(TOP (S (NP-SBJ (NP Pierre Vinken) , (ADJP (NP 61 years) old) ,) (VP will (VP join (NP the board) (PP-CLR as (NP a nonexecutive director)) (NP-TMP Nov. 29))) .)) (TOP (S (NP-SBJ Mr. Vinken) (VP is (NP-PRD (NP chairman) (PP of (NP (NP Elsevier N.V.) , (NP the Dutch publishing group))))) .)) (TOP (S (NP-SBJ-1 (NP Rudolph Agnew) , (UCP (ADJP (NP 55 years) old) and (NP (NP former chairman) (PP of (NP Consolidated Gold Fields PLC)))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP a nonexecutive director) (PP of (NP this British industrial conglomerate)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP A form) (PP of (NP asbestos))) (RRC (ADVP-TMP once) (VP used (NP *) (S-CLR (NP-SBJ *) (VP to (VP make (NP Kent cigarette filters))))))) (VP has (VP caused (NP (NP a high percentage) (PP of (NP cancer deaths)) (PP-LOC among (NP (NP a group) (PP of (NP (NP workers) (RRC (VP exposed (NP *) (PP-CLR to (NP it)) (ADVP-TMP (NP (QP more than 30) years) ago))))))))))) , (NP-SBJ researchers) (VP reported (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The asbestos fiber) , (NP crocidolite) ,) (VP is (ADJP-PRD unusually resilient) (SBAR-TMP once (S (NP-SBJ it) (VP enters (NP the lungs)))) , (PP with (S-NOM (NP-SBJ (NP even brief exposures) (PP to (NP it))) (VP causing (NP (NP symptoms) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP show (PRT up) (ADVP-TMP (NP decades) later)))))))))) , (NP-SBJ researchers) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Lorillard Inc.) , (NP (NP the unit) (PP of (NP (ADJP New York-based) Loews Corp.)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP makes (NP Kent cigarettes))))) ,) (VP stopped (VP using (NP crocidolite) (PP-LOC-CLR in (NP its Micronite cigarette filters)) (PP-TMP in (NP 1956)))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-2 preliminary findings) (VP were (VP reported (NP *-2) (ADVP-TMP (NP (QP more than a) year) ago))))) , (NP-SBJ the latest results) (VP appear (PP-LOC in (NP (NP (NP (NP today 's) New England Journal) (PP of (NP Medicine))) , (NP (NP a forum) (ADJP likely (S (NP-SBJ *) (VP to (VP bring (NP new attention) (PP-DIR to (NP the problem)))))))))) .)) (TOP (S (NP-SBJ A Lorillard spokewoman) (VP said , `` (S (NP-SBJ This) (VP is (NP-PRD an old story)))) .)) (TOP (S (NP-SBJ We) (VP 're (VP talking (PP-CLR about (ADVP-TMP (ADVP (NP years) ago) (SBAR before (S (NP-SBJ anyone) (VP heard (PP-CLR of (S-NOM (NP-SBJ asbestos) (VP having (NP any questionable properties))))))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD no asbestos) (PP-LOC in (NP our products)) (ADVP-TMP now)) . '')) (TOP (S (NP-SBJ Neither (NP Lorillard) nor (NP (NP the researchers) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP studied (NP the workers)))))) (VP were (ADJP-PRD aware (PP of (NP (NP any research) (PP on (NP (NP smokers) (PP of (NP the Kent cigarettes)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP have (NP (NP no useful information) (PP on (SBAR whether (S (NP-SBJ users) (VP are (PP-PRD at (NP risk))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP James A. Talcott) (PP of (NP (NP Boston 's) Dana-Farber Cancer Institute))) .)) (TOP (S (NP-SBJ Dr. Talcott) (VP led (NP (NP a team) (PP of (NP (NP researchers) (PP-DIR from (NP (NP the National Cancer Institute) and (NP (NP the medical schools) (PP of (NP (NP Harvard University) and (NP Boston University)))))))))) .)) (TOP (S (NP-SBJ The Lorillard spokeswoman) (VP said (SBAR 0 (S (NP-SBJ-1 asbestos) (VP was (VP (VP used (NP *-1) (PP-CLR in `` (NP (ADJP very modest) amounts) '') (PP-LOC in (S-NOM (NP-SBJ *) (VP making (NP (NP paper) (PP for (NP the filters)))))) (PP-TMP in (NP the early 1950s))) and (VP replaced (NP *-1) (PP with (NP (NP a different type) (PP of (NP filter)))) (PP-TMP in (NP 1956)))))))) .)) (TOP (S (S-TPC-1 (PP-TMP (PP-DIR From (NP 1953)) (PP-DIR to (NP 1955))) , (NP-SBJ-3 (NP (QP 9.8 billion) Kent cigarettes) (PP with (NP the filters))) (VP were (VP sold (NP *-3)))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC Among (NP (NP 33 men) (SBAR (WHNP-4 who) (S (NP-SBJ *T*-4) (VP worked (ADVP-MNR closely) (PP-CLR with (NP the substance))))))) , (NP-SBJ (NP 28) (NP *ICH*-1)) (VP have (VP died -- (NP-1 (QP more than three times) the expected number))) .)) (TOP (S (NP-SBJ (NP Four) (PP of (NP the five surviving workers))) (VP have (NP asbestos-related diseases) , (PP including (NP (NP three) (PP with (NP (ADJP recently diagnosed) cancer))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The total) (PP of (NP (NP 18 deaths) (PP-DIR from (NP (NP malignant mesothelioma) , (NP lung cancer) and (NP asbestosis)))))) (VP was (ADJP-PRD (ADJP far higher) (SBAR than (S (NP-SBJ *) (VP expected (S *?*))))))) , (NP-SBJ the researchers) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The morbidity rate) (VP is (NP-PRD a striking finding) (PP-LOC among (NP (NP those) (PP of (NP us)) (SBAR (WHNP-5 who) (S (NP-SBJ *T*-5) (VP study (NP asbestos-related diseases)))))))) , '' (VP said (S *T*-1)) (NP-SBJ Dr. Talcott) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The percentage) (PP of (NP lung cancer deaths)) (PP-LOC among (NP (NP the workers) (PP-LOC at (NP the (NAC-LOC West Groton , Mass. ,) paper factory))))) (VP appears (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the highest) (PP for (NP (NP any asbestos workers) (RRC (VP studied (NP *) (PP-LOC in (NP Western industrialized countries)))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP The plant) , (SBAR (WHNP-1 which) (S (NP-SBJ-4 *T*-1) (VP is (VP owned (NP *-4) (PP by (NP-LGS Hollingsworth & Vose Co.)))))) ,) (VP was (PP-LOC-PRD under (NP (NP contract (S *ICH*-2)) (PP with (NP Lorillard)) (S-2 (NP-SBJ *) (VP to (VP make (NP the cigarette filters))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The finding) (ADVP probably) (VP will (VP support (NP (NP those) (SBAR (WHNP-6 who) (S (NP-SBJ *T*-6) (VP argue (SBAR that (S (NP-SBJ the U.S.) (VP should (VP regulate (NP (NP the class) (PP of (NP asbestos)) (PP including (NP crocidolite))) (ADVP-MNR (ADVP more stringently) (PP than (NP (NP (NP the common kind) (PP of (NP asbestos)) , (NP chrysotile) ,) (VP found (NP *) (PP-LOC-CLR in (NP (NP most schools) and (NP other buildings)))))))))))))))))) , (NP-SBJ Dr. Talcott) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The U.S.) (VP is (NP-PRD (NP one) (PP of (NP (NP the few industrialized nations) (SBAR (WHNP-7 that) (S (NP-SBJ *T*-7) (VP does n't (VP have (NP (NP a higher standard) (PP of (NP regulation)) (PP for (NP (NP the smooth , needle-like fibers) (PP such as (NP crocidolite)) (SBAR (WHNP-1 that) (S (NP-SBJ-5 *T*-1) (VP are (VP classified (NP *-5) (PP-CLR as (NP amphobiles)))))))))))))))) , (PP according (PP to (NP (NP Brooke T. Mossman) , (NP (NP a professor) (PP of (NP pathlogy)) (PP-LOC at (NP (NP the (NAC University (PP of (NP Vermont))) College) (PP of (NP Medicine))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 More common chrysotile fibers) (VP (VP are (ADJP-PRD curly)) and (VP are (VP (ADVP-MNR more easily) rejected (NP *-1) (PP by (NP-LGS the body)))))) , (NP-SBJ Dr. Mossman) (VP explained (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-TMP In (NP July)) , (NP-SBJ the Environmental Protection Agency) (VP imposed (NP a gradual ban) (PP-CLR on (NP (NP (ADJP virtually all) uses) (PP of (NP asbestos))))) .)) (TOP (S (PP-TMP By (NP 1997)) , (NP-SBJ-6 (NP (ADJP almost all) remaining uses) (PP of (NP cancer-causing asbestos))) (VP will (VP be (VP outlawed (NP *-6)))) .)) (TOP (S (NP-SBJ-7 (NP (QP About 160) workers) (PP-LOC at (NP (NP a factory) (SBAR (WHNP-8 that) (S (NP-SBJ *T*-8) (VP made (NP (NP paper) (PP for (NP the Kent filters))))))))) (VP were (VP exposed (NP *-7) (PP-DIR to (NP asbestos)) (PP-TMP in (NP the 1950s)))) .)) (TOP (S (NP-SBJ (NP Areas) (PP of (NP the factory)) (SBAR *ICH*-2)) (VP were (ADJP-PRD particularly dusty) (SBAR-2 (WHADVP-1 where) (S (NP-SBJ-8 the crocidolite) (VP was (VP used (NP *-8) (ADVP-LOC *T*-1)))))) .)) (TOP (S (NP-SBJ Workers) (VP (VP dumped (NP (NP large burlap sacks) (PP of (NP the imported material))) (PP-DIR into (NP a huge bin))) , (VP poured (PRT in) (NP cotton and acetate fibers)) and (VP (VP (ADVP-MNR mechanically) mixed (NP the dry fibers) (PP-LOC in (NP (NP a process) (RRC (VP used (NP *) (S-CLR (NP-SBJ *) (VP to (VP make (NP filters))))))))))) .)) (TOP (S (NP-SBJ Workers) (VP described (NP `` (NP clouds) (PP of (NP blue dust)) '' (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP hung (PP-LOC over (NP (NP parts) (PP of (NP the factory)))) , (SBAR-ADV even though (S (NP-SBJ exhaust fans) (VP ventilated (NP the area))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD (NP no question) (SBAR that (S (NP-SBJ (NP some) (PP of (NP those workers and managers))) (VP contracted (NP asbestos-related diseases))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Darrell Phillips) , (NP (NP vice president) (PP of (NP human resources)) (PP for (NP Hollingsworth & Vose)))) .)) (TOP (S `` But (NP-SBJ-1 you) (VP have (S (NP-SBJ *-1) (VP to (VP recognize (SBAR that (S (NP-SBJ these events) (VP took (NP place) (ADVP-TMP (NP 35 years) ago)))))))) .)) (TOP (S (NP-SBJ It) (VP has (NP (NP no bearing) (PP-DIR on (NP (NP our work force) (NP-TMP today))))) .)) (TOP (S (NP-SBJ-1 (NP Yields) (PP on (NP money-market mutual funds))) (VP continued (S (NP-SBJ *-1) (VP to (VP slide))) , (PP-LOC amid (NP signs (SBAR that (S (NP-SBJ portfolio managers) (VP expect (NP (NP further declines) (PP-LOC in (NP interest rates))))))))) .)) (TOP (S (NP-SBJ (NP The average seven-day compound yield) (PP of (NP (NP the 400 taxable funds) (VP tracked (NP *) (PP by (NP-LGS (NP IBC 's) Money Fund Report)))))) (VP eased (NP-ADV (NP a fraction) (PP of (NP a percentage point))) (PP-DIR to (NP 8.45 %)) (PP-DIR from (NP 8.47 %)) (PP-TMP for (NP (NP the week) (VP ended (NP-TMP Tuesday))))) .)) (TOP (S (NP-SBJ Compound yields) (VP assume (UCP (NP (NP reinvestment) (PP of (NP dividends))) and (SBAR that (S (NP-SBJ the current yield) (VP continues (PP-TMP for (NP a year))))))) .)) (TOP (S (NP-SBJ (NP Average maturity) (PP of (NP (NP the funds ') investments))) (VP lengthened (PP-EXT by (NP a day)) (PP-DIR to (NP (NP 41 days) , (NP (NP the longest) (PP-TMP since (NP early August))) ,)) (PP according (PP to (NP Donoghue 's)))) .)) (TOP (S (NP-SBJ-1 Longer maturities) (VP are (VP thought (S (NP-SBJ *-1) (VP to (VP indicate (NP declining interest rates) (SBAR-PRP because (S (NP-SBJ they) (VP permit (S (NP-SBJ portfolio managers) (VP to (VP retain (NP relatively higher rates) (PP-TMP for (NP a longer period))))))))))))) .)) (TOP (S (NP-SBJ-9 Shorter maturities) (VP are (VP considered (S (NP-SBJ *-9) (NP-PRD (NP a sign) (PP of (NP rising rates)))) (SBAR-PRP because (S (NP-SBJ portfolio managers) (VP can (VP capture (NP higher rates) (ADVP-TMP sooner))))))) .)) (TOP (S (NP-SBJ (NP The average maturity) (PP for (NP (NP funds) (ADJP open (PP (ADVP only) to (NP institutions))))) , (RRC (VP considered (PP by (NP-LGS some)) (S (NP-SBJ *) (VP to (VP be (NP-PRD a stronger indicator) (SBAR-PRP because (S (NP-SBJ those managers) (VP watch (NP the market) (ADVP-MNR closely))))))))) ,) (VP reached (NP (NP (NP a high point) (PP for (NP the year))) (PRN -- (NP 33 days)))) .)) (TOP (S-1 (ADVP Nevertheless) (PRN , (SINV (VP said (S *T*-1)) (NP-SBJ (NP Brenda Malizia Negus) , (NP (NP editor) (PP of (NP Money Fund Report))))) ,) (NP-SBJ yields) `` (VP may (VP blip (ADVP-DIR up) (ADVP-TMP again) (SBAR-TMP before (S (NP-SBJ they) (VP blip (ADVP-DIR down)))) '' (PP-PRP because of (NP (NP recent rises) (PP-LOC in (NP short-term interest rates)))))) .)) (TOP (S (NP-SBJ (NP The yield) (PP on (NP (NP six-month Treasury bills) (VP sold (NP *) (PP-LOC at (NP (NP Monday 's) auction)))))) , (PP for (NP example)) , (VP rose (PP-DIR to (NP 8.04 %)) (PP-DIR from (NP 7.90 %))) .)) (TOP (S (PP Despite (NP (NP recent declines) (PP-LOC in (NP yields)))) , (NP-SBJ-1 investors) (VP continue (S (NP-SBJ *-1) (VP to (VP pour (NP cash) (PP-DIR into (NP money funds)))))) .)) (TOP (S (NP-SBJ (NP Assets) (PP of (NP the 400 taxable funds))) (VP grew (PP-EXT by (NP (QP $ 1.5 billion) *U*)) (PP-TMP during (NP the latest week)) , (PP-DIR to (NP (QP $ 352.7 billion) *U*))) .)) (TOP (S (ADVP Typically) , (NP-SBJ money-fund yields) (VP beat (NP comparable short-term investments) (SBAR-PRP because (S (NP-SBJ portfolio managers) (VP can (VP (VP vary (NP maturities)) and (VP go (PP-CLR after (NP the highest rates)))))))) .)) (TOP (S (NP-SBJ The top money funds) (VP are (ADVP-TMP currently) (VP yielding (NP (QP well over 9) %))) .)) (TOP (S (NP-SBJ (NP Dreyfus World-Wide Dollar) , (NP the top-yielding fund) ,) (VP had (NP (NP a seven-day compound yield) (PP of (NP 9.37 %))) (PP-TMP during (NP the latest week)) , (ADVP down (PP from (NP 9.45 %) (ADVP-TMP (NP a week) earlier)))) .)) (TOP (S (NP-SBJ It) (VP (VP invests (ADVP-MNR heavily) (PP-CLR in (NP dollar-denominated securities)) (ADVP-LOC overseas)) and (VP is (ADVP-TMP currently) (VP (VP waiving (NP management fees)) , (SBAR-ADV (WHNP-9 which) (S (NP-SBJ *T*-9) (VP boosts (NP its yield))))))) .)) (TOP (S (NP-SBJ (NP The average seven-day simple yield) (PP of (NP the 400 funds))) (VP was (NP-PRD 8.12 %) , (ADVP down (PP from (NP 8.14 %)))) .)) (TOP (S (S (NP-SBJ The 30-day simple yield) (VP fell (PP-DIR to (NP an average 8.19 %)) (PP-DIR from (NP 8.22 %)))) ; (S (NP-SBJ the 30-day compound yield) (VP slid (PP-DIR to (NP an average 8.53 %)) (PP-DIR from (NP 8.56 %)))) .)) (TOP (S (NP-SBJ-10 (NP J.P. Bolduc) , (NP (NP vice chairman) (PP of (NP (NP W.R. Grace & Co.) , (SBAR (WHNP-10 which) (S (NP-SBJ *T*-10) (VP holds (NP (NP a (ADJP 83.4 %) interest) (PP-LOC in (NP this energy-services company))))))))) ,) (VP was (VP elected (S (NP-SBJ *-10) (NP-PRD a director)))) .)) (TOP (S (NP-SBJ He) (VP succeeds (NP (NP Terrence D. Daniels) , (NP (ADVP formerly) a W.R. Grace vice chairman) , (SBAR (WHNP-11 who) (S (NP-SBJ *T*-11) (VP resigned))))) .)) (TOP (S (NP-SBJ W.R. Grace) (VP holds (NP (NP three) (PP of (NP (NP Grace Energy 's) seven board seats)))) .)) (TOP (S (NP-SBJ Pacific First Financial Corp.) (VP said (SBAR 0 (S (NP-SBJ shareholders) (VP approved (NP (NP its acquisition) (PP by (NP (NP Royal Trustco Ltd.) (PP of (NP Toronto)))) (PP for (NP (NP (NP $ 27 *U*) (NP-ADV a share)) , or (NP (QP $ 212 million) *U*)))))))) .)) (TOP (S (NP-SBJ The thrift holding company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP (VP obtain (NP regulatory approval)) and (VP complete (NP the transaction)) (PP-TMP by (NP year-end))))))))) .)) (TOP (S (NP-SBJ McDermott International Inc.) (VP said (SBAR 0 (S (NP-SBJ its Babcock & Wilcox unit) (VP completed (NP (NP the sale) (PP of (NP its Bailey Controls Operations)) (PP to (NP Finmeccanica S.p . A.)) (PP for (NP (QP $ 295 million) *U*))))))) .)) (TOP (S (NP-SBJ Finmeccanica) (VP is (NP-PRD (NP an Italian state-owned holding company) (PP with (NP (NP interests) (PP-LOC in (NP the mechanical engineering industry)))))) .)) (TOP (S (NP-SBJ (NP Bailey Controls) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Wickliffe) , (NP Ohio)))) ,) (VP makes (NP computerized industrial controls systems)) .)) (TOP (S (NP-SBJ It) (VP (VP employs (NP 2,700 people)) and (VP has (NP (NP annual revenue) (PP of (NP (QP about $ 370 million) *U*))))) .)) (TOP (S (NP-SBJ The federal government) (VP suspended (NP (NP sales) (PP of (NP U.S. savings bonds))) (SBAR-PRP because (S (NP-SBJ Congress) (VP has n't (VP lifted (NP (NP the ceiling) (PP-LOC on (NP government debt)))))))) .)) (TOP (S (S-TPC-1 (SBAR-TMP Until (S (NP-SBJ Congress) (VP acts))) , (NP-SBJ the government) (VP has n't (NP any authority (S (NP-SBJ *) (VP to (VP issue (NP (NP new debt obligations) (PP of (NP any kind))))))))) , (NP-SBJ the Treasury) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The government 's) borrowing authority) (VP dropped (PP-TMP at (NP midnight)) (NP-TMP Tuesday) (PP-DIR to (NP (QP $ 2.80 trillion) *U*)) (PP-DIR from (NP (QP $ 2.87 trillion) *U*))) .)) (TOP (S (NP-SBJ-11 (NP Legislation) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP lift (NP the debt ceiling)))))) (VP is (VP ensnarled (NP *-11) (PP-LOC-CLR in (NP (NP the fight) (PP over (S-NOM (NP-SBJ *) (VP cutting (NP capital-gains taxes)))))))) .)) (TOP (S (S (NP-SBJ-1 The House) (VP has (VP voted (S (NP-SBJ *-1) (VP to (VP raise (NP the ceiling) (PP-DIR to (NP (QP $ 3.1 trillion) *U*)))))))) , but (S (NP-SBJ-2 the Senate) (VP is n't (VP expected (S (NP-SBJ *-2) (VP to (VP act (PP-TMP until (NP next week)) (PP-TMP at (NP the earliest)))))))) .)) (TOP (S (NP-SBJ The Treasury) (VP said (SBAR 0 (S (NP-SBJ the U.S.) (VP will (VP default (PP-TMP on (NP Nov. 9)) (SBAR-ADV if (S (NP-SBJ Congress) (VP does n't (VP act (PP-TMP by (NP then))))))))))) .)) (TOP (S (NP-SBJ-12 Clark J. Vitulli) (VP was (VP named (S (NP-SBJ *-12) (NP-PRD (NP (NP senior vice president) (PP *RNR*-1)) and (NP (NP general manager) (PP *RNR*-1)) (PP-1 of (NP (NP this U.S. sales and marketing arm) (PP of (NP Japanese auto maker Mazda Motor Corp)))))))) .)) (TOP (S (PP-LOC In (NP the new position)) (NP-SBJ he) (VP will (VP oversee (NP (NP Mazda 's) U.S. sales , service , parts and marketing operations))) .)) (TOP (S (ADVP-TMP Previously) , (NP-SBJ (NP Mr. Vitulli) , (ADJP (NP 43 years) old) ,) (VP was (NP-PRD (NP general marketing manager) (PP of (NP (NP Chrysler Corp. 's) Chrysler division)))) .)) (TOP (S (NP-SBJ He) (VP had (VP been (NP-PRD (NP a sales and marketing executive) (PP with (NP Chrysler))) (PP-TMP for (NP 20 years)))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ it) (VP 's (NP-PRD (NP time) (PP for (NP their biannual powwow))) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP the nation 's) manufacturing titans) (ADVP typically) (VP jet (PRT off) (PP-DIR to (NP (NP the sunny confines) (PP of (NP (NP resort towns) (PP like (NP (NP Boca Raton) and (NP Hot Springs)))))))) .)) (TOP (FRAG Not (NP-TMP this year) .)) (TOP (S (NP-SBJ (NP The National Association) (PP of (NP Manufacturers))) (VP settled (PP-CLR on (NP (NP the Hoosier capital) (PP of (NP Indianapolis)))) (PP for (NP its fall board meeting))) .)) (TOP (S And (NP-SBJ-1 the city) (VP decided (S (NP-SBJ *-1) (VP to (VP treat (NP its guests) (PP-MNR (PP (ADVP more) like (NP (NP royalty) or (NP rock stars))) (PP than (NP factory owners))))))) .)) (TOP (FRAG (NP The idea) , (PP of (NP course)) : (S (NP-SBJ *) (VP to (VP prove (PP-CLR to (NP 125 corporate decision makers)) (SBAR (SBAR that (S (NP-SBJ (NP the buckle) (PP on (NP the Rust Belt))) (VP is n't (ADJP-PRD so rusty) (PP after (NP all))))) , (SBAR that (S (NP-SBJ it) (VP 's (NP-PRD (NP a good place) (SBAR (WHADVP-1 0) for (S (NP-SBJ a company) (VP to (VP expand (ADVP-LOC *T*-1))))))))))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 On (NP (NP the receiving end) (PP of (NP the message)))) (VP were (PP-LOC-PRD *T*-1)) (NP-SBJ (NP officials) (PP from (NP (NP (NP giants) (PP like (NP (NP Du Pont) and (NP Maytag)))) , (CONJP along with) (NP (NP lesser knowns) (PP like (NP (NP Trojan Steel) and (NP the Valley Queen Cheese Factory))))))) .)) (TOP (S (PP For (NP starters)) , (NP-SBJ the executives) (VP joined (NP Mayor William H. Hudnut III) (PP for (NP (NP an evening) (PP of (NP (NP the Indianapolis Symphony Orchestra) and (NP a guest pianist-comedian Victor Borge)))))) .)) (TOP (S (NP-SBJ Champagne and dessert) (VP followed) .)) (TOP (S (NP-TMP The next morning) , (PP with (NP a police escort)) , (NP-SBJ-1 (NP busloads) (PP of (NP (NP executives) and (NP their wives)))) (VP raced (PP-DIR to (NP the Indianapolis Motor Speedway)) , (S-ADV (NP-SBJ *-1) (ADJP-PRD unimpeded (PP by (NP (NP traffic) or (NP red lights)))))) .)) (TOP (S (S (NP-SBJ The governor) (VP could n't (VP make (NP it)))) , so (S (NP-SBJ the lieutenant governor) (VP welcomed (NP the special guests))) .)) (TOP (S (NP-SBJ-1 A buffet breakfast) (VP was (VP held (NP *-1) (PP-LOC in (NP the museum)) , (SBAR-LOC (WHADVP-3 where) (S (NP-SBJ-2 food and drinks) (VP are (VP banned (NP *-2) (PP to (NP everyday visitors)) (ADVP-LOC *T*-3))))))) .)) (TOP (S (ADVP-TMP Then) , (PP in (NP (NP the guests ') honor)) , (NP-SBJ the speedway) (VP hauled (PRT out) (NP (NP four drivers) , (NP crews) and (NP even the official Indianapolis 500 announcer)) (PP-PRP for (NP a 10-lap exhibition race))) .)) (TOP (S (PP-TMP After (NP the race)) , (NP-SBJ Fortune 500 executives) (VP drooled (PP-MNR like (NP schoolboys)) (PP-CLR over (NP the cars and drivers))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD No dummies)) , (NP-SBJ-1 the drivers) (VP pointed (PRT out) (SBAR 0 (S (NP-SBJ they) (ADVP still) (VP had (NP (NP space) (PP on (NP their machines)) (PP for (NP (NP (NP another sponsor 's) name) or (NP two)))))))) .)) (TOP (S (ADVP-LOC Back downtown) , (NP-SBJ-1 the execs) (VP squeezed (PRT in) (NP (NP a few meetings) (PP-LOC at (NP the hotel))) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP boarding (NP the buses) (ADVP again))))) .)) (TOP (S (NP-TMP This time) , (NP-SBJ it) (VP was (PP-PRD for (NP (NP dinner and dancing) -- (ADVP-LOC (NP a block) away)))) .)) (TOP (S (PP-LOC Under (NP (NP the stars and moons) (PP of (NP the renovated Indiana Roof ballroom)))) , (NP-SBJ (NP nine) (PP of (NP (NP the hottest chefs) (PP in (NP town))))) (VP fed (NP them) (NP (NP Indiana duckling mousseline) , (NP lobster consomme) , (NP veal mignon) and (NP (NP chocolate terrine) (PP with (NP a raspberry sauce))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Knowing (NP a (ADJP tasty (PRN -- and free --)) meal) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP eat (NP one) (ADVP-TMP *T*-1)))))) , (NP-SBJ-2 the executives) (VP gave (NP the chefs) (NP a standing ovation)) .)) (TOP (S (NP-SBJ (NP More) (PP than (NP a few CEOs))) (VP say (SBAR 0 (S (NP-SBJ the red-carpet treatment) (VP tempts (S (NP-SBJ them) (VP to (VP return (PP-DIR to (NP a heartland city)) (PP-PRP for (NP future meetings))))))))) .)) (TOP (S But (PP-TMP for (ADVP now)) , (NP-SBJ they) (VP 're (VP looking (ADVP-CLR forward) (PP-CLR to (NP (NP their winter meeting) (PRN -- (NP-LOC Boca) (PP-TMP in (NP February))))))) .)) (TOP (S (NP-SBJ South Korea) (VP registered (NP (NP a trade deficit) (PP of (NP (QP $ 101 million) *U*))) (PP-TMP in (NP October)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP the country 's) economic sluggishness))) , (PP according (PP to (NP (NP government figures) (VP released (NP *) (NP-TMP Wednesday)))))) .)) (TOP (S (NP-SBJ (NP Preliminary tallies) (PP by (NP the Trade and Industry Ministry))) (VP showed (NP (NP (NP another trade deficit) (PP-TMP in (NP October))) , (NP (NP the fifth monthly setback) (NP-TMP this year))) , (S-ADV (NP-SBJ *) (VP casting (NP a cloud) (PP-CLR on (NP (NP South Korea 's) export-oriented economy))))) .)) (TOP (S (NP-SBJ (NP Exports) (PP-TMP in (NP October))) (VP stood (PP-LOC-CLR at (NP (NP (QP $ 5.29 billion) *U*) , (NP (NP (ADJP (QP a mere 0.7) %) increase) (PP-TMP from (NP a year earlier))) ,)) (SBAR-TMP while (S (NP-SBJ imports) (VP increased (ADVP-MNR sharply) (PP-DIR to (NP (NP (QP $ 5.39 billion) *U*) , (ADVP up (NP 20 %) (PP-TMP from (NP last October))))))))) .)) (TOP (S (NP-SBJ (NP (NP South Korea 's) economic boom) , (SBAR (WHNP-12 which) (S (NP-SBJ *T*-12) (VP began (PP-TMP in (NP 1986))))) ,) (VP stopped (NP-TMP this year) (PP-PRP because of (NP (NP prolonged labor disputes) , (NP trade conflicts) and (NP sluggish exports)))) .)) (TOP (S (NP-SBJ Government officials) (VP said (SBAR 0 (S (NP-SBJ (NP exports) (PP-TMP at (NP (NP the end) (PP of (NP the year))))) (VP would (VP remain (PP-LOC under (NP (NP a government target) (PP of (NP (QP $ 68 billion) *U*))))))))) .)) (TOP (S (PP Despite (NP the gloomy forecast)) , (NP-SBJ South Korea) (VP has (VP recorded (NP (NP a trade surplus) (PP of (NP (QP $ 71 million) *U*))) (ADVP-TMP so far) (NP-TMP this year))) .)) (TOP (S (PP-TMP (PP-DIR From (NP January)) (PP-DIR to (NP October))) , (NP-SBJ (NP the nation 's) accumulated exports) (VP increased (NP-EXT 4 %) (PP-TMP from (NP the same period last year)) (PP-DIR to (NP (QP $ 50.45 billion) *U*))) .)) (TOP (S (NP-SBJ Imports) (VP were (PP-LOC-PRD at (NP (NP (QP $ 50.38 billion) *U*))) , (ADVP up (NP 19 %))) .)) (TOP (S (NP-SBJ-1 Newsweek) , (S (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP keep (NP-CLR pace) (PP-CLR with (NP (NP rival) (NP Time magazine)))))))) , (VP (VP announced (NP (NP new advertising rates) (PP for (NP 1990)))) and (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP introduce (NP (NP a new incentive plan) (PP for (NP advertisers))))))))) .)) (TOP (S (NP-SBJ (NP The new ad plan) (PP-DIR from (NP (NP Newsweek) , (NP (NP a unit) (PP of (NP the Washington Post Co.))) ,))) (VP is (NP-PRD (NP the second incentive plan) (SBAR (WHNP-1 0) (S (NP-SBJ the magazine) (VP has (VP offered (NP advertisers) (NP *T*-1) (PP-TMP in (NP three years)))))))) .)) (TOP (S (NP-SBJ (NP Plans) (SBAR (WHNP-13 that) (S (NP-SBJ *T*-13) (VP give (NP advertisers) (NP (NP discounts) (PP for (S-NOM (NP-SBJ *) (VP maintaining or increasing (NP ad spending))))))))) (VP (VP have (VP become (NP-PRD (NP permanent fixtures) (PP-LOC at (NP the news weeklies))))) and (VP underscore (NP (NP the fierce competition) (PP-LOC between (NP (NP Newsweek) , (NP (NP Time Warner Inc. 's) Time magazine) , and (NP (NP Mortimer B. Zuckerman 's) U.S. News & World Report)))))) .)) (TOP (S (NP-SBJ (NP Alan Spoon) , (RRC (ADVP-TMP recently) (VP named (S (NP-SBJ *) (NP-PRD Newsweek president)))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP Newsweek 's) ad rates) (VP would (VP increase (NP-EXT 5 %) (PP-TMP in (NP January))))))) .)) (TOP (S (NP-SBJ (NP A full , four-color page) (PP-LOC in (NP Newsweek))) (VP will (VP cost (NP $ 100,980 *U*))) .)) (TOP (S (S (PP-TMP In (NP mid-October)) , (NP-SBJ-1 Time magazine) (VP lowered (NP (NP its guaranteed circulation rate base) (PP-TMP for (NP 1990))) (SBAR-TMP while (S (NP-SBJ *-1) (VP not increasing (NP ad page rates)))))) ; (S (PP with (NP a lower circulation base)) , (NP-SBJ (NP (NP Time 's) ad rate) (PP *ICH*-2)) (VP will (VP be (ADVP effectively) (ADJP-PRD (NP-ADV 7.5 %) higher) (PP-2 per (NP subscriber))))) ; (S (NP-SBJ (NP a full page) (PP-LOC in (NP Time))) (VP costs (NP (QP about $ 120,000) *U*))) .)) (TOP (S (NP-SBJ-1 U.S. News) (VP has (ADVP-TMP yet) (S (NP-SBJ *-1) (VP to (VP announce (NP its 1990 ad rates))))) .)) (TOP (S (NP-SBJ Newsweek) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP introduce (NP (NP the Circulation Credit Plan) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP awards (NP (NP space credits) (PP *ICH*-2)) (PP-DIR to (NP advertisers)) (PP-2 on `` (NP renewal advertising))))))))))) . '')) (TOP (S (NP-SBJ The magazine) (VP will (VP reward (PP-MNR with `` (NP page bonuses) '') (NP (NP advertisers) (SBAR (WHNP-1 who) (S (PP-TMP in (NP 1990)) (NP-SBJ *T*-1) (VP meet or exceed (NP their 1989 spending))))) , (ADVP-TMP (ADVP as long) (SBAR as (S (NP-SBJ they) (VP (VP spent (NP-2 $ 325,000 *U*) (PP-TMP-3 in (NP 1989))) and (VP (NP=2 $ 340,000 *U*) (PP-TMP=3 in (NP 1990))))))))) .)) (TOP (S (S (NP-SBJ Mr. Spoon) (VP said (SBAR 0 (S (NP-SBJ the plan) (VP is not (NP-PRD an attempt (S (NP-SBJ *) (VP to (VP shore (PRT up) (NP (NP a decline) (PP-LOC in (NP ad pages)) (PP-TMP in (NP (NP the first nine months) (PP of (NP 1989)))))))))))))) ; (S (NP-SBJ (NP Newsweek 's) ad pages) (VP totaled (NP (NP 1,620) , (NP (NP a drop) (PP of (NP 3.2 %)) (PP-DIR from (NP last year)))) , (PP according (PP to (NP Publishers Information Bureau))))) .)) (TOP (SINV `` (S-TPC-1 (S (SBAR-NOM-SBJ (WHNP-14 What) (S (NP-SBJ *T*-14) (VP matters))) (VP is (SBAR-NOM-PRD (WHNP-15 what) (S (NP-SBJ advertisers) (VP are (VP paying (NP *T*-15) (PP per (NP page)))))))) , and (S (PP-LOC in (NP that department)) (NP-SBJ we) (VP are (VP doing (ADVP-MNR fine) (NP-TMP this fall))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Spoon) .)) (TOP (S (NP-SBJ Both (NP Newsweek) and (NP U.S. News)) (VP have (VP been (VP gaining (NP circulation) (PP-TMP in (NP recent years)) (PP-MNR without (NP (NP heavy use) (PP of (NP (NP electronic giveaways) (PP-DIR to (NP subscribers)) , (PP such as (NP telephones or watches))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP none) (PP of (NP the big three weeklies))) (VP recorded (NP circulation gains) (ADVP-TMP recently)) .)) (TOP (S (PP According (PP to (NP (NP Audit Bureau) (PP of (NP Circulations))))) , (NP-SBJ (NP Time) , (NP the largest newsweekly) ,) (VP had (NP (NP average circulation) (PP of (NP (NP 4,393,237) , (NP (NP a decrease) (PP of (NP 7.3 %))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Newsweek 's) circulation) (PP for (NP (NP the first six months) (PP of (NP 1989))))) (VP was (NP-PRD 3,288,453) , (S-ADV (NP-SBJ *-1) (ADJP-PRD flat (PP-TMP from (NP the same period last year))))) .)) (TOP (S (NP-SBJ (NP (NP U.S. News ') circulation) (PP-TMP in (NP the same time))) (VP was (NP-PRD 2,303,328) , (ADVP down (NP 2.6 %))) .)) (TOP (S (NP-SBJ-1 New England Electric System) (VP bowed (ADVP-DIR-CLR out) (PP-CLR of (NP (NP the bidding) (PP for (NP (NP Public Service Co.) (PP of (NP New Hampshire)))))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR that (S (S (NP-SBJ-2 the risks) (VP were (ADJP-PRD-3 too high (S *RNR*-4)))) and (S (NP-SBJ=2 the potential payoff) (ADVP-PRD-LOC=3 too far (PP-LOC in (NP the future)) (S *RNR*-4))) (S-4 (NP-SBJ *) (VP to (VP justify (NP a higher offer))))))))) .)) (TOP (S (NP-SBJ The move) (VP leaves (NP (NP United Illuminating Co.) and (NP Northeast Utilities)) (PP-CLR as (NP (NP the remaining outside bidders) (PP for (NP (NP (NP PS) (PP of (NP New Hampshire))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP has (VP proposed (NP (NP an internal reorganization plan) (PP-LOC in (NP Chapter 11 bankruptcy proceedings)) (SBAR (WHPP-2 under (WHNP which)) (S (NP-SBJ it) (VP would (VP remain (NP-PRD an independent company) (PP-LOC *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ-4 (NP New England Electric) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Westborough) , (NP Mass.)))) ,) (VP had (VP offered (NP (NP (QP $ 2 billion) *U*) (PP *ICH*-1)) (S-PRP (NP-SBJ *-4) (VP to (VP acquire (NP (NP PS) (PP of (NP New Hampshire)))))) , (PP-1 (ADVP well) below (NP (NP (NP the (ADJP (QP $ 2.29 billion) *U*) value) (SBAR (WHNP-2 0) (S (NP-SBJ United Illuminating) (VP places (NP *T*-2) (PP-DIR on (NP its bid)))))) and (NP (NP the (QP $ 2.25 billion) *U*) (SBAR (WHNP-3 0) (S (NP-SBJ Northeast) (VP says (SBAR 0 (S (NP-SBJ its bid) (VP is (ADJP-PRD worth (NP *T*-3)) ))))))))))) .)) (TOP (S (S (NP-SBJ-13 United Illuminating) (VP is (VP based (NP *-13) (PP-LOC in (NP (NP New Haven) , (NP Conn.) ,))))) and (S (NP-SBJ-14 Northeast) (VP is (VP based (NP *-14) (PP-LOC in (NP (NP Hartford) , (NP Conn)))))) .)) (TOP (S (NP-SBJ (NP (NP PS) (PP of (NP New Hampshire))) , (NP-LOC (NP Manchester) , (NP N.H.)) ,) (VP values (NP its internal reorganization plan) (PP-CLR at (NP (QP about $ 2.2 billion) *U*))) .)) (TOP (S (NP-SBJ (NP John Rowe) , (NP (NP (NP president) (PP *RNR*-1)) and (NP (NP chief executive officer) (PP *RNR*-1)) (PP-1 of (NP New England Electric))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP (NP the company 's) return) (PP on (NP equity))) (VP could (VP suffer (SBAR-ADV if (S (S (NP-SBJ it) (VP made (NP a higher bid))) and (S (NP-SBJ (NP its forecasts) (VP related (NP *) (PP-CLR to (NP (NP PS) (PP of (NP New Hampshire))))) (PRN -- (PP such as (NP (NP (NP growth) (PP-LOC in (NP electricity demand))) and (NP improved operating efficiencies))) --)) (VP did n't (VP come (ADJP-PRD true))))))))))) .)) (TOP (S `` (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ-2 we) (VP evaluated (S (NP-SBJ *-2) (VP raising (NP our bid))) (ADVP-TMP *T*-1)))) , (S (NP-SBJ the risks) (VP seemed (ADJP-PRD substantial and persistent) (PP-TMP over (NP the next five years)))) , and (S (NP-SBJ the rewards) (VP seemed (ADVP-LOC-PRD (NP a long way) out))) .)) (TOP (S (S-TPC-2 (NP-SBJ That) (VP got (ADJP-PRD hard (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP take (NP *T*-1)))))))) , '' (NP-SBJ he) (VP added (S *T*-2)) .)) (TOP (S (NP-SBJ Mr. Rowe) (ADVP also) (VP noted (SBAR that (S (NP-SBJ political concerns) (ADVP also) (VP worried (NP New England Electric))))) .)) (TOP (S (S-TPC-1 (ADVP No matter (SBAR-NOM (WHNP-16 who) (S (NP-SBJ *T*-16) (VP owns (NP (NP PS) (PP of (NP New Hampshire))))))) , (SBAR-TMP after (S (NP-SBJ it) (VP emerges (PP-DIR from (NP bankruptcy proceedings))))) (NP-SBJ its rates) (VP will (VP be (PP-LOC-PRD among (NP (NP the highest) (PP-LOC in (NP the nation))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (NP-SBJ That) (VP attracts (NP attention)) ...)) (TOP (S (S-1 (NP-SBJ it) (VP was (NP-PRD (NP just another one) (PP of (NP (NP the risk factors) '' (SBAR (WHNP-17 that) (S (NP-SBJ *T*-17) (VP led (PP-DIR-CLR to (NP (NP the company 's) decision (S (NP-SBJ *) (VP to (VP withdraw (PP-DIR-CLR from (NP the bidding))))))))))))))) , (NP-SBJ he) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Wilbur Ross Jr.) (PP of (NP (NP Rothschild Inc.) , (NP (NP the financial adviser) (PP to (NP (NP the troubled company 's) equity holders)))))) , (VP said (SBAR 0 (S (NP-SBJ (NP the withdrawal) (PP of (NP New England Electric))) (VP might (VP speed (PRT up) (NP the reorganization process)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The fact (SBAR that (S (NP-SBJ New England) (VP proposed (NP (NP lower rate increases) (PRN -- (NP (NP 4.8 % *U*) (PP-TMP over (NP seven years))) (PP-DIR against (NP (NP (ADJP (QP around 5.5) %) boosts) (VP proposed (NP *) (PP by (NP-LGS the other two outside bidders))))) --)))))) (VP complicated (NP (NP negotiations) (PP with (NP state officials))))) , (NP-SBJ Mr. Ross) (VP asserted (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (ADVP-TMP Now) (NP-SBJ the field) (VP is (ADJP-PRD less cluttered))) , '' (NP-SBJ he) (VP added (S *T*-1)) .)) (TOP (S (ADVP Separately) , (NP-SBJ the Federal Energy Regulatory Commission) (VP turned (PRT down) (PP-TMP for (NP now)) (NP (NP a request) (PP by (NP Northeast)) (VP seeking (NP (NP approval) (PP of (NP (NP its possible purchase) (PP of (NP (NP PS) (PP of (NP New Hampshire)))))))))) .)) (TOP (S (NP-SBJ Northeast) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP would (VP refile (NP its request))) and (VP (ADVP-TMP still) hopes (PP-CLR for (NP (NP an expedited review) (PP by (NP the FERC)))) ) (SBAR-PRP so that (S (NP-SBJ it) (VP could (VP complete (NP the purchase) (PP-TMP by (NP next summer)) (SBAR-ADV if (S (NP-SBJ its bid) (VP is (NP-PRD (NP the one) (VP approved (NP *) (PP by (NP-LGS the bankruptcy court))))))))))))))) .)) (TOP (S (NP-SBJ (NAC PS (PP of (NP New Hampshire))) shares) (VP closed (NP-TMP yesterday) (PP-CLR at (NP (NP $ 3.75 *U*) , (PP-DIR off (NP 25 cents)) ,)) (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (S (NP-SBJ-15 (NP (NP Norman Ricken) , (UCP (ADJP (NP 52 years) old) and (NP (NP former (NX (NX president) and (NX chief operating officer))) (PP of (NP Toys `` R '' Us Inc.))))) , and (NP (NP Frederick Deane Jr.) , (NP 63) , (NP (NP chairman) (PP of (NP Signet Banking Corp.)))) ,) (VP were (VP elected (S (NP-SBJ *-15) (NP-PRD (NP directors) (PP of (NP this consumer electronics and appliances retailing chain)))))) .)) (TOP (S (NP-SBJ They) (VP succeed (NP (NP (NP Daniel M. Rexinger) , (NP retired Circuit City executive vice president)) , and (NP (NP Robert R. Glauber) , (NP U.S. Treasury undersecretary)) ,) (PP-LOC on (NP the 12-member board))) .)) (TOP (S (NP-SBJ-1 Commonwealth Edison Co.) (VP was (VP ordered (NP-2 *-1) (S (NP-SBJ *-2) (VP to (VP refund (NP (QP about $ 250 million) *U*) (PP-DIR-CLR to (NP its current and former ratepayers)) (PP-PRP for (NP (NP illegal rates) (VP collected (NP *) (PP-PRP for (NP (NP cost overruns) (PP on (NP a nuclear power plant)))))))))))) .)) (TOP (S (S (NP-SBJ The refund) (VP was (ADJP-PRD (ADJP (NP-ADV (QP about $ 55 million) *U*) more) (SBAR than (S (NP-SBJ-1 *) (ADVP-TMP previously) (VP ordered (NP *-1) (PP by (NP-LGS the Illinois Commerce Commission)))))))) and (S (NP-SBJ trade groups) (VP said (SBAR 0 (S (NP-SBJ it) (VP may (VP be (NP-PRD (NP the largest) (VP (ADVP-TMP ever) required (NP *) (PP-CLR of (NP a (UCP state or local) utility)))))))))) .)) (TOP (S (NP-SBJ State court Judge Richard Curry) (VP ordered (NP-1 Edison) (S (NP-SBJ *-1) (VP to (VP make (NP (NP average refunds) (PP of (NP (NP (QP about $ 45 to $ 50) *U*) (ADVP each)))) (PP-DIR to (NP (NP Edison customers) (SBAR (WHNP-18 who) (S (NP-SBJ *T*-18) (VP have (VP received (NP electric service) (PP-TMP since (NP April 1986)))))) , (PP including (NP (NP (QP about two million) customers) (SBAR (WHNP-19 who) (S (NP-SBJ *T*-19) (VP have (VP moved (PP-TMP during (NP that period)))))))))))))) .)) (TOP (S (NP-SBJ Judge Curry) (VP (VP ordered (NP-1 the refunds) (S (NP-SBJ *-1) (VP to (VP begin (NP-TMP Feb. 1))))) and (VP said (SBAR that (S (NP-SBJ he) (VP would n't (VP entertain (NP (NP any appeals) or (NP (NP other attempts (S (NP-SBJ *) (VP to (VP block (NP his order))))) (PP by (NP Commonwealth Edison)))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 The refund pool) ... (VP may not (VP be (VP held (S (NP-SBJ *-1) (NP-PRD hostage)) (PP-TMP through (NP (NP another round) (PP of (NP appeals)))))))) , '' (NP-SBJ Judge Curry) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ Commonwealth Edison) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP (VP is (ADVP-TMP already) (VP appealing (NP the underlying commission order))) and (VP is (VP considering (S (NP-SBJ *-1) (VP appealing (NP (NP Judge Curry 's) order))))))))) .)) (TOP (S (NP-SBJ-16 (NP The exact amount) (PP of (NP the refund))) (VP will (VP be (VP determined (NP *-16) (NP-TMP next year) (PP based (PP on (NP (NP actual collections) (VP made (NP *) (PP-TMP until (NP (NP Dec. 31) (PP of (NP this year))))))))))) .)) (TOP (S (NP-SBJ Commonwealth Edison) (VP said (SBAR 0 (S (NP-SBJ the ruling) (VP could (VP force (S (NP-SBJ it) (VP to (VP slash (NP its 1989 earnings) (PP-EXT by (NP (NP $ 1.55 *U*) (NP-ADV a share))))))))))) .)) (TOP (S (PP For (NP 1988)) , (NP-SBJ Commonwealth Edison) (VP reported (NP (NP earnings) (PP of (NP (NP (QP $ 737.5 million) *U*) , or (NP (NP $ 3.01 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ A Commonwealth Edison spokesman) (VP said (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP tracking (PRT down) (NP (NP the (QP two million) customers) (SBAR (WHNP-20 whose addresses) (S (NP-SBJ *T*-20) (VP have (VP changed (PP-TMP during (NP the past (QP 3 1/2) years))))))))) (VP would (VP be `` (NP-PRD an administrative nightmare)))))) . '')) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Commonwealth Edison) (VP closed (PP-CLR at (NP $ 38.375 *U*)) , (ADVP down (NP 12.5 cents))) .)) (TOP (S (NP-SBJ-17 (NP The (ADJP (QP $ 2.5 billion) *U*) Byron 1 plant) (PP-LOC near (NP (NP Rockford) , (NP Ill.) ,))) (VP was (VP completed (NP *-17) (PP-TMP in (NP 1985)))) .)) (TOP (S (PP-LOC In (NP a disputed 1985 ruling)) , (NP-SBJ the Commerce Commission) (VP said (SBAR 0 (S (NP-SBJ-1 Commonwealth Edison) (VP could (VP raise (NP its electricity rates) (PP-EXT by (NP (QP $ 49 million) *U*)) (S-PRP (NP-SBJ *-1) (VP to (VP pay (PP-CLR for (NP the plant)))))))))) .)) (TOP (S But (NP-SBJ state courts) (VP (VP upheld (NP (NP a challenge) (PP by (NP consumer groups)) (PP to (NP (NP the commission 's) rate increase)))) and (VP found (S (NP-SBJ the rates) (ADJP-PRD illegal)))) .)) (TOP (S (NP-SBJ The Illinois Supreme Court) (VP ordered (NP-1 the commission) (S (NP-SBJ *-1) (VP to (VP (VP audit (NP (NP Commonwealth Edison 's) construction expenses)) and (VP refund (NP any unreasonable expenses)))))) .)) (TOP (S (NP-SBJ The utility) (VP has (VP been (VP collecting (PP-PRP for (NP (NP the plant 's) construction cost)) (PP-DIR from (NP (NP its (QP 3.1 million) customers) (ADJP subject (PP to (NP a refund))))) (PP-TMP since (NP 1986))))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ the commission) (VP ruled (SBAR that (S (NP-SBJ-1 (NP (QP between $ 190 million and $ 195 million) *U*) (PP of (NP (NP the plant 's) construction cost))) (VP (VP was (ADJP-PRD unreasonable)) and (VP should (VP be (VP refunded (NP *-1) , (PP plus (NP interest))))))))) .)) (TOP (S (PP-LOC In (NP his ruling)) , (NP-SBJ Judge Curry) (VP added (NP an additional (QP $ 55 million) *U*) (PP-CLR to (NP (NP the commission 's) calculations))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ Judge Curry) (VP set (NP (NP the interest rate) (PP on (NP the refund))) (PP-CLR at (NP 9 %))) .)) (TOP (S (NP-SBJ Commonwealth Edison) (ADVP-TMP now) (VP faces (NP (NP an additional court-ordered refund) (PP on (NP its summer/winter rate differential collections)) (SBAR (WHNP-1 that) (S (NP-SBJ the Illinois Appellate Court) (VP has (VP estimated (NP *T*-1) (PP-CLR at (NP (QP $ 140 million) *U*)))))))) .)) (TOP (S And (NP-SBJ consumer groups) (VP hope (SBAR that (S (NP-SBJ (NP Judge Curry 's) Byron 1 order) (VP may (VP set (NP (NP a precedent) (PP for (NP a second nuclear rate case)) (VP involving (NP (NP Commonwealth Edison 's) Braidwood 2 plant)))))))) .)) (TOP (S (NP-SBJ Commonwealth Edison) (VP is (VP seeking (NP (NP (QP about $ 245 million) *U*) (PP in (NP rate increases)) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP pay (PP-CLR for (NP Braidwood 2))))))))) .)) (TOP (S (NP-SBJ-1 The commission) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP rule (PP-CLR on (NP the Braidwood 2 case)) (PP-TMP by (NP year end))))))) .)) (TOP (S (NP-TMP Last year) (NP-SBJ-1 Commonwealth Edison) (VP had (S (NP-SBJ *-1) (VP to (VP refund (NP (QP $ 72.7 million) *U*) (PP-PRP for (NP (NP poor performance) (PP of (NP its LaSalle I nuclear plant)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Japan 's) domestic sales) (PP of (NP cars , trucks and buses)) (PP-TMP in (NP October))) (VP rose (NP-EXT 18 %) (PP-DIR from (ADVP-TMP (NP a year) earlier)) (PP-DIR to (NP (NP 500,004 units) , (NP (NP a record) (PP for (NP the month))))))) , (NP-SBJ (NP the Japan Automobile Dealers ') Association) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The strong growth) (VP followed (NP (NP year-to-year increases) (PP of (NP (NP (NP 21 %) (PP-TMP in (NP August))) and (NP (NP 12 %) (PP-TMP in (NP September))))))) .)) (TOP (S (NP-SBJ The monthly sales) (VP have (VP been (VP setting (NP records) (NP-TMP (NP every month) (PP since (NP March)))))) .)) (TOP (S (NP-SBJ (NP October sales) , (VP compared (NP *) (PP-CLR with (NP the previous month))) ,) (VP inched (ADVP-DIR down (NP 0.4 %))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP passenger cars))) (VP grew (NP-EXT 22 %) (PP-DIR from (ADVP-TMP (NP a year) earlier)) (PP-DIR to (NP 361,376 units))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP medium-sized cars)) , (SBAR (WHNP-21 which) (S (NP-SBJ *T*-21) (VP benefited (PP-CLR from (NP (NP price reductions) (VP arising (PP-DIR from (NP (NP introduction) (PP of (NP the consumption tax)))))))))) ,) (VP (ADVP more than) doubled (PP-DIR to (NP 30,841 units)) (PP-DIR from (NP 13,056) (PP-TMP in (NP October 1988)))) .)) (TOP (S (NP-SBJ (NP Texas Instruments Japan Ltd.) , (NP (NP a unit) (PP of (NP Texas Instruments Inc.))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP opened (NP (NP a plant) (SBAR *ICH*-3)) (PP-LOC in (NP South Korea)) (SBAR-3 (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP manufacture (NP control devices))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 (NP The new plant) , (VP located (NP *) (PP-LOC-CLR in (NP (NP Chinchon) (PP-LOC (NP-ADV (QP about 60) miles) from (NP Seoul))))) ,) (VP will (VP help (S (NP-SBJ *-2) (VP meet (NP (NP (ADJP increasing and diversifying) demand) (PP for (NP control products)) (PP-LOC in (NP South Korea)))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The plant) (VP will (VP produce (NP (NP control devices) (VP used (NP *) (PP-LOC in (NP (NP motor vehicles) and (NP household appliances))))))) .)) (TOP (S (NP-SBJ-1 (NP The survival) (PP of (NP spinoff Cray Computer Corp.)) (PP as (NP (NP a fledgling) (PP-LOC in (NP the supercomputer business))))) (VP appears (S (NP-SBJ *-1) (VP to (VP depend (ADVP-MNR heavily) (PP-CLR on (NP (NP the creativity (PRN -- and longevity --)) (PP of (NP (NP its (NX (NX chairman) and (NX chief designer))) , (NP Seymour Cray))))))))) .)) (TOP (SINV (CONJP Not only) (SINV is (NP-SBJ-1 (NP development) (PP of (NP (NP the new company 's) initial machine))) (VP tied (NP *-1) (ADVP-MNR directly) (PP-DIR-CLR to (NP Mr. Cray)))) , (SINV (ADVP-PRD-TPC-2 so) (VP is (ADVP-PRD *T*-2)) (NP-SBJ its balance sheet)) .)) (TOP (S (NP-SBJ (NP Documents) (VP filed (NP *) (PP-CLR with (NP the Securities and Exchange Commission))) (PP on (NP the pending spinoff))) (VP disclosed (SBAR that (S (NP-SBJ Cray Research Inc.) (VP will (VP withdraw (NP (NP the (QP almost $ 100 million) *U*) (PP in (NP financing)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP is (VP providing (NP the new firm) (NP *T*-1)))))) (SBAR-ADV (SBAR if (S (NP-SBJ Mr. Cray) (VP leaves))) or (SBAR if (S (NP-SBJ-18 (NP the product-design project) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP heads (NP *T*-2))))) (VP is (VP scrapped (NP *-18))))))))))) .)) (TOP (S (NP-SBJ The documents) (ADVP also) (VP said (SBAR that (S (SBAR-ADV although (S (NP-SBJ the 64-year-old Mr. Cray) (VP has (VP been (VP working (PP-CLR on (NP the project)) (PP-TMP for (NP (QP more than six) years))))))) , (NP-SBJ the Cray-3 machine) (VP is (ADJP-PRD (NP-ADV (QP at least another) year) away (PP-DIR from (NP a (ADJP fully operational) prototype))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ there) (VP have (VP been (NP-PRD (NP no orders) (PP for (NP the Cray-3))) (ADVP-TMP so far) , (SBAR-ADV though (S (NP-SBJ the company) (VP says (SBAR 0 (S (NP-SBJ it) (VP is (VP talking (PP-CLR with (NP several prospects))))))))))) .)) (TOP (S (SBAR While (S-ADV (NP-SBJ-19 (NP many) (PP of (NP the risks))) (VP were (VP anticipated (NP *-19) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Minneapolis-based Cray Research) (ADVP-TMP first) (VP announced (NP the spinoff) (PP-TMP in (NP May)) (ADVP-TMP *T*-1)))))))) , (NP-SBJ-3 (NP the strings) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP attached (NP *T*-2) (PP-CLR to (NP the financing)))))) (VP had n't (VP been (VP made (S (NP-SBJ *-3) (ADJP-PRD public)) (PP-TMP until (NP yesterday))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP did n't (VP have (NP (NP much) (PP of (NP a choice)))))) , '' (NP-SBJ (NP (NP Cray Computer 's) chief financial officer) , (NP Gregory Barnum) ,) (VP said (S *T*-1) (PP-LOC in (NP an interview))) .)) (TOP (S `` (NP-SBJ The theory) (VP is (SBAR-PRD that (S (S (NP-SBJ Seymour) (VP is (NP-PRD (NP the chief designer) (PP of (NP the Cray-3))))) , and (S (PP without (NP him)) (NP-SBJ-20 it) (VP could not (VP be (VP completed (NP *-20)))))))) .)) (TOP (S (NP-SBJ-1 Cray Research) (VP did not (VP want (S (NP-SBJ *-1) (VP to (VP fund (NP (NP a project) (SBAR (WHNP-22 that) (S (NP-SBJ *T*-22) (VP did not (VP include (NP Seymour))))))))))) . '')) (TOP (S (NP-SBJ The documents) (ADVP also) (VP said (SBAR that (S (NP-SBJ-1 Cray Computer) (VP anticipates (S (NP-SBJ *-1) (VP needing (NP (NP (ADVP perhaps) another (QP $ 120 million) *U*) (PP in (NP financing))) (PP-TMP beginning (NP next September)))))))) .)) (TOP (S But (NP-SBJ Mr. Barnum) (VP called (S (NP-SBJ that) (NP-PRD `` a worst-case '' scenario))) .)) (TOP (S (NP-SBJ (NP The filing) (PP on (NP (NP the details) (PP of (NP the spinoff))))) (VP caused (S (NP-SBJ-1 Cray Research stock) (VP to (VP jump (NP-EXT $ 2.875 *U*) (NP-TMP yesterday) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-LOC-CLR at (NP $ 38 *U*)) (PP-LOC in (NP New York Stock Exchange composite trading))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP noted (NP-TMP yesterday) (SBAR that (S (NP-SBJ (NP Cray Research 's) decision (S (NP-SBJ *) (VP to (VP link (NP its (ADJP (QP $ 98.3 million) *U*) promissory note) (PP-CLR to (NP (NP Mr. Cray 's) presence)))))) (VP will (VP complicate (NP (NP a valuation) (PP of (NP the new company)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 It) (VP has (S (NP-SBJ-21 *-2) (VP to (VP be (VP considered (NP *-21) (PP-CLR as (NP (NP an additional risk) (PP for (NP the investor)))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Gary P. Smaby) (PP of (NP (NP Smaby Group Inc.) , (NP-LOC Minneapolis)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Cray Computer) (VP will (VP be (NP-PRD a concept stock)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (S (NP-SBJ You) either (VP believe (SBAR 0 (S (NP-SBJ Seymour) (VP can (VP do (NP it) (ADVP-TMP again))))))) or (S (NP-SBJ you) (VP do n't (VP *?*))) . '')) (TOP (S (PP Besides (NP (NP the designer 's) age)) , (NP-SBJ (NP other risk factors) (PP for (NP (NP Mr. Cray 's) new company))) (VP include (NP (NP the Cray-3 's) tricky , unproven chip technology)) .)) (TOP (S (NP-SBJ The SEC documents) (VP describe (NP-2 (NP those chips) , (SBAR (WHNP-1 which) (S (NP-SBJ-22 *T*-1) (VP are (VP made (NP *-22) (PP-CLR of (NP gallium arsenide)))))) ,) (PP-CLR as (S-NOM (NP-SBJ *-2) (VP being (ADJP-PRD (ADJP so fragile and minute) (SBAR 0 (S (NP-SBJ they) (VP will (VP require (NP special robotic handling equipment)))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the Cray-3) (VP will (VP contain (NP (NP 16 processors) (PRN -- (ADJP (ADJP twice as many) (PP as (NP the largest current supercomputer))))))) .)) (TOP (S (NP-SBJ Cray Computer) (ADVP also) (VP will (VP face (NP (NP intense competition) , (PP-DIR (ADVP not only) from (NP (NP Cray Research) , (SBAR (SBAR (WHNP-23 which) (S (NP-SBJ *T*-23) (VP has (NP (NP (QP about 60) %) (PP of (NP the world-wide supercomputer market)))))) and (SBAR (WHNP-24 which) (S (NP-SBJ-1 *T*-24) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP roll (PRT out) (NP (NP the C-90 machine) , (NP (NP a direct competitor) (PP with (NP the Cray-3))) ,) (PP-TMP in (NP 1991))))))))))))))) .)) (TOP (S (NP-SBJ The spinoff) (ADVP also) (VP will (VP compete (PP-CLR with (NP (NP International Business Machines Corp.) and (NP (NP (NP Japan 's) Big Three) -- (NP (NP Hitachi Ltd.) , (NP NEC Corp.) and (NP Fujitsu Ltd))))))) .)) (TOP (S (NP-SBJ The new company) (VP said (SBAR 0 (S (NP-SBJ it) (VP believes (SBAR 0 (S (NP-SBJ there) (VP are (NP-PRD (NP (QP fewer than 100) potential customers) (PP for (NP (NP supercomputers) (VP priced (NP *) (PP between (NP (QP $ 15 million and $ 30 million) *U*)) (PRN -- (NP presumably the Cray-3 price range))))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP terms) (PP of (NP the spinoff)))) , (NP-SBJ-1 Cray Research stockholders) (VP are (S (NP-SBJ *-1) (VP to (VP receive (NP one Cray Computer share) (PP for (NP (NP (QP every two) Cray Research shares) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP own (NP *T*-2)))))) (PP-LOC in (NP (NP a distribution) (VP expected (S (NP-SBJ *) (VP to (VP occur (PP-TMP in (NP (QP about two) weeks)))))))))))) .)) (TOP (S (NP-SBJ-23 (NP No price) (PP for (NP the new shares))) (VP has (VP been (VP set (NP *-23)))) .)) (TOP (S (ADVP Instead) , (NP-SBJ the companies) (VP will (VP leave (S (NP-SBJ it) (PP-PRD up (PP to (NP the marketplace))) (S (NP-SBJ *) (VP to (VP decide)))))) .)) (TOP (S (NP-SBJ-1 Cray Computer) (VP has (VP applied (S (NP-SBJ *-1) (VP to (VP trade (PP-LOC on (NP Nasdaq))))))) .)) (TOP (S (NP-SBJ Analysts) (VP calculate (NP (NP Cray Computer 's) initial book value) (PP-CLR at (NP (NP (QP about $ 4.75) *U*) (NP-ADV a share)))) .)) (TOP (S (PP Along (PP with (NP the note))) , (NP-SBJ Cray Research) (VP is (VP transferring (NP (NP (QP about $ 53 million) *U*) (PP in (NP (NP assets) , (NP (NP (ADVP primarily) those) (ADJP related (PP to (NP (NP the Cray-3 development) , (SBAR (WHNP-25 which) (S (NP-SBJ *T*-25) (VP has (VP been (NP-PRD (NP a drain) (PP on (NP (NP Cray Research 's) earnings)))))))))))))))) .)) (TOP (S (NP-SBJ Pro-forma balance sheets) (VP (ADVP-MNR clearly) show (SBAR-NOM (WHADVP-1 why) (S (NP-SBJ Cray Research) (VP favored (NP the spinoff) (ADVP-PRP *T*-1))))) .)) (TOP (S (PP Without (NP the Cray-3 research and development expenses)) , (NP-SBJ-2 the company) (VP would (VP have (VP been (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP report (NP (NP a profit) (PP of (NP (NP (QP $ 19.3 million) *U*) (PP *ICH*-3))) (PP for (NP (NP the first half) (PP of (NP 1989)))) (PP-3 rather than (NP (NP the (QP $ 5.9 million) *U*) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP posted (NP *T*-1)))))))))))))) .)) (TOP (S (PP On (NP the other hand)) , (SBAR-ADV (SINV had (NP-SBJ it) (VP existed (ADVP-TMP then)))) , (NP-SBJ Cray Computer) (VP would (VP have (VP incurred (NP a (ADJP (QP $ 20.5 million) *U*) loss)))) .)) (TOP (S (NP-SBJ (NP Mr. Cray) , (SBAR (WHNP-1 who) (S (NP-SBJ-24 *T*-1) (VP could n't (VP be (VP reached (NP *-24) (PP-PRP for (NP comment))))))) ,) (VP will (VP (VP work (PP-CLR for (NP the new (NAC-LOC Colorado Springs , Colo. ,) company)) (PP as (NP an independent contractor))) (PRN -- (NP (NP the arrangement) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP had (NP *T*-2)))) (PP with (NP Cray Research)))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-25) (VP Regarded (NP *-1) (PP-CLR as (NP (NP the father) (PP of (NP the supercomputer)))))) , (NP-SBJ-25 Mr. Cray) (VP was (VP paid (NP *-25) (NP $ 600,000 *U*) (PP-LOC at (NP Cray Research)) (NP-TMP last year))) .)) (TOP (S (PP-LOC At (NP Cray Computer)) , (NP-SBJ-26 he) (VP will (VP be (VP paid (NP *-26) (NP $ 240,000 *U*)))) .)) (TOP (S (PP Besides (NP Messrs. Cray and Barnum)) , (NP-SBJ (NP other senior management) (PP-LOC at (NP the company))) (VP includes (NP (NP (NP Neil Davenport) , (NP 47) , (NP (NP president) and (NP chief executive officer))) ; (NP (NP Joseph M. Blanchard) , (NP 37) , (NP (NP vice president) , (NP engineering))) ; (NP (NP Malcolm A. Hammerton) , (NP 40) , (NP (NP vice president) , (NP software))) ; and (NP (NP Douglas R. Wheeland) , (NP 45) , (NP (NP vice president) , (NP hardware))))) .)) (TOP (S (NP-SBJ All) (VP came (PP-DIR from (NP Cray Research))) .)) (TOP (S (NP-SBJ (NP Cray Computer) , (SBAR (WHNP-26 which) (S (NP-SBJ *T*-26) (ADVP-TMP currently) (VP employs (NP 241 people)))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (NP (NP a work force) (PP of (NP 450))) (PP-TMP by (NP (NP the end) (PP of (NP 1990)))))))) .)) (TOP (S (NP-SBJ-27 (NP John R. Stevens) , (ADJP (NP 49 years) old) ,) (VP was (VP named (S (NP-SBJ *-27) (NP-PRD (NP (NP senior executive vice president) and (NP chief operating officer)) , (NP both new positions))))) .)) (TOP (S (NP-SBJ-1 He) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP report (PP-CLR to (NP (NP Donald Pardus) , (NP (NP president) and (NP chief executive officer))))))))) .)) (TOP (S (NP-SBJ Mr. Stevens) (VP was (NP-PRD (NP executive vice president) (PP of (NP this electric-utility holding company)))) .)) (TOP (S (NP-SBJ-28 (NP Arthur A. Hatch) , (NP 59) ,) (VP was (VP named (S (NP-SBJ *-28) (NP-PRD (NP executive vice president) (PP of (NP the company)))))) .)) (TOP (S (NP-SBJ He) (VP was (ADVP-TMP previously) (NP-PRD (NP president) (PP of (NP (NP the company 's) Eastern Edison Co. unit)))) .)) (TOP (S (NP-SBJ-1 (NP John D. Carney) , (NP 45) ,) (VP was (VP named (S (NP-SBJ *-1) (VP to (VP succeed (NP Mr. Hatch) (PP-CLR as (NP (NP president) (PP of (NP Eastern Edison))))))))) .)) (TOP (S (ADVP-TMP Previously) (NP-SBJ he) (VP was (NP-PRD (NP vice president) (PP of (NP Eastern Edison)))) .)) (TOP (S (NP-SBJ-29 (NP Robert P. Tassinari) , (NP 63) ,) (VP was (VP named (S (NP-SBJ *-29) (NP-PRD (NP senior vice president) (PP of (NP Eastern Utilities)))))) .)) (TOP (S (NP-SBJ He) (VP was (ADVP-TMP previously) (NP-PRD vice president)) .)) (TOP (S (NP-SBJ-1 The U.S.) , (S-ADV (NP-SBJ *-1) (VP claiming (NP (NP some success) (PP-LOC in (NP its trade diplomacy))))) , (VP removed (NP (NP South Korea) , (NP Taiwan) and (NP Saudi Arabia)) (PP-CLR from (NP (NP a list) (PP of (NP (NP countries) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP is (VP (ADVP-MNR closely) watching (NP *T*-2) (PP-CLR for (S-NOM (NP-SBJ-3 *) (VP (ADVP allegedly) failing (S (NP-SBJ *-3) (VP to (VP honor (NP U.S. (NX (NX patents) , (NX copyrights) and (NX other intellectual-property rights)))))))))))))))))) .)) (TOP (S (S-TPC-1 (ADVP However) , (NP-SBJ (NP five other countries) -- (NP China , Thailand , India , Brazil and Mexico) --) (VP will (VP remain (PP-LOC-PRD on (NP that so-called priority watch list)) (PP-PRP as (NP (NP a result) (PP of (NP an interim review))))))) , (NP-SBJ U.S. Trade Representative Carla Hills) (VP announced (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC Under (NP the new U.S. trade law)) , (NP-SBJ those countries) (VP could (VP face (NP (NP accelerated unfair-trade investigations) and (NP stiff trade sanctions)) (SBAR-ADV if (S (NP-SBJ they) (VP do n't (VP improve (NP (NP their protection) (PP of (NP intellectual property))) (PP-TMP by (NP next spring)))))))) .)) (TOP (S (NP-SBJ Mrs. Hills) (VP said (SBAR 0 (S (NP-SBJ (NP many) (PP of (NP (NP the 25 countries) (SBAR (WHNP-1 that) (S (NP-SBJ she) (VP placed (NP *T*-1) (PP-DIR-CLR under (NP (NP varying degrees) (PP of (NP scrutiny)))))))))) (VP have (VP made `` (NP (NP genuine progress) '' (PP-LOC on (NP this touchy issue)))))))) .)) (TOP (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ there) (VP is `` (NP-PRD growing realization (SBAR *ICH*-1)) '' (PP-LOC around (NP the world)) (SBAR-1 that (S (NP-SBJ (NP denial) (PP of (NP intellectual-property rights))) (VP harms (NP (NP all trading nations) , and (ADVP particularly) (NP (NP the `` creativity and inventiveness) (PP of (NP (NP an -LCB- offending -RCB- country 's) own citizens))))))))))) . '')) (TOP (S (NP-SBJ U.S. trade negotiators) (VP argue (SBAR that (S (NP-SBJ-1 (NP countries) (PP with (NP (NP inadequate protections) (PP for (NP intellectual-property rights))))) (VP could (VP be (VP hurting (NP themselves) (PP (PP by (S-NOM (NP-SBJ *-1) (VP discouraging (NP their own scientists and authors)))) and (PP by (S-NOM (NP-SBJ *-1) (VP deterring (NP-2 U.S. high-technology firms) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP (VP investing) or (VP marketing (NP their best products)) (ADVP-LOC there)))))))))))))) .)) (TOP (S (NP-SBJ Mrs. Hills) (VP lauded (NP-1 South Korea) (PP-CLR for (S-NOM (NP-SBJ *-1) (VP creating (NP (NP an intellectual-property task force) and (NP (NP special enforcement teams) (PP of (NP (NP police officers) and (NP prosecutors))) (VP trained (S (NP-SBJ *) (VP to (VP pursue (NP movie and book pirates))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Seoul) (ADVP also) (VP has (VP instituted (NP (NP effective search-and-seizure procedures) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP aid (NP these teams) (ADVP-MNR *T*-2))))))))) , (NP-SBJ she) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-2 Taiwan) (VP has (VP improved (NP (NP its standing) (PP with (NP the U.S.))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP (VP initialing (NP a bilateral copyright agreement)) , (VP amending (NP its trademark law)) and (VP introducing (NP (NP legislation) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP protect (NP foreign movie producers) (PP-CLR from (NP (NP unauthorized showings) (PP of (NP their films)))) (ADVP-MNR *T*-1)))))))))))) .)) (TOP (S (NP-SBJ That measure) (VP could (VP compel (S (NP-SBJ (NP (NP Taipei 's) growing number) (PP of (NP small video-viewing parlors))) (VP to (VP pay (NP movie producers) (PP-PRP for (S-NOM (NP-SBJ *) (VP showing (NP their films))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 Saudi Arabia) (PRN , (PP for (NP its part)) ,) (VP has (VP vowed (S (S (NP-SBJ *-2) (VP to (VP enact (NP (NP a copyright law) (ADJP compatible (PP with (NP international standards))))))) and (S (NP-SBJ *-2) (VP to (VP apply (NP the law) (PP-CLR (PP to (NP computer software)) (CONJP as well as) (PP to (NP literary works)))))))))) , (NP-SBJ Mrs. Hills) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ These three countries) (VP are n't (PP-PRD (ADVP completely) off (NP the hook)) , (ADVP though)) .)) (TOP (S (NP-SBJ They) (VP will (VP remain (PP-LOC-PRD on (NP (NP a lower-priority list) (SBAR (WHNP-27 that) (S (NP-SBJ *T*-27) (VP includes (NP 17 other countries)))))))) .)) (TOP (S (NP-SBJ-1 (NP Those countries) (PRN -- (PP including (NP Japan , Italy , Canada , Greece and Spain)) --)) (VP (VP are (ADVP-TMP still) (PP-PRD of (NP some concern)) (PP to (NP the U.S.))) but (VP are (VP deemed (S (NP-SBJ *-1) (VP to (VP pose (NP (NP less-serious problems) (PP for (NP American patent and copyright owners)) (PP than (NP (NP those) (PP-LOC on (NP the `` priority '' list))))))))))) .)) (TOP (S (NP-SBJ (NP Gary Hoffman) , (NP (NP a Washington lawyer) (VP specializing (PP-CLR in (NP intellectual-property cases)))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the threat) (PP of (NP U.S. retaliation)) , (VP combined (NP *) (PP-CLR with (NP a growing recognition (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP protecting (NP intellectual property))) (VP is (PP-PRD in (NP (NP a country 's) own interest)))))))) ,) (VP prompted (NP (NP the improvements) (VP made (NP *) (PP by (NP-LGS (NP South Korea) , (NP Taiwan) and (NP Saudi Arabia))))))))) .)) (TOP (S `` (S-TPC-1 (SBAR-NOM-SBJ (WHNP-28 What) (S (NP-SBJ this) (VP tells (NP us) (NP *T*-28)))) (VP is (SBAR-PRD that (S (NP-SBJ U.S. trade law) (VP is (VP working)))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ Mexico) (VP could (VP be (NP-PRD (NP one) (PP of (NP (NP the next countries) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP be (VP removed (NP *-2) (PP-CLR from (NP the priority list)) (PP-PRP because of (NP its efforts (S (NP-SBJ *) (VP to (VP craft (NP a new patent law))))))))))))))))))) .)) (TOP (S (NP-SBJ Mrs. Hills) (VP said (SBAR that (S (NP-SBJ the U.S.) (VP is (ADVP-TMP still) (ADJP-PRD concerned (PP about `` (NP (NP (NP disturbing developments) (PP-LOC in (NP Turkey))) and (NP (NP continuing slow progress) (PP-LOC in (NP Malaysia)))))))))) . '')) (TOP (S (NP-SBJ She) (VP did n't (VP elaborate , (SBAR-ADV although (S (NP-SBJ earlier U.S. trade reports) (VP have (VP complained (PP-CLR of (NP (NP (NP videocassette piracy) (PP-LOC in (NP Malaysia))) and (NP (NP disregard) (PP for (NP U.S. pharmaceutical patents)) (PP-LOC in (NP Turkey))))))))))) .)) (TOP (S (NP-SBJ The 1988 trade act) (VP requires (S (NP-SBJ Mrs. Hills) (VP to (VP issue (NP (NP another review) (PP of (NP (NP the performance) (PP of (NP these countries))))) (PP-TMP by (NP April 30)))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ Mrs. Hills) (VP has n't (VP deemed (S (NP-SBJ-1 any cases) (ADJP-PRD bad enough (S (NP-SBJ *-1) (VP to (VP merit (NP an accelerated investigation))) (PP-LOC under (NP (NP the so-called special 301 provision) (PP of (NP the act))))))))) .)) (TOP (S (NP-SBJ Argentina) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP ask (NP-1 creditor banks) (S (NP-SBJ *-1) (VP to (VP halve (NP (NP (NP its foreign debt) (PP of (NP (QP $ 64 billion) *U*))) (PRN -- (NP (NP the third-highest) (PP-LOC in (NP the developing world))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The declaration) (PP by (NP Economy Minister Nestor Rapanelli))) (VP is (VP believed (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the first time) (SBAR-TMP (WHADVP-2 0) (S (NP-SBJ-3 such an action) (VP has (VP been (VP called (PP for (NP *-3)) (PP by (NP-LGS (NP an Argentine official) (PP of (NP such stature)))) (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ The Latin American nation) (VP has (VP paid (NP very little) (PP on (NP its debt)) (PP-TMP since (NP early last year)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 Argentina) (VP aspires (S (NP-SBJ *-2) (VP to (VP reach (NP (NP a reduction) (PP of (NP 50 %)) (PP-LOC in (NP (NP the value) (PP of (NP its external debt)))))))))) , '' (NP-SBJ Mr. Rapanelli) (VP said (S *T*-1) (PP-MNR through (NP (NP his spokesman) , (NP Miguel Alurralde)))) .)) (TOP (S (NP-SBJ Mr. Rapanelli) (VP met (PP-TMP in (NP August)) (PP-CLR with (NP U.S. Assistant Treasury Secretary David Mulford))) .)) (TOP (S (NP-SBJ-1 Argentine negotiator Carlos Carballo) (VP was (PP-LOC-PRD in (NP (NP Washington) and (NP New York))) (NP-TMP this week) (S-PRP (NP-SBJ *-1) (VP to (VP meet (PP-CLR with (NP banks)))))) .)) (TOP (S (NP-SBJ Mr. Rapanelli) (ADVP-TMP recently) (VP has (VP said (SBAR 0 (S (NP-SBJ (NP the government) (PP of (NP (NP President Carlos Menem) , (SBAR (WHNP-29 who) (S (NP-SBJ *T*-29) (VP took (NP office) (NP-TMP July 8)))) ,))) (VP feels (SBAR 0 (S (NP-SBJ (NP a significant reduction) (PP of (NP principal and interest))) (VP is (NP-PRD (NP the only way) (SBAR (WHADVP-1 0) (S (NP-SBJ-31 the debt problem) (VP may (VP be (VP solved (NP *-31) (ADVP-MNR *T*-1))))))))))))))) .)) (TOP (S But (NP-SBJ he) (VP has not (VP said (ADVP-TMP before) (SBAR that (S (NP-SBJ the country) (VP wants (S (NP-SBJ-2 half the debt) (VP forgiven (NP *-2)))))))) .)) (TOP (S -LRB- (PP-TMP During (NP its centennial year)) , (NP-SBJ The Wall Street Journal) (VP will (VP report (NP (NP events) (PP of (NP the past century)) (SBAR (WHNP-30 that) (S (NP-SBJ *T*-30) (VP stand (PP-CLR as (NP (NP milestones) (PP of (NP American business history)))))))))) . -RRB-)) (TOP (S (NP-SBJ-32 (NP THREE COMPUTERS) (SBAR (WHNP-31 THAT) (S (NP-SBJ *T*-31) (VP CHANGED (NP (NP the face) (PP of (NP personal computing))))))) (VP were (VP launched (NP *-32) (PP-TMP in (NP 1977)))) .)) (TOP (S (NP-TMP That year) (NP-SBJ (NP the Apple II) , (NP Commodore Pet) and (NP Tandy TRS-80)) (VP came (PP-DIR to (NP market))) .)) (TOP (S (NP-SBJ The computers) (VP were (ADJP-PRD crude) (PP by (NP (NP today 's) standards))) .)) (TOP (S (NP-SBJ-1 Apple II owners) (PRN , (PP for (NP example)) ,) (VP (VP had (S (NP-SBJ *-1) (VP to (VP use (NP their television sets) (PP-CLR as (NP screens)))))) and (VP stored (NP data) (PP-LOC on (NP audiocassettes)))) .)) (TOP (S But (NP-SBJ Apple II) (VP was (NP-PRD (NP a major advance) (PP-DIR from (NP (NP Apple I) , (SBAR (WHNP-1 which) (S (NP-SBJ-33 *T*-1) (VP was (VP built (NP *-33) (PP-LOC in (NP a garage)) (PP by (NP-LGS (NP Stephen Wozniak) and (NP Steven Jobs))) (PP-BNF for (NP (NP hobbyists) (PP such as (NP the Homebrew Computer Club)))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the Apple II) (VP was (NP-PRD an affordable $ 1,298 *U*)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADJP-PRD (ADJP Crude) (SBAR as (S (NP-SBJ they) (VP were (ADJP-PRD *?*)))))) , (NP-SBJ-1 these early PCs) (VP triggered (NP (NP explosive product development) (PP-LOC in (NP (NP desktop models) (PP for (NP the home and office)))))) .)) (TOP (S (NP-SBJ (NP Big mainframe computers) (PP for (NP business))) (VP had (VP been (ADVP-PRD-LOC around) (PP-TMP for (NP years)))) .)) (TOP (S But (NP-SBJ the new 1977 PCs) (PRN -- (PP unlike (NP (NP earlier built-from-kit types) (PP such as (NP the Altair , Sol and IMSAI)))) --) (VP (VP had (NP keyboards)) and (VP could (VP store (NP (NP (QP about two) pages) (PP of (NP data))) (PP-LOC in (NP their memories))))) .)) (TOP (S (NP-SBJ Current PCs) (VP (VP are (ADJP-PRD (QP more than 50 times) faster)) and (VP have (NP (NP memory capacity) (ADJP (ADJP (QP 500 times) greater) (PP than (NP their 1977 counterparts)))))) .)) (TOP (S (NP-SBJ There) (VP were (NP-PRD many pioneer PC contributors)) .)) (TOP (S (S (NP-SBJ (NP William Gates) and (NP Paul Allen)) (PP-TMP in (NP 1975)) (VP developed (NP (NP an early language-housekeeper system) (PP for (NP PCs))))) , and (S (NP-SBJ Gates) (VP became (NP-PRD an industry billionaire) (SBAR-TMP (NP-ADV six years) after (S (NP-SBJ IBM) (VP adapted (NP (NP one) (PP of (NP these versions))) (PP-TMP in (NP 1981))))))) .)) (TOP (S (NP-SBJ (NP Alan F. Shugart) , (NP (ADVP-TMP currently) (NP chairman) (PP of (NP Seagate Technology))) ,) (VP led (NP (NP the team) (SBAR (WHNP-32 that) (S (NP-SBJ *T*-32) (VP developed (NP (NP the disk drives) (PP for (NP PCs)))))))) .)) (TOP (S (NP-SBJ (NP (NP Dennis Hayes) and (NP Dale Heatherington)) , (NP two Atlanta engineers) ,) (VP were (NP-PRD (NP co-developers) (PP of (NP (NP the internal modems) (SBAR (WHNP-33 that) (S (NP-SBJ *T*-33) (VP allow (S (NP-SBJ PCs) (VP to (VP share (NP data) (PP-MNR via (NP the telephone)))))))))))) .)) (TOP (S (NP-SBJ (NP IBM) , (NP (NP the world leader) (PP-LOC in (NP computers))) ,) (VP did n't (VP offer (NP its first PC) (PP-TMP until (NP August 1981)) (SBAR-TMP as (S (NP-SBJ many other companies) (VP entered (NP the market)))))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ PC shipments) (ADVP-TMP annually) (VP total (NP (QP some $ 38.3 billion) *U*) (ADVP-LOC world-wide)) .)) (TOP (S (NP-SBJ (NP F.H. Faulding & Co.) , (NP an Australian pharmaceuticals company) ,) (VP said (SBAR 0 (S (NP-SBJ its Moleculon Inc. affiliate) (VP acquired (NP Kalipharma Inc.) (PP-CLR for (NP (QP $ 23 million) *U*)))))) .)) (TOP (S (NP-SBJ Kalipharma) (VP is (NP-PRD (NP a (ADJP New Jersey-based) pharmaceuticals concern) (SBAR (WHNP-34 that) (S (NP-SBJ *T*-34) (VP sells (NP products) (PP-MNR under (NP the Purepac label))))))) .)) (TOP (S (NP-SBJ Faulding) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP owns (NP (NP 33 %) (PP of (NP (NP Moleculon 's) voting stock)))) and (VP has (NP an agreement (S (NP-SBJ *) (VP to (VP acquire (NP an additional 19 %)))))))))) .)) (TOP (S (NP-SBJ (NP That stake) , (PP (ADVP together) with (NP its convertible preferred stock holdings)) ,) (VP gives (NP Faulding) (NP the right (S (NP-SBJ *) (VP to (VP increase (NP its interest) (PP-DIR to (NP (NP 70 %) (PP of (NP (NP Moleculon 's) voting stock))))))))) .)) (TOP (S (NP-SBJ-34 (NP Oil production) (PP-DIR from (NP (NP Australia 's) Bass Strait fields))) (VP will (VP be (VP raised (NP *-34) (PP-EXT by (NP (NP 11,000 barrels) (NP-ADV a day))) (PP-DIR to (NP (QP about 321,000) barrels)) (PP with (NP (NP the launch) (PP of (NP (NP the Whiting field) , (NP (NP the first) (PP of (NP (NP five small fields) (VP scheduled (S (NP-SBJ-35 *) (VP to (VP be (VP brought (NP *-35) (PP-CLR into (NP production)) (PP-TMP before (NP (NP the end) (PP of (NP 1990))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Esso Australia Ltd.) , (NP (NP a unit) (PP of (NP (ADJP New York-based) Exxon Corp.))) ,) and (NP Broken Hill Pty.)) (VP operate (NP the fields) (PP in (NP a joint venture))) .)) (TOP (S (NP-SBJ Esso) (VP said (SBAR 0 (S (NP-SBJ the Whiting field) (VP started (NP production) (NP-TMP Tuesday))))) .)) (TOP (S (NP-SBJ-1 Output) (VP will (VP be (VP (ADVP-MNR gradually) increased (NP *-1) (SBAR-TMP until (S (NP-SBJ it) (VP reaches (NP (NP (QP about 11,000) barrels) (NP-ADV a day)))))))) .)) (TOP (S (NP-SBJ The field) (VP has (NP (NP reserves) (PP of (NP (QP 21 million) barrels)))) .)) (TOP (S (NP-SBJ (NP Reserves) (PP for (NP the five new fields))) (VP total (NP (QP 50 million) barrels)) .)) (TOP (S (S (NP-SBJ-3 The Perch and Dolphin fields) (VP are (VP expected (S (NP-SBJ-1 *-3) (VP to (VP start (S (NP-SBJ *-1) (VP producing (NP-TMP-2 early next year))))))))) , and (S (NP-SBJ=3 the Seahorse and Tarwhine fields) (NP-TMP=2 later next year)) .)) (TOP (S (NP-SBJ Esso) (VP said (SBAR 0 (S (NP-SBJ-36 the fields) (VP were (VP developed (NP *-36) (SBAR-TMP after (S (NP-SBJ-2 the Australian government) (VP decided (PP-TMP in (NP 1987)) (S (NP-SBJ *-2) (VP to (VP make (NP the first (QP 30 million) barrels) (PP-MNR from (NP (NP new fields) (ADJP free (PP of (NP excise tax)))))))))))))))) .)) (TOP (S (NP-SBJ R.P. Scherer Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP the (ADJP (QP $ 10.2 million) *U*) sale) (PP of (NP its Southern Optical subsidiary)) (PP to (NP (NP a group) (VP led (NP *) (PP by (NP-LGS (NP (NP (NP the unit 's) president) , (NP Thomas R. Sloan) ,) and (NP other managers))))))))))) .)) (TOP (S (PP-TMP Following (NP (NP the acquisition) (PP of (NP R.P. Scherer)) (PP by (NP (NP a buy-out group) (VP led (NP *) (PP by (NP-LGS Shearson Lehman Hutton))))) (NP-TMP earlier this year))) , (NP-SBJ-1 (NP the maker) (PP of (NP gelatin capsules))) (VP decided (S (NP-SBJ *-1) (VP to (VP divest (NP itself) (PP-CLR of (NP (NP certain) (PP of (NP its non-encapsulating businesses)))))))) .)) (TOP (S (NP-SBJ (NP The sale) (PP of (NP Southern Optical))) (VP is (NP-PRD (NP a part) (PP of (NP the program)))) .)) (TOP (S (NP-SBJ The White House) (VP said (SBAR 0 (S (NP-SBJ President Bush) (VP has (VP approved (NP (NP duty-free treatment) (PP for (NP (NP imports) (PP of (NP (NP certain types) (PP of (NP watches)) (SBAR (WHNP-35 that) (S (NP-SBJ-1 *T*-35) (VP are n't (VP produced (NP *-1) (PP-MNR in `` (NP significant quantities) '') (PP-LOC in (NP (NP the U.S.) , (NP the Virgin Islands) and (NP other U.S. possessions))))))))))))))))) .)) (TOP (S (NP-SBJ The action) (VP came (PP-PRP in (NP (NP response) (PP to (NP (NP a petition) (VP filed (NP *) (PP by (NP-LGS Timex Inc.))) (PP for (NP (NP changes) (PP-LOC in (NP (NP the U.S. Generalized System) (PP of (NP Preferences)) (PP for (NP (NP imports) (PP-DIR from (NP developing nations))))))))))))) .)) (TOP (S (ADVP-TMP Previously) , (NP-SBJ-37 watch imports) (VP were (VP denied (NP *-37) (NP such duty-free treatment))) .)) (TOP (S (NP-SBJ Timex) (VP had (VP requested (NP (NP duty-free treatment) (PP for (NP (NP many types) (PP of (NP watches)) , (VP covered (NP *) (PP by (NP-LGS 58 different U.S. tariff classifications)))))))) .)) (TOP (S (NP-SBJ The White House) (VP said (SBAR 0 (S (NP-SBJ-1 Mr. Bush) (VP (VP decided (S (NP-SBJ *-1) (VP to (VP grant (NP (NP duty-free status) (PP for (NP 18 categories))))))) , but (VP turned (PRT down) (NP (NP such treatment) (PP for (NP (NP other types) (PP of (NP watches))))) `` (PP-PRD because of (NP (NP the potential) (PP for (NP (NP material injury) (PP to (NP (NP watch producers) (VP located (NP *) (PP-LOC-CLR in (NP (NP the U.S.) and (NP the Virgin Islands))))))))))))))) . '')) (TOP (S (NP-SBJ Timex) (VP is (NP-PRD (NP a major U.S. producer and seller) (PP of (NP (NP watches) , (PP including (NP (NP low-priced battery-operated watches) (VP assembled (NP *) (PP-LOC in (NP (NP the Philippines) and (NP (NP other developing nations) (VP covered (NP *) (PP by (NP-LGS the U.S. tariff preferences))))))))))))) .)) (TOP (S (NP-SBJ U.S. trade officials) (VP said (SBAR 0 (S (NP-SBJ (NP the Philippines) and (NP Thailand)) (VP would (VP be (NP-PRD (NP the main beneficiaries) (PP of (NP (NP the president 's) action)))))))) .)) (TOP (S (NP-SBJ (NP Imports) (PP of (NP (NP the types) (PP of (NP watches)) (SBAR (WHNP-36 that) (S (NP-SBJ *T*-36) (ADVP-TMP now) (VP will (VP be (ADJP-PRD eligible (PP for (NP duty-free treatment)))))))))) (VP totaled (NP (NP (QP about $ 37.3 million) *U*) (NP *ICH*-1)) (PP-TMP in (NP 1988)) , (NP-1 (NP (NP a (ADJP relatively small) share) (PP of (NP (NP the (QP $ 1.5 billion) *U*) (PP-LOC in (NP U.S. watch imports)) (NP-TMP that year))))) , (PP according (PP to (NP (NP an aide) (PP to (NP U.S. Trade Representative Carla Hills)))))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ (NP (NP Magna International Inc. 's) chief financial officer) , (NP James McAlpine) ,) (VP resigned)) and (S (NP-SBJ-1 (NP its chairman) , (NP Frank Stronach) ,) (VP is (VP stepping (ADVP-CLR in) (S-PRP (NP-SBJ *-1) (VP to (VP help (VP turn (NP the automotive-parts manufacturer) (ADVP-CLR around))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-2 (NP-SBJ Mr. Stronach) (VP will (VP direct (NP an effort (S (NP-SBJ *) (VP to (VP (VP reduce (NP overhead)) and (VP curb (NP capital spending)))))) `` (SBAR-TMP until (S (NP-SBJ-1 (NP a (ADJP more satisfactory) level) (PP of (NP profit))) (VP is (VP achieved and maintained (NP *-1)))))))) , '' (NP-SBJ Magna) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Stephen Akerfeldt) , (NP (ADVP-TMP currently) vice president finance) ,) (VP will (VP succeed (NP Mr. McAlpine))) .)) (TOP (S (NP-SBJ An ambitious expansion) (VP has (VP left (S (NP-SBJ Magna) (PP-PRD with (NP (NP excess capacity) and (NP a heavy debt load)))) (SBAR-TMP as (S (NP-SBJ the automotive industry) (VP enters (NP a downturn)))))) .)) (TOP (S (NP-SBJ The company) (VP has (VP reported (NP (NP declines) (PP-LOC in (NP operating profit))) (PP-TMP in (NP (NP each) (PP of (NP the past three years)))) , (PP despite (NP steady sales growth)))) .)) (TOP (S (S (NP-SBJ Magna) (ADVP-TMP recently) (VP cut (NP its quarterly dividend) (PP-CLR in (NP half)))) and (S (NP-SBJ (NP the company 's) Class A shares) (VP are (VP wallowing (PP-LOC (ADVP far) below (NP (NP their 52-week high) (PP of (NP (NP 16.125 Canadian dollars) (PRN -LRB- (NP US$ 13.73 *U*) -RRB-)))))))) .)) (TOP (S (PP-LOC On (NP the Toronto Stock Exchange)) (NP-TMP yesterday) , (NP-SBJ Magna shares) (VP closed (ADVP-CLR up (NP 37.5 Canadian cents) (PP to (NP C$ 9.625 *U*)))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Stronach) , (NP (NP founder and controlling shareholder) (PP of (NP Magna))) ,) (VP resigned (PP-CLR as (NP chief executive officer)) (NP-TMP last year) (S-PRP (NP-SBJ *-1) (VP to (VP seek , (ADVP-MNR unsuccessfully) , (NP (NP a seat) (PP-LOC in (NP (NP Canada 's) Parliament))))))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ-1 Mr. Stronach) (VP wants (S (NP-SBJ *-1) (VP to (VP resume (NP (NP a (ADJP more influential) role) (PP-LOC in (S-NOM (NP-SBJ *) (VP running (NP the company)))))))))))) .)) (TOP (S (NP-SBJ They) (VP expect (S (NP-SBJ him) (VP to (VP cut (NP costs) (PP-LOC throughout (NP the organization)))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 Mr. Stronach) (VP will (VP (ADVP-MNR personally) direct (NP the restructuring) , (S-ADV (NP-SBJ-2 *-1) (VP assisted (NP *-2) (PP by (NP-LGS (NP Manfred Gingl) , (NP (NP president) and (NP chief executive))))))))))) .)) (TOP (S (NP-SBJ-38 Neither (NP they) nor (NP Mr. McAlpine)) (VP could (VP be (VP reached (NP *-38) (PP-PRP for (NP comment))))) .)) (TOP (S (NP-SBJ Magna) (VP said (SBAR 0 (S (NP-SBJ-1 Mr. McAlpine) (VP resigned (S-PRP (NP-SBJ *-1) (VP to (VP pursue (NP a consulting career) , (SBAR-ADV with (S (NP-SBJ Magna) (PP-PRD as (NP (NP one) (PP of (NP his clients))))))))))))) .)) (TOP (S (NP-SBJ-39 (NP Lord Chilver) , (NP (NP 63-year-old chairman) (PP of (NP English China Clays PLC))) ,) (VP was (VP named (S (NP-SBJ *-39) (NP-PRD (NP a nonexecutive director) (PP of (NP this British chemical company)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Japanese investors) (VP (ADVP-MNR nearly single-handedly) bought (PRT up) (NP (NP two new mortgage securities-based mutual funds) (VP totaling (NP (QP $ 701 million) *U*))))) , (NP-SBJ the U.S. Federal National Mortgage Association) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ The purchases) (VP show (NP (NP the strong interest) (PP of (NP Japanese investors)) (PP in (NP U.S. mortgage-based instruments))))) , (NP-SBJ (NP (NP Fannie Mae 's) chairman) , (NP David O. Maxwell) ,) (VP said (SBAR 0 (S *T*-1)) (PP-LOC at (NP a news conference))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-40 (NP (QP more than 90) %) (PP of (NP the funds))) (VP were (VP placed (NP *-40) (PP-CLR with (NP Japanese institutional investors))))))) .)) (TOP (S (NP-SBJ The rest) (VP went (PP-DIR to (NP (NP investors) (PP-DIR from (NP (NP France) and (NP Hong Kong)))))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ Japanese investors) (VP snapped (PRT up) (NP a similar , (ADJP (QP $ 570 million) *U*) mortgage-backed securities mutual fund)) .)) (TOP (S (NP-SBJ-41 That fund) (VP was (VP put (NP *-41) (PRT together) (PP by (NP-LGS (NP Blackstone Group) , (NP a New York investment bank))))) .)) (TOP (S (NP-SBJ-42 The latest two funds) (VP were (VP assembled (NP *-42) (ADVP-MNR jointly) (PP by (NP-LGS (NP (NP Goldman , Sachs & Co.) (PP of (NP the U.S.))) and (NP (NP Japan 's) Daiwa Securities Co))))) .)) (TOP (S (NP-SBJ (NP The new , seven-year funds) (PRN -- (NP (NP (NP one) (VP offering (NP a fixed-rate return))) and (NP (NP the other) (PP with (NP (NP a floating-rate return) (VP linked (NP *) (PP-CLR to (NP the London interbank offered rate))))))) --)) (VP offer (NP two key advantages) (PP-CLR to (NP Japanese investors))) .)) (TOP (S (S (ADVP First) , (NP-SBJ-1 they) (VP are (VP designed (S-CLR (NP-SBJ *-1) (VP to (VP eliminate (NP (NP the risk) (PP of (NP prepayment))))))))) -- (S (S (NP-SBJ-43 mortgage-backed securities) (VP can (VP be (VP retired (NP *-43) (ADVP-TMP early) (SBAR-ADV if (S (NP-SBJ interest rates) (VP decline))))))) , and (S (NP-SBJ such prepayment) (VP forces (S (NP-SBJ investors) (VP to (VP redeploy (NP their money) (PP-CLR at (NP lower rates)))))))) .)) (TOP (S (ADVP Second) , (NP-SBJ-1 they) (VP channel (NP monthly mortgage payments) (PP-CLR into (NP semiannual payments)) , (S-ADV (NP-SBJ *-1) (VP reducing (NP (NP the administrative burden) (PP-LOC on (NP investors)))))) .)) (TOP (S-1 (PP-MNR By (S-NOM (NP-SBJ *) (VP addressing (NP those problems)))) (PRN , (NP-SBJ Mr. Maxwell) (VP said (SBAR 0 (S *T*-1))) ,) (NP-SBJ the new funds) (VP have (VP become `` (ADJP-PRD extremely attractive (PP to (NP (NP Japanese and other investors) (PP-LOC outside (NP the U.S))))))) . '')) (TOP (S (S (NP-SBJ Such devices) (VP have (VP boosted (NP (NP Japanese investment) (PP in (NP mortgage-backed securities))) (PP-DIR to (NP (NP (QP more than 1) %) (PP of (NP (NP the (QP $ 900 billion) *U*) (PP-LOC in (NP such instruments)) (ADJP outstanding)))))))) , and (S (NP-SBJ their purchases) (VP are (VP growing (PP-MNR at (NP a rapid rate))))) .)) (TOP (S (NP-SBJ-2 They) (ADVP also) (VP have (VP become (NP-PRD (NP large purchasers) (PP of (NP (NP Fannie Mae 's) corporate debt))) , (S-ADV (NP-SBJ *-2) (VP buying (NP (NP (QP $ 2.4 billion) *U*) (PP in (NP Fannie Mae bonds))) (PP-TMP during (NP (NP the first nine months) (PP of (NP the year)))) (PRN , or (NP (NP (QP almost a tenth)) (PP of (NP (NP the total amount) (VP issued (NP *)))))))))) .)) (TOP (S (NP-SBJ-44 (NP James L. Pate) , (NP 54-year-old executive vice president) ,) (VP was (VP named (S (NP-SBJ *-44) (NP-PRD (NP a director) (PP of (NP this oil concern)))) , (S-ADV (NP-SBJ *) (VP expanding (NP the board) (PP-CLR to (NP 14 members)))))) .)) (TOP (S (NP-SBJ LTV Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 a federal bankruptcy court judge) (VP agreed (S (NP-SBJ *-1) (VP to (VP extend (PP-TMP until (NP (NP March 8) , (NP 1990))) , (NP (NP the period) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ the steel , aerospace and energy products company) (VP has (NP the exclusive right (S (NP-SBJ *) (VP to (VP file (NP a reorganization plan))))) (PP-TMP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ The company) (VP is (VP operating (PP-LOC under (NP (NP Chapter 11) (PP of (NP (NP the federal Bankruptcy Code))))) , (S-ADV (NP-SBJ *) (VP giving (NP it) (NP (NP court protection) (PP from (NP (NP creditors ') lawsuits))) (SBAR-TMP while (S (NP-SBJ-1 it) (VP attempts (S (NP-SBJ *-1) (VP to (VP work (PRT out) (NP a plan (S (NP-SBJ *) (VP to (VP pay (NP its debts))))))))))))))) .)) (TOP (S (NP-SBJ Italian chemical giant Montedison S.p.A.) (PRN , (PP through (NP its Montedison Acquisition N.V. indirect unit)) ,) (VP began (NP (NP its (ADJP $ 37-a-share *U*) tender offer) (PP for (NP (NP all the common shares) (ADJP outstanding) (PP of (NP (NP Erbamont N.V.) , (NP (NP a maker) (PP of (NP pharmaceuticals)) (VP incorporated (NP *) (PP-LOC-CLR in (NP the Netherlands)))))))))) .)) (TOP (S (NP-SBJ-1 (NP The offer) , (VP advertised (NP *) (PP-LOC in (NP (NP (NP today 's) editions) (PP of (NP The Wall Street Journal))))) ,) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP expire (PP-TMP at (NP (NP the end) (PP of (NP November))))))))) .)) (TOP (S (NP-SBJ Montedison) (ADVP-TMP currently) (VP owns (NP (NP (QP about 72) %) (PP of (NP (NP (NP Erbamont 's) common shares) (ADJP outstanding))))) .)) (TOP (S (NP-SBJ-45 The offer) (VP is (VP being (VP launched (NP *-45) (ADVP-MNR pursuant (PP to (NP (NP a (ADJP (ADVP-TMP previously) announced) agreement) (PP-LOC between (NP the companies)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP (NP Japan 's) reserves) (PP of (NP (NP gold) , (NP convertible foreign currencies) , and (NP special drawing rights)))) (VP fell (PP-EXT by (NP a hefty (QP $ 1.82 billion) *U*)) (PP-TMP in (NP October)) (PP-DIR to (NP (QP $ 84.29 billion) *U*)))) , (NP-SBJ the Finance Ministry) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The total) (VP marks (NP the sixth consecutive monthly decline)) .)) (TOP (S (NP-SBJ The protracted downturn) (VP reflects (NP (NP the intensity) (PP of (NP (NAC Bank (PP of (NP Japan))) yen-support intervention)) (PP-TMP since (NP (NP June) , (SBAR (WHADVP-1 when) (S (NP-SBJ the U.S. currency) (VP (ADVP temporarily) surged (PP-DIR above (NP the (ADJP 150.00 yen) level)) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ The announcement) (VP follows (NP (NP a sharper (ADJP (QP $ 2.2 billion) *U*) decline) (PP-LOC in (NP (NP the country 's) foreign reserves)) (PP-TMP in (NP September)) (PP to (NP (QP $ 86.12 billion) *U*)))) .)) (TOP (S (NP-SBJ *) (VP Pick (NP (NP a country) , (NP any country))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP (NP the latest investment craze) (VP sweeping (NP Wall Street))) : (NP (NP a rash) (PP of (NP (NP new closed-end country funds) , (NP (NP those (ADJP publicly traded) portfolios) (SBAR (WHNP-37 that) (S (NP-SBJ *T*-37) (VP invest (PP-CLR in (NP (NP stocks) (PP of (NP a single foreign country))))))))))))) .)) (TOP (S (NP-SBJ-2 (NP (QP No fewer than 24) country funds) (NP *ICH*-1)) (VP have (VP been (VP (VP launched (NP *-2)) or (VP registered (NP *-2) (PP-CLR with (NP regulators))) (NP-TMP this year) (PRN , (NP-1 (NP (QP triple) the level) (PP of (NP (NP all) (PP of (NP 1988))))) ,) (PP according (PP to (NP (NP Charles E. Simon & Co.) , (NP a Washington-based research firm))))))) .)) (TOP (S (NP-SBJ The turf) (ADVP-TMP recently) (VP has (VP ranged (PP-CLR (PP from (NP Chile)) (PP to (NP Austria)) (PP to (NP Portugal))))) .)) (TOP (S (NP-TMP Next week) , (NP-SBJ-46 (NP the Philippine Fund 's) launch) (VP will (VP be (VP capped (NP *-46) (PP by (NP-LGS (NP (NP a visit) (PP by (NP Philippine President Corazon Aquino))) (PRN -- (NP (NP the first time) (SBAR (WHADVP-1 0) (S (NP-SBJ (NP a head) (PP of (NP state))) (VP has (VP kicked (PRT off) (NP an issue) (PP-LOC at (NP the Big Board)) (ADVP-LOC here) (ADVP-TMP *T*-1)))))))))))) .)) (TOP (FRAG (NP The next province) ?)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ Anything) (VP 's (ADJP-PRD possible))) -- (SBARQ how about (FRAG (NP the New Guinea Fund)) ?)) '' (VP quips (S *T*-1)) (NP-SBJ (NP George Foot) , (NP (NP a managing partner) (PP-LOC at (NP (NP Newgate Management Associates) (PP of (NP (NP Northampton) , (NP Mass))))))) .)) (TOP (S-2 (NP-SBJ (NP The recent explosion) (PP of (NP country funds))) (VP mirrors (NP (NP (NP the `` closed-end fund mania '') (PP of (NP the 1920s))) (PRN , (S (NP-SBJ Mr. Foot) (VP says (SBAR 0 (S *T*-2)))) ,) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (ADJP narrowly focused) funds) (VP grew (ADJP-PRD wildly popular) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ They) (VP fell (PP-CLR into (NP oblivion)) (PP-TMP after (NP the 1929 crash))) .)) (TOP (S (PP Unlike (NP traditional open-end mutual funds)) , (NP-SBJ-1 (NP most) (PP of (NP these one-country portfolios))) (VP are (NP-PRD the `` closed-end '' type) , (S-ADV (NP-SBJ *-1) (VP issuing (NP (NP a fixed number) (PP of (NP shares)) (SBAR (WHNP-38 that) (S (NP-SBJ *T*-38) (VP trade (ADVP-MNR publicly)))))))) .)) (TOP (S (NP-SBJ The surge) (VP brings (PP-CLR to (NP nearly 50)) (NP (NP the number) (PP of (NP (NP country funds) (SBAR (WHNP-39 that) (S (NP-SBJ-2 *T*-39) (VP (VP are (VP *RNR*-1)) or (VP (ADVP-TMP soon) will (VP be (VP *RNR*-1))) (VP-1 listed (NP *-2) (PP-LOC in (NP (NP New York) or (NP London))))))))))) .)) (TOP (S (NP-SBJ These funds) (ADVP-TMP now) (VP account (PP-CLR for (NP (NP (NP (QP several billions)) (PP of (NP dollars))) (PP in (NP assets))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 People) (VP are (VP looking (S (NP-SBJ *-1) (VP to (VP stake (NP their claims)))) '' (ADVP-TMP now) (SBAR-TMP before (S (NP-SBJ (NP the number) (PP of (NP available nations))) (VP runs (PRT out)))))) ,) (VP says (S *T*-2)) (NP-SBJ (NP Michael Porter) , (NP (NP an analyst) (PP-LOC at (NP (NP Smith Barney , Harris Upham & Co.) , (NP New York))))) .)) (TOP (SINV (PP-LOC-TPC-1 Behind (NP all the hoopla)) (VP is (PP-LOC-PRD *T*-1)) (NP-SBJ some heavy-duty competition) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ individual investors) (VP have (VP turned (ADVP-DIR away (PP from (NP the stock market))) (PP-TMP over (NP the years)))))) , (NP-SBJ-1 securities firms) (VP have (VP scrambled (S (NP-SBJ *-1) (VP to (VP find (NP (NP new products) (SBAR (WHNP-40 that) (S (NP-SBJ brokers) (VP find (S (NP-SBJ *T*-40) (ADJP-PRD easy (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP sell (NP *T*-2)))))))))))))))) .)) (TOP (S And (NP-SBJ-1 the firms) (VP are (VP stretching (NP their nets) (ADVP-DIR far and wide) (S-PRP (NP-SBJ *-1) (VP to (VP do (NP it)))))) .)) (TOP (S (NP-SBJ Financial planners) (ADVP-TMP often) (VP urge (NP-1 investors) (S (NP-SBJ *-1) (VP (VP to (VP diversify)) and (VP to (VP hold (NP (NP a smattering) (PP of (NP international securities)))))))) .)) (TOP (S And (NP-SBJ many emerging markets) (VP have (VP outpaced (NP (NP (ADJP more mature) markets) , (PP such as (NP (NP the U.S.) and (NP Japan)))))) .)) (TOP (S (NP-SBJ Country funds) (VP offer (NP (NP an easy way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP get (NP (NP a taste) (PP of (NP foreign stocks))) (PP-MNR without (NP (NP the hard research) (PP of (S-NOM (NP-SBJ *) (VP seeking (PRT out) (NP individual companies)))))) (ADVP-MNR *T*-1))))))) .)) (TOP (S But (NP-SBJ it) (VP does n't (VP take (NP much) (S-PRP-CLR (NP-SBJ-1 *) (VP to (VP get (VP burned (NP *-1))))))) .)) (TOP (S (NP-SBJ Political and currency gyrations) (VP can (VP whipsaw (NP the funds))) .)) (TOP (FRAG (NP Another concern) : (NP-SBJ-1 (NP The funds ') share prices) (VP tend (S (NP-SBJ *-1) (VP to (VP swing (ADVP (ADVP more) (PP than (NP the broader market))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the stock market) (VP dropped (NP-EXT (QP nearly 7) %) (NP-TMP Oct. 13) (ADVP-TMP *T*-1)))) (PRN , (PP for (NP instance)) ,) (S (NP-SBJ the Mexico Fund) (VP plunged (NP-EXT (QP about 18) %))) and (S (NP-SBJ the Spain Fund) (VP fell (NP-EXT 16 %))) .)) (TOP (S And (NP-SBJ-47 most country funds) (VP were (VP clobbered (NP *-47) (ADVP (ADVP more) (PP than (NP most stocks))) (PP-TMP after (NP the 1987 crash)))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-41 (WHNP What) (PP *ICH*-1)) (S (NP-SBJ *T*-41) (VP 's (ADJP-PRD so wild) (PP-1 about (NP (NP the funds ') frenzy)) (ADVP-TMP right now)))) (VP is (SBAR-PRD that (S (NP-SBJ many) (VP are (VP trading (PP-CLR at (NP (ADJP historically fat) premiums)) (PP-CLR to (NP (NP the value) (PP of (NP their underlying portfolios))))))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP trading (PP-CLR at (NP (NP an average discount) (PP of (NP (QP more than 20) %)))) (UCP-TMP (PP in (NP late 1987)) and (NP (NP part) (PP of (NP last year))))))) , (NP-SBJ-1 country funds) (ADVP-TMP currently) (VP trade (PP-CLR at (NP (NP an average premium) (PP of (NP 6 %))))) .)) (TOP (FRAG (NP The reason) : (S (NP-SBJ (NP Share prices) (PP of (NP (NP many) (PP of (NP these funds))))) (NP-TMP this year) (VP have (VP climbed (ADVP-MNR (ADVP much more sharply) (PP than (NP (NP the foreign stocks) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP hold (NP *T*-1)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ It) (VP 's (ADVP probably) (ADJP-PRD worth (S-NOM (NP-SBJ *) (VP paying (NP a premium) (PP-CLR for (NP (NP funds) (SBAR (WHNP-42 that) (S (NP-SBJ *T*-42) (VP invest (PP-CLR in (NP (NP markets) (SBAR (WHNP-43 that) (S (NP-SBJ *T*-43) (VP are (ADJP-PRD partially closed (PP to (NP foreign investors)))))) , (PP such as (NP South Korea)))))))))))))) , (NP-SBJ some specialists) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (S But (NP-SBJ some European funds) (ADVP-TMP recently) (VP have (VP skyrocketed))) ; (S (NP-SBJ Spain Fund) (VP has (VP surged (PP-DIR to (NP a startling (ADJP 120 %) premium))))) .)) (TOP (S (NP-SBJ-48 It) (VP has (VP been (VP targeted (NP *-48) (PP by (NP-LGS Japanese investors)) (PP-CLR as (NP (NP a good long-term play) (VP tied (NP *) (PP-CLR to (NP (NP 1992 's) European economic integration)))))))) .)) (TOP (S And (NP-SBJ-1 (NP several new funds) (SBAR (WHNP-44 that) (S (NP-SBJ *T*-44) (VP are n't (ADVP even) (ADJP-PRD fully invested) (ADVP-TMP yet))))) (VP have (VP jumped (S-CLR (NP-SBJ *-1) (VP to (VP trade (PP-CLR at (NP big premiums))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 I) (VP 'm (ADJP-PRD very alarmed (S (NP-SBJ *-2) (VP to (VP see (NP these rich valuations))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Smith Barney 's) Mr. Porter) .)) (TOP (S (S-TPC-1 (NP-SBJ The (ADJP newly fattened) premiums) (VP reflect (NP (NP the (ADJP increasingly global) marketing) (PP of (NP some country funds))))) , (NP-SBJ Mr. Porter) (VP suggests (SBAR 0 (S *T*-1))) .)) (TOP (S (PP Unlike (NP many U.S. investors)) , (NP-SBJ (NP (NP those) (PP-LOC in (NP Asia or Europe))) (VP seeking (NP foreign-stock exposure))) (VP may (VP be (ADJP-PRD less resistant (PP to (S-NOM (NP-SBJ *) (VP paying (NP higher prices) (PP-CLR for (NP country funds)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP may (VP be (S-PRD (NP-SBJ-2 an international viewpoint) (VP cast (NP *-2) (PP-CLR on (NP (NP the funds) (VP listed (NP *) (ADVP-LOC here))))))))) , '' (NP-SBJ Mr. Porter) (VP says (S *T*-1)) .)) (TOP (S (ADVP Nonetheless) , (NP-SBJ (NP plenty) (PP of (NP U.S. analysts and money managers))) (VP are (ADJP-PRD aghast (PP at (NP (NP the lofty trading levels) (PP of (NP some country funds)))))) .)) (TOP (S (S (NP-SBJ They) (VP argue (SBAR that (S (NP-SBJ U.S. investors) (ADVP-TMP often) (VP can (VP buy (NP (NP American depositary receipts) (PP on (NP the big stocks))) (PP-LOC in (NP many funds)))))))) ; (S (NP-SBJ these so-called ADRs) (VP represent (NP (NP (NP shares) (PP of (NP foreign companies))) (VP traded (NP *) (PP-LOC in (NP the U.S)))))) .)) (TOP (S (NP-MNR That way) (NP-SBJ-1 investors) (VP can (ADVP essentially) (VP buy (NP the funds) (PP without (S-NOM (NP-SBJ *-1) (VP paying (NP the premium)))))) .)) (TOP (S (PP For (NP (NP people) (SBAR (WHNP-45 who) (S (NP-SBJ-5 *T*-45) (VP insist (PP-CLR on (S-NOM (NP-SBJ-1 *-5) (VP jumping (ADVP-CLR in) (ADVP-TMP now) (S-PRP (NP-SBJ *-1) (VP to (VP buy (NP the funds)))))))))))) , (NP-SBJ (NP Newgate 's) Mr. Foot) (VP says : `` (S (NP-SBJ (NP The only advice) (SBAR (WHNP-2 0) (S (NP-SBJ I) (VP have (NP *T*-2)))) (PP for (NP these folks))) (VP is (SBAR-PRD that (S (NP-SBJ-4 (NP those) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP come (PP-DIR to (NP the party)) (ADVP-TMP late))))) (VP had (PRT better) (S (NP-SBJ *-4) (VP be (ADJP-PRD ready (S (NP-SBJ *-4) (VP to (VP leave (ADVP-MNR quickly))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ The U.S. and Soviet Union) (VP are (VP holding (NP (NP technical talks) (PP about (NP (NP possible repayment) (PP by (NP Moscow)) (PP of (NP (NP (QP $ 188 million) *U*) (PP in (NP (NP pre-Communist Russian debts) (VP owed (NP *) (PP-CLR to (NP the U.S. government))))))))))))) , (NP-SBJ the State Department) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-49 the debts) (VP are (VP repaid (NP *-49))))) , (NP-SBJ it) (VP could (VP clear (NP (NP the way) (SBAR (WHADVP-1 0) for (S (NP-SBJ-50 Soviet bonds) (VP to (VP be (VP sold (NP *-50) (PP-LOC in (NP the U.S)) (ADVP-MNR *T*-1))))))))) .)) (TOP (S (ADVP However) , (PP-TMP after (NP (NP two meetings) (PP with (NP the Soviets)))) , (NP-SBJ a State Department spokesman) (VP said (SBAR that (S (NP-SBJ (NP it) (S *EXP*-1)) (VP 's `` (ADJP-PRD too early) (S-1 (NP-SBJ *) (VP to (VP say '' (SBAR whether (S (NP-SBJ that) (VP will (VP happen))))))))))) .)) (TOP (S (ADJP-TMP Coincident (PP with (NP the talks))) , (NP-SBJ the State Department) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP permitted (S (NP-SBJ a Soviet bank) (VP to (VP open (NP a New York branch))))))))) .)) (TOP (S (NP-SBJ-1 (NP The branch) (PP of (NP (NP the Bank) (PP for (NP Foreign Economic Affairs))))) (VP (VP was (VP approved (NP *-1) (NP-TMP last spring))) and (VP opened (PP-TMP in (NP July)))) .)) (TOP (S But (NP-SBJ-51 (NP a Soviet bank) (ADVP-LOC here)) (VP would (VP be (VP crippled (NP *-51) (SBAR-ADV unless (S (NP-SBJ Moscow) (VP found (NP (NP a way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP settle (NP (NP the (ADJP (QP $ 188 million) *U*) debt) , (SBAR (WHNP-1 which) (S (NP-SBJ-52 *T*-1) (VP was (VP lent (NP *-52) (PP-CLR to (NP (NP the country 's) short-lived democratic Kerensky government)) (SBAR-TMP before (S (NP-SBJ the Communists) (VP seized (NP power) (PP-TMP in (NP 1917)))))))))) (ADVP-MNR *T*-2)))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP a 1934 law) , (NP (NP the Johnson Debt Default Act) (PRN , (SBAR as (S (NP-SBJ-1 *) (VP amended (NP *-1)))) ,)))) (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP 's (ADJP-PRD illegal) (SBAR-2 for (S (NP-SBJ Americans) (VP to (VP extend (NP credit) (PP-CLR to (NP (NP countries) (PP in (NP (NP default) (PP to (NP the U.S. government)))))) , (SBAR-ADV unless (S (NP-SBJ they) (VP are (NP-PRD (NP members) (PP of (NP the (NX (NX World Bank) and (NX International Monetary Fund))))))))))))) .)) (TOP (S (NP-SBJ The U.S.S.R.) (VP belongs (PP-CLR to (NP neither organization))) .)) (TOP (S (NP-SBJ Moscow) (VP has (VP settled (NP (NP pre-1917 debts) (PP with (NP other countries))) (PP-TMP in (NP recent years)) (PP-CLR at (NP (NP less) (PP than (NP face value)))))) .)) (TOP (S (NP-SBJ The State Department) (VP stressed (NP the pre-1933 debts) (PP-CLR as (NP (NP the key) (PP to (S-NOM (NP-SBJ *) (VP satisfying (NP the Johnson Act))))))) .)) (TOP (S But (NP-SBJ the Soviets) (VP might (ADVP-TMP still) (VP face (NP (NP legal obstacles) (PP to (S-NOM (NP-SBJ *) (VP raising (NP money) (PP-LOC in (NP the U.S.)))))) (SBAR-TMP until (S (NP-SBJ they) (VP settle (NP (NP (NP hundreds) (PP of (NP (NP millions) (PP of (NP dollars))))) (PP in (NP (NP additional debt) (ADJP still outstanding (PP from (NP the World War II lend-lease program))))))))))) .)) (TOP (S (PP-LOC In (NP another reflection (SBAR that (S (NP-SBJ (NP the growth) (PP of (NP the economy))) (VP is (VP leveling (ADVP-CLR off))))))) , (NP-SBJ the government) (VP said (SBAR that (S (NP-SBJ-1 (NP (NP orders) (PP for (NP manufactured goods))) and (NP (NP spending) (PP on (NP construction)))) (VP failed (S (NP-SBJ *-1) (VP to (VP rise (PP-TMP in (NP September))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP the National Association) (PP of (NP Purchasing Management))) (VP said (SBAR 0 (S (NP-SBJ its latest survey) (VP indicated (SBAR that (S (NP-SBJ the manufacturing economy) (VP contracted (PP-TMP in (NP October)) (PP-TMP for (NP the sixth consecutive month))))))))) .)) (TOP (S (NP-SBJ Its index) (VP inched (ADVP-CLR up) (PP-DIR to (NP 47.6 %) (PP-TMP in (NP October))) (PP-DIR from (NP 46 %) (PP-TMP in (NP September)))) .)) (TOP (S (NP-SBJ (NP Any reading) (PP-LOC below (NP 50 %))) (VP suggests (SBAR 0 (S (NP-SBJ the manufacturing sector) (VP is (ADVP generally) (VP declining))))) .)) (TOP (S (NP-SBJ The purchasing managers) , (ADVP however) , (ADVP also) (VP said (SBAR that (S (NP-SBJ orders) (VP turned (ADVP-CLR up) (PP-TMP in (NP October)) (PP-TMP after (NP (NP four months) (PP of (NP decline)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ Factories) (VP booked (NP (NP (NP (QP $ 236.74 billion) *U*) (PP in (NP orders))) (NP *ICH*-1)) (PP-TMP in (NP September)) , (NP-1 (NP nearly the same) (PP as (NP (NP the (QP $ 236.79 billion) *U*) (PP-TMP in (NP August))))))) , (NP-SBJ the Commerce Department) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (SBAR-ADV If (FRAG not (PP for (NP (NP a (ADJP 59.6 %) surge) (PP-LOC in (NP (NP orders) (PP for (NP capital goods)) (PP by (NP defense contractors)))))))) , (NP-SBJ factory orders) (VP would (VP have (VP fallen (NP-EXT 2.1 %)))) .)) (TOP (S (PP-LOC In (NP a separate report)) , (NP-SBJ the department) (VP said (SBAR 0 (S (NP-SBJ construction spending) (VP ran (PP-CLR at (NP (NP an annual rate) (PP of (NP (NP (QP $ 415.6 billion) *U*) , (ADJP not significantly different (PP from (NP (NP the (QP $ 415.8 billion) *U*) (VP reported (NP *) (PP for (NP August)))))))))))))) .)) (TOP (S (S (NP-SBJ Private construction spending) (VP was (ADVP-PRD down))) , but (S (NP-SBJ government building activity) (VP was (ADVP-PRD up))) .)) (TOP (S (NP-SBJ-1 (NP The figures) (PP-LOC in (NP both reports))) (VP (VP were (VP adjusted (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP remove (NP (NP the effects) (PP of (NP usual seasonal patterns)))))))) , but (VP were n't (VP adjusted (PP-PRP for (NP inflation))))) .)) (TOP (S (NP-SBJ (NP Kenneth Mayland) , (NP (NP economist) (PP for (NP (NP Society Corp.) , (NP a Cleveland bank) ,)))) (VP said (SBAR 0 (S (NP-SBJ-1 (NP demand) (PP for (NP (NP exports) (PP of (NP factory goods))))) (VP is (VP beginning (S (NP-SBJ *-1) (VP to (VP taper (ADVP-CLR off))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 (NP the drop) (PP-LOC in (NP interest rates)) (PP-TMP since (NP the spring))) (VP has (VP failed (S (NP-SBJ *-1) (VP to (VP revive (NP the residential construction industry)))))) .)) (TOP (S `` (SBARQ-TPC-1 (WHNP-46 What sector) (SQ is (NP-SBJ-2 *T*-46) (VP stepping (ADVP-DIR forward) (S-PRP (NP-SBJ *-2) (VP to (VP pick (PRT up) (NP the slack)))))) ?) '' (NP-SBJ he) (VP asked (SBARQ *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP draw (NP a blank)) . '')) (TOP (S (PP By (NP most measures)) , (NP-SBJ (NP the nation 's) industrial sector) (VP is (ADVP-TMP now) (VP growing (ADVP-MNR very slowly) -- (SBAR-ADV if (FRAG (ADVP at all))))) .)) (TOP (S (NP-SBJ Factory payrolls) (VP fell (PP-TMP in (NP September))) .)) (TOP (SINV (ADVP-PRD-TPC-1 So) (VP did (VP *?* (ADVP-PRD *T*-1))) (NP-SBJ (NP the Federal Reserve Board 's) industrial-production index) .)) (TOP (S Yet (NP-SBJ many economists) (VP are n't (VP predicting (SBAR that (S (NP-SBJ-1 the economy) (VP is (VP about (S (NP-SBJ *-1) (VP to (VP slip (PP-DIR into (NP recession))))))))))) .)) (TOP (S (NP-SBJ They) (VP cite (NP (NP a lack) (PP of (NP `` (NP imbalances) '' (SBAR (WHNP-47 that) (S (NP-SBJ *T*-47) (VP provide (NP (NP early warning signals) (PP of (NP a downturn)))))))))) .)) (TOP (S (NP-SBJ-1 Inventories) (VP are (VP (ADVP-MNR closely) watched (NP *-1) (PP-PRP for (NP such clues)) , (PP for (NP instance)))) .)) (TOP (S (NP-SBJ Economists) (VP say (SBAR 0 (S (NP-SBJ (NP a buildup) (PP-LOC in (NP inventories))) (VP can (VP provoke (NP (NP cutbacks) (PP-LOC in (NP production)) (SBAR (WHNP-48 that) (S (NP-SBJ *T*-48) (VP can (VP lead (PP-CLR to (NP a recession)))))))))))) .)) (TOP (S But (NP-SBJ (NP yesterday 's) factory orders report) (VP had (NP (NP good news) (PP-LOC on (NP that front)))) : (S (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ factory inventories) (VP (VP fell (NP-EXT 0.1 %) (PP-TMP in (NP September))) , (NP (NP the first decline) (PP-TMP since (NP February 1987)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP conforms (PP-CLR to (NP the ` soft landing ' scenario)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Elliott Platt) , (NP (NP an economist) (PP-LOC at (NP Donaldson , Lufkin & Jenrette Securities Corp)))) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP see (NP any signs (SBAR that (S (NP-SBJ inventories) (VP are (ADJP-PRD excessive))))))) . '')) (TOP (S (NP-SBJ A soft landing) (VP is (NP-PRD (NP an economic slowdown) (SBAR (WHNP-49 that) (S (NP-SBJ-1 *T*-49) (VP eases (NP inflation) (PP-MNR without (S-NOM (NP-SBJ *-1) (VP leading (PP-CLR to (NP a recession)))))))))) .)) (TOP (S (NP-SBJ The department) (VP said (SBAR 0 (S (NP-SBJ-1 (NP orders) (PP for (NP (NP nondurable goods) -- (NP (NP those) (VP intended (S (NP-SBJ *) (VP to (VP last (NP (QP fewer than three) years)))))) --))) (VP fell (NP-EXT 0.3 %) (PP-TMP in (NP September)) (PP-DIR to (NP (QP $ 109.73 billion) *U*)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP climbing (NP-EXT 0.9 %) (NP-TMP (NP the month) (ADVP before))))))))) .)) (TOP (S (NP-SBJ-1 (NP Orders) (PP for (NP durable goods))) (VP were (ADVP-PRD up (NP 0.2 %) (PP to (NP (QP $ 127.03 billion) *U*))) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP rising (NP-EXT 3.9 %) (NP-TMP (NP the month) (ADVP before)))))) .)) (TOP (S (NP-SBJ The department) (ADVP-TMP previously) (VP estimated (SBAR that (S (NP-SBJ durable-goods orders) (VP fell (NP-EXT 0.1 %) (PP-TMP in (NP September)))))) .)) (TOP (S (NP-SBJ Factory shipments) (VP fell (NP-EXT 1.6 %) (PP-DIR to (NP (QP $ 234.4 billion) *U*)) (PP-TMP after (S-NOM (NP-SBJ *) (VP rising (NP-EXT 5.4 %) (PP-TMP in (NP August)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Shipments) (VP have (VP been (ADJP-PRD relatively level) (PP-TMP since (NP January))))) , (NP-SBJ the Commerce Department) (VP noted (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-3 (NP (NP Manufacturers ') backlogs) (PP of (NP unfilled orders))) (VP rose (NP-EXT 0.5 %) (PP-TMP in (NP September)) (PP-DIR to (NP (QP $ 497.34 billion) *U*)) , (S-ADV (NP-SBJ-2 *-3) (VP helped (NP *-2) (PP by (NP-LGS (NP strength) (PP-LOC in (NP the defense capital goods sector))))))) .)) (TOP (S (PP Excluding (NP these orders)) , (NP-SBJ backlogs) (VP declined (NP-EXT 0.3 %)) .)) (TOP (S (PP-LOC In (NP its construction spending report)) , (NP-SBJ the Commerce Department) (VP said (SBAR 0 (S (NP-SBJ (NP residential construction) , (SBAR (WHNP-50 which) (S (NP-SBJ *T*-50) (VP accounts (PP-CLR for (NP (NP (QP nearly half)) (PP of (NP all construction spending))))))) ,) (VP was (ADVP-PRD off (NP 0.9 %) (PP *ICH*-3)) (PP-TMP in (NP September)) (PP-DIR-3 to (NP (NP an annual rate) (PP of (NP (QP $ 191.9 billion) *U*)))))))) .)) (TOP (S (NP-SBJ (NP David Berson) , (NP (NP economist) (PP for (NP the Mortgage Bankers Association))) ,) (VP predicted (SBAR 0 (S (NP-SBJ (NP the drop) (PP-LOC in (NP interest rates))) (ADVP-TMP eventually) (VP will (VP boost (NP (NP spending) (PP on (NP single-family homes))) (PRN , (PP but (ADVP probably) not (PP-TMP until (NP early next year))))))))) .)) (TOP (S (NP-SBJ (NP Spending) (PP on (NP private , nonresidential construction))) (VP was (ADVP-PRD off (NP 2.6 %) (PP to (NP (NP an annual rate) (PP of (NP (QP $ 99.1 billion) *U*))))) (PP with (S-NOM (NP-SBJ no sector) (VP showing (NP strength))))) .)) (TOP (S (NP-SBJ Government construction spending) (VP rose (NP-EXT 4.3 %) (PP-DIR to (NP (QP $ 88 billion) *U*))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP adjusting (PP-CLR for (NP inflation))))) , (NP-SBJ-1 the Commerce Department) (VP said (SBAR 0 (S (NP-SBJ construction spending) (VP did n't (VP change (PP-TMP in (NP September))))))) .)) (TOP (S (PP-TMP For (NP (NP the first nine months) (PP of (NP the year)))) , (NP-SBJ total construction spending) (VP ran (PP (NP-ADV (QP about 2) %) above (NP (NP last year 's) level))) .)) (TOP (S (NP-SBJ (NP The government 's) construction spending figures) (VP contrast (PP-CLR with (NP (NP a report) (VP issued (NP *) (PP-TMP (ADVP earlier) in (NP the week)) (PP by (NP-LGS (NP McGraw-Hill Inc. 's) F.W. Dodge Group)))))) .)) (TOP (S (NP-SBJ Dodge) (VP reported (NP (NP an (ADJP 8 %) increase) (PP-LOC in (NP (NP construction contracts) (VP awarded (NP *) (PP-TMP in (NP September))))))) .)) (TOP (S (S (NP-SBJ The goverment) (VP counts (NP money) (SBAR-TMP as (S (NP-SBJ-53 it) (VP is (VP spent (NP *-53))))))) ; (S (NP-SBJ Dodge) (VP counts (NP contracts) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-54 they) (VP are (VP awarded (NP *-54) (ADVP-TMP *T*-1))))))) .)) (TOP (S (S (NP-SBJ The government) (VP includes (NP (NP money) (VP spent (NP *) (PP-CLR on (NP residential renovation)))))) ; (S (NP-SBJ Dodge) (VP does n't (VP *?*))) .)) (TOP (SINV (S-TPC-2 (SBAR-ADV Although (S (NP-SBJ-1 (NP the purchasing managers ') index) (VP continues (S (NP-SBJ *-1) (VP to (VP indicate (NP a slowing economy))))))) , (NP-SBJ it) (VP is n't (VP signaling (NP an imminent recession)))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Robert Bretz) , (NP (NP (NP chairman) (PP of (NP (NP the association 's) survey committee))) and (NP (NP director) (PP of (NP materials management)) (PP-LOC at (NP (NP Pitney Bowes Inc.) , (NP-LOC (NP Stamford) , (NP Conn))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 the index) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP be (PP-PRD-LOC in (NP the (ADJP low 40 %) range)) (PP-TMP for (NP several months)) (S-PRP (NP-SBJ-55 *-1) (VP to (VP be (VP considered (S (NP-SBJ *-55) (NP-PRD (NP a forecast) (PP of (NP recession)))))))))))))))) .)) (TOP (S (NP-SBJ The report) (VP offered (NP new evidence (SBAR that (S (NP-SBJ-1 (NP (NP the nation 's) export growth)) (PRN , (SBAR-ADV though (S (NP-SBJ *-1) (ADVP-TMP still) (VP continuing))) ,) (VP may (VP be (VP slowing))))))) .)) (TOP (S (NP-SBJ (NP (NP (QP Only 19) %) (PP of (NP the purchasing managers)))) (VP reported (NP better export orders) (PP-TMP in (NP October)) , (ADVP down (PP from (NP 27 %) (PP-TMP in (NP September))))) .)) (TOP (S And (NP-SBJ (NP 8 %) (PP *ICH*-1)) (VP said (SBAR 0 (S (NP-SBJ export orders) (VP were (ADVP-PRD down) (NP-TMP last month)))) , (PP-1 compared (PP with (NP (NP 6 %) (ADVP-TMP (NP the month) before))))) .)) (TOP (S (NP-SBJ (NP The purhasing managers ') report) (ADVP also) (VP added (NP evidence (SBAR that (S (NP-SBJ inflation) (VP is (PP-LOC-PRD under (NP control))))))) .)) (TOP (S (PP-TMP For (NP the fifth consecutive month)) , (NP-SBJ purchasing managers) (VP said (SBAR 0 (S (NP-SBJ (NP prices) (PP for (NP (NP the goods) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP purchased (NP *T*-1))))))) (VP fell)))) .)) (TOP (S (NP-SBJ The decline) (VP was (ADJP-PRD (ADJP even steeper) (PP than (PP-TMP in (NP September))))) .)) (TOP (S (NP-SBJ They) (ADVP also) (VP said (SBAR that (S (NP-SBJ vendors) (VP were (VP delivering (NP goods) (ADVP-MNR (ADVP more quickly) (SBAR *ICH*-1)) (PP-TMP in (NP October)) (SBAR-1 than (S (NP-SBJ they) (VP had (VP *?* (PP-TMP for (NP (NP each) (PP of (NP the five previous months))))))))))))) .)) (TOP (S (NP-SBJ Economists) (VP consider (S (NP-SBJ that) (NP-PRD a sign (SBAR that (S (NP-SBJ inflationary pressures) (VP are (VP abating))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (S (NP-SBJ demand) (VP is (ADJP-PRD (ADJP stronger) (SBAR than (S (NP-SBJ suppliers) (VP can (VP handle))))) (ADVP-TMP *T*-1))) and (S (NP-SBJ delivery times) (VP lengthen (ADVP-TMP *T*-1))))) , (NP-SBJ-2 prices) (VP tend (S (NP-SBJ *-2) (VP to (VP rise)))) .)) (TOP (S (NP-SBJ-56 (NP The purchasing managers ') report) (VP is (VP based (NP *-56) (PP-CLR on (NP (NP data) (VP provided (NP *) (PP by (NP-LGS (QP more than 250) purchasing executives))))))) .)) (TOP (S (NP-SBJ (NP Each) (PP of (NP (NP the survey 's) indicators))) (VP gauges (NP (NP the difference) (PP between (NP (NP (NP the number) (PP of (NP purchasers)) (VP reporting (NP (NP improvement) (PP-LOC in (NP a particular area))))) and (NP (NP the number) (VP reporting (NP a worsening))))))) .)) (TOP (S (PP-TMP For (NP the first time)) , (NP-SBJ the October survey) (VP polled (NP members) (PP-CLR on (NP imports))) .)) (TOP (S (NP-SBJ It) (VP found (SBAR that (S (PP-TPC-1 of (NP (NP the 73 %) (SBAR (WHNP-51 who) (S (NP-SBJ *T*-51) (VP import))))) , (S (NP-SBJ (NP 10 %) (PP *T*-1)) (VP said (SBAR 0 (S (NP-SBJ they) (VP imported (NP more) (PP-TMP in (NP October))))))) and (S (NP-SBJ (NP 12 %) (PP *T*-1)) (VP said (SBAR 0 (S (NP-SBJ they) (VP imported (NP (NP less) (PP than (NP the previous month))))))))))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ *-1) (VP acknowledging (SBAR 0 (S (NP-SBJ (NP one month 's) figures) (VP do n't (VP prove (NP a trend)))))))) , (NP-SBJ-1 Mr. Bretz) (VP said , `` (S (NP-SBJ It) (VP does (VP lead (S (NP-SBJ you) (VP to (VP suspect (SBAR 0 (S (NP-SBJ imports) (VP are (VP (VP going (ADVP-CLR down)) , or (VP (ADVP at least) not increasing (ADVP that much))))))))))))) . '')) (TOP (S (S (NP-SBJ (NP Items) (VP listed (NP-1 *) (PP-CLR as (S-NOM (NP-SBJ *-1) (VP being (PP-PRD in (NP short supply))))))) (VP numbered (NP (QP only about a) dozen))) , but (S (NP-SBJ they) (VP included (NP (NP one newcomer) : (NP (NP milk) and (NP milk powder))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ It) (VP 's (NP-PRD (NP an odd thing) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP put (NP *T*-1) (PP-PUT on (NP the list))))))))) , '' (NP-SBJ Mr. Bretz) (VP noted (S *T*-2)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (PP-TMP for (NP (NP the second month) (PP in (NP a row)))) , (NP-SBJ food processors) (VP reported (NP (NP a shortage) (PP of (NP nonfat dry milk))))))) .)) (TOP (S (NP-SBJ They) (VP blamed (NP (NP (NP increased demand) (PP for (NP dairy products)) (PP-TMP at (NP (NP a time) (PP of (NP (NP (ADJP exceptionally high) U.S. exports) (PP of (NP dry milk))))))) , (VP coupled (NP *) (PP-CLR with (NP (ADJP very low) import quotas))))) .)) (TOP (S (NP-SBJ (NP Pamela Sebastian) (PP-LOC in (NP New York))) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP (NP the Commerce Department 's) figures) (PP for (NP construction spending)) (PP in (NP (NP billions) (PP of (NP dollars)))) (PP at (NP (ADJP seasonally adjusted) annual rates))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP (NP the Commerce Department 's) latest figures) (PP for (NP manufacturers)) (PP in (NP (NP billions) (PP of (NP dollars)))) , (ADJP seasonally adjusted)) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Judging (PP-CLR from (NP (NP the Americana) (PP-LOC in (NP (NP Haruki Murakami 's) `` (NX-TTL (NP A Wild Sheep Chase)) '' (PRN -LRB- (NP Kodansha) , (NP 320 pages) , (NP $ 18.95 *U*) -RRB-))))))) , (NP-SBJ (NP baby boomers) (PP-LOC on (NP (NP both sides) (PP of (NP the Pacific))))) (VP have (NP (NP a lot) (PP in (NP common)))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 *-2) (VP set (NP *-1) (PP-LOC in (NP Japan))))) , (NP-SBJ-2 (NP the novel 's) texture) (VP is (ADJP-PRD (ADJP (ADVP almost entirely) Western) , (ADJP especially American))) .)) (TOP (S (NP-SBJ Characters) (VP (VP drink (NP Salty Dogs)) , (VP whistle `` (NP-TTL Johnny B. Goode) '') and (VP watch (NP Bugs Bunny reruns))) .)) (TOP (S (NP-SBJ They) (VP (VP read (NP Mickey Spillane)) and (VP talk (PP-CLR about (NP Groucho and Harpo)))) .)) (TOP (S (NP-SBJ They) (VP (VP worry (PP-CLR about (NP their careers))) , (VP drink (ADVP too much)) and (VP suffer (PP through (NP (NP broken marriages) and (NP desultory affairs))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD Japan)) ?)) (TOP (S (PP For (NP an American reader)) , (NP-SBJ (NP part) (PP of (NP (NP the charm) (PP of (NP this engaging novel))))) (VP should (VP come (PP-LOC in (S-NOM (NP-SBJ *) (VP recognizing (SBAR that (S (NP-SBJ Japan) (VP is n't (NP-PRD (NP the buttoned-down society) (PP of (NP contemporary American lore))))))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADVP also) (ADJP-PRD refreshing) (S-1 (NP-SBJ *) (VP to (VP read (NP (NP a Japanese author) (SBAR (WHNP-52 who) (S (NP-SBJ *T*-52) (ADVP clearly) (VP does n't (VP belong (PP-CLR to (NP (NP the self-aggrandizing `` we-Japanese '' school) (PP of (NP (NP writers) (SBAR (WHNP-53 who) (S (NP-SBJ *T*-53) (VP perpetuate (NP (NP the notion) (PP of (NP (NP the unique Japanese) , (ADJP unfathomable (PP by (NP outsiders)))))))))))))))))))))) .)) (TOP (S (SBAR-ADV If (S `` (NP-TTL-SBJ A Wild Sheep Chase) '' (VP carries (NP (NP an implicit message) (PP for (NP international relations)))))) , (NP-SBJ it) (VP 's (SBAR-PRD that (S (NP-SBJ the Japanese) (VP are (PP-PRD (PP more like (NP us) ) (SBAR than (S (NP-SBJ (NP most) (PP of (NP us))) (VP think (SBAR 0 (S *?*)))))))))) .)) (TOP (S (NP-SBJ That) (VP 's not (S-PRD (NP-SBJ *) (VP to (VP say (SBAR that (S (NP-SBJ-57 (NP the nutty plot) (PP of `` (NP-TTL A Wild Sheep Chase) '')) (VP is (VP rooted (NP *-57) (PP-LOC-CLR in (NP reality)))))))))) .)) (TOP (S (NP-SBJ It) (VP 's (ADJP-PRD (ADJP imaginative) and (ADJP often funny))) .)) (TOP (S (NP-SBJ A disaffected , hard-drinking , nearly-30 hero) (VP sets (PRT off) (PP-CLR for (NP snow country)) (PP-PRP in (NP (NP search) (PP of (NP (NP an elusive sheep) (PP with (NP (NP a star) (PP-LOC on (NP its back)))))))) (PP at (NP (NP the behest) (PP of (NP (NP a sinister , erudite mobster) (PP with (NP a Stanford degree))))))) .)) (TOP (S (NP-SBJ He) (VP has (PP-CLR in (NP tow)) (NP (NP his prescient girlfriend) , (SBAR (WHNP-54 whose sassy retorts) (S (NP-SBJ *T*-54) (VP mark (NP her) (PP-CLR as (NP (NP anything) (PP but (NP a docile butterfly))))))))) .)) (TOP (S (PP-LOC Along (NP the way)) , (NP-SBJ he) (VP meets (NP (NP (NP a solicitous Christian chauffeur) (SBAR (WHNP-55 who) (S (NP-SBJ *T*-55) (VP offers (NP the hero) (NP (NP God 's) phone number))))) ; and (NP (NP the Sheep Man) , (NP (NP a sweet , roughhewn figure) (SBAR (WHNP-56 who) (S (NP-SBJ *T*-56) (VP wears (PRN -- (NP what else) --) (NP a sheepskin)))))))) .)) (TOP (S (NP-SBJ The 40-year-old Mr. Murakami) (VP is (NP-PRD a publishing sensation) (PP-LOC in (NP Japan))) .)) (TOP (S (NP-SBJ (NP A (ADJP more recent) novel) , (NP `` (NP-TTL Norwegian Wood) '' (PRN -LRB- (S (NP-SBJ-1 (NP every Japanese) (PP under (NP 40))) (VP seems (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD fluent (PP in (NP Beatles lyrics)))))))) -RRB-)) ,) (VP has (VP sold (NP (QP more than four million) copies) (SBAR-TMP since (S (NP-SBJ Kodansha) (VP published (NP it) (PP-TMP in (NP 1987))))))) .)) (TOP (S But (NP-SBJ he) (VP is (NP-PRD (NP just one) (PP of (NP (NP several youthful writers) (PRN -- (NP (NP Tokyo 's) brat pack) --) (SBAR (WHNP-57 who) (S (NP-SBJ *T*-57) (VP are (VP dominating (NP the best-seller charts) (PP-LOC in (NP Japan)))))))))) .)) (TOP (S (NP-SBJ-1 Their books) (VP are (VP (VP written (NP *-1) (PP-MNR in (NP idiomatic , contemporary language))) and (VP (ADVP-TMP usually) carry (NP (NP hefty dashes) (PP of (NP Americana)))))) .)) (TOP (S (PP-LOC In (NP (NP Robert Whiting 's) (NP `` (NP-TTL You Gotta Have Wa) '' (PRN -LRB- (NP Macmillan) , (NP 339 pages) , (NP $ 17.95 *U*) -RRB-)))) , (NP-SBJ the Beatles) (VP give (NP-CLR way) (PP-CLR to (NP (NP baseball) , (PP-LOC in (NP (NP the Nipponese version) (SBAR (WHNP-1 0) (S (NP-SBJ-2 we) (VP would (VP be (ADJP-PRD hard put (S (NP-SBJ *-2) (VP to (VP call (S (NP-SBJ *T*-1) (NP-PRD a `` game))))))))))))))) . '')) (TOP (S (SBAR-ADV As (S (NP-SBJ Mr. Whiting) (VP describes (NP it)))) , (NP-SBJ Nipponese baseball) (VP is (NP-PRD (NP a `` mirror) (PP of (NP (NP (NP Japan 's) fabled virtues) (PP of (NP (NP hard work) and (NP harmony))))))) . '')) (TOP (S (S `` (NP-SBJ Wa) '' (VP is (NP-PRD (NP Japanese) (PP for `` (NP team spirit) '')))) and (S (NP-SBJ Japanese ballplayers) (VP have (NP (NP miles and miles) (PP of (NP it))))) .)) (TOP (S (NP-SBJ (NP (NP A player 's) commitment) (PP to (NP (NP practice) and (NP team image)))) (VP is (ADJP-PRD (ADJP as important) (PP as (NP his batting average)))) .)) (TOP (S (NP-SBJ Polls) (ADVP-TMP once) (VP named (NP (NP Tokyo Giants star Tatsunori Hara) , (NP a `` humble , uncomplaining , obedient soul) , '') (PP-CLR as (NP (NP the male symbol) (PP of (NP Japan))))) .)) (TOP (S (S But (ADVP other (PP than (NP the fact (SBAR that (S (NP-SBJ-1 besuboru) (VP is (VP played (NP *-1) (PP-MNR with (NP (NP a ball) and (NP a bat)))))))))) , (NP-SBJ it) (VP 's (ADJP-PRD unrecognizable))) : (S (S (NP-SBJ Fans) (VP (ADVP-MNR politely) return (NP foul balls) (PP-CLR to (NP stadium ushers)))) ; (S (NP-SBJ the strike zone) (VP expands (PP depending (PP on (NP (NP the size) (PP of (NP the hitter))))))) ; (S (NP-SBJ-2 ties) (VP are (VP (VP permitted (NP *-2)) (PRN -- (VP (ADVP even) welcomed (NP *-2)) --) (SBAR-PRP since (S (NP-SBJ they) (VP (ADVP-MNR honorably) sidestep (NP (NP the shame) (PP of (NP defeat))))))))) ; (S (NP-SBJ players) (VP must (VP abide (PP-CLR by (NP (NP strict rules) (PP of (NP conduct)))) (PP-LOC even in (NP their personal lives)) (PRN -- (S (NP-SBJ (NP players) (PP for (NP the Tokyo Giants))) (PRN , (PP for (NP example)) ,) (VP must (ADVP-TMP always) (VP wear (NP ties) (SBAR-TMP (WHADVP when) (FRAG (PP-LOC on (NP the road)))))))))))) .)) (TOP (S `` (NP-TTL-SBJ You Gotta Have Wa) '' (VP is (NP-PRD (NP the (ADJP often amusing) chronicle) (PP of (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ (NP American ballplayers) , (VP rationed (NP *) (PP-CLR to (NP (NP two) (PP per (NP team))))) ,) (VP fare (ADVP-MNR *T*-1) (PP-LOC in (NP Japan)))))))) .)) (TOP (S (PP Despite (NP (NP the enormous sums) (PP of (NP money)) (SBAR (WHNP-1 0) (S (NP-SBJ-2 they) (VP 're (VP paid (NP *T*-1) (S-CLR (NP-SBJ *-2) (VP to (VP stand (PRT up) (PP-LOC at (NP a Japanese plate))))))))))) , (NP-SBJ a good number) (VP (VP decide (SBAR 0 (S (NP-SBJ it) (VP 's not (ADJP-PRD worth (NP it)))))) and (VP run (PP-DIR for (NP home)))) .)) (TOP (S (NP-SBJ `` (NP-TTL Funny Business) '' (PRN -LRB- (NP Soho) , (NP 228 pages) , (NP $ 17.95 *U*) -RRB-) (PP by (NP Gary Katzenstein))) (VP is (NP-PRD (NP anything) (PP but (NP *?*)))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP the petulant complaint) (PP of (NP (NP an impudent American) (SBAR (WHNP-58 whom) (S (NP-SBJ Sony) (VP hosted (NP *T*-58) (PP-TMP for (NP a year)) (SBAR-TMP while (S (NP-SBJ he) (VP was (PP-PRD on (NP a Luce Fellowship)) (PP-LOC in (NP Tokyo))))) -- (PP to (NP (NP the regret) (PP of (NP both parties))))))))))) .)) (TOP (S (PP-LOC In (NP (ADJP (ADJP sometimes amusing) , (ADJP (ADVP-TMP more often) supercilious) , (ADJP even vicious)) passages)) , (NP-SBJ Mr. Katzenstein) (VP describes (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ Sony) (VP invades (NP (NP even the (ADJP most mundane) aspects) (PP of (NP (NP its workers ') lives))) -- (PP-LOC (PP at (NP (NP the regimented office) , (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ-59 employees) (VP are (VP assigned (NP *-59) (NP lunch partners) (ADVP-LOC *T*-1))))))) -- and (PP (PP at `` (NP home) '') (PP in (NP (NP the austere company dormitory) (VP run (NP *) (PP by (NP-LGS a prying caretaker))))))) (ADVP-MNR *T*-2))))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP (NP his observations) (PP about (NP Japanese management style))))) (VP are (PP-PRD-LOC on (NP the mark))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-3)) (VP 's (ADVP probably) (ADJP-PRD true) (SBAR-3 (SBAR that (S (NP-SBJ many salarymen) (VP put (PRT in) (NP unproductive overtime) (PP-PRP just for (NP (NP the sake) (PP of (NP solidarity))))))) , (SBAR that (S (NP-SBJ the system) (VP is (ADJP-PRD (ADJP so hierarchical) (SBAR that (S (S (NP-SBJ-1 only the assistant manager) (VP can (VP talk (PP-CLR-2 to (NP the manager))))) and (S (NP-SBJ=1 the manager) (PP-CLR=2 to (NP the general manager))))))))) , and (SBAR that (S (NP-SBJ-4 Sony) (VP was (ADJP-PRD chary (PP of (S-NOM (NP-SBJ *-4) (VP letting (S (NP-SBJ a young , short-term American employee) (VP take (PRT on) (NP any responsibility)))))))))))) .)) (TOP (S (NP-SBJ (NP All) (PP of (NP this))) (VP must (VP have (VP been (ADJP-PRD enormously frustrating (PP to (NP (NP Mr. Katzenstein) , (SBAR (WHNP-59 who) (S (NP-SBJ-1 *T*-59) (VP (VP went (PP-DIR to (NP Sony)) (PP with (NP (NP degrees) (PP in (NP (NP business) and (NP computer science)))))) and (VP was (ADJP-PRD raring (S (NP-SBJ *-1) (VP to (VP invent (NP another Walkman))))))))))))))) .)) (TOP (S But (NP-SBJ Sony) (ADVP-TMP ultimately) (VP (VP took (NP a lesson) (PP-CLR from (NP the American management books))) and (VP fired (NP Mr. Katzenstein) , (SBAR-TMP after (S (NP-SBJ he) (VP committed (NP (NP the social crime) (PP of (S-NOM (NP-SBJ *) (VP making (NP an appointment (S (NP-SBJ *) (VP to (VP see (NP (NP the venerable Akio Morita) , (NP (NP founder) (PP of (NP Sony))))))))))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's (NP-PRD a shame) (SBAR-1 0 (S (NP-SBJ their meeting) (ADVP-TMP never) (VP took (NP-CLR place))))) .)) (TOP (S (S (NP-SBJ Mr. Katzenstein) (ADVP certainly) (VP would (VP have (VP learned (NP something))))) , and (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADVP even) (ADJP-PRD possible) (SBAR-1 0 (S (NP-SBJ Mr. Morita) (VP would (VP have (VP *?* (ADVP too)))))))) .)) (TOP (S (NP-SBJ (NP Ms. Kirkpatrick) , (NP (NP the Journal 's) deputy editorial features editor) ,) (VP worked (PP-LOC in (NP Tokyo)) (PP-TMP for (NP three years))) .)) (TOP (S (NP-SBJ (NP (ADJP More and more) corners) (PP of (NP the globe))) (VP are (VP becoming (ADJP-PRD free (PP of (NP tobacco smoke))))) .)) (TOP (S (PP-LOC In (NP Singapore)) , (NP-SBJ a new law) (VP requires (S (NP-SBJ-1 smokers) (VP to (VP (VP put (PRT out) (NP their cigarettes) (PP before (S-NOM (NP-SBJ *-1) (VP entering (NP (NP restaurants) , (NP department stores) and (NP sports centers)))))) or (VP face (NP a (ADJP $ 250 *U*) fine)))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ (NP Discos) and (NP private clubs)) (VP are (ADJP-PRD exempt (PP from (NP the ban))))) , and (S (NP-SBJ-60 smoking) (VP will (VP be (VP permitted (NP *-60) (PP-LOC in (NP bars)) (PP except (PP-TMP during (NP meal hours)))))))) , (NP-SBJ an official) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Singapore) (ADVP-TMP already) (VP bans (NP (NP smoking) (PP-LOC in (NP all (NX (NX theaters) , (NX buses) , (NX public elevators) , (NX hospitals) and (NX fast-food restaurants)))))) .)) (TOP (S (PP-LOC In (NP Malaysia)) , (NP-SBJ (NP Siti Zaharah Sulaiman) , (NP (NP a deputy minister) (PP-LOC in (NP (NP the prime minister 's) office))) ,) (VP (VP launched (NP (NP a `` No-Smoking Week '') (PP-LOC at (NP (NP (NP the Mara Institute) (PP of (NP Technology))) (PP near (NP Kuala Lumpur)))))) and (VP urged (NP-1 other schools) (S (NP-SBJ *-1) (VP to (VP ban (NP on-campus smoking)))))) .)) (TOP (S (NP-SBJ South Korea) (VP has (NP different concerns)) .)) (TOP (S (PP-LOC In (NP Seoul)) , (NP-SBJ-1 officials) (VP began (S (NP-SBJ *-1) (VP visiting (NP (QP about 26,000) cigarette stalls) (S-PRP (NP-SBJ *-1) (VP to (VP remove (NP (NP illegal posters and signboards) (VP advertising (NP imported cigarettes))))))))) .)) (TOP (S (NP-SBJ South Korea) (VP (VP has (VP opened (NP its market) (PP-CLR to (NP foreign cigarettes)))) but (VP restricts (NP advertising) (PP-CLR to (NP designated places)))) .)) (TOP (S (NP-SBJ A marketing study) (VP indicates (SBAR that (S (NP-SBJ Hong Kong consumers) (VP are (NP-PRD the (ADJP most materialistic)) (PP-LOC in (NP (NP the 14 major markets) (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ the survey) (VP was (VP carried (PRT out) (ADVP-LOC *T*-1))))))))))) .)) (TOP (S (NP-SBJ (NP The study) (PP by (NP the Backer Spielvogel Bates ad agency))) (ADVP also) (VP found (SBAR that (S (NP-SBJ (NP the colony 's) consumers) (VP feel (ADJP-PRD (ADJP more pressured) (PP than (NP (NP those) (PP-LOC in (NP (NP any) (PP of (NP (NP the other surveyed markets) , (SBAR (WHNP-60 which) (S (NP-SBJ *T*-60) (VP include (NP (NP the U.S.) and (NP Japan)))))))))))))))) .)) (TOP (S (NP-SBJ The survey) (VP found (SBAR that (S (NP-SBJ (NP (QP nearly half)) (PP of (NP Hong Kong consumers))) (VP espouse (SBAR (WHNP-61 what) (S (NP-SBJ it) (VP identified (NP *T*-61) (PP-CLR as (NP materialistic values))))) , (PP compared (PP with (NP (NP (QP about one-third)) (PP-LOC in (NP (NP Japan) and (NP the U.S)))))))))) .)) (TOP (S (NP-SBJ (QP More than three in five)) (VP said (SBAR 0 (S (NP-SBJ they) (VP are (PP-PRD-LOC under (NP (NP a great deal) (PP of (NP stress)))) (NP-TMP (NP most) (PP of (NP the time))) , (PP compared (PP with (NP (NP (QP less than one in two) U.S. consumers) and (NP (NP (QP one in four)) (PP-LOC in (NP Japan)))))))))) .)) (TOP (S (NP-SBJ The Thai cabinet) (VP endorsed (NP (NP Finance Minister Pramual Sabhavasu 's) proposal (S (NP-SBJ *) (VP to (VP build (NP (NP a (ADJP (QP $ 19 million) *U*) conference center) (PP for (NP (NP a joint meeting) (PP of (NP (NP the World Bank) and (NP International Monetary Fund))) (NP-TMP (NP two years) (PP from (NP now))))))))))) .)) (TOP (S (S (NP-SBJ-2 (NP The meeting) , (SBAR (WHNP-62 which) (S (NP-SBJ-1 *T*-62) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP draw (NP 20,000) (PP-DIR to (NP Bangkok))))))))) ,) (VP was (VP going (S (NP-SBJ-61 *-2) (VP to (VP be (VP held (NP *-61) (PP-LOC at (NP the Central Plaza Hotel))))))))) , but (S (NP-SBJ the government) (VP balked (PP-CLR at (NP (NP (NP the hotel 's) conditions) (PP for (S-NOM (NP-SBJ *) (VP undertaking (NP necessary expansion)))))))) .)) (TOP (S (NP-SBJ (NP A major concern) (PP about (NP the current plan))) (VP is (SBAR-PRD whether (S (NP-SBJ-62 the new center) (VP can (VP be (VP built (NP *-62) (PP-TMP in (NP such a short time)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 Yasser Arafat) (VP has (VP written (PP-DIR to (NP (NP the chairman) (PP of (NP the International Olympic Committee)))) (S-ADV (NP-SBJ *-2) (VP asking (NP-3 him) (S (NP-SBJ *-3) (VP to (VP back (NP a Palestinian bid (S (NP-SBJ *) (VP to (VP join (NP the committee))))))))))))) , (NP-SBJ the Palestine Liberation Organization news agency WAFA) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP An official) (PP of (NP the Palestinian Olympic Committee))) (VP said (SBAR 0 (S (NP-SBJ the committee) (VP (VP (ADVP-TMP first) applied (PP-CLR for (NP membership)) (PP-TMP in (NP 1979))) and (VP renewed (NP its application) (PP-LOC in (NP (NP August) (PP of (NP this year))))))))) .)) (TOP (S (NP-SBJ-1 The PLO) (VP (VP (PP-TMP in (NP recent months)) has (VP been (VP trying (S (NP-SBJ *-1) (VP to (VP join (NP international organizations))))))) but (VP failed (ADVP-TMP earlier (NP this year)) (S (NP-SBJ *-1) (VP to (VP win (NP (NP membership) (PP in (NP (NP the World Health Organization) and (NP the World Tourism Organization))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ A Beijing food-shop assistant) (VP has (VP become (NP-PRD (NP the first mainland Chinese) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP get (NP AIDS) (PP-MNR through (NP sex)))))))))) , (NP-SBJ the People 's Daily) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the man) , (SBAR (WHNP-63 whom) (S (NP-SBJ it) (VP did not (VP name (NP *T*-63))))) ,) (VP had (VP been (VP found (S (NP-SBJ *-1) (VP to (VP have (NP the disease)))) (PP-TMP after (NP hospital tests)))))))) .)) (TOP (S (S-TPC-2 (S (SBAR-TMP Once (S (NP-SBJ-63 the disease) (VP was (VP confirmed (NP *-63))))) , (NP-SBJ-64 all (NP the man 's) associates and family) (VP were (VP tested (NP *-64)))) , but (S (NP-SBJ-1 none) (VP have (ADVP-TMP so far) (VP been (VP found (S (NP-SBJ *-1) (VP to (VP have (NP AIDS))))))))) , (NP-SBJ the newspaper) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ The man) (VP had (PP-TMP for (NP a long time)) (VP had (NP `` (NP a chaotic sex life) , '' (PP including (NP (NP relations) (PP with (NP foreign men)))))))) , (NP-SBJ the newspaper) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The Polish government) (VP (VP increased (NP home electricity charges) (PP-EXT by (NP 150 %))) and (VP doubled (NP gas prices))) .)) (TOP (S (NP-SBJ The official news agency PAP) (VP said (SBAR 0 (S (NP-SBJ-1 the increases) (VP were (VP intended (S (NP-SBJ *-1) (VP to (VP (VP bring (NP (ADJP unrealistically low) energy charges) (PP-CLR into (NP (NP line) (PP with (NP production costs))))) and (VP compensate (PP-CLR for (NP (NP a rise) (PP-LOC in (NP coal prices))))))))))))) .)) (TOP (S (PP-TMP In (NP happier news)) , (NP-SBJ-1 South Korea) (PRN , (PP in (S-NOM (NP-SBJ *-1) (VP establishing (NP (NP diplomatic ties) (PP with (NP Poland))) (NP-TMP yesterday)))) ,) (VP announced (NP (NP (QP $ 450 million) *U*) (PP in (NP (NP loans) (PP-DIR to (NP the (ADJP financially strapped) Warsaw government)))))) .)) (TOP (S (PP-LOC In (NP (NP a victory) (PP for (NP environmentalists)))) , (NP-SBJ (NP Hungary 's) parliament) (VP terminated (NP (NP a multibillion-dollar River Danube dam) (VP being (VP built (NP *) (PP by (NP-LGS Austrian firms)))))) .)) (TOP (S (NP-SBJ-1 The Nagymaros dam) (VP was (VP designed (NP-2 *-1) (S-CLR (NP-SBJ-3 *-2) (VP to (VP be (VP twinned (NP *-3) (PP-CLR with (NP (NP another dam) , (ADJP (ADVP-TMP now) nearly complete) , (ADVP-LOC (NP 100 miles) upstream) (PP-LOC in (NP Czechoslovakia)))))))))) .)) (TOP (S (PP In (S-NOM (NP-SBJ *-2) (VP ending (NP (NP (NP Hungary 's) part) (PP of (NP the project)))))) , (NP-SBJ-2 Parliament) (VP authorized (S (NP-SBJ Prime Minister Miklos Nemeth) (VP to (VP modify (NP (NP a 1977 agreement) (PP with (NP (NP Czechoslovakia) , (SBAR (WHNP-64 which) (S (NP-SBJ *T*-64) (ADVP-TMP still) (VP wants (S (NP-SBJ-1 the dam) (VP to (VP be (VP built (NP *-1))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Nemeth) (VP said (PP-LOC in (NP parliament)) (SBAR that (S (NP-SBJ Czechoslovakia and Hungary) (VP would (VP suffer (NP environmental damage) (SBAR-ADV if (S (NP-SBJ-67 the twin dams) (VP were (VP built (NP *-67) (SBAR-MNR as (S (NP-SBJ-2 *) (VP planned (NP *-2))))))))))))) .)) (TOP (S (NP-SBJ Czechoslovakia) (VP said (PP-TMP in (NP May)) (SBAR 0 (S (NP-SBJ it) (VP could (VP seek (NP (QP $ 2 billion) *U*) (PP-CLR from (NP Hungary)) (SBAR-ADV if (S (NP-SBJ-68 the twindam contract) (VP were (VP broken (NP *-68)))))))))) .)) (TOP (S (NP-SBJ-69 The Czech dam) (VP ca n't (VP be (VP operated (NP *-69) (PP-TMP (ADVP solely) at (NP peak periods)) (PP-MNR without (NP the Nagymaros project))))) .)) (TOP (S (NP-SBJ (NP A painting) (PP by (NP August Strindberg))) (VP set (NP a Scandinavian price record) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP sold (PP-LOC at (NP auction)) (PP-LOC in (NP Stockholm)) (PP-CLR for (NP (QP $ 2.44 million) *U*)) (ADVP-TMP *T*-1))))) .)) (TOP (S `` (NP-TTL-SBJ-1 Lighthouse II) '' (VP was (VP painted (NP-TTL *-1) (PP-MNR in (NP oils)) (PP by (NP-LGS the playwright)) (PP-TMP in (NP 1901)))) ...)) (TOP (S (S-TPC-2 (PP-TMP After (NP (NP years) (PP of (NP decline)))) , (NP-SBJ (NP weddings) (PP-LOC in (NP France))) (VP showed (NP a (ADJP 2.2 %) upturn) (NP-TMP last year) , (PP with (S-NOM (NP-SBJ (NP 6,000 more couples) (PP *ICH*-1)) (VP exchanging (NP rings) (PP-TMP in (NP 1988)) (PP-1 than (PP-TMP in (NP the previous year)))))))) , (NP-SBJ the national statistics office) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S But (NP-SBJ (NP the number) (PP of (NP weddings)) (NP-TMP last year) (PRN -- (NP 271,124) --)) (VP was (ADVP-TMP still) (PP-LOC-PRD well below (NP (NP the 400,000) (VP registered (NP *) (PP-TMP in (NP (NP 1972) , (NP (NP the last year) (PP of (NP increasing marriages))))))))) .)) (TOP (S (NP-SBJ BRAMALEA Ltd.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP issue (NP (NP (QP 100 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 85.1 million) *U*) -RRB-) (PP of (NP (NP (ADJP 10.5 %) senior debentures) (ADJP due (NP-TMP (NP Nov. 30) , (NP 1999))))) , (ADVP together (PP with (NP 100,000 bond purchase warrants))))))))))) .)) (TOP (S (NP-SBJ The Toronto-based real estate concern) (VP said (SBAR 0 (S (NP-SBJ each bond warrant) (VP entitles (S (NP-SBJ the holder) (VP to (VP buy (NP (NP (ADJP C$ 1,000 *U*) principal amount) (PP of (NP debentures))) (PP-CLR at (NP (NP par) plus (NP (NP accrued interest) (PP-TMP to (NP (NP the date) (PP of (NP purchase)))))))))))))) .)) (TOP (S (NP-SBJ The warrants) (VP expire (NP-TMP (NP Nov. 30) , (NP 1990))) .)) (TOP (S (S (NP-SBJ-70 The issue) (VP will (VP be (VP swapped (NP *-70) (PP-CLR into (NP fixed-rate U.S. dollars)) (PP-CLR at (NP (NP a rate) (SBAR (WHNP-1 0) (S (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ *T*-1) (VP is (NP-PRD (QP less than 9) %))))))))))))) ; (S (NP-SBJ-2 a spokesman) (VP declined (S (NP-SBJ *-2) (VP to (VP elaborate))))) .)) (TOP (S (NP-SBJ (NP Lead underwriters) (PP for (NP the issue))) (VP are (NP-PRD (NP (NP Scotia McLeod Inc.) and (NP RBC Dominion Securities Inc.)) , (NP both Toronto-based investment dealers))) .)) (TOP (S (NP-SBJ Bramalea) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP complete (NP the issue) (PP-TMP by (NP (NP the end) (PP of (NP the month))))))))))) .)) (TOP (S (PP As (NP an actor)) , (NP-SBJ Charles Lane) (VP is n't (NP-PRD (NP the inheritor) (PP of (NP (NP Charlie Chaplin 's) spirit)))) .)) (TOP (S (NP-SBJ Steve Martin) (VP has (ADVP-TMP already) (VP laid (NP (NP his claim) (PP to (NP that))))) .)) (TOP (S-CLF But (NP-SBJ it) (VP is (NP (NP Mr. Lane) , (PP as (NP (NP movie director) , (NP producer) and (NP writer))) ,) (SBAR-NOM (WHNP-65 who) (S (NP-SBJ *T*-65) (VP has (VP been (ADJP-PRD obsessed (PP with (S-NOM (NP-SBJ *) (VP refitting (NP (NP Chaplin 's) Little Tramp) (PP-MNR in (NP a contemporary way))))))))))) .)) (TOP (S (PP-TMP In (NP 1976)) , (PP as (NP (NP a film student) (PP-LOC at (NP (NP the Purchase campus) (PP of (NP (NP the State University) (PP of (NP New York)))))))) , (NP-SBJ Mr. Lane) (VP shot (NP `` (NP-TTL A Place in Time) , '' (NP (NP a 36-minute black-and-white film) (PP about (NP (NP a sketch artist) , (NP (NP a man) (PP of (NP the streets)))))))) .)) (TOP (S (ADVP-TMP Now) , (ADVP-TMP (NP 13 years) later) , (NP-SBJ Mr. Lane) (VP has (VP revived (NP his Artist) (PP-LOC in (NP (NP a full-length movie) (VP called (S (NP-SBJ *) (NP-PRD `` (NP-TTL Sidewalk Stories) , '' (NP (NP a poignant piece) (PP of (NP work)) (PP about (NP a modern-day tramp)))))))))) .)) (TOP (S (PP Of (NP course)) , (SBAR-ADV if (S (NP-SBJ the film) (VP contained (NP dialogue)))) , (NP-SBJ-71 (NP Mr. Lane 's) Artist) (VP would (VP be (VP called (S (NP-SBJ *-71) (NP-PRD a homeless person))))) .)) (TOP (SINV (ADVP-PRD-TPC-1 So) (VP would (VP *?* (ADVP-PRD *T*-1))) (NP-SBJ the Little Tramp) , (PP for (NP that matter)) .)) (TOP (S (NP-SBJ I) (VP say `` (S (NP-SBJ *) (VP contained (NP dialogue))) '' (SBAR-PRP because (S `` (NP-TTL-SBJ Sidewalk Stories) '' (VP is n't (ADVP really) (ADJP-PRD silent) (ADVP at all))))) .)) (TOP (S (NP-SBJ (NP Composer Marc Marder) , (NP (NP a college friend) (PP of (NP Mr. Lane 's)) (SBAR (WHNP-66 who) (S (NP-SBJ-1 *T*-66) (VP earns (NP his living) (S-MNR (NP-SBJ *-1) (VP playing (NP the double bass) (PP-LOC in (NP classical music ensembles)))))))) ,) (VP has (VP prepared (NP (NP an exciting , eclectic score) (SBAR (WHNP-67 that) (S (NP-SBJ *T*-67) (VP tells (NP you) (SBAR-NOM (WHNP-2 what) (S (NP-SBJ the characters) (VP are (VP (VP thinking (NP *T*-2)) and (VP feeling (NP *T*-2)))))) (ADVP-MNR (ADVP far more precisely) (SBAR than (S (NP-SBJ (NP intertitles) , or (NP even words) ,) (VP would (VP *?*))))))))))) .)) (TOP (S (NP-SBJ (NP Much) (PP of (NP (NP Mr. Lane 's) film))) (VP takes (NP (NP (NP a (ADJP highly romanticized) view) (PP of (NP (NP life) (PP-LOC on (NP the streets))))) (PRN -LRB- (SBAR-ADV though (FRAG (ADVP probably) (ADJP (ADJP (ADVP no more) romanticized) (PP than (NP (NP (NP Mr. Chaplin 's) notion) (PP of (NP (NP the Tramp) (PP as (NP the good-hearted free spirit))))))))) -RRB-))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Filmed (NP *-1) (PP-MNR in (NP lovely black and white)) (PP by (NP-LGS Bill Dill)))) , (NP-SBJ-2 (NP the New York streets) (PP of `` (NP-TTL Sidewalk Stories) '')) (VP seem (ADJP-PRD benign)) .)) (TOP (S (PP-LOC On (NP Wall Street)) (NP-SBJ-2 men and women) (VP walk (PP-MNR with (NP great purpose)) , (S-ADV (NP-SBJ *-2) (VP noticing (NP (NP one) (ADJP another)) (SBAR-TMP only (WHADVP-1 when) (S (NP-SBJ they) (VP jostle (PP-CLR for (NP cabs)) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ The Artist) (VP hangs (PRT out) (PP-LOC in (NP Greenwich Village)) , (PP-LOC on (NP (NP a strip) (PP of (NP Sixth Avenue)) (VP populated (NP *) (PP by (NP-LGS (NP jugglers) , (NP magicians) and (NP other good-natured hustlers))))))) .)) (TOP (S -LRB- (NP-SBJ (NP This) (NP *ICH*-1)) (ADVP clearly) (VP is not (NP-PRD real life) : (NP-1 (NP no crack dealers) , (NP (NP no dead-eyed men) (VP selling (NP (NP four-year-old copies) (PP of (NP Cosmopolitan))))) , (NP (NP no one) (VP curled (PRT up) (PP-LOC in (NP a cardboard box)))))) . -RRB-)) (TOP (S (NP-SBJ The Artist) (VP has (NP his routine)) .)) (TOP (S (NP-SBJ-1 He) (VP spends (NP his days) (S-CLR (S (NP-SBJ *-1) (VP sketching (NP passers-by))) , or (S (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP *?*))))))) .)) (TOP (S (PP-TMP At (NP night)) (NP-SBJ he) (VP returns (PP-DIR to (NP (NP the condemned building) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP calls (S (NP-SBJ *T*-1) (NP-PRD home)))))))) .)) (TOP (S (NP-SBJ (NP His life) , (PP including (NP (NP his skirmishes) (PP with (NP a competing sketch artist)))) ,) (VP seems (ADJP-PRD carefree)) .)) (TOP (S (NP-SBJ He) (VP is (NP-PRD his own man)) .)) (TOP (S (ADVP-TMP Then) , (SBAR-ADV just as (S (NP-SBJ-72 the Tramp) (VP is (VP given (NP *-72) (NP (NP a blind girl) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP cure (NP *T*-2)))))) (PP-LOC in `` (NP-TTL City Lights)))))) , '' (NP-SBJ-73 the Artist) (VP is (VP put (NP *-73) (PP-PUT in (NP (NP charge) (PP of (S-NOM (NP-SBJ *-73) (VP returning (NP (NP a two-year-old waif) (PRN -LRB- (NP Nicole Alysia) -RRB-) , (SBAR (WHNP-1 whose (NP father)) (S (NP-SBJ-74 *T*-1) (VP has (VP been (VP murdered (NP *-74) (PP by (NP-LGS thugs))))))) ,) (PP-CLR to (NP her mother))))))))) .)) (TOP (S (NP-SBJ-1 This cute child) (VP turns (PRT out) (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a blessing) and (NP a curse)))))) .)) (TOP (S (NP-SBJ She) (VP (VP gives (NP the Artist) (NP (NP a sense) (PP of (NP purpose)))) , but (VP (ADVP also) alerts (NP him) (PP-CLR to (NP (NP the serious inadequacy) (PP of (NP his vagrant life)))))) .)) (TOP (S (NP-SBJ (NP The beds) (PP-LOC at (NP the Bowery Mission))) (VP seem (ADJP-PRD far drearier) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 he) (VP has (S (NP-SBJ *-1) (VP to (VP tuck (NP a little girl) (PP-CLR into (NP (NP one) (PP of (NP them)))) (PP-TMP at (NP night)) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP (ADVP further) load (NP the stakes)))) , (NP-SBJ-1 Mr. Lane) (VP dreamed (PRT up) (NP (NP a (ADJP highly improbable) romance) (PP for (NP the Artist)) , (PP with (NP (NP a young woman) (SBAR (SBAR (WHNP-68 who) (S (NP-SBJ *T*-68) (VP owns (NP her own (NP children 's) shop)))) and (SBAR (WHNP-69 who) (S (NP-SBJ *T*-69) (VP lives (PP-LOC in (NP an expensive high-rise apartment building)))))))))) .)) (TOP (S (NP-SBJ This story line) (VP might (VP resonate (ADVP-MNR more strongly) (SBAR-ADV if (S (NP-SBJ Mr. Lane) (VP had (NP (NP as strong a presence) (PP-LOC in (NP (NP front) (PP of (NP the camera)))) (SBAR as (S (NP-SBJ he) (VP does (VP *?* (PP-LOC behind (NP it)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Lane 's) final purpose) (VP is n't (S-PRD (NP-SBJ *-1) (VP to (VP glamorize (NP (NP the Artist 's) vagabond existence))))) .)) (TOP (S (S (NP-SBJ He) (VP has (NP (NP a point) (SBAR (WHNP-2 0) (S (NP-SBJ-1 he) (VP wants (S (NP-SBJ *-1) (VP to (VP make (NP *T*-2)))))))))) , and (S (NP-SBJ he) (VP makes (NP it) , (PP-MNR with (NP (NP a great deal) (PP of (NP force)))))) .)) (TOP (S (S (NP-SBJ The movie) (VP ends (PP-MNR with (NP (NP sound) , (NP (NP the sound) (PP of (S-NOM (NP-SBJ street people) (VP talking)))) ,)))) and (S (NP-SBJ there) (VP is n't (NP-PRD (NP anything) (ADJP whimsical or enviable)) (PP-LOC in (NP those rough , beaten voices)))) .)) (TOP (S (NP-SBJ The French film maker Claude Chabrol) (VP has (VP managed (NP (NP another kind) (PP of (NP weird achievement))) (PP with (NP his `` (NX-TTL (NP Story) (PP of (NP Women))))))) . '')) (TOP (S (NP-SBJ He) (VP has (VP made (NP (NP a harsh , brilliant picture) (PRN -- (NP (NP one) (SBAR (WHNP-70 that) (S (NP-SBJ *T*-70) (VP 's (ADJP-PRD captivating))))) --) (PP about (NP (NP a character) (SBAR (WHNP-1 who) , (S (S-ADV (NP-SBJ-3 *-2) (VP viewed (NP *-3) (PP-CLR from (NP the (ADJP most sympathetic) angle)))) , (NP-SBJ-2 *T*-1) (VP would (VP seem (ADJP-PRD disagreeable)))))))))) .)) (TOP (S (ADVP Yet) (NP-SBJ (NP this woman) , (NP Marie-Louise Giraud) ,) (VP carries (NP historical significance) , (PP both (PP as (NP (NP one) (PP of (NP (NP the last women) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP be (VP executed (NP *-2) (PP-LOC in (NP France))))))))))) and (PP as (NP (NP a symbol) (PP of (NP (NP the Vichy government 's) hypocrisy)))))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ Vichy) (VP collaborated (PP-CLR with (NP the Germans)) (PP-TMP during (NP World War II)) (PP in (NP (NP the deaths) (PP of (NP (NP thousands) (PP of (NP (NP Resistance fighters) and (NP Jews)))))))))) , (NP-SBJ its officials) (VP needed (NP a diversionary symbolic traitor)) .)) (TOP (S (NP-SBJ (NP Marie-Louise) , (NP a small-time abortionist) ,) (VP was (NP-PRD their woman)) .)) (TOP (S (NP-SBJ She) (VP (VP became (NP-PRD an abortionist) (ADVP-MNR accidentally)) , and (VP continued (SBAR-PRP because (S (NP-SBJ it) (VP enabled (S (NP-SBJ her) (VP to (VP buy (NP (NP jam) , (NP cocoa) and (NP other war-rationed goodies)))))))))) .)) (TOP (S (NP-SBJ She) (VP (VP was (ADJP-PRD untrained)) and , (VP (PP-LOC in (NP one botched job)) killed (NP a client))) .)) (TOP (S (NP-SBJ Her remorse) (VP was (ADJP-PRD shallow and brief)) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ she) (VP was (ADJP-PRD kind and playful (PP to (NP her children)))))) , (S (NP-SBJ she) (VP was (ADJP-PRD dreadful (PP to (NP her war-damaged husband))))) ; (S (NP-SBJ she) (VP (ADVP-MNR openly) brought (NP her lover) (PP-CLR into (NP their home)))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 *) (VP (VP presented (NP *-1) (PP by (NP-LGS Mr. Chabrol))) , and (VP played (NP *-1) (PP-MNR with (NP thin-lipped intensity)) (PP by (NP-LGS Isabelle Huppert)))))) , (NP-SBJ (NP Marie-Louise) (PRN -LRB- (VP called (S (NP-SBJ *) (NP-PRD Marie Latour)) (PP-LOC in (NP the film))) -RRB-)) (VP was not (NP-PRD a nice person)) .)) (TOP (S But (NP-SBJ-1 she) (VP did n't (VP deserve (S (NP-SBJ *-1) (VP to (VP have (S (NP-SBJ-2 her head) (VP chopped (NP *-2) (PRT off)))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP very little) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP recommend (NP `` (NP-TTL Old Gringo) , '' (NP (NP a confused rendering) (PP of (NP (NP the Carlos Fuentes novel) (PP of (NP the Mexican Revolution)))))))))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP the picture))) (VP is (VP taken (PRT up) (PP-CLR with (NP (NP endless scenes) (PP of (S-NOM (NP-SBJ-1 many people) (VP either (VP fighting) or (VP eating and drinking (S-PRP (NP-SBJ *-1) (VP to (VP celebrate (NP victory)))))))))))) .)) (TOP (S (NP-SBJ I) (VP mention (NP the picture) (SBAR-PRP (ADVP only) because (S (S (NP-SBJ many bad movies) (VP have (NP a bright spot))) , and (S (NP-SBJ this one) (VP has (NP (NP Gregory Peck) , (PP-LOC in (NP (NP a (ADJP marvelously loose and energetic) portrayal) (PP of (NP (NP an old man) (SBAR (WHNP-71 who) (S (NP-SBJ-1 *T*-71) (VP wants (S (NP-SBJ *-1) (VP to (VP die (NP-MNR (NP the way) (SBAR (WHADVP-3 0) (S (NP-SBJ-2 he) (VP wants (S (NP-SBJ *-2) (VP to (VP die (ADVP-MNR *T*-3)))))))))))))))))))))))) .)) (TOP (FRAG (NP Video Tip) : (S (PP-TMP Before (S-NOM (NP-SBJ *-1) (VP seeing `` (NP-TTL Sidewalk Stories)))) , '' (NP-SBJ-1 *) (VP take (NP (NP a look) (PP at (NP `` (NP-TTL City Lights) , '' (NP (NP (NP Chaplin 's) Tramp) (PP at (NP his finest)))))))) .)) (TOP (S (NP-SBJ Boeing Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP discussing (NP plans (S *ICH*-1)) (PP-CLR with (NP (NP three) (PP of (NP its regular Japanese suppliers)))) (S-1 (NP-SBJ-2 *) (VP to (ADVP possibly) (VP help (S (NP-SBJ *-2) (VP build (NP (NP a larger version) (PP of (NP its popular 767 twin-jet))))))))))))) .)) (TOP (S (S (NP-SBJ The discussions) (VP are (ADVP-TMP still) (PP-PRD-LOC in (NP preliminary stages)))) , and (S (NP-SBJ-2 the specific details) (VP have n't (VP been (VP worked (NP *-2) (PRT out) (PP-LOC between (NP (NP the Seattle aerospace company) and (NP (NP Kawasaki Heavy Industries Ltd.) , (NP Mitsubishi Heavy Industries Ltd.) and (NP Fuji Heavy Industries Ltd)))))))) .)) (TOP (S (NP-SBJ-1 The three Japanese companies) (VP build (NP (NP the body sections) (PP of (NP the 767))) , (S-ADV (NP-SBJ *-1) (VP accounting (PP-CLR for (NP (NP a combined 15 %) (PP of (NP the aircraft))))))) .)) (TOP (S (NP-SBJ Japanese press reports) (VP have (VP speculated (SBAR that (S (NP-SBJ the Japanese contribution) (VP could (VP rise (PP-DIR to (NP (QP between 20 % and 25 %) *U*)) (PP-LOC under (NP the new program)))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ Boeing) (VP goes (ADVP-CLR ahead) (PP-CLR with (NP the larger 767))))) , (NP-SBJ the plane) (VP could (VP hit (NP the market) (PP-TMP in (NP the mid-1990s)))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP the year) (SBAR (WHADVP-1 0) (S (NP-SBJ (NP the negative ad) , (RRC (PP-TMP for (NP years)) (NP (NP a secondary presence) (PP-LOC in (NP most political campaigns)))) ,) (VP became (NP-PRD the main event) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ The irony) (VP is (SBAR-PRD that (S (NP-SBJ-1 the attack commercial) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP getting (NP a boost) (PP-LOC in (NP (NP last year 's) presidential campaign))))) , (VP has (VP come (PP-CLR of (NP age)) (PP-TMP in (NP (NP an off-off election year) (PP with (NP (NP only a few contests) (VP scattered (NP *) (PP-LOC across (NP the country)))))))))))) .)) (TOP (S But (PP-LOC in (NP (NP the three leading political contests) (PP of (NP 1989)))) , (NP-SBJ-1 the negative ads) (VP have (VP reached (NP (NP new levels) (PP of (NP hostility))) , (S-ADV (NP-SBJ *-1) (VP raising (NP fears (SBAR that (S (NP-SBJ (NP this kind) (PP of (NP mudslinging)) , (ADJP empty (PP of (NP significant issues))) ,) (VP is (VP ushering (PP-CLR in (NP (NP a new era) (PP of (NP (NP campaigns) (PP without (NP content))))))))))))))) .)) (TOP (S-1 `` (ADVP-TMP Now) , '' (PRN (SINV (VP says (S *T*-1)) (NP-SBJ (NP Joseph Napolitan) , (NP (NP a pioneer) (PP-LOC in (NP political television))))) ,) `` (NP-SBJ the idea) (VP is (S-PRD (NP-SBJ *) (VP to (VP attack (ADVP-TMP first , last and always))))) . '')) (TOP (S (NP-SBJ (NP A trend) (SBAR (WHNP-72 that) (S (NP-SBJ *T*-72) (VP (VP started (PP-CLR with (NP (NP the first stirrings) (PP of (NP politics))))) , (VP accelerated (PP-CLR with (NP (NP the dawn) (PP of (NP the television age))))) and (VP became (NP-PRD a sometimes-tawdry art form) (PP-TMP in (NP 1988))) ,)))) (VP has (VP reached (NP an (ADJP entirely new) stage))) .)) (TOP (S-2 `` (S-PRP (NP-SBJ *-1) (VP To (VP get (NP (NP people 's) attention) (NP-TMP these days)))) , '' (PRN (SINV (VP says (S *T*-2)) (NP-SBJ (NP Douglas Bailey) , (NP a political consultant))) ,) (S `` (NP-SBJ-1 your TV ad) (VP needs (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD bold and entertaining)))))) , and , (S (ADVP-TMP (ADVP more often) (PP than (ADVP not))) , (NP-SBJ that) (VP means (ADJP confrontational))) .)) (TOP (S And , (PP unlike (ADVP-TMP (NP a few years) ago)) , (NP-SBJ-1 you) (VP do n't (ADVP even) (VP have (S (NP-SBJ *-1) (VP to (VP worry (SBAR whether (S (NP-SBJ the ad) (VP is (ADJP-PRD truthful))))))))) . '')) (TOP (S (PP-TMP In (NP 1989)) , (ADVP-TMP as often (PP as (ADVP not))) , (NP-SBJ-1 (NP the principal fights) (PP-LOC in (NP the major campaigns))) (VP are (VP prompted (NP *-1) (PP by (NP-LGS (NP the ads) (NP themselves))))) .)) (TOP (S (NP-SBJ *) (VP Take (NP (NP a look) (PRN , (ADVP then) ,) (PP at (NP (NP the main attack commercials) (SBAR (WHNP-73 that) (S (NP-SBJ *T*-73) (VP set (NP (NP the tone) (PP for (NP (NP (NP Tuesday 's) elections) (PP-LOC in (NP (NP New York City) , (NP New Jersey) and (NP Virginia))))))))))))) :)) (TOP (NP New York City :)) (TOP (S (NP-SBJ The screen) (VP fills (PP-CLR with (NP a (NP (NP small , tight facial shot) (PP of (NP (NP David Dinkins) , (NP (NP Democratic candidate) (PP for (NP (NP mayor) (PP of (NP New York City))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 David Dinkins) (VP failed (S (NP-SBJ *-2) (VP to (VP file (NP his income taxes)))) (PP-TMP for (NP four straight years)))) , '' (VP says (S *T*-1)) (NP-SBJ a disembodied male voice) .)) (TOP (S And (ADVP-TMP then) (NP-SBJ (NP this television commercial) , (VP (VP paid (PP-CLR for (NP *)) (PP by (NP-LGS (NP Republican Rudolph Giuliani 's) campaign))) and (VP produced (NP *) (PP by (NP-LGS (NP Roger Ailes) , (NP (NP the master) (PP of (NP negative TV ads))))))) ,) (ADVP really) (VP gets (ADVP-CLR down (PP to (NP business)))) .)) (TOP (S-2 (NP-SBJ-1 Mr. Dinkins) (PRN , (S (NP-SBJ the ad) (VP charges (SBAR 0 (S *T*-2)))) ,) (ADVP also) (VP (VP failed (S (NP-SBJ *-1) (VP to (VP report (NP his campaign contributions) (ADVP-MNR accurately))))) , (VP hid (NP (NP his links) (PP to (NP a failing insurance company)))) and (VP paid (NP a convicted kidnapper) `` (PP-MNR through (NP (NP a phony organization) (PP with (NP (NP no members) , (NP no receipts) and (NP no office))))))) . '')) (TOP (SBARQ-2 `` (NP-TPC David Dinkins) (PRN , '' (SINV (VP says (SBARQ *T*-2)) (NP-SBJ the kicker)) ,) `` (WHADVP Why) (SQ does (NP-SBJ he) (ADVP-TMP always) (VP wait (SBAR-TMP until (S (NP-SBJ-1 he) (VP 's (VP caught (NP *-1))))))) ? '')) (TOP (NP-2 (NP `` Nasty innuendoes , '') (PRN (SINV (VP says (NP *-2)) (NP-SBJ (NP John Siegal) , (NP (NP Mr. Dinkins 's) issues director) ,))) `` (VP designed (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP prosecute (NP (NP a case) (PP of (NP (NP political corruption) (SBAR (WHNP-74 that) (S (NP-SBJ *T*-74) (ADVP simply) (VP does n't (VP exist))))))))))) . '')) (TOP (S (S-SBJ (NP-SBJ-1 *-2) (VP Stung (NP *-1) (PP by (NP-LGS the Giuliani ads)))) , (NP-SBJ-2 (NP (NP Mr. Dinkins 's) TV consultants) , (NP (NP Robert Shrum) and (NP David Doak)) ,) (ADVP-TMP finally) (VP unleashed (NP (NP a negative ad) (PP of (NP their own)))) .)) (TOP (S (NP-SBJ The screen) (VP shows (NP (NP two distorted , unrecognizable photos) , (PP (ADVP presumably) of (NP two politicians)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ *) (VP Compare (NP (NP two candidates) (PP for (NP mayor))))) , '' (VP says (S *T*-1)) (NP-SBJ the announcer) .)) (TOP (S `` (NP-SBJ One) (VP says (SBAR 0 (S (NP-SBJ he) (VP 's (PP-PRD for (S-NOM (NP-SBJ *) (VP banning (NP cop-killer bullets)))))))) .)) (TOP (S (NP-SBJ The other) (VP has (VP opposed (NP (NP a ban) (PP on (NP cop-killer bullets))))) .)) (TOP (S (NP-SBJ One) (VP claims (SBAR 0 (S (NP-SBJ he) (VP 's (ADJP-PRD pro-choice))))) .)) (TOP (S (NP-SBJ The other) (VP has (VP opposed (NP (NP a woman 's) right (S (NP-SBJ *) (VP to (VP choose)))))) . '')) (TOP (FRAG-1 `` (NP Funny thing) (PRN , '' (SINV (VP says (FRAG *T*-1)) (NP-SBJ the kicker)) ,) `` (S (NP-SBJ-2 both these candidates) (VP are (VP named (S (NP-SBJ *-2) (NP-PRD Rudolph Giuliani))))) . '')) (TOP (SBARQ (WHNP-1 Who) (SQ 's (NP-SBJ *T*-1) (VP telling (NP the truth))) ?)) (TOP (NP Everybody -- and nobody .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP a classic situation) (PP of (NP (NP ads) (SBAR (WHNP-75 that) (S (NP-SBJ *T*-75) (VP are (ADJP-PRD (ADJP true) but not (ADVP-TMP always) (ADJP fully accurate))))))))) .)) (TOP (S (S (NP-SBJ-1 Mr. Dinkins) (VP did (VP fail (S (NP-SBJ *-1) (VP to (VP file (NP his income taxes)))) (PP-TMP for (NP four years))))) , but (S (NP-SBJ he) (VP insists (SBAR 0 (S (NP-SBJ he) (VP (ADVP-MNR voluntarily) admitted (NP the `` oversight '') (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-2 he) (VP was (VP being (VP considered (NP *-2) (PP-CLR for (NP a city job)) (ADVP-TMP *T*-3))))))))))) .)) (TOP (S (S (NP-SBJ He) (VP was (PP-LOC-PRD on (NP (NP the board) (PP of (NP (NP an insurance company) (PP with (NP financial problems)))))))) , but (S (NP-SBJ he) (VP insists (SBAR 0 (S (NP-SBJ he) (VP made (NP (NP no secret) (PP of (NP it)))))))) .)) (TOP (S (NP-SBJ-1 (NP The city 's) Campaign Finance Board) (VP has (VP refused (S (NP-SBJ *-1) (VP to (VP pay (NP Mr. Dinkins) (NP (NP $ 95,142 *U*) (PP in (NP matching funds)))))) (SBAR-PRP because (S (NP-SBJ his campaign records) (VP are (ADJP-PRD incomplete)))))) .)) (TOP (S (NP-SBJ The campaign) (VP has (VP blamed (NP these reporting problems) (PP-CLR on (NP computer errors)))) .)) (TOP (S-1 And (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ Mr. Dinkins)) ,) (NP-SBJ he) (VP did n't (VP know (SBAR 0 (S (NP-SBJ-3 (NP the man) (SBAR (WHNP-2 0) (S (NP-SBJ his campaign) (VP paid (NP *T*-2) (PP-CLR for (NP a get-out-the-vote effort)))))) (VP had (VP been (VP convicted (NP *-3) (PP-CLR of (NP kidnapping))))))))) .)) (TOP (S-1 But (PRN , (SINV (VP say (SBAR 0 (S *T*-1))) (NP-SBJ (NP Mr. Dinkins 's) managers)) ,) (S (NP-SBJ he) (VP did (VP have (NP an office)))) and (S (NP-SBJ his organization) (VP did (VP have (NP members)))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Giuliani 's) campaign chairman) , (NP Peter Powers) ,) (VP says (SBAR 0 (S (NP-SBJ the Dinkins ad) (VP is `` (ADJP-PRD deceptive))))) . '')) (TOP (S-1 (NP-SBJ The other side) (PRN , (S (NP-SBJ he) (VP argues (SBAR 0 (S *T*-1)))) ,) `` (VP knows (SBAR 0 (S (NP-SBJ Giuliani) (VP has (ADVP-TMP always) (VP been (ADJP-PRD pro-choice) , (SBAR-ADV (ADVP even) though (S (NP-SBJ he) (VP has (NP personal reservations))))))))) .)) (TOP (S (NP-SBJ They) (VP know (SBAR (SBAR 0 (S (NP-SBJ he) (VP is (ADVP generally) (ADJP-PRD opposed (PP to (NP cop-killer bullets)))))) , but (SBAR that (S (NP-SBJ he) (VP had (NP (NP some reservations) (PP about (NP (NP the language) (PP-LOC in (NP the legislation)))))))))) . '')) (TOP (NP Virginia :)) (TOP (S (NP-SBJ Democratic Lt. Gov. Douglas Wilder) (VP opened (NP (NP his gubernatorial battle) (PP with (NP Republican Marshall Coleman))) (PP-CLR with (NP (NP an abortion commercial) (VP produced (NP *) (PP by (NP-LGS Frank Greer))) (SBAR (WHNP-1 that) (S (NP-SBJ (NP analysts) (PP of (NP every political persuasion))) (VP agree (SBAR 0 (S (NP-SBJ *T*-1) (VP was (NP-PRD a tour de force)))))))))) .)) (TOP (S (PP-LOC Against (NP (NP a shot) (PP of (NP Monticello)) (VP superimposed (NP *) (PP-CLR on (NP an American flag))))) , (NP-SBJ an announcer) (VP talks (PP-CLR about (NP (NP the `` strong tradition) (PP of (NP (NP freedom) and (NP individual liberty))) '' (SBAR (WHNP-1 that) (S (NP-SBJ Virginians) (VP have (VP nurtured (NP *T*-1) (PP-TMP for (NP generations))))))))) .)) (TOP (S (ADVP-TMP Then) , (SBAR-TMP (ADVP just) as (S (NP-SBJ (NP an image) (PP of (NP (NP the statue) (PP of (NP Thomas Jefferson))))) (VP dissolves (PP-DIR from (NP the screen))))) , (NP-SBJ the announcer) (VP continues : `` (S (PP-LOC On (NP (NP the issue) (PP of (NP abortion)))) , (NP-SBJ-1 Marshall Coleman) (VP wants (S (S (NP-SBJ *-1) (VP to (VP take (PRT away) (NP your right (S (NP-SBJ *) (VP to (VP choose))))))) and (S (NP-SBJ *-1) (VP give (NP it) (PP-DTV to (NP the politicians)))))))) . '')) (TOP (S (NP-SBJ-3 (NP That commercial) (PRN -- (SBAR (WHNP-76 which) (S (NP-SBJ *T*-76) (VP said (SBAR 0 (S (NP-SBJ-1 Mr. Coleman) (VP wanted (S (NP-SBJ *-1) (VP to (VP (VP take (PRT away) (NP (NP the right) (PP of (NP abortion))) `` (PP-LOC (ADVP even) in (NP (NP cases) (PP of (NP rape and incest)))) , '') (NP (NP a charge) (SBAR (WHNP-2 0) (S (NP-SBJ Mr. Coleman) (VP denies (NP *T*-2)))))))))))))) --)) (VP changed (NP (NP the dynamics) (PP of (NP the campaign))) , (S-ADV (NP-SBJ *-3) (VP transforming (NP it) (PRN , (PP (ADVP at least) in (NP part)) ,) (PP-CLR into (NP (NP a referendum) (PP on (NP abortion))))))) .)) (TOP (S (NP-SBJ The ad) (VP prompted (S (NP-SBJ (NP Mr. Coleman) , (NP the former Virginia attorney general) ,) (VP to (VP launch (NP (NP a series) (PP of (NP (NP advertisements) (VP (VP created (NP *) (PP by (NP-LGS Bob Goodman))) and (VP designed (NP-2 *) (S-CLR (NP-SBJ *-2) (VP to (VP shake (NP (NP (NP Mr. Wilder 's) support) (PP-LOC among (NP (NP the very women) (SBAR (WHNP-77 who) (S (NP-SBJ-1 *T*-77) (VP were (VP attracted (NP *-1) (PP by (NP-LGS the abortion ad))))))))))))))))))))) .)) (TOP (S (S (NP-SBJ The Coleman counterattack) (VP featured (NP (NP a close-up) (PP of (NP (NP a young woman) (PP-LOC in (NP shadows))))))) and (S (NP-SBJ the ad) (VP suggested (SBAR that (S (NP-SBJ she) (VP was (VP recalling (NP an unpleasant courtroom ordeal))))))) .)) (TOP (S (NP-SBJ A voice) (VP says , `` (SQ (INTJ C'mon , now) , do n't (NP-SBJ you) (VP have (NP boyfriends)) ?) ''))) (TOP (S (ADVP-TMP Then) (NP-SBJ an announcer) (VP interjects : `` (S-CLF (NP-SBJ It) (VP was (NP-PRD Douglas Wilder) (SBAR (WHNP-78 who) (S (NP-SBJ *T*-78) (VP introduced (NP (NP a bill) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP force (S (NP-SBJ-2 (NP rape victims) (UCP (NP age 13) and (ADJP younger))) (VP to (VP be (VP interrogated (NP *-2) (PP-CLR about (NP their private lives)) (PP by (NP-LGS (NP lawyers) (PP for (NP accused rapists))))))))))))))))))) .)) (TOP (S (ADVP So) (NP-TMP (NP the next time) (SBAR (WHADVP-1 0) (S (NP-SBJ Mr. Wilder) (VP talks (PP-CLR about (NP (NP the rights) (PP of (NP women)))) (ADVP-TMP *T*-1))))) , (NP-SBJ *) (VP ask (NP him) (PP-CLR about (NP (NP this law) (SBAR (WHNP-2 0) (S (NP-SBJ-3 he) (VP tried (S (NP-SBJ *-3) (VP to (VP pass (NP *T*-2)))))))))) . '')) (TOP (S (S (NP-SBJ Mr. Wilder) (VP did (VP introduce (NP such legislation) (ADVP-TMP (NP 17 years) ago)))) , but (S (NP-SBJ he) (VP (VP did (ADVP-PRD so) (PP at (NP (NP the request) (PP of (NP a constituent))))) , (NP (NP a common legislative technique) (VP used (NP *) (PP by (NP-LGS lawmakers)))))) .)) (TOP (S (S (NP-SBJ (NP The legislation) (NP itself)) (VP noted (SBAR that (S (NP-SBJ-1 it) (VP was (VP introduced (NP *-1) `` (PP-MNR by (NP request)))))))) , '' and (S (PP-TMP in (NP 1983)) (NP-SBJ Mr. Wilder) (VP introduced (NP (NP a bill) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP protect (NP rape victims) (PP-CLR from (NP unfounded interrogation))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ People) (VP have (VP grown (ADJP-PRD tired (PP of (NP these ads)))))) and (S (NP-SBJ Coleman) (VP has (VP gotten (NP (NP the stigma) (PP of (S-NOM (NP-SBJ *) (VP being (NP-PRD a negative campaigner))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mark Rozell) , (NP (NP a political scientist) (PP-LOC at (NP Mary Washington College)))) .)) (TOP (S `` (NP-SBJ-1 Wilder) (VP (VP has (VP managed (S (NP-SBJ *-1) (VP to (VP get (PRT across) (NP the idea (SBAR that (S (NP-SBJ-2 Coleman) (VP will (VP say (NP anything) (S-PRP (NP-SBJ-3 *-2) (VP to (VP get (VP elected (S (NP-SBJ *-3) (NP-PRD governor)))))))))))))))) and (VP (PRN -- (ADJP more important) --) has (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP put (NP (NP the onus) (PP for (NP all the negative campaigning))) (PP-PUT on (NP Coleman))))))))) . '')) (TOP (S (S (NP-SBJ Mr. Coleman) (VP said (NP-TMP this week) (SBAR that (S (NP-SBJ he) (VP would (VP devote (NP (NP the remainder) (PP of (NP the political season))) (PP-CLR to (NP positive campaigning)))))))) , but (S (NP-SBJ the truce) (VP lasted (NP only hours))) .)) (TOP (S (PP-TMP By (NP Tuesday night)) , (NP-SBJ television stations) (VP were (VP carrying (NP (NP new ads) (VP featuring (S (NP-SBJ (NP Mr. Coleman) (NP himself)) (VP raising (NP (NP questions) (PP about (NP (NP (NP Mr. Wilder 's) sensitivity) (PP to (NP rape victims))))))))))) .)) (TOP (NP-HLN New Jersey :)) (TOP (S (NP-SBJ The attacks) (VP began (SBAR-TMP (WHADVP when) (S (NP-SBJ Democratic Rep. James Florio) (VP aired (NP (NP an ad) (VP featuring (NP (NP (NP a drawing) (PP of (NP Pinocchio))) and (NP (NP a photograph) (PP of (NP (NP (NP Mr. Florio 's) rival) , (NP Republican Rep. Jim Courter))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ *) (VP Remember (NP Pinocchio))) ? '' (VP says (S *T*-1)) (NP-SBJ a female voice) .)) (TOP (S `` (NP-SBJ *) (VP Consider (NP Jim Courter)) . '')) (TOP (S And (ADVP-TMP then) (NP-SBJ (NP this commercial) , (VP produced (NP *) (PP by (NP-LGS Bob Squier))) ,) (VP gets (ADVP-CLR down (PP to (NP its own (ADJP mean and dirty) business)))) .)) (TOP (S (S (NP-SBJ (NP Pictures) (PP of (NP rusted oil drums))) (VP swim (PP-CLR into (NP focus)))) , and (S (NP-SBJ the female voice) (VP purrs , `` (FRAG (NP (NP That hazardous waste) (PP-LOC on (NP his (PRN *LCB* (NP Mr. Courter 's) *RCB*) property))) -- (S (NP-SBJ the neighbors) (VP are (VP suing (PP-CLR for (NP consumer fraud)))))))) . '')) (TOP (S And (NP-SBJ (NP the nose) (PP-LOC on (NP (NP Mr. Courter 's) face))) (VP grows) .)) (TOP (S (S-1 (NP-SBJ (NP The only fraud) (ADJP involved)) , (PRN (SINV (VP cry (S *T*-1)) (NP-SBJ (NP Mr. Courter 's) partisans))) , (VP is (NP-PRD (NP the Florio commercial) (NP itself)))) , and (S (ADVP so) (NP-SBJ the Courter campaign) (VP has (VP responded (PP-MNR with (NP (NP its own Pinocchio commercial) , (VP produced (NP *) (PP by (NP-LGS Mr. Ailes)))))))) .)) (TOP (S (PP-LOC In (NP this one)) , (NP-SBJ the screen) (VP fills (PP-CLR with (NP (NP photographs) (PP of (NP both candidates))))) .)) (TOP (SINV `` (SBARQ-TPC-2 (WHNP-1 Who) (S (NP-SBJ *T*-1) (VP 's (ADVP really) (VP lying)))) ? '' (VP asks (SBARQ *T*-2)) (NP-SBJ a female voice) .)) (TOP (S `` (NP-SBJ Florio) (VP 's (VP lying (PRN , '' (S (NP-SBJ the voice) (VP goes (PRT on))) ,) (SBAR-PRP because `` (S (NP-SBJ-1 (NP the barrel) (PP-LOC on (NP (NP Courter 's) land))) ... (VP (VP contained (NP heating oil)) , (VP was (VP cleaned (NP *-1) (PRT up))) and (VP caused (NP no pollution))))))) . '')) (TOP (S (NP-SBJ (NP Mr. Courter 's) long nose) (VP shrinks (SBAR-TMP while (S (NP-SBJ Mr. Florio 's) (VP grows)))) .)) (TOP (SBARQ (WHNP-1 Who) (S (NP-SBJ *T*-1) (VP 's (VP telling (NP the truth)))) ?)) (TOP (S (NP-SBJ (NP Stephen Salmore) , (NP (NP a political scientist) (PP-LOC at (NP (NP New Jersey 's) Eagleton Institute))) ,) (VP says (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD (NP another example) (PP of (NP (NP an ad) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD (ADJP true) but (ADJP not fully accurate)))))))))))) .)) (TOP (S (S (NP-SBJ-1 Barrels) (VP were (VP dumped (NP *-1) (PP-LOC-CLR on (NP the Courter property))))) , (S (NP-SBJ-2 a complaint) (VP was (VP made (NP *-2)))) , but (S (NP-SBJ there) (VP is (NP-PRD no evidence (SBAR 0 (S (NP-SBJ the barrels) (VP were (NP-PRD (NP a serious threat) (PP to (NP the environment))))))))) .)) (TOP (S (ADVP Even so) , (PP according (PP to (NP Mr. Salmore))) , (NP-SBJ the ad) (VP was `` (ADJP-PRD devastating) '' (SBAR-PRP because (S (NP-SBJ it) (VP raised (NP (NP questions) (PP about (NP (NP Mr. Courter 's) credibility))))))) .)) (TOP (S But (NP-SBJ it) (VP 's (VP building (PP-CLR on (NP a long tradition)))) .)) (TOP (S (PP-TMP In (NP 1966)) , (PP-LOC on (NP (NP route) (PP to (NP (NP a re-election rout) (PP of (NP Democrat Frank O'Connor)))))) , (NP-SBJ-1 (NP GOP Gov. Nelson Rockefeller) (PP of (NP New York))) (VP appeared (PP-MNR in (NP person)) (S-ADV (NP-SBJ *-1) (VP saying , `` (S (SBAR-ADV If (S (NP-SBJ-2 you) (VP want (S (NP-SBJ *-2) (VP to (VP keep (S (NP-SBJ the crime rates) (ADJP-PRD high)))))))) , (NP-SBJ O'Connor) (VP is (NP-PRD your man)))))) . '')) (TOP (S (NP-SBJ-1 (NP A seat) (PP-LOC on (NP (NP the Chicago Board) (PP of (NP Trade))))) (VP was (VP sold (NP *-1) (PP-CLR for (NP (NP $ 350,000 *U*) , (ADVP down (NP $ 16,000 *U*) (PP from (NP the previous sale) (NP-TMP last Friday))))))) .)) (TOP (S (NP-SBJ-1 Seats) (ADVP-TMP currently) (VP are (VP quoted (NP *-1) (PP-CLR at (NP (NP (NP $ 331,000 *U*) , (VP bid (NP *))) , and (NP (NP $ 350,000 *U*) , (VP asked (NP *))))))) .)) (TOP (S (NP-SBJ-2 (NP The record price) (PP for (NP (NP a full membership) (PP-LOC on (NP the exchange))))) (VP is (NP-PRD $ 550,000 *U*) , (S-ADV (NP-SBJ-1 *-2) (VP set (NP *-1) (NP-TMP Aug. 31 , 1987)))) .)) (TOP (S (NP-SBJ (NP Japanese) investment (PP-LOC in (NP Southeast Asia))) (VP is (VP propelling (NP the region) (PP-DIR-CLR toward (NP economic integration)))) .)) (TOP (S (NP-SBJ (NP Interviews) (PP with (NP (NP (NP analysts) and (NP business people)) (PP-LOC in (NP the U.S.))))) (VP suggest (SBAR that (S (NP-SBJ Japanese capital) (VP may (VP produce (NP (NP the economic cooperation) (SBAR (WHNP-2 that) (S (NP-SBJ Southeast Asian politicians) (VP have (VP pursued (NP *T*-2) (PP-MNR in (NP fits and starts)) (PP-TMP for (NP decades)))))))))))) .)) (TOP (S But (NP-SBJ (NP (NP Japan 's) power) (PP-LOC in (NP the region))) (ADVP also) (VP is (VP (VP sparking (NP (NP fears) (PP of (NP domination)))) and (VP posing (NP fresh policy questions)))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ (NP The flow) (PP of (NP Japanese funds))) (VP has (VP set (PP-CLR in (NP motion)) `` (NP (NP a process) (SBAR (WHADVP-2 whereby) (S (NP-SBJ-1 these economies) (VP will (VP be (VP knitted (NP *-1) (PRT together) (PP by (NP-LGS the great Japanese investment machine)) (ADVP-MNR *T*-2)))))))))) , '' (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Robert Hormats) , (NP (NP vice chairman) (PP of (NP Goldman Sachs International Corp)))) .)) (TOP (S (PP-TMP In (NP the past five years)) , (NP-SBJ Japanese companies) (VP have (VP tripled (NP (NP their commitments) (PP-LOC in (NP Asia))) (PP-DIR to (NP (QP $ 5.57 billion) *U*)))) .)) (TOP (S (PP-LOC In (NP Thailand)) (PRN , (PP for (NP example)) ,) (NP-SBJ (NP (NP the government 's) Board) (PP of (NP Investment))) (VP approved (NP (NP (QP $ 705.6 million) *U*) (PP of (NP Japanese investment)) (NP *ICH*-1)) (PP-TMP in (NP 1988)) , (NP-1 (NP (QP 10 times) the U.S. investment figure) (PP for (NP the year)))) .)) (TOP (S (NP-SBJ (NP (NP Japan 's) commitment) (PP-LOC in (NP Southeast Asia))) (ADVP also) (VP includes (NP (NP steep increases) (PP-LOC in (NP foreign assistance and trade)))) .)) (TOP (S (NP-SBJ (NP Asia 's) other cash-rich countries) (VP are (VP (VP following (NP (NP Japan 's) lead)) and (VP pumping (NP capital) (PP-DIR into (NP the region))))) .)) (TOP (S (PP-LOC In (NP (NP Taiwan) and (NP South Korea))) , (NP-SBJ rising wages) (VP are (VP forcing (S (NP-SBJ manufacturers) (VP to (VP seek (NP (NP other overseas sites) (PP for (NP labor-intensive production)))))))) .)) (TOP (S (S (NP-SBJ (NP These nations) , (VP known (NP *) (PP-CLR as (NP (NP Asia 's) `` little tigers)))) , '' (ADVP also) (VP are (VP contributing (PP-CLR to (NP (NP Southeast Asia 's) integration))))) , but (S (NP-SBJ their influence) (VP will (VP remain (ADJP-PRD subordinate (PP to (NP Japan 's)))))) .)) (TOP (S (PP For (NP (NP recipient countries) (PP such as (NP Thailand and Malaysia)))) , (NP-SBJ the investment) (VP will (VP (VP provide (NP needed jobs)) and (VP spur (NP growth)))) .)) (TOP (S But (NP-SBJ (NP (NP Asian nations ') harsh memories) (PP of (NP (NP their military domination) (PP by (NP Japan)) (PP-TMP in (NP (NP the early part) (PP of (NP this century))))))) (VP make (S (NP-SBJ them) (ADJP-PRD fearful (PP of (S-NOM (NP-SBJ *) (VP falling (PP-LOC under (NP Japanese economic hegemony)) (ADVP-TMP now))))))) .)) (TOP (S (PP-PRP Because of (NP (NP budget constraints) (PP-LOC in (NP Washington)))) , (NP-SBJ the U.S.) (VP encourages (S (NP-SBJ Japan) (VP to (VP share (NP (NP economic burdens) (PP-LOC in (NP the region))))))) .)) (TOP (S But (NP-SBJ-1 it) (VP resists (S (NP-SBJ *-1) (VP yielding (NP political ground)))) .)) (TOP (S-2 (PP-TMP In (NP the coming decade)) (PRN , (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-2))) ,) (NP-SBJ-1 U.S.-Japanese relations) (VP will (VP be (VP tested (NP *-1) (SBAR-TMP as (S (NP-SBJ Tokyo) (VP comes (PP-CLR to (NP terms)) (PP-CLR with (NP (NP its new status) (PP as (NP (NP the region 's) economic behemoth)))))))))) .)) (TOP (S (NP-SBJ (NP (NP Japan 's) swelling investment) (PP-LOC in (NP Southeast Asia))) (VP is (NP-PRD (NP part) (PP of (NP its economic evolution)))) .)) (TOP (S (PP-TMP In (NP the past decade)) , (NP-SBJ Japanese manufacturers) (VP concentrated (PP-CLR on (NP (NP domestic production) (PP for (NP export))))) .)) (TOP (S (PP-TMP In (NP the 1990s)) , (S-ADV (NP-SBJ-1 *-2) (VP spurred (NP *-1) (PP by (NP-LGS (NP rising labor costs) and (NP the strong yen))))) , (NP-SBJ-2 these companies) (VP will (ADVP increasingly) (VP turn (NP themselves) (PP-CLR into (NP (NP multinationals) (PP with (NP (NP plants) (PP-LOC around (NP the world)))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP capture (NP the investment)))) , (NP-SBJ-1 Southeast Asian nations) (VP will (VP move (S (NP-SBJ *-1) (VP to (VP accommodate (NP Japanese business)))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-3 (NP These nations ') internal decisions) `` (VP will (VP be (VP made (NP *-3) (PP-MNR in (NP (NP a way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) not (VP to (VP offend (NP their (NX (NX largest aid donor) , (NX largest private investor) and (NX largest lender))) (ADVP-MNR *T*-1))))))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Richard Drobnick) , (NP (NP director) (PP of (NP (NP the international business and research program) (PP-LOC at (NP (NP (NP (NAC the University (PP of (NP Southern California))) 's) Graduate School) (PP of (NP Business)))))))) .)) (TOP (S (NP-SBJ-1 Japanese money) (VP will (VP help (S (NP-SBJ *-1) (VP turn (NP Southeast Asia) (PP-CLR into (NP a (ADJP more cohesive) economic region)))))) .)) (TOP (S-2 But (PRN , (S (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-1 Asian cooperation) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP parallel (NP the European Common Market approach)))))) .)) (TOP (SINV (S-TPC-1 (ADVP Rather) , (NP-SBJ Japanese investment) (VP will (VP spur (NP (NP integration) (PP of (NP certain sectors)))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Kent Calder) , (NP (NP a specialist) (PP in (NP East Asian economies)) (PP-LOC at (NP (NP (NP the Woodrow Wilson School) (PP for (NP Public and Internatonal Affairs))) (PP-LOC at (NP Princeton University)))))) .)) (TOP (S (PP-LOC In (NP electronics)) , (PP for (NP example)) , (NP-SBJ a Japanese company) (VP might (VP (VP make (NP television picture tubes) (PP-LOC in (NP Japan))) , (VP assemble (NP the sets) (PP-LOC in (NP Malaysia))) and (VP export (NP them) (PP-DIR to (NP Indonesia))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The effect) (VP will (VP be (S-PRD (NP-SBJ *) (VP to (VP pull (NP Asia) (PRT together) (PP-CLR not (PP as (NP a common market)) but (PP as (NP an integrated production zone))))))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Goldman Sachs 's) Mr. Hormats) .)) (TOP (S (NP-SBJ-1 (NP Countries) (PP-LOC in (NP the region))) (ADVP also) (VP are (VP beginning (S (NP-SBJ *-1) (VP to (VP consider (NP (NP a framework) (PP for (NP closer economic and political ties)))))))) .)) (TOP (S (NP-SBJ-1 (NP The economic and foreign ministers) (PP of (NP 12 (ADJP Asian and Pacific) nations))) (VP will (VP meet (PP-LOC in (NP Australia)) (NP-TMP next week) (S-PRP (NP-SBJ *-1) (VP to (VP discuss (NP (NP global trade issues) (CONJP as well as) (NP (NP regional matters) (PP such as (NP transportation and telecommunications))))))))) .)) (TOP (S (NP-SBJ Participants) (VP will (VP include (NP (NP (NP the U.S.) , (NP Australia) , (NP Canada) , (NP Japan) , (NP South Korea) and (NP New Zealand)) (CONJP as well as) (NP (NP (NP the six members) (PP of (NP (NP the Association) (PP of (NP Southeast Asian Nations))))) -- (NP (NP Thailand) , (NP Malaysia) , (NP Singapore) , (NP Indonesia) , (NP the Philippines) and (NP Brunei)))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-2 the U.S.) (NP-TMP this year) (VP offered (NP (NP its own plan) (PP for (NP (NP cooperation) (PP-LOC around (NP the Pacific rim))))) (PP-LOC in (NP (NP a major speech) (PP by (NP (NAC Secretary (PP of (NP State))) James Baker)) , (VP following (PRT up) (NP (NP a proposal) (VP made (NP *) (PP-TMP in (NP January)) (PP by (NP-LGS Australian Prime Minister Bob Hawke)))))))) .)) (TOP (S (NP-SBJ The Baker proposal) (VP reasserts (NP (NP Washington 's) intention (S (NP-SBJ-1 *) (VP to (VP continue (S (NP-SBJ *-1) (VP playing (NP a leading political role) (PP-LOC in (NP the region))))))))) .)) (TOP (S `` (S-1 (PP-LOC In (NP Asia)) , (SBAR-ADV as (FRAG (PP-LOC in (NP Europe)))) , (NP-SBJ a new order) (VP is (VP taking (NP-CLR shape)))) , '' (NP-SBJ Mr. Baker) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (NP-SBJ-1 The U.S.) (PRN , (PP with (NP its regional friends)) ,) (VP must (VP play (NP a crucial role) (PP in (S-NOM (NP-SBJ *) (VP designing (NP its architecture)))))) . '')) (TOP (S But (S-NOM-SBJ (NP-SBJ *) (VP maintaining (NP U.S. influence))) (VP will (VP be (ADJP-PRD difficult) (PP-LOC in (NP (NP the face) (PP of (NP (NP Japanese dominance) (PP-LOC in (NP the region)))))))) .)) (TOP (S (NP-SBJ Japan) (VP (CONJP not only) (VP outstrips (NP the U.S.) (PP-LOC in (NP investment flows))) (CONJP but also) (VP outranks (NP it) (PP-LOC in (NP (NP trade) (PP-CLR with (NP most Southeast Asian countries))))) (PRN -LRB- (SBAR-ADV although (S (NP-SBJ the U.S.) (VP remains (NP-PRD (NP the leading trade partner) (PP for (NP (NP all) (PP of (NP Asia)))))))) -RRB-)) .)) (TOP (S (ADVP Moreover) , (NP-SBJ (NP the Japanese government) , (NP (ADVP-TMP now) (NP the world 's) largest aid donor) ,) (VP is (VP pumping (NP (NP (ADJP far more) assistance) (SBAR *ICH*-2)) (PP-DIR into (NP the region)) (SBAR-2 than (S (NP-SBJ the U.S.) (VP is (VP *?*)))))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ U.S. officials) (VP voice (NP (NP optimism) (PP about (NP (NP (NP Japan 's) enlarged role) (PP-LOC in (NP Asia)))))))) , (NP-SBJ they) (ADVP also) (VP convey (NP (NP an undertone) (PP of (NP caution)))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ There) (VP 's (NP-PRD (NP an understanding (SBAR *ICH*-1)) (PP on (NP (NP the part) (PP of (NP the U.S.)))) (SBAR-1 that (S (NP-SBJ-2 Japan) (VP has (S (NP-SBJ *-2) (VP to (VP expand (NP (NP its functions) '' (PP-LOC in (NP Asia)))))))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP J. Michael Farren) , (NP (NP undersecretary) (PP of (NP commerce)) (PP for (NP trade)))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ they) (VP approach (NP it) (PP-MNR with (NP a benevolent , altruistic attitude))))) , (NP-SBJ there) (VP will (VP be (NP-PRD a net gain) (PP for (NP everyone)))) . '')) (TOP (S (NP-SBJ Some Asian nations) (VP are (ADJP-PRD apprehensive (PP about (NP (NP Washington 's) demand (SBAR that (S (NP-SBJ-1 Tokyo) (VP step (PRT up) (NP its military spending) (S-PRP (NP-SBJ *-1) (VP to (VP ease (NP (NP the U.S. security burden) (PP-LOC in (NP the region))))))))))))) .)) (TOP (S (NP-SBJ-1 The issue) (VP is (VP (ADVP further) complicated (NP *-1) (PP (PP by (NP-LGS (NP uncertainty) (PP over (NP (NP the future) (PP of (NP (NP (NP the U.S. 's) leases) (PP on (NP (NP military bases) (PP-LOC in (NP the Philippines)))))))))) and (PP by (NP-LGS (NP a possible U.S. troop reduction) (PP-LOC in (NP South Korea))))))) .)) (TOP (S (NP-SBJ Many Asians) (VP regard (NP a U.S. presence) (PP-CLR as (NP (NP a desirable counterweight) (PP to (NP Japanese influence))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ No one) (VP wants (S (NP-SBJ the U.S.) (VP to (VP (VP pick (PRT up) (NP its marbles)) and (VP go (ADVP-DIR home))))))) , '' (NP-SBJ Mr. Hormats) (VP says (S *T*-1)) .)) (TOP (S (PP For (NP their part)) , (NP-SBJ-1 (NP Taiwan) and (NP South Korea)) (VP are (VP expected (S (NP-SBJ-2 *-1) (VP to (VP step (PRT up) (NP their own investments) (PP-TMP in (NP the next decade)) (S-PRP (NP-SBJ-3 *-2) (VP to (VP try (S (NP-SBJ *-3) (VP to (VP slow (NP the Japanese juggernaut)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ They) (VP do n't (VP want (S (NP-SBJ Japan) (VP to (VP (VP monopolize (NP the region)) and (VP sew (NP it) (PRT up)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Chong-sik Lee) , (NP (NP professor) (PP of (NP East Asian politics)) (PP-LOC at (NP (NP the University) (PP of (NP Pennsylvania)))))) .)) (TOP (S (NP-SBJ Cathryn Rice) (VP could (ADVP hardly) (VP believe (NP her eyes))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ *-1) (VP giving (NP (NP the Comprehensive Test) (PP of (NP Basic Skills))) (PP-DTV to (NP ninth graders)) (PP-LOC at (NP Greenville High School)) (NP-TMP last March 16)))) , (NP-SBJ-1 she) (VP spotted (NP (NP a student) (VP looking (PP-CLR at (NP crib sheets))))) .)) (TOP (S (S (NP-SBJ She) (VP had (VP seen (NP cheating) (ADVP-TMP before)))) , but (S (NP-SBJ these notes) (VP were (ADJP-PRD uncanny))) .)) (TOP (S `` (NP-SBJ A stockbroker) (VP is (NP-PRD (NP an example) (PP of (NP (NP a profession) (PP-LOC in (NP trade and finance)))))) ... .)) (TOP (S (PP-TMP At (NP (NP the end) (PP of (NP World War II)))) , (NP-SBJ Germany) (VP surrendered (PP-TMP before (NP Japan))) ... .)) (TOP (S (NP-SBJ-1 The Senate-House conference committee) (VP is (VP used (NP *-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-3 a bill) (VP is (VP passed (NP *-3) (PP by (NP-LGS the House and Senate)) (PP-MNR in (NP different forms)) (ADVP-TMP *T*-2))))))) . '')) (TOP (S (ADVP Virtually word for word) , (NP-SBJ the notes) (VP matched (NP (NP questions and answers) (PP-LOC on (NP (NP the social-studies section) (PP of (NP (NP the test) (SBAR (WHNP-1 0) (S (NP-SBJ the student) (VP was (VP taking (NP *T*-1))))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ the student) (VP had (NP (NP the answers) (PP to (NP (NP almost all) (PP of (NP (NP the 40 questions) (PP-LOC in (NP that section)))))))) .)) (TOP (S (S (NP-SBJ The student) (VP surrendered (NP the notes))) , but (FRAG not (PP without (NP a protest))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ My teacher) (VP said (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP was (ADJP-PRD OK) (SBAR-1 for (S (NP-SBJ me) (VP to (VP use (NP the notes) (PP-LOC on (NP the test))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ (NP The teacher) (PP-LOC in (NP question))) (VP was (NP-PRD (NP Nancy Yeargin) -- (VP considered (PP by (NP-LGS many students and parents)) (S (NP-SBJ *) (VP to (VP be (NP-PRD (NP one) (PP of (NP (NP the best) (PP-LOC at (NP the school))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Confronted (NP *-1))) , (NP-SBJ-2 Mrs. Yeargin) (VP admitted (SBAR 0 (S (NP-SBJ she) (VP had (VP given (NP the questions and answers) (PP-TMP (NP-ADV two days) before (NP the examination)) (PP-DTV to (NP two low-ability geography classes))))))) .)) (TOP (S (NP-SBJ-1 She) (VP had (VP gone (ADVP (ADVP so far) (SBAR as (S (NP-SBJ *-1) (VP to (VP (VP display (NP the questions) (PP-LOC on (NP an overhead projector))) and (VP underline (NP the answers))))))))) .)) (TOP (S (NP-SBJ-1 Mrs. Yeargin) (VP was (VP (VP fired (NP *-1)) and (VP prosecuted (NP *-1) (PP-CLR under (NP (NP an unusual South Carolina law) (SBAR (WHNP-79 that) (S (NP-SBJ *T*-79) (VP makes (S (NP-SBJ (NP it) (S *EXP*-2)) (NP-PRD a crime) (S-2 (NP-SBJ *) (VP to (VP breach (NP test security))))))))))))) .)) (TOP (S (PP-TMP In (NP September)) , (NP-SBJ she) (VP (VP pleaded (ADJP-PRD guilty)) and (VP paid (NP a (ADJP $ 500 *U*) fine))) .)) (TOP (S (NP-SBJ Her alternative) (VP was (NP-PRD (NP 90 days) (PP-LOC in (NP jail)))) .)) (TOP (S (NP-SBJ Her story) (VP is (ADVP partly) (NP-PRD (NP one) (PP of (NP personal downfall)))) .)) (TOP (S (S (NP-SBJ She) (VP was (NP-PRD (NP an unstinting teacher) (SBAR (WHNP-80 who) (S (NP-SBJ *T*-80) (VP (VP won (NP laurels)) and (VP inspired (NP students)))))))) , but (S (NP-SBJ she) (VP will (ADVP probably) (ADVP-TMP never) (VP teach (ADVP-TMP again)))) .)) (TOP (S (PP-LOC In (NP her wake)) (NP-SBJ she) (VP left (NP (NP the bitterness and anger) (PP (PP of (NP (NP a principal) (SBAR (WHNP-81 who) (S (NP-SBJ *T*-81) (VP (VP was (NP-PRD her friend)) and (VP (ADVP-TMP now) calls (S (NP-SBJ her) (NP-PRD a betrayer)))))))) ; (PP of (NP (NP colleagues) (SBAR (WHNP-82 who) (S (NP-SBJ *T*-82) (VP say (SBAR 0 (S (NP-SBJ she) (VP brought (NP them) (NP shame))))))))) ; (PP of (NP (NP students and parents) (SBAR (WHNP-83 who) (S (NP-SBJ *T*-83) (VP (VP defended (NP her)) and (VP insist (SBAR 0 (S (NP-SBJ-1 she) (VP was (VP treated (NP *-1) (ADVP-MNR harshly))))))))))) ; and (PP of (NP (NP school-district officials) (ADJP stunned (SBAR that (S (PP despite (NP (NP the bald-faced nature) (PP of (NP her actions)))) , (NP-SBJ she) (VP became (NP-PRD (NP something) (PP of (NP a local martyr)))))))))))) .)) (TOP (S (NP-SBJ (NP Mrs. Yeargin 's) case) (ADVP also) (VP casts (NP some light) (PP-DIR on (NP (NP the dark side) (PP of (NP school reform)) , (SBAR-LOC (SBAR (WHADVP-1 where) (S (NP-SBJ (NP pressures) (PP on (NP teachers))) (VP are (VP growing (ADVP-LOC *T*-1))))) and (SBAR (WHADVP-2 where) (S (NP-SBJ high-stakes testing) (VP has (VP enhanced (NP the temptation (S (NP-SBJ *) (VP to (VP cheat)))) (ADVP-LOC *T*-2))))))))) .)) (TOP (S (NP-SBJ-2 (NP The 1987 statute) (SBAR (WHNP-1 0) (S (NP-SBJ Mrs. Yeargin) (VP violated (NP *T*-1))))) (VP was (VP designed (NP-3 *-2) (S-CLR (NP-SBJ *-3) (VP to (VP enforce (NP (NP provisions) (PP of (NP (NP South Carolina 's) school-improvement laws)))))))) .)) (TOP (S (NP-SBJ Prosecutors) (VP alleged (SBAR that (S (NP-SBJ-1 she) (VP was (VP trying (S (NP-SBJ *-1) (VP to (VP bolster (NP (NP students ') scores) (S-PRP (NP-SBJ *-1) (VP to (VP win (NP a bonus) (PP-LOC under (NP (NP the state 's) 1984 Education Improvement Act))))))))))))) .)) (TOP (S (NP-SBJ The bonus) (VP depended (PP-CLR on (NP her ability (S (NP-SBJ *) (VP to (VP produce (NP higher student-test scores))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP is (NP-PRD (NP incredible pressure (S *ICH*-2)) (PP-LOC on (NP school systems and teachers)) (S-2 (NP-SBJ *) (VP to (VP raise (NP test scores))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Walt Haney) , (NP (NP an (NX (NX education professor) and (NX testing specialist))) (PP-LOC at (NP Boston College)))) .)) (TOP (S `` So (NP-SBJ efforts (S (NP-SBJ *) (VP to (VP beat (NP the tests))))) (VP are (ADVP also) (PP-PRD on (NP the rise))) . '')) (TOP (S-CLF And (S-ADV (NP-SBJ *-1) (ADJP-PRD most disturbing)) , (NP-SBJ-1 it) (VP is (NP-PRD educators , not students) , (SBAR (WHNP-84 who) (S (NP-SBJ-2 *T*-84) (VP are (VP blamed (NP *-2) (PP-CLR for (NP (NP much) (PP of (NP the wrongdoing))))))))) .)) (TOP (S (NP-SBJ (NP A 50-state study) (VP released (NP *) (PP-TMP in (NP September)) (PP by (NP-LGS (NP (NP Friends) (PP for (NP Education))) , (NP an (NAC-LOC Albuquerque , N.M.) , school-research group ,))))) (VP concluded (SBAR that (S `` (NP-SBJ (NP outright cheating) (PP by (NP American educators))) '' (VP is `` (ADJP-PRD common))))) . '')) (TOP (S (NP-SBJ The group) (VP says (SBAR 0 (S (NP-SBJ standardized achievement test scores) (VP are (ADJP-PRD greatly inflated) (SBAR-PRP because (S (NP-SBJ teachers) (ADVP-TMP often) `` (VP teach (NP the test) '' (SBAR-ADV as (S (NP-SBJ Mrs. Yeargin) (VP did (VP *?*)))) , (SBAR-ADV although (S (NP-SBJ-1 most) (VP are (ADVP-TMP never) (VP caught (NP *-1)))))))))))) .)) (TOP (S (NP-SBJ (NP Evidence) (PP of (NP widespread cheating))) (VP has (VP surfaced (PP-LOC in (NP several states)) (PP-TMP in (NP the last year (QP or so))))) .)) (TOP (S (NP-SBJ (NP California 's) education department) (VP suspects (NP (NP adult responsibility) (PP for (NP (NP erasures) (PP-LOC at (NP 40 schools)) (SBAR (WHNP-85 that) (S (NP-SBJ *T*-85) (VP changed (NP wrong answers) (PP-CLR to (NP right ones)) (PP-LOC on (NP a statewide test))))))))) .)) (TOP (S (PP-TMP After (NP (NP numerous occurrences) (PP of (NP (NP questionable teacher help) (PP to (NP students)))))) , (NP-SBJ Texas) (VP is (VP revising (NP its security practices))) .)) (TOP (S And (NP-SBJ (NP sales) (PP of (NP (NP test-coaching booklets) (PP for (NP classroom instruction))))) (VP are (VP booming)) .)) (TOP (S (NP-SBJ (NP These materials) , (PP including (NP (NP Macmillan/McGraw-Hill School Publishing Co. 's) Scoring High and Learning Materials))) -- (VP are (NP-PRD (NP nothing) (ADJP short (PP of (NP sophisticated crib sheets)))) , (PP according (PP to (NP some recent academic research)))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-3) (VP using (NP them)))) , (NP-SBJ-3 teachers) (PRN -- (PP with (NP administrative blessing)) --) (VP (VP telegraph (PP-CLR to (NP students)) (ADVP-TMP beforehand) (NP (NP the precise areas) (SBAR-LOC (WHPP-1 on (WHNP which)) (S (NP-SBJ a test) (VP will (VP concentrate (PP-CLR *T*-1))))))) , and (VP (ADVP-TMP sometimes) give (PRT away) (NP a few exact questions and answers))) .)) (TOP (S (NP-SBJ (NP Use) (PP of (NP Scoring High))) (VP is (ADJP-PRD (ADJP widespread (PP-LOC in (NP South Carolina))) and (ADJP common (PP-LOC in (NP (NP Greenville County) , (NP (NP Mrs. Yeargin 's) school district)))))) .)) (TOP (S (NP-SBJ Experts) (VP say (SBAR 0 (S (NP-SBJ there) (VP is n't (NP-PRD (NP another state) (PP-LOC in (NP the country)) (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ tests) (VP mean (NP (NP as much) (SBAR as (S (NP-SBJ they) (VP do (VP *?* (PP-LOC in (NP South Carolina))))))) (ADVP-LOC *T*-1))))))))) .)) (TOP (S (PP-LOC Under (NP (NP the state 's) Education Improvement Act)) , (NP-SBJ low test scores) (VP can (VP (VP block (NP (NP students ') promotions)) or (VP force (NP entire districts) (PP-DIR into (NP (NP wrenching , state-supervised `` interventions '') (SBAR (WHNP-86 that) (S (NP-SBJ *T*-86) (VP can (VP mean (NP firings)))))))))) .)) (TOP (S (NP-SBJ High test scores) (PRN , (PP on (NP the other hand)) ,) (VP bring (NP (NP (NP recognition) and (NP extra money)) -- (NP (NP (NP a new computer lab) (PP for (NP a school))) , (NP (NP grants) (PP for (NP special projects))) , (NP (NP a bonus) (PP for (NP the superintendent)))))) .)) (TOP (S And (NP-SBJ South Carolina) (VP says (SBAR 0 (S (NP-SBJ it) (VP is (VP getting (NP results)))))) .)) (TOP (S (SBAR-TMP Since (S (NP-SBJ the reforms) (VP went (PP-CLR in (NP place))))) (PRN , (PP for (NP example)) ,) (NP-SBJ no state) (VP has (VP posted (NP (NP a higher rate) (PP of (NP improvement)) (PP-LOC on (NP the Scholastic Aptitude Test)) (SBAR than (S (NP-SBJ South Carolina) (VP *?*)))) , (SBAR-ADV although (S (NP-SBJ the state) (ADVP-TMP still) (VP posts (NP (NP the lowest average score) (PP of (NP (NP the (QP about 21) states) (SBAR (WHNP-87 who) (S (NP-SBJ *T*-87) (VP use (NP the SAT) (PP-CLR as (NP the primary college entrance examination))))))))))))) .)) (TOP (S (NP-SBJ Critics) (VP say (SBAR 0 (S (NP-SBJ South Carolina) (VP is (VP paying (NP a price) (PP-MNR by (S-NOM (NP-SBJ *) (VP stressing (NP improved test scores) (ADVP-MNR so much))))))))) .)) (TOP (S (NP-SBJ (NP Friends) (PP of (NP Education))) (VP rates (S (NP-SBJ South Carolina) (NP-PRD (NP one) (PP of (NP the worst seven states)))) (PP-LOC in (NP (NP its study) (PP on (NP academic cheating))))) .)) (TOP (SINV (VP Says (SBAR 0 (S *ICH*-3))) (NP-SBJ (NP (NP the organization 's) founder) , (NP John Cannell) ,) (S-3 (S-NOM-SBJ (NP-SBJ *) (VP prosecuting (NP Mrs. Yeargin))) (VP is `` (NP-PRD (NP a way) (SBAR for (WHADVP-4 0) (S (NP-SBJ administrators) (VP to (VP (VP protect (NP themselves) (ADVP-MNR *T*-4)) and (VP look (SBAR-PRD like (S (NP-SBJ they) (VP take (NP cheating) (ADVP-MNR seriously) (ADVP-MNR *T*-4))))) , (SBAR-TMP (WHADVP-1 when) (PP in (NP fact)) (S (NP-SBJ they) (VP do n't (VP take (NP it) (ADVP-MNR seriously) (ADVP at all) (ADVP-TMP *T*-1)))))))))))) . '')) (TOP (S (NP-SBJ (NP Paul Sandifer) , (NP (NP (NP director) (PP of (NP testing))) (PP for (NP (NP the South Carolina department) (PP of (NP education))))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP (NP Mr. Cannell 's) allegations) (PP of (NP cheating))) `` (VP are (PP-PRD (PP (ADVP purely) without (NP foundation)) , '' and (PP based (PP on (NP unfair inferences)))))))) .)) (TOP (S (PP-PRP (ADVP Partly) because of (NP (NP worries) (PP about (NP potential abuse)))) , (ADVP however) , (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ-1 the state) (VP will (VP begin (S (NP-SBJ *-1) (VP keeping (NP (NP closer track) (PP of (NP achievement-test preparation booklets))))) (NP-TMP next spring)))))) .)) (TOP (S (NP-SBJ-1 (NP South Carolina 's) reforms) (VP were (VP designed (NP *-1) (PP-CLR for (NP (NP schools) (PP like (NP Greenville High School)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Standing (PP-LOC-CLR on (NP a shaded hill)) (PP-LOC in (NP (NP a run-down area) (PP of (NP this old textile city)))))) , (NP-SBJ-1 the school) (VP has (VP educated (NP (NP many) (PP of (NP (NP South Carolina 's) best and brightest)) , (PP including (NP (NP (NP the state 's) last two governors) , (NP (ADJP (NP Nobel Prize) winning) physicist Charles Townes) and (NP actress Joanne Woodward)))))) .)) (TOP (S But (PP-TMP by (NP the early 1980s)) , (NP-SBJ (NP its glory) (PP *PPA*-1)) (VP had (VP faded (PP-MNR-1 like (NP (NP the yellow bricks) (PP of (NP its broad facade)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP was (ADJP-PRD full (PP of (NP (NP violence) and (NP gangs) and (NP (NP kids) (VP cutting (NP class)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Linda Ward) , (NP (NP the school 's) principal)) .)) (TOP (S `` (S (NP-SBJ Crime) (VP was (ADJP-PRD awful))) , (S (NP-SBJ test scores) (VP were (ADJP-PRD low))) , and (S (NP-SBJ there) (VP was (NP-PRD (NP no enrollment) (PP-LOC in (NP honors programs))))) . '')) (TOP (S (NP-SBJ-1 Mrs. Ward) (VP took (PRT over) (PP-TMP in (NP 1986)) , (S-ADV (NP-SBJ *-1) (VP becoming (NP (NP (NP the school 's) seventh principal) (PP-TMP in (NP 15 years)))))) .)) (TOP (S (NP-SBJ Her immediate predecessor) (VP suffered (NP a nervous breakdown)) .)) (TOP (S (ADVP-TMP Prior (PP to (NP his term))) , (NP-SBJ-1 a teacher) (VP bled (PP-CLR to (NP death)) (PP-LOC in (NP the halls)) , (S-ADV (NP-SBJ-2 *-1) (VP stabbed (NP *-2) (PP by (NP-LGS a student))))) .)) (TOP (S-1 (ADVP Academically) (PRN , (NP-SBJ Mrs. Ward) (VP says (SBAR 0 (S *T*-1))) ,) (NP-SBJ-2 the school) (VP was (VP having (NP trouble) (S-CLR (NP-SBJ *-2) (VP serving (PP-MNR in (NP harmony)) (NP (NP its two (ADJP (ADJP disparate) , and (ADJP evenly split) ,) student groups) : (NP (NP (NP a privileged white elite) (PP from (NP old monied neighborhoods))) and (NP (NP blacks) (PRN , (S (NP-SBJ (NP many) (PP of (NP them))) (ADJP-PRD poor)) ,) (PP from (NP run-down , inner city neighborhoods))))))))) .)) (TOP (S (S (NP-SBJ-1 Mrs. Ward) (VP resolved (S (NP-SBJ *-1) (VP to (VP (VP clean (PRT out) (NP `` (NP deadwood) '' (PP-LOC in (NP (NP the school 's) faculty)))) and (VP restore (NP safety))))))) , and (S (NP-SBJ she) (ADVP also) (VP had (NP (NP some new factors) (VP working (PP-CLR in (NP her behalf)))))) .)) (TOP (S (NP-SBJ One) (VP was (NP-PRD (NP statewide school reform) , (SBAR (WHNP-88 which) (S (NP-SBJ *T*-88) (VP (VP raised (NP overall educational funding)) and (VP ushered (PRT in) (NP (NP a new public spirit) (PP for (NP school betterment))))))))) .)) (TOP (S (NP-SBJ Another) (VP was (NP-PRD (NP Nancy Yeargin) , (SBAR (WHNP-89 who) (S (NP-SBJ-1 *T*-89) (VP came (PP-DIR to (NP Greenville)) (PP-TMP in (NP 1985)) , (S-ADV (NP-SBJ *-1) (ADJP-PRD full (PP of (NP (NP the energy and ambitions) (SBAR (WHNP-3 that) (S (NP-SBJ-2 reformers) (VP wanted (S (NP-SBJ *-2) (VP to (VP reward (NP *T*-3)))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S-NOM-SBJ (NP-SBJ *) (VP Being (NP a teacher))) (ADVP just) (VP became (NP-PRD my life))) , '' (VP says (S *T*-1)) (NP-SBJ (NP the 37-year-old Mrs. Yeargin) , (NP (NP a teacher) (PP-TMP for (NP 12 years)) (PP-TMP before (NP her dismissal)))) . ``)) (TOP (S (NP-SBJ I) (VP loved (NP (NP the school) , (NP its history))) .)) (TOP (S (NP-SBJ I) (ADVP even) (VP dreamt (PP-CLR about (NP (NP school) and (NP (NP new things) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1) (PP-CLR with (NP my students)))))))))) . '')) (TOP (S (SBAR-TMP While (S (NP-SBJ-1 Mrs. Ward) (VP (VP fired and restructured (NP staff)) and (VP struggled (S (NP-SBJ *-1) (VP to (VP improve (NP curriculum)))))))) , (NP-SBJ Mrs. Yeargin) (VP (VP worked (NP 14-hour days)) and (VP (ADVP-MNR fast) became (NP-PRD a student favorite))) .)) (TOP (S (PP-TMP In (NP 1986-87 and 1987-88)) , (NP-SBJ she) (VP (VP applied (PP-CLR for (NP *RNR*-1))) and (VP won (NP *RNR*-1)) (NP-1 bonus pay) (PP-LOC under (NP the reform law))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Encouraged (NP *-2) (PP by (NP-LGS Mrs. Ward)))) , (NP-SBJ-1 Mrs. Yeargin) (VP taught (NP (NP honor students) (PP-LOC in (NP (NP the state `` teacher cadet '' program) , (NP (NP a reform creation) (VP designed (NP-3 *) (S-CLR (NP-SBJ *-3) (VP to (VP encourage (S (NP-SBJ good students) (VP to (VP consider (NP teaching) (PP-CLR as (NP a career)))))))))))))) .)) (TOP (S (NP-SBJ-1 She) (VP (VP won (NP grant money) (PP-BNF for (NP the school))) , (VP advised (NP cheerleaders)) , (VP ran (NP the pep club)) , (VP proposed and taught (NP (NP a new `` Cultural Literacy '' class) (PP in (NP Western Civilization)))) and (VP was (VP chosen (NP *-1) (PP-LGS by (NP the school PTA)) (PP-CLR as `` (NP (NP Teacher) (PP of (NP the Year))))))) . '')) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ She) (VP was (NP-PRD an inspirational lady))) ; (S (NP-SBJ she) (VP had (S (NP-SBJ it) (ADVP-PRD all together))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Laura Dobson) , (NP (NP a freshman) (PP-LOC at (NP (NP the University) (PP of (NP South Carolina))))) (SBAR (WHNP-90 who) (S (NP-SBJ *T*-90) (VP had (NP Mrs. Yeargin) (PP-LOC in (NP the teacher-cadet class)) (NP-TMP last year))))) .)) (TOP (S (NP-SBJ She) (VP says (SBAR that (S (PP-PRP because of (NP Mrs. Yeargin)) (NP-SBJ-1 she) (VP (VP gave (PRT up) (NP (NP ambitions) (PP-LOC in (NP architecture)))) and (VP is (VP studying (S-PRP (NP-SBJ *-1) (VP to (VP become (NP-PRD a teacher)))))))))) .)) (TOP (S (NP-SBJ (NP Mary Beth Marchand) , (NP a Greenville 11th grader) ,) (ADVP also) (VP says (SBAR 0 (S (NP-SBJ Mrs. Yeargin) (VP inspired (S (NP-SBJ her) (VP to (VP go (PP-CLR into (NP education))))))))) .)) (TOP (SINV `` (S-2 (NP-SBJ She) (VP taught (NP us) (NP (NP more) (PP-LOC in (NP Western Civilization)) (SBAR than (S (NP-SBJ I) (VP 've (ADVP-TMP ever) (VP learned (PP-TMP in (NP other classes))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Kelli Green) , (NP a Greenville senior)) .)) (TOP (S-3 (PP-LOC In (NP the classroom)) (PRN , (NP-SBJ students) (VP say (SBAR 0 (S *T*-3))) ,) (NP-SBJ Mrs. Yeargin) (VP distinguished (NP herself) (PP-MNR by (S-NOM (NP-SBJ-1 *) (VP varying (NP teaching approaches) -- (S-ADV (NP-SBJ *-1) (VP (VP forcing (S (NP-SBJ-2 kids) (VP to (VP pair (PRT up) (S-PRP (NP-SBJ *-2) (VP to (VP complete (NP classroom work)))))))) or (VP using (NP (ADJP college-bowl type) competitions)))))))) .)) (TOP (S (PP-TMP On (NP weekends)) , (NP-SBJ-1 she) (VP came (PP-DIR to (VP work)) (S-PRP (S (NP-SBJ *-1) (VP to (VP prepare (NP study plans)))) or (S (ADVP-TMP sometimes) , (ADVP even) (NP-SBJ *-1) (VP to (VP polish (NP (NP the furniture) (PP-LOC in (NP her classroom)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ She) (ADVP just) (ADVP-TMP never) (VP gave (NP it) (PRT up))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mary Marchand) , (NP (NP Mary Beth 's) mother)) .)) (TOP (S `` (NP-SBJ You) (VP 'd (VP see (S (NP-SBJ her) (VP correcting (NP homework) (PP-LOC in (NP the stands)) (PP-LOC at (NP a football game)))))) . '')) (TOP (S (NP-SBJ Some fellow teachers) , (ADVP however) , (VP viewed (NP Mrs. Yeargin) (PP-CLR as (ADJP (ADJP cocky) and (ADJP too yielding (PP to (NP students)))))) .)) (TOP (S (NP-SBJ Mrs. Ward) (VP says (SBAR 0 (S (NP-SBJ she) (ADVP-TMP often) (VP defended (NP her) (PP-CLR to (NP (NP colleagues) (SBAR (WHNP-91 who) (S (NP-SBJ *T*-91) (VP called (S (NP-SBJ her) (NP-PRD a grandstander))))))))))) .)) (TOP (S (NP-SBJ-1 Pressures) (VP began (S (NP-SBJ *-1) (VP to (VP build)))) .)) (TOP (S (NP-SBJ Friends) (VP told (NP her) (SBAR 0 (S (NP-SBJ she) (VP was (VP pushing (ADVP-MNR too hard)))))) .)) (TOP (S (PP-PRP Because of (NP deteriorating hearing)) , (NP-SBJ she) (VP told (NP colleagues) (SBAR 0 (S (NP-SBJ she) (VP feared (SBAR 0 (S (NP-SBJ-1 she) (VP might not (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP teach (ADVP-TMP much longer))))))))))))) .)) (TOP (S (NP-SBJ (NP Mrs. Yeargin 's) extra work) (VP was (ADVP also) (VP helping (S (NP-SBJ her) (VP earn (NP points) (PP-LOC in (NP (NP the state 's) incentive-bonus program)))))) .)) (TOP (S But (NP-SBJ (NP the most important source) (PP of (NP points))) (VP was (NP-PRD (NP student improvement) (PP-LOC on (NP tests)))) .)) (TOP (S (NP-SBJ (NP Huge gains) (PP by (NP her students)) (PP-TMP in (NP 1987 and 1988))) (VP meant (NP (NP (NP a total) (PP of (NP $ 5,000 *U*)) (PP in (NP bonuses)) (PP-TMP over (NP two years))) (PRN -- (NP (NP a meaningful addition) (PP to (NP (NP her annual salary) (PP of (NP $ 23,000 *U*)))))))) .)) (TOP (S (S-TPC-1 (S-NOM-SBJ (NP-SBJ *) (VP Winning (NP a bonus) (PP-TMP for (NP a third year)))) (VP was n't (ADJP-PRD that important (PP to (NP her))))) , (NP-SBJ Mrs. Yeargin) (VP insists (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ (NP others) (PP-LOC at (NP Greenville High))) (VP say (SBAR 0 (S (NP-SBJ-1 she) (VP was (ADJP-PRD eager (S (NP-SBJ *-1) (VP to (VP win)))) (PRN -- (PP if not (PP for (NP money)) , then (PP for (NP pride and recognition)))))))) .)) (TOP (S (NP-SBJ (NP Mary Elizabeth Ariail) , (NP another social-studies teacher) ,) (VP says (SBAR 0 (S (NP-SBJ she) (VP believed (SBAR 0 (S (NP-SBJ-1 Mrs. Yeargin) (VP wanted (S (NP-SBJ *-1) (VP to (VP keep (S (NP-SBJ her standing) (ADJP-PRD high)) (SBAR-PRP so (S (NP-SBJ she) (VP could (VP get (NP (NP a new job) (SBAR (WHNP-92 that) (S (NP-SBJ *T*-92) (VP would n't (VP demand (NP good hearing)))))))))))))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ Mrs. Yeargin) (VP was (ADJP-PRD interested (PP in (NP (NP a possible job) (PP with (NP the state teacher cadet program)))))) .)) (TOP (S (NP-TMP Last March) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP attending (NP a teaching seminar) (PP-TMP in (NP Washington))))) , (NP-SBJ-1 Mrs. Yeargin) (VP says (SBAR 0 (S (NP-SBJ-2 she) (VP returned (PP-DIR to (NP Greenville)) (PP-TMP (NP two days) before (NP annual testing)) (S (NP-SBJ *-2) (VP feeling (SBAR that (S (NP-SBJ she) (VP had n't (VP prepared (NP her low-ability geography students) (ADVP-MNR adequately))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 test booklets) (VP were (VP passed (NP *-1) (ADVP out) (ADVP-TMP (NP 48 hours) ahead (PP of (NP time))) (ADVP-TMP *T*-2))))) , (NP-SBJ she) (VP says (SBAR 0 (S (NP-SBJ she) (VP (VP copied (NP (NP questions) (PP-LOC in (NP the (NP social studies section))))) and (VP gave (NP the answers) (PP-DIR to (NP students))))))) .)) (TOP (S (NP-SBJ Mrs. Yeargin) (VP (VP admits (SBAR 0 (S (NP-SBJ she) (VP made (NP a big mistake))))) but (VP insists (SBAR 0 (S (NP-SBJ her motives) (VP were (ADJP-PRD correct)))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 I) (VP was (VP trying (S (NP-SBJ *-1) (VP to (VP help (NP (NP kids) (PP-LOC in (NP an unfair testing situation))))))))) , '' (NP-SBJ she) (VP says (S *T*-2)) .)) (TOP (S `` (NP-SBJ (QP Only five of the 40) questions) (VP were (NP-PRD geography questions)) .)) (TOP (S (NP-SBJ The rest) (VP were (NP-PRD (NP history , sociology , finance) (PRN -- (NP (NP subjects) (SBAR (WHNP-1 0) (S (NP-SBJ they) (ADVP-TMP never) (VP had (NP *T*-1)))))))) . '')) (TOP (S (NP-SBJ Mrs. Yeargin) (VP says (SBAR that (S (NP-SBJ-1 she) (ADVP also) (VP wanted (S (NP-SBJ-2 *-1) (VP to (VP help (S (NP-SBJ *-2) (VP lift (NP (NP (NP Greenville High School 's) overall test scores) , (PP-LOC (ADVP-TMP usually) near (NP (NP the bottom) (PP of (NP 14 district high schools)) (PP-LOC in (NP (NP rankings) (VP carried (NP *) (ADVP-TMP annually) (PP by (NP-LGS local newspapers))))))))))))))))) .)) (TOP (S-1 (ADVP Mostly) (PRN , (NP-SBJ she) (VP says (SBAR 0 (S *T*-1))) ,) (NP-SBJ-2 she) (VP wanted (S (NP-SBJ *-2) (VP to (VP prevent (NP (NP the damage) (PP to (NP self-esteem)) (SBAR (WHNP-3 that) (S (NP-SBJ her low-ability students) (VP would (VP suffer (NP *T*-3) (PP-CLR from (S-NOM (NP-SBJ *) (VP doing (ADVP-MNR badly) (PP-LOC on (NP the test)))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ These kids) (VP broke (NP my heart))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S `` (S (NP-SBJ A whole day) (VP goes (ADVP-CLR by))) and (S (NP-SBJ no one) (ADVP even) (VP knows (SBAR 0 (S (NP-SBJ they) (VP 're (ADJP-PRD alive)))))) .)) (TOP (S (NP-SBJ They) (VP (ADVP-MNR desperately) needed (NP (NP somebody) (SBAR (SBAR (WHNP-93 who) (S (NP-SBJ *T*-93) (VP showed (SBAR 0 (S (NP-SBJ they) (VP cared (PP-CLR for (NP them)))))))) , (SBAR (WHNP-94 who) (S (NP-SBJ *T*-94) (VP loved (NP them))))))) .)) (TOP (S (NP-SBJ (NP The last thing) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP needed (NP *T*-1))))) (VP was (NP-PRD another drag-down blow)) . '')) (TOP (S (NP-SBJ (NP School officials) and (NP prosecutors)) (VP say (SBAR 0 (S (NP-SBJ Mrs. Yeargin) (VP is (VP lying))))) .)) (TOP (S (NP-SBJ They) (VP found (NP (NP students) (PP-LOC in (NP an advanced class)) (ADVP-TMP (NP a year) earlier) (SBAR (WHNP-95 who) (S (NP-SBJ *T*-95) (VP said (SBAR 0 (S (NP-SBJ she) (VP gave (NP them) (NP similar help)))))))) , (SBAR-ADV although (S (SBAR-PRP because (S (NP-SBJ the case) (VP was n't (VP tried (PP-LOC in (NP court)))))) , (NP-SBJ-1 this evidence) (VP was (ADVP-TMP never) (VP presented (NP *-1) (ADVP-MNR publicly)))))) .)) (TOP (SINV `` (S (NP-SBJ That) (ADVP pretty much) (VP defeats (NP any inkling (SBAR that (S (NP-SBJ-1 she) (VP was (ADVP-PRD out (S (NP-SBJ *-1) (VP to (VP help (NP the poor underprivileged child))))))))))) , '' (VP says) (NP-SBJ (NP Joe Watson) , (NP (NP the prosecutor) (PP-LOC in (NP the case)) , (SBAR (WHNP-96 who) (S (NP-SBJ *T*-96) (VP is (ADVP also) (NP-PRD (NP president) (PP of (NP (NP Greenville High School 's) alumni association)))))))) .)) (TOP (S (NP-SBJ-1 Mrs. Yeargin) (VP concedes (SBAR that (S (NP-SBJ she) (VP went (PP-CLR over (NP the questions)) (PP-LOC in (NP the earlier class))))) , (S-ADV (NP-SBJ *-1) (VP adding : `` (S (NP-SBJ-2 I) (VP wanted (S (NP-SBJ *-2) (VP to (VP help (NP all '' students))))))))) .)) (TOP (S (NP-SBJ Mr. Watson) (VP says (SBAR 0 (S (NP-SBJ Mrs. Yeargin) (ADVP-TMP never) (VP complained (PP-CLR to (NP school officials)) (SBAR that (S (NP-SBJ the standardized test) (VP was (ADJP-PRD unfair)))))))) .)) (TOP (S `` (SQ-TPC-1 Do (NP-SBJ I) (VP have (NP (NP much sympathy) (PP for (NP her)))) ?) '' (NP-SBJ Mr. Watson) (VP asks (SQ *T*-1)) .)) (TOP (ADVP `` Not really .)) (TOP (S (NP-SBJ I) (VP believe (PP-CLR in (NP the system))) .)) (TOP (S (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ-1 you) (VP have (S (NP-SBJ-2 *-1) (VP to (VP use (NP the system) (S-PRP (NP-SBJ *-2) (VP to (VP change (NP it))))))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-97 What) (S (NP-SBJ she) (VP did (NP *T*-97)))) (VP was (PP-PRD like (S-NOM (NP-SBJ *) (VP taking (NP the law) (PP-CLR into (NP your own hands)))))) . '')) (TOP (S (NP-SBJ Mrs. Ward) (VP says (SBAR that (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-4 the cheating) (VP was (VP discovered (NP *-4) (ADVP-TMP *T*-1))))) , (NP-SBJ-2 she) (VP wanted (S (NP-SBJ *-2) (VP to (VP avoid (NP (NP the morale-damaging public disclosure) (SBAR (WHNP-3 that) (S (NP-SBJ a trial) (VP would (VP bring (NP *T*-3))))))))))))) .)) (TOP (S (NP-SBJ She) (VP says (SBAR 0 (S (NP-SBJ she) (VP (VP offered (NP Mrs. Yeargin) (NP a quiet resignation)) and (VP thought (SBAR 0 (S (NP-SBJ-1 she) (VP could (VP help (S (NP-SBJ *-1) (VP save (NP her teaching certificate)))))))))))) .)) (TOP (S (NP-SBJ Mrs. Yeargin) (VP declined) .)) (TOP (S `` (NP-SBJ She) (VP said (NP (NP something) (PP like ` (S (NP-SBJ-1 You) (ADVP just) (VP want (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ it) (ADJP-PRD easy (PP for (NP the school)))))))))))) . ')) (TOP (S (S-TPC-1 (NP-SBJ I) (VP was (ADJP-PRD dumbfounded))) , '' (NP-SBJ Mrs. Ward) (VP recalls (S *T*-1)) .)) (TOP (S `` (NP-SBJ It) (VP was (SBAR-PRD like (S (NP-SBJ someone) (VP had (VP turned (NP a knife) (PP-LOC-CLR in (NP me))))))) . '')) (TOP (S (PP (PP To (NP (NP the astonishment and dismay) (PP of (NP (NP her superiors) and (NP legal authorities))))) -- and (ADVP perhaps) (PP as (NP (NP a measure) (PP of (NP (NP the unpopularity) (PP of (NP standardized tests)))))) --) (NP-SBJ Mrs . Yeargin) (VP won (NP widespread local support)) .)) (TOP (S (NP-SBJ-4 (NP The school-board hearing) (SBAR-LOC (WHPP-1 at (WHNP which)) (S (NP-SBJ-2 she) (VP was (VP dismissed (NP *-2) (PP-LOC *T*-1)))))) (VP was (VP crowded (NP *-4) (PP-CLR with (NP (NP students , teachers and parents) (SBAR (WHNP-98 who) (S (NP-SBJ-3 *T*-98) (VP came (S-PRP (NP-SBJ *-3) (VP to (VP testify (PP-CLR on (NP her behalf)))))))))))) .)) (TOP (S (NP-SBJ Supportive callers) (VP decried (NP (NP unfair testing) , not (NP Mrs. Yeargin) ,) (PP-LOC on (NP (NP a local radio talk show) (SBAR-LOC (WHPP-1 on (WHNP which)) (S (NP-SBJ she) (VP appeared (PP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ-1 The show) (VP did n't (VP give (NP (NP the particulars) (PP of (NP (NP Mrs. Yeargin 's) offense))) , (S-ADV (NP-SBJ *-1) (VP saying (ADVP only) (SBAR that (S (NP-SBJ she) (VP helped (S (NP-SBJ students) (VP do (ADVP-MNR better) (PP-LOC on (NP the test))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ (NP The message) (PP to (NP (NP the board) (PP of (NP education)))) (PP out (PP of (NP all this)))) (VP is (SBAR-PRD 0 (S (NP-SBJ-1 we) (VP 've (VP got (S (NP-SBJ *-1) (VP to (VP take (NP (NP a serious look) (PP at (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ we) (VP 're (VP doing (NP (NP our curriculum) and (NP our testing policies)) (ADVP-MNR *T*-2) (PP-LOC in (NP this state))))))))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ the talk-show host) .)) (TOP (S (NP-SBJ (NP Editorials) (PP-LOC in (NP the Greenville newspaper))) (VP (VP allowed (SBAR that (S (NP-SBJ Mrs. Yeargin) (VP was (ADJP-PRD wrong))))) , but (VP (ADVP also) said (SBAR 0 (S (NP-SBJ the case) (VP showed (SBAR (WHADVP-1 how) (S (NP-SBJ-2 testing) (VP was (VP being (VP overused (NP *-2) (ADVP-MNR *T*-1))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The radio show) `` (VP enraged (NP us))) , '' (VP says (S *T*-1)) (NP-SBJ Mrs. Ward) .)) (TOP (S-1 (PP-PRP (ADVP Partly) because of (NP the show)) (PRN , (S (NP-SBJ Mr. Watson) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 the district) (VP decided not (S (NP-SBJ *-2) (VP to (VP recommend (NP Mrs. Yeargin) (PP-CLR for (NP (NP a first-time offenders program) (SBAR (WHNP-99 that) (S (NP-SBJ *T*-99) (VP could (VP have (VP expunged (NP (NP the charges) and (NP the conviction)) (PP-CLR from (NP her record))))))))))))) .)) (TOP (S And (NP-SBJ legal authorities) (VP cranked (PRT up) (NP (NP an investigation) (ADJP worthy (PP of (NP a murder case))))) .)) (TOP (S (NP-SBJ-1 (NP (QP Over 50) witnesses) , (NP mostly students) ,) (VP were (VP interviewed (NP *-1))) .)) (TOP (S (PP-LOC At (NP Greenville High School)) , (ADVP-TMP meanwhile) , (NP-SBJ-1 (NP some students) -- (PP-LOC (ADVP especially) on (NP the cheerleading squad)) --) (VP were (VP crushed (NP *-1))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP explain (PP-DIR-CLR to (NP a 17-year-old)) (SBAR-PRP (WHADVP why) (S (NP-SBJ-3 (NP someone) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP like (NP *T*-2))))) (VP had (S (NP-SBJ *-3) (VP to (VP go))))))))))) , '' (VP says (S *T*-4)) (NP-SBJ Mrs. Ward) .)) (TOP (S (ADVP-TMP Soon) , (NP-SBJ (NP T-shirts) (SBAR *ICH*-1)) (VP appeared (PP-LOC in (NP the corridors)) (SBAR-1 (WHNP-2 that) (S (NP-SBJ *T*-2) (VP carried (NP (NP the school 's) familiar red-and-white GHS logo) (PP-LOC on (NP the front)))))) .)) (TOP (S (PP-LOC On (NP the back)) , (NP-SBJ the shirts) (VP read , `` (S (NP-SBJ We) (VP have (NP all the answers)))) . '')) (TOP (S (NP-SBJ Many colleagues) (VP are (ADJP-PRD angry (PP at (NP Mrs. Yeargin)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ She) (VP did (NP (NP a lot) (PP of (NP harm))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Cathryn Rice) , (SBAR (WHNP-100 who) (S (NP-SBJ *T*-100) (VP had (VP discovered (NP the crib notes)))))) .)) (TOP (S `` (S (NP-SBJ We) (VP work (ADVP-MNR damn hard) (PP-CLR at (SBAR-NOM (WHNP-101 what) (S (NP-SBJ we) (VP do (NP *T*-101))))) (PP for (NP (ADJP damn little) pay)))) , and (S (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ she) (VP did (NP *T*-1)))) (VP cast (NP unfair aspersions) (PP-CLR on (NP (NP all) (PP of (NP us)))))) . '')) (TOP (S But (NP-SBJ several teachers) (ADVP also) (VP say (SBAR 0 (S (NP-SBJ the incident) (VP casts (NP doubt) (PP-CLR on (NP (NP the wisdom) (PP of (S-NOM (NP-SBJ *) (VP evaluating (NP teachers or schools) (PP-MNR by (S-NOM (NP-SBJ *) (VP using (NP standardized test scores))))))))))))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ (NP Gayle Key) , (NP a mathematics teacher) ,) `` (S-1 (NP-SBJ The incentive pay thing) (VP has (VP opened (PRT up) (NP (NP a can) (PP of (NP worms)))))) .)) (TOP (S (NP-SBJ There) (VP may (VP be (NP-PRD (NP others) (VP doing (SBAR-NOM (WHNP-1 what) (S (NP-SBJ she) (VP did (NP *T*-1)))))))) . '')) (TOP (S (NP-SBJ Mrs. Yeargin) (VP says (SBAR 0 (S (NP-SBJ she) (VP pleaded (ADJP-PRD guilty) (SBAR-PRP (SBAR because (S (NP-SBJ she) (VP realized (SBAR 0 (S (NP-SBJ-1 (NP it) (S *EXP*-2)) (VP would (ADVP-TMP no longer) (VP be (ADJP-PRD possible) (S-2 (NP-SBJ *-1) (VP to (VP win (NP reinstatement))))))))))) , and (SBAR-PRP because (S (NP-SBJ she) (VP was (ADJP-PRD afraid (PP of (NP further charges))))))))))) .)) (TOP (S (NP-SBJ Mrs. Ward) (PRN , (PP for (NP one)) ,) (VP was (ADJP-PRD relieved)) .)) (TOP (S-2 (PP Despite (NP (NP the strong evidence) (PP against (NP Mrs. Yeargin)))) , (NP-SBJ (NP popular sentiment) (PP *ICH*-1)) (VP was (ADJP-PRD (ADJP so strong) (SBAR *ICH*-3)) (PP-1 in (NP her favor)) (PRN , (S (NP-SBJ Mrs. Ward) (VP says (SBAR 0 (S *T*-2)))) ,) (SBAR-3 that `` (S (NP-SBJ I) (VP 'm (ADJP-PRD afraid (SBAR 0 (S (NP-SBJ a jury) (VP would n't (VP have (VP convicted (NP her))))))))))) .)) (TOP (S (SBAR-TMP Since (S (NP-SBJ chalk) (ADVP-TMP first) (VP touched (NP slate)))) , (NP-SBJ-1 schoolchildren) (VP have (VP wanted (S (NP-SBJ *-1) (VP to (VP know : (SBARQ (WHNP-2 What) (SQ 's (NP-SBJ *T*-2) (PP-LOC-PRD on (NP the test))) ?)))))))) (TOP (S (NP-TMP These days) , (NP-SBJ students) (VP can (ADVP-TMP often) (VP find (NP the answer) (PP-LOC in (NP (NP test-coaching workbooks and worksheets) (SBAR (WHNP-1 0) (S (NP-SBJ their teachers) (VP give (NP them) (NP *T*-1) (PP-TMP in (NP (NP the weeks) (ADVP prior (PP to (S-NOM (NP-SBJ *) (VP taking (NP standardized achievement tests)))))))))))))) .)) (TOP (S (NP-SBJ (NP The mathematics section) (PP of (NP the (ADJP widely used) (NX-TTL California Achievement Test)))) (VP asks (NP fifth graders) : `` (SBARQ-NOM (WHNP-1 What) (SQ is (NP-SBJ *T*-1) (NP-PRD (NP another name) (PP for (NP the Roman numeral IX)))) ?) ''))) (TOP (S (NP-SBJ It) (ADVP also) (VP asks (NP-1 them) (S (NP-SBJ *-1) (VP to (VP add (NP two-sevenths and three-sevenths))))) .)) (TOP (S (NP-SBJ (NP Worksheets) (PP-LOC in (NP (NP (NP a test-practice kit) (VP called (S (NP-SBJ *) (NP-PRD-TTL Learning Materials)))) , (VP sold (NP *) (PP-DTV to (NP (NP schools) (ADVP-LOC across (NP the country)))) (PP by (NP-LGS Macmillan/McGraw-Hill School Publishing Co.))) ,))) (VP contain (NP the same questions)) .)) (TOP (S (PP-LOC In (NP many other instances)) , (NP-SBJ there) (VP is (NP-PRD (NP almost no difference) (PP-LOC between (NP (NP the real test) and (NP-TTL Learning Materials))))) .)) (TOP (S (SBAR-ADV (WHNP-102 What) (S (NP-SBJ *T*-102) (VP 's (ADJP-PRD more)))) , (NP-SBJ-1 (NP the test) and (NP-TTL Learning Materials)) (VP are (ADVP both) (VP produced (NP *-1) (PP by (NP-LGS (NP the same company) , (NP Macmillan/McGraw-Hill) , (NP (NP a joint venture) (PP of (NP (NP McGraw-Hill Inc.) and (NP (NP (NP Macmillan 's) parent) , (NP (NP Britain 's) Maxwell Communication Corp))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Close parallels) (PP-LOC between (NP (NP tests) and (NP practice tests)))) (VP are (ADJP-PRD common))) , (NP-SBJ some educators and researchers) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Test-preparation booklets , software and worksheets) (VP are (NP-PRD a booming publishing subindustry)) .)) (TOP (S But (NP-SBJ some practice products) (VP are (ADJP-PRD (ADJP so similar (PP to (NP (NP the tests) (NP themselves)))) (SBAR that (S (NP-SBJ critics) (VP say (SBAR 0 (S (NP-SBJ they) (VP represent (NP (NP a form) (PP of (NP school-sponsored cheating))))))))))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-ADV If (S (NP-SBJ I) (VP took -LCB- (NP these preparation booklets) -RCB- (PP-DIR into (NP my classroom))))) , (NP-SBJ-1 I) (VP 'd (VP have (NP (NP a hard time) (S-NOM (NP-SBJ *-1) (VP justifying (PP-CLR to (NP my students and parents)) (SBAR that (S (NP-SBJ it) (VP was n't (NP-PRD cheating)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP John Kaminski) , (NP (NP a (NAC-LOC Traverse City , Mich. ,) teacher)) (SBAR (WHNP-103 who) (S (NP-SBJ *T*-103) (VP has (VP studied (NP test coaching)))))) .)) (TOP (S (NP-SBJ (NP He) and (NP other critics)) (VP say (SBAR 0 (S (NP-SBJ such coaching aids) (VP can (VP defeat (NP (NP the purpose) (PP of (NP standardized tests)) , (SBAR (WHNP-104 which) (S (NP-SBJ *T*-104) (VP is (S-PRD (NP-SBJ *) (VP to (VP gauge (NP learning progress))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ It) (VP 's (SBAR-PRD as if (S (NP-SBJ-1 France) (VP decided (S (NP-SBJ *-1) (VP to (VP give (NP only French history questions) (PP-DTV to (NP (NP students) (PP-LOC in (NP a European history class)))))))))))) , and (S (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ everybody) (VP aces (NP the test) (ADVP-TMP *T*-3)))) , (NP-SBJ they) (VP say (SBAR 0 (S (NP-SBJ their kids) (VP are (ADJP-PRD good (PP-LOC in (NP European history))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP John Cannell) , (NP (NP an (NAC-LOC Albuquerque , N.M. ,) psychiatrist) and (NP (NP founder) (PP of (NP (NP an educational research organization) , (NP (NP Friends) (PP for (NP Education))) , (SBAR (WHNP-105 which) (S (NP-SBJ *T*-105) (VP has (VP studied (NP standardized testing)))))))))) .)) (TOP (S (NP-SBJ-1 Standardized achievement tests) (VP are (VP given (NP *-1) (NP-TMP (NP (QP about 10 million) times) (NP-ADV a year)) (ADVP-LOC across (NP the country)) (PP-DTV to (NP (NP students) (PP (ADVP generally) (PP from (NP kindergarten)) (PP through (NP eighth grade))))))) .)) (TOP (S (NP-SBJ (NP The (ADJP most widely used)) (PP of (NP these tests))) (VP are (NP-PRD (NP (NP Macmillan/McGraw 's) (NX (NX-TTL CAT) and (NX-TTL (NP Comprehensive Test) (PP of (NP Basic Skills))))) ; (NP (NP the (NX-TTL (NP Iowa Test) (PP of (NP Basic Skills)))) , (PP by (NP Houghton Mifflin Co.))) ; and (NP (NP Harcourt Brace Jovanovich Inc. 's) (NX (NX-TTL Metropolitan Achievement Test) and (NX-TTL Stanford Achievement Test))))) .)) (TOP (S (S (NP-SBJ-1 (NP Sales figures) (PP of (NP the test-prep materials))) (VP are n't (VP known (NP *-1)))) , but (S (NP-SBJ (NP their reach) (PP-DIR into (NP schools))) (VP is (ADJP-PRD significant))) .)) (TOP (S (PP-LOC In (NP (NP Arizona) , (NP California) , (NP Florida) , (NP Louisiana) , (NP Maryland) , (NP New Jersey) , (NP South Carolina) and (NP Texas))) , (NP-SBJ educators) (VP say (SBAR 0 (S (NP-SBJ they) (VP are (NP-PRD common classroom tools))))) .)) (TOP (S (NP-SBJ Macmillan/McGraw) (VP says (SBAR 0 (S (NP-SBJ-1 `` (NP (QP well over 10 million)) '' (PP of (NP its (NX-TTL Scoring High) test-preparation books))) (VP have (VP been (VP sold (NP *-1) (PP-TMP since (NP (NP their introduction) (ADVP-TMP (NP 10 years) ago))) , (PP with (FRAG (NP-SBJ most sales) (PP-TMP in (NP the last five years)))))))))) .)) (TOP (S (NP-SBJ-1 (NP (QP About 20,000) sets) (PP of (NP (NP (NX-TTL Learning Materials) teachers ') binders))) (VP have (ADVP also) (VP been (VP sold (NP *-1) (PP-TMP in (NP the past four years))))) .)) (TOP (S (NP-SBJ (NP The materials) (PP-LOC in (NP each set))) (VP reach (NP (QP about 90) students)) .)) (TOP (S (NP-SBJ (NP-TTL Scoring High) and (NP-TTL Learning Materials)) (VP are (NP-PRD the best-selling preparation tests)) .)) (TOP (S (NP-SBJ (NP Michael Kean) , (NP (NP director) (PP of (NP marketing)) (PP for (NP (NP CTB Macmillan/McGraw) , (NP (NP the Macmillan/McGraw division) (SBAR (WHNP-106 that) (S (NP-SBJ *T*-106) (VP publishes (NP-TTL Learning Materials))))) ,)))) (VP says (SBAR 0 (S (NP-SBJ-1 it) (VP is n't (VP aimed (NP *-1) (PP-CLR at (S-NOM (NP-SBJ *) (VP improving (NP test scores))))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP asserted (SBAR that (S (NP-SBJ-1 exact questions) (VP were n't (VP replicated (NP *-1)))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ-2 *) (VP referred (NP *-2) (PP-CLR to (NP (NP the questions) (SBAR (WHNP-107 that) (S (NP-SBJ *T*-107) (VP matched))))) (ADVP-TMP *T*-1)))) , (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (ADJP-PRD coincidental))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Kaminski) , (NP the schoolteacher)) , and (NP (NP William Mehrens) , (NP a Michigan State University education professor)) ,) (VP concluded (PP-LOC in (NP a study)) (NP-TMP last June) (SBAR that (S (NP-SBJ-2 (NP CAT test versions) (PP of (NP (NP-TTL Scoring High) and (NP-TTL Learning Materials)))) (VP should n't (VP be (VP used (NP *-2) (PP-LOC in (NP the classroom)) (PP-PRP because of (NP (NP their similarity) (PP to (NP the actual test)))))))))) .)) (TOP (S (NP-SBJ-1 They) (VP devised (NP a 69-point scale) (PRN -- (S-ADV (NP-SBJ *-1) (VP awarding (NP one point) (PP-CLR for (NP (NP each subskill) (VP measured (NP *) (PP-LOC on (NP the CAT test))))))) --) (S-PRP (NP-SBJ *-1) (VP to (VP rate (NP (NP the closeness) (PP of (NP test preparatives)) (PP to (NP the fifth-grade CAT))))))) .)) (TOP (S-1 (SBAR-PRP Because (S (NP-SBJ (NP many) (PP of (NP these subskills)) (PRN -- (NP (NP (NP (NP the symmetry) (PP of (NP geometrical figures))) , (NP (NP metric measurement) (PP of (NP volume))) , or (NP pie and bar graphs) ,) (PP for (NP example))) --)) (VP are (NP-PRD (NP (ADVP only) a small part) (PP of (NP the total fifth-grade curriculum)))))) (PRN , (NP-SBJ Mr. Kaminski) (VP says (SBAR 0 (S *T*-1))) ,) (NP-SBJ the preparation kits) (VP would n't (VP replicate (NP too many) , (SBAR-ADV if (S (NP-SBJ their real intent) (VP was (NP-PRD (NP general instruction) or (ADVP even) (NP (NP general familiarization) (PP with (NP test procedures))))))))) .)) (TOP (S But (NP-TTL-SBJ Learning Materials) (VP matched (PP-LOC on (NP (QP 66.5 of 69) subskills))) .)) (TOP (S (NP-TTL-SBJ Scoring High) (VP matched (PP-LOC on (NP 64.5))) .)) (TOP (S (PP-LOC In (NP (NP CAT sections) (SBAR (WHADVP-2 where) (S (NP-SBJ-1 (NP (NP students ') knowledge) (PP of (NP two-letter consonant sounds))) (VP is (VP tested (NP *-1) (ADVP-LOC *T*-2))))))) , (NP-SBJ the authors) (VP noted (SBAR that (S (NP-TTL-SBJ Scoring High) (VP concentrated (PP-CLR on (NP (NP the same sounds) (SBAR (WHNP-4 that) (S (NP-SBJ the test) (VP does (VP *?* (NP *T*-4))))))) -- (PP to (NP (NP the exclusion) (PP of (NP (NP other sounds) (SBAR (WHNP-3 that) (S (NP-SBJ fifth graders) (VP should (VP know (NP *T*-3))))))))))))) .)) (TOP (S (NP-SBJ (NP-TTL Learning Materials) (PP for (NP the fifth-grade))) (VP contains (NP (NP (QP at least a dozen) examples) (PP of (NP (NP exact matches) or (NP (NP close parallels) (PP to (NP test items))))))) .)) (TOP (S (NP-SBJ (NP Rick Brownell) , (NP (NP senior editor) (PP of (NP-TTL Scoring High))) ,) (VP says (SBAR that (S (NP-SBJ Messrs. Kaminski and Mehrens) (VP are (VP ignoring `` (NP (NP the need) (SBAR (WHNP-1 0) (S (NP-SBJ students) (VP have (NP *T*-1) (PP for (S-NOM (NP-SBJ *) (VP becoming (ADJP-PRD familiar (PP with (NP (NP tests) and (NP testing format)))))))))))))))) . '')) (TOP (S (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 (NP authors) (PP of (NP Scoring High))) `` (VP (ADVP-MNR scrupulously) avoid '' (S (NP-SBJ *-1) (VP replicating (NP exact questions)))))))) , but (S (NP-SBJ he) (VP does n't (VP deny (SBAR that (S (NP-SBJ some items) (VP are (ADJP-PRD similar))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-TTL-SBJ Scoring High) (ADVP-TMP first) (VP came (ADVP-CLR out) (PP-TMP in (NP 1979)) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP was (NP-PRD (NP a publication) (PP of (NP Random House)))) .)) (TOP (S (NP-SBJ McGraw-Hill) (VP was (ADJP-PRD outraged)) .)) (TOP (S (PP-LOC In (NP (NP a 1985 advisory) (PP to (NP educators)))) , (NP-SBJ McGraw-Hill) (VP said (SBAR 0 (S (NP-TTL-SBJ-1 Scoring High) (VP should n't (VP be (VP used (NP-TTL *-1) (SBAR-PRP because (S (NP-SBJ it) (VP represented (NP (NP a `` parallel form '') (PP of (NP the CAT and CTBS tests)))))))))))) .)) (TOP (S But (PP-TMP in (NP 1988)) , (NP-SBJ McGraw-Hill) (VP purchased (NP (NP the Random House unit) (SBAR (WHNP-108 that) (S (NP-SBJ *T*-108) (VP publishes (NP (NP-TTL Scoring High) , (SBAR (WHNP-109 which) (S (NP-SBJ *T*-109) (ADVP-TMP later) (VP became (NP-PRD (NP part) (PP of (NP Macmillan/McGraw)))))))))))) .)) (TOP (S (NP-SBJ Messrs. Brownell and Kean) (VP say (SBAR 0 (S (NP-SBJ they) (VP are (ADJP-PRD unaware (PP of (NP (NP any efforts (S *ICH*-1)) (PP by (NP McGraw-Hill)) (S-1 (NP-SBJ *) (VP to (VP modify or discontinue (NP-TTL Scoring High))))))))))) .)) (TOP (S (NP-SBJ Alleghany Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP the acquisition) (PP of (NP Sacramento Savings & Loan Association)) (PP-DIR from (NP the H.N. & Frances C. Berger Foundation)) (PP for (NP (QP $ 150 million) *U*))))))) .)) (TOP (S (NP-SBJ (NP The Sacramento-based S&L) , (SBAR (WHNP-110 which) (S (NP-SBJ *T*-110) (VP has (NP 44 branch offices) (PP-LOC in (NP north central California))))) ,) (VP had (NP (NP assets) (PP of (NP (QP $ 2.4 billion) *U*))) (PP-TMP at (NP (NP the end) (PP of (NP September))))) .)) (TOP (S (NP-SBJ (NP (ADJP New York-based) Alleghany)) (VP is (NP-PRD an insurance and financial services concern)) .)) (TOP (S (NP-SBJ The purchase price) (VP includes (NP two ancillary companies)) .)) (TOP (S (NP-SBJ-1 (NP The Department) (PP of (NP (NP Health) and (NP Human Services)))) (VP plans (S (NP-SBJ *-1) (VP to (VP extend (NP (NP its moratorium) (PP on (NP (NP federal funding) (PP of (NP (NP research) (VP involving (NP fetal-tissue transplants))))))))))) .)) (TOP (S (NP-SBJ Medical researchers) (VP believe (SBAR 0 (S (NP-SBJ (NP the transplantation) (PP of (NP (NP small amounts) (PP of (NP fetal tissue)))) (PP-DIR into (NP humans))) (VP could (VP help (S (NP-SBJ *) (VP treat (NP (NP juvenile diabetes) and (NP (NP such degenerative diseases) (PP as (NP (NP Alzheimer 's) , (NP Parkinson 's) and (NP Huntington 's)))))))))))) .)) (TOP (S But (NP-SBJ anti-abortionists) (VP oppose (NP such research) (SBAR-PRP because (S (NP-SBJ they) (VP worry (SBAR that (S (NP-SBJ (NP the development) (PP of (NP (NP therapies) (VP using (NP fetal-tissue transplants))))) (VP could (VP lead (PP-CLR to (NP (NP an increase) (PP in (NP abortions)))))))))))) .)) (TOP (S (NP-SBJ (NP James Mason) , (NP (NP assistant secretary) (PP for (NP health))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the ban) (PP-LOC on (NP (NP federal funding) (PP of (NP fetal-tissue transplant research))))) `` (VP should (VP be (VP continued (NP *-1) (ADVP-TMP indefinitely))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the ban) (VP wo n't (VP stop (NP (NP (NP (ADJP privately funded) tissue-transplant research) or (NP (ADJP federally funded) fetal-tissue research)) (SBAR (WHNP-111 that) (S (NP-SBJ *T*-111) (VP does n't (VP involve (NP transplants))))))))))) .)) (TOP (S (NP-SBJ Department officials) (VP say (SBAR that (S (NP-SBJ HHS Secretary Louis Sullivan) (VP will (VP support (NP (NP (NP Dr. Mason 's) ruling) , (SBAR (WHNP-112 which) (S (NP-SBJ-1 *T*-112) (VP will (VP be (VP issued (NP *-1) (ADVP-TMP soon) (PP-MNR in (NP (NP the form) (PP of (NP (NP a letter) (PP to (NP (NP the acting director) (PP of (NP (NP the National Institutes) (PP of (NP Health))))))))))))))))))))) .)) (TOP (S (NP-SBJ Both (NP Dr. Mason) and (NP Dr. Sullivan)) (VP oppose (NP (NP federal funding) (PP for (NP abortion))) , (SBAR-ADV as (SINV does (NP-SBJ President Bush) (VP *?*))) , (PP-LOC except (PP in (NP (NP cases) (SBAR (WHADVP-1 where) (S (NP-SBJ-2 (NP a woman 's) life) (VP is (VP threatened (NP *-2) (ADVP-LOC *T*-1))))))))) .)) (TOP (S (NP-SBJ The controversy) (VP began (PP-TMP in (NP 1987)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 (NP the National Institutes) (PP of (NP Health)) , (ADJP-PRD aware (PP of (NP (NP the policy implications) (PP of (NP its research))))) ,) (VP asked (PP-CLR for (NP (NP an HHS review) (PP of (NP its plan (S (NP-SBJ *) (VP to (VP implant (NP fetal tissue) (PP-DIR into (NP (NP the brain) (PP of (NP (NP a patient) (VP suffering (PP-CLR from (NP (NP Parkinson 's) disease)))))))))))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ The department) (VP placed (NP a moratorium) (PP-CLR on (NP the research)) , (S-ADV (NP-SBJ *) (VP pending (NP (NP a review) (PP of (NP (ADJP scientific , legal and ethical) issues)))))) .)) (TOP (S (S (NP-SBJ (NP A majority) (PP of (NP an NIH-appointed panel))) (VP recommended (NP-TMP late last year) (SBAR that (S (NP-SBJ the research) (VP continue (PP-LOC under (NP carefully controlled conditions))))))) , but (S (NP-SBJ-2 the issue) (VP became (VP embroiled (NP *-2) (PP-LOC-CLR in (NP politics)) (SBAR-TMP as (S (NP-SBJ-3 anti-abortion groups) (VP continued (S (NP-SBJ *-3) (VP to (VP oppose (NP federal funding)))))))))) .)) (TOP (S (NP-SBJ The dispute) (VP has (VP hampered (NP (NP the administration 's) efforts (S (NP-SBJ *) (VP to (VP recruit (NP (NP prominent doctors) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP fill (NP (NP prestigious posts) (PP-LOC at (NP (NP the helm) (PP of (NP (NP the NIH) and (NP (NP the Centers) (PP for (NP Disease Control))))))))))))))))))) .)) (TOP (S (NP-SBJ Several candidates) (VP have (VP withdrawn (NP their names) (PP-CLR from (NP consideration)) (SBAR-TMP after (S (NP-SBJ administration officials) (VP asked (NP them) (PP-CLR for (NP (NP their views) (PP on (NP (NP abortion) and (NP fetal-tissue transplants)))))))))) .)) (TOP (S (NP-SBJ (NP Antonio Novello) , (SBAR (WHNP-113 whom) (S (NP-SBJ Mr. Bush) (VP nominated (S (NP-SBJ *T*-113) (VP to (VP serve (PP-CLR as (NP surgeon general)))))))) ,) (ADVP reportedly) (VP has (VP assured (NP the administration) (SBAR that (S (NP-SBJ she) (VP opposes (NP abortion)))))) .)) (TOP (S (NP-SBJ Dr. Novello) (VP is (NP-PRD (NP deputy director) (PP of (NP (NP the National Institute) (PP of (NP (NP Child Health) and (NP Human Development))))))) .)) (TOP (S (NP-SBJ Some researchers) (VP have (VP charged (SBAR that (S (NP-SBJ the administration) (VP is (VP imposing (NP (NP new ideological tests) (PP for (NP top scientific posts))))))))) .)) (TOP (S (NP-TMP Earlier this week) , (NP-SBJ-1 Dr. Sullivan) (VP tried (S (NP-SBJ-4 *-1) (VP to (VP defuse (NP these charges) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP stressing (SBAR that (S (NP-SBJ-3 (NP candidates) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP head (NP (NP the NIH) and (NP the CDC))))))) (VP will (VP be (VP judged (NP *-3) (PP-MNR by (NP `` (NP (NP standards) (PP of (NP (ADJP scientific and administrative) excellence))) , '' not (NP politics))))))))))))))) .)) (TOP (S But (NP-SBJ (NP (NP the administration 's) handling) (PP of (NP the fetal-tissue transplant issue))) (VP disturbs (NP many scientists)) .)) (TOP (SINV `` (S-TPC-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ scientific progress) (VP moves (PP-DIR into (NP uncharted ground)) (ADVP-TMP *T*-1)))) , (NP-SBJ-3 there) (VP has (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP a role (S *ICH*-4)) (PP for (NP society)) (S-4 (NP-SBJ *) (VP to (VP make (NP (NP judgments) (PP about (NP its applications)))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Myron Genel) , (NP (NP associate dean) (PP of (NP the Yale Medical School)))) .)) (TOP (S `` (NP-SBJ (NP The disturbing thing) (PP about (NP this abortion issue))) (VP is (SBAR-PRD that (S (NP-SBJ-1 the debate) (VP has (VP become (VP polarized (NP *-1) , (SBAR-ADV so that (S (NP-SBJ (NP no mechanism) (PP *ICH*-2)) (VP exists '' (PP-2 for (S-NOM (NP-SBJ *) (VP finding (NP a middle ground))))))))))))) .)) (TOP (S (NP-SBJ Yale) (VP is (NP-PRD (NP one) (PP of (NP (NP the few medical institutions) (VP conducting (NP (NP (ADJP privately funded) research) (PP on (NP fetal-tissue transplants)))))))) .)) (TOP (S But (NP-SBJ Dr. Genel) (VP warns (SBAR that (S (NP-SBJ (NP Dr. Mason 's) ruling) (VP may (VP discourage (NP private funding)))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ (NP (NP The unavailability) (PP of (NP federal funds))) , and (NP (NP the climate) (SBAR-LOC (WHPP-1 in (WHNP which)) (S (NP-SBJ-2 the decision) (VP was (VP made (NP *-2) (PP-LOC *T*-1)))))) ,) (ADVP certainly) (VP do n't (VP provide (NP any incentive (SBAR for (S (NP-SBJ (NP one) (PP of (NP the (ADJP more visible) foundations))) (VP to (VP provide (NP support))))))))) , '' (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S (PP Despite (NP (NP the flap) (PP over (NP transplants)))) , (NP-SBJ (NP federal funding) (PP of (NP (NP research) (VP involving (NP fetal tissues))))) (VP will (VP continue (PP-LOC on (NP (NP a number) (PP of (NP fronts)))))) .)) (TOP (S `` (NP-SBJ Such research) (VP may (ADVP-TMP ultimately) (VP result (PP-CLR in (NP the ability (S (S (NP-SBJ *) (VP to (VP regenerate (NP damaged tissues)))) or (S (NP-SBJ *) (VP to (VP turn (PRT off) (NP (NP genes) (SBAR (WHNP-114 that) (S (NP-SBJ *T*-114) (VP cause (NP cancer)))))))) '' or (S (NP-SBJ *) (VP to (VP regulate (NP (NP genes) (SBAR (WHNP-115 that) (S (NP-SBJ *T*-115) (VP cause (NP (NP (NP Down 's) syndrome) , (NP (NP the leading cause) (PP of (NP mental retardation)) , (PP according (PP to (NP an NIH summary))))))))))))))))) .)) (TOP (S (NP-SBJ The NIH) (ADVP-TMP currently) (VP spends (NP (NP (QP about $ 8 million) *U*) (PP *ICH*-2)) (ADVP-TMP annually) (PP-CLR on (NP fetal-tissue research)) (PP-2 out (PP of (NP (NP a total research budget) (PP of (NP (QP $ 8 billion) *U*)))))) .)) (TOP (S (S (NP-SBJ Rekindled hope (SBAR that (S (NP-SBJ two New England states) (VP will (VP allow (NP broader interstate banking)))))) (VP boosted (NP (NP Nasdaq 's) bank stocks))) , but (S (NP-SBJ the over-the-counter market) (VP was (ADVP-PRD up) (ADVP only slightly) (PP-LOC in (NP lackluster trading)))) .)) (TOP (S (NP-SBJ The Nasdaq composite index) (VP added (NP 1.01) (PP-DIR to (NP 456.64)) (PP-LOC on (NP (NP paltry volume) (PP of (NP (QP 118.6 million) shares))))) .)) (TOP (S (PP In (NP (NP terms) (PP of (NP volume)))) , (NP-SBJ it) (VP was (NP-PRD (NP an inauspicious beginning) (PP for (NP November)))) .)) (TOP (S (NP-SBJ (NP Yesterday 's) share turnover) (VP was (PP-LOC-PRD (ADVP well) below (NP (NP (NP the year 's) daily average) (PP of (NP 133.8 million))))) .)) (TOP (S (PP-TMP In (NP (NP October) , (NP (NP the busiest month) (PP of (NP the year)) (ADVP so far)) ,)) (NP-SBJ daily volume) (VP averaged (NP (QP roughly 145 million) shares)) .)) (TOP (S (NP-SBJ (NP The Nasdaq 100 index) (PP of (NP the biggest nonfinancial stocks))) (VP gained (NP 1.39) (PP-DIR to (NP 446.62))) .)) (TOP (S (NP-SBJ-1 (NP The index) (PP of (NP the 100 largest Nasdaq financial stocks))) (VP rose (ADVP-MNR modestly) (ADVP as well) , (S-ADV (NP-SBJ *-1) (VP gaining (NP 1.28) (PP-DIR to (NP 449.04))))) .)) (TOP (S But (NP-SBJ (NP the broader Nasdaq bank index) , (SBAR (WHNP-116 which) (S (NP-SBJ *T*-116) (VP tracks (NP thrift issues)))) ,) (VP jumped (NP-EXT 3.23) (PP-DIR to (NP 436.01))) .)) (TOP (S (NP-SBJ The bank stocks) (VP got (NP a boost) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP Connecticut Bank & Trust) and (NP (NP Bank) (PP of (NP New England)))) (VP said (SBAR 0 (S (NP-SBJ they) (ADVP-TMP no longer) (VP oppose (NP (NP pending legislation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP permit (S (NP-SBJ (NP banks) (PP-DIR from (NP other regions))) (VP to (VP merge (PP-CLR with (NP Connecticut and Massachusetts banks))))))))))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (NP-SBJ The two banks) (VP merged (PP-TMP in (NP 1985))) .)) (TOP (S (NP-SBJ-1 (NP (NAC Bank (PP of (NP New England))) 's) shares) (VP are (VP traded (NP *-1) (PP-LOC on (NP the New York Stock Exchange)))) .)) (TOP (S-2 (NP-SBJ-1 (NP The stocks) (PP of (NP (NP banking concerns) (VP based (NP *) (PP-LOC-CLR in (NP Massachusetts)))))) (VP were n't (VP helped (NP *-1) (ADVP much) (PP by (NP-LGS the announcement)) (PRN , (S (NP-SBJ traders) (VP said (SBAR 0 (S *T*-2)))) ,) (SBAR-PRP because (S (NP-SBJ (NP many) (PP of (NP those concerns))) (VP have (NP (NP financial problems) (VP tied (NP *) (PP-CLR to (NP their real-estate loan portfolios)))) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ them) (NP-PRD unattractive takeover targets))))))))) .)) (TOP (S But (NP-SBJ-1 speculators) , (S-ADV (NP-SBJ *-1) (VP anticipating (SBAR that (S (NP-SBJ Connecticut) (VP will (VP approve (NP (NP a law) (VP permitting (NP such interstate banking))) (ADVP-TMP soon))))))) , (ADVP-TMP immediately) (VP bid (PRT up) (NP (NP shares) (PP of (NP Connecticut banks))) (PP on (NP the news))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP A lot) (PP of (NP (NP the stocks) (SBAR (WHNP-117 that) (S (NP-SBJ *T*-117) (VP have (VP been (PP-LOC-PRD under (NP water))))))))) (ADVP-TMP finally) (VP saw (NP (NP a reason) (SBAR-PRP (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP uptick (ADVP-PRP *T*-1)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP George Jennison) , (NP (NP head trader) (PP of (NP banking issues)) (PP-LOC in (NP (NP Shearson Lehman Hutton 's) OTC department)))) .)) (TOP (S (NP-SBJ The biggest beneficiary) (VP was (NP-PRD (NP Northeast Bancorp) , (SBAR (WHNP-118 which) (S (NP-SBJ *T*-118) (VP surged (NP-EXT (QP 7 3/4)) (PP-DIR to (NP 69))))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Stamford , Conn. ,) concern) (VP has (VP agreed (PP-CLR to (NP (NP a buy-out) (PP by (NP (NP Bank) (PP of (NP New York)))))) (PP-LOC in (NP (NP a transaction) (PP with (NP (NP an indicated value) (PP of (NP (NP (QP about $ 100) *U*) (NP-ADV a share))))) (SBAR (WHNP-119 that) (S (NP-SBJ *T*-119) (VP expires (NP-TMP next August)))))))) .)) (TOP (S (NP-SBJ (NP Ed Macheski) , (NP a (NAC-LOC Wilton , Conn. ,) money manager) (SBAR (WHNP-120 who) (S (NP-SBJ *T*-120) (VP follows (NP bank stocks)))) ,) (VP said (SBAR 0 (S (NP-SBJ the announcement) (ADVP effectively) (VP gives (NP the deal) `` (NP the green light))))) . '')) (TOP (S (NP-SBJ Mr. Jennison) (VP said (SBAR 0 (S (NP-SBJ Northeast Bancorp) (ADVP also) (VP fared (ADVP-MNR well) (SBAR-PRP because (S (NP-SBJ takeover stocks) (VP have (VP returned (PP-CLR to (NP favor)) (PP-LOC among (NP investors)))))))))) .)) (TOP (S (NP-SBJ (NP (NP Another OTC bank stock) (VP involved (NP *) (PP-CLR in (NP a buy-out deal)))) , (NP First Constitution Financial) ,) (VP was (ADJP-PRD higher)) .)) (TOP (S (NP-SBJ It) (VP rose (NP-EXT 7/8) (PP-DIR to (NP (QP 18 1/4)))) .)) (TOP (S (NP-SBJ First Constitution) (VP has (VP signed (NP (NP a merger agreement) (SBAR-LOC *ICH*-1)) (PP-CLR with (NP (NP WFRR L.P.) and (NP GHKM Corp.))) , (SBAR-1 (WHPP-2 under (WHNP which)) (S (NP-SBJ-3 (NP all) (PP of (NP its common shares))) (VP will (VP be (VP acquired (NP *-3) (PP-CLR for (NP (NP (NP $ 25 *U*) (NP-ADV each)) , or (NP (QP $ 273.5 million) *U*))) (PP-LOC *T*-2)))))))) .)) (TOP (S (PP-LOC Among (NP (NP other Connecticut banks) (SBAR (WHNP-121 whose shares) (S (NP-SBJ *T*-121) (VP trade (PP-LOC in (NP the OTC market))))))) , (NP-SBJ (NP (NP Society) (PP for (NP Savings Bancorp))) , (VP based (NP *) (PP-LOC-CLR in (NP Hartford))) ,) (VP saw (S (NP-SBJ its stock) (VP rise (NP-EXT (QP 1 3/4)) (PP-DIR to (NP (QP 18 1/4)))))) .)) (TOP (S (S (NP-SBJ Centerbank) (VP added (NP 5/8) (PP-DIR to (NP (QP 8 3/4))))) ; (S (NP-SBJ (NP shares) (PP of (NP (NP NESB) , (NP a (ADJP New London-based) bank holding company) ,))) (VP rose (NP-EXT 5/8) (PP-DIR to (NP (QP 5 7/8))))) .)) (TOP (S (PP-LOC Among (NP other banking issues)) , (NP-SBJ Pennview Savings Association) (VP leapt (NP-EXT (QP more than 44) %) (PP with (NP (NP a gain) (PP of (NP (QP 6 5/8))) (PP-DIR to (NP (QP 21 5/8)))))) .)) (TOP (S (NP-SBJ-1 The Pennsylvania bank) (VP agreed (S (NP-SBJ-2 *-1) (VP to (VP be (VP acquired (NP *-2) (PP-LOC in (NP (NP a merger) (PP with (NP (NP Univest Corp.) (PP of (NP Pennsylvania)))))) (PP-CLR for (NP (NP $ 25.50 *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ-1 (NP Valley Federal Savings & Loan) , (NP a California thrift issue) ,) (VP gained (NP-EXT 1) (PP-DIR to (NP (QP 4 1/4))) (PP after (S-NOM (NP-SBJ *-1) (VP reporting (NP (NP a third-quarter loss) (PP of (NP (QP $ 70.7 million) *U*))) (PP-TMP after (NP (NP an (ADJP (QP $ 89.9 million) *U*) pretax charge) (ADJP mostly related (PP to (NP its mobile home financing unit))))))))) .)) (TOP (S (NP-SBJ (NP Dan E. Nelms) , (NP (NP Valley Federal 's) (NX (NX president) and (NX chief executive officer))) ,) (VP said (SBAR 0 (S (NP-SBJ the one-time charge) (VP (ADVP-MNR substantially) eliminates (NP (NP future losses) (VP associated (NP *) (PP-CLR with (NP the unit)))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP the company 's) core business) (VP remains (ADJP-PRD strong))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP said (SBAR that (S (UCP (PP-TMP after (NP the charges)) , and (S (NP-SBJ *-1) `` (VP assuming (NP (NP no dramatic fluctuation) (PP-LOC in (NP interest rates)))))) , (NP-SBJ-1 the company) (VP expects (S (NP-SBJ *-1) (VP to (VP achieve (NP near-record earnings) (PP-TMP in (NP 1990))))))))) . '')) (TOP (S (S (NP-SBJ Weisfield 's) (VP surged (NP-EXT (QP 6 3/4)) (PP-DIR to (NP (QP 55 1/2))))) and (S (NP-SBJ (NP (NP Ratners Group 's) American depositary receipts) , or (NP ADRs)) , (VP gained (NP 5/8) (PP-DIR to (NP (QP 12 1/4))))) .)) (TOP (S (NP-SBJ The two concerns) (VP said (SBAR 0 (S (NP-SBJ they) (VP entered (PP-CLR into (NP (NP a definitive merger agreement) (SBAR-LOC (WHPP-1 under (WHNP which)) (S (NP-SBJ Ratners) (VP will (VP begin (NP (NP a tender offer) (PP for (NP (NP all) (PP of (NP (NP Weisfield 's) common shares)))) (PP for (NP (NP $ 57.50 *U*) (NP-ADV each)))) (PP-LOC *T*-1))))))))))) .)) (TOP (S (ADVP Also) (PP-LOC on (NP the takeover front)) , (NP-SBJ (NP Jaguar 's) ADRs) (VP rose (NP-EXT 1/4) (PP-DIR to (NP (QP 13 7/8))) (PP-LOC on (NP (NP turnover) (PP of (NP (QP 4.4 million)))))) .)) (TOP (S (SBAR-TMP Since (S (NP-SBJ the British auto maker) (VP became (NP-PRD a takeover target) (NP-TMP last month)))) , (NP-SBJ its ADRs) (VP have (VP jumped (NP-EXT (QP about 78) %))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ-1 troubled Heritage Media) (VP proposed (S (NP-SBJ *-1) (VP acquiring (NP POP Radio) (PP-LOC in (NP a stock swap))))))) , (NP-SBJ (NP POP Radio 's) shares) (VP tumbled (NP-EXT 4) (PP-DIR to (NP (QP 14 3/4)))) .)) (TOP (S (NP-SBJ-2 (NP Heritage Media) , (SBAR (WHNP-1 which) (S (ADVP-TMP already) (NP-SBJ *T*-1) (VP owns (NP (NP (QP about 51) %) (PP of (NP POP Radio)))))) ,) (VP proposed (S (NP-SBJ *-2) (VP paying (NP POP Radio shareholders) (PP-MNR with (NP (NP shares) (PP of (NP (NP a new class) (PP of (NP Heritage Media preferred stock)))) (SBAR (WHNP-122 that) (S (NP-SBJ *T*-122) (VP would (VP be (ADJP-PRD convertible (PP-DIR into (NP (NP four shares) (PP of (NP (NP Heritage Media 's) common)))))))))))))) .)) (TOP (S (NP-SBJ Rally 's) (VP lost (NP (QP 1 3/4)) (PP-DIR to (NP (QP 21 3/4)))) .)) (TOP (S (NP-SBJ The restaurant operator) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP redeemed (NP (NP its rights) (VP issued (NP *) (NP-TMP Monday) (PP-LOC under (NP its shareholder rights plan))))))))) .)) (TOP (S (NP-SBJ The fast-food company) (VP said (SBAR 0 (S (NP-SBJ-1 its decision) (VP was (VP based (NP *-1) (PP-CLR on (NP (NP discussions) (PP with (NP (NP a shareholder group) , (NP Giant Group Ltd.))) , `` (PP-LOC in (NP an effort (S (NP-SBJ *) (VP to (VP resolve (NP (NP certain disputes) (PP with (NP the company))))))))))))))) . '')) (TOP (S (NP-SBJ-1 Giant Group) (VP is (VP led (NP *-1) (PP by (NP-LGS (NP three (NP Rally 's) directors) , (NP (NP Burt Sugarman) , (NP James M. Trotter III) and (NP William E. Trotter II) ,) (SBAR (WHNP-2 who) (S (NP-TMP earlier this month) (NP-SBJ-3 *T*-2) (VP (VP indicated (SBAR 0 (S (NP-SBJ they) (VP had (NP (NP a (ADJP 42.5 %) stake) (PP-LOC in (NP Rally 's))))))) and (VP planned (S (NP-SBJ *-3) (VP to (VP seek (NP (NP a majority) (PP of (NP seats)) (PP-LOC on (NP (NP Rally 's) nine-member board)))))))))))))) .)) (TOP (S (NP-SBJ SCI Systems) (VP slipped (NP-EXT 7/8) (PP-DIR to (NP 10)) (PP-LOC on (NP (NP volume) (PP of (NP 858,000 shares))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Huntsville , Ala. ,) electronic products maker) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP post (NP (NP a `` significant '' loss) (PP for (NP (NP its fiscal first quarter) (VP ended (NP-TMP Sept. 30)))))))))))) .)) (TOP (S (PP-TMP In (NP the year-earlier period)) , (NP-SBJ SCI) (VP had (NP (NP net income) (PP of (NP (NP (QP $ 4.8 million) *U*) , or (NP (NP 23 cents) (NP-ADV a share))))) , (PP-LOC on (NP (NP revenue) (PP of (NP (QP $ 225.6 million) *U*))))) .)) (TOP (S (NP-SBJ The Internal Revenue Service) (VP has (VP threatened (NP (NP criminal sanctions) (PP-DIR against (NP (NP lawyers) (SBAR (WHNP-123 who) (S (NP-SBJ-1 *T*-123) (VP fail (S (NP-SBJ *-1) (VP to (VP report (NP (NP detailed information) (PP about (NP (NP clients) (SBAR (WHNP-124 who) (S (NP-SBJ *T*-124) (VP pay (NP them) (NP (NP (QP more than $ 10,000) *U*) (PP in (NP cash)))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The warnings) , (VP issued (NP *) (PP-DIR to (NP (QP at least 100) criminal defense attorneys)) (PP-LOC in (NP several major cities)) (PP-TMP in (NP the last week))) ,) (VP have (VP led (PP-CLR to (NP (NP an outcry) (PP by (NP (NP members) (PP of (NP the organized bar)) , (SBAR (WHNP-125 who) (S (NP-SBJ *T*-125) (VP claim (SBAR 0 (S (NP-SBJ-1 the information) (VP is (VP protected (NP *-1) (PP by (NP-LGS attorney-client privilege))))))))))))))) .)) (TOP (S (NP-SBJ The IRS warnings) (VP stem (PP-CLR from (NP (NP a 1984 law) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP requires (S (NP-SBJ (NP anyone) (SBAR (WHNP-126 who) (S (NP-SBJ *T*-126) (VP receives (NP (NP (QP more than $ 10,000) *U*) (PP in (NP cash))) (PP-CLR from (NP a client or customer)) (PP-LOC in (NP (QP one or more) related transactions)) `` (PP-LOC in (NP (NP the course) (PP of (NP trade or business)))) '')))) (VP to (VP report (NP the payment) (PP-LOC on (NP (NP a document) (VP known (NP *) (PP-CLR as (NP Form 8300)))))))))))))) .)) (TOP (S (NP-SBJ The form) (VP asks (PP-CLR for (NP (NP such details) (PP as (NP (NP (NP the client 's) (NX (NX name) , (NX Social Security number) , (NX passport number))) and (NP (NP details) (PP about (NP (NP the services) (VP provided (NP *) (PP-PRP for (NP the payment))))))))))) .)) (TOP (S (NP-SBJ Failure (S (NP-SBJ *) (VP to (VP complete (NP the form))))) (VP had (VP been (ADJP-PRD punishable) (PP-MNR as (NP a misdemeanor)) (PP-TMP until (NP (NP last November) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Congress) (VP determined (SBAR that (S (NP-SBJ the crime) (VP was (NP-PRD (NP a felony) (ADJP punishable (PP by (NP (NP (QP up to 10) years) (PP-LOC in (NP prison))))))))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ Attorneys) (VP have (VP argued (PP-TMP since (NP (NP 1985) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the law) (VP took (NP-CLR effect) (ADVP-TMP *T*-1)))))) , (SBAR that (S (NP-SBJ they) (VP can not (VP provide (NP (NP information) (PP about (NP (NP clients) (SBAR (WHNP-127 who) (S (NP-SBJ *T*-127) (VP do n't (VP wish (S (NP-SBJ-3 their identities) (VP to (VP be (VP known (NP *-3)))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Many attorneys) (VP have (VP returned (NP incomplete forms) (PP-CLR to (NP the IRS)) (PP-TMP in (NP recent years)) , (S-ADV (NP-SBJ *-1) (VP citing (NP attorney-client privilege))))) .)) (TOP (S (PP-TMP Until (NP last week)) , (NP-SBJ the IRS) (ADVP-TMP rarely) (VP acted (PP-CLR on (NP the incomplete forms))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This form) (VP forces (S (NP-SBJ a lawyer) (VP to (VP become (PRN , (PP in (NP effect)) ,) (NP-PRD (NP a witness) (PP against (NP his client)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Neal R. Sonnett) , (NP (NP president) (PP of (NP (NP the National Association) (PP of (NP Criminal Defense Lawyers)))))) .)) (TOP (SINV `` (S (NP-SBJ The IRS) (VP is (VP asking (NP-1 lawyers) (S (NP-SBJ *-1) (VP to (VP red-flag (NP a criminal problem) (PP-CLR to (NP the government)))))))) , '' (VP added) (NP-SBJ (NP Mr. Sonnett) , (NP (NP a Miami lawyer) (SBAR (WHNP-128 who) (S (NP-SBJ *T*-128) (VP has (VP (VP heard (PP-CLR from (NP (NP dozens) (PP of (NP attorneys)) (SBAR (WHNP-129 who) (S (NP-SBJ *T*-129) (VP received (NP letters) (PP-TMP in (NP recent days)))))))) and (VP has (NP-ADV himself) (VP received (NP (NP the computer-generated IRS forms) (VP sent (NP *) (PP-MNR by (NP certified mail)))))))))))) .)) (TOP (S (NP-SBJ Mr. Sonnett) (VP said (SBAR that (S (NP-SBJ (NP clients) (SBAR (WHNP-130 who) (S (NP-SBJ *T*-130) (VP pay (NP cash))))) (VP may (VP include (NP (NP alleged drug dealers) (SBAR (WHNP-131 who) (S (NP-SBJ *T*-131) (VP do n't (VP have (NP domestic bank accounts))))))))))) .)) (TOP (S (NP-SBJ These individuals) (VP may not (ADVP necessarily) (VP be (PP-LOC-PRD under (NP investigation)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP hire (NP lawyers) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ Mr. Sonnett) (VP said (SBAR 0 (S (NP-SBJ there) (ADVP also) (VP may (VP be (NP-PRD (NP other circumstances) (SBAR-LOC (WHPP-1 under (WHNP which)) (S (NP-SBJ individuals) (VP would n't (VP want (S (NP-SBJ the government) (VP to (VP know (SBAR 0 (S (NP-SBJ they) (VP had (VP retained (NP criminal defense lawyers))))) (PP-LOC *T*-1)))))))))))))) .)) (TOP (S (S-TPC-1 (S-NOM-SBJ (NP-SBJ *) (VP Filling (PRT out) (NP (NP detailed forms) (PP about (NP these individuals))))) (VP would (VP (VP tip (NP the IRS) (PRT off)) and (VP spark (NP (NP action) (PP against (NP the clients))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The defense lawyers ') group) (VP formed (NP (NP a task force) (VP *ICH*-1) (SBAR *ICH*-3)) (NP-TMP this week) , (VP-1 chaired (NP *) (PP by (NP-LGS New York attorney Gerald Lefcourt))) , (SBAR-PRP-3 (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP deal (PP-CLR with (NP the matter))))))) .)) (TOP (S (NP-SBJ (NP (NP The American Bar Association 's) House) (PP of (NP Delegates))) (VP passed (NP (NP a resolution) (VP *ICH*-1)) (PP-TMP in (NP 1985)) (VP-1 condemning (NP the IRS reporting requirement))) .)) (TOP (S (NP-SBJ (NP Michael Ross) , (NP (NP a New York lawyer) (SBAR (WHNP-132 who) (S (NP-SBJ *T*-132) (VP heads (NP (NP the ABA 's) grand jury committee))))) ,) (VP said (SBAR that (S (NP-SBJ-1 lawyers) (VP are (VP prohibited (NP *-1) (PP by (NP-LGS (NP (NP the ABA 's) code) (PP of (NP ethics)))) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP disclosing (NP (NP information) (PP about (NP a client)))))) (PP except (UCP (SBAR-TMP (WHADVP-3 where) (S (NP-SBJ a court) (VP orders (NP it) (ADVP-TMP *T*-3)))) or (S-PRP (NP-SBJ *-1) (VP to (VP prevent (NP-4 the client) (PP-CLR from (S-NOM (NP-SBJ *-4) (VP committing (NP (NP a criminal act) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP could (VP result (PP-CLR in (NP death)))))))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Ross) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP met (PP-CLR with (NP (NP officials) (PP of (NP (NP the IRS) and (NP (NP the Justice Department) , (SBAR (WHNP-133 which) (S (NP-SBJ *T*-133) (VP would (VP bring (NP (NP any enforcement actions) (PP-DIR against (NP taxpayers))))))) ,))))) (S-PRP (NP-SBJ *-1) (VP to (VP discuss (NP the issue)))) (NP-TMP last May))))) .)) (TOP (S-1 (PP-LOC At (NP that meeting)) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the Justice Department) (VP assured (NP him) (SBAR that (S (NP-SBJ-2 enforcement procedures) (VP would n't (VP be (VP threatened (NP *-2) (PP-DIR against (NP attorneys)) (PP without (NP (NP further review) and (NP advance notice))))))))) .)) (TOP (S (NP-SBJ Mr. Ross) (VP said (SBAR 0 (S (NP-SBJ IRS officials) (VP opposed (NP (NP (NP the Justice Department 's) moderate stance) (PP-LOC on (NP the matter))))))) .)) (TOP (S But (PP-LOC in (NP (NP the letters) (VP sent (NP *) (PP-TMP in (NP recent days))))) , (NP-SBJ (NP Christopher J. Lezovich) (PP of (NP (NP the IRS computing center) (PP-LOC in (NP Detroit)))) ,) (VP told (NP attorneys) (SBAR that `` (S (S-NOM-SBJ (NP-SBJ-1 *) (VP failing (S (NP-SBJ *-1) (VP to (VP (ADVP-MNR voluntarily) submit (NP the requested information)))))) (VP could (VP result (PP-CLR in (S-NOM (NP-SBJ-2 summons enforcement action) (VP being (VP initiated (NP *-2)))))))))) . '')) (TOP (S (PP-LOC In (NP some cases)) , (NP-SBJ the IRS) (VP asked (PP-CLR for (NP (NP information) (VP dating (ADVP back) (PP-DIR to (NP (NP forms) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP received (NP *T*-1) (PP-TMP in (NP 1985))))))))))) .)) (TOP (S (S (NP-SBJ (NP A spokesman) (PP for (NP the IRS))) (VP confirmed (SBAR that `` (S (NP-SBJ there) (VP has (VP been (NP-PRD (NP correspondence) (VP mailed (NP *)) (PP about (NP incomplete 8300s))))))))) , '' but (S (NP-SBJ-1 he) (VP declined (S (NP-SBJ *-1) (VP to (VP say (SBAR (WHADVP why) (S (NP-SBJ-2 the letters) (VP were (VP sent (NP *-2) (PP-DIR to (NP lawyers)) (ADVP-TMP now)))))))))) .)) (TOP (S (NP-SBJ (NP Individuals) (ADJP familiar (PP with (NP (NP the Justice Department 's) policy)))) (VP said (SBAR that (S (NP-SBJ Justice officials) (VP had n't (NP (NP any knowledge) (PP of (NP (NP (NP the IRS 's) actions) (PP-TMP in (NP the last week))))))))) .)) (TOP (S (NP-SBJ Lawyers) (VP worry (SBAR that (S (SBAR-ADV if (S (NP-SBJ they) (VP provide (NP (NP information) (PP about (NP clients)))))) , (NP-SBJ that data) (VP could (ADVP-TMP quickly) (VP end (PRT up) (PP-LOC-CLR in (NP (NP the hands) (PP of (NP prosecutors))))))))) .)) (TOP (S (NP-SBJ-1 Prosecutors) (VP need (NP court permission) (S-PRP (NP-SBJ *-1) (VP to (VP obtain (NP (NP the tax returns) (PP of (NP (NP an individual) or (NP a business)))))))) .)) (TOP (S But (NP-SBJ-1 they) (VP have (VP (VP obtained (NP 8300 forms) (PP-MNR without (NP court permission))) and (VP used (NP the information) (S-PRP (NP-SBJ *-1) (VP to (VP help (VP develop (NP criminal cases)))))))) .)) (TOP (S (NP-SBJ Some criminal lawyers) (VP speculated (SBAR that (S (NP-SBJ-1 the IRS) (VP was (VP sending (NP the letters) (S-PRP (NP-SBJ *-1) (VP to (VP test (NP the issue))))))))) .)) (TOP (S (PP-LOC In (NP (NP a number) (PP of (NP recent cases)))) , (NP-SBJ-1 federal courts) (VP have (VP refused (S (NP-SBJ *-1) (VP to (VP recognize (NP (NP attorneys ') assertions (SBAR that (S (NP-SBJ (NP information) (VP relating (PP-CLR to (NP (NP fees) (PP-DIR from (NP clients)))))) (VP should (VP be (ADJP-PRD confidential))))))))))) .)) (TOP (S-HLN (NP-SBJ (NP THE WAR) (PP OVER (NP FEDERAL JUDICIAL SALARIES))) (VP takes (NP a victim)) .)) (TOP (S (S (ADVP-TMP Often) , (NP-SBJ judges) (VP ease (PP-CLR into (NP (ADJP more lucrative) private practice)) (PP-MNR with (NP little fanfare)))) , but (FRAG not (NP-SBJ (NP federal Judge Raul A. Ramirez) (PP-LOC in (NP (NP Sacramento) , (NP Calif))))) .)) (TOP (S (PP-TMP On (NP Tuesday)) , (NP-SBJ-1 the judge) (VP called (NP a news conference) (S-PRP (NP-SBJ *-1) (VP to (VP say (SBAR 0 (S (NP-SBJ-2 he) (VP was (VP quitting (S-ADV (NP-SBJ *) (ADJP-PRD effective (NP-TMP Dec. 31))) (S-PRP (NP-SBJ *-2) (VP to (VP join (NP a San Francisco law firm)))))))))))) .)) (TOP (NP (NP The reason) : (NP (NP the refusal (S *ICH*-1)) (PP of (NP Congress)) (S-1 (NP-SBJ *) (VP to (VP give (NP federal judges) (NP a raise))))) .)) (TOP (S `` (S-TPC-4 (S (NP-SBJ-1 (NP A couple) (PP of (NP my law clerks))) (VP were (VP going (S (NP-SBJ *-1) (VP to (VP pass (NP me) (PP-TMP in (NP (QP three or four) years)))))))) , and (S (NP-SBJ I) (VP was (ADJP-PRD afraid (SBAR 0 (S (NP-SBJ-2 I) (VP was (VP going (S (NP-SBJ-3 *-2) (VP to (VP have (S (NP-SBJ *-3) (VP to (VP ask (NP them) (PP-CLR for (NP a loan)))))))))))))))) , '' (NP-SBJ the judge) (VP quipped (S *T*-4) (PP-LOC in (NP an interview))) .)) (TOP (S (S (NP-SBJ Federal judges) (VP make (NP $ 89,500 *U*) (ADVP-TMP annually))) ; (S (PP-TMP in (NP February)) , (NP-SBJ Congress) (VP rejected (NP (NP a bill) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP have (VP increased (NP their pay) (PP-EXT by (NP 50 %)))))))))) .)) (TOP (S (NP-SBJ (NP Judge Ramirez) , (NP 44) ,) (VP said (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-3)) (VP is (ADJP-PRD unjust) (SBAR-3 for (S (NP-SBJ judges) (VP to (VP make (SBAR-NOM (WHNP-2 what) (S (NP-SBJ they) (VP do (VP *?* (NP *T*-2))))))))))))) .)) (TOP (S `` (NP-SBJ Judges) (VP are not (VP getting (SBAR-NOM (WHNP-1 what) (S (NP-SBJ they) (VP deserve (NP *T*-1)))))) .)) (TOP (S (S (NP-SBJ You) (VP look (PRT around) (PP-CLR at (NP (NP professional ballplayers) or (NP accountants))))) ... and (S (NP-SBJ nobody) (VP blinks (NP an eye))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ you) (VP become (NP-PRD a federal judge) (ADVP-TMP *T*-1)))) , (ADVP-TMP all of a sudden) (NP-SBJ-2 you) (VP are (VP relegated (NP *-2) (PP-CLR to (NP a paltry sum)))) . '')) (TOP (S (PP-LOC At (NP his new job)) , (PP as (NP (NP partner) (PP in (NP (NP charge) (PP of (NP federal litigation)))))) (PP-LOC in (NP (NP the Sacramento office) (PP of (NP Orrick , Herrington & Sutcliffe)))) , (NP-SBJ he) (VP will (VP make (PRT out) (ADVP-MNR much better))) .)) (TOP (S (NP-SBJ-1 The judge) (VP (VP declined (S (NP-SBJ *-1) (VP to (VP discuss (NP his salary) (PP-MNR in (NP detail)))))) , but (VP said : `` (S (NP-SBJ-2 I) (VP 'm (VP going (S (NP-SBJ *-2) (VP to (VP be (NP-PRD a high-priced lawyer))))))))) . '')) (TOP (S-HLN (NP-SBJ (NP DOONESBURY CREATOR'S) UNION TROUBLES) (VP are (NP-PRD no laughing matter)) .)) (TOP (S (NP-SBJ-1 Cartoonist Garry Trudeau) (VP is (VP suing (NP (NP the Writers Guild) (PP of (NP America East))) (PP-CLR for (NP (QP $ 11 million) *U*)) , (S-ADV (NP-SBJ *-1) (VP alleging (SBAR 0 (S (NP-SBJ it) (VP mounted (NP a `` campaign (S (NP-SBJ *) (VP to (VP harass and punish '' (NP him) (PP-PRP for (S-NOM (NP-SBJ *) (VP crossing (NP (NP a screenwriters ') picket line))))))))))))))) .)) (TOP (S (NP-SBJ The dispute) (VP involves (NP (NP Darkhorse Productions Inc.) , (NP (NP a TV production company) (SBAR-LOC (WHPP-1 in (WHNP which)) (S (NP-SBJ Mr. Trudeau) (VP is (NP-PRD a co-owner) (PP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Trudeau) , (NP a Writers Guild member) ,) (ADVP also) (VP was (VP employed (NP *-1) (PP-CLR as (NP (NP a writer) (PP for (NP (NP Darkhorse) , (SBAR (WHNP-134 which) (S (NP-SBJ-2 *T*-134) (VP was (VP covered (NP *-2) (PP by (NP-LGS a guild collective-bargaining agreement)))))))))))) .)) (TOP (S (NP-SBJ The guild) (VP began (NP (NP a strike) (PP-DIR against (NP the TV and movie industry))) (PP-TMP in (NP March 1988))) .)) (TOP (S (PP-LOC In (NP his lawsuit)) , (NP-SBJ Mr. Trudeau) (VP says (SBAR 0 (S (S (NP-SBJ the strike) (VP (ADVP-MNR illegally) included (NP Darkhorse))) , and (S (NP-SBJ-1 the cartoonist) (VP refused (S (NP-SBJ *-1) (VP to (VP honor (NP (NP the strike) (PP-DIR against (NP the company))))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP the guild))) (VP said (SBAR 0 (S (NP-SBJ (NP the union 's) lawyers) (VP are (VP reviewing (NP the suit)))))) .)) (TOP (S (NP-SBJ-1 He) (VP (VP said (SBAR 0 (S (NP-SBJ disciplinary proceedings) (VP are (ADJP-PRD confidential))))) and (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (SBAR whether (S (NP-SBJ-2 any) (VP are (VP being (VP held (NP *-2) (PP-CLR against (NP Mr. Trudeau))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Trudeau 's) attorney) , (NP Norman K. Samnick) ,) (VP said (SBAR 0 (S (NP-SBJ the harassment) (VP consists (ADVP-MNR mainly) (PP-CLR of (NP (NP (NP the guild 's) year-long threats) (PP of (NP disciplinary action)))))))) .)) (TOP (S (NP-SBJ Mr. Samnick) (VP said (SBAR 0 (S (NP-SBJ-1 a guild disciplinary hearing) (VP is (VP scheduled (NP *-1) (PP-TMP next (NP Monday)) (PP-LOC in (NP New York))))))) .)) (TOP (S (NP-SBJ (NP Mr. Samnick) , (SBAR (WHNP-135 who) (S (NP-SBJ *T*-135) (VP will (VP go (PP-DIR before (NP the disciplinary panel)))))) ,) (VP said (SBAR (SBAR 0 (S (NP-SBJ the proceedings) (VP are (ADJP-PRD unfair)))) and (SBAR that (S (NP-SBJ (NP any punishment) (PP-DIR from (NP the guild))) (VP would (VP be (ADJP-PRD unjustified))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP the damages)))) , (NP-SBJ the suit) (VP seeks (NP (NP a court order) (VP preventing (NP-2 the guild) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP (VP punishing (NP *RNR*-1)) or (VP retaliating (PP-CLR against (NP *RNR*-1))) (NP-1 Mr. Trudeau))))))) .)) (TOP (S-HLN (NP-SBJ-1 ABORTION RULING) (VP UPHELD (NP *-1)) :)) (TOP (S (NP-SBJ A federal appeals court) (VP upheld (NP a lower court ruling (SBAR that (S (NP-SBJ the U.S.) (VP can (VP bar (NP (NP the use) (PP of (NP federal funds)) (PP for (NP (NP family-planning programs) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP include (NP abortion-related services))))))))))))) .)) (TOP (S (NP-SBJ (NP A (NAC Department (PP of (NP (NP (NP Health) and (NP Human Services))))) rule) (VP adopted (NP *) (PP-TMP in (NP 1988)))) (VP prohibits (NP (NP the use) (PP of (NP so-called Title X funds)) (PP for (NP (NP (NP programs) (SBAR (WHNP-136 that) (S (NP-SBJ *T*-136) (VP assist (NP-1 a woman) (PP-CLR in (S-NOM (NP-SBJ *-1) (VP obtaining (NP an abortion)))))))) , (PP such as (NP abortion counseling and referrals)))))) .)) (TOP (S (NP-SBJ The rule) (ADVP also) (VP prohibits (NP (NP funding) (PP for (NP (NP activities) (SBAR (WHNP-137 that) `` (S (NP-SBJ *T*-137) (VP encourage , promote or advocate (NP abortion)))))))) . '')) (TOP (S (NP-SBJ Title X funds) (VP are (NP-PRD (NP the single largest source) (PP of (NP (NP federal funding) (PP for (NP family-planning services))))) , (PP according (PP to (NP (NP the opinion) (PP by (NP (NP the Second U.S. Circuit Court) (PP of (NP Appeals)) (PP-LOC in (NP New York)))))))) .)) (TOP (S (NP-SBJ The panel) (VP ruled (SBAR (SBAR that (S (NP-SBJ the restrictions) (VP do n't (VP violate (NP (NP the freedom) (PP of (NP (NP speech) (PP of (NP health care providers))))))))) and (SBAR that (S (NP-SBJ (NP the limits) (PP-LOC on (NP counseling services))) (VP do n't (VP violate (NP (NP the rights) (PP of (NP pregnant women))))))))) .)) (TOP (S-HLN (NP-SBJ INQUIRY) (VP CLEARS (NP TEXAS JUDGE) (PP-CLR of (NP bias)) (PP-LOC in (NP (NP comments) (PP on (NP homosexual murder victims))))) .)) (TOP (S (NP-SBJ-1 Dallas District Judge Jack Hampton) (VP had (VP sparked (NP (NP calls) (PP for (NP a judicial inquiry))) (PP-MNR with (NP (NP his remarks) (PP to (NP the press)))) (NP-TMP last December) , (PP-TMP (NP two weeks) after (S-NOM (NP-SBJ *-1) (VP sentencing (NP-2 an 18-year-old defendant) (PP-CLR to (NP (NP 30 years) (PP-LOC in (NP state prison)))) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP killing (NP two homosexual men) (PP-LOC in (NP a city park)))))))))) .)) (TOP (S (NP-SBJ-1 The judge) (VP was (VP quoted (NP-4 *-1) (SBAR-CLR as (S (S (NP-SBJ *-4) (VP referring (PP-CLR to (NP the victims)) (PP-CLR as `` (NP queers) ''))) and (S (NP-SBJ *-4) (VP saying (SBAR 0 (S (NP-SBJ-2 they) (VP would n't (VP have (VP been (VP killed (NP *-2) `` (SBAR-ADV if (S (NP-SBJ-3 they) (VP had n't (VP been (VP cruising (NP the streets) (S-ADV (NP-SBJ *-3) (VP picking (PRT up) (NP teenage boys)))))))))))))))))))) . '')) (TOP (S But (NP-SBJ (NP Robert R. Murray) , (NP (NP a special master) (VP appointed (NP *) (PP by (NP-LGS the Texas Supreme Court)))) ,) (VP said (SBAR 0 (S (NP-SBJ Judge Hampton) (VP did n't (VP breach (NP (NP any judicial standards) (PP of (NP fairness))) , (SBAR-ADV although (S (NP-SBJ-1 he) (VP did (VP violate (NP (NP the state 's) judicial code) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP commenting (ADVP-MNR publicly) (PP-CLR on (NP a pending case)))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Observing (SBAR that (S (NP-SBJ the judge) `` (VP has (ADVP-TMP never) (VP exhibited (NP any bias or prejudice))))))) , '' (NP-SBJ-1 Mr. Murray) (VP concluded (SBAR that (S (NP-SBJ he) `` (VP would (VP be (ADJP-PRD impartial) (PP-LOC in (NP (NP any case) (VP involving (NP a homosexual or prostitute) '' (PP-CLR as (NP a victim)))))))))) .)) (TOP (S (NP-SBJ Mr. Murray) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ (NP Judge Hampton 's) comments) (VP did n't (VP discredit (NP (NP the judiciary) or (NP (NP the administration) (PP of (NP justice))))))))) .)) (TOP (S (NP-SBJ The report) (VP is (ADJP-PRD subject (PP to (NP (NP review) (PP by (NP (NP (NP the State Commission) (PP on (NP Judicial Conduct))) , (SBAR (WHNP-138 which) (S (NP-SBJ-1 *T*-138) (VP is (VP empowered (S (NP-SBJ *-1) (VP to (VP impose (NP sanctions)))))))))))))) .)) (TOP (S-HLN (NP-SBJ GAF TRIAL) (VP goes (PP-DIR to (NP round three))) .)) (TOP (S (NP-SBJ (NP Attorneys) (PP-LOC in (NP (NP the third stock-manipulation trial) (PP of (NP GAF Corp.))))) (VP began (NP opening arguments) (NP-TMP yesterday) (PP-LOC in (NP (NP the Manhattan courtroom) (PP of (NP U.S. District Judge Mary Johnson Lowe))))) .)) (TOP (S (PP-LOC In (NP an eight-count indictment)) , (NP-SBJ the government) (VP has (VP charged (NP-2 (NP (NP GAF) , (NP a (NAC-LOC Wayne , N.J. ,) specialty chemical maker) ,) and (NP its Vice Chairman James T. Sherwin)) (PP-CLR with (S-NOM (NP-SBJ-1 *-2) (VP attempting (S (NP-SBJ *-1) (VP to (VP manipulate (NP (NP the common stock) (PP of (NP Union Carbide Corp.))) (PP-TMP in (NP (NP advance) (PP of (NP (NP (NP GAF 's) planned sale) (PP of (NP (NP a large block) (PP of (NP the stock)))) (PP-TMP in (NP November 1986)))))))))))))) .)) (TOP (S (NP-SBJ The first two GAF trials) (VP ended (PP-CLR in (NP mistrials)) (NP-TMP earlier this year)) .)) (TOP (S (NP-SBJ-1 This trial) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP last (NP-TMP five weeks)))))) .)) (TOP (S-HLN (NP-SBJ *) (VP SWITCHING (PP-CLR TO (NP THE DEFENSE))) :)) (TOP (S (NP-SBJ (NP A former member) (PP of (NP (NP the prosecution team) (PP-LOC in (NP the Iran/Contra affair))))) (VP joined (NP (NP the Chicago firm) (PP of (NP Mayer , Brown & Platt)))) .)) (TOP (S (NP-SBJ (NP Michael R. Bromwich) , (NP (NP a member) (PP-TMP since (NP January 1987)) (PP of (NP (NP the three-lawyer trial team) (PP-LOC in (NP (NP the prosecution) (PP of (NP Oliver North))))))) ,) (VP became (NP-PRD (NP a partner) (PP-LOC in (NP (NP (NAC-LOC the Washington , D.C. ,) office) (PP of (NP the 520-lawyer firm)))))) .)) (TOP (S (NP-SBJ He) (VP will (VP specialize (PP-CLR in (NP white-collar criminal defense work)))) .)) (TOP (S (NP-SBJ (NP Mr. Bromwich) , (NP 35) ,) (ADVP also) (VP has (VP served (PP-CLR as (NP (NP (NP deputy chief) (PP *RNR*-1)) and (NP (NP chief) (PP *RNR*-1)) (PP-1 of (NP the narcotics unit)))) (PP-BNF for (NP (NP (NP the U.S. attorney 's) office) (PP for (NP (NP the Southern District) (PP of (NP New York)))) , (VP based (NP *) (PP-LOC-CLR in (NP Manhattan))))))) .)) (TOP (S (NP-SBJ Cooper Tire & Rubber Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP reached (NP (NP an agreement (S *ICH*-1)) (PP in (NP principle)) (S-1 (NP-SBJ *) (VP to (VP buy (NP (NP (NP buildings) and (NP related property)) (PP-LOC in (NP (NP Albany) , (NP Ga.) ,))) (PP-CLR from (NP Bridgestone/Firestone Inc))))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ The tire maker) (VP said (SBAR 0 (S (NP-SBJ the buildings) (VP consist (PP-CLR of (NP (NP (QP 1.8 million) square feet) (PP of (NP office , manufacturing and warehousing space)) (PP-LOC on (NP (NP 353 acres) (PP of (NP land)))))))))) .)) (TOP (S (NP-SBJ (NP Fujitsu Ltd. 's) top executive) (VP took (NP (NP the unusual step) (PP of (S-NOM (NP-SBJ *) (VP (ADVP-MNR publicly) apologizing (PP-CLR for (S-NOM (NP-SBJ his company 's) (VP making (NP (NP bids) (PP of (NP (QP just one) yen)) (PP for (NP several local government projects)))))))))) , (SBAR-TMP while (S (NP-SBJ computer rival NEC Corp.) (VP made (NP (NP a written apology) (PP for (S-NOM (NP-SBJ *) (VP indulging (PP-CLR in (NP the same practice)))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ business and government leaders) (VP (VP rebuked (NP the computer makers)) , and (VP fretted (PP-CLR about (NP (NP the broader statement) (SBAR (WHNP-1 0) (S (NP-SBJ (NP the companies ') actions) (VP make (NP *T*-1)))) (PP about (NP Japanese cutthroat pricing)))))) .)) (TOP (S (NP-SBJ Fujitsu) (VP said (SBAR 0 (S (NP-SBJ it) (VP bid (NP (NP the equivalent) (PP of (NP (QP less than a) U.S. penny))) (PP-CLR on (NP three separate municipal contracts)) (PP-TMP during (NP the past two years)))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP disclosed (SBAR that (S (PP-TMP during (NP that period)) (NP-SBJ it) (VP offered (NP (NP 10,000 yen) , or (NP (QP about $ 70) *U*) ,) (PP-CLR for (NP another contract)))))) .)) (TOP (S But (NP-SBJ (NP Fujitsu) , (NP (NP Japan 's) No. 1 computer maker) ,) (VP is n't (ADVP-PRD alone)) .)) (TOP (S (NP-SBJ (NP NEC) , (NP (NP one) (PP of (NP its largest domestic competitors))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP bid (NP one yen) (PP-LOC in (NP two separate public auctions)) (PP-TMP since (NP 1987)))))) .)) (TOP (S (PP-LOC In (NP both cases)) , (NP-SBJ NEC) (VP lost (NP the contract) (PP-CLR to (NP (NP Fujitsu) , (SBAR (WHNP-139 which) (S (NP-SBJ *T*-139) (VP (VP made (NP the same bid)) and (VP won (NP a tie-breaking lottery)))))))) .)) (TOP (S (NP-SBJ All the contracts) (VP (VP were (PP-PRD for (NP computer-system-design contracts))) and (VP involved (NP no hardware or software))) .)) (TOP (S (NP-SBJ-1 (NP The Ministry) (PP of (NP (NP International Trade) and (NP Industry)))) (VP summoned (NP (NP executives) (PP from (NP the companies))) (S-PRP (NP-SBJ *-1) (VP to `` (VP make (ADJP sure (SBAR 0 (S (NP-SBJ they) (VP understood '' (NP (NP the concern) (PP about (NP such practices))))))) , (PP according (PP to (NP a government spokesman))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ These cases) (VP lead (PP-CLR to (NP (NP the loss) (PP of (NP (NP the firms ') (ADJP social and international) credibility)))))) , '' (NP-SBJ a ministry statement) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Japan 's) Fair Trade Commission) (VP has (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP is (VP considering (S (NP-SBJ *-1) (VP investigating (NP the bids) (PP-CLR for (NP possible antitrust-law violations)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 We) (VP would (VP like (S (NP-SBJ-3 *-2) (VP to (VP apologize (PP-CLR for (S-NOM (NP-SBJ *-3) (VP having (VP caused (NP huge trouble))))))))))) , '' (NP-SBJ Fujitsu President Takuma Yamamoto) , (VP read (S *T*-1) (PP from (NP a prepared statement)) (SBAR-TMP as (S (NP-SBJ he) (VP stood (PP-LOC before (NP a packed news conference)) (PP-LOC at (NP (NP his company 's) downtown headquarters)))))) .)) (TOP (S-1 (NP-SBJ The bids) (PRN , (S (NP-SBJ he) (VP added (SBAR 0 (S *T*-1)))) ,) (VP were `` (ADJP-PRD contrary (PP to (NP common sense)))) . '')) (TOP (S (NP-SBJ NEC) (VP released (NP (NP (NP a statement) (VP saying , `` (S (NP-SBJ-1 We) (VP feel (ADJP-PRD sorry (PP for (S-NOM (NP-SBJ *-1) (VP having (VP caused (NP (NP trouble) (PP to (NP society)))))))))))) , '' (NP (NP a form) (PP of (NP apology)) (RRC (ADJP common) (PP-LOC in (NP Japan)) (PP for (NP (NP companies) (VP caught (NP *) (PP-LOC-CLR in (NP embarrassing situations))))))))) .)) (TOP (S (NP-SBJ-2 Japanese companies) (VP have (ADVP-TMP long) (VP had (NP (NP a reputation) (PP for (S-NOM (NP-SBJ-1 *-2) (VP sacrificing (NP short-term profits) (S-PRP (NP-SBJ *-1) (VP to (VP make (NP (NP a sale) (SBAR (WHNP-140 that) (S (NP-SBJ *T*-140) (VP may (VP have (NP long-term benefits))))))))))))))) .)) (TOP (S But (NP-SBJ the growing controversy) (VP comes (PP-TMP as (S-NOM (NP-SBJ (NP (NP many practices) (VP (ADVP-MNR historically) accepted (NP *) (PP-CLR as (ADJP normal)) (ADVP-LOC here))) (PRN -- (PP such as (S-NOM (NP-SBJ politicians) (VP (VP accepting (NP substantial gifts) (PP-DIR from (NP businessmen))) or (VP having (NP extramarital affairs))))) --)) are (VP coming (PP-LOC-CLR under (NP close ethical scrutiny)))))) .)) (TOP (S (NP-SBJ-1 The fire) (VP is (ADVP also) (VP fueled (NP *-1) (PP by (NP-LGS (NP growing international interest) (PP in (NP Japanese behavior)))))) .)) (TOP (S (ADVP-TMP So far) (NP-SBJ there) (VP have (VP been (NP-PRD (NP no public overseas complaints) (PP about (NP the issue))))) .)) (TOP (S But (PP-LOC in (NP (NP one) (PP of (NP (NP the auctions) (PP in (NP question)))))) , (NP-SBJ International Business Machines Corp.) (VP made (NP (NP a bid) (ADJP (ADJP substantially higher) (PP than (NP the Fujitsu offer)))) , (PP according (PP to (NP the municipality)))) .)) (TOP (S (NP-SBJ The low-ball bids) (VP touch (PP-CLR on (NP (NP issues) (ADJP central (PP to (NP the (ADJP increasingly tense) trade debate)))))) .)) (TOP (S (NP-SBJ Foreigners) (VP complain (SBAR that (S (NP-SBJ they) (VP have (NP (NP limited access) (PP to (NP government procurement))) (PP-LOC in (NP Japan)) , (SBAR-PRP (ADVP in part) because (S (NP-SBJ Japanese companies) (VP (ADVP-MNR unfairly) undercut (NP them)))))))) .)) (TOP (S (NP-SBJ The U.S. government) (PP-TMP in (NP recent years)) (VP has (VP accused (NP Japanese companies) (PP-CLR of (S-NOM (NP-SBJ *) (VP (ADVP-MNR excessively) slashing (NP (NP prices) (PP-LOC on (NP (NP semiconductors and supercomputers) -- (NP (NP products) (SBAR (WHNP-1 0) (S (NP-SBJ Fujitsu and NEC) (VP make (NP *T*-1))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Asked (NP *-2) (SBAR whether (S (NP-SBJ the bidding flap) (VP would (VP hurt (NP U.S.-Japan relations))))))) , (NP-SBJ-1 Mr. Yamamoto) (VP said , `` (S (NP-SBJ this) (VP will (VP be (NP-PRD a minus factor))))) . '')) (TOP (S (NP-SBJ The `` one-yen '' controversy) (ADVP-TMP first) (VP came (PP-CLR to (NP a head)) (NP-TMP last week) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP the city) (PP of (NP Hiroshima))) (VP announced (SBAR that (S (NP-SBJ Fujitsu) (VP won (NP a contract (S (NP-SBJ *) (VP to (VP design (NP (NP a computer system) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP map (NP its waterworks))))))))))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (S (NP-SBJ-1 The city) (VP had (VP expected (S (NP-SBJ *-1) (VP to (VP pay (NP (NP (QP about 11 million) yen) (PRN -LRB- (NP $ 77,000 *U*) -RRB-)))))))) , but (S (NP-SBJ-2 Fujitsu) (ADVP essentially) (VP offered (S (NP-SBJ *-2) (VP to (VP do (NP it) (PP-MNR for (ADVP free))))))) .)) (TOP (S (ADVP-TMP Then) (NP-TMP Wednesday) , (NP-SBJ Fujitsu) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP made (NP a similar bid) (S-PRP (NP-SBJ *-1) (VP to (VP win (NP (NP a library contract) (PP-LOC in (NP Nagano prefecture)))))) (ADVP-TMP (NP two weeks) earlier))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP said (SBAR that (S (S (PP-TMP in (NP July)) , (NP-SBJ-2 it) (VP bid (NP 10,000 yen) (S-PRP (NP-SBJ *-2) (VP to (VP design (NP a system) (PP-BNF for (NP the Saitama prefectural library))))))) , and (S (ADVP-TMP (NP two years) ago) , (NP-SBJ-1 it) (VP bid (NP one yen) (S-PRP (NP-SBJ *-1) (VP to (VP plan (NP (NP the telecommunications system) (PP for (NP Wakayama prefecture))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP has (VP offered (S (NP-SBJ *-1) (VP to (VP withdraw (NP (NP its bids) (PP-LOC in (NP Hiroshima and Nagano))))))))))) .)) (TOP (S (NP-SBJ The municipalities) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP have n't (VP decided (SBAR whether (S (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP force (S (NP-SBJ the company) (VP to (VP go (PRT through) (PP-CLR with (NP the contracts))))))))))))))))) .)) (TOP (S (NP-SBJ Fujitsu and NEC) (VP said (SBAR (SBAR 0 (S (NP-SBJ they) (VP were (ADVP-TMP still) (VP investigating)))) , and (SBAR that (S (NP-SBJ (NP knowledge) (PP of (NP more such bids))) (VP could (VP emerge)))))) .)) (TOP (S (NP-SBJ Mr. Yamamoto) (VP insisted (SBAR (SBAR that (S (NP-SBJ headquarters) (VP had n't (VP approved (NP the bids))))) , and (SBAR that (S (NP-SBJ he) (VP did n't (VP know (PP-CLR about (NP (NP most) (PP of (NP the cases)))) (PP-TMP until (NP Wednesday)))))))) .)) (TOP (S (NP-SBJ (NP Other major Japanese computer companies) (VP contacted (NP *) (NP-TMP yesterday))) (VP said (SBAR 0 (S (NP-SBJ they) (VP have (ADVP-TMP never) (VP made (NP such bids)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ One yen) (VP is not (ADJP-PRD ethical))) , '' (NP-SBJ (NP Michio Sasaki) , (NP (NP an official) (PP-LOC at (NP (NP Keidanren) , (NP (NP the Japan Federation) (PP of (NP Economic Organizations)))))) ,) (VP said (S *T*-1)) .)) (TOP (S `` (S (NP-SBJ Profit) (VP may (VP be (ADJP-PRD low)))) , but (S (ADVP at least) (NP-SBJ-1 costs) (VP should (VP be (VP covered (NP *-1))))) .)) (TOP (NP-HLN PAPERS :)) (TOP (S (NP-SBJ-1 Backe Group Inc.) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP Atlantic Publications Inc.) , (SBAR (WHNP-141 which) (S (NP-SBJ *T*-141) (VP has (NP (NP 30 community papers) and (NP (NP annual sales) (PP of (NP (QP $ 7 million) *U*)))))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Backe) (VP is (NP-PRD (NP a (ADJP closely held) media firm) (VP run (NP *) (PP by (NP-LGS former CBS Inc. President John Backe))))) .)) (TOP (NP-HLN TV :)) (TOP (S (NP-SBJ-1 Price Communications Corp.) (VP completed (NP (NP the sale) (PP of (NP (NP four) (PP of (NP its TV stations)))) (PP to (NP NTG Inc.)) (PP for (NP (NP (QP $ 120 million) *U*) (PP in (NP cash and notes))))) , (S-ADV (NP-SBJ *-1) (VP retaining (NP (NP a (ADJP 10 %) equity stake) (PP-LOC in (NP the new concern)))))) .)) (TOP (S (NP-SBJ-1 NTG) (VP was (VP formed (NP *-1) (PP by (NP-LGS (NP Osborn Communications Corp.) and (NP Desai Capital))))) .)) (TOP (S (NP-SBJ (NP Michaels Stores Inc.) , (SBAR (WHNP-142 which) (S (NP-SBJ *T*-142) (VP owns and operates (NP (NP a chain) (PP of (NP specialty retail stores)))))) ,) (VP said (SBAR 0 (S (NP-SBJ October sales) (VP rose (NP-EXT 14.6 %) (PP-DIR to (NP (QP $ 32.8 million) *U*)) (PP-DIR from (NP (QP $ 28.6 million) *U*) (NP-TMP (NP a year) (ADVP earlier))))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP-LOC in (NP (NP stores) (RRC (ADJP open) (NP-TMP (QP more than one) year))))) (VP rose (NP-EXT 3 %) (PP-DIR to (NP (QP $ 29.3 million) *U*)) (PP-DIR from (NP (QP $ 28.4 million) *U*))) .)) (TOP (S (NP-SBJ (NP Furukawa Co.) (PP of (NP Japan))) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP acquire (NP (NP (NP two construction machinery plants) and (NP a sales unit)) (PP-LOC in (NP France)) (VP (ADVP-TMP formerly) belonging (PP-CLR to (NP (NP Dresser Industries Inc.) (PP of (NP the U.S))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP made (NP the purchase) (SBAR-TMP in order (S (NP-SBJ *-1) (VP to (ADVP-LOC locally) (VP produce (NP (ADJP hydraulically operated) shovels))))))))) .)) (TOP (S (NP-TMP Last October) , (NP-SBJ the company) (ADVP also) (VP bought (NP (NP a wheel-loader manufacturing plant) (PP-LOC in (NP (NP Heidelberg) , (NP West Germany) ,))) (PP-DIR-CLR from (NP Dresser))) .)) (TOP (S (NP-SBJ Furukawa) (VP said (SBAR 0 (S (NP-SBJ (NP the purchase) (PP of (NP the French and German plants))) (ADVP together) (VP will (VP total (NP (NP (QP about 40 billion) yen) (PRN -LRB- (NP (QP $ 280 million) *U*) -RRB-))))))) .)) (TOP (S (NP-SBJ (NP Structural Dynamics Research Corp.) , (SBAR (WHNP-143 which) (S (NP-SBJ *T*-143) (VP makes (NP computer-aided engineering software)))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP introduced (NP (NP new technology) (PP in (NP mechanical design automation)) (SBAR (WHNP-144 that) (S (NP-SBJ *T*-144) (VP will (VP improve (NP mechanical engineering productivity)))))))))) .)) (TOP (X @)) (TOP (X Money Market Deposits-a 6.21 %)) (TOP (NP (NP (LST a -) (NP Average rate) (VP paid (NP *) (NP-TMP yesterday) (PP by (NP-LGS 100 large banks and thrifts)) (PP-LOC in (NP the 10 largest metropolitan areas)))) (SBAR as (S (NP-SBJ-2 *) (VP compiled (NP *-2) (PP by (NP-LGS Bank Rate Monitor))))) .)) (TOP (NP (LST b -) Current annual yield .)) (TOP (NP (NP Guaranteed minimum) (NP 6 %) .)) (TOP (S (NP-SBJ LSI Logic Corp.) (VP reported (NP (NP a surprise (ADJP (QP $ 35.7 million) *U*) third-quarter net loss) , (PP including (NP (NP a special restructuring charge) (SBAR (WHNP-145 that) (S (NP-SBJ *T*-145) (VP reflects (NP (NP a continuing industry-wide slowdown) (PP-LOC in (NP semiconductor demand)))))))))) .)) (TOP (S (PP-TMP In (NP September)) , (NP-SBJ the custom-chip maker) (VP said (SBAR 0 (S (NP-SBJ (NP excess capacity) and (NP lagging billings)) (VP would (VP result (PP-CLR in (NP (NP an estimated (ADJP (QP $ 2 million to $ 3 million) *U*) net loss) (PP for (NP the third quarter))))))))) .)) (TOP (S But (NP-SBJ-4 company officials) (VP said (NP-TMP yesterday) (SBAR that (S (NP-SBJ-2 they) (VP decided (S (NP-SBJ-3 *-2) (VP to (VP take (NP (NP a (ADJP (QP $ 43 million) *U*) pretax charge) (PP for (NP the period))) (S-PRP (NP-SBJ *-3) (VP to (VP cover (NP (NP a restructuring) (PP of (NP world-wide manufacturing operations)))))))))))) , (S-ADV (NP-SBJ *-4) (VP citing (NP (NP (NP extended weakness) (PP-LOC in (NP the market))) (CONJP as well as) (NP a decision (S (NP-SBJ *) (VP to (VP switch (PP-CLR to (NP (ADJP more economical) production techniques)))))))))) .)) (TOP (SINV `` (S-TPC-1 (PP-TMP Over (NP the summer months)) , (NP-SBJ there) (VP has (VP been (NP-PRD (NP a slowing) (PP-LOC in (NP (NP the rate) (PP of (NP (NP new orders) (PP from (NP (NP the computer sector) , (NP our primary market))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Wilfred J. Corrigan) , (NP (NP chairman) and (NP chief executive officer))) .)) (TOP (S `` (PP In (NP addition)) , (NP-SBJ (NP recent industry forecasts) (PP for (NP 1990))) (VP indicate (NP (NP a slow environment) , (PP-TMP (ADVP at least) until (NP midyear)))) . '')) (TOP (S (PP As (NP a result)) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP decided (S (NP-SBJ *-1) (VP to (VP (VP phase (PRT out) (NP its oldest capacity)) and `` (VP make (NP (NP appropriate reductions) '' (PP-LOC in (NP operating expenses))))))))))) .)) (TOP (S (NP-SBJ The (ADJP (QP $ 35.7 million) *U*) net loss) (VP equals (NP (NP 86 cents) (NP-ADV a share))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Not counting (NP the extraordinary charge))) , (NP-SBJ-1 the company) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP have (VP had (NP (NP a net loss) (PP of (NP (NP (QP $ 3.1 million) *U*) , or (NP (NP seven cents) (NP-ADV a share))))))))))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (NP-SBJ it) (VP had (NP (NP profit) (PP of (NP (NP (QP $ 7.5 million) *U*) , or (NP (NP 18 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 42 %) (PP-DIR to (NP (QP $ 133.7 million) *U*)) (PP-DIR from (NP (QP $ 94 million) *U*))) .)) (TOP (S (NP-SBJ The charge) (VP (ADVP-MNR partly) reflects (NP a switch (PP-DIR from (NP older five-inch (NX *ICH*-1))) (PP-DIR to (NP more-efficient six-inch (NX *ICH*-1))) (NX-1 (NP silicon wafers) (SBAR (WHPP-2 with (WHNP which)) (S (NP-SBJ *) (VP to (VP fabricate (NP chips) (PP-MNR *T*-2)))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Related (PP-CLR to (NP that decision)))) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (VP converting (NP its (NAC-LOC Santa Clara , Calif. ,) factory) (PP-CLR to (NP a research and development facility))))))) .)) (TOP (S (NP-SBJ-1 A spokesman) (VP declined (S (NP-SBJ *-1) (VP to (VP speculate (PP-CLR about (NP (NP possible reductions) (PP-LOC in (NP force)))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ This) (VP is (NP-PRD (NP a company) (SBAR (WHNP-146 that) (S (NP-SBJ *T*-146) (VP has (VP invested (PP-CLR in (NP capacity additions)) (ADVP-MNR (ADVP more aggressively) (PP than (NP (NP any other company) (PP-LOC in (NP the industry)))))))))))) and (S (ADVP-TMP now) (S (NP-SBJ the industry) (VP is (VP growing (ADVP-MNR more slowly)))) and (S (NP-SBJ they) (VP are (ADVP-TMP suddenly) (ADJP-PRD poorly positioned))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Michael Stark) , (NP (NP chip analyst) (PP-LOC at (NP Robertson , Stephens & Co)))) .)) (TOP (S `` (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the stock) (VP is (NP-PRD dead money) (PP-TMP for (NP a while)))))) . '')) (TOP (S (NP-SBJ-1 (NP Yesterday 's) announcement) (VP was (VP made (NP *-1) (SBAR-TMP after (S (NP-SBJ markets) (VP closed))))) .)) (TOP (S (NP-SBJ U.S. chip makers) (VP are (VP facing (NP continued slack demand) (PP-TMP following (NP a (ADJP traditionally slow) summer)))) .)) (TOP (S (NP-SBJ (NP Part) (PP of (NP the problem))) (VP is (SBAR-PRD that (S (NP-SBJ chip buyers) (VP are (VP keeping (S (NP-SBJ inventories) (ADJP-PRD low)) (PP-PRP because of (NP (NP jitters) (PP about (NP (NP the course) (PP of (NP the U.S. economy))))))))))) .)) (TOP (NP-HLN (NP INGERSOLL-RAND Co .) (PRN -LRB- (NP-LOC (NP Woodcliff Lake) , (NP N.J .)) -RRB-) --)) (TOP (S (NP-SBJ-2 (NP William G. Kuhns) , (NP former (NX (NX (NX chairman) (PP *RNR*-1)) and (NX (NX chief executive officer) (PP *RNR*-1)) (PP-1 of (NP General Public Utilities Corp.)))) ,) (VP was (VP elected (S (NP-SBJ *-2) (NP-PRD (NP a director) (PP of (NP (NP this maker) (PP of (NP (UCP industrial and construction) equipment)))))) , (S-ADV (NP-SBJ *) (VP increasing (NP board membership) (PP-DIR to (NP 10)))))) .)) (TOP (S (NP-SBJ-1 The dollar) (VP posted (NP (NP gains) (PP against (NP all major currencies))) (NP-TMP yesterday) , (S-ADV (NP-SBJ-2 *-1) (VP buoyed (NP *-2) (PP by (NP-LGS (NP persistent Japanese demand) (PP for (NP U.S. bond issues))))))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ market sentiment) (VP remains (ADJP-PRD cautiously bearish (PP on (NP the dollar))) (PP based (PP on (NP sluggish U.S. economic indicators)))))) , (NP-SBJ dealers) (VP note (SBAR that (S (NP-SBJ-1 Japanese demand) (VP (VP has (VP helped (S (NP-SBJ *-1) (VP underpin (NP the dollar) (PP-CLR against (NP the yen)))))) and (VP has (VP kept (NP-2 the U.S. currency) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP plunging (PP-DIR below (NP key levels)) (PP against (NP the mark))))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ dealers) (VP said (SBAR 0 (S (NP-SBJ-1 the U.S. unit) (VP has (VP been (VP locked (NP *-1) (PP-CLR into (NP a (ADJP relatively narrow) range)) (PP-TMP in (NP recent weeks)) , (SBAR-PRP (ADVP in part) because (S (NP-SBJ-2 (NP the hefty Japanese demand) (PP for (NP dollars))) (VP has (VP been (VP offset (NP *-2) (PP by (NP-LGS (NP the mark 's) strength)) , (S-ADV (NP-SBJ *) (VP resulting (PP-CLR in (NP a stalemate))))))))))))))) .)) (TOP (S (NP-SBJ (NP Jay Goldinger) , (PP with (NP Capital Insight Inc.)) ,) (VP reasons (SBAR that (S (SBAR-TMP while (S (NP-SBJ the mark) (VP has (VP posted (NP significant gains) (PP-CLR against (NP the yen)) (ADVP as well) (PRN -- (S (NP-SBJ the mark) (VP climbed (PP-DIR to (NP 77.70 yen)) (PP-DIR from (NP 77.56 yen)) (NP-TMP late Tuesday) (PP-LOC in (NP New York)))) --))))) (NP-SBJ-1 (NP the strength) (PP of (NP the U.S. bond market)) (VP compared (NP *) (PP-CLR to (NP its foreign counterparts)))) (VP has (VP helped (S (NP-SBJ *-1) (VP lure (NP investors) (PP-CLR to (NP (NP dollar-denominated bonds) , (CONJP rather than) (NP mark bonds)))))))))) .)) (TOP (S-1 `` (S (NP-SBJ Dollar-yen -LCB- trade -RCB-) (VP is (NP-PRD the driving force) (PP-LOC in (NP the market)))) , '' (PRN (SINV (VP said (S *T*-1)) (NP-SBJ (NP Tom Trettien) , (NP (NP a vice president) (PP with (NP (NP Banque Paribas) (PP-LOC in (NP New York)))))))) , `` but (S (NP-SBJ-2 I) (VP 'm not (VP convinced (NP *-2) (SBAR 0 (S (NP-SBJ it) (VP will (VP continue))))))) .)) (TOP (SBARQ (WHNP-1 Who) (SQ (NP-SBJ *T*-1) (VP knows (SBAR (WHNP-2 what) (SQ (NP-SBJ *T*-2) (VP will (VP happen (PP-LOC down (NP the road)) , (PP-TMP in (NP (QP three to six) months)) , (SBAR-ADV if (S (NP-SBJ-3 foreign investment) (VP starts (S (NP-SBJ *-3) (VP to (VP erode)))))))))))) ? '')) (TOP (S (PP-LOC In (NP late New York trading)) (NP-TMP yesterday) , (NP-SBJ-1 the dollar) (VP was (VP quoted (NP *-1) (PP-CLR (PP at (NP (NP 1.8500 marks) , (ADVP up (PP from (NP 1.8415 marks) (NP-TMP late Tuesday))))) , and (PP at (NP (NP 143.80 yen) , (ADVP up (PP from (NP 142.85 yen) (NP-TMP late Tuesday)))))))) .)) (TOP (S (NP-SBJ-1 Sterling) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP $ 1.5755 *U*) , (ADVP down (PP from (NP $ 1.5805 *U*) (NP-TMP late Tuesday))))))) .)) (TOP (S (PP-LOC In (NP Tokyo)) (NP-TMP Thursday) , (NP-SBJ the U.S. currency) (VP opened (PP-CLR for (NP trading)) (PP-CLR at (NP (NP 143.93 yen) , (ADVP up (PP from (NP (NP (NP Wednesday 's) Tokyo close) (PP of (NP 143.08 yen)))))))) .)) (TOP (S (NP-SBJ (NP Douglas Madison) , (NP (NP a corporate trader) (PP with (NP (NP (NP Bank) (PP of (NP America))) (PP-LOC in (NP Los Angeles))))) ,) (VP traced (NP (NP (NP the dollar 's) recent solid performance) (PP against (NP the yen))) (PP-CLR to (NP (NP (NP purchases) (PP of (NP securities)) (PP by (NP Japanese (NX (NX insurance companies) and (NX trust banks))))) and (NP the sense (SBAR that (S (NP-SBJ (NP another wave) (PP of (NP investment))) (VP is (VP waiting (PP-LOC-CLR in (NP the wings)))))))))) .)) (TOP (S (NP-SBJ He) (VP contends (SBAR that (S (NP-SBJ-2 (NP the perception) (PP-LOC in (NP Japan)) (PP of (NP (NP a vitriolic U.S. response) (PP to (NP (NP (NP Sony Corp. 's) announcement) (PP of (NP (NP its purchase) (PP of (NP Columbia Pictures Entertainment Inc.))))))))) (VP has (VP been (ADVP-TMP temporarily) (VP mollified (NP *-2))))))) .)) (TOP (S (NP-SBJ He) (VP cites (NP (NP (NP the recent deal) (PP-LOC between (NP (NP the Mitsubishi Estate Co.) and (NP the Rockefeller Group)))) , (CONJP as well as) (NP (NP the possible white knight role) (PP of (NP an undisclosed Japanese company)) (PP-LOC in (NP (NP the Georgia-Pacific Corp. takeover bid) (PP for (NP Great Northern Nekoosa Corp.)))))) (PP-CLR as (NP evidence))) .)) (TOP (S (NP-SBJ (NP The forthcoming maturity) (PP-TMP in (NP November)) (PP of (NP (NP a 10-year Japanese government yen-denominated bond issue) (VP valued (NP *) (PP-CLR at (NP (QP about $ 16 billion) *U*)))))) (VP has (VP prompted (NP speculation (SBAR *ICH*-2)) (PP-LOC in (NP the market)) (SBAR-2 that (S (NP-SBJ (NP investors) (VP redeeming (NP the bonds))) (VP will (VP diversify (PP-DIR into (NP dollar-denominated instruments)) , (PP according (PP to (NP Mr. Madison))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP remains (ADJP-PRD unclear) (SBAR-1 whether (S (NP-SBJ-2 the bond issue) (VP will (VP be (VP rolled (NP *-2) (PRT over))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP traders) (PP-LOC in (NP Tokyo))) (VP say (SBAR that (S (NP-SBJ (NP the prospect) (PP of (NP lower U.S. interest rates))) (VP has (VP spurred (NP (NP dollar buying) (PP by (NP Japanese institutions)))))))) .)) (TOP (S (NP-SBJ They) (VP (VP point (PRT out) (SBAR that (S (NP-SBJ-1 these institutions) (VP want (S (NP-SBJ *-1) (VP to (VP lock (PRT in) (NP (NP returns) (PP on (NP high-yield U.S. Treasury debt)))))))))) and (VP suggest (SBAR 0 (S (NP-SBJ-2 (NP demand) (PP for (NP the U.S. unit))) (VP will (VP continue (S-ADV (NP-SBJ *-2) (ADJP-PRD unabated)) (SBAR-TMP until (S (NP-SBJ (NP rates) (PP-LOC in (NP the U.S.))) (VP recede))))))))) .)) (TOP (S (S (NP-SBJ The market) (ADVP-TMP again) (VP showed (NP (NP little interest) (PP in (NP (NP further evidence) (PP of (NP a slowing U.S. economy))))))) , and (S (NP-SBJ traders) (VP note (SBAR that (S (NP-SBJ the market) (PP-TMP in (NP recent weeks)) (VP has (VP taken (NP its cues) (PP-CLR (PP (ADVP more) from (NP Wall Street)) (PP than (NP U.S. economic indicators))))))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ the dollar) (ADVP merely) (VP drifted (ADVP-DIR lower) (PP-TMP following (NP (NP the release) (NP-TMP Wednesday) (PP of (NP (NP the U.S. purchasing managers ') report)))))))) .)) (TOP (S (NP-SBJ (NP (NP The managers ') index) , (SBAR (WHNP-147 which) (S (NP-SBJ *T*-147) (VP measures (NP (NP the health) (PP of (NP the manufacturing sector)))))) ,) (VP stood (PP-LOC-CLR at (NP (NP 47.6 %) (PP-LOC *ICH*-1))) (PP-TMP in (NP October)) , (PP-LOC-1 (PP above (NP (NP September 's) 46 %)) , and (ADVP also) (PP above (NP (NP average forecasts) (PP for (NP the index)) (PP of (NP 45.3 %)))))) .)) (TOP (S (NP-SBJ Some dealers) (VP said (SBAR 0 (S (NP-SBJ-1 the dollar) (VP was (VP pressured (NP *-1) (ADVP-MNR slightly) (SBAR-PRP because (S (NP-SBJ (NP a number) (PP of (NP market participants))) (VP (VP had (VP boosted (NP their expectations) (PP-TMP in (NP the past day)))) and (VP were (VP looking (PP-CLR for (NP (NP an index) (PP-LOC above (NP 50)) , (SBAR (WHNP-148 which) (S (NP-SBJ *T*-148) (VP indicates (NP an expanding manufacturing economy)))))))))))))))) .)) (TOP (S But (NP-SBJ most) (VP said (SBAR 0 (S (NP-SBJ the index) (VP had (NP (NP no more) (PP than (NP (NP a minimal effect) (PP on (NP trade))))))))) .)) (TOP (S (PP-LOC On (NP the Commodity Exchange)) (PP-LOC in (NP New York)) , (NP-SBJ (NP gold) (PP for (NP current delivery))) (VP settled (PP-LOC-CLR at (NP (NP $ 374.20 *U*) (NP-ADV an ounce))) , (ADVP down (NP 50 cents))) .)) (TOP (S (NP-SBJ Estimated volume) (VP was (NP-PRD a moderate (QP 3.5 million) ounces)) .)) (TOP (S (PP-LOC In (NP early trading)) (PP-LOC in (NP Hong Kong)) (NP-TMP Thursday) , (NP-SBJ-1 gold) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP $ 374.19 *U*) (NP-ADV an ounce))))) .)) (TOP (S (S `` (NP-TTL-SBJ The Cosby Show) '' (VP may (VP have (ADVP-MNR single-handedly) (VP turned (PRT around) (NP (NP ratings) (PP-LOC at (NP NBC))) (PP-TMP since (NP (NP its debut) (PP-TMP in (NP 1984)))))))) , and (S (NP-SBJ the Huxtable family) (ADVP-TMP still) (VP keeps (S (NP-SBJ (NP millions) (PP of (NP viewers))) (VP laughing (NP-TMP Thursday night) (PP-LOC on (NP the network)))))) .)) (TOP (S But (NP-SBJ (NP some) (PP of (NP (NP the TV stations) (SBAR (WHNP-149 that) (S (NP-SBJ *T*-149) (VP bought (NP `` Cosby '' reruns) (PP-CLR for (NP record prices)) (ADVP-TMP (NP two years) ago))))))) (VP are n't (VP laughing (ADVP much) (NP-TMP these days))) .)) (TOP (S (NP-SBJ The reruns) (VP have (VP helped (NP (NP ratings) (PP-LOC at (NP (NP many) (PP of (NP (NP the 187 (NX (NX network affiliates) and (NX independent TV stations))) (SBAR (WHNP-150 that) (S (NP-SBJ *T*-150) (VP air (NP the shows))))))))))) .)) (TOP (S But (S (NP-SBJ the ratings) (VP are (PP-PRD-LOC (ADVP considerably) below (NP expectations)))) , and (S (NP-SBJ some stations) (VP say (SBAR 0 (S (NP-SBJ they) (VP may not (VP buy (NP new episodes) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ their current contracts) (VP expire (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ stations) (VP are (VP fuming (SBAR-PRP because (S-1 (PRN , (S (NP-SBJ (NP many) (PP of (NP them))) (VP say (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP (NP the show 's) distributor) , (NP Viacom Inc.) ,) (VP is (VP giving (NP (NP an ultimatum) : (S (NP-SBJ-2 *) (VP Either (VP sign (NP new long-term commitments (S (NP-SBJ *) (VP to (VP buy (NP future episodes)))))) or (VP risk (S (NP-SBJ *-2) (VP losing `` (NP-TTL Cosby) '' (PP-CLR to (NP a competitor)))))))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 Viacom) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP persuade (NP-2 stations) (S (NP-SBJ *-2) (VP to (VP make (NP (NP commitments) (PP to (NP `` (NP-TTL A Different World) , '' (NP (NP a spin-off) (PP of `` (NP-TTL Cosby) '')) (SBAR (WHNP-151 whose reruns) (S (NP-SBJ *T*-151) (VP will (VP become (ADJP-PRD available) (PP-TMP in (NP 1991))))))))))))))))) .)) (TOP (S (NP-SBJ Viacom) (VP denies (SBAR 0 (S (NP-SBJ it) (VP 's (VP using (NP pressure tactics)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 We) (VP 're (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP negotiate)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Dennis Gillespie) , (NP (NP executive vice president) (PP of (NP marketing)))) .)) (TOP (S `` (NP-SBJ We) (VP 're (VP offering (NP this plan) (ADVP-TMP now) (SBAR-PRP because (S (NP-SBJ we) (VP feel (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD the right time))))))))) . '')) (TOP (S-1 But (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP the general manager) (PP of (NP (NP a network affiliate) (PP-LOC in (NP the Midwest)))))) ,) `` (NP-SBJ I) (VP think (SBAR 0 (S (SBAR-ADV if (S (NP-SBJ I) (VP tell (NP them) (SBAR 0 (S (NP-SBJ I) (VP need (NP more time))))))) , (NP-SBJ they) (VP 'll (VP take ` (NP-TTL Cosby) ' (PP-DIR across (NP the street))))))) , '')) (TOP (S (NP-SBJ (NP Viacom 's) move) (VP comes (SBAR-TMP as (S (NP-SBJ-76 the syndication market) (VP is (VP being (VP flooded (NP *-76) (PP-CLR with (NP (NP situation comedies) (SBAR (WHNP-152 that) (S (NP-SBJ *T*-152) (VP are (ADVP-TMP still) (VP running (PP-TMP on (NP the networks)))))))))))))) .)) (TOP (S (NP-SBJ One station manager) (VP says (SBAR 0 (S (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ (NP Viacom 's) move) (VP is (NP-PRD a `` pre-emptive strike '')))) (SBAR-PRP because (S (NP-SBJ the company) (VP is (ADJP-PRD worried (SBAR that (S (NP-SBJ-1 `` Cosby '' ratings) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP drop (PP-LOC in (NP syndication)) (PP-TMP over (NP the next few years))))))))))))))))) .)) (TOP (S `` (NP-TTL-SBJ Cosby) '' (VP is (ADVP-PRD down (NP a full ratings point)) (PP-TMP in (NP (NP the week) (PP of (NP Oct. 2-8)))) (PP over (NP (NP the same week) (ADVP-TMP (NP a year) ago))) , (PP according (PP to (NP A.C. Nielsen Co)))) .)) (TOP (S (NP-SBJ (NP Mr. Gillespie) (PP-LOC at (NP Viacom))) (VP says (SBAR 0 (S (NP-SBJ the ratings) (VP are (VP rising))))) .)) (TOP (S And (NP-SBJ (NP executives) (PP-LOC at (NP (NP stations) (PP-LOC in (NP (NP such major markets) (PP as (NP (NP Washington) ; (NP (NP Providence) , (NP R.I.)) ; (NP Cleveland) ; (NP (NP Raleigh) , (NP N.C.)) ; (NP Minneapolis) , and (NP (NP Louisville) , (NP Ky.) ,)))))))) (VP say (SBAR 0 (S (NP-SBJ they) (VP may (ADVP very well) not (VP renew `` (NP-TTL Cosby)))))) . '')) (TOP (S (NP-SBJ (NP Dick Lobo) , (NP (NP the general manager) (PP of (NP (NP WTVJ) , (NP (NP the NBC-owned station) (PP-LOC in (NP Miami))))))) (PRN , (PP for (NP example)) ,) (VP says (SBAR 0 (S (NP-SBJ the show) (VP has `` (VP been (NP-PRD (NP a major disappointment) (PP to (NP us)))))))) . '')) (TOP (S `` (PP-LOC At (NP (NP the prices) (SBAR (WHNP-1 0) (S (NP-SBJ-78 we) (VP were (VP charged (NP *-78) (NP *T*-1))))))) , (NP-SBJ there) (VP should (VP have (VP been (NP-PRD (NP some return) (PP for (NP the dollar)))))) .)) (TOP (S (NP-SBJ There) (VP was n't (NP-PRD *?*)) . '')) (TOP (S (NP-SBJ (NP Neil Kuvin) , (NP (NP the general manager) (PP of (NP (NP WHAS) , (NP (NP the CBS affiliate) (PP-LOC in (NP Louisville))) ,)))) (VP says (SBAR (SBAR 0 (S `` (NP-TTL-SBJ Cosby) '' (VP gets (NP (NP the station 's) highest ratings)))) and (SBAR 0 (S (NP-SBJ-1 he) (VP 's `` (VP pleased (NP *-1))))))) . '')) (TOP (S But (NP-SBJ he) (VP adds , `` (S (NP-SBJ-1 I) (VP feel (UCP-PRD (VP pressured (NP *-1)) , (VP disappointed (NP *-1)) , (ADJP uncomfortable) and , (ADVP frankly) , (ADJP quite angry (PP with (NP Viacom))))))) .)) (TOP (S (NP-SBJ (NP The Life Insurance Co.) (PP of (NP Georgia))) (VP has (ADVP-MNR officially) (VP opened (NP an office) (PP-TMP in (NP Taipei)))) .)) (TOP (S (NP-SBJ (NP David Wu) , (NP (NP (NP the company 's) representative) (PP-LOC in (NP Taiwan))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP Atlanta-based Life) (PP of (NP Georgia))) (VP will (VP sell (NP conventional life-insurance products)))))) .)) (TOP (S (NP-SBJ (NP Life) (PP of (NP Georgia))) (VP is (NP-PRD (NP part) (PP of (NP (NP the Nationale Nederlanden Group) , (VP based (NP *) (PP-LOC-CLR in (NP the Netherlands))))))) .)) (TOP (S (PP-LOC In (NP (NP this era) (PP of (NP (NP frantic competition) (PP for (NP ad dollars)))))) , (NP-SBJ-1 (NP a lot) (PP of (NP revenue-desperate magazines))) (VP are (VP getting (ADJP-PRD pretty cozy (PP with (NP advertisers))) -- (S-ADV (NP-SBJ *-1) (VP (VP fawning (PP-CLR over (NP them)) (PP-LOC in (NP articles))) and (VP offering (NP (NP pages) (PP of (NP advertorial space)))))))) .)) (TOP (SQ (ADVP-MNR So) can (NP-SBJ-1 a magazine) (VP survive (PP-MNR by (S-NOM (NP-SBJ *-1) (VP (ADVP-MNR downright) thumbing (NP its nose) (PP-CLR at (NP major advertisers)))))) ?)) (TOP (S (NP-SBJ-1 (NP Garbage magazine) , (VP billed (NP *) (PP-CLR as `` (NP-TTL (NP The Practical Journal) (PP for (NP the Environment))))) , '') (VP is (VP about (S (NP-SBJ *-1) (VP to (VP find (PRT out) (SBAR 0 (S *?*))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Founded (NP *-1) (PP by (NP-LGS (NAC-LOC Brooklyn , N.Y. ,) publishing entrepreneur Patricia Poore)))) , (NP-TTL-SBJ-2 Garbage) (VP made (NP its debut) (NP-TMP this fall) (PP-MNR with (NP the promise (S (NP-SBJ *) (VP to (VP give (NP consumers) (NP (NP the straight scoop) (PP on (NP the U.S. waste crisis))))))))) .)) (TOP (S (NP-SBJ The magazine) (VP combines (NP (NP (NP how-to pieces) (PP on (NP (NP topics) (PP like (NP backyard composting))))) , (NP (NP explanatory essays) (PP on (NP (NP such things) (PP as (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happens (SBAR-TMP after (S (NP-SBJ you) (VP flush (NP your toilet))))))))))) , and (NP (NP hard-hitting pieces) (PP on (NP alleged environmental offenders))))) .)) (TOP (S (NP-SBJ Garbage editors) (VP have (VP dumped (NP considerable energy) (PP-DIR into (NP (NP a whirling rampage) (PP-DIR through (NP supermarket aisles)))) (PP-LOC in (NP a bid (S (NP-SBJ *) (VP to (VP identify (NP (NP corporate America 's) (NX (NX good guys) and (NX bad boys)))))))))) .)) (TOP (S (PP-LOC In (NP (NP one feature) , (VP called (S (NP-SBJ *) `` (PP-TTL In (NP the Dumpster)))) , '')) (NP-SBJ editors) (VP point (PRT out) (NP (NP a product) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP deem (S (NP-SBJ *T*-1) (VP to (VP be (NP-PRD a (ADJP particularly bad) offender))))))))) .)) (TOP (S (PP-LOC From (NP an advertising standpoint)) , (NP-SBJ the problem) (VP is (SBAR-PRD 0 (S (NP-SBJ-1 these offenders) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP some) (PP of (NP (NP the same folks) (SBAR (WHNP-153 that) (S (NP-SBJ *T*-153) (VP are (NP-PRD major magazine advertisers) (NP-TMP these days))))))))))))))) .)) (TOP (S (PP With (NP (NP only two issues) (PP-LOC under (NP its belt)))) , (NP-TTL-SBJ Garbage) (VP has (VP (VP alienated (NP some would-be advertisers)) and (VP raised (NP (NP the ire) (PP of (NP others)))))) .)) (TOP (S (NP-SBJ Campbell Soup) (PRN , (PP for (NP one)) ,) (VP is (ADJP-PRD furious (SBAR 0 (S (NP-SBJ-79 its Souper Combo microwave product) (VP was (VP chastised (NP *-79) (PP-LOC in (NP the premiere `` (PP-TTL In (NP the Dumpster)) '' column)))))))) .)) (TOP (S (NP-SBJ (NP The magazine 's) editors) (VP ran (NP (NP a giant diagram) (PP of (NP the product)) (PP with (NP (NP arrows) (VP pointing (PP-DIR to (NP (NP (NP the packaging 's) (NX (NX polystyrene foam) , (NX polyproplene) and (NX polyester film))) -- (NP (NP all plastic items) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP say (SBAR 0 (S (NP-SBJ *T*-1) (VP are (ADJP-PRD non-biodegradable))))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ It) (VP 's (ADVP precisely) (NP-PRD (NP the kind) (PP of (NP product)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (VP created (NP the municipal landfill monster)))))))) , '' (NP-SBJ the editors) (VP wrote (S *T*-2)) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP think (SBAR that (S (S (NP-SBJ-1 this magazine) (VP is (ADVP not only) (VP called (S (NP-SBJ *-1) (NP-TTL-PRD Garbage))))) , but (S (NP-SBJ it) (VP is (VP practicing (NP journalistic garbage)))))))) , '' (VP fumes (S *T*-2)) (NP-SBJ (NP a spokesman) (PP for (NP Campbell Soup))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ-1 Campbell) (VP was n't (ADVP even) (VP contacted (NP *-1) (PP by (NP-LGS the magazine)) (PP-CLR for (NP the opportunity (S (NP-SBJ *) (VP to (VP comment)))))))))) .)) (TOP (S-2 (NP-SBJ-80 (NP Modifications) (PP *ICH*-3)) (VP had (VP been (VP made (NP *-80) (PP-3 to (NP the Souper Combo product)) (PP-TMP at (NP (NP the time) (SBAR-TMP (WHADVP-1 0) (S (NP-SBJ-81 the issue) (VP was (VP printed (NP *-81) (ADVP-TMP *T*-1))))))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) ,) (S-ADV (NP-SBJ *-80) (VP making (S (NP-SBJ it) (NP-PRD (NP less an offender) (SBAR than (S (NP-SBJ-4 *) (VP was (VP portrayed (NP *-4)))))))))))) .)) (TOP (S (NP-SBJ He) (VP admits (PRN , (ADVP though) ,) (SBAR 0 (S (NP-SBJ it) (VP is n't (NP-PRD (NP one) (PP of (NP (NP Campbell Soup 's) better products))) (PP-LOC in (NP (NP terms) (PP of (NP recyclability)))))))) .)) (TOP (S (NP-SBJ Campbell Soup) , (ADVP not surprisingly) , (VP does n't (VP have (NP any plans (S (NP-SBJ *) (VP to (VP advertise (PP-LOC in (NP the magazine)))))) , (PP according (PP to (NP its spokesman))))) .)) (TOP (S (NP-SBJ Some media experts) (VP question (SBAR whether (S (NP-SBJ-1 a young magazine) (VP can (VP risk (S (NP-SBJ *-1) (VP turning (PRT off) (NP (NP Madison Avenue 's) big spenders)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ You) (ADVP really) (VP need (S (NP-SBJ (NP the Campbell Soups) (PP of (NP the world))) (VP to (VP be (ADJP-PRD interested (PP in (NP your magazine)))))) (SBAR-ADV if (S (NP-SBJ-1 you) (VP 're (VP going (S (NP-SBJ *-1) (VP to (VP make (NP (NP a run) (PP of (NP it)))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mike White) , (NP (NP (NP senior vice president) and (NP media director)) (PP-LOC at (NP (NP DDB Needham) , (NP-LOC Chicago))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The economics) (PP of (NP magazine publishing))) (VP (ADVP pretty much) require (SBAR that (S (NP-SBJ you) (VP have (NP (NP a (ADJP pretty solid) base) '' (PP of (NP big-time ad spenders)))))))) , (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ The first two issues) (VP featured (NP (NP ads) (PP from (NP (NP only a handful) (PP of (NP big advertisers)) , (PP including (NP (NP General Electric) and (NP Adolph Coors)))))))) , but (S (NP-SBJ the majority) (VP were (PP-PRD from (NP (NP companies) (PP like (NP (NP (NP Waste Management Inc.) and (NP Bumkins International)) , (NP (NP firms) (SBAR (WHNP-154 that) (S (NP-SBJ-1 *T*-154) (VP (VP do n't (VP spend (NP much money) (S-CLR (NP-SBJ *-1) (VP advertising)))) and (VP ca n't (VP be (VP relied (PP-CLR on (NP *-1)) (S-CLR (NP-SBJ *-1) (VP to (VP support (NP a magazine) (PP-TMP over (NP the long haul)))))))))))))))))) .)) (TOP (S (NP-SBJ A Waste Management spokeswoman) (VP says (SBAR (SBAR 0 (S (NP-SBJ (NP its ad) (PP-LOC in (NP the premiere issue))) (VP was (NP-PRD a one-time purchase)))) , and (SBAR 0 (S (NP-SBJ it) (VP does n't (VP have (NP any plans (S (NP-SBJ *) (VP to (VP advertise (PP-TMP in (NP future issues)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP do n't (VP spend (NP much) (PP-CLR on (NP print advertising))))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S But (NP-SBJ (NP Ms. Poore) , (NP (NP the magazine 's) editor and publisher) ,) (VP contends (SBAR 0 (S (NP-TTL-SBJ Garbage) (VP can (VP survive (PRN , (ADVP-TMP at least initially) ,) (PP-CLR on (NP subscription revenues))))))) .)) (TOP (S (S (NP-SBJ (NP Individual copies) (PP of (NP the magazine))) (VP sell (PP-CLR for (NP $ 2.95 *U*)))) and (S (NP-SBJ yearly subscriptions) (VP cost (NP $ 21 *U*))) .)) (TOP (S -LRB- (NP-SBJ-1 It) (VP is (PRN , (PP of (NP course)) ,) (VP printed (NP *-1) (PP-LOC-CLR on (NP recycled paper)))) . -RRB-)) (TOP (S (PP According (PP to (NP Ms. Poore))) , (NP-SBJ (NP Old-House Journal Corp.) , (NP her publishing company) ,) (VP printed and sold (NP (NP all 126,000 copies) (PP of (NP the premiere issue)))) .)) (TOP (S-1 (S (NP-SBJ The first and second issues) (VP sold (PRT out) (PP-LOC on (NP newsstands)))) (PRN , (S (NP-SBJ she) (VP says (SBAR 0 (S *T*-1)))) ,) and (S (NP-SBJ the magazine) (VP has (NP (NP orders) (PP for (NP 93,000 subscriptions))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Asked (NP *-2) (SBAR whether (S (NP-SBJ-83 potential advertisers) (VP will (VP be (VP scared (NP *-83) (ADVP-CLR away) (PP by (NP-LGS (NP the magazine 's) direct policy))))))))) , (NP-SBJ-1 Ms. Poore) (VP replies : `` (S (S (NP-SBJ I) (VP do n't (VP know))) and (S (NP-SBJ I) (VP do n't (VP care))))) .)) (TOP (S-1 (S (NP-SBJ I) (VP 'm not (VP saying (SBAR 0 (S (NP-SBJ advertising revenue) (VP is n't (ADJP-PRD important))))))) (PRN , '' (S (NP-SBJ she) (VP says (SBAR 0 (S *T*-1)))) ,) `` but (S (NP-SBJ I) (VP could n't (VP sleep (PP-TMP at (NP night)) '' (SBAR-ADV if (S (NP-SBJ the magazine) (VP bowed (PP-CLR to (NP a company)) (SBAR-PRP because (S (NP-SBJ they) (ADVP-TMP once) (VP took (PRT out) (NP an ad)))))))))) .)) (TOP (NP-HLN Ad Notes ... .)) (TOP (NP-HLN (NP INTERPUBLIC) (PP-LOC ON (NP TV)) :)) (TOP (S (NP-SBJ Interpublic Group) (VP said (SBAR 0 (S (NP-SBJ-2 (NP its television programming operations) (PRN -- (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP expanded (NP *T*-1) (NP-TMP earlier this year)))) --)) (VP agreed (S (NP-SBJ *-2) (VP to (VP supply (NP (NP (QP more than 4,000) hours) (PP of (NP original programming))) (PP-LOC across (NP Europe)) (PP-TMP in (NP 1990))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ-84 (NP the programs) , (NP largely game shows) ,) (VP will (VP be (VP provided (NP *-84) (PP by (NP-LGS (NP its E.C. Television unit) (PP along (PP with (NP (NP Fremantle International) , (NP (NP a producer and distributor) (PP of (NP (NP game shows) (SBAR (WHPP-1 of (WHNP which)) (S (NP-SBJ it) (ADVP-TMP recently) (VP bought (NP (NP 49 %) (PP *T*-1))))))))))))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ that volume) (VP makes (S (NP-SBJ it) (NP-PRD (NP the largest supplier) (PP of (NP original TV programming)) (PP-LOC in (NP Europe)))))))) .)) (TOP (S (NP-SBJ Interpublic) (VP is (VP providing (NP the programming) (PP-PRP in (NP (NP return) (PP for (NP (NP advertising time) , (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ-85 *T*-1) (VP will (VP be (VP (VP valued (NP *-85) (PP-CLR at (NP-2 (QP more than $ 75 million) *U*)) (PP-TMP-3 in (NP 1990))) and (VP (NP=2 (QP $ 150 million) *U*) (PP-TMP=3 in (NP 1991))))))))))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP plans (S (NP-SBJ *-1) (VP to (VP sell (NP the ad time) (PP-CLR to (NP its clients)) (PP-MNR at (NP a discount)))))) .)) (TOP (NP-HLN NEW ACCOUNT :)) (TOP (S (NP-SBJ (NP CoreStates Financial Corp.) , (NP-LOC Philadelphia) ,) (VP named (NP (NP Earle Palmer Brown & Spiro) , (NP-LOC Philadelphia) ,) (PP-CLR as (NP (NP agency) (PP of (NP record)) (PP for (NP its (ADJP (QP $ 5 million) *U*) account))))) .)) (TOP (S (NP-SBJ-86 The business) (VP had (VP been (VP handled (NP *-86) (PP by (NP-LGS (NP VanSant Dugdale) , (NP-LOC Baltimore)))))) .)) (TOP (NP-HLN AT&T FAX :)) (TOP (S (NP-SBJ (NP (NP American Telephone & Telegraph 's) General Business Systems division) , (NP-LOC New York) ,) (VP awarded (NP (NP the ad account) (PP for (NP its Fax product line))) (PP-CLR to (NP (NP Ogilvy & Mather) , (NP-LOC New York) , (NP a WPP Group agency)))) .)) (TOP (S (NP-SBJ-1 (NP Billings) (PP *ICH*-3)) (VP were n't (VP disclosed (NP *-1) (PP-3 for (NP (NP the small account) , (SBAR (WHNP-155 which) (S (NP-SBJ-2 *T*-155) (VP had (VP been (VP serviced (NP *-2) (PP-LOC at (NP (NP Young & Rubicam) , (NP-LOC New York)))))))))))) .)) (TOP (NP-HLN FIRST CAMPAIGN :)) (TOP (S (NP-SBJ Enterprise Rent-A-Car Inc.) (VP breaks (NP its first national ad campaign) (NP-TMP this week)) .)) (TOP (S (NP-SBJ The St. Louis firm) (VP specializes (PP-CLR in (NP (NP replacement-car rentals) , (NP (NP those) (VP provided (NP *) (PP by (NP-LGS insurance companies)) (PP-PRP for (NP (NP cars) (VP damaged (NP *) (PP-LOC in (NP accidents)))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Developed (NP *-1) (PP by (NP-LGS (NP Avrett , Free & Ginsberg) , (NP-LOC New York) ,)))) (NP-SBJ-2 the (ADJP (QP $ 6 million) *U*) campaign) (VP pitches (NP (NP (NP Enterprise 's) consumer-driven service) and (NP its free (ADJP pick-up and drop-off) service))) .)) (TOP (NP-HLN LANDOR ASSOCIATES :)) (TOP (S (NP-SBJ Young & Rubicam) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP its acquisition) (PP of (NP (NP Landor Associates) , (NP a San Francisco identity-management firm)))))))) .)) (TOP (NP-HLN ACQUISITION :)) (TOP (S (NP-SBJ (NP Ketchum Communications) , (NP-LOC Pittsburgh) ,) (VP acquired (NP (NP Braun & Co.) , (NP a Los Angeles (ADJP investor-relations and marketing-communications) firm))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Sea Containers Ltd.) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP might (VP increase (NP (NP the price) (PP of (NP its (ADJP $ 70-a-share *U*) buy-back plan))) (SBAR-ADV if (S (NP-SBJ-1 *-2) (VP pressed (NP *-1) (PP by (NP-LGS (NP Temple Holdings Ltd.) , (SBAR (WHNP-156 which) (S (NP-SBJ *T*-156) (VP made (NP (NP an earlier tender offer) (PP for (NP Sea Containers)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Sea Containers) , (NP a (ADJP Hamilton , Bermuda-based) shipping concern) ,) (VP said (NP-TMP Tuesday) (SBAR that (S (NP-SBJ-2 it) (VP would (VP (VP sell (NP (NP (QP $ 1.1 billion) *U*) (PP of (NP assets)))) and (VP use (NP (NP some) (PP of (NP the proceeds))) (S-PRP (NP-SBJ *-2) (VP to (VP buy (NP (NP (QP about 50) %) (PP of (NP its common shares))) (PP-CLR for (NP (NP $ 70 *U*) (ADVP apiece)))))))))))) .)) (TOP (S (NP-SBJ-1 The move) (VP is (VP designed (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP ward (PRT off) (NP (NP a hostile takeover attempt) (PP by (NP (NP two European shipping concerns) , (NP (NP Stena Holding AG) and (NP Tiphook PLC)))))))))) .)) (TOP (S (PP-TMP In (NP May)) , (NP-SBJ the two companies) (PRN , (PP-MNR through (NP (NP their jointly owned holding company) , (NP Temple))) ,) (VP offered (NP (NP (NP $ 50 *U*) (NP-ADV a share)) , or (NP $ (QP 777 million) *U*) ,) (PP-CLR for (NP Sea Containers))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ Temple) (VP sweetened (NP the offer) (PP-CLR to (NP (NP (NP $ 63 *U*) (NP-ADV a share)) , or (NP (QP $ 963 million) *U*)))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ (NP (NP Sea Containers ') chief executive officer) , (NP James Sherwood) ,) (VP said (PP-LOC in (NP an interview)) (SBAR that , (S (PP-LOC under (NP the asset-sale plan)) , (NP-SBJ Sea Containers) (VP would (VP end (PRT up) (PP-CLR with (NP (NP a cash surplus) (PP of (NP (QP approximately $ 620 million) *U*))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ-87 (NP (QP About $ 490 million) *U*) (PP of (NP that))) (VP would (VP be (VP allocated (NP *-87) (PP-CLR to (NP the buy-back)) , (S-ADV (NP-SBJ *) (VP leaving (NP (QP about $ 130 million) *U*))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S-1 (NP-SBJ That (QP $ 130 million) *U*) (PRN , (S (NP-SBJ Mr. Sherwood) (VP said (SBAR 0 (S *T*-1)))) ,) `` (VP gives (NP us) (NP some flexibility) (SBAR-PRP in case (S (NP-SBJ Temple) (VP raises (NP its bid))))) .)) (TOP (S (NP-SBJ-2 We) (VP are (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP increase (NP our price) (PP-DIR above (NP the (ADJP $ 70 *U*) level)))))) (SBAR-ADV if (FRAG (ADJP-PRD necessary)))) .)) (TOP (S '' (NP-SBJ-2 He) (VP declined (S (NP-SBJ *-2) (VP to (VP say (PRN , (ADVP however) ,) (SBAR (WHADVP-1 how much) (S (NP-SBJ Sea Containers) (VP might (VP raise (NP its price) (ADVP *T*-1))))))))) .)) (TOP (S (NP-SBJ Mr. Sherwood) (VP speculated (SBAR that (S (NP-SBJ (NP the leeway) (SBAR (WHNP-1 that) (S (NP-SBJ Sea Containers) (VP has (NP *T*-1))))) (VP means (SBAR that (S (NP-SBJ-2 Temple) (VP would (VP have (S (NP-SBJ *-2) (VP to `` (VP (ADVP-MNR substantially) increase (NP their bid) (SBAR-ADV if (S (NP-SBJ-3 they) (VP 're (VP going (S (NP-SBJ *-3) (VP to (VP top (NP us))))))))))))))))))) . '')) (TOP (S (NP-SBJ-1 Temple) (PRN , (ADVP however) ,) (VP (ADVP-MNR harshly) criticized (NP (NP Sea Containers ') plan) (NP-TMP yesterday) , (S-ADV (NP-SBJ *-1) (VP characterizing (NP it) (PP-CLR as (NP (NP a `` (ADJP highly conditional) device) (VP designed (NP-2 *) (S-CLR (NP-SBJ *-2) (VP to (VP (VP entrench (NP management)) , (VP confuse (NP shareholders)) and (VP prevent (NP-3 them) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP accepting (NP our superior cash offer)))))))))))))) . '')) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP Temple))) (VP estimated (SBAR that (S (NP-SBJ (NP Sea Containers ') plan) (PRN -- (SBAR-SBJ if (S (NP-SBJ all the asset sales) (VP materialize))) --) (VP would (VP result (PP-CLR in (S-NOM (NP-SBJ shareholders) (VP receiving (NP (NP (NP (QP only $ 36 to $ 45) *U*) (NP-ADV a share)) (PP in (NP cash))))))))))) .)) (TOP (S-1 (NP-SBJ The lower figures) (PRN , (S (NP-SBJ the spokesman) (VP said (SBAR 0 (S *T*-1)))) ,) (VP would (VP stem (PP-CLR from (NP (S-NOM (NP-SBJ-88 preferred shares) (VP being (VP converted (NP *-88) (PP-CLR to (NP common stock))))) and (NP the possibility (SBAR that (S (NP-SBJ-2 (NP Sea Containers ') subsidiaries) (VP might (VP be (VP required (S (NP-SBJ *-2) (VP to (VP place (NP their shares) (PP-DIR in (NP the open market))))))))))))))) .)) (TOP (S (NP-SBJ Temple) (VP added (SBAR that (S (NP-SBJ-2 Sea Containers) (VP is (ADVP-TMP still) (VP mired (NP *-2) (PP-LOC-CLR in (NP legal problems)) (PP-LOC in (NP (NP Bermuda) , (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ the Supreme Court) (VP has (ADVP-TMP temporarily) (VP barred (NP-3 Sea Containers) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP buying (PRT back) (NP its own stock)))) (PP-LOC in (NP (NP a case) (VP brought (NP *) (PP by (NP-LGS Stena and Tiphook))))) (ADVP-LOC *T*-1)))))))))))) .)) (TOP (S -LCB- (NP-SBJ The court) (VP has (VP indicated (SBAR 0 (S (NP-SBJ it) (VP will (VP rule (PP-CLR on (NP the case)) (PP-TMP by (NP (NP the end) (PP of (NP the month)))))))))) . -RCB-)) (TOP (S (NP-SBJ Temple) also (VP (VP said (SBAR 0 (S (NP-SBJ (NP Sea Containers ') plan) (VP raises `` (NP numerous (ADJP legal , regulatory , financial and fairness) issues) , '')))) but (VP did n't (VP elaborate))) .)) (TOP (S (NP-SBJ Mr. Sherwood) (VP said (SBAR 0 (S (NP-SBJ (NP reaction) (PP to (NP (NP Sea Containers ') proposal))) (VP has (VP been `` (ADJP-PRD very positive)))))) . '')) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Sea Containers) (VP closed (PP-CLR at (NP $ 62.625 *U*)) , (ADVP up (NP 62.5 cents))) .)) (TOP (S (NP-SBJ-1 The Transportation Department) , (S-ADV (NP-SBJ *-1) (VP responding (PP-CLR to (NP (NP pressure) (PP-DIR from (NP safety advocates)))))) , (VP took (NP (NP further steps) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP impose (PP-CLR on (NP (NP light trucks) and (NP vans))) (NP (NP the safety requirements) (VP used (NP *) (PP-CLR for (NP automobiles)))) (ADVP-MNR *T*-2))))))) .)) (TOP (S (NP-SBJ The department) (VP proposed (S (NP-SBJ *) (VP requiring (NP (NP stronger roofs) (PP for (NP (NP light trucks) and (NP minivans)))) , (S-ADV (NP-SBJ *) (VP beginning (PP with (NP 1992 models))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP issued (NP (NP a final rule) (VP requiring (S (NP-SBJ auto makers) (VP to (VP equip (NP (NP light trucks) and (NP minivans)) (PP-CLR with (NP (NP lap-shoulder belts) (PP for (NP rear seats)))) (S-ADV (NP-SBJ *) (VP beginning (PP-TMP in (NP the 1992 model year)))))))))) .)) (TOP (S (NP-SBJ-89 Such belts) (ADVP-TMP already) (VP are (VP required (NP *-89) (PP for (NP (NP the vehicles ') front seats)))) .)) (TOP (S-1 `` (NP-SBJ (NP Today 's) action) (PRN , '' (S (NP-SBJ Transportation Secretary Samuel Skinner) (VP said (S *T*-1))) ,) `` (VP represents (NP (NP another milestone) (PP-LOC in (NP (NP the ongoing program) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP promote (NP (NP vehicle occupant safety) (PP-LOC in (NP (NP light trucks) and (NP minivans)))) (PP-MNR through (NP (NP its extension) (PP of (NP passenger car standards)))))))))))) . '')) (TOP (S (PP-TMP In (NP September)) , (NP-SBJ the department) (VP had (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP require (S (NP-SBJ-90 trucks and minivans) (VP to (VP be (VP equipped (NP *-90) (PP-CLR with (NP (NP the same front-seat headrests) (SBAR (WHNP-1 that) (S (NP-SBJ-91 *T*-1) (VP have (ADVP-TMP long) (VP been (VP required (NP *-91) (PP-LOC on (NP passenger cars))))))))))))))))))) .)) (TOP (S (NP-SBJ The Big Three auto makers) (VP said (SBAR 0 (S (NP-SBJ the rule changes) (VP were n't (ADJP-PRD surprising) (SBAR-PRP because (S (NP-SBJ Bush administration officials) (VP have (ADVP-TMP long) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP planned (S (NP-SBJ *-1) (VP to (VP impose (NP car safety standards) (PP-CLR on (NP (NP light trucks) and (NP vans))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Safety advocates) , (PP including (NP (NP some members) (PP of (NP Congress)))) ,) (VP have (VP been (VP urging (NP-2 the department) (PP-TMP for (NP years)) (S (NP-SBJ *-2) (VP to (VP extend (NP car-safety requirements) (PP-CLR to (NP (NP (NP light trucks) and (NP vans)) , (SBAR (WHNP-157 which) (S (ADVP-TMP now) (NP-SBJ *T*-157) (VP account (PP-CLR for (NP (NP (QP almost one-third)) (PP of (NP (NP all vehicle sales) (PP-LOC in (NP the U.S))))))))))))))))) .)) (TOP (S (NP-SBJ They) (VP say (SBAR that (S (NP-SBJ (NP many vehicles) (VP classed (NP *) (PP-CLR as (NP commercial light trucks)))) (VP (VP (ADVP actually) carry (NP (NP more people) (PP than (NP cargo)))) and (VP (ADVP therefore) should (VP have (NP (NP the same safety features) (PP as (NP cars))))))))) .)) (TOP (S (NP-SBJ They) (VP did n't (VP have (NP much luck) (PP-TMP during (NP the Reagan administration)))) .)) (TOP (SINV `` (S-TPC-1 But (ADVP-TMP now) , (NP-SBJ-2 there) (VP seems (S (NP-SBJ *-2) (VP to (VP be (NP-PRD a fairly systematic effort (S (NP-SBJ *) (VP to (VP address (NP the problem)))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Chuck Hurley) , (NP (NP vice president) (PP of (NP communications)) (PP for (NP (NP the Insurance Institute) (PP for (NP Highway Safety)))))) .)) (TOP (S `` (NP-SBJ We) (VP 're (PP-LOC-PRD in (NP a (ADJP very different) regulatory environment))) . '')) (TOP (S (NP-SBJ-1 (NP Sen. John Danforth) (PRN -LRB- (NP R.) , (NP-LOC Mo .) -RRB-)) (VP praised (NP (NP the department 's) actions) , (S-ADV (NP-SBJ *-1) (VP noting (SBAR that (S (NP-SBJ rollover crashes) (VP account (PP-CLR for (NP (NP (QP almost half)) (PP of (NP all light-truck deaths)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP could (VP prevent (NP (NP many) (PP of (NP these fatalities))) (PP-MNR with (NP minimum roof-crush standards))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Sen. Danforth) and (NP others)) (ADVP also) (VP want (S (NP-SBJ the department) (VP to (VP require (NP (NP additional safety equipment) (PP *ICH*-1)) (PP-LOC in (NP (NP light trucks) and (NP minivans))) , (PP-1 including (NP (NP (NP (NP air bags) or (NP automatic seat belts)) (PP-LOC in (NP front seats))) and (NP improved side-crash protection))))))) .)) (TOP (S (NP-SBJ (NP The department 's) roof-crush proposal) (VP would (VP apply (PP-CLR to (NP (NP vehicles) (VP weighing (NP 10,000 pounds (QP or less))))))) .)) (TOP (S (NP-SBJ-1 The roofs) (VP would (VP be (VP required (S (NP-SBJ *-1) (VP to (VP withstand (NP (NP a force) (PP of (NP (NP (QP 1.5 times) the unloaded weight) (PP of (NP the vehicle))))))))))) .)) (TOP (S (PP-TMP During (NP the test)) , (NP-SBJ-92 the roof) (VP could n't (VP be (VP depressed (NP *-92) (NP-EXT (QP more than five) inches)))) .)) (TOP (S (PP-LOC In (NP Detroit)) , (NP-SBJ a Chrysler Corp. official) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP (VP (ADVP-TMP currently) has (NP no rear-seat lap and shoulder belts) (PP-LOC in (NP its light trucks))) , but (VP plans (S (NP-SBJ-2 *-1) (VP to (VP begin (S (NP-SBJ *-2) (VP phasing (NP them) (PRT in) (PP-TMP by (NP (NP the end) (PP of (NP the 1990 model year)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 Chrysler) (VP (ADVP-MNR fully) expects (S (NP-SBJ *-1) (VP to (VP have (S (NP-SBJ-2 them) (VP installed (NP *-2) (PP-LOC across (NP its light-truck line)) (PP-TMP by (NP the (NAC-TMP Sept. 1 , 1991 ,) deadline))))))))))) .)) (TOP (S (NP-SBJ Chrysler) (VP said (SBAR 0 (S (NP-SBJ its trucks and vans) (ADVP-TMP already) (VP meet (NP (NP the roof-crush resistance standard) (PP for (NP cars))))))) .)) (TOP (S (NP-SBJ (NP John Leinonen) , (NP (NP executive engineer) (PP of (NP (NP Ford Motor Co. 's) auto-safety office))) ,) (VP said (SBAR 0 (S (NP-SBJ Ford trucks) (VP have (VP met (NP (NP car standards) (PP for (NP roof-crush resistance))) (PP-TMP since (NP 1982))))))) .)) (TOP (S (NP-SBJ-1 Ford) (VP began (S (NP-SBJ *-1) (VP installing (NP the rear-seat belts) (PP-CLR in (NP trucks)))) (PP with (NP its F-series Crew Cab pickups)) (PP-TMP in (NP the 1989 model year))) .)) (TOP (S (NP-SBJ (NP The new Explorer sport-utility vehicle) , (VP set (NP *) (PP-CLR for (NP (NP introduction) (NP-TMP next spring)))) ,) (VP will (ADVP also) (VP have (NP the rear-seat belts))) .)) (TOP (S (NP-SBJ Mr. Leinonen) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ Ford) (VP to (VP meet (NP the deadline) (ADVP-MNR easily)))))))) .)) (TOP (S (NP-SBJ Consolidated Rail Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP spend (NP (QP more than $ 30 million) *U*) (PP-CLR on (NP (NP 1,000 enclosed railcars) (PP for (S-NOM (NP-SBJ *) (VP transporting (NP autos))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The multilevel railcars) , (VP scheduled (NP *) (PP-CLR for (NP (NP delivery) (PP-TMP in (NP 1990))))) ,) (VP will (VP be (VP made (NP *-1) (PP by (NP-LGS (NP Thrall Manufacturing Co.) , (NP (NP a (NAC-LOC Chicago Heights , Ill. ,) division) (PP of (NP (NP (ADJP closely held) Duchossois Industries Inc.) , (NP-LOC (NP Elmhurst) , (NP Ill)))))))))) .)) (TOP (S (NP-TMP This year) , (NP-SBJ the railroad holding company) (VP acquired (NP 850 such railcars)) .)) (TOP (S (NP-SBJ (NP Sir Peter Walters) , (NP (NP 58-year-old chairman) (PP of (NP British Petroleum Co.)) (PP-TMP until (NP next March))) ,) (VP joins (NP (NP the board) (PP of (NP this cement products company))) (PP-TMP on (NP Dec. 1))) .)) (TOP (S (NP-SBJ Sir Peter) (VP will (VP succeed (NP (NP Sir John Milne) , (NP 65) , (SBAR (WHNP-158 who) (S (NP-SBJ *T*-158) (VP retires (PP-CLR as (NP Blue Circle nonexecutive chairman)) (PP-TMP on (NP June 1)))))))) .)) (TOP (S (NP-SBJ (NAC Bank (PP of (NP New England))) Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP held (NP (NP talks) (PP with (NP (NP potential merger partners) (PP-LOC outside (NP New England))))))))) , (SBAR-ADV although (S (NP-SBJ it) (VP added (SBAR that (S (S (NP-SBJ nothing) (VP is (ADJP-PRD imminent))) and (S (NP-SBJ it) (VP has n't (VP received (NP any formal offers)))))))))) .)) (TOP (S (NP-SBJ-93 The discussions) (VP were (VP disclosed (NP *-93) (SBAR-PRP as (S (NP-SBJ the bank holding company) (VP said (SBAR that (S (NP-SBJ it) (VP has (VP dropped (NP (NP its longstanding opposition) (PP to (NP (NP full interstate banking bills) (PP-LOC (PP in (NP Connecticut)) and (PP in (NP Massachusetts))))))))))))))) .)) (TOP (S (NP-TMP Later yesterday) , (NP-SBJ a Massachusetts senate committee) (VP approved (NP (NP a bill) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP allow (NP (NP national interstate banking) (PP by (NP (NP banks) (PP-LOC in (NP the state))))) (S-TMP (NP-SBJ *) (VP beginning) (PP-TMP in (NP 1991))))))))) .)) (TOP (S (ADVP-TMP Currently) , (NP-SBJ (NP both Massachusetts and Connecticut) , (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ (NP most) (PP of (NP (NP (NAC Bank (PP of (NP New England))) 's) operations))) (VP are (ADVP-LOC-PRD *T*-1)))) ,) (VP allow (NP interstate banking) (PP-LOC (ADVP only) within (NP New England))) .)) (TOP (S (NP-SBJ (NP Richard Driscoll) , (NP (NP vice chairman) (PP of (NP (NP Bank) (PP of (NP New England))))) ,) (VP told (NP the Dow Jones Professional Investor Report) , `` (S (ADVP Certainly) , (NP-SBJ there) (VP are (NP-PRD (NP those) (PP-LOC outside (NP the region)) (SBAR (WHNP-159 who) (S (NP-SBJ *T*-159) (VP think (PP-CLR of (NP us)) (PP-CLR (ADVP prospectively) as (NP a good partner))))))))) .)) (TOP (S (S (NP-SBJ We) (VP have (PRN , (S and (NP-SBJ I) (VP 'm (ADJP-PRD sure (SBAR 0 (S (NP-SBJ others) (VP have (VP *?*))))))) ,) (VP considered (SBAR-NOM (WHNP-160 what) (S (NP-SBJ our options) (VP are (NP-PRD *T*-160))))))) , and (S (NP-SBJ we) (VP 've (VP had (NP (NP conversations) (PP-CLR with (NP (NP people) (SBAR (WHNP-1 who) (S (PP-TMP in (NP the future)) (NP-SBJ-2 *T*-1) (VP might (VP prove (S (NP-SBJ *-2) (VP to (VP be (NP-PRD interesting partners)))))))))))))) . '')) (TOP (S (NP-SBJ He) (VP added , `` (S (NP-SBJ There) (VP 's (NP-PRD (NP nothing) (ADJP very hot))))) . '')) (TOP (S (NP-SBJ Mr. Driscoll) (VP did n't (VP elaborate (PP-CLR about (SBAR-NOM (SBAR (WHNP-1 who) (S (NP-SBJ the potential partners) (VP were (NP-PRD *T*-1)))) or (SBAR (WHADVP-2 when) (S (NP-SBJ-94 the talks) (VP were (VP held (NP *-94) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ-1 A bank spokeswoman) (VP (VP (ADVP also) declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP any merger-related matters)))))) , but (VP said (SBAR 0 (S (NP-SBJ-2 the company) (VP decided (S (NP-SBJ *-2) (VP to (VP drop (NP (NP its opposition) (PP to (NP the interstate banking legislation))) (SBAR-PRP because `` (S (NP-SBJ prevailing sentiment) (VP is (PP-PRD in (NP (NP favor) (PP of (NP passage))))))))))))))) . '')) (TOP (S (NP-SBJ-95 (NP Bank) (PP of (NP New England))) (VP has (VP been (VP hit (NP *-95) (ADVP-MNR hard) (PP by (NP-LGS (NP the region 's) real-estate slump)) , (PP with (S-NOM (NP-SBJ its net income) (VP declining (NP-EXT 42 %) (PP-DIR to (NP (NP (QP $ 121.6 million) *U*) , or (NP (NP 61 cents) (NP-ADV a share)) ,)) (PP-TMP in (NP (NP the first nine months) (PP of (NP 1989)))) (PP-DIR from (NP-TMP the year-earlier period)))))))) .)) (TOP (S (NP-SBJ-1 The company) (ADVP-TMP recently) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP (VP sell (NP some operations)) and (VP lay (PRT off) (NP (NP 4 %) (PP of (NP its work force)))) , (S-ADV (ADVP altogether) (NP-SBJ *-1) (VP reducing (NP employment) (PP-DIR to (NP (NP less) (PP than (NP 16,000)))) (PP-DIR from (NP (QP about 18,000)))))))))) .)) (TOP (S (NP-SBJ It) (ADVP-TMP recently) (VP signed (NP a preliminary agreement (S (NP-SBJ *) (VP to (VP negotiate (PP-CLR (ADVP exclusively) with (NP (NP the Bank) (PP of (NP Tokyo Ltd.)))) (PP for (NP (NP the sale) (PP of (NP (NP part) (PP of (NP its leasing business)))) (PP to (NP the Japanese bank))))))))) .)) (TOP (S (NP-SBJ GOODY PRODUCTS Inc.) (VP cut (NP its quarterly dividend) (PP-DIR to (NP (NP five cents) (NP-ADV a share))) (PP-DIR from (NP (NP 11.5 cents) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ The reduced dividend) (VP is (ADJP-PRD payable (NP-TMP Jan. 2) (PP to (NP (NP stock) (PP of (NP record)) (NP-TMP Dec. 15))))) .)) (TOP (S (NP-SBJ (NP The (ADJP Kearny , N.J.-based) maker) (PP of (NP (NP hair accessories) and (NP other cosmetic products)))) (VP said (SBAR 0 (S (NP-SBJ it) (VP cut (NP the dividend) (PP-PRP due (PP to (NP (NP its third-quarter loss) (PP of (NP (NP $ 992,000 *U*) , or (NP (NP 15 cents) (NP-ADV a share))))))))))) .)) (TOP (S (PP-TMP In (NP the year-ago quarter)) , (NP-SBJ the company) (VP reported (NP (NP net income) (PP of (NP (NP (QP $ 1.9 million) *U*) , or (NP (NP 29 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP adopted (NP an anti-takeover plan)) .)) (TOP (S (NP-SBJ-1 (NP Michael Henderson) , (NP (NP 51-year-old group chief executive) (PP of (NP this U.K. metals and industrial materials maker))) ,) (VP will (VP become (NP-PRD chairman) (PP-TMP in (NP May)) , (S-ADV (NP-SBJ *-1) (VP succeeding (NP (NP Ian Butler) , (NP 64) , (SBAR (WHNP-161 who) (S (NP-SBJ *T*-161) (VP is (VP retiring))))))))) .)) (TOP (S (NP-SBJ Mr. Butler) (VP will (VP remain (PP-LOC-PRD on (NP the board)) (PP-CLR as (NP a nonexecutive director)))) .)) (TOP (S (NP-SBJ (NP Rally 's) Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP redeemed (NP (NP its rights) (ADJP outstanding) (VP issued (NP *) (NP-TMP Monday) (PP-LOC in (NP its shareholder rights plan))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ (NP holders) (PP of (NP (NP stock) (PP of (NP record)) (NP-TMP Nov. 10)))) (VP will (VP receive (NP (NP (NP 1/10th) (PP of (NP one cent))) (NP-ADV a share)) (PP-CLR as (NP the redemption payment))))))) .)) (TOP (S (NP-SBJ The fast-food company) (VP said (SBAR 0 (S (NP-SBJ-1 its decision) (VP was (VP based (NP *-1) (PP-CLR upon (NP (NP discussions) (PP-CLR with (NP (NP a shareholder group) , (NP Giant Group Ltd.) ,)))) `` (PP-LOC in (NP an effort (S (NP-SBJ *) (VP to (VP resolve (NP (NP certain disputes) (PP-CLR with (NP the company))))))))))))) . '')) (TOP (S (NP-SBJ-96 Giant Group) (VP is (VP led (NP *-96) (PP by (NP-LGS (NP three (NP Rally 's) directors) , (NP (NP Burt Sugarman) , (NP James M. Trotter III) and (NP William E. Trotter II) ,) (SBAR (WHNP-1 who) (S (NP-TMP last month) (NP-SBJ *T*-1) (VP indicated (SBAR 0 (S (NP-SBJ-2 they) (VP (VP hold (NP (NP a (ADJP 42.5 %) stake) (PP-LOC in (NP Rally 's)))) and (VP plan (S (NP-SBJ *-2) (VP to (VP seek (NP (NP a majority) (PP of (NP seats)) (PP-LOC on (NP (NP Rally 's) nine-member board))))))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ (NP Warren Winiarski) , (NP (NP proprietor) (PP of (NP (NP (NP Stag 's) Leap Wine Cellars) (PP-LOC in (NP Napa Valley))))) ,) (VP announced (NP (NP a (ADJP $ 75 *U*) price tag) (PP for (NP his 1985 Cask 23 Cabernet))) (NP-TMP this fall) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP few (NX (NX wine shops) and (NX restaurants))) (PP-LOC around (NP the country))) (VP balked) .)) (TOP (S-1 `` (S (NP-SBJ This) (VP is (NP-PRD (NP the peak) (PP of (NP my wine-making experience))))) (PRN , '' (S (NP-SBJ Mr. Winiarski) (VP declared (S *T*-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ he) (VP introduced (NP the wine) (PP-LOC at (NP (NP a dinner) (PP-LOC in (NP New York)))) (ADVP-TMP *T*-2)))))) ,) `` and (S (NP-SBJ-3 I) (VP wanted (S (NP-SBJ *-3) (VP to (VP single (NP it) (PRT out) (PP-CLR as (ADJP such))))))) . '')) (TOP (S (S (NP-SBJ It) (VP is (PP-LOC in (NP my estimation)) (NP-PRD (NP the best wine) (SBAR (WHNP-2 0) (S (NP-SBJ (NP Stag 's) Leap) (VP has (VP produced (NP *T*-2)))))))) , and (S (PP with (NP (NP (QP fewer than 700) cases) (ADJP available))) , (NP-SBJ-3 it) (VP is (ADJP-PRD sure (S (NP-SBJ *-3) (VP to (VP sell (ADVP-MNR quickly))))))) .)) (TOP (S (S (NP-SBJ The price) (VP is (NP-PRD (NP a new high) (PP for (NP California Cabernet Sauvignon))))) , but (S (NP-SBJ it) (VP is not (NP-PRD the highest))) .)) (TOP (S (NP-SBJ Diamond Creek 1985 Lake Vineyard Cabernet) (VP weighed (PRT in) (NP-TMP this fall) (PP-CLR with (NP (NP a sticker price) (PP of (NP (NP $ 100 *U*) (NP-ADV a bottle)))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the fastest growing segments) (PP of (NP the wine market))))) (VP is (NP-PRD (NP the category) (PP of (NP (NP superpremiums) -- (NP (NP wines) (UCP (VP limited (NP *) (PP in (NP production))) , (UCP (PP of (NP exceptional quality)) (PRN -LRB- or (VP (ADVP-MNR so) perceived (NP *) , (PP at (NP any rate))) -RRB-)) , and (PP with (NP (ADJP exceedingly high) prices)))))))) .)) (TOP (S (PP-TMP For (NP years)) , (NP-SBJ this group) (VP included (NP (NP a stable) (PP of (NP (NP classics) -- (NP (NP Bordeaux first growths) (PRN -LRB- (NP Lafite-Rothschild , Latour , Haut-Brion , Petrus) -RRB-)) , (NP (NP Grand Cru Burgundies) (PRN -LRB- (NP (NP Romanee-Conti) and (NP La Tache)) -RRB-)) (NP (NP deluxe Champagnes) (PRN -LRB- (NP (NP Dom Perignon) or (NP Roederer Cristal)) -RRB-)) , (NP (NP rarefied sweet wines) (PRN -LRB- (NP (NP (NP Chateau Yquem) or (NP (NP Trockenbeerenauslesen Rieslings) (PP from (NP Germany)))) , and (NP (NP Biondi-Santi Brunello Riserva) (PP from (NP Tuscany)))) -RRB-)))))) .)) (TOP (S (NP-SBJ These first magnitude wines) (VP ranged (PP-CLR-LOC in (NP price)) (PP-DIR (PP from (NP (NP $ 40 *U*) (NP-ADV *RNR*-1))) (PP to (NP (NP $ 125 *U*) (NP-ADV *RNR*-1))) (NP-ADV-1 a bottle))) .)) (TOP (S (PP-TMP In (NP the last year (QP or so))) , (ADVP however) , (NP-SBJ this exclusive club) (VP has (VP taken (PP-CLR in (NP (NP a host) (PP of (NP flashy new members)))))) .)) (TOP (S (S (NP-SBJ-1 The classics) (VP have (VP zoomed (PP-CLR-LOC in (NP price)) (S-PRP (NP-SBJ *-1) (VP to (VP meet (NP the competition))))))) , and (S (NP-SBJ it) (ADVP almost) (VP seems (SBAR that (S (NP-SBJ there) (VP 's (NP-PRD (NP a race (S *ICH*-2))) (ADVP-CLR on) (S-2 (NP-SBJ *) (VP to (VP come (PRT up) (PP-CLR with (NP (NP the priciest single bottle) , (PP-LOC among (NP (NP current releases) (PP from (NP (NP every major wine region) (PP-LOC on (NP the globe)))))))))))))))) .)) (TOP (S (NP-SBJ France) (VP can (VP boast (NP (NP (NP the lion 's) share) (PP of (NP high-priced bottles))))) .)) (TOP (S (NP-SBJ (NP (NP Bordeaux 's) first growths) (PP from (NP 1985 and 1986))) (VP are (NP-PRD (NP (QP $ 60 to $ 80) *U*) (ADVP each)) (PRN -LRB- (PP except (PP for (NP (NP (NP the smallest) (PP in (NP (NP terms) (PP of (NP production))))) , (NP Chateau Petrus) , (SBAR (WHNP-162 which) (S (NP-SBJ *T*-162) (VP costs (NP (QP around $ 250) *U*))) !)))) -RRB-)) .)) (TOP (S (NP-SBJ These prices) (VP seem (ADJP-PRD rather modest) , (ADVP however) , (PP-LOC in (NP (NP light) (PP of (NP (NP other French wines) (PP from (NP current vintages))))))) .)) (TOP (S (S (NP-SBJ (NP Chateau Yquem) , (NP the leading Sauternes) ,) (ADVP-TMP now) (VP goes (PP-CLR for (NP (NP (QP well over $ 100) *U*) (NP-ADV a bottle))) (PP for (NP (NP a lighter vintage) (PP like (NP 1984)))))) ; (S (NP-SBJ the (ADJP spectacularly rich) 1983) (VP runs (NP $ 179 *U*))) .)) (TOP (S (PP-LOC In (NP Champagne)) , (NP-SBJ (NP some) (PP of (NP the prestige cuvees))) (VP are (VP inching (PP-CLR toward (NP (NP $ 100 *U*) (NP-ADV a bottle))))) .)) (TOP (S (NP-SBJ (NP The first Champagne) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP crack (NP that price barrier)))))) (VP was (NP-PRD the 1979 Salon de Mesnil Blanc de Blancs)) .)) (TOP (S (NP-SBJ The '82 Salon) (VP is (NP-PRD $ 115 *U*)) .)) (TOP (S (S (NP-SBJ (NP Roederer Cristal) (PP at (NP (NP $ 90 *U*) (NP-ADV a bottle)))) (VP sells (PRT out) (PP-LOC around (NP the country)))) and (S (NP-SBJ (NP Taittinger 's) Comtes de Champagne Blanc de Blancs) (VP is (VP encroaching (PP-CLR upon (NP that level))))) .)) (TOP (S (NP-SBJ (NP The great reds) (PP of (NP the Rhone Valley))) (VP have (VP soared (PP-LOC-CLR in (NP price)) (ADVP as well))) .)) (TOP (S (NP-SBJ (NP E. Guigal 's) 1982 Cote Rotie La Landonne) , (PP for (NP example)) , (VP is (NP-PRD $ 120 *U*)) .)) (TOP (S (NP-SBJ (NP None) (PP of (NP (NP France 's) wine regions))) (VP can (VP steal (NP a march) (PP-CLR on (NP Burgundy)) , (ADVP however))) .)) (TOP (S (NP-SBJ (NP The six wines) (PP of (NP (NP the Domaine de la Romanee-Conti) , (NP (NP 72) (PP of (NP (NP the (ADJP most precious) acres) (PP of (NP vineyard)) (PP-LOC (ADVP anywhere) in (NP the world))))) ,))) (VP have (VP commanded (NP three-digit price tags) (PP-TMP for (NP (NP several years) (ADVP-TMP now))))) .)) (TOP (S (PP With (NP the 1985 vintage)) , (NP-SBJ they) (VP (VP soared (ADVP-DIR higher)) : (NP (NP (NP La Tache) , (NP $ 195 *U*)) ; (NP (NP Richebourg) , (NP $ 180 *U*)) ; (NP (NP Romanee-Conti) , (NP $ 225 *U*)))) .)) (TOP (S (NP-SBJ (NP Another small Burgundy estate) , (NP Coche-Dury) ,) (VP has (ADVP-TMP just) (VP offered (NP its 1987 Corton-Charlemagne) (PP-CLR for (NP $ 155 *U*)))) .)) (TOP (S (PP From (NP Italy)) (NP-SBJ there) (VP is (NP-PRD (NP (NP Angelo Gaja Barbaresco) (PP at (NP (NP $ 125 *U*) (NP-ADV a bottle)))) , (NP (NP (NP (NP Piero Antinori 's) La Solaia) , (NP (NP a (ADJP $ 90 *U*) Cabernet) (PP from (NP Tuscany))))) , and (NP (NP Biondi-Santi Brunello) (PP at (NP $ 98 *U*))))) .)) (TOP (S (NP-SBJ (NP (NP Spain 's) Vega Secilia Unico 1979) (PRN -LRB- (VP released (NP *) (PP-TMP (ADVP only) in (NP its 10th year))) -RRB-)) (VP is (NP-PRD $ 70 *U*) , (SBAR-ADV as (SINV (VP is (NP-PRD *?*)) (NP-SBJ (NP Australia 's) Grange Hermitage 1982)))) .)) (TOP (SINV `` (S-1 (NP-SBJ There) (VP are (NP-PRD (NP certain cult wines) (SBAR (WHNP-163 that) (S (NP-SBJ *T*-163) (VP can (VP command (NP these higher prices)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Larry Shapiro) (PP of (NP (NP Marty 's) , (NP (NP one) (PP of (NP (NP the largest wine shops) (PP-LOC in (NP Dallas)))))))) .)) (TOP (S `` (SBAR-NOM-SBJ (WHNP-164 What) (S (NP-SBJ *T*-164) (VP 's (ADJP-PRD different)))) (VP is (SBAR-PRD that (S (NP-SBJ it) (VP is (VP happening (PP with (NP (NP young wines) (VP (ADVP-TMP just) coming (ADVP-DIR out))))))))) .)) (TOP (S (NP-SBJ We) (VP 're (VP seeing (NP it) (SBAR-PRP (ADVP partly) because (S (NP-SBJ older vintages) (VP are (VP growing (ADJP-PRD more scarce))))))) . '')) (TOP (S-1 (S (NP-SBJ Wine auctions) (VP have (ADVP almost) (VP exhausted (NP (NP the limited supply) (PP of (NP those wines)))))) , (PRN (S (NP-SBJ Mr. Shapiro) (VP continued : (SBAR 0 (S *T*-1))))) `` (S (NP-SBJ We) (VP 've (VP seen (NP (NP a dramatic decrease) (PP-LOC in (NP (NP demand) (PP for (NP (NP wines) (PP from (NP the '40s and '50s)) , (SBAR (WHNP-165 which) (S (NP-SBJ *T*-165) (VP go (PP-CLR for (NP (NP (QP $ 300 to $ 400) *U*) (NP-ADV a bottle)))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Some) (PP of (NP the newer wines))) (PRN , (PP (ADVP even) at (NP (NP (QP $ 90 to $ 100) *U* (QP *ICH*-1)) (NP-ADV a bottle) (QP-1 or so))) ,)) (ADVP almost) (VP offer (NP a bargain)) . '')) (TOP (S (NP-SBJ *) (VP Take (NP (NP Lake Vineyard Cabernet) (PP from (NP Diamond Creek)))) .)) (TOP (S (NP-SBJ-2 It) (VP (VP 's (VP made (NP *-2) (PP-TMP (ADVP only) in (NP (NP (NP years) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the grapes) (VP ripen (ADVP-MNR perfectly) (ADVP-TMP *T*-1))))) (PRN -LRB- (S (NP-SBJ the last) (VP was (NP-PRD 1979))) -RRB-))))) and (VP comes (PP-DIR from (NP (NP a single acre) (PP of (NP grapes)) (SBAR (WHNP-166 that) (S (NP-SBJ *T*-166) (VP yielded (NP a mere 75 cases) (PP-TMP in (NP 1987))))))))) .)) (TOP (S (S (NP-SBJ-1 Owner Al Brownstein) (ADVP originally) (VP planned (S (NP-SBJ *-1) (VP to (VP sell (NP it) (PP-CLR for (NP (NP $ 60 *U*) (NP-ADV a bottle)))))))) , but (S (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP a retailer) (PP-LOC in (NP Southern California))) (VP asked , `` (SQ Is (NP-SBJ that) (ADJP-PRD wholesale or retail)) ? '' (ADVP-TMP *T*-2)))) (NP-SBJ he) (VP re-thought (NP the matter))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Offering (NP the wine) (PP-CLR at (NP (NP (NP (QP roughly $ 65) *U*) (NP-ADV a bottle) (ADVP wholesale)) (PRN -LRB- (NP (NP $ 100 *U*) (ADVP retail)) -RRB-))))) , (NP-SBJ-1 he) (VP sent (NP (NP merchants) (PP-LOC around (NP the country))) (NP (NP a form) (VP asking (NP-2 them) (S (NP-SBJ *-2) (VP to (VP check (NP (NP one) (PP of (NP (NP three answers) : (S (S (LST 1 -RRB-) (INTJ no) , (NP-SBJ the wine) (VP is (ADJP-PRD too high)) (PRN -LRB- (NP 2 responses) -RRB-)) ; (S (LST 2 -RRB-) (S (INTJ yes) , (NP-SBJ it) (VP 's (ADJP-PRD high))) but (S (NP-SBJ I) (VP 'll (VP take (NP it)))) (PRN -LRB- (NP 2 responses) -RRB-)) ; (S (LST 3 -RRB-) (NP-SBJ I) (VP 'll (VP take (NP (NP all) (SBAR (WHNP-3 0) (S (NP-SBJ I) (VP can (VP get (NP *T*-3)))))))) (PRN -LRB- (NP 58 responses) -RRB-)))))))))))) .)) (TOP (S (S (NP-SBJ-97 The wine) (VP was (VP shipped (NP *-97) (PP-MNR in (NP (NP six-bottle cases) (PP instead of (NP the usual 12))))))) , but (S (PP (ADVP even) at (NP that)) (NP-SBJ-98 it) (VP was (VP spread (S (NP-SBJ *-98) (ADJP-PRD thin)) , (S-ADV (NP-SBJ *-98) (VP going (PP-DIR to (NP (NP 62 retailers) (PP-LOC in (NP 28 states))))))))) .)) (TOP (S-2 `` (S (NP-SBJ We) (VP thought (SBAR 0 (S (NP-SBJ it) (VP was (ADJP-PRD awfully expensive)))))) (PRN , '' (SINV (VP said (S *T*-2)) (NP-SBJ (NP Sterling Pratt) , (NP (NP wine director) (PP-LOC at (NP (NP Schaefer 's) (PP-LOC in (NP (NP Skokie) , (NP Ill.) ,)) (NP (NP one) (PP of (NP (NP the top stores) (PP-LOC in (NP suburban Chicago)))))))))) ,) `` but (S (NP-SBJ there) (VP are (NP-PRD (NP people) (ADVP-LOC out there) (PP-CLR with (NP (NP (ADJP very different) opinions) (PP of (NP value))))))) .)) (TOP (S (S (NP-SBJ We) (VP got (NP our two six-packs))) -- and (S (NP-SBJ they) (VP 're (VP gone))) . '')) (TOP (S (NP-SBJ Mr. Pratt) (VP remarked (SBAR that (S (NP-SBJ he) (VP thinks (SBAR 0 (S (NP-SBJ steeper prices) (VP have (VP come (PRT about) (SBAR-PRP because (S (NP-SBJ-1 producers) (VP do n't (VP like (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ a hit wine) (VP (ADVP-MNR dramatically) increase (PP in (NP price)) (ADVP-TMP later on)))))))))))))))))) .)) (TOP (S (SBAR-ADV (ADVP Even) if (S (NP-SBJ there) (VP is (NP-PRD consumer resistance) (PP-TMP at (ADJP first))))) , (NP-SBJ (NP a wine) (SBAR (WHNP-167 that) (S (NP-SBJ *T*-167) (VP wins (NP high ratings) (PP from (NP the critics)))))) (VP will (ADVP-TMP eventually) (VP move)) .)) (TOP (S-2 `` (S (NP-SBJ There) (VP may (VP be (NP-PRD sticker-shock reaction) (ADVP-TMP initially)))) , '' (PRN (SINV (VP said (S *T*-2)) (NP-SBJ Mr. Pratt))) , `` but (S (SBAR-TMP as (S (NP-SBJ-1 the wine) (VP is (VP talked (PP-CLR about (NP *-1)))) and (VP starts (S (NP-SBJ *-1) (VP to (VP sell)))))) , (NP-SBJ-3 they) (ADVP-TMP eventually) (VP (VP get (ADJP-PRD excited)) and (VP decide (SBAR 0 (S (NP-SBJ it) (VP 's (ADJP-PRD worth (NP the astronomical price)) (S-PRP (NP-SBJ *-3) (VP to (VP add (NP it) (PP-CLR to (NP their collection))))))))))) . '')) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (ADVP just) (NP-PRD (NP sort) (PP of (NP a one-upsmanship thing))) (PP with (NP some people)))) , '' (VP added (S *T*-1)) (NP-SBJ Larry Shapiro) .)) (TOP (S `` (NP-SBJ-1 They) (VP like (S (NP-SBJ-2 *-1) (VP to (VP talk (PP-CLR about (S-NOM (NP-SBJ *-2) (VP having (NP (NP (NP the new Red Rock Terrace) (PRN -LCB- (NP (NP one) (PP of (NP (NP Diamond Creek 's) Cabernets))) -RCB-)) or (NP the Dunn 1985 Cabernet) , or (NP the Petrus))))))))) .)) (TOP (S (S (NP-SBJ Producers) (VP have (VP seen (S (NP-SBJ this market) (VP opening (ADVP-CLR up)))))) and (S (NP-SBJ they) (VP 're (ADVP-TMP now) (VP creating (NP (NP wines) (SBAR (WHNP-168 that) (S (NP-SBJ *T*-168) (VP appeal (PP-CLR to (NP these people))))))))) . '')) (TOP (S (NP-SBJ That) (VP explains (SBAR (WHADVP why) (S (NP-SBJ (NP the number) (PP of (NP these wines))) (VP is (VP expanding (ADVP-MNR so rapidly)))))) .)) (TOP (S But (NP-SBJ (NP consumers) (SBAR (WHNP-169 who) (S (NP-SBJ *T*-169) (VP buy (PP-LOC at (NP this level)))))) (VP are (ADVP also) (ADJP-PRD (ADJP more knowledgeable) (SBAR than (S (NP-SBJ they) (VP were (ADJP-PRD *?*) (ADVP-TMP (NP a few years) ago)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ They) (VP wo n't (VP buy (SBAR-ADV if (S (NP-SBJ the quality) (VP is not (ADVP-LOC-PRD there))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Cedric Martin) (PP of (NP (NP Martin Wine Cellar) (PP-LOC in (NP New Orleans))))) .)) (TOP (FRAG `` Or (SBAR-ADV if (S (NP-SBJ they) (VP feel (SBAR (SBAR 0 (S (NP-SBJ-99 the wine) (VP is (VP overpriced (NP *-99))))) and (SBAR 0 (S (NP-SBJ they) (VP can (VP get (NP (NP something) (ADJP equally good)) (PP-CLR for (ADJP less)))))))))) . '')) (TOP (S (S (NP-SBJ-1 Mr. Martin) (VP has (VP increased (NP (NP prices) (PP-LOC on (NP (NP some wines) (PRN -LRB- (PP like (NP (NP Grgich Hills Chardonnay) , (NP (ADVP-TMP now) $ 32 *U*))) -RRB-)))) (S-PRP (ADVP just) (NP-SBJ *-1) (VP to (VP slow (PRT down) (NP movement)))))) ,) but (S (NP-SBJ-2 he) (VP is (VP beginning (S (NP-SBJ *-2) (VP to (VP see (NP (NP some resistance) (PP to (NP (NP high-priced red Burgundies and Cabernets and Chardonnays) (PP-LOC in (NP the (ADJP (QP $ 30 to $ 40) *U*) range))))))))))) .)) (TOP (S (S (NP-SBJ Image) (VP has (PRN , (PP of (NP course)) ,) (NP (NP a great deal) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1) (PP-CLR with (SBAR-NOM (SBAR (WHNP-170 what) (S (NP-SBJ *T*-170) (VP sells))) and (SBAR (WHNP-171 what) (S (NP-SBJ *T*-171) (VP does n't (VP *?*))))))))))))) , and (S (NP-SBJ-100 it) (VP ca n't (VP be (VP forced (NP *-100))))) .)) (TOP (S (S (NP-SBJ Wine merchants) (VP ca n't (VP keep (S (NP-SBJ Roederer Cristal) (PP-LOC-PRD in (NP stock)))))) , but (S (NP-SBJ-1 they) (VP have (S (NP-SBJ-2 *-1) (VP to (VP push (NP Salon le Mesnil) , (S-ADV (NP-SBJ *-2) (ADVP even) (VP lowering (NP the price) (PP-DIR from (NP $ 115 *U*)) (PP-DIR to (NP $ 90 *U*))))))))) .)) (TOP (S (S (NP-SBJ It) (VP 's (ADVP hardly) (NP-PRD (NP a question) (PP of (NP quality))))) -- (S (NP-SBJ the 1982 Salon) (VP is (NP-PRD a beautiful wine))) , but (S-1 (PRN , (SBAR-ADV as (S (NP-SBJ Mr. Pratt) (VP noted (SBAR 0 (S *T*-1))))) ,) (NP-SBJ people) (VP have (NP (NP their own ideas) (PP about (NP value))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD interesting) (S-1 (NP-SBJ *) (VP to (VP find (SBAR that (S (NP-SBJ (NP a lot) (PP of (NP the expensive wines))) (VP are n't (ADVP-TMP always) (VP walking (PP-DIR out (NP the door)))))))))) .)) (TOP (S (PP-LOC In (NP (NP every major market) (PP-LOC in (NP the U.S.)))) , (PP for (NP instance)) , (NP-SBJ you) (VP can (VP buy (NP (NP '86 La Tache or Richebourg) , (NP (NP virtually all) (PP of (NP the first growth Bordeaux)) (PRN -LRB- (PP except (NP Petrus)) -RRB-)) , (CONJP as well as) (NP (NP (NP Opus One) and (NP Dominus)) (PP from (NP California))) and , (PP-TMP at (NP the moment)) , (NP (NP the Stag 's) Leap 1985 Cask 23)))) .)) (TOP (S (PP With (S-NOM (NP-SBJ (NP the biggest wine-buying period) (PP of (NP the year))) (VP looming (SBAR-TMP as (S (NP-SBJ the holidays) (VP approach)))))) , (NP-SBJ (NP it) (S *EXP*-1)) (VP will (VP be (ADJP-PRD interesting) (S-1 (NP-SBJ *) (VP to (VP see (SBAR (WHADVP how) (S (NP-SBJ the superpremiums) (VP fare)))))))) .)) (TOP (S (PP-TMP By (NP January)) (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP should (VP be (ADJP-PRD fairly clear) (SBAR-1 (SBAR (WHNP-2 what) (S (NP-SBJ *T*-2) (VP 's (ADJP-PRD hot)))) -- and (SBAR (WHNP-172 what) (S (NP-SBJ *T*-172) (VP 's not (ADJP-PRD *?*))))))) .)) (TOP (S (NP-SBJ Ms. Ensrud) (VP is (NP-PRD (NP a free-lance wine writer) (PP-LOC in (NP New York)))) .)) (TOP (S (S (NP-SBJ (NP Signs) (PP of (NP a slowing economy))) (VP are (VP increasing (NP (NP pressure (S *ICH*-2)) (PP on (NP the Federal Reserve)) (S-2 (NP-SBJ *) (VP to (VP cut (NP short-term interest rates)))))))) , but (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is n't (ADJP-PRD clear) (SBAR-1 whether (S (NP-SBJ the central bank) (VP will (VP do (ADVP-PRD so))))))) .)) (TOP (S (NP-SBJ (NP A survey) (PP by (NP (NP the Fed 's) 12 district banks))) (VP shows (SBAR 0 (S (NP-SBJ economic growth) (VP has (VP been (ADJP-PRD sluggish) (PP-TMP in (NP recent weeks)) , (SBAR-TMP while (S (NP-SBJ (NP upward pressures) (PP on (NP prices))) (VP have (VP moderated))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The economy) (VP is (ADVP clearly) (VP slowing))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Robert Black) , (NP (NP president) (PP of (NP the Richmond Federal Reserve Bank)))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ you) (VP look (PP-CLR at (NP the third quarter)) (PP-CLR as (S-NOM (NP-SBJ *) (VP posting (NP (ADJP (QP roughly 2.5) %) growth))))))) , (NP-SBJ I) (VP do (VP see (NP (NP some slowing) (PP-TMP in (NP the fourth quarter)))))) , '' (VP agrees (S *T*-1)) (NP-SBJ Kansas City Fed President Roger Guffey) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ both (NP Mr. Guffey) and (NP Mr. Black)) (VP say (SBAR 0 (S (NP-SBJ the slowdown) (ADVP so far) (VP is (NP-PRD (NP no cause) (PP for (NP concern))))))) .)) (TOP (SINV `` (S (NP-SBJ We) (VP 're (VP coming (ADVP-DIR closer (PP to (S-NOM (NP-SBJ *) (VP achieving (NP (NP the stated objective) (PP of (S-NOM (NP-SBJ *) (VP slowing (NP the economy) (PP-CLR to (NP (NP a point) (SBAR-LOC (WHADVP-1 where) (S (ADVP hopefully) (NP-SBJ (NP some downward trend) (PP-LOC in (NP prices))) (VP will (VP occur (ADVP-LOC *T*-1)))))))))))))))))) , '' (VP said) (NP-SBJ Mr. Guffey) .)) (TOP (S (S (NP-SBJ Bush administration officials) (VP are (VP looking (PP-CLR to (NP-1 the Fed)) (S-CLR (NP-SBJ *-1) (VP to (VP bring (PRT down) (NP rates))))))) , and (S (NP-SBJ-2 financial markets) (VP seem (S (NP-SBJ *-2) (VP to (VP be (VP expecting (NP easier credit) (ADVP as well))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the market) (VP had (VP been (VP expecting (S (NP-SBJ the Fed) (VP to (VP ease (ADVP (ADVP-TMP sooner) and (ADVP (ADVP (NP a little) more) (SBAR than (S (NP-SBJ it) (VP has (VP *?* (PP-TMP to (NP date)))))))))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Robert Johnson) , (NP (NP vice president) (PP of (NP global markets)) (PP for (NP Bankers Trust Co)))) .)) (TOP (S (NP-SBJ The Fed) (VP (VP cut (NP the key federal funds interest rate) (PP-EXT by (NP (QP about 0.25) percentage point)) (PP-DIR to (NP 8.75 %)) (PP-TMP after (NP the Oct. 13 stock market plunge))) , but (VP has (VP shown (NP (NP no sign) (PP of (NP movement))) (ADVP-TMP since)))) .)) (TOP (S (NP-SBJ (NP The report) (PP from (NP the Fed))) (VP found (SBAR that (S (NP-SBJ manufacturing) (PRN , (PP in (ADJP particular)) ,) (VP has (VP been (ADJP-PRD weak) (PP-TMP in (NP recent weeks))))))) .)) (TOP (S (NP-SBJ The Philadelphia Fed) (PRN , (PP for (NP instance)) ,) (VP reported (SBAR that (S (NP-SBJ-1 manufacturing activity) `` (VP continues (S (NP-SBJ *-1) (VP to (VP decline))) '' (PP-TMP for (NP (NP the fourth month) (PP in (NP a row)))))))) .)) (TOP (S-1 And (PP-LOC in (NP the Chicago district)) (PRN , (S (NP-SBJ the report) (VP said (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ (NP a manufacturer) (PP of (NP capital goods))) (VP noted (NP (NP slower orders) (PP for (NP (NP some types) , (PP including (NP (NP defense equipment) , (NP petroleum equipment) , (NP food packaging machinery) and (NP material handling equipment))))))) . '')) (TOP (S (NP-SBJ-1 Retail sales) (ADVP also) (VP were (VP reported (NP-2 *-1) (S-ADV (NP-SBJ *-2) (ADJP-PRD slow)) (PP-LOC in (NP most districts)) , (PP (ADVP particularly) `` for (NP (NP discretionary , big-ticket items) (PP such as (NP (NP furniture) , (NP home appliances) and (NP consumer electronics))))))) . '')) (TOP (S And (NP-SBJ-101 construction) (ADVP also) (VP was (VP described (NP *-101) (PP-CLR as (ADJP slow)) (PP-LOC in (NP most areas)))) .)) (TOP (S (PP Despite (NP the economic slowdown)) , (NP-SBJ there) (VP are (NP-PRD few clear signs (SBAR that (S (NP-SBJ growth) (VP is (VP coming (PP-CLR to (NP a halt)))))))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ-102 Fed officials) (VP may (VP be (VP divided (NP *-102) (PP-CLR over (SBAR whether (S (NP-SBJ *-102) (VP to (VP ease (NP credit))))))))) .)) (TOP (S (S (NP-SBJ (NP Several Fed governors) (PP-LOC in (NP Washington))) (VP have (VP been (VP pushing (PP-CLR for (NP easier credit)))))) ; but (S (NP-SBJ (NP many) (PP of (NP the regional Fed presidents))) (VP have (VP been (VP resisting (NP such a move))))) .)) (TOP (S (NP-SBJ Mr. Black) (VP said (SBAR 0 (S (NP-SBJ he) (VP (VP is (ADJP-PRD `` pleased '' (PP-CLR with (NP (NP the economy 's) recent performance)))) , and (VP does n't (VP see `` (NP (NP a lot) (PP of (NP (NP excesses) (SBAR *ICH*-1))) (ADVP-LOC out there) (SBAR-1 (WHNP-3 that) (S (NP-SBJ *T*-3) (VP would (VP tilt (NP us) (PP-DIR into (NP recession))))))))))))) . '')) (TOP (S-2 `` (S (NP-SBJ There) (VP is (ADVP-TMP always) (NP-PRD (NP a chance) (PP of (NP recession))))) , '' (PRN (SINV (VP added (S *T*-2)) (NP-SBJ Mr. Guffey)) ,) `` but (S (SBAR-ADV if (S (NP-SBJ you) (VP ask (NP-3 me) (S (NP-SBJ *-3) (VP to (VP put (NP a percentage) (PP-PUT on (NP it)))))))) , (NP-SBJ I) (VP would (VP think (SBAR 0 (S (NP-SBJ it) (VP 's (PP-LOC-PRD (ADVP well) below (NP a (ADJP 50 %) chance)))))))) .)) (TOP (S (S (NP-SBJ Integra-A Hotel & Restaurant Co.) (VP said (SBAR 0 (S (NP-SBJ-103 (NP its planned rights offering) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP raise (NP (QP about $ 9 million) *U*)))))) (VP was (VP declared (S (NP-SBJ *-103) (ADJP-PRD effective)))))))) and (S (NP-SBJ-2 the company) (VP will (VP begin (S (NP-SBJ *-2) (VP mailing (NP materials) (PP-DIR to (NP shareholders)))) (PP-TMP at (NP (NP the end) (PP of (NP this week))))))) .)) (TOP (S (PP-LOC Under (NP the offer)) , (NP-SBJ shareholders) (VP will (VP receive (NP one right) (PP for (NP (NP each 105 common shares) (VP owned (NP *)))))) .)) (TOP (S (NP-SBJ Each right) (VP entitles (S (NP-SBJ the shareholder) (VP to (VP buy (NP (NP (NP $ 100 *U*) (NP face amount) (PP of (NP (NP (ADJP 13.5 %) bonds) (ADJP due (NP-TMP 1993))))) and (NP warrants (S (NP-SBJ *) (VP to (VP buy (NP 23.5 common shares) (PP-CLR at (NP (NP 30 cents) (NP-ADV a share)))))))))))) .)) (TOP (S (NP-SBJ-104 (NP The rights) , (SBAR (WHNP-173 which) (S (NP-SBJ *T*-173) (VP expire (NP-TMP Nov. 21)))) ,) (VP can (VP be (VP exercised (NP *-104) (PP for (NP (NP $ 100 *U*) (ADVP each)))))) .)) (TOP (S (NP-SBJ (NP Integra) , (SBAR (WHNP-174 which) (S (NP-SBJ *T*-174) (VP owns and operates (NP hotels)))) ,) (VP said (SBAR that (S (NP-SBJ-1 Hallwood Group Inc.) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP exercise (NP (NP any rights) (SBAR (WHNP-175 that) (S (NP-SBJ-2 *T*-175) (VP are n't (VP exercised (NP *-2) (PP by (NP-LGS other shareholders))))))))))))))) .)) (TOP (S (NP-SBJ (NP Hallwood) , (NP a Cleveland merchant bank) ,) (VP owns (NP (NP (QP about 11) %) (PP of (NP Integra)))) .)) (TOP (S (NP-SBJ (NP Copperweld Corp.) , (NP a specialty steelmaker) ,) (VP said (SBAR 0 (S (NP-SBJ (NP 445 workers) (PP-LOC at (NP (NP a plant) (PP-LOC in (NP (NP Shelby) , (NP Ohio) ,))))) (VP began (NP a strike) (SBAR-TMP after (S (NP-SBJ the United Steelworkers Local 3057) (VP rejected (NP a new contract) (PP-TMP on (NP Tuesday))))))))) .)) (TOP (S (NP-SBJ (NP The previous contract) (PP-LOC between (NP (NP (NP Copperweld 's) Ohio Steel Tube division) and (NP the union)))) (VP expired (PP-TMP at (NP midnight)) (NP-TMP Tuesday)) .)) (TOP (S (NP-SBJ The union vote (S (NP-SBJ *) (VP to (VP reject (NP the proposed pact))))) (VP was (ADVP-PRD 230-215)) .)) (TOP (S (NP-SBJ Copperweld) (VP said (SBAR 0 (S (NP-SBJ it) (VP does n't (VP expect (NP a protracted strike)))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP has (VP taken (NP-CLR measures) (S-CLR (NP-SBJ *-1) (VP to (VP continue (NP shipments) (PP-TMP during (NP the work stoppage)))))))))) .)) (TOP (S (NP-SBJ The Treasury) (VP (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP sell (NP (NP (QP $ 30 billion) *U*) (PP in (NP notes and bonds))) (NP-TMP next week)))))))) , but (VP said (SBAR 0 (S (NP-SBJ-105 the auctions) (VP will (VP be (VP postponed (NP *-105) (SBAR-ADV unless (S (NP-SBJ-2 Congress) (VP acts (ADVP-MNR quickly) (S-CLR (NP-SBJ *-2) (VP to (VP lift (NP the federal debt ceiling)))))))))))))) .)) (TOP (S (NP-SBJ (NP Michael Basham) , (NP (NP deputy assistant secretary) (PP for (NP federal finance))) ,) (VP said (SBAR 0 (S (NP-SBJ-2 the Treasury) (VP may (VP wait (PP-TMP until (NP (NP late Monday) or (ADVP even) (NP early Tuesday))) (S-CLR (NP-SBJ *-2) (VP to (VP announce (SBAR whether (S (NP-SBJ-1 the autions) (VP are (S (NP-SBJ-106 *-1) (VP to (VP be (VP rescheduled (NP *-106)))))))))))))))) .)) (TOP (S-1 (SBAR-ADV Unless (S (NP-SBJ it) (VP can (VP raise (NP money) (PP-LOC in (NP financial markets)))))) (PRN , (S (NP-SBJ Mr. Basham) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the federal government) (VP wo n't (VP have (NP (NP the cash) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP pay (PRT off) (NP (NP (QP $ 13.8 billion) *U*) (PP in (NP (NP Treasury bills) (SBAR (WHNP-176 that) (S (NP-SBJ *T*-176) (VP mature (PP-TMP on (NP Thursday)))))))) (ADVP *T*-2)))))))) .)) (TOP (S (PP Without (NP congressional action)) , (NP-SBJ the Treasury) (VP ca n't (VP sell (NP (NP any new securities) (PRN -- (ADVP even) (NP savings bonds))))) .)) (TOP (S But (PP despite (NP (NP partisan bickering) (PP over (NP (NP the debt ceiling) , (SBAR (WHNP-177 which) (S (NP-SBJ *T*-177) (VP has (VP become (ADJP-PRD entangled (PP in (NP (NP the fight) (PP over (S-NOM (NP-SBJ *) (VP cutting (NP capital-gains taxes))))))))))))))) , (NP-SBJ-1 Congress) (VP is (ADJP-PRD almost certain (S (NP-SBJ *-1) (VP to (VP act (PP-TMP in (NP (NP time) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP avoid (NP default) (ADVP-TMP *T*-3)))))))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ (NP Each day) (SBAR (WHADVP-2 that) (S (NP-SBJ-1 Congress) (VP fails (S (NP-SBJ *-1) (VP to (VP act))) (ADVP *T*-2)) ...))) (VP will (VP cause (NP (NP additional disruption) (PP-LOC in (NP our borrowing schedule))) , (S-ADV (NP-SBJ *) (ADVP possibly) (VP resulting (PP-CLR in (NP (NP higher interest costs) (PP to (NP the taxpayer))))))))) , '' (NP-SBJ Treasury Secretary Nicholas Brady) (VP said (S *T*-3) (PP-LOC in (NP (NP a speech) (VP prepared (NP *) (PP-PRP for (NP (NP delivery) (NP-TMP last night) (PP to (NP (NP a group) (PP of (NP bankers)))))))))) .)) (TOP (S `` (S-PRP (NP-SBJ *) (VP To (VP avoid (NP (NP these costs) , and (NP a possible default))))) , (NP-SBJ immediate action) (VP is (ADJP-PRD imperative)) . '')) (TOP (S (NP-SBJ (NP The securities) (SBAR (WHNP-1 0) (S (NP-SBJ-107 *T*-1) (VP to (VP be (VP sold (NP *-107) (NP-TMP next week))))))) (VP will (VP (VP raise (NP (NP (QP about $ 10 billion) *U*) (PP in (NP cash)))) and (VP redeem (NP (NP (QP $ 20 billion) *U*) (PP in (NP maturing notes)))))) .)) (TOP (S (NP-SBJ (NP The new securities) , (NP (NP part) (PP of (NP (NP the federal government 's) regular quarterly refunding))) ,) (VP will (VP consist (PP-CLR of))) :)) (TOP (NP -- (NP (QP $ 10 billion) *U*) (PP of (NP three-year notes)) , (SBAR (WHNP-1 0) (S (NP-SBJ-108 *T*-1) (VP (VP to (VP be (VP auctioned (NP *-108) (NP-TMP Tuesday)))) and (VP to (VP mature (NP-TMP (NP Nov. 15) , (NP 1992))))))) .)) (TOP (NP -- (NP (QP $ 10 billion) *U*) (PP of (NP 10-year notes)) , (SBAR (WHNP-1 0) (S (NP-SBJ-109 *T*-1) (VP (VP to (VP be (VP auctioned (NP *-109) (NP-TMP Wednesday)))) and (VP (VP to (VP mature (NP-TMP (NP Nov. 15) , (NP 1999)))))))) .)) (TOP (NP -- (NP (QP $ 10 billion) *U*) (PP of (NP 30-year bonds)) , (SBAR (WHNP-1 0) (S (NP-SBJ-110 *T*-1) (VP (VP to (VP be (VP auctioned (NP *-110) (NP-TMP Thursday)))) and (VP to (VP mature (NP-TMP Aug. 15 , 2019)))))) .)) (TOP (S (NP-SBJ The Treasury) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP sell (NP (NP (QP $ 10 billion) *U*) (PP in (NP 36-day cash management bills))) (PP-TMP on (NP Thursday))))))))) .)) (TOP (S (NP-SBJ They) (VP will (VP mature (NP-TMP Dec. 21))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP None) (PP of (NP the securities))) (VP will (VP be (ADJP-PRD eligible (PP for (NP when-issued trading))) (SBAR-TMP until (S (NP-SBJ-1 Congress) (VP approves (NP (NP an increase) (PP-LOC in (NP the debt ceiling))) , (S-ADV (NP-SBJ *-1) (VP clearing (NP (NP the way) (PP for (NP a formal offering))))))))))) , (NP-SBJ Mr. Basham) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The Treasury) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP needs (S (NP-SBJ *-1) (VP to (VP raise (NP (QP $ 47.5 billion) *U*) (PP-TMP in (NP the current quarter)) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP end (NP December) (PP-MNR with (NP a (ADJP (QP $ 20 billion) *U*) cash balance))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Auctions) (VP held (NP *) (PP-TMP in (NP October)))) and (NP (NP those) (VP scheduled (NP *) (PP-CLR for (NP next week))))) (VP will (VP raise (NP (NP a total) (PP of (NP (QP $ 25.6 billion) *U*))))) .)) (TOP (S (S-TPC-1 (NP-SBJ-111 The remaining (QP $ 21.9 billion) *U*) (VP could (VP be (VP raised (NP *-111) (PP-MNR through (NP (NP (NP the sale) (PP of (NP short-term Treasury bills))) , (NP (NP (NP two-year notes) (PP-TMP in (NP November))) and (NP (NP five-year notes) (PP-TMP in (NP early December)))))))))) , (NP-SBJ the Treasury) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP In (NP (NP the first three months) (PP of (NP 1990)))) , (NP-SBJ the Treasury) (VP estimates (SBAR that (S (NP-SBJ-1 it) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP raise (NP (QP between $ 45 billion and $ 50 billion) *U*)))))))) , (S-ADV (NP-SBJ *) (VP assuming (SBAR that (S (NP-SBJ-2 it) (VP decides (S (NP-SBJ *-2) (VP to (VP aim (PP-CLR for (NP (NP a (ADJP (QP $ 10 billion) *U*) cash balance) (PP-TMP at (NP (NP the end) (PP of (NP March))))))))))))))) .)) (TOP (S (NP-SBJ Lancaster Colony Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP acquired (NP Reames Foods Inc.) (PP-LOC in (NP a cash transaction)))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Reames) , (NP (NP a maker and marketer) (PP of (NP (NP frozen noodles) and (NP pre-cooked pasta))) (VP based (NP *) (PP-LOC-CLR in (NP (NP Clive) , (NP Iowa) ,))))) (VP has (NP (NP annual sales) (PP of (NP (QP about $ 11 million) *U*))))) , (NP-SBJ Lancaster) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 Investors) (VP took (NP advantage) (PP-CLR of (NP (NP Tuesday 's) stock rally)) (S-PRP (NP-SBJ *-1) (VP to (VP book (NP some profits)))) (NP-TMP yesterday) , (S-ADV (NP-SBJ *-1) (VP leaving (S (NP-SBJ stocks) (ADVP-PRD up (ADVP fractionally)))))) .)) (TOP (S (NP-SBJ (NP Bond prices) and (NP the dollar)) both (VP gained (ADVP-MNR modestly)) .)) (TOP (S (NP-SBJ-1 The Dow Jones Industrial Average) (VP finished (ADVP (NP (NP less) (PP than (NP a point))) higher) (S-PRP (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP 2645.90)) (PP-LOC in (NP moderate trading)))))) .)) (TOP (S But (NP-SBJ (NP advancing issues) (PP-LOC on (NP the New York Stock Exchange))) (VP were (ADJP-PRD (ADVP tidily) ahead (PP of (NP declining stocks)) , (ADVP 847 to 644))) .)) (TOP (S (NP-SBJ Long-term bond prices) (VP rose (PP despite (NP (NP prospects) (PP of (NP (NP a huge new supply) (PP of (NP Treasury debt)) (NP-TMP this month)))))) .)) (TOP (S (NP-SBJ (NP Continuing demand) (PP for (NP dollars)) (PP from (NP Japanese investors))) (VP boosted (NP the U.S. currency)) .)) (TOP (S (NP-SBJ-112 Analysts) (VP were (VP disappointed (NP *-112) (SBAR that (S (NP-SBJ (NP (NP the enthusiasm) (PP *ICH*-2)) (SBAR (WHNP-1 0) (S (NP-SBJ investors) (VP showed (NP *T*-1) (PP-2 for (NP stocks)) (PP-LOC in (NP (NP the wake) (PP of (NP (NP (NP Georgia-Pacific 's) (ADJP (QP $ 3.18 billion) *U*) bid) (PP for (NP Great Northern Nekoosa)))))))))) (VP evaporated (ADVP-TMP so quickly)))))) .)) (TOP (S (NP-SBJ The industrial average) (VP jumped (NP-EXT (QP more than 41) points) (NP-TMP Tuesday) (SBAR-TMP as (S (NP-SBJ-1 speculators) (VP rushed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP shares) (PP of (NP potential takeover targets)))))))))) .)) (TOP (S But (PP with (S-NOM (NP-SBJ (NP the end) (PP of (NP the year))) (PP-LOC-PRD in (NP sight)))) , (NP-SBJ-1 money managers) (VP are (ADJP-PRD eager (S (NP-SBJ-2 *-1) (VP to (VP (VP take (NP profits)) and (VP cut (NP (NP their risks) (PP of (S-NOM (NP-SBJ *-2) (VP losing (SBAR-NOM (WHNP-178 what) (S (PP for (NP many)) (NP-SBJ *T*-178) (VP have (VP been (NP-PRD (NP (ADJP exceptionally good) returns) (X (PP in))))))))))))))))))) (TOP (S (NP-SBJ Economic news) (VP had (NP (NP little effect) (PP on (NP financial markets)))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 *) (VP expected (NP *-1)))) , (NP-SBJ (NP a national purchasing managers ') report) (VP indicated (SBAR 0 (S (NP-SBJ-2 (NP the nation 's) manufacturing sector) (VP continues (S (NP-SBJ *-2) (VP to (VP contract (ADVP-MNR modestly)))))))) .)) (TOP (S (NP-SBJ (NP (NP The Federal Reserve 's) Beige Book) , (NP (NP a summary) (PP of (NP (NP economic conditions) (PP-LOC across (NP the country))))) ,) (VP indicated (SBAR that (S (NP-SBJ the overall economy) (VP remains (PP-LOC-PRD in (NP (NP a pattern) (PP of (NP sluggish growth)))))))) .)) (TOP (PP-LOC In (NP major market activity) :)) (TOP (S (NP-SBJ Stock prices) (VP rose (ADVP-MNR fractionally) (PP-LOC in (NP moderate trading))) .)) (TOP (S (NP-SBJ Big Board volume) (VP totaled (NP (QP 154.2 million) shares)) .)) (TOP (S (NP-SBJ Bond prices) (VP were (ADVP-PRD up)) .)) (TOP (S (NP-SBJ (NP The Treasury 's) benchmark 30-year bond) (VP gained (NP (NP (NP (QP about a quarter)) (PP of (NP a point))) , or (NP (NP $ 2.50 *U*) (PP for (NP (NP each $ 1,000 *U*) (PP of (NP face amount))))))) .)) (TOP (S (NP-SBJ The yield) (VP fell (PP-DIR to (NP 7.88 %))) .)) (TOP (S (NP-SBJ The dollar) (VP rose) .)) (TOP (S (PP-LOC In (NP late afternoon New York trading)) (NP-SBJ the currency) (VP was (PP-PRD at (NP (NP 1.8500 marks) and (NP 143.80 yen))) (PP compared (PP with (NP (NP 1.8415 marks) and (NP 142.85 yen))))) .)) (TOP (S (NP-SBJ Mitsui Mining & Smelting Co.) (VP posted (NP (NP a (ADJP 62 %) rise) (PP-LOC in (NP pretax profit)) (PP to (NP (NP (QP 5.276 billion) yen) (PRN -LRB- (NP (QP $ 36.9 million) *U*) -RRB-)))) (PP-TMP in (NP (NP its fiscal first half) (VP ended (NP-TMP Sept. 30)))) (PP compared (PP with (NP (NP (QP 3.253 billion) yen) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ Net income) (VP (ADVP more than) tripled (PP-DIR to (NP (QP 4.898 billion) yen)) (PP-DIR from (NP (QP 1.457 billion) yen) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Eaton Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP sold (NP its Pacific Sierra Research Corp. unit) (PP-DTV to (NP (NP a company) (VP formed (NP *) (PP by (NP-LGS (NP employees) (PP of (NP that unit))))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ (NP Pacific Sierra) , (VP based (NP *) (PP-LOC-CLR in (NP Los Angeles))) ,) (VP (VP has (NP (QP about 200) employees)) and (VP supplies (NP (NP professional services) and (NP advanced products)) (PP-DIR to (NP industry)))) .)) (TOP (S (NP-SBJ Eaton) (VP is (NP-PRD an automotive parts , controls and aerospace electronics concern)) .)) (TOP (S (NP-SBJ-1 (NP Investor Harold Simmons) and (NP NL Industries Inc.)) (VP offered (S (NP-SBJ *-1) (VP to (VP acquire (NP Georgia Gulf Corp.) (PP-CLR for (NP (NP (NP $ 50 *U*) (NP-ADV a share)) , or (NP (QP about $ 1.1 billion) *U*) ,))))) (S-ADV (NP-SBJ *-1) (VP stepping (PRT up) (NP (NP the pressure) (PP on (NP the commodity chemicals concern)))))) .)) (TOP (S (NP-SBJ The offer) (VP follows (NP (NP an earlier proposal (S *ICH*-1)) (PP by (NP (NP NL) and (NP Mr. Simmons))) (S-1 (NP-SBJ *) (VP to (VP help (S (NP-SBJ Georgia Gulf) (VP (VP restructure) or (VP go (ADJP-PRD private)) (PP-LOC in (NP (NP a transaction) (SBAR (WHNP-179 that) (S (NP-SBJ *T*-179) (VP would (VP pay (NP shareholders) (NP (NP $ 55 *U*) (NP-ADV a share))))))))))))))) .)) (TOP (S (NP-SBJ Georgia Gulf) (VP (VP rebuffed (NP that offer) (PP-TMP in (NP September))) and (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP study (NP other alternatives))))))) .)) (TOP (S (ADVP However) , (NP-SBJ it) (VP has n't (ADVP-TMP yet) (VP made (NP any proposals) (PP-CLR to (NP shareholders)))) .)) (TOP (S (NP-TMP Late yesterday) , (NP-SBJ Georgia Gulf) (VP said (SBAR 0 (S (NP-SBJ it) (VP reviewed (NP (NP the NL proposal) (CONJP as well as) (NP (NP interests) (PP from `` (NP third parties) '') (PP regarding (NP business combinations)))))))) .)) (TOP (S (NP-SBJ Georgia Gulf) (VP said (SBAR (SBAR 0 (S (NP-SBJ it) (VP has n't (VP eliminated (NP any alternatives))))) and (SBAR that (S `` (S (NP-SBJ-1 (NP discussions) (PP *PPA*-2)) (VP are (VP being (VP held (NP *-1) (PP-CLR-2 with (NP interested parties)))))) , and (S (NP-SBJ (NP work) (PP *ICH*-3)) (VP is (ADVP also) (VP continuing (PP-3 on (NP other various transactions))))))))) . '')) (TOP (S (NP-SBJ It) (VP did n't (VP elaborate)) .)) (TOP (S (NP-SBJ Analysts) (VP saw (NP the latest offer) (PP-CLR as (NP proof (SBAR that (S (NP-SBJ (NP Mr. Simmons) , (NP an (ADJP aggressive and persistent) investor) ,) (VP wo n't (VP leave (S (NP-SBJ Georgia Gulf) (ADJP-PRD alone)) (SBAR-TMP until (S (NP-SBJ-113 (NP some kind) (PP of (NP transaction))) (VP is (VP completed (NP *-113)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ He) (VP has (VP clamped (PP-CLR on (NP their ankle)) (PP-MNR like (NP a pit bull))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Paul Leming) , (NP (NP a vice president) (PP with (NP Morgan Stanley & Co)))) .)) (TOP (S `` (NP-SBJ-1 He) (VP appears (S (NP-SBJ *-1) (VP to (VP be (PP-LOC-PRD in (NP it)) (PP-TMP for (NP the long haul)))))) . '')) (TOP (S (NP-SBJ (NP Mr. Simmons) and (NP NL)) (ADVP-TMP already) (VP own (NP (NP a (ADJP 9.9 %) stake) (PP-LOC in (NP Georgia Gulf)))) .)) (TOP (S (NP-SBJ Mr. Simmons) (VP owns (NP (NP 88 %) (PP of (NP (NP Valhi Inc.) , (SBAR (WHNP-1 which) (S (PP in (NP turn)) (NP-SBJ *T*-1) (VP owns (NP (NP two-thirds) (PP of (NP NL)))))))))) .)) (TOP (S (NP-SBJ NL) (VP is (ADVP-MNR officially) (VP making (NP the offer))) .)) (TOP (S (NP-SBJ-1 Mr. Leming) (VP was n't (VP surprised (NP *-1) (PP by (NP-LGS (NP the lower price) (VP cited (NP *) (PP by (NP-LGS NL))))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ he) (VP believes (SBAR that (S (NP-SBJ (NP $ 55 *U*) (NP-ADV a share)) (VP is (NP-PRD `` (NP the most) (SBAR (WHNP-2 0) (S (NP-SBJ you) (VP can (VP pay (NP *T*-2) (PP-CLR for (NP Georgia Gulf)) (SBAR-TMP before (S (NP-SBJ it) (VP becomes (NP-PRD a bad acquisition))))))))))))))))))) . '')) (TOP (S (NP-SBJ-1 Georgia Gulf stock) (VP rose (NP-EXT (NP $ 1.75 *U*) (NP-ADV a share)) (NP-TMP yesterday) (S-PRP (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP $ 51.25 *U*) (NP-ADV a share)))))) , (SBAR-TMP while (S (S (NP-SBJ NL shares) (VP closed (ADJP unchanged) (PP-CLR at (NP $ 22.75 *U*)))) and (S (NP-SBJ Valhi) (VP rose (NP-EXT 62.5 cents) (PP-DIR to (NP $ 15 *U*)))))) , (PP-LOC all in (NP New York Stock Exchange composite trading))) .)) (TOP (S (NP-SBJ (NP J. Landis Martin) , (NP NL (NX (NX president) and (NX chief executive officer))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP NL) and (NP Mr. Simmons)) (VP cut (NP (NP (NP the price) (PP *ICH*-2)) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP were (VP proposing (NP *T*-1) (PP-2 for (NP Georgia Gulf))))))) (SBAR-PRP because (S (NP-SBJ they) (ADVP-TMP initially) (VP planned (NP (NP a transaction) (SBAR (WHNP-180 that) (S (NP-SBJ *T*-180) (VP included (NP (NP (NP (QP about $ 250 million) *U*) (PP in (NP equity))) and (NP (NP a substantial amount) (PP of (NP high-yield subordinated debt))))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ the junk-bond market) (VP has (VP collapsed (PP-TMP in (NP recent weeks)) , (S-ADV (NP-SBJ *) (VP lessening (NP the likelihood (SBAR that (S (NP-SBJ such a transaction) (VP would (VP succeed))))))))) .)) (TOP (S-1 (ADVP-TMP Now) (PRN , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) ,) (NP-SBJ-2 the group) (VP plans (S (NP-SBJ *-2) (VP to (VP (VP put (PRT in) (NP (NP `` (QP several hundred million) '' dollars) (PP in (NP equity)))) and (VP finance (NP the remainder) (PP-MNR with (NP bank debt))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP said (SBAR that (S (NP-SBJ the group) (VP reduced (NP its offer) (SBAR-PRP because (S (NP-SBJ-1 it) (VP was n't (VP allowed (S (NP-SBJ-2 *-1) (VP to (VP see (NP (NP Georgia Gulf 's) confidential financial information) (PP-MNR without (S-NOM (NP-SBJ *-2) (VP agreeing (SBAR that (S (NP-SBJ it) (VP would n't (VP make (NP an offer) (SBAR-ADV unless (S (NP-SBJ it) (VP had (NP (NP Georgia Gulf 's) consent)))))))))))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a letter) (PP to (NP Georgia Gulf President Jerry R. Satrum)))) , (NP-SBJ Mr. Martin) (VP asked (NP-1 Georgia Gulf) (S (NP-SBJ *-1) (VP to (VP answer (NP its offer) (PP-TMP by (NP Tuesday)))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP was n't (ADJP-PRD clear) (SBAR-NOM-1 (WHADVP-2 how) (S (NP-SBJ (NP NL) and (NP Mr. Simmons)) (VP would (VP respond (ADVP-MNR *T*-2) (SBAR-ADV if (S (NP-SBJ Georgia Gulf) (VP spurns (NP them) (ADVP-TMP again))))))))) .)) (TOP (S (S (NP-SBJ Mr. Martin) (VP said (SBAR 0 (S (NP-SBJ they) (VP have n't (ADVP-TMP yet) (VP decided (SBAR-NOM (WHNP-181 what) (S (NP-SBJ their next move) (VP would (VP be (NP-PRD *T*-181))))))))))) , but (S (NP-SBJ he) (VP did n't (VP rule (PRT out) (NP (NP the possibility) (PP of (NP (NP a consent solicitation) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP replacing (NP (NP Georgia Gulf 's) board))))))))))) .)) (TOP (S (PP-LOC In (NP other transactions)) , (NP-SBJ Mr. Simmons) (VP has (VP followed (NP friendly offers) (PP-CLR with (NP a hostile tender offer)))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 Georgia Gulf) (VP has n't (VP been (ADJP-PRD eager (S (NP-SBJ *-1) (VP to (VP negotiate (PP-CLR with (NP (NP Mr. Simmons) and (NP (NP NL) , (NP a specialty chemicals concern) ,))))))))))) (NP-SBJ the group) (ADVP apparently) (VP believes (SBAR 0 (S (NP-SBJ-114 (NP the company 's) management) (VP is (VP interested (NP *-114) (PP-CLR in (NP (NP some kind) (PP of (NP transaction))))))))) .)) (TOP (S (NP-SBJ-1 The management group) (VP (VP owns (NP (NP (NP (QP about 18) %) (PP of (NP the stock))) , (NP (NP most) (VP purchased (NP *) (PP-CLR at (NP nominal prices)))) ,)) and (VP would (VP stand (S (NP-SBJ *-1) (VP to (VP gain (NP (NP millions) (PP of (NP dollars))) (SBAR-ADV if (S (NP-SBJ-115 the company) (VP were (VP sold (NP *-115))))))))))) .)) (TOP (S (PP-TMP In (NP the third quarter)) , (NP-SBJ Georgia Gulf) (VP earned (NP (NP (QP $ 46.1 million) *U*) , or (NP (NP $ 1.85 *U*) (NP-ADV a share)) ,) (ADVP down (PP from (NP (NP (QP $ 53 million) *U*) , or (NP (NP (NP $ 1.85 *U*) (NP-ADV a share)) (PP on (NP (NP fewer shares) (ADJP outstanding)))))))) .)) (TOP (S (NP-SBJ Sales) (VP fell (PP-DIR to (NP (QP $ 251.2 million) *U*)) (PP-DIR from (NP (QP $ 278.7 million) *U*))) .)) (TOP (S (NP-SBJ (NP A licensing company) (VP representing (NP (NP the University) (PP of (NP Pennsylvania))))) (VP added (NP Johnson & Johnson) (PP-CLR to (NP (NP its lawsuit) (VP challenging (NP a university faculty member) (PP over (NP (NP rights) (PP to (NP Retin-A acne medicine)))))))) .)) (TOP (S (NP-SBJ (NP University Patents Inc.) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Westport) , (NP Conn.) ,)))) (VP said (SBAR 0 (S (NP-SBJ it) (VP seeks (NP (NP (NP (NP (NP Johnson & Johnson 's) profits) (PP from (NP (NP sales) (PP of (NP Retin-A))))) , (VP estimated (NP *) (PP-CLR at (NP (QP $ 50 million) *U*)))) , (NP (NP a similar amount) (PP of (NP punitive damages))) and (NP the right (S (NP-SBJ *) (VP to (VP license (NP Retin-A) (ADVP-LOC elsewhere)))))))))) .)) (TOP (S (PP-TMP In (NP May)) , (NP-SBJ University Patents) (VP filed (NP (NP a suit) (PP *ICH*-1)) (PP-LOC in (NP federal court)) (PP-LOC in (NP Philadelphia)) (PP-1 against (NP (NP Albert M. Kligman) , (NP (NP a researcher and professor) (PP-LOC at (NP (NP the (NAC University (PP of (NP Pennsylvania))) School) (PP of (NP Medicine)))) (SBAR (WHNP-182 who) (S (NP-SBJ-2 *T*-182) (VP developed (NP Retin-A) (PP-TMP in (NP the 1960s)) (S-PRP (NP-SBJ *-2) (VP to (VP combat (NP acne))))))))))) .)) (TOP (S (NP-SBJ-1 Dr. Kligman) (VP (VP patented (NP the medicine) (SBAR-TMP while (S (NP-SBJ-2 *-1) (VP employed (NP *-2) (PP by (NP-LGS the University)))))) , but (VP (ADVP-TMP later) licensed (NP the Retin-A) (PP-CLR to (NP (NP a division) (PP of (NP Johnson & Johnson)))))) .)) (TOP (S (PP-LOC In (NP (NP New Brunswick) , (NP N.J.) ,)) (NP-SBJ a Johnson & Johnson spokesman) (VP declined (NP comment)) .)) (TOP (S (NP-SBJ (NP Criticism) (PP-LOC in (NP the U.S.)) (PP over (NP recent Japanese acquisitions))) (VP is (VP looming (ADVP-CLR ever larger) (PP-LOC in (NP (NP the two countries ') relations)))) .)) (TOP (S (NP-SBJ (NP Officials) (PP from (NP both nations))) (VP say (SBAR 0 (S (NP-SBJ (NP (NP the U.S. public 's) skittishness) (PP about (NP Japanese investment))) (VP could (VP color (NP (NP a second round) (PP of (NP bilateral economic talks)) (VP scheduled (NP *) (PP-CLR for (NP next week)) (PP-LOC in (NP Washington))))))))) .)) (TOP (S (SBAR-ADV Not that (S (NP-SBJ Washington and Tokyo) (VP disagree (PP-CLR on (NP the Japanese acquisitions))))) ; (ADVP indeed) , (NP-SBJ each) (VP has (VP come (PRT out) (PP-CLR in (NP (NP favor) (PP of (NP (NP unfettered investment) (PP-LOC in (NP the U.S)))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHADVP-1 Where) (S (NP-SBJ they) (VP disagree (ADVP-LOC *T*-1)))) (VP is (PP-LOC-PRD on (NP (NP the subject) (PP of (NP (NP U.S. direct investment) (PP in (NP Japan))))))) .)) (TOP (S (S (NP-SBJ The U.S.) (VP wants (NP (NP the removal) (PP of (SBAR-NOM (WHNP-183 what) (S (NP-SBJ it) (VP perceives (NP *T*-183) (PP-CLR as (NP (NP barriers) (PP to (NP investment))))))))))) ; (S (NP-SBJ Japan) (VP denies (SBAR 0 (S (NP-SBJ there) (VP are (NP-PRD real barriers)))))) .)) (TOP (S (NP-SBJ (NP-1 The heated talk) (VP stirred (NP *-1) (PRT up) (PP by (NP-LGS (NP recent Japanese investments) (PP-LOC in (NP the U.S.)))))) (VP is (VP focusing (NP attention) (PP-CLR on (NP (NP the differences) (PP-LOC in (NP investment climate)))) , (SBAR-ADV even though (S (NP-SBJ it) (VP 's (NP-PRD (NP (QP only one)) (PP of (NP (NP many subjects) (SBAR (WHNP-2 0) (S (NP-SBJ-116 *T*-2) (VP to (VP be (VP covered (NP *-116) (PP-LOC in (NP (NP the bilateral talks) , (VP known (NP *) (PP-CLR as (NP the Structural Impediments Initiative)))))))))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The Japanese) `` (VP should (VP see (NP this rhetoric) (PP-CLR as (NP (NP a signal) (PP of (NP (NP the need) (PP for (NP (NP a change) (PP-LOC in (NP their own economy))))))))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Charles Dallara) , (NP U.S. assistant Treasury secretary) , (SBAR (WHNP-184 who) (S (NP-SBJ-2 *T*-184) (VP has (VP been (PP-LOC-PRD in (NP Tokyo)) (NP-TMP this week) (S-ADV (NP-SBJ *-2) (VP (ADVP-MNR informally) discussing (NP the impending negotiations) (PP-CLR with (NP government and business leaders))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP have (NP (NP a long history) (PP of (S-NOM (NP-SBJ *) (VP maintaining (NP an open direct-investment policy))))))) , '' (NP-SBJ Mr. Dallara) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ U.S. investors) (VP should (VP have (NP (NP a greater opportunity) (PP at (NP (NP direct investment) '' (PP-LOC in (NP Japan))))))) .)) (TOP (S (NP-SBJ The Japanese) (VP fret (ADVP-MNR openly) (PP-CLR about (NP (NP the U.S. public 's) rancor))) .)) (TOP (S (NP-SBJ (NP One clear sign) (PP of (NP (NP Japan 's) nervousness))) (VP came (NP-TMP this week) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP a spokesman) (PP for (NP (NP Japan 's) Foreign Ministry))) (VP devoted (NP (NP nearly all) (PP of (NP (NP a regular , half-hour briefing) (PP for (NP foreign journalists))))) (PP-CLR to (NP (NP the subject) (PP of (NP (NP recent Japanese investments) (PP-LOC in (NP the U.S)))))) (ADVP-TMP *T*-1))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP believe (SBAR that (S (NP-SBJ (NP it) (SBAR *EXP*-3)) (VP is (ADJP-PRD vitally important) (SBAR-3 for (S (NP-SBJ (NP those Japanese business interests) -LCB- (PP-LOC in (NP the U.S .)) -RCB-) (VP to (VP be (ADJP-PRD more aware (PP of (NP (NP the emotions and concerns) (PP of (NP the American people)))))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP the spokesman) , (NP Taizo Watanabe)) .)) (TOP (S (PP-TMP At (NP the same time)) , (ADVP though) , (NP-SBJ he) (VP chastised (NP the media) (PP-PRP for (S-NOM (NP-SBJ *) (VP paying (NP such close attention) (PP-CLR to (NP Japanese investment)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP other foreign countries) , (NP notably Britain) ,) (VP are (VP acquiring (NP more American assets) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ Fears (SBAR that (S (NP-SBJ Japanese investors) (VP are (VP buying (PRT up) (NP America)))))) (VP have (VP escalated (ADVP-MNR sharply) (PP-TMP in (NP the past several weeks)) , (PP with (NP (NP (NP (NP Sony Corp. 's) purchase) (PP of (NP Columbia Pictures Entertainment Inc.)) (PP from (NP Coca-Cola Co.))) and (NP (NP (NP Mitsubishi Estate Co. 's) acquisition) (PP of (NP (NP a (ADJP 51 %) holding) (PP-LOC in (NP (NP Rockefeller Group) , (NP (NP the owner) (PP of (NP (NP some) (PP of (NP (NP midtown Manhattan 's) (ADJP most exclusive) real estate)))))))))))))) .)) (TOP (S (SBAR-TMP Even before (S (NP-SBJ those moves) (VP added (NP fuel)))) , (NP-SBJ-1 (NP the fires) (PP of (NP discontent))) (VP had (VP been (VP (ADVP-MNR well) stoked (NP *-1) (PP by (NP-LGS (NP (NP the (ADJP highly publicized) experience)) (PP-LOC in (NP Japan)) (PP of (NP (NP one U.S. investor) , (NP T. Boone Pickens Jr)))))))) .)) (TOP (S (NP-SBJ The Texas oilman) (VP has (VP acquired (NP (NP a (ADJP 26.2 %) stake) (VP valued (NP *) (PP-CLR at (NP (QP more than $ 1.2 billion) *U*))) (PP-LOC in (NP (NP an automotive-lighting company) , (NP Koito Manufacturing Co)))))) .)) (TOP (S But (NP-SBJ-1 he) (VP has (VP failed (S (NP-SBJ *-1) (VP to (VP gain (NP any influence) (PP-LOC at (NP the company))))))) .)) (TOP (S (NP-SBJ-1 Koito) (VP has (VP refused (S (NP-SBJ *-1) (VP to (VP grant (NP Mr. Pickens) (NP (NP seats) (PP-LOC on (NP its board)))))) , (S-ADV (NP-SBJ *-1) (VP asserting (SBAR 0 (S (NP-SBJ he) (VP is (NP-PRD (NP a greenmailer) (VP trying (S (NP-SBJ *) (VP to (VP pressure (NP (NP Koito 's) other shareholders) (PP-CLR into (S-NOM (NP-SBJ *) (VP buying (NP him) (PRT out) (PP-MNR at (NP a profit))))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Pickens) (VP made (NP considerable political hay) (PP with (NP (NP his troubles) (PP-LOC in (NP Japan))))) .)) (TOP (S (NP-SBJ (NP The Senate Finance Committee) , (VP chaired (NP *) (PP by (NP-LGS (NP a fellow Texan) , (NP Democratic Sen. Lloyd Bentsen) ,)))) (NP-TMP last month) (VP urged (S (NP-SBJ U.S. Trade Representative Carla Hills) (VP to (VP use (NP-1 (NP Mr. Pickens 's) experience) (PP-LOC in (NP (NP talks) (PP with (NP Tokyo)))) `` (S-CLR (NP-SBJ *-1) (VP to (VP highlight (NP (NP this problem) (VP facing (NP (NP Americans) (SBAR (WHNP-185 who) (S (NP-SBJ *T*-185) (VP seek (NP (NP access) (PP to (NP the Japanese capital markets)))))))))))))))) . '')) (TOP (S (SBAR-TMP While (S (NP-SBJ (NP Mr. Dallara) and (NP Japanese officials)) (VP say (SBAR 0 (S (NP-SBJ (NP the question) (PP of (NP (NP (NP investors ') access) (PP to (NP the U.S. and Japanese markets))))) (VP may (VP get (NP (NP a disproportionate share) (PP of (NP (NP the public 's) attention)))))))))) , (NP-SBJ (NP a number) (PP of (NP other important economic issues))) (VP will (VP be (PP-LOC-PRD on (NP the table)) (PP-LOC at (NP (NP next week 's) talks)))) .)) (TOP (SINV (PP-TPC-1 Among (NP them)) (VP are (PP-PRD *T*-1)) (NP-SBJ (NP differences) (PP-LOC in (NP (NP savings and investment rates) , (NP corporate structures and management) , and (NP government spending)))) .)) (TOP (S (NP-SBJ Each side) (VP has (NP (NP a litany) (PP of (NP (NP recommendations) (PP for (NP the other)))))) .)) (TOP (S (NP-SBJ The U.S.) (VP says (SBAR 0 (S (NP-SBJ it) (VP is (ADJP-PRD anxious (PP for (NP results))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP feel (ADVP-MNR very strongly) (SBAR that (S (S (NP-SBJ we) (VP (ADVP really) need (NP (NP action) (PP-LOC across (NP (NP the full range) (PP of (NP (NP issues) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP 've (VP identified (NP *T*-1)))))))))))) , and (S (NP-SBJ we) (VP need (NP it) (PP-TMP by (NP next spring)))))))) , '' (NP-SBJ Mr. Dallara) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ Both sides) (VP have (VP agreed (SBAR that (S (NP-SBJ the talks) (VP will (VP be (ADJP-PRD most successful) (SBAR-ADV if (S (NP-SBJ negotiators) (VP start (PP-MNR by (S-NOM (NP-SBJ *) (VP focusing (PP-CLR on (NP (NP the areas) (SBAR (WHNP-186 that) (S (NP-SBJ-1 *T*-186) (VP can (VP be (ADVP-MNR most easily) (VP changed (NP *-1)))))))))))))))))))) .)) (TOP (S But (NP-SBJ they) (VP have n't (VP clarified (SBAR-NOM (WHNP-187 what) (S (NP-SBJ those) (VP might (VP be (NP-PRD *T*-187))))))) .)) (TOP (S (PP-TMP After (NP (NP the first set) (PP of (NP meetings)) (ADVP-TMP (NP two months) ago))) , (NP-SBJ some U.S. officials) (VP complained (SBAR that (S (NP-SBJ Japan) (VP had n't (VP come (PRT up) (PP-CLR with (NP (NP specific changes) (SBAR (WHNP-2 0) (S (NP-SBJ-1 it) (VP was (VP prepared (S (NP-SBJ *-1) (VP to (VP make (NP *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ The Japanese) (VP retort (SBAR that (S (NP-SBJ the first round) (VP was (ADJP-PRD too early (S (NP-SBJ *) (VP to (VP make (NP concessions))))))))) .)) (TOP (SINV `` (S-TPC-1 (S-SBJ (NP-SBJ *) (VP (ADVP Just) to (VP say (SBAR 0 (S (NP-SBJ the distribution system) (VP is (ADJP-PRD wrong))))))) (VP does n't (VP mean (NP anything)))) , '' (VP says (S *T*-1)) (NP-SBJ a (NAC Ministry (PP of (NP International Trade and Industry))) official) .)) (TOP (S `` (NP-SBJ-1 We) (VP need (S (NP-SBJ *-1) (VP to (VP clarify (SBAR-NOM (WHNP-188 (WHNP what) (ADVP exactly)) (S (NP-SBJ *T*-188) (VP is (ADJP-PRD wrong (PP with (NP it)))))))))) . '')) (TOP (S-2 (NP-SBJ-1 (NP That process) (PP of (S-NOM (NP-SBJ *) (VP sorting (PRT out) (NP specifics))))) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP take (NP time))))) (PRN , (S (NP-SBJ the Japanese) (VP say (SBAR 0 (S *T*-2)))) ,) (ADVP no matter (SBAR (WHADVP-3 how badly) (S (NP-SBJ the U.S.) (VP wants (NP quick results) (ADVP-MNR *T*-3)))))) .)) (TOP (S (PP For (NP instance)) , (PP-LOC at (NP the first meeting)) (NP-SBJ the two sides) (VP could n't (ADVP even) (VP agree (PP-CLR on (NP (NP basic data) (VP used (NP *) (PP-LOC in (NP price discussions))))))) .)) (TOP (S (PP-TMP Since (NP then)) , (NP-SBJ-1 (NP a team) (PP of (NP (QP about 15) MITI and U.S. Commerce Department officials))) (VP have (VP crossed (NP the globe) (S-ADV (NP-SBJ *-1) (VP gauging (NP consumer prices))))) .)) (TOP (S (PP-TMP By (NP Monday)) , (NP-SBJ-1 they) (VP hope (S (NP-SBJ *-1) (VP to (VP have (NP (NP a sheaf) (PP of (NP (NP documents) (SBAR (WHNP-2 0) (S (NP-SBJ both sides) (VP can (VP trust (NP *T*-2)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (ADVP Little by little) , (NP-SBJ there) (VP is (NP-PRD progress))) , '' (VP says (S *T*-1)) (NP-SBJ the MITI official) .)) (TOP (S `` (NP-SBJ Both sides) (VP are (VP taking (NP action))) . '')) (TOP (S (NP-SBJ Elisabeth Rubinfien) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ (NP worry) (PP *ICH*-1)) (VP grows (PP-1 about (NP (NP big Japanese investments) (PP-LOC in (NP the U.S.))))))) , (NP-SBJ (NP Japan 's) big trading companies) (VP are (ADVP-MNR rapidly) (VP increasing (NP (NP their stake) (PP-LOC in (NP (NP America 's) smaller business))))) .)) (TOP (S (PP For (NP Japan)) , (NP-SBJ the controversial trend) (VP improves (NP (NP access) (PP to (NP American markets and technology)))) .)) (TOP (S But (PP for (NP small American companies)) , (NP-SBJ it) (ADVP also) (VP provides (NP (NP a growing source) (PP of (NP (NP capital) and (ADVP even) (NP marketing help))))) .)) (TOP (S (NP-SBJ *) (VP Take (NP (NP the deal) (PP with (NP (NP Candela Laser Corp.) , (NP (NP a (NAC-LOC Wayland , Mass. ,) manufacturer) (PP of (NP high-tech medical devices))) , (SBAR (WHNP-1 which) (S (ADVP-TMP (NP three years) ago) (NP-SBJ *T*-1) (VP set (NP its sights) (PP-CLR on (NP (NP Japan) (PP as (NP an export market))))))))))) .)) (TOP (S (S-PRP (ADVP Partly) (NP-SBJ-2 *-1) (VP to (VP help (S (NP-SBJ *-2) (VP clear (NP (NP the myriad obstacles) (VP facing (NP (NP any overseas company) (VP trying (S (NP-SBJ *) (VP to (VP penetrate (NP Japan))))))))))))) , (NP-SBJ-1 tiny Candela) (VP turned (PP-DIR to (NP (NP Mitsui & Co.) , (NP (NP one) (PP of (NP (NP Japan 's) largest trading companies))) ,)) (PP-PRP for (NP investment))) .)) (TOP (S (PP-LOC In (NP a joint-venture deal)) , (NP-SBJ Mitsui) (VP guided (NP Candela) (PP-CLR through (NP (NP Tokyo 's) bureaucratic maze))) .)) (TOP (S (NP-SBJ It) (ADVP-TMP eventually) (VP secured (NP (NP (NAC Ministry (PP of (NP Health))) import approval) (PP for (NP (NP two Candela laser products) -- (NP (NP (NP one) (SBAR (WHNP-189 that) (S (NP-SBJ *T*-189) (VP breaks (PRT up) (NP kidney stones))))) and (NP (NP another) (SBAR (WHNP-190 that) (S (NP-SBJ *T*-190) (VP treats (NP skin lesions)))))))))) .)) (TOP (S (PP-TMP At (NP last count)) , (NP-SBJ Candela) (VP had (VP sold (NP (NP (QP $ 4 million) *U*) (PP of (NP its medical devices))) (PP-LOC in (NP Japan)))) .)) (TOP (S (NP-SBJ The deal) (ADVP also) (VP gave (NP Mitsui) (NP (NP access) (PP to (NP a high-tech medical product)))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ They) (VP view (NP this) (PP-CLR as (NP a growth area)))) so (S (NP-SBJ they) (VP went (PP-CLR about (NP it)) (PP-MNR with (NP a systematic approach))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Richard Olsen) , (NP a Candela vice president)) .)) (TOP (S (ADVP Indeed) , (PP for (NP many Japanese trading companies)) , (NP-SBJ the favorite U.S. small business) (VP is (NP-PRD (NP one) (SBAR (WHNP-1 whose research and development) (S (NP-SBJ-117 *T*-1) (VP can (VP be (VP milked (NP *-117) (PP-PRP for (NP future Japanese use))))))))) .)) (TOP (S (NP-SBJ-1 The Japanese companies) (VP bankroll (NP (NP many small U.S. companies) (PP with (NP promising products or ideas))) , (S-ADV (NP-SBJ *-1) (ADVP-TMP frequently) (VP putting (NP their money) (PP-PUT behind (NP (NP projects) (SBAR (WHNP-191 that) (S (NP-SBJ commercial banks) (VP wo n't (VP touch (NP *T*-191)))))))))) .)) (TOP (S (S (NP-SBJ Japanese companies) (VP have (VP financed (NP (ADJP small and medium-sized) U.S. firms))) (PP-TMP for (NP years))) , but (S (PP-TMP in (NP recent months)) , (NP-SBJ the pace) (VP has (VP taken (ADVP-CLR off)))) .)) (TOP (SINV (S-TPC-1 (PP-TMP In (NP (NP the first half) (PP of (NP 1989)) (ADVP alone))) , (NP-SBJ Japanese corporations) (VP invested (NP (NP (QP $ 214 million) *U*) (NP *ICH*-2)) (PP-CLR in (NP (NP minority positions) (PP-LOC in (NP U.S. companies)))) , (NP-2 (NP a (ADJP 61 %) rise) (PP-DIR from (NP (NP the figure) (PP for (NP (NP all) (PP of (NP 1987))))))))) , (VP reports (SBAR 0 (S *T*-1))) (NP-SBJ Venture Economics Inc) .)) (TOP (S (NP-SBJ The (NAC-LOC Needham , Mass. ,) concern) (VP tracks (NP (NP investments) (PP in (NP new businesses)))) .)) (TOP (S (PP In (NP addition)) , (ADVP of course) , (NP-SBJ (NP some) (PP of (NP the Japanese investments))) (VP involved (NP (NP outright purchase) (PP of (NP small U.S. firms)))) .)) (TOP (S (NP-SBJ (NP Heightened Japanese interest) (PP in (NP American small business))) (VP parallels (NP (NP an acceleration) (PP of (NP (NP investments) (VP giving (NP Japanese companies) (NP (NP control) (PP of (NP (NP large , (ADJP highly visible) U.S. corporations) , (PP such as (NP Columbia Pictures Entertainment Inc)))))))))) .)) (TOP (S (NP-TMP Only this week) , (NP-SBJ-118 (NP it) (SBAR *EXP*-1)) (VP was (VP announced (NP *-118) (SBAR-1 that (S (NP-SBJ Mitsubishi Estate Co.) (VP had (VP acquired (NP (NP a (ADJP 51 %) stake) (PP-LOC in (NP (NP Rockefeller Group) , (SBAR (WHNP-192 which) (S (NP-SBJ *T*-192) (VP owns (NP (NP New York 's) prestigious Rockefeller Center))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the small deals) (VP are (ADJP-PRD far less conspicuous)))) , (NP-SBJ they) (VP add (PP-CLR to (NP (NP Japanese penetration) (PP of (NP the U.S. market))))) .)) (TOP (S (SBAR-PRP As (S (NP-SBJ the deals) (ADVP also) (VP improve (NP (NP Japanese access) (PP to (NP American (NX (NX technology) and (NX market knowledge)))))))) , (NP-SBJ they) (VP feed (NP (NP American anxieties) (PP-LOC in (NP (NP this area)))) , (ADVP too)) .)) (TOP (S (NP-SBJ (NP Even a low-tech product) (PP like (NP plate glass))) (VP can (VP catch (NP (NP a trading company 's) fancy) (SBAR-ADV if (S (NP-SBJ there) (VP 's (NP-PRD a strategic fit)))))) .)) (TOP (S (NP-SBJ (NP (NP Free State Glass Industries) (PP of (NP (NP Warrenton) , (NP-LOC Va.)))) , (NP (NP a small fabricator) (PP of (NP architectural glass))) ,) (VP was (VP foundering (PP-LOC under (NP its original management)))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ (NP Mitsubishi International Corp.) , (NP (NP the (ADJP New York-based) arm) (PP of (NP Mitsubishi Corp.))) ,) (VP bought (NP (NP controlling interest) (PP-LOC in (NP the glass company))) (PP-LOC in (NP (NP a joint venture) (PP with (NP (NP Ronald Bodner) , (NP a (NX (NX glass industry executive) and (NX Mitsubishi consultant)))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 The deal) (VP is (ADVP chiefly) (VP designed (NP-3 *-1) (S-CLR (NP-SBJ *-3) (VP to (VP give (NP Mitsubishi) (NP (NP a window) (PP-LOC on (NP the U.S. glass industry)))))))) ,) (VP says (S *T*-2)) (NP-SBJ (NP Ichiro Wakui) , (NP (NP an executive) (PP-LOC in (NP (NP (NP Mitsubishi 's) general merchandise department) (PP-LOC in (NP New York)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's not (NP-PRD (NP just a simple investment) (PP in (NP a small company))))) , '' (NP-SBJ Mr. Wakui) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ-1 We) (VP want (S (NP-SBJ *-1) (VP to (VP see (NP the glass market) (PP-LOC from (NP (NP the inside) , not (NP the outside))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Mitsubishi 's) investment) (PP in (NP Free State))) (VP is `` (UCP-PRD (ADJP-PRD very small) ... (NP-PRD (QP less than $ 4 million) *U*)))) , '' (NP-SBJ Mr. Wakui) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 Mr. Bodner) (VP declines (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the arrangement)))))) .)) (TOP (S (NP-SBJ (NP Trading companies) (PP such as (NP (NP Mitsubishi) , (NP Mitsui) , (NP C. Itoh & Co.) and (NP Nissho-Iwai Corp.))) , (SBAR (WHNP-193 which) (S (NP-SBJ *T*-193) (VP make (NP (NP many) (PP of (NP (NP the Japanese investments) (PP in (NP small U.S. concerns)))))))) ,) (VP have (NP no U.S. counterpart)) .)) (TOP (S (NP-SBJ (NP These (ADJP vertically integrated) combines) , (SBAR (WHNP-1 (NP some) (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP got (NP their start) (PP-TMP in (NP (NP Japan 's) feudal period))))) ,) (VP deal (ADVP-LOC globally) (PP-CLR in (NP commodities , construction and manufacturing))) .)) (TOP (S (NP-SBJ They) (VP operate (NP ships and banks)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ All the `` sogo-shosha '') (VP are (VP looking (PP-CLR for (NP new business))))) , '' (VP says (S *T*-1)) (NP-SBJ-2 (NP Arthur Klauser) , (NP (NP adviser) (PP to (NP (NP the president) (PP of (NP Mitsui , U.S.A.))))) ,) (S (NP-SBJ *-2) (VP using (NP (NP the Japanese term) (PP for (NP (NP the largest) (PP of (NP the global trading houses))))))) .)) (TOP (SINV (VP Adds (S *ICH*-1)) (NP-SBJ (NP Takeshi Kondo) , (NP (NP senior vice president) (PP of (NP C. Itoh America Inc.)))) : `` (S-1 (NP-SBJ We) (VP have (NP (NP a great interest) (PP in (S-NOM (NP-SBJ *) (VP making (NP (NP investments) , (PP (ADVP particularly) in (NP new ventures))))))))) . '')) (TOP (S (NP-SBJ-119 (NP A host) (PP of (NP (NP electronics firms) (PP-LOC in (NP (NP California 's) Silicon Valley))))) (VP were (VP financed (NP *-119) (PP-MNR with (NP trading-company venture capital)))) .)) (TOP (S (NP-SBJ Profit) (PRN , (PP-TMP (ADVP at least) in (NP the short term)) ,) (VP is (ADVP-TMP usually) (NP-PRD a secondary goal)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Strategic objectives) , not (NP financial return) ,) (VP drive (NP (NP many) (PP of (NP the deals))))) , '' (VP says (S *T*-1)) (NP-SBJ a Venture Economics spokesman) .)) (TOP (S (PP In (NP (S-NOM (NP-SBJ *) (VP investing (PP on (NP (NP the basis) (PP of (NP future transactions)))))) , (NP (NP a role) (VP (ADVP-TMP often) performed (NP *) (PP-LGS by (NP merchant banks))))) ,) (NP-SBJ trading companies) (VP can (VP cut (PP-CLR through (NP (NP the logjam) (SBAR (WHNP-1 that) (S (NP-SBJ small-company owners) (ADVP-TMP often) (VP face (NP *T*-1)))) (PP with (NP their local commercial banks)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD (NP the classic problem) (PP of (NP the small businessman))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Malcolm Davies) , (NP (NP managing director) (PP of (NP (NP Trading Alliance Corp.) (PP of (NP New York)))))) .)) (TOP (S `` (S (NP-SBJ-1 People) (VP are (VP queuing (PP-LOC at (NP the door)) (S-PRP (NP-SBJ *-1) (VP to (VP take (NP his product))))))) but (S (S (NP-SBJ he) (VP does n't (VP have (NP (NP the working capital) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP make (NP the thing) (ADVP *T*-2))))))))) and (S (NP-SBJ commercial banks) (VP are (ADJP-PRD very unsympathetic)))) .)) (TOP (S (S (NP-SBJ They) (VP want (NP assets))) , (S (NP-SBJ they) (VP want (NP (NP a balance sheet) , (SBAR (WHNP-194 which) (S (NP-SBJ *T*-194) (VP has (NP (NP no relation) (PP to (NP (NP the business) (SBAR (WHNP-1 0) (S (NP-SBJ a company) (VP can (VP generate (NP *T*-1)))))))))))))) . '')) (TOP (SINV (VP Adds (S *ICH*-1)) (NP-SBJ (NP Mitsui 's) Mr. Klauser) : `` (S-1 (PP Unlike (NP (NP corporations) (PP-LOC in (NP this country)))) , (NP-SBJ trading companies) (VP are n't (ADJP-PRD (ADJP (ADVP so much) interested (PP in (NP (NP a high return) (PP on (NP investment))))) (SBAR as (S (NP-SBJ they) (VP are (ADJP-PRD *?*) (PP on (S-NOM (NP-SBJ *) (VP increasing (NP trade flows)))))))))) .)) (TOP (S (PP To (NP (NP the extent) (SBAR (WHADVP-3 0) (S (NP-SBJ they) (VP can (VP do (NP this) (ADVP *T*-3))))))) , (NP-SBJ-1 they) (VP 're (ADJP-PRD quite content (S (NP-SBJ *-1) (VP to (VP get (NP (NP a return) (PP on (NP investment)) (PP of (NP (QP 1 % to 2 %) *U*)))))))) . '')) (TOP (S (NP-SBJ Mr. Klauser) (VP says (SBAR 0 (S (S (NP-SBJ Mitsui) (VP has (NP (NP 75 U.S. subsidiaries) (SBAR-LOC (WHPP-1 in (WHNP which)) (S (NP-SBJ it) (VP holds (NP (NP (ADJP 35 %) interest (QP or more)) (PP-LOC *T*-1)))))))) and (S (NP-SBJ-2 the trading company) (VP hopes (S (NP-SBJ *-2) (VP to (VP double (NP (NP the number) (PP of (NP its U.S. affiliates))) (PP-TMP in (NP 1990)))))))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP by (NP these subsidiaries))) (PP-TMP in (NP (NP the fiscal year) (VP ending (NP-TMP last March)))) (VP were (NP-PRD (QP more than $ 17 billion) *U*)) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP A (ADJP (QP 1 % to 2 %) *U*) return) (PP on (NP (QP $ 17 billion) *U*))) `` (VP ai n't (NP-PRD hay))) , '' (NP-SBJ Mr. Klauser) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP (NP Hudson General Corp. 's) president and chief executive officer) , (NP Alan J. Stearn) ,) (VP resigned) .)) (TOP (S (NP-SBJ-120 (NP Mr. Stearn) , (ADJP (NP 46 years) old) ,) (VP could n't (VP be (VP reached (NP *-120) (PP-PRP for (NP comment))))) .)) (TOP (S (NP-SBJ-1 A company spokesman) (VP declined (S (NP-SBJ *-1) (VP to (VP elaborate (PP-CLR on (NP the departure)))))) .)) (TOP (S (NP-SBJ (NP Hudson General) , (SBAR (WHNP-195 which) (S (NP-SBJ *T*-195) (VP provides (NP (NP maintenance) , (NP fueling) and (NP other services)) (PP-CLR to (NP airlines and airports))))) ,) (VP (VP reported (NP (NP a loss) (PP for (NP its (ADJP most recent) fiscal year)))) and (VP (NP-TMP last month) omitted (NP (NP the semiannual dividend) (PP on (NP its common shares))))) .)) (TOP (S (NP-SBJ (NP Mr. Stearn) , (SBAR (WHNP-196 who) (S (NP-SBJ *T*-196) (VP (VP had (VP been (PP-PRD with (NP the company)) (NP-TMP (QP more than 20) years))) and (VP had (VP been (NP-PRD president) (PP-TMP since (NP 1984))))))) ,) (VP will (VP act (PP-CLR as (NP (NP a consultant) (PP to (NP Hudson General)))))) .)) (TOP (S (NP-SBJ-121 (NP His duties) (PP as (NP chief executive))) (VP will (VP be (VP assumed (NP *-121) (PP by (NP-LGS Chairman Jay B. Langner))))) .)) (TOP (S (PP-TMP For (NP 10 years)) , (NP-SBJ Genie Driskill) (VP went (PP-DIR to (NP her neighborhood bank)) (SBAR-PRP because (S (NP-SBJ it) (VP was (ADJP-PRD convenient))))) .)) (TOP (S (S-ADV (NP-SBJ *-4) (NP-PRD (NP A high-balance customer) (SBAR (WHNP-1 that) (S (NP-SBJ banks) (VP pine (PP-CLR for (NP *T*-1))))))) , (NP-SBJ-4 she) (VP did n't (VP give (NP much thought) (PP-DTV (PP to (NP (NP the rates) (SBAR (WHNP-2 0) (S (NP-SBJ she) (VP was (VP receiving (NP *T*-2))))))) , nor (PP to (NP (NP the fees) (SBAR (WHNP-3 0) (S (NP-SBJ she) (VP was (VP paying (NP *T*-3)))))))))) .)) (TOP (S But (PP-TMP in (NP August)) , (NP-SBJ First Atlanta National Bank) (VP introduced (NP (NP its (NP Crown Account)) , (NP (NP a package) (VP designed (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP lure (NP (NP customers) (PP such as (NP Ms. Driskill)))))))))) .)) (TOP (S (PP-LOC Among (NP other things)) , (NP-SBJ it) (VP included (NP (NP (NP (NP checking) , (NP safe deposit box) and (NP credit card)) (PRN -- (NP (NP all) (PP for (ADJP free))) --)) plus (NP (NP a good deal) (PP on (NP installment loans))))) .)) (TOP (S (NP-SBJ (NP All) (SBAR (WHNP-1 0) (S (NP-SBJ-2 she) (VP had (S (NP-SBJ *-2) (VP to (VP do (NP *T*-1)))))))) (VP was (VP (VP put (NP $ 15,000 *U*) (PP-PUT in (NP (NP a certificate) (PP of (NP deposit))))) , or (VP qualify (PP-CLR for (NP (NP a (ADJP $ 10,000 *U*) personal line) (PP of (NP credit))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP deserve (NP something) (PP-PRP for (NP my loyalty)))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ She) (VP took (NP her business) (PP-DIR to (NP First Atlanta))) .)) (TOP (S (ADVP-MNR So) (NP-SBJ it) (VP goes (PP-LOC in (NP (NP the competitive world) (PP of (NP consumer banking)))) (NP-TMP these days)) .)) (TOP (S (PP-TMP For (NP nearly a decade)) , (NP-SBJ banks) (VP have (VP competed (PP-CLR for (NP customers)) (PP-MNR (ADVP primarily) with (NP (NP the interest rates) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP (VP pay (NP *T*-1) (PP-CLR on (NP their deposits))) and (VP charge (NP *T*-1) (PP-CLR on (NP their loans)))))))))) .)) (TOP (S (NP-SBJ-1 The competitive rates) (VP were (ADVP generally) (VP offset (NP *-1) (PP by (NP-LGS (NP hefty fees) (PP on (NP various services)))))) .)) (TOP (S But (NP-SBJ many banks) (VP are (VP turning (ADVP-DIR away) (PP-DIR from (NP strict price competition)))) .)) (TOP (S (ADVP Instead) , (NP-SBJ-1 they) (VP are (VP trying (S (NP-SBJ-2 *-1) (VP to (VP build (NP customer loyalty) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP (VP bundling (NP their services) (PP-CLR into (NP packages))) and (VP targeting (NP them) (PP-CLR to (NP (NP small segments) (PP of (NP the population))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ You) (VP 're (ADJP-PRD dead (PP-LOC in (NP the water))) (SBAR-ADV if (S (NP-SBJ you) (VP are n't (VP segmenting (NP the market))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Anne Moore) , (NP (NP president) (PP of (NP (NP Synergistics Research Corp.) , (NP (NP a bank consulting firm) (PP-LOC in (NP Atlanta))))))) .)) (TOP (S (NP-SBJ (NP NCNB Corp.) (PP of (NP (NP Charlotte) , (NP-LOC N.C.) ,))) (ADVP-TMP recently) (VP introduced (NP (NP its Financial Connections Program) (VP aimed (NP *) (PP-CLR at (NP (NP young adults) (VP (ADVP just) starting (NP careers))))))) .)) (TOP (S (NP-SBJ The program) (VP (CONJP not only) (VP offers (NP (NP a pre-approved car loan) (NP (QP up to $ 18,000) *U*))) , but (VP throws (PRT in) (NP (NP a special cash-flow statement) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP help (PP-CLR in (S-NOM (NP-SBJ *) (VP saving (NP money))))))))))) .)) (TOP (S (PP-TMP In (NP September)) , (NP-SBJ (NP Union Planters Corp.) (PP of (NP (NP Memphis) , (NP-LOC Tenn.) ,))) (VP launched (NP (NP The Edge account) , (NP (NP a package) (VP designed (NP *) (PP-CLR for (NP the `` thirtysomething '' crowd))) (PP with (NP (NP services) (SBAR (WHNP-197 that) (S (NP-SBJ *T*-197) (VP include (NP (NP (NP a (NX (NX credit card) and (NX (NX line) (PP of (NP credit))))) (PP with (NP no annual fees))) , and (NP (NP a full percentage point) (ADVP off) (PP on (NP installment loans)))))))))))) .)) (TOP (FRAG (NP The theory) : (S (S (NP-SBJ (NP Such individuals) , (NP (NP many) (PP with (NP young children))) ,) (VP are (PP-LOC-PRD in (NP their prime borrowing years)))) -- and , (S (S-ADV (NP-SBJ *-1) (VP having (VP borrowed (PP-CLR from (NP the bank))))) , (NP-SBJ-1 they) (VP may (VP continue (S (NP-SBJ *-1) (VP to (VP use (NP it) (PP-PRP for (NP other services)) (PP-TMP in (NP later years))))))))) .)) (TOP (S (PP-TMP For (NP some time)) , (NP-SBJ banks) (VP have (VP been (VP aiming (NP packages) (PP-CLR at (NP (NP the elderly) , (NP (NP the demographic segment) (PP with (NP the highest savings)))))))) .)) (TOP (S (NP-SBJ-1 Those efforts) (VP are (VP being (VP stepped (PRT up) (NP *-1)))) .)) (TOP (S (NP-SBJ (NP Judie MacDonald) , (NP (NP vice president) (PP of (NP retail sales)) (PP-LOC at (NP (NP Barnett Banks Inc.) (PP of (NP (NP Jacksonville) , (NP-LOC Fla.) ,)))))) (VP says (SBAR 0 (S (NP-SBJ-1 the company) (ADVP-TMP now) (VP targets (NP (NP sub-segments) (PP-LOC within (NP the market))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP tailoring (NP its popular Seniors Partners Program) (PP-CLR to (NP various life styles))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP Varying age) , (NP geography) and (NP life-style differences)) (VP create (NP numerous sub-markets))) , '' (NP-SBJ Ms. MacDonald) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ She) (VP says (SBAR 0 (S (NP-SBJ-2 individual Barnett branches) (VP can (VP add (NP (NP different benefits) (PP *ICH*-1)) (PP-CLR to (NP their Seniors Partners package)) -- (PP-1 such as (NP (NP athletic activities) or (NP travel clubs))) -- (S-PRP (NP-SBJ *-2) (VP to (VP appeal (PP-CLR to (NP local market interests)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP An active 55-year-old) (PP-LOC in (NP Boca Raton))) (VP may (VP care (ADVP more) (PP-CLR about (NP Senior Olympic games)) , (SBAR-ADV while (S (NP-SBJ (NP a 75-year-old) (PP-LOC in (NP Panama City))) (VP may (VP care (ADVP more) (PP-CLR about (NP (NP a seminar) (PP on (NP health))))))))))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Banks) (VP have (VP tried (NP packaging) (ADVP-TMP before))) .)) (TOP (S (PP-TMP In (NP 1973)) , (NP-SBJ (NP Wells Fargo & Co.) (PP of (NP San Francisco))) (VP launched (NP (NP the Gold Account) , (SBAR (WHNP-198 which) (S (NP-SBJ *T*-198) (VP included (NP (NP free checking) , (NP a credit card) , (NP safe-deposit box) and (NP travelers checks)) (PP for (NP a (ADJP $ 3 *U*) monthly fee))))))) .)) (TOP (S (S (NP-SBJ The concept) (VP begot (NP (NP a slew) (PP of (NP copycats))))) , but (S (NP-SBJ-1 the banks) (VP stopped (S (NP-SBJ *-1) (VP promoting (NP the packages))))) .)) (TOP (NP (NP One big reason) : (NP thin margins) .)) (TOP (S (NP-SBJ-1 (NP Many banks) , (ADVP particularly) (NP smaller ones) ,) (VP (VP were (ADJP-PRD slow (S (NP-SBJ *-1) (VP to (VP computerize))))) and (VP could n't (VP target (NP (NP market niches) (SBAR (WHNP-199 that) (S (NP-SBJ *T*-199) (VP would (VP have (VP made (S (NP-SBJ the programs) (ADJP-PRD more profitable))))))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ-122 (NP banks ') earnings) (VP were (VP squeezed (NP *-122) (PP-TMP in (NP the mid-1970s)))))) , (NP-SBJ the emphasis) (VP switched (PP-CLR to (S-NOM (NP-SBJ *) (VP finding (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP cut (NP costs) (ADVP-MNR *T*-1)))))))))) .)) (TOP (S But (ADVP-TMP now) (NP-SBJ computers) (VP are (VP enabling (S (NP-SBJ more banks) (VP to (VP analyze (NP their customers) (PP-MNR by (NP age , income and geography))))))) .)) (TOP (S (NP-SBJ-1 They) (VP are (ADJP-PRD better able (S (NP-SBJ *-1) (VP to (VP get (PP-CLR to (NP those segments)) (PP-LOC in (NP (NP the wake) (PP of (NP (NP the deregulation) (SBAR (WHNP-200 that) (S (NP-SBJ *T*-200) (VP began (PP-TMP in (NP the late 1970s)))))))))))))) .)) (TOP (S (NP-SBJ Deregulation) (VP has (ADVP effectively) (VP (VP removed (NP (NP all restrictions) (PP on (SBAR-NOM (WHNP-201 what) (S (NP-SBJ banks) (VP can (VP pay (NP *T*-201) (PP-CLR for (NP deposits))))))))) , (CONJP as well as) (VP opened (PRT up) (NP the field) (PP for (NP (NP new products) (PP such as (NP high-rate CDs))))))) .)) (TOP (S (SBAR-LOC (WHADVP-2 Where) (S (NP-SBJ a bank) (ADVP-TMP once) (VP offered (NP a standard passbook savings account) (ADVP-LOC *T*-2)))) , (NP-SBJ-1 it) (VP began (S (NP-SBJ *-1) (VP (VP offering (NP (NP money-market accounts) , (NP (NP certificates) (PP of (NP deposit))) and (NP interest-bearing checking))) , and (VP staggering (NP rates) (PP based (PP on (NP (NP the size) (PP of (NP deposits))))))))) .)) (TOP (S (NP-SBJ The competition) (VP has (VP grown (ADJP-PRD more intense) (SBAR-TMP as (S (NP-SBJ (NP bigger banks) (PP such as (NP (NP (NP Norwest Corp.) (PP of (NP Minneapolis))) and (NP (NP Chemical Banking Corp.) (PP of (NP New York)))))) (VP extend (NP their market-share battles) (PP-CLR into (NP (NP small towns) (PP-LOC across (NP the nation))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-TMP Today) , (NP-SBJ a banker) (VP is (VP worrying (PP-CLR about (NP (NP (ADJP local , regional and money-center) -LCB- banks -RCB-) , (CONJP as well as) (NP (NP thrifts) and (NP credit unions))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Ms. Moore) (PP-LOC at (NP Synergistics Research))) .)) (TOP (S `` So (NP-SBJ-1 (NP people) (SBAR (WHNP-202 who) (S (NP-SBJ *T*-202) (VP were n't (ADVP even) (VP thinking (PP-CLR about (NP targeting)) (ADVP-TMP (NP 10 years) ago)))))) (VP are (VP scrambling (S (NP-SBJ *-1) (VP to (VP define (NP their customer base)))))) . '')) (TOP (S (NP-SBJ The competition) (VP has (VP cultivated (NP a (ADJP much savvier) consumer))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The average household) (VP will (VP spread (NP 19 accounts) (PP-DIR over (NP a dozen financial institutions))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Michael P. Sullivan) , (SBAR (WHNP-203 who) (S (NP-SBJ *T*-203) (VP runs (NP his own bank consulting firm) (PP-LOC in (NP (NP Charlotte) , (NP-LOC N.C))))))) .)) (TOP (S `` (NP-SBJ This much fragmentation) (VP makes (S (S-NOM-SBJ (NP-SBJ *) (VP attracting and keeping (NP (NP today 's) rate-sensitive customers))) (ADJP-PRD costly))) . '')) (TOP (S (NP-SBJ-1 Packages) (VP encourage (NP loyalty) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP rewarding (NP customers) (PP-CLR for (S-NOM (NP-SBJ *) (VP doing (NP (NP the bulk) (PP of (NP their banking))) (PP-LOC in (NP one place))))))))) .)) (TOP (S (PP For (NP their troubles)) , (NP-SBJ the banks) (VP get (NP (NP a larger captive audience) (SBAR (WHNP-204 that) (S (NP-SBJ-1 *T*-204) (VP is (ADJP-PRD less likely (S (NP-SBJ *-1) (VP to (VP move (PP-TMP at (NP (NP the drop) (PP of (NP a rate))))))))))))) .)) (TOP (S-2 (NP-ADV (NP The more accounts) (SBAR (WHNP-1 0) (S (NP-SBJ customers) (VP have (NP *T*-1))))) (PRN , (NP-SBJ Mr. Sullivan) (VP says (SBAR 0 (S *T*-2))) ,) (NP-ADV the (ADJP more likely)) (NP-SBJ-3 they) (VP are (S (S (NP-SBJ-123 *-3) (VP to (VP be (VP attracted (NP *-123) (PP-CLR to (NP a package)))))) -- and (S (NP-SBJ *-3) (VP to (VP be (ADJP-PRD loyal (PP to (NP (NP the bank) (SBAR (WHNP-205 that) (S (NP-SBJ *T*-205) (VP offers (NP it)))))))))))) .)) (TOP (S (NP-SBJ That) (VP can (VP pay (PRT off) (PP-TMP down (NP the road)) (SBAR-ADV as (S (NP-SBJ (NP customers) , (ADVP especially) (NP the younger ones) ,) (VP change (PP-CLR from (NP borrowers)) (PP-CLR to (NP savers/investors))))))) .)) (TOP (S (NP-SBJ Packaging) (VP has (NP some drawbacks)) .)) (TOP (S (NP-SBJ The additional (NX (NX technology) , (NX personnel training) and (NX promotional effort))) (VP can (VP be (ADJP-PRD expensive))) .)) (TOP (S (NP-SBJ-1 Chemical Bank) (VP spent (NP (QP more than $ 50 million) *U*) (S-PRP (NP-SBJ *-1) (VP to (VP introduce (NP (NP its ChemPlus line) , (NP (NP several packages) (VP aimed (NP *) (PP-CLR at (NP different segments)))) ,)))) (PP-TMP in (NP 1986)) , (PP according (PP to (NP (NP Thomas Jacob) , (NP (NP senior vice president) (PP of (NP marketing))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP It) (S *EXP*-1)) (VP 's not (ADJP-PRD easy) (S-1 (NP-SBJ *) (VP to (VP (VP roll (PRT out) (NP (NP something) (ADJP that comprehensive))) , and (VP make (S (NP-SBJ it) (VP pay)))))))) , '' (NP-SBJ Mr. Jacob) (VP says (S *T*-2)) .)) (TOP (S (ADVP Still) , (NP-SBJ bankers) (VP expect (S (NP-SBJ packaging) (VP to (VP flourish))) , (SBAR-PRP (ADVP primarily) because (S (NP-SBJ more customers) (VP are (VP demanding (SBAR that (S (NP-SBJ-124 financial services) (VP be (VP tailored (NP *-124) (PP-CLR to (NP their needs))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-TMP These days) , (NP-SBJ-1 banking customers) (VP walk (PP-DIR in (NP the door)) (S-ADV (NP-SBJ *-1) (VP expecting (S (NP-SBJ you) (VP to (VP have (NP (NP a package) (PP (ADVP especially) for (NP them)))))))))) , '' (NP-SBJ Ms. Moore) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ Some banks) (VP are (ADVP-TMP already) (VP moving (PP-DIR in (NP that direction)) , (PP according (PP to (NP (NP Alvin T. Sale) , (NP (NP marketing director) (PP-LOC at (NP (NP First Union Corp.) (PP-LOC in (NP Charlotte)))))))))) .)) (TOP (S-1 (NP-SBJ First Union) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (ADVP-TMP now) (VP has (NP (NP packages) (PP for (NP seven customer groups)))) .)) (TOP (S (ADVP-TMP Soon) , (NP-SBJ it) (VP will (VP split (NP those) (PP-CLR into (NP 30)))) .)) (TOP (S (VP Says (S *ICH*-1)) (NP-SBJ Mr. Sale) : `` (S-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-2 more banks) (VP are (VP starting (S (NP-SBJ *-2) (VP to (VP realize (SBAR that (S (NP-SBJ-3 we) (VP have (S (NP-SBJ *-3) (VP to (VP be (PP-PRD (ADVP more) like (NP (NP the department store) , not (NP the boutique)))))))))))))))))) . '')) (TOP (NP-HLN IRAs .)) (TOP (S (NP-SBJ SHAREDATA Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP amend (NP (NP a registration statement) (VP filed (NP *) (PP-CLR with (NP the Securities and Exchange Commission)))) (S-PRP (NP-SBJ *-1) (VP to (VP delete (NP a plan (S (NP-SBJ *) (VP to (VP sell (NP 500,000 (ADJP newly issued) common shares))))))))))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Chandler , Ariz. ,) company) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP resubmit (NP (NP the registration) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP cover (NP (NP only the (QP 2.3 million) warrants) , (NP (NP each) (ADJP exercisable (PP for (NP (NP the purchase) (PP of (NP one common share))))))))))))))))) .)) (TOP (S (NP-TMP Currently) , (NP-SBJ ShareData) (VP has (NP (NP (QP about 4.1 million) common shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ ShareData) (VP develops and markets (NP (NP low-cost (NX (NX software) , (NX peripheral equipment) and (NX accessories))) (PP for (NP computers)))) .)) (TOP (NP-HLN (NP Five things) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP can (VP do (NP *T*-1) (PP-CLR for (NP $ 15,000 *U* (QP or less))))))) :)) (TOP (S (LST 1 .) (NP-SBJ *) (VP Buy (NP a new Chevrolet)) .)) (TOP (S (LST 2 .) (NP-SBJ *) (VP Take (NP a Hawaiian vacation)) .)) (TOP (S (LST 3 .) (NP-SBJ *) (VP Send (NP your child) (PP-DIR to (NP a university))) .)) (TOP (S (LST 4 .) (NP-SBJ *) (VP Buy (NP a diamond necklace)) .)) (TOP (S (LST 5 .) (NP-SBJ *) (VP Make (NP (NP a lasting difference) (PP-LOC in (NP (NP the regulatory life) (PP of (NP an American savings-and-loan association))))) (PP through (NP the Foster Corporate Parents Plan))) .)) (TOP (S (S (NP-SBJ Americans) (NP-TMP today) (VP spend (NP $ 15,000 *U*) (PP-MNR like (NP pocket change)))) -- (S (NP-SBJ they) (VP do n't (VP think (NP much) (PP-CLR about (NP it))))) .)) (TOP (S But (PP for (NP (NP an ailing savings-and-loan association) (PRN -- (VP teetering (PP-LOC on (NP insolvency))) --))) (NP-SBJ it) (VP can (VP lead (PP-DIR (PP to (NP (NP safety) (PP from (NP imminent demise)))) and (PP to (NP (NP a future) (ADJP full (PP of (NP promise)))))))) .)) (TOP (S (NP-SBJ-1 Your $ 15,000 *U*) (VP will (VP help (S (NP-SBJ *-1) (VP keep (S (NP-SBJ a needy savings and loan) (UCP-PRD (ADJP solvent) -- and (PP out (PP of (NP the federal budget deficit))))))))) .)) (TOP (S (PP As (NP a Foster Corporate Parent)) , (NP-SBJ you) (VP 'll (VP be (VP helping (NP a neighborhood S&L) (PP-LOC in (NP (NP areas) (ADJP crucial (PP to (NP its survival)))))))) .)) (TOP (PP Like (NP healthy regulatory capital) .)) (TOP (NP A steady deposit base .)) (TOP (NP Performing loans .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ you) (VP 'll (VP give (NP your Foster Savings Institution) (NP (NP (NP the gift) (PP of (NP hope))) and (NP (NP freedom) (PP from (NP (NP the federal regulators) (SBAR (WHNP-206 who) (S (NP-SBJ-1 *T*-206) (VP want (S (NP-SBJ *-1) (VP to (VP close (NP its doors) -- (PP-TMP for (NP good)))))))))))))) .)) (TOP (S (PP As (NP a Foster Corporate Parent)) , (NP-SBJ you) (VP will (VP experience (NP (NP the same joy) (VP felt (NP-PRD *) (PP by (NP-LGS (NP (NP Robert Bass) , (NP Lewis Ranieri) , (NP William Simon) and (NP others)) , (SBAR (WHNP-207 who) (S (NP-SBJ *T*-207) (VP find (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP help (S (NP-SBJ (NP troubled savings institutions) and (NP their employees)) (VP help (NP themselves))) (ADVP-MNR *T*-1))))))))))))))) .)) (TOP (S (NP-SBJ That) (VP builds (NP (NP confidence) , (NP self sufficiency) , (CONJP not to mention) (NP critical regulatory net worth))) .)) (TOP (S (S (NP-SBJ *) (VP Do n't (VP wait))) -- (S (NP-SBJ a savings institution) (VP needs (NP your help) (ADVP-TMP now))) !)) (TOP (S (NP-TMP (NP Every day) (SBAR (WHADVP-1 0) (S (NP-SBJ you) (VP delay (ADVP-TMP *T*-1))))) , (NP-SBJ (NP (NP a savings institution 's) health) (PRN -- and (NP the federal budget deficit) --)) (VP grows (ADJP-PRD worse)) .)) (TOP (S (NP-SBJ *) (VP Think (PP-CLR about (NP (NP the good) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP can (VP do (NP *T*-1) (PP-CLR for (NP (NP (NP (QP just $ 15,000) *U*) (NP-ADV a month)) , (NP (NP about the cost) (PP of (NP (NP a mid-size Chevrolet) or (NP (NP two semesters) (PP-LOC at (NP a state university))))))))))))))) .)) (TOP (S Then (NP-SBJ *) (VP send (NP your support) (PP-DIR to (NP (NP a savings institution) (SBAR (WHNP-208 that) (S (NP-SBJ *T*-208) (VP has (VP taken (NP a bad rap) (PP-LOC (PP in (NP the press)) and (PP on (NP its bottom line)))))))))) .)) (TOP (S (NP-SBJ (NP Every $ 15,000 *U*) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP send (NP *T*-1))))) (VP will (VP go (NP a long way) (S-CLR (NP-SBJ *) (VP to (VP (VP boost (NP sagging (NX (NX net worth) and (NX employee morale)))) -- and (VP keep (NP-SBJ your Foster Savings Institution) (PP-LOC-CLR off (NP the federal budget deficit)))))))) !)) (TOP (S (NP-SBJ Mr. Baris) (VP is (NP-PRD (NP a lawyer) (PP-LOC in (NP New York)))) .)) (TOP (S (NP-SBJ The Chicago Mercantile Exchange) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP institute (NP (NP an additional `` circuit breaker '') (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP stemming (NP market slides))))))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ John Phelan) (VP told (NP (NP a closed House subcommittee meeting) (PP-LOC in (NP Washington))) (SBAR that (S (NP-SBJ he) (VP would (VP support (NP (NP Securities and Exchange Commission halts) (PP of (NP program trading)) (PP-TMP during (NP market emergencies)))))))) .)) (TOP (S But (NP-SBJ-1 the New York Stock Exchange chairman) (VP said (SBAR 0 (S (NP-SBJ he) (VP does n't (VP support (S (NP-SBJ *) (VP reinstating (NP a `` collar '') (PP-CLR on (NP program trading)))))))) , (S-ADV (NP-SBJ *-1) (VP arguing (SBAR that (S (NP-SBJ firms) (VP could (VP get (PP-CLR around (NP such a limit))))))))) .)) (TOP (S (NP-SBJ The Chicago Merc) (VP said (SBAR 0 (S (NP-SBJ a new one-hour price limit) (VP would (VP take (NP effect) (PP-LOC in (NP its (NP Standard & Poor 's) 500 stock-index futures pit)) (SBAR-TMP once (S (NP-SBJ S&P 500 futures) (VP fell (NP-EXT (NP 20 index points) -- (NP (NP the equivalent) (PP of (NP (NP about a 150-point drop) (PP-LOC in (NP the Dow Jones Industrial Average)))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-125 the 20-point limit) (VP is (VP triggered (NP *-125) (PP-TMP after (NP (NP 1:30 p.m .) (NP Chicago time))))))) , (NP-SBJ it) (VP would (VP remain (PP-PRD in (NP effect)) (PP-TMP until (NP (NP the normal close) (PP of (NP trading)) (PP-TMP at (NP 3:15 p.m)))))) .)) (TOP (S (SBAR-ADV With (S (NP-SBJ the limit) (PP-PRD in (NP effect)))) , (NP-SBJ-1 members) (VP would (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP execute (NP trades) (PP-LOC (PP at (NP the limit price)) or (PP at (NP higher prices)) , but not (PP below (NP it))))))))) .)) (TOP (S (NP-SBJ The exchange) (VP said (SBAR 0 (S (NP-SBJ it) (VP decided (SBAR 0 (S (NP-SBJ-126 a new circuit breaker) (VP was (VP needed (NP *-126) (PP-TMP following (NP (NP a review) (PP of (NP (NP the tumultuous trading) (PP-LOC in (NP (NP stocks) and (NP stock-index futures))) (PP-TMP on (NP (NP (NP Friday) (NP Oct. 13)) , (SBAR-TMP (WHADVP-1 when) (S (S (NP-SBJ the Dow Jones industrials) (VP plunged (NP-EXT 190 points) (ADVP-TMP *T*-1))) and (S (NP-SBJ stock-index futures prices) (VP skidded (ADVP as well) (ADVP-TMP *T*-1))))))))))))))))))) .)) (TOP (S (ADVP-TMP Late) (NP-TMP that afternoon) (NP-SBJ-1 the S&P 500 stock-index futures contract) (VP fell (NP-EXT (NP a total) (PP of (NP 30 index points))) , (S-ADV (NP-SBJ *-1) (VP hitting (NP (NP a Merc circuit breaker limit) (SBAR (WHNP-210 that) (S (NP-SBJ *T*-210) (VP remained (PP-PRD in (NP effect)) (PP-TMP for (NP (NP the rest) (PP of (NP the trading session))))))))))) .)) (TOP (S (NP-SBJ The Merc) (VP said (SBAR that (S (NP-SBJ (NP its existing 30-minute , 12-point limit) (PP on (NP S&P 500 stock-index futures trading)) (PRN -LRB- (ADJP equal (PP to (NP (NP (QP about 100) points) (PP-LOC on (NP the Dow Jones industrials))))) -RRB-) , (SBAR (WHNP-1 which) (S (NP-SBJ-127 *T*-1) (VP was (VP triggered (NP *-127) (NP-TMP Oct. 13))))) ,) (VP will (VP remain (PP-PRD in (NP effect))))))) .)) (TOP (S (NP-SBJ (NP Leo Melamed) , (NP Merc executive committee chairman) ,) (VP said (SBAR that (S (NP-SBJ-1 the 12-point limit) (VP appeared (S (NP-SBJ *-1) (VP to (VP lessen (NP the selling panic) (NP-TMP Oct. 13)))))))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the contract) (VP reopened (ADVP-TMP *T*-1)))) , (NP-SBJ (NP the subsequent flood) (PP of (NP sell orders)) (SBAR (WHNP-211 that) (S (NP-SBJ *T*-211) (ADVP-TMP quickly) (VP knocked (NP the contract) (PRT down) (PP-DIR to (NP the 30-point limit)))))) (VP indicated (SBAR that (S (NP-SBJ-128 (NP the intermediate limit) (PP of (NP 20 points))) (VP was (VP needed (NP *-128) (S-PRP (NP-SBJ *-128) (VP to (VP help (VP keep (S (NP-SBJ (NP stock) and (NP stock-index futures prices)) (ADJP-PRD synchronized))))))))))) .)) (TOP (S (NP-SBJ Several traders) (VP maintained (SBAR that (S (NP-SBJ-1 (NP the Merc 's) 12-point circuit-breaker) (VP aggravated (NP (NP the market slide) (NP-TMP Oct. 13)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP directing (NP additional selling pressure) (PP-DIR to (NP (NP the floor) (PP of (NP the New York Stock Exchange))))))))))) .)) (TOP (S (NP-SBJ (NP All) (PP of (NP the changes))) (VP require (NP (NP regulatory approval) , (SBAR (WHNP-1 which) (S (NP-SBJ-129 *T*-1) (VP is (VP expected (NP *-129) (ADVP-TMP shortly))))))) .)) (TOP (S (S (NP-SBJ The exchange) (ADVP also) (VP said (SBAR that (S (NP-SBJ (NP the 30-point circuit breaker) , (SBAR (WHNP-212 which) (S (NP-SBJ *T*-212) (ADVP-TMP currently) (VP provides (NP only a one-hour respite) (PP-TMP during (NP market sell-offs))))) ,) (VP will (VP become (NP-PRD (NP the maximum one-day limit) (PP for (NP the S&P 500 stock-index futures contract))))))))) ; (S (NP-SBJ the one-day limit) (ADVP-TMP now) (VP is (NP-PRD 50 index points))) .)) (TOP (S (NP-SBJ-130 (NP A final modification) (PP *ICH*-1)) (VP was (VP made (NP *-130) (PP-1 to (NP (NP the five-point opening limit) (PP for (NP the contract)))))) .)) (TOP (S (NP-SBJ The Merc) (VP said (SBAR 0 (S (NP-SBJ that five-point limit) (VP will (VP remain (PP-PRD in (NP effect)) (PP-TMP for (NP (NP the first 10 minutes) (PP of (NP trading))))))))) .)) (TOP (S (NP-SBJ The limit) (VP lapses (PP-LOC under (NP current exchange rules)) (SBAR-ADV if (S (NP-SBJ contracts) (VP trade (PP-LOC above (NP the limit price)) (PP-TMP during (NP (NP the opening 10 minutes) (PP of (NP trading)))))))) .)) (TOP (S (PP-LOC In (NP Washington)) , (NP-SBJ House aides) (VP said (SBAR 0 (S (NP-SBJ Mr. Phelan) (VP told (NP congressmen) (SBAR that (S (NP-SBJ (NP the collar) , (SBAR (WHNP-213 which) (S (NP-SBJ *T*-213) (VP banned (NP (NP program trades) (PP through (NP (NP the Big Board 's) computer))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the Dow Jones Industrial Average) (VP moved (NP-EXT 50 points) (ADVP-TMP *T*-1))))))) ,) (VP did n't (VP work (ADVP-MNR well))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (NP-SBJ firms) (VP could (VP get (PP-CLR around (NP the collar)) (PP-MNR by (S-NOM (NP-SBJ *) (VP executing (NP trades) (ADVP-MNR manually))))))))) .)) (TOP (S (PP-LOC In (NP a post-hearing news conference)) , (NP-SBJ (NP Mr. Phelan) , (SBAR (WHNP-214 who) (S (NP-SBJ *T*-214) (VP has (ADVP-MNR publicly) (VP expressed (NP (NP concern) (PP about (NP market volatility))))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP told (NP the House finance and telecommunications subcommittee) (SBAR that (S (NP-SBJ he) (VP would (VP support (NP the program-trading halt proposal) `` (S-ADV (NP-SBJ *) (VP providing (SBAR 0 (S (NP-SBJ the SEC) (VP would (VP be (ADJP-PRD comfortable (PP with (NP (NP the language) '' (PP-LOC in (NP a bill))))))))))))))))))) .)) (TOP (S (S (NP-SBJ The program-trading issue) (VP is (VP heating (PRT up) (PP-LOC on (NP Capitol Hill)) (SBAR-MNR as (S (NP-SBJ it) (VP is (VP *?* (PP-LOC on (NP Wall Street))))))))) , and (S (NP-SBJ-2 several legislators) (VP want (S (NP-SBJ *-2) (VP to (VP grant (NP the SEC) (NP the power (S (NP-SBJ *) (VP to (VP shut (PRT off) (NP the programs) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ trading) (VP becomes (ADJP-PRD too volatile) (ADVP-TMP *T*-3))))))))))))) .)) (TOP (S (NP-SBJ SEC Chairman Richard Breeden) (VP has (VP said (SBAR 0 (S (S (NP-SBJ-1 he) (VP would (VP be (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP consider (NP (NP circuit breakers) (SBAR (WHNP-215 that) (S (NP-SBJ *T*-215) (VP have (NP preset trigger points)))))))))))) , but (S (NP-SBJ he) (VP does n't (VP want (NP discretionary power (S (NP-SBJ *) (VP to (VP stop (NP programs)))))))))))) .)) (TOP (S (NP-SBJ A House aide) (VP suggested (SBAR that (S (NP-SBJ Mr. Phelan) (VP was (ADJP-PRD (ADJP so `` vague and mushy '') (SBAR that (S (NP-SBJ it) (VP was (NP-PRD (NP the kind) (PP of (NP meeting)) (SBAR (WHADVP-1 where) (S (NP-SBJ-2 (NP people) (PP of (NP all viewpoints))) (VP could `` (VP come (ADVP-DIR out) (S-ADV (NP-SBJ *-2) (VP feeling (ADJP-PRD good))) (ADVP-LOC *T*-1)))))))))))))) . '')) (TOP (S (PP-TMP At (NP one point)) , (NP-SBJ-2 Mr. Phelan) (VP angered (NP (NP (NP the subcommittee 's) chairman) , (NP (NP Rep. Edward Markey) (PRN -LRB- (NP (NP D.) , (NP-LOC Mass.)) -RRB-)) ,) (PP-MNR by (S-NOM (NP-SBJ *-2) not (VP going (PP-DIR (ADVP much) beyond (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-131 *T*-1) (ADVP-TMP already) (VP had (VP been (VP reported (NP *-131) (PP-LOC in (NP the morning newspapers)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Markey) (VP said (SBAR 0 (S (NP-SBJ we) (VP could (VP have (VP done (NP this) (PP-LOC in (NP public)) '' (SBAR-PRP because (S (NP-SBJ-132 (ADJP so little) sensitive information) (VP was (VP disclosed (NP *-132)))))))))))) , (NP-SBJ the aide) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (NP-SBJ Mr. Phelan) (ADVP-TMP then) (VP responded (SBAR that (S (NP-SBJ-1 he) (VP would (VP have (VP been (ADJP-PRD happy (S (NP-SBJ *-1) (VP (ADVP just) writing (NP (NP a report) (PP to (NP the panel))))))))))))) , (NP-SBJ the aide) (VP added (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-TMP At (NP another point)) (PP-TMP during (NP the hearing)) , (NP-SBJ Rep. Markey) (VP asked (NP Mr. Phelan) (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-133 *T*-1) (VP would (VP be (VP discussed (NP *-133) (PP-LOC at (NP a New York exchange board meeting)) (NP-TMP today))))))) .)) (TOP (S (NP-SBJ Mr. Phelan) (VP said (SBAR 0 (S (NP-SBJ-1 the Big Board) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP study (NP the program-trading issue))))))))) .)) (TOP (S (S (S-TPC-1 (NP-SBJ That response) (VP annoyed (NP Rep. Markey))) , (NP-SBJ House aides) (VP said (SBAR 0 (S *T*-1))) ,) and (S (NP-SBJ the congressman) (VP snapped (PRT back) (SBAR (SBAR that (S (NP-SBJ there) (VP had (VP been (NP-PRD (NP enough studies) (PP of (NP the issue))))))) and (SBAR that (S (NP-SBJ it) (VP was (NP-PRD (NP time) (PP for (NP (NP action) (PP on (NP the matter))))))))))) .)) (TOP (S (NP-SBJ (NP Fifteen) (PP of (NP the 26 subcommittee members)) (NP *ICH*-2)) (VP attended (NP the hearing) , (NP-2 (ADVP most notably) (NP Rep. John Dingell) (PRN -LRB- (NP (NP D.) , (NP-LOC Mich.)) -RRB-) , (NP (NP the full House Energy and Commerce Committee chairman) , (SBAR (WHNP-216 who) (S (NP-SBJ-1 *T*-216) (VP has (VP been (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP let (S (NP-SBJ Mr. Markey) (VP carry (NP the legislation) (PP-TMP in (NP recent months))))))))))))))) .)) (TOP (S-2 (NP-SBJ Mr. Dingell) (VP expressed (NP (NP concern) (PRN , (S (NP-SBJ sources) (VP said (SBAR 0 (S *T*-2)))) ,) (PP about (NP (NP jurisdictional problems) (PP-LOC in (S-NOM (NP-SBJ *) (VP regulating (NP (NP program trading) , (SBAR (WHNP-217 which) (S (NP-SBJ-1 *T*-217) (VP uses (NP futures) (S-PRP (NP-SBJ *-1) (VP to (VP offset (NP stock trades))))))))))))))) .)) (TOP (S (NP-SBJ-134 The futures industry) (VP is (VP regulated (NP *-134) (PP by (NP-LGS (NP the Commodity Futures Trading Commission) , (SBAR (WHNP-218 which) (S (NP-SBJ *T*-218) (VP reports (PP-CLR to (NP (NP the Agriculture committees) (PP-LOC in (NP both houses))))))))))) .)) (TOP (S (NP-SBJ (NP The art) (PP of (NP change-ringing))) (VP is (ADJP-PRD (ADJP peculiar (PP to (NP the English))) , and , (PP like (NP most English peculiarities)) , (ADJP unintelligible (PP to (NP (NP the rest) (PP of (NP the world))))))) .)) (TOP (NP -- (NP Dorothy L. Sayers) , `` (NP-TTL The Nine Tailors) '')) (TOP (NP-LOC (NP ASLACTON) , (NP England))) (TOP (S -- (S (PP-TPC-2 Of (NP (NP all scenes) (SBAR (WHNP-219 that) (S (NP-SBJ *T*-219) (VP evoke (NP rural England)))))) , (NP-SBJ this) (VP is (NP-PRD (NP one) (PP of (NP (NP the loveliest) (PP *T*-2)))))) : (S (NP-SBJ An ancient stone church) (VP stands (PP-LOC amid (NP the fields)) , (S-ADV (NP-SBJ-1 (NP the sound) (PP of (NP bells))) (VP cascading (PP-DIR from (NP its tower)) , (S-ADV (NP-SBJ *-1) (VP calling (NP the faithful) (PP-CLR to (NP evensong)))))))) .)) (TOP (S (NP-SBJ-1 (NP The parishioners) (PP of (NP (NP St. Michael) and (NP All Angels)))) (VP stop (S-PRP (NP-SBJ *-1) (VP to (VP chat))) (PP-LOC at (NP the church door)) , (SBAR-ADV as (S (NP-SBJ (NP members) (ADVP-LOC here)) (ADVP-TMP always) (VP have (VP *?*))))) .)) (TOP (S (PP-LOC In (NP the tower)) , (NP-SBJ five men and women) (VP pull (ADVP-MNR rhythmically) (PP on (NP (NP ropes) (VP attached (NP *) (PP-CLR to (NP (NP the same five bells) (SBAR (WHNP-220 that) (S (NP-SBJ *T*-220) (ADVP-TMP first) (VP sounded (ADVP-LOC here) (PP-TMP in (NP 1614))))))))))) .)) (TOP (S But (NP-SBJ there) (VP is (ADVP also) (NP-PRD a discordant , modern note) (PP-TMP in (NP Aslacton)) , (SBAR-ADV though (S (NP-SBJ-135 it) (VP ca n't (VP be (VP heard (NP *-135) (PP by (NP-LGS (NP the church-goers) (VP enjoying (NP (NP the peal) (PP of (NP bells))) (NP-TMP this cool autumn evening)))))))))) .)) (TOP (S (PP Like (NP (NP most) (PP of (NP (NP the other 6,000 churches) (PP-LOC in (NP Britain)) (PP with (NP (NP sets) (PP of (NP bells)))))))) , (NP-SBJ St. Michael) (ADVP-TMP once) (VP had (NP (NP its own `` band '') (PP of (NP ringers)) , (SBAR (WHNP-221 who) (S (NP-SBJ *T*-221) (VP would (VP herald (NP every Sunday morning and evening service))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ (NP (QP only one) local ringer) (NP *ICH*-1)) (VP remains : (NP-1 64-year-old Derek Hammond)) .)) (TOP (S (NP-SBJ (NP The others) (ADVP-LOC here)) (NP-TMP today) (VP live (ADVP-LOC elsewhere)) .)) (TOP (S (NP-SBJ They) (VP belong (PP-CLR to (NP (NP a group) (PP of (NP 15 ringers)) -- (PP including (NP (NP two octogenarians) and (NP (NP four youngsters) (PP in (NP training))))) -- (SBAR (WHNP-222 who) (S (NP-SBJ *T*-222) (VP drive (NP-TMP every Sunday) (PP-DIR (PP from (NP church)) (PP to (NP church))) (PP in (NP a sometimes-exhausting effort (S (NP-SBJ *) (VP to (VP keep (S (NP-SBJ the bells) (VP sounding (PP-LOC in (NP (NP the many belfries) (PP of (NP East Anglia))))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (S-PRP (NP-SBJ *-1) (VP To (VP ring (PP for (NP (QP even one) service)) (PP-LOC at (NP this tower))))) , (NP-SBJ-1 we) (VP have (S (NP-SBJ *-1) (VP to (VP scrape))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Hammond) , (NP a retired water-authority worker)) .)) (TOP (S `` (S (NP-SBJ-1 We) (VP 've (VP tried (S (NP-SBJ *-1) (VP to (VP train (NP the youngsters))))))) , but (S (NP-SBJ they) (VP have (NP (NP their discos) and (NP their dances)))) , and (S (NP-SBJ they) (VP (ADVP just) drift (ADVP-DIR away))) . '')) (TOP (S (NP-SBJ Mr. Hammond) (VP worries (SBAR that (S (NP-SBJ (NP old age) and (NP (NP the flightiness) (PP of (NP youth)))) (VP will (VP diminish (NP (NP the ranks) (PP of (NP (NP the (ADJP East Anglian) group) (SBAR (WHNP-223 that) (S (NP-SBJ *T*-223) (VP keeps (S (NP-SBJ the Aslacton bells) (VP pealing))))))))))))) .)) (TOP (S (NP-SBJ History) (PRN , (PP after (NP all)) ,) (VP is not (PP-LOC-PRD on (NP his side))) .)) (TOP (S (PP According (PP to (NP (NP a nationwide survey) (VP taken (NP *) (ADVP-TMP (NP a year) ago))))) , (NP-SBJ-1 (NP (QP nearly a third)) (PP of (NP (NP England 's) church bells))) (VP are (ADVP-TMP no longer) (VP rung (NP *-1) (PP-TMP on (NP Sundays)) (SBAR-PRP because (S (NP-SBJ there) (VP is (NP-PRD (NP no one) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP ring (NP them))))))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP is (ADJP-PRD easy) (S-1 (NP-SBJ *) (VP to (VP see (SBAR (WHADVP-2 why) (S (NP-SBJ the ancient art) (VP is (PP-LOC-PRD on (NP the ropes)) (ADVP-PRP *T*-2)))))))) .)) (TOP (S (NP-SBJ-136 (NP The less complicated version) (PP of (S-NOM (NP-SBJ *) (VP playing (NP tunes) (PP-CLR on (NP bells)) , (SBAR-ADV as (SINV do (VP *?*) (NP-SBJ (NP the carillons) (PP of (NP continental Europe)))))) ,))) (VP is (VP considered (PP by (NP-LGS the English)) (S (NP-SBJ *-136) (VP to (VP be (ADJP-PRD (ADJP childish) , (ADJP fit (PP (ADVP only) for (NP foreigners))))))))) .)) (TOP (S (NP-SBJ (NP Change-ringing) , (NP (NP a mind-boggling exercise) (SBAR (WHNP-1 0) (S (NP-SBJ the English) (VP invented (NP *T*-1) (ADVP-TMP (NP 380 years) ago))))) ,) (VP requires (NP (NP physical dexterity) (PRN -- (S (NP-SBJ some bells) (VP weigh (NP (QP more than a) ton))) --) (VP combined (NP *) (PP-CLR with (NP intense mental concentration))))) .)) (TOP (S (NP-SBJ-1 Proper English bells) (VP are (VP started (NP *-1) (PRT off) (PP-MNR in (NP `` (NP rounds) , '' (PP (PP from (NP the highest-pitched bell)) (PP to (NP the lowest))) -- (NP (NP a simple descending scale) (VP using (PRN , (PP-LOC in (NP larger churches)) ,) (NP (QP as many as 12) bells))))))) .)) (TOP (S Then , (PP-TMP at (NP a signal)) , (NP-SBJ-1 the ringers) (VP begin (S (NP-SBJ *-1) (VP varying (NP (NP the order) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ the bells) (VP sound (PP *T*-2))))) (PP-MNR without (S-NOM (NP-SBJ *) (VP altering (NP (NP the steady rhythm) (PP of (NP the striking))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Each variation , or change ,) (VP can (VP occur (ADVP-TMP only once)))) , (NP-SBJ the rules) (VP state (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Ringers) (VP memorize (NP (NP patterns) (PP of (NP changes)) , (VP known (NP *) (PP-CLR as `` (NP methods))) , '' (SBAR (WHNP-224 which) (S (NP-SBJ *T*-224) (VP have (NP (NP odd-sounding names) (PP like (NP (NP Kent Treble Bob Major) or (NP Grandsire Caters))))))))) .)) (TOP (S (NP-SBJ (NP A series) (PP of (NP (QP 5,000 or so) changes))) (VP (VP is (NP-PRD a `` peal '')) and (VP takes (NP (QP about three) hours))) .)) (TOP (S (NP-SBJ (NP A look) (PP at (NP (NP a Thursday night practice) (PP-LOC at (NP (NP St. Mary Abbot church) (PP-LOC in (NP (NP the Kensington district) (PP of (NP London))))))))) (VP gives (NP (NP an idea) (PP of (NP (NP the work) (VP involved (NP *)))))) .)) (TOP (S (NP-SBJ Ten shirt-sleeved ringers) (VP stand (PP in (NP a circle)) , (S-ADV (NP-SBJ one foot) (ADVP-LOC-PRD ahead (PP of (NP the other))) (PP in (NP (NP a prize-fighter 's) stance))) , (S-ADV (NP-SBJ each) (VP pulling (NP (NP a rope) (SBAR (WHNP-225 that) (S (NP-SBJ *T*-225) (VP disappears (PP through (NP (NP a small hole) (PP-LOC in (NP (NP the high ceiling) (PP of (NP the ringing chamber))))))))))))) .)) (TOP (S (S (NP-SBJ No one) (VP speaks)) , and (S (NP-SBJ-1 (NP the snaking) (PP of (NP the ropes))) (VP seems (S (NP-SBJ *-1) (VP to (VP make (NP (NP as much sound) (SBAR as (S (NP-SBJ-2 (NP the bells) (NP themselves)) (VP *?* , (S-ADV (NP-SBJ-3 *-2) (VP muffled (NP *-3) (PP by (NP-LGS the ceiling))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Totally absorbed)) , (NP-SBJ-1 the ringers) (VP stare (ADVP-DIR straight ahead) , (S-ADV (NP-SBJ-2 *-1) (VP using (NP (NP peripheral vision) (PRN -LRB- (S (NP-SBJ they) (VP call (S (NP-SBJ it) `` (NP-PRD rope-sight) ''))) -RRB-)) (S-PRP (NP-SBJ *-2) (VP to (VP (VP watch (NP the other ropes)) and (ADVP thus) (VP time (NP their pulls)))))))) .)) (TOP (S (ADVP-LOC Far above) (PP-LOC in (NP the belfry)) , (NP-SBJ-1 (NP the huge bronze bells) , (VP mounted (NP *) (PP-CLR on (NP wheels))) ,) (VP swing (ADVP-MNR madly) (PP-DIR through (NP a full 360 degrees)) , (S-ADV (NP-SBJ *-1) (VP starting and ending (PRN , (ADVP-MNR surprisingly) ,) (PP-LOC in (NP the (ADJP inverted , or mouth-up) position))))) .)) (TOP (S (NP-SBJ-1 Skilled ringers) (VP use (NP their wrists) (S-CLR (NP-SBJ *-1) (VP to (VP advance or retard (NP the next swing)))) , (SBAR-PRP so that (S (NP-SBJ one bell) (VP can (VP swap (NP places) (PP-CLR with (NP another)) (PP-LOC in (NP the following change))))))) .)) (TOP (S (PP-LOC In (NP (NP a well-known detective-story) (VP involving (NP church bells)))) , (NP-SBJ English novelist Dorothy L. Sayers) (VP described (NP ringing) (PP-CLR as (NP (NP a `` passion) (SBAR -LCB- (WHNP-1 that) -RCB- (S (NP-SBJ *T*-1) (VP finds (NP its satisfaction) (PP-LOC-CLR in (NP (NP mathematical completeness) and (NP mechanical perfection))))))))) . '')) (TOP (S-2 (NP-SBJ-1 Ringers) (PRN , (S (NP-SBJ she) (VP added (SBAR 0 (S *T*-2)))) ,) (VP are `` (VP filled (NP *-1) (PP-CLR with (NP (NP the solemn intoxication) (SBAR (WHNP-226 that) (S (NP-SBJ *T*-226) (VP comes (PP-CLR of (NP (NP intricate ritual) (VP (ADVP-MNR faultlessly) performed (NP *))))))))))) . '')) (TOP (SINV `` (S-TPC-1 (NP-SBJ Ringing) (VP does (VP become (NP-PRD (NP a bit) (PP of (NP an obsession)))))) , '' (VP admits (S *T*-1)) (NP-SBJ (NP Stephanie Pattenden) , (NP (NP (NP master) (PP of (NP the band)) (PP-LOC at (NP St. Mary Abbot))) and (NP (NP one) (PP of (NP (NP England 's) best female ringers))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP a passion) (SBAR (WHNP-227 that) (S (NP-SBJ *T*-227) (ADVP-TMP usually) (VP stays (PP-LOC-CLR in (NP the tower)) , (ADVP however)))))) .)) (TOP (S (ADVP-TMP (ADVP More often) (PP than (ADVP not))) , (NP-SBJ ringers) (VP think (PP-CLR of (NP the church)) (PP-CLR as (NP (NP something) (VP stuck (NP *) (PP-CLR on (NP (NP the bottom) (PP of (NP the belfry)))))))) .)) (TOP (S (SBAR-TMP (SBAR (WHADVP-1 When) (S (NP-SBJ-137 their changes) (VP are (VP completed (NP *-137) (ADVP-TMP *T*-1))))) , and (SBAR after (S (NP-SBJ they) (VP have (VP worked (PRT up) (NP a sweat)))))) , (NP-SBJ-2 ringers) (ADVP-TMP often) (VP skip (ADVP-CLR off) (PP-DIR to (NP the local pub)) , (S-ADV (NP-SBJ *-2) (VP leaving (S (NP-SBJ worship) (PP-PRD for (NP (NP others) (PP-LOC below))))))) .)) (TOP (S (NP-SBJ This) (VP does not (VP sit (ADVP-MNR well) (PP with (NP some clerics)))) .)) (TOP (S (PP With (S-NOM (NP-SBJ (NP membership) (PP of (NP (NP the Church) (PP of (NP England))))) (VP (ADVP-MNR steadily) dwindling))) , (NP-SBJ strong-willed vicars) (VP are (VP pressing (S (NP-SBJ (ADJP (ADJP equally strong-willed) and (ADJP often non-religious)) ringers) (VP to (VP attend (NP services)))))) .)) (TOP (S (S (ADVP-TMP (NP Two years) ago) , (NP-SBJ (NP the Rev. Jeremy Hummerstone) , (NP (NP vicar) (PP of (NP (NP Great Torrington) , (NP-LOC Devon)))) ,) (VP got (ADJP-PRD (ADJP so fed (PRT up) (PP with (NP (NP ringers) (SBAR (WHNP-228 who) (S (NP-SBJ *T*-228) (VP did n't (VP attend (NP service)))))))) (SBAR 0 (S (NP-SBJ he) (VP sacked (NP the entire band))))))) ; (S (NP-SBJ the ringers) (ADVP-TMP promptly) (VP set (PRT up) (NP a picket line) (PP in (NP protest)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ They) (VP were (NP-PRD (NP a self-perpetuating club) (SBAR (WHNP-229 that) (S (NP-SBJ *T*-229) (VP treated (NP the tower) (PP-CLR as (NP (NP sort) (PP of (NP a separate premises)))))))))) , '' (NP-SBJ the Vicar Hummerstone) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP An entirely new band) (SBAR *ICH*-2)) (VP rings (NP-TMP today) (PP-LOC at (NP Great Torrington)) , (SBAR-2 (WHNP-1 (NP several) (WHPP of (WHNP whom))) (S (NP-SBJ *T*-1) (VP are (NP-PRD (NP members) (PP of (NP the congregation))))))) .)) (TOP (S But (NP-SBJ there) (ADVP-TMP still) (VP are n't (NP-PRD (NP enough ringers) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP ring (NP (NP (QP more than six)) (PP of (NP the eight bells))))))))) .)) (TOP (S (PP-LOC At (NP (NP (NP St. Mary 's) Church) (PP-LOC in (NP (NP Ilminster) , (NP-LOC Somerset))))) , (NP-SBJ-1 the bells) (VP have (VP fallen (S-CLR (NP-SBJ *-1) (ADJP-PRD silent)) (PP-TMP following (NP (NP a dust-up) (PP over (NP church attendance)))))) .)) (TOP (S (NP-SBJ-1 (NP The vicar) , (NP W.D. Jones) ,) (VP refuses (S (NP-SBJ *-1) (VP to (VP talk (PP-CLR about (NP it))))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ it) (VP would `` (VP reopen (NP the wound)))))))) . '')) (TOP (S But (NP-SBJ (NP C.J.B. Marshall) , (NP (NP vicar) (PP of (NP a nearby church))) ,) (VP feels (SBAR 0 (S (NP-SBJ the fault) (VP is (PP-LOC-PRD in (NP (NP the stairs) (PP from (NP the bell tower)) (SBAR (WHNP-1 that) (S (NP-SBJ-138 *T*-1) (VP are (VP located (NP *-138) (PP-LOC-CLR next (PP to (NP the altar))))))))))))) .)) (TOP (S `` (SINV-TPC-2 So (INTJ crunch , crunch , crunch , bang , bang , bang) -- (ADVP-DIR-TPC-4 here) (VP come (ADVP-DIR *T*-4)) (NP-SBJ-1 the ringers) (PP-DIR from (NP above)) , (S-ADV (NP-SBJ *-1) (VP making (NP a (ADJP very obvious) exit) (SBAR-TMP while (S (NP-SBJ the congregation) (VP is (PP-PRD at (NP prayer)))))))) , '' (NP-SBJ he) (VP says (SINV *T*-2)) .)) (TOP (S (NP-SBJ Vicar Marshall) (VP admits (PP-CLR to (NP (NP mixed feelings) (PP about (NP this issue)))) , (SBAR-PRP since (S (NP-SBJ he) (VP is (NP-PRD (NP both (NX (NX a vicar) and (NX an active bell-ringer))) (NP himself)))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP The sound) (PP of (NP bells))) (VP is (NP-PRD (NP a net) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP draw (NP people) (PP-CLR into (NP the church))))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S `` (NP-SBJ I) (VP live (PP-CLR in (NP hopes (SBAR that (S (NP-SBJ-139 (NP the ringers) (NP themselves)) (VP will (VP be (VP drawn (NP *-139) (PP-CLR into (NP that fuller life)))))))))) . '')) (TOP (SINV (S-TPC-2 (NP-SBJ-1 (NP (NP The Central Council) (PP of (NP Church Bell Ringers))) , (NP (NP a sort) (PP of (NP (NP parliament) (PP of (NP ringing groups))))) ,) (VP aims (S (NP-SBJ *-1) (VP to (VP improve (NP (NP relations) (PP with (NP vicars)))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP John C. Baldwin) , (NP president)) .)) (TOP (S (NP-SBJ-1 It) (VP (VP hopes (S (NP-SBJ *-1) (VP to (VP speak (PP-CLR to (NP (NP students) (PP-LOC at (NP theological colleges)))) (PP-CLR about (NP (NP the joys) (PP of (NP bell ringing)))))))) and (VP will (ADVP-TMP shortly) (VP publish (NP (NP a booklet) (PP for (NP (NP every vicar) (PP-LOC in (NP the country)))) (VP entitled , `` (NP-TTL (NP The Bells) (PP-LOC in (NP Your Care)))))))) . '')) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ Mr. Baldwin) , `` (S-1 (NP-SBJ We) (VP recognize (SBAR that (S (NP-SBJ we) (VP may (ADVP-TMP no longer) (VP have (NP (NP as high a priority) (PP-LOC in (NP church life and experience))))))))) . '')) (TOP (S (NP-SBJ Mr. Baldwin) (VP is (ADVP also) (VP attacking (NP (NP the greater problem) : (NP (NP lack) (PP of (NP ringers)))))) .)) (TOP (S (NP-SBJ One survey) (VP says (SBAR that (S (PP-TPC of (NP (NP the 100,000 trained bellringers) (PP-LOC in (NP England)) (NP-TMP today))) , (NP-SBJ (NP (QP only 40,000)) (PP of (NP them))) (ADVP-TMP still) (VP ring)))) .)) (TOP (S (ADVP Also) , (NP-SBJ ringers) (VP do n't (ADVP-TMP always) (VP live (UCP-LOC-CLR (SBAR-NOM (WHADVP-2 where) (S (NP-SBJ-1 the bells) (VP need (S (NP-SBJ-140 *-1) (VP to (VP be (VP rung (NP *-140) (ADVP-LOC *T*-2)))))))) -- (PP like (PP in (NP (NP small , rural parishes) and (NP inner-city churches))))))) .)) (TOP (SINV (S-TPC-1 But (NP-SBJ (NP the council 's) program (S (NP-SBJ *) (VP to (VP attract and train (NP ringers))))) (VP is (ADJP-PRD (ADVP only partly) successful))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ Mr. Baldwin) .)) (TOP (S `` (S-TPC-1 (ADVP-TMP Right now) , (NP-SBJ we) (VP 're (ADJP-PRD lucky) (SBAR-ADV if (S (PP-TMP after (NP five years)) (NP-SBJ we) (VP keep (NP one new ringer (QP out of 10))))))) , '' (NP-SBJ he) (VP adds (S *T*-1)) .)) (TOP (S (S (NP-SBJ One bright sign) (VP is (SBAR-PRD that (S (NP-SBJ (NP a growing number) (PP of (NP women))) (VP have (VP entered (NP the (ADJP once male-dominated) field))))))) ; (S (NP-SBJ (NP (QP more than a third)) (PP of (NP (NP the ringers) (NP-TMP today)))) (VP are (NP-PRD women))) .)) (TOP (S (NP-SBJ-1 They) (VP are n't (VP accepted (NP *-1) (ADVP-LOC everywhere) , (ADVP however))) .)) (TOP (S (NP-SBJ (NP (NP The oldest bell-ringing group) (PP-LOC in (NP the country))) , (NP (NP the Ancient Society) (PP of (NP College Youths))) , (VP founded (NP *) (PP-TMP in (NP 1637))) ,) (VP (VP remains (ADJP-PRD male-only)) , (NP (NP a fact) (SBAR (WHNP-230 that) (S (NP-SBJ *T*-230) (VP 's (ADJP-PRD particularly galling (PP to (NP women))) (SBAR-PRP because (S (NP-SBJ the group) (VP is (NP-PRD (NP the sole source) (PP of (NP ringers)) (PP for (NP (NP (NP Britain 's) (ADJP most prestigious) churches) , (NP (NP (NP St. Paul 's) Cathedral) and (NP Westminster Abbey))))))))))))) .)) (TOP (S (S (S-ADV (NP-SBJ This) (VP being (NP-PRD Britain))) , (NP-SBJ no woman) (VP has (VP filed (NP an equal-opportunity suit)))) , but (S (NP-SBJ (NP the extent) (PP of (NP the problem))) (VP surfaced (NP-TMP this summer) (PP-LOC in (NP (NP a series) (PP of (NP (NP letters) (PP to (NP `` (NP-TTL The Ringing World) , '' (NP (NP a weekly newspaper) (PP for (NP ringers))))))))))) .)) (TOP (S (NP-SBJ (NP One writer) , (VP signing (NP his letter) (PP-CLR as `` (NP Red-blooded , balanced male))) , '') (VP (VP remarked (PP-CLR on (NP (NP the `` frequency) (PP of (NP (NP women) (VP fainting (PP-LOC in (NP peals)))))))) , '' and (VP suggested (SBAR that (S (NP-SBJ they) `` (VP settle (ADVP-CLR back) (PP-DIR into (NP (NP their traditional role) (PP of (S-NOM (NP-SBJ *) (VP making (NP tea) (PP-LOC at (NP meetings)))))))))))) . '')) (TOP (S (PP-LOC In (NP (NP the torrent) (PP of (NP replies)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP followed))))) , (NP-SBJ (NP one woman ringer) (PP from (NP Solihull))) (VP observed (SBAR that `` (S (NP-SBJ-3 the average male ringer) (VP leaves (NP (NP quite a lot) (SBAR (WHNP-2 0) (S (NP-SBJ-141 *T*-2) (VP to (VP be (VP desired (NP *-141))))))) : (S-ADV (NP-SBJ *-3) (ADJP-PRD (ADJP badly dressed) , (ADJP decorated (PP-CLR with (NP (NP acne) and (NP a large beer-belly)))) , (ADJP frequently unwashed) and (ADJP unbearably flatulent (PP-LOC in (NP peals))))))))) . '')) (TOP (S (NP-SBJ-1 Another women) (VP wrote (PP-CLR from (NP Sheffield)) (S-PRP (NP-SBJ *-1) (VP to (VP say (SBAR that (S (PP-TMP in (NP (NP her 60 years) (PP of (NP ringing)))) , `` (NP-SBJ I) (VP have (ADVP-TMP never) (VP known (S (NP-SBJ a lady) (VP to (VP faint (PP-LOC in (NP the belfry))))))))))))) .)) (TOP (S (S (NP-SBJ I) (VP have (VP seen (S (NP-SBJ (QP one or two) men) (VP die))))) , (S (NP-SBJ *) (VP bless (NP them))) .)) (TOP (S (NP-SBJ (NP Investors) (VP unsettled (NP *) (PP by (NP-LGS (NP the stock market 's) gyrations)))) (VP can (VP take (NP some comfort) (PP-CLR in (NP (NP the predictable arrival) (PP of (NP quarterly dividend checks)))))) .)) (TOP (S (NP-SBJ That) (VP has (VP been (ADJP-PRD particularly true) (NP-TMP this year) (PP with (S-NOM (NP-SBJ many companies) (VP raising (NP their payouts) (NP-EXT (QP more than 10) %)))))) .)) (TOP (S (S But (NP-SBJ *) (VP do n't (VP breathe (ADVP-MNR too easy)))) : (S (S-TPC-1 (NP-SBJ Those dividend increases) (VP may (VP signal (NP (NP trouble) (ADVP-LOC ahead) (PP for (NP stock prices)))))) , (NP-SBJ some analysts) (VP warn (SBAR 0 (S *T*-1)))) .)) (TOP (S-1 (PP-TMP In (NP the past)) (PRN , (NP-SBJ they) (VP say (SBAR 0 (S *T*-1))) ,) (NP-SBJ the strongest dividend growth) (VP has (ADVP-TMP often) (VP come (PP-TMP at (NP (NP times) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the stock-market party) (VP was (ADJP-PRD almost over) (ADVP-TMP *T*-2)))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ That) (VP can (VP be (NP-PRD a trap) (PP for (NP unwary investors))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Richard Bernstein) , (NP (NP senior quantitative analyst) (PP-LOC at (NP Merrill Lynch & Co)))) .)) (TOP (S-1 (NP-SBJ Strong dividend growth) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (VP is (NP-PRD `` (NP (NP the black widow) (PP of (NP valuation))) '' (PRN -- (NP (NP a reference) (PP to (NP (NP the female spiders) (SBAR (WHNP-231 that) (S (NP-SBJ *T*-231) (VP (VP attract (NP males)) and (ADVP then) (VP kill (NP them) (PP-TMP after (NP mating)))))))))))) .)) (TOP (S (NP-SBJ (NP Stephen Boesel) , (NP (NP president) (PP of (NP T. Rowe Price Growth and Income Fund))) ,) (VP explains (SBAR that (S (NP-SBJ companies) (VP raise (NP their payouts) (ADVP-MNR most robustly) (SBAR-TMP (ADVP only) after (S (NP-SBJ (NP the economy) and (NP corporate profits)) (VP have (VP been (VP growing (PP-TMP for (NP some time))))))))))) .)) (TOP (S `` (S-TPC-1 (ADVP Invariably) , (NP-SBJ (NP those strong periods) (PP-LOC in (NP the economy))) (VP give (NP-CLR way) (PP-CLR to (NP recessionary environments)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` And (NP-SBJ recessionary environments) (VP are n't (ADJP-PRD hospitable (PP to (NP the stock market)))) . '')) (TOP (S (ADVP Indeed) , (NP-SBJ analysts) (VP say (SBAR that (S (NP-SBJ payouts) (VP have (ADVP-TMP sometimes) (VP risen (ADVP-MNR most sharply) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ prices) (VP were (ADVP-TMP already) (PP-PRD on (NP (NP their way) (ADVP-DIR down) (PP-DIR from (NP cyclical peaks)))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (PP-TMP In (NP 1976)) (PRN , (PP for (NP example)) ,) (NP-SBJ (NP dividends) (PP on (NP (NP the stocks) (PP-LOC in (NP (NP Standard & Poor 's) 500-stock index))))) (VP soared (NP-EXT 10 %) , (PP-TMP following (NP (NP (ADJP much slower) growth) (ADVP-TMP (NP the year) before)))) .)) (TOP (S (NP-SBJ-1 The S&P index) (VP (VP started (S (NP-SBJ *-1) (VP sliding (PP in (NP price)) (PP-TMP in (NP September 1976))))) , and (VP fell (NP-EXT 12 %) (PP-TMP in (NP 1977)) -- (PP despite (NP (NP a (ADJP 15 %) expansion) (PP in (NP dividends)) (NP-TMP that year))))) .)) (TOP (S (S (NP-SBJ That pattern) (VP has n't (ADVP-TMP always) (VP held))) , but (S (NP-SBJ (NP recent strong growth) (PP-LOC in (NP dividends))) (VP makes (S (NP-SBJ some market watchers) (ADJP-PRD anxious)))) .)) (TOP (S (S (NP-SBJ (NP Payouts) (PP on (NP the S&P 500 stocks))) (VP rose (NP-EXT 10 %) (PP-TMP in (NP 1988)) , (PP according (PP to (NP (NP Standard & Poor 's) Corp.))))) , and (S (NP-SBJ (NP Wall Street estimates) (PP for (NP 1989 growth))) (VP are (ADVP generally) (PP-LOC-PRD between (NP (QP 9 % and 14 %) *U*)))) .)) (TOP (S (NP-SBJ Many people) (VP believe (SBAR 0 (S (NP-SBJ (NP the growth) (PP in (NP dividends))) (VP will (VP slow (NP-TMP next year))))) , (SBAR-ADV although (S (NP-SBJ a minority) (VP see (S (NP-SBJ double-digit gains) (VP continuing)))))) .)) (TOP (S (S (ADVP-TMP Meanwhile) , (NP-SBJ many market watchers) (VP say (SBAR 0 (S (NP-SBJ recent dividend trends) (VP raise (NP another warning flag)))))) : (S (SBAR-TMP While (S (NP-SBJ dividends) (VP have (VP risen (ADVP-MNR smartly))))) , (NP-SBJ their expansion) (VP has n't (VP kept (NP-CLR pace) (PP-CLR with (NP (NP (ADJP even stronger) advances) (PP-LOC in (NP stock prices))))))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ (NP (NP the market 's) dividend yield) (PRN -- (NP (NP dividends) (PP as (NP (NP a percentage) (PP of (NP price))))) --)) (VP has (VP slid (PP-DIR to (NP (NP a level) (SBAR (WHNP-232 that) (S (NP-SBJ *T*-232) (VP is (ADJP-PRD fairly low and unenticing) (PP by (NP historical standards))))))))) .)) (TOP (S (S-TPC-3 (S-ADV (NP-SBJ-1 *) (VP Put (NP *-1) (NP-MNR another way))) , (NP-SBJ (NP the decline) (PP-LOC in (NP the yield))) (VP suggests (SBAR 0 (S (NP-SBJ stocks) (VP have (VP gotten (ADJP-PRD pretty rich (PP-LOC in (NP price))) (ADVP relative (PP to (NP (NP the dividends) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP pay (NP *T*-2))))))))))))) , (NP-SBJ some market analysts) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ They) (VP are (VP keeping (NP (NP a close watch) (PP on (NP (NP the yield) (PP on (NP the S&P 500))))))) .)) (TOP (S (NP-SBJ The figure) (VP is (ADVP-TMP currently) (NP-PRD (NP (QP about 3.3) %) , (ADVP up (PP from (NP 3.2 %) (PP-TMP before (NP the recent market slide)))))) .)) (TOP (S (NP-SBJ Some analysts) (VP say (SBAR 0 (S (NP-SBJ investors) (VP should (VP run (PP-CLR for (NP the exits)) (SBAR-ADV if (S (NP-SBJ a sustained market rebound) (VP pushes (NP the yield) (PP-DIR below (NP 3 %)))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP A drop) (PP-DIR below (NP that (ADJP 3 %) benchmark))) `` (VP has (ADVP-TMP always) (VP been (NP-PRD a strong warning sign (SBAR that (S (NP-SBJ-2 stocks) (VP are (VP (ADVP-MNR fully) valued (NP *-2))))))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Mr. Boesel) (PP of (NP T. Rowe Price))) .)) (TOP (S (PP In (NP fact)) , `` (NP-SBJ the market) (VP has (ADVP-TMP always) (VP tanked)) .)) (TOP (ADVP-TMP Always .)) (TOP (S-1 (NP-SBJ There) (VP 's (ADVP-TMP never) (VP been (NP-PRD an exception) (PRN , '' (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Gerald W. Perritt) , (NP a Chicago investment adviser and money manager))) ,) (PP based (PP on (NP (NP a review) (PP of (NP (NP six decades) (PP of (NP stock-market data))))))))) .)) (TOP (S (NP-SBJ (NP The last time) (SBAR (WHADVP-1 0) (S (NP-SBJ the S&P 500 yield) (VP dropped (PP-DIR below (NP 3 %)) (ADVP-TMP *T*-1))))) (VP was (PP-TMP-PRD in (NP (NP the summer) (PP of (NP 1987))))) .)) (TOP (S (NP-SBJ (NP Stockholders) (SBAR (WHNP-233 who) (S (NP-SBJ *T*-233) (VP (VP took (NP the hint)) and (VP sold (NP shares)))))) (VP escaped (NP the October debacle)) .)) (TOP (S (S-TPC-2 (NP-SBJ There) (VP have (VP been (NP-PRD (NP (QP only seven) other times) (PRN -- (PP in (NP 1929 , 1933 , 1961 , 1965 , 1968 , 1971 and 1972)) --) (SBAR (WHADVP-1 when) (S (NP-SBJ (NP the yield) (PP on (NP the S&P 500))) (VP dropped (PP-DIR below (NP 3 %)) (PP-TMP for (NP (QP at least two) consecutive months)) (ADVP-TMP *T*-1))))))) ,) (NP-SBJ Mr. Perritt) (VP found (SBAR 0 (S *T*-2))) .)) (TOP (S-1 And (PP-LOC in (NP each case)) (PRN , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) ,) (NP-SBJ (NP a sharp drop) (PP-LOC in (NP stock prices))) (VP began (PP-TMP within (NP a year))) .)) (TOP (S (ADVP Still) , (NP-SBJ some market analysts) (VP say (SBAR 0 (S (NP-SBJ the current (ADJP 3.3 %) reading) (VP is n't (ADJP-PRD (ADJP as troublesome) (SBAR as (S (NP-SBJ it) (VP might (VP have (VP been (ADJP-PRD *?*) (PP-TMP in (NP (NP years) (ADJP past))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's not (NP-PRD a (ADJP very meaningful) indicator) (ADVP-TMP currently) (SBAR-PRP because (S (NP-SBJ corporations) (VP are not (VP behaving (PP-MNR in (NP a traditional manner)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP James H. Coxon) , (NP (NP head) (PP of (NP stock investments)) (PP for (NP (NP Cigna Corp.) , (NP the Philadelphia-based insurer))))) .)) (TOP (S-1 (PP In (ADJP particular)) (PRN , (NP-SBJ Mr. Coxon) (VP says (SBAR 0 (S *T*-1))) ,) (NP-SBJ businesses) (VP are (VP paying (PRT out) (NP (NP a smaller percentage) (PP of (NP their profits and cash flow)) (SBAR *ICH*-3)) (PP-CLR in (NP (NP the form) (PP of (NP dividends)))) (SBAR-3 than (S (NP-SBJ they) (VP have (VP *?* (ADVP-TMP historically))))))) .)) (TOP (S So , (SBAR-ADV while (S (NP-SBJ stock prices) (VP may (VP look (ADJP-PRD fairly high) (ADVP relative (PP to (NP dividends))))))) , (NP-SBJ they) (VP are not (ADJP-PRD excessive) (ADVP relative (PP to (NP the underlying corporate strength)))) .)) (TOP (SINV (S-TPC-2 (PP Rather than (S-NOM (NP-SBJ *-1) (VP increasing (NP dividends)))) , (NP-SBJ-1 some companies) (VP have (VP used (NP cash) (S-CLR (NP-SBJ *-1) (VP to (VP buy (PRT back) (NP (NP some) (PP of (NP their shares))))))))) , (VP notes (SBAR 0 (S *T*-2))) (NP-SBJ (NP Steven G. Einhorn) , (NP (NP co-chairman) (PP of (NP (NP the investment policy committee) (PP-LOC at (NP Goldman , Sachs & Co)))))) .)) (TOP (S (NP-SBJ-1 He) (VP factors (NP that) (PP-CLR into (NP the market yield)) (S-PRP (NP-SBJ *-1) (VP to (VP get (NP (NP an adjusted yield) (PP of (NP (QP about 3.6) %))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ That) (VP is (PP-PRD (NP-ADV just a tad) below (NP (NP the average) (PP of (NP the past 40 years (QP or so))))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (SBARQ (WHNP-234 What) (SQ (NP-SBJ *T*-234) (VP will (VP happen (PP-CLR to (NP dividend growth)) (NP-TMP next year)))) ?)) (TOP (S (NP-SBJ Common wisdom) (VP suggests (NP (NP a single-digit rate) (PP of (NP growth)) , (VP reflecting (NP (NP a weakening) (PP-LOC in (NP (NP the economy) and (NP corporate profits))))))) .)) (TOP (S (NP-SBJ PaineWebber Inc.) (PRN , (PP for (NP instance)) ,) (VP is (VP forecasting (NP (NP growth) (PP-LOC in (NP S&P 500 dividends)) (PP of (NP (QP just under 5) %)) (PP-TMP in (NP 1990)) , (ADVP down (PP from (NP an estimated 11 %) (NP-TMP this year)))))) .)) (TOP (S (PP-TMP In (NP (NP other years) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ there) (VP have (VP been (NP-PRD (NP moderate economic slowdowns) -- (NP (NP the environment) (SBAR (WHNP-1 0) (S (NP-SBJ the firm) (VP expects (NP *T*-1) (PP-TMP in (NP 1990))))))) (PP-TMP *T*-2))))))) -- (NP-SBJ (NP the change) (PP-LOC in (NP dividends))) (VP ranged (PP-DIR from (NP (NP a gain) (PP of (NP 4 %)))) (PP-DIR to (NP (NP a decline) (PP of (NP 1 %)))) , (PP according (PP to (NP PaineWebber analyst Thomas Doerflinger)))) .)) (TOP (S (NP-SBJ The minority argument) , (ADVP-TMP meanwhile) , (VP is (SBAR-PRD that (S (NP-SBJ businesses) (VP have (NP (NP the financial wherewithal) (SBAR *ICH*-2)) (NP-TMP (NP this time) (ADVP around)) (SBAR-2 (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP declare (NP (ADJP sharply higher) dividends) (ADVP-MNR *T*-1))))) (SBAR-SBJ even if (S (NP-SBJ their earnings) (VP weaken))))))) .)) (TOP (S (NP-SBJ-142 (NP Dividend growth) (PP on (NP (NP the order) (PP of (NP 12 %))))) (VP is (VP expected (NP *-142) (PP by (NP-LGS both (NP (NP Mr. Coxon) (PP of (NP Cigna))) and (NP (NP Mr. Einhorn) (PP of (NP Goldman Sachs))))))) .)) (TOP (S (NP-SBJ Those dividend bulls) (VP argue (SBAR that (S (NP-SBJ-2 corporations) (VP are (PP-LOC-PRD in (NP (NP the unusual position) (PP of (S-NOM (NP-SBJ-1 *-2) (VP having (NP (NP plenty) (PP of (NP cash)) (VP left (PRT over) (NP *))) (SBAR-TMP after (S (NP-SBJ *-1) (VP (VP paying (NP dividends)) and (VP making (NP capital expenditures)))))))))))))) .)) (TOP (S (NP-SBJ (NP One indicator) (SBAR (WHNP-1 0) (S (NP-SBJ-2 investors) (VP might (VP want (S (NP-SBJ *-2) (VP to (VP watch (NP *T*-1))))))))) (VP is (NP-PRD (NP the monthly tally) (PP from (NP (NP Standard & Poor 's))) (PP of (NP (NP the number) (PP of (NP (NP public companies) (VP adjusting (NP their dividends)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP (QP A total of 139) companies) (ADJP *ICH*-1)) (VP raised (NP dividends) (PP-TMP in (NP October)) , (ADJP-1 basically unchanged (PP from (NP (NP 138) (ADVP-TMP (NP a year) ago)))))) , (NP-SBJ S&P) (VP said (SBAR 0 (S *T*-2)) (NP-TMP Wednesday)) .)) (TOP (S (NP-SBJ That) (VP followed (NP (NP four straight months) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ (NP the number) (PP of (NP increases))) (VP trailed (NP the year-earlier pace) (PP-TMP *T*-1)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the S&P tally) (VP does n't (VP measure (NP (NP the magnitude) (PP of (NP dividend changes))))))) , (NP-SBJ (NP a further slippage) (PP-LOC in (NP (NP the number) (PP of (NP dividend increases))))) (VP could (VP be (NP-PRD (NP a harbinger) (PP of (NP (NP slower dividend growth) (NP-TMP next year)))))) .)) (TOP (S (PP-LOC In (NP any case)) , (NP-SBJ (NP opinion) (PP *ICH*-2)) (VP is (ADJP-PRD mixed) (PP-2 on (SBAR-NOM (WHNP-1 (WHNP how much) (PP of (NP a boost))) (S (NP-SBJ the overall stock market) (VP would (VP get (NP *T*-1) (SBAR-ADV even if (S (NP-SBJ dividend growth) (VP continues (PP at (NP double-digit levels))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Einhorn) (PP of (NP Goldman Sachs))) (VP estimates (SBAR 0 (S (NP-SBJ the stock market) (VP will (VP deliver (NP (NP a (ADJP (QP 12 % to 15 %) *U*) total return) (PP from (NP appreciation and dividends)) (PP *ICH*-1)) (PP-TMP over (NP the next 12 months)) -- (PP-1 vs. (NP (NP a `` cash rate) (PP of (NP return)) '' (PP of (NP (QP perhaps 7 % or 8 %) *U*)) (SBAR-ADV if (S (NP-SBJ dividend growth) (VP is (ADJP-PRD weak))))))))))) .)) (TOP (S But (NP-SBJ (NP Mr. Boesel) (PP of (NP T. Rowe Price)) , (SBAR (WHNP-235 who) (S (NP-SBJ *T*-235) (ADVP also) (VP expects (NP (NP (ADJP 12 %) growth) (PP-LOC in (NP dividends)) (NP-TMP next year))))) ,) (VP does n't (VP think (SBAR 0 (S (NP-SBJ it) (VP will (VP help (NP the overall market) (ADVP all that much))))))) .)) (TOP (S `` (S-TPC-1 (S (S-NOM-SBJ (NP-SBJ *) (VP Having (NP the dividend increases))) (VP is (NP-PRD a supportive element) (PP-LOC in (NP the market outlook)))) , but (S (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD a main consideration)))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (SBAR-ADV With (S (NP-SBJ (NP slower economic growth) and (NP flat corporate earnings)) (ADJP-PRD likely) (NP-TMP next year))) , `` (NP-SBJ I) (VP would n't (VP look (SBAR-CLR for (S (NP-SBJ the market) (VP to (VP have (NP (NP much) (ADVP-LOC upside (PP from (NP current levels)))))))))) .)) (TOP (S (NP-SBJ (NP Your Oct. 13 page-one story) (PP on (NP (NP the renewed plight) (PP of (NP Western Union))))) (VP says (SBAR that (S (NP-SBJ-1 Western Union) (VP had (VP lost (NP its chance (S (NP-SBJ *) (VP to (VP be (PP-LOC-PRD in (NP the telephone business)))))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP turning (PRT down) (NP (NP (NP Alexander Graham Bell 's) offer) (PP to (NP it)) (PP of (NP his invention)))))) , (SBAR-PRP because (S (NP-SBJ it) (ADVP supposedly) (VP felt (SBAR that (S (NP-SBJ voice communication) (VP would (ADVP-TMP never) (VP replace (NP the telegraph))))))))))))) .)) (TOP (S (NP-SBJ Such) (VP is (ADVP hardly) (NP-PRD the case)) .)) (TOP (S (NP-SBJ (NP (NP Bell 's) father-in-law) , (NP Gardner G. Hubbard) , (ADJP wealthy and well-connected) ,) (VP obtained (NP (NP financing) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP start (NP (NP the American Bell Telephone Co.) (PP-LOC in (NP Boston)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (ADVP even) (VP had (NP (NP a subsidiary) (PP-LOC in (NP New York)) (VP called (S (NP-SBJ *) (NP-PRD (NP the Telephone Co.) (PP of (NP New York)))))))))))))))) .)) (TOP (S (NP-SBJ This) (VP is (SBAR-LOC-PRD (WHADVP-1 where) (S (NP-SBJ (NP Bell 's) patents) (VP went (ADVP-DIR *T*-1))))) .)) (TOP (S (NP-SBJ-1 Western Union) (ADVP indeed) (VP wanted (S (NP-SBJ *-1) (VP to (VP get (PP-CLR into (NP the telephone business)))))) .)) (TOP (S (NP-SBJ-1 It) (VP (VP acquired (NP (NP Thomas Edison 's) microphone patent)) and (VP (ADVP-TMP then) (ADVP-TMP immediately) sued (NP the Bell Co.) (S-ADV (NP-SBJ *-1) (VP claiming (SBAR that (S (NP-SBJ (NP the microphone) (VP invented (NP *) (PP by (NP-LGS (NP my grandfather) , (NP Emile Berliner) ,))) (SBAR (WHNP-2 which) (S (NP-SBJ-144 *T*-2) (VP had (VP been (VP sold (NP *-144) (PP-CLR to (NP Bell)) (PP-CLR for (NP a princely $ 50,000 *U*))))))) ,) (VP infringed (PP-CLR upon (NP (NP Western Union 's) Edison patent))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Bell) (VP established (SBAR that (S (NP-SBJ-145 the Berliner patent caveat) (VP was (VP registered (NP *-145) (PP-TMP (NP-ADV 10 days) before (NP (NP Edison 's) application)) (ADVP-TMP *T*-1)))))))) , (NP-SBJ-2 Western Union) (VP (VP dropped (NP the lawsuit)) and (VP (VP agreed (S (NP-SBJ *-2) (ADVP-TMP never) (VP to (VP enter (NP the telephone business))))) -- (NP (NP the basis) (PP for (NP (NP the company 's) current plight))))) .)) (TOP (NP (NP Oliver Berliner) (NP-LOC (NP Beverly Hills) , (NP Calif)) .)) (TOP (S (NP-SBJ Troubled NBI Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP (VP fired (NP (QP more than half) its work force)) and (VP is (VP discontinuing (NP its hardware business))) (S-PRP (NP-SBJ *-1) (VP to (VP focus (PP-CLR on (NP its software and service operations))))))))) .)) (TOP (S (NP-SBJ (NP The ailing company) , (SBAR (WHNP-236 which) (S (NP-SBJ *T*-236) (VP has (VP reported (NP net losses) (PP-TMP for (NP 16 consecutive quarters)))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP wo n't (VP manufacture (NP network computer systems) (ADVP-TMP any more))) and (VP will (ADVP-MNR greatly) reduce (NP its costly direct sales force)))))) .)) (TOP (S (ADVP Altogether) , (NP-SBJ NBI) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP eliminate (NP (NP (NP 266 jobs) (PP-LOC at (NP its Boulder headquarters))) , (NP 176 field sales jobs) and (NP (NP 50 jobs) (PP-LOC at (NP its (UCP Canadian and United Kingdom) headquarters))))))))) .)) (TOP (S (NP-SBJ (NP The company 's) work force) (VP will (VP fall (PP-DIR to (NP (QP about 400) people)))) .)) (TOP (S (NP-SBJ (NP Stephen G. Jerritts) , (NP (NP president) and (NP chief executive officer)) ,) (VP said (SBAR 0 (S (NP-SBJ-1 customers) (VP were n't (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP commit (PP-CLR to (NP an expensive NBI hardware systems)))))) (PP-PRP because of (NP (NP the company 's) financial troubles)))))) .)) (TOP (S-1 (ADVP Further) (PRN , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) ,) (NP-SBJ the company) (VP does n't (VP have (NP (NP the capital) (VP needed (NP *) (S (NP-SBJ *) (VP to (VP build (NP the business) (PP-TMP over (NP the next year (QP or two)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP (ADVP flat) ran (ADVP-CLR out (PP of (NP financing resources))))) , '' (NP-SBJ Mr. Jerritts) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ-1 We) (VP had (S (NP-SBJ *-1) (VP to (VP do (NP (NP something) (ADJP (ADVP structurally and radically) different)))))) . '')) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ NBI) (VP will (VP focus (PP-CLR on (S-NOM (NP-SBJ-4 *) (VP (VP servicing (NP (NP its installed base) (PP of (NP systems)))) , (VP trying (S (NP-SBJ *-4) (VP to (VP provide (NP maintenance) (PP-CLR for (NP other manufacturers)))))) and (VP expanding (NP its software business) , (S-ADV (NP-SBJ *-4) (VP using (NP (NP some) (PP of (NP (NP the applications) (SBAR (WHNP-3 0) (S (NP-SBJ it) (VP developed (NP *T*-3) (PP for (NP its hardware))))))))))))))))))) .)) (TOP (S (NP-SBJ The company) (ADVP-TMP currently) (VP offers (NP (NP a word-processing package) (PP for (NP personal computers)) (VP called (S (NP-SBJ *) (NP-PRD Legend))))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-237 which) (S (NP-SBJ *T*-237) (ADVP-TMP recently) (VP said (SBAR 0 (S (NP-SBJ it) (VP lacked (NP (NP the profits and capital) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP pay (NP (NP dividends) (PP on (NP its Series A convertible preferred stock))) (ADVP-CLR *T*-1)))))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP hired (NP (NP an investment banker) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP help (S (NP-SBJ it) (VP raise (NP additional cash))))))))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ NBI common) (VP closed (PP-CLR at (NP (NP 93 cents) (NP-ADV a share))) , (ADVP up (NP 31 cents))) .)) (TOP (S-CLF (NP-SBJ It) (VP was (NP-PRD (NP (NP Richard Nixon 's) first visit) (PP to (NP China)) (PP-TMP in (NP 1972))) (SBAR (WHNP-238 that) (S (NP-SBJ *T*-238) (VP set (PP-CLR in (NP motion)) (NP (NP the historic rapprochement) (PP-LOC between (NP Beijing and Washington))))))) .)) (TOP (S But (NP-SBJ (NP (NP the former U.S. president 's) sixth visit) (PP to (NP China)) , (SBAR-TMP (WHPP-1 during (WHNP which)) (S (NP-SBJ he) (VP spoke (PP-TMP at (NP length)) (PP with (NP Chinese leaders)) (PP-TMP *T*-1)))) ,) (VP was (ADJP-PRD (ADVP nowhere near) as successful (PP at (S-NOM (NP-SBJ *) (VP easing (NP (NP strains) (SBAR (WHNP-239 that) (S (NP-SBJ *T*-239) (VP have (ADVP-TMP recently) (VP afflicted (NP the Sino-U.S. relationship))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Nixon) , (NP (NP the (ADJP most prominent) American) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP come (PP-DIR to (NP China)) (PP-TMP since (NP (NP (NP Beijing 's) bloody suppression) (PP of (NP pro-democracy demonstrators)) (PP-TMP in (NP June))))))))) ,) (VP harped (PP-CLR on (NP (NP international outrage) (PP over (NP the massacre))))) .)) (TOP (S (NP-SBJ The Chinese) , (PP in (NP turn)) , (VP took (NP-CLR aim) (PP-CLR at (NP (NP American `` interference '') (PP-LOC in (NP (NP China 's) domestic affairs))))) .)) (TOP (S (NP-SBJ (NP One official newspaper) , (NP Legal Daily) ,) (ADVP even) (VP (ADVP-MNR directly) criticized (NP (NP Mr. Nixon) , (SBAR (WHNP-240 who) (S (NP-SBJ-1 *T*-240) (VP is (ADVP-TMP normally) (VP referred (PP to (NP *T*-1)) (ADVP-LOC here) (PP-CLR as (NP an `` old friend)))))))) . '')) (TOP (S (NP-SBJ The paper) (VP accused (NP-3 him) (PP-CLR of (S-NOM (NP-SBJ *-3) (VP being (NP-PRD (NP a leading proponent) (PP of (NP `` (NP peaceful evolution) , '' (NP (NP a catch phrase) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP describe (SBAR-NOM (WHNP-1 what) (S (NP-SBJ China) (VP believes (SBAR 0 (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP the policy (S *ICH*-4)) (PP of (NP Western countries)) (S-4 (NP-SBJ *) (VP to (VP seduce (NP socialist nations) (PP-CLR into (NP the capitalist sphere)))))))))))) (ADVP-MNR *T*-2))))))))))))) .)) (TOP (S (NP-SBJ The tension) (VP was (ADJP-PRD evident) (PP-TMP on (NP Wednesday evening)) (PP-TMP during (NP (NP (NP Mr. Nixon 's) final banquet toast) , (ADVP-TMP normally) (NP (NP an opportunity) (PP for (S-NOM (NP-SBJ *) (VP reciting (NP (NP platitudes) (PP about (NP eternal friendship)))))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ Mr. Nixon) (VP reminded (NP (NP his host) , (NP Chinese President Yang Shangkun) ,) (SBAR that (S (NP-SBJ Americans) (VP have n't (VP forgiven (NP (NP China 's) leaders) (PP-CLR for (NP (NP the military assault) (PP of (NP June 3-4)) (SBAR (WHNP-241 that) (S (NP-SBJ *T*-241) (VP killed (NP (NP hundreds , and perhaps thousands) , (PP of (NP demonstrators))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP Many) (PP-LOC in (NP the United States)) , (PP including (NP (NP many friends) (PP of (NP China)))) ,) (VP believe (SBAR 0 (S (NP-SBJ the crackdown) (VP was (ADJP-PRD excessive and unjustified)))))) , '' (NP-SBJ Mr. Nixon) (VP told (NP (NP Mr. Yang) , (SBAR (WHNP-242 who) (S (NP-SBJ-2 *T*-242) (VP was (VP (ADVP-MNR directly) involved (NP *-2) (PP-CLR in (S-NOM (NP-SBJ *) (VP ordering (NP the attack))))))))) (S *T*-1)) .)) (TOP (S `` (NP-SBJ (NP The events) (PP of (NP April through June))) (VP damaged (NP (NP the respect and confidence) (SBAR (WHNP-1 which) (S (NP-SBJ most Americans) (ADVP-TMP previously) (VP had (NP *T*-1)))) (PP for (NP (NP the leaders) (PP of (NP China)))))) . '')) (TOP (S (NP-SBJ The Chinese) (VP responded (PP-MNR in (NP an equally undiplomatic fashion))) .)) (TOP (S (PP-LOC In (NP (NP talks) (PP with (NP Mr. Nixon)))) , (NP-SBJ Chinese leaders) (VP (VP expressed (NP (NP no regret) (PP for (NP the killings)))) , and (VP (ADVP even) suggested (SBAR that (S (NP-SBJ-1 the U.S.) (VP was (VP (ADVP-MNR prominently) involved (NP *-1) (PP-CLR in (NP (NP the demonstrations) (NP-TMP this spring))))))))) .)) (TOP (S (PP-LOC In (NP a meeting)) (NP-TMP Tuesday) , (NP-SBJ (NP supreme leader) , (NP Deng Xiaoping) ,) (VP told (NP Mr. Nixon) , `` (S (S-ADV (NP-SBJ *) (VP (ADVP-MNR Frankly) speaking)) , (NP-SBJ-146 the U.S.) (VP was (VP involved (NP *-146) (ADVP-MNR too deeply) (PP-CLR in (NP (NP the (NX (NX turmoil) and (NX counterrevolutionary rebellion))) (SBAR (WHNP-243 which) (S (NP-SBJ *T*-243) (VP occurred (PP-LOC in (NP Beijing)) (ADVP-TMP not long ago)))))))))) .)) (TOP (S (S (NP-SBJ China) (VP was (NP-PRD the real victim))) and (S (NP-SBJ (NP it) (S *EXP*-1)) (VP is (ADJP-PRD unjust) (S-1 (NP-SBJ *) (VP to (VP reprove (NP China) (PP-PRP for (NP it))))))) . '')) (TOP (S (PP Despite (NP the harsh exchanges)) , (NP-SBJ-1 (NP the U.S.) and (NP China)) (ADVP-TMP still) (VP seem (S (NP-SBJ *-1) (VP to (VP be (VP looking (PP-CLR for (NP (NP a way) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP mend (NP (NP relations) , (SBAR (WHNP-244 which) (S (NP-SBJ *T*-244) (VP have (VP deteriorated (PP-CLR into (SBAR-NOM (WHNP-2 what) (S (NP-SBJ Mr. Nixon) (VP referred (PP to (NP *T*-2)) (PP-CLR as (NP `` (NP the greatest crisis) (PP-LOC in (NP Chinese-American relations)) '' (PP-TMP since (NP (NP his initial visit) (PP to (NP China)) (ADVP-TMP (NP 17 years) ago)))))))))))))) (ADVP-MNR *T*-3)))))))))))) .)) (TOP (S (PP-LOC In (NP (NP his return toast) (PP to (NP Mr. Nixon)))) , (NP-SBJ Mr. Yang) (VP said (SBAR 0 (S (NP-SBJ the relationship) (VP had (VP reached (NP a `` stalemate)))))) . '')) (TOP (S (NP-SBJ (NP Relations) (PP-LOC between (NP (NP China) and (NP the U.S.)))) (VP have (VP been (ADJP-PRD tense) (PP-TMP since (NP (NP June 7) , (SBAR (WHADVP-1 when) (S (NP-SBJ (NP (NP Chinese dissident Fang Lizhi) and (NP (NP his wife) , (NP Li Shuxian) ,))) (VP took (NP-CLR refuge) (PP-LOC-CLR in (NP (NP the U.S. Embassy) (PP-LOC in (NP Beijing)))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (ADVP-TMP Shortly afterwards) , (NP-SBJ Mr. Bush) (VP imposed (NP (NP a series) (PP of (NP (NP anti-China sanctions) , (PP including (NP (NP suspension) (PP of (NP most high-level talks)))) , (SBAR (WHNP-1 which) (S (NP-SBJ-147 *T*-1) (VP could (VP be (VP codified (NP *-147) (PP-LOC in (NP U.S. congressional legislation)) (PP-TMP in (NP the coming weeks))))))))))) .)) (TOP (S (S (NP-SBJ Mr. Nixon) (VP is (VP traveling (PP-LOC in (NP China)) (PP-MNR as (NP a private citizen))))) , but (S (NP-SBJ he) (VP has (VP made (S (ADJP-PRD clear) (SBAR-SBJ that (S (NP-SBJ he) (VP is (NP-PRD (NP an unofficial envoy) (PP for (NP the Bush administration)))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Nixon) (VP met (NP (NP Mr. Bush) and (NP (NP his national security adviser) , (NP Brent Scowcroft) ,)) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP coming (PP-DIR to (NP China)) (PP-TMP on (NP Saturday)))))) .)) (TOP (S (S-TPC-2 And (NP-SBJ-1 he) (VP plans (S (NP-SBJ *-1) (VP to (VP brief (NP the president) (PP-TMP at (NP (NP the end) (PP of (NP the week))))))))) , (NP-SBJ U.S. sources) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 Mr. Nixon) (VP was (S (NP-SBJ *-1) (VP to (VP leave (NP China) (NP-TMP today))))) .)) (TOP (S (PP According (PP to (NP (NP an American member) (PP of (NP the Nixon party))))) , (NP-SBJ the former president) (VP raised (NP (NP a number) (PP of (NP controversial issues))) (PP-LOC in (NP (NP his 20 hours) (PP of (NP (NP talks) (PP with (NP top-level Chinese officials))))))) .)) (TOP (S (NP-SBJ These) (VP included (NP (NP (NP China 's) economic policies) , (NP human rights) and (NP (NP the question) (PP of (NP Mr. Fang))))) .)) (TOP (S (NP-SBJ Mr. Nixon) (ADVP also) (VP proposed (SBAR that (S (NP-SBJ China) (VP restore (NP (NP its participation) (PP in (NP (NP the Fulbright Program) , (NP a (ADJP U.S. government-funded) academic exchange)))))))) .)) (TOP (S (NP-SBJ China) (VP pulled (ADVP-CLR out (PP of (NP the program))) (PP-TMP in (NP July))) .)) (TOP (S (PP-LOC In (NP his talks)) , (NP-SBJ the former president) (VP urged (NP-1 (NP China 's) leaders) (S (NP-SBJ *-1) (VP to (VP (VP acknowledge (SBAR that (S (NP-SBJ their nation) (VP is (NP-PRD (NP part) (PP of (NP the world community))))))) and (VP welcome (NP (NP the infusion) (PP of (NP outside contacts and ideas)))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ Ideas) (VP are (VP going (PP-DIR over (NP borders))))) , and (S (NP-SBJ there) (VP 's (NP-PRD (NP no SDI ideological weapon) (SBAR (WHNP-245 that) (S (NP-SBJ *T*-245) (VP can (VP shoot (NP them) (PRT down))))))))) , '' (NP-SBJ he) (VP told (NP (NP a group) (PP of (NP Americans))) (S *T*-1) (PP-LOC at (NP the U.S. Embassy)) (PP-TMP on (NP Wednesday))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP no signs) (PRN , (ADVP however) ,) (PP of (S-NOM (NP-SBJ China 's) (VP yielding (PP-CLR on (NP key issues))))))) .)) (TOP (S But (PP-LOC in (NP one minor matter)) , (NP-SBJ-1 Mr. Nixon) (VP appears (S (NP-SBJ *-1) (VP to (VP have (VP gained (NP a concession)))))) .)) (TOP (S (PP-LOC In (NP (NP a meeting) (PP with (NP Premier Li Peng)) (PP-TMP on (NP Monday)))) , (NP-SBJ Mr. Nixon) (VP said (SBAR that (S (NP-SBJ he) (VP hoped (SBAR 0 (S (NP-SBJ he) (VP would n't (VP encounter (NP (NP guards) (PP with (NP machine guns))) (PP-TMP during (NP (NP his visit) (PP to (NP the U.S. Embassy)))))))))))) .)) (TOP (S (ADVP Sure enough) , (SBAR-TMP (WHADVP when) (S (NP-SBJ he) (VP arrived (PP-DIR at (NP the embassy)) (ADVP-TMP (NP two days) later)))) , (NP-SBJ the machine-gun-toting guards) (VP were (ADJP-PRD gone) -- (PP-TMP for (NP (NP the first time) (PP-TMP in (NP five months))))) .)) (TOP (S (ADVP-LOC (NP A few blocks) away) , (PP-LOC at (NP (NP the U.S. ambassador 's) residence)) , (NP-SBJ (NP the guards) (VP encircling (NP the compound))) (ADVP also) (VP had (VP discarded (NP their Uzi-model arms) (PP-TMP for (NP (NP the first time) (PP-TMP since (NP early June)))))) .)) (TOP (S But (S (NP-SBJ the guards there) (VP retained (NP their pistols))) , and (S (NP-SBJ (NP a large contingent) (PP of (NP plainclothes police))) (VP remained (ADVP-LOC-CLR nearby) (PP-LOC in (NP unmarked cars)))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ-1 police and soldiers) (VP continue (S (NP-SBJ *-1) (VP to (VP harass (NP (NP Americans) , (SBAR (WHNP-246 who) (S (NP-SBJ *T*-246) (VP have (VP filed (NP several protests) (PP-CLR with (NP the Foreign Ministry)) (PP-TMP in (NP the past week))))))))))) .)) (TOP (S (NP-TMP Several times) , (NP-SBJ Chinese guards) (VP have (VP (VP pointed (NP their automatic rifles) (PP-CLR at (NP (NP young children) (PP of (NP U.S. diplomats))))) and (VP clicked (NP the trigger)))) .)) (TOP (S (NP-SBJ-1 The rifles) (VP were n't (VP loaded (NP *-1))) .)) (TOP (S (NP-SBJ (NP Your Oct. 6 article) `` (S-TTL (NP-SBJ (NP Japan 's) Financial Firms) (VP Lure (NP Science Graduates))) '') (VP states , `` (S (NP-SBJ Industrial companies) (VP are (VP accusing (NP-1 financial institutions) (PP-CLR of (S-NOM (NP-SBJ-2 *-1) (VP jeopardizing (NP (NP Japan 's) economy) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP raising (NP (NP the salary stakes) (PP for (NP new employees))))))))))))) . '')) (TOP (S (NP-SBJ The Japanese industrial companies) (VP should (VP know (ADVP-CLR better))) .)) (TOP (S (NP-SBJ They) (VP are (VP barking (PP-CLR up (NP the wrong tree)) , (SBAR-PRP because (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADVP basically) (NP-PRD their fault) (SBAR-1 0 (S (NP-SBJ they) (VP ca n't (VP attract (NP new employees)))))))))) .)) (TOP (S (NP-SBJ (NP Takuma Yamamoto) , (NP (NP president) (PP of (NP Fujitsu Ltd.))) ,) (VP believes `` (SBAR 0 (S (NP-SBJ (NP the ` money worship ') (PP-LOC among (NP young people))) ... (VP caused (NP the problem))))) . '')) (TOP (S (NP-SBJ He) (VP is (VP (ADVP just) passing (NP the buck) (PP-DIR to (NP young people)))) .)) (TOP (SBARQ (WHNP-247 What) (SQ (NP-SBJ *T*-247) (VP 's (ADJP-PRD wrong (PP with (S-NOM (NP-SBJ *) (VP asking (PP-CLR for (NP more money)))))))) ?)) (TOP (S (S (NP-SBJ Money) (VP is not (NP-PRD everything))) , but (S (NP-SBJ it) (VP is (ADJP-PRD necessary))) , and (S (NP-SBJ business) (VP is not (NP-PRD volunteer work))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP is not (ADJP-PRD unethical) (S-1 (NP-SBJ *) (VP to (VP choose (NP a higher-salaried job))))) .)) (TOP (S (ADVP Unfortunately) , (NP-SBJ Japanese manufacturers) (VP have (NP neither (NP good working conditions) nor (NP good compensation packages))) .)) (TOP (S (NP-SBJ I) (VP get (NP the impression (SBAR that (S (NP-SBJ some Japanese managers) (VP believe (SBAR 0 (S (S-NOM-SBJ (NP-SBJ *) (VP working (ADVP-MNR harder) (PP-CLR for (NP less money)))) (VP is (ADJP-PRD beautiful))))))))) .)) (TOP (S (S (NP-SBJ I) (VP visited (NP (NP a lot) (PP of (NP major Japanese manufacturers))))) , but (S (NP-SBJ I) (ADVP-TMP never) (VP felt (SBAR 0 (S (NP-SBJ-1 I) (VP would (VP want (S (NP-SBJ-149 *-1) (VP to (VP be (VP employed (NP *-149) (PP by (NP-LGS (NP any) (PP of (NP them)))))))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Many) (PP of (NP them))) (ADVP-TMP recently) (VP have (VP been (VP spending (NP (NP a lot) (PP of (NP money))) (PP-CLR on (NP (NP public relations) and (NP advertising))) (S-PRP (NP-SBJ *-1) (VP to (VP improve (NP their images)))))))) , but (S (NP-SBJ they) (VP should (VP realize (SBAR that (S (NP-SBJ the most important thing) (VP is (NP-PRD (NP real change) , not (S-NOM (NP-SBJ *) (VP changing (NP (NP people 's) perceptions)))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the Japanese companies) (VP are (VP (ADVP-MNR seriously) considering (NP their survival))))) , (NP-SBJ-1 they) (VP could (VP do (NP (NP (QP at least three) things) (VP *ICH*-2)) (S-PRP (NP-SBJ *-1) (VP to (VP improve (NP the situation)))) : (VP-2 (VP raise (S (NP-SBJ salaries) (ADJP-PRD (ADJP higher) (PP than (NP (NP those) (PP of (NP financial institutions))))))) ; (VP improve (NP (NP working conditions) (PRN -LRB- (NP (NP better offices) and (NP more vacations)) , (PP for (NP example)) -RRB-))) ; (VP accept and hire (NP more labor) (PP-DIR-CLR from (PP outside (NP Japan))))))) .)) (TOP (NP Hiroshi Asada)) (TOP (S (PP In (NP (NP reference) (PP to (NP (NP your Oct. 9 page-one article) `` (S-TTL (NP-SBJ Barbara Bush) (VP Earns (NP (NP (ADJP Even Higher) Ratings) (PP Than (NP the President))))))))) , '' (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD regrettable) (SBAR-1 that (S (NP-SBJ you) (VP must (ADVP-TMP continually) (VP define (NP blacks) (PP-MNR by (NP our negatives)))) : `` (S (PP-LOC Among (NP liberals)) , (NP-SBJ 60 %) (VP have (NP (NP positive views) (PP of (NP her))) , (SBAR-ADV while (S (NP-SBJ 50 %) (VP approve (PP-CLR of (NP (NP the president 's) job performance)))))))))) .)) (TOP (S (PP In (NP part)) , (NP-SBJ this) (VP may (VP reflect (NP the fact (SBAR that (S ` (NP-SBJ she) (VP speaks (NP (NP a (ADJP more progressive) language) ' (SBAR than (S (NP-SBJ her husband) (VP *?*)))) , (SBAR-ADV as (S (NP-SBJ (NP Columbia 's) Prof . -LCB- Ethel -RCB- Klein) (VP puts (NP it)))))))))) .)) (TOP (S (PP-LOC Among (NP professionals)) , (NP-SBJ 76 %) (VP have (NP (NP a favorable opinion) (PP of (NP her))) , (PP compared (PP to (NP (NP 62 %) (SBAR (WHNP-248 who) (S (NP-SBJ *T*-248) (VP approve (PP-CLR of (NP (NP her husband 's) performance))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP a quarter) (PP of (NP black voters))) (VP disapprove (PP-CLR of (NP (NP (NP Mr. Bush 's) handling) (PP of (NP his job))))))) , (NP-SBJ (QP only 15) %) (VP have (NP (NP a negative view) (PP of (NP his spouse)))) . '')) (TOP (S (NP-SBJ The statistics) (VP imply (SBAR that (S (S (NP-SBJ (NP three-quarters) (PP of (NP blacks))) (VP approve (PP-CLR of (NP (NP Mr. Bush 's) job performance)))) and (S (NP-SBJ (NP 85 %) (PP of (NP blacks))) (VP approve (PP-CLR of (NP Mrs. Bush))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the assumption) (VP is (SBAR-PRD that (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD surprising) (SBAR-1 that (S (NP-SBJ (ADJP so few) blacks) (VP find (S (NP-SBJ Mr. and Mrs. Bush) (ADJP-PRD distasteful))))))))))) , (NP-SBJ the positive view) (VP is (ADJP-PRD (ADVP even more) newsworthy)) .)) (TOP (S (NP-SBJ (NP Such an editorial point) (PP of (NP view))) (VP perpetuates (NP an insidious , stereotyped perspective)) .)) (TOP (SBARQ (WHADVP Why) (SQ are (NP-SBJ-1 (NP we) (NP blacks)) (ADVP-TMP continually) (VP defined (NP *-1) (PP by (NP-LGS (NP our minority) and (NP the lowest common denominator))))) .)) (TOP (NP (NP Preston G. Foster) (NP-LOC (NP Birmingham) , (NP Ala)) .)) (TOP (S (NP-SBJ (NP (NP The National Association) (PP of (NP Securities Dealers))) , (NP (NP the self-regulatory organization) (PP for (NP the over-the-counter securities markets))) ,) (VP disciplined (NP (NP a number) (PP of (NP firms and individuals))) (PP-CLR for (NP (NP alleged violations) (PP of (NP industry rules))))) .)) (TOP (S (S (NP-SBJ-150 Two firms) (VP were (VP expelled (NP *-150) (PP-CLR from (NP the NASD))))) , (S (NP-SBJ-1 three) (VP were (VP suspended or barred (NP *-1)))) and (S (NP-SBJ-151 nine) (VP were (VP fined (NP *-151)))) .)) (TOP (S (NP-SBJ-1 (NP (NP First Securities Group) (PP of (NP California))) and (NP (NP a principal) (PP of (NP the firm)) , (NP (NP Louis Fernando Vargas) (PP of (NP (NP Marina del Rey) , (NP-LOC Calif.)))) ,)) (VP were (VP (ADVP-MNR jointly) (VP fined (NP *-1) (NP $ 15,000 *U*)) and (VP expelled (NP *-1)) (PP for (NP (NP alleged violations) (PP of (NP (NP reporting requirements) (PP on (NP securities sales)))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ-152 Mr. Vargas) (VP was (VP barred (NP *-152) (PP-CLR from (NP (NP association) (PP with (NP any NASD member)))))) .)) (TOP (S (NP-SBJ-153 Neither (NP (NP First Securities) , (PP of (NP Beverly Hills)) ,) nor (NP Mr. Vargas)) (VP could (VP be (VP reached (NP *-153) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-SBJ A telephone-information operator) (VP had (NP (NP no listing) (PP for (NP either party)))) .)) (TOP (S (NP-SBJ-1 (NP (NP J.L. Henry & Co.) , (NP-LOC Miami) ,) and (NP (NP a principal) (PP of (NP the firm)) , (NP (NP Henry I. Otero) (PP of (NP Miami))) ,)) (VP were (VP (ADVP-MNR jointly) (VP fined (NP *-1) (NP $ 30,000 *U*)) and (VP expelled (NP *-1)) , (PP for (NP (NP alleged improper use) (PP of (NP (NP a customer 's) funds)) , (PP-LOC among (NP other things)))))) .)) (TOP (S (ADVP Also) , (NP-SBJ-154 Mr. Otero) (VP was (VP barred (NP *-154) (PP-CLR from (NP (NP association) (PP with (NP any NASD member)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ J.L. Henry) (VP has n't (NP any Miami telephone listing))) , (NP-SBJ an operator) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-155 (NP Mr. Otero) , (SBAR (WHNP-249 who) (S (NP-SBJ *T*-249) (ADVP apparently) (VP has (NP an unpublished number)))) ,) (ADVP also) (VP could n't (VP be (VP reached (NP *-155)))) .)) (TOP (S (NP-SBJ-1 (NP (NP Biscayne Securities Corp.) , (PP of (NP (NP Lauderhill) , (NP-LOC Fla.) ,))) and (NP (NP a principal) (PP of (NP the firm)) , (NP (NP Alvin Rosenblum) (PP of (NP (NP Plantation) , (NP-LOC Fla.) ,))))) (VP were (VP (ADVP-MNR jointly) (VP fined (NP *-1) (NP $ 20,000 *U*)) and (VP given (NP *-1) (NP 10-day suspensions)) (PP for (S-NOM (NP-SBJ *) (ADVP allegedly) (VP selling (NP securities) (PP-CLR at (NP unfair prices))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Biscayne) (VP has n't (NP any telephone listing))) , (NP-SBJ an operator) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-156 (NP Mr. Rosenblum) , (SBAR (WHNP-250 who) (S (NP-SBJ *T*-250) (ADVP apparently) (VP has (NP an unpublished phone number)))) ,) (ADVP also) (VP could n't (VP be (VP reached (NP *-156)))) .)) (TOP (S (NP-SBJ-1 (NP (NP Triton Securities) , (PP of (NP (NP Danville) , (NP-LOC Calif.) ,))) and (NP (NP a principal) (PP of (NP the firm)) , (NP (NP Delwin George Chase) , (PP (ADVP also) of (NP Danville)) ,))) (VP were (VP (ADVP-MNR jointly) (VP fined (NP *-1) (NP $ 10,000 *U*)) and (VP given (NP *-1) (NP 30-day suspensions)) (PP as (NP (NP part) (PP of (NP a settlement)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ *-1) (VP neither admitting nor denying (NP wrongdoing)))) , (NP-SBJ-1 (NP Triton) and (NP Mr. Chase)) (VP consented (PP-CLR to (NP (NP findings) (PP of (NP (NP violations) (PP in (NP (NP connection) (PP with (NP limited-partnership sales))))))))) .)) (TOP (S (NP-SBJ-157 (NP Officials) (PP of (NP Triton))) (VP could n't (VP be (VP reached (NP *-157) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-SBJ Mr. Chase) (VP did n't (VP return (NP (NP a telephone call) (PP to (NP his office))))) .)) (TOP (S (NP-SBJ (NP (NP Crane & Co. Securities Inc.) , (PP of (NP (NP Mount Clemens) , (NP-LOC Mich.) ,))) and (NP (NP its president) , (NP (NP Glenn R. Crane) , (PP of (NP (NP Sterling Heights) , (NP-LOC Mich.) ,))))) (VP consented (PP-CLR to (NP (NP a joint fine) (PP of (NP $ 10,000 *U*))))) .)) (TOP (S (PP Without (S-NOM (NP-SBJ *-1) (VP admitting or denying (NP wrongdoing)))) , (NP-SBJ-1 they) (VP consented (PP-CLR to (NP (NP findings) (PP of (NP (NP violations) (PP of (NP escrow and record-keeping rules))))))) .)) (TOP (S (NP-SBJ Mr. Crane) (VP did n't (VP return (NP (NP a call) (VP seeking (NP comment))))) .)) (TOP (S (NP-SBJ (NP First Commonwealth Securities Corp. , (PP of (NP New Orleans)) ,) and (NP (NP its president) , (NP (NP Kenneth J. Canepa) , (PP (ADVP also) of (NP New Orleans))) ,)) (VP consented (PP-CLR to (NP a (ADJP $ 10,000 *U*) fine))) .)) (TOP (S (ADVP Also) , (NP-SBJ Mr. Canepa) (VP received (NP a two-week suspension) `` (PP in (NP a principal capacity))) . '')) (TOP (S (PP Without (S-NOM (NP-SBJ *-1) (VP admitting or denying (NP wrongdoing)))) , (NP-SBJ-1 they) (VP consented (PP-CLR to (NP findings (SBAR that (S (NP-SBJ they) (VP had (VP (VP (ADVP-MNR inaccurately) represented (NP (NP the firm 's) net capital)) , (VP maintained (NP inaccurate books and records)) , and (VP made (NP other violations))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Canepa) (VP (VP confirmed (SBAR 0 (S (NP-SBJ he) (VP had (VP consented (PP-CLR to (NP the sanctions))))))) but (VP declined (S (NP-SBJ *-1) (VP to (VP comment (ADVP further)))))) .)) (TOP (S (NP-SBJ (NP (NP Weatherly Securities Corp.) , (NP-LOC New York) ,) and (NP (NP (NP three) (PP of (NP its principals))) (PRN -- (NP (NP (NP (NP Dell Eugene Keehn) and (NP William Northy Prater Jr.)) , (NP (NP both) (PP of (NP (NP Mercer Island) , (NP-LOC Wash.))))) , and (NP (NP Thomas Albert McFall) , (PP of (NP (NP Red Bank) , (NP-LOC N.J .)))))) --)) (VP consented (PP-CLR to (NP (NP a fine) (PP of (NP $ 20,000 *U*))))) .)) (TOP (S (PP Without (S-NOM (NP-SBJ *-1) (VP admitting or denying (NP wrongdoing)))) , (NP-SBJ-1 they) (VP consented (PP-CLR to (NP findings (SBAR that (S (NP-SBJ-2 they) (VP failed (S (NP-SBJ *-2) (VP to (VP return (NP (NP funds) (VP owed (NP *) (PP-CLR to (NP customers)) (PP in (NP (NP connection) (PP with (NP a limited-partnership offering))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Reached (NP *-1) (PP-LOC-CLR at (NP his office)))) , (NP-SBJ-2 (NP Mr. McFall) , (NP (ADVP-TMP currently) chairman) ,) (VP said , `` (S (NP-SBJ An implication (SBAR that (S (NP-SBJ-3 we) (VP failed (S (NP-SBJ *-3) (VP to (VP return (NP investor funds)))))))) (VP is (ADJP-PRD inappropriate and inaccurate)))) . '')) (TOP (S (NP-SBJ He) (VP described (NP the situation) (PP-CLR as (NP `` (NP (NP an escrow problem) , (NP a timing issue)) , '' (SBAR (WHNP-1 which) (S (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ-2 *T*-1) (VP was (ADVP-TMP rapidly) (VP rectified (NP *-2) , (PP with (NP (NP no losses) (PP to (NP customers)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP W.N. Whelen & Co.) , (PP of (NP (NP Georgetown) , (NP-LOC Del.)))) , and (NP (NP its president) , (NP (NP William N. Whelen Jr.) , (PP (ADVP also) of (NP Georgetown))) ,)) (VP (VP were (VP barred (NP-2 *-1) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP transacting (NP principal trades)))) (PP-TMP for (NP 90 days)))) and (VP were (VP (ADVP-MNR jointly) fined (NP *-1) (NP $ 15,000 *U*)))) .)) (TOP (S (NP-SBJ (NP The firm) and (NP Mr. Whelen)) (ADVP allegedly) (VP sold (NP securities) (PP-CLR to (NP the public)) (PP-CLR at (NP unfair prices)) , (PP among (NP other alleged violations))) .)) (TOP (S (NP-SBJ Mr. Whelen) (VP (VP denied (SBAR 0 (S (NP-SBJ the firm) (VP had (VP sold (NP securities) (PP-CLR at (NP unfair prices))))))) and (VP suggested (SBAR that (S (NP-SBJ (NP the examination practices) (PP of (NP the NASD))) (VP need (NP improvement)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The firm) and (NP the NASD)) (VP differ (PP over (NP (NP the meaning) (PP of (NP markup and markdown)))))) , (NP-SBJ he) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Shearson Lehman Hutton Inc.) , (NP-LOC New York) , (SBAR (WHNP-251 which) (S (NP-SBJ-1 *T*-251) (VP is (VP 62%-owned (NP *-1) (PP by (NP-LGS American Express Co.)))))) ,) (VP consented (PP-CLR to (NP a (ADJP $ 10,000 *U*) fine))) .)) (TOP (S (PP Without (S-NOM (NP-SBJ *-1) (VP admitting or denying (NP wrongdoing)))) , (NP-SBJ-1 the firm) (VP consented (PP-CLR to (NP findings (SBAR that (S (NP-SBJ-2 it) (VP failed (S (NP-SBJ *-2) (VP to (VP respond `` (PP-MNR in (NP a timely manner)) '' (PP-CLR to (NP (NP (NP the NASD 's) requests) (PP for (NP (NP information) (PP in (NP (NP connection) (PP with (NP a customer complaint))))))))))))))))) .)) (TOP (S (NP-SBJ A Shearson spokesman) (VP had (NP no comment)) .)) (TOP (S (NP-SBJ-2 The following individuals) (VP were (VP (VP fined (NP *-2) (SBAR-MNR as (S (NP-SBJ-1 *) (VP indicated (NP *-1))))) and (VP barred (NP *-2) (PP-CLR from (NP (NP association) (PP with (NP NASD members))))) , or (VP (PRN , (SBAR-LOC (WHADVP-4 where) (S (NP-SBJ-3 *) (VP noted (NP *-3) (ADVP-LOC *T*-4)))) ,) suspended (NP *-2)))) .)) (TOP (S (PP Except (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ-3 *) (VP noted (NP *-3) (ADVP-LOC *T*-1))))) , (NP-SBJ-2 (NP none) (PP of (NP these people))) (VP (VP could (VP be (VP reached (NP *-2) (PP-CLR for (NP comment))))) or (VP had (NP any comment))) .)) (TOP (FRAG (FRAG (NP-SBJ-1 (NP Andrew Derel Adams) , (NP-LOC (NP Killeen) , (NP Texas))) , (VP fined (NP *-1) (NP $ 15,000 *U*))) ; (FRAG (NP-SBJ (NP John Francis Angier Jr.) , (NP-LOC (NP Reddington Shores) , (NP Fla.) ,)) (NP $ 15,000 *U*)) ; (FRAG (NP-SBJ (NP Mark Anthony) , (NP-LOC (NP Arlington Heights) , (NP Ill.) ,)) (NP (NP $ 10,000 *U*) and (NP 30-day suspension))) ; (FRAG (NP-SBJ (NP William Stirlen) , (NP-LOC (NP Arlington Heights) , (NP Ill.) ,)) (NP (NP $ 7,500 *U*) and (NP 30-day suspension))) ; (FRAG (NP-SBJ (NP Fred W. Bonnell) , (NP-LOC (NP Boulder) , (NP Colo.) ,)) (NP (NP $ 2,500 *U*) and (NP six-month suspension))) ; (NP (NP Michael J. Boorse) , (NP-LOC (NP Horsham) , (NP Pa.))) ; (FRAG (NP-SBJ-3 (NP David Chiodo) , (NP-LOC Dallas) ,) (NP $ 5,000 *U*) , (VP barred (NP *-3) (PP-CLR as (NP a principal)))) ; (FRAG (NP-SBJ (NP Camille Chafic Cotran) , (NP-LOC London) ,) (NP $ 25,000 *U*)) ; (FRAG (NP-SBJ-4 John William Curry) , (VP (VP fined (NP *-4) (NP $ 5,000 *U*)) , (VP ordered (NP-2 *-4) (S (NP-SBJ *-2) (VP to (VP disgorge (NP $ 30,000 *U*)))))) , (NP one-year suspension)) .)) (TOP (FRAG (FRAG (NP-SBJ-4 (NP John William Davis) , (NP-LOC (NP Colonsville) , (NP Miss.))) , (VP fined (NP *-4) (NP $ 200,000 *U*))) ; (FRAG (NP-SBJ (NP Jeffrey Gerard Dompierre) , (NP-LOC (NP Valrico) , (NP Fla.))) , (NP (NP $ 5,000 *U*) and (NP 10-day suspension))) ; (FRAG (NP-SBJ-3 (NP Eugene Michael Felten) , (NP-LOC (NP La Canada) , (NP Calif.))) , (VP (VP fined (NP *-3) (NP $ 25,000 *U*)) , (VP ordered (NP-2 *-3) (S (NP-SBJ *-2) (VP to (VP disgorge (NP $ 16,072 *U*))))) and (VP (VP suspended (NP *-3) (NP-TMP one year))))) ; (FRAG (NP-SBJ-5 (NP Marion Stewart Spitler) , (NP-LOC La Canada) ,) (VP (VP fined (NP *-5) (NP $ 15,000 *U*)) , (VP ordered (NP-1 *-5) (S (NP-SBJ *-1) (VP to (VP disgorge (NP $ 18,444 *U*))))) and (VP (VP suspended (NP *-5) (NP-TMP six months))))) .)) (TOP (S (NP-SBJ Mr. Felten) (VP said , `` (S (S (NP-SBJ We) (VP got (SBAR-NOM (WHNP-252 what) (S (NP-SBJ *T*-252) (VP amounted (PP-CLR to (NP a parking ticket))))))) , and (S (PP-MNR by (S-NOM (NP-SBJ *-1) (VP complaining (PP-CLR about (NP it))))) , (NP-SBJ-1 we) (VP ended (PRT up) (PP-CLR with (NP a sizable fine and suspension)))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ The matter) `` (VP did n't (VP involve (NP (NP anybody 's) securities transactions)))) , '' (NP-SBJ he) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (FRAG (FRAG (NP-SBJ-1 (NP Victor Stanley Fishman) , (NP-LOC (NP Longwood) , (NP Fla.))) , (VP fined (NP *-1) (NP $ 25,000 *U*))) ; (FRAG (NP-SBJ (NP William Harold Floyd) , (NP-LOC Houston) ,) (NP $ 100,000 *U*)) ; (FRAG (NP-SBJ (NP Michael Anthony Houston) , (NP-LOC (NP Bronx) , (NP N.Y.)) ,) (NP $ 15,000 *U*)) ; (FRAG (NP-SBJ (NP Amin Jalaalwalikraam) , (NP-LOC (NP Glenham) , (NP N.Y.)) ,) (NP $ 60,000 *U*)) ; (FRAG (NP-SBJ (NP Richard F. Knapp) , (NP-LOC London) ,) (NP (NP $ 10,000 *U*) and (NP 30-day suspension))) ; (FRAG (NP-SBJ (NP Deborah Renee Martin) , (NP-LOC St. Louis) ,) (NP $ 15,000 *U*)) ; (FRAG (NP-SBJ (NP Joseph Francis Muscolina Jr.) , (NP-LOC (NP Palisades Park) , (NP N.J.))) , (NP $ 15,000 *U*)) ; (FRAG (NP-SBJ (NP Robert C. Najarian) , (NP-LOC (NP Brooklyn Park) , (NP Minn.)) ,) (NP $ 15,000 *U*)) ; (FRAG (NP-SBJ (NP Edward Robert Norwick) , (NP-LOC (NP Nesconset) , (NP N.Y.)) ,) (NP $ 30,000 *U*)) .)) (TOP (FRAG (FRAG (NP-SBJ-1 (NP Charles D. Phipps Sr.) , (NP-LOC (NP Hermitage) , (NP Pa.)) ,) (VP fined (NP *-1) (NP $ 10,000 *U*))) ; (FRAG (NP-SBJ (NP David Scott Rankin) , (NP-LOC (NP Lake St. Louis) , (NP Mo.)) ,) (NP $ 15,000 *U*)) ; (FRAG (NP-SBJ-2 (NP Leigh A. Sanderoff) , (NP-LOC (NP Gaithersburg) , (NP Md.)) ,) (VP (VP fined (NP *-2) (NP $ 45,000 *U*)) , (VP ordered (NP-3 *-2) (S (NP-SBJ *-3) (VP to (VP disgorge (NP $ 12,252 *U*))))))) ; (FRAG (NP-SBJ (NP Sandra Ann Smith) , (NP-LOC (NP Ridgefield) , (NP N.J.)) ,) (NP $ 15,000 *U*)) ; (FRAG (NP-SBJ (NP James G. Spence) , (NP-LOC (NP Aloha) , (NP Ore.)) ,) (NP (NP $ 5,000 *U*) and (NP six-month suspension))) ; (FRAG (NP-SBJ (NP Mona Sun) , (NP-LOC (NP Jamaica Estates) , (NP N.Y.)) ,) (NP $ 60,000 *U*)) ; (FRAG (NP-SBJ (NP William Swearingen) , (NP-LOC Minneapolis)) , (NP (NP $ 15,000 *U*) and (NP six-month suspension))) ; (FRAG (NP-SBJ (NP John Bew Wong) , (NP-LOC San Francisco) ,) (NP $ 25,000 *U*)) ; (FRAG (NP-SBJ (NP Rabia M. Zayed) , (NP-LOC San Francisco) ,) (NP $ 50,000 *U*)) .)) (TOP (S (NP-SBJ-1 (NP The following) (FRAG *ICH*-2)) (VP were (VP neither barred nor suspended (NP *-1))) : (FRAG-2 (FRAG (NP-SBJ-3 (NP Stephanie Veselich Enright) , (NP-LOC (NP Rolling Hills) , (NP Calif.)) ,) (VP (VP fined (NP *-3) (NP $ 2,500 *U*)) and (VP ordered (NP-4 *-3) (S (NP-SBJ *-4) (VP to (VP disgorge (NP $ 11,762 *U*))))))) ; (FRAG (NP-SBJ-5 (NP Stuart Lane Russel) , (NP-LOC (NP Glendale) , (NP Calif.)) ,) (VP (VP fined (NP *-5) (NP $ 2,500 *U*)) and (VP ordered (NP-6 *-5) (S (NP-SBJ *-6) (VP to (VP disgorge (NP $ 14,821 *U*))))))) ; (FRAG (NP-SBJ-7 (NP Devon Nilson Dahl) , (NP-LOC (NP Fountain Valley) , (NP Calif.)) ,) (VP fined (NP *-7) (NP $ 82,389 *U*)))) .)) (TOP (S (NP-SBJ (NP Mr. Dahl) , (NP (NP a registered representative) (PP-LOC in (NP the insurance business))) ,) (VP said (SBAR 0 (S (NP-SBJ he) `` (VP screwed (PRT up) '' (SBAR-PRP because (S (NP-SBJ he) (VP did n't (VP realize (SBAR 0 (S (NP-SBJ he) (VP was (VP breaking (NP securities laws))))))))))))) .)) (TOP (S-1 `` (S (NP-SBJ-158 Insurance agents) (VP have (VP been (VP forced (NP-2 *-158) (PP by (NP-LGS their companies)) (PP-CLR into (S-NOM (NP-SBJ *-2) (VP becoming (NP-PRD registered reps)))))))) (PRN , '' (S (NP-SBJ he) (VP said (S *T*-1))) ,) `` but (S (NP-SBJ they) (VP are not (VP providing (NP (NP compliance) and (NP security-type training)) (SBAR-PRP so that (S (NP-SBJ we) (VP can (VP avoid (NP stupid mistakes)))))))) . '')) (TOP (S (NP-SBJ-3 (NP The following) (FRAG *ICH*-4)) (VP (VP were (VP (VP barred (NP *-3)) or (VP (PRN , (SBAR-LOC (WHADVP-2 where) (S (NP-SBJ-1 *) (VP noted (NP *-1) (ADVP-LOC *T*-2)))) ,) suspended (NP *-3)))) and (VP consented (PP-CLR to (NP findings)) (PP without (S-NOM (NP-SBJ *-3) (VP admitting or denying (NP wrongdoing)))))) : (FRAG-4 (FRAG (NP-SBJ (NP Edward L. Cole) , (NP-LOC (NP Jackson) , (NP Miss.)) ,) (NP (ADJP $ 10,000 *U*) fine)) ; (FRAG (NP-SBJ (NP Rita Rae Cross) , (NP-LOC Denver) ,) (NP (NP (ADJP $ 2,500 *U*) fine) and (NP 30-day suspension))) ; (FRAG (NP-SBJ (NP Thomas Richard Meinders) , (NP-LOC (NP Colorado Springs) , (NP Colo.)) ,) (NP (NP (ADJP $ 2,000 *U*) fine) , (NP five-day suspension) and (NP (NP eight-month suspension) (PP as (NP a principal))))) ; (FRAG (NP-SBJ (NP Ronald A. Cutrer) , (NP-LOC (NP Baton Rouge) , (NP La.)) ,) (NP (NP (ADJP $ 15,000 *U*) fine) and (NP one-month suspension))) ; (FRAG (NP-SBJ (NP Karl Grant Hale) , (NP-LOC (NP Midvale) , (NP Utah)) ,) (NP (ADJP $ 15,000 *U*) fine)) ; (FRAG (NP-SBJ (NP Clinton P. Hayne) , (NP-LOC New Orleans) ,) (NP (NP (ADJP $ 7,500 *U*) fine) and (NP one-week suspension))) ; (FRAG (NP-SBJ (NP Richard M. Kane) , (NP-LOC (NP Coconut Creek) , (NP Fla.) ,)) (NP (ADJP $ 250,000 *U*) fine)) ; (FRAG (NP-SBJ (NP John B. Merrick) , (NP-LOC (NP Aurora) , (NP Colo.)) ,) (NP (NP (ADJP $ 1,000 *U*) fine) and (NP 10-day suspension))) ; (FRAG (NP-SBJ (NP John P. Miller) , (NP-LOC Baton Rouge) ,) (NP (NP (ADJP $ 2,000 *U*) fine) and (NP two-week suspension))) ; (FRAG (NP-SBJ (NP Randolph K. Pace) , (NP-LOC New York) ,) (NP (NP (ADJP $ 10,000 *U*) fine) and (NP 90-day suspension))) ; (FRAG (NP-SBJ (NP Brian D. Pitcher) , (NP-LOC (NP New Providence) , (NP N.J.)) ,) (NP (ADJP $ 30,000 *U*) fine)) ; (FRAG (NP-SBJ (NP Wayne A. Russo) , (NP-LOC (NP Bridgeville) , (NP Pa.)) ,) (NP (NP (ADJP $ 4,000 *U*) fine) and (NP 15-day suspension))) ; (FRAG (NP-SBJ (NP Orville Leroy Sandberg) , (NP-LOC (NP Aurora) , (NP Colo.)) ,) (NP (NP (ADJP $ 3,500 *U*) fine) and (NP 10-day suspension))) ; (FRAG (NP-SBJ (NP Richard T. Marchese) , (NP-LOC (NP Las Vegas) , (NP Nev.)) ,) (NP (NP $ 5,000 *U*) and (NP one-year suspension))) ; (FRAG (NP-SBJ (NP Eric G. Monchecourt) , (NP-LOC Las Vegas)) , (NP (NP $ 5,000 *U*) and (NP one-year suspension))) ; and (FRAG (NP-SBJ (NP Robert Gerhard Smith) , (NP-LOC (NP Carson City) , (NP Nev.)) ,) (NP two-year suspension))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 I) (VP was n't (ADVP-TMP ever) (VP (ADVP-MNR actively) engaged (NP *-1) (PP-CLR in (NP any securities activities))))) , '' (VP said (S *T*-2)) (NP-SBJ Mr. Cutrer) .)) (TOP (S `` (NP-SBJ I) (ADVP-TMP never) (VP had (NP any clients) (ADVP at all)) .)) (TOP (S-3 (NP-SBJ (NP It) (S *EXP*-2)) (VP was (ADVP just) (NP-PRD a stupid mistake) (S-2 (NP-SBJ *) (VP to (VP get (NP the license)))) (PRN , '' (S (NP-SBJ-1 he) (VP said (SBAR 0 (S *T*-3)))) ,) (S-ADV (NP-SBJ *-1) (VP adding , `` (S (NP-SBJ I) (VP 'd (ADVP just as soon) not (VP get (PP-CLR into '' (NP (NP details) (PP of (NP the settlement)))))))))) .)) (TOP (S (NP-SBJ-1 Program traders) (VP are (ADJP-PRD fond (PP of (S-NOM (NP-SBJ *-1) (VP predicting (SBAR that (S (SBAR-ADV if (S (NP-SBJ-159 they) (VP are (VP blocked (NP *-159) (PP-LOC in (NP the U.S.)))))) , (NP-SBJ they) (VP will (ADVP simply) (VP emigrate (PP-DIR to (NP foreign stock markets))))))))))) .)) (TOP (S But (PP-LOC in (NP (NP London and Tokyo) , (SBAR (WHADVP-1 where) (S (NP-SBJ computer-driven trading) (ADVP-TMP now) (VP plays (NP a (ADJP small but growing) role) (ADVP-LOC *T*-1)))))) , (NP-SBJ traders) (VP say (SBAR 0 (S (NP-SBJ (NP a number) (PP of (NP hurdles))) (VP loom)))) .)) (TOP (S (NP-SBJ Government officials) (PRN , (PP-LOC (ADVP especially) in (NP Japan)) ,) (ADVP probably) (VP would (VP resist (NP (NP any onslaught) (PP of (NP program trading)) (PP by (NP (NP players) (VP (VP trying (S (NP-SBJ *) (VP to (VP shrug (PRT off) (NP (NP the U.S. furor) (PP over (NP their activities))))))) and (VP marching (ADVP-DIR abroad) (PP with (NP their business))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Japan) (VP is (ADJP-PRD `` very concerned '' (PP about (NP (NP the possible effects) (PP of (NP program trading))))))) , (NP-SBJ a senior Japanese official) (VP said (SBAR 0 (S *T*-1)) (PP-TMP after (NP (NP the Oct. 13 stock plunge) (PP-LOC in (NP New York))))) .)) (TOP (S (NP-SBJ-1 U.S. stock-index futures) (VP are n't (ADVP even) (VP traded (NP *-1) (PP-LOC in (NP Japan)) (ADVP-TMP now))) .)) (TOP (S And (PP-PRP because of (NP the time difference)) , (NP-SBJ (NP (NP the Japanese (NX *RNR*-1)) and (NP the U.S. (NX *RNR*-1)) (NX-1 markets) ') trading hours) (VP do n't (VP overlap)) .)) (TOP (S (NP-SBJ It) all (VP adds (PRT up) (PP-CLR to (NP (NP a barrier) (PP to (NP (NP American-style index arbitrage) , (NP (NP the (ADJP most popular) form) (PP of (NP U.S. program trading)) (SBAR (WHNP-253 that) (S (NP-SBJ-1 *T*-253) (VP seeks (S (NP-SBJ *-1) (VP to (VP exploit))))))) (NP (NP brief differences) (PP-LOC between (NP (NP (NP prices) (PP of (NP stocks)) (PP-LOC in (NP New York))) and (NP (NP the price) (PP of (NP a futures contract)) (PP-LOC in (NP Chicago)) (PP based (PP on (NP those stocks)))))))))))) .)) (TOP (S (NP-SBJ (NP (QP About 11.6) %) (PP of (NP (NP all program trading) (PP by (NP New York Stock Exchange firms)) (PP-TMP in (NP September))))) (VP took (NP-CLR place) (PP-LOC in (NP foreign markets)) , (PP according (PP to (NP Big Board data)))) .)) (TOP (S Yet (NP-SBJ (NP it) (S *EXP*-1)) (VP is (ADJP-PRD difficult) (S-1 (NP-SBJ *) (VP to (VP imagine (S (NP-SBJ-2 Japan) (VP racing (S (NP-SBJ *-2) (VP to (VP introduce (NP Chicago-style stock-index futures)))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 (NP Japan 's) Finance Ministry) (ADVP-TMP already) (VP is (VP scrutinizing (NP (NP institutional investors ') activity) (S-PRP (NP-SBJ *-1) (VP to (VP see (SBAR whether (S (NP-SBJ-160 policy changes) (VP are (VP needed (NP *-160) (S-PRP (NP-SBJ *) (VP to (VP cope (PP-CLR with (NP (NP the current level) (PP of (NP program trading))))))))))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Makato Utsumi) , (NP (NP vice minister) (PP for (NP international finance)))) .)) (TOP (S (NP-SBJ Program trading) (VP has (VP taken (ADVP-CLR off) (PP-LOC in (NP Japan)) (PP-TMP since (NP (NP (NP last year 's) introduction) (PP of (NP (NP home-market stock-index futures trading) (PP-LOC on (NP the Tokyo and Osaka stock exchanges)))))))) .)) (TOP (S But (NP-SBJ regulators) (VP are (ADJP-PRD wary)) .)) (TOP (S (NP-SBJ They) (VP have n't (VP forgotten (NP (NP the leap) (PP-LOC in (NP share prices)) (NP-TMP (NP last Dec. 7) , (SBAR (WHADVP-1 when) (S (NP-SBJ (NP the first bout) (PP of (NP foreign-led index arbitrage))) (VP drove (NP stocks) (ADVP-DIR skyward) (PP-TMP in (NP (NP the last half-hour) (PP of (NP trading)))) (ADVP-TMP *T*-1) , (S-ADV (NP-SBJ *) (VP startling (NP (NP regulators) (SBAR (WHNP-254 who) (S (NP-SBJ *T*-254) (VP thought (SBAR 0 (S (NP-SBJ they) (VP had (VP written (NP (NP enough rules) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP prevent (NP such a swing))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Japan 's) Finance Ministry) (VP had (VP set (PRT up) (NP (NP mechanisms) (SBAR (WHNP-1 0) (S (S (NP-SBJ *-1) (VP to (VP limit (SBAR-NOM (WHADVP-2 how far) (S (NP-SBJ futures prices) (VP could (VP fall (ADVP *T*-2) (PP-TMP in (NP a single session)))) ))))) and (S (NP-SBJ *-1) (VP to (VP give (NP market operators) (NP the authority (S (NP-SBJ *) (VP to (VP suspend (NP (NP trading) (PP-LOC in (NP futures))) (PP-TMP at (NP any time)))))))))))))) .)) (TOP (S `` (S-TPC-1 Maybe (NP-SBJ it) (VP was n't (ADJP-PRD enough))) , '' (NP-SBJ a Finance Ministry official) (VP noted (S *T*-1) (PP-TMP after (NP the Dec. 7 surge))) .)) (TOP (S (NP-SBJ (NP Japan 's) regulators) (VP have (ADVP-TMP since) (VP tightened (NP (NP controls) (PP on (NP index-related stock purchases))))) .)) (TOP (S (NP-SBJ (NP Tokyo 's) leading program traders) (VP are (NP-PRD the big U.S. securities houses) , (SBAR-ADV though (S (NP-SBJ the Japanese) (VP are (VP playing (NP catch-up)))))) .)) (TOP (S (NP-SBJ (NP Some U.S. firms) , (NP (ADVP notably) (NP Salomon Inc.) and (NP Morgan Stanley Group Inc.)) ,) (VP have (VP reaped (NP (NP a hefty chunk) (PP of (NP their Japanese earnings))) (PP-CLR from (NP (NP index arbitrage) , (PP both (PP for (NP customers)) and (PP for (NP their own accounts))))))) .)) (TOP (S -LRB- (NP-SBJ Morgan Stanley) (NP-TMP last week) (VP joined (NP (NP a growing list) (PP of (NP (NP U.S. securities firms) (SBAR (WHNP-255 that) (S (NP-SBJ-1 *T*-255) (VP have (VP stopped (S (NP-SBJ *-1) (VP doing (NP (NP index arbitrage) (PP for (NP their own accounts))))))))))))) . -RRB-)) (TOP (S (NP-SBJ Both (NP (NP Deryck C. Maughan) , (SBAR (WHNP-256 who) (S (NP-SBJ *T*-256) (VP heads (NP (NP Salomon) (PP-LOC in (NP Tokyo)))))) ,) and (NP (NP John S. Wadsworth) , (SBAR (WHNP-257 who) (S (NP-SBJ *T*-257) (VP heads (NP (NP Morgan Stanley) (ADVP-LOC there))))) ,)) (VP ascribe (NP (NP a good part) (PP of (NP (NP (NP their firms ') success) (PP-LOC in (NP Tokyo))))) (PP-CLR to (NP their ability (S (NP-SBJ *) (VP to (VP offer (NP sophisticated , futures-related investment strategies) (PP-CLR to (NP big institutional clients)))))))) .)) (TOP (S (NP-SBJ They) (VP do n't (VP have (NP plans (S (NP-SBJ *) (VP to (VP cut (ADVP-CLR back))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP has not (VP been (ADJP-PRD disruptive) (PP-LOC in (NP the markets here))))) , '' (NP-SBJ Mr. Maughan) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ-1 The real difference) (VP seems (S (NP-SBJ *-1) (VP to (VP be (SBAR-PRD that (S (NP-SBJ the cash market) (ADVP-LOC here) ... (VP is (ADJP-PRD (ADJP big enough (SBAR *RNR*-2)) and (ADJP liquid enough (SBAR *RNR*-2)) (SBAR-2 that (S (NP-SBJ the futures market) (VP is n't (VP having (NP (NP the same impact) (SBAR (WHNP-3 0) (S (NP-SBJ it) (VP does (VP *?* (NP *T*-3) (PP-LOC in (NP America))))))))))))))))))) . '')) (TOP (S (NP-SBJ The British) (ADVP also) (VP are (VP scrutinizing (NP program trades))) .)) (TOP (S (S-TPC-2 (NP-SBJ Index-arbitrage trading) (VP is `` (NP-PRD (NP something) (SBAR (WHNP 0) (S (NP-SBJ-1 we) (VP want (S (NP-SBJ *-1) (VP to (VP watch (NP *T*-1) (ADVP-MNR closely)))))))))) , '' (NP-SBJ (NP an official) (PP-LOC at (NP (NP London 's) Stock Exchange))) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S `` (NP-SBJ We) (VP do n't (VP think (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP cause) (PP for (NP concern))) (PP-TMP at (NP the moment))))))) . '')) (TOP (S (NP-SBJ London) (VP serves (ADVP increasingly) (PP-CLR as (NP (NP a conduit) (PP for (NP (NP program trading) (PP of (NP U.S. stocks))))))) .)) (TOP (S (NP-SBJ Market professionals) (VP said (SBAR 0 (S (NP-SBJ London) (VP has (NP several attractions))))) .)) (TOP (S (ADVP First) , (NP-SBJ-1 the trading) (VP (VP (VP is (VP done (NP *-1) (PP-LOC over (NP the counter))))) and (VP (VP is n't (VP reported (NP *-1) (PP-LOC on (NP either the U.S. or London stock trading tapes)))))) .)) (TOP (S (ADVP Second) , (NP-SBJ-1 it) (VP can (VP be (VP used (NP *-1) (S-PRP-CLR (NP-SBJ *) (VP to (VP unwind (NP positions) (SBAR-TMP before (S (NP-SBJ U.S. trading) (VP begins))) (PRN , but (PP-CLR at (NP (NP prices) (VP pegged (NP *) (PP-CLR to (NP (NP the previous session 's) Big Board close)))))))) )))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP (NP the extra privacy) (PP of (NP these trades)))))) , (NP-SBJ the transactions) (VP can (ADVP-TMP often) (VP be (ADJP-PRD less expensive (S (NP-SBJ *) (VP to (VP execute)))) , (SBAR-PRP because (S (NP-SBJ-1 the parties) (VP do n't (VP have (S (NP-SBJ *-1) (VP to (VP pay (NP (NP a floor brokerage fee) or (NP (NP a specialist 's) fee))))))))))) .)) (TOP (SINV (S-TPC-2 (ADVP Still) , `` (NP-SBJ-161 (NP Much less -LCB- index-arbitrage activity -RCB-) (PP *ICH*-1)) (VP is (VP done (NP *-161) (PP-LOC over (NP here)) (PP-1 than (PP-LOC in (NP the U.S.)))))) '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Richard Barfield) , (NP (NP chief investment manager) (PP-LOC at (NP (NP Standard Life Assurance Co.) , (SBAR (WHNP-258 which) (S (NP-SBJ *T*-258) (VP manages (NP (NP (QP about # 15 billion) *U*) (PRN -LRB- (NP (QP $ 23.72 billion) *U*) -RRB-) (PP in (NP United Kingdom institutional funds)))))))))) .)) (TOP (S (NP-SBJ Britain) (VP has (NP two main index-arbitrage instruments)) .)) (TOP (S (NP-SBJ-162 A Financial Times-Stock Exchange 100-share index option contract) (VP is (VP traded (NP *-162) (PP-LOC on (NP (NP the London Stock Exchange 's) Traded Options Market)))) .)) (TOP (S And (NP-SBJ-1 an FT-SE futures contract) (VP is (VP traded (NP *-1) (PP-LOC on (NP the London International Financial Futures Exchange)))) .)) (TOP (S (NP-SBJ Both contracts) (VP have (VP gained (NP a following) (PP-TMP since (NP the 1987 global market crash)))) .)) (TOP (S (NP-SBJ (NP The average number) (PP of (NP (NP FT-SE option contracts) (VP traded (NP *) (PP-LOC on (NP the London exchange)))))) (VP has (VP surged (ADVP-EXT nearly tenfold) (PP-TMP since (NP (NP (NP the contract 's) launch) (PP-TMP in (NP 1984)))))) .)) (TOP (S (NP-TMP This year) , (NP-SBJ (NP the average) (PP of (NP (NP daily contracts) (VP traded (NP *))))) (VP totaled (NP 9,118) , (ADVP up (PP (PP from (NP 4,645) (ADVP-TMP (NP a year) earlier)) and (PP from (NP 917) (PP-TMP in (NP 1984)))))) .)) (TOP (S (S-TPC-1 But (NP-SBJ a survey) (NP-TMP early this summer) (VP indicated (SBAR that (S (NP-SBJ (NP the volume) (PP of (NP index-options trading))) (VP was (NP-PRD (NP (QP only 15) %) (PP of (NP (NP the size) (PP of (NP the underlying equity market)))))))))) , (NP-SBJ exchange officials) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ This) (VP compares (PP-CLR with (NP estimates (SBAR that (S (NP-SBJ the U.S. `` derivatives '' market) (VP is (ADVP perhaps) (ADJP-PRD (ADJP (QP four times) as large) (PP as (NP the underlying domestic market))))))))) .)) (TOP (S (NP-SBJ-1 The House) (VP voted (S (NP-SBJ *-1) (VP to (VP boost (NP the federal minimum wage)))) (PP-TMP for (NP (NP the first time) (PP-TMP since (NP early 1981)))) , (S-ADV (NP-SBJ *-1) (VP casting (NP (NP a solid 382-37 vote) (PP for (NP (NP a compromise measure) (VP backed (NP *) (PP by (NP-LGS President Bush))))))))) .)) (TOP (S (NP-SBJ The vote) (VP came (PP-TMP after (NP (NP a debate) (ADJP replete (PP with (NP (NP complaints) (PP from (NP (NP both proponents and critics) (PP of (NP (NP a substantial increase) (PP-LOC in (NP the wage floor)))))))))))) .)) (TOP (S (NP-SBJ Advocates) (VP said (SBAR 0 (S (NP-SBJ (NP the 90-cent-an-hour rise) , (PP-DIR to (NP (NP $ 4.25 *U*) (NP-ADV an hour))) (PP-TMP by (NP April 1991)) ,) (VP is (ADJP-PRD too small) (PP for (NP the working poor))))) , (SBAR-ADV while (S (NP-SBJ opponents) (VP argued (SBAR that (S (NP-SBJ the increase) (VP will (ADVP still) (VP (VP hurt (NP small business)) and (VP cost (NP (NP (QP many thousands)) (PP of (NP jobs)))))))))))) .)) (TOP (S But (NP-SBJ the legislation) (VP reflected (NP (NP a compromise) (VP agreed (PP to (NP *)) (PP-TMP on (NP Tuesday)) (PP by (NP-LGS (NP President Bush) and (NP (NP Democratic leaders) (PP-LOC in (NP Congress))))) , (SBAR-TMP after (S (NP-SBJ congressional Republicans) (VP urged (NP-2 the White House) (S (NP-SBJ *-2) (VP to (VP bend (NP a bit) (PP-DIR from (NP its previous resistance (S (NP-SBJ *) (VP to (VP compromise)))))))))))))) .)) (TOP (S So (NP-SBJ both sides) (VP accepted (NP (NP the compromise) , (SBAR (WHNP-259 which) (S (NP-SBJ *T*-259) (VP would (VP lead (PP-CLR to (NP (NP the first lifting) (PP of (NP the minimum wage)) (SBAR-TMP since (S (NP-SBJ-163 a four-year law) (VP was (VP enacted (NP *-163) (PP-TMP in (NP 1977)) , (S-ADV (NP-SBJ *-163) (VP raising (NP the wage) (PP-DIR to (NP (NP $ 3.35 *U*) (NP-ADV an hour))) (PP-DIR from (NP $ 2.65 *U*)))))))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP the measure) (VP passed (NP *) (NP-TMP yesterday)))) , (NP-SBJ the minimum wage) (VP would (VP rise (PP-DIR to (NP $ 3.80 *U*)) (NP-TMP next April))) .)) (TOP (S (NP-SBJ-1 The Senate) (VP (VP plans (S (NP-SBJ *-1) (VP to (VP take (PRT up) (NP the measure) (ADVP-TMP quickly))))) and (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP pass (NP it))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP are (NP-PRD (NP no smiles) (PP about (NP this bill))))) , '' (NP-SBJ (NP Rep. Pat Williams) (PRN -LRB- (NP D.) , (NP-LOC Mont .) -RRB-)) (VP said (S *T*-1) (PP-TMP during (NP House floor debate)) (NP-TMP yesterday)) .)) (TOP (S But `` (SBAR-PRP because (S (NP-SBJ it) (VP 's (NP-PRD (NP all) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP 've (VP got (NP *T*-1))))))))) , (NP-SBJ-2 I) (VP 'm (VP going (S (NP-SBJ *-2) (VP to (VP vote (PP-CLR for (NP it))))))) . '')) (TOP (S (S-TPC-1 (SBAR-ADV While (S (NP-SBJ-164 the minimum wage) (VP had (ADVP traditionally) (VP been (VP pegged (NP *-164) (PP-CLR at (NP (ADVP half) the average U.S. manufacturing wage))))))) , (NP-SBJ (NP the level) (PP of (NP (NP $ 4.25 *U*) (NP-ADV an hour)))) (PP-TMP in (NP 1991)) (VP will (ADVP-TMP still) (VP be (NP-PRD (NP less) (PP than (NP (NP 35 %) (PP of (NP average factory pay)))))))) , (NP-SBJ Mr. Williams) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ (NP Rep. Marge Roukema) (PRN -LRB- (NP R.) , (NP-LOC N.J .) -RRB-)) (ADVP instead) (VP praised (NP (NP (NP the House 's) acceptance) (PP of (NP (NP a new youth `` training '' wage) , (NP (NP a subminimum) (SBAR (WHNP-1 that) (S (NP-SBJ GOP administrations) (VP have (VP sought (NP *T*-1) (PP-TMP for (NP many years))))))))))) .)) (TOP (S (S-TPC-1 (S-NOM-SBJ (NP-SBJ *) (VP Adopting (NP a training-wage policy))) (VP means `` (S (NP-SBJ *) (VP getting (PP-DIR beyond (NP (NP the nickel and diming) (PP of (NP the minimum wage)))))))) , '' (NP-SBJ Mrs. Roukema) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ Policy makers) (VP regard (NP the youth wage) (PP-CLR as (S-NOM (NP-SBJ-1 *) (VP helping (S (NP-SBJ *-1) (VP to (VP limit (NP (NP the loss) (PP of (NP jobs)) (PP from (NP (NP an increase) (PP-LOC in (NP the minimum wage))))))))))))) , but (S (NP-SBJ they) (VP have (ADVP-TMP lately) (VP touted (NP-2 it) (PP-CLR as (ADJP necessary (S (NP-SBJ-3 *-2) (VP to (VP help (S (NP-SBJ *-3) (VP impart (NP job skills) (PP-CLR to (NP (NP entrants) (PP-DIR into (NP the work force)))))))))))))) .)) (TOP (S (NP-SBJ (NP Labor unions) and (NP Democrats)) (VP (VP (ADVP-TMP long) fought (NP the idea)) , but (VP (ADVP-TMP recently) acceded (PP-CLR to (NP it)) (PP-LOC in (NP (NP the face) (PP of (NP Bush administration insistence)))))) .)) (TOP (S (NP-SBJ The compromise) (VP sets (NP the training wage) (PP-CLR (PP at (NP (NP (NP $ 3.35 *U*) (NP-ADV an hour)) (NP-TMP next April))) , and (PP at (NP (NP (NP (NP $ 3.61 *U*) (NP-ADV an hour)) , or (NP (NP 85 %) (PP of (NP the minimum wage))) ,) (PP-TMP in (NP April 1991)))))) .)) (TOP (S (NP-SBJ Employers) (VP can (VP (VP pay (NP the subminimum) (PP-TMP-2 for (NP 90 days)) , (PP without (NP restriction)) , (PP-CLR to (NP (NP workers) (PP with (NP (NP (QP less than six) months) (PP of (NP job experience)))))) (SBAR-ADV-3 *NOT*)) , and (VP (PP-TMP=2 for (NP another 90 days)) (SBAR-ADV=3 if (S (NP-SBJ the company) (VP uses (NP (NP a government-certified training program) (PP for (NP the young workers))))))))) .)) (TOP (S (NP-SBJ The training wage) (VP covers (ADVP only) (NP (NP workers) (SBAR (WHNP-260 who) (S (NP-SBJ *T*-260) (VP are (ADJP-PRD (NP-ADV (QP 16 to 19) years) old)))))) .)) (TOP (S (NP-SBJ The White House) (ADVP-TMP previously) (VP insisted (PP-CLR on (NP (NP an unrestricted six-month training wage) (SBAR (WHNP-1 that) (S (NP-SBJ-165 *T*-1) (VP could (VP be (VP paid (NP *-165) (NP-TMP (NP any time) (SBAR (WHADVP-2 0) (S (NP-SBJ (NP a worker) (PP of (NP any age))) (VP took (NP a new job) (ADVP-TMP *T*-2))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The U.S. Chamber) (PP of (NP Commerce))) , (S-ADV (NP-SBJ *-1) (ADVP-TMP still) (ADJP-PRD opposed (PP to (NP any mininum-wage increase)))) , (VP said (SBAR 0 (S (NP-SBJ the compromise plan (S (NP-SBJ *) (VP to (VP lift (NP the wage floor) (NP-EXT 27 %) (PP-MNR in (NP two stages)) (PP-TMP between (NP (NP April 1990) and (NP April 1991))))))) `` (VP (VP will (VP be (ADJP-PRD impossible (SBAR for (S (NP-SBJ many employers) (VP to (VP accommodate))))))) and (VP will (VP result (PP-CLR in (NP (NP (NP the elimination) (PP of (NP jobs)) (PP for (NP American workers))) and (NP (NP higher prices) (PP for (NP American consumers))))))))))) .)) (TOP (S (NP-SBJ (NP Zenith Data Systems Corp.) , (NP (NP a subsidiary) (PP of (NP Zenith Electronics Corp.))) ,) (VP received (NP (NP a (ADJP (QP $ 534 million) *U*) Navy contract) (PP for (NP (NP software and services) (PP of (NP microcomputers)) (PP-TMP over (NP an 84-month period)))))) .)) (TOP (S (NP-SBJ Rockwell International Corp.) (VP won (NP (NP a (ADJP (QP $ 130.7 million) *U*) Air Force contract) (PP for (NP AC-130U gunship replacement aircraft)))) .)) (TOP (S (NP-SBJ-166 Martin Marietta Corp.) (VP was (VP given (NP *-166) (NP (NP a (ADJP (QP $ 29.9 million) *U*) Air Force contract) (PP for (NP low-altitude navigation and targeting equipment))))) .)) (TOP (S (NP-SBJ Federal Data Corp.) (VP got (NP (NP a (ADJP (QP $ 29.4 million) *U*) Air Force contract) (PP for (NP intelligence data handling)))) .)) (TOP (S (PP-TMP For (NP six years)) , (NP-SBJ T. Marshall Hahn Jr.) (VP has (VP made (NP corporate acquisitions) (PP-MNR in (NP (NP the George Bush mode) : (ADJP kind and gentle))))) .)) (TOP (NP (NP (NP The question) (ADVP-TMP now)) : (SQ Can (NP-SBJ he) (VP act (PP (ADVP more) like (NP hard-charging Teddy Roosevelt)))) ?)) (TOP (S (NP-SBJ (NP Mr. Hahn) , (NP (NP the 62-year-old (NX (NX chairman) and (NX chief executive officer))) (PP of (NP Georgia-Pacific Corp.)))) (VP is (VP leading (NP (NP (NP the forest-product concern 's) unsolicited (ADJP (QP $ 3.19 billion) *U*) bid) (PP for (NP Great Northern Nekoosa Corp))))) .)) (TOP (S (NP-SBJ Nekoosa) (VP has (VP given (NP the offer) (NP (NP a public cold shoulder) , (NP (NP a reaction) (SBAR (WHNP-2 0) (S (NP-SBJ Mr. Hahn) (VP has n't (VP faced (NP *T*-2) (PP-LOC in (NP (NP his 18 earlier acquisitions) , (SBAR (WHNP-3 all (WHPP of (WHNP which))) (S (NP-SBJ-1 *T*-3) (VP were (VP negotiated (NP *-1) (PP-LOC behind (NP the scenes)))))))))))))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ-1 Mr. Hahn) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP entice (NP Nekoosa) (PP into (S-NOM (NP-SBJ *) (VP negotiating (NP a friendly surrender))))))) (SBAR-ADV while (S (NP-SBJ *-1) (VP talking (ADVP-MNR tough)))))) .)) (TOP (S `` (S-2 (NP-SBJ-1 We) (VP are (VP prepared (S (NP-SBJ *-1) (VP to (VP pursue (ADVP-MNR aggressively) (NP (NP completion) (PP of (NP this transaction))))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S But (NP-SBJ a takeover battle) (VP opens (PRT up) (NP (NP the possibility) (PP of (NP (NP a bidding war) , (PP with (NP (NP all) (SBAR (WHNP-1 0) (S (NP-SBJ that) (VP implies (NP *T*-1)))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ a competitor) (VP enters (NP the game)))) , (PP for (NP example)) , (NP-SBJ Mr. Hahn) (VP could (VP face (NP (NP the dilemma) (PP of (S-NOM (NP-SBJ *) (VP (VP paying (NP a premium) (PP-CLR for (NP Nekoosa))) or (VP seeing (S (NP-SBJ the company) (VP fall (PP-DIR into (NP (NP the arms) (PP of (NP a rival))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-3 *-2) (VP Given (NP *-3) (NP that choice))) , (NP-SBJ (NP (NP associates) (PP of (NP Mr. Hahn))) and (NP industry observers)) (VP say (SBAR 0 (S (NP-SBJ-2 (NP the former university president) (PRN -- (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP developed (NP (NP a reputation) (PP for (S-NOM (NP-SBJ *) not (VP overpaying (PP-CLR for (NP anything)))))))))) --)) (VP would (VP fold))))) .)) (TOP (SINV `` (S-2 (NP-SBJ There) (VP 's (NP (NP a price) (SBAR (WHPP-1 above (WHNP which)) (S (NP-SBJ I) (VP 'm (ADJP-PRD positive (SBAR 0 (S (NP-SBJ Marshall) (VP has (NP (NP the courage) (SBAR (WHADVP-3 0) (S (NP-SBJ *) not (VP to (VP pay (PP *T*-1) (ADVP *T*-3)))))))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP A.D. Correll) , (NP (NP (NP Georgia-Pacific 's) executive vice president) (PP for (NP pulp and paper)))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ (NP long-time associate Jerry Griffin) , (NP (NP vice president) , (NP corporate development) , (PP-LOC at (NP WTD Industries Inc.)))) : `` (S-1 (NP-SBJ He) (VP is n't (PP-PRD of (NP (NP the old school) (PP of (S-NOM (NP-SBJ *) (VP winning (PP-CLR at (NP any cost))))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ He) (ADVP also) (VP is (NP-PRD a consensus manager))) , (NP-SBJ insiders) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (SINV (S-1 (NP-SBJ-2 The decision (S (NP-SBJ *) (VP to (VP make (NP (NP the bid) (PP for (NP Nekoosa))))))) , (PP for (NP example)) , (VP was (VP made (NP *-2) (SBAR-TMP (ADVP only) after (S (NP-SBJ (NP all six members) (PP of (NP (NP Georgia-Pacific 's) management committee))) (VP signed (PP onto (NP the deal))))) -- (SBAR-ADV even though (S (NP-SBJ Mr. Hahn) (VP knew (SBAR 0 (S (NP-SBJ-3 he) (VP wanted (S (NP-SBJ *-3) (VP to (VP go (PP after (NP the company)))))))) (ADVP-TMP early on))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ Mr. Correll) .)) (TOP (S (NP-SBJ Associates) (VP say (SBAR 0 (S (NP-SBJ Mr. Hahn) (VP picked (PRT up) (NP (NP that careful approach) (PP to (NP management))) (PP as (NP (NP president) (PP of (NP Virginia Polytechnic Institute)))))))) .)) (TOP (SINV (S-3 (S (NP-SBJ *-1) (VP Assuming (NP that post) (PP-TMP at (NP (NP the age) (PP of (NP 35)))))) , (NP-SBJ-1 he) (VP managed (PP-MNR by (NP consensus)) , (SBAR-ADV as (S (NP-SBJ *) (VP is (NP-PRD the rule) (PP-LOC in (NP universities))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Warren H. Strother) , (NP (NP a university official) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP is (VP researching (NP (NP a book) (PP on (NP Mr. Hahn))))))))) .)) (TOP (S But (NP-SBJ-1 he) (ADVP also) (VP showed (NP a willingness (S (NP-SBJ *-1) (VP to (VP take (NP a strong stand)))))) .)) (TOP (S (PP-TMP In (NP 1970)) , (NP-SBJ Mr. Hahn) (VP called (PRT in) (S (NP-SBJ state police) (VP to (VP arrest (NP (NP student protesters) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP were (VP occupying (NP a university building)))))))))) .)) (TOP (S (NP-SBJ That) (VP impressed (NP (NP (NP Robert B. Pamplin) , (NP (NP (NP Georgia-Pacific 's) chief executive) (PP-TMP at (NP the time)))) , (SBAR (WHNP-4 whom) (S (NP-SBJ-1 Mr. Hahn) (VP had (VP met (NP *T*-4) (SBAR-ADV while (S (NP-SBJ *-1) (VP fundraising (PP for (NP the institute))))))))))) .)) (TOP (S (PP-TMP In (NP 1975)) , (NP-SBJ Mr. Pamplin) (VP enticed (NP Mr. Hahn) (PP into (S-NOM (NP-SBJ *) (VP joining (NP the company) (PP as (NP (NP executive vice president) (PP in (NP (NP charge) (PP of (NP chemicals)))))))))) ; (S (NP-SBJ the move) (VP befuddled (NP (NP many) (PP in (NP Georgia-Pacific)) (SBAR (WHNP-5 who) (S (NP-SBJ *T*-5) (VP did n't (VP believe (SBAR 0 (S (NP-SBJ a university administrator) (VP could (VP make (NP (NP the transition) (PP to (NP the corporate world)))))))))))))) .)) (TOP (S But (NP-SBJ-1 Mr. Hahn) (VP rose (ADVP-MNR swiftly) (PP-DIR through (NP the ranks)) , (S-ADV (NP-SBJ *-1) (VP demonstrating (NP (NP a raw intelligence) (SBAR (WHNP-2 that) (S (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ he) (VP knew (SBAR 0 (S (NP-SBJ he) (VP possessed (NP *T*-2))))) (ADVP-TMP early on)))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD (NP The son) (PP of (NP a physicist)))) , (NP-SBJ-1 Mr. Hahn) (VP skipped (NP first grade) (SBAR-PRP because (S (NP-SBJ his reading ability) (VP was (PP-PRD (ADJP so far) above (NP his classmates)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Moving (ADVP-MNR rapidly) (PP through (NP school)))) , (NP-SBJ-1 he) (VP graduated (NP-MNR Phi Beta Kappa) (PP-CLR from (NP (NP the University) (PP of (NP Kentucky)))) (PP-TMP at (NP age 18)) , (PP-TMP after (S-NOM (NP-SBJ *) (VP spending (NP-TMP (QP only 2 1) years) (PP-LOC in (NP college)))))) .)) (TOP (S (NP-SBJ He) (VP earned (NP (NP his doctorate) (PP in (NP nuclear physics))) (PP-CLR from (NP (NP the Massachusetts Institute) (PP of (NP Technology))))) .)) (TOP (S (S (NP-SBJ Mr. Hahn) (VP agrees (SBAR that (S (NP-SBJ he) (VP has (NP a `` retentive '' memory)))))) , but (S (NP-SBJ friends) (VP say (SBAR 0 (S (NP-SBJ that) (VP 's (NP-PRD an understatement)))))) .)) (TOP (S (NP-SBJ They) (VP call (S (NP-SBJ it) (ADJP-PRD `` photographic ''))) .)) (TOP (S (NP-SBJ Mr. Hahn) (ADVP also) (VP has (VP engineered (NP (NP a surprising turnaround) (PP of (NP Georgia-Pacific))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Taking (PRT over) (PP as (NP chief executive officer)) (PP-TMP in (NP 1983)))) , (NP-SBJ-1 he) (VP inherited (NP (NP a company) (SBAR (WHNP-6 that) (S (NP-SBJ-2 *T*-6) (VP was (VP (VP mired (NP *-2) (PP-CLR in (NP debt))) and (VP hurt (NP *-2) (PP by (NP-LGS (NP a recession-inspired slide) (PP-LOC in (NP its building-products business))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Hahn) (VP began (S (NP-SBJ *-1) (VP selling (NP (NP non-core businesses) , (PP such as (NP oil and gas and chemicals)))))) .)) (TOP (S (NP-SBJ He) (ADVP even) (VP sold (NP (NP one unit) (SBAR (WHNP-7 that) (S (NP-SBJ *T*-7) (VP made (NP vinyl checkbook covers)))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 he) (VP began (S (NP-SBJ *-1) (VP building (PRT up) (NP (NP the pulp and paper segment) (PP of (NP the company))) (SBAR-ADV while (S (NP-SBJ *-1) (VP refocusing (NP building products) (PP on (NP (NP home repair and remodeling) , (PP rather than (NP (NP materials) (PP for (NP new-home construction)))))))))))) .)) (TOP (S (NP-SBJ The idea) (VP was (S-PRD (NP-SBJ *) (VP to (VP buffet (NP building products) (PP-CLR from (NP (NP cycles) (PP-LOC in (NP new-home construction)))))))) .)) (TOP (S (NP-SBJ The formula) (VP has (VP paid (PRT off) , (ADVP-TMP so far))) .)) (TOP (S (NP-SBJ-2 (NP Georgia-Pacific 's) sales) (VP climbed (PP-DIR to (NP (QP $ 9.5 billion) *U*)) (NP-TMP last year) , (PP compared (PP with (NP (NP (QP $ 6 billion) *U*) (PP-TMP in (NP (NP 1983) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Mr. Hahn) (VP took (NP the reins) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (NP-SBJ (NP Profit) (PP from (NP continuing operations))) (VP has (VP soared (PP-DIR to (NP (QP $ 467 million) *U*)) (PP-DIR from (NP (QP $ 75 million) *U*)))) .)) (TOP (S (NP-SBJ Mr. Hahn) (VP attributes (NP the gains) (PP-CLR to (NP (NP the philosophy) (PP of (S-NOM (NP-SBJ *) (VP concentrating (PP-CLR on (SBAR-NOM (WHNP-1 what) (S (NP-SBJ a company) (VP knows (S (NP-SBJ *T*-1) (ADJP-PRD best)))))))))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ (NP The record) (PP of (NP (NP companies) (SBAR (WHNP-8 that) (S (NP-SBJ *T*-8) (VP have (VP diversified))))))) (VP is n't (ADJP-PRD (ADVP all that) impressive)) , '') (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Nekoosa) (VP would n't (VP be (NP-PRD a diversification))) .)) (TOP (S-1 (NP-SBJ It) (VP would (VP be (NP-PRD (NP a good match) (PRN , (S (NP-SBJ (NP Mr. Hahn) and (NP many analysts)) (VP say (SBAR 0 (S *T*-1)))) ,) (PP of (NP (NP two healthy companies) (PP with (NP (NP high-quality assets) and (NP strong cash flows)))))))) .)) (TOP (S (NP-SBJ The resulting company) (VP would (VP be (NP-PRD (NP the largest forest-products concern) (PP-LOC in (NP the world)) (PP with (NP (NP combined sales) (PP of (NP (QP more than $ 13 billion) *U*))))))) .)) (TOP (SQ But can (NP-SBJ Mr. Hahn) (VP carry (NP it) (PRT off)) ?)) (TOP (S-1 (PP-TMP In (NP this instance)) (PRN , (S (NP-SBJ industry observers) (VP say (SBAR 0 (S *T*-1)))) ,) (NP-SBJ he) (VP is (VP entering (NP uncharted waters))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ (NP Kathryn McAuley) , (NP (NP an analyst) (PP-LOC at (NP First Manhattan Co.)))) : `` (S-1 (NP-SBJ This) (VP is (NP-PRD (NP the greatest acquisition challenge) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP has (VP faced (NP *T*-2)))))))) .)) (TOP (S (NP-SBJ A House-Senate conference) (VP approved (NP (NP major portions) (PP of (NP (NP a package) (PP for (NP (NP (QP more than $ 500 million) *U*) (PP in (NP (NP economic aid) (PP for (NP Poland)))))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP relies (ADVP-MNR heavily) (PP-CLR on (NP (NP (QP $ 240 million) *U*) (PP in (NP credit and loan guarantees)) (PP-TMP in (NP fiscal 1990)))))))))) (PP in (NP (NP hopes) (PP of (S-NOM (NP-SBJ *) (VP stimulating (NP future trade and investment))))))) .)) (TOP (S (S (PP For (NP (NP the Agency) (PP for (NP International Development)))) , (NP-SBJ appropriators) (VP approved (NP (NP (QP $ 200 million) *U*) (PP in (NP secondary loan guarantees))) (PP-LOC under (NP an expanded trade credit insurance program)))) , and (S (NP-SBJ-3 (NP total loan guarantees) (PP for (NP the Overseas Private Investment Corp.))) (VP are (VP increased (NP *-3) (PP by (NP (NP (QP $ 40 million) *U*) (PP-TMP over (NP fiscal 1989)))) (PP as (NP (NP part) (PP of (NP the same Poland package))))))) .)) (TOP (S (S (NP-SBJ The conference) (VP approved (NP (NP (QP at least $ 55 million) *U*) (PP in (NP direct cash and development assistance))) (ADVP as well))) , and (S (SBAR-ADV though (S (NP-SBJ-4 no decision) (VP was (VP made (NP *-4))))) , (NP-SBJ both sides) (VP are (ADJP-PRD committed (PP to (S-NOM (NP-SBJ *) (VP adding (NP (NP (QP more than $ 200 million) *U*) (PP in (NP (NP (NP economic support funds) and (NP environmental initiatives)) (VP sought (NP *) (PP by (NP-LGS the Bush administration)))))))))))) .)) (TOP (S (NP-SBJ (NP The agreement) (PP on (NP Poland))) (VP contrasts (PP-CLR with (NP (NP the major differences) (VP remaining (PP over (NP (NP the underlying foreign aid bill) , (SBAR (WHNP-9 which) (S (NP-SBJ *T*-9) (VP (VP has (ADVP-TMP already) (VP provoked (NP (NP veto threats) (PP by (NP the White House))))) and (VP is (VP (ADVP-MNR sharply) confined (PP-LOC-CLR under (NP (NP this year 's) budget))))))))))))) .)) (TOP (S (S (NP-SBJ These fiscal pressures) (VP are (ADVP also) (NP-PRD (NP a factor) (PP in (S-NOM (NP-SBJ *) (VP shaping (NP the Poland package))))))) , and (S (SBAR-ADV while (S (NP-SBJ (ADJP more ambitious) authorizing legislation) (VP is (ADVP-TMP still) (VP pending)))) , (NP-SBJ (NP the appropriations bill) (PP-LOC in (NP conference))) (VP will (VP be (ADJP-PRD (ADJP more decisive) (PP on (NP (NP U.S. aid) (PP to (NP Eastern Europe)))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP accommodate (NP the additional cash assistance)))) , (NP-SBJ-1 the House Appropriations Committee) (NP-TMP last week) (VP was (VP required (S (NP-SBJ *-1) (VP to (VP reallocate (NP an estimated (QP $ 140 million) *U*) (PP-DIR-CLR from (NP the Pentagon))))))) .)) (TOP (S And (SBAR-ADV though (S (NP-SBJ (NP the size) (PP of (NP (NP the loan guarantees) (VP approved (NP *) (NP-TMP yesterday))))) (VP is (ADJP-PRD significant)))) , (NP-SBJ (NP recent experience) (PP with (NP (NP a similar program) (PP-LOC in (NP Central America))))) (VP indicates (SBAR that (S (NP-SBJ it) (VP could (VP take (NP several years) (SBAR-TMP before (S (NP-SBJ the new Polish government) (VP can (ADVP fully) (VP use (NP the aid) (ADVP-MNR effectively)))))))))) .)) (TOP (S (NP-SBJ (NP The action) (PP on (NP Poland))) (VP came (SBAR-CLR as (S (NP-SBJ the conference) (ADVP separately) (VP approved (NP (NP (QP $ 220 million) *U*) (PP for (NP international population planning activities)) , (NP (NP an (ADJP 11 %) increase) (PP over (NP fiscal 1989)))))))) .)) (TOP (S (NP-SBJ-6 The House and Senate) (VP are (ADJP-PRD divided (NP *-6) (PP over (SBAR whether (S (NP-SBJ the United Nations Population Fund) (VP will (VP receive (NP (NP any portion) (PP of (NP these appropriations)))))))))) , but (S (NP-SBJ (NP the size) (PP of (NP the increase))) (VP is (NP-ADV itself) (ADJP-PRD significant))) .)) (TOP (S (PP-LOC In (NP (NP (NP a second area) (PP of (NP common concern))) , (NP the world environment) ,)) (NP-SBJ-7 (NP an additional (QP $ 15 million) *U*) (PP *ICH*-1)) (VP will (VP be (VP provided (NP *-7) (PP-1 in (NP (NP development assistance) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP fund (NP (NP a series) (PP of (NP (NP initiatives) , (ADJP related (PP both to (NP (NP global warming) and (NP (NP the plight) (PP of (NP the African elephant)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The sweeping nature) (PP of (NP the bill))) (VP draws (NP (NP (NP a variety) (PP of (NP special interest amendments))) , (VP running (PP-CLR (PP from (NP (NP an import exemption) (PP for (NP a California airplane museum)))) (PP to (NP (NP a (ADJP small but intriguing) struggle) (PP-CLR among (NP sugar producing nations)) (PP over (NP (NP the fate) (PP of (NP (NP (NP Panama 's) quota) (PP of (NP (NP exports) (PP to (NP the profitable U.S. market)))))))))))))) .)) (TOP (S (S (NP-SBJ-8 Panama) (VP was (VP stripped (NP *-8) (PP-CLR of (NP this right)) (PP-PRP because of (NP (NP U.S. differences) (PP with (NP the Noriega regime))))))) , but (S (NP-SBJ the Central American country) (VP would (VP have (VP received (NP (NP a quota) (PP of (NP 30,537 metric tons)) (PP-TMP over (NP (NP a 21-month period) (VP ending (NP-TMP-CLR Sept. 30 , 1990))))))))) .)) (TOP (S (S (NP-SBJ-9 (NP About a quarter) (PP of (NP this share))) (VP has (ADVP-TMP already) (VP been (VP reallocated (NP *-9) , (PP according (PP to (NP the industry))))))) , but (S (NP-SBJ the remaining 23,403 tons) (VP are (ADVP-TMP still) (NP-PRD (NP a lucrative target) (PP for (NP growers))) (SBAR-PRP because (S (NP-SBJ (NP the current U.S. price) (PP of (NP (NP 18 cents) (NP-ADV a pound)))) (VP runs (PP (NP-ADV (NP (QP as much as a) nickel) (NP-ADV a pound)) above (NP the world rate))))))) .)) (TOP (S (S (NP-SBJ The potential sales) (VP are (NP-PRD (QP nearly $ 9.3 million) *U*))) , and (S (NP-SBJ-1 (NP House Majority Whip William Gray) (PRN -LRB- (NP (NP D.) , (NP Pa .)) -RRB-)) (VP began (NP the bidding) (NP-TMP-CLR this year) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP proposing (NP (NP language) (PRN (SBAR that (S (NP-SBJ-10 the quota) (VP be (VP allocated (NP *-10) (PP-CLR to (NP (NP (NP English-speaking countries) (PP of (NP the Caribbean))) , (PP such as (NP Jamaica and Barbados))))))))))))))) .)) (TOP (S (S (NP-SBJ (NP Rep. Jerry Lewis) , (NP a conservative Californian) ,) (VP added (NP (NP a provision) (PP of (NP his own)) (VP intended (S (NP-SBJ *) (VP to (VP assist (NP Bolivia)))))))) , and (S (NP-SBJ-1 the Senate) (ADVP-TMP then) (VP broadened (NP the list) (ADVP further) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP including (NP (NP (NP all countries) (PP-LOC in (NP the U.S. Caribbean Basin initiate))) as well as (NP the Philippines))))) - (S-ADV (NP-SBJ *-1) (VP backed (NP *) (PP by (NP-LGS the powerful Hawaii Democrat Sen. Daniel Inouye)))))) .)) (TOP (S (S (NP-SBJ-1 (NP Jamaica) , (ADJP wary (PP of (S-NOM (NP-SBJ *) (VP upsetting (NP its Caribbean Basin allies)))))) , (VP has (ADVP apparently) (VP instructed (NP-SBJ-2 its lobbyist) (S (NP-SBJ *-2) (VP to (VP abandon (NP (NP the provision) (RRC (ADVP-TMP initially) (VP drafted (NP *) (PP by (NP-LGS Mr. Gray))))))))))) , but (S (NP-SBJ the greater question) (VP is (SBAR whether (S (NP-SBJ-3 (NP Mr. Inouye) , (SBAR (WHNP-10 who) (S (NP-SBJ *T*-10) (VP has (NP (NP strong ties) (PP to (NP the sugar industry)))))) ,) (VP is (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP insert (NP (NP a claim) (PP by (NP the Philippines)))))))))))) .)) (TOP (S (PP-LOC In (NP separate floor action)) , (NP-SBJ the House) (VP (VP waived (NP budget restrictions)) and (VP gave (NP quick approval) (PP-DTV to (NP (NP (QP $ 3.18 billion) *U*) (PP in (NP (NP supplemental appropriations) (PP for (NP (NP (NP law enforcement) and (NP anti-drug programs)) (PP-TMP in (NP fiscal 1990)))))))))) .)) (TOP (S (NP-SBJ-11 The funding) (VP is (VP attached (NP *-11) (PP-CLR to (NP (NP an estimated (ADJP (QP $ 27.1 billion) *U*) transportation bill) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP goes (PP-DIR *ICH*-2) (ADVP-TMP next) (PP-DIR-2 to (NP the Senate))) and (VP carries (PP with (NP it)) (NP (NP a proposed permanent smoking ban) (PP-LOC on (NP virtually all U.S. domestic airline flights))))))))))) .)) (TOP (S (S (NP-SBJ-1 The leadership) (VP hopes (S (NP-SBJ *-1) (VP to (VP move (NP the compromise measure) (ADVP-TMP promptly) (PP-DIR to (NP the White House))))))) , but (S (PP-TMP in (NP recent days)) , (NP-SBJ-3 the Senate) (VP has (VP been (ADJP-PRD (ADJP as likely) (S (NP-SBJ *-3) (VP to (VP bounce (NP bills) (ADVP-DIR back) (PP-DIR to (NP the House))))))))) .)) (TOP (S (NP-SBJ The (ADJP most recent) example) (VP was (NP-PRD (NP a (ADJP (QP nearly $ 17.3 billion) *U*) fiscal 1990 bill) (VP funding (NP the State , Justice and Commerce departments)))) .)) (TOP (S And (PP-TMP after (S-NOM (NP-SBJ *-1) (VP losing (NP a battle) (NP-TMP Tuesday night) (PP with (NP the Senate Foreign Relations Committee))))) , (NP-SBJ-1 (NP appropriators) (PP from (NP both houses))) (VP are (VP expected (S (NP-SBJ-12 *-1) (VP to (VP be (VP forced (NP *-12) (ADVP-DIR back) (PP-DIR to (NP conference)))))))) .)) (TOP (S-HLN (NP-SBJ Beauty) (VP Takes (NP Backseat) (PP To (NP Safety)) (PP-LOC on (NP Bridges))))) (TOP (S (NP-SBJ EVERYONE) (VP AGREES (SBAR that (S (NP-SBJ-1 (NP most) (PP of (NP (NP the nation 's) old bridges))) (VP need (S (NP-SBJ-13 *-1) (VP to (VP be (VP repaired or replaced (NP *-13))))))))) .)) (TOP (S But (NP-SBJ there) (VP 's (NP-PRD (NP disagreement) (PP over (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP do (NP it) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (NP-SBJ Highway officials) (VP insist (SBAR 0 (S (NP-SBJ (NP the ornamental railings) (PP-LOC on (NP older bridges))) (VP are n't (ADJP-PRD strong enough (S (NP-SBJ *) (VP to (VP prevent (NP vehicles) (PP from (S-NOM (NP-SBJ *) (VP crashing (ADVP through)))))))))))) .)) (TOP (S But (NP-SBJ-1 other people) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP lose (NP (NP the bridges ') beautiful , (ADJP (ADVP-TMP sometimes) historic) , features)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The primary purpose) (PP of (NP a railing))) (VP is (S-PRD (NP-SBJ *) (VP (VP to (VP contain (NP a vehicle))) and not (VP to (VP provide (NP a scenic view))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Jack White) , (NP (NP a planner) (PP with (NP the Indiana Highway Department)))) .)) (TOP (S (NP-SBJ-1 He and others) (VP prefer (S (NP-SBJ *-1) (VP to (VP install (NP (NP railings) (PP such as (NP (NP the `` type F safety shape) , '' (NP (NP a four-foot-high concrete slab) (PP with (NP no openings)))))))))) .)) (TOP (S (PP-LOC In (NP (NP Richmond) , (NP Ind.) ,)) (NP-SBJ-1 the type F railing) (VP is (VP being (VP used (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP replace (NP (NP arched openings) (PP-LOC on (NP the G Street Bridge))))))))) .)) (TOP (S (NP-SBJ (NP Garret Boone) , (SBAR (WHNP-11 who) (S (NP-SBJ *T*-11) (VP teaches (NP art) (PP-LOC at (NP Earlham College))))) ,) (VP calls (S (NP-SBJ the new structure) (NP-PRD (NP `` just an ugly bridge '') and (NP (NP one) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP blocks (NP (NP the view) (PP of (NP (NP a new park) (ADVP-LOC below))))))))))) .)) (TOP (S (PP-LOC In (NP (NP Hartford) , (NP Conn.))) , (NP-SBJ-14 the Charter Oak Bridge) (VP will (ADVP-TMP soon) (VP be (VP replaced (NP *-14) , (S-ADV (NP-SBJ (NP the cast-iron medallions) (PP from (NP its railings))) (VP relegated (PP-DIR to (NP a park))))))) .)) (TOP (S (NP-SBJ Compromises) (VP are (ADJP-PRD possible)) .)) (TOP (S (NP-SBJ-1 (NP Citizens) (PP-LOC in (NP (NP Peninsula) , (NP Ohio)))) , (S-ADV (NP-SBJ *-1) (ADJP-PRD upset (PP over (NP (NP changes) (PP to (NP a bridge)))))) , (VP negotiated (NP (NP a deal) : (S (NP-SBJ (NP The bottom half) (PP of (NP the railing))) (VP will (VP be (NP-PRD type F) , (SBAR-ADV while (S (NP-SBJ the top half) (VP will (VP have (NP (NP the old bridge 's) floral pattern)))))))))) .)) (TOP (S (ADVP Similarly) , (NP-SBJ-1 highway engineers) (VP agreed (S (NP-SBJ *-1) (VP to (VP keep (NP (NP the old railings) (PP-LOC on (NP (NP the Key Bridge) (PP-LOC in (NP (NP Washington) , (NP D.C.) ,))))) (ADVP (ADVP as long) (SBAR as (S (NP-SBJ they) (VP could (VP install (NP a crash barrier) (PP-LOC-CLR between (NP (NP the sidewalk) and (NP the road)))))))))))) .)) (TOP (X-HLN Tray Bon ?)) (TOP (S-HLN (NP-SBJ Drink Carrier) (VP Competes (PP-CLR With (NP Cartons))))) (TOP (S (S (S-NOM-SBJ (NP-SBJ *) (VP PORTING (NP POTABLES))) (ADVP just) (VP got (ADJP easier))) , or (SINV (ADVP so) (VP claims) (NP-SBJ (NP Scypher Corp.) , (NP (NP the maker) (PP of (NP the Cup-Tote))))) .)) (TOP (S (NP-SBJ-1 (NP The Chicago company 's) beverage carrier) , (S-ADV (NP-SBJ-2 *-1) (VP meant (S (NP-SBJ *-2) (VP to (VP replace (NP cardboard trays))) (PP-LOC at (NP (NP concession stands) and (NP fast-food outlets)))))) , (VP resembles (NP (NP the plastic loops) (VP used (NP *) (PP-LOC on (NP (NP six-packs) (PP of (NP beer)))))) , (SBAR only (S (NP-SBJ the loops) (VP hang (PP-DIR from (NP (NP a web) (PP of (NP strings)))))))) .)) (TOP (S (NP-SBJ The new carrier) (VP can (VP tote (NP (QP as many as four) cups) (PP-TMP at (NP once)))) .)) (TOP (S (NP-SBJ Inventor Claire Marvin) (VP says (SBAR 0 (S (NP-SBJ his design) (ADVP virtually) (VP eliminates (NP spilling))))) .)) (TOP (S (NP-SBJ-1 Lids) (VP are n't (ADVP even) (VP needed (NP *-1))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP claims (SBAR 0 (S (NP-SBJ the carrier) (VP (VP costs (ADJP less)) and (VP takes (PRT up) (NP (NP less space) (PP than (NP most paper carriers)))))))) .)) (TOP (S (NP-SBJ A few fast-food outlets) (VP are (VP giving (NP it) (NP a try))) .)) (TOP (S (NP-SBJ The company) (VP acknowledges (NP some problems)) .)) (TOP (S (NP-SBJ-1 A driver) (VP has (S (NP-SBJ *-1) (VP to (VP find (NP (NP something) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP hang (NP the carrier) (PP-LOC on (NP *T*-2)))))))))) , (SBAR-ADV so (S (NP-SBJ the company) (VP supplies (NP a window hook))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ it) (VP breaks (PRT down) (PP-LOC-CLR in (NP prolonged sunlight))))) , (NP-SBJ it) (VP is n't (ADJP-PRD recyclable)) .)) (TOP (S And (PP unlike (NP some trays)) , (NP-SBJ there) (VP 's (NP-PRD (NP no place) (PP for (NP food)))) .)) (TOP (S-HLN (NP-SBJ (NP Spirit) (PP of (NP Perestroika))) (VP Touches (NP Design World)))) (TOP (S (NP-SBJ (NP AN EXCHANGE) (PP of (NP U.S. and Soviet designers))) (VP promises (NP (NP change) (PP-LOC on (NP both sides)))) .)) (TOP (S (NP-SBJ-1 (NP An exhibition) (PP of (NP American design and architecture))) (VP (VP opened (PP-TMP in (NP September)) (PP-LOC in (NP Moscow))) and (VP will (VP travel (PP-DIR to (NP eight other Soviet cities))))) .)) (TOP (S (NP-SBJ The show) (VP runs (NP (NP the gamut) , (PP from (NP a blender)) (PP to (NP chairs)) (PP to (NP (NP a model) (PP of (NP the Citicorp building)))))) .)) (TOP (S (NP-SBJ The event) (VP (VP continues (PP-TMP-CLR into (NP next year))) and (VP includes (NP an exchange program (S (NP-SBJ *) (VP to (VP swap (NP (NP design teachers) (PP-LOC at (NP (NP Carnegie-Mellon) and (NP (NP Leningrad 's) Mutchin Institute)))))))))) .)) (TOP (S (NP-SBJ (NP Dan Droz) , (NP (NP leader) (PP of (NP the Carnegie-Mellon group))) ,) (VP sees (NP benefits) (ADVP-LOC all around)) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The Soviets) , (SBAR (WHNP-12 who) (S (NP-SBJ *T*-12) (ADVP normally) (VP have (NP (NP few clients) (ADJP other (PP than (NP the state))))))) ,) (VP will (VP get (NP (NP `` exposure) (PP to (NP a market system)))))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Americans) (VP will (VP learn (NP (NP more) (PP about (S-NOM (NP-SBJ *) (VP making (NP products) (PP-BNF for (NP the Soviets)))))))) .)) (TOP (S (NP-SBJ Mr. Droz) (VP says (SBAR 0 (S (NP-SBJ the Soviets) (VP could (ADVP even) (VP help (S (NP-SBJ U.S. designers) (VP renew (NP (NP their sense) (PP of (NP purpose)))))))))) .)) (TOP (S `` (S-TPC-1 (PP-LOC In (NP Moscow)) , (NP-SBJ-5 they) (VP kept (S (NP-SBJ *-5) (VP asking (NP us) (NP (NP things) (PP like , ` (SBARQ-NOM (WHADVP-2 Why) (SQ do (NP-SBJ you) (VP make (NP 15 different corkscrews) , (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ (NP (NP all) (SBAR (WHNP-3 0) (S (NP-SBJ you) (VP need (NP *T*-3)))))) (VP is (NP-PRD one good one) (ADVP-TMP *T*-4)))) (ADVP-PRP *T*-2))) ?) ')))))) '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ They) (VP got (S (NP-SBJ us) (VP thinking (SBAR 0 (S (ADVP maybe) (NP-SBJ-1 we) (VP should (VP be (VP helping (S (NP-SBJ U.S. companies) (VP improve (NP existing products) (PP rather than (S-NOM (NP-SBJ *-1) (ADVP-TMP always) (VP developing (NP new ones)))))))))))))) . '')) (TOP (S-HLN (NP-SBJ-1 (NP Seed) (PP for (NP Jail Solution))) (VP Fails (S (NP-SBJ *-1) (VP to (VP Take (NP Root))))))) (TOP (S (S (NP-SBJ IT) (VP 'S (NP-PRD A (NAC TWO BIRDS (PP with (NP one stone))) deal))) : (S (NP-SBJ-2 Eggers Group architects) (VP propose (S (NP-SBJ *-2) (VP using (NP-1 grain elevators) (S-CLR (NP-SBJ *-1) (VP to (VP house (NP prisoners)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 It) (VP would (VP ease (NP jail overcrowding) (SBAR-ADV while (S (NP-SBJ *-1) (VP preserving (NP historic structures))))))) , (NP-SBJ the company) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S But (NP-SBJ (NP New York state) , (SBAR (WHNP-13 which) (S (NP-SBJ *T*-13) (VP is (VP seeking (NP (NP solutions) (PP to (NP its prison cell shortage))))))) ,) (VP says `` (INTJ no)) . '')) (TOP (S (S-TPC-2 (NP-SBJ (NP Grain elevators) (VP built (NP *) (PP-TMP in (NP the 1920s and '30s)))) (VP have (NP (NP six-inch concrete walls) and (NP (NP a tubular shape) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP (ADVP-MNR easily) contain (NP (NP semicircular cells) (PP with (NP (NP a control point) (PP-LOC in (NP the middle))))))))))))) , (NP-SBJ the New York firm) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 Many) (VP are (ADJP (ADJP far enough (PP from (NP residential areas)) (S (NP-SBJ *) (VP to (VP pass (NP public muster))))) , yet (ADJP close enough (S (NP-SBJ *) (VP to (VP permit (NP family visits))))))) .)) (TOP (S (S-1 (ADVP Besides) (PRN , (S (NP-SBJ Eggers) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ grain elevators) (VP are (PP-PRD worth (S-NOM (NP-SBJ *) (VP preserving (PP-PRP for (NP aesthetic reasons))))))) -- (S (NP-SBJ one famed architect) (VP compared (NP them) (PP-CLR to (NP (NP the pyramids) (PP of (NP Egypt)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP A number) (PP of (NP cities)) -- (PP including (NP Minneapolis , Philadelphia and Houston)) --) (VP have (NP vacant grain elevators))) , (NP-SBJ Eggers) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S-1 (NP-SBJ-2 (NP A medium-sized one) (PP-LOC in (NP Brooklyn))) (PRN , (S (NP-SBJ it) (VP says (SBAR 0 (S *T*-1)))) ,) (VP could (VP be (VP altered (S (NP-SBJ *-2) (VP to (VP house (NP (QP up to 1,000) inmates) (PP at (NP (NP a lower cost) (PP than (S-NOM (NP-SBJ *) (VP building (NP a new prison) (PP-LOC in (NP upstate New York))))))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP the state))) , (ADVP however) , (VP calls (S (NP-SBJ the idea) `` not (ADJP-PRD (ADJP effective) or (ADJP cost efficient)))) .)) (TOP (S (NP-SBJ The Labor Department) (VP (VP cited (NP USX Corp.) (PP for (NP (NP numerous health and safety violations) (PP-LOC at (NP two Pennsylvania plants))))) , and (VP proposed (NP (NP (NP (QP $ 7.3 million) *U*) (PP in (NP fines))) , (NP (NP the largest penalty) (VP (ADVP ever) proposed (NP *)) (PP for (NP (NP alleged workplace violations) (PP by (NP an employer)))))))) .)) (TOP (S (S (NP-SBJ (NP The department 's) Occupational Safety and Health Administration) (VP proposed (NP (NP fines) (PP of (NP (QP $ 6.1 million) *U*)) (PP for (NP (NP alleged violations) (PP-LOC at (NP (NP the company 's) (NAC-LOC Fairless Hills , Pa. ,) steel mill))))))) ; (S (NP-SBJ that) (VP was (NP-PRD (NP a record) (PP for (NP (NP proposed penalties) (PP-LOC at (NP any single facility))))))) .)) (TOP (S (NP-SBJ OSHA) (VP cited (NP (NP (QP nearly 1,500) alleged violations) (PP of (NP federal (UCP electrical , crane-safety , record-keeping and other) requirements)))) .)) (TOP (S (NP-SBJ (NP A second citation) (VP covering (NP (NP the company 's) (NAC-LOC Clairton , Pa. ,) coke works))) (VP involved (NP (NP (QP more than 200) alleged violations) (PP of (NP electrical-safety and other requirements)) , (SBAR (WHPP-1 for (WHNP which)) (S (NP-SBJ OSHA) (VP proposed (NP (NP (QP $ 1.2 million) *U*) (PP in (NP fines))) (PP *T*-1)))))) .)) (TOP (S (NP-SBJ Labor Secretary Elizabeth Dole) (VP said , `` (S (NP-SBJ-1 (NP The magnitude) (PP of (NP these penalties and citations))) (VP is (VP matched (NP *-1) (PP (ADVP only) by (NP-LGS (NP the magnitude) (PP of (NP (NP the hazards) (PP to (NP workers)))) (SBAR (WHNP-14 which) (S (NP-SBJ *T*-14) (VP resulted (PP from (NP (NP (NP corporate indifference) (PP to (NP worker safety and health))) , and (NP (NP severe cutbacks) (PP in (NP (NP the maintenance and repair programs) (VP needed (S (NP-SBJ *) (VP to (VP remove (NP those hazards))))))))))))))))))) . '')) (TOP (S (NP-SBJ OSHA) (VP said (SBAR 0 (S (NP-SBJ there) (VP have (VP been (NP-PRD (NP (NP three worker fatalities) (PP-LOC at (NP the two plants)) (PP-TMP in (NP the past two years))) and (NP (NP 17 deaths) (PP-TMP since (NP 1972))))))))) .)) (TOP (S (NP-SBJ (NP Gerard Scannell) , (NP (NP the head) (PP of (NP OSHA))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 USX managers) (VP (VP have (VP known (PP-CLR about (NP (NP many) (PP of (NP (NP the safety and health deficiencies) (PP-LOC at (NP the plants)))))) (PP-TMP for (NP years)))) , `` (ADVP yet) (VP have (VP failed (S (NP-SBJ *-1) (VP to (VP take (NP necessary action) (S (NP-SBJ *) (VP to (VP counteract (NP the hazards))))))))))))) . '')) (TOP (SINV-2 `` (ADJP-TPC-1 Particularly flagrant) (PRN , '' (S (NP-SBJ Mrs. Dole) (VP said (SBAR 0 (SINV *T*-2)))) , ``) (VP are (ADJP-PRD *T*-1)) (NP-SBJ (NP the company 's) numerous failures (S (NP-SBJ *) (VP to (VP (ADVP-MNR properly) record (NP (NP injuries) (PP-LOC at (NP its Fairless works))) , (PP in (NP (NP spite) (PP of (NP (NP the firm promise) (SBAR (WHNP-3 0) (S (NP-SBJ it) (VP had (VP made (NP *T*-3) (PP-LOC in (NP an earlier corporate-wide settlement agreement (S (NP-SBJ *) (VP to (VP correct (NP such discrepancies)))))))))))))))))) . '')) (TOP (S (NP-SBJ That settlement) (VP was (PP-TMP-PRD in (NP April 1987))) .)) (TOP (S (NP-SBJ A USX spokesman) (VP said (SBAR 0 (S (NP-SBJ the company) (VP had n't (ADVP yet) (VP received (NP (NP any documents) (VP *ICH*-1)) (PP-CLR from (NP OSHA)) (VP-1 regarding (NP the penalty or fine))))))) .)) (TOP (S (S-TPC-1 `` (SBAR-TMP Once (S (NP-SBJ we) (VP do))) , (NP-SBJ they) (VP will (VP receive (NP very serious evaluation))) , '') (NP-SBJ the spokesman) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ No consideration) (VP is (ADJP-PRD (ADJP more important) (PP than (NP (NP the health and safety) (PP of (NP our employees)))))) . '')) (TOP (S (NP-SBJ USX) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP been (VP cooperating (PP-CLR with (NP OSHA)) (SBAR-TMP since (S (NP-SBJ-1 the agency) (VP began (S (NP-SBJ *-1) (VP investigating (NP the Clairton and Fairless works)))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that , (S (SBAR-ADV if and (WHADVP-1 when) (S (NP-SBJ-15 safety problems) (VP were (VP identified (NP *-15) (ADVP-TMP *T*-1))))) , (NP-SBJ-16 they) (VP were (VP corrected (NP *-16)))))) .)) (TOP (S (NP-SBJ The USX citations) (VP represented (NP (NP the first sizable enforcement action) (VP taken (NP *) (PP by (NP-LGS OSHA)) (PP-LOC under (NP Mr. Scannell))))) .)) (TOP (S (NP-SBJ He) (VP has (VP promised (NP stiffer fines) , (SBAR-ADV though (S (NP-SBJ (NP the size) (PP of (NP (NP penalties) (VP sought (NP *) (PP by (NP-LGS OSHA)))))) (VP have (VP been (VP rising (PP-TMP in (NP recent years)) (SBAR-TMP (ADVP even) before (S (NP-SBJ he) (VP took (NP office) (NP-TMP this year))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ The big problem) (VP is (SBAR-PRD that (S (NP-SBJ-1 USX management) (VP has (VP proved (S (NP-SBJ-2 *-1) (ADJP-PRD unwilling (S (NP-SBJ *-2) (VP to (VP devote (NP the necessary resources and manpower) (PP-CLR (PP to (S-NOM (NP-SBJ *) (VP removing (NP hazards)))) and (PP to (S-NOM (NP-SBJ *) (VP safeguarding (NP (NP safety and health) (PP-LOC in (NP the plants)))))))))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Linda Anku) , (NP (NP OSHA regional administrator) (PP-LOC in (NP Philadelphia)))) .)) (TOP (S (NP-SBJ USX) (VP has (NP (NP 15 working days) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP contest (NP the (NX (NX citations) and (NX proposed penalties))) , (PP-LOC before (NP the independent Occupational Safety and Health Review Commission)) (ADVP-TMP *T*-1))))))) .)) (TOP (S (PP-TMP Before (NP the USX case)) , (NP-SBJ (NP (NP OSHA 's) largest proposed fine) (PP for (NP one employer))) (VP was (NP-PRD (NP (QP $ 4.3 million) *U*) (PP for (NP (NP alleged safety violations) (PP-LOC at (NP (NP John Morrell & Co.) , (NP (NP a meatpacking subsidiary) (PP of (NP (NP United Brands Co.) , (NP-LOC Cincinnati)))))))))) .)) (TOP (S (NP-SBJ The company) (VP is (VP contesting (NP the fine))) .)) (TOP (S (PP-PRP Due (PP to (NP an editing error))) , (NP-SBJ (NP a letter) (PP to (NP the editor)) (PP-LOC in (NP (NP yesterday 's) edition)) (PP from (NP Frederick H. Hallett))) (ADVP mistakenly) (VP identified (NP the NRDC)) .)) (TOP (S (NP-SBJ It) (VP should (VP be (NP-PRD the Natural Resources Defense Council))) .)) (TOP (S (NP-SBJ (NP Your Oct. 6 editorial) `` (NP-TTL The Ill Homeless) '') (VP referred (PP-CLR to (NP (NP research) (PP by (NP (NP us) and (NP (NP six) (PP of (NP our colleagues))))) (SBAR (WHNP-1 that) (S (NP-SBJ-17 *T*-1) (VP was (VP reported (NP *-17) (PP-LOC in (NP (NP the Sept. 8 issue) (PP of (NP (NP the Journal) (PP of (NP the American Medical Association))))))))))))) .)) (TOP (S (NP-SBJ Your comments) (VP implied (SBAR 0 (S (NP-SBJ we) (VP had (VP discovered (SBAR that (S (NP-SBJ-1 (NP the `` principal cause '') (PP of (NP homelessness))) (VP is (S-PRD (NP-SBJ-18 *-1) (VP to (VP be (VP found (NP *-18) (PP-CLR in (NP (NP the large numbers) (PP of (NP (ADJP (ADJP mentally ill) and (ADJP substance-abusing)) people)) (PP-LOC in (NP the homeless population)))))))))))))))) .)) (TOP (S (NP-SBJ We) (VP have (VP made (NP no such statement))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADJP-PRD clear) (SBAR-1 that (S (NP-SBJ (NP most mentally ill people) and (NP most alcoholics)) (VP do not (VP become (ADJP-PRD homeless)))))) .)) (TOP (S (NP-SBJ (NP The `` causes '') (PP of (NP homelessness))) (VP are (UCP-PRD (VP (ADVP-MNR poorly) understood) and (ADJP complex (PP in (NP any individual case))))) .)) (TOP (S (PP In (S-NOM (NP-SBJ *) (VP quoting (PP from (NP our research))))) (NP-SBJ-1 you) (VP emphasized (NP (NP the high prevalance) (PP of (NP mental illness and alcoholism)))) .)) (TOP (S (NP-SBJ You) (VP did not (VP note (SBAR that (S (NP-SBJ (NP the homeless people) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP examined (NP *T*-1))))) (VP had (NP (NP (NP a multitude) (PP of (NP physical disorders))) (PP in (NP (NP addition) (PP to (NP their (NX (NX psychiatric problems) and (NX substance abuse)))))))))))) .)) (TOP (S (NP-SBJ They) (VP suffered (PP from (NP (NP malnutrition) , (NP chest diseases) , (NP cardiovascular disorders) , (NP skin problems) , (NP infectious diseases) and (NP (NP the aftereffects) (PP of (NP assaults and rape)))))) .)) (TOP (S (S (NP-SBJ Homeless people) (CONJP not only) (VP lack (NP safety , privacy and shelter))) , (S (NP-SBJ they) (ADVP also) (VP lack (NP (NP the elementary necessities) (PP of (NP (NP nutrition) , (NP cleanliness) and (NP basic health care)))))) .)) (TOP (S (PP-LOC In (NP a recent report)) , (NP-SBJ (NP the Institute) (PP of (NP Medicine))) (VP pointed (PRT out) (SBAR that (S (S (NP-SBJ certain health problems) (VP may (VP predispose (NP a person) (PP-CLR to (NP homelessness))))) , (S (NP-SBJ others) (VP may (VP be (NP-PRD (NP a consequence) (PP of (NP it)))))) , and (S (NP-SBJ-19 a third category) (VP is (VP composed (NP *-19) (PP-CLR of (NP (NP disorders) (SBAR (WHNP-15 whose treatment) (S (NP-SBJ *T*-15) (VP is (ADJP-PRD (ADJP difficult) or (ADJP impossible)) (SBAR-ADV if (S (NP-SBJ a person) (VP lacks (NP adequate shelter))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The interactions) (PP between (NP health and homelessness))) (VP are (ADJP-PRD complex) , (S-ADV (NP-SBJ *-1) (VP defying (NP (NP sweeping generalizations) (PP as (PP to (NP `` (NP cause) '' or `` (NP effect)))))))) . '')) (TOP (S (SBAR If (S (NP-SBJ we) (VP look (PP-CLR to (NP the future))))) , (S-NOM-SBJ (NP-SBJ *) (VP preventing (NP homelessness))) (VP is (NP-PRD an important objective)) .)) (TOP (S (NP-SBJ This) (VP will (VP require (S (NP-SBJ us) (VP to (VP develop (NP (NP (NP a (ADJP much more sophisticated) understanding) (PP of (NP (NP the dynamics) (PP of (NP homelessness)))) (SBAR than (S (NP-SBJ we) (ADVP-TMP currently) (VP possess (NP *?*))))) , (NP (NP an understanding) (SBAR (WHNP-1 that) (S (NP-SBJ-20 *T*-1) (VP can (VP be (VP developed (NP *-20) (PP-MNR (ADVP only) through (NP careful study and research)))))))))))))) .)) (TOP (NP (NP (NP William R. Breakey M.D.) (NP Pamela J. Fischer M.D.)) (NP (NP (NP Department) (PP of (NP Psychiatry))) (NP (NP Johns Hopkins University School) (PP of (NP Medicine)) (NP-LOC Baltimore))))) (TOP (S (NP-SBJ (NP A study) (PP by (NP Tulane Prof. James Wright))) (VP says (SBAR 0 (S (NP-SBJ homelessness) (VP is (PP-PRD due to (NP (NP (NP a complex array) (PP of (NP problems))) , (PP with (NP (NP the common thread) (PP of (NP poverty)))))))))) .)) (TOP (S (NP-SBJ The study) (VP shows (SBAR (SBAR that (S (NP-SBJ-21 (NP (QP nearly 40) %) (PP of (NP the homeless population))) (VP is (VP made (PRT up) (NP *-21) (PP-CLR of (NP women and children)))))) and (SBAR that (S (NP-SBJ (NP (QP only 25) %) (PP of (NP the homeless))) (VP exhibits (NP (NP some combination) (PP of (NP (UCP drug , alcohol and mental) problems)))))))) .)) (TOP (S (PP According (PP to (NP Dr. Wright))) , (NP-SBJ homelessness) (VP is `` (ADVP-TMP simultaneously) (NP-PRD (NP a housing problem) , (NP an employment problem) , (NP a demographic problem) , (NP (NP a problem) (PP of (NP social disaffiliation))) , (NP a mental health problem) , (NP a family violence problem) , (NP (NP a problem) (VP created (NP *) (PP by (NP-LGS (NP the cutbacks) (PP in (NP social welfare spending)))))) , (NP (NP a problem) (VP resulting (PP from (NP (NP the decay) (PP of (NP the traditional nuclear family)))))) , and (NP (NP a problem) (VP (ADVP-MNR intimately) connected (PP-CLR to (NP (NP the recent increase) (PP-LOC in (NP (NP the number) (PP of (NP (NP persons) (VP living (PP-CLR below (NP the poverty level))))))))))))) . '')) (TOP (NP (NP Leighton E. Cluff M.D.) (NP (NP President) (NP (NP Robert Wood Johnson Foundation) (NP-LOC (NP Princeton) , (NP N.J .)))))) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP quote (NP (NP the (ADJP highly regarded) director) (PP of (NP (NP a (ADJP privately funded) drop-in center) (PP for (NP the homeless)) (PP-LOC in (NP New York)))))))) : `` (S (SBAR-ADV If (S (NP-SBJ you) (VP 're (ADJP-PRD homeless)))) , (NP-SBJ you) (VP do n't (VP sleep (PP-PRP for (NP (NP fear) (PP of (S-NOM (NP-SBJ-1 *) (VP being (VP robbed or murdered (NP *-1)))))))))) .)) (TOP (S (S (PP-TMP After (NP (NP your first three weeks) (PP of (NP sleep deprivation)))) , (NP-SBJ you) (VP 're (PP-PRD (ADVP scarcely) in (NP (NP touch) (PP with (NP reality)))) (ADVP-TMP any more))) ; (S (PP without (NP psychiatric treatment)) , (NP-SBJ-1 you) (VP may (ADVP well) (VP be (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP fend (PP for (NP yourself)) (ADVP-TMP ever again)))))))) . '')) (TOP (S (NP-SBJ (NP Some) (PP of (NP the homeless))) , (ADVP obviously) , (VP had (NP pre-existing (NX (NX mental illness) or (NX addiction)))) .)) (TOP (S But (NP-SBJ many others) (VP have (VP fallen (PP-DIR through (NP (NP cracks) (PP-LOC in (NP the economy)))) (PP-DIR into (NP (NP the grim , brutal world) (PP of (NP our city streets)))))) .)) (TOP (SBARQ (FRAG (ADVP-TMP Once) (ADVP-LOC there)) , (SBARQ (WHNP-1 (WHNP what ways) (PP of (NP escape)) (ADJP *ICH*-2)) (SQ are (NP-SBJ *T*-1) (VP open (PP-CLR to (NP them))) (ADJP-2 other (PP than (NP (NP drink) , (NP drugs) or (NP insanity)))))) ?)) (TOP (NP (NP Maxwell R.D. Vos) (NP-LOC (NP Brooklyn) , (NP N.Y .)))) (TOP (S (NP-SBJ You) (VP dismiss (PP as `` (ADJP sentimental) '') (NP the view (SBAR that (S (NP-SBJ (NP the reduction) (PP of (NP federal housing-assistance programs)) (PP by (NP 77 %))) (VP might (VP have (VP played (NP (NP a significant role) (PP in (NP (NP the increased number) (PP of (NP (NP men and women) (VP sleeping (PP-LOC-CLR on (NP our city streets)))))))) (PP-TMP during (NP the Reagan-Bush years))))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD no sign (SBAR that (S (NP-SBJ-1 you) (VP bothered (S (NP-SBJ *-1) (VP to (VP consider (NP (NP the inverse) (PP of (NP your logic))) : (ADVP namely) , (SBAR that (S (NP-SBJ (NP mental illness) and (NP substance abuse)) (VP might (VP be (PP to (NP some degree)) (NP-PRD (NP consequences (CONJP rather than) causes) (PP of (NP homelessness))))))))))))))) .)) (TOP (S (NP-SBJ Your research) (VP stopped (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-22 a convenient assertion) (VP could (VP be (VP made (NP *-22) (ADVP-TMP *T*-1))))))) .)) (TOP (NP (NP Robert S. Jenkins) (NP-LOC (NP Cambridge) , (NP Mass .)))) (TOP (S (PP Of (NP (NP the approximately 200 sponsors) (PP of (NP (NP the recent march) (PP-LOC in (NP Washington)) (PP for (NP the homeless)))))) , (NP-SBJ-1 you) (VP chose (S (NP-SBJ *-1) (VP to (VP cite (NP (NP such groups) (PP as (NP (NP (NP the National Association) (PP of (NP Home Builders))) and (NP (NP the International Union) (PP of (NP (NP Bricklayers) and (NP Allied Craftsmen)))))))))) , (S-ADV (NP-SBJ *-1) (VP insinuating (SBAR (SBAR that (S (NP-SBJ the march) (VP got (NP its major support) (PP from (NP (NP self-serving groups) (SBAR (WHNP-2 that) `` (S (NP-SBJ *T*-2) (VP know (NP a good thing) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ they) (VP see (NP it)) (ADVP-TMP *T*-3)))))) , ''))))) and (SBAR that (S (NP-SBJ-23 the crusade) (VP was (VP based (NP *-23) (PP-CLR on (NP (NP greed) or (NP the profit motive))))))))))) .)) (TOP (SQ But is n't (NP-SBJ (NP the desire) (PP for (NP profit))) (NP-PRD (NP the driving force) (PP-LOC behind (NP (NP those) (SBAR (WHNP-16 who) (S (NP-SBJ *T*-16) (VP (VP subscribe (PP to (NP *RNR*-1))) , and (VP advertise (PP in (NP *RNR*-1))) , (NP-1 your paper))))))) ?)) (TOP (SBARQ (WHADVP-1 Why) (SQ did n't (NP-SBJ you) (VP mention (NP (NP the YMCA) or (NP the YWCA) or (NP Catholic Charities USA) or (NP (NP a hundred other nonprofit organizations) (SBAR (WHNP-17 that) (S (NP-SBJ *T*-17) (VP participated (PP-CLR in (NP the march))))))) (ADVP-PRP *T*-1))) ?)) (TOP (S (PP As (PP for (NP (NP the findings) (PP on (NP (NP the 203 Baltimore homeless) (SBAR (WHNP-18 who) (S (NP-SBJ *T*-18) (VP underwent (NP psychiatric examinations))))))))) , (NP-SBJ I) (VP suggest (SBAR 0 (S (NP-SBJ you) (VP conduct (NP your own survey))))) .)) (TOP (S (S (NP-SBJ *) (VP Choose (NP (NP 203 business executives) , (PP including (PRN , (ADVP perhaps) ,) (NP (NP someone) (PP from (NP your own staff))))))) , and (S (NP-SBJ *) (VP put (NP-1 them) (ADVP-PUT out (PP on (NP the streets))) , (S-ADV (NP-SBJ-24 *-1) (VP to (VP be (VP deprived (NP *-24) (PP-TMP for (NP one month)) (PP-2 of (NP their homes , families and income)))))))) .)) (TOP (S (NP-SBJ I) (VP would (VP predict (SBAR that (S (PP-TMP within (NP a short time)) (NP-SBJ (NP most) (PP of (NP them))) (VP would (VP find (UCP (S (NP-SBJ Thunderbird) (NP-PRD (NP a satisfactory substitute) (PP for (NP Chivas Regal)))) and (SBAR that (S (NP-SBJ their `` normal '' (NX (NX phobias) , (NX anxieties) , (NX depressions) and (NX substance abuse))) (VP would (VP increase (ADVP-MNR dramatically)))))))))))) .)) (TOP (NP (NP Ruth K. Nelson) (NP-LOC (NP Cullowhee) , (NP N.C .)))) (TOP (S (NP-SBJ ROGERS COMMUNICATIONS Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP raise (NP (NP (QP 175 million to 180 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 148.9 million to $ 153.3 million) *U*) -RRB-)) (PP-MNR through (NP (NP a private placement) (PP of (NP perpetual preferred shares))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Perpetual preferred shares) (VP are n't (ADJP-PRD retractable (PP by (NP the holders))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Rogers) (VP said (SBAR (SBAR 0 (S (NP-SBJ the shares) (VP will (VP be (ADJP-PRD convertible (PP into (NP Class B shares))))))) , but (SBAR that (S (NP-SBJ the company) (VP has (NP the option (S (NP-SBJ *) (VP to (VP redeem (NP the shares) (SBAR-TMP before (S (NP-SBJ a conversion) (VP takes (NP place))))))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP the Toronto cable television and telecommunications concern))) (VP said (SBAR 0 (S (NP-SBJ-1 the coupon rate) (VP (VP has n't (ADVP yet) (VP been (VP fixed (NP *-1)))) , but (VP will (ADVP probably) (VP be (VP set (NP *-1) (PP-CLR at (NP (QP around 8) %))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP declined (S (NP-SBJ *-1) (VP to (VP discuss (NP (NP other terms) (PP of (NP the issue))))))) .)) (TOP (S (NP-SBJ The House) (VP passed (NP (NP legislation) (VP designed (S (NP-SBJ *) (VP to (VP make (S (NP-SBJ it) (ADJP-PRD easier (SBAR for (S (NP-SBJ the Transportation Department) (VP to (VP block (NP airline leveraged buy-outs))))))))))))) .)) (TOP (S (NP-SBJ The final vote) (VP came (SBAR-TMP after (S (NP-SBJ the House) (VP (VP rejected (NP Republican efforts (S (NP-SBJ *) (VP to (VP weaken (NP the bill)))))) and (VP approved (NP (NP two amendments) (VP sought (NP *) (PP by (NP-LGS organized labor))))))))) .)) (TOP (S (S (NP-SBJ-1 The Bush administration) (VP has (VP threatened (S (NP-SBJ *-1) (VP to (VP veto (NP such a bill)))) (PP-PRP because of (SBAR-NOM (WHNP-2 what) (S (NP-SBJ it) (VP views (NP *T*-2) (PP-CLR as (NP (NP an undesirable intrusion) (PP into (NP (NP the affairs) (PP of (NP industry))))))))))))) , but (S (NP-SBJ the 300-113 vote) (VP suggests (SBAR that (S (NP-SBJ supporters) (VP have (NP (NP the potential) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP override (NP a veto) (ADVP *T*-3))))))))))) .)) (TOP (S (NP-SBJ The broader question) (VP is (SBAR-PRD (WHADVP-1 where) (S (NP-SBJ the Senate) (VP stands (ADVP-LOC-CLR *T*-1) (PP-CLR on (NP the issue)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the Senate Commerce Committee) (VP has (VP approved (NP (NP legislation) (ADJP similar (PP to (NP the House bill))) (PP on (NP airline leveraged buy-outs))))))) , (NP-SBJ the measure) (VP has n't (ADVP yet) (VP come (PP-DIR to (NP the full floor)))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the legislation) (VP would (VP apply (PP-CLR to (NP (NP acquisitions) (VP involving (NP any major airline)))))))) , (NP-SBJ-25 it) (VP is (VP aimed (NP *-25) (PP-CLR at (S-NOM (NP-SBJ *) (VP giving (NP the Transportation Department) (NP the chance (S (NP-SBJ *) (VP to (VP review (PP-TMP in (NP advance)) (NP-1 (NP transactions) (VP financed (NP *) (PP by (NP-LGS (NP large amounts) (PP of (NP debt))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The purpose) (PP of (NP the bill))) (VP is (S-PRD (NP-SBJ *) (VP to (VP put (NP the brakes) (PP-PUT on (NP (NP airline acquisitions) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (ADVP so) (VP load (NP a carrier) (PRT up) (PP with (NP debt)) (SBAR-ADV that (S (NP-SBJ it) (VP would (VP impede (NP (NP safety) or (NP (NP a carrier 's) ability (S (NP-SBJ *) (VP to (VP compete)))))))))))))))))))) , '' (NP-SBJ (NP Rep. John Paul Hammerschmidt) , (PRN -LRB- (NP (NP R.) , (NP Ark .)) -RRB-)) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ The bill) , (SBAR-ADV as (S (NP-SBJ-26 it) (VP was (VP approved (NP *-26) (PP by (NP-LGS the House Public Works and Transportation Committee)))))) , (VP would (VP give (NP the Transportation Department) (NP (NP (QP up to 50) days) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP review (NP (NP any purchase) (PP of (NP (NP 15 % (QP or more)) (PP of (NP (NP the stock) (PP in (NP an airline))))))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ-1 The department) (VP would (VP be (VP required (S (NP-SBJ *-1) (VP to (VP block (NP the buy-out)))) (SBAR-ADV (SBAR if (S (NP-SBJ-2 the acquisition) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP (ADVP-MNR financially) weaken (NP a carrier) (SBAR-ADV so that (S (S (NP-SBJ-27 safety) (VP would (VP be (VP impaired (NP *-27))))) ; (S (NP-SBJ-3 its ability (S (NP-SBJ *) (VP to (VP compete)))) (VP would (VP be (VP (ADVP-MNR sharply) diminished (NP *-3))))) ; (S (NP-SBJ-28 it) (VP would (VP be (VP put (NP *-28) (PP-PUT into (NP foreign control))))))))))))))) ; or (SBAR if (S (NP-SBJ the transaction) (VP would (VP result (PP-CLR in (NP (NP the sale) (PP of (NP airline-related assets)))) -- (SBAR-ADV unless (S (S-NOM-SBJ (NP-SBJ *) (VP selling (NP such assets))) (VP had (NP an overriding public benefit)))))))))))) .)) (TOP (S (NP-SBJ The House) (VP approved (NP (NP an amendment) (VP offered (NP *) (PP by (NP-LGS (NP Rep. Peter DeFazio) (PRN -LRB- (NP (NP D.) , (NP Ore.)) -RRB-)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (PRN , (PP in (NP (NP addition) (PP to (NP the previous criteria)))) ,) (ADVP also) (VP require (S (NP-SBJ the department) (VP to (VP block (NP (NP the acquisition) (PP of (NP an airline))) (SBAR-ADV if (S (NP-SBJ-2 (NP the added debt) (VP incurred (NP *))) (VP were (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP result (PP in (NP (NP a reduction) (PP in (NP (NP (NP the number) (PP of (NP (NP the carrier 's) employees))) , or (NP their wages or benefits))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Rep. James Traficant) (PRN -LRB- (NP (NP D.) , (NP Ohio)) -RRB-)) , (VP said (SBAR 0 (S (NP-SBJ (NP the amendment) , (SBAR (WHNP-19 which) (S (NP-SBJ *T*-19) (VP passed (ADVP 271-147)))) ,) (VP would `` (VP let (S (NP-SBJ the American worker) (VP know (SBAR that (S (NP-SBJ we) (VP consider (NP them) (ADVP-TMP occasionally))))))))))) . '')) (TOP (S But (NP-SBJ Rep. Hammerschmidt) (VP said (SBAR that (S (NP-SBJ-1 (NP the provision) , (SBAR (WHNP-2 which) (S (NP-SBJ he) (VP dubbed (S (NP-SBJ *T*-2) (NP-PRD a `` special interest '' amendment))))) ,) (VP was (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ the bill) (ADJP-PRD even more controversial)))))))))) .)) (TOP (S (PP-TMP On (NP Tuesday)) , (NP-SBJ the House) (VP approved (NP (NP a labor-backed amendment) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP require (S (NP-SBJ the Transportation Department) (VP to (VP reject (NP airline acquisitions) (SBAR-ADV if (S (NP-SBJ (NP the person) (VP seeking (S (NP-SBJ *) (VP to (VP purchase (NP a carrier)))))) (VP had (VP run (NP (NP two or more airlines) (SBAR *ICH*-4)) (ADVP-TMP previously) (SBAR-4 (WHNP-2 that) (S (NP-SBJ *T*-2) (VP have (VP filed (PP-CLR for (NP (NP protection) (PP from (NP creditors)) (PP-LOC under (NP (NP Chapter 11) (PP of (NP the federal Bankruptcy Code))))))))))))))))))))))) .)) (TOP (S (NP-SBJ-29 (NP The provision) , (VP called (S (NP-SBJ *) (NP-PRD the `` two-time-losers '' amendment)) (PP by (NP-LGS its supporters))) ,) (ADVP apparently) (VP was (VP aimed (NP *-29) (PP-CLR at (S-NOM (NP-SBJ *) (VP preventing (NP-1 Texas Air Corp. Chairman Frank Lorenzo) (SBAR-CLR from (S-NOM (NP-SBJ *-1) (VP attempting (S (NP-SBJ *) (VP to (VP take (PRT over) (NP another airline)))))))))))) .)) (TOP (NP-HLN Follow-up report :)) (TOP (S (NP-SBJ You) (ADVP-TMP now) (VP may (VP (VP drop (PP by (NP (NP the (NAC Voice (PP of (NP America))) offices) (PP-LOC in (NP Washington))))) and (VP read (NP (NP the text) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ the Voice) (VP is (VP broadcasting (NP *T*-1) (PP-CLR to (NP (NP those 130 million people) (PP-LOC around (NP the world)) (SBAR (WHNP-20 who) (S (NP-SBJ *T*-20) (VP tune (PRT in) (PP to (NP it)) (NP-TMP each week))))))))))))))) .)) (TOP (S (NP-SBJ You) (VP can (ADVP even) (VP take (NP (NP notes) (PRN -- (NP extensive notes) , for (S (NP-SBJ the Voice folks) (VP wo n't (VP look (PP-CLR over (NP your shoulder))))) --) (PP about (SBAR-NOM (WHNP-1 what) (S (NP-SBJ you) (VP read (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ You) (VP can (VP do (NP all this) (SBAR-ADV even if (S (NP-SBJ you) (VP 're not (NP-PRD (NP a reporter) or (NP a researcher) or (NP a scholar) or (NP (NP a member) (PP of (NP Congress))))))))) .)) (TOP (S And (NP-SBJ my newspaper) (VP can (VP print (NP (NP the text) (PP of (NP those broadcasts))))) .)) (TOP (S (PP-TMP Until (NP the other day)) , (NP-SBJ (NP you) (PP as (NP (NP an ordinary citizen) (PP of (NP this democracy))))) (VP had (NP no right (S (NP-SBJ *) (VP to (VP see (SBAR (WHNP-21 what) (S (NP-SBJ your government) (VP was (VP telling (NP (NP your cousins) (PP-LOC around (NP the world))) (NP *T*-21)))))))))) .)) (TOP (S (NP-SBJ That) (VP was (NP-PRD the law)) .)) (TOP (S And (NP-SBJ I) (ADVP apparently) (VP had (NP no right (S (NP-SBJ *) (VP to (VP print (ADVP-LOC hither) (SBAR-NOM-1 (WHNP-2 what) (S (NP-SBJ the Voice) (VP was (VP booming (NP *T*-2) (PP-DIR to (NP yon))))))))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD censorship)) .)) (TOP (S (NP-SBJ It) (VP was (ADJP-PRD outrageous)) .)) (TOP (S And (NP-SBJ it) (VP was (ADJP-PRD stupid)) .)) (TOP (S (NP-SBJ The theory) (VP was (SBAR-PRD that (S (S (NP-SBJ the Voice) (VP is (NP-PRD a propaganda agency))) and (S (NP-SBJ this government) (VP should n't (VP propagandize (NP its own people))))))) .)) (TOP (S (S (NP-SBJ That) (VP sounds (ADJP-PRD neat))) , but (S (NP-SBJ (NP this government) (PRN -- (NP any government) --)) (VP propagandizes (NP its own people) (NP-TMP every day))) .)) (TOP (S (NP-SBJ (NP Government press releases) , (NP speeches) , (NP briefings) , (NP (NP tours) (PP of (NP military facilities))) , (NP publications)) (VP are (NP-PRD (NP all propaganda) (PP of (NP sorts)))) .)) (TOP (S (S (NP-SBJ Propaganda) (VP is (ADVP just) (NP-PRD (NP information) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP support (NP a viewpoint)))))))) , and (S (NP-SBJ (NP the beauty) (PP of (NP a democracy))) (VP is (SBAR-PRD that (S (NP-SBJ it) (VP enables (S (NP-SBJ you) (VP to (VP (VP hear or read (NP every viewpoint)) and (VP (ADVP-TMP then) make (PRT up) (NP your own mind) (PP-CLR on (NP an issue))))))))))) .)) (TOP (S (S (NP-SBJ (NP The restrictions) (PP on (NP (NP viewing and dissemination) (PP of (NP Voice material))))) (VP were (ADJP-PRD especially absurd))) : (S (NP-SBJ-1 (NP An agency) (PP-LOC in (NP the information business))) (VP was not (VP being (VP allowed (S (NP-SBJ *-1) (VP to (VP inform))))))) .)) (TOP (S (PP-TMP In (NP June 1988)) , (NP-SBJ I) (VP wrote (PP-LOC in (NP this space)) (PP-CLR about (NP this issue))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Assuming (SBAR 0 (S (NP-SBJ it) (VP was n't (NP-PRD (NP one) (PP of (NP those columns)) (SBAR (WHNP-2 that) (S (NP-SBJ you) (VP (VP clipped (NP *T*-2)) and (VP put (NP *T*-2) (PP-PUT on (NP the refrigerator door)))))))))))) , (NP-SBJ-1 I) (VP 'll (VP review (NP the facts))) .)) (TOP (S (NP-SBJ (NP The Voice) (PP of (NP America))) (VP is (NP-PRD (NP a government agency) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP broadcasts (NP (NP news and views) (PRN -- (S (NP-SBJ some) (VP might (VP say (NP propaganda)))) --)) (PP in (NP 43 languages)) (PP-CLR to (NP (NP (QP 130 million) listeners) (PP-LOC around (NP the world))))))))) .)) (TOP (S (NP-SBJ It) (VP does (NP a first-rate job)) .)) (TOP (S (NP-SBJ-30 (NP Its budget) (NP (QP $ 184 million) *U*) --) (VP is (VP paid (PP-CLR for (NP *-30)) (PP by (NP-LGS you)))) .)) (TOP (S But (NP-SBJ a 1948 law) (VP barred (NP (NP the `` dissemination '') (PP of (NP that material)) (PP-LOC in (NP the U.S)))) .)) (TOP (S (S (NP-SBJ The law) (VP let (S (NP-SBJ scholars , reporters and researchers) (VP read (NP (NP texts) (PP of (NP VOA material))) , (PP-LOC (ADVP only) at (NP (NP VOA headquarters) (PP-LOC in (NP Washington)))))))) , but (S (NP-SBJ it) (VP barred (NP-1 them) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP copying (NP texts)))))) .)) (TOP (S And , (PP of (NP course)) , (NP-SBJ there) (VP 's (NP-PRD (NP that word) `` (NP dissemination))) . '')) (TOP (SBARQ (WHADVP-1 How) (SQ 's (NP-SBJ that) (ADVP-PRD *T*-1) (ADVP-TMP again)) ?)) (TOP (S `` (S-TPC-1 (NP-SBJ-3 You) (VP may (VP come (PP-CLR by (NP the agency)) (S-PRP (NP-SBJ-4 *-3) (VP to (VP (VP read) but not (VP copy (UCP-MNR either (ADVP manually) or (PP by (S-NOM (NP-SBJ *) (VP photocopying))))))))))) , '' (NP-SBJ a Voice official) (VP explained (S *T*-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ I) (VP asked (ADVP-TMP *T*-2))))) .)) (TOP (FRAG (WHNP What) (SBAR if (S (NP-SBJ I) (VP (VP tune (PRT in) (NP my short-wave radio)) , (VP transcribe (NP an editorial or program)) , and (VP print (NP it) (PP-LOC in (NP my newspaper)))))) ?)) (TOP (S `` (SINV-TPC-1 Nor are (NP-SBJ-2 you) (ADJP-PRD free (S (NP-SBJ *-2) (VP to (VP reprint (NP such material)))))) , '' (NP-SBJ-31 I) (VP was (VP advised (NP *-31) (SINV *T*-1))) .)) (TOP (S (S (NP-SBJ That) (VP sounded (PP (NP-ADV a lot) like (NP censorship)))) , so (S (PP-TMP after (NP (NP years) (PP of (NP (NP letters and conversations) (SBAR (WHNP-22 that) (S (NP-SBJ *T*-22) (VP went (ADVP-DIR nowhere)))))))) , (NP-SBJ I) (VP sued)) .)) (TOP (S (ADVP-TMP (NP (NP A couple) (PP of (NP weeks))) ago) , (NP-SBJ I) (VP lost (NP the case) (PP-LOC in (NP (NP federal district court) (PP-LOC in (NP Des Moines))))) .)) (TOP (S (ADVP At least) , (NP-SBJ that) (VP 's (NP-PRD (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ-32 it) (VP was (VP reported (NP *-32) (ADVP-MNR *T*-1))))))) .)) (TOP (S And , (ADVP indeed) , (NP-SBJ-33 the lawsuit) (VP was (VP dismissed (NP *-33))) .)) (TOP (S But (NP-SBJ (NP I) (PRN -- (S (NP-SBJ-1 I) (VP like (S (NP-SBJ *-1) (VP to (VP think (PP-CLR of (NP it)) (PP-MNR in (NP (NP terms) (PP of (NP (NP we) , (NP (NP all) (PP of (NP us)))))))))))) --)) (VP won (NP the point)) .)) (TOP (S (S For (NP-SBJ a funny thing) (VP happened (PP-TMP on (NP (NP the way) (PP-DIR to (NP the ruling)))))) : (S (NP-SBJ (NP The United States Information Agency) , (SBAR (WHNP-23 which) (S (NP-SBJ *T*-23) (VP runs (NP the Voice)))) ,) (VP changed (NP (NP its position) (PP on (NP three key points))))) .)) (TOP (S -- (NP-SBJ The USIA) (VP said (SBAR that (S , (PP on (NP reflection)) , (PP of (NP course)) (NP-SBJ I) (VP could (VP print (NP (NP anything) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP could (VP get (NP my hands) (PP on (NP *T*-1)))))))))))) .)) (TOP (S-1 (NP-SBJ (NP The word) (NP dissemination)) (PRN , (S (NP-SBJ it) (VP decided (SBAR 0 (S *T*-1)))) ,) (VP referred (PP (ADVP only) to (NP itself))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The USIA) (VP (ADVP-MNR officially and publicly) declared (NP (NP the absolute right (S *ICH*-2)) (PP of (NP (NP everyone) (PP except (NP the USIA)))) (S-2 (NP-SBJ *) (VP to (VP disseminate (NP agency program materials) (PP-LOC in (NP the United States)))))))) , '' (NP-SBJ (NP my lawyer) , (NP (NP the scholarly Mark McCormick) (PP of (NP Des Moines))) ,) (VP said (S *T*-1) (PP-LOC in (NP (NP a memo) (VP (VP pointing (PRT out) (NP the facts)) and (VP trying (S (NP-SBJ *) (VP to (VP make (S (NP-SBJ me) (VP feel (ADJP-PRD good)))))))))) (SBAR-TMP after (S (NP-SBJ the press) (VP reported (SBAR that (S (NP-SBJ I) (VP had (VP lost)))))))) .)) (TOP (S (NP-SBJ The court) (VP (VP noted (NP the new USIA position)) but (PRN , (ADVP just (PP in (NP case))) ,) (VP (ADVP-MNR officially) found `` (SBAR that (S (NP-SBJ-1 Congress) (VP did not (VP intend (S (NP-SBJ *-1) (VP to (VP preclude (NP-2 plaintiffs) (PP from (S-NOM (NP-SBJ *) (VP disseminating (NP USIA information) (ADVP-LOC domestically))))))))))))) . '')) (TOP (S -- (NP-SBJ The USIA) (VP said (SBAR that (S , (PP on (NP reflection)) , (NP-SBJ (NP anyone) (NP *ICH*-2)) (VP could (VP view (NP the VOA materials) , (NP-2 (ADVP not just) (NP the reporters , scholars , researchers and congressmen) (SBAR (WHNP-1 who) (S (NP-SBJ-34 *T*-1) (VP are (VP mentioned (NP *-34) (PP-LOC in (NP the statute)))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ The USIA) (VP (ADVP-MNR publicly and officially) stated (PP-LOC in (NP the litigation)) (SBAR that (S (NP-SBJ-35 all persons) (VP are (VP allowed (NP *-35) (NP (NP access) (PP to (NP the materials))) , (PP notwithstanding (NP the statutory designations)) , (SBAR-PRP because (S (NP-SBJ the USIA) (VP has (VP determined (SBAR that (S (NP-SBJ it) (VP will not (VP check (NP (NP the credentials) (PP of (NP (NP any person) (VP (VP appearing) and (VP requesting (S (NP-SBJ *) (VP to (VP see (NP the materials))))))))))))))))))))))) , '' (NP-SBJ Mr. McCormick) (VP noted (S *T*-2)) .)) (TOP (S -- And (NP-SBJ the USIA) (VP said (SBAR that (S (NP-SBJ (NP all) (PP of (NP us))) (VP could (VP take (NP extensive notes)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The agency) (VP (ADVP-MNR publicly and officially) declared (PP-LOC in (NP the lawsuit)) (SBAR that (S (S (NP-SBJ (NP persons) (SBAR (WHNP-24 who) (S (NP-SBJ *T*-24) (VP examine (NP the materials))))) (VP may (VP make (NP notes)))) and (S , (SBAR-ADV while (S (NP-SBJ the agency position) (VP is (SBAR-PRD that (S (NP-SBJ persons) (VP may not (VP take (NP verbatim notes)))))))) , (NP-SBJ-3 no one) (VP will (VP check (S (NP-SBJ *-3) (VP to (VP determine (SBAR (WHNP-25 what notes) (S (NP-SBJ a person) (VP has (VP taken (NP *T*-25))))))))))))))) , '' (NP-SBJ Mr. McCormick) (VP reported (S *T*-1)) .)) (TOP (S (S (NP-SBJ I) (VP had (VP sought , (PP-LOC in (NP my suit)) , (NP (NP the right (S (NP-SBJ *) (VP to (VP print (NP Voice material))))) , (SBAR (WHNP-2 which) (S (NP-SBJ-36 *T*-2) (VP had (VP been (VP denied (NP me) (NP *-36)))))))))) , and (S (NP-SBJ-3 I) (VP had (VP sought (NP a right (S (NP-SBJ *) (VP to (VP receive (NP the information))))) , (S-ADV (NP-SBJ *-3) (VP arguing (PP in (NP effect)) (SBAR that (S (NP-SBJ a right (S (NP-SBJ *) (VP to (VP print (NP government information))))) (VP is n't (ADJP-PRD very helpful) (SBAR-ADV if (S (NP-SBJ I) (VP have (NP no right (S (NP-SBJ *) (VP to (VP get (NP the information)))))))))))))))) .)) (TOP (S But (NP-SBJ the court) (VP disagreed) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The First Amendment) (VP proscribes (NP-2 the government) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP passing (NP (NP laws) (VP abridging (NP (NP the right) (PP to (NP free speech)))))))))) , '' (NP-SBJ Judge Donald O'Brien) (VP ruled (S *T*-1)) .)) (TOP (S `` (NP-SBJ The First Amendment) (VP does not (VP prescribe (NP (NP a duty) (PP upon (NP the government)) (S (NP-SBJ *) (VP to (VP assure (NP (NP easy access) (PP to (NP information))) (PP for (NP (NP members) (PP of (NP the press)))))))))) . '')) (TOP (S So (ADVP-TMP now) (NP-SBJ the situation) (VP is (NP-PRD this)) :)) (TOP (S (NP-SBJ-2 You) (VP have (NP a right (S (NP-SBJ *-2) (VP to (VP read (NP (NAC Voice (PP of (NP America))) scripts))))) (SBAR-ADV if (S (NP-SBJ-1 you) (VP do n't (VP mind (S (S (NP-SBJ *-1) (VP traveling (PP-DIR to (NP Washington)) (NP-ADV every week (QP or so)))) and (S (NP-SBJ *-1) (VP visiting (NP the Voice office) (PP-TMP during (NP business hours)))))))))) .)) (TOP (S (NP-SBJ-1 I) (VP have (NP a right (S (NP-SBJ *-1) (VP to (VP print (NP those scripts))))) (SBAR-ADV if (S (NP-SBJ I) (VP (VP go (ADVP-DIR there)) and (VP (ADVP-MNR (ADVP laboriously) (PRN -- but (ADVP-TMP no longer) (ADVP surreptitiously) --)) copy (NP them) (PRT out) (PP-MNR in (NP long hand))))))) .)) (TOP (S But (NP-SBJ (NP neither) (PP of (NP us))) (VP can (VP (VP copy (NP the material) (PP-MNR on (NP a Xerox machine))) or (VP have (S (NP-SBJ-1 it) (VP sent (NP *-1) (PP-DTV to (NP us))))))) .)) (TOP (S (PP-TMP In (NP (NP an era) (SBAR (WHADVP-1 when) (S (NP-SBJ every government agency) (VP has (NP (NP a public-relations machine) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP sends (NP you) (NP stuff) (SBAR-ADV whether (S (NP-SBJ you) (VP want (NP it))) or not))))) (ADVP-TMP *T*-1)))))) , (NP-SBJ this) (VP does (VP seem (ADJP-PRD odd))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ Judge O'Brien) (VP ruled (SBAR that (S `` (S (NP-SBJ (NP it) (S *EXP*-1)) (VP would (VP be (ADJP-PRD easy) (S-1 (NP-SBJ *) (VP to (VP conclude (SBAR that (S (NP-SBJ (NP the USIA 's) position) (VP is ` (ADJP-PRD (ADJP inappropriate) or even (ADJP stupid))))))))))) , ' '' but (S (NP-SBJ it) (VP 's (NP-PRD the law)))))) .)) (TOP (S-1 So (NP-SBJ the next step) (PRN , (S (NP-SBJ I) (VP suspect (SBAR 0 (S *T*-1)))) ,) (VP is (S-PRD (NP-SBJ-2 *) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP get (S (NP-SBJ the law) (VP changed))))))))) .)) (TOP (S (NP-SBJ-1 We) (PRN -LRB- (S (NP-SBJ I) (VP assume (SBAR 0 (S (NP-SBJ you) (VP 're (PP-PRD in (NP this)) (PP with (NP me)) (PP-TMP at (NP this point))))))) -RRB-) (VP need (S (NP-SBJ *-1) (VP to (VP get (S (NP-SBJ (NP three words) (PRN -- `` (PP (PP for (NP examination)) (ADVP only)) '' --)) (VP eliminated (PP-CLR from (NP the law)))))))) .)) (TOP (S (NP-SBJ (NP Section 501) (PP of (NP (NP the United States Information and Educational Exchange Act) (PP of (NP 1948))))) (VP says (SBAR 0 (S (NP-SBJ Voice material) (VP shall (VP be (ADJP-PRD available (PP to (NP (NP (NP certain) (PP of (NP us))) (PRN -LRB- but (ADVP-TMP now) , (NP (NP thanks) (PP to (NP (NP the USIA 's) new position))) , (NP (NP all) (PP of (NP us))) -RRB-))) `` (PP (PP for (NP examination)) (ADVP only)))))))) . '')) (TOP (S (SBAR-ADV If (S (NP-SBJ those words) (VP were n't (ADVP there)))) , (NP-SBJ-1 (NP the nice people) (PP-LOC at (NP the Voice))) (VP would (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP (VP send (NP you) (NP the information)) or (PRN , (PP at (NP the very least)) ,) (VP let (S (NP-SBJ you) (VP photocopy (NP it)))))))))) .)) (TOP (S (NP-SBJ This) (VP is not (NP-PRD a trivial issue)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ You) (VP have ... (VP raised (NP (NP (NP important questions) (SBAR (WHNP-26 which) (S (NP-SBJ-2 *T*-26) (VP ought (S (NP-SBJ-3 *-2) (VP to (VP be (VP answered (NP *-3))))))))) : (SBARQ-NOM (SBARQ (WHNP-27 What) (SQ does (NP-SBJ USIA) (VP say (NP *T*-27) (PP-CLR about (NP America)) (ADVP-LOC abroad)))) ; (SBARQ (WHADVP-4 how) (SQ do (NP-SBJ we) (VP say (NP it) (ADVP-MNR *T*-4)))) ; and (SBARQ (WHADVP-5 how) (SQ can (NP-SBJ American taxpayers) (VP get (NP (NP the answers) (PP to (NP these questions))) (ADVP-MNR *T*-5))))) ? '')))) (NP-SBJ a man) (VP wrote (NP me) (S *T*-1) (ADVP-TMP (NP (NP a couple) (PP of (NP years))) ago)) .)) (TOP (S (NP-SBJ The man) (VP was (NP-PRD Charles Z. Wick)) .)) (TOP (S (PP-TMP At (NP the time)) , (NP-SBJ he) (VP was (NP-PRD (NP director) (PP of (NP the)))))) (TOP (S (NP-SBJ He) (VP had (NP no answers) (ADVP-TMP then)) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ there) (VP are (NP-PRD some)) .)) (TOP (S (NP-SBJ This democracy) (VP is (ADVP-TMP suddenly) (ADJP-PRD (ADVP (NP-ADV a little) more) democratic)) .)) (TOP (S (NP-SBJ I) (VP feel (ADJP-PRD pretty good) (PP-CLR about (NP it))) .)) (TOP (S (NP-SBJ Mr. Gartner) (VP is (NP-PRD (NP (NP editor and co-owner) (PP of (NP (NP the Daily Tribune) (PP-LOC in (NP (NP Ames) , (NP Iowa)))))) , and (NP (NP president) (PP of (NP (NP NBC News) (PP-LOC in (NP New York))))))) .)) (TOP (S (NP-SBJ-37 R. Gordon McGovern) (VP was (VP forced (NP *-37) (ADVP-DIR out) (PP-CLR as (NP (NP Campbell Soup Co. 's) president and chief executive officer)) , (NP-ADV (NP the strongest evidence yet) (PP of (NP (NP the power) (SBAR (WHNP-1 that) (S (NP-SBJ-2 Dorrance family members) (VP intend (S (NP-SBJ *-2) (VP to (VP wield (NP *T*-1) (PP in (S-NOM (NP-SBJ *) (VP reshaping (NP the troubled food company))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Herbert M. Baum) , (NP (NP the 53-year-old president) (PP of (NP (NP the company 's) Campbell U.S.A. unit)))) , and (NP (NP Edwin L. Harper) , (NP 47) , (NP the chief financial officer) ,)) (VP will (VP run (NP Campbell) (PP as (NP a team)) , (S-ADV (NP-SBJ *-1) (VP dividing (NP responsibilities) (ADVP-MNR rather evenly) (SBAR-TMP until (S (NP-SBJ-38 a successor) (VP is (VP named (NP *-38))))))))) .)) (TOP (S (NP-SBJ The board) (ADVP-TMP already) (VP has (VP been (VP searching (PP-CLR for (NP (NP strong outside candidates) , (PP including (NP (NP food-industry executives) (PP with (NP considerable international experience))))))))) .)) (TOP (S (NP-SBJ Wall Street) (VP reacted (ADVP-MNR favorably) (PP-CLR to (NP (NP (NP Mr. McGovern 's) departure) and (NP its implications)))) .)) (TOP (S (PP-LOC In (NP (NP heavy trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ (NP Campbell 's) shares) (VP rose (NP-EXT $ 3.375 *U*) (S-CLR (NP-SBJ *) (VP to (VP close (PP-CLR at (NP $ 47.125 *U*)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The profit motive) (PP of (NP the major shareholders))) (VP has (ADVP-MNR clearly) (VP changed (PP for (NP the better))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP John McMillin) , (NP (NP a food industry analyst) (PP for (NP (NP Prudential-Bache) (PP-LOC in (NP New York)))))) .)) (TOP (S (NP-SBJ-1 Mr. McGovern) (VP was (ADVP-LOC widely) (VP seen (NP *-1) (PP-CLR as (ADJP sales (PRN , and not profit ,) oriented)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ New managers) (VP would (VP think (PP (ADVP (NP-ADV a little) more) like (NP Wall Street))))) , '' (NP-SBJ Mr. McMillin) (VP added (S *T*-1)) .)) (TOP (S (NP-SBJ-1 (NP Some) (PP of (NP (NP the surge) (PP in (NP (NP the stock 's) price))))) (VP appeared (S (NP-SBJ-39 *-1) (VP to (VP be (VP linked (NP *-39) (PP-CLR to (NP (NP revived takeover speculation) , (SBAR (WHNP-28 which) (S (NP-SBJ *T*-28) (VP has (VP contributed (PP-CLR to (NP (NP volatility) (PP of (NP Campbell shares)) (PP-TMP in (NP recent months))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Campbell 's) international businesses) , (PP-LOC (ADVP particularly) in (NP (NP the U.K.) and (NP Italy))) ,) (VP appear (S (NP-SBJ *-1) (VP to (VP be (PP-PRD at (NP (NP the heart) (PP of (NP its problems)))))))) .)) (TOP (S (S (NP-SBJ Growth) (VP has (VP fallen (ADVP short (PP of (NP targets)))))) and (S (NP-SBJ operating earnings) (VP are (PP-PRD (ADVP far) below (NP (NP results) (PP-LOC in (NP U.S. units)))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ Campbell) (VP is (NP-PRD (NP a distant third) (PP-LOC in (NP (NP the U.K. frozen foods market) , (SBAR (WHADVP-1 where) (S (NP-SBJ it) (ADVP-TMP recently) (VP (VP paid (NP (QP 24 times) earnings) (PP-CLR for (NP Freshbake Foods PLC))) and (VP wound (PRT up) (PP with (NP (NP (ADJP far more) capacity) (SBAR than (S (NP-SBJ it) (VP could (VP use (NP *?*)))))))) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (ADVP Similarly) , (NP-SBJ-40 (NP (NP Campbell 's) Italian biscuit operation) , (NP D. Lazzaroni & Co.) ,) (VP has (VP been (VP hurt (NP *-40) (PP by (NP-LGS (NP overproduction) and (NP distribution problems)))))) .)) (TOP (S (NP-SBJ Such problems) (VP will (VP require (NP considerable skill) (S-PRP (NP-SBJ *) (VP to (VP resolve))))) .)) (TOP (S (ADVP However) , (NP-SBJ neither (NP Mr. Baum) nor (NP Mr. Harper)) (VP has (NP much international experience)) .)) (TOP (S (NP-SBJ (NP Mr. Baum) , (NP (NP a seasoned marketer) (SBAR (WHNP-29 who) (S (NP-SBJ-1 *T*-29) (VP is (VP said (S (NP-SBJ *-1) (VP to (VP have (NP (NP a good rapport) (PP with (NP Campbell employees))))))))))) ,) (VP will (VP have (NP (NP responsibility) (PP for (NP (NP all domestic operations) (PP except (NP the Pepperidge Farm unit))))))) .)) (TOP (S (NP-SBJ (NP Mr. Harper) , (NP (NP a veteran) (PP of (NP several manufacturing companies)) (SBAR (WHNP-30 who) (S (NP-SBJ *T*-30) (VP joined (NP Campbell) (PP-TMP in (NP 1986)))))) ,) (VP will (VP take (NP (NP charge) (PP of (NP (NP all overseas operations) (PP as well as (NP Pepperidge))))))) .)) (TOP (S (PP-LOC In (NP an joint interview)) (NP-TMP yesterday) , (NP-SBJ both men) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP would (VP like (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the company 's) next chief executive))))))))) .)) (TOP (S (NP-SBJ (NP Mr. McGovern) , (NP 63) ,) (VP had (VP been (PP-PRD under (NP (NP intense pressure (S *ICH*-1)) (PP from (NP the board)) (S-1 (NP-SBJ *) (VP to (VP boost (NP (NP Campbell 's) mediocre performance) (PP-DIR-CLR to (NP (NP the level) (PP of (NP other food companies))))))))))) .)) (TOP (S (NP-SBJ-41 The board) (VP is (VP dominated (NP *-41) (PP by (NP-LGS (NP the heirs) (PP of (NP (NP the late John T. Dorrance Jr.) , (SBAR (WHNP-31 who) (S (NP-SBJ *T*-31) (VP controlled (NP (NP (QP about 58) %) (PP of (NP (NP Campbell 's) stock))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP died (PP-TMP in (NP April)) (ADVP-TMP *T*-1))))))))))))) .)) (TOP (S (PP-TMP In (NP recent months)) , (NP-SBJ (NP (NP Mr. Dorrance 's) children) and (NP other family members)) (VP have (VP pushed (PP-CLR for (NP (NP improved profitability) and (NP (NP higher returns) (PP on (NP their equity))))))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ the company) (VP took (NP (NP a (ADJP (QP $ 343 million) *U*) pretax charge) (PP against (NP fiscal 1989 earnings))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP announced (NP a world-wide restructuring plan) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ The plan) (VP calls (PP for (S-NOM (NP-SBJ *) (VP (VP closing (NP (QP at least nine) plants)) and (VP eliminating (NP (QP about 3,600) jobs)))))) .)) (TOP (S But (NP-SBJ analysts) (VP said (SBAR 0 (S (S (NP-SBJ (NP early results) (PP-DIR from (NP the reorganization))) (VP have (VP been (ADJP-PRD disappointing) , (PP-LOC (ADVP especially) in (NP Europe))))) , and (S (NP-SBJ there) (VP were (NP-PRD signs (SBAR that (S (NP-SBJ the board) (VP became (ADJP-PRD impatient)))))))))) .)) (TOP (S (NP-SBJ Campbell officials) (VP said (SBAR 0 (S (NP-SBJ-1 Mr. McGovern) (VP was n't (ADJP-PRD available (S *ICH*-2)) (NP-TMP yesterday) (S-2 (NP-SBJ *-1) (VP to (VP discuss (NP (NP the circumstances) (PP of (NP his departure)))))))))) .)) (TOP (S (NP-SBJ (NP The company 's) prepared statement) (VP quoted (NP-1 him) (PP-CLR as (S-NOM (NP-SBJ *-1) (VP saying , `` (S (S (NP-SBJ The CEO succession) (VP is (ADVP-PRD well along))) and (S (NP-SBJ-2 I) (VP 've (VP decided (PP-PRP for (NP personal reasons)) (S (NP-SBJ *-2) (VP to (VP take (NP early retirement)))))))))))) . '')) (TOP (S But (NP-SBJ (NP people) (ADJP familiar (PP with (NP (NP the agenda) (PP of (NP (NP (NP the board 's) meeting) (NP-TMP last week) (PP-LOC in (NP London)))))))) (VP said (SBAR 0 (S (NP-SBJ-42 Mr. McGovern) (VP was (VP fired (NP *-42)))))) .)) (TOP (S (NP-SBJ (NP Mr. McGovern) (NP himself)) (VP had (VP said (ADVP-TMP repeatedly) (SBAR that (S (NP-SBJ-1 he) (VP intended (S (NP-SBJ *-1) (VP to (VP stay (PRT on) (SBAR-TMP until (S (NP-SBJ he) (VP reached (NP (NP the conventional retirement age) (PP of (NP 65))) (PP-TMP in (NP October 1991))))) , `` (SBAR-ADV unless (S (NP-SBJ I) (VP get (VP fired)))))))))))) . '')) (TOP (S (NP-SBJ Campbell) (VP said (SBAR 0 (S (NP-SBJ Mr. McGovern) (VP had (VP withdrawn (NP his name) (PP as (NP (NP a candidate) (PP for (NP (NP re-election) (PP as (NP a director)) (PP-TMP at (NP (NP the annual shareholder meeting) , (VP scheduled (NP *) (PP-TMP for (NP Nov. 17)))))))))))))) .)) (TOP (S (PP-TMP For (NP fiscal 1989)) , (NP-SBJ Mr. McGovern) (VP received (NP (NP a salary) (PP of (NP $ 877,663 *U*)))) .)) (TOP (S (NP-SBJ He) (VP (VP owns (NP (NP (QP about 45,000) shares) (PP of (NP Campbell stock)))) and (VP has (NP options (S (NP-SBJ *) (VP to (VP buy (NP (QP more than 100,000) additional shares))))))) .)) (TOP (S (NP-SBJ He) (VP will (VP be (ADJP-PRD eligible (PP for (NP (NP an annual pension) (PP of (NP (QP more than $ 244,000) *U*)) (PP with (NP certain other fringe benefits))))))) .)) (TOP (S (S-TPC-1 (PP-TMP During (NP (NP (NP Mr. McGovern 's) nine-year term) (PP as (NP president)))) , (S (NP-SBJ (NP the company 's) sales) (VP rose (PP-DIR to (NP (QP $ 5.7 billion) *U*)) (PP-DIR from (NP (QP $ 2.8 billion) *U*)))) and (S (NP-SBJ net income) (VP increased (PP-DIR to (NP (QP $ 274 million) *U*)) (PP-DIR from (NP (QP $ 130 million) *U*))))) , (NP-SBJ the statement) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Mr. Baum) (VP said (SBAR 0 (S (NP-SBJ-1 (NP he) and (NP Mr. Harper) both) (VP advocated (S (NP-SBJ *-1) (VP closing (NP some plants))) (ADVP-TMP (ADVP as long ago) (PP as (NP early 1988))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 You) (VP 've (VP got (S (NP-SBJ *-2) (VP to (VP make (S (NP-SBJ the restructuring) (VP work)))))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Baum) .)) (TOP (S `` (NP-SBJ-1 You) (VP 've (VP got (S (NP-SBJ *-1) (VP to (VP make (NP those savings) (ADVP-TMP now)))))) . '')) (TOP (S (NP-SBJ Mr. Harper) (VP expressed (NP confidence (SBAR that (S (NP-SBJ (NP he) and (NP Mr. Baum)) (VP can (VP convince (NP (NP the board) (PP of (NP their worthiness (S (NP-SBJ *) (VP to (VP run (NP the company))))))))))))) .)) (TOP (S `` (S-1 (NP-SBJ We) (VP look (PP upon (NP this)) (PP-CLR as (NP a great opportunity (S (NP-SBJ *) (VP to (VP prove (NP the fact (SBAR that (S (NP-SBJ we) (VP have (NP a tremendous management team)))))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP predicted (SBAR that (S (NP-SBJ-1 the board) (VP would (VP give (NP the current duo) (PP-TMP until (NP early next year)) (PP-TMP before (S-NOM (NP-SBJ *) (VP naming (NP a new chief executive))))))))) .)) (TOP (S (NP-SBJ Mr. Baum) (VP said (SBAR 0 (S (NP-SBJ the two) (VP have (NP orders (S (NP-SBJ *) (VP (VP to `` (VP focus (PP-CLR on (NP bottom-line profits))) '') and (VP to `` (VP take (NP (NP a hard look) (PP at (NP our businesses)) (PRN -- (SBAR (SBAR (WHNP-32 what) (S (NP-SBJ *T*-32) (VP is (ADJP-PRD good)))) , (SBAR (WHNP-33 what) (S (NP-SBJ *T*-33) (VP is not (ADJP-PRD so good)))))))))))))))) . '')) (TOP (S (NP-SBJ Analysts) (ADVP generally) (VP applaud (NP (NP the performance) (PP of (NP (NP Campbell U.S.A.) , (NP (NP the company 's) largest division) , (SBAR (WHNP-34 which) (S (NP-SBJ *T*-34) (VP posted (NP (NP (ADJP 6 %) unit sales growth) and (NP (NP a (ADJP 15 %) improvement) (PP-LOC in (NP operating profit)))) (PP-TMP for (NP fiscal 1989))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The way) (SBAR (WHADVP-2 that) (S (NP-SBJ we) (VP 've (VP been (VP managing (NP Campbell U.S.A.) (ADVP-CLR *T*-2))))))) (VP can (ADVP hopefully) (VP spread (PP-DIR to (NP (NP other areas) (PP of (NP the company))))))) , '' (NP-SBJ Mr. Baum) (VP said (S *T*-1)) .)) (TOP (S (PP-LOC In (NP (NP the interview) (PP-LOC at (NP headquarters)) (NP-TMP yesterday afternoon))) , (NP-SBJ-1 both men) (VP (VP exuded (NP confidence)) and (VP seemed (S (NP-SBJ *-1) (VP to (VP work (ADVP well) (ADVP together)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ You) (VP 've (VP got (NP (NP two champions) (VP sitting (PP-LOC (ADVP right) before (NP you))))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Baum) .)) (TOP (S `` (NP-SBJ-1 We) (VP play (S-CLR (NP-SBJ *-1) (VP to (VP win)))) .)) (TOP (NP-TMP-HLN (NP Wednesday) , (NP November 1 , 1989))) (TOP (S (NP-SBJ (NP The key (UCP U.S. and foreign) annual interest rates) (ADVP-LOC below)) (VP (VP are (NP-PRD (NP a guide) (VP to (NP general levels)))) but (VP do n't (ADVP-TMP always) (VP represent (NP actual transactions)))) .)) (TOP (NP (NP PRIME RATE) : (NP 10 1 %) .)) (TOP (NP (NP The base rate) (PP on (NP (NP corporate loans) (PP-LOC at (NP large U.S. money center commercial banks)))) .)) (TOP (NP (NP FEDERAL FUNDS) : (NP (NP (NP (NP 9 1 %) (ADJP high)) , (NP (NP 8 3 %) (ADJP low)) , (NP (NP 8 3 %) (PP near (NP closing bid))) , (NP (NP 9 %) (VP offered (NP *))))) .)) (TOP (NP (NP Reserves) (VP traded (NP *) (PP among (NP commercial banks)) (PP-TMP for (NP overnight use)) (PP in (NP (NP amounts) (PP of (NP (QP $ 1 million or more) *U*))))) .)) (TOP (NP (NP Source) : (NP Fulton Prebon (PRN -LRB- (NP U.S.A .) -RRB-) Inc) .)) (TOP (NP (NP DISCOUNT RATE) : (NP 7 %) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP depository institutions)))) (PP by (NP the New York Federal Reserve Bank)) .)) (TOP (NP (NP CALL MONEY) : (NP 9 3 %) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP brokers)) (PP on (NP stock exchange collateral)))) .)) (TOP (NP (NP (NP COMMERCIAL PAPER) (VP placed (NP *) (ADVP-MNR directly) (PP by (NP-LGS General Motors Acceptance Corp.)))) : (NP (NP (NP 8.55 %) (NP (QP 30 to 44) days)) ; (NP (NP 8.25 %) (NP (QP 45 to 59) days)) ; (NP (NP 8.45 %) (NP (QP 60 to 89) days)) ; (NP (NP 8 %) (NP (QP 90 to 119) days)) ; (NP (NP 7.90 %) (NP (QP 120 to 149) days)) ; (NP (NP 7.80 %) (NP (QP 150 to 179) days)) ; (NP (NP 7.55 %) (NP (QP 180 to 270) days))) .)) (TOP (NP (NP COMMERCIAL PAPER) : (NP (NP (NP High-grade unsecured notes) (VP sold (NP *) (PP through (NP dealers)) (PP by (NP-LGS major corporations)) (PP in (NP (NP multiples) (PP of (NP $ 1,000 *U*)))))) : (NP (NP 8.65 %) (NP 30 days)) ; (NP (NP 8.575 %) (NP 60 days)) ; (NP (NP 8.50 %) (NP 90 days))) .)) (TOP (NP (NP (NP CERTIFICATES) (PP OF (NP DEPOSIT))) : (NP (NP (NP 8.07 %) (NP one month)) ; (NP (NP 8.06 %) (NP two months)) ; (NP (NP 8.04 %) (NP three months)) ; (NP (NP 7.95 %) (NP six months)) ; (NP (NP 7.88 %) (NP one year))) .)) (TOP (NP (NP (NP Average) (PP of (NP top rates))) (VP paid (NP *) (PP by (NP-LGS major New York banks)) (PP-CLR (PP on (NP (NP primary new issues) (PP of (NP negotiable C.D.s)))) , (ADVP usually) (PP on (NP (NP amounts) (PP of (NP (QP $ 1 million and more) *U*)))))) .)) (TOP (S (NP-SBJ The minimum unit) (VP is (NP-PRD $ 100,000 *U*)) .)) (TOP (NP (NP (NP Typical rates) (PP-LOC in (NP the secondary market))) : (NP (NP (NP 8.60 %) (NP one month)) ; (NP (NP 8.55 %) (NP three months)) ; (NP (NP 8.35 %) (NP six months))) .)) (TOP (NP (NP BANKERS ACCEPTANCES) : (NP (NP (NP 8.50 %) (NP 30 days)) ; (NP (NP 8.48 %) (NP 60 days)) ; (NP (NP 8.30 %) (NP 90 days)) ; (NP (NP 8.15 %) (NP 120 days)) ; (NP (NP 8.07 %) (NP 150 days)) ; (NP (NP 7.95 %) (NP 180 days))) .)) (TOP (NP (NP Negotiable , bank-backed business credit instruments) (VP (ADVP typically) financing (NP an import order)) .)) (TOP (NP (NP LONDON LATE EURODOLLARS) : (NP (NP (NP (QP 8 3 % to 8 5 %) *U*) (NP one month)) ; (NP (NP (QP 8 13 % to 8 11 %) *U*) (NP two months)) ; (NP (NP (QP 8 3 % to 8 5 %) *U*) (NP three months)) ; (NP (NP (QP 8 5 % to 8 1 %) *U*) (NP four months)) ; (NP (NP (QP 8 1 % to 8 7 %) *U*) (NP five months)) ; (NP (NP (QP 8 1 % to 8 3 %) *U*) (NP six months))) .)) (TOP (NP (NP (NP LONDON INTERBANK OFFERED RATES) (PRN -LRB- (NP LIBOR) -RRB-)) : (NP (NP (NP (QP 8 3) %) (NP one month)) ; (NP (NP (QP 8 3) %) (NP three months)) ; (NP (NP (QP 8 1) %) (NP six months)) ; (NP (NP (QP 8 7) %) (NP one year))) .)) (TOP (NP (NP (NP The average) (PP of (NP (NP interbank offered rates) (PP for (NP dollar deposits)) (PP-LOC in (NP the London market))))) (VP based (NP *) (PP-CLR on (NP (NP quotations) (PP-LOC at (NP five major banks))))) .)) (TOP (NP (NP FOREIGN PRIME RATES) : (NP (NP (NP Canada) (NP 13.50 %)) ; (NP (NP Germany (NP 9 %))) ; (NP (NP Japan) (NP 4.875 %)) ; (NP (NP Switzerland) (NP 8.50 %)) ; (NP (NP Britain) (NP 15 %))) .)) (TOP (S (S (NP-SBJ These rate indications) (VP are n't (ADJP-PRD directly comparable))) ; (S (NP-SBJ lending practices) (VP vary (ADVP widely) (PP-MNR by (NP location)))) .)) (TOP (NP (NP TREASURY BILLS) : (NP (NP (NP Results) (PP of (NP (NP the (NAC-TMP Monday , October 30 , 1989 ,) auction) (PP of (NP (NP short-term U.S. government bills) , (VP sold (NP *) (PP-CLR at (NP (NP a discount) (PP from (NP face value)))) (PP-CLR in (NP (NP units) (PP of (NP (QP $ 10,000 to $ 1 million) *U*))))))))) : (NP (NP (NP 7.78 %) (NP 13 weeks)) ; (NP (NP 7.62 %) (NP 26 weeks))))) .)) (TOP (NP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP .) (PRN -LRB- (NP Freddie Mac) -RRB-)) : (VP Posted (NP (NP yields) (PP on (NP (NP 30-year mortgage commitments) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days)))))))) .)) (TOP (NP (NP (NP 9.82 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 8.25 %) , (NP 2 % rate capped one-year adjustable rate mortgages)) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION) (PRN -LRB- (NP Fannie Mae) -RRB-)) : (VP Posted (NP (NP yields) (PP on (NP (NP 30 year mortgage commitments) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days)))))) (PRN -LRB- (VP priced (NP *) (PP-CLR at (NP par))) -RRB-) (NP (NP (NP 9.75 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 8.70 %) , (NP 6 rate capped one-year adjustable rate mortgages))))) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP MERRILL LYNCH READY ASSETS TRUST) : (NP 8.64 %) .)) (TOP (NP (NP (NP Annualized average rate) (PP of (NP return)) (PP after (NP expenses)) (PP-TMP for (NP the past 30 days))) ; not (NP (NP a forecast) (PP of (NP future returns))) .)) (TOP (S (NP-SBJ (NP Robert L. Bernstein) , (NP (NP chairman and president) (PP of (NP Random House Inc.))) ,) (VP announced (NP (NP his resignation) (PP from (NP (NP the publishing house) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP has (VP run (NP *T*-1) (PP-TMP for (NP 23 years)))))))))) .)) (TOP (S (NP-SBJ-1 A successor) (VP was n't (VP named (NP *-1) , (SBAR-ADV (WHNP-35 which) (S (NP-SBJ *T*-35) (VP fueled (NP speculation (SBAR that (S (NP-SBJ Mr. Bernstein) (VP may (VP have (VP clashed (PP-CLR with (NP (NP S.I. Newhouse Jr.) , (SBAR (WHNP-2 (WHNP whose family company) , (NP Advance Publications Inc.) ,) (S (NP-SBJ *T*-2) (VP owns (NP Random House))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Abrupt departures) (VP are n't (ADJP-PRD unheard (PP of (NP *-1))) (PP-LOC within (NP the Newhouse empire))) .)) (TOP (S (PP-LOC In (NP an interview)) , (NP-SBJ Mr. Bernstein) (VP said (SBAR 0 (S (S (NP-SBJ his departure) `` (VP evolved (PP-CLR out (PP of (NP (NP discussions) (PP with (NP Si Newhouse))))))) and (S (NP-SBJ that) (VP 's (NP-PRD (NP the decision) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP reached (NP *T*-1)))))))))) . '')) (TOP (S (NP-SBJ-1 He) (VP declined (S (NP-SBJ *-1) (VP to (VP elaborate , (ADVP (ADVP other) (SBAR than (S (NP-SBJ *-1) (VP to (VP say , `` (S (NP-SBJ It) (ADVP just) (VP seemed (NP (NP the right thing) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-2) (PP-TMP at (NP this minute)))))))))))))))))) .)) (TOP (S (ADVP-TMP Sometimes) (NP-SBJ you) (ADVP just) (VP go (PP-CLR with (NP your gut))) . '')) (TOP (S (NP-SBJ Mr. Bernstein) (VP said (SBAR 0 (S (NP-SBJ he) (VP will (VP (VP stay (PP-TMP-CLR until (NP Dec. 31))) and (VP work (PP-CLR with (NP (NP his successor) , (SBAR (WHNP-36 who) (S (NP-SBJ-1 *T*-36) (VP is (S-PRD (NP-SBJ-43 *-1) (VP to (VP be (VP named (NP *-43) (ADVP-TMP soon)))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Newhouse) , (ADVP-TMP meanwhile) , (VP insisted (SBAR that (S (NP-SBJ he) (VP is n't (ADJP-PRD unhappy (PP with (NP (NP Mr. Bernstein) or (NP (NP the performance) (PP of (NP (NP Random House) , (NP (NP the largest trade publishing house) (PP-LOC in (NP the U.S))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ (NP the publisher 's) annual sales volume) (VP increased (PP-DIR to (NP (QP $ 800 million) *U*)) (PP-DIR from (NP (QP $ 40 million) *U*)) (PP-TMP during (NP (NP Mr. Bernstein 's) tenure)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Bob) (VP has (VP handled (NP (NP the extraordinary growth) (PP of (NP the company))) (ADVP-MNR quite brilliantly)))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Newhouse) .)) (TOP (S (S `` (NP-SBJ The company) (VP is (VP doing (ADVP-MNR well)))) , (S (NP-SBJ it) (VP 's (ADJP-PRD stable))) , (S (NP-SBJ it) (VP 's (VP got (NP good people)))) .)) (TOP (S (S (NP-SBJ Bob) (VP has (NP an agenda))) and (S (NP-SBJ this) (VP seemed (PP-CLR like (NP the natural time)))) . '')) (TOP (S (NP-SBJ Publishing officials) (VP believe (SBAR that (S (SBAR-ADV while (S (NP-SBJ Random House) (VP (VP has (VP enjoyed (NP spectacular growth))) and (VP has (VP (ADVP-MNR smoothly) integrated (NP many acquisitions))) (PP-TMP in (NP recent years))))) , (NP-SBJ-44 (NP some) (PP of (NP the bigger ones))) (VP have n't (VP been (VP absorbed (NP *-44) (ADVP-MNR so easily))))))) .)) (TOP (S (NP-SBJ-1 (NP Crown Publishing Group) , (VP acquired (NP *) (NP-TMP last year)) ,) (VP is (VP said (S (NP-SBJ *-1) (VP to (VP be (VP turning (PRT in) (NP disappointing results))))))) .)) (TOP (S (PP As (NP a private company)) , (NP-SBJ Random House) (VP does n't (VP report (NP its earnings))) .)) (TOP (S (NP-SBJ (NP Mr. Bernstein) , (SBAR (WHNP-37 who) (S (NP-SBJ *T*-37) (VP succeeded (NP Bennett Cerf)))) ,) (VP has (VP been (NP-PRD (NP only the second president) (PP of (NP Random House))) (SBAR-TMP since (S (NP-SBJ-45 it) (VP was (VP founded (NP *-45) (PP-TMP in (NP 1925)))))))) .)) (TOP (S (NP-SBJ (NP Speculation) (PP on (NP his successor))) (VP centers (PP-CLR on (NP (NP a number) (PP of (NP (NP division heads) (PP-LOC at (NP the house))))))) .)) (TOP (S (NP-SBJ Possible candidates) (VP include (NP (NP Susan Petersen) , (NP (NP president) (PP of (NP (NP Ballantine/Del Rey/Fawcett) , (NP (NP Random House 's) huge and successful paperback division)))))) .)) (TOP (S (NP-SBJ Some) (VP say (SBAR 0 (S (NP-SBJ-46 (NP Anthony Cheetham) , (NP (NP head) (PP of (NP (NP a recently acquired British company) , (NP Century Hutchinson)))) ,) (VP could (VP be (VP chosen (NP *-46))))))) .)) (TOP (S (NP-SBJ There) (VP is (ADVP also) (NP-PRD speculation (SBAR that (S (NP-SBJ Mr. Newhouse) (VP could (VP bring (ADVP-DIR in) (NP (NP (NP a powerhouse businessman) or (NP another Newhouse family member)) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP run (NP the business side) , (PP in (NP (NP combination) (PP with (NP (NP a publishing executive) (PP like (NP (NP Robert Gottlieb) , (SBAR (WHNP-38 who) (S (NP-SBJ-2 *T*-38) (VP left (NP (NP Random House 's) Alfred A. Knopf) (S-PRP (NP-SBJ *-2) (VP to (VP run (NP (NP the New Yorker) , (VP (ADVP also) owned (NP *) (PP by (NP-LGS the Newhouse family))))))))))))))))))))))))))) .)) (TOP (SINV Not (PP-PRD included (PP on (NP the most-likely-successor list))) are (NP-SBJ (NP (NP Joni Evans) , (VP recruited (NP *) (ADVP-TMP (NP two years) ago) (S-PRP (NP-SBJ *) (VP to (VP be (NP-PRD (NP publisher) (PP of (NP adult trade books)) (PP for (NP Random House)))))))) , and (NP (NP Sonny Mehta) , (NP (NP president) (PP of (NP the prestigious Alfred A. Knopf unit))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Ms. Evans) (VP took (NP her job) (ADVP-TMP *T*-1)))) , (NP-SBJ-3 (NP several important divisions) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP had (VP reported (PP to (NP her predecessor))))))) (VP were n't (VP included (NP *-3) (SBAR-PRP (ADVP partly) because (S (NP-SBJ-4 she) (VP did n't (VP wish (S (NP-SBJ *-4) (VP to (VP be (NP-PRD a full-time administrator)))))))))) .)) (TOP (S (NP-SBJ Mr. Mehta) (VP is (ADVP widely) (VP viewed (PP-CLR as (NP (NP a brilliant editor) but (NP a less-than-brilliant administrator))))) and (S (NP-SBJ-47 his own departure) (VP was (VP rumored (NP *-47))) (ADVP-TMP recently)) .)) (TOP (S (NP-SBJ (NP Mr. Bernstein) , (NP (NP a tall , energetic man) (SBAR (WHNP-39 who) (S (NP-SBJ *T*-39) (VP is (ADVP widely) (VP respected (PP-CLR as (NP a publishing executive))))))) ,) (VP has (VP spent (NP (NP much) (PP of (NP his time))) (PP-TMP in (NP recent years)) (PP-CLR on (NP human rights issues)))) .)) (TOP (S (NP-SBJ-1 Congress) (VP learned (PP-TMP during (NP the Reagan administration)) (SBAR that (S (NP-SBJ it) (VP could (VP intimidate (NP the executive branch) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP uttering (ADVP-TMP again and again) (NP (NP the same seven words) : `` (SBAR-ADV Provided , that (S (NP-SBJ-48 no funds) (VP shall (VP be (VP spent (NP *-48))))))))))))))) ... . '')) (TOP (S (NP-SBJ-49 This phrase) (ADVP-TMP once again) (VP is (VP found (NP *-49) (PP throughout (NP (NP the many appropriations bills) (VP (ADVP-TMP now) moving (PP-DIR through (NP Congress))))))) .)) (TOP (S (NP-SBJ It) (VP signals (NP (NP Congress 's) attempt (PRN , (PP under (NP (NP the pretext) (PP of (S-NOM (NP-SBJ *) (VP guarding (NP the public purse)))))) ,) (S (NP-SBJ *) (VP to (VP deny (NP the president) (NP (NP the funding) (ADJP necessary (S (NP-SBJ *) (VP to (VP execute (NP (NP certain) (PP of (NP his duties and prerogatives)) (VP specified (NP *) (PP-LOC in (NP (NP Article II) (PP of (NP the Constitution)))))))))))))))) .)) (TOP (S (NP-SBJ-50 (NP This species) (PP of (NP congressional action))) (VP is (VP predicated (NP *-50) (PP on (NP (NP an interpretation) (PP of (NP the appropriations clause)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD erroneous and unconstitutional)))))))) .)) (TOP (S (NP-SBJ The appropriations clause) (VP states (SBAR that `` (S (NP-SBJ-51 No Money) (VP shall (VP be (VP drawn (NP *-51) (PP-DIR from (NP the Treasury)) , (PP but (PP in (NP (NP Consequence) (PP of (NP (NP Appropriations) (VP made (NP *) (PP by (NP-LGS Law)))))))))))))) ... . '')) (TOP (S (NP-SBJ (NP The prevailing interpretation) (PP of (NP the clause)) (PP-LOC on (NP Capitol Hill))) (VP is (SBAR-PRD that (S (NP-SBJ it) (VP gives (NP Congress) (NP (NP an omnipresent veto) (PP over (NP (NP every conceivable action) (PP of (NP the president))))) (PP-MNR through (NP the ability (S (NP-SBJ *) (VP to (VP withhold (NP funding)))))))))) .)) (TOP (S (NP-SBJ-1 This interpretation) (VP was (ADVP officially) (VP endorsed (NP *-1) (PP by (NP-LGS Congress)) (PP-TMP in (NP 1987)) (PP-LOC in (NP the Iran-Contra Report)))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ (NP partisans) (PP of (NP congressional power))) (VP understand))) , (NP-SBJ (NP a `` power) (PP of (NP the purse)) '' (VP (ADVP-MNR so broadly) construed (NP *))) (VP would (VP (VP emasculate (NP the presidency)) and (VP swallow (NP (NP the principle) (PP of (NP (NP separation) (PP of (NP powers)))))))) .)) (TOP (S (NP-SBJ It) (VP is not (VP supported (PP by (NP (NP the text or history) (PP of (NP the Constitution)))))) .)) (TOP (S (NP-SBJ The framers) (ADVP hardly) (VP discussed (NP the appropriations clause) (PP-LOC at (NP (NP the Constitutional Convention) (PP of (NP 1787)))) , (PP according (PP to (NP (NP Madison 's) notes)))) .)) (TOP (S (PP To (NP the extent (SBAR 0 (S (NP-SBJ they) (VP did))))) , (NP-SBJ-1 their concern) (VP was (S-PRD (NP-SBJ *-1) (VP to (VP ensure (NP fiscal accountability))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ the framers) (VP believed (SBAR that (S (NP-SBJ the nation) (VP needed (NP (NP a unitary executive) (PP with (NP (NP the independence and resources) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP perform (NP (NP the executive functions) (SBAR (WHNP-2 that) (S (NP-SBJ the Confederation Congress) (VP had (VP performed (NP *T*-2) (ADVP-MNR poorly) (PP-LOC under (NP (NP the Articles) (PP of (NP Confederation))))))))) (ADVP *T*-1)))))))))))) .)) (TOP (S (NP-SBJ It) (VP would (VP contradict (NP that objective) (SBAR-ADV if (S (NP-SBJ-52 (NP the appropriations clause) (PRN -LRB- (ADVP technically) (NP (NP a limitation) (PP on (NP legislative power))) -RRB-)) (VP could (VP be (VP read (NP *-52) (SBAR-CLR as (S (S (NP-SBJ *-52) (VP placing (NP the president) (PP-LOC on (NP (NP Congress 's) short leash)))) , (S (NP-SBJ *-52) (VP making (S (NP-SBJ the executive) (VP consist (PP-CLR of (NP (NP the president) and (NP (NP every member) (PP of (NP Congress)))))))))))))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ it) (VP went (PP-DIR to (NP (NP the conference panel) (VP (ADVP-TMP now) deliberating)))))) , (NP-SBJ (NP the appropriations bill) (PP for (NP (NP the executive office) (PP of (NP the president)))) (PP-TMP for (NP fiscal 1990))) (VP contained (NP (NP some breathtaking attempts (S *ICH*-1)) (PP by (NP Congress)) (S-1 (NP-SBJ *) (VP to (VP rewrite (NP the Constitution) (PP under (NP (NP the pretext) (PP of (S-NOM (NP-SBJ *) (VP protecting (NP (NP the public 's) money))))))))))) .)) (TOP (S (PP-TMP During (NP the coming weeks)) , (NP-SBJ President Bush) (VP must (VP decide (SBAR whether (S (S (NP-SBJ *) (VP to (VP veto (NP (NP the bills) (VP containing (NP them)))))) -- or , (ADVP alternatively) , (S (NP-SBJ *) (VP to (VP sign (NP these bills) (PP-CLR into (NP law)) (PP with (NP (NP a statement) (VP declaring (S (NP-SBJ (NP their intrusions) (PP on (NP executive power))) (VP to (VP be (UCP-PRD (PP in (NP (NP violation) (PP of (NP Article II)))) , and thus (ADJP void and severable))))))))))))))) .)) (TOP (S (NP-SBJ-1 The 1990 appropriations legislation) (VP attempts (S (NP-SBJ *-1) (VP to (VP strip (NP (NP the president) (PP of (NP his powers (S (NP-SBJ *) (VP to (VP make (NP certain appointments) (SBAR-ADV as (S (NP-SBJ-2 *) (VP provided (NP *-2) (PP by (NP-LGS Article II))))))))))))))) .)) (TOP (S (NP-SBJ Article II) (VP places (PP-LOC on (NP the president)) (NP the duty (S (NP-SBJ *) (VP to (VP (VP nominate (NP *RNR*-1)) , `` and (VP (PP by and with (NP (NP the Advice and Consent) (PP of (NP the Senate)))) '' appoint (NP *RNR*-1)) , (NP-1 (NP ambassadors) , (NP judges) , and (NP (NP other officers) (PP of (NP the U.S))))))))) .)) (TOP (S (S (NP-SBJ It) (ADVP also) (VP empowers (S (NP-SBJ the president) (VP to (VP make (NP recess appointments) , (PP without (NP Senate approval))))))) : `` (S (NP-SBJ The President) (VP shall (VP have (NP Power (S (NP-SBJ-2 *) (VP to (VP fill (PRT up) (NP (NP all Vacancies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP may (VP happen (PP-TMP during (NP (NP the Recess) (PP of (NP the Senate))))))))) , (PP by (S-MNR (NP-SBJ *-2) (VP granting (NP (NP Commissions) (SBAR (WHNP-40 which) (S (NP-SBJ *T*-40) (VP shall (VP expire (PP-TMP at (NP (NP the End) (PP of (NP their next Session))))))))))))))))))) . '')) (TOP (S (ADVP Yet) (NP-SBJ (NP Section 605) (PP of (NP (NP the appropriations bill) (PP for (NP the executive office))))) (VP provides : `` (S (NP-SBJ-53 (NP No part) (PP of (NP (NP any appropriation) (PP-TMP for (NP the current fiscal year)) (VP contained (NP *) (PP-LOC in (NP this or any other Act)))))) (VP shall (VP be (VP paid (NP *-53) (PP-DTV to (NP any person)) (PP-CLR for (NP (NP the filling) (PP of (NP (NP any position) (SBAR (WHPP-1 for (WHNP which)) (S (NP-SBJ-54 he or she) (VP has (VP been (VP nominated (NP *-54) (PP-CLR *T*-1)))))))))) (SBAR-TMP after (S (NP-SBJ-2 the Senate) (VP has (VP voted (S (NP-SBJ *-2) not (VP to (VP approve (NP (NP the nomination) (PP of (NP said person))))))))))))))) . '')) (TOP (S (ADVP Thus) , (PP with (NP (NP one brief passage) (PP-LOC in (NP an appropriations bill)))) , (NP-SBJ Congress) (VP repeals (NP (NP the president 's) power (S (NP-SBJ *) (VP to (VP make (NP recess appointments) (PP-LOC under (NP Article II))))))) .)) (TOP (S (NP-SBJ Section 605) (ADVP also) (VP imposes (NP unconstitutional conditions) (PP-CLR on (NP (NP the president 's) ability (S (NP-SBJ *) (VP to (VP nominate (NP (NP candidates) (PP of (NP his choosing))))))))) .)) (TOP (S (NP-SBJ (NP The language) (PP of (NP the appropriations rider))) (VP implies (SBAR that (S (NP-SBJ (NP any nomination) (PP to (NP (NP any position) (PP of (NP a rejected nominee))))) (VP will (VP result (PP-CLR in (S-NOM (NP-SBJ-55 the president) (VP being (VP denied (NP *-55) (NP (NP funding) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP pay (NP (NP that person 's) salary) (ADVP *T*-1))))))))))))))) .)) (TOP (S (NP-SBJ-1 The president) (VP could (ADVP probably) not (VP avoid (NP this restriction) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP choosing (NP (NP people) (ADJP willing (S (NP-SBJ *) (VP to (VP serve (PP without (NP pay)))))))))) , (SBAR-PRP because (S (NP-SBJ the Anti-Deficiency Act) (VP prohibits (NP (NP voluntary service) (PP to (NP the government)))))))) .)) (TOP (S (NP-SBJ The 1990 appropriations bills) (ADVP also) (VP contain (NP (NP a number) (PP of (NP (NP `` muzzling '' provisions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP violate (NP (NP the recommendation clause) (PP-LOC in (NP (NP Article II) (PP of (NP the Constitution)))))))))))) .)) (TOP (S (NP-SBJ (NP Muzzling provisions) , (SBAR (WHNP-1 which) (S (NP-SBJ-56 *T*-1) (VP might (VP be (VP called (S (NP-SBJ *-56) `` (NP-PRD blindfold laws) '') (ADVP as well)))))) ,) (VP prevent (NP-2 the executive branch) (PP (PP from (ADVP even) (S-NOM (NP-SBJ *-2) (VP looking (PP-CLR at (NP certain policy options))))) , (PP (ADVP let alone) from (S-NOM (NP-SBJ *-2) (VP recommending (NP them) (PP-CLR to (NP Congress))))))) .)) (TOP (S (NP-SBJ Such laws) (VP violate (NP (NP the provision) (PP-LOC in (NP Article II)) (SBAR (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP requires (S (NP-SBJ the president) (VP to (VP make (NP recommendations) (PP-CLR to (NP Congress)))))))) , but (SBAR (WHNP-41 which) (S (NP-SBJ *T*-41) (VP gives (NP the president) (NP (NP the discretion) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP select (NP (NP the subject matter) (PP of (NP those recommendations))) (ADVP *T*-2)))))))))))) .)) (TOP (S (ADVP Typically) , (NP-SBJ-1 these laws) (VP seek (S (NP-SBJ *-1) (VP to (VP prevent (NP-2 executive branch officials) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP (VP inquiring (PP-CLR into (SBAR whether (S (NP-SBJ certain federal programs) (VP make (NP any economic sense)))))) or (VP proposing (NP (NP (ADJP more market-oriented) alternatives) (PP to (NP regulations))))))))))) .)) (TOP (S (ADVP Probably) (NP-SBJ the (ADJP most egregious) example) (VP is (NP-PRD (NP a proviso) (PP-LOC in (NP (NP the appropriations bill) (PP for (NP the executive office)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP prevents (NP-2 (NP (NP the president 's) Office) (PP of (NP Management and Budget))) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP subjecting (NP agricultural marketing orders) (PP-CLR to (NP any cost-benefit scrutiny)))))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP something) (ADJP inherently suspect) (PP about (NP (NP Congress 's) (VP prohibiting (NP-1 the executive) (PP-CLR from (S-NOM (NP-SBJ *-1) (ADVP even) (VP studying (SBAR whether (S (NP-SBJ-57 public funds) (VP are (VP being (VP wasted (NP *-57) (PP-LOC in (NP some favored program or other))))))))))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ (NP none) (PP of (NP the unconstitutional conditions)) (VP contained (NP *) (PP-LOC in (NP (NP the appropriations bills) (PP-TMP for (NP fiscal 1990)))))) (ADVP (ADVP better) (PP *ICH*-1)) (VP illustrates (NP (NP Congress 's) attempt (S (NP-SBJ *) (VP to (VP usurp (NP executive power))))) (PP-1 than (NP (NP (NP Section 609) (PP of (NP the executive-office bill))) : `` (S (NP-SBJ-2 (NP None) (PP of (NP (NP the funds) (VP made (S (NP-SBJ *) (ADJP-PRD available)) (ADJP-ADV pursuant (PP to (NP (NP the provisions) (PP of (NP this Act))))))))) (VP shall (VP be (VP used (NP *-2) (S-CLR (NP-SBJ *) (VP to (VP implement , administer , or enforce (NP (NP any regulation) (SBAR (WHNP-3 which) (S (NP-SBJ-58 *T*-3) (VP has (VP been (VP disapproved (NP *-58) (ADJP-ADV pursuant (PP to (NP (NP a resolution) (PP of (NP disapproval)) (VP (ADVP duly) adopted (NP *) (PP in (NP (NP accordance) (PP with (NP (NP the applicable law) (PP of (NP the United States)))))))))))))))))))))))))) . '')) (TOP (S (NP-SBJ This provision) (VP amounts (PP-CLR to (NP (NP a legislative veto) (PP over (NP (NP (NP the president 's) execution) (PP of (NP the law)))))) , (SBAR-PRP since (S (NP-SBJ-1 a one-house resolution) (VP could (VP be (VP said (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD `` duly adopted '')))) (SBAR-ADV even though (S (NP-SBJ it) (VP would (VP require (NP neither (NP (NP bicameral action) (PP-LOC in (NP Congress))) nor (NP (NP presentation) (PP to (NP the president)) (PP-PRP for (NP his signature or veto)))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP The Supreme Court 's) decision) (PP-LOC in (NP (NP INS) v. (NP Chadha)))) (VP held (SBAR that (S (NP-SBJ legislative vetoes) (VP are (ADJP-PRD unconstitutional))))) .)) (TOP (S (NP-SBJ President Bush) (VP should (VP veto (NP (NP appropriations acts) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP contain (NP (NP these kinds) (PP of (NP (NP unconstitutional conditions) (PP on (NP (NP the president 's) ability (S (NP-SBJ *) (VP to (VP (VP discharge (NP his duties)) and (VP exercise (NP his prerogatives)))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 President Bush) (VP fails (S (NP-SBJ *-1) (VP to (VP do (ADVP so) (PP-TMP in (NP his first year)))))))) , (NP-SBJ he) (VP will (VP invite (NP-2 Congress) (PRN , (PP-TMP for (NP (NP the remainder) (PP of (NP his presidency)))) ,) (S (NP-SBJ-3 *-2) (VP to (VP rewrite (NP (NP Article II) (PP of (NP the Constitution))) (S-PRP (NP-SBJ *-3) (VP to (VP suit (NP its purposes))))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP becomes (NP-PRD custom) (PP-LOC in (NP the Bush administration))))) (VP will (ADVP only) (VP become (ADJP-PRD more difficult (SBAR (WHNP-2 0) for (S (NP-SBJ (NP future presidents) , (PP including (NP Democrats)) ,) (VP to (VP undo (NP *T*-2)))))))) .)) (TOP (S (NP-SBJ President Reagan) (VP learned (NP that lesson)) .)) (TOP (S (PP-TMP By (NP 1987)) , (NP-SBJ-1 then-Speaker Jim Wright) (VP was (VP (VP discussing (NP arms control) (PP-LOC in (NP Moscow)) (PP with (NP Mikhail Gorbachev))) and (VP (ADVP-TMP then) attempting (S (NP-SBJ *-1) (VP to (VP direct (NP-2 the president) , (PP-MNR through (NP an appropriations rider)) , (S (NP-SBJ *-2) (VP to (VP treat (NP the Soviets) (SBAR-MNR as though (S (NP-SBJ the Senate) (VP had (VP ratified (NP SALT II)))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ a veto) (VP is (ADJP-PRD unworkable) (SBAR-PRP because (S (NP-SBJ it) (VP would (VP leave (S (NP-SBJ (NP part) (PP of (NP the executive branch))) (ADJP-PRD unfunded))))))))) , (NP-SBJ-1 the president) (VP could (VP (VP sign (NP the appropriations bills) (PP-CLR into (NP law))) and (VP assert (NP (NP a power) (PP of (NP excision))) , (S-ADV (NP-SBJ *-1) (VP declaring (S (NP-SBJ (NP the rider) (VP restricting (NP his Article II powers))) (VP to (VP be (ADJP-PRD unconstitutional and severable))))))))) .)) (TOP (S (NP-SBJ The Constitution) (VP does not (ADVP expressly) (VP give (NP the president) (NP such power))) .)) (TOP (S (ADVP However) , (NP-SBJ the president) (VP does (VP have (NP a duty (S (NP-SBJ *) not (VP to (VP violate (NP the Constitution))))))) .)) (TOP (S (NP-SBJ The question) (VP is (SBAR-PRD whether (S (NP-SBJ (NP his only means) (PP of (NP defense))) (VP is (NP-PRD the veto))))) .)) (TOP (S (NP-SBJ (NP Excision) (PP of (NP (NP appropriations riders) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP trespass (PP-CLR on (NP (NP (NP the president 's) duties and prerogative) (PP-LOC under (NP Article II)))))))))) (VP would (VP be (ADJP-PRD different (PP from (NP the line-item veto))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ *) (VP discussed (PP-LOC in (NP (NP the context) (PP of (S-NOM (NP-SBJ *) (VP controlling (NP federal spending))))))))) , (NP-SBJ-59 the line-item veto) (VP is (VP characterized (NP *-59) (PP-CLR as (NP (NP a way) (SBAR (WHADVP-1 0) for (S (NP-SBJ the president) (VP to (VP excise (NP (NP (ADJP perfectly constitutional) provisions) (PP-LOC in (NP a spending bill)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP are (ADJP-PRD objectionable) (SBAR-PRP (ADVP merely) because (S (NP-SBJ they) (VP conflict (PP-CLR with (NP his policy objectives))))))))) (ADVP *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP The excision) (PP of (NP (NP unconstitutional conditions) (PP-LOC in (NP an appropriations bill))))) (VP would (VP be (NP-PRD (NP a power) (PP of (NP (ADJP (ADVP far more) limited) applicability))))) .)) (TOP (S (NP-SBJ One) (VP could (VP argue (SBAR that (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is not (NP-PRD (NP an assertion) (PP of (NP a item veto))) (ADVP at all) (SBAR-1 for (S (NP-SBJ-2 the president) , (PP-MNR by (S-NOM (NP-SBJ *-2) (VP exerting (NP (NP a power) (PP of (NP excision)))))) , (VP to (VP resist (NP (NP unconstitutional conditions) (PP-LOC in (NP legislation)) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP violate (NP (NP the separation) (PP of (NP powers)))))))))))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD no downside) (SBAR-ADV if (S (NP-SBJ the president) (VP asserts (NP (NP a right) (PP of (NP excision)) (PP over (NP (NP unconstitutional conditions) (PP-LOC in (NP the fiscal 1990 appropriations bills))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ Congress) (VP does (NP nothing)))) , (NP-SBJ President Bush) (VP will (VP have (VP won))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 Congress) (VP takes (NP the dispute) (PP-DIR to (NP the Supreme Court))))) (PRN -LRB- (S-ADV (NP-SBJ *-2) (VP assuming (SBAR 0 (S (NP-SBJ it) (VP can (VP establish (NP (NP standing) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP sue (ADVP *T*-1)))))))))))) -RRB-) , (NP-SBJ President Bush) (VP might (VP win)) .)) (TOP (S (PP In (NP that case)) , (NP-SBJ he) (VP might (VP receive (NP (NP an opinion) (SBAR *ICH*-2)) (PP-CLR from (NP the court)) (SBAR-2 (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP a vindication) (PP of (NP (NP the president 's) right (S (NP-SBJ *) (VP to (VP (VP perform (NP the duties)) and (VP exercise (NP (NP the prerogatives) (SBAR (WHNP-3 0) (S (NP-SBJ the framers) (VP thought (SBAR 0 (S (NP-SBJ-60 *T*-3) (VP should (VP be (VP entrusted (NP *-60) (PP-CLR to (NP the executive))))))))))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ President Bush) (VP loses (PP-LOC at (NP the court))))) , (NP-SBJ it) (VP might (VP be (ADJP-PRD disappointing) , (SBAR-ADV as (S (NP-SBJ (NP Morrison) v. (NP Olson)) (VP was (ADJP-PRD *?*) (PP for (NP the Reagan administration))))))) .)) (TOP (S But (NP-SBJ the presidency) (VP would (VP be (ADJP-PRD (ADJP no worse off) (SBAR than (S (NP-SBJ it) (VP is (ADJP-PRD *?*) (ADVP-TMP now))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ the electorate) (VP would (VP have (VP received (NP (NP a valuable civics lesson) (PP in (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ (NP the separation) (PP of (NP powers))) (VP works (PP-LOC in (NP practice)) (ADVP-MNR *T*-1))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ it) (VP stands (ADVP-TMP now)))) , (NP-SBJ Congress) (VP presumes (PP-TMP after (NP the Reagan administration)) (SBAR that (S (NP-SBJ-1 the White House) (VP will (VP take (NP (NP unconstitutional provisions) (PP-LOC in (NP appropriations bills))) (S-ADV (NP-SBJ *-1) (VP lying (PP down)))))))) .)) (TOP (S (NP-SBJ President Bush) (VP should (VP set (S (NP-SBJ things) (ADJP-PRD straight)))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ he) (VP does not))) , (NP-SBJ-1 he) (VP will (VP help (S (NP-SBJ *-1) (VP realize (NP (NP (NP Madison 's) fear) (PP-LOC in (NP The Federalist No. 48)) (PP of (NP (NP a legislature) `` (VP (ADVP-LOC everywhere) (VP extending (NP (NP the sphere) (PP of (NP its activity)))) and (VP drawing (NP all powers) (PP-DIR into (NP its impetuous vortex))))))))))) . '')) (TOP (S (NP-SBJ Mr. Sidak) (VP served (PP-CLR as (NP an attorney)) (PP-TMP in (NP the Reagan administration))) .)) (TOP (S (NP-SBJ-1 (NP His longer analysis) (PP of (NP (NP executive power) and (NP the appropriations clause)))) (VP is (S-PRD (NP-SBJ *-1) (VP to (VP appear (PP-LOC in (NP the Duke Law Journal)) (NP-TMP later this year))))) .)) (TOP (S (PP Despite (NP (NP one) (PP of (NP (NP the (ADJP most devastating) droughts) (PP-LOC on (NP record)))))) , (NP-SBJ (NP net cash income) (PP-LOC in (NP the Farm Belt))) (VP rose (PP-DIR to (NP (NP a new high) (PP of (NP (QP $ 59.9 billion) *U*)))) (NP-TMP last year)) .)) (TOP (S (NP-SBJ The previous record) (VP was (NP-PRD (QP $ 57.7 billion) *U*) (PP-TMP in (NP 1987)) , (PP according (PP to (NP the Agriculture Department)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Net cash income) (PRN -- (NP (NP the amount) (VP left (NP *) (PP-LOC in (NP (NP farmers ') pockets)) (PP-TMP after (S-NOM (NP-SBJ *) (VP deducting (NP expenses) (PP from (NP gross cash income))))))) --)) (VP increased (PP-LOC in (NP 33 states)) (PP-TMP in (NP 1988)) , (SBAR-ADV as (S (NP-SBJ the drought) (VP (VP cut (PP into (NP crop yields))) and (VP drove (PRT up) (NP commodity prices))))))) , (NP-SBJ (NP the department 's) Economic Research Service) (VP reported (SBAR 0 (S *T*-1)) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP those states))) (VP set (NP farm income records)) .)) (TOP (S (NP-SBJ The worst crop damage) (VP occurred (PP-LOC in (NP (NP the Midwestern Corn Belt) and (NP the northern Great Plains)))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-42 What) (S (NP-SBJ *T*-42) (VP saved (NP many farmers) (PP from (NP a bad year))))) (VP was (NP-PRD the opportunity (S (NP-SBJ *) (VP to (VP reclaim (NP (NP large quantities) (PP of (NP (NP (NP grain) and (NP other crops)) (SBAR (WHNP-1 that) (S (NP-SBJ they) (VP had (VP `` mortgaged '' (NP *T*-1) (PP to (NP the government)) (PP-LOC under (NP price-support loan programs)))))))))))))) .)) (TOP (S (S-2 (PP With (S-NOM (NP-SBJ prices) (VP soaring))) , (NP-SBJ-1 they) (VP were (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP sell (NP the reclaimed commodities) (PP at `` (NP considerable profit)))))))) , '' (NP-SBJ (NP the agency 's) 240-page report) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-LOC In (NP (ADJP less parched) areas)) , (ADVP meanwhile) , (NP-SBJ (NP farmers) (SBAR (WHNP-43 who) (S (NP-SBJ *T*-43) (VP had (NP (NP little or no loss) (PP of (NP production))))))) (VP profited (ADVP greatly) (PP from (NP the higher prices))) .)) (TOP (S (PP To (NP (NP the surprise) (PP of (NP some analysts)))) , (NP-SBJ net cash income) (VP rose (PP-LOC in (NP (NP some) (PP of (NP (NP the hardest-hit states) , (PP including (NP (NP Indiana) , (NP Illinois) , (NP Nebraska) and (NP the Dakotas)))))))) .)) (TOP (S (NP-SBJ Analysts) (VP attributed (NP the increases) (ADVP partly) (PP to (NP (NP the (ADJP (QP $ 4 billion) *U*) disaster-assistance package) (VP enacted (NP *) (PP by (NP-LGS Congress)))))) .)) (TOP (S (NP-SBJ (NP Last year 's) record net cash income) (VP confirms (NP (NP (NP the farm sector 's) rebound) (PP from (NP (NP the agricultural depression) (PP of (NP the early 1980s)))))) .)) (TOP (S (NP-SBJ-2 It) (ADVP also) (VP helps (S (NP-SBJ *-2) (VP explain (NP (NP the reluctance (S *ICH*-1)) (PP of (NP (NP the major farm lobbies) and (NP many lawmakers))) (S-1 (NP-SBJ *) (VP to (VP make (NP any significant changes) (PP-LOC in (NP the 1985 farm program)) (NP-TMP next year)))))))) .)) (TOP (S (NP-SBJ Commodity prices) (VP have (VP been (VP rising (PP-TMP in (NP recent years)) , (PP with (S-NOM (NP-SBJ the farm price index) (VP hitting (NP record peaks) (NP-TMP earlier this year)))) , (SBAR-ADV as (S (NP-SBJ-1 the government) (VP curtailed (NP production) (PP-MNR with (NP land-idling programs)) (S-PRP (NP-SBJ *-1) (VP to (VP reduce (NP price-depressing surpluses)))))))))) .)) (TOP (SINV (S-TPC-1 (PP-TMP At (NP the same time)) , (NP-SBJ (NP export demand) (PP for (NP U.S. wheat , corn and other commodities))) (VP strengthened)) , (VP said (S *T*-1)) (NP-SBJ (NP Keith Collins) , (NP a department analyst)) .)) (TOP (S (NP-SBJ Farmers) (ADVP also) (VP benefited (PP-CLR from (NP strong livestock prices)) , (SBAR-ADV as (S (NP-SBJ (NP the nation 's) cattle inventory) (VP dropped (ADVP-DIR close (PP to (NP a 30-year low))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP All) (PP of (NP these forces))) (VP came (ADVP together) (PP-TMP in (NP 1988)) (S-PRP (NP-SBJ *) (VP to (VP benefit (NP agriculture)))))) , '' (NP-SBJ Mr. Collins) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-1 California) (VP led (NP the nation) (PP with (NP (NP (QP $ 6.5 billion) *U*) (PP in (NP net cash income)))) (NP-TMP last year) , (PP followed (PP by (NP (NP (NP Texas) , (NP (QP $ 3.9 billion) *U*)) ; (NP (NP Iowa) , (NP (QP $ 3.4 billion) *U*)) ; (NP (NP Florida) , (NP (QP $ 3.1 billion) *U*)) ; and (NP (NP Minnesota) , (NP (QP $ 2.7 billion) *U*)))))) .)) (TOP (S (NP-SBJ Iowa and Minnesota) (VP were (PP-PRD among (NP (NP the few major farm states) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP log (NP (NP a decline) (PP-LOC in (NP net cash income)))))))))) .)) (TOP (S (PP Despite (NP federal disaster relief)) , (NP-SBJ (NP the drought) (PP-TMP of (NP 1988))) (VP was (NP-PRD (NP a severe financial setback) (PP for (NP (QP an estimated 10,000 to 15,000) farmers))) , (PP according (PP to (NP the department)))) .)) (TOP (S (NP-SBJ Many) (VP lost (NP their farms)) .)) (TOP (S (NP-SBJ Department economists) (VP do n't (VP expect (S (NP-SBJ 1989) (VP to (VP be (NP-PRD (NP (ADJP as good) a year) (SBAR as (S (NP-SBJ 1988) (VP was (NP-PRD *?*)))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ-1 net cash income) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP fall (NP-TMP this year) (SBAR-ADV as (S (S (NP-SBJ farm expenses) (VP rise)) and (S (NP-SBJ (NP government payments) (PP to (NP farmers))) (VP decline))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ (NP an increase) (PP of (NP (NP land) (PP under (NP cultivation)))) (PP-TMP after (NP the drought))) (VP has (VP boosted (NP (NP production) (PP of (NP (NP corn) , (NP soybeans) and (NP other commodities)))) , (S-ADV (NP-SBJ *) (VP causing (NP (NP a fall) (PP-LOC in (NP prices)) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP has (VP been (ADVP only partly) (VP cushioned (NP *-3) (PP by (NP-LGS (NP heavy grain buying) (PP by (NP the Soviets)))))))))))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ (NP government payments) (PP to (NP farmers))) (VP slipped (PP-DIR to (NP (QP less than $ 14.5 billion) *U*)) (PP-DIR from (NP (NP a record (QP $ 16.7 billion) *U*) (PP-TMP in (NP 1987))))) .)) (TOP (S (NP-SBJ-1 Payments) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP range (PP between (NP (NP (QP $ 9 billion) *U*) and (NP (QP $ 12 billion) *U*)))))) (NP-TMP this year))) .)) (TOP (S (PP-TMP After (NP (NP years) (PP of (NP struggling)))) , (NP-SBJ-1 the Los Angeles Herald Examiner) (VP will (VP publish (NP its last edition) (NP-TMP today) , (S-ADV (NP-SBJ *-1) (VP shut (PRT down) (PP by (NP-LGS (NP its parent) , (NP Hearst Corp.) ,)) (PP-TMP following (NP unsuccessful efforts (S (NP-SBJ *) (VP to (VP sell (NP the venerable newspaper)))))))))) .)) (TOP (S (NP-SBJ (NP The demise) (PP of (NP (NP the 238,000-circulation Herald) , (ADVP-TMP once) (NP (NP the nation 's) largest afternoon newspaper (PP with (S-NOM (NP-SBJ circulation) (VP exceeding (NP 700,000)))))))) , (VP turns (NP (NP the country 's) second-largest city) (PP-CLR into (NP a one-newspaper town)) , (PP (ADVP at least) in (NP some senses))) .)) (TOP (S (NP-SBJ The Los Angeles Times , (PP with (NP (NP a circulation) (PP of (NP (QP more than 1.1 million))))) ,) (VP dominates (NP the region)) .)) (TOP (S But (NP-SBJ it) (VP faces (NP (NP (NP stiff competition) (PP-LOC-1 in (NP Orange County)) (PP-DIR-2 from (NP (NP the Orange County Register) , (SBAR (WHNP-44 which) (S (NP-SBJ *T*-44) (VP sells (NP (NP (QP more than 300,000) copies) (NP-ADV a day)))))))) , and (NP (PP-LOC=1 in (NP the San Fernando Valley)) (PP-DIR=2 from (NP (NP the Los Angeles Daily News) , (SBAR (WHNP-45 which) (S (NP-SBJ *T*-45) (VP sells (NP (QP more than 170,000)))))))))) .)) (TOP (S (NP-SBJ (NP Nearby cities) (PP such as (NP (NP Pasadena) and (NP Long Beach)))) (ADVP also) (VP have (NP large dailies)) .)) (TOP (S (PP-TMP In (NP July)) , (NP-SBJ (NP (ADJP closely held) Hearst) , (VP based (NP *) (PP-LOC in (NP New York))) ,) (VP put (NP the paper) (PP-PUT on (NP the block))) .)) (TOP (S (NP-SBJ Speculation) (VP had (NP (NP it) (SBAR that (S (NP-SBJ the company) (VP was (VP asking (NP (QP $ 100 million) *U*) (PP-CLR for (NP (NP an operation) (VP said (S (NP-SBJ *) (VP to (VP be (VP losing (NP (NP (QP about $ 20 million) *U*) (NP-ADV a year))))))))))))))) , but (S (NP-SBJ others) (VP said (SBAR 0 (S (NP-SBJ Hearst) (VP might (VP have (ADVP virtually) (VP given (NP the paper) (PRT away)))))))) .)) (TOP (S (S (NP-SBJ (NP An attempted buy-out) (VP led (NP *) (PP by (NP-LGS (NP John J. McCabe) , (NP chief operating officer) ,)))) (ADVP-TMP never) (VP materialized)) , and (S (NP-SBJ (NP a stream) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ one staff member) (VP dismissed (NP *T*-1) (PP-CLR as `` (NP tire-kickers and lookee-loos) '')))))) (VP had (VP filed (ADVP-DIR through) (ADVP-TMP since)))) .)) (TOP (S (NP-SBJ The prospective buyers) (VP included (NP (NP investor Marvin Davis) and (NP the Toronto Sun))) .)) (TOP (S (NP-SBJ (NP The death) (PP of (NP (NP the Herald) , (NP (NP a newsstand paper) (PP-LOC in (NP a freeway town))) ,))) (VP was (ADVP perhaps) (ADJP-PRD inevitable)) .)) (TOP (S (S (NP-SBJ Los Angeles) (VP is (NP-PRD a sprawling , balkanized newspaper market))) , and (S (NP-SBJ-1 advertisers) (VP seemed (S (NP-SBJ *-1) (VP to (VP feel (SBAR 0 (S (NP-SBJ they) (VP could (VP (VP buy (NP (NP space) (PP-LOC in (NP the mammoth Times)))) , (ADVP then) (VP target (NP a particular area) (PP with (NP (NP one) (PP of (NP the regional dailies)))))))))))))) .)) (TOP (S (NP-SBJ-61 The Herald) (VP was (VP left (NP *-61) (PP-CLR in (NP limbo)))) .)) (TOP (S (ADVP Further) , (NP-SBJ-1 the Herald) (VP seemed (S (NP-SBJ-3 *-1) (VP torn (ADVP-MNR editorially) (PP-CLR between (S-NOM (NP-SBJ-2 *-3) (VP (VP keeping (NP (NP its old-time Hearst readership) -- (ADJP blue-collar and sports-oriented) --)) and (VP trying (S (NP-SBJ *-2) (VP to (VP provide (NP (NP a sprightly , upscale alternative) (PP to (NP the (ADJP sometimes staid) Times))))))))))))) .)) (TOP (S (NP-SBJ Hearst) (VP had (VP (VP flirted (PP with (NP (NP a conversion) (PP to (NP tabloid format)))) (PP-TMP for (NP years))) but (VP (ADVP-TMP never) executed (NP the plan)))) .)) (TOP (S (NP-SBJ The Herald) (VP joins (NP (NP (NP the Baltimore News-American) , (SBAR (WHNP-46 which) (S (NP-SBJ *T*-46) (VP folded))) ,) and (NP (NP the Boston Herald-American) , (SBAR (WHNP-1 which) (S (NP-SBJ-62 *T*-1) (VP was (VP sold (NP *-62))))) ,)) (PP-CLR as (NP (NP cornerstones) (PP of (NP the old Hearst newspaper empire)) (VP abandoned (NP *) (PP by (NP-LGS the company)) (PP-TMP in (NP the 1980s)))))) .)) (TOP (S (NP-SBJ Many) (VP felt (SBAR 0 (S (NP-SBJ Hearst) (VP kept (S (NP-SBJ the paper) (ADJP-PRD alive)) (ADVP-TMP as long (SBAR as (S (NP-SBJ it) (VP did)))) , (FRAG-ADV if (ADVP marginally)) , (PP-PRP because of (NP (NP its place) (PP-LOC in (NP family history)))))))) .)) (TOP (S (NP-SBJ-63 Its fanciful offices) (VP were (VP designed (NP *-63) (PP by (NP-LGS (NP architect Julia Morgan) , (SBAR (WHNP-47 who) (S (NP-SBJ *T*-47) (VP built (NP (NP the Hearst castle) (PP-LOC at (NP San Simeon)))))))))) .)) (TOP (S (NP-SBJ William Randolph Hearst) (VP had (VP kept (NP an apartment) (PP-LOC in (NP the (ADJP Spanish Renaissance-style) building)))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ (NP the Herald 's) demise) (VP does n't (ADVP necessarily) (VP represent (NP (NP the overall condition) (PP of (NP the newspaper industry)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The Herald) (VP was (NP-PRD (NP a survivor) (PP from (NP a bygone age))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP J. Kendrick Noble) , (NP (NP a media analyst) (PP with (NP PaineWebber Inc)))) .)) (TOP (S `` (ADVP Actually) , (S (NP-SBJ (NP the long deterioration) (PP-LOC in (NP daily newspapers))) (VP shows (NP (NP signs) (PP of (S-NOM (NP-SBJ *) (VP coming (PP-CLR to (NP an end)))))))) , and (S (NP-SBJ the industry) (VP looks (ADJP pretty healthy))) . '')) (TOP (S (S-ADV (NP-SBJ *-64) (VP Founded (PP-CLR as (NP the Examiner)) (PP-TMP in (NP 1903)) (PP by (NP-LGS Mr. Hearst)))) , (NP-SBJ-64 the Herald) (VP was (VP crippled (NP *-64) (PP by (NP-LGS (NP a bitter , decade-long strike)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP began (PP-TMP in (NP 1967))) and (VP cut (NP circulation) (PP-CLR in (NP half))))))))) .)) (TOP (S (S (ADVP-MNR Financially) , (NP-SBJ it) (ADVP-TMP never) (VP recovered)) ; (S (ADVP-MNR editorially) , (NP-SBJ it) (VP had (NP its moments))) .)) (TOP (S (PP-TMP In (NP 1979)) , (NP-SBJ Hearst) (VP hired (NP (NP editor James Bellows) , (SBAR (WHNP-48 who) (S (NP-SBJ *T*-48) (VP brightened (NP the editorial product) (ADVP considerably)))))) .)) (TOP (S (S (NP-SBJ (NP He) and (NP (NP his successor) , (NP Mary Anne Dolan) ,)) (VP restored (NP (NP respect) (PP for (NP the editorial product))))) , and (S (SBAR-ADV though (S (PP-TMP in (NP recent years)) (NP-SBJ the paper) (VP had (VP been (VP limping (ADVP-DIR along) (PP on (NP limited resources))))))) , (NP-SBJ its accomplishments) (VP were (ADJP-PRD notable))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ the Herald) (ADVP-MNR consistently) (VP beat (NP its much-larger rival) (PP on (NP (NP disclosures) (PP about (NP (NP Los Angeles Mayor Tom Bradley 's) financial dealings))))) .)) (TOP (S (NP-SBJ (NP The Herald 's) sports coverage and arts criticism) (VP were (ADVP also) (ADJP-PRD highly regarded)) .)) (TOP (S (NP-SBJ (NP Robert J. Danzig) , (NP (NP (NP vice president) (PP *RNR*-1)) and (NP (NP general manager) (PP *RNR*-1)) (PP-1 of (NP Hearst Newspapers))) ,) (VP (VP stood (PRT up) (PP-LOC in (NP (NP the paper 's) newsroom)) (NP-TMP yesterday)) and (VP announced (SBAR (SBAR that (S (NP-SBJ no buyers) (VP had (VP stepped (ADVP-DIR forward))))) and (SBAR that (S (NP-SBJ-2 the paper) (VP would (VP fold , (S-ADV (NP-SBJ *-2) (VP putting (NP (QP more than 730) full-time employees) (PP-PUT out (PP of (NP work)))))))))))) .)) (TOP (S (NP-SBJ Hearst) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP (VP provide (NP employees) (PP-CLR with (NP a placement service))) and (VP pay (NP them) (PP-TMP for (NP 60 days)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Some long-tenured employees) (VP will (VP receive (NP additional benefits)))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP (NP-EXT Hours) after (NP the announcement)) , (NP-SBJ-1 (NP representatives) (PP of (NP the Orange County Register))) (VP were (PP-LOC-PRD in (NP (NP a bar) (PP-LOC across (NP the street)))) (S-ADV (NP-SBJ *-1) (VP recruiting))) .)) (TOP (S (NP-SBJ (NP The reaction) (PP-LOC in (NP the newsroom))) (VP was (ADJP-PRD emotional)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP 've (ADVP-TMP never) (VP seen (S (NP-SBJ so many people) (VP crying (PP-LOC in (NP one place)) (PP-TMP at (NP one time))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Bill Johnson) , (NP an assistant city editor)) .)) (TOP (S `` (FRAG-TTL-SBJ-1 (INTJ So Long) , (NP-VOC L.A.)) '' (VP was (VP chosen (NP *-1) (PP-CLR as (NP (NP the paper 's) final headline)))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ I) (VP 'm (VP doing (NP the main story)))) , and (S (NP-SBJ I) (VP 'm (ADVP-TMP already) (ADJP-PRD (NP-ADV two beers) drunk)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP reporter Andy Furillo) , (SBAR (SBAR (WHNP-50 whom) (S (NP-SBJ the Times) (VP hired (NP *T*-50) (ADVP-DIR away) (ADVP-TMP (NP several years) ago)))) but (SBAR (WHNP-49 who) (S (NP-SBJ *T*-49) (VP returned (PP-DIR to (NP the Herald)) (PP-PRP out (PP of (NP preference)))))))) .)) (TOP (S (NP-SBJ His wife) (ADVP also) (VP works (PP-CLR for (NP the paper)) , (SBAR-ADV as (SINV (VP did) (NP-SBJ his father)))) .)) (TOP (S (ADVP-LOC Outside) , (NP-SBJ-1 (NP a young pressman) (VP filling (NP a news box) (PP with (NP (NP an extra edition) (VP headlined (NP *) `` (S-HLN (NP-SBJ Herald Examiner) (VP Closes)) ''))))) (VP refused (S (NP-SBJ *-1) (VP to (VP take (NP (NP a reader 's) quarter))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ *) (VP Forget (NP it))) , '' (NP-SBJ he) (VP said (S *T*-1) (SBAR-ADV as (S (NP-SBJ he) (VP handed (NP her) (NP a paper))))) .)) (TOP (S `` (NP-SBJ It) (VP does n't (VP make (NP any difference) (ADVP-TMP now))) .)) (TOP (S (NP-SBJ Olympia Broadcasting Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP did n't (VP make (NP (NP a (ADJP (QP $ 1.64 million) *U*) semiannual interest payment) (ADJP due) (NP-TMP yesterday)) (PP-CLR on (NP (NP (QP $ 23.4 million) *U*) (PP of (NP senior subordinated debentures))))))))) .)) (TOP (S (NP-SBJ The radio-station owner and programmer) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP trying (S (NP-SBJ *-1) (VP to (VP obtain (NP additional working capital) (PP-DIR from (NP (NP its senior secured lenders) and (NP other financial institutions))))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP needs (S (NP-SBJ *-1) (VP to (VP make (NP the payment) (PP-TMP by (NP Dec. 1))))) (S-PRP (NP-SBJ *-1) (VP to (VP avoid (NP (NP a default) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP could (VP lead (PP-DIR to (NP (NP an acceleration) (PP of (NP the debt)))))))))))))))) .)) (TOP (S (PP-TMP In (NP September)) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP seeking (NP (NP offers) (PP for (NP its five radio stations))) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP concentrate (PP-CLR on (NP its programming business))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP 'd (ADVP really) (ADVP rather) (VP have (NP a Buick))))) , (NP-SBJ *) (VP do n't (VP leave (NP home) (PP without (NP the American Express card)))) .)) (TOP (S Or (ADVP so) (NP-SBJ the slogan) (VP might (VP go)) .)) (TOP (S (NP-SBJ (NP American Express Co.) and (NP (NP General Motors Corp. 's) beleaguered Buick division)) (VP are (VP joining (NP forces) (PP-LOC in (NP (NP a promotion) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP boosting (NP (NP Buick 's) sales) (SBAR-ADV while (S (NP-SBJ *) (VP encouraging (NP (NP broader use) (PP of (NP the American Express card)))))))))))))) .)) (TOP (S (NP-SBJ The companies) (VP are (VP giving (NP (NP four-day vacations) (PP for (NP two))) (PP-DTV to (NP (NP Buick buyers) (SBAR (WHNP-51 who) (S (NP-SBJ *T*-51) (VP charge (NP (NP all or part) (PP of (NP their down payments))) (PP-CLR on (NP the American Express green card))))))))) .)) (TOP (S (NP-SBJ-1 They) (VP have (VP begun (S (NP-SBJ *-1) (VP sending (NP (NP letters) (VP explaining (NP (NP the program) , (SBAR (WHNP-52 which) (S (NP-SBJ *T*-52) (VP (VP began (NP-TMP-CLR Oct. 18)) and (VP will (VP end (NP-TMP-CLR Dec. 18))))))))) , (PP-DTV to (NP (QP about five million) card holders)))))) .)) (TOP (S (NP-SBJ Neither company) (VP would (VP disclose (NP (NP the program 's) cost))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Buick) (VP approached (NP American Express) (PP about (NP a joint promotion)) (SBAR-PRP because (S (NP-SBJ its card holders) (ADVP generally) (VP (VP have (NP a `` good credit history '')) and (VP are `` (ADJP-PRD good (PP at (S-NOM (NP-SBJ *) (VP making (NP payments))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP a spokeswoman) (PP for (NP the division))) .)) (TOP (S (S-TPC-3 (NP-SBJ American Express) (ADVP also) (VP represents (NP (NP the upscale image) (SBAR (WHNP-1 0) `` (S (NP-SBJ-2 we) (VP 're (VP trying (S (NP-SBJ *-2) (VP to (VP project (NP *T*-1))))))))))) , '' (NP-SBJ she) (VP adds (S *T*-3)) .)) (TOP (S (NP-SBJ-1 Buick) (VP has (VP been (VP seeking (PP-TMP for (NP the past few years)) (S (NP-SBJ *-1) (VP to (VP restore (NP (NP its reputation) (PP as (NP (NP `` (NP the doctor 's) car '') -- (NP (NP a product) (PP for (NP upscale professionals)))))))))))) .)) (TOP (S (NP-SBJ Sales) (VP were (ADJP-PRD roughly flat) (PP-TMP in (NP the 1989 model year)) (PP compared (PP with (ADVP (NP a year) earlier))) , (SBAR-ADV though (S (NP-SBJ industry sales) (VP fell)))) .)) (TOP (S But (SBAR-TMP since (S (NP-SBJ the 1990 model year) (VP began (NP-TMP-CLR Oct. 1)))) , (NP-SBJ Buick sales) (VP have (VP plunged (NP-EXT 33 %))) .)) (TOP (S (PP For (NP American Express)) , (NP-SBJ the promotion) (VP is (NP-PRD (NP part) (PP of (NP an effort (S (NP-SBJ *) (VP to (VP broaden (NP (NP the use) (PP of (NP its card)) (PP for (NP (NP retail sales) , (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ-2 the company) (VP expects (S (NP-SBJ *-2) (VP to (VP get (NP (NP much) (PP of (NP (NP the future growth) (PP-LOC in (NP its card business))))) (ADVP-LOC *T*-1))))))))))))))))) .)) (TOP (S (ADVP Traditionally) , (NP-SBJ-66 the card) (VP has (VP been (VP used (NP *-66) (PP-CLR (ADVP mainly) for (NP travel and entertainment expenses))))) .)) (TOP (S (NP-SBJ (NP Phillip Riese) , (NP an American Express executive vice president) ,) (VP says (SBAR 0 (S (NP-SBJ (NP the promotion) (PP with (NP Buick))) (VP (VP is (NP-PRD (NP (NP his company 's) first) (PP with (NP an auto maker)))) , but `` (VP (ADVP hopefully) -LCB- will (VP be -RCB- (NP-PRD (NP the first) (PP of (NP (NP many) '' (PP in (NP (NP the company 's) effort (S (NP-SBJ *) (VP to (VP promote (NP its green card) (PP-CLR as `` (NP the total car-care card)))))))))))))))) . '')) (TOP (S (PP To (NP that end)) , (NP-SBJ American Express) (VP has (VP been (VP signing (PRT up) (NP-1 (NP gasoline companies) , (NP car repair shops) , (NP tire companies) and (NP car dealers)) (S-CLR (NP-SBJ *-1) (VP to (VP accept (NP the card))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ Many auto dealers) (ADVP-TMP now) (VP let (S (NP-SBJ car buyers) (VP charge (NP (NP part or all) (PP of (NP their purchase))) (PP-CLR on (NP the American Express card)))))) , but (S (NP-SBJ few card holders) (VP realize (NP this)))) , (NP-SBJ Mr. Riese) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (SINV (S-TPC-2 (PP-TMP Until (NP now)) , (ADVP however) , (NP-SBJ (NP buyers) (SBAR (WHNP-53 who) (S (NP-SBJ-1 *T*-53) (VP wanted (S (NP-SBJ *-1) (VP to (VP finance (NP (NP part) (PP of (NP a car purchase))) (PP through (NP General Motors Acceptance Corp.))))))))) (VP could n't (VP put (NP their down payment) (PP-PUT on (NP a charge card)) (PP-PRP because of (NP (NP possible conflicts) (PP with (NP (NP truth-in-lending and state disclosure laws) (PP over (NP finance rates))))))))) , (VP says (S *T*-2)) (NP-SBJ (NP a spokesman) (PP for (NP the GM finance arm))) .)) (TOP (S-1 But (NP-SBJ GMAC) (VP approved (NP the Buick program) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (SBAR-PRP because (S (NP-SBJ the American Express green card) (VP (VP requires (NP (NP payment) (PP in (NP full))) (PP-TMP upon (NP billing))) , and (ADVP so) (VP does n't (VP carry (NP any finance rates))))))) .)) (TOP (S (NP-SBJ Mr. Riese) (VP says (SBAR 0 (S (NP-SBJ American Express) (VP considers (S (NP-SBJ GM and Buick) `` (NP-PRD (ADJP very sophisticated) direct-mail marketers)) , '' (SBAR-ADV so (S `` (PP-MNR by (S-NOM (NP-SBJ *-1) (VP joining (NP forces) (PP-CLR with (NP them))))) (NP-SBJ-1 we) (VP have (VP managed (S (NP-SBJ *-1) (VP to (VP maximize (NP our direct-mail capability)))))))))))) . '')) (TOP (SINV (S-TPC-1 (PP In (NP addition)) , (NP-SBJ Buick) (VP is (NP-PRD a (ADJP relatively respected) nameplate) (PP-LOC among (NP American Express card holders)))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ an American Express spokeswoman) .)) (TOP (S (S-TPC-4 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the company) (VP asked (NP members) (PP-LOC in (NP a mailing)) (SBAR (WHNP-2 which cars) (S (NP-SBJ-3 they) (VP would (VP like (S (NP-SBJ *-3) (VP to (VP get (NP (NP information) (PP about (NP *T*-2))) (PP-PRP for (NP possible future purchases))))))))) (ADVP-TMP *T*-1)))) , (NP-SBJ Buick) (VP came (PRT in) (UCP (ADVP fourth (PP among (NP U.S. cars))) and (PP in (NP (NP the top 10) (PP of (NP all cars))))))) , (NP-SBJ the spokeswoman) (VP says (SBAR 0 (S *T*-4))) .)) (TOP (S (S (NP-SBJ American Express) (VP has (NP (NP (QP more than 24 million) card holders) (PP-LOC in (NP the U.S.))))) , and (S (NP-SBJ over half) (VP have (NP the green card))) .)) (TOP (S (S-TPC-1 (NP-SBJ GMAC) (VP screened (NP the card-member list) (PP-CLR for (NP (NP holders) (ADJP (NP (QP more than 30) years) old) (PP with (NP (NP household incomes) (PP over (NP $ 45,000 *U*)))) (SBAR (WHNP-54 who) (S (NP-SBJ *T*-54) (VP had n't `` (VP missed (NP any payments))))))))) , '' (NP-SBJ the Buick spokeswoman) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-67 (NP Some 3.8 million) (PP of (NP (NP the five million) (SBAR (WHNP-55 who) (S (NP-SBJ *T*-55) (VP will (VP get (NP letters)))))))) (VP were (VP preapproved (NP *-67) (PP-CLR for (NP (NP credit) (PP with (NP GMAC)))))) .)) (TOP (S (NP-SBJ-1 These (QP 3.8 million) people) (ADVP also) (VP are (ADJP-PRD eligible (S (NP-SBJ *-1) (VP to (VP get (NP (NP one percentage point) (PP off (NP (NP (NP GMAC 's) advertised finance rates) , (SBAR (WHNP-56 which) (S (NP-SBJ *T*-56) (VP start (PP-CLR at (NP 6.9 %)) (PP for (NP two-year loan contracts))))))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP (NP Visa International 's) U.S. subsidiary))) (VP says (SBAR 0 (S (NP-SBJ-1 his company) (VP (VP is (VP using (NP promotions) (S-CLR (NP-SBJ *-1) (VP to (VP increase (NP (NP use) (PP of (NP its cards)))))))) , but (VP does n't (VP have (NP (NP plans) (PP for (NP (NP a tie-in) (ADJP similar (PP to (NP the American Express-Buick link)))))))))))) .)) (TOP (S (NP-SBJ (NP Three divisions) (PP-LOC at (NP American Express)) (NP *ICH*-1)) (VP are (VP working (PP with (NP Buick)) (PP-CLR on (NP the promotion)))) : (NP-1 (NP (NP the establishment services division) , (SBAR (WHNP-57 which) (S (NP-SBJ *T*-57) (VP is (ADJP-PRD responsible (PP for (NP (NP all merchants and companies) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP accept (NP the card))))))))))) ; (NP the travel division) ; and (NP the merchandise sales division)) .)) (TOP (S (NP-SBJ The vacation packages) (VP include (NP (NP (NP hotel accommodations) and (PRN , (PP in (NP some cases)) ,) (NP (NP tours or tickets) (PP-DIR to (NP local attractions)))) , but not (NP meals))) .)) (TOP (S (NP-SBJ Destinations) (VP are (NP-PRD (NP Chicago) ; (NP Honolulu) ; (NP (NP Las Vegas) , (NP Nev.)) ; (NP Los Angeles) ; (NP (NP Miami Beach) , (NP Fla.)) ; (NP New Orleans) ; (NP New York) ; (NP (NP Orlando) , (NP Fla.)) ; (NP San Francisco) ; and (NP (NP Washington) , (NP D.C.)))))) (TOP (S (NP-SBJ (NP A buyer) (SBAR (WHNP-58 who) (S (NP-SBJ-1 *T*-58) (VP chooses (S (NP-SBJ *-1) (VP to (VP fly (PP-DIR to (NP his destination))))))))) (VP (VP must (VP pay (PP-CLR for (NP his own ticket)))) but (VP gets (NP (NP a companion 's) ticket free) (SBAR-ADV if (S (NP-SBJ they) (VP fly (PP-MNR on (NP United Airlines))))))) .)) (TOP (S (PP In (NP (NP lieu) (PP of (NP the vacation)))) , (NP-SBJ buyers) (VP can (VP choose (PP-CLR among (NP (NP several prizes) , (PP including (NP (NP a grandfather clock) or (NP a stereo videocassette recorder))))))) .)) (TOP (S (NP-SBJ (NP Card holders) (SBAR (WHNP-59 who) (S (NP-SBJ *T*-59) (VP receive (NP the letter))))) (ADVP also) (VP are (ADJP-PRD eligible (PP for (NP (NP a sweepstakes) (PP with (NP (NP (NP Buick cars) or (NP a Hawaii vacation)) (PP as (NP prizes)))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ they) (VP test-drive (NP a Buick)))) , (NP-SBJ they) (VP get (NP an American Express calculator)) .)) (TOP (S (NP-SBJ This) (VP is n't (NP-PRD (NP Buick 's) first travel-related promotion)) .)) (TOP (S (ADVP-TMP (NP A few years) ago) , (NP-SBJ the company) (VP offered (NP (NP two round-trip tickets) (PP-LOC on (NP Trans World Airlines))) (PP-DTV to (NP (NP buyers) (PP of (NP its Riviera luxury car))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The promotion) (VP helped (S (NP-SBJ Riviera sales) (VP exceed (NP (NP the division 's) forecast) (PP-EXT by (NP (QP more than 10) %)))))) , (NP-SBJ Buick) (VP said (SBAR 0 (S *T*-1)) (PP-TMP at (NP the time))) .)) (TOP (S (NP-SBJ The United Kingdom High Court) (VP declared (S (ADJP-PRD illegal) (NP-SBJ (NP a variety) (PP of (NP (NP interest-rate swap transactions and options deals) (PP between (NP (NP a London borough council) and (NP commercial banks)))))))) .)) (TOP (S (NP-SBJ The ruling) (VP could (VP lead (PP-CLR to (NP (NP the cancellation) (PP of (NP (NP huge bank debts) (SBAR (WHNP-1 0) (S (NP-SBJ-2 (NP the London Borough) (PP of (NP Hammersmith and Fulham))) (VP ran (PRT up) (NP *T*-1) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP losing (ADVP-MNR heavily) (PP on (NP swap transactions)))))))))))))) .)) (TOP (S (NP-SBJ-1 (QP As many as 70) U.K. and international banks) (VP stand (S (NP-SBJ *-1) (VP to (VP lose (NP (QP several hundred million) pounds) (SBAR-ADV (SINV should (NP-SBJ-2 the decision) (VP (VP be (VP upheld (NP *-2))) and (VP set (NP (NP a precedent) (PP for (NP other municipalities))))))))))) .)) (TOP (S (NP-SBJ-68 An appeal) (VP is (VP expected (NP *-68))) .)) (TOP (S (PP In (NP (NP response) (PP to (NP the ruling)))) , (NP-SBJ-1 gilt futures) (ADVP-MNR swiftly) (VP plunged (NP-ADV (NP more) (PP than (NP a point))) (NP-TMP yesterday) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP recovering (NP (NP much) (PP of (NP the loss))) (PP-TMP by (NP (NP the end) (PP of (NP the session)))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Gilts) , or (NP British government bonds)) , (SBAR (WHNP-60 which) (S (NP-SBJ *T*-60) (ADVP also) (VP fell (ADVP-MNR sharply) (ADVP initially)))) ,) (VP retraced (NP (NP some) (PP of (NP the losses))) (S-ADV (NP-SBJ *-1) (VP to (VP end (ADVP (NP (QP about 3) point) lower))))) .)) (TOP (S (NP-SBJ (NP The council) , (SBAR (WHNP-61 which) (S (NP-SBJ-1 *T*-61) (VP is (VP alleged (S (NP-SBJ *-1) (VP to (VP have (VP engaged (PP-CLR in (NP (NP over 600 deals) (VP valued (NP *) (PP-CLR at (NP (NP (QP over # 6 billion) *U*) -LRB- (NP (QP $ 9.5 billion) *U*) -RRB-))))))))))))) ,) (VP lost (NP (NP millions) (PP of (NP pounds))) (PP from (NP soured swap deals))) .)) (TOP (S (PP-TMP At (NP one point)) , (NP-SBJ-1 Hammersmith) (VP is (VP reported (S (NP-SBJ *-1) (VP to (VP have (VP accounted (PP-CLR for (NP (NP (QP as much as 10) %) (PP of (NP the sterling market)))) (PP in (NP interest-rate swap dealings)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ two parties) (VP engage (PP-CLR in (NP an interest-rate swap)) (ADVP-TMP *T*-1)))) , (NP-SBJ they) (VP are (VP betting (PP-CLR against (NP each other)) (PP-CLR on (NP future rates)))) .)) (TOP (S (ADVP Thus) , (NP-SBJ (NP an institution) (VP obligated (S (NP-SBJ *) (VP to (VP make (NP (NP fixed-rate interest payments) (PP on (NP debt)))))))) (VP swaps (NP the payments) (PP-CLR with (NP (NP another) (VP making (NP floating-rate payments))))) .)) (TOP (S (PP In (NP (NP most) (PP of (NP the British transactions)))) , (NP-SBJ-1 the municipalities) (VP agreed (S (NP-SBJ *-1) (VP to (VP make (NP floating-rate payments) (PP-CLR to (NP (NP banks) , (SBAR (WHNP-62 which) (S (NP-SBJ *T*-62) (VP would (VP make (NP fixed-rate payments))))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ interest rates) (VP rose))) , (NP-SBJ municipalities) (VP owed (NP the banks) (NP (NP more) (SBAR than (S (NP-SBJ the banks) (VP were (VP paying (NP them))))))) .)) (TOP (S (NP-SBJ The court hearing) (VP began (PP-TMP-CLR in (NP early October)) (PP at (NP (NP the request) (PP of (NP (NP Anthony Hazell) , (NP (NP district auditor) (PP for (NP Hammersmith))) , (SBAR (WHNP-63 who) (S (NP-SBJ *T*-63) (VP argued (SBAR that (S (NP-SBJ local councils) (VP are n't (VP vested (PP-CLR with (NP constitutional authority (S (NP-SBJ *) (VP to (VP engage (PP-CLR in (NP such capital-markets activities))))))))))))))))))) .)) (TOP (S (NP-SBJ The council) (VP backed (NP (NP the audit commission 's) stand (SBAR that (S (NP-SBJ the swap transactions) (VP are (ADJP-PRD illegal)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the Hammersmith and Fulham council) (VP was (PP-PRD by (ADVP far)) (NP (NP the (ADJP most active) local authority) (VP engaging (PP-CLR in (NP such capital-markets transactions))))))) , (NP-SBJ the court decision) (VP could (VP set (NP (NP a precedent) (PP for (NP (NP similar transactions) (PP by (NP 77 other local councils))))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV While (S (NP-SBJ this court ruling) (VP was (ADVP-PRD only) (PP on (NP Hammersmith))))) , (NP-SBJ it) (VP will (ADVP obviously) (VP be (ADJP-PRD very persuasive) (PP in (NP (NP other cases) (PP of (NP a similar nature))))))) , '' (NP-SBJ (NP a solicitor) (VP representing (NP (NP one) (PP of (NP the banks))))) (VP said (S *T*-1)) .)) (TOP (S (ADVP Already) , (NP-SBJ-1 10 local councils) (VP have (VP refused (S (NP-SBJ *-1) (VP to (VP honor (NP (NP fees and payments) (PP to (NP banks)) (VP incurred (NP *) (PP-TMP during (NP various swaps dealings))))))))) .)) (TOP (S (NP-SBJ (NP Other financial institutions) (VP involved (NP *))) (VP include (NP (NP Barclays Bank PLC) , (NP Midland Bank PLC) , (NP Security Pacific Corp.) , (NP (NP Chemical Banking Corp. 's) Chemical Bank) , (NP (NP Citicorp 's) Citibank) and (NP Mitsubishi Finance International))) .)) (TOP (S (S-TPC-2 (SBAR-ADV If (S (NP-SBJ the banks) (VP exhaust (NP (NP all avenues) (PP of (NP appeal)))))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD possible) (SBAR-1 that (S (NP-SBJ-3 they) (VP would (VP seek (S (NP-SBJ *-3) (VP to (VP have (S (NP-SBJ the illegality ruling) (VP work (NP both ways)))))))))))) , (NP-SBJ some market sources) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 Banks) (VP could (VP seek (S (NP-SBJ *-1) (VP to (VP recover (NP (NP payments) (PP to (NP local authorities))) (PP-LOC in (NP (NP instances) (SBAR (WHADVP-2 where) (S (NP-SBJ the banks) (VP made (NP net payments) (PP-CLR to (NP councils)) (ADVP-LOC *T*-2))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Officials) (PP from (NP (NP the various banks) (VP involved (NP *))))) (VP are (VP expected (S (NP-SBJ-2 *-1) (VP to (VP meet (PP-TMP during (NP the next few days)) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP consider (NP (NP other arrangements) (PP with (NP local authorities)) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP could (VP be (ADJP-PRD questionable)))))))))))))) .)) (TOP (S (NP-SBJ-1 The banks) (VP (VP have (NP (NP 28 days) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP file (NP (NP an appeal) (PP against (NP the ruling))) (ADVP-TMP *T*-2))))))) and (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP do (ADVP so) (ADVP-TMP shortly))))))) .)) (TOP (S (PP-TMP In (NP (NP the aftermath) (PP of (NP (NP (NP the stock market 's) gut-wrenching 190-point drop) (PP-TMP on (NP Oct. 13)))))) , (NP-SBJ (NP Kidder , Peabody & Co. 's) (NP 1,400 stockbrokers) (PP-LOC across (NP the country))) (VP began (NP (NP a telephone and letter-writing campaign) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP quashing (NP (NP the country 's) second-largest program trader))))))) .)) (TOP (NP (NP The target) (PP of (NP their wrath)) ?)) (TOP (NP (NP Their own employer) , (NP Kidder Peabody) .)) (TOP (S (PP-TMP Since (NP (NP October 's) minicrash)) , (NP-SBJ-69 Wall Street) (VP has (VP been (VP shaken (NP *-69) (PP by (NP-LGS (NP an explosion) (PP of (NP (NP resentment) (PP against (NP (NP program trading) , (NP (NP the computer-driven , lightning-fast trades) (PP of (NP (NP huge baskets) (PP of (NP stocks and futures)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP can (VP send (S (NP-SBJ stock prices) (VP reeling (PP-TMP in (NP minutes)))))))))))))))))) .)) (TOP (S But (NP-SBJ (NP the heated fight) (PP over (NP program trading))) (VP is (PP-PRD about (NP (NP much more) (PP than (NP a volatile stock market))))) .)) (TOP (S (NP-SBJ The real battle) (VP is (PP-PRD over (SBAR-NOM (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP (VP control (NP that market)) and (VP reap (NP its huge rewards)))))))) .)) (TOP (S (NP-SBJ-1 (NP Program trading) (NP itself)) , (PP according (PP to (NP (NP many academics) (SBAR (WHNP-64 who) (S (NP-SBJ *T*-64) (VP have (VP studied (NP it)))))))) , (VP is (ADVP merely) (VP caught (NP *-1) (PP-LOC in (NP (NP the middle) (PP of (NP this battle)))) , (S-ADV (NP-SBJ-2 *-1) (ADVP unfairly) (VP labeled (NP *-2) (PP-CLR as (NP (NP the evil driving force) (PP of (NP the marketplace)))))))) .)) (TOP (S (NP-SBJ The evidence) (VP indicates (SBAR that (S (NP-SBJ program trading) (VP did n't (PRN , (PP in (NP fact)) ,) (VP cause (NP (NP (NP the market 's) sharp fall) (PP-TMP on (NP Oct. 13))) , (SBAR-ADV though (S (NP-SBJ it) (VP may (VP have (VP exacerbated (NP it))))))))))) .)) (TOP (SINV (PP-LOC-CLR-TPC-1 On (NP (NP one side) (PP of (NP this power struggle)))) (VP stand (PP-LOC-CLR *T*-1)) (NP-SBJ (NP the forces) (PP in (NP ascendency)) (PP-LOC on (NP Wall Street)) (PRN -- (NP the New Guard) --) (VP consisting (PP of (NP (NP (NP high-tech computer wizards) (PP-LOC at (NP the major brokerage firms))) , (NP (NP their pension fund clients) (PP with (NP (NP immense pools) (PP of (NP money))))) , and (NP (NP the traders) (PP-LOC at (NP the fast-growing Chicago futures exchanges))))))) .)) (TOP (S (NP-SBJ These) (VP are (NP-PRD (NP the main proponents) (PP of (NP program trading)))) .)) (TOP (SINV (VP-TPC-1 Defending (NP their ramparts)) (VP are (VP *T*-1)) (NP-SBJ (NP (NP Wall Street 's) Old Guard) -- (NP (NP the traditional , stock-picking money managers) , (NP (NP tens) (PP of (NP (NP thousands) (PP of (NP stock brokers))))) , (NP (NP the New York Stock Exchange 's) listed companies) and (NP (NP the clannish floor traders) , (VP known (NP *) (PP-CLR as (NP specialists))) , (SBAR (WHNP-65 who) (S (NP-SBJ *T*-65) (VP make (NP markets) (PP in (NP their stocks)))))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ-1 (NP Wall Street 's) Old Guard) (VP seems (S (NP-SBJ-2 *-1) (VP to (VP be (VP winning (NP the program-trading battle) , (S-ADV (NP-SBJ-3 *-2) (ADVP successfully) (VP mobilizing (NP (ADJP public and congressional) opinion) (S-CLR (NP-SBJ *-3) (VP to (VP bludgeon (NP their tormentors))))))))))) .)) (TOP (S (S (NP-SBJ (NP The Chicago Mercantile Exchange) , (NP a major futures marketplace) ,) (NP-TMP yesterday) (VP announced (NP (NP the addition) (PP of (NP (NP another layer) (PP of (NP trading halts)) (VP designed (S (NP-SBJ *) (VP to (VP slow (NP program traders) (PP-TMP during (NP a (ADJP rapidly falling) stock market))))))))))) , and (S (NP-SBJ-70 the Big Board) (VP is (VP expected (NP-TMP today) (S (NP-SBJ *-70) (VP to (VP approve (NP (NP some additional restrictions) (PP on (NP program trading))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Stung (PP by (NP-LGS charges (SBAR that (S (NP-SBJ their greed) (VP is (VP turning (NP the stock market) (PP-CLR into (NP a gigantic crapshoot)))))))))) , (NP-SBJ-1 almost all the big investment banking houses) (VP have (VP abandoned (NP (NP index arbitrage) , (NP (NP a common form) (PP of (NP program trading))) ,) (PP for (NP their own accounts)) (PP-TMP in (NP the past few days)))) .)) (TOP (S (NP-SBJ-1 (NP A few) , (PP such as (NP giant Merrill Lynch & Co.)) ,) (ADVP-TMP now) (VP refuse (S (NP-SBJ *-1) (ADVP even) (VP to (VP do (NP index arbitrage trades) (PP for (NP clients)))))) .)) (TOP (S (NP-SBJ (NP (NP The Old Guard 's) assault) (PP on (NP (NP program trading) and (NP its practitioners)))) (VP has (VP been (ADJP-PRD fierce and broad-based) , (SBAR-PRP (ADVP in part) because (S (NP-SBJ some Old Guard members) (VP feel (SBAR 0 (S (NP-SBJ their very livelihood) (VP is (PP-PRD at (NP stake)))))))))) .)) (TOP (S (NP-SBJ (NP Some) , (PP such as (NP traditional money manager Neuberger & Berman)) ,) (VP have (VP taken (PRT out) (NP (NP national newspaper advertisements) (VP demanding (SBAR that (S (NP-SBJ market regulators) `` (VP stop (NP (NP the numbers racket) (PP-LOC on (NP Wall Street)))))))))) . '')) (TOP (S (NP-SBJ-1 Big Board stock specialists) , (PP-LOC in (NP a bold palace revolt)) , (VP began (PP-TMP (ADVP shortly) after (NP Oct. 13)) (S (NP-SBJ-3 *-1) (VP to (VP telephone (NP (NP the corporate executives) (PP of (NP (NP the companies) (SBAR (WHNP-2 whose stock) (S (NP-SBJ-71 *T*-2) (VP is (VP listed (NP *-71) (PP-LOC on (NP the Big Board))))))))) (S-PRP-CLR (NP-SBJ *-3) (VP to (VP have (S (NP-SBJ them) (VP pressure (S (NP-SBJ the exchange) (VP to (VP ban (NP program trading))))))))))))) .)) (TOP (S (NP-SBJ (NP Charles Wohlstetter) , (NP (NP the chairman) (PP of (NP Contel Corp.)) (SBAR (WHNP-66 who) (S (NP-SBJ *T*-66) (VP is (VP rallying (NP other CEOs) (PP-CLR to (NP the anti-program trading cause))))))) ,) (VP says (SBAR 0 (S (NP-SBJ he) (VP has (VP received (NP (NP `` countless '' letters) (VP offering (NP support)))))))) .)) (TOP (S `` (NP-SBJ They) (VP said (ADVP universally) , (PP without (NP a single exception)) : (S (NP-SBJ *) (VP Do n't (ADVP even) (VP compromise)))) .)) (TOP (S (S-TPC-1 (NP-SBJ *) (VP Kill (NP it))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ-1 (NP Wall Street 's) New Guard) (VP is n't (ADJP-PRD likely (S (NP-SBJ-2 *-1) (VP to (VP take (NP all this) (S-MNR (NP-SBJ *-2) (VP lying (PRT down))) (PP-TMP for (ADJP long)))))) , (ADVP however)) .)) (TOP (S (NP-SBJ Its new products and trading techniques) (VP have (VP been (ADJP-PRD highly profitable))) .)) (TOP (S (S (NP-SBJ Program trading money managers) (VP have (VP gained (NP (NP control) (PP over (NP (NP a big chunk) (PP of (NP (NP the invested funds) (PP-LOC in (NP this country)))))))))) , and (S (NP-SBJ (NP the pressures (S *ICH*-2)) (PP on (NP such money managers)) (S-2 (NP-SBJ *) (VP to (VP produce (NP consistent profits))))) (VP has (VP wedded (NP them) (PP-CLR to (NP (NP the ability (S (NP-SBJ *) (VP to (VP move (ADVP-MNR rapidly) (PP-DIR in and out (NP the market)))))) (SBAR (WHNP-1 that) (S (NP-SBJ program trading) (VP gives (NP them) (NP *T*-1))))))))) .)) (TOP (S (SBAR-ADV (WHNP-67 What) (S (NP-SBJ *T*-67) (VP 's (NP-PRD more)))) , (ADVP-TMP (NP-ADV (NP the last time) (SBAR (WHADVP-1 0) (S (NP-SBJ major Wall Street firms) (VP said (SBAR 0 (S (NP-SBJ they) (VP were (VP getting (PP-CLR out (PP of (NP program trading))))))) (ADVP-TMP *T*-1))))) (PRN -- (PP-TMP in (NP (NP the aftermath) (PP of (NP the 1987 crash)))) --)) (NP-SBJ they) (VP (VP waited (NP-TMP-CLR a few months)) and (ADVP then) (VP sneaked (ADVP-DIR back) (PP-DIR into (NP it)))) .)) (TOP (S (NP-SBJ-1 (NP Even some members) (PP of (NP the Old Guard))) , (PP despite (NP their current advantage)) , (VP seem (S (NP-SBJ *-1) (VP to (VP be (VP conceding (SBAR that (S (NP-SBJ the future) (VP belongs (PP with (NP the New Guard)))))))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ (NP Robert M. Bradley) , (NP (NP (NP one) (PP of (NP (NP the Big Board 's) (ADJP most respected) floor traders))) and (NP (NP head) (PP of (NP (NP a major traders ') organization)))) ,) (VP surrendered) .)) (TOP (S (NP-SBJ He) (VP (VP sold (NP his exchange seat)) and (VP wrote (NP (NP a bitter letter) (PP to (NP Big Board Chairman John J. Phelan Jr.)) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ he) (VP said (PP-LOC-CLR *T*-1) (SBAR 0 (S (NP-SBJ the Big Board) (VP is (VP (ADVP too) focused (PP-CLR on (NP (NP machines) , (PP rather than (NP people)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the exchange) (VP is (VP `` headed (PP-DIR for (NP a real crisis)) '' (SBAR-ADV if (S (NP-SBJ-1 program trading) (VP is n't (VP curbed (NP *-1)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP do not (VP want (S (NP-SBJ-2 my money) (VP invested (NP *-2) (PP in (SBAR-NOM (WHNP-3 what) (S (NP-SBJ I) (VP consider (NP *T*-3) (PP-CLR as (NP (NP nothing) (ADJP more (PP than (NP a casino)))))))))))))) , '' (NP-SBJ Mr. Bradley) (VP wrote (S *T*-1)) .)) (TOP (S (NP-SBJ-1 The battle) (VP has (VP turned (PP-CLR into (NP a civil war)) (PP-LOC at (NP some firms and organizations)) , (S-ADV (NP-SBJ *-1) (VP (VP causing (NP internal contradictions)) and (VP pitting (NP employee) (PP-CLR against (NP employee))))))) .)) (TOP (S (PP-LOC At (NP (NP (NP Kidder) , (NP (NP a unit) (PP of (NP General Electric Co.))) ,) and (NP other big brokerage firms))) , (NP-SBJ stockbrokers) (VP battle (NP (NP (NP their own firm 's) program traders) (ADVP-LOC (NP a few floors) away))) .)) (TOP (S (S (NP-SBJ (NP Corporations) (PP like (NP Contel))) (VP denounce (NP program trading))) , yet (S (NP-SBJ Contel) (VP has (PP-TMP in (NP the past)) (VP hired (NP (NP pension fund managers) (PP like (NP Bankers Trust Co.)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADVP also) (NP-PRD big program traders)))))))) .)) (TOP (S (NP-SBJ (NP The Big Board) -- (NP (NP the nation 's) premier stock exchange) --) (VP is (ADVP sharply) (VP divided (PP between (NP (NP its floor traders) and (NP its top executives))))) .)) (TOP (S (NP-SBJ Its entrenched 49 stock specialists firms) (VP are (VP fighting (ADVP-MNR tooth and nail) (PP-CLR against (NP programs)))) .)) (TOP (S But (NP-SBJ-1 (NP the Big Board 's) leadership) (PRN -- (PP over (NP (NP the specialists ') protests)) --) (ADVP-TMP (NP two weeks) ago) (VP began (S (NP-SBJ *-1) (VP trading (NP (NP a new stock `` basket '' product) (VP designed (S (NP-SBJ *) (VP to (VP facilitate (NP program trading))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 (NP A lot) (PP of (NP people))) (VP would (VP like (S (NP-SBJ *-2) (VP to (VP go (ADVP-DIR back) (PP-DIR to (NP (NP 1970) , '' (PP before (NP program trading)))))))))) , (NP-SBJ Mr. Phelan) (VP said (SBAR 0 (S *T*-1)) (NP-TMP this week)) .)) (TOP (S `` (NP-SBJ-1 I) (VP would (VP like (S (NP-SBJ *-1) (VP to (VP go (ADVP-DIR back) (PP-DIR to (NP 1970))))))) .)) (TOP (S But (NP-SBJ we) (VP are not (VP going (ADVP-DIR back) (PP-DIR to (NP 1970)))) . '')) (TOP (S (ADVP-TMP Again and again) , (NP-SBJ (NP program-trading 's) critics) (VP raise (NP the `` casino '' theme)) .)) (TOP (S (NP-SBJ They) (VP say (SBAR 0 (S (NP-SBJ-1 greedy market manipulators) (VP have (VP made (NP (NP a shambles) (PP of (NP (NP the nation 's) free-enterprise system))) , (S-ADV (NP-SBJ *-1) (VP turning (NP the stock market) (PP-CLR into (NP a big gambling den)) , (PP with (S-NOM (NP-SBJ-2 the odds) (VP (ADVP-MNR heavily) stacked (NP *-2) (PP-CLR against (NP the small investor)))))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ-1 The public) (VP did n't (VP come (PP-DIR to (NP the market)) (S-PRP (NP-SBJ *-1) (VP to (VP play (NP a game))))))) ; (S (NP-SBJ they) (VP can (VP go (PP-DIR to (NP Off-Track Betting)) (PP-PRP for (NP that)))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP A. Brean Murray) , (NP (NP chairman) (PP of (NP (NP Brean Murray , Foster Securities) , (NP a traditional money management firm))))) .)) (TOP (S (NP-SBJ The program traders) , (PP on (NP the other hand)) , (VP portray (NP old-fashioned stock pickers) (PP-CLR as (NP (NP the Neanderthals) (PP of (NP the industry))))) .)) (TOP (SINV (S-TPC-3 (S (NP-SBJ (NP Critics) (PP like (NP Mr. Murray))) `` (VP are (VP looking (PP-CLR for (NP witches))))) , and (S (NP-SBJ (NP people) (SBAR (WHNP-68 who) (S (NP-SBJ *T*-68) (VP use (NP computers) (S-CLR (NP-SBJ *) (VP to (VP trade))))))) (VP are (NP-PRD a convenient boogieman)))) , '' (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP J. Thomas Allen) , (NP (NP president) (PP of (NP (NP Advanced Investment Management Inc.) , (NP (NP a Pittsburgh firm) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP runs (NP (NP a (ADJP (QP $ 200 million) *U*) fund) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP uses (NP index arbitrage))))))))))))) .)) (TOP (S `` (NP-SBJ (NP Just a blind fear) (PP of (NP the unknown))) (VP is (VP causing (S (NP-SBJ them) (VP to (VP beg (NP the regulators) (PP-CLR for (NP protection))))))) . '')) (TOP (S (PP For (NP all the furor) ,) (NP-SBJ there) (VP is (NP-PRD (NP nothing) (ADJP particularly complex) (PP about (NP (NP the concept) (PP of (NP (NP stock-index arbitrage) , (NP (NP the (ADJP most controversial) type) (PP of (NP computer-assisted program trading))))))))) .)) (TOP (S (PP Like (NP (NP other forms) (PP of (NP arbitrage)))) , (NP-SBJ-1 it) (ADVP merely) (VP seeks (S (NP-SBJ *-1) (VP to (VP take (NP (NP advantage) (PP of (NP (NP momentary discrepancies) (PP in (NP (NP the price) (PP of (NP (NP a single product) (PRN -- (PP in (NP this case)) , (NP (NP a basket) (PP of (NP stocks))) --))))) (PP-LOC in (NP (NP different markets) (PRN -- (PP in (NP this case)) (NP (NP the New York Stock Exchange) and (NP the Chicago futures markets)))))))))))) .)) (TOP (S (NP-SBJ That divergence) (VP is (SBAR-NOM-PRD (WHNP-69 what) (S (NP-SBJ stock index traders) (VP seek (NP *T*-69))))) .)) (TOP (S (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ it) (VP occurs (ADVP-TMP *T*-1)))) , (NP-SBJ the traders) (VP place (NP orders (S *ICH*-2)) (PP-MNR via (NP computers)) (S-2 (NP-SBJ *) (VP to (VP (VP buy (NP (NP the basket) (PP of (NP (NP stocks) (PRN -LRB- (PP such as (NP (NP the 500 stocks) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP constitute (NP (NP the Standard & Poor 's) 500 stock index)))))) -RRB-))) (PP-LOC in (SBAR-NOM (WHNP-4 whichever market) (S (NP-SBJ *T*-4) (VP is (ADJP-PRD cheaper))))))) and (VP sell (NP them) (PP-LOC in (NP the more expensive market)))))))) ; (S (NP-SBJ they) (VP lock (PRT in) (NP (NP the difference) (PP in (NP price))) (PP-CLR as (NP profit)))) .)) (TOP (S (NP-SBJ (NP Such program trades) , (SBAR (WHNP-70 which) (S (NP-SBJ *T*-70) (VP can (VP involve (NP (NP the purchase or sale) (PP of (NP (NP millions) (PP of (NP (NP dollars) (PP of (NP stock))))))))))) ,) (VP occur (PP-TMP-CLR in (NP (NP a matter) (PP of (NP seconds))))) .)) (TOP (S (NP-SBJ (NP A program trade) (PP of (NP (NP (QP $ 5 million) *U*) (PP of (NP stock))))) (ADVP typically) (VP earns (NP (NP a razor-thin profit) (PP of (NP $ 25,000 *U*)))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP keep (S (NP-SBJ program-trading units) (ADJP-PRD profitable) (PP in (NP (NP the eyes) (PP of (NP senior brokerage executives)))))))) , (NP-SBJ-1 traders) (VP must (VP seize (NP (NP every opportunity) (SBAR (WHNP-2 0) (S (NP-SBJ their computers) (VP find (NP *T*-2))))))) .)) (TOP (S (NP-SBJ (NP (NP The speed) (SBAR (WHPP-1 with (WHNP which)) (S (NP-SBJ such program trades) (VP take (NP-CLR place) (PP-CLR *T*-1))))) and (NP (NP the volatile price movements) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP can (VP cause (NP *T*-2))))))) (VP are (SBAR-NOM-PRD (WHNP-4 what) (S (NP-SBJ-3 program trading critics) (VP profess (S (NP-SBJ *-3) (VP to (VP despise (NP *T*-4)))))))) .)) (TOP (SINV `` (S-TPC-3 (SBAR-ADV If (S (NP-SBJ-2 you) (VP continue (S (NP-SBJ *-2) (VP to (VP do (NP this))))))) , (NP-SBJ (NP the investor) (NP *ICH*-1)) (VP becomes (ADJP-PRD frightened) -- (NP-1 (NP any investor) : (NP (NP the odd lotter) , (NP mutual funds) and (NP pension funds))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Larry Zicklin) , (NP (NP managing partner) (PP-LOC at (NP Neuberger & Berman)))) .)) (TOP (S But (NP-SBJ many experts and traders) (VP say (SBAR that (S (NP-SBJ program trading) (VP is n't (NP-PRD (NP the main reason) (PP for (NP stock-market gyrations))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ I) (VP have not (VP seen (NP (NP one iota) (PP of (NP (NP evidence) '' (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP support (NP (NP restrictions) (PP on (NP program trading))) (ADVP *T*-2))))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP a Vanderbilt University finance professor) , (NP Hans Stoll) , (NP (NP an authority) (PP on (NP the subject)))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ (NP the Big Board 's) Mr. Phelan) , `` (S-1 (NP-SBJ Volatility) (VP is (ADJP-PRD (ADJP greater) (PP than (NP program trading))))) . '')) (TOP (S (NP-SBJ-72 The Oct. 13 plunge) (VP was (VP triggered (NP *-72) (PP not (PP by (NP-LGS program traders)) , but (PP by (NP-LGS (NP news) (PP of (NP (NP the unraveling) (PP of (NP (NP the (ADJP (QP $ 6.79 billion) *U*) buy-out) (PP of (NP UAL Corp))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-3 *-2) (ADJP-PRD Unable (S (NP-SBJ *-3) (VP to (VP unload (NP (NP UAL) and (NP other airline shares))))))) , (NP-SBJ-2 (NP takeover-stock speculators) , or (NP risk arbitragers) ,) (VP dumped (NP (NP every blue-chip stock) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP had (NP *T*-1)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ program trades) (ADVP-MNR swiftly) (VP kicked (PRT in)))) , (NP-SBJ (NP a `` circuit breaker '') (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP halted (NP (NP trading) (PP in (NP stock futures)) (PP-LOC in (NP Chicago))))))) (VP made (S (NP-SBJ some program trading) (ADJP-PRD impossible))) .)) (TOP (S (NP-SBJ (NP Susan Del Signore) , (NP (NP head trader) (PP-LOC at (NP Travelers Investment Management Co.))) ,) (VP says (SBAR 0 (S (NP-SBJ critics) (VP are (VP ignoring `` (NP (NP the role) (SBAR (WHNP-1 0) (S (NP-SBJ the -LCB- takeover stock -RCB- speculator) (VP is (VP taking (NP *T*-1) (PP-LOC in (NP the market))))))) (PP-CLR as (NP (NP a source) (PP of (NP volatility))))))))) . '')) (TOP (S-3 (S (NP-SBJ Many arbs) (VP are `` (ADJP-PRD overleveraged))) , '' (PRN (S (NP-SBJ she) (VP says (SBAR 0 (S *T*-3))))) , and (S (NP-SBJ-1 they) `` (VP have (S (NP-SBJ *-1) (VP to (VP sell (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ things) (VP look (SBAR like (S (NP-SBJ they) (VP fall (ADVP-CLR apart)))) (ADVP-TMP *T*-2))))))))) . '')) (TOP (S (S (PP Like (NP (NP virtually everything) (PP-LOC on (NP Wall Street)))) , (NP-SBJ the program-trading battle) (VP is (PP-PRD over (NP money)))) , and (S (NP-SBJ the traditionalists) (VP have (VP been (VP losing (PRT out) (PP-CLR on (NP (NP bundles) (PP of (NP it)))) (PP-CLR to (NP the New Guard)) (PP-TMP in (NP recent years)))))) .)) (TOP (S (NP-SBJ *) (VP Take (NP (NP the traditional money managers) , or (NP `` (NP stock pickers) , '' (SBAR-ADV as (S (NP-SBJ-1 they) (VP are (ADVP-MNR derisively) (VP known (NP *-1) (PP among (NP the computer jockeys))))))))) .)) (TOP (S (NP-SBJ-1 Traditional stock managers) (VP like (S (NP-SBJ *-1) (VP to (VP charge (NP (NP (NP (NP 50 cents) to (NP 75 cents)) (PP for (NP (NP every $ 100 *U*) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP manage (NP *T*-2) (PP for (NP big institutional investors)))))))) , and (NP (NP higher fees) (PP for (NP smaller investors)))))))) .)) (TOP (S Yet (NP-SBJ-2 many such managers) (ADVP consistently) (VP fail (S (NP-SBJ *-2) (VP to (ADVP even) (VP (VP keep (PRT up) (PP with (NP *RNR*-1))) , (ADVP much less) (VP beat (NP *RNR*-1)) , (NP-1 (NP the returns) (PP of (NP (NP standard benchmarks) (PP like (NP the S&P))))))))))) (TOP (S (ADVP Not surprisingly) , (NP-SBJ old-style money managers) (VP have (VP been (VP losing (NP clients) (PP-CLR to (NP (NP giant stock-index funds) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP use (NP computers) (S-CLR (NP-SBJ *-2) (VP to (VP juggle (NP portfolios) (SBAR-PRP so (S (NP-SBJ they) (VP mirror (NP the S&P 500))))))))))))))) .)) (TOP (S (NP-SBJ The indexers) (VP charge (NP (NP only a few pennies) (PP per (NP (NP $ 100 *U*) (VP managed (NP *)))))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ-73 (NP (QP about $ 200 billion) *U*) , or (NP (NP 20 %) (PP of (NP all pension-fund stock investments))) ,) (VP is (VP held (NP *-73) (PP by (NP-LGS index funds)))) .)) (TOP (S (NP-SBJ (NP The new Wall Street) (PP of (NP (NP computers) and (NP automated trading)))) (VP threatens (S (NP-SBJ *-1) (VP to (VP make (NP (NP dinosaurs) (PP of (NP the 49 Big Board stock-specialist firms))))))) .)) (TOP (S (NP-SBJ These (ADJP small but influential) floor brokers) (ADVP-TMP long) (VP have (VP earned (NP (NP fat returns) (PP of (NP (NP (QP 30 % to 40 %) *U*) (NP-ADV a year)))) (PP on (NP their capital)) , (PP by (NP (NP virtue) (PP of (NP (NP their monopoly) (PP in (S-NOM (NP-SBJ *) (VP making (NP (NP markets) (PP in (NP individual stocks)))))))))))) .)) (TOP (S (NP-SBJ The specialists) (VP see (NP (NP any step) (PP to (NP electronic trading))) (PP-CLR as (NP a death knell))) .)) (TOP (S And (NP-SBJ they) (VP believe (SBAR 0 (S (NP-SBJ the Big Board) , (PP under (NP Mr. Phelan)) , (VP has (VP abandoned (NP their interest)))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (NP-PRD (NP (NP The son) (PP of (NP a specialist))) and (ADVP-TMP once) (NP (NP one) (NP himself)))) , (NP-SBJ-2 Mr. Phelan) (VP has (ADVP nonetheless) (VP been (VP striving (PRN -- (PP with (NP (NP products) (PP like (NP the new stock basket)) (SBAR (WHNP-1 that) (S (NP-SBJ his former colleagues) (VP dislike (NP *T*-1) (ADVP so much)))))) --) (S (NP-SBJ *-2) (VP to (VP keep (NP-3 (NP index funds) and (NP other program traders)) (PP from (S-NOM (NP-SBJ *-3) (VP taking (NP their business) (PP-DIR to (NP overseas markets))))))))))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ (NP specialists ') trading risks) (VP have (VP skyrocketed (PP-PRP as (NP (NP a result) (PP of (NP stock-market volatility)))))) .)) (TOP (SINV (S-TPC-3 `` (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the sell programs) (VP hit (ADVP-TMP *T*-1)))) , (NP-SBJ you) (VP can (VP hear (S (NP-SBJ-2 the order printers) (VP start (S (NP-SBJ *-2) (VP to (VP go '' (PP-LOC on (NP the Big Board trading floor)))))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP one specialist) (ADVP-LOC there)) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ The buyers) (VP walk (ADVP-DIR away))) , and (S (NP-SBJ-74 the specialist) (VP is (VP left (NP *-74) (ADVP alone) '' (PP as (NP (NP the buyer) (PP of (NP last resort)) (PP for (NP (NP his stable) (PP of (NP stocks)))))))))) , (NP-SBJ he) (VP contends (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ No one) (VP is (ADJP-PRD (ADJP more unhappy (PP with (NP program trading))) (PP than (NP (NP the nation 's) stockbrokers)))) .)) (TOP (S (NP-SBJ-1 They) (VP are (ADVP still) (VP trying (S (NP-SBJ *-1) (VP to (VP lure (ADVP-DIR back) (NP (NP small investors) (VP spooked (NP *) (PP by (NP-LGS (NP the 1987 stock-market crash) and (NP (NP (NP the market 's) swings) (PP-TMP since (NP then)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ Small investors) (VP are (ADJP-PRD absolutely dismayed (SBAR that (S (NP-SBJ Wall Street) (VP is (VP stacking (NP the deck) (PP-CLR against (NP them))))))))) , and (S (NP-SBJ these wide swings) (VP are (VP scaring (NP them) (PP-CLR to (NP death)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Raymond A. Mason) , (NP (NP chairman) (PP of (NP (NP regional broker Legg Mason Inc.) (PP-LOC in (NP Baltimore)))))) .)) (TOP (S (NP-SBJ (NP Stockbrokers ') business and pay) (VP has (VP been (VP falling))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ the average broker) (VP earned (NP (NP $ 71,309 *U*) , (ADJP (ADJP (NP-ADV 24 %) lower) (PP than (PP-TMP in (NP 1987)))))) .)) (TOP (S (NP-SBJ Corporate executives) (VP resent (SBAR that (S (NP-SBJ-75 (NP their company 's) stock) (VP has (VP been (VP transformed (NP *-75) (PP-CLR into (NP (NP a nameless piece) (PP of (NP a stock-index basket)))))))))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ (NP Index traders) (SBAR (WHNP-71 who) (S (NP-SBJ *T*-71) (VP buy (NP (NP all 500 stocks) (PP-LOC in (NP the S&P 500))))))) (ADVP-TMP often) (VP do n't (ADVP even) (VP know (SBAR (WHNP-2 what) (S (NP-SBJ (NP the companies) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP own (NP *T*-1))))) (ADVP actually) (VP do (NP *T*-2))))))) , (VP complains (SBAR 0 (S *T*-3))) (NP-SBJ (NP Andrew Sigler) , (NP (NP chairman) (PP of (NP Champion International Corp)))) .)) (TOP (SQ `` Do (NP-SBJ you) (VP make (NP sweatshirts or sparkplugs)) ?)) (TOP (S (S-SBJ (INTJ Oh) , (NP-SBJ you) (VP 're (PP-PRD in (NP the paper business))) ,) '' (VP is (NP-PRD (NP one reaction) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Sigler) (VP says (SBAR 0 (S (NP-SBJ he) (VP 's (VP gotten (NP *T*-1) (PP-CLR from (NP his big institutional shareholders))))))))))) .)) (TOP (S (PP-TMP By (NP this September)) , (NP-SBJ program traders) (VP were (VP doing (NP (NP a record 13.8 %) (PP of (NP (NP the Big Board 's) average daily trading volume))))) .)) (TOP (SINV (PP-TPC-1 Among (NP the top practitioners)) (VP were (PP-PRD *T*-1)) (NP-SBJ (NP Wall Street blue bloods) : (NP (NP Morgan Stanley & Co.) , (NP Kidder Peabody) , (NP Merrill Lynch) , (NP Salomon Brothers Inc.) and (NP PaineWebber Group Inc))) .)) (TOP (SINV But (ADVP-TMP then) (VP came) (NP-SBJ (NP Oct. 13) and (NP (NP the negative publicity) (VP orchestrated (NP *) (PP by (NP-LGS the Old Guard)) , (PP (ADVP particularly) against (NP index arbitrage))))) .)) (TOP (S (NP-SBJ (NP (NP The indexers ') strategy) (PP for (NP the moment))) (VP is (S-PRD (NP-SBJ *) (VP to (VP (VP hunker (PRT down)) and (VP let (S (NP-SBJ the furor) (VP die))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD a lynch-mob psychology) (ADVP-TMP right now))) , '' (VP says (S *T*-1)) (NP-SBJ (NP the top program-trading official) (PP-LOC at (NP a Wall Street firm))) .)) (TOP (S `` (S (NP-SBJ-1 (NP Wall Street 's) cash cow) (VP has (VP been (VP gored (NP *-1))))) , but (S (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ anyone) (VP has (VP proven (SBAR that (S (NP-SBJ index arbitrage) (VP is (NP-PRD the problem))))))))))) . '')) (TOP (S (NP-SBJ (NP Too much money) (SBAR *ICH*-1)) (VP is (PP-PRD at (NP stake)) (SBAR-1 for (S (NP-SBJ program traders) (VP to (VP give (PRT up)))))) .)) (TOP (S (PP For (NP example)) , (S (NP-SBJ stock-index futures) (VP began (VP trading (PP-LOC in (NP Chicago)) (PP-TMP in (NP 1982))))) , and (S (PP-TMP within (NP two years)) (NP-SBJ they) (VP were (NP-PRD (NP the fastest-growing futures contract) (VP (ADVP ever) launched (NP *))))) .)) (TOP (S (NP-SBJ Stock futures trading) (VP has (VP minted (NP (NP dozens) (PP of (NP (NP millionaires) (PP in (NP their 20s and 30s))))))) .)) (TOP (S (ADVP-TMP Now) , (PP-TMP on (NP a good day)) , (NP-SBJ (NP Chicago 's) stock-index traders) (VP trade (NP (NP more dollars) (ADJP worth) (PP of (NP stock futures)) (SBAR than (S (NP-SBJ the Big Board) (VP trades (PP-CLR in (NP stock))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ-76 the stage) (VP is (VP set (NP *-76) (SBAR-CLR for (S (NP-SBJ the battle) (VP to (VP play (PRT out))))))) .)) (TOP (S (NP-SBJ The anti-programmers) (VP are (VP getting (NP some helpful thunder) (PP-CLR from (NP Congress)))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP Program traders ') `` power (S (NP-SBJ *) (VP to (VP create (NP total panic))))) (VP is (ADJP-PRD (ADJP so great) (SBAR that (S (NP-SBJ-1 they) (VP ca n't (VP be (VP allowed (S (NP-SBJ *-1) (VP to (VP have (NP their way)))))))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Rep. Edward Markey) , (NP a Massachusetts Democrat)) .)) (TOP (S `` (NP-SBJ-1 We) (VP have (S (NP-SBJ *-1) (VP to (VP have (NP (NP a system) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP says (PP-CLR to (NP those largest investors)))))))))) :)) (TOP (S ` (NP-SBJ *) (VP Sit (PRT down)) !)) (TOP (S (NP-SBJ You) (VP will not (VP panic)) ,)) (TOP (S (NP-SBJ you) (VP will not (VP put (NP the financial system) (PP-PUT in (NP jeopardy)))) . ' '')) (TOP (S But (NP-SBJ (NP the prospects) (PP for (NP (NP legislation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP targets (NP program trading))))))) (VP is (ADJP-PRD unlikely) (ADVP-TMP anytime soon)) .)) (TOP (S (NP-SBJ (NP Many people) , (PP including (NP the Big Board)) ,) (VP think (SBAR that (S (NP-SBJ it) (VP 's (ADJP-PRD (ADJP too late) (S (NP-SBJ *) (VP to (VP put (NP the genie) (ADVP|PRT back) (PP-PUT in (NP the bottle)))))))))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ-1 (NP The Big Board 's) directors) (VP meet (ADVP-TMP today) (S-PRP (NP-SBJ *-1) (VP to (VP approve (NP some program-trading restrictions)))))) , but (S (NP-SBJ-77 a total ban) (VP is n't (VP being (VP considered (NP *-77)))))) , (NP-SBJ Big Board officials) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 You) (VP 're not (VP going (S (NP-SBJ *-2) (VP to (VP stop (NP (NP the idea) (PP of (S-NOM (NP-SBJ *) (VP trading (NP (NP a basket) (PP of (NP stocks))))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Vanderbilt 's) Prof. Stoll) . ``)) (TOP (S (S (NP-SBJ-1 Program trading) (VP is (ADJP-PRD here (S-CLR (NP-SBJ *-1) (VP to (VP stay)))))) , and (S (NP-SBJ-2 computers) (VP are (ADJP-PRD here (S-CLR (NP-SBJ *-2) (VP to (VP stay)))))) , and (S (NP-SBJ-3 we) (ADVP just) (VP need (S (NP-SBJ *-3) (VP to (VP understand (NP it)))))) . '')) (TOP (S (ADVP Short (PP of (NP a total ban))) , (NP-SBJ some anti-programmers) (VP have (VP proposed (NP (NP several middle-ground reforms) , (SBAR (WHNP-1 which) (S (NP-SBJ they) (VP say (SBAR 0 (S (NP-SBJ *T*-1) (VP would (VP take (PRT away) (NP (NP certain advantages) (SBAR (SBAR (WHNP-2 0) (S (NP-SBJ program traders) (ADVP-TMP currently) (VP enjoy (NP *T*-2) (PP-LOC in (NP the marketplace))))) (SBAR (WHNP-3 that) (S (NP-SBJ other investors) (VP do n't (NP *T*-3)))))))))))))))) .)) (TOP (S (NP-SBJ (NP One such proposal) (VP regarding (NP stock-index futures))) (VP is (NP-PRD (NP an increase) (PP-LOC in (NP (NP the margin requirement) (PRN -- or (NP (NP the `` good-faith '' payment) (PP of (NP cash)) (VP needed (S (NP-SBJ *) (VP to (VP trade (NP them)))))) --))) (PP to (NP (NP about the same level) (PP as (NP (NP the margin requirement) (PP for (NP stocks)))))))) .)) (TOP (S (ADVP-TMP Currently) , (NP-SBJ (NP margins) (PP on (NP stock futures purchases))) (VP are (ADJP-PRD much lower) (PRN -- (NP roughly 7 %) (PP compared (PP with (NP (NP 50 %) (PP for (NP stocks))))) --) (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ the futures market) (ADJP-PRD (ADJP much faster) and (ADJP potentially more speculative)))))) .)) (TOP (S (NP-SBJ Program trading critics) (ADVP also) (VP want (S (NP-SBJ (NP the Federal Reserve Board) , (PP rather than (NP the futures industry)) ,) (VP to (VP set (NP such margins))))) .)) (TOP (S (NP-SBJ Futures traders) (VP respond (SBAR that (S (NP-SBJ-1 low margins) (VP help (S (NP-SBJ *-1) (VP keep (S (NP-SBJ their markets) (ADJP-PRD active)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Higher margins) (VP would (VP chase (ADVP-DIR away) (NP (NP dozens) (PP of (NP (NP smaller traders) (SBAR (WHNP-72 who) (S (NP-SBJ *T*-72) (VP help (S (NP-SBJ larger traders) (VP buy and sell))))))))))) , (NP-SBJ they) (VP say (S *T*-1)) .)) (TOP (S (NP-SBJ Another proposed reform) (VP is (S-PRD (NP-SBJ *) (VP to (VP have (S (NP-SBJ program traders) (VP answer (PP-CLR to (NP (NP an `` uptick rule '') (NP (NP a reform) (VP instituted (NP *) (PP-TMP after (NP (NP the Great Crash) (PP of (NP 1929))))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP protects (PP-CLR against (S-NOM (NP-SBJ-2 stocks) (VP being (ADVP-MNR relentlessly) (VP beaten (NP *-2) (ADVP-DIR downward) (PP by (NP-LGS (NP (NP those) (VP seeking (S (NP-SBJ *) (VP to (VP profit (PP-CLR from (NP lower prices))))))) , (ADVP namely) (NP short sellers))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The Big Board 's) uptick rule) (VP prevents (NP (NP the short sale) (PP of (NP a stock)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the stock) (VP is (VP falling (PP-MNR in (NP price)) (ADVP-TMP *T*-1))))))) .)) (TOP (S But (PP-TMP in (NP 1986)) , (NP-SBJ program traders) (VP received (SBAR-NOM (WHNP-73 what) (S (NP-SBJ *T*-73) (VP amounted (PP-CLR to (NP (NP an exemption) (PP from (NP the uptick rule)) (PP-LOC in (NP certain situations))))))) , (S-PRP (NP-SBJ *) (VP to (VP make (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD easier) (S-1 (NP-SBJ *) (VP to (VP link (NP the stock and futures markets))))))))) .)) (TOP (S (NP-SBJ (NP A reinstatement) (PP of (NP the uptick rule)) (PP for (NP program traders))) (VP would (VP slow (NP their activity) (ADVP-MNR considerably))) .)) (TOP (S (NP-SBJ Program traders) (VP argue (SBAR that (S (NP-SBJ (NP a reinstatement) (PP of (NP the rule))) (VP would (VP destroy (NP (NP the `` pricing efficiency '') (PP of (NP the futures and stock markets)))))))) .)) (TOP (S (NP-SBJ James A. White) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (NP-HLN Fundamentalists Jihad)) (TOP (S (NP-SBJ Big Board Chairman John Phelan) (VP said (NP-TMP yesterday) (SBAR that (S (NP-SBJ he) (VP could (VP support (S (NP-SBJ *) (VP letting (S (NP-SBJ federal regulators) (VP suspend (NP program trading) (PP-TMP during (NP wild stock-price swings))))))))))) .)) (TOP (S (ADVP Thus) (NP-SBJ (NP the band-wagon psychology) (PP of (NP recent days))) (VP picks (PRT up) (NP new impetus)) .)) (TOP (S (NP-SBJ Index arbitrage) (VP is (NP-PRD (NP a common form) (PP of (NP program trading)))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 *) (ADVP-TMP usually) (VP practiced (NP *-1)))) (NP-SBJ it) (VP takes (NP advantage) (PP-CLR of (NP (NP a (ADJP rather basic) concept) : (S (NP-SBJ (NP Two separate markets) (PP-LOC in (NP different locations)) , (VP trading (NP basically the same widgets)) ,) (VP ca n't (VP trade (NP them) (PP-TMP for (ADJP long)) (PP-CLR at (NP (NP prices) (SBAR (WHNP-74 that) (S (NP-SBJ *T*-74) (VP are (ADJP-PRD widely different)))))))))))) .)) (TOP (S (PP-LOC In (NP index arbitrage)) , (S (NP-SBJ the widget) (VP is (NP-PRD the S&P 500))) , and (S (NP-SBJ its price) (VP is (ADVP-TMP constantly) (VP compared (PP between (NP (NP (NP the futures market) (PP-LOC in (NP Chicago))) and (NP (NP the stock markets) (PP-LOC (ADVP largely) in (NP New York)))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP profit (PP-CLR from (NP an index-arbitrage opportunity))))) , (NP-SBJ-1 (NP someone) (SBAR (WHNP-75 who) (S (NP-SBJ *T*-75) (VP owns (NP (NP the S&P 500 widget) (PP-LOC in (NP New York))))))) (VP must (VP (VP sell (NP it)) and (VP replace (NP it) (PP-CLR with (NP (NP a cheaper S&P 500 widget) (PP-LOC in (NP Chicago))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-78 (NP the money manager) (VP performing (NP this service))) (VP is (VP being (VP paid (PP by (NP-LGS his clients)) (S (NP-SBJ *-78) (VP to (VP match or beat (NP (NP the return) (PP of (NP the S&P 500 index))))))))))) , (NP-SBJ-1 he) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP remain (VP (ADVP fully) invested (PP-TMP at (NP all times)))))))) .)) (TOP (S -LRB- (S (NP-SBJ-1 Few (PRN , if any ,) index-fund managers) (VP will (VP risk (S (NP-SBJ *-1) (VP leveraging (NP performance))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP owning (NP (NP (ADJP (QP more than 100) %) exposure) (PP to (NP stocks))))))))) , and (S (NP-SBJ-2 equally few) (VP will (VP want (S (NP-SBJ *-2) (VP to (VP own (NP (NP less) (PP than (NP a (ADJP 100 %) position)))))) (SBAR-ADV (SINV should (NP-SBJ stocks) (VP rise)))))) . -RRB-)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ-2 *-1) (ADVP-TMP constantly) (VP seeking (S (NP-SBJ *-2) (VP to (VP own (NP the cheapest widget))))))) , (NP-SBJ-1 index-arbitrage traders) (VP hope (S (NP-SBJ *-1) (VP to (VP add (NP (QP between 1 % and 3 %) *U*) (PP-CLR to (NP (NP the annual return) (PP of (NP the S&P 500)))))))) .)) (TOP (S (NP-SBJ That) (VP represents (NP (NP a (ADJP very thin) `` excess '' return) , (ADJP (ADJP (ADVP certainly) far less) (PP than (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 most fundamental stock pickers) (VP claim (S (NP-SBJ *-1) (VP to (VP seek (NP *T*-2) (PP-CLR as (NP their performance objective)))))))))))) .)) (TOP (S (NP-SBJ The fact (SBAR that (S (NP-SBJ-1 (NP a vast majority) (PP of (NP fundamentalist money managers))) (VP fail (S (NP-SBJ *-1) (VP to (VP beat (NP the S&P 500)))))))) (VP may (VP contribute (PP-CLR to (NP (NP the hysteria) (VP surrounding (NP the issue)))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ more managers) (VP pursue (NP the index-arbitrage strategy)))) , (NP-SBJ-1 (NP these small opportunities) (PP between (NP markets))) (VP will (VP be (VP (VP reduced (NP *-1)) and (VP (PRN , (ADVP-TMP eventually) ,) eliminated (NP *-1))))) .)) (TOP (S (NP-SBJ The current opportunities) (VP arise (SBAR-PRP because (S (NP-SBJ (NP the process) (PP for (S-NOM (NP-SBJ *) (VP executing (NP a buy or sell order) (PP-LOC-CLR in (NP (NP the actual stocks) (SBAR (WHNP-76 that) (S (NP-SBJ *T*-76) (VP make (PRT up) (NP the S&P 500)))))))))) (VP is (ADJP-PRD (ADJP more cumbersome) (PP than (S-NOM (NP-SBJ *) (VP transacting (PP-LOC-CLR in (NP the futures market)))))))))) .)) (TOP (S (NP-SBJ (NP The New York Stock Exchange 's) attempt (S (NP-SBJ *) (VP to (VP introduce (NP a new portfolio basket))))) (VP is (NP-PRD (NP evidence) (PP of (NP (NP investors ') desires (S (NP-SBJ *) (VP to (VP make (NP (NP (ADJP fast and easy) transactions) (PP of (NP (NP large numbers) (PP of (NP shares)))))))))))) .)) (TOP (SBARQ So (SBAR-ADV if (S (NP-SBJ index arbitrage) (VP is (ADVP simply) (S-NOM-PRD (NP-SBJ *) (VP taking (NP (NP advantage) (PP of (NP (NP thin inefficiencies) (PP between (NP (NP two markets) (PP for (NP the same widget)))))))))))) , (WHADVP-1 how) (SQ did `` (NP-SBJ program trading) '' (VP evolve (PP-CLR into (NP (NP the evil creature) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP is (VP evoking (NP (NP the curses) (PP of (NP (ADJP so many) observers))))))))) (ADVP-MNR *T*-1))) ?)) (TOP (S (NP-SBJ (NP (NP All arguments) (PP against (NP program trading))) , (NP (NP even those) (VP pressed (NP *) (PP without (NP fact)))) ,) (VP conclude (PP-CLR with (NP (NP (NP three expected results) (SBAR-TMP after (S `` (NP-SBJ-1 reforms) '' (VP are (VP implemented (NP *-1)))))) : (NP (NP (LST 1 -RRB-) reduced volatility) , (NP (LST 2 -RRB-) a long-term investment focus) , and (NP (LST 3 -RRB-) (NP a level playing field) (PP for (NP the small investor))))))) .)) (TOP (S But (NP-SBJ (NP many) (PP of (NP these reforms))) (VP are (ADJP-PRD (ADJP unneeded) , (ADJP even harmful))) .)) (TOP (S-HLN (NP-SBJ *) (VP Reducing (NP volatility)) .)) (TOP (S (NP-SBJ An index-arbitrage trade) (VP is (ADVP-TMP never) (VP executed (SBAR-ADV unless (S (NP-SBJ there) (VP is (NP-PRD (NP sufficient difference) (PP between (NP (NP the markets) (PP-LOC in (NP (NP New York) and (NP Chicago))))) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP cover (NP all transaction costs))))))))))) .)) (TOP (S (S (NP-SBJ Arbitrage) (VP does n't (VP cause (NP volatility)))) ; (S (NP-SBJ it) (VP responds (PP-CLR to (NP it)))) .)) (TOP (S (S (NP-SBJ *) (VP Think (PP-CLR about (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP causes (NP (NP the difference) (PP in (NP (NP prices) (PP between (NP (NP the two markets) (PP for (NP S&P 500 stocks))))))))))))) -- (S (ADVP-TMP usually) (NP-SBJ it) (VP is (NP-PRD (NP large investors) (VP initiating (NP a buy or sell) (PP-LOC in (NP Chicago)))))) .)) (TOP (S (NP-SBJ A large investor) (VP will (ADVP likely) (VP cause (S (NP-SBJ the futures market) (VP to (VP decline))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP sells (NP his futures) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ-1 Arbitrage) (ADVP simply) (VP transfers (NP his selling pressure) (PP-DIR from (NP Chicago)) (PP-DIR to (NP New York)) , (SBAR-ADV while (S (NP-SBJ *-1) (VP functioning (PP-CLR as (NP (NP a buyer) (PP-LOC in (NP Chicago)))))))) .)) (TOP (S (S (NP-SBJ (NP The start) (PP of (NP the whole process))) (VP is (NP-PRD the key))) - (S (NP-SBJ-1 someone) (VP must (ADVP-MNR fundamentally) (VP increase or decrease (NP (NP his ownership) (PP in (NP widgets))) (S-PRP (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ widget prices) (VP move)))))))) .)) (TOP (SBARQ (WHADVP-1 Why) (SQ does (NP-SBJ this large hypothetical seller) (VP trade (PP-LOC in (NP (NP Chicago) (PP instead of (NP New York)))) (ADVP-PRP *T*-1))) ?)) (TOP (S (ADVP Perhaps) (NP-SBJ-1 he) (VP is (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP sacrifice (PP-CLR to (NP the arbitrage trader)) (NP some small profit))))) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP get (NP (NP (ADJP quick and certain) execution) (PP of (NP his large trade)))))))) .)) (TOP (S (PP-LOC In (NP a competitive market)) , (S (NP-SBJ this investor) (VP has (NP (NP many ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP execute (NP his transactions) (ADVP-MNR *T*-1)))))))) , and (S (NP-SBJ he) (VP will (VP have (NP (NP more alternatives) (PRN -LRB- (ADJP both (ADJP foreign) and (ADJP domestic)) -RRB-)) (SBAR-ADV if (S (NP-SBJ his volume) (VP is (ADJP-PRD (ADJP profitable) (SBAR (WHNP-2 0) for (S (NP-SBJ an exchange) (VP to (VP handle (NP *T*-2)))))))))))) .)) (TOP (FRAG (FRAG If not (NP-LOC Chicago) , then (PP-LOC in (NP New York))) ; (FRAG if not (NP-LOC the U.S.) , then (NP-LOC overseas)) .)) (TOP (S (NP-SBJ (NP Volatility) (VP surrounding (NP his trades))) (VP occurs (UCP-PRP not (PP because of (NP index arbitrage)) , but (SBAR because (S (NP-SBJ his) (VP is (NP-PRD (NP a large addition or subtraction) (PP to (NP (NP a widget market) (PP with (NP finite liquidity)))))))))) .)) (TOP (S (S (NP-SBJ *) (VP Eliminate (NP arbitrage))) and (S (NP-SBJ liquidity) (VP will (VP decline (PP instead of (S-NOM (NP-SBJ *) (VP rising))) , (S-ADV (NP-SBJ *) (VP creating (NP (NP more volatility) (PP instead of (NP less)))))))) .)) (TOP (S (NP-SBJ-1 (NP The speed) (PP of (NP his transaction))) (VP is n't (S-PRD (NP-SBJ-79 *-1) (VP to (VP be (VP feared (NP *-79) (ADVP either))))) , (SBAR-PRP because (S (NP-SBJ (ADJP faster and cleaner) execution) (VP is (ADJP-PRD desirable , not loathsome))))) .)) (TOP (S (SBAR-ADV If (S (S-NOM-SBJ (NP-SBJ *) (VP slowing (NP things) (PRT down))) (VP could (VP reduce (NP volatility))))) , (NP-SBJ stone tablets) (VP should (VP become (NP-PRD (NP the trade ticket) (PP of (NP the future))))) .)) (TOP (S-HLN (NP-SBJ *) (VP Encouraging (NP long-term investing)) .)) (TOP (S (NP-SBJ We) (VP must (VP be (ADJP-PRD very cautious (PP about (S-NOM (NP-SBJ *) (VP labeling (NP investors) (PP-CLR as (ADJP `` long-term '' or `` short-term)))))))) . '')) (TOP (S (NP-SBJ (NP Policies) (VP designed (S (NP-SBJ *) (VP to (VP encourage (NP (NP one type) (PP of (NP investor))) (PP-CLR over (NP another))))))) (VP are (ADJP-PRD akin (PP to (S-NOM (NP-SBJ *) (VP placing (NP (NP a sign) (VP *ICH*-1)) (PP-CLR over (NP (NP the Big Board 's) door)) (VP-1 saying : `` (S (S (NP-SBJ Buyers) (ADJP-PRD welcome)) , (S (NP-VOC sellers) (INTJ please) (NP-SBJ *) (VP go (ADVP-DIR away)))))))))) ! '')) (TOP (S (S (NP-SBJ (NP The ultimate goal) (PP of (NP any investor))) (VP is (NP-PRD a profit motive))) , and (S (NP-SBJ regulators) (VP should not (VP concern (NP themselves) (PP-CLR with (SBAR-NOM whether (S (NP-SBJ investors) (VP are (ADJP-PRD sufficiently focused (PP on (NP the long term)))))))))) .)) (TOP (S (NP-SBJ (NP A free market) (PP with (NP a profit motive))) (VP will (VP attract (NP each investor) (PP-CLR to (NP (NP the liquidity and risks) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP can (VP tolerate (NP *T*-1))))))))) .)) (TOP (S (PP In (NP (NP point) (PP of (NP fact)))) , (NP-SBJ (NP volatility) (SBAR-ADV as (S (NP-SBJ-2 *) (VP measured (NP *-2) (PP by (NP (NP the annualized standard deviation) (PP of (NP daily stock price movements)))))))) (VP has (ADVP-TMP frequently) (VP been (ADJP-PRD (ADJP much higher) (SBAR than (S (NP-SBJ it) (VP is (ADJP-PRD *?*) (NP-TMP today))))))) .)) (TOP (S (NP-SBJ (NP Periods) (PP-TMP before (NP (NP the advent) (PP of (NP futures or program trading))))) (VP were (ADVP-TMP often) (ADJP-PRD more volatile) , (ADVP-TMP usually) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ fundamental market conditions) (VP were (VP undergoing (NP change) (ADVP-TMP *T*-1))))) (PRN -LRB- (NP (NP 1973-75) , (NP 1937-40) , and (NP 1928-33)) (PP for (NP example)) -RRB-)) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-2)) (VP is (ADJP-PRD interesting) (S-2 (NP-SBJ *) (VP to (VP see (S (NP-SBJ-3 the fundamental stock pickers) (VP scream `` (NP foul) '' (PP-CLR on (NP program trading)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the markets) (VP decline (ADVP-TMP *T*-1)))) , (SBAR-ADV while (S (NP-SBJ *-3) (VP hailing (NP (NP the great values) (VP (ADVP-TMP still) abounding (SBAR-ADV as (S (NP-SBJ the markets) (VP rise)))))))))))))) .)) (TOP (SQ Could (NP-SBJ rising volatility) (ADVP possibly) (VP be (ADVP-PRD related (PP to (NP (NP (NP uncertainty) (PP about (NP (NP the economics) (PP of (NP stocks))))) , (PP instead of (NP (NP the evil deeds) (PP of (NP program-trading goblins)))))))) ?)) (TOP (S (NP-SBJ (NP Some) (PP of (NP (NP the proposed fixes) (PP for (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-80 *T*-1) (VP is (VP labeled (S (NP-SBJ *-80) `` (NP-PRD program-trading volatility) ''))))))))) (VP could (VP be (ADJP-PRD (ADJP far worse) (PP than (NP the perceived problem))))) .)) (TOP (S (PP In (S-NOM (NP-SBJ *) (VP using (NP program trading) (PP-CLR as (NP a whipping boy))))) , (NP-SBJ-1 fundamentalist investors) (VP stand (S (NP-SBJ *-1) (VP to (VP gain (NP the high ground) (PP in (S-NOM (NP-SBJ *) (VP wooing (NP small investors) (PP-CLR for (NP their existing stock-selection products))))))))) .)) (TOP (S (NP-SBJ-1 They) (VP may , (ADVP however) , (VP risk (S (NP-SBJ *-1) (VP bringing (NP some damaging interference) (PP from (PP-LOC outside (NP the markets))))) (NP-ADV themselves))) .)) (TOP (SBARQ (WHADVP-1 How) (SQ does (NP-SBJ (NP a nice new tax) (PRN , (INTJ say) (NP 5 %) ,) (PP on (NP any financial transaction))) (VP sound (ADVP-CLR *T*-1))) ?)) (TOP (S (NP-SBJ-1 That) (VP ought (S (NP-SBJ *-1) (VP to (VP make (ADJP-CLR sure (SBAR 0 (S (NP-SBJ we) (VP 're all (VP thinking (PP-CLR for (NP the long term))))))))))) .)) (TOP (S-HLN (NP-SBJ *) (VP Getting (NP a level playing field)) .)) (TOP (S (NP-SBJ This argument) (VP is (ADVP perhaps) (NP-PRD (NP the (ADJP most interesting) one) (PP for (S-NOM (NP-SBJ *) (VP abolishing (NP program trading))))) -- (PP-PRP not (PP because of (NP its merits)) , but (PP because of (NP (NP the firms) (VP championing (NP the cause)))))) .)) (TOP (S (NP-SBJ (NP The loudest) (PP of (NP these reformers))) (VP are (NP-PRD (NP money managers) (SBAR (WHNP-77 who) (S (NP-SBJ *T*-77) (VP cater (PP-CLR to (NP smaller investors))))))) .)) (TOP (S (NP-SBJ They) (ADVP-TMP continually) (VP advise (NP their clients) (PP-CLR on (SBAR-NOM (WHNP-1 which individual stocks) (S (NP-SBJ *) (VP to (VP buy or sell (NP *T*-1)))))) , (SBAR-ADV while (S (NP-SBJ-2 their clients) (VP continue (S (NP-SBJ *-2) (VP to (VP hope (PP-CLR for (NP superior performance))))))))) .)) (TOP (S (PP (ADVP Even) with (NP mutual funds)) , (NP-SBJ-1 the little investor) (VP continues (S (NP-SBJ *-1) (VP to (VP tolerate (NP (NP high fees) , (NP high commissions) and (NP poor performance))))) , (SBAR-ADV while (S (NP-SBJ index-fund managers) (ADVP-MNR slowly) (VP amass (NP (NP a better record) (PP with (NP (NP lower fees) , (NP lower commissions) and (NP less risk)))))))) .)) (TOP (S Yet (NP-SBJ our efforts) (VP are (ADVP somehow) (ADJP-PRD (ADJP less noble) (PP than (NP (NP those) (PP of (NP (NP an investment expert) (VP (ADVP-MNR studiously) devouring (NP (NP press clippings) (PP on (NP (NP each company) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP follows (NP *T*-1)))))))))))))) .)) (TOP (S (S (NP-SBJ-81 Almost all new regulation) (VP is (VP introduced (NP *-81) (PP-CLR in (NP (NP the interests) (PP of (S-NOM (NP-SBJ *) (VP protecting (NP the little guy))))))))) , and (S (NP-SBJ he) (ADVP invariably) (VP is (NP-PRD (NP the one) (ADJP least able (S (NP-SBJ *) (VP to (VP cope (PP-CLR with (NP its consequences))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ (NP spreads) (ADJP available (PP from (NP index arbitrage)))) (VP are (ADJP-PRD so enormous)))) , (ADVP surely) (NP-SBJ any sizable mutual-fund company) (VP could (VP profit (PP-CLR from (S-NOM (NP-SBJ *) (VP offering (NP it) (PP-DTV to (NP small investors))))))) .)) (TOP (S (NP-SBJ The sad reality) (VP is (SBAR-PRD that (S (NP-SBJ-1 the retail investor) (VP continues (S (NP-SBJ-2 *-1) (VP to (VP pursue (NP stellar performers) (ADVP-TMP first) , (SBAR-ADV-3 while (S (NP-SBJ *-2) (VP leaving (S (NP-SBJ institutions) (VP to (VP grapple (PP-CLR with (NP (NP basis points) (PP of (NP performance)) (PP on (NP (NP large sums) (PP of (NP money)))))) (NP-TMP (NP quarter) (PP by (NP quarter)))))))))))) (SBAR-ADV *PPA*-3))))) .)) (TOP (S (NP-SBJ Cost-effective index funds) (ADVP just) (VP are n't (ADJP-PRD (ADJP sexy enough) (S (NP-SBJ *) (VP to (VP justify (NP (NP the high fees and commissions) (SBAR (SBAR (WHNP-1 that) (S (NP-SBJ retail customers) (ADVP-TMP frequently) (VP pay (NP *T*-1)))) , and (SBAR (WHNP-2 that) (S (NP-SBJ-3 institutional customers) (VP refuse (S (NP-SBJ *-3) (VP to (VP pay (NP *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ-1 Each new trading roadblock) (VP is (ADJP-PRD likely (S (NP-SBJ-82 *-1) (VP to (VP be (VP beaten (NP *-82) (PP by (NP-LGS (NP institutions) (VP seeking (NP (NP better ways) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP serve (NP their high-volume clients) (ADVP-MNR *T*-2) , (ADVP-LOC here or overseas))))))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Legislating (NP new trading inefficiencies))) (VP will (ADVP only) (VP make (S (NP-SBJ things) (ADJP-PRD harder (PP on (NP the (ADJP least sophisticated) investors)))))) .)) (TOP (SBARQ So (WHNP-78 what) (SQ (NP-SBJ *T*-78) (VP is (ADJP-PRD next) (PP for (NP program trading)))) ?)) (TOP (S (S-ADV (NP-SBJ-3 *-1) (VP Left (NP *-3) (PP-CLR to (NP its own devices)))) , (NP-SBJ-1 index arbitrage) (VP will (VP become (ADJP-PRD (ADVP more and more) efficient) , (S-ADV (NP-SBJ *-1) (VP making (S (NP-SBJ it) (ADJP-PRD harder and harder (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-2) (ADVP-MNR profitably))))))))))) .)) (TOP (S (S (NP-SBJ Spreads) (VP will (VP become (ADJP-PRD (ADJP so tight) (SBAR that (S (NP-SBJ it) (VP wo n't (VP matter (SBAR (WHNP-79 which market) (S (NP-SBJ an investor) (VP chooses (NP *T*-79)))))))))))) -- (S (NP-SBJ arbitrage) (VP will (VP prevent (NP-1 him) (PP from (S-NOM (NP-SBJ *-1) (VP gaining (NP any temporary profit))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ (UCP government or private) watchdogs) (VP insist , (ADVP however) , (PP-CLR on (S-NOM (NP-SBJ *) (VP introducing (NP (NP greater friction) (PP between (NP the markets)) (PRN -LRB- (NP (NP (NP limits) (PP on (NP price moves))) , (NP two-tiered execution) , (NP higher margin requirements) , (NP taxation) , etc.) -RRB-) ))))))) , (NP-SBJ the end loser) (VP will (VP be (NP-PRD (NP the markets) (NP themselves)))) .)) (TOP (S (ADVP Instead) , (NP-SBJ-1 we) (VP ought (S (NP-SBJ *-1) (VP to (VP be (VP inviting (NP more liquidity) (PP with (NP (NP cheaper ways) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP trade and transfer (NP capital) (PP-LOC among (NP all participants)) (ADVP-MNR *T*-2)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Allen 's) Pittsburgh firm) , (NP Advanced Investment Management Inc.) ,) (VP executes (NP program trades) (PP-CLR for (NP institutions))) .)) (TOP (S (NP-SBJ (NP Some Democrats) (PP-LOC in (NP Congress))) (VP are (VP warning (SBAR that (S (NP-SBJ (NP a complicated new funding device) (PP for (NP the two federal antitrust agencies))) (VP could (VP result (PP-CLR in (NP (NP further cutbacks) (PP-LOC in (NP (NP a regulatory area) (VP (ADVP already) reduced (ADVP-MNR sharply) (PP-TMP in (NP recent years))))))))))))) .)) (TOP (S (NP-SBJ (NP The funding mechanism) , (SBAR (WHNP-80 which) (S (NP-SBJ-1 *T*-80) (VP (VP has (VP received (NP congressional approval))) and (VP is (VP expected (S (NP-SBJ-83 *-1) (VP to (VP be (VP signed (NP *-83) (PP by (NP-LGS President Bush))))))))))) ,) (VP would (VP affect (NP (NP the antitrust operations) (PP of (NP (NP the Justice Department) and (NP the Federal Trade Commission)))))) .)) (TOP (S (PP As (NP (NP a part) (PP of (NP overall efforts (S (NP-SBJ *) (VP to (VP reduce (NP spending)))))))) , (NP-SBJ Congress) (VP cut (PP by (NP (QP $ 30 million) *U*)) (NP (NP (NP the Bush administration 's) request) (PP for (NP (NP antitrust enforcement) (PP for (NP (NP fiscal 1990) , (SBAR (WHNP-81 which) (S (NP-SBJ *T*-81) (VP began (NP-TMP-CLR Oct. 1)))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP offset (NP the reduction)))) , (NP-SBJ-1 Congress) (VP approved (NP (NP a (ADJP $ 20,000 *U*) fee) (SBAR (WHNP-2 that) (S (NP-SBJ-3 investors and companies) (VP will (VP have (S (NP-SBJ *-3) (VP to (VP pay (NP *T*-2) (NP-TMP (NP each time) (SBAR (WHADVP-4 0) (S (NP-SBJ they) (VP make (NP (NP required filings) (PP to (NP antitrust regulators)) (PP about (NP (NP mergers) , (NP acquisitions) and (NP certain other transactions)))) (ADVP-TMP *T*-4)))))))))))))) .)) (TOP (S (NP-SBJ (NP Some Democrats) , (VP led (NP *) (PP by (NP-LGS (NP Rep. Jack Brooks) (PRN -LRB- (NP (NP D.) , (NP-LOC Texas)) -RRB-)))) ,) (ADVP-MNR unsuccessfully) (VP opposed (NP the measure) (SBAR-PRP because (S (NP-SBJ they) (VP fear (SBAR that (S (NP-SBJ the fees) (VP may not (ADVP fully) (VP make (PRT up) (PP-CLR for (NP the budget cuts)))))))))) .)) (TOP (S But (NP-SBJ Justice Department and FTC officials) (VP said (SBAR 0 (S (NP-SBJ they) (VP expect (S (NP-SBJ the filing fees) (VP to (VP (VP make (PRT up) (PP-CLR for (NP the budget reductions))) and (VP (ADVP possibly) exceed (NP them))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 It) (VP could (VP operate (S (NP-SBJ *-1) (VP to (VP augment (NP our budget))))))) , '' (NP-SBJ (NP James Rill) , (NP (NP the Justice Department 's) antitrust chief) ,) (VP said (S *T*-2) (PP-LOC in (NP an interview))) .)) (TOP (S (PP-LOC Under (NP (NP measures) (VP approved (NP *) (PP by (NP-LGS (NP both houses) (PP of (NP Congress))))))) , (NP-SBJ-84 (NP (NP the administration 's) request) (PP for (NP (NP (QP $ 47 million) *U*) (PP for (NP the Antitrust Division))))) (VP would (VP be (VP cut (NP *-84) (NP-ADV (QP $ 15 million) *U*)))) .)) (TOP (S (NP-SBJ-85 (NP The FTC budget request) (PP of (NP (QP $ 70 million) *U*)) , (SBAR (WHNP-1 (WHNP (QP about $ 34 million) *U*) (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP would (VP go (PP-CLR for (NP antitrust enforcement)))))) ,) (VP would (ADVP also) (VP be (VP cut (NP *-85) (PP-EXT by (NP (QP $ 15 million) *U*))))) .)) (TOP (S (NP-SBJ The administration) (VP had (VP requested (NP (NP roughly the same amount) (PP for (NP antitrust enforcement)) (PP for (NP fiscal 1990)) (SBAR-ADV as (S (NP-SBJ-1 *) (VP was (VP appropriated (NP *-1) (PP-TMP in (NP fiscal 1989))))))))) .)) (TOP (S (NP-SBJ The offsetting fees) (VP would (VP apply (PP-CLR to (NP (NP filings) (VP made (NP *) (PP-LOC under (NP the Hart-Scott-Rodino Act))))))) .)) (TOP (S (PP-LOC Under (NP that law)) , (NP-SBJ-1 (NP parties) (VP proposing (NP (NP mergers or acquisitions) (VP valued (NP *) (PP-CLR at (NP (QP $ 15 million) *U* (QP or more))))))) (VP must (VP notify (NP FTC and Justice Department antitrust regulators) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP completing (NP the transactions)))))) .)) (TOP (S (ADVP-TMP Currently) , (NP-SBJ the government) (VP charges (NP nothing) (PP-CLR for (NP such filings))) .)) (TOP (S (NP-SBJ (NP Proponents) (PP of (NP the funding arrangement))) (VP predict (SBAR that , (S (PP based on (NP (NP recent filing levels) (PP of (NP (NP (QP more than 2,000)) (NP-ADV a year))))) , (NP-SBJ the fees) (VP will (VP yield (NP (NP (QP at least $ 40 million) *U*) (NP *ICH*-1)) (NP-TMP this fiscal year) , or (NP-1 (NP (ADJP (QP $ 10 million) *U*) more) (PP than (NP the budget cuts)))))))) .)) (TOP (S `` (S-TPC-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ you) (VP do (NP that) (ADVP-TMP *T*-1)))) , (S (NP-SBJ there) (VP is not (NP-PRD a cut))) , but (S (NP-SBJ there) (VP is (PP in (NP fact)) (NP-PRD (NP a program increase) (PP of (NP (NP (QP $ 5 million) *U*) '' (ADVP each))) (PP for (NP (NP the FTC) and (NP the Justice Department))))))) , (NP-SBJ (NP Rep. Neal Smith) (PRN -LRB- (NP (NP D.) , (NP-LOC Iowa)) -RRB-)) (VP said (SBAR 0 (S *T*-2)) (PP-TMP during (NP House debate))) .)) (TOP (S But (NP-SBJ (NP Rep. Don Edwards) (PRN -LRB- (NP (NP D.) , (NP-LOC Calif) .) -RRB-)) (VP responded (SBAR that (S (NP-SBJ-1 a recession) (VP could (VP stifle (NP merger activity) , (S-ADV (NP-SBJ *-1) (VP reducing (NP (NP the amount) (PP of (NP fees)) (VP collected (NP *)))))))))) .)) (TOP (S (S (NP-SBJ-87 (NP The antitrust staffs) (PP of (NP both the FTC and Justice Department))) (VP were (VP cut (NP *-87) (NP-EXT (QP more than 40) %) (PP-TMP in (NP the Reagan administration))))) , and (S (NP-SBJ (NP enforcement) (PP of (NP major merger cases))) (VP fell (PRT off) (ADVP-MNR drastically) (PP-TMP during (NP that period)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Today) (VP is not (NP-PRD (NP the time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP signal (SBAR that (S (NP-SBJ Congress) (PP in (NP any way)) (VP sanctions (NP (NP the dismal state) (SBAR (WHPP-3 into (WHNP which)) (S (NP-SBJ antitrust enforcement) (VP has (VP fallen (PP-DIR *T*-3))))))))) (ADVP-TMP *T*-2)))))))) , '' (NP-SBJ Mr. Edwards) (VP argued (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Any money) (PP in (NP (NP excess) (PP of (NP (QP $ 40 million) *U*)))) (VP collected (NP *) (PP-DIR from (NP the fees)) (PP-TMP in (NP fiscal 1990)))) (VP would (VP go (PP-DIR to (NP (NP the Treasury) (PP at (NP large)))))) .)) (TOP (S (NP-SBJ Corporate lawyers) (VP said (SBAR 0 (S (NP-SBJ the new fees) (VP would n't (VP inhibit (NP many (NX (NX mergers) or (NX other transactions)))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ some lawyers) (VP reported (SBAR that (S (NP-SBJ-1 prospective acquirers) (VP were (VP scrambling (S (NP-SBJ *-1) (VP to (VP make (NP filings) (SBAR-TMP before (S (NP-SBJ the fees) (VP take (NP-CLR effect)))))))))))))) , (NP-SBJ government officials) (VP said (SBAR 0 (S (NP-SBJ they) (VP had n't (VP noticed (NP (NP any surge) (PP in (NP filings)))))))) .)) (TOP (S (NP-SBJ FALL BALLOT ISSUES) (VP set (NP (NP a record) (PP for (NP off-year elections)))) .)) (TOP (S (NP-SBJ Odd-year elections) (VP attract (NP (ADJP relatively few) ballot issues)) .)) (TOP (SINV (S-TPC-1 But (NP-SBJ (NP the 1989 fall total) (PP of (NP 80))) , (SBAR-ADV while (FRAG (PP (ADVP well) below (NP 1988 activity)))) , (VP shows `` (NP (NP a steady ratcheting) (ADVP up) (PP in (NP citizen referenda and initiatives))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Patrick McGuigan) , (NP (NP editor) (PP of (NP Family , Law and Democracy Report)))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ (NP the 10 citizen-sparked issues) (PP-LOC on (NP state ballots)) (NP-TMP this fall)) (VP represent (NP (NP the most) (PP-TMP in (NP (NP any odd-year) (NP this decade)))))))) .)) (TOP (S (NP-SBJ Ballot questions) (VP range (PP-CLR (PP from (NP (NP a Maine initiative) (PP on (S-NOM (NP-SBJ *) (VP banning (NP Cruise missiles)))))) (PP to (NP (NP a referendum) (PP on (S-NOM (NP-SBJ *) (VP increasing (NP the North Dakota income tax)))))))) .)) (TOP (S (NP-SBJ Ballot watchers) (VP say (SBAR 0 (S (NP-SBJ-1 attention) (ADVP-TMP already) (VP is (VP focused (NP *-1) (PP-CLR on (NP the 1990 elections))))))) .)) (TOP (SINV (S-TPC-1 (PP-LOC In (NP California)) , (NP-SBJ (NP two petition drives) (PP for (NP (NP next year 's) election))) (VP are `` (ADJP-PRD essentially finished))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP David Schmidt) , (NP (NP author) (PP of `` (NP Citizen Lawmakers)))) . '')) (TOP (S (NP-SBJ Mr. McGuigan) (VP cites (NP (NP three completed efforts) (PP-LOC in (NP Oklahoma)))) .)) (TOP (S (NP-SBJ-1 Hot ballot topics) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP abortion) , (NP the environment) and (NP insurance reform))))))) .)) (TOP (SINV (S-TPC-2 (S-ADV (NP-SBJ *-1) (VP Taking (NP a cue) (PP-CLR from (NP California)))) , (NP-SBJ-1 more politicians) (VP will (VP launch (NP their campaigns) (PP by (S-NOM (NP-SBJ *-1) (VP backing (NP initiatives))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP David Magleby) (PP of (NP Brigham Young University))) .)) (TOP (S (NP-SBJ PHOTOGRAPH COLLECTING) (VP gains (NP new stature) (SBAR-ADV as (S (NP-SBJ prices) (VP rise)))) .)) (TOP (S (NP-SBJ Price records) (VP are (VP being (VP set (PP-LOC at (NP auctions)) (NP-TMP this week)))) .)) (TOP (S (PP-LOC At (NP Christie 's)) , (NP-SBJ (NP a folio) (PP of (NP (NP 21 prints) (PP from (NP (NP Alfred Stieglitz 's) `` Equivalents '' series))))) (VP sold (PP-CLR for (NP (NP $ 396,000 *U*) , (NP a single-lot record)))) .)) (TOP (S (NP-SBJ Other works) (ADVP also) (VP have (VP been (VP exceeding (NP price estimates)))) .)) (TOP (S (PP In (NP part)) , (NP-SBJ prices) (VP reflect (NP (NP development) (PP of (NP (NP a market structure) (VP based (NP *) (PP-CLR on (NP (NP such variables) (PP as (NP (NP the number) (PP of (NP prints))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 This information) (VP used (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD (ADJP poorly documented) and (ADJP largely anecdotal))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Beth Gates-Warren) (PP of (NP Sotheby 's))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP is (ADVP finally) (NP-PRD (NP some sort) (PP of (NP sense))) (PP-LOC in (NP the market)))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Corporations and museums) (VP are (PP-PRD among (NP the serious buyers)) , (S-ADV (NP-SBJ *) (VP giving (NP greater market stability))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Robert Persky) (PP of (NP the Photograph Collector))) .)) (TOP (S `` (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ I) (VP see (S (NP-SBJ prints) (VP going (PP-DIR into (NP (NP the hands) (PP of (NP institutions)))))) (ADVP-TMP *T*-1)))) , (NP-SBJ I) (VP know (SBAR 0 (S (NP-SBJ-2 they) (VP are n't (VP going (S (NP-SBJ *-2) (VP to (VP come (ADVP back) (PP-LOC on (NP the market)))))))))) . '')) (TOP (FRAG (PP (ADVP Most) in (NP demand)) : (NP (NP classic photographs) (PP by (NP (NP masters) (PP such as (NP (NP Stieglitz) and (NP Man Ray)))))) .)) (TOP (SINV (S-TPC-1 But (NP-SBJ much contemporary work) (VP is (ADVP also) (VP fetching `` (NP (NP a great deal) (PP of (NP money)))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Miles Barth) (PP of (NP (NP the International Center) (PP of (NP Photography))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP DIALING (NP 900))) (VP brings (NP callers) (NP (NP a growing number) (PP of (NP services)))) .)) (TOP (SINV (S-TPC-2 (S-ADV (NP-SBJ *-1) (ADVP-TMP Currently) (NP-PRD a (ADJP $ 300 million-a-year) business)) , (NP-SBJ-1 900 telephone service) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP (VP hit (NP (QP $ 500 million) *U*) (NP-TMP next year)) and (VP near (NP (QP $ 2 billion) *U*) (PP-TMP by (NP 1992)))))) (SBAR-ADV as (S (NP-SBJ-3 (NP uses) (PP for (NP the service))) (VP continue (S (NP-SBJ *-3) (VP to (VP expand))))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Joel Gross) (PP of (NP Donaldson , Lufkin & Jenrette Inc))) .)) (TOP (S (NP-SBJ-1 (NP The service) -- (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP costs (NP the caller) (NP (NP (QP from 30 cents to $ 25 ) *U*) (NP-ADV a minute))))) --) (ADVP-TMP currently) (VP is (VP dominated (NP *-1) (PP by (NP-LGS (NP celebrity chatter) , (NP horoscopes) and (NP romance lines))))) .)) (TOP (S But (S (NP-SBJ more serious applications) (VP are (PP-PRD in (NP the wings)))) , and (S (NP-SBJ that) (VP is (SBAR-PRD (WHADVP-2 where) (S (NP-SBJ-1 the future growth) (VP is (VP expected (NP *-1) (ADVP-LOC *T*-2))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 I) (VP 'm (VP starting (S (NP-SBJ *-1) (VP to (VP see (NP more business transactions))))))) , '' (VP says (S *T*-2)) (NP-SBJ-3 (NP Andrea West) (PP of (NP American Telephone & Telegraph Co.))) , (S-ADV (NP-SBJ *-3) (VP noting (NP (NP growing interest) (PP in (NP (NP use) (PP of (NP 900 service)) (PP for (NP (NP stock sales) , (NP software tutorials) and (NP even service contracts)))))))) .)) (TOP (S-1 (NP-SBJ Colleges) (PRN , (S (NP-SBJ she) (VP says (SBAR 0 (S *T*-1)))) ,) (VP are (VP eyeing (NP (NP registration) (PP through (NP 900 service))))) .)) (TOP (S (S (NP-SBJ Charities) (VP test (NP the waters))) , but (S (NP-SBJ they) (VP face (NP (NP legal barriers) (PP to (NP electronic fund raising))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP The thing) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (ADVP really) (VP break (NP this market) (ADVP-CLR right open)))))) (VP is (NP-PRD merchandising))) , '' (NP-SBJ Ms. West) (VP says (S *T*-2)) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Much) (PP of (NP the 800 service))) (VP will `` (VP migrate (PP-DIR to (NP 900))))) , '' (VP predicts (S *T*-1)) (NP-SBJ (NP Jack Lawless) , (NP (NP general manager) (PP of (NP (NP US Sprint 's) 900 product)))) .)) (TOP (S (NP-SBJ FAMILY PETS) (VP are (VP improving (NP (NP recovery rates) (PP of (NP patients))) (PP-LOC at (NP (NP Columbia Hospital) , (NP Milwaukee))))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ-2 (NP Patients) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP receive (NP canine or feline visitors))))) (VP are (VP found (S (NP-SBJ *-2) (VP to (VP (VP have (NP (NP lower blood pressure) and (NP improved appetite))) and (VP be (ADJP-PRD (ADJP more receptive) (PP to (NP therapy)))))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Mary Ann O'Loughlin) , (NP program coordinator)) .)) (TOP (SQ (FRAG (ADJP TIRED (PP OF (S-NOM (NP-SBJ *) (VP TRIMMING)))) ?))) (TOP (S (NP-SBJ Hammacher Schlemmer & Co.) (VP offers (NP (NP a fiber-optic Christmas tree) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP eliminates (NP the need (S (NP-SBJ *) (VP to (VP string (NP lights)))))))))) .)) (TOP (S (NP-SBJ-1 The (ADJP $ 6,500 *U*) tree) (VP is (VP designed (S (NP-SBJ *-1) (VP to (VP send (NP (ADJP continuously changing) colored light) (PP-DTV to (NP (NP dozens) (PP of (NP fiber-end bunches))))))))) .)) (TOP (FRAG-HLN (NP MEDICINE TRANSPLANT) : (S (NP-SBJ (NP Growth) (PP of (NP Japanese trade and travel))) (VP prompts (S (NP-SBJ (NP Beth Israel Medical Center) , (NP-LOC New York) ,) (VP to (VP set (PRT up) (NP a bilingual medical practice)))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Funded (NP *-2) (PP by (NP-LGS (NP a (ADJP (QP $ 1 million) *U*) gift) (PP from (NP Tokio Marine & Fire Insurance)))))) , (NP-SBJ-1 the service) (VP will (VP follow (NP (NP Japanese medical protocols) , (PP including (NP (NP emphasis) (PP on (NP preventative medicine))))))) .)) (TOP (S (NP-SBJ DIAPER SERVICES) (VP make (NP a comeback) (PP-LOC amid (NP growing environmental concerns))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Concerned (PP-CLR about (NP (NP shrinking landfills) and (NP (NP the safety) (PP of (NP (NP chemicals) (VP used (NP *) (PP-LOC in (NP super-absorbent disposables)))))))))) , (NP-SBJ-1 parents) (VP are (VP returning (PP-DIR to (NP the cloth diaper)))) .)) (TOP (S (NP-SBJ (NP Tiny Tots Inc.) , (NP-LOC (NP Campbell) , (NP Calif.)) ,) (VP says (SBAR 0 (S (NP-SBJ business) (VP is (ADVP-PRD up (NP 35 %)) (PP-TMP in (NP the past year)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're (VP gaining (NP 1,200 new customers) (NP-TMP each week)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Jack Mogavero) (PP of (NP (NP General Health Care Corp.) , (NP-LOC (NP Piscataway) , (NP N.J))))) .)) (TOP (S (PP-LOC In (NP (NP Syracuse) , (NP N.Y.) ,)) (NP-SBJ (NP DyDee Service 's) new marketing push) (VP stresses (NP environmental awareness)) .)) (TOP (FRAG (PP Among (NP its new customers)) : (NP (NP day-care centers) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP previously) (VP spurned (NP the service))))) .)) (TOP (S (NP-SBJ (NP The National Association) (PP of (NP Diaper Services)) , (NP-LOC Philadelphia) ,) (VP says (SBAR that (S (PP-TMP since (NP January)) (NP-SBJ it) (VP has (VP gotten (NP (QP more than 672) inquiries) (PP from (NP (NP people) (ADJP interested (PP in (S-NOM (NP-SBJ *) (VP starting (NP diaper services)))))))))))) .)) (TOP (S (NP-SBJ Elisa Hollis) (VP launched (NP a diaper service) (NP-TMP last year) (SBAR-PRP because (S (NP-SBJ (NP-LOC (NP State College) , (NP Pa.) ,) (SBAR (WHADVP-1 where) (S (NP-SBJ she) (VP lives (ADVP-LOC-CLR *T*-1)))) ,) (VP did n't (VP have (NP one)))))) .)) (TOP (S (NP-SBJ (NP Diaper shortages) (NP-TMP this summer)) (VP limited (NP (NP growth) (PP-LOC at (NP (NP Stork Diaper Services) , (NP-LOC (NP Springfield) , (NP Mass.) ,) (SBAR (WHADVP-1 where) (S (NP-SBJ business) (VP is (ADVP-PRD up (NP 25 %)) (PP in) (ADVP-LOC *T*-1)))))))))) (TOP (FRAG (S-ADV (NP-SBJ *) (ADVP Also) (VP spurring (NP (NP the move) (PP to (NP cloth))))) : (NP (NP diaper covers) (PP with (NP Velcro fasteners)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP eliminate (NP (NP the need) (PP for (NP safety pins))))))) .)) (TOP (NP-HLN BRIEFS :)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Only 57.6 %) (PP of (NP New Yorkers))) (VP watch (NP the local news) , (NP-ADV (NP the lowest viewership) (PP-LOC in (NP the country))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP a new study) (PP by (NP (NP Impact Resources Inc.) , (NP-LOC (NP Columbus) , (NP Ohio))))) ... .)) (TOP (S (NP-SBJ-1 (NP FreudToy) , (NP (NP a pillow) (VP bearing (NP (NP the likeness) (PP of (NP Sigmund Freud))))) ,) (VP is (VP marketed (NP *-1) (PP-CLR as (NP (NP a (ADJP $ 24.95 *U*) tool) (PP for (NP do-it-yourself analysis)))))) .)) (TOP (S-1 (S (NP-SBJ Program trading) (VP is `` (NP-PRD a racket))) (PRN , '' (SINV (VP complains (SBAR 0 (S *T*-1))) (NP-SBJ (NP Edward Egnuss) , (NP a (NAC-LOC White Plains , N.Y.) , investor and electronics sales executive))) ,) `` and (S (S (NP-SBJ it) (VP 's not (PP-PRD to (NP (NP the benefit) (PP of (NP the small investor)))))) , (S (NP-SBJ that) (VP 's (PP-PRD for (ADJP sure))))) . '')) (TOP (S But (SBAR-ADV although (S (NP-SBJ he) (VP thinks (SBAR that (S (NP-SBJ it) (VP is (VP hurting (NP him)))))))) , (NP-SBJ he) (VP doubts (SBAR 0 (S (NP-SBJ-1 it) (VP could (VP be (VP stopped (NP *-1))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Mr. Egnuss 's) dislike) (PP of (NP program trading))) (VP is (VP echoed (NP *-1) (PP by (NP-LGS (NP many small investors) (VP interviewed (NP *) (PP by (NP-LGS (NP Wall Street Journal reporters) (PP-LOC across (NP the country))))))))) .)) (TOP (S But (PP like (NP Mr. Egnuss)) , (S (NP-SBJ few) (VP expect (S (NP-SBJ-1 it) (VP to (VP be (VP halted (NP *-1) (ADVP entirely))))))) , and (S (NP-SBJ a surprising number) (VP doubt (SBAR 0 (S (NP-SBJ it) (VP should (VP be (VP *?*))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ program trading) (VP is (ADJP-PRD basically unfair (PP to (NP the individual investor)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Leo Fields) , (NP a Dallas investor)) .)) (TOP (S (NP-SBJ He) (VP notes (SBAR (SBAR that (S (NP-SBJ program traders) (VP have (NP a commission cost advantage) (PP-PRP because of (NP (NP the quantity) (PP of (NP their trades))))))) , (SBAR that (S (NP-SBJ they) (VP have (NP (NP a smaller margin requirement) (SBAR than (S (NP-SBJ individual investors) (VP do))))))) and (SBAR that (S (NP-SBJ they) (ADVP-TMP often) (VP can (VP figure (PRT out) (ADVP-TMP earlier) (SBAR-CLR (WHADVP-1 where) (S (NP-SBJ the market) (VP is (VP heading (ADVP-DIR *T*-1))))))))))) .)) (TOP (S But (NP-SBJ he) (VP blames (NP program trading) (PP-CLR for (NP (NP only some) (PP of (NP (NP the market 's) volatility))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP (VP considers (S (NP-SBJ the market) (ADJP-PRD overvalued))) and (VP cites (NP (NP the troubles) (PP-LOC in (NP junk bonds))))) .)) (TOP (S (NP-SBJ He) (VP adds : `` (S (NP-SBJ The market) (VP may (VP be (VP giving (NP us) (NP another message , (SBAR that (S (NP-SBJ a recession) (VP is (VP looming)))))))))) . '')) (TOP (S Or , (SBAR-ADV as (S (NP-SBJ (NP Dorothy Arighi) , (NP (NP an interior decorator) (PP-LOC in (NP (NP Arnold) , (NP Calif.)))) ,) (VP puts (NP it)))) : `` (NP-SBJ (NP All kinds) (PP of (NP funny things))) (VP spook (NP the market) (NP-TMP these days)) . '')) (TOP (S But (NP-SBJ she) (VP believes (SBAR that `` (S (NP-SBJ program trading) (VP creates (NP deviant swings))))) .)) (TOP (S (S (NP-SBJ It) (VP 's not (NP-PRD a sound thing))) ; (S (NP-SBJ there) (VP 's (NP-PRD no inherent virtue) (PP-LOC in (NP it)))) . '')) (TOP (S (NP-SBJ She) (VP adds (SBAR that (S (NP-SBJ (NP legislation) (VP curbing (NP it))) (VP would (VP be `` (NP-PRD a darned good idea)))))) . '')) (TOP (S (PP-LOC At (NP (NP the Charles Schwab & Co. office) (PP-LOC in (NP (NP Atlanta 's) Buckhead district)))) , (NP-SBJ (NP a group) (PP of (NP investors))) (VP voices (NP skepticism (SBAR that (S (NP-SBJ federal officials) (VP would (VP curb (NP program trading))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Citing (NP the October 1987 crash))) , (NP-SBJ-1 Glenn Miller) (VP says , `` (S (S (NP-SBJ It) (VP 's (PP-PRD like (NP the last crash)))) -- (S (S (NP-SBJ they) (VP threatened)) , but (S (NP-SBJ no one) (VP did (NP anything)))))) . '')) (TOP (S (NP-SBJ (NP A. Donald Anderson) , (NP (NP a 59-year-old Los Angeles investor) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP says (SBAR 0 (S (NP-SBJ (NP the stock market 's) `` fluctuations and gyrations) (VP give (NP me) (NP the heebie-jeebies)))))))) , '') (VP does n't (VP see (NP much point) (PP-CLR in (S-NOM (NP-SBJ *) (VP outlawing (NP program trading)))))) .)) (TOP (S (NP-SBJ (NP Those) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (ADVP still) (VP want (S (NP-SBJ *-2) (VP to (VP do (NP it)))))))) `` (VP will (ADVP just) (VP find (NP (NP some way) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP get (PP around '' (NP any attempt (S (NP-SBJ *) (VP to (VP curb (NP it)))))) (ADVP-MNR *T*-3)))))))) .)) (TOP (S (ADVP Similarly) , (NP-SBJ-1 (NP Rick Wamre) , (NP (NP a 31-year-old asset manager) (PP for (NP a Dallas real-estate firm))) ,) (VP would (VP like (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ program trading) (VP disappear))))) (SBAR-PRP because `` (S (NP-SBJ I) (VP ca n't (VP see (SBAR that (S (NP-SBJ it) (VP does (NP anything) (PP for (NP (NP the market) or (NP the country)))))))))))) . '')) (TOP (S (ADVP Yet) (NP-SBJ he) (VP is n't (PP-PRD in (NP (NP favor) (PP of (NP new legislation))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ we) (VP 've (VP got (NP enough securities laws))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP 'd (ADVP much rather) (VP see (S (NP-SBJ them) (VP dealing (PP with (NP (NP interest rates) and (NP the deficit))))))) . '')) (TOP (S (S (NP-SBJ (NP Peter Anthony) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP (NP an employment agency) (PP-LOC in (NP New York)))))) ,) (VP decries (NP program trading) (PP-CLR as `` (S-NOM (NP-SBJ *) (VP limiting (NP the game) (PP-CLR to (NP a few))))))) , '' but (S (NP-SBJ he) (ADVP also) (VP is n't (ADJP-PRD sure (SBAR 0 (S (NP-SBJ-2 it) (VP should (VP be (ADVP-MNR more strictly) (VP regulated (NP *-2))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 I) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP denounce (NP it)))) (SBAR-PRP because (S (S-NOM-SBJ (NP-SBJ *) (VP denouncing (NP it))) (VP would (VP be (PP-PRD like (S-NOM (NP-SBJ *) (VP denouncing (NP capitalism))))))))))) , '' (NP-SBJ he) (VP explains (S *T*-2)) .)) (TOP (S And (NP-SBJ-1 (NP surprising numbers) (PP of (NP small investors))) (VP (VP seem (S (NP-SBJ *-1) (VP to (VP be (VP adapting (PP-CLR to (NP greater stock market volatility))))))) and (VP say (SBAR 0 (S (NP-SBJ they) (VP can (VP live (PP-CLR with (NP program trading)))))))) .)) (TOP (S (NP-SBJ (NP Glenn Britta) , (NP (NP a 25-year-old New York financial analyst) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP plays (NP options) (PP for (NP his personal account)))))) ,) (VP says (SBAR 0 (S (NP-SBJ he) (VP is (VP `` factoring '' (NP (NP the market 's) volatility) `` (PP-CLR into (NP investment decisions))))))) . '')) (TOP (S (NP-SBJ He) (VP adds (SBAR that (S (NP-SBJ program trading) `` (VP increases (NP (NP liquidity) (PP-LOC in (NP the market))))))) .)) (TOP (S (NP-SBJ You) (VP ca n't (VP hold (PRT back) (NP technology))) . '')) (TOP (S-2 And (NP-SBJ-1 the practice) (VP should n't (VP be (VP stopped (NP *-1) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) ,) (SBAR-PRP because `` (S (NP-SBJ even big players) (VP are n't (ADJP-PRD immune (PP to (NP (NP the rigors) (PP of (NP program trading))))))))))) . '')) (TOP (S (S-ADV (NP-SBJ *-2) (ADVP Also) (PP-PRD in (NP New York))) , (NP-SBJ-2 (NP Israel Silverman) , (NP an insurance-company lawyer) ,) (VP comments (SBAR that (S (S (NP-SBJ program trading) `` (VP increases (NP volatility))) , but (S (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ-1 it) (VP should (VP be (VP banned (NP *-1)))))))))))) .)) (TOP (S (NP-SBJ There) (VP 's (NP-PRD no culprit) (ADVP-LOC here)) .)) (TOP (S (NP-SBJ The market) (VP is (ADVP just) (VP becoming (ADJP-PRD more efficient))) . '')) (TOP (S (S-TPC-1 (S-NOM-SBJ (NP-SBJ *) (VP Arbitraging (PP-CLR on (NP (NP differences) (PP between (NP spot and futures prices)))))) (VP is (NP-PRD (NP an important part) (PP of (NP many financial markets))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP adds (SBAR that (S (S (NP-SBJ-1 (NP his shares) (PP in (NP a company savings plan))) (VP are (VP invested (NP *-1) (PP-CLR in (NP a mutual fund))))) , and (S (NP-SBJ volatility) , (PP-TMP on (NP a given day)) , (VP may (VP hurt (NP the fund))))))) .)) (TOP (S But `` (S-TPC-1 (NP-SBJ I) (VP 'm (NP-PRD a long-term investor))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ you) (VP were (NP-PRD a short-term investor)))) , (NP-SBJ you) (VP might (VP be (ADJP-PRD (ADJP more leery) (PP about (NP program trading))))) . '')) (TOP (S (NP-SBJ (NP Jim Enzor) (PP of (NP Atlanta))) (VP defends (NP program trading) (SBAR-PRP because (S (NP-SBJ he) (VP believes (SBAR that (S (NP-SBJ it) (VP can (VP bring (NP the market) (ADVP-DIR back up) (PP-TMP after (NP a plunge)))))))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ we) (VP have (NP a (ADJP real bad) day)))) , (NP-SBJ the program) (VP would (VP say , ` (S (NP-SBJ *) (VP Buy))))) , ' '' (NP-SBJ he) (VP explains (S *T*-1)) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ you) (VP could (VP get (NP (NP the rhythm) (PP of (NP the program trading))))))) , (NP-SBJ you) (VP could (VP take (NP advantage) (PP-CLR of (NP it)))) . '')) (TOP (SBARQ (WHNP-1 What else) (SQ can (NP-SBJ a small investor) (VP do (NP *T*-1))) ?)) (TOP (S (NP-SBJ (NP Scott Taccetta) , (NP a Chicago accountant) ,) (VP is (VP going (PP-CLR into (NP money-market funds)))) .)) (TOP (S (NP-SBJ Mr. Taccetta) (VP says (SBAR 0 (S (NP-SBJ he) (VP had (ADVP just) (VP recouped (NP (NP the $ 5,000 *U*) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP lost (NP *T*-1) (PP-TMP in (NP the 1987 crash)))))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ he) (VP lost (NP more money) (NP-TMP last Oct. 13) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ-1 he) (VP plans (S (NP-SBJ *-1) (VP to (VP sell (NP all his stocks) (PP-TMP by (NP (NP the first quarter) (PP of (NP 1990)))))))) .)) (TOP (S (PP-TMP In (NP October)) , (SBAR-TMP before (S (NP-SBJ the market) (VP dropped))) , (NP-SBJ-1 (NP Mrs. Arighi) (PP of (NP-LOC (NP Arnold) , (NP Calif.) ,))) (VP moved (S (NP-SBJ *-1) (VP to (VP sell (NP (NP the `` speculative stocks '') (PP-LOC in (NP her family trust))) `` (SBAR-PRP so (S (NP-SBJ-2 we) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP withstand (NP (NP all this flim-flammery) '' (VP caused (NP *) (PP by (NP-LGS program trading)))))))))))))))) .)) (TOP (S (NP-SBJ She) (VP believes (SBAR that (S (NP-SBJ (NP the only answer) (PP for (NP individuals))) (VP is (S-PRD (NP-SBJ *) (VP to `` (VP buy (NP (NP stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 'll (VP weather (NP any storm))))))))))))) . '')) (TOP (S (NP-SBJ (NP Lucille Gorman) , (NP an 84-year-old Chicago housewife) ,) (VP has (VP become (ADJP-PRD amazingly immune (PP to (NP stock-market jolts))))) .)) (TOP (S (NP-SBJ-1 Mrs. Gorman) (VP (VP took (NP advantage) (PP-CLR of (NP (NP low prices) (PP-TMP after (NP the 1987 crash)))) (S-PRP (NP-SBJ *-1) (VP to (VP buy (NP stocks))))) and (VP has (VP hunted (PP-CLR for (NP other bargains)) (PP-TMP since (NP the Oct. 13 plunge))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ My stocks) (VP are (NP-PRD all blue chips))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ the market) (VP goes (ADVP-DIR down)))) , (NP-SBJ I) (VP figure (SBAR 0 (S-CLF (NP-SBJ it) (VP 's (NP-PRD paper profits) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP 'm (VP losing (NP *T*-1))))))))) .)) (TOP (S (PP On (NP the other hand)) , (SBAR-ADV if (S (NP-SBJ it) (VP goes (ADVP-DIR way sky high)))) , (NP-SBJ I) (ADVP-TMP always) (VP sell) .)) (TOP (S (NP-SBJ-1 You) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP get (S (NP-SBJ yourself) (ADJP-PRD too upset (PP about (NP these things))))))))) .)) (TOP (S (NP-SBJ (NP (NP Young 's) Market Co.) , (NP (NP a wholesaler) (PP of (NP (NP spirits) , (NP wines) and (NP other goods)))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP merge (PP-CLR with (NP (NP a new corporation) (VP formed (NP *) (PP by (NP-LGS (NP the Underwood family) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP controls (NP Young 's)))))))))))))) .)) (TOP (S (PP Under (NP (NP terms) (PP of (NP the agreement)))) , (NP-SBJ (NP shareholders) (ADJP other (PP than (NP the Underwoods)))) (VP will (VP receive (NP (NP $ 3,500 *U*) (NP-ADV a share)) (PP-TMP at (NP (NP closing) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP expected (NP *-1) (PP-TMP in (NP December)))))))))) .)) (TOP (S (NP-SBJ The Underwood family) (VP said (SBAR that (S (NP-SBJ (NP holders) (PP of (NP (NP more) (PP than (NP (NP a majority) (PP of (NP (NP the stock) (PP of (NP the company))))))))) (VP have (VP approved (NP the transaction) (PP-MNR by (NP written consent))))))) .)) (TOP (S (NP-SBJ (NP Researchers) (PP-LOC at (NP (NP American Telephone & Telegraph Co. 's) Bell Laboratories))) (VP reported (SBAR 0 (S (NP-SBJ-1 they) (VP raised (NP (NP the electrical current-carrying capacity) (PP of (NP new superconductor crystals))) (PP by (NP (NP a factor) (PP of (NP 100)))) , (S-ADV (NP-SBJ *-1) (VP moving (NP the materials) (ADVP-DIR closer (PP to (NP commercial use))))))))) .)) (TOP (S (NP-SBJ The scientists) (VP said (SBAR 0 (S (NP-SBJ-2 they) (VP created (NP (NP small changes) (PP-LOC in (NP (NP the crystal-lattice structures) (PP of (NP the superconductors))))) (S-PRP (NP-SBJ *-2) (VP to (VP raise (NP (NP the amount) (PP of (NP current)) (SBAR (WHNP-1 that) (S (NP-SBJ single crystals) (VP could (VP carry (NP *T*-1)))))) (PP-CLR to (NP (NP 600,000 amps) (PP per (NP square centimeter)) (PP-LOC in (NP a (ADJP moderately strong) magnetic field))))))))))) .)) (TOP (S (NP-SBJ The scientists) (VP said (SBAR 0 (S (NP-SBJ they) (VP made (NP the advance) (PP with (NP (NP yttrium-containing superconductors) (VP cooled (NP *) (PP-CLR to (NP (NP liquid-nitrogen temperature) , or (NP (QP minus 321) degrees Fahrenheit)))))))))) .)) (TOP (S (NP-SBJ Their report) (VP appears (PP-LOC-CLR in (NP (NP (NP today 's) issue) (PP of (NP the journal Nature))))) .)) (TOP (S (NP-SBJ The finding) (VP marks (NP (NP a significant step) (PP-LOC in (NP (NP research) (PP on (NP (NP `` bulk '' superconductors) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP are (VP aimed (NP *-1) (PP-CLR at (NP (NP use) (PP in (NP (NP wires) (PP for (NP (NP motors) , (NP magnets) , (NP generators) and (NP other applications))))))))))))))))) .)) (TOP (S (NP-SBJ-2 Scientists) (VP (VP had (VP obtained (NP (ADJP even higher) current-carrying capacity) (PP-LOC in (NP (NP thin films) (PP of (NP the new superconductors)))))) , but (VP have (VP had (NP problems) (S-CLR (NP-SBJ *-2) (VP increasing (NP (NP the amount) (PP of (NP current)) (SBAR (WHNP-1 that) (S (NP-SBJ bulk crystals) (VP could (VP carry (NP *T*-1))))))))))) .)) (TOP (S (NP-SBJ-3 Superconductors) (VP conduct (NP electricity) (PP-MNR without (NP resistance)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 *-3) (VP cooled (NP *-2) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ (NP A family) (PP of (NP (NP ceramic superconductors) (VP discovered (NP *) (PP-TMP during (NP the past three years)))))) (VP promise (NP (NP new technologies) (PP such as (NP cheaper electrical generation))) -- but (FRAG (SBAR-ADV (ADVP only) if (S (NP-SBJ-1 their current-carrying capacity) (VP can (VP be (VP raised (NP *-1)))))))) .)) (TOP (S (NP-SBJ The AT&T advance) (VP shows (SBAR (WHADVP-2 how) (S (NP-SBJ-1 (NP one aspect) (PP of (NP the current-carrying problem))) (VP can (VP be (VP overcome (NP *-1) (ADVP-MNR *T*-2))))))) .)) (TOP (SINV (S-TPC-1 But `` (NP-SBJ it) (VP wo n't (VP lead (PP-CLR to (NP (NP imminent use '') (PP of (NP new superconductors))))))) , (VP cautioned (SBAR 0 (S *T*-1))) (NP-SBJ (NP Robert B. van Dover) , (NP (NP one) (PP of (NP the AT&T researchers)))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ (NP the current-carrying capacity) (PP of (NP (NP multi-crystal samples) (PP of (NP superconductors))))) (VP remains (ADJP-PRD (ADJP too low) (PP for (NP most practical uses))) (PP-PRP because of (NP (NP so-called weak links) (PP between (NP crystals)))))))) .)) (TOP (S (NP-SBJ-1 Such multi-crystal materials) (VP will (ADVP probably) (VP be (VP needed (NP *-1) (PP-CLR for (NP commercial applications))))) .)) (TOP (S (NP-SBJ Mr. van Dover) (VP said (SBAR 0 (S (NP-SBJ-2 the AT&T team) (VP created (NP the desired crystal changes) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP (VP bombarding (NP superconductor samples) (PP-CLR with (NP neutrons))) , (NP-ADV (NP a process) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP creates (NP (NP some radioactivity) (PP in (NP the samples)))) and (VP may not (VP be (ADJP-PRD feasible (PP for (NP large-scale commercial use)))))))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ scientists) (VP breathed (NP (NP a collective sigh) (PP of (NP relief))) (PP-CLR about (NP the finding)) , (SBAR-PRP because (S (NP-SBJ it) (VP demonstrates (SBAR (WHADVP-2 how) (S (NP-SBJ *) (VP to (VP overcome (NP (NP the `` flux pinning '' problem) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (NP-TMP earlier this year) (VP was (ADVP-MNR widely) (VP publicized (PP-CLR as (S-NOM (NP-SBJ *) (VP undercutting (NP (NP new superconductors ') potential))))))))) (ADVP-MNR *T*-2))))))))) .)) (TOP (S (NP-SBJ The problem) (VP involves (NP (NP the motion) (PP of (NP (NP small magnetic fields) (PP-LOC within (NP superconductor crystals))))) , (S-ADV (NP-SBJ *) (VP limiting (NP their current-carrying capacity)))) .)) (TOP (S (NP-SBJ Mr. van Dover) (VP said (SBAR 0 (S (NP-SBJ (NP the crystal changes) (SBAR (WHNP-1 0) (S (NP-SBJ his team) (VP introduced (NP *T*-1))))) (ADVP apparently) (VP pins (NP the magnetic fields) (PP-LOC-CLR in (NP place)) , (S-ADV (NP-SBJ *) (VP preventing (NP-3 them) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP lowering (NP current-carrying capacity)))))))))) .)) (TOP (S (NP-SBJ Mr. van Dover) (VP added (SBAR that (S (NP-SBJ-2 researchers) (VP are (VP trying (S (NP-SBJ *-2) (VP to (VP determine (ADVP-MNR precisely) (SBAR (WHNP-1 what crystal changes) (S (NP-SBJ *T*-1) (VP solved (NP the problem)))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Determining (NP that))) (VP may (VP enable (S (NP-SBJ them) (VP to (VP develop (NP (NP better ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP introduce (NP the needed crystal-lattice patterns) (ADVP-MNR *T*-1))))))))))) .)) (TOP (S (NP-SBJ-1 The AT&T team) (ADVP also) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP combine (NP their latest superconductor process) (PP with (NP `` (NP melt-textured growth) , '' (NP (NP a process) (VP discovered (NP *) (ADVP-TMP earlier) (PP-LOC at (NP Bell Laboratories))))))))))) .)) (TOP (S (NP-SBJ The combined processes) (VP may (ADVP significantly) (VP raise (NP (NP the current-carrying capacity) (PP of (NP multi-crystal samples))))) .)) (TOP (S (NP-SBJ-1 (NP William C. Walbrecher Jr.) , (NP (NP an executive) (PP-LOC at (NP (NAC-LOC San Francisco-based) 1st Nationwide Bank))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP president) (PP *RNR*-2)) and (NP (NP chief executive officer) (PP *ICH*-2)) (PP-2 of (NP (NP Citadel Holding Corp.) and (NP (NP its principal operating unit) , (NP Fidelity Federal Bank)))))))) .)) (TOP (S (NP-SBJ The appointment) (VP takes (NP effect) (NP-TMP Nov. 13)) .)) (TOP (S (NP-SBJ He) (VP succeeds (NP (NP James A. Taylor) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP stepped (PRT down) (PP-CLR as (NP (NP chairman) , (NP president) and (NP chief executive))) (PP-TMP in (NP March)) (PP-PRP for (NP health reasons))))))) .)) (TOP (S (NP-SBJ Edward L. Kane) (VP succeeded (NP Mr. Taylor) (PP-CLR as (NP chairman))) .)) (TOP (S (ADVP Separately) , (NP-SBJ Citadel) (VP posted (NP (NP (NP a third-quarter net loss) (PP of (NP (NP (QP $ 2.3 million) *U*) , or (NP (NP 68 cents) (NP-ADV a share))))) , (PP versus (NP (NP (NP net income) (PP of (NP (NP (QP $ 5.3 million) *U*) , or (NP (NP $ 1.61 *U*) (NP-ADV a share))))) , (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ The latest results) (VP include (NP (NP some unusual write-downs) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP (NP an after-tax impact) (PP of (NP (QP $ 4.9 million) *U*)))))))) .)) (TOP (S (NP-SBJ Those) (VP included (NP (NP costs) (VP associated (NP *) (PP-CLR with (NP (NP the potential Valley Federal Savings and Loan Association acquisition) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP terminated (NP *-1) (PP-TMP on (NP Sept. 27 , 1989))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 operating results) (VP were (VP hit (NP *-1) (PP by (NP-LGS (NP an increase) (PP-LOC in (NP loan and real estate loss reserves)))))) .)) (TOP (S (PP-LOC In (NP American Stock Exchange composite trading)) , (NP-SBJ Citadel shares) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 45.75 *U*)) , (ADVP-CLR down (NP 25 cents))) .)) (TOP (S (NP-SBJ The following) (VP were (PP-PRD among (NP (NP (NP yesterday 's) offerings and pricings) (PP-LOC in (NP the U.S. and non-U.S. capital markets)) , (PP with (NP terms and syndicate manager)) ,)) (SBAR-ADV as (S (NP-SBJ-1 *) (VP compiled (NP *-1) (PP by (NP-LGS Dow Jones Capital Markets Report)))))) :)) (TOP (NP-HLN International Business Machines Corp. --)) (TOP (NP (NP (NP (QP $ 750 million) *U*) (PP of (NP (ADJP 8 3 %) debentures)) (ADJP due (NP-TMP Nov. 1 , 2019)) , (VP priced (NP *) (PP-CLR at (NP 99)) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 8.467 %)))))) .)) (TOP (S (NP-SBJ-1 The 30-year non-callable issue) (VP was (VP priced (NP *-1) (PP-CLR at (NP (NP a spread) (PP of (NP (NP 57 basis points) (PP above (NP (NP the Treasury 's) (ADJP 8 1 %) bellwether long bond)))))))) .)) (TOP (S (S (NP-SBJ-2 *-1) (VP Rated (S (NP-SBJ *-2) (ADJP-PRD triple-A)) (PP by (NP-LGS both (NP (NP Moody 's) Investors Service Inc.) and (NP (NP Standard & Poor 's) Corp.))))) , (NP-SBJ-1 the issue) (VP will (VP be (VP sold (NP *-1) (PP-MNR through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Salomon Brothers Inc)))))))) .)) (TOP (S (NP-SBJ-1 (NP The size) (PP of (NP the issue))) (VP was (VP increased (NP *-1) (PP from (NP an (ADJP originally planned) (QP $ 500 million) *U*)))) .)) (TOP (NP-HLN Detroit --)) (TOP (NP (NP (QP $ 130 million) *U*) (PP of (NP general obligation distributable state aid bonds)) (ADJP due (NP-TMP 1991-2000 and 2009)) , (VP (ADVP tentatively) priced (NP *) (PP by (NP-LGS a Chemical Securities Inc. group)) (S-CLR (NP-SBJ *) (VP to (VP yield (PP-DIR from (NP (NP 6.20 %) (PP-TMP in (NP 1991)))) (PP-DIR to (NP (NP 7.272 %) (PP-TMP in (NP 2009)))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP $ 81.8 million *U*) (PP of (NP (ADJP 7.20 %) term bonds)) (ADJP due (NP-TMP 2009)) (VP priced (NP *) (PP-CLR at (NP 99 1)) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 7.272 %))))))) .)) (TOP (S (NP-SBJ-1 Serial bonds) (VP are (VP priced (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP yield (PP-DIR from (NP (NP 6.20 %) (PP-TMP in (NP 1991)))) (PP-DIR to (NP (NP 7 %) (PP-TMP in (NP 2000))))))))) .)) (TOP (S (NP-SBJ The bonds) (VP are (ADJP-PRD (ADJP insured) and (ADJP triple-A-rated))) .)) (TOP (NP-HLN (NP Santa Ana Community Redevelopment Agency) , (NP-LOC Calif.) --)) (TOP (NP (NP (QP $ 107 million) *U*) (PP of (NP tax allocation bonds)) , (NP 1989 Series A-D) , (ADJP due (NP-TMP 1991-1999 , 2009 and 2019)) , (VP (ADVP tentatively) priced (NP *) (PP by (NP-LGS a Donaldson Lufkin & Jenrette Securities Corp. group)) (S-CLR (NP-SBJ *) (VP to (VP yield (PP-DIR from (NP (NP 6.40 %) (PP-TMP in (NP 1991)))) (PP-DIR to (NP (NP 7.458 %) (PP-TMP in (NP 2019)))))))) .)) (TOP (S (S (NP-SBJ-1 (NP The (ADJP 7 3 %) term bonds) (ADJP due (NP-TMP 2009))) (VP are (VP priced (NP *-1) (PP-CLR at (NP 99 1)) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 7.422 %))))))) , and (S (NP-SBJ-2 (NP 7 3 % term bonds) (ADJP due (NP-TMP 2019))) (VP are (VP priced (NP *-2) (PP-CLR at (NP 99)) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 7.458 %))))))) .)) (TOP (S (NP-SBJ-1 Serial bonds) (VP are (VP priced (NP *-1) (PP-CLR at (NP par)) (S-CLR (NP-SBJ *) (VP to (VP yield (PP-DIR from (NP (NP 6.40 %) (PP-TMP in (NP 1991)))) (PP-DIR to (NP (NP 7.15 %) (PP-TMP in (NP 1999))))))))) .)) (TOP (S (NP-SBJ-1 The bonds) (VP are (VP rated (S (NP-SBJ *-1) (ADJP-PRD single-A)) (PP by (NP-LGS S&P)) , (PP according (PP to (NP the lead underwriter))))) .)) (TOP (NP-HLN (NP Maryland Community Development Administration) , (NP (NP Department) (PP of (NP Housing and Community Development))) --)) (TOP (NP (NP (QP $ 80.8 million) *U*) (PP of (NP single-family program bonds)) , (NP 1989 fourth and fifth series) , (VP (ADVP tentatively) priced (NP *) (PP by (NP-LGS a Merrill Lynch Capital Markets group)) (S-CLR (NP-SBJ *) (VP to (VP yield (PP-DIR from (NP (NP 6.25 %) (PP-TMP in (NP 1992)) (PP for (NP fourth series bonds)))) (PP-DIR to (NP (NP 7.74 %) (PP-TMP in (NP 2029)) (PP for (NP fifth series bonds)))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP (QP $ 30.9 million) *U*) (PP of (NP (NP fourth series bonds))) , (SBAR (WHNP-1 (WHNP the interest) (WHPP on (WHNP which))) (S (NP-SBJ *T*-1) (VP is not (ADJP-PRD subject (PP to (NP the federal alternative minimum tax)))))))) .)) (TOP (S (NP-SBJ They) (VP mature (NP-TMP-CLR 1992-1999 , 2009 and 2017)) .)) (TOP (S (NP-SBJ-1 Fourth series serial bonds) (VP are (VP priced (NP *-1) (PP-CLR at (NP par)) (S-CLR (NP-SBJ *) (VP to (VP yield (PP-DIR from (NP (NP 6.25 %) (PP-TMP in (NP 1992)))) (PP-DIR to (NP (NP 7 %) (PP-TMP in (NP 1999))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP The (ADJP 7.40 %) term bonds) (ADJP due (NP-TMP 2009))) (VP are (VP priced (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 7.45 %))))))) , and (S (NP-SBJ-2 (NP (ADJP 7.40 %) term bonds) (ADJP due (NP-TMP 2017))) (VP are (VP priced (NP *-2) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 7.50 %))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP (QP $ 49.9 million) *U*) (PP of (NP (NP fifth series bonds))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD subject (PP to (NP the federal alternative minimum tax)))))))) .)) (TOP (S (NP-SBJ They) (VP mature (PP-TMP-CLR in (NP 2005 , 2009 and 2029))) .)) (TOP (S (NP-SBJ-1 (NP Bonds) (ADJP due (PP-TMP in (NP 2005)))) (VP (VP have (NP a (ADJP 7 1 %) coupon)) and (VP are (VP priced (NP *-1) (PP-CLR at (NP par))))) .)) (TOP (S (S (NP-SBJ-2 (NP The (ADJP 7 5 %) bonds) (ADJP due (NP-TMP 2009))) (VP are (VP priced (NP *-2) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 7.65 %))))))) , and (S (NP-SBJ-1 (NP (ADJP 7 5 %) bonds) (ADJP due (NP-TMP 2029))) (VP are (VP priced (NP *-1) (PP-CLR at (NP 98 1)) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 7.74 %))))))) .)) (TOP (S (NP-SBJ The underwriters) (VP expect (NP (NP a double-A rating) (PP from (NP Moody 's)))) .)) (TOP (NP-HLN (NP Heiwado Co .) (PRN -LRB- (NP-LOC Japan) -RRB-) --)) (TOP (NP (NP (QP $ 100 million) *U*) (PP of (NP Eurobonds)) (ADJP due (NP-TMP Nov. 16 , 1993)) , (PP with (NP equity-purchase warrants)) , (VP indicating (NP (NP a (ADJP 3 7 %) coupon) (PP at (NP par))) , (PP via (NP Daiwa Europe Ltd))) .)) (TOP (S (NP-SBJ Each (ADJP $ 5,000 *U*) bond) (VP carries (NP (NP one warrant) , (ADJP exercisable (PP-TMP (PP from (NP Nov. 30 , 1989)) , (PP through (NP Nov. 2 , 1993)))) , (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP buy (NP shares) (PP-CLR at (NP (NP an expected premium) (PP of (NP (NP 2 1 %) (PP to (NP the closing price)))))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 terms) (VP are (VP fixed (NP *-1) (NP-TMP Tuesday) (ADVP-TMP *T*-2))))) (ADVP *T*-3))))))) .)) (TOP (NP (NP Fees) (QP 2 1) .)) (TOP (NP-HLN (NP Svenska Intecknings Garanti Aktiebolaget) (PRN -LRB- (NP-LOC Sweden) -RRB-) --)) (TOP (NP (NP (QP 20 billion) yen) (PP of (NP (ADJP 6 %) Eurobonds)) (ADJP due (NP-TMP Nov. 21 , 1994)) , (VP priced (NP *) (PP-CLR at (NP 101 3)) (S-CLR (NP-SBJ *) (VP to (VP yield (NP (NP 6.03 %) (PP less (NP full fees))))))) , (PP via (NP Mitsui Finance International)) .)) (TOP (S (NP-SBJ-1 *) (VP Guaranteed (NP *-1) (PP by (NP-LGS Svenska Handelsbanken))) .)) (TOP (NP (NP Fees) (QP 1 7) .)) (TOP (NP-HLN (NP Takashima & Co .) (PRN -LRB- (NP-LOC Japan) -RRB-) --)) (TOP (NP (NP (QP 50 million) Swiss francs) (PP of (NP (ADJP privately placed) convertible notes)) (ADJP due (NP-TMP March 31 , 1994)) , (PP with (NP (NP a fixed (ADJP 0.25 %) coupon) (PP at (NP par)))) (PP via (NP (NP Yamaichi Bank) (PRN -LRB- (NP-LOC Switzerland) -RRB-))) .)) (TOP (NP (NP Put option) (NP-TMP March 31 , 1992) , (PP at (NP a fixed 107 7)) (S (NP-SBJ *) (VP to (VP yield (NP 3.43 %)))) .)) (TOP (S (NP-SBJ Each 50,000 Swiss franc note) (VP is (ADJP-PRD convertible) (PP-TMP (PP from (NP Nov. 30 , 1989)) , (PP to (NP March 16 , 1994))) (PP-CLR at (NP (NP a (ADJP 5 %) premium) (PP over (NP the closing share price)))) (NP-TMP (NP Monday) , (SBAR (WHADVP-2 when) (S (NP-SBJ-3 terms) (VP are (VP scheduled (S (NP-SBJ-1 *-3) (VP to (VP be (VP fixed (NP *-1))))) (ADVP-TMP-CLR *T*-2))))))) .)) (TOP (NP (NP Fees) (QP 1 3) .)) (TOP (NP-HLN (NP Mitsubishi Pencil Co .) (PRN -LRB- (NP-LOC Japan) -RRB-) --)) (TOP (NP (NP 60 million Swiss francs) (PP of (NP (ADJP privately placed) convertible notes)) (ADJP due (NP-TMP Dec. 31 , 1993)) , (PP with (NP (NP a fixed 0.25 % coupon) (PP at (NP par)))) (PP via (NP (NP Union Bank) (PP of (NP Switzerland)))) .)) (TOP (NP (NP Put option) (PP-TMP on (NP Dec. 31 , 1991)) , (PP at (NP a fixed 106 7)) (S (NP-SBJ *) (VP to (VP yield (NP 3.42 %)))) .)) (TOP (S (NP-SBJ Each 50,000 Swiss franc note) (VP is (ADJP-PRD convertible) (PP-TMP (PP from (NP Dec. 5 , 1989)) , (PP to (NP Dec. 31 , 1993))) , (PP at (NP (NP a (ADJP 5 %) premium) (PP over (NP the closing share price)))) (NP-TMP (NP Tuesday) , (SBAR (WHADVP-2 when) (S (NP-SBJ-3 terms) (VP are (VP scheduled (S (NP-SBJ-1 *-3) (VP to (VP be (VP fixed (NP *-1))))) (ADVP-TMP-CLR *T*-2))))))) .)) (TOP (NP (NP Fees) (QP 1 5) .)) (TOP (NP-HLN (NP Koizumi Sangyo Corp .) (PRN -LRB- (NP-LOC Japan) -RRB-) --)) (TOP (NP (NP (QP 20 million) Swiss francs) (PP of (NP (ADJP 6 1/2 %) (ADJP privately placed) notes)) (ADJP due (NP-TMP Nov. 29 , 1996)) , (VP priced (NP *) (PP-CLR at (NP 99 1)) (PP via (NP (NP Dai-Ichi Kangyo Bank) (PRN -LRB- (NP-LOC Schweiz) -RRB-)))) .)) (TOP (NP (NP Guarantee) (PP by (NP Dai-Ichi Kangyo Bank Ltd)) .)) (TOP (NP (NP Fees) (QP 1 3) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ his team) (VP lost (NP the World Series)))) , (NP-SBJ-1 San Francisco Giants owner Bob Lurie) (VP hopes (S (NP-SBJ *-1) (VP to (VP have (NP (NP a new home) (PP for (NP them))))))) .)) (TOP (S (NP-SBJ He) (VP is (NP-PRD (NP an avid fan) (PP of (NP (NP a proposition) (PP-LOC on (NP (NP next week 's) ballot)) (SBAR (WHADVP-1 0) (S (NP-SBJ-2 *) (VP to (VP help (S (NP-SBJ *-2) (VP build (NP (NP a replacement) (PP for (NP Candlestick Park))) (ADVP *T*-1))))))))))) .)) (TOP (FRAG (NP Small wonder) , (SBAR-PRP since (S (NP-SBJ he) (VP 's (VP asking (NP-1 San Francisco taxpayers) (S (NP-SBJ *-1) (VP to (VP sink (NP (QP up to $ 100 million) *U*) (PP-CLR into (NP the new stadium))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ San Francisco) (VP digs (PRT out) (PP from (NP The Pretty Big One))))) , (NP-SBJ opponents) (VP say (SBAR 0 (S (NP-SBJ (NP the last thing) (SBAR (WHNP-1 0) (S (NP-SBJ the city) (VP can (VP afford (NP *T*-1)))))) (VP is (NP-PRD an expensive new stadium))))) .)) (TOP (S (NP-SBJ A stadium craze) (VP is (VP sweeping (NP the country))) .)) (TOP (S (NP-SBJ-1 It) (VP 's (VP fueled (NP *-1) (PP by (NP-LGS (NP the increasing profitability) (PP of (NP major-league teams)))))) .)) (TOP (S (NP-SBJ (NP Something) (PP like (NP (NP one-third) (PP of (NP (NP the nation 's) 60 largest cities)))) (VP *ICH*-1)) (VP are (VP thinking (PP-CLR about (NP new stadiums)) , (VP-1 ranging (PP (PP from (NP Cleveland)) (PP to (NP (NP San Antonio) and (NP St. Petersburg))))))) .)) (TOP (S (NP-SBJ Most boosters) (VP claim (SBAR 0 (S (NP-SBJ the new sports complexes) (VP will (VP be (NP-PRD (NP moneymakers) (PP for (NP their city)))))))) .)) (TOP (S (NP-SBJ Pepperdine University economist Dean Baim) (VP scoffs (PP-CLR at (NP that))) .)) (TOP (S (NP-SBJ He) (VP has (VP (VP looked (PP-CLR at (NP 14 baseball and football stadiums))) and (VP found (SBAR that (S (NP-SBJ (NP only one) -- (NP private Dodger Stadium) --) (VP brought (NP (NP more money) (SBAR *ICH*-1)) (PP-DIR into (NP a city)) (SBAR-1 than (S (NP-SBJ it) (VP took (PRT out)))))))))) .)) (TOP (S (NP-SBJ-1 Stadiums) (VP tend (S (NP-SBJ *-1) (VP to (VP (VP redistribute (NP existing wealth) (PP-LOC within (NP a community))) , not (VP create (NP (NP more) (PP of (NP it)))))))) .)) (TOP (S (NP-SBJ Voters) (ADVP generally) (VP agree (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 they) (VP are (VP given (NP *-1) (NP a chance (S (NP-SBJ *) (VP to (VP decide (SBAR if (S (NP-SBJ-3 they) (VP want (S (NP-SBJ *-3) (VP to (VP sink (NP their own tax dollars) (PP-CLR into (NP a new mega-stadium)))))))))))) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ San Francisco voters) (VP rejected (NP a new ballpark) (ADVP-TMP (NP two years) ago)) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ Phoenix voters) (VP turned (NP thumbs) (ADVP-CLR down) (PP-CLR on (NP a (ADJP (QP $ 100 million) *U*) stadium bond and tax proposition))) .)) (TOP (S (NP-SBJ Its backers) (VP (VP fielded (NP (NP every important interest) (PP-LOC on (NP their team)) (PRN -- (NP (NP a popular mayor) , (NP (NP the Chamber) (PP of (NP Commerce))) , (NP the major media)) --))) and (VP spent (NP $ 100,000 *U*) (PP-CLR on (NP promotion)))) .)) (TOP (S But (NP-SBJ voters) (VP (VP decided (SBAR that (S (SBAR-ADV if (S (NP-SBJ the stadium) (VP was (NP-PRD such a good idea)))) (NP-SBJ someone) (VP would (VP build (NP it) (NP-ADV himself)))))) , and (VP rejected (NP it) (NP-ADV (QP 59 % to 41 %) *U*))) .)) (TOP (S (PP-LOC In (NP San Francisco)) , (NP-SBJ its backers) (VP concede (SBAR 0 (S (NP-SBJ the ballpark) (VP is (ADVP at best) (VP running (ADVP even) (PP-LOC-CLR in (NP the polls))))))) .)) (TOP (S (NP-SBJ (NP George Christopher) , (NP (NP the former San Francisco mayor) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP built (NP Candlestick Park) (PP for (NP the Giants)) (PP-TMP in (NP the 1960s)))))) ,) (VP wo n't (VP endorse (NP the new ballpark))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ he) (VP had (S (NP-SBJ Candlestick) (VP built)) (SBAR-PRP because (S (NP-SBJ the Giants) (VP claimed (SBAR 0 (S (NP-SBJ they) (VP needed (NP 10,000 parking spaces))))))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ the new park) (VP will (VP have (NP only 1,500 spaces))))) , (NP-SBJ Mr. Christopher) (VP thinks (SBAR 0 (S (NP-SBJ backers) (VP are (VP playing (NP (NP some fiscal `` games '') (PP of (NP their own))) (PP-CLR with (NP the voters))))))) .)) (TOP (S (NP-SBJ Stadium boosters) (VP claim (SBAR that (S (PP without (NP public money)) (NP-SBJ-1 they) (VP would (ADVP-TMP never) (VP be (VP built (NP *-1))))))) .)) (TOP (S (S (NP-SBJ Miami Dolphins owner Joe Robbie) (VP disagrees)) , and (S (NP-SBJ he) (VP can (VP prove (NP it)))) .)) (TOP (S (ADVP-TMP (NP Several years) ago) (NP-SBJ-3 he) (VP (VP gave (PRT up) (S (NP-SBJ-1 *-3) (VP trying (S (NP-SBJ *-1) (VP to (VP persuade (NP-2 Miami) (S (NP-SBJ *-2) (VP to (VP improve (NP its city-owned Orange Bowl)))))))))) , and (ADVP instead) (VP built (NP his own (ADJP (QP $ 100 million) *U*) coliseum) (PP with (NP private funds)))) .)) (TOP (S (NP-SBJ He) (VP did n't (VP see (SBAR (WHADVP why) (S (NP-SBJ-2 the taxpayers) (VP should (VP help (S (NP-SBJ *-2) (VP build (NP (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP would (ADVP then) (VP use (NP *T*-1) (S-CLR (NP-SBJ *) (VP to (VP turn (NP a healthy profit))))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This stadium) (VP shows (SBAR that (S (NP-TPC-3 (NP anything) (SBAR (WHNP-2 0) (S (NP-SBJ government) (VP can (VP do (NP *T*-2)))))) , (NP-SBJ we) (VP can (VP do (NP *-3) (ADVP-MNR better))))))) , '' (NP-SBJ Mr. Robbie) (VP says (S *T*-1)) .)) (TOP (S But (PP to (NP (NP Moon Landrieu) , (NP (NP the former New Orleans mayor) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP helped (S (NP-SBJ *-3) (VP build (NP (NP that city 's) cavernous , money-losing Superdome))))))))) , (NP-SBJ (NP questions) (PP of (NP (SBAR-NOM (WHNP-2 who) (S (NP-SBJ *T*-2) (VP benefits))) or (NP the bottom line)))) (VP are (PP-PRD of (NP little relevance))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The Superdome) (VP is (NP-PRD (NP (NP an exercise) (PP in (NP optimism))) , (NP (NP a statement) (PP of (NP faith)))))) , '' (NP-SBJ he) (VP has (VP said (S *T*-1))) .)) (TOP (S-CLF `` (NP-SBJ It) (VP is (NP-PRD (NP the very building) (PP of (NP it)) (NP *ICH*-4)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD important)))) , not (NP-4 (SBAR-NOM (WHNP-3 (WHNP how much) (WHPP of (WHNP it))) (S (NP-SBJ-1 *T*-3) (VP is (VP used (NP *-1))))) or (NP its economics))) . '')) (TOP (S (NP-SBJ An Egyptian Pharaoh) (VP could n't (VP have (VP justified (NP his pyramids) (ADVP-MNR any better)))) .)) (TOP (S But (NP-SBJ civilization) (VP has (VP moved (ADVP-DIR forward) (PP-TMP since (NP then)))) .)) (TOP (S (NP-TMP Today) (NP-SBJ-1 taxpayers) (VP get (S (NP-SBJ *-1) (VP to (VP vote , (NP-TMP (NP most) (PP of (NP the time))) , (PP-CLR on (SBAR-NOM whether (S (NP-SBJ-2 they) (VP want (S (NP-SBJ *-2) (VP to (VP (VP finance (NP (NP the building schemes) (PP of (NP our modern political pharaohs)))) , or (VP let (S (NP-SBJ private money) (VP erect (NP (NP these playgrounds) (PP for (NP public passions))))))))))))))))) .)) (TOP (S (NP-SBJ Reed International PLC) (VP said (SBAR that (S (NP-SBJ (NP net income) (PP for (NP (NP the six months) (VP ended (NP-TMP Oct. 1))))) (VP slipped (NP-EXT 5 %) (PP-DIR to (NP (NP (NP (QP # 89.7 million) *U*) (PRN -LRB- (NP (QP $ 141.9 million) *U*) -RRB-)) , or (NP (NP 16 pence) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (NP (QP # 94.8 million) *U*) (PRN -LRB- (NP (QP $ 149.9 million) *U*) -RRB-)) , or (NP (NP 17.3 pence) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ The British paper , packaging and publishing concern ,) (VP said (SBAR 0 (S (NP-SBJ (NP profit) (PP from (NP continuing lines))) (VP fell (NP-EXT 10 %) (PP-DIR to (NP (QP # 118 million) *U*)) (PP-DIR from (NP (QP # 130.6 million) *U*)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ there) (VP were (NP-PRD (NP no one-time gains or losses) (PP-TMP in (NP the latest period)))))) , (NP-SBJ there) (VP was (NP (NP a one-time gain) (PP of (NP (QP # 18 million) *U*)) (PP-TMP in (NP the 1988 period)))) .)) (TOP (S And (SBAR-ADV while (S (NP-SBJ there) (VP was (NP-PRD (NP no profit) (PP *ICH*-1)) (NP-TMP this year) (PP-1 from (NP discontinued operations))))) , (NP-TMP last year) (NP-SBJ they) (VP contributed (NP (QP # 34 million) *U*) , (PP-TMP before (NP tax))) .)) (TOP (S (S (NP-SBJ Pretax profit) (VP (VP fell (NP-EXT 3.7 %) (PP-DIR to (NP (QP # 128 million) *U*)) (PP-DIR from (NP (QP # 133 million) *U*))) and (VP was (PP-PRD below (NP (NP (NP analysts ') expectations) (PP of (NP (QP # 130 million to # 135 million) *U*))))))) , but (S (NP-SBJ shares) (VP rose (NP-EXT 6 pence) (PP-DIR to (NP 388 pence)) (PP-LOC in (NP early trading)) (NP-TMP yesterday) (PP-LOC in (NP London)))) .)) (TOP (S (NP-SBJ Reed) (VP is (VP paying (NP (NP an interim dividend) (PP of (NP 4.6 pence))) , (ADVP-CLR up (NP 15 %) (PP from (NP (NP 4 pence) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Sales) (VP fell (NP-EXT 20 %) (PP-DIR to (NP (QP # 722 million) *U*))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Earnings) (VP were (VP hurt (NP *-1) (PP by (NP-LGS (NP disposal) (PP of (NP operations)) (PP in (NP its restructuring))))))) , (NP-SBJ Reed) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Wall Street 's) big securities firms) (VP face (NP (NP the prospect) (PP of (S-NOM (NP-SBJ *) (VP having (S (NP-SBJ their credit ratings) (VP lowered))))))) .)) (TOP (FRAG (NP The reason) : (S (NP-SBJ (NP Risks) (PP from (NP (NP the firms ') new `` merchant banking '' activities))) (VP are (VP rising (SBAR-ADV as (S (NP-SBJ (NP revenue) (PP from (NP (NP the industry 's) traditional business))) (VP erodes)))))) .)) (TOP (S (NP-SBJ (NP The downgrading) (PP of (NP (NP debt) (VP issued (NP *) (PP by (NP-LGS (NP CS First Boston Inc.) , (NP (NP parent) (PP of (NP First Boston Corp.))) ,))))) (PP by (NP (NP Moody 's) Investors Service Inc.))) , (S-ADV (NP-SBJ *) (VP coupled (NP *) (PP with (NP a (NP Moody 's) announcement (SBAR that (S (NP-SBJ Shearson Lehman Hutton Holdings Inc.) (VP is (PP-PRD under (NP (NP review) (PP for (NP a possible downgrade))))))))))) , (VP sent (NP shivers) (PP-DIR through (NP the brokerage community)) (NP-TMP this week)) .)) (TOP (SINV (PP-TPC-2 With (NP the shudders)) (VP came (PP *T*-2)) (NP-SBJ the realization (SBAR that (S (NP-SBJ-1 (NP some) (PP of (NP (NP Wall Street 's) biggest players))) (VP are (VP struggling (S (NP-SBJ *-1) (VP to (VP maintain (NP (NP the stellar credit standing) (VP required (S (NP-SBJ *) (VP to (VP finance (NP their activities) (ADVP-MNR profitably)))))))))))))) .)) (TOP (S (NP-SBJ Securities firms) (VP are (PP-PRD among (NP (NP the biggest issuers) (PP of (NP (NP (NP commercial paper) , or (NP short-term corporate IOUs) ,) (SBAR (WHNP-1 which) (S (NP-SBJ-2 they) (VP sell (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP finance (NP their daily operations)))))))))))) .)) (TOP (S (NP-SBJ The biggest firms) (ADVP still) (VP retain (NP (NP the highest ratings) (PP on (NP their commercial paper)))) .)) (TOP (S But (NP-SBJ Moody 's) (VP warned (SBAR that (S (NP-SBJ-1 (NP Shearson 's) commercial paper rating) (VP could (VP be (VP (VP lowered (NP *-1) (ADVP-TMP soon)) , (NP-ADV (NP a move) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP (VP reduce (NP (NP (NP Shearson 's) profit margins) (PP on (NP its borrowings)))) and (VP signal (NP (NP trouble) (ADVP-LOC ahead)) (PP for (NP other firms)))))))))))))) .)) (TOP (S (NP-SBJ Shearson) (VP is (ADJP-PRD 62%-owned (PP by (NP American Express Co)))) .)) (TOP (SINV `` (SINV-TPC-1 (SBAR-ADV Just as (S (NP-SBJ the 1980s bull market) (VP transformed (NP the U.S. securities business)))) , (ADVP so too) (VP will (VP *?*)) (NP-SBJ (NP the more difficult environment) (PP of (NP the 1990s)))) , '' (VP says (SINV *T*-1)) (NP-SBJ (NP Christopher T. Mahoney) , (NP (NP a Moody 's) vice president)) .)) (TOP (S `` (NP-SBJ (NP A sweeping restructuring) (PP of (NP the industry))) (VP is (ADJP-PRD possible)) . '')) (TOP (S (NP-SBJ (NP Standard & Poor 's) Corp.) (VP says (SBAR 0 (S (NP-SBJ-1 (NP First Boston) , (NP Shearson) and (NP Drexel Burnham Lambert Inc.)) , (PP in (ADJP particular)) , (VP are (ADJP-PRD likely (S (NP-SBJ-2 *-1) (VP to (VP have (NP difficulty) (S-CLR (NP-SBJ *-2) (VP shoring (PRT up) (NP their credit standing) (PP-TMP in (NP months ahead)))))))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP worries (NP credit-rating concerns) (NP-ADV the most)))) (VP is (SBAR-PRD that (S (NP-SBJ Wall Street firms) (VP are (VP taking (NP long-term risks) (PP with (NP their own capital)) (PP-MNR via (NP leveraged buy-out and junk bond financings))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP a departure) (PP from (NP (NP their traditional practice) (PP of (S-NOM (NP-SBJ *) (VP transferring (NP almost all financing risks) (PP-DIR to (NP investors))))))))) .)) (TOP (S (SBAR-ADV Whereas (S (NP-SBJ-3 conventional securities financings) (VP are (VP structured (S-CLR (NP-SBJ-1 *-3) (VP to (VP be (VP sold (NP *-1) (ADVP-MNR quickly))))))))) , (NP-SBJ (NP (NP Wall Street 's) new penchant) (PP for (NP (NP leveraged buy-outs) and (NP junk bonds)))) (VP is (VP resulting (PP-CLR in (NP (NP long-term lending commitments) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP stretch (PRT out) (PP-TMP for (NP months or years))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The recent disarray) (PP-LOC in (NP the junk bond market))) (VP suggests (SBAR that (S (NP-SBJ brokers) (VP (VP may (VP become (NP-PRD (NP longer-term creditors) (SBAR than (S (NP-SBJ they) (VP anticipated)))))) and (VP may (VP face (NP (NP long delays '') (PP in (S-NOM (NP-SBJ *) (VP getting (NP their money) (ADVP-CLR back)))))))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Jeffrey Bowman) , (NP (NP a vice president) (PP-LOC at (NP (NP S&P) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP raised (NP a warning flag) (PP for (NP the industry)) (PP-TMP in (NP (NP April) (SBAR (WHADVP-3 when) (S (NP-SBJ it) (VP downgraded (NP CS First Boston) (ADVP-TMP *T*-3))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Wall Street) (VP is (VP facing (NP a Catch-22 situation)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Mahoney) (PP of (NP Moody 's))) .)) (TOP (S (S (NP-SBJ (NP Merchant banking) , (SBAR (WHADVP-1 where) (S (NP-SBJ firms) (VP commit (NP their own money) (ADVP-LOC *T*-1)))) ,) `` (VP is (VP getting (ADJP-PRD riskier)))) , and (S (NP-SBJ there) (VP 's (NP-PRD (NP less) (PP of (NP it)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP go (ADVP-DIR around)))))))) . '')) (TOP (S-3 (PP In (NP addition)) (PRN , (S (NP-SBJ he) (VP says (S *T*-3) (S-ADV *ICH*-2))) ,) (NP-SBJ the buy-out business) (VP is (PP-PRD under (NP pressure)) `` (PP-PRP because of (NP the junk bond collapse)) , '' (S-ADV-2 (NP-SBJ *) (VP meaning (SBAR that (S (NP-SBJ-1 returns) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP decline (SBAR-ADV as (S (NP-SBJ (NP the volume) (PP of (NP junk-bond financings))) (VP shrinks))))))))))))) .)) (TOP (S (PP-LOC In (NP a leveraged buy-out)) , (NP-SBJ (NP a small group) (PP of (NP investors))) (VP acquires (NP a company) (PP in (NP (NP a transaction) (VP financed (NP *) (PP-MNR (ADVP largely) by (NP borrowing))))) , (PP with (NP the expectation (SBAR that (S (NP-SBJ-1 the debt) (VP will (VP be (VP paid (NP *-1) (PP-CLR with (NP (NP funds) (VP generated (NP *) (PP by (NP-LGS (NP (NP the acquired company 's) operations) or (NP (NP sales) (PP of (NP its assets)))))))))))))))) .)) (TOP (S (PP-LOC In (NP a recent report)) , (NP-SBJ Moody 's) (VP said (SBAR 0 (S (NP-SBJ it) `` (VP expects (S (NP-SBJ intense competition) (VP to (VP (VP occur (PP-TMP through (NP (NP the rest) (PP of (NP the century)))) (PP-LOC in (NP the securities industry)) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) , (PP combined (PP with (NP overcapacity))) , (VP will (VP create (NP (NP poor prospects) (PP for (NP profitability))))))))))))))) . '')) (TOP (S (NP-SBJ It) (VP said (SBAR that (S (NP-SBJ (NP the `` temptation (S *ICH*-2)) (PP for (NP managements)) (S-2 (NP-SBJ-1 *) (VP to (VP ease (NP this profit pressure) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP taking (NP greater risks)))))))) (VP is (NP-PRD an additional rating factor))))) . '')) (TOP (S (NP-SBJ Both (NP Moody 's) and (NP S&P)) (VP cited (NP (NP (NP First Boston 's) reliance) (PP-TMP in (NP recent years)) (PP on (NP merchant banking)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (ADJP-PRD responsible (PP for (NP (NP a significant portion) (PP of (NP (NP the (ADJP closely held) firm 's) profit))))))))))) .)) (TOP (S (NP-SBJ (NP The recent cash squeeze) (PP-LOC at (NP (NP Campeau Corp.) , (NP (NP (NP First Boston 's) (ADJP most lucrative) client) (PP of (NP the decade))) ,))) (VP is (VP proving (ADJP costly (PP to (NP First Boston))) (SBAR-PRP because (S (NP-SBJ it) (VP arranged (NP (NP (QP more than $ 3 billion) *U*) (PP of (NP high-yield , high-risk junk financings))) (PP-BNF for (NP Campeau units))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP a big loan) (SBAR (WHNP-2 that) (S (NP-SBJ First Boston) (VP made (NP *T*-2) (PP-DTV to (NP Ohio Mattress Co .)))))) (VP was n't (VP repaid (PP on (NP time)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 (NP its (ADJP (QP $ 450 million) *U*) junk financing) (PP for (NP (NP a buy-out) (PP of (NP the bedding company))))) (VP was (VP withdrawn (NP *-1) (ADVP-TMP *T*-3))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ These two exposures alone) (VP represent (NP (NP a very substantial portion) (PP of (NP (NP CS First Boston 's) equity))))) , '' (NP-SBJ Moody 's) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ Total merchant banking exposures) (VP are (PP-PRD in (NP (NP excess) (PP of (NP (NP the firm 's) equity))))) . '')) (TOP (S (NP-SBJ CS First Boston) , (ADVP however) , (VP benefits (PP-CLR from (NP (NP the backing) (PP of (NP (NP its largest shareholder) , (NP (NP Credit Suisse) , (NP (NP Switzerland 's) (ADJP third largest) bank))))))) .)) (TOP (S (NP-SBJ Shearson) (ADVP also) (VP has (VP been (NP-PRD (NP an aggressive participant) (PP in (NP the leveraged buy-out business))))) .)) (TOP (S But (NP-SBJ its earnings) (VP became (NP-PRD a major disappointment) (SBAR-ADV as (S (NP-SBJ its traditional retail (PRN , or individual investor ,) business) (VP showed (NP (NP no signs) (PP of (S-NOM (NP-SBJ *) (VP rebounding (PP-CLR from (NP (NP the slump) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP followed (NP the October 1987 stock market crash)))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 (NP (NP Shearson 's) listed (QP $ 2 billion) *U*) (PP of (NP capital))) (VP is (VP overstated (NP *-1) , (PP according (PP to (NP the rating concerns))) , (SBAR-PRP because (S (NP-SBJ it) (VP includes (NP (NP (QP $ 1.7 billion) *U*) (PP of (NP goodwill)))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Shearson) `` (ADVP really) (ADVP only) (VP has (NP (NP (QP $ 300 million) *U*) (PP of (NP capital))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Bowman) (PP of (NP S&P))) .)) (TOP (S (NP-SBJ A Shearson spokesman) (VP said (SBAR 0 (S (NP-SBJ the firm) (VP is n't (ADJP-PRD worried))))) .)) (TOP (S `` (S-TPC-1 (ADVP-TMP (NP A year) ago) , (NP-SBJ Moody 's) (ADVP also) (VP had (NP Shearson) (PP-CLR under (NP (NP review) (PP for (NP possible downgrade)))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (PP-TMP After (NP (NP two months) (PP of (NP talks)))) , (NP-SBJ-1 our rating) (VP was (VP maintained (NP *-1))) . '')) (TOP (S (NP-SBJ Drexel) , (ADVP-TMP meanwhile) , (ADVP-TMP already) (VP competes (PP-MNR-CLR at (NP (NP a disadvantage) (PP to (NP its big Wall Street rivals)))) (SBAR-PRP because (S (NP-SBJ it) (VP has (NP a (ADJP slightly lower) commercial paper rating))))) .)) (TOP (S (NP-SBJ (NP (NP The collapse) (PP of (NP junk bond prices))) and (NP (NP the cancellation) (PP of (NP many junk bond financings)))) (ADVP apparently) (VP have (VP taken (NP their toll) (PP-CLR on (NP (NP (ADJP closely held) Drexel) , (NP (NP the leading underwriter) (PP-LOC in (NP that market))))))) .)) (TOP (S (NP-SBJ-1 The firm) (ADVP also) (VP has (VP been (VP hit (NP *-1) (PP-CLR with (NP (NP big financial settlements) (PP with (NP the government)) (VP stemming (PP-CLR from (NP (NP its guilty plea) (PP to (NP (NP six felonies) (VP related (NP *) (PP-CLR to (NP a big insider-trading scandal))))))))))))) .)) (TOP (S (NP-SBJ-1 Drexel) (NP-TMP this year) (VP eliminated (NP its retail or individual customer business) , (S-ADV (NP-SBJ *-1) (VP cutting (NP (NP the firm 's) workforce) (PP-CLR (ADVP almost) in (NP half)) (PP-CLR to (NP (ADVP just over) 5,000))))) .)) (TOP (S (ADVP-TMP Recently) , (NP-SBJ Drexel) (VP circulated (NP (NP a private financial statement) (VP *ICH*-1)) (PP-CLR among (NP several securities firms)) (VP-1 showing (SBAR that (S (NP-SBJ its earnings performance) (VP has (VP diminished (NP-TMP this year) (PP from (NP previous years)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The firm 's) capital) , (ADVP moreover) , (VP has n't (VP grown (PP-MNR at (NP (NP the same rate) (PP as (PP in (NP the past)))))))) , (NP-SBJ (NP officials) (PP-LOC at (NP these firms))) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Drexel) (VP remains (ADJP-PRD confident (PP of (NP its future creditworthiness)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 We) (VP 're (ADVP-MNR well) (VP positioned (NP *-2) (PP with (NP (NP (QP $ 1.7 billion) *U*) (PP of (NP capital))))))) , '' (NP-SBJ a Drexel spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` And (PP as (NP a leading investment and merchant banking firm)) , (NP-SBJ the fact (SBAR that (S (NP-SBJ we) (VP are (ADVP-TMP no longer) (ADJP-PRD subject (PP to (NP (NP the uncertainties and vicissitudes) (PP of (NP the retail business))))))))) (VP is (NP-PRD a major plus) (PP in (NP our view))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ we) (VP 've (ADVP probably) (VP been (NP-PRD (NP the (ADJP most aggressive) firm) (PP-LOC on (NP the Street)) (PP in (S-NOM (NP-SBJ *) (VP reducing (NP (NP costs) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (ADVP-PRD down (PP around (NP 40 %))) (PP-TMP over (NP the last six months)))))))))))) .)) (TOP (S (NP-SBJ-2 (NP Lewis C. Veraldi) , (NP (NP the father) (PP of (NP (NP the team) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP created (NP the (ADJP highly successful) Ford Taurus and Mercury Sable cars)))))))) , (VP retired (ADVP early) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP experiencing (NP recent heart problems))))) .)) (TOP (S (ADVP-TMP Most recently) , (NP-SBJ (NP Mr. Veraldi) , (NP 59 years old) ,) (VP has (VP been (NP-PRD (NP vice president) (PP of (NP product and manufacturing engineering)) (PP-LOC at (NP Ford Motor Co))))) .)) (TOP (S But (NP-SBJ-3 he) (VP is (VP (ADVP best) known (NP *-3) (PP-LOC in (NP the auto industry)) (PP-CLR as (NP (NP the creator) (PP of (NP (NP a team car-development approach) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP produced (NP (NP the two midsized cars) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP were (ADJP-PRD instrumental (PP (PP in (S-NOM (NP-SBJ *) (VP helping (S (NP-SBJ the No. 2 auto maker) (VP record (NP profits) (PP-TMP in (NP recent years))))))) and (PP in (S-NOM (NP-SBJ *) (VP enabling (S (NP-SBJ (NP the company 's) Ford division) (VP to (VP eclipse (NP (NP General Motors Corp. 's) Chevrolet division) (PP-CLR as (NP (NP the top-selling nameplate) (PP-LOC in (NP the U.S))))))))))))))))))))))))) .)) (TOP (S (PP-LOC Under (NP the so-called Team Taurus approach)) , (NP-SBJ (NP Mr. Veraldi) and (NP other Ford product planners)) (VP sought (NP (NP the involvement) (PP of (NP (NP parts suppliers) , (NP assembly-line workers) , (NP auto designers) and (NP financial staff members)))) (PP-TMP from (NP (NP the initial stages) (PP of (NP the development cycle))))) .)) (TOP (S (NP-SBJ (NP The concept 's) goal) (VP was (S-PRD (NP-SBJ *) (VP to (VP (VP eliminate (NP bureaucracy)) and (VP make (S (NP-SBJ (NP Ford 's) product development) (ADJP-PRD more responsive (PP to (NP consumer demands))))))))) .)) (TOP (S (NP-SBJ It) (VP was (ADVP-TMP later) (VP applied (PP-CLR to (NP (NP other new-car programs) , (PP including (NP (NP those) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP produced (NP the Ford Thunderbird and Mercury Cougar)))))))))) .)) (TOP (S (NP-SBJ Ford Chairman Donald E. Petersen) (VP said (NP-TMP yesterday) (SBAR that (S (NP-SBJ-1 Mr. Veraldi) (VP has `` (VP helped (S (NP-SBJ *-1) (VP to (VP change (NP (NP (NP the world 's) perception) (PP of (NP American-made cars))))))))))) . '')) (TOP (S (NP-SBJ-1 Mr. Veraldi) (VP worked (PP-LOC at (NP Ford)) (PP-TMP for (NP 40 years)) , (S-ADV (NP-SBJ *-1) (VP holding (NP (NP a variety) (PP of (NP car and parts-engineering positions)))))) .)) (TOP (S (NP-SBJ (NP The limits) (PP to (NP legal absurdity))) (VP stretched (NP-ADV another notch) (NP-TMP this week) (SBAR-TMP (WHADVP when) (S (NP-SBJ-2 the Supreme Court) (VP refused (S (NP-SBJ *-2) (VP to (VP hear (NP (NP an appeal) (PP from (NP (NP a case) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP says (SBAR 0 (S (NP-SBJ-3 corporate defendants) (VP must (VP pay (NP damages) (PP-TMP even after (S-NOM (NP-SBJ *-3) (VP proving (SBAR that (S (NP-SBJ they) (VP could not (ADVP possibly) (VP have (VP caused (NP the harm)))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ We) (VP can (VP understand and share (NP (NP the compassion) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP makes (S (NP-SBJ-3 judges) (ADVP-TMP sometimes) (VP wish (S (NP-SBJ *-3) (VP to (VP offer (NP (NP a kind) (PP of (NP Solomonic aid))) (PP to (NP (NP those) (SBAR (WHNP-4 who) (S (NP-SBJ-1 *T*-4) (VP 've (VP been (VP hurt (NP *-1))))))))))))))))))) .)) (TOP (S But (NP-SBJ this case) (VP is (NP-PRD (NP a stark lesson) (PP in (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ (NP the failures) (PP of (NP the traditional policy-making process))) (VP have (VP left (NP the courts) (PP-CLR as (NP (NP the only forum) (SBAR (WHNP-2 0) (S (NP-SBJ this country) (VP has (NP *T*-2)))) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP debate (NP risk , technology and innovation) (ADVP *T*-3))))))) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (ADVP-TMP Too often) (ADVP-TMP now) , (NP-SBJ a single court decision) (VP becomes (NP-PRD (NP the precedent) (PP for (NP other , (ADJP less compelling) cases)))) .)) (TOP (S (PP-TMP (PP From (NP the 1940s)) (PP until (NP 1971))) , (NP-SBJ-1 (QP some two million) women) (VP took (NP (NP the synthetic hormone diethylstilbestrol) (PRN -LRB- (NP DES) -RRB-)) (S-PRP (NP-SBJ *-1) (VP to (VP prevent (NP miscarriages and morning sickness))))) .)) (TOP (S (NP-SBJ-1 The drug) (VP was (VP (VP approved (NP *-1) (PP by (NP-LGS the Food and Drug Administration))) and (VP marketed (NP *-1) (PP by (NP-LGS (QP some 300) pharmaceutical companies)) , (PP (ADVP-TMP often) under (NP generic labels))))) .)) (TOP (S (PP-TMP In (NP the 1970s)) , (NP-SBJ scientists) (VP reported (NP (NP cancer cases) (PP among (NP (NP the daughters) (PP of (NP DES users)))))) .)) (TOP (S (S (NP-SBJ The cases) (ADVP-MNR quickly) (VP went (PP-DIR to (NP court)))) , but (S (NP-SBJ (NP the mothers) (PP of (NP several thousand DES plaintiffs))) (VP could n't (VP recall (SBAR (WHNP-1 whose brand) (S (NP-SBJ they) (VP used (NP *T*-1))))))) .)) (TOP (S (S-TMP (NP-SBJ *) (VP Beginning (PP-TMP-CLR in (NP 1980)))) , (NP-SBJ-2 (NP courts) (PP in (NP (NP several states) (PP including (NP (NP California) and (NP New York)))))) (VP decided (S (NP-SBJ *-2) (VP to (VP suspend (NP the common-law rule (SBAR that (S (NP-SBJ plaintiffs) (VP must (VP prove (SBAR that (S (NP-SBJ the defendants) (VP are (NP-PRD (NP the ones) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD liable))))))))))))))))) .)) (TOP (S (NP-SBJ Courts) (VP (VP made (NP the assumption (SBAR that (S (NP-SBJ all DES pills) (VP were (ADVP essentially) (NP-PRD the same)))))) , and (VP created (NP a market-share test) (SBAR-PRP so that (S (NP-SBJ-1 damages) (VP would (VP be (VP assessed (NP *-1) (PP-CLR against (NP drug makers)) (PP in (NP (NP the proportion) (PP of (NP (NP their share) (PP of (NP the original sales))))))))))))) .)) (TOP (S (NP-SBJ This) (VP has (NP some logic)) .)) (TOP (S (NP-SBJ-2 Drug makers) (VP should n't (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP duck (NP liability) (SBAR-PRP because (S (NP-SBJ people) (VP could n't (VP identify (ADVP-MNR precisely) (SBAR (WHNP-3 which identical drug) (S (NP-SBJ-1 *T*-3) (VP was (VP used (NP *-1))))))))))))))) .)) (TOP (S But (NP-SBJ courts) (ADVP-MNR quickly) (VP tumbled (PP-DIR down (NP a slippery slope))) .)) (TOP (S (SBAR-ADV Just as (S (NP-SBJ all plaintiffs) (VP are not (ADJP-PRD alike)))) , (NP-SBJ it) (VP turns (PRT out) (SBAR that (S (NP-SBJ DES defendants) (VP (VP marketed (NP the drugs) (ADVP-MNR differently)) and (VP may (VP have (VP offered (NP different warranties)))))))) .)) (TOP (S (NP-SBJ The ultimate result) (VP came (PP-LOC-CLR in (NP (NP Hymowitz v. Lilly) , (SBAR (WHADVP-2 where) (S (NP-SBJ the highest New York court) (VP expanded (NP the market-share approach) (PP for (NP the first time)) (S-CLR (NP-SBJ *) (VP to (VP say (SBAR that (S (NP-SBJ (NP drug makers) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP prove (SBAR 0 (S (NP-SBJ (NP Mindy Hymowitz 's) mother) (VP did n't (VP use (NP their pill)))))))))) (VP must (ADVP still) (VP pay (NP (NP their share) (PP of (NP any damages)))))))))) (ADVP-LOC *T*-2))))))) .)) (TOP (S But (SBAR-ADV as (S (NP-SBJ Duke University law professor William Van Alstyne) (VP notes))) , (PP-MNR by (NP this reasoning)) (NP-SBJ-1 a defendant) (VP could (VP be (VP held (S (NP-SBJ *-1) (ADJP-PRD liable)) (PP-LOC in (NP New York)) (PP-CLR for (NP a bad apple)) (SBAR-ADV even if (S (NP-SBJ he) (VP sold (NP all his apples) (PP-LOC in (NP California)))))))) .)) (TOP (S (PP Despite (NP (NP the Supreme Court 's) refusal (S (NP-SBJ *) (VP to (VP hear (NP the case)))))) , (NP-SBJ there) (VP are (NP-PRD (NP serious constitutional issues) (PP of (NP (NP due process) and (NP (NP uncompensated takings) (PP from (NP the defendants))))))) .)) (TOP (S (NP-SBJ The big problem) , (ADVP however) , (VP is (SBAR-PRD that (S (NP-SBJ there) (VP 's (NP-PRD no guarantee (SBAR that (S (NP-SBJ-1 this reasoning) (VP will (VP be (VP limited (NP *-1) (PP (PP to (NP DES)) or (PP to (NP drugs))))))))))))) .)) (TOP (S (NP-SBJ The problem) (ADVP-LOC here) (VP goes (PP (ADVP well) beyond (S-NOM (NP-SBJ *) (VP twisting (NP legal doctrine))))) .)) (TOP (S (NP-SBJ-1 The California Supreme Court) (NP-TMP last year) (VP reversed (NP direction) (S-CLR (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ (NP it) (S *EXP*-2)) (ADJP-PRD much harder) (S-2 (NP-SBJ *) (VP to (VP win (NP DES cases)))))))) (SBAR-PRP because (S (NP-SBJ the justices) (VP saw (SBAR-NOM (WHADVP-3 how) (S (NP-SBJ all the pharmaceutical litigation) (VP has (VP chilled (NP (NP the introduction) (PP of (NP new drugs))) (ADVP-MNR *T*-3))))))))) .)) (TOP (S (NP-SBJ-1 The court) (VP rejected (NP (NP strict liability) (PP for (NP prescription drugs))) , (S-ADV (NP-SBJ *-1) (VP citing (NP the huge , hidden social costs)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Public policy) (VP favors (NP (NP the development and marketing) (PP of (NP beneficial new drugs))) , (SBAR-ADV even though (S (NP-SBJ (NP some risks) , (NP perhaps serious ones) ,) (VP might (VP accompany (NP their introduction))))) (SBAR-PRP because (S (NP-SBJ drugs) (VP can (VP (VP save (NP lives)) and (VP reduce (NP pain and suffering)))))))) , '' (NP-SBJ the unanimous court) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ The California justices) (VP noted (SBAR that (S (NP-SBJ (NP the fear) (PP of (NP litigation))) (ADVP-TMP already) (VP forced (NP (NP the only remaining anti-morning-sickness drug) , (NP Bendectin) ,) (PP-CLR off (NP the U.S. market)))))) .)) (TOP (S (NP-SBJ This) (VP raises (NP (NP the key issue) : (SBAR-NOM (WHNP-2 What) (S (NP-SBJ *) (VP to (VP do (NP *T*-2) (PP-CLR about (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP suffer (NP (NP serious injuries) (PP from (NP beneficial drugs)))))))))))))) ?)) (TOP (S (NP-SBJ We) (ADVP-TMP now) (VP know (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP holding (S (NP-SBJ drug makers) (ADJP-PRD liable)) (SBAR-TMP (WHADVP-1 where) (S (NP-SBJ there) (VP 's (NP-PRD no evidence (SBAR that (S (NP-SBJ (NP they) or (NP anyone else)) (VP knew (PP-CLR of (NP any risks)))))) (ADVP-LOC *T*-1)))))) (ADVP only) (VP means (SBAR 0 (S (NP-SBJ the drugs) (VP wo n't (VP be (ADJP-PRD available (PP to (NP anyone))))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ liability expert Peter Huber) (VP tells (NP us)))) , (PP-TMP after (NP the Hymowitz case)) , (SBAR-ADV if (S (NP-SBJ any drug maker) (VP introduces (NP an anti-miscarriage drug)))) `` (NP-SBJ it) (VP 's (NP-PRD (NP time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP sell (NP (NP that company 's) stock) (ADVP-CLR short) (ADVP-TMP *T*-1))))))) . '')) (TOP (S (S (NP-SBJ We) (ADVP also) (VP know (SBAR that (S (NP-SBJ the tort system) (VP is (NP-PRD (NP a lousy way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP compensate (NP victims) (ADVP-MNR *T*-1)))))) (ADVP anyway)))))) ; (S (S (NP-SBJ some) (VP win (NP the legal lottery))) , (S (NP-SBJ others) (VP get (NP much less))) and (S (NP-SBJ contingency-fee lawyers) (VP take (NP a big cut) (NP-ADV either way)))) .)) (TOP (S (NP-SBJ (NP DES daughters) and (NP (NP other victims) (PP of (NP drugs)))) (VP would (VP be (ADJP-PRD better off) (SBAR-ADV if (S (NP-SBJ-1 their cases) (VP were (VP taken (NP *-1) (PP-DIR out (PP of (NP the courts))))))))) .)) (TOP (S (NP-SBJ Congress) (VP could (VP create (NP (NP a compensation program) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP help (NP such victims) (SBAR-ADV while (S (NP-SBJ *-2) (VP protecting (NP (NP the national interest) (PP in (S-NOM (NP-SBJ *) (VP encouraging (NP new drugs))))))))))))))) .)) (TOP (S But (NP-SBJ (NP a 1986 law) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP supposedly) (VP replaced (NP (NP lawsuits) (PP over (NP (NP children 's) vaccines))) (PP-CLR with (NP a compensation fund)))))) (VP has (ADVP predictably) (VP led (PP-DIR to (NP (ADJP even more) litigation)))) .)) (TOP (S (NP-SBJ Everyone) (PP-TMP by (NP now)) (VP understands (SBAR that (S (NP-SBJ Congress) (VP is (ADJP-PRD utterly incapable (PP of (S-NOM (NP-SBJ *) (VP writing (NP (NP legislation) (SBAR-PRP (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP help (NP deserving people) (ADVP-MNR *T*-1)))))) (PP without (S-NOM (NP-SBJ its) (VP becoming (NP-PRD some billion-dollar morass)))))))))))) .)) (TOP (S (NP-SBJ We) (VP have (NP no doubt (SBAR 0 (S (NP-SBJ this) (VP is (NP-PRD one reason (SBAR 0 (S (NP-SBJ-1 (NP (NP judges) (PP-LOC in (NP New York))) and (NP (NP justices) (PP-LOC on (NP the Supreme Court)))) (VP are (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP trash (NP the law) (PP-LOC in (NP the DES cases))))))))))))))) .)) (TOP (S (NP-SBJ They) (VP must (VP (VP figure (SBAR that (S (NP-SBJ-2 justice) (VP has (S (NP-SBJ-3 *-2) (VP to (VP get (VP done (NP *-3) (PP by (NP-LGS somebody)))))))))) , but (VP know (SBAR 0 (S (NP-SBJ-1 it) (VP wo n't (VP be (VP done (NP *-1) (PP by (NP-LGS Congress)))))))))) .)) (TOP (S (NP-SBJ (NP Odyssey Partners Limited Partnership) , (NP an investment firm) ,) (VP completed (NP (NP the purchase) (PP of (NP (NP May Department Stores Co. 's) Caldor discount chain))) (PP for (NP (QP $ 500 million) *U*)) (PP plus (NP (NP the assumption) (PP of (NP (NP (QP $ 52 million) *U*) (PP in (NP debt))))))) .)) (TOP (S (S (NP-SBJ (NP Caldor) , (VP based (NP *) (PP-LOC in (NP (NP Norwalk) , (NP Conn.) ,)))) (VP operates (NP 118 stores) (PP-LOC in (NP the Northeast)))) ; (S (NP-SBJ it) (VP reported (NP (NP revenue) (PP of (NP (QP $ 1.6 billion) *U*))) (NP-TMP last year))) .)) (TOP (S (NP-SBJ (NP May Stores) , (NP St. Louis) ,) (VP runs (NP (NP such well-known department stores) (PP as (NP Lord & Taylor)))) .)) (TOP (S (NP-SBJ N.V . DSM) (VP said (SBAR 0 (S (NP-SBJ (NP net income) (PP-TMP in (NP the third quarter))) (VP jumped (NP-ADV 63 %) (SBAR-ADV as (S (NP-SBJ the company) (VP had (NP (ADJP substantially lower) extraordinary charges) (S-PRP (NP-SBJ *) (VP to (VP account (PP-CLR for (NP a restructuring program)))))))))))) .)) (TOP (S (NP-SBJ The Dutch chemical group) (VP said (SBAR 0 (S (NP-SBJ net income) (VP gained (PP-CLR to (NP (NP (NP (QP 235 million) guilders) (PRN -LRB- (NP (QP $ 113.2 million) *U*) -RRB-)) , or (NP (NP 6.70 guilders) (NP-ADV a share)) ,)) (PP-CLR from (NP (NP (QP 144 million) guilders) , or (NP (NP 4.10 guilders) (NP-ADV a share)) , (ADVP-TMP (NP a year) ago))))))) .)) (TOP (S (NP-SBJ The (ADJP (NP-ADV 32 %) state-owned) DSM) (VP had (NP (NP (QP eight million) guilders) (PP of (NP extraordinary charges))) (PP-TMP in (NP the latest quarter)) , (S-PRP (ADVP mainly) (NP-SBJ *) (VP to (VP reflect (NP (NP one-time losses) (PP in (NP (NP connection) (PP with (NP (NP the disposal) (PP of (NP some operations))))))))))) .)) (TOP (S (NP-SBJ-1 The charges) (VP were (VP offset (NP *-1) (PP in (NP part)) (PP by (NP-LGS (NP a gain) (PP from (NP (NP the sale) (PP of (NP (NP the company 's) construction division)))))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ DSM) (VP had (NP (NP (QP 71 million) guilders) (PP of (NP extraordinary charges)) (PP for (NP (NP the restructuring program) and (NP other transactions))))) .)) (TOP (S (NP-SBJ-1 The earnings growth) (ADVP also) (VP was (VP fueled (NP *-1) (PP by (NP-LGS (NP the company 's) ability (S (NP-SBJ *) (VP to (VP cut (NP net financing spending) (PP-CLR by (NP half)) (PP-CLR to (NP (QP around 15 million) guilders))))))))) .)) (TOP (S (S-TPC-1 (ADVP Also) , (NP-SBJ (ADJP substantially lower) Dutch corporate tax rates) (VP helped (S (NP-SBJ the company) (VP keep (S (NP-SBJ its tax outlay) (ADJP-PRD flat) (ADVP relative (PP to (NP earnings growth)))))))) , (NP-SBJ the company) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 Sales) , (ADVP however) , (VP were (ADVP little) (VP changed (NP *-1) (PP-CLR at (NP (QP 2.46 billion) guilders)) , (PP compared (PP with (NP (QP 2.42 billion) guilders))))) .)) (TOP (S (NP-SBJ Allergan Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP Food and Drug Administration approval (S (NP-SBJ *) (VP to (VP sell (NP (NP the PhacoFlex intraocular lens) , (NP (NP the first foldable silicone lens) (ADJP available (PP for (NP cataract surgery))))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP The len 's) foldability) (VP enables (S (NP-SBJ-1 it) (VP to (VP be (VP inserted (NP *-1) (PP in (NP (NP smaller incisions) (SBAR than (S (NP-SBJ *) (VP are (ADVP-TMP now) (ADJP-PRD possible (PP for (NP cataract surgery)))))))))))))) , (NP-SBJ the eye care and skin care concern) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Cataracts) (VP refer (PP-CLR to (NP (NP a clouding) (PP of (NP (NP the eye 's) natural lens))))) .)) (TOP (S (NP-SBJ-1 (NP A man) (PP from (NP the Bush administration))) (VP came (PP-LOC-CLR before (NP the House Agriculture Committee)) (NP-TMP yesterday) (S-PRP (NP-SBJ *-1) (VP to (VP talk (PP-CLR about (NP (NP the U.S. 's) intention (S (NP-SBJ *) (VP to (VP send (NP (NP (QP some $ 100 million) *U*) (PP in (NP food aid))) (PP-DTV to (NP Poland)) , (PP with (NP (NP more) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP come (PP-DIR from (NP the EC))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The committee 's) members) (VP are (ADJP-PRD worried (SBAR (WHNP-2 what) (S (NP-SBJ all this free food) (VP might (VP do (NP *T*-2) (PP-CLR to (NP (NP the economic prospects) (PP of (NP (NP Poland 's) own farmers)))))))))) .)) (TOP (S (NP-SBJ Rep. Gary Ackerman) (VP noted (SBAR that (S (NP-SBJ past food aid) (VP had (VP harmed (NP (NP farmers) (PP-LOC in (NP (NP El Salvador) and (NP Egypt))))))))) .)) (TOP (S (FRAG-ADV (WHADVP However) (ADJP well intentioned)) , (NP-SBJ food transfers) (VP have (NP (NP the habit) (PP of (S-NOM (NP-SBJ *) (VP (VP growing (ADJP-PRD larger)) and (VP wrecking (NP (NP the market incentives) (PP for (NP (NP the recipient country 's) own farmers))))))))) .)) (TOP (S (NP-SBJ The First World) (VP has (PP-TMP for (NP some time)) (VP had (NP (NP the bad habit) (PP of (S-NOM (NP-SBJ *) (VP smothering (NP (NP other people 's) economies) (PP-CLR with (NP (NP this kind) (PP of (NP unfocused kindness)))))))))) .)) (TOP (S (NP-SBJ It) (VP should (VP be (ADVP constantly) (VP stressed (SBAR that (S (NP-SBJ (NP Poland 's) farmers) (ADVP mostly) (VP need (NP (NP a real market) (PP for (NP their products))))))))) .)) (TOP (S (NP-SBJ Elco Industries Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ (NP net income) (PP-TMP in (NP (NP the year) (VP ending (NP-TMP-CLR June 30 , 1990 ,))))) (VP to (VP fall (PP-DIR below (NP (NP (NP a recent analyst 's) estimate) (PP of (NP (NP $ 1.65 *U*) (NP-ADV a share)))))))))))) .)) (TOP (S (NP-SBJ (NP The (NAC-LOC Rockford , Ill. ,) maker) (PP of (NP fasteners))) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP expects (S (NP-SBJ *-2) (VP to (VP post (NP (NP sales) (PP-TMP in (NP the current fiscal year)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (PP-PRD `` (ADVP slightly) above '' (NP (NP fiscal 1989 sales) (PP of (NP (QP $ 155 million) *U*))))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 its industrial unit) (VP continues (S (NP-SBJ *-1) (VP to (VP face (NP (NP margin pressures) and (NP lower demand))))))))) .)) (TOP (S (PP-TMP In (NP fiscal 1989)) , (NP-SBJ Elco) (VP earned (NP (NP (QP $ 7.8 million) *U*) , or (NP (NP $ 1.65 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ (NP The company 's) stock) (VP fell (NP-ADV $ 1.125 *U*) (PP-CLR to (NP $ 13.625 *U*)) (PP-LOC in (NP over-the-counter trading)) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ (NP Oshkosh Truck Corp.) , (NP-LOC (NP Oshkosh) , (NP Wis.)) ,) (VP estimated (SBAR 0 (S (NP-SBJ (NP earnings) (PP for (NP (NP its fourth quarter) (VP ended (NP-TMP-CLR Sept. 30))))) (VP fell (NP-EXT 50 %) (PP-CLR to (NP 75 %)) (PP below (NP (NP the year-earlier (QP $ 4.5 million) *U*) , or (NP (NP 51 cents) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ The truck maker) (VP said (SBAR 0 (S (NP-SBJ (NP the significant drop) (PP in (NP net income))) (VP will (VP result (PP-CLR in (NP (NP lower earnings) (PP for (NP the fiscal year))))))))) .)) (TOP (S (PP-TMP In (NP fiscal 1988)) , (NP-SBJ the company) (VP earned (NP (NP (QP $ 17.3 million) *U*) , or (NP (NP $ 1.92 *U*) (NP-ADV a share)) ,) (PP on (NP (NP revenue) (PP of (NP (QP $ 352.9 million) *U*))))) .)) (TOP (S (NP-SBJ Oshkosh Truck) (VP attributed (NP (NP the downturn) (PP-LOC in (NP its earnings))) (PP-CLR to (NP (NP (NP higher start-up costs) (PP of (NP its new chassis division))) , (NP a softer motor-home market) and (NP (NP higher administrative costs) (PP of (NP (NP compliance) (PP with (NP government contractor regulations)))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (PP-PRD in (NP (NP the process) (PP of (S-NOM (NP-SBJ *) (VP phasing (PRT out) (NP (NP John Deere) , (NP (NP its current source) (PP of (NP production)) (PP for (NP midsized motor home chassis))))))))))))) .)) (TOP (S (PP In (NP (NP anticipation) (PP of (NP (NP the start-up) (PP of (NP its new factory)))))) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-1 a larger-than-normal chassis supply) (VP has (VP been (VP built (NP (NP *-1) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP carry (NP it) (PP through (NP the transition period))))))))))))) .)) (TOP (S (NP-SBJ Tokyo stocks) (VP edged (ADVP-DIR up) (NP-TMP Wednesday) (PP in (NP (ADJP (ADJP relatively active) but (ADJP unfocused)) trading))) .)) (TOP (S (NP-SBJ London shares) (VP finished (ADJP moderately higher)) .)) (TOP (S (PP-LOC At (NP Tokyo)) , (NP-SBJ (NP the Nikkei index) (PP of (NP 225 selected issues)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP gained (NP 132 points) (NP-TMP Tuesday)))) ,) (VP added (NP 14.99 points) (PP-CLR to (NP 35564.43))) .)) (TOP (S (PP-LOC In (NP (NP early trading) (PP-LOC in (NP Tokyo)))) (NP-TMP Thursday) , (NP-SBJ the Nikkei index) (VP fell (NP-EXT 63.79 points) (PP-DIR to (NP 35500.64))) .)) (TOP (S (NP-SBJ-1 (NP (NP Wednesday 's) volume) (PP on (NP the First Section))) (VP was (VP estimated (NP *-1) (PP-CLR at (NP (QP 900 million) shares)) , (PP in (NP (NP line) (PP with (NP (NP Tuesday 's) (QP 909 million))))))) .)) (TOP (S (NP-SBJ Declining issues) (VP (ADVP slightly) outnumbered (NP advancing issues) , (NP-ADV (NP 454) (PP to (NP 451)))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Investors) (VP switched (NP trading focus) (ADVP-MNR quickly) (SBAR-ADV as (S (NP-SBJ they) (VP did (NP-ADV Tuesday)))) , (S-ADV (NP-SBJ *-1) (VP reflecting (NP (NP uncertainty) (PP about (NP (NP long-term commitments) (PP to (NP any issue or sector))))))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Speculation) , (PP on (NP the other hand)) , (VP sparked (NP (NP buying) (PP-LOC in (NP certain incentive-backed issues))) , (SBAR-ADV though (S (NP-SBJ (NP rumors) (VP underlying (NP such shares))) (ADVP-TMP eventually) (VP proved (ADJP-PRD untrue))))) .)) (TOP (S-1 (NP-SBJ The development) (PRN , (S (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1)))) ,) (VP showed (SBAR that (S (NP-SBJ there) (VP is (NP-PRD (NP (ADJP (ADVP more than) ample) liquidity) (ADJP available (PP for (NP investment)))) (PP despite (NP (NP the market 's) recent directionless trend)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Dealers) (VP led (NP the market) (NP-TMP Wednesday) (PP-MNR by (S-NOM (NP-SBJ *-1) (ADVP-MNR actively) (VP trading (PP for (NP their own accounts))))))) , (NP-SBJ observers) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Institutions) (ADVP mostly) (VP remained (PP-LOC on (NP the sidelines)) (PP-PRP because of (NP (NP uncertainty) (VP regarding (NP (NP interest rates) and (NP the dollar)))))) .)) (TOP (S (NP-SBJ (NP The Tokyo Stock Price Index) (PRN -LRB- (NP Topix) -RRB-) (PP of (NP (NP all issues) (VP listed (NP *) (PP-LOC-CLR in (NP the First Section))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP gained (NP 16.05 points) (NP-TMP Tuesday)))) ,) (VP was (ADVP-PRD down (NP (NP 1.46 points) , or (NP 0.05 %) ,)) (PP-CLR at (NP 2691.19))) .)) (TOP (S (NP-SBJ-2 (NP The Second Section index) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP added (NP 6.84 points) (NP-TMP Tuesday)))) ,) (VP was (ADVP-PRD up (NP (NP 5.92 points) , or (NP 0.16 %) ,)) (S-CLR (NP-SBJ *-2) (VP to (VP close (PP-CLR at (NP 3648.82)))))) .)) (TOP (S (NP-SBJ-1 (NP Volume) (PP-LOC in (NP the second section))) (VP was (VP estimated (NP *-1) (PP-CLR at (NP 18 million shares)) , (ADVP-CLR up (PP from (NP (NP 14 million) (NP-TMP Tuesday)))))) .)) (TOP (S (NP-SBJ (NP Akio Yamamoto) , (NP (NP managing director) (PP of (NP Nomura Investment Trust Management))) ,) (VP said (SBAR that (S (SBAR-ADV if (S (NP-SBJ the U.S. federal funds rate) (VP declines (PP-CLR to (NP (QP around 8.5) %))))) , (NP-SBJ institutions) (VP would (VP (VP acquire (NP (NP a clearer idea) (VP regarding (NP (NP the direction) (PP of (NP the market)))))) and (ADVP thus) (VP (ADVP-MNR more comfortably) participate (PP-CLR in (NP active buying)))))))) .)) (TOP (S (NP-SBJ (NP (NP Tokyu Group) , (NP Mitsubishi Estate) and (NP Bridgestone/Firestone)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP advanced (NP-TMP Tuesday)))) ,) (VP declined (PP on (NP profit-taking))) .)) (TOP (S (NP-SBJ (NP Wednesday 's) dominant issue) (VP was (NP-PRD (NP Yasuda Fire & Marine Insurance) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP continued (S (NP-SBJ *-2) (VP to (VP surge))) (PP on (NP (NP rumors) (PP of (NP speculative buying))))))))) .)) (TOP (S (NP-SBJ It) (VP ended (NP the day) (ADVP-CLR up (NP (NP 80 yen) (PRN -LRB- (NP 56 cents) -RRB-)) (PP-DIR to (NP (NP 1,880 yen) (PRN -LRB- (NP $ 13.15 *U*) -RRB-))))) .)) (TOP (S (PP Due to (NP (NP (ADJP continuingly high) gold prices) (VP tied (NP *) (PP-CLR to (NP (NP uncertainty) (PP about (NP the U.S. currency))))))) , (NP-SBJ-1 investor interest) (VP was (VP (VP directed (NP *-1) (PP-DIR toward (NP oil and mining shares))) , (SBAR (WHNP-2 which) (S (NP-SBJ traders) (VP called (S (NP-SBJ *T*-2) (NP-PRD (NP a `` defensive '' action) (VP (ADVP-TMP frequently) taken (NP *) (UCP-TMP (SBAR (WHADVP-3 when) (S (NP-SBJ-4 the dollar) (VP is (VP expected (S (NP-SBJ *-4) (VP to (VP fall))) (ADVP-TMP *T*-3))))) or (PP during (NP (NP times) (PP of (NP inflation))))))))))))) .)) (TOP (S (NP-SBJ (NP Teikoku Oil) , (VP (ADVP also) stimulated (NP *) (PP by (NP-LGS (NP rumors) (PP of (NP speculative buying))))) ,) (VP advanced (NP-ADV 100 yen) (PP-DIR to (NP 1,460))) .)) (TOP (S (S (NP-SBJ Showa Shell) (VP gained (NP-EXT 20) (PP-DIR to (NP 1,570)))) and (S (NP-SBJ Mitsubishi Oil) (VP rose (NP-EXT 50) (PP-DIR to (NP 1,500)))) .)) (TOP (S (S (NP-SBJ Sumitomo Metal Mining) (VP fell (NP-EXT five yen) (PP-DIR to (NP 692)))) and (S (NP-SBJ Nippon Mining) (VP added (NP-EXT 15) (PP-DIR to (NP 960)))) .)) (TOP (SINV (PP-PRD-2 Among (NP other winners)) (NP-TMP Wednesday) (VP was (PP-PRD *T*-2)) (NP-SBJ (NP Nippon Shokubai) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (ADVP-PRD up (NP 80)) (PP-CLR at (NP 2,410)))))) .)) (TOP (S (NP-SBJ Marubeni) (VP advanced (NP-EXT 11) (PP-DIR to (NP 890))) .)) (TOP (S (NP-SBJ-1 London share prices) (VP were (VP bolstered (NP *-1) (PP (ADVP largely) by (NP-LGS (NP (NP continued gains) (PP-LOC on (NP Wall Street))) and (NP (NP technical factors) (VP affecting (NP (NP demand) (PP for (NP (NP London 's) blue-chip stocks))))))))) .)) (TOP (S (NP-SBJ The Financial Times-Stock Exchange 100-share index) (VP closed (ADVP-CLR (NP 17.5 points) higher) (PP-CLR at (NP 2160.1))) .)) (TOP (S (NP-SBJ-1 It) (VP rose (ADVP largely) (PP-TMP throughout (NP the session)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP posting (NP (NP an intraday low) (PP of (NP 2141.7))) (PP-TMP in (NP (NP the first 40 minutes) (PP of (NP trading)))))))) .)) (TOP (S (NP-SBJ The index) (VP ended (NP the day) (PP-CLR near (NP (NP its session high) (PP of (NP 2163.2)) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP posted (NP *-1) (PP-TMP within (NP (NP the last half-hour) (PP of (NP trading))))))))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ-1 most investor interest) (VP was (VP focused (NP *-1) (PP-CLR on (NP (NP defensive blue-chip stocks) , (NP (NP particularly those) (PP with (NP limited U.K. exposure)))))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ-1 several key blue chips) (VP were (VP pushed (ADVP-CLR higher) (PP in (NP thin volume)) (PP-PRP because of (NP (NP a technical squeeze) (PP-LOC among (NP market makers)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Sterling 's) firm tone) , (PP combined (PP with (NP (NP a steady opening) (PP-LOC on (NP Wall Street))))) ,) (ADVP also) (VP tempted (S (NP-SBJ some investors) (VP to (VP come (ADVP back) (PP-DIR to (NP the market))))))) , (NP-SBJ dealers) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ There) (VP were (NP-PRD concerns (SBAR *ICH*-1)) (ADVP-TMP early (PP in (NP the day))) (SBAR-1 that (S (NP-SBJ (NP (NP Wall Street 's) sharp gains) (PP-TMP on (NP Tuesday))) (VP were (ADJP-PRD (ADJP overdone) and (ADJP due (PP for (NP a reversal)))))))) .)) (TOP (S (NP-SBJ The FT 30-share index) (VP settled (ADVP-CLR (NP 16.7 points) higher) (PP-CLR at (NP 1738.1))) .)) (TOP (S (NP-SBJ Volume) (VP was (NP-PRD 372.9 million shares) , (ADVP-CLR up (PP from (NP (NP (QP 334.5 million)) (PP-TMP on (NP Tuesday)))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ institutions) (VP were (ADVP-TMP still) (ADVP largely) (VP hugging (NP the sidelines) (PP on (NP fears (SBAR that (S (NP-SBJ (NP the market 's) recent technical rally) (VP might (VP prove (ADJP-PRD fragile)))))))))))) .)) (TOP (S (NP-SBJ They) (VP cited (NP (NP (NP Wall Street 's) recent volatility) and (NP (NP the lack) (PP of (NP (NP a clear indication) (PP over (NP (NP the market 's) short-term direction)))))) (PP-CLR as (NP (NP factors) (PP in (NP the institutional caution))))) .)) (TOP (S (NP-SBJ-1 (NP Jaguar) , (NP (NP a U.K. luxury auto maker) (VP being (VP pursued (NP *) (PP by (NP-LGS (NP Ford Motor) and (NP General Motors)))))) ,) (VP gained (NP-EXT (NP 10 pence) (PRN -LRB- (NP 16 cents) -RRB-) (NP-ADV a share)) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP 879 pence) (PRN -LRB- (NP $ 13.90 *U*) -RRB-))))))) .)) (TOP (S (NP-SBJ It) (VP shed (NP-EXT (QP about 7) pence) , (ADVP however) , (SBAR-TMP after (S (NP-SBJ dealers) (VP said (SBAR 0 (S (NP-SBJ the market) (VP was (VP disappointed (SBAR that (S (NP-SBJ-1 Ford) (VP did n't (VP move (S (NP-SBJ *-1) (VP to (VP tender (NP (NP a bid) (PP for (NP (NP control) (PP of (NP the company)))))))))))))))))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ (NP (NP the U.K. government 's) decision (S *ICH*-1)) (NP-TMP Tuesday) (S-1 (NP-SBJ *) (VP to (VP waive (NP (NP its protective `` golden share '') (PP in (NP the auto maker))))))) (VP raised (NP (NP prospects) (PP of (NP (NP a bidding war) (PP between (NP the two U.S. auto giants))))))))) .)) (TOP (S But (NP-SBJ-1 the waiver) (ADVP also) (VP was (VP seen (NP *-1) (PP-CLR as (NP a signal (SBAR that (S (NP-SBJ-2 (NP Ford) , (NP a major U.K. auto industry employer) ,) (VP was (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP gain (NP (NP government acceptance) (PP of (NP (NP its bid) (PP for (NP (NP control) (PP of (NP Jaguar)))))))))))))))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ that interpretation) (VP sparked (NP (NP expectations) (PP of (NP (NP an imminent bid) (PP by (NP Ford))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP B.A.T Industries) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP being (VP pursued (NP *-1) (PP by (NP-LGS (NP Sir James Goldsmith 's) Hoylake Investments))))))) ,) (VP rose (NP-EXT 9) (PP-CLR to (NP 753)) (PP on (NP speculation (SBAR that (S (NP-SBJ Hoylake) (VP will (VP sweeten (NP its bid))))))))) , (NP-SBJ dealers) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (PP Like (NP Jaguar)) , (NP-SBJ B.A.T) (ADVP also) (VP eased (PP-CLR off (NP its highs)) (PP-TMP in (NP afternoon dealings))) .)) (TOP (S (NP-SBJ (NP Reed International) , (NP a U.K. publishing group) ,) (VP gained (NP-EXT 15) (PP-CLR to (NP 397)) (PP despite (S-NOM (NP-SBJ *) (VP reporting (NP (NP a (ADJP 3.7 %) drop) (PP in (NP interim pretax profit))))))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR (SBAR 0 (S (NP-SBJ (NP the fall) (PP-LOC in (NP pretax profit))) (VP was (ADJP-PRD due (PP to (NP (NP (NP the group 's) recent restructuring and sale) (PP of (NP peripheral units)))))))) , and (SBAR that (S (NP-SBJ its remaining businesses) (VP are (VP performing (ADVP-MNR well))))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ the market) (VP agreed)))) .)) (TOP (S (NP-SBJ (NP Stocks) (VP boosted (NP *) (PP by (NP-LGS (NP market-makers) (VP shopping (S-PRP (NP-SBJ *) (VP to (VP cover (NP (NP book requirements) (PP in (NP FT-SE 100 shares))))))))))) (VP included (NP (NP Carlton Communications) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP climbed (NP-EXT 32) (PP-CLR to (NP 778))))))) .)) (TOP (S (NP-SBJ (NP Drug companies) (PP-LOC in (NP the key index))) (ADVP also) (VP notched (NP gains) (SBAR-ADV as (S (NP-SBJ market-makers) (VP searched (PP-CLR for (NP stock)) (PP in (NP (NP anticipation) (PP of (NP (NP demand) (ADJP due (PP to (NP (NP the sector 's) defensive qualities))))))))))) .)) (TOP (S (NP-SBJ Wellcome) (VP gained (NP-EXT 18) (PP-CLR to (NP 666)) (PP on (NP a modest (QP 1.1 million) shares))) .)) (TOP (S (NP-SBJ (NP Glaxo) , (NP (NP the U.K. 's) largest pharmaceutical concern) ,) (VP advanced (NP-EXT 23) (PP-CLR to (NP # 14.13 *U*))) .)) (TOP (S (NP-SBJ Stock prices) (VP (VP closed (ADVP-CLR higher) (PP-LOC-2 in (NP Stockholm , Amsterdam and Frankfurt))) and (VP (ADJP-PRD=1 lower) (PP-LOC=2 in (NP Zurich)))) .)) (TOP (S (NP-SBJ Paris , Brussels , and Milan) (VP were (ADJP-PRD closed (PP for (NP a holiday)))) .)) (TOP (S (NP-SBJ (ADJP South African) gold stocks) (VP closed (ADJP marginally lower)) .)) (TOP (S (ADVP-LOC Elsewhere) , (NP-SBJ share prices) (VP (VP closed (ADVP-CLR higher) (PP-LOC in (NP Singapore , Taipei and Wellington))) , (VP (VP were (ADJP-PRD-1 mixed) (PP-LOC-2 in (NP Hong Kong))) , (VP (ADJP-PRD=1 lower) (PP-LOC=2 in (NP Seoul))) and (VP (ADJP-PRD=1 little changed) (PP-LOC=2 in (NP Sydney))))) .)) (TOP (S (NP-SBJ Manila markets) (VP were (ADJP-PRD closed (PP for (NP a holiday)))) .)) (TOP (SINV (ADVP-LOC-PRD-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP price trends) (PP-LOC on (NP (NP the world 's) major stock markets)) , (SBAR-ADV as (S (NP-SBJ-2 *) (VP calculated (NP *-2) (PP by (NP-LGS (NP Morgan Stanley Capital International Perspective) , (NP-LOC Geneva))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP make (S (NP-SBJ them) (ADJP-PRD directly comparable))))) , (NP-SBJ-1 each index) (VP is (VP based (NP *-1) (PP-LOC-CLR on (S-NOM (NP-SBJ (NP the close) (PP of (NP 1969))) (VP equaling (NP 100)))))) .)) (TOP (S (NP-SBJ The percentage change) (VP is (PP-TMP-PRD since (NP year-end))) .)) (TOP (S (NP-SBJ-1 The following issues) (VP were (ADVP-TMP recently) (VP filed (NP *-1) (PP-CLR with (NP the Securities and Exchange Commission)))) :)) (TOP (NP (NP Intermec Corp.) , (NP (NP offering) (PP of (NP 1,050,000 common shares))) , (PP via (NP (NP Goldman , Sachs & Co.) and (NP Piper , Jaffray & Hopwood Inc))) .)) (TOP (NP (NP Middlesex Water Co.) , (NP (NP offering) (PP of (NP (NP 150,000 shares) (PP of (NP common stock))))) , (PP via (NP (NP Legg Mason Wood Walker Inc.) and (NP Howard , Weil , Labouisse , Friedrichs Inc))) .)) (TOP (NP (NP Midwesco Filter Resources Inc.) , (NP (NP initial offering) (PP of (NP (NP 830,000 common shares) (SBAR *PPA*-3))) , (SBAR-3 (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP offered (NP *-1) (PP by (NP-LGS the company)))))))) , (PP via (NP Chicago Corp)) .)) (TOP (NP (NP Nylev Municipal Fund Inc.) , (NP (NP offering) (PP of (NP (QP five million) common shares))) .)) (TOP (NP (NP Occidental Petroleum Corp.) , (NP (NP shelf offering) (PP of (NP (NP (QP $ 1.5 billion) *U*) (PP in (NP senior debt securities))))) .)) (TOP (NP (NP Prime Motor Inns Inc.) , (NP (NP offering) (PP of (NP (ADJP (QP up to $ 300 million) *U*) zero coupon convertible debentures))) , (PP via (NP (NP Drexel Burnham Lambert Inc.) and (NP Montgomery Securities))) .)) (TOP (NP (NP Service Fracturing Co.) , (NP (NP proposed offering) (PP of (NP (NP (QP 1.2 million) shares) (PP of (NP common stock))))) , (PP via (NP (NP Lovett Mitchell Webb & Garrison , Inc.) , and (NP Blunt Ellis & Loewi Inc))) .)) (TOP (NP (NP Western Gas Resources Inc.) , (NP (NP initial offering) (PP of (NP (NP 3,250,000 shares) (PP of (NP common stock)) , (SBAR (WHPP-2 of (WHNP which)) (S (S (NP-SBJ-1 (NP 3,040,000 shares) (PP *T*-2)) (VP will (VP be (VP sold (NP *-1) (PP-3 by (NP-LGS the company)))))) and (S (NP-SBJ=1 (NP 210,000 shares) (PP *T*-2)) (PP=3 by (NP-LGS a holder)))))))) , (PP via (NP (NP Prudential-Bache Capital Funding) , (NP Smith Barney , Harris Upham & Co.) , and (NP Hanifen , Imhoff Inc))) .)) (TOP (S-HLN (NP-SBJ *) (VP Hold (NP the Putty)) !)) (TOP (S (S (PP With (NP lipsticks , liners , lotions and creams)) , (NP-SBJ There) (VP are (ADVP-TMP still) (NP-PRD (NP beauty plans) (VP left) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP tackle (NP *T*-1)))))))) : (S But (SBAR-ADV as (S (NP-SBJ the years) (VP go (ADVP-DIR by)))) , (NP-SBJ it) (VP seems (SBAR That (S (SBAR-TMP before (S (NP-SBJ I) (VP paint))) , (NP-SBJ I) (VP should (VP spackle)))))) .)) (TOP (NP -- Pat D'Amico .)) (TOP (S (NP-SBJ-1 (NP Criminal charges) (VP *ICH*-2)) (VP were (VP filed (NP *-1) (PP-CLR against (NP (NP Diceon Electronics Inc.) and (NP two company officials))) (VP-2 alleging (NP (NP waste disposal violations) (PP in (NP its (NAC-LOC Chatsworth , Calif. ,) facility)))))) .)) (TOP (S (NP-SBJ (NP The Los Angeles County district attorney 's) office) (VP filed (NP (NP seven felony and five misdemeanor counts) (VP charging (SBAR that (S (NP-TMP (NP late last year) and (NP early this year)) (NP-SBJ the (ADJP Irvine , Calif.-based) circuit-board manufacturer) (ADVP illegally) (VP (VP disposed (PP-CLR of (NP (NP acid) , (NP caustic) and (NP heavy metals))) (PP-DIR into (NP the sewer system))) , and (VP stored (NP hazardous materials) (PP-LOC-CLR in (NP (ADJP leaky , unlabeled or open-top) containers))))))))) .)) (TOP (SINV (VP-TPC-1 Named (NP *-2) (PP-CLR as (NP defendants))) (VP were (VP *T*-1)) (NP-SBJ-2 (NP (NP Roland Matthews) , (NP president) ,) and (NP (NP Peter Jonas) , (NP (NP (NP executive vice president) and (NP chief financial officer)) , (PP as well as (NP a former plant manager))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ local authorities) (VP (VP held (NP (NP hearings) (PP on (NP the allegations))) (NP-TMP last spring)) and (VP had (VP returned (NP the plant) (PP-CLR to `` (NP routine inspection) '') (PP-TMP in (NP August)))))))) .)) (TOP (S `` (S (NP-SBJ The company) (VP does not (VP feel (SBAR that (S (NP-SBJ (NP it) or (NP (NP any) (PP of (NP the individuals)))) (VP violated (NP any criminal statute))))))) and (S (NP-SBJ the company) (VP expects (NP (NP full vindication) (PP-LOC in (NP court))))) . '')) (TOP (S (NP-SBJ-1 Arraignments) (VP are (VP scheduled (NP *-1) (PP-TMP-CLR for (NP Nov. 14)))) .)) (TOP (S (NP-SBJ Consumer confidence) (VP stayed (ADJP-PRD strong) (PP-TMP in (NP October)) , (PP despite (NP (NP the unsettling gyrations) (PP of (NP the stock market))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 (NP The sharp stock market decline) (PP-TMP in (NP late October))) (VP appears (S (NP-SBJ *-1) (VP to (VP have (VP had (NP little or no effect) (PP-CLR on (NP consumers)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Fabian Linden) , (NP (NP executive director) (PP of (NP (NP the Conference Board 's) consumer research center)))) .)) (TOP (S `` (NP-SBJ (NP Survey returns) (VP received (NP *) (PP-TMP after (NP (NP the drop) (PP in (NP the Dow Jones average)))))) (VP were (NP-PRD (NP about the same) (SBAR as (S (NP-SBJ the views) (VP expressed (ADVP-TMP prior (PP to (NP that event)))))))) . '')) (TOP (S (NP-SBJ The nonprofit , industry-supported group) (VP said (SBAR 0 (S (NP-SBJ-1 its Consumer Confidence Index) (VP was (NP-PRD 116.4) (PP-TMP in (NP October)) , (S-ADV (NP-SBJ-2 *-1) (VP (ADVP barely) changed (NP *-2) (PP from (NP (NP a revised 116.3) (PP-TMP in (NP September)))))))))) .)) (TOP (S (NP-SBJ The index) (VP (VP was (NP-PRD 116.9) (PP-TMP in (NP October 1988))) and (VP (PP-TMP in (NP the past year)) has (VP ranged (PP (PP from (NP (NP a low) (PP of (NP 112.9)))) (PP to (NP (NP a high) (PP of (NP 120.7)))))))) .)) (TOP (S (NP-SBJ It) (VP uses (NP (NP a base) (PP of (NP 100)) (PP-TMP in (NP 1985)))) .)) (TOP (S (PP-TMP In (NP October)) , (NP-SBJ (NP more people) (PP *ICH*-1)) (VP said (SBAR that (S (NP-SBJ present business conditions) (VP were `` (ADJP-PRD good) ''))) (PP-1 than (PP-TMP in (NP September)))) .)) (TOP (S (NP-SBJ (NP An equal number) (PP-TMP in (NP each month))) (VP said (SBAR that (S (NP-SBJ employment conditions) (VP were (ADJP-PRD good))))) .)) (TOP (S And (NP-SBJ (NP 19.6 %) (PP of (NP (NP consumers) (VP contacted (NP *))))) (VP believed (SBAR 0 (S (NP-SBJ business conditions) (VP will (VP improve (PP-TMP in (NP the coming six months)))))) , (PP compared (PP with (NP (NP 18.3 %) (PP-TMP in (NP September)))))) .)) (TOP (S (ADVP Also) , (NP-SBJ more people) (VP said (SBAR 0 (S (NP-SBJ conditions) (VP will (VP worsen (PP-TMP in (NP the period))))))) .)) (TOP (S -LRB- (NP-SBJ Fewer) (VP said (SBAR 0 (S (NP-SBJ conditions) (VP wo n't (VP change))))) . -RRB-)) (TOP (S (PP-TMP In (NP October 1988)) , (NP-SBJ 21.1 %) (VP said (SBAR 0 (S (NP-SBJ business conditions) (VP would (VP improve))))) .)) (TOP (S (PP-TMP In (NP October 1989)) , (NP-SBJ 16.9 %) (VP said (SBAR 0 (S (NP-SBJ-1 more jobs) (VP will (VP be (VP created (NP *-1) (PP-TMP in (NP the coming six months))))))) , (PP compared (PP with (NP (NP (NP 17.4 %) (PP-TMP in (NP September))) and (NP (NP 18.6 %) (PP-TMP in (NP October 1988))))))) .)) (TOP (S (NP-SBJ (NP Only 26.8 %) (PP-TMP in (NP October))) , (PP compared (PP with (NP (NP (NP 28.5 %) (PP-TMP in (NP September))) and (NP (NP 26.8 %) (PP-TMP in (NP October 1988)))))) , (VP said (SBAR 0 (S (NP-SBJ income) (VP would (VP increase))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-3 (NP The sustained level) (PP of (NP confidence))) (VP can (VP be (VP attributed (NP *-3) (PP-CLR to (NP (NP the continued favorable circumstances) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP affect (NP (NP the consumer 's) day-to-day economic life)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ Mr. Linden) .)) (TOP (S `` (S (NP-SBJ Unemployment) (VP continues (PP-CLR at (NP a relatively low level)) , (S-ADV (NP-SBJ *) (VP providing (NP (NP a sense) (PP of (NP job security))))))) , and (S (NP-SBJ a low inflation rate) (VP has (VP kept (S (NP-SBJ (NP the purchasing power) (PP of (NP the weekly paycheck))) (ADJP-PRD reasonably strong))))) . '')) (TOP (S (NP-SBJ-2 The consumer confidence survey) , (S-ADV (NP-SBJ *-2) (VP covering (NP 5,000 U.S. households))) , (VP is (VP conducted (NP *-2) (PP-TMP in (NP (NP the first two weeks) (PP of (NP each month)))) (PP for (NP the Conference Board)) (PP by (NP-LGS (NP National Family Opinion Inc.) , (NP a (NAC-LOC Toledo , Ohio ,) market researcher))))) .)) (TOP (S (NP-SBJ Buying plans) (VP were (ADJP-PRD mixed) (PP-TMP in (NP October)) , (PP with (S-NOM (S (NP-SBJ fewer households) (VP indicating (NP plans (S (NP-SBJ *) (VP to (VP buy (NP cars))))))) and (S (NP-SBJ more) (VP saying (SBAR 0 (S (NP-SBJ they) (VP will (VP buy (NP homes and appliances) (PP-TMP in (NP the coming six months))))))))))) .)) (TOP (S (PP-TMP In (NP October)) , (NP-SBJ (NP 6.7 %) (PP of (NP respondents))) (VP said (SBAR 0 (S (NP-SBJ they) (VP will (VP buy (NP a car))))) , (S-ADV (NP-SBJ *) (VP easing (PP-CLR from (NP (NP September) (SBAR (WHADVP-1 when) (S (NP-SBJ 8.1 %) (VP anticipated (NP a purchase) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (PP-TMP In (NP October 1988)) , (NP-SBJ 7.3 %) (VP said (SBAR 0 (S (NP-SBJ they) (VP would (VP buy (NP a car)))))) .)) (TOP (S (NP-SBJ Home purchase plans) (VP increased (PP-DIR to (NP 3.3 %)) (PP-DIR from (NP 3.1 %)) (PP-TMP in (NP the two recent months))) .)) (TOP (S (PP-TMP In (NP October 1988)) , (NP-SBJ 3.7 %) (VP said (SBAR 0 (S (NP-SBJ they) (VP would (VP buy (NP a house)))))) .)) (TOP (S (PP-TMP In (NP 1989)) , (NP-SBJ home purchase plans) (VP have (VP ranged (ADVP-TMP monthly) (PP-DIR (PP from (NP (NP 2.9 %) (PP *RNR*-1))) (PP to (NP (NP 3.7 %) (PP *RNR*-1))) (PP-1 of (NP respondents))))) .)) (TOP (S (PP-TMP In (NP October)) , (NP-SBJ 30.6 %) (VP said (SBAR 0 (S (NP-SBJ they) (VP will (VP buy (NP appliances) (PP-TMP in (NP the coming six months)))))) , (PP compared (PP with (NP (NP (NP 27.4 %) (PP-TMP in (NP September))) and (NP (NP 26.5 %) (PP-TMP in (NP October 1988))))))) .)) (TOP (S (PP Despite (NP (NP a deluge) (PP of (NP economic news)))) , (S (NP-SBJ the Treasury market) (VP remained (ADJP-PRD quiet))) but (S (NP-SBJ the corporate market) (VP was (ADJP-PRD abuzz (PP over (NP (NP International Business Machines Corp. 's) huge debt offering))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ There) (VP were (NP-PRD (ADJP so many) economic reports))) but (S (NP-SBJ the market) (VP did n't (VP care (PP-CLR about (NP (NP any) (PP of (NP them)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Kathleen Camilli) , (NP (NP a money market economist) (PP-LOC at (NP Drexel Burnham Lambert Inc)))) .)) (TOP (S `` (S-TPC-1 So (NP-SBJ the focus) (VP turned (PP-CLR to (NP (NP other fixed-income markets) , (UCP (ADJP corporate) and (NP mortgages)) (PP in (ADJP particular)))))) , '' (NP-SBJ she) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP IBM) , (NP the giant computer maker) ,) (VP offered (NP (NP (QP $ 750 million) *U*) (PP of (NP non-callable 30-year debentures)) (VP priced (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP-EXT (NP 8.47 %) , or (ADJP (ADJP (NP-ADV (QP about 1) percentage point) higher) (PP than (NP (NP the yield) (PP on (NP 30-year Treasury bonds)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The size) (PP of (NP (NP IBM 's) issue))) (VP was (VP increased (NP *-1) (PP-CLR from (NP an (ADJP originally planned) (QP $ 500 million) *U*)) (SBAR-ADV as (S (NP-SBJ-2 money managers and investors) (VP scrambled (S (NP-SBJ *-2) (VP to (VP buy (NP the bonds))))))))) .)) (TOP (SINV (S-TPC-2 (PP-LOC In (NP the investment-grade corporate market)) , `` (NP-SBJ it) (VP 's (ADJP-PRD rare (SBAR that (S (NP-SBJ you) (VP get (NP an opportunity (S (NP-SBJ *) (VP to (VP buy (NP (NP a name) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP has (NP such broad appeal)) and (VP has (NP such attractive call features)))))))))))))))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP James Ednie) , (NP a Drexel industrial bond trader)) .)) (TOP (S (NP-SBJ Money managers) (VP ranked (NP (NP IBM 's) offering) (PP-CLR as (NP (NP the (ADJP most significant) investment-grade sale) (PP of (NP the year)))) (SBAR-PRP because (S (NP-SBJ (NP large issues) (PP of (NP long-term debt)) (PP by (NP (NP companies) (PP with (NP triple-A credit))))) (VP are (ADJP-PRD infrequent))))) .)) (TOP (S (NP-SBJ-1 (NP Syndicate officials) (PP-LOC at (NP lead underwriter Salomon Brothers Inc.))) (VP said (SBAR 0 (S (NP-SBJ the debentures) (VP were (VP snapped (X (PP by)) (PRT up) (NP *-1) (X (NP-LGS (NP pension funds) , (NP banks) , (NP insurance companies) and (NP other institutional investors)))))))) .)) (TOP (S (PP-LOC In (NP the Treasury market)) , (NP-SBJ investors) (VP paid (NP (NP scant attention) (PP to (NP (NP (NP the day 's) economic reports) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (PP for (NP the most part)) (VP provided (NP (NP a mixed view) (PP of (NP the economy)))))))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV Whether (S (NP-SBJ you) (VP thought (SBAR 0 (S (NP-SBJ the economy) (VP was (VP (VP growing (ADJP-PRD weak)) or (VP holding (S-ADV (NP-SBJ *) (ADJP-PRD steady)))))))))) , (NP-SBJ (NP yesterday 's) economic indicators) (VP did n't (VP change (NP your opinion)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Charles Lieberman) , (NP (NP a managing director) (PP-LOC at (NP Manufacturers Hanover Securities Corp)))) .)) (TOP (S (NP-SBJ The government) (VP reported (SBAR that (S (NP-SBJ (NP orders) (PP for (NP manufactured goods))) (VP were (ADJP-PRD essentially unchanged) (PP-TMP in (NP September)) (SBAR-ADV while (S (NP-SBJ construction spending) (VP was (ADJP-PRD slightly lower)))))))) .)) (TOP (S (NP-SBJ-1 Both indicators) (VP were (VP viewed (NP *-1) (PP-CLR as (NP signs (SBAR that (S (NP-SBJ (NP the nation 's) industrial sector) (VP is (VP growing (ADVP-MNR very slowly) , (FRAG-ADV if (ADVP at all)))))))))) .)) (TOP (S (NP-SBJ (NP (NP A survey) (PP by (NP (NP the Federal Reserve 's) 12 district banks))) and (NP (NP the latest report) (PP by (NP (NP the National Association) (PP of (NP Purchasing Management)))))) (VP blurred (NP (NP that picture) (PP of (NP the economy)))) .)) (TOP (S (PP-LOC In (NP (NP a monthly report) (VP prepared (NP *) (PP-CLR for (NP (NP use) (PP at (NP (NP (NP the Fed 's) next Federal Open Market Committee meeting) (PP-TMP on (NP Nov. 14.))))))))) , (NP-SBJ (NP the nation 's) central bank) (VP found (SBAR that (S (S (NP-SBJ price increases) (VP have (VP moderated))) and (S (NP-SBJ economic activity) (VP has (VP grown (PP-MNR at (NP a sluggish pace)) (PP-TMP in (NP recent weeks)))))))) .)) (TOP (S (PP Among (NP other things)) , (NP-SBJ the survey) (VP found (SBAR that (S (NP-SBJ manufacturing activity) (VP varied (ADVP considerably) (PP-LOC (PP across (NP districts)) and (PP among (NP industries))))))) .)) (TOP (S (NP-SBJ The Philadelphia and Cleveland districts) , (PP for (NP example)) , (VP reported (NP (NP declines) (PP-LOC in (NP manufacturing activity))) (SBAR-ADV while (S (NP-SBJ the Boston , Dallas and San Francisco banks) (VP noted (SBAR that (S (NP-SBJ business) (VP expanded))))))) .)) (TOP (S (NP-SBJ (NP The purchasing managers index) (PP of (NP economic activity))) (VP rose (PP-TMP in (NP October)) , (SBAR-ADV although (S (NP-SBJ it) (VP remains (PP-CLR below (NP 50 %)))))) .)) (TOP (S (NP-SBJ (NP A reading) (PP below (NP 50 %))) (VP indicates (SBAR that (S (NP-SBJ the manufacturing sector) (VP is (VP slowing)))) (SBAR-ADV while (S (NP-SBJ (NP a reading) (PP above (NP 50 %))) (VP suggests (SBAR that (S (NP-SBJ the industry) (VP is (VP expanding)))))))) .)) (TOP (S (NP-SBJ Mr. Lieberman) (VP said (SBAR 0 (S (NP-SBJ (NP the diverse showing) (PP-LOC in (NP (NP yesterday 's) reports))) `` (ADVP only) (VP enhances (NP (NP the importance) (PP of (NP the employment data))))))) . '')) (TOP (S (NP-SBJ (NP The employment report) , (SBAR (WHNP-1 which) (S (PP-TMP at (NP times)) (NP-SBJ *T*-1) (VP has (VP caused (NP (NP wide swings) (PP-LOC in (NP bond prices))))))) ,) (VP is (ADJP-PRD due out) (NP-TMP tomorrow)) .)) (TOP (S (NP-SBJ (NP The average estimate) (PP of (NP (NP 22 economists) (VP polled (NP *) (PP by (NP-LGS Dow Jones Capital Markets Report)))))) (VP was (SBAR-PRD that (S (NP-SBJ non-farm payrolls) (VP expanded (PP-EXT by (NP 152,000)) (PP-TMP in (NP October)))))) .)) (TOP (S (NP-SBJ The economists) (VP forecast (NP (NP a (ADJP 0.1 %) rise) (PP in (NP the unemployment rate)) (PP-DIR to (NP 5.4 %)))) .)) (TOP (NP-HLN Treasury Securities)) (TOP (S (PP-LOC In (NP a surprise announcement)) , (NP-SBJ the Treasury) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP (VP reopen (NP the outstanding benchmark 30-year bond)) (CONJP rather than) (VP create (NP a new one)) (PP for (NP (NP (NP next week 's) quarterly refunding) (PP of (NP the federal debt))))))))) .)) (TOP (S (NP-SBJ-1 The Treasury) (VP will (VP raise (NP (NP (QP $ 10 billion) *U*) (PP in (NP fresh cash))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP selling (NP (NP (QP $ 30 billion) *U*) (PP of (NP securities)) , (PP including (NP (NP (NP (QP $ 10 billion) *U*) (PP of (NP new three-year notes))) and (NP (NP (QP $ 10 billion) *U*) (PP of (NP new 10-year notes))))))))))) .)) (TOP (S But (PP rather than (S-NOM (NP-SBJ *) (VP sell (NP new 30-year bonds)))) , (NP-SBJ-2 the Treasury) (VP will (VP issue (NP (NP (QP $ 10 billion) *U*) (PP of (NP 29year , nine-month bonds))) -- (S-ADV (NP-SBJ *-2) (ADVP essentially) (VP increasing (NP (NP the size) (PP of (NP (NP the current benchmark 30-year bond) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP was (VP sold (NP *-1) (PP-LOC at (NP the previous refunding)) (PP-TMP in (NP August))))))))))))) .)) (TOP (S (NP-SBJ Credit market analysts) (VP said (SBAR 0 (S (NP-SBJ the decision (S (NP-SBJ *) (VP to (VP reopen (NP (NP the current benchmark) , (NP (NP the (ADJP (QP 8 1) %) bond) (ADJP due (NP August 2019))) ,))))) (VP is (ADJP-PRD unusual) (SBAR-PRP because (S (NP-SBJ the issue) (VP trades (PP-CLR at (NP (NP a premium) (PP to (NP its face amount))))))))))) .)) (TOP (S (NP-SBJ Some dealers) (VP said (SBAR 0 (S (NP-SBJ (NP the Treasury 's) intent) (VP is (S-PRD (NP-SBJ *) (VP to (VP help (S (NP-SBJ government bond dealers) (VP gauge (NP (NP investor demand) (PP for (NP the securities)))))))) , (S-ADV (NP-SBJ *) (VP given (NP (NP uncertainties) (PP about (SBAR-NOM (WHADVP-1 when) (S (NP-SBJ the auction) (VP will (VP occur (ADVP-TMP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ The Treasury) (VP said (SBAR 0 (S (NP-SBJ the refunding) (VP is (NP-PRD (NP contingent) (PP upon (NP (NP (ADJP congressional and presidential) passage) (PP of (NP (NP an increase) (PP in (NP the federal debt ceiling))))))))))) .)) (TOP (S (SBAR-TMP Until (S (NP-SBJ such action) (VP takes (NP places)))) , (NP-SBJ the Treasury) (VP has (NP no ability (S (NP-SBJ *) (VP to (VP issue (NP (NP new debt) (PP of (NP any kind)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ Treasury bonds) (VP ended (ADVP-CLR modestly higher) (PP-LOC in (NP quiet trading))) .)) (TOP (NP (NP The benchmark 30-year bond) (NP (NP (QP about 1) point) , or (NP $ 2.50 *U*)) (PP for (NP (NP each) (ADJP $ 1,000 *U*) face amount)) .)) (TOP (S (NP-SBJ-1 The benchmark) (VP was (VP priced (NP-2 *-1) (PP-CLR at (NP 102 22)) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 7.88 %)))) (PP compared (PP with (NP (NP 102 12) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 7.90 %)))) (NP-TMP Tuesday)))))) .)) (TOP (S (NP-SBJ-1 The latest 10-year notes) (VP were (VP quoted (PP-CLR at (NP 100 22)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 7.88 %)))) (PP compared (PP with (NP (NP 100 16) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 7.90 %))))))))) .)) (TOP (S (NP-SBJ (NP The discount rate) (PP on (NP three-month Treasury bills))) (VP was (ADJP-PRD essentially unchanged) (PP-CLR at (NP 7.79 %)) , (SBAR-ADV while (S (NP-SBJ (NP the rate) (PP on (NP six-month bills))) (VP was (ADJP-PRD slightly lower) (PP-CLR at (NP 7.52 %)) (PP compared (PP with (NP (NP 7.60 %) (NP-TMP Tuesday)))))))) .)) (TOP (NP-HLN Corporate Issues)) (TOP (S (NP-SBJ (NP IBM 's) (ADJP (QP $ 750 million) *U*) debenture offering) (VP dominated (NP (NP activity) (PP-LOC in (NP the corporate debt market)))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ most investment-grade bonds) (VP ended (ADJP-CLR unchanged) (PP-DIR to (ADVP (NP (QP as much as 1) point) higher))) .)) (TOP (S (PP-LOC In (NP (NP its latest compilation) (PP of (NP performance statistics)))) , (NP-SBJ (NP Moody 's) Investors Service) (VP found (SBAR that (S (NP-SBJ investment-grade bonds) (VP posted (NP (NP a total return) (PP of (NP 2.7 %))) (PP-TMP in (NP October)) (SBAR-ADV while (S (NP-SBJ junk bonds) (VP showed (NP (NP a negative return) (PP of (NP 1.5 %)))))))))) .)) (TOP (S (NP-SBJ Moody 's) (VP said (SBAR 0 (S (NP-SBJ those returns) (VP compare (PP with (NP (NP a (ADJP 3.8 %) total return) (PP for (NP longer-term Treasury notes and bonds)))))))) .)) (TOP (S (NP-SBJ Total return) (VP measures (NP (NP price changes) and (NP interest income))) .)) (TOP (S (PP For (NP (NP the year) (PP to (NP date)))) , (NP-SBJ Moody 's) (VP said (SBAR 0 (S (NP-SBJ-1 total returns) (VP were (VP topped (NP *-1) (PP by (NP-LGS-2 (NP the 16.5 %) (PP of (NP longer-term Treasury issues)))) , (S-ADV (NP-SBJ-3 *-2) (ADVP closely) (VP followed (NP *-3) (PP by (NP-LGS (NP 15 %) (PP for (NP investment-grade bonds))))))))))) .)) (TOP (S (NP-SBJ Junk bonds) (VP trailed (NP the group) (ADVP-TMP again)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Even the (ADJP 7.2 %) return) (PP from (NP the risk-free three-month Treasury bill))) (VP has (ADVP-MNR easily) (VP outdistanced (NP (NP the (ADJP 4.1 %) return) (PP from (NP junk bonds)))))) , '' (VP wrote (S *T*-1)) (NP-SBJ (NP Moody 's) economist John Lonski) (PP-LOC in (NP (NP yesterday 's) market report)) .)) (TOP (S `` (FRAG-TPC-2 (NP Little wonder) (SBAR that (S (NP-SBJ-1 (NP buyers) (PP for (NP junk))) (VP have (VP been (VP found (S (NP-SBJ *-1) (ADJP-PRD wanting)))))))) , '' (NP-SBJ he) (VP said (FRAG *T*-2)) .)) (TOP (S (NP-SBJ Moody 's) (VP said (SBAR 0 (S (NP-SBJ (NP the average net asset value) (PP of (NP 24 junk-bond mutual funds))) (VP fell (PP-EXT by (NP 4.2 %)) (PP-TMP in (NP October)))))) .)) (TOP (NP-HLN Mortgage-Backed Issues)) (TOP (S (NP-SBJ Mortgage securities) (VP (VP ended (ADVP-CLR slightly higher)) but (VP trailed (NP (NP gains) (PP-LOC in (NP the Treasury market))))) .)) (TOP (S (S (NP-SBJ-1 (NP (NP Ginnie Mae 's) (ADJP 9 %) issue) (PP for (NP November delivery))) (VP finished (PP-CLR-2 at (NP 98 5)) , (ADVP-3 up (NP 2)))) , and (S (NP-SBJ=1 its 9 1 % issue) (PP-CLR=2 at (NP 100 22)) , (ADVP also) (ADVP=3 up (NP 2))) .)) (TOP (S (NP-SBJ The Ginnie Mae (ADJP 9 %) securities) (VP were (VP yielding (NP 9.32 %) (PP-CLR to (NP a 12-year average life)))) .)) (TOP (S (NP-SBJ Activity) (VP was (ADJP-PRD light) (PP-LOC in (NP derivative markets)) , (PP with (S-NOM (NP-SBJ-1 no new issues) (VP priced (NP *-1))))) .)) (TOP (NP-HLN Municipal Issues)) (TOP (S (NP-SBJ Municipal bonds) (VP were (ADJP-PRD mostly unchanged) (PP-DIR to (ADVP up (NP 1 point))) (PP in (NP (NP light , cautious trading) (ADVP-PRD prior (PP to (NP (NP tomorrow 's) unemployment report)))))) .)) (TOP (S (NP-SBJ-1 (NP A (ADJP (QP $ 114 million) *U*) issue) (PP of (NP health facility revenue bonds)) (PP from (NP the California Health Facilities Financing Authority))) (VP was (ADVP temporarily) (VP withdrawn (NP *-1) (PP-TMP after (S-NOM (NP-SBJ-2 *-1) (VP being (ADVP-MNR tentatively) (VP priced (NP *-2) (PP by (NP-LGS a First Boston Corp. group)))))))) .)) (TOP (S (S (NP-SBJ-1 (NP An official) (PP for (NP the lead underwriter))) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP (NP the reason) (PP for (NP the delay))))))))) , but (S (NP-SBJ market participants) (VP speculated (SBAR that (S (NP-SBJ (NP a number) (PP of (NP factors)) , (PP including (NP (NP a lack) (PP of (NP investor interest)))) ,) (VP were (ADJP-PRD responsible)))))) .)) (TOP (S (NP-SBJ-1 The issue) (VP could (VP be (VP relaunched (NP *-1) , (PP-MNR (ADVP possibly) in (NP a restructured form)) , (ADVP-TMP (ADVP as early) (PP as (NP next week))) , (PP according (PP to (NP the lead underwriter)))))) .)) (TOP (S (NP-SBJ-1 (NP A (ADJP (QP $ 107.03 million) *U*) offering) (PP of (NP Santa Ana Community Redevelopment Agency , Calif. , tax allocation bonds))) (VP (VP got (PRT off) (PP-CLR to (NP a slow start))) and (VP may (VP be (VP repriced (NP *-1) (PP-CLR at (NP lower levels)) (NP-TMP today)))) , (PP according (PP to (NP (NP an official) (PP with (NP lead underwriter Donaldson Lufkin & Jenrette Securities Corp)))))) .)) (TOP (S (NP-SBJ-1 The Santa Ana bonds) (VP were (ADVP-MNR tentatively) (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP-CLR (PP from (NP (NP 6.40 %) (PP-TMP in (NP 1991)))) (PP to (NP (NP 7.458 %) (PP in))))))))))) (TOP (S (S-ADV (NP-SBJ *-1) (VP Bucking (NP the market trend))) , (NP-SBJ-1 (NP an issue) (PP of (NP (NP (ADJP (QP $ 130 million) *U*) general obligation distributable state aid bonds) (PP from (NP-LOC (NP Detroit) , (NP Mich.) ,))))) (ADVP apparently) (VP drew (NP solid investor interest)) .)) (TOP (S (NP-SBJ-1 They) (VP were (ADVP-MNR tentatively) (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP (PP from (NP (NP 6.20 %) (PP-TMP in (NP 1991)))) (PP to (NP (NP 7.272 %) (PP in))))))))))) (TOP (NP-HLN Foreign Bond)) (TOP (S (NP-SBJ (ADJP West German) dealers) (VP said (SBAR 0 (S (NP-SBJ there) (VP was (NP-PRD (NP little interest) (PP in (NP Treasury bonds))) (ADVP-TMP ahead (PP of (NP (NP Thursday 's) new government bond issue))))))) .)) (TOP (S-2 (ADVP-TMP So far) (PRN , (S (NP-SBJ they) (VP said (SBAR 0 (S *T*-2)))) ,) (NP-SBJ investors) (VP (VP appear (ADJP-PRD unenthusiastic (PP about (NP the new issue)))) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP might (VP force (S (NP-SBJ the government) (VP to (VP raise (NP the coupon) (PP-CLR to (NP (QP more than 7) %)))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP is (ADVP generally) (VP expected (S (NP-SBJ *-1) (VP to (VP be (NP-PRD the usual 10-year , (ADJP (QP four billion) mark) issue)))))) .)) (TOP (S (NP-SBJ (NP Rumors) (PP to (NP the contrary))) (VP have (VP been (SBAR-PRD (SBAR that (S (NP-SBJ it) (VP would (VP be (NP-PRD a (ADJP (QP six billion) mark) issue))))) , or (SBAR that (S (NP-SBJ-1 (NP the last Bund) , (NP (NP a (ADJP 7 %) issue) (ADJP due (NP-TMP October 1999))) ,) (VP would (VP be (VP increased (NP *-1) (PP by (NP-LGS two billion marks)))))))))) .)) (TOP (ADVP-HLN Elsewhere :)) (TOP (S (LST --) (PP-LOC In (NP Japan)) , (NP-SBJ-1 (NP the benchmark No. 111 (ADJP 4.6 %) issue) (ADJP due (NP-TMP 1998))) (VP ended (PP-LOC on (NP brokers screens)) (ADJP unchanged) (PP-CLR at (NP 95.09)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 5.435 %))))) .)) (TOP (S (LST --) (PP-LOC In (NP Britain)) , (NP-SBJ-1 (NP the benchmark (ADJP (QP 11 3) %) bond) (ADJP due (NP-TMP 2003))) (VP fell (NP-EXT 14) (PP-CLR to (NP 111 2)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 10.19 %))))) .)) (TOP (S (NP-SBJ-1 (NP The (ADJP 12 %) notes) (ADJP due (NP-TMP 1995))) (VP fell (NP-EXT 9) (PP-CLR to (NP 103 3)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 11.10 %))))) .)) (TOP (S (NP-SBJ (NP Standard & Poor 's) Corp.) (VP lowered (PP-DIR to (NP double-C)) (PP-DIR from (NP triple-C)) (NP (NP the rating) (PP on (NP (NP about (QP $ 130 million) *U*) (PP of (NP debt)))))) .)) (TOP (S (S (NP-SBJ The rating concern) (VP said (SBAR 0 (S (NP-SBJ (NP the textile and clothing company 's) interest expense) (VP exceeds (NP operating profit) `` (PP by (NP a wide margin)) ''))))) and (S (NP-SBJ it) (VP noted (NP (NP (NP United 's) estimated after-tax loss) (PP of (NP (NP (QP $ 24 million) *U*) (PP for (NP (NP the year) (VP ended (NP-TMP-CLR June 30))))))))) .)) (TOP (S (NP-SBJ (NP Travelers Corp. 's) third-quarter net income) (VP rose (NP-EXT 11 %) , (SBAR-ADV even though (S (NP-SBJ (NP claims) (VP stemming (PP-CLR from (NP Hurricane Hugo)))) (VP reduced (NP results) (NP-EXT (QP $ 40 million) *U*))))) .)) (TOP (S (NP-SBJ Net) (VP advanced (PP-CLR to (NP (NP (QP $ 94.2 million) *U*) , or (NP (NP 89 cents) (NP-ADV a share)) ,)) (PP-CLR from (NP (NP (QP $ 85 million) *U*) , or (NP (NP 83 cents) (NP-ADV a share)))) , (PP including (NP (NP net realized investment gains) (PP of (NP (NP (QP $ 31 million) *U*) , (ADVP up (PP from (NP (NP (QP $ 10 million) *U*) (ADVP-TMP (NP a year) ago))))))))) .)) (TOP (S But (NP-SBJ revenue) (VP declined (PP-DIR to (NP (QP $ 3 billion) *U*)) (PP-DIR from (NP (QP $ 3.2 billion) *U*))) .)) (TOP (S (NP-SBJ Travelers) (VP estimated (SBAR that (S (NP-SBJ (NP the California earthquake) (NP-TMP last month)) (VP will (VP result (PP-CLR in (NP (NP a fourth-quarter pre-tax charge) (PP of (NP (QP less than $ 10 million) *U*))))))))) .)) (TOP (S (NP-SBJ (NP (NP The insurer 's) earnings) (PP from (NP commercial property/casualty lines))) (VP fell (NP-EXT 59 %) (PP-TMP in (NP the latest quarter)) , (SBAR-ADV while (S (NP-SBJ it) (VP lost (NP (QP $ 7.2 million) *U*) (PP in (NP its personal property/casualty business)) , (PP compared (PP with (NP (NP earnings) (PP of (NP (QP $ 6.1 million) *U*)) (ADVP-TMP (NP a year) ago)))))))) .)) (TOP (S (NP-SBJ (NP (NP Travelers 's) employee benefits group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP its group health insurance operations)))) ,) (VP posted (NP (NP earnings) (PP of (NP (QP $ 24 million) *U*))) , (PP compared (PP with (NP (NP a loss) (PP of (NP (QP $ 3 million) *U*)) (NP-TMP last year))))) .)) (TOP (S (PP-TMP In (NP the first nine months)) , (NP-SBJ net) (VP was (NP-PRD (QP $ 306 million) *U*) , (PP compared (PP with (NP (NP a loss) (PP of (NP (QP $ 195 million) *U*)) (PP-TMP in (NP the 1988 period)))))) .)) (TOP (S (NP-SBJ The year-ago results) (VP included (NP (NP a (ADJP (QP $ 415 million) *U*) charge) (PP-TMP in (NP the 1988 second quarter)) (PP for (NP underperforming real estate and mortgage loans)))) .)) (TOP (S (NP-SBJ (NP The British Department) (PP of (NP Trade and Industry))) (VP ordered (NP (NP an investigation) (PP of (NP (NP the competitive impact) (PP of (NP (NP (NP Michelin Tyre PLC 's) planned acquisition) (PP of (NP National Tyre Service Ltd)))))))) .)) (TOP (S (NP-SBJ The department) (VP said (SBAR 0 (S (NP-SBJ it) (VP referred (NP the takeover) (PP-CLR to (NP the Monopolies and Mergers Commission)) (PP-PRP because of (NP (NP (NP the purchase 's) possible effects) (PP on (NP (NP the U.K. market) (PP for (NP (NP distribution) (PP of (NP replacement tires)))))))))))) .)) (TOP (S (NP-SBJ (NP BTR PLC) , (NP a U.K. industrial conglomerate) ,) (VP said (PP-TMP in (NP June)) (SBAR 0 (S (NP-SBJ it) (VP had (VP sold (NP its National Tyre Service business) (PP-DTV to (NP (NP Michelin Investment Ltd.) , (NP (NP a U.K. unit) (PP of (NP the tire maker))) ,)) (PP-CLR for (NP (NP (QP # 140 million) *U*) (PRN -LRB- (NP (QP $ 221.4 million) *U*) -RRB-)))))))) .)) (TOP (S (NP-SBJ Michelin Tyre) (VP is (NP-PRD (NP a unit) (PP of (NP (NP France 's) Michelin S.A)))) .)) (TOP (S (S (NP-SBJ Michelin officials) (VP could n't (ADVP-TMP immediately) (VP comment (PP-CLR on (NP the referral))))) , but (S (NP-SBJ they) (VP noted (SBAR 0 (S (NP-SBJ-1 (NP the purchase) (PP from (NP BTR))) (VP has (ADVP-TMP already) (VP been (VP concluded (NP *-1)))))))) .)) (TOP (S (NP-SBJ (NP National Tyre) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP 420 branches) (PP-LOC throughout (NP the U.K.))))) ,) (VP had (NP (NP 1988 pretax profit) (PP of (NP (QP # 8.5 million) *U*)))) .)) (TOP (S (NP-SBJ-2 (NP Rep. John Dingell) , (NP (NP an important sponsor) (PP of (NP (NP President Bush 's) clean-air bill))) ,) (VP plans (S (NP-SBJ *-2) (VP to (VP unveil (NP (NP a surprise proposal) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP break (PP with (NP the White House)) (PP on (NP (NP a centerpiece issue) : (NP acid rain)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP The Michigan Democrat 's) proposal) , (SBAR (WHNP-4 which) (S (NP-SBJ-2 *T*-4) (VP is (VP expected (NP *-2) (NP-TMP today))))) ,) (VP is (VP described (NP *-1) (PP by (NP-LGS government sources and lobbyists)) (PP-CLR as (ADJP (ADJP significantly weaker) (PP than (NP (NP the Bush administration 's) plan (S (NP-SBJ *) (VP to (VP cut (NP (NP utility emissions) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP lead (PP-CLR to (NP acid rain))))))))))))))) .)) (TOP (S (NP-SBJ (NP The administration 's) plan) (VP could (VP cost (NP (NP utilities) , (ADVP mainly) (NP (NP those) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP use (NP coal))))) ,) (NP (NP (QP up to $ 4 billion) *U*) (NP-ADV a year)))) .)) (TOP (S (NP-SBJ The proposal) (VP (VP comes (PP-CLR as (NP a surprise)) (PP (ADVP even) to (NP administration officials))) and (VP (ADVP temporarily) throws (PP-DIR into (NP chaos)) (NP (NP (NP the House 's) work) (PP on (NP clean-air legislation))))) .)) (TOP (S (PP As (NP (NP chairman) (PP of (NP the House Energy and Commerce Committee)))) , (NP-SBJ Mr. Dingell) (VP has (NP (NP (ADJP almost single-handed) control) (PP over (NP clean-air legislation)))) .)) (TOP (S (NP-SBJ (NP People) (ADJP close (PP to (NP the utility industry)))) (VP said (SBAR 0 (S (NP-SBJ-3 (NP Mr. Dingell 's) proposal) (VP appears (S (NP-SBJ *-3) (VP to (VP guarantee (NP (NP only an (ADJP estimated seven-million-ton) cut) (PP in (NP (NP annual sulfur-dioxide emissions) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP lead (PP-CLR to (NP acid rain)))))))) , (SBAR-ADV though (S (NP-SBJ-1 additional cuts) (VP could (VP be (VP ordered (NP *-1) (ADVP-TMP later))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Bush 's) legislative package) (VP promises (S (NP-SBJ *-1) (VP to (VP cut (NP emissions) (PP (PP by (NP (QP 10 million) tons)) (PRN -- (ADVP basically) (PP in (NP half)) --)) (PP-TMP by (NP the year 2000)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ final details) (VP were n't (ADJP-PRD available)))) , (NP-SBJ sources) (VP said (SBAR 0 (S (NP-SBJ the Dingell plan) (VP would (VP abandon (NP (NP the president 's) proposal (PP for (NP (NP a cap) (PP on (NP (NP utilities ') sulfur-dioxide emissions)))))))))) .)) (TOP (S (NP-SBJ-1 That proposal) (VP had (VP been (VP (VP hailed (NP *-1) (PP by (NP-LGS environmentalists))) but (VP despised (NP *-1) (PP by (NP-LGS utilities)) (SBAR-PRP because (S (NP-SBJ they) (VP feared (SBAR 0 (S (NP-SBJ it) (VP would (VP limit (NP their growth)))))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP would (VP junk (NP (NP an innovative market-based system) (PP for (S-NOM (NP-SBJ *) (VP trading (NP emissions credits) (PP-CLR among (NP polluters)))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 it) (VP is (VP believed (S (NP-SBJ *-1) (VP to (VP offer (NP (NP a cost-sharing mechanism) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP would (VP help (S (NP-SBJ *-3) (VP subsidize (NP (NP the clean-up costs) (PP for (NP (NP the dirtiest coal-fired utilities) (PP-LOC in (NP the country))))) , (S-ADV (NP-SBJ *-3) (VP sparing (NP their customers) (PP-CLR from (NP (NP exorbitant jumps) (PP in (NP their electric bills)))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The administration) , (S-ADV (NP-SBJ *-1) (VP sticking (PP to (NP (NP its vow) (PP of (S-NOM (NP-SBJ *) (VP avoiding (NP tax increases)))))))) , (VP has (ADVP-MNR staunchly) (VP opposed (NP cost-sharing))) .)) (TOP (S (NP-SBJ-2 (NP Mr. Dingell 's) staff) (VP was (VP expected (S (NP-SBJ *-2) (VP to (VP present (NP its acid-rain alternative) (PP-DTV to (NP other committee members)) , (ADVP apparently) (PP in (NP an attempt (S (NP-SBJ *) (VP to (VP appease (NP (NP Midwestern lawmakers) (PP from (NP high-polluting states)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP insist (PP-CLR on (NP cost-sharing)))))))))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is n't (ADJP-PRD clear) , (ADVP however) , (SBAR-1 whether (S (NP-SBJ (NP support) (PP for (NP the proposal))) (VP will (VP be (ADJP-PRD broad enough (S (NP-SBJ *) (VP to (VP pose (NP (NP a serious challenge) (PP to (NP (NP the White House 's) acid-rain plan)))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the new proposal) (VP might (VP appeal (PP-CLR to (NP the dirtiest utilities)))))) , (NP-SBJ it) (VP might not (VP win (NP (NP the support) (PP of (NP (NP utilities) (PRN , (NP (NP many) (PP-LOC in (NP the West))) ,) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP already) (VP (VP have (VP added (NP expensive cleanup equipment))) or (VP burn (NP cleaner-burning fuels)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Lawmakers) (VP representing (NP (NP some) (PP of (NP the cleaner utilities))))) (VP have (VP been (ADVP-MNR quietly) (VP working (PP-CLR with (NP the White House)) (S-PRP (NP-SBJ *-1) (VP to (VP devise (NP (NP ways) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP tinker (PP-CLR with (NP the administration bill)) (ADVP-MNR *T*-2) (S-PRP-3 (NP-SBJ *) (VP to (VP address (NP their acid-rain concerns))))))))) (S-PRP *PPA*-3))))))) .)) (TOP (S (NP-SBJ American City Business Journals Inc.) (VP said (SBAR 0 (S (NP-SBJ (NP its president) , (NP Michael K. Russell) ,) (VP will (VP (VP resign) (CONJP rather than) (VP relocate (PP-CLR to (NP (NP new headquarters) (PP-LOC in (NP (NP Charlotte) , (NP N.C))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Russell) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP co-founded (NP (NP the (ADJP Kansas City , Mo.-based) local business publications concern) (ADVP-LOC here))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP have (NP a five-year consulting agreement) (PP-CLR with (NP (NP the company) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (ADVP-TMP recently) (VP underwent (NP an ownership change))))))))))) .)) (TOP (S (NP-TMP-TPC-1 Earlier this year) (NP-SBJ (NP Shaw Publishing Inc.) , (NP Charlotte) ,) (VP (VP acquired (NP (NP 30 %) (PP of (NP American City))) (NP-TMP *T*-1)) and (VP has (NP an agreement (S (NP-SBJ *) (VP to (VP acquire (NP a further 25 %) (PP-CLR from (NP E.W. Scripps Co.)) (NP-TMP next year))))))) .)) (TOP (S (NP-SBJ (NP Ray Shaw) , (NP (NP chairman) (PP of (NP American City))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP assume (NP (NP Mr. Russell 's) responsibilities) (SBAR-ADV if (S (NP-SBJ-1 a successor) (VP is n't (VP found (NP *-1) (NP-TMP this month)))))))))) .)) (TOP (NP (NP A nickname) (PP for (NP (NP measures) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP stop (NP-2 the market) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP plunging (ADVP too far) (ADVP-MNR too fast)))) (ADVP-MNR *T*-1))))))) .)) (TOP (S (NP-SBJ-1 Several moves) (VP were (VP taken (NP *-1) (PP-TMP following (NP the October 1987 crash)) (S-PRP (NP-SBJ *) (VP to (VP coordinate (PRN -- and (VP (ADVP-TMP sometimes) (ADVP-MNR deliberately) disconnect (NP *PPA*-2)) --) (NP-2 the stock and futures markets) (PP-TMP in (NP (NP times) (PP of (NP heightened volatility))))) )))) .)) (TOP (S (PP-LOC On (NP the Big Board)) , (NP-SBJ-1 a `` side car '') (VP is (VP put (NP *-1) (PP-PUT into (NP effect)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the S&P futures) (VP rise or fall (NP-ADV 12 points) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ The side car) (VP routes (NP program trades) (PP-DIR into (NP (NP a special computer file) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP scans (PP-CLR for (NP (NP imbalances) (PP of (NP buy and sell orders)))))))))) .)) (TOP (S (PP-LOC On (NP the Chicago Mercantile Exchange)) , (NP-SBJ-1 S&P 500 futures) (VP are not (VP allowed (S (NP-SBJ *-1) (VP to (VP fall (NP-EXT (QP further than 12) points) (PP-DIR from (NP (NP the previous day 's) close)) (PP-TMP for (NP half an hour))))))) .)) (TOP (S (SBAR-ADV If , (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ trading) (VP resumes (ADVP-TMP *T*-1)))) , (NP-SBJ the S&P futures) (VP fall (NP-EXT 30 points) (PP-DIR from (NP (NP the previous day 's) close))))) , (NP-SBJ a one-hour trading halt) (VP takes (NP-CLR effect)) .)) (TOP (S (ADVP Also) , (NP-SBJ the reforms) (VP allow (S (NP-SBJ the Big Board) (VP to (VP (VP halt (NP trading) (PP-TMP-1 for (NP one hour)) (SBAR-ADV-2 if (S (NP-SBJ the Dow Jones Industrial Average) (VP falls (NP-EXT 250 points))))) , and (VP (PP-TMP=1 for (NP two more hours)) (SBAR-ADV=2 if (S (NP-SBJ the Dow) (VP slides (NP-EXT an additional 150 points) (PP-TMP on (NP the same day)))))))))) .)) (TOP (NP (NP-HLN DOT System) -- (S (NP-SBJ-1 (NP The `` Designated Order Turnaround '' System)) (VP was (VP launched (NP *-1) (PP by (NP-LGS the New York Stock Exchange)) (PP-TMP in (NP March 1976)) , (S-PRP (NP-SBJ *) (VP to (VP offer (NP automatic , high-speed order processing))))))) .)) (TOP (S (NP-SBJ-1 (NP A faster version) , (NP the SuperDot) ,) (VP was (VP launched (NP *-1) (PP-TMP in (NP 1984)))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Used (NP *-1) (PP by (NP-LGS program traders and others)) (S-CLR (NP-SBJ *) (VP to (VP zip (NP orders) (PP-DIR into (NP the exchange))))))) , (NP-SBJ-2 SuperDot) (VP handles (NP (NP about 80 %) (PP of (NP (NP all orders) (VP entered (NP *) (PP-LOC at (NP the exchange))))))) .)) (TOP (NP (NP-HLN Futures Contracts) -- (NP Obligations (S (NP-SBJ *) (VP to (VP buy (PRN -LRB- (PP for (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP purchased (NP a contract))))))) -RRB-) or deliver (PRN -LRB- (PP for (NP (NP those) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP sold (NP one)))))) -RRB-) (NP (NP a quantity) (PP of (NP the (NX (NX underlying commodity) or (NX financial instrument))))) (PP-CLR at (NP the agreed-upon price)) (PP-TMP by (NP a certain date)))))) .)) (TOP (S (NP-SBJ-1 Most contracts) (VP are (ADVP simply) (VP nullified (NP *-1) (PP by (NP-LGS an opposite trade)) (SBAR-TMP before (S (NP-SBJ they) (VP come (ADJP-PRD due)))))) .)) (TOP (NP (NP-HLN Indexing) -- (S (NP-SBJ (NP Many investors) , (NP mainly institutions) ,) (VP follow (NP (NP an investment strategy) (PP of (S-NOM (NP-SBJ *) (VP buying and holding (NP (NP a mix) (PP of (NP stocks)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP match (NP (NP the performance) (PP of (NP (NP a broad stock-market barometer) such as (NP the S&P 500))))))))))))))) .)) (TOP (S (NP-SBJ-1 Many institutional index funds) (VP are (NP-PRD active program traders) , (S-ADV (NP-SBJ *-1) (VP swapping (NP their stocks) (PP-CLR for (NP futures)) (SBAR-TMP (WHADVP-2 when) (FRAG (ADJP-PRD profitable) (S (NP-SBJ *) (VP to (VP do (ADVP so) (ADVP-TMP *T*-2))))))))) .)) (TOP (NP (NP Program trading) -- (NP (NP A wide range) (PP of (NP (NP computer-assisted portfolio trading strategies) (VP involving (NP (NP the simultaneous purchase or sale) (PP of (NP (QP 15 or more) stocks))))))) .)) (TOP (NP (NP Quant) -- (ADVP Generally) , (NP (NP any Wall Street analyst) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP employs (NP quantitive research techniques))))) .)) (TOP (S (NP-SBJ (NP The newest breed) , (VP (ADVP also) called (S (NP-SBJ *) (NP-PRD `` rocket scientists '')) (PP-PRP because of (NP (NP their backgrounds) (PP in (NP physics and mathematics))))) ,) (VP devise (NP (NP the complex hedging and trading strategies) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP are (ADVP popularly) (VP known (NP *-2) (PP-CLR as (NP program trading)))))))) .)) (TOP (NP (NP Stock-index arbitrage) -- (S-NOM (NP-SBJ-1 *) (VP Buying or selling (NP (NP baskets) (PP of (NP stocks))) (SBAR-ADV while (S (PP-TMP at (NP the same time)) (NP-SBJ *-1) (VP executing (NP (NP offsetting trades) (PP in (NP stock-index futures or options)))))))) .)) (TOP (S (NP-SBJ-1 Traders) (VP profit (PP-MNR by (S-NOM (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP capture (NP (NP fleeting price discrepancies) (PP between (NP (NP stocks) and (NP the index futures or options))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ stocks) (VP are (ADVP-TMP temporarily) (ADJP-PRD `` (ADJP cheaper) '' (PP than (NP futures)))))) , (PP for (NP example)) , (NP-SBJ an arbitrager) (VP will (VP (VP buy (NP stocks)) and (VP sell (NP futures)))) .)) (TOP (NP (NP Stock-index futures) -- (NP Contracts (S (NP-SBJ *) (VP to (VP buy or sell (NP (NP the cash value) (PP of (NP a stock index))) (PP-TMP by (NP a certain date)))))) .)) (TOP (S (NP-SBJ-1 The cash value) (VP is (VP determined (NP *-1) (PP-MNR by (S-NOM (NP-SBJ *) (VP multiplying (NP the index number) (PP-CLR by (NP a specified amount))))))) .)) (TOP (S (NP-SBJ The (ADJP most common) program-trading vehicles) (VP are (NP-PRD (NP (NP futures contracts) (PP on (NP (NP Standard & poor 's) 500-stock index)) (PRN -LRB- (VP traded (NP *) (PP-LOC on (NP the Chicago Mercantile Exchange))) -RRB-)) ; (NP (NP (NP the Major Market Index) , (NP (NP a 20-stock index) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP mimics (NP the Dow Jones Industrial Average)))))) (PRN -LRB- (VP traded (NP *) (PP-LOC on (NP (NP the chicago Board) (PP of (NP Trade))))) -RRB-)) ; and (NP (NP the S&P 100 options) (PRN -LRB- (VP (VP traded (NP *) (PP-LOC on (NP the Chicago Board Options Exchange))) , and (VP based (NP *) (PP-LOC-CLR on (NP (NP 100 stocks) (VP selected (NP *) (PP from (NP the S&P 500))))))) -RRB-)))) .)) (TOP (NP (NP Stock-index options) -- (S (NP-SBJ Options) (VP give (NP holders) (NP (NP the right (S *RNR*-1)) , but not (NP the obligation (S *RNR*-1)) , (S-1 (NP-SBJ *) to (VP buy (PRN -LRB- (NP a call) -RRB-) or sell (PRN -LRB- (NP a put) -RRB-) (NP (NP a specified amount) (PP of (NP an underlying investment))) (PP-TMP by (NP a certin date)) (PP-CLR at (NP (NP a preset price) , (VP known (NP *) (PP-CLR as (NP the strike price)))))))))) .)) (TOP (S (PP For (NP stock indexes)) , (NP-SBJ the underlying investment) (VP may (VP be (NP-PRD (NP a stock-index futures contract) or (NP (NP the cash value) (PP of (NP a stock index)))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ there) (VP are (NP-PRD (NP options) (PP (PP on (NP the S&P 500 futures contract)) and (PP on (NP the S&P 100 index))))) .)) (TOP (NP (NP Uptick) -- (NP (NP An expression) (VP signifying (SBAR that (S (NP-SBJ (NP a transaction) (PP-LOC in (NP a listed security))) (VP occurred (PP-CLR at (NP (NP a higher price) (PP than (NP (NP the previous transaction) (PP-LOC in (NP that security))))))))))) .)) (TOP (S (NP-SBJ-1 New York financier Saul Steinberg) (VP sought (NP federal permission (S (NP-SBJ *) (VP to (VP buy (NP (NP (QP more than 15) %) (PP of (NP (NP (NP United Airlines ') parent) , (NP UAL Corp.)))))))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ he) (VP might (VP seek (NP (NP control) (PP of (NP (NP the nation 's) second-largest airline)))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ takeover experts) (VP said (SBAR 0 (S (NP-SBJ they) (VP doubted (SBAR 0 (S (NP-SBJ Mr. Steinberg) (VP will (VP make (NP a bid) (PP by (NP himself)))))))))))) , (NP-SBJ (NP the application) (PP by (NP his Reliance Group Holdings Inc.))) (VP could (VP signal (NP (NP his interest) (PP in (S-NOM (NP-SBJ-1 *) (VP helping (S (NP-SBJ *-1) (VP revive (NP a failed labor-management bid))))))))) .)) (TOP (S (NP-SBJ (NP Such an application) (PP for (NP federal antitrust clearance))) (VP is (ADJP-PRD necessary (PP for (NP (NP any investor) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP seek (NP control))))))))) .)) (TOP (S But (NP-SBJ-1 some investors) (VP have (VP used (NP such filings) (S-CLR (NP-SBJ *-1) (VP to (VP boost (NP (NP the value) (PP of (NP (NP their stock holdings) , (SBAR (WHNP-3 which) (S (PRN -- (PP without (S-NOM (NP-SBJ *-2) (VP buying (NP more stock)))) --) (NP-SBJ-2 they) (ADVP-TMP then) (VP sold (NP *T*-3)))))))))))) .)) (TOP (S (NP-SBJ-1 Takeover stock traders) (VP (VP were (VP puzzled (NP *-1) (PP by (NP-LGS the Reliance filing)))) and (VP cautioned (SBAR that (S (NP-SBJ it) (VP does n't (VP mean (SBAR 0 (S (NP-SBJ Mr. Steinberg) (VP will (ADVP definitely) (VP seek (NP control))))))))))) .)) (TOP (SINV `` (S-TPC-1 (ADVP Maybe) (NP-SBJ-2 he) (ADVP just) (VP wants (S (NP-SBJ *-2) (VP to (VP make (S (NP-SBJ something) (VP happen))))))) , '' (VP said (S *T*-1)) (NP-SBJ one takeover expert) .)) (TOP (S (NP-SBJ One investment banker) (VP said (SBAR 0 (S (NP-SBJ-2 Mr. Steinberg) (VP may (VP be (VP trying (S (NP-SBJ *-2) (VP to (VP position (NP himself) (PP-CLR as (NP (NP a friendly investor) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP could (VP help (S (NP-SBJ UAL Chairman Stephen Wolf) (VP revive (NP a failed labor-management bid)))))))))))))))))) .)) (TOP (S-2 (NP-SBJ Mr. Steinberg) (PRN , (S (NP-SBJ he) (VP suggested (SBAR 0 (S *T*-2)))) ,) (VP could (VP replace (NP (NP British Airways PLC) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP withdrawn (PP-DIR from (NP the buy-out group))))))))) .)) (TOP (S (NP-SBJ-1 Reliance) (VP had (ADVP-TMP already) (VP bought and sold (NP UAL stock) (PP-CLR at (NP a big profit)) (PP without (S-NOM (NP-SBJ *-1) (VP making (NP an antitrust filing) (PP-TMP before (NP (NP the collapse) (NP-TMP Oct. 13) (PP of (NP the (ADJP (QP $ 6.79 billion) *U*) , (ADJP $ 300-a-share *U*) labor-management buy-out))))))))) .)) (TOP (S (NP-SBJ Reliance) (VP (VP acquired (NP a (ADJP 7 %) UAL stake) (NP-TMP early this year) (PP-CLR at (NP (NP an average cost) (PP of (NP (NP $ 110 *U*) (NP-ADV a share)))))) , and (VP reduced (NP its stake) (PP-CLR to (NP 4.7 %)) (SBAR-TMP after (S (NP-SBJ UAL) (VP accepted (NP the bid) (PP-CLR at (NP (NP prices) (ADJP (ADJP higher) (PP than (NP (NP $ 282 *U*) (NP-ADV a share))))))))))) .)) (TOP (S (NP-SBJ Market sources) (VP said (SBAR 0 (S (NP-SBJ Reliance) (VP (VP has (ADVP-TMP already) (VP sold (NP its entire UAL stake))) , and thus (VP would n't (VP have (NP any reason (S (NP-SBJ *) (VP to (VP file (NP the application) (S-PRP (ADVP simply) (NP-SBJ *) (VP to (VP boost (NP (NP the value) (PP of (NP its stock)))))))))))))))) .)) (TOP (S But (NP-SBJ-1 (NP the exact amount) (PP of (NP (NP Reliance 's) current holding))) (VP has n't (VP been (ADVP formally) (VP disclosed (NP *-1)))) .)) (TOP (S (NP-SBJ The filing) (VP adds (NP a new twist) (PP-CLR to (NP market speculation (SBAR that (S (NP-SBJ (NP Coniston Partners) , (NP a New York money manager) ,) (VP (VP has (VP bought (NP (NP (QP more than 5) %) (PP of (NP UAL stock))))) and (VP may (VP challenge (NP (NP (NP the UAL board 's) decision (S *ICH*-1)) (NP-TMP last week) (S-1 (NP-SBJ *) (VP to (VP remain (ADJP-PRD independent))))))))))))) .)) (TOP (S (NP-SBJ (NP Speculation) (PP about (NP Coniston))) (VP has (VP caused (S (NP-SBJ the stock) (VP to (VP rebound (PP from (NP (NP a low) (PP of (NP $ 145 *U*))))))))) .)) (TOP (S (NP-SBJ (NP UAL 's) announcement) (VP came (SBAR-TMP after (S (NP-SBJ the market) (VP closed (NP-TMP yesterday))))) .)) (TOP (S (PP-LOC In (NP composite New York Stock Exchange trading)) , (NP-SBJ the shares) (VP closed (PP-CLR at (NP $ 177 *U*)) , (ADVP-CLR up (NP $ 1.50 *U*))) .)) (TOP (S (NP-SBJ UAL) (VP would n't (VP elaborate (PP-CLR on (NP a statement (SBAR that (S (NP-SBJ-1 it) (VP had (VP been (VP notified (NP *-1) (PP-CLR of (NP the filing)) (PP by (NP-LGS Reliance))))))))))) .)) (TOP (S (NP-SBJ Reliance) (VP (VP confirmed (NP the filing)) but (VP would n't (VP elaborate))) .)) (TOP (S (NP-SBJ-1 Some takeover experts) (VP were (ADJP-PRD skeptical) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP was (ADJP-PRD possible) (SBAR-2 that (S (NP-SBJ-3 Mr. Steinberg) (VP made (NP the filing) (S-PRP (ADVP only) (NP-SBJ-4 *-3) (VP to (VP help (S (NP-SBJ *-4) (VP boost (NP (NP the value) (PP of (NP (NP any remaining Reliance stake) (PP-LOC in (NP UAL))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Steinberg) (VP is (VP thought (S (NP-SBJ *-1) (VP to (VP be (PP-PRD on (NP (NP friendly terms) (PP with (NP (NP UAL 's) Mr. Wolf))))))))) .)) (TOP (S (NP-SBJ The investor) (VP was (ADJP-PRD instrumental) (PP in (S-NOM (NP-SBJ *) (VP tapping (S (NP-SBJ Mr. Wolf) (VP to (VP run (NP (NP the air cargo unit) (PP of (NP Tiger International Inc)))))))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Wolf 's) success) (PP in (NP that job))) (VP helped (S (NP-SBJ him) (VP land (NP (NP the top job) (PP with (NP UAL))) (PP-TMP in (NP December 1987))))) .)) (TOP (S But (NP-SBJ-2 any potential acquirer) (VP must (VP attempt (S (NP-SBJ *-2) (VP to (VP reach (NP (NP some kind) (PP of (NP accord))) (PP with (NP (NP (NP the company 's) employees) , (NP primarily (NP its pilots) and (NP (NP (NP the powerful machinists ') union) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP opposed (NP a takeover)))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 A.L. Williams Corp.) (VP was (VP merged (NP *-1) (PP-CLR into (NP (NP Primerica Corp.) , (NP-LOC New York) ,)) (SBAR-TMP after (S (NP-SBJ (NP a special meeting) (PP of (NP Williams shareholders))) (VP cleared (NP the transaction))))))) , (NP-SBJ the companies) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Primerica) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP owned (NP (NP nearly 70 %) (PP of (NP Williams))))))) ,) (VP will (VP pay (NP (NP (QP about 16.7 million) shares) , (VP (ADVP-TMP currently) valued (NP *) (PP-CLR at (NP (QP almost $ 472 million) *U*))) ,) (PP-CLR for (NP (NP the rest) (PP of (NP Williams)))))) .)) (TOP (S (NP-SBJ The financial-services company) (VP will (VP pay (NP 0.82 share) (PP-CLR for (NP each Williams share)))) .)) (TOP (S (NP-SBJ (NP Williams shares) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP were (S-PRD (NP-SBJ-1 *-2) (VP to (VP be (VP delisted (NP *-1) (PP-CLR from (NP the New York Stock Exchange)) (PP-TMP after (NP (NP the close) (PP of (NP composite trading)) (NP-TMP yesterday)))))))))) ,) (VP closed (PP-CLR at (NP $ 23.25 *U*)) , (ADVP-CLR off (NP 12.5 cents))) .)) (TOP (S (NP-SBJ Primerica) (VP closed (PP-CLR at (NP $ 28.25 *U*)) , (ADVP-CLR down (NP 50 cents))) .)) (TOP (S (NP-SBJ (NP Williams) , (NP-LOC (NP Duluth) , (NP Ga.) ,)) (VP is (NP-PRD an insurance and financial-services holding company)) .)) (TOP (S (NP-SBJ-1 (NP Its subsidiaries ') services) (VP are (VP marketed (NP *-1) (PP by (NP-LGS (ADJP closely held) A.L. Williams & Associates)))) .)) (TOP (S (NP-SBJ Primerica) , (SBAR as (S (NP-SBJ *) (VP expected))) , (ADVP also) (VP (VP acquired (NP (NP certain assets) (PP of (NP the agency)))) and (VP assumed (NP (NP certain) (PP of (NP its liabilities))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ (NP Intelogic Trace Inc.) , (NP-LOC (NP San Antonio) , (NP Texas) ,)) (VP said (SBAR 0 (S (NP-SBJ it) (VP bought (NP (NP (NP (QP 2.7 million) shares) (PP *RNR*-1)) , or (NP (NP (QP about 18) %) (PP *RNR*-1)) , (PP-1 of (NP its common stock))) (PP-CLR from (NP an unaffiliated shareholder)) (PP-CLR for (NP (NP (NP $ 3.625 *U*) (NP-ADV a share)) , or (NP (QP $ 9.9 million) *U*))))))) .)) (TOP (S (NP-SBJ-2 The move) (VP (VP boosts (NP (NP Intelogic Chairman Asher Edelman 's) stake) (PP-DIR to (NP 20 %)) (PP-DIR from (NP 16.2 %))) and (VP may (VP help (S (NP-SBJ *-2) (VP prevent (NP-1 Martin Ackerman) (PP from (S-NOM (NP-SBJ *-1) (VP making (NP-CLR a run) (PP-CLR at (NP the computer-services concern)))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Ackerman) (ADVP already) (VP is (VP seeking (S (NP-SBJ *-1) (VP to (VP oust (NP Mr. Edelman) (PP-CLR as (NP (NP chairman) (PP of (NP (NP Datapoint Corp.) , (NP an Intelogic affiliate)))))))))) .)) (TOP (S (NP-SBJ The action) (VP followed (PP by (NP one day)) (NP an Intelogic announcement (SBAR that (S (NP-SBJ it) (VP will (VP retain (NP an investment banker) (S-PRP (NP-SBJ *) (VP to (VP explore (NP (NP alternatives) `` (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP maximize (NP shareholder value))))) , '' (PP including (NP (NP the possible sale) (PP of (NP the company)))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP New York Stock Exchange composite trading) (NP-TMP yesterday))) , (NP-SBJ-1 Intelogic shares) (VP rose (NP-EXT 37.5 cents) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 2.75 *U*)))))) .)) (TOP (S (NP-SBJ-2 Mr. Edelman) (VP declined (S (NP-SBJ *-2) (VP to (VP specify (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP prompted (NP the recent moves))))))) , (S-ADV (NP-SBJ *-2) (VP saying (SBAR 0 (S (NP-SBJ-4 they) (VP are (VP meant (ADVP only) (S (NP-SBJ *-4) (VP to (VP benefit (NP shareholders) (SBAR-TMP (WHADVP-3 when) `` (S (NP-SBJ the company) (VP is (PP-PRD on (NP a roll)) (ADVP-TMP *T*-3)))))))))))))) . '')) (TOP (S (NP-SBJ He) (VP added , `` (S (S (NP-SBJ This) (VP has (NP (NP nothing) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1) (PP-CLR with (NP Marty Ackerman))))))))) and (S (NP-SBJ-2 it) (VP is not (VP designed , (ADVP particularly) , (S (NP-SBJ *-2) (VP to (VP take (S (NP-SBJ the company) (ADJP-PRD private)))))))))) . '')) (TOP (S But (NP-SBJ Mr. Ackerman) (VP said (SBAR 0 (S (NP-SBJ (NP the buy-back) , and (NP (NP the above-market price) (VP paid (NP *))) ,) (VP prove (SBAR that (S (NP-SBJ-1 Mr. Edelman) (VP is (VP running (S-ADV (NP-SBJ *-1) (VP scared)))))))))) .)) (TOP (S (NP-SBJ Dow Jones & Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP extended (NP (NP its (ADJP $ 18-a-share *U*) offer) (PP for (NP Telerate Inc. common stock))) (PP-TMP-CLR until (NP 5 p.m. EST Nov. 9)))))) .)) (TOP (S (NP-SBJ-2 (NP The offer) , (VP valued (NP *) (PP-CLR at (NP (QP about $ 576 million) *U*)) (PP for (NP (NP the 33 %) (PP of (NP Telerate)) (SBAR (WHNP-1 that) (S (NP-SBJ Dow Jones) (VP does n't (ADVP already) (VP own (NP *T*-1)))))))) ,) (VP had (VP been (VP set (S (NP-SBJ *-2) (VP to (VP expire (NP-TMP-CLR Nov. 6))))))) .)) (TOP (S (NP-SBJ (NP Dow Jones) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP (QP about 64 million) ) (PP of (NP (NP (NP Telerate 's) (QP 95 million) common shares) (ADJP outstanding))))))) ,) (VP said (SBAR that (S (NP-SBJ-2 (QP about 24,000) shares) (VP have (VP been (VP tendered (NP *-2) (PP-LOC under (NP its offer)))))))) .)) (TOP (S (NP-SBJ (NP Telerate 's) two independent directors) (VP have (VP rejected (NP the offer) (PP-CLR as (ADJP inadequate)))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ Telerate shares) (VP closed (PP-CLR at (NP $ 19.50 *U*)) , (ADVP-CLR up (NP 12.5 cents))) .)) (TOP (S (NP-SBJ Telerate) (VP provides (NP an electronic financial information network)) .)) (TOP (S (NP-SBJ Dow Jones) (VP (VP publishes (NP (NP The Wall Street Journal) , (NP (NP Barron 's) magazine) , and (NP community newspapers))) and (VP operates (NP (NP financial news services) and (NP computer data bases)))) .)) (TOP (S (NP-SBJ Rockwell International Corp.) (VP reported (NP flat operating earnings) (PP-TMP for (NP (NP the fourth quarter) (VP ended (NP-TMP-CLR Sept. 30))))) .)) (TOP (S (NP-SBJ The (UCP aerospace , automotive supply , electronics and printing-press) concern) (ADVP also) (VP indicated (SBAR that (S (NP-SBJ (NP the first half) (PP of (NP fiscal 1990))) (VP could (VP be (ADJP-PRD rough)))))) .)) (TOP (S (PP-LOC In (NP an interview)) , (NP-SBJ (NP Donald Beall) , (NP chairman) ,) (VP said (SBAR 0 (S (NP-SBJ first-half profit) (ADVP certainly) (VP would (VP trail (NP the past year 's) , (PP-PRP (ADVP primarily) because of (NP (NP weakness) (PP-LOC in (NP the (ADJP heavy-truck and passenger-car) markets))))))))) .)) (TOP (S-1 (ADVP Still) (PRN , (S (NP-SBJ he) (VP added (SBAR 0 (S *T*-1)))) ,) (SBAR-ADV if (S (NP-SBJ the industrial sector) (VP remains (ADJP-PRD relatively stable)))) , (NP-SBJ-2 Rockwell) (VP should (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP (VP recover (PP-TMP in (NP the second half))) and (VP (ADVP about) equal (NP (NP (NP fiscal 1989 's) operating profit) (PP of (NP (QP $ 630.9 million) *U*)))))))))) .)) (TOP (S (PP-TMP For (NP (NP fiscal 1989 's) fourth quarter)) , (NP-SBJ (NP Rockwell 's) net income) (VP totaled (NP (NP (QP $ 126.1 million) *U*) , or (NP (NP 50 cents) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ That) (VP compares (PP with (NP (NP operating earnings) (PP of (NP (NP (QP $ 132.9 million) *U*) , or (NP (NP 49 cents) (NP-ADV a share)) ,)) (NP-TMP (NP the year) (ADVP earlier))))) .)) (TOP (S (NP-SBJ The prior-year period) (VP includes (NP (NP (NP a one-time favorable tax adjustment) (PP on (NP the B-1B bomber program))) and (NP (NP another gain) (PP from (NP (NP sale) (PP of (NP the industrial sewing-machine business)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP made (NP (NP net (QP $ 185.9 million) *U*) , or (NP (NP 70 cents) (NP-ADV a share))))))))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 4 %) (PP-DIR to (NP (QP $ 3.28 billion) *U*)) (PP-DIR from (NP (QP $ 3.16 billion) *U*))) .)) (TOP (S (NP-SBJ Mr. Beall) (VP (VP said (SBAR that (S (NP-SBJ he) (VP was (ADVP-PRD generally) (ADVP pleased (PP with (NP the latest numbers))))))) and (VP cited (NP (NP a particularly strong showing) (PP by (NP (NP the company 's) electronics segment))))) .)) (TOP (S (ADVP Overall) , (NP-SBJ pretax electronics earnings) (VP soared (NP-EXT 12 %) (PP-DIR to (NP (QP $ 107.9 million) *U*)) (PP-DIR from (NP (QP $ 96.4 million) *U*))) .)) (TOP (S (NP-SBJ All four areas) (VP had (NP higher revenue) (PP-TMP for (NP (NP the three months) (VP ended (NP-TMP-CLR Sept. 30))))) .)) (TOP (S (PP-TMP For (NP the year)) , (NP-SBJ-1 electronics) (VP emerged (PP-CLR as (NP (NP Rockwell 's) largest sector)) (PP in (NP (NP terms) (PP of (NP sales and earnings)))) , (S-ADV (NP-SBJ *-1) (VP muscling (PRT out) (NP aerospace) (PP-TMP for (NP the first time))))) .)) (TOP (S (NP-SBJ (NP The graphics business) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (ADVP also) (VP was (VP singled (PRT out) (NP *-1) (PP by (NP-LGS the chairman)) (PP-CLR as (NP a positive)))))) ,) (VP saw (S (NP-SBJ (NP its operating earnings) (PP-TMP for (NP the quarter))) (VP jump (NP-EXT 79 %) (PP-DIR to (NP (QP $ 42.1 million) *U*)) (PP-DIR from (NP (QP $ 23.5 million) *U*))))) .)) (TOP (S (PP-TMP For (NP the year)) , (S-ADV (NP-SBJ-2 *-1) (VP bolstered (NP *-2) (PP by (NP-LGS (NP the introduction) (PP of (NP the Colorliner newspaper-printing press)))))) , (NP-SBJ-1 graphics earnings) (ADVP almost) (VP doubled) .)) (TOP (S (S (NP-SBJ Aerospace earnings) (VP sagged (NP-EXT (NP (NP 37 %) (PP-TMP for (NP the quarter))) and (NP (NP 15 %) (PP-TMP for (NP the year)))) , (ADVP-PRP largely due (PP to (NP lower B-1B program profit))))) ; (S (NP-SBJ (NP the last) (PP of (NP the bombers))) (VP rolled (ADVP-DIR out) (PP-TMP in (NP April 1988)))) .)) (TOP (S (NP-SBJ-1 That) (VP was (ADVP partially) (VP offset (NP *-1) (PP by (NP-LGS (NP (NP the resumption) (PP of (NP space shuttle flights))) and (NP (NP increased demand) (PP for (NP expendable launch-vehicle engines))))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP took (NP-CLR hits) (PP-TMP in (NP (NP the fourth quarters) (PP of (NP 1989 and 1988)))) (PP-CLR on (NP (NP a fixed-price weapons-modernization development program) -- (NP probably the C-130 gunship))) , (PP according (PP to (NP analysts)))) .)) (TOP (S (PP-TMP For (NP fiscal 1989)) , (NP-SBJ the company) (VP posted (NP (NP net) (PP of (NP (NP (QP $ 734.9 million) *U*) , or (NP (NP $ 2.87 *U*) (NP-ADV a share)) ,))) (ADVP down (PP from (NP (NP (QP $ 811.9 million) *U*) , or (NP (NP $ 3.04 *U*) (NP-ADV a share)) , (PP-TMP in (NP fiscal 1988)))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Excluding (NP (NP one-time additions) (PP to (NP profit)) (PP-TMP in (NP each year))))) , (NP-SBJ (NP earnings) (PP per (NP share))) (VP were (NP-PRD $ 2.47 *U*) , (ADVP-CLR up (NP 7.4 %) (PP from (NP (NP $ 2.30 *U*) (PP-TMP in (NP fiscal 1988)))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP the year))) (VP rose (NP-EXT 5 %) (PP-DIR to (NP (QP $ 12.52 billion) *U*)) (PP-DIR from (NP (QP $ 11.95 billion) *U*)) (PP-TMP in (NP fiscal 1988))) .)) (TOP (S (NP-SBJ Dell Computer Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP cut (NP (NP prices) (PP on (NP (NP several) (PP of (NP its personal computer lines))))) (PP by (NP (QP 5 % to 17 %) *U*)))))) .)) (TOP (S (NP-SBJ (NP The (ADJP Austin , Texas-based) company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP specializes (PP-CLR in (NP (NP the direct sale) (PP of (NP (NP personal computers) and (NP accessories)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ its price cuts) (VP include (NP (NP a (ADJP (QP $ 100) *U*) reduction) (PP on (NP (NP its System 210 computer) (PP with (NP (NP (NP 512 kilobytes) (PP of (NP memory))) , (NP a 40-megabyte hard disk) and (NP a color monitor)))))))))) .)) (TOP (S (NP-SBJ That package) (ADVP-TMP now) (VP sells (PP-CLR for (NP (QP about $ 2,099) *U*))) .)) (TOP (S (NP-SBJ (NP A computer) (VP using (NP the more-advanced Intel Corp. 386 microprocessor)) , (PP with (NP (NP (NP four megabytes) (PP of (NP memory))) and (NP a 100-megabyte hard disk)))) (ADVP-TMP now) (VP sells (PP-CLR for (NP (NP $ 5,699 *U*) , (ADVP down (PP from (NP $ 6,799 *U*)))))) .)) (TOP (S (NP-SBJ (NP Personal computer prices) (PP for (NP (NP models) (VP using (NP (NP the Intel 286 and 386 microprocessors) , (SBAR (WHNP-1 which) (S (NP-SBJ the Dell models) (VP use (NP *T*-1)))) ,))))) (ADVP generally) (VP have (VP been (VP coming (ADVP-DIR down) (SBAR-ADV as (S (NP-SBJ chip prices) (VP have (VP fallen))))))) .)) (TOP (S (NP-SBJ World sugar futures prices) (VP soared (PP-CLR on (NP rumors (SBAR that (S (NP-SBJ (NP Brazil) , (NP a major grower and exporter) ,) (VP might not (VP ship (NP sugar) (NP-TMP (NP this crop year) and (NP next))))))))) .)) (TOP (S (NP-SBJ-1 Prices) (ADVP also) (VP were (VP boosted (NP *-1) (PP by (NP-LGS another rumor (SBAR that (S (NP-SBJ-2 (NP Mexico) , (NP usually a large producer and exporter) ,) (VP might (VP have (S (NP-SBJ *-2) (VP to (VP buy (NP (NP a large quantity) (PP of (NP sugar)))))))))))))) .)) (TOP (S (S-TPC-2 (SBAR-ADV Although (S (NP-SBJ-3 traders) (VP rushed (S (NP-SBJ *-3) (VP to (VP buy (NP futures contracts))))))) , (NP-SBJ many) (VP remained (ADJP-PRD skeptical (PP about (NP (NP the Brazilian development) , (SBAR (WHNP-4 which) (S (NP-SBJ-1 *T*-4) (VP could n't (VP be (VP confirmed (NP *-1))))))))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The March and May contracts) (VP rose (PP-CLR to (NP (NP fresh life-of-contract highs) (PP of (NP (NP 14.54 cents) and (NP 14.28 cents))))) (PP at (NP (NP their best levels) (PP of (NP the day))))) .)) (TOP (S (NP-SBJ (NP The March delivery) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP no limits)))) ,) (VP settled (PP-CLR at (NP (NP 14.53 cents) , (ADVP up (NP (NP 0.56 cent) (NP-ADV a pound)))))) .)) (TOP (S (NP-SBJ (NP The May contract) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP is (PP-PRD without (NP restraints))))) ,) (VP ended (PP with (NP (NP a gain) (PP of (NP 0.54 cent)) (PP to (NP 14.26 cents))))) .)) (TOP (S (NP-SBJ The July delivery) (VP rose (NP-ADV (NP its daily permissible limit) (PP of (NP (NP 0.50 cent) (NP-ADV a pound)))) (PP-CLR to (NP 14.00 cents)) , (SBAR-ADV while (S (NP-SBJ other contract months) (VP showed (NP near-limit advances))))) .)) (TOP (S (PP According (PP to (NP (NP reports) (VP carried (NP *) (PP by (NP-LGS various news services)))))) , (NP-SBJ the Brazilian government) (VP told (NP its sugar producers) (SBAR that (S (NP-SBJ-1 they) (VP wo n't (VP be (VP allowed (S (NP-SBJ *-1) (VP to (VP export (NP sugar) (PP-TMP during (NP (NP (NP the current 1989-90 season) , (SBAR (WHNP-92 which) (S (NP-SBJ *T*-92) (VP began (NP-TMP-CLR May 1)))) ,) and (NP the 1990-91 season))) (SBAR-PRP so that (S (NP-SBJ-2 it) (VP can (VP be (VP used (NP *-2) (S-CLR (NP-SBJ *) (VP to (VP produce (NP alcohol) (PP-CLR for (NP automobile fuel))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP One analyst) , (NP Arthur Stevenson) , (PP of (NP (NP Prudential-Bache Securities) , (NP-LOC New York) ,))) (VP estimated (SBAR that (S (NP-SBJ (NP 65 % (QP or more)) (PP of (NP (NP Brazil 's) (ADJP newly made) automobiles))) (VP (VP run (PP-CLR on (NP alcohol))) and (VP ca n't (VP use (NP gasoline))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ This) (VP is (NP-PRD (NP a demand) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP must (VP be (VP met (NP *-1) , (ADVP regardless (PP of (NP (NP the price) (PP of (NP oil))))) ,)))))))) '' (VP said (S *T*-2)) (NP-SBJ Mr. Stevenson) .)) (TOP (S (NP-SBJ Brazil) (VP is (NP-PRD (NP (NP (NP the third-largest producer) (PP *RNR*-1)) and (NP (NP the fifth-largest exporter) (PP *RNR*-1)) (PP-1 of (NP sugar))) (PP-LOC in (NP the world)))) .)) (TOP (S (S (NP-SBJ-1 (NP A shift) (PP to (S-NOM (NP-SBJ *) (VP producing (NP (NP more alcohol) and (NP less sugar)))))) (VP had (VP been (VP expected (NP *-1))))) , but (S (NP-SBJ the latest news) , (SBAR-ADV if (FRAG (ADJP true))) , (VP indicates (NP (NP a more drastic shift) (SBAR (WHNP-2 0) than (S (NP-SBJ-3 *T*-2) (VP had (VP been (VP anticipated (NP *-3))))))))) .)) (TOP (S (PP-TMP During (NP the current crop year)) , (NP-SBJ-1 Brazil) (VP was (VP expected (S (NP-SBJ *-1) (VP to (VP produce (NP (NP (NP (QP 6.9 million) tons) (PP of (NP sugar))) , (NP (NP a drop) (PP from (NP (NP (QP 8.1 million) tons) (PP-TMP in (NP 1988-89))))))))))) .)) (TOP (S (NP-SBJ-1 Its 1989-90 exports) (VP were (VP expected (S (NP-SBJ *-1) (VP to (VP total (NP 645,000 tons) (PP in (NP (NP contrast) (PP to (NP (NP shipments) (PP of (NP (QP 1.5 million) tons (X (PP in))))))))))))))) (TOP (SINV `` (S-CLF-TPC-2 (NP-SBJ It) (VP is (NP-PRD these 645,000 tons)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (PP-PRD in (NP question)) (PP for (NP this crop year)))))) , '' (VP explained (S *T*-2)) (NP-SBJ (NP Judith Ganes) , (NP (NP analyst) (PP for (NP (NP Shearson Lehman Hutton) , (NP-LOC New York))))) .)) (TOP (S `` (S (NP-SBJ-2 Producers) (VP were (VP granted (NP *-2) (NP the right (S *ICH*-1)) (NP-TMP earlier this year) (S-1 (NP-SBJ *) (VP to (VP ship (NP sugar))))))) and (S (NP-SBJ-4 the export licenses) (VP were (VP expected (S (NP-SBJ-5 *-4) (VP to (VP have (VP begun (S (NP-SBJ-3 *-5) (VP to (VP be (VP issued (NP *-3))))) '' (NP-TMP yesterday)))))))) .)) (TOP (S-2 (PP As (NP a result)) (PRN , (S (NP-SBJ Ms. Ganes) (VP said (SBAR 0 (S *T*-2)))) ,) (NP-SBJ it) (VP is (VP believed (SBAR that (S (NP-SBJ-1 (NP little or no sugar) (PP from (NP the 1989-90 crop))) (VP has (VP been (VP shipped (NP *-1) (ADVP yet) , (SBAR-ADV even though (S (NP-SBJ the crop year) (VP is (ADJP-PRD (NP six months) old))))))))))) .)) (TOP (S (NP-SBJ (NP More) (PP than (NP (NP a half) (PP of (NP (NP all sugar) (VP produced (NP *) (PP-LOC in (NP Brazil)))))))) (VP goes (PP-CLR for (NP alcohol production)) , (PP according (PP to (NP Ms. Ganes)))) .)) (TOP (S (S-TPC-2 (ADVP Also) , (S (NP-SBJ there) (VP has (VP been (NP-PRD (NP a switch) (PP *ICH*-3)) (PP-TMP in (NP the past decade)) (PP-3 to (NP (NP planting) (PP of (NP orange trees)) (PP-LOC in (NP (NP areas) (SBAR (WHNP-5 that) (S (NP-SBJ-1 *T*-5) (VP were (ADVP-TMP previously) (VP used (NP *-1) (PP-CLR for (NP cane))))))))))))) , and (S (NP-SBJ-4 this change) (VP is (VP being (VP felt (NP-PRD *-4) (ADVP-TMP now)))))) , (NP-SBJ she) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S-2 (ADVP Most important) (PRN , (S (NP-SBJ Ms. Ganes) (VP noted (SBAR 0 (S *T*-2)))) ,) `` (NP-SBJ Brazilian officials) (VP said (SBAR that (S (NP-SBJ-1 no decision) (VP has (ADVP as yet) (VP been (VP made (NP *-1) (PP-CLR on (NP (NP the suspension) (PP of (NP exports)))))))))) . '')) (TOP (S (NP-SBJ (NP Thomas Oxnard) , (NP (NP sugar analyst) (PP for (NP (NP PaineWebber) (PP-LOC in (NP (NP Hackensack) , (NP N.J.)))))) ,) (VP said : `` (S (NP-SBJ I) (VP am (ADJP-PRD highly skeptical (SBAR that (S (NP-SBJ Brazil) (VP will (VP curtail (NP sugar exports) , (SBAR-ADV (ADVP particularly) with (S (NP-SBJ (NP the price) (PP of (NP sugar))) (PP-PRD at (NP (NP (QP over 14) cents) (NP-ADV a pound))))))))))))) . '')) (TOP (S-1 (ADVP Above all) (PRN , (S (NP-SBJ Mr. Oxnard) (VP noted (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the situation) (VP is (ADJP-PRD extremely confused)) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-3 (NP Professional sugar people) (ADVP-LOC here) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (NP (NP strong contacts) (PP with (NP the Brazilian sugar industry))))))) (VP have (VP been (ADJP-PRD unable (S (NP-SBJ *-3) (VP to (VP (VP confirm (NP the reports)) or (VP get (NP (NP enough information) (SBAR (WHADVP-4 0) (S (NP-SBJ *) (VP to (VP clarify (NP the situation) (ADVP *T*-4)))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD (NP the type) (PP of (NP nervous atmosphere)) (SBAR (WHPP-2 in (WHNP which)) (S (S (NP-SBJ-6 (NP a report) (PP *ICH*-1)) (VP can (VP be (VP put (PRT out) (NP *-6) (PP-LOC *T*-2) , (PP-1 such as (NP (NP the one) (VP saying (SBAR 0 (S (NP-SBJ-7 exports) (VP will (VP be (VP suspended (NP *-7))))))))))))) , and (S (NP-SBJ no one) (VP can (VP confirm (NP it)))))))) . '')) (TOP (S (NP-SBJ Mr. Oxnard) (VP observed (SBAR that (S (NP-SBJ (NP the situation) (PP-LOC in (NP Brazil))) (VP is (ADVP also) (ADJP-PRD very complicated))))) .)) (TOP (S (PP On (NP the one hand)) , (NP-SBJ-1 Brazil) (VP (VP started (NP an ethanol program) (ADVP-TMP (NP (QP about 15) years) ago) (S-PRP (NP-SBJ *-1) (VP to (VP fuel (NP (NP a huge portion) (PP of (NP (NP its national fleet) (PP of (NP cars))))))))) and (VP is (ADVP-TMP now) (ADJP-PRD committed (PP to (NP this program))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 It) (VP has (S (NP-SBJ *-1) (VP to (VP weigh , (PP on (NP the other hand)) , (NP (NP the (ADJP relatively high) price) (PP of (NP sugar)) (SBAR (WHNP-3 0) (S (NP-SBJ it) (VP can (VP earn (NP *T*-3) (PP-LOC on (NP the export market))))))) (PP in (S-NOM (NP-SBJ *) (VP making (NP (NP decisions) (PP as to (SBAR whether (S (NP-SBJ *) (VP to (VP produce (NP sugar or alcohol))))))))))))))) , '' (NP-SBJ Mr. Oxnard) (VP said (S *T*-2)) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Mexico) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADVP normally) (NP-PRD a sugar exporter)))) ,) (VP has (VP had (NP production problems) (PP-TMP in (NP the past two years))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-3 (NP-TMP Last year) , (NP-SBJ-1 it) (VP had (S (NP-SBJ-2 *-1) (VP to (VP buy (NP sugar) (PP-LOC on (NP the world market)) (S-PRP (NP-SBJ *-2) (VP to (VP meet (NP export commitments))))))))) , (NP-SBJ they) (VP noted (SBAR 0 (S *T*-3))) .)) (TOP (S (S-TPC-4 (NP-TMP This year) (NP-SBJ-1 it) (VP (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a net importer)))))) and (VP is (VP said (S (NP-SBJ-2 *-1) (VP to (VP be (VP seeking (S (NP-SBJ-3 *-2) (VP to (VP buy (NP (NP (QP about 200,000) tons) (PP of (NP sugar))) (S-PRP (NP-SBJ *-3) (VP to (VP meet (NP internal needs))))))))))))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (FRAG-HLN (PP-LOC In (NP other commodity markets)) (NP-TMP yesterday) :)) (TOP (NP-HLN (NP ENERGY) :)) (TOP (S (NP-SBJ Petroleum futures) (VP were (ADJP-PRD generally higher) (PP with (S-NOM (NP-SBJ heating oil) (VP leading (NP the way))))) .)) (TOP (S (PP-LOC On (NP the New York Mercantile Exchange)) , (NP-SBJ-1 (NP heating oil) (PP for (NP December delivery))) (VP increased (NP-EXT 1.25 cents) (S-CLR (NP-SBJ *-1) (VP to (VP settle (PP-CLR at (NP (NP 60.36 cents) (NP-ADV a gallon))))))) .)) (TOP (S (NP-SBJ Gasoline futures) (VP were (ADJP-PRD mixed (PP to (ADJP unchanged)))) .)) (TOP (S But (NP-SBJ-1 (NP the strength) (PP in (NP heating oil))) (VP helped (S (NP-SBJ *-1) (VP push (PRT up) (NP crude oil)))) .)) (TOP (S (NP-SBJ-1 (NP West Texas Intermediate crude) (PP for (NP December delivery))) (VP rose (NP-EXT (NP 13 cents) (NP-ADV a barrel)) (S-CLR (NP-SBJ *-1) (VP to (VP settle (PP-CLR at (NP $ 20.07 *U*)))))) .)) (TOP (S (NP-SBJ-1 (NP The firmness) (PP in (NP heating oil))) (VP was (VP attributed (NP *-1) (PP-CLR (PP to (NP (NP colder weather) (PP-LOC in (NP (NP parts) (PP of (NP the U.S.)))))) and (PP to (NP (NP the latest weekly report) (PP by (NP the American Petroleum Institute)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP showed (NP (NP a decline) (PP in (NP (NP inventories) (PP of (NP the fuel))))))))))))) .)) (TOP (NP-HLN (NP GRAINS AND SOYBEANS) :)) (TOP (S (NP-SBJ Prices) (VP closed (ADVP mostly higher) (PP-LOC in (NP relatively light trading)) (SBAR-ADV as (S (NP-SBJ-1 farmers) (VP continued (S (NP-SBJ *-1) (VP to (VP withhold (NP their crops) (PP-CLR from (NP the marketplace)) (PP in (NP (NP the hope) (PP of (NP (NP higher prices) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP come))))))))))))))) .)) (TOP (S (NP-SBJ-1 Trading) (VP was (VP muted (NP *-1) (PP in (NP part)) (PP-PRP because of (NP (NP the observance) (PP of (NP All Saints ' Day)) (PP-LOC across (NP (NP much) (PP of (NP Europe)))))))) .)) (TOP (S (NP-SBJ Continued export demand) (ADVP also) (VP supported (NP prices)) .)) (TOP (S (PP As (NP (NP an indicator) (PP of (NP (NP the tight grain supply situation) (PP-LOC in (NP the U.S.)))))) , (NP-SBJ market analysts) (VP said (SBAR that (S (NP-TMP late Tuesday) (NP-SBJ-2 (NP the Chinese government) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP often) (VP buys (NP U.S. grains) (PP-MNR in (NP quantity))))) ,) (VP turned (ADVP instead) (PP-DIR to (NP Britain)) (S-PRP (NP-SBJ *-2) (VP to (VP buy (NP (NP 500,000 metric tons) (PP of (NP wheat)))))))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ-1 prices) (ADVP also) (VP were (VP supported (NP *-1) (PP by (NP-LGS widespread rumors (SBAR that (S (NP-SBJ the Soviet Union) (VP is (PP-PRD on (NP (NP the verge) (PP of (S-NOM (NP-SBJ *) (VP receiving (NP (ADJP most favored) nation status) (PP-DIR from (NP the U.S))))))))))))))))) .)) (TOP (S (NP-SBJ That designation) (VP would , (PP among (NP other things)) , (VP provide (NP (NP more generous credit terms) (SBAR (WHPP-1 under (WHNP which)) (S (NP-SBJ the Soviets) (VP could (VP purchase (NP grain) (PP *T*-1)))))))) .)) (TOP (S (NP-SBJ-1 The Soviets) (VP are (ADVP widely) (VP believed (S (NP-SBJ *-1) (VP to (VP need (NP additional supplies)))) , (PP despite (S-NOM (NP-SBJ *) (VP running (PRT up) (NP (NP record one-month purchases) (PP of (NP (NP (QP 310 million) bushels) (PP of (NP corn))))) (PP-TMP in (NP October))))))) .)) (TOP (NP-HLN (NP COPPER) :)) (TOP (S (NP-SBJ-1 Futures prices) (VP rose , (S-ADV (NP-SBJ *-1) (VP extending (NP (NP Tuesday 's) gains)))) .)) (TOP (S (NP-SBJ The December contract) (VP advanced (NP-EXT (NP 2.50 cents) (NP-ADV a pound)) (PP-CLR to (NP $ 1.1650 *U*))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ Buying) (PP for (NP the most part)) (VP carried (PRT over) (PP-CLR from (NP the previous session)))) , and (S (NP-SBJ traders) (ADVP apparently) (VP ignored (NP reports (SBAR that (S (NP-SBJ a Chilean mine strike) (VP may (VP have (VP ended (SBAR-TMP (ADVP almost) before (S (NP-SBJ it) (VP began)))))))))))) , (NP-SBJ an analyst) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP According (PP to (NP news service reports))) , (NP-SBJ (NP most workers) (PP-LOC at (NP (NP the Disputado mines) (VP owned (NP *) (PP by (NP-LGS Exxon Corp.)))))) (VP agreed (PP-CLR to (NP (NP a new two-year wage contract) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (NP (NP a (ADJP 5 %) increase) and (NP other benefits)))))))) .)) (TOP (S (S-TPC-1 (ADVP However) , (NP-SBJ some workers) (VP (VP have n't (ADVP yet) (VP accepted (NP the new contract))) and (VP are (VP continuing (NP negotiations))))) , (NP-SBJ the analyst) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP Separately) , (NP-SBJ Reuter) (VP reported (SBAR that (S (NP-SBJ the Papua-New Guinea government) (VP urged (NP-1 its Parliament) (S (NP-SBJ *-1) (VP to (VP extend (NP (NP a state) (PP of (NP emergency))) (PP-LOC in (NP copper-rich Bougainville Island)) (PP-TMP for (NP two months))))))))) .)) (TOP (S (NP-SBJ The Bougainville copper mine) (VP has (VP been (ADJP-PRD inoperative) (PP-TMP since (NP May 15)) (PP-PRP because of (NP (NP attacks) (PP by (NP (NP native landowners) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP want (S (NP-SBJ Bougainville) (VP to (VP secede (PP-CLR from (NP Papua-New Guinea)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The parent) (PP of (NP Younkers))) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP failing (S (NP-SBJ *) (VP to (VP find (NP (NP a buyer) (PP for (NP (NP the chain) (PP of (NP Midwestern department stores))))))))))) , (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP will (VP (VP sell (NP (NP a stake) (PP in (NP the chain))) (PP-DTV to (NP management))) and (VP take (NP-CLR other steps) (S-CLR (NP-SBJ *-2) (VP to (VP reduce (NP (NP its investment) (PP in (NP retailing)))))))))))) .)) (TOP (S (NP-SBJ (NP Equitable) (PP of (NP Iowa Cos.)) , (NP-LOC Des Moines) ,) (VP had (VP been (VP seeking (NP (NP a buyer) (PP for (NP the 36-store Younkers chain))) (PP-TMP since (NP (NP June) , (SBAR (WHADVP-1 when) (S (NP-SBJ it) (VP announced (NP its intention (S (NP-SBJ *) (VP to (VP free (PRT up) (NP capital) (S-PRP (NP-SBJ *) (VP to (VP expand (NP its insurance business)))))))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S But (NP-SBJ Equitable) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP find (NP (NP a buyer) (ADJP willing (S (NP-SBJ *) (VP to (VP pay (SBAR-NOM (WHNP-2 what) (S (NP-SBJ it) (VP considers (S (NP-SBJ *T*-2) (NP-PRD `` fair value ''))))) (PP-CLR for (NP Younkers)) (PP-PRP because of (NP (NP recent turmoil) (PP-LOC (PP in (NP the bond and stock markets)) and (PP in (NP retailing)))))))))))))))))) .)) (TOP (S (NP-SBJ Younkers) (VP rang (PRT up) (NP (NP sales) (PP *ICH*-1)) (PP-TMP in (NP 1988)) (PP-1 of (NP (QP $ 313 million) *U*))) .)) (TOP (S (NP-SBJ It) (VP operates (NP stores) (PP-LOC (ADVP mostly) in (NP Iowa and Nebraska))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 Younkers management) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP buy (NP (NP a (ADJP (QP 10 % to 20 %) *U*) interest) (PP in (NP the chain))) (PP-TMP in (NP January)))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Fred S. Hubbell) , (NP (NP Equitable 's) president and chief executive officer)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 Equitable) (VP hopes (S (NP-SBJ *-1) (VP to (ADVP eventually) (VP reduce (NP (NP its stake) (PP in (NP Younkers))) (PP-CLR to (NP (QP less than 50) %))))))))) .)) (TOP (S (NP-SBJ Tony Lama Co.) (VP said (SBAR that (S (NP-SBJ-1 Equus Investment II Limited Partnership) (VP has (VP proposed (S (NP-SBJ *-1) (VP changing (NP (NP the offer) (PP for (NP the company))) (PP-CLR to (NP (NP $ 13.65 *U*) (PP in (NP cash and stock)))) (PP-CLR from (NP an all-cash transaction))))))))) .)) (TOP (S (PP Under (NP (NP terms) (PP of (NP the new proposal)))) , (NP-SBJ (NP Equus) , (VP managed (NP *) (PP by (NP-LGS (NP Equus Capital Corp.) , (NP-LOC Houston)))) ,) (VP would (VP pay (NP (NP $ 12 *U* cash) and (NP (NP one new preferred share) (PP with (NP (NP a liquidation preference) (PP of (NP (NP $ 1.65 *U*) (NP-ADV a share))) (PP for (NP (NP each) (PP of (NP (NP (NP Tony Lama 's) (QP 2.1 million) shares) (ADJP outstanding))))))))))) .)) (TOP (S (ADVP-TMP Previously) , (NP-SBJ it) (VP offered (NP (NP (NP $ 13.65 *U*) (NP-ADV a share) (PP in (NP cash))) , or (NP (QP $ 29 million) *U*))) .)) (TOP (S (NP-SBJ (NP The (NAC-LOC El Paso , Texas ,) maker) (PP of (NP (NP Western boots) and (NP leather accessories)))) (VP said (SBAR 0 (S (NP-SBJ-1 the preferred stock) (VP (VP would (VP accrue (NP dividends) (PP at (NP a (ADJP 12 %) rate)))) , but (VP would n't (VP be (VP paid (NP *-1) (PP-TMP for (NP the first two years))))))))) .)) (TOP (S (NP-SBJ-1 The stock) (VP would (VP be (VP redeemed (NP *-1) (PP-TMP in (NP five years)) , (ADVP subject (PP to (NP (NP terms) (PP of (NP (NP the surviving company 's) debt)))))))) .)) (TOP (S (S (NP-SBJ Neither (NP Equus) nor (NP Tony Lama)) (VP gave (NP (NP a reason) (PP for (NP the changed offer))))) and (S (NP-SBJ-1 Tony Lama) (VP could n't (VP be (VP reached (NP *-1) (PP for (NP comment)))))) .)) (TOP (S (ADVP However) , (NP-SBJ Tony Lama) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (ADVP-TMP promptly) (VP submit (NP the offer) (PP-DTV to (NP (NP a special committee) (PP of (NP (NP the company 's) board))))))))) .)) (TOP (S (NP-SBJ Reuters Holdings PLC) (VP said (SBAR 0 (S (NP-SBJ-1 Michael Reupke) (VP (VP resigned (PP-CLR as (NP general manager)) (S-PRP (NP-SBJ *-1) (VP to (VP pursue (NP unspecified interests))))) , (NP (NP a move) (SBAR (WHNP-2 0) (S (NP-SBJ the news organization) (VP termed (S (NP-SBJ *T*-2) (NP-PRD an `` amicable separation)))))))))) . '')) (TOP (S (NP-SBJ (NP Mr. Reupke) , (UCP (ADJP (NP 52 years) old) and (NP a 27-year Reuters veteran)) ,) (VP had (VP been (NP-PRD (NP the information-services company 's) general manager) (PP-TMP for (NP only six months)))) .)) (TOP (S (NP-SBJ (NP His appointment) (PP to (NP (NP that post) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP senior (UCP administrative , staff and policy) responsibilities)))) ,))) (VP followed (NP (NP a several-year tenure) (PP as (NP (NP (NP Reuters 's) editor) (PP in (NP chief)))))) .)) (TOP (S (S-TPC-3 (S (NP-SBJ-1 No successor) (VP was (VP named (NP *-1)))) , and (S (NP-SBJ-2 (NP Mr. Reupke 's) duties) (VP will (VP be (VP split (NP *-2) (PP among (NP three other senior Reuters executives))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (PP-LOC In (NP a telephone interview)) , (NP-SBJ Mr. Reupke) (VP said (SBAR 0 (S (NP-SBJ his departure) (VP was (PP-PRD for (NP `` (NP personal reasons) , '' (SBAR (WHNP-1 which) (S (NP-SBJ-2 he) (VP declined (S (NP-SBJ *-2) (VP to (VP specify (NP *T*-1))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP is (NP-PRD (NP (NP no business reason) (PP for (NP my departure))) , '' nor (NP (NP any disagreement) (PP over (NP policy)))))) , (NP-SBJ he) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP rejected (NP reports (SBAR that (S (NP-SBJ his departure) (VP stemmed (PP-CLR from (NP disappointment (SBAR 0 (S (NP-SBJ (NP the general manager 's) post) (VP had n't (ADVP also) (VP led (PP-CLR to (NP (NP a board directorship) (PP-LOC at (NP the London-based news organization))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Reupke) (VP was (NP-PRD (NP one) (PP of (NP (NP three executives) (PP-LOC on (NP (NP Reuters 's) eight-person executive committee)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP did n't (ADVP also) (VP serve (PP-CLR on (NP (NP (NP the company 's) board) (PP of (NP directors)))))))))))) .)) (TOP (S `` (S-TPC-2 (SBAR-ADV If (S (NP-SBJ I) (VP were (VP choosing (NP (NP the people) (PP of (NP tomorrow))))))) , (NP-SBJ I) (VP would (VP have (VP chosen (NP (NP the people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (ADVP-TMP now) (PP-PRD on (NP the board)))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ A Reuters spokesman) (VP said (SBAR 0 (S (NP-SBJ the departure) (VP reflects `` (NP (NP no change) (PP in (NP strategy or profits))))))) . '')) (TOP (S (NP-SBJ (NP Mark Shepperd) , (NP (NP an analyst) (PP-LOC at (NP (NP UBS Phillips & Drew) (PP-LOC in (NP London))))) ,) (VP said , `` (S (NP-SBJ I) (VP suspect (SBAR 0 (S -LRB- (NP-SBJ the departure) -RRB- (VP will (VP be (ADJP-PRD fairly irrelevant) (PP for (NP the company))))))))) .)) (TOP (S (NP-SBJ I) (VP would (VP be (ADJP-PRD very surprised) (SBAR-ADV if (S (NP-SBJ his departure) (VP signals (NP any (NAC (NAC change (PP in (NP strategy))) or (NAC change (PP in (NP profit expectations)))))))))) . '')) (TOP (S (PP-LOC On (NP (NP London 's) Stock Exchange)) , (NP-SBJ Reuters shares) (VP rose (NP-EXT five pence) (PP-CLR to (NP (NP 913 pence) (PRN -LRB- (NP $ 14.43 *U*) -RRB-)))) .)) (TOP (S (PP-LOC In (NP the U.S. over-the-counter market)) , (NP-SBJ-1 (NP American depositary shares) (PP for (NP Reuters))) , (S-ADV (NP-SBJ each) (VP representing (NP three shares) (PP-LOC in (NP the London market)))) , (VP closed (ADJP-ADV unchanged) (PP-CLR at (NP $ 43.875 *U*))) .)) (TOP (S (NP-SBJ (NP The senior) (PP of (NP (NP the three executives) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP assume (NP (NP Mr. Reupke 's) duties)))))))) (VP is (NP-PRD (NP Nigel Judah) , (NP 58) , (NP (NP finance director) and (NP a Reuters board director)))) .)) (TOP (S (NP-SBJ (NP Peter Holland) , (NP 45) , (NP deputy general manager) ,) (VP becomes (NP-PRD (NP director) (PP of (NP corporate affairs)))) .)) (TOP (S And (NP-SBJ (NP Patrick Mannix) , (NP 46) , (NP international technical manager) ,) (VP becomes (NP-PRD (NP director) (PP of (NP group quality programs)))) .)) (TOP (S (NP-SBJ (NP DD Acquisition Corp.) , (NP (NP a partnership) (PP of (NP (NP (NP Unicorp Canada Corp. 's) Kingsbridge Capital Group) and (NP Cara Operations Ltd.)))) ,) (VP extended (PP-CLR to (NP Nov. 20)) (NP (NP its (ADJP $ 45-a-share) offer) (PP for (NP (NP all Dunkin' Donuts Inc. shares) (ADJP outstanding))))) .)) (TOP (S (NP-SBJ (NP The offer) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP was (ADJP-PRD due (S (NP-SBJ *-3) (VP to (VP expire (NP-TMP-CLR yesterday)))))))) ,) (VP is (ADJP-PRD conditional (PP (PP on (S-NOM (NP-SBJ-1 (NP 50.1 %) (PP of (NP Dunkin' common shares))) , (PP on (NP (NP a (ADJP fully diluted) basis))) , (VP being (VP tendered (NP *-1))))) and (PP on (NP (NP the withdrawal) (PP of (NP (NP the company 's) poison pill rights plan))))))) .)) (TOP (S (NP-SBJ-2 DD Acquisition) (VP has (VP launched (NP a suit) (PP-LOC in (NP a Delaware court)) (S-CLR (NP-SBJ *-2) (VP seeking (NP (NP the withdrawal) (PP of (NP (NP (NP (NP Dunkin 's) poison pill rights) and (NP employee stock ownership plans)) , (SBAR (WHNP-3 which) (S (NP-SBJ it) (VP claims (SBAR 0 (S (NP-SBJ-1 *T*-3) (VP were (VP put (NP *-1) (PP-PUT in (NP place)) (S-PRP (NP-SBJ *) (VP to (VP deter (NP bidders)))))))))))))))))) .)) (TOP (S (NP-SBJ DD Acquisition) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (QP 2.2 million) shares) , or (NP (NP (QP about 38.5) %) (PP of (NP (NP the shares) (ADJP outstanding)))) ,) (VP have (VP been (VP tendered (NP *-1) (PP-LOC under (NP its offer)))))))) .)) (TOP (S (NP-SBJ The partners) (VP said (SBAR 0 (S (NP-SBJ they) (ADVP already) (VP hold (NP (NP 15 %) (PP of (NP (NP all shares) (ADJP outstanding)))))))) .)) (TOP (S (NP-SBJ Dunkin') (VP has (VP set (NP Nov. 10) (PP-CLR as (NP (NP the deadline) (PP for (NP (NP the receipt) (PP of (NP any competing bids)))))))) .)) (TOP (S (NP-SBJ DD Acquisition) (VP said (SBAR 0 (S (NP-SBJ the extension) (VP is (S-PRP-PRD (NP-SBJ *) (VP to (VP allow (S (NP-SBJ-2 this process) (VP to (VP be (VP completed (NP *-2)))))))))))) .)) (TOP (S (NP-SBJ-1 Dunkin') (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Randolph) , (NP Mass))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Cara) , (NP a food services chain operator)) and (NP (NP Unicorp) , (NP a holding company) ,)) (VP are (VP based (NP *-1) (PP-LOC-CLR in (NP Toronto)))) .)) (TOP (S (NP-SBJ Savin Corp.) (VP reported (NP (NP a third-quarter net loss) (PP of (NP (NP (QP $ 35.2 million) *U*) , or (NP (NP 31 cents) (NP-ADV a share)) ,))) (PP compared (PP with (NP (NP year-earlier profit) (PP of (NP (NP (QP $ 3.8 million) *U*) , or (NP (NP one cent) (NP-ADV a share)))))))) .)) (TOP (S (S (NP-SBJ (NP A spokesman) (PP for (NP the (ADJP Stamford , Conn.based) company))) (VP said (SBAR 0 (S (NP-SBJ operations) (VP had (NP (NP a loss) (PP of (NP (QP $ 5.5 million) *U*)) (PP for (NP the quarter)))))))) ; (S (PP in (NP addition)) , (NP-SBJ-1 the loss) (VP was (VP magnified (NP *-1) (PP by (NP-LGS (NP (NP nonrecurring charges) (VP totaling (NP (QP $ 23.5 million) *U*))) and (NP (NP (QP $ 8.2 million) *U*) (PP in (NP asset-valuation adjustments)) (SBAR (WHNP-2 that) (S (NP-SBJ he) (VP described (NP *T*-2) (PP-CLR as `` (ADJP unusual))))))))))) . '')) (TOP (S (S-TPC-2 (NP-SBJ-1 The charges) (VP were (ADVP partly) (VP offset (NP *-1) (PP by (NP-LGS (NP a (ADJP (QP $ 2 million) *U*) gain) (PP on (NP (NP the sale) (PP of (NP (NP investments) (PP of (NP two joint ventures))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Revenue) (VP declined (NP-EXT 8 %) (PP-CLR to (NP (QP $ 85.7 million) *U*)) , (PP-CLR from (NP (NP (QP $ 93.3 million) *U*) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ Savin) (VP cited `` (NP (NP a general softening) (PP-LOC in (NP (NP the demand) (PP for (NP office products)) (PP-LOC in (NP (NP the market segments) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ Savin) (VP competes (PP-LOC *T*-1)))))))))) .)) (TOP (S (NP-SBJ Hadson Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP a third-quarter net loss) (PP of (NP (QP $ 17 million to $ 19 million) *U*))) (PP-PRP because of (NP (NP special reserves) and (NP continued low natural-gas prices)))))))))) .)) (TOP (S (NP-SBJ The Oklahoma City energy and defense concern) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP record (NP a (ADJP (QP $ 7.5 million) *U*) reserve) (PP for (NP its defense group)) , (PP including (NP (NP a (ADJP (QP $ 4.7 million) *U*) charge) (VP related (NP *) (PP-CLR to (NP (NP (NP problems) (PP-LOC under (NP a fixed-price development contract))) and (NP (NP (QP $ 2.8 million) *U*) (PP in (NP (NP overhead costs) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP wo n't (VP be (VP reimbursed (NP *-1))))))))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Hadson) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP write (PRT off) (NP (NP (QP about $ 3.5 million) *U*) (PP in (NP (NP costs) (VP related (NP *) (PP-CLR to (NP (NP international exploration leases) (SBAR (WHADVP-1 where) (S (NP-SBJ exploration efforts) (VP have (VP been (ADJP-PRD unsuccessful) (ADVP-LOC *T*-1)))))))))))))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP cited (NP (NP interest costs and amortization) (PP of (NP goodwill))) (PP-CLR as (NP (NP factors) (PP in (NP the loss))))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (NP-SBJ net income) (VP was (NP-PRD (NP (QP $ 2.1 million) *U*) , or (NP (NP six cents) (NP-ADV a share)) ,) (PP on (NP (NP revenue) (PP of (NP (QP $ 169.9 million) *U*))))) .)) (TOP (S (NP-SBJ (NP A lack) (PP of (NP (NP enthusiasm) (PP with (NP the latest economic data))))) (VP hampered (NP (NP the stock market 's) bid (S (NP-SBJ *) (VP to (VP extend (NP (NP Tuesday 's) sharp gains))))) , (SBAR-ADV as (S (NP-SBJ prices) (VP closed (ADVP slightly higher) (PP-LOC in (NP sluggish trading)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP renewed optimism) (PP about (NP (NP the outlook) (PP for (NP takeover activity))))) (VP boosted (NP several so-called deal stocks)))) , (NP-SBJ traders) (VP said (SBAR 0 (S (NP-SBJ profit-taking) (VP weighed (PP-CLR on (NP the market)) , (PP with (S-NOM (NP-SBJ blue-chips) (VP bearing (NP (NP the brunt) (PP of (NP the selling)))))))))) .)) (TOP (S (NP-SBJ (NP The Dow Jones Industrial Average) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP jumped (NP-ADV 41.60 points) (PP-TMP on (NP Tuesday)))))) ,) (VP (VP drifted (PP-LOC on (NP (NP either side) (PP of (NP its previous close))))) and (VP finished (PP with (NP (NP a gain) (PP of (NP just 0.82)))) (PP-CLR at (NP 2645.90)))) .)) (TOP (S (S (NP-SBJ (NP Standard & Poor 's) 500-Stock Index) (VP added (NP-EXT 0.84) (PP-CLR to (NP 341.20)))) ; (S (NP-SBJ the rise) (VP was (ADJP-PRD equivalent (PP to (NP (NP a gain) (PP of (NP (QP about six) points)) (PP-LOC in (NP the industrial average))))))) .)) (TOP (S (S (NP-SBJ The Dow Jones Equity Market Index) (VP gained (NP-EXT 0.99) (PP-CLR to (NP 319.75)))) and (S (NP-SBJ the New York Stock Exchange Composite Index) (VP went (ADVP-DIR up) (NP-EXT 0.60) (PP-CLR to (NP 188.84)))) .)) (TOP (S (NP-SBJ Advancing stocks) (VP led (NP decliners) (PP-LOC on (NP the New York Stock Exchange)) (PP by (NP 847)) (PP-CLR to (NP 644))) .)) (TOP (S (NP-SBJ Big Board volume) (VP amounted (PP-CLR to (NP (NP 154,240,000 shares) , (ADVP down (PP from (NP (NP 176.1 million) (NP-TMP Tuesday))))))) .)) (TOP (S (NP-SBJ (NP The October survey) (PP of (NP corporate purchasing managers))) , (SBAR-ADV as (S (NP-SBJ *) (VP expected))) , (VP provided (NP evidence (SBAR that (S (NP-SBJ economic growth) (VP remains (ADJP-PRD subdued)))))) .)) (TOP (S (S (NP-SBJ (NP An index) (PP of (NP economic activity)) (VP drawn (NP *) (PP-CLR from (NP the survey)))) (VP stood (NP-TMP last month) (PP-CLR at (NP 47.6 %)))) ; (S (NP-SBJ (NP a reading) (PP above (NP 50 %))) (VP would (VP have (VP indicated (SBAR that (S (NP-SBJ the manufacturing sector) (VP was (VP improving)))))))) .)) (TOP (S But (SBAR-ADV with (S (S (NP-SBJ the index) (VP proving (ADJP-PRD (ADJP somewhat better) (SBAR than (S (NP-SBJ *) (VP expected)))))) and (S (NP-SBJ-1 (NP the (ADJP widely anticipated) report) (PP on (NP October employment))) (VP scheduled (S (NP-SBJ *-1) (VP to (VP arrive (NP-TMP tomorrow)))))))) , (NP-SBJ stock prices) (VP (VP firmed (ADVP-MNR only modestly) (PP in (NP (NP response) (PP to (NP the report))))) and (VP (ADVP-TMP then) faltered)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This market) (VP 's (ADVP still) (VP going (PP through (NP its pains))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Philip Puccio) , (NP (NP head) (PP of (NP equity trading)) (PP-LOC at (NP Prudential-Bache Securities)))) .)) (TOP (S `` (NP-SBJ The psychology) (VP is (ADVP-PRD still) : ` (S (S (NP-SBJ We) (VP want (S -LRB- (NP-SBJ stocks) -RRB- (ADVP-PRD up)))) , but (S (SBAR-ADV if (S (NP-SBJ they) (VP do n't (VP carry)))) (NP-SBJ-1 we) (VP 're (VP going (S (NP-SBJ *-1) (VP to (VP sell (NP them))))))))) . ' '')) (TOP (S (S-TPC-1 (NP-SBJ (NP Uncertainty) (PP about (NP (NP the prospects) (PP for (NP further action (S (NP-SBJ *) (VP to (VP curtail (NP (NP stock-index arbitrage) , (NP (NP a form) (PP of (NP program trading)) (VP blamed (NP *) (PP-CLR for (NP (NP recent volatility) (PP-LOC in (NP the market)))))) ,))))))))) (ADVP also) (VP contributed (PP-CLR to (NP (NP its lack) (PP of (NP direction)))))) , (NP-SBJ Mr. Puccio) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP Arbitrage-related trading) (PP-TMP during (NP the session))) (VP was (VP confined (NP *-1) (PP-CLR (ADVP largely) to (NP (NP a round) (PP of (NP buy programs)) (PP-TMP near (NP the close)) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP helped (S (NP-SBJ *-3) (VP offset (NP (NP the impact) (PP of (NP profit-taking)) (PP among (NP blue chips)))))))))))) .)) (TOP (S (NP-SBJ-1 Trading) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP remain (ADJP-PRD subdued) (SBAR-TMP as (S (NP-SBJ the market) (VP awaits (NP (NP (NP tomorrow 's) release) (PP of (NP the jobs data))) (PP with (NP the hope (SBAR that (S (NP-SBJ it) (VP will (VP point (PP-DIR toward (NP (NP a decline) (PP in (NP interest rates)))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP sense (SBAR that (S (NP-SBJ-2 some people) (VP are (ADJP-PRD reluctant (S (NP-SBJ *-2) (VP to (VP stick (NP their necks) (PRT out) (PP-MNR in (NP any aggressive way)) (PP-TMP until (SBAR after (S (NP-SBJ the figures) (VP come (ADVP-DIR out)))))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Richard Eakle) , (NP (NP president) (PP of (NP (NP Eakle Associates) , (NP-LOC Fair Haven) ,)))))) (TOP (S (NP-SBJ Campbell Soup) (VP jumped (NP-EXT 3 3/8) (PP-CLR to (NP 47 1/8)) (SBAR-ADV as (S (NP-SBJ (NP the resignation) (PP of (NP R. Gordon McGovern)) (PP as (NP president and chief executive officer))) (VP sparked (NP (NP a revival) (PP of (NP rumors (SBAR that (S (NP-SBJ the company) (VP could (VP become (NP-PRD a takeover target)))))))))))) .)) (TOP (S (S (NP-SBJ Prudential-Bache Securities) (VP boosted (NP (NP the stock 's) short-term investment rating) (PP in (NP (NP response) (PP to (NP the departure)))))) ; (S (NP-SBJ analyst John McMillin) (VP said (SBAR 0 (S (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ the company) (VP will (VP turn (PP-CLR to (NP (NP new management) `` (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD (ADVP more financially) oriented))))))))))))))) . '')) (TOP (S (NP-SBJ (NP Other rumored takeover and restructuring candidates) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP attract (NP buyers)))))) (VP included (NP (NP (NP-3 Woolworth) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP went (ADVP-DIR-4 up (NP 1 3/4) (PP to (NP 59 1/2))) )))) ; (NP (NP=3 Avon Products) , (ADVP-DIR=4 up (NP 1 3/4) (PP to (NP 29 1/4)))) ; (NP (NP=3 Paramount Communications) , (ADVP-DIR=4 up (NP 2) (PP to (NP 57 7/8))) ,) and (NP (NP=3 Ferro) , (ADVP-DIR=4 up (NP 2 5/8) (PP to (NP 28 3/4)))))) .)) (TOP (S (NP-SBJ (NP Upjohn) , (NP (NP a rumored target) (PP-LOC within (NP the drug industry))) ,) (VP advanced (NP-EXT 7/8) (PP-DIR to (NP 38 7/8))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP plans (NP (NP a fourth-quarter charge) , (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP did n't (VP specify (NP *T*-1))))) , (PP for (NP an early-retirement program))))))) .)) (TOP (S (NP-SBJ AMR) (VP climbed (NP-EXT 1 3/4) (PP-DIR to (NP 73 1/8)) (PP amid (NP rumors (SBAR that (S (NP-SBJ New York developer Donald Trump) (VP was (VP seeking (NP (NP financing) (SBAR-PRP (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP mount (NP (NP a new , lower offer) (PP for (NP (NP the parent company) (PP of (NP American Airlines))))) (ADVP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ Mr. Trump) (VP withdrew (NP a (ADJP $ 120-a-share *U*) bid) (NP-TMP last month)) .)) (TOP (S (NP-SBJ UAL) (VP rose (NP-EXT 1 1/2) (PP-DIR to (NP 177))) .)) (TOP (S (NP-SBJ Drexel Burnham Lambert analyst Michael Derchin) (VP said (SBAR 0 (S (NP-SBJ he) (VP sees (NP a (ADJP 70 %) chance (SBAR that (S (NP-SBJ-1 (NP (NP the parent) (PP of (NP United Airlines))) , (NP (NP the target) (PP of (NP (NP a failed (ADJP $ 300-a-share *U*) offer) (PP from (NP a labor-management group))))) ,) (VP will (VP be (VP acquired or restructured (NP *-1) (PP-TMP within (NP six months)))))))))))) .)) (TOP (S (NP-SBJ Georgia Gulf) (VP added (NP-ADV 1 3/4) (PP-CLR to (NP 51 1/4)) (SBAR-TMP after (S (NP-SBJ-2 (NP NL Industries) , (VP controlled (NP *) (PP by (NP-LGS Dallas investor Harold Simmons))) ,) (VP offered (S (NP-SBJ *-2) (VP to (VP acquire (NP (NP the stock) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP does n't (ADVP already) (VP own (NP *T*-1)))))) (PP-CLR for (NP (NP $ 50 *U*) (NP-ADV a share)))))))))) .)) (TOP (S (NP-SBJ (NP NL) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP closed (S-CLR (NP-SBJ *-2) (ADJP-PRD unchanged)) (PP-CLR at (NP 22 3/4))))) ,) (VP has (NP (NP a stake) (PP of (NP (QP just under 10) %)))) .)) (TOP (S (NP-SBJ (NP Great Northern Nekoosa) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP surged (NP-EXT 20 1/8) (NP-TMP Tuesday) (SBAR-TMP after (S (NP-SBJ Georgia-Pacific) (VP launched (NP (NP a (ADJP (QP $ 3.18 billion) *U*) offer) (PP for (NP the company))))))))) ,) (VP dropped (NP-EXT 1 3/8) (PP-CLR to (NP 61 1/2)) (PP-TMP in (NP (NP Big Board composite trading) (PP of (NP (QP 5.1 million) shares))))) .)) (TOP (S (NP-SBJ (NP Georgia-Pacific) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP went (ADVP-DIR down (NP-ADV 2 1/2)) (NP-TMP Tuesday)))) ,) (VP lost (NP-ADV another 1/2) (PP-CLR to (NP 50 3/8))) .)) (TOP (S (NP-SBJ-1 Other (UCP paper and forest-products) stocks) (VP closed (S-CLR (NP-SBJ *-1) (ADJP-PRD mixed))) .)) (TOP (S (S (NP-SBJ Mead) (VP rose (NP-EXT 3/4) (PP-CLR to (NP 39 1/2)))) , (S (NP-SBJ Federal Paper Board) (VP added (NP 1/2) (PP-CLR to (NP 24 3/8)))) and (S (NP-SBJ Scott Paper) (VP gained (NP-EXT 1/2) (PP-CLR to (NP 48 3/8)))) , (SBAR-ADV while (S (S (NP-SBJ International Paper) (VP fell (NP-EXT 7/8) (PP-DIR to (NP 48 7/8)))) , (S (NP-SBJ Champion International) (VP lost (NP 3/8) (PP-CLR to (NP 31 1/2)))) and (S (NP-SBJ Louisiana-Pacific) (VP dropped (NP-EXT 1/8) (PP-DIR to (NP 40 1/4)))))) .)) (TOP (S (NP-SBJ Texaco) (VP rose (NP-EXT 3/4) (PP-DIR to (NP 53 3/8)) (SBAR-ADV as (S (NP-SBJ (QP 4.4 million) shares) (VP changed (NP-CLR hands))))) .)) (TOP (S (S (NP-SBJ (NP Most) (PP of (NP the volume))) (VP came (PP-DIR from (NP (NP trades) (VP designed (NP *) (S-CLR (NP-SBJ *) (VP to (VP capture (NP (NP the stock 's) next dividend))))))))) ; (S (NP-SBJ Texaco) (VP (VP has (NP (NP a yield) (PP of (NP 5.6 %)))) and (VP goes (ADJP-PRD ex-dividend) (NP-TMP today)))) .)) (TOP (S (NP-SBJ Santa Fe Pacific) (VP dropped (NP-EXT 1 1/8) (PP-CLR to (NP 17 3/4))) .)) (TOP (S (NP-SBJ (NP The company 's) proposal (S (NP-SBJ *) (VP to (VP sell (NP (NP a (ADJP 20 %) stake) (PP in (NP its real-estate unit))) (PP-CLR for (NP (QP around $ 400 million) *U*)))))) (VP has (VP caused (S (NP-SBJ-1 analysts) (VP to (VP consider (SBAR whether (S (NP-SBJ *-1) (VP to (VP cut (NP (NP their estimates) (PP of (NP (NP Santa Fe 's) asset value)))))))))))) .)) (TOP (S (NP-SBJ GenCorp) (VP tumbled (NP-EXT 2) (PP-DIR to (NP 14))) .)) (TOP (S (NP-SBJ The company) (VP forecast (SBAR that (S (NP-SBJ (NP fourth-quarter income) (PP from (NP continuing operations))) (VP would (VP be (ADJP-PRD (ADJP `` significantly '' lower) (PP than (ADVP-TMP (NP a year) earlier)))))))) .)) (TOP (S (NP-SBJ Allergan) (VP went (ADVP-DIR up (NP 1/2) (PP to (NP 19 3/8)))) .)) (TOP (S (NP-SBJ The Food and Drug Administration) (VP allowed (S (NP-SBJ-1 the company) (VP to (VP begin (S (NP-SBJ *-1) (VP marketing (NP (NP a new lens) (PP for (NP (NP use) (PP in (NP cataract patients))))))))))) .)) (TOP (S (NP-SBJ The American Stock Exchange Market Value Index) (VP gained (NP-EXT 1.56) (PP-DIR to (NP 372.14))) .)) (TOP (S (NP-SBJ Volume) (VP totaled (NP 11,390,000 shares)) .)) (TOP (S (NP-SBJ Old Spaghetti Warehouse) (VP rose (NP-EXT 1) (PP-DIR to (NP 16 1/8))) .)) (TOP (S (NP-SBJ (NP Its net income) (PP for (NP the September quarter))) (VP rose (NP-EXT (QP about 41) %) (PP-CLR from (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ Freeport-McMoRan Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP convert (NP its Freeport-McMoRan Energy Partners Ltd. partnership) (PP-CLR into (NP a (ADJP publicly traded) company)) (PP-MNR through (NP (NP the exchange) (PP of (NP (NP units) (PP of (NP the partnership)))) (PP for (NP common shares))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 the restructuring) (VP is n't (VP expected (S (NP-SBJ *-1) (VP to (VP have (NP (NP any impact) , (ADJP adverse or otherwise) , (PP on (NP its financial results))))))))))) .)) (TOP (S (NP-SBJ (NP Freeport-McMoRan) , (NP a (ADJP New Orleans-based) diversified energy conglomerate) ,) (VP said (SBAR 0 (S (NP-SBJ the partnership) (VP will (VP exchange (NP its assets) (PP-CLR for (NP (NP common shares) (PP of (NP a yet-to-be-formed entity))))))))) .)) (TOP (S (S (NP-SBJ-1 Freeport-McMoRan Energy Partners) (VP will (VP be (VP-2 liquidated (NP *-1))))) and (S (NP-SBJ=1-3 (NP shares) (PP of (NP the new company))) (VP=2 distributed (NP *-3) (PP-CLR to (NP (NP the partnership 's) unitholders)))) .)) (TOP (S (S-TPC-2 (NP-SBJ Unitholders) (VP will (VP receive (NP two additional (ADJP 55 cents-a-unit) distribution payments) (SBAR-TMP before (S (NP-SBJ-1 the trust) (VP is (VP liquidated (NP *-1) (PP-TMP in (NP early 1990))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-2 It) (VP is (VP expected (SBAR that (S (NP-SBJ-3 (NP common shares) (ADJP equal (PP to (NP (NP (NP the number) (PP of (NP (NP units) (ADJP outstanding)))) -- (NP (NP (QP about 108 million)) (PP-TMP on (NP Sept. 30))) --)))) (VP will (VP be (VP issued (NP *-3) (PP-TMP during (NP (NP the first quarter) (PP of (NP 1990))))))))))) .)) (TOP (S (NP-SBJ (NP Freeport-McMoRan) , (NP the parent company) ,) (VP holds (NP (NP (QP roughly 80) %) (PP of (NP (NP the units) (ADJP outstanding))))) .)) (TOP (S (NP-SBJ (NP Nissan Motor Co.) , (NP (NP Japan 's) second-largest car maker) ,) (VP announced (NP-TMP Wednesday) (SBAR that (S (NP-SBJ (NP (NP the parent concern 's) pretax earnings) (PP-TMP in (NP (NP the first half) (VP ended (NP-TMP-CLR last Sept. 30))))) (VP rose (NP-EXT 14 %) (PP-DIR to (NP (NP (QP 88.32 billion) yen) (PRN -LRB- (NP (QP $ 618.1 million) *U*) -RRB-))) (PP-DIR from (NP (NP (QP 77.6 billion) yen) (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ Nissan) (VP cited (NP (NP strong domestic sales) (PP against (NP (NP the backdrop) (PP of (NP continuous economic expansion)))))) .)) (TOP (S (NP-SBJ Profit) (VP surged (NP-EXT 42 %) (PP-DIR-CLR to (NP (NP (QP 40.21 billion) yen) , or (NP (NP 16.09 yen) (NP-ADV a share)) ,)) (PP-DIR-CLR from (NP (NP (QP 28.36 billion) yen) , or (NP (NP 11.72 yen) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ-1 Sales) (VP totaled (NP (QP 1.916 trillion) yen) , (S-ADV (NP-SBJ *-1) (VP climbing (NP-EXT 17 %) (PP-DIR-CLR from (NP (NP (QP 1.637 trillion) yen) (PP-TMP in (NP the year-earlier period))))))) .)) (TOP (S (NP-SBJ Nissan) (VP scheduled (NP (NP a seven-yen interim dividend payment) , (ADJP unchanged))) .)) (TOP (S (NP-SBJ (NP Atsushi Muramatsu) , (NP (NP (NP executive vice president) and (NP chief financial officer)) (PP of (NP Nissan))) ,) (VP said , `` (S (NP-SBJ The company) (VP has (VP experienced (NP (NP a remarkable turnaround) (PP in (NP (NP terms) (PP of (NP profitability))))) (PP-TMP since (NP (NP (NP the fiscal year) (VP ending (NP-TMP-CLR March 1987))) , (SBAR (WHADVP-1 when) (S (NP-SBJ (NP the (ADJP sharp and rapid) appreciation) (PP of (NP the yen))) (VP caused (NP many difficulties) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP can (VP be (VP said (SBAR that (S (NP-SBJ (NP the trend) (PP of (NP financial improvement))) (VP has (VP been (ADVP-MNR firmly) (VP set))))))))) , '' (NP-SBJ he) (VP added (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Heritage Media Corp.) , (NP-LOC New York) ,) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP offered (S (NP-SBJ *-2) (VP to (VP buy (NP (NP the shares) (PP of (NP POP Radio Corp.)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP does n't (ADVP already) (VP own (NP *T*-1)))))) (PP-LOC in (NP a stock swap))))))))) .)) (TOP (S (NP-SBJ (NP Heritage) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP 51 %) (PP of (NP (NP (NP POP 's) (QP 3.6 million) shares) (ADJP outstanding))))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP exchange (NP (NP one share) (PP of (NP a new preferred stock))) (PP for (NP (NP each POP common share) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP does n't (ADVP already) (VP own (NP *T*-2)))))))))))) .)) (TOP (S (S-TPC-3 (S-ADV (NP-SBJ *) (VP Depending (PP upon (SBAR (WHNP-2 (WHADJP how many) warrants and options) (S (NP-SBJ-1 *T*-2) (VP are (VP exercised (NP *-1) (ADVP-TMP prior (PP to (NP (NP completion) (PP of (NP the transaction)))))))))))) , (NP-SBJ Heritage) (VP would (VP issue (NP (QP between 1.8 million and 2.35 million) preferred shares)))) , (NP-SBJ a Heritage spokesman) (VP estimated (SBAR 0 (S *T*-3))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) (NP-TMP yesterday) , (NP-SBJ POP) (VP plunged (NP-EXT $ 4 *U*) (PP-DIR to (NP $ 14.75 *U*))) .)) (TOP (S (NP-SBJ (NP The preferred stock) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP have (NP (NP a dividend rate) (PP of (NP (NP $ 1.76 *U*) (NP-ADV a year)))))))) ,) (VP would (VP be (ADJP-PRD convertible (PP into (NP Heritage common)) (PP at (NP (NP a rate) (PP of (NP (NP four common shares) (PP for (NP each preferred))))))))) .)) (TOP (S (NP-SBJ (ADJP New York-based) POP Radio) (VP provides , (PP through (NP a national , in-store network)) , (NP (NP a customized music , information and advertising service) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP simulates (NP live radio)))))) .)) (TOP (S (NP-SBJ Heritage) (VP owns and operates (NP (NP television and radio stations) and (NP in-store advertising and promotion programs))) .)) (TOP (S (NP-SBJ (NP GenCorp Inc.) , (VP hurt (NP *) (PP by (NP-LGS (NP a plant accident) and (NP other unexpected costs)))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (SBAR that (S (NP-SBJ (NP fiscal fourth-quarter profit) (PP from (NP continuing operations))) (VP will (VP be (PP-PRD (ADVP significantly) below (NP (NP last year 's) (QP $ 25 million) *U*))))))))))))) .)) (TOP (S (NP-SBJ The (ADJP Fairlawn , Ohio-based) company) (ADVP also) (VP said (SBAR that (S (NP-SBJ (NP full-year profit) (PP from (NP continuing operations))) (VP will (VP be (PP-PRD (ADVP far) below (NP (NP last year 's) (QP $ 148 million) *U*))))))) .)) (TOP (S (NP-SBJ (NP Last year 's) figures) (VP include (NP (NP a one-time loss) (PP of (NP (NP (QP $ 12 million) *U*) (PP for (NP (NP restructuring) and (NP unusual items))))))) .)) (TOP (S But (NP-SBJ the automotive parts and aerospace concern) (VP expects (SBAR that (S (NP-SBJ (NP net) (PP for (NP (NP the year) (VP ending (NP-TMP-CLR Nov. 30))))) (VP will (VP exceed (NP (NP (NP last fiscal year 's) net) (PP of (NP (NP (QP $ 70 million) *U*) , or (NP (NP $ 2.19 *U*) (NP-ADV a share))))) , (PP-PRP (ADVP primarily) because of (NP (NP (QP $ 200 million) *U*) (PP in (NP (NP gains) (PP from (NP (NP sales) (PP of (NP discontinued operations))))))))))))) .)) (TOP (S (NP-SBJ (NP Harry Millis) , (NP (NP an analyst) (PP-LOC at (NP (NP McDonald & Co.) (PP-LOC in (NP Cleveland))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP GenCorp 's) unanticipated losses) (VP come (PP-CLR (ADVP largely) from (NP (NP an accident) (PP-LOC at (NP (NP a government-owned assembly plant) (PP-LOC in (NP Kansas)) , (VP run (NP *) (PP by (NP-LGS a private subcontractor))) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (NP cluster bombs) (PP-CLR for (NP (NP GenCorp 's) Aerojet Ordnance business))))))))))))) .)) (TOP (S (NP-SBJ (NP Transamerica Corp.) , (NP-LOC San Francisco) ,) (VP said (SBAR 0 (S (NP-SBJ third-quarter profit) (VP was (ADJP-PRD essentially flat) (PP despite (NP (NP a large one-time gain) (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ The insurance and financial services concern) (VP said (SBAR 0 (S (NP-SBJ (NP profit) (PP for (NP the quarter))) (VP rose (NP-EXT 1.1 %) (PP-DIR to (NP (NP (QP $ 93.9 million) *U*) , or (NP (NP $ 1.19 *U*) (NP-ADV a share)))) , (PP compared (PP with (NP (NP (NP (QP $ 92.9 million) *U*) , or (NP (NP $ 1.18 *U*) (NP-ADV a share))) , (ADVP-TMP (NP the year) earlier)))))))) .)) (TOP (S (NP-SBJ The results) (VP reflected (NP (NP (NP a (ADJP 24 %) gain) (PP in (NP (NP income) (PP from (NP its finance businesses))))) , and (NP (NP a (ADJP 15 %) slide) (PP in (NP (NP income) (PP from (NP insurance operations))))))) .)) (TOP (S (NP-SBJ Transamerica) (VP said (SBAR 0 (S (NP-SBJ third-quarter investment gains) (VP were (NP-PRD (QP $ 10.2 million) *U*) , (PP compared (PP with (NP (NP (QP $ 6.4 million) *U*) (ADVP-TMP (NP the year) earlier)))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ insurance profit) (VP reflected (NP (NP a (ADJP (QP $ 6 million) *U*) loss) (PP from (NP Hurricane Hugo))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP estimated (SBAR that (S (NP-SBJ-1 (NP losses) (PP from (NP (NP the Oct. 17 earthquake) (PP-LOC in (NP California))))) (VP (VP would (VP be (ADJP-PRD (ADJP no more) (PP than (NP (QP $ 6 million) *U*))))) , and (VP would (VP be (VP included (NP *-1) (PP-LOC-CLR in (NP fourth-quarter results))))))))) .)) (TOP (S (NP-SBJ-1 (NP RMS International Inc.) , (NP-LOC (NP Hasbrouk Heights) , (NP N.J.))) , (S-ADV (NP-SBJ *-1) (VP facing (NP a cash-flow squeeze))) , (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP seeking (NP (NP other financing sources) and (NP (NP waivers) (PP from (NP debenture holders))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR that (S (PP-PRP because of (NP softening sales)) (NP-SBJ it) (VP is n't (PP-PRD in (NP (NP compliance) (PP with (NP requirements (SBAR that (S (NP-SBJ it) (VP maintain (NP (NP (QP $ 3 million) *U*) (PP in (NP working capital)))))))))))))) .)) (TOP (S (NP-SBJ RMS) (VP (VP distributes (NP electronic devices)) and (VP produces (NP (NP power supplies) and (NP plastic literature displays)))) .)) (TOP (S (NP-SBJ RMS) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (NP (NP a loss) (PP of (NP (NP $ 158,666 *U*) , or (NP (NP 10 cents) (NP-ADV a share)) ,))) (PP-TMP in (NP the third quarter)) , (PP compared (PP with (NP (NP a year-earlier loss) (PP of (NP (NP $ 26,956 *U*) , or (NP (NP two cents) (NP-ADV a share))))))))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (PP-DIR to (NP (QP $ 3 million) *U*)) (PP-DIR from (NP (QP $ 2.9 million) *U*))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ the company) (VP reported (NP (NP a net loss) (PP of (NP (NP $ 608,413 *U*) , or (NP (NP 39 cents) (NP-ADV a share)) ,))) (PP compared (PP with (NP (NP year-earlier net income) (PP of (NP (NP $ 967,809 *U*) , or (NP (NP 62 cents) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (PP-DIR to (NP (QP $ 9.8 million) *U*)) (PP-DIR from (NP (QP $ 8.9 million) *U*))) .)) (TOP (S (NP-SBJ Meridian National Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP sold (NP (NP 750,000 shares) (PP of (NP its common stock))) (PP-DTV to (NP the McAlpine family interests)) , (PP-CLR for (NP (NP (QP $ 1 million) *U*) , or (NP (NP $ 1.35 *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ The sale) (VP represents (NP (NP 10.2 %) (PP of (NP (NP (NP Meridian 's) shares) (ADJP outstanding))))) .)) (TOP (S (NP-SBJ (NP The McAlpine family) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP operates (NP (NP a number) (PP of (NP multinational companies)) , (PP including (NP a London-based engineering and construction company)))))) ,) (ADVP also) (VP lent (PP-DTV to (NP Meridian National)) (NP $ 500,000 *U*)) .)) (TOP (S (NP-SBJ That amount) (VP is (ADJP-PRD convertible (PP into (NP (NP shares) (PP of (NP Meridian common stock)))) (PP at (NP (NP $ 2 *U*) (NP-ADV a share)))) (PP-TMP during (NP its one-year term))) .)) (TOP (S (NP-SBJ-1 The loan) (VP may (VP be (VP extended (NP *-1) (PP by (NP-LGS the McAlpine group)) (PP-TMP for (NP an additional year)) (PP with (NP (NP an increase) (PP in (NP the conversion price)) (PP to (NP (NP $ 2.50 *U*) (NP-ADV a share)))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The sale) (PP of (NP shares)) (PP to (NP the McAlpine family)) (PP along (PP with (NP (NP (NP the recent sale) (PP of (NP (NP 750,000 shares) (PP of (NP Meridian stock)))) (PP to (NP (NP Haden MacLellan Holding PLC) (PP of (NP-LOC Surrey , England))))) and (NP a recent public offering))))) (VP have (VP increased (NP (NP Meridian 's) net worth) (PP-CLR to (NP (QP $ 8.5 million) *U*))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP William Feniger) , (NP (NP chief executive officer) (PP of (NP (ADJP Toledo , Ohio-based) Meridian)))) .)) (TOP (S (NP-SBJ (NP Ratners Group PLC) , (NP a fast-growing , acquisition-minded London-based jeweler) ,) (VP raised (NP (NP its price) (PP for (NP Seattle-based specialty jeweler (NP Weisfield 's) Inc.))) (PP-DIR to (NP (NP (NP $ 57.50 *U*) (NP-ADV a share)) , or (NP (QP $ 62.1 million) *U*) ,)) (PP-DIR from (NP (NP (NP $ 50 *U*) (NP-ADV a share)) , or (NP (QP $ 55 million) *U*) ,)) (SBAR-TMP after (S (NP-SBJ another concern) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP would (VP be (ADJP-PRD prepared (S (NP-SBJ *-1) (VP to (VP outbid (NP (NP Ratners 's) initial offer))))))))))))) .)) (TOP (S (NP-SBJ The other concern) (VP was n't (VP identified)) .)) (TOP (S (NP-SBJ (NP (NP Ratners 's) chairman) , (NP Gerald Ratner) ,) (VP said (SBAR 0 (S (NP-SBJ the deal) (VP remains (PP-CLR of `` (NP (NP substantial benefit) (PP to (NP Ratners)))))))) . '')) (TOP (S (PP-LOC In (NP London)) (PP-TMP at (NP mid-afternoon)) (NP-TMP yesterday) , (NP-SBJ (NP Ratners 's) shares) (VP were (ADVP-PRD up (NP (NP 2 pence) (PRN -LRB- (NP 1.26 cents) -RRB-))) , (PP-CLR at (NP (NP 260 pence) (PRN -LRB- (NP $ 1.64 *U*) -RRB-)))) .)) (TOP (S (S (NP-SBJ The sweetened offer) (VP has (NP (NP acceptances) (PP from (NP (NP (QP more than 50) %) (PP of (NP (NP Weisfield 's) shareholders))))))) , and (S (NP-SBJ-1 it) (VP is (VP scheduled (NP *-1) (PP-CLR for (NP (NP completion) (PP-TMP by (NP Dec. 10))))))) .)) (TOP (S (NP-SBJ (NP The acquisition) (PP of (NP 87-store (NP Weisfield 's)))) (VP raises (NP (NP Ratners 's) U.S. presence) (PP-CLR to (NP 450 stores))) .)) (TOP (S (NP-SBJ-1 (NP (QP About 30) %) (PP of (NP (NP Ratners 's) profit))) (ADVP already) (VP is (VP derived (NP *-1) (PP-CLR from (NP the U.S)))) .)) (TOP (S (NP-SBJ Carnival Cruise Lines Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 (NP potential problems) (PP with (NP (NP the construction) (PP of (NP (NP two big cruise ships) (PP from (NP Finland))))))) (VP have (VP been (VP averted (NP *-1))))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ Miami-based Carnival) (VP disclosed (SBAR that (S (NP-SBJ-2 (NP Waertsilae Marine Industries) , (NP (NP the Finnish shipyard) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (VP building (NP (NP Carnival 's) new cruise ships)))))) ,) (VP planned (S (NP-SBJ *-2) (VP to (VP file (PP-CLR for (NP bankruptcy))))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ Carnival) (VP said (SBAR 0 (S (NP-SBJ-2 (NP a new company) (SBAR *ICH*-1)) (VP has (VP been (VP formed (NP *-2) (PP-LOC in (NP Finland)) (SBAR-1 (WHNP-3 that) (S (NP-SBJ *T*-3) (VP will (VP carry (PRT on) (NP (NP Waertsilae 's) shipbuilding operations))))))))))) .)) (TOP (S (NP-SBJ Carnival) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP be (NP-PRD (NP an (ADJP 11 %) shareholder) (PP in (NP the new company)))))))) .)) (TOP (S (NP-SBJ Carnival) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the Fantasy) , (NP (NP a 2,050-passenger ship) (SBAR (WHNP-3 that) (S (NP-SBJ-4 *T*-3) (VP was (VP slated (S (NP-SBJ-2 *-4) (VP to (VP be (VP delivered (NP *-2) (NP-TMP this month)))))))))) ,) (VP will (VP be (VP delivered (NP *-1) (PP-TMP in (NP January)))))))) .)) (TOP (S (NP-SBJ-2 A second ship) (VP is (ADVP-TMP now) (VP expected (S (NP-SBJ-1 *-2) (VP to (VP be (VP delivered (NP *-1) (ADVP-TMP (NP-ADV late next year) or (ADVP early (PP in (NP 1991)))))))))) .)) (TOP (S (NP-SBJ Carnival) (VP had (VP expected (S (NP-SBJ-1 that ship) (VP to (VP be (VP delivered (NP *-1) (NP-TMP next fall))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 A planned third ship) (ADVP still) (VP (VP may (VP be (VP built (NP *-1) (PP-LOC in (NP the Finnish shipyard))))) , or (VP may (VP be (VP built (NP *-1) (ADVP-LOC elsewhere)))))) , (NP-SBJ Carnival) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Valley Federal Savings & Loan Association) (VP took (NP an (ADJP (QP $ 89.9 million) *U*) charge) (SBAR-TMP as (S (NP-SBJ it) (VP reported (NP (NP a third-quarter loss) (PP of (NP (NP (QP $ 70.7 million) *U*) , or (NP (NP $ 12.09 *U*) (NP-ADV a share))))))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Van Nuys , Calif. ,) thrift) (VP had (NP (NP net income) (PP of (NP (NP $ 132,000 *U*) , or (NP (NP three cents) (NP-ADV a share)) ,))) (ADVP-TMP (NP a year) ago)) .)) (TOP (S (NP-SBJ (NP The bulk) (PP of (NP the pretax charge))) (VP is (NP-PRD (NP a (ADJP (QP $ 62 million) *U*) write-off) (PP of (NP (NP capitalized servicing) (PP-LOC at (NP (NP the mobile home financing subsidiary) , (SBAR (WHNP-1 which) (S (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ *T*-1) (VP had (VP been (NP-PRD (NP a big drain) (PP on (NP earnings)))))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ the one-time provision) (VP would (ADVP substantially) (VP eliminate (NP (NP all future losses) (PP-LOC at (NP the unit)))))))) .)) (TOP (S (NP-SBJ Valley Federal) (ADVP also) (VP (VP added (NP (QP $ 18 million) *U*) (PP-CLR to (NP realestate loan reserves))) and (VP eliminated (NP (NP (QP $ 9.9 million) *U*) (PP of (NP good will))))) .)) (TOP (S (NP-SBJ The thrift) (VP said (SBAR that `` (S (UCP-ADV (PP-TMP after (NP these charges)) and (S-ADV (NP-SBJ *) (VP assuming (NP (NP no dramatic fluctuation) (PP-LOC in (NP interest rates)))))) , (NP-SBJ-1 the association) (VP expects (S (NP-SBJ *-1) (VP to (VP achieve (NP (ADJP near record) earnings) (PP-TMP in (NP 1990))))))))) . '')) (TOP (S (NP-SBJ-1 Valley Federal) (VP is (ADVP-TMP currently) (VP being (VP examined (NP *-1) (PP by (NP-LGS regulators))))) .)) (TOP (S (S (NP-SBJ-1 New loans) (VP continue (S (NP-SBJ *-1) (VP to (VP slow))))) ; (S (NP-SBJ they) (VP were (NP-PRD (QP $ 6.6 million) *U*) (PP-TMP in (NP the quarter)) (PP compared (PP with (NP (NP (QP $ 361.8 million) *U*) (ADVP-TMP (NP a year) ago)))))) .)) (TOP (S (NP-SBJ The thrift) (VP has (NP (NP assets) (PP of (NP (QP $ 3.2 billion) *U*)))) .)) (TOP (S (NP-SBJ (NAC First (PP of (NP America))) Bank Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP its acquisition) (PP of (NP Midwest Financial Group Inc.)) (PP for (NP (QP about $ 250 million) *U*))))))) .)) (TOP (S (NP-SBJ (NP First) (PP of (NP America)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP now) (VP has (NP (NP 45 banks) and (NP (NP (QP $ 12.5 billion) *U*) (PP in (NP assets))))))) ,) (VP announced (NP an agreement (S (NP-SBJ *) (VP to (VP acquire (NP the (NAC-LOC Peoria , Ill. ,) bank holding company))))) (PP-TMP in (NP January))) .)) (TOP (S (NP-SBJ Midwest Financial) (VP has (NP (NP (NP (QP $ 2.3 billion) *U*) (PP in (NP assets))) and (NP eight banks))) .)) (TOP (S (NP-SBJ-1 The Midwest Financial subsidiary banks) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP operate (PP-MNR under (NP their current names))))) (PP-TMP until (NP (NP early 1990) , (SBAR (WHADVP-2 when) (S (NP-SBJ each) (VP will (VP adopt (NP the (NAC First (PP of (NP America))) name) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ (NP (ADJP Kalamazoo , Mich.-based) First) (PP of (NP America))) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP eliminate (NP (NP the 13 management positions) (PP of (NP the former Midwest Financial parent company)))))))) .)) (TOP (S (NP-SBJ (NP First) (PP of (NP America))) (VP said (SBAR 0 (S (NP-SBJ (NP some) (PP of (NP the managers))) (VP will (VP take (NP (NP other jobs) (PP with (NP (NP First) (PP of (NP America)))))))))) .)) (TOP (S But (NP-SBJ it) (VP said (SBAR that (S (NP-SBJ (NP severance payments) (PP to (NP (NP those executives) (VP not staying (PP with (NP the company)))))) (VP will (VP reduce (NP (NP (NP (NP First) (PP of (NP America)) 's) operating results) (PP for (NP 1989))) (PP-EXT by (NP (QP $ 3 million) *U*)) (PP-DIR to (NP (NP (QP $ 4 million) *U*) , or (NP (NP (QP 15 cents to 20) cents) (NP-ADV a share))))))))) .)) (TOP (S (NP-SBJ (NP Coleco Industries Inc.) , (NP (NP a (ADJP once high-flying) toy maker) (SBAR (WHNP-2 whose stock) (S (NP-SBJ *T*-2) (VP peaked (PP-CLR at (NP (NP $ 65 *U*) (NP-ADV a share))) (PP-TMP in (NP the early 1980s)))))) ,) (VP filed (NP (NP a Chapter 11 reorganization plan) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP provides (NP (NP just 1.125 cents) (NP-ADV a share)) (PP-BNF for (NP common stockholders))))))) .)) (TOP (S (PP-LOC Under (NP the plan)) , (NP-SBJ (NP unsecured creditors) , (SBAR (WHNP-3 who) (S (NP-SBJ-1 *T*-3) (VP are (VP owed (NP *-1) (NP (QP about $ 430 million) *U*))))) ,) (VP would (VP receive (NP (NP (QP about $ 92 million) *U*) , or (NP (NP 21 cents) (PP for (NP (NP each dollar) (SBAR (WHNP-4 0) (S (NP-SBJ-2 they) (VP are (VP owed (NP *-2) (NP *T*-4))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ they) (VP will (VP receive (NP (NP stock) (PP in (NP (NP the reorganized company) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP named (S (NP-SBJ *-1) (NP-PRD Ranger Industries Inc)))))))))))) .)) (TOP (S (PP-TMP After (NP these payments)) , (NP-SBJ (QP about $ 225,000) *U*) (VP will (VP be (ADJP-PRD available (PP for (NP (NP the (QP 20 million) common shares) (ADJP outstanding)))))) .)) (TOP (S (S (NP-SBJ (NP The (NAC-LOC Avon , Conn. ,) company 's) stock) (VP hit (NP a high) (PP-TMP in (NP 1983)) (SBAR-TMP after (S (NP-SBJ it) (VP unveiled (NP its Adam home computer)))))) , but (S (S (NP-SBJ-1 the product) (VP was (VP plagued (NP *-1) (PP-CLR with (NP glitches))))) and (S (NP-SBJ (NP the company 's) fortunes) (VP plunged))) .)) (TOP (S But (NP-SBJ Coleco) (VP bounced (PRT back) (PP with (NP (NP the introduction) (PP of (NP (NP the Cabbage Patch dolls) , (SBAR (WHNP-1 whose sales) (S (NP-SBJ *T*-1) (VP hit (NP (QP $ 600 million) *U*) (PP-TMP in (NP 1985)))))))))) .)) (TOP (S But (SBAR-TMP as (S (NP-SBJ the craze) (VP died))) , (NP-SBJ-1 Coleco) (VP (VP failed (S (NP-SBJ *-1) (VP to (VP come (PRT up) (PP-CLR with (NP another winner)))))) and (VP filed (PP-CLR for (NP bankruptcy-law protection)) (PP-TMP in (NP July 1988)))) .)) (TOP (S (NP-SBJ-1 The plan) (VP (VP was (VP filed (NP *-1) (ADVP-MNR jointly) (PP-CLR with (NP unsecured creditors)) (PP-LOC in (NP (NP federal bankruptcy court) (PP-LOC in (NP New York)))))) and (VP must (VP be (VP approved (NP *-1) (PP by (NP-LGS the court)))))) .)) (TOP (S (NP-SBJ ORTEGA) (VP (VP ENDED (NP (NP a truce) (PP with (NP the Contras)))) and (VP said (SBAR 0 (S (NP-SBJ-1 elections) (VP were (VP threatened (NP *-1))))))) .)) (TOP (S (NP-SBJ-1 The Nicaraguan president) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP attacks) (PP by (NP the U.S.-backed rebels))))) , (VP (VP suspended (NP a 19-month-old cease-fire)) and (VP accused (NP Bush) (PP-CLR of `` (S-NOM (NP-SBJ *) (VP promoting (NP death)))))) . '')) (TOP (S (SBAR-ADV While (S (NP-SBJ he) (VP reaffirmed (NP (NP support) (PP for (NP (NP the country 's) Feb. 25 elections)))))) , (NP-SBJ Ortega) (VP indicated (SBAR that (S (NP-SBJ (NP renewed U.S. military aid) (PP to (NP the Contras))) (VP could (VP thwart (NP the balloting)))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 U.S. assistance) (VP should (VP be (VP used (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP demobilize (NP the rebels)))))))))) .)) (TOP (S (NP-SBJ A White House spokesman) (VP (VP condemned (NP the truce suspension) (PP-CLR as `` (ADJP deplorable) '')) but (VP brushed (PRT off) (NP (NP talk) (PP of (S-NOM (NP-SBJ *) (VP renewing (NP (NP military funding) (PP for (NP the insurgents))))))))) .)) (TOP (S (NP-SBJ The Contra military command) , (PP-LOC in (NP (NP a statement) (PP from (NP Honduras)))) , (VP said (SBAR 0 (S (NP-SBJ Sandinista troops) (VP had (VP launched (NP a major offensive) (PP-CLR against (NP the rebel forces))))))) .)) (TOP (S (NP-SBJ-1 (ADJP East German) leader Krenz) (VP called (S (NP-SBJ (NP the protests) (PP in (NP his country))) (NP-PRD a `` good sign)) , '' (S-ADV (NP-SBJ *-1) (VP saying (SBAR that (S (NP-SBJ (NP many) (PP of (NP (NP those) (VP marching (PP for (NP democratic freedoms)))))) (VP were (VP showing (NP (NP support) (PP for `` (NP (NP the renovation) (PP for (NP socialism)))))))))))) . '')) (TOP (S (NP-SBJ-1 The Communist Party chief) , (S-ADV (NP-SBJ *-1) (PP-PRD in (NP Moscow)) (PP-PRP for (NP (NP talks) (PP with (NP Soviet officials))))) , (ADVP also) (VP said (SBAR 0 (S (NP-SBJ East Germany) (VP would (VP follow (NP (NP Gorbachev 's) restructuring plans)))))) .)) (TOP (S (NP-SBJ (NP Thousands) (PP of (NP East Germans))) (VP fled (PP-DIR to (NP Czechoslovakia)) (SBAR-TMP after (S (NP-SBJ the East Berlin government) (VP lifted (NP travel restrictions))))) .)) (TOP (S (NP-SBJ-1 (NP The ban) (PP on (NP cross-border movement))) (VP was (VP imposed (NP *-1) (NP-TMP last month) (PP-TMP after (NP (NP a massive exodus) (PP of (NP emigres)) (PP-DIR to (NP West Germany)))))) .)) (TOP (S (ADVP Also) , (NP-SBJ a Communist official) (PP-TMP for (NP the first time)) (VP said (SBAR 0 (S (NP-SBJ (NP the future) (PP of (NP the Berlin Wall))) (VP could (VP be (ADJP-PRD open (PP to (NP discussion)))))))) .)) (TOP (S (NP-SBJ-1 Health officials) (VP plan (S (NP-SBJ *-1) (VP to (VP extend (NP (NP a moratorium) (PP on (NP (NP federal funding) (PP of (NP (NP research) (VP involving (NP fetal-tissue transplants))))))))))) .)) (TOP (S (NP-SBJ The assistant HHS secretary) (VP said (SBAR 0 (S (NP-SBJ-1 the ban) `` (VP should (VP be (VP continued (NP *-1) (ADVP-TMP indefinitely))))))) . '')) (TOP (S (SBAR-ADV While (S (NP-SBJ researchers) (VP believe (SBAR 0 (S (NP-SBJ-1 such transplants) (VP could (VP help (S (NP-SBJ *-1) (VP treat (NP (NP diseases) (PP like (NP Alzheimer 's)))))))))))) , (NP-SBJ anti-abortionists) (VP oppose (NP the research)) .)) (TOP (S (NP-SBJ-3 (NP Rep. Dingell) (PP of (NP-LOC Michigan))) (VP plans (S (NP-SBJ *-3) (VP to (VP unveil (NP-TMP today) (NP (NP a proposal) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP break (PP-CLR with (NP (NP Bush 's) clean-air bill)) (PP on (NP (NP the issue) (PP of (NP (NP emissions) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP lead (PP-CLR to (NP acid rain)))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The Democrat 's) proposal) (VP is (VP described (NP *-1) (PP by (NP-LGS government sources and lobbyists)) (PP-CLR as (ADJP (ADJP significantly weaker) (PP than (NP (NP the president 's) plan (S (NP-SBJ *) (VP to (VP cut (NP utility emissions)))))))))) .)) (TOP (S (NP-SBJ House-Senate conferees) (VP approved (NP (NP major portions) (PP of (NP (NP a package) (PP for (NP (NP (QP more than $ 500 million) *U*) (PP in (NP (NP economic aid) (PP for (NP Poland)))))))))) .)) (TOP (S (NP-SBJ The plan) (VP relies (ADVP-MNR heavily) (PP-CLR on (NP (NP (QP $ 240 million) *U*) (PP in (NP (NP credit and loan guarantees) (PP-TMP in (NP fiscal 1990)))))) (PP in (NP (NP hopes) (PP of (S-NOM (NP-SBJ *) (VP stimulating (NP future trade and investment))))))) .)) (TOP (S (NP-SBJ South Africa) (VP accused (NP (NP armed Namibian nationalist guerrillas) (PP of (S-NOM (NP-SBJ-1 *) (VP crossing (PP-DIR from (NP (NP bases) (PP-LOC in (NP neighboring Angola)))) , (S-ADV (NP-SBJ *-1) (VP violating (NP (NP U.N.-supervised peace plans) (PP for (NP (NP (NP the territory 's) independence) (PP from (NP Pretoria)))))))))))) .)) (TOP (S (NP-SBJ-1 South African troops) (VP were (VP placed (NP *-1) (PP-CLR on (NP alert)))) .)) (TOP (S (NP-SBJ Guerrilla leaders) (VP said (SBAR 0 (S (NP-SBJ-1 Pretoria) (VP was (VP attempting (S (NP-SBJ *-1) (VP to (VP sabotage (NP (NP (NP next week 's) elections) (PP-LOC in (NP Namibia))))))))))) .)) (TOP (S (S (NP-SBJ (NP Gunmen) (PP-LOC in (NP Lebanon))) (VP assassinated (NP a (ADJP Saudi Arabian) Embassy employee))) , and (S (NP-SBJ the pro-Iranian Islamic Jihad) (VP took (NP-CLR responsibility) (PP-CLR for (NP (NP the slaying) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP avenge (NP (NP the beheading) (PP of (NP 16 terrorists)) (PP by (NP (NP Riyadh 's) government)) (PP-TMP in (NP September))))))))))) .)) (TOP (S (ADVP Also) (PP-LOC in (NP Beirut)) , (NP-SBJ-1 a Moslem group) (VP vowed (S (NP-SBJ *-1) (VP to (VP kill (NP Americans) (SBAR-ADV if (S (NP-SBJ the U.S.) (VP implements (NP (NP a policy) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP seize (NP suspects) (ADVP-LOC abroad))))))))))))) .)) (TOP (S (NP-SBJ-1 Nixon) (VP (VP concluded (NP (NP five days) (PP of (NP (NP private talks) (PP with (NP Chinese leaders)) (PP-LOC in (NP Beijing)))))) , but (VP (ADVP apparently) failed (S (NP-SBJ *-1) (VP to (VP ease (NP (NP strains) (PP-LOC in (NP Sino-U.S. ties)) (VP caused (NP *) (PP by (NP-LGS (NP (NP China 's) crackdown) (PP against (NP pro-democracy protesters)) (PP-TMP in (NP June))))))))))) .)) (TOP (S (NP-SBJ (NP Beijing 's) rulers) (VP complained (PP to (NP the former president)) (PP about (NP (NP U.S. `` interference '') (PP-LOC in (NP (NP China 's) domestic affairs))))) .)) (TOP (S (NP-SBJ (NP Mexico 's) President Salinas) (VP said (SBAR 0 (S (S (NP-SBJ (NP the country 's) recession) (VP had (VP ended))) and (S (NP-SBJ the economy) (VP was (VP growing (ADVP again))))))) .)) (TOP (S (PP-LOC In (NP (NP his first state) (PP of (NP the nation address)))) , (NP-SBJ-1 Salinas) (VP (VP pledged (S (NP-SBJ *-1) (VP to (VP continue (NP (NP his program) (PP of (NP modernization))))))) and (VP warned (NP opposition politicians) (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP impeding (NP progress))) (VP could (VP cost (NP them) (NP popular support))))))) .)) (TOP (S (NP-SBJ-2 (NP Pakistan 's) Bhutto) (VP defeated (NP (NP the first no-confidence motion) (PP in (NP (NP the nation 's) 42-year history))) , (S-ADV (NP-SBJ *-2) (VP surviving (NP (NP the vote) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP have (VP brought (PRT down) (NP her 11-month-old government)))))))))) .)) (TOP (S (NP-SBJ (NP The prime minister 's) opponents) (VP claimed (SBAR 0 (S (NP-SBJ-1 (NP the balloting) , (ADJP (NP 12 votes) short (PP of (NP (NP a majority) (PP-LOC in (NP (NP Islamabad 's) 237-seat assembly))))) ,) (VP was (VP rigged (NP *-1)))))) .)) (TOP (S (NP-SBJ The White House) (VP said (SBAR 0 (S (NP-SBJ (NP the shipboard meetings) (NP-TMP next month) (PP between (NP (NP Bush) and (NP Soviet leader Gorbachev)))) (VP will (VP take (NP-CLR place) (PP-LOC in (NP (NP the waters) (PP-LOC off (NP Malta))))))))) .)) (TOP (S (NP-SBJ-4 The location) (VP was (VP disclosed (NP *-4) (SBAR-TMP as (S (NP-SBJ-1 the U.S.) (VP began (S (NP-SBJ *-1) (VP planning (NP (NP the issues) (SBAR (WHNP-2 0) (S (NP-SBJ-5 *T*-2) (VP to (VP be (VP discussed (NP *-5) (PP-LOC-CLR at (NP the Dec. 2-3 tete-a-tete))))))))))))))) .)) (TOP (S (NP-SBJ Bush) (VP unveiled (NP (NP a package) (PP of (NP (NP trade initiatives) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP help (S (NP-SBJ *-2) (VP establish `` (NP (NP economic alternatives) (PP to (NP drug trafficking))) '' (PP-LOC in (NP (NP the Andean nations) (PP of (NP South America)))))))))))))) .)) (TOP (S (NP-SBJ (NP The president 's) plan) (VP includes (NP a commitment (S (NP-SBJ-1 *) (VP to (VP help (S (NP-SBJ *-1) (VP negotiate (NP a new international coffee agreement)))))))) .)) (TOP (S (NP-SBJ Pan Am) (VP has (VP subpoenaed (NP (NP several government agencies) , (PP including (NP the CIA and FBI)) ,) (S-PRP (NP-SBJ *) (VP to (VP determine (SBAR whether (S (NP-SBJ-1 they) (VP were (VP warned (NP *-1) (SBAR that (S (NP-SBJ-2 a bomb) (VP had (VP been (VP planted (NP *-2) (PP-LOC aboard (NP (NP a jet) (SBAR (WHNP-3 that) (S (NP-SBJ-4 *T*-3) (VP exploded (PP-LOC over (NP Scotland)) (NP-TMP last December) , (S-ADV (NP-SBJ *-4) (VP killing (NP 270 people)))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The airline) (VP is (VP attempting (S (NP-SBJ *-1) (VP to (VP show (SBAR that (S (NP-SBJ (NP Israel) and (NP West Germany)) (VP warned (NP the U.S.) (PP-CLR about (NP the impending attack)))))))))) .)) (TOP (FRAG (VP Died) : (NP-SBJ (NP James A. Attwood) , (NP 62) , (NP (NP retired chairman and president) (PP of (NP (NP Mutual Life Insurance Co.) (PP-LOC of (NP New York)))))) , (NP-TMP Tuesday) , (PP-LOC in (NP New York City)) , (PP-MNR of (NP an acute anemic condition)) .)) (TOP (S (NP-SBJ Sony Corp.) (VP completed (NP (NP its tender offer) (PP for (NP Columbia Pictures Entertainment Inc.))) , (PP with (S-NOM (NP-SBJ Columbia shareholders) (VP tendering (NP (NP 99.3 %) (PP of (NP (NP all common shares) (ADJP outstanding)))) (PP-TMP by (NP the Tuesday deadline)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Sony Columbia Acquisition Corp.) , (VP formed (NP *) (PP-PRP for (NP the Columbia deal))) ,) (VP will (ADVP-MNR formally) (VP take (NP-CLR ownership) (PP-CLR of (NP the movie studio)) (NP-TMP later this month)))) , (NP-SBJ a spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Sony) (VP (VP is (VP paying (NP (NP (NP $ 27 *U*) (NP-ADV a share)) , or (NP (QP $ 3.55 billion) *U*)) , (NP-ADV cash))) and (VP is (VP assuming (NP (NP (QP $ 1.4 billion) *U*) (PP of (NP long-term debt)))))) .)) (TOP (SINV (ADJP-TPC-1 Still unresolved) (VP is (ADJP-PRD *T*-1)) (NP-SBJ (NP Sony 's) effort (S (NP-SBJ *) (VP to (VP hire (S (NP-SBJ producers (NX (NX Jon Peters) and (NX Peter Guber))) (VP to (VP run (NP the studio)))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Sony 's) planned acquisition) (PP of (NP Guber/Peters Entertainment Co.)) (PP for (NP (QP $ 200 million) *U*))) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP close (NP-TMP Monday)))))) .)) (TOP (S (NP-SBJ-1 Guber/Peters) (VP has (VP been (VP locked (NP *-1) (PP-CLR in (NP (NP litigation) (PP with (NP Warner Communications Inc.)))) (PP in (NP an attempt (S (NP-SBJ *) (VP to (VP get (ADVP out (PP of (NP (NP an exclusive production contract) (PP with (NP Warner))))))))))))) .)) (TOP (S (NP-SBJ Both sides) (VP are (PP-PRD in (NP (NP talks) (SBAR-PRP (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP settle (NP the dispute) (ADVP *T*-1)))))))) .)) (TOP (S (NP-SBJ Xerox Corp.) (VP has (VP told (NP (NP employees) (PP-LOC in (NP its Crum & Forster personal insurance operations))) (SBAR that (S (NP-SBJ it) (VP is (VP laying (PRT off) (NP (NP (QP about 300) people) , or (NP (NP 25 %) (PP of (NP the staff)))))))))) .)) (TOP (S (NP-SBJ (NP A spokeswoman) (PP for (NP Crum & Forster))) (VP said (SBAR 0 (S (NP-SBJ-1 employees) (VP were (VP told (NP *-1) (NP-TMP early this week) (SBAR that (S (NP-SBJ-3 (NP numerous staff functions) (PP for (NP the personal insurance lines))) (VP were (VP going (S (NP-SBJ-2 *-3) (VP to (VP be (VP centralized (NP *-2))))) (PP as (NP a cost-cutting move))))))))))) .)) (TOP (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ the move) (VP would (VP result (PP-CLR in (NP (NP a after-tax charge) (PP of (NP (QP less than $ 4 million) *U*)) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP spread (NP *-1) (PP-CLR over (NP the next three quarters)))))))))))))) .)) (TOP (S (PP By (NP comparison)) , (PP-TMP for (NP the first nine months)) , (NP-SBJ Xerox) (VP earned (NP (NP (QP $ 492 million) *U*) , or (NP (NP $ 4.55 *U*) (NP-ADV a share)) ,) (PP on (NP (NP revenue) (PP of (NP (QP $ 12.97 billion) *U*))))) .)) (TOP (S (S (NP-SBJ (NP Earnings) (PP-LOC at (NP (NP Xerox 's) financial-services operations))) (ADVP actually) (VP rose (ADVP-EXT slightly))) , but (S (NP-SBJ that) (VP was (SBAR-PRP-PRD (ADVP largely) because (S (NP-SBJ (NP capital gains) (PP-LOC at (NP Crum & Forster))) (VP offset (NP (NP Hurricane Hugo payments) and (NP (NP the reserves) (VP set (PRT up) (NP *) (S-PRP (NP-SBJ *) (VP to (VP cover (NP future payments)))))))))))) .)) (TOP (S (NP-SBJ Property/casualty insurance) (VP has (VP been (NP-PRD a tough business) (PP-TMP in (NP recent quarters)) , (SBAR-ADV as (S (S (NP-SBJ pricing) (VP has (VP been (ADJP-PRD cutthroat)))) and (S (NP-SBJ (NP natural disasters) (PP such as (NP (NP Hurricane Hugo) and (NP the California earthquake)))) (VP have (VP resulted (PP-CLR in (NP huge payments))))))))) .)) (TOP (S (NP-SBJ (NP Komatsu Ltd.) , (NP (NP a large integrated maker) (PP of (NP construction machinery))) ,) (VP posted (NP (NP a (ADJP 32 %) unconsolidated gain) (PP in (NP first-half pretax profit)))) .)) (TOP (S (PP-TMP For (NP (NP the period) (VP ended (NP-TMP-CLR Sept.30)))) , (NP-SBJ it) (VP earned (NP (NP (NP (QP 16.68 billion) yen) , (PRN -LRB- (NP (QP US$ 116.7 million) *U*) -RRB-)) (ADVP up (PP from (NP (NP (QP 12.68 billion) yen) (ADVP-TMP (NP the year) before)))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 11 %) (PP-DIR to (NP (QP 292.32 billion) yen)) (PP-DIR from (NP (QP 263.07 billion) yen))) .)) (TOP (S (NP-SBJ Net income) (VP surged (NP-EXT 31 %) (PP-DIR to (NP (QP 7.63 billion) yen)) (PP-DIR from (NP (QP 5.82 billion) yen))) .)) (TOP (S (NP-SBJ Per-share net) (VP rose (PP-DIR to (NP 7.84 yen)) (PP-DIR from (NP 6.53 yen))) .)) (TOP (S (NP-SBJ (NP Brisk domestic demand) (ADJP due (PP to (NP increasing capital investment)))) (VP pushed (ADVP-DIR up) (NP sales) (ADVP-MNR sharply) (PP-LOC in (NP (NP construction) and (NP industrial machinery divisions)))) .)) (TOP (S (NP-SBJ (NP Domestic sales) (PP of (NP (NP construction machinery) , (PP such as (NP (NP power shovels) and (NP bulldozers)))))) (VP rose (PP-DIR to (NP (QP 142.84 billion) yen)) (PP-DIR from (NP (QP 126.15 billion) yen))) .)) (TOP (S (S (NP-SBJ (NP Demand) (PP from (NP (NP Europe) and (NP Southeast Asia)))) (ADVP also) (VP grew)) , but (S (ADVP-PRP due (PP to (NP (NP increasing production) (PP-LOC at (NP local plants))))) , (NP-SBJ overseas sales) (VP edged (ADVP-DIR down (NP 2.8 %)))) .)) (TOP (S (S (NP-SBJ Komatsu) (VP predicted (SBAR that (S (PP for (NP (NP the fiscal year) (VP ending (NP-TMP-CLR March 31)))) (NP-SBJ sales) (VP will (VP climb (PP-DIR to (NP (QP 600 billion) yen)) (PP-DIR from (NP (QP 566.54 billion) yen)))))))) ; (S (NP-SBJ-1 pretax profit) (VP was (VP forecast (NP *-1) (PP-CLR at (NP (NP (QP 35 billion) yen) , (ADVP up (PP from (NP (NP (QP 28.53 billion) yen) (PP-TMP in (NP fiscal 1989)))))))))) .)) (TOP (S (NP-SBJ-1 Net) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP rise (PP-DIR to (NP (QP 17 billion) yen)) (PP-DIR from (NP (NP (QP 12.82 billion) yen) (ADVP-TMP (NP a year) earlier)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 ECONOMIC GROWTH) (VP APPEARS (S (NP-SBJ *-1) (VP to (VP be (VP leveling (PRT off))))))) , (NP-SBJ latest reports) (VP suggest (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Factory orders) and (NP construction outlays)) (VP were (ADJP-PRD largely flat) (PP-TMP in (NP September)) , (SBAR-ADV while (S (NP-SBJ purchasing agents) (VP said (SBAR 0 (S (NP-SBJ manufacturing) (VP shrank (ADVP further) (PP-TMP in (NP October))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ many economists) (VP are n't (VP predicting (NP (NP a recession) (ADVP-TMP anytime soon)))) .)) (TOP (S (NP-SBJ The Fed) (VP is (VP coming (PP-CLR under (NP pressure (S (NP-SBJ *) (VP to (VP cut (NP short-term interest rates)))))) (ADVP-PRP due (PP to (NP (NP the apparent slowing) (PP of (NP the economy))))))) .)) (TOP (S But (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is n't (ADJP-PRD clear) (ADVP yet) (SBAR-1 whether (S (NP-SBJ the central bank) (VP will (VP make (NP such a move)))))) .)) (TOP (S (NP-SBJ Campbell Soup) (VP (VP forced (PRT out) (NP (NP its president and chief executive) , (NP R. Gordon McGovern))) , (NP-ADV (NP the strongest indication (SBAR *ICH*-1)) (ADVP yet) (SBAR-1 that (S (NP-SBJ the Dorrance family) (VP plans (S (NP-SBJ *) (VP to (VP take (NP-CLR charge) (PP-CLR of (S-NOM (NP-SBJ *) (VP reshaping (NP the troubled food company)))))))))))) .)) (TOP (S (NP-SBJ (NP Campbell 's) stock) (VP rose (NP-EXT $ 3.375 *U*) , (PP-DIR to (NP $ 47.125 *U*)) , (PP-MNR in (NP reaction))) .)) (TOP (S (NP-SBJ The Chicago Merc) (VP plans (NP (NP an additional `` circuit breaker '') (SBAR-PRP (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP stem (NP (NP sharp drops) (PP-LOC in (NP the market))) (ADVP *T*-1))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ Big Board Chairman Phelan) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP support (NP (NP (NP SEC halts) (PP of (NP program trading)) (PP-TMP during (NP market crises))) but not (NP (NP any revival) (PP of (NP (NP a `` collar '') (PP on (NP trading))))))))))) .)) (TOP (S (NP-SBJ Georgia Gulf) (VP received (NP (NP a new takeover bid) (PP *ICH*-1)) (PP-CLR from (NP (NP investor Harold Simmons) and (NP NL Industries))) (PP-1 of (NP (NP (NP $ 50 *U*) (NP-ADV a share)) , or (NP (QP about $ 1.1 billion) *U*)))) .)) (TOP (S (NP-SBJ (NP The offer) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP follows (NP (NP a (ADJP $ 55-a-share *U*) bid) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP was (VP rejected (NP *-1) (PP-TMP in (NP September)))))))))) ,) (VP steps (PRT up) (NP (NP pressure) (PP on (NP the chemicals concern)))) .)) (TOP (S (NP-SBJ (NP The minimum-wage bill) (VP worked (PRT out) (NP *) (PP by (NP-LGS Congress and Bush)))) (VP won (NP easy approval) (PP-LOC in (NP the House))) .)) (TOP (S (NP-SBJ-2 (NP The compromise plan) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP boosts (NP the minimum wage) (PP-TMP for (NP (NP the first time) (PP since (NP 1981))))))) ,) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP clear (NP the Senate) (ADVP-TMP soon)))))) .)) (TOP (S (NP-SBJ-1 Steinberg) (VP sought (NP (NP clearance) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP buy (NP (NP (QP more than 15) %) (PP of (NP (NP United Air 's) parent))) (ADVP *T*-2)))))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ he) (VP may (VP seek (NP control)))))))) .)) (TOP (S (NP-SBJ Takeover experts) (VP said (SBAR 0 (S (NP-SBJ they) (VP doubted (SBAR 0 (S (NP-SBJ the financier) (VP would (VP make (NP a bid) (PP-MNR by (NP himself)))))))))) .)) (TOP (S (NP-SBJ-1 An airline buy-out bill) (VP was (VP approved (NP *-1) (PP by (NP-LGS the House)))) .)) (TOP (S (NP-SBJ The measure) (VP would (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD easier) (SBAR-1 for (S (NP-SBJ the Transportation Department) (VP to (VP block (NP (NP leveraged buy-outs) (PP-LOC in (NP the industry)))))))))) .)) (TOP (S (NP-SBJ-1 USX) (VP (VP was (VP cited (NP *-1) (PP by (NP-LGS OSHA)) (PP-CLR for (NP (NP several health and safety violations) (PP-LOC at (NP two Pennsylvania plants)))))) and (VP may (VP face (NP (NP a record fine) (PP of (NP (QP $ 7.3 million) *U*)))))) .)) (TOP (S (NP-SBJ Random House Chairman Robert Bernstein) (VP said (SBAR 0 (S (NP-SBJ he) (VP is (VP resigning (PP-CLR from (NP (NP the publishing house) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP has (VP run (NP *T*-1) (PP-TMP for (NP 23 years))))))))))))) .)) (TOP (S (NP-SBJ-1 A successor) (VP was n't (VP named (NP *-1))) .)) (TOP (S (NP-SBJ Cray Research) (VP indicated (SBAR that (S (NP-SBJ (NP the survival) (PP of (NP (NP a spinoff company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP developing (NP a new supercomputer))))) ,))) (VP depends (ADVP heavily) (PP-CLR on (NP (NP its chairman and chief designer) , (NP Seymour Cray))))))) .)) (TOP (S (NP-SBJ Light trucks and vans) (VP will (VP face (NP (NP the same safety requirements) (PP as (NP automobiles))) (PP under (NP (NP new proposals) (PP by (NP the Transportation Department)))))) .)) (TOP (S (NP-SBJ-1 The Treasury) (VP (VP plans (S (NP-SBJ *-1) (VP to (VP sell (NP (NP (QP $ 30 billion) *U*) (PP in (NP notes and bonds))) (NP-TMP next week))))) but (VP will (VP delay (NP the auction) (SBAR-ADV unless (S (NP-SBJ Congress) (ADVP-MNR quickly) (VP raises (NP the debt ceiling))))))) .)) (TOP (S (NP-SBJ (NP U.S. farmers ') net income) (VP rose (PP-DIR to (NP a record (QP $ 59.9 billion) *U*)) (NP-TMP last year) (PP despite (NP (NP one) (PP of (NP (NP the worst droughts) (ADVP-TMP ever)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Two antitrust agencies) (VP may (VP face (NP further cutbacks) (PP-PRP because of (NP a complicated new funding device))))) , (NP-SBJ (NP some Democrats) (PP-LOC in (NP Congress))) (VP are (VP warning (SBAR 0 (S *T*-1)))) .)) (TOP (NP (NP Markets) --)) (TOP (NP (NP Stocks) : (NP (NP Volume) (NP 154,240,000 shares)) .)) (TOP (NP (NP (NP Dow Jones industrials) (NP (NP 2645.90) , (ADVP up (NP 0.82)))) ; (NP (NP transportation) (NP (NP 1206.26) , (ADVP up (NP 1.25)))) ; (NP (NP utilities) (NP (NP 220.45) , (ADVP up (NP 1.26)))) .)) (TOP (NP (NP Bonds) : (NP (NP Shearson Lehman Hutton Treasury index) (NP (NP 3436.58) , (ADVP up))))) (TOP (NP (NP Commodities) : (NP (NP (NP Dow Jones futures index) (NP (NP 129.91) , (ADVP up (NP 0.28)))) ; (NP (NP spot index) (NP (NP 131.01) , (ADVP up (NP 1.17))))) .)) (TOP (NP (NP Dollar) : (NP (NP (NP 143.80 yen) , (ADVP up (NP 0.95))) ; (NP (NP 1.8500 marks) , (ADVP up (NP 0.0085)))) .)) (TOP (NP (NP Junk-bond markdowns) , (NP an ongoing Securities and Exchange Commission investigation) , (NP a Drexel Burnham Lambert connection) , (NP a fizzled buy-out rumor) .)) (TOP (S (NP-SBJ All this) (VP has (VP cast (NP a pall) (PP-CLR over (NP (NP Columbia Savings & Loan Association) and (NP (NP its high-rolling 43-year-old chairman) , (NP Thomas Spiegel) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP built (NP the (ADJP (QP $ 12.7 billion) *U*) (NAC-LOC Beverly Hills , Calif. ,) thrift) (PP-MNR with (NP high-yield junk bonds)))))))))) .)) (TOP (S (NP-SBJ Bears) (VP have (VP targeted (NP (NP Columbia 's) stock) (PP-PRP because of (NP (NP (NP the thrift 's) exposure) (PP to (NP the shaky junk market)))))) .)) (TOP (S (S And (NP-SBJ some investors) (VP fault (NP (NP Mr. Spiegel 's) life style))) ; (S (NP-SBJ he) (VP (VP earns (NP (NP millions) (PP of (NP dollars)) (NP-ADV a year))) and (VP flies (ADVP-DIR around) (PP-LOC in (NP (NP Columbia 's) jet planes))))) .)) (TOP (S (NP-SBJ Columbia stock) (ADVP-TMP recently) (VP hit (NP 4 1) , (PP-TMP after (S-NOM (NP-SBJ *) (VP reaching (NP 11 3) (NP-TMP earlier this year) (PP on (NP rumors (SBAR that (S (NP-SBJ Mr. Spiegel) (VP would (VP take (S (NP-SBJ the thrift) (ADJP-PRD private)))))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ junk professionals) (VP think (S (NP-SBJ (NP (NP Columbia 's) huge third-quarter markdown) (PP of (NP its junk portfolio)) (PP to (NP (QP $ 4.4 billion) *U*))) (VP was n't (ADJP-PRD enough))) , (S-ADV (NP-SBJ *) (VP meaning (SBAR 0 (S (NP-SBJ another markdown) (VP could (VP be (VP coming)))))))) .)) (TOP (S But (PP-TMP in (NP recent days)) , (NP-SBJ-1 Columbia) (VP has (VP edged (ADVP-DIR up) , (S-ADV (NP-SBJ *-1) (VP closing (PP-LOC at (NP 5 1)) , (ADVP up (NP 3)) , (NP-TMP yesterday) (PP on (NP revived speculation (SBAR that (S (NP-SBJ the thrift) (VP might (VP restructure)))))))))) .)) (TOP (S (S (NP-SBJ (NP Mr. Spiegel 's) fans) (VP say (SBAR 0 (S (NP-SBJ (NP Columbia 's) Southern California branches) (VP are (ADJP-PRD highly salable)))))) , and (S (NP-SBJ the thrift) (VP has (S (NP-SBJ (NP (QP $ 458 million) *U*) (PP of (NP shareholders equity))) (VP underlying (NP its assets))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP (QP almost $ 10) *U*) (PP of (NP equity)) (PP for (NP (NP each Columbia share) , (PP including (NP convertible preferred shares))))) , (SBAR-ADV though (S (NP-SBJ more junk markdowns) (VP would (VP reduce (NP the cushion)))))) .)) (TOP (S (NP-SBJ Columbia) (VP has (NP (NP only (QP about 10 million) common shares) (PP-LOC in (NP public hands)))) .)) (TOP (S (NP-SBJ The Spiegel family) (VP has (NP (NP (NP 25 %) (PP of (NP the common))) and (NP (NP 75 %) (PP of (NP the votes))))) .)) (TOP (S (NP-SBJ Other big common holders) (VP are (NP-PRD (NP (NP Carl Lindner 's) American Financial) , (NP investor Irwin Jacobs) and (NP Pacific Financial Research)) , (SBAR-ADV though (S (NP-SBJ the latter) (VP cut (NP its stake) (NP-TMP this summer))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ many problems) (VP would (VP attend (NP (NP a restructuring) (PP of (NP Columbia))))))) , (NP-SBJ investors) (VP say (SBAR 0 (S (NP-SBJ Mr. Spiegel) (VP is (VP mulling (NP (NP such a plan) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP mitigate (NP (NP Columbia 's) junk problems) (ADVP-MNR *T*-1))))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ Columbia executives) (ADVP-TMP recently) (VP told (NP reporters) (SBAR 0 (S (NP-SBJ they) (VP were (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *) (VP creating (NP (NP a separate unit) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP (VP hold (NP (NP Columbia 's) junk bonds)) and (ADVP perhaps) (VP do (NP merchant banking))))))))))))))) .)) (TOP (S (NP-SBJ Columbia) (VP wo n't (VP comment (PP-CLR on (NP all the speculation)))) .)) (TOP (S But (PP like (NP other thrifts)) , (NP-SBJ-1 it) (VP 's (VP expected (S (NP-SBJ *-1) (VP to (VP seek (NP (NP regulators ') consent (S (NP-SBJ *) (VP to (VP create (NP a distinct junk-bond entity)))))))))) .)) (TOP (S (NP-SBJ Plans (S (NP-SBJ *) (VP to (VP do (NP this))))) (VP are (ADJP-PRD due (S (NP-SBJ-1 *) (VP to (VP be (VP filed (NP *-1) (PP-TMP in (NP a week or so)))))))) .)) (TOP (S (NP-SBJ New rules) (VP force (S (NP-SBJ thrifts) (VP to (VP (VP write (PRT down) (NP their junk) (PP-CLR to (NP market value))) , then (VP sell (NP the bonds) (PP-TMP over (NP five years))))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRD (WHADVP-1 why) (S (NP-SBJ Columbia) (ADVP just) (VP (VP wrote (PRT off) (NP (NP (QP $ 130 million) *U*) (PP of (NP its junk)))) and (VP reserved (NP (QP $ 227 million) *U*) (PP-CLR for (NP future junk losses))) (ADVP-PRP *T*-1))))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ Columbia) (VP could (VP keep (S (NP-SBJ its junk bonds) (ADJP-PRD separate (PP from (NP the thrift)))) (SBAR-TMP till (S (NP-SBJ they) (VP mature (PRN -- (PP at (NP full value)) , (SBAR-ADV unless (S (NP-SBJ the issuer) (VP (VP goes (NP-CLR bust)) or (VP restructures)))) --)))))))) (NP-SBJ the junk portfolio) (VP might (VP do (ADVP all right))) .)) (TOP (S (NP-SBJ (NP Columbia) , (NP a longtime Drexel client) ,) (VP wo n't (VP provide (NP (NP current data) (PP on (NP its junk))))) .)) (TOP (S But (NP-SBJ its 17 big junk holdings) (PP-TMP at (NP year end)) (VP showed (NP (NP only a few bonds) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP have (VP been (VP (ADVP really) battered (NP *-2)))))))) .)) (TOP (S (NP-SBJ These) (VP were (NP-PRD (NP Allied Stores) , (NP Western Union Telegraph) , (NP Gillett Holdings) , (NP SCI Television) and (NP Texas Air)) , (SBAR-ADV though (S (NP-SBJ (NP many other bonds) (PP-LOC in (NP (NP Columbia 's) portfolio))) (ADVP also) (VP have (VP lost (NP value)))))) .)) (TOP (S (S-ADV (NP-SBJ *) (ADVP Possibly) (VP offsetting (NP that))) , (NP-SBJ Columbia) (ADVP-TMP recently) (VP estimated (SBAR 0 (S (NP-SBJ it) (VP has (NP (NP unrealized gains) (PP on (NP (ADJP publicly traded) equity investments)) (PP of (NP (QP more than $ 70 million) *U*))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP hopes (PP for (NP (NP ultimate gains) (PP of (NP (QP as much as $ 300 million) *U*)) (PP on (NP (NP equity investments) (PP in (NP buy-outs and restructurings))))))) .)) (TOP (FRAG (NP (NP One trial balloon) (SBAR (WHNP-3 0) (S (NP-SBJ-4 Mr. Spiegel) (VP is (VP said (S (NP-SBJ *-4) (VP to (VP have (VP floated (NP *T*-3) (PP-CLR to (NP investors))))))))))) : (S (NP-SBJ-1 Columbia) (VP might (VP be (VP broken (PRT up) (NP *-1) , (SBAR-MNR as (S (NP-SBJ-2 Mellon Bank) (VP was (VP split (NP *-2) (PP-CLR into (NP (NP a good bank) and (NP a bad bank))))))))))) .)) (TOP (S But (NP-SBJ (NP Columbia 's) good bank) (VP would (VP be (NP-PRD a regulated thrift) , (SBAR-ADV while (S (NP-SBJ the bad bank) (VP would (VP be (NP-PRD (NP a private investment company) , (VP holding (NP (NP some) (PP of (NP (NP Columbia 's) (NX (NX junk bonds) , (NX real estate) and (NX equity investments))))))))))))) .)) (TOP (S (NP-SBJ Some) (VP think (SBAR 0 (S (NP-SBJ-3 (NP (NP Columbia 's) thrift) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP now) (VP is (VP seeking (NP a new chief operating officer))))) ,) (VP might (VP be (VP (VP capitalized (NP *-3) (PP-CLR at (PRN , (INTJ say)) (NP (QP $ 300 million) *U*))) , and (VP shopped (NP *-3) (PP-CLR to (NP (NP a commercial bank) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP wants (NP a California presence))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The thrift) (ADVP surely) (VP could (VP be (VP sold (NP *-1) (PP-CLR for (NP (NP more) (PP than (NP (NP the value) (PP of (NP its equity)))))))))) , (NP-SBJ financial industry executives) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-3 (ADVP Meanwhile) , (NP-SBJ-1 (NP the bad bank) (PP with (NP (NP the junk bonds) -- and (NP some capital) --))) (VP might (VP be (VP spun (PRT off) (NP *-1) (PP-CLR to (NP (NP Columbia shareholders) , (PP including (NP Mr. Spiegel)) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP might (ADVP-TMP then) (VP have (NP a new career))))))))))) , (NP-SBJ investors) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is n't (ADJP-PRD clear) (SBAR-1 (WHADVP-2 how much) (S (NP-SBJ a restructuring) (VP would (VP help (NP Columbia stockholders) (ADVP *T*-2)))))) .)) (TOP (S But `` (NP-SBJ the concept) (VP is (ADJP-PRD workable)) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 You) (VP (VP sell (NP the good bank) (PP-CLR as (NP an ongoing operation))) and (VP use (NP (NP some) (PP of (NP the proceeds))) (S-CLR (NP-SBJ *-1) (VP to (VP capitalize (NP the bad bank))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP thrift specialist Lewis Ranieri) (PP of (NP (NP Ranieri Associates) (PP-LOC in (NP New York))))) .)) (TOP (S (NP-SBJ (NP Mr. Spiegel 's) next career move) (VP is (NP-PRD (NP a subject) (PP of (NP speculation))) (PP-LOC on (NP Wall Street))) .)) (TOP (S (NP-SBJ Few people) (VP think (SBAR 0 (S (NP-SBJ-1 Mr. Spiegel) (VP wants (S (NP-SBJ *-1) (VP to (VP run (NP (NP a bread-and-butter thrift) , (SBAR (WHNP-2 which) (S (NP-SBJ current rules) (VP would (VP force (S (NP-SBJ Columbia) (VP to (VP become (NP-PRD *T*-2)))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ They) (VP are n't (ADVP really) (NP-PRD a thrift))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Jonathan Gray) , (NP a Sanford C. Bernstein analyst)) .)) (TOP (S (PP Of (NP course)) , (NP-SBJ-1 regulators) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP approve (NP (NP Columbia 's) reorganization)))))) .)) (TOP (S And (NP-SBJ some investment bankers) (VP say (SBAR 0 (S (NP-SBJ a restructuring) (VP is n't (ADJP-PRD feasible) (SBAR-TMP while (S (NP-SBJ the SEC) (ADVP still) (VP is (VP scrutinizing (NP (NP Mr. Spiegel 's) past junk-bond trades))))))))) .)) (TOP (S (NP-SBJ (NP Pauline Yoshihashi) (PP-LOC in (NP Los Angeles))) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (NP (NP Columbia Savings & Loan) (PRN -LRB- (NP NYSE) ; (NP (NP Symbol) : (NP CSV)) -RRB-))) (TOP (NP (NP Business) : (NP Savings and loan))) (TOP (NP (NP-TMP (NP Year) (VP ended (NP-TMP-CLR Dec. 31 , 1988))) : (NP (NP Net income) : (NP (NP (QP $ 65 million) *U*) ; or (NP (NP $ 1.49 *U*) (NP-ADV a share)))))) (TOP (NP (NP-TMP (NP Third quarter) , (NP Sept. 30 , 1989)) : (NP (NP (NP Net loss) : (NP (NP $ 11.57 *U*) (NP-ADV a share))) (PP vs. (NP (NP net income) : (NP (NP 37 cents) (NP-ADV a share))))))) (TOP (NP (NP Average daily trading volume) : (NP 83,206 shares))) (TOP (NP (NP (NP Common shares) (ADJP outstanding)) : (NP 19.6 million))) (TOP (NP (NP Note) : (S (NP-SBJ All per-share figures) (VP are (ADJP-PRD fully diluted))) .)) (TOP (S (NP-SBJ (NP Genetics Institute Inc.) , (NP-LOC Cambridge , Mass.) ,) (VP said (SBAR 0 (S (NP-SBJ-4 it) (VP was (VP awarded (NP *-4) (NP U.S. patents) (PP-CLR for (NP (NP Interleukin-3) and (NP bone morphogenetic protein)))))))) .)) (TOP (S (NP-SBJ (NP The patent) (PP for (NP Interleukin-3))) (VP covers (NP (NP materials and methods) (VP used (NP *) (S-CLR (NP-SBJ *) (VP to (VP make (NP the human blood cell growth factor) (PP-MNR via (NP recombinant DNA technology)))))))) .)) (TOP (S (NP-SBJ Sandoz Ltd.) (VP (VP has (VP licensed (NP (NP certain manufacturing and marketing rights) (PP for (NP Interleukin-3))) (PP-CLR from (NP Genetics Institute)))) and (VP is (VP conducting (NP preclinical studies) (PP-MNR with (NP it))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Interleukin-3) (VP may (VP help (PP in (S-NOM (NP-SBJ *) (VP treating (NP (NP blood cell deficiencies) (VP associated (NP *) (PP-CLR with (NP (NP cancer treatment) , (NP bone marrow transplants) and (NP other blood-cell disorders))))))))))) , (NP-SBJ Genetics Institute) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The second patent) (VP describes (NP (NP bone morphogenetic protein-1) , (NP (NP a substance) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP can (VP induce (NP (NP formation) (PP of (NP new cartilage)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The patent) (VP covers (NP (NP BMP-1 type proteins) and (NP (NP pharmaceutical compositions and methods) (PP for (S-NOM (NP-SBJ *) (VP treating (NP bone or cartilage defects)))))))) , (NP-SBJ Genetics Institute) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ The company) (VP added (SBAR that (S (NP-SBJ it) (VP has (VP filed (NP patent applications) `` (PP-CLR on (NP (NP a large number) (PP of (NP different BMP proteins)))) '')))))) and (S (NP-SBJ (NP the patent) (PP on (NP BMP-1))) (VP is (NP-PRD (NP the first) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP has (VP received (NP *T*-1)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ BMP products) (VP may (VP be (ADJP-PRD useful) (PP (PP in (NP fracture healing)) and (PP in (S-NOM (NP-SBJ *) (VP treating (NP (NP bone loss) (VP associated (NP *) (PP-CLR with (NP (NP periodontal disease) and (NP certain cancers)))))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP (NP The Bush administration 's) nomination) (PP of (NP Clarence Thomas)) (PP to (NP (NP a seat) (PP on (NP (NP the federal appeals court) (ADVP-LOC here)))))) (VP received (NP a blow) (NP-TMP this week) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the American Bar Association) (VP gave (NP Mr. Thomas) (NP (NP only a `` qualified '' rating) , (PP rather than (ADJP `` well qualified))) (ADVP-TMP *T*-1))))) . '')) (TOP (S (NP-SBJ (NP People) (ADJP familiar (PP with (NP (NP the Senate Judiciary Committee) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP vote (PP-CLR on (NP the nomination)))))) ,)))) (VP said (SBAR 0 (S (NP-SBJ-2 (NP some liberal members) (PP of (NP the panel))) (VP are (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP question (NP the ABA rating) (PP in (NP (NP hearings) (PP on (NP the matter)))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Thomas) , (NP (NP currently chairman) (PP of (NP the Equal Employment Opportunity Commission))) ,) (VP would (VP add (NP another conservative voice) (PP-CLR to (NP the (ADJP closely divided) court)))) .)) (TOP (S (NP-SBJ Groups) (VP have (VP accused (NP (NP him) (PP (PP of (S-NOM (NP-SBJ *) (VP advocating (NP (NP policies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP narrowed (NP (NP rights) (PP of (NP older workers)))))))))) and (PP of (S-NOM (NP-SBJ *) (VP ignoring (NP (NP discrimination) (PP by (NP large companies)))))))))) .)) (TOP (S (NP-SBJ (NP Fourteen members) (PP of (NP the House)) (PP with (NP (NP jurisdiction) (PP over (NP the EEOC))))) (VP have (VP said (SBAR 0 (S (NP-SBJ they) (VP oppose (NP (NP Mr. Thomas 's) nomination) (PP-PRP because of `` (NP (NP serious questions) (PP about (NP his (NX (NX judgment) -LCB- and -RCB- (NX respect (PP for (NP the law))))))))))))) . '')) (TOP (S (NP-SBJ A senior Justice Department official) , (ADVP however) , (VP said (SBAR 0 (S (NP-SBJ the administration) (VP is n't (VP worried (PP-CLR about (NP the ABA rating))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP 're (ADJP-PRD pleased (SBAR 0 (S (NP-SBJ the ABA) (VP rated (S (NP-SBJ him) (ADJP-PRD qualified)))))))) , '' (NP-SBJ (NP David Runkel) , (NP (NP the department 's) chief spokesman) ,) (VP said (S *T*-1) (PP-LOC in (NP an interview))) .)) (TOP (S (NP-SBJ The ABA) (VP gives (NP a `` (ADJP qualified) '' rating) (PP-DTV to (NP (NP nominees) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP believes (SBAR 0 (S (NP-SBJ *T*-1) (VP would (VP perform `` (ADVP-MNR satisfactorily) '' (PP-LOC on (NP the bench)))))))))))) .)) (TOP (S (PP In (NP contrast)) , (NP-SBJ (NP the lawyers ') association) (VP gives (NP a `` (ADJP well qualified) '' rating) (PP-DTV to (NP (NP those) `` (VP regarded (NP *) (PP-CLR as (NP (NP one) (PP of (NP (NP the best) (ADJP available (PP for (NP the vacancy))))))))))) .)) (TOP (S (NP-SBJ Metallgesellschaft AG) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP 51 %) (PP of (NP Lentjes AG))) (PP-CLR from (NP the Ferdinand Lentjes Foundation))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ (NP Metallgesellschaft) , (NP a diversified (ADJP Frankfurt , West Germany-based) metals group) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP is (VP buying (NP (NP the stake) (PP in (NP the specialized engineering company))) (S-PRP (NP-SBJ *-1) (VP to (VP expand (NP (NP its production) (PP of (NP (NP environmental supplies) (PP for (NP power plants))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Lentjes ') product mix) (PP of (NP specialized boilers and pipes))) (VP provides (NP (NP a good fit) (PP with (NP its own Lurgi G.m.b . H. plant engineering unit))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (NP-SBJ The move) (VP is (NP-PRD (NP part) (PP of (NP (NP a strategy) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP focus (PP-CLR on (NP its core metals trading , processing and plant engineering activities)) (SBAR-TMP while (S (NP-SBJ *-1) (VP shedding (NP peripheral units))))))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Lentjes) (VP (VP had (NP (NP 1988 sales) (PP of (NP (NP (QP 800 million) marks) (PRN -LRB- (NP (QP $ 434.4 million) *U*) -RRB-))))) and (VP has (NP (NP a current order backlog) (PP of (NP (QP 2.5 billion) marks))))) .)) (TOP (S (NP-SBJ The sale) (VP comes (PP in (NP (NP place) (PP of (NP (NP a planned initial public offering) (PP of (NP Lentjes stock))))))) .)) (TOP (S (NP-SBJ-1 A plan (S (NP-SBJ *) (VP to (VP bring (NP the stock) (PP-DIR to (NP market)) (PP-TMP before (NP year end)))))) (ADVP apparently) (VP was (VP upset (NP *-1) (PP by (NP-LGS (NP the recent weakness) (PP of (NP Frankfurt share prices)))))) .)) (TOP (S (NP-SBJ The U.S. International Trade Commission) (VP issued (NP (NP preliminary rulings) (PP under (NP the U.S. anti-dumping act)) (SBAR that (S (NP-SBJ (NP imports) (PP of (NP sweaters)) (PP from (NP (NP Hong Kong) , (NP Taiwan) and (NP South Korea)))) (VP may (VP be (VP injuring (NP a domestic industry)))))))) .)) (TOP (S (PP-PRP Because of (NP the rulings)) , (NP-SBJ-1 the Commerce Department) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP investigate (NP (NP complaints (SBAR *ICH*-2)) (PP by (NP U.S. sweater makers)) (SBAR-2 that (S (NP-SBJ the imports) (VP are (VP reaching (NP the U.S.) (PP at (NP unfairly low prices)) (PP in (NP (NP violation) (PP of (NP the U.S. anti-dumping act)))))))))))))) .)) (TOP (S (NP-SBJ The law) (VP defines (NP unfairly low prices) (PP-CLR as (NP (NP ones) (PP (PP below (NP (NP the cost) (PP of (NP production)))) or (PP below (NP (NP prices) (PP in (NP (NP an exporter 's) home market)))))))) .)) (TOP (S (NP-SBJ ITC officials) (VP said (SBAR 0 (S (NP-SBJ final Commerce Department and ITC rulings) (VP wo n't (VP come (PP-TMP until (UCP (NP next March) or (ADVP later)))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ both agencies) (VP find (NP (NP violations) (PP of (NP the U.S. trade law)))))) , (NP-SBJ the U.S.) (VP would (VP assess (NP penalty duties) (PP-CLR on (NP (NP the imports) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP already) (VP are (ADJP-PRD subject (PP to (NP import quotas))) (PP under (NP bilateral textile and apparel trade agreements))))))))) .)) (TOP (S (NP-SBJ (NP Imports) (PP of (NP manmade-fiber sweaters)) (PP-TMP in (NP 1988))) (VP totaled (NP (NP (NP (QP about $ 405 million) *U*) (PP-DIR from (NP Taiwan))) , (NP (NP (QP $ 400 million) *U*) (PP-DIR from (NP South Korea))) and (NP (NP (QP $ 125 million) *U*) (PP-DIR from (NP Hong Kong)))) , (PP according (PP to (NP the ITC)))) .)) (TOP (S (PP-LOC In (NP another action)) , (NP-SBJ the ITC) (VP dismissed (NP (NP anti-dumping act complaints) (VP filed (NP *) (PP by (NP-LGS (NP Du Pont Co.) (PP of (NP-LOC Wilmington , Del. ,)))) (PP against (NP (NP imports) (PP of (NP (NP neoprene) , (NP (NP a type) (PP of (NP synthetic rubber))))) , (PP-DIR from (NP (NP France) and (NP West Germany)))))))) .)) (TOP (S (NP-SBJ These imports) (VP totaled (NP (QP about $ 17 million) *U*) (NP-TMP last year)) .)) (TOP (S (NP-SBJ Upjohn Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP offer (NP an early retirement package) (PP-DTV to (NP (QP as many as 1,100) employees)) (PP in (NP (NP a cost-cutting move) (VP expected (S (NP-SBJ *) (VP to (VP result (PP-CLR in (NP a fourth-quarter charge))))))))))))) .)) (TOP (S (NP-SBJ Upjohn officials) (VP said (SBAR 0 (S (NP-SBJ they) (VP could n't (VP estimate (NP (NP the size) (PP of (NP the charge))) (SBAR-TMP until (S (NP-SBJ they) (VP determine (SBAR (WHNP-1 (WHNP which employees) (PRN , and (WHNP how many) ,)) (S (NP-SBJ *T*-1) (VP will (VP participate (PP-CLR in (NP the retirement plan)))))))))))))) .)) (TOP (S But (NP-SBJ the pharmaceutical company) (VP said (SBAR 0 (S (NP-SBJ it) `` (VP anticipates (SBAR 0 (S (NP-SBJ (NP the long-term savings) (VP resulting (PP-CLR from (NP (NP the plan 's) implementation)))) (VP will (VP (ADVP more than) offset (NP short-term costs))))))))) . '')) (TOP (S (NP-SBJ (NP The program) , (ADJP available (PP to (NP (NP Upjohn employees) (ADJP (ADJP (NP 55 years) old) or (ADJP older))))) ,) (VP could (VP increase (NP (NP an individual 's) retirement benefits) (NP-ADV (QP 10 % to 20 %) *U*))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Upjohn) (VP is (VP offering (NP (NP a one-time retirement bonus) (ADJP equal (PP to (NP (NP six months) (PP of (NP base pay)))))))) .)) (TOP (S (NP-SBJ Chairman Theodore Cooper) (VP called (S (NP-SBJ the program) (NP-PRD (NP part) (PP of (NP (NP (NP the company 's) two-year strategy) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP implement (NP (NP budget constraints) and `` (NP an effective headcount-control program)) (ADVP *T*-1)))))))))) . '')) (TOP (S But (NP-SBJ some analysts) (VP questioned (SBAR (WHNP-1 (WHNP how much) (PP of (NP an impact))) (S (NP-SBJ the retirement package) (VP will (VP have (NP *T*-1))))) , (SBAR-PRP because (S (NP-SBJ-2 few jobs) (VP will (VP end (PRT up) (S (NP-SBJ-3 *-2) (VP being (VP eliminated (NP *-3))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD a cosmetic move))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Jonathan S. Gelles) (PP of (NP Wertheim Schroder & Co))) .)) (TOP (S (PP According (PP to (NP (NP Upjohn 's) estimates))) , (NP-SBJ only (NP (NP (QP 50 % to 60 %) *U*) (PP of (NP the 1,100 eligible employees)))) (VP will (VP take (NP-CLR advantage) (PP-CLR of (NP the plan)))) .)) (TOP (S (NP-SBJ Upjohn) (ADVP further) (VP estimated (SBAR that (S (NP-SBJ-1 (NP (QP about 50) %) (PP of (NP (NP the employees) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP leave (PP-PRP for (NP early retirement)))))))) (VP may (VP be (VP replaced (NP *-1))))))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ Upjohn) (VP will (ADVP likely) (VP trim (NP (NP (QP only about 275 to 350)) (PP of (NP its (QP more than 21,000) jobs))) (ADVP-LOC world-wide))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) (NP-TMP yesterday) , (NP-SBJ Upjohn shares) (VP rose (NP-EXT 87.5 cents) (PP-DIR to (NP (NP $ 38.875 *U*) (ADVP apiece)))) .)) (TOP (S (NP-SBJ An Upjohn spokesman) (VP said (SBAR 0 (S (NP-SBJ he) (VP had `` (VP heard (NP (NP nothing) '' (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP suggest (SBAR 0 (S (NP-SBJ-1 the early retirement package) (VP was (VP spurred (NP *-1) (PP by (NP-LGS (NP shareholder pressure) or (NP (NP a potential bidder) (PP for (NP (NP the company) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (ADVP-TMP occasionally) (VP has (VP been (NP-PRD (NP the target) (PP of (NP takeover speculation)))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The company) (ADVP-TMP earlier this year) (VP adopted (NP a shareholder-rights plan) (S-PRP (NP-SBJ *-1) (VP to (VP ward (PRT off) (NP unwanted suitors))))) .)) (TOP (S (NP-SBJ The spokesman) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (NP-PRD (NP the first early retirement plan) (VP offered (PP-LOC under (NP its two-year cost-control strategy)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Earlier staff-reduction moves) (VP have (VP trimmed (NP (QP about 300) jobs)))) , (NP-SBJ the spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (NP-HLN (NP INTER-TEL Inc .) (PRN -LRB- (NP-LOC Chandler , Ariz.) -RRB-) --)) (TOP (S (NP-SBJ-1 (NP Jerry Chapman) , (NP (NP managing director) (PP of (NP WayMar Associates))) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP this business telecommunications software and systems concern)))))) .)) (TOP (S (NP-SBJ He) (VP increases (NP the board) (PP-CLR to (NP seven))) .)) (TOP (S (NP-SBJ (NP `` Feeding Frenzy '') (PRN -LRB- (NP Henry Holt) , (NP 326 pages) , (NP $ 19.95 *U*) -RRB-) , (NP (NP a highly detailed account) (PP of (NP the Wedtech scandal))) ,) (VP begins (PP-MNR on (NP a reassuring note))) .)) (TOP (S (ADVP-LOC (ADVP Right up front) (PP in (NP the preface))) , (NP-SBJ co-author William Sternberg) (VP gives (NP us) (NP (NP an example) (PP of (NP his own integrity)))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-3 *-4) (VP offered (NP *-3) (NP (NP a free trip) (PP-DIR from (NP (NP the Bronx) , (NP (NP Wedtech 's) home) ,)) (PP-DIR to (NP Washington , D.C. ,))) (PP by (NP-LGS (NP one) (PP of (NP (NP Wedtech 's) principals)))) (ADVP-TMP *T*-2)))) , (NP-SBJ-4 he) (VP tells (NP the reader) , `` (S (S-ADV (NP-SBJ *-5) (ADJP-PRD mindful (PP of (S-NOM (NP-SBJ *) (VP accepting (NP (NP anything) (PP of (NP value)) (PP from (NP (NP those) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP was (VP writing (PP about (NP *T*-1)))))))))))))) , (NP-SBJ-5 I) (VP declined))) . '')) (TOP (S (NP-SBJ-1 (NP Any question) (PP as (PP to (SBAR (WHADVP-2 why) (S (NP-SBJ an author) (VP would (VP believe (SBAR 0 (S (NP-SBJ (NP this plaintive , high-minded note) (PP of (NP assurance))) (VP is (ADJP-PRD necessary)))) (ADVP-PRP *T*-2)))))))) (VP is (VP answered (NP *-1) (PP-MNR by (S-NOM (NP-SBJ *) (VP reading (NP (NP this book) (PP about (NP (NP sticky fingers) and (NP sweaty scammers))))))))) .)) (TOP (S (NP-ADV (NP Bribe) (PP by (NP bribe))) , (NP-SBJ (NP Mr. Sternberg) and (NP (NP his co-author) , (NP Matthew C. Harrison Jr.))) , (VP lead (NP us) (PP-DIR along (NP (NP the path) (SBAR (WHNP-1 0) (S (NP-SBJ Wedtech) (VP traveled (NP *T*-1)))) , (PP from (NP (NP its inception) (PP as (NP a small manufacturing company)))) (PP to (NP (NP the status) (PP of (NP (NP full-fledged defense contractor) , (VP entrusted (NP *) (PP-CLR with (NP (NP the task) (PP of (S-NOM (NP-SBJ *) (VP producing (NP vital equipment) (PP for (NP the Army and Navy))))))))))))))) .)) (TOP (S (NP-SBJ The book) (VP revolves (PP-DIR around (NP (NP (NP John Mariotta) , (NP (NP the founder) (PP of (NP the company))) ,) and (NP (NP Fred Neuberger) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP became (NP-PRD his partner) (PP-TMP (ADVP soon) after (NP (NP Wedtech 's) creation))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ *-1) (VP started (PP-TMP-CLR in (NP 1965))))) , (NP-SBJ-1 Wedtech) (VP did n't (ADVP really) (VP get (S (NP-SBJ *-1) (VP rolling (PP-TMP until (NP (NP 1975) , (SBAR (WHADVP-2 when) (S (NP-SBJ Mr. Neuberger) (VP discovered (NP (NP the federal government 's) Section 8 -LRB- A -RRB- minority business program) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP a Johnson-era , Great Society creation) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP mandates (SBAR 0 (S (NP-SBJ-1 certain government contracts) (VP be (VP awarded (NP *-1) (ADVP-MNR noncompetitively) (PP-DTV to (NP minority businesses))))))))))) .)) (TOP (S (NP-SBJ Mr. Neuberger) (VP realized (SBAR that , (S (SBAR-ADV although (PP of (NP Italian ancestry))) , (NP-SBJ Mr. Mariotta) (ADVP still) (VP could (VP qualify (PP-CLR as (NP a minority person)) (SBAR-PRP since (S (NP-SBJ-1 he) (VP was (VP born (NP *-1) (PP-LOC-CLR in (NP Puerto Rico))))))))))) .)) (TOP (S (NP-SBJ-1 The two partners) (ADVP merely) (VP had (S (NP-SBJ *-1) (VP to (VP falsify (NP (NP the true ownership) (PP of (NP the corporation))))))) .)) (TOP (S (S (PP Instead of (NP 50)) (NP-SBJ it) (VP became , (PP-LOC on (NP paper) (ADVP only)) , (NP-PRD (NP two-thirds Mariotta) , (NP one-third Neuberger)))) , and (S (NP-SBJ they) (VP were (PP-PRD (PP in (NP the program)) and (PP off (PP to (NP the races)))))) .)) (TOP (S (PP Besides (S-NOM (NP-SBJ *-1) (VP being (NP-PRD a `` minority-owned company '')))) (NP-SBJ-1 Wedtech) (VP was (VP located (NP *-1) (PP-LOC in (NP (NP the South Bronx) , (NP (NP a blighted area) , (VP made (S (NP-SBJ *) (ADJP-PRD famous)) (PP by (NP-LGS Jimmy Carter)) (PP-LOC in (NP his 1976 presidential campaign)))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP (VP plugged (NP itself) (PP-DIR right into (NP (NP Carter campaign rhetoric) (PP about (S-NOM (NP-SBJ *) (VP rebuilding (NP the South Bronx))))))) and (VP kept (S (NP-SBJ *-1) (VP using (NP the minority -- South Bronx angle) (PP-TMP through (NP the Reagan '80s)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Starting (PP-CLR with (NP (NP Congressman Mario Biaggi) (PRN -LRB- (VP (ADVP-TMP now) serving (NP a jail sentence)) -RRB-))))) , (NP-SBJ-1 the company) (VP began (NP (NP a career) (PP of (S-NOM (NP-SBJ *) (VP bribing (NP (NP (UCP federal , state and local) public officials) and (NP (NP (NP those) (ADVP-LOC close (PP to (NP public officials)))) , (PP (ADVP right) (PP up (PP to (NP *RNR*-2))) and (PP including (NP *RNR*-2)) (NP-2 (NP E. Robert Wallach) , (NP (NP (NP close friend) and (NP adviser)) (PP to (NP former Attorney General Ed Meese)))))))))))) .)) (TOP (S (NP-SBJ Wedtech) (VP did n't (ADVP just) (VP use (NP (ADJP old fashioned) bribery))) .)) (TOP (S (NP-SBJ-1 It) (VP made (NP-CLR ample use) (PP-CLR of (NP (NP the modern techniques) (PP of (NP influence peddling)))) , (S-ADV (NP-SBJ *-1) (VP retaining (NP (NP (ADJP politically connected) `` respectable '' law firms) , (NP investment bankers) and (NP (NP political consultants) , (PP including (NP Reagan confidant Lyn Nofzinger))))))) .)) (TOP (S (SBAR-TMP (WHADVP When) (FRAG (ADJP necessary))) , (NP-SBJ it) (VP sought and received (NP assistance) (PP-CLR from (NP organized crime))) .)) (TOP (S (ADVP-TMP Sometimes) (NP-SBJ the bribed) (VP became (NP-PRD (NP partners) (PP in (NP the company)))) .)) (TOP (S (NP-SBJ Wedtech management) (VP used (NP the merit system)) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP were (ADJP-PRD especially helpful (PP in (NP a corrupt scheme)))))) (NP-SBJ you) (VP received (NP (CONJP not just) (NP (NP cash) (PP-LOC in (NP a bag))) , but (NP equity))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP were not (NP-PRD an effective crook)))) , (NP-SBJ you) (VP (VP found (NP yourself) (ADVP-LOC-CLR out (PP in (NP the cold)))) , (NP-ADV (NP a fate) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP eventually) (VP befell (NP (NP Mr. Mariotta) , (NP (NP the firm 's) semiliterate `` minority '' person))))))) .)) (TOP (S But (PP despite (NP (NP (NP the sensational nature) (PP of (NP the revelations))) and (NP the breezy , easy-to-read tabloid writing style))) , (NP-SBJ `` Feeding Frenzy '') (ADVP-TMP often) (VP falls (ADJP short (PP of (NP gripping reading)))) .)) (TOP (S (S (NP-SBJ (NP None) (PP of (NP the scams))) (VP show (NP much ingenuity))) : (S (NP-SBJ Auditors) (VP found (NP crookery) (NP-TMP (NP the first day) (PP-LOC on (NP the job))))) .)) (TOP (S (NP-SBJ (NP Wedtech 's) scammers) (ADVP simply) (VP bribed (S (NP-SBJ them) (VP to (VP shut (PRT up))))) .)) (TOP (S (NP-SBJ (NP The scammers) (NP themselves)) (VP were (NP-PRD (NP garden-variety low lifes) , (NP (NP conspicuous consumers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP wanted (NP (NP big houses) , (NP Mercedes cars) , (NP beautiful women) , (NP expensive clothes)))))))) .)) (TOP (S (PP Among (NP (NP the lot) (PP of (NP them)))) , (NP-SBJ not one) (VP is (UCP-PRD (VP wrestling (PP with (NP good and evil))) , or (ADJP-PRD (ADJP especially intelligent) or (ADJP even temporarily insane)))) .)) (TOP (S (NP-SBJ (NP The one character) (ADJP (ADVP (ADVP at least) somewhat) interesting)) (VP was (NP-PRD (NP Irving Louis Lobsenz) , (NP (NP a pediatrician) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP changed (NP his name) (PP-CLR to (NP Rusty Kent London))) and (VP became (NP-PRD (NP a master gambler) and (NP (NP author) (PP of (NP (NP a book) (PP on (NP blackjack))))))))))))) .)) (TOP (S (NP-SBJ He) (VP enters (NP the story) (PP-TMP (PP toward (NP the end)) , (PP just in (NP (NP time) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 *) (VP to (VP get (S (NP-SBJ *-1) (VP arrested (NP *-1) (ADVP *T*-2))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Absorbed (PP in (S-NOM (NP-SBJ *) (VP doling (PRT out) (NP `` (NP Feeding Frenzy 's) '' tidbits)))))) , (NP-SBJ-1 the authors) (VP gloss (PP-CLR over (NP (NP the root causes) (PP of (NP Wedtech)) , (ADVP namely) (NP (NP the Section 8 -LRB- A -RRB- federal program) (SBAR (WHPP-2 under (WHNP whose auspices)) (S (NP-SBJ the scandal) (VP took (NP-CLR place) (PP *T*-2)))))))) .)) (TOP (S (NP-SBJ They) (VP do (ADVP at least) (VP come (ADVP-CLR around) (PP-CLR to (S-NOM (NP-SBJ *) (VP saying (SBAR that (S (NP-SBJ-1 the courts) (VP might (VP want (S (NP-SBJ *-1) (VP to (VP end `` (NP rigid affirmative action programs))))))))))))) . '')) (TOP (S (NP-SBJ (NP Programs) (PP like (NP Section 8 -LRB- A -RRB-))) (VP are (PP-PRD (NP-ADV a little) like (S-NOM (NP-SBJ *) (VP (VP leaving (NP gold) (PP-LOC in (NP the street))) and then (VP expressing (NP surprise) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 thieves) (VP walk (PRT by) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP scoop (NP it) (PRT up)))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP Numerous other scandals) , (PP among (NP them)) (NP (NP the ones) (PP at (NP HUD))) ,) (VP have (NP (NP the same characteristics) (PP as (NP Wedtech)))) .)) (TOP (S (NP-SBJ They) (VP take (NP-CLR place) (PP in (NP (NP government programs) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP seem (ADJP-PRD tailor-made (PP for (NP corruption))))))))) .)) (TOP (SBARQ (WHADVP-1 Why) (SQ are (NP-SBJ-2 (NP programs) (PP like (NP this))) not (VP eliminated (NP *-2) (ADVP-PRP *T*-1))) ?)) (TOP (S `` (NP-SBJ Feeding Frenzy) '' (VP does (VP provide (NP a few clues))) .)) (TOP (SINV (PP-LOC-3 In and around (NP (NP all levels) (PP of (NP government)) (PP-LOC in (NP the U.S.)))) (VP are (PP-LOC-PRD *T*-3)) (NP-SBJ (NP groups) (PP of (NP (NP people) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP can (ADVP best) (VP be (VP described (NP-4 *-1) (PP-CLR as (S-NOM (NP-SBJ *-4) (VP belonging (PP-CLR to (NP a political insider commercial party))))))))))))) .)) (TOP (S (NP-SBJ They) (VP know (SBAR that (S (SBAR-TMP (WHADVP-2 whenever) (S (NP-SBJ government) (VP is (VP (VP redistributing (NP wealth)) , (VP regulating (NP commerce)) or (VP maintaining (NP a large defense establishment)) (ADVP-TMP *T*-2))))) , (NP-SBJ there) (VP is (NP-PRD (NP big money) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP made (NP *-1) (PP in (S-NOM (NP-SBJ *) (VP influencing , brokering or selling (NP (NP the processes and decisions) (PP of (NP government)))))))))))))))) .)) (TOP (S (S (NP-SBJ They) (VP are (NP-PRD (NP our version) (PP of (NP (NP the East bloc 's) Nomenklatura))))) and (S (NP-SBJ they) (VP have (NP absolutely no wish (S (NP-SBJ *) (VP to (VP see (S (NP-SBJ anything) (VP change)))))))) .)) (TOP (SBARQ (WHNP-1 How many government programs and policies) (SQ (NP-SBJ *T*-1) (VP exist (SBAR-PRP because (S (NP-SBJ they) (VP line (NP (NP the pockets) (PP of (NP political insiders)))))))) ?)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP the real issue) (VP raised (NP *) (PP by (NP-LGS the Wedtech scandal))))) .)) (TOP (S (NP-SBJ Mr. Stern) (VP was (NP-PRD (NP chairman and chief executive officer) (PP of (NP the New York State Urban Development Corp.))) , (NP-TMP 1983-85)) .)) (TOP (S (NP-SBJ-1 (NP The Finnish government) and (NP (NP major creditors) (PP of (NP bankrupt shipyard Waertsilae Marine Industries Oy)))) (VP agreed (PP-MNR in (NP principle)) (S (NP-SBJ-2 *-1) (VP to (VP form (NP a new company) (S-PRP (NP-SBJ *-2) (VP to (VP complete (NP (NP most) (PP of (NP (NP (NP the troubled shipyard 's) backlog) (PP of (NP 15 ships)))))))))))) .)) (TOP (S (S-2 (NP-SBJ-1 The new company) (VP will (VP attempt (S (NP-SBJ *-1) (VP to (VP limit (NP (NP the shipyard 's) losses))))))) , (NP-SBJ participants) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S `` (NP-SBJ The situation) (VP is (SBAR-PRD that (S (NP-SBJ the bankruptcy court) (VP will (VP get (PP-CLR out (PP of (NP the shipbuilding business)))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 Everything) (VP will (VP be (VP taken (PRT over) (NP *-1) (PP by (NP-LGS the new company)))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Christian Andersson) , (NP (NP executive vice president) (PP of (NP (NP Oy Waertsilae) , (NP (NP former parent) (PP of (NP Waertsilae Marine))))))) .)) (TOP (S (SBAR-TMP Once (S (NP-SBJ-1 its ownership) (VP is (VP finalized (NP *-1))))) , (NP-SBJ the new company) (VP will (VP open (NP (NP talks) (SBAR *ICH*-3)) (PP-CLR with (NP state-appointed receivers)) (SBAR-PRP-3 (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP buy or lease (NP (NP Waertsilae Marine 's) shipyard facilities) (ADVP *T*-2))))))) .)) (TOP (S (S-TPC-3 (S (NP-SBJ-1 Subcontractors) (VP will (VP be (VP offered (NP *-1) (NP a settlement))))) and (S (NP-SBJ-2 (NP a swift transition) (PP to (NP new management))) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP avert (NP (NP an exodus) (PP of (NP skilled workers)) (PP from (NP (NP Waertsilae Marine 's) two big shipyards)))))))))) , (NP-SBJ government officials) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (PP-LOC Under (NP (NP an accord) (VP signed (NP *) (NP-TMP yesterday)))) , (NP-SBJ (NP the government) and (NP (NP Union Bank) (PP of (NP Finland)))) (VP would (VP become (NP-PRD (NP major shareholders) (PP-LOC in (NP the new company))) , (S-ADV (NP-SBJ each) (VP injecting (NP (NP (QP 100 million) Finnish markkaa) (PRN -LRB- (NP (QP $ 23.5 million) *U*) -RRB-)))))) .)) (TOP (S (NP-SBJ-1 Oy Waertsilae) (VP is (S-PRD (NP-SBJ *-1) (VP to (VP (VP contribute (NP (NP (QP 200 million) markkaa) , (NP (NP most) (PP of (NP it)) (PP as (NP subordinated debt))) ,)) and (VP take (NP (NP a minority stake) (PP-LOC in (NP the new company)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Customers) (VP holding (NP (NP contracts) (PP for (NP (NP Waertsilae Marine 's) undelivered ships))))) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP subscribe (NP (NP most) (PP of (NP the remaining (QP 170 million) markkaa))) (PP in (NP share capital)))))))) , (NP-SBJ government officials) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Waertsilae Marine 's) biggest creditor) (VP is (NP-PRD Miami-based Carnival Cruise Lines Inc)) .)) (TOP (S (NP-SBJ (NP Carnival) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP three ships) (PP-CLR on (NP (NP order) (PP from (NP Waertsilae Marine))))))) ,) (VP presented (NP (NP claims) (PP for (NP (QP $ 1.5 billion) *U* damages))) (PP-LOC in (NP the bankruptcy court)) (NP-TMP this week)) .)) (TOP (S (NP-SBJ (NP Waertsilae Marine 's) bankruptcy proceedings) (VP began (NP-TMP Tuesday) (PP-LOC in (NP a Helsinki court))) .)) (TOP (S (S-ADV (NP-SBJ-2 Its plans (S (NP-SBJ-1 *) (VP to (VP be (VP acquired (NP *-1)))))) (VP dashed (NP *-2))) , (NP-SBJ Comprehensive Care Corp.) (VP said (SBAR 0 (S (NP-SBJ-3 it) (VP plans (S (NP-SBJ *-3) (VP to (VP sell (NP (NP (NP most) (PP of (NP (NP its (UCP psychiatric and drug abuse) facilities) (PP-LOC in (NP California))))) and (NP some other assets))))) (S-PRP (NP-SBJ *-3) (VP to (VP (VP pay (NP its debt)) and (VP provide (NP working capital))))))))) .)) (TOP (S (S-TPC-3 (PP In (NP all)) , (NP-SBJ-2 the company) (VP hopes (S (NP-SBJ *-2) (VP to (VP repay (NP (NP (QP $ 45 million) *U*) (PP in (NP debt))) (PP-MNR through (NP (NP the sales) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (ADVP completely) (VP discharge (NP its secured debt)))))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 the company) (VP has (VP replaced (NP its president and chief executive) , (S-ADV (NP-SBJ *-1) (VP naming (S (NP-SBJ (NP W. James Nichol) , (NP (NP head) (PP of (NP (NP the company 's) contract health services))) ,) (VP to (VP succeed (NP B. Lee Karns)))))))) .)) (TOP (S (NP-SBJ Mr. Nichol) (VP said (SBAR 0 (S (NP-SBJ he) (VP was `` (ADJP-PRD extremely disappointed (PP in (NP (NP the continuing deterioration) (PP of (NP (NP the company 's) operations)) (SBAR-TMP while (S (NP-SBJ-1 it) (VP attempted (S (NP-SBJ *-1) (VP to (VP conclude (NP the reorganization) (PP-TMP during (NP the past four months))))))))))))))) . '')) (TOP (S (ADJP-TMP Concurrent (PP with (NP (NP Mr. Nichol 's) appointment))) , (NP-SBJ Comprehensive Care) (VP moved (NP its corporate headquarters) (PP-DIR from (NP Irvine , Calif. ,)) (PP-DIR to (NP (NP St. Louis) , (SBAR (WHADVP-1 where) (S (NP-SBJ the company) (VP maintained (NP its contract services offices) (ADVP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ Mr. Karns) (VP continues (PP-CLR as (NP chairman))) .)) (TOP (S (S (NP-SBJ-2 Comprehensive Care) (VP had (VP agreed (S (NP-SBJ-1 *-2) (VP to (VP be (VP acquired (NP *-1) (PP by (NP-LGS (NP (ADJP closely held) First Hospital Corp.) (PP of (NP-LOC Norfolk , Va. ,))))))))))) but (S (NP-SBJ the sale) (VP (VP sputtered (PP-TMP (ADVP almost) from (NP the beginning))) and (VP (ADVP finally) collapsed (NP-TMP last week)))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) (NP-TMP yesterday) , (NP-SBJ Comprehensive Care) (VP closed (PP-CLR at (NP (NP $ 3.75 *U*) (NP-ADV a share))) , (ADVP-CLR up (NP 12.5 cents))) .)) (TOP (S (NP-SBJ Ralston Purina Co.) (VP reported (NP (NP a (ADJP 47 %) decline) (PP in (NP fourth-quarter earnings))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP restructuring costs) (CONJP as well as) (NP a (ADJP more difficult) pet food market))))) .)) (TOP (S (NP-SBJ The St. Louis company) (VP earned (NP (NP (QP $ 45.2 million) *U*) , or (NP (NP 65 cents) (NP-ADV a share)) ,) (PP compared (PP with (NP (NP (NP (QP $ 84.9 million) *U*) , or (NP (NP $ 1.24 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP-TMP in (NP the latest period))) (VP were (NP-PRD (NP (QP $ 1.76 billion) *U*) , (NP (NP a (ADJP 13 %) increase) (PP from (NP (NP last year 's) (QP $ 1.55 billion) *U*))))) .)) (TOP (S (PP For (NP (NP the year) (VP ended (NP-TMP-CLR Sept. 30)))) , (NP-SBJ Ralston) (VP earned (NP (NP (QP $ 422.5 million) *U*) , or (NP (NP $ 6.44 *U*) (NP-ADV a share)) ,) (ADVP up (NP 8.9 %) (PP from (NP (NP (QP $ 387.8 million) *U*) , or (NP (NP $ 5.63 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ (NP This year 's) results) (VP included (NP (NP a gain) (PP of (NP (QP $ 70.2 million) *U*)) (PP on (NP (NP the disposal) (PP of (NP seafood operations)))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP the full year))) (VP were (NP-PRD (QP $ 6.6 billion) *U*) , (ADVP up (NP 13 %) (PP from (NP (QP $ 5.8 billion) *U*)))) .)) (TOP (S (NP-SBJ Ralston) (VP said (SBAR 0 (S (NP-SBJ its restructuring costs) (VP include (NP (NP (NP the phase-out) (PP of (NP (NP a battery facility) (PP-LOC in (NP Greenville , N.C.))))) , (NP (NP the recent closing) (PP of (NP (NP a Hostess cake bakery) (PP-LOC in (NP Cincinnati))))) and (NP (NP a reduction) (PP in (NP staff)) (PP-LOC throughout (NP the company)))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 (NP The battery plant) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP makes (NP rechargeable nickel cadmium and carbon zinc products)))) ,) (VP will (VP be (VP closed (NP *-1) (PP-TMP over (NP the next year (QP or so))))))) , (NP-SBJ a spokesman) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Ralston) (VP attributed (NP its fourth-quarter slump) (PP-CLR (ADVP partly) to (NP (NP (NP higher costs) (PP of (NP ingredients)) (PP-LOC in (NP the pet food business))) (CONJP as well as) (NP (NP competitive pressures) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP required (NP higher advertising spending)))))))) .)) (TOP (S (S-TPC-1 (PP-TMP For (NP the year)) , (NP-SBJ pet food volume) (VP was (ADJP-PRD flat))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Its cereal division) (VP (VP realized (NP higher operating profit) (PP on (NP volume increases))) , but (ADVP also) (VP spent (NP-ADV more) (PP-CLR on (NP promotion)))) .)) (TOP (S (S-TPC-1 (NP-SBJ The Continental Baking business) (VP benefited (PP from (NP (NP higher margins) (PP (PP on (NP bread)) and (PP on (NP increased cake sales))))))) , (NP-SBJ it) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Ralston) (VP said (SBAR 0 (S (NP-SBJ-1 its Eveready battery unit) (VP was (VP hurt (NP *-1) (PP by (NP-LGS (NP continuing economic problems) (PP-LOC in (NP South America))))))))) .)) (TOP (S (NP-SBJ Ralston shares) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 80.50 *U*)) , (ADVP-CLR off (NP $ 1 *U*)) , (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (S (NP-SBJ (NP Companies) (VP listed (NP *) (ADVP-LOC below))) (VP reported (NP (NP quarterly profit) (ADJP substantially different (PP from (NP (NP the average) (PP of (NP (NP analysts ') estimates))))))) .)) (TOP (S (NP-SBJ-1 The companies) (VP (VP are (VP followed (NP *-1) (PP by (NP-LGS (ADVP at least) three analysts)))) , and (VP had (NP (NP a minimum five-cent change) (PP in (NP (NP actual earnings) (PP per (NP share))))))) .)) (TOP (S (NP-SBJ-1 (NP (ADJP Estimated and actual) results) (VP involving (NP losses))) (VP are (VP omitted (NP *-1))) .)) (TOP (S (NP-SBJ The percent difference) (VP compares (NP actual profit) (PP-CLR with (NP the 30-day estimate)) (SBAR-ADV (WHADVP-1 where) (S (NP-SBJ (QP at least three) analysts) (VP have (VP issues (NP forecasts) (PP-TMP in (NP the past 30 days)) (ADVP-LOC *T*-1)))))) .)) (TOP (S (ADVP Otherwise) , (NP-SBJ-1 actual profit) (VP is (VP compared (NP *-1) (PP-CLR with (NP the 300-day estimate)))) .)) (TOP (S (NP-SBJ First Chicago Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP its (ADJP (QP $ 55.1 million) *U*) cash-and-stock acquisition) (PP of (NP (NP (ADJP closely held) Ravenswood Financial Corp.) , (NP another Chicago bank holding company)))))))) .)) (TOP (S (NP-SBJ (NP The record corn-buying binge) (PP by (NP the Soviet Union))) (VP is (VP causing (NP serious bottlenecks) (PP-LOC in (NP the U.S. grain pipeline)))) .)) (TOP (S (NP-SBJ The Soviet purchases) (VP are (ADJP-PRD (ADJP so massive) (SBAR that (S (NP-SBJ-1 exporters) (VP are (VP struggling (S (NP-SBJ *-1) (VP to (VP find (NP (NP enough river barges and trains) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP move (NP the (ADJP recently harvested) Midwest crop) (PP-DIR to (NP ports)) (PP for (S-NOM (NP-SBJ *) (VP loading (PP-DIR onto (NP Soviet ships))))))))))))))))))) .)) (TOP (S (NP-SBJ River barge rates) (VP have (VP soared (NP-EXT 40 %) (NP-TMP this fall) (PP-TMP from (ADVP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ (NP Railroad companies) and (NP some ports)) (VP are (VP reaping (NP (NP a sudden windfall) (PP of (NP business))))) .)) (TOP (S And (NP-SBJ some grain analysts) (VP are (VP predicting (SBAR that (S (NP-SBJ corn prices) (VP might (VP gyrate (NP-TMP this month) (SBAR-ADV as (S (NP-SBJ-1 exporters) (VP scrounge (S (NP-SBJ *-1) (VP to (VP find (NP (NP enough) (PP of (NP the crop)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP meet (NP (NP their obligations) (PP to (NP the Soviets)))))))))))))))))))) .)) (TOP (S (NP-SBJ The Soviet Union) (VP bought (NP (NP (QP roughly 310 million) bushels) (PP of (NP U.S. corn)) (SBAR *ICH*-2)) (PP-TMP in (NP October)) , (SBAR-2 (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP the most) (VP (ADVP ever) sold (NP *) (PP-CLR to (NP the Soviet Union)) (PP-TMP in (NP one month)) (PP-DIR from (NP the U.S)))))))) .)) (TOP (S (NP-SBJ The Soviet Union) (VP wants (S (NP-SBJ-2 (NP much) (PP of (NP it))) (VP (VP delivered (NP *-2) (PP-TMP by (NP January))) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP be (NP-PRD a strain) (PP-TMP in (NP most years))))))))) .)) (TOP (S But (NP-SBJ it) (VP is (ADJP-PRD particularly difficult) (NP-TMP this autumn) (PP-PRP because of (NP (NP low water levels) (PP on (NP (NP the Mississippi River) , (SBAR (WHPP-1 on (WHNP which)) (SINV (VP flows (PP-LOC-CLR *T*-1)) (NP-SBJ (NP much) (PP of (NP (NP the U.S. corn) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP is (VP shipped (NP *-2) (ADVP-DIR overseas))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP are (VP shipping (NP (NP the most corn) (PP in (NP (NP that short) (PP of (NP time period)))) (PP to (NP one customer)) (PP on (NP record)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP William Dunton) , (NP a U.S. Agriculture Department transportation expert)) .)) (TOP (S `` (NP-SBJ-1 It) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD real tight)))))) . '')) (TOP (S (PP-PRP Because of (NP (NP persistent dry weather) (PP-LOC in (NP the northern Plains)))) , (NP-SBJ (NP the water level) (PP-LOC on (NP (NP the upper section) (PP of (NP the Mississippi River))))) (VP is (ADJP-PRD (ADJP so low) (SBAR that (S (NP-SBJ many river operators) (VP are (ADVP already) (VP trimming (NP (NP the number) (PP of (NP barges)) (SBAR (WHNP-1 0) (S (NP-SBJ their tows) (VP push (NP *T*-1) (PP-TMP at (NP one time)))))))))))) .)) (TOP (S (PP-TMP In (NP a few weeks)) , (NP-SBJ-2 many barges) (ADVP probably) (VP wo n't (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP operate (ADJP-ADV fully loaded) (ADVP-LOC south (PP of (NP St. Louis))))))) (SBAR-PRP because (S (NP-SBJ-3 (NP the U.S. Army Corps) (PP of (NP Engineers))) (VP is (VP beginning (S (NP-SBJ *-3) (VP to (VP reduce (NP (NP the flow) (PP of (NP (NP the Missouri River) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP feeds (PP-DIR into (NP the Mississippi River))))))))))))))))) .)) (TOP (S (NP-SBJ The Army Corps) (VP is (VP cutting (NP (NP the flow) (PP of (NP the Missouri River))) (ADVP-TMP (ADVP (NP about two weeks) earlier) (PP than (ADJP normal))) (PP-PRP because of (NP (NP low water levels) (PP in (NP (NP the reservoirs) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP feed (NP it)))))))))) .)) (TOP (S (NP-SBJ (NP Barge rates) (PP-LOC on (NP the Mississippi River))) (VP sank (NP-TMP yesterday) (PP on (NP speculation (SBAR that (S (NP-SBJ (NP widespread rain) (PP *ICH*-3)) (NP-TMP this week) (PP-LOC-3 in (NP the Midwest)) (VP might (ADVP-TMP temporarily) (VP alleviate (NP the situation)))))))) .)) (TOP (S But (NP-SBJ (NP the Army Corps) (PP of (NP Engineers))) (VP expects (S (NP-SBJ-1 the river level) (VP to (VP continue (S (NP-SBJ *-1) (VP falling)) (NP-TMP this month))))) .)) (TOP (S (S-TPC-3 (S (PP-LOC At (NP St. Louis)) , (NP-SBJ (NP the water level) (PP of (NP the Mississippi River))) (VP is (ADVP-PRD already) (PP (NP 6.5 feet) below (ADJP normal)))) and (S (NP-SBJ it) (VP could (VP drop (NP-EXT an additional 2.5 feet) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 (NP the flow) (PP of (NP the Missouri River))) (VP is (VP slowed (NP *-1) (ADVP-TMP *T*-2))))))))) , (NP-SBJ an Army Corps spokesman) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Similar levels) (VP hamstrung (NP barge shipments) (NP-TMP last year) (PP in (NP (NP the wake) (PP of (NP (NP the worst drought) (PP-TMP in (NP 50 years))))))) .)) (TOP (S (ADVP So far) , (NP-SBJ (NP the grain industry 's) budding logistical problems) (VP have n't (VP been (NP-PRD (NP a major factor) (PP-LOC in (NP (NP the trading) (PP of (NP corn contracts)) (PP-LOC at (NP (NP the Chicago Board) (PP of (NP Trade))))))))) .)) (TOP (S (NP-SBJ-1 Many grain processors and exporters) (VP use (NP (NP the price) (PP of (NP (NP the corn futures contracts) (VP traded (NP *) (ADVP-LOC there))))) (S-CLR (NP-SBJ *-1) (VP to (VP calculate (NP (NP the price) (SBAR (WHNP-2 0) (S (NP-SBJ-3 they) (VP offer (NP *T*-2) (S-CLR (NP-SBJ *-3) (VP to (VP buy (NP corn) (PP-CLR from (NP farmers))))))))))))) .)) (TOP (S (PP-LOC At (NP (NP the Board) (PP of (NP Trade)))) (NP-TMP yesterday) (NP-SBJ-1 (NP the price) (PP of (NP the corn contract)) (PP for (NP December delivery))) (VP slipped (NP-ADV (NP 3.5 cents) (NP-ADV a bushel)) (S-CLR (NP-SBJ *-1) (VP to (VP settle (PP-CLR at (NP (NP $ 2.375 *U*) (NP-ADV a bushel))))))) .)) (TOP (S (NP-SBJ Corn prices) (VP have (VP been (ADJP-PRD sluggish) (NP-TMP this fall) (PP despite (NP the huge Soviet orders)) (SBAR-PRP because (S (NP-SBJ the harvest) (VP has (VP allowed (S (NP-SBJ farmers) (VP to (VP rebuild (NP (NP the stockpiles) (VP depleted (NP *) (PP by (NP-LGS the 1988 drought))))))))))))) .)) (TOP (S (PP With (S-NOM (NP-SBJ the harvest) (VP winding (PRT down)))) , (ADVP however) , (NP-SBJ some analysts) (VP are (VP speculating (SBAR that (S (NP-SBJ prices) (VP might (VP jump (PP-LOC in (NP some regions)) (SBAR-ADV as (S (NP-SBJ-1 U.S. exporters) (VP try (S (NP-SBJ *-1) (VP to (VP gather (NP (NP the corn) (SBAR (WHNP-2 0) (S (NP-SBJ-3 they) (VP are (VP obligated (S (NP-SBJ *-3) (VP to (VP deliver (NP *T*-2))))))))))))))))))))) .)) (TOP (S (NP-SBJ Farmers) (VP are (PP-PRD in (NP (NP the best position) (PP of (NP many years)) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP push (ADVP-DIR up) (NP corn prices) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (S (SBAR-PRP Because (S (NP-SBJ the drought) (VP reduced (NP U.S. stockpiles)))) , (NP-SBJ they) (VP have (NP (NP more) (PP than (NP (NP enough storage space) (PP for (NP their new crop))))))) , and (S (NP-SBJ that) (VP permits (S (NP-SBJ them) (VP to (VP wait (SBAR for (S (NP-SBJ prices) (VP to (VP rise))))))))) .)) (TOP (S (PP-LOC In (NP (NP parts) (PP of (NP Iowa)))) , (PP for (NP example)) , (NP-SBJ some grain elevators) (VP are (VP offering (NP farmers) (NP (NP $ 2.15 *U*) (NP-ADV a bushel)) (PP-CLR for (NP corn)))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Many farmers) (ADVP probably) (VP would n't (VP sell (SBAR-TMP until (S (NP-SBJ prices) (VP rose (NP-ADV (NP (QP at least 20) cents) (NP-ADV a bushel)))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Lyle Reed) , (NP (NP president) (PP of (NP (NP Chicago Central & Pacific Railroad Co.) (PP of (NP-LOC Waterloo , Iowa)))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is n't (ADJP-PRD clear) , (ADVP however) , (SBAR-1 (WHNP-2 who) (S (NP-SBJ *T*-2) (VP would (VP win (NP a waiting game)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ U.S. corn stockpiles) (VP shrank (PP by (NP roughly half)) (PP in (NP (NP the wake) (PP of (NP the drought))))))) , (NP-SBJ the Agriculture Department) (VP projects (SBAR that (S (NP-SBJ (NP nearly one-fifth) (PP of (NP the harvest))) (VP will (ADVP still) (VP be (PP-LOC-PRD in (NP storage)) (SBAR-TMP before (S (NP-SBJ the 1990 corn harvest) (VP begins)))))))) .)) (TOP (S (NP-SBJ Some analysts) (VP are (ADJP-PRD worried (SBAR that (S (NP-SBJ (NP reports) (PP of (NP (NP the grain industry 's) problems))) (VP might (VP spark (S (NP-SBJ-1 investors) (VP to (VP begin (S (NP-SBJ-2 *-1) (VP buying (NP corn futures contracts) -- (S-ADV (NP-SBJ *-2) (ADVP only) (VP to (VP see (NP little appreciation))))))))))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ The public) (VP is (VP buying (NP the market) (SBAR-TMP (WHADVP-2 when) (S (PP in (NP reality)) (NP-SBJ there) (VP is (NP-PRD (NP plenty) (PP of (NP grain)) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP shipped (NP *-1))))))) (ADVP-TMP *T*-2))))))) , '' (VP said (S *T*-4)) (NP-SBJ (NP Bill Biedermann) , (NP Allendale Inc. research director)) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP much) (PP of (NP (NP this country 's) export corn))) (VP goes (PP-DIR to (NP New Orleans)) (PP-MNR by (NP barge))))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD possible) (SBAR-1 for (S (NP-SBJ-2 exporters) (VP to (VP sidestep (NP the Mississippi River) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP shipping (NP (NP a larger-than-normal amount) (PP of (NP corn))) (PP-MNR by (NP train)) (PP-DIR to (NP the port)))))))))) .)) (TOP (S (NP-SBJ (NP Ports) (PP-LOC in (NP the Great Lakes and Atlantic Coast))) (VP can (ADVP also) (VP relieve (NP (NP pressure) (PP on (NP New Orleans))))) .)) (TOP (S (NP-SBJ One railroad) , (PP for (NP example)) , (VP is (ADVP already) (VP increasing (NP (NP its grain hauling service) (PP-DIR from (NP Indiana)) (PP-DIR to (NP Baltimore))))) .)) (TOP (S And (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP is n't (ADJP-PRD clear) (SBAR-2 that (S (NP-SBJ the Soviet Union) (VP will (VP stay (PP-CLR on (NP its record buying pace))))))) .)) (TOP (S (NP-SBJ-1 The Soviet orders) (VP were (VP compressed (NP *-1) (PP-CLR into (NP (NP the month) (PP of (NP October)))) (PP-PRP because of (NP delays)))) .)) (TOP (S (NP-SBJ-1 The Soviet Union) (ADVP usually) (VP begins (S (NP-SBJ *-1) (VP buying (NP U.S. crops) (ADVP-TMP earlier (PP in (NP the fall)))))) .)) (TOP (S But (NP-SBJ-1 its purchases) (ADVP apparently) (VP were (VP delayed (NP *-1) (PP by (NP-LGS (NP (NP a reorganization) (PP of (NP its agricultural bureaucracy))) (CONJP as well as) (NP budget problems))))) .)) (TOP (FRAG (PP-LOC In (NP other commodity markets)) (NP-TMP yesterday) :)) (TOP (FRAG (NP ENERGY) : (S (S (NP-SBJ Crude oil futures prices) (VP increased (PP-CLR in (NP moderate trading)))) , but (S (NP-SBJ (NP much) (PP of (NP the action))) (VP was (PP-LOC-PRD in (NP heating oil))))) .)) (TOP (S (NP-SBJ Prices) (VP rose (PP on (NP the news (SBAR that (S (NP-SBJ-1 a sizable (ADJP West German) refinery) (VP was (VP damaged (NP *-1) (PP-LOC in (NP a fire)) , (S-ADV (NP-SBJ *) (VP tightening (NP an (ADJP already tight) European market)))))))))) .)) (TOP (S (NP-SBJ (NP Heating oil) (PP for (NP November delivery))) (VP ended (PP-CLR at (NP (NP 58.64 cents) (NP-ADV a gallon))) , (ADVP-CLR up (NP one cent) (PP-LOC on (NP the New York Mercantile Exchange)))) .)) (TOP (S (NP-SBJ (NP West Texas Intermediate) (PP for (NP December delivery))) (VP advanced (NP-EXT 22 cents) (PP-CLR to (NP (NP $ 19.94 *U*) (NP-ADV a barrel)))) .)) (TOP (S (NP-SBJ Gasoline futures) (VP continued (NP (NP a sell-off) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP began (NP-TMP-CLR Monday)))))) .)) (TOP (FRAG (NP PRECIOUS METALS) : (S (NP-SBJ Futures prices) (VP eased (SBAR-TMP as (S (NP-SBJ increased stability and strength) (VP came (PP-DIR into (NP the securities markets))))))) .)) (TOP (S (NP-SBJ December delivery gold) (VP fell (NP-EXT (NP $ 3.20 *U*) (NP-ADV an ounce)) (PP-CLR to (NP $ 377.60 *U*))) .)) (TOP (S (NP-SBJ December silver) (VP declined (NP-EXT (NP 6.50 cents) (NP-ADV an ounce)) (PP-CLR to (NP $ 5.2180 *U*))) .)) (TOP (S (NP-SBJ January platinum) (VP was (PP-PRD down (NP (NP $ 5.70 *U*) (NP-ADV an ounce))) (PP-CLR at (NP $ 494.50 *U*))) .)) (TOP (S (NP-SBJ-1 (NP Precious metals) , (NP gold) (PP in (ADJP particular)) ,) (ADVP-TMP currently) (VP are (VP being (VP influenced (NP *-1) (PP (ADVP more) by (NP-LGS (NP stock market gyrations) (PP than (NP the dollar)))) (SBAR-ADV as (S (NP-SBJ traders) (VP seek (NP greater investment stability)))) , (PP according (PP to (NP (NP William O'Neill) , (NP (NP vice president) (PP of (NP research)) (PP-LOC at (NP (NP Elders Futures) (PP-LOC in (NP New York))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The recent rally) (PP-LOC in (NP precious metals))) (VP was (NP-PRD (NP a result) (PP of (NP (NP uncertainty and volatility) (PP-LOC in (NP equities))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (S-TPC-1 (NP-TMP Yesterday) , (NP-SBJ the stock market) (VP rose (ADVP-MNR strongly) , (S-ADV (NP-SBJ *) (VP creating (NP a (ADJP more defensive) attitude) (PP-LOC among (NP precious metals traders)))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Silver and platinum) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (NP (NP more) (PP of (NP an industrial nature)) (PP than (NP gold)))))) ,) (VP were (ADJP-PRD even weaker))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ Silver) (VP is (ADVP-PRD also) (PP under (NP (NP pressure) (PP of (NP (NP `` extremely high '' inventories) (PP-LOC in (NP (NP warehouses) (PP of (NP the Commodity Exchange)))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ these stocks) (VP rose (PP-EXT by (NP 170,262 ounces)) (PP-CLR to (NP (NP a record) (PP of (NP 226,570,380 ounces)))) , (PP according (PP to (NP an exchange spokesman)))) .)) (TOP (FRAG (NP COPPER) : (S (NP-SBJ Futures prices) (ADVP partially) (VP recovered (NP (NP Monday 's) declines) (SBAR-PRP because (S (NP-SBJ-1 Chilean miners) (VP voted (S (NP-SBJ *-1) (VP to (VP strike)))))))) .)) (TOP (S (NP-SBJ The December contract) (VP rose (NP-EXT (NP 1.20 cents) (NP-ADV a pound)) (PP-DIR to (NP $ 1.14 *U*))) .)) (TOP (S (S-TPC-3 (PP-LOC In (NP Chile)) , (NP-SBJ-2 (NP workers) (PP-LOC at (NP (NP two copper mines) , (NP (NP Los Bronces) and (NP El Soldado)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP belong (PP-CLR to (NP the Exxon-owned Minera Disputada))))) ,))) (NP-TMP yesterday) (VP voted (S (NP-SBJ *-2) (VP to (VP begin (NP a full strike) (NP-TMP-CLR tomorrow)))))) , (NP-SBJ an analyst) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S-1 (NP-SBJ (NP Reasons) (PP for (NP the walkout))) (PRN , (S (NP-SBJ the analyst) (VP said (SBAR 0 (S *T*-1)))) ,) (VP included (NP (NP a number) (PP of (NP (NP procedural issues) , (PP such as (NP a right (S (NP-SBJ *) (VP to (VP strike))))))))) .)) (TOP (S (NP-SBJ The analyst) (VP noted (SBAR that (SINV (ADJP-PRD-TPC-1 also inherent (PP in (NP all metal markets))) (VP was (ADJP-PRD *T*-1)) (NP-SBJ (NP a sympathetic reaction) (PP to (NP stocks)))))) .)) (TOP (S-2 (PP In (NP (NP the case) (PP of (NP copper)))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-1 (NP the upbeat mood) (PP of (NP stocks))) (VP was (VP reflected (NP *-1) (PP-CLR in (NP (NP demand) (PP for (NP futures contracts)))) (SBAR-PRP because (S (NP-SBJ a stronger economy) (VP means (NP (NP greater buying interest) (PP for (NP the metal)))))))) .)) (TOP (SINV-4 (VP-TPC-3 (ADVP Also) contributing (PP-CLR to (NP (NP the firmness) (PP-LOC in (NP copper))))) (PRN , (S (NP-SBJ the analyst) (VP noted (SBAR 0 (SINV *T*-4)))) ,) (VP was (VP *T*-3)) (NP-SBJ (NP a report) (PP by (NP Chicago purchasing agents)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP precedes (NP (NP (NP the full purchasing agents ') report) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP (VP is (ADJP-PRD due out) (NP-TMP today)) and (VP gives (NP (NP an indication) (PP of (SBAR-NOM (WHNP-5 what) (S (NP-SBJ the full report) (VP might (VP hold (NP *T*-5)))))))))))))))) .)) (TOP (S (NP-SBJ (NP The Purchasing Management Association) (PP of (NP (NP Chicago 's) October index))) (VP rose (PP-DIR to (NP 51.6 %)) (PP-TMP after (NP (NP three previous months) (PP of (NP (NP readings) (PP below (NP 50 %))))))) .)) (TOP (S (NP-SBJ The September index) (VP was (NP-PRD 47.1 %)) .)) (TOP (S (NP-SBJ (NP A reading) (PP below (NP 50 %))) (ADVP generally) (VP indicates (NP (NP a slowing) (PP-LOC in (NP (NP the industrial sector) (PP of (NP the economy))))) , (SBAR-ADV while (S (NP-SBJ (NP a reading) (PP above (NP 50 %))) (VP points (PP-CLR to (NP expansion)))))) .)) (TOP (S (NP-SBJ The Chicago report) (VP raised (NP the possibility (SBAR that (S (NP-SBJ (NP the October survey) (PP of (NP (NP the National Association) (PP of (NP Purchasing Management))))) (VP would (ADVP also) (VP show (NP (NP a reading) (PP above (NP 50 %))))))))) .)) (TOP (S (NP-SBJ NCR Corp.) (VP (VP unveiled (NP (NP two models) (PP of (NP (NP its Tower line) (PP of (NP midrange computers)))))) and (VP introduced (NP (NP advanced networking software) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP allow (S (NP-SBJ the Tower family) (VP to (VP operate (PP-MNR as (NP (NP a central hub) (PP-LOC in (NP (NP a network) (PP of (NP computers))))))))) (ADVP *T*-1)))))))) .)) (TOP (S (NP-SBJ-1 The new software) (VP is (VP based (NP *-1) (PP-CLR on (NP (NP Novell Inc. 's) NetWare network operating system software)))) .)) (TOP (S (NP-SBJ USX Corp.) (VP posted (NP (NP a (ADJP 23 %) drop) (PP in (NP third-quarter profit))) , (SBAR-TMP as (S (NP-SBJ-1 improved oil results) (VP failed (S (NP-SBJ *-1) (VP to (VP offset (NP (NP weakness) (PP-LOC in (NP steel and natural gas operations)))))))))) .)) (TOP (S (NP-SBJ (NP The nation 's) largest steelmaker) (VP earned (NP (NP (QP $ 175 million) *U*) , or (NP (NP 62 cents) (NP-ADV a share))) , (PP compared (PP with (NP (NP the year-earlier (QP $ 228 million) *U*) , or (NP (NP 80 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ The recent quarter) (VP includes (NP (NP pretax gains) (PP of (NP (QP $ 98 million) *U*)) (PP from (NP asset sales))) , (SBAR-ADV while (S (NP-SBJ (NP like gains) (PP-TMP in (NP the year-earlier quarter))) (VP totaled (NP (QP $ 61 million) *U*))))) .)) (TOP (S (PP-TMP In (NP the 1988 period)) , (NP-SBJ USX) (ADVP also) (VP had (NP (NP a (ADJP (QP $ 71 million) *U*) after-tax gain) (PP from (NP a tax dispute settlement)))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 5 %) (PP-DIR to (NP (QP $ 4.4 billion) *U*)) (PP-DIR from (NP (QP $ 4.2 billion) *U*))) .)) (TOP (S (NP-SBJ The earnings drop) (VP appears (ADJP-PRD particularly steep) (PP in (NP (NP comparison) (PP with (NP (NP (NP last year 's) (ADJP unusually strong) third quarter) , (SBAR (WHADVP-1 when) (S (NP-SBJ the company) (VP was (VP riding (NP (NP an industrywide boom) (PP in (NP demand and pricing))) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ third-quarter operating profit) (VP fell (NP-EXT 14 %) , (SBAR-ADV as (S (NP-SBJ USX) (VP sold (NP (NP sizable chunks) (PP of (NP its (UCP diversified and steel) segments))) , (S-ADV (NP-SBJ *) (VP eliminating (NP (NP income) (PP from (NP those operations))))))))) .)) (TOP (S (PP-LOC Among (NP (NP segments) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP continue (S (NP-SBJ *-2) (VP to (VP operate)))))))) , (ADVP though) , (NP-SBJ-3 (NP the company 's) steel division) (VP continued (S (NP-SBJ *-3) (VP to (VP suffer (PP-CLR from (NP (NP soft demand) (PP for (NP (NP its tubular goods) (VP serving (NP (NP the oil industry) and (NP other markets))))))))))) .)) (TOP (S (NP-SBJ (NP Peter Marcus) , (NP (NP an analyst) (PP with (NP PaineWebber Inc.))) ,) (VP said (SBAR that (S (NP-SBJ (NP a downturn) (PP-LOC in (NP the appliance industry)) , (VP coupled (NP *) (PP-CLR with (NP sluggish automotive sales))) ,) (VP hurt (NP USX results))))) .)) (TOP (S (S (ADVP Moreover) , (NP-SBJ USX) (VP exports (NP (NP more) (PP than (NP other steelmakers))))) , and (S (NP-SBJ the overseas market) (VP has (VP been (PP-PRD under (NP (ADJP more severe) pricing pressure))))) .)) (TOP (S (NP-SBJ The company) (VP attributed (NP (NP lower sales and earnings) (PP for (NP the steel segment))) (PP-CLR to (NP (NP the loss) (PP of (NP (NP results) (PP from (NP (NP the (NAC-LOC Lorain , Ohio ,) plant) , (SBAR (WHNP-51 which) (S (NP-SBJ *T*-51) (ADVP-TMP now) (VP is (NP-PRD (NP a 50-50 joint venture) (PP with (NP (NP Japan 's) Kobe Steel Ltd))))))))))))) .)) (TOP (S (PP-LOC In (NP the steel division)) , (NP-SBJ operating profit) (VP dropped (NP-EXT 11 %) (PP-DIR to (NP (QP $ 85 million) *U*))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Profit) (PP per (NP (NP ton) (PP of (NP steel)) (VP shipped (NP *))))) (VP dropped (PP-CLR to (PP about (NP (NP $ 33 *U*) (NP-ADV a ton)))) (PP-CLR from (NP (NP (NP (NP $ 42 *U*) (NP-ADV a ton)) (NP-TMP last year)) and (NP (NP (NP $ 53 *U*) (NP-ADV a ton)) (PP-TMP in (NP the second quarter))))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP Still) , (NP-SBJ-3 USX) (VP fared (ADVP (ADVP better) (PP than (NP other major steelmakers))) , (S-ADV (NP-SBJ *-3) (VP earning (NP (NP more) (PP per (NP (NP ton) (PP of (NP steel)) (VP shipped (NP *)))) (PP than (NP either (NP (NP Bethlehem Steel Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP posted (NP (NP a (ADJP 54 %) drop) (PP in (NP net income)))))) ,) or (NP (NP Inland Steel Industries Inc.) , (SBAR (WHNP-2 whose profit) (S (NP-SBJ *T*-2) (VP plummeted (NP-EXT 70 %))))))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ USX shares) (VP closed (ADVP-CLR up (NP $ 1.25 *U*)) , (PP-CLR at (NP $ 34.625 *U*)) , (SBAR-ADV as (S (NP-SBJ the reported earnings) (VP exceeded (NP (NP projections) (PP by (NP (NP some analysts) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had n't (VP expected (NP (NP (ADJP as great) a volume) (PP of (NP asset sales)))))))))))))) .)) (TOP (S (NP-SBJ (NP The rise) (PP-LOC in (NP (NP the stock 's) price))) (VP may (ADVP also) (VP reflect (NP the fact (SBAR that (S (NP-SBJ (NP USX 's) steel segment) (VP fared (ADVP (ADVP better) (PP than (NP some other steelmakers '))))))))) .)) (TOP (S (NP-SBJ (NP Charles Bradford) , (NP (NP an analyst) (PP with (NP Merrill Lynch Capital Markets))) ,) (VP said (SBAR 0 (S (NP-SBJ USX) (VP may (VP have (VP received (NP (NP orders) (VP lost (NP *) (PP by (NP-LGS (NP competitors) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP were (VP involved (NP *-1) (PP-CLR in (NP labor contracts)) (NP-TMP earlier this year))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 USX) (ADVP also) (VP appeared (S (NP-SBJ *-1) (VP to (VP sell (NP (NP a richer mix) (PP of (NP (NP steel products) , (PP such as (NP the (ADJP more profitable) (NX (NX pipe) and (NX galvanized coated sheet)))))) , (PP than (NP lower-priced structural goods)))))))))) .)) (TOP (S (NP-SBJ The energy segment) , (PP with (NP (NP a (ADJP 15 %) rise) (PP-LOC in (NP operating profit)))) , (VP is (ADVP clearly) (NP-PRD (NP the company 's) strongest)) .)) (TOP (S (NP-SBJ-1 Higher crude oil prices) (VP helped (S (NP-SBJ *-1) (VP boost (NP (NP operating profit) (PP for (NP the Marathon Oil Co. unit))) (PP-DIR to (NP (QP $ 198 million) *U*)) (PP-DIR from (NP (QP $ 180 million) *U*))))) .)) (TOP (S (NP-SBJ-1 The Texas Oil & Gas division) (VP continues (S (NP-SBJ *-1) (VP to (VP operate (PP-MNR in (NP the red))))) , (SBAR-ADV although (S (NP-SBJ losses) (VP narrowed (PP-DIR to (NP (QP $ 9 million) *U*)) (PP-DIR from (NP (QP $ 15 million) *U*)))))) .)) (TOP (S (NP-SBJ USX) (VP announced (PP-TMP in (NP October)) (SBAR that (S (NP-SBJ it) (VP was (VP soliciting (NP bids (S (NP-SBJ *) (VP to (VP sell (NP (NP TXO 's) oil and gas reserves)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Proceeds) (PP of (NP that sale))) (VP are (S-PRD (NP-SBJ-2 *-1) (VP to (VP be (VP used (NP *-2) (S-CLR (NP-SBJ *) (VP to (VP (VP reduce (NP debt)) and (VP buy (PRT back) (NP shares)))))))))) .)) (TOP (S (NP-SBJ The company) (VP noted (SBAR that (S (NP-SBJ it) (VP has (VP (VP reduced (NP debt) (PP-EXT by (NP (QP $ 1.6 billion) *U*)) (PP-TMP since (NP (NP the end) (PP of (NP 1988))))) and (VP bought (PRT back) (NP (NP (QP about 15.5 million) shares) (PP of (NP common stock))) (PP-TMP since (NP (NP the fourth quarter) (PP of (NP 1987)))))))))) .)) (TOP (S (NP-SBJ USX) (VP has (NP (NP (NP (QP about $ 5.5 billion) *U*) (PP-LOC in (NP long-term debt))) and (NP (NP (QP 257 million) shares) (ADJP outstanding)))) .)) (TOP (S (NP-SBJ-1 (NP The announced sale) (PP of (NP the reserves))) (VP was (VP followed (NP *-1) (PP by (NP-LGS news (SBAR that (S (NP-SBJ investor Carl Icahn) (VP had (VP (VP increased (NP (NP his stake) (PP-LOC in (NP USX))) (PP-CLR to (NP 13.1 %))) and (VP threatened (NP (NP a takeover) or (NP other business combination))))))))))) .)) (TOP (S (NP-SBJ Mr. Icahn) (VP has (VP said (SBAR 0 (S (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ-1 USX) (VP would (VP be (PP-PRD worth (ADJP more)) (SBAR-ADV if (S (NP-SBJ-2 *-1) (VP broken (PRT up) (NP *-2) (PP-CLR into (NP steel and energy segments)))))))))))))) .)) (TOP (S (NP-SBJ (NP Profit) (PP for (NP the nine months))) (VP jumped (NP-EXT 21 %) (PP-DIR to (NP (NP (QP $ 721 million) *U*) , or (NP (NP $ 2.62 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 598 million) *U*) , or (NP (NP $ 2.07 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 10 %) (PP-DIR to (NP (QP $ 13.8 billion) *U*)) (PP-DIR from (NP (QP $ 12.5 billion) *U*))) .)) (TOP (S (NP-SBJ-1 (NP John F. Barrett) , (NP 40) , (ADVP-TMP formerly) (NP (NP executive vice president) and (NP chief financial officer)) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP president) and (NP chief operating officer)) , (NP (NP posts) (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP had (VP been (ADJP-PRD vacant)))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Leon J. Level) , (NP (NP (NP vice president) and (NP chief financial officer)) (PP of (NP this computer services concern))) ,) and (NP (NP F. Warren McFarlan) , (NP (NP a professor) (PP-LOC at (NP (NP (NP Harvard University 's) Graduate School) (PP of (NP Business))))) ,)) (VP were (VP elected (S (NP-SBJ *-1) (NP-PRD directors)) , (S-ADV (NP-SBJ *) (VP increasing (NP board membership) (PP-CLR to (NP nine)))))) .)) (TOP (S (NP-SBJ-1 (NP David A. DiLoreto) , (NP (NP president) (PP of (NP metal container division))) ,) (VP was (VP named (NP *-1) (PP-CLR to (NP (NP the additional post) (PP of (NP (NP group vice president) , (NP packaging products) ,)))) (PP-LOC at (NP this (UCP packaging , industrial and aerospace products) concern)) , (S-ADV (NP-SBJ *-1) (VP succeeding (NP (NP Delmont A. Davis) , (SBAR (WHNP-3 who) (S (NP-SBJ-2 *T*-3) (VP was (VP named (S (NP-SBJ *-2) (NP-PRD (NP president) and (NP chief operating officer))) (PP-TMP in (NP August))))))))))) .)) (TOP (S (NP-SBJ Two leading constitutional-law experts) (VP said (SBAR 0 (S (NP-SBJ President Bush) (VP does n't (VP have (NP the legal authority (S (NP-SBJ *) (VP to (VP exercise (NP a line-item veto)))))))))) .)) (TOP (S (NP-SBJ Professors (NX (NX Philip Kurland (PP of (NP (NP the University) (PP of (NP Chicago))))) and (NX Laurence Tribe (PP of (NP Harvard Law School))))) (VP said (SBAR 0 (S (NP-SBJ (NP any effort) (PP by (NP President Bush)) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP claim (NP (NP authority) (PP for (NP a line-item veto))) (ADVP *T*-1)))))) (VP would (VP contradict (NP (NP (NP the text) (PP of (NP the Constitution))) and (NP (NP the intent) (PP of (NP its authors))) , (CONJP as well as) (NP (NP the views) (PP of (NP previous presidents))))))))) .)) (TOP (S (NP-SBJ A line-item veto) (VP is (NP-PRD (NP a procedure) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP allow (S (NP-SBJ-2 a president) (VP to (VP veto (NP (NP part) (PP of (NP a big congressional spending bill))) (PP without (S-NOM (NP-SBJ-3 *-2) (VP having (S (NP-SBJ *-3) (VP to (VP scuttle (NP the entire measure)))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Bush) (VP has (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP would (VP like (S (NP-SBJ-2 *-1) (VP to (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP use (NP this procedure)))))))))))))) .)) (TOP (S (NP-SBJ A White House spokesman) (VP said (NP-TMP last week) (SBAR that (S (NP-SBJ-1 the president) (VP is (VP considering (S (NP-SBJ-2 *-1) (VP declaring (SBAR that (S (NP-SBJ the Constitution) (ADVP-MNR implicitly) (VP gives (NP him) (NP (NP the authority) (PP for (NP a line-item veto)))))) (S-PRP (NP-SBJ *-2) (VP to (VP provoke (NP a test case))))))))))) .)) (TOP (S But (NP-SBJ (NP the two legal experts) , (VP responding (PP-CLR to (NP (NP an inquiry) (PP by (NP (NP Sen. Edward Kennedy) (PRN -LRB- (NP D.) , (NP-LOC Mass.) -RRB- ,))))))) (VP wrote (PP-LOC in (NP a joint letter)) (SBAR that (S (NP-SBJ the president) `` (VP lacks (NP the constitutional authority (S (NP-SBJ *) (VP to (VP exercise (NP a line-item veto))))))))) . '')) (TOP (S (S (NP-SBJ The two professors) (VP represent (NP (NP different ends) (PP of (NP the political spectrum))))) -- (S (S (NP-SBJ Mr. Kurland) (VP is (NP-PRD a conservative))) and (S (NP-SBJ Mr. Tribe) (VP is (NP-PRD a liberal)))) .)) (TOP (S (NP-SBJ The two professors) (VP said (SBAR 0 (S (NP-SBJ the Constitution) (VP authorizes (S (NP-SBJ the president) (VP to (VP veto (NP (NP entire bills) , not (NP partial measures))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ they) (VP said (SBAR 0 (S (S (NP-SBJ (NP the first appropriations bill) (VP passed (NP *) (ADVP-TMP (NP 200 years) ago))) (VP covered (NP many different items))) , and (S (NP-SBJ there) (VP was (NP-PRD (NP no discussion) (PP of (NP a line-item veto)))))))) .)) (TOP (S (S (NP-SBJ They) (ADVP also) (VP said (SBAR that (S (NP-SBJ (NP (QP more than a dozen) presidents) (PP-TMP *PPA*-1)) (VP have (VP called (PP-CLR for (NP line-item veto authority)) (PP-TMP-1 since (NP the Civil War)))))))) , and `` (S (NP-SBJ all) (VP have (VP shared (NP the view (SBAR that (S (NP-SBJ such lawmaking power) (VP is (PP-PRD beyond (NP (NP the reach) '' (PP of (NP the president))))))))))) .)) (TOP (S (NP-SBJ Sen. Kennedy) (VP said (PP-LOC in (NP a separate statement)) (SBAR (SBAR that (S (NP-SBJ he) (VP supports (NP (NP legislation) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP give (NP the president) (NP line-item veto power) (ADVP *T*-2))))))))) , but (SBAR that (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP would (VP be (NP-PRD (NP a `` reckless course) (PP of (NP action)) '') (SBAR-1 for (S (NP-SBJ President Bush) (VP to (VP claim (NP the authority) (PP without (NP congressional approval)))))))))))) .)) (TOP (S (NP-SBJ Trinity Industries Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP reached (NP a preliminary agreement (S (NP-SBJ *) (VP to (VP sell (NP 500 railcar platforms) (PP-DTV to (NP (NP Trailer Train Co.) (PP of (NP Chicago)))))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Trinity) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP begin (NP delivery) (PP-TMP in (NP (NP the first quarter) (PP of (NP next year))))))))))) .)) (TOP (S (PP-LOC In (NP (NP an Oct. 19 review) (PP of (NP `` (NP-TTL The Misanthrope) '' (PP-LOC at (NP (NP Chicago 's) Goodman Theatre)))) (PRN -LRB- `` (S-HLN (NP-SBJ Revitalized Classics) (VP Take (NP the Stage) (PP-LOC in (NP Windy City)))) , '' (NP-TMP Leisure & Arts) -RRB-))) , (NP-SBJ-2 (NP (NP the role) (PP of (NP Celimene))) , (VP played (NP *) (PP by (NP-LGS Kim Cattrall))) ,) (VP was (VP (ADVP-MNR mistakenly) attributed (NP *-2) (PP-CLR to (NP Christina Haag)))) .)) (TOP (S (NP-SBJ Ms. Haag) (VP plays (NP Elianti)) .)) (TOP (S (NP-SBJ Rolls-Royce Motor Cars Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ its U.S. sales) (VP to (VP remain (ADJP-PRD steady) (PP-LOC-CLR at (NP (QP about 1,200) cars)) (PP-TMP in (NP 1990))))))))) .)) (TOP (S (NP-SBJ The luxury auto maker) (NP-TMP last year) (VP sold (NP 1,214 cars) (PP-LOC in (NP the U.S.))))) (TOP (S (NP-SBJ (NP Howard Mosher) , (NP (NP president) and (NP chief executive officer)) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP anticipates (NP (NP growth) (PP for (NP the luxury auto maker)) (PP-LOC (PP in (NP Britain and Europe)) , and (PP in (NP (ADJP Far Eastern) markets)))))))) .)) (TOP (S (NP-SBJ BELL INDUSTRIES Inc.) (VP increased (NP its quarterly) (PP-DIR to (NP 10 cents)) (PP-DIR from (NP (NP seven cents) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ The new rate) (VP will (VP be (ADJP-PRD payable (NP-TMP Feb. 15)))) .)) (TOP (S (NP-SBJ-1 A record date) (VP has n't (VP been (VP set (NP *-1)))) .)) (TOP (S (NP-SBJ (NP Bell) , (VP based (NP *) (PP-LOC-CLR in (NP Los Angeles))) ,) (VP makes and distributes (NP (UCP electronic , computer and building) products)) .)) (TOP (S (NP-SBJ Investors) (VP are (VP appealing (PP-CLR to (NP-1 the Securities and Exchange Commission)) (S-CLR (NP-SBJ *-1) not (VP to (VP limit (NP (NP their access) (PP to (NP (NP information) (PP about (NP (NP stock purchases and sales) (PP by (NP corporate insiders)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ A SEC proposal (S (NP-SBJ *) (VP to (VP ease (NP (NP reporting requirements) (PP for (NP some company executives))))))) (VP would (VP undermine (NP (NP the usefulness) (PP of (NP (NP information) (PP on (NP insider trades)))) (PP as (NP a stock-picking tool)))))) , (NP-SBJ (NP individual investors) and (NP professional money managers)) (VP contend (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ They) (VP make (NP the argument) (PP-LOC in (NP (NP letters) (PP to (NP the agency)) (PP about (NP (NP rule changes) (VP proposed (NP *) (NP-TMP this past summer)) (SBAR (WHNP-1 that) , (S (PP-LOC among (NP other things)) , (NP-SBJ *T*-1) (VP would (VP exempt (NP-2 many middle-management executives) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP reporting (NP (NP trades) (PP-LOC in (NP (NP their own companies ') shares))))))))))))))) .)) (TOP (S (NP-SBJ The proposed changes) (ADVP also) (VP would (VP allow (S (NP-SBJ executives) (VP to (VP report (NP (NP exercises) (PP of (NP options))) (ADVP-TMP (ADVP later) and (ADVP less often))))))) .)) (TOP (S (NP-SBJ (NP Many) (PP of (NP the letters))) (VP maintain (SBAR that (S (S (NP-SBJ investor confidence) (VP has (VP been (VP (ADVP so) shaken (PP by (NP-LGS the 1987 stock market crash)) (SBAR *RNR*-1))))) -- and (S (NP-SBJ-3 the markets) (ADVP-TMP already) (VP (ADVP so) stacked (NP *-3) (PP against (NP the little guy)) (SBAR *RNR*-1))) -- (SBAR-1 that (S (NP-SBJ (NP any decrease) (PP-LOC in (NP (NP information) (PP on (NP insider-trading patterns))))) (VP might (VP prompt (S (NP-SBJ individuals) (VP to (VP get (ADVP-DIR out (PP of (NP stocks))) (ADVP altogether))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The SEC) (VP has (ADVP historically) (VP paid (NP obeisance) (PP-CLR to (NP (NP the ideal) (PP of (NP a level playing field))))))) , '' (VP wrote (S *T*-1)) (NP-SBJ (NP Clyde S. McGregor) (PP of (NP (NP Winnetka) , (NP Ill.) ,))) (PP-LOC in (NP (NP one) (PP of (NP (NP the 92 letters) (SBAR (WHNP-3 0) (S (NP-SBJ the agency) (VP has (VP received (NP *T*-3) (SBAR-TMP since (S (NP-SBJ-2 the changes) (VP were (VP proposed (NP *-2) (NP-TMP Aug. 17))))))))))))) .)) (TOP (S `` (ADVP Apparently) (NP-SBJ the commission) (VP did not (ADVP really) (VP believe (PP-CLR in (NP this ideal)))) . '')) (TOP (S (ADVP-TMP Currently) , (NP-SBJ the rules) (VP force (S (NP-SBJ (NP executives) , (NP directors) and (NP other corporate insiders)) (VP to (VP report (NP (NP purchases and sales) (PP of (NP (NP their companies ') shares))) (PP-TMP within (NP (NP (QP about a) month) (PP-TMP after (NP the transaction)))))))) .)) (TOP (S But (NP-SBJ (NP (QP about 25) %) (PP of (NP the insiders))) , (PP according (PP to (NP SEC figures))) , (VP file (NP their reports) (ADVP-TMP late)) .)) (TOP (SINV (S-TPC-4 (NP-SBJ-3 The changes) (VP were (VP proposed (NP *-3) (PP-LOC in (NP an effort (S (NP-SBJ *) (VP to (VP (VP streamline (NP federal bureaucracy)) and (VP boost (NP (NP compliance) (PP by (NP (NP the executives) `` (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (ADVP really) (VP calling (NP the shots))))))))))))))))) , '' (VP said (SBAR 0 (S *T*-4))) (NP-SBJ (NP Brian Lane) , (NP (NP special counsel) (PP-LOC at (NP (NP (NP (NP the SEC 's) office) (PP of (NP disclosure policy))) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP proposed (NP the changes)))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ-2 (NP Investors) , (NP money managers) and (NP corporate officials)) (VP had (PP-TMP-CLR until (NP today)) (S (NP-SBJ *-2) (VP to (VP comment (PP-CLR on (NP the proposals))))))) , and (S (NP-SBJ the issue) (VP has (VP produced (NP (NP more mail) (PP than (NP (NP (ADJP almost any) other issue) (PP-LOC in (NP memory))))))))) , (NP-SBJ Mr. Lane) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ The SEC) (VP will (ADVP probably) (VP vote (PP-CLR on (NP the proposal)) (NP-TMP early next year)))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Not all those) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP wrote)))) (VP oppose (NP the changes)) .)) (TOP (S (NP-SBJ (NP The Committee) (PP on (NP (NP Federal Regulation) (PP of (NP Securities)))) (PP for (NP the American Bar Association))) (VP argues , (PP for (NP example)) , (PP-LOC in (NP (NP its lengthy letter) (PP to (NP the SEC)))) , (SBAR that (S (NP-SBJ-1 the proposed changes) `` (VP would (VP (ADVP-MNR substantially) improve (NP the (PRN -LCB- law -RCB-)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP conforming (NP it) (ADVP-MNR more closely) (PP-CLR to (NP contemporary business realities)))))))))) . '')) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ (NP the investors) (SBAR (WHNP-4 who) (S (NP-SBJ *T*-4) (VP oppose (NP the proposed changes))))) (VP object (PP-CLR to (NP *T*-1)) (ADVP most)))) (VP is (NP-PRD (NP the effect) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP say (SBAR 0 (S (NP-SBJ the proposal) (VP would (VP have (NP *T*-2) (PP-CLR on (NP their ability (S (NP-SBJ *) (VP to (VP spot (NP (NP (NP telltale `` clusters '') (PP of (NP trading activity))) -- (NP (NP buying or selling) (PP by (NP (QP more than one) officer or director)) (PP-TMP within (NP (NP a short period) (PP of (NP time)))))))))))))))))))) .)) (TOP (S (PP According (PP to (NP some estimates))) , (NP-SBJ the rule changes) (VP would (VP cut (NP insider filings) (PP-EXT by (NP (NP more) (PP than (NP a third)))))) .)) (TOP (S (NP-SBJ (NP The SEC 's) Mr. Lane) (VP (ADVP-MNR vehemently) disputed (NP those estimates)) .)) (TOP (S (S-TPC-1 (NP-SBJ The rules) (VP will (VP eliminate (NP (NP filings policy-making divisions) , (PP such as (NP (NP sales) , (NP marketing) , (NP finance) and (NP research and development))))))) , (NP-SBJ Mr. Lane) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ The proposed rules) (ADVP also) (VP would (VP be (ADJP-PRD tougher (PP on (NP (NP the insiders) (VP (ADVP-TMP still) required (S (NP-SBJ *) (VP to (VP file (NP reports))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 Companies) (VP would (VP be (VP compelled (S (NP-SBJ *-1) (VP to (VP publish (PP-LOC in (NP annual proxy statements)) (NP (NP the names) (PP of (NP (NP insiders) (SBAR (WHNP-5 who) (S (NP-SBJ-3 *T*-5) (VP fail (S (NP-SBJ *-3) (VP to (VP file (NP reports) (PP-TMP on (NP time))))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Considered (PP-CLR as (NP a whole)))) (PRN , (S (NP-SBJ Mr. Lane) (VP said)) ,) (NP-SBJ-1 (NP the filings) (VP required (NP *) (PP-LOC under (NP the proposed rules)))) `` (VP will (VP be (ADJP-PRD (ADVP at least as) effective (PRN , (SBAR-ADV if (FRAG not (ADVP more so))) ,)) (PP for (NP (NP investors) (VP following (NP transactions)))))) . '')) (TOP (S But (NP-SBJ (NP Robert Gabele) , (NP (NP president) (PP of (NP (NP Invest/Net) , (NP (NP a (NAC-LOC North Miami , Fla. ,) company) (SBAR (WHNP-6 that) (S (NP-SBJ *T*-6) (VP packages and sells (NP the insider-trading data)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ-4 the proposal) (VP is (VP worded (NP *-4) (ADVP-MNR (ADVP so vaguely) (SBAR that (S (NP-SBJ-1 key officials) (VP may (VP fail (S (NP-SBJ *-1) (VP to (VP file (NP the reports)))))))))))))) .)) (TOP (S (NP-SBJ-2 Many investors) (VP wrote (S-ADV (NP-SBJ *-2) (VP asking (NP-3 the SEC) (S (NP-SBJ *-3) (VP to (VP require (S (NP-SBJ insiders) (VP to (VP report (NP their purchases and sales) (ADVP-TMP (ADVP immediately) , not (ADVP (NP a month) later))))))))))) .)) (TOP (S But (NP-SBJ Mr. Lane) (VP said (SBAR that (S (SBAR-ADV while (S (NP-SBJ the SEC) (VP regulates (SBAR-NOM (WHNP-7 who) (S (NP-SBJ *T*-7) (VP files)))))) , (NP-SBJ the law) (VP tells (NP them) (SBAR (WHADVP-1 when) (S (NP-SBJ *) (VP to (VP do (ADVP-PRD so) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Investors) (SBAR (WHNP-8 who) (S (NP-SBJ-1 *T*-8) (VP want (S (NP-SBJ *-1) (VP to (VP change (NP the required timing)))))))) (VP should (VP write (NP (NP their representatives) (PP-LOC in (NP Congress)))))) , (NP-SBJ he) (VP added (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ The SEC) (VP would (ADVP likely) (VP be (ADJP-PRD amenable (PP to (NP (NP legislation) (SBAR (WHNP-9 that) (S (NP-SBJ *T*-9) (VP required (S (NP-SBJ insiders) (VP to (VP file (NP transactions) (PP-MNR on (NP a (ADJP more timely) basis)))))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP (NP The nation 's) largest pension fund) , (SBAR (WHNP-10 which) (S (NP-SBJ *T*-10) (VP oversees (NP (QP $ 80 billion) *U*) (PP-PRP for (NP college employees))))) ,) (VP plans (S (NP-SBJ *-1) (VP to (VP offer (NP two new investment options) (PP-DTV to (NP its (QP 1.2 million) participants)))))) .)) (TOP (S (NP-SBJ The Teachers Insurance and Annuity Association-College Retirement Equities Fund) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP introduce (NP (NP (NP a stock and bond fund) (SBAR (WHNP-11 that) (S (NP-SBJ *T*-11) (VP will (VP invest (PP-CLR in (NP `` (ADJP socially responsible) '' companies))))))) , and (NP a bond fund))))))) .)) (TOP (S (NP-SBJ-1 Both funds) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP begin (NP operation) (PP-TMP around (NP March 1)) , (ADJP-ADV subject (PP to (NP Securities and Exchange Commission approval)))))))) .)) (TOP (S (SBAR-ADV For (S (NP-SBJ its employees) (VP to (VP sign (PRT up) (PP-CLR for (NP the options)))))) , (NP-SBJ a college) (ADVP also) (VP must (VP approve (NP the plan))) .)) (TOP (S (NP-SBJ (QP Some 4,300) institutions) (VP are (NP-PRD (NP part) (PP of (NP the pension fund)))) .)) (TOP (S (NP-SBJ The new options) (VP carry (PRT out) (NP (NP part) (PP of (NP (NP an agreement) (SBAR (WHNP-12 that) (S (NP-SBJ-1 the pension fund) , (S-ADV (NP-SBJ *-1) (PP-PRD under (NP pressure (S (NP-SBJ *) (VP (VP to (VP relax (NP its strict participation rules))) and (VP to (VP provide (NP more investment options)))))))) , (VP reached (NP *T*-12) (PP with (NP the SEC)) (PP-TMP in (NP December))))))))) .)) (TOP (S (NP-SBJ The new `` social choice '' fund) (VP will (VP shun (NP (NP securities) (PP of (NP (NP-1 companies) (VP linked (NP *-1) (PP-CLR to (NP (NP South Africa) , (NP nuclear power) and (PP-LOC in (NP some cases)) , (NP Northern Ireland))))))))) .)) (TOP (SINV (ADVP Also) (VP-TPC-2 excluded (NP *-1)) (VP will (VP be (VP *T*-2))) (NP-SBJ-1 (NP investments) (PP in (NP (NP companies) (PP with (NP (NP `` significant '' business) (VP stemming (PP-CLR from (NP (NP weapons manufacture) , (NP alcoholic beverages) or (NP tobacco))))))))) .)) (TOP (S (NP-SBJ-5 (NP Sixty percent) (PP of (NP the fund))) (VP will (VP be (VP invested (NP *-5) (PP-LOC-CLR in (NP stocks)) , (PP with (S-NOM (NP-SBJ the rest) (VP going (PP-DIR into (NP (NP bonds) or (NP short-term investments))))))))) .)) (TOP (S (NP-SBJ The bond fund) (VP will (VP invest (PP-CLR in (NP (NP (ADJP high-grade or medium-grade) bonds) , (NP mortgages) or (NP (NP asset-backed securities) , (PP including (NP (NP (QP as much as 15) %) (PP-LOC in (NP foreign securities))))))))) .)) (TOP (S (NP-SBJ The fund) (ADVP also) (VP might (VP buy and sell (NP futures and options contracts) , (ADJP-ADV subject (PP to (NP (NP approval) (PP by (NP the New York State Insurance Department))))))) .)) (TOP (S (PP-LOC Under (NP two new features)) , (NP-SBJ-1 participants) (VP will (VP be (ADJP able (S (NP-SBJ *-1) (VP to (VP (VP transfer (NP money) (PP-DIR from (NP the new funds)) (PP-DIR to (NP other investment funds))) or (VP (PRN , (SBAR-ADV if (S (NP-SBJ-6 their jobs) (VP are (VP terminated (NP *-6))))) ,) receive (NP cash) (PP-DIR from (NP the funds))))))))) .)) (TOP (S (NP-SBJ-7 (NP The investment choices) (VP offered (NP *) (PP by (NP-LGS the pension fund)))) (ADVP-TMP currently) (VP are (VP limited (NP *-7) (PP-CLR to (NP (NP a stock fund) , (NP an annuity) and (NP a money-market fund))))) .)) (TOP (S (NP-SBJ (NP New Brunswick Scientific Co.) , (NP (NP a maker) (PP of (NP biotechnology instrumentation and equipment))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP adopted (NP (NP an anti-takeover plan) (VP giving (NP shareholders) (NP the right (S (NP-SBJ *) (VP to (VP purchase (NP shares) (PP at (NP half price)) (PP-TMP under (NP certain conditions)))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 the plan) , (S-ADV (NP-SBJ *-1) (PP-PRD under (NP review)) (PP-TMP for (NP some time))) , (VP will (VP protect (NP shareholders) (PP-CLR against `` (NP abusive takeover tactics))))))) .)) (TOP (S (NP-SBJ-8 (NP W. Ed Tyler) , (ADJP (NP 37 years) old) , (NP (NP a senior vice president) (PP-LOC at (NP this printing concern))) ,) (VP was (VP elected (S (NP-SBJ *-8) (NP-PRD (NP (NP president) (PP of (NP its technology group))) , (NP a new position))))) .)) (TOP (S (NP-SBJ-1 Solo woodwind players) (VP have (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD creative)))) (SBAR-ADV if (S (NP-SBJ-2 they) (VP want (S (NP-SBJ *-2) (VP to (VP work (NP-ADV a lot))))))) , (SBAR-PRP because (S (NP-SBJ their repertoire and audience appeal) (VP are (ADJP-PRD limited))))) .)) (TOP (S (S (NP-SBJ The oboist Heinz Holliger) (VP has (VP taken (NP a hard line) (PP about (NP the problem))))) : (S (NP-SBJ He) (VP (VP (VP commissions (NP *RNR*-2)) and (VP (ADVP-MNR splendidly) interprets (NP *RNR*-2)) (NP-2 fearsome contemporary scores)) and (VP does (NP some conducting)) , (SBAR-PRP so (S (NP-SBJ-1 he) (VP does n't (VP have (S (NP-SBJ *-1) (VP to (VP play (NP the same Mozart and Strauss concertos) (ADVP over and over) (ADVP-TMP again)))))))))) .)) (TOP (S (NP-SBJ Richard Stoltzman) (VP has (VP taken (NP a gentler , (ADJP more audience-friendly) approach))) .)) (TOP (S (ADVP-TMP (NP Years) ago) , (NP-SBJ he) (VP collaborated (PP-CLR with (NP (NP the new music gurus) (NP (NP Peter Serkin) and (NP Fred Sherry)))) (PP-LOC in (NP (NP (NP the (ADJP very countercultural) chamber group) (NP Tashi)) , (SBAR (WHNP-13 which) (S (NP-SBJ *T*-13) (VP won (NP audiences) (ADVP-CLR over (PP to (NP (NP dreaded contemporary scores) (PP like (NP (NP Messiaen 's) `` (NX-TTL (NP Quartet) (PP for (NP (NP the End) (PP of (NP Time)))))))))))))))) . '')) (TOP (S (NP-TMP Today) , (NP-SBJ the pixie-like clarinetist) (VP (VP has (ADVP mostly) (VP dropped (NP the missionary work) (PRN -LRB- (SBAR-ADV though (S (NP-SBJ (NP a touch) (PP of (NP the old Tashi))) (ADVP-TMP still) (VP survives))) -RRB-))) and (ADVP-TMP now) (VP goes (PP-CLR on (NP the road)) (PP with (NP (NP piano) , (NP bass) , (NP a slide show) , and (NP (NP a repertoire) (SBAR (WHNP-14 that) (S (NP-SBJ *T*-14) (VP ranges (PP-DIR (PP from (NP light classical)) (PP to (NP light jazz)) (PP to (NP light pop))) , (PP with (NP a few notable exceptions)))))))))) .)) (TOP (FRAG (NP Just the thing) (PP for (NP (NP the Vivaldi-at-brunch set) , (NP (NP the yuppie audience) (SBAR (WHNP-15 that) (S (NP-SBJ *T*-15) (VP has (VP embraced (NP New Age) (PP-CLR as (NP its (ADJP very own) easy listening))))))))) .)) (TOP (S But (NP-SBJ you) (VP ca n't (VP dismiss (NP (NP (NP Mr. Stoltzman 's) music) or (NP his motives)) (PP-CLR as (ADJP merely commercial and lightweight)))) .)) (TOP (S (S (NP-SBJ He) (VP believes (PP-CLR in (SBAR-NOM (WHNP-16 what) (S (NP-SBJ he) (VP plays (NP *T*-16))))))) , and (S (NP-SBJ he) (VP plays (ADVP-MNR superbly))) .)) (TOP (S (NP-SBJ (NP His recent appearance) (PP-LOC at (NP the Metropolitan Museum)) , (VP dubbed (S (NP-SBJ *) `` (NP-TTL-PRD A Musical Odyssey) , ''))) (VP was (NP-PRD (NP a case) (PP in (NP point)))) .)) (TOP (S (NP-SBJ It) (VP felt (PP-CLR (PP (ADVP more) like (NP (NP a party) , or (NP (NP a (ADJP highly polished) jam session) (PP with (NP a few friends))) ,)) (PP than (NP a classical concert)))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Clad (PP-CLR in (NP his trademark black velvet suit)))) , (NP-SBJ-1 the soft-spoken clarinetist) (VP announced (SBAR (SBAR that (S (NP-SBJ-9 (NP his new album) , `` (NP-TTL Inner Voices) , '') (VP had (ADVP just) (VP been (VP released (NP *-9)))))) , (SBAR that (S (NP-SBJ his family) (VP was (PP-LOC-PRD in (NP the front row))))) , and (SBAR that (S (S (NP-SBJ it) (VP was (NP-PRD (NP his mother 's) birthday))) , so (S (NP-SBJ-2 he) (VP was (VP going (S (NP-SBJ *-2) (VP to (VP play (NP (NP her favorite tune) (PP from (NP the record))))))))))))) .)) (TOP (S (NP-SBJ He) (VP launched (PP-DIR into (NP (NP (NP (NP Saint-Saens 's) `` (NX-TTL The Swan) '') (PP from `` (NP-TTL (NP Carnival) (PP of (NP the Animals))))) , '' (NP (NP a favorite encore piece) (PP for (NP cellists))) ,)) (PP with (NP (NP lovely , glossy tone) and (NP no bite)))) .)) (TOP (S Then , (SBAR-ADV as if (S (NP-SBJ *-1) (VP to (VP show (SBAR that (S (NP-SBJ he) (VP could (VP play (ADVP-MNR fast) (ADVP as well))))))))) , (NP-SBJ-1 he) (VP offered (NP (NP (NP the second movement) (PP from (NP (NP Saint-Saens 's) (NX-TTL (NP Sonata) (PP for (NP Clarinet)))))) , (NP (NP a whimsical , puckish tidbit) (SBAR (WHNP-17 that) (S (NP-SBJ *T*-17) (VP reflected (NP (NP the flip side) (PP of (NP the Stoltzman personality))))))))) .)) (TOP (UCP (S And (ADVP-TPC-1 so) (NP-SBJ it) (VP went (ADVP-PRD *T*-1) (PP-TMP through (NP the first half)))) : (NP (NP an (ADJP ingeniously chosen) potpourri) (PP of (NP (NP pieces) , (NP (NP (NP none) (ADJP longer (PP than (NP five minutes)))) , (NP (NP none) (SBAR (WHNP-18 that) (S (NP-SBJ *T*-18) (VP would (VP disturb or challenge (NP a listener)))))))))) .)) (TOP (S (NP-SBJ Mr. Stoltzman) (VP introduced (NP (NP his colleagues) : (NP (NP (NP Bill Douglas) , (NP (NP pianist/bassoonist/composer) and (NP (NP an old buddy) (PP from (NP Yale))))) , and (NP jazz bassist Eddie Gomez)))) .)) (TOP (S (NP-SBJ-10 An improvisational section) (VP was (VP built (NP *-10) (PP-CLR around (NP (NP pieces) (PP by (NP Mr. Douglas)))) , (PP beginning (PP with (NP `` (NP-TTL Golden Rain) , '' (NP (NP a lilting , laid-back lead) (PP in (PP to (NP (NP the uptempo `` (NX-TTL Sky)) , '' (SBAR (WHNP-19 which) (S (NP-SBJ *T*-19) (VP gave (NP Mr. Stoltzman) (NP the opportunity (S (NP-SBJ *) (VP to (VP (VP wail (PP in (NP a high register))) and (VP show (PRT off) (NP his fleet fingers)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Bach 's) `` (NX-TTL Air) '') (VP followed) .)) (TOP (S (NP-SBJ-4 Mr. Stoltzman) (VP (VP tied (NP the composer) (PRT in) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP proclaiming (S (NP-SBJ him) `` (NP-PRD (NP the great improviser) (PP of (NP the 18th century)))))))) , '' and then (VP built (PP-CLR on (NP the image)) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP joining (PP-CLR with (NP Mr. Douglas)) (PP-LOC in (NP (NP some Bach two-part inventions) , (VP (ADVP-MNR cleverly) arranged (NP *) (PP for (NP clarinet and bassoon)) (PP by (NP-LGS Mr. Douglas)))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Keeping (S (NP-SBJ the mood) (ADJP-PRD light)))) , (NP-SBJ-1 the two) (ADVP-TMP then) (VP (VP chanted and chortled (NP their way) (PP-DIR through (NP (NP some murderous polyrhythms) , (VP devised (NP *) (PP by (NP-LGS Mr. Douglas)) (PP as (NP (NP an alternative) (PP to (NP (NP Hindemith 's) dry theory-teaching techniques)))))))) , and then , (VP (PP with (NP Mr. Gomez)) , (VP soared) and (VP improvised (PP-CLR on (NP (NP the composer 's) tight `` (NX-TTL Bebop Etudes)))))) . '')) (TOP (S (NP-SBJ (NP The end) (PP of (NP the first half))) , (ADVP however) , (VP brought (NP (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 the standing-room-only crowd) (VP seemed (S (NP-SBJ *-2) (VP to (VP be (VP waiting (PP-CLR for (NP *T*-1))))))))) : (NP (NP (NP the pop singer) (NP Judy Collins)) , (SBAR (WHNP-20 who) (S (NP-SBJ *T*-20) (VP appears (PP-LOC on `` (NP-TTL Inner Voices)))))))) . '')) (TOP (S (S-ADV (NP-SBJ *-2) (ADJP-PRD (ADJP Glamorous and pure-voiced) (PP as (ADVP-TMP ever)))) , (NP-SBJ-2 Ms. Collins) (VP sang (NP (NP (NP (NP Joni Mitchell 's) `` (PP-TTL For (ADJP Free)) '') (PRN -- (PP about (NP (NP an encounter) (PP with (NP a street-corner clarinetist)))) , (SBAR (WHPP-1 to (WHNP which)) (S (NP-SBJ Mr. Stoltzman) (VP contributed (NP a clarinet obligatto) (PP-CLR *T*-1)))) --)) and (NP (NP (NP Mr. Douglas 's) lush setting) (PP of (NP (NP a Gaelic blessing) , `` (NP-TTL Deep Peace)))))) . '')) (TOP (S `` (NP-TTL-SBJ Deep Peace) '' (ADVP also) (VP featured (NP (NP a slide show) (PP of (NP (NP (ADJP lovely but predictable) images) (PP of (NP clouds , beaches , deserts , sunsets , etc)))))) .)) (TOP (S (S (NP-SBJ It) (VP was (ADJP-PRD all too mellow (SBAR (WHNP-2 0) (S (NP-SBJ-11 *T*-2) (VP to (VP be (VP believed (NP *-11))))))))) , but (S (NP-SBJ they) (ADVP probably) (VP would (VP have (VP gotten (PRT away) (PP-CLR with (NP it)) , (SBAR-ADV (SINV had (NP-SBJ-1 they) not (VP felt (VP compelled (S (NP-SBJ *-1) (VP to (VP (VP add (NP (NP (NP Ms. Collins 's) signature tune) , `` (NP-TTL Amazing Grace) , '')) and (VP ask (PP-CLR for (NP audience participation)))))))))))))) .)) (TOP (S (NP-SBJ That) (VP went (PP-DIR over (NP (NP the permissible line) (PP for (NP (ADJP warm and fuzzy) feelings))))) .)) (TOP (SQ Was (NP-SBJ this) (SBAR-PRD (WHADVP-1 why) (S (NP-SBJ (NP some) (PP of (NP the audience))) (VP departed (ADVP-PRP *T*-1) (PP-TMP before or during (NP the second half))))) ?)) (TOP (SQ Or was (NP-SBJ it) (SBAR-PRP-PRD because (S (NP-SBJ Ms. Collins) (VP had (VP gone)))) ?)) (TOP (S (NP-ADV Either way) (NP-SBJ it) (VP was (NP-PRD a pity) , (SBAR-PRP because (S (NP-SBJ Mr. Stolzman) (VP offered (NP (NP (NP the (ADJP most substantial) music) (PP of (NP the evening))) (NP *ICH*-1)) (PP-TMP (ADVP just) after (NP intermission)) : (NP-1 (NP (NP Steve Reich 's) `` (NX-TTL New York Counterpoint)) , '' (NP (NP one) (PP of (NP (NP a series) (PP of (NP (NP Reich works) (SBAR (WHNP-21 that) (S (NP-SBJ *T*-21) (VP juxtapose (NP a live performer) (PP-CLR with (NP (NP recorded tracks) (PP of (NP (ADJP his or her) own playing))))))))))))))))) .)) (TOP (S -LRB- (NP-SBJ (NP (NP Mr. Reich 's) new `` (NX-TTL Different Trains) '') (PP for (NP string quartet))) (VP uses (NP the technique) (ADVP-MNR magisterially)) . -RRB-)) (TOP (S (S (NP-SBJ Mr. Stoltzman) (VP must (VP have (VP worried (SBAR that (S (NP-SBJ-1 his audience) (VP might not (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP take (NP it))))))))))))) : (S (NP-SBJ He) (VP warned (NP us) (PP-TMP in (NP advance)) (SBAR that (S `` (NP-TTL-SBJ New York Counterpoint) '' (VP lasts (NP-TMP (QP 11 1) minutes)))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (ADVP unfortunately) (VP illustrated (NP this intricate , jazzy tapestry) (PP with (NP (NP (NP Mr. Pearson 's) images) , (NP (NP this time) (PP of (NP (UCP geometric or repeating) objects))) ,)) (PP-LOC in (NP (NP a kitschy mirroring) (PP of (NP the musical structure)) (SBAR (WHNP-22 that) (S (NP-SBJ *T*-22) (VP was (VP (ADVP thoroughly) distracting (PP-CLR from (NP (NP (NP Mr. Reich 's) piece) and (NP (NP (NP Mr. Stoltzman 's) elegant execution) (PP of (NP it)))))))))))) .)) (TOP (S (NP-SBJ (NP The rest) (PP of (NP the concert))) (VP was (NP-PRD (NP (NP (NP more straight jazz) and (NP mellow sounds)) (VP written (NP *) (PP by (NP-LGS (NP Charlie Parker) , (NP Ornette Coleman) , (NP Bill Douglas) and (NP Eddie Gomez))))) , (PP with (NP (NP pictures) (PP for (NP the Douglas pieces)))))) .)) (TOP (S (S (NP-SBJ (NP It) (S *EXP*-1)) (VP was (ADJP-PRD enjoyable) (S-1 (NP-SBJ-2 *) (VP to (VP hear (NP accomplished jazz) (PP without (S-NOM (NP-SBJ-3 *-2) (VP having (S (NP-SBJ *-3) (VP to (VP sit (PP-LOC-CLR in (NP a smoke-filled club))))))))))))) , but (S (PP like (NP the first half)) , (NP-SBJ (NP much) (PP of (NP it))) (VP was (ADJP-PRD (ADJP easy (SBAR (WHNP-4 0) (S (NP-SBJ *) (VP to (VP take (NP *T*-4)))))) and (ADJP ultimately forgettable)))) .)) (TOP (SQ Is (NP-SBJ this) (NP-PRD (NP the future) (PP of (NP chamber music))) ?)) (TOP (S (S (NP-SBJ Managers and presenters) (VP insist (SBAR that (S (NP-SBJ chamber music concerts) (VP are (NP-PRD a hard sell)))))) , but (SQ can (NP-SBJ audiences) (ADVP really) (VP enjoy (NP them) (SBAR-ADV only if (S (NP-SBJ-1 the music) (VP is (VP (VP purged (NP *-1) (PP of (NP threatening elements))) , (VP served (NP *-1) (PRT up) (PP in (NP bite-sized morsels))) and (VP accompanied (NP *-1) (PP by (NP-LGS visuals)))))))) ?))) (TOP (SBARQ (WHNP-23 What) (SQ (NP-SBJ *T*-23) (VP 's (ADJP-PRD next))) ?)) (TOP (FRAG (NP (NP Slides) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP illustrate (NP Shostakovich quartets)))))) ?)) (TOP (S (NP-SBJ It) (VP was not (NP-PRD an unpleasant evening) , (ADVP certainly) , (NP-ADV (NP thanks) (PP to (NP (NP (NP the high level) (PP of (NP performance))) , (NP (NP the compositional talents) (PP of (NP Mr. Douglas))) , and (NP (NP the obvious sincerity) (SBAR (WHPP-1 with (WHNP which)) (S (NP-SBJ Mr. Stoltzman) (VP chooses (NP his selections) (PP *T*-1))))))))) .)) (TOP (S But (NP-SBJ it) (VP was (UCP-PRD (ADJP-PRD neither deep nor lasting) : (NP-PRD (NP light entertainment) (SBAR (WHNP-24 that) (S (NP-SBJ *T*-24) (VP was (NP-PRD (NP no substitute) (PP for (NP (NP an evening) (PP of (NP Brahms))))))))))) .)) (TOP (S (NP-SBJ Ms. Waleson) (VP is (NP (NP a free-lance writer) (VP based (NP *) (PP-LOC-CLR in (NP New York))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP (NP Ronald Reagan 's) attributes) (PP as (NP President))))) (VP was (SBAR-PRD that (S (NP-SBJ he) (ADVP-TMP rarely) (VP gave (NP his blessing) (PP-DTV to (NP (NP the claptrap) (SBAR (WHNP-25 that) (S (NP-SBJ *T*-25) (VP passes (PP-CLR for `` (NP consensus) '') (PP-LOC in (NP various international institutions))))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ he) (VP liberated (NP the U.S.) (PP-CLR from (NP (NP (NP one) (PP of (NP (NP the world 's) (ADJP most corrupt) organizations))) -- (NP UNESCO)))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP the U.N. group) (SBAR (WHNP-26 that) (S (NP-SBJ-1 *T*-26) (VP managed (S (NP-SBJ *-1) (VP to (VP traduce (NP (NP its own charter) (PP of (S-NOM (NP-SBJ *) (VP promoting (NP education , science and culture))))))))))))) .)) (TOP (S (ADVP-TMP Ever since) , (NP-SBJ the remaining members) (VP have (VP been (ADJP-PRD desperate (SBAR for (S (NP-SBJ the United States) (VP to (VP rejoin (NP this dreadful group)))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ UNESCO apologists) (VP are (VP lobbying (NP-1 President Bush) (S (NP-SBJ *-1) (VP to (VP renege (PP on (NP (NP President Reagan 's) decision (S (NP-SBJ *) (VP to (VP depart)))))))))) .)) (TOP (S But (NP-SBJ we) (VP can (VP think (PP-CLR of (NP (NP many reasons) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP stay (ADJP-PRD out) (ADVP-PRP *T*-1) (PP-TMP for (UCP (NP the foreseeable future) and (ADVP well beyond))))))))))) .)) (TOP (S (NP-SBJ The U.S.) , (PP along (PP with (NP Britain and Singapore))) , (VP left (NP the agency) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ its (NX (NX anti-Western ideology) , (NX financial corruption) and (NX top leadership))) (VP got (ADJP-PRD out (PP of (NP hand))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ (NP (NP The personal antics) (PP of (NP agency Director Amadou-Mahtar M'Bow))) (PP *ICH*-5)) (VP drew (NP much attention) , (PP-5 such as (SBAR (SBAR (WHADVP-1 when) (S (NP-SBJ-2 (NP several) (PP of (NP his top aides))) (VP were (VP (VP uncovered (NP *-2) (PP-CLR as (NP KGB plants))) and (VP ejected (NP *-2) (PP-DIR from (NP France))) (ADVP-TMP *T*-1))))) and (SBAR (WHADVP-3 when) (S (NP-SBJ-12 a mysterious office fire) (VP was (VP set (NP *-12) (SBAR-TMP (ADVP just) before (S (NP-SBJ Congress) (VP sent (NP (NP accountants) (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP to (VP trace (NP U.S. funds))))))))) (ADVP-TMP *T*-3)))))))) .)) (TOP (S (S (NP-SBJ Mr. M'Bow) (VP was (NP-PRD an extreme case))) , but (S (NP-SBJ-1 (NP even his replacement) , (NP (NP the (ADJP (ADVP more personally) genial) Spanish biochemist) (NP Federico Mayor)) ,) (VP has (VP had (NP little success) (PP at (S-NOM (NP-SBJ *-1) (VP achieving (NP reforms))))))) .)) (TOP (S (NP-SBJ (NP Several ridiculous projects) (PP *ICH*-1)) (VP continue , (PP-1 including (NP (NP the `` New International Economic Order) , '' (SBAR (WHNP-27 which) (S (NP-SBJ *T*-27) (VP means (NP (NP (NP redistributionism) (PP from (NP the West))) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP pay (PP-CLR for (NP (NP everyone else 's) statism))))))))))))) .)) (TOP (S (S (NP-SBJ The Orwellian `` (NX-TTL New World Information Order) '') (VP would (VP give (NP government officials) (NP (NP rights) (PP against (NP the press)))))) ; (S (NP-SBJ-1 journalists) (VP would (VP be (VP obliged (S (NP-SBJ *-1) (VP to (VP kowtow (PP-CLR to (NP (NP their government) , (SBAR (WHNP-28 which) (S (NP-SBJ *T*-28) (VP would (VP have (NP licensing and censorship powers and , indeed , duties (S (NP-SBJ *) (VP to (VP block (NP (NP printing) (PP of (NP `` wrong '' ideas)))))))))))))))))))) .)) (TOP (S (NP-SBJ UNESCO) (VP (ADVP-MNR somehow) converted (NP (NP the founding U.N. ideals) (PP of (NP individual rights and liberty))) (PP-CLR into `` (NP (NP peoples ') rights))) . '')) (TOP (S (NP-SBJ-13 (NP Million-dollar conferences) (SBAR *ICH*-2)) (VP were (VP held (NP *-13) (SBAR-2 (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP chew (PP-CLR on (NP (NP subjects) (PP such as (NP `` (NP (NP ethical responsibilities) (PP of (NP (NP scientists) (PP in (NP (NP support) (PP of (NP disarmament))))))) '' and `` (NP (NP the impact) (PP of (NP (NP the activities) (PP of (NP transnational corporations))))))))))))))) . '')) (TOP (S (NP-SBJ-1 The agency) (VP was (VP (ADVP so totally) subverted (NP *-1) (PP-CLR from (NP (NP the high principles) (PP of (NP its founding)))) (SBAR that (S (NP-SBJ even the Soviets) (ADVP-TMP now) (VP wonder (PP-CLR about (NP (NP an agency) (SBAR (WHNP-29 that) (S (NP-SBJ *T*-29) (VP seemed (ADJP-PRD so congenial) (PP to (NP them)))))))))))) .)) (TOP (S (S (NP-SBJ Glasnost) (VP may (VP be (ADJP-PRD partly responsible)))) , but (S (NP-SBJ Soviet Foreign Minister Eduard Shevardnadze) (NP-TMP last year) (VP admitted , `` (S (NP-SBJ The exaggerated ideological approach) (VP undermined (NP (NP tolerance) (ADJP intrinsic (PP to (NP UNESCO)))))))) . '')) (TOP (S (NP-SBJ UNESCO) (VP is (ADVP-TMP now) (VP holding (NP (NP its biennial meetings) (SBAR *ICH*-2)) (PP-LOC-CLR in (NP Paris)) (SBAR-2 (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP devise (NP its next projects))))))) .)) (TOP (S (S (NP-SBJ (NP Mr. Mayor 's) hope (SBAR that (S (NP-SBJ-1 (NP references) (PP to `` (NP press freedom) '')) (VP would (VP survive (S-ADV (NP-SBJ *-1) (ADJP-PRD unamended))))))) (VP seems (ADJP-PRD doomed (PP to (NP failure))))) ; (S (NP-SBJ the current phrasing) (VP is `` (S-PRD (NP-SBJ-2 *) (VP educating (NP the public and media) (S-PRP (NP-SBJ *-2) (VP to (VP avoid (NP manipulation)))))))) . '')) (TOP (S (NP-SBJ-1 He) (VP has n't (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP replace (NP the M'Bow cabal))))))) .)) (TOP (S (S (NP-SBJ Soviets) (VP remain (PP-PRD in (NP (NP charge) (PP of (NP education programs)))))) , (S (NP-SBJ (NP a former head) (PP of (NP (NP an African military tribunal) (PP for (NP executions))))) (VP is (PP-PRD in (NP (NP charge) (PP of (NP culture)))))) , and (S (NP-SBJ (NP a hard-line Polish communist) (PP-LOC in (NP exile))) (VP directs (NP the (UCP human-rights and peace) division))) .)) (TOP (S (PP-TPC-1 Of (NP (NP the agency 's) 2,750 staff members)) , (NP-SBJ-2 (NP 230) (PP *T*-1)) (VP are (PP-LOC-PRD in (NP the field)) (S-ADV (NP-SBJ *-2) (VP working (PP-CLR on (NP (NP actual projects) , (PP such as (NP (NP literacy) and (NP oceanographic research)))))))) .)) (TOP (S (NP-SBJ (NP The position) (PP of (NP (NP the United States) , (SBAR (WHNP-30 which) (S (NP-SBJ *T*-30) (ADVP-TMP once) (VP contributed (NP (NP 25 %) (PP of (NP the budget)))))) ,))) (VP is (SBAR-PRD that (S (NP-SBJ nothing) (VP has (VP changed))))) .)) (TOP (S (NP-SBJ (NP John Bolton) , (NP (NP the assistant secretary) (PP of (NP state)) (PP for (NP international organizations))) ,) (VP told (NP Congress) (SBAR that (S (NP-SBJ the continuing `` statist , restrictive , nondemocratic '' programs) (VP make (S (S-NOM-SBJ (NP-SBJ *) (VP rejoining (NP-TMP (NP any time) (ADVP-TMP soon)))) `` (ADJP-PRD extremely unlikely)))))) . '')) (TOP (S (NP-SBJ This) (VP has n't (VP (ADVP much) bothered (NP (NP the UNESCO delegates) , (SBAR (WHNP-31 who) (S (NP-SBJ-2 *T*-31) (NP-TMP last week) (VP could n't (ADVP even) (VP agree (S (NP-SBJ-3 *-2) (VP to (VP raise (NP funds) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP selling (PRT off) (NP (NP a fancy 19th-century French chateau) (SBAR (WHNP-1 0) (S (NP-SBJ the agency) (VP (ADVP-MNR somehow) owns (NP *T*-1)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Other countries) , (PP including (NP West Germany)) ,) (VP may (VP have (NP (NP a hard time) (S-NOM (NP-SBJ *) (VP justifying (NP continued membership)))))) .)) (TOP (S (NP-SBJ We) (VP see (NP (NP an (ADJP even stronger) argument) (PP against (NP UNESCO)) (PP than (NP (NP its unsurprising failure) (PP to (NP reform)))))) .)) (TOP (S (NP-SBJ This) (VP is (SBAR-PRD that (S (NP-SBJ (NP the Reagan Revolution) (VP spanning (NP (NP Eastern Europe) and (NP Tiananmen Square)))) (VP shows (NP (NP the power) (PP of (NP (NP ideas) (ADJP unencumbered (PP by (NP (NP international civil servants) or (NP government functionaries))))))))))) .)) (TOP (S (NP-SBJ (NP Free markets) , (NP free minds) and (NP free elections)) (VP have (NP (NP an appeal) (SBAR (WHNP-32 that) (S (NP-SBJ-1 *T*-32) (VP seems (S (NP-SBJ-3 *-1) (VP to (VP get (VP muddled (NP *-3) (SBAR-TMP (WHADVP-2 only when) (S (NP-SBJ-4 *) (VP delivered (NP *-4) (PP through (NP (NP U.N. organizations) -- (SBAR (WHNP-33 which) (S (PP of (NP course)) (NP-SBJ-5 *T*-33) (VP are (VP made (NP *-5) (PRT up) (PP-CLR (ADVP largely) of (NP (NP governments) (SBAR (WHNP-34 that) (S (NP-SBJ *T*-34) (VP fear (NP these principles) (PP-LOC at (NP home))))))))))))) (ADVP-TMP *T*-2))))))))))))) .)) (TOP (S (NP-SBJ (NP The Babelists) (PP of (NP the United Nations))) (VP are (NP-PRD (NP experts) (PP at (NP obfuscation)))) .)) (TOP (S (S (NP-SBJ This) (VP can (VP have (NP its purposes) (PP-TMP at (NP times))))) , but (S (NP-SBJ there) (VP 's (NP-PRD (NP no reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP cloud (NP (NP the importance and allure) (PP of (NP (NP Western concepts) (PP of (NP freedom and justice))))) (ADVP-PRP *T*-1)))))))) .)) (TOP (S (NP-SBJ We) (VP can (VP see (NP (NP (NP plenty) (PP of (NP (NP reasons) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP stay (ADVP-LOC-PRD out) (ADVP-PRP *T*-1)))))))) , and (NP (NP none) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP rejoin (NP UNESCO) (ADVP-PRP *T*-2))))))))) .)) (TOP (S (NP-SBJ (NP Researchers) (PP-LOC at (NP (NP Plant Genetic Systems N.V.) (PP-LOC in (NP Belgium))))) (VP said (SBAR 0 (S (NP-SBJ they) (VP have (VP developed (NP (NP a genetic engineering technique) (PP for (S-NOM (NP-SBJ *) (VP creating (NP (NP hybrid plants) (PP for (NP (NP a number) (PP of (NP key crops)))))))))))))) .)) (TOP (S (NP-SBJ The researchers) (VP said (SBAR 0 (S (NP-SBJ they) (VP have (VP isolated (NP (NP a plant gene) (SBAR (WHNP-35 that) (S (NP-SBJ *T*-35) (VP prevents (NP (NP the production) (PP of (NP pollen)))))))))))) .)) (TOP (S (NP-SBJ The gene) (ADVP thus) (VP can (VP prevent (NP-1 a plant) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP fertilizing (NP itself)))))) .)) (TOP (S (NP-SBJ-14 Such so-called male-sterile plants) (VP can (ADVP-TMP then) (VP be (VP fertilized (NP *-14) (PP by (NP-LGS (NP pollen) (PP from (NP (NP another strain) (PP of (NP the plant)))))) , (S-ADV (ADVP thereby) (NP-SBJ *) (VP producing (NP hybrid seed)))))) .)) (TOP (S (NP-SBJ (NP The new generation) (PP of (NP plants))) (VP will (VP possess (NP (NP the flourishing , high-production trait) (VP known (NP *) (PP-CLR as `` (NP hybrid vigor))) , '' (ADJP similar (PP to (NP (NP that) (VP (ADVP-TMP now) seen (NP *) (PP-LOC-CLR in (NP hybrid corn))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The development) (VP could (VP have (NP (NP a dramatic effect) (PP on (NP (NP farm production) , (NP especially cotton))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Murray Robinson) , (NP (NP president) (PP of (NP (NP Delta & Pine Land Co.) , (NP (NP a Southwide Inc. subsidiary) (SBAR (WHNP-36 that) (S (NP-SBJ *T*-36) (VP is (NP (NP one) (PP of (NP (NP the largest cotton seed producers) (PP-LOC in (NP the U.S))))))))))))) .)) (TOP (S (PP On (NP a commercial scale)) , (NP-SBJ-15 (NP the sterilization) (PP of (NP the pollen-producing male part))) (VP has (ADVP only) (VP been (VP achieved (NP *-15) (PP-LOC in (NP corn and sorghum feed grains))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRP-PRD because (S (NP-SBJ (NP (NP the male part) , (NP the tassel) ,) and (NP (NP the female) , (NP the ear) ,)) (VP are (ADVP-LOC-PRD (NP some distance) apart) (PP-LOC on (NP the corn plant)))))) .)) (TOP (S (PP-LOC In (NP a labor-intensive process)) , (NP-SBJ-1 the seed companies) (VP cut (PRT off) (NP (NP the tassels) (PP of (NP each plant))) , (S-ADV (NP-SBJ *-1) (VP making (S (NP-SBJ it) (ADJP-PRD male sterile))))) .)) (TOP (S (NP-SBJ They) (VP sow (NP (NP (NP a row) (PP of (NP male-fertile plants))) (SBAR *ICH*-1)) (ADVP-LOC nearby) , (SBAR-1 (WHNP-2 which) (S (ADVP-TMP then) (NP-SBJ *T*-2) (VP pollinate (NP the male-sterile plants))))) .)) (TOP (S (S (NP-SBJ-16 (NP The first hybrid corn seeds) (VP produced (NP *) (S-ADV (NP-SBJ *) (VP using (NP this mechanical approach))))) (VP were (VP introduced (NP *-16) (PP-TMP in (NP the 1930s))))) and (S (NP-SBJ they) (VP yielded (NP (NP (ADJP (NP (QP as much as 20) %) more) corn) (PP than (NP (ADJP naturally pollinated) plants))))) .)) (TOP (S (NP-SBJ-17 (NP The vast majority) (PP of (NP the U.S. corn crop))) (ADVP-TMP now) (VP is (VP grown (NP *-17) (PP-CLR from (NP (NP hybrid seeds) (VP produced (NP *) (PP by (NP-LGS seed companies))))))) .)) (TOP (S (NP-SBJ A similar technique) (VP is (ADJP-PRD almost impossible (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP apply (NP *T*-1) (PP-CLR to (NP (NP other crops) , (PP such as (NP cotton , soybeans and rice)))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP (NP The male part) (PP *RNR*-2)) , (NP (NP the anthers) (PP of (NP the plant)))) , and (NP (NP (NP the female) (PP *RNR*-2)) , (NP the pistils) ,) (PP-2 of (NP the same plant))) (VP are (UCP-PRD (PP-LOC-PRD within (NP (NP a fraction) (PP of (NP an inch)))) or (ADVP even) (VP attached (NP *-1) (PP-CLR to (NP each other))))) .)) (TOP (S (NP-SBJ (NP The anthers) (PP-LOC in (NP these plants))) (VP are (ADJP-PRD difficult (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP clip (NP *T*-1) (ADVP-CLR off))))))) .)) (TOP (S (S (PP-LOC In (NP China)) , (NP-SBJ-18 (NP a great number) (PP of (NP workers))) (VP are (VP engaged (NP-2 *-18) (PP-CLR in (S-NOM (NP-SBJ-3 *-2) (VP pulling (PRT out) (NP (NP the male organs) (PP of (NP rice plants))) (S-ADV (NP-SBJ *-3) (VP using (NP tweezers))))))))) , and (S (NP-SBJ-19 (NP one-third) (PP of (NP (NP rice) (VP produced (NP *) (PP-LOC in (NP that country)))))) (VP is (VP grown (NP *-19) (PP-CLR from (NP hybrid seeds))))) .)) (TOP (S (PP-LOC At (NP Plant Genetic Systems)) , (NP-SBJ researchers) (VP have (VP isolated (NP (NP a pollen-inhibiting gene) (SBAR (WHNP-1 that) (S (NP-SBJ-20 *T*-1) (VP can (VP be (VP inserted (NP *-20) (PP-DIR in (NP a plant)) (S-PRP (NP-SBJ *) (VP to (VP confer (NP male sterility)))))))))))) .)) (TOP (S (NP-SBJ (NP Jan Leemans) , (NP research director) ,) (VP said (SBAR 0 (S (NP-SBJ this gene) (VP was (VP (ADVP-MNR successfully) introduced (PP-DIR in (NP (NP oil-producing rapeseed plants) , (NP (NP a major crop) (PP-LOC in (NP Europe and Canada))))) , (S-ADV (NP-SBJ *) (VP using (PP as (NP a carrier)) (NP (NP a `` promoter gene '') (VP developed (NP *) (PP by (NP-LGS Robert Goldberg)) (PP-LOC at (NP (NP (NP the University) (PP of (NP California))) (PP-LOC in (NP Los Angeles))))))))))))) .)) (TOP (S (S (NP-SBJ-21 The sterilizing gene) (VP is (VP expressed (NP *-21) (SBAR-TMP (ADVP just) before (S (NP-SBJ-1 the pollen) (VP is (ADJP-PRD about (S (NP-SBJ *-1) (VP to (VP develop)))))))))) and (S (NP-SBJ it) (VP deactivates (NP (NP the anthers) (PP of (NP (NP every flower) (PP-TMP in (NP the plant))))))) .)) (TOP (S (NP-SBJ Mr. Leemans) (VP said (SBAR 0 (S (NP-SBJ this genetic manipulation) (VP does n't (VP hurt (NP (NP the growth) (PP of (NP that plant)))))))) .)) (TOP (S (NP-SBJ-1 The researchers) (ADVP also) (VP pulled (ADVP-CLR off) (NP a second genetic engineering trick) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP get (NP male-sterile plants) (PP in (NP (ADJP large enough) numbers (S (NP-SBJ *) (VP to (VP produce (NP a commercial hybrid seed crop))))))))))) .)) (TOP (S (NP-SBJ They) (VP attached (NP (NP a second gene) , (PP-PRP for (NP herbicide resistance)) ,) (PP-CLR to (NP the pollen-inhibiting gene))) .)) (TOP (S (NP-SBJ-2 Both genes) (VP are (ADVP-TMP then) (VP inserted (NP *-2) (PP-DIR into (NP (NP a few greenhouse plants) , (SBAR (WHNP-37 which) (S (NP-SBJ-1 *T*-37) (VP are (ADVP-TMP then) (VP (VP pollinated (NP *-1)) and (VP allowed (S (NP-SBJ *-1) (VP to (VP (VP mature) and (VP produce (NP seed)))))))))))))) .)) (TOP (S (NP-SBJ (NP The laws) (PP of (NP heredity))) (VP dictate (SBAR that (S (S (NP-SBJ (NP half) (PP of (NP (NP the plants) (VP springing (PP-DIR from (NP these greenhouse-produced seeds)))))) (VP will (VP be (ADJP-PRD (ADJP male sterile) and (ADJP herbicide resistant))))) and (S (NP-SBJ half) (VP will (VP be (ADJP-PRD (ADJP male fertile) and (ADJP herbicide susceptible)))))))) .)) (TOP (S (NP-SBJ-1 (NP The application) (PP of (NP herbicide))) (VP would (VP kill (ADVP-CLR off) (NP the male-fertile plants) , (S-ADV (NP-SBJ *-1) (VP leaving (NP (NP a large field) (PP of (NP (NP male-sterile plants) (SBAR (WHNP-2 that) (S (NP-SBJ-22 *T*-2) (VP can (VP be (VP cross-pollinated (NP *-22) (S-PRP (NP-SBJ *) (VP to (VP produce (NP hybrid seed)))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Leemans) (VP said (SBAR 0 (S (NP-SBJ (NP the hybrid rapeseeds) (VP created (NP *) (PP-MNR with (NP this genetic engineering)))) (VP yield (NP (NP (ADJP (NP (QP 15 % to 30 %) *U*) more) output) (PP than (NP (NP the commercial strains) (VP used (NP *) (ADVP-TMP currently))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This technique) (VP is (ADJP-PRD applicable (PP to (NP (NP a wide variety) (PP of (NP crops))))))) , '' (NP-SBJ he) (VP (VP said (S *T*-1)) , and (VP added (SBAR that (S (NP-SBJ some modifications) (VP may (VP be (ADJP-PRD necessary) (S-PRP (NP-SBJ *) (VP to (VP accommodate (NP (NP the peculiarities) (PP of (NP (NP each type) (PP of (NP crop)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-2 the company) (VP (VP is (VP experimenting (PP with (NP the technique)) (PP on (NP alfalfa)))) , and (VP plans (S (NP-SBJ *-2) (VP to (VP include (NP (NP cotton and corn) , (PP-LOC among (NP other crops))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (SBAR even though (S (NP-SBJ (NP (ADJP virtually all) corn seeds) (VP (ADVP-TMP currently) planted (NP *))) (VP are (NP-PRD hybrids)))) , (NP-SBJ the genetic approach) (VP will (VP obviate (NP (NP the need) (PP for (NP (NP (NP mechanical emasculation) (PP of (NP anthers))) , (SBAR (WHNP-38 which) (S (NP-SBJ *T*-38) (VP costs (NP U.S. seed producers) (NP (QP about $ 70 million) *U*) (ADVP-TMP annually)))))))))))) .)) (TOP (S (PP-TMP In (NP recent years)) , (NP-SBJ (NP demand) (PP for (NP hybrid seeds))) (VP has (VP spurred (NP research) (PP-LOC at (NP (NP a number) (PP of (NP (NP chemical and biotechnology companies) , (PP including (NP (NP Monsanto Co.) , (NP Shell Oil Co.) and (NP Eli Lilly & Co))))))))) .)) (TOP (S (NP-SBJ (NP One technique) (VP developed (NP *) (PP by (NP-LGS (NP some) (PP of (NP these companies)))))) (VP involves (NP (NP a chemical spray) (VP supposed (S (NP-SBJ *) (VP to (VP kill (ADVP only) (NP (NP a plant 's) pollen))))))) .)) (TOP (S But (NP-SBJ there) (VP have (VP been (NP-PRD (NP (NP problems) (PP with (S-NOM (NP-SBJ chemical sprays) (VP damaging (NP (NP plants ') female reproductive organs))))) and (NP (NP concern) (PP for (NP (NP the toxicity) (PP of (NP such chemical sprays)) (PP to (NP (NP humans) , (NP animals) and (NP beneficial insects))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP Paul Johanson) , (NP (NP (NP Monsanto 's) director) (PP of (NP plant sciences))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the company 's) chemical spray) (VP (VP overcomes (NP these problems)) and (VP is `` (ADJP-PRD gentle (PP on (NP the female organ)))))))) . '')) (TOP (S (NP-SBJ (NP Biosource Genetics Corp.) , (NP-LOC (NP Vacaville) , (NP Calif.)) ,) (VP is (VP developing (NP (NP a spray) (VP containing (NP (NP a gene) (SBAR (WHNP-39 that) (S (NP-SBJ *T*-39) (VP (VP spreads (PP-DIR from (NP cell)) (PP-DIR to (NP cell))) and (VP interferes (PP-CLR with (NP (NP the genes) (SBAR (WHNP-40 that) (S (NP-SBJ *T*-40) (VP are (ADJP-PRD responsible (PP for (S-NOM (NP-SBJ *) (VP producing (NP pollen))))))))))))))))))) .)) (TOP (S (NP-SBJ-23 (NP This gene) , (VP called (S (NP-SBJ *) `` (NP-PRD gametocide))) , '') (VP is (VP carried (NP *-23) (PP-DIR into (NP the plant)) (PP by (NP-LGS (NP a virus) (SBAR (WHNP-41 that) (S (NP-SBJ *T*-41) (VP remains (ADJP-PRD active) (PP-TMP for (NP a few days))))))))) .)) (TOP (S (NP-SBJ (NP Robert Erwin) , (NP (NP president) (PP of (NP Biosource))) ,) (VP called (S (NP-SBJ (NP Plant Genetic 's) approach) (ADJP-PRD `` interesting '' and `` novel , '' and `` complementary (PP rather than (ADJP competitive))))) . '')) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP is (NP-PRD (NP a large market) (PP-LOC out (NP there)) (ADJP hungry (PP for (NP hybrid seeds)))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Mr. Robinson) (PP of (NP (NP Delta & Pine) , (NP (NP the seed producer) (PP-LOC in (NP (NP Scott) , (NP Miss.)))) ,))) (VP said (SBAR 0 (S (NP-SBJ (NP (NP Plant Genetic 's) success) (PP in (S-NOM (NP-SBJ *) (VP creating (NP (ADJP genetically engineered) male steriles))))) (VP does n't (VP (ADVP automatically) mean (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP would (VP be (ADJP-PRD simple) (S-1 (NP-SBJ *) (VP to (VP create (NP hybrids) (PP-LOC in (NP all crops)))))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRP-PRD because (S (NP-SBJ (NP pollination) , (SBAR while (S (NP-SBJ *) (ADJP-PRD easy) (PP-LOC in (NP corn)) (SBAR-PRP because (S (NP-SBJ the carrier) (VP is (NP-PRD wind)))))) ,) (VP (VP is (ADJP-PRD more complex)) and (VP involves (NP (NP insects) (PP as (NP carriers))) (PP-LOC in (NP (NP crops) (PP such as (NP cotton))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP It) (S *EXP*-2)) (VP (VP 's (NP-PRD-3 one thing) (S-2 (NP-SBJ *) (VP to (VP say (SBAR 0 (S (NP-SBJ you) (VP can (VP sterilize)))))))) , and (VP (NP-PRD=3 another) (S=2 (NP-SBJ *) (VP to (ADVP-TMP then) (VP (ADVP-MNR successfully) pollinate (NP the plant))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S-1 (ADVP Nevertheless) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 he) (VP is (VP negotiating (PP with (NP Plant Genetic)) (S-PRP (NP-SBJ *-2) (VP to (VP acquire (NP (NP the technology) (SBAR (WHNP-3 0) (S (NP-SBJ-4 *T*-3) (VP to (VP try (S (NP-SBJ *-4) (VP breeding (NP hybrid cotton))))))))))))) .)) (TOP (S (NP-SBJ (NP A bitter conflict) (PP with (NP global implications))) (VP has (VP erupted (PP between (NP (NP (NP Nomura Securities Co.) and (NP (NP Industrial Bank) (PP of (NP Japan)))) , (NP (NP two) (PP of (NP (NP the world 's) (ADJP most powerful) financial companies))))))) .)) (TOP (S (NP-SBJ The clash) (VP is (NP-PRD (NP a sign) (PP of (NP (NP a new toughness and divisiveness) (PP-LOC in (NP (NP Japan 's) once-cozy financial circles)))))) .)) (TOP (S (CONJP Not only) (SINV are (NP-SBJ (NP Japan 's) financial institutions) (VP putting (NP their enormous clout) (PP-PUT to (VP work)))) ; (ADVP increasingly) (S (NP-SBJ they) (VP 're (VP squaring (PRT off) (PP against (NP one another)) (PP-MNR in (NP unprecedented public fashion))))) .)) (TOP (S (ADVP-TMP Already) , (NP-SBJ-24 the consequences) (VP are (VP being (VP felt (NP *-24) (PP by (NP-LGS (NP (NP other players) (PP-LOC in (NP the financial markets))) -- even (NP governments)))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-42 What) (S (NP-SBJ *T*-42) (VP triggered (NP the latest clash)))) (VP was (NP-PRD (NP a skirmish) (PP over (NP (NP the timing) (PP of (NP a New Zealand government bond issue)))))) .)) (TOP (S (NP-SBJ-1 Nomura) (VP was (VP attempting (S (NP-SBJ *-1) (VP to (VP organize (NP the (ADJP (ADJP 50 billion-yen) (PRN -LRB- (ADJP (QP $ 352 million) *U*) -RRB-)) borrowing) (PP-LOC in (NP Japan)) (PP-TMP at (NP (NP a time) (SBAR (WHADVP-2 when) (S (NP-SBJ (NP many Japanese banks) , (VP led (NP *) (PP by (NP-LGS (NP Industrial Bank) (PP of (NP Japan))))) ,) (VP were (VP pressuring (S (NP-SBJ the Wellington government) (VP to (VP help (S (NP-SBJ them) (VP recover (NP (NP loans) (VP made (NP *) (PP-DTV to (NP (NP a defunct investment bank) (SBAR (WHNP-3 that) (S (NP-SBJ-25 *T*-3) (VP had (VP been (VP owned (NP *-25) (PP by (NP-LGS (NP New Zealand 's) civil-service pension fund)))))))))))))))) (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (ADJP-PRD Unwilling (S (NP-SBJ *-2) (VP to (VP put (PRT up) (NP new money) (PP-PRP for (NP New Zealand)) (SBAR-TMP until (S (NP-SBJ-26 those debts) (VP are (VP repaid (NP *-26)))))))))) , (NP-SBJ-1 most banks) (VP refused (S (NP-SBJ *-1) (VP (ADVP even) to (VP play (NP administrative roles) (PP-LOC in (NP the new financing))))) , (S-ADV (NP-SBJ *-1) (VP forcing (S (NP-SBJ an embarrassed Nomura) (VP to (VP postpone (NP it) (NP-TMP this week))))))) .)) (TOP (S (NP-SBJ The dispute) (VP shows (ADVP-MNR clearly) (NP (NP the global power) (PP of (NP (NP Japan 's) financial titans)))) .)) (TOP (S (PP Aside (PP from (NP (NP Nomura 's) injured pride))) , (NP-SBJ the biggest victim) (ADVP-TMP so far) (VP has (VP been (NP-PRD the New Zealand government))) .)) (TOP (S (S-ADV (NP-SBJ-3 *-1) (VP Barred (NP-4 *-3) (PP by (NP-LGS its budget law)) (PP-CLR from (S-NOM (NP-SBJ *-4) (VP making (NP any new domestic bond issues)))))) , (NP-SBJ-1 (NP Wellington 's) Debt Management Office) (VP had (VP been (VP casting (ADVP-LOC abroad) (S-PRP (NP-SBJ *-1) (VP to (VP raise (NP (NP (NP (NP the (QP 3 billion) New Zealand dollars) (PRN -LRB- (NP (QP US$ 1.76 billion) *U*) -RRB-)) to (NP (QP NZ$ 4 billion) *U*)) (SBAR (WHNP-2 0) (S (NP-SBJ-5 it) (VP needs (S (NP-SBJ *-5) (VP to (VP come (ADVP-CLR up) (PP-CLR with (NP *T*-2)) (PP-TMP by (NP (NP the end) (PP of (NP its fiscal year)) (NP-TMP next June 30)))))))))))))))) .)) (TOP (S (SBAR-ADV With (S (NP-SBJ-1 (NP Japan 's) cash-flush banks) (VP aligned (NP *-1) (PP against (NP it))))) , (ADVP though) , (S-NOM-SBJ (NP-SBJ *) (VP raising (NP money))) (VP may (VP be (ADJP-PRD difficult))) .)) (TOP (S-1 (CONJP Not only) (SINV can (NP-SBJ they) (VP block (NP-2 Wellington) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP raising (NP money) (PP-LOC in (NP Japan))))))) (PRN , (S (NP-SBJ (NP bankers) (ADVP-LOC here)) (VP say (SBAR 0 (S *T*-1)))) ,) but (S (PP as (NP (NP the largest underwriters) (PP-LOC in (NP the Eurobond market)))) , (NP-SBJ-3 they) (VP might (VP be (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP scuttle (NP borrowings) (ADVP-LOC there) , (ADVP too)))))))) .)) (TOP (S (NP-SBJ (NP (NP New Zealand 's) finance minister) , (NP David Caygill) ,) (VP lashed (ADVP-CLR out) (PP at (NP such suggestions))) .)) (TOP (S (NP-SBJ He) (VP told (NP reporters) (PP-LOC in (NP Wellington)) (NP-TMP Tuesday) (SBAR that (S (NP-SBJ the government) (VP (VP had n't (VP guaranteed (NP (NP the loans) (PP to (NP (NP DFC New Zealand Ltd.) , (NP (NP an investment bank) (ADJP 80%-owned (PP by (NP the National Provident Fund))))))))) , and (VP would n't (VP bail (NP it) (PRT out))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP may (ADVP very well) (VP be (SBAR-NOM-PRD (WHNP-43 what) (S (NP-SBJ the Japanese banks) (VP want (NP *T*-43))))))) , '' (NP-SBJ he) (VP told (NP Radio New Zealand) (S *T*-1)) .)) (TOP (S `` (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ it) (VP would (VP be (ADJP-PRD irresponsible))))))) and (S (NP-SBJ-1 I) (VP am not (ADJP-PRD about (S (NP-SBJ-27 *-1) (VP to (VP be (VP blackmailed (NP *-27) (PP by (NP-LGS (NP Japanese banks) or (NP any other international interests)))))))))) . '')) (TOP (SINV (ADJP-PRD-TPC-1 (ADJP No less significant) (PP than (NP (NP the Japanese banks ') attempt (S (NP-SBJ-2 *) (VP to (VP cut (PRT off) (NP funds) (S-PRP (NP-SBJ *-2) (VP to (VP pressure (NP a foreign government)))))))))) (VP are (ADJP-PRD *T*-1)) (NP-SBJ (NP the implications) (PP of (NP (NP a confrontation) (PP between (NP (NP Japan securities) and (NP banking industries)))))) .)) (TOP (S (NP-SBJ Anxiety) (VP is (VP rising (PP over (NP recent government proposals (S (NP-SBJ *) (VP to (VP (ADVP-TMP eventually) lower (NP (NP the strict barriers) (SBAR (WHNP-44 that) (S (NP-SBJ *T*-44) (ADVP-TMP now) (VP separate (PRN -- and protect --) (NP the two industries) (PP-CLR from (NP each other))))))))))))) .)) (TOP (S (S (NP-SBJ Both sides) (VP are (VP (ADVP-MNR jealously) guarding (NP their turf)))) , and (S (NP-SBJ relations) (VP have (VP been (PP-LOC-PRD at (NP a flashpoint)) (PP-TMP for (NP months))))) .)) (TOP (S (NP-SBJ-1 The banks) (VP (ADVP-MNR badly) want (S (NP-SBJ *-1) (VP to (VP break (PP-CLR into (NP (NP all aspects) (PP of (NP the securities business)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP the securities companies) (PRN -- (NP (NP most) (PP of (NP them)) (ADJP (ADJP smaller) (PP than (NP the banks)))) --)) (VP are (VP seeking (NP (NP access) (PP (ADVP only) to (NP (NP limited kinds) (PP of (NP banking)) (SBAR (WHNP-45 that) (S (NP-SBJ *T*-45) (VP would n't (VP open (NP them) (PP-CLR to (NP (NP the full brunt) (PP of (NP (NP competition) (PP from (NP the banks))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Nomura) , (NP (NP (NP the world 's) biggest securities company) (PP (ADVP largely) by (NP (NP virtue) (PP of (NP its protected home field)))))) , and (NP (NP (NP Industrial Bank) (PP of (NP Japan))) , (NP (NP (NP Japan 's) (ADJP (ADJP most innovative) and (ADJP aggressive)) bank) (PP-LOC in (NP (NP capital markets) (ADVP-LOC abroad))))) ,) (VP captain (NP the opposing sides)) .)) (TOP (S And (NP-SBJ (NP their suspicions) (PP of (NP each other))) (VP run (ADVP-MNR deep)) .)) (TOP (S (PP-TMP In (NP the past year)) , (NP-SBJ-1 both) (VP have (VP tried (S (NP-SBJ *-1) (VP to (VP stretch (NP (NP the limits) (PP of (NP their businesses)))))))) .)) (TOP (S (NP-SBJ-3 Nomura) (VP started (NP (NP a credit-card venture) (SBAR *ICH*-2)) (PP with (NP American Express Co.)) (SBAR-2 (WHNP-1 that) (S (NP-SBJ *T*-1) (VP allowed (S (NP-SBJ cardholders) (VP to (VP use (NP their Nomura securities accounts) (PP-MNR like (NP a bank account)))))))) , (S-ADV (NP-SBJ *-3) (VP attracting (NP (NP the wrath) (PP of (NP banks)))))) .)) (TOP (S And (NP-SBJ (NP Industrial Bank) (PP of (NP Japan))) (VP started (PRT up) (NP (NP a London securities subsidiary) (SBAR (WHNP-46 that) (S (NP-SBJ *T*-46) (VP sells (NP Japanese stocks) (PP-DTV to (NP (NP non-Japanese institutions) (ADVP-LOC overseas))))))) , (NP-ADV (NP a move) (SBAR (WHNP-47 that) (S (NP-SBJ *T*-47) (VP stirred (NP (NP the anger) (PP of (NP the stock brokerage firms)))))))) .)) (TOP (S (NP-SBJ The New Zealand bond issue) (ADVP-MNR simply) (VP has (VP brought (S (NP-SBJ the two institutions) (ADVP-PRD face-to-face)))) .)) (TOP (S (NP-SBJ ITEL CORP.) (VP reported (NP (NP third-quarter earnings) , (SBAR (WHNP-48 which) (S (NP-SBJ-2 *T*-48) (VP were (VP (ADVP-MNR mistakenly) shown (PP-LOC in (NP (NP the Quarterly Earnings Surprises table) (PP-LOC in (NP (NP-TMP yesterday 's) edition)))) (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD (ADJP lower) (PP than (NP (NP the average) (PP of (NP (NP analysts ') estimates)))))))))))))) .)) (TOP (S (PP On (NP a pretax basis)) , (NP-SBJ (NP (NP Itel 's) third-quarter earnings) (PP of (NP (NP 30 cents) (NP-ADV a share)))) (VP were (ADVP actually) (ADJP-PRD (ADJP (NP 7.14 %) higher) (PP than (NP (NP the average) (PP of (NP estimates)))))) .)) (TOP (S (NP-SBJ-2 (NP-1 Raymond E. Ross) , (ADJP (NP 53 years) old) , (NP (NP formerly group vice president) , (NP U.S. plastics machinery) , (PP-LOC at (NP this machine tool , plastics machinery and robots concern)) ,)) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP senior vice president) , (NP industrial systems) ,)) (S-ADV (NP-SBJ *-2) (VP succeeding (NP (NP David A. Entrekin) , (SBAR (WHNP-49 who) (S (NP-SBJ *T*-49) (VP resigned (NP-TMP Monday))))))))) .)) (TOP (S (NP-SBJ-29 (NP John A. Conlon Jr.) , (NP 45) ,) (VP was (VP named (S (NP-SBJ *-29) (NP-PRD a managing director)) (PP-LOC at (NP this investment-banking company)))) .)) (TOP (S (NP-SBJ He) (VP will (VP be (PP-PRD in (NP (NP charge) (PP of (NP (NP (NP research) , (NP equity sales) and (NP trading)) , and (NP (NP the syndicate operation) (PP of (NP Rothschild))))))))) .)) (TOP (S (NP-SBJ Mr. Conlon) (VP was (NP-PRD (NP (NP executive vice president) and (NP director)) (PP of (NP (NP the equity division) (PP of (NP (NP the international division) (PP of (NP Nikko Securities Co)))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ Yogi Berra) (VP might (VP say)))) , (NP-SBJ it) (VP 's (NP-PRD deja vu) (ADVP-TMP all over again)) .)) (TOP (S (S-ADV (NP-SBJ-3 *-2) (VP Crouched (NP *-3) (PP-LOC at (NP shortstop)))) , (NP-SBJ-2 (NP Bert Campaneris) , (ADVP-TMP once) (NP (NP Oakland 's) master thief) ,) (VP (ADVP-MNR effortlessly) (VP scoops (PRT up) (NP a groundball)) and (VP flips (NP it) (PP-DIR to (NP second)))) .)) (TOP (S (PP-LOC In (NP the outfield)) , (NP-SBJ (NP Paul Blair) , (NP (NP the Orioles ') eight-time Gold Glove winner) ,) (VP (ADVP-MNR elegantly) shags (NP a fly)) .)) (TOP (S (PP-LOC On (NP the mound)) , (NP-SBJ (NP former Red Sox great Luis Tiant) , (NP (NP the wily master) (PP of (NP 1,001 moves))) ,) (VP throws (NP an off-speed strike)) .)) (TOP (SINV `` (FRAG-TPC-1 Babies , kiddies ,) '' (VP growls (FRAG *T*-1)) (NP-SBJ (NP their manager) -- (NP (NP-2 a fellow) (VP named (S (NP-SBJ *-2) (NP-PRD Earl Weaver))) , (SBAR (WHNP-3 who) , (S (S (PP-TMP in (NP a different time)) , (NP-SBJ *T*-3) (VP handled (NP four World Series teams))) and (ADVP-TMP now) (S (NP-SBJ *T*-3) (VP handles (NP the Gold Coast Suns))))))) .)) (TOP (S `` (FRAG-2 (NP Old-time kiddies)) , '' (NP-SBJ he) (VP says (NP *-2)) .)) (TOP (FRAG (ADVP Perhaps) .)) (TOP (S But (PP-TMP for (NP the next few months)) , (NP-SBJ-1 (NP these boys) (PP of (NP (NP summers) (ADJP long past)))) (VP are (VP going (S (NP-SBJ *-1) (VP to (VP be (VP reveling (PP-LOC-CLR in (NP (NP an Indian summer) (PP of (NP the soul)))))))))) .)) (TOP (S-1 (ADVP-TMP Now (SBAR that (S (NP-SBJ the baseball season) (VP is (ADVP officially) (ADJP-PRD over))))) (PRN , (S (NP-SBJ you) (VP see (SBAR 0 (S *T*-1)))) ,) (NP-SBJ it) (VP 's (NP-PRD (NP time) (SBAR (WHADVP-2 0) for (S (NP-SBJ a new season) (VP to (VP begin (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ Today) (VP is (NP-PRD (NP the debut) (PP of (NP (NP the Senior Professional Baseball Association) , (NP (NP a new eight-team pro sports circuit) , (UCP (VP modeled (NP *) (PP-CLR after (NP the (ADJP highly successful) senior tennis and golf tours))) and (ADJP-PRD complete (PP with (NP (NP good salaries) , (NP a cable television contract) and even (NP expansion plans)))))))))) .)) (TOP (S (NP-SBJ (QP One hundred and ninety two) (NX (NX former greats) , (NX near greats) , (NX hardly knowns) and (NX unknowns))) (VP begin (NP a 72-game , three-month season) (PP-LOC in (NP (NP spring-training stadiums) (ADVP-LOC up and down (NP Florida))))) .)) (TOP (S (PP For (NP (NP everyone) (VP involved (NP *)))) , (NP-SBJ it) (VP 's (NP-PRD (NP one more swig) (PP of (NP (NP (NP that elixir) (PP of (NP youth))) , (NP baseball))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Someone) (ADVP-TMP always) (VP makes (S (NP-SBJ you) (VP quit)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP legendary St. Louis Cardinals centerfielder Curt Flood) , (NP (NP the league 's) commissioner)) .)) (TOP (S `` (NP-SBJ You) (VP feel (SBAR 0 (S (NP-SBJ you) (VP want (NP (NP (QP one more)) -- (NP (NP (QP one more) at-bat) , (NP (QP one more) hit) , (NP (QP one more) game))))))) . '')) (TOP (S (SBAR-TMP Until (S (NP-SBJ (NP the baby-faced heroes) (PP of (NP-TMP today))) (VP reclaim (NP these ballparks) (PP-PRP for (NP spring training))))) , (NP-SBJ there) (VP is (NP (QP one more))) .)) (TOP (FRAG And not (ADVP just) (PP for (NP the players)) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP one more) (PP for (NP (NP the baseball-loving (NX (NX lawyers) , (NX accountants) and (NX real estate developers))) (SBAR (WHNP-50 who) (S (NP-SBJ-1 *T*-50) (VP ponied (PRT up) (NP (QP about $ 1 million) *U*) (NP each) (PP-PRP for (NP the chance (S (NP-SBJ *-1) (VP (VP to (VP be (NP-PRD an owner))) , (VP to (VP (VP step (PP-DIR-CLR into (NP (NP the shoes) (PP of (NP a Gene Autry))))) or (VP have (NP a beer) (PP with (NP Rollie Fingers)))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Nothing) (VP can (VP be (ADJP-PRD (ADJP better) (PP than (NP this)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Don Sider) , (NP (NP owner) (PP of (NP the West Palm Beach Tropics)))) .)) (TOP (S (ADVP-TMP Early (PP in (NP the morning))) (NP-SBJ (NP Mr. Sider) , (NP an estate lawyer) ,) (VP pores (PP-CLR over (NP last wills and testaments))) .)) (TOP (S (NP-TMP Midmorning) , (NP-SBJ he) (VP (VP dons (NP an orange-and-blue uniform)) and (VP (PRN , (PP-PRP for (NP fun)) ,) may (VP field (NP (NP a bunt) (PP from (NP Dave Kingman)))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP (QP one more)) , (ADVP too) , (PP for (NP (NP the fans) (SBAR (WHNP-51 who) (S (NP-SBJ *T*-51) (VP dream (PP-CLR of (NP (NP a season) (SBAR (WHNP-52 that) (S (NP-SBJ *T*-52) (ADVP-TMP never) (VP ends)))))))))))) .)) (TOP (SINV `` (S-1 (NP-SBJ I) (VP feel (PP-CLR like (NP a little kid)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP a gleeful Alex de Castro) , (NP a car salesman) , (SBAR (WHNP-53 who) (S (NP-SBJ-3 *T*-53) (VP has (VP stopped (PRT by) (NP (NP a workout) (PP of (NP the Suns))) (S-PRP (NP-SBJ *-3) (VP to (VP slip (NP (NP six Campaneris cards) (SBAR *ICH*-2)) (PP-DTV to (NP the Great Man Himself)) (SBAR-2 (WHNP-4 0) (S (NP-SBJ-30 *T*-4) (VP to (VP be (VP autographed (NP *-30)))))))))))))) .)) (TOP (S (NP-SBJ (NP The league 's) promoters) (VP hope (SBAR 0 (S (NP-SBJ-1 retirees and tourists) (VP will (VP (VP join (NP (NP die-hard fans) (PP like (NP Mr. de Castro)))) and (VP pack (NP the stands) (S-PRP (NP-SBJ *-1) (VP to (VP see (NP the seniors)))))))))) .)) (TOP (S (NP-SBJ The league) (VP is (NP-PRD (NP the brainchild) (PP of (NP (NP Colorado real estate developer James Morley) (PRN -- (ADVP-TMP once) (NP (NP a minor-leaguer) (NP himself)) --) (SBAR (WHNP-54 who) (S (NP-SBJ *T*-54) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP had (NP the idea) (NP-TMP last January) (SBAR-TMP while (S (NP-SBJ *-1) (VP lying (PP-LOC-CLR on (NP a beach)) (PP-LOC in (NP Australia))))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ he) (VP sent (NP (NP letters) (VP offering (NP 1,250 retired major leaguers) (NP (NP the chance) (PP of (NP another season))))) (ADVP-TMP *T*-1)))) , (NP-SBJ 730) (VP responded) .)) (TOP (S (ADVP-TMP Eventually) , (NP-SBJ-1 (QP about 250)) (VP made (NP (NP the trip) (PP to (NP Florida))) (S-PRP (NP-SBJ *-1) (VP to (VP compete (PP-PRP for (NP the available slots)))))) .)) (TOP (S -LRB- (NP-SBJ-1 Players) (VP have (S (NP-SBJ *-1) (VP to (VP be (UCP-PRD (NP 35) or (ADJP older))))) , (PP except (PP for (NP (NP catchers) , (SBAR (WHNP-55 who) (S (NP-SBJ *T*-55) (VP are (ADJP-PRD eligible) (PP-TMP at (NP 32)) (SBAR-PRP because (S (NP-SBJ (NP life) (PP-LOC behind (NP the plate))) (VP is (ADJP-PRD so rough))))))))))) . -RRB-)) (TOP (S (PP For (NP some players)) , (NP-SBJ the lure) (VP is (NP-PRD (NP money) -- (NP (NP (QP up to $ 15,000) *U*) (NP-ADV a month)))) .)) (TOP (S (NP-SBJ (NP Others) , (VP (ADVP just) released (NP *) (PP-CLR from (NP the majors))) ,) (VP hope (SBAR 0 (S (NP-SBJ the senior league) (VP will (VP be (NP-PRD (NP their bridge) (ADVP back (PP into (NP the big-time))))))))) .)) (TOP (S But (SBAR-TMP as (S (NP-SBJ they) (VP (VP hurl (NP (NP fireballs) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP smolder (CONJP rather than) burn))))) , and (VP relive (NP old duels) (PP-LOC in (NP the sun)))))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD clear) (SBAR-1 that (S (NP-SBJ-3 most) (VP are (ADVP-LOC-PRD there) (S-PRP (NP-SBJ *-3) (VP to (VP (VP make (S (NP-SBJ their fans) (VP cheer (ADVP-TMP again)))) or (VP recapture (NP (NP the camaraderie) (PP of (NP (NP seasons) (NP-TMP past))))) or (VP prove (PP to (NP (NP themselves) and (NP their colleagues))) (SBAR that (S (NP-SBJ they) (ADVP-TMP still) (VP have (NP (NP it) -- or (NP (NP something) (ADJP close (PP to (NP it)))))))))))))))) .)) (TOP (S `` (NP-SBJ My fastball) (VP is (ADJP-PRD good)) .)) (TOP (SINV (FRAG (ADJP Real good)) , '' (VP says) (NP-SBJ-1 39-year-old Pete Broberg) , (S-ADV (NP-SBJ *-1) (VP working (PP-LOC in (NP (NP the midday heat) (PP of (NP the Tropics camp)))))) .)) (TOP (S (NP-SBJ (NP Mr. Broberg) , (SBAR (WHNP-56 who) (S (NP-SBJ *T*-56) (VP started (PP with (NP the now-defunct Washington Senators))))) ,) (VP says (SBAR that (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP left (NP baseball) (PP-TMP in (NP 1978)) (ADVP-TMP *T*-1)))) , (NP-SBJ he) `` (ADVP-TMP never) (VP looked (ADVP-DIR back))))) . '')) (TOP (S (PP-TMP For (NP a long time)) , (NP-SBJ he) (VP ignored (NP (NP baseball) (NP *ICH*-1)) (ADVP altogether) , (NP-1 even the sports pages)) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ (NP Mr. Broberg) , (NP a lawyer) ,) (VP claims (SBAR 0 (S (NP-SBJ he) (VP 'd (VP play (PP for (ADJP free))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ You) (VP ca n't (VP give (NP it) (PRT up) (ADVP-MNR that easily)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP tried) . '')) (TOP (S (NP-SBJ (NP The nagging memory) (PP of (NP (NP one afternoon) (ADVP-TMP (NP fourteen years) ago)))) (VP drove (S (NP-SBJ-1 (NP Jim Gideon) , (NP a lean 36-year-old righthander)) (VP to (VP take (NP (NP a four-month leave) (PP from (S-NOM (NP-SBJ *) (VP selling (NP insurance) (PP-LOC in (NP Texas)))))) (S-PRP (NP-SBJ *-1) (VP to (VP try (PRT out) (PP-CLR for (NP (NP Mr. Weaver 's) team))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ It) (VP does n't (VP replace (S (NP-SBJ *) (VP pitching (PP-LOC in (NP the majors))))))) , but (S (NP-SBJ it) (VP proves (PP to (NP me)) (SBAR that (S (NP-SBJ-2 I) (VP would (VP have (VP been (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP play)))) (SBAR-ADV if (S (NP-SBJ I) (VP 'd (VP stayed (ADJP-PRD healthy))))))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (ADVP-TMP Back (PP in (NP 1975))) , (PP-TMP (ADVP late) in (NP the season)) , (NP-SBJ a then-21 Mr. Gideon) (VP made (NP (NP his only major league appearance) , (NP (NP five and two-thirds innings) (PP for (NP the Texas Rangers)) (PP against (NP the Chicago White Sox))))) .)) (TOP (S (NP-SBJ He) (VP (VP gave (PRT up) (NP seven hits)) , (VP walked (NP five)) and (VP did n't (VP get (NP a decision)))) .)) (TOP (S (NP-SBJ Arm troubles) (VP forced (NP him) (ADVP-DIR back) (PP-DIR to (NP the minors)) (NP-TMP the next year)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD a satisfaction) (PP in (S-NOM (NP-SBJ *) (VP going (PP-DIR-CLR against (NP the rules))))))) , '' (VP offers (S *T*-1)) (NP-SBJ (NP Will McEnaney) , (ADVP-TMP once) (NP (NP a stopper) (PP with (NP (NP Cincinnati 's) Big Red Machine)))) .)) (TOP (S (NP-SBJ He) (VP means (NP the rule (SBAR that (S (NP-SBJ a player) (VP ca n't (VP cut (NP it) (PP-TMP after (NP a certain age)))))))) .)) (TOP (S (NP-TMP These days) (NP-SBJ-1 he) (VP hustles (PP-DIR to (NP house-painting jobs)) (PP-LOC in (NP his Chevy pickup)) (PP-TMP before and after (S-NOM (NP-SBJ *-1) (VP training (PP with (NP the Tropics)))))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ *-1) (VP sipping (NP a beer) (PP-TMP after (NP practice))))) , (NP-SBJ-1 he) (VP (ADVP-MNR vividly) recounts (S (NP-SBJ *-1) (VP (VP getting (S (NP-SBJ-2 (NP the Red Sox 's) Carl Yastrzemski) (VP to (VP pop (ADVP out) (S-CLR (NP-SBJ *-2) (VP to (VP end (NP the 1975 World Series)))))))) , and (VP repeating (NP the feat) (PP against (NP (NP the Yankees ') Roy White)) (PP-TMP in (NP 1976)))))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP (NP the game 's) reigning philosophers))) (VP dislike (NP (NP the idea) (PP of (S-NOM (NP-SBJ middle-aged men) (VP attempting (NP (NP a young man 's) sport)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 I) (ADVP personally) (VP do n't (VP enjoy (S (NP-SBJ *-1) (VP seeing (S (NP-SBJ (NP players) (SBAR (WHNP-57 who) (S (NP-SBJ I) (VP remember (NP *T*-57) (ADVP-MNR vividly) (PP-CLR from (NP their playing days)))))) (VP (VP running (ADVP-DIR about)) and (VP being (ADJP-PRD gallant (PP about (NP their deficiencies))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Roger Angell) , (NP (NP New Yorker magazine 's) resident baseball sage)) .)) (TOP (S `` (NP-SBJ I) (VP feel (SBAR 0 (S (NP-SBJ-1 people) (VP should (VP be (VP allowed (S (NP-SBJ *-1) (VP to (VP remember (NP players) (SBAR as (S (NP-SBJ they) (VP were)))))))))))) . '')) (TOP (SINV (ADVP Worse) , (VP says (S *ICH*-2)) (NP-SBJ baseball author Lawrence Ritter) , `` (S-2 (S (NP-SBJ Someone) (VP will (VP get (NP a heart attack)))) and (S (NP-SBJ that) (VP will (VP be (NP-PRD (NP the end) (PP of (NP the whole story))))))) . '')) (TOP (S But (NP-SBJ the ballplayers) (VP disagree) .)) (TOP (S (NP-SBJ Most) (VP are (ADJP-PRD trim)) .)) (TOP (S (S (NP-SBJ Some) (VP have (VP been (VP training (PP-TMP for (NP months)))))) ; (S (NP-SBJ others) (ADVP-TMP only recently) (VP left (NP active status))) .)) (TOP (S -LRB- (S (NP-SBJ No one) (VP has (VP worked (PRT out) (NP (NP the players ') average age)))) , but (S (NP-SBJ-1 most) (VP appear (S (NP-SBJ *-1) (VP to (VP be (PP-PRD in (NP their late 30s))))))) . -RRB-)) (TOP (S And (NP-SBJ there) (VP 's (NP-PRD pride)) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 I) (VP 'm not (VP going (S (NP-SBJ *-1) (VP to (VP look (ADJP-PRD stupid))))))) , '' (VP vows (S *T*-2)) (NP-SBJ former Pittsburgh Pirate second baseman Rennie Stennett) , (S-ADV (NP-SBJ sweat) (VP dotting (NP his brow) (SBAR-TMP as (S (NP-SBJ he) (VP prepares (PP-CLR for (NP some practice swings))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 It) (VP 's (VP going (S (NP-SBJ *-2) (VP to (VP be (NP-PRD a tough league))))))) , '' (VP promises (S *T*-1)) (NP-SBJ the 47-year-old Mr. Campaneris) .)) (TOP (S `` (NP-SBJ There) (VP will (VP be (NP-PRD (NP a lot) (PP of (NP malice))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ-2 (NP Men) (SBAR (WHNP-58 who) (S (NP-SBJ *T*-58) (VP have (VP played (ADVP-MNR hard) (NP-TMP all their lives)))))) (VP are n't (ADJP-PRD about (S (NP-SBJ *-2) (VP to (VP change (NP their habits))))))) , (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (ADVP Nonetheless) , (NP-SBJ-1 one) (VP ca n't (VP help (S (NP-SBJ *-1) (VP wonder (SBAR whether (S (NP-SBJ the game) (VP will (VP be (ADJP-PRD (NP just a little bit) slower))))))))) .)) (TOP (S (PP-LOC At (NP the weatherbeaten Pompano Beach municipal stadium)) , (NP-SBJ (NP Mr. Blair) , (NP the 45-year-old former Oriole) ,) (VP knows (SBAR 0 (S (NP-SBJ his power) (VP is n't (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ-2 it) (VP used (S (NP-SBJ *-2) (VP to (VP be (NP-PRD *T*-1))))))))))) .)) (TOP (S So (NP-SBJ he) (VP adjusts) .)) (TOP (S (NP-SBJ He) (ADVP-TMP no longer) (VP crowds (NP the plate)) .)) (TOP (S (NP-SBJ He) (VP 's not (VP thinking (PP-CLR about (NP home runs)) (ADVP-TMP anymore) (FRAG , (NP just base hits)))) .)) (TOP (S (ADVP Still) , `` (SBAR-TPC-2 (WHADJP-1 how sweet) (S (NP-SBJ it) (VP is (ADJP-PRD *T*-1)))) , '' (NP-SBJ-3 he) (VP says (SBAR *T*-2) , (S-ADV (NP-SBJ *-3) (VP savoring (NP (NP the fat sound) (PP of (NP (NP the well-hit line drive) (SBAR (WHNP-4 that) (S (NP-SBJ *T*-4) (VP bounces (PP-DIR off (NP the center field wall))))))))))) .)) (TOP (SINV And (S-TPC-1 (NP-SBJ *) (VP do n't (VP expect (NP (NP (NP many complete games) (PP by (NP pitchers))) -- (NP perhaps (NP three) (ADVP out (PP of (NP 288)))))))) , (VP laughs (SBAR 0 (S *T*-1))) (NP-SBJ (NP Mr. Fingers) , (NP the former Oakland reliever)) .)) (TOP (SINV (S-TPC-1 (NP-SBJ *) (VP Expect (NP (NP `` tricky '' stuff) (PP from (NP pitchers))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Mr. Weaver) , (NP the manager)) .)) (TOP (SINV (S-TPC-1 (NP-SBJ *) (VP Expect (NP (NP brushbacks) but (NP no beanballs)))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ Mr. McEnaney) .)) (TOP (S (SINV (S-TPC-1 (NP-SBJ *) (ADVP Even) (VP expect (NP stolen bases))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ the (ADJP wiry and fit) Mr. Campaneris)) : (S `` (S-TPC-2 (SBAR-ADV If (S (NP-SBJ you) (VP know (SBAR (WHADVP-3 how) (S (NP-SBJ *) (VP to (VP slide (ADVP-MNR *T*-3)))))))) , (NP-SBJ it) (VP 's (NP-PRD no problem))) , '' (NP-SBJ he) (VP says (S *T*-2))) .)) (TOP (S And (NP-SBJ *) (VP expect (NP slower fastballs)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP 'm not (ADJP-PRD so young) (ADVP-TMP anymore))) , '' (VP concedes (S *T*-1)) (NP-SBJ the cigar-chomping , 48-year-old Mr. Tiant) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ I) (VP wo n't (VP be (VP throwing (NP 90 mph))))) , but (S (NP-SBJ I) (VP will (VP throw (NP 80-plus))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP White-haired Pedro Ramos) , (PP at (NP 54)) (NP (NP (NP the league 's) oldest player) and (NP (NP a pitcher-coach) (PP with (NP the Suns)))) ,) (VP has (VP lost (NP (ADJP even more) speed))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Stuffing (NP (NP a wad) (PP of (NP Red Man))) (PP-DIR into (NP his cheek)))) , (NP-SBJ-1 he) (VP admits (SBAR 0 (S (NP-SBJ (NP the fastball) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP brought (NP *T*-2) (PP-DIR into (NP the majors)) (PP-TMP in (NP 1955)))))) (VP has (VP become (NP-PRD a slowball)))))) .)) (TOP (S (NP-SBJ Its maximum velocity) (VP is (NP-PRD 72 mph)) .)) (TOP (S But (NP-SBJ he) (VP is n't (ADJP-PRD worried)) .)) (TOP (S (NP-SBJ He) (VP will (VP compensate (PP-MNR with (NP (NP the guile) (VP learned (NP *) (PP-CLR from (NP (NP his years) (PP-LOC in (NP the majors))))))))) .)) (TOP (S (NP-SBJ He) (VP has (NP good control)) .)) (TOP (S (NP-SBJ He) (VP will (VP (VP keep (NP the ball) (ADVP-CLR down)) , (VP move (NP it) (ADVP-DIR around)))) .)) (TOP (S-1 (PP After (NP all)) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) `` (S-PRP (NP-SBJ *-2) (ADVP Even) (VP to (VP make (NP love)))) , (NP-SBJ-2 you) (VP need (NP experience)) .)) (TOP (S (NP-SBJ Alltel Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP acquire (NP (NP the 55 %) (PP of (NP (NP Pond Branch Telephone Company Inc. 's) cellular franchise)) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP does n't (VP own (NP *T*-1) (ADVP-TMP already))))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Alltel) (VP holds (NP (NP 45 %) (PP of (NP (NP the franchise) , (SBAR (WHNP-59 which) (S (NP-SBJ *T*-59) (VP has (NP (NP operations) (PP-LOC in (NP (NP (NP Aiken) , (NP S.C.)) , and (NP (NP Augusta) , (NP Ga)))))))))))) .)) (TOP (S (NP-SBJ (NP Alltel) , (SBAR (WHNP-60 which) (S (NP-SBJ *T*-60) (VP provides (NP local telephone service) (PP-LOC in (NP 25 states))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP exercised (NP (NP its right) (PP of (NP first refusal))) (PP-TMP following (NP (NP an offer (S *ICH*-1)) (PP from (NP an undisclosed third party)) (S-1 (NP-SBJ *) (VP to (VP acquire (NP (NP the majority position) (PP-LOC in (NP the franchise)))))))))))) .)) (TOP (S (NP-SBJ Stewart & Stevenson Services Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP (NP two contracts) (VP totaling (NP $ (QP 19 million) *U*)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP build (NP gas-turbine generators)))))))))) .)) (TOP (S (NP-SBJ The separate contracts) (VP were (PP-PRD from (NP (NP (NP Paragould Light & Water Commission) , (NP (NP a utility) (PP-LOC in (NP (NP Paragould) , (NP Ark.))))) , and (NP (NP PSE Inc.) , (NP (NP a cogeneration-plant operator) (PP-LOC in (NP Houston))))))) .)) (TOP (S (NP-SBJ Stewart & Stevenson) (VP makes (NP (NP equipment) (VP powered (NP *) (PP-CLR with (NP diesel and gas turbines))))) .)) (TOP (S (NP-SBJ Liberty National Bancorp) (VP said (SBAR 0 (S (NP-SBJ-31 (NP its acquisition) (PP of (NP (NP Florence Deposit Bank) , (NP-LOC (NP Florence) , (NP Ky.)))) , (VP (ADVP-TMP first) announced (NP *) (PP-TMP in (NP April))) ,) (VP has (VP been (VP completed (NP *-31) (PP-LOC in (NP (NP a transaction) (VP valued (NP *) (PP-CLR at (NP (QP $ 13.1 million) *U*))))))))))) .)) (TOP (S (NP-SBJ Liberty National) (VP exchanged (NP (NP (QP about 78.64) shares) (PP of (NP its common stock))) (PP-CLR for (NP (NP each) (PP of (NP (NP (NP Florence Deposit 's) 5,600 shares) (ADJP outstanding)))))) .)) (TOP (S (NP-SBJ (NP Liberty National) , (NP a bank holding company) ,) (VP has (NP (NP assets) (VP exceeding (NP (QP $ 3 billion) *U*)))) .)) (TOP (S (NP-SBJ-32 Hani Zayadi) (VP was (VP appointed (S (NP-SBJ *-32) (NP-PRD (NP (NP president) and (NP chief executive officer)) (PP of (NP this (ADJP financially troubled) department store chain)))) , (S-ADV (NP-SBJ *) (ADJP-PRD effective (NP-TMP Nov. 15))) , (S-ADV (NP-SBJ *-32) (VP succeeding (NP (NP Frank Robertson) , (SBAR (WHNP-61 who) (S (NP-SBJ *T*-61) (VP is (VP retiring (ADVP-TMP early)))))))))) .)) (TOP (S (NP-SBJ Mr. Zayadi) (VP was (ADVP-TMP previously) (NP-PRD (NP (NP president) and (NP chief operating officer)) (PP of (NP (NP Zellers Inc.) , (NP (NP a retail chain) (SBAR (WHNP-2 that) (S (NP-SBJ-33 *T*-2) (VP is (VP owned (NP *-33) (PP by (NP-LGS (NP Toronto-based (NP Hudson 's) Bay Co.) , (NP (NP Canada 's) largest department store operator)))))))))))) .)) (TOP (NP (NP Tuesday) , (NP October 31 , 1989))) (TOP (S (NP-SBJ (NP The key (UCP U.S. and foreign) annual interest rates) (ADVP-LOC below)) (VP (VP are (NP-PRD (NP a guide) (PP to (NP general levels)))) but (VP do n't (ADVP-TMP always) (VP represent (NP actual transactions)))) .)) (TOP (NP (NP PRIME RATE) : (NP (QP 10 1) %) .)) (TOP (NP (NP The base rate) (PP on (NP corporate loans)) (PP-LOC at (NP large U.S. money center commercial banks)) .)) (TOP (NP (NP FEDERAL FUNDS) : (NP (NP (ADJP 9 %) high) , (NP (ADJP (QP 8 13) %) low) , (NP (ADJP (QP 8 7) %) (ADJP near closing) bid) , (NP (NP (QP 8 15) %) (VP offered (NP *)))) .)) (TOP (S (NP-SBJ Reserves) (VP traded (PP-LOC among (NP commercial banks)) (PP-PRP for (NP overnight use)) (PP in (NP (NP amounts) (PP of (NP (QP $ 1 million) *U* (QP or more)))))) .)) (TOP (NP (NP Source) : (NP Fulton Prebon (PRN -LRB- U.S.A . -RRB-) Inc) .)) (TOP (NP (NP DISCOUNT RATE) : (NP 7 %) .)) (TOP (NP (NP The charge) (PP on (NP loans)) (PP to (NP depository institutions)) (PP by (NP the New York Federal Reserve Bank)) .)) (TOP (NP (NP CALL MONEY) : (NP (NP (QP 9 3) %) to (NP 10 %)) .)) (TOP (NP (NP The charge) (PP on (NP loans)) (PP to (NP brokers)) (PP on (NP stock exchange collateral)) .)) (TOP (NP (NP (NP COMMERCIAL PAPER) (VP placed (NP *) (ADVP-MNR directly) (PP by (NP-LGS General Motors Acceptance Corp.)))) : (NP (NP (NP 8.55 %) (NP (QP 30 to 44) days)) ; (NP (NP 8.25 %) (NP (QP 45 to 59) days)) ; (NP (NP 8.40 %) (NP (QP 60 to 89) days)) ; (NP (NP 8 %) (NP (QP 90 to 119) days)) ; (NP (NP 7.90 %) (NP (QP 120 to 149) days)) ; (NP (NP 7.80 %) (NP (QP 150 to 179) days)) ; (NP (NP 7.55 %) (NP (QP 180 to 270) days))) .)) (TOP (NP (NP COMMERCIAL PAPER) : (NP (NP (NP High-grade unsecured notes) (VP sold (NP *) (PP through (NP dealers)) (PP by (NP-LGS major corporations)) (PP in (NP (NP multiples) (PP of (NP $ 1,000 *U*)))))) : (NP (NP (NP 8.62 %) (NP 30 days)) ; (NP (NP 8.55 %) (NP 60 days)) ; (NP (NP 8.45 %) (NP 90 days)))) .)) (TOP (NP (NP (NP CERTIFICATES) (PP OF (NP DEPOSIT))) : (NP (NP (NP 8.09 %) (NP one month)) ; (NP (NP 8.04 %) (NP two months)) ; (NP (NP 8.03 %) (NP three months)) ; (NP (NP 7.96 %) (NP six months)) ; (NP (NP 7.92 %) (NP one year))) .)) (TOP (NP (NP Average) (PP of (NP (NP top rates) (VP paid (NP *) (PP by (NP-LGS major New York banks)) (PP on (NP (NP primary new issues) (PP of (NP negotiable C.D.s)))) , (PP (ADVP-TMP usually) on (NP (NP amounts) (PP of (NP (NP (QP $ 1 million) *U*) and (NP more)))))))) .)) (TOP (S (NP-SBJ The minimum unit) (VP is (NP-PRD $ 100,000 *U*)) .)) (TOP (NP (NP (NP Typical rates) (PP-LOC in (NP the secondary market))) : (NP (NP (NP 8.53 %) (NP one month)) ; (NP (NP 8.50 %) (NP three months)) ; (NP (NP 8.30 %) (NP six months))) .)) (TOP (NP (NP BANKERS ACCEPTANCES) : (NP (NP (NP 8.49 %) (NP 30 days)) ; (NP (NP 8.44 %) (NP 60 days)) ; (NP (NP 8.27 %) (NP 90 days)) ; (NP (NP 8.12 %) (NP 120 days)) ; (NP (NP 8.05 %) (NP 150 days)) ; (NP (NP 7.98 %) (NP 180 days))) .)) (TOP (NP (NP Negotiable , bank-backed business credit instruments) (VP (ADVP typically) financing (NP an import order)) .)) (TOP (NP (NP LONDON LATE EURODOLLARS) : (NP (NP (NP (NP (QP 8 3) %) to (NP (QP 8 5) %)) (NP one month)) ; (NP (NP (NP (QP 8 3) %) to (NP (QP 8 5) %)) (NP two months)) ; (NP (NP (NP (QP 8 11) %) to (NP (QP 8 9) %)) (NP three months)) ; (NP (NP (NP (QP 8 9) %) to (NP (QP 8 7) %)) (NP four months)) ; (NP (NP (NP (QP 8 1) %) to (NP (QP 8 3) %)) (NP five months)) ; (NP (NP (NP (QP 8 7) %) to (NP (QP 8 5) %)) (NP six months))) .)) (TOP (NP (NP (NP LONDON INTERBANK OFFERED RATES) (PRN -LRB- (NP LIBOR) -RRB-)) : (NP (NP (NP (QP 8 3) %) (NP one month)) ; (NP (NP (QP 8 11) %) (NP three months)) ; (NP (NP (QP 8 7) %) (NP six months)) ; (NP (NP (QP 8 7) %) (NP one year))) .)) (TOP (NP (NP The average) (PP of (NP interbank offered rates)) (PP for (NP dollar deposits)) (PP-LOC in (NP the London market)) (PP based (PP on (NP (NP quotations) (PP-LOC at (NP five major banks))))) .)) (TOP (NP (NP FOREIGN PRIME RATES) : (NP (NP (NP Canada) (NP 13.50 %)) ; (NP (NP Germany) (NP 9 %)) ; (NP (NP Japan) (NP 4.875 %)) ; (NP (NP Switzerland) (NP 8.50 %)) ; (NP (NP Britain) (NP 15 %))) .)) (TOP (S (S (NP-SBJ These rate indications) (VP are n't (ADJP-PRD directly comparable))) ; (S (NP-SBJ lending practices) (VP vary (ADVP-MNR widely) (PP by (NP location)))) .)) (TOP (NP (NP TREASURY BILLS) : (NP (NP (NP Results) (PP of (NP (NP the (NAC-TMP Monday , October 30 , 1989 ,) auction) (PP of (NP (NP short-term U.S. government bills) , (VP sold (NP *) (PP at (NP (NP a discount) (PP from (NP face value)))) (PP in (NP (NP units) (PP of (NP (QP $ 10,000 to $ 1 million) *U*)))))))))) : (NP (NP (NP 7.78 %) (NP 13 weeks)) ; (NP (NP 7.62 %) (NP 26 weeks)))) .)) (TOP (NP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP .) (PRN -LRB- (NP Freddie Mac) -RRB-)) : (NP (NP Posted yields) (PP on (NP 30-year mortgage commitments)) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days))))) .)) (TOP (NP (NP (NP 9.78 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 7.875 %) , (NP (ADJP 2 %) (ADJP rate capped) one-year adjustable rate mortgages)) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION) (PRN -LRB- (NP Fannie Mae) -RRB-)) : (NP (NP (NP Posted yields) (PP on (NP 30 year mortgage commitments)) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days)))) (PRN -LRB- (VP priced (NP *) (PP at (NP par))) -RRB-)) (NP (NP (NP 9.75 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 8.75 %) , (NP 6 (ADJP rate capped) one-year adjustable rate mortgages)))) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP MERRILL LYNCH READY ASSETS TRUST) : (NP 8.63 %) .)) (TOP (NP (NP (NP Annualized average rate) (PP of (NP return)) (PP-TMP after (NP (NP expenses) (PP for (NP the past 30 days))))) ; (NP (NP not a forecast) (PP of (NP future returns))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Canada 's) gross domestic product) (VP rose (NP-EXT an inflation-adjusted 0.3 %) (PP-TMP in (NP August)) , (PP-PRP (ADVP mainly) as (NP (NP a result) (PP of (NP service-industry growth)))))) , (NP-SBJ (NP Statistics Canada) , (NP a federal agency) ,) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The August GDP) (VP was (ADVP-PRD up (NP 2.4 %) (PP-DIR from (NP its year-earlier level)))) .)) (TOP (S (NP-SBJ GDP) (VP is (NP-PRD (NP the total value) (PP of (NP (NP (NP a nation 's) output) (PP of (NP goods and services)))))) .)) (TOP (S (NP-SBJ Statistics Canada) (VP said (SBAR 0 (S (NP-SBJ (NP service-industry output) (PP-TMP in (NP August))) (VP rose (NP-EXT 0.4 %) (PP-DIR from (NP-TMP July)))))) .)) (TOP (S (NP-SBJ (NP Output) (PP of (NP goods-producing industries))) (VP increased (NP-EXT 0.1 %)) .)) (TOP (S (ADVP Separately) , (NP-SBJ Statistics Canada) (VP reported (SBAR that (S (NP-SBJ its industrial-product price index) (VP dropped (NP-EXT 0.2 %) (PP-TMP in (NP September)) , (NP-ADV its third consecutive monthly decline))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP reported (NP (NP a (ADJP 2.6 %) decline) (PP-LOC in (NP its raw-materials price index)) (PP for (NP September)))) .)) (TOP (S (NP-SBJ-34 Columbia Pictures Entertainment Inc.) (VP was (VP dropped (NP *-34) , (ADJP-ADV effective (NP-TMP today)) , (PP-DIR from (NP (NP the recreational products and services industry group) (PP of (NP the Dow Jones Equity Market Index)))))) .)) (TOP (S (NP-SBJ-35 Columbia Pictures) (VP is (VP being (VP acquired (NP *-35) (PP by (NP-LGS (NP Sony Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ-36 *T*-1) (VP is (VP based (NP *-36) (PP-LOC-CLR in (NP Japan))))))))))) .)) (TOP (S (NP-SBJ (NP People 's) Savings Financial Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP buy (ADVP-CLR back) (NP (NP (QP as much as 10) %) (PP of (NP (NP its (QP 2.4 million) shares) (ADJP outstanding)))) (SBAR-PRP because (S (NP-SBJ-37 the stock) (VP is (VP undervalued (NP *-37)))))))))) .)) (TOP (S (NP-SBJ The holding company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP has (VP been (VP `` (ADVP-MNR unfairly) associated '' (NP *-1) (PP-CLR with (NP (NP other banks) (PP-LOC in (NP New England)) (SBAR (WHNP-62 that) (S (NP-SBJ *T*-62) (VP have (VP had (NP major loan losses) (PP-TMP in (NP recent quarters)))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ its (NP People 's) Savings Bank unit) (VP does n't (VP have (NP (NP a `` large exposure) (PP to (NP (NP (UCP construction and commercial) loans) (SBAR (WHNP-63 that) (S (NP-SBJ *T*-63) (VP have (VP caused (NP (NP the loan-loss problems) (PP-LOC in (NP (NP many) (PP of (NP the banks))))))))))))))))) .)) (TOP (S (NP-SBJ-38 (NP A seat) (PP-LOC on (NP the Chicago Mercantile Exchange))) (VP was (VP sold (NP *-38) (PP for (NP (NP $ 410,000 *U*) , (ADVP down (NP $ 6,000 *U*) (PP from (NP (NP the previous sale) (NP-TMP Oct)))))))) .)) (TOP (S (NP-SBJ-39 Seats) (ADVP-TMP currently) (VP are (VP quoted (NP *-39) (PP-CLR at (NP (NP (NP $ 400,000 *U*) (VP bid (NP *))) , (NP (NP $ 425,000 *U*) (VP asked (NP *))))))) .)) (TOP (S (NP-SBJ (NP The record price) (PP for (NP (NP a full membership) (PP-LOC on (NP the exchange)))) (VP *ICH*-1)) (VP is (NP-PRD $ 550,000 *U*) , (VP-1 set (NP *) (NP-TMP-CLR March 9))) .)) (TOP (S (PP-LOC In (NP a surprise move)) , (NP-SBJ-1 the British government) (VP cleared (NP the way) (PP-PRP for (NP (NP a bidding war) (PP for (NP Jaguar PLC)))) (PP-MNR by (S-NOM (NP-SBJ-2 *-1) (VP agreeing (S (NP-SBJ *-2) (VP to (VP remove (NP (NP an obstacle) (PP to (NP (NP a takeover) (PP of (NP the auto maker)))))))))))) .)) (TOP (S (NP-SBJ Trade and Industry Secretary Nicholas Ridley) (VP told (NP (NP the House) (PP of (NP Commons))) (NP-TMP yesterday) (SBAR that (S (NP-SBJ he) (VP will (VP relinquish (NP (NP (NP the government 's) so-called golden share) (PP-LOC in (NP the company))) (ADVP (ADVP as long) (SBAR as (S (NP-SBJ Jaguar shareholders) (VP agree))))))))) .)) (TOP (S (NP-SBJ The golden share) (VP (VP restricts (NP any individual holding) (PP-CLR to (NP-ADV 15 %))) and (VP expires (PP-TMP-CLR at (NP (NP the end) (PP of (NP 1990)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP It) (SBAR *EXP*-3)) (VP was (PP-PRD in (NP (NP Jaguar 's) best interests)) `` (SBAR-3 for (S (S (NP-SBJ-40 (NP the company 's) future) (VP to (VP be (ADJP-PRD assured)))) and (S (NP-SBJ (NP the present climate) (PP of (NP uncertainty))) (VP resolved (ADVP-TMP (ADVP as quickly) (PP as (ADJP possible)))))))) , '') (NP-SBJ Mr. Ridley) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Mr. Ridley 's) decision) (VP fires (NP the starting pistol) (PP-PRP for (NP (NP perhaps a costly contest) (PP between (NP (NP the world 's) auto giants)) (PP for (NP (NP Britain 's) leading luxury-car maker))))) .)) (TOP (S (NP-SBJ-1 Both (NP General Motors Corp.) and (NP Ford Motor Co.)) (VP have (VP been (VP trying (S (NP-SBJ *-1) (VP to (VP amass (NP (NP 15 % stakes) (PP-LOC in (NP Jaguar))))))))) .)) (TOP (S (NP-SBJ (NP-1 Ford) , (SBAR (WHNP-64 which) (S (NP-SBJ *T*-64) (ADVP-TMP already) (VP has (NP an unwelcome (ADJP 13.2 %) holding)))) ,) (VP (VP is (ADJP-PRD prepared (S (NP-SBJ *-1) (VP to (VP bid (PP-PRP for (NP the entire company))))))) and (VP had (VP lobbied (S (NP-SBJ the government) (VP to (VP lift (NP the takeover restrictions) (ADVP-TMP early))))))) .)) (TOP (S (NP-SBJ GM) (VP has (VP been (VP negotiating (NP (NP a friendly transaction) (PP with (NP Jaguar)) (SBAR (WHNP-65 that) (S (NP-SBJ *T*-65) (ADVP likely) (VP would (VP involve (NP (NP joint ventures) and (NP (NP an eventual stake) (PP of (NP (QP just under 30) %)))))))))))) .)) (TOP (S But (NP-SBJ-3 (NP (NP the government 's) action) , (SBAR (WHNP-66 which) (S (NP-SBJ *T*-66) (VP caught (NP-2 Jaguar management) (S-ADV (NP-SBJ *-2) (ADJP-PRD flat-footed))))) ,) (VP may (VP scuttle (NP the GM minority deal) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP forcing (S (NP-SBJ it) (VP to (VP fight (PP-PRP for (NP (NP all) (PP of (NP Jaguar)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP ca n't (VP believe (SBAR 0 (S (NP-SBJ they (PRN -LRB- GM -RRB-)) (VP will (VP let (S (NP-SBJ Ford) (VP have (NP a free run)))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Stephen Reitman) , (NP (NP a European auto industry analyst) (PP-LOC at (NP UBS-Phillips & Drew)))) .)) (TOP (S `` (NP-SBJ I) (VP am (ADJP-PRD sure (SBAR 0 (S (NP-SBJ they) (VP will (VP be (VP going (PP-CLR for (NP a full bid))))))))) . '')) (TOP (S (NP-SBJ Many investors) (ADVP certainly) (VP believe (SBAR 0 (S (NP-SBJ a bidding war) (VP is (ADJP-PRD imminent))))) .)) (TOP (S (NP-SBJ Jaguar shares) (VP skyrocketed (NP-TMP yesterday) (PP-TMP after (NP (NP Mr. Ridley 's) announcement)) , (PP-TMP following (NP (NP their temporary suspension) (PP-LOC on (NP (NP London 's) Stock Exchange))))) .)) (TOP (S (PP-TMP In (NP late trading)) , (NP-SBJ the shares) (VP were (ADVP-PRD up (NP (NP a whopping 122 pence) (PRN -LRB- (NP $ 1.93 *U*) -RRB-) (PRN -- (NP a (ADJP 16.3 %) gain) --))) (PP-DIR to (NP a record 869 pence)) (PP on (NP (NP (ADJP very heavy) volume) (PP of (NP (QP 9.7 million) shares))))) .)) (TOP (S (PP-LOC In (NP the U.S. over-the-counter market)) , (NP-SBJ (NP Jaguar shares) (VP trading (PP-CLR as (NP American Depositary Receipts)))) (VP closed (PP-CLR at (NP $ 13.625 *U*)) , (ADVP up (NP $ 1.75 *U*))) .)) (TOP (S (NP-SBJ Analysts) (VP expect (SBAR 0 (S (NP-SBJ Ford) (VP will (VP make (NP the first move) , (NP-TMP (ADVP perhaps) today) , (PP with (NP (NP an initial offer) (PP of (NP (NP (NP (QP about 900) pence) (PRN -LRB- (NP $ 14.25 *U*) -RRB-)) (NP-ADV a share)))))))))) .)) (TOP (S (NP-SBJ Such a proposal) (VP values (NP Jaguar) (PP-CLR at (NP (NP (QP more than # 1.6 billion) *U*) (PRN -LRB- (NP (QP $ 2.53 billion) *U*) -RRB-)))) .)) (TOP (S (NP-SBJ (NP Speculation) (PP about (NP a takeover fight))) (VP has (VP sent (S (NP-SBJ Jaguar shares) (VP soaring)) (PP-TMP in (NP the past six weeks)))) .)) (TOP (S (NP-SBJ The share price) (VP was (VP languishing (PP-LOC-CLR at (NP (QP about 400) pence)) (PP-TMP before (NP (NP (NP Ford 's) Sept. 19 announcement) (PP of (NP (NP its interest) (PP in (NP a minority stake)))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Ford) (VP is `` (PP-LOC-PRD in (NP the driving seat)) (PP-TMP at (NP the moment)))) , '' (VP observed (SBAR 0 (S *T*-1))) (NP-SBJ (NP Bob Barber) , (NP (NP an auto analyst) (PP-LOC at (NP brokers James Capel & Co)))) .)) (TOP (S (NP-SBJ (NP An aggressive Ford bid) (PP for (NP Jaguar))) (VP would (VP put (NP pressure (S *ICH*-1)) (PP-PUT on (NP GM)) (S-1 (NP-SBJ *) (VP to (VP make (NP a better offer) (PP as (NP (NP the British company 's) `` white knight))))))) . '')) (TOP (S (NP-SBJ Such a countermove) (VP could (VP end (NP (NP (NP Jaguar 's) hopes) (PP for (S-NOM (NP-SBJ *) (VP remaining (ADJP-PRD independent and British-owned))))))) .)) (TOP (S But (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is n't (ADJP-PRD clear) (SBAR-1 (WHADVP-2 how long) (S (NP-SBJ-3 GM) (VP would (VP be (ADJP-PRD willing (S (NP-SBJ *-3) (VP to (VP fight (NP Ford) (PP-PRP for (NP Jaguar)))))) (ADVP-TMP *T*-2)))))) .)) (TOP (SINV (S-TPC-2 (PP-PRP Because of (NP their longstanding rivalry)) , (NP-SBJ-1 GM) (ADVP just) `` (VP wants (S (NP-SBJ *-1) (VP to (VP make (S (ADJP-PRD sure) (SBAR-SBJ 0 (S (NP-SBJ Ford) (VP pays (NP a huge packet) (PP-CLR for (PRN -LRB- (NP Jaguar) -RRB-))))))))))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP John Lawson) , (NP (NP an auto analyst) (PP-LOC at (NP (NP London 's) Nomura Research Institute)))) .)) (TOP (S (NP-SBJ (NP People) (ADJP close (PP to (NP the GM-Jaguar talks)))) (VP agreed (SBAR that (S (NP-SBJ-1 Ford) (ADVP-TMP now) (VP may (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP shut (PRT out) (NP General Motors)))))))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ-1 It) (VP 's either (VP going (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a shootout))))) ,)) or (S (NP-SBJ there) (ADVP only) (VP may (VP be (NP-PRD one player) (PP-LOC in (NP town)))))) , '' (NP-SBJ one person) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ (NP Another person) (ADJP close (PP to (NP the talks)))) (VP said , (SBAR 0 `` (S (NP-SBJ (NP It) (S *EXP*-2)) (VP is (ADJP-PRD very hard) (S-2 (NP-SBJ-3 *) (VP to (VP justify (S (NP-SBJ *-3) (VP paying (NP a silly price) (PP-CLR for (NP Jaguar))))))) (SBAR-ADV if (S (NP-SBJ-1 an out-and-out bidding war) (VP were (S (NP-SBJ *-1) (VP to (VP start (ADVP-TMP now))))))))))) . '')) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ (NP Jaguar 's) board) (VP said (SBAR 0 (S (NP-SBJ-2 they) `` (VP (VP were not (VP consulted (NP *-2) (PP about (NP the (PRN -LRB- Ridley decision -RRB-))) (PP-TMP in (NP advance)))) and (VP were (VP surprised (NP *-2) (PP at (NP (NP-1 the action) (VP taken (NP *-1)))))))))) . '')) (TOP (S (NP-SBJ The statement) (VP emphasized (SBAR that (S (NP-SBJ-1 (NP holders) (VP representing (NP (NP 75 %) (PP of (NP (NP the shares) (VP voting (PP-LOC at (NP (NP a special shareholders ') meeting)))))))) (VP must (VP agree (S (NP-SBJ *-1) (VP to (VP lift (NP the takeover restrictions))))))))) .)) (TOP (S (NP-SBJ (NP Jaguar officials) (PP-LOC in (NP the U.S.))) (VP noted (SBAR that (S (NP-SBJ Ford) , (PP as (NP (NP Jaguar 's) largest shareholder)) , (ADVP-TMP now) (VP has (NP the power (S (NP-SBJ *) (VP to (VP call (PP-CLR for (NP such a meeting)))))))))) .)) (TOP (S (NP-SBJ U.S. auto analysts) (ADVP also) (VP noted (SBAR that (S (NP-SBJ Ford) (VP is (PP-LOC-PRD in (NP (NP the best position) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP benefit (PP-CLR from (NP (NP the large number) (PP of (NP (NP Jaguar shares) (SBAR (WHNP-67 that) (S (NP-SBJ *T*-67) (VP have (VP moved (PP-TMP over (NP the past month)) (PP-DIR into (NP (NP the hands) (PP of (NP (NP arbitragers) (VP waiting (PP-CLR for (NP the highest takeover bid))))))))))))))) (ADVP *T*-2))))))))))) .)) (TOP (S-2 (NP-SBJ-41 (NP (NP Jaguar 's) own defenses) (PP against (NP a hostile bid))) (VP are (VP weakened (NP *-41) (PRN , (S (NP-SBJ analysts) (VP add (SBAR 0 (S *T*-2)))) ,) (SBAR-PRP because (S (NP-SBJ-42 (NP (QP fewer than 3) %) (PP of (NP its shares))) (VP are (VP owned (NP *-42) (PP by (NP-LGS employees and management)))))))) .)) (TOP (S (NP-SBJ-2 (NP Ford officials) (PP-LOC in (NP the U.S.))) (VP declined (S (NP-SBJ *-2) (VP to (VP comment (PP-CLR (PP on (NP (NP the British government 's) action)) or (PP on (NP any plans (S (NP-SBJ *) (VP to (VP call (NP a special Jaguar shareholders meeting))))))))))) .)) (TOP (S But (NP-SBJ GM officials) (VP said (SBAR 0 (S (NP-SBJ-43 they) , (ADVP too) , (VP were (VP surprised (NP *-43) (PP by (NP-LGS (NP the move) , (SBAR (WHNP-68 which) (S (NP-SBJ *T*-68) (VP left (S (NP-SBJ them) (VP to `` (VP (VP consider (NP all our options)) and (VP explore (NP matters) (ADVP further))))))))))))))) . '')) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 GM) (VP has (NP U.S. approval (S (NP-SBJ *-1) (VP to (VP buy (NP (NP (QP up to 15) %) (PP of (NP (NP Jaguar 's) stock)))))))))) , (NP-SBJ it) (VP has n't (ADVP-TMP yet) (VP disclosed (SBAR (WHNP-3 (WHADVP how many) shares) (S (NP-SBJ it) (ADVP-TMP now) (VP owns (NP *T*-3)))))) .)) (TOP (S (PP-LOC In (NP a prepared statement)) , (NP-SBJ GM) (VP suggested (SBAR 0 (S (NP-SBJ (NP its plans) (PP for (NP Jaguar))) (VP would (VP be (ADJP-PRD (ADJP more valuable) (PP *ICH*-2)) (PP-TMP in (NP the long run)) (PP-2 than (NP (NP the initial windfalls) (SBAR (WHNP-1 0) (S (NP-SBJ investors) (VP might (VP reap (NP *T*-1) (PP-CLR from (NP a hostile Ford bid))))))))))))) .)) (TOP (S-1 `` (NP-SBJ (NP Our intensive discussions) (PP with (NP Jaguar)) , (PP at (NP their invitation))) (PRN , '' (S (NP-SBJ GM) (VP said (S *T*-1))) ,) `` (VP have (PP as (NP their objectives)) (S (NP-SBJ *) (VP (VP to (VP create (NP (NP a cooperative business relationship) (PP with (NP Jaguar)) (SBAR (WHNP-69 that) (S (NP-SBJ *T*-69) (VP would (VP provide (PP-CLR for (NP (NP the continued independence) (PP of (NP this great British car company))))))))))) , (VP to (VP ensure (NP (NP a secure future) (PP for (NP its employees))))) and (VP to (VP provide (NP an attractive long-term return) (PP-CLR for (NP its shareholders))))))) . '')) (TOP (S (NP-SBJ-44 Jaguar) (VP was (VP shocked (NP *-44) (PP by (NP-LGS (NP Mr. Ridley 's) decision) , (SBAR-PRP because (S (NP-SBJ management) (VP had (VP believed (SBAR 0 (S (NP-SBJ-1 the government) (VP would n't (VP lift (NP the golden share) (PP without (S-NOM (NP-SBJ *-1) (VP consulting (NP the company) (ADVP-TMP first))))))))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ the government) (VP is (VP taking (NP a calculated risk))) .)) (TOP (S (NP-SBJ (NP Mr. Ridley 's) announcement) (VP set (PRT off) (NP (NP a howl) (PP of (NP (NP protests) (PP from (NP (NP (NP members) (PP of (NP the opposition Labor Party))) , (SBAR (WHNP-70 who) (S (NP-SBJ *T*-70) (VP accused (NP-1 the Thatcher administration) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP backing (ADVP down (PP on (NP (NP promised protection) (PP for (NP a privatized company))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The British government) (VP retained (NP the single golden share) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP selling (NP (NP its stake) (PP-LOC in (NP Jaguar))) (FRAG (PP in)))))))) (TOP (S (NP-SBJ (NP The Conservative government 's) decision) (VP may (VP reflect (NP its desire (S (NP-SBJ *) (VP to (VP shed (NP a (ADJP politically sensitive) issue) (PP-TMP (ADVP well) before (NP (NP the next election) , (VP expected (NP *) (PP-TMP in (NP late 1991))))))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ It) (VP 's (ADVP-TMP now) (NP-PRD (NP a (ADJP very good) time) (ADVP politically) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP get (S (NP-SBJ this) (ADVP-PRD (ADVP over) and (ADVP done (PP with)))) (ADVP-TMP *T*-3)))))))) , '' (VP observed (S *T*-4)) (NP-SBJ (NP Daniel Jones) , (NP (NP professor) (PP of (NP motor industry management)) (PP-LOC at (NP (NP (NP the University) (PP of (NP Cardiff))) (PP-LOC in (NP Wales)))))) .)) (TOP (S (NP-SBJ-1 (NP The government) , (VP (ADVP-TMP already) buffeted (NP *) (PP by (NP-LGS (NP high interest rates) and (NP a slowing economy)))) ,) (VP has (VP been (VP (ADVP-MNR badly) hurt (NP *-1) (PP by (NP-LGS (NP (NP last week 's) shake-up) (PP-LOC in (NP (NP Mrs. Thatcher 's) cabinet))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 the government) (VP did n't (VP want (S (NP-SBJ-2 *-1) (VP to (VP appear (S (NP-SBJ *-2) (VP to (VP favor (NP GM)))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP allowing (NP (NP a minority stake) (SBAR (WHNP-71 that) (S (NP-SBJ *T*-71) (VP might (VP preclude (NP (NP a full bid) (PP by (NP Ford)))))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Ridley) (VP hinted (PP-CLR at (NP this motive)) (PP in (S-NOM (NP-SBJ *-1) (VP answering (NP (NP questions) (PP from (NP (NP members) (PP of (NP Parliament))))) (PP-TMP after (NP his announcement)))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP was (VP giving (PRT up) (NP the golden share) `` (S-PRP (NP-SBJ *-1) (VP to (VP clear (NP the way) (SBAR-PRP so (S (NP-SBJ the playing field) (VP is (ADJP-PRD level) (PP between (NP all contestants))))))))))))) . '')) (TOP (S (NP-SBJ (NP Bradley A. Stertz) (PP-LOC in (NP Detroit))) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ (NP (NP Dow Chemical Co.) , (NP-LOC (NP Midland) , (NP Mich.))) , and (NP (NP Eli Lilly & Co.) , (NP-LOC Indianapolis) ,)) (VP said (SBAR 0 (S (NP-SBJ they) (VP completed (NP (NP the formation) (PP of (NP (NP Dow Elanco) , (NP (NP a joint venture) (VP combining (NP (NP their plant-sciences businesses) (CONJP as well as) (NP (NP Dow 's) industrial pest-control business))))))))))) .)) (TOP (S (NP-SBJ The companies) (VP said (SBAR 0 (S (NP-SBJ Dow Elanco) (VP will (VP be (NP-PRD (NP the largest research-based agricultural concern) (PP-LOC in (NP North America))) , (PP with (NP (NP projected first-year revenue) (PP of (NP (QP $ 1.5 billion) *U*))))))))) .)) (TOP (S (NP-SBJ Dow) (VP will (VP own (NP (NP 60 %) (PP of (NP the venture))) , (PP with (S-NOM (NP-SBJ Eli Lilly) (VP holding (NP the rest)))))) .)) (TOP (S (NP-SBJ-45 The venture) (VP will (VP be (VP based (NP *-45) (PP-LOC-CLR in (NP Indianapolis))))) .)) (TOP (S (NP-SBJ-46 (NP William A. Wise) , (ADJP (NP 44 years) old) , (NP (NP president) (PP of (NP (NP the El Paso Natural Gas Co. unit) (PP of (NP this energy and natural-resources concern))))) ,) (VP was (VP named (NP *-46) (PP-CLR to (NP (NP the additional post) (PP of (NP chief executive officer)))) , (S-ADV (NP-SBJ *-46) (VP succeeding (NP (NP Travis H. Petty) , (NP 61) , (SBAR (WHNP-72 who) (S (NP-SBJ *T*-72) (VP continues (PP as (NP (NP a vice chairman) (PP of (NP the parent)))))))))))) .)) (TOP (S (NP-SBJ (NP Erwin Tomash) , (NP (NP (NP the 67-year-old founder) (PP of (NP (NP this maker) (PP of (NP data communications products))))) and (NP a former (NX (NX chairman) and (NX chief executive)))) ,) (VP resigned (PP as (NP a director))) .)) (TOP (S (NP-SBJ Dataproducts) (VP is (VP fighting (NP (NP a hostile tender offer) (PP by (NP (NP DPC Acquisition Partners) , (NP (NP a group) (VP led (NP *) (PP by (NP-LGS (ADJP New York-based) Crescott Investments Associates))))))))) .)) (TOP (S-2 (PP-LOC Under (NP the circumstances)) (PRN , (S (NP-SBJ Dataproducts) (VP said (S *T*-2))) ,) (NP-SBJ Mr. Tomash) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP was (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP devote (NP (NP the time) (VP required (NP *))))))) (PP-PRP because of (NP other commitments)))))) .)) (TOP (S (NP-SBJ Mr. Tomash) (VP will (VP remain (PP as (NP a director emeritus)))) .)) (TOP (S (NP-SBJ The company) (VP had (NP (NP no comment) (PP on (SBAR whether (S (NP-SBJ-47 a replacement) (VP would (VP be (VP named (NP *-47))))))))) .)) (TOP (S (NP-SBJ-48 (NP Robert Q. Marston) , (NP (NP (NP president emeritus) , (NP (NP University) (PP of (NP Florida))) ,) and (NP (NP a director) (PP of (NP (NP this maker) (PP of (NP medical devices)))))) ,) (VP was (VP named (S (NP-SBJ *-48) (NP-PRD chairman)))) .)) (TOP (S (NP-SBJ (NP Dr. Marston) , (ADJP (NP 66 years) old) ,) (VP succeeds (NP (NP Alexander T. Daignault) , (NP 72) , (SBAR (WHNP-73 who) (S (NP-SBJ *T*-73) (VP did n't (VP stand (PP-CLR for (NP re-election)) (ADVP-PRP due (PP to (NP mandatory board retirement policy))))))))) .)) (TOP (S (NP-SBJ SFE Technologies) (VP said (SBAR 0 (S (NP-SBJ-49 William P. Kuehn) (VP was (VP elected (S (NP-SBJ *-49) (NP-PRD (NP (NP chairman) and (NP chief executive officer)) (PP of (NP this troubled electronics parts maker))))))))) .)) (TOP (S (NP-SBJ (NP The 45-year-old Mr. Kuehn) , (SBAR (WHNP-74 who) (S (NP-SBJ *T*-74) (VP has (NP (NP a background) (PP-LOC in (NP crisis management)))))) ,) (VP succeeds (NP (NP Alan D. Rubendall) , (NP 45))) .)) (TOP (S (NP-SBJ (NP Jerome J. Jahn) , (NP (NP executive vice president) and (NP chief financial officer)) ,) (VP said (SBAR 0 (S (NP-SBJ Mr. Rubendall) (VP was (VP resigning (PP by (NP `` (NP mutual agreement) '' (PP with (NP the board))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 He) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP pursue (NP other interests))))))) , '' (NP-SBJ Mr. Jahn) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ-50 Mr. Rubendall) (VP could n't (VP be (VP reached (NP *-50)))) .)) (TOP (S-1 (NP-SBJ Mr. Kuehn) (PRN , (S (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1)))) ,) (VP will (VP retain (NP (NP the rest) (PP of (NP the current management team))))) .)) (TOP (S (PP For (NP (NP the nine months) (VP ended (NP-TMP July 29)))) , (NP-SBJ SFE Technologies) (VP reported (NP (NP a net loss) (PP of (NP $ 889,000 *U*)) (PP on (NP (NP sales) (PP of (NP (QP $ 23.4 million) *U*)))))) .)) (TOP (S (NP-SBJ That) (VP compared (PP-CLR with (NP (NP an operating loss) (PP of (NP (QP $ 1.9 million) *U*)) (PP on (NP (NP sales) (PP of (NP (QP $ 27.4 million) *U*)))) (PP-TMP in (NP the year-earlier period))))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) , (NP-SBJ SFE Technologies shares) (VP closed (NP-TMP yesterday) (PP-CLR at (NP (NP 31.25 cents) (NP-ADV a share))) , (ADVP up (NP 6.25 cents))) .)) (TOP (S (S (NP-SBJ (NP Sales) (PP of (NP new cars)) (PP-LOC in (NP Europe))) (VP fell (NP-EXT 4.2 %) (PP-TMP in (NP September)) (PP-DIR from (ADVP-TMP (NP a year) earlier)))) and (S (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ-1 the market) (VP could (VP continue (S (NP-SBJ *-1) (VP to (VP soften))) (PP-TMP in (NP the months ahead)))))))) .)) (TOP (S (PP-TMP After (NP (NP a stronger-than-expected pace) (NP-TMP early this year))) , (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ the market) , (PP-TMP after (NP (NP a series) (PP of (NP sharp swings)) (PP-LOC in (NP recent months)))) , (ADVP-TMP now) (VP shows (NP (NP signs) (PP of (NP retreating))))))) .)) (TOP (S (NP-SBJ (NP Statistics) (PP from (NP (NP 12 countries) (SBAR (WHNP-75 which) (S (NP-SBJ *T*-75) (ADVP normally) (VP account (PP-CLR for (NP (NP 94 %) (PP of (NP (NP non-communist Europe 's) passenger car sales)))))))))) (VP showed (SBAR 0 (S (NP-SBJ new car registrations) (VP totaled (NP 911,606) (PP-TMP in (NP September)) , (ADVP (ADVP down (NP 21 %) (PP from (NP-TMP August))) and (ADVP down (NP 4.2 %) (PP for (NP (NP the year) (PP to (NP date)))))))))) .)) (TOP (S (NP-SBJ Tokyo stocks) (VP rebounded (NP-TMP Tuesday) (PP-DIR from (NP two consecutive daily losses)) (PP-LOC in (NP (ADJP relatively active) dealings))) .)) (TOP (S (NP-SBJ London shares) (ADVP also) (VP rose , (SBAR-ADV while (S (NP-SBJ (NP trading) (PP-LOC in (NP (NP Frankfurt) , (NP West Germany) ,))) (VP ended (ADVP-CLR higher))))) .)) (TOP (S (PP-LOC In (NP Tokyo)) , (NP-SBJ (NP the Nikkei index) (PP of (NP 225 selected issues))) (VP was (ADVP-PRD up (NP 132.00 points)) (PP-DIR to (NP 35549.44))) .)) (TOP (S (NP-SBJ The index) (VP fell (NP-EXT 109.85) (NP-TMP Monday)) .)) (TOP (S (NP-SBJ-51 (NP Volume) (PP-LOC on (NP the First Section))) (VP was (VP estimated (NP *-51) (PP-CLR at (NP (QP 900 million) shares)) , (ADVP up (PP from (NP (NP (QP 582 million) shares) (NP-TMP Monday)))))) .)) (TOP (S (NP-SBJ Advancing issues) (VP outnumbered (NP decliners) (ADVP 542 to 362) , (SBAR-ADV while (S (NP-SBJ 208 issues) (VP were (ADJP-PRD unchanged))))) .)) (TOP (S (NP-SBJ (NP Small-lot buying) (VP targeted (NP *) (PP-CLR at (NP incentive-backed issues)))) (VP pushed (ADVP-DIR up) (NP the Nikkei)) .)) (TOP (S But (NP-SBJ-1 other sectors) (VP (VP failed (S (NP-SBJ *-1) (VP to (VP attract (NP investor interest))))) and (VP remained (ADJP-PRD sluggish)) , (S-ADV (NP-SBJ *-1) (VP making (S (NP-SBJ overall trading) (VP appear (ADJP-PRD mixed)))))) .)) (TOP (S (NP-SBJ (NP Individuals and corporations) , (CONJP as well as) (NP (NP dealers) (VP trading (PP-PRP for (NP their own account)))) ,) (VP (ADVP-MNR actively) bought (NP-TMP Tuesday)) .)) (TOP (S (NP-SBJ (NP An official) (PP-LOC at (NP Wako Securities))) (VP said (SBAR 0 (S (NP-SBJ these investors) (VP feel (NP the need (S (NP-SBJ *) (VP to (VP make (NP quick profits))))) , (PP despite (NP (NP destabilizing external factors) , (PP such as (NP (NP political uncertainty) (VP tied (NP *) (PP-CLR to (NP (NP (NP the ruling party 's) fate) (PP-LOC at (NP (NP (NP-TMP next year 's) Lower House elections) - (NP (NP an event) (SBAR (WHNP-76 which) (S (NP-SBJ *T*-76) (VP could (VP (ADVP-MNR directly) affect (NP the stock market))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The Tokyo Stock Price Index) (PP of (NP (NP all issues) (VP listed (NP *) (PP-LOC-CLR in (NP (NP the First Section) , (SBAR (WHNP-77 which) (S (NP-SBJ *T*-77) (VP declined (NP-EXT 5.16) (PP-TMP on (NP Monday))))) ,)))))) (VP was (ADVP-PRD up (NP (NP 16.05) , or (NP 0.60 %) ,)) (PP-LOC at (NP 2692.65)) (PP-TMP on (NP Tuesday))) .)) (TOP (S (NP-SBJ-1 (NP The Second Section index) , (SBAR (WHNP-78 which) (S (NP-SBJ *T*-78) (VP fell (NP-EXT 21.44 points) (NP-TMP Monday)))) ,) (VP was (ADVP-PRD up (NP (NP 6.84 points) , or (NP 0.19 %) ,)) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP 3642.90)))))) .)) (TOP (S (NP-SBJ-52 Second Section volume) (VP was (VP estimated (NP *-52) (PP-CLR at (NP (QP 14 million) shares)) , (S-ADV (NP-SBJ *-52) (ADJP-PRD unchanged (PP from (NP Monday)))))) .)) (TOP (S (NP-SBJ Institutional investors) (ADVP mostly) (VP remained (PP-LOC-PRD on (NP the sidelines)) (NP-TMP Tuesday)) .)) (TOP (S (NP-SBJ (NP A fund manager) (PP-LOC at (NP a life-insurance company))) (VP said (SBAR 0 (S (NP-SBJ three factors) (VP make (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD difficult) (S-1 (NP-SBJ *) (VP to (VP read (NP market direction))))))))) .)) (TOP (S-1 (ADVP First) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 domestic interest rates) (VP are (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP stay (PP-LOC-PRD at (NP higher levels)))))) (SBAR-ADV as (S (NP-SBJ (NP increased anticipation) (PP of (NP inflation))) (VP followed (NP (NP rising consumer prices) (VP reported (NP *) (NP-TMP last week))))))) .)) (TOP (S (ADVP Second) , (NP-SBJ the dollar) (VP is (VP showing (NP persistent strength) (PP despite (NP (NP a slowdown) (PP-LOC in (NP the U.S. economy)) (VP shown (NP *) (PP by (NP-LGS economic indicators))))))) .)) (TOP (S (ADVP Third) , (NP-SBJ oil prices) (VP have n't (VP declined (SBAR-ADV although (S (NP-SBJ supply) (VP has (VP been (VP increasing))))))) .)) (TOP (S (NP-SBJ (NP The topic) (SBAR (WHNP-79 that) (S (NP-SBJ *T*-79) (VP attracted (NP (NP participants ') attention))))) (VP was (NP-PRD (NP (NP Mitsubishi Estate 's) purchase) (PP of (NP (NP 51 %) (PP of (NP Rockefeller Center Properties)))) , (VP announced (NP *) (NP-TMP late Monday) (PP-LOC in (NP New York))))) .)) (TOP (S (NP-SBJ Mitsubishi Estate) (VP ended (NP the day) (PP-LOC at (NP 2680)) , (ADVP up (NP 150))) .)) (TOP (S (S-TPC-1 (NP-SBJ The gains) (ADVP also) (VP sparked (NP (NP buying interest) (PP in (NP other real-estate companies))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Sumitomo Realty & Development) (VP rose (NP-EXT 40) (PP-DIR to (NP 2170))) .)) (TOP (S (NP-SBJ Heiwa Real Estate) (VP gained (NP 40) (PP-DIR to (NP 2210))) .)) (TOP (S (S-TPC-1 (NP-SBJ Investor focus) (VP shifted (ADVP-MNR quickly))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP Many) (PP of (NP the morning-session winners))) (VP turned (PRT out) (S (NP-SBJ *-1) (VP to (VP be (NP-PRD losers)))) (PP-TMP by (NP afternoon))) .)) (TOP (S (PP-LOC In (NP other stock-market news)) , (NP-SBJ the Tokyo Stock Exchange) (VP said (SBAR that (S (PP for (NP (NP the week) (VP ended (NP-TMP Friday)))) , (NP-SBJ (NP the balance) (PP of (NP margin buying))) (VP rose (NP-EXT (NP (QP 189.8 billion) yen) (PRN -LRB- (NP (QP $ 1.34 billion) *U*) -RRB-)) , (PP-DIR to (NP (NP (QP 7.160 trillion) yen) (PRN -LRB- (NP (QP $ 50.46 billion) *U*) -RRB-))))))) .)) (TOP (S (NP-SBJ (NP The balance) (PP of (NP (NP short positions) (ADJP outstanding)))) (VP fell (NP-EXT (QP 159.7 billion) yen) , (PP-DIR to (NP (QP 779.8 billion) yen))) .)) (TOP (S (PP-LOC In (NP London)) , (NP-SBJ-1 prices) (VP finished (PP-CLR at (NP intraday peaks)) , (S-ADV (NP-SBJ-2 *-1) (VP comforted (NP *-2) (PP by (NP-LGS (NP (NP a reassuring early performance) (PP-LOC on (NP Wall Street))) and (NP news (SBAR that (S (NP-SBJ the British government) (VP will (VP waive (NP (NP its `` golden share '') (PP-LOC in (NP auto maker Jaguar))))))))))))) .)) (TOP (S But (NP-SBJ trading) (VP was (ADJP-PRD very sketchy) , (SBAR-ADV as (S (NP-SBJ investment decision makers) (VP remain (ADJP-PRD wary) (PP from (NP (NP gyrations and upsets) (PP of (NP recent weeks)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Volume) (VP has (VP been (ADJP-PRD appalling)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP a dealer) (PP-LOC at (NP a British brokerage concern))) .)) (TOP (S `` (NP-SBJ-53 The market) (VP was (VP dragged (NP *-53) (ADVP-DIR up) (PP by (NP (NP the scruff) (PP of (NP its neck)))) (PP (PP by (NP-LGS Wall Street)) and (PP by (NP-LGS (NP market makers) (VP getting (VP caught (NP-1 *) (S-ADV (NP-SBJ *-1) (ADJP-PRD short))))))))) .)) (TOP (S (NP-SBJ No one) (VP wants (S (NP-SBJ stock) (PP-LOC-PRD on (NP their books)))) . '')) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 the broad-based Financial Times 100-share index) (VP added (NP 30.4 points) (S-CLR (NP-SBJ *-1) (VP to (VP end (PP-CLR at (NP 2142.6))))) , (SBAR-ADV while (S (NP-SBJ *-1) (VP reaching (NP (NP its minimum) (PP of (NP 2120.5)))) (NP-TMP (NP a half hour) (PP into (NP the session)))))) .)) (TOP (S (PP-TMP At (NP the close)) , (NP-SBJ the narrower 30-share index) (VP was (ADVP-PRD up (NP 19.7 points)) (PP-DIR to (NP 1721.4))) .)) (TOP (S (NP-SBJ Volume) (VP totaled (NP a modest (QP 334.5 million) shares) , (ADVP up (PP from (NP (NP (QP 257.8 million) shares) (NP-TMP Monday))))) .)) (TOP (S (NP-SBJ The market) (ADVP also) (VP moved (PP-TMP at (NP early afternoon)) (PP on (NP news (SBAR that (S (NP-SBJ-1 Jaguar shares) (VP were (VP being (ADVP temporarily) (VP suspended (NP *-1) (PP-LOC-CLR at (NP (NP (NP 746 pence) (PRN -LRB- (NP $ 11.80 *U*) -RRB-)) (NP-ADV each))))))))))) .)) (TOP (S (NP-SBJ (NAC (NP Secretary) (PP of (NP State)) (PP for (NP Trade and Industry))) Nicholas Ridley) (VP said (ADVP-TMP later (PP in (NP the day))) (SBAR that (S (NP-SBJ the government) (VP would (VP abolish (NP (NP its golden share) (PP-LOC in (NP (NP Jaguar) , (NP (NP the luxury auto maker) (VP being (VP stalked (NP *) (PP by (NP-LGS (NP General Motors) and (NP Ford Motor)))))))))))))) .)) (TOP (S (NP-SBJ-1 The golden share) (VP (VP dates (PP-CLR from (NP (NP (NP Jaguar 's) public offering) (PP-TMP in (NP 1984))))) and (VP was (VP designed (S (NP-SBJ *-1) (VP to (VP protect (NP the company) (PP-CLR from (NP takeover)))))))) .)) (TOP (S (NP-SBJ-1 The golden share) (VP was (VP scheduled (S (NP-SBJ *-1) (VP to (VP expire (PP-TMP at (NP (NP the beginning) (FRAG (PP of))))))))))) (TOP (S But (SBAR-ADV although (S (NP-SBJ-54 the golden share) (VP has (VP been (VP waived (NP *-54)))))) , (NP-SBJ-1 (NP a hostile bidder) (PP for (NP Jaguar))) (VP would (ADVP-TMP still) (VP have (S (NP-SBJ *-1) (VP to (VP alter (NP (NP (NP the British concern 's) articles) (PP of (NP association)) (SBAR (WHNP-80 which) (S (NP-SBJ *T*-80) (VP ban (NP (NP shareholdings) (PP of (NP (QP more than 15) %)))))))))))) .)) (TOP (S (NP-SBJ Jaguar shares) (VP closed (PP-CLR at (NP 869 pence)) , (ADVP up (NP 122 pence)) , (PP on (NP (NP hefty turnover) (PP of (NP (QP 9.7 million) shares))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ the London trading session) (VP drew (PP-DIR to (NP a close))))) , (NP-SBJ the market) (VP was (ADVP-TMP still) (VP listening (PP-CLR to (NP (NP the parliamentary debate) (PP on (NP the economy)))) , (SBAR-ADV with (S (NP-SBJ-1 new (NAC Chancellor (PP of (NP the Exchequer))) John Major) (VP expected (S (NP-SBJ *-1) (VP to (VP clarify (NP (NP his approach) (PP to (NP (NP the British economy) and (NP currency issues)))))))))))) .)) (TOP (S (PP-LOC On (NP the Frankfurt Stock Exchange)) , (NP-SBJ share prices) (VP closed (ADVP-CLR higher) (PP-LOC in (NP (ADJP fairly thin) trading)) , (SBAR-TMP as (S (NP-SBJ-1 (NP selective buying) (PP by (NP foreigners))) (VP helped (S (NP-SBJ *-1) (VP propel (NP prices))))))) .)) (TOP (S (NP-SBJ The DAX index) (VP closed (PP-CLR at (NP 1472.76)) , (ADVP up (PP from (NP 1466.29)))) .)) (TOP (S (PP Despite (NP the modest gains)) , (NP-SBJ traders) (VP said (SBAR 0 (S (NP-SBJ the market) (VP remains (ADJP-PRD dull) , (PP with (S-NOM (NP-SBJ investors) (VP remaining (ADVP-MNR cautiously) (PP-LOC on (NP the sidelines))))))))) .)) (TOP (SINV (VP-TPC-1 Contributing (PP-CLR to (NP (NP the market 's) reserved stance))) (VP was (VP *T*-1)) (NP-SBJ (NP the release) (ADVP-TMP later (PP in (NP the day))) (PP of (NP (NP new data) (PP on (NP (NP the health) (PP of (NP the U.S. economy)))) , (PP in (NP (NP the form) (PP of (NP (NP the U.S. index) (PP of (NP leading indicators))))))))) .)) (TOP (S (S-TPC-1 (ADVP Additionally) , (NP-SBJ the (NAC end (PP of (NP the month))) position-squaring) (VP might (VP have (ADVP also) (VP played (NP a minor role))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP-LOC Elsewhere) , (NP-SBJ share prices) (VP closed (ADVP-CLR higher) (PP-LOC in (NP Amsterdam , Brussels , Milan and Paris))) .)) (TOP (S (NP-SBJ Prices) (VP (VP were (ADJP-PRD-1 mixed) (PP-LOC-2 in (NP Zurich))) and (VP (ADJP-PRD=1 lower) (PP-LOC=2 in (NP Stockholm)))) .)) (TOP (S (NP-SBJ Stocks) (VP (VP closed (ADVP-CLR higher) (PP-LOC in (NP (NP Hong Kong) , (NP Manila) , (NP Singapore) , (NP Sydney) and (NP Wellington)))) , but (VP were (ADVP-PRD lower) (PP-LOC in (NP Seoul)))) .)) (TOP (S (NP-SBJ-55 Taipei) (VP was (VP closed (NP *-55) (PP-PRP for (NP a holiday)))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP price trends) (PP-LOC on (NP (NP the world 's) major stock markets)) , (SBAR as (S (NP-SBJ-2 *) (VP calculated (NP *-2) (PP by (NP-LGS (NP Morgan Stanley Capital International Perspective) , (NP-LOC Geneva))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP make (S (NP-SBJ them) (ADJP-PRD directly comparable))))) , (NP-SBJ-56 each index) (VP is (VP based (NP *-56) (PP-CLR on (S-NOM (NP-SBJ (NP the close) (PP of (NP 1969))) (VP equaling (NP 100)))))) .)) (TOP (S (NP-SBJ The percentage change) (VP is (PP-TMP-PRD since (NP year-end))) .)) (TOP (S (NP-SBJ French consumer prices) (VP (VP rose (NP-EXT 0.2 %) (PP-TMP in (NP September)) (PP-DIR from (NP the previous month))) and (VP were (ADVP-PRD up (NP 3.4 %) (PP from (ADVP-TMP (NP a year) earlier)))) , (PP according (PP to (NP (NP definitive figures) (PP from (NP the National Statistics Institute)))))) .)) (TOP (S (NP-SBJ (NP The state agency 's) figures) (VP (VP confirm (NP previous estimates)) and (VP leave (NP the index) (PP-LOC-CLR at (NP 178.9)) , (ADVP-DIR up (PP from (NP (NP (NP 178.5) (PP-TMP in (NP August))) and (NP (NP 173.1) (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ-57 The index) (VP is (VP based (NP *-57) (PP-CLR on (S-NOM (NP-SBJ 1980) (VP equaling (NP 100)))))) .)) (TOP (S (NP-SBJ A breakdown) (VP showed (SBAR that (S (NP-SBJ food prices) (VP were (NP-PRD (NP the (ADJP most active) part) (PP of (NP growth)))) (PP with (NP (NP a rise) (PP of (NP 0.6 %))))))) .)) (TOP (S (NP-SBJ An official) (VP linked (NP the gain) (PP-CLR (ADVP essentially) to (NP (NP higher prices) (PP for (NP beef and pork))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 (NP summer drought problems) (SBAR (WHNP-81 that) (S (NP-SBJ *T*-81) (VP had (VP hit (NP several southern agricultural regions)))))) (VP had (VP stopped (S (NP-SBJ *-1) (VP being (NP-PRD (NP a major source) (PP of (NP price pressure))))) (PP-TMP in (NP September))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Japan 's) index) (PP of (NP leading indicators))) (VP rose (PP-DIR to (NP (NP 63.6) (PP-LOC *ICH*-3))) (PP-TMP in (NP August)) , (PP-LOC-3 above (NP (NP the so-called boom-or-bust line) (PP of (NP 50)))) (PP-TMP for (NP (NP the first time) (PP-TMP since (NP May)))))) , (NP-SBJ the Economic Planning Agency) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ The leading index) (VP recovered (PP-CLR from (NP (NP (NP July 's) revised level) (PP of (NP 36.6)))) (PP on (NP (NP strong performances) (PP-LOC in (NP (NP (NP consumer durables) and (NP machinery orders)) , (PP-LOC among (NP other factors)) ,)))) (PP according (PP to (NP an agency spokeswoman)))) .)) (TOP (S (NP-SBJ-1 The index) (VP is (VP intended (S (NP-SBJ *-1) (VP to (VP measure (NP future economic performance)))))) .)) (TOP (S (S (NP-SBJ (NP A figure) (PP-LOC above (NP 50))) (VP indicates (SBAR 0 (S (NP-SBJ-1 the economy) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP expand))))))))) ; (S (NP-SBJ (NP one) (PP-LOC below (NP 50))) (VP indicates (SBAR 0 (S (NP-SBJ a contraction) (VP may (VP be (ADVP-LOC-PRD ahead))))))) .)) (TOP (S (NP-SBJ Metromedia Co.) (VP said (SBAR 0 (S (NP-SBJ-58 its Metromedia Long Distance unit) (VP has (VP been (VP renamed (S (NP-SBJ *-58) (NP-PRD Metromedia-ITT Long Distance)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP acquisitions) (PP from (NP (NP ITT Corp.) , (SBAR (WHNP-82 which) (S (NP-SBJ *T*-82) (VP licenses (NP its name) (PP-CLR to (NP (ADJP closely held) Metromedia)))))))))))))))) .)) (TOP (S (NP-SBJ Metromedia) (VP said (SBAR 0 (S (NP-SBJ its unit) (VP is (NP-PRD (NP the fifth-largest provider) (PP of (NP long-distance communications service)) (PP-LOC in (NP the U.S.))) , (PP with (NP (NP projected 1989 revenue) (PP of (NP (QP more than $ 550 million) *U*)))))))) .)) (TOP (S (NP-SBJ (NP Metromedia) , (VP headed (NP *) (PP by (NP-LGS John W. Kluge))) ,) (VP has (NP (NP interests) (PP in (NP (NP telecommunications) , (NP robotic painting) , (NP computer software) , (NP restaurants) and (NP entertainment))))) .)) (TOP (S (NP-SBJ-1 South Korean consumer prices) (VP rose (NP-EXT 5 %) (PP-TMP in (NP (NP the first 10 months) (PP of (NP this year)))) , (S-ADV (NP-SBJ *-1) (VP matching (NP (NP (NP the government 's) target) (PP for (NP the entire year))))) , (PP according (PP to (NP (NP (NP the Bank) (PP of (NP Korea))) and (NP the Economic Planning Board))))) .)) (TOP (S (PP According (PP to (NP (NP reports) (VP released (NP *) (PP by (NP-LGS the two government agencies)))))) , (NP-SBJ (NP domestic (UCP consumer and wholesale) prices)) each (VP rose (PP-EXT by (NP 0.2 %)) (PP-TMP in (NP October)) (PP-TMP from (NP the previous month))) .)) (TOP (S (PP-PRP As (NP a result)) , (S (NP-SBJ-1 (NP consumer prices) (PP for (NP (NP the first 10 months) (PP of (NP 1989))))) (VP surged (PP-EXT-2 by (NP 5 %)))) and (S (NP-SBJ=1 wholesale prices) (PP-EXT=2 by (NP 1.3 %))) .)) (TOP (S (NP-SBJ The South Korean government) (VP had (VP been (VP projecting (NP (NP a (ADJP 5 %) consumer price increase) (PP for (NP the entire year)))))) .)) (TOP (S (NP-SBJ Martin Marietta Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP won (NP (NP a (ADJP (QP $ 38.2 million ) *U*) contract) (SBAR *ICH*-2)) (PP-CLR from (NP the U.S. Postal Service)) (SBAR-2 (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP manufacture and install (NP automated mail-sorting machines))))))))) .)) (TOP (S (PP-LOC Under (NP (NP terms) (PP of (NP the three-year contract)))) , (NP-SBJ Martin Marietta) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP make and install (NP (NP 267) (PP of (NP (NP the new machines) (PP-LOC at (NP 156 postal offices)))))))))) .)) (TOP (S (NP-SBJ-1 The new machines) (VP are (ADJP-PRD capable (PP of (S-NOM (NP-SBJ *-1) (VP sorting (PP by (NP zip code)) (NP (NP (QP up to 10,000) large flat mail pieces) , (PP including (NP magazines and parcels)) , (NP-ADV an hour))))))) .)) (TOP (S (NP-SBJ-59 (NP Thomas A. Donovan) , (ADJP (NP 37 years) old) , (NP (NP formerly vice president) , (NP West Coast operations) , (PP-LOC at (NP this hazardous-waste-site remediation concern))) ,) (VP was (VP named (S (NP-SBJ *-59) (NP-PRD (NP (NP (NP executive vice president) and (NP chief operating officer)) , (NP both (ADJP newly created) posts) ,) and (NP (NP a director) (PRN , (S-ADV (NP-SBJ *) (VP filling (NP a vacancy))))))))) .)) (TOP (S (NP-SBJ Canonie) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP anticipates (S (NP-SBJ *-1) (VP naming (S (NP-SBJ Mr. Donovan) (VP to (VP succeed (NP (NP Richard F. Brissette) , (NP 55) ,) (PP as (NP (NP president) and (NP chief executive officer))) , (ADJP-ADV effective (NP-TMP March 1))))))))))) .)) (TOP (S (NP-SBJ Mr. Brissette) (VP (VP will (VP remain (NP-PRD a Canonie board member))) and (VP will (VP be (NP-PRD (NP a consultant) (PP to (NP the company)))))) .)) (TOP (S (NP-SBJ (NP Yields) (PP on (NP (NP savings-type certificates) (PP of (NP deposit))))) (VP dropped (ADVP slightly) (PP-TMP in (NP (NP the week) (VP ended (NP-TMP yesterday))))) .)) (TOP (S (NP-SBJ (NP The average yield) (PP on (NP (NP a six-month CD) (PP of (NP $ 50,000 *U* (QP or less)))))) (VP was (NP-PRD 7.90 %) , (PP compared (PP with (NP (NP 7.94 %) (ADVP-TMP (NP a week) earlier))))) .)) (TOP (S (NP-SBJ The average one-year savings-type CD) (VP was (ADVP-PRD down (PP to (NP 7.99 %)) (PP from (NP 8.01 %))) , (PP according (PP to (NP (NP Banxquote Money Markets) , (NP (NP a New York information service) (SBAR (WHNP-83 that) (S (NP-SBJ *T*-83) (VP tracks (NP CD yields))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This week) (VP was (ADJP-PRD uneventful) (PP for (NP the CD market)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Norberto Mehl) , (NP (NP chairman) (PP of (NP Banxquote)))) .)) (TOP (S `` (NP-SBJ The major banks) (VP have n't (ADVP even) (VP reacted (PP-CLR to (NP (NP sharp rises) (PP-LOC in (NP the three-month Treasury bill rates)) '' (PP-TMP in (NP the past two weeks)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Banks) (SBAR (WHNP-84 that) (S (NP-SBJ *T*-84) (VP adjusted (NP (NP payouts) (PP on (NP CDs))) (PP-TMP in (NP the (ADJP most recent) week)))))) (VP made (NP only fractional moves))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 The CD trend) (VP runs (S-ADV (NP-SBJ *-1) (ADVP-PRD counter (PP to (NP (NP the direction) (PP of (NP short-term interest rates)) (PP-LOC at (NP (NP the Treasury bill auction) (NP-TMP Monday)))))))) .)) (TOP (S (NP-SBJ-60 The average six-month bill) (VP was (VP sold (NP *-60) (PP with (NP (NP a yield) (PP of (NP (NP 8.04 %) , (ADVP up (PP from (NP 7.90 %))))))))) .)) (TOP (S (NP-SBJ The average three-month issue) (VP rose (PP-DIR to (NP 8.05 %)) (PP-DIR from (NP 7.77 %))) .)) (TOP (S (S (ADVP Typically) , (NP-SBJ banks) (VP offer (NP (NP CD yields) (ADJP (ADJP higher) (PP than (NP (NP those) (PP on (NP (NP Treasury bills) , (SBAR (WHNP-1 which) (S (NP-SBJ-61 *T*-1) (VP are (VP considered (S (NP-SBJ *-61) (NP-PRD the safest short-term investments)))))))))))))) ; (S (NP-SBJ-2 banks) (VP need (NP a competitive edge) (S-PRP (NP-SBJ *-2) (VP to (VP sell (NP their products)))))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ market interest rates) (VP move (ADVP-DIR up) (ADVP-MNR rapidly) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP increases) (PP-LOC in (NP bank CD yields))) (ADVP-TMP sometimes) (VP lag) .)) (TOP (S (NP-SBJ (NP Most yields) (PP on (NP (NP short-term jumbo CDs) , (NP (NP those) (PP with (NP (NP denominations) (PP over (NP $ 90,000 *U*)))))))) , (ADVP also) (VP moved (PP-DIR in (NP (NP the opposite direction) (PP of (NP Treasury bill yields))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The average six-month yield) (PP on (NP a jumbo CD))) (VP was (PP-LOC-PRD at (NP 7.90 %)) , (ADVP down (PP from (NP 7.93 %))) ,)) (NP-SBJ Banxquote) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP For (NP longer-term CDs)) , (NP-SBJ yields) (VP were (ADVP-PRD up)) .)) (TOP (S (NP-SBJ The average (ADJP two-year and five-year) jumbos) (VP were (ADVP-PRD up (NP (NP 0.02) (PP of (NP a percentage point)))) (PP-DIR to (NP (NP (NP 7.91 %) and (NP 7.96 %)) , (ADVP respectively)))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP CDs) (VP sold (NP *) (PP through (NP major broker-dealer networks)))) (VP were (ADVP-PRD up) (ADVP slightly) (PP-LOC almost across (NP the board))) .)) (TOP (S (NP-SBJ (NP The average six-month CD) (PP-LOC in (NP that category))) (VP added (NP 0.05 percentage point) (PP-DIR to (NP 8.35 %)) , (PP for (NP example))) .)) (TOP (S (NP-SBJ Mr. Mehl) (VP attributed (NP the rise) (PP-CLR (ADVP specifically) to (NP the Treasury bill increase))) .)) (TOP (S (PP-LOC Among (NP (NP the major banks) (VP surveyed (NP *) (PP by (NP-LGS Banxquote)) (PP-LOC in (NP (NP six regions) (PP of (NP the country))))))) , (NP-SBJ 8.33 %) (VP is (NP-PRD (NP the highest yield) (ADJP available))) .)) (TOP (S (NP-SBJ-62 It) (VP is (VP offered (NP *-62) (PP by (NP-LGS (NP the flagship banks) (PP of (NP (NP New York 's) Manufacturers Hanover Corp.)))) (PP in (NP (NP the one-year maturity) (ADVP only))))) .)) (TOP (S (NP-SBJ-63 The yield) (VP is (VP offered (NP *-63) (PP-LOC across (NP (NP a range) (PP of (NP maturities)))) (PP-LOC at (NP (NP (NP San Francisco 's) BankAmerica Corp.) and (NP Wells Fargo & Co))))) .)) (TOP (S (ADVP-TMP (NP (QP Just two) weeks) ago) , (NP-SBJ (NP (NP BankAmerica 's) yields) (PP-LOC in (NP (NP many) (PP of (NP those maturities))))) (VP was (NP-PRD 8.61 %)) .)) (TOP (S (ADVP Still) , (PP on (NP average)) , (NP-SBJ the major California banks) (VP have (NP (NP the highest yields) (PP on (NP CDs))) , (PP according (PP to (NP Banxquote)))) .)) (TOP (S (NP-SBJ (NP The average yield) (ADVP-LOC there) (PP on (NP six-month issues))) (VP is (NP-PRD 8.32 %)) .)) (TOP (S (NP-SBJ-3 I) (VP had (S (NP-SBJ *-3) (VP to (VP reach (ADVP-DIR back) (PP-DIR to (NP French 101))))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the (ADJP monsieur avec) clipboard) (VP (VP leaned (PP-DIR over (NP my shoulder)) (PP-TMP during (NP (NP the coffee phase) (PP of (NP dinner))))) and (VP asked (SBAR whether (S (NP-SBJ-2 I) (VP wanted (S (NP-SBJ *-2) (VP to (VP ride (PP-LOC-CLR in (NP a montgolfiere))))))))) (ADVP *T*-1))))) .)) (TOP (S (S (NP-SBJ I) (VP was (NP-PRD (NP a last-minute (PRN -LRB- (S (NP-SBJ *) (VP read (FRAG (ADJP interloping)))) -RRB-) attendee) (PP-LOC at (NP a French journalism convention))))) and (S (ADVP-TMP so far) (NP-SBJ-64 the festivities) (VP had (VP been (VP taken (NP *-64) (PRT up) (PP (ADVP entirely) by (NP-LGS eating , drinking , smoking , sleeping and drinking)))))) .)) (TOP (S (NP-SBJ (NP The man) (PP with (NP the clipboard))) (VP represented (NP a halfhearted attempt (S (NP-SBJ *) (VP to (VP introduce (NP (NP a bit) (PP of (NP les sportif))) (PP-CLR into (NP our itinerary))))))) .)) (TOP (S But (SBAR-PRP as (S (NP-SBJ the French) (VP embody (NP (NP a Zen-like state) (PP of (NP blase))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP comes (PP-CLR to (NP athletics)) (ADVP-TMP *T*-1))))))) (PRN -LRB- (NP-SBJ-2 *) (VP try (S (NP-SBJ *-2) (VP finding (NP a Nautilus machine) (PP-LOC in (NP Paris))))) -RRB-) , (NP-SBJ my fellow conventioners) (VP were (VP having (NP (NP none) (PP of (NP it))))) .)) (TOP (S (NP-SBJ (NP The diners) (PP-LOC at (NP my table))) (VP (VP (ADVP-MNR simply) lit (NP more Gauloises)) and (VP scoffed (PP-CLR at (NP (NP the suggestion) (PP of (S-NOM (NP-SBJ-1 *) (VP interrupting (NP a (ADJP perfectly good) Saturday morning) (S-PRP (NP-SBJ *-1) (VP to (VP go (NP (NP golfing) or even (NP (NP montgolfing) (PRN -LRB- (NP (NP ballooning) (PP to (NP you))) ; (S (NP-SBJ (NP the brothers Montgolfier) (PRN , (NP French) (PP of (NP course)) ,)) (VP were (NP-PRD (NP the world 's) first hot-air balloonists))) -RRB-))))))))))))) .)) (TOP (S (ADVP-LOC Back (PP in (NP the U.S.A.))) (NP-SBJ (NP this kind) (PP of (NP chi-chi airborne activity))) (VP wins (NP (ADJP heartwarmingly covetous) responses)) .)) (TOP (FRAG (SBAR As in : `` (SQ (NP-SBJ You) (VP went (NP ballooning)) ? ? ! !)))) (TOP (FRAG (PP-LOC In (NP France) ? ? ! ! ''))) (TOP (S-1 (NP-SBJ Americans) (PRN (S (NP-SBJ it) (VP seems (SBAR 0 (S *T*-1))))) (VP have (VP (VP followed (NP (NP Malcolm Forbes 's) hot-air lead)) and (VP taken (PP-CLR to (NP ballooning)) (PP-MNR in (NP a heady way))))) .)) (TOP (S (PP-TMP During (NP the past 25 years)) , (NP-SBJ (NP (NP the number) (PP of (NP balloonists))) (PRN -LRB- (NP (NP those) (SBAR (WHNP-85 who) (S (NP-SBJ *T*-85) (VP have (VP passed (NP a Federal Aviation Authority lighter-than-air test)))))) -RRB-)) (VP have (VP swelled (PP-DIR from (NP a couple hundred)) (PP-DIR to (NP several thousand)) , (PP with (S-NOM (NP-SBJ-1 some estimates) (VP running (S-ADV (NP-SBJ *-1) (ADVP-PRD (ADVP as high) (PP as (NP 10,000))))))))) .)) (TOP (S (NP-SBJ-65 (QP Some 30) balloon shows) (VP are (VP held (NP *-65) (ADVP-TMP annually) (PP-LOC in (NP the U.S.)) , (PP including (NP (NP (NP (NP the world 's) largest convocation) (PP of (NP ersatz Phineas Foggs))) -- (NP (NP the nine-day Albuquerque International Balloon Fiesta) (SBAR (WHNP-86 that) (S (NP-SBJ *T*-86) (VP attracts (NP (NP (QP some 800,000) enthusiasts) and (NP (NP (QP more than 500) balloons) , (SBAR (WHNP-1 (NP some) (WHPP of (WHNP which))) (S (NP-SBJ-2 *T*-1) (VP are (VP (ADVP-MNR fetchingly) shaped (S-PRP (NP-SBJ *-2) (VP to (VP resemble (NP (NP Carmen Miranda) , (NP Garfield) or (NP a 12-story-high condom))))))))))))))))))) .)) (TOP (S -LRB- (NP-SBJ-66 The condom balloon) (VP was (VP denied (NP *-66) (NP official entry status))) (NP-TMP this year) . -RRB-)) (TOP (S But (PP-LOC in (NP (NP Epinal) , (NP (NP a gray 16th-century river town) (ADJP adjacent (PP to (NP (NP France 's) Vosges mountain region)))) ,)) (NP-SBJ (NP none) (PP of (NP (NP these Yankee-come-lately enthusiasms) (PP for (NP (NP things) (ADVP-LOC aloft)))))) (VP was (ADJP-PRD evident)) .)) (TOP (S (NP-SBJ (NP Ballooning) (PP-TMP at (NP (NP the (ADJP de rigueur) hour) (PP of (NP 6 a.m.))))) (VP held (NP (NP all the attraction) (PP *ICH*-1)) (PP for (NP most people)) (PP-1 of (NP sunrise root-canal work))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Feeling (NP (NP the naggings) (PP of (NP a culture imperative))))) , (NP-SBJ-1 I) (VP (ADVP-MNR promptly) signed (PRT up)) .)) (TOP (S (NP-SBJ (NP The first thing) (SBAR (WHNP-1 0) (S (NP-SBJ anybody) (VP will (VP tell (NP you) (NP *T*-1))))) (PP about (NP ballooning))) (VP is (SBAR-PRD that (S (NP-SBJ it) (VP requires (NP (NP zip) (PP in (NP (NP the way) (PP of (NP (NP athletic prowess) , or even (NP (NP a measure) (PP of (NP derring-do)))))))))))) .)) (TOP (PRN -LRB- (ADVP (ADVP So long) (SBAR as (S (NP-SBJ you) (VP do n't (VP look (ADVP-DIR down))))) .) -RRB-)) (TOP (S (NP-SBJ They) (VP will (ADVP also) (VP tell (NP you) (SBAR that (S (SBAR-ADV even if (S (NP-SBJ you) (VP hate (NP heights)))) , (NP-SBJ you) (VP can (ADVP still) (VP balloon)))))) .)) (TOP (S -LRB- (NP-SBJ I) (ADVP still) (VP say (S (NP-SBJ *) (VP do n't (VP look (ADVP-DIR down))))) .)) (TOP (FRAG (PP At (ADJP least)) not (SBAR (WHADVP-1 when) (S (NP-SBJ you) (VP are (VP ascending (ADVP-TMP *T*-1))))) . -RRB-)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ they) (VP wo n't (VP tell (NP you) (NP *T*-1))))) (VP is (S-PRD (NP-SBJ *) not (VP to (VP go (ADVP-DIR aloft) (PP-LOC in (NP (NP anything) (SBAR (WHNP-2 0) (S (NP-SBJ-3 you) (VP do n't (VP want (S (NP-SBJ *-3) (VP to (VP get (S (NP-SBJ *T*-2) (ADJP-PRD wet))))))))))))))) .)) (TOP (S (NP-SBJ I) (VP 'm not (VP referring (PP-CLR to (NP (NP the traditional champagne drenching) (PP-TMP during (NP the back-on-terra-firma toast)))))) .)) (TOP (S (NP-SBJ I) (VP 'm (VP talking (PP-CLR about (S-NOM (NP-SBJ *) (VP landing (PP-LOC-CLR in (NP a canal))))))) .)) (TOP (FRAG (PP-LOC In (NP a porous wicker basket)) .)) (TOP (FRAG (PP With (NP (NP a pilot) (SBAR (WHNP-87 who) (S (NP-SBJ *T*-87) (VP speaks (NP no English)))))) .)) (TOP (S (PP To (NP wit)) , (NP-SBJ (NP my maiden voyage) (PRN -LRB- and (S (NP-SBJ-1 novitiates) (VP are (VP referred (PP-CLR to (NP *-1)) (PP as (NP virgins))))) -RRB-)) (VP (VP began (PP-TMP at (NP dawn)) (PP-LOC on (NP a dew-sodden fairway))) and (VP ended (PP-TMP at (NP noon)) (PP-LOC in (NP a soggy field)))) .)) (TOP (PRN -LRB- (S (NP-SBJ Balloon flights) (ADVP-TMP almost always) (VP occur (PP-TMP at (NP (NP dawn or dusk) , (SBAR (WHADVP-1 when) (S (NP-SBJ the winds) (VP are (ADJP-PRD lightest) (ADVP-TMP *T*-1))))))) .) -RRB-)) (TOP (SINV (PP-TMP In (ADVP between)) (VP came) (NP-SBJ (NP (NP lots) (PP of (NP (NP coffee drinking) (SBAR-TMP while (S (NP-SBJ *) (VP watching (S (NP-SBJ the balloons) (VP inflate)))))))) and (NP (NP lots) (PP of (S-NOM (NP-SBJ-1 *) (VP standing (ADVP-CLR around) (S-ADV (NP-SBJ *-1) (VP deciding (SBAR (WHNP-88 who) (S (NP-SBJ *T*-88) (VP would (VP fly (PP (PP-LOC in (NP what balloon)) and (PP in (NP what order))))))) (PRN -LRB- (S (NP-SBJ the baskets) (VP hold (NP (QP no more than four) passengers))) -RRB-)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ it) (VP was n't (NP-PRD (NP my turn) (PP-LOC in (NP the balloon))) (ADVP-TMP *T*-2)))) (NP-SBJ-1 I) (VP followed (NP its progress) (PP from (NP the `` chase car)) , '' (S-ADV (NP-SBJ *-1) (VP listening (SBAR-CLR to (S (NP-SBJ the driver) (VP holler (PP-DIR into (NP a walkie-talkie)))))))) .)) (TOP (SINV (PP-TMP After (NP (NP long stretches) (PP of (NP this attendant ground activity)))) (VP came) (NP-SBJ (NP (QP 20 or so) lovely minutes) (PP of (S-NOM (NP-SBJ-1 *) (VP drifting (PP-LOC above (NP the Vosges)) (S-ADV (NP-SBJ *-1) (VP watching (S (S (NP-SBJ the silver mists) (VP rise (PP-DIR off (NP the river)))) and (S (NP-SBJ the French cows) (VP amble (PP-DIR about (NP the fields))))))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD hard) (S-1 (NP-SBJ *) not (VP to (VP feel (SBAR that (S (NP-SBJ God) (VP 's (PP-LOC-PRD in (NP his heaven)))))))) (PP with (NP (NP this kind) (PP of (NP (NP bird's-eye view) (PP of (NP the world)))))) , (SBAR-ADV even if (S (NP-SBJ (NP your pilote) (PP in (NP silly plaid beret))) (VP kept (VP pointing (PRT out) (SBAR (WHADJP-2 how `` (ADJP belle) '') (S (NP-SBJ it) all (VP was (ADJP-PRD *T*-2))))))))) .)) (TOP (S (ADVP-TMP Eventually) (NP-SBJ (NP little French farmers) and (NP their little French farmwives)) (VP (VP came (ADVP-DIR out (PP of (NP their stone houses)))) and (VP put (NP their hands) (PP-PUT above (NP their tiny eyes))) and (VP squinted (PP-CLR at (NP us)))) .)) (TOP (FRAG (NP No wonder) .)) (TOP (S (NP-SBJ We) (VP were (VP coming (ADVP-DIR down) (PP-DIR (ADVP straight) into (NP their canal)))) .)) (TOP (S (PRN (S (NP-SBJ *) (VP See))) , (NP-SBJ (NP the other rule) (PP of (NP thumb)) (PP about (NP ballooning))) (VP is (SBAR-PRD that (S (NP-SBJ you) (VP ca n't (VP steer))))) .)) (TOP (SINV And (ADVP neither) can (NP-SBJ your pilot) (VP *?*) .)) (TOP (S (NP-SBJ-1 You) (VP can (VP (VP go (ADVP-DIR only up or down) (PRN -LRB- (PP-MNR by (S-NOM (NP-SBJ *-1) (VP heating (NP (NP the balloon 's) air) (PP-MNR with (NP (NP a propane burner) , (SBAR (WHNP-89 which) (S (NP-SBJ *T*-89) (VP does (VP make (S (NP-SBJ (NP the top) (PP of (NP your head))) (VP feel (ADJP-PRD hot)))))))))))) -RRB-)) and (VP ride (NP the air currents)))) .)) (TOP (SBAR (WHNP-90 Which) (S (NP-SBJ *T*-90) (VP makes (S (NP-SBJ the chase car) (ADJP-PRD necessary)))) .)) (TOP (S (S (NP-SBJ Most balloonists) (ADVP-TMP seldom) (VP go (ADVP-DIR (ADVP higher) (PP than (NP 2,000 feet))))) and (S (NP-SBJ most) (VP average (NP (NP a leisurely 5-10 miles) (NP-ADV an hour)))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the balloon) (VP is (VP cruising (ADVP-CLR along) (PP at (NP a steady altitude)) (ADVP-TMP *T*-1))))) (NP-SBJ there) (VP is (NP-PRD (NP little sense) (PP of (NP motion)))) .)) (TOP (SINV (SBAR-TMP (WHADVP-1 Only when) (S (NP-SBJ one) (VP is (VP (VP ascending) (PRN -- or (PP in (NP our case)) (VP descending (ADVP-MNR (NP a tad) trop rapidement)) --) (ADVP-TMP *T*-1))))) does (NP-SBJ one) (VP feel , (INTJ well) , (ADJP-PRD airborne (PP in (NP a picnic basket)))) .)) (TOP (SINV `` (SBARQ-TPC-1 (WHNP-93 What) (SQ 's (NP-SBJ he) (VP doing (NP *T*-93)))) ? '' (VP hissed (SBARQ *T*-1)) (NP-SBJ (NP my companion) , (SBAR (SBAR (WHNP-91 who) (S (NP-SBJ *T*-91) (VP was (NP-PRD (NP the only other English-speaking member) (PP of (NP the convention)))))) and (SBAR (WHNP-92 whose knuckles) (S (NP-SBJ *T*-92) (VP were (ADJP-PRD white)))))) .)) (TOP (SINV `` (NP-TPC-1 Attention) , '' (VP yelled (NP *T*-1)) (NP-SBJ our pilot) (SBAR-TMP as (S (NP-SBJ our basket) (VP plunged (PP-DIR into (NP the canal))))) .)) (TOP (S-2 `` (X (ADVP You bet) (NP attention)) (PRN , '' (S (NP-SBJ-1 I) (VP yelled (ADVP-CLR back) (S *T*-2) , (S-ADV (NP-SBJ *-1) (VP leaping (PP-DIR atop (NP the propane tanks)))))) ,) `` (NP-SBJ I) (VP 'm (VP wearing (NP alligator loafers))) ! '')) (TOP (S (NP-SBJ Our pilot) (VP (ADVP simply) (VP laughed) , (VP fired (PRT up) (NP the burner)) and (VP (PP with (NP (NP another blast) (PP of (NP flame)))) lifted (NP us) , (INTJ oh) , (NP-EXT (NP a good 12-inches) (PP-LOC above (NP the water level))))) .)) (TOP (S (NP-SBJ We) (VP scuttled (ADVP-CLR along) (PP-LOC for (NP a few feet)) (SBAR-TMP before (S (NP-SBJ he) (VP plunged (NP us) (PP-DIR into (NP the drink)) (ADVP-TMP again))))) .)) (TOP (S (ADVP-TMP Eventually) (NP-SBJ-1 we) (VP came (S (NP-SBJ *-1) (VP to (VP rest (PP-LOC-CLR in (NP (NP a soggy patch) (PP of (NP field)) (SBAR (WHADVP-2 where) (S (NP-SBJ we) (VP had (NP (NP the exquisite pleasure) (PP of (S-NOM (NP-SBJ *) (VP scrambling (ADVP-DIR out (PP of (NP the basket))) (PP-DIR into (NP the mud)) (SBAR-TMP while (S (NP-SBJ (NP the French half) (PP of (NP our ballooning tag team))) (VP scrambled (ADVP-DIR in)))))))) (ADVP-LOC *T*-2)))))))))) .)) (TOP (S (NP-SBJ I) (VP looked (PP-CLR at (NP my watch))) .)) (TOP (FRAG (NP (NP Barely half-an-hour) (ADVP-LOC aloft)) .)) (TOP (S (PP-LOC (ADVP Back) in (NP the chase car)) , (NP-SBJ-1 we) (VP (VP drove (ADVP-DIR around) (NP some more)) , (VP got (VP stuck (NP *-1) (PP-LOC-CLR in (NP a ditch)))) , (VP enlisted (NP (NP the aid) (PP of (NP (NP a local farmer) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP (VP get (ADVP-CLR out) (NP the trailer hitch)) and (VP pull (NP us) (ADVP-DIR out (PP of (NP the ditch))))))))))))) .)) (TOP (S (NP-SBJ We) (ADVP-TMP finally) (VP rendezvoused (PP-CLR with (NP (NP our balloon) , (SBAR (WHNP-94 which) (S (NP-SBJ-1 *T*-94) (VP had (VP come (S (NP-SBJ *-1) (VP to (VP rest (PP-LOC on (NP a dirt road)) (PP-LOC amid (NP (NP a clutch) (PP of (NP (NP Epinalers) (SBAR (WHNP-95 who) (S (NP-SBJ *T*-95) (VP watched (S (NP-SBJ us) (VP disassemble (NP our craft) -- (NP-ADV (NP another half-an-hour) (PP of (NP (NP non-flight activity) -- (SBAR (WHNP-96 that) (S (NP-SBJ *T*-96) (VP included (NP (NP the precision routine) (PP of (S-NOM (NP-SBJ *) (VP (VP yanking (NP the balloon) (PP-DIR to (NP the ground))) , (VP punching (NP all the air) (ADVP-CLR out (PP of (NP it)))) , (VP rolling (NP it) (PRT up)) and (VP cramming (NP (NP it) and (NP the basket)) (PP-DIR into (NP the trailer)))))))))))))))))))))))))))))))) .)) (TOP (S (S (NP-SBJ It) (VP was (NP-PRD (NP the most exercise) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP 'd (VP had (NP *T*-1) (NP-TMP all morning)))))))) and (S (NP-SBJ-67 it) (VP was (VP followed (NP *-67) (PP by (S-NOM-LGS (NP-SBJ our) (VP driving (ADVP-TMP immediately) (PP-DIR to (NP the nearest watering hole)))))))) .)) (TOP (S (NP-SBJ This) (VP meant (S (NP-SBJ *) (VP returning (PP-DIR to (NP (NP the golf course) , (SBAR (WHADVP-1 where) (S (NP-SBJ we) (VP watched (S (NP-SBJ a few French duffers) (VP maul (NP the first tee) (SBAR-TMP while (S (NP-SBJ we) (VP sat (PP-LOC under (NP Cinzano umbrellas)) , (S-ADV (NP-SBJ me) (VP nursing (NP (NP an espresso) and (NP my ego))))))))) (ADVP-LOC *T*-1))))))))) .)) (TOP (UCP (NP (NP A whole morning) (PP of (NP ballooning))) and (S (NP-SBJ I) (VP had (VP been (ADVP-LOC-PRD off (NP the ground)) (NP-TMP (QP barely 30) minutes)))) .)) (TOP (S (ADVP Still) , (NP-SBJ I) (VP figured (SBAR 0 (S (NP-SBJ (NP (NP the event 's) envy-quotient) (ADVP-LOC back (PP in (NP the U.S.A.)))) (VP was (ADJP-PRD near peerless))))) .)) (TOP (S (PP As (PP for (NP (NP the ride) (ADVP back (PP to (NP camp)))))) , (NP-SBJ (NP our pilot) and (NP all the other French-speaking passengers)) (VP clambered (PP-DIR into (NP the chase car))) .)) (TOP (S (NP-SBJ-1 (NP My American companion) and (NP I)) (VP were (VP left (S (NP-SBJ *-1) (VP to (VP ride (ADVP-MNR alfresco) (PP-LOC-CLR in (NP the wicker basket))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ we) (VP streaked (PP-DIR by (NP a blase gendarme))))) , (NP-SBJ-1 I) (VP could n't (VP resist (S (NP-SBJ *-1) (VP (VP rearing (ADVP-CLR up) (PP on (NP my soggy loafers))) and (VP saluting))))) .)) (TOP (S (NP-SBJ Ms. de Vries) (VP is (NP-PRD a free-lance writer)) .)) (TOP (S (NP-SBJ-2 Treasury Undersecretary David Mulford) (VP defended (NP (NP (NP the Treasury 's) efforts (S *ICH*-1)) (NP-TMP this fall) (S-1 (NP-SBJ *) (VP to (VP drive (ADVP-DIR down) (NP (NP the value) (PP of (NP the dollar))))))) , (S-ADV (NP-SBJ *-2) (VP saying (SBAR 0 (S (NP-SBJ-3 it) (VP helped (S (NP-SBJ *-3) (VP minimize (NP (NP damage) (PP from (NP (NP the 190-point drop) (PP-LOC in (NP the stock market)) (NP-TMP Oct. 13)))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Testifying (PP-LOC before (NP a House subcommittee)))) , (NP-SBJ-1 Mr. Mulford) (VP said (SBAR that (S (SBAR-ADV if (S (NP-SBJ-2 the Treasury) (VP had n't (VP intervened (PP-LOC-CLR in (NP foreign-exchange markets)) (PP-TMP in (NP (NP September) and (NP early October))) (S-PRP (NP-SBJ *-2) (VP to (VP reduce (NP (NP the dollar 's) value)))))))) , (NP-SBJ (NP the plunge) (PP-LOC in (NP the stock market))) (VP might (VP have (VP provoked (NP (NP a steep fall) (PP-LOC in (NP the currency)) (SBAR (WHNP-97 that) (S (NP-SBJ *T*-97) (VP might (VP have `` (VP unhinged (NP financial markets))))))))))))) . '')) (TOP (S (NP-SBJ-1 Mr. Mulford) , (S-ADV (NP-SBJ *-1) (VP responding (PP-CLR to (NP (NP critics) (PP of (NP intervention)))))) , (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-3 intervention) (VP (VP is `` (ADJP-PRD highly visible)) , '' (VP is (VP taken (NP *-3) (ADVP-MNR seriously) (PP by (NP-LGS financial markets)))) and (VP works (ADVP-MNR (ADVP better) (SBAR than `` (S (NP-SBJ-68 *) (VP was (VP recognized (NP *-68) (ADVP-TMP (NP some time) ago))))))))))) . '')) (TOP (S (NP-SBJ (NP Differences) (PP between (NP (NP the Treasury) and (NP the Federal Reserve))) (PP on (NP (NP the usefulness) (PP of (NP (NP intervention) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP help (S (NP-SBJ *-2) (VP restrain (NP the dollar)))))))))))) (VP resurfaced (PP-LOC at (NP the hearing))) .)) (TOP (S (NP-SBJ (NP Fed Vice Chairman Manuel Johnson) , (SBAR (WHNP-98 who) (S (NP-SBJ *T*-98) (VP had (VP dissented (PP-CLR from (NP (NP the Treasury 's) policy)))))) ,) (VP told (NP lawmakers) , `` (S (NP-SBJ I) (VP became (ADJP-PRD convinced (PP about (SBAR (WHNP-99 what) (S (NP-SBJ *T*-99) (VP looked (PP to (NP me)) (PP-CLR like (NP an attempt (S (NP-SBJ *) (VP to (VP push (NP the dollar) (ADVP-DIR down) (PP against (NP (NP the fundamentals) (PP-LOC in (NP the market))))))))))))))))) . '')) (TOP (S-1 (NP-SBJ-2 Intervention) (PRN , (S (NP-SBJ he) (VP added (SBAR 0 (S *T*-1)))) ,) (VP is (ADJP-PRD useful (S (NP-SBJ *-2) (VP (ADVP only) (VP to (VP smooth (NP disorderly markets))) , not (VP to (VP (ADVP-MNR fundamentally) influence (NP (NP the dollar 's) value))))))) .)) (TOP (S (NP-SBJ (NP Rep. John LaFalce) (PRN -LRB- (NP D.) , (NP-LOC N.Y .) -RRB-)) (VP said (SBAR 0 (S (NP-SBJ-1 Mr. Johnson) (VP (VP refused (S (NP-SBJ *-1) (VP to (VP testify (ADVP-MNR jointly) (PP with (NP Mr. Mulford)))))) and (ADVP instead) (VP asked (S (NP-SBJ *-1) (VP to (VP appear (SBAR-TMP after (S (NP-SBJ the Treasury official) (VP had (VP completed (NP his testimony))))))))))))) .)) (TOP (S (NP-SBJ A Fed spokesman) (VP denied (NP (NP Mr. LaFalce 's) statement)) .)) (TOP (S (NP-SBJ-1 Mr. Mulford) (VP said (SBAR 0 (S (NP-SBJ (NP reports) (PP of (NP (NP tension) (PP between (NP the Treasury and Fed))))) (VP have (VP been (ADJP-PRD exaggerated))))) , (S-ADV (NP-SBJ *-1) (VP insisting (SBAR that (S (NP-SBJ they) (VP involved `` (NP nuances))))))) . '')) (TOP (S (NP-SBJ Mr. Johnson) (ADVP also) (VP said (SBAR that `` (S (PP-LOC in (NP (NP the scheme) (PP of (NP things)))) , (NP-SBJ these things) (VP are (ADJP-PRD minor))))) . '')) (TOP (S (PP On (NP other matters)) , (NP-SBJ Mr. Mulford) (VP said (SBAR 0 (S (NP-SBJ West Germany) (VP is (VP contributing (PP-CLR to (NP (NP imbalances) (PP-LOC in (NP the world economy)))) (PP-PRP because of (NP (NP its success) (PP as (NP an exporter))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The solution) (VP is (NP-PRD (NP stronger domestic growth) (PRN -LCB- (PP-LOC in (NP Germany)) -RCB-)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S-1 But (SBAR-PRP because (S (NP-SBJ (NP the growth) (PP of (NP the German economy))) (VP has (VP been (ADJP-PRD (ADJP stronger) (SBAR than (S (NP-SBJ-2 *) (VP expected (NP *-2))))))))) (PRN , (S (NP-SBJ Mr. Mulford) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP it) (SBAR *EXP*-3)) (VP 's (ADJP-PRD difficult) (SBAR-3 for (S (NP-SBJ the U.S.) (VP to (VP argue (SBAR that (S (NP-SBJ-4 Germany) (VP ought (S (NP-SBJ *-4) (VP to (VP adopt (NP (ADJP more stimulative) (ADJP monetary and fiscal) policies)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Germany 's) trade surplus) (VP is (PP-PRD (PP (ADVP largely) with (NP other European countries)) (CONJP rather than) (PP with (NP the U.S.))))) , (NP-SBJ Mr. Mulford) (VP acknowledged (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 But (ADVP nonetheless) (NP-SBJ U.S. companies) (VP might (VP be (ADJP-PRD more successful) (PP-LOC in (NP European markets)) (SBAR-ADV if not (FRAG (PP for (NP the German export push))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-69 (NP (NP Five officials) (PP of (NP this investment banking firm))) (NP *ICH*-1)) (VP were (VP elected (S (NP-SBJ *-69) (NP-PRD directors)) : (NP-1 (NP (NP E. Garrett Bewkes III) , (NP (NP a 38-year-old managing director) (PP-LOC in (NP the mergers and acquisitions department)))) ; (NP (NP Michael R. Dabney) , (NP 44) , (NP (NP a managing director) (SBAR (WHNP-100 who) (S (NP-SBJ *T*-100) (VP directs (NP (NP the principal activities group) (SBAR (WHNP-101 which) (S (NP-SBJ *T*-101) (VP provides (NP (NP funding) (PP for (NP leveraged acquisitions)))))))))))) ; (NP (NP Richard Harriton) , (NP 53) , (NP (NP a general partner) (SBAR (WHNP-102 who) (S (NP-SBJ *T*-102) (VP heads (NP the correspondent clearing services)))))) ; (NP (NP Michael Minikes) , (NP 46) , (NP (NP a general partner) (SBAR (WHNP-103 who) (S (NP-SBJ *T*-103) (VP is (NP-PRD treasurer)))))) ; and (NP (NP (NP William J. Montgoris) , (NP 42) , (NP (NP a general partner) (SBAR (WHNP-104 who) (S (NP-SBJ *T*-104) (VP is (ADVP also) (NP-PRD (NP (NP senior vice president) (PP of (NP finance))) and (NP chief financial officer))))))))))) .)) (TOP (S (NP-SBJ The board) (VP increased (PP-EXT by (NP one)) (PP-DIR to (NP 26 members))) .)) (TOP (S (PP-TMP In (NP the past year)) , (NP-SBJ one inside director) (VP resigned , (SBAR-ADV while (S (NP-SBJ three others) (VP retired)))) .)) (TOP (S (NP-SBJ Some U.S. allies) (VP are (VP complaining (SBAR that (S (NP-SBJ-1 President Bush) (VP is (VP pushing (NP conventional-arms talks) (ADVP-MNR too quickly) , (S-ADV (NP-SBJ *-1) (VP creating (NP a risk (SBAR that (S (NP-SBJ negotiators) (VP will (VP make (NP (NP errors) (SBAR (WHNP-105 that) (S (NP-SBJ *T*-105) (VP could (VP affect (NP (NP the security) (PP of (NP Western Europe))) (PP-TMP for (NP years)))))))))))))))))))) .)) (TOP (S (NP-SBJ-70 (NP Concerns) (PP about (NP (NP the pace) (PP of (NP (NP the Vienna talks) -- (SBAR (WHNP-1 which) (S (NP-SBJ-71 *T*-1) (VP are (VP aimed (NP *-71) (PP-CLR at (NP (NP (NP the destruction) (PP of (NP (QP some 100,000) weapons))) , (CONJP as well as) (NP (NP major reductions and realignments) (PP of (NP troops)) (PP-LOC in (NP central Europe))))))))) --))))) (ADVP also) (VP are (VP being (VP registered (NP *-70) (PP-LOC at (NP the Pentagon))))) .)) (TOP (S (NP-SBJ Mr. Bush) (VP has (VP called (PP-CLR for (NP (NP an agreement) (PP-TMP by (NP (NP next September) (PP-TMP at (NP the latest)))))))) .)) (TOP (S But (NP-SBJ some American defense officials) (VP believe (SBAR 0 (S (NP-SBJ-1 the North Atlantic Treaty Organization) (VP should (VP take (NP more time) (S-CLR (NP-SBJ *-1) (VP to (VP examine (NP (NP the long-term implications) (PP of (NP (NP the options) (VP being (VP considered (NP *)))))))))))))) .)) (TOP (S (PP For (NP one thing)) , (NP-SBJ (NP Pentagon officials) , (SBAR (WHNP-106 who) (S (NP-SBJ-3 *T*-106) (VP asked (S (NP-SBJ-4 *-3) not (VP to (VP be (VP identified (NP *-4)))))))) ,) (VP worry (SBAR that (S (NP-SBJ-2 the U.S.) (VP will (VP have (NP (NP a (ADVP much tougher) time) (S-NOM (NP-SBJ *-2) (VP persuading (NP-5 Europeans) (S (NP-SBJ *-5) (VP to (VP keep (NP some short-range nuclear weapons) (PP-LOC-CLR on (NP their soil)) (SBAR-TMP once (S (NP-SBJ-1 Soviet armored forces) (VP are (VP thinned (NP *-1) (PRT out)))))))))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ they) (VP contend (SBAR that (S (NP-SBJ (NP a reduction) (PP of (NP NATO forces)) (PP-LOC under (NP a treaty))) (VP will (VP increase (NP (NP the possibility) (PP of (NP a conventional Soviet attack))) (SBAR-ADV unless (S (NP-SBJ the West) (VP retains (NP (NP a residual force) (PP of (NP nuclear weapons))) (PP-LOC-CLR in (NP Europe)))))))))) .)) (TOP (S (NP-SBJ (NP Allies) (ADJP concerned (PP about (NP the deadline)))) (VP include (NP the (NX (NX British) , (NX French) and (NX (NX smaller NATO allies) , (SBAR (WHNP-107 (NP some) (WHPP of (WHNP whom))) (S (NP-SBJ *T*-107) (VP do n't (VP have (NP (NP adequate staffs) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP provide (NP (NP quick answers) (PP to (NP (NP the questions) (VP being (VP raised (NP *) (PP by (SBAR-NOM-LGS (WHNP-2 what) (S (NP-SBJ-72 *T*-2) (ADVP generally) (VP are (VP considered (S (NP-SBJ *-72) (NP-PRD (NP the (ADJP most complex) arms-control talks) (VP (ADVP-TMP ever) attempted (NP *))))))))))))))))))))))))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ no ally) (VP has (VP complained (ADVP-MNR openly) , (S-ADV (NP-SBJ *) (VP preserving (NP the impression (SBAR that (S (NP-SBJ NATO) (VP is (PP-PRD in (NP (NP line) (PP with (NP the Bush position (SBAR that (S (NP-SBJ (NP a quick agreement) (VP bringing (NP Soviet conventional forces) (ADVP-DIR down (PP to (NP (NP parity) (PP with (NP NATO))))))) (VP is (NP-PRD (NP the West 's) top bargaining priority)))))))))))))))) .)) (TOP (S But (SBAR-ADV even though (S (NP-SBJ NATO negotiators) (VP have (NP (NP (QP only 10) months) (VP left (NP *))) (PP-TMP under (NP the Bush timetable))))) , (NP-SBJ they) (VP are (ADVP-TMP still) (VP wrestling (PP over (NP (NP such (ADJP seemingly fundamental) questions) (PP as `` (SBARQ (WHNP-108 What) (SQ (NP-SBJ *T*-108) (VP is (NP-PRD a tank))) ?) ''))))))) (TOP (S (NP-SBJ-73 (NP Five) (PP of (NP (NP the six categories) (PP of (NP weapons)) (PP-LOC under (NP negotiation))))) (VP have n't (ADVP even) (VP been (VP defined (NP *-73)))) .)) (TOP (S (NP-SBJ-74 Tanks) (ADVP-TMP currently) (VP are (VP defined (NP *-74) (PP-CLR as (NP (NP armored vehicles) (VP weighing (NP 25 tons (QP or more))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP carry (NP large guns)))))))) .)) (TOP (S (NP-SBJ-1 The Soviets) (VP complicated (NP the issue) (PP-MNR by (S-NOM (NP-SBJ-2 *-1) (VP offering (S (NP-SBJ *-2) (VP to (VP include (NP (NP light tanks) , (SBAR (WHNP-109 which) (S (NP-SBJ *T*-109) (VP are (ADJP-PRD (ADJP as light) (PP as (NP 10 tons)))))))))))))) .)) (TOP (S (NP-SBJ (NP Oleg A. Grinevsky) , (NP (NP the chief Soviet negotiator) (PP-LOC in (NP the conventional-arms talks))) ,) (VP argued (SBAR that (S (NP-SBJ this) (VP would (VP mean (SBAR 0 (S (NP-SBJ-1 the Soviets) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP destroy (NP (QP some 1,800) tanks)))) , (SBAR-ADV while (S (NP-SBJ the U.S.) (VP would (VP lose (NP none) (SBAR-PRP because (S (NP-SBJ it) (VP has (NP no light tanks) (PP-LOC in (NP Europe)))))))))))))))))) .)) (TOP (S But (NP-SBJ the issue) (VP is (ADJP-PRD (ADJP stickier) (SBAR than (S (NP-SBJ it) (VP seems (ADJP-PRD *?*)))))) .)) (TOP (S (NP-SBJ France , Britain and Italy) all (VP have (NP (NP light tanks) (SBAR (WHNP-1 0) (S (NP-SBJ-2 they) (VP would (VP like (S (NP-SBJ *-2) (VP to (VP keep (NP *T*-1) (ADVP-CLR out (PP of (NP the talks)))))))))))) .)) (TOP (S And (NP-SBJ some U.S. Army analysts) (VP worry (SBAR that (S (NP-SBJ-75 the proposed Soviet redefinition) (VP is (VP aimed (NP-1 *-75) (PP-CLR at (S-NOM (NP-SBJ *-1) (VP blocking (NP-2 the U.S.) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP developing (NP lighter , (ADJP more transportable) , high-technology tanks)))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Defining (NP combat aircraft))) (VP is (ADJP-PRD even tougher)) .)) (TOP (S (NP-SBJ The Soviets) (VP (VP insisted (SBAR that (S (NP-SBJ-76 aircraft) (VP be (VP brought (NP *-76) (PP-DIR into (NP the talks))))))) , (ADVP then) (VP argued (PP-CLR for (S-NOM (NP-SBJ *) (VP exempting (NP (QP some 4,000) Russian planes) (SBAR-PRP because (S (NP-SBJ they) (VP are `` (ADJP-PRD solely defensive))))))))) . '')) (TOP (S (NP-SBJ NATO) (VP has n't (VP budged (PP-DIR from (NP its insistence (SBAR that (S (NP-SBJ any gun-carrying plane) (VP has (NP offensive capability)))))))) .)) (TOP (S (S (NP-SBJ (NP The dispute) (PP over (NP that issue))) , (PP according (PP to (NP one U.S. official))) , (VP is (NP-PRD a `` potential treaty stopper))) , '' and (S (NP-SBJ-1 only (NP President Bush) and (NP Soviet leader Mikhail Gorbachev)) (VP may (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP resolve (NP it)))))))) .)) (TOP (S (NP-SBJ Accounting problems) (VP raise (NP more knotty issues)) .)) (TOP (S (NP-SBJ-77 Greece and Turkey) , (PP for (NP example)) , (VP are (VP suspected (NP-1 *-77) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP overstating (NP their arsenals) (PP in (NP hopes (SBAR that (S (NP-SBJ they) (VP can (VP emerge (PP-DIR from (NP the arms-reduction treaty)) (PP with (NP (NP large remaining forces) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP deter (NP each other)))))))))))))))))) .)) (TOP (S (NP-SBJ Other nations) (VP are n't (ADJP-PRD sure (SBAR (WHNP-1 (WHADJP how many) weapons) (S (NP-SBJ they) (VP have (NP *T*-1) (PP-LOC in (NP their own arsenals))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 It) (VP 's (ADVP just) (VP going (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD sloppy) , (PP-LOC both on (NP (NP our side) and (NP (NP theirs) (PRN -LCB- (NP the Warsaw Pact 's) -RCB-)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ one NATO analyst) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ-1 neither (NP the Bush administration) nor (NP (NP arms-control experts) (PP-LOC in (NP Congress)))) (VP seem (S (NP-SBJ-2 *-1) (VP moved (NP *-2) (PP by (NP-LGS arguments (SBAR that (S (NP-SBJ (NP these problems) (SBAR *ICH*-4)) (VP may (VP take (NP (NP more time) (SBAR *ICH*-5)) (SBAR-4 (WHNP-3 0) (S (NP-SBJ *) (VP to (VP thrash (NP *T*-3) (PRT out))))) (SBAR-5 than (S (NP-SBJ President Bush) (VP has (VP allowed (NP *?*)))))))))))))) .)) (TOP (S (NP-SBJ They) (VP argue (SBAR that (S (NP-SBJ the bigger danger) (VP would (VP be (SBAR-PRD that (S (NP-SBJ the West) (VP would (VP delay (NP action) (ADVP-TMP (ADVP so long) (SBAR that (S (NP-SBJ the Soviets) (VP might (VP back (ADVP-DIR away (PP from (NP the current conciliatory attitude))))))))))))))))) .)) (TOP (SINV `` (FRAG-TPC-1 So what (SBAR-ADV if (S (NP-SBJ you) (VP miss (NP 50 tanks) (NP-LOC somewhere)))) ?) '' (VP asks (FRAG *T*-1)) (NP-SBJ (NP Rep. Norman Dicks) (PRN -LRB- (NP D.) , (NP-LOC Wash.) -RRB-) , (NP (NP a member) (PP of (NP (NP the House group) (SBAR (WHNP-110 that) (S (NP-SBJ *T*-110) (VP visited (NP (NP the talks) (PP-LOC in (NP Vienna)))))))))) .)) (TOP (S `` (NP-SBJ The bottom line) (VP is (SBAR-PRD that (S (SBAR-ADV if (S (NP-SBJ we) (VP can (VP get (S (NP-SBJ-1 that (PRN -LCB- Warsaw Pact -RCB-) superiority) (VP brought (NP *-1) (ADVP-DIR down (PP to (NP parity))))))))) , (NP-SBJ-2 we) (VP ought (S (NP-SBJ-3 *-2) (VP to (VP keep (S (NP-SBJ *-3) (VP pressing (ADVP-DIR ahead) (ADVP-MNR (ADVP as quickly) (SBAR as (FRAG (ADJP-PRD possible))))))))))))) .)) (TOP (S (NP-SBJ I) (VP worry (ADVP more) (PP-CLR about (S-NOM (NP-SBJ things) (VP becoming (ADJP-PRD (ADJP so unraveled) (SBAR *ICH*-2)) (PP-LOC on (NP the other side)) (SBAR-2 that (S (NP-SBJ-1 they) (VP might (VP become (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP negotiate)))))))))))) .)) (TOP (S (NP-SBJ International Lease Finance Corp.) (VP announced (NP (NP a leasing contract) (PP with (NP charter carrier American Trans Air Inc.)) , (PP-LOC in (NP (NP a transaction) (VP involving (NP six Boeing Co. 757-200s)))))) .)) (TOP (S (NP-SBJ (NP The value) (PP of (NP (NP the jets) , (PP including (NP spares)) ,))) (VP is (PP-PRD in (NP (NP excess) (PP of (NP (QP $ 250 million) *U*))))) .)) (TOP (S (NP-SBJ (NP Two) (PP of (NP the 757-200s))) (VP are (NP-PRD (NP new aircraft) (SBAR (WHNP-1 0) (S (NP-SBJ-78 *T*-1) (VP to (VP be (VP delivered (NP *-78) (PP-DIR to (NP (NP American Trans Air) , (NP (NP the main subsidiary) (PP of (NP Amtran Inc.))) ,)) (PP-TMP in (NP (NP December 1991) and (NP January 1992)))))))))) .)) (TOP (S (NP-SBJ-79 (NP Four) (PP of (NP the planes))) (VP were (VP purchased (NP *-79) (PP by (NP-LGS International Lease)) (PP-CLR from (NP Singapore Airlines)) (PP-LOC in (NP a (ADJP previously announced) transaction)))) .)) (TOP (S (S (NP-SBJ-3 (NP Delivery) (PP of (NP-2 the first aircraft))) (VP is (VP set (NP *-3) (PP-CLR-1 for (NP early November))))) , (S (NP=2 a second) (PP-CLR=1 for (NP December))) and (S (NP=2 two) (PP-CLR=1 for (NP April 1990))) .)) (TOP (S (NP-SBJ (NP (NP Norway 's) unemployment rate) (PP for (NP October))) (VP was (NP-PRD (NP 3.6 %) , (UCP (ADJP unchanged (PP from (NP September))) but (ADVP up (PP from (NP (NP 2.6 %) (PP-TMP in (NP (NP the same month) (NP-TMP last year))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ The figure) (VP excludes (NP (NP a record number) (VP employed (NP *) (PP by (NP-LGS extraordinary government work programs)))))) , (NP-SBJ the Labor Directorate) (VP announced (SBAR 0 (S *T*-2)) (NP-TMP Tuesday)) .)) (TOP (S (PP Including (NP (NP those) (PP-LOC in (NP the state programs)))) , (NP-SBJ there) (VP were (NP-PRD (NP (NP (NP 143,800 Norwegians) (ADVP *ICH*-1)) , or (NP (NP (QP about 6.5) %) (PP of (NP the work force))) ,) (PP without (NP permanent employment))) (PP-TMP in (NP October)) , (ADVP-1 up (PP from (NP (NP September 's) 136,800)))) .)) (TOP (S (NP-SBJ (NP The number) (PP of (NP (NP people) (VP registered (NP *) (PP-CLR as (ADJP jobless)) (PP-TMP at (NP (NP the end) (PP of (NP October)))))))) (VP declined (PP-EXT by (NP 900)) (PP-DIR from (NP-TMP September)) (PP-DIR to (NP 78,600))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Those) (VP employed (NP *) (PP-LOC-CLR in (NP state-funded special programs)))) (VP increased (PP-EXT by (NP 7,400)) (PP-DIR to (NP 65,200)) (PP-TMP in (NP the same period))) ,) (NP-SBJ the Directorate) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-TMP In (NP October 1988)) , (NP-SBJ there) (VP were (NP-PRD (NP 40,800 fewer) (VP employed (NP *) (PP by (NP-LGS government programs))))) .)) (TOP (S (NP-SBJ-1 Coca-Cola Co.) , (S-ADV (NP-SBJ-2 *-1) (VP aiming (S (NP-SBJ *-2) (VP to (VP boost (NP (NP soft-drink volume) (PP-LOC in (NP Singapore)))))))) , (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP discussing (NP a joint venture) (PP with (NP (NP Fraser & Neave Ltd.) , (NP (NP its bottling franchisee) (PP-LOC in (NP that country)))))))))) .)) (TOP (S (NP-SBJ The venture) (VP would (VP be (NP-PRD (NP the latest) (PP-LOC in (NP (NP (NP Coke 's) rapid expansion) (PP of (NP overseas investment))))))) .)) (TOP (S (ADVP-TMP So far) (NP-TMP this year) , (NP-SBJ it) (VP has (VP put (NP (QP nearly $ 700 million) *U*) (PP-DIR into (NP (NP bottling operations) (PP-LOC in (NP (NP Australia) , (NP New Zealand) and (NP France))))))) .)) (TOP (S (NP-SBJ The move) (ADVP also) (VP reflects (NP (NP Coke 's) eagerness (S (NP-SBJ *) (VP to (VP have (NP a hand) (PP-LOC-CLR in (S-NOM (NP-SBJ *) (VP developing (NP (NP the soft-drink markets) (PP-LOC in (NP Pacific Basin countries))))))))))) .)) (TOP (S (ADVP Aside (PP from (NP Europe))) , (NP-SBJ the Pacific division) (VP is (SBAR-LOC-PRD (WHADVP-1 where) (S (NP-SBJ Coke) (VP will (VP be (VP focusing (NP (NP much) (PP of (NP its attention))) (PP-TMP for (NP (NP years) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP come)))))) (ADVP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRP-PRD because (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Coke) (VP looks (PP-CLR to (NP the Pacific area)) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP sees (NP an (ADJP economic and demographic) gold mine))))) .)) (TOP (S (PP-LOC In (NP (NP countries) (PP such as (NP (NP Taiwan) , (NP South Korea) and (NP Singapore))))) , (NP-SBJ economies) (VP are (VP growing , (S-ADV (NP-SBJ *) (VP resulting (PP-CLR in (NP (NP a rise) (PP-LOC in (NP (NP disposable income) (SBAR (WHNP-111 that) (S (NP-SBJ consumers) (VP can (VP use (NP *T*-111) (PP-PRP for (NP soft drinks)))))))))))))) .)) (TOP (S And (PP unlike (NP (NP (NP Europe) and (NP the U.S.)) , (SBAR (WHADVP-1 where) (S (NP-SBJ populations) (VP are (VP aging (ADVP-LOC *T*-1))))) ,)) (NP-SBJ the Pacific Basin countries) (VP have (NP (NP growing proportions) (PP of (NP (NP youths) -- (NP (NP the heaviest consumers) (PP of (NP (NP Coca-Cola) and (NP other sodas)))))))) .)) (TOP (S (NP-SBJ A Coca-Cola spokesman) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (ADJP-PRD too early (S (NP-SBJ *) (VP to (VP say (SBAR (SBAR (WHADVP-1 how) (S (NP-SBJ-81 the joint venture) (VP would (VP be (VP structured (ADVP-MNR *T*-1)))))) , or (SBAR (WHNP-3 how much) (S (NP-SBJ the company) (VP would (VP invest (NP *T*-3) (PP-CLR in (NP the transaction))))))))))))))) .)) (TOP (S (PP-TMP In (NP the past)) , (ADVP however) , (NP-SBJ Coke) (VP has (ADVP typically) (VP taken (NP (NP a minority stake) (PP-LOC in (NP such ventures))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP acquiring (NP (NP stakes) (PP-LOC in (NP (NP bottling companies) (UCP-LOC (PP in (NP the U.S.)) and (ADVP overseas)))))))) , (NP-SBJ-1 Coke) (VP has (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP improve (NP (NP bottlers ') efficiency and production , and (PP-LOC in (NP some cases)) , marketing))))))) .)) (TOP (S (NP-SBJ-1 Coke) (VP has (VP tended (S (NP-SBJ *-1) (VP to (VP increase (NP its control) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ results) (VP were (ADJP-PRD sluggish) (PP-LOC in (NP a given country)) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ-1 That) (VP does n't (VP appear (S (NP-SBJ *-1) (VP to (VP be (NP-PRD the case)))) (PP-LOC in (NP (NP Singapore) , (NP (NP a country) (PP of (NP (QP about three million) people)) (PP with (NP (NP a (ADJP relatively high) soft-drink consumption rate) -- (NP (NP a key indicator) (PP of (NP (NP (NP Coke 's) success) (PP-LOC in (NP a market)))))))))))) .)) (TOP (S (PP-LOC In (NP Singapore)) , (NP-SBJ per-capita consumption) (VP is (NP-PRD (NP (QP about one-third) that) (PP of (NP the U.S)))) .)) (TOP (S And (S-TPC-1 (S-NOM-SBJ (NP-SBJ *) (VP combining (NP (NP Fraser & Neave 's) own soft drinks) (PP-CLR with (NP Coca-Cola 's)))) (VP gives (NP the Singapore company) (NP (NP (QP more than half) the share) (PP of (NP (NP the soda market) (ADVP-LOC there)))))) , (NP-SBJ Coke) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Fraser & Neave) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP has (NP (NP interests) (PP in (NP (NP packaging) , (NP beer) and (NP dairy products))))))) ,) (VP holds (NP (NP the Coke licenses) (PP for (NP (NP Malaysia and Brunei) , (SBAR (WHADVP-2 where) (S (NP-SBJ per-capita consumption) (VP is n't (ADJP-PRD (ADJP as high) (PP as (PP-LOC in (NP Singapore)))) (ADVP-LOC *T*-2)))))))) .)) (TOP (S (NP-SBJ-1 Coke) (VP could (VP be (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *-1) (VP (ADVP-MNR more quickly) developing (NP (NP some) (PP of (NP (NP the untapped potential) (PP-LOC in (NP those markets))))))))))) .)) (TOP (S (NP-SBJ A Coke spokesman) (VP said (SBAR 0 (S (NP-SBJ he) (VP could n't (VP say (SBAR whether (S (NP-SBJ that) (VP is (NP-PRD (NP the direction) (PP of (NP the talks))))))))))) .)) (TOP (S (NP-SBJ Coke) (VP said (SBAR 0 (S (NP-SBJ-82 (NP the joint-venture arrangement) , (SBAR (WHNP-112 which) (S (NP-SBJ *T*-112) (VP needs (NP (NP approval) (PP from (NP (NP both companies ') boards)))))) ,) (VP should (VP be (VP completed (NP *-82) (NP-TMP early next year))))))) .)) (TOP (S (NP-SBJ (NP AMERICAN BRANDS Inc.) , (NP-LOC (NP Old Greenwich) , (NP Conn.)) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP increased (NP (NP its quarterly 11 %) (ADJP *ICH*-1)) (PP-DIR to (NP (NP 68 cents) (NP-ADV a share))) (PP-DIR from (NP 61 cents)) , (ADJP-1 payable (NP-TMP Dec. 1) (PP to (NP (NP stock) (PP of (NP record)) (NP-TMP Nov. 10)))))))) .)) (TOP (S (NP-SBJ The increase) (VP (VP follows (NP (NP (NP the company 's) report) (PP of (NP (NP strong earnings) (PP-TMP for (NP the third quarter)))))) , and (VP reflects (SBAR-NOM (WHNP-113 what) (S (NP-SBJ American Brands) (VP called (S (NP-SBJ *T*-113) (NP-PRD (NP its `` tradition) (PP of (S-NOM (NP-SBJ *) (VP sharing (NP earnings growth) '' (PP-CLR with (NP shareholders)))))))))))) .)) (TOP (S (NP-SBJ American Brands) (VP is (NP-PRD (NP a consumer products company) (PP with (NP (NP core businesses) (PP-LOC in (NP (NP tobacco) , (NP distilled spirits) and (NP life insurance))))))) .)) (TOP (S (PP-TMP As (PP of (NP Sept. 30))) , (NP-SBJ American Brands) (VP had (NP (NP (QP 95.2 million) shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ Giovanni Agnelli & Co.) (VP announced (NP (NP a transaction) (SBAR (WHNP-114 that) (S (NP-SBJ *T*-114) (VP (VP will (VP strengthen (NP (NP its indirect control) (PP of (NP Fiat S.p . A.))))) and (VP will (VP admit (NP Prince Karim Aga Khan) (PP as (NP its first non-family shareholder))))))))) .)) (TOP (S (NP-SBJ (NP Giovanni Agnelli) , (NP (NP a limited partnership) (SBAR (WHNP-115 that) (S (NP-SBJ *T*-115) (VP is (NP-PRD (NP the master holding company) (PP for (NP (NP Fiat 's) Agnelli family))))))) ,) (VP owns (NP (NP (QP approximately 75) %) (PP of (NP (NP the shares) (PP-LOC in (NP (NP Istituto Finanziario Industriale) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (PP in (NP turn)) (VP owns (NP (NP (QP approximately 40) %) (PP of (NP (NP Fiat) , (NP (NP Italy 's) biggest private-sector industrial group))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 (NP Maria Sole Agnelli Teodorani) , (NP (NP sister) (PP of (NP Fiat Chairman Giovanni Agnelli))) ,) (VP agreed (S (NP-SBJ *-1) (VP to (VP trade (NP (NP her shares) (PP-LOC in (NP IFI))) (PP-CLR for (NP (NP new ordinary shares) (PP-LOC in (NP the limited partnership)))) , (SBAR-ADV (WHNP-116 which) (S (NP-SBJ *T*-116) (VP will (VP give (NP her) (NP (NP control) (PP of (NP (NP 4.67 %) (PP of (NP Giovanni Agnelli & Co)))))))))))))))) .)) (TOP (S (NP-SBJ-1 The Aga Khan) , (ADVP-TMP meanwhile) , (VP agreed (S (NP-SBJ *-1) (VP to (VP trade (NP (NP some) (PP of (NP (NP his stake) (PP-LOC in (NP (NP Luxembourg-based Ifint S.A.) , (NP another Agnelli family company) ,))))) (PP-CLR for (NP (NP 7.45 %) (PP of (NP (NP Giovanni Agnelli & Co. 's) capital)))))))) .)) (TOP (S (NP-SBJ His new stake) (VP would (VP be (PP-PRD in (NP (NP the form) (PP of (NP (NP preferred shares) , (SBAR (WHNP-117 which) (S (NP-SBJ *T*-117) (VP (VP receive (NP higher dividends)) but (VP have (NP voting rights) (PP-LOC (ADVP only) in (NP extraordinary shareholders assemblies)))))))))))) .)) (TOP (S (NP-SBJ The Aga Khan) (VP owns (NP (NP 10 %) (PP of (NP (NP Ifint 's) capital))) , (SBAR-ADV while (S (NP-SBJ IFI) (VP owns (NP 23 %))))) .)) (TOP (S (PP-PRP As (NP (NP a result) (PP of (NP (NP the transaction) , (SBAR (WHNP-118 which) (S (NP-SBJ-1 *T*-118) (VP is (VP expected (S (NP-SBJ-83 *-1) (VP to (VP be (VP approved (NP *-83) (PP-LOC at (NP a shareholders meeting)) (NP-TMP Nov. 24))))))))))))) , (NP-SBJ Giovanni Agnelli & Co.) (VP will (VP control (NP (NP 79.18 %) (PP of (NP (NP IFI 's) ordinary shares))))) .)) (TOP (S (NP-SBJ-84 Its capital) (VP will (ADVP also) (VP be (VP raised (NP *-84) (PP-DIR to (NP (NP (QP 232.4 billion) lire) (PRN -LRB- (NP (QP $ 172.5 million) *U*) -RRB-))) (PP-DIR from (NP the current (QP 204.3 billion) lire))))) .)) (TOP (S (NP-SBJ IFI) (ADVP also) (VP has (NP (NP nonvoting preferred shares) , (SBAR (WHNP-1 which) (S (NP-SBJ-85 *T*-1) (VP are (VP quoted (NP *-85) (PP-LOC on (NP the Milan stock exchange)))))))) .)) (TOP (S (S (NP-SBJ-1 (NP The value) (PP of (NP the two transactions))) (VP was n't (VP disclosed (NP *-1)))) , but (S (NP-SBJ an IFI spokesman) (VP said (SBAR 0 (S (NP-SBJ no cash) (VP would (VP change (NP hands))))))) .)) (TOP (S (NP-SBJ The move) (VP strengthens (NP (NP the existing links) (PP between (NP (NP the Agnellis) and (NP (NP the Aga Khan) , (NP (NP the head) (PP of (NP (NP the world 's) Ismaili Moslems))) (SBAR (WHNP-119 who) (S (S (NP-SBJ-1 *T*-119) (VP is (NP-PRD a longtime family friend))) and (S (NP-SBJ *-1) (ADVP-TMP frequently) (VP goes (NP sailing) (PP with (NP Mr. Agnelli))))))))))) .)) (TOP (S (S (NP-SBJ (NP Mr. Agnelli) and (NP the Aga Khan)) (ADVP also) (VP have (NP some business ties))) , and (S (NP-SBJ (NP a spokesman) (PP for (NP the Agnelli company))) (VP did n't (VP rule (ADVP-CLR out) (SBAR that (S (NP-SBJ the current agreement) (VP could (VP lead (PP-DIR to (NP further collaboration))))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ Ifint) (NP-TMP earlier this year) (VP bought (NP (NP an (ADJP 18 %) stake) (PP-LOC in (NP (NP Alisarda) , (NP (NP the Aga Khan 's) airline) , (SBAR (WHNP-120 which) (S (NP-SBJ *T*-120) (VP flies (PP-DIR between (NP Italy and Sardinia))))))))) .)) (TOP (S (NP-SBJ (NP Giovanni Agnelli & Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ-86 *T*-1) (VP was (VP formed (NP *-86) (PP-TMP in (NP January 1987)) (PP as (NP (NP a way) (PP of (S-NOM (NP-SBJ *) (VP keeping (S (NP-SBJ (NP (NP the Agnellis ') controlling stake) (PP-LOC in (NP Fiat))) (ADJP-PRD together)) (PP despite (NP an ever-growing family tree))))))))))) ,) (VP has (VP been (VP playing (NP (NP a more active role) (PP-LOC in (NP the Agnelli group))) (ADVP-TMP of late)))) .)) (TOP (S (NP-SBJ-1 It) (VP raised (NP (NP financing) (PP of (NP (QP 300 billion) lire))) (PP-PRP for (NP (NP the purchase) (NP-TMP this summer) (PP by (NP another Agnelli-related group)) (PP of (NP (NP the food concern) (NP Galbani S.p . A.))))) , (PP-MNR by (S-NOM (NP-SBJ *-1) (VP selling (NP (NP a chunk) (PP of (NP its IFI shares))) (PP-DTV to (NP Mediobanca S.p . A.)))))))) (TOP (S (NP-SBJ Mediobanca) (VP said (PP-TMP during (NP the weekend)) (SBAR that (S (NP-SBJ-2 it) (VP agreed (S (NP-SBJ *-2) (VP to (VP sell (NP the shares) (ADVP-CLR back (PP to (NP Giovanni Agnelli))) (PP-CLR for (NP (QP 333 billion) lire))))))))) .)) (TOP (S (NP-SBJ (NP Your Oct. 2 page-one article) (PP on (NP (NP people) (VP riding (NP so-called `` railbikes '') (PP-LOC on (NP railroad tracks)))))) (VP was (NP-PRD (NP a disservice) (PP to (NP your readers)))) .)) (TOP (S (NP-SBJ It) (ADVP unfortunately) (VP encourages (S (NP-SBJ others) (VP to (VP engage (PP-CLR in (NP (NP a (ADJP (ADJP highly dangerous) and (ADJP illegal)) activity) (SBAR (WHNP-1 that) (S (NP-SBJ only a very few) (VP are (VP doing (NP *T*-1) (ADVP-TMP now))))))))))) .)) (TOP (S And (NP-SBJ it) (VP treats (NP such activities) (PP-MNR in (NP a frivolous , cavalier fashion)) , (PP with (NP (NP total indifference) (PP to (NP (NP common sense) and (NP public safety)))))) .)) (TOP (NP Saul Resnick)) (TOP (NP Vice President)) (TOP (NP Public Affairs)) (TOP (NP Conrail)) (TOP (S (NP-SBJ MCI Communications Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP (NP a three-year contract) (VP valued (NP *) (PP-CLR at (NP (QP more than $ 15 million) *U*))) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP provide (NP network , credit-card and other telecommunications services) (PP-DTV to (NP Drexel Burnham Lambert Inc))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Congressional Democrats) and (NP the Bush administration)) (VP agreed (PP-CLR on (NP a compromise minimum-wage bill)) , (S-ADV (NP-SBJ *-1) (VP opening (NP (NP the way) (PP for (NP (NP the first wage-floor boost) (PP-TMP in (NP (QP more than nine) years)))))))) .)) (TOP (S (NP-SBJ The agreement) (VP ended (NP (NP a long impasse) (PP between (NP (NP the congressional leaders) and (NP the White House))) (PP over (NP the wage issue)))) .)) (TOP (S (NP-SBJ President Bush) (PP-TMP in (NP June)) (VP (VP vetoed (NP (NP a measure) (VP passed (NP *) (PP by (NP-LGS Congress))))) and (VP said (SBAR 0 (S (NP-SBJ he) (VP would n't (VP accept (NP (NP any minimum-wage rise) (SBAR (WHNP-121 that) (S (NP-SBJ *T*-121) (VP went (PP-DIR beyond (NP (NP limits) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP set (NP *T*-2) (PP-TMP (ADVP early) in (NP (NP (NP this year 's) debate) (PP on (NP the issue))))))))))))))))))) .)) (TOP (S (NP-SBJ The compromise) (VP was (NP-PRD (NP a (ADJP somewhat softened) version) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ the White House) (VP had (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP accept (NP *T*-1)))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP the agreement) (PP with (NP the House and Senate leaders)))) , (NP-SBJ the minimum wage) (VP would (VP rise (PP-DIR from (NP (NP the current $ 3.35 *U*) (NP-ADV an hour))) (PP-DIR to (NP (NP $ 4.25 *U*) (NP-ADV an hour))) (PP-TMP by (NP April 1991)))) .)) (TOP (S (NP-SBJ Employers) (VP could (ADVP also) (VP (VP pay (NP a subminimum `` training wage '') (PP-TMP-1 for (NP 90 days)) (PP-DTV to (NP (NP new workers) (SBAR (WHNP-122 who) (S (NP-SBJ *T*-122) (VP are (ADJP-PRD (NP (QP up to 19) years) old)))))) (SBAR-ADV-2 *NOT*)) , and (ADVP then) (VP (PP-TMP=1 for (NP another 90 days)) (SBAR-ADV=2 if (S (NP-SBJ the company) (VP institutes (NP (NP a specific training program) (PP for (NP the newcomers))))))))) .)) (TOP (S (NP-SBJ White House officials) (VP were (ADJP-PRD delighted (SBAR that (S (NP-SBJ the compromise) (VP includes (NP (NP the concept) (PP of (NP (NP a training wage) , (SBAR (WHNP-1 which) (S (NP-SBJ Mr. Bush) (VP has (VP fought (PP-CLR for (NP *T*-1)) (PP-TMP throughout (NP the year)))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (PP-TMP For (NP (NP the first time) (PP-LOC in (NP history)))) , (NP-SBJ we) (VP have (NP (NP a training wage) (SBAR (WHNP-123 that) (S (NP-SBJ *T*-123) (VP will (VP be (NP-PRD (NP part) '' (PP of (NP (NP the nation 's) labor laws)))))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Roger Porter) , (NP (NP assistant) (PP to (NP the president)) (PP for (NP (ADJP economic and domestic) policy)))) .)) (TOP (S (NP-SBJ White House aides) (VP said (SBAR that (S (SBAR-ADV although (S (NP-SBJ they) (VP made (NP (NP a small compromise) (PP on (NP (NP the length) (PP of (NP a training wage)))))))) , (NP-SBJ the final minimum-wage increase) (VP will (VP meet (NP (NP the standards) (VP set (NP *) (PP by (NP-LGS Mr. Bush))))))))) .)) (TOP (S (NP-SBJ (NP (NP The bill) (VP vetoed (NP *) (PP by (NP-LGS the president)) (PP-TMP in (NP June)))) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 the House) (VP failed (S (NP-SBJ *-1) (VP to (VP override (NP *T*-2))))))) ,) (VP would (VP have (VP lifted (NP the minimum wage) (PP-DIR to (NP (NP $ 4.55 *U*) (NP-ADV an hour))) (PP-TMP by (NP late 1991)) , (PP with (NP (NP a training wage) (PP-TMP for (NP (QP up to two) months)) , (PP (ADVP generally) for (NP (NP a worker 's) first job))))))) .)) (TOP (S (NP-SBJ Mr. Bush) (VP had (VP been (VP holding (ADVP-CLR out) (PP-CLR for (NP (NP (NP a bill) (VP boosting (NP the wage floor) (PP-DIR to (NP (NP $ 4.25 *U*) (NP-ADV an hour))) (PP-TMP by (NP (NP the end) (PP of (NP 1991)))))) , (VP coupled (NP *) (PP-CLR with (NP (NP a six-month training wage) (PP for (NP (NP workers) (VP (ADVP newly) hired (NP *) (PP by (NP-LGS any employer))))))))))))) .)) (TOP (S (PP-LOC Under (NP the compromise)) , (NP-SBJ-87 the (ADJP $ 4.25 *U*) level) (VP would (VP be (VP reached (NP *-87) (ADVP-TMP (NP nine months) earlier) , (SBAR-ADV while (S (NP-SBJ the training subminimum) (VP would (VP be (ADJP-PRD shorter))))) , (SBAR-ADV unless (S (NP-SBJ-88 it) (VP is (VP tied (NP *-88) (PP-CLR to (NP a training plan))))))))) .)) (TOP (S (NP-SBJ Democrats) (VP argued (SBAR that (S (NP-SBJ the training wage) (VP was (NP-PRD (NP a way) (PP of (S-NOM (NP-SBJ *) (VP allowing (S (NP-SBJ employers) (VP to (VP pay (NP (NP less) (PP than (NP the minimum wage))) , (SBAR-ADV while (S (NP-SBJ-1 new workers) (VP need (NP (QP far less than six) months) (S-CLR (NP-SBJ-89 *-1) (VP to (VP be (VP trained (NP *-89) (PP-CLR for (NP their jobs)))))))))))))))))))) .)) (TOP (S (NP-SBJ Democrats) (VP had (VP been (VP negotiating (PP with (NP some Republican congressional leaders)) (PP on (NP a compromise)) (ADVP-TMP lately)))) .)) (TOP (S (PP With (NP (NP congressional elections) (NP-TMP next year))) , (NP-SBJ-1 GOP leaders) (VP have (VP worried (PP-CLR about (S-NOM (NP-SBJ *-1) (VP opposing (NP (NP a minimum-wage rise) (PP for (NP low-paid workers))) (PP-TMP at (NP (NP a time) (SBAR (WHADVP-2 when) (S (NP-SBJ Congress) (VP is (VP moving (PP-DIR toward (NP (NP a capital-gains tax cut) (SBAR (WHNP-124 that) (S (NP-SBJ *T*-124) (VP would (VP (ADVP-MNR directly) benefit (NP wealthier taxpayers))))))) (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ Republicans) (VP have (VP been (VP imploring (NP-1 the White House) (S (NP-SBJ *-1) (VP to (VP compromise (PP on (NP the wage issue)))))))) .)) (TOP (S (S (PP-LOC In (NP the Senate)) , (NP-SBJ (NP (NP Edward Kennedy) (PRN -LRB- (NP D.) , (NP-LOC Mass.) -RRB-) , (NP (NP chairman) (PP of (NP the Labor Committee)))) , and (NP (NP Pete Domenici) , (PRN -LRB- (NP R.) , (NP-LOC N.M .) -RRB-) (NP (NP ranking minority member) (PP of (NP the Budget Committee)))) ,) (VP have (VP been (VP working (PP-CLR on (NP a compromise)))))) , and (S (S-TPC-1 (NP-SBJ their soundings) (VP showed (SBAR that (S (NP-SBJ-2 the Senate) (VP appeared (S (NP-SBJ *-2) (VP to (VP be (VP heading (PP-DIR toward (NP enough strength (S (NP-SBJ *) (VP to (VP override (NP another Bush veto))))))))))))))) , (NP-SBJ a Democratic staff official) (VP said (SBAR 0 (S *T*-1)))) .)) (TOP (S (NP-SBJ-1 The House) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP vote (NP-TMP this week) (PP-CLR on (NP (NP the compromise) , (PP as (NP (NP a substitute) (PP to (NP (NP a new Democratic bill) , (NP (NP itself) (VP watered (NP *) (ADVP-CLR down) (PP from (NP (NP last spring 's) version))))))))))))))) .)) (TOP (S (NP-SBJ The Senate) (VP will (ADVP probably) (VP vote (ADVP-TMP (NP not long) afterward))) .)) (TOP (S (NP-SBJ Some Democrats) (VP thought (SBAR 0 (S (NP-SBJ they) (VP might (VP have (VP compromised (ADVP too much))))))) .)) (TOP (S (NP-SBJ (NP Rep. Austin Murphy) (PRN -LRB- (NP D.) , (NP-LOC Pa.) -RRB-) , (NP (NP chairman) (PP of (NP the House labor standards subcommittee))) ,) (VP said (SBAR 0 (S (NP-SBJ they) (VP might (VP have (VP done (ADVP-MNR better) `` (SBAR-ADV if (S (NP-SBJ we) (VP 'd (VP held (NP their feet) (PP-CLR to (NP the fire)))))))))))) . '')) (TOP (S (S (NP-SBJ Mr. Kennedy) (VP suggested (SBAR 0 (S (NP-SBJ Democrats) `` (VP yielded (NP a great deal) '' (PP on (NP (NP the size) (PP of (NP the increase))))))))) , but (S (NP-SBJ he) (VP cited (NP (NP (NP concessions) (PP from (NP the White House)) (PP on (NP the training wage))) , (SBAR (WHNP-1 which) (S-2 (PRN (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))))) (NP-SBJ *T*-1) (VP make (S (NP-SBJ it) `` (ADJP-PRD less harsh)))))))) . '')) (TOP (S (S-TPC-1 (SBAR-ADV With (S (NP-SBJ only (NP 16-year-olds) to (NP 19-year-olds)) (ADJP-PRD eligible))) , (NP-SBJ (NP 68 %) (PP of (NP (NP (NP workers) (VP getting (NP (NP (QP less than $ 4.25) *U*) (NP-ADV an hour)))) , (SBAR (WHNP-125 who) (S (NP-SBJ *T*-125) (VP are (NP-PRD adults)))) ,))) (VP wo n't (VP be (ADJP-PRD subject (PP to (NP the training wage)))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The AFL-CIO) , (SBAR (WHNP-126 which) (S (NP-SBJ *T*-126) (ADVP-TMP previously) (VP opposed (NP (NP the administration 's) subminimum idea)))) ,) (VP said (SBAR 0 (S (NP-SBJ the compromise) (VP has `` (NP adequate safeguards) , (SBAR-PRP so (S (S (NP-SBJ-1 the youth) (VP are not (VP exploited (NP *-1)))) and (S (NP-SBJ-2 older workers) (VP are not (VP displaced (NP *-2)))))))))) . '')) (TOP (S (NP-SBJ Gerald F. Seib) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ (NP Moody 's) Investors Service Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP lowered (NP (NP the ratings) (PP on (NP (NP (QP about $ 3.2 billion) *U*) (PP of (NP (NP Houston Lighting & Power Co. 's) securities))))) (PP-PRP because of (NP (NP (NP the company 's) low levels) (PP of (NP (NP interest coverage) and (NP internal cash generation))))))))) .)) (TOP (S (NP-SBJ Houston Lighting) (VP is (NP-PRD (NP a unit) (PP of (NP (NP Houston Industries Inc.) , (NP (NP a utility holding company) (PP-LOC in (NP Houston))))))) .)) (TOP (S (SINV (VP-TPC-3 Downgraded (NP *-1) (PP by (NP-LGS Moody 's))) (VP were (VP *T*-3)) (NP-SBJ-1 (NP Houston Lighting 's) (NX (NX first-mortgage bonds) and (NX secured pollution-control bonds))) (PP-DIR-2 to (NP single-A-3)) (PP-DIR-4 from (NP single-A-2))) ; (SINV (NP-SBJ=1 unsecured pollution-control bonds) (PP-DIR=2 to (NP Baa-1)) (PP-DIR=4 from (NP single-A-3))) ; (SINV (NP-SBJ=1 preferred stock) (PP-DIR=2 to (NP single-A-3)) (PP-DIR=4 from (NP single-A-2))) ; (SINV (NP-SBJ=1 (NP a shelf registration) (PP for (NP preferred stock))) (PP-DIR=2 to (NP (NP a preliminary rating) (PP of (NP single-A-3)))) (PP-DIR=4 from (NP (NP a preliminary rating) (PP of (NP single-A-2))))) ; (SINV (NP-SBJ=1 (NP two shelf registrations) (PP for (NP collateralized debt securities))) (PP-DIR=2 to (NP (NP a preliminary rating) (PP of (NP single-A-3)))) (PP=4 from (NP (NP a preliminary rating) (PP of (NP single-A-2))))) , and (SINV (NP-SBJ=1 (NP (NP the unit 's) rating) (PP for (NP commercial paper))) (PP=2 to (NP Prime-2)) (PP=4 from (NP Prime-1))) .)) (TOP (S (NP-SBJ Moody 's) (VP said (SBAR 0 (S (NP-SBJ (NP Houston Lighting 's) current situation) (VP has (NP (NP some positive aspects) , (PP including (S-NOM (NP-SBJ *) (VP managing `` (ADVP-MNR very well) '' (NP (NP the construction and commercial operation risks) (PP of (NP (NP Units 1 and 2) (PP of (NP the South Texas Project nuclear power plant))))))))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ Capital requirements) (VP will (VP be (VP declining)))) and (S (NP-SBJ-90 no new generating facilities) (VP will (VP be (VP required (NP *-90))))) (PP-TMP for (NP several years))) , (NP-SBJ Moody 's) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-91 (NP Scott C. Smith) , (NP (NP (ADVP-TMP formerly) (NP (NP vice president) , (NP finance) ,) and (NP chief financial officer)) (PP of (NP this media concern))) ,) (VP was (VP named (S (NP-SBJ *-91) (NP-PRD senior vice president)))) .)) (TOP (S (NP-SBJ (NP Mr. Smith) , (NP 39) ,) (VP retains (NP (NP the title) (PP of (NP chief financial officer)))) .)) (TOP (S (NP-SBJ-1 Armstrong World Industries Inc.) (VP agreed (PP in (NP principle)) (S (NP-SBJ *-1) (VP to (VP sell (NP its carpet operations) (PP-DTV to (NP Shaw Industries Inc)))))) .)) (TOP (S (S (NP-SBJ-1 The price) (VP was n't (VP disclosed (NP *-1)))) but (S (NP-SBJ one analyst) (VP estimated (SBAR that (S (NP-SBJ it) (VP was (NP-PRD (QP $ 150 million) *U*)))))) .)) (TOP (S (NP-SBJ (NP Armstrong) , (SBAR (WHNP-127 which) (S (NP-SBJ *T*-127) (VP has (VP faced (NP (NP a takeover threat) (PP from (NP (NP the Belzberg family) (PP of (NP Canada))))) (PP-TMP since (NP July)))))) ,) (VP said (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP disposing (PP-CLR of (NP the carpet business)))) (VP would (VP improve `` (NP total financial performance)))))) . '')) (TOP (S (NP-SBJ The move) (ADVP also) (VP would (VP allow (S (NP-SBJ the company) (VP to (VP concentrate (PP-CLR on (NP (NP core businesses) , (SBAR (WHNP-128 which) (S (NP-SBJ *T*-128) (VP include (NP (NP ceramic tile) , (NP floor coverings) and (NP furniture)))))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ such a sale) (VP could (VP help (S (NP-SBJ Armstrong) (VP (VP reassure (NP its investors)) and (VP deter (NP (NP the Belzbergs) , (SBAR (WHNP-129 who) (S (NP-SBJ *T*-129) (VP own (NP (NP a (ADJP 9.85 %) stake) (PP-LOC in (NP the (NAC-LOC Lancaster , Pa. ,) company)))))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP expect (S (NP-SBJ-1 Armstrong) (VP to (VP use (NP (NP proceeds) (PP of (NP the sale))) (S-CLR (NP-SBJ *-1) (VP to (VP (VP reduce (NP debt)) , (VP buy (PRT back) (NP stock)) or (VP (ADVP perhaps) finance (NP an acquisition))))))))) .)) (TOP (S (NP-SBJ The carpet division) (VP had (NP (NP 1988 sales) (PP of (NP (NP (QP $ 368.3 million) *U*) , or (NP (NP (QP almost 14) %) (PP of (NP (NP Armstrong 's) (ADJP (QP $ 2.68 billion) *U*) total revenue))))))) .)) (TOP (S (NP-SBJ The company) (VP has (VP been (VP manufacturing (NP carpet) (PP-TMP since (NP 1967))))) .)) (TOP (S (ADVP-TMP Recently) (NP-SBJ it) (VP upgraded (NP its plants) (SBAR-PRP so that (S (NP-SBJ it) (VP could (VP make (NP (NP stain-resistant products) (PP with (NP (ADJP higher quality) dyes)))))))) .)) (TOP (S (PP-TMP For (NP the past year (QP or two))) , (NP-SBJ (NP the carpet division 's) operating profit margins) (VP have (VP hovered (PP-LOC-CLR around (NP (NP 5 %) , (ADJP (ADJP high (PP by (NP industry standards))) , but (ADJP disappointing (PP compared (PP with (NP (NP the (ADJP (QP 13 % to 19 %) *U*) margins) (PP for (NP (NP (NP two) (PP of (NP (NP Armstrong 's) chief businesses))) , (NP flooring and building products)))))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP hailed (NP-1 the planned transaction) (PP-CLR as (S-NOM (NP-SBJ *-1) (VP being (ADJP-PRD beneficial (PP to (NP (NP Armstrong) and (NP (NP Shaw) , (NP (NP the market leader) (PP-LOC in (NP the U.S. carpet industry))) , (PP with (NP an estimated (ADJP (QP 17 % to 20 %) *U*) share)))))))))) .)) (TOP (S (NP-SBJ (NP Shaw) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Dalton) , (NP Ga.)))) ,) (VP (VP has (NP (NP annual sales) (PP of (NP (QP about $ 1.18 billion) *U*)))) , and (VP has (NP (NP (NP economies) (PP of (NP scale))) and (NP (NP lower raw-material costs) (SBAR (WHNP-130 that) (S (NP-SBJ-2 *T*-130) (VP are (VP expected (S (NP-SBJ *-2) (VP to (VP boost (NP (NP the profitability) (PP of (NP (NP (NP Armstrong 's) brands) , (VP sold (NP *) (PP-LOC under (NP the Armstrong and Evans-Black names))))))))))))))))) .)) (TOP (S (NP-TMP Yesterday) , (PP-LOC in (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange)) , (NP-SBJ (NP Shaw 's) shares) (VP closed (ADVP ex-dividend) (PP-CLR at (NP $ 26.125 *U*)) , (ADVP up (NP $ 2.25 *U*))) .)) (TOP (S (NP-SBJ (NP (NP Armstrong 's) shares) , (VP (ADVP also) listed (NP *) (PP-LOC-CLR on (NP the Big Board))) ,) (VP closed (PP-CLR at (NP $ 39.125 *U*)) , (ADVP up (NP 12.5 cents))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ Armstrong) (VP reported (NP (NP (NP flat earnings) (PP for (NP (NP the third quarter) and (NP nine months)))) , (VP worsened (NP *) (PP by (NP-LGS (NP the stock dilution) (PP of (NP (NP an employee stock ownership plan) (VP adopted (NP *) (NP-TMP earlier this year))))))))) .)) (TOP (S (PP For (NP the quarter)) , (NP-SBJ earnings) (VP were (NP-PRD (NP (NP (QP $ 47 million) *U*) , or (NP (NP 92 cents) (NP-ADV a share)) ,) (PP including (NP (NP a one-time gain) (PP of (NP (QP $ 5.9 million) *U*)))))) .)) (TOP (S (PP-TMP In (NP the year-ago quarter)) , (NP-SBJ earnings) (VP were (NP-PRD (NP (QP $ 42.9 million) *U*) , or (NP (NP 93 cents) (NP-ADV a share)))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ Armstrong) (VP announced (NP an agreement (S (NP-SBJ *) (VP to (VP sell (NP its small Applied Color Systems unit) (PP-DTV to (NP (NP a subsidiary) (PP of (NP (NP the Swiss company) , (NP Brauerei Eichof Ltd)))))))))) .)) (TOP (S (NP-SBJ-1 The price) (VP was n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ-1 Armstrong) (VP expects (S (NP-SBJ *-1) (VP to (VP (VP close (NP-2 (NP the sale) (PP of (NP the color unit))) (PP-TMP-3 in (NP late November))) and (VP (NP=2 the carpet sale) (PP-TMP=3 in (NP December))) , (SBAR-ADV with (S (NP-SBJ-4 the gains) (VP to (VP be (VP applied (NP *-4) (PP-CLR to (NP (UCP fourth quarter or first-quarter) results))))))))))) .)) (TOP (S (S (NP-SBJ (NP The government 's) primary economic-forecasting gauge) (VP rose (NP-EXT a slight 0.2 %) (PP-TMP in (NP September)))) , but (S (NP-SBJ economists) (VP said (SBAR 0 (S (NP-SBJ the report) (VP offered (NP (NP little new information) (PP on (NP (NP the degree) (SBAR (WHPP-1 to (WHNP which)) (S (NP-SBJ the U.S. economy) (VP is (VP slowing (PP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ (NP The small increase) (PP-LOC in (NP (NP (NP the index) (PP of (NP leading indicators))) , (SBAR (WHNP-1 which) (S (S (NP-SBJ *T*-1) (VP had (VP climbed (NP-EXT 0.5 %) (PP-TMP in (NP August))))) but (S (NP-SBJ *T*-1) (VP was (ADJP-PRD unchanged) (PP-TMP in (NP July)))))) ,))) (VP does (VP lend (NP support) (PP-DTV to (NP the view (SBAR that (S (NP-SBJ the economy) (VP has (VP slowed (ADVP-MNR noticeably))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ it) (VP does n't (VP give (NP (NP much) (PP of (NP (NP a clue) (PP as (PP to (SBAR whether (S (NP-SBJ a recession) (VP is (PP-LOC-PRD on (NP the horizon)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ it) (VP provides (NP (NP much new information) (PP on (NP the economy))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Richard Rippe) , (NP (NP economist) (PP-LOC at (NP Dean Witter Reynolds Inc)))) .)) (TOP (S (ADVP-TMP So far) (NP-TMP this year) , (NP-SBJ (NP the index) (PP of (NP leading indicators))) (VP has (VP (VP risen (PP-TMP in (NP four months))) , (VP fallen (PP-TMP in (NP four months))) and (VP remained (ADJP-PRD unchanged) (PP-TMP in (NP the other month))))) .)) (TOP (S (PP-LOC In (NP another report)) (NP-TMP yesterday) , (NP-SBJ the Commerce Department) (VP said (SBAR 0 (S (NP-SBJ (NP sales) (PP of (NP new single-family houses))) (VP plunged (NP-EXT 14 %) (PP-TMP in (NP September)) (PP-DIR to (NP (NP an annual rate) (PP of (NP 618,000)))) (PP-DIR from (NP 719,000) (PP-TMP in (NP August))))))) .)) (TOP (S (NP-SBJ-2 The declines) (VP were (VP (ADVP particularly) pronounced (NP *-2) (PP-LOC (PP in (NP the Northeast)) and (PP in (NP (NP the South) , (SBAR (WHADVP-1 where) (S (NP-SBJ Hurricane Hugo) (VP was (NP-PRD a factor) (ADVP-LOC *T*-1))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP September 's) weakness) (VP followed (NP (NP two strong months) (PP for (NP home sales)))))) , (NP-SBJ the decline) (VP supports (NP other indications (SBAR that (S (NP-SBJ (NP the drop) (PP-LOC in (NP mortgage rates)) (NP-TMP earlier this year)) (VP has (VP had (NP (NP only a limited beneficial effect) (PP on (NP the housing market))))))))) .)) (TOP (S (S (NP-SBJ The September drop) (VP was (NP-PRD the largest) (PP-TMP since (NP (NP a (ADJP 19 %) drop) (PP-TMP in (NP January 1982)))))) , but (S (NP-SBJ (NP monthly changes) (PP-LOC in (NP this measure))) (VP are (ADJP-PRD (ADJP (ADVP even less) reliable) (PP than (NP (NP those) (PP-LOC in (NP other economic indicators))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ-93 the figures) (VP are (VP based (NP *-93) (PP-LOC-CLR on (NP a small sample)))))) , (NP-SBJ the department) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (ADJP-PRD (NP 90 %) confident (SBAR only that (S (NP-SBJ new-home sales) (VP fell (ADVP-LOC-CLR somewhere (PP between (NP (NP 5 %) and (NP 23 %)))) (PP-TMP during (NP the month)))))))))) .)) (TOP (S (NP-SBJ The department) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP takes (NP four months) (S-1 (NP-SBJ *) (VP to (VP establish (NP a trend)))))))) .)) (TOP (S (ADVP-TMP So far) (NP-TMP this year) , (NP-SBJ-94 (NP 534,000 (ADJP newly built) homes) (ADVP *ICH*-1)) (VP have (VP been (VP sold (NP *-94) , (ADVP-1 down (NP 4.5 %) (PP-TMP from (NP (NP the like months) (PP of (NP 1988)))))))) .)) (TOP (S (NP-SBJ (NP The index) (PP of (NP leading indicators))) (VP got (NP a major boost) (PP-TMP in (NP September)) (PP-CLR from (NP (NP a surge) (PP-LOC in (NP consumer expectations)))) (SBAR-ADV as (S (NP-SBJ-1 *) (VP measured (NP *-1) (PP by (NP-LGS (NP the University) (PP of (NP Michigan)))))))) .)) (TOP (S (NP-SBJ This measure) (VP had (VP dropped (ADVP-MNR sharply) (PP-TMP in (NP August)))) .)) (TOP (S (NP-SBJ The Commerce Department) (VP said (SBAR that (S (PP-PRP as (NP (NP a result) (PP of (NP (NP a new adjustment) (PP to (NP (NP the formula) (VP used (NP *) (S-CLR (NP-SBJ *) (VP to (VP calculate (NP the index))))))))))) , (NP-SBJ-95 (NP the influence) (PP of (NP this component))) (VP has (VP been (VP reduced (NP *-95))))))) .)) (TOP (S (PP-TPC-2 Of (NP (NP the 11 components) (PP to (NP the index)))) , (NP-SBJ (NP (NP (QP only three) others) (PP *T*-2)) (NP *ICH*-1)) (VP rose (PP-TMP in (NP September)) : (NP-1 (NP the money supply) , (NP (NP the length) (PP of (NP the average work week))) and (NP stock prices))) .)) (TOP (S (NP-SBJ (NP Several components) (SBAR (WHNP-131 that) (S (NP-SBJ *T*-131) (VP track (NP (NP the health) (PP of (NP (NP the manufacturing sector) (PP of (NP the economy))))))))) (VP turned (ADVP-DIR down) (PP-TMP in (NP September))) .)) (TOP (S (NP-SBJ These) (VP include (NP (NP (NP new orders) (PP for (NP manufactured consumer goods))) , (NP (NP lead times) (PP on (NP vendor deliveries))) , (NP (NP orders) (PP for (NP new plant and equipment))) , and (NP (NP backlogs) (PP of (NP (NP orders) (PP for (NP durable goods))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP the National Association) (PP of (NP Manufacturers))) (VP said (NP-TMP yesterday) (SBAR 0 (S (NP-SBJ (NP a recent poll) (PP of (NP (NP 53 executives) (PP-LOC on (NP its board))))) (VP found (SBAR that (S (NP-SBJ 61 %) (VP do n't (VP expect (S (NP-SBJ a recession) (VP to (VP occur (PP-TMP until (UCP (NP 1991) or (ADVP later)))))))))))))) .)) (TOP (S (NP-SBJ The remainder) (VP expect (S (NP-SBJ a downturn) (VP to (VP begin (FRAG (PP-TMP (ADVP sometime) in)))))))) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 manufacturers) (ADVP-TMP often) (VP are (ADJP-PRD quick (S (NP-SBJ *-1) (VP to (VP call (PP-CLR for (NP lower interest rates))))))))) , (NP-SBJ (NP 60 %) (PP of (NP the executives))) (VP said (SBAR 0 (S (NP-SBJ they) (VP would (VP prefer (SBAR that (S (NP-SBJ the Fed) (VP keep (NP inflation-fighting) (PP-CLR as (NP its top priority)) (SBAR-ADV even if (S (NP-SBJ that) (VP means (NP higher rates)))))))))))) .)) (TOP (S (NP-SBJ The other 40 %) (VP said (SBAR 0 (S (NP-SBJ-1 the Fed) (VP ought (S (NP-SBJ *-1) (VP to (VP (VP worry (ADVP less) (PP-CLR about (NP inflation))) and (VP bring (NP interest rates) (ADVP-DIR down))))))))) .)) (TOP (S (NP-SBJ-1 All the figures) (VP are (VP adjusted (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP remove (NP usual seasonal patterns)))))) .)) (TOP (S (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP the net contributions) (PP of (NP (NP the components) (PP of (NP (NP (NP the Commerce Department 's) index) (PP of (NP leading indicators))))))) .)) (TOP (S (PP-TMP After (NP various adjustments)) , (NP-SBJ they) (VP produced (NP (NP (NP a (ADJP 0.5 %) rise) (PP-LOC in (NP the index)) (PP-TMP for (NP August))) and (NP (NP a (ADJP 0.2 %) rise) (PP-TMP for (NP September))))) .)) (TOP (S (NP-SBJ (NP September) , and (NP (NP the change) (PP from (NP August))) ,) (VP are : (PP-DIR-PRD from (NP (NP 1.11) (PP-TMP in (NP the previous month))))) .)) (TOP (S (NP-SBJ Boston Edison Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP take (NP (NP a (ADJP previously reported) (ADJP (QP $ 60 million) *U*) charge) (PP against (NP earnings))) (PP-TMP in (NP the fourth quarter))))))) .)) (TOP (S (NP-SBJ The charge) (VP resulted (PP-CLR from (NP (NP a settlement) (VP approved (NP *) (NP-TMP yesterday) (PP by (NP-LGS (NP the Massachusetts Department) (PP of (NP Public Utilities)))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 *) (VP expected (NP *-1)))) , (NP-SBJ the settlement) (VP (VP limits (NP rate increases) (PP-TMP for (NP three years))) and (VP ties (NP (NP future charges) (PP to (NP customers)) (PP for (NP (NP operation) (PP of (NP the troubled Pilgrim Nuclear Power Station))))) (PP-CLR to (NP (NP that plant 's) performance)))) .)) (TOP (S (PP In (NP its order)) , (NP-SBJ the state regulatory agency) (VP said (SBAR 0 (S (NP-SBJ-96 the company) `` (VP must (VP be (VP held (S (NP-SBJ *-96) (ADJP-PRD accountable (PP for (NP (NP the mistakes) (VP made (NP *) (PP-LOC in (NP (NP the management) (PP of (NP (NP the plant 's) operation))))))))))))))) . '')) (TOP (S (NP-SBJ Pilgrim) (VP had (VP been (ADJP-PRD closed) (PP-TMP for (NP 32 months)))) .)) (TOP (S (NP-SBJ The average interest rate) (VP rose (PP-DIR to (NP 8.3875 %)) (PP-LOC at (NP (NP (NP Citicorp 's) (ADJP (QP $ 50 million) *U*) weekly auction) (PP of (NP (NP 91-day commercial paper) , or (NP corporate IOUs))))) , (PP-DIR from (NP 8.337 %) (PP-LOC at (NP (NP last week 's) sale)))) .)) (TOP (S (NP-SBJ-97 (NP Bids) (VP totaling (NP (QP $ 515 million) *U*))) (VP were (VP submitted (NP *-97))) .)) (TOP (S (NP-SBJ Accepted bids) (VP ranged (PP-DIR (PP from (NP 8.38 %)) (PP to (NP 8.395 %)))) .)) (TOP (S (NP-SBJ Citicorp) (ADVP also) (VP said (SBAR that (S (NP-SBJ the average rate) (VP rose (PP-DIR to (NP 8.0087 %)) (PP-LOC at (NP (NP its (ADJP (QP $ 50 million) *U*) auction) (PP of (NP 182-day commercial paper)))) (PP-DIR from (NP 7.962 %) (PP-LOC at (NP (NP last week 's) sale))))))) .)) (TOP (S (NP-SBJ-98 (NP Bids) (VP totaling (NP (QP $ 475 million) *U*))) (VP were (VP submitted (NP *-98))) .)) (TOP (S (NP-SBJ Accepted bids) (VP ranged (PP-DIR (PP from (NP 8 %)) (PP to (NP 8.019 %)))) .)) (TOP (S (NP-SBJ The bank holding company) (VP will (VP auction (NP (NP (QP another $ 50 million) *U*) (PP-LOC in (NP each maturity))) (NP-TMP next Tuesday))) .)) (TOP (S (S (NP-SBJ (NP An imaginative novelist) (VP writing (NP (NP a thriller) (PP about (NP amateur spy-chasing))))) (VP might (VP invent (NP a Clifford Stoll)))) , but (S (NP-SBJ it) (VP 's (ADJP-PRD unlikely))) .)) (TOP (S (NP-SBJ It) (VP 's (ADVP also) (ADJP-PRD unnecessary)) .)) (TOP (S (NP-SBJ Amateur spy-chaser Clifford Stoll) (VP is (NP-PRD (NP a real person) , or (SBAR-ADV as (S (NP-SBJ he) (VP might (ADVP-MNR waggishly) (VP put (NP it))))) , (NP a surreal person))) .)) (TOP (S (NP-SBJ-1 He) (VP is (NP-PRD (NP 37) , (NP (NP an astronomer) (PP with (NP impressive credentials))) , and (NP (NP something) (PP of (NP (NP a genius) (PP at (S-NOM (NP-SBJ *-1) (VP making (S (NP-SBJ computers) (VP do (NP his bidding))))))))))) .)) (TOP (S (NP-SBJ He) (ADVP-TMP once) (VP (VP described (NP himself) (PP-CLR as (NP a `` Berkeley Hippie))) , '' and (VP played (NP (NP the role) (NP *ICH*-1)) (ADVP-MNR well) ; (NP-1 (NP obligatory ragged jeans) , (NP (NP a thicket) (PP of (NP long hair))) and (NP (NP rejection) (PP of (NP (NP (NP all things) (ADJP conventional)) , (PP including (PRN , (PP-TMP for (NP a time) (ADVP at least)) ,) (NP (NP formal marriage) (PP to (NP (NP his `` sweetheart) , '' (NP Martha Matthews))))))))))) .)) (TOP (S (NP-SBJ-2 He) (ADVP also) (VP is (NP-PRD an entertaining writer) , (S-ADV (NP-SBJ *-2) (VP combining (NP wisecracks and wordplay) (PP-CLR with (NP (NP programmatic detail) and (NP (NP lucid explanations) (PP of (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ computers) (VP work (ADVP-MNR *T*-1))))))))))) .)) (TOP (S (PP-LOC In (NP `` (NP-TTL (NP The Cuckoo 's) Egg) '' (PRN -LRB- (NP Doubleday) , (NP 326 pages) , (NP $ 19.95 *U*) -RRB-))) , (NP-SBJ he) (VP spins (NP (NP a remarkable tale) (PP of (NP (NP his efforts (S *ICH*-2)) (PP-TMP over (NP 18 months)) (S-2 (NP-SBJ *) (VP to (VP catch (NP a computer spy)))))))) .)) (TOP (S (NP-SBJ The result) (NP-TMP last spring) (VP was (NP-PRD (NP the arrest) (PP by (NP (ADJP West German) authorities)) (PP of (NP (NP-1 five young West Germans) , (VP accused (NP *) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP (VP stealing (NP information) (PP-CLR from (NP (NP computers) (PP-LOC in (NP (NP the U.S.) and (NP Europe)))))) and (VP selling (NP it) (PP-DTV to (NP the Soviet KGB))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP One) (PP of (NP them))) , (NP (NP 25-year-old Markus Hess) (PP of (NP Hannover))) ,) (ADVP allegedly) (VP used (NP the international telecommunications network) (S-CLR (NP-SBJ-2 *-1) (VP to (VP break (PP-CLR into (NP (NP (QP more than 30) high-security computers) (PP-LOC in (NP the U.S.)))) , (S-ADV (NP-SBJ *-2) (VP searching (PP-CLR for (NP secrets)))))))) .)) (TOP (S (S (NP-SBJ He) (ADVP probably) (VP did n't (VP penetrate (NP any top-secret files)))) , but (S (NP-SBJ-2 (NP the KGB) (PP-LOC in (NP East Berlin))) (VP was (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP pay (NP (NP (NP two) (PP of (NP his associates))) , (NP (NP Peter Carl) and (NP Dirk Brezinski)) ,) (NP $ 15,000 *U*) (PP-CLR for (NP (NP some) (PP of (NP (NP the material) (SBAR (WHNP-1 0) (S (NP-SBJ Hess) (VP collected (NP *T*-1)))))))))))))) .)) (TOP (S (NP-SBJ They) (VP promised (NP (NP yet more) (PP for (NP (ADJP really good) stuff)))) .)) (TOP (S (NP-SBJ Mr. Stoll) (VP draws (NP his title) (PP-CLR from (NP (NP (NP the cuckoo 's) habit) (PP of (S-NOM (NP-SBJ-1 *) (VP laying (NP eggs) (PP-LOC-CLR in (NP (NP the nests) (PP of (NP other birds)))) , (S-ADV (NP-SBJ *-1) (VP making (S (NP-SBJ them) (NP-PRD surrogate parents)))))))))) .)) (TOP (S (NP-SBJ The computer spy) (VP had (VP discovered (SBAR that (S (NP-SBJ (NP a popular editing/electronic mail program) (VP called (S (NP-SBJ *) (NP-PRD Gnu-Emacs)))) (VP could (VP do (NP tricks) (PP with (NP (NP the (ADJP widely used) Unix operating system) (VP created (NP *) (PP by (NP-LGS AT&T))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Using (NP Gnu-Emacs))) , (NP-SBJ-1 the spy) (VP could (VP substitute (NP a bogus `` atrun '' program) (PP-CLR for (NP (NP the one) (SBAR (WHNP-132 that) (S (NP-SBJ *T*-132) (ADVP routinely) (VP cleans (PRT up) (NP the Unix system) (NP-TMP every five minutes)))))))) .)) (TOP (S (SBAR-TMP Once (S (NP-SBJ-99 (NP his cuckoo 's) egg) (VP was (VP laid (NP *-99))))) , (NP-SBJ he) (VP could (VP (VP enter (NP Unix)) and (VP become (NP (NP a `` super-user) , '' (PP with (NP (NP access) (PP to (NP everything)))))))) .)) (TOP (S (NP-SBJ Mr. Stoll) (VP was (VP scanning (NP the heavens) (PP-LOC at (NP (NP the Keck observatory) (PP of (NP the Lawrence Berkeley Laboratory)))) (PP-TMP in (NP 1986)) (SBAR-TMP (WHADVP-1 when) (S (S (NP-SBJ-3 his grant) (VP ran (S-ADV (NP-SBJ *-3) (ADJP-PRD low)) (ADVP-TMP *T*-1))) and (S (NP-SBJ-2 he) (VP was (VP asked (S (NP-SBJ *-2) (VP to (VP switch (PP-CLR to (S-NOM (NP-SBJ *) (VP helping (VP run (NP (NP the lab 's) computers)))))))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ He) (VP (VP discovered (NP (NP a 75-cent discrepancy) (PP-LOC in (NP (NP the charges) (VP made (NP *) (PP-CLR to (NP various departments))) (PP for (NP computer time)))))) and (VP traced (NP it) (PP-CLR to (NP (NP (NP a user) (VP named (S (NP-SBJ *) `` (NP-PRD Hunter)))) , '' (SBAR (WHNP-133 who) (S (NP-SBJ *T*-133) (VP had (NP no valid billing address)))))))) .)) (TOP (S (NP-SBJ Mr. Stoll) (VP suspected (SBAR 0 (S (NP-SBJ the intruder) (VP was (NP-PRD (NP one) (PP of (NP (NP those precocious students) (SBAR (WHNP-134 who) (S (NP-SBJ-1 *T*-134) (VP has (NP (NP fun) (S-NOM (NP-SBJ *-1) (VP breaking (PP-CLR into (NP computers))))))))))))))) .)) (TOP (S But (PP-TMP after (NP much tracking)) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP became (ADJP-PRD evident) (PP to (NP Mr. Stoll)) , (PP through (NP various clues)) , (SBAR-1 that (S (NP-SBJ the hacker) (VP was not (PP-LOC-PRD (PP on (NP the Berkeley campus)) or (PP (ADVP even) in (NP California))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Finding (NP him))) (VP became (NP-PRD an obsession) (PP for (NP Mr. Stoll))) .)) (TOP (S (NP-SBJ He) (VP made (NP (NP a midnight requisition) (PP of (NP (NP all the printers) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP could (VP lay (NP hands) (PP-CLR on (NP *T*-1))))))))) (SBAR-PRP so that (S (NP-SBJ he) (VP could (VP monitor (NP (NP all the telephone lines) (VP coming (PP-DIR into (NP (NP the lab 's) computers))))))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-3) (VP discovering (SBAR that (S (NP-SBJ the hacker) (VP had (VP taken (PRT over) (NP (NP the dormant account) (PP of (NP (NP a legitimate user) (VP named (S (NP-SBJ *) (NP-PRD Joe Sventek))))))))))))) , (NP-SBJ-3 he) (VP rigged (PRT up) (NP (NP an alarm system) , (PP including (NP a portable beeper)) , (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP alert (NP him) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ Sventek) (VP came (PP-CLR on (NP the line)) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (NP-TMP Some nights) (NP-SBJ he) (VP slept (PP-LOC under (NP his desk))) .)) (TOP (S (NP-SBJ His boss) (VP complained (PP-CLR about (NP (NP neglect) (PP of (NP other chores))))) .)) (TOP (S (NP-SBJ The hacker) (VP was (VP (VP pawing (PP-CLR over (NP the Berkeley files))) but (ADVP also) (VP using (NP (NP Berkeley) and (NP other (ADJP easily accessible) computers)) (PP-CLR as (NP (NP stepping stones) (PP to (NP (NP the network) (PP of (NP computers)) (VP used (NP *) (PP by (NP-LGS (NP the military) and (NP national security agencies))))))))))) .)) (TOP (S (NP-SBJ (NP The White Sands missile range) and (NP CIA contractor Mitre Inc.)) (VP were (PP-LOC-PRD among (NP the targets))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the hacker) (VP moved (ADVP-TMP *T*-1)))) , (NP-SBJ-2 Mr. Stoll) (VP moved (ADVP too) , (S-ADV (NP-SBJ-3 *-2) (VP (VP calling (PRT up) (NP other systems managers) (S-PRP (NP-SBJ *-3) (VP to (VP alert (NP them))))) but (VP keeping (S (NP-SBJ his own system) (ADJP-PRD open) (S-PRP (NP-SBJ-4 *-3) (VP to (VP avoid (S (NP-SBJ *-4) (VP arousing (NP suspicion))))))))))) .)) (TOP (S (ADVP-TMP Sometimes) , (SBAR-ADV if (S (NP-SBJ-1 the hacker) (VP seemed (S (NP-SBJ *-1) (VP to (VP be (PP-DIR-PRD into (NP a sensitive file)))))))) , (NP-SBJ-2 he) (VP would (VP drag (NP his keychain) (PP-LOC across (NP the terminal)) (S-PRP (NP-SBJ-3 *-2) (VP to (VP (VP create (NP static)) or (VP slow (NP the system) (ADVP-CLR down)) (S-PRP (NP-SBJ *-3) (VP to (VP frustrate (NP his quarry))))))))) .)) (TOP (S (S (NP-SBJ The FBI) (ADVP-TMP initially) (VP showed (NP little interest))) , and (S (NP-SBJ he) (VP had (NP the impression (SBAR 0 (S (NP-SBJ-100 other federal security agencies) (VP were (VP tangled (NP *-100) (ADVP-CLR up) (PP-LOC-CLR in (NP legal red tape))))))))) .)) (TOP (S (NP-SBJ The CIA) (VP told (NP him) (SBAR 0 (S (NP-SBJ it) (VP does not (VP do (NP domestic counterespionage)))))) .)) (TOP (S (NP-SBJ-2 One) (VP (VP learns (NP (NP a lot) (PP *ICH*-1)) (PP-CLR from (NP this book))) , or (VP seems (S (NP-SBJ *-2) (VP to (VP *?*)))) , (PP-1 about (NP crippling federal bureaucracy))) .)) (TOP (FRAG `` (FRAG (S (NP-SBJ-1 *) (VP Seems (S (NP-SBJ *-1) (VP to (VP *?*)))))) '' (SBAR-PRP because (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP 's (ADJP-PRD possible) (SBAR-2 that (S (NP-SBJ (NP the CIA) and (NP the National Security Agency)) (VP were (ADJP-PRD (ADJP more interested) (SBAR than (S (NP-SBJ they) (VP let (PRT on) (PP to (NP Mr. Stoll)))))))))))) .)) (TOP (S (ADVP-TMP Finally) , (NP-SBJ he) (VP got (NP help)) .)) (TOP (S (NP-SBJ Tymnet) (VP is (NP-PRD (NP a major network) (VP linking (NP computers)))) .)) (TOP (S (NP-SBJ-1 (NP (NP One) (PP of (NP its international specialists))) , (NP Steve White) ,) (VP took (NP (NP a quick interest) (PP in (NP (NP Mr. Stoll 's) hunt))) , (S-ADV (NP-SBJ *-1) (ADVP-TMP ultimately) (VP tracing (NP the hacker) (PP-CLR to (NP West Germany))))) .)) (TOP (S (NP-SBJ The West Germans) (ADVP-TMP then) (VP (VP took (ADVP-CLR over)) and (VP (ADVP-TMP finally) found (NP Markus Hess))) .)) (TOP (S (ADVP-TMP Eventually) , (NP-SBJ-101 Mr. Stoll) (VP was (VP invited (NP-1 *-101) (PP-CLR to (NP both (NP the CIA) and (NP NSA))) (S-PRP (NP-SBJ *-1) (VP to (VP brief (NP high-ranking officers) (PP-CLR on (NP computer theft))))))) .)) (TOP (S (NP-SBJ He) (VP savored (NP (NP the humor) (PP of (NP (NP his uncombed appearance) (PP-LOC among (NP these buttoned-up chaps)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADVP-LOC-PRD Back (PP in (NP Berkeley)))) , (NP-SBJ-1 he) (VP was (VP (ADVP-MNR violently) scolded (NP-2 *-1) (PP by (NP-LGS a left-wing lady friend)) (PP-PRP for (S-NOM (NP-SBJ *-2) (VP consorting (PP-CLR with (NP such people))))))) .)) (TOP (S (NP-SBJ He) (VP became (ADJP-PRD angry) (PP in (NP return))) .)) (TOP (S (NP-SBJ He) (VP had (VP developed (NP (NP (NP a hatred) (PP for (NP the hacker))) and (NP (NP a grudging appreciation) (PP of (NP (NP the federal `` spooks '') (SBAR (WHNP-135 who) (S (NP-SBJ *T*-135) (VP make (S (NP-SBJ national security) (NP-PRD their business))))))))))) .)) (TOP (S (PP-LOC At (NP several different levels)) , (NP-SBJ it) (VP 's (NP-PRD a fascinating tale)) .)) (TOP (S (NP-SBJ Mr. Melloan) (VP is (NP-PRD (NP deputy editor) (PP of (NP the Journal)))) .)) (TOP (S (NP-SBJ Mips Computer Systems Inc.) (NP-TMP today) (VP will (VP unveil (NP (NP a new general-purpose computer) (SBAR (WHNP-136 that) (S (NP-SBJ *T*-136) (VP will (VP compete (PP-CLR with (NP (NP (ADJP more expensive) machines) (PP from (NP (NP companies) (PP such as (NP (NP Sun Microsystems Inc.) and (NP Digital Equipment Corp)))))))))))))) .)) (TOP (S (NP-SBJ The (ADJP closely held) (NAC-LOC Sunnyvale , Calif. ,) company) (ADVP also) (VP will (VP announce (NP an agreement (S (NP-SBJ *) (VP to (VP supply (NP computers) (PP-CLR to (NP (NP Control Data Corp.) , (SBAR (WHNP-137 which) (S (NP-SBJ *T*-137) (VP will (VP sell (NP Mips machines) (PP-LOC under (NP its own label)))))))))))))) .)) (TOP (S (NP-SBJ (NP The new Mips machine) , (VP called (S (NP-SBJ *) (NP-PRD the RC6280))) ,) (VP will (VP cost (NP $ 150,000 *U*) (PP-CLR for (NP a basic system)))) .)) (TOP (S (NP-SBJ The computer) (VP (VP processes (NP (QP 55 million) instructions) (PP-TMP per (NP second))) and (VP uses (NP (QP only one) central processing chip) , (PP unlike (NP (NP many rival machines) (VP using (NP several processors)))))) .)) (TOP (S (NP-SBJ The machine) (VP employs (NP reduced instruction-set computing (PRN , or RISC ,) technology)) .)) (TOP (S-1 (PP At (NP that price)) (PRN , (S (NP-SBJ (NP an analyst) (ADJP familiar (PP with (NP the machine)))) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the computer) (VP offers (NP (NP (QP up to 10 times) the performance) (PP of (NP similar machines)))) .)) (TOP (SINV `` (S-TPC-1 (PP-LOC In (NP the price range)) (NP-SBJ it) (VP 's (NP-PRD a (ADJP tremendously high-performing) product))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Sandy Gant) , (NP (NP an analyst) (PP-LOC at (NP the market-research firm InfoCorp)))) .)) (TOP (S (NP-SBJ The machine) (VP is (NP-PRD (NP part) (PP of (NP (NP an effort (S *ICH*-1)) (PP by (NP Mips)) (S-1 (NP-SBJ *) (VP to (VP establish (NP itself) (PP-CLR as (NP (NP a supplier) (PP (PP of (NP computers)) , not (ADVP just) (PP of (NP integrated-circuit technology)))))))))))) .)) (TOP (S (S (NP-SBJ-1 Mips) (ADVP also) (VP wants (S (NP-SBJ *-1) (VP to (VP wedge (PP-DIR into (NP (NP markets) (ADJP other (PP than (NP (NP traditional RISC applications) (PP such as (NP engineering)))))))))))) ; (S (NP-SBJ Mips) (VP said (SBAR 0 (S (NP-SBJ-102 the new machine) (VP will (ADVP also) (VP be (VP used (NP *-102) (PP (PP by (NP-LGS businesses)) and (PP-PRP for (NP communications)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP (ADVP-MNR clearly) demonstrates (SBAR that (S (NP-SBJ Mips) (VP is (NP-PRD (NP a systems company) (CONJP rather than) (NP just a chip company))))))) , '' (VP said (S *T*-1)) (NP-SBJ Mips Vice President John Hime) .)) (TOP (S (NP-SBJ The Control Data deal) (VP is (NP-PRD (NP a boon) (PP for (NP Mips))) (SBAR-PRP because (S (NP-SBJ it) (VP gives (NP the the five-year-old company) (NP one more ally) (SBAR-TMP as (S (NP-SBJ it) (VP battles (NP (NP (ADJP more established) electronic concerns) (PP such as (NP (NP Sun) , (NP Hewlett-Packard Co.) , (NP Motorola Inc.) and (NP Intel Corp.)))) (PP for (NP (NP the emerging market) (PP for (NP RISC machines))))))))))) .)) (TOP (S (NP-SBJ-1 RISC technology) (VP speeds (PRT up) (NP a computer) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP simplifying (NP the internal software))))) .)) (TOP (S (PP For (NP (NP Mips) , (SBAR (WHNP-138 which) (S (NP-SBJ *T*-138) (VP expects (NP (NP revenue) (PP of (NP (QP $ 100 million) *U*))) (NP-TMP this year)))) ,)) (NP-SBJ (NP big-name allies) (PP such as (NP Control Data))) (VP are (ADJP-PRD essential (S (NP-SBJ *) (VP to (VP attract (NP software developers) (PP-CLR to (NP (NP the company 's) RISC architecture))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The thing) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP says (NP *T*-1) (PP-CLR about (NP Mips)))))) (VP is (SBAR-PRD that (S (NP-SBJ they) (VP 're (PP-PRD on (NP a roll)) (ADVP-TMP right now)))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Ms. Gant) (PP-LOC at (NP InfoCorp))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ They) (VP 're (VP getting (NP some major wins)))) , '' (NP-SBJ she) (VP added (S *T*-1)) .)) (TOP (S (NP-TMP Last month) , (PP for (NP example)) , (NP-SBJ-1 Mips) (VP agreed (S (NP-SBJ *-1) (VP to (VP supply (NP its computers) (PP-CLR to (NP (NP (NP Nixdorf Computer AG) (PP of (NP West Germany))) and (NP (NP France 's) Groupe Bull))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Sony Corp.) , (NP Tandem Computers Inc.) and (NP Digital Equipment)) (VP have (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP MIPS computers))))))) and (S (NP-SBJ-2 (NP companies) (PP such as (NP (NP (NP Japan 's) NEC Corp.) and (NP (NP West Germany 's) Siemens A.G.)))) (VP have (VP agreed (S (NP-SBJ *-2) (VP to (VP make (NP Mips chips) (PP-LOC under (NP license)))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP Today 's) agreement) (VP gives (NP Control Data) (NP (NP a machine) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP compete (PP against (NP (NP Digital) and (NP other general-purpose computer makers)))))))))) , (VP said (SBAR 0 (S *T*-2)) ) (NP-SBJ (NP John Logan) , (NP (NP a computer-market analyst) (PP-LOC at (NP (NP Aberdeen Group Inc.) (PP of (NP Boston)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The machine) (VP is (ADVP essentially) (NP-PRD a mainframe computer))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (ADVP Suddenly) (NP-SBJ (NP CDC) (PRN -LRB- (NP Control Data) -RRB-)) (VP has (NP (NP a competitive product) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP fight (ADVP back) (PP-CLR against (NP (NP the VAX9000) , '' (NP (NP a machine) (SBAR (WHNP-3 0) (S (NP-SBJ Digital) (VP announced (NP-TMP last month) (NP *T*-3)))))))))))))) , (NP-SBJ he) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Control Data) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Minneapolis) , (NP Minn.)))) ,) (VP expects (S (NP-SBJ (NP its sales) (PP of (NP (NP Mips systems) , (PP including (NP the new RC6280)) ,))) (VP to (VP amount (PP-CLR to (NP (QP more than $ 100 million) *U*)) (PP-TMP by (NP (NP the end) (PP of (NP 1991))))))))) , (NP-SBJ Mips) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Nixdorf , Bull and others) (VP will (ADVP also) (VP sell (NP (NP versions) (PP of (NP the machine)))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ Mips President Robert Miller) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 Mips) (VP will (VP start (S (NP-SBJ *-2) (VP shipping (NP its new machine))) (PP-TMP in (NP (NP the first quarter) (PP of (NP 1990))))))) , (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ The machine) (VP uses (NP (NP a single processor) , (SBAR (WHNP-139 which) (S (NP-SBJ *T*-139) (VP makes (S (NP-SBJ it) (ADJP-PRD (ADJP easier (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP program (NP *T*-1)))))) (PP than (NP (NP competing machines) (VP using (NP several processors))))))))))) .)) (TOP (S (NP-SBJ The computer) (VP can (VP process (NP (NP (QP 13.3 million) calculations) (VP called (S (NP-SBJ *) (NP-PRD floating-point operations)))) (NP-TMP every second))) .)) (TOP (S (S-TPC-1 (NP-SBJ The machine) (VP can (VP run (NP (NP software) (VP written (NP *) (PP-PRP for (NP other Mips computers))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Another fight) (VP is (VP brewing (PP between (NP (NP Congress) and (NP the Bush administration))) (PP over (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ-2 *) (VP to (VP pay (PP-CLR for (NP the savings-and-loan bailout)) (PP without (S-NOM (NP-SBJ *-2) (VP adding (PP-CLR to (NP the federal budget deficit))))) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (PP-LOC In (NP (NP a hearing) (PP-LOC before (NP the House Ways and Means Committee)))) , (NP-SBJ (NP (NP the General Accounting Office) and (NP the Congressional Budget Office)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) both (VP are (NP-PRD (NP arms) (PP of (NP Congress)))))) ,) (VP advised (NP-3 the new S&L bailout agency) (S (NP-SBJ *-3) (VP to (VP abandon (NP plans (S (NP-SBJ *) (VP to (VP raise (NP temporary working capital) (PP through (NP (NP debt) (VP issued (NP *) (PP-CLR from (NP (NP an agency) (SBAR (WHNP-2 that) (S (NP-SBJ-103 *T*-2) (VP would n't (VP be (VP counted (NP *-103) (PP-LOC on (NP the federal budget)))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Officials) (PP of (NP the Resolution Trust Corp.))) (VP have (VP said (ADVP-MNR privately) (SBAR that (S (NP-SBJ such a plan) (VP was (NP-PRD the (ADJP most likely) alternative) (S-PRP (NP-SBJ *) (VP to (VP raise (NP (NP short-term cash) (PP for (NP the bailout))))))))))) .)) (TOP (S-1 (ADVP Instead) (PRN , (S (NP-SBJ (NP the GAO) and (NP the Congressional Budget Office)) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 the RTC) (VP should (VP consider (S (NP-SBJ *-2) (VP using (NP (NP Treasury debt) , (SBAR (WHNP-140 which) (S (NP-SBJ *T*-140) (VP is (ADJP-PRD (ADJP less expensive) and (ADJP subject (PP to (NP (NP oversight) (PP by (NP Congress)))))))))))))) .)) (TOP (S (NP-SBJ-1 The spending) (VP could (VP be (VP exempted (NP-2 *-1) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP meeting (NP (NP deficit-reduction targets) (PP-LOC in (NP the Gramm-Rudman budget law))))))))) .)) (TOP (S (NP-SBJ The RTC) (VP has (VP projected (SBAR that (S (NP-SBJ it) (VP will (VP require (NP (NP (QP between $ 50 billion to $ 100 billion) *U*) (PP in (NP temporary working capital))))))))) .)) (TOP (S (NP-SBJ-104 (NP The borrowing) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP raise (NP these funds)))))) (VP would (VP be (VP paid (NP *-104) (ADVP-CLR off) (SBAR-TMP as (S (NP-SBJ-105 (NP assets) (PP of (NP sick thrifts))) (VP are (VP sold (NP *-105)))))))) .)) (TOP (S (NP-SBJ The new S&L law) (VP allows (S (NP-SBJ the RTC) (VP to (VP issue (NP (NP notes) (PP for (NP (NP (QP as much as 85) %) (PP of (NP (NP the value) (PP of (NP (NP the assets) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP holds (NP *T*-1))))))))))))))) .)) (TOP (S (S-TPC-2 But (NP-SBJ (NP higher interest rates) (VP paid (NP *) (PP on (NP off-budget debt)))) (VP (VP could (VP add (NP billions) (PP-CLR to (NP the bailout costs)))) , and (VP would n't (VP be (ADJP-PRD subject (PP to (NP congressional scrutiny))))))) , (NP-SBJ Ways and Means members) (VP argued (SBAR 0 (S *T*-2))) .)) (TOP (SINV `` (S-TPC-2 (S-SBJ (NP-SBJ *) (VP To (VP allow (NP (NP this massive level) (PP of (NP unfettered federal borrowing))) (PP without (NP prior congressional approval))))) (VP would (VP be (ADJP-PRD irresponsible)))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Rep. Fortney Stark) (PRN -LRB- (NP D.) , (NP-LOC Calif.) -RRB-) , (SBAR (WHNP-141 who) (S (NP-SBJ *T*-141) (VP has (VP introduced (NP (NP a bill) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP limit (NP (NP the RTC 's) authority (S (NP-SBJ *) (VP to (VP issue (NP debt))))))))))))))) .)) (TOP (S (NP-SBJ-1 The RTC) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP sell or merge (NP (NP hundreds) (PP of (NP insolvent thrifts))) (PP-TMP over (NP the next three years))))))) .)) (TOP (S (S (NP-SBJ The new S&L bailout law) (VP allows (S (NP-SBJ-1 (QP $ 50 billion) *U*) (VP to (VP be (VP spent (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP sell or merge (NP (NP sick S&Ls) and (NP their assets))))))))))) , but (S (NP-SBJ that) (VP is (NP-PRD a net cost))) .)) (TOP (S (PP-TMP In (NP the meantime)) , (NP-SBJ-1 the agency) (VP must (VP raise (NP cash) (S-PRP (NP-SBJ *-1) (VP to (VP maintain (NP (NP assets) , (PP such as (NP real estate)) ,) (SBAR-TMP until (S (NP-SBJ-106 they) (VP can (VP be (VP sold (NP *-106))))))))))) .)) (TOP (S Then (NP-SBJ-107 the short-term debt) (VP is (VP paid (NP *-107) (ADVP-CLR off) (PP through (NP (NP the proceeds) (PP of (S-NOM (NP-SBJ *) (VP selling (NP the assets)))))))) .)) (TOP (S (NP-SBJ (NP David Mullins) , (NP (NP assistant secretary) (PP of (NP the Treasury))) ,) (VP said (SBAR that (S (NP-SBJ the working capital) (VP is (ADJP-PRD necessary (S (NP-SBJ-1 *) (VP to (VP (VP reduce (NP (NP the final costs) (PP of (NP the bailout))) , (PP-MNR by (S-NOM (NP-SBJ *-1) (VP allowing (S (NP-SBJ the agency) (VP to (VP sell (NP (NP savings and loans) (PP without (NP their bad assets)))))))))) , then (VP hold (NP the assets) (SBAR-TMP until (S (NP-SBJ-108 they) (VP can (VP be (VP sold (NP *-108) (PP-LOC under (NP favorable conditions)))))))))))))))) .)) (TOP (S (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-109 (NP it) (SBAR *ICH*-3)) (VP has n't (ADVP-TMP yet) (VP been (VP determined (NP *-109) (SBAR-3 (WHADVP-1 how) (S (NP-SBJ the RTC) (VP will (VP raise (NP the cash) (ADVP-MNR *T*-1)))))))))))) , but (S (NP-SBJ the administration) (VP does n't (VP want (S (NP-SBJ-2 it) (VP to (VP be (VP included (NP *-2) (PP-CLR on (NP the federal budget)))))) , (SBAR-PRP because (S (NP-SBJ-4 it) (VP would (VP `` distort '' (NP the budget process) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP requiring (NP either (NP (NP exemptions) (PP from (NP Gramm-Rudman))) or (NP (NP big increases) (PP-LOC in (NP the budget deficit)))))))))))))) .)) (TOP (S (S-TPC-1 But (NP-SBJ the worst possibility) (VP would (VP be (S-NOM-PRD (NP-SBJ *) (VP raising (NP no working capital)))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S-1 `` (SBAR-ADV If (S (NP-SBJ-3 working capital financing) (VP is not (VP provided (NP *-3))))) , '' (PRN (S (NP-SBJ he) (VP said (S *T*-1)))) , `` (NP-SBJ-2 the RTC) (VP may (VP have (S (NP-SBJ *-2) (VP to (VP (VP slow (PRN -LCB- (NP S&L sales) -RCB-)) or (VP dump (NP acquired assets) (PP through (NP fire sales)))))))) .)) (TOP (S (NP-SBJ Panhandle Eastern Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP applied , (PP on (NP (NP behalf) (PP of (NP (NP two) (PP of (NP its subsidiaries)))))) , (PP-CLR to (NP the Federal Energy Regulatory Commission)) (PP-PRP for (NP permission (S (NP-SBJ *) (VP to (VP build (NP (NP a 352-mile , (ADJP (QP $ 273 million) *U*) pipeline system ) (PP (PP from (NP (NP Pittsburg County) , (NP Okla.) ,)) (PP to (NP (NP Independence) , (NP Miss)))))))))))))) .)) (TOP (S (NP-SBJ The natural gas pipeline concern) (VP said (SBAR 0 (S (NP-SBJ-111 the (NAC (NP (QP 500 million) cubic feet) (NP-ADV a day)) capacity pipeline) (VP would (VP be (VP built (NP *-111) (PP by (NP-LGS (NP a proposed joint venture) (PP between (NP (NP two Panhandle Eastern units) - (NP Texas Eastern Transmission Corp. and Trunkline Gas Co))))))))))) .)) (TOP (S (NP-SBJ Texas Eastern Transmission) (VP will (VP build and operate (NP (NP the system) , (SBAR (WHNP-142 which) (S (NP-SBJ *T*-142) (VP will (VP connect (NP the Arkoma Basin) (PP-CLR with (NP several interstate pipelines))))))))) .)) (TOP (SQ (ADVP Now) was (NP-SBJ that) (NP-PRD (NP a quarter cup) or (NP a half cup)) ?)) (TOP (FRAG (NP Not a gripping question) , (SBAR-ADV unless (S (S (NP-SBJ you) (VP 're (NP-PRD (NP the pastry chef) (PP of (NP (NP this city 's) Chez Panisse restaurant))))) and (S (NP-SBJ you) (VP 've (ADVP just) (VP lost (NP your priceless personal dessert notebook)))))) .)) (TOP (S (NP-SBJ-112 Chez Panisse) (VP was (VP listed (NP *-112) (PP-LOC-CLR among (NP (NP the top 30 restaurants) (PP-LOC in (NP the world)))) (NP-TMP this year) (PP by (NP-LGS Connoisseur magazine)))) .)) (TOP (S (NP-SBJ (NP The tattered black binder) , (VP bulging (PP-CLR with (NP (NP (NP 18 years ') worth) (PP of (NP (NP recipes) (VP held (NP *) (ADVP-CLR together) (PP by (NP-LGS rubber bands)))))))) ,) (VP was (PP-LOC-PRD in (NP (NP chef Lindsey Shere 's) purse)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-113 it) (VP was (VP stolen (NP *-113) (PP-DIR from (NP her house)) (ADVP-TMP recently) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ The Berkeley police) (VP (VP do n't (VP have (NP any leads))) but (VP doubt (SBAR 0 (S (NP-SBJ-114 the crime) (VP was (VP driven (NP *-114) (PP by (NP-LGS (NP a passion) (PP for (NP sweets)))))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ they) (VP figure (SBAR 0 (S (NP-SBJ the culprit) (ADVP probably) (VP (VP took (NP money) (PP-DIR from (NP (NP Ms. Shere 's) wallet))) and (VP discarded (NP (NP all the tips) (PP-LOC in (NP the five-by-eight-inch looseleaf)))))))) .)) (TOP (S (NP-SBJ (NP Chez Panisse) , (SBAR (SBAR (WHNP-3 whose founder) , (NP Alice Waters) , (S (NP-SBJ-115 *T*-3) (VP is (VP considered (S (NP-SBJ *-115) (NP-PRD (NP the inventor) (PP of (NP (NP the cooking style) (VP known (NP *) (PP-CLR as (NP California cuisine))))))))))) and (SBAR (WHNP-143 whose patrons) (S (NP-SBJ *T*-143) (VP make (NP reservations) (PP-TMP (NP a month) in (NP advance)))))) ,) (VP has n't (ADVP exactly) (VP subjected (NP diners) (PP-CLR to (NP vanilla ice cream)) (PP-PRP because of (NP the theft)))) .)) (TOP (S (PP For (NP one thing)) , (NP-SBJ Ms. Shere) (VP can (VP draw (PP-CLR on (NP (NP her cookbook) , (VP published (NP *) (PP by (NP-LGS Random House)) (ADVP-TMP (NP four years) ago)) , (SBAR (WHNP-144 which) (S (NP-SBJ *T*-144) (VP is (VP teeming (PP-CLR with (NP (NP recipes) (PP for (NP (NP such specialties) (PP as (NP (NP kiwi sherbet) , (NP (NP gooseberry fool) -LRB- (NP (NP a creamy dish) (VP made (NP *) (PP-CLR with (NP crushed stewed berries)))) -RRB-) and (NP hazelnut `` oeufs a la neige))))))))))))))) . '')) (TOP (S (PP For (NP another)) , (NP-SBJ sympathetic fans) (VP have (VP sent (NP Ms. Shere) (NP (NP copies) (PP of (NP her recipes)) (VP clipped (NP *) (PP from (NP magazines)) (PP-TMP over (NP the years)))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP (NP the restaurant 's) ever-changing menu) (PP of (NP five-course dinners))) (PRN -- (S (NP-SBJ-1 it) (ADVP supposedly) (VP has n't (VP repeated (NP a meal) (PP-TMP since (S-NOM (NP-SBJ *-1) (VP opening (PP-TMP in (NP 1971)))))))) --) (VP requires (NP constant improvisation)) .)) (TOP (S And (NP-SBJ that) (VP puts (NP added pressure) (PP-PUT on (NP Chez Panisse dessert-menu planners))) .)) (TOP (SINV `` (S-3 (NP-SBJ We) (VP make (SBAR-NOM (WHNP-1 what) (S (NP-SBJ we) (VP know (SBAR (WHADVP-2 how) (S (NP-SBJ *) (VP to (VP make (NP *T*-1) (ADVP-MNR *T*-2)))))))))) , '' (VP says (S *T*-3)) (NP-SBJ business manager Richard Mazzera) .)) (TOP (S (S (NP-SBJ (NP Many) (PP-LOC in (NP (NP the Bay Area 's) pastry community))) (VP express (NP disbelief (SBAR that (S (NP-SBJ Ms. Shere) (VP kept (NP (NP (QP only one) copy) (PP of (NP such valuable notes))))))))) , but (S (NP-SBJ she) (VP has (VP received (NP moral support) (PP-DIR from (NP (NP (NP Baker 's) Dozen) , (NP (NP a group) (PP of (NP California pastry chefs)) (SBAR (WHNP-145 that) (S (NP-SBJ-3 *T*-145) (VP meets (ADVP-MNR regularly) (S-PRP (NP-SBJ *-3) (VP to (VP discuss (NP (NP issues) (PP like (SBAR (SBAR (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP keep (NP meringues) (PP-CLR from (VP weeping)) (ADVP-MNR *T*-1))))) and (SBAR (WHADVP-2 how) (S (NP-SBJ bovine eating habits) (VP affect (NP butter texture) (ADVP-MNR *T*-2))))))))))))))))))) .)) (TOP (S (NP-SBJ Ms. Shere) (VP (VP has (VP offered (NP a (ADJP $ 500 *U*) reward) (PP-CLR for (NP (NP the book 's) return)))) but (VP figures (SBAR 0 (S (NP-SBJ-1 she) (VP 'll (VP have (S (NP-SBJ *-1) (VP to (VP reinvent (NP many recipes) (PP from (NP scratch))))))))))) .)) (TOP (S `` (S-1 (NP-SBJ It) (VP 's (NP-PRD an overwhelming job))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ There) (VP are (NP-PRD (QP so many) possible proportions) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ you) (VP consider (SBAR (WHNP-1 (WHADJP how many) things) (S (NP-SBJ-116 *T*-1) (VP are (VP made (NP *-116) (PP-CLR out (PP of (NP eggs and butter and milk))))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (NP-SBJ Newport Electronics Inc.) (VP named (NP (NP a new slate) (PP of (NP officers))) , (NP-ADV (NP a move) (SBAR (WHNP-146 that) (S (NP-SBJ *T*-146) (VP follows (NP (NP replacement) (PP of (NP (NP the company 's) five incumbent directors)) (NP-TMP last week))))))) .)) (TOP (S (NP-SBJ-117 (NP Milton B. Hollander) , (ADJP (NP 60 years) old) ,) (VP was (VP named (S (NP-SBJ *-117) (NP-PRD chief executive officer)) , (S-ADV (NP-SBJ *-117) (VP succeeding (NP Barrett B. Weekes))))) .)) (TOP (S (NP-SBJ (NP Mr. Hollander 's) (ADJP Stamford , Conn.-based) High Technology Holding Co.) (VP acquired (NP (NP most) (PP of (NP (NP its (ADJP 49.4 %) stake) (PP-LOC in (NP Newport))))) (PP-TMP in (NP August))) .)) (TOP (S (NP-SBJ-118 Mr. Hollander) (VP was (VP named (S (NP-SBJ *-118) (NP-PRD chairman)) (NP-TMP last week) , (S-ADV (NP-SBJ *-118) (VP succeeding (NP (NP Mr. Weekes) , (SBAR (WHNP-147 who) (S (NP-SBJ *T*-147) (VP was (PP-LOC-PRD among (NP the ousted directors)))))))))) .)) (TOP (S (S (NP-SBJ The company) (VP has (VP declined (NP requests (S (NP-SBJ *) (VP to (VP discuss (NP the changes)))))))) , but (S (NP-SBJ Mr. Weekes) (VP has (VP said (SBAR that (S (NP-SBJ-1 Mr. Hollander) (VP wanted (S (NP-SBJ *-1) (VP to (VP have (NP his own team)))))))))) .)) (TOP (S (NP-SBJ-119 Scott Wakeman) (VP was (VP named (S (NP-SBJ *-119) (NP-PRD (NP (NP (NP president) and (NP chief operating officer)) (PP of (NP U.S. operations))) , (NP (NP titles) (SBAR (WHNP-1 that) (S (NP-SBJ-120 *T*-1) (VP had (VP been (VP held (NP *-120) (PP by (NP-LGS Mr. Weekes)))))))))))) .)) (TOP (S (NP-SBJ Mr. Wakeman) (VP was (NP-PRD (NP vice president) (PP of (NP (NP the instrument and controls division) (PP of (NP (NP (ADJP closely held) Omega Engineering Inc.) , (NP (NP another company) (VP controlled (NP *) (PP by (NP-LGS Mr. Hollander)))))))))) .)) (TOP (S (NP-SBJ A company spokesman) (VP did n't (VP know (NP (NP Mr. Wakeman 's) age))) .)) (TOP (S (NP-SBJ-121 (NP James R. Lees) , (NP 51) , (NP (NP vice president) (PP of (NP (NP Newport 's) European operations))) ,) (VP was (VP named (S (NP-SBJ *-121) (NP-PRD (NP (NP executive vice president) and (NP chief operating officer)) (PP of (NP European operations)))) , (S-ADV (NP-SBJ *-121) (VP assuming (NP (NP some former duties) (PP of (NP Mr. Weekes))))))) .)) (TOP (S (NP-SBJ-122 (NP Arthur B. Crozier) , (NP 34) , (NP an attorney) ,) (VP was (VP named (S (NP-SBJ *-122) (NP-PRD secretary)) , (S-ADV (NP-SBJ *-122) (VP succeeding (NP (NP John Virtue) , (SBAR (WHNP-148 who) (S (NP-SBJ *T*-148) (VP was (NP-PRD (NP another) (PP of (NP the ousted directors))))))))))) .)) (TOP (S (NP-SBJ UNIFIRST Corp.) (VP declared (NP a 2-for-1 stock split)) .)) (TOP (S (NP-SBJ The (NAC-LOC Wilmington , Mass. ,) garment service company) (ADVP also) (VP boosted (NP its quarterly dividend) (NP-ADV 20 %) (PP-CLR to (NP (NP (NP three cents) (NP-ADV a share)) (VP adjusted (NP *) (PP-CLR for (NP the split)))))) .)) (TOP (S (NP-SBJ The dividend) (VP had (VP been (NP-PRD (NP five cents) (NP-ADV a share)))) .)) (TOP (S (S-TPC-1 (NP-SBJ The (NX (NX split) and (NX quarterly dividend))) (VP will (VP be (ADJP-PRD payable (NP-TMP Jan. 3) (PP to (NP (NP stock) (PP of (NP record)) (NP-TMP Nov. 16))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The split) (VP will (VP raise (NP (NP the number) (PP of (NP (NP shares) (ADJP outstanding)))) (PP-DIR to (NP about 10.2 million)))) .)) (TOP (S (ADVP Separately) , (NP-SBJ UniFirst) (VP reported (SBAR that (S (NP-SBJ net income) (VP rose (NP-ADV 21 %) (PP-DIR to (NP (NP (QP $ 3 million) *U*) , or (NP (NP (NP 29 cents) (NP-ADV a share)) (VP adjusted (NP *) (PP-CLR for (NP the split))))))))) , (PP for (NP (NP the fourth quarter) (VP ended (NP *) (NP-TMP Aug. 26))))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) (NP-SBJ UniFirst) (VP earned (NP (NP (QP $ 2.4 million) *U*) , or (NP (NP (NP 24 cents) (NP-ADV a share)) (VP adjusted (NP *) (PP-CLR for (NP the split)))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (PP-DIR to (NP (QP $ 52.4 million) *U*)) (PP-DIR from (NP (QP $ 50.1 million) *U*))) .)) (TOP (S (NP-SBJ Fibreboard Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP the (ADJP previously reported) sale) (PP of (NP (NP (QP approximately 27,500) acres) (PP of (NP (NP timberland) (PP-LOC near (NP (NP Truckee) , (NP Calif.) ,)))))) (PP to (NP (NP (ADJP closely held) Sierra Pacific Industries Corp.) , (NP-LOC (NP Arcata) , (NP Calif.)) ,)) (PP for (NP (QP $ 32.5 million) *U*))))))) .)) (TOP (S (NP-SBJ The lumber , insulation and fireproofing concern) (VP said (SBAR 0 (S (NP-SBJ (NP the transaction) , (SBAR (WHNP-149 which) (S (NP-SBJ *T*-149) (VP includes (NP (NP a swap) (PP of (NP other timber interests)))))) ,) (VP would (VP result (PP-CLR in (NP (NP a (ADJP (QP $ 13.5 million) *U*) after-tax gain) , (SBAR (WHNP-1 0) (S (NP-SBJ-123 *T*-1) (VP to (VP be (VP recorded (NP *-123) (PP-TMP in (NP the fourth quarter)))))))))))))) .)) (TOP (S (NP-SBJ Healthcare International Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP reached (NP (NP a 120-day standstill agreement) (VP *ICH*-1)) (PP-CLR with (NP its HealthVest affiliate)) (VP-1 calling (SBAR for (S (NP-SBJ Healthcare) (VP to (VP (VP pay (NP HealthVest) (NP-2 (QP $ 5 million) *U*) (ADVP-TMP-3 right away)) and (VP (NP=2 additional amounts) (PP-TMP=3 in (NP the future)))))))))))) .)) (TOP (S (PP-LOC Under (NP the agreement)) , (NP-SBJ (NP Healthcare) , (NP (NP a manager) (PP of (NP health-care facilities))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP (VP pay (NP HealthVest) (NP (NP (QP $ 3.9 million) *U*) (PP in (NP overdue rent and mortgage payments)))) and (VP repay (NP (NP (QP $ 1.1 million) *U*) (PP in (NP (NP funds) (SBAR (WHNP-150 that) (S (NP-SBJ HealthVest) (VP advanced (NP *T*-150) (PP for (NP (NP construction work) (PP on (NP facilities)))))))))))))))) .)) (TOP (S (PP In (NP return)) , (NP-SBJ HealthVest) (VP agreed (SBAR that (S (NP-SBJ it) (VP wo n't (VP exercise (NP its rights and remedies) (PP against (NP Healthcare)) (PP-TMP during (NP the 120-day period))))))) .)) (TOP (S (PP-TMP After (NP the payment)) , (NP-SBJ Healthcare) (ADVP-TMP still) (VP will (VP be (PP-PRD (NP (QP $ 6.5 million) *U*) in (NP (NP arrears) (PP on (NP (NP rent and mortgage payments) (PP to (NP (NP HealthVest) , (NP (NP a real estate investment trust) (SBAR (WHNP-151 whose portfolio) (S (NP-SBJ *T*-151) (VP consists (ADVP largely) (PP-CLR of (NP (NP properties) (VP operated (NP *) (PP by (NP-LGS Healthcare))))))))))))))))) .)) (TOP (S (NP-SBJ Healthcare) (VP has (VP given (NP HealthVest) (NP (NP a (ADJP 12 %) note) (PP for (NP that overdue amount)) , (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP be (VP repaid (NP *-2) (PP-TMP over (NP three years)))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-4 Healthcare) (VP agreed (S (NP-SBJ *-4) (VP to (VP make (NP (NP monthly rent and mortgage payments) (PP of (NP (QP $ 2.7 million to $ 3 million) *U*)) (PP to (NP HealthVest)) (SBAR *ICH*-2)) (PP-TMP during (NP the standstill period)) , (SBAR-2 (WHNP-3 0) (S (NP-SBJ-125 *T*-3) (VP to (VP be (VP paid (NP *-125) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Healthcare) (VP (ADVP-MNR successfully) completes (NP asset sales) (ADVP-TMP *T*-1))))))))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ Healthcare) (ADVP actually) (VP owes (NP HealthVest) (NP (NP (QP $ 4.2 million) *U*) (PP in (NP rent and mortgage payments))) (NP-TMP each month)))) , (NP-SBJ-126 (NP (NP the amount) (ADJP due)) (PP above (NP (NP the amount) (VP paid (NP *))))) (VP will (VP be (VP added (NP *-126) (PP-CLR to (NP the three-year note))))) .)) (TOP (S (NP-SBJ-1 The funds) (VP should (VP help (S (NP-SBJ *-1) (VP ease (NP (NP a cash bind) (PP-LOC at (NP (NP HealthVest) , (SBAR (WHNP-152 which) (S (NP-SBJ-2 *T*-152) (VP has (VP been (ADJP-PRD unable (S (NP-SBJ *-2) (VP to (VP pay (NP its debts))))) (SBAR-PRP because (S (NP-SBJ Healthcare) (VP has n't (VP made (NP complete rent and mortgage payments) (PP-TMP since (NP July))))))))))))))))) .)) (TOP (S (NP-SBJ A spokesman) (VP said (SBAR 0 (S (NP-SBJ HealthVest) (VP (VP-3 has (VP paid (NP (NP two) (PP of (NP (NP the three banks) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP owed (NP interest) (PP-DTV to (NP *T*-1)) (PP-TMP in (NP October)))))))))) and (VP=3 is (PP-PRD in (NP (NP negotiations) (PP with (NP the third bank))))))))) .)) (TOP (S (NP-SBJ (NP Healthcare) , (SBAR (WHNP-153 which) (S (NP-SBJ *T*-153) (VP has (VP been (PP-LOC-PRD in (NP a severe liquidity bind)))))) ,) (VP said (SBAR 0 (S (NP-SBJ-3 it) (VP is (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP make (NP the payments))))) (SBAR-PRP because (S (NP-SBJ it) (VP completed (NP (NP a transaction) (PP with (NP Greenery Rehabilitation Group Inc.)) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ Greenery) (VP (VP purchased (NP stock and warrants) (PP-CLR for (NP (QP $ 500,000) *U*))) and (VP loaned (NP Healthcare) (NP (QP $ 9 million) *U*)) (PP-LOC *T*-2)))))))))))) .)) (TOP (S (NP-SBJ-127 The loan) (VP is (VP backed (NP *-127) (PP by (NP-LGS (NP (NP (NP Healthcare 's) (ADJP 5.4 %) stake) (PP-LOC in (NP HealthVest))) and (NP (NP interest) (PP in (NP certain facilities))))))) .)) (TOP (S (NP-SBJ-1 I) (VP was (ADJP-PRD pleased (S (NP-SBJ *-1) (VP to (VP note (SBAR that (S (NP-SBJ your Oct. 23 Centennial Journal item) (VP recognized (NP the money-fund concept) (PP-CLR as (NP (NP one) (PP of (NP (NP the significant events) (PP of (NP the past century)))))))))))))) .)) (TOP (S (ADVP Actually) , (ADVP-TMP (NP about two years) ago) , (NP-SBJ the Journal) (VP listed (NP (NP the creation) (PP of (NP the money fund))) (PP-CLR as (NP (NP one) (PP of (NP (NP the 10 (ADJP most significant) events) (PP-LOC in (NP (NP the world) (PP of (NP finance)))) (PP-TMP in (NP the 20th century))))))) .)) (TOP (S But (S (NP-SBJ-1 (NP the Reserve Fund) , (NP (NP America 's) first money fund) ,) (VP was not (VP named (NP *-1)))) , nor (SINV were (NP-SBJ (NP the creators) (PP of (NP the money-fund concept)) , (NP (NP Harry Brown) and (NP myself))) (VP *?*)) .)) (TOP (S (NP-SBJ We) (VP innovated (NP (NP (NP telephone redemptions) , (NP daily dividends) , (NP (NP total elimination) (PP of (NP share certificates))) and (NP the constant (ADJP $ 1 *U* pershare) pricing)) , (SBAR (WHNP-154 (NP all) (WHPP of (WHNP which))) (S (NP-SBJ-1 *T*-154) (VP were (UCP-PRD (VP (ADVP-MNR painfully) thought (NP *-1) (ADVP-CLR out)) and not (NP (NP the result) (PP of (NP (NP some inadvertence) (PP on (NP (NP the part) (PP of (NP the SEC))))))))))))) .)) (TOP (NP President)) (TOP (NP The Reserve Fund)) (TOP (S (NP-SBJ (NP The crowning moment) (PP-LOC in (NP (NP the career) (PP of (NP Joseph F. O'Kicki))))) (VP came (SBAR-TMP as (S (NP-SBJ 300 (UCP local and state) dignitaries) (VP packed (PP-DIR into (NP (NP his elegant , marble-columned courtroom) (ADVP-LOC here))) (NP-TMP last year) (PP-PRP for (NP (NP his swearing in) (PP as (NP (NP President Judge) (PP of (NP Cambria County)))))))))) .)) (TOP (S (NP-SBJ (NP (NP Baskets) (PP of (NP roses))) and (NP potted palms)) (VP adorned (NP his bench)) .)) (TOP (S (NP-SBJ The local American Legion color guard) (VP led (NP the way)) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ the judge) (VP marched (PP-DIR down (NP the center aisle)) (PP in (NP his flowing black robe))))) , (NP-SBJ-128 he) (VP was (VP heralded (NP *-128) (PP by (NP-LGS a trumpet fanfare)))) .)) (TOP (S (PP To (NP many)) , (NP-SBJ it) (VP was (NP-PRD (NP a ceremony) (VP (ADVP (ADVP more) (PP *ICH*-1)) befitting (NP a king) (PP-1 than (NP (NP a rural judge) (VP seated (NP *) (PP-LOC-CLR in (NP (NP the isolated foothills) (PP of (NP the southern Allegheny Mountains)))))))))) .)) (TOP (S But then (NP-SBJ Judge O'Kicki) (ADVP-TMP often) (VP behaved (PP-CLR like (NP (NP a man) (SBAR (WHNP-155 who) (S (NP-SBJ *T*-155) (VP would (VP be (NP-PRD (NP king) -- and (PRN , (S (NP-SBJ some) (VP say)) ,) (NP an (ADJP arrogant and abusive) one))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ his case) (VP may (VP be (ADJP-PRD extreme))))) , (NP-SBJ it) (VP reflects (NP (NP the vulnerability) (PP of (NP many small communities)) (PP to (NP domineering judges)))) .)) (TOP (S (NP-TMP Last March) , (PP-TMP (NP nine months) after (NP (NP the judge 's) swearing-in)) , (NP-SBJ (NP the state attorney general 's) office) (VP indicted (NP him) (PP-CLR on (NP (NP a sweeping array) (PP of (NP (NP charges) (VP alleging (NP (NP (QP more than 10) years) (PP of (NP `` (NP official oppression) '' (PP-LOC in (NP (NP Cambria County) , (NP (NP a depressed steel and mining community) (PP-LOC in (NP western Pennsylvania)))))))))))))) .)) (TOP (S (NP-SBJ-1 The allegations) , (S-ADV (NP-SBJ *-1) (VP ranging (PP-DIR (PP from (NP theft and bribery)) (PP to (NP coercion and lewdness))))) , (VP paint (NP a disquieting picture)) .)) (TOP (S (PP According (PP to (NP (NP testimony) (PP-LOC in (NP (NP a public , 80-page grand-jury report) (VP handed (NP *) (ADVP-DIR up) (PP-CLR to (NP the state attorney general)))))))) , (NP-SBJ Judge O'Kicki) (VP (VP extorted (NP cash) (PP-CLR from (NP lawyers))) , (VP muscled (NP favorable loans) (PP-CLR from (NP banks))) and (VP bullied (NP local businesses)) (PP-TMP for (NP (QP more than a) decade))) .)) (TOP (S (NP-SBJ Prosecutors) , (PP-LOC in (NP (NP an indictment) (PP based (PP on (NP (NP the grand jury 's) report))))) , (VP maintain (SBAR that (S (PP-TMP at (NP (NP various times) (PP-TMP since (NP 1975)))) , (NP-SBJ he) (VP (VP owned (NP (NP a (ADJP secret and illegal) interest) (PP-LOC in (NP a beer distributorship)))) ; (VP plotted (NP (NP hidden ownership interests) (PP-LOC in (NP real estate)) (SBAR (WHNP-156 that) (S (NP-SBJ *T*-156) (VP presented (NP (NP an alleged conflict) (PP of (NP interest)))))))) ; (VP set (PRT up) (NP (NP a dummy corporation) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP (VP buy (NP a car)) and (VP obtain (NP insurance)) (PP-BNF for (NP (NP his former girlfriend) (PRN -LRB- (ADVP-TMP now) (NP his second wife) -RRB-))))))))) ; and (VP maintained (NP 54 accounts) (PP-LOC-CLR in (NP (NP six banks) (PP-LOC in (NP Cambria County))))))))) .)) (TOP (S (PP-LOC In (NP (NP testimony) (VP recorded (NP *) (PP-LOC-CLR in (NP the grand jury report))))) , (NP-SBJ court employees) (VP said (SBAR 0 (S (NP-SBJ (NP the judge) , (ADJP (ADVP-TMP now) (NP 59 years) old) ,) (VP (VP harassed (NP his secretaries)) , (VP made (NP imperial demands) (PP-CLR on (NP his staff))) and (VP hounded (NP (NP anyone) (SBAR (WHNP-157 who) (S (NP-SBJ *T*-157) (VP crossed (NP him)))))))))) .)) (TOP (S (NP-SBJ Bailiffs) (VP claimed (SBAR 0 (S (NP-SBJ-1 they) (VP were (VP required (S (NP-SBJ-2 *-1) (VP to (VP (VP chauffeur (NP him) (PP-DIR to and from (NP work))) , (VP mow (NP his lawn)) , (VP chop (NP his wood)) , (VP fix (NP his car)) and (ADVP even) (VP drop (PRT by) (NP his house) (S-PRP (NP-SBJ *-2) (VP to (VP feed (NP (NP his two grown mutts) , (NP Dixie and Husky)))))))))))))) .)) (TOP (S (NP-SBJ One former bailiff) (VP charged (SBAR that (S (NP-SBJ-1 the judge) (VP double-crossed (NP him) (PP-MNR by (S-NOM (NP-SBJ-2 *-1) (VP reneging (PP on (NP (NP a promise) (PP of (NP a (ADJP better paying) job)))) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP pocketing (NP a (ADJP $ 500 *U*) bribe))))))))))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP the allegations))) (VP are (ADJP-PRD simply bizarre)) .)) (TOP (S (NP-SBJ Two former secretaries) (VP told (NP the grand jury) (SBAR 0 (S (NP-SBJ-129 they) (VP were (VP summoned (NP *-129) (PP-CLR to (NP (NP the judge 's) chambers)) (PP-TMP on (NP separate occasions)) (S-PRP (NP-SBJ *-129) (VP to (VP take (NP dictation)))) , (S-ADV (NP-SBJ *-129) (ADVP only) (VP to (VP find (NP the judge) (PP-CLR in (NP his bikini underwear)))))))))) .)) (TOP (S (NP-SBJ One secretary) (VP testified (SBAR that (S (NP-SBJ-1 the judge) (ADVP-TMP once) (VP called (NP her) (PP-CLR to (NP his office)) (SBAR-TMP while (S (NP-SBJ *-1) (VP wearing (NP (NP nothing) (ADVP at all))))))))) .)) (TOP (S (NP-SBJ-2 The judge) , (S-ADV (NP-SBJ-3 *-2) (VP suspended (NP *-3) (PP-CLR from (NP his bench)) (PP pending (NP (NP his trial) , (SBAR (WHNP-158 which) (S (NP-SBJ *T*-158) (VP began (NP-TMP this week)))))))) , (VP (ADVP-MNR vehemently) denies (NP (NP all the allegations) (PP against (NP him))) , (S-ADV (NP-SBJ *-2) (VP calling (S (NP-SBJ them) (UCP-PRD `` (ADJP ludicrous) '' and `` (NP imaginative , political demagoguery)))))) . '')) (TOP (S (NP-SBJ He) (VP blames (NP the indictment) (PP-CLR on (NP (NP local political feuding) , (NP (NP unhappiness) (PP with (NP his aggressive efforts (S (NP-SBJ *) (VP to (VP clear (NP (NP the courthouse 's) docket))))))) and (NP (NP a vendetta) (PP by (NP (NP state investigators and prosecutors) (VP angered (NP *) (PP by (NP-LGS (NP some) (PP of (NP (NP his rulings) (PP against (NP them))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP do n't (VP know (SBAR (WHNP-1 whose toes) (S (NP-SBJ I) (VP 've (VP stepped (PP-CLR on (NP *T*-1))))))))) , '' (VP says (S *T*-2)) (NP-SBJ the judge) .)) (TOP (S `` (NP-SBJ I) (VP 'll (VP find (ADVP-CLR out) , (ADVP-TMP eventually) , (SBAR (WHNP-159 who) (S (NP-SBJ *T*-159) (VP pushed (NP the state police buttons) (PP-CLR into (NP action))))))) . '')) (TOP (S (SBAR-ADV Even if (S (NP-SBJ (NP only some) (PP of (NP the allegations))) (VP stand (PRT up)))) , (ADVP however) , (NP-SBJ they) (VP provide (NP (NP ample testimony) (PP to (NP (NP the awesome power) (PP of (NP (NP judges) (PP-LOC in (NP rural communities)))))))) .)) (TOP (S (NP-SBJ-1 That power) (VP can (ADVP-TMP sometimes) (VP be (VP abused (NP *-1) , (SBAR-PRP (ADVP particularly) since (S (NP-SBJ (NP jurists) (PP-LOC in (NP smaller jurisdictions))) (VP operate (PP without (NP (NP many) (PP of (NP (NP the restraints) (SBAR (WHNP-160 that) (S (NP-SBJ *T*-160) (VP serve (PP-CLR as (NP corrective measures)) (PP-LOC in (NP urban areas))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Lawyers) and (NP (NP their clients) (SBAR (WHNP-161 who) (S (NP-SBJ *T*-161) (ADVP-TMP frequently) (VP bring (NP business) (PP-DIR to (NP a country courthouse))))))) (VP can (VP expect (S (NP-SBJ *-1) (VP to (VP appear (PP-LOC-CLR before (NP the same judge)) (NP-TMP (NP year) (PP after (NP year)))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Fear) (PP of (S-NOM (NP-SBJ *) (VP alienating (NP that judge))))) (VP is (ADJP-PRD pervasive))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Maurice Geiger) , (NP (NP founder and director) (PP of (NP (NP (NP the Rural Justice Center) (PP-LOC in (NP (NP Montpelier) , (NP Vt.)))) , (NP (NP a public interest group) (SBAR (WHNP-162 that) (S (NP-SBJ *T*-162) (VP researches (NP rural justice issues))))))))) .)) (TOP (S-2 (PP-PRP As (NP a result)) (PRN , (SINV (VP says (SBAR 0 (S *T*-2))) (NP-SBJ Mr. Geiger)) ,) (NP-SBJ-3 lawyers) (VP (VP think (ADVP-TMP twice) (PP-TMP before (S-NOM (NP-SBJ *-3) (VP appealing (NP (NP a judge 's) ruling))))) , (VP are (ADJP-PRD reluctant (S (NP-SBJ *-3) (VP to (VP (VP mount (NP *RNR*-1)) , or (ADVP even) (VP support (NP *RNR*-1)) , (NP-1 (NP challenges) (PP against (NP him)) (PP for (NP re-election)))))))) and (VP are (ADVP-TMP usually) (ADJP-PRD loath (S (NP-SBJ *-3) (VP to (VP file (NP (NP complaints) (SBAR (WHNP-163 that) (S (NP-SBJ *T*-163) (VP might (VP impugn (NP (NP a judge 's) integrity)))))))))))) .)) (TOP (S (NP-SBJ (NP Judge O'Kicki) , (NP a (ADJP stern and forbidding-looking) man) ,) (VP has (VP been (NP-PRD (NP a fixture) (PP in (NP the local legal community))) (PP-TMP for (NP (QP more than two) decades)))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD (NP The son) (PP of (NP (NP an immigrant stonemason) (PP of (NP Slovenian descent)))))) , (NP-SBJ-1 he) (VP (VP was (VP raised (NP *-1) (PP-LOC in (NP (NP a small borough) (PP-LOC outside (NP (NP Ebensburg) , (NP the Cambria County seat))))))) , and (VP put (NP himself) (PP-CLR through (NP the (NAC University (PP of (NP Pittsburgh))) Law School)))) .)) (TOP (S (NP-SBJ-2 He) (VP graduated (PP-LOC-CLR near (NP (NP the top) (PP of (NP his class)))) , (S-ADV (NP-SBJ *-2) (VP serving (PP-CLR on (NP the school law review)) (PP with (NP (NP Richard Thornburgh) , (SBAR (WHNP-164 who) (S (NP-SBJ-1 *T*-164) (VP went (PRT on) (S (NP-SBJ *-1) (VP to (VP become (NP-PRD (NP (NP governor) (PP of (NP Pennsylvania))) and (PRN , (ADVP-TMP now) ,) (NP U.S. Attorney General))))))))))))) .)) (TOP (S-CLF (NP-SBJ It) (VP was (ADVP also) (PP-PRD in (NP law school)) (SBAR (WHADVP-1 that) (S (NP-SBJ (NP Mr. O'Kicki) and (NP his first wife)) (VP had (NP (NP the first) (PP of (NP seven daughters))) (ADVP-LOC *T*-1))))) .)) (TOP (S (NP-SBJ-1 He) (VP (VP divorced (NP his first wife) (ADVP-TMP (NP three years) ago)) and (VP married (NP (NP the daughter) (PP of (NP his court clerk))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ Pennsylvania Supreme Court Justice John P. Flaherty) (VP called (S (NP-SBJ Mr. O'Kicki) (NP-PRD (NP one) (PP of (NP (NP the finest judges) `` (PP-LOC (CONJP not only) (PP in (NP Pennsylvania)) but (PP in (NP the United States)))))))) . '')) (TOP (S (ADVP Clearly) , (NP-SBJ the judge) (VP has (VP had (NP (NP his share) (PP of (NP accomplishments))))) .)) (TOP (S (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP practicing (NP law) (ADVP-LOC locally)))) , (NP-SBJ-1 he) (VP was (VP elected (NP *-1) (PP-CLR to (NP (NP his first 10-year term) (PP as (NP judge)))) (PP-TMP in (NP 1971))))) ; (S (PP-TMP in (NP 1981)) , (NP-SBJ-2 he) (VP was (ADVP effectively) (VP re-elected (NP *-2)))) .)) (TOP (S (ADVP-TMP (NP Six years) ago) , (NP-SBJ-131 Judge O'Kicki) (VP was (VP voted (S (NP-SBJ *-131) (NP-PRD (NP president) (PP of (NP (NP the Pennsylvania Conference) (PP of (NP State Trial Judges)))))) (PP by (NP-LGS (NP the state 's) 400 judges)))) .)) (TOP (S (NP-SBJ-132 He) (VP has (VP been (VP considered (NP *-132) (NP-TMP several times) (PP-CLR for (NP (NP appointments) (PP to (NP (NP federal district and appellate court vacancies) (PP-LOC in (NP Pennsylvania))))))))) .)) (TOP (S And (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP ran (ADVP unsuccessfully) (PP-CLR for (NP a state appellate court seat)) (PP-TMP in (NP 1983)) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 the Pennsylvania Bar Association) (VP rated (S (NP-SBJ him) `` (NP-PRD (NP one) (PP of (NP (NP the best) (ADJP available))))) , '' (PP-TMP after (S-NOM (NP-SBJ *-2) (VP interviewing (NP local lawyers))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ He) (ADVP probably) (VP was (NP-PRD (NP the smartest guy) (SBAR (WHNP-165 who) (S (NP-SBJ *T*-165) (ADVP-TMP ever) (VP sat (PP-LOC-CLR on (NP our bench)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP a former president) (PP of (NP (NP Cambria County 's) 150-member bar association)) , (SBAR (WHNP-166 who) (S (NP-SBJ-3 *T*-166) (PRN , (PP like (NP (NP most lawyers) (PP-LOC in (NP Cambria County)))) ,) (VP refuses (S (NP-SBJ *-3) (VP to (VP talk (PP-CLR about (NP the judge)) (ADVP-MNR *PPA*-2)))) (ADVP-MNR-2 publicly))))) .)) (TOP (S `` (NP-SBJ He) (VP 's (ADJP-PRD (ADJP sharp) (PP as (NP a tack)))) .)) (TOP (S (NP-SBJ He) (VP could (VP grasp (NP an issue) (PP with (NP (NP the blink) (PP of (NP an eye)))))) . '')) (TOP (S (PP-TMP For (NP (NP more) (PP than (NP a decade)))) , (NP-SBJ virtually no one) (VP complained (PP-CLR about (NP Judge O'Kicki))) .)) (TOP (SINV `` (FRAG-1 (WHNP What) (PP about (NP (NP (NP those institutions) (SBAR (WHNP-167 that) (S (NP-SBJ-2 *T*-167) (VP are (VP supposed (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP the bedrock) (PP of (NP society))))))))))) , (NP (NP the banks) and (NP the bar association))))) ... ? '' (VP wrote (FRAG *T*-1)) (NP-SBJ (NP a columnist) (PP for (NP (NP the Tribune-Democrat) , (NP (NP a newspaper) (PP-LOC in (NP nearby Johnstown))) ,))) (SBAR-TMP (ADVP shortly) after (S (NP-SBJ the scandal) (VP became (ADJP-PRD public)))) .)) (TOP (S `` (SBAR-ADV If only (S (NP-SBJ (NP a banker) or (NP a lawyer)) (VP had (VP spoken (PRT out) (ADVP-TMP (NP years) ago))))) , (NP-SBJ the judicial process) (VP would n't (VP be (PP-PRD under (NP (NP the taint) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP is (NP-PRD *T*-1) (NP-TMP today)))))))) . '')) (TOP (S (NP-SBJ (NP Officials) (PP with (NP (NP the Pennsylvania Judicial Inquiry and Review Board) , (NP (NP the arm) (PP of (NP the state)) (SBAR (WHNP-168 that) (S (NP-SBJ *T*-168) (VP investigates (NP judicial misconduct))))) ,))) (VP counter (SBAR that (S (NP-SBJ they) (VP had (NP (NP no inkling) (PP of (NP (NP anything) (ADJP amiss) (PP-LOC in (NP Ebensburg))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ Nobody) (VP told (NP us))) ; (S (NP-SBJ nobody) (VP called (NP us)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP an official) (ADVP-LOC close (PP to (NP the case))) (SBAR (WHNP-169 who) (S (NP-SBJ-2 *T*-169) (VP asked (S (NP-SBJ-133 *-2) not (VP to (VP be (VP named (NP *-133))))))))) .)) (TOP (S `` (NP-SBJ Nobody) (VP had (NP (NP the guts) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP complain (ADVP *T*-1))))))) . '')) (TOP (FRAG Certainly not (NP the lawyers) .)) (TOP (S (S-TPC-1 (NP-SBJ Johnstown attorney Richard J. Green Jr.) (VP shelled (PRT out) (NP (NP $ 500 *U*) (PP in (NP loans))) (PP-DIR to (NP the judge)) (PP-TMP over (NP five years)))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)) (PP-LOC in (NP (NP testimony) (PP to (NP the grand jury))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The judge) (ADVP-TMP never) (VP made (NP (NP a pretense) (PP of (S-NOM (NP-SBJ *) (VP repaying (NP the money))))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Green) .)) (TOP (S-1 (ADVP-TMP Eventually) (PRN , (NP-SBJ Mr. Green) (VP testified (SBAR 0 (S *T*-1))) ,) (NP-SBJ-3 he) (VP began (S (NP-SBJ *-3) (VP (VP ducking (ADVP-DIR out (PP of (NP his office)))) (PP rather than (VP face (NP the judge))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ he) (VP visited (ADVP-TMP *T*-2))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Mr. Green) (VP won (NP (NP a (ADJP $ 240,000 *U*) verdict) (PP in (NP (NP a land condemnation case) (PP against (NP the state))))) (ADVP-TMP *T*-1) (PP-TMP in (NP June 1983))))) , (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ Judge O'Kicki) (VP (ADVP unexpectedly) awarded (NP him) (NP an additional $ 100,000 *U*))))) .)) (TOP (S-1 (NP-SBJ Mr. Green) (VP thought (NP little) (PP-CLR of (NP it)) (PRN , (S (NP-SBJ he) (VP told (NP the grand jury) (SBAR 0 (S *T*-1)))) ,) (SBAR-TMP until (S (NP-SBJ the judge) (VP (VP walked (ADVP-DIR up (PP to (NP him))) (SBAR-TMP after (S (NP-SBJ the courtroom) (VP had (VP cleared))))) and (VP suggested (NP a kickback)))))) .)) (TOP (S `` (SQ-TPC-1 Do n't (NP-SBJ you) (VP think (SBAR 0 (S (NP-SBJ-2 I) (VP ought (S (NP-SBJ *-2) (VP to (VP get (NP (NP a commission) ... or (NP (NP part) (PP of (NP your fee)))) (PP-LOC in (NP this case)))))))))) ? '' (NP-SBJ Mr. Green) (VP said (SBAR 0 (S (NP-SBJ the judge) (VP asked (NP him) (SQ *T*-1))))) .)) (TOP (S (S-TPC-1 (S-ADV (NP-SBJ *-2) (ADJP-PRD Appalled)) , (NP-SBJ-2 Mr. Green) (ADVP-TMP never) (VP paid (NP the money))) , (NP-SBJ he) (VP testified (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ-1 he) (VP did n't (VP complain (PP-CLR to (NP (NP the state 's) Judicial Inquiry and Review Board)) , (ADVP either) , (S-ADV (NP-SBJ *-1) (VP saying (ADVP-TMP later) (SBAR that (S (NP-SBJ he) (VP feared (NP retribution)))))))) .)) (TOP (S (NP-SBJ Mr. O'Kicki) (VP said (SBAR 0 (S (NP-SBJ he) (VP will (VP respond (PP-CLR to (NP (NP Mr. Green 's) allegation)) (PP-LOC at (NP his trial))))))) .)) (TOP (S (PP Like (NP (NP most) (PP of (NP (NP (NP Cambria County 's) lawyers and residents) (SBAR (WHNP-170 who) (S (NP-SBJ *T*-170) (VP had (NP (NP dealings) (PP with (NP the judge)))))))))) , (NP-SBJ-1 Mr. Green) (VP declined (S (NP-SBJ-134 *-1) (VP to (VP be (VP interviewed (NP *-134) (PP for (NP this article))))))) .)) (TOP (S And (NP-SBJ (NP no one) (PP with (NP (NP a complaint) (PP about (NP the judge))))) (VP would (VP allow (S (NP-SBJ-1 his name) (VP to (VP be (VP printed (NP *-1))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ I) (VP do n't (VP have (NP (NP anything) (ADJP much) (SBAR (WHNP-5 0) (S (NP-SBJ *) (VP to (VP say (NP *T*-5))))))))) , and (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ that) (VP 's (SBAR-PRD (WHNP what) (S (NP-SBJ-3 you) (VP 're (VP going (S (NP-SBJ *-3) (VP to (VP find (PP-CLR from (NP (NP everyone else) (SBAR (WHNP-4 0) (S (NP-SBJ you) (VP talk (PP-CLR to (NP *T*-4)) (ADVP-LOC up here))))))))))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ local attorney Edward F. Peduzzi) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ another lawyer) : `` (S-1 (NP-SBJ (NP The practice) (PP of (NP law))) (VP is (NP-PRD (NP a matter) (PP of (S-NOM (NP-SBJ *) (VP biting (NP (NP one 's) lip) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ you) (VP live (PP-LOC-CLR in (NP a small community)) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (NP-SBJ-1 One) (VP had (PRT best) (S (NP-SBJ *-1) not (VP dance (PP-LOC on (NP (NP top) (PP of (NP a coffin)))) (SBAR-TMP until (S (NP-SBJ-2 the lid) (VP is (VP sealed (S (NP-SBJ *-2) (ADJP-PRD tightly shut))))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ-137 The judge) (VP was (VP considered (S (NP-SBJ *-137) (ADJP-PRD imperious , abrasive and ambitious))))) , (NP-SBJ (NP those) (SBAR (WHNP-171 who) (S (NP-SBJ *T*-171) (VP practiced (PP-LOC before (NP him)))))) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 He) (VP sipped (NP (NP tea) (ADJP sweetened (PP with (NP honey)))) (PP-LOC from (NP (NP his high-backed leather chair) (PP-LOC at (NP his bench)))) , (SBAR-TMP while (S (NP-SBJ *-1) (VP scribbling (NP (NP notes) (VP ordering (S (NP-SBJ spectators) (VP (VP to (VP stop (NP whispering))) or (VP to (VP take (PRT off) (NP their hats))) (PP-LOC in (NP his courtroom)))))))))) .)) (TOP (S (ADVP-TMP (NP Four years) ago) , (NP-SBJ he) (VP jailed (NP (NP all nine members) (PP of (NP the Cambria County School Board))) (PP-TMP for (NP several hours)) (SBAR-TPC after (S (NP-SBJ they) (VP defied (NP his order (S (NP-SBJ-2 *) (VP to (VP extend (NP the school year) (PP-CLR by (NP several weeks)) (S-PRP (NP-SBJ *-2) (VP to (VP make (PRT up) (PP-CLR for (NP (NP time) (VP lost (NP *) (PP-TMP during (NP (NP a teachers ') strike)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Visitors) (PP-LOC in (NP his chambers))) (VP say (SBAR 0 (S (NP-SBJ he) (VP could (VP cite (ADVP-MNR precisely) (NP (NP the years , months , weeks and days) (VP remaining (SBAR-TMP until (S (NP-SBJ mandatory retirement) (VP would (VP force (ADVP-DIR aside) (NP the presiding president judge) , (S-ADV (NP-SBJ *) (VP giving (NP Judge O'Kicki) (NP (NP the seniority) (VP required (S (NP-SBJ *) (VP to (VP take (PRT over) (PP as (NP (NP the county 's) top court administrator)))))))))))))))))))) .)) (TOP (S-1 (NP-SBJ The judge) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-1)))) ,) (VP was (ADJP-PRD fiercely proud (PP of (NP his abilities and accomplishments)))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ My name) (VP is (NP-PRD judge))) , '' (NP-SBJ Judge O'Kicki) (VP told (NP (NP a car salesman) (PP in (NP Ebensburg))) (S *T*-2) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP bought (NP a new red Pontiac Sunbird) (PP-TMP in (NP October 1984)) (ADVP-TMP *T*-1)))) , (PP according (PP to (NP the grand-jury report)))) .)) (TOP (S (NP-SBJ The dealership) (ADVP-MNR dutifully) (VP recorded (NP the sale) (PP under (NP (NP the name) `` (NP Judge O'Kicki)))) . '')) (TOP (SINV (S-TPC-1 (ADVP Yet) , (PP despite (NP (NP the judge 's) imperial bearing)) , (NP-SBJ no one) (ADVP-TMP ever) (VP had (NP (NP reason) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP suspect (NP possible wrongdoing) (ADVP-PRP *T*-2)))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP John Bognato) , (NP (NP president) (PP of (NP (NP Cambria County 's) 150-member bar association)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP (NP The arrogance) (PP of (NP a judge))) , (NP his demeanor) , (NP (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ he) (VP handles (NP people) (ADVP-MNR *T*-1)))))) (VP are not (NP-PRD (NP a basis) (PP for (S-NOM (NP-SBJ *) (VP filing (NP a complaint))))))) , '' (VP says (S *T*-2)) (NP-SBJ Mr. Bognato) .)) (TOP (S `` (SBAR-TMP Until (S (NP-SBJ this) (VP (VP came (PRT up)) and (VP hit (NP the press))))) , (NP-SBJ there) (VP was (ADVP-TMP never) (NP-PRD any indication (SBAR that (S (NP-SBJ he) (VP was (VP doing (NP (NP anything) (ADJP wrong)))))))) . '')) (TOP (S (NP-SBJ State investigators) (VP dispute (NP that view) (ADVP-TMP now) , (PP (ADVP particularly) in (NP (NP light) (PP of (NP (NP (NP the judge 's) various business dealings) (PP-LOC in (NP Cambria County))))))) .)) (TOP (S (NP-SBJ The judge) (VP came (PP-CLR under (NP scrutiny)) (PP-TMP in (NP late 1987)) , (SBAR-TMP after (S (NP-SBJ (NP the state attorney general 's) office) (VP launched (NP (NP an unrelated investigation) (PP into (NP (NP corruption) (PP-LOC in (NP Cambria County))))))))) .)) (TOP (S (NP-SBJ The inquiry) (ADVP-TMP soon) (VP focused (PP-CLR on (NP the judge))) .)) (TOP (S (NP-SBJ Even his routine business transactions) (VP caused (NP trouble) , (PP according (PP to (NP the grand jury report)))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the judge) (VP bought (NP his new Sunbird) (PP-CLR from (NP (NP James E. Black Pontiac-Cadillac) (PP-LOC in (NP Ebensburg)))) (ADVP-TMP (NP five years) ago) (ADVP-TMP *T*-1)))) , (NP-SBJ the dealership) (VP had (NP `` (NP certain apprehensions) '' (PP about (NP (NP the judge 's) reputation))) , (PP according (PP to (NP the grand-jury report)))) .)) (TOP (S (NP-SBJ The dealership) (VP took (NP (NP the extra step) (PP of (S-NOM (NP-SBJ *) (VP having (S (NP-SBJ-2 (NP all the paper work) (PP for (NP the transaction))) (VP pre-approved (NP *-2) (PP by (NP-LGS (NP (NP Ebensburg 's) local lender) , (NP Laurel Bank)))))))))) .)) (TOP (S (ADVP-TMP Then) , (PP as (NP an additional precaution)) , (NP-SBJ the car dealership) (VP took (NP (NP (NP the judge 's) photograph) (NP *ICH*-1)) (SBAR-TMP as (S (NP-SBJ he) (VP stood (ADVP-LOC-CLR next (PP to (NP his new car))) (PP with (NP (NP sales papers) (PP-LOC in (NP hand))))))) -- (NP-1 proof (SBAR that (S (NP-SBJ he) (VP had (VP received (NP the loan documents))))))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the judge) (VP received (NP his payment book) (ADVP-TMP *T*-1)))) , (NP-SBJ he) (VP disavowed (NP the deal)) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ There) (VP was (NP-PRD no loan))) , (S (NP-SBJ there) (VP is (NP-PRD no loan))) , (S (NP-SBJ there) (ADVP-TMP never) (VP shall (VP be (NP-PRD a loan))))) , '' (NP-SBJ the judge) (VP wrote (NP the bank) (S *T*-1) (PP-LOC on (NP his judicial stationery)) , (PP according (PP to (NP the report)))) .)) (TOP (S (ADVP-TMP Later) , (NP-SBJ the judge) (VP went (NP a step) (ADVP farther)) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ-1 Laurel Bank) (VP tried (S (NP-SBJ *-1) (VP to (VP repossess (NP the car))))))) , (NP-SBJ a vice president) (VP asked (NP-2 him) (S (NP-SBJ *-2) (VP to (VP intervene (PP-LOC-CLR in (NP (NP an unrelated legal dispute) (VP involving (NP a trust account)))))))) .)) (TOP (S (NP-SBJ The judge) (VP wrote (ADVP again)) .)) (TOP (S `` (S-TPC-3 (S (NP-SBJ I) (VP find (NP myself) (PP-LOC-CLR in (NP (NP an adversary relationship) (PP with (NP Laurel Bank)))))) , and (S (NP-SBJ-1 I) (VP am not (ADJP-PRD inclined (S (NP-SBJ *-1) (VP to (VP extend (NP myself) (ADVP (ADVP as far) (SBAR as (S (NP-SBJ-138 any favors) (VP are (VP concerned (NP *-138))))))))))))) , '' (NP-SBJ the judge) (VP wrote (ADVP-CLR back) (S *T*-3) (PP-LOC in (NP (NP a letter) (VP attached (NP *) (PP-CLR to (NP (NP the grand jury 's) report)))))) .)) (TOP (S `` (ADVP Perhaps) (SBAR-ADV if (S (NP-SBJ-139 my personal matters) (VP can (VP be (VP resolved (NP *-139) (PP with (NP Laurel bank)) (PP-TMP in (NP the near future))))))) , (NP-SBJ-1 I) (VP may (VP be (VP inclined (S (NP-SBJ *-1) (VP to (VP reconsider (NP your request))))))) ... . '')) (TOP (S (NP-SBJ The judge) (ADVP-TMP now) (VP (VP says (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP was `` (ADJP-PRD unfortunate) '' (SBAR-1 that (S (NP-SBJ-2 he) (VP chose (S (NP-SBJ *-2) (VP to (VP write (NP the letter))))))))))) but (VP says `` (S (NP-SBJ there) (VP was (ADVP certainly) (NP-PRD no intent (S (NP-SBJ *) (VP to (VP extort)))) (ADVP-LOC there))))) . '')) (TOP (S (NP-SBJ The bank) (VP acquiesced) .)) (TOP (S (NP-SBJ It) (VP (VP refinanced (NP (NP the judge 's) loan)) , (VP lowered (NP its interest rate)) and (VP accepted (NP (NP (NP a trade-in) (SBAR (WHNP-172 that) (S (NP-SBJ *T*-172) (VP had n't (ADVP originally) (VP been (NP-PRD (NP part) (PP of (NP the deal)))))))) -- (NP (NP a (ADJP beat (PRT up)) 1981 Chevy Citation) (SBAR (WHNP-1 0) (S (NP-SBJ-2 the dealer) (VP had (S (NP-SBJ *-2) (VP to (VP repair (NP *T*-1) (SBAR-TMP before (S (NP-SBJ-140 it) (VP could (VP be (VP resold (NP *-140)))))))))))))))) .)) (TOP (S (NP-SBJ The incident) (VP was n't (NP-PRD (NP the only time) (SBAR (WHADVP-1 0) (S (NP-SBJ the judge) (VP got (NP special treatment) (PP-CLR from (NP his local bank)) (ADVP-TMP *T*-1)))))) .)) (TOP (S (ADVP-TMP (NP Two years) later) , (NP-SBJ-2 he) (VP wrote (S (NP-SBJ *-2) (VP to (VP complain (SBAR that (S (NP-SBJ (NP the interest) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP was (VP paying (NP *T*-1) (PP-CLR on (NP an unsecured (ADJP $ 10,000 *U*) loan))))))) (VP was `` (ADJP-PRD absolutely onerous)))))))) . '')) (TOP (S (NP-SBJ (NP Paul L. Kane) , (NP (NP (NP Laurel 's) president) (PP at (NP the time))) ,) (VP (ADVP-MNR quickly) responded) .)) (TOP (S-1 (NP-SBJ The bank) (PRN , (S (NP-SBJ he) (VP wrote (ADVP back) (SBAR 0 (S *T*-1)))) ,) (VP was `` (ADVP-TMP immediately) '' (VP lowering (NP the rate) (PP-EXT by (NP 3.5 %)) , `` (PP as (NP (NP a concession) (PP to (NP you)))))) . '')) (TOP (S (NP-SBJ The judge) (VP says (SBAR 0 (S (NP-SBJ he) (VP ca n't (VP discuss (PP-MNR in (NP detail)) (SBAR (WHADVP-1 how) (S (NP-SBJ he) (VP will (VP defend (NP himself) (PP-LOC at (NP his trial)) (ADVP-MNR *T*-1))))))))) , (SBAR-ADV although (S (NP-SBJ he) (VP contends (SBAR that (S (SBAR-ADV if (S (NP-SBJ he) (VP were (ADJP-PRD (ADJP as corrupt) (SBAR as (S (NP-SBJ state prosecutors) (VP believe (S *?*)))))))) , (NP-SBJ he) (VP would (VP be (ADJP-PRD (ADJP far wealthier) (SBAR than (S (NP-SBJ he) (VP is (ADJP-PRD *?*))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP His seven-bedroom cedar and brick house) (ADVP-LOC outside (PP of (NP Johnstown)))) (VP is (ADVP-PRD up (PP for (NP sale))) (S-PRP (NP-SBJ *-1) (VP to (VP pay (PP-CLR for (NP his lawyers)))))) .)) (TOP (S (NP-SBJ The judge) (VP says (SBAR 0 (S (NP-SBJ he) (VP is (ADJP-PRD confident (SBAR 0 (S (NP-SBJ he) (VP will (VP return (PP-DIR to (NP his old bench))))))))))) .)) (TOP (S-1 (ADVP-TMP Already) (PRN , (S (NP-SBJ he) (VP notes (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-141 (NP the 76 charges) (VP (ADVP originally) filed (PP against (NP him)))) (VP have (VP been (VP trimmed (NP *-141) (PP-CLR to (NP 27))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP (NP the allegations) (ADJP (ADVP-TMP no longer) pending)))) (VP were (NP-PRD (NP ethics charges) (VP withdrawn (NP *) (PP by (NP-LGS state prosecutors)) (PP as (NP (NP part) (PP of (NP a pre-trial agreement))))))) .)) (TOP (S (NP-SBJ (NP (NP The heart) (PP of (NP the case))) (PRN -- `` (NP official oppression) '' --)) (VP remains (ADJP-PRD intact)) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ I) (VP lose))) , (NP-SBJ I) (VP lose (NP (NP my position) , (NP my career) , (NP my pension) , (NP my home) and (NP my investments)))) , '' (VP says (S *T*-1)) (NP-SBJ the judge) .)) (TOP (S `` (NP-SBJ (NP My God) and (NP I)) (VP know (SBAR 0 (S (NP-SBJ I) (VP am (ADJP-PRD correct and innocent))))) .)) (TOP (NP (NP Many thanks) (PP for (NP (NP (NP Alexander Cockburn 's) comic masterpiece) (PRN -LRB- (NP-TTL `` (NP (NP U.S . Economy) : (NP (NP A House) (VP Built (NP *) (PP-LOC-CLR on (NP Junk-Bond Sand))))) , '' (NP-LOC Viewpoint) , (NP-TMP Oct. 19)) -RRB-))) .)) (TOP (S (NP-SBJ (NP The use) (PP of (NP (NP the abominable construction practices) (PP-LOC in (NP the Soviet Union)) (PRN -- (SBAR as (S (NP-SBJ-1 *) (VP evidenced (NP *-1) (PP by (NP-LGS (NP the collapse) (PP of (NP sand apartment blocks)) (PP-TMP during (NP the Armenian earthquake))))))) --))) (PP as (NP (NP a metaphor) (PP for (NP the U.S. economic system))))) (VP was (NP-PRD (NP a sublime example) (PP of (NP (NP Mr. Cockburn 's) satirical muse)))) .)) (TOP (S (NP-SBJ I) (VP await (NP (NP his sequel) : (NP (NP (NP (NP the (ADJP economic and social) resiliency) (PP of (NP the San Francisco Bay area))) and (NP (NP the outstanding work) (PP of (NP (NP (NP the local governments) and (NP the private charitable organizations)) (ADVP-LOC there))))) (PP as (NP (NP metaphors) (PP for (NP (NP the supremacy) (PP of (SBAR-NOM (WHNP-1 whatever failed system) (S (NP-SBJ Mr. Cockburn) (ADVP-TMP now) (VP believes (PP-CLR in (NP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ It) (VP should (VP be (NP-PRD a scream))) .)) (TOP (NP William S. Smith)) (TOP (S (PP As (NP (NP a money manager) and (NP a grass-roots environmentalist))) , (NP-SBJ-1 I) (VP was (ADJP-PRD very disappointed (S (NP-SBJ *-1) (VP to (VP read (PP-LOC in (NP (NP the premiere issue) (PP of (NP Garbage)))) (SBAR (SBAR that (S (NP-SBJ The Wall Street Journal) (VP uses (NP (NP 220,000 metric tons) (PP of (NP newsprint))) (NP-TMP each year)))) , but (SBAR that (S (NP-SBJ (NP (QP only 1.4) %) (PP of (NP it))) (VP comes (PP-DIR from (NP recycled paper))))))))))) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ the Los Angeles Times) , (PP for (NP example)) , (VP uses (NP (ADJP 83 %) recycled paper)) .)) (TOP (S (PP (PP With (S-NOM (NP-SBJ newspapers) (VP being (NP-PRD (NP the largest single component) (PP of (NP solid waste)) (PP-LOC in (NP our landfills)))))) , and (PP with (S-NOM (NP-SBJ our country) (VP overflowing (PP-CLR with (NP trash))))) ,) (NP-SBJ (NP (NP all sectors) (PP of (NP our society))) and (NP (NP all types) (PP of (NP businesses)))) (VP must (VP become (ADJP-PRD more responsible (PP in (NP (NP our use and disposal) (PP of (NP precious natural resources))))))) .)) (TOP (S (NP-SBJ The Wall Street Journal) (VP is (NP-PRD (NP an excellent publication) (SBAR (WHNP-1 that) (S (NP-SBJ-2 I) (VP (VP enjoy (S (NP-SBJ *-2) (VP reading (NP *T*-1)))) (PRN -LRB- and (VP must (VP read (NP *T*-1))) -RRB-) (ADVP-TMP daily)))))) .)) (TOP (S (NP-SBJ-1 *) (VP Please (VP (VP make (S (NP-SBJ (NP me) and (NP (NP thousands) (PP of (NP other readers)))) (ADJP-PRD more comfortable (PP with (NP (NP our daily purchase) (PP of (NP your newspaper)))))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP raising (NP your environmental standards) (PP-DIR to (NP your (ADJP overall impeccable) quality levels)))))) , and (VP increase (NP (NP your use) (PP of (NP recycled paper)))))) .)) (TOP (NP Virginia M.W. Gardiner)) (TOP (S (NP-SBJ FIRST AMERICAN FINANCIAL Corp.) (VP declared (NP (NP a special dividend) (PP of (NP (NP one share) (PP of (NP Class B common stock)) (PP for (NP (NP each share) (PP of (NP Class A common stock)))))) , (RRC (ADJP payable (PP to (NP (NP holders) (PP of (NP record)) (PP-TMP on (NP Nov. 10))))) (SBAR-ADV if (S (NP-SBJ the Securities and Exchange Commission) (VP approves (NP this) (PP-CLR as (NP (NP the effective date) (PP of (NP the registration statement)))))))))) .)) (TOP (S (NP-SBJ (NP Shareholders) (PP of (NP the (NAC-LOC Santa Ana , Calif. ,) title-insurance company))) (VP approved (NP (NP the creation) (PP of (NP (NP this second class) (PP of (NP stock)) , (SBAR (SBAR (WHNP-2 which) (S (NP-SBJ-142 *T*-2) (VP will (VP be (VP traded (NP *-142) (PP-LOC on (NP the national over-the-counter market))))))) and (SBAR (WHNP-1 which) (S (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-143 *T*-1) (VP would (VP be (VP used (NP *-143) (PP-CLR for (NP (NP acquisitions) and (NP other general corporate purposes)))))))))))))))) .)) (TOP (S (NP-SBJ The following) (VP were (PP-LOC-PRD among (NP (NP (NP yesterday 's) offerings and pricings) (PP-LOC in (NP the (UCP U.S. and non-U.S.) capital markets)))) , (PP with (NP (NP terms) and (NP syndicate manager))) , (SBAR-ADV as (S (NP-SBJ-1 *) (VP compiled (NP *-1) (PP by (NP-LGS Dow Jones Capital Markets Report)))))) :)) (TOP (NP-HLN Continental Cablevision Inc. --)) (TOP (S (NP-SBJ-144 (NP (QP $ 350 million) *U*) (PP of (NP senior subordinated debentures)) , (ADJP due (NP-TMP Nov. 1 , 2004)) ,) (VP was (VP priced (NP-1 *-144) (PP-CLR at (NP par)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP (QP 12 7) %)))))) .)) (TOP (S (S-ADV (NP-SBJ-4 *-145) (VP (VP Rated (S (NP-SBJ *-4) (ADJP-PRD-1 single-B-1)) (PP-2 by (NP-LGS (NP Moody 's) Investors Service Inc.))) and (VP (ADJP-PRD=1 single-B) (PP=2 by (NP-LGS (NP Standard & Poor 's) Corp.))))) , (NP-SBJ-145 (NP the issue) , (SBAR (WHNP-173 which) (S (NP-SBJ *T*-173) (VP is (ADJP-PRD non-callable) (PP-TMP for (NP five years))))) ,) (VP will (VP be (VP sold (NP *-145) (PP-MNR through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Morgan Stanley & Co)))))))) .)) (TOP (NP-HLN Beatrice Co. --)) (TOP (S (NP-SBJ-146 (NP (QP $ 251 million) *U*) (PP of (NP notes)) , (ADJP due (NP-TMP Nov. 1 , 1997)) ,) (VP was (VP priced (NP *-146) (PP-LOC in (NP a two-part offering)) (PP-MNR through (NP (NP underwriters) (PP-LOC at (NP Salomon Brothers Inc)))))) .)) (TOP (S (NP-SBJ-147 (NP The size) (PP of (NP the issue))) (VP was (VP scaled (NP *-147) (PRT back) (PP-DIR from (NP an (ADJP originally planned) (QP $ 350 million) *U*)))) .)) (TOP (S (NP-SBJ-148 (NP The first part) , (VP consisting (PP-CLR of (NP (NP (QP $ 151 million) *U*) (PP of (NP (ADJP (QP 13 3) %) senior subordinated reset notes))))) ,) (VP was (VP priced (NP *-148) (PP-CLR at (NP 99.75)))) .)) (TOP (S (NP-SBJ (NP The rate) (PP on (NP the notes))) (VP will (VP be (VP reset (ADVP-TMP annually) (S-PRP (NP-SBJ *) (VP to (VP give (NP the issue) (NP (NP a market value) (PP of (NP 101))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP the maximum coupon) (SBAR (WHPP-1 at (WHNP which)) (S (NP-SBJ the notes) (VP can (VP be (VP reset (PP-CLR *T*-1))))))) (VP is (NP-PRD (QP 16 1) %)) .)) (TOP (S (NP-SBJ The minimum coupon) (VP is (NP-PRD (QP 13 3) %)) .)) (TOP (S (NP-SBJ-149 (NP The second part) , (VP consisting (PP-CLR of (NP (NP (QP $ 100 million) *U*) (PP of (NP senior subordinated floating-rate notes))))) ,) (VP was (VP priced (NP-1 *-149) (PP-CLR at (NP 99 3)) (S-CLR (NP-SBJ *-1) (VP to (VP float (PP-CLR (NP-ADV 4.25 %) above (NP the three-month London interbank offered rate))))))) .)) (TOP (S (NP-SBJ (NP The initial coupon) (PP on (NP the floating-rate notes))) (VP will (VP be (NP-PRD 12.9375 %))) .)) (TOP (S (NP-SBJ-3 The issue) (VP is (VP (VP rated (S (NP-SBJ *-3) (ADJP-PRD-1 single-B-3)) (PP-2 by (NP-LGS Moody 's))) and (VP (ADJP-PRD=1 single-B-plus) (PP=2 by (NP-LGS S&P))))) .)) (TOP (NP-HLN New Jersey Wastewater Treatment Trust --)) (TOP (S (NP-SBJ-150 (NP (ADJP (QP $ 75.1 million) *U*) , two-part offering) (PP of (NP bonds))) (ADVP apparently) (VP was (VP won (NP *-150) (PP by (NP-LGS a Merrill Lynch Capital Markets group)))) .)) (TOP (S (NP-SBJ (NP (NP The group 's) bid) (PP for (NP (NP (QP $ 40.9 million) *U*) (PP of (NP (NP wastewater treatment insured bonds) , (NP Series 1989 A) ,))))) (VP produced (NP a (ADJP 7.0826 %) true interest cost)) .)) (TOP (S (NP-SBJ-1 The Series 1989 A bonds) (VP are (VP (VP insured (NP *-1)) and (VP rated (S (NP-SBJ *-1) (ADJP-PRD triple-A)) (PP by (NP-LGS Moody 's and S&P))))) .)) (TOP (S (NP-SBJ (NP (NP The group 's) bid) (PP for (NP (NP (QP $ 34.2 million) *U*) (PP of (NP (NP wastewater treatment bonds) , (NP Series 1989 B) ,))))) (VP produced (NP a (ADJP 7.0808 %) true interest cost)) .)) (TOP (S (NP-SBJ-1 The Series 1989 B bonds) (VP are (UCP-PRD (ADJP-PRD uninsured) and (VP rated (S (NP-SBJ *-1) (ADJP-PRD double-A)) (PP by (NP-LGS Moody 's and S&P))))) .)) (TOP (S (NP-SBJ-1 Both the Series 1989 A and Series 1989 B bonds) (VP were (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP-CLR (PP from (NP (NP 6 %) (PP-TMP in (NP 1991)))) (PP to (NP (NP 7.15 %) (PP-TMP in (NP 2008-2009)))))))) , (PP according (PP to (NP a Merrill Lynch official))))) .)) (TOP (NP-HLN (NP Matagorda County Navigation District No. 1) , (NP-LOC Texas) --)) (TOP (S (NP-SBJ-1 (NP (QP $ 70.3 million) *U*) (PP of (NP pollution control revenue bonds)) (PRN -LRB- (NP Houston Lighting & Power Co . Project) -RRB-) , (ADJP due (NP Oct. 1 , 2019)) ,) (VP were (VP (ADVP-MNR tentatively) priced (NP-2 *-1) (PP by (NP-LGS a Goldman , Sachs & Co. group)) (PP-CLR at (NP (QP 98 1))) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 7.649 %) (PP with (NP (NP a coupon) (PP of (NP (QP 7 1) %))))))))) .)) (TOP (S (NP-SBJ-151 (NP Interest) (PP on (NP the bonds))) (VP will (VP be (VP treated (NP *-151) (PP-CLR as (NP a preference item)) (PP-LOC in (S-NOM (NP-SBJ *) (VP calculating (NP (NP the federal alternative minimum tax) (SBAR (WHNP-1 that) (S (NP-SBJ-152 *T*-1) (VP may (VP be (VP imposed (NP *-152) (PP-CLR on (NP certain investors)))))))))))))) .)) (TOP (S (NP-SBJ-1 The bonds) (VP are (VP (VP insured (NP *-1)) and (VP rated (S (NP-SBJ *-1) (ADJP-PRD triple-A)) (PP by (NP-LGS (NP Moody 's) and (NP S&P)))))) .)) (TOP (NP-HLN Federal Home Loan Mortgage Corp. --)) (TOP (S (NP-SBJ-153 (NP (QP $ 500 million) *U*) (PP of (NP Remic mortgage securities))) (VP is (VP being (VP offered (NP *-153) (PP in (NP 11 classes)) (PP by (NP-LGS a Morgan Stanley group))))) .)) (TOP (S (NP-SBJ-154 (NP The offering) , (NP Series 109) ,) (VP is (VP backed (NP *-154) (PP by (NP-LGS Freddie Mac (ADJP 10 %) securities)))) .)) (TOP (S (NP-SBJ Complete details) (VP were n't (ADJP-PRD immediately available)) .)) (TOP (NP-HLN Lomas Mortgage Funding Corp. II --)) (TOP (S (NP-SBJ-155 (NP (ADJP (QP $ 100 million) *U*) issue) (PP of (NP collateralized mortgage obligations))) (VP is (VP being (VP offered (NP *-155) (PP in (NP four classes)) (PP by (NP-LGS a Morgan Stanley group))))) .)) (TOP (S (NP-SBJ The securities) (VP yield (PP-CLR (PP from (NP 9.35 %)) (PP to (NP 10.48 %))) (PP for (NP a 30-year issue)) (PP with (NP (NP an average life) (PP of (NP 21.18 years))))) .)) (TOP (S (NP-SBJ The (ADJP 10.48 %) yield) (VP represents (NP (NP a spread) (PP to (NP the 20-year Treasury)) (PP of (NP 2.45 percentage points)))) .)) (TOP (S (NP-SBJ The collateral) (VP consists (PP-CLR of (NP (NP collateralized whole loans) (PP with (NP (NP (NP a weighted average coupon rate) (PP of (NP 11.08 %))) and (NP (NP weighted average remaining term) (PP to (NP maturity)) (PP of (NP 28 years)))))))) .)) (TOP (S (NP-SBJ-156 The issue) (VP is (VP rated (S (NP-SBJ *-156) (ADJP-PRD triple-A)) (PP by (NP-LGS (NP S&P) , (NP Moody 's) and (NP Fitch Investors Service Inc))))) .)) (TOP (S (S (NP-SBJ The issue) (VP is (ADJP-PRD (NP-ADV (QP 6 % to 7 %) *U*) overcollateralized))) , and (S (NP-SBJ-157 (NP 75 %) (PP of (NP the loans))) (VP are (VP covered (NP *-157) (PP by (NP-LGS (NP a General Electric pool policy) (VP covering (NP (NP losses) (PP of (NP (NP (QP as much as 10 %) *U*) (PP of (NP (NP the original principal balance) (PP of (NP the loans))))))))))))) .)) (TOP (NP-HLN J.C. Penney Co. --)) (TOP (S (NP-SBJ-158 (NP (QP $ 350 million) *U*) (PP of (NP (NP JCP Master Credit Card Trust asset-backed certificates) , (NP Series B) , (PP with (NP (NP a final stated maturity) (PP of (NP Oct. 15 , 2001)))) ,))) (VP was (VP priced (NP-1 *-158) (PP-CLR at (NP 99.1875)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 9.192 %) (PP with (NP (NP a coupon) (PP of (NP 8.95 %))))))))) .)) (TOP (S (NP-SBJ-159 (NP The certificates) , (SBAR (WHNP-174 which) (S (NP-SBJ *T*-174) (VP have (NP (NP an average life) (PP of (NP 10.05 years)))))) ,) (VP were (VP priced (NP *-159) (PP-CLR at (NP (NP 1.31 percentage points) (PP over (NP the benchmark Treasury 10-year note)))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-160) (VP Rated (S (NP-SBJ *-1) (ADJP-PRD triple-A)) (PP by (NP-LGS (NP Moody 's) and (NP S&P))))) , (NP-SBJ-160 the issue) (VP will (VP be (VP sold (NP *-160) (PP through (NP First Boston Corp))))) .)) (TOP (S (NP-SBJ-161 The issue) (VP is (VP backed (NP *-161) (PP by (NP-LGS (NP a (ADJP 12 %) letter) (PP of (NP credit)) (PP from (NP Credit Suisse)))))) .)) (TOP (NP-HLN (NP Keio Teito Electric Railway Co .) (PRN -LRB- (NP-LOC Japan) -RRB-) --)) (TOP (NP (NP (QP $ 300 million) *U*) (PP of (NP (NP bonds) (ADJP due (NP-TMP Nov. 16 , 1993)) , (PP with (NP equity-purchase warrants)) , (VP indicating (NP (NP a (ADJP (QP 3 3) %) coupon) (PP at (NP par)))) (PP via (NP Nomura International Ltd)))) .)) (TOP (S (NP-SBJ Each (ADJP $ 5,000 *U*) bond) (VP carries (NP (NP one warrant (S *ICH*-2)) , (ADJP exercisable (PP-TMP (PP from (NP Nov. 30)) (PP through (NP Nov. 2 , 1993)))) , (S-2 (NP-SBJ *) (VP to (VP buy (NP company shares) (PP-CLR at (NP (NP an expected premium) (PP of (NP (QP 2 1) %)) (PP to (NP the closing share price)))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-162 terms) (VP are (VP fixed (NP *-162) (NP-TMP Tuesday) (ADVP-TMP *T*-1)))))))))) .)) (TOP (NP-HLN (NP Diesel Kiki Co .) (PRN -LRB- (NP-LOC Japan) -RRB-) --)) (TOP (NP (NP (QP $ 200 million) *U*) (PP of (NP (NP bonds) (ADJP due (NP-TMP Nov. 16 , 1994)) , (PP with (NP equity-purchase warrants)) , (VP indicating (NP (NP a (ADJP (QP 4 1) %) coupon) (PP at (NP par)))) (PP via (NP Yamaichi International Europe Ltd)))) .)) (TOP (S (NP-SBJ Each (ADJP $ 5,000 *U*) bond ) (VP carries (NP (NP one warrant (S *ICH*-2)) , (ADJP exercisable (PP-TMP (PP from (NP Nov. 30)) (PP through (NP Nov. 2 , 1994)))) , (S-2 (NP-SBJ *) (VP to (VP buy (NP company shares) (PP-CLR at (NP (NP an expected premium) (PP of (NP (QP 2 1) %)) (PP to (NP the closing share price)))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-163 terms) (VP are (VP fixed (NP *-163) (NP-TMP Monday) (ADVP-TMP *T*-1)))))))))) .)) (TOP (NP-HLN (NP Chugoku Electric Power Co .) (PRN -LRB- (NP-LOC Japan) -RRB-) --)) (TOP (NP (NP (QP $ 150 million) *U*) (PP of (NP (NP (ADJP (QP 8 7) %) bonds) (ADJP due (NP-TMP Nov. 29 , 1996)) , (VP priced (NP-1 *) (PP-CLR at (NP (QP 101 7))) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP (NP (QP 8 7) %) (PP less (NP full fees))))))) (PP via (NP Nikko Securities Ltd)))) .)) (TOP (NP Fees (QP 1 7) .)) (TOP (NP-HLN (NP Monte dei Paschi di Siena) , (NP Singapore branch) (PRN -LRB- (NP Italian parent) -RRB-) , (PP via (NP the Law Debenture Trust Corp.)) --)) (TOP (NP (NP (QP 10 billion) yen) (PRN -LRB- (NP (QP $ 70 million) *U*) -RRB-) (PP of (NP (NP (ADJP 6 %) bonds) (ADJP due (NP-TMP Feb. 24 , 1993)))) , (VP priced (NP *) (PP-CLR at (NP (QP 101 1)))) , (PP via (NP Daiwa Europe Ltd)) .)) (TOP (NP-HLN (NP Okobank) (PRN -LRB- (NP-LOC Finland) -RRB-) --)) (TOP (NP (NP (QP 10 billion) yen) (PP of (NP 6 % bonds)) (ADJP due (NP-TMP Nov. 30 , 1992)) , (VP priced (NP-1 *) (PP-CLR at (NP 101.225)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 6.056 %))))) (PP via (NP IBJ International)) .)) (TOP (S (NP-SBJ EG&G Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP acquired (NP (NP Laboratorium Prof. Dr. Berthold) , (NP (NP a German maker) (PP of (NP scientific instruments)))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ (NP The (NAC-LOC Wellesley , Mass. ,) maker) (PP of (NP (NP scientific instruments) and (NP electronic parts)))) (VP said (SBAR 0 (S (NP-SBJ Berthold) (VP (VP expects (NP (NP 1989 sales) (PP of (NP (NP (QP more than 100 million) Deutsche marks) (PRN -LRB- (NP (QP $ 54.5 million) *U*) -RRB-))))) and (VP employs (NP (QP about 400) people)))))) .)) (TOP (S (NP-SBJ-1 Berthold) (VP (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Wildbad) , (NP West Germany) ,)))) and (VP (ADVP also) has (NP (NP operations) (PP-LOC in (NP Belgium))))) .)) (TOP (S (NP-SBJ (NP John M. Kucharski) , (NP (NP EG&G 's) (NX (NX chairman) and (NX chief executive))) ,) (VP said (SBAR 0 (S (NP-SBJ the acquisition) `` (VP will (VP (VP extend (NP (NP EG&G 's) core technologies)) , (VP strengthen (NP (NP its position) (PP-LOC in (NP the European Economic Community)))) and (VP assure (NP (NP a strength and presence) (PP-LOC in (NP the Eastern European market))))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP especially) (VP will (VP strengthen (NP (NP (NP the company 's) efforts) (PP-LOC (PP in (NP (NP the (ADJP rapidly growing) field) (PP of (NP bio-analytical instrumentation)))) , and (PP in (NP applied nuclear physics))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ EG&G) (VP said (SBAR 0 (S (NP-SBJ it) (VP sold (NP (NP most) (PP of (NP its Mason Research Institute subsidiary))) (PP-DTV to (NP (NP Transgenic Sciences Inc.) , (NP (NP a (ADJP closely held) biotechnology company) (VP based (NP *) (PP-LOC-CLR in (NP (NP Worcester) , (NP Mass))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The sale) , (PP for (NP (NP (QP $ 7 million) *U*) (PP in (NP cash and securities)))) ,) (VP will (VP leave (NP EG&G) (PP-CLR with (NP (NP a (ADJP 12 %) stake) (PP in (NP Transgenic))))))) , (NP-SBJ executives) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Mason) (VP is (NP-PRD (NP the largest toxicology lab) (PP-LOC in (NP New England))) , (PP with (NP (NP (NP annual revenue) (PP of (NP (QP $ 8 million) *U*))) and (NP 140 employees)))) .)) (TOP (S (NP-SBJ Mason) (VP serves (NP (NP commercial and government customers) , (PP including (NP (NP the National Institutes) (PP of (NP Health)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The combined companies) (VP will (VP become (ADJP-PRD profitable) (PP-TMP by (NP January 1990))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP James P. Sherblom) , (NP (NP Transgenic 's) (NX (NX chairman) and (NX chief executive officer)))) .)) (TOP (S (NP-SBJ The Internal Revenue Service) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP is (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP let (S (NP-SBJ the U.S. Tax Court) (VP decide (SBAR (WHNP-1 how much) (S (NP-SBJ (NP oil man) (NP William Herbert Hunt)) (VP will (VP owe (NP the government) (NP *T*-1) (SBAR-TMP after (S (NP-SBJ-164 his assets) (VP are (VP liquidated (NP *-164))))))))))))))))))) .)) (TOP (S (NP-SBJ The surprise announcement) (VP came (SBAR-TMP after (S (NP-SBJ the IRS) (VP broke (PRT off) (NP (NP negotiations) (PP with (NP Mr. Hunt)) (PP on (NP (NP a settlement) (PP of (NP (NP the one-time tycoon 's) personal bankruptcy case))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the action) (VP removes (NP (NP one obstacle) (PP-LOC in (NP (NP the way) (PP of (NP (NP an overall settlement) (PP to (NP the case)))))))))) , (NP-SBJ it) (ADVP also) (VP means (SBAR that (S (NP-SBJ-165 Mr. Hunt) (VP could (VP be (VP stripped (NP *-165) (PP-CLR of (NP (NP virtually all) (PP of (NP his assets)))) (SBAR-ADV if (S (NP-SBJ the Tax Court) (VP rules (PP-CLR against (NP him)) (PP-LOC in (NP (NP a 1982 case) (VP heard (NP *) (NP-TMP earlier this year) (PP-LOC in (NP (NP Washington) , (NP D.C))))))))))))))) .)) (TOP (S (NP-SBJ The IRS) (VP has (VP been (VP seeking (NP (NP (QP more than $ 300 million) *U*) (PP in (NP back taxes))) (PP-CLR from (NP Mr. Hunt))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ (NP a federal judge) (VP hearing (NP (NP Mr. Hunt 's) bankruptcy case) (NP-TMP yesterday))) (VP turned (PRT down) (NP (NP a proposed (ADJP (QP $ 65.7 million) *U*) settlement) (PP between (NP (NP Mr. Hunt) and (NP (NP Minpeco S.A.) , (NP (NP another major creditor) (PP-LOC in (NP the case)))))))) .)) (TOP (S (NP-SBJ The Peruvian minerals concern) (VP had (VP been (VP seeking (NP (NP a claim) (PP of (NP (QP $ 251 million) *U*)) (PP against (NP Mr. Hunt)))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ *-1) (VP turning (PRT down) (NP the compromise)))))) , (NP-SBJ-1 Judge Harold C. Abramson) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP allow (NP (NP a claim) (PP of (NP (QP only $ 19.7 million) *U*)))))))) .)) (TOP (S (NP-SBJ Minpeco attorneys) (VP said (SBAR 0 (S (NP-SBJ they) (VP would (VP appeal (NP the decision) (PP-CLR to (NP a federal district court))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Regarding (NP (NP Mr. Hunt 's) taxes))) , (NP-SBJ (NP he) and (NP the IRS)) (VP have (ADVP apparently) (VP agreed (PP-CLR on (NP (NP a basic formula) (PP for (S-NOM (NP-SBJ *) (VP liquidating (NP his estate)))) (SBAR (WHPP-1 in (WHNP which)) (S (S (NP-SBJ the IRS) (VP would (VP get (NP (NP 70 %) (PP of (NP (NP the proceeds) (PP from (NP a liquidating trust)))))))) and (S (NP-SBJ 30 %) (VP would (VP go (PP-DIR to (NP other creditors))))) (PP-LOC *T*-1))))))) .)) (TOP (S But (NP-SBJ they) (VP have (VP been (PP-PRD at (NP odds)) (PP over (SBAR (WHNP-1 how much) (S (NP-SBJ Mr. Hunt) (VP would (VP owe (NP the government) (NP *T*-1) (SBAR-TMP after (S (NP-SBJ-166 his assets) (VP are (VP sold (NP *-166)))))))))))) .)) (TOP (S (S (NP-SBJ The IRS) (VP had (VP demanded (NP (QP $ 90 million) *U*)))) but (S (NP-SBJ Mr. Hunt) (VP would (VP agree (PP-CLR to (NP (QP no more than $ 60 million) *U*))))) .)) (TOP (S (NP-SBJ (NP Grover Hartt III) , (NP a government lawyer) ,) (VP warned (SBAR that (S (NP-SBJ-2 Mr. Hunt) (VP stood (S (NP-SBJ *-2) (VP to (VP lose (NP (NP certain oil and gas properties) , (NP (NP $ 200,000 *U*) (PP in (NP English pottery))) , (NP a Colorado condominium) and (NP (NP other assets) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP might (VP have (VP kept (NP *T*-1) (SBAR-ADV if (S (NP-SBJ he) (VP had (VP settled (PP-CLR with (NP the IRS)))))))))))))))))))) .)) (TOP (S `` (S-TPC-1 But (S (NP-SBJ-2 they) (VP wanted (S (NP-SBJ *-2) (VP to (VP roll (NP the dice)))))) and (S (NP-SBJ-3 we) (VP 're (VP going (S (NP-SBJ *-3) (VP to (VP let (NP them)))))))) , '' (NP-SBJ Mr. Hartt) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Stephen McCartin) , (NP (NP Mr. Hunt 's) attorney) ,) (VP said (SBAR 0 (S (NP-SBJ his client) (VP welcomed (NP the gamble))))) .)) (TOP (S (NP-SBJ-1 The Tax Court) (VP is n't (VP expected (S (NP-SBJ *-1) (VP to (VP rule (PP-TMP before (NP early next year))))))) .)) (TOP (S (NP-SBJ Japan) (VP has (VP found (NP (NP (NP another safe outlet) (PP for (NP its money))) : (NP U.S. home mortgages)))) .)) (TOP (S (NP-SBJ (NP An increasing number) (PP of (NP big Japanese investors))) (VP are (VP buying (PRT up) (NP (NP U.S. home mortgages) (SBAR (WHNP-175 that) (S (NP-SBJ-2 *T*-175) (VP have (VP been (VP (VP pooled (NP *-2)) and (VP packaged (NP *-2) (PP-CLR for (NP (NP sale) (PP as (NP (NP interest-bearing instruments) (VP known (NP *) (PP-CLR as (NP mortgage-backed securities)))))))))))))))) .)) (TOP (S (NP-SBJ (NP (QP As much as 10 %) *U*) (PP of (NP (NP new U.S. mortgage securities) (VP issued (NP *) (PP by (NP-LGS (NP (NP the Federal National Mortgage Association) , or (NP Fannie Mae)) , and (NP (NP Federal Home Loan Mortgage Corp.) , or (NP Freddie Mac)) ,)))))) (ADVP-TMP now) (VP flow (PP-DIR into (NP Japanese hands))) .)) (TOP (S (NP-SBJ That) (VP may not (VP come (PP-CLR as (NP (NP a surprise) (PP to (NP (NP Americans) (SBAR (WHNP-176 who) (S (NP-SBJ *T*-176) (VP have (VP watched (S (NP-SBJ the Japanese) (VP snap (PRT up) (NP (NP properties) (PP-LOC in (NP the U.S.)) (PP (PP from (NP golf courses)) (PP to (NP (NP a stake) (PP in (NP Rockefeller Center)))))))))))))))))) .)) (TOP (S But (NP-SBJ it) (VP marks (NP (NP a big change) (PP for (NP (NP the Japanese) , (SBAR (WHNP-177 who) (S (NP-SBJ-1 *T*-177) (VP shunned (NP mortgage securities) (PP-TMP after (S-NOM (NP-SBJ-2 *-1) (VP getting (VP burned (NP *-2) (PP by (NP-LGS (NP a big downturn) (PP-LOC in (NP interest rates)))) (ADVP-TMP (NP a few years) back)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ You) (VP ca n't (VP say (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD (NP a `` tsunami '') (PRN -LRB- (NP tidal wave) -RRB-)))))))) , but (S (NP-SBJ we) (VP 're (VP making (NP some headway))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP (NP Fannie Mae 's) chairman) , (NP David O. Maxwell) , (SBAR (WHNP-178 who) (S (NP-SBJ-3 *T*-178) (VP visits (NP Tokyo) (ADVP-TMP (ADVP at least once) (NP-ADV a year)) (S-PRP (NP-SBJ *-3) (VP to (VP (VP explain (NP *RNR*-4)) and (VP drum (PRT up) (NP (NP investor interest) (PP in (NP *RNR*-4)))) (NP-4 mortgage securities)))))))) .)) (TOP (S `` (NP-SBJ Interest) (VP is (ADJP-PRD (ADJP (NP-ADV a great deal) higher) (SBAR than (S (NP-SBJ it) (VP was (ADJP-PRD *?*) (ADVP-TMP (NP a year) ago)))))) . '')) (TOP (S (NP-SBJ (NP The steady growth) (PP of (NP the mortgage securities market)) (PP-LOC in (NP the U.S.))) (VP has (ADVP even) (VP triggered (NP (NP talk) (PP of (S-NOM (NP-SBJ *) (VP building (PRT up) (NP a similar market) (NP-LOC here))))))) .)) (TOP (S (NP-SBJ (NP Evidence) (PP of (NP (NP the growing Japanese demand) (PP for (NP mortgage securities))))) (VP abounds) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ (NP Blackstone Group) , (NP a New York investment bank) ,) (VP had (NP (NP no trouble) (S-NOM (NP-SBJ *) (VP selling (PRT out) (NP (NP a special (ADJP (QP $ 570 million) *U*) mortgage-securities trust ) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP created (NP *T*-1) (PP for (NP Japanese investors)))))))))) .)) (TOP (S (NP-SBJ (NP Industrial Bank) (PP of (NP Japan)) , (SBAR (WHNP-179 which) (S (NP-SBJ-2 *T*-179) (VP claims (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP the biggest Japanese buyer) (PP of (NP U.S. mortgage securities))))))))) ,) (VP says (SBAR 0 (S (NP-SBJ it) (VP will (ADVP more than) (VP double (NP its purchases) (NP-TMP this year) , (PP-DIR to (NP (NP an amount) (SBAR (WHNP-1 0) (S (NP-SBJ one official) (VP puts (NP *T*-1) (PP-PUT at (NP (QP several billion) dollars)))))))))))) .)) (TOP (S And (NP-SBJ-2 a Fannie Mae seminar) (NP-TMP this week) (VP promises (S (NP-SBJ *-2) (VP to (VP draw (NP (NP hundreds) (PP of (NP prospective investors)) , (SBAR (WHNP-180 who) (S (NP-SBJ-1 *T*-180) (VP can (VP be (VP expected (S (NP-SBJ *-1) (VP to (VP channel (NP (NP tens) (PP of (NP billions)) (PP of (NP dollars))) (PP-DIR into (NP the market)) (PP-TMP in (NP the next few years))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-TMP Last year) , (NP-SBJ there) (VP were (NP-PRD (NP only several big investors) (SBAR (WHNP-181 who) (S (NP-SBJ *T*-181) (VP were (ADJP-PRD interested))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Kinji Kato) , (NP (NP a vice president) (PP-LOC at (NP (NP the international arm) (PP of (NP Nomura Securities Co)))))) .)) (TOP (S `` (NP-TMP This year) , (NP-SBJ some investors) (VP are (VP (VP changing (NP their policies)) and (VP investing (NP a lot)))) . '')) (TOP (S-1 (ADVP-TMP Ultimately) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 strong demand) (VP could (VP help (S (NP-SBJ *-2) (VP to (VP drive (ADVP-DIR down) (NP (NP interest rates) (PP on (NP mortgage securities)))))))) .)) (TOP (S (PP-TMP At (NP the moment)) , (NP-SBJ Nomura) (VP is (NP-PRD (NP the only Japanese institution) (VP authorized (S (NP-SBJ *) (VP to (VP act (PP-CLR as (NP (NP a primary seller) (PP of (NP Fannie Mae instruments)))))))))) .)) (TOP (S But (NP-SBJ other Japanese institutions) (VP say (ADVP privately) (SBAR that (S (NP-SBJ-1 they) (VP are (VP considering (S (NP-SBJ-2 *-1) (VP asking (S (NP-SBJ *-2) (VP to (VP join (NP the 59-dealer selling group))))))))))) .)) (TOP (S (NP-SBJ These securities) (VP are (ADJP-PRD attractive (PP to (NP Japanese investors))) (PP-PRP for (NP three reasons))) .)) (TOP (S (ADVP First) , (NP-SBJ they) (VP are (ADJP-PRD safe)) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 they) (VP are n't (VP backed (NP *-1) (PP by (NP-LGS (NP the full faith and credit) (PP of (NP the U.S. government)))) , (SBAR-ADV as (S (NP-SBJ Treasury bonds) (VP are (VP *?*)))) ,)))) (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP is (ADVP widely) (VP assumed (SBAR-2 that (S (NP-SBJ the government) (VP would (VP support (NP them) (SBAR-ADV if (FRAG (ADJP-PRD necessary))))))))) .)) (TOP (S -LRB- (NP-SBJ U.S. Treasury bonds) (VP are (ADVP still) (NP-PRD (NP the dollar-denominated investment) (PP of (NP choice)) (PP for (NP long-term Japanese investors)))) -RRB- .)) (TOP (S (ADVP Second) , (NP-SBJ they) (VP are (ADJP-PRD liquid)) .)) (TOP (S (NP-SBJ (NP The secondary market) (PP-LOC in (NP federally backed mortgage securities))) (ADVP-TMP now) (VP exceeds (NP (NP (QP $ 900 billion) *U*) , or (NP (NP (QP nearly half)) (PP of (NP (NP the (QP $ 2.2 trillion) *U*) (PP in (NP (NP U.S. residential mortgages) (VP issued (NP *))))))))) .)) (TOP (S (ADVP Third) , (NP-SBJ they) (VP offer (NP high yields)) .)) (TOP (S (PP-TMP At (NP the moment)) , (NP-SBJ some) (VP offer (NP (NP as much) (PP as (NP (QP 1.6 to 1.8) percentage points)) (PP over (NP (NP Treasury securities) (PP of (NP similar maturities)))))) .)) (TOP (S But (NP-SBJ there) (VP is (NP-PRD (NP a risk) , (SBAR (WHNP-182 which) (S (NP-SBJ the Japanese) (VP discovered (NP *T*-182) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (ADVP-TMP first) (VP dipped (NP their toes) (PP-DIR into (NP the market)) (ADVP-TMP (NP (QP nearly five) years) ago) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ-1 most mortgages) (VP can (VP be (VP prepaid or refinanced (NP *-1) (PP-TMP at (NP any time))))))) , (NP-SBJ (NP issuers) (PP of (NP mortgage securities))) (VP retain (NP the right (S (NP-SBJ *) (VP to (VP buy (ADVP-CLR back) (NP their bonds) (PP-TMP before (NP maturity))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP a headache) (PP for (NP long-term investors))) , (SBAR-PRP since (S (NP-SBJ it) (VP forces (S (NP-SBJ them) (VP to (VP reinvest (NP their money) -- (PP-CLR (ADVP-TMP usually) at (NP (NP lower rates) (SBAR than (S (NP-SBJ the original mortgage securities) (VP carried (NP *?*))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (ADVP-TMP (NP (QP Two or three) years) ago) , (NP-SBJ the problem) (VP was (SBAR-PRD that (S (NP-SBJ people) (VP did n't (VP understand (NP the prepayment risk))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Nomura 's) Mr. Kato) .)) (TOP (S `` (ADVP So) (NP-SBJ they) (VP were (ADJP-PRD (ADJP surprised) and (ADJP very disappointed) (PP by (NP prepayment)))) . '')) (TOP (S (S-ADV (NP-SBJ *) (VP Compounding (NP (NP the trouble) (PP to (NP Japanese investors))))) , (NP-SBJ mortgage securities) (VP pay (NP interest) (ADVP-TMP monthly) , (SBAR-PRP since (S (NP-SBJ most mortgages) (VP require (S (NP-SBJ homeowners) (VP to (VP make (NP monthly payments)))))))) .)) (TOP (S But (S (NP-SBJ-167 Japanese institutional investors) (VP are (VP used (NP *-167) (PP-CLR to (NP (NP (ADJP quarterly or semiannual) payments) (PP on (NP their investments))))))) , so (S (NP-SBJ the monthly cash flow) (VP posed (NP administrative problems))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ Japanese investors) (VP steered (ADVP-CLR clear (PP of (NP the mortgage securities)))) .)) (TOP (S But (NP-SBJ they) (VP did n't (VP lose (NP touch) (PP-CLR with (NP the U.S. issuers)))) .)) (TOP (S (PP-TMP Since (NP 1985)) , (NP-SBJ Japanese investors) (VP have (VP bought (NP (NP (NP (QP nearly 80) %) (PP of (NP (QP $ 10 billion) *U*)) (PP in (NP (NP Fannie Mae corporate debt) (VP issued (NP *) (PP-CLR to (NP foreigners)))))) , (NP (NP money) (SBAR (WHNP-183 that) (S (NP-SBJ-1 Fannie Mae) (VP uses (NP *T*-183) (S-CLR (NP-SBJ *-1) (VP to (VP buy (NP mortgages) (PP-CLR from (NP U.S. banks)))))))))))) .)) (TOP (S And (NP-SBJ Japanese investors) (VP took (PRT up) (NP (NP nearly all) (PP of (NP (NP two (ADJP (QP $ 200 million) *U*) Real Estate Mortgage Investment Conduits ) , (NP (NP a kind) (PP of (NP collateralized mortgage obligation))) , (SBAR (WHNP-1 that) (S (NP-SBJ-168 *T*-1) (VP were (VP offered (NP *-168) (PP-DTV to (NP foreigners)) (NP-TMP this year))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP further packaging) (PP of (NP (NP mortgage-backed securities) , (PP such as (NP (NP Blackstone 's) fund)) ,))) (VP (VP have (VP reduced (NP (NP the effects) (PP of (NP prepayment risk))))) and (VP (ADVP-MNR automatically) reinvest (NP monthly payments) (SBAR-PRP so (S (NP-SBJ-1 institutions) (VP do n't (VP have (S (NP-SBJ *-1) (VP to (VP *?*))))))))) .)) (TOP (S (NP-SBJ Freddie Mac) (PP-TMP for (NP years)) (VP has (VP offered (NP (NP a so-called participation certificate) (SBAR (WHNP-184 that) (S (NP-SBJ *T*-184) (VP (VP guarantees (SBAR 0 (S (NP-SBJ-169 it) (VP wo n't (VP be (VP prepaid (NP *-169) (PP-TMP for (NP (NP a set number) (PP of (NP years)))))))))) and (VP offers (NP semiannual payments)))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ (NP (NP Georgia-Pacific 's) bid) (PP for (NP Great Northern Nekoosa))) (VP has (VP shown (SBAR 0 (S *?*)))))) , (NP-SBJ uninvited takeovers) (VP are (ADVP still) (ADJP-PRD alive) (PP despite (NP (NP premature reports) (PP of (NP their demise))))) .)) (TOP (S (ADVP Therefore) , (NP-SBJ-1 (NP the debate) (PP about (NP poison pills))) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP rage (PP-LOC in (NP (NP (NP the boardrooms) (PP of (NP corporations))) and (NP (NP the halls) (PP of (NP academia)))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ poison pills) (VP come (PP-MNR in (NP different colors and shapes))))) , (NP-SBJ they) (ADVP-TMP usually) (VP give (NP current shareholders) (NP the right (S (NP-SBJ *) (VP to (VP buy (NP (NP more stock) (PP of (NP their corporation))) (PP-CLR at (NP a large discount)) (SBAR-ADV (SBAR if (S (NP-SBJ certain events) (VP occur))) -- (PRN (ADVP typically) , (SBAR if (S (NP-SBJ a hostile bidder) (VP acquires (NP (NP more) (PP than (NP (NP a specified percentage) (PP of (NP (NP the corporation 's) stock))))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ-170 these discount purchase rights) (VP may (ADVP generally) (VP be (VP redeemed (NP *-170) (PP-CLR at (NP a nominal cost)) (PP by (NP-LGS (NP the corporation 's) directors)) (SBAR-ADV if (S (NP-SBJ they) (VP approve (PP-CLR of (NP a bidder)))))))) .)) (TOP (S (NP-SBJ (NP Supporters) (PP of (NP poison pills))) (VP argue (SBAR that (S (NP-SBJ their adoption) (VP forces (S (NP-SBJ bidders) (VP to (VP negotiate (PP-CLR with (NP (NP (NP a corporation 's) directors) , (SBAR (WHNP-185 who) (S (NP-SBJ-1 *T*-185) (VP are (ADVP thereby) (VP put (NP *-1) (PP-PUT in (NP (NP a better position) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP pursue (NP (NP the long-term interests) (PP of (NP the corporation))) (ADVP-LOC *T*-2)))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Recent studies) (PP by (NP Georgeson & Co.))) (VP conclude (SBAR that (S (NP-SBJ (NP corporations) (PP with (NP poison pills))) (VP have (VP experienced (NP (NP greater stock-price appreciation) (PP than (NP (NP corporations) (PP without (NP poison pills))))) (PP-TMP during (NP the past few years))))))) .)) (TOP (S (NP-SBJ (NP Critics) (PP of (NP poison pills))) (VP argue (SBAR that (S (NP-SBJ-1 they) (VP harm (NP shareholders) (PP-MNR (PP by (S-NOM (NP-SBJ *-1) (VP letting (S (NP-SBJ corporate management) (VP defeat (NP (NP takeover bids) (PP at (NP premium prices)))))))) and (PP by (S-NOM (NP-SBJ *-1) (VP deterring (NP-2 premium bids) (PP-CLR from (S-NOM (NP-SBJ-171 *-2) (ADVP-TMP ever) (VP being (VP made (NP *-171) (PP-DTV to (NP shareholders)))))))))))))) .)) (TOP (S (NP-SBJ-172 These critics) (VP are (VP backed (NP *-172) (PP by (NP-LGS (NP several academic studies) (VP showing (SBAR that (S (NP-SBJ (NP the adoption) (PP of (NP poison pills))) (VP reduces (NP shareholder values) (PP-TMP (CONJP not merely) (PP in (NP the short run)) , (CONJP but also) (PP over (NP longer periods))))))))))) .)) (TOP (S (NP-SBJ (NP Institutional investors) (SBAR (WHNP-186 that) (S (NP-SBJ *T*-186) (VP must (VP evaluate (NP poison pills) (PP-TMP on (NP a regular basis))))))) (VP are (VP interested (ADVP (ADVP less) (PP *ICH*-1)) (PP-CLR in (NP this general debate)) (PP-1 than (PP in (NP (NP the answers) (PP to (NP (NP specific questions) (PP about (NP (NP the corporation) (VP issuing (NP the pill))))))))))) .)) (TOP (SQ Does (NP-SBJ this corporation) (VP have (NP (NP a high-quality management team) (PP with (NP a good track record)))) ?)) (TOP (SQ (SQ Does (NP-SBJ this team) (VP have (NP (NP a viable strategy) (PP for (S-NOM (NP-SBJ *) (VP improving (NP shareholder values))))))) , and (SQ does (NP-SBJ this strategy) (VP require (NP implementation) (PP-TMP over (NP an extended period)))) ?)) (TOP (SQ Will (NP-SBJ (NP the adoption) (PP of (NP (NP this particular form) (PP of (NP a poison pill))))) (VP (ADVP-MNR significantly) improve (NP the chances (SBAR for (S (NP-SBJ management) (VP to (VP carry (PRT out) (NP this strategy))))))) ?)) (TOP (S (SBAR-ADV If (S (NP-SBJ (NP the answers) (PP to (NP these questions))) (VP are (ADJP-PRD affirmative)))) , (ADVP then) (NP-SBJ-1 institutional investors) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD favorably disposed (PP toward (NP a specific poison pill)))))))) .)) (TOP (S (ADVP However) , (NP-SBJ the problem) (VP is (SBAR-PRD that (S (SBAR-TMP once (S (NP-SBJ-173 most poison pills) (VP are (VP adopted (NP *-173))))) , (NP-SBJ they) (VP survive (ADVP-TMP forever))))) .)) (TOP (SBARQ (SBAR-ADV Although (S (NP-SBJ the current management team) (VP may (VP be (ADJP-PRD outstanding))))) , (WHNP-187 who) (SQ will (NP-SBJ *T*-187) (VP be (NP-PRD the CEO) (PP-TMP in (NP 10 years)))) ?)) (TOP (SBARQ (SBAR-ADV Although (S (NP-SBJ the five-year strategy) (VP may (VP be (ADJP-PRD excellent))))) , (WHNP-188 what) (SQ will (NP-SBJ *T*-188) (VP be (NP-PRD the strategy) (PP-TMP in (NP 25 years)))) ?)) (TOP (S (NP-SBJ (NP The solution) (PP to (NP this problem))) (VP is (NP-PRD a time-limited poison pill)) .)) (TOP (S (NP-SBJ The limit) (VP could (VP range (PP-CLR (PP from (NP three years)) (PP to (NP seven years))) , (PP depending (PP on (NP (NP (NP the composition) (PP of (NP the management team))) and (NP (NP the nature) (PP of (NP its strategic plan)))))))) .)) (TOP (S (PP-TMP At (NP (NP the end) (PP of (NP this period)))) , (NP-SBJ-174 the poison pill) (VP would (VP be (VP eliminated (NP *-174) (ADVP-MNR automatically) , (SBAR-ADV unless (S (NP-SBJ-175 a new poison pill) (VP were (VP approved (NP *-175) (PP by (NP-LGS (NP the then-current shareholders) , (SBAR (WHNP-189 who) (S (NP-SBJ *T*-189) (VP would (VP have (NP an opportunity (S (NP-SBJ *) (VP to (VP evaluate (NP (NP the corporation 's) strategy and management team))))) (PP-TMP at (NP that time))))))))))))))) .)) (TOP (S (NP-SBJ (NP One rare example) (PP of (NP a time-limited poison pill))) (VP is (NP-PRD (NP the shareholder rights plan) (VP adopted (NP *) (PP by (NP-LGS Pennzoil)) (NP-TMP last year) (SBAR-TMP after (S (NP-SBJ it) (VP received (NP a huge litigation settlement) (PP-CLR from (NP Texaco)))))))) .)) (TOP (S (NP-SBJ (NP Pennzoil 's) poison pill) (VP covers (NP five years) (SBAR-PRP in order (S (NP-SBJ *) (VP to (VP give (NP current management) (NP (NP enough time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP put (NP these proceeds) (PP-CLR to (NP work)) (PP-MNR in (NP a prudent manner)) (ADVP-MNR *T*-1))))))))))) .)) (TOP (S (NP-SBJ Another interesting example) (VP is (NP-PRD (NP the poison pill) (VP adopted (NP *) (ADVP-TMP recently) (PP by (NP-LGS (NP Pittsburgh-based National Intergroup Inc.) , (NP a diversified holding company)))))) .)) (TOP (S (NP-SBJ-1 (NP The (NAC State (PP of (NP Wisconsin))) Investment Board) , (SBAR (WHNP-190 which) (S (NP-SBJ *T*-190) (VP owned (NP (NP (QP about 7) %) (PP of (NP (NP the company 's) voting stock)))))) ,) (VP worked (PP with (NP management)) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP devise (NP a time-limited poison pill))))) .)) (TOP (S (NP-SBJ-1 This pill) (VP (ADVP automatically) expires (PP-TMP after (NP three years)) (SBAR-ADV unless (S (NP-SBJ-2 *-1) (VP continued (NP *-2) (PP by (NP-LGS (NP a vote) (PP of (NP the shareholders)))))))) .)) (TOP (S (NP-SBJ (NP The attitude) (PP of (NP the Wisconsin Investment Board))) (VP reflects (NP (NP a growing receptivity) (PP to (NP time-limited poison pills)) (PP on (NP (NP the part) (PP of (NP institutional investors))))) , (SBAR-ADV as (S (NP-SBJ-1 *) (VP shown (NP *-1) (PP by (NP-LGS (NP (NP the discussions) (PP-LOC at (NP (NP recent meetings) (PP of (NP (NP the Council) (PP of (NP Institutional Investors))))))) and (NP (NP my informal survey) (PP of (NP (NP several retirement plans) (PP with (NP large stock positions))))))))))) .)) (TOP (S (NP-SBJ (NP (ADJP More widespread) time limits) (PP on (NP poison pills))) (VP would (VP allow (S (NP-SBJ shareholders) (VP to (VP evaluate (NP a specific poison pill) (PP within (NP (NP the context) (PP of (NP (NP a specific management team 's) strategy))))))))) .)) (TOP (S (NP-SBJ-1 Such concrete analysis) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP lead (PP-DIR to (NP (NP (ADJP more fruitful) dialogue) (PP between (NP management and shareholders)) (PP than (NP (NP the abstract debate) (PP about (NP poison pills))))))))))) .)) (TOP (S (NP-SBJ Mr. Pozen) (VP is (NP-PRD (NP (NP the general counsel) and (NP a managing director)) (PP of (NP (NP Fidelity Investments) (PP-LOC in (NP Boston)))))) .)) (TOP (S (NP-SBJ-2 (NP Michael Blair) , (NP (NP former (NX (NX president) and (NX chief executive officer))) (PP of (NP Enfield Corp.))) ,) (VP failed (S (NP-SBJ *-2) (VP to (VP win (NP (NP election) (PP to (NP (NP the company 's) board))) (PP-LOC at (NP a special shareholder meeting)))))) .)) (TOP (S (NP-SBJ Mr. Blair) (VP said (PP-TMP after (NP the meeting)) (SBAR that (S (NP-SBJ he) (VP had (VP (VP filed (NP (NP separate lawsuits) (PP *ICH*-1) (PP *ICH*-2)) (PP-LOC in (NP the Ontario Supreme Court)) (PP-1 for (NP unjust dismissal)) (PP-2 against (NP Enfield))) and (VP (PP=1 for (NP libel)) (PP=2 against (NP (NP (NP its largest shareholder) , (NP Canadian Express Ltd.) ,) and (NP (NP two executives) (PP of (NP (NP Hees International Bancorp Inc.) , (SBAR (WHNP-191 which) (S (NP-SBJ *T*-191) (VP controls (NP Canadian Express))))))))))))))) .)) (TOP (S (NP-SBJ (NP Holders) (PP-LOC at (NP the meeting))) (VP elected (NP (NP a full slate) (PP of (NP Canadian Express nominees))) (PP-CLR to (NP (NP Enfield 's) 11-member board))) .)) (TOP (S (NP-SBJ (NP Mr. Blair) and (NP Hees)) (VP have (VP been (VP feuding (PP-TMP for (NP months))))) .)) (TOP (S (NP-SBJ (NP Yesterday 's) election) (VP was (NP-PRD (NP a sequel) (PP to (NP (NP (NP Enfield 's) annual meeting) (PP-TMP in (NP June)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Mr. Blair) (VP disallowed (NP proxies) (PP-CLR in (NP (NP favor) (PP of (NP two Hees nominees)))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ The Ontario Supreme Court) (VP overturned (NP (NP Mr. Blair 's) decision)) .)) (TOP (S (NP-SBJ-1 He) (ADVP-TMP later) (VP resigned (PP-CLR from (NP (NP his executive positions) (PP with (NP Enfield)))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR that (S (NP-SBJ (NP actions) (PP by (NP its board))) `` (VP amounted (PP-CLR to (NP -LCB- my -RCB- dismissal)))))))) . '')) (TOP (S (NP-SBJ Mr. Blair) (VP said (SBAR 0 (S (NP-SBJ his libel suit) (VP seeks (NP (NP (QP 10 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 8.5 million) *U*) -RRB-)) (PP-CLR from (NP (NP Canadian Express) and (NP Hees executives Manfred Walt and Willard L'Heureux))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP his suit) (PP against (NP Enfield))) (VP seeks (NP (NP two years severance pay) , (ADJP equivalent (PP to (NP C$ 720,000 *U*)))))))) .)) (TOP (S (NP-SBJ-176 Hees and Canadian Express executives) (VP could n't (VP be (VP reached (NP *-176) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-SBJ Enfield) (VP is (NP-PRD (NP a holding company) (PP with (NP (NP interests) (PP in (NP manufacturing concerns)))))) .)) (TOP (S (NP-SBJ-1 It) (VP is (VP (NP-ADV 38.5 %) owned (NP *-1) (PP by (NP-LGS (NP Canadian Express) , (NP another holding company))))) .)) (TOP (S (NP-SBJ Hees) (VP is (NP-PRD (NP a merchant bank) (VP controlled (NP *) (PP by (NP-LGS Toronto financiers Peter and Edward Bronfman))))) .)) (TOP (S (NP-SBJ-1 All the concerns) (VP are (VP based (NP *-1) (PP-LOC-CLR in (NP Toronto)))) .)) (TOP (S (S (S-NOM-SBJ (NP-SBJ *) (VP Buying (NP (NP 51 %) (PP of (NP Rockefeller Group Inc.))))) (VP is (PP-PRD (ADVP right) up (NP (NP Mitsubishi Estate Co. 's) alley)) (PP in (NP one sense)))) : (S (NP-SBJ The huge Japanese real estate company) (VP is (VP entering (NP (NP a long-term relationship) (PP with (NP (NP a (ADJP similarly conservative) U.S. owner) (PP of (NP tony urban property)))))))) .)) (TOP (S (S-TPC-1 But (PP in (NP another sense)) , (NP-SBJ the (ADJP (QP $ 846 million) *U*) purchase ) (VP is (ADJP-PRD uncharacteristically nervy))) , (NP-SBJ industry analysts) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The (ADJP usually cautious) giant) (VP will (VP become (NP-PRD (NP the majority owner) (PP of (NP (NP the company) (SBAR (WHNP-192 that) (S (NP-SBJ *T*-192) (VP owns (NP (NP New York 's) beloved Rockefeller Center))))))) (PP-TMP at (NP (NP a time) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP tensions) (PP over (NP (NP Japanese purchases) (PP of (NP U.S. property))))) (VP are (PP-LOC-PRD at (NP an all-time high)) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ-1 (NP Officials) (PP of (NP (NP Rockefeller Group) and (NP Mitsubishi Estate)))) (VP prefer (S (NP-SBJ *-1) (VP to (VP focus (PP-CLR on (NP the affinities))))) , (S-ADV (NP-SBJ *-1) (VP (ADVP nearly) dismissing (NP (NP the threat) (PP of (NP (NP a backlash) (PP from (NP the U.S. public)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ there) (VP will (VP be (NP-PRD (ADJP positive (CONJP as well as) negative) reactions))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP-SBJ Raymond Pettit) , (NP (NP (NP senior vice president) and (NP chief financial officer)) (PP of (NP Rockefeller Group)))) .)) (TOP (S `` (PP On (NP balance)) , (NP-SBJ we) (VP think (SBAR 0 (S (NP-SBJ it) (VP will (VP be (ADJP-PRD positive)))))) . '')) (TOP (S But (NP-SBJ some Japanese government officials and businessmen) (VP worry (SBAR that (S (NP-SBJ the prominent purchase) (VP is (NP-PRD (NP just the sort) (PP of (NP deal)) (SBAR (WHNP-1 that) (S (NP-SBJ-178 *T*-1) (VP should (VP be (VP avoided (NP *-178) (PP-TMP for (NP the time being)))))))))))) .)) (TOP (S (PP In (ADJP particular)) , (NP-SBJ they) (VP criticize (NP the timing) , (S-ADV (NP-SBJ *) (VP coming (SBAR-ADV as (S (NP-SBJ it) (VP does (VP *?*)))) (PP-LOC on (NP (NP the heels) (PP of (NP (NP (NP Sony Corp. 's) controversial purchase) (PP of (NP Columbia Pictures Entertainment Inc))))))))) .)) (TOP (SINV `` (S-TPC-1 (ADVP Officially) , (INTJ yes) , (NP-SBJ we) (VP encourage (NP (NP the free flow) (PP of (NP direct investment))))) , '' (VP says (S *T*-1)) (NP-SBJ a Foreign Ministry official) .)) (TOP (S `` But (NP-SBJ-1 they) (VP did n't (VP have (S (NP-SBJ *-1) (VP to (VP choose (NP this particular moment)))))) . '')) (TOP (S (PP-TMP During (NP the past year)) , (NP-SBJ (NP government officials) and (NP leading business organizations)) (VP have (VP (ADVP repeatedly) urged (NP-1 Japanese companies) (S (NP-SBJ *-1) (VP to (VP refrain (PP-CLR from (NP (NP flashy real estate purchases) (PP in (NP the))))))))))) (TOP (S (PP-TMP Since (NP the mid-1980s)) , (NP-SBJ (NP (NP Japan 's) other major real estate purchases) (PP-LOC in (NP the U.S.))) (VP include (NP (NP (NP (NP Dai-Ichi Seimei America Corp. 's) (ADJP (QP $ 670 million) *U*) purchase) (PP of (NP (NP an office building) (PP-LOC at (NP (NP 153 East 53rd St.) (PP-LOC in (NP Manhattan)))))) (PP-TMP in (NP 1987))) and (NP (NP (NP Mitsui Fudosan Inc. 's) (ADJP (QP $ 610 million) *U*) purchase) (PP of (NP (NP the Exxon Building) , (NP (NP part) (PP of (NP Rockefeller Center))) ,)) (PP-TMP in (NP 1986))))) .)) (TOP (S (PP-LOC In (NP Los Angeles)) , (S (NP-SBJ-179 Arco Plaza) (VP was (VP sold (NP *-179) (PP-CLR to (NP Shuwa Corp.)) (PP-CLR for (NP (QP $ 620 million) *U*)) (PP-TMP in (NP 1986))))) , and (S (NP-SBJ Sumitomo Life Insurance Co.) (VP paid (NP (QP $ 300 million) *U*) (PP-CLR for (NP (NP Atlanta 's) IBM Tower)) (NP-TMP last year))) .)) (TOP (S (ADVP Altogether) , (NP-SBJ (NP annual Japanese investment) (PP-LOC in (NP U.S. commercial real estate))) (VP grew (PP-DIR from (NP (QP about $ 1.3 billion) *U*) (PP-TMP in (NP 1985))) (PP-DIR to (NP (QP about $ 7.1 billion) *U*) (PP-TMP in (NP 1988)))) .)) (TOP (S (NP-SBJ Many Japanese companies) (VP have (VP (VP taken (NP (NP the warnings) (PP by (NP (NP the country 's) leaders))) (PP-CLR to (NP heart))) and (VP sought (NP (NP development partnerships) (CONJP rather than) (NP landmark properties))))) .)) (TOP (S (NP-SBJ Critics) (VP say (SBAR 0 (S (NP-SBJ (NP Mitsubishi Estate 's) decision (S (NP-SBJ *) (VP to (VP buy (PP-CLR into (NP Rockefeller)))))) (VP reflects (NP (NP the degree) (SBAR (WHPP-1 to (WHNP which)) (S (NP-SBJ-2 companies) (VP are (VP irritated (NP *-2) (PP by (NP-LGS the pressure (S (NP-SBJ *) (VP to (VP act (PP for (NP (NP the good) (PP of (NP Japan))))))))) (PP *T*-1)))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ (NP Those) (SBAR (WHNP-1 who) (S (S (NP-SBJ *T*-1) (VP have (NP no money))) and (S (NP-SBJ *T*-1) (VP are n't (VP buying)))))) (VP think (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-3)) (VP 's (ADJP-PRD right) (S-3 (NP-SBJ *) (VP to (VP refrain)))))))) , but (S (NP-SBJ (NP those) (PP with (NP money)) (SBAR (WHNP-193 who) (S (NP-SBJ-4 *T*-193) (VP want (S (NP-SBJ *-4) (VP to (VP buy (PP for (NP themselves))))))))) (VP pay (NP no attention)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP an official) (PP of (NP the Japan-U.S . Business Council))) .)) (TOP (S But (PP to (NP Mitsubishi Estate)) , (NP-SBJ the acquisition) (VP has (NP (NP just the elements) (SBAR (WHNP-194 that) (S (NP-SBJ *T*-194) (VP should (VP win (NP support) (PP-CLR from (NP both sides)))))))) .)) (TOP (S (ADVP First (PP of (NP all))) , (NP-SBJ it) (VP is (NP-PRD (NP a friendly acquisition) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ Rockefeller) (VP (VP sought (PRT out) (NP Mitsubishi Estate)) and (VP asked (NP-2 it) (S (NP-SBJ *-2) (VP to (VP buy (NP a majority share))))) (PP-LOC *T*-1)))))) .)) (TOP (S (ADVP Secondly) , (NP-SBJ-1 the two companies) (VP (VP found (NP (NP a similarity) (PP-LOC in (NP their business and development philosophies)))) and (VP intend (S (NP-SBJ *-1) (VP to (VP cooperate (PP-LOC in (NP (NP a range) (PP of (NP activities)) (PP (PP from (NP real estate)) (PP to (NP telecommunications)))))))))) .)) (TOP (S (ADVP Finally) , (NP-SBJ Mitsubishi Estate) (VP has (NP no plans (S (NP-SBJ-1 *) (VP to (VP interfere (PP-CLR with (NP (NP Rockefeller 's) management)) (PP beyond (S-NOM (NP-SBJ *-1) (VP taking (NP (NP a place) (PP-LOC on (NP the board))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ-2 We) (VP 'll (VP continue (S (NP-SBJ *-2) (VP to (VP work (PP with (NP them)) , (PP in (NP (NP keeping) (PP with (NP (NP the reputation) (PP of (NP the company)))))))))))) , and (S (NP-SBJ we) (VP 'll (VP rely (ADVP very much) (PP-CLR on (NP their leadership)))))) , '' (VP says (S *T*-1)) (NP-SBJ Mitsubishi Estate President Jotaro Takagi) .)) (TOP (S (NP-SBJ Rockefeller) (VP may (ADVP well) (VP have (VP found (NP its match) (PP-LOC-CLR in (NP (NP Mitsubishi Estate) , (NP (NP a company) (PP of (NP (NP long history) , (NP strong government ties) and (NP sound resources))))))))) .)) (TOP (S (PP In (NP asset terms)) , (NP-SBJ Mitsubishi Estate) (VP is (NP-PRD (NP the largest real estate firm) (PP-LOC in (NP Japan)))) .)) (TOP (S (NP-SBJ (NP The core) (PP of (NP its holdings))) (VP is (NP-PRD (NP 190,000 square meters) (PP of (NP (NP (ADJP incredibly expensive) property) (PP-LOC in (NP (NP the Marunouchi district) , (NP (NP the business and financial center) (PP of (NP Tokyo))) , (VP (ADVP-TMP often) (ADVP-MNR jokingly) called (S (NP-SBJ *) `` (NP-PRD Mitsubishi Village))))))))) . '')) (TOP (S (NP-SBJ The Mitsubishi family company) (VP acquired (NP that property) (PP-CLR from (NP the government)) (ADVP-TMP (NP (QP some 100) years) ago) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP was (NP-PRD (NP a portion) (PP of (NP (NP samurai residential land) (VP running (PP-DIR from (NP (NP the moat) (PP of (NP the Imperial Palace)))) (ADVP-DIR east) (PP-DIR toward (NP (NP the hodgepodge) (PP of (NP (NP tiny shops) and (NP twisted alleys))) (SBAR (WHNP-195 that) (S (NP-SBJ *T*-195) (VP made (PRT up) (NP (NP the merchants ') district)))))))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (PP-TMP At (NP the time)) , (NP-SBJ Japan) (VP (VP had (VP (ADVP just) opened (NP its doors) (PP-CLR to (NP the world)) (PP-TMP after (NP (NP (QP about 250) years) (PP of (NP isolation)))))) and (VP needed (NP a Western-style business center))) .)) (TOP (S-1 (NP-SBJ Mitsubishi) (VP built (NP (NP the government 's) dream development) (PRN , (S (NP-SBJ the story) (VP goes (SBAR 0 (S *T*-1)))) ,) (PP in (NP (NP exchange) (PP for (NP the official decision (S (NP-SBJ *) (VP to (VP locate (NP (NP Tokyo 's) central railway station) (ADVP-LOC-CLR there))))))))) .)) (TOP (S (NP-SBJ That) (VP was (NP-PRD (NP just an early step) (PP in (NP (NP a relationship) (PP with (NP government)) (SBAR (WHNP-196 that) (S (NP-SBJ *T*-196) (VP has (VP earned (NP the Mitsubishi group) (NP (NP the dubious moniker) (PP of (NP `` (NP seisho) , '' (PRN (ADVP literally) (NP government-business) ,) (NP (NP a title) (SBAR (WHNP-197 that) (S (NP-SBJ *T*-197) (VP (VP has (NP (NP the pejorative connotation) (PP of (S-NOM (NP-SBJ *) (VP doing (NP (NP the government 's) bidding)))))) , but (VP (ADVP also) suggests (NP (NP the clout) (ADJP inherent (PP in (S-NOM (NP-SBJ *) (VP maintaining (NP such close ties)))))))))))))))))))))) .)) (TOP (S (NP-SBJ Mitsubishi Estate) (VP is (NP-PRD (NP one) (PP of (NP (NP the dozens) (PP of (NP (NP companies) (PP-LOC in (NP (NP today 's) Mitsubishi group)))))))) .)) (TOP (S (S (NP-SBJ-1 It) (VP 's (VP known (NP *-1) (PP-LOC for (NP its cautiousness)) (PP in (NP part)) (SBAR-PRP because (S (NP-SBJ it) (VP has (VP had (NP (NP little need) (PP for (NP bold overseas ventures)))))))))) : (S (PP-TMP In (NP (NP the year) (VP ended (NP-TMP March 31)))) , (NP-SBJ (NP 57.4 %) (PP of (NP its total revenue))) (VP came (PP-DIR from (NP office building management)))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Its earnings) (VP can (VP rise (NP-EXT (QP 10 % to 12 %) *U*) (ADVP-TMP annually) (PP (ADVP simply) from (NP (NP (NP the natural turnover) (PP of (NP tenants))) and (NP automatic rent increases)))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Graeme McDonald) , (NP (NP an industry analyst) (PP-LOC at (NP James Capel Pacific Ltd)))) .)) (TOP (S (PP-TMP For (NP the latest fiscal year)) , (NP-SBJ (NP the company 's) net income) (VP jumped (NP-EXT a robust 19 %) (PP-DIR to (NP (NP (QP 35.5 billion) yen) (PRN -LRB- (NP (QP $ 250.2 million) *U*) -RRB-)))) .)) (TOP (S (PP For (NP Mitsubishi Estate)) , (NP-SBJ the Rockefeller purchase) (VP will (VP catapult (NP it) (ADVP-MNR firmly) (PP-DIR into (NP (NP the overseas real estate business) , (NP (NP the one area) (SBAR (WHADVP-1 where) (S (NP-SBJ it) (VP has (VP lagged (PP-LOC-CLR (ADVP notably) behind (NP (NP Japanese competitors) (PP such as (NP (NP Mitsui) , (SBAR (WHNP-198 which) (S (NP-SBJ *T*-198) (VP had (VP purchased (NP the Exxon Building))))))))) (ADVP-LOC *T*-1)))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 Japanese companies) (VP need (S (NP-SBJ *-1) (VP to (VP invest (PP-CLR in (NP overseas real estate)) (PP-PRP for (NP diversification))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Yoshio Shima) , (NP (NP an industry analyst) (PP-LOC at (NP Goldman Sachs (PRN -LRB- (NP-LOC Japan) -RRB-) Corp)))) .)) (TOP (S (S (NP-SBJ Rockefeller) (VP is n't (NP-PRD (NP the first overseas purchase) (PP for (NP Mitsubishi Estate))))) -- (S (NP-SBJ it) (VP has (ADVP already) (VP played (NP (NP a leading role) (PP-LOC in (S-NOM (NP-SBJ *) (VP designing (NP (NP Los Angeles 's) Citicorp Plaza)))))))) .)) (TOP (S But (NP-SBJ the Rockefeller investment) (VP is (NP-PRD its largest)) .)) (TOP (S (S-TPC-1 (ADVP Nonetheless) , (NP-SBJ it) (VP will (ADVP barely) (VP make (NP a dent) (PP-CLR in (NP (NP Mitsubishi Estate 's) finances))))) , (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ Mitsubishi Estate) (VP has n't (VP decided (SBAR (WHADVP-1 how) (S (NP-SBJ it) (VP will (VP raise (NP (NP the funds) (PP for (NP the purchase)) , (SBAR (WHNP-199 which) (S (NP-SBJ *T*-199) (VP are (ADJP-PRD due (PP in (NP cash)) (NP-TMP next April)))))) (ADVP-MNR *T*-1)))))))) , but (S (NP-SBJ-2 (NP the Marunouchi holdings) (ADVP alone)) (VP are (VP estimated (S (NP-SBJ *-2) (VP to (VP have (NP (NP a market value) (PP of (NP (NP (QP as much as 10 trillion) yen) (PP to (NP (QP 11 trillion) yen))))))))))) .)) (TOP (S (ADVP Moreover) , (PP as (NP (NP a member) (PP of (NP (NP the Mitsubishi group) , (SBAR (WHNP-1 which) (S (NP-SBJ-180 *T*-1) (VP is (VP headed (NP *-180) (PP by (NP-LGS (NP one) (PP of (NP (NP Japan 's) largest banks)))))))))))) , (NP-SBJ (NP it) (S *EXP*-2)) (VP is (ADJP-PRD sure) (S-2 (NP-SBJ *) (VP to (VP win (NP a favorable loan))))) .)) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ the company) (ADVP also) (VP could (VP (ADVP-MNR easily) issue (NP new convertible bonds or warrants)))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (PP-LOC at (NP home)) , (NP-SBJ Mitsubishi) (VP has (NP (NP control) (PP of (NP some major projects)))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP the largest private-sector landowner) (PP of (NP (NP the Minato-Mirai 21 project) , (NP (NP a multibillion-yen development) (PP-LOC in (NP (NP the port city) (PP of (NP Yokohama)) , (PP-LOC (NP-ADV about an hour) outside (NP Tokyo))))))))) .)) (TOP (S (NP-SBJ The project) (VP is (NP-PRD (NP one) (PP of (NP (NP a select group) (PP of (NP (NP public projects) opened (NP *) (PP-CLR to (NP U.S. firms)) (PP-LOC under (NP (NP a U.S.-Japan construction trade agreement) (VP reached (NP *) (NP-TMP last year)))))))))) .)) (TOP (S (NP-SBJ (NP (NP The centerpiece) (PP of (NP that complex))) , (NP the Landmark Tower) ,) (VP will (VP be (NP-PRD (NP Japan 's) tallest building) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-181 it) (VP is (VP completed (NP *-181) (PP-TMP in (NP 1993)) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ Mitsubishi) (VP is (ADVP also) (VP pushing (PRT ahead) (PP-CLR with (NP (NP a controversial plan (S (NP-SBJ *) (VP to (VP redevelop (NP Marunouchi) (PP-CLR into (NP (NP a business center) (PP of (NP high-tech buildings)))))))) , (NP (NP a project) (VP budgeted (NP *) (PP-CLR for (NP (NP 30 years) and (NP (QP six trillion) yen))))))))) .)) (TOP (S (S (NP-SBJ (NP Time Warner Inc.) and (NP Sony Corp.)) (VP may (VP be (NP-PRD (NP today 's) public enemies)))) , but (S (NP-SBJ-1 the two entertainment giants) (VP could (VP end (PRT up) (S (NP-SBJ *-1) (VP becoming (NP-PRD (NP partners) (PP in (NP (NP a number) (PP of (NP ventures))))) (PP as (NP (NP part) (PP of (NP (NP a settlement) (PP of (NP (NP their acrimonious legal dispute) (PP over (NP Hollywood producers Peter Guber and Jon Peters))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The Warner Bros. studio) and (NP Sony)) (VP signaled (SBAR 0 (S (NP-SBJ they) (VP are (ADVP-LOC-PRD close (PP to (NP a settlement)))))) (NP-TMP yesterday) , (S-ADV (NP-SBJ *-1) (VP asking (NP-2 a Los Angeles Superior Court) (S (NP-SBJ *-2) (VP to (VP postpone (NP (NP a hearing) (VP scheduled (NP *) (PP-CLR for (NP tomorrow))) (PP on (NP (NP (NP Warner 's) request) (PP for (NP (NP a preliminary injunction) (VP blocking (NP-3 (NP Mr. Guber) and (NP Mr. Peters)) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP taking (NP (NP the top posts) (PP-LOC at (NP Columbia Pictures Entertainment Inc)))))))))))))))))) .)) (TOP (S (PP-LOC In (NP separate statements)) , (NP-SBJ the two sides) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP want (S (NP-SBJ *-1) (VP to (VP have `` (NP further discussions)))))))) . '')) (TOP (S (NP-SBJ Sony) (VP is (VP acquiring (NP (NP Columbia) and (NP Guber-Peters Entertainment Co.)) (PP-LOC in (NP (NP two separate transactions) (VP valued (NP *) (PP-CLR at (NP (QP more than $ 5 billion) *U*))))))) .)) (TOP (S (NP-SBJ (NP Warner Communications Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ-182 *T*-1) (VP is (VP being (VP acquired (NP *-182) (PP by (NP-LGS Time Warner))))))) ,) (VP has (VP filed (NP a (ADJP (QP $ 1 billion) *U*) breach-of-contract suit ) (PP-CLR against (NP (NP Sony) and (NP the two producers))))) .)) (TOP (S (NP-SBJ Warner) (VP has (NP (NP a five-year exclusive contract) (PP with (NP (NP Mr. Guber) and (NP Mr. Peters))) (SBAR (WHNP-200 that) (S (NP-SBJ *T*-200) (VP requires (S (NP-SBJ them) (VP to (VP make (NP movies) (PP-LOC (ADVP exclusively) at (NP the Warner Bros. studio)))))))))) .)) (TOP (S (S (NP-SBJ (NP The two sides) (PP-LOC in (NP the legal battle))) (VP have (VP hurled (NP (NP accusations) (PP of (NP duplicity))) (PP-DIR at (NP each other)) (PP-TMP for (NP weeks))))) , and (S (NP-SBJ both Warner and Sony) (VP have (VP accused (NP-1 each other) (PP-CLR of (S-NOM (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP sabotage (NP (NP (NP each other 's) prospects) (PP for (NP (NP success) (PP-LOC in (NP the entertainment business)))))))))))))) .)) (TOP (S (S But (NP-SBJ it) (VP may (VP amount (PP-CLR to (NP (NP little more) (PP than (NP posturing))))))) ; (S (S (NP-SBJ the two) (VP have (VP continued (NP on-again , off-again settlement talks) (PP-TMP over (NP the last few weeks))))) , and (S (NP-SBJ (NP people) (ADJP familiar (PP with (NP the talks)))) (VP say (SBAR 0 (S (NP-SBJ-183 the matter) (VP could (VP be (VP resolved (NP *-183) (PP-TMP within (NP a week)))))))))) .)) (TOP (S (NP-SBJ-1 Both Warner and Sony) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP (NP the terms) (PP of (NP the settlement discussions)))))))) .)) (TOP (S But (NP-SBJ (NP the people) (ADJP familiar (PP with (NP the talks)))) (VP said (SBAR that (S (NP-SBJ-1 Warner) (VP is n't (VP expected (S (NP-SBJ *-1) (VP to (VP get (NP any cash) (PP-LOC in (NP the settlement)))))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ-1 Sony) (VP is (ADJP-PRD likely (S (NP-SBJ-2 *-1) (VP to (VP agree (S (NP-SBJ *-2) (VP to (VP let (S (NP-SBJ Warner) (VP participate (PP-LOC-CLR in (NP (NP certain) (PP of (NP its businesses)) , (PP such as (NP (NP the record club) (PP of (NP (NP Sony 's) CBS Records unit)))))))))))))))) .)) (TOP (S (S (NP-SBJ Warner) (VP has (VP surpassed (NP Sony) (PP as (NP the largest record company))))) , but (S (NP-SBJ it) (VP does n't (VP have (NP (NP a powerful world-wide record club) (PP like (NP CBS)))))) .)) (TOP (S (NP-SBJ The two sides) (VP are (ADVP also) (VP discussing (NP (NP certain business ventures) (VP involving (NP (NP cable rights) (PP to (NP (NP Columbia 's) movies))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 Sony) (VP is (VP expected (S (NP-SBJ-2 *-1) (VP to (VP agree (S (NP-SBJ *-2) (VP to (VP swap (NP (NP (NP Columbia 's) (ADJP 35 %) stake) (PP in (NP (NP the sprawling (NAC-LOC Burbank , Calif. ,) studio) (SBAR (WHNP-3 that) (S (NP-SBJ Warner and Columbia) (VP share (NP *T*-3))))))) , (PP in (NP (NP exchange) (PP for (NP (NP the old MGM studio lot) (SBAR (WHNP-201 that) (S (NP-SBJ Warner) (VP acquired (NP *T*-201) (PP with (NP (NP the purchase) (PP of (NP Lorimar Telepictures Corp))))))))))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP may (VP be (ADJP-PRD tough) (SBAR-2 for (S (NP-SBJ the two) (VP to (VP have (NP (NP a smooth partnership) (PP-LOC in (NP anything))))))) , (PP-LOC in (NP (NP the wake) (PP of (NP (NP sworn affidavits) (VP filed (NP *) (PP-TMP over (NP the last week))))))))) .)) (TOP (S (NP-SBJ One) , (PP for (NP example)) , (VP came (PP-DIR from (NP (NP CBS Records Chairman Walter Yetnikoff) , (SBAR (WHNP-202 who) (S (NP-SBJ *T*-202) (VP will (VP head (NP (NP a committee) (SBAR (WHNP-203 that) (S (NP-SBJ *T*-203) (VP will (VP oversee (NP (NP (NP Sony 's) entertainment division) , (PP including (NP both records and movies))))))))))))))) .)) (TOP (S (PP-LOC In (NP his affidavit)) , (NP-SBJ Mr. Yetnikoff) (VP (VP accused (NP-2 Warner Chairman Steven J. Ross) (PP-CLR of (S-NOM (NP-SBJ *-2) (VP having (NP an `` antiSony , anti-Japanese bias ''))))) and (VP said (SBAR that (S (NP-SBJ-1 Mr. Ross) (VP had (VP tried (S (NP-SBJ *-1) (VP to (VP talk (NP-3 him) (PP-CLR out (PP of (S-NOM (NP-SBJ *-3) (VP letting (S (NP-SBJ Sony) (VP buy (NP CBS Records)))))))))) (ADVP-TMP (NP two years) ago) (PP-PRP for (NP that reason)))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Ross) , (SBAR (WHNP-204 who) (S (NP-SBJ *T*-204) (VP will (VP be (NP-PRD (NP (NP chairman) and (NP co-chief executive officer)) (PP of (NP Time Warner))) (SBAR-TMP after (S (NP-SBJ the merger) (VP is (ADJP-PRD complete)))))))) ,) (VP (VP denied (NP that) (PP-LOC in (NP his own affidavit))) , and (VP called (S (S (NP-SBJ (NP Mr. Yetnikoff 's) remarks) `` (ADJP-PRD vicious) '') and (S (NP-SBJ his claims) `` (ADJP-PRD reckless , irresponsible and baseless)))) , '' (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ Warner) (PP-LOC under (NP his leadership)) (VP has (VP started (NP (NP a number) (PP of (NP businesses))) (PP-LOC in (NP Japan))))))))) .)) (TOP (S (NP-SBJ Mr. Ross) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ he) (VP enjoys (NP `` (NP warm (ADJP professional and personal) relationships) '' (PP with (NP (NP Japanese executives) (PP including (NP (NP Sony Chairman Akio Morita) , `` (SBAR (WHNP-205 who) (S (NP-SBJ *T*-205) (VP has (VP visited (NP (NP my home) (ADVP-LOC here))))))))))))))) . '')) (TOP (S But (PP despite (NP (NP the acrimony) (PP between (NP (NP Mr. Ross) and (NP Mr. Yetnikoff))))) , (NP-SBJ (NP officials) (PP of (NP (NP the Time side) (PP of (NP Time Warner))))) (VP have (ADVP reportedly) (VP been (ADJP-PRD increasingly interested (PP in (NP (NP a settlement) (SBAR (WHNP-206 that) (S (NP-SBJ *T*-206) (VP might (VP yield (NP attractive business opportunities)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Time executives) (PP such as (NP (NP (NP the company 's) president) , (NP N.J . Nicholas) , (SBAR (WHNP-207 who) (S (NP-SBJ *T*-207) (VP will (ADVP-TMP eventually) (VP be (NP-PRD (NP co-chief executive) (PP of (NP Time Warner)) (PP alongside (NP Mr. Ross))))))) ,))) (VP (VP have (NP no personal relationships or ego) (PP-CLR at (NP stake)) (PP-LOC in (NP (NP the fight) (PP over (NP the Guber-Peters duo))))) , and (VP were (ADVP-TMP never) (VP (ADVP-MNR directly) drawn (NP *-1) (PP-DIR into (NP the fray))))) .)) (TOP (S (NP-SBJ (NP Talks) (PP between (NP the two sides))) (VP could (VP unravel , (PP of (NP course)) , (SBAR-ADV as (S (NP-SBJ they) (VP have (ADVP-TMP more than once) (SBAR-TMP since (S (NP-SBJ Sony) (VP announced (NP its plans (S (NP-SBJ *) (VP to (VP hire (NP (NP Mr. Guber) and (NP Mr. Peters)))))))))))))) .)) (TOP (S But (NP-SBJ-1 both sides) (VP appear (S (NP-SBJ-3 *-1) (VP to (VP be (ADJP-PRD more willing (S *ICH*-2)) (ADVP-TMP now) (S-2 (NP-SBJ-4 *-3) (VP to (VP meet (NP (NP each other 's) terms) (S-PRP (NP-SBJ *-4) (VP to (VP resolve (NP the issue))))))))))) .)) (TOP (S And (SBAR-ADV although (S (NP-SBJ Warner) (VP has (VP said (SBAR 0 (S (NP-SBJ it) (VP wanted (S (NP-SBJ the producers) (VP to (VP fulfill (NP (NP the terms) (PP of (NP their contract))))))))))))) , (NP-SBJ the producers) (VP said (PP-LOC in (NP sworn court declarations)) (SBAR that (S (NP-SBJ they) (VP did n't (VP believe (SBAR 0 (S (NP-SBJ-184 the relationship) (VP could (VP be (VP repaired (NP *-184) (PP-TMP after (NP (NP the acrimony) (PP of (NP the legal battle)))))))))))))) .)) (TOP (S (NP-SBJ-1 Any settlement) (VP is (ADVP also) (VP expected (S (NP-SBJ *-1) (VP to (VP exclude (NP (NP Mr. Guber) and (NP Mr. Peters)) (PP-CLR from (NP (NP any) (PP of (NP (NP the projects) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP were (VP working (PP-CLR on (NP *T*-2)) (PP-LOC at (NP Warner))))))))))))))) .)) (TOP (S (NP-SBJ The Guber-Peters duo) (VP have (NP (NP 50 projects) (PP in (NP (NP various stages) (PP of (NP development and production)))) (PP-LOC at (NP Warner)) , (PP including (NP `` (NP-TTL (NP Bonfire) (PP of (NP the Vanities))) '' and `` (NP-TTL A Bright Shining Lie))))) . '')) (TOP (S (S But (NP-SBJ that) (VP does n't (VP mean (SBAR 0 (S (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP might not (ADVP eventually) (VP get (NP their hands) (PP-CLR on (NP (NP some) (PP of (NP their projects))))))))))) ; (S (NP-SBJ studios) (VP (VP develop (NP (NP hundreds) (PP of (NP movies)))) but (VP produce (NP (QP only 10 to 20)) (NP-TMP each year)))) .)) (TOP (S (SBAR-TMP Once (S (NP-SBJ-1 a studio) (VP chooses (S (NP-SBJ *-1) not (VP to (VP (ADVP actually) make (NP (NP a movie) (SBAR (WHNP-208 that) (S (NP-SBJ *T*-208) (VP is (PP-PRD in (NP development)))))))))))) , (NP-SBJ-2 producers) (VP are (ADVP typically) (ADJP-PRD free (S (NP-SBJ *-2) (VP to (VP take (NP it) (ADVP-DIR elsewhere)))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Guber) and (NP Mr. Peters)) (ADVP also) (ADVP almost certainly) (VP would n't (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP participate (PP-CLR in (NP (NP future sequels) (PP to (NP `` (NP-TTL Batman) , '' (NP (NP the blockbuster hit) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP produced (NP *T*-2) (PP for (NP Warner)))))))))))))))) .)) (TOP (S But (PP-LOC in (S-NOM (NP-SBJ *-2) (VP acquiring (NP Guber-Peters Entertainment)))) , (NP-SBJ-2 Sony) (VP will (ADVP actually) (VP get (NP (NP a piece) (PP of (NP (NP the profits) (PP from `` (NP-TTL Batman))))) , '' (SBAR-PRP since (S (NP-SBJ the (ADJP publicly held) concern) (VP gets (NP certain revenue) (PP-DIR from (NP (NP the movies) (SBAR (WHNP-1 0) (S (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP produce (NP *T*-1))))))))))) .)) (TOP (S (NP-SBJ The two producers) (VP own (NP (NP a combined (ADJP 28 %) stake) (PP in (NP Guber-Peters)))) .)) (TOP (S (NP-SBJ (NP Southern Co. 's) Gulf Power Co. subsidiary) (VP (VP pleaded (NP guilty) (PP-CLR to (NP (NP two felony charges) (PP of (NP (NP conspiracy (S (NP-SBJ *) (VP to (VP make (NP illegal political contributions))))) and (NP tax evasion)))))) , and (VP paid (NP (NP $ 500,000 *U*) (PP in (NP fines))))) .)) (TOP (S (NP-SBJ (NP (NP Gulf Power 's) guilty plea) (PP-LOC before (NP U.S. District Judge Robert L. Vining))) (NP-TMP yesterday) (VP marks (NP (NP the end) (PP of (NP (NP (QP only one) part) (PP of (NP (NP a wide-ranging inquiry) (PP of (NP Southern Co)))))))) .)) (TOP (S (NP-SBJ The company) (VP is (NP-PRD (NP the subject) (PP of (NP (NP a federal grand jury investigation) (PP into (SBAR whether (S (NP-SBJ-1 (NP its officials) and (NP its utility subsidiaries)) (VP conspired (S (NP-SBJ-2 *-1) (VP to (VP cover (PRT up) (NP (NP their accounting) (PP for (NP spare parts))) (S-PRP (NP-SBJ *-2) (VP to (VP evade (NP federal income taxes))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The terms) (VP announced (NP-TMP today))) (VP are (ADVP strictly) (PP-PRD between (NP (NP the United States) and (NP Gulf Power))))) , '' (VP said (S *T*-1)) (NP-SBJ U.S. Attorney Robert L. Barr) .)) (TOP (S `` (NP-SBJ This) (VP is (NP-PRD (NP only a further step) (PP-LOC in (NP a lengthy investigation)))) . '')) (TOP (S (NP-SBJ The plea settlement) (VP does not (VP allow (S (NP-SBJ Southern Co.) (VP to (VP (VP charge (NP (NP any) (PP of (NP the $ 500,000 *U*))) (PP-CLR to (NP its customers))) , or (VP take (NP action) (PP-CLR against (NP (NP employees) (SBAR (WHNP-209 who) (S (NP-SBJ *T*-209) (VP provided (NP information) (PP-TMP during (NP the federal inquiry))))))))))))) .)) (TOP (S (NP-SBJ-1 Gulf Power) (VP had (VP been (PP-PRD under (NP investigation)) (PP for (S-NOM (NP-SBJ *-1) (VP violating (NP (NP the Utility Holding Company Act) , (SBAR (WHNP-210 which) (S (NP-SBJ *T*-210) (VP prohibits (NP-2 public utilities) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP making (NP political contributions))))))))))))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ Southern Co. President Edward L. Addison) (VP said , `` (S (NP-SBJ We) (VP believe (SBAR 0 (S (NP-SBJ our decision (S (NP-SBJ *) (VP to (VP plead -LRB- (NP guilty) -RRB- (PP-CLR to (NP these charges)))))) (VP is (ADJP-PRD responsible and proper))))))) .)) (TOP (S And (NP-SBJ (NP our action) (NP-TMP today)) (VP will (VP allow (S (NP-SBJ Gulf Power) (VP to (VP avoid (NP prolonged , distracting legal proceedings)))))) . '')) (TOP (S (NP-SBJ He) (VP did not (VP say (SBAR (WHNP-1 what effect) (PRN , (SBAR-ADV if (FRAG (NP any))) ,) (S (NP-SBJ the (ADJP $ 500,000 *U*) fine) (VP would (VP have (NP *T*-1) (PP-CLR on (NP (NP the company 's) earnings)))))))) .)) (TOP (S (NP-SBJ Mr. Barr) (VP said (SBAR 0 (S (NP-SBJ-185 (NP (NP yesterday 's) plea) (PP by (NP Gulf Power)) , (SBAR (WHNP-212 which) (S (NP-SBJ *T*-212) (VP came (PP-TMP after (NP (NP months) (PP of (NP negotiations))))))) ,) (VP was (VP based (NP *-185) (PP-CLR on (NP evidence (SBAR that (S (NP-SBJ Gulf Power) (VP had (VP set (PRT up) (NP (NP an elaborate payment system) (SBAR (WHPP-1 through (WHNP which)) (S (NP-SBJ it) (VP reimbursed (NP-2 (NP outside vendors) (PRN -- (ADVP primarily) (NP three Florida advertising agencies) --)) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP making (NP illegal political contributions) (PP on (NP its behalf))))) (PP-MNR *T*-1)))))))))))))))) .)) (TOP (S (NP-SBJ The Appleyard Agency) , (PP for (NP example)) , (ADVP allegedly) (VP (VP made (NP contributions) (PP-TMP (PP from (NP 1982)) (PP to (NP 1984))) (PP-CLR to (NP (NP various funds) (PP for (NP political candidates))))) , (ADVP then) (VP submitted (NP bills) (PP-CLR to (NP Gulf Power)))) .)) (TOP (S (S-TPC-1 (NP-SBJ-186 The contributions) (VP were (VP funded (NP *-186) (PP by (NP-LGS (NP monthly payments) (PP of (NP (QP $ 1,000 to $ 2,000) *U*)) (PP to (NP Appleyard)) (PP in (NP (NP the guise) (PP of (NP a `` special production fee '')))))) (PRN -- (PP in (NP effect)) , (S-ADV (NP-SBJ *) (VP hiding (NP (NP the nature) (PP of (NP the payments))) (PP-CLR from (NP the Internal Revenue Service)))))))) , (NP-SBJ federal prosecutors) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The government) (ADVP also) (VP indicated (SBAR that (S (NP-SBJ former Gulf Power senior vice president Jacob F. `` Jake '' Horton) (VP was (NP-PRD (NP the mastermind) (PP behind (NP (NP the use) (PP of (NP (NP the ad agencies) (PRN -- (NP (NP Appleyard) , (NP Dick Leonard Group II Inc.) and (NP Hemmer & Yates Corp.)) --))) (S (NP-SBJ *) (VP to (VP make (NP payments) (PP-CLR to (NP various political candidates)) (PP-TMP (PP from (NP 1981)) (PP to (NP 1988))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Horton) , (SBAR (WHNP-213 who) (S (NP-SBJ *T*-213) (VP oversaw (NP (NP Gulf Power 's) governmental-affairs efforts)))) ,) (VP died (ADVP-MNR mysteriously) (PP-LOC in (NP a plane crash)) (PP-TMP in (NP April)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP learning (SBAR 0 (S (NP-SBJ-187 he) (VP might (VP be (VP fired (NP *-187)))))) (PP-TMP following (NP (NP the uncovering) (PP of (NP irregularities)) (PP in (NP a company audit)))))))) .)) (TOP (S (NP-SBJ-1 Government officials) (VP declined (S (NP-SBJ *-1) (VP to (VP say (SBAR whether (S (NP-SBJ the investigation) (VP includes (NP (NP the ad agencies) or (NP (NP the politicians) (VP involved (NP *))))))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange trading)) , (NP-SBJ Southern Co.) (VP rose (NP-EXT (NP 50 cents) (NP-ADV a share)) (PP-DIR to (NP $ 27.125 *U*))) .)) (TOP (S-HLN (NP-SBJ ` Frequent Drinker ' Offer) (VP Stirs (PRT Up) (NP Spirited Debate)))) (TOP (S (S-PRP (NP-SBJ *-1) (VP TO (VP GRAB (NP (NP a bigger piece) (PP of (NP the declining scotch market)))))) , (NP-SBJ-1 Seagram Co.) (VP has (VP launched (NP (NP a controversial `` frequent drinker '' promotion) (PP for (NP its Chivas Regal brand))))) .)) (TOP (S (PP-LOC Under (NP (NP the program) , (VP dubbed (S (NP-SBJ *) (NP-PRD Chivas Class))))) , (NP-SBJ (NP customers) (SBAR (WHNP-214 who) (S (NP-SBJ *T*-214) (VP send (PRT in) (NP (NP two labels) (PP from (NP Chivas bottles))))))) (VP will (VP receive (NP (NP an upgrade) (PP in (NP seating class)) (PP-LOC on (NP some Trans World Airlines flights))))) .)) (TOP (S (NP-SBJ Repeat customers) (ADVP also) (VP can (VP purchase (NP luxury items) (PP-CLR at (NP reduced prices)))) .)) (TOP (S But (PP-TMP at (NP (NP a time) (PP of (NP (NP mounting concern) (PP over (NP alcohol abuse)))))) , (NP-SBJ some liquor marketers) (VP consider (S (NP-SBJ (NP Seagram 's) frequent buyer promotion) (ADJP-PRD risky))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP 'm (ADJP-PRD surprised (SBAR 0 (S (NP-SBJ they) (VP 're (VP doing (NP this)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Penn Kavanagh) , (NP (NP president) (PP of (NP (NP Schieffelin & Somerset Co.) , (SBAR (WHNP-215 which) (S (NP-SBJ *T*-215) (VP markets (NP Johnnie Walker scotches)))))))) .)) (TOP (S `` (NP-SBJ I) (VP would (VP be (ADJP-PRD very leery (PP of (NP (NP anything) (SBAR (WHNP-216 that) (S (NP-SBJ *T*-216) (VP says (S (SBAR-ADV if (S (NP-SBJ you) (VP drink (NP more)))) , (NP-SBJ you) (VP get (NP more))))))))))) . '')) (TOP (S (NP-SBJ Others) (VP question (NP (NP the impact) (PP on (NP (NP Chivas 's) upscale image)) (PP of (NP (NP a promotion) (SBAR (WHNP-217 that) (S (NP-SBJ *T*-217) (VP has (NP (NP customers) (VP soaking (PRT off) (NP labels)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (ADJP-PRD really bizarre))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Albert Lerman) , (NP (NP creative director) (PP-LOC at (NP the Wells Rich Greene ad agency)))) .)) (TOP (S `` (NP-SBJ Chivas) (VP has (NP (NP an image) (PP of (NP (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP would (VP savor , (CONJP rather than) guzzle (NP *T*-1))))))))) . '')) (TOP (S (NP-SBJ Chivas Class) (VP is n't (NP-PRD the first such promotion)) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ J&B Scotch) (VP offered (NP 500 TWA frequent flier miles) (PP-CLR in (NP (NP exchange) (PP for (NP a label))))) .)) (TOP (S And (NP-SBJ Dewar 's) (VP gave (NP (NP discounts) (PP on (NP Scottish merchandise))) (PP-DTV to (NP (NP people) (SBAR (WHNP-218 who) (S (NP-SBJ *T*-218) (VP sent (PRT in) (NP bottle labels))))))) .)) (TOP (S But (NP-SBJ (NP the scope) (PP of (NP (NP Seagram 's) Chivas promotion))) (VP sets (NP it) (ADVP apart)) .)) (TOP (S (NP-SBJ The current campaign) (VP is (NP-PRD (NP just the first leg) (PP of (NP an aggressive three-to-five-year direct marketing plan)))) .)) (TOP (S (NP-SBJ Seagram) (VP says (SBAR 0 (S (NP-SBJ-1 the promotion) (VP is (VP designed (S (NP-SBJ *-1) (VP to (VP (VP build (NP brand loyalty)) (CONJP rather than) (VP promote (NP heavy drinking)))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Seagram) (VP asks (NP-2 customers) (S (NP-SBJ *-2) (VP to (VP buy (NP (QP only two or three) bottles) (PP-TMP over (NP a 12-month period))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Richard Shaw) , (NP (NP vice president) (PP of (NP U.S. direct marketing)))) .)) (TOP (S `` (NP-SBJ We) (VP 're not (VP asking (NP-1 them) (S (NP-SBJ *-1) (VP to (VP save (PRT up) (NP 50 proof-of-purchases)))))) .)) (TOP (S (S (NP-SBJ We) (VP 're not (VP saying (S (NP-SBJ *) (VP drink (NP more)))))) , (S (NP-SBJ we) (VP 're (VP saying (S (NP-SBJ *) (VP trade (PRT up)))))) . '')) (TOP (S-HLN (NP-SBJ Goya) (VP Concocts (NP (NP a Milk) (PP For (NP Hispanic Tastes)))))) (TOP (S (NP-SBJ-1 MOST FOOD companies) (NP-TMP these days) (VP are (VP trimming (NP (NP the fat and cholesterol content) (PP of (NP their products))) (S-PRP (NP-SBJ *-1) (VP to (VP appeal (PP-CLR to (NP health-conscious consumers))))))) .)) (TOP (S But (NP-SBJ Goya Foods Inc.) (VP believes (SBAR 0 (S (NP-SBJ-1 it) (VP can (VP milk (NP some sales) (PP-PRP by (S-NOM (NP-SBJ *-1) (VP bucking (NP the trend))))))))) .)) (TOP (S (NP-SBJ-1 The (NAC-LOC Secaucus , N.J. ,) company) (VP has (VP formed (NP a joint venture) (PP with (NP (NP a distributor) (VP called (S (NP-SBJ *) (NP-PRD La Lecheria))))) (S-PRP (NP-SBJ *-1) (VP to (VP market (NP (NP a higher-fat milk) (VP targeted (NP *) (PP-CLR at (NP Hispanic consumers))))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP give (NP Leche Fresca) (NP (NP the creamier taste) (SBAR (WHNP-1 0) (S (NP-SBJ Goya) (VP says (SBAR 0 (S (NP-SBJ Hispanics) (VP prefer (NP *T*-1))))))))))) , (NP-SBJ the new brand) (VP has (NP (NP a butterfat content) (PP of (NP 3.8 %)))) .)) (TOP (S (NP-SBJ That) (VP compares (PP-CLR with (NP (NP (ADJP 3.5 %) butterfat) (PP for (NP whole milk))))) .)) (TOP (S (NP-SBJ (NP (NP A spokesman) (PP for (NP Borden Inc.))) , (NP (NP the nation 's) largest milk producer) ,) (VP concedes (SBAR 0 (S (NP-SBJ Goya) (VP may (VP be (PP-PRD on (PP to (NP something)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Borden) (VP sells (NP (NP (ADJP considerably more) whole milk) (PP than (NP reduced-fat milks))) (PP-LOC in (NP (ADJP southern and Hispanic) markets)))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 Borden) (ADVP even) (VP (VP tested (NP (NP a milk) (PP with (NP (ADJP 4 %) butterfat))) (PP-LOC in (NP the South))) , but (VP decided (SBAR 0 (S (NP-SBJ the market) (VP was (ADJP-PRD too small)))))) .)) (TOP (S (NP-SBJ Goya) (VP is (VP selling (NP Leche Fresca) (PP-LOC in (NP (NP (QP nearly 500) grocery stores and bodegas) (PP-LOC in (NP (NP New York) and (NP (NP parts) (PP of (NP New Jersey))))))))) .)) (TOP (SINV (S-TPC-1 And (NP-SBJ it) (VP 's (VP adding (NP (NP (QP 15 to 20) new outlets) (NP-ADV a day))))) , (VP says (SBAR 0 (S *T*-1)) ) (NP-SBJ (NP Greg Ricca) , (NP (NP sales director) (PP-LOC at (NP La Lecheria)))) .)) (TOP (S-1 (PP-PRP Because of (NP (NP Leche Fresca 's) success)) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the joint venture) (VP is (VP developing (NP (NP other dairy products) (VP tailored (NP *) (PP-CLR to (NP Hispanic tastes)))))) .)) (TOP (S-HLN (NP-SBJ Jewelry Makers) (VP Copy (NP Cosmetics Sales Ploys)))) (TOP (S (PP-TMP FOR (NP YEARS)) , (NP-SBJ costume jewelry makers) (VP fought (NP a losing battle)) .)) (TOP (S (NP-SBJ (NP Jewelry displays) (PP-LOC in (NP department stores))) (VP were (ADVP-TMP often) (ADJP-PRD cluttered and uninspired)) .)) (TOP (S And (NP-SBJ the merchandise) (VP was , (INTJ well) , (ADJP-PRD fake)) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ (NP marketers) (PP of (NP faux gems))) (VP (ADVP-MNR steadily) lost (NP space) (PP-LOC in (NP department stores)) (PP-CLR to (NP (NP (ADJP more fashionable) rivals) -- (NP cosmetics makers)))) .)) (TOP (S-1 But (ADVP-TMP lately) (PRN , (S (NP-SBJ retailers) (VP say (SBAR 0 (S *T*-1)) )) ,) (NP-SBJ fake) (VP has (VP become (ADJP-PRD more fashionable))) .)) (TOP (S And (NP-SBJ-1 jewelry makers) (VP are (VP beginning (S (NP-SBJ *-1) (VP to (VP use (NP (NP many) (PP of (NP (NP the same marketing tricks) (VP honed (NP *) (PP-LOC in (NP (NP the aggressive world) (PP of (NP cosmetics))))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-TMP Last year) , (NP-SBJ (NP the total women 's) fashion jewelry business) (VP topped (NP (QP $ 4.9 billion) *U*))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Karen Alberg) , (NP (NP editor) (PP of (NP Accessories magazine)))) .)) (TOP (S And (NP-SBJ it) (VP 's (VP growing (ADVP-MNR fast) , (PP with (NP (NP annual sales gains) (PP of (NP (QP more than 10) %)))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP increase (NP (NP their share) (PP of (NP that business)))))) , (NP-SBJ-1 (NP jewelry makers) (PP such as (NP (NP (NP Crystal Brands Inc. 's) Trifari and Monet units) and (NP (NP Swank Inc.) , (NP (NP maker) (PP of (NP Anne Klein jewelry))) ,)))) (VP are (VP launching (NP new lines) (PP-MNR with (NP (NP (ADJP as much) fanfare) (PP as (NP the fragrance companies)))))) .)) (TOP (S (S (NP-SBJ They) (VP 're (VP hiring (NP (NP models) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP stroll (NP the aisles) (S-ADV (NP-SBJ *-2) (VP sporting (NP their jewels))))))))))) , and (S (NP-SBJ-4 they) (VP 're (ADVP even) (VP beginning (S (NP-SBJ *-4) (VP to (VP borrow (NP (NP a perennial favorite) (PP of (NP the beauty business)) -- (S-NOM (NP-SBJ *) (VP offering (NP a gift) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ consumers) (VP make (NP a purchase) (ADVP-TMP *T*-3))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 We) (VP 've (VP started (S (NP-SBJ-3 *-2) (VP trying (NP just about anything) (S-PRP (NP-SBJ *-3) (VP to (VP keep (S (NP-SBJ sales) (VP moving (PP-LOC in (NP the stores)))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Kim Renk) , (NP a Swank vice president)) .)) (TOP (S But (NP-SBJ there) (VP are (NP-PRD limits)) .)) (TOP (S (NP-SBJ Ms. Renk) (VP says (SBAR 0 (S (NP-SBJ retailers) (VP nixed (NP (NP a promotion) (PP for (NP (NP pins) (PP with (NP animal motifs))))))))) .)) (TOP (FRAG (NP Her idea) : (S (NP-SBJ *) (VP bring (PRT in) (NP live zoo animals))) .)) (TOP (S (NP-SBJ (NP Trifari) , (SBAR (WHNP-219 whose national ads) (S (NP-SBJ *T*-219) (NP-TMP earlier this year) (VP included (NP (NP paper cutouts) (PP of (NP its costume finery)))))) ,) (VP takes (NP a tamer approach)) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The company) (VP focuses (PP-CLR on (NP the how-to aspects)))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Andrew E. Philip) , (NP president)) .)) (TOP (S (NP-SBJ Trifari) (ADVP-TMP now) (VP trains (S (NP-SBJ sales help) (VP to (VP advise (NP customers) (PP-CLR on (NP the best earring styles)))))) .)) (TOP (S (S But (NP-SBJ cosmetics firms) (ADVP still) (VP have (NP one big marketing edge))) : (S (NP-SBJ They) (VP motivate (NP sales people) (PP-MNR with (NP commissions)))) .)) (TOP (S (NP-SBJ-1 Jewelry makers) (VP (VP (ADVP-TMP rarely) pay (NP commissions)) and (VP are n't (VP expected (S (NP-SBJ *-1) (VP to (VP *?*))) (ADVP-TMP anytime soon)))) .)) (TOP (NP-HLN Odds and Ends)) (TOP (S (PP DESPITE (NP (NP GROWING interest) (PP in (NP the environment)))) , (NP-SBJ U.S. consumers) (VP have n't (VP shown (NP (NP much interest) (PP in (NP (NP refillable packages) (PP for (NP household products))))))) .)) (TOP (S (NP-SBJ-1 Procter & Gamble Co.) (ADVP-TMP recently) (VP (VP introduced (NP (NP refillable versions) (PP of (NP (NP four products) , (PP including (NP (NP Tide) and (NP Mr. Clean)))))) , (PP-LOC in (NP Canada)) ,) but (VP does n't (VP plan (S (NP-SBJ *-1) (VP to (VP bring (NP them) (PP-DIR to (NP the U.S)))))))) .)) (TOP (S (NP-SBJ Marketers) (VP believe (SBAR 0 (S (NP-SBJ most Americans) (VP wo n't (VP make (NP the convenience trade-off)))))) ... .)) (TOP (S-HLN (NP-SBJ Braumeisters Ltd.) (VP tests (NP (NP a beer) (VP brewed (NP *) (PP-CLR with (NP (NP oat bran) , (CONJP rather than) (NP rice or corn)))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Called (S (NP-SBJ *-1) (NP-PRD (NP Otto 's) Original Oat Bran Beer)))) , (NP-SBJ-2 the brew) (VP costs (NP (NP (QP about $ 12.75) *U*) (NP-ADV a case))) .)) (TOP (FRAG (NP No cholesterol) , (PP of (NP course)) .)) (TOP (S (S-TPC-1 (S (NP-SBJ Northwest Airlines) (VP settled (NP (NP the remaining lawsuits) (VP filed (NP *) (PP-CLR on (NP (NP behalf) (PP of (NP (NP 156 people) (VP killed (NP *) (PP-TMP in (NP a 1987 crash))))))))))) , but (S (NP-SBJ-188 (NP claims) (PP against (NP (NP the jetliner 's) maker))) (VP are (VP being (VP pursued (NP *-188)))))) , (NP-SBJ a federal judge) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP (NP Northwest) , (NP (NP a unit) (PP of (NP NWA Inc.)))) , and (NP (NP McDonnell Douglas Corp.) , (SBAR (WHNP-220 which) (S (NP-SBJ *T*-220) (VP made (NP the MD-80 aircraft))))) ,) (ADVP also) (VP are (VP pursuing (NP (NP counterclaims) (PP against (NP each other)) (PP-LOC in (NP (NP the crash) (PP-LOC near (NP Detroit Metropolitan Airport))))))) .)) (TOP (S (NP-SBJ-1 (NP Terms) (PP of (NP the settlements)) (PP for (NP (NP the remaining 145 lawsuits) (PP against (NP Northwest))))) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ-189 (NP A total) (PP of (NP 157 lawsuits))) (VP were (VP filed (NP *-189) (PP on (NP (NP behalf) (PP of (NP crash victims)))))) .)) (TOP (S (NP-SBJ U.S. District Judge Julian A. Cook Jr.) (VP announced (NP the settlements) (SBAR-TMP as (S (NP-SBJ-1 the jury trial) (VP was (S (NP-SBJ *-1) (VP to (VP begin)))))) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ He) (VP reset (NP opening arguments) (PP-TMP-CLR for (NP today))) .)) (TOP (S (NP-SBJ The jury) (VP will (VP resolve (NP (NP (NP the claims) (PP against (NP McDonnell Douglas))) , (NP (NP Northwest 's) claim (SBAR that (S (NP-SBJ (NP a defect) (PP-LOC in (NP the aircraft))) (VP caused (NP the crash))))) , and (NP (NP McDonnell Douglas ') claim (SBAR that (S (NP-SBJ-1 the plane) (VP was (VP (ADVP-MNR improperly) flown (NP *-1))))))))) .)) (TOP (S (NP-SBJ The National Transportation Safety Board) (VP ruled (SBAR that (S (NP-SBJ-1 pilots) (VP (VP failed (S (NP-SBJ *-1) (VP to (VP set (NP (NP the plane 's) wing flaps and slats) (ADVP-MNR properly) (PP for (NP takeoff)))))) and (VP failed (S (NP-SBJ *-1) (VP to (VP make (NP (NP mandatory preflight checks) (SBAR (WHNP-221 that) (S (NP-SBJ *T*-221) (VP would (VP have (VP detected (NP the error))))))))))))))) .)) (TOP (S (ADVP Also) , (S-TPC-2 (NP-SBJ-1 a cockpit warning system) (VP failed (S (NP-SBJ *-1) (VP to (VP alert (NP the pilots) (SBAR 0 (S (NP-SBJ-3 the flaps and slats) (VP were not (VP set (NP *-3) (PP for (NP takeoff))))))))))) , (NP-SBJ the NTSB) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP The only passenger) (SBAR (WHNP-222 who) (S (NP-SBJ *T*-222) (VP survived (NP the crash))))) (VP was (NP-PRD (NP Cecelia Cichan) , (RRC (ADVP-TMP then) (NP 4)) , (PP of (NP (NP Tempe) , (NP Ariz.))) , (SBAR (WHNP-223 whose parents and brother) (S (NP-SBJ *T*-223) (VP died (PP-LOC in (NP the crash))))))) .)) (TOP (S (NP-SBJ She) (ADVP-TMP now) (VP lives (PP with (NP relatives)) (PP-LOC-CLR in (NP Alabama))) .)) (TOP (S (NP-SBJ (NP Sun Myung Moon) , (NP (NP the Korean evangelist-industrialist) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (PP-TMP in (NP 1954)) (VP founded (NP the Unification Church))))) ,) (VP remains (NP (NP the mystery man) (PP-LOC behind (NP (NP a multimillion-dollar (UCP political and publishing) operation) (VP (VP based (NP *) (PP-LOC-CLR in (NP this country))) and (VP catering (PP-CLR to (NP the American right)))))))) .)) (TOP (S But (NP-SBJ there) (VP may (VP be (NP-PRD (NP less) (ADVP-LOC there) (SBAR than (S (NP-SBJ *) (VP meets (NP the eye))))))) .)) (TOP (S (NP-SBJ-1 Mr. Moon) (VP planned (S (NP-SBJ *-1) (VP (VP to (VP convert (NP (NP millions) (PP of (NP Americans))) (PP-CLR to (NP (NP his unique brand) (PP of (NP Christianity)) (PRN -- (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ he) (VP plays (NP (NP the role) (PP of (NP (ADJP Old Testament-style) temporal , political messiah))) (PP-LOC *T*-2)))) --))))) and (ADVP then) (VP to (VP make (S (NP-SBJ the U.S.) (NP-PRD (NP part) (PP of (NP a unified international theocracy))))))))) .)) (TOP (S (NP-SBJ (NP His original strategy) (PRN -LRB- (PP in (NP itself)) (NP (NP a brilliant innovation) (PP for (S-NOM (NP-SBJ *) (VP spreading (NP a religion))))) -RRB-)) (VP was (S-PRD (NP-SBJ *) (VP to (VP create (NP new economic enterprises) (NP-TMP (NP each time) (SBAR (WHADVP-1 0) (S (NP-SBJ-2 he) (VP wanted (S (NP-SBJ *-2) (VP to (VP extend and fund (NP his various religious missions) (ADVP-TMP *T*-1)))))))))))) .)) (TOP (S (NP-SBJ-190 Tax-exempt (UCP airport and street-corner) solicitations) (VP were (VP intended (S (NP-SBJ *-190) (ADVP only) (VP to (VP provide (NP start-up funds)))))) .)) (TOP (S (NP-SBJ (ADJP More stable) industries) (VP were (S-PRD (NP-SBJ *) (VP to (VP build (NP an (ADJP economically viable) infrastructure) (PP-BNF for (NP (NP the Moon movement) (PP-LOC in (NP North America)))) , (SBAR-MNR as (S (NP-SBJ they) (VP had (VP *?* (PP-LOC in (NP (NP Japan) and (NP South Korea))))))))))) .)) (TOP (S (ADVP-TMP Then) (NP-SBJ he) (VP would (VP move (NP his movement) (PP-DIR to (NP Europe)))) .)) (TOP (S But (NP-SBJ-1 that) (VP was not (S (NP-SBJ *-1) (VP to (VP be)))) .)) (TOP (S (PP-TMP Throughout (NP the (NX (NX 1970s) and (NX early 1980s)))) (NP-SBJ (NP spokesmen) (PP for (NP both (NP the Unification Church) and (NP (NP its opponents) (PP-LOC in (NP the anticult movement)))))) (VP gave (NP (ADJP wildly exaggerated) membership figures)) .)) (TOP (S (NP-SBJ Their legacy) (VP lives (PRT on)) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-2)) (VP is (ADVP still) (ADJP-PRD common) (S-2 (NP-SBJ *) (VP to (VP read (PP-LOC in (NP the press)) (SBAR that (S (NP-SBJ the church) (VP has (NP (NP (QP 10,000 or more) full-time American members) and (NP 25,000 `` associates))))))))) . '')) (TOP (S (NP-SBJ Some estimates) (VP have (VP gone (ADVP-DIR (ADVP as high) (PP as (NP 80,000 members))))) .)) (TOP (S But (NP-SBJ internal church documents) (VP (ADVP-MNR clearly) show (SBAR that (S (PP-LOC at (NP its publicity-seeking heights)) , (PP-TMP as (SBAR (WHADVP-1 when) (S (NP-SBJ it) (VP organized (NP a spectacular Yankee Stadium bicentennial rally) (PP-TMP in (NP 1976)) (ADVP-TMP *T*-1))))) , (NP-SBJ there) (ADVP actually) (VP were (NP-PRD (QP only about 2,000) full-time Unification Church members) (PP-LOC in (NP the U.S.)))))))) (TOP (S (NP-SBJ (NP (NP (NP Mr. Moon 's) support) (PP for (NP a Watergate-beleaguered Richard Nixon))) , (NP the Koreagate scandal) , and (NP (NP his prison sentence) (PP for (NP income-tax evasion)))) (VP did not (VP help (NP (NP the church 's) recruitment efforts))) .)) (TOP (S (NP-SBJ (NP Defections) , (NP burnouts) , and (NP abduction `` deprogrammings '')) (VP kept (S (NP-SBJ member turnover) (ADJP-PRD high))) .)) (TOP (S (SBAR-SBJ That (S (NP-SBJ the membership number) (VP has (ADVP even) (VP kept (ADVP-CLR close (PP to (NP its 1976 size))))))) (VP is (NP-PRD (NP the result) (PP of (NP (NP the `` graying '') (PP of (NP the church)))))) .)) (TOP (S (NP-SBJ (NP Many) (PP of (NP (NP the enthusiastic young `` Moonies '') (PP of (NP the Nixon era)))) (SBAR (WHNP-224 who) (S (NP-SBJ *T*-224) (VP remained (ADJP-PRD faithful (PP to (NP Father Moon))))))) (VP are (ADVP-TMP now) (NP-PRD (NP parents) , (VP producing (NP new members) (PP-MNR by (NP (NP procreation) (CONJP rather than) (NP conversion)))))) .)) (TOP (S (NP-SBJ (NP The reputed wealth) (PP of (NP the Unification Church))) (VP is (NP-PRD (NP another matter) (PP of (NP contention)))) .)) (TOP (S (PP-TMP For (NP a while)) (PP-TMP in (NP the 1970s)) (NP-SBJ it) (VP seemed (SBAR 0 (S (NP-SBJ Mr. Moon) (VP was (PP-PRD on (NP a spending spree)) , (PP with (NP (NP such purchases) (PP as (NP (NP (NP the former New Yorker Hotel) and (NP its adjacent Manhattan Center)) ; (NP (NP a fishing/processing conglomerate) (PP with (NP (NP branches) (PP-LOC in (NP Alaska , Massachusetts , Virginia and Louisiana))))) ; (NP (NP (NP a former Christian Brothers monastery) and (NP the Seagram family mansion)) (PRN -LRB- (S-ADV (NP-SBJ both) (ADJP-PRD picturesquely situated (PP-LOC on (NP the Hudson River)))) -RRB-)) ; (NP (NP shares) (PP in (NP (NP banks) (PP-LOC (PP from (NP Washington)) (PP to (NP Uruguay)))))) ; (NP a motion picture production company) , and (NP (NP newspapers) , (PP such as (NP (NP the Washington Times) , (NP (NP the New York City Tribune) (PRN -LRB- (ADVP-TMP originally) (NP the News World) -RRB-)) , and (NP the successful Spanish-language Noticias del Mundo)))))))))))) .)) (TOP (S (ADVP Yet) (NP-SBJ these purchases) (VP can (VP be (ADJP-PRD misleading))) .)) (TOP (S (NP-SBJ-191 Most) (VP were (VP obtained (NP *-191) (PP-CLR with (NP (NP (NP huge inputs) (PP of (NP church money)) (PP from (NP (NP South Korea) and (NP Japan)))) , (NP minimum cash downpayments) and (NP sizable mortgages))))) .)) (TOP (S (S (NP-SBJ (NP Those teams) (PP of (NP (NP young fund-raisers) (VP (VP selling (NP (NP flowers) , (NP peanuts))) or (VP begging (ADVP-MNR outright) (PP-LOC at (NP traffic intersections))))))) (VP brought (PP-DIR in (NP (NP (QP somewhere near $ 20 million) *U*) (NP-ADV a year))) (PP-TMP during (NP the mid-to-late 1970s)))) , but (S (NP-SBJ those revenues) (VP were (NP-PRD a pittance) (PP compared (PP to (NP (NP the costs) (PP of (NP (NP (NP Mr. Moon 's) lavish international conferences) , (NP speaking tours) , and (NP assorted land buys)))))))) .)) (TOP (S (NP-SBJ-1 (NP Only his factories) (PP-LOC in (NP Japan and Korea))) , (S-ADV (NP-SBJ *-1) (VP (VP employing (NP his followers) (PP-CLR at (NP subsistence wages))) and (VP producing (NP (NP everything) (PP (PP from (NP rifles)) (PP to (NP ginseng)) (PP to (NP expensive marble vases))))))) , (VP kept (S (NP-SBJ the money) (VP flowing (ADVP-DIR westward)))) .)) (TOP (S (NP-SBJ (NP Virginia Commonwealth University sociologist David Bromley) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP more (PP than (NP any other researcher))) (VP has (VP delved (PP-DIR into (NP (NP the complex world) (PP of (NP Unificationist finances)))))))) ,) (VP has (VP concluded (SBAR that (S (NP-SBJ (NP profitable operations) (PP-LOC in (NP the U.S.))) (VP have (VP been (NP-PRD (NP the exceptions) (CONJP rather than) (NP the rule)))))))) .)) (TOP (S (ADVP Likewise) , (NP-SBJ (NP journalists John Burgess and Michael Isikoff) (PP of (NP the Washington Post))) (VP have (VP estimated (SBAR that (S (NP-SBJ-192 (QP at least $ 800 million) *U*) (VP was (VP transferred (NP *-192) (PP-DIR from (NP Japan)) (PP-DIR to (NP the U.S.)) (S-PRP (NP-SBJ *) (VP to (VP deal (PP-CLR with (NP (NP (NP the church 's) annual operating losses) (PP-LOC in (NP this country))))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Moon 's) two English-language U.S. newspapers) (VP illustrate (NP (NP the scope) (PP of (NP this financial drain)))) .)) (TOP (S (S (NP-SBJ (NP Start-up costs) (PP for (NP the Washington Times)) (ADVP alone)) (VP were (ADJP-PRD close (PP to (NP (QP $ 50 million) *U*))))) , and (S (NP-SBJ-193 (NP the total amount) (VP lost (NP *) (PP-LOC in (NP this journalistic black hole)))) (VP was (VP estimated (NP *-193) (PP-CLR at (NP (NP (QP $ 150 million) *U*) (PP-TMP by (NP 1984))))))) .)) (TOP (S (PP-TMP Since (NP then)) , (NP-SBJ (NP Moon 's) organization) (VP has (VP inaugurated (NP (NP (NP a pair) (PP of (NP high-quality glossy opinion magazines))) , (NP (NP-TTL (NP The World) and (NP I)) and (NP-TTL Insight)) , (SBAR (WHNP-225 which) (S (NP-SBJ *T*-225) (VP are (NP-PRD a further drain))))))) .)) (TOP (S (NP-SBJ Insiders) (VP say (SBAR that (S (NP-SBJ not even their editors) (VP know (PP for (ADJP sure)) (SBAR (WHNP-1 how much) (S (NP-SBJ these show-piece publications) , (ADVP along (PP with (NP the newspapers))) , (VP have (VP cost (NP Mr. Moon) (NP *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP Many American church-owned businesses) , (PP such as (NP (NP a (ADJP (QP $ 30 million) *U*) factory) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP build (NP fishing vessels))))))) ,) (VP are (ADJP-PRD defunct)) .)) (TOP (S (NP-SBJ (NP Some components) (PP of (NP the American church))) (VP had (S (NP-SBJ their budgets) (VP cut (PP-CLR in (NP half)))) (NP-TMP (NP last year) and (ADVP again) (NP this year))) .)) (TOP (S (NP-SBJ (NP The (ADJP relatively small) academic conferences) (SBAR (WHNP-226 that) (S (NP-SBJ *T*-226) (VP have (VP attracted (NP (NP conservative guests) -- and (NP press scrutiny) --) (PP-TMP in (NP recent years))))))) (VP are (ADJP-PRD (ADJP (ADVP much more) (ADJP narrowly targeted) and (ADJP austere)) (PP than (NP (NP the thousand-person get-togethers) (PP-LOC in (NP (NP fancy digs) and (NP exotic locales))) (PP of (NP (NP years) (ADJP past))))))) .)) (TOP (S (NP-SBJ I) (VP attended (NP (NP several) (PP of (NP these))) (PP-MNR in (NP (NP the dual role) (PP as (NP (NP (NP a presenter) (PP of (NP research findings))) (CONJP as well as) (NP (NP an investigator) (PP of (NP my hosts)))))))) .)) (TOP (S -LRB- (NP-SBJ (NP Mr. Moon 's) Paragon House) (ADVP-TMP eventually) (ADVP even) (VP published (NP (NP three) (PP of (NP (NP my co-edited books) (PP on (NP religion and politics)))))) . -RRB-)) (TOP (S (PP According (PP to (NP (NP veteran watchers) (PP of (NP Unificationist affairs)) , (PP such as (NP (NP Dr. J. Gordon Melton) , (NP (NP director) (PP of (NP (NP the Institute) (PP for (NP (NP the Study) (PP of (NP American Religion)))))))))))) , (NP-SBJ-1 almost all operations) (VP are (VP being (VP (ADVP-MNR drastically) reduced (NP *-1) (SBAR-TMP as (S (NP-SBJ-2 Mr. Moon) (ADVP-TMP now) (VP concentrates (PP-CLR (ADVP more) on (S-NOM (NP-SBJ *-2) (VP developing (NP (NP his empire) (PP-LOC in (NP the Far East)))))))))))) .)) (TOP (S-1 `` (NP-SBJ Everything) (PRN , '' (S (NP-SBJ (NP one (ADJP non-`` Moonie '') senior consultant) (PP to (NP the Unification Church))) (ADVP-TMP recently) (VP told (NP me) (PP-LOC in (NP an interview)) (S *T*-1))) , ``) (VP is (VP going (ADVP-DIR back (PP to (NP Korea and Japan))))) . '')) (TOP (S -LRB- (NP-SBJ Europe) (VP had (VP proved (ADJP-PRD (ADVP even less hospitable) (PP than (NP North America))))) .)) (TOP (S (NP-SBJ-1 European politicians) (VP were (ADJP-PRD less reluctant (S (NP-SBJ *-1) (VP to (VP have (S (NP-SBJ their governments) (VP investigate and harass (NP new religions)))))))) . -RRB-)) (TOP (S (ADVP So) (NP-SBJ-1 Mr. Moon) (VP is (PP-PRD in (NP retreat)) , (S-ADV (NP-SBJ *-1) (VP refocusing (PP-CLR on (NP the Far East))))) .)) (TOP (S (NP-SBJ-1 (NP South Korea) and (NP Japan)) (VP continue (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD profitable))))) .)) (TOP (S (NP-SBJ (NP Moon 's) Tong'Il industry conglomerate) (VP is (ADVP-TMP now) (VP investing (ADVP-MNR heavily) (PP-LOC in (NP (NP China) , (SBAR (WHADVP-1 where) (S (NP-SBJ church accountants) (VP have (NP (NP high hopes) (PP of (S-NOM (NP-SBJ *) (VP (VP expanding) and (VP attracting (NP converts)) (PP-TMP (ADVP even) in (NP (NP the wake) (PP of (NP (NP the bloody massacre) (PP-LOC in (NP Tiananmen Square)))))))))) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (NP-SBJ Panda Motors) (VP is (NP-PRD one such investment)) .)) (TOP (S (PP According (PP to (NP (NP senior consultants) (PP to (NP the church))))) , (NP-SBJ Mr. Moon) (VP has (ADVP-MNR successfully) (VP negotiated (NP (NP a joint venture) (PP with (NP the Chinese government)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP build (NP an automobile-parts plant) (PP-LOC in (NP (NP Guangdong Province) , (NP (NP an area) (PP of (NP China)) (PP with (NP a substantial Korean minority)))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Moon) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP (VP put (PRT up) (NP (NP (QP $ 10 million) *U*) (NP-ADV a year)) (PP-TMP for (NP 25 years))) and (VP keep (NP the profits) (PP-LOC-CLR in (NP China)))))))) .)) (TOP (S (PP In (NP return)) , (NP-SBJ he) (VP has (NP (NP the government 's) blessing (S (NP-SBJ *) (VP to (VP (VP build (NP churches)) and (VP spread (NP Unificationism)) (PP-LOC in (NP that country))))))) .)) (TOP (S (NP-SBJ (NP Whatever (NX (NX respectability) and (NX (NX ties) (PP to (NP (NP intellectuals) and (NP opinion-makers)))))) (SBAR (WHNP-1 0) (S (NP-SBJ the publications and conferences) (VP bring (NP *T*-1))))) (ADVP really) (VP are (NP-PRD (NP salvage) -- (NP not (NP (NP the Rev. Moon 's) original final goals) , but (NP (NP the ones) (SBAR (WHPP-2 for (WHNP which)) (S (NP-SBJ he) (VP will (VP have (S (NP-SBJ *) (VP to (VP settle (PP-CLR *T*-2)))))))))))) .)) (TOP (S (NP-SBJ Mr. Shupe) (VP is (NP-PRD (NP co-author) (PRN -LRB- (PP with (NP David G. Bromley)) -RRB-) (PP of (NP `` (NP-TTL (NP ` (NP Moonies) ' (PP-LOC in (NP America))) : (NP Cult , Church , and Crusade)) '' and `` (NP-TTL (NP Strange Gods) : (NP The Great American Cult Scare)))))) .)) (TOP (S (NP-SBJ The Manville Personal Injury Settlement Trust) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP considering (NP (NP several ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP ease (NP a liquidity crunch) (ADVP-MNR *T*-1))))) (SBAR (WHNP-227 that) (S (NP-SBJ *T*-227) (VP could (VP include (NP (NP the sale) (PP of (NP Manville Corp.)) (PP to (NP a third party))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a filing) (PP with (NP the Securities and Exchange Commission)))) , (NP-SBJ (NP the majority holder) (PP of (NP Manville))) (VP acknowledged (SBAR (SBAR that (S (NP-SBJ-194 (NP the cash portion) (PP of (NP (NP its initial funding) (PP of (NP (QP $ 765 million) *U*))))) (VP will (VP be (VP depleted (NP *-194) (NP-TMP next year)))))) , and (SBAR that (S (NP-SBJ (NP alternative sources) (PP of (NP funds))) (VP will (VP be (ADJP-PRD necessary) (S-PRP (NP-SBJ *) (VP to (VP meet (NP its obligations)))))))))) .)) (TOP (S (S (NP-SBJ-2 (NP The trust) , (SBAR (WHNP-1 which) (S (NP-SBJ-195 *T*-1) (VP was (VP created (NP *-195) (PP as (NP (NP part) (PP of (NP (NP Manville 's) bankruptcy-law reorganization)))) (S-PRP (NP-SBJ *) (VP to (VP compensate (NP (NP victims) (PP of (NP asbestos-related diseases)))))))))) ,) (ADVP-TMP ultimately) (VP expects (S (NP-SBJ *-2) (VP to (VP receive (NP (QP $ 2.5 billion) *U*) (PP-CLR from (NP Manville))))))) , but (S (NP-SBJ (NP its cash flow) (PP from (NP investments))) (VP has (ADVP-TMP so far) (VP lagged (PP-LOC-CLR behind (NP (NP its payments) (PP to (NP victims))))))) .)) (TOP (S (NP-SBJ-1 (NP Spokespersons) (PP for (NP both (NP the trust) and (NP the company)))) (VP refused (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (SBAR whether (S (NP-SBJ (NP any talks) (PP with (NP (NP a possible acquirer) (PP of (NP Manville))))) (VP had (ADVP actually) (VP taken (NP-CLR place)))))))))) .)) (TOP (S (S (NP-SBJ The trust) (VP is (VP considering (NP (NP a sale) (PP of (NP its Manville holdings)))))) , but (S (NP-SBJ Manville) (VP has (NP (NP the right) (PP of (NP first refusal)) (PP on (NP (NP any sales) (PP of (NP (NP its stock) (VP held (NP *) (PP by (NP-LGS the trust)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Manville) , (NP a forest and building products concern) ,) (VP has (VP offered (S (NP-SBJ *-1) (VP to (VP pay (NP the trust) (NP (QP $ 500 million) *U*) (PP-CLR for (NP (NP a majority) (PP of (NP (NP Manville 's) convertible preferred stock))))))))) .)) (TOP (S (S (NP-SBJ (NP Manville) and (NP the trust)) (VP are (VP discussing (NP the offer)))) , but (S (NP-SBJ-196 no decision) (VP has (VP been (VP made (NP *-196))))) .)) (TOP (S (NP-SBJ The filing) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ the trust) (VP is (VP considering (NP (NP (NP a sale) (PP of (NP Manville securities)) (PP-LOC in (NP the open market))) ; (NP (NP an extraordinary dividend) (PP on (NP the common stock))) ; or (NP (NP a recapitalization) (PP of (NP Manville))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The Soviet Union 's) jobless rate) (VP is (VP soaring (PP-DIR to (NP 27 %)) (PP-LOC in (NP some areas))))) , (NP-SBJ Pravda) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ-197 the situation) (VP is (VP caused (NP *-197) (PP by (NP-LGS efforts (S (NP-SBJ *) (VP to (VP streamline (NP bloated factory payrolls))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Unemployment) (VP has (VP (VP reached (NP-2 27.6 %) (PP-LOC-3 in (NP Azerbaijan))) , (VP (NP=2 25.7 %) (PP-LOC=3 in (NP Tadzhikistan))) , (VP (NP=2 22.8 %) (PP-LOC=3 in (NP Uzbekistan))) , (VP (NP=2 18.8 %) (PP-LOC=3 in (NP Turkmenia))) , (VP (NP=2 18 %) (PP-LOC=3 in (NP Armenia))) and (VP (NP=2 16.3 %) (PP-LOC=3 in (NP Kirgizia)))))) , (NP-SBJ the Communist Party newspaper) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ All) (VP are (NP-PRD (NP non-Russian republics) (PP-LOC along (NP (NP the southern border) (PP of (NP the Soviet Union))))))) , and (S (NP-SBJ (NP all) (PP but (NP Kirgizia))) (VP have (VP reported (NP rioting) (PP-TMP in (NP the past six months))))) .)) (TOP (S (NP-SBJ The newspaper) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (PP-PRD past (NP (NP time) (SBAR (WHADVP-1 0) for (S (NP-SBJ the Soviet Union) (VP to (VP create (NP (NP unemployment insurance) and (NP (NP retraining programs) (PP like (NP (NP those) (PP of (NP the West)))))) (ADVP-TMP *T*-1))))))))))) .)) (TOP (S (NP-SBJ Pravda) (VP (VP gave (NP (NP no estimate) (PP for (NP overall unemployment)))) but (VP said (SBAR 0 (S (NP-SBJ (NP an `` Association) (PP of (NP the Unemployed)) '' (SBAR *ICH*-1)) (VP has (VP cropped (PRT up) (SBAR-1 (WHNP-2 that) (S (NP-SBJ *T*-2) (VP says (SBAR 0 (S (NP-SBJ (NP the number) (PP of (NP jobless))) (VP is (NP-PRD (NP (QP 23 million) Soviets) , or (NP (NP 17 %) (PP of (NP the work force)))))))))))))))) .)) (TOP (S (NP-SBJ (NP An 11-week dispute) (PP involving (NP (NP Australia 's) 1,640 domestic pilots))) (VP has (VP (VP slashed (NP airline earnings)) and (VP crippled (NP (NP much) (PP of (NP (NP the continent 's) tourist industry)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The only people) (SBAR (WHNP-228 who) (S (NP-SBJ *T*-228) (VP are (VP flying))))) (VP are (NP-PRD (NP those) (SBAR (WHNP-229 who) (S (NP-SBJ-2 *T*-229) (VP have (S (NP-SBJ *-2) (VP to (VP *?*))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP-SBJ Frank Moore) , (NP (NP chairman) (PP of (NP the Australian Tourist Industry Association)))) .)) (TOP (S (NP-SBJ He) (VP added : `` (SBARQ (WHADVP-3 How) (SQ is (NP-SBJ-1 a travel agent) (VP going (S (NP-SBJ *-1) (VP to (VP sell (NP a holiday) (ADVP-MNR *T*-3) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ he) (VP can not (VP guarantee (NP a return flight) (ADVP-TMP *T*-2)))))))))))) ? '')) (TOP (S (NP-SBJ (NP Transport giant TNT) , (SBAR (WHNP-230 which) (S (NP-SBJ *T*-230) (VP owns (NP (NP half) (PP of (NP (NP one) (PP of (NP (NP the country 's) two major domestic carriers)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the cost) (PP of (NP the dispute))) (VP had (VP been (ADJP-PRD heavy) , (S-ADV (NP-SBJ *) (VP cutting (NP (NP TNT 's) profits) (NP-EXT 70 %) (PP-DIR to (NP (QP $ 12 million) *U*)) (PP-TMP in (NP (NP the three months) (PP to (NP Sept. 30))))))))))) .)) (TOP (S (NP-SBJ-2 (NP Brazilian financier Naji Nahas) , (SBAR (WHNP-1 who) (S (NP-SBJ-198 *T*-1) (VP was (VP arrested (NP *-198) (PP-TMP on (NP Monday)) (PP-TMP after (NP (NP 102 days) (PP-LOC in (NP hiding)))))))) ,) (VP is (ADJP-PRD likely (S (NP-SBJ-199 *-2) (VP to (VP be (VP interrogated (NP *-199) (NP-TMP next week) (PP by (NP-LGS the Brazilian judiciary)))))))) .)) (TOP (S (S (NP-SBJ (NP Mr. Nahas) , (SBAR (WHNP-231 who) (S (NP-SBJ *T*-231) (VP (ADVP-MNR single-handedly) provoked (NP (NP a one-day closure) (PP of (NP (NP Brazil 's) stock markets))) (PP-TMP in (NP June)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 he) (VP failed (S (NP-SBJ *-2) (VP to (VP honor (NP (NP a debt) (PP of (NP (QP $ 31.1 million) *U*)) (VP owed (NP *) (PP-DTV to (NP his brokers))))))) (ADVP-TMP *T*-1))))))) ,) (NP-TMP yesterday) (VP blamed (NP his predicament) (PP-CLR on (NP (NP the president) (PP of (NP the Sao Paulo stock exchange)))))) ; (S (PP-TMP (NP-ADV a few days) before (NP (NP Mr. Nahas 's) failure)) , (NP-SBJ the exchange) (VP raised (NP (NP the required margin) (PP on (NP stock-margin transactions))))) .)) (TOP (S (NP-SBJ (NP China 's) parliament) (VP ousted (NP two Hong Kong residents) (PP-CLR from (NP (NP a panel) (VP drafting (NP (NP a new constitution) (PP for (NP the colony))))))) .)) (TOP (S (NP-SBJ-200 (NP The two) , (NP (NP Szeto Wah) and (NP Martin Lee)) ,) (VP were (VP deemed (S (NP-SBJ *-200) (ADJP-PRD unfit)) (SBAR-PRP because (S (NP-SBJ they) (VP had (VP condemned (NP (NP (NP China 's) crackdown) (PP on (NP its pro-democracy movement))))))))) .)) (TOP (S (S (NP-SBJ The committee) (VP is (VP formulating (NP (NP Hong Kong 's) constitution) (PP for (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP reverts (PP-CLR to (NP Chinese control)) (PP-TMP in (NP 1997)) (ADVP-TMP *T*-1)))))))) , and (S (NP-SBJ Chinese lawmakers) (VP said (SBAR 0 (S (NP-SBJ the two) (VP can (ADVP only) (VP return (SBAR-ADV if (S (NP-SBJ they) `` (VP abandon (NP (NP (NP their antagonistic stand) (PP against (NP the Chinese government))) and (NP their attempt (S (NP-SBJ *) (VP to (VP nullify (NP (NP the Sino-British joint declaration) (PP on (NP Hong Kong))))))))))))))))) . '')) (TOP (NP-HLN (NP NUCLEAR REACTOR) (PP FOR (NP ISRAEL)) ?)) (TOP (S (NP-SBJ Israeli officials) (VP confirmed (SBAR that (S (NP-SBJ (NP Energy Minister Moshe Shahal) and (NP (NP his Canadian counterpart) , (NP Jake Epp) ,)) (VP discussed (NP (NP a possible Israeli purchase) (PP of (NP a (ADJP (QP $ 1.1 billion) *U*) Canadian nuclear reactor )) (PP-PRP for (S-NOM (NP-SBJ *) (VP producing (NP electricity))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP a Canadian Embassy official) (PP-LOC in (NP Tel Aviv))) (VP said (SBAR that (S (NP-SBJ-1 Canada) (VP was (ADJP-PRD unlikely (S (NP-SBJ *-1) (VP to (VP sell (NP the Candu heavy-water reactor) (PP-DTV to (NP Israel)))))) (SBAR-TMP since (S (NP-SBJ Israel) (VP has n't (VP signed (NP the Nuclear Non-Proliferation Treaty))))))))) .)) (TOP (S (NP-SBJ-201 Israel) (VP has (VP been (VP accused (NP-1 *-201) (PP-TMP in (NP the past)) (PP-CLR of (S-NOM (NP-SBJ-2 *-1) (VP using (NP subterfuge) (S-CLR (NP-SBJ *-2) (VP to (VP seek (NP (NP elements) (VP needed (NP *) (S-PRP (NP-SBJ *) (VP to (VP develop (NP nuclear weapons))))))))))))))) .)) (TOP (S (NP-SBJ-1 The (ADJP South Korean) government) (VP is (VP signing (NP a protocol) (NP-TMP today) (S-CLR (NP-SBJ *-1) (VP establishing (NP formal diplomatic relations) (PP-CLR with (NP Poland)))))) .)) (TOP (S (NP-SBJ The two) (VP are (ADVP also) (VP signing (NP a trade agreement))) .)) (TOP (S (NP-SBJ South Korean government officials) (VP said (SBAR 0 (S (NP-SBJ they) (VP do n't (VP expect (SBAR that (S (S (NP-SBJ Seoul) (VP can (VP loan (NP money) (PP-DTV to (NP Warsaw))))) , but (S (NP-SBJ it) (VP can `` (VP offer (NP experience))))))))))) . '')) (TOP (S (S (NP-SBJ Poland) (VP is (NP-PRD (NP the second Communist nation) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP recognize (NP the Seoul government)))))))) ; (S (NP-SBJ South Korea) (VP established (NP diplomatic relations) (PP-CLR with (NP Hungary)) (PP-TMP in (NP February 1989)))) .)) (TOP (S (NP-SBJ Venezuela) (VP will (VP hold (NP a debt-equity auction) (NP-TMP Friday) , (PP with (S-NOM (NP-SBJ 32 potential bidders) (VP participating))))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ Venezuela) (VP (VP announced (SBAR 0 (S (NP-SBJ it) (VP was (VP opening (PRT up) (NP debt-equity swaps) (PP-CLR to (NP foreign investors))))))) but (VP said (SBAR 0 (S (NP-SBJ the program) (VP would (VP be (ADJP-PRD limited (PP to (NP (NP a net disbursement) (PP of (NP (NP (QP $ 600 million) *U*) (NP-ADV a year)))))))))))) .)) (TOP (S (NP-SBJ (NP Friday 's) auction) (VP will (VP be (ADJP-PRD limited (PP to (NP (NP (QP $ 150 million) *U*) (VP disbursed (NP *) (PP by (NP-LGS the Central Bank)) (PP-CLR to (NP potential investors)))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The office) (PP of (NP foreign investment))) (VP has (VP authorized (NP (NP (ADJP (QP some $ 1.78 billion) *U*) worth) (PP of (NP investment proposals)))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Edwin Perozo) , (NP (NP superintendent) (PP of (NP foreign investment)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Most) (PP of (NP the proposals))) (VP are (PP-LOC-PRD in (NP (NP tourism) , (NP basic industry) and (NP fishery and agro-industry projects))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC Under (NP the debt-equity program)) , (S (NP-SBJ potential investors) (VP will (VP submit (NP (NP sealed bids) (PP on (NP (NP the percentage) (PP of (NP discount)) (SBAR (WHNP-1 0) (S (NP-SBJ-2 they) (VP are (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP purchase (NP the debt) (PP-CLR at (NP *T*-1))))))))))))))) , and (S (NP-SBJ-202 the bids) (VP will (VP be (VP allocated (NP *-202) (PP based (PP on (NP these discount offers))))))) .)) (TOP (S (NP-SBJ The Venezuelan central bank) (VP set (NP (NP a (ADJP 30 %) floor) (PP on (NP the bidding)))) .)) (TOP (S (NP-SBJ-203 (NP A song) (PP by (NP American singer Tracy Chapman)) (VP praising (NP jailed black leader Nelson Mandela))) (VP was (VP banned (NP *-203) (PP-CLR from (NP (ADJP South African) state radio and television)))) .)) (TOP (S (NP-SBJ The South African Broadcasting Corp.) (VP said (SBAR 0 (S (NP-SBJ (NP the song) `` (NP-TTL Freedom Now) '') (VP was `` (ADJP-PRD undesirable (PP for (NP broadcasting))))))) . '' ...)) (TOP (S (NP-SBJ (NP (NP Britain 's) House) (PP of (NP Commons))) (VP passed (NP (NP a law) (SBAR (WHNP-232 that) (S (NP-SBJ *T*-232) (VP will (VP force (S (NP-SBJ-1 English soccer fans) (VP to (VP carry (NP identity cards) (S-PRP (NP-SBJ *-1) (VP to (VP enter (NP stadiums))))))))))))) .)) (TOP (S (NP-SBJ-2 (NP The `` anti-hooligan '' law) , (SBAR (WHNP-233 which) (S (NP-SBJ *T*-233) (VP would (VP deprive (NP troublemakers) (PP-CLR of (NP cards)))))) ,) (VP (VP must (VP be (VP ratified (NP *-2) (PP by (NP-LGS (NP the House) (PP of (NP Lords))))))) and (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP become (ADJP-PRD effective) (NP-TMP early next year))))))) .)) (TOP (S (NP-SBJ A federal judge) (VP ruled (SBAR (SBAR that (S (NP-SBJ Imelda Marcos) (VP was n't (VP brought (PP-DIR to (NP the U.S.)) (PP against (NP her will)))))) and (SBAR that (S (NP-SBJ (NP marital privileges) , (SBAR (WHNP-234 which) (S (NP-SBJ *T*-234) (VP protect (NP-1 spouses) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP incriminating (NP each other))))))) ,) (VP do n't (VP apply (PP-LOC in (NP her case)))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ (NP Judge John F. Keenan) (PP of (NP New York))) (VP ordered (NP-2 Mrs. Marcos) (S (NP-SBJ *-2) (VP to (VP turn (PRT over) (PP-CLR to (NP the court)) (NP (NP all pleadings and documents) (SBAR (WHNP-1 0) (S (NP-SBJ she) (VP may (VP have (VP filed (NP *T*-1) (PP-LOC in (NP foreign countries)) (PP in (NP (NP opposition) (PP to (NP (NP U.S. requests) (PP for (NP evidence)))))))))))))))) .)) (TOP (S (NP-SBJ Mrs. Marcos) (VP had (VP claimed (SBAR that (S (NP-SBJ-1 she) (VP did n't (VP have (S (NP-SBJ *-1) (VP to (VP turn (PRT over) (NP the documents)))) (SBAR-PRP (SBAR because (S (NP-SBJ-204 she) (VP was (VP brought (NP *-204) (ADVP-DIR here) (ADVP-MNR involuntarily))))) and (SBAR because (S (S-NOM-SBJ (NP-SBJ *) (VP providing (NP the materials))) (VP would (VP violate (NP her marital privilege)))))))))))) .)) (TOP (S (PP-TMP In (NP 1988)) , (SBAR-TMP (NP-ADV (NP a year) and (NP a half)) after (S (NP-SBJ (NP Mrs. Marcos) and (NP (NP her late husband) , (NP Ferdinand Marcos) , (NP (NP the ousted president) (PP of (NP the Philippines))) ,)) (VP fled (NP the Philippines) (PP-DIR for (NP Hawaii))))) , (NP-SBJ-205 they) (VP were (VP charged (NP *-205) (PP-CLR with (NP (NP (NP racketeering) , (NP conspiracy) , (NP (NP obstruction) (PP of (NP justice))) and (NP mail fraud)) (PP in (NP (NP a scheme) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ they) (ADVP allegedly) (VP embezzled (NP (QP more than $ 100 million) *U*) (PP-CLR from (NP their homeland)) (PP-LOC *T*-1)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Much) (PP of (NP the money))) (VP was (VP (ADVP-MNR fraudulently) concealed (PP-MNR through (NP (NP purchases) (PP of (NP prime Manhattan real estate))))))) , (NP-SBJ federal prosecutors) (VP have (VP charged (SBAR 0 (S *T*-1)))) .)) (TOP (S (NP-SBJ-1 (NP Mrs. Marcos 's) trial) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP begin (PP-TMP in (NP March))))))) .)) (TOP (S (NP-SBJ U.S. law) (VP requires (S (NP-SBJ criminal defendants) (VP to (VP turn (PRT over) (NP (NP foreign documents) (PP such as (NP (NP those) (VP sought (NP *) (PP-LOC in (NP the Marcos case)))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 The law) (VP is (VP meant (S (NP-SBJ *-1) (VP to (VP overcome (NP (NP delays) (VP caused (NP *) (PP by (NP-LGS (NP (NP defendants ') use) (PP of (NP foreign procedures)) (S (NP-SBJ *) (VP to (VP block (NP (NP U.S. requests) (PP for (NP records)))))))))))))))) , (NP-SBJ Judge Keenan) (VP said (SBAR 0 (S *T*-3)) (PP-LOC in (NP his opinion))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ the documents) (VP could (VP involve (NP foreign business dealings or bank accounts))) .)) (TOP (S (NP-SBJ The U.S.) (VP has (VP charged (SBAR that (S (NP-SBJ (NP the Marcoses ') alleged crimes) (VP involved (NP (NP bank accounts) (PP-LOC in (NP (NP the Philippines) , (NP Hong Kong) , (NP the U.S.) and (NP other countries))))))))) .)) (TOP (S (PP On (NP (NP the allegation) (PP of (NP kidnapping)))) , (NP-SBJ Judge Keenan) (VP wrote , `` (S (NP-SBJ The suggestion (SBAR that (S (NP-SBJ-206 Mrs. Marcos) (VP was (VP brought (NP *-206) (PP-DIR to (NP this country)) (PP against (NP her will))))))) (VP is (ADJP-PRD unsupported (PP by (NP affidavit or affirmation)))))) . '')) (TOP (S (NP-SBJ The judge) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ (NP the two marital testimonial privileges) (VP cited (NP *) (PP by (NP-LGS Mrs. Marcos)))) (VP do n't (VP apply))))) .)) (TOP (S (NP-SBJ The first one) (VP permits (NP-1 a witness) (S (NP-SBJ-2 *-1) (VP to (VP refuse (S (NP-SBJ *-2) (VP to (VP testify (PP-CLR against (NP her spouse))))))))) .)) (TOP (S But (NP-SBJ Judge Keenan) (VP said (SBAR 0 (S (NP-SBJ (NP that privilege 's) purpose) (VP is `` (VP fostering (NP (NP harmony) (PP-LOC in (NP marriage)))))))) . '')) (TOP (S (S-TPC-1 (SBAR-PRP Because (S (NP-SBJ Mr. Marcos) (VP died (NP Sept. 28)))) , (NP-SBJ the privilege) (VP can (ADVP-TMP no longer) (VP apply))) , (NP-SBJ the judge) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The second marital privilege) (VP cited (NP *) (PP by (NP-LGS Mrs. Marcos)))) (VP protects (NP (NP confidential communications) (PP between (NP spouses)))) .)) (TOP (S But (NP-SBJ Judge Keenan) (VP said (SBAR 0 (S (NP-SBJ-1 that privilege) (VP is (VP meant (S (NP-SBJ *-1) (VP to (VP protect (NP (NP private utterances) (PRN -- not (NP (NP litigation papers) (VP filed (NP *) (PP with (NP foreign governments)))) , (SBAR-ADV as (S (NP-SBJ (NP Mrs. Marcos 's) attorneys) (VP maintained))))))))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ Judge Keenan) (VP threw (PRT out) (NP (NP most) (PP of (NP (NP Mrs. Marcos 's) objections)))))) , (NP-SBJ he) (VP agreed (PP-CLR with (NP (NP (NP one) (PP of (NP her concerns))) : (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP turning (PRT over) (NP the foreign documents))) (VP could (VP violate (NP (NP (NP the defendant 's) constitutional right) (PP against (NP self-incrimination)))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP will (VP examine (NP (NP the Marcos documents) (VP sought (NP *) (PP by (NP-LGS the prosecutors)))) (S-PRP (NP-SBJ *-1) (VP to (VP determine (SBAR whether (S (S-NOM-SBJ (NP-SBJ *) (VP turning (PRT over) (NP the filings))) (VP is (NP-PRD self-incrimination)))))))))))) .)) (TOP (S (NP-SBJ Judge Keenan) (ADVP also) (VP directed (NP-1 the prosecutors) (S (NP-SBJ *-1) (VP to (VP show (SBAR that (S (NP-SBJ-207 (NP (NP Mrs. Marcos 's) Fifth Amendment right) (PP against (NP self-incrimination))) (VP wo n't (VP be (VP violated (NP *-207)))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP (NP Mrs. Marcos 's) attorney) (PP-LOC in (NP New York))) , (NP Sandor Frankel) ,) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the ruling)))))) .)) (TOP (S (NP-SBJ Mrs. Marcos) (VP has n't (VP admitted (SBAR that (S (NP-SBJ she) (VP filed (NP (NP any documents) (PP such as (NP (NP those) (VP sought (NP *) (PP by (NP-LGS the government))))))))))) .)) (TOP (S (NP-SBJ (NP Charles LaBella) , (NP (NP the assistant U.S. attorney) (VP prosecuting (NP the Marcos case))) ,) (VP did n't (VP return (NP (NP phone calls) (VP seeking (NP comment))))) .)) (TOP (S-HLN (NP-SBJ U.S . AND BRITISH LAW FIRMS) (VP announce (NP (NP rare joint venture) (PP-LOC in (NP Tokyo)))) .)) (TOP (S (NP-SBJ-208 (NP (NP Sidley & Austin) , (NP a leading Chicago-based law firm)) , and (NP (NP Ashurst Morris Crisp) , (NP (NP a midsized London firm) (PP of (NP solicitors)))) ,) (VP are (VP scheduled (NP-TMP today) (S (NP-SBJ *-208) (VP to (VP announce (NP plans (S (NP-SBJ *) (VP to (VP open (NP a joint office) (PP-LOC in (NP Tokyo))))))))))) .)) (TOP (S (S (NP-SBJ-209 The firms) (VP will (VP be (VP registered (NP *-209) (PP-LOC under (NP Japanese law)) (PP-CLR as (NP foreign legal consultants)))))) and (S (NP-SBJ-210 (NP their practice) (PP with (NP Japanese clients))) (VP will (VP be (VP limited (NP *-210) (PP-CLR to (S-NOM (NP-SBJ *) (VP advising (NP them) (PP-CLR on (NP (NP matters) (PP of (NP foreign law))))))))))) .)) (TOP (S (NP-SBJ-1 The office) (VP may (ADVP also) (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP advise (NP (ADJP foreign and multinational) clients) (PP-CLR on (NP (NP international law) and (NP general matters))))))))) .)) (TOP (S (NP-SBJ The office) (VP will (VP provide `` (NP one-stop shopping) '' (PP-CLR for (NP (NP (NP Japanese financial institutions) and (NP other clients)) (VP seeking (NP (NP advice) (PP on (NP (NP access) (PP to (NP the world capital markets)))))))) , (PP according (PP to (NP (NP A. Bruce Schimberg) , (NP (NP Sidley 's) senior banking specialist) , (SBAR (WHNP-235 who) (S (NP-SBJ-1 *T*-235) (VP will (VP move (PP-DIR to (NP Tokyo)) (PP-DIR from (NP Chicago)) (S-PRP (NP-SBJ *-1) (VP to (VP open (NP the office)))) (NP-TMP next year)))))))))) .)) (TOP (S (NP-SBJ-211 The Sidley-Ashurst venture) (VP will (ADVP also) (VP be (VP staffed (NP *-211) (PP by (NP-LGS (NP (NP another Sidley partner) (VP specializing (PP-CLR in (NP corporate law)))) , (NP (NP a partner) (PP from (NP Ashurst)) (VP concentrating (PP-CLR on (NP acquisitions)))) and (NP a Japanese attorney)))))) .)) (TOP (S (NP-SBJ The office) (VP will (VP tap (NP (NP the resources) (PP of (NP (NP (NP (NP Sidley 's) 700 lawyers) (PP-LOC in (NP (NP the U.S.) , (NP London) and (NP Singapore)))) (CONJP as well as) (NP (NP the 400 Ashurst staff members) (PP-LOC in (NP London and Brussels)))))))) .)) (TOP (S (NP-SBJ Ashurst) (VP is (ADJP-PRD new (PP to (NP the Far East)))) .)) (TOP (S (NP-SBJ Sidley) (VP will (VP maintain (NP (NP its association) (PP with (NP (NP the Hashidate Law Office) (PP-LOC in (NP Tokyo))))))) .)) (TOP (S-HLN (NP-SBJ THE UNITED AUTO WORKERS) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP seek (NP (NP a rehearing) (PP of (NP (NP a U.S. appellate court ruling) (PP against (NP (NP the union 's) claim (SBAR that (S (NP-SBJ (NP the state) (PP of (NP Michigan))) (VP engages (PP-CLR in (NP (NP wage-discrimination) (PP against (NP female employees))))))))))))))))) .)) (TOP (S (NP-SBJ (NP A three-judge panel) (PP of (NP (NP the court) (PP-LOC in (NP Cincinnati))))) (VP made (NP the ruling) (NP-TMP Saturday)) .)) (TOP (S (NP-SBJ The UAW) (VP is (VP seeking (NP (NP a hearing) (PP by (NP the full 14-judge panel))))) .)) (TOP (S (NP-SBJ-1 The union) (VP sued (NP the state) (PP-TMP in (NP November 1985)) , (S-ADV (NP-SBJ *-1) (VP alleging (SBAR that (S (NP-SBJ it) (ADVP-MNR intentionally) (VP (VP segregated (NP job classifications) (PP-MNR by (NP sex))) and (VP paid (NP (NP employees) (PP-LOC in (NP (ADJP predominantly female) jobs))) (NP (NP less) (PP than (NP (NP males) (PP-LOC in (NP comparable jobs)))))))))))) .)) (TOP (S (NP-SBJ The UAW) (ADVP also) (VP charged (SBAR that (S (NP-SBJ the state) (VP applied (NP (NP its own standards) (PP for (S-NOM (NP-SBJ *) (VP determining (NP pay))))) (PP-MNR in (NP a discriminatory manner)))))) .)) (TOP (S (PP-TMP In (NP November 1987)) , (NP-SBJ (NP a district court judge) (PP-LOC in (NP Detroit))) (VP ruled (PP-CLR against (NP the UAW))) .)) (TOP (S (NP-SBJ The union) (VP is (NP-PRD (NP the bargaining representative) (PP for (NP (QP more than 20,000) Michigan state employees)))) .)) (TOP (NP-HLN NEW JERSEY MERGER :)) (TOP (S (NP-SBJ-212 (NP One) (PP of (NP (NP the largest law firms) (PP-LOC in (NP central New Jersey))))) (VP has (VP been (VP created (NP *-212) (PP-MNR through (NP (NP the merger) (PP of (NP (NP (NP Norris , McLaughlin & Marcus) , (NP a 41-lawyer firm) ,) and (NP (NP Manger , Kalison , McBride & Webb) , (NP (NP a health-care specialty law firm) (PP with (NP 14 lawyers))))))))))) .)) (TOP (S (NP-SBJ Norris McLaughlin) (VP is (NP-PRD (NP a general-practice firm) (SBAR (WHNP-236 that) (S (NP-SBJ *T*-236) (VP has (VP expanded (ADVP-TMP recently) (PP-CLR into (NP (NP such specialties) (PP as (NP (NP banking) , (NP labor) and (NP environmental work))))))))))) .)) (TOP (S (NP-SBJ The merged firm) (VP will (VP carry (NP (NP Norris McLaughlin 's) name))) .)) (TOP (NP-HLN DRUG WARS :)) (TOP (S (NP-SBJ A Texas legislator) (VP proposes (S (NP-SBJ *) (VP color-coding (NP (NP (NP drivers ') licenses) (PP of (NP some drug offenders)))))) .)) (TOP (S (NP-SBJ The bill) (VP would (VP authorize (S (NP-SBJ courts) (VP to (VP order (NP the licenses) (PP as (NP (NP a condition) (PP of (NP probation))))))))) .)) (TOP (S (NP-SBJ (NP State Senator J.E. `` Buster '' Brown) , (NP (NP a Republican) (SBAR (WHNP-237 who) (S (NP-SBJ *T*-237) (VP is (VP running (PP-CLR for (NP Texas attorney general))))))) ,) (VP introduced (NP the bill)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ an altered license) (VP (VP would (VP be (NP-PRD (NP an `` embarrassment '') (PP to (NP (NP teenagers) and (NP young adults)))))) and (VP would (VP act (PP-MNR as (NP (NP a deterrant) (PP to (NP drug use)))))))))) .)) (TOP (S (NP-SBJ (NP Richard Avena) , (NP (NP executive director) (PP of (NP the Texas Civil Liberties Union))) ,) (VP (VP called (S (NP-SBJ the proposal) `` (NP-PRD political gimmickry))) , '' and (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP fails (S (NP-SBJ *-1) (VP to (VP recognize (NP the drug problem) (PP-CLR as (NP a health issue)))))))))) .)) (TOP (S (NP-SBJ-1 (NP The amendment) , (VP offered (NP *) (PP by (NP-LGS (NP Rep. Douglas Bosco) (PRN -LRB- (NP D.) , (NP-LOC Calif.) -RRB-)))) ,) (VP was (VP approved (NP *-1) (ADVP 283-132) (PP-TMP during (NP (NP debate) (PP on (NP (NP a bill) (VP designed (S (NP-SBJ *) (VP to (VP strengthen (NP (NP (NP the Transportation Department 's) authority) (PP-LOC in (S-NOM (NP-SBJ *) (VP dealing (PP-CLR with (NP (NP leveraged buy-outs) (PP of (NP airlines)))))))))))))))))) .)) (TOP (S (NP-SBJ The bill) (VP would (VP require (S (NP-SBJ the agency) (VP to (VP block (NP (NP the acquisition) (PP of (NP (NP (QP 15 % or more) *U*) (PP of (NP (NP an airline 's) stock))))) (SBAR-ADV if (S (NP-SBJ the purchase) (VP (VP threatened (NP safety)) , (VP reduced (NP (NP the carrier 's) ability (S (NP-SBJ *) (VP to (VP compete))))) , or (VP put (NP the airline) (PP-PUT under (NP foreign control))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Debate) (PP on (NP (NP the legislation) , (SBAR (WHNP-238 which) (S (NP-SBJ *T*-238) (VP faces (NP (NP a veto threat) (PP from (NP President Bush)))))) ,))) (VP is (S (NP-SBJ *-1) (VP to (VP continue (NP-TMP today))))) .)) (TOP (S (NP-SBJ The amendment) (VP would (VP require (S (NP-SBJ the department) (VP to (VP block (NP (NP the purchase) (PP of (NP a major airline)) (PP by (NP (NP anyone) (SBAR (WHNP-239 who) (S (NP-SBJ *T*-239) (VP has (VP run (NP (NP (QP two or more) carriers) (SBAR (WHNP-240 that) (S (NP-SBJ *T*-240) (VP have (VP filed (PP-CLR for (NP (NP protection) (PP from (NP creditors)))) (PP-LOC under (NP (NP Chapter 11) (PP of (NP the Bankruptcy Code))))))))))))))))))))) .)) (TOP (S (PP-TMP In (NP 1983)) , (NP-SBJ (NP Texas Air 's) Continental Airlines) (VP filed (PP-CLR for (NP bankruptcy))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ (NP Texas Air 's) Eastern Airlines) (VP filed (PP-CLR for (NP bankruptcy))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 This) (VP ought (S (NP-SBJ-3 *-2) (VP to (VP be (VP subtitled (S (NP-SBJ *-3) (NP-PRD the ` (S-TTL (NP-SBJ *) (VP Do n't (VP let (S (NP-SBJ Frank Lorenzo) (VP take (PRT over) (NP another airline)))))) ' amendment)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP-SBJ Rep. James Oberstar) (PRN -LRB- (NP D.) , (NP-LOC Minn.) -RRB-) , (NP (NP chairman) (PP of (NP the House aviation subcommittee))) , (SBAR (WHNP-241 who) (S (NP-SBJ *T*-241) (VP argued (SBAR that (S (NP-SBJ the provision) (VP was (ADJP-PRD unnecessary) (SBAR-PRP because (S (NP-SBJ the bill) (ADVP already) (VP would (VP give (NP the department) (NP ample power (S (NP-SBJ *) (VP to (VP block (NP undesirable deals)))))))))))))))) .)) (TOP (S (PP-TMP For (NP years)) , (NP-SBJ a strict regimen) (VP governed (NP (NP the staff meetings) (PP-LOC at (NP (NP (NP Nissan Motor Co. 's) technical center) (PP-LOC in (NP (NP Tokyo 's) western suburbs)))))) .)) (TOP (S (NP-SBJ Employees) (VP wore (NP (NP identification badges) (VP listing (NP (CONJP not only) (NP their names) (CONJP but also) (NP (NP their dates) (PP of (NP hire))))))) .)) (TOP (S (S (NP-SBJ No one) (VP could (VP voice (NP an opinion) (SBAR-TMP until (S (NP-SBJ (NP everybody) (PP with (NP more seniority))) (VP had (VP spoken (ADVP-TMP first)))))))) , so (S (NP-SBJ (NP younger employees) (PRN -- (ADVP-TMP often) (NP the (ADJP most enthusiastic and innovative)) --)) (ADVP-TMP seldom) (VP spoke (PRT up) (ADVP at all))) .)) (TOP (S But (PP-TMP in (NP 1986)) , (NP-SBJ-215 (NP the badges) and (NP the `` (S-TTL (NP-SBJ *) (VP do n't (VP speak (PP out (PP of (NP turn)))))) '' rule)) (VP were (VP (VP abolished (NP *-215)) (PRN -- (NP (NP early steps) (PP in (NP (NP a cultural revolution) (VP (ADVP still) rolling (ADVP on) (PP-CLR with (NP (NP all the subtlety) (PP of (NP a freight train))))))))))) .)) (TOP (S (PP-TMP In (NP recent years)) , (NP-SBJ Nissan) (VP has (VP (VP instituted (NP flex-time work schedules)) and (VP allowed (S (NP-SBJ employees) (VP to (VP dress (UCP-MNR (ADVP casually) , (PP (ADVP even) in (NP blue jeans))))))))) .)) (TOP (S (S (NP-SBJ-216 (NP A rule) (VP forbidding (NP-1 staffers) (S (NP-SBJ *-1) (VP to (VP own (NP (NP competitors ') cars)))))) (VP has (VP been (VP lifted (NP *-216))))) , and (S (ADVP-TMP now) (NP-SBJ-2 many designers) (VP drive (NP foreign cars) (S-PRP (NP-SBJ *-2) (VP to (VP get (NP useful ideas)))))) .)) (TOP (S (NP-SBJ-217 (NP (NP Nissan 's) decades-old corporate song) (VP filled (NP *) (PP with (NP (NP references) (PP to (NP Mount Fuji)))))) (VP has (VP been (VP scrapped (NP *-217) (PP in (NP (NP favor) (PP of (NP (NP a snappy tune) (VP sung (NP *) (PP by (NP-LGS a popular Japanese vocalist)))))))))) .)) (TOP (S And (PP-LOC in (NP a Japanese corporate first)) , (NP-SBJ Nissan) (ADVP-TMP recently) (VP opened (NP (NP the first coed company dormitory) (PP for (NP single employees))) (PP-LOC at (NP the suburban Tokyo technical center))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP had (NP (NP lots) (PP of (NP internal debate)) (PP about (NP this one))))) , '' (VP concedes (S *T*-1)) (NP-SBJ (NP Tadahiko Fukuyama) , (NP a senior public-relations official)) .)) (TOP (S `` But (PP-TMP in (NP the end)) , (NP-SBJ-1 top management) (VP decided (S (NP-SBJ *-1) (VP to (VP follow (NP (NP the voice) (PP of (NP the younger generation))))))) . '')) (TOP (S (NP-SBJ This corporate glasnost) (VP is (NP-PRD (NP a big reason) (SBAR (WHADVP-1 0) (S (NP-SBJ Nissan) , (PP-TMP after (NP (NP years) (PP of (S-NOM (NP-SBJ *) (VP making (NP (NP lackluster cars) and (NP lousy profits))))))) , (VP (VP has (VP loosened (PRT up) (NP its rigid ways))) and (VP (ADVP-TMP now) is (VP riding (NP (NP a string) (PP of (NP hits)) , (VP ranging (PP-CLR (PP from (NP (NP the sleek Maxima sedan) and (NP Porsche-like 300ZX))) (PP to (NP (NP the (ADJP whimsically nostalgic) Pao) , (NP (NP a minicar) (VP sold (NP *) (PP-LOC (ADVP only) in (NP Japan))))))))))) (ADVP-PRP *T*-1)))))) .)) (TOP (S (S (NP-SBJ (NP The company 's) turnaround) (VP is (ADVP-PRD far (PP from (ADJP complete))))) ; (S (NP-SBJ many crucial tests) (VP are (VP (ADVP just) beginning))) .)) (TOP (S But (NP-SBJ its surprising progress) (ADVP-TMP so far) (VP holds (NP (NP important lessons) (PP for (NP (NP companies) (PP in (NP trouble)))))) .)) (TOP (FRAG (NP The big one) : (S (NP-SBJ-1 (NP A company 's) culture) (VP ca n't (VP be (VP (ADVP-MNR radically) changed (NP *-1) (SBAR-ADV unless (S (NP-SBJ top management) (VP (VP (ADVP-TMP first) admits (SBAR that (S (NP-SBJ things) (VP have (VP gone (ADJP-PRD badly awry)))))) and (VP (ADVP-TMP then) (ADVP-MNR publicly) leads (NP the charge))))))))) .)) (TOP (S (NP-SBJ-2 (NP Atsushi Muramatsu) , (NP (NP (NP Nissan 's) executive vice president) (PP for (NP finance))) ,) (VP helped (S (NP-SBJ *-2) (VP set (NP the tone))) (PP-TMP in (NP December 1986)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the company) (VP was (VP heading (PP-DIR toward (NP (NP the first operating loss) (PP by (NP a Japanese auto maker)) (PP-TMP since (NP (NP the nation 's) postwar recovery)))) (ADVP-TMP *T*-1)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD (NP a time) (PP of (NP self-criticism)) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP discover (SBAR (WHNP-242 what) (S (NP-SBJ *T*-242) (VP is (ADJP-PRD wrong (PP with (NP us)))))) (ADVP-TMP *T*-2)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Yutaka Kume) , (SBAR (WHNP-243 who) (S (NP-SBJ *T*-243) (VP took (NP the helm) (PP-CLR as (NP (NP Nissan 's) president)) (PP-TMP in (NP June 1985))))) ,) (VP added (ADVP-MNR simply) , `` (S (NP-SBJ I) (VP am (ADJP-PRD deeply disappointed)))) . '')) (TOP (NP No wonder .)) (TOP (S (NP-SBJ-1 (NP Nissan) , (NP (NP (NP Japan 's) second-largest auto maker) and (NP (NP the world 's) fourth-largest)) ,) (VP was (VP getting (VP beat (PRT up) (NP *-1) (PP (CONJP not only) (PP by (NP-LGS (NP its bigger rival) , (NP Toyota Motor Corp.) ,)) (CONJP but also) (PP by (NP-LGS (NP Honda Motor Co.) , (NP (NP (NP the (ADJP most successful) Japanese car company) (PP-LOC in (NP the U.S.))) but (NP (NP a relative pipsqueak) (PP-LOC in (NP Japan)))))))))) .)) (TOP (S (NP-SBJ (NP (NP Nissan 's) market share) (PP-LOC in (NP Japan))) (VP had (VP been (VP dropping (NP-ADV (NP year) (PP by (NP year))) (PP-TMP since (NP (NP the beginning) (PP of (NP the decade))))))) .)) (TOP (S (NP-SBJ Its U.S. sales) (VP sagged , (PP-PRP (ADVP partly) because of (NP (NP price increases) (ADJP due (PP to (NP the rising yen)))))) .)) (TOP (S (ADVP Worst (PP of (NP all))) , (NP-SBJ-218 Nissan) (VP was (VP preoccupied (NP *-218) (PP-CLR with (NP (NP management infighting) , (NP cronyism) and (NP corporate rigidity))))) .)) (TOP (S (NP-SBJ *) (VP Consider (NP (NP the experience) (PP of (NP (NP Satoko Kitada) , (NP (NP a 30-year-old designer) (PP of (NP vehicle interiors)) (SBAR (WHNP-244 who) (S (NP-SBJ *T*-244) (VP joined (NP Nissan) (PP-TMP in (NP 1982)))))))))) .)) (TOP (S (PP-TMP At (NP that time)) , (NP-SBJ-219 tasks) (VP were (VP assigned (NP *-219) (PP-MNR (ADVP strictly) on (NP (NP the basis) (PP of (NP seniority)))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 The oldest designer) (VP got (S (NP-SBJ *-1) (VP to (VP work (PP-CLR on (NP the dashboard))))))) , '' (NP-SBJ she) (VP recalls (S *T*-2)) .)) (TOP (S `` (NP-SBJ (NP The next level) (ADVP-LOC down)) (VP did (NP doors)) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 a new person) (VP got (S (NP-SBJ *-1) (VP to (VP work (PP-CLR on (NP (NP part) (PP of (NP the speedometer)))))))))) , (NP-SBJ that) (VP was (NP-PRD a big deal)) . '')) (TOP (S (NP-SBJ This system) (VP produced (NP (NP boring , boxy cars) (SBAR (WHNP-245 that) (S (NP-SBJ consumers) (ADVP just) (VP were n't (VP buying (NP *T*-245))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP (ADVP-MNR Desperately) hoping (S (NP-SBJ *-1) (VP to (VP spark (NP sales)))))) , (NP-SBJ-2 Nissan) (VP transferred (NP 5,000 middle managers and plant workers) (PP-CLR to (NP dealerships))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ President Kume) (VP ordered (S (NP-SBJ-1 (NP everyone) (PP (PP from (NP top executives)) (PP to (NP rookie designers)))) (VP to (VP go `` (NP town watching) , '' (S-CLR (NP-SBJ-3 *-1) (VP to (VP visit (NP (NP chic parts) (PP of (NP Tokyo))) (S-PRP (NP-SBJ-2 *-3) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP gain (NP (NP insights) (PP into (S-NOM (NP-SBJ *) (VP developing (NP cars) (PP for (NP trend-setters))))))))))))))))))) .)) (TOP (S (NP-SBJ Some town-watching excursions) (VP were (ADJP-PRD downright comic)) .)) (TOP (S (NP-SBJ-1 (NP One group) (PP of (NP (NP middle-aged manufacturing men) (PP from (NP (NP (NP the company 's) Zama plant) (PP-LOC outside (NP Tokyo))))))) (VP was (VP supposed (S (NP-SBJ *-1) (VP to (VP check (PRT out) (NP (NP a trendy restaurant) (PP-LOC in (NP the city)))))))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP arrived (PP-LOC-CLR at (NP the door)) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 all) (VP were (ADJP-PRD afraid (S (NP-SBJ *-2) (VP to (VP go (ADVP-DIR in))))) , (S-ADV (NP-SBJ *-2) (VP fearing (SBAR that (S (NP-SBJ they) (VP would (VP be (PP-PRD out (PP of (NP place)))))))))) .)) (TOP (S (NP-SBJ Other trips) (VP were (ADJP-PRD more productive)) .)) (TOP (S (NP-SBJ (NP Mr. Kume) (NP himself)) (VP visited (NP (NP (NP Honda 's) headquarters) (PP-LOC in (NP (NP Tokyo 's) upscale Aoyama district)))) .)) (TOP (S (NP-SBJ He) (VP liked (NP (NP the well-lighted lobby display) (PP of (NP (NP Honda 's) cars and trucks))) (ADVP (ADVP so much) (SBAR that (S (NP-SBJ he) (VP had (S (NP-SBJ (NP Nissan 's) gloomy lobby exhibit) (VP refurbished))))))) .)) (TOP (S (ADVP-TMP Later) , (NP-SBJ Nissan) (VP borrowed (NP (NP other Honda practices) , (PP including (NP (NP an engineering `` idea contest '') (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP promote (NP inventiveness))))))))) .)) (TOP (S (NP-SBJ One engineer) (VP developed (NP (NP a `` crab car '') (SBAR (WHNP-246 that) (S (NP-SBJ *T*-246) (VP moves (ADVP-DIR sideways)))))) .)) (TOP (S (S (NP-SBJ Such sudden cultural shifts) (VP may (VP come (PRT across) (PP-CLR as (ADJP (NP-ADV a bit) forced))))) , but (S (NP-SBJ-1 they) (VP seem (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD genuine) (PRN -- (ADVP (ADVP so much so) , (PP in (NP fact)) , (SBAR that (S (NP-SBJ some older employees) (VP have (VP resisted))))))))))) .)) (TOP (S (S (NP-SBJ Nissan) (VP handled (NP the die-hards) (PP-MNR in (NP a (ADJP typically Japanese) fashion)))) : (SINV (S-TPC-1 (NP-SBJ-2 They) (VP (VP were n't (VP fired (NP *-2))) but (ADVP instead) `` (VP were (VP neglected (NP *-2))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Kouji Hori) , (NP (NP the personnel manager) (PP-LOC at (NP the Nissan Technical Center))))) .)) (TOP (S (PP Despite (NP (NP the pain) (PP of (NP adjusting)))) , (NP-SBJ-1 the cultural revolution) (VP has (VP begun (S (NP-SBJ *-1) (VP to (VP yield (NP exciting cars)))))) .)) (TOP (S (S (ADVP-TMP (NP A year) ago) , (NP-SBJ the company) (ADVP completely) (VP revamped (NP (NP its near-luxury sedan) , (NP the (ADJP $ 17,699 *U*) Maxima) , (SBAR (WHNP-247 which) (S (NP-SBJ *T*-247) (VP competes (PP-CLR against (NP (NP a broad range) (PP of (NP upscale sedans)))))))))) ; (S (NP-SBJ it) (VP replaced (NP its boxy , pug-nosed body) (PP-CLR with (NP sleek , aerodynamic lines)))) .)) (TOP (S (PP-TMP Since (ADVP then)) , (NP-SBJ Nissan) (ADVP also) (VP has (VP launched (NP (NP new versions) (PP of (NP (NP the (ADJP $ 13,249 *U*) 240SX sporty coupe) and (NP 300ZX sports car)))))) .)) (TOP (S (NP-SBJ The restyled 300ZX) (VP (VP costs (NP (QP as much as $ 33,000) *U*)) and (VP is (VP squared (PRT off) (PP-CLR against (NP (NP the Porche 944) , (SBAR (WHNP-248 which) (S (NP-SBJ *T*-248) (VP begins (PP-CLR at (NP $ 41,900 *U*)))))))))) .)) (TOP (S (PP Besides (NP new styling)) , (NP-SBJ the new Nissans) (VP have (NP (NP (ADJP more powerful) engines) and (NP (ADJP more sophisticated) suspension systems))) .)) (TOP (S (NP-SBJ All three new models) (VP are (VP outselling (NP their predecessors) (PP by (NP wide margins)))) .)) (TOP (S (PP-LOC In (NP its home market)) , (NP-SBJ Nissan) (VP has (VP grabbed (NP attention) (PP with (NP (NP limited-production minicars) (VP featuring (NP (NP styling) (ADJP odd enough (S (NP-SBJ *) (VP to (VP be (ADJP-PRD cute))))))))))) .)) (TOP (S (NP-SBJ One) (VP is (NP-PRD (NP the Pao) , (NP (NP a tiny coupe) (PP with (NP (NP a peelback canvas top) and (NP (NP tilted headlights) (SBAR (WHNP-249 that) (S (NP-SBJ *T*-249) (VP give (NP it) (NP a droopy-eyed look)))))))))) .)) (TOP (S (S (NP-SBJ-1 Nissan) (ADVP-TMP initially) (VP planned (S (NP-SBJ *-1) (VP to (VP sell (NP (QP just 10,000) Paos)))))) , but (S (NP-SBJ sales) (VP have (VP passed (NP 50,000)))) , and (S (NP-SBJ there) (VP 's (NP-PRD (NP a one-year waiting list) (PP for (NP the car))))) .)) (TOP (S (ADVP Then) , (NP-SBJ there) (VP 's (NP-PRD (NP the S-Cargo) , (NP (NP an offbeat delivery van) (PP with (NP (NP a snail-like body) (SBAR (WHNP-250 that) (S (NP-SBJ *T*-250) (VP inspired (NP its name))))))))) .)) (TOP (S (NP-SBJ-1 Nissan) (VP helped (S (NP-SBJ *-1) (VP develop (NP (NP a Tokyo restaurant) (PP with (NP (NP both vehicles) (PP as (NP its design theme)))))))) .)) (TOP (S (S (NP-SBJ The chairs) (VP are (NP-PRD S-Cargo seats))) , and (S (NP-SBJ a gift shop) (VP sells (NP (NP such items) (PP as (NP (NP alarm clocks) (VP styled (NP *) (PP-MNR like (NP (NP the Pao 's) oversized speedometer)))))))) .)) (TOP (S (NP-SBJ All these vehicles) (VP (VP have (VP (ADVP-MNR sharply) improved (NP (NP Nissan 's) morale and image))) -- but (VP have n't (VP done (NP much) (PP for (NP its market share))))) .)) (TOP (S (NP-SBJ-1 Nissan) (VP had (NP (NP 29 %) (PP of (NP the Japanese car market))) (PP-TMP in (NP 1980)) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP beginning (NP (NP a depressing eight-year slide) (SBAR (WHNP-251 that) (S (NP-SBJ *T*-251) (VP continued (PP-TMP through (NP last year)))))))))) .)) (TOP (S (S (NP-SBJ-1 Strong sales) (ADVP-TMP (ADVP so far) (NP this year)) (VP are (ADJP-PRD certain (S (NP-SBJ *-1) (VP to (VP turn (NP the tide))))))) , but (S (NP-SBJ (NP even the (ADJP 25 %) market share) (SBAR (WHNP-252 that) (S (NP-SBJ Nissan) (VP expects (NP *T*-252) (PP-TMP in (NP 1989)))))) (VP will (VP leave (NP it) (PP-LOC-CLR (ADVP far) below (NP (NP its position) (PP-TMP at (NP (NP the beginning) (PP of (NP the decade))))))))) .)) (TOP (S (S (NP-SBJ Nissan) (VP concedes (SBAR that (S (NP-SBJ it) (VP wo n't (VP recoup (NP (NP all its market-share losses) (PP-LOC in (NP Japan))) (PP-TMP until (NP (ADVP at least) 1995)))))))) , and (S (NP-SBJ even that timetable) (VP might (VP prove (ADJP-PRD optimistic)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 Everyone else) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP catch (PRT up) '' (PP-CLR with (NP (NP Nissan 's) innovative designs)))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP A. Rama Krishna) , (NP (NP auto analyst) (PP-LOC at (NP First Boston (PRN -LRB- (NP-LOC Japan) -RRB-) Ltd)))) .)) (TOP (S-1 (NP-SBJ (NP (NP Nissan 's) pace) (PP of (NP new-model hits))) (VP will (VP slow (PRN , (S (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1)))) ,) (SBAR-TMP just as (S (NP-SBJ arch-rival Toyota) (VP unleashes (NP (NP its own batch) (PP of (NP new cars)))))))) .)) (TOP (S (ADVP Likewise) , (PP-LOC in (NP the U.S.)) , (NP-SBJ Nissan) (VP has (VP grabbed (NP (NP 5.2 %) (PP of (NP the car market))) (ADVP-TMP (ADVP so far) (NP this year)) , (ADVP up (PP from (NP 4.5 %) (NP-TMP a year ago))))) .)) (TOP (S But (NP-SBJ even that) (VP (VP brings (NP Nissan) (PP-DIR-CLR (ADVP only) to (NP (NP the share) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP had (NP *T*-1) (PP-TMP in (NP 1987)))))))) , and (VP leaves (NP the company) (PP-LOC-CLR behind (NP (NP its high) (PP of (NP 5.5 %)) (PP-TMP in (NP 1980 and 1982)))))) .)) (TOP (FRAG Why ?)) (TOP (S (ADVP-TMP So far) , (NP-SBJ (NP Nissan 's) new-model successes) (VP are (ADVP mostly) (NP-PRD (NP specialized vehicles) (PP with (NP limited sales potential)))) .)) (TOP (S (PP-LOC In (NP (NP compact and subcompact cars) , (NP (NP the bread-and-butter sales generators) (PP for (NP Japanese auto makers))) ,)) (NP-SBJ Nissan) (ADVP still) (VP trails (NP Toyota and Honda)) .)) (TOP (S (NP-SBJ Nissan) (VP hopes (SBAR that (S (NP-SBJ-1 that) (VP will (VP start (S (NP-SBJ *-1) (VP to (VP change))) (NP-TMP this fall) , (PP with (NP (NP its new version) (PP of (NP the Stanza compact sedan))))))))) .)) (TOP (S (NP-SBJ The Stanza) (VP has (VP been (NP-PRD a nonentity) (PP compared (PP with (NP (NP (NP Honda 's) (ADJP hugely successful) Accord) and (NP (NP Toyota 's) Camry)))))) .)) (TOP (S But (NP-TMP this year) , (NP-SBJ Honda) (VP (VP has (VP revamped (NP the Accord))) and (VP made (S (NP-SBJ it) (NP-PRD a midsized car)))) .)) (TOP (S (S (NP-SBJ Nissan) (ADVP instead) (VP has (VP (VP kept (S (NP-SBJ its new Stanza) (ADJP-PRD (ADVP (NP-ADV a bit) smaller) (PP than (NP that))))) and (VP cut (NP the base price) (NP-EXT 6 %))))) ; (S (PP-LOC at (NP $ 11,450 *U*)) , (NP-SBJ Stanza prices) (VP (VP start (PP-LOC-CLR (NP-ADV $ 749 *U*) below (NP the predecessor model))) yet (VP have (NP a more-powerful engine)))) .)) (TOP (S (NP-SBJ Accord prices) (VP start (PP-CLR at (NP $ 12,345 *U*))) .)) (TOP (S (NP-SBJ (NP Nissan 's) risk) (VP is (SBAR-PRD that (S (NP-SBJ-1 its low-base-price strategy) (VP might (VP get (VP lost (NP *-1) (PP-LOC amid (NP (NP the (ADJP highly publicized) rebates) (VP being (VP offered (NP *) (PP by (NP-LGS (NP Detroit 's) Big Three)))))))))))) .)) (TOP (SINV (S-TPC-1 But `` (PP on (NP a new car)) , (NP-SBJ a rebate) (VP does n't (VP work (ADVP-MNR well) '' (SBAR-PRP because (S (NP-SBJ it) (VP cheapens (NP (NP the vehicle 's) image))))))) , (VP contends (SBAR 0 (S *T*-1))) (NP-SBJ (NP Thomas D. Mignanelli) , (NP (NP executive vice president) (PP of (NP (NP Nissan 's) U.S. sales arm)))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ the new Stanza) (VP succeeds))) , (NP-SBJ Nissan) (VP will (VP remain (ADVP-LOC-CLR behind) (PP-LOC in (NP (NP the subcompact segment) , (SBAR (WHADVP-1 where) (S (NP-SBJ its Sentra) (VP does n't (VP measure (PRT up) (PP-CLR to (NP the (NX (NX Honda Civic) and (NX Toyota Corolla)))) (ADVP-LOC *T*-1))))))))) .)) (TOP (S (NP-SBJ Nissan) (VP will (VP introduce (NP a (ADJP completely revamped) Sentra) (NP-TMP next fall))) .)) (TOP (S (PP-LOC At (NP (NP the opposite end) (PP of (NP the market)))) , (NP-SBJ Nissan) (VP launches (NP its luxury Infiniti division) (PP-TMP on (NP Nov. 8)) -- (SBAR-TMP (SBAR (NP-ADV three years) after (S (NP-SBJ Honda) (VP pioneered (NP Japanese luxury cars)))) and (SBAR (NP-ADV two months) after (S (NP-SBJ (NP Toyota 's) Lexus) (VP went (PP-CLR on (NP sale))))))) .)) (TOP (S (NP-SBJ-1 Nissan) (VP started (S (NP-SBJ *-1) (VP advertising (NP Infiniti) (SBAR-TMP (NP-ADV fully eight months) before (S (NP-SBJ the cars) (VP hit (NP American showrooms))))))) .)) (TOP (S (NP-SBJ The ads) (VP featured (NP (NP (NP fences) , (NP rocks) and (NP pussy-willow buds)) -- (NP (NP almost anything) but (NP (NP the cars) (NP themselves))))) .)) (TOP (S (NP-SBJ The ads) (VP have (VP generated (NP (NP some laughs) but also (NP (NP plenty) (PP of (NP attention)))) (SBAR-PRP because (S (NP-SBJ they) (VP are (PP-PRD (ADVP so) unlike (NP any other U.S. auto advertising))))))) .)) (TOP (S (PP On (NP the other hand)) , (NP-SBJ (NP (NP Nissan 's) sales goals) (PP for (NP Infiniti))) (VP are (ADJP-PRD modest) (PP compared (PP with (NP (NP (NP Toyota 's) targets) (PP for (NP Lexus)))))) .)) (TOP (S (NP-SBJ-1 Nissan) (VP will (VP build (NP (NP (QP only about 3,500)) (PP of (NP the (ADJP $ 38,000 *U*) Infiniti Q45 sedans ))) (NP-TMP each month) , (S-ADV (NP-SBJ *-1) (VP (VP sending (NP (NP (QP about 2,000)) (PP of (NP them))) (PP-DIR to (NP the U.S.))) and (VP keeping (NP the rest) (PP-CLR for (NP (NP sale) (PP-LOC in (NP Japan))))))))) .)) (TOP (S (NP-SBJ-1 Toyota) (VP wants (S (NP-SBJ *-1) (VP to (VP sell (NP (QP about 49,000) Lexus LS400 sedans) (NP-TMP next year) (PP-LOC in (NP (NP the U.S.) (ADVP alone))))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ I) (VP saw (NP the Lexus sales projections) (ADVP-TMP *T*-2)))) , (NP-SBJ I) (VP got (ADJP-PRD worried))) , '' (VP confesses (S *T*-1)) (NP-SBJ (NP Takashi Oka) , (SBAR (WHNP-253 who) (S (NP-SBJ *T*-253) (VP led (NP the Infiniti development team))))) .)) (TOP (S-1 But (PP on (NP reflection)) (PRN , (S (NP-SBJ Mr. Oka) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ he) (VP concluded (SBAR that (S (NP-SBJ-2 Nissan) (VP is (VP being (ADJP-PRD prudent) (PP-LOC in (S-NOM (NP-SBJ *-2) (VP (VP following (NP its slow-startup strategy)) (CONJP instead of) (VP (ADVP-MNR simply) copying (NP Lexus)))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ Infiniti) (VP is (NP-PRD (NP (NP Nissan 's) big business move) (PP for (NP the 21st century))))) , and (S (NP-SBJ we) (VP 're (PP-PRD in (NP no hurry (S (NP-SBJ *) (VP to (VP generate (NP large profits) (ADVP-TMP right away))))))))) , '' (NP-SBJ Mr. Oka) (VP says (S *T*-1)) .)) (TOP (S (S-TPC-1 (PP Despite (NP plans (S (NP-SBJ *) (VP to (VP add (NP two new Infiniti models) (NP-TMP next year) , (S-ADV (NP-SBJ *) (VP bringing (NP the total) (PP-CLR to (NP four))))))))) , (NP-SBJ Infiniti) (VP wo n't (VP show (NP profits) (PP-TMP for (NP (QP at least five) years))))) , (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1)) ) .)) (TOP (S (NP-TMP These days) (NP-SBJ Nissan) (VP can (VP afford (NP that strategy) , (SBAR-ADV even though (S (NP-SBJ profits) (VP are n't (ADJP-PRD exactly robust)))))) .)) (TOP (S (NP-SBJ Nissan) (VP had (NP (NP (NP record net income) (PP of (NP (NP (QP 114.63 billion) yen) (PRN -LRB- (NP (QP $ 868 million) *U*) -RRB-))) (PP-TMP in (NP (NP the fiscal year) (VP ended (NP-TMP last March 31))))) , (NP (NP a remarkable recovery) (PP from (NP (NP the (QP 20.39 billion) yen) (PP of (ADVP-TMP (ADVP (NP two years) earlier) , (SBAR (WHADVP-1 when) (S (NP-SBJ the company) (VP lost (NP money) (PP-CLR on (NP operations)) (ADVP-TMP *T*-1))))))))))) .)) (TOP (S (NP-SBJ-1 Nissan) (VP has (VP increased (NP earnings) (ADVP (ADVP more) (PP than (NP market share))) (PP-MNR (PP by (S-NOM (NP-SBJ *-1) (VP cutting (NP costs)))) and (PP by (S-NOM (NP-SBJ *-1) (VP taking (NP-CLR advantage) (PP-CLR of (NP (NP a general surge) (PP-LOC in (NP Japanese car sales)))))))))) .)) (TOP (S But (NP-SBJ-2 Nissan) (VP expects (S (NP-SBJ *-2) (VP to (VP (VP earn (NP (QP only 120 billion) yen) (PP-TMP in (NP the current fiscal year))) , (NP-ADV (NP a modest increase) (PP of (NP 4.7 %))))))) .)) (TOP (FRAG (NP The big reason) : (S (PP For (NP all its cost-cutting)) , (NP-SBJ Nissan) (VP remains (ADJP-PRD (ADJP less efficient) (PP than (NP Toyota))))) .)) (TOP (S (PP-TMP In (NP its last fiscal year)) , (NP-SBJ (NP Nissan 's) profit) (VP represented (NP (NP (QP just 2.3) %) (PP of (NP sales))) , (PP compared (PP with (NP (NP 4.3 %) (PP-LOC at (NP Toyota)))))) .)) (TOP (S (S-PRP (NP-SBJ-2 *-1) (VP To (VP help (S (NP-SBJ *-2) (VP close (NP the gap)))))) , (NP-SBJ-1 Nissan) (ADVP-TMP recently) (VP established (NP a top-level cost-cutting committee)) .)) (TOP (S (NP-SBJ Nissan) (VP is (NP-PRD (NP (NP the world 's) only auto maker) (VP (ADVP-TMP currently) building (NP vehicles) (PP-LOC in (NP (NP (NP all three) (PP of (NP (NP the world 's) key economic arenas))) -- (NP (NP the U.S.) , (NP Japan) and (NP Europe))))))) .)) (TOP (S (NP-SBJ That) (VP (VP gives (NP it) (NP (NP an enviable strategic advantage) (PRN , (ADVP at least) (SBAR-TMP until (S (NP-SBJ its rivals) (VP catch (PRT up)))) ,) but also (NP (NP plenty) (PP of (NP managerial headaches)))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP Nissan 's) U.S. operations) (VP include (NP (NP (NP 10 separate subsidiaries) (PRN -- (PP for (NP manufacturing , sales , design , research , etc.)) --)) (SBAR (WHNP-254 that) (S (NP-SBJ *T*-254) (VP report (ADVP-MNR separately) (ADVP-CLR back (PP to (NP Japan)))))))) .)) (TOP (S And (PP-TMP in (NP July)) , (NP-SBJ (NP Nissan 's) Tennessee manufacturing plant) (VP beat (PRT back) (NP a United Auto Workers organizing effort) (PP-MNR with (NP (NP aggressive tactics) (SBAR (WHNP-255 that) (S (NP-SBJ *T*-255) (VP have (VP left (S (NP-SBJ some workers) (ADJP-PRD bitter))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP are (PP-LOC-PRD in (NP (NP a transitional phase) (PP from (S-NOM (NP-SBJ *) (VP being (NP-PRD a Japanese company)))) (PP to (S-NOM (NP-SBJ *) (VP becoming (NP-PRD (NP an international company) (VP based (NP *) (PP-LOC-CLR in (NP Japan))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Muramatsu) , (NP the executive vice president)) .)) (TOP (S (NP-SBJ He) (VP promises (SBAR that (S (NP-SBJ Nissan) (VP will (ADVP-TMP soon) (VP establish (NP (NP a holding company) (VP overseeing (NP all U.S. operations))) , (SBAR-ADV just as (S (NP-SBJ it) (VP 's (VP doing (PP-LOC in (NP Europe))))))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ the biggest challenge) , (ADVP however) , (VP will (VP be (S-PRD (NP-SBJ *) (VP to (VP prevent (NP (NP a return) (PP to (NP its former corporate rigidity))) (SBAR-TMP as (S (NP-SBJ its recovery) (VP continues)))))))) .)) (TOP (S (ADVP Already) , (NP-SBJ personnel officials) (VP are (VP talking (PP-CLR about (NP (NP the need) (PP for (NP (NP a `` Phase Two '' cultural-reform effort) (PP of (NP some sort)))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ We) (VP are (ADVP still) (PP-PRD (NP-ADV only half way) through (NP (NP the turnaround) (PP of (NP this company)))))) , and (S (NP-SBJ there) (VP are (NP-PRD (NP (ADJP many more) things) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-2))))))))) , '' (NP-SBJ President Kume) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP adds , (ADVP however) , (SBAR that `` (S (NP-SBJ (NP the momentum) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP have (VP generated (NP *T*-1)))))) (VP is (ADJP-PRD unstoppable))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ *) (VP expected))) , (NP-SBJ Warner Bros . Records) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP form (NP a (ADJP recorded-music and music-publishing) joint venture) (PP with (NP former MCA Records Chairman Irving Azoff))))))))) .)) (TOP (S (NP-SBJ Warner) (VP (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP provide (NP financing) (PP for (NP the venture))))))) , but (VP did n't (VP disclose (NP terms)))) .)) (TOP (S (S (NP-SBJ Mr. Azoff) (VP has n't (VP named (NP the company) (ADVP yet)))) , but (S (NP-SBJ-221 (NP any records) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP produces (NP *T*-1))))) (VP will (VP be (VP distributed (NP *-221) (PP by (NP-LGS Warner)))))) .)) (TOP (S (NP-SBJ Warner) (VP is (NP-PRD (NP part) (PP of (NP (NP Warner Communications Inc.) , (SBAR (WHNP-256 which) (S (NP-SBJ *T*-256) (VP is (PP-PRD in (NP (NP the process) (PP of (S-NOM (NP-SBJ-222 *) (VP being (VP acquired (NP *-222) (PP by (NP-LGS Time Warner Inc))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 Mr. Azoff) (VP resigned (PP-CLR as (NP (NP head) (PP of (NP (NP MCA Records) , (NP (NP a unit) (PP of (NP MCA Inc.))) ,)))) (PP-TMP in (NP September)))) , and (S (NP-SBJ *-1) (VP had (VP been (VP discussing (NP a joint venture) (PP with (NP both Warner and MCA)))))) .)) (TOP (S (PP-LOC In (NP a statement)) (NP-TMP yesterday) , (NP-SBJ Mr. Azoff) (VP said (SBAR 0 (S (NP-SBJ he) (VP chose (NP (NP Warner) , (NP the largest record company) ,) (SBAR-PRP because `` (S (NP-SBJ (NP their standing) (PP-LOC in (NP the entertainment industry))) (VP is (ADJP-PRD second (PP to (NP none)))))))))) .)) (TOP (S (NP-SBJ (NP President Bush) and (NP Soviet leader Mikhail Gorbachev)) (VP will (VP (VP hold (NP an informal meeting) (PP-TMP in (NP early December))) , (NP-ADV (NP a move) (SBAR (WHNP-257 that) (S (NP-SBJ *T*-257) (VP should (VP give (NP both leaders) (NP a political boost) (PP-LOC at (NP home))))))))) .)) (TOP (S (NP-SBJ The White House) (VP is (ADVP purposely) not (VP calling (S (NP-SBJ the meeting) (NP-PRD a summit)) (SBAR-PRP so that (S (NP-SBJ there) (VP wo n't (VP be (NP-PRD (NP any expectation) (PP of (NP detailed negotiations or agreements))))))))) .)) (TOP (S (ADVP Rather) , (NP-SBJ senior administration officials) (VP said (SBAR that (S (NP-SBJ-223 the unexpected meeting) (VP was (VP scheduled (NP *-223) (PP at (NP (NP Mr. Bush 's) request)) (PP-PRP because of (NP (NP his preference) (PP for (S-NOM (NP-SBJ *) (VP conducting (NP diplomacy) (PP-MNR through (NP (NP (ADJP highly personal and informal) meetings) (PP with (NP other leaders)))))))))))))) .)) (TOP (S (NP-SBJ The two leaders) (VP will (VP meet (PP-TMP on (NP Dec. 2 and 3)) , (S-ADV (NP-SBJ *) (VP alternating (NP (NP the two days) (PP of (NP meetings))) (PP between (NP (NP (NP a U.S. (NX *RNR*-1)) and (NP a Soviet (NX *RNR*-1)) (NX-1 naval vessel)) (PP-LOC in (NP the Mediterranean Sea)))))))) .)) (TOP (S (NP-SBJ The unusual seaborne meeting) (VP wo n't (VP disrupt (NP (NP plans) (PP for (NP (NP a formal summit meeting) (NP-TMP next spring or summer) , (SBAR-LOC (WHPP-1 at (WHNP which)) (S (NP-SBJ-2 an arms-control treaty) (VP is (ADJP-PRD likely (S (NP-SBJ-224 *-2) (VP to (VP be (VP completed (NP *-224)))))) (PP-LOC *T*-1))))))))) .)) (TOP (S (PP-LOC In (S-NOM (NP-SBJ *) (VP announcing (NP the meeting) (NP-TMP yesterday)))) , (NP-SBJ Mr. Bush) (VP told (NP (NP reporters) (PP-LOC at (NP the White House))) (SBAR that (S (NP-SBJ neither (NP he) nor (NP Mr. Gorbachev)) (VP expects (NP any `` substantial decisions or agreements))))) . '')) (TOP (S (ADVP Instead) , (NP-SBJ he) (VP said (SBAR that (S (NP-SBJ the purpose) (VP is (ADVP simply) (SBAR-PRD for (S (NP-SBJ the two) (VP to (VP (VP get `` (ADJP-PRD better acquainted) '') and (VP discuss (NP (NP a wide range) (PP of (NP issues))) (PP without (NP a formal agenda))))))))))) .)) (TOP (S (PP Despite (NP (NP (NP the informal nature) (PP of (NP the session))) and (NP the calculated effort (S (NP-SBJ *) (VP to (VP hold (PRT down) (NP expectations))))))) , (NP-SBJ the meeting) (VP could (VP pay (NP significant political dividends) (PP-CLR for (NP both leaders)))) .)) (TOP (S (NP-SBJ Mr. Gorbachev) (VP (ADVP badly) needs (NP (NP a diversion) (PP from (NP (NP the serious economic problems and ethnic unrest) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP faces (NP *T*-1) (PP-LOC at (NP home))))))))) .)) (TOP (S (NP-SBJ American officials) (VP have (VP said (SBAR that (S (NP-SBJ-1 (NP a meeting) (PP with (NP (NP the leader) (PP of (NP the U.S.))))) (VP could (VP help (S (NP-SBJ *-1) (VP bolster (NP (NP his stature) (PP among (NP (NP Soviet politicians and academics) , (SBAR (WHNP-258 whose support) (S (NP-SBJ he) (VP needs (NP *T*-258))))))))))))))) .)) (TOP (S (PP For (NP his part)) , (NP-SBJ-225 Mr. Bush) (VP has (VP been (VP criticized (NP-1 *-225) (ADVP-TMP regularly) (PP-LOC at (ADVP home)) (PP-CLR for (S-NOM (NP-SBJ-2 *-1) (VP moving (ADVP-MNR too slowly and cautiously) (PP-LOC in (S-NOM (NP-SBJ *-2) (VP reacting (PP-CLR to (NP (NP (NP Mr. Gorbachev 's) reforms) and (NP (NP the historic moves) (ADVP-DIR away (PP from (NP communism))) (PP-LOC in (NP Eastern Europe)))))))))))))) .)) (TOP (S (NP-SBJ (NP A face-to-face meeting) (PP with (NP Mr. Gorbachev))) (VP should (VP damp (NP such criticism) , (SBAR-ADV though (S (NP-SBJ it) (VP will (ADVP hardly) (VP eliminate (NP it))))))) .)) (TOP (S (NP-SBJ (NP Senate Majority Leader George Mitchell) (PRN -LRB- (NP D.) , (NP-LOC Maine) -RRB-) , (SBAR (WHNP-259 who) (S (NP-SBJ *T*-259) (VP has (VP been (NP-PRD (NP the (ADJP most prominent) Democratic critic) (PP of (NP (NP (NP Mr. Bush 's) handling) (PP of (NP the Soviet relationship))))))))) ,) (VP praised (NP-1 the president) (PP-CLR for (S-NOM (NP-SBJ *-1) (VP arranging (NP the meeting))))) .)) (TOP (S But (NP-SBJ he) (VP added : `` (S (NP-SBJ (NP The mere fact) (PP of (NP a meeting))) (VP does n't (VP deal (PP-CLR with (NP (NP the substance) (PP of (NP policy)))))))) . '')) (TOP (S (NP-SBJ Mr. Bush) (VP said (SBAR that (S (NP-SBJ-226 (NP the December meeting) , (SBAR (WHNP-1 which) (S (NP-SBJ-227 *T*-1) (VP was (VP announced (NP *-227) (ADVP simultaneously) (PP-LOC in (NP Moscow)))))) ,) (VP will (VP be (VP held (NP *-226) (PP-LOC in (NP (NP the unusual setting) (PP of (NP (NP ships) (PP-LOC at (NP sea)))))) (S-PRP (NP-SBJ *) (VP to (VP (VP hold (PRT down) (NP the `` fanfare '')) and (VP force (S (NP-SBJ the two sides) (VP to (VP limit (NP participation) (PP-CLR to (NP (NP just small groups) (PP of (NP advisers))))))))))))))))) .)) (TOP (S `` (S-TPC-1 (PP-MNR By (S-NOM (NP-SBJ *-2) (VP doing (NP it) (PP-MNR in (NP this manner))))) (NP-SBJ-2 we) (VP can (VP have (PRN , (S (NP-SBJ I) (VP would (VP say))) ,) (NP (NP more time) (PP without (NP (NP the press) (PP of (NP (NP (NP social activities) or (NP mandatory joint appearances)) , (NP (NP things) (PP of (NP that nature))) (PP for (NP public consumption)))))))))) , '' (NP-SBJ Mr. Bush) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Soviet Foreign Minister Eduard Shevardnadze) , (PP-LOC at (NP (NP a news conference) (PP-LOC in (NP Moscow)))) , (VP said , `` (S (SBAR-ADV As (S (NP-SBJ-2 the two sides) (VP plan (S (NP-SBJ *-2) (VP to (VP hold (NP a full-scale summit) (PP-TMP in (NP (NP late spring-early summer) (NP-TMP next year))))))))) , (NP-SBJ they) (VP found (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD useful) (PRN , (S (NP-SBJ I) (VP would (VP say (SBAR (FRAG even necessary))))) ,) (S-1 (NP-SBJ *) (VP to (VP hold (NP an interim informal meeting)))))))) . '')) (TOP (S (SBAR-ADV Although (S (NP-SBJ-228 no specific agreements) (VP are (VP expected (NP *-228))))) , (NP-SBJ Mr. Shevardnadze) (VP said `` (S (NP-SBJ that) (VP does n't (VP mean (SBAR 0 (S (NP-SBJ they) (VP will (VP be (PP-PRD without (NP an agenda)))))))))) . '')) (TOP (S (SBAR-ADV If (S (NP-SBJ the two leaders) (VP cover (NP (NP the subjects) (SBAR (WHNP-1 that) (S (NP-SBJ-229 *T*-1) (VP have (VP been (VP featured (NP *-229) (PP-LOC-CLR in (NP lower level U.S.-Soviet meetings))))))))))) , (NP-SBJ their talks) (VP would (VP include (NP (NP human rights) , (NP Soviet reforms) , (NP regional disputes) , (NP (NP relations) (PP with (NP allies))) , (NP economic cooperation) , (NP arms control) , and (NP joint efforts (S (NP-SBJ *) (VP to (VP fight (NP narcotics , terrorism and pollution)))))))) .)) (TOP (S (NP-SBJ The president) (VP (ADVP specifically) mentioned (NP (NP U.S. economic advice) (PP to (NP Moscow))) (PP-CLR as (NP a possible topic))) .)) (TOP (S (NP-SBJ Mr. Gorbachev) (VP has (PP-TMP for (NP months)) (VP been (VP (ADVP-MNR publicly) urging (NP-1 the U.S.) (S (NP-SBJ *-1) (VP to (VP drop (NP (NP its restrictions) (PP on (NP Soviet trade))))))))) .)) (TOP (S (NP-SBJ He) (ADVP-TMP recently) (VP told (NP (NP a small group) (PP of (NP American businessmen)) (PP-TMP in (NP Moscow))) (SBAR that (S (NP-SBJ-2 he) (VP hoped (S (NP-SBJ *-2) (VP to (VP sign (NP a general trade agreement) (PP with (NP the U.S.)) , (PP-LOC (ADVP possibly) at (NP the 1990 summit))))))))) .)) (TOP (S (NP-SBJ The Soviets) (VP hope (SBAR 0 (S (NP-SBJ a trade agreement) (VP would (VP give (NP them) (NP (NP Most-Favored Nation status) , (SBAR (WHNP-260 which) (S (NP-SBJ *T*-260) (VP would (VP lower (NP (NP the tariffs) (PP on (NP (NP Soviet exports) (PP to (NP the U.S))))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP an (ADJP unusually candid) article) (PP about (NP (NP the latest economic woe) (PRN -- (NP unemployment) --))))) (NP-SBJ Pravda) (NP-TMP yesterday) (VP reported (SBAR that (S (S (NP-SBJ (QP three million) Soviets) (VP have (VP lost (NP their jobs) (PP as (NP (NP a result) (PP of (NP perestroika))))))) and (S (NP-SBJ the number) (VP could (VP grow (PP-DIR to (NP (QP 16 million))) (PP-TMP by (NP the year 2005)))))))) .)) (TOP (S (NP-SBJ (NP Economists) (PP-LOC in (NP Moscow))) (VP are (ADVP-TMP now) (VP proposing (SBAR that (S (NP-SBJ the state) (VP start (NP (NP a system) (PP of (NP unemployment benefits)))))))) .)) (TOP (S But (NP-SBJ (NP one Bush administration official) (ADJP knowledgeable (PP about (NP the summit plan)))) (VP cautioned (PP-CLR against (S-NOM (NP-SBJ *) (VP assuming (SBAR that (S (NP-SBJ there) (VP will (VP be (NP-PRD (NP bold new initiatives) (PP on (NP (NP the Soviet economy) or (NP other issues)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ *) (VP Do n't (VP take (NP this) (PP-CLR as (NP (NP some big opening) (PP for (NP (NP major movement) (PP on (NP (NP economic cooperation) , or (NP arms control) , or (NP the environment)))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ Those things) (VP will all (VP come (PRT up) , (PP but (PP-MNR in (NP a fairly informal way))))) . '')) (TOP (S (ADVP Instead) , (NP-SBJ this official) (VP said , `` (S (NP-SBJ This) (VP is (NP-PRD vintage George Bush)))) .)) (TOP (S (NP-SBJ This) (VP was (NP-PRD (NP George Bush 's) own idea)) .)) (TOP (S (NP-SBJ It) (VP 's (S-PRD (NP-SBJ-2 George Bush) (VP wanting (S (NP-SBJ *-2) (VP to (VP (VP meet (NP a foreign leader)) and (VP talk (PP-CLR to (NP him)) (ADVP-MNR directly)))))))) . '')) (TOP (S (ADVP Aside (PP from (NP (NP the Soviet economic plight) and (NP (NP talks) (PP on (S-NOM (NP-SBJ *) (VP cutting (NP (ADJP strategic and chemical) arms)))))))) , (NP-SBJ (NP one other issue) (SBAR (WHNP-1 0) (S (NP-SBJ-2 the Soviets) (VP are (ADJP-PRD likely (S (NP-SBJ-3 *-2) (VP to (VP want (S (NP-SBJ *-3) (VP to (VP raise (NP *T*-1)))))))))))) (VP is (NP-PRD naval force reductions)) .)) (TOP (S (NP-SBJ Western analysts) (VP say (SBAR that , (S (PP given (NP (NP (NP the meeting 's) setting) (PP-LOC at (NP sea)))) , (NP-SBJ-1 Gorbachev) (VP is (ADJP-PRD unlikely (S (NP-SBJ *-1) (VP to (VP pass (PRT up) (NP the opportunity (S (NP-SBJ *) (VP to (VP press (ADVP once again) (PP-CLR for (NP (NP negotiated cuts) (PP-LOC in (NP (NP the navies) (PP of (NP both (NP the North Atlantic Treaty Organization) and (NP the Warsaw Pact))))))))))))))))))) .)) (TOP (S (NP-SBJ That theme) (VP has (VP been (NP-PRD a recurring one) (PP for (NP Soviet military officials)) (PP-TMP for (NP (NP much) (PP of (NP this year)))))) .)) (TOP (S (NP-SBJ They) (VP argue (SBAR that (S (SBAR-TMP as (S (NP-SBJ the Kremlin) (VP follows (PRT through) (PP-CLR on (NP announced plans (S (NP-SBJ *) (VP to (VP cut (NP (NP land forces) (PRN -- (NP (NP (NP the Soviets ') area) (PP of (NP greatest strength))) --)))))))))) (NP-SBJ the U.S.) (VP should (VP show (NP more willingness (S (NP-SBJ *) (VP to (VP cut (NP (NP sea forces) (PRN -- (NP (NP (NP Washington 's) area) (PP of (NP greatest superiority)))))))))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the reasons) (SBAR (WHADVP-1 0) (S (NP-SBJ-2 Bush administration aides) (VP are (ADJP-PRD anxious (S (NP-SBJ *-2) (VP to (VP insist (SBAR that (S (NP-SBJ the coming meeting) (VP will (VP be (ADJP-PRD informal))))))))) (ADVP-PRP *T*-1))))))) (VP is (S-PRD (NP-SBJ *) (VP to (VP avoid (NP (NP comparisons) (PP with (NP (NP the last such (ADJP loosely structured) superpower gathering) , (NP (NP (NP former President Reagan 's) 1986 meeting) (PP with (NP Mr. Gorbachev)) (PP-LOC in (NP (NP Reykjavik) , (NP Iceland))))))))))) .)) (TOP (S (NP-SBJ That meeting) (VP sent (NP shivers) (PP-DIR through (NP the Western alliance)) (SBAR-PRP because (S (NP-SBJ-230 Mr. Reagan) (VP was (VP pulled (NP *-230) (PP-DIR into (S-NOM (NP-SBJ-1 *) (VP discussing (NP (NP the possible elimination) (PP of (NP nuclear weapons))) (PP without (S-NOM (NP-SBJ *-1) (VP consulting (NP American allies)))))))))))) .)) (TOP (S (NP-SBJ Mr. Bush) (VP said (SBAR that (S (NP-SBJ-3 he) (VP initiated (NP (NP talks) (PP with (NP the Soviets)) (PP on (NP the informal meeting))) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP sending (NP (NP a proposal) (SBAR *ICH*-2)) (PP-DTV to (NP Mr. Gorbachev)) (NP-TMP last July) , (SBAR-2 (WHNP which) (S (NP-SBJ-1 the Soviet leader) (ADVP-MNR readily) (VP accepted (NP *T*-1))))))))))) .)) (TOP (S But (S (NP-SBJ-1 (NP word) (PP of (NP the possible session))) (VP was (VP (ADVP-MNR closely) held (NP *-1) (PP by (NP-LGS (NP the president) and (NP (NP a handful) (PP of (NP top aides)))))))) , and (S (NP-SBJ (NP word) (PP of (NP it))) (VP did n't (VP reach (NP many second-level officials) (PP-TMP until (NP the past few days))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ many senior officials) (VP had (VP been (VP insisting (PP-TMP for (NP weeks)) (SBAR that (S (NP-SBJ Mr. Bush) (VP was n't (ADJP-PRD interested (PP in (NP such an informal get-together))))))))) .)) (TOP (S-CLF (SBAR-ADV Though (S (NP-SBJ (NP (NP President Bush 's) political critics) (PP-LOC at (NP home))) (VP have (VP been (VP urging (NP-1 him) (S (NP-SBJ *-1) (VP to (VP open (NP a (ADJP more direct) dialogue) (PP with (NP Mr. Gorbachev)))))))))) , (NP-SBJ it) (ADVP actually) (VP was (NP-PRD (NP the arguments) (PP of (NP (NP leaders) (PP-LOC within (NP (NP the Soviet bloc) (NP itself)))))) (SBAR (WHNP-261 that) (S (NP-SBJ *T*-261) (VP led (S (NP-SBJ the president) (VP to (VP seek (NP the December meeting)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-3 Mr. Bush) (VP decided (SBAR 0 (S (NP-SBJ he) (VP wanted (NP the meeting)))) (PP-TMP after (S-NOM (NP-SBJ *-3) (VP talking (PP-LOC in (NP Europe)) (PP-TMP in (NP July)) (PP-CLR with (NP (NP the leaders) (PP of (NP Poland and Hungary)) , (SBAR (WHNP-262 who) (S (NP-SBJ *T*-262) (VP urged (NP-1 him) (S (NP-SBJ *-1) (VP (VP to (VP support (NP (NP Mr. Gorbachev 's) efforts (S (NP-SBJ *) (VP to (VP transform (NP the Soviet system))))))) and (VP to (VP urge (NP-4 him) (S (NP-SBJ *-4) (VP to (VP loosen (NP (NP his grip) (PP-LOC on (NP Eastern Europe)))))))))))))))))))) , (NP-SBJ a senior aide) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ *-1) (VP flying (ADVP-DIR home) (PP-DIR from (NP those discussions))))) , (NP-SBJ-1 Mr. Bush) (VP drafted (NP (NP a letter) (PP to (NP Mr. Gorbachev)) (VP suggesting (NP (NP an informal get-together) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP precede (NP (NP their formal summit) (NP-TMP next year)))))))))) .)) (TOP (S (NP-SBJ (NP Peter Gumbel) (PP-LOC in (NP Moscow))) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ-1 Banca Nazionale del Lavoro) (VP said (SBAR 0 (S (NP-SBJ (NP its potential losses) (PP from (S-NOM (NP-SBJ *) (VP lending (PP-CLR to (NP Iraq)))))) (VP could (VP reach (NP (NP (QP 1.175 trillion) lire) (PRN -LRB- (NP (QP $ 872 million) *U*) -RRB-)))))) , (S-ADV (NP-SBJ *-1) (VP marking (NP (NP (NP the bank 's) first quantification) (PP of (NP (NP potential costs) (PP of (NP (NP unauthorized lending) (PP by (NP its Atlanta branch)))))))))) .)) (TOP (S (NP-SBJ BNL) (ADVP-TMP previously) (VP reported (SBAR that (S (NP-SBJ its Georgia branch) (VP had (VP taken (PRT on) (NP (NP loan commitments) (VP topping (NP (QP $ 3 billion) *U*))) (PP without (NP (NP the Rome-based management 's) approval))))))) .)) (TOP (S (NP-SBJ (NP State-owned BNL) , (NP (NP Italy 's) largest bank) ,) (VP has (VP filed (NP (NP charges) (PP against (NP (NP (NP (NP the branch 's) former manager) , (NP Christopher Drogoul)) , and (NP a former branch vice president) ,)) (VP alleging (NP (NP fraud) and (NP (NP breach) (PP of (NP their fiduciary duties)))))))) .)) (TOP (S (NP-SBJ BNL) (ADVP also) (VP said (SBAR that (S (NP-SBJ its board) (VP had (VP approved `` (PP-TMP after (NP an in-depth discussion)) , '' (NP (NP a letter) (PP to (NP (NP the Bank) (PP of (NP Italy)))) (VP outlining (NP (NP measures) (SBAR (WHNP-2 0) (S (NP-SBJ-3 the state-owned bank) (VP (VP has (VP taken (NP *T*-2))) or (VP plans (S (NP-SBJ *-3) (VP to (VP take (NP *T*-2))))) (S-PRP (NP-SBJ *-3) (VP to (VP improve (NP (NP controls) (PP on (NP its foreign branches))))))))))))))))) .)) (TOP (S (NP-SBJ The central bank) (VP had (VP ordered (NP-1 BNL) (S (NP-SBJ *-1) (VP to (VP come (PRT up) (PP-CLR with (NP a suitable program)) (PP-TMP by (NP yesterday))))))) .)) (TOP (S (S (NP-SBJ (NP Bank) (PP of (NP Italy))) (VP has (ADVP also) (VP ordered (NP-1 BNL) (S (NP-SBJ *-1) (VP to (VP shore (PRT up) (NP its capital base) (S-PRP (NP-SBJ *) (VP to (VP account (PP-CLR for (NP potential foreign loan losses))))))))))) , and (S (NP-SBJ the Rome bank) (VP has (VP outlined (NP a (ADJP (QP 3 trillion) lire) capital-raising operation)))) .)) (TOP (S (NP-SBJ-1 BNL) (VP was (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP elaborate (PP-CLR on (SBAR (WHNP-2 what measures) (S (NP-SBJ-231 *T*-2) (VP were (VP planned (NP *-231) (PP by (NP-LGS the bank)) (S-PRP (NP-SBJ *) (VP to (VP improve (NP (NP controls) (PP on (NP (NP its branches) (ADVP-LOC abroad))))))))))))))))) .)) (TOP (S (NP-SBJ Hardly a day) (VP passes (PP without (NP (NP news photos) (PP of (NP (NP the police) (VP dragging (NP limp protesters) (PP-DIR from (NP (NP some building or thoroughfare) (PP-LOC in (NP (NP one) (PP of (NP our cities)))))))))))) .)) (TOP (SINV (PP-PRD-TPC-1 Of (NP recent note)) (VP are (PP-PRD *T*-1)) (NP-SBJ (NP the activities) (PP of (NP (NP the pro- and anti-abortionists) , (NP anti-nuclear activists) , (NP animal rights protesters) , (NP (NP college students) (ADJP concerned (PP about (NP racism)))) , (NP anti-apartheid groups) , (NP various self-styled `` environmentalists '') and (NP (NP those) (ADJP dissatisfied (PP with (NP (NP the pace) (PP of (NP (NP the war) (PP against (NP AIDS))))))))))) .)) (TOP (S (S (ADVP Maybe) (NP-SBJ he) (VP did n't (VP start (NP it)))) , but (S (NP-SBJ Mohandas Gandhi) (ADVP certainly) (VP provided (NP (NP a recognizable beginning) (PP to (NP (NP non-violent civil disobedience) (SBAR-ADV as (S (NP-SBJ we) (VP know (NP it) (NP-TMP today))))))))) .)) (TOP (S (NP-SBJ (NP The Mahatma) (PRN , or `` (NP great souled one) , '')) (VP instigated (NP (NP several campaigns) (PP of (NP passive resistance)) (PP against (NP (NP the British government) (PP-LOC in (NP India)))))) .)) (TOP (S (ADVP Unfortunately) , (PP according (PP to (NP (NP Webster 's) Biographical Dictionary))) , `` (S (NP-SBJ His policies) (VP (VP went (PP-DIR beyond (NP his control))) and (VP resulted ... (PP-CLR in (NP riots and disturbances))))) '' and (S (ADVP-TMP later) (NP-SBJ (NP a renewed campaign) (PP of (NP civil disobedience))) `` (VP resulted (PP-CLR in (NP (NP rioting) and (NP a second imprisonment))))) . '')) (TOP (S (S (NP-SBJ I) (VP am not (NP-PRD (NP a proponent) (PP of (NP (NP everything) (SBAR (WHNP-1 0) (S (NP-SBJ Gandhi) (VP did (NP *T*-1))))))))) , but (S (NP-SBJ (NP some) (PP of (NP his law breaking))) (VP was (ADJP-PRD justified) (SBAR-PRP because (S (S (NP-SBJ India) (VP was (ADVP-TMP then) (PP-PRD under (NP (NP occupation) (PP by (NP a foreign power)))))) , and (S (NP-SBJ-2 Indians) (VP were not (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP participate (ADVP fully) (PP-CLR in (NP (NP decisions) (SBAR (WHNP-263 that) (S (NP-SBJ *T*-263) (VP (ADVP-MNR vitally) affected (NP them)))))))))))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP is (ADJP-PRD difficult) , (ADVP however) , (S-1 (NP-SBJ *) (VP to (VP justify (NP (NP civil disobedience) , (ADJP non-violent or not) ,) (SBAR-LOC (WHADVP-2 where) (S (NP-SBJ-3 citizens) (VP have (NP (NP full recourse) (PP to (NP the ballot box))) (S-PRP (NP-SBJ *-3) (VP to (VP effect (NP change)))) (ADVP-LOC *T*-2)))))))) .)) (TOP (S (SBAR-LOC (WHADVP-1 Where) (S (NP-SBJ-232 (ADJP truly representative) governments) (VP are (VP safeguarded (NP *-232) (PP by (NP-LGS (NP (NP constitutional protections) (PP of (NP human rights))) and (NP (NP an independent judiciary) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP construe (NP those rights)))))))) (ADVP-LOC *T*-1))))) , (NP-SBJ there) (VP is (NP-PRD (NP no excuse) (PP for (S-NOM (NP-SBJ *) (VP breaking (NP the law) (SBAR-PRP because (S (NP-SBJ some individual or group) (VP disagrees (PP-CLR with (NP it)))))))))) .)) (TOP (S (NP-SBJ There) (VP may (VP be (NP-PRD (NP a few cases) (SBAR (WHADVP-1 where) (S (NP-SBJ the law breaking) (VP is (ADJP-PRD (ADJP well pinpointed) and (ADJP (ADJP so completely non-invasive (PP of (NP (NP the rights) (PP of (NP others))))) (SBAR that (S (NP-SBJ (NP it) (S *EXP*-2)) (VP is (ADJP-PRD difficult) (S-2 (NP-SBJ *) (VP to (VP criticize (NP it))))))))) (ADVP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ (NP The case) (PP of (NP (NP Rosa Parks) , (NP (NP the black woman) (SBAR (WHNP-264 who) (S (NP-SBJ-1 *T*-264) (VP refused (S (NP-SBJ *-1) (VP to (VP sit (PP-LOC-CLR at (NP (NP the back) (PP of (NP the bus))))))))))))) ,) (VP comes (PP-CLR to (NP mind)) (PP-CLR as (NP an illustration))) .)) (TOP (S But (NP-SBJ (NP most cases) (PP of (NP non-violent civil disobedience))) (VP are (ADJP-PRD (ADVP not nearly so) benign)) .)) (TOP (S (NP-SBJ The public) (VP has (NP a tendency (S (NP-SBJ *) (VP to (VP equate (NP lawful demonstrations) (PP-CLR with (NP non-violent civil disobedience))))))) .)) (TOP (S (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADJP-PRD true) (SBAR-1 that (S (NP-SBJ both) (VP are (ADJP-PRD non-violent)))))) , but (S (NP-SBJ there) (VP is (NP-PRD (NP a fundamental difference) (PP between (NP them))))) .)) (TOP (S (NP-SBJ (NP Lawful demonstrations) , (PP such as (NP (NP peaceful picketing) and (NP (NP other assemblages) (SBAR (WHNP-265 that) (S (NP-SBJ *T*-265) (VP do not (VP (VP disturb (NP the peace)) or (VP cause (NP a public nuisance)) or (VP interfere (PP-CLR with (NP (NP the rights) (PP of (NP others)))))))))))) ,) (VP are (NP-PRD (NP rights) (VP guaranteed (NP *) (PP by (NP-LGS (NP any (ADJP truly free) system) (PP of (NP government))))))) .)) (TOP (S (NP-SBJ (NP Civil disobedience) , (ADJP violent or non-violent) ,) (VP is (NP-PRD intentional law breaking)) .)) (TOP (S (S (NP-SBJ (NP The subject) (PP of (NP this discussion))) (VP is (NP-PRD non-violent civil disobedience))) ; but , (S (SBAR-TMP before (S (NP-SBJ we) (VP get (PRT on) (PP-CLR with (NP that))))) , (NP-SBJ *) (VP let (S (NP-SBJ me) (VP make (NP (NP just a few tangential remarks) (PP about (NP lawful demonstrations))))))) .)) (TOP (S (S (NP-SBJ-1 They) (VP are (ADJP-PRD useful (S (NP-SBJ *-1) (VP to (VP call (NP public attention) (PP-CLR to (NP grievances)))))))) , but (S (NP-SBJ they) (VP have (NP (NP little value) (PP in (S-NOM (NP-SBJ *) (VP educating (NP anyone) (PP-CLR about (NP (NP the issues) (PP in (NP dispute)))))))))) .)) (TOP (S (NP-SBJ (NP The delight) (PP of (NP television)) (PP in (NP dramatic confrontation))) (VP encourages (NP (NP overuse) (PP of (NP (NP (NP slogans) (VP chanted (NP *) (PP-MNR through (NP bullhorns)))) , (NP militant gestures) , (NP accusatory signs) and (NP other (ADJP emotionally inspired) tactics))))) .)) (TOP (S (NP-SBJ-233 (NP Civilized discourse) and (NP (NP an environment) (SBAR (WHADVP-1 where) (S (NP-SBJ compromise) (VP can (VP begin (ADVP-LOC *T*-1))))))) (VP are (VP lost (NP *-233) (PP-LOC-CLR in (NP (NP a hostile posture) (VP abetted (NP *) (PP by (NP-LGS superficial media interviews))))))) .)) (TOP (S (S (ADVP At best) , (NP-SBJ demonstrations) (VP are (ADJP-PRD (ADJP overused) and (ADJP boringly uninformative)))) ; (S (ADVP at worst) , (NP-SBJ they) (VP can (VP become (NP-PRD (NP the stimuli) (SBAR (WHNP-266 that) (S (NP-SBJ *T*-266) (VP lead (PP-CLR to (NP law breaking))))))))) .)) (TOP (S (NP-SBJ-2 Demonstrations) (VP are (ADJP-PRD particularly apt (S (NP-SBJ *-2) (VP to (VP degenerate (PP-CLR into (NP criminal conduct)))))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP (VP leave (NP (NP the site) (PP of (NP the grievance)))) and (VP become (ADJP-PRD mobile)) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ (NP (NP Petty criminals) and (NP street people)) (VP looking (PP-CLR for (NP excitement)))) (VP (VP attach (NP themselves) (PP-MNR like (NP remora)) (PP-CLR to (NP (NP the fringes) (PP of (NP the crowd))))) and (VP use (NP the protest) (PP-CLR as (NP (NP an excuse) (PP for (NP (NP rock throwing) , (NP auto trashing) , (NP arson) , (NP window breaking) , (NP looting) , (NP pocket picking) and (NP general hooliganism))))))) .)) (TOP (S (ADVP-TMP Soon) (NP-SBJ-234 (NP the whole purpose) (PP of (NP the demonstration))) (VP is (VP lost (NP *-234) (PP-LOC-CLR in (NP mob mania)))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP better ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP promote (NP a cause) (ADVP-MNR *T*-1))))))) .)) (TOP (S (SBAR (WHADVP-2 Where) (S (NP-SBJ (NP non-violent civil disobedience) (PP *ICH*-3)) (VP is (NP-PRD the centerpiece) , (PP-3 rather than (NP (NP a lawful demonstration) (SBAR (WHNP-267 that) (S (NP-SBJ *T*-267) (VP may (ADVP only) (VP attract (NP crime))))))) (ADVP-LOC *T*-2)))) , (NP-SBJ it) (VP is (ADJP-PRD difficult (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP justify (NP *T*-1))))))) .)) (TOP (S (NP-SBJ Some) (VP find (NP no harm) (PP-LOC-CLR in (NP (NP the misdemeanors) (PP of (NP (NP trespass) , (NP minor property destruction) , (S-NOM (NP-SBJ *) (VP blocking (NP traffic))) and (NP the like)))))) .)) (TOP (S (NP-SBJ They) (VP say (SBAR 0 (S (NP-SBJ these) (VP are (NP-PRD (NP small prices) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP pay (NP *T*-1) (PP-CLR for (S-NOM (NP-SBJ *) (VP galvanizing (NP action) (PP for (NP the all-important cause)))))))))))))) .)) (TOP (S (S (NP-SBJ The crimes) (VP may (VP appear (ADJP-PRD small)))) , but (S (NP-SBJ the prices) (VP can (VP be (ADJP-PRD huge)))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP two cases) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP illustrate))))) .)) (TOP (S (NP-SBJ *) (VP Assume (NP (NP a neighborhood demonstration) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP protest (NP (NP (NP speeding) (PP-LOC on (NP a certain road))) or (NP (NP a careless accident) (PP involving (NP a police car)))))))))) .)) (TOP (S (NP-SBJ The protesters) (VP (VP lie (ADVP down) (PP-LOC in (NP the street)) , (S-ADV (NP-SBJ *) (VP blocking (NP traffic)))) , and (VP will not (VP move (SBAR-TMP until (S (NP-SBJ the authorities) (VP carry (NP them) (ADVP-DIR away))))))) .)) (TOP (S (NP-SBJ *) (VP Assume (SBAR that (S (NP-SBJ (NP someone) (VP caught (NP *) (PP-LOC in (NP the jam)))) (VP has (NP a heart attack))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP no way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP get (NP an ambulance) (ADVP-DIR in) (ADVP-MNR quickly) (S-PRP (NP-SBJ *) (VP to (VP move (NP him) (PP-DIR to (NP a hospital))))) (ADVP-MNR *T*-1))))))) .)) (TOP (S (NP-SBJ He) (VP dies) .)) (TOP (S (S (NP-SBJ The demonstration) (VP (VP was (ADJP-PRD non-violent)) and (VP involved (ADVP only) (NP a simple misdemeanor)))) , but (S (NP-SBJ (NP its impact) (PP on (NP that individual))) (VP was (ADJP-PRD violent and terminal))) .)) (TOP (S (NP-SBJ *) (VP Assume (SBAR that (S (NP-SBJ a TV network) (VP is (VP airing (NP (NP a celebrity interview program) (PP with (NP a live audience)))))))) .)) (TOP (S (NP-SBJ (NP The politician) (VP appearing)) (VP (VP is (ADJP-PRD highly controversial)) and (VP has (ADVP-TMP recently) (VP generated (NP (NP a good deal) (PP of (NP rancor)) (PP-LOC amid (NP certain groups)))))) .)) (TOP (S (PP-LOC In (NP (NP a planned protest) (PP against (NP his appearance)))) , (NP-SBJ (NP several members) (PP of (NP the studio audience))) (VP chain (NP themselves) (PP-LOC-CLR in (NP (NP front) (PP of (NP the TV cameras)))) (PP-MNR in (NP (NP such a way) (SBAR that (S (NP-SBJ the program) (VP can not (VP continue))))))) .)) (TOP (S (NP-SBJ The network) (VP (VP must (VP refund (NP money) (PP-CLR to (NP the advertisers)))) and (VP loses (NP considerable revenue and prestige))) .)) (TOP (S (S (NP-SBJ The demonstrators) (VP have (VP been (ADJP-PRD non-violent)))) , but (S (NP-SBJ-1 (NP the result) (PP of (NP their trespasses))) (VP has (VP been (S-PRD (NP-SBJ *-1) (VP to (ADVP seriously) (VP impair (NP (NP the rights) (PP of (NP (NP others) (ADJP unconnected (PP with (NP their dispute)))))))))))) .)) (TOP (S (S (NP-SBJ It) (VP might (VP be (VP alleged (SBAR that (S (NP-SBJ TV) (VP has (VP done (NP (NP more) (PP than (NP its share))) (S-PRP (NP-SBJ *) (VP to (VP popularize and promote (NP non-violent civil disobedience)))))))))))) , so (S (NP-SBJ (NP the second situation) (VP hypothesized (NP *) (ADVP-LOC above))) (VP would (VP be (ADVP simply) (NP-PRD (NP a case) (PP of `` (NP-SBJ (NP chickens) (VP coming (ADVP-DIR home) (S-PRP (NP-SBJ *) (VP to (VP roost)))))))))) . '')) (TOP (S Or (ADVP maybe) (NP-SBJ the TV network) (VP would (VP lose (NP nothing))) .)) (TOP (S (NP-SBJ Geraldo or Phil) (VP would (ADVP probably) (VP (VP pull (PRT up) (NP another camera)) and (VP interview (NP the chained protesters)))) .)) (TOP (S (NP-SBJ *) (VP Let (S (NP-SBJ us) (VP look (PP-TMP for (NP a moment)) (PP-CLR at (NP (NP another type) (PP of (NP non-violent civil disobedience)) (SBAR (WHNP-268 that) (S (NP-SBJ *T*-268) (VP (VP (ADVP only) harms (NP other people) (ADVP-MNR indirectly)) , yet (VP does (NP irreparable damage) (PP to (NP (NP the nation) (PP as (NP a whole))))))))))))) .)) (TOP (S (NP-SBJ I) (VP am (VP referring (PP-CLR to (NP (NP those young men) (SBAR (WHNP-269 who) (S (NP-SBJ-1 *T*-269) (VP (VP chose (S (NP-SBJ *-1) (VP to (VP disobey (NP (NP (NP their country 's) call) (PP to (NP arms)))))) (PP-TMP during (NP the Vietnam war))) and (VP fled (PP-DIR to (NP (NP Canada) or (NP some other sanctuary))) (S-PRP (NP-SBJ *-1) (VP to (VP avoid (NP combat)))))))))))) .)) (TOP (S (NP-SBJ (NP Their cowardly acts) (PP of (NP civil disobedience)) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 they) (VP tried (S (NP-SBJ *-1) (VP to (VP hide (NP *T*-2) (PP-LOC-CLR under (NP (NP the cloak) (PP of (NP (NP outrage) (PP at (NP (NP a war) (SBAR (WHNP-3 0) (S (NP-SBJ they) (VP characterized (NP *T*-3) (PP-CLR as `` (ADJP immoral))))))))))))))))) , '') (VP (VP weakened (NP the national fabric)) and (VP threw (NP additional burdens) (PP-CLR on (NP (NP those) (SBAR (WHNP-270 who) (S (NP-SBJ *T*-270) (VP served (ADVP-MNR honorably) (PP-LOC in (NP that conflict))))))))) .)) (TOP (SINV (PP-PRD-TPC-1 (ADVP Even more) at (NP fault)) (VP are (PP-PRD *T*-1)) (NP-SBJ (NP those leaders) (PP-LOC (PP in (NP *RNR*-3)) and (PP out (PP of (NP *RNR*-3))) (NP-3 government)) (SBAR (WHNP-271 who) (S (NP-SBJ-2 *T*-271) (VP urged and supported (NP their defections) , (S-ADV (NP-SBJ *-2) (VP (ADVP thereby) giving (NP great help and comfort) (PP-DTV to (NP the enemy propagandists)))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-3)) (VP is (ADJP-PRD amazing) (SBAR-3 that (S (NP-SBJ (NP the ensuing mass executions) (PP-LOC in (NP Vietnam and Cambodia))) (VP do not (VP weight (ADVP more heavily) (PP-CLR on (NP (NP minds) (ADJP so morally fine-tuned)))))))) .)) (TOP (S (ADVP Worse) , (NP-SBJ (NP it) (S *EXP*-4)) (VP remained (PP-CLR to (NP (NP a (ADJP well-meaning but naive) president) (PP of (NP the United States)))) (S-4 (NP-SBJ *) (VP to (VP administer (NP the final infamy) (PP-CLR upon (NP (NP those) (SBAR (WHNP-272 who) (S (NP-SBJ *T*-272) (VP fought and died (PP-LOC in (NP Vietnam))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP the guise) (PP of `` (S-NOM (NP-SBJ *) (VP healing (NP (NP the wounds) (PP of (NP the nation)))))))) , '' (NP-SBJ-1 President Carter) (VP pardoned (NP (NP thousands) (PP of (NP draft evaders))) , (S-ADV (ADVP thus) (NP-SBJ *-1) (VP giving (NP dignity) (PP-DTV to (NP (NP their allegations) (PP of (NP (NP the war 's) `` immorality))))))) . '')) (TOP (SBARQ (S-ADV (NP-SBJ-1 The precedent) (VP having (VP been (VP set (NP *-1))))) , (WHNP-273 who) (SQ (NP-SBJ *T*-273) (VP can (VP complain (SBAR-ADV if (S (NP-SBJ-2 (NP future generations) (VP called (PP-CLR upon (NP *)) (S-PRP-CLR (NP-SBJ *) (VP to (VP defend (NP the U.S.)))))) (VP yield (PP-CLR to (NP the temptation (S (NP-SBJ *) (VP to (VP avoid (NP (NP the danger) (PP of (NP combat)))))))) (PP-MNR by (S-NOM (NP-SBJ *-2) (ADVP simply) (VP (VP declaring (S (NP-SBJ the war) (ADJP-PRD immoral))) and (VP hiding (SBAR-TMP until (S (NP-SBJ it) (VP is (ADVP-PRD over)))))))))))))) ?)) (TOP (S (ADVP Finally) , (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD important) (S-1 (NP-SBJ *) (VP to (VP point (PRT out) (NP (NP the (ADJP extraordinarily high) visibility) (PP of (NP non-violent civil disobedience)) (PP-TMP in (NP (NP these days) (PP of (NP intensive media coverage))))))))))) .)) (TOP (S (S (NP-SBJ *) (VP Give (NP television) (NP a chance (S (NP-SBJ *) (VP to (VP cover (ADVP-MNR live) (NP (NP any breaking) (PP of (NP the law))))))))) , and (S (NP-SBJ-237 no second invitation) (VP will (VP be (VP required (NP *-237))))) .)) (TOP (S (NP-SBJ This) (VP brings (PP-CLR into (NP question)) (NP (NP the motives) (PP of (NP (NP those) (SBAR (WHNP-274 who) (S (NP-SBJ *T*-274) (VP lead (NP civil disobedience demonstrations)))))))) .)) (TOP (SQ Do (NP-SBJ they) (VP want (NP the spotlight) (PP (PP for (NP themselves)) or (PP for (NP their cause)))) ?)) (TOP (S (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP is (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP a good rule) (PP of (NP thumb)))) : (S (SBAR-ADV If (S (NP-SBJ the movement) (VP produced (NP the leader)))) , (NP-SBJ the chance (SBAR that (S (NP-SBJ he) (VP is (ADJP-PRD sincere))))) (VP is (ADJP-PRD (ADJP much greater) (PP than (SBAR-ADV if (S (NP-SBJ the leader) (VP produced (NP the movement)))))))) .)) (TOP (S (PP-LOC In (NP either case)) , (NP-SBJ *) (VP ask (NP yourself) (SBAR whether (S (NP-SBJ-1 you) (VP have (VP become (ADJP-PRD better informed (PP on (NP (NP the issues) (PP under (NP protest))))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP watching (NP (NP the act) (PP of (NP civil disobedience))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP have not (VP *?*)))) , (NP-SBJ (NP it) (SBAR *EXP*-5)) (VP is (ADJP-PRD probable) (SBAR-5 that (S (NP-SBJ (NP a thorough airing) (PP of (NP the dispute)) (PP by (NP (ADJP calm and rational) debate))) (VP would (VP have (VP been (NP-PRD the better course))))))) .)) (TOP (S (NP-SBJ Mr. Agnew) (VP was (NP-PRD (NP vice president) (PP of (NP the U.S.))) (PP-TMP from (NP 1969)) (SBAR-TMP until (S (NP-SBJ he) (VP resigned (PP-TMP in (NP 1973)))))) .)) (TOP (S (NP-SBJ-1 (NP Gov. George Deukmejian) and (NP key legislators)) (VP agreed (S (NP-SBJ-2 *-1) (VP to (VP back (NP (NP a temporary one-quarter-cent increase) (PP-LOC in (NP the state sales tax))) (S-PRP (NP-SBJ *-2) (VP to (VP raise (NP (NP (QP $ 800 million) *U*) (PP for (NP (NP repairs and relief) (VP associated (NP *) (PP-CLR with (NP (NP last month 's) earthquake))))))))))))) .)) (TOP (S (NP-SBJ (NP The tax increase) , (SBAR (WHNP-1 which) (S (NP-SBJ-238 *T*-1) (VP will (VP be (VP considered (NP *-238) (PP-LOC at (NP (NP a special session) (PP of (NP the state legislature)) (SBAR (WHNP-275 that) (S (NP-SBJ *T*-275) (VP begins (NP-TMP tomorrow))))))))))) ,) (VP would (VP cover (NP (NP only part) (PP of (NP (NP the estimated (QP $ 4 billion to $ 6 billion) *U*) (PP in (NP (NP total damage) (VP caused (NP *) (PP by (NP-LGS the Oct. 17 quake)))))))))) .)) (TOP (S (ADVP Aside (PP from (NP (NP (QP as much as $ 3.45 billion) *U*) (PP in (NP (ADJP recently approved) federal aid))))) , (NP-SBJ-1 the state) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP draw (PP-CLR from (NP (NP a gubernatorial emergency fund) (SBAR (WHNP-276 that) (S (NP-SBJ *T*-276) (ADVP-TMP currently) (VP stands (PP-CLR at (NP an estimated (QP $ 700 million) *U*)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP am not (ADJP-PRD aware (SBAR that (S (NP-SBJ there) (VP is (NP-PRD (NP anything) but (NP (NP bipartisan agreement) (PP for (NP (NP the general outline) '' (PP of (NP the revenue-raising plan)))))))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP a spokesman) (PP for (NP the governor))) , (PP-TMP after (NP (NP a Monday meeting) (PP with (NP legislative leaders)) (PP over (NP the quake-relief question)))) .)) (TOP (S (NP-SBJ The tax increase) (PRN -- (PP on (NP (NP top) (PP of (NP the current (ADJP six-cent (PP per (NP dollar))) sales tax)))) --) (VP would (VP (VP become (ADJP-PRD effective) (NP-TMP this Dec. 1)) and (VP expire (NP-TMP-CLR Dec. 31 , 1990)))) .)) (TOP (S (NP-SBJ-239 The sales-tax plan) (VP was (VP preferred (NP *-239) (PP-CLR over (NP (NP an alternative) (SBAR (WHNP-277 that) (S (NP-SBJ *T*-277) (VP would (VP have (VP boosted (NP the state gasoline tax)))))))))) .)) (TOP (S (NP-SBJ Some legislators) (VP expressed (NP concern (SBAR that (S (NP-SBJ a gas-tax increase) (VP would (VP (VP take (ADVP-CLR too long)) and (VP (ADVP possibly) damage (NP (NP chances) (PP of (NP (NP a major gas-tax-increasing ballot initiative) (SBAR (WHNP-278 that) (S (NP-SBJ voters) (VP will (VP consider (NP *T*-278) (NP-TMP next June))))))))))))))) .)) (TOP (S (PP Despite (NP (NP continuing problems) (PP-LOC in (NP its newsprint business)))) , (NP-SBJ Kimberly-Clark Corp.) (VP posted (NP (NP a (ADJP 20 %) gain) (PP in (NP third-quarter net income)))) .)) (TOP (S (NP-SBJ The (UCP consumer-products and newsprint) company) (VP said (SBAR 0 (S (NP-SBJ net) (VP rose (PP-DIR to (NP (NP (QP $ 108.8 million) *U*) , or (NP (NP $ 1.35 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 90.5 million) *U*) , or (NP (NP $ 1.12 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) ago)))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 6.2 %) (PP-DIR to (NP (QP $ 1.45 billion) *U*)) (PP-DIR from (NP (QP $ 1.37 billion) *U*))) .)) (TOP (S (PP-TMP After (NP (NP a flat second quarter) (VP tied (NP *) (ADVP largely) (PP-CLR to (NP lower newsprint earnings))))) , (NP-SBJ Kimberly-Clark) (VP attributed (NP the gain) (PP-CLR to (NP (NP improved results) (PP in (NP (NP its consumer businesses) (PP-LOC in (NP (NP North America) , (NP Brazil) and (NP Korea)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Those gains) (VP came (PP-CLR (PP from (NP (NP higher prices) , (PP (ADVP particularly) for (NP (NP disposable diapers) and (NP tissue products))))) , and (PP from (NP (NP increased sales) , (PP (ADVP primarily) for (NP feminine-care products))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1)) ) .)) (TOP (S-2 (NP-SBJ-1 Newsprint results) (VP continued (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD depressed)))) (PRN , (S (NP-SBJ the company) (VP added (SBAR 0 (S *T*-2)) )) ,) (PP-PRP because of (NP industrywide price discounting))) .)) (TOP (S (NP-SBJ-1 The quarter-to-quarter comparison) (VP was (ADVP also) (VP enhanced (NP *-1) (PP by (NP-LGS (NP charges) (VP taken (NP *) (PP-TMP in (NP the year-earlier period))) , (PP including (NP (NP (QP $ 11 million) *U*) (ADJP related (PP to (NP (NP the modernization) (PP of (NP (NP a pulp and newsprint mill) (PP-LOC in (NP Alabama))))))))))))) .)) (TOP (S (PP-TMP In (NP the 1989 period)) (ADVP also) , (NP-SBJ (NP interest expense) and (NP tax rates)) (VP were (ADJP-PRD (ADJP lower) (PP than (ADVP-TMP (NP a year) ago)))) .)) (TOP (S (PP-TMP In (NP the first nine months)) , (NP-SBJ profit) (VP rose (NP-EXT 10 %) (PP-DIR to (NP (NP (QP $ 313.2 million) *U*) , or (NP (NP $ 3.89 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 283.9 million) *U*) , or (NP (NP $ 3.53 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 6.7 %) (PP-DIR to (NP (QP $ 4.27 billion) *U*)) (PP-DIR from (NP (QP $ 4 billion) *U*))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Kimberly-Clark) (VP closed (PP-CLR at (NP (NP $ 66.50 *U*) (NP-ADV a share))) , (ADVP up (NP $ 1.50 *U*))) .)) (TOP (S-HLN (NP-TTL-SBJ INTENSIVE AUDITS) (VP are (VP coming (PP-CLR to (NP 55,500 taxpayers)) (PP-CLR as (NP research guinea pigs)))) .)) (TOP (S (S (NP-SBJ This) (VP is (NP-PRD the year))) : (S (NP-SBJ (NP Unsuspecting filers) (PP of (NP 1988 personal returns))) (VP are (VP being (VP picked (ADVP-MNR randomly) (PP-CLR for (NP thorough audits)) (S-PRP (NP-SBJ *) (VP to (VP help (S (NP-SBJ the IRS) (VP update (NP (NP its criteria) (PP for (NP (NP enforcement) , (NP audit selection) , and (NP (NP use) (PP of (NP resources))))))))))))))) .)) (TOP (S (NP-SBJ The last Taxpayer Compliance Measurement Program survey) (VP covered (NP 1985 returns)) .)) (TOP (S (NP-SBJ-1 The 1988-return project) (VP (VP starts (NP-TMP Jan. 1)) and (VP is (S (NP-SBJ-240 *-1) (VP to (VP be (VP done (NP *-240) (PP-TMP by (NP May 31 , 1991)))))))) .)) (TOP (S (NP-SBJ (ADJP Specially trained) IRS agents) (VP will (VP look (PP-CLR for (NP (NP under-reported income) and (NP unsupported deductions and credits))))) .)) (TOP (S (S (NP-SBJ The agents) (VP will (VP make (NP (NP (ADJP (ADVP more than) routine) inquiries) (PP about (NP (NP such items) (PP as (NP (NP marital status) and (NP dependents))))))))) ; (S (NP-SBJ-1 they) (VP want (S (NP-SBJ *-1) (VP to (VP look (PP-CLR at (NP (NP living standards) and (NP business assets)))))))) .)) (TOP (S But (NP-SBJ-1 they) (ADVP also) (VP are (S (NP-SBJ *-1) (VP (VP to (VP see (SBAR that (S (NP-SBJ taxpayers) (VP get (NP all allowable tax benefits)))))) and (VP to (VP ask (SBAR if (S (NP-SBJ (NP filers) (SBAR (WHNP-279 who) (S (NP-SBJ *T*-279) (VP sought (NP IRS aid))))) (VP were (ADJP-PRD satisfied (PP with (NP it))))))))))) .)) (TOP (S (S (NP-SBJ Courts) (VP have (VP ruled (SBAR that (S (NP-SBJ taxpayers) (VP must (VP submit (PP-CLR to (NP TCMP audits))))))))) , but (S (NP-SBJ the IRS) (VP will (VP excuse (PP-CLR from (NP the fullscale rigors)) (NP (NP anyone) (SBAR (WHNP-1 who) (S (NP-SBJ-241 *T*-1) (VP was (VP audited (NP *-241) (PP-MNR without (NP change)) (PP-CLR for (NP either 1986 or 1987)))))))))) .)) (TOP (S (NP-SBJ-2 Rewards) (VP have (VP been (VP (VP suggested (NP *-2)) (PRN -- but (VP (ADVP-TMP never) adopted (NP *-2)) --) (PP for (NP (NP filers) (SBAR (WHNP-280 who) (S (NP-SBJ *T*-280) (VP come (PP-DIR through (NP TCMP audits)) (PP-MNR without (NP change)))))))))) .)) (TOP (S-HLN (S-TPC-1 (NP-SBJ PENALTY OVERHAUL) (VP is (ADVP still) (ADJP-PRD likely))) , (NP-SBJ congressional sources) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Long-debated proposals (S (NP-SBJ *) (VP to (VP (VP simplify (NP the (QP more than 150) civil penalties)) and (VP make (S (NP-SBJ them) (ADJP-PRD fairer and easier (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP administer (NP *T*-1)))))))))))) (VP are (PP-LOC-PRD in (NP the House tax bill))) .)) (TOP (S But (NP-SBJ-242 they) (VP were (VP stripped (NP *-242) (PP-CLR from (NP the Senate bill)) (SBAR-TMP after (S (NP-SBJ staffers) (VP estimated (SBAR 0 (S (NP-SBJ penalty revenue) (VP would (VP fall (PP-EXT by (NP (QP $ 216 million) *U*)) (PP-TMP over (NP five years))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ congressional aides) (VP say (SBAR 0 (S (NP-SBJ penalty reform) (VP is (NP-PRD (NP a strong candidate) (PP for (NP enactment))) , (SBAR-ADV even if (FRAG not (NP-TMP this time around))) , (SBAR-ADV although (S (NP-SBJ-243 some provisions) (VP may (VP be (VP modified (NP *-243)))))))))) .)) (TOP (S (NP-SBJ (NP Sen. Pryor) (PRN -LRB- (NP D.) , (NP-LOC Ark.) -RRB-) , (NP (NP a leader) (PP on (NP the issue)) (SBAR (WHNP-281 who) (S (NP-SBJ *T*-281) (VP (ADVP generally) backs (NP the House plan))))) ,) (VP wants (NP (NP some changes) (PRN -- (PP for (NP one)) , (NP (NP (NP separate sanctions) (PP for (NP (NP negligence) and (NP (NP large misstatements) (PP of (NP (NP tax) (VP owed (NP *)))))))) , not (NP a single penalty))))) .)) (TOP (S (NP-SBJ He) (VP would (VP ease (NP (NP the proposed penalties) (PP (PP for (NP delayed payroll-tax deposits)) and (PP for (NP (NP faulty Form 1099) and (NP (NP other reports) (SBAR (WHNP-282 that) (S (NP-SBJ taxpayers) (VP correct (ADVP-MNR voluntarily) (NP *T*-282))))))))))) .)) (TOP (S (NP-SBJ The General Accounting Office) (VP urges (NP-1 Congress) (S (NP-SBJ *-1) (VP to (VP ensure (SBAR that (S (NP-SBJ all penalties) (VP retain (NP (NP their force) (PP as (NP deterrents)))))))))) .)) (TOP (S-HLN (NP-SBJ-244 (NP TAXPAYERS ') RIGHTS) (VP are (VP defined (NP *-244) (PP by (NP-LGS (NP a growing number) (PP of (NP states)))))) .)) (TOP (S (NP-SBJ The 1988 tax act) (VP created (NP (NP a federal bill) (PP of (NP rights)) (VP spelling (PRT out) (NP IRS duties (S (NP-SBJ *) (VP to (VP protect (NP (NP taxpayers ') rights) (PP-LOC in (NP (NP the assessment and collection) (PP of (NP taxes))))))))))) .)) (TOP (S (NP-SBJ States) (VP are (VP following (NP-CLR suit))) .)) (TOP (S (NP-SBJ California) (VP enacted (NP a rights law) (PP-TMP in (NP 1988))) .)) (TOP (S (S (S-TPC-1 (PP-TMP In (NP 1989)) , (NP-SBJ (NP Illinois) , (NP Kansas) , (NP Ohio) , (NP Oregon) and (NP South Carolina)) (VP have (VP adopted (NP rights laws)))) , (NP-SBJ (NP (NP the Federation) (PP of (NP Tax Administrators))) , (NP (NP a state officials ') group) ,) (VP reports (SBAR 0 (S *T*-1)))) ; (S (NP-SBJ the features) (VP vary)) .)) (TOP (S And (NP-SBJ taxpayer groups) (VP are (VP urging (NP legislation) (PP-LOC in (NP many other states)))) .)) (TOP (S (NP-SBJ One group) (VP is (NP-PRD (NP the Committee) (PP on (NP State Taxation)) , (SBAR (WHNP-283 which) (S (NP-SBJ *T*-283) (VP (VP comprises (NP 330 multistate corporations)) and (VP advises (NP (NP the Council) (PP of (NP (NP State Chambers) (PP of (NP Commerce))))))))))) .)) (TOP (S (NP-SBJ (NP The group 's) Mark Cahoon) (VP says (SBAR 0 (S (NP-SBJ (NP its efforts) (VP begun (NP *) (PP-TMP in (NP 1989)))) (VP have (VP led (PP-CLR to (NP (NP the introduction) (PP of (NP (NP bills) (SBAR *ICH*-3))) (PP-LOC *PPA*-1))) (PP-LOC-1 in (NP Massachusetts , Minnesota and Colorado)) (SBAR-3 (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP establish (NP (NP evenhanded procedures) (VP affecting (NP (NP all kinds) (PP of (NP taxpayers)))))))))))))) .)) (TOP (S (NP-SBJ The group) (ADVP also) (VP seeks (NP (NP uniformity) (PP-LOC among (NP states)) (PP-LOC in (NP (NP provisions) (PP for (NP (NP taxpayers ') rights)))))) .)) (TOP (S (NP-TMP This week) , (NP-SBJ New York City) (VP announced (NP (NP a 10-point policy) (VP patterned (NP *) (PP-CLR on (NP (NP the federal bill) (PP of (NP rights)) (PP for (NP taxpayers))))))) .)) (TOP (S-HLN (S-TPC-1 (S (NP-SBJ (NP THE MILEAGE RATE) (VP allowed (NP *) (PP for (NP (NP business use) (PP of (NP a car)))) (PP-TMP in (NP 1989)))) (VP has (VP risen (PP-DIR to (NP (NP 25.5 cents) (NP-ADV a mile) (PP for (NP the first 15,000)))) (PP-DIR from (NP 24 cents) (PP-TMP in (NP 1988)))))) , (NP-SBJ the IRS) (VP says (SBAR 0 (S *T*-1)) )) ; (S (NP-SBJ the rate) (VP stays (NP-PRD (NP 11 cents) (PP for (NP each added mile))))) .)) (TOP (FRAG (ADVP Also) (ADJP unaltered) : (NP (NP (NP 12 cents) (PP for (NP charitable activities))) and (NP (NP nine cents) (PP for (NP medical and moving costs)))) .)) (TOP (S-HLN (NP-TTL-SBJ-1 IRA BALANCES) (VP could (VP be (VP used (NP-TTL *-1) (S-CLR (NP-SBJ *-1) (VP to (VP qualify (PP-CLR for (NP bank services))))) (PP-LOC under (NP (NP a bill) (VP entered (NP *) (PP by (NP-LGS Reps. (NX (NX (NX Chandler) (PRN -LRB- (NP R.) , (NP-LOC Wash .) -RRB-)) and (NX (NX Andrews) (PRN -LRB- (NP D.) , (NP-LOC Texas) -RRB-))))))))))) .)) (TOP (S (NP-SBJ The bill) (VP would (VP thwart (NP a recent Labor Department opinion (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP investing (NP individual-retirement-account funds) (S-PRP (NP-SBJ *) (VP to (VP earn (NP free checking)))))) (VP violates (NP the law))))))) .)) (TOP (S-HLN (NP-SBJ HUGO) (VP FELLED (NP vast timberlands)) .)) (TOP (S (NP-SBJ (NP South Carolina 's) congressional delegation) (VP has (VP entered (NP (NP Senate and House bills) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP provide (NP (NP special casualty-loss treatment) and (NP other tax relief)) (PP for (NP (NP timber growers) (PP-LOC in (NP the hurricane disaster areas))))))))))) .)) (TOP (S-HLN (S-TPC-1 (S (NP-SBJ HE) (VP RODE (NP HIS HOBBY))) , but (S (NP-SBJ he) (VP could n't (VP milk (NP it))))) , (NP-SBJ the Tax Court) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ The court) (ADVP-TMP often) (VP weighs (NP (NP deductions) (PP of (NP sideline-business costs))))) : (SQ Do (NP-SBJ they) (VP stem (PP-CLR from (NP (NP a profit-seeking activity) or (NP a nondeductible hobby))))) ?)) (TOP (S But (NP-SBJ (NP it) (S *EXP*-4)) (VP 's (ADJP-PRD rare) (S-4 (NP-SBJ *) (VP to (VP see (NP both functions) (PP-LOC in (NP one case)))))) .)) (TOP (S (NP-SBJ (NP (NP Charles O. Givens) (PP of (NP (NP Mount Vernon) , Ind.))) (PRN - (NP (NP investment broker) , (NP ex-accountant) , and (NP (NP son) (PP of (NP a former stable owner)))) -)) (VP (VP bred (NP Tennessee Walking Horses) (PP-TMP for (NP six years))) , (VP raised (NP cattle) (PP-TMP for (NP four))) , and (VP (ADVP-TMP never) made (NP a profit) (PP-CLR on (NP either)))) .)) (TOP (S (S (NP-SBJ He) (VP claimed (NP (NP losses) (VP totaling (NP $ 42,455 *U*))))) -- and (S (NP-SBJ the IRS) (VP denied (NP (NP them) (NP all)))) .)) (TOP (S (NP-SBJ Special Judge Galloway) (VP noted (SBAR that (S (S (NP-SBJ Givens) (VP managed (NP horse-breeding) (PP-MNR in (NP a businesslike way)))) : (S (NP-SBJ-1 He) (VP (VP kept (NP detailed accounts)) , (VP practiced (NP soil conservation)) , (VP enhanced (NP his experience) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP consulting (NP experts))))) , (VP spent (NP (NP several hours) (NP-ADV a day)) (S (NP-SBJ *-1) (VP doing (NP chores)))) , and (VP dropped (NP the sideline) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ his best brood mare) (VP died (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (S Yet (NP-SBJ he) (VP took (NP little businesslike care) (PP-CLR with (NP his cattle)))) : (S (NP-SBJ He) (VP (VP had (NP no prior experience)) and (VP did n't (VP seek (NP (NP business counsel) (PP about (NP them))))))) .)) (TOP (S (NP-SBJ The judge) (VP (VP said (SBAR 0 (S (NP-SBJ Givens) (VP may (VP deduct (NP (NP his $ 30,180 *U*) (PP of (NP (NP losses) (PP from (NP horse breeding)))))))))) , but (VP rejected (NP (NP the $ 12,275 *U*) (PP in (NP (NP deductions) (PP from (NP the cattle operation))))))) .)) (TOP (NP-HLN BRIEFS :)) (TOP (S (NP-SBJ The IRS) (ADVP-TMP already) (VP is (VP doing (NP (NP intensive TCMP audits) (PP of (NP (NP 19,000 returns) (PP for (NP (NP 1987) and (NP fiscal 1988))) (VP filed (NP *) (PP by (NP-LGS (NP corporations) (PP with (NP (NP (QP under $ 10 million) *U*) (PP in (NP assets)))))))))))) ... .)) (TOP (S (NP-SBJ President Bush) (VP says (SBAR 0 (S (NP-SBJ he) (VP will (VP name (NP Donald E. Kirkendall) (PP-CLR to (NP (NP the new Treasury post) (PP of (NP inspector general)) , (SBAR (WHNP-284 which) (S (NP-SBJ *T*-284) (VP has (NP (NP responsibilities) (PP for (NP the IRS))))))))))))) ... .)) (TOP (S (NP-SBJ (NP The U.S.) and (NP Finland)) (VP signed (NP (NP an income-tax treaty) , (ADJP subject (PP to (NP ratification))))) .)) (TOP (S (NP-SBJ An arbitrator) (VP (VP awarded (NP Eastern Airlines pilots) (NP (NP (QP between $ 60 million and $ 100 million) *U*) (PP in (NP back pay)))) , (NP-ADV (NP a decision) (SBAR (WHNP-285 that) (S (NP-SBJ *T*-285) (VP could (VP complicate (NP (NP the carrier 's) bankruptcy-law reorganization))))))) .)) (TOP (S (NP-SBJ (NP Eastern) , (NP (NP a unit) (PP of (NP Texas Air Corp.))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP is (VP examining (NP the ruling) (S-PRP (NP-SBJ *-1) (VP to (VP determine (SBAR if (S (NP-SBJ it) (VP can (VP appeal)))))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's (ADJP-PRD unclear) (SBAR-1 whether (S (NP-SBJ-2 Eastern) (VP will (VP succeed (PP-LOC-CLR in (S-NOM (NP-SBJ *-2) (VP overturning (NP (NP (NP the arbitrator 's) decision) , (VP made (NP *) (PP-LOC in (NP (NP a long-simmering `` pay parity '' dispute) (SBAR (WHNP-286 that) (S (NP-SBJ *T*-286) (VP predates (NP both (NP (NP the carrier 's) Chapter 11 petition) and (NP (NP its 1986 acquisition) (PP by (NP Texas Air))))))))))))))))))) .)) (TOP (S (NP-SBJ All (NP Eastern 's) previous court efforts (S (NP-SBJ *) (VP to (VP head (PRT off) (NP (NP the pilots ') demands))))) (VP have (VP failed)) .)) (TOP (S (NP-SBJ An Eastern spokesman) (VP said (SBAR 0 (S (NP-SBJ he) (VP does n't (VP expect (SBAR that (S (NP-SBJ (NP the arbitrator 's) ruling) `` (VP will (VP have (NP (NP any overall material effect) (PP on (NP (NP the company 's) strategic plan)))))))))))) . '')) (TOP (S (NP-SBJ Bankruptcy experts) (VP said (SBAR 0 (S (NP-SBJ the law) (VP is n't (ADJP-PRD clear (PP on (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ such an arbitration ruling) (VP can (VP affect (NP (NP a company 's) case) (ADVP-MNR *T*-1))))))))))) .)) (TOP (S (PP Like (NP any other creditor)) , (NP-SBJ-1 the pilots) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP apply (PP-CLR to (NP the court)) (PP-CLR for (NP (NP payment) (PP of (NP their claim))))))))) .)) (TOP (S (NP-SBJ That) (VP may (VP leave (NP (NP a lot) (PP of (NP (NP leeway) (SBAR (WHADVP-1 0) for (S (NP-SBJ U.S. Bankruptcy Judge Burton R. Lifland) (VP to (VP decide (SBAR (WHNP-287 what) , (S (SBAR-ADV if (FRAG (NP anything))) , (NP-SBJ the pilots) (ADVP actually) (VP collect (NP *T*-287)))) (ADVP-LOC *T*-1)))))))))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ he) (VP issued (NP (NP the ruling) (SBAR (WHNP-288 that) (S (NP-SBJ *T*-288) (VP let (S (NP-SBJ the pilots) (VP pursue (NP their back-pay grievance) (PP-LOC before (NP the arbitrator))))))))) .)) (TOP (S (NP-SBJ (NP (NP The pilots ') contract) (PP with (NP Eastern))) (VP calls (SBAR for (S (NP-SBJ a (ADJP mutually acceptable) private arbitrator) (VP to (VP resolve (NP such grievances)))))) .)) (TOP (S (PP-LOC In (NP (NP a statement) (PP to (NP employees)))) , (NP-SBJ Eastern) (VP said (SBAR 0 (S (NP-SBJ the company) (VP was (ADJP-PRD disappointed (PP by (NP the ruling))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The obligation) (VP is (ADJP-PRD totally unwarranted))) , '' (NP-SBJ the statement) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP James Linsey) , (NP (NP a lawyer) (PP for (NP the Air Line Pilots Association))) ,) (VP said (SBAR 0 (S (NP-SBJ the pilots) (VP were (ADJP-PRD extremely pleased))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD (NP a blow) (PP (CONJP not only) (PP to (NP Eastern)) but (PP to (NP the creditors committee)))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Eastern 's) creditors committee) , (ADVP along (PP with (NP the company))) , (VP has (VP (ADVP consistently) opposed (NP (NP (NP the pilots ') claim) , (SBAR (WHNP-1 which) (S (SBAR-ADV if (S (NP-SBJ-5 *-2) (VP paid (NP *-5)))) (NP-SBJ-2 *T*-1) (VP would (VP have (S (NP-SBJ *-2) (VP to (VP come (PP-CLR out (PP of (NP (NP money) (SBAR (WHNP-3 0) (S (NP-SBJ-6 both) (VP hope (S (NP-SBJ-4 *-6) (VP to (VP use (NP *T*-3) (S-CLR (NP-SBJ *-4) (VP to (VP pay (PRT off) (NP other bankruptcy claims))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Eastern) and (NP its creditors)) (VP are (PP-PRD in (NP (NP the final , delicate stages) (PP of (S-NOM (NP-SBJ *) (VP negotiating (NP a second reorganization plan (S (NP-SBJ *) (VP to (VP pay (PRT off) (NP (NP the airline 's) debts))))))))))) .)) (TOP (S (NP-SBJ (NP An earlier plan) , (SBAR (WHNP-289 which) (S (NP-SBJ *T*-289) (VP had (VP received (NP (NP the creditors ') approval) (PP-TMP in (NP July)))))) ,) (VP fell (ADVP-CLR apart) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Eastern) (VP changed (NP its business plan) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ It) (VP is n't (VP known (SBAR whether (S (NP-SBJ-245 the pilot claim) (VP was (VP figured (NP *-245) (PP-CLR into (NP either plan)))))))) .)) (TOP (S (NP-SBJ (NP The dispute) (PP between (NP (NP Eastern) and (NP its pilots)))) (VP is (PP-PRD over (NP (NP a `` pay parity '' clause) (PP-LOC in (NP (NP the pilots ') contract))))) .)) (TOP (S (NP-SBJ The clause) (VP was (NP-PRD (NP part) (PP of (NP (NP an agreement) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ pilots) (VP accepted (NP a substantial pay cut) (ADVP (ADVP as long) (SBAR as (S (NP-SBJ no other labor group) (VP got (NP a raise))))) (PP-LOC *T*-1)))))))) .)) (TOP (S (SBAR-TMP (ADVP Shortly) after (S (NP-SBJ Texas Air) (VP took (NP (NP control) (PP of (NP Eastern)))))) , (NP-SBJ some Machinists union supervisors) (VP received (NP a (ADJP 20 %) pay raise)) .)) (TOP (S (NP-SBJ The pilots) (VP argued (SBAR that (S (NP-SBJ this) (VP triggered (NP (NP a pay raise) (PP for (NP them))))))) .)) (TOP (S (S (NP-SBJ Eastern) (VP has (VP disputed (NP the claim)))) , but (S (NP-SBJ (NP a federal district court) , (NP an appeals court) and (ADVP-TMP now) (NP the arbitrator)) (VP have all (VP sided (PP-CLR with (NP the pilots))))) .)) (TOP (S (NP-SBJ The two sides) (VP do n't (ADVP even) (VP agree (PP-CLR about (SBAR (WHNP-1 (WHADJP how much) money) (S (NP-SBJ *T*-1) (VP is (PP-PRD at (NP issue)))))))) .)) (TOP (S (S (NP-SBJ-1 The pilots) (VP put (NP the amount) (ADVP-PUT-2 (ADVP as high) (PP as (NP (QP $ 100 million) *U*))))) , (S (NP-SBJ=1 the company) (PP=2 at (NP (QP $ 65 million) *U*))) .)) (TOP (S (NP-SBJ Another arbitrator) (VP is (VP hearing (NP (NP another pay parity case) (PP between (NP (NP Eastern) and (NP its pilots))) , (VP resulting (PP-CLR from (NP (NP a similar set) (PP of (NP circumstances)) (VP involving (NP (NP a separate pay raise) (VP granted (NP *) (NP another union)))))))))) .)) (TOP (S (NP-SBJ-1 (NP A decision) (PP on (NP that case))) (VP is n't (VP expected (NP *-1) (PP-TMP before (NP mid-November)))) .)) (TOP (S (ADVP Ironically) , (NP-SBJ (NP many) (PP of (NP (NP the pilots) (VP involved (NP *))))) (VP (VP have (VP left (NP Eastern))) or (VP are (ADVP still) (VP striking (NP (NP the carrier) , (SBAR (WHNP-290 which) (S (NP-SBJ *T*-290) (VP filed (PP-CLR for (NP bankruptcy protection)) (NP-TMP March 9)))))))) .)) (TOP (S (NP-SBJ (QP About 800)) (VP have (VP (VP crossed (NP the picket lines)) and (VP returned (PP-DIR to (NP work))))) .)) (TOP (S (NP-SBJ (NP Few people) (PP-LOC in (NP the advertising business))) (VP have (VP raised (NP (NP (ADJP as many) hackles) (PP as (NP Alvin A. Achenbaum))))) .)) (TOP (S (S (NP-SBJ The general public) (VP may not (VP know (NP his name)))) , but (S (NP-SBJ he) (VP 's (ADJP-PRD famous) (PRN -- (S (NP-SBJ *) (VP make (S (NP-SBJ that) (ADJP-PRD infamous)))) --) (PP-LOC in (NP advertising circles)))) : (S (S-ADV (NP-SBJ *-1) (NP-PRD A marketing consultant)) , (NP-SBJ-1 he) (VP pioneered (S (NP-SBJ *-1) (VP slashing (NP ad agency commissions))) , (PP to (NP (NP (NP the delight) (PP of (NP advertising clients))) and (NP (NP the dismay) (PP of (NP agencies))))))) .)) (TOP (S (ADVP-TMP Now) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP beating (NP them)))) , (NP-SBJ-1 Mr. Achenbaum) (VP is (VP joining (NP them))) .)) (TOP (S (NP-SBJ Backer Spielvogel Bates Worldwide) (VP named (S (NP-SBJ (NP Mr. Achenbaum) , (NP 62) ,) (NP-PRD (NP vice chairman) (PP of (NP professional services)) , (VP reporting (ADVP-MNR directly) (PP-CLR to (NP (NP Carl Spielvogel) , (NP (NP chairman) and (NP chief executive officer)))))))) .)) (TOP (S (NP-SBJ-1 He) (VP joins (NP-TMP Nov. 13) , (S-ADV (NP-SBJ *-1) (VP dissolving (NP (NP his consulting firm) , (NP Canter , Achenbaum Associates))))) .)) (TOP (S (PP-TMP In (NP (NP years) (ADJP past))) , (NP-SBJ-1 (NP the ad industry 's) (ADJP most distinguished) executives) (VP did n't (VP hesitate (S (NP-SBJ *-1) (VP to (VP excorciate (NP Mr. Achenbaum)))))) .)) (TOP (S (NP-SBJ They) (VP have (ADVP-TMP since) (VP mellowed , (SBAR-ADV although (S (NP-SBJ-1 one senior Young & Rubicam executive) , (S-ADV (NP-SBJ *-1) (VP echoing (NP others))) , (VP said : `` (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ ad agencies) (VP owe (NP Carl -LCB- Spielvogel -RCB-) (NP (NP a vote) (PP of (NP (NP thanks) (PP for (S-NOM (NP-SBJ *) (VP getting (NP him) (PP-CLR out (PP of (NP the consulting business))))))))))))))))))) . '')) (TOP (S But (NP-SBJ industry executives) (ADVP also) (VP believe (SBAR 0 (S (S-NOM-SBJ (NP-SBJ *) (VP hiring (NP Mr. Achenbaum))) (VP is (NP-PRD (NP a shrewd move) (PP for (NP (NP Backer Spielvogel) , (NP (NP a unit) (PP of (NP Saatchi & Saatchi)))))))))) .)) (TOP (S (NP-SBJ Mr. Achenbaum) (VP has (VP counted (PP-LOC among (NP his clients)) (NP (NP some) (PP of (NP (NP the (ADJP most visible) blue-chip advertisers) (PP-LOC in (NP the country)) , (PP including (NP (NP Nissan) , (NP Toyota) , (NP Seagram) and (NP Backer Spielvogel clients (NX (NX Hyundai) and (NX J.P. Morgan)))))))))) .)) (TOP (S (S (PP-LOC At (NP Backer Spielvogel)) , (NP-SBJ he) (VP will (VP work (PP-CLR with (NP (NP clients) and (NP potential clients))) (PP-CLR on (NP marketing strategies))))) ; (S (ADVP aside (PP from (NP agency compensation issues))) , (NP-SBJ he) (VP helped (S (NP-SBJ Nissan) , (PP for (NP example)) , (VP come (PRT up) (PP-CLR with (NP (NP its positioning and pricing) (PP for (NP its new Infiniti line)))))))) .)) (TOP (S (NP-SBJ His client contacts) , (ADVP-TMP meanwhile) , (VP could (VP prove (NP (NP a gold mine) (PP for (NP (NP an agency) (SBAR (WHNP-291 that) (S (NP-SBJ *T*-291) (VP has (VP had (NP few new business wins) (PP-TMP of (ADVP late))))))))))) .)) (TOP (S `` (S-TPC-3 (S (NP-SBJ I) (VP 've (VP done (NP (QP over 40) ad agency searches) -LCB- (PP for (NP clients)) -RCB-))) , so (S (NP-SBJ I) (VP have (NP (NP a (ADJP pretty good) notion) (PP of (SBAR (WHNP-1 what) (S (NP-SBJ clients) (VP are (VP interested (PP-CLR in (NP *T*-1)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ they) (VP look (PP-CLR for (NP an agency)) (ADVP-TMP *T*-2))))))))))))) , '' (NP-SBJ Mr. Achenbaum) (VP said (S *T*-3)) .)) (TOP (S (PP As (NP a consultant)) , (NP-SBJ he) (VP has (VP given (NP (NP seminars) (PP *ICH*-1)) (PP-LOC at (NP (NP agencies) (PP including (NP Ogilvy & Mather)))) (PP-1 on (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ *) (VP to (VP win (NP new business) (ADVP-MNR *T*-2)))))))) .)) (TOP (S (NP-SBJ Mr. Spielvogel) (VP said (SBAR 0 (S (NP-SBJ he) (VP hopes (SBAR 0 (S (NP-SBJ Mr. Achenbaum) (VP will (VP do (NP some strategic consulting) (PP-LOC at (NP the agency)) (PP for `` (NP non-clients)) , (PP in (NP hopes (SBAR that (S (NP-SBJ they) (VP become (NP-PRD clients)))))))))))))) . '')) (TOP (S (PP-LOC At (NP Backer Spielvogel)) , (NP-SBJ (NP Mr. Spielvogel 's) hallmark) (VP has (VP been (NP-PRD (NP personal involvement) (PP with (NP all major clients))))) .)) (TOP (S (S (NP-SBJ He) (VP pampers (NP them))) ; (S (NP-SBJ he) (VP invites (NP them) (PP-CLR to (NP fabulous parties)))) ; (S (NP-SBJ he) (VP strokes (NP them))) .)) (TOP (S (NP-SBJ Mr. Achenbaum) , (ADVP too) , (VP delves (PP-CLR into (NP (NP his clients ') business))) .)) (TOP (S `` (NP-SBJ Carl) (VP has (NP (NP a (ADJP much higher) degree) (PP of (NP (NP intimacy) (PP with (NP his clients)))) (SBAR than (S (NP-SBJ *) (VP is (ADJP-PRD ordinary) (PP for (NP (NP an agency) (NP his size)))))))) .)) (TOP (SINV (S-TPC-2 And (PP with (NP (NP (NP Al 's) record) (PP of (S-NOM (NP-SBJ *) (VP being (NP-PRD (NP a delver) and (NP a detail guy))))))) , (NP-SBJ you) (VP can (VP see (SBAR (WHADVP-1 how) (S (NP-SBJ the two) (VP fit (ADVP-MNR *T*-1))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Alan Gottesman) , (NP (NP an analyst) (PP with (NP PaineWebber)))) .)) (TOP (S (NP-SBJ (NP Mr. Achenbaum 's) move) (VP follows (NP (NP the announcement) (NP-TMP last month) (SBAR that (S (NP-SBJ (NP his consulting partner) , (NP Stanley Canter) , (NP 66) ,) (VP would (VP retire)))))) .)) (TOP (S (S-TPC-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the announcement) (VP came (ADVP-CLR out) (ADVP-TMP *T*-1)))) , `` (NP-SBJ I) (VP (VP picked (PRT up) (NP the phone)) and (VP said , ` (SBARQ (WHADVP Why) (SQ do n't (NP-SBJ you) (VP come (PP-DIR to (NP us)))) ?) ')) '') (NP-SBJ Mr. Spielvogel) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Mr. Achenbaum) , (SBAR (WHNP-292 who) (S (NP-SBJ-1 *T*-292) (VP had (VP been (VP considering (S (NP-SBJ *-1) (VP (VP paring (PRT down) (NP his firm)) or (VP merging (NP it) (PP-CLR with (NP another small consulting outfit)))))))))) ,) (ADVP-TMP soon) (VP agreed) .)) (TOP (S (NP-SBJ-1 The two men) (VP are (NP-PRD longtime friends and tennis partners) , (S-ADV (NP-SBJ *-1) (VP having (VP met (ADVP-TMP (NP (QP about 25) years) ago))))) .)) (TOP (S (PP-TMP Before (S-NOM (NP-SBJ *-1) (VP becoming (NP-PRD a consultant) (PP-TMP in (NP 1974))))) , (NP-SBJ-1 Mr. Achenbaum) (VP was (NP-PRD (NP a senior executive) (PP-LOC at (NP J. Walter Thompson Co)))) .)) (TOP (S (NP-SBJ-1 He) (VP (VP spent (NP (NP most) (PP of (NP his career))) (S-CLR (NP-SBJ *-1) (VP formulating (NP marketing strategies)))) , but (VP became (ADJP-PRD best-known (PP for (S-NOM (NP-SBJ *) (VP chipping (ADVP-CLR away) (PP-CLR at (NP ad agency compensation)))))))) .)) (TOP (S (S (NP-SBJ Ad agencies) (ADVP typically) (VP earned (NP a straight (ADJP 15 %) commission))) ; (S (SBAR-ADV if (S (NP-SBJ a client) (VP spent (NP (QP $ 100 million) *U*) (PP-CLR on (NP TV time))))) , (NP-SBJ the agency) (VP made (NP (QP $ 15 million) *U*))) .)) (TOP (S But (NP-SBJ Mr. Achenbaum) (VP pioneered (NP (NP negotiated fees) , (SBAR (WHNP-293 which) (S (NP-SBJ *T*-293) (ADVP-TMP often) (VP worked (PRT out) (PP-CLR to (NP (QP less than 15) %))))))) .)) (TOP (S (ADVP-TMP More recently) , (NP-SBJ he) (VP negotiated (NP (NP `` indemnification '' clauses) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ an ad agency) (PP-LOC in (NP some cases)) (VP must (VP pay (NP a client) (SBAR-ADV if (S (NP-SBJ it) (VP drops (NP the account)))) (PP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ He) (ADVP-TMP ultimately) (VP became (ADJP-PRD (ADJP so well-known (PP for (S-NOM (NP-SBJ *) (VP cutting (NP compensation))))) (PRN , (ADVP however) ,) (SBAR that (S (NP-SBJ clients) (VP did n't (VP seek (NP him) (PRT out) (PP-CLR for (NP (NP anything) (ADJP else))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP was (ADJP-PRD very frustrated))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ (NP The fact) (PP of (NP the matter))) (VP is , (SBAR-PRD 0 (S (NP-SBJ I) (VP am (NP-PRD a marketer))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP another reason) -LCB- (PP for (NP the Backer Spielvogel job)) -RCB-)) .)) (TOP (S (NP-SBJ It) (VP struck (NP me) (PP-CLR as (NP (NP a way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP get (ADVP-CLR back (PP to (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-3 I) (ADVP really) (VP want (S (NP-SBJ *-3) (VP to (VP do (NP *T*-2))))))))) (ADVP-MNR *T*-1)))))))) . '')) (TOP (S (NP-SBJ Mr. Spielvogel) (VP added (ADVP-MNR pointedly) : `` (S (NP-SBJ (NP The pressure) (PP on (NP commissions))) (VP did n't (VP begin (PP with (NP Al Achenbaum)))))) . '')) (TOP (S (NP-SBJ Mr. Spielvogel) (VP said (SBAR 0 (S (NP-SBJ-1 Mr. Achenbaum) (VP will (VP work (PP-CLR with (NP clients)) (S-PRP-CLR (NP-SBJ *-1) (VP (VP to (VP determine (NP (NP the mix) (PP of (NP (NP promotion) , (NP merchandising) , (NP publicity) and (NP other marketing outlets)))))) , and (VP to (VP integrate (NP those services)))))))))) .)) (TOP (S (NP-SBJ He) (VP will (VP concentrate (PP-CLR on (PRN , (PP among (NP others)) ,) (NP (NP J.P. Morgan) and (NP Hyundai))))) .)) (TOP (S (S (NP-SBJ Mr. Achenbaum) (VP helped (NP Morgan) (PP-LOC in (NP its recent agency search)))) , and (S (NP-SBJ he) (VP has (NP (NP a long relationship) (PP with (NP (NP Hyundai) , (SBAR (WHNP-294 which) (S (NP-SBJ *T*-294) (VP is (VP having (NP (NP severe troubles) , (PP including (NP declining sales)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The trail) (PP of (NP revenue))) (VP is (ADVP increasingly) (VP (VP going (ADVP-DIR away (PP from (NP pure advertising)))) , and (VP going (PP-DIR towards (NP other services)))))) , '' (NP-SBJ Mr. Spielvogel) (VP said (S *T*-1)) .)) (TOP (S-1 (PP Instead of (S-NOM (NP-SBJ *-2) (VP being (NP-PRD just an ad agency)))) , (PRN (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) : `` (NP-SBJ-2 We) (VP have (VP redefined (NP (NP our mission) (ADVP-LOC here)))) .)) (TOP (S (NP-SBJ Our mission) (VP is (S-PRD (NP-SBJ *) (VP (VP to (VP help (S (NP-SBJ our clients) (VP grow)))) , and (VP to (VP use (NP (NP every tool) (PP of (NP marketing communications))) (S-CLR (NP-SBJ *) (VP to (VP accomplish (NP that))))))))) . '')) (TOP (S (NP-SBJ Industry executives) (VP are (VP wishing (NP Mr. Achenbaum) (ADVP-CLR well))) .)) (TOP (S (NP-SBJ (NP Leonard Matthews) , (NP (NP then-president) (PP of (NP (NP the American Association) (PP of (NP Advertising Agencies))))) ,) (VP called (S (NP-SBJ Mr. Achenbaum) (NP-PRD a `` quisling '')) (PP-LOC in (NP an incendiary 1987 speech))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ (NP Mr. Matthews) , (ADVP-TMP now) (NP (NP a consultant) (PP with (NP the (NAC-LOC Stamford , Conn. ,) firm Matthews & Johnston))) ,) (VP quipped , `` (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ he) (VP 'll (VP be (ADJP-PRD very good (PP at (NP that -LCB- new job -RCB-)))))))))) .)) (TOP (FRAG And (ADJP (ADJP much better (PP at (NP that))) (PP than (PP at (NP -LCB- (NP the price-cutting) -RCB- (SBAR (WHNP-1 0) (S (NP-SBJ he 's) (VP been (VP doing (NP *T*-1) (ADVP-TMP recently))))))))) . '')) (TOP (NP-HLN Cotton Inc . Campaign)) (TOP (S (NP-SBJ (NP Cotton Inc.) , (NP (NP the fiber company) (SBAR (WHNP-295 that) (S (NP-SBJ *T*-295) (VP represents (NP cotton growers))))) ,) (VP will (VP begin (NP (NP a new ad campaign) , (VP developed (NP *) (PP by (NP-LGS Ogilvy & Mather))) ,) (NP-TMP Thanksgiving Day))) .)) (TOP (S (NP-SBJ (NP J. Nicholas Hahn) , (NP (NP Cotton Inc. 's) (NX (NX president) and (NX chief executive))) ,) (VP was (NP-PRD (NP an outspoken critic) (PP of (NP (NP (NP WPP Group 's) acquisition) (PP of (NP Ogilvy Group)) (NP-TMP earlier this year))))) .)) (TOP (S (S (PP-TMP During (NP the takeover)) , (NP-SBJ Mr. Hahn) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP put (NP his account) (PP-PUT up (PP for (NP review))) (SBAR-ADV if (S (NP-SBJ (NP WPP 's) bid) (VP were (ADJP-PRD successful)))))))))) , but (S (NP-SBJ he) (VP did n't (VP *?*))) .)) (TOP (S (NP-SBJ (NP Cotton Inc. 's) new (ADJP (QP $ 9 million) *U*) campaign ) (VP calls (S (NP-SBJ cotton) (NP-PRD-TTL (NP the `` Fabric) (PP of (NP Our Lives))))) . '')) (TOP (S (NP-SBJ The campaign) (VP (VP replaces (NP its `` (S-TTL (NP-SBJ *) (VP Take (NP Comfort) (PP-LOC-CLR in (NP Cotton)))) '' ads)) and (VP marks (NP (NP the end) (PP of (NP its national cooperative advertising efforts))))) .)) (TOP (S (S (PP-TMP For (NP years)) , (NP-SBJ-246 (NP the company 's) ads) (VP were (VP tied (NP *-246) (PRT in) (PP-CLR with (NP (NP pitches) (PP for (NP (NP Cannon sheets) or (NP Martex towels) (PRN , (PP for (NP example)) ,)))))))) and (S (NP-SBJ (NP an announcer) (PP-TMP at (NP (NP the end) (PP of (NP the ads))))) (VP would (VP tell (NP customers) (SBAR (WHADVP-1 where) (S (NP-SBJ *) (VP to `` (VP find (NP the true performance label) (ADVP-LOC-CLR *T*-1)))))))) . '')) (TOP (S (PP With (NP the new TV spots)) , (NP-SBJ Ogilvy & Mather) (VP has (VP opted (PP-CLR for (NP (NP a family style) (PP with (NP (NP lots) (PP of (NP laughter , hugs and tears)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're (VP making (NP (NP a (ADJP fairly obvious) plea) (PP for (NP some emotional reaction)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Tom Rost) , (NP (NP creative director) (PP-LOC at (NP Ogilvy & Mather)))) .)) (TOP (S (NP-SBJ-1 Cotton Inc.) (VP will (VP spend (NP (QP nearly $ 2 million) *U*) (PP-CLR on (NP broadcasting)) (PP-TMP on (NP (NP Thanksgiving Day) (ADVP alone))) , (S-ADV (NP-SBJ *-1) (VP advertising (PP-LOC on (NP (NP such programs) (PP as (NP `` (NP Good Morning America) , '' `` (NP (NP Macy 's) Thanksgiving Day Parade) '' and (NP the NFL holiday game))))))))) .)) (TOP (S-HLN (NP-SBJ Frank Mingo) (VP Dies (PP at (NP 49))))) (TOP (S (NP-SBJ (NP Frank L. Mingo) , (NP (NP one) (PP of (NP (NP the pioneers) (PP of (NP (NP advertising) (VP targeted (NP *) (PP-CLR at (NP black audiences)))))))) ,) (VP died (PP at (NP (NP the age) (PP of (NP 49)))) (PP-TMP after (NP a stroke))) .)) (TOP (S (NP-SBJ Mr. Mingo) (VP was (NP-PRD (NP chief executive officer) (PP of (NP (NP the Mingo Group) , (SBAR (SBAR (WHNP-297 which) (S (NP-SBJ he) (VP founded (NP *T*-297) (PP-TMP in (NP 1977))))) and (SBAR (WHNP-296 which) (S (NP-SBJ *T*-296) (VP created (NP (NP ads) (PP for (NP the black market))))))))))) .)) (TOP (S (NP-SBJ Clients) (VP include (NP (NP Miller Brewing Co.) and (NP General Motors))) .)) (TOP (S (NP-SBJ-1 Mr. Mingo) (VP (VP was (VP hospitalized (NP *-1) (NP-TMP Sept. 23))) and (VP died (NP-TMP Monday)) , (PP according (PP to (NP (NP Samuel J. Chisholm) , (NP (NP the agency 's) (NX (NX president) and (NX chief operating officer))))))) .)) (TOP (NP-HLN Ad Notes ... .)) (TOP (NP-HLN EARNINGS :)) (TOP (S (NP-SBJ (NP Omnicom Group Inc.) , (NP-LOC New York) ,) (VP reported (SBAR 0 (S (NP-SBJ third-quarter net income) (VP rose (NP-EXT 54 %) (PP-DIR to (NP (NP (QP $ 5.6 million) *U*) , or (NP (NP 22 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 3.6 million) *U*) , or (NP (NP 15 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Revenue) (VP increased (NP-EXT 20 %) (PP-DIR to (NP (QP $ 246.6 million) *U*)) (PP-DIR from (NP (QP $ 204.8 million) *U*))) .)) (TOP (S (NP-SBJ (NP Prime Minister Lee Kuan Yew) , (NP (NP (NP Singapore 's) leader) and (NP (NP one) (PP of (NP (NP Asia 's) leading statesmen)) (PP-TMP for (NP 30 years)))) ,) (ADVP-TMP recently) (VP announced (NP his intention (S (NP-SBJ *) (VP (VP to (VP retire (NP-TMP next year))) (PRN -- (ADVP though) (ADVP not necessarily) (VP to (VP end (NP his influence)))))))) .)) (TOP (S (NP-SBJ-1 (NP The prime minister) , (SBAR (SBAR (WHNP-298 whose hair) (S (NP-SBJ *T*-298) (VP is (UCP-PRD (VP thinning) and (ADJP-PRD gray))))) and (SBAR (WHNP-299 whose face) (S (NP-SBJ *T*-299) (VP has (NP a perpetual pallor))))) ,) (ADVP nonetheless) (VP continues (S (NP-SBJ *-1) (VP to (VP display (NP (NP an energy) , (NP (NP a precision) (PP of (NP thought))) and (NP a willingness (S (NP-SBJ *) (VP to (VP say (ADVP publicly) (SBAR (WHNP-300 what) (S (NP-SBJ-2 most other Asian leaders) (VP dare (S (NP-SBJ *-2) (VP say (NP *T*-300) (ADVP only privately))))))))))))))) .)) (TOP (S (NP-SBJ-1 The 66-year-old Mr. Lee) (ADVP-TMP recently) (VP spent (NP an hour) (S-CLR (NP-SBJ *-1) (VP discussing (NP (NP the state) (PP of (NP (NP Asia) and (NP the world)))) (PP with (NP two Journal reporters)) (PP-LOC in (NP his (ADJP plainly furnished) , wood-paneled office))))) .)) (TOP (S (NP-SBJ The interview) (VP did not (VP touch (PP-CLR on (NP (NP Singapore 's) domestic affairs)))) .)) (TOP (S (S-ADV (NP-SBJ *-3) (VP Skipping (NP personal pleasantries))) , (NP-SBJ-3 Mr. Lee) (VP picked (PRT up) (SBAR (WHADVP-2 exactly where) (S (NP-SBJ he) (VP left (PRT off) (ADVP-LOC-CLR *T*-2) (ADVP-TMP (NP several months) earlier) (PRN -- (PP-TMP before (NP (NP the government crackdown) (PP-LOC in (NP China)))) --) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP had (VP warned (SBAR that (S (NP-SBJ (NP the orthodox leadership) (PP-LOC in (NP Beijing))) (VP feared (NP (NP a plurality) (PP of (NP views)))))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ Excerpts) (VP follow) :)) (TOP (S (PP On (NP (NP China 's) turmoil)) : `` (S-TPC-1 (NP-SBJ It) (VP is (NP-PRD a (ADJP very unhappy) scene))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (S (NP-SBJ It) (VP took (NP-2 (NP Zhao Ziyang) (PRN -LRB- (NP former premier and party chief) -RRB-)) (NP-TMP-CLR 10 years) (S-CLR (NP-SBJ *-2) (VP to (VP build (NP (NP a team) (PP of (NP (NP economists) (SBAR (WHNP-301 who) (S (NP-SBJ *T*-301) (VP understood (SBAR (WHADVP-1 how) (S (NP-SBJ the Western economies) (VP work (ADVP-MNR *T*-1))))))))))))))) and (S (ADVP-TMP now) (NP-SBJ that team) (VP is (NP-PRD (NP (NP part) (PP-LOC in (NP exile))) , (NP (NP part) (VP being (VP rusticated (NP *)))) and (NP (NP part) (ADJP missing))))) . '')) (TOP (S-1 (S-NOM-SBJ (NP-SBJ *) (VP Rebuilding (NP that team))) , (PRN (S (NP-SBJ Mr. Lee) (VP predicted (SBAR 0 (S *T*-1)))) ,) (VP will (VP take (NP another 10 years))) .)) (TOP (S `` (NP-SBJ That) (VP 's (ADJP-PRD very sad) (PP (PP for (NP China)) and (PP for (NP Asia))) (SBAR-PRP because (S (NP-SBJ China) (VP could (VP have (VP been (NP-PRD (NP a good engine) (PP for (NP growth))) , (PP (CONJP not just) (PP for (NP (NP Hong Kong) and (NP Taiwan))) but (PP for (NP (NP Japan) , (NP Korea) and (NP (NP the rest) (PP of (NP Asia)))))))))))) . '')) (TOP (FRAG (PP On (NP (NP similarities) (PP between (NP (NP China) and (NP the Soviet Union))))) : `` (S (PP In (NP important particulars)) , (NP-SBJ the Soviets) (VP are (ADJP-PRD different (PP from (NP the Chinese))))) .)) (TOP (S (NP-SBJ They) (VP are (ADVP already) (ADJP-PRD industrialized)) ... .)) (TOP (S (NP-SBJ Their problem) (VP is (NP-PRD (NP one) (PP of (NP (NP inefficiency) (PP of (NP an industrial economy)))))) .)) (TOP (S (S (NP-SBJ The Chinese problem) (VP is (ADJP-PRD much greater))) -- (S (NP-SBJ it) (VP 's (SBAR-PRD (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP industrialize (ADVP-MNR *T*-1) (S-ADV (NP-SBJ *) (VP to (VP begin (PRT with)))))))))) . '')) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Asked (NP *-2) (SBAR if (S (NP-SBJ the Soviets) , (PP like (NP Chinese officials)) , (VP wo n't (NP-TMP one day) (VP face (NP (NP a similar conflict) (PP between (NP the desire (S (NP-SBJ *) (VP to (VP (VP liberalize (ADVP-MNR economically)) and (ADVP yet) (VP retain (NP political control)))))))))))))) , (NP-SBJ-1 Mr. Lee) (VP said , `` (S (NP-SBJ I) (VP would (VP think (SBAR that (S (NP-SBJ the Soviets) (VP face (NP a deeper dilemma) (SBAR-PRP because (S (S (NP-SBJ they) (VP have (VP been (PP-PRD (PP (ADVP more) in (NP blinkers)) (PP than (NP the Chinese)))))) -- (S (NP-SBJ I) (VP mean (S (NP-SBJ *) (VP keeping (S (NP-SBJ-3 their people) (VP cut (PRT off) (NP *-3) (PP-CLR from (NP the outside world))))))))))))))))) . '')) (TOP (S-1 (NP-SBJ Mikhail Gorbachev) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (VP is (ADVP-PRD ahead (PP of (NP (NP China 's) leaders)) (PP-LOC in (NP (NP his awareness) (PP of (NP the world)))))) .)) (TOP (S `` But (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the Soviet peoples) (VP are (ADJP-PRD (ADJP more introverted) (PP than (NP the Chinese))))))) . '')) (TOP (S-1 (ADVP Regardless) (PRN , (S (NP-SBJ he) (VP said (S *T*-1))) ,) (NP-SBJ he) (ADVP still) (VP believes (SBAR 0 (S (NP-SBJ-2 the Soviet Union) , (SBAR-ADV while (S (NP-SBJ *-2) (VP falling (ADVP-CLR far short (PP of (NP (NP the efficiency) (PP of (NP a Western economy)))))))) , (VP may (ADVP well) (VP manage (S (NP-SBJ *-2) (VP to (VP improve (ADVP considerably))))))))) .)) (TOP (FRAG (PP On (NP Asia-Pacific prosperity)) : `` (S (SBAR-ADV If (S (S (NP-SBJ America) (VP can (VP keep (PRT up) (NP (NP the present situation) -- (NP (NP her markets) (ADJP open))) (PP-TMP for (NP another 15 years)) , (PP with (NP adjustments))))) , and (S (S (NP-SBJ-1 Japan) (VP can (VP (VP grow) and (VP not cut (PRT back))))) , and so (S (ADVP too) , (NP=1 (NP Korea) , (NP Taiwan) , (NP Hong Kong) , (NP Singapore) , (NP ASEAN) , (NP Australia) and (NP New Zealand)))))) -- (ADVP then) (PP-TMP in (NP 15 years)) , (NP-SBJ-2 (NP the economies) (PP of (NP these countries))) (VP would (VP be (VP (ADVP totally) restructured (S (NP-SBJ-3 *-2) (VP to (VP be (ADJP-PRD able (S (NP-SBJ *-3) (VP to (ADVP almost) (VP sustain (NP growth) (PP by (NP themselves))))))))))))) . '')) (TOP (S (S-TPC-1 (PP-LOC In (NP such an arrangement)) , `` (NP-SBJ all) (VP benefit) , '') (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` And (SBAR-ADV if (S (NP-SBJ the Europeans) (VP come (ADVP-DIR in)))) , (NP-SBJ they) (VP benefit (ADVP too)) .)) (TOP (S (NP-SBJ It) (VP 's not (NP-PRD a zero-sum game)) . '')) (TOP (S (S-ADV (NP-SBJ-3 *-2) (VP Asked (NP *-3) (PP-CLR about (NP (NP the possibility) (PP of (NP (NP greater economic cooperation) (PP among (NP Asia-Pacific nations)))) , (SBAR (WHNP-1 which) (S (NP-SBJ-247 *T*-1) (VP will (VP be (VP discussed (NP *-247) (NP-TMP Nov. 6 and 7) (PP-LOC at (NP (NP a ministerial meeting) (PP-LOC in (NP Canberra))))))))))))) , (NP-SBJ-2 Mr. Lee) (VP said (SBAR 0 (S (NP-SBJ the goal) `` (VP is (S-PRD (NP-SBJ *) (VP to (VP have (NP a (ADJP free and open) world trading system)))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ An Asian bloc) (VP is n't (ADJP-PRD intended))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (NP-SBJ That) (VP 's not (ADJP-PRD possible)) . '')) (TOP (FRAG (PP On (NP U.S.-Japan relations)) : `` (S (NP-SBJ I) (VP 'm (ADJP-PRD encouraged))) .)) (TOP (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ (NP the earlier strident notes) (VP struck (NP *) (PP by (NP-LGS (NP -LCB- U.S. Commerce Secretary Robert -RCB- Mosbacher) and (NP -LCB- U.S. Trade Representative -RCB- Carla Hills))))) (VP have (VP been (ADJP-PRD more rounded)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ the U.S.) (VP is (VP becoming (ADJP-PRD more patient and circumspect))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S-CLF `` (NP-SBJ It) (VP 's (NP-PRD the total relationship) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD important))))) . '')) (TOP (S (NP-SBJ The total relationship) (PRN , (SBAR-ADV as (S (NP-SBJ Mr. Lee) (VP sees (NP it)))) ,) (VP is `` (NP-PRD (NP (NP the flow) (PP of (NP dollars)) (PP to (NP the U.S.)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP fund (NP the deficits)))))) , (NP (NP the investments) (SBAR (WHNP-1 0) (S (NP-SBJ-3 the Japanese) (VP are (VP making (NP *T*-1) (PP-LOC in (NP the U.S.)) (SBAR-PRP in order (S (NP-SBJ *-3) (VP to (VP satisfy (NP American demand (SBAR that (S (NP-SBJ-248 (NP American products) (VP consumed (NP *) (PP-LOC in (NP America)))) (VP should (VP be (VP made (NP *-248) (ADVP (ADVP as much) (PP as (ADJP possible))) (PP-LOC in (NP America)) (PP by (NP-LGS Americans)) (PP-MNR with (NP Japanese technology and capital))))))))))))))))))) . '')) (TOP (S-1 (NP-SBJ (NP Japan 's) recent political turbulence) (PRN , (S (NP-SBJ Mr. Lee) (VP said (SBAR 0 (S *T*-1)))) ,) (VP may (VP mean (SBAR 0 (S (NP-SBJ Japan) (VP will (VP slow (NP market adjustments))))))) .)) (TOP (S `` (NP-SBJ-1 They) (VP 'll (VP be (ADJP-PRD more timorous) (PP-LOC in (S-NOM (NP-SBJ *-1) (VP tackling (NP their own voters) , (PP like (S-NOM (NP-SBJ *) (VP opening (PRT up) (ADVP more) (PP-CLR to (NP (NP agricultural imports) (PP from (NP America)))) , (S-ADV (NP-SBJ *) (VP hurting (NP their farmers))))))))))) . '')) (TOP (FRAG (PP On (NP (NP U.S. military presence) (PP-LOC in (NP Asia)))) : (S (S-ADV (NP-SBJ-4 *-3) (VP Asked (NP *-4) (SBAR if (S (NP-SBJ his offer (S (NP-SBJ *) (VP to (VP allow (S (NP-SBJ the American military) (VP to (VP use (NP facilities) (PP-LOC in (NP Singapore))))))))) (VP would (VP help (VP preserve (NP (NP America 's) presence) (PP-LOC in (NP the region)) (PP-LOC at (NP (NP bases) (PP-LOC in (NP the Philippines))))))))))) , (NP-SBJ-3 he) (VP said , `` (S (SBAR-NOM-SBJ (WHNP-302 What) (S (NP-SBJ we) (VP have (VP done (NP *T*-302))))) (VP is (S-PRD (NP-SBJ *) (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD easier) (SBAR-1 for (S (NP-SBJ-5 the Philippines) (VP to (VP continue (S (NP-SBJ *-5) (VP to (VP host (NP American bases)))) (PP without (S-NOM (NP-SBJ it) (VP being (VP said (SBAR 0 (S (NP-SBJ they) (VP are (NP-PRD (NP (NP lackeys) (PP of (NP the imperialists))) and (NP (NP the only ones) (PP-LOC (PP in (NP Asia)) or (PP in (NP Southeast Asia))))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 We) (VP are (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP share (NP (NP the political burden) (PP of (S-NOM (NP-SBJ *) (VP being (NP-PRD (NP host) (PP to (NP (NP America) , (NP an imperial power))))))))))))) .)) (TOP (S (S (NP-SBJ We) (VP think (SBAR (SBAR 0 (S (NP-SBJ it) (VP is n't (NP-PRD such a great burden)))) , (SBAR that (S (NP-SBJ it) (VP carries (NP no stigma))))))) , and (S (NP-SBJ-1 we) (VP are (ADJP-PRD prepared (S (NP-SBJ *-1) (VP to (VP do (NP it))))))) . '')) (TOP (FRAG (PP On (NP U.S.-Philippine relations)) : `` (S (NP-SBJ It) (VP 's (NP-PRD (NP such a mixed-up relationship) (VP going (ADVP-CLR back) (PP-CLR into (NP history)))))) ... .)) (TOP (S (NP-SBJ I) (ADVP really) (VP do not (VP understand (SBAR (WHADVP-2 how) (S (NP-SBJ it) (VP is (SBAR-PRD that (S (NP-SBJ Filipinos) (VP feel (ADJP-PRD (ADVP so passionately) involved (PP in (NP (NP this father figure) (SBAR (WHNP-1 that) (S (S (NP-SBJ-4 they) (VP want (S (NP-SBJ *-4) (VP to (VP dispose (PP-CLR of (NP *T*-1))))))) and (ADVP yet) (S (NP-SBJ they) (VP need (NP *T*-1))))))))))) (ADVP *T*-2)))))) .)) (TOP (S (NP-SBJ I) (ADVP just) (VP do n't (VP understand (NP it))) .)) (TOP (S (NP-SBJ (NP My relationships) (PP with (NP the British))) (VP are (ADJP-PRD totally different)) .)) (TOP (S (NP-SBJ They) (VP lorded (NP it) (PP-CLR over (NP me))) .)) (TOP (S (NP-SBJ They) (VP did (NP me) (NP some good)) .)) (TOP (S (NP-SBJ They) (VP did (NP themselves) (NP even more good)) .)) (TOP (S (NP-SBJ They) (VP let (NP me) (PRT down) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the Japanese) (VP came (ADVP-DIR down) -LCB- (PP-TMP during (NP World War II)) -RCB- (ADVP-TMP *T*-1))))) ... .)) (TOP (S (NP-SBJ I) (VP do n't (VP feel (ADJP-PRD (ADJP down) or (ADJP done (PRT in))) (SBAR-PRP because (S (NP-SBJ I) (VP (VP show (NP British serials) (PP-LOC on (NP my television network))) or (VP read (NP their books))))))) .)) (TOP (S (NP-SBJ I) (VP mean (SBAR 0 (S (NP-SBJ it) (VP is (NP-PRD a normal adult relationship))))) .)) (TOP (S `` But (NP-TPC (NP the Filipinos) and (NP the Americans)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ I) (VP talk (PP-CLR to (NP them)) (ADVP-TMP *T*-1)))) , (NP-SBJ there) (VP 's (NP-PRD (NP (NP (ADJP so much) passion) (PP about (NP (NP-SBJ Filipino manhood) (VP being (VP diminished (NP *) (PP as (NP (NP a result) (PP of (S-NOM (NP-SBJ *) (VP being (VP squatted (PP-LOC-CLR upon (NP *)) (PP by (NP-LGS the Americans))))))))))))) and (ADVP so on))) .)) (TOP (S (S (NP-SBJ-1 The occasional Englishman) (VP tries (S (NP-SBJ *-1) (VP to (VP put (PRT on) (NP airs)))))) but (S (NP-SBJ we) (VP let (S (NP-SBJ it) (VP pass)))) ... .)) (TOP (S (NP-SBJ It) (VP 's (ADJP-PRD just comic) (SBAR (WHADVP-1 when) (S (NP-SBJ-2 they) (VP try (S (NP-SBJ *-2) (VP to (VP pretend (SBAR 0 (S (NP-SBJ they) (VP 're (ADVP still) (NP-PRD the master race))))))) (ADVP-TMP *T*-1))))) . '')) (TOP (S (NP-SBJ Mr. Lee) (VP added (SBAR that (S (NP-SBJ the Filipinos) (VP are `` (VP making (S (NP-SBJ (NP it) (SBAR *EXP*-3)) (ADJP-PRD very difficult) '' (SBAR-3 for (S (NP-SBJ the U.S. military presence) (VP to (VP last (PP-TMP beyond (NP (QP five or 10) years)))))))))))) .)) (TOP (FRAG (PP On (NP (NP military alternatives) (SBAR-ADV if (S (NP-SBJ the U.S.) (VP pulls (ADVP-DIR back)))))) : `` (S (NP-SBJ The Soviets) (ADVP already) (VP are (ADJP-PRD present))) .)) (TOP (S (NP-SBJ I) (VP suppose (SBAR 0 (S (ADVP-TMP sooner or later) , (NP-SBJ-1 the Japanese) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP fill (PRT up) (NP (NP a large part) (PP of (NP (NP the gap) (PP on (NP the naval side))))))))))))) .)) (TOP (FRAG Maybe (NP the Chinese) , maybe even (NP the Indians) . '')) (TOP (FRAG (PP On (NP (NP economic consequences) (PP of (NP a diminished U.S. presence)))) : `` (S (NP-SBJ America) (VP is (NP-PRD (NP the only major power) (PP-TMP in (NP recent history)) (SBAR (WHNP-303 that) (S (NP-SBJ-1 *T*-303) (VP has (VP used (NP its military might) (S-CLR (NP-SBJ *-1) (VP to (VP sustain (NP (NP a system) (SBAR (WHNP-304 that) (S (NP-SBJ *T*-304) (VP enables (S (NP-SBJ all participants) (VP to (ADVP equally) (VP benefit (PP without (S-NOM (NP-SBJ her) (PP as (NP (NP the provider) (PP of (NP the security)))) (VP taking (NP royalties))))))))))))))))))))) . '')) (TOP (S (S-ADV (NP-SBJ-4 *-3) (VP Asked (NP *-4) (SBAR (WHADVP-1 why) (S (NP-SBJ-2 (ADJP so few) nations) (VP seem (S (NP-SBJ *-2) (VP to (VP share (NP (NP his views) (PP of (NP America)))))) (ADVP-PRP *T*-1)))))) , (NP-SBJ-3 he) (VP said , `` (S (NP-SBJ Many people) (VP see (S (NP-SBJ it) (NP-PRD that way))))) .)) (TOP (S But (NP-SBJ they) (VP have (ADVP just) (VP taken (NP-1 it) (SBAR-CLR for (S (NP-SBJ-2 *-1) (VP granted (NP *-2)))))) . '')) (TOP (FRAG (PP On (NP Cambodia)) : `` (S (NP-SBJ *) (VP Let (S (NP-SBJ 's) (VP assume (SBAR that (S (NP-SBJ -LCB- former Cambodian leader Prince Norodom -RCB- Sihanouk) (VP (VP does (SBAR-NOM (WHNP-1 what) (S (NP-SBJ the press) (VP wants (S (NP-SBJ him) (VP to (VP do (NP *T*-1)))))))) and (VP joins (PRT up) (PP-CLR with (NP -LCB- Vietnamese-backed Cambodian leader -RCB- Hun Sen)))))))))) .)) (TOP (SQ Is (NP-SBJ the trouble) (ADVP-PRD over) ?)) (TOP (SQ Can (NP-SBJ (NP Sihanouk) and (NP Hun Sen)) (VP knock (PRT off) (NP (NP the Khmer Rouge) (VP (ADVP still) supported (NP *) (PP by (NP-LGS China))))) ?)) (TOP (S (NP-SBJ He) (VP ca n't (VP *?*)) .)) (TOP (SBARQ `` (WHNP-305 What) (SQ (NP-SBJ *T*-305) (VP is (NP-PRD (NP the way) (ADVP forward)))) ?)) (TOP (S (NP-SBJ *) (VP To (VP get (NP the Khmer Rouge) (PP-CLR as (NP (NP part) (PP of (NP (NP a process) (PP for (NP elections)))))))) .)) (TOP (S And (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP lose (ADVP-TMP *T*-1)))) , (ADVP-TMP then) (NP-SBJ we) (VP can (VP expect (S (NP-SBJ China) (VP to (VP stop (NP aid)))))) .)) (TOP (S (NP-SBJ *) (VP Let (S (NP-SBJ 's) (VP put (NP it) (ADVP-MNR bluntly)))) .)) (TOP (S (NP-SBJ-1 The Chinese) (VP can not (VP be (VP seen (S (NP-SBJ *-1) (VP to (VP have (VP (VP made (NP (NP use) (PP of (NP the Khmer Rouge)))) and (ADVP then) (VP discard (NP them))))))))) . '')) (TOP (S (NP-SBJ Ms. House) (VP is (NP-PRD (NP vice president) (PP of (NP Dow Jones International Group)))) .)) (TOP (S (NP-SBJ Mr. Wain) (VP is (NP-PRD (NP editor) (PP of (NP The Asian Wall Street Journal)))) .)) (TOP (S (NP-SBJ Everything) (VP looked (ADJP-PRD good) (SBAR-TMP as (S (NP-SBJ (NP neurosurgeon Walter Levy) and (NP colleagues)) (ADVP-MNR carefully) (VP cut (ADVP-CLR away) (NP (NP a woman 's) spinal tumor) (PP-LOC at (NP the Cleveland Clinic)) (PP-TMP in (NP 1978)))))) .)) (TOP (S (S-MNR (NP-SBJ *-1) (VP Using (NP (NP small electrical shocks) (VP applied (NP *) (PP-CLR to (NP her feet)))))) , (NP-SBJ-1 they) (VP were (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP monitor (NP sensory nerves)))))) .)) (TOP (S (NP-SBJ The shocks) (VP generated (NP (NP nerve impulses) (SBAR (WHNP-306 that) (S (NP-SBJ-1 *T*-306) (VP (VP traveled (PP-MNR via (NP spine)) (PP-DIR to (NP brain))) and (VP showed (PRT up) (ADVP-MNR clearly) (PP-LOC on (NP a brain-wave monitor))) , (S-ADV (NP-SBJ *) (VP indicating (NP (NP no damage) (PP to (NP the delicate spinal tissue)))))))))) .)) (TOP (SINV (ADVP-TMP Then) , (VP says (S *ICH*-1)) (NP-SBJ Dr. Levy) , `` (S-1 (NP-SBJ-2 she) (VP woke (PRT up) (S-ADV (NP-SBJ *-2) (ADJP-PRD paralyzed)))) . '')) (TOP (S (S-TPC-1 (NP-SBJ The damage) (VP was (PP-PRD to (NP (NP her motor nerves) , (SBAR (WHNP-2 which) (S (NP-SBJ-251 *T*-2) (VP could n't (VP be (VP monitored (NP *-251) (ADVP along (PP with (NP the sensory nerves)))))))))))) , (NP-SBJ he) (VP explains (SBAR 0 (S *T*-1))) .)) (TOP (S-1 (NP-SBJ The tragedy) (PRN , (S (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1)))) ,) `` (VP galvanized (S (NP-SBJ me) '' (VP to (VP look (PP-CLR for (NP (NP a way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP prevent (NP similar cases) (ADVP-MNR *T*-2))))))))))) .)) (TOP (S (NP-SBJ (NP Dr. Levy 's) answer) (VP may (VP come (PP with (NP (NP a new kind) (PP of (NP (NP magnetic brain probe) , (NP (NP a device) (SBAR (WHNP-307 that) (S (NP-SBJ (NP he) and (NP (NP dozens) (PP of (NP U.S. researchers)))) (VP are (VP studying (NP *T*-307) (PP-MNR with (NP great hope))))))))))))) .)) (TOP (S (PP Besides (S-NOM (NP-SBJ *-1) (VP holding (NP (NP the promise) (PP of (NP safer spinal surgery)))))) , (NP-SBJ-1 the probe) (VP could (VP improve (NP (NP the diagnosis) (PP of (NP (NP brain and nerve disorders) (PP such as (NP (NP strokes) and (NP multiple sclerosis)))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (ADVP Perhaps) (ADJP-PRD most exciting)) , (NP-SBJ the device) (VP is (VP thrusting (PRT open) (NP (NP a window) (PP to (NP (NP the workings) (PP of (NP the brain))))))) .)) (TOP (S (NP-SBJ-1 (NP The probe) , (SBAR (WHNP-308 which) (S (NP-SBJ *T*-308) (VP is (ADJP-PRD (ADJP painless) , (ADJP non-invasive) and (ADJP apparently harmless))))) ,) (VP employs (NP strong magnetic fields) (S-PRP (NP-SBJ *-1) (VP to (VP induce (NP (NP small whirlwinds) (PP of (NP electricity))) (PP-LOC within (NP the brain)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ *-1) (VP positioned (PP-LOC over (NP (NP the brain 's) motor-control area))))) , (NP-SBJ-1 the hand-held electromagnets) (VP generate (NP (NP nerve impulses) (SBAR (WHNP-309 that) (S (NP-SBJ *T*-309) (VP (VP zip (PP-DIR down (NP motor nerves))) and (VP activate (NP muscles)))))) , (S-ADV (NP-SBJ *) (VP making (PRN , (INTJ say) ,) (S (NP-SBJ a finger) (VP twitch))))) .)) (TOP (S (PP In (NP principle)) , (NP-SBJ they) (VP will (VP enable (S (NP-SBJ doctors) (VP to (VP check (NP (NP the body 's) motor system) (NP-MNR (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ-2 an electrician) (VP tests (NP (NP a home 's) electrical circuits) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP running (NP current) (PP-CLR through (NP them))))) (ADVP-MNR *T*-1)))))))))) .)) (TOP (SINV `` (S-TPC-1 (PP-TMP Until (ADVP now)) , (NP-SBJ we) (VP 've (VP had (NP (NP no objective way) (PP of (S-NOM (NP-SBJ *) (VP measuring (NP motor function)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Keith Chiappa) , (NP (NP a neurologist) (VP conducting (NP (NP clinical tests) (PP with (NP the devices))) (PP-LOC at (NP (NP Boston 's) Massachusetts General Hospital))))) .)) (TOP (S `` (NP-SBJ (NP All) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP could (VP do (NP *T*-1)))))) (VP was (VP tell (NP a patient) , (S ` (S (NP-SBJ *) (VP squeeze (NP my fingers) (ADVP-MNR (ADVP as hard) (SBAR as (S (NP-SBJ you) (VP can (VP *?*))))))) ' or ` (S (NP-SBJ *) (VP raise (NP your arm)))))) . ')) (TOP (S `` (S (PP Under (NP the best circumstances)) (NP-SBJ such tests) (VP are (ADJP-PRD subjective))) ; (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ a patient) (VP is (ADJP-PRD unconscious) (ADVP-TMP *T*-1)))) , (NP-SBJ they) (VP do n't (VP work (ADVP at all)))) .)) (TOP (S (NP-SBJ Magnetic brain tweaking) (VP started (PP-TMP in (NP (NP the early 1900s) , (SBAR (WHADVP-1 when) (S (NP-SBJ researchers) (VP produced (NP (NP flashes) (PP of (NP light))) (PP-LOC in (NP the visual field)) (PP-MNR with (NP magnets)) (ADVP-TMP *T*-1))))))) .)) (TOP (S (PP-TMP In (NP the 1960s)) , (NP-SBJ Mayo Clinic researchers) (VP developed (NP (NP magnetic devices) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP stimulate (NP motor nerves) (PP-LOC in (NP (NP the hand) and (NP other limbs))))))))) .)) (TOP (SINV (S-TPC-1 But (PP for (NP brain tests)) , (NP-SBJ the unwieldy machines) `` (VP would (VP have (VP required (S (NP-SBJ patients) (VP to (VP stand (PP-MNR on (NP their heads)))))))) , '') (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Reginald Bickford) , (NP (NP a researcher) (PP-LOC at (NP (NP the University) (PP of (NP California)) (PP-LOC at (NP San Diego)))))) .)) (TOP (S (NP-SBJ The field) (VP took (ADVP-CLR off) (PP-TMP in (NP 1985)) (SBAR-TMP after (S (NP-SBJ (NP scientists) (PP-LOC at (NP (NP Britain 's) Sheffield University))) (VP developed (NP (NP a handy , compact magnet) (PP for (NP brain stimulation))))))) .)) (TOP (S (PP-TMP Since (ADVP then)) , (S (NP-SBJ-252 (QP at least two) commercial versions) (VP have (VP been (VP put (NP *-252) (PP-PUT on (NP the U.S. market)))))) , and (S (NP-SBJ-253 an estimated 500) (VP have (VP been (VP sold (NP *-253))))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ (NP a Chicago conference) (PP on (NP such devices))) (VP attracted (NP (NP (QP more than 100) researchers) , (SBAR (WHNP-310 who) (S (NP-SBJ *T*-310) (VP reported (NP (NP studies) (PP on (NP (NP everything) (PP (PP from (NP brain mapping)) (PP to (NP physical therapy))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ We) (VP do n't (VP feel (SBAR 0 (S (NP-SBJ we) (VP can (VP use -LCB- (NP the devices) -RCB- (ADVP-MNR routinely) (PP-LOC in (NP surgery)) (ADVP-TMP yet)))))))) , but (S (NP-SBJ we) (VP 're (VP getting (ADJP-PRD close))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Dr. Levy) , (SBAR (WHNP-311 who) (S (NP-SBJ *T*-311) (VP is (ADVP-TMP now) (PP-PRD with (NP (NP the University) (PP of (NP Pittsburgh)))))))) .)) (TOP (S-1 (NP-SBJ A problem) (PRN , (S (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1)))) ,) (VP is (SBAR-PRD that (S (NP-SBJ anesthetized brains) (VP are (ADJP-PRD (ADJP more resistant (PP to (NP magnetic stimulation))) (PP than (NP awake ones))))))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ-1 The devices) (VP could (VP help (S (NP-SBJ *-1) (VP indicate (SBAR (WHADVP-2 when) (S (NP-SBJ surgery) (VP would (VP help (ADVP-TMP *T*-2)))))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Charles Tator) , (NP a (NAC University (PP of (NP Toronto))) neurosurgeon)) .)) (TOP (S (PP For (NP example)) , (NP-SBJ paralyzed car-crash victims) (ADVP-TMP occasionally) (VP have (NP (NP (NP some intact spinal tissues) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) , (SBAR-ADV if (S (NP-SBJ-3 *-2) (VP preserved (NP *-3) (PP by (NP-LGS emergency surgery))))) , (VP enable (NP partial recovery))))))) .)) (TOP (S But (NP-SBJ-2 such operations) (ADVP typically) (VP are n't (VP performed (NP *-2) (SBAR-PRP because (S (NP-SBJ there) (VP is (NP-PRD no sign (SBAR *ICH*-1)) (PP-TMP (ADVP right) after (NP an injury)) (SBAR-1 that (S (NP-SBJ surgery) (VP would (VP be (ADJP-PRD beneficial)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The cost) -LCB- (PP of (NP magnetic stimulators)) -RCB-) (VP would (VP seem (PP-CLR like (NP peanuts)) (SBAR-ADV if (S (NP-SBJ we) (VP could (VP retrieve (NP limb function) '' (PP-LOC in (NP such people))))))))) , (NP-SBJ Dr. Tator) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Scientists) (VP caution (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD a chance (SBAR 0 (S (NP-SBJ the magnet technique) (VP might (VP spark (NP seizures) (PP-LOC in (NP epileptics))))))))))) .)) (TOP (S But (NP-SBJ-254 no significant problems) (VP have (VP been (VP reported (NP *-254)))) (PP among (NP (NP hundreds) (PP of (NP (NP people) (VP tested (NP *) (PP with (NP the devices))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The main sensation) , (PP besides (S-NOM (NP-SBJ *) (VP feeling (PP-CLR like (NP (NP a puppet) (VP jerked (NP *) (PP-MNR with (NP invisible strings)))))))) ,) (VP is `` (PP-PRD like (NP (NP a rap) (PP on (NP the head)))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP-SBJ Sam Bridgers) , (NP (NP a neurologist) (SBAR (WHNP-313 who) (S (NP-SBJ *T*-313) (VP has (VP studied (NP the brain stimulators) (PP-LOC at (NP Yale University)))))))) .)) (TOP (S (NP-SBJ One apparent side effect) (VP is (NP-PRD (NP a minor increase) (PP in (NP a brain hormone)))) .)) (TOP (S And (NP-SBJ (NP some doctors) (SBAR (WHNP-314 who) (S (NP-SBJ *T*-314) (VP have (VP conducted (NP (NP hours) (PP of (NP tests))) (PP-CLR on (NP themselves))))))) (VP report (NP temporary headaches)) .)) (TOP (S (NP-SBJ (NP (QP At least two) companies) , (NP (NP (NP Cadwell Laboratories Inc.) (PP of (NP (NP Kennewick) , (NP Wash.)))) , and (NP (NP Novametrix Medical Systems Inc.) (PP of (NP (NP Wallingford) , (NP Conn.))))) ,) (ADVP-TMP now) (VP sell (NP (NP versions) (PP of (NP the magnetic devices)))) .)) (TOP (S (NP-SBJ-2 (NP The machines) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (PP-LOC at (NP $ 12,500 *U*)) (VP are (ADJP-PRD inexpensive (PP by (NP medical standards)))))) ,) (VP (VP have n't (VP been (VP approved (NP *-2) (PP-LOC in (NP the U.S.)) (PP-CLR for (NP (NP marketing) (PP as (NP brain stimulators))))))) but (VP are (VP sold (PP-CLR for (S-NOM (NP-SBJ *) (VP stimulating (NP (NP nerves) (PP-LOC in (NP (NP the hand) , (NP legs) and (NP other non-brain areas)))))))))) .)) (TOP (S (NP-SBJ Researchers) (VP can (VP apply (PP-CLR for (NP permission (S (NP-SBJ *) (VP to (VP use (NP the probes) (PP-CLR for (NP brain studies))))))))) .)) (TOP (S (PP-LOC At (NP (NP the University) (PP of (NP Kentucky)))) , (NP-SBJ (NP a team) (VP led (NP *) (PP by (NP-LGS (NP Dean Currier) , (NP a physical therapy researcher) ,)))) (VP is (VP testing (NP the stimulators) (PP-CLR in (NP (NP conjunction) (PP with (NP electric shocks)))) (S-PRP (NP-SBJ *) (VP to (VP induce (NP muscle contractions) (S-PRP (NP-SBJ-1 *) (VP to (VP help (S (NP-SBJ *-1) (VP prevent (NP (NP wasting) (PP of (NP thigh muscles))) (PP-TMP after (NP knee surgery)))))))))))) .)) (TOP (S (ADVP Similarly) , (NP-SBJ-2 (NP a Purdue University team) (VP led (NP *) (PP by (NP-LGS heart researcher W.A. Tacker)))) (VP hopes (S (NP-SBJ *-2) (VP to (VP develop (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP (ADVP-MNR magnetically) induce (NP cardiac muscle contractions) (ADVP-MNR *T*-1)))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The devices) (VP might (ADVP-TMP someday) (VP serve (PP-CLR as (NP (NP temporary pacemakers) or (NP (NP restarters) (PP for (NP stopped hearts)))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Dr. Tacker) , (SBAR (WHNP-2 whose prototype) (S (NP-SBJ-255 *T*-2) (VP was (VP dubbed (S (NP-SBJ *-255) (NP-PRD the `` Tacker whacker))))))) . '')) (TOP (S (NP-SBJ (NP The devices ') (ADJP most remarkable) possibilities) , (ADVP though) , (VP involve (NP the brain)) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Probing (PP-MNR with (NP the stimulators)))) , (NP-SBJ (NAC National Institutes (PP of (NP Health))) scientists) (ADVP-TMP recently) (VP showed (SBAR (WHADVP-1 how) (S (NP-SBJ the brain) (VP reorganizes (NP motor-control resources) (PP-TMP after (NP an amputation)) (ADVP-MNR *T*-1))))) .)) (TOP (S (NP-SBJ-3 Similar studies) (VP are (VP expected (S (NP-SBJ *-3) (VP to (VP (VP reveal (SBAR (WHADVP-1 how) (S (NP-SBJ (NP stroke patients ') brains) (VP regroup (ADVP-MNR *T*-1))))) -- (NP-ADV (NP a first step) (PP toward (S-NOM (NP-SBJ *) (VP finding (NP (NP ways) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP (VP bolster (NP that process)) and (VP speed (NP rehabilitation)) (ADVP-MNR *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ Scientists) (ADVP also) (VP are (VP exploring (NP memory and perception) (PP-MNR with (NP the new machines)))) .)) (TOP (S (PP-LOC At (NP (NP the State University) (PP of (NP New York)) (PP-LOC at (NP Brooklyn)))) , (NP-SBJ researchers) (VP flash (NP (NP two groups) (PP of (NP different letters))) (PP-LOC-CLR on (NP (NP a computer screen) (PP-LOC in (NP (NP front) (PP of (NP human guinea pigs))))))) .)) (TOP (S (PP Between (NP flashes)) , (NP-SBJ-256 (NP certain areas) (PP-LOC in (NP (NP subjects ') brains))) (VP are (VP jolted (NP *-256) (PP-MNR with (NP a magnetic stimulator)))) .)) (TOP (S (SBAR (WHADVP-1 When) (S (NP-SBJ-257 the jolt) (VP is (VP timed (NP *-257) (ADVP-MNR just right) (ADVP-TMP *T*-1))))) , (NP-SBJ-2 the subjects) (VP do n't (VP recall (S (NP-SBJ *-2) (VP seeing (NP (NP the first group) (PP of (NP letters))))))) .)) (TOP (SINV `` (SBARQ-2 (WHADVP-1 Where) (SQ does (NP-SBJ that first stimulus) (VP go (ADVP-DIR *T*-1))) ?) '' (VP exclaims (SBARQ *T*-2)) (NP-SBJ SUNY neurologist Paul Maccabee) .)) (TOP (S `` (S-NOM-SBJ (NP-SBJ-2 *) (VP Trying (S (NP-SBJ *-2) (VP to (VP answer (NP that)))))) (VP is (VP suggesting (NP (NP all kinds) (PP of (NP (NP theories) , '' (PP such as (SBAR (WHADVP-1 precisely where and how) (S (NP-SBJ the brain) (VP processes (NP (NP incoming signals) (PP from (NP the eyes))) (ADVP *T*-1)))))))))) .)) (TOP (S (NP-SBJ (NP He) and (NP others)) (VP say (SBAR that (S (NP-SBJ the machines) (VP are (ADJP-PRD weak enough (SBAR that (S (NP-SBJ they) (VP do n't (VP jeopardize (NP the memory)))))))))) .)) (TOP (S (NP-SBJ Both (NP the SUNY team) and (NP (NP researchers) (PP-LOC at (NP (NP the National Magnet Laboratory) (PP-LOC in (NP (NP Cambridge) , (NP Mass.) ,)))))) (VP are (VP working (PP-CLR with (NP (ADJP more potent) magnetic brain stimulators)))) .)) (TOP (S (S-TPC-2 (PP Among (NP other things)) , (NP-SBJ-1 the stronger devices) (VP may (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP (VP summon (ADVP-CLR forth) (NP half-forgotten memories)) and (VP induce (NP mood changes))))))))) , (NP-SBJ neurologists) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Du Pont Co.) , (NP Hewlett-Packard Co.) and (NP Los Alamos National Laboratory)) (VP said (SBAR 0 (S (NP-SBJ they) (VP signed (NP a three-year , (ADJP (QP $ 11 million) *U*) agreement (S (NP-SBJ *) (VP to (VP collaborate (PP-CLR on (NP superconductor research)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 The collaboration) (VP (VP will (VP include (NP (QP at least 25) researchers))) and (VP will (VP be (VP aimed (NP *-2) (ADVP primarily) (PP-CLR at (S-NOM (NP-SBJ *) (VP developing (NP (NP thin films) (PP of (NP high-temperature superconductors))) (PP-PRP for (NP (NP use) (PP in (NP electronics)))))))))))) , (NP-SBJ the companies) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The materials) , (VP discovered (NP *) (PP-TMP during (NP the past three years))) ,) (VP (VP conduct (NP electricity) (PP-MNR without (NP resistance))) and (VP promise (NP (NP smaller , faster computers) and (NP other new technologies)))) .)) (TOP (S (NP-SBJ Joint-research programs) (VP have (VP proliferated (SBAR-ADV as (S (NP-SBJ-1 U.S. companies) (VP seek (S (NP-SBJ *-1) (VP (VP to (VP spread (NP (NP the risks and costs) (PP of (S-NOM (NP-SBJ *) (VP commercializing (NP new superconductors))))))) and (VP to (VP meet (NP (NP the challenges) (VP posed (NP *) (PP by (NP-LGS foreign consortia)) , (PP-LOC (ADVP especially) in (NP Japan))))))))))))) .)) (TOP (S (NP-SBJ The latest research pact) (VP bolsters (NP (NP (NP Du Pont 's) growing portfolio) (PP of (NP (NP investments) (PP in (NP superconductors)))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Wilmington , Del. ,) chemicals concern) (ADVP-TMP previously) (VP signed (NP research superconductor agreements) (PP (PP with (NP Oak Ridge National Laboratory)) and (PP with (NP Argonne National Laboratory)))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ-1 Du Pont) (VP agreed (S (NP-SBJ *-1) (VP to (VP pay (NP (QP $ 4.5 million) *U*) (PP-CLR for (NP (NP rights) (PP to (NP (NP superconductor work) (PP-LOC at (NP (NP the University) (PP of (NP Houston)))))))))))) .)) (TOP (S (NP-SBJ Hewlett-Packard) (VP is (NP-PRD a (NAC-LOC Palo Alto , Calif. ,) computer maker)) .)) (TOP (S (NP-SBJ The Los Alamos laboratory) (VP is (NP-PRD (NP one) (PP of (NP (NP three (NAC U.S. Department (PP of (NP Energy))) national laboratories) (VP designed (NP *) (PP-CLR as (NP pilot centers)) (S-PRP (NP-SBJ *) (VP to (VP foster (NP (NP joint industry-government programs) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP speed (NP (NP the transfer) (PP of (NP new superconductors)) (PP to (NP the marketplace)))))))))))))))) .)) (TOP (S (NP-SBJ (NP J.C. PENNEY Co.) , (NP Dallas) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP issued (NP (NP (QP $ 350 million) *U*) (PP of (NP (NP securities) (VP backed (NP *) (PP by (NP-LGS credit-card receivables)))))))))) .)) (TOP (S (NP-SBJ-258 The offering) (VP was (VP priced (NP-1 *-258) (PP with (NP an (ADJP 8.95 %) coupon rate)) (PP-CLR at (NP 99.1875 %)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 9.19 %)))))) .)) (TOP (S (NP-SBJ The retailer) (VP said (SBAR 0 (S (NP-SBJ-1 the securities) (VP are (VP expected (S (NP-SBJ-2 *-1) (VP to (VP be (VP (VP rated (S (NP-SBJ *-2) (ADJP-PRD-3 triple-A)) (PP-4 by (NP-LGS (NP Standard & Poor 's) Corp.))) and (VP (ADJP-PRD=3 Aaa) (PP=4 by (NP-LGS (NP Moody 's) Investors Service Inc)))))))))))) .)) (TOP (S (NP-SBJ They) (VP pay (NP interest) (PP-TMP (ADVP only) for (NP 115 months)) , (PP with (NP (NP principal payments) (VP beginning (ADVP-TMP thereafter))))) .)) (TOP (S (NP-SBJ (NP The expected average life) (PP of (NP the certificates))) (VP is (NP-PRD 10 years) , (PP with (NP (NP the final scheduled payment) (PP-TMP in (NP (NP October) , (NP 2001)))))) .)) (TOP (S (NP-SBJ First Boston Corp.) (VP is (NP-PRD sole underwriter)) .)) (TOP (S (PP As (NP (NP part) (PP of (NP the transaction)))) , (NP-SBJ J.C. Penney) (VP will (VP sell (NP (NP a portion) (PP of (NP its credit-card receivables))) (PP-DTV to (NP (NP its JCP Receivables Inc. unit) , (SBAR (WHNP-315 which) (S (NP-SBJ *T*-315) (VP will (ADVP-TMP then) (VP transfer (NP them) (PP-DIR to (NP a master trust)))))))))) .)) (TOP (S (NP-SBJ The trust) (VP will (VP issue (NP the certificates))) .)) (TOP (S (NP-SBJ-259 Credit support) (VP will (VP be (VP provided (NP *-259) (PP by (NP-LGS (NP a letter) (PP of (NP credit facility)) (PP from (NP Credit Suisse)) (PP in (NP (NP favor) (PP of (NP (NP the trustee) , (NP Fuji Bank & Trust Co.) ,)))))) (PP for (NP (NP the benefit) (PP of (NP the certificate holders))))))) .)) (TOP (S (NP-SBJ-1 J.C. Penney) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP service (NP the receivables)))))) .)) (TOP (S (NP-SBJ (NP Battle-tested Japanese industrial managers) (ADVP-LOC here)) (ADVP-TMP always) (VP buck (PRT up) (NP nervous newcomers) (PP-CLR with (NP (NP the tale) (PP of (NP (NP (NP the first) (PP of (NP their countrymen)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP visit (NP Mexico)))))) , (NP (NP a boatload) (PP of (NP samurai warriors)) (VP blown (NP *) (ADVP-CLR ashore) (NP-TMP 375 years ago)))))))) .)) (TOP (SINV `` (S-TPC-2 (PP From (NP the beginning)) , (NP-SBJ (NP it) (S *EXP*-1)) (VP took (NP (NP a man) (PP with (NP extraordinary qualities))) (S-1 (NP-SBJ *) (VP to (VP succeed (PP-LOC in (NP Mexico))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Kimihide Takimura) , (NP (NP president) (PP of (NP (NP Mitsui group 's) Kensetsu Engineering Inc. unit)))) .)) (TOP (S (ADVP-LOC (ADVP Here) (PP in (NP (NP this new center) (PP for (NP Japanese assembly plants)) (PP-LOC (ADVP just) across (NP the border) (PP from (NP San Diego)))))) , (S (NP-SBJ-1 turnover) (VP is (ADJP-PRD-2 dizzying))) , (S (NP-SBJ=1 infrastructure) (ADJP=2 shoddy)) , (S (NP-SBJ=1 bureaucracy) (ADJP=2 intense)) .)) (TOP (S (S (NP-SBJ Even after-hours) (VP drag)) ; (S (NP-SBJ-2 (NP `` karaoke '' bars) , (SBAR (WHADVP-1 where) (S (NP-SBJ Japanese revelers) (VP sing (PP-CLR over (NP recorded music)) (ADVP-LOC *T*-1)))) ,) (VP are (VP prohibited (NP *-2) (PP by (NP-LGS (NP Mexico 's) powerful musicians union))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP 20 Japanese companies) , (PP including (NP (NP giants) (PP such as (NP (NP Sanyo Industries Corp.) , (NP Matsushita Electronics Components Corp.) and (NP Sony Corp.)))))) (VP have (VP set (PRT up) (NP shop) (PP-LOC in (NP (NP the state) (PP of (NP Northern Baja California)))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Keeping (S (NP-SBJ the Japanese) (ADJP-PRD happy)))) (VP will (VP be (NP-PRD (NP one) (PP of (NP (NP the (ADJP most important) tasks) (VP facing (NP conservative leader Ernesto Ruffo))))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP takes (NP office) (NP-TMP Nov. 1) , (PP as (NP (NP the first opposition governor) (PP-LOC in (NP (NP Mexico 's) modern history)))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP (NP Mexico) , (PP with (NP (NP its desperate need) (PP for (NP investment)))) ,) and (NP (NP Japan) , (PP with (NP its huge budget surplus)) ,)) (VP would (VP seem (PP-CLR like (NP a perfect match)))) .)) (TOP (S But (NP-SBJ the two countries) (VP remain (ADJP-PRD separated (PP by (NP (NP a cultural barrier) (ADJP wider (PP than (NP the ocean))))))) .)) (TOP (S (NP-SBJ-1 Conservative Japanese investors) (VP are (VP put (PRT off) (NP *-1) (PP by (SBAR-NOM-LGS (WHNP-2 what) (S (NP-SBJ they) (VP consider (S (NP-SBJ *T*-2) (NP-PRD (NP Mexico 's) (NX (NX restrictive investment regulations) and (NX loose work habits)))))))))) .)) (TOP (S (PP From (NP (NP the Mexicans ') viewpoint)) , (NP-SBJ (NP vaunted tactics) (PP of (NP methodical Japanese managers))) (VP do n't (VP count (PP-CLR for (NP much)) (PP-LOC in (NP (NP a land) (SBAR (WHADVP-1 where) (S (NP-SBJ a saying) (VP says (S `` (NP-SBJ there) (VP are (NP-PRD no fixed rules)) . '') (ADVP-LOC *T*-1)))))))))) (TOP (S (NP-SBJ Japan) (VP ranks (PP-CLR as (NP (NP only the (ADJP fourth largest) foreign investor) (PP-LOC in (NP Mexico)))) , (PP with (NP (NP 5 %) (PP of (NP the total investments))))) .)) (TOP (S (NP-SBJ That) (VP is (NP-PRD (NP (QP just 1) %) (PP of (NP (NP all the money) (SBAR (WHNP-1 0) (S (NP-SBJ Japan) (VP has (VP invested (NP *T*-1) (ADVP-LOC abroad))))))))) .)) (TOP (S (NP-SBJ-1 Mexican President Carlos Salinas de Gortari) (VP would (VP like (S (NP-SBJ *-1) (VP to (VP change (NP that)))))) .)) (TOP (S (NP-SBJ The young president) (ADVP so) (VP admires (NP Japanese discipline) (SBAR that (S (NP-SBJ he) (VP sends (NP his children) (PP-DIR to (NP (NP a Japanese school) (PP-LOC in (NP Mexico City)))))))) .)) (TOP (S (NP-SBJ He) (ADVP-TMP already) (VP has (VP finagled (NP (NP a (ADJP (QP $ 2 billion) *U*) loan) (PP *PPA*-1)) (PP-CLR-1 from (NP the Japanese government)))) .)) (TOP (S But (NP-SBJ Mexico) (ADVP urgently) (VP needs (NP more help)) .)) (TOP (S (NP-SBJ (NP (NP Mr. Salinas 's) unpopular Institutional Revolutionary Party) , or (NP PRI) ,) (VP faces (NP congressional elections) (PP-TMP in (NP 1991))) .)) (TOP (S (SBAR-PRP For (S (NP-SBJ the PRI) (VP to (VP stand (NP a chance))))) , (NP-SBJ-2 Mr. Salinas) (VP has (S (NP-SBJ *-2) (VP to (VP press (PRT on) (PP-CLR with (NP (NP an economic program) (SBAR (WHNP-1 that) (S (ADVP so far) (NP-SBJ-3 *T*-1) (VP has (VP succeeded (PP-CLR in (S-NOM (NP-SBJ *-3) (VP (VP lowering (NP inflation)) and (VP providing (NP moderate economic growth))))))))))))))) .)) (TOP (S But (S-NOM-SBJ (NP-SBJ *) (VP maintaining (NP (NP (NP the key components) (PP of (NP his strategy))) (PRN -- (NP a (NX (NX stable exchange rate) and (NX (NX high level) (PP of (NP imports))))) --)))) (VP will (VP consume (NP (NP enormous amounts) (PP of (NP foreign exchange))))) .)) (TOP (S (NP-SBJ Mr. Salinas) (VP needs (NP big investment inflows) -- (ADVP-MNR quickly)) .)) (TOP (S (NP-SBJ The problem) (VP is (SBAR-PRD that (S (NP-SBJ Japanese businesses) (VP make (NP decisions) (PP-CLR with (NP (NP a view) (PP (ADVP well) beyond (NP (NP the coming months) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP weigh (ADVP-MNR so heavily) (PP-LOC-CLR on (NP Mr. Salinas))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ The Japanese) (VP will (VP come (PP-DIR to (NP Mexico))))) , but (FRAG not (ADVP immediately))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Kazushige Suzuki) , (NP (NP director-general) (PP of (NP (NP the Japanese External Trade Organization) (PP-LOC in (NP Mexico)))))) .)) (TOP (FRAG (SBAR-ADV If (FRAG not (ADVP-TMP now))) , (WHADVP when) ?)) (TOP (S `` (S-1 (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ the fruit) (VP is (ADJP-PRD ripe) (ADVP-TMP *T*-2)))) , (NP-SBJ it) (VP falls (PP-DIR from (NP the tree)) (PP-MNR by (NP itself)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (S (NP-SBJ-2 *-1) (VP Pressed (NP *-2) (PP-CLR on (NP the matter)))) , (NP-SBJ-1 he) (VP is (ADJP-PRD more specific)) .)) (TOP (S `` (NP-SBJ There) (VP will (VP be (NP-PRD big Japanese investments) (PP-TMP (ADVP probably) (NP (QP five to 10) years) from (NP-TMP now)))) . '')) (TOP (S (NP-SBJ (NP Ryukichi Imai) , (NP (NP (NP Japan 's) ambassador) (PP to (NP Mexico))) ,) (VP agrees (SBAR that (S (NP-SBJ Mexico) (VP may (VP be (ADJP-PRD too eager)))))) .)) (TOP (S `` (NP-SBJ-1 There) (VP seems (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a presumption (SBAR *ICH*-2)) (PP-LOC in (NP (NP some sectors) (PP of (NP (PRN -LRB- (NP Mexico 's) -RRB-) government)))) (SBAR-2 (SBAR that (S (NP-SBJ there) (VP is (NP-PRD (NP a lot) (PP of (NP (NP Japanese money) (VP waiting (PP-LOC behind (NP the gate))))))))) , and (SBAR that (S (PP-MNR by (S-NOM (NP-SBJ *) (VP (ADVP slightly) opening (NP the gate)))) , (NP-SBJ that money) (VP will (VP enter (NP Mexico))))))))))) .)) (TOP (S (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ that) (VP is (NP-PRD the case)))))) . '')) (TOP (S (NP-SBJ Mexican officials) (VP maintain (SBAR 0 (S (NP-SBJ the Japanese reserve) (VP is (ADVP only) (NP-PRD (NP a result) (PP of (NP unfamiliarity))))))) .)) (TOP (SINV `` (S-TPC-3 (PP-PRP Because of (NP distance)) , (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP takes (NP a while) (SBAR-2 for (S (NP-SBJ them) (VP to (VP appreciate (NP (NP the economic stability) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP 've (VP achieved (NP *T*-1)))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ one economic policymaker) .)) (TOP (S (NP-SBJ Mexico) (VP is (VP sending (NP-1 (NP a number) (PP of (NP missions))) (PP-DIR to (NP Japan)) (S-ADV (NP-SBJ *-1) (VP looking (PP-CLR for (NP (NP a major breakthrough investment) (PP-LOC in (NP telecommunications , petrochemicals or tourism)))))))) .)) (TOP (S (NP-SBJ It) (VP is (VP hoped (SBAR that (S (NP-SBJ other Japanese) (VP would (ADVP-TMP then) (VP follow (NP the leader))))))) .)) (TOP (S But (NP-SBJ Japanese investors) (VP say (SBAR that (S (NP-SBJ their reluctance (S (NP-SBJ *) (VP to (VP invest)))) (VP stems (PP (CONJP not only) from (NP (NP (NP concerns) (PP about (NP (NP Mexico 's) economic outlook))) , (CONJP but also) (NP (NP reservations) (PP about (NP (NP Mexico 's) (ADJP recently revamped) investment law))))))))) .)) (TOP (S (S (NP-SBJ-2 *-1) (ADJP-PRD Unable (S (NP-SBJ *-2) (VP to (VP get (NP a new law) (PP-CLR through (NP (NP a congress) (PP with (NP a strong leftist bloc))))))))) , (NP-SBJ-1 Mexico) (VP jury-rigged (NP (NP the existing law 's) regulations)) .)) (TOP (S (NP-SBJ-1 It) (VP created (NP special 20-year trusts) (S-PRP (NP-SBJ *-1) (VP to (VP allow (NP foreigners) (NP (NP 100 % ownership) (PP-LOC in (NP some once-closed industries))))))) .)) (TOP (S (NP-SBJ-1 It) (ADVP also) (VP made (NP (NP artful use) (PP of (NP semantics))) , (S-ADV (NP-SBJ *-1) (VP redefining (PP-CLR as (NP non-strategic industries)) (NP (NP some) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP had (VP been (PP-LOC-PRD in (NP the national domain)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Those devices) (VP do n't (VP give (NP sufficient certainty) (PP-DTV to (NP (NP our bosses) (PP-LOC in (NP Japan))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Yasuo Nakamura) , (NP (NP representative) (PP of (NP (NP the Industrial Bank) (PP of (NP Japan)))))) .)) (TOP (S (NP-SBJ Mr. Nakamura) (VP cites (NP (NP the case) (PP of (NP (NP a customer) (SBAR (WHNP-4 who) (S (S (NP-SBJ-1 *T*-4) (VP wants (S (NP-SBJ *-1) (VP to (VP build (NP a giant tourism complex) (PP-LOC in (NP Baja))))))) and (S (NP-SBJ-2 *T*-4) (VP has (VP been (VP trying (PP-TMP for (NP eight years)) (S (NP-SBJ *-2) (VP to (VP get (PP-LOC-CLR around (NP (NP Mexican restrictions) (PP-LOC on (NP (NP foreign ownership) (PP of (NP beachfront property))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP (VP could (VP develop (NP the beach) (PP-MNR through (NP a trust)))) , but (VP (ADVP instead) is (VP trying (S (NP-SBJ *-1) (VP have (S (NP-SBJ his grandson) (VP become (NP-PRD a naturalized Mexican))))) (SBAR-PRP so (S (NP-SBJ his family) (VP gains (NP direct control))))))) .)) (TOP (S (NP-SBJ Some) (VP say (SBAR 0 (S (NP-SBJ the best hope) (PP for (NP the Mexicans)) (VP is (S-NOM-PRD (NP-SBJ-2 *) (VP catching (NP (NP the eye) (PP of (NP Japan))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP promoting (NP (NP the one industry) (SBAR (WHNP-1 0) (S (NP-SBJ the Japanese) (ADVP clearly) (VP like (NP *T*-1)))) -- (NP (NP the border assembly plants) , (VP known (NP *) (PP-CLR as (NP `` (NP maquiladoras) , '' (SBAR (WHNP-5 which) (S (NP-SBJ *T*-5) (VP are (ADJP-PRD open (PP to (NP (ADJP 100 %) foreign control)))))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP must (VP do (NP more) (S-PRP (NP-SBJ *) (VP to (VP help (NP the Japanese) (ADVP-LOC (ADVP here) (PP-LOC in (NP Baja)))))) (SBAR-SBJ if (S (NP-SBJ we) (VP want (S (NP-SBJ them) (VP to (VP invest (ADVP-LOC elsewhere)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Ruffo) , (NP (NP (NP the governor-elect) (PP of (NP the National Action Party))) and (NP (NP himself) (NP a succesful businessman)))) .)) (TOP (S (NP-SBJ-1 Plant operators) (VP are (VP heartened (NP *-1) (PP by (NP-LGS (NP Mr. Ruffo 's) pledge (S (NP-SBJ *) (VP to (VP cut (NP (NP corruption) (VP associated (NP *) (PP-CLR with (NP the ruling party officials))))))))))) .)) (TOP (S But (NP-SBJ Mr. Ruffo) (VP frets (SBAR that (S (NP-SBJ an (ADJP even bigger) problem) (VP could (VP be (NP-PRD (NP protectionism) (PP from (NP (NP the U.S.) , (SBAR (WHADVP-1 where) (S (NP-SBJ some politicians) (VP oppose (SBAR-NOM (WHNP-2 what) (S (NP-SBJ they) (VP consider (S (NP-SBJ *T*-2) (NP-PRD Japanese efforts (S (NP-SBJ *) (VP to (VP use (NP-3 maquiladoras) (S-CLR (NP-SBJ *-3) (VP to (VP crack (NP the U.S. market) (PP through (NP the back door))))))))))))) (ADVP-LOC *T*-1)))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Shaken (PP by (NP-LGS (NP tumbling stock prices) and (NP (NP pessimistic projections) (PP of (NP U.S. economic growth))))))) , (NP-SBJ-1 (NP currency analysts) (PP-LOC around (NP the world))) (VP have (VP toned (PRT down) (NP (NP their assessments) (PP of (NP (NP the dollar 's) near-term performance))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP (NP the 10 analysts) (VP polled (NP *) (NP-TMP last week) (PP by (NP-LGS (NP Dow Jones International News Service) (PP-LOC in (NP (NP Frankfurt) , (NP Tokyo) , (NP London) and (NP New York))))))))) (VP expect (S (NP-SBJ the U.S. dollar) (VP to (VP ease (ADVP-MNR only mildly) (PP-TMP in (NP November)))))) .)) (TOP (S (NP-SBJ Opinion) (VP is (ADJP-PRD mixed) (PP-CLR over (NP its three-month prospects))) .)) (TOP (S (NP-SBJ (NP Half) (PP of (NP (NP those) (VP polled (NP *))))) (VP see (S (NP-SBJ the currency) (VP trending (ADVP-CLR (ADJP lower)) (PP-TMP over (NP the next three months)))) , (SBAR-ADV while (S (NP-SBJ the others) (VP forecast (NP (NP a modest rebound) (PP-TMP after (NP the New Year))))))) .)) (TOP (S (PP-LOC In (NP late afternoon New York trading)) (NP-TMP yesterday) , (NP-SBJ the dollar) (VP (VP stood (PP-CLR-1 at (NP 1.8415 (ADJP West German) marks ,)) (ADVP-2 up (PP from (NP 1.8340 marks) (NP-TMP late Monday)))) , and (VP (PP-CLR=1 at (NP 142.85 yen ,)) (ADVP=2 up (PP from (NP 141.90 yen) (NP-TMP late Monday))))) .)) (TOP (S (NP-TMP A month ago) , (NP-SBJ a similar survey) (VP predicted (SBAR 0 (S (NP-SBJ the dollar) (VP would (VP be (VP trading (PP-CLR at (NP (NP 1.8690 marks) and (NP 139.75 yen)))))) (PP-TMP by (NP (NP the end) (PP of (NP October))))))) .)) (TOP (S (NP-SBJ Sterling) (VP was (VP trading (PP-CLR at (NP $ 1.5805 *U*)) , (ADVP down (PP from (NP $ 1.5820 *U*) (NP-TMP late Monday))))) .)) (TOP (S (PP-LOC In (NP Tokyo)) (NP-TMP Wednesday) , (NP-SBJ the U.S. currency) (VP was (VP trading (PP-CLR at (NP about 142.95 yen)) (PP-TMP at (NP midmorning)) , (ADVP (ADVP up (PP from (NP 142.80 yen) (PP-TMP at (NP the opening)))) and (ADVP up (PP from (NP (NP (NP Tuesday 's) Tokyo close) (PP of (NP 142.15 yen)))))))) .)) (TOP (S (NP-SBJ (NP The average) (PP of (NP (NP estimates) (PP of (NP (NP the 10 economists) (VP polled (NP *))))))) (VP puts (NP the dollar) (PP-PUT (PP around (NP 1.8200 marks) (PP-TMP at (NP (NP the end) (PP of (NP November))))) and (PP at (NP 141.33 yen)))) .)) (TOP (S (PP-TMP By (NP late January)) , (NP-SBJ the consensus) (VP calls (SBAR-CLR for (S (NP-SBJ the dollar) (VP to (VP be (VP trading (PP-CLR (PP around (NP 1.8200 marks)) and (PP near (NP 142 yen))))))))) .)) (TOP (S (NP-SBJ (NP Those) (PP with (NP a bullish view))) (VP see (S (NP-SBJ the dollar) (VP trading (ADVP-CLR up (PP near (NP (NP 1.9000 marks) and (NP 145 yen)))))) , (SBAR-ADV while (S (NP-SBJ the dollar bears) (VP see (S (NP-SBJ the U.S. currency) (VP trading (PP-CLR around (NP (NP 1.7600 marks) and (NP 138 yen))))))))) .)) (TOP (S (NP-SBJ (NP A number) (PP of (NP (NP those) (VP polled (NP *))))) (VP predict (SBAR 0 (S (NP-SBJ the dollar) (VP will (VP slip (SBAR-TMP as (S (NP-SBJ the Federal Reserve) (VP eases (NP interest rates))))))))) .)) (TOP (S (NP-SBJ (NP David Owen) , (NP (NP an economist) (PP-LOC at (NP (NP Kleinwort Benson & Co.) (PP-LOC in (NP London))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (NP (NP further cuts) (PP-LOC in (NP short-term U.S. rates)) (PP-LOC in (NP an effort (S (NP-SBJ *) (VP (VP to (VP encourage (NP (NP a narrowing) (PP of (NP the trade gap))))) and (VP to (VP ensure (NP (NP a soft landing) (PP-LOC in (NP the U.S. economy)))))))))))))) .)) (TOP (S (NP-SBJ (NP Robert White) , (NP (NP a (NX (NX vice president) and (NX manager))) (PP of (NP corporate trade)) (PP-LOC at (NP (NP First Interstate) (PP of (NP California))))) ,) (VP (VP agreed (PP-CLR with (NP that view))) and (VP predicted (SBAR 0 (S (NP-SBJ the U.S. federal funds rate) (VP will (VP drop (PP-DIR to (NP (QP between 7 3 % and 8 %) *U*)) (PP-TMP within (NP 60 days)) (PP-DIR from (NP (NP its current level) (PP at (NP 8 13 %)))))))))) .)) (TOP (S (S (NP-SBJ Fed funds) (VP is (NP-PRD (NP the rate) (SBAR (WHNP-1 0) (S (NP-SBJ banks) (VP charge (NP each other) (NP *T*-1) (PP on (NP overnight loans)))))))) ; (S (NP-SBJ-2 the Fed) (VP influences (NP the rate) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP adding or draining (NP reserves) (PP-CLR from (NP the banking system))))))) .)) (TOP (S (NP-SBJ Mr. White) (ADVP also) (VP predicted (NP (NP a half-point cut) (PP-LOC in (NP the U.S. discount rate)) (PP-TMP in (NP the near future)))) .)) (TOP (S (NP-SBJ (NP The discount rate) , (NP (ADVP currently) 7 %) ,) (VP is (NP-PRD (NP the rate) (SBAR (WHNP-1 0) (S (NP-SBJ the Fed) (VP charges (NP member banks) (NP *T*-1) (PP for (NP loans)) , (S-ADV (NP-SBJ *) (VP using (NP government securities) (PP-CLR as (NP collateral))))))))) .)) (TOP (S (NP-SBJ He) (VP expects (NP such a cut) `` (PP-PRP because of (NP (NP problems) (PP-LOC in (NP (NP (NP several sectors) (PP of (NP the economy))) , (NP (ADVP particularly) (NP real estate) and (NP automobiles))))))) . '')) (TOP (S (S-ADV (NP-SBJ *-1) (VP Bolstering (NP his argument))) , (NP-SBJ-1 the Commerce Department) (VP reported (NP-TMP yesterday) (SBAR that (S (NP-SBJ (NP new home sales) (PP-TMP for (NP September))) (VP were (ADVP-PRD down (NP 14 %) (PP from (NP (NP August 's) revised 3.1 % fall))))))) .)) (TOP (S (NP-SBJ The drop) (VP marked (NP (NP the largest monthly tumble) (PP-TMP since (NP (NP a (ADJP 19 %) slide) (PP-TMP in (NP January 1982)))))) .)) (TOP (S (PP-LOC In (NP (NP last month 's) survey)) , (NP-SBJ (NP a number) (PP of (NP currency analysts))) (VP predicted (SBAR 0 (S (NP-SBJ-1 the dollar) (VP would (VP be (VP pressured (NP *-1) (PP by (NP-LGS (NP a narrowing) (PP of (NP (NP interest rate differentials) (PP between (NP (NP the U.S.) and (NP West Germany))))))))))))) .)) (TOP (S (ADVP Indeed) , (PP-TMP in (NP early October)) (NP-SBJ the (ADJP West German) central bank) (VP raised (NP its discount and Lombard rates) (PP-EXT by (NP a full percentage point))) .)) (TOP (S (NP-SBJ-1 (NP Several other European central banks) , (PP-LOC (ADVP notably) in (NP Britain)) ,) (VP followed (NP (NP the (ADJP West German) Bundesbank 's) lead) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP raising (NP their own key rates))))) .)) (TOP (S And (NP-TMP a week later) , (NP-SBJ Japan) (VP raised (NP its official discount rate) (PP-EXT by (NP a half point)) (PP-DIR to (NP 3.75 %))) .)) (TOP (S (NP-SBJ The Japanese discount rate) (VP is (NP-PRD (NP (NP the central bank 's) base rate) (PP-LOC on (NP (NP loans) (PP to (NP commercial banks)))))) .)) (TOP (S (PP-TMP After (NP (NP (NP a surprisingly sharp widening) (PP-LOC in (NP the U.S. August merchandise trade deficit)) (PRN -- (UCP (NP (NP (QP $ 10.77 billion) *U*) (PP from (NP (NP a revised (QP $ 8.24 billion) *U*) (PP-TMP in (NP July))))) and (PP (ADVP well) above (NP expectations))) --)) and (NP (NP a (ADJP startling 190-point) drop) (PP in (NP stock prices)) (PP-TMP on (NP Oct. 13))))) , (NP-SBJ-1 the Federal Reserve) (VP relaxed (NP short-term interest rates) , (S-ADV (NP-SBJ *-1) (VP knocking (NP fed funds) (PP-DIR from (NP (QP around 9) %)) (PP-DIR to (NP (QP 8 3) %))))) .)) (TOP (S But (NP-SBJ predictions (SBAR that (S (NP-SBJ (NP central banks) (PP of (NP the (NAC (NAC (NAC Group) (PP of (NP Seven))) (PRN -LRB- (NAC G-7) -RRB-)) major industrial nations))) (VP would (VP continue (NP their massive dollar sales)))))) (VP went (ADVP astray) , (SBAR-TMP as (S (NP-SBJ-1 the market) (VP drove (NP the dollar) (ADVP-DIR downward) (PP-MNR on (NP its own)) , (S-ADV (NP-SBJ *-1) (VP reacting (PP-CLR to (NP (NP (NP Wall Street 's) (NX (NX plunge) and (NX subsequent price volatility))) , (NP lower U.S. interest rates) and (NP (NP signs) (PP of (NP a slowing U.S. economy))))))))))) .)) (TOP (S (NP-SBJ G-7) (VP consists (PP-CLR of (NP (NP the U.S.) , (NP Japan) , (NP Britain) , (NP West Germany) , (NP Canada) , (NP France) and (NP Italy)))) .)) (TOP (S (NP-SBJ (NP Tomoshige Kakita) , (NP (NP senior deputy manager) (PP-LOC in (NP (NP the treasury department) (PP of (NP (NP Mitsui Bank Ltd.) (PP-LOC in (NP Tokyo))))))) ,) (VP suggested (SBAR that (S (NP-SBJ-1 (NP uncertainty) (PP about (NP U.S. stocks and bonds))) (VP has (VP made (S (NP-SBJ Japanese investors) (ADJP-PRD leery (PP of (S-NOM (NP-SBJ *) (VP holding (NP those securities) (PP-TMP in (NP the near term))))))) , (S-ADV (ADVP thus) (NP-SBJ *) (VP damping (NP dollar demand)))))))) .)) (TOP (S-2 But (PRN , (S (NP-SBJ Mr. Kakita) (VP added (SBAR 0 (S *T*-2)))) ,) (SBAR-TMP once (S (NP-SBJ U.S. equities) (VP regain (NP some stability)))) , (NP-SBJ players) (VP will (VP move (ADVP-DIR back) (PP-DIR into (NP (NP dollar-denominated investments) , (NP (NP (ADVP especially) Treasury bonds) , (SBAR (WHNP-6 whose value) (S (NP-SBJ *T*-6) (VP rises (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ interest rates) (VP decline (ADVP-TMP *T*-1)))))))))))) .)) (TOP (S (NP-SBJ Mr. Kakita) (VP said (SBAR 0 (S (NP-SBJ the key dollar-yen exchange rate) (VP is (PP-PRD at (NP 135 yen)))))) .)) (TOP (S `` (S-TPC-3 (SBAR-ADV If (S (NP-SBJ-1 135) (VP is (VP broken (NP *-1))))) , (NP-SBJ-2 some panic) (VP will (VP be (VP seen (NP *-2))))) , '' (NP-SBJ-4 he) (VP predicted (S *T*-3) , (S-ADV (NP-SBJ *-4) (VP explaining (SBAR that (S (NP-SBJ Japanese institutions) (VP are (ADJP-PRD comfortable (SBAR with (S (NP-SBJ the dollar) (PP-LOC-PRD (ADVP anywhere) between (NP (NP current levels) and (NP 135 yen)))))))))))) .)) (TOP (S (NP-SBJ (NP Jens-Uwe Fischer) , (NP (NP a senior trader) (PP-LOC at (NP (NP Manufacturers Hanover Trust Co.) (PP-LOC in (NP Frankfurt))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ the dollar) (VP to (VP recover (PP-TMP within (NP the next three months)) (PP-CLR to (NP (QP around 1.88) marks)) (SBAR-TMP as (S (NP-SBJ (NP U.S. economic data) , (NP (ADVP particularly) U.S. trade figures) ,) (VP level (PRT off))))))))))) .)) (TOP (S (NP-SBJ He) (VP (VP contended (SBAR that (S (NP-SBJ the Fed) (VP wo n't (VP ease (NP rates) (ADVP further)))))) , but (VP predicted (SBAR 0 (S (NP-SBJ Bundesbank officials) (VP will (VP relax (NP key rates) (PP-LOC in (NP West Germany)))))))) .)) (TOP (S (NP-SBJ (NP Alfred Zapfel) , (NP (NP chief trader) (PP-LOC at (NP (NP Bank) (PP of (NP Boston)) (PP-LOC in (NP Frankfurt))))) ,) (VP took (NP an opposite stance)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ U.S. interest rates) (VP to (VP decline , (S-ADV (NP-SBJ *) (VP dragging (NP the dollar) (ADVP-DIR down) (PP-DIR to (NP (QP around 1.80) marks)) (PP-TMP by (NP (NP the end) (PP of (NP January)))) (PP-TMP after (NP (NP a short-lived dash) (PP-CLR to (NP 1.87 marks)) (PP-TMP by (NP (NP the end) (PP of (NP November))))))))))))))) .)) (TOP (S-1 (NP-SBJ (ADJP West German) interest rates) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (VP will (VP remain (ADJP-PRD unchanged))) .)) (TOP (S `` (S-2 But (NP-SBJ I) (VP 'm not (NP-PRD (NP one) (PP of (NP (NP these great dollar bears) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP see (ADJP more (PP of (NP *T*-1))) (NP-TMP these days))))))))) , '' (NP-SBJ Mr. Zapfel) (VP said (S *T*-2)) .)) (TOP (S `` (NP-SBJ I) (VP ca n't (ADVP really) (VP see (S (NP-SBJ it) (VP dropping (PP-EXT (ADVP far) below (NP 1.80 marks)))))) . '')) (TOP (S (NP-SBJ (NP Scott Greene) , (NP (NP chief foreign exchange dealer) (PP with (NP (NP (NP Julius Baer) & (NP Co.)) (PP-LOC in (NP New York))))) ,) (VP fits (NP (NP the description) (PP of (NP a `` great dollar bear)))) . '')) (TOP (S (NP-SBJ He) (VP predicted (SBAR 0 (S (NP-SBJ the U.S. unit) (VP will (VP (VP skid (PP-EXT below (NP 1.80 marks)) (PP-CLR to (NP-1 (QP around 1.78) marks)) (NP-TMP-2 this month)) and (VP (NP=1 1.75 marks) (PP-TMP=2 by (NP (NP the beginning) (PP of (NP the new year)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP 're (ADVP-TMP finally) (VP seeing (NP (NP the culmination) (PP of (NP (NP all the recessionary buildup) (PP of (NP the last few months)))))))) , '' (NP-SBJ-2 he) (VP said (S *T*-1) , (S-ADV (NP-SBJ *-2) (VP noting (SBAR 0 (S (NP-SBJ (NP (NP a continuing downward trend) (PP-LOC in (NP U.S. interest rates))) , (NP a shaky stock market) and `` (NP (NP gloomier economic times) (ADVP-TMP ahead)) '') (NP-ADV all) (VP signal (NP a (ADJP significantly lower) dollar))))))) .)) (TOP (S (PP-LOC In (NP (NP the wake) (PP of (NP (NP (NP (NAC (NAC British Chancellor) (PP of (NP the Exchequer))) Nigel Lawson 's) surprise resignation) and (NP (NP sterling 's) subsequent nose-dive))))) , (NP-SBJ most analysts) (VP had (NP (NP little) (ADJP good) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP say (NP *T*-1) (PP-CLR about (NP (NP the pound 's) near-term prospects)))))))) .)) (TOP (S (NP-SBJ (NP Mr. Owen) (PP of (NP Kleinwort Benson))) (VP suggested (SBAR that (S (NP-SBJ-1 (NP the new chancellor) , (NP John Major) ,) (VP will (VP take (NP (NP a tough line) (PP in (NP-LOC (NP his autumn statement) (NP-TMP (ADVP later) this month)))) , (S-ADV (NP-SBJ-2 *-1) (VP helping (S (NP-SBJ *-2) (VP to (VP underpin (NP the pound))))))))))) .)) (TOP (S-1 But (PRN , (S (NP-SBJ he) (VP warned (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the currency) (VP will (VP remain (PP-PRD at (NP risk)))) .)) (TOP (S (PP On (NP (NP the Commodity Exchange) (PP-LOC in (NP New York)))) , (NP-SBJ (NP gold) (PP for (NP current delivery))) (VP dropped (NP-EXT $ 3.10 *U*) (PP-DIR to (NP (NP $ 374.70 *U*) (NP-ADV an ounce)))) (PP in (NP moderate trading)) .)) (TOP (S (NP-SBJ Estimated volume) (VP was (NP-PRD (QP 3.5 million) ounces)) .)) (TOP (S (PP-LOC In (NP (NP early trading) (PP-LOC in (NP Hong Kong)) (NP-TMP Wednesday))) , (NP-SBJ-1 gold) (VP was (VP quoted (S (NP-SBJ *-1) (PP-PRD at (NP (NP $ 373.80 *U*) (NP-ADV an ounce)))))) .)) (TOP (S (NP-SBJ (NP (NP Christopher Hill) (PP-LOC in (NP Tokyo))) , (NP (NP Nicholas Hastings) (PP-LOC in (NP London))) , (NP (NP Erik Kirschbaum) (PP-LOC in (NP Frankfurt))) and (NP (NP (NP Caitlin Randall) and (NP Douglas Appell)) (PP-LOC in (NP New York)))) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (S-TPC-1 (NP-SBJ West Germany) (VP will (VP repeal (NP (NP the unpopular turnover tax) (PP on (NP securities transactions))) (PP-TMP as (PP of (NP Jan. 1 , 1991)))))) , (NP-SBJ Economics Minister Helmut Haussmann) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the government) (VP will (ADVP also) (VP repeal (NP (NP the (ADJP 1 %) transaction tax) (PP on (NP (NP the first-time purchase) (PP of (NP (NP stakes) (PP-LOC in (NP companies)))))))))))) .)) (TOP (S (NP-SBJ The announcement) (VP follows (NP (NP several comments (SBAR *ICH*-2)) (PP by (NP government officials)) (SBAR-2 that (S (NP-SBJ the government) (VP will (VP speed (PRT up) (NP (NP the repeal) (PP of (NP the tax)) , (SBAR (WHNP-7 which) (S (NP-SBJ-1 *T*-7) (VP was (ADVP originally) (VP scheduled (S (NP-SBJ *-1) (VP to (VP fall (PP-TMP with (NP (NP the start) (PP of (NP (NP the single internal market) (PP-LOC in (NP the European Community)))) (PP-TMP at (NP (NP the end) (PP of (NP 1992)))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The securities-turnover tax) (VP has (VP been (ADVP-TMP long) (VP criticized (NP *-1) (PP by (NP-LGS the (ADJP West German) financial community)) (SBAR-PRP because (S (NP-SBJ-2 it) (VP tends (S (NP-SBJ *-2) (VP to (VP drive (NP (NP securities trading) and (NP other banking activities)) (PP-DIR out (PP of (NP Frankfurt))) (PP-DIR into (NP (NP rival financial centers) , (NP (NP especially London) , (SBAR (WHADVP-3 where) (S (NP-SBJ-4 trading transactions) (VP is n't (VP taxed (NP *-4) (ADVP-LOC *T*-3))))))))))))))))) .)) (TOP (S (S (NP-SBJ The tax) (VP has (VP raised (NP (NP (QP less than one billion) marks) (PRN -LRB- (NP (QP $ 545.3 million) *U*) -RRB-)) (ADVP-TMP annually) (PP-TMP in (NP recent years))))) , but (S (NP-SBJ-1 the government) (VP has (VP been (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP abolish (NP the levy) (PP for (NP budgetary concerns))))))))) .)) (TOP (S (PP-LOC In (NP the interview)) , (NP-SBJ Mr. Haussmann) (VP did n't (VP specify (NP (NP the amount) (PP of (NP revenue)) (SBAR (WHNP-1 0) (S (NP-SBJ the government) (VP will (VP lose (NP *T*-1) (SBAR-TMP after (S (NP-SBJ the tax) (VP disappears)))))))))) .)) (TOP (S (S (NP-SBJ-2 The new date) (VP means (SBAR that (S (NP-SBJ-1 the tax) (VP will (VP be (ADVP-MNR officially) (VP repealed (NP *-1) (PP-TMP before (NP (NP the end) (PP of (NP the current parliamentary term)) (PP-TMP at (NP (NP the end) (PP of (NP 1990))))))))))))) and (S (NP-SBJ *-2) (VP guarantees (NP its abolition) (SBAR-ADV even if (S (NP-SBJ the current center-right coalition) (VP loses (NP the elections) (PP-TMP in (NP December 1990))))))) .)) (TOP (S (NP-TMP (ADVP Earlier) this year) , (NP-SBJ President Bush) (VP made (NP (NP (NP a final `` take-it-or-leave it '' offer) (PP on (NP the minimum wage))) : (NP (NP an increase) (PP to (NP (NP $ 4.25 *U*) (NP-ADV an hour))) (UCP (PP-TMP over (NP three years)) , and (SBAR (ADVP only) if (S (NP-SBJ-1 *) (VP accompanied (NP *-1) (PP by (NP-LGS (NP a lower wage) (PP for (NP (NP the first six months) (PP of (NP a job))))))))))))) .)) (TOP (S (INTJ Now) , (NP-SBJ-1 the White House) (VP has (VP decided (S (NP-SBJ *-1) (VP to (VP accept (NP (NP the higher wage) (PP-TMP over (NP only two years)))))))) .)) (TOP (S (NP-SBJ The sub-minimum wage) (VP would (VP apply (PP-CLR (ADVP only) to (NP first-time teen-age workers)) (PP-TMP for (NP 90 days)))) .)) (TOP (S (NP-SBJ-1 The White House) (VP (VP had (NP enough votes (S (NP-SBJ *) (VP to (VP sustain (NP a veto)))))) but (VP chose (S (NP-SBJ *-1) (VP to (VP avoid (NP a confrontation)))))) .)) (TOP (S (NP-SBJ The only permanent losers) (VP will (VP be (NP-PRD (NP the (QP 200,000 or so) workers) (SBAR (WHNP-2 0) (S (NP-SBJ everyone) (VP agrees (SBAR 0 (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP priced (NP *-1) (PP-CLR out (PP of (NP a job))) (PP at (NP (NP the (ADJP $ 4.25 *U*) rate) (SBAR (WHNP-3 0) (S (NP-SBJ-4 Congress) (VP is (ADJP-PRD likely (S (NP-SBJ *) (VP to (VP approve (NP *T*-3))))) (NP-TMP today))))))))))) )))))) .)) (TOP (S-CLF (NP-SBJ (NP It) (SBAR-2 *EXP*-1)) (VP is (NP-PRD (NP compromises) (PP such as (NP this))) (SBAR-1 (WHNP-8 that) (S (NP-SBJ *T*-8) (VP convince (NP (NP Washington 's) liberals) (SBAR that (S (SBAR-ADV if (S (NP-SBJ they) (ADVP simply) (VP stay (NP the course)))) , (NP-SBJ this administration) (VP will (VP stray (PP-DIR from (NP its own course)) (PP-LOC on (NP (ADJP this and other) issues)))))))))) .)) (TOP (S (NP-SBJ (NP The head trader) (PP of (NP (NP Chemical Banking Corp. 's) interest-rate options group))) (VP has (VP left (NP the company) , (PP following (NP (NP valuation errors) (SBAR (WHNP-9 that) (S (NP-SBJ *T*-9) (VP resulted (PP-CLR in (NP (NP a (ADJP (QP $ 33 million) *U*) charge) (PP against (NP its third-quarter results))))))))))) .)) (TOP (S (S (NP-SBJ Chemical) (VP said (SBAR 0 (S (NP-SBJ Steven Edelson) (VP resigned (ADVP-TMP recently)))))) , but (S (NP-SBJ (NP one individual) (ADVP-LOC close (PP to (NP the situation)))) (VP said (SBAR 0 (S (NP-SBJ-1 the resignation) (VP was (VP forced (NP *-1))))))) .)) (TOP (S (NP-SBJ-1 Mr. Edelson) (VP could n't (VP be (VP reached (NP *-1) (PP-PRP for (NP comment))))) .)) (TOP (S (NP-SBJ (NP A separate inquiry) (PP by (NP Chemical))) (VP cleared (NP Mr. Edelson) (PP-CLR of (NP allegations (SBAR that (S (NP-SBJ-1 he) (VP had (VP been (VP (ADVP-MNR lavishly) entertained (NP *-1) (PP by (NP-LGS a New York money broker)))))))))) .)) (TOP (S (NP-SBJ That inquiry) (VP has n't (VP resolved (NP (NP similar allegations) (VP involving (NP another Chemical options trader))))) .)) (TOP (PP-HLN In (NP (NP other personnel changes) (VP stemming (PP-LOC-CLR from (NP (NP problems) (PP-LOC in (NP its options unit)))))) :)) (TOP (S (LST --) (NP-SBJ Chemical) (VP named (S (NP-SBJ (NP James Kennedy) , (NP (NP a trader) (PP-LOC in (NP (NP swaps contracts) (PP for (NP the bank))))) ,) (VP (VP to (VP assume (NP (NP Mr. Edelson 's) duties))) and (VP to (VP be (NP-PRD (NP trading manager) (PP for (NP (NP derivative products) , (PP including (NP (NP swaps) and (NP interest-rate options))))))))))) .)) (TOP (S (LST --) (NP-SBJ-2 (NP Lee Wakeman) , (NP (NP vice president) (PP in (NP (NP charge) (PP of (NP options research)))) (SBAR (WHNP-10 who) (S (NP-SBJ-1 *T*-10) (VP (VP discovered (NP the valuation errors)) and (VP was (VP asked (PP by (NP-LGS senior management)) (S (NP-SBJ *-1) (VP to (VP straighten (PRT out) (NP the mess)))))))))) ,) (VP resigned (S-PRP (NP-SBJ *-2) (VP to (VP take (NP (NP a position) (PP-LOC in (NP asset and liability management)) (PP-LOC at (NP (NP Continental Bank) (PP-LOC in (NP Chicago))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Wakeman) , (SBAR (WHNP-2 whom) (S (NP-SBJ-1 Chemical) (VP tried (S (NP-SBJ *-1) (VP to (VP keep (NP *T*-2))))))) ,) (VP did n't (VP return (NP (NP calls) (PP for (NP comment))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ Chemical) (VP confirmed (SBAR that (S (NP-SBJ it) (VP took (NP (NP an undisclosed charge) (PP-CLR *ICH*-1)) (PP-TMP in (NP the second quarter)) (PP-CLR-1 for (NP (NP losses) (PP on (NP (NP forward-rate agreements) (VP involving (NP (NP foreign currency) (VP written (NP *) (PP by (NP-LGS (NP its branch) (PP in (NP-LOC (NP Frankfurt) , (NP West Germany)))))))))))))))) .)) (TOP (S (NP-SBJ A Chemical spokeswoman) (VP said (SBAR (SBAR 0 (S (NP-SBJ the second-quarter charge) (VP was `` not (ADJP-PRD material) ''))) and (SBAR that (S (NP-SBJ-1 no personnel changes) (VP were (VP made (NP *-1) (PP-PRP as (NP a result)))))))) .)) (TOP (S (NP-SBJ The spokeswoman) (VP said (SBAR 0 (S (NP-SBJ the Frankfurt situation) (VP was `` (ADJP-PRD totally different '' (PP from (NP (NP problems) (PP-LOC in (NP the interest-rate options unit))))))))) .)) (TOP (S (PP According (PP to (NP (NP individuals) (ADJP familiar (PP with (NP the situation)))))) , (NP-SBJ the Frankfurt loss) (VP stemmed (PP-LOC-CLR from (NP (NP a computer program) (PP for (S-NOM (NP-SBJ *) (VP calculating (NP (NP prices) (PP-LOC on (NP (NP forward-rate agreements) (SBAR (WHNP-11 that) (S (NP-SBJ-2 *T*-11) (VP failed (S (NP-SBJ *-2) (VP to (VP envision (NP (NP an interest-rate environment) (SBAR (WHADVP-3 where) (S (NP-SBJ short-term rates) (VP were (ADJP-PRD (ADJP equal (PP to (NP *RNR*-1))) or (ADJP higher (PP than (NP *RNR*-1))) (NP-1 long-term rates)) (ADVP-LOC *T*-3)))))))))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP the incidents) (VP involving (NP (NP interest-rate options) and (NP forward-rate agreements)))) (VP are (ADJP-PRD unrelated)))) , (NP-SBJ some observers) (VP say (SBAR 0 (S (NP-SBJ they) (VP echo (NP (NP a 1987 incident) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ Bankers Trust New York Corp.) (VP restated (NP (NP the value) (PP of (NP its foreign exchange options contracts))) (ADVP-EXT downward (PP by (NP (QP about $ 80 million) *U*))) (PP-LOC *T*-1))))))))) .)) (TOP (S (NP-SBJ These complex products) (VP require (NP close monitoring) (SBAR-PRP because (S (NP-SBJ-1 each) (VP must (VP be (VP valued (NP *-1) (ADVP-MNR separately)))) (PP in (NP (NP light) (PP of (NP current market conditions))))))) .)) (TOP (S (PP-LOC In (NP an interest-rate options contract)) , (NP-SBJ a client) (VP pays (NP a fee) (PP-DTV to (NP a bank)) (PP-PRP for (NP (NP custom-tailored protection) (PP against (NP adverse interest-rate swings)) (PP for (NP a specified period))))) .)) (TOP (S (PP-LOC In (NP a forward-rate agreement)) , (NP-SBJ a client) (VP agrees (PP-CLR to (NP (NP an exchange rate) (PP-LOC on (NP a future currency transaction))))) .)) (TOP (S (NP-SBJ Some competitors) (VP maintain (SBAR 0 (S (NP-SBJ the interestrate option loss) , (PP in (NP particular)) , (VP may (VP have (VP resulted (PP-CLR (ADVP more) from (S-NOM (NP-SBJ Chemical 's) (VP taking (NP (ADJP (ADJP large) and (ADJP often contrarian)) positions))) (PP than (NP a valuation problem))))))))) .)) (TOP (S (S (NP-SBJ-2 *-1) (VP Started (NP *-2) (NP-TMP three years ago))) , (NP-SBJ-1 (NP Chemical 's) interest-rate options group) (VP was (NP-PRD (NP a leading force) (PP-LOC in (NP the field)))) .)) (TOP (S (PP-TMP (PP From (NP 1987)) (PP to (NP 1988))) , (NP-SBJ (NP the value) (PP of (NP (NP (NP Chemical 's) option contracts) (ADJP outstanding)))) (VP mushroomed (PP-DIR to (NP (QP $ 37 billion) *U*)) (PP-DIR from (NP (QP $ 17 billion) *U*))) .)) (TOP (S (ADVP More importantly) , (NP-SBJ (NP the volume) (PP of (NP (NP options) (VP written (NP *))))) (VP exceeded (NP (NP those) (VP purchased (NP *))) (PP-EXT by (ADVP almost 2-to-1))) .)) (TOP (S-1 (PP With (NP (NP such a lopsided book) (PP of (NP options)))) (PRN , (S (NP-SBJ traders) (VP say (SBAR 0 (S *T*-1)) )) ,) (NP-SBJ Chemical) (VP was (ADJP-PRD more vulnerable (PP to (NP erroneous valuation assumptions)))) .)) (TOP (S (NP-SBJ The Chemical spokeswoman) (VP said (SBAR 0 (S (NP-SBJ the bank) (VP has (VP examined (NP its (NX (NX methodologies) and (NX internal controls)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP consider (S (NP-SBJ our internal controls) (VP to (VP have (VP worked (ADVP-MNR well))))))) , '' (NP-SBJ-2 she) (VP said (S *T*-1) , (S-ADV (NP-SBJ *-2) (VP adding (SBAR that (S (NP-SBJ-3 some procedures) (VP have (VP been (VP strengthened (NP *-3))))))))) .)) (TOP (S-1 (NP-SBJ-2 Its valuation methodologies) (PRN , (S (NP-SBJ she) (VP said (SBAR 0 (S *T*-1)) )) ,) `` (VP are (VP recognized (NP *-2) (PP-CLR as (NP (NP some) (PP of (NP (NP the best) (PP-LOC on (NP the Street)))))))) .)) (TOP (S (NP-SBJ-1 Not a lot) (VP was (VP needed (S (NP-SBJ-2 *-1) (VP to (VP be (VP done (NP *-2))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Thomas W. Wathen) (VP went (ADVP-PRD big league) (NP-TMP last year) (ADVP-TMP *T*-1)))) , (NP-SBJ he) (VP acquired (NP (NP (NP a treasure-trove) (PP of (NP Americana))) (CONJP along with) (NP (NP a (ADJP well-known but ailing) security business) : (NP-TTL (NP Pinkerton 's) Inc)))) .)) (TOP (S (NP-SBJ There) (VP was (NP-PRD (NP (NP a wanted poster) (VP offering `` (NP (NP Rewards) (PP for (NP (NP the Arrest) (PP of (NP Express and Train Robbers (NX (NX Frank James) and (NX Jesse W. James))))))) '')) and (NP (NP the original (NP Pinkerton 's) logo) (PP with (NP (NP an open eye) and (NP (NP the inscription) `` (S-TTL (NP-SBJ We) (ADVP-TMP Never) (VP Sleep)) , ''))) (SBAR (WHNP-12 which) (S (NP-SBJ *T*-12) (VP inspired (NP (NP the phrase) `` (NP private eye)))))))) . '')) (TOP (S (ADVP Then) (NP-SBJ there) (VP were (NP-PRD (NP two gold watches) (VP (ADVP-TMP once) owned (NP *) (PP by (NP-LGS (NP Allan Pinkerton) , (SBAR (WHNP-13 who) (S (NP-SBJ *T*-13) (VP founded (NP the company) (PP-LOC in (NP Chicago)) (PP-TMP in (NP 1850)))))))))) .)) (TOP (S (S-TPC-2 But (NP-SBJ-1 there) (VP were (VP supposed (S (NP-SBJ *-1) (VP to (VP be (NP-PRD three))))))) , (NP-SBJ (NP Mr. Wathen 's) company) (VP claims (SBAR 0 (S *T*-2)) ) .)) (TOP (S (NP-SBJ The missing watch) (VP is (ADJP-PRD emblematic (PP of (NP (NP the problems) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Wathen) (VP encountered (NP *T*-1) (PP-LOC in (S-NOM (NP-SBJ *) (VP building (NP his (ADJP closely held) California Plant Protection Security Service) (PP-CLR into (NP (NP the largest detective and security agency) (PP-LOC in (NP the U.S.)))) (PP-MNR through (NP acquisitions)))))))))))) .)) (TOP (S (NP-SBJ The ever-optimistic Mr. Wathen) (VP has (VP learned (SBAR that (S (SBAR-ADV while (S (S-NOM-SBJ (NP-SBJ *) (VP acquiring (NP a big brand-name company))) (VP can (VP be (NP-PRD (NP a shortcut) (PP to (NP growth))))))) , (NP-SBJ it) (VP can (ADVP also) (VP bring (NP (NP a host) (PP of (NP unforeseen problems))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP cleared (PRT out) (NP (NP a lot) (PP of (NP (NP rats ') nests))))) , '' (VP says (S *T*-1)) (NP-SBJ the 60-year-old security veteran) .)) (TOP (S (NP-SBJ (NP Mr. Wathen) , (SBAR (WHNP-14 who) (S (NP-SBJ *T*-14) (VP (VP started (NP (NP his career) (PP as (NP an Air Force investigator)))) and (VP worked (PP-CLR as (NP a security officer)) (PP-CLR for (NP several large companies)))))) ,) (VP built (NP his California Plant Protection) (PP-CLR from (NP (NP a tiny mom-and-pop security patrol firm) (ADVP-LOC here (PP in (NP the San Fernando Valley)))))) .)) (TOP (S (S (NP-SBJ He) (VP joined (NP the firm) (PP-TMP in (NP 1963)))) and (S (NP-SBJ *) (VP bought (NP it) (PP-CLR from (NP the owners)) (NP-TMP the next year))) .)) (TOP (S (PP-TMP Over (NP the next 20 years)) , (NP-SBJ California Plant Protection) (VP opened (NP 125 offices) (PP-LOC around (NP the country))) .)) (TOP (S Yet (SBAR-ADV although (S (NP-SBJ California Plant Protection) (VP was (VP netting (NP (ADJP bigger and bigger) clients) (PRN -- (S (NP-SBJ the firm) (VP provided (NP security) (PP-CLR for (NP (NP the 1984 Summer Olympics) (PP-LOC in (NP Los Angeles)))))) --))))) (NP-SBJ it) (ADVP-TMP still) (VP did n't (VP have (NP (NP the name recognition) (PP of (NP Pinkerton 's))))) .)) (TOP (S So (SBAR-TMP (WHADVP when) (S (NP-SBJ-1 American Brands Inc.) (VP decided (S (NP-SBJ *-1) (VP to (VP sell (NP the unit) (PP-TMP in (NP 1987)) (PP-CLR as (NP (NP part) (PP of (NP (NP a divestiture) (PP of (NP its food and security industries operations)))))))))))) , (NP-SBJ-2 Mr. Wathen) (VP saw (NP a chance (S (NP-SBJ *) (VP to (VP accomplish (NP several objectives)))))) .)) (TOP (S (NP-SBJ He) (VP decided (SBAR 0 (S (NP-SBJ-1 he) (VP could (ADVP-MNR easily) (VP merge (NP (NP Pinkerton 's) operations) (PP-CLR with (NP his own)) (SBAR-TMP while (S (NP-SBJ *-1) (VP slashing (NP overhead costs)))) (SBAR-PRP because (S (NP-SBJ the two) (ADVP-TMP already) (VP operated) (PP-LOC in (NP (NP many) (PP of (NP the same cities))))))))))) .)) (TOP (S (S (NP-SBJ He) (VP could (VP acquire (NP (NP a staff) (PP of (NP (NP loyal (NP Pinkerton 's) employees) , (SBAR (WHNP-15 (NP many) (WHPP of (WHNP whom))) (S (NP-SBJ *T*-15) (VP had (VP spent (NP their entire careers) (PP-MNR with (NP the firm)))))))))))) , (S (NP-SBJ he) (VP could (VP eliminate (NP a competitor)))) and (S (NP-SBJ he) (VP could (VP get (NP (NP the name recognition) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP 'd (VP wanted (NP *T*-1))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Wathen) (ADVP also) (VP relished (NP the chance (S (NP-SBJ *) (VP to (VP demonstrate (SBAR 0 (S (NP-SBJ (NP an entrepreneur) (PP like (NP himself)) , (SBAR (WHNP-16 who) (S (NP-SBJ *T*-16) (VP 'd (VP spent (NP his whole career) (PP-LOC-CLR in (NP the security business)))))) ,) (VP could (VP run (NP Pinkerton 's) (ADVP-MNR (ADVP better) (PP than (NP an (NX (NX unfocused conglomerate) or (NX investment banker)))))))))))))) .)) (TOP (S `` (NP-SBJ The security business) (VP is (NP-PRD my favorite subject)) .)) (TOP (S (S-TPC-1 (NP-SBJ I) (VP love (NP this business))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ (NP Most) (PP of (NP the LBO guys))) (VP do n't (VP know (SBAR (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP run (NP a business) (ADVP anyway) (ADVP-MNR *T*-1))))))) . '')) (TOP (S But (NP-SBJ there) (VP were (NP-PRD (NP hitches) , (SBAR not (WHNP-17 (NP the least) (WHPP of (WHNP which))) (S (NP-SBJ *T*-17) (VP was (SBAR-PRD that (PRN , (S (NP-SBJ Mr. Wathen) (VP says)) ,) (S (NP-SBJ he) (VP proceeded (ADVP-MNR almost blindly) (PP in (S-NOM (NP-SBJ *) (VP doing (NP (NP the (ADJP (QP $ 95 million) *U*) acquisition) , (SBAR (WHNP-18 which) (S (NP-SBJ-1 *T*-18) (VP was (VP completed (NP *-1) (PP-TMP in (NP January 1988)))))))))))))))))) .)) (TOP (S `` (NP-SBJ-1 We) (VP were n't (VP allowed (S (NP-SBJ *-1) (VP to (VP do (NP any due diligence)))) (PP-PRP because of (NP competitive reasons)))) .)) (TOP (S (S-TPC-1 (SBAR-ADV If (S (NP-SBJ we) (VP had (VP *?*)))) , (NP-SBJ it) (VP might (VP have (VP scared (NP us) (PRT off))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Five years) (PP of (NP (NP rapid expansion) (PP-LOC under (NP American Brands)) , (PP with (NP (NP an emphasis) (PP-LOC on (S-NOM (NP-SBJ *) (VP (VP marketing (NP (NP the agency 's) services)) (CONJP instead of) (VP improving (NP them))))))) ,))) (VP had (VP hurt (NP (NP Pinkerton 's) profits)))) , (NP-SBJ Mr. Wathen) (VP claims (SBAR 0 (S *T*-1)) ) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ his team) (VP could n't (VP tell (SBAR whether (S (NP-SBJ-1 (NP accounts) (ADJP receivable)) (VP had (VP been (VP paid (NP *-1))))) or not)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Pinkerton 's) (VP had (VP locked (NP itself) (PP-CLR into (NP low-price contracts)) (S-PRP (NP-SBJ *-1) (VP to (VP win (NP new business)))) , (PP with (NP (NP no hope) (PP of (NP profitability)) (SBAR-TMP until (S (NP-SBJ-3 the contracts) (VP expired (NP *-3)))))))) ,) (NP-SBJ he) (VP adds (SBAR 0 (S *T*-2))) .)) (TOP (S And (S-TPC-1 (NP-SBJ regional offices) (VP were `` (ADJP-PRD egregiously overstaffed) , '')) (NP-SBJ he) (VP claims (SBAR 0 (S *T*-1)) ) .)) (TOP (S (S (NP-SBJ One office) (VP had (S (NP-SBJ 19 people) (VP doing (NP (NP the work) (PP of (NP three))))))) , `` and (S (NP-SBJ (NP half) (PP of (NP the employees))) (VP had (NP company automobiles))) . '')) (TOP (S (NP-SBJ-1 American Brands) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP (NP Mr. Wathen 's) accusations)))))) .)) (TOP (S (NP-SBJ-1 The acquisition) (VP combined (NP (NP (NP (NP (NP the country 's) second-largest security company) , (NP Pinkerton 's)) , (PP with (NP (NP 1987 sales) (PP of (NP (QP $ 410 million) *U*)))) ,) and (NP (NP (NP the (ADJP fourth largest)) , (NP California Plant Protection)) , (PP with (NP (NP (QP $ 250 million) *U*) (PP in (NP sales)))))) , (S-ADV (NP-SBJ *-1) (VP creating (NP (NP (NP the industry 's) biggest firm) , (SBAR (WHNP-19 which) (S (NP-SBJ *T*-19) (VP took (PRT on) (NP the (NP Pinkerton 's) name)))))))) .)) (TOP (SINV (S-TPC-3 (PP-TMP (ADVP Even) after (S-NOM (NP-SBJ *-1) (VP divesting (NP itself) (PP-CLR of (NP (NP (QP $ 120 million) *U*) (PP of (NP unprofitable business))))))) , (NP-SBJ-1 the new (NX Pinkerton 's)) (VP will (VP have (NP (NP (NP sales) (PP of (NP (QP about $ 610 million) *U*)) (NP-TMP this year)) and (NP (NP operating profit) (NP (NP (QP roughly double) the industry average) (PP of (NP (NP (QP 2%-3 %) *U*) (PP of (NP sales)))))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Lloyd Greif) (PP of (NP (NP (NP Sutro & Co.) (PP-LOC in (NP Los Angeles))) , (SBAR (WHNP-20 which) (S (NP-SBJ *T*-20) (VP arranged (NP the (NP Pinkerton 's) acquisition))))))) .)) (TOP (S (NP-SBJ Mr. Wathen) (VP says (SBAR 0 (S (NP-SBJ (NP his turnaround strategy) (S *ICH*-1)) (VP has (VP been (ADJP-PRD simple) : (S-1 (NP-SBJ *) (ADVP just) (VP hack (PRT away) (PP-CLR at (NP the fat))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP began (PP-MNR by (S-NOM (NP-SBJ *-1) (VP closing (NP (NP 120) (PP of (NP (NP the combined companies ') 260 offices))) (PP-TMP in (NP two months)) , (S-ADV (NP-SBJ *) (VP eliminating (NP (NP (NP (QP about 31) %) (PP of (NP (NP the company 's) 2,500-person adminstrative staff))) , (PP including (NP (QP more than 100) sales positions))))))))) .)) (TOP (S (NP-SBJ He) (VP shut (PRT down) (NP (NP the company 's) tony New York headquarters)) .)) (TOP (S (NP-SBJ (NP Pinkerton 's) world headquarters) (NP-TMP today) (VP is (NP-PRD (NP a nondescript , two-story office building) (PP-LOC across (NP the street) (PP from (NP the small Van Nuys Airport))))) .)) (TOP (S (ADVP-TMP Next) , (NP-SBJ Mr. Wathen) (VP raised (NP (NP (NP Pinkerton 's) rates) , (SBAR (WHNP-21 which) (S (NP-SBJ *T*-21) (VP were (ADJP-PRD (ADJP (NP 75-cents-an-hour) lower) (PP than (NP (NP (NP California Plant Protection 's) average rate) (PP of (NP (QP around $ 8.63) *U*)))))))))) .)) (TOP (S And (NP-SBJ he) (VP got (VP rid (PP-CLR of (NP (NP low-margin businesses) (SBAR (WHNP-22 that) (S (NP-SBJ *T*-22) (ADVP just) (VP were n't (VP making (NP money) (PP-BNF for (NP the company)))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Wathen) , (SBAR (WHNP-23 who) (S (NP-SBJ *T*-23) (VP says (SBAR 0 (S (NP-SBJ Pinkerton 's) (VP had (NP (NP a loss) (PP of (NP (QP nearly $ 8 million) *U*))) (PP-TMP in (NP 1987)) (PP-LOC under (NP American Brands)))))))) ,) (VP boasts (SBAR that (S (NP-SBJ he) (VP 's (VP made (S (NP-SBJ Pinkerton 's) (ADJP-PRD profitable) (ADVP-TMP again))))))) .)) (TOP (S But (NP-SBJ (NP Mr. Wathen 's) team) (ADVP-TMP still) (VP must (VP pay (PRT down) (NP (NP (QP about $ 82 million) *U*) (PP of (NP long-term bank debt)) (PP from (NP the acquisition))))) (PP-TMP within (NP the next four years)) .)) (TOP (S (S (NP-TMP Last year) , (NP-SBJ (NP earnings) (PP of (NP the combined companies))) (VP did n't (VP cover (NP debt service)))) and (S (NP-SBJ-1 Pinkerton 's) (VP was (VP forced (S (NP-SBJ *-1) (VP to (VP borrow (NP (NP (QP $ 20 million) *U*) (PP of (NP subordinated debt))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 We) (VP would n't (VP have (VP had (S (NP-SBJ *-1) (VP to (VP refinance))) (SBAR-ADV if (S (NP-SBJ (NP a lot) (PP of (NP the problems))) (VP had n't (VP been (ADVP-LOC-PRD there))))))))) , '' (NP-SBJ Mr. Wathen) (VP says (S *T*-2)) .)) (TOP (S (NP-TMP This year) , (NP-SBJ Mr. Wathen) (VP says (SBAR 0 (S (NP-SBJ-1 the firm) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP (VP service (NP debt)) and (VP (ADVP still) turn (NP a modest profit))))))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ Pinkerton 's) (VP could (VP become (ADJP-PRD entangled (PP in (NP (NP a protracted legal fracas) (PP with (NP its former parent))))))) .)) (TOP (S (NP-SBJ-2 The company) (ADVP-TMP recently) (VP filed (NP suit) (PP-LOC in (NP (NP state court) (PP-LOC in (NP Los Angeles)))) (PP against (NP American Brands)) , (S-ADV (NP-SBJ *-2) (VP seeking (NP (NP (QP at least $ 40 million) *U*) (PP in (NP damages))) (PP-CLR from (NP the (ADJP Old Greenwich , Conn.-based) company))))) .)) (TOP (S (NP-SBJ The suit) (VP alleges (SBAR that (S (NP-SBJ-1 American Brands) (VP (VP misrepresented (NP (NP the financial condition) (PP of (NP Pinkerton 's)) (PP-TMP before (NP the sale)))) , (VP failed (S (NP-SBJ *-1) (VP to (VP disclose (NP (NP (NP pending lawsuits) and (NP material contracts)) (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ Pinkerton 's) (VP was (PP-PRD in (NP default)) (PP-LOC *T*-3))))))))) , (VP had n't (VP registered (NP the (NP Pinkerton 's) name and trademark) (PP-LOC-CLR in (NP the United Kingdom)))) and (VP did n't (VP tell (NP California Plant Protection) (PP-CLR about (NP some labor controversies)))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ We) (VP have (ADVP-TMP previously) (VP had (NP (NP discussions) (PP with (NP (NP representatives) (PP of (NP (NP Pinkerton 's) Inc.)))) (PP concerning (NP (NP the -LCB- sale) (PP of (NP the company)) -RCB-)))))) and (S (NP-SBJ we) (VP concluded (SBAR that (S (NP-SBJ we) (VP did not (VP have (NP liability) (PP-LOC under (NP the contract)))))))) , '') (VP says (S *T*-1)) (NP-SBJ American Brands) .)) (TOP (S `` (SBAR-PRP As (S (NP-SBJ this) (VP is (ADVP-TMP now) (NP-PRD a litigation matter)))) , (NP-SBJ we) (VP have (NP no further comment)) . '')) (TOP (S And (ADVP then) (NP-SBJ there) (VP 's (NP-PRD (NP the case) (PP of (NP the missing gold watch)))) .)) (TOP (S (NP-SBJ The lawsuit) (VP alleges (SBAR that (S (NP-SBJ (NP an inventory) (PP of (NP (NP Pinkerton 's) memorabilia))) (VP disclosed (SBAR that (S (NP-SBJ-1 (NP one) (PP of (NP the watches))) (VP had n't (VP been (VP forked (NP *-1) (PRT over) (PP by (NP-LGS American Brands))))))))))) .)) (TOP (S `` (S-TPC-5 (NP-SBJ (NP-1 American Brand 's) failure (S (NP-SBJ *) (VP to (VP surrender (NP the gold watch))))) (VP has (VP (VP damaged (NP new (NX Pinkerton 's)) (PP-MNR in (NP (NP an amount) (SBAR as yet (WHNP-3 0) -LCB- (S (NP-SBJ-4 *T*-3) (VP to (VP be -RCB- (VP determined (NP *-4))))))))) and (VP deprived (NP it) (PP-CLR of (NP (NP a valuable artifact) (SBAR (WHPP-2 for (WHNP which)) (S (NP-SBJ it) (VP had (VP bargained (PP *T*-2))))))))))) , '' (NP-SBJ the suit) (VP charges (S *T*-5)) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP The key) (PP to (NP (NP Pinkerton 's) future))) (VP will (VP be (S-NOM-PRD (NP-SBJ *) (VP sticking (PP-CLR to (SBAR-NOM (SBAR (WHNP-1 what) (S (NP-SBJ it) (VP does (NP *T*-1) (ADVP-MNR best)))) -- (S-NOM (NP-SBJ *) (VP being (NP-PRD a security company)))))))))) , (VP says (SBAR 0 (S *T*-2)) ) (NP-SBJ Mr. Wathen) .)) (TOP (S (NP-SBJ The company) (VP is (ADVP also) (VP renewing (NP (NP its emphasis) (PP-LOC on (NP (NP investigations) , (NP (NP particularly undercover investigations) (PP for (NP corporations)))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ investigations) (ADVP-TMP now) (VP account (PP-CLR for (NP (NP (QP only about 5) %) (PP of (NP (NP Pinkerton 's) total revenue))))))) , (S (NP-SBJ (NP that side) (PP of (NP the business))) (VP has (ADVP traditionally) (VP been (NP-PRD (NP the (ADJP more `` glamorous '')) (PP of (NP the two)))))) and (S (NP-SBJ it) (VP carries (NP (ADJP historical and sentimental) value))) .)) (TOP (S -LRB- (NP-SBJ (NP Author Dashiell Hammett) , (SBAR (WHNP-24 who) (S (NP-SBJ *T*-24) (VP wrote `` (NP-TMP The Maltese Falcon) , '')))) (VP was (NP-PRD a former (NP Pinkerton 's) detective)) . -RRB-)) (TOP (S (S-TPC-1 (NP-SBJ American Brands) `` (ADVP just) (VP had (NP a different approach)) , '') (NP-SBJ Mr. Wathen) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S (NP-SBJ Their approach) (VP did n't (VP work))) ; (S (NP-SBJ mine) (VP is (VP *?*))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Farm prices) (PP-TMP in (NP October))) (VP edged (ADVP-CLR up (NP-ADV 0.7 %) (PP-TMP from (NP September))) (SBAR-TMP as (S (NP-SBJ raw milk prices) (VP continued (NP their rise)))))) , (NP-SBJ the Agriculture Department) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Milk) (VP sold (NP *) (PP-DTV to (NP (NP the nation 's) dairy plants and dealers)))) (VP averaged (NP (NP $ 14.50 *U*) (PP for (NP each hundred pounds))) , (ADVP (ADVP up (NP-ADV 50 cents) (PP-TMP from (NP September))) and (ADVP up (NP-ADV $ 1.50 *U*) (PP-TMP from (NP October 1988)))))) , (NP-SBJ the department) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S (NP-SBJ (NP Commercial vegetables) , (VP led (NP *) (PP by (NP-LGS lettuce and tomatoes))) ,) (VP rose (NP-EXT 19 %) (PP-TMP in (NP October)))) ; (S (NP-SBJ (NP oranges) and (NP other fruits)) (VP rose (NP-EXT 5 %))) .)) (TOP (S (NP-SBJ Broiler prices) (VP fell (NP-EXT 6.5 cents) (PP-TMP in (NP October)) (PP-DIR to (NP (NP 30.6 cents) (NP-ADV a pound))) , (SBAR-ADV while (S (NP-SBJ turkey prices) (VP rose (NP-EXT (NP 1.2 cents) (NP-ADV a pound)) (PP-DIR to (NP 38.5 cents)))))) .)) (TOP (S (NP-SBJ Egg prices) (VP averaged (NP (NP 64.2 cents) (NP-ADV a dozen)) , (ADVP down (NP-ADV 0.2 cent) (PP-TMP from (NP September)))) .)) (TOP (S (NP-SBJ Hogs) (VP rose (NP-EXT $ 3.40 *U*) (PP-DIR to (NP (NP $ 46.80 *U*) (NP-ADV a hundredweight))) (PP-TMP in (NP October)) , (SBAR-ADV while (S (S (NP-SBJ beef cattle) (VP slipped (NP-EXT 80 cents) (PP-DIR to (NP (NP $ 67.40 *U*) (PP for (NP each hundred pounds)))))) and (S (NP-SBJ calves) (VP dropped (NP-EXT 90 cents) (PP-DIR to (NP $ 90.20 *U*))))))) .)) (TOP (S (S (NP-SBJ Soybeans) (VP averaged (NP (NP $ 5.28 *U*) (NP-ADV a bushel)) , (ADVP down (NP-ADV 42 cents) (PP-TMP from (NP September))))) ; (S (S (NP-SBJ corn) (VP averaged (NP $ 2.20 *U*) , (ADVP down (NP-ADV seven cents)))) , and (S (NP-SBJ sorghum grain) (VP averaged (NP (NP $ 3.61 *U*) (PP for (NP each hundred pounds))) , (ADVP down (NP-ADV 19 cents)) , (PP according (PP to (NP the department)))))) .)) (TOP (S (NP-SBJ (NP Paramount Communications Inc.) , (NP-LOC New York) ,) (VP completed (NP (NP the sale) (PP of (NP its Associates Corp. consumer and commercial finance subsidiary)) (PP to (NP (NP a unit) (PP of (NP Ford Motor Co.)))) (PP for (NP (QP $ 3.35 billion) *U*)))) .)) (TOP (S (NP-SBJ (NP Paramount) , (SBAR (WHNP-25 which) (S (NP-SBJ-1 *T*-25) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP the unit) (PP-TMP in (NP July)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP realize (NP (NP (NP net proceeds) (PP from (NP the sale)) (PP of (NP (QP $ 2.6 billion) *U*))) , (PP with (NP (NP an after-tax gain) (PP of (NP (QP $ 1.2 billion) *U*)))))))))) .)) (TOP (S (NP-SBJ Paramount) (VP said (SBAR 0 (S (NP-SBJ-1 the gain) (VP would (VP be (VP recorded (NP *-1) (PP-TMP in (NP (NP its fourth quarter) , (SBAR (WHNP-26 which) (S (NP-SBJ *T*-26) (VP ended (NP-TMP yesterday)))))))))))) .)) (TOP (S (NP-SBJ Paramount) (VP said (SBAR 0 (S (NP-SBJ the sale) (VP `` (VP completes (NP (NP the strategic restructuring) '' (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP began (NP *T*-1) (PP-TMP in (NP 1983))))))) , and (VP would (VP enable (S (NP-SBJ-2 it) (VP to (VP focus (PP-LOC-CLR on (NP its entertainment and publishing businesses))))))))))) .)) (TOP (S (NP-SBJ Ford) (VP said (PP-TMP in (NP July)) (SBAR 0 (S (NP-SBJ-2 it) (VP planned (S (NP-SBJ *-2) (VP to (VP operate (NP (NP Associates) , (VP based (NP *) (PP-LOC-CLR in (NP Dallas))) ,) (PP-CLR as (NP (NP a separate entity) (PP-LOC in (NP its Ford Financial Services Group))))))))))) .)) (TOP (S (NP-SBJ Paramount) (VP said (SBAR 0 (S (NP-SBJ Associates) (VP has (NP (NP (QP about $ 14 billion) *U*) (PP in (NP total assets))) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ it) (ADJP-PRD third-largest) (PP in (NP (NP terms) (PP of (NP assets)))) (PP-LOC among (NP (NP independent finance companies) (PP-LOC in (NP the U.S))))))))))) .)) (TOP (S (NP-SBJ Sea Containers Ltd.) , (PP-LOC in (NP a long-awaited move (S (NP-SBJ *) (VP to (VP repel (NP a hostile takeover bid)))))) , (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP (VP sell (NP (NP (QP $ 1.1 billion) *U*) (PP of (NP assets)))) and (VP use (NP-1 (NP some) (PP of (NP the proceeds))) (S-CLR (NP-SBJ *-1) (VP to (VP buy (NP (NP (QP about 50) %) (PP of (NP its common shares))) (PP-CLR for (NP (NP $ 70 *U*) (ADVP apiece) ))))))))))) .)) (TOP (S (PP (ADVP Together) with (NP (NP the (QP 3.6 million) shares) (RRC (ADVP-TMP currently) (VP controlled (NP *) (PP by (NP-LGS management , subsidiaries and directors)))))) , (NP-SBJ the completed tender offer) (VP would (VP give (NP Sea Containers) (NP a controlling stake))) .)) (TOP (S (S (NP-SBJ *-1) (VP Describing (NP itself) (PP-CLR as `` (ADJP asset rich) , ''))) (NP-SBJ-1 Sea Containers) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP will (VP move (ADVP-TMP immediately) (S (NP-SBJ *-2) (VP to (VP sell (NP (NP two ports) , (NP various ferries) , (NP ferry services) , (NP containers) , and (NP other investments)))))))))) .)) (TOP (S (PP-TPC-3 Of (NP the proceeds)) , (NP-SBJ-1 (NP (QP $ 500 million) *U*) (PP *T*-3)) (VP will (VP be (VP used (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP fund (NP its tender offer))))))) .)) (TOP (S (NP-SBJ Sea Containers) (VP added (SBAR that (S (NP-SBJ the recapitalization plan) (VP will (VP reduce (NP its debt) (PP-EXT by (NP (QP more than $ 500 million) *U*))))))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-27 which) (S (NP-SBJ *T*-27) (VP has (NP (NP (QP 13.8 million) common shares) (ADJP outstanding))))) ,) (VP said (PP-TMP in (NP mid-June)) (SBAR that (S (NP-SBJ it) (VP was (VP considering (NP (NP a restructuring) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP ward (PRT off) (NP (NP a hostile takeover attempt) (PP by (NP-LGS two European shipping concerns))))))))))))) .)) (TOP (S (PP-TMP In (NP late May)) , (NP-SBJ (NP Stena Holding AG) and (NP Tiphook PLC)) , (VP launched (NP (NP a (ADJP (ADJP $ 50-a-share *U*) , or (ADJP $ 777 million *U*) ,) tender offer) (PP for (NP the (ADJP Hamilton , Bermuda-based) Sea Containers)))) .)) (TOP (S (PP-TMP In (NP mid-August)) , (NP-SBJ the companies) , (PP through (NP (NP their (ADJP jointly owned) holding company) , (NP Temple Holdings Ltd.))) , (VP sweetened (NP the offer) (PP-CLR to (NP (NP (NP $ 63 *U*) (NP-ADV a share) ) , or (NP (QP $ 963 million) *U*)))) .)) (TOP (S (NP-SBJ-1 (NP Officials) (PP for (NP Temple))) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ (NP News) (PP of (NP the restructuring plan))) (VP sent (NP (NP Sea Containers ') shares) (ADVP-EXT up (NP-ADV $ 1 *U*)) (PP-DIR to (NP $ 62 *U*)) (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (S (NP-SBJ (NP Walter Kirchberger) , (NP (NP an analyst) (PP with (NP PaineWebber Inc.))) ,) (VP said (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP offering (NP holders) (NP a higher , (ADJP $ 70-a-share) price ))) (VP is `` (NP-PRD (NP a (ADJP fairly effective) method) (PP of (S-NOM (NP-SBJ *) (VP blocking '' (NP the Stena-Tiphook bid))))))))) .)) (TOP (S (NP-SBJ (NP Michael Carstens) , (NP (NP an analyst) (PP with (NP (NP Tucker Anthony) & (NP R.L. Day)))) ,) (VP added (SBAR that (S (NP-SBJ (NP the sale) (PP of (NP assets))) (VP would (VP allow (S (NP-SBJ Sea Containers) (VP to (VP focus (PP-LOC-CLR on (NP its core container businesses)))))))))) .)) (TOP (S (PP For (NP (NP holders) (SBAR (WHNP-28 who) (S (NP-SBJ-1 *T*-28) (VP decide (S (NP-SBJ *-1) not (VP to (VP tender (NP their shares))))))))) , (NP-SBJ Sea Containers) (VP will (VP issue (NP (NP (NP one share) (PP of (NP (NP preferred stock) (PP with (NP (NP a stated value) (PP of (NP $ 25 *U*))))))) , plus (NP (NP a cash dividend) (PP-LOC on (NP the common stock)))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (S (NP-SBJ-1 its directors , management and subsidiaries) (VP will (VP remain (NP-PRD long-term investors)))) and (S (NP-SBJ *-1) (VP wo n't (VP tender (NP (NP any) (PP of (NP their shares))) (PP-LOC under (NP the offer)))))))) .)) (TOP (S (NP-SBJ Sea Containers) (VP said (SBAR 0 (S (NP-SBJ the offer) (VP will (VP proceed (SBAR-TMP after (S (NP-SBJ the Bermuda Supreme Court) (VP lifts or modifies (NP (NP an interim injunction) (VP restraining (NP-1 the company) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP buying (NP its shares)))))))))))))) .)) (TOP (S (NP-SBJ That injunction) (VP resulted (PP-CLR from (NP (NP litigation) (PP between (NP (NP Temple) and (NP Sea Containers))) (NP-TMP last May)))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ the court) (VP has (VP indicated (SBAR 0 (S (NP-SBJ it) (VP will (VP make (NP a decision) (PP-TMP on or about (NP Nov. 27))))))))))) .)) (TOP (S (NP-SBJ Sea Containers) (VP will (ADVP-TMP soon) (VP set (NP (NP a date) (PP for (NP its annual shareholder meeting))))) (S-PRP (NP-SBJ *) (VP to (VP seek (NP (NP holder approval) (PP for (NP the offer)))))) .)) (TOP (S (NP-SBJ You) (VP 'd (VP think (SBAR 0 (S (NP-SBJ (NP all the stories) (PP about (NP (NP well-heeled communities and developers) (VP getting (NP HUD grants))))) (VP would (VP prompt (S (NP-SBJ Congress) (VP to (VP tighten (PRT up) (PP-LOC on (NP upscale housing subsidies))))))))))) .)) (TOP (FRAG (NP No way) .)) (TOP (S (NP-SBJ Congress) (VP has (ADVP just) (VP made (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD easier) (PP for (NP the affluent)) (S-1 (NP-SBJ *) (VP to (VP qualify (PP-CLR for (NP (NP insured loans) (PP from (NP the deficit-ridden Federal Housing Administration)))))))))) .)) (TOP (S (NP-SBJ It) (VP appears (SBAR that (S (NP-SBJ (NP the only thing) (SBAR (WHNP-1 0) (S (NP-SBJ Congress) (VP is (VP learning (NP *T*-1) (PP from (NP the HUD story))))))) (VP is (SBAR-PRD (WHADVP-2 how) (S (NP-SBJ *) (VP to (VP enlarge (NP (NP its control) (PP of (NP (NP the honey pot) (VP going (PP-DIR to (NP special interests)))))) (ADVP-MNR *T*-2))))))))) .)) (TOP (S (ADVP-TMP Right now) , (NP-SBJ (NP the largest loan) (SBAR (WHNP-1 0) (S (NP-SBJ the FHA) (VP can (VP insure (NP *T*-1) (PP-LOC in (NP high-cost housing markets))))))) (VP is (NP-PRD $ 101,250 *U*)) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ housing lobbies) (VP persuaded (NP-1 Congress) (S (NP-SBJ *-1) (VP to (VP raise (NP the ceiling) (PP-DIR to (NP $ 124,875 *U*)) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ FHA loans) (ADJP-PRD more accessible (PP to (NP the well-to-do)))))))))) .)) (TOP (S But (NP-SBJ it) (VP does (NP that) (PP at (NP (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP deepening (NP (NP the taxpayer 's) exposure) (SBAR-ADV if (S (NP-SBJ-1 the FHA) (VP is (VP forced (S (NP-SBJ *-1) (VP to (VP pay (PP-CLR for (NP (NP more loans) (VP going (ADJP-PRD sour))))))))))))))))) .)) (TOP (S (S (NP-SBJ This) (VP is (NP-PRD no idle fear))) (S (NP-TMP last year) (NP-SBJ the FHA) (VP lost (NP (NP (QP $ 4.2 billion) *U*) (PP in (NP loan defaults))))) .)) (TOP (S But (NP-SBJ the higher mortgage ceiling) (VP is (NP-PRD (NP only the starter kit) (PP for (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP Senator Alan Cranston) and (NP Majority Leader George Mitchell)) (VP have (NP *T*-1) (PP-CLR in (NP mind)) (PP-PRP for (NP housing)))))))) .)) (TOP (S (NP-SBJ The Senate Banking Committee) (VP will (VP begin (NP (NP hearings) (PP *ICH*-1)) (PP-TMP next (NP week)) (PP-LOC-1 on (NP their proposal (S (NP-SBJ *) (VP to (VP expand (NP existing federal housing programs)))))))) .)) (TOP (S (NP-SBJ-1 Other Senators) (VP want (S (NP-SBJ *-1) (VP to (VP lower (NP (NP the down payments) (VP required (NP *) (PP-LOC on (NP FHA-insured loans)))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP be (NP-PRD (NP a formula) (PP for (S-NOM (NP-SBJ *) (VP ensuring (NP (ADJP even more) FHA red ink))))))) .)) (TOP (S (NP-SBJ Experience) (VP has (VP shown (SBAR that (S (NP-SBJ (NP the (ADJP most important) element) (PP-LOC in (S-NOM (NP-SBJ *) (VP predicting (NP a housing-loan default))))) (VP is (NP-PRD the down payment)))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ a purchaser) (VP can (VP use (NP-2 an FHA loan) (S-CLR (NP-SBJ *-2) (VP to (VP finance (NP all (NX (NX points) and (NX closing costs)))))))))) , (NP-SBJ-1 the FHA) (VP can (VP wind (PRT up) (S (NP-SBJ *-1) (VP lending (NP (NP more) (SBAR than (S (NP-SBJ a house) (VP is (ADJP-PRD worth))))))))) .)) (TOP (S (SBAR If (S (NP-SBJ-1 housing prices) (VP continue (S (NP-SBJ *-1) (VP to (VP fall)))))) , (NP-SBJ-2 many borrowers) (VP would (VP be (ADVP-PRD better off) (S (NP-SBJ *-2) (VP (VP walking (ADVP-DIR away) (PP-DIR from (NP their homes))) and (VP leaving (NP taxpayers) (PP-CLR with (NP the losses))))))) .)) (TOP (S (NP-SBJ Much the same thing) (VP (VP happened (PP with (NP busted S&Ls))) , (NP (NP a problem) (SBAR (WHNP-1 0) (S (NP-SBJ Congress) (ADVP just) `` (VP solved '' (NP *T*-1) (PP-CLR with (NP a (ADJP (QP $ 166 billion) *U*) bailout ))))))) .)) (TOP (S (NP-SBJ We) (VP hear (SBAR that (S (NP-SBJ-1 HUD Secretary Jack Kemp) (VP is (VP toying (PP-CLR with (S-NOM (NP-SBJ *-1) (VP going (PRT along) (PP with (NP (NP some) (PP of (NP the Cranston-Mitchell proposals)))))))))))) .)) (TOP (S (NP-SBJ That) (VP sounds (PP-CLR like (NP (NP a formula) (PP for (S-NOM (NP-SBJ *) (VP ensuring (SBAR that (S (NP-SBJ-1 he) (VP gets (VP dragged (NP *-1) (PP-DIR into (NP the next HUD tar pit)))))))))))) .)) (TOP (S (NP-SBJ-2 (NP A group) (PP of (NP 27 Senators))) (VP has (VP written (NP Mr. Kemp) (S-ADV (NP-SBJ *-2) (VP urging (NP-1 him) (S (NP-SBJ *-1) (VP to (VP (VP (VP reject (NP Cranston-Mitchell)) and (VP focus (PP-CLR on (NP (NP programs) (SBAR (WHNP-29 that) (S (NP-SBJ *T*-29) (VP empower (NP the poor)))))))) (CONJP rather than) (VP create (NP vast new government obligations))))))))) .)) (TOP (S But (SBAR-ADV even if (S (NP-SBJ he) (VP agrees))) , (S (NP-SBJ Mr. Kemp) (VP does n't (VP write (NP (NP the nation 's) housing law)))) -- (S (NP-SBJ Congress) (VP does (VP *?*))) .)) (TOP (S And (NP-SBJ (NP the majority) (PP of (NP Members))) (ADVP-MNR cynically) (VP view (NP (NP the current discrediting) (PP of (NP HUD))) (PP-CLR as (ADVP mainly) (NP a chance (S (NP-SBJ *) (VP to (VP shove (PRT through) (NP (NP their own slate) (PP of (NP projects))))))))) .)) (TOP (S (NP-SBJ Exhibit A) (VP is (NP-PRD (NP last week 's) House vote (S (NP-SBJ *) (VP to (VP fund (NP 40 pet projects) (PP-MNR out (PP of (NP (NP the same discretionary fund) (SBAR (WHNP-30 that) (S (NP-SBJ *T*-30) (VP is (PP-LOC-PRD at (NP (NP the heart) (PP of (NP the HUD scandal))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP None) (PP of (NP the grants))) (VP (VP had (VP been (VP (VP requested (NP *-1) (PP by (NP-LGS HUD))) , (VP judged (NP *-1) (ADVP-MNR competitively))))) or (VP were (NP-PRD (NP the subject) (PP of (NP a single hearing))))) .)) (TOP (S (NP-SBJ (ADJP More and more) observers) (ADVP-TMP now) (VP realize (SBAR that (S (NP-SBJ (NP the key) (PP to (S-NOM (NP-SBJ *) (VP ending (NP future HUD scandals))))) (VP lies (PP-LOC-CLR in (S-NOM (NP-SBJ *) (VP forcing (S (NP-SBJ Congress) (VP to (VP clean (PRT up) (NP its own act))))))))))) .)) (TOP (S (NP-TMP This week) , (NP-SBJ a Baltimore Sun editorial) (VP said (SBAR 0 (S (NP-SBJ (NP the Lantos subcommittee) (PP on (NP HUD))) (VP should (VP (VP forget (PP-CLR about (NP (NP Sam Pierce 's) testimony)) (PP-TMP for (NP the moment))) and (VP call (NP (NP some other witnesses) : (NP (NP the various congressional sponsors) (PP of (NP the 40 pork-barrel projects)))))))))) .)) (TOP (S (NP-SBJ The Sun) (VP concluded (SBAR that (S (NP-SBJ Mr. Pierce) (VP is (NP-PRD (NP (NP only part) (PP of (NP the problem))) -- and (NP (NP a part) (SBAR (WHNP-31 that) (S (NP-SBJ *T*-31) (VP 's (ADJP-PRD gone)))))))))) .)) (TOP (S-3 `` (SBAR-ADV If (S (NP-SBJ-1 HUD) (VP is (S (NP-SBJ-2 *-1) (VP to (VP be (VP reformed (NP *-2)))))))) , '' (PRN (S (NP-SBJ it) (VP concluded (SBAR 0 (S *T*-3)))) ,) (NP-SBJ-4 (NP Members) (PP of (NP Congress))) (VP will `` (VP have (S (NP-SBJ-5 *-4) (VP to (VP start (S (NP-SBJ *-5) (VP (VP looking (PP into (NP *RNR*-6))) , and (VP doing (NP something) (PP about (NP *RNR*-6))) , (NP-6 (NP the practices) (PP of (NP their colleagues)))))))))) . '')) (TOP (S (PP Of (NP course)) , (NP-SBJ self-reform) (VP is (NP-PRD (NP about the last thing) (SBAR (WHNP-1 0) (S (NP-SBJ this Congress) (VP is (ADJP-PRD interested (PP in (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Proponents) (PP of (S-NOM (NP-SBJ *) (VP expanding (NP FHA programs))))) (VP say (SBAR 0 (S (NP-SBJ-1 they) (ADVP merely) (VP want (S (NP-SBJ *-1) (VP to (VP help (NP (NP home buyers) (SBAR (WHNP-32 who) (S (NP-SBJ-2 *T*-32) (VP are (VP frozen (NP *-2) (PP-CLR out (PP of (NP high-priced markets))))))))))))))) .)) (TOP (S But (NP-SBJ the FHA program) (VP is (VP hemorrhaging (NP bad loans))) .)) (TOP (S (S (NP-SBJ Jack Kemp) (VP has (VP submitted (NP (NP a package) (PP of (NP reforms)))))) , and (S (NP-SBJ they) (VP are (ADVP surely) (VP headed (PP-DIR for (NP the Capitol Hill sausage-grinder))))) .)) (TOP (S (PP Like (NP (NP the S&L mess) (PP-TMP before (NP it)))) , (NP-SBJ this) (VP is (NP-PRD (NP a problem) (SBAR (WHNP-1 0) (S (NP-SBJ Congress) (VP should (VP be (VP (VP solving (NP *T*-1)) , (VP not ignoring (NP *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP Gillette Co.) , (NP Boston) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP is (VP planning (S (NP-SBJ *-1) (VP to (VP restructure (NP its (ADJP South African) subsidiary))))))))) .)) (TOP (S (PP-LOC Under (NP the plan)) , (NP-SBJ Gillette South Africa) (VP will (VP sell (NP (NP (NP manufacturing facilities) (PP-LOC in (NP (NP Springs) , (NP South Africa) ,))) and (NP (NP its business) (PP in (NP (NP toiletries) and (NP plastic bags))))) (PP-DTV to (NP (NP Twins Pharmaceuticals Ltd.) , (NP (NP an affiliate) (PP of (NP (NP Anglo American Corp.) , (NP a (ADJP South African) company)))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were not (VP disclosed (NP *-1))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ-1 A final agreement) (VP has not (VP been (VP signed (NP *-1))))) , and (S (NP-SBJ the moves) (VP will not (VP have (NP (NP a material effect) (PP-LOC on (NP the company))))))) , (NP-SBJ Gillette) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (NP-PRD (NP part) (PP of (NP (NP a continuing world-wide restructuring) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ it) (VP has (VP downsized or sold (NP (NP operations) (PP-LOC in (NP several countries))) (PP-LOC *T*-1)))))))))))) .)) (TOP (S (NP-SBJ Gillette) (VP said (SBAR 0 (S (NP-SBJ (NP its continued presence) (PP-LOC in (NP South Africa))) `` (VP enables (S (NP-SBJ it) (VP to (VP make (NP (NP meaningful contributions) (PP (PP to (NP (ADJP South African) society)) , (PP to (NP (NP the lives) (PP of (NP its employees)))) and (PP to (NP (NP the communities) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ it) (VP operates (PP-LOC *T*-1))))))))))) . '')))))) (TOP (S (NP-SBJ Gillette South Africa) (VP employs (NP (QP about 250) people)) .)) (TOP (S (S-1 (NP-SBJ (NP (QP About 60) %) (PP of (NP the work force))) (VP will (VP (VP continue (PP-CLR with (NP Gillette))) or (VP transfer (PP-DIR to (NP Twins Pharmaceuticals)))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The Soviet legislature) (VP approved (NP (NP a 1990 budget) (SBAR *ICH*-1)) (NP-TMP yesterday) (SBAR-1 (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP halves (NP its huge deficit) (PP-CLR with (NP (NP cuts) (PP in (NP (NP defense spending) and (NP capital outlays))))) (SBAR-TMP while (S (NP-SBJ-4 *-3) (VP striving (S (NP-SBJ *-4) (VP to (VP improve (NP (NP supplies) (PP to (NP frustrated consumers))))))))))))) .)) (TOP (FRAG (NP-SBJ The vote (S (NP-SBJ *) (VP to (VP approve)))) (X was))) (TOP (S (NP-SBJ-1 A proposal (S (NP-SBJ *) (VP to (VP raise (NP (NP prices) (PP of (NP beer , tobacco and luxuries))))))) (VP was (VP rejected (NP *-1) (ADVP 338-44))) .)) (TOP (S (NP-SBJ Soviet President Mikhail S. Gorbachev) (VP told (NP the legislators) (SBAR (SBAR 0 (S (NP-SBJ they) (VP had (VP made (NP a good start))))) , but (SBAR that (S (NP-SBJ the most difficult work) (VP was (ADVP-TMP still) (ADVP-PRD ahead)))))) .)) (TOP (S (NP-SBJ The Tass news agency) (VP said (SBAR 0 (S (NP-SBJ the 1990 budget) (VP anticipates (NP (NP (NP income) (PP of (NP (NP (QP 429.9 billion) rubles) (PRN -LRB- (NP (QP US$ 693.4 billion) *U*) -RRB-)))) and (NP (NP expenditures) (PP of (NP (NP (QP 489.9 billion) rubles) (PRN -LRB- (NP (QP US$ 790.2 billion) *U*) -RRB-))))))))) .)) (TOP (S (NP-SBJ Those figures) (VP are (SBAR-PRD (ADVP almost exactly) (WHNP-33 what) (S (NP-SBJ the government) (VP proposed (NP *T*-33) (PP-CLR to (NP legislators)) (PP-TMP in (NP September)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the government) (VP can (VP stick (PP-CLR with (NP them)))))) , (NP-SBJ-1 it) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP halve (NP (NP this year 's) (ADJP (ADJP (QP 120 billion) ruble) (PRN -LRB- (ADJP (QP US$ 193 billion) *U*) -RRB-)) deficit))))))) .)) (TOP (S (NP-SBJ Officials) (VP proposed (NP (NP (NP (NP a cut) (PP-LOC in (NP the defense budget))) (NP-TMP this year) (PP to (NP (NP (QP 70.9 billion) rubles) (PRN -LRB- (NP (QP US$ 114.3 billion) *U*) -RRB-))) (PP from (NP (NP (QP 77.3 billion) rubles) (PRN -LRB- (NP (QP US$ 125 billion) *U*) -RRB-)))) (CONJP as well as) (NP (NP large cuts) (PP-LOC in (NP (NP outlays) (PP for (NP new factories and equipment))))))) .)) (TOP (S (NP-SBJ Tass) (VP said (SBAR 0 (S (NP-SBJ the final budget and economic plan) (VP calls (PP-CLR for (NP (NP a sharp increase) (PP-LOC in (NP (NP the production) (PP of (NP consumer goods)))))))))) .)) (TOP (NP-TTL Trial and Terror)) (TOP (S (PP-TMP At (NP times)) (NP-SBJ-3 I) (VP sequester (NP my mind) (SBAR-TMP (WHADVP When) (S (NP-SBJ I) (VP must (VP think (PP-CLR with (NP precision)))))) , (S-ADV (NP-SBJ-2 *-3) (ADJP-PRD Detached (PP-CLR from (NP all other thoughts))) (SBAR-TMP While (S (NP-SBJ-1 *-2) (VP trying (S (NP-SBJ *-1) (VP to (VP reach (NP a decision))))))))) .)) (TOP (S (S But (ADVP-TMP often) (NP-SBJ nothing) (VP 's (ADJP-PRD resolved) , (PP To (NP my frustration and fury)))) : (S (SBAR With (S (NP-SBJ pros and cons) (PP-PRD in (NP limbo)))) , (NP-SBJ I) (VP feel (PP-CLR like (NP a hung jury)))) .)) (TOP (NP -- Arnold J. Zarett .)) (TOP (NP-TTL Daffynition)) (TOP (FRAG (NP (NP Rodeo applause) : (NP broncs cheer) .))) (TOP (NP -- Marvin Alisky .)) (TOP (S (S (NP-SBJ-1 Ocean Drilling & Exploration Co.) (VP will (VP sell (NP its contract-drilling business)))) , and (S (NP-SBJ *-1) (VP took (NP (NP a (ADJP (QP $ 50.9 million) *U*) loss) (PP from (NP discontinued operations))) (PP-TMP in (NP the third quarter)) (PP-PRP because of (NP the planned sale)))) .)) (TOP (S (NP-SBJ The New Orleans oil and gas exploration and diving operations company) (VP added (SBAR that (S (NP-SBJ it) (VP does n't (VP expect (NP any further adverse financial impact) (PP-CLR from (NP the restructuring))))))) .)) (TOP (S (PP-TMP In (NP the third quarter)) , (NP-SBJ (NP the company) , (SBAR (WHNP-34 which) (S (NP-SBJ-1 *T*-34) (VP is (VP 61%-owned (NP *-1) (PP by (NP-LGS (NP Murphy Oil Corp.) (PP of (NP Arkansas)))))))) ,) (VP had (NP (NP (NP a net loss) (PP of (NP (NP (QP $ 46.9 million) *U*) , or (NP (NP 91 cents) (NP-ADV a share))))) , (PP compared (PP with (NP (NP (NP a restated loss) (PP of (NP (NP (QP $ 9 million) *U*) , or (NP (NP 18 cents) (NP-ADV a share)) ,))) (ADVP-TMP (NP a year) ago)))))) .)) (TOP (S (NP-SBJ The latest period) (VP had (NP (NP profit) (PP-CLR from (NP (NP continuing operations))) (PP of (NP (QP $ 4 million) *U*)))) .)) (TOP (S (NP-SBJ Revenue) (VP gained (NP-EXT 13 %) (PP-DIR to (NP (QP $ 77.3 million) *U*)) (PP-DIR from (NP (QP $ 68.5 million) *U*))) .)) (TOP (S (NP-SBJ Ocean Drilling) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP offer (NP (NP (QP 15 % to 20 %) *U*) (PP of (NP the contract-drilling business))) (PP-MNR through (NP (NP an initial public offering) (PP-TMP *PPA*-1))) (PP-TMP-1 in (NP the near future))))))) .)) (TOP (S (NP-SBJ-2 (NP It) (SBAR *EXP*-1)) (VP has (ADVP-TMP long) (VP been (VP rumored (NP *-2) (SBAR-1 that (S (NP-SBJ Ocean Drilling) (VP would (VP sell (NP the unit) (S-PRP (NP-SBJ *) (VP to (VP concentrate (PP-LOC-CLR on (NP its core oil and gas business)))))))))))) .)) (TOP (S (NP-SBJ Ocean Drilling) (VP said (SBAR 0 (S (NP-SBJ it) (VP wo n't (VP hold (NP (NP any shares) (PP of (NP the new company))) (PP-TMP after (NP the restructuring))))))) .)) (TOP (S (PP-TMP After (NP (NP 20 years) (PP of (S-NOM (NP-SBJ *) (VP pushing (NP (NP labor proposals) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP overhaul (NP (NP the nation 's) health-care system))))))))))) , (NP-SBJ (NP Bert Seidman) (PP of (NP the AFL-CIO))) (VP is (VP finding (NP (NP interest) (PP from (NP (NP an unlikely quarter) : (NP big business)))))) .)) (TOP (S (NP-SBJ-1 (NP Corporate leaders) , (VP frustrated (NP *) (PP by (NP-LGS (NP double-digit increases) (PP-LOC in (NP health-care costs))))) ,) (VP are (VP beginning (S (NP-SBJ *-1) (VP to (VP sound (PP-CLR like (NP liberal Democrats))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ Failure (S (NP-SBJ *) (VP to (VP check (NP rising medical costs))))) (ADVP ultimately) (VP could `` (VP lead (S (NP-SBJ (NP some) (PP of (NP (NP us) (SBAR (WHNP-1 who) (S (NP-TMP today) (NP-SBJ *T*-1) (VP are (NP-PRD free-market advocates))))))) (VP to (VP re-examine (NP (NP our thinking and positions) (PP with (NP (NP respect) (PP to (NP government-sponsored national health insurance))))))))))) , '' (NP-SBJ (NP Arthur Puccini) , (NP a General Electric Co. vice president) ,) (VP warned (SBAR 0 (S *T*-3)) (NP-TMP (ADVP earlier) this year)) .)) (TOP (S (NP-SBJ (NP The pocketbook impact) (PP of (NP health benefits))) (VP has (VP driven (NP business and labor) (PP-DIR to (NP a surprising consensus)))) .)) (TOP (S (NP-SBJ Both (NP the AFL-CIO) and (NP (NP the National Association) (PP of (NP Manufacturers)))) (VP are (VP calling (PP-CLR for (NP (NP measures) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP (VP control (NP rising costs)) , (VP improve (NP quality)) and (VP provide (NP care) (PP-CLR to (NP (NP the (QP 31 million) Americans) (SBAR (WHNP-35 who) (S (ADVP-TMP currently) (NP-SBJ *T*-35) (VP lack (NP health insurance))))))))))))))) .)) (TOP (S (S (NP-SBJ (NP Agreement) (PP-LOC on (NP these points))) (VP is (NP-PRD (NP a long way) (PP from (NP a specific program))))) , and (S (NP-SBJ nobody) (VP expects (S (NP-SBJ the U.S.) (VP to (VP rush (PP-DIR toward (NP (NP radical restructuring) (PP of (NP the health-care system))))))))) .)) (TOP (S But (NP-SBJ there) (VP are (NP-PRD signs (SBAR that (S (NP-SBJ labor-management cooperation) (VP could (VP change (NP (NP (NP the politics) (PP of (NP health-care legislation))) and (NP (NP the economics) (PP of (NP medicine)))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP ca n't (VP remember (NP (NP a time) (SBAR (WHADVP-3 when) (S (NP-SBJ virtually everyone) (VP can (VP agree (PP-CLR on (SBAR-NOM (WHNP-1 what) (S (NP-SBJ the problem) (VP is (NP-PRD *T*-1))))) (ADVP-TMP *T*-3))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Seidman) , (SBAR (WHNP-36 who) (S (NP-SBJ *T*-36) (VP heads (NP (NP (NP the AFL-CIO 's) department) (VP dealing (PP-CLR with (NP health matters)))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ the Bush administration) (VP is n't (VP taking (NP the initiative) (PP on (NP health issues)))))) , (NP-SBJ business executives) (VP are (VP dealing (PP-CLR with (NP (NP congressional Democrats) (SBAR (WHNP-37 who) (S (NP-SBJ *T*-37) (VP champion (NP health-care revision)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 (NP Business) (PP-LOC across (NP the country))) (VP is (VP spending (NP more time) (S (NP-SBJ *-2) (VP addressing (NP this issue)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Sen. Edward Kennedy) (PRN -LRB- (NP D.) , (NP-LOC Mass .) -RRB-)) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD a bottom-line issue)) . '')) (TOP (S (NP-SBJ Business) (VP complained (NP-TMP (ADVP earlier) this year) (SBAR (WHADVP-1 when) (S (NP-SBJ Sen. Kennedy) (VP introduced (NP (NP a bill) (SBAR (WHNP-38 that) (S (NP-SBJ *T*-38) (VP (VP would (VP require (S (NP-SBJ employers) (VP to (VP provide (NP (NP a minimum level) (PP of (NP health insurance))) (PP-CLR to (NP workers))))))) but (VP does n't (VP contain (NP cost-control measures))))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (PP (ADVP Partly) in (NP response)) , (NP-SBJ (NP a bipartisan group) (PP of (NP (NP senators) (PP from (NP the finance and labor committees))))) (VP is (VP drafting (NP (NP a plan) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP attract (NP broader support)))))))) .)) (TOP (S (NP-SBJ It) (VP will (VP feature (NP (NP a cost-containment provision) (VP designed (NP *) (SBAR-PRP (S (NP-SBJ *) (VP to (VP keep (NP-1 expanded benefits) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP fueling (NP higher care prices)))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (PP-PRD At (NP (NP 11.1 %) (PP of (NP gross national product))))) , (NP-SBJ-1 U.S. health costs) (ADVP-TMP already) (VP are (NP-PRD (NP the highest) (PP-LOC in (NP the world)))) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ Japan 's) (VP equal (NP (NP 6.7 %) (PP of (NP (NP GNP) , (NP (NP (NP a nation 's) total output) (PP of (NP goods and services))))))) .)) (TOP (S (NP-SBJ Management and labor) (VP worry (SBAR that (S (NP-SBJ the gap) (VP makes (S (NP-SBJ U.S. companies) (ADJP-PRD less competitive)))))) .)) (TOP (S (NP-SBJ Chrysler Corp.) (VP estimates (SBAR that (S (NP-SBJ health costs) (VP add (NP (NP $ 700 *U*) (ADJP *ICH*-1)) (PP to (NP (NP the price) (PP of (NP (NP each) (PP of (NP its cars)))))) , (ADJP-1 (NP (QP about $ 300 to $ 500) *U* more) (PP per (NP car)) (SBAR than (S (NP-SBJ foreign competitors) (VP pay (PP-CLR for (NP health)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The cost) (PP of (NP health care))) (VP is (VP (VP eroding (NP (NP standards) (PP of (NP living)))) and (VP sapping (NP industrial strength))))) , '' (VP complains (S *T*-1)) (NP-SBJ (NP Walter Maher) , (NP a Chrysler health-and-benefits specialist)) .)) (TOP (S (NP-SBJ Labor) (VP is (ADJP-PRD upset) (SBAR-PRP because (S (NP-SBJ many companies) (VP are (VP using (NP higher (NX (NX employee insurance premiums) , (NX deductibles) and (NX co-payments))) (S-CLR (NP-SBJ *) (VP to (VP deflect (NP surging medical costs) (PP-DIR to (NP workers)))))))))) .)) (TOP (S (NP-SBJ Health benefits) (VP are (NP-PRD contentious issues) (PP-LOC in (NP (NP the strikes) (PP against (NP (NP Pittston Co.) and (NP Nynex Corp)))))) .)) (TOP (S (PP-LOC In (NP their new contract)) (NP-TMP this year) , (NP-SBJ-1 (NP American Telephone & Telegraph Co.) and (NP (NP the Communications Workers) (PP of (NP America)))) (VP agreed (S (NP-SBJ *-1) (VP to (VP look (PP-CLR for `` (NP (NP (ADJP prompt and lasting) national solutions) '' (PP to (NP rising health-care costs)))))))) .)) (TOP (S (NP-SBJ Some analysts) (VP are (ADJP-PRD cynical (PP about (NP (NP the new corporate interest) (PP-LOC in (NP health-care overhaul)))))) .)) (TOP (S (NP-SBJ (NP Carl Schramm) , (NP (NP president) (PP of (NP (NP the Health Insurance Association) (PP of (NP America))))) ,) (VP scoffs (PP-CLR at `` (NP (NP capitalists) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP want (S (NP-SBJ *-2) (VP to (VP socialize (NP (NP the entire financing system) '' (PP for (NP health)))))))))))) .)) (TOP (S (S-TPC-1 `` (S (NP-SBJ They) (VP hope (SBAR 0 (S (NP-SBJ they) (VP can (VP buy (NP some government cost discipline))))))) , '' but (S (NP-SBJ this) (VP is (NP-PRD a false hope)))) , (NP-SBJ Mr. Schramm) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP asserts (SBAR that (S (NP-SBJ government) (VP has (VP done (NP (NP an (ADJP even worse) job) (PP of (S-NOM (NP-SBJ *) (VP controlling (NP its health bill)))) (SBAR than (S (NP-SBJ business) (VP *?*))))))))) .)) (TOP (S (ADVP So far) (NP-SBJ-1 neither (NP the Bush administration) nor (NP Congress)) (VP is (ADJP-PRD prepared (S (NP-SBJ *-1) (VP to (VP lead (NP (NP the way) (PP toward (S-NOM (NP-SBJ *) (VP revamping (NP health care)))))))))) .)) (TOP (S (NP-SBJ The administration) (VP lacks (NP a comprehensive health-care policy)) .)) (TOP (S (NP-SBJ-1 Congress) (ADVP-TMP still) (VP is (VP struggling (S (NP-SBJ *-1) (VP to (VP dismantle (NP (NP the unpopular Catastrophic Care Act) (PP of (NP 1988)) , (SBAR (WHNP-39 which) (S (S (NP-SBJ-2 *T*-39) (VP boosted (NP (NP benefits) (PP for (NP the elderly))))) and (S (NP-SBJ-3 *-2) (VP taxed (NP them) (S-PRP (NP-SBJ *-3) (VP to (VP pay (PP-CLR for (NP the new coverage))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP A bipartisan commission) (VP (VP established (NP *) (PP by (NP-LGS Congress))) and (VP headed (NP *) (PP by (NP-LGS (NP Sen. John Rockefeller) (PRN -LRB- (NP D.) , (NP-LOC W.Va .) -RRB-)))))) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP present (NP (NP new plans) (PP for (S-NOM (NP-SBJ *) (VP dealing (PP-CLR with (NP (NP the uninsured) and (NP (NP long-term care) (PP for (NP the elderly))))))))) (PP-TMP by (NP next March 1))))))) .)) (TOP (S (NP-SBJ (NP A quadrennial commission) (VP appointed (NP *) (PP by (NP-LGS (UCP Health and Human Services) Secretary Louis Sullivan)))) (VP is (VP taking (NP (NP a broad look) (PP at (NP (NP the economics) (PP of (NP (NP (NP Medicare) (PP for (NP the elderly))) , (NP (NP Medicaid) (PP for (NP the poor))) and (NP (NP the health system) (PP in (NP general)))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP report (NP-TMP next summer)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 No magic bullet) (VP will (VP be (VP discovered (NP *-1) (NP-TMP (NP next year) , (NP an election year)))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Rep. Fortney Stark) (PRN -LRB- (NP D.) , (NP-LOC Calif .) -RRB-)))) (TOP (S But (NP-SBJ 1991) (VP could (VP be (NP-PRD (NP a window) (PP for (NP action))))) .)) (TOP (S (NP-SBJ (NP The pressure) (PP for (NP change))) (VP will (VP rise (PP with (NP costs)))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-1 employers) (VP are (ADVP really) (VP going (S (NP-SBJ *-1) (VP to (VP be (NP-PRD the ones) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP push (PP-CLR for (NP major change))))))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Sharon Canner) , (NP (NP a health expert) (PP-LOC at (NP NAM)))) .)) (TOP (S (NP-SBJ-1 Any major attempt (S (NP-SBJ *) (VP to (VP revamp (NP the health-care system))))) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP trigger (NP (NP opposition) (PP (PP from (NP (NP (ADJP politically powerful) interest groups) , (ADVP particularly) (NP the American Medical Association) ,)) and (ADVP perhaps) (PP from (NP the public)) (ADVP as well))))))) , (SBAR-ADV if (S (NP-SBJ Congress) (VP takes (NP (NP steps) (SBAR (WHNP-2 that) (S (NP-SBJ patients) (VP fear (SBAR 0 (S (NP-SBJ *T*-2) (VP will (VP limit (NP (NP the availability) (PP of (NP care))))))))))))))) .)) (TOP (S (NP-SBJ The NAM) (VP embraces (NP (NP efforts (S *ICH*-2)) , (SBAR (WHNP-1 which) (S (NP-SBJ both (NP the administration) and (NP the medical profession)) (VP have (VP begun (NP *T*-1))))) , (S-2 (S (NP-SBJ *) (VP to (VP measure (NP (NP the effectiveness) (PP of (NP medical treatments)))))) and (ADVP then) (S (NP-SBJ *) (VP to (VP draft (NP medical-practice guidelines))))))) .)) (TOP (S (NP-SBJ Advocates) (VP hope (SBAR that (S (NP-SBJ-1 such standards) (VP will (VP improve (NP treatment) (SBAR-TMP while (S (NP-SBJ *-1) (VP limiting (NP unnecessary (NX (NX tests) and (NX medical procedures))))))))))) .)) (TOP (S (NP-SBJ HHS Secretary Sullivan) (VP estimates (SBAR that (S (NP-SBJ (NP (QP as much as 25) %) (PP of (NP (NP the medical procedures) (VP performed (NP *) (NP-TMP each year))))) (VP may (VP be (ADJP-PRD inappropriate or unnecessary)))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Limiting (NP care))) (VP wo n't (VP be (ADJP-PRD easy or popular))) .)) (TOP (S `` (S-TPC-2 (S-PRP (NP-SBJ *) (VP To (VP slow (NP (NP the rise) (PP-LOC in (NP total spending)))))) , (NP-SBJ (NP it) (S *ICH*-1)) (VP will (VP be (ADJP-PRD necessary) (S-1 (NP-SBJ *) (VP to (VP reduce (NP (NP per-capita use) (PP of (NP services))))))))) , '' (NP-SBJ the NAM) (VP warns (S *T*-2) (PP-LOC in (NP a policy statement))) .)) (TOP (S (NP-SBJ This) (VP will `` (VP require (S (NP-SBJ us) (VP to (VP define -- and redefine -- (SBAR (WHNP-40 what) (S (NP-SBJ *T*-40) (VP is (NP-PRD (ADJP ` necessary ' or ` appropriate ') care))))))))) .)) (TOP (S (S (NP-SBJ This) (VP involves (NP trade-offs))) and (S (NP-SBJ -LCB- it -RCB-) (VP cuts (PP against (NP (NP the grain) (PP of (NP (NP existing consumer and even provider conceptions) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP is ` (ADJP-PRD necessary))))))))))) . ' '')) (TOP (S (NP-SBJ The AFL-CIO) (ADVP also) (VP embraces (NP treatment guidelines)) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ it) (VP 's (VP toying (PP-CLR with (NP (NP an approach) (SBAR (WHNP-41 that) (S (NP-SBJ *T*-41) (VP would (VP impose (NP health-expenditure ceilings or budgets) (PP-LOC-CLR (PP on (NP (NP the government) (PP as (NP a whole)))) and (PP on (NP individual states))) (PP as (NP (NP a way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP slow (NP health-care spending) (ADVP-MNR *T*-1))))))))))))))) .)) (TOP (S (PP-LOC At (NP (NP a meeting) (ADVP-LOC here) (PP-TMP on (NP Nov. 15)))) , (NP-SBJ-1 the labor federation) (VP plans (S (NP-SBJ *-1) (VP to (VP launch (NP a major effort (S (NP-SBJ *) (VP to (VP build (NP (NP grass-roots support) (PP for (NP health-care overhaul))))))))))) .)) (TOP (S (NP-SBJ Stelco Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP shut (PRT down) (NP three Toronto-area plants) , (S-ADV (NP-SBJ *-1) (VP moving (NP their fastener operations) (PP-DIR to (NP (NP a leased facility) (PP-LOC in (NP (NP Brantford) , (NP Ontario)))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ the fastener business) `` (VP has (VP been (PP-PRD under (NP severe cost pressures)) (PP-TMP for (NP some time))))))) . '')) (TOP (S (NP-SBJ-1 The fasteners , nuts and bolts ,) (VP are (VP sold (NP *-1) (PP-CLR to (NP the (ADJP North American) auto market)))) .)) (TOP (S (NP-SBJ-1 A company spokesman) (VP declined (S (NP-SBJ *-1) (VP to (VP estimate (NP (NP the impact) (PP of (NP the closures)) (PP-LOC on (NP earnings))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the new facility) (VP will (VP employ (NP (NP 500) (PP of (NP the existing 600 employees)))))))) .)) (TOP (S (NP-SBJ The steelmaker) (VP employs (NP (QP about 16,000) people)) .)) (TOP (S (NP-SBJ Stelco) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP (VP has (NP an option (S (NP-SBJ *) (VP to (VP lease (NP (NP a 350,000-square-foot building) (PP-LOC in (NP Brantford)))))))) and (VP proposes (S (NP-SBJ *-1) (VP to (VP spend (NP (NP (QP 24.5 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 20.9 million) *U*) -RRB-)) (PP-CLR on (NP the facility)))))))))) .)) (TOP (S (NP-SBJ-1 (NP The three existing plants) and (NP their land)) (VP will (VP be (VP sold (NP *-1)))) .)) (TOP (S (NP-SBJ First Security Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (ADVP-MNR tentatively) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP Deseret Bancorp.) (PP-CLR for (NP (NP stock) (VP valued (NP *) (PP-CLR at (NP (QP about $ 18 million) *U*)))))))))))) .)) (TOP (S (NP-SBJ Terms) (VP call (SBAR for (S (NP-SBJ First Security) (VP to (VP issue (NP (NP (NP (QP about 0.55) share) (PP of (NP its stock)) (PP for (NP (NP each Deseret share) (VP held (NP *))))) , or (NP (NP a total) (PP of (NP (QP about 550,000) First Security shares))))))))) .)) (TOP (S (NP-SBJ It) (VP has (NP (NP (QP about 12.3 million) shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ (NP Deseret) , (PP with (NP (NP (QP about $ 100 million) *U*) (PP in (NP assets)))) ,) (VP is (NP-PRD (NP the parent) (PP of (NP (NP the Deseret Bank) , (SBAR (WHNP-42 which) (S (NP-SBJ *T*-42) (VP has (NP six offices and headquarters) (PP-LOC at (NP (NP Pleasant Grove) , (NP Utah)))))))))) .)) (TOP (S (NP-SBJ The purchase price) (VP is (ADJP-PRD equal (PP to (NP (QP about 1.65 times) (NP Deseret 's) (ADJP (QP roughly $ 10.7 million) *U*) (NX (NX book value) , or (NX (NP assets) (PP less (NP liabilities)))) )))) .)) (TOP (S (NP-SBJ (NP (ADJP Salt Lake City-based) First Security) , (PP with (NP (NP (QP $ 5.4 billion) *U*) (PP in (NP assets)))) ,) (VP said (SBAR (SBAR 0 (S (NP-SBJ the agreement) (VP is (ADJP-PRD subject (PP to (NP shareholder and regulatory approval)))))) , and (SBAR that (S (NP-SBJ-1 it) (VP hopes (S (NP-SBJ *-1) (VP to (VP complete (NP the transaction) (NP-TMP early next year))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Georgia-Pacific Corp. 's) unsolicited (ADJP (QP $ 3.19 billion) *U*) bid) (PP for (NP Great Northern Nekoosa Corp.))) (VP was (VP hailed (NP *-1) (PP by (NP-LGS Wall Street)) (PP despite (NP (NP a cool reception) (PP by (NP-LGS the target company)))))) .)) (TOP (S (NP-SBJ (NP William R. Laidig) , (NP (NP Nekoosa 's) (NX (NX chairman) , (NX chief executive officer) and (NX president))) ,) (VP (VP characterized (NP the (ADJP $ 58-a-share *U*) bid ) (PP-CLR as (ADJP `` uninvited ''))) and (VP said (SBAR 0 (S (NP-SBJ (NP Nekoosa 's) board) (VP would (VP consider (NP the offer) `` (PP in (NP due course)))))))) . '')) (TOP (S (NP-SBJ (NP T. Marshall Hahn Jr.) , (NP (NP Georgia-Pacific 's) (NX (NX chairman) and (NX chief executive))) ,) (VP said (PP-LOC in (NP an interview)) (SBAR that (S (NP-SBJ (NP all terms) (PP of (NP the offer))) (VP are (ADJP-PRD negotiable))))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ he) (VP had (VP spoken (PP-CLR with (NP (NP Mr. Laidig) , (SBAR (WHNP-1 whom) (S (NP-SBJ he) (VP referred (PP-CLR to (NP *T*-1)) (PP-CLR as (NP a friend))))) ,)) (PP-MNR by (NP telephone)) (NP-TMP Monday evening)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 'm (ADJP-PRD hopeful (SBAR that (S (NP-SBJ we) (VP 'll (VP have (NP further discussions)))))))) , '' (NP-SBJ Mr. Hahn) (VP said (S *T*-1)) .)) (TOP (S (PP-LOC On (NP Wall Street)) , (NP-SBJ-1 takeover stock traders) (VP bid (NP (NP Nekoosa 's) stock) (PP-LOC-CLR (ADVP well) above (NP the Georgia-Pacific bid)) , (S-ADV (NP-SBJ *-1) (VP assuming (SBAR that (S (NP-SBJ-2 Nekoosa 's) (VP will (VP either be (VP sold (NP *-2) (PP-DTV (PP to (NP a rival bidder)) or (PP to (NP Georgia-Pacific))) (PP-CLR at (NP (NP a higher price) -- (NP (NP (QP as much as $ 75) *U*) (NP-ADV a share) , (PP according (PP to (NP some estimates)))))))))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ Nekoosa common) (VP closed (PP-LOC in (NP composite New York Stock Exchange trading)) (PP-CLR at (NP $ 62.875 *U*)) , (ADVP up (NP-ADV $ 20.125 *U*)) , (PP-LOC on (NP (NP volume) (PP of (NP (QP almost 6.3 million) shares))))) .)) (TOP (S (NP-SBJ Georgia-Pacific) (VP closed (ADVP-CLR down (NP-ADV $ 2.50 *U*)) , (PP at (NP $ 50.875 *U*)) (PP-LOC in (NP Big Board trading))) .)) (TOP (S (NP-SBJ Takeover stock traders) (VP noted (SBAR that (S (SBAR with (S (NP-SBJ the junk-bond market) (PP-PRD in (NP disarray)))) , (NP-SBJ (NP Georgia-Pacific 's) bid) (VP is (NP-PRD (NP an indication) (PP of (SBAR-NOM (WHADVP-1 where) (S (NP-SBJ the takeover game) (VP is (VP headed (ADVP (ADVP *T*-1) : (ADVP namely) , (S (S (NP-SBJ-2 industrial companies) (VP can (VP continue (S (NP-SBJ *-2) (VP bidding (PP-CLR for (NP one another))))))) , but (S (NP-SBJ (NP financial buyers) (PP such as (NP leveraged buy-out firms))) (VP will (VP be (PP-PRD at (NP a disadvantage)) (PP in (S-NOM (NP-SBJ *) (VP obtaining (NP financing))))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (FRAG (NP (NP The way) (SBAR (WHADVP-2 0) (S (NP-SBJ the world) (VP is (VP shaping (PRT up) (ADVP-MNR *T*-2))))))) , (S (NP-SBJ-3 the strategic buyer) (VP is (VP going (S (NP-SBJ *-3) (VP to (VP be (NP-PRD the rule))))))) and (S (NP-SBJ-4 the financial buyer) (VP is (VP going (S (NP-SBJ *-4) (VP to (VP be (NP-PRD the exception)))))))) , '' (VP said (S *T*-1)) (NP-SBJ one trader) .)) (TOP (S (PP For (NP the paper industry)) (ADVP specifically) , (NP-SBJ most analysts) (VP said (SBAR 0 (S (NP-SBJ the deal) (VP will (VP spur (NP (NP a wave) (PP of (NP (NP paper-company takeovers) , (VP (ADVP possibly) involving (NP (NP such companies) (PP as (NP (NP Union Camp Corp.) , (NP Federal Paperboard Co.) and (NP Mead Corp))))))))))))) .)) (TOP (S (NP-SBJ The analysts) (VP argued (SBAR that (S (NP-SBJ (NP (NP Georgia-Pacific 's) offer) , (NP (NP the first hostile bid) (ADVP ever) (PP-LOC among (NP (NP major players) (PP-LOC in (NP the paper industry))))) ,) (VP (VP ends (NP-LOC (NP the unwritten taboo) (PP on (NP hostile bids)))) , and (VP will (VP push (S (NP-SBJ managements) (VP to (VP look (ADVP-MNR closely) (PP-CLR at (NP (NP the industry 's) several attractive takeover candidates))))))))))) .)) (TOP (S `` (NP-SBJ Consolidation) (VP has (VP been (ADVP-TMP long) (ADJP-PRD overdue))) .)) (TOP (S-CLF (NP-SBJ It) (VP was (ADVP just) (NP-PRD (NP the culture) (PP of (NP the industry))) (SBAR (WHNP-43 that) (S (NP-SBJ *T*-43) (VP kept (NP-1 it) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP happening))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The Georgia-Pacific offer) (VP has (ADVP definitely) (VP changed (NP the landscape)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Gary Palmero) (PP of (NP Oppenheimer & Co))) .)) (TOP (SINV (VP Added (S *T*-1)) (NP-SBJ (NP Mark Rogers) (PP of (NP Prudential-Bache Securities Inc.))) : `` (S-1 (NP-SBJ (NP It) (S *EXP*-2)) (VP 's (ADJP-PRD much easier) (S-2 (NP-SBJ *) (VP to (VP be (ADJP-PRD second)))))) . '')) (TOP (S (NP-SBJ (NP A Georgia-Pacific acquisition) (PP of (NP Nekoosa))) (VP would (VP create (NP the largest U.S. forest-products company))) .)) (TOP (S (PP Based (PP-CLR on (NP 1988 sales))) , (NP-SBJ (NP Georgia-Pacific) (PP *ICH*-1)) (VP ranked (ADVP third) (PP-CLR-1 at (NP (QP $ 9.51 billion) *U*)) , (PP-LOC behind (NP (NP (NP Weyerhaeuser Co.) (PP-LOC at (NP (QP $ 10 billion) *U*))) and (NP (NP International Paper Co.) (PP-LOC at (NP (QP $ 9.53 billion) *U*)))))) .)) (TOP (S (NP-SBJ (NP Nekoosa) (PP *ICH*-1)) (VP ranked (ADVP 11th) (PP-1 with (NP (NP sales) (PP of (NP (QP $ 3.59 billion) *U*))))) .)) (TOP (S (NP-SBJ The combined company) (VP would (VP have (VP had (NP (NP 1988 sales) (PP of (NP (QP $ 13.1 billion) *U*)))))) .)) (TOP (S But (NP-SBJ such a combination) (ADVP also) (VP presents (NP great risks)) .)) (TOP (S (PP-TMP At (NP (NP a time) (SBAR (WHADVP-1 when) (S (NP-SBJ most (NX (NX analysts) and (NX industry consultants))) (VP say (SBAR 0 (S (NP-SBJ pulp and paper prices) (VP are (VP heading (PP-DIR for (NP a dive)))))) (ADVP-TMP *T*-1)))))) , (S-NOM-SBJ (NP-SBJ *) (VP adding (NP capacity and debt))) (VP could (VP squeeze (NP Georgia-Pacific) (SBAR-ADV if (S (NP-SBJ the industry) (VP declines (NP (NP more) (SBAR than (S (NP-SBJ the company) (VP expects))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ (NP any unexpected strengthening) (PP of (NP the dollar))) (VP would (VP hurt (NP Georgia-Pacific) (SBAR-PRP because (S (NP-SBJ-2 (NP (NP two) (PP of (NP (NP Nekoosa 's) major product lines))) -- (NP (NP (NP containerboard) , (SBAR (WHNP-44 which) (S (NP-SBJ-1 *T*-44) (VP is (VP used (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP make (NP shipping boxes))))))))) , and (NP market pulp)) --) (VP are (VP exported (NP *-2) (PP-MNR in (NP large quantities)))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ Nobody) (VP knows (SBAR (WHADJP-1 how deep) (S (NP-SBJ-2 the cycle) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD *T*-1)))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Rod Young) , (NP (NP vice president) (PP of (NP (NP Resource Information Systems Inc.) , (NP a (NAC-LOC Bedford , Mass. ,) economic-forecasting firm))))) .)) (TOP (S `` (PP Depending (PP on (SBAR (WHADVP-1 how far down) (S (NP-SBJ you) (VP go (ADVP-DIR *T*-1)))))) , (NP-SBJ (NP it) (S *EXP*-2)) (VP may (VP be (ADJP-PRD difficult) (S-2 (NP-SBJ *) (VP to (VP pay (PRT off) (NP that debt)))))) . '')) (TOP (S (NP-SBJ (NP One person) (ADJP familiar (PP with (NP Georgia-Pacific)))) (VP said (SBAR 0 (S (NP-SBJ the acquisition) (VP would (VP (ADVP more than) double (NP (NP (NP the company 's) debt) (PP of (NP (QP almost $ 3 billion) *U*)))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP could (VP be (NP-PRD (NP a drag) (PP-LOC on (NP Georgia-Pacific earnings))) (SBAR-PRP because (S (NP-SBJ-2 (NP (NP the (QP roughly $ 1.5 billion) *U*) (PP in (NP goodwill))) (PRN -- (NP (NP the amount) (SBAR (WHPP-1 by (WHNP which)) (S (NP-SBJ the bid) (VP exceeds (NP (NP (NP Nekoosa 's) book value) (PP of (NP (QP $ 1.5 billion) *U*))) (PP *T*-1))))) --)) (VP will (VP have (S (NP-SBJ-3 *-2) (VP to (VP be (VP subtracted (NP *-3) (PP-CLR from (NP earnings)) (PP-TMP over (NP (NP a period) (PP of (NP decades)))))))))))))) .)) (TOP (S (NP-SBJ (NP Georgia-Pacific 's) Mr. Hahn) (VP said (SBAR that (S (NP-SBJ a combined operation) (VP would (VP allow (NP savings) (PP-MNR in (NP many ways))))))) .)) (TOP (S (NP-SBJ (NP The two companies) (NP each)) (VP produce (NP (NP market pulp) , (NP containerboard) and (NP white paper))) .)) (TOP (S (S-TPC-2 (NP-SBJ That) (VP means (SBAR 0 (S (NP-SBJ-1 goods) (VP could (VP be (VP manufactured (NP *-1) (ADVP closer (PP to (NP customers))) , (S-ADV (NP-SBJ *) (VP saving (NP shipping costs)))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ production runs) (VP would (VP be (ADJP-PRD longer) , (S-ADV (NP-SBJ *) (VP cutting (NP inefficiencies) (PP-CLR from (S-NOM (NP-SBJ *) (VP adjusting (NP machinery) (PP-TMP between (NP production cycles))))))))) .)) (TOP (S And (NP-SBJ Georgia-Pacific) (VP could (VP save (NP money) (PP in (S-NOM (NP-SBJ *) (VP selling (NP pulp)))) , (SBAR-PRP because (S (NP-SBJ the company) (VP uses (NP its own sales organization) (SBAR-ADV while (S (NP-SBJ Nekoosa) (VP employs (NP higher-cost agents))))))))) .)) (TOP (S (NP-SBJ Mr. Hahn) (VP said (SBAR 0 (S (NP-SBJ Georgia-Pacific) (VP has (VP accounted (PP-LOC in (NP its strategy)) (PP for (NP (NP (NP a `` significant downturn '') (PP-LOC in (NP the pulp and paper industry))) , (NP (NP an event) (SBAR (WHNP-1 that) (S (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ *T*-1) (VP would (ADVP-TMP temporarily) (VP dilute (NP earnings)))))))))))))))) .)) (TOP (S But (NP-SBJ he) (VP said (SBAR that (S (PP-LOC (ADVP even) under (NP those conditions)) , (NP-SBJ the company) (ADVP-TMP still) (VP would (VP realize (NP (NP a savings) (PP of (NP (NP tens) (PP of (NP (NP millions) (PP of (NP dollars))))))) (PP-TMP in (NP (NP the first year) (PP-TMP following (NP a merger))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ The fit) (VP is (ADJP-PRD so good))) , (S (NP-SBJ we) (VP see (NP this) (PP as (NP (NP a time) (PP of (NP opportunity))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Georgia-Pacific) , (SBAR (WHNP-45 which) (S (NP-SBJ *T*-45) (VP has (VP suspended (NP its stock-repurchase program))))) ,) (VP would (VP finance (NP the acquisition) (PP-CLR with (NP (NP all bank debt) , (VP provided (NP *) (PP by (NP-LGS (NP banks) (VP led (NP *) (PP by (NP-LGS BankAmerica Corp)))))))))) .)) (TOP (S (S (NP-SBJ-1 Georgia-Pacific) (VP owns (NP 349,900 Nekoosa shares))) and (S (NP-SBJ *-1) (VP would (VP need (NP federal antitrust clearance) (S-PRP (NP-SBJ *) (VP to (VP buy (NP (NP (QP more than $ 15 million) *U*) worth))))))) .)) (TOP (S (NP-SBJ-1 U.S. clearance) (ADVP also) (VP is (VP needed (NP *-1) (PP-PRP for (NP the proposed acquisition)))) .)) (TOP (S (PP For (NP Nekoosa)) , (NP-SBJ-1 defense options) (VP may (VP be (VP undercut (NP *-1) (ADVP somewhat) (PP by (NP-LGS (NP the precarious state) (PP of (NP (NP the junk-bond market) , (SBAR (WHNP-46 which) (S (NP-SBJ *T*-46) (VP limits (SBAR (WHADVP-3 how much value) (S (NP-SBJ-2 the target) (VP could (VP reach (ADVP *T*-3) (PP-LOC in (NP a debt-financed recapitalization)))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP (NP The company 's) chairman) , (NP Mr. Laidig) ,) and (NP (NP a group) (PP of (NP advisers)))) (VP met (PP-LOC at (NP (NP the offices) (PP of (NP (NP Wachtel Lipton Rosen & Katz) , (NP (NP a law firm) (VP specializing (PP-LOC-CLR in (NP takeover defense))))))))) .)) (TOP (S (NP-SBJ-1 Nekoosa) (ADVP also) (VP is (VP being (VP advised (NP *-1) (PP by (NP-LGS Goldman , Sachs & Co))))) .)) (TOP (S (NP-SBJ (NP Georgia-Pacific 's) advisers) (VP are (NP-PRD (NP (NP Wasserstein , Perella & Co.) , (SBAR (WHNP-47 which) (S (NP-SBJ-1 *T*-47) (VP stands (S (NP-SBJ *-1) (VP to (VP receive (NP a (ADJP (QP $ 15 million) *U*) fee ) (SBAR-ADV if (S (NP-SBJ the takeover) (VP succeeds)))))))))) , and (NP (NP the law firm) (PP of (NP Shearman & Sterling))))) .)) (TOP (S (NP-SBJ (NP People) (ADJP familiar (PP with (NP Nekoosa)))) (VP said (SBAR 0 (S (NP-SBJ-1 its board) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP meet (PP-TMP before (NP (NP the week) (PP after (NP next)))) (S-PRP (NP-SBJ *-1) (VP to (VP respond (PP-CLR to (NP the bid))))))))))))) .)) (TOP (S (NP-SBJ The board) (VP has (NP (NP 10 business days) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP respond (ADVP-TMP *T*-1))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP (NP (NP the usual array) (PP of (NP defenses))) , (PP including (NP (NP a so-called poison pill) and (NP a staggered board))))))) , (NP-SBJ Nekoosa) (VP has (NP (NP another takeover defense) : (NP (NP a Maine state law) (VP barring (NP-1 hostile bidders) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP merging (NP acquired businesses) (PP-TMP for (NP five years))))))))) .)) (TOP (S (NP-SBJ-1 Nekoosa) (VP is (VP incorporated (NP *-1) (PP-LOC in (NP Maine)))) .)) (TOP (S (NP-SBJ-1 Georgia-Pacific) (VP has (VP filed (NP a lawsuit) (PP-LOC in (NP (NP federal court) (PP-LOC in (NP Maine)))) (S (NP-SBJ *-1) (VP challenging (NP (NP the poison pill) and (NP the Maine merger law)))))) .)) (TOP (S (S (NP-SBJ (NP Nekoosa 's) poison pill) (VP allows (S (NP-SBJ-2 shareholders) (VP to (VP vote (S (NP-SBJ *-2) (VP to (VP rescind (NP it))))))))) , but (S (NP-SBJ-1 Georgia-Pacific) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP pursue (NP such a course) (ADVP-TMP immediately))))) (SBAR-PRP because (S (NP-SBJ that) (VP (VP would (VP take (NP (QP 90 to 120) days))) , and (VP would n't (VP affect (NP (NP the provisions) (PP of (NP the Maine law)))))))))) .)) (TOP (SINV (PP-TPC-1 Among (NP (NP companies) (VP mentioned (NP *) (PP by (NP-LGS analysts)) (PP-CLR as (NP (NP possible counterbidders) (PP for (NP Nekoosa))))))) (VP are (PP-PRD *T*-1)) (NP-SBJ (NP International Paper) , (NP Weyerhaeuser) , (NP Canadian Pacific Ltd.) and (NP MacMillan Bloedel Ltd)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP 'm (ADJP-PRD sure (SBAR 0 (S (NP-SBJ (NP everybody) (ADJP else)) (VP is (VP putting (NP pencil) (PP-PUT to (NP paper))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Kathryn McAuley) , (NP (NP an analyst) (PP with (NP First Manhattan Co)))) .)) (TOP (S (NP-SBJ-1 (NP International Paper) and (NP Weyerhaeuser)) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (S (NP-SBJ-2 Canadian Pacific) (VP could n't (VP be (VP reached (NP *-2) (PP-CLR for (NP comment)))))) , and (S (NP-SBJ MacMillan Bloedel) (VP said (SBAR 0 (S (NP-SBJ it) (VP has n't (NP any plans (S (NP-SBJ *) (VP to (VP make (NP (NP a bid) (PP for (NP Nekoosa)))))))))))) .)) (TOP (S (NP-SBJ-1 Investors) (VP were (ADJP-PRD quick (S (NP-SBJ *-1) (VP to (VP spot (NP (NP other potential takeover candidates) , (SBAR (WHNP-2 (WHNP all) (WHPP of (WHNP which))) (S (NP-SBJ *T*-2) (VP have (NP (NP strong cash flows) and (NP low-cost operations))))))))))) .)) (TOP (SINV (PP-LOC-TPC-1 Among (NP (NP paper company stocks) (SBAR (WHNP-48 that) (S (NP-SBJ *T*-48) (VP rallied (PP-LOC on (NP the Big Board)) (PP-PRP because of (NP the offer))))))) (VP were (PP-PRD *T*-1)) (NP-SBJ (NP (NP Union Camp) , (ADVP up (NP-ADV $ 2.75 *U*) (PP to (NP $ 37.75 *U*)))) , (NP (NP Federal Paperboard) , (ADVP up (NP-ADV $ 1.75 *U*) (PP to (NP $ 27.875 *U*)))) , (NP (NP Mead) , (ADVP up (NP-ADV $ 2.375 *U*) (PP to (NP $ 38.75 *U*)))) , and (NP (NP Temple Inland Inc.) , (ADVP up (NP-ADV $ 3.75 *U*) (PP to (NP $ 62.25 *U*))))) .)) (TOP (S (PP-LOC In (NP over-the-counter national trading)) , (NP-SBJ Bowater Inc.) (VP jumped (NP-EXT $ 1.50 *U*) (PP-DIR to (NP $ 27.50 *U*))) .)) (TOP (S (NP-SBJ Some analysts) (VP argued (SBAR that (S (NP-SBJ there) (VP wo n't (VP be (NP-PRD (NP a flurry) (PP of (NP takeovers))) (SBAR-PRP because (S (NP-SBJ (NP the industry 's) continuing capacity-expansion program) (VP is (VP eating (PRT up) (NP available cash)))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ some analysts) (VP said (SBAR 0 (S (NP-SBJ they) (VP expect (S-2 (NP-SBJ-1 (NP a foreign paper company) (PP with (NP (NP deeper pockets) (PP than (NP Georgia-Pacific))))) (VP to (VP end (PRT up) (S (NP-SBJ *-1) (VP acquiring (NP Nekoosa))) , (S-ADV (NP-SBJ *-2) (VP signaling (PP-DTV to (NP (NP the rest) (PP of (NP the industry)))) (SBAR that (S (NP-SBJ hostile bids) (VP are (ADJP-PRD unproductive))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD a one-time event))) , '' (VP said (S *T*-1)) (NP-SBJ-2 (NP Lawrence Ross) (PP of (NP PaineWebber Inc.))) , (S-ADV (NP-SBJ *-2) (VP referring (PP-CLR to (NP the Georgia-Pacific bid)))) .)) (TOP (S But (NP-SBJ many analysts) (VP believe (SBAR that , (S (PP given (NP (NP (NP the attractiveness) (PP of (NP (NP paper companies ') cash flows))) , (CONJP as well as) (NP (NP the frantic consolidation) (PP of (NP the paper industry)) (PP-LOC in (NP Europe)))) ,) (NP-SBJ there) (VP will (VP be (NP-PRD (NP (QP at least a few more) big hostile bids) (PP for (NP U.S. companies))) (PP-TMP within (NP the next several months))))))) .)) (TOP (S-1 (NP-SBJ The buyers) (PRN , (S (NP-SBJ these analysts) (VP added (SBAR 0 (S *T*-1)))) ,) (VP could (VP be (NP-PRD either (NP foreign (NX *RNR*-2)) or (NP other U.S. (NX *RNR*-2)) (NX-2 concerns)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The Georgia-Pacific bid) (VP may (VP open (NP (NP the door) (PP to (NP (NP a new era) (PP of (NP (NP consolidation) '' (PP-LOC in (NP the paper industry)))))))))) , (VP said (S *T*-1)) (NP-SBJ (NP Mark Devario) (PP of (NP Shearson Lehman Hutton Inc))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ anyone) (VP is (ADVP-TMP now) (ADJP-PRD immune (PP from (NP takeover))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Robert Schneider) (PP of (NP (NP Duff & Phelps Inc.) , (NP-LOC Chicago)))) .)) (TOP (S (NP-SBJ He) (VP added : `` (S (NP-SBJ-1 Every paper company management) (VP has (S (NP-SBJ *-1) (VP to (VP be (VP saying (PP-CLR to (NP itself)) , ` (S (SBAR-TMP Before (S (NP-SBJ someone) (VP comes (PP-CLR after (NP me))))) , (NP-SBJ-2 I) (VP 'm (VP going (S (NP-SBJ *-2) (VP to (VP go (PP-CLR after (NP somebody))))))))))))))) . ' '')) (TOP (S (NP-SBJ (NP Prudential-Bache 's) Mr. Rodgers) (VP said (SBAR 0 (S (NP-SBJ he) (VP does n't (VP see (S (NP-SBJ (NP the industry 's) capacity-expansion program) (VP hindering (NP takeover activity)))))))) .)) (TOP (S-1 (NP-SBJ Several projects) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (VP are (ADVP-TMP still) (PP-LOC-PRD on (NP the drawing board))) .)) (TOP (S (ADVP Moreover) , `` (NP-SBJ (NP it) (S *ICH*-1)) (VP 's (ADJP-PRD (ADJP (NP-ADV a lot) cheaper and quicker) (SBAR *ICH*-2)) (S-1 (NP-SBJ *) (VP to (VP buy (NP a plant)))) (SBAR-2 than (S (NP-SBJ *) (VP to (VP build (NP one)))))) . '')) (TOP (S (ADVP Indeed) , (NP-SBJ (NP a number) (PP of (NP analysts))) (VP said (SBAR that (S (NP-SBJ-1 Japanese paper companies) (VP are (ADJP-PRD hungry (S (NP-SBJ *-1) (VP to (VP acquire (NP additional manufacturing capacity) (PP-LOC (ADVP anywhere) in (NP the world)))))))))) .)) (TOP (S (NP-SBJ Some) (VP predicted (SBAR that (S (NP-SBJ-1 Nekoosa) (VP will (VP end (PRT up) (S (NP-SBJ-2 *-1) (VP being (VP owned (NP *-2) (PP by (NP-LGS a Japanese company)))))))))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ (NP Shearson Lehman 's) Mr. Devario) (VP said (SBAR that , (S (S-PRP (NP-SBJ *-1) (VP to (VP stay (ADJP-PRD competitive)))) , (NP-SBJ-1 the U.S. paper industry) (VP needs (S (NP-SBJ *-1) (VP to (VP catch (PRT up ) (PP-CLR with (NP the European industry))))))))) .)) (TOP (S (S-TPC-1 (SBAR-TMP Since (S (NP-SBJ-2 (NP the most-recent wave) (PP of (NP friendly takeovers))) (VP was (VP completed (NP *-2) (PP-LOC in (NP the U.S.)) (PP-TMP in (NP 1986)))))) , (NP-SBJ there) (VP have (VP been (NP-PRD (QP more than 100) mergers and acquisitions) (PP-LOC within (NP the European paper industry))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP (NP Lyphomed Inc.) , (NP (NP Rosemont) , (NP Ill.)) ,) and (NP (NP Medco Research Inc.) , (NP Los Angeles) ,)) (VP said (SBAR 0 (S (NP-SBJ the Food and Drug Administration) (VP granted (NP (NP full marketing approval) (PP for (NP (NP a new drug) (PP for (NP (NP the treatment) (PP of (NP (NP a condition) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ the heart) (VP beats (NP (NP (QP between 150 and 200) beats) (NP-ADV a minute)) (PP-LOC *T*-1))))))))))))))) .)) (TOP (S (NP-SBJ (NP The condition) , (VP known (NP *) (PP-CLR as (NP paroxysmal supraventricular tachycardia))) ,) (VP leads (PP-CLR to (NP dizziness and fainting))) .)) (TOP (S (NP-SBJ The typical healthy heart) (VP beats (NP (NP 70 times) (NP-ADV a minute))) .)) (TOP (S (NP-SBJ (NP The drug) , (VP called (S (NP-SBJ *) (NP-PRD adenocard))) ,) (VP returns (NP the heart) (PP-CLR to (NP a normal rhythm)) (PP-TMP within (NP seconds)) , (PP according (PP to (NP Lyphomed)))) .)) (TOP (S (NP-SBJ Medco Research) (VP (VP developed (NP the drug)) and (VP licensed (NP it) (PP-CLR to (NP Lyphomed)) (PP-CLR for (NP (NP sale) (PP-LOC in (NP (NP the U.S.) and (NP Canada))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Private industry 's) labor costs) (VP rose (NP-EXT 1.2 %) (PP-TMP in (NP the third quarter)) , (S-ADV (NP-SBJ *) (VP matching (NP the second-quarter pace))) , (SBAR-TMP as (S (NP-SBJ-1 health insurance costs) (VP continued (S (NP-SBJ *-1) (VP to (VP soar)))))))) , (NP-SBJ the Labor Department) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP The increase) (PP-LOC in (NP wage and benefit costs)) (PP-TMP in (NP the third quarter))) (VP was (ADJP-PRD (ADJP greater) (PP than (NP (NP the 1 % rise) (VP reported (NP *) (PP-TMP for (NP (NP the third quarter) (PP of (NP 1988))))))))) .)) (TOP (SINV-2 `` (S (NP-SBJ-1 (NP Wage increases) and (NP overall compensation increases)) (VP are (VP beginning (S (NP-SBJ *-1) (VP to (VP curl (ADVP-DIR upward) (NP-ADV a little bit))))))) , '' (VP said (SINV *T*-2)) (NP-SBJ (NP Audrey Freedman) , (NP (NP a labor economist) (PP-LOC at (NP (NP the Conference Board) , (NP a business research organization))))) .)) (TOP (S `` (NP-SBJ One) (VP would (VP have (VP thought (SBAR 0 (S (NP-SBJ this) (VP would (VP have (VP happened (ADVP-TMP (NP (QP two or three) years) ago) (SBAR-TMP as (S (NP-SBJ the labor market) (VP tightened))))))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ It) (VP is (NP-PRD a (ADJP considerably delayed) reaction))) and (S (NP-SBJ it) (VP 's not (NP-PRD a severe one) (PP-CLR at (NP all))))) , '' (NP-SBJ she) (VP added (S *T*-1)) .)) (TOP (S (NP-SBJ The new data) (VP underscored (NP (NP the severity) (PP of (NP (NP the nation 's) health-care cost problem)))) .)) (TOP (S (PP-LOC In (NP (NP the 12 months) (VP ended (NP *) (PP-TMP in (NP September))))) , (NP-SBJ (NP wages and salaries) (PP of (NP private-sector workers))) (VP rose (NP-EXT 4.4 %) , (SBAR-ADV while (S (NP-SBJ health insurance costs) (VP spurted (PP-EXT by (NP 13.7 %)))))) .)) (TOP (S (NP-SBJ The consumer price index) (VP climbed (NP-EXT 4.3 %) (PP-TMP in (NP the same period))) .)) (TOP (S (PP Despite (NP (NP the big increases) (PP-LOC in (NP health-care costs)))) , (NP-SBJ wages) (ADVP-TMP still) (VP account (PP-CLR for (NP (NP a (ADJP far greater) share) (PP of (NP overall labor costs))))) .)) (TOP (S (NP-SBJ (NP The overall private-sector employment cost index) , (SBAR (WHNP-49 which) (S (NP-SBJ *T*-49) (VP includes (NP both wages and benefits)))) ,) (VP rose (NP-EXT 4.7 %) (PP-TMP in (NP (NP the 12 months) (VP ended (NP *) (PP-TMP in (NP September))))) , (PP compared (PP with (NP (NP 4.5 %) (PP for (NP both (NX (NX (NP the 12 months) (VP ended (NP *) (PP-TMP in (NP June)))) and (NX (NP the 12 months) (VP ended (NP-TMP September 1988)))))))))) .)) (TOP (S (NP-SBJ Labor costs) (VP are (VP climbing (PP-MNR at (NP a (ADJP (ADVP far more) rapid) pace)) (PP-LOC in (NP the health care industry)) (PP than (PP-LOC in (NP other industries))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ (NP wages) (PP of (NP private-sector hospital workers))) (VP leaped (NP-EXT 6.6 %) (PP-TMP in (NP (NP the 12 months) (VP ended (NP *) (PP-TMP in (NP September))))) , (PP compared (PP with (NP (NP 4.4 %) (PP for (NP (NP workers) (PP-LOC in (NP all industries)))))))) .)) (TOP (S (PP-TMP In (NP the third quarter)) , (NP-SBJ (NP wages and salaries) (PP-LOC in (NP all private industry))) (VP rose (NP-EXT 1.2 %) , (PP compared (PP with (NP (NP 1 % increases) (PP-TMP (PP in (NP both the second quarter)) and (PP in (NP (NP the third quarter) (PP of (NP 1988))))))))) .)) (TOP (S (PP-TMP For (NP the past five years)) , (NP-SBJ-1 unions) (VP have n't (VP managed (S (NP-SBJ *-1) (VP to (VP win (NP (NP wage increases) (ADJP (ADJP as large) (PP as (NP (NP those) (VP granted (NP *) (PP-DTV to (NP nonunion workers)))))))))))) .)) (TOP (S (PP For (NP private-sector union workers)) , (NP-SBJ (NP the cost) (PP of (NP wages and benefits))) (VP rose (NP-EXT 0.9 %) (PP-TMP in (NP the third quarter))) .)) (TOP (S (PP For (NP nonunion workers)) , (NP-SBJ the costs) (VP rose (NP-EXT 1.4 %)) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Labor costs) (VP continued (S (NP-SBJ *-1) (VP to (VP rise (ADVP-MNR more rapidly) (PP-LOC in (NP service industries)) (PP-LOC than (PP in (NP goods-producing industries)))))))) , (NP-SBJ the report) (VP showed (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP found (S (NP-SBJ them) (VP rising (ADVP much more) (PP-LOC in (NP the Northeast)) (PP than (ADVP elsewhere))))) .)) (TOP (S (PP Including (NP (NP employees) (PP of (NP (UCP state and local (PRN -- but not (NAC the federal) --)) governments)))) , (NP-SBJ the employment cost index) (VP rose (NP-EXT 1.6 %) (PP-TMP in (NP the third quarter)) , (PP compared (PP with (NP (NP a (ADJP 1.3 %) rise) (PP-TMP in (NP (NP the same quarter) (PP-TMP in (NP 1988)))))))) .)) (TOP (S (NP-SBJ The index) (VP rose (NP-EXT 1.1 %) (PP-TMP in (NP the second quarter))) .)) (TOP (S (PP-TMP For (NP (NP the 12 months) (VP ended (NP *) (PP-TMP in (NP September))))) , (NP-SBJ this index) (VP was (ADVP-PRD up (NP 5.1 %))) .)) (TOP (S (NP-SBJ It) (VP (VP rose (NP-EXT-1 4.8 %) (PP-TMP-2 for (NP (NP the 12 months) (VP ended (NP *) (PP-TMP in (NP June)))))) and (VP (NP-EXT=1 4.7 %) (PP-TMP=2 in (NP (NP the 12 months) (VP ended (NP *) (PP-TMP in (NP September 1988))))))) .)) (TOP (S (PP Unlike (NP most economic indicators)) , (NP-SBJ-1 (NP none) (PP of (NP these figures))) (VP are (VP adjusted (NP *-1) (PP-CLR for (NP seasonal variations)))) .)) (TOP (S (NP-SBJ DeSoto Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP dismissing (NP 200 employees) (PP-CLR as (NP (NP part) (PP of (NP (NP a restructuring) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP producing (NP (NP pretax savings) (PP of (NP (NP (QP $ 10 million) *U*) (ADVP annually))))))))))))))))) .)) (TOP (S (PP-LOC Under (NP the plan)) , (NP-SBJ DeSoto) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP sell (NP (NP certain assets and businesses) (SBAR (WHNP-50 that) (S (NP-SBJ *T*-50) (VP do n't (VP meet (NP (UCP strategic and profitability) objectives))))))))))) .)) (TOP (S (NP-SBJ (NP The (NAC-LOC Des Plaines , Ill. ,) chemical coatings concern) , (SBAR (WHNP-51 which) (S (NP-SBJ *T*-51) (VP has (NP (QP about 2,000) employees) (ADVP-LOC world-wide)))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP sell (NP (NP its (UCP domestic rigid container packaging and flexible adhesives) businesses) , and (NP its (NAC-LOC Chicago Heights , Ill. ,) resin plant))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP use (NP-2 the sale proceeds) (S-CLR (NP-SBJ *-2) (VP to (VP invest (PP-CLR in (NP (NP business opportunities) (VP (ADVP more closely) identified (NP *) (PP-CLR with (NP (NP the company 's) `` refocused direction))))))))))))))) .)) (TOP (S (NP-SBJ (NP StatesWest Airlines) , (NP (NP Phoenix) , (NP Ariz.) ,)) (VP said (SBAR 0 (S (NP-SBJ it) (VP withdrew (NP its offer (S (NP-SBJ *) (VP to (VP acquire (NP Mesa Airlines))))) (SBAR-PRP because (S (NP-SBJ the Farmington , N.M. , carrier) (VP did n't (VP respond (PP-CLR to (NP its offer)) (PP-TMP by (NP (NP (NP (NP the close) (PP of (NP business))) (NP-TMP yesterday)) , (NP (NP a deadline) (SBAR (WHNP-1 0) (S (NP-SBJ StatesWest) (VP had (VP set (NP *T*-1) (PP-PRP for (NP a response))))))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ StatesWest) (VP is n't (VP abandoning (NP (NP its pursuit) (PP of (NP the much-larger Mesa))))) .)) (TOP (S (NP-SBJ (NP StatesWest) , (SBAR (WHNP-52 which) (S (NP-SBJ *T*-52) (VP has (NP (NP a (ADJP 7.25 %) stake) (PP-LOC in (NP Mesa)))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP may (VP (VP purchase (NP more Mesa stock)) or (VP make (NP a tender offer) (PP-DTV (ADVP directly) to (NP Mesa shareholders)))))))) .)) (TOP (S (NP-SBJ-1 StatesWest) (VP had (VP proposed (S (NP-SBJ *) (VP acquiring (NP Mesa) (PP-CLR for (NP (NP (NP $ 7 *U*) (NP-ADV a share)) and (NP (NP one share) (PP of (NP (NP a new series) (PP of (NP StatesWest (ADJP 6 %) convertible preferred stock)) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP values (NP *T*-2) (PP-CLR at (NP (NP $ 3 *U*) (NP-ADV a share))))))))))))))) .)) (TOP (S (ADVP-TMP Earlier) , (NP-SBJ Mesa) (VP had (VP rejected (NP (NP a general proposal (S *ICH*-1)) (PP from (NP StatesWest)) (S-1 (NP-SBJ *) (VP to (VP combine (NP the two carriers) (PP-MNR in (NP some way)))))))) .)) (TOP (S (NP-SBJ StatesWest) (VP serves (NP (NP 10 cities) (PP-LOC in (NP California , Arizona and Nevada)))) .)) (TOP (S (NP-SBJ Mesa) (VP flies (PP-DIR to (NP (NP 42 cities) (PP-LOC in (NP (NP New Mexico) , (NP Arizona) , (NP Wyoming) , (NP Colorado) and (NP Texas)))))) .)) (TOP (S (NP-SBJ A shiny new takeover deal) (VP sparked (NP (NP a big rally) (PP-LOC in (NP stock prices)) , (SBAR (WHNP-53 which) (S (NP-SBJ *T*-53) (VP buoyed (NP the dollar)))))) .)) (TOP (S (NP-SBJ Bond prices) (ADVP also) (VP edged (ADVP higher)) .)) (TOP (S (NP-SBJ-1 (NP (NP Georgia-Pacific 's) (ADJP (QP $ 3.18 billion) *U*) bid) (PP for (NP Great Northern Nekoosa))) (VP helped (S (NP-SBJ *-1) (VP drive (NP the Dow Jones Industrial Average) (ADVP-EXT up (NP 41.60 points)) , (PP-DIR to (NP 2645.08)))) , (PP-LOC in (NP active trading))) .)) (TOP (S (NP-SBJ The dollar) (VP drew (NP strength) (PP-CLR from (NP (NP the stock market 's) climb))) .)) (TOP (S (NP-SBJ Long-term bond prices) (VP rose (PP despite (NP (NP trepidation) (PP about (SBAR (WHNP-1 what) (S (NP-SBJ a key economic report) (VP will (VP show (NP *T*-1) (NP-TMP today))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ (NP the offer) (PP for (NP Great Northern Nekoosa))) (VP broke (NP (NP the pall) (SBAR (WHNP-54 that) (S (NP-SBJ *T*-54) (VP settled (PP-LOC over (NP the takeover business)) (PP-TMP for (NP the past three weeks)) (PP-LOC in (NP (NP the wake) (PP of (NP the collapsed UAL Corp . buy-out)))))))))))) .)) (TOP (S (NP-SBJ Great Northern Nekoosa) (VP soared (NP-EXT (NP $ 20.125 *U*) (NP-ADV a share)) , (PP-DIR to (NP $ 62.875 *U*)) , (PP substantially above (NP (NP (NP the $ 58 *U*) (NP-ADV a share)) (SBAR (WHNP-1 0) (S (NP-SBJ Georgia-Pacific) (VP is (VP offering (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ That) (VP indicates (SBAR 0 (S (NP-SBJ speculators) (VP are (VP betting (SBAR 0 (S (NP-SBJ a higher offer) (VP is (PP-LOC-PRD in (NP the wings)))))))))) .)) (TOP (S (NP-SBJ (NP Prices) (PP of (NP other paper makers))) (VP rose (ADVP sharply) , (SBAR-ADV although (S (NP-SBJ Georgia-Pacific) (VP fell (NP-EXT (NP $ 2.50 *U*) (NP-ADV a share)) , (PP-DIR to (NP $ 50.875 *U*)))))) .)) (TOP (S (PP Despite (NP (NP all the furor) (PP over (NP program trading)))) , (NP-SBJ program trading) (VP played (NP a big role) (PP-LOC-CLR in (NP (NP yesterday 's) rally))) .)) (TOP (S (NP-SBJ Some traders) (VP point (PRT out) (SBAR that (S (SBAR-TMP as (S (NP-SBJ the big brokerage firms) (VP back (PP-DIR out (PP of (NP program trading))) (PP-PRP (PP for (NP their own accounts)) or (PP for (NP clients)))))) , (NP-SBJ opportunities (SBAR *ICH*-1)) (VP increase (SBAR-1 for (S (NP-SBJ others) (VP to (VP engage (PP-CLR in (NP the controversial practice)))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRD (WHNP-55 what) (S (NP-SBJ *T*-55) (VP happened (NP-TMP yesterday))))) .)) (TOP (S (S (NP-SBJ The rally) (ADVP-PRD notwithstanding)) , (NP-SBJ there) (VP are (NP-PRD (NP plenty) (PP of (NP (NP worries) (PP about (NP (NP the short-term course) (PP of (NP stock prices)))))))) .)) (TOP (S (NP-SBJ (NP A slowing economy) and (NP (NP its effect) (PP on (NP corporate earnings)))) (VP is (NP-PRD (NP the foremost concern) (PP of (NP many traders and analysts)))) .)) (TOP (S (SBAR-ADV Unless (S (NP-SBJ the Federal Reserve) (VP eases (NP interest rates) (ADVP-TMP soon) (S-PRP (NP-SBJ *) (VP to (VP stimulate (NP the economy))))))) , (NP-SBJ profits) (VP could (VP remain (ADJP-PRD disappointing))) .)) (TOP (S (NP-SBJ (NP (NP Yesterday 's) major economic news) (PRN -- (NP (NP a (ADJP 0.2 %) rise) (PP-LOC in (NP (NP the September index) (PP of (NP leading economic indicators))))) --)) (VP had (NP (NP little impact) (PP-LOC on (NP financial markets)))) .)) (TOP (S But (NP-SBJ (NP (NP the next important piece) (PP of (NP (NP news) (PP on (NP (NP the economy 's) health))))) (PRN -- (NP (NP (NP this morning 's) release) (PP of (NP (NP (NP the national purchasing manager 's) survey) (PP for (NP October))))) --)) (VP could (VP prompt (NP investors) (PP-CLR into (NP action)))) .)) (TOP (S (NP-SBJ (NP A report (SBAR *ICH*-1)) (NP-TMP late yesterday) (SBAR-1 that (S (NP-SBJ the Chicago-area purchasing managers survey) (VP showed (NP (NP increased economic activity) (PP-LOC in (NP (NP that part) (PP of (NP the country))))))))) (VP cut (PP-CLR into (NP bond-price gains))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the national survey) (VP confirms (NP (NP a pickup) (PP-LOC in (NP the manufacturing sector)))))) , (NP-SBJ-1 it) (VP could (ADVP further) (VP depress (NP bond prices) (SBAR-TMP while (S (NP-SBJ *-1) (VP bolstering (NP (NP stock prices) and (NP the dollar))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ bond investors) (VP are (VP laboring (PP under (NP (NP the onus) (PP of (NP a national debt ceiling debate)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 the Treasury) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP announce (NP (NP details) (PP of (NP its November quarterly refunding operation))) (NP-TMP today)))))))) , (NP-SBJ-2 the Nov. 79 schedule) (VP could (VP be (VP delayed (NP *-2) (SBAR-ADV unless (S (NP-SBJ-4 (NP Congress) and (NP the president)) (VP act (ADVP-TMP soon) (S (NP-SBJ *-4) (VP to (VP lift (NP (NP the nation 's) debt ceiling)))))))))) .)) (TOP (PP-LOC-HLN In (NP major market activity) :)) (TOP (S (NP-SBJ Stock prices) (VP rallied (PP-LOC in (NP active trading))) .)) (TOP (S (NP-SBJ (NP Volume) (PP-LOC on (NP the New York Stock Exchange))) (VP totaled (NP (QP 176.1 million) shares)) .)) (TOP (S (NP-SBJ (NP Advancing issues) (PP-LOC on (NP the Big Board))) (VP surged (ADVP-DIR ahead (PP of (NP decliners))) (NP-ADV (NP 1,111) (X to))))) (TOP (S (NP-SBJ Bond prices) (VP rose) .)) (TOP (S (NP-SBJ (NP The Treasury 's) benchmark 30-year bond) (VP gained (NP (NP (NP less) (PP than (NP (NP a quarter) (PP of (NP a point))))) , or (NP (NP less) (PP than (NP (NP $ 2.50 *U*) (PP for (NP (NP each $ 1,000 *U*) (PP of (NP face amount))))))))) .)) (TOP (S (NP-SBJ (NP The yield) (PP-LOC on (NP the issue))) (VP slipped (PP-DIR to (NP 7.91 %))) .)) (TOP (S (NP-SBJ The dollar) (VP gained (PP against (NP most foreign currencies))) .)) (TOP (S (PP-TMP In (NP late afternoon New York trading)) , (NP-SBJ the dollar) (VP was (PP-PRD at (NP (NP 1.8415 marks) and (NP 142.85 yen))) (PP compared (PP with (NP (NP 1.8340 marks) and (NP 141.90 yen)) (NP-TMP late Monday)))) .)) (TOP (S (NP-SBJ (NP Bouygues S.A.) , (NP (NP a diversified construction concern) (VP based (NP *) (PP-LOC-CLR in (NP Paris)))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP its consolidated profit) (PP for (NP the 1989 first half))) , (PP-TMP after (NP (NP payments) (PP to (NP minority interests)))) , (VP surged (PP-DIR to (NP (NP (QP 188 million) French francs) (PRN -LRB- (NP (QP $ 30.2 million) *U*) -RRB-))) (PP-DIR from (NP 65 million francs) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 21 %) (PP-DIR to (NP (QP 22.61 billion) francs)) (PP-DIR from (NP (QP 18.69 billion) francs))) .)) (TOP (S (NP-SBJ The company) (VP did n't (VP specify (NP (NP reasons) (PP for (NP the strong earnings gain))))) .)) (TOP (S But (NP-SBJ Bouygues) (VP said (SBAR 0 (S (NP-SBJ its first-half profit) (VP is n't (ADJP-PRD indicative (PP of (NP the full-year trend))) (PP-PRP because of (NP (NP the (ADJP highly seasonal) nature) (PP of (NP (NP many) (PP of (NP (NP the company 's) activities)))))))))) .)) (TOP (S (PP-TMP For (NP (NP all) (PP of (NP 1988)))) , (NP-SBJ Bouygues) (VP had (NP (NP consolidated profit) (PP of (NP (QP 519 million) francs))) , (PP-TMP after (NP (NP payments) (PP to (NP minority interests)))) , (PP on (NP (NP revenue) (PP of (NP (QP 50 billion) francs))))) .)) (TOP (S (NP-SBJ The group) (VP has (VP forecast (NP (NP 1989 revenue) (PP of (NP (QP 56.9 billion) francs))))) .)) (TOP (S (NP-SBJ QVC Network Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP its acquisition) (PP of (NP CVN Cos.))) (PP for (NP (QP about $ 423 million) *U*)))))) .)) (TOP (S (NP-SBJ-1 QVC) (VP agreed (S (NP-SBJ *-1) (VP to (VP pay (NP (NP $ 19 *U*) and (NP one-eighth QVC share)) (PP-CLR for (NP (NP each) (PP of (NP (NP CVN 's) (QP 20 million) fully diluted shares)))))))) .)) (TOP (S (NP-SBJ The acquisition) (VP brings (ADVP-CLR together) (NP (NP the two largest competitors) (PP to (NP (NP Home Shopping Network Inc.) , (SBAR (WHNP-56 which) (S (ADVP-TMP now) (NP-SBJ *T*-56) (VP reaches (NP (NP more viewers) (PP than (NP (NP any other company) (PP-LOC in (NP the video shopping industry)))))))))))) .)) (TOP (S (PP-LOC Among (NP them)) , (NP-SBJ (NP Home Shopping) , (NP QVC) and (NP CVN)) (ADVP-TMP already) (VP control (NP (NP most) (PP of (NP (NP that (ADJP young and fast-growing) market) , (SBAR (WHNP-57 which) (S (NP-TMP last year) (NP-SBJ *T*-57) (VP had (NP (NP sales) (PP of (NP (QP about $ 1.4 billion) *U*)))))))))) .)) (TOP (S (NP-SBJ-1 Coast Savings Financial Inc.) (VP reported (NP a third-quarter loss) , (S-ADV (NP-SBJ *-1) (VP citing (NP a (ADJP previously announced) capital restructuring program)))) .)) (TOP (S (NP-SBJ The Los Angeles thrift holding company) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (NP (NP a loss) (PP of (NP (NP (QP $ 92.2 million) *U*) , or (NP (NP $ 6.98 *U*) (NP-ADV a share)))))) , (PP-TMP for (NP (NP the quarter) (VP ended (NP *) (NP-TMP Sept. 30))))))) .)) (TOP (S (NP-SBJ Coast) (VP earned (NP (NP (QP $ 10.2 million) *U*) , or (NP (NP 67 cents) (NP-ADV a share))) , (PP-TMP in (NP the year-ago quarter))) .)) (TOP (S (NP-SBJ-1 The year-ago results) (VP have (VP been (VP restated (S (NP-SBJ *-1) (VP to (VP comply (PP-CLR with (NP government regulations)))))))) .)) (TOP (S (NP-SBJ-1 The restructuring program) (VP is (VP designed (S (NP-SBJ *-1) (VP to (VP increase (NP (NP the company 's) tangible capital ratio)))))) .)) (TOP (S (NP-SBJ It) (VP includes (S (NP-SBJ *) (VP (VP removing (NP (NP (QP $ 242 million) *U*) (PP in (NP good will))) (PP-CLR from (NP the books))) , (VP issuing (NP (NP (QP $ 150 million) *U*) (PP in (NP preferred stock)))) and (VP commencing (NP (NP an exchange offer) (PP for (NP (NP (QP $ 52 million) *U*) (PP in (NP convertible bonds))))))))) .)) (TOP (S (PP-TMP During (NP the third quarter)) , (NP-SBJ the company) (VP (VP charged (NP (QP about $ 46 million) *U*) (PP-CLR against (NP earnings)) (PP-CLR in (S-NOM (NP-SBJ *) (VP reducing (NP goodwill))))) , (VP added (NP (QP $ 20 million) *U*) (PP-CLR to (NP its general loan loss reserves))) and (VP established (NP a (ADJP (QP $ 30 million) *U*) reserve ) (PP-CLR for (NP its high-yield bond portfolio)))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 its junk-bond portfolio) (PP-TMP after (NP these moves)) (VP had (VP been (VP reduced (NP *-1) (PP-CLR to (NP (NP (QP less than 1) %) (PP of (NP assets)))))))))) .)) (TOP (S (NP-SBJ Philip Morris Cos.) (VP is (VP launching (NP (NP a massive corporate advertising campaign) (SBAR (WHNP-58 that) (S (NP-SBJ *T*-58) (VP will (VP put (NP (NP the tobacco giant 's) name) (PP-PUT in (NP TV commercials)) (PP for (NP (NP the first time) (PP-TMP since (NP (NP the early 1950s) , (SBAR (WHADVP-1 when) (S (NP-SBJ-2 it) (VP stopped (S (NP-SBJ *-2) (VP advertising (NP its namesake cigarette brand) (PP-LOC on (NP television)))) (ADVP-TMP *T*-1))))))))))))))) .)) (TOP (S (S (NP-SBJ (NP The campaign) , (NP (NP a patriotic celebration) (PP of (NP (NP the 200th anniversary) (PP of (NP (NP the Bill) (PP of (NP Rights))))))) ,) (VP does n't (VP mention (NP cigarettes or smoking)))) ; (S (NP-SBJ cigarette ads) (VP have (VP been (VP prohibited (PP-LOC on (NP television)) (PP-TMP since (NP 1971)))))) .)) (TOP (S But (SBAR-TMP even before (S (NP-SBJ it) (VP begins))) , (NP-SBJ the campaign) (VP is (VP drawing (NP fire) (PP-CLR from (NP (NP anti-smoking advocates) , (SBAR (WHNP-59 who) (S (NP-SBJ *T*-59) (VP criticize (NP (NP Philip Morris 's) attempt (S (NP-SBJ *) (VP to (VP bolster (NP its beleaguered image) (PP-MNR by (S-NOM (NP-SBJ *) (VP wrapping (NP itself) (PP-LOC-CLR in (NP (NP the document) (SBAR (WHNP-60 that) (S (NP-SBJ *T*-60) (VP is (NP-PRD (NP a cornerstone) (PP of (NP American democracy)))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Philip Morris) , (SBAR (WHNP-61 which) (S (NP-SBJ *T*-61) (VP became (NP-PRD (NP the U.S. 's) largest food company) (NP-TMP last year) (PP with (NP (NP its (ADJP (QP $ 12.9 billion) *U*) acquisition) (PP of (NP Kraft Inc.))))))) ,) (VP seems (ADJP-PRD determined (S (NP-SBJ *-1) (VP to (VP evolve (PP-CLR beyond (NP (NP its roots) (PP-LOC in (NP Marlboro country))))))))) .)) (TOP (S (NP-SBJ (NP The company 's) research) (VP suggests (SBAR that (S (NP-SBJ (NP its name recognition) (PP among (NP most consumers))) (VP remains (ADJP-PRD unusually low) , (SBAR-ADV although (S (NP-SBJ (NP its array) (PP of (NP (NP brands) (PRN -- (PP including (NP (NP Maxwell House coffee) , (NP Jell-O) , (NP Cheez Whiz) , and (NP Miller beer))) --)))) (VP blanket (NP supermarket shelves)))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP spend (NP (NP (QP about $ 30 million) *U*) (NP-ADV a year)) (PP-LOC-CLR on (NP (NP its (ADJP two-year corporate) campaign) , (VP created (NP *) (PP by (NP-LGS (NP (NP WPP Group 's) Ogilvy & Mather unit) (PP-LOC in (NP New York)))))))))))) .)) (TOP (S (NP-SBJ The initial spots) (VP will (VP appear (PP-TMP during (NP morning and prime-time news shows)))) .)) (TOP (S (NP-SBJ Philip Morris) (VP hopes (SBAR that (S (PP-MNR by (S-NOM (NP-SBJ *) (VP taking (NP (NP its Bill) (PP of (NP Rights theme))) (PP-DIR to (NP (NP the airwaves) , (CONJP in addition to) (NP publications)))) ,)) (NP-SBJ it) (VP will (VP reach (NP the (ADJP broadest possible) audience)))))) .)) (TOP (S (PP-TMP Until (ADVP now)) , (NP-SBJ (NP its corporate ads) , (VP (ADVP mainly) promoting (NP (NP its sponsorship) (PP of (NP the arts)))) ,) (VP have (VP appeared (ADVP almost exclusively) (PP-LOC-CLR in (NP newspapers and magazines)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Most people) (PRN -- (SBAR whether (FRAG (PP-LOC in (NP Toledo , Tucson or Topeka)))) --) (VP have n't (VP got (X (NP a clue) (SBAR (WHNP-62 who) (S (NP-SBJ we) (VP are (NP-PRD *T*-62)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Guy L. Smith) , (NP (NP (NP Philip Morris 's) vice president) (PP of (NP corporate affairs)))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ they) (VP think (ADVP-CLR well) (PP-CLR of (NP the company)) (PP through (NP (NP our support) (PP of (NP (NP the Bill) (PP of (NP Rights))))))))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP follows (SBAR-1 0 (S (NP-SBJ they) (VP 'll (VP think (ADVP-CLR well) (PP-CLR of (NP our products))))))) . '')) (TOP (S (NP-SBJ Mr. Smith) (VP says (SBAR 0 (S (NP-SBJ-1 (NP (NAC (NAC the Bill) (PP of (NP Rights))) commercial) , (SBAR (WHNP-63 which) (S (NP-SBJ *T*-63) (VP trumpets (NP (NP the themes) (PP of (NP (NP liberty) and (NP (NP freedom) (PP of (NP expression))))))))) ,) (VP is n't (VP designed (S (NP-SBJ *-1) (VP to (VP have (NP any special appeal) (PP-CLR for (NP smokers)))))))))) .)) (TOP (S (S-TPC-2 (SBAR-ADV Although (S (NP-SBJ-1 Philip Morris) (ADVP typically) (VP tries (S (NP-SBJ *-1) (VP to (VP defend (NP (NP the rights) (PP of (NP smokers))) (PP-MNR with (NP free-choice arguments)))))))) , `` (S (NP-SBJ this) (VP has (NP (NP nothing) (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-3) (PP-CLR with (NP cigarettes))))))))) , nor (SINV will (NP-SBJ it) (ADVP-TMP ever) (VP *?*))) , '' (NP-SBJ the spokesman) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S But (NP-SBJ-1 some anti-smoking activists) (VP disagree , (S-ADV (NP-SBJ *-1) (VP expressing (NP (NP anger) (PP at (SBAR-NOM (WHNP-64 what) (S (NP-SBJ they) (VP see (NP *T*-64) (PP-CLR as (NP (NP the company 's) attempt (S (NP-SBJ *) (VP to (VP purchase (NP innocence) (PP-MNR by (NP association))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ I) (VP 'm (ADJP-PRD outraged) (SBAR-PRP because (S (NP-SBJ this company) (VP is (VP portraying (NP itself) (PP-LOC-CLR at (NP (NP the heart) (PP of (NP (NP American culture) and (NP political freedom))))))))))) and (S (PP in (NP fact)) (NP-SBJ it) (VP 's (NP-PRD a killer)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Michael Pertschuk) , (NP (NP (NP former chairman) (PP of (NP the Federal Trade Commission))) and (NP a tobacco-industry critic))) .)) (TOP (S `` (NP-SBJ-1 It) (VP should (VP be (VP treated (NP *-1) (PP-CLR like (NP (NP the Medellin (PRN -LCB- drug -RCB-) mafia) , not (NP the Founding Fathers)))))) . '')) (TOP (S (NP-SBJ Mr. Pertschuk) (VP adds (SBAR that (S (NP-SBJ the new commercial) (VP dovetails (ADVP-MNR perfectly) (PP-CLR with (NP (NP major aspects) (PP of (NP (NP Philip Morris 's) political strategy)))))))) .)) (TOP (S (NP-SBJ These) (VP include (S (NP-SBJ-1 *) (VP (VP trying (S (NP-SBJ *-1) (VP to (VP protect (NP its print advertising) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP invoking (NP the First Amendment)))))))) , and (VP wooing (NP blacks) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP portraying (NP itself) (PP-CLR as (NP (NP a protector) (PP of (NP civil rights))))))))))) .)) (TOP (PRN -LRB- (S (NP-SBJ The commercial) (VP features (PRN , (PP-LOC among (NP others)) ,) (NP (NP the voice) (PP of (NP (NP Martin Luther King Jr.) , (NP the slain civil rights leader)))))) . -RRB-)) (TOP (S (S (NP-SBJ Many marketers) (VP say (SBAR 0 (S (NP-SBJ (NP Philip Morris 's) approach) (VP will (VP be (ADJP-PRD effective))))))) , but (S (NP-SBJ they) (VP agree (SBAR that (S (NP-SBJ (NP the ads ') implied smoking message) (VP is (ADJP-PRD unmistakable)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD (NP clever , subliminal advertising) (SBAR (WHNP-65 that) (S (ADVP really) (NP-SBJ *T*-65) (VP says , ` (S (NP-SBJ Smokers) (VP have (NP rights) , (ADVP too)) ,) ')))))) '' (VP says (S *T*-1)) (NP-SBJ (NP Al Ries) , (NP (NP chairman) (PP of (NP (NP Trout & Ries Inc.) , (NP a (NAC Greenwich , Conn. ,) marketing strategy firm))))) .)) (TOP (S `` (NP-SBJ-1 This) (VP is (VP designed (S (NP-SBJ *-1) (VP to (VP (VP get (S (NP-SBJ the wagons) (PP-PRD in (NP a circle)))) and (VP defend (NP the smoking franchise))))))) . '')) (TOP (S (NP-SBJ (NP Richard Winger) , (NP (NP a partner) (PP-LOC at (NP Boston Consulting Group))) ,) (VP adds : `` (S (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD very popular) (S-1 (NP-SBJ *) (VP to (VP drape (NP yourself) (PP-LOC-CLR in (NP the flag))))) (NP-TMP these days)))) .)) (TOP (S (SBAR-ADV If (S (S (NP-SBJ-1 you) (VP can (VP do (NP that)))) and (S (PP-TMP at (NP the same time)) (NP-SBJ *-1) (VP send (NP (NP a message) (SBAR (WHNP-66 that) (S (NP-SBJ *T*-66) (VP supports (NP your business))))))))) , (NP-SBJ that) (VP 's (ADJP-PRD brilliant)) . '')) (TOP (S (NP-SBJ (NP RJR Nabisco Inc.) and (NP American Brands Inc.)) (VP say (SBAR 0 (S (NP-SBJ they) (VP have (NP no plans (S (NP-SBJ *) (VP to (VP follow (NP (NP Philip Morris 's) lead))))))))) .)) (TOP (S -LRB- (ADVP Indeed) , (NP-SBJ-1 RJR Nabisco) (VP is (ADVP-TMP currently) (PP-PRD under (NP fire)) (PP-PRP for (S-NOM (NP-SBJ *-1) (VP having (VP sent (NP (NP 80-second videotapes) (VP touting (NP its Now brand))) (PP-DIR to (NP (NP consumers) (SBAR (WHNP-67 who) (S (NP-SBJ *T*-67) (VP smoke (NP (NP American Brands ') Carltons))))))))))) . -RRB-)) (TOP (S (PP Despite (NP the criticism)) , (NP-SBJ (NP Philip Morris 's) corporate campaign) (VP runs (NP (NP little risk) (PP of (S-NOM (NP-SBJ-1 *) (VP getting (VP yanked (NP *-1) (PP-DIR off (NP the tube)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ They) (VP are n't (VP showing (S (NP-SBJ James Madison) (VP (VP taking (NP a puff)) or (VP lighting (PRT up))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Laurence Tribe) , (NP (NP a professor) (PP of (NP constitutional law)) (PP-LOC at (NP Harvard University)))) .)) (TOP (S `` (NP-SBJ (NP All) (SBAR (WHNP-1 0) (S (NP-SBJ-2 they) (VP are (VP trying (S (NP-SBJ *-2) (VP to (VP do (NP *T*-1))))))))) (VP is (VP borrow (NP (NP some) (PP of (NP (NP the legitimacy) (PP of (NP (NP the Bill) (PP of (NP Rights)) (NP itself)))))))) .)) (TOP (S (NP-SBJ Technology stocks) (VP woke (PRT up) , (S-ADV (NP-SBJ *) (VP helping (S (NP-SBJ the over-the-counter market) (VP rise (PP-DIR from (NP its recent doldrums))))))) .)) (TOP (S (NP-SBJ The Nasdaq Composite Index) (VP surged (NP-EXT (NP-ADV 4.26) , or (NP (QP about 0.94) %) ,) (PP-DIR to (NP 455.63))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP the market 's) biggest gain) (PP-TMP since (S-NOM (NP-SBJ *) (VP rising (NP-EXT (QP more than 7) points) (PP-TMP on (NP Oct. 19)))))) .)) (TOP (S (NP-SBJ Advancing OTC stocks) (VP outpaced (NP decliners) (PP-EXT by (NP (NP 1,120) (PP to (NP 806))))) .)) (TOP (S But (NP-SBJ the move) (VP lagged (NP (NP a stronger rise) (PP-LOC in (NP New York Stock Exchange issues)))) .)) (TOP (S (S (NP-SBJ (NP The Big Board 's) composite index) (VP was (ADVP-PRD up (NP (QP more than 1.4) %)))) , and (S (NP-SBJ the Dow Jones Industrial Average) (VP jumped (NP-EXT 1.6 %))) .)) (TOP (S (NP-SBJ-1 (NP Nasdaq 's) gain) (VP was (VP led (NP *-1) (PP by (NP-LGS its biggest industrial stocks)))) .)) (TOP (S (NP-SBJ The Nasdaq 100) (VP rose (NP-EXT 7.08) (PP-DIR to (NP 445.23))) .)) (TOP (S (NP-SBJ (NP The Financial Index) (PP of (NP 100 biggest banks and insurance issues))) (VP added (NP 2.19) (PP-CLR to (NP 447.76))) .)) (TOP (S (NP-SBJ-1 Other strong sectors) (VP were (VP indicated (NP *-1) (PP in (NP (NP gains) (PP of (NP (NP (NP the Transportation Index) , (ADVP up (NP 7.55) (PP to (NP 475.35))) ,) and (NP (NP the Utility Index) , (ADVP up (NP 8.68) (PP to (NP 730.37)))))))))) .)) (TOP (S (NP-SBJ National Market System volume) (VP improved (PP-DIR to (NP 94,425,000 shares)) (PP-DIR from (NP (NP 71.7 million) (NP-TMP Monday)))) .)) (TOP (S (NP-SBJ (NP Many) (PP of (NP (NP Nasdaq 's) biggest technology stocks))) (VP were (PP-PRD in (NP (NP the forefront) (PP of (NP the rally))))) .)) (TOP (S (S (NP-SBJ Microsoft) (VP added (NP 2 1/8) (PP-CLR to (NP 81 3/4)))) and (S (NP-SBJ Oracle Systems) (VP rose (NP-EXT 1 1/2) (PP-DIR to (NP 23 1/4)))) .)) (TOP (S (NP-SBJ Intel) (VP was (ADVP-PRD up (NP 1 3/8) (PP to (NP 33 3/4)))) .)) (TOP (S But (NP-SBJ (NP traders) (SBAR (WHNP-68 who) (S (NP-SBJ *T*-68) (VP watch (NP the stocks))))) (VP warned (SBAR 0 (S (NP-SBJ the rise) (VP may (VP be (NP-PRD yet another `` one-day phenomenon)))))) . '')) (TOP (S (S (NP-SBJ Technology stocks) (VP bore (NP (NP the brunt) (PP of (NP (NP the OTC market 's) recent sell-off))))) , and (S (NP-SBJ traders) (VP say (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD natural) (SBAR-1 that (S (NP-SBJ they) (VP rebound (ADVP-MNR sharply) (SBAR-TMP now that (S (NP-SBJ the market) (VP has (VP turned (PRT around))))))))))))) .)) (TOP (S-2 But (PRN , (S (NP-SBJ they) (VP caution (S *T*-2))) ,) (NP-SBJ-1 conservative investors) (VP would (VP do (ADVP-MNR well) (S (NP-SBJ *-1) (VP to (VP sell (PP-CLR into (NP the strength))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ They) (VP are (ADVP-TMP always) (NP-PRD (NP the first) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP sold (NP *-1))))))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ people) (VP are (VP taking (NP profits) (ADVP-TMP *T*-3))))) , (SBAR-PRP because (S (NP-SBJ people) (VP are (ADJP-PRD most scared (PP of (NP the high-technology stocks)))))))) , '' (VP said (S *T*-4)) (NP-SBJ (NP Robin West) , (NP (NP director) (PP of (NP research)) (PP for (NP (NP (NP Ladenburg Thalmann 's) Lanyi division) , (SBAR (WHNP-69 which) (S (NP-SBJ *T*-69) (VP specializes (PP-CLR in (NP emerging growth stocks))))))))) .)) (TOP (S (NP-SBJ The technology group) (VP includes (NP (NP many) (PP of (NP (NP the OTC market 's) biggest stocks)) , (SBAR (WHNP-70 which) (S (NP-SBJ *T*-70) (VP dominate (NP the market-weighted Nasdaq Composite Index)))))) .)) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ (NP rallies) (PP-LOC in (NP the group))) (ADVP-TMP historically) (VP have (VP lifted (NP the market) , (SBAR-ADV while (S (NP-SBJ (NP weakness) (PP-LOC in (NP the sector))) (ADVP-TMP often) (VP sank (NP unlisted share prices) (ADVP-MNR broadly))))))))) .)) (TOP (S But (NP-SBJ (NP increasing volatility) (PP-LOC in (NP the sector))) (VP has (VP exhausted (NP (NP investors) (SBAR (WHNP-71 who) (S (NP-SBJ-1 *T*-71) (VP try (S (NP-SBJ *-1) (VP to (VP follow (NP its dips and swings)))))))))) .)) (TOP (S (NP-SBJ-1 The stocks) (VP have (VP been (VP pummeled (NP *-1) (ADVP-TMP repeatedly) (PP by (NP-LGS (NP inventory gluts) and (NP disappointing earnings))) (SBAR-TMP as (S (NP-SBJ the industry) (VP matures and slows)))))) .)) (TOP (S (NP-SBJ Some) (ADVP even) (VP claim (SBAR 0 (S (NP-SBJ the group) (VP has (VP become (NP-PRD a (ADJP lagging , not leading ,) indicator)))))) .)) (TOP (S (NP-SBJ (NP The technology sector) (PP of (NP the Dow Jones Equity Market Index))) (VP has (VP risen (NP-EXT (QP only about 6.24) %) (NP-TMP this year) , (SBAR-ADV while (S (NP-SBJ the Nasdaq Composite Index) (VP has (VP gained (NP-EXT 18.35 %))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the composite index) (VP lost (NP (QP less than a third of) its year-to-date gains) (PP-LOC in (NP (NP the market 's) recent decline))))) , (NP-SBJ (NP the technology group 's) gains) (VP were (VP (ADVP more than) halved)) .)) (TOP (S (NP-SBJ The OTC technology sector) (VP is (ADVP-PRD far (PP from (NP a cohesive unit)))) .)) (TOP (S (NP-SBJ-1 The group) (VP is (VP divided (NP *-1) (ADVP primarily) (PP-CLR between (NP software , semiconductors and computers)))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ computer stocks) (VP have (VP taken (NP the biggest hit) (PP-CLR from (NP (NP the slowdown) (PP-LOC in (NP the industry)))))))) , (NP-SBJ-1 many software and semiconductor stocks) (VP have (VP continued (S (NP-SBJ *-1) (VP to (VP outperform (NP the market)))))) .)) (TOP (S (NP-SBJ Microsoft) (VP is (ADVP-PRD up (NP (QP more than 50) %)) (NP-TMP this year) , (SBAR-ADV while (S (NP-SBJ Intel) (VP is (ADVP-PRD up (NP (QP more than 40) %)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The technology group) (VP is (ADVP also) (VP split (PP between (NP (NP large companies) and (NP small))) , (PP with (S-NOM (NP-SBJ the biggest stocks) (VP trading (PP-CLR as (NP blue-chip issues)) (PP-LOC in (NP the institutional marketplace))))) , (SBAR-ADV while (S (NP-SBJ the smaller stocks) (VP churn) (PP on (NP their individual merits or faults))))))) , (NP-SBJ analysts) (VP say (S *T*-1)) .)) (TOP (S (NP-SBJ (NP The volatility) (PP of (NP smaller technology companies))) (VP has (VP served (NP the group) (ADVP-MNR well) (ADVP overall) (PP-LOC in (NP recent stock trading)) , (PP according (PP to (NP Hambrecht & Quist 's technology stock indexes))))) .)) (TOP (S (NP-SBJ The brokerage firm) (VP tracks (NP technology stocks) (PP-CLR with (NP (NP its Technology Index) , (SBAR (WHNP-72 which) (S (NP-SBJ *T*-72) (VP appreciated (NP-EXT only 10.59 %) (PP-TMP in (NP (NP the first nine months) (PP of (NP this year)))))))))) .)) (TOP (S But (NP-SBJ the firm) (ADVP also) (VP tracks (NP smaller technology companies) (PP-CLR as (NP (NP a subset) (PP of (NP the larger group))))) .)) (TOP (S (S (NP-SBJ-2 (NP That index) , (SBAR (WHNP-73 which) (S (NP-SBJ *T*-73) (VP contains (NP (NP technology companies) (PP with (NP (NP annual revenues) (PP of (NP (QP $ 200 million) *U* (QP or less))))))))) ,) (VP gained (NP-EXT 17.97 %) (PP-TMP by (NP (NP Sept. 30) (NP this year))))) -- (S (NP-SBJ *) (VP (VP (ADVP-TMP still) lagging (NP the S&P 500)) , but (VP leading (NP larger technology firms)))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ bank stocks) (VP lagged (PP-LOC-CLR behind (NP the overall OTC market))) .)) (TOP (S (NP-SBJ The Nasdaq Bank Index) (VP rose (NP-EXT 0.17) (PP-DIR to (NP 432.78))) .)) (TOP (S (NP-SBJ (NP George Jennison) , (SBAR (WHNP-74 who) (S (NP-SBJ *T*-74) (VP trades (NP bank stocks) (PP for (NP Shearson Lehman Hutton))))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the stocks) (VP tend (S (NP-SBJ *-1) (VP to (VP fall (ADVP-CLR behind) (SBAR-PRP because (S (NP-SBJ they) (VP are n't (VP traded (ADVP (ADVP as much) (PP as (NP many other issues)))))))))))))) .)) (TOP (S-1 But (PRN , (S (NP-SBJ he) (VP added (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 interest-rate-sensitive stocks) (PP in (ADJP general)) (VP are (VP stalled (NP *-2))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The interest-rate sensitives) (VP are n't (VP rallying (PP with (NP (NP the rest) (PP of (NP the market)))) (PP-PRP because of (NP (NP fears) (PP about (SBAR-NOM (WHNP what) (S (NP-SBJ the -LRB- Federal Reserve -RRB-) (VP will (VP do)))))))))) , '' (NP-SBJ Mr. Jennison) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (NP-SBJ investors) (VP will (VP scour (NP (NP the October employment report) , (ADJP due out (NP-TMP Friday)) ,) (PP-CLR for (NP (NP clues) (PP about (NP (NP (NP the direction) (PP of (NP the economy))) and (NP (NP the immediate outlook) (PP for (NP interest rates)))))))))))) .)) (TOP (S (PP On (NP the other hand)) , (NP-SBJ Mr. Jennison) (VP noted (SBAR that (S (NP-SBJ-1 (NP the recent slide) (PP-LOC in (NP bank and thrift stocks))) (VP was (ADVP at least) (VP halted (NP *-1) (NP-TMP yesterday)))))) .)) (TOP (S (NP-SBJ-1 Shearson Lehman Hutton) (VP gave (NP small investors) (NP some welcome news) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP announcing (SBAR that (S (NP-SBJ it) (VP would (ADVP-TMP no longer) (VP handle (NP index-arbitrage-related program trades) (PP for (NP its accounts)))))))))) .)) (TOP (S (NP-SBJ Shearson) , (PP with (NP its in-house order execution system)) , (VP has (VP handled (NP (NP the bulk) (PP of (NP such program trades))) (PP-LOC in (NP the over-the-counter market)))) .)) (TOP (S (NP-SBJ-1 The trading) (VP has (VP been (VP blamed (NP *-1) (PP-CLR for (NP (NP much) (PP of (NP (NP the market 's) recent volatility))))))) .)) (TOP (S (NP-SBJ Jaguar) (VP topped (NP the most-active list) , (SBAR-TMP as (S (NP-SBJ its American depository receipts) (VP climbed (NP-EXT (QP 1 3)) (PP-DIR to (NP (QP 13 5))) (SBAR with (S (NP-SBJ-1 (QP more than 6.6 million) ADRs) (VP traded (NP *-1)))))))) .)) (TOP (S (NP-SBJ Britain) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP waive (NP (NP its `` golden share '') (PP-LOC in (NP the luxury auto maker))) (SBAR-ADV if (S (NP-SBJ-1 shareholders) (VP vote (S (NP-SBJ *-1) (VP to (VP allow (S (NP-SBJ a suitor) (VP to (VP acquire (NP (NP (QP more than 15) %) (PP of (NP the company))))))))))))))))) .)) (TOP (S (NP-SBJ The announcement) (ADVP effectively) (VP removes (NP the British government) (PP-CLR as (NP (NP an impediment) (PP to (NP (NP a takeover) (PP of (NP (NP the company) , (SBAR (WHNP-75 which) (S (NP-SBJ-1 *T*-75) (VP is (VP being (VP stalked (NP *-1) (PP by (NP-LGS (NP General Motors) and (NP Ford))))))))))))))) .)) (TOP (S (NP-SBJ Gen-Probe) (VP was (NP-PRD another active takeover stock)) .)) (TOP (S (NP-SBJ It) (VP surged (NP-EXT (QP 2 3)) (PP-DIR to (NP 6)) (PP-LOC on (NP (NP volume) (PP of (NP (QP more than 1.7 million) shares)))) (SBAR-TMP after (S (NP-SBJ-1 the company) (VP agreed (S (NP-SBJ-2 *-1) (VP to (VP be (VP acquired (NP *-2) (PP by (NP-LGS (NP Japan 's) Chugai Pharmaceutical)) (PP-CLR for (NP (NP (QP about $ 110 million) *U*) -- (NP (NP (QP almost double) the market price) (PP of (NP (NP Gen-Probe 's) stock))))))))))))) .)) (TOP (S (NP-SBJ-1 Priam Corp.) (VP lost (NP (NP 5) (PP to (NP 3))) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP filing (PP-CLR for (NP (NP protection) (PP from (NP its creditors)))) (PP-LOC under (NP (NP Chapter 11) (PP of (NP the federal Bankruptcy Code)))))))) .)) (TOP (S (NP-SBJ MCI Communications) (VP added (NP (QP 1 1)) (PP-CLR to (NP (QP 43 3)))) .)) (TOP (S (NP-SBJ The company) (VP has (VP toted (PRT up) (NP (NP (QP over $ 40 million) *U*) (PP in (NP contracts))) (PP-TMP in (NP the past two days)))) .)) (TOP (S (NP-TMP Monday) , (NP-SBJ MCI) (VP announced (NP (NP a (ADJP (QP $ 27 million) *U*) multiyear contract) (PP with (NP the investment bank Stuart-James)))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ it) (VP received (NP a (ADJP (QP $ 15 million) *U*) , three-year contract ) (PP-CLR from (NP Drexel Burnham Lambert))) .)) (TOP (S (NP-SBJ (NP Florida National Banks) (PP of (NP Fla.))) (VP slid (NP-EXT (QP 1 1)) (PP-DIR to (NP (QP 24 3)))) .)) (TOP (S (NP-TMP Late Monday) , (NP-SBJ the Federal Reserve Board) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP delaying (NP (NP approval) (PP of (NP (NP (NP First Union Corp. 's) proposed (ADJP (QP $ 849 million) *U*) acquisition) (PP of (NP Florida National Banks))))) (PP pending (NP (NP the outcome) (PP of (NP (NP an examination) (PP into (NP (NP (NP First Union 's) lending practices) (PP-LOC in (NP low-income heighborhoods))))))))))))) .)) (TOP (S (NP-SBJ Florida National) (VP said (NP-TMP yesterday) (SBAR that (S (NP-SBJ it) (VP remains (ADJP-PRD committed (PP to (NP the merger))))))) .)) (TOP (S (NP-SBJ Dycom Industries) (VP gained (NP-EXT 3) (PP-DIR to (NP (QP 16 3))) (SBAR-TMP after (S (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP Ansco & Associates) and (NP two affiliates)) (PP-CLR for (NP cash and stock)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The value) (PP of (NP the transaction))) (VP was n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ (NP The companies) (VP being (VP acquired (NP *) ))) (VP provide (NP telecommunications services) (PP-CLR to (NP the telephone industry))) .)) (TOP (S (NP-SBJ (NP Willamette Industries) , (SBAR (WHNP-76 whose stock) (S (NP-SBJ *T*-76) (VP has (VP suffered (NP steep losses) (PP-TMP in (NP recent sessions)))))) ,) (VP surged (NP-EXT (QP 1 1)) (PP-DIR to (NP 49))) .)) (TOP (S (NP-SBJ The stock) (VP was (NP-PRD (NP one) (PP of (NP (NP many) (PP-LOC in (NP the paper products industry)))) (SBAR (WHNP-77 that) (S (NP-SBJ *T*-77) (VP rose (PP-TMP following (NP (NP (NP Georgia-Pacific 's) (ADJP (QP $ 3.18 billion) *U*) bid) (PP-CLR for (NP Great Northern Nekoosa))))))))) .)) (TOP (S (NP-SBJ (NP A permanent smoking ban) (PP on (NP (ADJP virtually all) domestic airline routes))) (VP won (NP (NP approval) (PP from (NP (NP the House) , (SBAR (WHNP-78 which) (S (NP-SBJ *T*-78) (ADVP-MNR separately) (VP sent (PP-DIR to (NP President Bush)) (NP (NP a (ADJP (QP nearly $ 67 billion) *U*) fiscal 1990 bill ) (PP including (NP (NP the first construction funds) (PP for (NP the space station)))))))))))) .)) (TOP (S (NP-SBJ The smoking prohibition) (VP remains (ADJP-PRD attached (PP to (NP (NP a (ADJP (QP $ 27.1 billion) *U*) transportation bill ) (SBAR (WHNP-79 that) (S (NP-SBJ *T*-79) (VP must (ADVP-TMP still) (VP overcome (NP (NP budget obstacles) (PP-LOC in (NP Congress))))))))))) .)) (TOP (S But (NP-SBJ (NP yesterday 's) action) (VP put (PP-PUT to (NP rest)) (NP (NP any lingering resistance) (PP from (NP tobacco interests)))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Faced (NP *-1) (PP-CLR with (NP inevitable defeat)))) , (NP-SBJ-2 the once dominant industry) (VP declined (NP (NP any recorded vote) (PP-LOC on (NP (NP the ban) , (SBAR (WHNP-80 which) (S (NP-SBJ *T*-80) (VP covers (NP (NP all) (PP but (NP (NP a fraction) (PP of (NP (NP 1 %) (PP of (NP (NP daily flights) (PP-LOC in (NP the U.S)))))))))))))))) .)) (TOP (S (NP-SBJ The sole exceptions) (VP are (NP-PRD (NP (NP an estimated 30 flights) (PP of (NP six hours (QP or more)))) (VP beginning or ending (PP-LOC in (NP Hawaii and Alaska))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Assuming (NP final enactment) (NP-TMP this month))) , (NP-SBJ-1 the prohibition) (VP will (VP take (NP effect) (UCP-TMP (ADVP (NP 96 days) later) , or (PP in (NP early February))))) .)) (TOP (S (PP-LOC On (NP a 394-21 roll call)) , (NP-SBJ the House) (VP adopted (NP the underlying transportation measure)) .)) (TOP (S But (NP-SBJ the bill) (ADVP-TMP still) (VP faces (NP budget questions) (SBAR-PRP because (S (NP-SBJ it) (ADVP also) (VP is (NP-PRD (NP the vehicle) (PP for (NP (NP an estimated (QP $ 3.1 billion) *U*) (PP in (NP (NP supplemental appropriations) (PP for (NP (NP law enforcement) and (NP anti-drug programs)))))))))))) .)) (TOP (S (S (NP-SBJ The additional spending) (VP pushes (NP the measure) (PP-DIR (NP (QP more than $ 2 billion) *U*) above (NP its prescribed budget ceiling)))) , and (S (NP-SBJ-1 the House Appropriations Committee leadership) (VP must (ADVP-TMP now) (VP seek (NP a waiver) (PP in (NP (NP hopes) (PP of (S-NOM (NP-SBJ *-1) (VP completing (NP action) (NP-TMP today))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP The separate (ADJP (QP $ 67 billion) *U*) bill ) (VP sent (NP *) (PP-DIR to (NP the White House)))) (VP had (NP budget difficulties) , (ADVP too))) , but (S (NP-SBJ-2 *-1) (VP was (VP saved (NP *-2) (ADVP-TMP ultimately) (PP by (NP-LGS (NP its importance) (PP to (NP (NP a broad spectrum) (PP of (NP (NP interests) (PP-LOC in (NP (NP Congress) and (NP (NP the administration) (NP itself))))))))))))) .)) (TOP (S (S (NP-SBJ (NP No single bill) (NP-TMP this year)) (VP includes (NP (NP more discretionary spending) (PP for (NP domestic programs))))) and , (S (PP apart (PP from (NP the space station))) , (NP-SBJ the measure) (VP incorporates (NP (NP far-reaching provisions) (VP affecting (NP the federal mortgage market))))) .)) (TOP (S (NP-SBJ-1 (NP The current ceiling) (PP-LOC on (NP (NP home loans) (VP insured (NP *) (PP by (NP-LGS the Federal Housing Administration)))))) (VP is (VP increased (NP *-1) (PP-DIR to (NP $ 124,875 *U*)) (PP-TMP during (NP fiscal 1990)))) .)) (TOP (S And (PP in (NP (NP anticipation) (PP of (NP increased lending)))) , (NP-SBJ (NP the cap) (PP-LOC on (NP FHA loan guarantees))) (VP would (VP rise (PP-DIR to (NP (QP approximately $ 73.8 billion) *U*)))) .)) (TOP (S (ADVP Separately) , (NP-SBJ the bill) (VP gives (NP authority (S *ICH*-1)) (PP-DTV to (NP (NP the Department) (PP of (NP (NP Housing) and (NP Urban Development))))) (S-1 (NP-SBJ *) (VP to (VP facilitate (NP (NP the refinancing) (PP of (NP (NP high-interest loans) (VP subsidized (NP *) (PP by (NP-LGS the government)) (PP-LOC under (NP (NP the so-called Section 235 home-ownership program) (PP for (NP lower-income families)))))))))))) .)) (TOP (S (NP-SBJ This provision) (VP met (NP (NP (ADJP early and strong) resistance) (PP from (NP (NP investment bankers) (VP worried (NP *) (PP-CLR about (NP (NP disruptions) (PP-LOC in (NP (NP their clients ') portfolios))))))))) .)) (TOP (S But (NP-SBJ-1 (NP the promise) (PP of (NP (NP (QP at least $ 15 million) *U*) (PP in (NP new savings))))) (VP helped (S (NP-SBJ *-1) (VP to (VP forge (NP (NP a partnership) (PP between (NP (NP HUD Secretary Jack Kemp) and (NP (NP lawmakers) (VP wanting (S (NP-SBJ *) (VP to (VP protect (NP (NP their projects) (ADVP-LOC elsewhere)))))))))))))) .)) (TOP (S (S (NP-SBJ (NP The estimated (QP $ 1.8 billion) *U*) (PP for (NP the space station))) (VP would (VP be (NP-PRD double (NP last year 's) level)))) , and (S (NP-SBJ (NP total appropriations) (PP for (NP the National Aeronautics and Space Administration))) (VP would (VP grow (NP-EXT 16 %) (PP-DIR to (NP (QP nearly $ 12.4 billion) *U*))))) .)) (TOP (S (NP-SBJ-1 (NP A string) (PP of (NP (NP costly projects) , (PP including (NP (NP the high-speed national aerospace plane) and (NP the advanced communications technology satellite))) ,))) (VP would (VP continue (S (NP-SBJ-2 *-1) (VP to (VP be (VP developed (NP *-2) (PP-MNR within (NP these limits)))))))) .)) (TOP (S And (SBAR-TMP while (S (NP-SBJ *-1) (VP imposing (NP (NP a statutory cap) (PP of (NP (QP $ 1.6 billion) *U*)) (PP on (NP future spending)))))) , (NP-SBJ-1 the bill) (VP would (VP give (NP NASA) (NP (QP $ 30 million) *U*) (PP for (NP (NP the start-up) (PP of (NP (NP the CRAF-Cassini mission) , (NP (NP a successor) (PP to (NP the Voyager space probe))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ-1 the National Science Foundation) (VP is (VP promised (NP *-1) (NP a (ADJP 7.7 %) increase) (S-CLR (NP-SBJ *) (VP to (VP bring (NP its appropriations) (PP-DIR to (NP (QP $ 2.07 billion) *U*))))))) .)) (TOP (S And (SBAR-TMP while (S (NP-SBJ *-1) (VP pursuing (NP these initiatives)))) , (NP-SBJ-1 (NP Congress) and (NP the White House)) (VP are (VP squeezed (NP *-1) (PP *ICH*-2) (ADVP too) (PP-2 by (NP-LGS (NP steady increases) (PRN -- (NP (QP $ 551 million) *U*) --) (PP-LOC in (NP (NP veteran 's) medical care)))))) .)) (TOP (S (NP-SBJ The result) (VP is (SBAR-PRD that (S (S (NP-SBJ all sides) (VP resort (PP-CLR to (NP (NP sleight) (PP of (NP hand)))) (S-PRP (NP-SBJ *) (VP to (VP make (NP room) (PP-CLR for (NP competing (UCP housing and environmental) programs))))))) , and (S (NP-SBJ the commitments) (ADVP-TMP now) (VP will (VP drive (NP excess spending) (PP-TMP into (NP fiscal 1991)))))))) .)) (TOP (S (NP-SBJ-1 (NP Senior members) (PP of (NP the House Budget Committee))) (VP are (VP (VP reduced (NP *-1) (PP in (NP frustration)) (PP-CLR to (S-NOM (NP-SBJ *) (VP raising (NP doomed parliamentary obstacles) (PP-CLR to (NP individual bills)))))) , yet (VP admit (SBAR that (S (NP-SBJ (NP much) (PP of (NP the disorder))) (ADVP-TMP now) (VP stems (PP-CLR from (NP (NP the fiscal legerdemain) (VP associated (NP *) (PP-CLR with (NP (NP their own summit agreement) (PP with (NP the White House)) (NP-TMP this past spring)))))))))))) .)) (TOP (S-2 `` (NP-SBJ (NP It) (S *EXP*-3)) (VP 's (ADJP-PRD hard) (S-3 (NP-SBJ *) (VP to (VP get (NP (NP (NP the administration 's) attention) (PP on (NP anything))))))) (PRN , '' (SINV (VP said (S *T*-2)) (NP-SBJ (NP Rep. Bill Frenzel) (PRN -LRB- (NP R.) , (NP-LOC Minn.) -RRB-))) ,) `` (SBAR-PRP because (S (NP-SBJ-1 the whole agreement) (VP was (VP built (NP *-1) (PP-LOC-CLR on (NP gimmickry)))))) . '')) (TOP (SINV (PP-LOC-TPC-1 Among (NP (NP the subsidies) (VP continued (NP *) (PP-LOC in (NP the transportation bill))))) (VP is (PP-PRD *T*-1)) (NP-SBJ (NP (QP $ 30.7 million) *U*) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP maintain (NP commercial air service) (ADVP-CLR *T*-2) (PP-CLR for (NP (NP an estimated 92 communities) , (RRC (ADVP-TMP often) (PP-LOC in (NP rural areas))))))))) ) .)) (TOP (S (NP-SBJ (NP Senate Appropriations Committee Chairman Robert Byrd) (PRN -LRB- (NP D.) , (NP-LOC W.Va .) -RRB-)) (VP (ADVP-MNR strongly) resisted (NP (NP deeper cuts) (VP sought (NP *) (PP by (NP-LGS the House))))) .)) (TOP (S But (PP-TMP at (NP (NP a time) (SBAR (WHADVP-1 when) (S (NP-SBJ-2 the White House) (VP wants (S (NP-SBJ *-2) (VP to (VP kill (NP the entire program)))) (ADVP-TMP *T*-1)))))) , (NP-SBJ Republicans) (VP have (VP been (PP-LOC-PRD among (NP its leading champions)))) .)) (TOP (S (S (NP-SBJ (NP Sen. Pete Domenici) (PRN -LRB- (NP R.) , (NP-LOC N.M.) -RRB-) , (NP (NP the ranking Republican) (PP-LOC on (NP the Senate Budget Committee))) ,) (VP used (NP-1 his influence) (S-CLR (NP-SBJ *-1) (VP to (VP preserve (NP (NP (QP more than $ 132,000) *U*) (PP in (NP (NP subsidies) (PP for (NP (NP air service) (PP-DIR to (NP (NP Sante Fe) , (NP-LOC N.M.) ,)))))))))))) and (S (NP-SBJ (QP more than $ 2.1 million) *U*) (VP would (VP go (PP-CLR for (NP (NP service) (PP to (NP (NP eight communities) (PP-LOC in (NP (NP the western Nebraska district) (PP of (NP (NP GOP Rep. Virginia Smith) (PP-LOC on (NP the House Appropriations Committee))))))))))))) .)) (TOP (S (NP-SBJ (NP GP Express) , (NP (NP an independent airline) (VP serving (NP (NP much) (PP of (NP Nebraska))))) ,) (VP estimates (SBAR that (S (NP-SBJ (NP (QP nearly 40) %) (PP of (NP its revenues))) (VP come (PP-DIR from (NP (NP the subsidies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) , (PP in (NP some cases)) , (VP exceed (NP (NP the cost) (PP of (NP a ticket)))))))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ a passenger) (VP can (VP fly (PP-DIR from (NP (NP Chardon) , (NP Neb.) ,)) (PP-DIR to (NP Denver)) (PP for (NP (QP as little as $ 89 to $ 109 ) *U*)) , (PP according (PP to (NP (NP prices) (VP quoted (NP *) (PP by (NP-LGS the company)))))))) .)) (TOP (S But (PP given (NP (NP the few number) (PP of (NP users)))) , (NP-SBJ-1 (NP the cost) (PP to (NP the federal government)) (PP per (NP passenger))) (VP is (VP estimated (NP *-1) (PP-CLR at (NP $ 193 *U*)) , (PP according (PP to (NP House and Senate appropriations committees))))) .)) (TOP (S (NP-SBJ The House action) (NP-TMP yesterday) (VP came (SBAR as (S (NP-SBJ the Senate) (VP remained (ADJP-PRD mired (PP in (NP (NP difficulties) (PP over (NP (NP a (ADJP (QP $ 17.25 billion) *U*) measure ) (VP covering (NP (NP the budgets) (PP for (NP the State , Commerce , and Justice departments)) (PP-TMP in (NP fiscal 1990))))))))))))) .)) (TOP (S (S (NP-SBJ-1 The compromise bill) (VP passed (NP the House) (NP-TMP last week))) but (S (NP-SBJ *-1) (VP has (ADVP-TMP now) (VP provoked (NP jurisdictional fights) (PP-CLR with (NP (NP the Senate Foreign Relations Committee) , (SBAR (WHNP-81 which) (S (NP-SBJ *T*-81) (VP (ADVP-MNR jealously) protects (NP (NP its prerogatives) (PP over (NP (NP operations) (PP-LOC at (NP the State Department))))))))))))) .)) (TOP (S (NP-SBJ The same jealousy) (VP can (VP breed (NP confusion) , (ADVP however) , (PP in (NP (NP the absence) (PP of (NP (NP any authorization bill) (NP-TMP this year))))))) .)) (TOP (S (NP-SBJ-1 House and Senate appropriators) (VP sought (S (NP-SBJ *-1) (VP to (VP establish (NP (NP a Nov. 30 deadline) (SBAR (WHPP-2 after (WHNP which)) (S (NP-SBJ their bill) (VP would (VP become (NP-PRD (NP the last word) (PP on (SBAR (WHADVP-3 how) (S (NP-SBJ funds) (VP are (VP distributed (ADVP-MNR *T*-3))))))) (PP-TMP *T*-2)))))))))) .)) (TOP (S But (PP-LOC on (NP a 53-45 roll call)) (NP-SBJ-1 this provision) (VP was (VP stripped (NP *-1) (PP-CLR from (NP the bill)) (NP-TMP last night) (SBAR-TMP after (S (NP-SBJ (NP Foreign Relations Chairman Claiborne Pell) (PRN -LRB- (NP D.) , (NP-LOC R.I .) -RRB-)) (VP complained (SBAR that (S (NP-SBJ it) (VP was (NP-PRD (NP an intrusion) (PP on (NP (NP exclusive powers) (VP vested (NP *) (PP-CLR in (NP his panel)) (PP-TMP for (NP (QP more than three) decades)))))))))))))) .)) (TOP (S (NP-SBJ Coda Energy Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP arranged (NP a (ADJP (QP $ 50 million) *U*) credit facility ) (PP-CLR with (NP (NP NCNB Texas National Bank) , (NP (NP a unit) (PP of (NP (NP NCNB Corp.) , (PP of (NP (NP Charlotte) , (NP N.C)))))))))))) .)) (TOP (S (NP-SBJ The Dallas oil and gas concern) (VP said (SBAR that (S (NP-SBJ-1 (NP (QP $ 10 million) *U*) (PP of (NP the facility))) (VP would (VP be (VP used (NP-3 *-1) (S-CLR (NP-SBJ *-3) (VP (VP to (VP consolidate (NP (NP (NP the company 's) (QP $ 8.1 million) *U*) (PP of (NP existing bank debt))))) , (VP to (VP repurchase (NP (NP (QP 4 million)) (PP of (NP (NP its (QP 4.9 million) shares) (ADJP outstanding) (PP of (NP Series D convertible preferred stock))))))) , and (VP to (VP purchase (NP (NP a (ADJP 10 %) net-profits interest) (PP in (NP certain oil and gas properties))) (PP-CLR from (NP (NP (NP one) (PP of (NP its existing lenders))) , (NP National Canada Corp))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The remaining (QP $ 40 million) *U*) (VP can (VP be (VP used (NP *-1) (PP-TMP over (NP three years)) (PP for (NP oil and gas acquisitions)))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Ted Eubank) , (NP (NP Coda 's) president) ,) (VP said (SBAR 0 (S (NP-SBJ the loan) (VP carries (NP (NP an interest rate) (PP of (NP (NP prime) plus (NP one percentage point)))) , (SBAR-ADV with (S (NP-SBJ (NP 85 %) (PP of (NP (NP (NP the company 's) net oil and gas revenue) (NP-TMP each month)))) (VP dedicated (NP *) (PP-CLR to (NP repayment)))))))) .))) (TOP (S (S-TPC-1 (NP-SBJ The company) (VP put (PRT up) (NP (NP `` virtually all '') (PP of (NP its oil and gas properties))) (PP-CLR as (NP collateral)))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 General Dynamics Corp.) (VP was (VP given (NP *-1) (NP (NP an (ADJP $ 843 million *U*) Air Force contract) (PP for (NP (NP F-16 aircraft) and (NP related equipment)))))) .)) (TOP (S (NP-SBJ (NP Loral Corp. 's) defense systems division) (VP received (NP (NP a (ADJP $ 54.9 million *U*) Air Force contract) (PP for (NP a F-15 weapons system trainer)))) .)) (TOP (S (NP-SBJ Southern Air Transport Inc.) (VP won (NP (NP (QP $ 47.5 million) *U*) (PP in (NP (NP Air Force and Navy contracts) (PP for (NP transportation services)))))) .)) (TOP (S (NP-SBJ-1 International Business Machines Corp.) (VP was (VP given (NP *-1) (NP (NP a (ADJP $ 31.2 million *U*) Air Force contract) (PP for (NP satellite data systems equipment))))) .)) (TOP (S (NP-SBJ Directed Technologies) (VP received (NP (NP a (ADJP $ 28.3 million *U*) Defense Advanced Research Projects Agency contract) (PP for (NP advanced propulsion systems research)))) .)) (TOP (S (NP-SBJ Propper International Inc.) (VP got (NP (NP a (ADJP $ 22.8 million *U*) Defense Logistics Agency contract) (PP for (NP combat camouflage trousers)))) .)) (TOP (S (NP-SBJ Santa Fe Pacific) (VP was (NP-PRD (NP the kind) (PP of (NP story)) (SBAR (WHNP-1 0) (S (NP-SBJ Wall Street) (VP loved (NP *T*-1)))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ-1 (NP the value) (PP of (NP its assets))) (VP was n't (VP known (NP *-1))))) , (NP-SBJ-2 analysts) (VP were (ADJP-PRD free (S (NP-SBJ *-2) (VP to (VP pick (NP a number)))))) .)) (TOP (S (PP-LOC In (NP (NP one) (PP of (NP many rosy scenarios)))) , (NP-SBJ (NP Bear Stearns 's) Gary Schneider) (VP wrote (PP-TMP in (NP March)) (SBAR that (S (NP-SBJ (NP its real estate) (ADJP alone)) (VP had (NP (NP a value) (PP of (NP (QP $ 4.5 billion) *U*))))))) .)) (TOP (S-1 (S (NP-SBJ *) (VP Throw (PRT in) (NP its railroad , minerals , pipeline and oil assets))) (PRN , (S (NP-SBJ he and others) (VP argued (S *T*-1))) ,) and (S (NP-SBJ the Chicago-based conglomerate) (VP should (VP be (PP-PRD worth (NP (NP 30) (NP-ADV a share)))))) .)) (TOP (SBARQ And (WHADVP why) (SQ should (NP-SBJ-1 holders) (VP expect (S (NP-SBJ *-1) (VP to (VP realize (NP that presumed `` worth)))))) ? '')) (TOP (S (NP-SBJ That) (VP was (NP-PRD (NP another reason) (SBAR (WHADVP-1 0) (S (NP-SBJ the Street) (VP loved (NP Santa Fe) (ADVP-PRP *T*-1)))))) .)) (TOP (S (PP With (S-NOM (NP-SBJ (NP real estate experts Olympia & York) and (NP (NP Samuel Zell 's) Itel)) (VP owning (NP (NP (QP close to 40) %) (PP of (NP (NP Santa Fe 's) stock)))))) , (NP-SBJ-1 management) (VP was (PP-PRD under (NP pressure (PRN -- (PP-LOC in (NP (NP a favored phrase) (PP of (NP Wall Street)))) --) (S (NP-SBJ *-1) (VP to (ADVP-MNR quickly) `` (VP maximize (NP values))))))) . '')) (TOP (S-1 But (NP-SBJ value) (PRN , (S (NP-SBJ it) (VP turns (PRT out) (SBAR 0 (S *T*-1)))) ,) (VP is (ADVP only) (SBAR-NOM-PRD (WHNP-82 what) (S (NP-SBJ a buyer) (VP will (VP pay (NP *T*-82)))))) .)) (TOP (S And (PP with (NP (NP the company 's) recent announcement (SBAR that (S (NP-SBJ it) (VP is (VP contemplating (NP (NP a partial sale) (PP of (NP its real estate))))))))) , (NP-SBJ the values) (ADVP-TMP suddenly) (VP look (ADJP-PRD poorer)) .)) (TOP (S (NP-SBJ Santa Fe) (VP has (VP disclosed (SBAR that (S (NP-SBJ-1 it) (VP is (VP negotiating (S (NP-SBJ *-1) (VP to (VP sell (NP (NP a (ADJP 20 %) interest) (PP-LOC in (NP its real estate unit))) (PP-DTV to (NP the California Public Employees Retirement System)) (PP-CLR for (NP (QP roughly $ 400 million) *U*))))))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ the real estate unit) (ADVP also) (VP includes (NP debt)))) , (NP-SBJ (NP the imputed value) (PP of (NP (NP the real estate) (NP itself)))) (VP is (NP-PRD (QP close to $ 3 billion) *U*)) .)) (TOP (S `` (S-1 (NP-SBJ (NP The implied current net asset value) (PP of (NP (NP 22.70) (PRN -LCB- (PP per (NP share)) -RCB-)))) (VP is (PP-LOC-PRD (ADVP well) below (NP (NP the 30 level) (SBAR (WHNP-83 that) (S (NP-SBJ the Street) (VP believed (NP *T*-83)))))))) , '' (NP-SBJ PaineWebber) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ The upside) (VP was (PP-LOC-PRD in (NP (NP the intangible real estate) ... (SBAR (WHNP-84 which) (S (NP-SBJ *T*-84) (VP is (ADVP-TMP no longer) (NP-PRD an intangible))))))) . '')) (TOP (SBARQ So (WHNP-1 what) (SQ is (NP-SBJ Santa Fe) (ADJP-PRD worth (NP *T*-1))) ?)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 the railroad) (VP is (VP valued (NP *-1) (PP-MNR on (NP a private market basis)) (PRN -- (PP-CLR at (NP (NP the same multiple) (PP of (NP earnings)) (PP as (PP in (NP (NP the recent sale) (PP of (NP CNW))))))) --))))) (NP-SBJ it) (VP would (VP have (NP (NP a value) (PP of (NP (QP $ 1.65 billion) *U*))))) .)) (TOP (S (NP-SBJ (NP A compromise) (PP between (NP bulls and bears))) (VP puts (NP remaining assets and cash) (PRN -- (PP including (NP (NP its (ADJP 44 %) stake) (PP-LOC in (NP its (ADJP publicly traded) pipeline)))) --) (PP-PUT at (NP $ 2 billion *U*))) .)) (TOP (S (NP-SBJ Santa Fe) (ADVP also) (VP has (NP (NP $ 3.7 billion *U*) (PP in (NP debt)))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ its railroad) (VP lost (NP (NP a (ADJP $ 750 million *U*) antitrust suit) , (SBAR (SBAR (WHNP-85 which) (S (NP-SBJ *T*-85) (VP is (PP-PRD on (NP appeal))))) , and (SBAR (WHNP-86 which) (S (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ-1 *T*-86) (VP could (VP be (VP settled (NP *-1) (PP-CLR for (NP one-third that amount))))))))))))) .)) (TOP (S (NP-SBJ That) (VP nets (PRT out) (PP-DIR to (NP (NP (QP about $ 17) *U*) (NP-ADV a share))) (PP for (NP the company)) (PP on (NP a private market basis))) .)) (TOP (S But (NP-SBJ-1 (NP Santa Fe) , (VP (ADVP-TMP currently) trading (PP-CLR at (NP 18 7))) ,) (VP is (ADJP-PRD n't likely (S (NP-SBJ-2 *-1) (VP to (VP realize (NP private market values) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP selling (NP assets)))))))) , (SBAR-PRP because (S (NP-SBJ (NP the tax) (PP against (NP it))) (VP would (VP be (ADJP-PRD onerous)))))) .)) (TOP (S (NP-SBJ-1 Its plan) , (ADVP instead) , (VP is (S-PRD (NP-SBJ *-1) (VP (VP to (VP spin (PRT off) (NP (NP the remainder) (PP of (NP its real estate unit))))) and (VP to (ADVP possibly) (VP do (NP the same) (PP with (NP its mining and energy assets))))))) .)) (TOP (S (NP-SBJ (NP Robert D. Krebs) , (NP (NP Santa Fe 's) chairman) ,) (VP argues (SBAR that (S (SBAR-PRP since (S (NP-SBJ its businesses) (VP are (VP valued (PP-MNR in (NP different ways)))))) , `` (NP-SBJ (NP the sum) (PP of (NP the parts))) (VP may (VP be (ADJP-PRD (ADJP greater) (PP than (NP the whole)))))))) . '')) (TOP (S But (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is n't (ADJP-PRD clear) (SBAR-1 (WHADVP-2 why) (S (NP-SBJ that) (VP should (VP be (ADVP-PRD so) (ADVP-PRP *T*-2)))))) .)) (TOP (S (NP-SBJ The spinoff argument) , (PP after (NP all)) , (VP reverses (NP the current notion (SBAR that (S (NP-SBJ assets) (VP are (ADJP-PRD worth (NP-ADV (NP (NP more) (PP to (NP private buyers))) (PP than (PP to (NP public shareholders)))))))))) .)) (TOP (S And (NP-SBJ real estate) (ADVP usually) (VP has n't (VP traded (ADVP-MNR well) (PP-LOC under (NP public ownership)))) .)) (TOP (S (NP-SBJ Salomon Brothers) (VP says , `` (S (NP-SBJ We) (VP believe (SBAR 0 (S (NP-SBJ the real estate properties) (VP would (VP trade (PP-MNR at (NP a discount)) ... (SBAR-TMP after (S (NP-SBJ the realty unit) (VP is (VP spun (PRT off)))))))))))) ... .)) (TOP (SBAR And what about (NP (NP the cost , and risk ,) (PP of (S-NOM (NP-SBJ-1 *) (VP waiting (S (NP-SBJ *-1) (VP to (VP realize (NP the hypothetical private market values)))))))) ? '')) (TOP (S (NP-SBJ Some analysts) (VP remain (ADJP-PRD bullish)) .)) (TOP (S (NP-SBJ (NP Mr. Schneider) (PP of (NP Bear Stearns))) (VP says (SBAR 0 (S (NP-SBJ he) (VP (VP is (VP recalculating (NP (NP the worth) (PP of (NP (NP the company 's) assets))))) and (PRN , (PP-TMP in (NP the meantime)) ,) (VP is (VP sticking (PP-CLR to (NP his `` buy '' recommendation)) (PP on (NP the belief (SBAR that (S (NP-SBJ he) (VP will (VP find (NP (NP `` values '') (PP of (NP (NP 30) (NP-ADV a share)))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP adds : `` (S (SBAR-ADV If (S (PP-PRP for (NP any reason)) (NP-SBJ I) (VP do n't (VP have (NP the values))))) , (ADVP then) (NP-SBJ I) (VP wo n't (VP recommend (NP it))))) . '')) (TOP (S (NP-SBJ (NP First Boston 's) Graeme Anne Lidgerwood) (VP values (NP Santa Fe) (PP-CLR at (NP 24)) , (ADVP down (PP from (NP (NP her earlier estimate) (PP of (NP 29)))))) .)) (TOP (S (NP-SBJ Her recent report) (VP classifies (NP the stock) (PP-CLR as (NP a `` hold))) . '')) (TOP (S But (NP-SBJ-1 it) (VP appears (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the sort) (PP of (NP hold)) (SBAR (WHNP-2 0) (S (NP-SBJ-3 one) (VP makes (NP *T*-2) (SBAR-TMP while (S (NP-SBJ *-3) (VP heading (PP-DIR for (NP the door))))))))))))) .)) (TOP (S (S (NP-SBJ *) (VP Quoting (PP-CLR from (NP the report)))) : `` (S (NP-SBJ (NP (NP The stock 's) narrow discount) (PP to (NP asset valuation))) (VP makes (S (NP-SBJ it) (NP-PRD (NP a relatively unappealing investment) (PP-LOC at (NP current prices)))) , (PP (ADVP especially) given (NP the risk (SBAR that (S (NP-SBJ our projections) (VP could (VP be (PP-PRD on (NP the aggressive side)))))))))) . '')) (TOP (S (NP-SBJ Chairman Krebs) (VP says (SBAR 0 (S (NP-SBJ the California pension fund) (VP is (VP getting (NP (NP a bargain price) (SBAR (WHNP-87 that) (S (NP-SBJ-1 *T*-87) (VP would n't (VP have (VP been (VP offered (NP *-1) (PP-DTV to (NP others)))))))))))))) .)) (TOP (S (PP In (NP other words)) : (NP-SBJ The real estate) (VP has (NP (NP a higher value) (SBAR than (S (NP-SBJ the pending deal) (VP suggests (NP *?*)))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ (NP most) (PP of (NP (NP the unit 's) real estate))) (VP is (PP-PRD in (NP California))))) , (NP-SBJ the pension fund) (VP will (VP be (NP-PRD a useful political ally) (PP-LOC in (NP (NP a state) (SBAR (WHADVP-1 where) (S (NP-SBJ-2 development) (VP is (ADVP-TMP often) (VP held (NP *-2) (NP-CLR (NP hostage) (PP to (NP zoning boards))) (ADVP-LOC *T*-1))))))))) .)) (TOP (S-2 And (PRN , (SBAR as (S (NP-SBJ Mr. Zell) (VP says (S *T*-2)))) ,) (SBAR-ADV with (S (NP-SBJ (NP Itel) and (NP O&Y)) (PP-LOC-PRD on (NP (NP the unit 's) board)))) , (NP-SBJ-1 the real estate) (VP will (VP be (VP run (NP *-1) (PP by (NP-LGS `` a very unusual group '')) (S-ADV (NP-SBJ *) (VP to (VP say (NP the least))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADJP-PRD possible) (ADVP then) (SBAR-1 that (S (NP-SBJ (NP Santa Fe 's) real estate) (PRN -- (PP-LOC (ADVP even) in (NP (NP a state) (VP imperiled (NP *) (PP by (NP-LGS earthquakes))))) --) (VP could , (NP-TMP one day) , (VP fetch (NP (NP a king 's) ransom)))))) .)) (TOP (S-1 But (PRN (SBAR-ADV as (S (NP-SBJ Drexel analyst Linda Dunn) (VP (S (NP-SBJ *T*-1) (VP notes)))))) , (NP-SBJ-2 its properties) (VP will (VP be (VP developed (NP *-2) (PP-TMP over (NP (QP 15 to 20) years))))) .)) (TOP (S So (PP despite (NP (NP (NP Wall Street 's) rosy talk) (PP of (S-NOM (NP-SBJ *) (VP (ADVP-MNR quickly) `` maximizing (NP values)))))) , '' (NP-SBJ holders) (VP could (VP be (PP-PRD in (PP for (NP a long wait))))) .)) (TOP (NP-HLN (NP Santa Fe Pacific) (PRN -LRB- (NP NYSE) ; (NP (NP Symbol) : (NP SFX)) -RRB-))) (TOP (FRAG (NP (NP Business) : (NP (NP Railroad) , (NP natural resources) and (NP real estate))))) (TOP (NP-HLN (NP Year) (VP ended (NP-TMP Dec. 31 , 1988)) :)) (TOP (FRAG (NP (NP Revenue) : (NP $ 3.14 billion *U*)))) (TOP (NP (NP Net loss) : (NP (NP (QP $ 46.5 million) *U*) ; (NP (NP 30 cents) (NP-ADV a share))))) (TOP (NP-HLN (NP (NP Third quarter) , (NP Sept. 30 , 1989)) :)) (TOP (FRAG (NP (NP (NP Net income) : (NP (NP 21 cents) (NP-ADV a share))) (PP vs. (NP (NP net loss) (PP of (NP (NP $ 4.11 *U*) (NP-ADV a share)))))))) (TOP (NP (NP Average daily trading volume) : (NP 344,354 shares))) (TOP (S (S-TPC-2 (NP-SBJ (NP Orkem S.A.) , (NP a French state-controlled chemical manufacturer) ,) (VP is (VP making (NP (NP a friendly bid) (PP of (NP (NP 470 pence) (PRN -LRB- (NP $ 7.43 *U*) -RRB-) (NP-ADV a share))) (PP for (NP (NP the 59.2 %) (PP of (NP U.K. specialty chemical group Coates Brothers PLC)) (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP does n't (ADVP-PRP already) (VP own (NP *T*-1))))))))))) , (NP-SBJ the two sides) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 (NP The offer) , (SBAR (WHNP-88 which) (S (NP-SBJ *T*-88) (VP values (NP (NP the whole) (PP of (NP Coates))) (PP-CLR at (NP (QP # 301 million) *U*))))) ,) (VP has (ADVP-TMP already) (VP been (VP accepted (NP *-1) (PP by (NP-LGS (NP (NP Coates executives) and (NP other shareholders)) (VP owning (NP (NP 12.4 %) (PP of (NP the company))))))))) .)) (TOP (S (NP-SBJ The acceptances) (VP give (NP Orkem) (NP (NP a controlling (ADJP 53.2 %) stake) (PP in (NP the company)))) .)) (TOP (S (NP-SBJ Orkem and Coates) (VP said (NP-TMP last Wednesday) (SBAR that (S (NP-SBJ the two) (VP were (VP considering (NP (NP a merger) , (PP through (NP (NP (NP Orkem 's) British subsidiary) , (NP Orkem Coatings U.K. Ltd))))))))) .)) (TOP (S (NP-SBJ (NP Orkem) , (NP (NP France 's) third-largest chemical group) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP fund (NP the acquisition) (PP-CLR through (NP internal resources))))))) .)) (TOP (S (NP-SBJ-1 The takeover) (VP would (VP be (VP followed (NP *-1) (PP by (NP-LGS (NP a restructuring) (PP of (NP (NP Orkem 's) U.K. unit)) , (PP including (NP (NP the addition) (PP of (NP (NP related Orkem businesses) and (ADVP possibly) (NP further acquisitions)))))))))) .)) (TOP (S (NP-SBJ Orkem) (VP said (SBAR 0 (S (NP-SBJ-1 it) (ADVP eventually) (VP would (VP seek (S (NP-SBJ *-1) (VP to (VP make (NP (NP a public share offering) (PP-LOC in (NP its U.K. business))))))))))) .)) (TOP (S (NP-SBJ Intelogic Trace Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP exploring (NP (NP alternatives) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP maximize (NP shareholder value))))) , (PP including (NP (NP the possible sale) (PP of (NP the company)))))))))) .)) (TOP (S But (NP-SBJ (NP Asher B. Edelman) , (SBAR (WHNP-89 who) (S (NP-SBJ *T*-89) (VP controls (NP (NP (QP about 16) %) (PP of (NP the (NAC-LOC San Antonio , Texas ,) computer-servicing company)))))) ,) (VP insisted (SBAR that (S (NP-SBJ the announcement) (VP did n't (VP have (NP (NP anything) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1) (PP with (NP (NP the ongoing battle) (PP for (NP (NP control) (PP of (NP Datapoint Corp)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Any sale) (PP of (NP Intelogic))) (VP could (VP have (NP (NP an impact) (PP on (NP (NP the battle) (PP between (NP (NP Mr. Edelman) and (NP New York attorney Martin Ackerman))) (PP for (NP (NP control) (PP of (NP Datapoint))))))))) .)) (TOP (S (NP-SBJ Intelogic) (VP holds (NP (NP 27.5 %) (PP of (NP (NP (NP Datapoint 's) common shares) (ADJP outstanding))))) .)) (TOP (S (NP-SBJ Mr. Edelman) (VP said (SBAR 0 (S (NP-SBJ the decision) `` (VP has (NP (NP nothing) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1) (PP-CLR with (NP Marty Ackerman))))))))))) . '')) (TOP (S (NP-SBJ Mr. Ackerman) (VP contended (SBAR that (S (NP-SBJ it) (VP was (NP-PRD (NP a direct response) (PP to (NP his efforts (S (NP-SBJ *) (VP to (VP gain (NP (NP control) (PP of (NP Datapoint))))))))))))) .)) (TOP (S (NP-SBJ Intelogic) (VP was (VP spun (PRT off) (PP-CLR from (NP Datapoint)) (ADVP-TMP (NP four years) ago) , (SBAR-TMP (ADVP shortly) after (S (NP-SBJ Mr. Edelman) (VP took (NP (NP control) (PP of (NP Datapoint)))))))) .)) (TOP (S (NP-SBJ Marks & Spencer PLC) (VP reported (NP (NP a (ADJP 12 %) gain) (PP-LOC in (NP first-half pretax profit))) , (PP-PRP (ADVP mainly) because of (NP improving performances (PP-LOC in (NP the (NX (NX U.K.) and (NX continental Europe))))))) .)) (TOP (S (PP-TMP In (NP (NP the six months) (VP ended (NP-TMP Sept. 30)))) , (NP-SBJ (NP pretax profit) (PP-LOC at (NP the British clothing and food retailer))) (VP rose (PP-DIR to (NP (NP (QP # 208.7 million) *U*) (PRN -LRB- (NP (QP $ 330.1 million) *U*) -RRB-))) (PP-DIR from (NP (QP # 185.5 million) *U*) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (S (NP-SBJ The results) (VP surpassed (NP (NP (NP analysts ') forecasts) , (SBAR (WHNP-90 which) (S (NP-SBJ *T*-90) (VP averaged (NP (QP around # 200 million) *U*))))))) , and (S (NP-SBJ Marks & Spencer) (VP responded (PP in (NP (NP trading) (PP-LOC on (NP (NP London 's) Stock Exchange)))) (PP-CLR with (NP (NP an eight pence rise) (PP to (NP 188 pence)))))) .)) (TOP (S (S (NP-SBJ (NP Profit) (PP-TMP (PP after (NP tax and minority interest)) but (PP before (NP extraordinary items)))) (VP rose (NP-EXT 12 %) (PP-DIR to (NP (QP # 135.2 million) *U*)))) ; (S (NP-SBJ per-share earnings) (VP rose (PP-DIR to (NP five pence)) (PP-DIR from (NP 4.5 pence)))) .)) (TOP (S (NP-SBJ Marks) (VP declared (NP (NP an interim per-share dividend) (PP of (NP 1.85 pence))) , (PP compared (PP with (NP (NP 1.7 pence) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ Sales) (VP increased (NP-EXT 11 %) (PP-DIR to (NP (QP # 2.5 billion) *U*)) (PP-DIR from (NP (QP # 2.25 billion) *U*)) , (SBAR-ADV while (S (NP-SBJ operating profit) (VP climbed (NP-EXT 13 %) (PP-DIR to (NP (QP # 225.7 million) *U*)) (PP-DIR from (NP (QP # 199.8 million) *U*)))))) .)) (TOP (S (NP-SBJ-1 (NP Sales) (PP-LOC in (NP (NP North America) and (NP the Far East)))) (VP were (VP inflated (NP *-1) (PP by (NP-LGS acquisitions)) , (S-ADV (NP-SBJ *-1) (VP rising (NP-EXT 62 %) (PP-DIR to (NP (QP # 278 million) *U*)))))) .)) (TOP (S (NP-SBJ Operating profit) (VP dropped (NP-EXT 35 %) , (ADVP however) , (PP-DIR to (NP (QP # 3.8 million) *U*))) .)) (TOP (S (NP-SBJ (NP Brooks Brothers) , (SBAR (WHNP-1 which) (S (NP-SBJ Marks) (VP bought (NP *T*-1) (NP-TMP last year)))) ,) (VP saw (S (NP-SBJ operating profit) (VP drop (PP-EXT in (NP half)) (PP-DIR to (NP (QP # 5 million) *U*))))) .)) (TOP (S (S (NP-SBJ (UCP Federal and state) thrift examiners) (VP said (SBAR 0 (S (NP-SBJ they) (VP saw (NP (NP evidence) (PP of (NP criminal wrongdoing))) (PP-LOC-CLR in (NP (NP the collapse) (PP of (NP Lincoln Savings & Loan Association))))))))) , and (S (NP-SBJ a California regulator) (VP described (NP (NP an attempted `` whitewash '') (PP by (NP (NP deputies) (PP of (NP chief federal regulator Danny Wall))))))) .)) (TOP (S (PP In (NP (NP a riveting day) (PP of (NP (NP hearings) (PP-LOC before (NP the House Banking Committee)))))) , (NP-SBJ the examiners) (VP described (S (NP-SBJ *) (VP finding (NP (NP shredded documents) , (NP a mysterious Panamanian subsidiary) , (NP (NP (NP millions) (PP of (NP dollars))) (VP funneled (NP *) (PP-DIR into (NP a Swiss bank)))) , and (NP (NP a complacent attitude) (PP by (NP (NP (NP Mr. Wall 's) deputies) , (SBAR (WHNP-1 (WHNP one) (WHPP of (WHNP whom))) (S (NP-SBJ-2 *T*-1) (VP was (VP portrayed (NP *-2) (PP-CLR as (S-NOM (NP-SBJ *) (VP acting (PP (PP (ADVP more) like (NP (NP a public-relations man) (PP for (NP the thrift)))) (PP than (NP a federal regulator))))))))))))))))) .)) (TOP (S (NP-SBJ A California official) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ he) (VP sent (NP (NP the Federal Bureau) (PP of (NP Investigation))) (NP (NP a packet) (PP of (NP (NP documents) (VP relating (PP-CLR to (NP (NP (NP a (ADJP previously reported) (ADJP $ 400,000 *U*) contribution) (PP from (NP (NP Lincoln 's) parent))) (VP solicited (NP *) (PP by (NP-LGS (NP Sen. Alan Cranston) (PRN -LRB- (NP D.) , (NP-LOC Calif .) -RRB-)))))))))))))) .)) (TOP (S (NP-SBJ Federal examiner Alex Barabolak) (VP said (SBAR 0 (S (NP-SBJ (NP Lincoln 's) operations) (VP amounted (PP-CLR to `` (S-NOM (NP-SBJ *) (VP pyramiding (NP debt) (S-PRP (NP-SBJ *) (VP to (VP provide (NP a luxurious life style) (PP-BNF for (NP its owners)))))))))))) . '')) (TOP (S (NP-SBJ (NP Another federal examiner) , (NP John Meek) ,) (VP said (SBAR 0 (S (NP-SBJ (NP (NP (NP Lincoln 's) principal owner) , (NP Charles Keating Jr.) ,) and (NP his family)) (VP drew (PRT off) (NP (QP at least $ 34 million) *U*) (PP-CLR from (NP the thrift)) (PP in (NP (NP salaries , bonuses and proceeds) (PP from (NP (NP securities sales) (PP in (NP-TMP (NP the (QP 3 1) years) (SBAR-TMP before (S (NP-SBJ federal authorities) (VP seized (NP it) (NP-TMP earlier this year)))))))))))))) .)) (TOP (S (NP-SBJ (NP Lincoln 's) collapse) (VP may (VP cost (NP taxpayers) (NP (QP as much as $ 2.5 billion) *U*) , (PP according (PP to (NP estimates))) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ it) (NP-PRD (NP the (ADJP most expensive) thrift failure) (PP-TMP in (NP history)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD (NP overwhelming evidence) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP indicate (NP probable criminal activity))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Mr. Meek) , (SBAR (WHNP-91 who) (S (NP-SBJ *T*-91) (VP participated (NP-TMP last year) (PP-CLR in (NP (NP an examination) (PP of (NP the (NAC-LOC Irvine , Calif. ,) thrift)))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the evidence) (VP pointed (PP-CLR to (NP (NP wrongdoing) (PP by (NP (NP Mr. Keating) `` and (NP others))))) , '' (SBAR-ADV although (S (NP-SBJ he) (VP did n't (VP allege (NP any specific violation))))))))) .)) (TOP (S (NP-SBJ (NP Richard Newsom) , (NP (NP a California state official) (SBAR (WHNP-92 who) (S (NP-TMP last year) (NP-SBJ *T*-92) (VP examined (NP (NP (NP Lincoln 's) parent) , (NP American Continental Corp.) ,)))))) (VP said (SBAR 0 (S (NP-SBJ he) (ADVP also) (VP saw (NP evidence (SBAR that (S (NP-SBJ-1 crimes) (VP had (VP been (VP committed (NP *-1))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (ADVP sure) (VP smells (PP-CLR like (NP it)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP 30 %) (PP of (NP (NP the loans) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP sampled (NP *T*-1))))))) (VP were `` (NP-PRD dead meat) (PP-TMP on (NP (NP the day) (SBAR (WHADVP-2 0) (S (NP-SBJ-3 they) (VP were (VP made (NP *-3) (ADVP-TMP *T*-2))))))))))) . '')) (TOP (S (NP-SBJ The state examiner) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 (NP supervisors) (PP of (NP a parallel federal examination))) (VP seemed (ADJP-PRD (ADJP so reluctant (S (NP-SBJ *-1) (VP to (VP demand (NP (NP write-downs) (PP of (NP (NP Lincoln 's) bad loans))))))) (SBAR that (S (NP-SBJ he) (ADVP-TMP immediately) (VP grew (ADJP-PRD suspicious))))))))) .)) (TOP (S `` (S-TPC-1 (ADVP-TMP Later on) , (NP-SBJ (NP my concerns) (PP about (NP a whitewash))) (VP became (ADJP-PRD even more serious))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP (VP called (S (NP-SBJ the sour loans) `` (ADJP-PRD appalling) '')) and (VP added , `` (S (S (NP-SBJ You) (VP opened (NP the file) (PRT up))) and (S (NP-SBJ it) (ADVP just) (VP jumped (PP-CLR at (NP you))))))) . '')) (TOP (S (NP-SBJ (NP Leonard Bickwit) , (NP (NP a Washington attorney) (PP for (NP (NP Lincoln 's) parent corporation))) ,) (VP said (PP-LOC in (NP an interview)) , `` (S (NP-SBJ We) (VP deny (NP (NP any criminal behavior) (PP by (NP (NP the association) or (NP its officers))))))) . '')) (TOP (S `` (S-TPC-1 (NP-SBJ (NP Those) (SBAR (WHNP-93 who) (S (NP-SBJ *T*-93) (VP testified (PRN -LCB- (NP-TMP yesterday) -RCB-))))) (VP have (VP (ADVP-MNR consistently) maintained (SBAR that (S (NP-SBJ (NP anyone) (SBAR (WHNP-94 who) (S (NP-SBJ *T*-94) (VP did n't (VP agree (PP-CLR with (NP them))))))) (VP is (NP-PRD (NP part) (PP of (NP (NP a coverup) , (NP a whitewash) , or (NP (NP the subject) (PP of (NP excessive influence)))))))))))) , '' (NP-SBJ Mr. Bickwit) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ We) (ADVP simply) (VP do n't (VP agree (PP-CLR with (NP (NP that) or (NP (NP the findings) (PP of (NP their investigation))))))) . '')) (TOP (S (NP-SBJ (NP Mr. Wall 's) deputies) (VP complained (SBAR that (S (NP-SBJ-1 they) (VP had n't (VP been (VP given (NP *-1) (NP an opportunity (S (NP-SBJ *) (VP to (VP respond (PP-CLR to (NP (NP the criticism) (VP brought (PRT out) (PP-TMP during (NP (NP (NP the Banking Committee 's) hearings) , (SBAR (WHNP-2 which) (S (NP-SBJ (NP Committee Chairman Henry Gonzalez) (PRN -LRB- (NP D.) , (NP-LOC Texas) -RRB-)) (VP has (VP used (NP *T*-2) (PP-CLR as (NP a forum)) (S-CLR (NP-SBJ *) (VP (VP to (VP flay (NP (NP (NP Mr. Wall 's) handling) (PP of (NP the affair))))) and (VP to (VP demand (SBAR that (S (NP-SBJ he) (VP step (ADVP-DIR aside) (PP-DIR from (NP his job)))))))))))))))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP A couple) (PP of (NP things)) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Newsom) (VP said (NP *T*-1))))) (VP were (ADJP-PRD (ADVP at least) misleading))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Kevin O'Connell) , (NP (NP one) (PP of (NP (NP the Washington regulators) (ADJP responsible (PP for (NP (NP the handling) (PP of (NP Lincoln))))))))) .)) (TOP (S (PP-LOC In (NP an interview)) , (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ federal regulators) (VP (ADVP-TMP eventually) (VP declared (S (NP-SBJ (NP one) (PP of (NP (NP the loans) (SBAR (WHNP-1 0) (S (NP-SBJ the state regulator) (VP cited (NP *T*-1))))))) (VP to (VP be (NP-PRD a total loss))))) , and (VP forced (S (NP-SBJ Lincoln) (VP to (VP make (NP (NP an (ADJP (QP $ 18 million) *U*) downward adjustment) (PP-LOC on (NP another))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP Our response) (PP to (NP the whitewash))) (VP would (ADVP simply) (VP be , (SBAR-PRD 0 (S (NP-SBJ *) (VP look (SBAR-CLR (WHNP-95 what) (S (NP-SBJ *T*-95) (VP happened))))))))) , '' (NP-SBJ (NP another Washington official) , (NP Alvin Smuzynski) ,) (VP said (S *T*-1) (PP-LOC in (NP an interview))) .)) (TOP (S (NP-SBJ Federal officials) (VP seized (NP the association) (PP-TMP in (NP April)) , (SBAR-TMP (NP-ADV a day) after (S (NP-SBJ the parent corporation) (VP entered (NP bankruptcy-law proceedings))))) .)) (TOP (S (NP-SBJ The government) (ADVP-TMP later) (VP brought (NP a (ADJP (QP $ 1.1 billion) *U*) fraud suit) (PP-CLR against (NP (NP Mr. Keating) and (NP others)))) .)) (TOP (S (NP-SBJ Rep. Gonzalez) (VP has (VP complained (SBAR that (S (NP-SBJ-1 regulators) (VP waited (ADVP-TMP far too long) , (ADVP however) , (S-ADV (NP-SBJ *-1) (VP ignoring (NP (NP a recommendation (S *ICH*-2)) (PP from (NP regional officials)) (S-2 (NP-SBJ *) (VP to (VP place (NP Lincoln) (PP-CLR into (NP receivership)) (SBAR-TMP (NP-ADV two years) before (S (NP-SBJ it) (VP failed)))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ He) (VP took (NP (NP the reckless course) (PP of (S-NOM (NP-SBJ *) (VP ignoring (NP the evidence))))))) , '' (NP-SBJ Rep. Gonzalez) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ State thrift examiner Eugene Stelzer) (VP said (SBAR 0 (S (NP-SBJ he) (VP found (S (NP-SBJ the chief federal examiner Steve Scott) (VP to (VP be (ADJP-PRD totally uninterested (PP in (NP (NP one allegedly fraudulent series) (PP of (NP transactions)))))))))))) .)) (TOP (S `` (S-TPC-1 (ADVP Frankly) , (NP-SBJ it) (VP was (SBAR-PRD like (S (NP-SBJ he) (VP worked (PP-CLR for (NP the Lincoln public-relations department))))))) , '' (NP-SBJ Mr. Stelzer) (VP testified (S *T*-1)) .)) (TOP (S And (NP-SBJ (NP David Riley) , (NP (NP a federal examiner) (SBAR (WHNP-96 who) (S (NP-SBJ *T*-96) (VP worked (PP-LOC under (NP Mr. Scott)))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP found (S (NP-SBJ his chief) (ADJP-PRD oddly upbeat (PP about (NP Lincoln)))))))) .)) (TOP (S (S (NP-SBJ-2 *-1) (VP Asked (S (NP-SBJ *-2) (VP to (VP comment))))) , (NP-SBJ-1 (NP a spokesman) (PP for (NP Mr. Scott))) (VP said : `` (S (NP-SBJ Mr. Scott) (VP has (VP spoken (PP-CLR to (NP (NP his attorney) , (SBAR (WHNP-97 who) (S (NP-SBJ *T*-97) (VP has (VP advised (S (NP-SBJ him) not (VP to (VP talk (PP-CLR to (NP anybody))))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Meek) (VP said (SBAR that (S (SBAR-TMP (NP-ADV a day or two) before (S (NP-SBJ (NP Lincoln 's) parent) (VP entered (NP bankruptcy proceedings)))) , (NP-SBJ (NP he) and (NP other examiners)) (VP saw `` (NP (NP a truck) (PP with (NP (NP a sign) (PP-LOC on (NP it)) (SBAR (WHNP-98 that) (S (NP-SBJ *T*-98) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (PP-PRD from (NP the ` Document Destruction Center))))))))))))))) . ')) (TOP (S (NP-SBJ We) (VP observed (S (NP-SBJ-1 (NP (QP at least two) large plastic bags) (PP of (NP shredded paper))) (VP loaded (NP *-1) (PP-CLR into (NP this truck))))) . '')) (TOP (S (NP-SBJ Mr. Bickwit) (VP said (SBAR 0 (S (NP-SBJ-1 the paper) (VP had (VP been (VP donated (NP *-1) (PP-CLR to `` (NP (NP a charitable organization) (SBAR (WHNP-99 that) (S (NP-SBJ *T*-99) (VP sells (NP it) (PP-PRP for (NP recycling))))))))))))) .)) (TOP (S (NP-SBJ They) (VP shredded (NP it) (SBAR-PRP (ADVP simply) because (S (NP-SBJ it) (VP contained (NP (NP financial information) (PP about (NP their creditors and depositors))))))) . '')) (TOP (S (NP-SBJ Mr. Meek) (VP said (SBAR 0 (S (NP-SBJ-1 his suspicions) (VP were (VP aroused (NP *-1) (PP by (NP-LGS (NP several foreign investments) (PP by (NP Lincoln)) , (PP including (NP (NP (NP (QP $ 22 million) *U*) (VP paid (NP *) (PP-DTV to (NP (NP Credit Suisse) (PP of (NP Switzerland)))))) , (NP (NP an (ADJP (QP $ 18 million) *U*) interest) (PP in (NP (NP Saudi European Bank) (PP-LOC in (NP Paris))))) , (NP (NP a (ADJP (QP $ 17.5 million) *U*) investment) (PP-LOC in (NP a Bahamas trading company))) , and (NP (NP a (ADJP recently discovered) holding) (PP-LOC in (NP (NP a Panama-based company) , (NP Southbrook Holdings))))))))))))) .)) (TOP (S (NP-SBJ Mr. Bickwit) (VP (VP said , `` (S (NP-SBJ I) (VP can (VP see (SBAR (WHADVP-2 why) (S (NP-SBJ an S&L examiner) (VP would (VP regard (NP these) (PP-CLR as (NP unusual activities)) (ADVP-PRP *T*-2))))))))) , '' but (VP said (SBAR 0 (S (NP-SBJ the overseas investments) `` (ADVP essentially) (VP broke (ADVP-CLR even) '' (PP for (NP the S&L))))))) .)) (TOP (S (NP-SBJ LTV Steel Co.) (VP is (VP boosting (NP (NP the prices) (PP of (NP flat rolled steel products))) (PP-EXT by (NP (NP an average) (PP of (NP 3 %)))) (PP-TMP following (NP (NP a recent erosion) (PP-LOC in (NP (NP the prices) (PP of (NP such crucial steel products)))))))) .)) (TOP (S (NP-SBJ The big questions) (VP are (SBAR-PRD (SBAR whether (S (NP-SBJ (NP the increase) , (RRC (ADJP effective) (NP-TMP Jan. 1 , 1990)) ,) (VP will (VP stick)))) , and (SBAR whether (S (NP-SBJ other major steelmakers) (VP will (VP follow (NP-CLR suit))))))) .)) (TOP (S (NP-SBJ It) (VP is (ADVP widely) (VP expected (SBAR that (S (NP-SBJ they) (VP will (VP *?*)))))) .)) (TOP (S (NP-SBJ The increase) (VP is (PP-PRD on (NP (NP the base price) , (SBAR (WHNP-100 which) (S (NP-SBJ-1 *T*-100) (VP is (ADVP-PRD already (VP being (VP discounted (NP *-1) (PP by (NP-LGS virtually all steel producers))))))))))) .)) (TOP (S But (NP-SBJ (NP LTV 's) move) (VP marks (NP (NP the first effort (S *ICH*-1)) (PP by (NP a major steelmaker)) (S-1 (NP-SBJ *) (VP to (VP counter (NP (NP the free fall) (PP-LOC in (NP spot prices)))))))) .)) (TOP (S (NP-SBJ Major steel producers) (VP are (VP selling (NP cold rolled sheet steel) (PP-CLR at (NP (NP (QP about $ 370) *U*) (NP-ADV a ton))) , (PP compared (PP with (NP (NP a peak price) (PP of (NP (NP $ 520 *U*) (NP-ADV a ton)) (PP-TMP in (NP 1988)))))))) .)) (TOP (S (NP-SBJ Second-tier companies) (VP are (VP receiving (NP (NP even less) (PP per (NP ton))))) .)) (TOP (S (NP-SBJ (NP (NP LTV 's) planned increase) , (SBAR (WHNP-101 which) (S (NP-SBJ-1 *T*-101) (VP was (VP announced (NP *-1) (PP-LOC in (NP (NP an Oct. 26 memo) (PP to (NP district managers)))))))) ,) (VP does n't (VP affect (NP (NP electrogalvanized steel) or (NP tin plate)))) .)) (TOP (S (NP-SBJ-1 LTV) (VP confirmed (NP the price-increase plan) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ-2 the move) (VP is (VP designed (S (NP-SBJ *-2) (VP (VP to (VP (ADVP-MNR more accurately) reflect (NP (NP the value) (PP of (NP products))))) and (VP to (VP put (NP steel) (PP-PUT on (NP (NP (ADJP more equal) footing) (PP with (NP other commodities))))))))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP (NP LTV Steel) , (SBAR (WHNP-102 which) (S (NP-SBJ *T*-102) (VP is (NP-PRD (NP a unit) (PP of (NP Dallas-based LTV Corp.)))))))) ,) (VP noted (SBAR that (S (NP-SBJ (NP steel prices) , (VP adjusted (NP *) (PP-CLR for (NP inflation))) ,) (VP increased (NP-EXT only 1.7 %) (PP-TMP between (NP (NP 1981) and (NP (NP the fourth quarter) (PP of (NP 1988))))) , (SBAR-TMP while (S (NP-SBJ (NP the prices) (PP of (NP other industrial commodities))) (VP increased (NP-ADV (QP nearly five times as much))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 steelmakers) (VP are (VP trying (S (NP-SBJ-2 *-1) (VP to (VP invest (NP more) (S-PRP (NP-SBJ *-2) (VP to (VP (VP modernize (NP technology)) and (VP make (S (NP-SBJ themselves) (ADJP-PRD more competitive))))))))))) .)) (TOP (S But (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ-1 the company) (VP is (ADVP also) (VP trying (S (NP-SBJ *-1) (VP to (VP prevent (NP further price drops))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ they) (VP note (SBAR that (S (NP-SBJ-2 LTV) (VP may (VP be (VP trying (NP *-2) (S (NP-SBJ *-2) (VP to (VP send (NP a signal (SBAR *ICH*-1)) (PP-DTV to (NP (NP major customers) , (PP such as (NP (NP Chrysler Corp.) and (NP Whirlpool Corp.))) ,)) (SBAR-1 that (S (NP-SBJ steelmakers) (VP need (NP more money))))))))))))) .)) (TOP (S (NP-SBJ Both companies) (VP are (PP-PRD in (NP (NP the process) (PP of (S-NOM (NP-SBJ *) (VP negotiating (NP (NP contracts) (PP with (NP LTV and others))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP They) (PRN -LCB- LTV -RCB-)) (VP may (VP believe (SBAR 0 (S (NP-SBJ this) (VP (VP can (VP impact (NP contract negotiations))) and (VP is (NP-PRD (NP their signal (SBAR *ICH*-3)) (PP to (NP the world)) (SBAR-3 that (S (NP-SBJ now) (VP is (NP-PRD (NP the time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP get (ADJP-PRD tough (PP on (NP prices))) (ADVP-TMP *T*-2))))))))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Peter Marcus) , (NP (NP an analyst) (PP with (NP PaineWebber Inc)))) .)) (TOP (S (NP-SBJ Mr. Marcus) (VP believes (SBAR 0 (S (NP-SBJ-1 spot steel prices) (VP will (VP (VP continue (S (NP-SBJ *-1) (VP to (VP fall))) (PP-TMP through (NP early 1990))) and then (VP reverse (NP themselves))))))) .)) (TOP (S (NP-SBJ He) (VP is n't (VP convinced , (ADVP though) , (SBAR that (S (NP-SBJ the price decline) (VP reflects (NP falling demand)))) (SBAR-PRP because (S (NP-SBJ the world economy) (VP remains (ADJP-PRD relatively strong)))))) .)) (TOP (S And (S-TPC-2 (SBAR-ADV while (S (NP-SBJ-1 (NP customers) (PP such as (NP steel service centers))) (VP are (VP continuing (S (NP-SBJ *-1) (VP to (VP reduce (NP inventories)))) (PP-TMP through (NP the fourth quarter)))))) , (NP-SBJ they) (ADVP-TMP eventually) (VP will (VP begin (VP stocking (PRT up) (ADVP-TMP again))))) , (NP-SBJ he) (VP notes (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP wo n't (VP be (ADJP-PRD clear) (PP-TMP for (NP months)) (SBAR-1 whether (S (NP-SBJ the price increase) (VP will (VP stick)))))) .)) (TOP (S (NP-SBJ-1 Steelmakers) (VP (VP announced (NP (NP a round) (PP of (NP base-price increases))) (NP-TMP last year)) , but (VP began (S (NP-SBJ *-1) (VP offering (NP sizable discounts) (PP-TMP over (NP the summer)))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ LTV) (VP was (NP-PRD (NP the first steelmaker) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (ADVP-MNR publicly) (VP boost (NP (NP discounts) (PP for (NP (NP buyers) (PP of (NP (NP cold rolled sheet steel) and (NP hot-dipped galvanized sheet steel)))))))))))) .)) (TOP (S (PP In (NP composite New York Stock Exchange trading)) (NP-TMP yesterday) , (NP-SBJ-1 LTV common shares) (VP fell (NP-EXT 12.5 cents) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 1.50 *U*)))))) .)) (TOP (S (NP-SBJ-1 The Treasury) (VP plans (S (NP-SBJ *-1) (VP to (VP raise (NP (NP (QP $ 2.3 billion) *U*) (PP in (NP new cash))) (PP with (NP (NP the sale) (NP-TMP Monday) (PP of (NP (NP (QP about $ 16 billion) *U*) (PP in (NP short-term bills)))))) (S-PRP (NP-SBJ *) (VP to (VP redeem (NP (NP (QP $ 13.71 billion) *U*) (PP in (NP maturing bills)))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ the Treasury) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP postpone (NP the auction) (SBAR-ADV unless (S (NP-SBJ it) (VP has (NP (NP assurances) (PP of (NP (NP enactment) (PP of (NP (NP legislation) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP raise (NP the statutory debt limit)))))))))) (PP-TMP before (NP the scheduled auction date)))))))))) .)) (TOP (S (NP-SBJ-1 The offering) (VP will (VP be (VP divided (NP *-1) (ADVP-MNR evenly) (PP between (NP (NP (ADJP 13-week and 26-week) bills) (VP maturing (PP-TMP-CLR on (NP (NP Feb. 8 , 1990) , and (NP May 10 , 1990) , (ADVP respectively))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Tenders) (PP for (NP the bills))) , (ADJP available (PP in (NP minimum (ADJP $ 10,000 *U*) denominations ))) ,) (VP must (VP be (VP received (NP *-1) (PP-TMP by (NP (NP 1 p.m. EST) (NP Monday))) (PP-LOC (PP at (NP the Treasury)) or (PP at (NP Federal Reserve banks or branches)))))) .)) (TOP (S (NP-SBJ J.C. Penney Co.) (VP is (VP extending (NP (NP its involvement) (PP-LOC in (NP a televised home-shopping service))) (PP-TMP-CLR by (NP (QP five to 10) years)))) .)) (TOP (S (NP-SBJ (NP Shop Television Network Inc.) (PRN , (PP-LOC of (NP Los Angeles)) ,)) (VP said (SBAR 0 (S (NP-SBJ-1 Penney) (VP agreed (S (NP-SBJ *-1) (VP to (VP continue (NP (NP its exclusive arrangement) (PP with (NP (NP Shop Television) , (SBAR (WHNP-103 which) (S (NP-SBJ *T*-103) (VP does (NP the (NX (NX production) , (NX marketing) and (NX cable distribution))) (PP for (NP the J.C. Penney Television Shopping Channel))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The channel) (VP reaches (NP (QP 6.5 million) homes))) , (NP-SBJ a Penney spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Michael Rosen) , (NP (NP president) (PP of (NP Shop Television))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 Penney) (VP decided (S (NP-SBJ *-1) (VP to (VP extend (NP (NP its involvement) (PP with (NP the service))) (PP-TMP for (NP (QP at least five) years))))))))) .)) (TOP (S (SBAR-ADV If (S , (PP-TMP by (NP that time)) , (NP-SBJ the network) (VP reaches (NP (QP 14 million) homes)))) , (NP-SBJ-1 the contract) (VP will (VP be (VP renewed (NP *-1) (PP-TMP for (NP five more years))))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ-1 Penney) (VP abandoned (NP (NP another home shopping venture) , (NP Telaction Corp.) ,) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP investing (NP (QP $ 106 million) *U*) (PP-CLR in (NP it)))))) .)) (TOP (S (NP-SBJ The company) (VP took (NP (NP a (ADJP (QP $ 20 million) *U*) charge) (VP *ICH*-1)) (PP-TMP in (NP (NP the fiscal first quarter) (VP ended (NP *) (NP-TMP April 29)))) , (VP-1 related (PP-CLR to (S-NOM (NP-SBJ *) (VP discontinuing (NP the service)))))) .)) (TOP (S -LRB- (PP-TMP During (NP its centennial year)) , (NP-SBJ The Wall Street Journal) (VP will (VP report (NP (NP events) (PP of (NP the past century)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stand (PP-CLR as (NP (NP milestones) (PP of (NP American business history)))))))))) . -RRB-)) (TOP (S-HLN (NP-SBJ-1 LUTHER BURBANK) (VP CROSS-BRED (NP PLANTS) (S-PRP (NP-SBJ *-1) (VP to (VP produce (NP the billion-dollar Idaho potato))))) .)) (TOP (S (NP-SBJ-1 Bioengineers) (VP set (PRT out) (S-CLR (NP-SBJ *-1) (VP to (VP duplicate (NP that feat) (PRN -- (ADVP-MNR scientifically and commercially) --) (PP-MNR with (NP new life forms)))))) .)) (TOP (S (PP-TMP In (NP 1953)) , (NP-SBJ (NP James Watson) and (NP his colleagues)) (VP unlocked (NP (NP the double helix) (PP of (NP (NP DNA) (PRN -LRB- (NP deoxyribonucleic acid) -RRB-) , (NP (NP the genetic key) (PP to (NP heredity))))))) .)) (TOP (S (ADVP-TMP (NP Twenty years) later) , (NP-SBJ-1 (NP two California academics) , (NP (NP Stanley Cohen) and (NP Herbert Boyer)) ,) (VP made (NP `` recombinant '' DNA) , (S-ADV (NP-SBJ *-1) (VP transplanting (NP (NP a toad 's) gene) (PP-CLR into (NP (NP bacteria) , (SBAR (WHNP-104 which) (S (ADVP-TMP then) (NP-SBJ *T*-104) (VP reproduced (NP toad genes))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Boyer) (VP met (NP (NP Robert Swanson) , (NP an M.I.T.-trained chemist-turned-entrepreneur)) (PP-TMP in (NP 1976)) (ADVP-TMP *T*-1)))) , (NP-SBJ they) (VP saw (NP dollar signs)) .)) (TOP (S (PP With (NP (NP (NP $ 500 *U*) (ADVP apiece)) and (NP (NP an injection) (PP of (NP outside capital))))) , (NP-SBJ they) (VP formed (NP Genentech Inc)) .)) (TOP (S (NP-SBJ-1 Commercial gene-splicing) (VP was (VP born (NP *-1))) .)) (TOP (S (NP-SBJ (NP (NP Genentech 's) first product) , (NP (NP a brain protein) (VP called (S (NP-SBJ *) (NP-PRD somatostatin)))) ,) (VP proved (NP its technology)) .)) (TOP (S (S (NP-SBJ (NP The next) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP be (VP cloned (NP *-2)))))) , (NP human insulin) ,) (VP had (NP market potential))) and (S (NP-SBJ Genentech) (VP licensed (NP it) (PP-CLR to (NP (NP Eli Lilly) , (SBAR (WHNP-105 which) (S (NP-SBJ *T*-105) (VP produced (NP (NP 80 %) (PP of (NP (NP the insulin) (VP used (NP *) (PP by (NP-LGS (QP 1.5 million) U.S. diabetics))))))))))))) .)) (TOP (S (S (NP-SBJ Their laboratory credentials) (VP established (NP *))) , (NP-SBJ Boyer and Swanson) (VP headed (PP-DIR for (NP Wall Street)) (PP-TMP in (NP 1980))) .)) (TOP (S (PP-TMP At (NP the time)) , (NP-SBJ Genentech) (VP had (NP (NP (NP (NP only one profitable year) (PP behind (NP it))) (PRN -LRB- (NP (NP a modest $ 116,000 *U*) (PP on (NP (NP revenue) (PP of (NP (QP $ 2.6 million) *U*)) (PP-TMP in (NP 1979))))) -RRB-)) and (NP (NP no product) (PP of (NP its own)) (PP-LOC on (NP the market))))) .)) (TOP (S (ADVP Nonetheless) , (NP-SBJ (NP the (ADJP (QP $ 36 million) *U*) issue) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP floated (NP *T*-1) (PP-TMP in (NP 1980)))))) (VP (VP opened (PP-CLR at (NP $ 35 *U*))) and (VP leaped (PP-DIR to (NP $ 89 *U*)) (PP-TMP within (NP 20 minutes)))) .)) (TOP (S (NP-SBJ (NP The trip) (PP from (NP the test tube))) (VP was not (PP-PRD without (NP snags))) .)) (TOP (S (S (NP-SBJ-1 (NP Boyer and Cohen) (PRN , (PP for (NP instance)) ,) (NP both still university researchers) ,) (VP had (S (NP-SBJ-2 *-1) (VP to (VP be (VP talked (NP *-2) (PP-CLR into (S-NOM (NP-SBJ *) (VP applying (PP-CLR for (NP (NP a patent) (PP-LOC on (NP their gene-splicing technique))))))))))))) -- and (ADVP-TMP then) (S (NP-SBJ-3 the Patent Office) (VP refused (S (NP-SBJ *-3) (VP to (VP grant (NP it)))))) .)) (TOP (S (NP-SBJ-1 That judgment) , (PP in (NP turn)) , (VP was (VP reversed (NP *-1) (PP by (NP-LGS the U.S. Supreme Court)) , (S-ADV (NP-SBJ *) (VP leaving (S (NP-SBJ Cohen and Boyer) (VP holding (NP (NP (NP the first patents) (PP for (S-NOM (NP-SBJ *) (VP making (NP recombinant DNA))))) (PRN -LRB- (VP (ADVP-TMP now) assigned (PP-CLR to (NP their schools))) -RRB-)))))))) .)) (TOP (S (NP-SBJ Gene-splicing) (ADVP-TMP now) (VP is (NP-PRD (NP an integral part) (PP of (NP the drug business)))) .)) (TOP (S (NP-SBJ (NP Genentech 's) 1988 sales) (VP were (NP-PRD (QP $ 335 million) *U*) , (PP both from (NP licensing) and (NP its own products))) .)) (TOP (S (NP-SBJ (NP The portfolio unit) (PP of (NP the French bank group Credit Lyonnais))) (VP told (NP stock market regulators) (SBAR that (S (NP-SBJ it) (VP bought (NP (NP 43,000 shares) (PP of (NP Cie. de Navigation Mixte))) , (S-PRP (ADVP apparently) (NP-SBJ-1 *) (VP to (VP help (S (NP-SBJ *-1) (VP fend (PRT off) (NP (NP an unwelcome takeover bid) (PP for (NP the company)))))))))))) .)) (TOP (S (NP-TMP Earlier yesterday) , (NP-SBJ-1 the Societe de Bourses Francaises) (VP was (VP told (NP *-1) (SBAR that (S (NP-SBJ (NP a unit) (PP of (NP Framatome S.A.))) (ADVP also) (VP bought (NP Navigation Mixte shares) , (S-ADV (NP-SBJ this purchase) (VP covering (NP (QP more than 160,000) shares)))))))) .)) (TOP (S (NP-SBJ Both companies) (VP are (NP-PRD (NP allies) (PP of (NP Navigation Mixte)) (PP-LOC in (NP (NP its fight) (PP against (NP (NP a hostile takeover bid) (VP launched (NP *) (NP-TMP last week) (PP by (NP-LGS Cie))))))))) .)) (TOP (NP (NP Financiere de Paribas) (PP at (NP (NP 1,850 French francs) (PRN -LRB- (NP $ 297 *U*) -RRB-) (NP-ADV a share))) .)) (TOP (S (NP-SBJ (NP Navigation Mixte 's) chairman) (VP had (VP suggested (SBAR that (S (NP-SBJ-1 friendly institutions) (VP were (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP buy (NP its stock) (ADVP-TMP as soon (SBAR as (S (NP-SBJ trading) (VP opened (NP-TMP Monday)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The Credit Lyonnais purchase) (PRN , (PP for (NP (NP 33,000 regular common shares) and (NP 10,000 newly created shares))) ,)) (VP is (VP valued (NP *-1) (PP-CLR at (NP (QP about slightly more than 80 million) French francs)))) .)) (TOP (S (NP-SBJ (NP Unocal Corp.) , (NP-LOC Los Angeles) ,) (VP said (SBAR 0 (S (NP-SBJ (NP it) and (NP Petroleos de Venezuela S.A.)) (VP would (VP create (NP a petroleum marketing and refining general partnership) (PP-LOC in (NP the Midwest))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The joint venture) , (NP Uno-Ven Co.) ,) (VP would (VP (VP generate (NP (NP total annual revenue) (PP of (NP (QP about $ 500 million) *U*)))) and (VP have (NP 1,100 employees))))) , (NP-SBJ a Unocal spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Unocal) (VP said (SBAR 0 (S (NP-SBJ the venture) (VP would (VP enable (S (NP-SBJ it) (VP to (VP (VP recover (NP (NP more) (PP of (NP its refining and marketing investment)))) and (VP prepare (PP-CLR for (NP (NP expected growth) (PP-LOC in (NP (NP exploration) , (NP production) , (NP chemicals) and (NP other areas)))))))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ financing) (VP would (VP consist (PP-CLR of (NP (NP (NP $ 250 million *U*) (PP from (NP a private placement)) (VP obtained (NP *) (PP-MNR through (NP Shearson Lehman Hutton Inc.)))) and (NP (NP a (ADJP (QP $ 150 million) *U*) revolving credit line) (VP underwritten (NP *) (PP by (NP-LGS Chase Manhattan Bank))))))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP (NP (NP Unocal 's) 153,000 barrel-a-day refinery) (PP-LOC near (NP (NP Lemont) , (NP Ill.) ,)))))) (NP-SBJ the new venture) (VP would (VP control (NP (NP 17 distribution terminals) , (NP a lubricating-oil blending and packaging plant) , and (NP 131 company-owned Unocal service stations)))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ (NP the venture) , (VP expected (S (NP-SBJ *) (VP to (VP take (NP-CLR control) (PP-CLR of (NP the facilities)) (NP-TMP Dec. 1))))) ,) (VP would (ADVP also) (VP serve (NP another 3,300 independent Unocal gasoline stations)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Petroleos) (VP will (VP supply (NP (NP 135,000 barrels) (PP of (NP oil)) (NP-ADV a day)) (PP-CLR for (NP the refinery))))) , (NP-SBJ Unocal) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Mitsubishi Heavy Industries Ltd.) (VP said (SBAR 0 (S (NP-SBJ (NP unconsolidated pretax earnings) (PP-TMP in (NP the fiscal first half))) (VP surged (NP-EXT 79 %) (PP-DIR to (NP (NP a record (QP 63.25 billion) yen) (PRN -LRB- (NP (QP $ 445.7 million) *U*) -RRB-))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP strong demand) (PP for (NP (NP a variety) (PP of (NP products))))))))))) .)) (TOP (S (PP-TMP In (NP (NP the period) (VP ended (NP *) (NP-TMP Sept. 30)))) , (NP-SBJ net income) (VP rose (NP-EXT 90 %) (PP-DIR to (NP (NP (QP 31.18 billion) yen) , or (NP (NP 9.34 yen) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP 16.38 billion) yen) , or (NP (NP 5.05 yen) (NP-ADV a share))))) .)) (TOP (S (ADVP-TMP (NP A year) ago) , (NP-SBJ the Tokyo company) (VP had (NP (NP pretax profit) (PP of (NP (QP 35.38 billion) yen)))) .)) (TOP (S (NP-SBJ-1 Sales) (VP amounted (PP-CLR to (NP (QP 1.011 trillion) yen)) , (S-ADV (NP-SBJ *-1) (VP climbing (NP-EXT 29 %) (PP-DIR from (NP (QP 787.02 billion) yen))))) .)) (TOP (S (S (NP-SBJ-1 *-2) (VP Encouraged (NP *-1) (PP by (NP-LGS the brisk performance)))) , (NP-SBJ-2 Mitsubishi) (VP plans (S (NP-SBJ *-2) (VP to (VP raise (NP its per-share dividend) (PP-DIR to (NP 3.50 yen)) (PP-DIR from (NP three yen)))))) .)) (TOP (S (NP-SBJ Company officials) (VP said (SBAR 0 (S (NP-SBJ (NP the current robust domestic demand) (SBAR (WHNP-106 that) (S (NP-SBJ *T*-106) (VP has (VP been (VP fueling (NP sustained economic expansion))))))) (VP (VP helped (VP push (ADVP-DIR up) (NP (NP sales) (PP of (NP (NP products) (PP like (NP (NP ships) , (NP steel structures) , (NP power systems) and (NP machinery)))))))) and (VP resulted (PP-CLR in (NP (ADJP sharply higher) profit))))))) .)) (TOP (S (S (NP-SBJ Senate leaders) (VP traded (NP (NP proposals) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP speeding (NP (NP action) (PP-LOC on (NP (NP legislation) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP (VP narrow (NP the deficit)) and (VP raise (NP (NP the federal government 's) debt limit)))))))))))))))) -- but (S (NP-SBJ the major stumbling block) (VP remains (NP-PRD (NP President Bush 's) proposal (S (NP-SBJ *) (VP to (VP cut (NP the capital-gains tax rate))))))) .)) (TOP (S (NP-SBJ Democrats) (VP want (S (NP-SBJ the tax provision) (VP to (VP be (NP-PRD (NP a separate bill) , (ADJP subject (PP to (NP the usual procedural obstacles)))))))) .)) (TOP (S (NP-SBJ-1 Republicans) , (ADVP-TMP meanwhile) , (VP want (S (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP protect (NP the measure) (PP-MNR by (S-NOM (NP-SBJ *) (VP combining (NP it) (PP-CLR with (NP (NP two politically popular issues) (SBAR (WHNP-107 that) (S (NP-SBJ Democrats) (VP could (VP find (S (NP-SBJ-3 *T*-107) (ADJP-PRD hard (SBAR (WHNP-4 0) (S (NP-SBJ *-3) (VP to (VP block (NP *T*-4))))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The talks) (PP between (NP (NP (NP Senate Majority Leader George Mitchell) (PP of (NP Maine))) and (NP (NP his GOP counterpart) , (NP (NP Sen. Robert Dole) (PP of (NP Kansas))) ,)))) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP resume (NP-TMP today)))))) .)) (TOP (S (NP-TMP Last night) , (PP-TMP after (S-NOM (NP-SBJ *) (VP meeting (PP-CLR with (NP (NP Mr. Bush) and (NP administration officials))) (PP-LOC at (NP the White House))))) , (NP-SBJ Mr. Dole) (VP proposed (S (NP-SBJ *) (VP (VP streamlining (NP (NP the fiscal 1990 deficit-reduction bill) , (ADJP now stalled (PP in (NP a House-Senate conference committee))))) , and (VP passing (NP (NP a long-term extension) (PP of (NP the federal debt ceiling))) (PP without (NP any accompanying amendments)))))) .)) (TOP (S (PP-LOC Under (NP this plan)) , (NP-SBJ (NP two provisions) (RRC (ADVP-TMP currently) (PP-LOC in (NP (NP the House version) (PP of (NP the deficit-cutting bill))))) (PRN -- (NP (NP repeal) (PP of (NP both (NP the catastrophic-illness insurance program) and (NP (NP a controversial 1986 tax provision) (VP intended (S (NP-SBJ *) (VP to (VP counter (NP (NP discrimination) (PP-LOC in (NP employee-benefit plans))))))))))) --)) (VP would (VP be (VP made (NP *) (PP-CLR into (NP a separate bill))))) .)) (TOP (S (NP-SBJ-1 Republicans) (VP would (VP try (S (NP-SBJ *-1) (VP to (VP attach (NP a capital-gains provision) (PP-CLR to (NP that legislation))))) , (S-ADV (NP-SBJ *-1) (VP hoping (SBAR 0 (S (NP-SBJ (NP the political popularity) (PP of (NP its other two parts))) (VP would (VP dissuade (NP Democrats) (PP-CLR from (S-NOM (NP-SBJ *) (VP blocking (NP it)))))))))))) .)) (TOP (S (NP-SBJ-1 Democrats) (VP want (S (NP-SBJ-2 *-1) (VP to (VP avoid (S (NP-SBJ-3 *-2) (VP having (S (NP-SBJ *-3) (VP to (VP make (NP that choice)))))) (PP-MNR by (S-NOM (NP-SBJ *) (VP making (S (NP-SBJ the capital-gains tax cut) (NP-PRD an individual bill))))))))) .)) (TOP (S (NP-SBJ Sen. Mitchell) (VP is (ADJP-PRD confident (SBAR 0 (S (NP-SBJ he) (VP has (NP sufficient votes (S (NP-SBJ *) (VP to (VP block (NP such a measure) (PP-MNR with (NP procedural actions))))))))))) .)) (TOP (S (NP-SBJ Both plans) (VP would (VP (VP drop (NP child-care provisions) (PP-CLR from (NP (NP the House version) (PP of (NP the deficit-reduction legislation))))) and (VP let (S (NP-SBJ it) (VP progress (PP-MNR as (NP a separate bill))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ that) (VP could (VP make (S (NP-SBJ it) (ADJP-PRD vulnerable (PP to (NP (NP a veto) (PP by (NP Mr. Bush)))))))))) , (NP-SBJ Democrats) (VP argue (SBAR that (S (NP-SBJ a presidential rejection) (VP would (VP give (NP their party) (NP (NP a valuable issue) (PP-LOC in (NP (NP next year 's) congressional elections)))))))) .)) (TOP (S (NP-SBJ-1 Senate Democrats) (VP are (S (NP-SBJ *-1) (VP to (VP meet (NP-TMP today) (S-PRP (NP-SBJ *-1) (VP to (VP consider (NP the GOP proposal)))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ Mr. Dole) (VP seemed (ADJP-PRD weary (PP of (NP (NP (NP the Bush administration 's) strategy) (PP of (S-NOM (NP-SBJ *) (VP pushing (NP the capital-gains measure) (PP-TMP at (NP every chance)) (PP-CLR in (NP (NP the face) (PP of (NP Democratic procedural hurdles))))))))))) .)) (TOP (S-2 (S-NOM-SBJ-3 (NP-SBJ *) (VP Pushing (NP (NP the issue) (PP on (NP (NP legislation) (VP needed (NP *) (S-PRP (NP-SBJ *) (VP to (VP avoid (NP (NP default) (PP by (NP the federal government)))))))))))) (PRN , (S (NP-SBJ he) (VP told (NP reporters (SBAR 0 (S *T*-2))))) ,) `` (VP does n't (VP seem (S (NP-SBJ *-3) (VP to (VP be (NP-PRD very good strategy)))) (PP to (NP me)))) . '')) (TOP (S (PP-TMP At (NP (NP 12:01 a.m. EST) (NP today))) , (NP-SBJ (NP the federal government 's) temporary (ADJP (QP $ 2.87 trillion) *U*) debt limit ) (VP expired) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP avoid (NP default)))) , (NP-SBJ-1 lawmakers) (VP must (VP pass (NP (NP legislation) (VP raising (NP the limit) (PP-DIR to (NP (QP $ 3.12 trillion) *U*)) (PP-DIR from (NP (QP $ 2.80 trillion) *U*)))) (PP-TMP by (NP next Wednesday)) , (PP according (PP to (NP the Treasury))))) .)) (TOP (S (S (NP-SBJ-1 *-2) (VP Pressed (NP *-1) (PP by (NP-LGS (NP Chairman Dan Rostenkowski) (PRN -LRB- (NP D.) , (NP-LOC Ill .) -RRB-) (PP of (NP the House Ways and Means Committee)))))) , (NP-SBJ-2 Treasury Undersecretary Robert Glauber) (VP told (NP a congressional hearing) (SBAR that (S (NP-SBJ-3 the administration) (VP would (VP give (PRT up) (NP (NP its demand) (PP for (NP the capital-gains tax cut))) (SBAR-ADV if (S (NP-SBJ *-3) (VP faced (PP-CLR with (NP a potential default)))))))))) .)) (TOP (S (NP-SBJ Price Stern Sloan Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP hired (NP (NP an investment banking firm) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP assist (PP-CLR in (S-NOM (NP-SBJ *) (VP evaluating (NP restructuring or merger alternatives)))))))))) and (VP reported (NP (NP a net loss) (PP of (NP (NP (QP $ 8.1 million) *U*) , or (NP (NP $ 2.14 *U*) (NP-ADV a share)) ,))) (PP-TMP for (NP (NP the third quarter) (VP ended (NP *) (NP-TMP Sept))))))))) .)) (TOP (S (NP-SBJ These results) (VP compare (PP-CLR with (NP (NP net income) (PP of (NP (NP (QP $ 1.8 million) *U*) , or (NP (NP 44 cents) (NP-ADV a share)))) , (PP for (NP (NP the corresponding period) (NP-TMP last year)))))) .)) (TOP (S (NP-SBJ (NP This quarter 's) loss) (VP includes (NP (NP pretax charges) (PP of (NP (NP (NP (QP $ 4.9 million) *U*) (PP on (NP (NP the proposed discontinuation) (PP of (NP (NP the company 's) troubled British subsidiary))))) , and (NP (NP (QP $ 3.7 million) *U*) (PP of (NP (NP other write-offs) (SBAR (WHNP-1 0) (S (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ *T*-1) (VP were (ADJP-PRD (ADJP non-recurring) and (ADJP principally related (PP to (NP (NP inventory) , (NP publishing advances) and (NP pre-publication costs)))))))))))))))))) .)) (TOP (S (NP-SBJ The publishing concern) (VP said (SBAR 0 (S (NP-SBJ it) (VP retained (NP (NP the investment banking firm) (PP of (NP Donaldson , Lufkin & Jenrette Securities Inc.)) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP act (PP-CLR as (NP its financial adviser)) , (S-ADV (NP-SBJ *-2) (VP assisting (PP-CLR in (NP (NP the evaluation) (PP of (NP (NP various (ADJP financial and strategic) alternatives) , (PP including (NP (NP debt refinancing) , (S-NOM (NP-SBJ *) (VP raising (NP capital))) , (NP recapitalization) , (NP (NP a merger or sale) (PP of (NP the company)))))))))))))))))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP retained (NP (NP attorney Martin P. Levin) , (NP (NP a director) (PP of (NP the company))) and (NP (NP former head) (PP of (NP the Times-Mirror Publishing Group))) ,) (PP-CLR as (NP an adviser))) .)) (TOP (S (NP-SBJ (NP Net sales) (PP-TMP for (NP (NP this year 's) third quarter))) (VP were (NP-PRD $ 14 million *U*) , (ADVP down (PP from (NP (QP $ 21.4 million) *U*) (NP-TMP last year)))) .)) (TOP (S (NP-SBJ The company) (VP attributed (NP the decrease) (PP-CLR (PP (PP in (NP part)) to (NP (NP the exclusion) (PP of (NP (NP the company 's) British sales)) (PP from (NP (NP the current year 's) figures)) (PP as (NP (NP a result) (PP of (NP (NP (NP the subsidiary 's) status) (PP as (NP a proposed discontinued operation)))))))) and (PP , (PP in (NP part)) , to (NP (NP lower sales) (PP-LOC in (NP certain key (ADJP foreign and domestic) accounts)))))) .)) (TOP (S (NP-SBJ (NP U.K. sales) (PP-TMP for (NP (NP last year 's) quarter))) (VP were (NP-PRD (QP about $ 3 million) *U*)) .)) (TOP (S (NP-SBJ Stock prices) (VP surged (SBAR-TMP as (S (NP-SBJ-1 a multibillion-dollar takeover proposal) (VP helped (S (NP-SBJ *-1) (VP restore (NP (NP (NP market players ') confidence) (PP about (NP (NP the prospects) (PP for (NP further deal-making))))))))))) .)) (TOP (S (NP-SBJ Paper and forest-products stocks) (VP were (ADJP-PRD especially strong) , (SBAR-TMP as (S (NP-SBJ (NP the offer) (PP for (NP Great Northern Nekoosa)) (PP by (NP Georgia-Pacific))) (VP triggered (NP speculation (SBAR that (S (NP-SBJ the industry) (VP could (VP be (PP-PRD in (PP for (NP (NP a wave) (PP of (NP merger activity)))))))))))))) .)) (TOP (S (NP-SBJ The Dow Jones Industrial Average) (VP climbed (NP-EXT 41.60) (PP-DIR to (NP 2645.08)) (SBAR-ADV even though (S (NP-SBJ some late selling) (VP caused (S (NP-SBJ the market) (VP to (VP retreat (PP-DIR from (NP session highs))))))))) .)) (TOP (S (NP-SBJ Trading) (VP was (ADJP-PRD moderate) , (PP with (S-NOM (NP-SBJ 176,100,000 shares) (VP changing (NP-CLR hands) (PP-LOC on (NP the New York Stock Exchange)))))) .)) (TOP (S (PP Aside (PP from (NP the takeover news))) , (NP-SBJ-1 big buy orders) (VP were (VP placed (NP *-1) (PP-CLR for (NP blue-chip shares)) (PP-TMP in (NP afternoon trading)))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ the buy programs) (VP came (PP-CLR from (NP (NP (ADJP very large) institutional accounts) (SBAR (WHNP-108 that) (S (NP-SBJ *T*-108) (VP were (ADVP also) (ADJP-PRD active (PP in (NP the stock-index futures markets)))))))))))) .)) (TOP (S (PP At (NP one point)) , (NP-SBJ (NP almost all) (PP of (NP (NP the shares) (PP-LOC in (NP (NP the 20-stock Major Market Index) , (SBAR (WHNP-109 which) (S (NP-SBJ *T*-109) (VP mimics (NP the industrial average)))) ,))))) (VP were (ADJP-PRD sharply higher)) .)) (TOP (S (S (NP-SBJ Some 1,111 Big Board issues) (VP advanced (PP-CLR in (NP price)))) and (S (NP-SBJ only 448) (VP declined , (SBAR-TMP while (S (NP-SBJ broader market averages) (VP rose (ADVP-MNR sharply)))))) .)) (TOP (S (S (NP-SBJ (NP Standard & Poor 's) 500-Stock Index) (VP climbed (NP-EXT 5.29) (PP-DIR to (NP 340.36)))) , (S (NP-SBJ the Dow Jones Equity Market Index) (VP added (NP 4.70) (PP-CLR to (NP 318.79)))) and (S (NP-SBJ the New York Stock Exchange Composite Index) (VP climbed (NP-EXT 2.65) (PP-DIR to))))) (TOP (S (NP-SBJ Great Northern) (VP surged (NP-EXT 20 1) (PP-DIR to (NP 62 7)) , (PP (ADVP well) above (NP (NP (NP Georgia-Pacific 's) offering price) (PP of (NP (NP $ 58 *U*) (NP-ADV a share))))) , (PP amid (NP speculation (SBAR (SBAR that (S (NP-SBJ (NP other suitors) (PP for (NP the company))) (VP would (VP surface)))) or (SBAR that (S (NP-SBJ-1 the bid) (VP would (VP be (VP raised (NP *-1)))))))))) .)) (TOP (S (NP-SBJ (NP (QP Nearly 6.3 million) shares) , or (NP (NP (QP about 11.5) %) (PP of (NP (NP (NP the company 's) shares) (ADJP outstanding)))) ,) (VP changed (NP-CLR hands) (PP-LOC in (NP Big Board composite trading))) .)) (TOP (S (PP With (S-NOM (NP-SBJ-1 stocks) (VP having (VP been (VP battered (NP *-1) (ADVP-TMP lately) (PP-PRP because of (NP (NP the collapse) (PP of (NP (NP takeover offers) (PP for (NP (NP (NP UAL) , (NP (NP the parent company) (PP of (NP United Airlines))) ,) and (NP (NP AMR) , (NP (NP the parent) (PP of (NP American Airlines))))))))))))))) , (NP-SBJ analysts) (VP viewed (NP the proposal) (PP-CLR as (NP (NP a psychological lift) (PP for (NP the market))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP The (ADJP (QP $ 3.18 billion) *U*) bid ) , (SBAR (WHNP-110 which) (S (NP-SBJ-1 *T*-110) (VP had (VP been (VP rumored (NP *-1) (PP-TMP since (NP last week))))))) ,) `` (VP (VP creates (NP a better feeling (SBAR that (S (NP-SBJ there) (VP 's (NP-PRD value) (PP-LOC in (NP the market)) (PP at (NP current levels))))))) and (VP renews (NP (NP prospects) (PP for (NP a hot tape))))) , '') (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP A.C. Moore) , (NP (NP director) (PP of (NP research)) (PP-LOC at (NP Argus Research Corp)))) .)) (TOP (S (NP-SBJ (NP Traders and analysts) (ADVP alike)) (VP said (SBAR 0 (S (NP-SBJ (NP the market 's) surge) (ADVP also) (VP reflected (NP (NP an easing) (PP of (NP (NP concerns) (PP about (NP volatility)))) (PP-PRP because of (NP (NP moves (S *ICH*-1)) (PP by (NP (NP a number) (PP of (NP brokerage firms)))) (S-1 (NP-SBJ *) (VP to (VP curtail or cease (NP stock-index arbitrage))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Much) (PP of (NP (NP the instability) (PP-LOC in (NP stock prices))))) (ADVP-TMP lately) (VP has (VP been (VP blamed (NP *-1) (PP-CLR on (NP (NP arbitrage trading) , (VP designed (S (NP-SBJ *) (VP to (VP profit (PP-CLR from (NP (NP differences) (PP-LOC in (NP prices)) (PP between (NP (NP stocks) and (NP index futures)))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ People) (VP are (VP looking (PP-CLR for (NP an ability (S (NP-SBJ-1 *) (VP to (VP (VP try and read (NP the market)) , (CONJP rather than) (VP be (VP manipulated (NP *-1))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Dudley A. Eppel) , (NP (NP manager) (PP of (NP equity trading)) (PP-LOC at (NP Donaldson , Lufkin & Jenrette)))) .)) (TOP (S (NP-SBJ He) (VP noted (SBAR that (S (NP-SBJ institutional investors) (VP showed (NP (NP `` pretty general '' interest) (PP in (NP stocks))) (PP-TMP in (NP the latest session)))))) .)) (TOP (S But (NP-SBJ traders) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ arbitrage-related trading) (VP contributed (PP-CLR to (NP (NP the market 's) surge)) , (SBAR-TMP as (S (NP-SBJ buy programs) (VP boosted (NP prices) (PP-TMP (PP (ADVP shortly) after (NP the opening)) and (PP (ADVP sporadically) through (NP (NP the remainder) (PP of (NP the session)))))))))))) .)) (TOP (S (S (NP-SBJ Georgia-Pacific) (VP fell (NP-EXT 2 1) (PP-DIR to (NP 50 7)))) , but (S (NP-SBJ most paper and forest-products stocks) (VP firmed (SBAR-TMP as (S (NP-SBJ market players) (VP speculated (PP-CLR about (NP other potential industry takeover targets))))))) .)) (TOP (S (PP-LOC Within (NP the paper sector)) , (S (NP-SBJ Mead) (VP climbed (NP-EXT (QP 2 3/8)) (PP-DIR to (NP (QP 38 3/4))) (PP-LOC on (NP (QP 1.3 million) shares)))) , (S (NP-SBJ Union Camp) (VP rose (NP-EXT (QP 2 3/4)) (PP-DIR to (NP (QP 37 3/4))))) , (S (NP-SBJ Federal Paper Board) (VP added (NP-EXT (QP 1 3/4)) (PP-DIR to (NP (QP 23 7/8))))) , (S (NP-SBJ Bowater) (VP gained (NP-EXT (QP 1 1/2)) (PP-DIR to (NP (QP 27 1/2))))) , (S (NP-SBJ Stone Container) (VP rose (NP-EXT 1) (PP-DIR to (NP (QP 26 1/8))))) and (S (NP-SBJ Temple-Inland) (VP jumped (NP-EXT (QP 3 3/4)) (PP-DIR to (NP (QP 62 1/4))))) .)) (TOP (S (NP-SBJ (NP Forest-products issues) (VP showing (NP strength))) (VP included (NP (NP (NP-1 Champion International) , (SBAR (WHNP-111 which) (S (NP-SBJ *T*-111) (VP went (ADVP-2 up (NP-ADV (QP 1 3)) (PP to (NP (QP 31 7)))))))) ; (NP (NP=1 Weyerhaeuser) , (ADVP=2 up (NP 3/4) (PP to (NP (QP 27 1/4))))) ; (NP (NP=1 Louisiana-Pacific) , (ADVP=2 up (NP 1 1/8) (PP to (NP 40 3/8)))) , and (NP (NP=1 Boise Cascade) , (ADVP=2 up (NP 5/8) (PP=3 to (NP 42)))))) .)) (TOP (S (NP-SBJ (NP The theme) (PP of (NP industry consolidation))) (VP had (VP surfaced (NP-TMP earlier this year) (PP-LOC among (NP (NP drug stocks) , (SBAR (WHNP-112 which) (S (NP-SBJ *T*-112) (VP posted (NP solid gains) (PP-TMP in (NP the latest session))))))))) .)) (TOP (S (S (NP-SBJ Pfizer) (VP gained (NP-EXT (QP 1 7)) (PP-DIR to (NP (QP 67 5))))) , (S (NP-SBJ Schering-Plough) (VP added (NP-EXT (QP 2 1)) (PP-DIR to (NP (QP 75 3))))) , (S (NP-SBJ Eli Lilly) (VP rose (NP-EXT (QP 1 3)) (PP-DIR to (NP (QP 62 1))))) and (S (NP-SBJ Upjohn) (VP firmed (NP-EXT 3) (PP-DIR to (NP 38)))) .)) (TOP (S (ADVP Also) , (NP-SBJ SmithKline Beecham) (VP rose (NP-EXT (QP 1 3)) (PP-DIR to (NP (QP 39 1)))) .)) (TOP (S (NP-SBJ (NP An advisory committee) (PP of (NP the Food and Drug Administration))) (VP recommended (SBAR that (S (NP-SBJ the agency) (VP approve (NP (NP Eminase) , (NP (NP the company 's) heart drug)))))) .)) (TOP (S (NP-SBJ (NP Two rumored restructuring candidates) (PP-LOC in (NP the oil industry)) (NP *ICH*-1)) (VP moved higher : (NP-1 (NP (NP Chevron) , (SBAR (WHNP-113 which) (S (NP-SBJ *T*-113) (VP rose (NP-EXT (QP 1 3)) (PP-DIR to (NP (QP 68 1))) (PP-LOC on (NP (QP 3.5 million) shares)))))) , and (NP (NP USX) , (SBAR (WHNP-114 which) (S (NP-SBJ *T*-114) (VP gained (NP-EXT (QP 1 1)) (PP-DIR to (NP (QP 34) 5)))))))) .)) (TOP (S (S (NP-SBJ-1 Pennzoil) (VP is (VP rumored (S (NP-SBJ-2 *-1) (VP to (VP be (VP accumulating (NP (NP a stake) (PP-LOC in (NP Chevron))) (SBAR-PRP in order (S (NP-SBJ *-2) (VP to (VP push (PP-CLR for (NP (NP a revamping) (PP of (NP the company))))))))))))))) ; (S (NP-SBJ investor Carl Icahn) (VP has (ADVP-TMP recently) (VP increased (NP (NP his stake) (PP-LOC in (NP (NP USX) , (SBAR (WHNP-115 which) (S (ADVP separately) (NP-SBJ *T*-115) (VP reported (NP (NP earnings) (SBAR (WHNP-116 that) (S (NP-SBJ *T*-116) (VP were (PP-PRD in (NP (NP line) (PP with (NP expectations))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Paramount Communications) , (SBAR (WHNP-117 which) (S (NP-SBJ *T*-117) (VP completed (NP (NP the (ADJP (QP $ 3.35 billion) *U*) sale) (PP of (NP its Associates Corp . financial-services unit)) (PP to (NP Ford Motor)))))) ,) (VP gained (NP-EXT (QP 1 1)) (PP-DIR to (NP (QP 55 7))) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP losing (NP-ADV one point) (NP-TMP Monday) (PP amid (NP (NP rumors) (PP of (NP a delay)))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ the sale) (VP would (VP produce (NP a (ADJP (QP $ 1.2 billion) *U*) gain) (PP-TMP in (NP the fourth quarter))))))) .)) (TOP (S (NP-SBJ BankAmerica) (VP climbed (NP-EXT 1 3) (PP-DIR to (NP 30)) (SBAR-TMP after (S (NP-SBJ PaineWebber) (VP boosted (NP (NP its investment opinion) (PP-LOC on (NP the stock))) (PP-DIR to (NP its highest rating)))))) .)) (TOP (S (NP-SBJ The upgrade) (VP reflected (NP (NP the (ADJP 20 %) decline) (PP-LOC in (NP (NP shares) (PP of (NP the bank)))) (SBAR since (S (NP-SBJ the firm) (VP lowered (NP its rating) (PP-TMP in (NP early October)) , (PP based (PP on (NP the belief (SBAR 0 (S (NP-SBJ the stock) (VP had (VP become (ADJP-PRD expensive))))))))))))) .)) (TOP (S (NP-SBJ (NP Sea Containers) , (SBAR (WHNP-118 which) (S (NP-SBJ *T*-118) (VP unveiled (NP a proposed restructuring)))) ,) (VP advanced (NP-EXT 1) (PP-DIR to (NP 62))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP (VP repurchase (NP (NP half) (PP of (NP its common shares))) (PP-CLR at (NP (NP $ 70 *U*) (NP-ADV each)))) , (VP sell (NP (NP an estimated (QP $ 1.1 billion) *U*) (PP in (NP assets)))) and (VP pay (NP a special preferred-stock dividend) (PP-DTV to (NP common-stock holders)))))))) .)) (TOP (S (NP-SBJ (NP Shaw Industries) , (SBAR (WHNP-119 which) (S (NP-SBJ-1 *T*-119) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP Armstrong World Industries ') carpet operations) (PP-CLR for (NP an undisclosed price)))))))) ,) (VP rose (NP-EXT (QP 2 1)) (PP-DIR to (NP (QP 26 1)))) .)) (TOP (S (NP-SBJ Armstrong) (VP added (NP-EXT 1) (PP-DIR to (NP 39 1))) .)) (TOP (S (NP-SBJ ERC Corp.) (VP rose (NP-EXT 7) (PP-DIR to (NP 12))) .)) (TOP (S (NP-SBJ-1 The company) (VP agreed (S (ADVP definitively) (NP-SBJ-2 *-1) (VP to (VP be (VP acquired (NP *-2) (PP by (NP-LGS Ogden Corp.)) (PP-LOC in (NP (NP a stock swap) (VP valued (NP *) (PP-CLR at (NP (QP about $ 82.5 million) *U*)))))))))) .)) (TOP (S (NP-SBJ Ogden) (VP gained (NP-EXT (QP 1 1)) (PP-DIR to (NP (QP 32 7)))) .)) (TOP (S (NP-SBJ Ocean Drilling & Research) (VP dropped (NP-EXT (QP 1 1)) (PP-DIR to (NP (QP 21 1))) (PP-TMP following (NP (NP news) (PP of (NP (NP a restructuring plan) (SBAR (WHNP-120 that) (S (NP-SBJ *T*-120) (VP calls (SBAR-CLR for (S (NP-SBJ the company) (VP to (VP (VP reorganize (NP its drilling business) (PP-CLR into (NP a separate company))) and (VP offer (NP a (QP 15 % to 20 %) stake) (PP-DTV to (NP the public))))))))))))))) .)) (TOP (S (NP-SBJ The American Stock Exchange Market Value Index) (VP rose (NP-EXT 1.71) (PP-DIR to (NP 370.58))) .)) (TOP (S (NP-SBJ Volume) (VP totaled (NP-ADV 11,820,000 shares)) .)) (TOP (S (NP-SBJ Imperial Holly) (VP fell (NP-EXT (QP 1 5)) (PP-DIR to (NP (QP 27 1))) (PP-LOC in (NP (NP the wake) (PP of (NP its third-quarter earnings report))))) .)) (TOP (S (NP-SBJ Net income) (VP was (ADVP-PRD down (PP from (ADVP-TMP (ADVP (NP a year) ago) , (SBAR (WHADVP-1 when) (S (NP-SBJ (NP a gain) (PP from (NP (NP the restructuring) (PP of (NP a retirement plan))))) (VP boosted (NP earnigs) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Cilcorp Inc.) , (NP-LOC (NP Peoria) , (NP Ill.)) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP the environmental consulting and analytical service businesses) (PP of (NP (NP Hunter Environmental Services Inc.) (PP-LOC of (NP (NP Southport) , (NP Conn .))))))))))))))) (TOP (S (NP-SBJ The utility holding company) (VP said (SBAR 0 (S (NP-SBJ Hunter) (VP will (VP receive (NP (NP 390,000 shares) (PP of (NP (NP a new series) (PP of (NP (NP Cilcorp convertible preferred stock) (PP with (NP (NP a face value) (PP of (NP (QP $ 39 million) *U*))))))))) (PP-CLR for (NP the businesses))))))) .)) (TOP (S (NP-SBJ Cilcorp) (VP will (ADVP also) (VP assume (NP (NP (QP $ 22 million) *U*) (PP of (NP (NP Hunter 's) existing debt))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP the agreement)))) , (NP-SBJ Cilcorp) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP pay (NP Hunter) (NP (QP $ 4 million) *U*) (PP in (NP (NP exchange) (PP for (NP agreements (S (NP-SBJ *) not (VP to (VP compete)))))))))))) .)) (TOP (S (NP-SBJ Cilcorp) (VP said (SBAR 0 (S (NP-SBJ (NP the businesses) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP be (VP acquired (NP *-2))))))) (VP had (NP (NP revenue) (PP of (NP (QP $ 76 million) *U*)) (PP-TMP for (NP (NP the year) (VP ended (NP-TMP March 31))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ Cilcorp) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP purchase (NP (NP (QP as many as 1.4 million) shares) , or (NP (NP 10 %) (PP of (NP (NP its common stock) (ADJP outstanding))))) (PP-TMP from (NP (NP time) (PP to (NP time)))) (PP-MNR (PP on (NP the open market)) and (PP through (NP privately negotiated transactions)))))))))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-121 which) (S (ADVP-TMP currently) (NP-SBJ *T*-121) (VP has (NP (NP (QP 13.5 million) common shares) (ADJP outstanding))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (NP (NP no specific plans) (PP for (NP the shares))))))) .)) (TOP (S-HLN (NP-SBJ BUSH AND GORBACHEV) (VP WILL (VP HOLD (NP (NP two days) (PP of (NP informal talks))) (NP-TMP next month))) .)) (TOP (S (NP-SBJ The president) (VP said (SBAR that (S (NP-SBJ-1 (NP he) and (NP the Kremlin leader)) (VP would (VP meet (NP-TMP Dec. 2-3) (PP-LOC aboard (NP (NP (UCP U.S. and Soviet) naval vessels) (PP-LOC in (NP the Mediterranean)))) (S-PRP (NP-SBJ *-1) (VP to (VP discuss (NP (NP a wide range) (PP of (NP issues))) (PP-MNR without (NP a formal agenda)))))))))) .)) (TOP (S (NP-SBJ-1 A simultaneous announcement) (VP was (VP made (NP *-1) (PP-LOC in (NP Moscow)))) .)) (TOP (S (NP-SBJ Bush) (VP said (SBAR that (S (NP-SBJ neither he nor Gorbachev) (VP expected (NP any `` substantial decisions or agreements))))) . '')) (TOP (S (NP-SBJ The seaborne meetings) (VP wo n't (VP disrupt (NP (NP plans) (PP for (NP (NP a formal summit) (NP-TMP next spring or summer) , (SBAR-LOC (WHPP-1 at (WHNP which)) (S (NP-SBJ-2 an arms-control treaty) (VP is (ADJP-PRD likely (S (NP-SBJ-3 *-2) (VP to (VP be (VP completed (NP *-3) (PP-LOC *T*-1)))))))))))))) .)) (TOP (S (NP-SBJ-1 The two leaders) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP discuss (NP (NP (NP changes) (VP sweeping (NP-LOC-CLR the East bloc))) (CONJP as well as) (NP (NP human-rights issues) , (NP regional disputes) and (NP economic cooperation)))))))) .)) (TOP (S (NP-SBJ (NP Israel 's) army) (VP lifted (NP (NP a blockade) (PP-LOC around (NP (NP a Palestinian town) (PP-LOC in (NP the occupied West Bank))))) , (S-ADV (NP-SBJ *) (VP ending (NP (NP a 42-day campaign) (PP of (S-NOM (NP-SBJ *) (VP seizing (NP (NP cars) , (NP furniture) and (NP other goods)) (S-PRP (NP-SBJ *) (VP to (VP crush (NP a tax boycott))))))))))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ residents) (VP claimed (NP a victory)))) , (NP-SBJ military authorities) (VP said (SBAR 0 (S (NP-SBJ they) (VP had (VP confiscated (NP (NP the equivalent) (PP of (NP (NP (QP more than $ 1.5 million) *U*) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP make (PRT up) (PP-CLR for (NP the unpaid taxes)))))))))))))) .)) (TOP (S (NP-SBJ (ADJP East German) leader Krenz) (VP arrived (PP-LOC-CLR in (NP Moscow)) (PP-PRP for (NP (NP talks) (NP-TMP today) (PP with (NP Gorbachev)) (PP on (NP restructuring proposals))))) .)) (TOP (S (PP-LOC In (NP East Berlin)) , (NP-SBJ Communist Party officials) (VP considered (S (NP-SBJ *) (VP legalizing (NP (NP New Forum) , (NP (NP the country 's) largest opposition alliance)))) , (SBAR-TMP as (S (NP-SBJ (QP about 20,000) demonstrators) (VP staged (NP protests) (PP-LOC in (NP three cities)) (S-PRP (NP-SBJ *) (VP to (VP press (NP (NP demands) (PP for (NP democratic freedoms)))))))))) .)) (TOP (S (NP-SBJ The House) (VP approved (NP (NP a permanent smoking ban) (PP-LOC on (NP (ADJP nearly all) domestic airline routes))) (PP-CLR as (NP (NP part) (PP of (NP (NP a (ADJP (QP $ 27.1 billion) *U*) transportation bill) (SBAR (WHNP-122 that) (S (NP-SBJ *T*-122) (VP must (ADVP-TMP still) (VP overcome (NP (NP budget obstacles) (PP-LOC in (NP Congress)))))))))))) .)) (TOP (S (NP-SBJ The chamber) (ADVP also) (VP sent (PP-DTV to (NP Bush)) (NP (NP a (ADJP (QP nearly $ 67 billion) *U*) fiscal 1990 measure ) (SBAR (WHNP-123 that) (S (NP-SBJ *T*-123) (VP includes (NP (NP the first construction funds) (PP for (NP a space station)))))))) .)) (TOP (S (NP-SBJ (NP Nicaragua 's) Ortega) (VP postponed (PP-TMP-CLR until (NP today)) (NP (NP a decision) (PP on (SBAR whether (S (NP-SBJ *) (VP to (VP end (NP (NP a 19-month-old cease-fire) (PP in (NP (NP the conflict) (PP with (NP the Contra rebels)))))))))))) .)) (TOP (S (PP-LOC In (NP Washington)) , (S (NP-SBJ-1 the Senate) (VP voted (S (NP-SBJ *-1) (VP to (VP condemn (NP (NP Ortega 's) threat (S (NP-SBJ *) (VP to (VP cancel (NP the truce)))))))))) , and (S (NP-SBJ Bush) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP review (NP (NP U.S. policy) (PP toward (NP Managua)) , (PP including (NP (NP the possibility) (PP of (S-NOM (NP-SBJ *) (VP renewing (NP (NP military aid) (PP to (NP the rebels))))))))))))))) .)) (TOP (S (NP-SBJ Chinese leader Deng) (VP told (NP former President Nixon) (SBAR that (S (NP-SBJ the U.S.) (VP was (ADVP deeply) (VP involved (PP-CLR in (NP (NP `` the (NX (NX turmoil) and (NX counterrevolutionary rebellion)) '') (SBAR (WHNP-124 that) (S (NP-SBJ *T*-124) (VP gripped (NP Beijing) (NP-TMP last spring))))))))))) .)) (TOP (S (NP-SBJ-1 Nixon) , (PP-TMP on (NP (NP the fourth day) (PP of (NP (NP a private visit) (PP to (NP China)))))) , (VP said (SBAR that (S (NP-SBJ (NP damage) (PP to (NP Sino-U.S. relations))) (VP was (ADJP-PRD `` very great , '')))) (S-ADV (NP-SBJ *-1) (VP calling (S (NP-SBJ the situation) (NP-PRD (NP `` the most serious '') (PP-TMP since (NP 1972))))))) .)) (TOP (S (NP-SBJ (NP Afghanistan 's) troops) (VP broke (PP-CLR through (NP (NP a guerrilla blockade) (PP-LOC on (NP the strategic Salang Highway)))) , (S-ADV (NP-SBJ *) (VP allowing (S (NP-SBJ (NP trucks) (VP carrying (NP (NP food) and (NP other necessities)))) (VP to (VP reach (NP Kabul) (PP-TMP after (NP (NP a missile attack) (PP on (NP rebel strongholds)))))))))) .)) (TOP (S (NP-SBJ (NP The convoy) (PP of (NP (QP about 100) vehicles))) (VP was (NP-PRD (NP the first) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP make (NP deliveries) (PP to (NP the capital)) (PP-TMP in (NP (QP about 10) days)))))))) .)) (TOP (S (NP-SBJ-1 (NP Turkey 's) legislature) (VP elected (NP Prime Minister Ozal) (PP-CLR as (NP (NP (NP the country 's) first civilian president) (PP-TMP since (NP 1960)))) , (S-ADV (NP-SBJ *-1) (VP opening (NP (NP the way) (PP for (NP (NP a change) (PP of (NP government)) (PP-LOC under (NP (NP a new premier) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP will (VP select (NP *T*-2))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The vote) (PP-LOC in (NP Ankara))) (VP was (VP boycotted (NP *-1) (PP by (NP-LGS (NP opposition politicians) , (SBAR (WHNP-125 who) (S (NP-SBJ-2 *T*-125) (VP vowed (S (NP-SBJ *-2) (VP to (VP oust (NP Ozal))))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP begins (NP his seven-year term) (NP-TMP Nov. 9) , (S-ADV (NP-SBJ *-1) (VP succeeding (NP Kenan Evren)))) .)) (TOP (S (NP-SBJ (NP South Africa 's) government) (VP dismissed (NP (NP demands) (PP by (NP (NP right-wing Conservatives) , (NP (NP the nation 's) main opposition party) ,)) (PP for (NP (NP emergency talks) (PP on (NP (NP (NP Pretoria 's) recent tolerance) (PP of (NP dissent)))))))) .)) (TOP (S (NP-SBJ The government) (ADVP also) (VP urged (S (NP-SBJ whites) (VP to (VP refrain (PP-CLR from (NP (NP panic) (PP over (NP (NP growing black protests) , (PP such as (NP (NP the massive anti-apartheid rally) (NP-TMP Sunday) (PP-LOC on (NP (NP the outskirts) (PP of (NP Soweto)))))))))))))) .)) (TOP (S (NP-SBJ (NP Researchers) (PP-LOC in (NP Belgium))) (VP said (SBAR 0 (S (NP-SBJ they) (VP have (VP developed (NP (NP a genetic engineering technique) (PP for (S-NOM (NP-SBJ *) (VP creating (NP hybrid plants) (PP for (NP (NP a number) (PP of (NP (NP crops) , (PP such as (NP cotton , soybeans and rice))))))))))))))) .)) (TOP (S (NP-SBJ (NP The scientists) (PP-LOC at (NP Plant Genetic Systems N.V.))) (VP isolated (NP (NP a gene) (SBAR (WHNP-126 that) (S (NP-SBJ *T*-126) (VP could (VP lead (PP-CLR to (NP (NP a generation) (PP of (NP (NP plants) (VP possessing (NP a high-production trait)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ A bomb) (VP exploded (PP-LOC at (NP (NP a leftist union hall) (PP-LOC in (NP San Salvador)))) , (S-ADV (NP-SBJ *) (VP (VP killing (NP (QP at least eight) people)) and (VP injuring (NP (NP (QP about 30) others) , (PP including (NP two Americans)))))))) , (NP-SBJ authorities) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The blast) , (SBAR (WHNP-127 which) (S (NP-SBJ *T*-127) (VP wrecked (NP (NP the opposition labor group 's) offices)))) ,) (VP was (NP-PRD (NP the latest) (PP in (NP (NP a series) (PP of (NP attacks)))) (PP in (NP (NP El Salvador 's) 10-year-old civil war)))) .)) (TOP (S (NP-SBJ-1 (NP Hungary 's) Parliament) (VP voted (S (NP-SBJ *-1) (VP to (VP hold (NP (NP a national referendum) (PP on (NP (NP an election) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP fill (NP (NP the new post) (PP of (NP president))) (ADVP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ-2 (NP The balloting) (SBAR (WHADVP-4 0) (S (NP-SBJ *) (VP to (VP decide (SBAR (WHADVP-1 when and how) (S (NP-SBJ *) (VP to (VP fill (NP (NP the position) , (SBAR (WHNP-128 which) (S (NP-SBJ *T*-128) (VP replaces (NP a collective presidency) (PP-LOC under (NP (NP a pact) (VP signed (NP *) (PP by (NP-LGS (NP the ruling Socialists) and (NP opposition groups))))))))) ,) (ADVP *T*-1))))) (ADVP *T*-4)))))) (VP is (S (NP-SBJ-3 *-2) (VP to (VP be (VP held (NP *-3) (NP-TMP Nov .)))))))) (TOP (S (NP-SBJ The State Department) (VP denied (NP asylum) (PP-DTV to (NP (NP a Vietnamese man) (SBAR (WHNP-129 who) (S (NP-SBJ-1 *T*-129) (VP escaped (PP-CLR from (NP his homeland)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP lashing (NP himself) (PP-CLR to (NP (NP the rudder housing) (PP of (NP a tanker)))) (PP-TMP for (NP (NP two days) (PP-LOC in (NP monsoon seas))))))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP (NP Democratic Sen. Pell) (PP of (NP Rhode Island))))) (VP said , (ADVP however) , (SBAR that (S (NP-SBJ the Immigration and Naturalization Service) (VP would (VP review (NP (NP the stowaway 's) request)))))) .)) (TOP (S (NP-SBJ Ogden Projects Inc.) (VP said (SBAR 0 (S (NP-SBJ net income) (VP jumped (PP-DIR to (NP (NP (QP $ 6.6 million) *U*) , or (NP (NP 18 cents) (NP-ADV a share)) ,)) (PP-TMP in (NP the third quarter)))))) .)) (TOP (S (NP-SBJ (NP The Fairfield , N.J. , company) , (SBAR (WHNP-130 which) (S (NP-SBJ *T*-130) (VP is (ADJP-PRD 92%-owned (PP by (NP (NP Ogden Corp.) , (NP-LOC New York) ,))))))) (VP had (NP (NP net) (PP of (NP (NP (QP $ 1.1 million) *U*) , or (NP (NP four cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) ago)))) .)) (TOP (S (NP-SBJ Revenue) (VP soared (PP-DIR to (NP (QP $ 101.7 million) *U*)) (PP-DIR from (NP (QP $ 39.5 million) *U*))) .)) (TOP (S (NP-SBJ (NP Ogden Projects) , (SBAR (WHNP-131 whose shares) (S (NP-SBJ-1 *T*-131) (VP began (S (NP-SBJ *-1) (VP trading (PP-LOC on (NP the New York Stock Exchange)) (PP-TMP in (NP August))))))) ,) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 26.875 *U*)) , (ADVP down (NP 75 cents))) .)) (TOP (S (NP-SBJ The stock) (VP began (S (NP-SBJ *) (VP trading (NP-TMP this summer) (PP-CLR at (NP (NP $ 14 *U*) (ADVP apiece)))))) .)) (TOP (S (NP-SBJ (NP Ogden Projects) , (SBAR (WHNP-132 which) (S (NP-SBJ *T*-132) (VP has (NP (NP interests) (PP in (NP (NP solid-waste recovery) and (NP hazardous-waste cleanup))))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (S (NP-SBJ 13 facilities) (PP-PRD in (NP operation))) , (ADVP up (PP from (NP seven) (ADVP-TMP (NP a year) ago))))))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ (NP Ogden Corp.) , (SBAR (WHNP-133 which) (S (NP-SBJ *T*-133) (ADVP also) (VP has (NP (NP interests) (PP in (NP building maintenance and management)))))) ,) (VP reported (NP (NP third-quarter net income) (PP of (NP (NP (NP (QP $ 27.1 million) *U*) , or (NP (NP 67 cents) (NP-ADV a share)) ,) (NP (NP (QP more than twice the $ 13.5 million) *U*) , or (NP (NP 34 cents) (NP-ADV a share)) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 33 %) (PP-DIR to (NP (QP $ 378.1 million) *U*)) (PP-DIR from (NP (QP $ 283.8 million) *U*))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (PP-PRD Under (NP (NP attack) (PP by (NP-LGS (NP its own listed companies) and (NP powerful floor traders)))))) , (NP-SBJ-1 the New York Stock Exchange) (VP is (VP considering (S (NP-SBJ *-1) (VP reinstituting (NP (NP a `` collar '') (PP-LOC on (NP program trading)) (SBAR (WHNP-134 that) (S (NP-SBJ it) (VP abandoned (NP *T*-134) (NP-TMP last year))))))) , (PP according (PP to (NP (NP people) (ADJP familiar (PP with (NP the Big Board)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The exchange) (ADVP also) (VP may (VP step (PRT up) (NP (NP its disclosure) (PP of (NP (NP firms) (VP engaged (NP *) (PP-CLR in (NP program trading))))))))) , (NP-SBJ these people) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Big Board officials) (VP would n't (VP comment (ADVP publicly))) .)) (TOP (S But (PP-LOC in (NP (NP an interview) (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ he) (VP called (S (NP-SBJ (NP the stock market 's) volatility) (NP-PRD a `` national problem)) (PP-LOC *T*-3)))))) , '' (NP-SBJ Big Board Chairman John J. Phelan Jr.) (VP said , `` (S (NP-SBJ-1 We) (VP are (VP going (S (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP do (NP (NP some things) (SBAR (WHNP-5 0) (S-PRP *ICH*-4))) (PP-TMP in (NP the short intermediate term)) '' (S-PRP-4 (NP-SBJ *T*-5) (VP to (VP help (NP the situation)))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Phelan) (VP has (VP been (VP viewed (NP *-1) (PP by (NP-LGS many exchange members)) (PP-CLR as (S-NOM (NP-SBJ *) (VP being (ADJP-PRD indifferent (PP to (NP (NP stock-price swings) (VP caused (NP *) (PP by (NP-LGS program trades)))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP is (ADJP-PRD `` very surprised '' (PP by (NP (NP the furor) (PP over (NP (NP program trading) and (NP (NP (NP the exchange 's) role) (PP-LOC in (NP it))))) (SBAR (WHNP-135 that) (S (NP-SBJ *T*-135) (VP has (VP raged (PP-TMP in (NP recent days))))))))))))) .)) (TOP (S (NP-SBJ Mr. Phelan) (VP said (SBAR (SBAR that (S (NP-SBJ-1 the Big Board) (VP has (VP been (VP trying (S (NP-SBJ *-1) (VP to (VP deal (ADVP-MNR quietly) (PP-CLR with (NP the issue)))))))))) , but (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP banning (NP computer-assisted trading strategies) (ADVP entirely) , (SBAR as (S (NP-SBJ some investors) (VP want))) ,)) (VP would (VP be (PP-PRD like `` (S-NOM (NP-SBJ *) (VP (VP taking (NP everybody) (PP-CLR out (PP of (NP an automobile)))) and (VP making (S (NP-SBJ them) (VP ride (NP a horse))))))))))))) . '')) (TOP (S (S (NP-SBJ The exchange) (VP has (NP (NP a board meeting) (VP scheduled (NP *) (PP-TMP for (NP tomorrow)))))) , and (S (NP-SBJ it) (VP is (VP expected (SBAR that (S (NP-SBJ-1 some public announcement) (VP could (VP be (VP made (NP *-1) (PP-TMP after (NP that)))))))))) .)) (TOP (S (NP-SBJ Big Board officials) (VP have (VP been (PP-LOC-PRD under (NP (NP seige) (PP from (NP both (NP investors) and (NP (NP the exchange 's) own floor traders))))) (PP-TMP since (NP (NP (NP the Dow Jones Industrial Average 's) 190-point tumble) (PP-TMP on (NP Oct. 13)))))) .)) (TOP (S (S (NP-SBJ Mr. Phelan) (VP has n't (VP been (VP making (NP public remarks) (PP-TMP in (NP recent days)))))) , and (S (NP-SBJ many people) (VP have (VP urged (NP-1 him) (S (NP-SBJ *-1) (VP to (VP take (NP (NP more) (PP of (NP (NP a leadership role) (PP on (NP the program trading issue))))))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ the Big Board) (VP is (VP considering (NP *T*-1))))) (VP is (VP re-establishing (NP (NP a `` collar '') (PP on (NP program trading)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the market) (VP moves (ADVP significantly) (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-TMP Early last year) , (PP-TMP after (NP (NP a 140-point , one-day drop) (PP-LOC in (NP the Dow)))) , (NP-SBJ the Big Board) (VP instituted (NP (NP the collar) , (SBAR (WHNP-136 which) (S (NP-SBJ *T*-136) (VP banned (NP (NP program trading) (PP through (NP (NP the Big Board 's) computers))) (SBAR-TMP (WHADVP-1 whenever) (S (NP-SBJ the Dow) (VP moved (NP-EXT 50 points) (ADVP-DIR up or down) (PP-TMP in (NP a day)) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ It) (VP did n't (VP work)) .)) (TOP (S `` (S-TPC-3 (NP-SBJ-1 The collar) (VP was (VP penetrated (NP *-1) (PP-TMP on (NP (NP a number) (PP of (NP occasions)))) , '' (S-ADV (NP-SBJ *) (VP meaning (SBAR 0 (S (NP-SBJ securities firms) (VP figured (PRT out) (NP (NP ways) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP (VP conduct (NP program trades) (S-PRP (NP-SBJ *) (VP to (VP circumvent (NP the collar))))) and (VP use (NP (NP the Big Board 's) electronic trading system)) (ADVP-MNR *T*-2)))))))))))))) , (NP-SBJ Mr. Phelan) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ That) (VP was (SBAR-TMP-PRD (WHADVP-1 when) (S (NP-SBJ-2 the exchange) (VP took (NP a new tack) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP publishing (NP (NP monthly statistics) (VP listing (NP the top 15 program trading firms)))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ Exchange officials) (VP emphasized (SBAR that (S (NP-SBJ the Big Board) (VP is (VP considering (NP (NP a variety) (PP of (NP (NP actions) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP deal (PP-CLR with (NP program trading)) (ADVP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ (NP People) (ADJP familiar (PP with (NP the exchange)))) (VP said (SBAR 0 (S (NP-SBJ (NP another idea) (ADJP likely (S (NP-SBJ-1 *) (VP to (VP be (VP approved (NP *-1))))))) (VP is (S-NOM-PRD (NP-SBJ *) (VP expanding (NP-2 (NP the monthly reports) (PP on (NP program trading))) (S-CLR (NP-SBJ *-2) (VP to (VP cover (UCP (NP (NP specific (NX (NX days) or (NX even hours))) (PP of (NP heavy program trading))) and (SBAR (WHNP-137 who) (S (NP-SBJ *T*-137) (VP was (VP doing (NP it))))))))))))))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ another big Wall Street brokerage firm) (VP joined (NP (NP others) (SBAR (WHNP-138 that) (S (NP-SBJ *T*-138) (VP have (VP been (VP pulling (ADVP-CLR back) (PP-CLR from (NP program trading))))))))) .)) (TOP (S (NP-SBJ (NP American Express Co. 's) Shearson Lehman Hutton Inc. unit) (VP said (SBAR 0 (S (NP-SBJ it) (VP ceased (NP (NP all index-arbitrage program trading) (PP for (NP client accounts))))))) .)) (TOP (S (PP-LOC In (NP stock-index arbitrage)) , (NP-SBJ-1 traders) (VP buy and sell (NP (NP large amounts) (PP of (NP (NP stock) (PP with (NP (NP offsetting trades) (PP-LOC in (NP stock-index futures))))))) (S-PRP (NP-SBJ *-1) (VP to (VP profit (PP-CLR from (NP (NP fleeting price discrepancies) (PP between (NP the two markets)))))))) .)) (TOP (S (NP-SBJ (NP Shearson) , (SBAR (WHNP-1 which) (S (PP-TMP in (NP September)) (NP-SBJ *T*-1) (VP was (NP-PRD (NP the 11th-biggest program trader) (PP-LOC on (NP the Big Board)))))) ,) (VP had (ADVP-TMP already) (VP suspended (NP (NP stock-index arbitrage) (PP for (NP its own account))))) .)) (TOP (S (ADVP Also) , (S-TPC-1 (NP-SBJ (NP (NP CS First Boston Inc. 's) First Boston Corp. unit) , (NP (NP the fifth-biggest program trader) (PP-TMP in (NP September))) ,) (VP is `` (VP preparing (NP (NP a response '') (PP to (NP the program-trading outcry)))))) , (NP-SBJ (NP officials) (PP of (NP the firm))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ First Boston) (VP is (NP-PRD (NP one) (PP of (NP (NP the few major Wall Street firms) (SBAR (WHNP-139 that) (S (NP-SBJ *T*-139) (VP have n't (VP pulled (ADVP-CLR back) (PP-CLR from (NP program trading)) (PP-TMP in (NP recent days)))))))))) .)) (TOP (S (NP-SBJ Mr. Phelan) (VP is (NP-PRD (NP an adroit diplomat) (SBAR (WHNP-1 who) (S (ADVP normally) (NP-SBJ-2 *T*-1) (VP appears (S (NP-SBJ *-2) (VP to (VP be (ADVP-PRD solidly) (PP in (NP (NP control) (PP of (NP (NP the Big Board 's) factions)))))))))))) .)) (TOP (S But (NP-SBJ he) (VP has (VP been (VP getting (NP heat) (PP from (NP all sides)) (PP over (NP program trading))))) .)) (TOP (S (NP-SBJ (NP Mr. Phelan 's) recent remarks (SBAR that (S (NP-SBJ investors) (ADVP simply) (VP must (VP get (VP used (PP-CLR to (NP (NP the stock-market volatility) (PP from (NP program trading)))))))))) (VP have (VP drawn (NP criticism) (PP-CLR (PP from both (NP (NP (NP the exchange 's) stock specialists) , (SBAR (WHNP-140 who) (S (NP-SBJ *T*-140) (VP make (NP markets) (PP-LOC in (NP individual stocks))))) ,)) and (PP from (NP (NP many companies) (SBAR (WHNP-141 that) (S (NP-SBJ *T*-141) (VP have (NP (NP shares) (VP listed (NP *) (PP-LOC-CLR on (NP the Big Board)))))))))))) .)) (TOP (S (NP-SBJ Mr. Phelan) (VP said (SBAR that (S (S-NOM-SBJ (NP-SBJ his) (VP predicting (NP continued volatility))) (VP is (ADVP-PRD just) `` (SBAR (WHADVP-1 how) (S (NP-SBJ the world) (VP is (ADVP-PRD *T*-1)))))))) .)) (TOP (S (SBAR-ADV If (S (S-NOM-SBJ (NP-SBJ *) (VP bringing (NP the message))) (VP is (NP-PRD a crime)))) , (NP-SBJ I) (VP 'm (ADJP-PRD guilty (PP of (NP it)))) . '')) (TOP (S But (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ this) (VP does n't (VP mean (SBAR 0 (S (NP-SBJ he) (VP is (ADJP-PRD satisfied (PP with (NP (NP the market 's) big swings))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 We) (VP 're (VP trying (S (NP-SBJ *-1) (VP to (VP take (NP-CLR care) (PP-CLR of (NP (NP a heck) (PP of (NP (NP a lot) (PP of (NP constituents)))))))))))) , '' (NP-SBJ Mr. Phelan) (VP said (S *T*-2)) .)) (TOP (S `` (NP-SBJ Each one) (VP has (NP a different agenda)) . '')) (TOP (S (PP For (NP example)) , (PP-LOC in (NP (NP a special meeting) (NP-TMP Monday) (PP with (NP Mr. Phelan)))) , (NP-SBJ (NP senior officials) (PP of (NP (NP some) (PP of (NP (NP the Big Board 's) 49 stock specialist firms))))) (VP complained (SBAR that (S (NP-SBJ the exchange) (VP is (ADVP-TMP no longer) (VP representing (NP their interests)))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP are (VP looking (PP-CLR for (NP (NP representation) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP have n't (VP had (NP *T*-1)))))))))) , '' (NP-SBJ a specialist) (VP said (S *T*-2)) .)) (TOP (S `` (NP-SBJ We) (VP 've (VP had (NP dictation))) . '')) (TOP (S (PP-TMP After (NP (NP another session) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Phelan) (VP held (NP *T*-1) (NP-TMP yesterday) (PP with (NP (NP major brokerage firms) (PP such as (NP (NP (NP Morgan Stanley & Co.) , (NP Goldman , Sachs & Co.) , (NP PaineWebber Group Inc.) and (NP First Boston)) (PRN -- (SBAR (WHNP-142 all (WHPP of (WHNP which))) (S (NP-SBJ *T*-142) (VP have (VP engaged (PP-CLR in (NP program trading)))))) --)))))))))) (NP-SBJ (NP an executive) (PP of (NP a top brokerage firm))) (VP said , (S `` (ADVP Clearly) , (NP-SBJ the firms) (VP want (S (NP-SBJ the exchange) (VP to (VP take (NP leadership))))))) . '')) (TOP (S (NP-SBJ Many specialist firms) (VP resent (NP (NP (NP the Big Board 's) new `` basket '' product) (SBAR (WHNP-143 that) (S (NP-SBJ *T*-143) (VP allows (S (NP-SBJ institutions) (VP to (VP buy or sell (NP (NP all stocks) (PP-LOC in (NP the (NP Standard & Poor 's) 500-stock index))) (PP-MNR in (NP one shot)))))))))) .)) (TOP (S (ADVP Ultimately) , (NP-SBJ the specialists) (VP view (NP this) (PP-CLR as (NP (NP yet another step) (PP toward (NP electronic trading)) (SBAR (WHNP-144 that) (S (NP-SBJ *T*-144) (VP could (ADVP-TMP eventually) (VP destroy (NP their franchise)))))))) .)) (TOP (SINV `` (S-1 (NP-SBJ His (PRN -LCB- (NP Phelan 's) -RCB-) own interests) (VP are (PP-PRD in (S-NOM (NP-SBJ *) (VP building (NP an electronic marketplace)))))) , '' (VP said (S *T*-1)) (NP-SBJ a market maker) .)) (TOP (S (NP-SBJ-1 The basket product) , (SBAR-ADV while (S (NP-SBJ it) (VP has (VP got (PRT off) (PP-CLR to (NP a slow start)))))) , (VP is (VP being (VP supported (NP *-1) (PP by (NP-LGS (NP some big brokerage firms) -- (NP (NP another member) (PP of (NP (NP Mr. Phelan 's) splintered constituency)))))))) .)) (TOP (S (NP-SBJ Mr. Phelan) (VP has (VP had (NP (NP difficulty) (S-NOM (NP-SBJ *) (VP convincing (NP the public) (SBAR that (S (NP-SBJ the Big Board) (VP is (ADJP-PRD serious (PP about (S-NOM (NP-SBJ *) (VP curbing (NP volatility)))))))) , (SBAR-ADV (ADVP especially) as (S (NP-SBJ the exchange) (ADVP clearly) (VP relishes (NP (NP its role) (PP as (NP (NP the home) (PP for (NP (NP (QP $ 200 billion) *U*) (PP in (NP (NP stock-index funds) , (SBAR (SBAR (WHNP-145 which) (S (NP-SBJ *T*-145) (VP buy (NP (NP huge baskets) (PP of (NP stocks))) (S-PRP (NP-SBJ *) (VP to (VP mimic (NP (NP popular stock-market indexes) (PP like (NP the (NP Standard & Poor 's) 500))))))))) , and (SBAR (WHNP-146 which) (S (ADVP-TMP sometimes) (NP-SBJ *T*-146) (VP employ (NP program trading)))))))))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The Big Board) (VP wants (S (NP-SBJ *-1) (VP to (VP keep (NP such index funds) (PP-CLR from (S-NOM (NP-SBJ *) (VP fleeing (PP-DIR to (NP overseas markets)))))))) , but (SBAR only as long as (S (NP-SBJ it) `` (VP handles (NP it) (ADVP-MNR intelligently)))))) , '' (NP-SBJ Mr. Phelan) (VP said (S *T*-2)) .)) (TOP (S (S-TPC-1 (PP Despite (SBAR-NOM (WHNP-2 what) (S (NP-SBJ some investors) (VP are (VP suggesting (NP *T*-2)))))) , (NP-SBJ the Big Board) (VP is n't (ADVP even) (VP considering (NP (NP a total ban) (PP-LOC on (NP (NP program trading) or (NP stock futures))))))) , (NP-SBJ exchange officials) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ-2 (NP Most revisions) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP will (VP propose (NP *T*-1)))))) (VP will (VP be (VP geared (NP *-2) (PP-CLR toward (S-NOM (NP-SBJ *) (VP slowing (PRT down) (NP program trading) (PP-TMP during (NP stressful periods))))))))) , (VP said (SBAR 0 (S *T*-3))) (NP-SBJ (NP officials) (VP working (PP-CLR with (NP the exchange)))) .)) (TOP (S (S (NP-SBJ Computers) (VP have (VP made (S (NP-SBJ trading) (ADJP-PRD more rapid))))) , but (S (NP-SBJ-1 that) (VP can (VP be (VP fixed (NP *-1) (PP-MNR with (NP some fine-tuning)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (SBAR-ADV if (S (NP-SBJ you) (VP -LCB- can -RCB- (VP speed (NP things) (PRT up))))) , (NP-SBJ you) (VP can (VP slow (NP them) (PRT down))))))) , '' (NP-SBJ Mr. Phelan) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ That) (VP 's (ADJP-PRD (ADJP different) (PP than (S-NOM (NP-SBJ *) (VP wrecking (NP them)))))) . '')) (TOP (S-1 (SBAR-ADV While (S (NP-SBJ volatility) (VP wo n't (VP go (ADVP-DIR away))))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ Volatility) (VP is (ADJP-PRD (ADJP greater) (PP than (NP program trading)))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP What) (S (NP-SBJ-1 I) (VP 'm (VP trying (S (NP-SBJ *-1) (VP to (VP say (PP-CLR to (NP people))))))))) (VP is , (SBAR-PRD 0 (S (S (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (ADJP-PRD proper) (S-2 (NP-SBJ *) (VP to (VP worry (PP-CLR about (NP program trading))))))) , but (S (NP-SBJ it) (VP 's (ADVP only) (NP-PRD (NP a piece) (PP of (NP the business)))))))) . '')) (TOP (S (PP For (NP example)) , (NP-SBJ Mr. Phelan) (VP said (SBAR that (S (NP-SBJ big institutions) (VP have (NP (NP (ADJP so much) control) (PP over (NP public investments)) (SBAR that (S (NP-SBJ they) (VP can (VP cause (NP (NP big swings) (PP-LOC in (NP the market))) , (ADVP regardless (PP of (NP index arbitrage)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 (NP A lot) (PP of (NP people))) (VP would (VP like (S (NP-SBJ *-2) (VP to (VP go (ADVP-DIR back) (PP-DIR to (NP (NP 1970) , '' (PP-TMP before (NP program trading)))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (NP-SBJ-1 I) (VP would (VP like (S (NP-SBJ *-1) (VP to (VP go (ADVP-DIR back) (PP-DIR to (NP 1970))))))) .)) (TOP (S But (NP-SBJ we) (VP 're not (VP going (ADVP-DIR back) (PP-DIR to (NP 1970)))) . '')) (TOP (S (ADVP Indeed) , (NP-SBJ Mr. Phelan) (VP said (SBAR that (S (SBAR-ADV if (S (NP-SBJ stock-market volatility) (VP persists))) , (NP-SBJ the U.S.) (VP may (VP lose (NP (NP its edge) (PP as (S-NOM (NP-SBJ *) (VP being (NP-PRD (NP the best place) (SBAR-LOC (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP raise (NP capital) (ADVP-LOC *T*-1))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP Japan 's) markets) (VP are (ADJP-PRD more stable))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ that) (VP continues))) , (NP-SBJ-1 (NP a significant number) (PP of (NP -LCB- U.S . -RCB- companies))) (VP will (VP go (PP-DIR over (NP there)) (S-PRP (NP-SBJ *-1) (VP to (VP raise (NP money)))))) . '')) (TOP (S (PP-TMP In (NP coming days)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the Big Board) (VP formulates (NP (NP its responses) (PP to (NP the program-trading problem))) (ADVP-TMP *T*-1)))) , (NP-SBJ Mr. Phelan) (VP may (VP take (NP (NP a more public role) (PP-LOC in (NP the issue))))) .)) (TOP (S (NP-SBJ (NP Lewis L. Glucksman) , (NP (NP vice chairman) (PP of (NP (NP Smith Barney) , (NP Harris Upham) & (NP Co.)))) ,) (VP said : `` (S (NP-SBJ This) (VP is (NP-PRD (NP a problem) (SBAR (WHNP-147 that) (S (NP-SBJ *T*-147) (VP 's (VP taking (PRT on) (NP (NP a life) (PP of (NP its own))))))))))) .)) (TOP (S (S (NP-SBJ-1 The program trading situation) (VP seems (S (NP-SBJ *-1) (VP to (VP have (VP driven (NP (NP individual investors) (CONJP as well as) (NP others)) (PP-DIR out (PP of (NP the market))))))))) , and (S (NP-SBJ even Europeans) (VP are (ADJP-PRD suspicious))) .)) (TOP (S (NP-SBJ The exchange) (VP should (VP take (NP a pro-active position))) . '')) (TOP (S (PP-TMP For (NP now)) , (ADVP however) , (NP-SBJ Mr. Phelan) (VP said : `` (S (NP-SBJ-1 I) (VP refuse (S (NP-SBJ *-1) (VP to (VP (VP get (PP-CLR out (NP there))) and (VP tell (NP everybody) (SBAR 0 (S (NP-SBJ everything) (VP is (ADJP-PRD hunky-dory))))))))))) .)) (TOP (S (S (NP-SBJ We) (VP have (NP a major problem))) , and (S (NP-SBJ that problem) (VP is (NP-PRD volatility))) . '')) (TOP (S (NP-SBJ Craig Torres) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S-HLN (NP-SBJ-1 A NEW MINIMUM-WAGE PLAN) (VP has (VP been (VP worked (NP *-1) (PRT out) (PP by (NP-LGS Congress and Bush)) , (S-ADV (NP-SBJ *) (VP opening (NP (NP the way) (PP for (NP (NP the first increase) (PP-TMP in (NP (QP over nine) years)))))))))) .)) (TOP (S (NP-SBJ (NP The compromise proposal) , (VP ending (NP (NP a long impasse) (PP between (NP (NP Democrats) and (NP the president))))) ,) (VP would (VP boost (NP the minimum wage) (PP-DIR to (NP (NP $ 4.25 *U*) (NP-ADV an hour))) (PP-TMP by (NP April 1991)) (PP-DIR from (NP (NP $ 3.35 *U*) (NP-TMP now))))) .)) (TOP (S (NP-SBJ The legislation) (ADVP also) (VP includes (NP (NP a lower `` training wage '') (PP for (NP (NP new workers) (SBAR (WHNP-148 who) (S (NP-SBJ *T*-148) (VP are (NP-PRD teen-agers)))))))) .)) (TOP (S (NP-SBJ-2 The Big Board) (VP is (VP considering (S (NP-SBJ *-2) (VP reviving (NP (NP a curb) (PP on (NP program trading))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the market) (VP is (ADJP-PRD volatile) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP The exchange) , (SBAR (WHNP-149 which) (S (NP-SBJ *T*-149) (VP abandoned (NP such a `` collar '') (NP-TMP last year) (SBAR-PRP because (S (NP-SBJ it) (VP did n't (VP prevent (NP sharp price swings)))))))) ,) (VP has (VP been (PP-PRD under (NP attack)) (ADVP-TMP recently) (PP-PRP for (S-NOM (NP-SBJ *) not (VP taking (NP action) (PP-CLR against (NP program trading))))))) .)) (TOP (S (NP-SBJ Great Northern Nekoosa) (VP reacted (ADVP-MNR coolly) (PP-CLR to (NP (NP (NP Georgia-Pacific 's) takeover bid) (PP of (NP (NP (NP $ 58 *U*) (NP-ADV a share)) , or (NP (QP $ 3.19 billion) *U*) ,)))) (SBAR-ADV though (S (NP-SBJ the suitor) (VP said (SBAR 0 (S (NP-SBJ all terms) (VP are (ADJP-PRD negotiable)))))))) .)) (TOP (S (NP-SBJ (NP Great Northern 's) stock) (VP soared (NP-EXT $ 20.125 *U*) , (PP-DIR to (NP $ 62.875 *U*)) , (PP on (NP speculation (SBAR that (S (NP-SBJ a higher bid) (VP would (VP emerge))))))) .)) (TOP (S (NP-SBJ Stock prices) (VP rallied (SBAR-TMP as (S (NP-SBJ the Georgia-Pacific bid) (VP broke (NP (NP the market 's) recent gloom))))) .)) (TOP (S (NP-SBJ The Dow Jones industrials) (VP finished (ADVP-CLR up (NP 41.60)) , (PP at (NP 2645.08))) .)) (TOP (S (NP-SBJ (NP The dollar) and (NP bond prices)) (ADVP also) (VP closed (ADVP-CLR higher)) .)) (TOP (S (NP-SBJ Leading indicators) (VP (VP rose (NP-EXT a slight 0.2 %) (PP-TMP in (NP September))) , (NP-ADV (NP a further indication) (SBAR 0 (S (NP-SBJ the economy) (VP is (VP (VP slowing (PP-1 *NOT*)) but (VP (PP=1 without (NP (NP any clear sign) (PP of (SBAR whether (S (NP-SBJ a recession) (VP looms))))))))))))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ new-home sales) (VP plunged (NP-EXT 14 %) (PP-TMP in (NP the month))) .)) (TOP (S (NP-SBJ-1 Labor costs) (VP climbed (NP-EXT 1.2 %) (PP-LOC in (NP private industry)) (PP-TMP during (NP the third quarter)) , (S-ADV (NP-SBJ *-1) (VP matching (NP the second-quarter rise)))) .)) (TOP (S (NP-SBJ Health-insurance costs) (VP soared) .)) (TOP (S (NP-SBJ-1 (NP Time Warner) and (NP Sony)) (VP could (VP end (PRT up) (S (NP-SBJ *-1) (VP becoming (NP-PRD (NP partners) (PP-LOC in (NP several business ventures))) (PP as (NP (NP part) (PP of (NP (NP a settlement) (PP of (NP (NP their dispute) (PP over (NP Hollywood producers Peter Guber and Jon Peters)))))))))))) .)) (TOP (S (NP-SBJ (NP A bidding war) (PP for (NP Jaguar))) (VP became (ADJP-PRD more likely) (SBAR-TMP as (S (NP-SBJ-1 Britain) (ADVP unexpectedly) (VP decided (S (NP-SBJ *-1) (VP to (VP end (NP (NP restrictions) (VP blocking (NP (NP a takeover) (PP of (NP the luxury car maker)))))))))))) .)) (TOP (S (NP-SBJ-1 Sea Containers) (VP plans (S (NP-SBJ *-1) (VP to (VP (VP sell (NP (NP (QP $ 1.1 billion) *U*) (PP of (NP assets)))) and (VP use (NP-2 (NP some) (PP of (NP the proceeds))) (S-CLR (NP-SBJ *-2) (VP to (VP buy (NP (NP (QP about 50) %) (PP of (NP its common shares))) (PP-CLR for (NP (NP $ 70 *U*) (ADVP each))))))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP fend (PRT off) (NP (NP a hostile bid) (PP by (NP two European shipping firms)))))))) .)) (TOP (S (NP-SBJ-1 Eastern Airlines pilots) (VP were (VP (VP awarded (NP *-1) (NP (NP (QP between $ 60 million and $ 100 million) *U*) (PP in (NP back pay))) (PP by (NP-LGS an arbitrator))) , (NP-ADV (NP a decision) (SBAR (WHNP-150 that) (S (NP-SBJ *T*-150) (VP could (VP complicate (NP (NP the carrier 's) bankruptcy reorganization)))))))) .)) (TOP (S (S (NP-SBJ LTV Steel) (VP is (VP boosting (NP (NP prices) (PP of (NP flat rolled steel products))) (NP-EXT an average 3 %)))) , but (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD unclear) (SBAR-1 whether (S (NP-SBJ (NP the increases) , (VP set (NP *) (PP-TMP for (NP Jan. 1 , 1990))) ,) (VP will (VP stick)))))) .)) (TOP (S (NP-SBJ-1 (NP Southern 's) Gulf Power unit) (VP paid (NP (NP $ 500,000 *U*) (PP in (NP fines))) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP pleading (ADJP guilty (PP to (NP (NP conspiracy (S (NP-SBJ *) (VP to (VP make (NP illegal political contributions))))) and (NP tax evasion)))))))) .)) (TOP (S (NP-SBJ More big Japanese investors) (VP are (VP buying (NP U.S. mortgage-backed securities) , (S-ADV (NP-SBJ *) (VP reversing (NP a recent trend))))) .)) (TOP (S (NP-SBJ (NP USX 's) profit) (VP dropped (NP-EXT 23 %) (PP-TMP in (NP the third quarter)) (SBAR-TMP as (S (NP-SBJ-1 improved oil results) (VP failed (S (NP-SBJ *-1) (VP to (VP offset (NP (NP weakness) (PP-LOC in (NP (NP the firm 's) steel and natural gas operations)))))))))) .)) (TOP (S (NP-SBJ Miniscribe) (VP (VP reported (NP a negative net worth)) and (VP hinted (SBAR 0 (S (NP-SBJ it) (VP may (VP file (PP-CLR for (NP Chapter 11)))))))) .)) (TOP (S (NP-SBJ The disk-drive maker) (VP disclosed (NP a major fraud) (ADVP-TMP (NP two months) ago)) .)) (TOP (NP-HLN Markets --)) (TOP (NP (NP Stocks) : (NP Volume) (NP 176,100,000 shares) .)) (TOP (NP (NP (NP Dow Jones industrials) (NP 2645.08) , (ADVP up (NP 41.60))) ; (NP (NP transportation) (NP 1205.01) , (ADVP up (NP 13.15))) ; (NP (NP utilities) (NP 219.19) , (ADVP up (NP 2.45))) .)) (TOP (NP (NP Bonds) : (NP Shearson Lehman Hutton Treasury index) (NP 3426.33) , (ADVP up))) (TOP (NP (NP Commodities) : (NP (NP Dow Jones futures index) (NP 129.63) , (ADVP up (NP 0.25))) ; (NP (NP spot index) (NP 129.84) , (ADVP off (NP 0.25))) .)) (TOP (NP (NP Dollar) : (NP (NP 142.85 yen) , (ADVP up (NP 0.95))) ; (NP (NP 1.8415 marks) , (ADVP up (NP 0.0075))) .)) (TOP (S (NP-SBJ-1 Bond prices) (VP staggered (PP-LOC in (NP seesaw trading)) , (S-ADV (NP-SBJ *-1) (VP (VP rising (PP-CLR on (NP (NP reports) (PP of (NP economic weakness))))) and (VP falling (PP-CLR on (NP (NP reports) (PP of (NP economic strength)))))))) .)) (TOP (S (NP-SBJ-1 Treasury bonds) (VP got (ADVP-CLR off) (PP-CLR to (NP a strong start)) , (S-ADV (NP-SBJ *-1) (VP advancing (ADVP modestly) (PP-TMP during (NP (NP overnight trading) (PP-LOC on (NP foreign markets))))))) .)) (TOP (SINV `` (NP-SBJ We) (VP saw (NP (NP (NP good buying) (PP-LOC in (NP Japan))) and (NP (NP excellent buying) (PP-LOC in (NP London))))) , '' (VP said) (NP-SBJ (NP Jay Goldinger) , (NP (NP market strategist and trader) (PP-LOC at (NP (NP Capital Insight Inc.) , (NP-LOC (NP Beverly Hills) , (NP Calif)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The market 's) tempo) (VP was (VP helped (NP *-1) (PP by (NP-LGS (NP the dollar 's) resiliency))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (ADVP-TMP Late) (PP-LOC in (NP London)) , (NP-SBJ-1 the dollar) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP 1.8410 West German marks) and (NP 142.70 Japanese yen))) , (ADVP up (PP from (NP-TMP late Monday) (PP-LOC in (NP New York)))))) .)) (TOP (S (NP-SBJ British sterling) (VP eased (PP-DIR to (NP $ 1.5775 *U*)) (PP-DIR from (NP $ 1.5825 *U*))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ U.S. trading) (VP began (ADVP-TMP *T*-1)))) , (NP-SBJ Treasury bonds) (VP received (NP an additional boost) (PP-CLR from (NP news (SBAR that (S (NP-SBJ (NP sales) (PP of (NP new single-family homes))) (VP fell (NP-EXT 14 %) (PP-TMP in (NP September)))))))) .)) (TOP (S (NP-SBJ The contraction) (VP (VP was (ADJP-PRD (ADJP twice as large) (SBAR as (S (NP-SBJ economists) (VP projected))))) and (VP was (NP-PRD (NP the sharpest decline) (PP-TMP since (NP (NP a (ADJP 19 %) drop) (PP-TMP in (NP January 1982))))))) .)) (TOP (S (NP-SBJ Economists) (VP said (SBAR 0 (S (NP-SBJ the report) (VP raised (NP speculation (SBAR that (S (NP-SBJ the economic slowdown) (VP could (VP turn (PP-CLR into (NP a recession)) , (SBAR-ADV (WHNP-151 which) (S (NP-SBJ *T*-151) (VP would (VP pave (NP (NP the way) (SBAR (WHADVP-1 0) for (S (NP-SBJ the Federal Reserve) (VP to (VP lower (NP interest rates) (ADVP-MNR *T*-1))))))))))))))))))) .)) (TOP (S But (PP-TMP (ADVP later) in (NP the day)) , (NP-SBJ (NP a report) (PP by (NP (NP the Purchasing Management Association) (PP of (NP Chicago))))) (VP cast (NP doubt) (PP-CLR on (NP the recession scenario))) .)) (TOP (S (NP-SBJ The association) (VP said (SBAR 0 (S (NP-SBJ (NP its October index) (PP of (NP economic activity))) (VP rose (PP-DIR to (NP 51.6 %)) (PP-TMP after (S-NOM (NP-SBJ *) (VP having (VP been (PP-LOC-PRD below (NP 50 %)) (PP-TMP for (NP three consecutive months)))))))))) .)) (TOP (S (NP-SBJ (NP A reading) (PP-LOC below (NP 50 %))) (VP indicates (SBAR that (S (NP-SBJ the manufacturing industry) (VP is (VP slowing)))) (SBAR-ADV while (S (NP-SBJ (NP a reading) (PP-LOC above (NP 50 %))) (VP suggests (SBAR that (S (NP-SBJ the industry) (VP is (VP expanding)))))))) .)) (TOP (S (NP-SBJ Bond prices) (VP fell (SBAR-TMP after (S (NP-SBJ-1 the Chicago report) (VP was (VP released (NP *-1)))))) .)) (TOP (S (PP-TMP By (NP (NP the end) (PP of (NP the day)))) , (NP-SBJ bond prices) (VP were (ADJP-PRD mixed)) .)) (TOP (S (NP-SBJ The benchmark 30-year bond) (VP was (ADJP-PRD (ADJP (NP (QP nearly 1) point) higher) , or (ADVP up (NP (QP about $ 2.50) *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount))))) .)) (TOP (S (NP-SBJ New two-year notes) (VP ended (ADJP-CLR unchanged) (SBAR-TMP while (S (NP-SBJ (ADJP three-year and four-year) notes) (VP were (ADJP-PRD slightly lower))))) .)) (TOP (S (NP-SBJ Municipal bonds) (VP ended (ADJP-CLR unchanged) (PP-CLR to (ADJP (NP (QP as much as 1) point) higher)) (SBAR-TMP while (S (NP-SBJ mortgage-backed securities) (VP were (ADVP-PRD up (NP (QP about 1) point)))))) .)) (TOP (S (NP-SBJ Corporate bonds) (VP were (ADJP-PRD unchanged)) .)) (TOP (S (PP-LOC In (NP the corporate market)) , (NP-SBJ (NP an expected debt offering) (NP-TMP today) (PP by (NP International Business Machines Corp.))) (VP generated (NP considerable attention)) .)) (TOP (S (NP-SBJ-1 The giant computer maker) (VP is (VP slated (S (NP-SBJ *-1) (VP to (VP offer (NP (NP (QP $ 500 million) *U*) (PP of (NP 30-year non-callable debentures))) (PP-MNR through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Salomon Brothers Inc)))))))))) .)) (TOP (S (NP-SBJ Traders) (VP expect (S (NP-SBJ the bonds) (VP to (VP yield (PP (NP-ADV (QP about 0.60 to 0.65) percentage point) above (NP (NP (NP the Treasury 's) benchmark 30-year bond) , (SBAR (WHNP-152 which) (S (NP-SBJ *T*-152) (VP ended (NP-TMP Tuesday) (PP with (NP (NP a yield) (PP of (NP (QP about 7.90) %))))))))))))) .)) (TOP (S (NP-SBJ (NP The last time) (SBAR-TMP (WHADVP-2 0) (S (NP-SBJ IBM) (VP tapped (NP the corporate debt market) (ADVP-TMP *T*-2))))) (VP was (PP-TMP-PRD in (NP (NP April 1988) , (SBAR (WHADVP-1 when) (S (NP-SBJ it) (VP offered (NP (NP (QP $ 500 million) *U*) (PP of (NP debt securities))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP IBM 's) visits) (PP to (NP the debt market))) (VP are (VP (ADVP-MNR closely) watched (NP *-1) (PP (PP by (NP-LGS (NP treasurers) (PP-LOC at (NP other corporations)))) and (PP by (NP-LGS credit market analysts))))) .)) (TOP (S (NP-SBJ Some analysts) (VP believe (SBAR 0 (S (NP-SBJ the company) (VP has (NP the ability (S (NP-SBJ *) (VP to (VP pinpoint (NP (NP the trough) (PP-LOC in (NP interest-rate cycles))))))))))) .)) (TOP (S (PP-TMP In (NP October 1979)) , (SBAR-TMP (NP just days) before (S (NP-SBJ the Federal Reserve) (VP raised (NP interest rates)))) , (NP-SBJ IBM) (VP offered (NP (NP (QP $ 1 billion) *U*) (PP in (NP debt securities)))) .)) (TOP (S (NP-SBJ-1 (NP The boost) (PP in (NP rates))) (VP sent (NP-2 (NP IBM 's) bonds) (S-CLR (NP-SBJ *-2) (VP tumbling)) , (S-ADV (NP-SBJ *-1) (VP (VP leaving (NP underwriters) (PP with (NP (NP millions) (PP of (NP (NP dollars) (PP of (NP losses))))))) and (VP triggering (NP a sell-off) (PP-LOC in (NP the overall market)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The company) `` (VP ca n't (VP be (ADJP-PRD bullish) (SBAR-ADV if (S (NP-SBJ they) (VP 're (VP doing (NP a sizable 30-year bullet))))))) , '') (VP said (SBAR 0 (S *T*-1))) (NP-SBJ one analyst) .)) (TOP (S (NP-SBJ Others) (VP said (SBAR 0 (S (NP-SBJ IBM) (VP might (VP increase (NP (NP the size) (PP of (NP the offering))) (PP-DIR to (NP (QP as much as $ 1 billion) *U*)) (SBAR-ADV if (S (NP-SBJ investor demand) (VP is (ADJP-PRD strong))))))))) .)) (TOP (S (NP-SBJ The company) (VP has (NP (NP (NP (QP $ 1 billion) *U*) (PP in (NP debt))) (VP filed (NP *) (PP-CLR with (NP the Securities and Exchange Commission))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the (QP $ 500 million) *U*) (VP is (NP-PRD (NP a little bit) (PP of (NP a fire drill)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Jim Ednee) , (NP (NP head) (PP of (NP (NP the industrial bond department) (PP-LOC at (NP Drexel Burnham Lambert Inc)))))) .)) (TOP (S `` (NP-SBJ I) (VP think (SBAR 0 (S (SBAR-TMP as (S (NP-SBJ the pricing time) (VP arrives))) , (NP-SBJ the bonds) (VP will (VP come (S-MNR (NP-SBJ *) (UCP-PRD (ADJP a little richer) and (PP in (NP a larger amount))))))))) . '')) (TOP (NP-HLN Treasury Securities)) (TOP (S (NP-SBJ Treasury prices) (VP ended (ADJP-CLR mixed) (PP-LOC in (NP light trading))) .)) (TOP (S (NP-SBJ-1 The benchmark 30-year bond) (VP was (VP quoted (NP-2 *-1) (ADVP-TMP late) (PP-CLR at (NP (QP 102 12))) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 7.90 %)))) (PP compared (PP with (NP (NP (QP 102 7)) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP yield (NP (NP 7.92 %) (NP-TMP Monday))))))))))) .)) (TOP (S (NP-SBJ The latest 10-year notes) (VP were (ADJP-PRD unchanged (PP at (NP (NP (QP 100 16)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP yield (NP 7.904 %))))))))) .)) (TOP (S (NP-SBJ Short-term rates) (ADVP also) (VP were (ADJP-PRD mixed)) .)) (TOP (S (NP-SBJ (NP The discount rate) (PP on (NP three-month Treasury bills))) (VP rose (ADVP slightly) (PP-DIR from (NP the average rate)) (PP-LOC at (NP (NP Monday 's) auction)) (PP-DIR to (NP (NP 7.79 %) (PP for (NP (NP a bond-equivalent yield) (PP of (NP 8.04 %))))))) .)) (TOP (S (NP-SBJ (NP The discount rate) (PP-LOC on (NP six-month Treasury bills))) (VP fell (ADVP slightly) (PP-DIR to (NP (NP 7.60 %) (PP for (NP (NP a bond-equivalent yield) (PP of (NP 7.99 %))))))) .)) (TOP (NP-HLN Corporate Issues)) (TOP (S (NP-SBJ-1 Two junk bond issues) (VP were (VP priced (NP *-1) (NP-TMP yesterday) , (PP including (NP (NP a scaled-backed offering) (PP by (NP Beatrice Co)))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP underwriters Salomon Brothers Inc.))) (VP said (SBAR 0 (S (NP-SBJ Beatrice) (VP cut (NP its high-yield offering) (PP-CLR to (NP (QP $ 251 million) *U*)) (PP-CLR from (NP a planned (QP $ 350 million) *U*)) (SBAR-TMP after (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP became (ADJP-PRD clear) (SBAR-ADV-2 0 (S (NP-SBJ-1 the company) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP give (NP investors) (NP higher yields))))))))))))))) .)) (TOP (S (PP-LOC In (NP the two-part offering)) , (NP-SBJ-1 (NP (QP $ 151 million) *U*) (PP of (NP senior subordinated reset notes))) (VP (VP were (VP priced (NP *-1) (PP-CLR at (NP 99.75)))) and (VP carried (NP (NP a rate) (PP of (NP (QP 13 3) %)))) , (SBAR-TMP while (S (NP-SBJ-2 (NP the (QP $ 100 million) *U*) (PP of (NP senior subordinated floating rate notes))) (VP were (VP priced (S (NP-SBJ *-2) (VP to (VP float (PP-CLR at (PP (NP-ADV 4.25 percentage points) above (NP (NP the London Interbank Offered Rate) , or (NP LIBOR)))))))))))) .)) (TOP (S (NP-SBJ The one-year LIBOR rate) (NP-TMP yesterday) (VP was (NP-PRD (QP 8 7) %)) .)) (TOP (S (PP-TMP Since (NP (NP the recent deterioration) (PP of (NP the junk-bond market)))) , (NP-SBJ (QP at least two) other junk issuers) (VP have (VP said (SBAR 0 (S (S (NP-SBJ-1 they) (VP plan (S (NP-SBJ *-1) (VP to (VP scale (PRT back) (NP planned high-yield offerings)))))) , and (S (NP-SBJ-2 several issues) (VP have (VP been (VP postponed (NP *-2))))))))) .)) (TOP (S (NP-SBJ (NP William Carmichael) , (NP Beatrice chief financial officer) ,) (VP said (SBAR 0 (S (NP-SBJ (NP favorable market conditions) (PP-TMP in (NP September))) (VP prompted (S (NP-SBJ the company) (VP to (VP plan (NP (NP more debt) (PP than (ADJP necessary)))))))))) .)) (TOP (S `` (S-TPC-2 (ADVP However) , (PP given (NP (NP the changes) (PP-LOC in (NP the market conditions)) (SBAR (WHNP-153 that) (S (NP-SBJ *T*-153) (VP have (VP occurred (PP-TMP since (NP then)))))))) , (NP-SBJ-1 we) (VP decided (S (NP-SBJ *-1) (VP to (VP sell (NP (NP only the amount) (VP needed (S (NP-SBJ *) (VP to (VP proceed (PP-CLR with (NP our contemplated recapitalization)))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (PP Under (NP (NP the firm 's) original bank credit agreement)) , (NP-SBJ-1 it) (VP was (VP required (S (NP-SBJ *-1) (VP to (VP raise (NP (NP (QP $ 250 million) *U*) (PP of (NP subordinated debt)) (SBAR (WHNP-2 0) (S (NP-SBJ-3 *T*-2) (VP to (VP be (VP used (NP-4 *-3) (S-CLR (NP-SBJ *-4) (VP to (VP repay (NP (NP some) (PP of (NP (NP the bank borrowings) (VP drawn (S-PRP (NP-SBJ *) (VP to (VP redeem (NP (NP (QP $ 526.3 million) *U*) (PP of (NP increasing rate debentures)))))) (PP-TMP in (NP August)))))))))))))))))))) .)) (TOP (S (ADVP-TMP (NP A month) ago) , (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 Beatrice) (ADVP-TMP first) (VP filed (S (NP-SBJ *-1) (VP to (VP sell (NP debt)))) (ADVP-TMP *T*-3)))) , (NP-SBJ-2 the company) (VP had (VP planned (S (NP-SBJ *-2) (VP to (VP offer (NP (NP (QP $ 200 million) *U*) (PP of (NP its senior subordinated reset notes))) (PP at (NP (NP a yield) (PP of (NP (QP 12 3) %))))))))) .)) (TOP (S (NP-SBJ-1 (NP The (QP $ 150 million) *U*) (PP in (NP senior subordinated floating-rate notes))) (VP were (VP targeted (S (NP-SBJ-2 *-1) (VP to (VP be (VP offered (NP *-2) (PP at (NP a price)) (S-ADV (NP-SBJ *-2) (VP to (VP float (PP-LOC-CLR (NP-ADV four percentage points) above (NP the three-month LIBOR))))))))))) .)) (TOP (S (S (PP-TMP By (NP October)) , (ADVP however) , (NP-SBJ market conditions) (VP had (VP deteriorated))) and (S (NP-SBJ-1 the reset notes) (VP were (VP targeted (S (NP-SBJ-2 *-1) (VP to (VP be (VP offered (NP *-2) (PP at (NP (NP a yield) (PP of (NP (QP between 13 1 % and 13 1) %))))))))))) .)) (TOP (S (NP-SBJ Mr. Carmichael) (VP said (SBAR 0 (S (NP-SBJ investors) (ADVP also) (VP demanded (NP stricter convenants))))) .)) (TOP (S (NP-SBJ Continental Cablevision Inc.) , (PP via (NP (NP underwriters) (PP at (NP (NP Morgan Stanley) & (NP Co.))))) , (VP priced (NP (NP (QP $ 350 million) *U*) (PP of (NP junk bonds))) (PP at (NP par)) (S-ADV (NP-SBJ *) (VP to (VP yield (NP (QP 12 7) %))))) .)) (TOP (NP-HLN Mortgage-Backed Securities)) (TOP (S (NP-SBJ (NP J.C. Penney) & (NP Co.)) (VP issued (NP (NP (QP $ 350 million) *U*) (PP of (NP (NP securities) (VP backed (NP *) (PP by (NP-LGS credit-card receivables))))))) .)) (TOP (S (NP-SBJ-1 The securities) (VP were (VP priced (NP *-1) (PP-CLR at (NP 99.1875)) (S-CLR (NP-SBJ *) (VP to (VP yield (NP (QP about 9.19) %)))))) .)) (TOP (S (NP-SBJ (NP Underwriters) (PP-LOC at (NP First Boston Corp.))) (VP said (SBAR 0 (S (NP-SBJ the J.C. Penney credit-card securities) (VP are (NP-PRD (NP the first) (PP with (NP (NP a 10-year average life) , (SBAR (WHNP-154 which) (S (NP-SBJ *T*-154) (VP is (ADJP-PRD (ADJP much longer) (PP than (NP previous such issues))))))))))))) .)) (TOP (S (ADVP-LOC Elsewhere) , (NP-SBJ-1 (NP (NP Ginnie Mae 's) (ADJP 9 %) issue) (PP for (NP November delivery))) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP 98 18) (VP bid (NP *)))) , (ADVP up (NP 5) (PP from (NP-TMP late Monday))) , (S-CLR (NP-SBJ *) (VP to (VP yield (NP (QP about 9.333) %) (PP to (NP a 12-year average life assumption))))))) .)) (TOP (S (NP-SBJ-1 (NP Freddie Mac 's) (ADJP 9 1 %) issue) (VP was (VP quoted (NP *-1) (PP at (NP 99 20)) , (ADVP up (NP 3) (PP from (FRAG (NP Monday)))))) .)) (TOP (S (NP-SBJ (NP Fannie Mae 's) (ADJP 9 %) issue) (VP was (PP-PRD at (NP (QP 98 7))) , (ADVP up (NP 1))) .)) (TOP (FRAG (PP-LOC On (NP the pricing front)) , (NP (NP an 11-class issue) (PP of (NP (NP (QP $ 500 million) *U*) (NP Federal Home Loan Mortgage Corp)))) .)) (TOP (S (NP-SBJ-1 Remic mortgage securities) (VP was (VP launched (NP *-1) (PP by (NP-LGS a Morgan Stanley group)))) .)) (TOP (S (NP-SBJ-1 The offering) (VP is (VP backed (NP *-1) (PP by (NP-LGS (NP Freddie Mac 's) (ADJP 10 %) issue)) (PP with (NP a weighted average term)) (PP to (NP (NP maturity) (PP of (NP 29.583 months)))))) .)) (TOP (NP-HLN Municipal Issues)) (TOP (S (NP-SBJ Municipal bonds) (VP were (ADJP-PRD little changed (PP to (ADJP (NP-ADV 1 point) higher))) (PP in (NP late dealings))) .)) (TOP (S `` (S (NP-SBJ-1 We) (VP were (VP oversold (NP *-1)))) and (S (NP-TMP today) (NP-SBJ we) (VP bounced (PRT back))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ Some accounts) (VP came (PRT in) (PP for (NP (NP some blocks) (PP-LOC in (NP the secondary -LCB- market -RCB-)))) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ we) (VP have n't (VP seen (NP *T*-1) (PP-TMP for (NP a while)))))))) , '' (VP said (S *T*-2)) (NP-SBJ one trader) .)) (TOP (S `` (S (NP-SBJ There) (VP were (NP-PRD no -LCB- sell -RCB- lists))) and (S (NP-SBJ the calendar) (VP is (VP lightening (PRT up) (NP-ADV a bit)))) .)) (TOP (S (S-TPC-2 (NP-SBJ There) (VP 's (NP-PRD light) (PP-LOC at (NP (NP the end) (PP of (NP the tunnel)))) (PP for (NP municipals)))) , '' (NP-SBJ-1 he) (VP said (S *T*-2) , (S (NP-SBJ *-1) (VP adding (SBAR that (S (NP-SBJ he) (VP expects (S (NP-SBJ prices) (VP to (VP `` inch (ADVP up) '' (PP-TMP in (NP the near term))))))))))) .)) (TOP (S (NP-SBJ (NP The market 's) tone) (VP improved (PP-TMP after (NP (NP (NP Monday 's) pricing) (PP of (NP (ADJP (QP $ 813 million) *U*) New York City general obligation bonds ))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The issue 's) smooth absorption) (VP eased (NP fears (SBAR that (S (NP-SBJ supply) (VP would (VP overwhelm (NP demand) (PP-TMP in (NP coming sessions))))))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Demand) (PP for (NP the bonds))) (VP was (ADJP-PRD strong enough (S (NP-SBJ *) (VP to (VP permit (S (NP-SBJ underwriters) (VP to (VP trim (NP (NP some yields) (PP-LOC in (NP (NP the tax-exempt portion) (PP of (NP the offering))))) (NP-TMP late Monday))))))))) .)) (TOP (S (NP-SBJ-1 (NP A two-part (ADJP (QP $ 75.1 million) *U*) offering) (PP of (NP wastewater treatment bonds)) (PP by (NP the New Jersey Wastewater Treatment Trust))) (VP was (VP (ADVP more than half) sold (NP *-1) (PP-TMP by (PP (ADVP late) in (NP the session))) , (PP according (PP to (NP lead underwriter Merrill Lynch Capital Markets))))) .)) (TOP (S (NP-SBJ-1 The debt) (VP was (VP reoffered (NP *-1) (S-ADV (NP-SBJ-2 *-1) (VP priced (S (NP-SBJ *-2) (VP to (VP yield (PP-DIR from (NP (NP 6 %) (PP-TMP in (NP 1991)))) (PP-DIR to (NP (NP 7.15 %) (PP-TMP in (NP 2008-2009))))))))))) .)) (TOP (NP-HLN Foreign Bonds)) (TOP (S (NP-SBJ Most foreign government bonds markets) (VP were (ADJP-PRD quiet)) .)) (TOP (S (S (NP-SBJ (ADJP West German) bonds) (VP firmed (NP-ADV a bit) (PP-TMP after (NP (NP Monday 's) fall)))) , but (S (NP-SBJ traders) (VP said (SBAR 0 (S (NP-SBJ the market) (VP remains (ADJP-PRD bearish) (PP-PRP due (PP to (NP speculation (SBAR that (S (NP-SBJ interest rates) (VP could (VP rise (ADVP-TMP again))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a speech) (VP (VP given (NP *) (NP-TMP Friday)) but (VP released (NP *) (NP-TMP late Monday))))) , (NP-SBJ Bundesbank Vice President Helmut Schlesinger) (VP suggested (SBAR that (S (NP-SBJ (NP it) (S *EXP*-1)) (VP was (ADJP-PRD risky) (S-1 (NP-SBJ *) (VP to (VP claim (SBAR that (S (NP-SBJ the booming German economy) (VP has (VP reached (NP (NP the peak) (PP of (NP its cycle)))))))))))))) .)) (TOP (S (NP-SBJ-1 His comments) (VP were (VP interpreted (NP *-1) (PP-CLR as (NP a sign (SBAR that (S (NP-SBJ higher interest rates) (VP are (ADJP-PRD possible)))))))) .)) (TOP (S (PP-TMP On (NP Oct. 5)) , (NP-SBJ the Bundesbank) (VP raised (NP the Lombard and discount rates) (PP-EXT by (NP one percentage point)) (PP-DIR to (NP (NP (QP 8 % and 6 %) *U*) , (ADVP respectively) , (NP (NP the highest levels) (PP-TMP in (NP seven years)))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Germany 's) (ADJP 7 %) bond) (ADJP due (NP-TMP October 1999))) (VP was (ADJP-PRD unchanged) (PP-CLR at (NP 99.35)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 7.09 %)))) (SBAR-TMP while (S (NP-SBJ-2 (NP the (ADJP 6 3 %) notes) (ADJP due (NP-TMP July 1994))) (VP rose (NP-EXT 0.025 point) (PP-DIR to (NP 97.275)) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 7.445 %)))))))) .)) (TOP (S (NP-SBJ Japanese government bonds) (VP showed (NP little change)) .)) (TOP (S (NP-SBJ-1 (NP (NP Japan 's) benchmark No. 111 issue) (ADJP due (NP-TMP 1998))) (VP ended (PP-LOC on (NP (NP brokers ') screens)) (PP-CLR at (NP 95.90)) , (ADVP down (NP-ADV 0.02 point)) , (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 5.435 %))))) .)) (TOP (S (NP-SBJ British government bonds) (VP were (VP (ADVP little) changed (SBAR-TMP as (S (NP-SBJ investors) (VP awaited (NP (NP an address) (PP-LOC on (NP economic policy)) (PP by (NP (NP John Major) , (NP (NP the new Chancellor) (PP of (NP the Exchequer))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Britain 's) benchmark (ADJP 11 3 %) bond) (ADJP due (NP-TMP 2003))) (VP rose (NP-EXT 2) (PP-DIR to (NP (QP 111 1))) (S-ADV (NP-SBJ *-1) (VP to (VP yield (NP 10.14 %)))) (SBAR-TMP while (S (NP-SBJ-2 (NP the (ADJP 11 3 %) notes) (ADJP due (NP-TMP 1991))) (VP were (ADJP-PRD unchanged) (PP-CLR at (NP (QP 98 21))) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 12.95 %)))))))) .)) (TOP (S (NP-SBJ Paramount Communications Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP sold (NP two Simon & Schuster information services units) (PP-DTV to (NP (NP Macmillan Inc.) , (NP (NP a subsidiary) (PP of (NP Maxwell Communication Corp))))))))) .)) (TOP (S (NP-SBJ The two units) (VP are (NP-PRD (NP (NP Prentice Hall Information Services) , (SBAR (WHNP-155 which) (S (NP-SBJ *T*-155) (VP publishes (NP tax , financial planning and business law information) (PRN , (PP-LOC among (NP other services)) ,))))) and (NP (NP Prentice Hall Information Network) , (SBAR (WHNP-156 which) (S (NP-SBJ *T*-156) (VP (ADVP-MNR electronically) delivers (NP tax information))))))) .)) (TOP (S (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1)))) , but (S (NP-SBJ industry executives) (VP said (SBAR 0 (S (NP-SBJ-2 the units) (VP were (VP sold (NP *-2) (PP-CLR for (NP (QP $ 40 million) *U*)))))))) .)) (TOP (S (NP-SBJ-1 (NP Arthur H. Rosenfeld) , (NP (NP previously president) (PP of (NP the Prentice Hall Tax and Professional Services division))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP president) (PP of (NP the (ADJP newly formed) Macmillan Professional and Business Reference division)))))) .)) (TOP (S (NP-SBJ Simon & Schuster) (VP retains (NP (NP the Corporation Law looseleaf service) , (SBAR (WHNP-157 which) (S (NP-SBJ *T*-157) (VP will (VP become (NP-PRD (NP part) (PP of (NP its Prentice Hall Law & Business unit))))))))) .)) (TOP (S (NP-SBJ-1 (NP A governing body) (PP of (NP both (NP the Financial Accounting Standards Board) and (NP the Governmental Accounting Standards Board)))) (VP voted (S (NP-SBJ *-1) (VP to (VP give (NP the FASB) (NP (NP jurisdiction) (PP over (NP (NP accounting standards) (PP for (NP certain government-owned entities))))))))) .)) (TOP (S (NP-SBJ The Financial Accounting Foundation) (VP voted (ADVP-CLR 12-2) (SBAR that (S (NP-SBJ FASB accounting rules) (VP supercede (NP GASB rules) (PP in (NP (NP regard) (PP to (NP (NP (NP utilities) , (NP hospitals) , and (NP colleges and universities)) (VP owned (NP *) (PP by (NP-LGS the government))))))))))) .)) (TOP (S (NP-SBJ GASB rules) (ADVP-TMP still) (VP apply (PP-CLR for (NP other government units))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ-1 the GASB) (VP was (VP founded (NP *-1) (PP-TMP (PP in (NP 1984)) , (PP (NP 11 years) after (NP the FASB)) ,))))) (NP-SBJ-2 the government-owned entities) (VP were (VP supposed (S (NP-SBJ *-2) (VP to (VP follow (NP FASB rules) (SBAR-ADV unless (S (NP-SBJ the GASB) (VP superceded (NP them))))))))) .)) (TOP (S (NP-SBJ The GASB) (VP had (VP told (NP governments) (SBAR 0 (S (NP-SBJ-1 they) (VP did n't (VP have (S (NP-SBJ *-1) (VP to (VP follow (NP (NP FASB rules) (PP on (NP depreciation)))))))))) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (ADJP-PRD difficult) (SBAR-2 for (S (NP-SBJ bond-rating agencies) (VP to (VP compare (NP (NP (UCP private and state-owned) schools) , (SBAR (WHNP-158 which) (S (NP-SBJ *T*-158) (VP compete (PP-LOC in (NP the public bond market))))))))))))))) .)) (TOP (S (NP-SBJ The foundation vote) (VP (VP is (ADJP-PRD effective (PP for (NP (NP the affected government entities) (PP with (NP (NP fiscal years) (SBAR (WHNP-159 that) (S (NP-SBJ *T*-159) (VP begin (S (NP-SBJ *) (VP starting (NP-TMP next Jan. 1)))))))))))) and (VP makes (S (NP-SBJ (NP the financial results) (PP of (NP the hospitals , colleges and schools))) (ADJP-PRD easier (S (NP-SBJ *) (VP to (VP compare (PP-CLR with (NP for-profit businesses))))))))) .)) (TOP (S But (NP-SBJ it) (VP may (VP lead (PP-CLR to (NP (NP separate financial reports) (VP based (NP *) (PP-CLR on (NP (NP different rules) (PP for (NP (NP (NP the government entities) (PP under (NP FASB rules))) and (NP those (RRC (ADVP-TMP still) (PP-LOC under (NP GASB rules))))))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ (NP Managers) (PP of (NP government entities))) (VP are (ADVP-TMP often) (ADJP-PRD more concerned (PP with (NP the (ADJP political and legal) structure))))) and (S (NP-SBJ (NP financial-report comparability) (PP with (NP profit-making businesses))) (VP is n't (ADVP always) (NP-PRD (ADJP as high) a priority)))) , '' (NP-SBJ a foundation spokesman) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Avery Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP the sale) (PP of (NP Uniroyal Chemical Holding Co.)) (PP to (NP (NP a group) (VP led (NP *) (PP by (NP-LGS (NP management) (PP of (NP (NP Uniroyal Chemical Co.) , (NP (NP the unit 's) main business))))))))))))) .)) (TOP (S (NP-SBJ It) (VP valued (NP the transaction) (PP-CLR at (NP (QP $ 800 million) *U*))) .)) (TOP (S (NP-SBJ (NP Avery) , (SBAR (WHNP-160 which) (S (NP-SBJ-1 *T*-160) (VP continues (S (NP-SBJ *-1) (VP to (VP operate (NP (NP a coal company) (SBAR (WHNP-2 0) (S (NP-SBJ-3 it) (VP expects (S (NP-SBJ *-3) (VP to (VP sell (NP *T*-2) (PP-CLR at (NP a loss))))))))))))))) ,) (VP said (PP-LOC in (NP proxy materials)) (SBAR 0 (S (NP-SBJ-4 it) (VP intends (S (NP-SBJ *-4) (VP to (VP seek (NP (NP control) (PP of (NP (QP one or more) companies)))))))))) .)) (TOP (S (PP-TMP After (NP (NP fees) and (NP (NP repayment) (PP of (NP debt))))) , (NP-SBJ-1 Avery) (VP is (VP left (NP *-1) (PP-CLR with (NP (NP (QP about $ 24 million) *U*) (PP in (NP cash and securities)) (PP from (NP the Uniroyal sale)))))) .)) (TOP (S (NP-SBJ-1 Avery) (VP (VP paid (NP (NP (QP $ 750 million) *U*) , (PP including (NP various (ADJP legal and financing) fees)) ,) (S-PRP (NP-SBJ *-1) (VP to (VP acquire (NP (NP Uniroyal Chemical) , (NP-LOC (NP Middlebury) , (NP Conn.) ,)) (PP-TMP in (NP 1986)))))) -- (NP (NP a move) (SBAR (WHNP-161 that) (S (NP-SBJ *T*-161) (VP burdened (NP Avery) (PP-CLR with (NP debt))))))) .)) (TOP (S (PP-LOC In (NP over-the-counter trading)) , (NP-SBJ-1 Avery shares) (VP were (VP quoted (NP *-1) (NP-TMP yesterday) (PP at (NP (NP a bid price) (PP of (NP (NP 93.75 cents) (NP-ADV a share))))))) .)) (TOP (S (PP According (PP to (NP Avery))) , (PP-TMP for (NP (NP the year) (VP ended (NP-TMP Sept. 30 , 1988)))) , (NP-SBJ Uniroyal Chemical) (VP had (NP (NP (NP sales) (PP of (NP (QP $ 734.2 million) *U*))) and (NP (NP a net loss) (PP of (NP (QP $ 47.1 million) *U*))))) .)) (TOP (S (NP-SBJ An Avery spokesman) (VP said (SBAR (SBAR that (S (NP-SBJ-1 the loss) (VP was (VP magnified (NP *-1) (PP by (NP-LGS accounting adjustments)))))) and (SBAR that (S (NP-SBJ (NP the company 's) loss) (VP was (ADJP-PRD smaller) (PP on (NP a cash basis))))))) .)) (TOP (S (NP-SBJ Uniroyal) (VP has (NP 2,600 employees and facilities) (PP-LOC in (NP (NP the U.S.) , (NP Canada) , (NP Brazil) , (NP Italy) and (NP Taiwan)))) .)) (TOP (S (PP-LOC In (NP a related development)) , (NP-SBJ Avery) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP a recapitalization) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ (NP its (NX (NX controlling shareholders) and (NX top officers))) , (NP (NP Nelson Peltz) and (NP Peter W. May)) ,) (VP surrendered (NP (NP warrants) and (NP preferred stock)) (PP-CLR in (NP (NP exchange) (PP for (NP (NP a larger stake) (PP-LOC in (NP (NP Avery 's) common shares)))))) (PP *T*-1))))))))) .)) (TOP (S (PP On (NP a fully diluted basis)) , (NP-SBJ the two) (VP raised (NP their stake) (PP-DIR to (NP 68 %)) (PP-DIR from (NP 51 %))) .)) (TOP (S (PP-TMP In (NP December 1988)) , (NP-SBJ Messrs. Peltz and May) (VP sold (NP (NP their stock) (PP-LOC in (NP (NP Triangle Industries Inc.) , (NP (NP a packaging company) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP controlled (NP *T*-1))))) ,))) (PP-DTV to (NP (NP Pechiney Corp.) (PP of (NP France))))) .)) (TOP (S (NP-SBJ The executives) (VP had (VP profited (ADVP handsomely) (PP-MNR by (S-NOM (NP-SBJ *) (VP building (NP (NP American National Can Co.) , (NP (NP Triangle 's) chief asset))))))) .)) (TOP (S (PP-TMP In (NP January 1989)) , (NP-SBJ the two men) (VP acquired (NP (NP (NP the non-packaging assets) (PP of (NP Triangle))) , (PP including (NP (NP a controlling stake) (PP-LOC in (NP (NP Avery) and (PRN , (PP by (NP extension)) ,) (NP Uniroyal Chemical))))))) .)) (TOP (S (PP-LOC In (NP the August proxy material)) , (NP-SBJ Avery) (VP said (SBAR that (S (SBAR-ADV unless (S (NP-SBJ it) (VP sold (NP Uniroyal)))) , (S (NP-SBJ-1 its ability (S (NP-SBJ *) (VP to (VP service (NP debt))))) (VP would (VP be (VP hurt (NP *-1))))) and (S (NP-SBJ-2 (NP Avery 's) shareholder value) (VP would `` (VP continue (S (NP-SBJ *-2) (VP to (VP erode))))))))) . '')) (TOP (S (S-TPC-1 (SBAR-TMP Until (S (NP-SBJ Avery) (VP makes (NP an acquisition)))) , (NP-SBJ Messrs. Peltz and May) (VP will (VP waive (NP their direct salaries and bonuses)))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP For (NP (QP (ADVP at least) the next six) months)) , (ADVP however) , (NP-SBJ-1 Avery) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP pay (NP (NP $ 200,000 *U*) (NP-ADV a month)) (PP-CLR for (NP management services)) (PP-DTV to (NP (NP a company) (VP controlled (NP *) (PP by (NP-LGS Messrs. Peltz and May))))) , (PP according (PP to (NP the proxy material)))))))) .)) (TOP (S (NP-SBJ Clarcor Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 a plan (S (NP-SBJ *) (VP to (VP sell (NP its J.L. Clark Inc. subsidiary) (PP-DTV to (NP (NP a group) (VP headed (NP *) (PP by (NP-LGS Anderson Industries Inc.))))) (PP-CLR for (NP (QP $ 70.3 million) *U*)))))) (VP has (VP been (VP terminated (NP *-1))))))) .)) (TOP (S (NP-SBJ (NP Clarcor) , (NP (NP a maker) (PP of (NP packaging and filtration products))) ,) (VP said (SBAR 0 (S (NP-SBJ the two companies) (VP could n't (VP agree (PP-CLR on (NP (NP terms) (PP of (NP a definitive agreement))))))))) .)) (TOP (S (NP-SBJ-1 (NP The sale price) (PP of (NP (NP the unit) , (SBAR (WHNP-162 which) (S (NP-SBJ *T*-162) (VP makes (NP packaging products)))) ,))) (VP was (S (NP-SBJ *-1) (VP to (VP consist (PP-CLR of (NP (NP cash) , (NP notes) and (NP (NP an amount) (SBAR (WHNP-2 0) (S (NP-SBJ-3 *T*-2) (VP to (VP be (VP determined (NP *-3) (PP by (NP-LGS (NP the unit 's) future performance)))))))))))))) .)) (TOP (S (NP-SBJ Clarcor) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP inviting (NP (NP proposals) (PP from (NP (NP other prospective purchasers) (PP of (NP the unit)))))))))) .)) (TOP (S (NP-SBJ Both Clarcor and Anderson) (VP are (VP based (PP-LOC-CLR in (NP (NP Rockford) , (NP Ill .))))))) (TOP (S (NP-SBJ (NP Rally 's) Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP adopted (NP a shareholders rights plan (S (NP-SBJ *) (VP to (VP protect (NP shareholders) (PP-CLR from (NP an (ADJP inadequately priced) takeover offer)))))))))) .)) (TOP (S (NP-SBJ The plan) (VP provides (PP-CLR for (NP (NP the distribution) (PP of (NP one common stock-purchase right)) (PP as (NP (NP a dividend) (PP for (NP (NP each share) (PP of (NP (NP common) (ADJP outstanding)))))))))) .)) (TOP (S (NP-SBJ Each right) (VP entitles (S (NP-SBJ shareholders) (VP to (VP buy (NP (NP one-half share) (PP of (NP common))) (PP-CLR for (NP $ 30 *U*)))))) .)) (TOP (S (NP-TMP Earlier this month) , (NP-SBJ (NP a group) (VP led (NP *) (PP by (NP-LGS (NP (NP three) (PP of (NP (NP the company 's) directors))) , (NP (NP Burt Sugarman) , (NP James M. Trotter III) and (NP Willam E. Trotter II)) ,)))) (VP indicated (SBAR (SBAR 0 (S (NP-SBJ it) (VP had (NP (NP a (ADJP 45.2 %) stake) (PP in (NP the (NAC-LOC Louisville , Ky. ,) fast-food company)))))) and (SBAR that (S (NP-SBJ-1 it) (VP planned (S (NP-SBJ *-1) (VP to (VP seek (NP (NP a majority) (PP of (NP (NP seats) (PP-LOC on (NP (NP Rally 's) nine-member board))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (VP `` concerned (PP-CLR about (NP (NP the announced intent (S (NP-SBJ *) (VP to (VP acquire (NP (NP control) (PP of (NP the company))))))) '' (PP by (NP a Sugarman-led group))))))))) .)) (TOP (S (NP-SBJ Fujitsu Ltd.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP wants (S (NP-SBJ *-1) (VP to (VP withdraw (NP its controversial one-yen bid (S (NP-SBJ *) (VP to (VP design (NP a waterworks computer system) (PP-BNF for (NP (NP the city) (PP of (NP Hiroshima))))))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP Japan 's) Fair Trade Commission) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP considering (S (NP-SBJ *-1) (VP launching (NP (NP an investigation) (PP into (SBAR whether (S (NP-SBJ (NP the bid) , (NP (NP the equivalent) (PP of (NP (NP less) (PP than (NP a penny))))) ,) (VP violates (NP anti-monopoly laws))))))))))))) .)) (TOP (S (NP-SBJ-1 Hiroshima) (NP-TMP last week) (VP held (NP an auction) (S-PRP (NP-SBJ *-1) (VP to (VP pick (NP the contractor)))) , (S-ADV (NP-SBJ-2 *-1) (VP expecting (S (NP-SBJ *-2) (VP to (VP pay (NP (QP about 11 million) yen) (PP-CLR for (NP the project)))))))) .)) (TOP (S (S (NP-SBJ Eight companies) (VP submitted (NP bids))) , but (S (NP-SBJ-1 Fujitsu) (VP won (NP the contract) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP (ADVP essentially) saying (SBAR 0 (S (NP-SBJ it) (VP would (VP do (NP the job) (PP-CLR for (NP free))))))))))) .)) (TOP (S (NP-SBJ (NP News) (PP of (NP the bid))) (VP drew (NP sharp criticism) (PP-CLR from (NP (NP other computer companies) and (NP industry observers)))) .)) (TOP (S (NP-SBJ (NP Fujitsu) (NP itself) , (SBAR (WHNP-163 which) (S (NP-SBJ *T*-163) (VP said (SBAR 0 (S (NP-SBJ-1 the bid) (VP had n't (VP been (VP approved (NP *-1) (PP by (NP-LGS its headquarters)))))))))) ,) (VP was (ADVP clearly) (ADJP-PRD embarrassed)) .)) (TOP (S (S-TPC-1 (NP-SBJ The bid) (VP was n't (ADJP-PRD `` socially acceptable))) , '' (NP-SBJ a company spokeswoman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Hiroshima officials) (VP said (SBAR 0 (S (NP-SBJ they) (ADVP-TMP still) (VP (VP consider (S (NP-SBJ the contract) (PP-PRD in (NP effect)))) and (VP had (NP no immediate plans (S (NP-SBJ *) (VP to (VP cancel (NP it)))))))))) .)) (TOP (S (NP-SBJ They) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP wanted (S (NP-SBJ-2 *-1) (VP to (VP wait (PP-CLR for (NP (NP the outcome) (PP of (NP any government investigation)))) (PP-TMP before (S-NOM (NP-SBJ-3 *-2) (VP deciding (SBAR (WHNP-164 what) (S (NP-SBJ *-3) (VP to (VP do (NP *T*-164))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP The city 's) Department) (PP of (NP Consumer Affairs))) (VP charged (NP Newmark & Lewis Inc.) (PP-CLR with (S-NOM (NP-SBJ-1 *) (VP failing (S (NP-SBJ *-1) (VP to (VP deliver (PP-CLR on (NP (NP its promise) (PP of (S-NOM (NP-SBJ *) (VP lowering (NP prices))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a civil suit) (VP commenced (PP-LOC in (NP (NP state Supreme Court) (PP-LOC in (NP New York))))))) , (NP-SBJ the agency) (VP alleged (SBAR that (S (NP-SBJ-2 the consumer-electronics and appliance discount-retailing chain) (VP engaged (PP-CLR in (NP deceptive advertising)) (PP-MNR by (S-NOM (NP-SBJ-1 *-2) (VP claiming (S (NP-SBJ *-1) (VP to (VP have `` (VP lowered (NP (NP every price) (PP-LOC on (NP every item))) '' (PP as (NP (NP part) (PP of (NP (NP an advertising campaign) (SBAR (WHNP-165 that) (S (NP-SBJ *T*-165) (VP began (NP-TMP June 1))))))))))))))))))) .)) (TOP (S (NP-SBJ The agency) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP monitored (NP (NP Newmark & Lewis 's) advertised prices) (PP-TMP before and after (NP the ad campaign))) , and (VP found (SBAR that (S (NP-SBJ (NP the prices) (PP of (NP (QP at least 50) different items))) (VP either (VP increased) or (VP stayed (NP-ADV the same)))))))))) .)) (TOP (S (PP-TMP In (NP late May)) , (NP-SBJ Newmark & Lewis) (VP announced (NP a plan (S (NP-SBJ *) (VP to (VP (VP cut (NP prices) (NP-ADV (QP 5 % to 20) %)) and (VP eliminate (SBAR-NOM (WHNP-166 what) (S (NP-SBJ it) (VP called (S (NP-SBJ *T*-166) (NP-PRD (NP a `` standard discount-retailing practice '') (PP of (S-NOM (NP-SBJ *) (VP negotiating (NP individual deals) (PP-CLR with (NP customers)))))))))))))))) .)) (TOP (S (NP-SBJ The consumer agency) (ADVP also) (VP disputed (NP (NP (NP Newmark & Lewis 's) continuing strategy) (PP of (S-NOM (NP-SBJ *) (VP advertising (NP `` new lower prices '') (SBAR-TMP (WHADVP when) (S (ADVP allgedly) (NP-SBJ there) (VP have n't (VP been (NP-PRD price reductions) (PP-TMP since (NP June 1))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Richard D. Lewis) , (NP (NP president) (PP of (NP the 47-store chain))) ,) (VP defended (NP (NP the company 's) pricing campaign) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ it) (VP did n't (VP use `` (NP (NP the misleading expression) ` (VP reduced (PP-CLR from (NP original prices))))))))))) . ' '')) (TOP (S (NP-SBJ Mr. Lewis) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP (VP marked (NP price tags)) and (VP advertised (PP-MNR at (NP its `` lowest possible prices '')) (PP for (NP all its merchandise))) (S-PRP (NP-SBJ *-1) (VP to (VP reduce (NP public confusion)))))))) .)) (TOP (S (NP-SBJ Mr. Lewis) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP (VP gave (NP the Consumer Affairs department) `` (NP (NP volumes) (PP of (NP documents))) '' (S-PRP (NP-SBJ *-1) (VP to (VP substantiate (NP its statements))))) , and (VP made (NP `` every effort (S (NP-SBJ *) (VP to (VP comply '' (PP-CLR with (NP all (NP the agency 's) policies))))))))))) .)) (TOP (S (PP-LOC In (NP its suit)) , (NP-SBJ the consumer agency) (VP seeks (NP (NP (NP fines) (PP of (NP (NP $ 1,000 *U*) (PP per (NP (NP violation) (PP of (NP (NP the city 's) Consumer Protection Law))))))) , (NP (NP costs) (PP of (NP investigation))) , and (NP (NP an injunction) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP prevent (NP-2 Newmark & Lewis) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP continuing (NP its allegedly deceptive advertising))))))))))) .)) (TOP (S (NP-SBJ-1 Wary investors) (VP have (VP been (VP running (PP-CLR for (NP (NP (NP the stock market 's) equivalent) (PP of (NP bomb shelters)))) , (S-ADV (NP-SBJ *-1) (VP buying (NP (NP shares) (PP of (NP (UCP gold-mining and utility) companies)))))))) .)) (TOP (S (NP-SBJ Those two groups) (VP have (ADVP-TMP recently) (VP been (VP leading (NP (NP the list) (PP of (NP (NP stocks) (VP setting (NP new highs)))))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ only a dozen common stocks) (VP hit (NP 52-week highs) (PP-LOC on (NP the New York Stock Exchange)) (ADVP-TMP *T*-1)))) , (S (NP-SBJ five) (VP were (NP-PRD gold-mining issues))) , and (S (NP-SBJ another four) (VP were (NP-PRD utilities))) .)) (TOP (S (PP-TMP On (NP Monday)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ a mere seven common stocks) (VP managed (NP new highs) (ADVP-TMP *T*-1)))) , (NP-SBJ six) (VP were (NP-PRD utilities or golds)) .)) (TOP (S (PP-TMP At (NP first glance)) , (NP-SBJ gold and utilities) (VP seem (NP-PRD strange bedfellows)) .)) (TOP (S (PP After (NP all)) , (NP-SBJ gold prices) (ADVP-TMP usually) (VP soar (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ inflation) (VP is (ADJP-PRD high) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ Utility stocks) , (PP on (NP the other hand)) , (VP thrive (PP-CLR on (NP disinflation)) , (SBAR-PRP because (S (NP-SBJ (NP the fat dividends) (SBAR (WHNP-1 0) (S (NP-SBJ utilities) (VP pay (NP *T*-1))))) (VP look (ADJP-PRD more attractive) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ prices) (VP are (VP (VP falling) (PRN -LRB- or (VP rising (ADVP-MNR slowly)) -RRB-) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (S But (NP-SBJ the two groups) (VP have (NP (NP (NP something) (ADJP very important)) (PP in (ADJP common))))) : (S (NP-SBJ They) (VP are (NP-PRD (NP (NP both havens) (PP for (NP scared money))) , (NP (NP stocks) (PP for (NP (NP people) (SBAR (WHNP-167 who) (S (NP-SBJ *T*-167) (VP hate (NP stocks)))))))))) .)) (TOP (S (NP-SBJ It) (VP 's (SBAR-PRD as if (S (NP-SBJ investors) , (NP-TMP the past few days) , (VP are (VP betting (SBAR that (S (NP-SBJ-1 something) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP go (ADVP wrong) -- (SBAR-ADV even if (S (NP-SBJ they) (VP do n't (VP know (FRAG (WHNP what)))))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ (NP the stock market) and (NP the economy)) (VP (VP catch (NP their breath)) and (VP show (SBAR that (S (NP-SBJ they) (VP 're (PP-PRD on (NP firmer footing))))))))) , (NP-SBJ these stocks) (VP might (ADVP well) (VP fall (ADVP-DIR back))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ that) (VP happened (PP to (NP some extent)) (NP-TMP yesterday) , (SBAR-TMP as (S (NP-SBJ industrial stocks) (VP rebounded , (PP (ADVP partly) on (NP (NP news) (PP of (NP (NP takeovers) (PP-LOC in (NP the paper industry)))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP a lot) (PP of (NP investors))) (ADVP clearly) (VP have (VP revived (NP (NP their interest) (PP-LOC in (NP gold and utility shares))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The primary overriding thing) (VP is (SBAR-PRD that (S (NP-SBJ people) (VP are (ADJP-PRD frightened)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Martin Sass) , (NP a New York money manager)) .)) (TOP (S `` (NP-SBJ (NP The aftershocks) (PP of (NP (NP-TMP Oct. 13) (PRN -LRB- (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the Dow Jones Industrial Average) (VP dropped (NP-EXT 190 points) (ADVP-TMP *T*-1)))) -RRB-)))) (VP are (ADVP-TMP still) (VP reverberating)) . '')) (TOP (S (ADVP Certainly) , (NP-SBJ the Oct. 13 sell-off) (VP did n't (VP settle (NP any stomachs))) .)) (TOP (S (PP Beyond (NP that)) , (NP-SBJ (NP money managers) and (NP analysts)) (VP see (NP other problems)) .)) (TOP (S (S (NP-SBJ Inventories) (VP are (VP creeping (PRT up)))) ; (S (NP-SBJ car inventories) (VP are (ADVP-TMP already) (ADJP-PRD high))) , and (S (NP-SBJ big auto makers) (VP are (VP idling (NP plants)))) .)) (TOP (S (NP-SBJ Takeover fever) (VP has (VP cooled , (S-ADV (NP-SBJ *) (VP removing (NP a major horse) (PP-CLR from (NP (NP the market 's) cart)))))) .)) (TOP (S (NP-SBJ (NP Britain 's) unsettled political scene) (ADVP also) (VP worries (NP some investors)) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ (NP The gyrations) (PP-LOC in (NP the British government))) '' (VP add (NP political uncertainty) (PP on (NP (NP top) (PP of (NP (NP high inflation) and (NP a ragged stock market))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP John Hoffman) , (NP (NP assistant director) (PP of (NP research)) (PP-LOC at (NP (NP Smith Barney) , (NP Harris Upham) & (NP Co))))) .)) (TOP (S `` (NP-SBJ-1 (NP One) (PP of (NP (NP the three major markets) (PP-LOC in (NP the world))))) (VP is (VP getting (VP chewed (NP *-1) (PRT up) (ADVP pretty bad)))) . '')) (TOP (SINV `` (S (SBAR-ADV If (S (NP-SBJ the Fed) (VP does not (VP (VP come (PP-CLR to (NP the rescue))) and (VP produce (NP (ADJP lower short-term) interest rates) (PP-TMP over (NP the next 30 days))))))) , (NP-SBJ-1 the market) (VP 's (VP going (S (NP-SBJ *-1) (VP to (VP flounder)))))) , '' (VP says) (NP-SBJ (NP Larry Wachtel) , (NP (NP a market analyst) (PP with (NP Prudential-Bache Securities)))) .)) (TOP (S (SBAR With (S (NP-SBJ (NP this sort) (PP of (NP sentiment))) (ADJP-PRD common))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD natural) (SBAR-1 for (S (NP-SBJ investors) (VP to (VP seek (PRT out) (NP `` defensive '' investments)))))) .)) (TOP (S (S (NP-SBJ Utilities) (VP are (NP-PRD a classic example))) : (S (PP (ADVP Even) in (NP recessions)) , (NP-SBJ-1 people) (VP continue (S (NP-SBJ *-1) (VP to (VP use (NP (NP electric power) , (NP water) and (NP gas)) (PP-MNR at (NP a (ADJP fairly steady) rate))))))) .)) (TOP (S (NP-SBJ (NP Such defensive issues) (PP as (NP (NP food) , (NP tobacco) , and (NP drug stocks)))) (VP have (VP been (PP-PRD in (NP favor)) (PP-TMP for (NP some time)))) .)) (TOP (S But (NP-SBJ (NP many) (PP of (NP these stocks))) (VP have (ADVP-TMP now) (VP become (ADJP-PRD expensive))) .)) (TOP (S (S (NP-SBJ Mr. Wachtel) (VP points (PP-CLR to (NP (NP Coca-Cola Co.) and (NP PepsiCo Inc.))) (PP-CLR as (NP examples)))) : (S (NP-SBJ They) (VP 're (VP selling (PP-CLR for (NP (QP 18 to 22 times) estimated 1990 per-share earnings))))) .)) (TOP (S (NP-SBJ Gold stocks) (VP are n't (ADJP-PRD cheap) (PP on (NP this basis)) , (ADVP either) , (PP with (S-NOM (NP-SBJ many) (VP selling (PP-CLR for (NP (QP 20 times) earnings (QP or more))))))) .)) (TOP (S (NP-SBJ-1 Even utility stocks) (VP are n't (ADJP-PRD all that inexpensive) , (S-ADV (NP-SBJ *-1) (PP-PRD at (NP (NP an average) (PP of (NP (QP 14 times) earnings)))))) .)) (TOP (S But (NP-SBJ the two groups) (VP represent (NP (NP a further step) (PP-LOC in (NP defensiveness)))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 (NP gold stocks) and (NP utilities)) (VP continue (S (NP-SBJ *-1) (VP to (VP lead)))))) , (NP-SBJ it) (VP may (VP signal (SBAR that (S (NP-SBJ the market) (VP is (PP-PRD in (PP for (NP rough times)))))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRD (ADVP just) (WHNP-168 what) (S (NP-SBJ Joseph Granville) (VP expects (NP *T*-168))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 We) (VP are (VP going (S (NP-SBJ *-1) (VP to (VP explode (ADVP-MNR lower))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP the flamboyant market seer) , (SBAR (WHNP-169 who) (S (NP-SBJ *T*-169) (VP had (NP a huge following) (ADVP-TMP (NP a few years) back))))) .)) (TOP (S `` (NP-SBJ (NP-SBJ Anyone) (VP telling (NP-1 you) (S (NP-SBJ *-1) (VP to (VP buy (NP stocks) (PP-LOC in (NP this market))))))) (VP is (ADJP-PRD technically irresponsible)) .)) (TOP (S (NP-SBJ-1 You) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP own (NP (NP anything) (PP *ICH*-2)) (ADVP-TMP long) (PP-2 except (NP gold stocks))))))) . '')) (TOP (S (NP-SBJ (NP One reason) (PP for (NP his gloom))) (VP is (NP-PRD (NP a weekly tally) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP keeps (NP (NP *T*-1) (PP of (NP (NP stocks) (PP within (NP (NP a point) (PP of (S-NOM (NP-SBJ *) (VP hitting (NP new highs or lows)))))))))))))) .)) (TOP (S (NP-TMP Last Friday) , (NP-SBJ (NP 96 stocks) (PP-LOC on (NP the Big Board))) (VP hit (NP new 12-month lows)) .)) (TOP (S But (PP by (NP (NP Mr. Granville 's) count)) , (NP-SBJ 493 issues) (VP were (PP-PRD within (NP (NP one point) (PP of (NP such lows))))) .)) (TOP (S (NP-SBJ (NP Robert Stovall) , (NP (NP a veteran New York money manager) and (NP (NP president) (PP of (NP Stovall/Twenty-First Securities)))) ,) (VP has (NP money) (PP-LOC in (NP both (NP gold) and (NP utility issues)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ we) (VP could (ADVP very well) (VP have (NP (NP -LCB- an economic -RCB- slowdown) , (VP beginning (ADVP-TMP (ADVP very soon) (CONJP if) not (ADVP already)))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Stovall) (VP does n't (VP expect (NP an actual recession))) .)) (TOP (S But (NP-SBJ he) (VP does (VP expect (NP (NP `` a muffler dragger '') (PP of (NP an economy))) , (PP with (NP `` (NP (ADJP very slow) growth) , (NP (NP maybe one quarter) (PP of (NP (NP no growth) (ADVP at all)))))))) . '')) (TOP (S (PP-LOC In (NP such a climate)) , (NP-SBJ utility stocks) (VP look (ADJP-PRD good) (PP to (NP him))) .)) (TOP (S (NP-SBJ He) (VP favors (NP (NP FPL Group Inc.) , (NP Florida Progress Corp.) , (NP TECO Energy Inc.) , (NP Wisconsin Energy Corp.) , and (NP Dominion Resources Inc))) .)) (TOP (S-1 (NP-SBJ (NP The appeal) (PP of (NP gold issues))) (PRN , (S (NP-SBJ Mr. Stovall) (VP says (SBAR 0 (S *T*-1)))) ,) (VP is (SBAR-PRD that (S `` (NP-SBJ they) (VP 're (NP-PRD a counter group))))) .)) (TOP (S (NP-SBJ You) (VP go (PP into (NP them)) (SBAR-PRP because (S (NP-SBJ they) (VP move (ADVP-MNR counter (PP to (NP the general market))))))) . '')) (TOP (S (NP-SBJ He) (VP adds (SBAR that (S (NP-SBJ gold stocks) (VP had (VP been (ADJP-PRD down) (ADVP-TMP so long (SBAR 0 (S (NP-SBJ they) (VP were (ADJP-PRD `` ready (PP for (NP a bounce)))))))))))) . '')) (TOP (S (NP-SBJ His favorites) (VP are (NP-PRD (NP American Barrick Resources Corp.) , (NP Echo Bay Mines Ltd.) and (NP Coeur d'Alene Mines Corp))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ Mr. Stovall) (VP emphasizes (SBAR that `` (S (NP-SBJ you) (VP do n't (VP buy (NP -LCB- gold stocks -RCB-) (PP-MNR based (PP on (NP powerful fundamentals)))))))) . '')) (TOP (S (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ *-1) (VP having (NP high price-earnings ratios)))))) , (NP-SBJ-1 most) (VP pay (NP puny dividends) , (SBAR-ADV if (FRAG (NP any)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The earning power) -LCB- (PP of (NP gold mining companies)) -RCB-) (VP is (ADJP-PRD restricted) (SBAR-ADV unless (S (NP-SBJ the gold price) (VP hops (ADVP-DIR up) (PP-DIR over (NP (NP $ 425 *U*) (NP-ADV an ounce)))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Abby Cohen) , (NP (NP an investment strategist) (PP for (NP Drexel Burnham Lambert))) ,) (ADVP also) (VP thinks (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP makes (NP sense) (S-1 (NP-SBJ *) (VP to (VP have (NP some money) (PP-LOC in (NP both (NP utilities) and (NP gold)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ My outlook) (VP is (PP-PRD for (NP (NP a decline) (PP of (NP (QP about 10) %)) (PP-LOC in (NP corporate profits)) '' (PP-TMP in (NP 1990)))))) , (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S But `` (NP-SBJ (NP a bunch) (PP of (NP utilities))) '' (VP should (VP post (NP profit increases))) .)) (TOP (S (PP-LOC Among (NP utilities)) , (NP-SBJ Drexel) (ADVP-TMP currently) (VP favors (NP (NP Entergy Corp.) and (NP General Public Utilities Corp))) .)) (TOP (S (PP As (PP for (NP gold))) , (NP-SBJ she) (VP notes (SBAR that (S (NP-SBJ it) (ADVP-TMP usually) (VP rises (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the dollar) (VP is (ADJP-PRD weak) (ADVP-TMP *T*-1) , (SBAR-ADV as (S (NP-SBJ it) (VP has (VP been (ADJP-PRD *?*) (ADVP-TMP lately)))))))))))) .)) (TOP (S (PP-LOC Among (NP gold stocks)) , (NP-SBJ Drexel) (VP likes (NP (NP Battle Mountain Gold Co.) , (NP Newmont Gold Co.) and (NP Freeport-McMoRan Gold Co))) .)) (TOP (S (NP-SBJ-1 (NP It) (SBAR *EXP*-2)) (ADVP-TMP never) (VP ceases (S (NP-SBJ *-1) (VP to (VP amaze (NP me)))) (SBAR-2 (WHADVP how) (S (NP-SBJ-3 the business world) (VP continues (S (NP-SBJ *-3) (VP to (VP trivialize (NP (NP the world 's) environmental problems))))))) -LRB- (SQ-TTL `` Is (NP-SBJ (NP Science) , or (NP Private Gain) ,) (VP Driving (NP Ozone Policy)) ? '') (PP by (NP (NP George Melloan) , (NP (NP Business World) , (NP Oct. 24)))) -RRB-) .)) (TOP (S (S-SBJ (NP-SBJ *) (VP To (VP suggest (SBAR that (S (NP-SBJ (NP a (ADJP 10 %) drop) (PP-LOC in (NP ozone)) (PP-TMP by (NP (NP the middle) (PP of (NP the next century))))) (VP would (VP be (ADJP-PRD negligible)))))))) (VP is (ADJP-PRD irresponsible and shortsighted)) .)) (TOP (S (NP-SBJ *) (VP Consider (NP the fact (SBAR that (S (NP-SBJ-1 (NP a (ADJP mere 2 %) drop) (PP-LOC in (NP ozone))) (VP would (VP increase (NP (NP birth defects) and (NP mutations)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP allowing (S (NP-SBJ solar radiation) (VP to (VP alter (NP the DNA structure))))))))))))) .)) (TOP (S (S (NP-SBJ Even a small reduction) (VP is (ADJP-PRD unacceptable))) and (S (S-SBJ (NP-SBJ *) (VP to (VP suggest (ADVP otherwise)))) (VP is (ADJP-PRD (ADJP penny-wise) and (ADJP pound-foolish)))) .)) (TOP (S (NP-SBJ (NP The reason) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 environmentalists) `` (VP do n't (VP mind (S (NP-SBJ *-1) (VP seeing (S (NP-SBJ new crises) (VP arise)))) (ADVP-PRP *T*-2))) ''))) (VP is (SBAR-PRP-PRD because (S (NP-SBJ there) (VP are (NP-PRD new crises))))) .)) (TOP (NP (NP Crises) (ADJP (ADJP (ADJP larger) and (ADJP more dangerous (PP to (NP (NP the quality) (PP of (NP life)))))) (SBAR than (S (NP-SBJ they) (VP were (ADJP-PRD *?*) (ADVP-TMP (NP 10 years) ago))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP are (ADJP-PRD doubtful)))) , (NP-SBJ *) (VP consider (PP-TMP for (NP a moment)) (SBAR that (S (NP-SBJ-1 (NP the Pomton Lakes Reservoirs) (PP-LOC in (NP northern New Jersey)) , (SBAR (WHNP-170 which) (S (NP-SBJ *T*-170) (VP supply (NP the tristate area) (PP-CLR with (NP drinking water))))) ,) (VP are (VP riddled (NP *-1) (PP-CLR with (NP toxic PCBs))))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP a fact) and (NP (NP not the product) (PP of (NP (NP some environmental doomsayer) or (NP (NP a group 's) ploy (S (NP-SBJ *) (VP to (VP create (NP a market)))))))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP time) (SBAR (WHADVP-1 0) (S (NP-SBJ (NP business leaders) and (NP the general public)) (VP learn (SBAR that (S (NP-SBJ mankind) (VP (VP does not (VP rule (PP-CLR over (NP this natural environment)))) but (VP is (ADVP rather) (NP-PRD (NP the integral , symbiotic player) (PP-LOC within (NP (NP nature 's) workings))))))) (ADVP-TMP *T*-1)))))) .)) (TOP (NP (NP Mark T. Kuiper) (NP-LOC (NP Jersey City) , (NP N.J .)))) (TOP (S (S (NP-SBJ (NP Mr. Melloan 's) column) (VP was (PP-PRD (ADVP right) on (NP the money)))) , but (S (NP-SBJ I) (VP wish (SBAR 0 (S (NP-SBJ it) (VP could (VP have (VP gone (ADVP-CLR (NP one step) further)))))))) .)) (TOP (S (PP As (NP (NP an employee) (PP of (NP a major refrigerator and freezer manufacturer)))) , (NP-SBJ I) (VP have (VP been (ADVP-MNR heavily) (VP involved (PP-CLR in (S-NOM (NP-SBJ *) (VP dealing (PP-CLR with (NP (NP (NP the political manifestations) (PP of (NP (NP the Rowland-Molina theory) (PRN -LRB- (VP named (NP *) (PP-CLR after (NP (NP the researchers) (SBAR (WHNP-171 who) (S (NP-SBJ *T*-171) (VP found (PP-TMP in (NP 1974)) (SBAR that (S (NP-SBJ chlorofluorocarbons) (VP contributed (PP-CLR to (NP (NP the depletion) (PP of (NP (NP ozone) (PP-LOC in (NP (NP the earth 's) atmosphere))))))))))))))) -RRB-)))) and (NP the Montreal Protocol))))))))) .)) (TOP (S (NP-SBJ (NP An important part) (PP of (NP my effort))) (VP has (VP been (S-PRD (NP-SBJ *) (VP to (VP understand (NP the science) (SBAR-PRP so (S (NP-SBJ I) (VP can (VP explain (NP it) (PP-CLR to (NP (NP corporate colleagues) (VP facing (NP (NP major changes) (PP-LOC in (NP product design))))))))))))))) .)) (TOP (S (PP-LOC In (NP my research)) , (NP-SBJ I) (VP have (VP found (NP (NP (NP a paper) (PP by (NP (NP (NP Joseph Scotto) (PP of (NP the National Cancer Institute))) and (NP several colleagues)))) (VP reporting (NP (NP an 11-year decrease) (PP in (NP UV-B radiation)) (PP-LOC at (NP eight U.S. measurement sites))))))) .)) (TOP (S (NP-SBJ (NP Our concern) (PP for (NP the ozone layer))) , (PP of (NP course)) , (VP grows (PP-DIR out (PP of (NP (NP the potential) (PP for (NP (NP increasing UV-B radiation) , (SBAR (WHNP-172 which) (S (NP-SBJ *T*-172) (VP could (VP damage (NP flora and fauna))))))))))) .)) (TOP (S (S (NP-SBJ (NP (NP The last) (PP of (NP the measurements))) (VP reported (NP *))) (VP was (PP-TMP-PRD in (NP 1985)))) , but (S (NP-SBJ (NP recent conversations) (PP with (NP Mr. Scotto))) (VP indicated (SBAR that (S (NP-SBJ he) (VP knew (PP-CLR of (NP (NP no recent changes) (PP-LOC in (NP the trend))))))))) .)) (TOP (S (NP-SBJ I) (VP understand (PRN , but (VP have n't (ADVP-TMP yet) (VP verified (SBAR *ICH*-1))) ,) (SBAR-1 that (S (NP-SBJ there) (VP are (NP-PRD (NP studies) (PP by (NP (NP Norwegians) , (NP Russians) and (NP the Max Planck Institute))) (SBAR (WHNP-173 that) (S (NP-SBJ *T*-173) (VP show (NP either (VP unchanging or declining) UV-B) (PP-LOC at (NP the surface)))))))))) .)) (TOP (S (PP To (NP me)) , (NP-SBJ this) (VP calls (PP-CLR into (NP question)) (NP (NP the validity) (PP of (NP (NP the Rowland-Molina theory) and (ADVP hence) (NP the whole chlorofluorocarbons replacement effort))))) .)) (TOP (S (NP-SBJ This) , (PP in (NP turn)) , (VP threatens (NP (NP the massive vested interests) (SBAR (WHPP-1 of (WHNP which)) (S (NP-SBJ you) (VP have (VP written (PP *T*-1))))))) .)) (TOP (S (NP-SBJ-1 (NP My questions) (PP on (NP this subject))) (PP-LOC at (NP (NP a recent meeting) (PP-LOC at (NP the World Resources Institute)) (PP with (NP (NP representatives) (PP of (NP (NP the National Resource Development Commission) , (NP the Environmental Protection Agency) , (NP (NP Friends) (PP of (NP the Earth))) , (X etc.))))))) (VP were (VP greeted (NP *-1) (PP-MNR with (NP (NP derision) and (NP (NP some mumbled comments) (PP about (NP (NP that report) (VP being (VP discredited (NP *)))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ I) (VP expressed (NP amazement (SBAR that (S (NP-SBJ no one) (VP was (VP undertaking (NP a (ADJP more current and credible) UV-B study)))))) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 I) (VP was (VP urged (S (NP-SBJ *-2) (VP to (VP get (ADVP-DIR back) (PP-DIR to (NP (NP the agenda topic) , (SBAR (WHNP-174 which) (S (NP-SBJ *T*-174) (VP was , (ADVP ironically) , (NP-PRD (NP a schedule) (PP for (S-NOM (NP-SBJ *) (VP getting (ADJP-PRD rid (PP of (NP (NP HCFCs) , (NP (NP the so-called soft CFCs) (SBAR (WHNP-175 that) (S (NP-SBJ *T*-175) (VP are (NP-PRD (NP such an important part) (PP of (NP the CFC substitution scenario)))))))))))))))))))))))) .)) (TOP (S (ADVP Subsequently) , (NP-SBJ I) (VP have (VP learned (SBAR that (S (NP-SBJ (NP a private group) , (SBAR (WHPP-1 of (WHNP which)) (S (NP-SBJ Du Pont) (VP is (NP-PRD (NP a part) (PP *T*-1))))) ,) (VP is (VP funding (NP a modest program (S (NP-SBJ *) (VP (VP to (VP continue (NP (NP data gathering) (PP-LOC at (NP the Scotto report stations))))) (CONJP as well as) (VP to (VP develop (NP (ADJP more sophisticated) UVB measuring instruments)))))))))))) .)) (TOP (S But (NP-SBJ this) (VP is (NP-PRD almost an underground activity)) .)) (TOP (S (PP To (NP my knowledge)) , (NP-SBJ (NP no government entities) , (PP including (NP the EPA)) ,) (VP are (VP pursuing (NP UV-B measurements))) .)) (TOP (S (NP-SBJ The topic) (ADVP-TMP never) (VP comes (PRT up) (PP-LOC in (NP (NP ozonedepletion `` establishment '' meetings) , (SBAR (WHPP-1 of (WHNP which)) (S (NP-SBJ I) (VP have (VP attended (NP (NP many) (PP *T*-1))))))))) .)) (TOP (S (NP-SBJ It) (VP seems (PP to (NP me)) (SBAR-PRD that (S (NP-SBJ such measurements) (VP are (NP-PRD (NP a vital part) (PP of (NP (NP any (ADJP intellectually honest) evaluation) (PP of (NP (NP the threat) (VP posed (NP *) (PP by (NP-LGS CFCs)))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ *-1) (VP recognizing (SBAR that (S (NP-SBJ professional environmentalists) (VP may (VP feel (ADJP-PRD threatened)))))))) , (NP-SBJ-1 I) (VP intend (S (NP-SBJ *-1) (VP to (VP urge (SBAR that (S (NP-SBJ-2 UV-B) (VP be (VP monitored (NP *-2))))) (SBAR-TMP (WHADVP-3 whenever) (S (NP-SBJ I) (VP can (VP *?* (ADVP-TMP *T*-3))))))))) .)) (TOP (X (NP (NP Frederick H. Hallett) (NP Vice President)) (NP Industry and Government Relations) (NP (NP White Consolidated Industries Inc .) (NP-LOC Washington)))) (TOP (S (NP-SBJ-1 (NP The relationship) (PP between (NP (NP (NP surface release) (PP of (NP CFCs))) and (NP global stratospheric ozone loss)))) (VP was (VP identified (NP *-1) (PP-TMP (ADVP back) in (NP 1974)))) .)) (TOP (S (SBAR-ADV Although (PRN , (PP like (NP all scientific theories)) ,) (S (NP-SBJ it) (VP had (NP its initial opponents)))) , (NP-SBJ few experts) (VP question (NP the connection) (ADVP-TMP now)) .)) (TOP (S (NP-SBJ (NP (NP The discovery) (PP of (NP (NP the ozone `` hole '') (PP-LOC over (NP Antarctica))))) and (NP (NP the results) (PP of (NP (NP (ADJP ground-based and high-altitude) aircraft experiments) (VP conducted (NP *) (PP-TMP over (NP the past several years))))))) (VP serve (PP-CLR as (NP evidence (SBAR that (S (NP-SBJ-1 ozone depletion) (VP is (VP related (NP *-1) (PP-CLR to (NP CFC concentrations))))))))) .)) (TOP (S (PP-LOC In (NP (NP the September issue) (PP of (NP-TTL Scientific American)))) , (NP-SBJ (NP (NP Thomas E. Graedel) , (NP (NP distinguished member) (PP of (NP (NP the technical staff) (PP-LOC at (NP AT&T Bell Laboratories))))) ,) and (NP (NP Paul J. Crutzen) , (NP (NP director) (PP of (NP (NP the air chemistry division) (PP of (NP (NP the Max Planck Institute) (PP for (NP Chemistry)) (PP-LOC in (NP (NP Mainz) , (NP West Germany)))))))) ,)) (VP wrote , (S `` (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADVP-TMP now) (ADJP-PRD quite evident) (SBAR-1 that (S (NP-SBJ (NP chlorofluorocarbons) , (NP particularly CFC-11 and CFC-12)) (VP are (NP-PRD (NP the major culprits) (ADJP responsible (PP for (NP ozone depletion)))))))))) . '')) (TOP (S (NP-SBJ Mr. Melloan) (VP (VP quotes (NP Peter Teagan)) and (VP invokes (NP (NP the name) (PP of (NP Arthur D. Little Inc.)))) (S-PRP (NP-SBJ *) (VP to (VP support (NP his statement))))) .)) (TOP (S (ADVP However) , (PP unlike (NP (NP Messrs. Graedel and Crutzen) , (SBAR (WHNP-176 who) (S (NP-SBJ *T*-176) (VP are (ADVP both) (NP-PRD (NP pioneers) (PP-LOC in (NP (NP the study) (PP of (NP atmospheric chemistry)))))))))) , (NP-SBJ Mr. Teagan) (VP has (NP no special expertise) (PP-LOC in (NP the area))) .)) (TOP (S (NP-SBJ He) (VP is (NP-PRD (NP a mechanical engineer) , (NP not an atmospheric chemist))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP is (ADJP-PRD insulting and demeaning) (S-1 (NP-SBJ *) (VP to (VP say (SBAR (SBAR that (S (NP-SBJ scientists) `` (VP needed (NP new crises) (S-PRP (NP-SBJ *) (VP to (VP generate (NP new grants and contracts))))) '')) and (SBAR that (S (NP-SBJ-2 environmental groups) (VP need (NP them) (S-PRP (NP-SBJ *-2) (VP to (VP stay (PP-LOC-PRD in (NP business))))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Solving (NP (NP the global environmental problems) (SBAR (WHNP-1 0) (S (NP-SBJ we) all (VP face (NP *T*-1))))))) (VP will (VP require (NP (NP an unprecedented level) (PP of (NP (NP cooperation and communication) (PP-LOC among (NP (NP industry) , (NP policy makers) and (NP (NP the scientific community) (ADVP-LOC world-wide))))))))) .)) (TOP (X (NP (NP Karen Fine Coburn) (NP Publisher)) (NP (NP Global Environmental Change Report) (NP-LOC (NP Arlington) , (NP Mass))) .)) (TOP (S (PP-TMP (NP-ADV Nearly two months) after (S-NOM (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ it) (VP had (VP been (NP-PRD (NP the victim) (PP of (NP widespread fraud)))))))))) , (NP-SBJ-1 MiniScribe Corp.) (VP (VP disclosed (SBAR 0 (S (NP-SBJ it) (VP had (NP (NP a negative net worth) (PP of (NP (QP $ 88 million) *U*))) (PP-TMP as (PP of (NP July 2))))))) and (VP hinted (SBAR that (S (NP-SBJ-2 it) (VP might (VP be (VP forced (S (NP-SBJ *-2) (VP to (VP file (PP-CLR for (NP (NP protection) (PP-LOC under (NP bankruptcy laws)))))))))))))) .)) (TOP (S (NP-SBJ (NP Richard Rifenburgh) , (NP (NP (NP chairman) and (NP chief executive)) (PP of (NP the (NAC-LOC Longmont , Colo. ,) disk-drive maker))) ,) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP (VP continued (S (NP-SBJ *-1) (VP losing (NP money) (PP-TMP in (NP the third quarter))))) and (VP expects (S (NP-SBJ *-1) (VP to (VP sustain (NP further losses) (PP-TMP through (NP (NP the end) (PP of (NP the year)))))))))))) .)) (TOP (S (NP-SBJ Mr. Rifenburgh) (VP (VP told (NP industry analysts) (SBAR 0 (S (NP-SBJ he) (VP is (VP moving `` (ADVP-MNR aggressively) '' (S-ADV (NP-SBJ *) (VP to (VP negotiate (NP (NP out-of-court settlements) (PP on (NP (NP a number) (PP of (NP shareholder lawsuits))))))))))))) , but (VP noted (SBAR that (S (NP-SBJ the company) (VP could (VP file (PP-CLR for (NP bankruptcy-law protection)) (SBAR-ADV if (S (NP-SBJ settlement talks) (VP fail))))))))) .)) (TOP (S (NP-SBJ Mr. Rifenburgh) (ADVP also) (VP noted (SBAR that (S (NP-SBJ-1 (NP (QP 150 million) shares) (PP of (NP MiniScribe common stock))) (VP were (VP traded (NP *-1) (PP-TMP during (NP the past three years)) , `` (SBAR so (S (NP-SBJ there) (VP 's (NP-PRD (NP a tremendous amount) (PP of (NP exposure))))))))))) . '')) (TOP (S (NP-SBJ MiniScribe) (VP has (VP said (SBAR that (S (NP-SBJ-1 (NP its financial results) (PP-TMP for (NP the past three fiscal years))) (VP would (VP have (S (NP-SBJ-2 *-1) (VP to (VP be (VP restated (NP *-2) (PP-PRP because of (NP (NP the (ADJP allegedly fraudulent) accounting and marketing practices) (SBAR (WHNP-177 that) (S (NP-SBJ *T*-177) (VP inflated (NP (NP revenues) and (NP net income))))))))))))))))) .)) (TOP (S (NP-SBJ MiniScribe) (ADVP also) (VP has n't (VP filed (NP (NP any financial statements) (PP-TMP for (NP 1989))))) .)) (TOP (S (NP-SBJ Mr. Rifenburgh) (VP said (SBAR 0 (S (NP-SBJ such statements) (VP should (VP be (ADJP-PRD ready) (PP-TMP by (NP (NP the end) (PP of (NP November))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ the company) (VP to (VP have (NP (NP (QP $ 500 million) *U*) (PP in (NP sales))) (PP-TMP for (NP this year))))))))) .)) (TOP (S (NP-SBJ He) (VP did n't (VP say (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 the company) (VP expected (S (NP-SBJ *-1) (VP to (VP report (NP *T*-2) (PP-TMP for (NP (NP year-earlier sales) , (SBAR (WHNP-178 which) (S (NP-SBJ-3 *T*-178) (VP will (VP be (VP restated (NP *-3) (PP from (NP the (ADJP previously reported) (QP $ 603 million) *U*))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The release) (PP of (NP (NP MiniScribe 's) new balance sheet))) (VP came (SBAR-TMP (NP one day) after (S (NP-SBJ it) (VP introduced (NP (NP its new line) (PP of (NP one-inch disk drives)) , (SBAR (WHPP-1 on (WHNP which)) (S (NP-SBJ it) (VP is (VP pinning (NP (NP much) (PP of (NP (NP its hope) (PP for (NP survival))))) (PP-LOC *T*-1)))))))))) .)) (TOP (S (S (SBAR-ADV Although (S (NP-SBJ it) (VP is not (NP-PRD (NP the first company) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP produce (NP (NP the thinner drives) , (SBAR (WHNP-179 which) (S (NP-SBJ *T*-179) (VP store (NP information) (PP-LOC in (NP personal computers)))))))))))))) , (NP-SBJ MiniScribe) (VP says (SBAR 0 (S (NP-SBJ it) (VP is (NP-PRD (NP the first) (PP with (NP an 80-megabyte drive)))))))) ; (S (NP-SBJ-1 the company) (VP plans (S (NP-SBJ *-1) (VP to (VP introduce (NP a 120-megabyte drive) (NP-TMP next year)))))) .)) (TOP (S (NP-SBJ-1 Analysts and consultants) (VP had (NP (NP mixed reactions) (PP to (NP (NP yesterday 's) announcements))) , (S-ADV (NP-SBJ *-1) (VP (VP praising (NP (NP Mr. Rifenburgh 's) efforts)) but (VP questioning (SBAR whether (S (NP-SBJ the company) (VP can (VP survive (PP-LOC in (NP a highly competitive marketplace)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD a wait-and-see attitude))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Dave Vellante) , (NP (NP vice president) (PP of (NP storage research)) (PP for (NP International Data Corp)))) .)) (TOP (S (NP-SBJ Others) (VP pointed (PRT out) (SBAR (SBAR that (S (NP-SBJ (QP at least four) other disk-drive makers) (VP will (VP have (NP competitive one-inch drives) (NP-TMP early next year))))) and (SBAR that (S (NP-SBJ the industry) (ADVP-TMP already) (VP operates (PP-MNR on (NP (ADJP very thin) margins))))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP faces (NP (NP delisting) (PP by (NP (NP the National Association) (PP of (NP Securities Dealers)))))) .)) (TOP (S (NP-SBJ-1 The company) (VP continues (S (NP-SBJ *-1) (VP to (VP trade (PP-LOC in (NP the over-the-counter market)) (PP with (NP (NP an exception) (PP to (NP listing requirements)))))))) .)) (TOP (S (NP-SBJ MiniScribe) (VP (VP filed (NP (NP a status report) (VP *ICH*-1)) (PP-CLR with (NP the NASD)) (PP-TMP on (NP Monday)) , (VP-1 (VP detailing (NP its efforts (S (NP-SBJ *) (VP to (VP comply (PP-CLR with (NP listing requirements))))))) and (VP requesting (NP (NP an extension) (PP of (NP the exception)))))) , but (VP has n't (VP received (NP a response)))) .)) (TOP (S (NP-SBJ MiniScribe common) (VP (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 1.9375 *U*)) , (ADVP-CLR down (NP 6.25 cents))) , and (VP has (VP been (VP trading (PP-TMP for (NP several months)) (PP-LOC at (NP (NP (QP less than $ 3) *U*) (NP-ADV a share))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 (NP U.S. Attorney Jerry Rafferty) (PP-LOC in (NP Denver))) (VP is (VP reviewing (NP (NP the report) (VP prepared (NP *) (PP by (NP-LGS (NP MiniScribe 's) outside directors)))) , (S-PRP (NP-SBJ *-1) (VP to (VP determine (SBAR if (S (NP-SBJ-2 criminal charges) (VP should (VP be (VP brought (NP *-2) (PP-LOC-CLR before (NP a grand jury)))))))))))) .)) (TOP (S (NP-SBJ The MiniScribe report) (VP outlines (NP (NP a host) (PP of (NP (NP (ADJP allegedly fraudulent) practices) , (VP including (NP (NP (NP the shipment) (PP of (NP (NP (NP bricks) and (NP defective disk drives)) (SBAR (WHNP-180 that) (S (NP-SBJ-1 *T*-180) (VP were (VP booked (NP *-1) (PP-CLR as (NP sales))))))))) , and (NP (NP inventory forgeries) (PP-LOC in (NP accounting records))))))))) .)) (TOP (S (NP-SBJ The internal investigation) (ADVP also) (VP criticized (NP-1 (NP (NP MiniScribe 's) auditors) , (NP Coopers & Lybrand) ,) (PP-PRP for (S-NOM (NP-SBJ *-1) (ADVP allegedly) (VP ignoring (NP numerous red flags))))) .)) (TOP (S (NP-SBJ Mr. Rifenburgh) (VP said (SBAR 0 (S (NP-SBJ the board) (ADVP-TMP still) (VP has n't (VP acted (PP-CLR on (NP (NP most) (PP of (NP (NP the internal report 's) recommendations)))) , (S-ADV (NP-SBJ *) (VP pending (NP (NP restatement) (PP of (NP the balance sheet)))))))))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ-2 he) (VP expects (S (NP-SBJ *-2) (VP to (VP make (NP (NP a recommendation) (PP *ICH*-1)) (PP-TMP within (NP a few weeks)) (PP-1 on (SBAR whether (S (NP-SBJ MiniScribe) (VP should (VP file (NP (NP its own lawsuits) (PP against (NP former company officers and directors))))))))))))))) .)) (TOP (X-HLN (NP American Enterprise Institute scholar Norman Ornstein) (PP-LOC in (NP (NP the (NAC-TMP Oct. 21) TV Guide) (PP on `` (SBAR-TTL (WHNP-1 What) (S (NP-SBJ TV News) (VP (VP Does n't (VP Report (NP *T*-1) (PP-CLR About (NP Congress)))) -- and (VP Should (VP *?*))))) ''))) :)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP concentrating (NP all their resources) (PP-CLR on (NP (NP the pay raise) , (NP Wright) and (NP Tower)))))) , (NP-SBJ-1 the networks) (ADVP actually) (VP overlooked (NP (NP some major stories) (SBAR (WHNP-181 that) (S (NP-SBJ *T*-181) (VP showed (NP (NP the flaws and shortcomings) (PP of (NP the institution)))))))) ... .)) (TOP (S (NP-SBJ An imaginative producer) (VP could (ADVP-MNR easily) (VP have (VP created (NP (NP a (ADJP fast-moving and interesting) piece) (PP about (SBAR (SBAR (WHADVP-1 how) (S (NP-SBJ Congress) (ADVP really) (VP works (ADVP-MNR *T*-1)))) -- and (SBAR (WHADVP why) (S (NP-SBJ (NP voters) (PP-LOC in (PRN , (INTJ say) ,) (NP West Virginia))) (VP got (NP a (ADJP federally funded) (NX (NX university project) and (NX building))) (SBAR-TMP while (S (NP-SBJ (NP voters) (PP-LOC in (NP Arkansas))) (VP did not (VP *?*))))))))))))) .)) (TOP (S But (NP-SBJ nobody) (VP did (NP such a piece) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP a contemporary axiom) : (S (SBAR-ADV (X the more) (S (NP-SBJ a scandal) (VP has (S (NP-SBJ *) (VP to (VP do (PP-CLR with (NP (NP (NP a congressman 's) duties) (PP as (NP a congressman)))))))))) , (X the (ADJP less likely (S *ICH*-2))) (NP-SBJ-1 it) (VP is (ADJP-PRD *?*) (S-2 (NP-SBJ *-1) (VP to (VP catch (NP (NP the fancy) (PP of (NP a network)))))))))))) .)) (TOP (X-HLN (NP Ethicist Michael Josephson) , (PP-LOC in (NP (NP one) (PP of (NP (NP (NP his institute 's) recent publications) (PP on `` (X-TTL (NP Journalism) : (PP-TMP In (NP the Year 2000))) ''))))) :)) (TOP (S (NP-SBJ (NP The operative definition) (PP of (NP newsworthiness))) (VP will (VP favor (NP (NP (ADJP virtually unrestrained) use) (PP of (NP (ADJP personal , sensitive and intimate) facts))))) .)) (TOP (S (NP-SBJ-2 (NP (NP Traditional standards) (PP of (NP relevancy and importance))) (PRN -LRB- `` (SQ is (NP-SBJ this) (NP-PRD (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ-5 the public) (VP ought (S (NP-SBJ *-5) (VP to (VP know (NP *T*-1))))))))) '' -RRB-)) (VP will (VP be (VP replaced (NP *-2) (PP by (NP-LGS (NP a (ADJP much broader) test) (PRN -LRB- `` (SQ is (NP-SBJ this) (NP-PRD (NP something) (SBAR (WHNP-3 0) (S (NP-SBJ-4 the public) (VP is (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *-4) (VP knowing (NP *T*-3)))))))))) '' -RRB-)))))) .)) (TOP (S And , (SBAR-PRP since (S (NP-SBJ-1 the public) (VP has (ADVP-TMP always) (VP been (VP fascinated (NP *-1) (PP by (NP-LGS gossip and voyeurism))))))) , (NP-SBJ-2 reporters and editors) (VP will (VP strain (PP-CLR for (NP creative angles)) (S-PRP (NP-SBJ *-2) (VP to (VP justify (NP (NP the inclusion) (PP of (NP (NP collateral facts) (PP about (NP private lives)) (PP including (NP (NP (NP sexual activities) and (NP domestic relationships)) , (NP (NP activities) (PP of (NP family members))) , and (NP (NP all matters) (PP about (NP (ADJP mental and physical) health))))))))))))) .)) (TOP (S (ADVP Similarly) , (NP-SBJ visual images) (VP will (VP be (ADJP-PRD more vivid , sensational and , (ADVP-TMP sometimes) , gruesome))) .)) (TOP (S (NP-SBJ (NP One consequence) (PP of (NP (NP the trend) (PP-DIR toward (NP (NP tabloid standards) (PP of (NP taste))))))) (VP will (VP be (NP-PRD (NP fierce attacks) (PP-DIR from (NP (NP politicians) (SBAR (WHNP-182 who) (S (NP-SBJ *T*-182) (VP will (VP find (NP (NP sufficient evidence) (PP of (NP abuse)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP arouse (S (NP-SBJ an (ADJP already cynical) public) (VP to (VP control (NP the press)))))))))))))))))) .)) (TOP (S (NP-SBJ Bankers Trust New York Corp.) (VP won (NP (NP permission (S *ICH*-1)) (PP from (NP the Federal Reserve Board)) (S-1 (NP-SBJ *) (VP to (VP move (NP (NP the company 's) private placement department) (PP-DIR to (NP its fledgling securities subsidiary))))))) .)) (TOP (S (NP-SBJ (NP The (ADJP seemingly mundane) action) , (SBAR (WHNP-183 which) (S (NP-SBJ-1 *T*-183) (VP was (VP opposed (NP *-1) (PP by (NP-LGS (NP the Securities Industry Association) , (NP a trade group) ,))))))) (VP has (NP (NP important implications) (PP for (NP (NP (NP banks ') recent entry) (PP into (NP (NP the underwriting) (PP of (NP corporate securities)))))))) .)) (TOP (S (NP-SBJ (NP The Fed 's) action) (VP increases (NP (NP the volume) (PP of (NP (NP (ADJP publicly registered) securities) (SBAR (WHNP-1 that) (S (NP-SBJ (NP banks ') securities affiliates) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *) (VP to (VP underwrite (NP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ Several other banks) (VP have (NP (NP similar applications) (ADJP pending))) .)) (TOP (S (PP-TMP Over (NP the past two years)) , (NP-SBJ the Fed) (VP has (VP given (NP (NP a handful) (PP of (NP (NP banks ') securities affiliates))) (NP permission (S (NP-SBJ *) (VP to (VP (VP underwrite (NP *RNR*-1)) and (VP deal (PP-CLR in (NP *RNR*-1))) (NP-1 (NP a variety) (PP of (NP (NP (ADJP corporate , asset-backed and municipal) securities) (SBAR (WHNP-184 that) (S (NP-SBJ *T*-184) (VP had (ADVP-TMP previously) (VP been (NP-PRD (NP the sole domain) (PP of (NP securities firms)))))))))))))))) .)) (TOP (S (NP-SBJ-1 Securities firms) (VP have (VP challenged (NP those Fed approvals) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ they) (VP violate (NP (NP federal laws) (VP separating (NP the banking and securities businesses)))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ the Fed) (VP limited (NP (NP the revenue) (SBAR (WHNP-185 that) (S (NP-SBJ banks) (VP could (VP earn (NP *T*-185) (PP-CLR from (NP these new underwriting activities))))))) (PP-CLR to (NP (NP (QP no more than 10) %) (PP of (NP (NP the revenue) (VP earned (NP *) (PP-CLR from (NP (NP other securities activities) (ADJP long open (PP to (NP banks))) , (PP such as (S-NOM (NP-SBJ *) (VP dealing (PP-CLR in (NP U.S. Treasurys))))))))))))) .)) (TOP (S (PP For (NP some banks)) (NP-SBJ that (ADJP 10 %) ceiling) (VP created (NP problems)) .)) (TOP (S But , (PP-MNR by (S-NOM (NP-SBJ *-1) (VP allowing (S (NP-SBJ BT Securities Inc.) (VP to (VP handle (NP private placements))))))) , (NP-SBJ-1 the Fed) (VP boosted (NP (NP the volume) (PP of (NP (NP new types) (PP of (NP (NP underwriting) (SBAR (WHNP-186 that) (S (NP-SBJ the unit) (VP can (VP do (NP *T*-186))))))))))) .)) (TOP (S (NP-SBJ Private placements) (VP involve (NP (NP debt) and (NP equity securities)) , (PP-LOC (ADVP typically) in (NP (NP denominations) (PP of (NP (QP $ 1 million) *U*)) , (SBAR (WHNP-187 that) (S (NP-SBJ-1 *T*-187) (VP (VP are (VP sold (NP *-1) (PP-DTV to (NP institutional investors)))) and (VP are n't (VP registered (NP *-1) (PP-CLR with (NP the Securities and Exchange Commission)))))))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ Bankers Trust) (VP said (SBAR 0 (S (NP-SBJ it) (VP placed (NP (NP (QP $ 10 billion) *U*) (PP of (NP corporate debt and equities))) (ADVP-MNR privately))))) .)) (TOP (S (NP-SBJ (NP Companies) (VP listed (NP *) (ADVP-LOC below))) (VP reported (NP (NP quarterly profit) (ADJP substantially different (PP from (NP (NP the average) (PP of (NP (NP analysts ') estimates))))))) .)) (TOP (S (NP-SBJ-1 The companies) (VP (VP are (VP followed (NP *-1) (PP by (NP-LGS (QP at least three) analysts)))) , and (VP had (NP (NP a minimum five-cent change) (PP-LOC in (NP (NP actual earnings) (PP per (NP share))))))) .)) (TOP (S (NP-SBJ-1 (NP (ADJP Estimated and actual) results) (VP involving (NP losses))) (VP are (VP omitted (NP *-1))) .)) (TOP (S (NP-SBJ The percent difference) (VP compares (NP actual profit) (PP-CLR with (NP (NP the 30-day estimate) (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ (QP at least three) analysts) (VP have (NP issues forecasts) (PP-TMP in (NP the past 30 days)) (ADVP-LOC *T*-1))))))) .)) (TOP (S (ADVP Otherwise) , (NP-SBJ-1 actual profit) (VP is (VP compared (NP *-1) (PP-CLR with (NP the 300-day estimate)))) .)) (TOP (S (NP-SBJ-1 Bonnie J. Stedt) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP an executive vice president) (PP of (NP (NP the American Express Travel Related Services Co. unit) (PP of (NP this (ADJP travel and financial) services firm)))))))) .)) (TOP (S (NP-SBJ She) (VP retains (NP (NP her duties) (PP of (NP human-resources director)))) .)) (TOP (S (NP-SBJ-1 (NP Joe F. Lynch) , (NP (NP the 56-year-old (NX (NX chairman) and (NX chief executive officer))) (PP of (NP First Continental Real Estate Investment Trust))) ,) (VP was (VP named (NP *-1) (PP-CLR to (NP (NP the new post) (PP of (NP (NP vice chairman) (PP of (NP this bank holding company)))))))) .)) (TOP (S (NP-TMP Every workday) (PP-TMP at (NP 11 a.m.)) , (NP-SBJ 40-year-old Mike Sinyard) (VP (VP dons (NP cycling clothes)) , (VP hops (PP-LOC-CLR on (NP (NP a bike) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP keeps (NP *T*-1) (PP-LOC-CLR at (NP his (NAC-LOC Morgan Hill , Calif. ,) office)))))))) and (VP sets (PRT out) (S-PRP (NP-SBJ *) (VP to (VP cover (NP (NP a distance) (SBAR (WHNP-2 0) (S (NP-SBJ most people) (VP would (VP travel (NP *T*-2) (PP-MNR (ADVP only) by (NP car)))))))))))) .)) (TOP (S (NP-SBJ (NP (QP As many as 50)) (PP of (NP (NP his employees) (PP-LOC at (NP Specialized Bicycle Components Inc.))))) (VP ride (PP with (NP him))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ they) (VP return (PP-CLR to (NP their desks)) (PP-TMP at (NP 1 p.m.)) (ADVP-TMP *T*-1)))) , (NP-SBJ they) (VP have (VP pedaled (NP-ADV 20 miles))) .)) (TOP (S (NP-SBJ (NP Such fervor) (PP for (NP cycling))) (VP helped (S (NP-SBJ Mr. Sinyard) (VP build (NP (NP a creative company) (PP-LOC at (NP (NP the forefront) (PP of (NP its industry)))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Founded (NP *-1) (PP by (NP-LGS (NP bike enthusiasts) (PP rather than (NP businessmen)))))) , (NP-SBJ-2 Specialized) (VP (VP spotted (NP (NP the appeal) (PP of (NP (NP fat-tired bikes) (SBAR (WHNP-188 that) (S (NP-SBJ *T*-188) (VP go (ADVP-DIR almost anywhere)))))))) and (VP began (S (NP-SBJ *-2) (VP mass-producing (NP them))) (PP-TMP in (NP 1981)))) .)) (TOP (S (PP-TMP In (NP the past five years)) , (NP-SBJ (NP the company 's) sales) (VP have (VP grown (PP-DIR to (NP (QP $ 80 million) *U*)) (PP-DIR from (NP (QP $ 26 million) *U*)))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ so-called mountain bikes) (VP account (PP-CLR for (NP (NP two-thirds) (PP of (NP (NP the (QP $ 2 billion) *U*) (VP spent (NP *) (ADVP-TMP annually) (PP-CLR on (NP all bicycles)) (PP-LOC in (NP the U.S)))))))) .)) (TOP (S (PP With (S-NOM (NP-SBJ (NP 65 %) (PP of (NP its sales))) (VP coming (PP-DIR from (NP mountain bikes))))) , (NP-SBJ-1 Specialized) (VP is (ADVP widely) (VP considered (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a market leader)))))) .)) (TOP (S -LRB- (NP-SBJ (NP Accessories) (PRN , (PP (ADVP largely) for (NP mountain-bike users)) ,)) (VP account (PP-CLR for (NP (NP much) (PP of (NP (NP the rest) (PP of (NP sales))))))) . -RRB-)) (TOP (S But (NP-TMP today) , (NP-SBJ the company) (VP needs (NP its entrepreneurial spirit) (ADVP more than ever)) .)) (TOP (S (NP-SBJ-3 (NP One large competitor) (PP after (NP another))) (VP is (VP leaping (PP-DIR into (NP (NP the booming market) (SBAR (WHNP-1 0) (S (NP-SBJ-2 Specialized) (VP helped (S (NP-SBJ *-2) (VP create (NP *T*-1)))))))) , (S-ADV (NP-SBJ *-3) (VP turning (PRT out) (NP (NP mountain bikes) (PP with (NP (NP (ADJP such well-known) names) (PP as (NP Schwinn , Peugeot , Raleigh and Nishiki))))))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ-1 (NP Mr. Sinyard 's) company) (VP must (VP innovate (ADVP more than ever) (S-PRP (NP-SBJ *-1) (VP to (VP stay (ADVP-PRD ahead (PP of (NP them)))))) , (PP-MNR by (S-NOM (NP-SBJ *-1) (VP developing (NP (NP new products) (PP (ADVP specifically) for (NP mountain biking)))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (ADVP though) , (NP-SBJ-1 it) (VP must (VP become (ADJP-PRD more structured) (S-PRP (NP-SBJ *-1) (VP to (VP (ADVP-MNR better) manage (NP its growth)))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Accomplishing (NP both))) (VP will (VP be (NP-PRD (NP a balancing act) (ADJP as challenging (PP as (S-NOM (NP-SBJ *) (VP riding (NP a unicycle)))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP a problem) (ADJP common (PP to (NP (NP small companies) (SBAR (WHNP-189 that) (S (NP-SBJ *T*-189) (VP have (VP grown (ADVP fast))))))))) -- (SBAR-TMP (WHADVP-1 especially when) (S (NP-SBJ their success) (VP attracts (NP big-time competitors) (ADVP-TMP *T*-1))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The big word) (PP around (NP Specialized)) (VP is (NP-PRD passion))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Erik Eidsmo) , (NP (NP a former ski-industry executive) (SBAR (WHNP-190 whom) (S (NP-SBJ Mr. Sinyard) (VP recruited (NP-2 *T*-190) (PP-CLR from (NP Citicorp)) (S-PRP (NP-SBJ *-2) (VP to (VP run (NP marketing and sales))))))))) .)) (TOP (S `` (SBAR-NOM-SBJ (WHNP-2 What) (S (NP-SBJ-1 I) (VP hope (S (NP-SBJ *-1) (VP to (VP bring (NP *T*-2) (PP-DIR to (NP this)))))))) (VP is (NP-PRD (NP another word) : (NP process))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD my challenge)) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP Mike 's) challenge) (ADVP as well)) . '')) (TOP (S (NP-SBJ Mr. Eidsmo) (VP is (NP-PRD (NP one) (PP of (NP (NP several key people) (PP from (PP-LOC outside (NP the cycling industry))) (SBAR (WHNP-191 who) (S (NP-SBJ-1 *T*-191) (VP were (VP hired (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP bring (NP the free-wheeling , fast-growing company) (PP-CLR under (NP tighter control))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP had (NP (NP a lot) (PP of (NP problems))))) , '' (NP-SBJ Mr. Sinyard) (VP says (S *T*-1)) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ (NP the company 's) sales) (VP were (VP soaring)))) , `` (NP-SBJ We) (ADVP-TMP still) (VP had (NP (NP a system) (SBAR (WHNP-192 that) (S (NP-SBJ *T*-192) (VP was (ADVP probably) (ADJP-PRD appropriate (PP for (NP (NP (QP $ 10 million to $ 20 million) *U*) (PP in (NP sales)))))))))) . '')) (TOP (SINV (VP Adds (S *T*-1)) (NP-SBJ Mr. Eidsmo) , `` (S-1 (SBAR-NOM-SBJ (WHNP-193 What) (S (NP-SBJ *T*-193) (VP felt (ADJP-PRD good) (NP-TMP that day)))) (VP was (VP done (NP-TMP that day)))) . '')) (TOP (S (PP-TMP Since (NP (NP his arrival) (PP-TMP in (NP May)))) , (NP-SBJ-1 Mr. Eidsmo) (VP has (VP put (PP-PUT in (NP place)) (NP (NP techniques) (VP learned (NP *) (SBAR-TMP while (S (NP-SBJ *-1) (VP working (PP-CLR for (NP Citicorp)))))) , (PP such as (NP (NP management-by-objective) , (NP detailed project plans) and (NP (NP forecasts) (PP of (NP (NP company sales) and (NP product trends))))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ We) (VP 're (ADVP-TMP finally) (VP getting (PRN -- and (S (NP-SBJ it) (VP 's (VP been (ADJP-PRD very painful)))) --) (NP (NP some understanding) (PP of (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 (NP the company 's) long-term horizon) (VP should (VP begin (S (NP-SBJ *-1) (VP to (VP look (PP-CLR like (NP *T*-2)))))))))))))) , '' (NP-SBJ Mr. Eidsmo) (VP says (S *T*-3)) .)) (TOP (S `` (S-TPC-1 But (NP-SBJ it) (VP 's (ADJP-PRD risky))) , '' (NP-SBJ he) (VP says (S *T*-1) (PP-CLR of (NP (NP Specialized 's) attempt (S (NP-SBJ *) (VP to (VP adopt (NP a corporate structure))))))) .)) (TOP (S `` (NP-SBJ-1 You) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP lose (NP (NP the magic) '' (PP of (NP (NP the company 's) creative drive)))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Hoping (S (NP-SBJ *-1) (VP to (VP stay (ADVP-LOC-PRD ahead (PP of (NP the pack)))))))) , (NP-SBJ-2 the company) (VP is (VP emphasizing (NP innovation))) .)) (TOP (S (PP-LOC At (NP a recent trade show)) , (NP-SBJ-1 convention-goers) (VP lined (PRT up) (S-PRP (NP-SBJ *-1) (VP to (VP view (NP (NP a new Specialized bike frame) (SBAR (WHNP-194 that) (S (NP-SBJ *T*-194) (VP weighs (NP (NP just 2.7 pounds) -- (ADJP (NP-ADV a pound) less (SBAR than (S (NP-SBJ (NP the lightest mountain-bike frame) (PP-LOC on (NP the market))) (VP *?*))))))))))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP replacing (NP (NP the frame 's) steel lugs) (PP-CLR with (NP titanium ones))))) , (NP-SBJ-1 (NP Mr. Sinyard 's) company) (VP plans (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ (NP its next generation) (PP of (NP frames))) (ADJP-PRD even lighter)))))) .)) (TOP (S (PP-LOC At (NP the trade show)) , (NP-SBJ Specialized) (ADVP also) (VP unveiled (NP (NP a revolutionary three-spoked bike wheel) (VP developed (NP *) (ADVP-MNR jointly) (PP by (NP-LGS (NP Specialized) and (NP Du Pont Co)))))) .)) (TOP (S (S-TPC-3 (S-ADV (NP-SBJ-1 *-2) (VP Made (NP *-1) (PP-CLR of (NP space-age materials)))) , (NP-SBJ-2 the wheel spokes) (VP are (VP designed (PP-CLR like (NP airplane wings)) (S-CLR (NP-SBJ *-2) (VP to (VP shave (NP 10 minutes) (PP-LOC-CLR off (NP (NP the time) (PP of (NP a rider)))) (PP-LOC in (NP a 100-mile race)))))))) , (NP-SBJ the company) (VP claims (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ It) (ADVP-TMP currently) (VP costs (NP $ 750 *U*) , (SBAR-ADV though (S (NP-SBJ Mr. Sinyard) (VP thinks (SBAR 0 (S (NP-SBJ-1 the price) (VP can (VP be (VP reduced (NP *-1) (PP-TMP within (NP three years)) (PP-DIR to (NP (QP between $ 200 and $ 250) *U*))))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP was (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP slash (NP (NP the price) (PP of (NP (NP the company 's) (ADJP least expensive) mountain bike))) (PP-DIR to (NP $ 279 *U*)) (PP-DIR from (NP $ 750 *U*)) (X in)))))))) (TOP (S But (NP-SBJ-1 (NP demands) (PP on (NP (NP the company 's) creativity))) (VP are (ADJP-PRD certain (S (NP-SBJ *-1) (VP to (VP grow))))) .)) (TOP (S (NP-SBJ Competition) (VP is (VP intensifying (SBAR-TMP as (S (NP-SBJ larger companies) (VP invade (NP (NP a mountain-bike market) (SBAR (WHNP-1 0) (S (NP-SBJ (NP Mr. Sinyard 's) company) (ADVP-TMP once) (VP had (NP *T*-1) (ADVP virtually) (NP (NP all) (PP to (NP itself)))))))))))) .)) (TOP (S (NP-SBJ U.S. Cycling Federation official Philip Milburn) (VP says (SBAR 0 (S (NP-SBJ mountain biking) (VP is `` (VP growing (PP-MNR at (NP (NP such a monstrous rate) (SBAR that (S (NP-SBJ (NP a lot) (PP of (NP companies))) (VP are (VP getting (PP-CLR into (NP this))))))))))))) . '')) (TOP (S (NP-SBJ (NP One (ADJP especially coveted) Specialized market) (SBAR (WHNP-1 0) (S (NP-SBJ the new players) (VP are (VP targeting (NP *T*-1)))))) (VP is (NP-PRD (NP mountain-bike accessories) , (SBAR (WHNP-2 which) (S (NP-SBJ Mr. Eidsmo) (VP calls (S (NP-SBJ *T*-2) `` (NP-PRD (NP the future) (PP of (NP our business))))))))) . '')) (TOP (S (S (NP-SBJ Accessories) (CONJP not only) (VP sell (ADVP-MNR (ADVP faster) (PP than (NP whole bikes))))) , (S (NP-SBJ they) (ADVP also) (VP offer (NP (NP profit margins) (ADVP nearly double (NP (NP the (QP 25 % to 30 % or so) *U*) (PP on (NP (NP sales) (PP of (NP complete cycles))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP get (NP (NP a piece) (PP of (NP the business)))))) , (NP-SBJ-1 (NP Nike Inc.) , (NP-LOC (NP Beaverton) , (NP Ore.) ,)) (VP introduced (NP (NP a line) (PP of (NP mountain-bike shoes)))) .)) (TOP (S (ADVP-TMP (NP About a month) ago) , (NP-SBJ-1 (NP Michelin Tire Corp.) , (NP-LOC (NP Greenville) , (NP S.C.) ,)) (VP began (S (NP-SBJ *-1) (VP selling (NP (NP mountain-bike tires) , (RRC (PP-TMP for (NP years)) (NP a Specialized stronghold)))))) .)) (TOP (S (NP-SBJ (NP Competition) (PP-LOC in (NP (NP the sale) (PP of (NP complete bikes))))) (VP is (VP heating (PRT up) (ADVP too))) .)) (TOP (S (NP-SBJ (NP Trek Bicycle Corp.) , (SBAR (WHNP-195 which) (S (NP-SBJ *T*-195) (VP accounts (PP-CLR for (NP (NP one-quarter) (PP of (NP (NP the (QP $ 400 million) *U*) (PP in (NP-LOC (NP annual sales) (PP at (NP (NP its Milwaukee-based parent) , (NP Intrepid Corp.) ,)))))))))))) (VP entered (NP the mountain-bike business) (PP-TMP in (NP 1983))) .)) (TOP (S (S (NP-SBJ Trek) (ADVP-TMP previously) (VP made (NP only traditional road bikes))) , but (SINV `` (S-TPC-1 (NP-SBJ (NP it) (S *EXP*-2)) (VP did n't (VP take (NP a rocket scientist) (S-2 (NP-SBJ *) (VP to (VP change (NP a road bike) (PP-CLR into (NP a mountain bike)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP (NP Trek 's) president) , (NP Dick Burke))) .)) (TOP (S (NP-SBJ The segment) (ADVP-TMP now) (VP makes (PRT up) (NP (NP (QP roughly two-thirds)) (PP of (NP (NP his company 's) total sales)))) .)) (TOP (S (PP-LOC At (NP (NP Giant Bicycle Inc.) , (NP-LOC (NP Rancho Dominguez) , (NP Calif.) ,))) (NP-SBJ sales) (VP have (VP tripled (SBAR-TMP since (S (NP-SBJ the company) (VP entered (NP the U.S. mountain-bike business) (PP-TMP in (NP 1987))))))) .)) (TOP (S (NP-TPC-1 (NP A subsidiary) (PP of (NP (NP a Taiwanese holding company) (PP with (NP (NP world-wide sales) (PP of (NP (QP $ 150 million) *U*))))))) , (NP-SBJ (NP Giant) (NP *T*-1)) (VP is (NP-PRD (NP one example) (PP of (NP (NP the sudden globalization) (PP of (NP (NP Mr. Sinyard 's) once-cozy market niche)))))) .)) (TOP (S (NP-SBJ-1 (NP Schwinn Bicycle Co.) , (NP-LOC Chicago) ,) (VP established (NP (NP joint ventures) (PP with (NP (NP bike companies) (PP-LOC in (NP (NP mainland China) and (NP Hungary)))))) (S-PRP (NP-SBJ *-1) (VP to (VP sell (NP bikes))))) .)) (TOP (S (PP-TMP In (NP the past year)) , (NP-SBJ (NP Derby International Corp.) , (NP-LOC Luxembourg) ,) (VP has (VP acquired (NP (NP (ADJP such major) brands) (PP as (NP Peugeot , Raleigh and Nishiki))))) .)) (TOP (S (PP In (NP (NP response) (PP to (NP (NP the internationalization) (PP of (NP the business)))))) , (NP-SBJ (NP Mr. Sinyard 's) company) (VP is (VP replacing (NP independent distributors overseas) (PP-CLR with (NP (ADJP wholly owned) subsidiaries)))) .)) (TOP (S (NP-SBJ The move) (VP will (VP (VP cut (PRT out) (NP (NP the cost) (PP of (NP a middleman)))) and (VP give (NP Specialized) (NP (NP more control) (PP over (NP marketing and sales)))))) .)) (TOP (S-1 But (PRN (SBAR as (S (NP-SBJ (NP Bill Austin) , (NP (NP Giant 's) president) ,) (VP puts (NP it) (S *T*-1)))) ,) `` (PP With (S-NOM (NP-SBJ (NP some) (PP of (NP the bigger players))) (VP consolidating (NP their strength)))) , (NP-SBJ the game) (VP has (VP changed)) .)) (TOP (S (NP-SBJ-1 (NP Carl E. Pfeiffer) , (NP chief executive officer) ,) (VP was (VP named (NP *-1) (PP-CLR to (NP (NP the additional post) (PP of (NP (NP chairman) (PP of (NP this specialty-metals manufacturing concern)))))))) .)) (TOP (S (NP-SBJ (NP Robert C. Snyder) , (NP (NP (NP a director) and (NP chief operating officer)) (PP of (NP the company))) ,) (VP succeeds (NP Mr. Pfeiffer) (PP-CLR as (NP president))) .)) (TOP (S (NP-SBJ-1 (NP Roger M. Marino) , (NP president) ,) (VP was (VP named (NP *-1) (PP-CLR to (NP (NP the new post) (PP of (NP vice chairman)))))) .)) (TOP (S (NP-SBJ-1 (NP Michael Ruettgers) , (SBAR (WHNP-196 who) (S (NP-SBJ *T*-196) (VP had (VP been (NP-PRD (NP executive vice president) , (NP operations) ,)))))) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP president) and (NP chief operating officer))))) .)) (TOP (S (NP-SBJ EMC) (VP manufactures (NP (NP data-storage systems) (PP for (NP (NP mainframes) and (NP minicomputers))))) .)) (TOP (S (NP-SBJ-1 Richard J. Riordan) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP this single-family home builder)))) , (S-ADV (NP-SBJ *) (VP increasing (NP the board) (PP-CLR to (NP nine)))))) .)) (TOP (S (NP-SBJ He) (VP (VP is (NP-PRD (NP a senior partner) (PP with (NP (NP the law firm) (PP of (NP Riordan & McKinzie)))))) and (VP is (NP-PRD (NP a partner) (PP-LOC in (NP Riordan Venture Management))))) .)) (TOP (S (NP-SBJ-1 (NP John Franco) , (ADJP 47 years old) , (NP (ADVP-TMP formerly) (NP (NP vice chairman) (PP of (NP Capital Holding Corp.))) and (NP (NP president) (PP of (NP its Accumulation Investment Group)))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP chief executive officer) (PP of (NP this insurance holding company)))) , (ADJP effective (NP-TMP Dec. 1)) , (S-ADV (NP-SBJ *-1) (VP succeeding (NP (NP Robert T. Shaw) , (SBAR (WHNP-197 who) (S (NP-SBJ *T*-197) (VP remains (NP-PRD chairman))))))))) .)) (TOP (S (NP-SBJ-1 I.C.H.) (ADVP also) (VP named (NP-3 (NP Steven B. Bing) , (NP 42) , (NP (NP senior vice president) (PP-TMP since (NP 1986))) ,) (PP-CLR as (NP president)) , (S-ADV (NP-SBJ *-3) (VP succeeding (NP (NP John W. Gardiner) , (SBAR (WHNP-198 who) (S (NP-SBJ *T*-198) (VP will (VP join (NP (NP the HMS Acquisition Corp. division) (PP of (NP (NP Hicks , Muse & Co.) , (SBAR (WHNP-199 which) (S (NP-SBJ-2 *T*-199) (VP has (VP agreed (S (NP-SBJ *-2) (VP to (VP buy (NP (NP most) (PP of (NP (NP I.C.H. 's) Denver-based subsidiaries))))))))))))))))))))) .)) (TOP (S (NP-SBJ MCI Communications Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP won (NP a (ADJP (QP $ 27 million) *U*) contract (S *ICH*-1)) (PP-CLR from (NP (NP Stuart-James Co.) , (NP a Denver investment banking concern) ,)) (S-1 (NP-SBJ *) (VP to (VP provide (NP voice and data telecommunications services)))))))) .)) (TOP (S (NP-SBJ The agreement) (VP calls (SBAR-CLR for (S (NP-SBJ MCI) (VP to (VP provide (NP (NP data service) , (NP 800) and (NP (NP Vnet service) , (NP a (ADJP virtual private) network service)))))))) .)) (TOP (S (NP-SBJ-1 The companies) (VP would n't (VP disclose (NP (NP the length) (PP of (NP the contract))) (SBAR except (S-PRP (NP-SBJ *-1) (VP to (VP say (SBAR 0 (S (NP-SBJ it) (VP was (NP-PRD a multiyear agreement)))))))))) .)) (TOP (S (NP-SBJ (NP The head) (PP of (NP British Satellite Broadcasting Ltd.))) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP hopes (S (NP-SBJ *-1) (VP to (VP raise (NP (NP (QP about # 450 million) *U*) (PRN -LRB- (NP (QP $ 711 million) *U*) -RRB-)) (SBAR-TMP before (S (NP-SBJ the satellite-TV venture) (VP makes (NP its delayed debut) (NP-TMP next spring)))) -- (PP with (S-NOM (NP-SBJ a major chunk) (VP coming (PP-DIR from (NP new investors)))))))))))) .)) (TOP (S `` (NP-SBJ We) (VP 'll (VP raise (NP it) (PP-MNR through (NP bank loans)))) .)) (TOP (S (NP-SBJ We) (VP 'll (VP raise (NP it) (PP-MNR through (NP (PRN -LCB- new -RCB-) equity)))) .)) (TOP (SINV (S-TPC-1 And (NP-SBJ we) (VP 'll (VP raise (NP it) (PP-MNR (PP through (NP existing shareholders)) '' (CONJP as well as) (PP through (NP junk bonds)))))) , (VP said (S *T*-1)) (NP-SBJ (NP Anthony Simonds-Gooding) , (NP (NP the private consortium 's) chief executive)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ (NP the bank loan) , (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP be (VP arranged (NP *-2) (PP-TMP by (NP February))))))) ,) (VP will (VP supply (NP (NP (QP about half)) (PP of (NP the financing))))))))))) .)) (TOP (S (NP-SBJ-1 (NP British Satellite) , (SBAR (WHNP-200 which) (S (ADVP-TMP already) (NP-SBJ *T*-200) (VP has (VP raised (NP (QP # 423.5 million) *U*) (PP from (NP 10 backers)))))) ,) (VP (ADVP-TMP initially) expected (S (NP-SBJ *-1) (VP to (VP seek (NP an additional (QP # 400 million) *U*))))) .)) (TOP (S (NP-SBJ Mr. Simonds-Gooding) (VP said (SBAR 0 (S (NP-SBJ the additional financing) (VP may (VP leave (S (NP-SBJ-1 British Satellite) (VP owned (NP *-1) (PP by (NP-LGS (NP (QP about 20) investors) , (PP including (NP (NP Australian entrepreneur Alan Bond) , (SBAR (WHNP-201 whose (ADJP (QP nearly 36) %) stake) (S (NP-SBJ-2 *T*-201) (VP would (VP be (VP reduced (NP *-2) (PP-CLR to (NP (QP as little as 20) %)))))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Bond Corp.) , (NP (NP British Satellite 's) biggest investor) ,) (VP would (VP like (S (NP-SBJ *-1) (VP to (VP withdraw (PP-DIR from (NP the satellite-TV consortium)))))))) , and (S (NP-SBJ analysts) (VP have (VP speculated (SBAR 0 (S (NP-SBJ Hollywood studios) (VP might (VP buy (NP the Bond stake)))))))) .)) (TOP (S But (NP-SBJ Mr. Simonds-Gooding) (VP said (SBAR 0 (S (NP-SBJ he) (VP is n't (VP talking (PP-CLR to (NP any studios)) (PP-CLR about (NP investing))))))) .)) (TOP (S (PP Besides (NP Bond Corp.)) , (NP-SBJ (NP British Satellite 's) other backers) (VP include (NP (NP Pearson PLC) , (NP Reed International PLC) and (NP Granada Group PLC))) .)) (TOP (S (NP-SBJ The consortium) (VP faced (NP a setback) (PP-TMP in (NP May)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ technical problems) (VP forced (S (NP-SBJ it) (VP to (VP postpone (NP the September launch) (PP-TMP until (NP next spring))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ (NP Continued uncertainty) (PP about (NP (NP the timing) (PP of (NP (NP the consortium 's) debut))))) (VP could (VP make (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP find (NP a (ADJP (QP # 450 million) *U*) cash injection))))))) .)) (TOP (S (NP-SBJ Mr. Simonds-Gooding) (VP conceded (SBAR that (S (NP-SBJ (NP British Satellite 's) potential U.K. lenders) `` (VP are (VP saying , ` (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ you) (VP 're (PP-LOC-PRD on (NP the air)) (ADVP-TMP *T*-1)))) , (NP-SBJ you) (VP 'll (PRN -LCB- (ADVP actually) -RCB-) (VP get (NP the money))))))))) . ' '')) (TOP (S (NP-SBJ The bankers) (ADVP also) (VP insist (SBAR that (S (NP-SBJ the loans) (VP depend (PP-CLR on (S-NOM (NP-SBJ the consortium) (VP raising (NP more money) (PP from (NP (ADJP new and existing) backers))))))))) .)) (TOP (S (NP-SBJ British Satellite) (NP-TMP today) (VP is (VP unveiling (NP (NP a (UCP (ADJP (QP # 30 million) *U*) advertising and promotional) drive) (PP for (NP (NP (NP the consortium 's) planned five channels) (PP of (NP (NP movies) , (NP sports) , (NP entertainment) and (NP news shows)))))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP the drive)))) , (NP-SBJ (NP the first 50,000 viewers) (SBAR (WHNP-202 who) (S (NP-SBJ *T*-202) (VP put (PRT up) (NP (NP # 10 *U*) (NP-ADV each)))))) (VP will (VP get (NP (NP a package) (VP valued (NP *) (PP-CLR at (NP # 170 *U*))) -- (PP including (NP (NP a satellite receiving dish) , (NP equipment installation) and (NP (NP a three-month subscription) (PP to (NP its pay-movie service)))))))) .)) (TOP (S (NP-SBJ British Satellite) (VP faces (NP (NP competition) (PP-DIR from (NP (NP Sky Television) , (NP (NP a satellite-TV venture) (VP (VP begun (NP *) (NP-TMP last February)) and (VP owned (NP *) (PP by (NP-LGS (NP Rupert Murdoch 's) News Corp))))))))) .)) (TOP (S (NP-SBJ-1 The rivals) (ADVP-TMP currently) (VP are (VP locked (NP *-1) (PP-LOC-CLR in (NP (NP a costly bidding contest) (PP for (NP Hollywood film rights)))))) .)) (TOP (S (NP-SBJ-1 Shares) (VP closed (ADVP-CLR sharply higher) (PP-LOC in (NP London)) (PP-LOC in (NP (NP the year 's) thinnest volume)) (NP-TMP Monday) , (S-ADV (NP-SBJ-2 *-1) (VP supported (NP *-2) (ADVP largely) (PP by (NP-LGS (NP a technical bounce) (PP-TMP after (NP (NP last week 's) sharp declines))))))) .)) (TOP (S (NP-SBJ Tokyo stocks) (VP posted (NP a second-consecutive loss) (NP-TMP Monday) , (SBAR-TMP while (S (NP-SBJ (NP trading) (PP-LOC in (NP (NP Frankfurt) , (NP West Germany) ,))) (VP was (ADJP-PRD mixed))))) .)) (TOP (S (PP-LOC In (NP London)) , (NP-SBJ the Financial Times 100-share index) (VP finished (ADVP-CLR (NP 30.1 points) higher) (PP at (NP 2112.2))) .)) (TOP (S (NP-SBJ The index) (VP settled (PP-CLR off (NP (NP the high) (PP of (NP 2117.1)) (VP posted (NP *) (SBAR-TMP after (S (NP-SBJ Wall Street) (VP opened (ADVP-CLR stronger)))))))) .)) (TOP (S But (NP-SBJ-1 it) (VP showed (NP strength) (PP-TMP throughout (NP the session)) , (S-ADV (NP-SBJ *-1) (VP hitting (NP (NP a low) (PP of (NP only 2102.2))) (PP-TMP within (NP (NP the first few minutes) (PP of (NP dealings))))))) .)) (TOP (S (NP-SBJ The 30-share index) (VP settled (ADVP-CLR (NP 23.2 points) higher) (PP at (NP 1701.7))) .)) (TOP (S (NP-SBJ-1 Volume) (VP was (NP-PRD (QP only 256.6 million) shares) , (S-ADV (NP-SBJ *-1) (VP breaking (NP (NP (NP the previous 1989 low) (PP of (NP (QP 276.8 million) shares))) (VP recorded (NP *) (NP-TMP Oct. 23)))))) .)) (TOP (S (NP-SBJ Turnover) (VP was (ADVP also) (ADVP-PRD down substantially (PP from (NP (QP 840.8 million) shares) (PP-TMP on (NP Friday))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ-1 the market) (VP was (VP supported (NP *-1) (PP to (NP some extent)) (PP by (NP-LGS (NP a firmer pound) , (NP (NP gains) (PP-LOC on (NP Wall Street))) and (NP (NP shopping) (PP by (NP market-makers)) (S-PRP (NP-SBJ *) (VP to (VP cover (NP (NP internal requirements) (PP for (NP (NP selected stocks) (PP-LOC in (NP the 100-share index)))))))))))))))) .)) (TOP (S (NP-SBJ Dealers) (VP attributed (NP (NP most) (PP of (NP (NP the day 's) gains))) (PP-CLR to (NP (S-NOM (NP-SBJ market-makers) (VP moving (NP prices) (ADJP higher))) , (CONJP rather than) (NP (NP an outbreak) (PP of (NP significant buying interest)))))) .)) (TOP (S (NP-SBJ Prices) (VP were (ADVP-PRD up) (PP-LOC across (NP the board)) , (PP with (S-NOM (NP-SBJ most blue-chip stocks) (VP registering (NP solid gains))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ the market) (VP was (ADJP-PRD stronger)))) , (NP-SBJ dealers) (VP said (SBAR 0 (S (NP-SBJ-1 fresh buying interest) (VP was (VP sidelined (NP *-1) (ADVP ahead (PP of (NP (NP (NP a potential market-affecting debate) (PP-LOC in (NP (NP the House) (PP of (NP Commons))))) (VP set (NP *) (PP-TMP for (NP Tuesday))))))))))) .)) (TOP (S (NP-SBJ It) (VP will (VP be (NP-PRD (NP (NP (NAC Chancellor (PP of (NP the Exchequer))) John Major 's) first appearance) (PP-LOC before (NP the opposition Labor Party))))) .)) (TOP (S (NP-SBJ The market) (VP is (ADJP-PRD keenly interested (PP in (S-NOM (NP-SBJ *) (VP hearing (SBAR (WHNP-1 what) (S (NP-SBJ he) (VP has (NP (NP *T*-1) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP say (NP *T*-2) (PP-CLR about (NP (NP the status) (PP of (NP the current (ADJP 15 %) base lending rate))))))))))))))))) .)) (TOP (S (PP-LOC In (NP London trading)) , (NP-SBJ (NP Courtaulds) , (NP a chemicals and textiles company) ,) (VP increased (NP-EXT 15 pence) (PP-DIR to (NP 362)) (SBAR-TMP after (S (NP-SBJ it) (VP disclosed (NP plans (S (NP-SBJ *) (VP to (VP spin (PRT off) (NP its textiles operations) (PP-DIR into (NP a separately listed company)) (PP-TMP *PPA*-1))))) (PP-TMP-1 on (NP Jan. 1)))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP the most active) (PP of (NP the 100-share index))) (PP-LOC at (NP (NP (QP 8.3 million) shares) , (SBAR (WHNP-2 (WHNP (QP 6.5 million)) (WHPP of (WHNP which))) (S (NP-SBJ-1 *T*-2) (VP were (VP traded (NP *-1) (PP-TMP by (NP midday))))))))) .)) (TOP (S (NP-SBJ Jaguar) (VP ended (ADVP-CLR (NP 22) higher) (PP at (NP 747))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ-1 fresh buying) (VP was (VP drawn (NP *-1) (PP-CLR into (NP Jaguar)) (SBAR-TMP after (S (NP-SBJ (NP a senior executive) (PP of (NP (NP Daimler-Benz) , (NP the auto maker) ,))) (VP told (NP a British television interviewer) (PP-TMP during (NP the weekend)) (SBAR that (S (NP-SBJ the West German company) (VP held (NP (NP talks) (PP with (NP the luxury auto maker)) (PP over (NP possible joint ventures)))))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Daimler) (VP has (VP said (SBAR 0 (S (NP-SBJ it) (VP is n't (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *) (VP mounting (NP (NP a bid) (PP for (NP Jaguar)))))))))))))) , (NP-SBJ dealers) (VP said (SBAR 0 (S (NP-SBJ its name) (VP (ADVP further) underlined (NP (NP the growing interest) (PP in (NP the British concern))))))) .)) (TOP (S (NP-SBJ-1 Glaxo) (VP was (NP-PRD the biggest gainer) , (S-ADV (NP-SBJ *-1) (VP jumping (NP-EXT 35) (PP-DIR to (NP (NP # 13.78 *U*) (PRN -LRB- (NP $ 21.72 *U*) -RRB-))) (PP on (NP (NP anticipation) (PP of (NP (NP a stock split) (NP-TMP next week)))))))) .)) (TOP (S (NP-SBJ (NP Total turnover) (PP-LOC in (NP Glaxo))) (VP was (NP-PRD a thin 975,000 shares)) .)) (TOP (S (PP-LOC In (NP Tokyo)) , (NP-SBJ stocks) (VP had (NP a second-consecutive loss) (NP-TMP Monday) (PP-LOC in (NP quiet trading)) (PP with (NP (NP the exception) (PP of (NP (NP concentrated buying) (PP-LOC in (NP some incentive-backed issues))))))) .)) (TOP (S (NP-SBJ (NP The Nikkei index) (PP of (NP 225 selected issues))) (VP fell (NP-EXT 109.85 points) (PP-DIR to (NP 35417.44))) .)) (TOP (S (NP-SBJ The index) (VP fell (NP-EXT 151.20) (NP-TMP Friday)) .)) (TOP (S (PP-LOC In (NP (NP early trading) (PP-LOC in (NP Tokyo)) (NP-TMP Tuesday))) , (NP-SBJ the Nikkei index) (VP rose (NP-EXT 35.28 points) (PP-DIR to (NP 35452.72))) .)) (TOP (S (PP-TMP On (NP Monday)) , (NP-SBJ-1 (NP volume) (PP on (NP the First Section))) (VP was (VP estimated (NP *-1) (PP-CLR at (NP (QP 600 million) shares)) , (ADVP down (PP from (NP (QP 1.24 billion) shares) (NP-TMP Friday))))) .)) (TOP (S (S (NP-SBJ Declining issues) (VP outnumbered (NP advancers) (NP-EXT (NP 551) (PP to (NP 349))))) ; (S (NP-SBJ 224 issues) (VP were (ADJP-PRD unchanged))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Investors) , (SBAR (WHNP-203 who) (S (NP-SBJ *T*-203) (VP took (NP profits) (NP-TMP Friday)))) ,) (VP (ADVP mostly) took (NP a wait-and-see attitude) (NP-TMP Monday) (PP-LOC amid (NP (NP uncertainty) (PP-LOC in (NP (NP the foreign-currency market) and (NP New York stocks))))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Takamori Matsuda) , (NP (NP an analyst) (PP-LOC at (NP Dresdner-ABD Securities))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP fading expectation) (PP for (NP lower interest rates))) (VP made (S (NP-SBJ investors) (VP step (ADVP-DIR back (PP from (NP (NP real-estate shares) , (SBAR (WHNP-204 which) (S (NP-SBJ *T*-204) (VP advanced (NP-TMP last week))))))))))))) .)) (TOP (S (NP-SBJ Some traders) (VP said (SBAR 0 (S (NP-SBJ-1 institutions) (VP were (VP waiting (S (NP-SBJ *-1) (VP to (VP see (NP (NP the U.S. jobless rate) (SBAR (WHNP-2 0) (S (NP-SBJ-3 *T*-2) (VP to (VP be (VP issued (NP *-3) (NP-TMP Friday))))))))))))))) .)) (TOP (S (NP-SBJ (NP The Tokyo Stock Price Index) (PP of (NP (NP all issues) (VP listed (NP *) (PP-LOC in (NP the First Section))) , (SBAR (WHNP-205 which) (S (NP-SBJ *T*-205) (VP fell (NP-EXT 15.82 points) (NP-TMP Friday)))) ,))) (VP was (ADVP-PRD down (NP (NP 5.16 points) , or (NP 0.19 %) ,)) (PP at (NP 2676.60))) .)) (TOP (S (NP-SBJ (NP The Second Section index) , (SBAR (WHNP-206 which) (S (NP-SBJ *T*-206) (VP fell (NP-EXT 36.87 points) (NP-TMP Friday)))) ,) (VP was (ADVP-PRD down (NP (NP 21.44 points) , or (NP 0.59 %) ,)) (S-ADV (NP-SBJ *) (VP to (VP close (PP-LOC at (NP 3636.06)))))) .)) (TOP (S (NP-SBJ-1 Second Section volume) (VP was (VP estimated (NP *-1) (PP-LOC at (NP (QP 15 million) shares)) , (ADVP down (PP from (NP (QP 24.5 million) shares) (NP-TMP Friday))))) .)) (TOP (S (NP-SBJ (NP Monday 's) losers) (VP included (NP railway , electric-utility and high-technology issues)) .)) (TOP (S (NP-SBJ-1 (NP The energy) (PP of (NP participating investors))) (VP streamed (PP-DIR into (NP Tokyu Group shares)) , (S-ADV (NP-SBJ *-1) (VP pushing (NP (NP prices) (PP of (NP its companies))) (PRT up) (PP-LOC across (NP the board))))) .)) (TOP (S (NP-SBJ Tokyu Group) (VP announced (PP-TMP during (NP the weekend)) (SBAR that (S (NP-SBJ-1 each Group company) (VP will (VP buy (NP (NP the others ') stocks) (S-PRP (NP-SBJ *-1) (VP to (VP defend (NP themselves) (PP against (NP a rumored takeover)))))))))) .)) (TOP (S (NP-SBJ The announcement) (VP fueled (NP (NP speculation) (PP for (NP (NP future advances) (PP-LOC in (NP the shares)))))) .)) (TOP (S (NP-SBJ Tokyu Department Store) (VP advanced (NP-EXT 260) (PP-DIR to (NP 2410))) .)) (TOP (S (NP-SBJ Tokyu Corp.) (VP was (ADVP-PRD up (NP 150)) (PP at (NP 2890))) .)) (TOP (S (NP-SBJ Tokyu Construction) (VP gained (NP-EXT 170) (PP-DIR to (NP 1610))) .)) (TOP (S (NP-SBJ Other winners) (NP-TMP Monday) (VP included (NP (NP nonferrous metals) , (SBAR (WHNP-207 which) (S (NP-SBJ *T*-207) (VP attracted (NP investors) (PP-PRP because of (NP (NP a surge) (PP-LOC in (NP gold prices)) (PP-LOC on (NP (NP the back) (PP of (NP the unstable dollar))))))))))) .)) (TOP (S (NP-SBJ Petroleum companies) (VP were (ADVP also) (ADJP-PRD popular) (PP-PRP because of (NP (NP expectations) (PP of (NP (NP a weaker dollar) , (SBAR (WHNP-208 which) (S (NP-SBJ *T*-208) (VP cuts (NP dollar-denominated crude-oil prices))))))))) .)) (TOP (S (NP-SBJ-1 (NP Share prices) (PP-LOC in (NP Frankfurt))) (VP closed (S-CLR (NP-SBJ *-1) (ADJP-PRD narrowly mixed)) (PP after (NP (ADJP listless and directionless) trading))) .)) (TOP (S (NP-SBJ The DAX index) (VP closed (PP-CLR at (NP 1466.29)) , (ADVP up (NP only 3.36))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ turnover) (VP was (ADJP-PRD particularly thin) (SBAR-TMP as (S (NP-SBJ investors) (VP waited (SBAR-CLR for (S (NP-SBJ Wall Street) (VP to (VP set (NP (NP the direction) (PP for (NP the week)))))))))))))) .)) (TOP (S (NP-SBJ Most) (VP expect (S (NP-SBJ (NP the decline) (PP-LOC in (NP New York stock prices))) (VP to (VP continue (NP-TMP this week))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Another factor) (VP weighing (PP-LOC on (NP the Frankfurt market)))) (VP involves (NP (NP fears) (PP about (NP (NP the impending wage talks) (PP between (NP (NP the IG Metall metal-workers union) and (NP industry representatives))) , (SBAR (WHNP-209 which) (S (NP-SBJ *T*-209) (VP could (VP result (PP-CLR in (NP (NP a wave) (PP of (NP strikes)) (PP-TMP next (NP spring))))))))))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 A few blue-chip stocks) (VP posted (NP strong gains) , (S-ADV (NP-SBJ-2 *-1) (VP boosted (NP *-2) (PP by (NP-LGS special factors)))) , (SBAR-TMP while (S (NP-SBJ (NP the majority) (PP of (NP shares))) (VP ended (ADJP little changed))))) .)) (TOP (S (ADVP-TMP Elsewhere) , (NP-SBJ stock prices) (VP (VP were (ADJP-PRD-1 lower) (PP-LOC-2 in (NP Brussels , Milan and Stockholm))) , and (VP (ADJP-PRD=1 mixed) (PP-LOC=2 in (NP Amsterdam , Paris and Zurich)))) .)) (TOP (S (NP-SBJ Stocks) (VP (VP closed (ADVP-CLR higher) (PP-LOC in (NP (NP Hong Kong) , (NP Manila) , (NP Seoul) , (NP Sydney) , (NP Taipei) and (NP Wellington)))) , but (VP were (ADJP-PRD lower) (PP-LOC in (NP Singapore)))) .)) (TOP (SINV (ADVP-LOC-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP price trends) (PP-LOC on (NP (NP the world 's) major stock markets)) , (SBAR as (S (NP-SBJ-2 *) (VP calculated (NP *-2) (PP by (NP-LGS (NP Morgan Stanley Capital International Perspective) , (NP-LOC Geneva))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP make (S (NP-SBJ them) (ADJP-PRD directly comparable))))) , (NP-SBJ-1 each index) (VP is (VP based (NP *-1) (PP-CLR on (NP (NP the close) (PP of (NP 1969)) (VP equaling (NP 100)))))) .)) (TOP (S (NP-SBJ The percentage change) (VP is (PP-TMP-PRD since (NP year-end))) .)) (TOP (S (NP-SBJ Deere & Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP reached (NP (NP a tentative agreement) (PP with (NP (NP (NP the machinists ') union) (PP-LOC at (NP its (NAC-LOC Horicon , Wis. ,) plant))))) , (S-ADV (NP-SBJ *) (VP ending (NP (NP a month-old strike) (PP by (NP (NP workers) (PP-LOC *PPA*-1))) (PP-LOC-1 at (NP the facility))))))))) .)) (TOP (S (NP-SBJ (NP The maker) (PP of (NP farm equipment))) (VP said (SBAR 0 (S (NP-SBJ (NP the three-year labor agreement) (PP with (NP (NP the International Association) (PP of (NP (NP Machinists) and (NP Aerospace Workers))) (PP-LOC at (NP (NP John Deere Horicon Works) , (NP (NP (NP Deere 's) primary facility) (PP for (S-NOM (NP-SBJ *) (VP producing (NP (ADJP lawn and grounds-care) equipment))))) ,))))) (VP (VP takes (NP-CLR effect) (ADVP-TMP immediately)) and (VP extends (PP-TMP-CLR through (NP Oct. 1 , 1992))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (QP About 1,150) employees) (VP are (VP covered (NP *-1) (PP by (NP-LGS the new agreement))))) , (NP-SBJ Deere) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Courtaulds PLC) (VP announced (NP plans (S (NP-SBJ *) (VP to (VP spin (PRT off) (NP its textiles operations) (PP-DIR to (NP existing shareholders)) (PP-LOC in (NP a restructuring)) (S-PRP (NP-SBJ *) (VP to (VP boost (NP shareholder value))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP The British (UCP chemical and textile) company 's) plan) , (SBAR (WHNP-210 which) (S (NP-SBJ *T*-210) (VP requires (NP shareholder approval)))) ,) (VP would (VP create (NP (NP a new , listed U.K. stock) (PP with (NP (NP a probable market capitalization) (PP between (NP (NP (NP (QP # 300 million) *U*) (PRN -LRB- (NP (QP $ 473 million) *U*) -RRB-)) and (NP (QP # 400 million) *U*))))))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The establishment) (PP of (NP (NP the separate company) , (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP be (VP called (S (NP-SBJ *-2) (NP-PRD Courtaulds Textiles))))))) ,))) (VP could (VP be (ADJP-PRD effective) (ADVP-TMP (ADVP as early) (PP as (NP (NP next year 's) first quarter))))) .)) (TOP (S (NP-SBJ Investors) (VP welcomed (NP the move)) .)) (TOP (S (NP-SBJ-1 (NP Courtaulds ') shares) (VP rose (NP-EXT 15 pence) (PP-DIR to (NP 362 pence)) , (S-ADV (NP-SBJ *-1) (VP valuing (NP the entire company) (PP at (NP (QP about # 1.44 billion) *U*))))) .)) (TOP (S (NP-SBJ (NP Courtaulds ') spinoff) (VP reflects (NP (NP pressure (S *ICH*-1)) (PP-LOC on (NP British industry)) (S-1 (NP-SBJ *) (VP to (VP boost (NP share prices) (PP-LOC-CLR beyond (NP (NP the reach) (PP of (NP corporate raiders))))))))) .)) (TOP (S (NP-SBJ (NP Courtaulds ') restructuring) (VP is (PP-LOC-PRD among (NP (NP the largest) (ADVP-TMP thus far) (PP-LOC in (NP Britain)))) , (SBAR-ADV though (S (NP-SBJ-1 it) (VP is (VP dwarfed (NP *-1) (PP by (NP-LOC (NP B.A.T Industries PLC 's) plans (S (NP-SBJ *) (VP to (VP spin (PRT off) (NP (NP (QP roughly # 4 billion) *U*) (PP in (NP assets))) (S-PRP (NP-SBJ-2 *) (VP to (VP help (S (NP-SBJ *-2) (VP fend (PRT off) (NP (NP a takeover bid) (PP-DIR from (NP Anglo-French financier Sir James Goldsmith)))))))))))))))))) .)) (TOP (S (NP-SBJ The divested Courtaulds textile operations) (VP had (NP (NP operating profit) (PP of (NP (QP # 50 million) *U*)) (PP on (NP (NP (QP # 980 million) *U*) (PP in (NP revenue))))) (PP-TMP in (NP (NP the year) (VP ended (NP-TMP March 31))))) .)) (TOP (S (NP-SBJ Some analysts) (VP have (VP said (SBAR 0 (S (NP-SBJ (NP Courtaulds ') moves) (VP could (VP boost (NP (NP the company 's) value) (PP-EXT by (NP (QP 5 % to 10) %)) , (SBAR-PRP because (S (NP-SBJ the two entities) (ADVP separately) (VP will (VP carry (NP (NP a higher price earnings multiple) (SBAR than (S (NP-SBJ they) (VP did (VP *?* (FRAG (ADJP combined))))))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Courtaulds) (VP said (SBAR 0 (S (NP-SBJ the moves) (VP are (ADJP-PRD logical) (SBAR-PRP because (S (NP-SBJ they) (VP will (VP allow (S (NP-SBJ both the chemicals and textile businesses) (VP to (VP focus (ADVP-MNR more closely) (PP-LOC-CLR on (NP core activities))))))))))))) .)) (TOP (S (NP-SBJ Courtaulds) (VP has (VP been (PP-PRD under (NP pressure (S (NP-SBJ *) (VP to (VP enhance (NP shareholder value)))))) (SBAR-TMP since (S (NP-SBJ-1 (NP takeover speculators) (PRN -- (PP including (NP Australian financier Kerry Packer)) --)) (VP surfaced (S-ADV (NP-SBJ *-1) (VP holding (NP small stakes) (NP-TMP last year)))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ Mr. Packer) (VP has (ADVP-TMP since) (VP sold (NP his stake))))) , (NP-SBJ-1 Courtaulds) (VP is (VP moving (S (NP-SBJ *-1) (VP to (VP keep (S (NP-SBJ its institutional shareholders) (ADJP-PRD happy))))))) .)) (TOP (SINV (S-TPC-1 (PP Even without (NP a specific takeover threat)) , (NP-SBJ Courtaulds) (VP is (VP giving (NP shareholders) `` (NP choice and value) , ''))) (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Julia Blake) , (NP (NP an analyst) (PP-LOC at (NP London stockbrokers Barclays de Zoete Wedd)))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ the company) (VP said : `` (S (NP-SBJ-1 Both parts) (VP can (ADVP only) (VP (VP realize (NP their full potential)) and (VP be (VP (ADVP appropriately) valued (NP *-1) (PP by (NP-LGS the market)))) (SBAR-ADV if (S (NP-SBJ they) (VP are (NP-PRD separately quoted companies)))))))) .)) (TOP (S (NP-SBJ (NP (NP The sharper definition) and (NP the autonomy)) (SBAR (WHNP-1 which) (S (NP-SBJ each) (VP will (ADVP thereby) (VP gain (NP *T*-1)))))) (VP will (VP benefit (NP shareholders , customers and employees))) . '')) (TOP (S (NP-SBJ Courtaulds Chairman and Chief Executive Sir Christopher Hogg) (VP will (VP remain (PP-LOC-PRD in (NP (NP both posts) (PP-LOC at (NP the surviving chemical company)))) (PP-TMP after (NP the spinoff)))) .)) (TOP (S (NP-SBJ Sanwa Shutter Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (NP its affiliated company) (PP-LOC in (NP Malaysia))) , (VP established (NP *) (NP-TMP this April)) ,) (VP will (VP begin (S (NP-SBJ *-1) (VP manufacturing (NP steel doors) (NP-TMP Wednesday)))))))) .)) (TOP (S (NP-SBJ (NP Its partner) (PP-LOC in (NP the joint venture))) (VP is (NP-PRD (NP Sin Kean Boon Metal Industries) , (NP-LOC (NP Penang) , (NP Malaysia)))) .)) (TOP (S (NP-SBJ Company officials) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the new company) , (NP (NP Sin Kean Boon-Sanwa) (PRN -LRB- (NP J.V .) -RRB-))) (VP is (VP capitalized (NP *-1) (PP-MNR at (NP (NP the equivalent) (PP of (NP (NP (QP 54 million) yen) (PRN -LRB- (NP $ 381,000 *U*) -RRB-)))))))))) .)) (TOP (S (NP-SBJ The Japanese concern) (VP has (NP (ADJP a 40 %) stake) , (SBAR-ADV while (S (NP-SBJ the local partner) (VP has (NP a (ADJP 60 %) stake))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The new company) (VP was (VP created (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP meet (NP (NP growing demand) (PP for (NP steel doors)) , (ADJP concurrent (PP with (NP (NP increasing local concern) (PP about (NP fire prevention))))) ,))))))) (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 (NP Barbara Hackman Franklin) , (NP (NP president) (PP of (NP Franklin Associates))) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP this building products maker)))))) .)) (TOP (S (NP-SBJ (NP Ms. Franklin) , (ADJP (NP 49 years) old) ,) (VP fills (NP (NP the position) (VP vacated (NP *) (PP by (NP-LGS (NP Naomi G. Albanese) , (SBAR (WHNP-211 who) (S (NP-SBJ *T*-211) (VP retired (NP-TMP earlier this year) (PP at (NP age 72)))))))))) .)) (TOP (S (NP-SBJ NEC Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP plans (S (NP-SBJ *) (VP to (ADVP more than) (VP double (NP (NP (NP its British subsidiary 's) capacity) (PP for (NP (NP the production) (PP of (NP semiconductor wafers)))))))))))) .)) (TOP (S (NP-SBJ (NP Officials) (PP-LOC at (NP the Japanese semiconductor maker))) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP intends (S (NP-SBJ *-1) (VP to (VP increase (NP (NP investment) (PP-LOC in (NP plant and equipment))) (PP-EXT by (NP (NP (QP 10 billion) yen) (PRN -LRB- (NP $ (QP 70.6 million) *U*) -RRB-))) , (PP-DIR to (NP (QP 90 billion) yen)) , (PP-TMP in (NP (NP the year) (VP ending (NP-TMP March 31)))) , (PP with (NP (NP the extra funds) (VP used (S-CLR (NP-SBJ *) (VP to (VP increase (NP production) (ADVP-LOC overseas)))))))))))))) .)) (TOP (S (NP-SBJ Officials) (VP (VP said (SBAR 0 (S (NP-SBJ they) (VP were n't (ADJP-PRD sure (SBAR (WHADVP-2 how) (S (NP-SBJ-1 the money) (VP will (VP be (VP distributed (NP *-1) (PP-LOC-CLR among (NP overseas units)) (ADVP-MNR *T*-2)))))))))) ,) but (VP added (SBAR that (S (NP-SBJ NEC Semiconductors U.K. Ltd.) (VP will (VP receive (NP priority))))))) .)) (TOP (S (NP-SBJ Officials) (ADVP also) (VP disclosed (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD possible) (SBAR-1 that (S (NP-SBJ NEC) (VP may (VP reduce (NP (NP domestic production) (PP of (NP one-megabit chips))) (PP-DIR to (NP (NP (QP five million)) (NP-ADV a month))) (PP-DIR from (NP (QP six million))) , (S-ADV (NP-SBJ *) (VP beginning (NP-TMP January))) , (PP-PRP because of (NP deteriorating market prices)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Japan 's) steel exports) (VP (VP fell (NP-EXT 12.2 %) (PP-TMP in (NP September)) (PP from (NP-TMP a year earlier))) and (VP were (ADVP-PRD down (NP 1.1 %) (PP from (NP-TMP the previous month)))))) , (NP-SBJ the Japan Iron and Steel Federation) (VP reported (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ September) (VP was (NP-PRD (NP the 10th consecutive month) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ-2 steel exports) (VP failed (S (NP-SBJ *-2) (VP to (VP reach (NP the year-earlier level) (PP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ A federation official) (VP attributed (NP the decline) (PP-CLR to (NP (NP brisk demand) (PP-DIR from (NP domestic industries)) (VP backed (NP *) (PP by (NP-LGS (NP continuing economic expansion) (PP-LOC in (NP Japan)))))))) .)) (TOP (S (S (NP-SBJ Japanese steel companies) (VP are (ADVP apparently) (VP focusing (PP-LOC-CLR on (NP domestic sales))))) , but (S (NP-SBJ the official) (VP said (SBAR 0 (S (NP-SBJ it) (VP does n't (ADVP necessarily) (VP mean (SBAR that (S (NP-SBJ local sales contracts) (VP are (VP increasing (ADVP that markedly))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ They) (VP (VP are (ADJP-PRD just too busy (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP meet (NP domestic demand))))))) and (VP have (NP (NP little room) (PP for (NP overseas shipments)))))) , '' (NP-SBJ the official) (VP said (S *T*-1)) .)) (TOP (S (PP-TMP After (NP a bad start)) , (NP-SBJ-1 Treasury bonds) (VP were (VP buoyed (NP *-1) (PP by (NP-LGS (NP a late burst) (PP of (NP buying)))) (S-ADV (NP-SBJ *-1) (VP to (VP end (ADVP-CLR modestly higher)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The market) (VP was (ADJP-PRD pretty dull) '' (PP-TMP for (NP (NP most) (PP of (NP the day)))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Robert H. Chandross) , (NP (NP vice president) (PP-LOC at (NP Lloyds Bank PLC)))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 some investors) (VP were (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP plunge (PP-DIR into (NP the market)) (ADVP ahead (PP of (NP (NP (NP several key economic indicators) (ADJP due (NP-TMP this week))) , especially (NP (NP Friday 's) (ADJP potentially market-moving) employment report)))))))))))) .)) (TOP (S (PP-TMP During (NP (NP the first hour) (PP of (NP trading)))) (NP-TMP yesterday) , (NP-SBJ prices) (VP fell (ADVP-EXT (NP-ADV (QP as much as 1) point) , or (ADVP down (NP (NP (QP about $ 2.50) *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount )))))) .)) (TOP (S But (NP-SBJ-1 market activity) (VP was (VP energized (NP *-1) (SBAR-TMP as (S (NP-SBJ-2 investors) (VP started (S (NP-SBJ *-2) (VP to (VP view (NP the lower price levels) (PP-CLR as (ADJP attractive)))))))))) .)) (TOP (S And (NP-SBJ-2 (NP (NP (NP the Treasury 's) (ADJP (QP $ 17.6 billion) *U*) auction) (PP of (NP short-term bills))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP generated (NP strong buying interest)))) ,) (VP helped (S (NP-SBJ *-2) (VP to (VP lift (NP the bond market) (PP-DIR out (PP of (NP the doldrums))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ We) (VP saw (NP (NP good retail demand) (PP by (NP (NP small banks) , (NP individuals) and (NP institutions)))))) and (S (NP-SBJ that) (VP is (NP-PRD (NP one reason) (SBAR (WHADVP-2 why) (S (NP-SBJ the market) (VP advanced '' (ADVP-TMP late (PP in (NP the day))) (ADVP-PRP *T*-2)))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Sung Won Sohn) , (NP (NP senior vice president and chief economist) (PP-LOC at (NP (NP Norwest Corp.) , (NP Minneapolis))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP the change) (PP in (NP sentiment))) (ADVP also) (VP reflected (NP perceptions (SBAR that (S (NP-SBJ (NP the slate) (PP of (NP economic statistic)) (ADJP due (NP-TMP this week))) (VP will (VP be `` (ADJP-PRD conducive (PP to (NP a bond market rally)))))))))))) . '')) (TOP (S (NP-SBJ-2 (NP The employment report) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP provide (NP (NP the first official measure) (PP of (NP (NP (NP the economy 's) strength) (PP-TMP in (NP October))))))))) ,) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP show (NP (NP smaller gains) (PP-LOC in (NP (NP the generation) (PP of (NP new jobs)))))))))) .)) (TOP (S (NP-SBJ (NP Other key economic indicators) (ADJP due (NP-TMP this week))) (VP include (NP (NP (NP today 's) release) (PP of (NP (NP the September leading indicators index) and (NP new-home sales))))) .)) (TOP (S (S (NP-TMP Tomorrow) , (NP-SBJ the October purchasing managers report) (VP is (ADJP-PRD due))) and (SINV (PP-TMP on (NP Thursday)) (VP comes) (NP-SBJ October chain-store sales)) .)) (TOP (S (PP Despite (NP (NP yesterday 's) modest bond market gains)) , (NP-SBJ economists) (VP say (SBAR 0 (S (NP-SBJ investors) (VP are (ADJP-PRD anxious (PP about (NP (NP (NP the Treasury 's) huge quarterly refunding) (PP of (NP government debt)) , (SBAR (WHNP-1 (WHNP the timing) (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP depends (PP-CLR on (NP Congressional efforts (S (NP-SBJ *) (VP to (VP raise (NP the debt ceiling)))))))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the Treasury) (VP will (VP announce (NP (NP details) (PP of (NP the November refunding))) (NP-TMP tomorrow))))) , (NP-SBJ-1 it) (VP could (VP be (VP delayed (NP *-1) (SBAR-ADV if (S (NP-SBJ-2 (NP Congress) and (NP President Bush)) (VP fail (S (NP-SBJ *-2) (VP to (VP increase (NP (NP the Treasury 's) borrowing capacity)))))))))) .)) (TOP (S (NP-SBJ-1 The debt ceiling) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP fall (PP-DIR to (NP (QP $ 2.8 trillion) *U*)) (PP-DIR from (NP (QP $ 2.87 trillion) *U*)) (PP-TMP at (NP (NP midnight) (NP-TMP tonight)))))))) .)) (TOP (S (NP-SBJ (NP The Treasury 's) benchmark 30-year bond) (VP rose (NP-EXT 1 point)) .)) (TOP (S (S (NP-SBJ Mortgage-backed securities) (VP were (ADVP-PRD up (NP (QP less than 1) point)))) and (S (NP-SBJ investment-grade corporate bonds) (VP were (ADJP-PRD unchanged))) .)) (TOP (S (NP-SBJ (NP Strong demand) (PP for (NP (NP New York City 's) (ADJP (QP $ 813 million) *U*) general obligation bonds ))) (VP propped (PRT up) (NP the municipal market)) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ most municipal bonds) (VP ended (ADVP-CLR (NP 1 point) higher))))) .)) (TOP (S (NP-SBJ The New York City issue) (VP included (NP (NP (QP $ 757 million) *U*) (PP of (NP (NP tax-exempt bonds) (VP priced (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP (QP between 6.50 % to 7.88 %) *U*) , (PP depending (PP on (NP the maturity))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The (QP $ 56 million) *U*) (PP of (NP (NP New York 's) taxable general obligation bonds))) (VP were (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP (QP between 9.125 % to 9.90 %) *U*)))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ *) (VP expected))) , (NP-SBJ the longer-term tax-exempt New York bonds) (VP had (NP (NP yields) (ADJP (ADJP nearly as high) (PP as (NP (NP those) (PP on (NP taxable long-term Treasury bonds))))))) .)) (TOP (S (NP-SBJ (NP The yield) (PP on (NP the benchmark 30-year Treasury bond))) (VP ended (NP-TMP yesterday) (PP-CLR at (NP (QP about 7.92) %))) .)) (TOP (S (NP-SBJ Bond dealers) (VP said (SBAR 0 (S (NP-SBJ (NP the rates) (PP for (NP the long-term tax-exempt New York City bonds))) (VP were (PP-PRD among (NP (NP the highest) , (PP as (NP (NP a percentage) (PP of (NP Treasury rates)))) , (PP for (NP (NP any New York City issue) (PP-LOC in (NP recent memory)))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP New York City Comptroller Harrison Goldin))) (VP said (SBAR 0 (S (NP-SBJ the high rates) (VP reflect (NP (NP investors concerns) (PP about (NP (NP the city 's) (NX (NX financial health) and (NX political uncertainties))))))))) .)) (TOP (S (NP-SBJ (NP New York bonds) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP have (VP been (VP hammered (NP *-1) (PP-TMP in (NP recent weeks)) (PP on (NP (NP the pending supply) and (NP reports (SBAR that (S (NP-SBJ (NP the city 's) economy) (VP is (VP growing (ADJP-PRD weaker))))))))))))) ,) (VP rose (NP-EXT 1 point) (NP-TMP yesterday)) .)) (TOP (NP-HLN Treasury Securities)) (TOP (S (NP-SBJ Treasury bonds) (VP ended (ADVP-CLR slightly higher) (PP-LOC in (NP light trading))) .)) (TOP (S (NP-SBJ The benchmark 30-year bond) (VP ended (PP-CLR at (NP (NP (QP 102 7)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP yield (NP 7.92 %))))))) , (PP compared (PP with (NP (NP (NP Friday 's) price) (PP of (NP (NP (QP 102 2)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP yield (NP 7.93 %))))))))))) .)) (TOP (S (NP-SBJ The latest 10-year notes) (VP ended (PP-CLR at (NP (NP (QP about 100 16)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP yield (NP 7.90 %))))))) , (PP compared (PP with (NP (NP (QP 100 11)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP yield (NP 7.93 %))))) (PP-TMP on (NP Friday)))))) .)) (TOP (S (NP-SBJ Short-term interest rates) (VP rose (PP-LOC at (NP (NP the government 's) regular weekly Treasury-bill auction))) .)) (TOP (S (S (NP-SBJ (NP The average discount rate) (PP on (NP three-month bills))) (VP was (NP-PRD 7.78 %))) and (S (NP-SBJ (NP the rate) (PP on (NP six-month bills))) (VP was (NP-PRD 7.62 %))) .)) (TOP (S (NP-SBJ Those rates) (VP are (ADVP-PRD up (PP from (NP (NP (NP 7.52 %) and (NP 7.50 %) , (ADVP respectively) ,) (PP-LOC at (NP (NP last week 's) auction)))))) .)) (TOP (S (PP-PRP Due to (NP (NP the Treasury 's) need (S (NP-SBJ *) (VP to (VP raise (NP funds) (ADVP-MNR quickly) (SBAR-TMP before (S (NP-SBJ the current authority (S (NP-SBJ *) (VP to (VP issue (NP debt))))) (VP expires (PP-TMP at (NP midnight)) (NP-TMP tonight))))))))) , (NP-SBJ-1 (NP yesterday 's) auction) (VP was (VP structured (NP *-1) (ADVP-MNR differently (PP from (NP previous sales))))) .)) (TOP (S (NP-SBJ (NP The Treasury bills) (VP sold (NP *) (NP-TMP yesterday))) (VP settle (NP-TMP (NP today) , (PP rather than (NP (NP the standard settlement day) (PP of (NP Thursday)))))) .)) (TOP (S And (PP-PRP because of (NP the early settlement)) , (S (NP-SBJ the three-month bills) (ADVP actually) (VP have (NP a 93-day maturity))) , and (S (NP-SBJ the six-month bills) (VP have (NP an 184-day maturity))) .)) (TOP (S (PP-PRP Because of (NP the early settlement)) , (NP-SBJ-1 the Federal Reserve) (VP was (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP purchase (NP (NP bills) (PP for (NP its system account)))))))) .)) (TOP (S (ADVP However) , (NP-SBJ analysts) (VP expect (S (NP-SBJ the Fed) (VP to (VP buy (NP (NP Treasury bills) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were (VP auctioned (NP *-1) (NP-TMP yesterday) (PP-LOC in (NP the secondary market))))))))))) .)) (TOP (S (NP-SBJ The Treasury) (ADVP also) (VP held (NP (NP a (ADJP hastily scheduled) (ADJP (QP $ 2 billion) *U*) sale) (PP of (NP 51-cash management bills))) (NP-TMP yesterday)) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP details) (PP of (NP (NP yesterday 's) (ADJP three-month and six-month) bill auction))) :)) (TOP (S (NP-SBJ-1 Rates) (VP are (VP determined (NP *-1) (PP by (NP-LGS (NP the difference) (PP between (NP the purchase price and face value)))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ higher bidding) (VP narrows (NP (NP the investor 's) return) (SBAR-ADV while (S (NP-SBJ lower bidding) (VP widens (NP it))))) .)) (TOP (S (NP-SBJ-1 The percentage rates) (VP are (VP calculated (NP *-1) (PP-CLR on (NP a 360-day year)) , (SBAR-ADV while (S (NP-SBJ-2 the coupon equivalent yield) (VP is (VP based (NP *-2) (PP-CLR on (NP a 365-day year)))))))) .)) (TOP (S (NP-SBJ-1 Both issues) (VP are (VP dated (NP *-1) (NP-TMP Oct. 31))) .)) (TOP (S (S (NP-SBJ The 13-week bills) (VP mature (NP-TMP-CLR Feb. 1))) , and (S (NP-SBJ the 26-week bills) (VP mature (NP-TMP-CLR May 3 , 1990))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP (NP details) (PP of (NP (NP yesterday 's) 51-day cash management bill auction)))) :)) (TOP (NP (NP Interest rate) (NP 8.07 %))) (TOP (S (NP-SBJ The bills) (VP (VP are (VP dated (NP-TMP-CLR Oct. 31))) and (VP mature (NP-TMP-CLR Dec. 21 , 1989))) .)) (TOP (NP-HLN Corporate Issues)) (TOP (S (NP-SBJ (NP The junk bond prices) (PP of (NP Western Union Corp.))) (VP tumbled (SBAR-TMP after (S (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ it) (VP wo n't (VP proceed (PP-CLR with (NP (NP an exchange offer) (PP to (NP (NP holders) (PP of (NP its reset notes)))))))))))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Upper Saddle River , N.J. ,) communications firm) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP considering (NP (NP alternatives) (PP to (NP (NP the restructuring) (PP of (NP the senior secured notes))))) (PP-PRP because of (NP (NP changes) (PP in (NP the high-yield market))))))))) .)) (TOP (S (PP-TMP In (NP June)) , (NP-SBJ-2 Western Union) (VP was (VP (VP forced (S (NP-SBJ *-2) (VP to (VP reset (NP (NP the interest rate) (PP on (NP (NP the senior secured notes) (ADJP due (PP-TMP in (NP 1992)))))) (PP-DIR to (NP (QP 19 1) %)) (PP-DIR from (NP (QP 16 1) %)))))) , (NP-ADV (NP a move) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP increased (NP (NP the firm 's) annual interest payments) (PP-EXT by (NP (QP $ 13.8 million) *U*)))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the notes) (VP held (PP-CLR at (NP (NP a price) (PP of (NP (QP 92 to 93))))) (PP-TMP (ADVP immediately) after (NP the reset))))) , (NP-SBJ-1 they) (VP started (S (NP-SBJ *-1) (VP falling (ADVP-TMP soon afterward)))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ-1 (NP Western Union 's) senior secured reset notes) (VP fell (NP-EXT (NP 3 3 points) , or (NP (NP (QP about $ 37.50) *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount ))) ,) (S-ADV (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP 50 1)))))) .)) (TOP (S (NP-SBJ Other Western Union securities) (VP were (ADVP also) (ADJP-PRD lower)) .)) (TOP (S (NP-SBJ-1 (NP The company 's) (ADJP 7.90 %) sinking fund debentures) (VP were (VP quoted (NP *-1) (PP-CLR at (NP (NP (NP a bid price) (PP of (NP (QP 14 1)))) and (NP (NP an offered price) (PP of (NP 30))))) , (SBAR-ADV while (S (NP-SBJ-2 (NP the (ADJP (QP 10 3) %) subordinated debentures) (PP of (NP 1997))) (VP were (VP being (VP (VP bid (PP-CLR for (NP *-2)) (PP-CLR at (NP 28))) and (VP offered (NP *-2) (PP-CLR at (NP (QP around 34 3))))))))))) .)) (TOP (S (NP-SBJ The (ADJP (QP 10 3) %) debentures) (ADVP-TMP last) (VP traded (PP-CLR at (NP 35))) .)) (TOP (S (S (NP-SBJ High-yield traders) (VP said (SBAR 0 (S (NP-SBJ (NP spreads) (PP between (NP (NP the bid and offered prices) (PP of (NP Western Union junk bonds))))) (VP have (VP been (VP widening (PP-TMP for (NP some time))))))))) , and (S (PP-LOC in (NP certain cases)) , (NP-SBJ (NP bids) (PP for (NP Western Union securities))) (VP are not (ADJP-PRD available))) .)) (TOP (S (ADVP-LOC Elsewhere) , (NP-SBJ (NP prices) (PP of (NP (ADJP investment-grade and high-risk , high-yield) junk bonds))) (VP ended (ADJP-CLR unchanged)) .)) (TOP (S (PP-LOC In (NP (NP the new-issue market) (PP for (NP junk securities)))) , (NP-SBJ-1 (NP underwriters) (PP-LOC at (NP Salomon Brothers Inc.))) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP price (NP-TMP today) (NP (NP a (ADJP (QP $ 350 million) *U*) junk bond offering) (PP by (NP Beatrice Co.)))))))) .)) (TOP (S (NP-SBJ The two-part issue) (VP consists (PP-CLR of (NP (NP (NP (QP $ 200 million) *U*) (PP of (NP (NP senior subordinated reset notes) (VP maturing (PP-TMP-CLR in (NP 1997)))))) and (NP (NP (QP $ 150 million) *U*) (PP of (NP (NP subordinated floating rate notes) (VP (ADVP also) maturing (PP-TMP-CLR in (NP 1997))))))))) .)) (TOP (S (NP-SBJ Portfolio managers) (VP said (SBAR 0 (S (NP-SBJ expectations) (VP are (SBAR-PRD for (S (NP-SBJ-1 the issue) (VP to (VP be (VP priced (NP *-1) (PP-CLR at (NP a discount)) (PP-CLR with (NP (NP (NP a coupon) (PP of (NP (QP 13 3) %))) and (NP (NP a yield) (PP of (NP (QP about 14) %)))))))))))))) .)) (TOP (S (NP-SBJ-1 The Chicago-based food and consumer goods concern) (VP was (VP acquired (NP *-1) (PP-TMP in (NP April 1986)) (PP-LOC in (NP (NP a (ADJP (QP $ 6.2 billion) *U*) leveraged buy-out ) (VP engineered (NP *) (PP by (NP-LGS Kohlberg Kravis Roberts & Co))))))) .)) (TOP (S (NP-SBJ-1 (NP Proceeds) (PP from (NP the note sale))) (VP will (VP be (VP used (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP repay (NP (NP a portion) (PP of (NP (NP the bank borrowings) (VP used (NP *) (PP by (NP-LGS Beatrice)) (S-CLR (NP-SBJ *) (VP to (VP redeem (NP (NP its (ADJP (QP $ 526.3 million) *U*) principal amount) (PP of (NP increasing rate debentures))) (PP-TMP in (NP August))))))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 (NP underwriters) (PP-LOC at (NP Morgan Stanley & Co.))) (VP are (VP expected (NP-TMP today) (S (NP-SBJ *-1) (VP to (VP price (NP (NP a (ADJP (QP $ 350 million) *U*) high-yield offering) (PP by (NP Continental Cablevision Inc)))))))) .)) (TOP (S (NP-SBJ-2 (NP The senior subordinated debentures) (VP maturing (PP-TMP in (NP 2004)))) (VP are (VP targeted (S (NP-SBJ-1 *-2) (VP to (VP be (VP offered (NP *-1) (PP-CLR at (NP (NP a yield) (PP of (NP (QP between 12 5 % to 12 3 %) *U*)))))))))) .)) (TOP (NP-HLN Mortgage-Backed Securities)) (TOP (S (NP-SBJ Mortgage securities) (VP ended (ADVP-CLR (QP 2 to 4) higher) (PP-LOC in (NP light trading))) .)) (TOP (S (S (NP-SBJ-1 (NP (NP Ginnie Mae 's) (ADJP 9 %) issue) (PP for (NP November delivery))) (VP finished (PP-CLR-2 at (NP (QP 98 1))) , (ADVP-3 up (NP 4)))) , and (S (NP-SBJ=1 its (ADJP 10 %) issue) (PP-CLR=2 at (NP (QP 102 3))) , (ADVP=3 up (NP 4))) .)) (TOP (S (NP-SBJ (NP Freddie Mac 's) (ADJP 9 %) issue) (VP ended (PP-CLR at (NP (QP 97 19))) , (ADVP up (NP 2))) .)) (TOP (S (PP-LOC In (NP the derivative market)) , (NP-SBJ insurance companies) (VP have (VP scaled (PRT back) (NP (NP their purchases) (PP of (NP (NP Remic securities) , or (NP real estate mortgage investment conduits) ,))) (SBAR-TMP as (S (NP-SBJ they) (VP assess (NP (NP potential claims) (PP from (NP the (NX (NX recent California earthquake) and (NX (NX hurricane) (PP-LOC in (NP the Carolinas)))))))))))) .)) (TOP (S (NP-SBJ This) (VP could (VP mean (NP (NP diminished issuance) (PP of (NP derivative mortgage issues)) (PP-TMP during (NP the next few weeks))))) .)) (TOP (S (NP-SBJ Insurance companies) (VP have (VP been (NP-PRD (NP major buyers) (PP of (NP (NP prepayment-protected planned amortization classes) (PRN -LRB- (NP PACs) -RRB-)))) (PP-TMP during (NP the past few months)))) .)) (TOP (S (NP-SBJ The PACs) (VP appeal (PP-CLR to (NP (NP insurance companies) and (NP other investors))) (SBAR-PRP because (S (NP-SBJ they) (VP (VP have (NP (NP higher yields) (PP than (NP topgrade corporate bonds)))) and (VP carry (NP (NP the guarantee) (PP of (NP (NP (NP Freddie Mac) and (NP Fannie Mae)) , (NP quasi-federal agencies))))))))) .)) (TOP (S (PP-LOC In (NP the asset-backed market)) , (NP-SBJ Beneficial Corp.) (VP offered (NP (NP (NP (QP $ 248 million) *U*) (PP of (NP (NP securities) (VP backed (NP *) (PP by (NP-LGS home-equity loans)))))) , (NP (NP the second large deal) (PP-TMP in (NP the past week))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ (NP a unit) (PP of (NP MNC Financial Corp.))) (VP offered (NP (NP (QP $ 268 million) *U*) (PP of (NP home-equity securities)))) .)) (TOP (S (NP-SBJ-2 Both the MNC and Beneficial offering) (VP were (VP underwritten (NP *-2) (PP by (NP-LGS (NP Merrill Lynch Capital Markets) , (NP (NP the leading Wall Street firm) (PP-LOC in (NP the home-equity securities market))) , (SBAR (WHNP-3 which) (S (NP-SBJ-1 *T*-3) (VP was (VP created (NP *-1) (NP-TMP early this year))))))))) .)) (TOP (NP-HLN Municipal Issues)) (TOP (S (S (NP-SBJ (NP (NP The improved tone) (PP-LOC in (NP the municipal market))) , (ADVP largely) (NP (NP an offshoot) (PP of (NP (NP the New York City sale 's) reception))) ,) (VP helped (S (NP-SBJ municipal futures) (VP rebound (PP-DIR from (NP early lows)))))) , but (S (NP-SBJ-1 (NP the spread) (PP between (NP the contract and Tbond futures))) (VP continued (S (NP-SBJ *-1) (VP to (VP grow (ADJP-PRD more negative)))))) .)) (TOP (S (NP-SBJ-1 The (NX (NX MOB spread) , or (NX (NX difference) (PP between (NP the (ADJP municipal and T-bond) futures contracts))) ,)) (VP has (VP been (PP-LOC-PRD near (NP all-time lows)) (PP-LOC in (NP recent trading)) , (S-ADV (NP-SBJ-2 *-1) (VP driven (NP *-2) (ADVP basically) (PP by (NP-LGS concerns (SBAR that (S (NP-SBJ new-issue supply) (VP would (VP overwhelm (NP demand))))))))))) .)) (TOP (S (NP-SBJ-1 December municipal futures) (VP ended (ADVP-CLR up (NP 11 point) (PP to (NP 92-14))) , (S-ADV (NP-SBJ *-1) (VP having (VP pulled (PP-CLR off (NP (NP a morning low) (PP of (NP 91-23)))) (SBAR-TMP as (S (NP-SBJ cash municipals) (VP rebounded))))))) .)) (TOP (S But (NP-SBJ front month T-bond futures) (VP settled (NP the afternoon session) (ADVP-CLR up (NP a (ADJP slightly greater) 13)) (PP-CLR at (NP 99-04))) .)) (TOP (NP-HLN Foreign Bonds)) (TOP (S (NP-SBJ-1 British government bonds) (VP ended (ADVP-CLR moderately higher) , (S-ADV (NP-SBJ-2 *-1) (VP encouraged (NP *-2) (PP by (NP-LGS (NP a steadier pound) and (NP (NP a rise) (PP-LOC in (NP British stocks)))))))) .)) (TOP (S (NP-SBJ-1 (NP The benchmark (ADJP (QP 11 3) %) bond) (ADJP due (NP-TMP 2003))) (VP rose (NP-EXT 10) (PP-DIR-CLR to (NP (QP 111 14))) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP yield (NP 10.14 %)))) , (SBAR-ADV while (S (NP-SBJ-2 (NP (NP the Treasury 's) (ADJP 12 %) notes) (ADJP due (NP-TMP 1995))) (VP rose (NP-EXT 7) (PP-DIR to (NP 103 5)) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP yield (NP 11.04 %)))))))) .)) (TOP (S (NP-SBJ West German government bonds) (VP fell (NP-EXT (QP as much as 0.60) point) (PP-LOC in (NP light , nervous trading))) .)) (TOP (S (NP-SBJ-1 (NP The (ADJP 7 %) Treasury bond) (ADJP due (NP-TMP October 1999))) (VP ended (ADVP-CLR off (NP 0.60 point) (PP to (NP 99.35))) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP yield (NP 7.09 %)))) , (SBAR-ADV while (S (NP-SBJ-2 (NP the (ADJP (QP 6 3) %) notes) (ADJP due (NP 1994))) (VP fell (NP-EXT 0.35 point) (PP-DIR to (NP 97.25)) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP yield (NP 7.45 %)))))))) .)) (TOP (S (NP-SBJ-1 Japanese government bonds) (VP continued (S (NP-SBJ *-1) (VP to (VP erode))) (SBAR-ADV as (S (NP-SBJ the dollar) (VP remained (ADJP-PRD resilient (PP against (NP the yen))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Japan 's) No. 111 (ADJP 4.6 %) bond) (ADJP due (NP-TMP 1998))) (VP ended (NP-TMP the day) (PP-LOC on (NP brokers screens)) (PP-CLR at (NP 95.11)) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP yield (NP 5.43 %))))) .)) (TOP (S (NP-SBJ So-called cross-border acquisitions) (VP totaled (NP (QP $ 23.1 billion) *U*) (PP-TMP in (NP the second quarter)) , (ADVP down (PP from (NP (QP $ 33.6 billion) *U*) (ADVP-TMP (NP a year) earlier))) , (PP according (PP to (NP the accounting firm KPMG Peat Marwick)))) .)) (TOP (S (PP-LOC In (NP a cross-border transaction)) , (NP-SBJ the buyer) (VP is (PP-LOC-PRD in (NP (NP a different region) (PP of (NP the globe)) (PP from (NP the target))))) .)) (TOP (S (NP-SBJ Such transactions) (VP numbered (NP 670) (PP-TMP in (NP the second quarter)) , (ADVP up (PP from (NP 527) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (ADVP However) , (NP-SBJ the total value) (VP declined (PP for (NP (NP deals) (PP of (NP (QP $ 100 million and up) *U*))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The downturn) (PP in (NP total value))) (VP may (VP be (ADVP only) (ADJP-PRD temporary)))) , (VP suggested (SBAR 0 (S *T*-1))) (NP-SBJ (NP Herb Adler) , (NP a KPMG Peat Marwick partner)) .)) (TOP (S (NP-SBJ He) (VP explained (PRN , (PP in (NP part)) ,) (SBAR that (S (S-NOM-SBJ (NP-SBJ-1 *) (VP restructuring (S-PRP (NP-SBJ *-1) (VP to (VP prepare (PP-CLR for (NP (NP the Common Market expansion) (ADJP due (PP-TMP in (NP 1992)))))))))) `` (VP has (VP become (NP-PRD (NP more) (PP of (NP a strategic priority))) , (PP both for (NP (NP companies) (PP-LOC inside and outside (NP the European Community)))))) . ''))))) (TOP (S (S-TPC-1 (PP-TMP In (NP the second quarter)) , (NP-SBJ (NP middle-market cross-border transactions) -- (NP (NP deals) (PP under (NP (NP (QP $ 100 million) *U*) (NP-ADV each)))) --) (VP (VP numbered (NP 619)) and (VP totaled (NP (QP $ 6 billion) *U*)) , (PP compared (PP with (NP (NP 478 such transactions) (VP totaling (NP (QP $ 4.9 billion) *U*) (ADVP-TMP (NP a year) earlier))))))) , (NP-SBJ the firm) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ Large cross-border deals) (VP (VP numbered (NP 51)) and (VP totaled (NP (QP $ 17.1 billion) *U*)) (PP-TMP in (NP the second quarter)))) , (NP-SBJ the firm) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ That) (VP compared (PP-CLR with (NP (NP 49 such transactions) (VP totaling (NP (QP $ 28.7 billion) *U*)) (ADVP-TMP (NP as year) earlier)))) .)) (TOP (S (NP-SBJ Rymer Foods Inc.) (VP said (SBAR 0 (S (NP-SBJ its board) (VP authorized (NP (NP the purchase) (PP of (NP (NP (QP as many as 500,000)) (PP of (NP its common stock purchase warrants)))) (PP at (NP (NP a price) (PP of (NP (NP $ 4 *U*) (NP-ADV a warrant)))))))))) .)) (TOP (S (NP-SBJ (NP The food company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP (NP 720,000 warrants) and (NP (QP about 2.9 million) common shares)) (ADJP outstanding))))) ,) (VP said (SBAR 0 (S (NP-SBJ-3 it) (VP may (VP increase (NP the offer) (S-PRP (NP-SBJ *-3) (VP to (VP purchase (NP (NP any or all warrants) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP are (VP (ADVP-MNR properly) tendered))))))))))))) .)) (TOP (S (NP-SBJ A warrant) (VP permits (S (NP-SBJ a holder) (VP to (VP acquire (NP (NP one share) (PP of (NP common stock))) (PP-CLR for (NP (NP $ 17.50 *U*) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ-1 The warrants) (VP (VP expire (PP-TMP-CLR on (NP Oct. 15 , 1992))) , and (VP may (VP be (VP called (NP *-1) (PP by (NP-LGS the company)) (PP-CLR at (NP (NP a price) (PP of (NP $ 5.25 *U*)))))))) .)) (TOP (S (NP-SBJ-1 The offer) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP expire (PP-TMP-CLR on (NP Nov. 28))))) , (SBAR-ADV unless (S (NP-SBJ *-1) (VP extended))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Rymer) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 10.875 *U*)) , (ADVP down (NP 12.5 cents))) .)) (TOP (NP-HLN Seasonal Stackup)) (TOP (S (NP-SBJ-2 Air-traffic problems) , (SBAR-ADV though (S (NP-SBJ *-2) (ADVP-TMP often) (ADJP-PRD quite grim))) , (NP-TMP (NP This time) (PP of (NP year))) (VP leave (NP us) (PP-CLR in (NP stitches)) , (SBAR (WHADVP-1 When) (S (NP-SBJ we) (VP notice (PP-LOC around (NP our airport)) (NP (NP A holding pattern) (PP for (NP witches))) (ADVP-TMP *T*-1))))) .)) (TOP (NP -- Edward F. Dempsey .)) (TOP (NP-HLN Double-Jointed)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP am (PP-LOC-PRD beside (NP myself)))) , '' (NP-SBJ-2 I) (VP 've (VP said (S *T*-1) (PP-TMP in (NP (NP moments) (PP of (NP heat)))) , (PP Without (S-NOM (NP-SBJ-3 *-2) (ADVP-TMP ever) (VP bothering (S (NP-SBJ *-3) (VP To (VP marvel (PP-CLR at (NP the feat)))))))))) .)) (TOP (NP -- Joshua Adams .)) (TOP (NP-HLN Humility Helper)) (TOP (S (NP-SBJ (NP The ultimate blow) (PP to (NP the ego))) (VP is (VP learning (SBAR that (S (NP-SBJ-1 even your mistakes) (VP go (S-CLR (NP-SBJ *-1) (ADJP-PRD unnoticed))))))) .)) (TOP (NP -- Ivern Ball .)) (TOP (S (NP-SBJ (NP Gen-Probe Inc.) , (NP a biotechnology concern) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP a definitive agreement (S (NP-SBJ-1 *) (VP to (VP be (VP acquired (NP *-1) (PP by (NP-LGS (NP Chugai Pharmaceutical Co.) (PP of (NP Tokyo)))) (PP-CLR for (NP (NP (QP about $ 110 million) *U*) , or (NP (NP (QP almost double) the market price) (PP of (NP (NP Gen-Probe 's) stock)))))))))))))) .)) (TOP (S (NP-SBJ-1 The move) (VP is (ADJP-PRD sure (S (NP-SBJ *-1) (VP to (VP heighten (NP (NP concerns) (PP about (NP (NP increased Japanese investment) (PP-LOC in (NP U.S. biotechnology firms)))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP is (ADVP also) (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP bolster (NP fears (SBAR that (S (NP-SBJ-2 the Japanese) (VP will (VP use (NP (NP their foothold) (PP-LOC in (NP U.S. biotechnology concerns))) (S-CLR (NP-SBJ *-2) (VP to (VP gain (NP certain (UCP trade and competitive) advantages)))))))))))))) .)) (TOP (S (NP-SBJ (NP Gen-Probe) , (NP (NP an industry leader) (PP-LOC in (NP (NP the field) (PP of (NP (NP genetic probes) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (NP-PRD (NP a new technology) (VP used (NP *) (PP-LOC in (NP diagnostic tests)))))))))))) ,) (NP-TMP last year) (VP signed (NP an agreement (SBAR for (S (NP-SBJ Chugai) (VP to (VP (ADVP exclusively) market (NP (NP its diagnostic products) (PP *ICH*-1)) (PP-LOC in (NP Japan)) (PP-1 for (NP (NP infectious diseases) and (NP cancer))))))))) .)) (TOP (S (NP-SBJ-1 Chugai) (VP agreed (ADVP-TMP then) (S (NP-SBJ *-1) (VP to (VP fund (NP certain associated research and development costs))))) .)) (TOP (S (S (NP-SBJ That arrangement) (ADVP apparently) (VP has (VP worked (ADVP-MNR well)))) , and (S (NP-SBJ (NP Thomas A. Bologna) , (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP (NP Gen-Probe) , (VP founded (NP *) (PP-TMP in (NP 1983)))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the sale) (PP of (NP the company))) (VP means (SBAR 0 `` (S (NP-SBJ-1 we) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP concentrate (PP-CLR on (S-NOM (NP-SBJ *) (VP (VP running (NP the business)) (CONJP rather than) (VP (ADVP-TMP always) looking (PP-CLR for (NP (NP sources) (PP of (NP financing))))))))))))))))))))) . '')) (TOP (S (NP-SBJ-1 Chugai) (VP agreed (S (NP-SBJ *-1) (VP to (VP pay (NP (NP $ 6.25 *U*) (NP-ADV a share)) (PP-CLR for (NP (NP (NP Gen-Probe 's) (QP 17.6 million) common shares) (ADJP outstanding))) (PP on (NP a (ADJP fully diluted) basis)))))) .)) (TOP (S (NP-TMP Yesterday) , (PP-LOC in (NP (NP national trading) (PP-LOC in (NP the over-the-counter market)))) , (NP-SBJ Gen-Probe common) (VP closed (PP-CLR at (NP (NP $ 3.25 *U*) (NP-ADV a share)))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ the U.S.) (VP leads (PP-CLR in (NP (NP most areas) (PP of (NP biotechnology)))) -- (PP-PRP (ADVP largely) because of (NP (NP research investment) (PP by (NP-LGS the U.S. government)))) --))) (NP-SBJ-1 the sale) (VP is (ADJP-PRD sure (S (NP-SBJ *-1) (VP to (VP increase (NP concerns (SBAR that (S (NP-SBJ-2 Japanese companies) (VP will (VP (VP buy (NP American know-how)) and (VP use (NP it) (S-CLR (NP-SBJ *-2) (VP to (VP obtain (NP the upper hand) (PP-LOC in (NP biotechnology trade and competition)))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The biotechnology firms) (VP may (VP be (VP setting (PRT up) (NP their own competitors))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Richard Godown) , (NP (NP president) (PP of (NP the Industrial Biotechnology Association)))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (PP-TMP until (ADVP now)) (NP-SBJ the Japanese) (VP have (VP (ADVP only) acquired (NP (NP equity positions) (PP-LOC in (NP U.S. biotechnology companies)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ They) (VP are (VP piggybacking (PP-CLR onto (NP developed technology))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (PP-TMP During (NP the past five years)) , (NP-SBJ Japanese concerns) (VP have (VP invested (PP-CLR in (NP (NP several) (PP of (NP (NP the U.S. 's) 431 independent biotechnology companies)))))) .)) (TOP (S (S (NP-SBJ Chugai) (VP has (VP been (NP-PRD (NP one) (PP of (NP (NP the (ADJP most active) Japanese players) (PP-LOC in (NP U.S. biotechnology companies)))))))) ; (S (NP-SBJ it) (VP has (NP (NP (NP an equity investment) (PP-LOC in (NP (NP Genetics Institute Inc.) , (NP-LOC (NP Cambridge) , (NP Mass.) ,)))) and (NP (NP a joint-venture agreement) (PP with (NP (NP Upjohn Co.) , (NP-LOC (NP Kalamazoo) , (NP Mich)))))))) .)) (TOP (S-1 (NP-SBJ The Japanese government) (PRN , (S (NP-SBJ Mr. Godown) (VP said (SBAR 0 (S *T*-1)))) ,) (VP has (VP stated (SBAR that (S (NP-SBJ it) (VP wants (S (NP-SBJ (NP (QP 10 % to 11 %) *U*) (PP of (NP its gross national product))) (VP to (VP come (PP-CLR from (NP biotechnology products)))))))))) .)) (TOP (S `` (S-1 (NP-SBJ It) (VP is (VP becoming (NP-PRD (NP more) (PP of (NP (NP a horse race) (PP *ICH*-2)))) (NP-TMP every day) (PP-2 between (NP (NP the U.S.) and (NP Japan)))))) , '' (NP-SBJ-3 he) (VP said (S *T*-1) , (S-ADV (NP-SBJ *-3) (VP adding (SBAR that (S (NP-SBJ some) (VP fear (SBAR that (S (PP as (PP with (NP the semiconductor , electronics , and automobile industries))) , (NP-SBJ-4 Japanese companies) (VP will (VP use (NP U.S.-developed technology) (S-CLR (NP-SBJ *-4) (VP to (VP gain (NP trade advantages)))))))))))))) .)) (TOP (S (NP-SBJ Mr. Bologna) (VP said (SBAR 0 (S (NP-SBJ the sale) (VP would (VP allow (S (NP-SBJ-1 Gen-Probe) (VP (VP to (VP speed (PRT up) (NP (NP the development) (PP of (NP new technology))))) , and (VP to (ADVP-MNR more quickly) (VP apply (NP existing technology) (PP-CLR to (NP (NP an array) (PP of (NP (NP diagnostic products) (SBAR (WHNP-2 0) (S (NP-SBJ-3 the company) (VP wants (S (NP-SBJ *-3) (VP to (VP offer (NP *T*-2)))))))))))))))))))) .)) (TOP (S (PP-TMP By (NP (NP 1988) , (SBAR (WHADVP-3 when) (S (NP-SBJ-2 (NP (QP only 10) genetic probe-based tests) (PP of (NP (NP diagnostic infectious diseases) (PP of (NP humans))))) (VP had (VP been (VP approved (NP *-2) (PP-PRP for (NP marketing)) (PP by (NP-LGS the Food and Drug Administration)) (ADVP-TMP *T*-3)))))))) , (NP-SBJ-4 (NP eight) (PP of (NP them))) (VP had (VP been (VP developed and sold (NP *-4) (PP by (NP-LGS Gen-Probe))))) .)) (TOP (S (NP-SBJ-3 (NP Osamu Nagayama) , (NP (NP deputy president) (PP of (NP (NP Chugai) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP spends (NP (NP (QP about 15) %) (PP of (NP its sales))) (PP-CLR on (NP research and development)))))))) ,) (VP was (ADJP-PRD unable (S (NP-SBJ *-3) (VP to (VP pinpoint (SBAR (WHNP-2 (WHADJP how much) money) (S (NP-SBJ Chugai) (VP would (VP pump (NP *T*-2) (PP-CLR into (NP Gen-Probe))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ Gen-Probe) (VP has (NP (NP technology) (ADJP important (PP to (NP (NP people 's) health))))))))) , '' (NP-SBJ-3 he) (VP said (S *T*-1) , (S-ADV (NP-SBJ *-3) (VP adding : `` (S (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-4)) (VP is (ADJP-PRD important) (SBAR-4 for (S (NP-SBJ us) (VP to (VP have (NP such technology))))))))))))) . '')) (TOP (S (NP-SBJ (NP He) and (NP Mr. Bologna)) (VP emphasized (SBAR that (S (NP-SBJ both companies) (VP would (VP gain (NP technological knowledge) (PP-MNR through (NP (NP the sale) (PP of (NP (NP Gen-Probe) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP expand `` (ADVP significantly) '' (PP as (NP (NP a result) (PP of (NP the acquisition))))))))))))))))) .)) (TOP (S (PP-TMP In (NP 1988)) , (NP-SBJ Chugai) (VP had (NP (NP net income) (PP of (NP (QP $ 60 million) *U*))) (PP on (NP (NP revenue) (PP of (NP (QP $ 991 million) *U*))))) .)) (TOP (S (NP-SBJ GenProbe) (VP had (NP (NP a net loss) (PP of (NP (QP $ 9.5 million) *U*))) (PP on (NP (NP revenue) (PP of (NP $ 5.8 million *U*))))) .)) (TOP (S (ADVP-TMP Recently) , (NP-SBJ Gen-Probe) (VP received (NP (NP a broad U.S. patent) (PP for (NP (NP a technology) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP helps (VP detect , identify and quantify (NP non-viral organisms) (PP-MNR through (NP (NP the targeting) (PP of (NP (NP a form) (PP of (NP (NP genetic material) (VP called (S (NP-SBJ *) (NP-PRD ribosomal RNA))))))))))))))))) .)) (TOP (S (PP Among (NP other things)) , (NP-SBJ Mr. Bologna) (VP said (SBAR that (S (NP-SBJ the sale) (VP will (VP facilitate (NP (NP (NP Gen-Probe 's) marketing) (PP of (NP (NP a diagnostic test) (PP for (NP (NP acquired immune deficiency syndrome) , or (NP AIDS))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Chugai) (ADVP also) (VP will (VP help (NP Gen-Probe) (PP-MNR with (NP (NP its (ADJP regulatory and marketing) expertise) (PP-LOC in (NP Asia))))))) , (NP-SBJ Mr. Bologna) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The tender offer) (PP for (NP (NP Gen-Probe 's) shares))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP begin (NP-TMP-CLR next Monday))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 It) (VP was (VP supposed (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a routine courtesy call)))))) .)) (TOP (S (NP-SBJ-1 A half-dozen Soviet space officials) , (PP-LOC in (NP Tokyo)) (PP-TMP in (NP July)) (PP-PRP for (NP an exhibit)) , (VP stopped (PRT by) (S-PRP (NP-SBJ *-1) (VP to (VP see (NP (NP their counterparts) (PP-LOC at (NP (NP the National Space Development Agency) (PP of (NP Japan))))))))) .)) (TOP (S But (PP-TMP after (NP a few pleasantries)) , (NP-SBJ the Soviets) (ADVP unexpectedly) (VP got (ADJP-PRD serious)) .)) (TOP (S (S-TPC-1 (NP-SBJ The Soviets) (VP have (NP a world-leading space program))) , (NP-SBJ the guests) (VP noted (SBAR 0 (S *T*-1))) .)) (TOP (SQ Would n't (NP-SBJ the Japanese) (VP like (NP (NP a piece) (PP of (NP it)))) ?)) (TOP (S (NP-SBJ The visitors) (ADVP-TMP then) (VP listed (NP (NP technologies) (PP up (PP for (NP sale))) , (PP including (NP (NP launch services) and (NP propulsion hardware))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP were (ADVP just) (ADJP-PRD surprised))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Tad Inada) , (NP (NP (NP NASDA 's) director) (PP for (NP international affairs)))) .)) (TOP (FRAG `` (ADJP Shocked) . '')) (TOP (S (SBAR-SBJ That (S (NP-SBJ-1 Moscow) , (PP with (NP its dilapidated economic machine)) , (VP would (VP try (S (NP-SBJ *-1) (VP to (VP sell (NP high technology) (PP-DTV to (NP (NP Japan) , (NP (NP one) (PP of (NP (NP the world 's) high-tech leaders))) ,))))))))) (VP sounds (PP-CLR like (NP a coals-to-Newcastle notion))) .)) (TOP (SINV But `` (S-TPC-2 (NP-SBJ the Soviet Union) (VP has (NP (NP areas) (SBAR (WHADVP-1 where) (S (NP-SBJ it) (VP is n't (PP-LOC-PRD behind (NP Japan)) (ADVP-LOC *T*-1))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mikhail Shapovalov) (PP of (NP (NP the Soviet Ministry) (PP of (NP Foreign Economic Relations))))) .)) (TOP (S `` (NP-SBJ We) (VP have (VP obtained (PP-MNR through (NP (NP the development) (PP of (NP (NP Cosmos) (PRN -LCB- (NP the Soviet space program) -RCB-))))) (NP (NP technologies) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP do n't (VP see (NP *T*-1) (ADVP-LOC anywhere else)))))))) . '')) (TOP (S (NP-SBJ The sales pitch) (VP might n't (VP be (ADJP-PRD (ADJP as farfetched) (SBAR as (S (NP-SBJ it) (VP seems (ADJP-PRD *?*))))))) .)) (TOP (S (S (NP-SBJ Japan-U.S. trade relations) (VP are (ADJP-PRD bumpy) (NP-TMP these days))) , and (S (NP-SBJ-3 some Japanese) (VP favor (S (NP-SBJ *-3) (VP decreasing (NP (NP their reliance) (PP on (NP U.S. technology))))) (PP in (NP (NP light) (PP of (NP (NP the FSX fighter-plane flap) , (SBAR (WHADVP-1 when) (S (NP-SBJ-2 U.S. officials) (VP (VP reversed (NP an earlier decision)) and (VP refused (S (NP-SBJ *-2) (VP to (VP share (NP certain crucial fighter-plane technology))))) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S And , (PP despite (NP (NP its image) (PP as (NP a technology superpower)))) , (NP-SBJ Japan) (VP has (NP (NP a lot) (PP of (NP weaknesses)))) .)) (TOP (S (NP-SBJ It) (VP (VP 's (NP-PRD-2 (NP a world leader) (PP-LOC in (NP semiconductors)))) , but (PP-LOC-PRD=2 behind (NP the U.S.)) (PP-LOC in (S-NOM (NP-SBJ *) (VP making (NP (NP the computers) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP use (NP those chips))))))))) .)) (TOP (S (S (NP-SBJ It) (VP 's (NP-PRD (NP a world leader) (PP-LOC in (NP auto manufacturing))))) , but (S (S (NP-SBJ its aviation industry) (VP is (VP struggling))) , and (S (NP-SBJ its space program) (VP is (PP-LOC-PRD (NP-ADV years) behind (NP (NP the U.S.) , (NP the Europeans) and (NP the Soviets)))))) .)) (TOP (S (NP-SBJ (NP One question) (VP being (VP debated (NP *) (PP-LOC in (NP the Soviet Union))))) (VP is (SBAR-PRD (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP use (NP (NP the defense sector 's) research-and-production expertise) (PP-LOC in (NP (NP the rest) (PP of (NP the economy)))) (ADVP-MNR *T*-1)))))) .)) (TOP (S (NP-SBJ-2 (NP Many plants) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP used (S (NP-SBJ *-3) (VP to (VP make (NP military equipment)))))))) (VP are (ADVP-TMP now) (VP being (VP ordered (S (NP-SBJ *-2) (VP to (VP produce (NP (NP televisions) , (NP videocassette recorders) , (NP small tractors) and (NP food-processing machinery)))))))) .)) (TOP (S (NP-SBJ-2 The Soviets) (ADVP also) (VP hope (S (NP-SBJ *-2) (VP to (VP make (NP (NP better use) (PP of (NP (NP their considerable expertise) (PP-LOC in (NP theoretical science)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP helped (S (NP-SBJ them) (VP win (NP (NP (QP twice as many) Nobel science prizes) (PP as (NP the Japanese)))))))))))))))) .)) (TOP (S (SBAR-SBJ (WHADVP-1 Where) (S (NP-SBJ they) (VP lag (PP-LOC behind (NP the Japanese)) (ADVP-LOC *T*-1)))) (VP is (PP-LOC-PRD in (S-NOM (NP-SBJ *) (VP turning (NP the scientific inventiveness) (PP-CLR into (NP improved production)))))) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ the Japanese) (VP have (VP proved (ADJP-PRD adept (PP at (S-NOM (NP-SBJ *) (VP making (NP (NP use) (PP of (NP Soviet inventions))))))))) .)) (TOP (S (NP-SBJ Kobe Steel Ltd.) (VP (VP adopted (NP Soviet casting technology) (PP-TMP in (NP 1966))) and (VP used (NP it) (PP-TMP for (NP 14 years)) (SBAR-TMP until (S (NP-SBJ it) (VP developed (NP its own system)))))) .)) (TOP (S (NP-SBJ Kawasaki Steel Corp.) (VP (VP bought (NP a Soviet steel-casting patent) (ADVP-TMP (NP two years) ago)) and (VP has (ADVP-MNR jointly) (VP developed (NP the system) (PP with (NP the Soviets))))) .)) (TOP (S (PP-TMP In (NP 1991)) , (NP-SBJ the Soviets) (VP will (VP take (NP (NP a Japanese journalist) (NP *ICH*-1)) (PP-DIR into (NP space)) , (NP-1 (NP the first Japanese) (S (NP-SBJ *) (VP to (VP go (PP-DIR into (NP orbit)))))))) .)) (TOP (S (NP-SBJ-1 Soviet efforts (S (NP-SBJ *) (VP to (VP sell (NP their technology) (ADVP-LOC abroad))))) (VP do n't (VP appear (S (NP-SBJ *-1) (VP to (VP worry (NP (NP the U.S.) , (NP (NP Japan 's) principal ally))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP have (ADVP-TMP never) (VP opposed (NP (NP the development) (PP of (NP (NP economic relations) (PP between (NP (NP our allies) and (NP the Soviet Union))))))))) , '' (VP says (S *T*-1)) (NP-SBJ a State Department official) .)) (TOP (S `` (ADVP Frankly) , (NP-SBJ I) (VP would n't (VP expect (S (NP-SBJ the Japanese) (VP to (VP get (ADJP-PRD hooked (PP on (NP (NP (NP anybody 's) technology) , (ADVP least (PP of (NP all))) (NP the Soviets))))))))) . '')) (TOP (S (PP-LOC Under (NP (NP Mikhail Gorbachev 's) perestroika)) , (NP-SBJ the Soviets) (VP have (VP sought (NP (NP economic ties) (PP *ICH*-1)) (PP-LOC (ADVP all) over (NP the world)) , (PP-1 including (NP new export markets)))) .)) (TOP (S (S (NP-SBJ They) (VP believe (SBAR 0 (S (NP-SBJ technology) (VP is (NP-PRD (NP one) (PP of (NP their best bets)))))))) , and (S (NP-SBJ some Soviet officials) (VP say (SBAR 0 (S (NP-SBJ-1 Moscow) (VP will (ADVP even) (VP consider (S (NP-SBJ *-1) (VP declassifying (NP military know-how))) (SBAR-ADV if (S (NP-SBJ the price) (VP is (ADJP-PRD right)))))))))) .)) (TOP (S (NP-SBJ The Soviets) (VP held (NP (NP export exhibitions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP included (NP high-tech items))))) (PP-LOC in (NP (NP New York) and (NP West Germany)))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ-1 a Soviet delegation) (VP came (PP-DIR to (NP Japan)) (S-PRP (NP-SBJ *-1) (VP to (VP push (NP more space technologies))))) .)) (TOP (S (NP-SBJ Japan) (VP is (NP-PRD (NP a major target) (PP for (NP the Soviets)))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ-2 (NP representatives) (PP of (NP (NP Keidanren) , (NP (NP Japan 's) largest business organization) ,))) (VP visited (NP Moscow) (S-PRP (NP-SBJ *-2) (VP to (VP explore (NP (NP exports and investments) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP help (NP the Soviet economy)))))))))) .)) (TOP (S (PP Out (PP of (NP the blue))) , (NP-SBJ (NP the Soviet Chamber) (PP of (NP Commerce))) (VP handed (PRT over) (NP (NP details) (PP on (NP (NP 59 technologies) (SBAR (WHNP that) (S (NP-SBJ-1 the Japanese) (VP might (VP want (S (NP-SBJ *-1) (VP to (VP buy))))))))))) .)) (TOP (S (NP-SBJ These) (ADVP mainly) (VP involved (NP (NP such areas) (PP as (NP (NP (NP materials) (PRN -- (NP advanced soldering machines) , (PP for (NP example)) --)) and (NP (NP medical developments) (VP derived (NP *) (PP-CLR from (NP (NP experimentation) (PP-LOC in (NP space))))) , (PP such as (NP artificial blood vessels))))))) .)) (TOP (S (NP-SBJ A main motive) (VP is (NP-PRD hard cash)) .)) (TOP (S But , (SBAR-ADV while (S (NP-SBJ the Soviets) (VP ca n't (VP expect (NP (NP direct technology flow) (PP-DIR from (NP Japan))))))) , (NP-SBJ-1 they) (ADVP also) (VP hope (S (NP-SBJ *-1) (VP to (VP benefit (PP-CLR from (NP Japanese manufacturing expertise)))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ The Soviet Union) (VP has (NP (NP a lot) (PP of (NP know-how))))) , but (S (NP-SBJ (NP it) (S *EXP*-1)) (VP has (VP been (ADJP-PRD difficult) (S-1 (NP-SBJ *) (VP to (VP put (NP that) (PP-PUT into (NP actual production))))) (PP-PRP because of (NP (NP various structural problems) (PP-LOC in (NP the economy)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Shapovalov) , (NP the Foreign Ministry official)) .)) (TOP (S (S-TPC-3 (NP-SBJ The Soviets) (VP are `` (VP contemplating (NP (NP a flexible system) (SBAR (WHPP-1 under (WHNP which)) (S (NP-SBJ (NP it) (S *EXP*-2)) (VP would (VP be (ADJP-PRD possible) (S-2 (NP-SBJ *) (VP (VP to (VP develop -LCB- (NP technology) -RCB- (ADVP-MNR jointly))) and (ADVP even) (VP to (VP market (NP it) (ADVP-MNR jointly))))) (PP-LOC *T*-1)))))))) , '') (NP-SBJ he) (VP says (SBAR 0 (S *T*-3))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ the Japanese) (VP find (S (NP-SBJ Soviet technology) (ADJP-PRD desirable))))) , (NP-SBJ such discussions) (VP would (VP be (ADJP-PRD fraught (PP with (NP political complications))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADVP Still) (VP stinging (PP-CLR from (NP (NP the international backlash) (PP over (NP (NP the sale) (ADVP-TMP (NP two years) ago) (PP of (NP sensitive military technology)) (PP-DTV to (NP the Soviets)) (PP by (NP (NP a subsidiary) (PP of (NP (NP Japan 's) Toshiba Corp.)))))))))) , (NP-SBJ-1 many Japanese) (VP are (ADJP-PRD eager (S (NP-SBJ-2 *-1) (VP to (VP avoid (S (NP-SBJ-3 *-2) (VP appearing (S (NP-SBJ *-3) (VP to (VP help (NP the Soviets) (PP-MNR in (NP any way)))))))))))) .)) (TOP (S (NP-SBJ Another hurdle) (VP concerns (NP (NP Japan 's) attempts (S (NP-SBJ *) (VP to (VP persuade (NP-1 the Soviet Union) (S (NP-SBJ *-1) (VP to (VP relinquish (NP (NP its post-World War II control) (PP of (NP (NP four islands) (ADVP-LOC north (PP of (NP Japan)))))))))))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ the Soviets) (VP have (VP provided (NP (NP only the sketchiest information) (PP about (NP their technology and business plans))))) .)) (TOP (S And (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ they) (VP have (VP shown (NP *T*-1))))) (VP is n't (ADJP-PRD impressive)) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ My impression) (VP is (SBAR-PRD that (S (NP-SBJ there) (VP is n't (NP-PRD (NP anything) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP arouses (NP our interest) (PP-TMP at (NP first glance))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP an official) (PP from (NP (NP (NP Japan 's) Ministry) (PP of (NP International Trade and Industry))))) .)) (TOP (S (NP-SBJ (NP Peter Gumbel) (PP-LOC in (NP Moscow))) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S -LRB- (PP-TMP During (NP its centennial year)) , (NP-SBJ The Wall Street Journal) (VP will (VP report (NP (NP events) (PP of (NP the past century)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stand (PP-CLR as (NP (NP milestones) (PP of (NP American business history)))))))))) . -RRB-)) (TOP (S-HLN (NP-SBJ MAY 1 , 1975 ,) (VP SIGNALED (NP A DISTRESSFUL May Day) (PP for (NP (NP securities houses) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP were (VP forced (S (NP-SBJ *-2) (VP to (VP end (NP (NP 183 years) (PP of (S-NOM (NP-SBJ *) (VP charging (NP fixed commissions))))))))))))))) .)) (TOP (S (S (NP-SBJ It) (VP scared (NP brokers))) , but (S (NP-SBJ most) (VP survived)) .)) (TOP (S (NP-SBJ It) (VP took (NP-CLR effect) (PP-TMP after (NP (NP seven years) (PP of (NP (NP bitter debate) (PP between (NP (NP the Securities and Exchange Commission) and (NP traders and exchanges)))))))) .)) (TOP (S (PP Despite (NP (NP warnings (SBAR *ICH*-1)) (PP from (NP (NP such leaders) (PP as (NP former Federal Reserve Board Chairman William McChesney Martin)))) (SBAR-1 that (S (NP-SBJ unfixed commissions) (VP would (VP undo (NP the industry))))))) , (NP-SBJ the SEC) (PP-TMP in (NP September 1973)) (VP said (SBAR 0 (S (NP-SBJ full competition) (VP must (VP start (NP-TMP May l , 1975)))))) .)) (TOP (S (NP-SBJ (NP The timing) (PP for (NP change))) (VP was (ADJP-PRD right)) .)) (TOP (S (NP-SBJ-1 Institutions) (VP (VP had (VP become (NP-PRD active market players) (PP-TMP in (NP the early 1970s)))) and (VP sought (NP exchange seats) (S-PRP (NP-SBJ *-1) (VP to (VP handle (NP their own trades)))))) .)) (TOP (S And (NP-SBJ the industry) (VP was (ADJP-PRD rife (PP with (S-NOM (NP-SBJ-1 brokers) (VP trying (S (NP-SBJ-2 *-1) (VP to (VP secure (NP big client orders) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP using (NP kickbacks , gifts , women and junkets)))))))))))) .)) (TOP (S (PP Within (NP (NP three weeks) (PP of (NP (NP the 1975 end) (PP to (NP fixed rates)))))) (NP-SBJ there) (VP were (NP-PRD all-out price wars) (PP-LOC among (NP (NP brokers) (VP fighting (PP-CLR for (NP institutional business))))) , (PP with (NP (NP rate slashes) (PP of (NP (NP (QP 35 % to 60 %) *U*) (PP below (NP (ADJP pre-May 1) levels))))))) .)) (TOP (S (NP-SBJ (NP Ray Garrett Jr.) , (NP SEC chairman) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the `` breadth and depth) (PP of (NP the discounting))) (VP is (ADJP-PRD (ADJP more) (SBAR than (S (NP-SBJ I) (VP expected (S *?*))))))))) . '')) (TOP (S (NP-SBJ (NP Even a federal measure) (PP-TMP in (NP June)) (VP allowing (S (NP-SBJ houses) (VP to (VP add (NP research fees) (PP-CLR to (NP their commissions))))))) (VP did n't (VP stop (NP it))) .)) (TOP (S (NP-TMP Longer term) , (NP-SBJ the impact) (VP is (ADJP-PRD unclear)) .)) (TOP (S (NP-SBJ The change) (VP prompted (NP (NP (NP the rise) (PP of (NP discount brokers))) and (NP (NP a reduction) (PP-LOC in (NP securities research firms))))) .)) (TOP (S But (NP-SBJ there) (VP are (ADVP-TMP currently) (NP-PRD (NP more exchange members) (PP than (PP-TMP in (NP 1975)))) , (PP with (S-NOM (NP-SBJ the bigger houses) (VP gaining (NP (NP a larger share) (PP of (NP total commissions))))))) .)) (TOP (S (NP-SBJ Commissions) , (ADVP however) , (VP account (PP-CLR for (NP (NP a smaller share) (PP of (NP investment-house business)))) (SBAR-ADV as (S (NP-SBJ takeover advisory fees) (VP have (VP soared))))) .)) (TOP (S (NP-SBJ (NP Foreign stock markets) , (SBAR (WHPP-2 with (WHNP which)) (S (NP-SBJ-1 the U.S.) (VP is (VP entwined (PP-CLR *-2))))) ,) (ADVP also) (VP have (VP ended (NP fixed commissions) (PP-TMP in (NP recent years)))) .)) (TOP (S (NP-SBJ It) (VP came (PP-TMP in (NP (NP (NP London 's) `` Big Bang '' 1986 deregulation) ; and (NP (NP (NP Toronto 's) `` Little Bang '') (NP-TMP the same year))))) .)) (TOP (S (NP-SBJ Paris) (VP is (ADVP-TMP currently) (VP phasing (PRT out) (NP fixed commissions) (PP-TMP under (NP its `` Le Petit Bang '' plan)))) .)) (TOP (S (NP-SBJ President Bush) (VP said (SBAR that (S (NP-SBJ-2 (NP three members) (PP of (NP his cabinet))) (VP will (VP lead (NP a presidential mission) (PP-DIR to (NP Poland)) (S-PRP (NP-SBJ *-2) (VP to (VP gauge (SBAR (WHADVP-1 how) (S (NP-SBJ the U.S.) (VP can (VP help (NP (NP the new non-Communist government 's) economic changes) (ADVP-MNR *T*-1))))))))))))) .)) (TOP (S (NP-SBJ Mr. Bush) (VP announced (ADVP-TMP (NP several weeks) ago) (SBAR that (S (NP-SBJ-1 he) (VP intended (S (NP-SBJ *-1) (VP to (VP send (NP (NP such a mission) , (VP composed (NP *) (PP-CLR of (NP (NP top government aides) and (NP business and labor leaders)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The mission) (VP will (VP visit (NP Poland) (PP-TMP (PP from (NP Nov. 29)) (PP to (NP Dec. 2)))))) , (NP-SBJ the White House) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP In (NP (NP remarks) (PP-LOC at (NP (NP a White House ceremony) (VP marking (NP Polish Heritage Month)))))) , (NP-SBJ Mr. Bush) (VP announced (SBAR that (S (NP-SBJ (NP Agriculture Secretary Clayton Yeutter) , (NP Commerce Secretary Robert Mosbacher) and (NP Labor Secretary Elizabeth Dole)) (VP will (VP lead (NP the U.S. group)))))) .)) (TOP (S (NP-SBJ (NP Michael Boskin) , (NP (NP chairman) (PP of (NP (NP the Council) (PP of (NP Economic Advisers))))) ,) (ADVP also) (VP will (VP be (NP-PRD a member))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the White House) (VP said (SBAR that (S (NP-SBJ (NP (NP Charles Harper) , (NP (NP chairman) (PP of (NP ConAgra Inc.))) ,) and (NP (NP John McGillicuddy) , (NP (NP chairman) (PP of (NP Manufacturers Hanover Corp.))) ,)) (VP will (VP be (PP-LOC-PRD among (NP (NP a group) (PP of (NP (QP at least 15) business and labor representatives)) (PP-LOC in (NP the presidential mission))))))))) .)) (TOP (S (NP-SBJ Mr. Bush) (VP said (SBAR 0 (S (NP-SBJ-2 the group) (VP is (S (NP-SBJ *-2) (VP to `` (VP focus (PP-CLR on (NP (NP economic sectors) (SBAR (WHADVP-1 where) (S (NP-SBJ U.S. expertise and cooperation) (VP can (ADVP indeed) (VP make (NP a difference) (ADVP-LOC *T*-1)))))))))))))) . '')) (TOP (S (NP-SBJ-1 Mr. Bush) (VP (VP has (VP asked (NP-3 Congress) (S (NP-SBJ *-3) (VP to (VP provide (NP (NP (QP more than $ 400 million) *U*) (PP-CLR in (NP (NP economic aid) and (NP food grants)))) (PP for (NP (NP Poland 's) new government))))))) , but (VP has (VP been (VP chided (NP-4 *-1) (PP by (NP-LGS Democrats)) (PP-CLR for (S-NOM (NP-SBJ-2 *-4) (VP failing (S (NP-SBJ *-2) (VP to (VP do (NP more))))))))))) .)) (TOP (S (NP-SBJ Warner Communications Inc.) (VP is (ADVP-LOC-PRD close (PP to (NP an agreement (S (NP-SBJ *) (VP to (VP back (NP a new recorded music and music publishing company) (PP in (NP (NP partnership) (PP with (NP (NP Irving Azoff) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP resigned (PP-TMP in (NP September)) (PP-CLR as (NP (NP head) (PP of (NP (NP MCA Inc. 's) MCA Records unit)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Warner) and (NP Mr. Azoff)) (VP declined (NP comment) , (SBAR-ADV as (SINV did (NP-SBJ (NP MCA) , (SBAR (WHADVP-1 where) (S (NP-SBJ Mr. Azoff) (VP had (ADVP also) (VP been (VP discussing (NP such a venture) (ADVP-LOC *T*-1))))))) (VP *?*)))) .)) (TOP (S But (NP-SBJ (NP record industry executives) (ADJP familiar (PP with (NP the talks)))) (VP said (SBAR 0 (S (NP-SBJ (NP Mr. Azoff) and (NP Warner)) (VP came (PP-CLR to (NP an agreement (S *ICH*-1))) (NP-TMP yesterday) (S-1 (NP-SBJ *) (VP to (VP form (NP (NP a 50-50 joint-venture company) (VP (VP funded (NP *) (PP by (NP-LGS Warner))) and (VP run (NP *) (PP by (NP-LGS Mr. Azoff)))))))))))) .)) (TOP (S-1 (PP Among (NP other things)) (PRN , (S (NP-SBJ they) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ Mr. Azoff) (VP would (VP develop (NP (NP musical acts) (PP for (NP a new record label))))) .)) (TOP (S (NP-SBJ-1 The agreement) (VP is (VP said (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD similar (PP to (NP (NP (NP Warner 's) 50-50 partnership) (PP with (NP (NP record and movie producer David Geffen) , (SBAR (WHNP-2 whose films and records) (S (NP-SBJ-51 *T*-2) (VP are (VP distributed (NP *-51) (PP by (NP-LGS (NP the Warner Bros. studio) and (NP the Warner records unit))))))))))))))))) .)) (TOP (S (S-TPC-2 (SBAR-ADV Although (S (NP-SBJ Mr. Azoff) (VP wo n't (VP produce (NP films) (PP-TMP at (ADVP first)))))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD possible) (SBAR-1 that (S (NP-SBJ he) (VP could (VP do (ADVP-PRD so) (ADVP-TMP later))))))) , (NP-SBJ the sources) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S (PP Like (NP (NP Mr. Geffen 's) arrangement)) , (NP-SBJ the venture) (VP gives (NP Mr. Azoff) (NP (NP a link) (PP to (NP (NP the world 's) (ADJP (ADJP largest) and (ADJP most successful)) record distributor))))) ; (S (PP-LOC in (NP (NP the U.S.) (ADVP alone))) , (NP-SBJ Warner) (VP has (NP (NP (NP a 40 % share) (PP of (NP the market))) , (NP (NP (QP about double) its nearest competitor) , (NP (NP Sony Corp. 's) CBS Records))))) .)) (TOP (S (PP For (NP Warner)) , (ADVP-TMP meanwhile) , (NP-SBJ it) (VP gives (NP the company) (NP (NP a second young partner) (PP with (NP (NP a finger) (PP on (NP (NP the pulse) (PP of (NP (NP the hottest trends) (PP-LOC in (NP the music business)))))))))) .)) (TOP (S (NP-SBJ-1 (NP The 41-year-old Mr. Azoff) , (NP a former rock 'n' roll manager) ,) (VP is (VP credited (NP-2 *-1) (PP-CLR with (S-NOM (NP-SBJ *-2) (VP turning (PRT around) (NP (NP MCA 's) once-moribund music division) (PP-TMP in (NP (NP his six years) (PP-LOC at (NP the company))))))))) .)) (TOP (S But (NP-SBJ-2 Mr. Azoff) (VP had (VP been (VP negotiating (PP-TMP for (NP (QP more than a) year)) (S-CLR (NP-SBJ *-2) (VP to (VP get (PP-DIR out (PP of (NP (NP his MCA contract) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP expired (PP-TMP-CLR in (NP 1991)))))))))))))) .)) (TOP (S (NP-SBJ Mr. Azoff) (ADVP reportedly) (VP (VP was (ADJP-PRD bored)) and (VP (ADVP-TMP frequently) clashed (PP-CLR with (NP top MCA management)) (PP over (NP (NP a number) (PP of (NP (NP issues) (PP such as (NP (NP compensation) and (NP business plans))))))))) .)) (TOP (S (NP-SBJ-2 Mr. Azoff) (ADVP also) (VP was (ADJP-PRD eager (S (NP-SBJ *-2) (VP to (VP return (PP-DIR to (NP (NP a (ADJP more entrepreneurial) role) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ he) (VP had (NP (NP a big financial stake) (PP-LOC in (NP his own efforts))) (PP-LOC *T*-1))))))))))) .)) (TOP (S (PP-LOC In (NP (NP an interview) (PP-TMP at (NP (NP the time) (PP of (NP (NP his resignation) (PP from (NP MCA)))))))) , (NP-SBJ he) (VP said : `` (S (NP-SBJ I) (VP 'd (VP rather (VP build (NP a company)) than (VP run (NP one)))))) .)) (TOP (NP (NP Part) (PP of (NP a Series)) -RCB-)) (TOP (S (NP-SBJ Tom Panelli) (VP had (NP (NP a (ADJP perfectly good) reason) (PP for (S-NOM (NP-SBJ *) not (VP using (NP (NP the (ADJP $ 300 *U*) rowing machine ) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP bought (NP *T*-1) (ADVP-TMP (NP three years) ago)))))))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ-2 I) (VP (VP ate (NP a bad tuna sandwich)) , (VP got (NP food poisoning)) and (VP had (S (NP-SBJ *-2) (VP to (VP have (NP (NP a shot) (PP-LOC in (NP my shoulder))))))) (S-ADV *ICH*-4))) , '' (NP-SBJ he) (VP says (S *T*-1) , (S-ADV-4 (NP-SBJ *) (VP making (S (NP-SBJ (NP it) (S *EXP*-3)) (ADJP-PRD too painful) (S-3 (NP-SBJ *) (VP to (VP row))))))) .)) (TOP (S-1 (NP-SBJ The soreness) (PRN , (S (NP-SBJ he) (VP admits (SBAR 0 (S *T*-1)))) ,) (VP went (ADVP-DIR away) (PP-TMP (NP about a week) after (NP the shot))) .)) (TOP (S Yet (NP-SBJ-1 the rowing machine) (VP has n't (VP been (VP touched (NP *-1) (ADVP-TMP since) , (SBAR-ADV even though (S (NP-SBJ he) (VP has (VP moved (NP it) (PP-DIR across (NP the country)) (PP with (NP him)) (ADVP-TMP twice)))))))) .)) (TOP (S (S (S-ADV (NP-SBJ *-2) (NP-PRD A San Francisco lawyer)) , (NP-SBJ-2 Mr. Panelli) (VP rowed (ADVP-MNR religiously) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (ADVP-TMP first) (VP got (NP the machine) (ADVP-TMP *T*-1)))))) , but , (S (NP-SBJ he) (VP complains , (SBAR 0 (S (S (NP-SBJ it) (VP left (NP grease marks) (PP-LOC-CLR on (NP his carpet)))) , `` and (S (NP-SBJ it) (VP was (ADJP-PRD boring))))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD a horrible machine) , (ADVP actually)) .)) (TOP (S (NP-SBJ I) (VP 'm (ADJP-PRD ashamed (SBAR 0 (S (NP-SBJ I) (VP own (NP the stupid thing)))))) . '')) (TOP (S (NP-SBJ Mr. Panelli) (VP has (NP (NP plenty) (PP of (NP company)))) .)) (TOP (S (NP-SBJ (NP (QP Nearly three-fourths)) (PP of (NP (NP the people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP own (NP home exercise equipment))))))) (VP do n't (VP use (NP it) (ADVP-TMP (ADVP as much) (SBAR as (S (NP-SBJ they) (VP planned (S *?*))))) , (PP according (PP to (NP (NP The Wall Street Journal 's) `` (NX-TTL American Way of Buying) '' survey))))) .)) (TOP (S (NP-SBJ (NP The Roper Organization) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP conducted (NP the survey)))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP (QP almost half)) (PP of (NP the exercise equipment owners))) (VP found (S (NP-SBJ it) (ADJP-PRD (ADJP duller) (SBAR than (S (NP-SBJ they) (VP expected (S *?*)))))))))) .)) (TOP (S (NP-SBJ It) (VP is n't (NP-PRD (NP just exercise gear) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is n't (VP getting (NP a good workout))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The fitness craze) (NP itself)) (VP has (VP gone (ADJP-PRD soft)))) , (NP-SBJ the survey) (VP found (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Fewer people) (VP said (SBAR 0 (S (NP-SBJ they) (VP were (VP working (PRT up) (NP a sweat) (PP with (NP (NP such activities) (PP as (NP jogging , tennis , swimming and aerobics))))))))) .)) (TOP (S (NP-SBJ (NP Half) (PP of (NP (NP those) (VP surveyed (NP *))))) (VP said (SBAR 0 (S (NP-SBJ they) (ADVP simply) (VP walk (NP these days) (PP for (NP exercise)))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD good news) (PP for (NP (NP marketers) (PP of (NP walking shoes))))) .)) (TOP (S (NP-SBJ The survey) (ADVP also) (VP detected (NP (NP (NP (ADJP (NP-ADV a bit) more) interest) (PP in (NP golf))) , (NP (NP a positive sign) (PP for (NP (NP country clubs) and (NP golf club makers)))))) .)) (TOP (S (S (NP-SBJ (NP The survey 's) findings) (ADVP certainly) (VP are n't (ADJP-PRD encouraging) (PP for (NP (NP marketers) (PP of (NP (NP health-club memberships) , (NP tennis rackets) and (NP home exercise equipment))))))) , but (S (NP-SBJ (NP (NP people 's) good intentions) , (CONJP if not) (NP their actions) ,) (VP are (VP keeping (S (NP-SBJ (NP sales) (PP of (NP some fitness products))) (ADJP-PRD healthy))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ-2 (NP sales) (PP of (NP (NP treadmills) , (NP exercise bikes) , (NP stair climbers) and (NP the like)))) (VP are (VP expected (S (NP-SBJ *-2) (VP to (VP rise (NP-EXT 8 %) (PP-DIR to (NP (QP about $ 1.52 billion) *U*)) (NP-TMP this year)))) , (PP according (PP to (NP (NP the National Sporting Goods Association) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP sees (NP the home market) (PP-CLR as (NP (NP one) (PP of (NP (NP the hottest growth areas) (PP for (NP the 1990s)))))))))))))) .)) (TOP (S But (NP-SBJ even that group) (VP knows (SBAR 0 (S (NP-SBJ some people) (VP do n't (VP use (NP their machines) (ADVP (ADVP as much) (SBAR as (S (NP-SBJ they) (VP should (VP *?*)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The first excuse) (VP is (SBAR-PRD 0 (S (NP-SBJ they) (VP do n't (VP have (NP enough time))))))) , '' (VP says (S *T*-1)) (NP-SBJ research director Thomas Doyle) .)) (TOP (S `` (NP-SBJ The second) (VP is (SBAR-PRD 0 (S (NP-SBJ they) (VP do n't (VP have (NP enough discipline)))))) . '')) (TOP (S-1 (SBAR-ADV With (S (NP-SBJ (QP more than 15 million) exercise bikes) (VP sold (NP *) (PP-TMP in (NP the past five years))))) (PRN , (S (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ-2 (NP a lot) (PP of (NP garages , basements and attics))) (VP must (VP be (VP populated (NP *-2) (PP-CLR with (NP them))))) . '')) (TOP (S (ADVP Still) , (NP-SBJ (NP the average price) (PP of (NP such bikes))) (VP rose (NP-TMP last year) (PP-DIR to (NP $ 145 *U*))) .)) (TOP (S (NP-SBJ Mr. Doyle) (VP predicts (NP (NP a trend) (PP toward (NP (NP fewer pieces) (PP of (NP home exercise equipment)) (VP being (VP sold (NP *) (PP-CLR at (NP higher prices)))))))) .)) (TOP (S (NP-SBJ Electronic gimmicks) (VP are (ADJP-PRD key)) .)) (TOP (S (NP-SBJ Premark International Inc.) , (PP for (NP example)) , (VP peddles (NP (NP the M8.7sp Electronic Cycling Simulator) , (NP a (ADJP $ 2,000 *U*) stationary cycle ))) .)) (TOP (S (PP-LOC On (NP a video screen)) , (NP-SBJ riders) (VP can (VP (VP see (NP (NP 30 different `` rides) , '' (PP including (NP (UCP urban , mountain and desert) scenes)))) , and (VP check (SBAR (WHNP-2 (WHADJP how many) calories) (S (NP-SBJ-1 *T*-2) (VP are (VP burned (NP *-1) (NP-ADV a minute)))))))) .)) (TOP (S (NP-SBJ (NP Nancy Igdaloff) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP works (PP-CLR in (NP corporate payments)) (PP-LOC at (NP (NP Bank) (PP of (NP America)) (PP-LOC in (NP San Francisco))))))) ,) (VP may (VP be (NP-PRD (NP a good prospect) (PP for (NP such a gizmo))))) .)) (TOP (S (NP-SBJ-2 She) (VP 's (VP trying (S (NP-SBJ *-2) (VP to (VP sell (NP (NP a (ADJP $ 150 *U*) exercise bike ) (SBAR (WHNP-1 0) (S (NP-SBJ she) (VP bought (NP *T*-1) (ADVP-TMP (NP (QP about five) years) ago) (PP-BNF for (NP her roommate))))))))))) .)) (TOP (S (S But (SBAR-ADV rather than (S (NP-SBJ *-2) (VP write (PRT off) (NP home fitness equipment)))) , (NP-SBJ-2 she) (VP traded (PRT up))) : (S (NP-SBJ Ms. Igdaloff) (VP (ADVP just) paid (NP (QP about $ 900) *U*) (PP-CLR for (NP (NP a fancier stationary bike) , (PP with (NP (NP a timer) , (NP (NP dials) (VP showing (NP average and maximum speeds))) and (NP (NP a comfortable seat) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP feels (ADVP almost) (PP-CLR like (NP a chair)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 'm (VP using (NP it) (NP-TMP a lot)))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP spent (NP (NP (ADJP so much) money) (SBAR that (S (SBAR-ADV if (S (S (NP-SBJ I) (VP look (PP-CLR at (NP it)))) , and (S (NP-SBJ I) (VP 'm not (PP-LOC-PRD on (NP it)))))) , (NP-SBJ I) (VP feel (ADJP-PRD guilty)))))) . '')) (TOP (S (NP-SBJ The poll) (VP points (PRT up) (NP (NP some inconsistencies) (PP between (SBAR-NOM (SBAR (WHNP-1 what) (S (NP-SBJ people) (VP say (NP *T*-1)))) and (SBAR (WHNP-2 what) (S (NP-SBJ they) (VP do (NP *T*-2)))))))) .)) (TOP (S (NP-SBJ (NP A surprising 78 %) (PP of (NP people))) (VP said (SBAR 0 (S (NP-SBJ they) (VP exercise (ADVP regularly)))) , (ADVP up (PP from (NP 73 %) (PP-TMP in (NP 1981))))) .)) (TOP (S (NP-SBJ This) (VP (VP conjures (PRT up) (NP (NP images) (PP of (NP (NP a nation) (ADJP full (PP of (NP trim , muscular folks))))))) , and (VP suggests (SBAR 0 (S (NP-SBJ couch potatoes) (VP are (PP-PRD out (PP of (NP season)))))))) .)) (TOP (S (PP Of (NP course)) , (NP-SBJ that) (VP is n't (ADVP really) (NP-PRD the case)) .)) (TOP (S (NP-SBJ The discrepancy) (VP may (VP be (SBAR-PRP-PRD because (S (S-NOM-SBJ (NP-SBJ *) (VP asking (NP people) (PP-CLR about (NP their fitness regime)))) (VP is (PP-PRD (NP-ADV a bit) like (S-NOM (NP-SBJ *) (VP inquiring (PP-CLR about (NP their love life)))))))))) .)) (TOP (S (NP-SBJ-1 They) (VP 're (ADJP-PRD bound (S (NP-SBJ *-1) (VP to (VP exaggerate))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ People) (VP say (SBAR 0 (S (NP-SBJ they) (VP swim))))) , and (S (NP-SBJ that) (VP may (VP mean (SBAR 0 (S (NP-SBJ they) (VP 've (VP been (PP-DIR-PRD to (NP the beach)) (NP-TMP this year))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Krys Spain) , (NP (NP research specialist) (PP for (NP (NP (NP the President 's) Council) (PP on (NP Physical Fitness and Sports)))))) .)) (TOP (S `` (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP know (SBAR if (S (NP-SBJ people) (VP are (VP responding (ADVP-MNR truthfully))))))))) .)) (TOP (S (NP-SBJ People) (VP are (ADJP-PRD too embarrassed (S (NP-SBJ *) (VP to (VP say (SBAR 0 (S (NP-SBJ they) (VP have n't (VP done (NP anything)))))))))) . '')) (TOP (S (SBAR-ADV While (S (NP-SBJ she) (VP applauds (NP the fact (SBAR that (S (NP-SBJ-2 more Americans) (VP are (VP getting (PRT up) (PP-DIR from (NP the television)) (S-PRP (NP-SBJ *-2) (VP to (VP stroll or garden))))))))))) , (NP-SBJ she) (VP says (SBAR 0 (S (NP-SBJ (NP the percentage) (PP of (NP Americans)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP do `` (NP (NP real exercise) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP build (NP the heart)))))) '')))) (VP is (NP-PRD (QP only 10 % to 20 %) *U*))))) .)) (TOP (S (S (NP-SBJ (NP (ADJP So many) people) (SBAR *ICH*-2)) (VP fudge (PP-CLR on (NP (NP answers) (PP about (NP exercise)))) , (SBAR-2 0 (S (NP-SBJ-4 (NP the president 's) council) (ADVP-TMP now) (VP uses (NP specific criteria) (S-CLR (NP-SBJ *-4) (VP to (VP determine (SBAR (WHNP-1 what) (S (NP-SBJ-3 *T*-1) (VP is (VP considered (S (NP-SBJ *-3) (ADJP-PRD vigorous)))))))))))))) : (S (NP-SBJ It) (VP (VP must (VP produce (NP (NP contractions) (PP of (NP large muscle groups))))) , (VP must (VP achieve (NP (NP 60 %) (PP of (NP maximum aerobic capacity))))) and (VP must (VP be (VP done (NP (NP (QP three or more) times) (NP-ADV a week)) (PP-TMP for (NP (NP a minimum) (PP of (NP 20 minutes))))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP (NP the council 's) goals) , (VP set (NP *) (PP-TMP in (NP 1980))) ,))) (VP was (S-PRD (NP-SBJ *) (VP to (VP see (S (NP-SBJ (NP (QP more than 60 %) *U*) (PP of (NP (NP adults) (PP under (NP (NP 65 years) (PP of (NP age))))))) (VP getting (NP vigorous exercise) (PP-TMP by (NP 1990)))))))) .)) (TOP (S (NP-SBJ-1 That target) (VP has (VP been (VP revised (NP *-1) (PP-DIR to (NP (NP 30 %) (PP-TMP by (NP the year 2000))))))) .)) (TOP (S But (NP-SBJ even that goal) (VP may (VP prove (ADJP-PRD optimistic))) .)) (TOP (S (PP-TPC-1 Of (NP 14 activities)) , (NP-SBJ the Journal survey) (VP found (SBAR that (S (NP-SBJ-4 (NP 12) (PP *T*-1) (PRN -- (PP including (NP bicycling , skiing and swimming)) --)) (VP are (VP being (VP done (NP *-4) (PP by (NP-LGS (NP fewer Americans) (PP *ICH*-2))) (NP-TMP today) (PP-2 than (ADVP-TMP (NP eight years) ago)))))))) .)) (TOP (S (NP-SBJ-1 (NP Time pressures) and (NP (NP the ebb) (PP of (NP the fitness fad)))) (VP are (VP cited (NP *-1) (PP-CLR as (NP (NP reasons) (PP for (NP the decline)))))) .)) (TOP (S (NP-SBJ Only walking and golf) (VP increased (PP-CLR in (NP popularity)) (PP-TMP during (NP the 1980s)) (PRN -- and (ADVP-EXT only slightly))) .)) (TOP (S (NP-SBJ-1 (NP Jeanette Traverso) , (NP a California lawyer) ,) (VP gave (PRT up) (S (NP-SBJ *) (VP running (NP-TMP (NP three times) (NP-ADV a week)))) (S-PRP (NP-SBJ *-1) (VP to (VP play (NP (NP a weekly round) (PP of (NP golf)))))) , (S-ADV (NP-SBJ *-1) (VP finding (S (NP-SBJ it) (ADJP-PRD more social and serene))))) .)) (TOP (S (S (NP-SBJ It) (VP 's (NP-PRD (NP an activity) (SBAR (WHNP-1 0) (S (NP-SBJ she) (VP feels (SBAR 0 (S (NP-SBJ she) (VP can (VP do (NP *T*-1) (PP-TMP for (NP life)))))))))))) , and (S (PP-MNR by (S-NOM (NP-SBJ *-2) (VP pulling (NP a golf cart)))) , (NP-SBJ-2 she) (ADVP still) (VP gets (NP a good workout))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 I) (VP 'm (ADJP-PRD really wiped (PRT out)) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP walking (NP five hours)))))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Most people) (VP said (SBAR 0 (S (NP-SBJ they) (VP exercise (PP both for (NP health and enjoyment)))))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-ADV If (S (NP-SBJ you) (VP sit (PRT down) (NP-TMP all the time)))) , (NP-SBJ you) (VP 'll (VP go (ADJP-PRD stiff)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Joyce Hagood) , (NP (NP a (NAC-LOC Roxboro , N.C. ,) homemaker) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP walks (NP (NP several miles) (NP-ADV a week))))))) .)) (TOP (S `` And (NP-SBJ it) (VP 's (ADJP-PRD relaxing)) .)) (TOP (S (ADVP-TMP Sometimes) , (SBAR-ADV if (S (NP-SBJ you) (VP have (NP a headache)))) , (NP-SBJ you) (VP can (VP (VP go (ADVP-DIR out)) and (VP walk (NP it) (ADVP-CLR right off)))) . '')) (TOP (S (NP-SBJ (NP (QP Only about a quarter)) (PP of (NP the respondents))) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP exercise (S-PRP-CLR (NP-SBJ *-1) (VP to (VP lose (NP weight)))))))) .)) (TOP (S (NP-SBJ-2 Slightly more) , (PP like (NP (NP Leslie Sherren) , (NP (NP a law librarian) (PP-LOC in (NP San Francisco)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP attends (NP dance aerobics) (NP-TMP (NP five times) (NP-ADV a week)))))))) , (VP exercise (S-PRP-CLR (NP-SBJ *-2) (VP to (VP relieve (NP stress))))) .)) (TOP (S-1 `` (S-ADV (NP-SBJ *-2) (VP Working (PP with (NP lawyers)))) , '' (PRN (S (NP-SBJ she) (VP says (S *T*-1)))) , `` (NP-SBJ-2 I) (VP need (NP it)) . '')) (TOP (S But (NP-SBJ (NP (QP fully 90) %) (PP of (NP (NP those) (VP polled (NP *))))) (VP felt (SBAR 0 (S (NP-SBJ-1 they) (VP did n't (VP need (S (NP-SBJ *-1) (VP to (VP belong (PP-CLR to (NP a health club)))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ They) (VP 're (ADJP-PRD too crowded))) , and (S (NP-SBJ everybody) (VP 's (VP showing (PRT off))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Joel Bryant) , (NP (NP a 22-year-old student) (PP from (NP (NP Pasadena) , (NP Calif))))) .)) (TOP (S `` (S (NP-SBJ The guys) (VP are (VP being (ADJP-PRD macho)))) , and (S (NP-SBJ the girls) (VP are (VP walking (ADVP-DIR around) (PP in (NP little things))))) .)) (TOP (S (NP-SBJ-1 They) (VP 're not (ADVP-LOC-PRD there) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP work (PRT out))))) . '')) (TOP (S But (ADVP at least) (NP-SBJ they) (VP show (PRT up)) .)) (TOP (S (NP-SBJ (NP (QP Nearly half)) (PP of (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP joined (NP health clubs))))))) (VP said (SBAR 0 (S (NP-SBJ they) (VP did n't (VP use (NP their membership) (ADVP-TMP (ADVP as often) (SBAR as (S (NP-SBJ they) (VP planned (S *?*)))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Feeling (SBAR 0 (S (NP-SBJ they) (VP should (VP devote (NP more time) (PP-CLR to (NP (NP their families) or (NP their jobs))))))))) , (NP-SBJ-1 many yuppies) (VP are (VP skipping (NP their once-sacred workout))) .)) (TOP (S (ADVP Even so) , (NP-SBJ (NP (NP the Association) (PP of (NP Quality Clubs))) , (NP (NP a health-club trade group) (PP-LOC in (NP Boston))) ,) (VP says (SBAR 0 (S (NP-SBJ membership revenues) (VP will (VP rise (NP-EXT (QP about 5) %) (NP-TMP this year) (PP-DIR from (NP (NP last year 's) (QP $ 5 billion) *U*))))))) .)) (TOP (S (NP-SBJ A spokeswoman) (VP adds , (ADVP however) , (SBAR that (S (NP-SBJ-2 the group) (VP is (VP considering (S (NP-SBJ *-2) (VP offering `` (NP (NP a behavior-modification course) , (ADJP similar (PP to (NP a smoking-cessation program))) , (SBAR-PRP (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP teach (NP people) (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP stay (PP-CLR with (NP it)) (ADVP-MNR *T*-1)))))))))))))))))) . '')) (TOP (S (NP-SBJ There) (VP are (NP-PRD die-hard bodies) , (PP of (NP course))) .)) (TOP (S (NP-SBJ (NP The proprietor) (PP of (NP (NP Sante West) , (NP (NP an aerobics studio) (PP-LOC in (NP (NP San Francisco 's) Marina district)) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP hit (NP *-1) (ADVP hard) (PP by (NP-LGS the earthquake)))))) ,)))) (VP says , `` (S (NP-SBJ People) (VP were (VP going (NP-PRD nuts) (NP-TMP (NP the minute) (SBAR (WHADVP-4 0) (S (NP-SBJ we) (VP opened (ADVP-TMP *T*-4)))) , '' (PP-TMP (NP-ADV three days) after (NP the quake))))))) .)) (TOP (S `` (NP-SBJ The emotional aspect) (VP is (ADJP-PRD (ADJP so draining) , (SBAR 0 (S (NP-SBJ they) (VP needed (NP a good workout)))))) . '')) (TOP (S (NP-SBJ Perhaps the (ADJP most disturbing) finding) (VP is (SBAR-PRD that (S (NP-SBJ the bowling alley) (VP may (VP be (NP-PRD an endangered American institution)))))) .)) (TOP (S (NP-SBJ The survey) (VP reported (SBAR 0 (S (NP-SBJ (NP the number) (PP of (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ they) (VP bowl (ADVP-TMP regularly)))))))))) (VP has (VP fallen (PP-DIR to (NP (QP just 8) %)) (PP-DIR from (NP 17 %) (PP-TMP in (NP 1981)))))))) .)) (TOP (S (NP-SBJ The American Bowling Congress) (VP (VP claims (SBAR 0 (S (NP-SBJ (NP a higher percentage) (PP of (NP the public))) (VP bowls (ADVP-TMP regularly))))) , but (VP concedes (SBAR 0 (S (NP-SBJ its membership) (VP has (VP declined (NP-TMP this decade))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP find (PRT out) (FRAG (WHADVP why))))) , (NP-SBJ-1 the group) (ADVP-TMP recently) (VP commissioned (NP (NP a study) (PP of (NP (NP the past 20 years) (PP of (NP bowling-related research)))))) .)) (TOP (S (NP-SBJ-5 (NP Three reasons) (NP *ICH*-4)) (VP were (VP pinpointed (NP *-5) : (NP-4 (NP (NP a preference) (PP for (S-NOM (NP-SBJ *) (VP (VP watching (NP (NP bowling) and (NP other sports)) (PP-LOC on (NP television))) (CONJP rather than) (VP (ADVP actually) bowling))))) , (NP dowdy bowling centers) , and (NP (NP dissatisfaction) (PP with (NP (NP bowling) (NP itself))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP People) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP start (S (NP-SBJ *-3) (VP bowling)) (S-ADV (NP-SBJ *-3) (VP expecting (S (NP-SBJ it) (VP to (VP be (NP-PRD a pleasurable exercise)))))))))) `` (VP have (VP been (ADVP generally) (ADJP-PRD disappointed))) , '') (NP-SBJ the report) (VP said (S *T*-2)) .)) (TOP (FRAG But not (NP (NP Richard Cottrell) , (NP (NP a San Francisco cab driver) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP bowls (PP-LOC in (NP two weekly leagues))))))) .)) (TOP (S (NP-SBJ He) (VP hit (NP the lanes) (ADVP-TMP (NP three years) ago) (PP on (NP (NP the advice) (PP of (NP his doctor))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD good exercise))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (S (NP-SBJ I) (VP ca n't (VP do (NP anything) (ADVP score-wise)))) , but (S (NP-SBJ I) (VP like (VP meeting (NP the girls)))) . '')) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ bowling) (VP helps (S (NP-SBJ him) (VP shed (NP pounds))) , (SBAR-ADV though (S (NP-SBJ-2 that effort) (VP is (ADVP-TMP sometimes) (VP thwarted (NP *-2) (PP by (NP-LGS the fact (SBAR that `` (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ I) (VP 'm (VP drinking (ADVP-TMP *T*-1))))) , (NP-SBJ I) (VP bowl (ADVP-MNR better)))))))))))))) . '')) (TOP (S (NP-SBJ (NP His Tuesday night team) , (NP the Leftovers) ,) (VP is (PP-LOC-PRD in (NP first place))) .)) (TOP (S (NP-SBJ (NP WPP GROUP 'S) Ogilvy & Mather) (VP expects (S (NP-SBJ profit margins) (VP to (VP improve (PP-DIR to (NP 11.5 %)) (PP-TMP in (NP 1990)) (PP-LOC in (NP the U.S.)))))))) (TOP (S (NP-SBJ (NP Yesterday 's) edition) (VP did n't (VP specify (SBAR (WHADVP-1 where) (S (NP-SBJ the improvement) (VP would (VP take (NP place) (ADVP-LOC *T*-1))))))) .)) (TOP (S (PP Concerning (NP (NP your Sept. 29 article) `` (S-HLN (NP-SBJ Retailers) (VP Face (NP (NP Cutbacks) , (NP Uncertain Future)))) '')) : (NP-SBJ (NP The outcome) (PP of (NP our leveraged buyout))) (VP is (VP looking (ADJP-PRD very positive))) .)) (TOP (S (PP Unlike (NP (NP most) (PP of (NP (NP the other retailers) (VP mentioned (NP *) (PP-LOC in (NP the story))))))) , (NP-SBJ Jos. A. Bank Clothiers Inc.) (VP is not (PP-LOC-PRD in (NP serious financial problems))) .)) (TOP (S (NP-SBJ We) (VP (VP did (VP experience (NP (NP some difficulties) (PP with (NP the initial LBO terms))))) and (PRN , (SBAR-ADV as (S (NP-SBJ your article) (VP made (S (NP-SBJ *) (ADJP-PRD clear))))) ,) (VP (VP (ADVP successfully) restructured (NP our debt) (NP-TMP earlier this year)) , (NP-ADV (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ-2 those other retailers) (VP have (ADVP yet) (S (NP-SBJ *-2) (VP to (VP accomplish (NP *T*-1)))))))))) .)) (TOP (S (NP-SBJ Your) (VP (VP were (PP-LOC-PRD-1 on (NP target)) (PP-2 regarding (NP industry problems))) , but (VP (ADVP-LOC-PRD=1 wide (PP of (NP the mark))) (PP-LOC=2 in (S-NOM (NP-SBJ *) (VP portraying (NP (NP the financial health) (PP of (NP this company)))))))) .)) (TOP (NP (NP Chairman and CEO) (NP (NP Jos. A. Bank Clothiers Inc.) (NP-LOC (NP Owings Mills) , (NP Md .))))) (TOP (S (S-TPC-1 (NP-SBJ (NP Private housing starts) (PP-LOC in (NP Japan))) (VP were (ADJP-PRD unchanged) (PP-TMP in (NP September)) (PP from (ADVP-TMP (NP a year) earlier)) (PP at (NP 144,610 units)))) , (NP-SBJ the Construction Ministry) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The flat report) (VP followed (NP (NP a four-month string) (PP of (NP declines)))) .)) (TOP (S (NP-SBJ The down trend) (VP was (ADVP partly) (NP-PRD (NP the result) (PP of (NP (NP tighter credit) (VP sparked (NP *) (PP by (NP-LGS (NP a discount rate increase) (PP by (NP-LGS (NP the Bank) (PP of (NP Japan)))) (PP-TMP in (NP May))))))))) .)) (TOP (S (NP-SBJ The central bank) (ADVP also) (ADVP unexpectedly) (VP raised (NP the base rate) (PP-EXT by (NP half a percentage point)) (PP-DIR to (NP 3.75 %)) (NP-TMP Oct. 11) (PP as (NP (NP part) (PP of (NP (NP an inflation-fighting move) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (ADVP-MNR indirectly) increases (NP (NP interest rates) (VP charged (NP *) (PP-CLR on (NP new home construction loans)))))))))))) .)) (TOP (SBAR-ADV If (S (NP-SBJ there) (VP 's (NP-PRD (NP somethin') (ADJP strange)) (PP-LOC in (NP your neighborhood)))) ...)) (TOP (SBAR-ADV If (S (S (NP-SBJ there) (VP 's (NP-PRD (NP something ') weird))) and (S (NP-SBJ it) (VP do n't (VP look (ADJP-PRD good))))) .)) (TOP (SBARQ (WHNP-1 Who) (SQ (NP-SBJ-2 ya) (VP gon (S (NP-SBJ *-2) (VP na (VP call (NP *T*-1)))))) ?)) (TOP (S (PP For (NP starters)) , (NP-SBJ some people) (VP call (NP Ed and Lorraine Warren)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ it) (VP comes (PP-DIR to (S-NOM (NP-SBJ *) (VP busting (NP ghosts)))) (ADVP-TMP *T*-1)))) , (NP-SBJ the (NAC-LOC Monroe , Conn. ,) couple) (VP are (NP-PRD perfect demons)) .)) (TOP (S (NP-SBJ-1 They) (VP claim (S (NP-SBJ *-1) (VP to (VP have (VP busted (NP (NP spirits) , (NP poltergeists) and (NP other spooks)) (PP-LOC in (NP (NP hundreds) (PP of (NP (NP houses) (PP-LOC around (NP the country))))))))))) .)) (TOP (S (NP-SBJ They) (VP say (SBAR 0 (S (NP-SBJ they) (ADVP-TMP now) (VP get (NP (NP (QP three or four) `` legitimate '' calls) (NP-ADV a week) (PP from (NP (NP people) (VP harried (NP *) (PP by (NP-LGS haunts)))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (ADVP-MNR firmly) (VP believe (PP-CLR in (NP angels , devils and ghosts)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Warren) , (SBAR (WHNP-1 whose business card) (S (NP-SBJ *T*-1) (VP identifies (NP him) (PP-CLR as (NP a `` demonologist)))))) . '')) (TOP (S (SBAR-ADV If (S (S (NP-SBJ psychics) (VP do n't (VP work))) , but (S (NP-SBJ your house) (ADVP still) (VP seems (ADJP-PRD haunted))))) , (NP-SBJ you) (VP can (VP call (NP (NP any one) (PP of (NP (NP a swelling band) (PP of (NP (NP skeptics) (PP such as (NP Richard Busch))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD A professional magician and musician)) , (NP-SBJ-1 he) (VP heads (NP (NP the Pittsburgh branch) (PP of (NP (NP the Committee) (PP for (NP (NP the Scientific Investigation) (PP of (NP the Paranormal)))))))) .)) (TOP (S (NP-SBJ Mr. Busch) (VP says (SBAR 0 (S (S (NP-SBJ there) (VP is (NP-PRD (NP a scientific explanation) (PP for (NP all haunts))))) , and (S (NP-SBJ he) (VP can (ADVP even) (VP tell (NP you) (SBAR (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP encourage (NP the spirits) (ADVP-MNR *T*-1))))))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ (NP All) (SBAR (WHNP-1 0) (S (NP-SBJ-2 you) (VP have (S (NP-SBJ *-2) (VP to (VP do (NP *T*-1)))))))) (VP is (VP (VP eat (NP a big pizza)) , and (ADVP then) (VP go (PP-DIR to (NP bed)))))) , '' (NP-SBJ he) (VP says (S *T*-3)) .)) (TOP (S `` (NP-SBJ You) (VP 'll (VP have (NP weird dreams) , (ADVP too))) . '')) (TOP (S (NP-ADV Either way) , (NP-SBJ the ghostbusting business) (VP is (VP going (PP-MNR like (NP gangbusters)))) .)) (TOP (S (NP-SBJ (NP Tales) (PP of (NP haunts and horrors))) (VP are (VP proliferating (PP-LOC beyond (NP (NP the nation 's) Elm Streets and Amityvilles)))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ I) (VP get (NP (NP calls) (PP *ICH*-1)) (NP-TMP nearly every day) (PP-1 from (NP (NP people) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP have (NP ghosts) (PP-LOC in (NP their house))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Raymond Hyman) , (NP (NP a skeptical psychology professor) (PP-LOC at (NP (NP the University) (PP of (NP Oregon)))))) .)) (TOP (S (PP-LOC In (NP (NP a public opinion poll) (VP published (NP *) (PP-LOC in (NP (NP the October issue) (PP of (NP Parents Magazine))))))) , (NP-SBJ (NP a third) (PP of (NP (NP those) (VP queried (NP *))))) (VP said (SBAR 0 (S (NP-SBJ they) (VP believe (SBAR that (S (NP-SBJ ghosts or spirits) (VP make (S (NP-SBJ themselves) (ADJP-PRD known (PP to (NP people))))))))))) .)) (TOP (SINV `` (S-TPC-2 (FRAG (NP-SBJ (NP The movies) , (NP the books) , (NP the tabloids))) -- (S (NP-SBJ even Nancy Reagan) (VP is (VP boosting (NP this stuff))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Paul Kurtz) , (NP (NP a philosophy professor) (PP-LOC at (NP (NP the State University) (PP of (NP New York)) (PP-LOC at (NP Buffalo)))) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP heads (NP (NP the Committee) (PP for (NP (NP the Scientific Investigation) (PP of (NP the Paranormal)))))))))) .)) (TOP (S (NP-SBJ (NP The committee) , (VP formed (NP *) (PP-TMP in (NP 1967))) ,) (ADVP-TMP now) (VP has (NP 60 chapters) (PP-LOC around (NP the world))) .)) (TOP (S (NP-SBJ The spirits) , (PP of (NP course)) , (VP could (VP (ADVP hardly) care (ADVP-CLR less) (SBAR whether (S (NP-SBJ people) (VP (VP do (VP *RNR*-1)) or (VP do n't (VP *RNR*-1)) (VP-1 believe (PP-CLR in (NP them)))))))) .)) (TOP (S (NP-SBJ-1 They) (VP do n't (ADVP even) (VP give (NP a nod) (PP-DTV to (NP human sensibilities)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP celebrating (NP Halloween)))))) .)) (TOP (S (S (S-TPC-1 (PP For (NP the spooks)) (NP-SBJ it) (VP 's (ADVP just) (NP-PRD (NP another day) (PP of (NP (NP ectoplasmic business) (PP as (ADJP usual))))))) , (NP-SBJ ghostbusters) (VP say (SBAR 0 (S *T*-1)))) ; (S (NP-SBJ-2 the holiday) (VP seems (S (NP-SBJ *-2) (VP to (VP occasion (NP (NP no unusual number) (PP of (NP ghost reports)))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP the busiest ghostbusters))) (VP is (NP-PRD (NP Robert Baker) , (NP (NP a 68-year-old semi-retired (NAC University (PP of (NP Kentucky))) psychology professor) (SBAR (WHNP-1 whose bushy gray eyebrows) (S (NP-SBJ *T*-1) (VP arch (PP at (NP (NP the mere mention) (PP of (NP a ghost)))))))))) .)) (TOP (S (NP-SBJ Mr. Baker) (VP says (SBAR 0 (S (NP-SBJ he) (VP has (ADVP personally) (VP bested (NP (NP (QP more than 50) haunts) , (PP (PP from (NP aliens)) (PP to (NP poltergeists))))))))) .)) (TOP (S (NP-SBJ Mr. Baker) (VP heads (NP (NP the Kentucky Association) (PP of (NP (NP Science Educators) and (NP Skeptics))))) .)) (TOP (S (PP Like (NP (NP Hollywood 's) Ghostbusters)) , (NP-SBJ-2 Kentucky 's) (VP stand (S-CLR (NP-SBJ-3 *-2) (ADJP-PRD ready (S (NP-SBJ *-3) (VP to (VP roll (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ haunts) (VP get (PP-PRD out (PP of (NP hand))) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S But (NP-SBJ they) (VP do n't (VP (VP careen (ADVP around) (PP-LOC in (NP an old Cadillac))) , (VP wear (NP funny suits)) or (VP blast (PRT away) (PP-CLR at (NP slimy spirits))))) .)) (TOP (S (NP-SBJ Mr. Baker) (VP (VP drives (NP a 1987 Chevy)) and (VP (ADVP-TMP usually) wears (NP a tweed jacket)) (PP-LOC on (NP his ghostbusting forays))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP 've (ADVP-TMP never) (VP met (NP (NP a ghost) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP could n't (VP be (VP explained (PRT away) (NP *-3) (PP by (NP-LGS (ADJP perfectly natural) means))))))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ a Louisville woman) (VP complained (SBAR that (S (NP-SBJ a ghost) (VP was (VP haunting (NP her attic))))) (ADVP-TMP *T*-1)))) , (NP-SBJ Mr. Baker) (VP discovered (NP (NP a rat) (VP dragging (NP a trap) (PP-DIR across (NP the rafters))))) .)) (TOP (S (NP-SBJ A foul-smelling demon) (ADVP supposedly) (VP plagued (NP (NP a house) (PP-LOC in (NP (NP Mannington) , (NP Ky))))) .)) (TOP (S (NP-SBJ Mr. Baker) (VP found (NP (NP an opening) (PP-LOC under (NP the house)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP led (PP-DIR to (NP a fume-filled coal mine))))))) .)) (TOP (S-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the weather) (VP cools (ADVP-TMP *T*-1)))) (PRN , (S (NP-SBJ Mr. Baker) (VP says (SBAR 0 (S *T*-2)))) ,) (NP-SBJ hobos) (ADVP-TMP often) (VP hole (PRT up) (PP-LOC in (NP abandoned houses))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ People) (VP see (NP (NP activity) (PP-LOC in (NP there))))) , and (S (NP-ADV (NP the next thing) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP know (NP *T*-1))))) , (NP-SBJ you) (VP 've (VP got (NP a haunting))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (PP-TMP On (NP a recent afternoon)) , (NP-SBJ-2 (NP Mr. Baker) and (NP a reporter)) (VP go (S (NP-SBJ-3 *-2) (VP ghost-busting , (S-ADV (NP-SBJ *-3) (VP visiting (NP (NP Kathleen Stinnett) , (NP (NP a Lexington woman) (SBAR (WHNP-1 who) (S (NP-SBJ-4 *T*-1) (VP has (VP phoned (NP (NP the University) (PP of (NP Kentucky))) (S-PRP (NP-SBJ *-4) (VP to (VP report (NP (NP mysterious happenings) (PP-LOC in (NP her house))))))))))))))))) .)) (TOP (S (S (NP-SBJ Mrs. Stinnett) (VP says (SBAR 0 (S (NP-SBJ she) (ADVP-TMP never) (VP believed (PP-CLR in (NP ghosts)) (ADVP-TMP before)))))) , but (S (ADVP-TMP lately) (S (NP-SBJ her vacuum cleaner) (VP turned (NP itself) (PRT on))) , (S (NP-SBJ a telephone) (VP flew (PP-DIR off (NP its stand)))) , (S (NP-SBJ doors) (VP slammed (ADVP inexplicably))) , and (S (NP-SBJ she) (VP heard (NP (NP footsteps) (PP-LOC in (NP her empty kitchen)))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ-3 I) (VP was (VP (VP doing (NP the laundry)) and (VP (ADVP nearly) broke (NP my neck) (S-ADV (NP-SBJ-4 *-3) (VP running (ADVP-DIR upstairs) (S-PRP (NP-SBJ *-4) (VP to (VP see (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (ADVP-LOC-PRD there))))))))))))) , and (S (NP-SBJ it) (VP was (NP-PRD nobody)))) , '' (NP-SBJ she) (VP says (S *T*-2) , (S-ADV (NP-SBJ eyes) (ADJP-PRD wide (PP at (NP the recollection))))) .)) (TOP (S (NP-SBJ Mr. Baker) (VP (VP hears (NP her) (PRT out)) , (VP pokes (PRT around) (NP a bit)) , (VP asks (NP a few questions)) and (VP proposes (NP some explanations))) .)) (TOP (S (PP Of (NP the self-starting vacuum cleaner)) , (NP-SBJ he) (VP says : `` (S (NP-SBJ *) (VP Could (VP be (NP-PRD (NP Cuddles) , -LCB- (NP (NP Mrs. Stinnett 's) dog) -RCB-))))) . '')) (TOP (FRAG (NP The flying telephone) : `` (S (S (NP-SBJ You) (VP tangle (NP the base cord) (PP-CLR around (NP a chair leg)))) , and (S (NP-SBJ-1 the receiver) (VP does (VP seem (S (NP-SBJ *-1) (VP to (VP fly (ADVP-DIR off)))))))) . '')) (TOP (FRAG (NP The ghostly footsteps) : `` (S (S (NP-SBJ Interstate 64) (VP is (ADVP-LOC-PRD (NP a block) away))) , and (S (NP-SBJ heavy traffic) (VP can (ADVP sure) (VP set (NP-1 a house) (PP-CLR to (S-NOM (NP-SBJ *-1) (VP vibrating))))))) . '')) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 'm not (ADJP-PRD sure (SBAR 0 (S (NP-SBJ he) (VP 's (VP explained (NP everything)))))))) , '' (NP-SBJ Mrs. Stinnett) (VP says (S *T*-1) (ADVP-MNR grudgingly)) .)) (TOP (S `` (S-TPC-2 (NP-SBJ There) (VP are (NP-PRD (NP some things) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP gone (PRT on) (ADVP-LOC here))))) (SBAR (WHNP-3 that) (S (NP-SBJ nobody) (VP can (VP explain (NP *T*-3)))))))) , '' (NP-SBJ she) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ-1 Mr. Baker) (VP promises (S (NP-SBJ *-1) (VP to (VP return (SBAR-ADV if (S (NP-SBJ the haunting) (VP continues))))))) .)) (TOP (S (PP For (NP (ADJP especially stubborn) haunts)) , (NP-SBJ Mr. Baker) (VP carries (NP (NP a secret weapon) , (NP (NP a vial) (PP of (NP cornstarch))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP tell (NP people) (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD (NP the groundup bones) (PP of (NP saints)))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP (VP sprinkle (NP a little) (PRT around)) and (VP tell (NP-1 the demons) (S (NP-SBJ *-1) (VP to (VP leave))))) .)) (TOP (S (S (NP-SBJ It) (VP 's (ADJP-PRD reassuring))) , and (S (NP-SBJ it) (ADVP-TMP usually) (VP works)) . '')) (TOP (S (NP-SBJ (NP Oregon 's) Mr. Hyman) (VP (VP has (VP investigated (NP (NP claims) (PP of (NP (NP flying cats) , (NP apparitions) and (NP bouncing chandeliers)))))) and (VP has (VP come (PRT up) (PP-CLR with (NP (NP a plausible explanation) , (PRN (S (NP-SBJ he) (VP says))) , (PP for (NP every one))))))) .)) (TOP (S-1 `` (ADVP Invariably) , '' (PRN (S (NP-SBJ he) (VP says (S *T*-1)))) , `` (NP-SBJ eyewitnesses) (VP are (ADJP-PRD untrustworthy)) . '')) (TOP (S (ADVP-TMP (NP Two years) ago) , (NP-SBJ a Canadian reader) (VP bet (NP Omni Magazine) (NP $ 1,000 *U*) (SBAR that (S (NP-SBJ it) (VP could n't (VP debunk (NP (NP the uncanny goings-on) (PP-LOC in (NP `` (NP the Oregon Vortex) , '' (NP (NP a former Indian burial ground) (PP-LOC in (NP southern Oregon))))))))))) .)) (TOP (S (PP To (NP (NP viewers) (PP from (NP a distance)))) , (NP-SBJ-1 (NP visitors) (PP to (NP the spot))) (VP seemed (S (NP-SBJ *-1) (VP to (VP shrink (ADVP-MNR disproportionately) , (ADVP relative (PP to (NP the background))))))) .)) (TOP (S (NP-SBJ The magazine) (VP called (PRT in) (NP Mr. Hyman) (PP-CLR as (NP a consultant))) .)) (TOP (S (NP-SBJ He) (VP (VP showed (PRT up) (PP with (NP (NP a carpenter 's) level))) , (VP (ADVP-MNR carefully) measured (NP every surface)) and (VP showed (SBAR (WHADVP-2 how) (S (NP-SBJ-1 the apparent shrinkage) (VP was (VP caused (NP *-1) (PP by (NP-LGS the perspective)) (ADVP-MNR *T*-2))))))) .)) (TOP (NP-1 `` (NP A (ADJP very striking) illusion) , '' (PRN (S (NP-SBJ Mr. Hyman) (VP says (NP *-1) (ADVP-TMP now) , (S-ADV (NP-SBJ his voice) (VP dripping (PP with (NP skepticism))))))) , `` but (NP an illusion) (ADVP nevertheless) . '')) (TOP (S (NP-SBJ-1 The Canadian) (VP wound (PRT up) (S (NP-SBJ *-1) (VP writing (NP a check)))) .)) (TOP (S (S (NP-SBJ-1 (NP The Rev. Alphonsus Trabold) , (NP (NP a theology professor and exorcism expert) (PP-LOC at (NP (NP St. Bonaventure University) (PP-LOC in (NP (NP Olean) , (NP N.Y.)))))) ,) (ADVP-TMP frequently) (VP is (VP asked (NP-2 *-1) (S (NP-SBJ *-2) (VP to (VP exorcise (NP unruly spirits))))))) , and (S (NP-SBJ he) (ADVP-TMP often) (VP obliges)) .)) (TOP (S `` (S-TPC-1 (PP On (NP certain occasions)) (NP-SBJ a spirit) (VP could (VP (VP be (ADJP-PRD earthbound)) and (VP make (S (NP-SBJ itself) (ADJP-PRD known)))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ It) (VP happens) . '')) (TOP (S (NP-SBJ Father Trabold) (ADVP-TMP often) (VP uses (NP (SBAR-NOM (WHNP-1 what) (S (NP-SBJ he) (VP calls (S (NP-SBJ *T*-1) `` (NP-PRD a therapeutic exorcism) '')))) : (NP (NP a few prayers) and (NP (NP an admonition (S *ICH*-2)) (PP to (NP the spirit)) (S-2 (NP-SBJ *) (VP to (VP leave))))))) .)) (TOP (S `` (S-TPC-2 (SBAR-ADV If (S (NP-SBJ the person) (VP believes (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD an evil spirit))))))) , (NP-SBJ you) (VP ask (NP-3 it) (S (NP-SBJ-1 *-3) (VP to (VP be (VP gone (NP *-1))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S `` (NP-SBJ (NP The suggestion) (NP itself)) (VP may (VP do (NP the healing))) . '')) (TOP (S But (ADVP-TMP sometimes) (NP-SBJ-1 (ADJP more energetic) attacks) (VP are (VP required (NP *-1))) .)) (TOP (S (S-PRP (NP-SBJ *-2) (VP To (VP wrestle (PP-CLR with (NP a demon)) (PP-LOC in (NP (NP a house) (VP owned (NP *) (PP by (NP-LGS a (NAC-LOC Litchfield , Conn. ,) woman)))))))) , (NP-SBJ-2 the Warrens) (ADVP-TMP recently) (VP called (PRT in) (NP (NP an exorcist) , (NP the Rev. Robert McKenna) , (NP (NP a dissident clergyman) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP hews (PP-CLR to (NP (NP the Catholic Church 's) old Latin liturgy)))))))) .)) (TOP (S (S (NP-SBJ I) (VP attend)) , and (SINV (ADVP-PRD-TPC-1 so) (VP does (ADVP-PRD *T*-1)) (NP-SBJ (NP a television crew) (PP from (NP New York City)))) .)) (TOP (S (NP-SBJ Mr. Warren) (VP pronounces (S (NP-SBJ the Litchfield case) `` (NP-PRD your typical demonic infestation))) . '')) (TOP (S (S-TPC-1 (S (NP-SBJ A Scottish dwarf) (VP built (NP the small red house) (ADVP-TMP (NP 110 years) ago))) and (S (ADVP-TMP now) (NP-SBJ his demonic ghost) (VP haunts (NP it)))) , (NP-SBJ Mr. Warren) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The owner) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP begs (NP anonymity)))) ,) (VP asserts (SBAR that (S (NP-SBJ-2 the dwarf) , (S-ADV (NP-SBJ *-2) (VP appearing (PP-CLR as (NP a dark shadow)))) , (VP has (VP manhandled (NP her) , (S-ADV (NP-SBJ *-2) (VP (VP tossing (NP her) (PP-DIR around (NP the living room))) and (VP yanking (PRT out) (NP (NP a hank) (PP of (NP hair))))))))))) .)) (TOP (S (NP-SBJ Two previous exorcisms) (VP have (VP failed)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD a (ADJP very tenacious) ghost))) , '' (NP-SBJ Mr. Warren) (VP says (S *T*-1) (ADVP-MNR darkly)) .)) (TOP (S (NP-SBJ-1 Father McKenna) (VP moves (PP-DIR through (NP the house)) (S-ADV (NP-SBJ *-1) (VP (VP praying (PP-MNR in (NP Latin))) , (VP urging (NP-2 the demon) (S (NP-SBJ *-2) (VP to (VP split))))))) .)) (TOP (S (ADVP Suddenly) (NP-SBJ the woman) (VP begins (VP (VP swaying) and (ADVP then) (VP writhing))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 She) (VP 's (VP being (VP attacked (NP *-1) (PP by (NP-LGS the demon)))))) , '' (NP-SBJ Mrs. Warren) (VP stagewhispers (S *T*-2) (SBAR-TMP as (S (S (NP-SBJ the priest) (VP sprinkles (NP holy water) (PP-DIR over (NP the squirming woman)))) , and (S (NP-SBJ the television camera) (VP grinds))))) .)) (TOP (S (S (ADVP-TMP (NP A half-hour) later) , (NP-SBJ the woman) (VP is (VP smiling and chatting))) ; (S (NP-SBJ-1 the demon) (VP seems (S (NP-SBJ *-1) (VP to (VP have (VP gone)))))) .)) (TOP (S But (NP-SBJ Mr. Warren) (VP says (SBAR 0 (S (NP-SBJ the woman) (VP has (NP `` (NP psychic burns) '' (PP-LOC on (NP her back)) (PP from (NP the confrontation))))))) .)) (TOP (S (NP-SBJ-1 She) (VP declines (S (NP-SBJ *-1) (VP to (VP show (NP them))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ This) (VP was (NP-PRD (NP an invisible , powerful force) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD almost impossible (SBAR (WHNP-2 0) for (S (NP-SBJ a layman) (VP to (VP contemplate (NP *T*-2)))))))))))) , '' (NP-SBJ Mr. Warren) (VP says (S *T*-3) (ADVP-MNR solemnly) (SBAR-ADV as (S (NP-SBJ-4 the ghostbusting entourage) (VP packs (PRT up) (S-PRP (NP-SBJ *-4) (VP to (VP leave))))))) .)) (TOP (S-1 `` (NP-TMP This time) (ADVP though) , '' (PRN (S (NP-SBJ he) (VP says (S *T*-1)))) , `` (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ we) (VP got (NP it))))) . '')) (TOP (FRAG (NP (NP Lyrics) (PP from `` (NP-TTL Ghostbusters) '') (PP by (NP-LGS Ray S. Parker Jr.))) (NP-TMP 1984) (PP by (NP (NP (NP Golden Torch Music Corp.) (PRN -LRB- (NP ASCAP) -RRB-)) and (NP (NP Raydiola Music) (PRN -LRB- (NP ASCAP) -RRB-)))) .)) (TOP (S (NP-SBJ-1 (NP All administrative rights) (PP for (NP the U.S.))) (VP (ADVP jointly) controlled (NP *-1) (PP by (NP-LGS both companies))) .)) (TOP (S (NP-SBJ-1 International copyright) (VP secured (NP *-1)) .)) (TOP (S (NP-SBJ-1 *) (VP Made (NP *-1) (PP-LOC in (NP USA))) .)) (TOP (S (NP-SBJ-1 All rights) (VP Reserved (NP *-1)) .)) (TOP (S (NP-SBJ-1 *) (VP Reprinted (NP *-1) (PP-MNR by (NP permission))) .)) (TOP (S-HLN (NP-SBJ BROKERAGE HIRING) (VP languishes (PP-LOC amid (NP market turmoil))) .)) (TOP (S-HLN But (NP-SBJ survivors) (VP earn (NP more)) .)) (TOP (S (NP-SBJ Shearson Lehman Hutton Inc.) (VP counts (NP (NP (QP under 39,000) workers) , (ADVP (ADVP down (NP 100) (PP from (NP-TMP (NP the start) (PP of (NP the year))))) and (ADVP off (NP 8,500) (PP from (PP-TMP after (NP (NP its merger) and (NP (NP the market collapse)) (ADVP-TMP (NP two years) ago)))))))) .)) (TOP (S (NP-SBJ Another major firm) (VP has (VP cut (NP (NP 6,000 workers) , (NP (NP 13 %) (PP of (NP its staff))) ,) (PP-TMP since (NP Black Monday)))) .)) (TOP (S (NP-SBJ (NP The Bureau) (PP of (NP Labor Statistics))) (VP says (SBAR 0 (S (NP-SBJ (NP securities firms) (PP-LOC in (NP (NP New York City) (ADVP alone)))) (VP have (VP slashed (NP 17,000 jobs) (PP-DIR from (NP (NP the (UCP-TMP December 1987) peak) (PP of (NP 163,000))))))))) .)) (TOP (S (NP-SBJ (NP Average annual earnings) (PP of (NP (NP those) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP have (VP hung (PRT on)))))))) , (ADVP though) , (VP surged (PP-DIR to (NP $ 78,625 *U*) (NP-TMP last year)) (PP-DIR from (NP $ 69,553 *U*) (PP-TMP in (NP 1987)))) .)) (TOP (S (NP-SBJ-1 Any hiring) (VP is (VP confined (NP *-1) (PP-CLR to (NP retail sales)))) .)) (TOP (S (NP-SBJ Illinois Company Investments) (VP had (VP been (VP trimming (NP its ranks) (PP-TMP until (NP last summer))))) .)) (TOP (S But (ADVP-TMP then) (NP-SBJ-1 it) (VP was (VP acquired (NP *-1) (PP by (NP-LGS Household International Inc)))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ-1 it) (VP offers (NP richer commissions) (S-PRP (NP-SBJ *-1) (VP to (VP lure (NP (NP a broker) (NP-ADV a week)))))) .)) (TOP (S (NP-SBJ Interstate/Johnson Lane Inc.) (NP-TMP this year) (VP adds (NP 70 people) (PRN -- (S-ADV (NP-SBJ (NP 60) (PP of (NP them))) (PP-LOC-PRD in (NP retail))) --) (PP-CLR to (NP its 1,300-member staff))) .)) (TOP (S (NP-SBJ A.G. Edwards & Sons) (VP (VP runs (NP training classes)) and (VP looks (PP-CLR for (NP experienced brokers)))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ-2 We) (VP 're (ADVP-TMP always) (VP going (S (NP-SBJ *-2) (VP to (VP hire (NP (NP someone) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP consider (S (NP-SBJ *T*-1) (VP to (VP be (NP-PRD a winner)))))))))))))) , '' (NP-SBJ an Edwards official) (VP says (S *T*-3)) .)) (TOP (S-HLN (NP-SBJ-1 (NP SKILLED WORKERS) aplenty) (VP are (ADJP-PRD available (S (NP-SBJ *-1) (VP to (VP cope (PP-CLR with (NP earthquake damage))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP do n't (VP foresee (NP (NP any shortages) (PP-TMP over (NP the next few months)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Ken Allen) , (NP (NP an official) (PP of (NP (NP Operating Engineers Local 3) (PP-LOC in (NP San Francisco)))))) .)) (TOP (S (ADVP Ironically) , `` (PP-TMP up (PP until (NP the quake))) , (NP-SBJ-1 we) (VP (ADVP-MNR desperately) tried (S (NP-SBJ *-1) (VP to (VP fill (NP (NP jobs) , '' (PP (ADVP especially) for (NP crane and bulldozer operators))))))) .)) (TOP (S But (S (NP-SBJ the Oct. 17 temblor) (VP put (NP a halt) (PP-PUT to (NP much nonessential building)))) , and (S (NP-SBJ (NP heavy rains) (NP-TMP last week)) (VP slowed (NP the rest))) , (S-ADV (NP-SBJ *) (VP freeing (NP construction workers) (PP for (NP earthquake repairs)))) .)) (TOP (S (NP-SBJ (NP The supply) (PP of (NP experienced civil engineers))) , (ADVP though) , (VP is (ADJP-PRD tighter)) .)) (TOP (S (PP-TMP In (NP recent months)) , (NP-SBJ (NP California 's) Transportation Department) (VP has (VP been (VP recruiting (PP-LOC in (NP Pennsylvania , Arizona and Texas)) (PP-CLR for (NP (NP engineers) (ADJP experienced (PP in (NP road and bridge design)))))))) .)) (TOP (SINV (S-TPC-1 But , (PP with (NP (S-NOM (NP-SBJ the state) (VP offering (NP (NP (QP only $ 39,000) *U*) (NP-ADV a year)))) and (NP (NP (NP California 's) high standard) (PP of (NP living))))) , `` (NP-SBJ there) (VP are n't (NP-PRD (NP too many) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP choose (PP-CLR from (NP *T*-2)))))))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Brent Scott) , (NP a recruiting officer)) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ-1 the department) (VP (VP (ADVP-TMP now) has (NP 75 openings)) and (VP wants (S (NP-SBJ *-1) (VP to (VP hire (NP 625 civil engineers) (PP-TMP over (NP the next 15 months)))))))))) .)) (TOP (S-HLN (NP-SBJ THE IRS) (VP may (VP taketh (SBAR-NOM (WHNP-1 what) (S (NP-SBJ the Labor Department) (VP giveth (NP *T*-1)))))) .)) (TOP (S But (NP-SBJ *) (VP stay (ADJP-PRD tuned)) .)) (TOP (S (NP-SBJ Employee-benefit specialists) (VP drew (NP (NP a collective sigh) (PP of (NP relief))) (PP-TMP in (NP (NP early October) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the Labor Department) (VP backed (ADVP-DIR away (PP from (NP a proposal (SBAR that (S (NP-SBJ companies) (VP let (S (NP-SBJ former employees and beneficiaries) (PRN -- (PP along (PP with (NP active workers))) --) (VP borrow (PP-CLR against (NP (NP balances) (PP-LOC in (NP (NP 401 -LRB- k -RRB-) and (NP similar savings plans))))))))))))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (PP-LOC In (NP an advisory letter)) , (NP-SBJ the department) (VP said (SBAR that , (S (PP-TMP starting (NP Oct. 18)) , (NP-SBJ-1 loans) (VP could (VP be (VP limited (NP *-1) (PP-CLR to (NP `` (NP parties) (PP in (NP interest)) , '' (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (ADVP generally) (VP (VP means (NP active workers)) but (ADVP also) (VP includes (NP (NP retirees) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP continue (PP-MNR as (NP (NP directors) and (NP (ADJP 10 %) shareholders))))))))))))))))))) .)) (TOP (SINV (ADVP-TMP Now) comes (NP-SBJ word (SBAR that (S (NP-SBJ (NP IRS regulations) (VP being (VP drafted (NP *)))) (VP could (VP put (NP companies) (PP-PUT in (NP (NP violation) (PP of (NP the tax code)))) (SBAR-ADV if (S (NP-SBJ they) (VP (VP make (NP loans) (PP-CLR to (NP retiree shareholders and directors))) but (VP do n't (VP make (S (NP-SBJ them) (ADJP-PRD available (PP to (NP (NP other former workers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP usually) (VP earned (NP less)))))))))))))))))) .)) (TOP (S (NP-SBJ The IRS) (VP says (SBAR 0 (S (NP-SBJ-1 the question) (VP wo n't (VP be (VP settled (NP *-1) (SBAR-TMP until (S (NP-SBJ-2 the regulations) (VP are (VP issued (NP *-2) `` (ADVP-TMP shortly))))))))))) . '')) (TOP (S But (NP-SBJ violation) (VP could (VP bring (NP substantial tax penalties) (PP-DTV to (NP both employer and employees)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD (NP a severe case) (PP of (NP regulatory whiplash))))) , '' (VP complains (S *T*-1)) (NP-SBJ (NP Henry Saveth) (PP of (NP consultant A. Foster Higgins & Co))) .)) (TOP (S (NP-SBJ (NP Frederick Rumack) (PP of (NP Buck Consultants))) (VP has (VP asked (NP-1 Labor) (S (NP-SBJ-2 *-1) (VP to (VP recraft (NP its rule) (S-PRP (NP-SBJ *-2) (VP to (VP remove (NP the IRS threat))))))))) .)) (TOP (S-HLN (NP-SBJ CORPORATE DOWNSIZING) (VP digs (ADVP deeper)) .)) (TOP (S (NP-SBJ Outplacement consultant Right Associates) (VP says (SBAR 0 (S (S (NP-SBJ (NP the average pay) (PP of (NP its clients))) (VP fell (PP-DIR to (NP $ 66,743 *U*) (NP-TMP last year)) (PP-DIR from (NP $ 70,765 *U*) (PP-TMP in (NP 1987))))) ; (S (NP-SBJ severance pay) (VP dropped (PP-DIR to (NP 25 weeks)) (PP-DIR from (NP 29))))))) .)) (TOP (S (NP-SBJ Both) (VP reflect (NP (NP the dismissal) (PP of (NP (ADJP lower-level and shorter-tenure) executives)))) .)) (TOP (S-HLN (ADVP-TMP FIRST) (NP-SBJ *) (VP TEACH (NP THYSELF)) .)) (TOP (S (NP-SBJ Executives) (VP (ADVP universally) believe (SBAR 0 (S (NP-SBJ workers) (VP should (VP know (NP their employer-sponsored benefits)))))) .)) (TOP (S (S-TPC-1 But (NP-SBJ (QP three out of four) managers) (VP ca n't (VP (ADVP-MNR accurately) state (NP (NP the value) (PP of (NP their own packages)))))) , (NP-SBJ consultant Noble Lowndes) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (NP-HLN MEA CULPA .)) (TOP (S (NP-SBJ (NP (QP Fully 62) %) (PP of (NP (NP the doctors) (VP surveyed (NP *) (PP for (NP Metropolitan Life Insurance Co.)))))) (VP think (SBAR 0 (S (NP-SBJ their fellow physicians) (VP are (ADJP-PRD responsible (PP for (NP rising health-care costs))) , (ADVP-LOC ahead (PP of (NP (NP (NP hospitals) (PRN -LRB- (NP 55 %) -RRB-)) and (NP (NP patients) (PRN -LRB- (NP 48 %) -RRB-))))))))) .)) (TOP (S-HLN (INTJ NO) , (NP-SBJ YOU) (VP WORK) !)) (TOP (S (S-TPC-1 (NP-SBJ (NP (QP Only one in four) companies) (PP with (NP flexible benefit plans))) (VP lets (S (NP-SBJ workers) (VP buy or sell (NP vacation days))))) , (NP-SBJ consultant Towers Perrin) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ Employees) (VP like (NP the option))) but (S (NP-SBJ firms) (VP say (SBAR 0 (S (NP-SBJ it) (VP 's (ADJP-PRD too tough (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP run (NP *T*-1))))))))))) .)) (TOP (S-HLN (NP-SBJ STUDENTS) (VP SHUN (NP burger flipping) (PP-CLR for (NP (NP jobs) (VP tied (NP *) (PP-CLR to (NP careers)))))) .)) (TOP (S (NP-SBJ Some) (ADVP even) (VP study) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Fast-food jobs) (VP are n't (ADJP-PRD popular) (ADVP no matter (SBAR (WHNP-1 what) (S (NP-SBJ they) (VP pay (NP *T*-1))))))) , '' (VP says (S *T*-2)) (NP-SBJ a Tufts official) .)) (TOP (S-1 (NP-SBJ Working students) (PRN , (S (NP-SBJ she) (VP explains (SBAR 0 (S *T*-1)))) ,) (VP want `` (NP some satisfaction)) . '')) (TOP (S (NP-SBJ (NAC University (PP of (NP Michigan))) students) (VP look (PP-CLR for (NP (NP jobs) (VP related (NP *) (PP-CLR to (NP planned careers)))))) .)) (TOP (S (S (NP-SBJ Carnegie Mellon) , (ADVP though) , (VP says (SBAR 0 (S (NP-SBJ some students) (VP conclude (SBAR 0 (S (NP-SBJ-1 they) (VP can (VP help (NP their careers) (ADVP most) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP hitting (NP the books))))))))))))) : `` (S (NP-SBJ-2 They) (VP 're (VP opting (S (NP-SBJ *-2) (VP to (VP build (NP their resumes) (PP-MNR through (NP (NP good grades) and (NP (NP leadership roles) (PP-LOC in (NP fraternities))))))))))) . '')) (TOP (S (NP-SBJ (NP Slowing economies) (PP-LOC in (NP some areas))) (VP limit (NP student choice)) .)) (TOP (S (NP-SBJ (NP Student job postings) (PP-LOC at (NP Boston University))) (VP slip (NP-EXT 10 %) (NP-TMP this year) (PP-TMP following (NP (NP a (ADJP 10 %) drop) (PP-TMP in (NP 1988))))) .)) (TOP (S (ADVP Still) , (NP-SBJ the school) (VP says (SBAR 0 (S (S (NP-SBJ there) (VP are (NP-PRD an ample number))) and (S (NP-SBJ pay) (VP is (ADVP-PRD up (PP to (NP (NP $ 7.20 *U*) (NP-ADV an hour))) (PP from (NP $ 6.90 *U*) (NP-TMP last year)))))))) .)) (TOP (S (NP-SBJ (NP M.B.A. candidates) (PP-LOC at (NP (NP the University) (PP of (NP Pittsburgh))))) (VP earn (NP (NP (QP up to $ 15) *U*) (NP-ADV an hour)) (PP-CLR on (NP marketing or computer projects))) .)) (TOP (NP-HLN (NP THE CHECKOFF) : (NP Fiery ambition) :)) (TOP (S (NP-SBJ Hyatt Corp.) (VP hires (NP-1 (NP a (NAC University (PP of (NP Wyoming))) graduate) (PP with (NP (NP degrees) (PP-LOC in (NP (NP geology) and (NP petroleum engineering)))))) (PP-CLR for (NP (NP $ 7.50 *U*) (NP-ADV an hour))) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP tend (NP (NP wood fires) (PP-LOC at (NP a Colorado ski resort))))))) ... .)) (TOP (SQ Is (NP-SBJ somebody) (VP telling (NP us) (NP something)) ?)) (TOP (S (NP-SBJ-1 (NP Our copy) (PP of (NP Racine (PRN -LRB- (NP-LOC Wis .) -RRB-) Labor))) (VP comes (PP-DIR through (NP the mail)) (S-MNR (NP-SBJ *-1) (VP wrapped (PP-CLR around (NP (NP two sections) (PP of (NP Baseball Card News))))))) .)) (TOP (S (NP-SBJ Democracy) (VP is (VP making (NP (NP a return) (PP with (NP a vengeance)) (PP to (NP (NP Latin America 's) (ADJP (ADJP most populous) and (ADJP deeply indebted)) country))))) .)) (TOP (S (PP-TMP On (NP (NP Nov. 15) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Brazilians) (VP elect (NP a president) (PP for (NP (NP the first time) (PP-TMP in (NP 29 years)))) (ADVP-TMP *T*-1)))))) , (NP-SBJ (NP the country 's) (QP 82 million) voters) (VP will (VP have (NP (NP 22 candidates) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP choose (PP-CLR from (NP *T*-2))))))))) .)) (TOP (S (NP-SBJ-3 The candidates) (VP have (VP been (VP crisscrossing (NP (NP this huge country) (PP of (NP (QP 145 million) people))) , (S-ADV (NP-SBJ-4 *-3) (VP holding (NP (NP rallies) and (NP televised debates)) (PP-PRP in (NP (NP hope) (PP of (S-NOM (NP-SBJ-1 *-4) (VP being (VP elected (NP *-1) (PP-CLR to (SBAR-NOM (WHNP-2 what) (S (NP-SBJ *T*-2) (VP must (VP be (NP-PRD (NP (NP one) (PP of (NP (NP the world 's) (ADJP most thankless) political jobs))) : (S-NOM (NP-SBJ-5 *) (VP trying (S (NP-SBJ *-5) (VP to (VP drag (NP Brazil) (PP-DIR out (PP of (NP its (ADJP economic and social) mess))))))))))))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP feel (ADJP-PRD sorry (PP for (SBAR-NOM (WHNP-1 whoever) (S (NP-SBJ *T*-1) (VP wins))))))) , '' (VP says (S *T*-2)) (NP-SBJ a Brazilian diplomat) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 Who) (S (NP-SBJ that winner) (VP will (VP be (NP-PRD *T*-1))))) (VP is (ADJP-PRD highly uncertain)) .)) (TOP (S (NP-SBJ-2 A half-dozen candidates) , (S-ADV (NP-SBJ *-2) (VP backing (NP (NP policies) (VP ranging (PP-CLR (PP from (NP Thatcherism)) (PP to (NP watered-down Marxism))))))) , (VP are (VP given (NP *-2) (NP (NP a chance) (PP of (S-NOM (NP-SBJ *) (VP winning)))))) .)) (TOP (SINV `` (S-TPC-3 (SBAR-NOM-SBJ (WHNP-1 Whoever) (S (NP-SBJ *T*-1) (VP says (SBAR 0 (S (NP-SBJ he) (VP knows (SBAR (WHNP-2 (WHNP which) (PP of (NP the six))) (S (NP-SBJ *T*-2) (VP will (VP win)))))))))) (VP is (PP-PRD out (PP of (NP his mind))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Antonio Britto) , (NP (NP a centrist member) (PP of (NP Parliament)))) .)) (TOP (S (NP-SBJ The favorite) (VP remains (NP-PRD (NP Fernando Collor de Mello) , (NP (NP a 40-year-old former governor) (PP of (NP (NP the state) (PP of (NP Alagoas))))))) .)) (TOP (S (NP-SBJ-2 He) (VP came (PP-DIR out (PP of (NP nowhere))) (S-ADV (NP-SBJ *-2) (VP to (VP grab (NP (NP the lead) (PP-LOC in (NP opinion polls)))))) , (PP-PRP (ADVP (ADVP probably less) (PP *ICH*-3)) because of (NP (NP his vague program) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to `` (VP build (NP a new Brazil))) '')))) (PP-3 than (PP-PRP because of (NP (NP his good looks) , (NP (NP the open backing) (PP of (NP the powerful Rede Globo television network))) and (NP (NP his reputation) (PP as (NP (NP a hunter) (PP of (NP `` (NP maharajahs) , '' or (NP (ADJP overpaid and underworked) civil servants)))))))))) .)) (TOP (S But (PP-TMP after (S-NOM (NP-SBJ *-1) (VP building (PRT up) (NP a commanding lead)))) , (NP-SBJ-1 the (ADJP moderate to conservative) Mr. Collor) (VP has (VP slipped (PP-DIR to (NP (NP (QP about 30) %) (PP-LOC in (NP the polls)))) (PP-DIR from (NP (NP a high) (PP of (NP (QP about 43) %))) (ADVP-TMP (NP only a few weeks) ago)))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP avoid (NP a runoff)))) , (NP-SBJ-2 one candidate) (VP would (VP have (S (NP-SBJ *-2) (VP to (VP (VP win (NP (NP 50 %) (PP of (NP the vote)))) -- (NP (NP a feat) (SBAR (WHNP-1 that) (S (NP-SBJ most analysts) (VP consider (S (NP-SBJ *T*-1) (ADJP-PRD impossible)) (PP with (S-NOM (NP-SBJ (ADJP so many) candidates) (VP running)))))))))))) .)) (TOP (S (S (NP-SBJ (NP Two left-wing politicians) , (NP (NP (NP Socialist Leonel Brizola) , (NP (NP a former governor) (PP of (NP Rio de Janeiro state)))) , and (NP Marxist-leaning Luis Inacio da Silva)) ,) (ADVP-TMP currently) (VP are (VP running (ADVP-MNR neck and neck) (PP-CLR at (NP (QP about 15) %))))) , and (S (NP-SBJ-1 three other candidates) (VP are (VP given (NP *-1) (NP (NP a chance) (PP of (S-NOM (NP-SBJ *) (VP reaching (NP (NP the Dec. 17 runoff election) (PP between (NP (NP the two biggest vote-getters) : (NP (NP Social Democrat Mario Covas) and (NP (NP two conservatives) , (NP (NP (NP Paulo Salim Maluf) , (NP (NP a former governor) (PP of (NP (NP the state) (PP of (NP Sao Paulo)))))) , and (NP Guilherme Afif Domingos)))))))))))))) .)) (TOP (S (NP-SBJ The uncertainty) (VP is (VP sending (NP shivers) (PP-DIR through (NP Brazilian financial markets)))) .)) (TOP (S (NP-SBJ (NP The dollar) , (NP (NP the best indicator) (PP of (NP (NP the country 's) mood))) ,) (VP has (VP skyrocketed (PP-LOC on (NP the parallel market)) , (SBAR-ADV as (SINV has (NP-SBJ gold) (VP *?*))))) .)) (TOP (S (NP-SBJ-1 Capital flight) (VP is (VP reported (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD strong)))))) .)) (TOP (S (NP-SBJ The big question) (VP is (SBAR-PRD whether (S (NP-SBJ the new president) (VP will (VP have (NP (NP (NP the strength) and (NP (NP the political support) (PP-LOC in (NP Congress)))) (SBAR (WHADVP-1 0) (S (NP-SBJ-2 *) (VP to (VP take (NP steps) (S-PRP (NP-SBJ *-2) (VP to (VP cure (NP (NP Brazil 's) economic ills)))) (ADVP-MNR *T*-1))))))))))) .)) (TOP (S (NP-SBJ-3 (NP President Jose Sarney) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP took (NP office) (PP-TMP in (NP 1985)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP the man) (VP picked (NP *) (PP by (NP-LGS an electoral college)))) (VP became (ADJP-PRD critically ill) (ADVP-TMP *T*-2))))))) ,) (VP appears (S (NP-SBJ-4 *-3) (VP to (VP be (ADVP simply) (VP trying (S (NP-SBJ *-4) (VP to (VP avoid (NP hyperinflation))))))))) .)) (TOP (S (NP-SBJ (NP The unpopular Mr. Sarney) , (SBAR (WHNP-1 whose task) (S (NP-SBJ *T*-1) (VP was (S-PRD (NP-SBJ *) (VP to (VP bring (PRT about) (NP (NP a smooth transition) (PP to (NP democracy))) (PP-TMP after (NP (NP 21 years) (PP of (NP military rule)))))))))) ,) (VP is n't (VP seeking (NP re-election))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP comes (PP-DIR out (PP of (NP the ballot box)))))) (VP could (VP be (ADJP-PRD crucial) (PP-LOC in (S-NOM (NP-SBJ *) (VP determining (SBAR whether (S (NP-SBJ-2 Brazil) (VP (VP (ADVP finally) lives (PP-CLR up (PP to (NP (NP the potential) (PP of (NP (NP the world 's) (ADJP eighth largest) economy)))))) or (VP keeps (S (NP-SBJ *-2) (VP living (PP-CLR up (PP to (NP (NP its other , (ADJP less enviable) title) : (NP (NP that) (PP of (NP (NP (NP the developing world 's) largest debtor) , (VP teetering (PP on (NP (NP the brink) (PP of (NP hyperinflation))))) , (ADJP mired (PP in (NP deficits and stagnation))) , (PP with (S-NOM (NP-SBJ (NP huge economic inequalities) and (NP social discontent)) (VP boiling (PP-LOC under (NP the surface)))))))))))))))))))))) .)) (TOP (S-3 (SBAR-ADV If (S (NP-SBJ Brazil) (VP devises (NP (NP an economic strategy) (VP allowing (S (NP-SBJ it) (VP to (VP resume (NP (NP growth) and (NP service debt)))))))))) , (NP-SBJ this) (VP could (VP lead (S (NP-SBJ it) (VP to (VP (VP open (PRT up) (NP *RNR*-1)) and (VP deregulate (NP *RNR*-1)) (NP-1 its sheltered economy)))) (PRN , (S (NP-SBJ analysts) (VP say (S *T*-3))) ,) (SBAR-ADV just as (S (NP-SBJ Argentinian President Carlos Saul Menem) (VP has (VP been (VP doing (SBAR-ADV even though (S (NP-SBJ-2 he) (VP was (VP elected (NP *-2) (PP on (NP a populist platform))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (PP Depending (PP on (NP the president))) , (NP-SBJ we) (VP could (VP either (VP be (NP-PRD a trillion-dollar economy) (PP-TMP by (NP (NP the end) (PP of (NP the century))))) or (VP stay (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ we) (VP are (ADVP-LOC-PRD *T*-1)))))))) , '' (VP says (S *T*-2)) (NP-SBJ political scientist Amaury de Souza) .)) (TOP (S `` And (SBAR-NOM-SBJ (WHADVP-1 where) (S (NP-SBJ we) (VP are (ADVP-LOC-PRD *T*-1)))) (VP is (ADJP-PRD bad)) . '')) (TOP (S (PP Despite (NP (NP valiant efforts) (PP by (NP-LGS Finance Minister Mailson Ferreira da Nobrega)))) , (NP-SBJ-1 inflation) (VP (VP came (PP-DIR to (NP 36 %)) (PP-TMP in (NP September alone))) and (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP top (NP 1,000 %) (PP-TMP for (NP the year)))))))) .)) (TOP (S (S (NP-SBJ-1 That) (VP might (VP have (VP been (VP considered (S (NP-SBJ *-1) (NP-PRD hyperinflation)) (ADVP-TMP not long ago)))))) , but (S (NP-SBJ-2 Argentina) (VP endured (NP (NP price increases) (PP of (NP (QP almost 200) %))) (PP-TMP in (NP July)) (PP-TMP before (S-NOM (NP-SBJ *-2) (VP bringing (NP the rate) (PRT down) (ADVP-MNR sharply) (PP-TMP in (NP August and September))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ massive internal debt) (VP has (VP forced (S (NP-SBJ-1 the government) (VP (VP to (VP borrow (ADVP-MNR massively) (PP-LOC on (NP the domestic market)))) and (VP to (VP offer (NP (NP inflation-adjusted returns) (PP of (NP (NP (QP 2 % to 3 %) *U*) (NP-ADV a month)))))) (S-PRP (ADVP just) (NP-SBJ *-1) (VP to (VP get (S (NP-SBJ investors) (VP to (VP hold (PRT on) (PP-CLR to (NP its paper)))))))))))) .)) (TOP (S (NP-SBJ-2 (QP About $ 70 billion) *U*) (VP is (VP estimated (S (NP-SBJ *-2) (VP to (VP be (VP tied (PRT up) (PP-CLR in (NP (NP the short-term money market) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP acts (PP-CLR both as (NP (NP (NP a hedge) (PP against (NP inflation)) (PP for (NP consumers))) and (NP (NP an accelerator) (PP of (NP inflation and deficits)) (PP for (NP the government)))))))))))))))) .)) (TOP (S (PP By (NP some estimates)) , (NP-SBJ (NP Brazil 's) (NX (NX internal debt) , or (NX combined public deficit)) ,) (VP could (VP reach (NP (NP 6.5 %) (PP of (NP its (ADJP (QP $ 351 billion) *U*) gross domestic product ))))) .)) (TOP (S (NP-SBJ (NP Much) (PP of (NP the money))) (VP goes (PP-DIR into (NP (NP subsidies) or (S-NOM (NP-SBJ *) (VP keeping (S (NP-SBJ inefficient state-controlled companies) (VP operating))))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Among (NP the results)) (VP is (PP-LOC-PRD *T*-1)) (NP-SBJ (NP a frequent breakdown) (PP of (NP public services))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP 's not (ADJP-PRD uncommon) (S-1 (NP-SBJ-3 *) (VP (VP to (VP wait (NP three minutes) (PP-CLR for (NP a dial tone)) (PP-TMP after (S-NOM (NP-SBJ *-3) (VP picking (PRT up) (NP the telephone)))))) , and (VP (ADVP-TMP then) to (VP be (VP interrupted (NP *-3) (PP by (NP-LGS a busy signal)) (PP-TMP before (S-NOM (NP-SBJ *-3) (VP finishing (VP dialing (NP the number))))))))))) .)) (TOP (S (NP-SBJ Officials) (ADVP also) (VP say (SBAR 0 (S (NP-SBJ a national electricity shortage) (VP might not (VP be (ADVP-LOC-PRD far off)))))) .)) (TOP (S (NP-SBJ (NP Economists) , (NP businessmen) and (NP some politicians)) (VP agree (SBAR that (S (NP-SBJ the answer) (VP is (NP-PRD (NP an orthodox economic austerity program) (PP including (NP (NP reduced state spending) ; (S-NOM (NP-SBJ *) (VP focusing (NP spending) (PP-CLR on (NP (NP vital areas) (PP such as (NP education , health and welfare)))))) ; (S-NOM (NP-SBJ *) (VP turning (S (NP-SBJ state companies) (ADJP-PRD private)))) ; (S-NOM (NP-SBJ *) (VP reforming (NP the tax system))) , (S-NOM (NP-SBJ *) (VP raising (NP public service rates) (S-PRP (NP-SBJ *) (VP to (VP match (NP costs)))))) ; and (ADVP possibly) (NP (NP a temporary wage and price freeze) and (NP (NP a devaluation) (PP of (NP the cruzado))))))))))) .)) (TOP (S (NP-SBJ Analysts) (ADVP also) (VP say (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP 's (ADJP-PRD inevitable) (SBAR-2 that (S (NP-SBJ-3 Brazil) (VP will (VP seek (S (NP-SBJ *-3) (VP to (VP renegotiate (NP (NP its (ADJP (QP $ 115 billion) *U*) foreign debt ) , (SBAR (WHPP-1 on (WHNP which)) (S (NP-SBJ it) (VP suspended (NP (NP interest payments) (PP *T*-1)) (NP-TMP last month)))))))))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP say , (ADVP however) , (SBAR that (S (NP-SBJ-2 a tough economic program) (VP would (VP have (S (NP-SBJ-1 *-2) (VP to (VP be (VP accompanied (NP *-1) (PP by (NP-LGS (NP measures) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP shield (NP the poor) (PP-CLR from (NP its recessionary effects)) , (PP for (NP instance)) (PP-MNR by (S-NOM (NP-SBJ *) (VP subsidizing (NP staple food items))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (QP About 80) %) (PP of (NP (NP Brazil 's) voters))) (VP are (VP believed (S (NP-SBJ *-1) (VP to (VP live (PP-LOC-CLR near (NP the poverty level))))))) .)) (TOP (S (PP Of (NP (NP the three candidates) (PP with (NP (NP a serious chance) (PP of (S-NOM (NP-SBJ *) (VP winning))))))) , (NP-SBJ Mr. Collor) (VP comes (ADVP-DIR closest (PP to (S-NOM (NP-SBJ *) (VP advocating (NP (NP the sort) (PP of (NP measures)) (SBAR (WHNP-1 that) (S (NP-SBJ economists) (VP say (SBAR 0 (S (NP-SBJ *T*-1) (VP are (ADJP-PRD necessary))))))))))))) .)) (TOP (S But (NP-SBJ his inexperience) (VP raises (NP doubts (SBAR that (S (NP-SBJ he) (VP would (VP have (NP the political power (S (NP-SBJ *) (VP to (VP carry (NP them) (PRT out))))))))))) .)) (TOP (S (S (NP-SBJ The 67-year-old Mr. Brizola) (VP has (VP (VP been (ADJP-PRD-1 vague (PP about (NP his intentions)))) and (VP (ADVP-TMP often) (ADJP-PRD=1 inflammatory) (PP-LOC in (NP his rhetoric)))))) , but (S (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ he) (ADVP probably) (VP would (VP be (ADJP-PRD pragmatic))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. da Silva) , (NP a 43-year-old former factory worker and labor leader) ,) (VP is (NP-PRD the (ADJP most radical)) , (S-ADV (NP-SBJ-2 *-1) (VP (VP vowing (S (NP-SBJ *-2) (VP to (VP withhold (NP (NP payments) (PP on (NP the foreign debt))))))) and (VP saying (SBAR 0 (S (NP-SBJ-3 he) `` (VP would n't (VP go (ADVP-DIR around) (S-CLR (NP-SBJ *-3) (VP putting (NP the country) (PP-PUT up (PP for (NP (NP sale) (PP to (NP the highest bidder))))))))))))))) . '')) (TOP (S But (PP despite (NP (NP the differences) (PP-LOC in (SBAR (WHNP-1 what) (S (NP-SBJ they) (VP say (NP *T*-1))))))) , (PP according (PP to (NP (NP some analysts) (ADVP-LOC here)))) , (NP-SBJ economic constraints) (VP mean (SBAR 0 (S (NP-SBJ the next president) (VP may not (VP have (NP (NP many choices) (PP about (SBAR-NOM (WHNP-2 what) (S (NP-SBJ he) (VP does (NP *T*-2))))))))))) .)) (TOP (S-HLN (NP-SBJ Hospital Regulation) (VP Sparks (NP Kentucky Feud)))) (TOP (SBARQ (WHNP-1 WHICH) (SQ (NP-SBJ *T*-1) (VP IS (NP-PRD (NP (NP the best medicine) (PP for (NP runaway health costs))) : (NP competition or regulation)))) ?)) (TOP (S (NP-SBJ The question) (VP is (PP-LOC-PRD at (NP (NP the root) (PP of (NP (NP a brawl) (PP between (NP (NP (NP Humana Inc.) , (NP the big for-profit hospital and insurance company)) , and (NP (NP its not-for-profit brethren) (PP-LOC in (NP (NP its home state) (PP of (NP Kentucky)))))))))))) .)) (TOP (S (NP-SBJ The battle) (VP focuses (PP-CLR on (NP (NP (NP the state 's) certificate-of-need law) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP regulates (NP (NP investment) (PP-LOC in (NP new medical technology))))))))) .)) (TOP (S (NP-SBJ The law) (VP has (VP prevented (NP (NP (QP $ 216 million) *U*) (PP of (NP unnecessary expenditures))) (PP-TMP since (NP 1986)) , (PP according (PP to (NP (NP William S. Conn) , (NP (NP president) (PP of (NP the Kentucky Hospital Association)))))))) .)) (TOP (S But (PP according (PP to (NP (NP David Jones) , (NP (NP Humana 's) chief executive)))) , (NP-SBJ it) (VP (VP promotes (NP technology monopolies)) , (VP stifles (NP innovation)) and (VP raises (NP prices))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the Legislature) (VP does n't (VP repeal (NP (NP the law) , (ADJP due (PP for (NP revision)) (PP-TMP in (NP 1990))) ,))))) (NP-SBJ Mr. Jones) (VP says (SBAR 0 (S (NP-SBJ Humana) (VP may (VP move (NP (NP its insurance operations) , (PP including (NP (NP 3,000 jobs) (PP-LOC in (NP Louisville)))) ,) (PP-DIR to (NP another state))))))) .)) (TOP (S (NP-SBJ The company) (VP complains (SBAR that (S (NP-SBJ it) (VP paid (NP (QP $ 10 million) *U*) (PP-DTV to (NP non-Humana hospitals)) (PP-TMP in (NP its latest fiscal year)) (PP-CLR for (NP (NP services) (VP provided (NP *) (PP-DTV to (NP its insurance plan members))))))))) .)) (TOP (S But (NP-SBJ Humana) (VP says (SBAR 0 (S (NP-SBJ its own facilities) (VP could (VP serve (NP its insured) (PP-CLR for (NP less)) (SBAR-ADV if (S (NP-SBJ they) (VP were (ADJP-PRD properly equipped))))))))) .)) (TOP (S (NP-SBJ Mr. Conn) (VP charges (SBAR that (S (NP-SBJ (NP Humana 's) own actions) (VP undermine (NP its argument))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ (NP a hospital) (PP-LOC in (NP Lexington))) (VP installed (NP a lithotripter) (NP-TMP last year) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP demand) (PP for (NP a similar kidney-stone smashing machine)) (PP-LOC at (NP (NP a Humana hospital) (PP-LOC in (NP Louisville))))) (VP fell (NP-EXT 34 %)) .)) (TOP (S-2 (NP-SBJ-3 The Humana hospital) (VP (VP responded (PP-MNR by (S-NOM (NP-SBJ-4 *-3) (VP jacking (PRT up) (NP prices) (S-PRP (NP-SBJ *-4) (VP to (VP make (PRT up) (PP-CLR for (NP lost revenue))))))))) (PRN , (S (NP-SBJ Mr. Conn) (VP says (SBAR 0 (S *T*-2)))) ,) and (VP (ADVP-TMP now) charges (NP (QP as much as $ 8,000) *U*) (PP-CLR for (NP (NP the procedure) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP costs (ADVP only) (NP (QP about $ 3,500) *U*) (PP-LOC in (NP Lexington))))))))) .)) (TOP (S (NP-SBJ Humana) (VP contends (SBAR (SBAR that (S (NP-SBJ $ 8,000 *U*) (VP represents (NP an extreme case)))) and (SBAR that (S (NP-SBJ (NP its regular charge) (PP for (NP lithotripsy))) (VP is (NP-PRD $ 4,900 *U*)))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP (NP another hospital 's) proposal) (PP for (NP a new-generation lithotripter))) (VP is (ADJP-PRD pending) (PP-LOC before (NP (NP the board) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP administers (NP the certificate-of-need law))))))) .)) (TOP (S (NP-SBJ (NP Humana) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP wants (S (NP-SBJ *-3) (VP to (VP acquire (NP (NP one) (PP of (NP the new machines))) (NP-ADV itself))))))) ,) (VP is (PP-PRD on (NP the record)) (PP as (ADJP opposed (PP to (NP the proposal))))) .)) (TOP (S-HLN (NP-SBJ Debt-Burdened Doctors) (VP Seek (NP Financial Security)))) (TOP (S (NP-SBJ HEALTH-CARE experts) (VP have (ADVP-TMP long) (VP worried (SBAR that (S (NP-SBJ (NP young doctors) (VP emerging (PP-DIR from (NP medical school)) (PP-MNR with (NP (NP a mountain) (PP of (NP debt)))))) (VP will (VP choose (NP (NP careers) (PP-LOC in (NP (NP high-paying specialties) (PP instead of (NP (NP primary care) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 more physicians) (VP are (VP needed (NP *-1) (ADVP most) (ADVP-LOC *T*-2)))))))))))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ there) (VP 's (NP-PRD (NP a new wrinkle) (S *ICH*-2)) (PP-LOC in (SBAR-NOM (WHNP-1 what) (S (NP-SBJ young doctors) (VP want (NP *T*-1))))) : (S-2 (NP-SBJ (NP (QP More than half)) (PP of (NP 300 residents)) (VP responding (PP-CLR to (NP recent survey)))) (VP said (SBAR 0 (S (NP-SBJ they) (VP 'd (VP prefer (NP a guaranteed salary) (PP-CLR over (NP traditional fee-for-service compensation)) (PP-LOC in (NP their first professional position))))))))) .)) (TOP (S And (NP-SBJ 81 %) (VP preferred (NP a group practice or health maintenance organization) , (SBAR-ADV while (S (NP-SBJ (QP just 11) %) (VP favored (NP solo practice))))) .)) (TOP (SINV `` (S-TPC-2 (ADVP-TMP (NP Ten years) ago) , (NP-SBJ-3 a physician) (VP would (VP (VP go (PP-DIR to (NP a town))) and (VP take (PRT out) (NP a loan) (PRN -LRB- (S-PRP (NP-SBJ *-3) (VP to (VP start (NP a practice)))) -RRB-))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP James Merritt) , (NP (NP president) (PP of (NP (NP Merritt , Hawkins & Associates) , (NP (NP an (NAC-LOC Irvine , Calif. ,) physician recruiter) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP conducted (NP the survey))))))))) .)) (TOP (S `` (NP-SBJ They) (VP wo n't (VP do (NP that) (ADVP-TMP very often) (NP-TMP today) (ADVP at all))) .)) (TOP (S (NP-SBJ They) (VP 're (VP looking (PP-CLR for (NP (NP something) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD very safe)))))))) . '')) (TOP (FRAG (NP (NP The numbers) (PP-LOC behind (NP such fears))) : (SINV (S-TPC-1 (NP-SBJ (NP The average debt) (PP of (NP (NP medical school graduates) (SBAR (WHNP-3 who) (S (NP-SBJ-2 *T*-3) (VP borrowed (S-PRP (NP-SBJ *-2) (VP to (VP pay (PP-CLR for (NP their education))))))))))) (VP jumped (NP-EXT 10 %) (PP-DIR to (NP $ 42,374 *U*) (NP-TMP this year)) (PP-DIR from (NP $ 38,489 *U*) (PP-TMP in (NP 1988))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP the Association) (PP of (NP American Medical Colleges)))) .)) (TOP (S (NP-SBJ That) (VP 's (ADJP-PRD (ADJP (NP-ADV 115 %) more) (PP than (PP-TMP in (NP 1981))))) .)) (TOP (S (NP-SBJ Money) (VP is n't (NP-PRD (NP the only reason) (PP for (NP (NP the shift) (PP-LOC in (NP practice preferences)))))) .)) (TOP (SINV (S-3 (NP-SBJ It) (VP reflects (NP (NP values) (PP of (NP (NP a generation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP wants (NP (NP more time) (PP for (NP (NP families) and (NP personal interests)))))))))))) , (VP says (S *T*-3)) (NP-SBJ (NP John H. Moxley III) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP directs (NP physician-executive searches) (PP for (NP Korn/Ferry International)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD (NP a change) (PP in (NP (NP the social fabric) (PP of (NP medicine))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S-HLN (NP-SBJ Related Roommates) (VP Trim (NP Hospital Bills)))) (TOP (S (SBAR-TMP (WHADVP-1 WHEN) (S (NP-SBJ Catherine Bobar) (VP spent (NP-TMP several weeks) (PP-LOC at (NP (NP the Medical Center) (PP of (NP Vermont)))) (ADVP-TMP recently) (PP with (NP (NP a bone infection) (PP in (NP her toe)))) (ADVP-TMP *T*-1)))) , (NP-SBJ she) (VP shared (NP a room) (PP just like (NP most patients))) .)) (TOP (S But (PP unlike (NP most patients)) , (NP-SBJ her roommate) (VP was (NP-PRD her husband)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP It) (S *EXP*-3)) (VP was (ADVP certainly) (ADJP-PRD good) (S-3 (NP-SBJ *) (VP to (VP have (S (NP-SBJ him) (ADJP-PRD handy))))))) , '' (NP-SBJ Mrs. Bobar) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ The 12-bed `` cooperative care '' unit) (VP is (NP-PRD (NP one) (PP of (NP (NP (QP about 18)) (ADVP-LOC nationwide) (SBAR (WHADVP-1 where) (S (NP-SBJ a family member or friend) (VP helps (VP care (PP-CLR for (NP (NP a patient) (PP-LOC in (NP the hospital)))) (ADVP-LOC *T*-1))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The philosophy) (VP is (S-PRD (NP-SBJ *) (VP to (VP make (S (NP-SBJ (NP the patient) and (NP the family)) (ADJP-PRD very responsible (PP for (NP (NP a portion) (PP of (NP their own care))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Anthony J. Grieco) , (NP (NP medical director) (PP of (NP cooperative care)) (PP-LOC at (NP (NP New York University Medical Center) , (SBAR (WHADVP-2 where) (S (NP-SBJ the concept) (VP began (ADVP-TMP-CLR (NP 10 years) ago) (ADVP-LOC *T*-2)))))))) .)) (TOP (S `` (S (NP-SBJ It) (VP helps (NP (NP us) , and (NP them)) , (SBAR-TMP while (S (NP-SBJ they) (VP 're (ADVP-LOC-PRD here)))))) , and (S (NP-SBJ it) (ADVP certainly) (VP makes (S (NP-SBJ them) (NP-PRD a better health-care team) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP get (ADVP-LOC-CLR home) (ADVP-TMP *T*-1))))))) . '')) (TOP (S (NP-SBJ It) (ADVP also) (VP saves (NP money)) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ patients) (VP require (NP (NP less attention) (PP from (NP (NP nurses) and (NP other staff))))))) , (NP-SBJ room charges) (VP are (ADJP-PRD (ADJP lower) -- (ADJP (ADJP (NP-ADV (QP about $ 100) *U*) less (PP per (NP day))) (PP than (NP (NP a regular room) (PP-LOC at (NP the Vermont hospital))))))) .)) (TOP (S (NP-SBJ (NP (NP Cancer patients) (VP needing (NP prolonged radiation therapy))) , (NP (NP diabetics) (VP learning (S (NP-SBJ *) (VP to (VP manage (NP their blood sugar levels)))))) , and (NP cardiac bypass patients)) (VP are (PP-LOC-PRD among (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP spend (NP time) (PP-CLR on (NP cooperative-care units)))))))) .)) (TOP (S (NP-SBJ The approach) (VP has (VP generated (NP (NP (ADJP so much) interest) (SBAR that (S (NP-SBJ NYU) (VP is (NP-PRD (NP host) (PP to (NP (NP the first conference) (PP on (NP cooperative care)) (NP-TMP Nov. 30)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (ADVP really) (NP-PRD (NP part) (PP of (NP (NP the hospital) (PP of (NP the 21st century))))))) , '' (NP-SBJ Dr. Grieco) (VP says (S *T*-1)) .)) (TOP (NP-HLN Odds and Ends)) (TOP (S (S (NP-SBJ THE CHIEF NURSING officer) (VP can (VP be (ADJP-PRD responsible (PP for (NP (NP (QP more than 1,000) employees) and (NP (NP (QP at least one-third)) (PP of (NP (NP a hospital 's) budget))))))))) ; (S (NP-SBJ a head nurse) (ADVP typically) (VP oversees (NP (NP (QP up to 80) employees) and (NP (QP $ 8 million) *U*)))) .)) (TOP (SINV (ADVP-CLR-TPC-3 So) (VP says (ADVP-CLR *T*-3)) (NP-SBJ (NP the Commonwealth Fund) , (NP (NP a New York philanthropist) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (VP sponsoring (NP (NP a (ADJP (QP $ 1 million) *U*) project ) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP develop (NP (NP joint masters) (PP-LOC in (NP business and nursing programs))) (PP-LOC at (NP 10 universities)) (ADVP *T*-2)))))))))))) ... .)) (TOP (S (NP-SBJ (NP Meharry Medical College) (PP-LOC in (NP (NP Nashville) , (NP Tenn.) ,))) (VP launches (NP (NP a new research publication) (NP *ICH*-1)) (PP-TMP in (NP the spring)) : (NP-1 (NP the Journal) (PP on (NP (NP Health Care) (PP for (NP the (ADJP Poor and Underserved))))))) .)) (TOP (S (NP-SBJ-2 (NP A group) (PP of (NP Michigan investors))) (VP (VP has (VP offered (S (NP-SBJ *-2) (VP to (VP buy (NP (NP Knight-Ridder Inc. 's) ailing Detroit Free Press) (PP-CLR for (NP (QP $ 68 million) *U*))))))) but (VP has (VP left (S (ADJP-PRD unclear) (SBAR-SBJ (WHADVP-3 how) (S (NP-SBJ-1 the offer) (VP will (VP be (VP financed (NP *-1) (ADVP-MNR *T*-3)))))))))) .)) (TOP (S (NP-SBJ The offer) (VP came (ADVP-TMP just prior (PP to (NP (NP arguments) (PP-LOC before (NP the U.S. Supreme Court)) (PP over (SBAR-NOM whether (S (NP-SBJ-1 the Free Press) (VP should (VP be (VP allowed (S (NP-SBJ *-1) (VP to (VP enter (PP-CLR into (NP (NP a joint operating pact) (PP with (NP (NP Gannett Co. 's) Detroit News))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The group) (VP led (NP *) (PP by (NP-LGS (NAC-LOC Birmingham , Mich. ,) publicist William D. McMaster)))) (VP did n't (VP (VP name (NP (NP an investment banker) (VP backing (NP the deal)))) or (VP say (SBAR (WHNP-1 how much) (S (NP-SBJ its members) (VP will (VP contribute (NP *T*-1) (PP-CLR to (NP the offer))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP some individuals) (VP identified (NP *) (PP-CLR with (NP the group)))) (VP said (SBAR 0 (S (NP-SBJ they) (VP (VP have n't (VP committed (NP any money) (PP-CLR to (NP the bid)))) and (VP were n't (ADJP-PRD aware (PP of (NP it))) (SBAR-TMP until (S (NP-SBJ they) (VP heard (PP-CLR about (NP it)) (PP-LOC in (NP local news accounts)) (PP-TMP over (NP the weekend)))))))))) .)) (TOP (S (NP-SBJ Knight-Ridder) (VP would n't (VP comment (PP-CLR on (NP the offer)))) .)) (TOP (S (NP-SBJ The company) (VP (VP has (VP said (SBAR 0 (S (NP-SBJ the paper) (VP is n't (PP-PRD for (NP sale))))))) , and (VP has (VP rebuffed (NP (NP (NP Mr. McMaster 's) earlier requests) (PP for (NP (NP access) (PP to (NP Free Press financial statements)))))))) .)) (TOP (S (PP-LOC In (NP (NP his letter) (PP to (NP Knight-Ridder President (NP James K. Batten))))) , (NP-SBJ Mr. McMaster) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP arrived (PP-CLR at (NP the (ADJP (QP $ 68 million) *U*) figure )) (S-MNR (NP-SBJ *-1) (VP using (NP (NP (NP Knight-Ridder 's) corporate financial statements) and (NP (NP comments) (PP by (NP Knight-Ridder officials)) (SBAR that (S (NP-SBJ the Free Press) (VP has (NP (NP a (ADJP (QP $ 50 million) *U*) value ) (PP in (NP salvage)))))))))))))) .)) (TOP (S But (PP-LOC in (NP an interview)) , (NP-SBJ Mr. McMaster) (VP said (SBAR 0 (S (NP-SBJ-1 (NP he) and (NP his investment banker)) (VP would (VP need (NP (NP access) (PP to (NP full financial records))) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP firming (PRT up) (NP the offer))))))))) .)) (TOP (S (NP-SBJ Mitsui & Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP started (NP (NP a joint venture) (PP with (NP (NP Dae Woong Chemical Co.) , (NP (NP a major pharmaceutical manufacturer) (PP-LOC in (NP South Korea))) ,)) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP manufacture (NP antibiotic medicines) (ADVP *T*-1)))))))))) .)) (TOP (S (NP-SBJ-1 The new company) (VP is (VP capitalized (NP *-1) (PP-CLR at (NP (QP about $ 3.5 million) *U*)))) .)) (TOP (S (NP-SBJ Mitsui) (VP expects (S (NP-SBJ-2 the antibiotic products) (VP to (VP be (VP exported (NP *-2) (PP-DIR to (NP (NP Southeast Asia) and (NP Africa)))))))) .)) (TOP (S (NP-SBJ-1 It) (ADVP also) (VP hopes (S (NP-SBJ *-1) (VP to (VP enter (NP the U.S. market))))) .)) (TOP (S (NP-SBJ NRM Energy Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP filed (NP materials) (PP-CLR with (NP the Securities and Exchange Commission)) (S-ADV (NP-SBJ *) (VP calling (SBAR for (S (NP-SBJ it) (VP to (VP restructure (PP-CLR into (NP a corporation)) (PP-CLR from (NP a limited partnership)))))))))))) .)) (TOP (S (NP-SBJ The partnership) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP proposing (NP the change) (SBAR-PRP largely because (S (NP-SBJ (NP the provisions) (PP of (NP its senior notes))) (VP restrict (NP-1 it) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP making (NP distributions) (PP-CLR on (NP (NP its units) (ADJP outstanding)))))))))))))) .)) (TOP (S (NP-SBJ NRM) (VP (VP suspended (NP-3 its common distribution) (PP-TMP-2 in (NP June 1988))) and (VP (NP=3 (NP the distribution) (PP on (NP its (ADJP $ 2 *U*) cumulative convertible acquisition preferred units ))) (PP-TMP=2 in (NP September)))) .)) (TOP (S (S-TPC-1 (ADVP However) , (NP-SBJ (NP unpaid distributions) (PP on (NP (NP the acquisition) (VP preferred (NP *))))) (VP (VP are (ADJP-PRD cumulative)) and (VP would (VP total (NP (NP (QP $ 23 million) *U*) (NP-ADV a year)) , (S-ADV (NP-SBJ *) (VP hurting (NP (NP (NP NRM 's) financial flexibility) and (NP its ability (S (NP-SBJ *) (VP to (VP raise (NP capital)))))))))))) , (NP-SBJ NRM) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC In (S-NOM (NP-SBJ *) (VP following (NP (NP several other oil and gas partnerships) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP made (NP (NP the conversion) (PP to (NP a corporation))) (PP-TMP in (NP the last year)))))))))) , (NP-SBJ NRM) (ADVP also) (VP (VP noted (SBAR that (S (NP-SBJ (NP tax advantages) (PP for (NP partnerships))) (VP have (VP diminished (PP-CLR under (NP new tax laws))))))) and (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP save (NP (NP $ 2 million *U*) (NP-ADV a year) (PP in (NP administrative costs))) (PP-CLR from (NP the change)))))))) .)) (TOP (S (PP-LOC Under (NP the plan)) , (NP-SBJ NRM) (VP said (SBAR 0 (S (NP-SBJ (NP holders) (PP of (NP its common units))) (VP will (VP receive (NP (NP one share) (PP of (NP (NP new common stock) (PP-LOC in (NP Edisto Resources Corp.))))) (PP for (NP (NP every 14.97 common units) (VP owned (NP *))))))))) .)) (TOP (S (NP-SBJ (NP Holders) (PP of (NP (NP NRM 's) (ADJP $ 2 *U*) cumulative convertible acquisition preferred units ))) (VP will (VP receive (NP (NP one new common share) (PP-LOC in (NP Edisto))) (PP for (NP (NP every 1.342 units) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP own (NP *T*-1)))))))) .)) (TOP (S (PP-TMP After (NP the transaction)) , (S (NP-SBJ current common unitholders) (VP will (VP own (NP (NP (QP about 21.3) %) (PP of (NP Edisto)))))) , (S (NP-SBJ current acquisition preferred holders) (VP will (VP own (NP 72.3 %)))) , and (S (NP-SBJ (NP current stockholders) (PP of (NP Edisto))) (VP will (VP own (NP (NP (QP about 6.4) %) , (NP (NP about the same stake) (SBAR as (S (NP-SBJ Edisto) (VP owns (NP *?*) (ADVP-TMP now) (PP in (NP NRM)))))))))) .)) (TOP (S (NP-SBJ Edisto) (ADVP-TMP currently) (VP is (NP-PRD (NP the general partner) (PP of (NP NRM)))) .)) (TOP (S (PP As (NP (NP the largest holder) (PP of (NP acquisition preferred units)))) , (NP-SBJ Mesa Limited Partnership) (VP would (VP own (NP (NP (QP about 28) %) (PP of (NP Edisto))) (PP-TMP after (NP the transaction)))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP the transaction)))) , (NP-SBJ-1 Edisto) (VP agreed (S (NP-SBJ *-1) (VP to (VP give (NP (NP Mesa) , (NP (NP an (NAC-LOC Amarillo , Texas ,) oil and gas partnership) (VP managed (NP *) (PP by (NP-LGS T. Boone Pickens Jr.)))) ,) (NP (NP a seat) (PP on (NP its board))))))) .)) (TOP (S (NP-SBJ NRM) (VP said (SBAR 0 (S (NP-SBJ-1 its (ADJP $ 2.60 *U*) senior cumulative convertible preferred units) (VP will (VP be (VP converted (NP *-1) (PP-CLR into (NP (NP an equal number) (PP of (NP (NP shares) (PP of (NP (NP (ADJP $ 2.60 *U*) senior cumulative convertible preferred stock) (PP of (NP Edisto)))))))))))))) .)) (TOP (S (NP-SBJ The transaction) (VP is (ADJP-PRD subject (PP to (NP (NP approval) (PP of (NP (NP NRM unitholders) (PP of (NP record)) (PP-TMP on (NP Oct. 23)))) , (PP among (NP other conditions)))))) .)) (TOP (S (NP-SBJ NRM) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ unitholders) (VP to (VP vote (PP-CLR on (NP the restructuring)) (PP-LOC at (NP (NP a meeting) (NP-TMP Dec. 15)))))))))) .)) (TOP (S (NP-SBJ (NP Sherwin-Williams Co.) and (NP Whittaker Corp.)) (VP said (SBAR 0 (S (NP-SBJ they) (VP 've (VP discontinued (NP (NP talks) (PP toward (NP (NP a definitive agreement) (PP regarding (NP (NP (NP Sherwin-Williams ') acquisition) (PP of (NP (NP Whittaker 's) chemical coating group)))))))))))) .)) (TOP (S (NP-SBJ The companies) (VP reached (NP (NP an agreement) (PP in (NP principle)) (PP for (NP the sale))) (PP-TMP in (NP August))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Cleveland-based Sherwin-Williams) (VP produces (NP paints and coatings) , (SBAR-ADV while (S (NP-SBJ the (ADJP Los Angeles-based) Whittaker coatings group) (VP produces (NP industrial coatings))))) .)) (TOP (S (NP-SBJ-1 USG Corp.) (VP (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP (NP its headquarters building) (ADVP-LOC here)) (PP-DTV to (NP (NP Manufacturers Life Insurance Co.) (PP of (NP Toronto)))))))) , and (VP will (VP lease (NP the 19-story facility) (SBAR-TMP until (S (NP-SBJ it) (VP moves (PP-DIR to (NP a new quarters)) (PP-TMP in (NP 1992)))))))) .)) (TOP (S (NP-SBJ The building-materials concern) (VP did n't (VP disclose (NP (NP terms) (PP of (NP (NP the sale) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP close (PP-TMP in (NP (NP the first quarter) (PP of (NP next year))))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ-2 (NP Proceeds) (PP from (NP (NP the planned sale) (PP of (NP the 250,000-square-foot building))))) `` (VP will (VP help (S (NP-SBJ *-2) (VP reduce (NP (NP the debt) (VP incurred (NP *) (PP as (NP (NP a result) (PP of (NP our July 1988 recapitalization))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ a USG official) .)) (TOP (S (NP-SBJ-1 (NP The (ADJP recently revived) enthusiasm) (PP among (NP small investors)) (PP for (NP stock mutual funds))) (VP has (VP been (VP damped (NP *-1) (PP by (NP-LGS (NP a jittery stock market) and (NP (NP the tumult) (PP over (NP program trading)))))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP hitting (NP two-year highs) (NP-TMP this summer)))) , (NP-SBJ-1 (NP net sales) (PP of (NP stock funds))) (VP slowed (PP-TMP in (NP September)) , (PP according (PP to (NP (NP the Investment Company Institute) , (NP a trade group))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The sales recovery) (VP screeched (PP-CLR to (NP a halt)) (NP-TMP this month))) , (NP-SBJ some analysts) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 Confidence) (VP was (VP starting (S (NP-SBJ *-2) (VP to (VP come (ADVP-DIR back)))) (SBAR-PRP because (S (NP-SBJ we) (VP did n't (VP have (NP (ADJP wildly volatile) days)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Tyler Jenks) , (NP (NP research director) (PP for (NP (NP Kanon Bloch Carre & Co.) , (NP a Boston research firm))))) .)) (TOP (S `` (ADVP-TMP Now) (NP-SBJ (NP everything) (PRN '' -- (PP such as (NP (NP program trading) and (NP wide stock market swings))) -- ``) (SBAR that (S (NP-SBJ everyone) (VP had (VP pushed (ADVP-DIR back (PP in (NP their consciousness)))))))) (VP is (ADVP just) (VP sitting (ADVP-LOC right there))) . '')) (TOP (S (S-TPC-1 (NP-SBJ (NP Net sales) (PP of (NP stock funds)) (PP-TMP in (NP September))) (VP totaled (NP (QP $ 839.4 million) *U*) , (ADVP down (PP from (NP (QP $ 1.1 billion) *U*) (PP-TMP in (NP August)))))) , (NP-SBJ the institute) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ-1 reinvested dividends) (VP are (VP excluded (NP *-1))))) , (NP-SBJ investors) (VP put (ADVP-PUT in) (NP (NP (ADJP (NP-ADV (QP only $ 340 million) *U*) more)) (SBAR than (S (NP-SBJ they) (VP pulled (PRT out) (PP-TMP for (NP the month))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP (NP October 's) numbers) , (SBAR (WHNP-3 which) (S (NP-SBJ-1 *T*-3) (VP wo n't (VP be (VP released (NP *-1) (PP-TMP for (NP a month))))))) ,) (VP are (ADVP-LOC-PRD down) (ADVP further))) , (NP-SBJ mutual fund executives) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Investors) (PP in (NP stock funds))) (VP did n't (VP panic (NP-TMP (NP the weekend) (PP after (NP (NP mid-October 's) 190-point market plunge))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP (NP the those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP left (NP stock funds))))))) (ADVP simply) (VP switched (PP-DIR into (NP money market funds))) .)) (TOP (S And (NP-SBJ some fund groups) (VP said (SBAR 0 (S (NP-SBJ investors) (ADVP actually) (VP became (NP-PRD net buyers))))) .)) (TOP (S But (NP-SBJ the stock market swings) (VP have (VP continued)) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The recent outcry) (PP over (NP program trading))) (VP will (VP cast (NP a pall) (PP-DIR over (NP the stock-fund environment)) (PP-TMP in (NP the coming months))))) , (NP-SBJ some analysts) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The public) (VP is (ADVP-LOC-PRD very close (PP to (S-NOM (NP-SBJ *) (VP having (VP had (NP it)))))))) , '' (NP-SBJ Mr. Jenks) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Investors) (VP pulled (PRT back) (PP-DIR from (NP bond funds)) (PP-TMP in (NP September)) , (ADVP too)) .)) (TOP (S (NP-SBJ (NP Net sales) (PP of (NP bond funds)) (PP for (NP the month))) (VP totaled (NP (QP $ 1.1 billion) *U*) , (ADVP down (NP two-thirds) (PP from (NP (QP $ 3.1 billion) *U*) (PP-TMP in (NP August))))) .)) (TOP (NP (NP The major reason) : (NP (NP heavy outflows) (PP from (NP high-risk , high-yield junk bond funds))) .)) (TOP (S (NP-SBJ (NP Big withdrawals) (PP from (NP the junk funds))) (VP have (VP continued (NP-TMP this month))) .)) (TOP (S (S-TPC-1 (ADVP Overall) , (NP-SBJ (NP net sales) (PP of (NP (NP all mutual funds) , (PP excluding (NP money market funds)) ,))) (VP fell (PP-DIR to (NP (QP $ 1.9 billion) *U*) (PP-TMP in (NP September))) (PP-DIR from (NP (QP $ 4.2 billion) *U*) (PP-TMP in (NP August))))) , (NP-SBJ the trade group) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 (NP Small net inflows) (PP into (NP stock and bond funds))) (VP were (VP offset (NP *-1) (PP by (NP-LGS (NP slight declines) (PP-LOC in (NP (NP the value) (PP of (NP mutual fund stock and bond portfolios)))) '' (VP stemming (PP-CLR from (NP falling prices)))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Jacob Dreyer) , (NP (NP the institute 's) chief economist)) .)) (TOP (S (NP-SBJ Many small investors) (VP went (PP-CLR for (NP (NP the safety) (PP of (NP money market funds))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Assets) (PP of (NP (NP these) and (NP other short-term funds)))) (VP surged (NP-EXT (QP more than $ 5 billion) *U*) (PP-TMP in (NP September)))) , (NP-SBJ the institute) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ additional investors) (VP transferred (NP their assets) (PP-DIR into (NP money funds)) (NP-TMP this month))))) .)) (TOP (SINV (S-TPC-2 (PP-LOC At (NP (NP Fidelity Investments) , (NP (NP the nation 's) largest fund group) ,)) (NP-SBJ-1 money funds) (VP continue (S (NP-SBJ *-1) (VP to (VP draw (NP the most business)))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Michael Hines) , (NP (NP vice president) , (NP marketing))) .)) (TOP (S (S-TPC-1 (PP-TMP In (NP October)) , (NP-SBJ (NP net sales) (PP of (NP stock funds)) (PP-LOC at (NP Fidelity))) (VP dropped (ADVP-MNR sharply))) , (NP-SBJ Mr. Hines) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ he) (VP emphasized (SBAR that (S (NP-SBJ (NP new accounts) , (NP new sales) , (NP inquiries) and (NP (NP subsequent sales) (PP of (NP stock funds)))) (VP are all (ADVP-PRD up (NP-TMP this month) (PP from (NP (NP September 's) level))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Investor interest) (PP in (NP stock funds))) `` (VP has n't (VP stalled (ADVP at all)))) , '' (NP-SBJ Mr. Hines) (VP maintains (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP notes (SBAR that (S (NP-SBJ (NP most) (PP of (NP the net sales drop))) (VP stemmed (PP-CLR from (NP (NP a three-day period) (PP following (NP the (NAC Friday the 13th) plunge)))))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ that) (VP follows (PP-TMP through (NP next month))))) , (ADVP then) (NP-SBJ it) (VP will (VP be (NP-PRD a different story)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S But , (NP-SBJ Mr. Hines) (VP adds , (SBAR 0 (S (NP-SBJ (NP sales) `` (VP based (NP *) (PP-CLR on (NP (NP a few days ') events)))) (VP do n't (VP tell (NP you) (NP (NP much) (PP about (NP (NP October 's) trends)))))))) . '')) (TOP (S (NP-SBJ (NP One trend) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP continues)))) (VP is (NP-PRD (NP growth) (PP-LOC in (NP (NP the money) (VP invested (NP *) (PP-CLR in (NP funds))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-3) (VP Buoyed (NP *-1) (PP by (NP-LGS (NP the continued inflows) (PP into (NP money funds)))))) , (NP-SBJ-3 (NP assets) (PP of (NP all mutual funds))) (VP swelled (PP-DIR to (NP a record (QP $ 953.8 billion) *U*)) (PP-TMP in (NP September)) , (ADVP up (ADVP fractionally) (PP from (NP (QP $ 949.3 billion) *U*) (PP-TMP in (NP August))))) .)) (TOP (S (NP-SBJ Stock-fund managers) , (ADVP-TMP meantime) , (VP went (PP-DIR into (NP October)) (PP with (NP (NP less cash) (PP on (NP hand)) (SBAR than (S (NP-SBJ they) (VP held (NP *?*) (NP-TMP earlier this year))))))) .)) (TOP (S (NP-SBJ These managers) (VP held (NP (NP (NP 9.8 %) (PP of (NP assets)) (PP in (NP cash))) (PP-TMP at (NP (NP the end) (PP of (NP September))))) , (ADVP down (PP from (NP (NP (NP 10.2 %) (PP-TMP in (NP August))) and (NP (NP 10.6 %) (PP-TMP in (NP September 1988))))))) .)) (TOP (S (NP-SBJ Large cash positions) (VP (VP help (VP buffer (NP funds) (PP-CLR from (NP market declines)))) but (VP can (VP cut (PRT down) (PP-CLR on (NP gains)) (PP-LOC in (NP rising markets))))) .)) (TOP (S (NP-SBJ (NP Managers) (PP of (NP junk funds))) (VP were (VP bolstering (NP their cash hoards) (PP-TMP after (NP (NP the September cash crunch) (PP-LOC at (NP Campeau Corp)))))) .)) (TOP (S (NP-SBJ Junk-portfolio managers) (VP raised (NP their cash position) (PP-DIR to (NP (NP 9.4 %) (PP of (NP assets))) (PP-TMP in (NP September))) (PP from (NP 8.3 %) (PP-TMP in (NP August)))) .)) (TOP (S (PP-TMP In (NP September 1988)) , (NP-SBJ that level) (VP was (NP-PRD 9.5 %)) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Investors) (PP in (NP all funds))) (VP will (VP seek (NP safety) (PP-TMP in (NP the coming months))))) , (NP-SBJ some analysts) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (PP-LOC Among (NP stock funds)) , (NP-SBJ the conservative growth-and-income portfolios) (ADVP probably) (VP will (VP remain (ADJP-PRD popular)))) , (NP-SBJ fund specialists) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP will (VP be (NP-PRD (NP a continuation) and possibly (NP (NP greater focus) (PP on (NP conservative equity funds)))) , (PP at (NP (NP the expense) (PP of (NP (NP growth) and (NP aggressive growth funds)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Avi Nachmany) , (NP (NP an analyst) (PP-LOC at (NP (NP Strategic Insight) , (NP a New York fund-research concern))))) .)) (TOP (S-1 (NP-SBJ-2 (NAC Secretary (PP of (NP State))) Baker) (PRN , (S (NP-SBJ we) (VP read (SBAR 0 (S *T*-1)))) ,) (VP decided (S (NP-SBJ *-2) (VP to (VP kill (NP (NP a speech) (SBAR (WHNP-3 that) (S (NP-SBJ-4 (NP Robert Gates) , (NP (NP deputy national security adviser) and (NP a career Soviet expert)) ,) (VP was (VP going (S (NP-SBJ *-4) (VP to (VP give (NP *T*-3) (PP-DTV to (NP (NP a student colloquium) , (NP the National Collegiate Security Conference))))))))))))))) .)) (TOP (S (NP-SBJ-3 We) (VP keep (S (NP-SBJ *-3) (VP wondering (SBAR (WHNP-1 what) (S (NP-SBJ-2 Mr. Gates) (VP wanted (S (NP-SBJ *-2) (VP to (VP say (NP *T*-1)))))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ he) (VP might (VP have (VP cited (NP (NP (NP Mr. Gorbachev 's) need) (PP for `` (NP (NP a stable currency) , (NP (ADJP free and competitive) markets) , (NP private property) and (NP real prices) '' and (NP other pie-in-the-sky reforms))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ he) (VP 'd (VP have (VP called (PP-CLR for (NP `` (NP a decentralized (ADJP political and economic) system) '' (PP without (NP a dominant communist party))))))) .)) (TOP (FRAG Or (NP (NP political arrangements) (SBAR (WHADVP-1 0) `` (S (NP-SBJ *) (VP to (VP alleviate (NP (NP the grievances and demands) (PP of (NP Soviet ethnic minorities and republics))) (ADVP-MNR *T*-1)))))) . '')) (TOP (S (INTJ Why) , (NP-SBJ a Bob Gates) (VP might (ADVP even) (VP have (VP said , `` (SINV Nor are (NP-SBJ Soviet problems) (ADJP-PRD susceptible (PP to (NP (NP rescue) (PP from (ADVP abroad)) (PP through (NP abundant Western credits))))))))) . '')) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 Mr. Gates) (VP had (VP been (VP allowed (S (NP-SBJ *-1) (VP to (VP say (NP these things))))))))) , (NP-SBJ we) (VP would (ADVP-TMP now) (VP be (VP hearing (PP-CLR about (NP (NP `` discord '' and `` disarray '') (PP on (NP foreign policy))))))) .)) (TOP (S (NP-SBJ-2 (NP Dark hints) (SBAR *ICH*-1)) (VP would (VP be (VP raised (NP *-2) (SBAR-1 that (S (NP-SBJ (NP parts) (PP of (NP the administration))) (VP hope (SBAR 0 (S (NP-SBJ Mr. Gorbachev) (VP would (VP fail))))))) , (SBAR-ADV just as (S (NP-SBJ they) (VP were (VP *?* (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ Vice President Quayle) (VP voiced (NP similar sentiments) (ADVP-TMP *T*-3))))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's (ADVP somehow) (ADJP-PRD OK) (SBAR-1 for (S (NP-SBJ (NP Secretary Baker) (NP himself)) , (ADVP however) , (VP to (VP say (NP all the same things)))))) .)) (TOP (S (S (PP In (NP fact)) , (NP-SBJ he) (VP did (VP *?*))) ; (S (NP-SBJ (NP the quotes) (ADVP-LOC above)) (VP are (PP-PRD from (NP (NP (NP Mr. Baker 's) speech) (PP of (ADVP-TMP (NP two weeks) ago)))))) .)) (TOP (S (ADVP (ADVP So far) (SBAR as (S (NP-SBJ we) (VP can (VP see (ADVP *?*)))))) , (NP-SBJ there) (VP is (NP-PRD (NP no disagreement) (PP-LOC among (NP (NP Mr. Baker) , (NP Mr. Quayle) , (NP (NP the Mr. Gates) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP 've (VP read (NP *T*-1)))))) , or (PP for (NP that matter)) (NP President Bush))))) .)) (TOP (S (NP-SBJ (NP They) (NP all)) (VP understand (NP (NP point one) : (S (NP-SBJ (NP Nothing) (SBAR (WHNP-1 0) (S (NP-SBJ the U.S.) (VP can (VP do (NP *T*-1)))))) (VP will (VP make (NP (NP much difference) (PP in (SBAR whether (S (NP-SBJ Mr. Gorbachev) (VP succeeds (PP-CLR with (NP perestroika)))))))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ Mr. Gates) (VP would (VP emphasize (ADVP (ADVP more) (PP than (NP Mr. Baker))) (NP (NP the many hurdles) (SBAR (WHNP-1 0) (S (NP-SBJ the Soviet leader) (VP must (VP leap (NP *T*-1) (SBAR-ADV if (S (NP-SBJ-2 he) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP succeed)))))))))))))) .)) (TOP (S But (NP-SBJ everyone) (VP agrees (SBAR that (S (NP-SBJ (NP Mr. Gorbachev 's) problems) (VP result (PP-CLR from (NP (NP the failure) (PP of (NP his own system)))))))) .)) (TOP (S (NP-SBJ-1 They) (VP can (VP be (VP relieved (NP *-1) (PP-MNR only (PP by (S-NOM (NP-SBJ *) (VP changing (NP that system)))) , not (PP by (S-NOM (NP-SBJ *) (VP pouring (NP Western money) (PP-DIR into (NP it))))))))) .)) (TOP (S (S (NP-SBJ GATT membership) (VP will not (VP matter (PP to (NP (NP Donbas coal miners) (ADJP short (PP of (NP soap)))))))) , nor (SINV will (NP-SBJ a START treaty) (VP make (NP any difference) (PP to (NP Ukrainian nationalists)))) .)) (TOP (S (PP On (NP the other hand)) , (ADVP-TMP (ADVP so long) (SBAR as (S (NP-SBJ Mr. Gorbachev) (VP is (VP easing (NP (NP his grip) (PP on (NP his empire)))))))) , (NP-SBJ (NP everyone) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP 've (VP heard (NP *T*-1)))))) (VP agrees (SBAR that (S (NP-SBJ-2 the U.S.) (VP can (VP benefit (PP-MNR by (S-NOM (NP-SBJ *-2) (VP engaging (NP him))))))))) .)) (TOP (FRAG (SBAR-ADV If (S (NP-SBJ-1 (NP a deal) (SBAR *ICH*-2)) (VP can (VP be (VP made (NP *-1) (SBAR-2 (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP cut (NP-4 (NP the world 's) Ortegas) (S-CLR (NP-SBJ *-4) (ADJP-PRD loose (PP from (NP Moscow)))) (ADVP *T*-3)))))))))) , why not ?)) (TOP (S (S (NP-SBJ We) (VP do n't (VP expect (NP (NP much good) (PP from (NP nuclear-arms control)))))) , but (S (NP-SBJ conventional-arms talks) (VP might (VP demilitarize (NP Eastern Europe)))) .)) (TOP (S (S (NP-SBJ There) (VP 's (NP-PRD (NP nothing) (ADJP (PP in (NP the least)) contradictory)) (PP-LOC in (NP all this)))) , and (S (NP-SBJ (NP it) (S *EXP*-2)) (VP would (VP be (ADJP-PRD nice) (S-2 (NP-SBJ *) (VP to (VP think (SBAR that (S (NP-SBJ Washington) (VP could (VP tolerate (NP a (ADJP reasonably sophisticated) , complex view))))))))))) .)) (TOP (S (ADVP Yet) (NP-SBJ (NP much) (PP of (NP the political culture))) (VP seems (NP-PRD (NP intent) (PP on (S-NOM (NP-SBJ *) (VP castigating (NP the Bush administration) (PP for (S-NOM (NP-SBJ *) not (VP `` helping '' (NP Mr. Gorbachev))))))))) .)) (TOP (S So (NP-TMP (NP every time) (SBAR (WHADVP-1 0) (S (NP-SBJ a Bush official) (VP raises (NP (NP a doubt) (PP about (NP Mr. Gorbachev))) (ADVP-TMP *T*-1))))) , (S (NP-SBJ the Washington community) (VP shouts (NP `` (NP Cold War) '' and `` (NP timidity)))) , '' and (S (NP-SBJ-2 an administration spokesman) (VP is (VP (ADVP-MNR quickly) trotted (PRT out) (NP-3 *-2) (S-PRP (NP-SBJ *-3) (VP to (VP reply , `` (S (NP-SBJ Mr. Bush) (VP wants (S (NP-SBJ perestroika) (VP to (VP succeed))))))))))) . '')) (TOP (S (NP-SBJ Mr. Baker) (VP seems (ADJP-PRD especially sensitive (PP to (NP (NP the Washington ailment) (VP known (NP *) (PP-CLR as (NP Beltway-itis))))))) .)) (TOP (S (NP-SBJ Its symptoms) (VP include (NP (NP (NP a cold sweat) (PP-TMP at (NP (NP the sound) (PP of (NP debate))))) , (NP (NP clammy hands) (PP-LOC in (NP (NP the face) (PP of (NP congressional criticism))))) , and (NP (NP fainting spells) (SBAR (WHADVP-1 when) (S (NP-SBJ someone) (VP writes (NP (NP the word) `` (NP controversy)) (ADVP-TMP *T*-1))))))) . '')) (TOP (S (SBAR-ADV As (S (NP-SBJ (NP one unidentified official) (PP (ADVP clearly) in (NP (NP the late stages) (PP of (NP the disease))))) (VP told (NP the Times)))) : `` (NP-SBJ Baker) (VP (ADVP just) felt (SBAR that (S (NP-SBJ there) (VP were (NP-PRD (NP some lines) (PP-LOC in (NP the speech)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP could (VP be (VP misinterpreted and seized (NP *-1) (PP by (NP-LGS the press)))))))))))) . '')) (TOP (S (PP In (ADJP short)) , (NP-SBJ the problem) (VP is (NP-PRD not (NP intra-administration disagreement) , but (NP (NP preoccupation) (PP with (NP the prospect (SBAR that (S (S (NP-SBJ perestrokia) (VP might (VP fail))) , and (S (NP-SBJ its political opponents) (VP will (VP ask `` (SBARQ (WHNP-1 Who) (SQ (NP-SBJ *T*-1) (VP lost (NP Gorbachev)))))))))))))) ? '')) (TOP (S (S (NP-SBJ-1 Mr. Baker) (VP may (VP want (S (NP-SBJ *-1) (VP to (VP avoid (NP (NP criticism) (PP from (NP Senate Majority Leader George Mitchell))))))))) , but (S (PP as (NP (NP Secretary) (PP of (NP State)))) (NP-SBJ his audience) (VP is (NP-PRD (NP the entire Free World) , not just (NP Congress)))) .)) (TOP (S (PP In (NP any case)) , (NP-SBJ-1 he) (VP 's (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP find (SBAR that (S (SBAR-ADV (X the more) (S (NP-SBJ he) (VP muzzles (NP his colleagues)))) , (X-ADV the more) (NP-SBJ leaks) (VP will (VP (VP pop (PRT up) (PP-LOC all around (NP Washington))) , (NP-ADV (NP a lesson) (VP (ADVP-TMP once) learned (NP *) (PP by (NP-LGS Henry Kissinger))))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Letting (S (NP-SBJ officials) (VP express (NP their own nuances))))) (VP can (VP be (ADJP-PRD educational))) .)) (TOP (S (NP-SBJ We) (VP note (SBAR that (S (PP-LOC in (NP Rome)) (NP-TMP yesterday) (NP-SBJ Defense Secretary Cheney) (VP said (SBAR that (S (NP-SBJ-2 (NP European euphoria) (PP over (NP Mr. Gorbachev))) (VP is (VP starting (S (NP-SBJ-1 *-2) (VP to (VP be (VP tempered (NP *-1) (PP by (NP-LGS (NP a recognition) (PP of `` (NP (NP the magnitude) (PP of (NP (NP the problems) (SBAR (WHNP-3 0) (S (NP-SBJ-4 he) (VP was (VP trying (S (NP-SBJ *-4) (VP to (VP deal (PP-CLR with (NP *T*-3))))))))))))))))))))))))))) . '')) (TOP (S (NP-SBJ (NP It) (S *ICH*-1)) (VP is (PP-PRD in (NP the Western interest)) (S-1 (NP-SBJ *) (VP to (VP see (S (NP-SBJ Mr. Gorbachev) (VP succeed)))))) .)) (TOP (S (NP-SBJ The odds) (VP are (PP-PRD against (NP him)) , (SBAR-ADV as (S (NP-SBJ (NP he) (NP himself)) (VP would (ADVP no doubt) (VP tell (NP you)))))) .)) (TOP (S (NP-SBJ The ultimate outcome) (VP depends (PP-CLR (PP on (SBAR (WHNP-1 what) (S (NP-SBJ he) (VP does (NP *T*-1))))) , not (PP on (SBAR (WHNP-2 what) (S (NP-SBJ we) (VP do (NP *T*-2))))))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ-1 the press) (VP is (ADJP-PRD ready (S (NP-SBJ *-1) (VP to (VP seize and misinterpret))))))) , (NP-SBJ these) (VP are not (NP-PRD (ADJP very complicated) thoughts)) .)) (TOP (S (ADVP Surely) (NP-SBJ there) (VP is (NP-PRD (NP (NP someone) (PP-LOC in (NP the administration))) (PRN , (ADVP maybe) (NP Bob Gates) ,) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP could (VP explain (NP them) (PP-CLR to (NP (NP college students) , or even (NP schoolchildren))))))))) .)) (TOP (S (NP-SBJ-1 Vernon E. Jordan) (VP was (VP elected (NP *-1) (PP-CLR to (NP (NP the board) (PP of (NP this transportation services concern)))))) .)) (TOP (S (NP-SBJ Mr. Jordan) (VP has (VP served (PP-CLR as (NP (NP (NP executive director) (PP of (NP the United Negro College Fund))) , (NP (NP director) (PP of (NP (NP the Voter Education Project) (PP of (NP the Southern Regional Council))))) and (NP (NP attorney-consultant) (PP to (NP (NP the U.S. Office) (PP of (NP Economic Opportunity))))))))) .)) (TOP (S (NP-SBJ His election) (VP increases (NP (NP Ryder 's) board) (PP-DIR to (NP 14 members))) .)) (TOP (S (NP-SBJ The American Stock Exchange) (VP said (SBAR 0 (S (NP-SBJ-1 a seat) (VP was (VP sold (NP *-1) (PP-CLR for (NP (NP $ 160,000 *U*) , (ADVP down (NP $ 5,000 *U*) (PP from (NP the previous sale) (NP-TMP last Friday)))))))))) .)) (TOP (S (NP-SBJ-1 Seats) (VP are (ADVP-TMP currently) (VP quoted (NP *-1) (PP-CLR at (NP (NP (NP $ 151,000 *U*) , (VP bid (NP *))) , and (NP (NP $ 162,000 *U*) , (VP asked (NP *))))))) .)) (TOP (S (NP-SBJ Two gunmen) (VP (VP entered (NP a Maryland restaurant)) , (VP ordered (S (NP-SBJ two employees) (VP to (VP lie (PP-LOC-CLR on (NP the floor)))))) and (VP shot (NP them) (PP-LOC in (NP (NP the backs) (PP of (NP their heads)))))) .)) (TOP (S (NP-SBJ The killers) (VP fled (PP with (NP (QP less than $ 100) *U*))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Describing (NP (NP this) and (NP other grisly killings)))) , (NP-SBJ-1 (NP Sen. Strom Thurmond) (PRN -LRB- (NP R.) , (NP-LOC S.C .) -RRB-)) (ADVP-TMP recently) (VP urged (NP-2 fellow lawmakers) (S (NP-SBJ *-2) (VP to (VP revive (NP a broad federal death penalty))))) .)) (TOP (S-2 `` (NP-SBJ The ultimate punishment) (PRN , '' (S (NP-SBJ he) (VP declared (S *T*-2))) , ``) (VP will (VP protect (NP the law-abiding) (PP-CLR from (NP (NP the vicious , cruel individuals) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP commit (NP these crimes)))))))) . '')) (TOP (S (S (NP-SBJ There) (VP 's (NP-PRD just one problem))) : (S (NP-SBJ (NP The law) (SBAR (WHNP-1 that) (S (NP-SBJ Sen. Thurmond) (VP is (VP pushing (NP *T*-1)))))) (VP would (VP be (ADJP-PRD irrelevant) (PP-LOC in (NP (NP (NP the case) (PP of (NP the Maryland restaurant murders))) and (NP almost all other killings)))))) .)) (TOP (S (S (NP-SBJ Most murders) (VP are (NP-PRD state crimes))) , so (S (NP-SBJ-1 any federal capital-punishment law) (ADVP probably) (VP would (VP turn (PRT out) (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP more symbolism) (PP than (NP substance))))))))) .)) (TOP (S (ADVP Yet) (NP-SBJ the bill) (VP is (VP riding (ADVP-MNR high) (PP-CLR on (NP (NP the furor) (PP over (NP drug trafficking)))))) .)) (TOP (S (NP-SBJ-2 Senate Republicans) , (PP-TMP after (S-NOM (NP-SBJ-1 *-2) (ADVP repeatedly) (VP failing (S (NP-SBJ *-1) (VP to (VP attach (NP death-penalty amendments) (PP-CLR to (NP unrelated legislation)))))))) , (VP have (ADVP finally) (VP gotten (NP a full-blown death-penalty bill) (PP-DIR through (NP committee)))) .)) (TOP (S (NP-SBJ-1 The Democratic leadership) (VP agreed (S (NP-SBJ *-1) (VP to (VP allow (NP (NP (NP a floor vote) (PP on (NP the issue))) (NP *ICH*-2)) (PP-TMP before (NP (NP the end) (PP of (NP the year)))) -- (NP-2 (NP a debate) (ADJP certain (S (NP-SBJ *) (VP to (VP focus (PP-CLR on (NP (NP the alleged racial inequality) (PP of (NP death sentencing))))))))))))) .)) (TOP (S (NP-SBJ Even some Democrats) (VP concede (SBAR that (S (NP-SBJ there) (VP is (ADVP probably) (NP-PRD (NP a majority) (PP-LOC in (NP the Senate)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP favors (NP (NP some kind) (PP of (NP broad capital-punishment measure))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The pending bill) , (VP introduced (NP *) (PP by (NP-LGS Mr. Thurmond))) ,) (VP would (VP revive (NP the long-dormant federal death-penalty laws) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP instituting (NP (NP legal procedures) (VP required (NP *) (PP by (NP-LGS the Supreme Court))))))))) .)) (TOP (S (PP-TMP In (NP 1972)) , (NP-SBJ the high court) (VP swept (ADVP-DIR aside) (NP all capital-punishment laws) (PRN -- (S-ADV (NP-SBJ federal and state) (ADJP-PRD alike)) --) (PP-CLR as (ADJP unconstitutional))) .)) (TOP (S But (PP-TMP in (NP 1976)) , (NP-SBJ the court) (VP permitted (NP (NP resurrection) (PP of (NP such laws))) , (SBAR-ADV if (S (NP-SBJ they) (VP meet (NP certain procedural requirements))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ-1 juries) (VP would (VP have (S (NP-SBJ-2 *-1) (VP to (VP consider (NP specific (ADJP `` aggravating '' and `` mitigating '') factors) (PP-TMP before (S-NOM (NP-SBJ-3 *-2) (VP deciding (SBAR whether (S (NP-SBJ *-3) (VP to (VP condemn (NP someone) (PP-CLR to (NP death)))))))))))))) .)) (TOP (S (PP-TMP Since (NP that 1976 ruling)) , (NP-SBJ 37 states) (VP have (VP reintroduced (NP the death penalty))) .)) (TOP (S But (NP-SBJ congressional Democrats) (VP have (VP blocked (NP-1 the same) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP occurring (PP-LOC at (NP the federal level))))) , (PP with (NP (NP the exception) (PP of (NP (NP a 1988 law) (VP allowing (NP (NP capital punishment) (PP for (NP certain drug-related homicides)))))))))) .)) (TOP (S (NP-SBJ The Thurmond bill) (VP would (VP establish (NP (NP a (ADJP federally administered) death sentence) (PP for (NP (NP 23 crimes) , (SBAR (WHNP-1 (WHNP most) (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP were (ADVP-TMP formerly) (ADJP-PRD punishable (PP by (NP death))) (PP-LOC under (NP (NP federal statutes) (SBAR (WHNP-2 that) (S (NP-SBJ the Supreme Court) (VP invalidated (NP *T*-2)))))))))))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Among (NP these crimes)) (VP are (PP-LOC-PRD *T*-1)) (NP-SBJ (NP (NP murder) (PP on (NP federal land))) , (NP presidential assassination) and (NP espionage)) .)) (TOP (S (NP-SBJ The Thurmond bill) (VP would (ADVP also) (VP add (NP (NP five new crimes) (ADJP punishable (PP by (NP death))) , (PP including (NP (NP murder) (PP for (NP hire))))))) .)) (TOP (S -LRB- (ADVP Separately) , (NP-SBJ the Senate) (NP-TMP last week) (VP passed (NP (NP a bill) (VP permitting (NP (NP execution) (PP of (NP (NP terrorists) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP kill (NP Americans) (ADVP-LOC abroad)))))))))) . -RRB-)) (TOP (S (PP Amid (NP (NP the swirl) (PP of (NP punitive rhetoric)) (VP surrounding (NP the issue)))) , (NP-SBJ one critical question) (VP involves (SBAR whether (S (NP-SBJ a federal death penalty) , (PP on (NP (NP top) (PP of (NP existing state laws)))) , (VP would (VP deter (NP any would-be criminals)))))) .)) (TOP (S (PP For (NP one thing)) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD unlikely) (SBAR-1 that (S (NP-SBJ-2 many people) (VP would (VP (VP receive (NP federal death sentences)) , (ADVP let alone) (VP be (VP executed (NP *-2)))))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP (NP the crimes) (VP incorporated (NP *) (PP-LOC-CLR in (NP the Thurmond bill))))) (S-NOM *ICH*-2)) (VP are (ADJP-PRD exceedingly rare) -- (S-NOM-2 (NP-SBJ *) (VP (VP killing (NP a Supreme Court justice)) , (PP for (NP instance)) , or (VP (ADVP deliberately) causing (NP (NP a train wreck) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP results (PP-CLR in (NP a death)))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ (QP only 28) defendants) (VP would (VP have (VP been (ADJP-PRD eligible (PP for (NP federal death sentences))) (SBAR-ADV if (S (NP-SBJ the Thurmond bill) (VP had (VP been (PP-PRD in (NP effect)) (PP-TMP in (NP the past three years)))))) , (PP-CLR according (PP to (NP (NP a study) (PP by (NP (NP the Senate Judiciary Committee 's) Democratic staff)))))))) .)) (TOP (S (NP-SBJ (NP The last federal execution) (PP-TMP before (NP (NP (NP the Supreme Court 's) 1972 ruling) (VP banning (NP the death penalty))))) (VP took (NP-CLR place) (PP-TMP in (NP 1963)) , (S-ADV (NP-SBJ *) (VP meaning (SBAR that (S (NP-SBJ the federal government) (VP did n't (VP exercise (NP its execution authority) (PP-TMP for (NP eight years))))))))) .)) (TOP (SINV `` (S-TPC-1 (PP In (NP that sense)) , (NP-SBJ the whole debate) (VP is (NP-PRD (NP sort) (PP of (NP a fraud))))) , '' (VP argues (S *T*-1)) (NP-SBJ a Democratic Senate staff member) .)) (TOP (S `` (NP-SBJ It) (VP 's (VP distracting (NP attention) (PP-CLR from (NP (NP serious issues) , (PP like (SBAR (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP make (S (NP-SBJ DEA , FBI and Customs) (VP work (ADVP-MNR together) '' (PP-CLR on (NP drug enforcement)))) (ADVP-MNR *T*-1)))))))))) .)) (TOP (S (S (NP-SBJ Republicans) (VP acknowledge (SBAR that (S (NP-SBJ-1 few people) (VP would (VP be (VP executed (NP *-1) (PP-LOC under (NP the Thurmond bill))))))))) , but (S (NP-SBJ they) (VP contend (SBAR 0 (S (NP-SBJ that) (VP is n't (NP-PRD the point)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Many scholars) (VP are (PP-PRD of (NP the opinion (SBAR that (S (NP-SBJ (NP the mere existence) (PP of (NP the penalty))) (VP deters (NP many people) (PP-CLR from (NP (NP the commission) (PP of (NP capital crimes))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Sen. Orrin Hatch) (PRN -LRB- (NP R.) , (NP-LOC Utah) -RRB-)) .)) (TOP (S (S-TPC-2 (NP-SBJ Executions) , (ADVP regardless (PP of (SBAR (WHADVP-1 how frequently) (S (NP-SBJ they) (VP occur (ADVP-TMP *T*-1)))))) , (VP are (ADVP also) (NP-PRD `` (NP proper retribution) '' (PP for (NP heinous crimes))))) , (NP-SBJ Mr. Hatch) (VP argues (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Thomas Boyd) , (NP a senior Justice Department official) ,) (VP says (SBAR 0 (S (NP-SBJ (NP the new federal drug-related crimes) (ADJP punishable (PP by (NP death)) (PP-TMP since (NP last November)))) (VP may (VP result (PP-CLR in (NP (NP a jump) (PP in (NP capital sentences)))) , (SBAR-ADV though (S (NP-SBJ that) (VP has n't (VP happened (ADVP-TMP so far)))))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ *) (VP resuscitating (NP (NP the old issue) (PP of (SBAR whether (S (NP-SBJ death sentences) (VP deter (NP criminals))))))))))) , (NP-SBJ this bill) (VP has (VP made (S (NP-SBJ race) (NP-PRD (NP a major part) (PP of (NP the death-penalty debate)))))) .)) (TOP (S (SBAR-TMP Before (S (NP-SBJ the bill) (VP left (NP committee)))) , (NP-SBJ (NP Sen. Edward Kennedy) (PRN -LRB- (NP D.) , (NP-LOC Mass .) -RRB-)) (VP attached (NP (NP an amendment) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP allow (S (NP-SBJ a defendant) (VP to (VP escape (PP-CLR from (NP a death sentence)) (PP-LOC in (NP (NP jurisdictions) (VP shown (S (NP-SBJ *) (VP to (VP have (VP meted (PRT out) (NP executions) (PP-MNR in (NP a racist manner)))))))))))))))))) .)) (TOP (S (NP-SBJ The amendment) (VP prompted (NP (NP an ironic protest) (PP from (NP (NP Mr. Thurmond) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP complained (SBAR that (S (NP-SBJ it) (VP would (VP `` kill '' (NP capital punishment)))))))))))) .)) (TOP (S (NP-SBJ (NP A large number) (PP of (NP studies))) (VP suggest (SBAR that (S (NP-SBJ state judges and juries) (VP have (VP imposed (NP the penalty) (PP-MNR in (NP a (ADJP racially discriminatory) fashion))))))) .)) (TOP (S And (NP-SBJ the Kennedy amendment) (VP would (VP invade (NP (ADJP (CONJP not only) federal but state) sentencings) , (PP-MNR in (NP two important ways)))) .)) (TOP (S (NP-SBJ It) (VP would (VP allow (S (NP-SBJ all defendants) (VP to (VP introduce (NP (NP statistical evidence) (VP showing (NP (NP (ADJP racially disproportionate) application) (PP of (NP the death penalty)) (PP-TMP in (NP the past)))))))))) .)) (TOP (S And (NP-SBJ it) (VP would (VP shift (NP the burden (S *ICH*-1)) (PP-CLR to (NP prosecutors)) (S-1 (NP-SBJ *) (VP to (VP disprove (SBAR that (S (NP-SBJ discrimination) (VP caused (NP any statistical racial disparities))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ That burden) (VP is (ADJP-PRD (ADJP very difficult) , (CONJP if not) (ADJP impossible) , (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP meet (NP *T*-2)))))))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Boyd) .)) (TOP (SBARQ `` (WHADVP-1 How) (SQ do (NP-SBJ you) (VP prove (NP a negative) (ADVP-MNR *T*-1))) ? '')) (TOP (S (S-TPC-1 (SBAR-PRP Since (S (NP-SBJ-2 most prosecutors) (VP would n't (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP demonstrate (ADVP-MNR conclusively) (SBAR that (S (NP-SBJ racial considerations) (VP did n't (VP affect (NP sentencing))))))))))))) , (NP-SBJ (NP executions) (NP-LOC everywhere)) (VP might (VP come (PP-CLR to (NP a halt))))) , (NP-SBJ Mr. Boyd) (VP explains (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (QP At least 15) major studies) (VP purport (S (NP-SBJ *-1) (VP to (VP show (SBAR that (S (NP-SBJ particular states) (VP have (VP imposed (NP the death penalty) (ADVP-MNR disproportionately) (PP (PP against (NP (NP killers) (PP of (NP whites)) (PP compared with (NP blacks)))) , and (PP against (NP (NP black defendants) (PP compared with (NP white defendants))))))))))))) .)) (TOP (S (NP-SBJ Conservatives) (VP (VP question (NP (NP the validity) (PP of (NP the studies)))) and (VP note (SBAR that (S (NP-SBJ the Supreme Court) (VP ruled (PP-TMP in (NP 1987)) (SBAR-2 that (S (NP-SBJ such research) , (ADVP regardless (PP of (NP its accuracy))) , (VP is n't (ADJP-PRD relevant (PP to (NP (NP a constitutional attack) (PP on (NP a particular death sentence))))))))))))) .)) (TOP (S (NP-SBJ The Kennedy amendment) (VP would , (PP in (NP effect)) , (VP legislate (PP around (NP the Supreme Court ruling)))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Lawyers) (VP would (ADVP-MNR eagerly) (VP seize (PP-CLR on (NP the provision)) (PP-LOC in (NP their death-penalty appeals))))) , (VP says (S *T*-1)) (NP-SBJ (NP Richard Burr) , (NP (NP director) (PP of (NP (NP the NAACP Legal Defense and Educational Fund 's) capital-punishment defense team)))) .)) (TOP (S (S (NP-SBJ-1 Mr. Kennedy) (VP failed (S (NP-SBJ *-1) (VP to (VP get (S (NP-SBJ his amendment) (VP incorporated (PP-CLR into (NP (NP last year 's) anti-drug legislation))))))))) , and (S (NP-SBJ-2 it) (VP will (VP be (ADVP-MNR severely) (VP attacked (NP *-2) (PP-LOC on (NP the Senate floor)) (NP-TMP this time around))))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ it) (VP survives))) , (NP-SBJ it) (VP could (VP prompt (NP other statutory changes) , (PP according (PP to (NP the Mr. Burr))))) .)) (TOP (S (NP-SBJ It) (VP might (VP force (S (NP-SBJ (NP Congress) and (NP the states)) (VP to (VP narrow (NP the death penalty) (PP-CLR only to (NP (NP (NP convictions) (VP shown (S (NP-SBJ *) (VP to (VP be (ADJP-PRD relatively free (PP of (NP racial imbalance)))))))) (PRN -- (NP (NP murders) (PP by (NP-LGS (NP repeat offenders) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP torture (NP their victims))))))) , (ADVP perhaps))))))))) .)) (TOP (S (NP-SBJ (S (NP-SBJ *) (VP Narrowing (NP the penalty) (PP-MNR in (NP this fashion))))) (VP would (ADVP-MNR clearly) (VP reduce (SBAR (WHNP-1 whatever deterrent effect) (S (NP-SBJ it) (ADVP-TMP now) (VP has (NP *T*-1)))))) .)) (TOP (S And (NP-SBJ that) , (PP in (NP turn)) , (VP would (ADVP only) (VP strengthen (NP (NP the argument) (PP of (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP oppose (NP (NP execution) (PP-LOC under (NP any circumstances))))))))))) .)) (TOP (S (NP-SBJ A state judge) (VP postponed (NP (NP a decision) (PP on (NP (NP a move) (PP by (NP (NP holders) (PP of (NP Telerate Inc.)))) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP block (NP (NP the tender offer) (PP of (NP Dow Jones & Co.)) (PP for (NP (NP the 33 %) (PP of (NP Telerate)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP does n't (ADVP-TMP already) (VP own (NP *T*-1)))))))) (ADVP-MNR *T*-2))))))))) .)) (TOP (S (S (NP-SBJ (NP Vice Chancellor Maurice A. Hartnett III) (PP of (NP (NP (NP Delaware 's) Court) (PP of (NP Chancery))))) (VP heard (NP arguments) (PP-TMP for (NP (QP more than two) hours)) (ADVP-LOC here))) , but (S (NP-SBJ he) (VP (VP made (NP no comment)) and (VP asked (NP no questions)))) .)) (TOP (S (NP-SBJ He) (VP could (VP rule (ADVP-TMP (ADVP as early) (PP as (NP today))) (PP-CLR on (NP (NP the motion) (VP seeking (NP (NP a temporary injunction) (PP against (NP the Dow Jones offer)))))))) .)) (TOP (S (NP-SBJ-1 Dow Jones) (VP has (VP offered (S (NP-SBJ *-1) (VP to (VP pay (NP (NP (NP $ 18 *U*) (NP-ADV a share)) , or (NP (QP about $ 576 million) *U*) ,) (PP-CLR for (NP the remaining Telerate stake))))))) .)) (TOP (S (NP-SBJ-1 The offer) (VP will (VP expire (PP-TMP-CLR at (NP 5 p.m. EST)) (PP-TMP-CLR on (NP Nov. 6)) , (SBAR-ADV unless (S (NP-SBJ-2 *-1) (VP extended (NP *-2) (ADVP again)))))) .)) (TOP (S (NP-SBJ (NP Robert Kornreich) , (NP (NP an attorney) (PP for (NP the Telerate holders))) ,) (VP told (NP Judge Hartnett) (SBAR 0 (S (NP-SBJ the Dow Jones offer) (VP is (ADJP-PRD `` arrogant '' and `` hostile))))) . '')) (TOP (S (NP-SBJ He) (VP accused (NP-1 Dow Jones) (PP-CLR of `` (S-NOM (NP-SBJ-2 *-1) (VP using (NP unfair means) (S-CLR (NP-SBJ *-2) (VP to (VP obtain (NP the stock) (PP-CLR at (NP an unfair price))))))))) . '')) (TOP (S (NP-SBJ (NP Michael Rauch) , (NP (NP an attorney) (PP for (NP Dow Jones))) ,) (VP defended (NP the offer) (PP-CLR as (ADJP adequate)) , (PP based (PP on (SBAR (WHNP-1 what) (S (NP-SBJ the company) (VP considers (S (NP-SBJ *T*-1) (NP-PRD (NP realistic projections) (PP of (NP (NP Telerate 's) revenue growth)) , (PP in (NP (NP the range) (PP of (NP 12 %)))))))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP contended (SBAR that (S (NP-SBJ-2 the plaintiffs) (VP failed (S (NP-SBJ *-2) (VP to (VP cite (NP (NP any legal authority) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP justify (NP such an injunction))))))))))))) .)) (TOP (S (NP-SBJ Telerate) (VP provides (NP (NP information) (PP about (NP financial markets))) (PP-MNR through (NP an electronic network))) .)) (TOP (S (NP-SBJ Dow Jones) (VP (VP publishes (NP (NP The Wall Street Journal) , (NP (NP Barron 's) magazine) , (NP other periodicals) and (NP community newspapers))) and (VP operates (NP electronic business information services))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Japan 's) exports) (PP of (NP cars , trucks and buses))) (VP declined (NP-EXT 2.4 %) (PP-DIR to (NP 535,322 units)) (PP-TMP in (NP September)) (PP-DIR from (ADVP-TMP (NP a year) earlier)))) , (NP-SBJ the Japan Automobile Manufacturers Association) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The association) (VP attributed (NP the drop) (PP-CLR to (NP (NP a trend (S *ICH*-1)) (PP among (NP auto makers)) (S-1 (NP-SBJ *) (VP to (VP move (NP manufacturing operations) (ADVP-DIR overseas))))))) .)) (TOP (S (PP With (NP (NP the exception) (PP of (NP (NP August) , (SBAR (WHADVP-TMP-1 when) (S (NP-SBJ exports) (VP rose (NP-EXT 2.1 %) (ADVP-TMP *T*-1)))))))) , (NP-SBJ exports) (VP have (VP declined (NP-TMP every month) (PP-DIR from (NP year-earlier levels)) (PP-TMP since (NP March)))) .)) (TOP (S (NP-SBJ Lone Star Technologies Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 its Lone Star Steel Co. unit) (VP sued (NP it) (PP-LOC in (NP (NP federal court) (ADVP-LOC here))) , (S-ADV (NP-SBJ-2 *-1) (VP seeking (S (NP-SBJ *-2) (VP to (VP recover (NP (NP an intercompany receivable) (VP valued (NP *) (PP-CLR at (NP (NP a minimum) (PP of (NP (QP $ 23 million) *U*))))))))))))))) .)) (TOP (S (NP-SBJ-1 The lawsuit) (VP was (VP filed (NP *-1) (PP by (NP-LGS (NP (NP Lone Star Steel 's) unsecured creditors ') committee)) (PP on (NP (NP behalf) (PP of (NP (NP Lone Star Steel) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP has (VP been (VP operating (PP-LOC under (NP (NP Chapter 11) (PP of (NP the federal Bankruptcy Code)))) (PP-TMP since (NP June 30))))))))))))) .)) (TOP (S (NP-SBJ Lone Star Technologies) (VP said (SBAR 0 (S (S (NP-SBJ (NP it) and (NP (NP its subsidiary 's) creditors)) (VP agree (SBAR that (S (NP-SBJ the parent company) (VP owes (NP the unit money)))))) , but (S (NP-SBJ-1 they) (VP have n't (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP reach (NP (NP agreement) (PP on (NP the amount))))))))))))) .)) (TOP (S (NP-SBJ (NP Judith Elkin) , (NP (NP lawyer) (PP for (NP the creditors))) ,) (VP said (SBAR 0 (S (NP-SBJ the creditors group) (VP (VP is (VP challenging (NP (NP certain accounting entries) (PP on (NP (NP the parent company 's) books))))) and (VP estimates (SBAR that (S (NP-SBJ (NP the receivable) (VP owed (NP the steel company) (NP *))) (VP could (VP be (NP-PRD (QP as much as $ 40 million) *U*)))))))))) .)) (TOP (S (NP-SBJ The Lone Star Steel lawsuit) (ADVP also) (VP asks (NP-2 the court) (S (NP-SBJ *-2) (VP to (VP rule (SBAR (SBAR that (S (NP-SBJ Lone Star Technologies) (VP is (ADJP-PRD jointly responsible (PP for (NP (NP a (ADJP (QP $ 4.5 million) *U*) Lone Star Steel pension payment ) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP (VP was (ADJP-PRD due)) , but (VP was n't (VP paid (NP *-3))) , (PP-TMP in (NP September))))))))))) and (SBAR that (S (NP-SBJ the parent company) (VP ca n't (VP recover (NP the amount) (PP-CLR from (NP its subsidiary)) (SBAR-ADV if (S (NP-SBJ the parent company) (VP makes (NP the payment))))))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ Lone Star Technologies) (VP said (SBAR 0 (S (NP-SBJ the bankruptcy court) (VP granted (NP Lone Star Steel) (NP (NP an extension) (PP until (NP year end)) (PP on (NP (NP its exclusive period) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP present (NP a reorganization plan) (ADVP-TMP *T*-1)))))))))))) .)) (TOP (S (NP-SBJ-1 The 120-day exclusivity period) (VP was (S (NP-SBJ *-1) (VP to (VP expire (NP-TMP yesterday))))) .)) (TOP (S (PP-LOC Under (NP Chapter 11)) , (NP-SBJ-1 a company) (VP (VP continues (S (NP-SBJ *-1) (VP to (VP operate)))) , but (VP is (VP protected (PP-CLR from (NP creditor lawsuits)) (SBAR-TMP while (S (NP-SBJ-2 it) (VP tries (S (NP-SBJ *-2) (VP to (VP work (PRT out) (NP a plan (S (NP-SBJ *) (VP to (VP pay (NP its debt)))))))))))))) .)) (TOP (S (NP-SBJ-1 Nothing) (VP was (VP going (S (NP-SBJ *-1) (VP to (VP hold (PRT up) (NP (NP the) long-delayed settlement (PP of (NP (NP Britton) (PP vs. (NP Thomasini)))))))))) .)) (TOP (FRAG Not even (NP an earthquake) .)) (TOP (S (PP-TMP On (NP (NP the afternoon) (PP of (NP Oct. 17)))) , (PP-TMP after (NP (NP hours) (PP of (S-NOM (NP-SBJ *) (VP haggling (PP-CLR with (NP five insurance-claims adjusters)) (PP over (S-NOM (NP-SBJ *) (VP settling (NP a toxic-waste suit))))))))) , (NP-SBJ four lawyers) (VP had (NP an agreement) (PP in (NP hand))) .)) (TOP (S But (SBAR-TMP as (S (NP-SBJ Judge Thomas M. Jenkins) (VP donned (NP his robes) (SBAR-PRP so (S (NP-SBJ he) (VP could (VP give (NP final approval)))))))) , (NP-SBJ the major earthquake) (VP struck , (S-ADV (NP-SBJ its epicenter) (ADVP-LOC-PRD not far (PP from (NP (NP his courtroom) (PP-LOC in (NP (NP Redwood City) , (NP Calif)))))))) .)) (TOP (S (S (NP-SBJ The walls) (VP shook)) ; (S (NP-SBJ the building) (VP rocked)) .)) (TOP (S (PP For (NP a while)) , (NP-SBJ it) (VP looked (SBAR like (S (NP-SBJ (NP the deal) (PRN -- (S (NP-SBJ *) not (VP to (VP mention (NP (NP the courtroom) (NP itself))))) --)) (VP was (PP-PRD on (NP (NP the verge) (PP of (NP collapse)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The judge) (VP (VP came (ADVP-DIR out)) and (VP said , ` (S (ADVP Quick) , (NP-SBJ *) (VP let (S (NP-SBJ 's) (VP put (NP this) (PP-PUT on (NP the record))))))))) , ' '' (VP says (S *T*-1)) (NP-SBJ (NP Sandy Bettencourt) , (NP (NP the judge 's) court reporter)) .)) (TOP (S `` (NP-SBJ I) (VP said , ` (ADVP-CLR NOW)) ? ')) (TOP (S (NP-SBJ I) (VP was (VP shaking (NP-TMP the whole time))) . '')) (TOP (S (NP-SBJ A 10-gallon water cooler) (VP had (VP toppled (PP-LOC onto (NP the floor)) , (S-ADV (NP-SBJ *) (VP soaking (NP the red carpeting))))) .)) (TOP (S (S (NP-SBJ Lights) (VP flickered (ADVP on and off))) ; (S (NP-SBJ plaster) (VP dropped (PP-DIR from (NP the ceiling)))) , (S (NP-SBJ the walls) (ADVP still) (VP shook)) and (S (NP-SBJ an evacuation alarm) (VP blared (ADVP-LOC outside))) .)) (TOP (S (NP-SBJ The four lawyers) (VP climbed (PP-DIR out (PP from (PP under (NP a table))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ *) (VP Let (S (NP-SBJ 's) (VP close (NP the door))))) , '' (VP said (S *T*-1)) (NP-SBJ the judge) (SBAR-TMP as (S (NP-SBJ he) (VP climbed (PP-DIR to (NP his bench))))) .)) (TOP (SINV (PP-PRD-TPC-3 At (NP stake)) (VP was (PP-PRD *T*-3)) (NP-SBJ (NP an (ADJP $ 80,000 *U*) settlement ) (VP involving (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP should (VP pay (NP (NP what share) (PP of (NP (NP cleanup costs) (PP-LOC at (NP (NP the site) (PP of (NP a former gas station)) , (SBAR (WHADVP-2 where) (S (NP-SBJ underground fuel tanks) (VP had (VP (VP leaked) and (VP contaminated (NP the soil)) (ADVP-LOC *T*-2)))))))))))))))) .)) (TOP (S And (NP-SBJ-1 the lawyers) (VP were (ADJP-PRD (ADJP just as eager) (PP as (NP the judge)) (S (NP-SBJ *-1) (VP to (VP wrap (NP it) (PRT up)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 We) (VP were (ADVP-TMP never) (VP going (S (NP-SBJ *-2) (VP to (VP get (S (NP-SBJ these insurance companies) (VP to (VP agree (ADVP again)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP John V. Trump) , (NP (NP a San Francisco defense lawyer) (PP-LOC in (NP the case)))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ the insurance adjusters) (VP had (ADVP already) (VP bolted (PP-DIR out (PP of (NP the courtroom))))) .)) (TOP (S (NP-SBJ-1 The lawyers) (VP went (PP-CLR to (NP work)) (ADVP anyway) , (S-ADV (NP-SBJ *-1) (ADVP duly) (VP noting (SBAR that (S (NP-SBJ the proceeding) (VP was (VP taking (NP-CLR place) (PP-TMP during (NP a major earthquake))))))))) .)) (TOP (S (ADVP-TMP (NP Ten minutes) later) , (NP-SBJ-1 it) (VP was (VP done (NP *-1))) .)) (TOP (S (PP For (NP the record)) , (NP-SBJ (NP Jeffrey Kaufman) , (NP (NP an attorney) (PP for (NP (NP Fireman 's) Fund))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP was `` (VP rattled -- (ADVP-MNR both literally and figuratively)))))) . '')) (TOP (SINV `` (S-TPC-1 (NP-SBJ My belief) (VP is (ADVP-TMP always) , (SBAR-PRD 0 (S (SBAR-ADV if (S (NP-SBJ you) (VP 've (VP got (NP a settlement))))) , (NP-SBJ you) (VP read (NP it) (PP-DIR into (NP the record))))))) . '' (VP says (S *T*-1)) (NP-SBJ (NP Judge Jenkins) , (VP (ADVP-TMP now) known (NP *) (PP-LOC in (NP his courthouse)) (PP-CLR as `` (NP Shake 'Em Down Jenkins)))) . '')) (TOP (S (NP-SBJ The insurance adjusters) (VP think (ADVP-MNR differently)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP did n't (VP know (SBAR if (S (NP-SBJ it) (VP was (NP-PRD (NP World War III) or (NP what)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Melanie Carvain) (PP of (NP (NP Morristown) , (NP N.J)))) .)) (TOP (S `` (S-NOM-SBJ (NP-SBJ *) (VP Reading (NP the settlement) (PP-DIR into (NP the record)))) (VP was (NP-PRD (NP the last thing) (PP on (NP my mind)))) .)) (TOP (S (NP-SBJ Edison Brothers Stores Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP 229 Foxmoor (NP women 's) apparel stores) (PP-CLR from (NP (NP Foxmoor Specialty Stores Corp.) , (NP (NP a unit) (PP of (NP (NP Dylex Ltd.) (PP of (NP Toronto)))))))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Edison) (VP said (SBAR 0 (S (NP-SBJ-1 the acquired stores) (VP would (VP be (VP integrated (NP *-1) (PP-CLR into (NP its current operations)))))))) .)) (TOP (NP-HLN (NP BROWN-FORMAN Corp .) (PRN -LRB- (NP-LOC (NP Louisville) , (NP Ky.)) -RRB-) --)) (TOP (S (NP-SBJ-1 (NP David R. Jackson) , formerly (NP (NP vice president) , (NP (NP managing director) (PP of (NP (NP corporate communications) (PP for (NP Maxwell Communication Inc.))))) ,)) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP vice president) and (NP (NP assistant) (PP to (NP (NP the chairman) (PP of (NP (NP this maker) (PP of (NP (NP alcoholic beverages) and (NP consumer products)))))))))))) .)) (TOP (S (NP-SBJ Your Oct. 4 front page) (VP noted (SBAR (SBAR that (S (NP-SBJ-2 British lawyers) (VP have (S (NP-SBJ *-2) (VP to (VP wear (NP wigs) (PP-LOC in (NP court)))))))) and (SBAR that (S (NP-SBJ-1 these wigs) (VP are (VP made (NP *-1) (PP from (NP (NP horses ') tails)))))))) .)) (TOP (SQ Do (NP-SBJ you) (VP think (SBAR 0 (S (NP-SBJ the British) (VP know (NP (NP something) (SBAR (WHNP-1 that) (S (NP-SBJ we) (VP do n't (NP *T*-1))))))))) ?)) (TOP (NP Yale Jay Lubkin)) (TOP (NP (NP Owings) , (NP Md) .)) (TOP (NP (NP Applause) (PP for (NP `` (S-HLN (ADVP-TMP Sometimes) , (NP-SBJ Talk) (VP Is (NP-PRD the Best Medicine))) , '' (PP-LOC in (NP your Oct. 5 Marketplace section)))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP the `` art) (PP of (NP doctoring))) '' (VP (VP does (VP contribute (PP-CLR to (NP better health results)))) and (VP discourages (NP unwarranted malpractice litigation))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Elaborating (PP-CLR on (NP (NP the concern) (PP about (S-NOM (NP-SBJ-1 doctors ') (VP sacrificing (NP earnings) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP spend `` (NP talk time) '' (PP with (NP patients))))))))))))) , (NP-SBJ we) (VP are (VP finding (SBAR 0 (S (NP-SBJ (NP the quality) (PP of (NP (NP the time) (VP spent (NP *))))) (VP is (NP-PRD (NP the key) (PP to (NP true rapport)))))))) .)) (TOP (S (NP-SBJ-1 Even brief conversations) (VP (VP can (VP show (NP caring and trust))) , and (VP need (S (NP-SBJ *-1) not (VP (VP restrict (NP (NP the efficiency) (PP of (NP the communication)))) or (VP restrain (NP (NP the doctor 's) earnings)))))) .)) (TOP (S (NP-SBJ The issue) (VP is (ADJP-PRD far-reaching)) .)) (TOP (S (ADVP-TMP Right now) , (NP-SBJ the American populace) (VP is (VP spending (NP (NP (QP about 12) %) (PP of (NP our gross national product))) (PP-CLR on (NP health care)))) .)) (TOP (S (NP-SBJ That) (VP amounts (PP-CLR to (NP (NP (QP more than $ 350 billion) *U*) (NP-ADV a year)))) .)) (TOP (S And (NP-SBJ it) (VP is (VP estimated (SBAR that (S (NP-SBJ (NP (NP (QP more than 20) %) (PP of (NP that))) , (NP (QP $ 70 billion) *U*) ,) (VP goes (PP-DIR to (NP `` (NP defensive medicine) '' -- (NP (NP those measures) (VP taken (NP *) (PP by (NP-LGS doctors)) (S-PRP (NP-SBJ *) (VP to (VP protect (NP themselves) (PP-CLR from (NP the (ADJP most unlikely) possibilities)))))))))))))) .)) (TOP (S So (NP-SBJ-1 we) all (VP stand (S (NP-SBJ *-1) (VP to (VP benefit (SBAR-ADV if (S (NP-SBJ patient-physician relations) (VP become (NP-PRD a `` partnership)))))))) . '')) (TOP (NP (NP President) (NP (NP North American Physicians Insurance) (NP Risk Retention Group)))) (TOP (S (NP-SBJ Chrysler Corp. Chairman Lee A. Iacocca) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the nation 's) No. 3 auto maker) (VP will (VP need (S (NP-SBJ *-1) (VP to (VP close (NP (NP one or two) (PP of (NP its assembly plants)))))) (PP-PRP because of (NP (NP the slowdown) (VP hitting (NP the industry))))))))) .)) (TOP (S (PP-LOC In (NP (NP an interview) (PP with (NP the trade journal Automotive News)))) , (NP-SBJ-2 Mr. Iacocca) (VP declined (S (NP-SBJ *-2) (VP to (VP say (SBAR (SBAR (WHNP-1 which plants) (S (NP-SBJ *T*-1) (VP will (VP close)))) or (SBAR (WHADVP-3 when) (S (NP-SBJ Chrysler) (VP will (VP make (NP the moves) (ADVP-TMP *T*-3)))))))))) .)) (TOP (S But (NP-SBJ he) (VP said , `` (S (NP-SBJ we) (VP have (NP (ADJP too many) plants) (PP-LOC in (NP our system))))) .)) (TOP (S So (NP-SBJ-1 the (ADJP (ADJP older) or (ADJP most inefficient)) capacity) (VP has (VP got (S (NP-SBJ *-1) (VP to (VP go))))) . '')) (TOP (S (PP According (PP to (NP industry analysts))) , (NP-SBJ (NP Chrysler plants) (ADJP most likely (S (NP-SBJ *) (VP to (VP close))))) (VP are (NP-PRD (NP (NP the St. Louis No. 1 facility) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP builds (NP Chrysler LeBaron and Dodge Daytona models))))) ; (NP (NP the (NAC-LOC Toledo , Ohio ,) Jeep plant) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP dates (ADVP-CLR back (PP to (NP the early 1900s))))))) ; and (NP (NP two Canadian plants) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP build (NP (NP the Jeep Wrangler) and (NP (NP Chrysler 's) full-sized vans)))))))) .)) (TOP (S (NP-SBJ-1 Chrysler) (VP has (VP had (S (NP-SBJ *-1) (VP to (ADVP-TMP temporarily) (VP close (NP the St. Louis and Toledo plants)))) (ADVP-TMP recently) (PP-PRP because of (NP (NP excess inventories) (PP of (NP (NP vehicles) (VP built (NP *) (ADVP-LOC there)))))))) .)) (TOP (S (PP-LOC At (NP (NP Chrysler 's) 1990 model preview)) (NP-TMP last month) , (NP-SBJ Chrysler Motors President Robert A. Lutz) (VP said (SBAR 0 (S (NP-SBJ-1 the No. 3 auto maker) , (ADVP along (PP with (NP other U.S. manufacturers))) , (VP might (VP be (VP forced (S (NP-SBJ *-1) (VP to `` (VP realign ... (NP capacity))) '') (SBAR-ADV if (S (NP-SBJ market demand) (VP does n't (VP improve)))))))))) .)) (TOP (S But (NP-SBJ (NP Mr. Iacocca 's) remarks) (VP are (NP-PRD (NP the (ADJP most specific) indication) (PP to (NP date)) (PP of (SBAR-NOM (WHNP-1 (WHADVP how many) plants) (S (NP-SBJ *T*-1) (VP could (VP be (PP-PRD in (NP jeopardy))))))))) .)) (TOP (S (NP-SBJ General Motors Corp.) (VP has (VP signaled (SBAR that (S (NP-SBJ (NP (QP as many as five)) (PP of (NP its (UCP U.S. and Canadian) plants))) (VP may not (VP survive (NP the mid-1990s) (SBAR-ADV as (S (NP-SBJ-1 it) (VP struggles (S (NP-SBJ *-1) (VP to (VP trim (NP its excess vehicle-production capacity))))))))))))) .)) (TOP (S (NP-SBJ The overcapacity problem) (VP has (VP intensified (PP-TMP in (NP recent years)) , (PP with (S-NOM (NP-SBJ foreign auto makers) (VP beginning (NP car and truck production) (PP-LOC in (NP the U.S))))))) .)) (TOP (S (PP With (S-NOM (NP-SBJ (NP companies) (PP such as (NP (NP Honda Motor Co.) , (NP Toyota Motor Corp.) and (NP Nissan Motor Co.)))) (VP running (NP so-called transplant auto operations)))) , (NP-SBJ (NP Japanese auto production) (PP-LOC in (NP the U.S.))) (VP will (VP reach (NP (QP one million) vehicles) (NP-TMP this year))) .)) (TOP (S `` (S-TPC-2 (SBAR-ADV Unless (S (NP-SBJ the market) (VP (VP goes (PP-DIR to (NP (QP 19 million) units))) (PRN -- (SBAR (WHNP-1 which) (S (NP-SBJ (NP we) (NP all)) (VP know (SBAR 0 (S (NP-SBJ-3 it) (VP 's not (VP going (S (NP-SBJ *-3) (VP to (VP do (NP *T*-1))))))))))) --)))) (NP-SBJ we) (VP have (NP the inescapable fact (SBAR that (S (NP-SBJ the transplants) (VP are (VP adding (NP capacity)))))))) , '' (NP-SBJ Mr. Lutz) (VP said (S *T*-2) (NP-TMP last month)) .)) (TOP (S (S-TPC-4 (S (NP-SBJ The Japanese-managed plants) (ADVP-TMP eventually) (VP will (VP have (NP the capacity (S (NP-SBJ *) (VP to (VP build (NP (QP some 2.5 million) vehicles) (PP-LOC in (NP the U.S.))))))))) and (S (NP-SBJ that) (VP will (VP translate (PP-CLR into `` (NP (NP market share) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP is (VP going (S (NP-SBJ-3 *-2) (VP to (VP have (S (NP-SBJ *-3) (VP to (VP come (PP-DIR out (PP of (NP somebody))))))))))))))))))) , '' (NP-SBJ he) (VP added (SBAR 0 (S *T*-4))) .)) (TOP (S (ADVP-TMP Already) (NP-SBJ Chrysler) (VP has (VP closed (NP (NP the (NAC-LOC Kenosha , Wis. ,) plant) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP acquired (NP *T*-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ it) (VP bought (NP American Motors Corp.) (PP-TMP in (NP 1987)) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (NP-SBJ Chrysler) (VP has (ADVP also) (VP launched (NP (NP a (ADJP (QP $ 1 billion) *U*) cost-cutting program ) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP cut (NP (QP about 2,300) white-collar workers) (PP from (NP the payroll)) (PP-TMP in (NP the next few months))))))))) .)) (TOP (S (NP-SBJ (NP Revco D.S. Inc.) , (NP (NP the drugstore chain) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP filed (PP-CLR for (NP bankruptcy-court protection)) (NP-TMP last year))))) ,) (VP received (NP a (ADJP (QP $ 925 million) *U*) offer) (PP-CLR from (NP (NP a group) (VP led (NP *) (PP by (NP-LGS Texas billionaire Robert Bass)))))) .)) (TOP (S (NP-SBJ-1 Revco) (VP reacted (ADVP-MNR cautiously) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ the plan) (VP would (VP add (NP (NP (QP $ 260 million) *U*) (PP of (NP new debt))) (PP-CLR to (NP the (ADJP highly leveraged) company))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP was (NP-PRD (NP (NP Revco 's) huge debt) (PP from (NP (NP its (ADJP (QP $ 1.3 billion) *U*) leveraged buy-out) (PP-TMP in (NP 1986))))) (SBAR-1 (WHNP-2 that) (S (NP-SBJ *T*-2) (VP forced (S (NP-SBJ it) (VP to (VP seek (NP protection) (PP-LOC under (NP (NP Chapter 11) (PP of (NP the federal Bankruptcy Code))))))))))) .)) (TOP (S (NP-SBJ Revco) (VP insists (SBAR that (S (NP-SBJ the proposal) (VP is (ADVP simply) (NP-PRD (NP an `` expression) (PP of (NP interest))) , '' (SBAR-PRP because (S (PP-LOC under (NP Chapter 11)) (NP-SBJ Revco) (VP has `` (NP exclusivity rights) '' (PP-TMP until (NP Feb. 28))))))))) .)) (TOP (S (NP-SBJ Those rights) (VP prevent (NP-1 (NP anyone) (ADJP other (PP than (NP Revco)))) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP proposing (NP a reorganization plan))))) .)) (TOP (S (ADVP Also) (PP-LOC under (NP Chapter 11)) , (NP-SBJ a reorganization plan) (VP is (ADJP-PRD subject (PP to (NP (NP approval) (PP by (NP (NP bondholders) , (NP banks) and (NP other creditors))))))) .)) (TOP (S (NP-SBJ (NP (NP A financial adviser) (PP for (NP Revco bondholders))) , (NP David Schulte) , (PP of (NP Chilmark Partners)) ,) (VP had (NP (NP mixed reactions) (PP to (NP the offer)))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP feared (SBAR (SBAR 0 (S (NP-SBJ a Revco reorganization) (VP might (VP force (S (NP-SBJ bondholders) (VP to (VP accept (NP a `` cheap deal)))))))) , '' and (SBAR that (S (NP-SBJ (NP the Bass group 's) offer) (VP would (VP give (NP them) (NP more money)))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ-1 the group) (VP is (VP offering (S (NP-SBJ *-1) (VP to (VP pay (PRT off) (NP bondholders) (PP-MNR in (NP (NP (NP cash only) (PRN -- (NP (QP $ 260.5 million) *U*) --)) and (NP no equity)))))))) .)) (TOP (S (S (NP-SBJ The Revco bonds) (VP are (NP-PRD high-yield , high-risk `` junk '' bonds))) ; (S (S-TPC-1 (NP-SBJ holders) (VP have (NP (NP (QP $ 750 million) *U*) (PP in (NP (NP claims) (PP against (NP Revco))))))) , (NP-SBJ Mr. Schulte) (VP said (SBAR 0 (S *T*-1)))) .)) (TOP (S (NP-SBJ Revco) (VP (VP received (NP the offer) (NP-TMP Oct. 20)) , but (VP issued (NP a response) (NP-TMP yesterday) (SBAR-TMP only after (S (NP-SBJ-1 (NP a copy) (PP of (NP the proposal))) (VP was (VP made (S (NP-SBJ *-1) (ADJP-PRD public)) (PP by (NP-LGS bondholders)))))))) .)) (TOP (S (NP-SBJ (NP Acadia Partners Limited Partnership) , (NP (NP a (NAC-LOC Fort Worth , Texas ,) partnership) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (NP the Robert M. Bass Group))))) ,) (VP made (NP the proposal)) .)) (TOP (S (NP-SBJ-1 Mr. Bass) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP Fort Worth)))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ (NP the nation 's) second-largest drugstore chain) (VP was (NP-PRD a valuable company) , (PP despite (NP its financial woes)))))) .)) (TOP (S-1 (NP-SBJ Its problem) (PRN , (S (NP-SBJ they) (VP say (S *T*-1))) ,) (VP is (SBAR-PRD that (S (S (NP-SBJ management) (VP paid (NP too much) (PP-LOC in (NP the leveraged buy-out)))) and (S (NP-SBJ the current (ADJP (QP $ 515 million) *U*) debt load ) (VP is (VP keeping (S (NP-SBJ Revco) (PP-PRD in (NP the red))))))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ *) (VP bought (PP-CLR at (NP the right price))))) , (NP-SBJ it) (VP could (ADVP still) (VP be (ADJP-PRD profitable)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Jeffrey Stein) , (NP (NP an analyst) (PP-LOC at (NP (NP McDonald & Co.) , (NP Cleveland))))) .)) (TOP (S-1 (PP In (NP addition)) , (S (NP-SBJ (NP (NP Revco 's) 1,900 stores) (PP-LOC in (NP 27 states))) (VP represent (NP (NP a lot) (PP of (NP real estate))))) , (PRN (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) and (S (S (NP-SBJ demographics) (VP are (VP helping (NP pharmacies)))) : (S (NP-SBJ (NP The nation 's) aging population) (VP will (VP boost (NP (NP demand) (PP for (NP prescription drugs))))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ (NP (NP Revco 's) parent company) , (NP Anac Holding Corp.) ,) (VP said (SBAR 0 (S (NP-SBJ the company) (VP reported (NP (NP a loss) (PP of (NP (QP $ 16.2 million) *U*)) (PP-TMP for (NP the fiscal first quarter))) , (PP compared (PP with (NP (NP a loss) (PP of (NP (QP $ 27.9 million) *U*)) (PP-TMP in (NP the year-earlier quarter))))))))) .)) (TOP (S (NP-SBJ Sales) (VP were (NP-PRD (QP $ 597.8 million) *U*) , (ADVP up (NP 2.4 %) (PP from (NP-TMP the previous year)))) .)) (TOP (S (NP-SBJ (NP The company) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Twinsburg) , (NP Ohio)))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP its operating profit) (PP before (NP depreciation and amortization))) (VP increased (NP-EXT 51 %) , (PP-DIR to (NP (QP $ 9.2 million) *U*)) (PP-DIR from (NP (QP $ 6.1 million) *U*)))))) .)) (TOP (S (NP-SBJ-1 (NP Acadia Partners) and (NP the Bass Group)) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ The partnership) (ADVP also) (VP includes (NP (NP American Express Co.) , (NP (NP Equitable Life Assurance Society) (PP of (NP the U.S.))) and (NP Shearson Lehman Hutton Inc))) .)) (TOP (S (NP-SBJ The offer) (VP consists (PP-CLR of (NP (NP (NP (QP $ 410.5 million) *U*) (PP in (NP cash))) and (NP (NP the rest) (PP in (NP notes)))))) .)) (TOP (S (S (NP-SBJ Acadia) (VP would (VP sell (NP (NP (QP up to 10) %) (PP of (NP (NP the equity) (PP in (NP the reorganized company))))) (PP-DTV to (NP creditors and bondholders)) (PP in (NP (NP exchange) (PP for (NP the cash distribution))))))) , but (S (NP-SBJ creditors and bondholders) (VP would (VP receive (NP no discount) (PP for (NP their shares))))) .)) (TOP (S (NP-SBJ (NP (NP Revco 's) chairman and chief executive officer) , (NP Boake A. Sells) ,) (VP said (SBAR 0 (S (S (NP-SBJ both (NP the company) and (NP the bondholders)) (VP have (VP put (PRT forth) (NP reorganization plans)))) , but (S (NP-SBJ-1 little progress) (VP has (VP been (VP made (NP *-1) (SBAR-TMP since (S (NP-SBJ negotiations) (VP began (NP-TMP this summer))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP has not (VP met (PP-CLR with (NP (NP representatives) (PP from (NP Acadia))))))))) .)) (TOP (S-1 (NP-SBJ Any reorganization proposal) , (PRN (S (NP-SBJ Mr. Sells) (VP said (SBAR 0 (S *T*-1)))) ,) (VP is (ADJP-PRD difficult (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP assess (NP *T*-3)))))) (SBAR-PRP because (S (NP-SBJ-2 it) (VP must (VP be (VP agreed (PP-CLR upon (NP *-2)) (PP by (NP-LGS the (NX (NX company) , (NX bondholders) , (NX banks) and (NX other creditors)))))))))) .)) (TOP (S (NP-SBJ Revco) (VP has (NP (NP (QP $ 1.5 billion) *U*) (PP in (NP claims)) (ADJP outstanding))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ It) (VP 's not (SBAR-PRD like (S (NP-SBJ the board) (VP can (VP decide '' (PP-MNR by (NP itself)))))))) , (NP-SBJ-2 Mr. Sells) (VP said (SBAR 0 (S *T*-1)) , (S-ADV (NP-SBJ *-2) (VP adding , `` (S (NP-SBJ we) (VP 're (ADJP-PRD indifferent (PP to (NP -LRB- the Bass -RRB- plan)))))))) .)) (TOP (S (NP-SBJ We) (ADVP just) (VP want (NP (NP a plan) (SBAR (WHNP-1 that) (S (S (NP-SBJ *T*-1) (VP satisfies (NP creditors))) and (S (NP-SBJ *T*-1) (PP-TMP at (NP the end)) (VP leaves (NP a healthy Revco))))))) . '')) (TOP (S But (NP-SBJ (NP Mr. Schulte) , (NP (NP the bondholders ') adviser) ,) (VP said (SBAR 0 (S (NP-SBJ-1 Revco) (VP was (VP dragging (NP its feet) (PP in (S-NOM (NP-SBJ *-1) (VP responding (PP-CLR to (NP the proposal)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 They) (VP want (S (NP-SBJ *-2) (VP to (VP pretend (SBAR 0 (S (NP-SBJ it) (VP does n't (VP exist))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Mr. Schulte) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP met (PP-CLR with (NP Acadia representatives)) (PP-TMP on (NP Oct. 10))))) ,) (VP said , `` (S (NP-SBJ It) (VP 's (ADVP certainly) (NP-PRD a responsible offer)))) .)) (TOP (S (NP-SBJ It) (VP 's not (NP-PRD an effort (S (NP-SBJ *) (VP to (VP steal (NP the company) '' (PP-TMP in (NP (NP the middle) (PP of (NP the night))))))))) .)) (TOP (S (NP-SBJ-1 Copper futures prices) (VP failed (S (NP-SBJ *-1) (VP to (VP extend (NP (NP Friday 's) rally))))) .)) (TOP (S (NP-SBJ Declines) (VP came (PP-PRP because of (NP concern (SBAR that (S (NP-SBJ (NP demand) (PP for (NP copper))) (VP may (VP slow (PRT down)))))))) .)) (TOP (S (NP-SBJ-2 The December contract) (VP was (ADVP-PRD down (NP (NP three cents) (NP-ADV a pound))) , (S-ADV (NP-SBJ *-2) (VP settling (PP-CLR at (NP (NP $ 1.1280 *U*) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (PP-PRD just above (NP (NP (NP the day 's) low) (PP of (NP $ 1.1270 *U*)))))))))))) .)) (TOP (S (S (NP-SBJ Futures prices) (VP fell (PP-TMP during (NP (QP three of five) sessions)) (NP-TMP last week))) , and (S (NP-SBJ (NP the losses) , (ADVP individually and cumulatively) ,) (VP were (ADJP-PRD (ADJP greater) (PP than (NP the advances))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Two) (PP of (NP the major factors)) (VP buoying (NP prices))) , (NP (NP the prolonged strikes) (PP at (NP (NP (NP the Highland Valley mine) (PP-LOC in (NP Canada))) and (NP (NP the Cananea mine) (PP-LOC in (NP Mexico)))))) ,) (VP were (ADVP finally) (VP resolved (NP *-1))) .)) (TOP (S (ADVP Also) , (S-TPC-1 (NP-SBJ (NP the premiums) (VP paid (NP *) (PP by (NP-LGS the U.S. government)) (PP on (NP (NP a purchase) (PP of (NP copper)) (PP for (NP the U.S. Mint)))))) (VP (VP were (ADJP-PRD (ADJP lower) (SBAR than (S (NP-SBJ *) (VP expected))))) , and (VP acted (PP-CLR as (NP a price depressant))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The mint purchases) (VP were (PP-PRD at (NP (NP premiums) (PP (NP-ADV (NP (QP about 4 1) cents) (NP-ADV a pound)) above (NP (NP the respective prices) (PP for (NP the copper))))))) .)) (TOP (S (PP-TMP At (NP the time)) (NP-SBJ merchants) (VP were (VP asking (PP-CLR for (NP (NP premiums) (PP of (NP (NP (QP about five) cents) (NP-ADV a pound))))))) .)) (TOP (S (NP-SBJ All this) (VP has (VP led (PP-DIR to (NP (NP prolonged selling) (PP in (NP futures)) , (PP (ADVP mostly) on (NP (NP the part) (PP of (NP computer-guided funds)))))))) .)) (TOP (S (NP-SBJ Prices) (VP (VP fell (PP-DIR through (NP (NP levels) (VP regarded (NP *) (PP-CLR as (NP important support areas)))))) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP added (PP-CLR to (NP the selling)))))) .)) (TOP (S (NP-SBJ (NP The reluctance (S *ICH*-1)) (PP of (NP traders)) (S-1 (NP-SBJ *) (VP to (VP buy (NP contracts))))) (VP indicates (SBAR that (S (NP-SBJ-2 they) (VP have (VP begun (S (NP-SBJ *-2) (VP focusing (PP-CLR on (NP (NP demand) (PP rather than (NP supply))))))))))) .)) (TOP (S (NP-SBJ (QP At least one) analyst) (VP noted (SBAR that (S (SBAR-ADV as (S (NP-SBJ production) (VP improves))) , (NP-SBJ (NP the concern) (PP among (NP traders))) (VP is (SBAR-PRD whether (S (NP-SBJ the prospective increased supply) (VP will (VP find (NP buyers))))) (ADVP-PRP because (PP of (NP (NP uncertainty) (PP over (NP national economies))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-3 (NP Demand) (PP from (NP Japan))) (VP is (VP expected (S (NP-SBJ-4 *-3) (VP to (VP continue (S-CLR (NP-SBJ *-4) (ADJP-PRD strong))))) , (FRAG-ADV but not (PP from (NP (NP other areas) (PP of (NP the world)))) (PP-TMP into (NP (NP the first quarter) (PP of (NP next year)))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ Japan) (ADVP normally) (VP depends (ADVP heavily) (PP-CLR on (NP (NP the Highland Valley and Cananea mines) (CONJP as well as) (NP (NP the Bougainville mine) (PP-LOC in (NP Papua New Guinea)))))) .)) (TOP (S (ADVP-TMP Recently) , (NP-SBJ Japan) (VP has (VP been (VP buying (NP copper) (ADVP-LOC elsewhere)))) .)) (TOP (S But (SBAR-TMP as (S (NP-SBJ-2 (NP Highland Valley) and (NP Cananea)) (VP begin (S (NP-SBJ *-2) (VP operating))))) , (NP-SBJ-1 they) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP resume (NP (NP their roles) (PP as (NP (NP Japan 's) suppliers)))))))) .)) (TOP (S (PP According (PP to (NP (NP Fred Demler) , (NP (NP metals economist) (PP for (NP (NP Drexel Burnham Lambert) , (NP-LOC New York))))))) , `` (S (NP-SBJ-1 Highland Valley) (VP has (ADVP already) (VP started (S (NP-SBJ *-1) (VP operating))))) and (S (NP-SBJ-2 Cananea) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP do (ADVP-PRD so) (ADVP-TMP soon))))))) . '')) (TOP (S (NP-SBJ-1 The Bougainville mine) (VP is (VP (ADVP generally) expected (S (NP-SBJ *-1) (VP to (VP remain (ADJP-PRD closed) (PP-TMP until (NP (NP (ADVP at least) the end) (PP of (NP the year))))))))) .)) (TOP (S (NP-SBJ It) (VP has n't (VP been (VP operating (PP-TMP since (NP May 15)) (PP-PRP because of (NP (NP attacks) (PP by (NP native landowners))))))) .)) (TOP (S (NP-SBJ-1 A recent attempt (S (NP-SBJ *) (VP to (VP resume (NP operations))))) (VP was (VP cut (S (NP-SBJ *-1) (ADJP-PRD short)) (ADVP-MNR quickly) (PP by (NP-LGS these attacks)))) .)) (TOP (S (ADVP However) , (NP-SBJ traders) (VP disregarded (NP (NP (NP a potential production disruption) (PP-LOC in (NP Chile))) and (NP (NP a continued drop) (PP-LOC in (NP inventories))))) .)) (TOP (S (NP-SBJ-2 (NP Workers) (PP at (NP (NP two Chilean mines) , (NP (NP Los Bronces) and (NP El Soldado)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP belong (PP-CLR to (NP the Exxon-owned Minera Disputado group))))) ,))) (VP will (VP vote (NP-TMP Thursday) (PP-CLR on (SBAR whether (S (NP-SBJ *-2) (VP to (VP strike (SBAR-TMP after (S (NP-SBJ a two-year labor pact) (VP ends (NP-TMP today))))))))))) .)) (TOP (S (NP-SBJ The mines) (VP produced (NP (NP a total) (PP of (NP (NP 110,000 tons) (PP of (NP copper))))) (PP-TMP in (NP 1988))) .)) (TOP (S (PP According (PP to (NP (NP Drexel 's) Mr. Demler))) , (NP-SBJ-3 the potential strike) (VP is (VP (VP expected (S (NP-SBJ-1 *-3) (VP to (VP be (VP resolved (NP *-1) (ADVP-MNR quickly)))))) , (SBAR-ADV (WHNP-2 which) (S (NP-SBJ *T*-2) (VP may (VP be (NP-PRD (NP one reason) (SBAR (WHADVP-4 why) (S (NP-SBJ the situation) (VP did n't (VP affect (NP prices) (ADVP much) (ADVP-PRP *T*-4)))))))))))) .)) (TOP (S (NP-SBJ Another analyst) (VP said (SBAR that , (S (SBAR-ADV if (S (NP-SBJ there) (VP was (NP-PRD any concern)))) , (NP-SBJ it) (VP was (SBAR-PRD that (S (NP-SBJ a strike) (VP could (VP encourage (NP (NP other walkouts) (PP-LOC in (NP Chile))))))))))) .)) (TOP (S (NP-SBJ London Metal Exchange copper inventories) (VP (VP fell (NP-EXT 550 tons) (NP-TMP last week) (PP-DIR to (NP 83,950 tons))) , (NP-ADV a smaller-than-expected decline)) .)) (TOP (S But (NP-SBJ that development) (ADVP also) (VP had (NP (NP little effect) (PP on (NP (NP traders ') sentiment)))) .)) (TOP (S (NP-SBJ Mr. Demler) (VP said (SBAR that (S (NP-SBJ (NP stocks) (PP of (NP copper)) (PP-LOC in (NP (NP U.S. producers ') hands))) (PP-TMP at (NP (NP the end) (PP of (NP September)))) (VP were (ADVP-PRD down (NP 16,000 metric tons) (PP-TMP from (NP August)) (PP to (NP 30,000 tons))))))) .)) (TOP (S-1 (PP-LOC Outside (NP the U.S.)) (PRN , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) ,) (NP-SBJ (NP producer stocks) (PP-TMP at (NP (NP the end) (PP of (NP August))))) (VP were (NP-PRD (NP 273,000 tons) , (ADVP down (NP 3,000 tons) (PP-TMP from (NP-TMP (NP the end) (PP of (NP July))))))) .)) (TOP (S (S (NP-SBJ (NP Consumer stocks) (PP of (NP copper)) (PP-LOC in (NP the U.S.))) (VP fell (PP-DIR to (NP 44,000 tons)) (PP-TMP at (NP (NP the end) (PP of (NP September)))) (PP-DIR from (NP 54,000 tons) (ADVP-TMP (NP a month) earlier)))) , and (S (NP-SBJ (NP stocks) (PP of (NP copper)) (VP held (NP *) (PP by (NP-LGS (NP consumers and merchants) (PP-LOC outside (PP of (NP the U.S.))))) (PP-TMP at (NP (NP the end) (PP of (NP July)))))) (VP stood (PP-CLR at (NP 123,000 tons)) , (ADVP down (PP from (NP 125,000 tons) (PP-TMP in (NP June)))))) .)) (TOP (S (NP-SBJ (NP The high point) (PP of (NP (NP foreigners ') copper stocks))) (NP-TMP this year) (VP was (NP-PRD 136,000 tons) (PP-TMP at (NP (NP the end) (PP of (NP April)))) , (PP according (PP to (NP Mr. Demler)))) .)) (TOP (FRAG-HLN (PP-LOC In (NP other commodity markets)) (NP-TMP yesterday) :)) (TOP (NP-HLN GRAINS AND SOYBEANS :)) (TOP (S (NP-SBJ (NP The prices) (PP of (NP most corn , soybean and wheat futures contracts))) (VP dropped (ADVP-EXT slightly) (SBAR-ADV as (S (NP-SBJ-2 (NP farmers) (PP-LOC in (NP the Midwest))) (VP continued (S (NP-SBJ *-2) (VP to (VP rebuild (NP (NP stockpiles) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP were (VP depleted (NP *-1) (PP by (NP-LGS the 1988 drought)))))))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Buying) (PP by (NP the Soviets))) (VP has (VP helped (S (NP-SBJ *-1) (VP to (VP prop (PRT up) (NP corn prices)))) (PP-TMP in (NP recent weeks))))) , but (S (NP-SBJ (NP a lack) (PP of (NP any new purchases))) (VP kept (NP prices) (PP-LOC-CLR in (NP the doldrums)))) .)) (TOP (NP-HLN COFFEE :)) (TOP (S (NP-SBJ Futures prices) (VP rose (ADVP-EXT slightly) (PP-LOC in (NP (NP a market) (VP filled (NP *) (PP-CLR with (NP rumors (SBAR that (S (NP-SBJ-1 a new international coffee agreement) (VP might (ADVP still) (VP be (VP achieved (NP *-1)))))))))))) .)) (TOP (S (NP-SBJ The December contract) (VP ended (PP with (NP (NP a gain) (PP of (NP (NP 1.29 cents) (NP-ADV a pound))))) (PP-CLR at (NP 74.35 cents))) .)) (TOP (S (PP According (PP to (NP one analyst))) , (NP-SBJ prices) (VP opened (ADVP-CLR higher) (PP-PRP because of (NP (NP reports (SBAR *ICH*-1)) (PP-TMP over (NP the weekend)) (SBAR-1 that (S (NP-SBJ Brazil and Colombia) , (PP-LOC at (NP (NP the Pan-American summit meeting) (PP-LOC in (NP Costa Rica)))) , (VP had (VP agreed (PP-CLR to (NP (NP a reduction) (PP-LOC in (NP their coffee export quotas)))) (PP-PRP for (NP (NP the sake) (PP of (S-NOM (NP-SBJ *) (VP creating (NP a new agreement))))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP The reports) , (VP attributed (NP *) (PP-CLR to (NP (NP the Colombian minister) (PP of (NP economic development))))) ,) (VP said (SBAR 0 (S (S (NP-SBJ-1 Brazil) (VP would (VP give (PRT up) (NP-2 (NP 500,000 bags) (PP of (NP its quota)))))) and (S (NP-SBJ=1 Colombia) (NP=2 200,000 bags)))))) , (NP-SBJ the analyst) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (S-TPC-3 (NP-SBJ-2 These reports) (VP were (ADVP-TMP later) (VP denied (NP *-2) (PP by (NP-LGS (NP a high Brazilian official) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ Brazil) (VP was n't (ADJP-PRD involved (PP in (NP (NP any coffee discussions) (PP on (NP quotas)))))))))))))))) , (NP-SBJ the analyst) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-2 The Colombian minister) (VP was (VP said (S (NP-SBJ *-2) (VP to (VP have (VP referred (PP-CLR to (NP (NP a letter) (SBAR (SBAR (WHNP-1 that) (S (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ President Bush) (VP sent (NP *T*-1) (PP-DTV to (NP Colombian President Virgilio Barco)))))))) , and (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ President Bush) (VP said (PP-LOC *T*-3) (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-4)) (VP was (ADJP-PRD possible) (S-4 (NP-SBJ *) (VP to (VP overcome (NP (NP obstacles) (PP to (NP a new agreement))))))))))))))))))))) .)) (TOP (S (NP-SBJ-2 The minister) (VP was (ADVP also) (VP quoted (PP-CLR as (S-NOM (NP-SBJ *-2) (VP saying (SBAR that (S (NP-SBJ-1 a new pact) (VP could (VP be (VP achieved (NP *-1) (PP-TMP during (NP (NP the first half) (PP of (NP next year)))))))))))) , (PP according (PP to (NP the analyst))))) .)) (TOP (NP-HLN PRECIOUS METALS :)) (TOP (S (NP-SBJ Futures prices) (VP showed (NP modest changes) (PP-LOC in (NP light trading volume))) .)) (TOP (S (NP-SBJ December delivery gold) (VP eased (NP-EXT (NP 40 cents) (NP-ADV an ounce)) (PP-DIR to (NP $ 380.80 *U*))) .)) (TOP (S (NP-SBJ December silver) (VP was (ADVP-PRD off (NP (NP 3.7 cents) (NP-ADV an ounce))) (PP at (NP $ 5.2830 *U*))) .)) (TOP (S (NP-SBJ January platinum) (VP rose (NP-EXT (NP 90 cents) (NP-ADV an ounce)) (PP-CLR at (NP $ 500.20 *U*))) .)) (TOP (S (NP-SBJ-1 The market) (VP turned (ADJP-PRD quiet) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP rising (ADVP-MNR sharply) (NP-TMP late last week)))) , (PP according (PP to (NP one analyst)))) .)) (TOP (S-1 (S (NP-SBJ (NP (NP (NP Last week 's) uncertainty) (PP-LOC in (NP the stock market))) and (NP a weaker dollar)) (VP triggered (NP (NP a flight) (PP to (NP safety))))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) but (S (NP-TMP yesterday) (NP-SBJ the market) (VP lacked (NP such stimuli))) .)) (TOP (S (S-TPC-1 (NP-SBJ There) (VP was (NP-PRD some profit-taking) (SBAR-PRP because (S (NP-SBJ (NP prices) (PP for (NP all the precious metals))) (VP had (VP risen (PP-DIR to (NP (NP levels) (SBAR (WHPP-2 at (WHNP which)) (S (NP-SBJ there) (VP was (NP-PRD (NP resistance) (PP to (NP further advance))) (PP-LOC *T*-2)))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The dollar) (VP (VP was (ADVP also) (ADJP-PRD slightly firmer)) and (VP prompted (NP some selling) , (ADVP as well)) , (PP according (PP to (NP the analyst)))) .)) (TOP (S (NP-SBJ Louisiana-Pacific Corp.) (VP said (SBAR 0 (S (NP-SBJ its board) (VP authorized (NP (NP the purchase) (PP of (NP (NP (QP as many as five million)) (PP of (NP its common shares)))) (PP for (NP (NP employee stock plans) and (NP other general corporate purposes)))))))) .)) (TOP (S (NP-SBJ The forest-products concern) (ADVP-TMP currently) (VP has (NP (NP (QP about 38 million) shares) (ADJP outstanding))) .)) (TOP (S (PP-LOC In (NP (NP (NP yesterday 's) composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ Louisiana-Pacific shares) (VP closed (PP-CLR at (NP $ 39.25 *U*)) , (ADVP down (NP 37.5 cents))) .)) (TOP (S (SBAR-TMP (WHADVP-4 When) (S (NP-SBJ the Supreme Soviet) (VP (VP passed (NP (NP laws) (PP-2 on (NP (NP workers ') rights))) (PP-TMP-3 in (NP May 1987))) and (VP (PP=2 on (NP self-managing cooperatives)) (ADVP-TMP=3 (NP a year) later)) (ADVP-TMP *T*-4)))) , (NP-SBJ some Western observers) (VP assumed (SBAR 0 (S (NP-SBJ Mikhail Gorbachev) (VP had (VP launched (NP the Soviet Union) (PP-CLR on (NP (NP a course) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP lead (ADVP inevitably) (PP-CLR to (NP (NP the creation) (PP of (NP a market economy))))))))))))))) .)) (TOP (S (NP-SBJ Their only doubt) (VP concerned (NP the possibility (SBAR (SBAR that (S (NP-SBJ Mr. Gorbachev) (VP might not (VP survive (NP (NP the opposition) (SBAR (WHNP-2 that) (S (NP-SBJ his reforms) (VP would (VP arouse (NP *T*-2)))))))))) and (SBAR that (S (NP-SBJ-1 the whole process) (VP might (VP be (VP reversed (NP *-1))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ (NP Mr. Gorbachev 's) goal) (VP is (NP-PRD (NP the creation) (PP of (NP a free market)))))) , (NP-SBJ (NP he) and (NP these Western observers)) (VP have (NP (NP good reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP fear (PP-CLR for (NP his future)) (ADVP-PRP *T*-1)))))) , (SBAR-PRP as (S (NP-SBJ (NP economic liberalization) (PP within (NP communist societies))) (VP leads (ADVP inexorably) (PP-CLR to (NP (NP demands) (PP for (NP fundamental political reform)) (VP accompanied (NP *) (PP by (NP-LGS civil unrest))))))))) .)) (TOP (S (NP-SBJ These fears) (VP were (ADJP-PRD clearly apparent) (SBAR-TMP (WHADVP-1 when) , (S (NP-TMP last week) , (NP-SBJ (NAC Secretary (PP of (NP State))) James Baker) (VP blocked (NP (NP a speech) (PP by (NP (NP Robert Gates) , (NP (NP deputy national security adviser) and (NP Soviet expert)) ,))) (PP-PRP on (NP the ground (SBAR that (S (NP-SBJ it) (VP was (ADJP-PRD too pessimistic (PP about (NP (NP the chances) (PP of (S-NOM (NP-SBJ (NP Mr. Gorbachev 's) economic reforms) (VP succeeding))))))))))) (ADVP-TMP *T*-1))))) .)) (TOP (S Yet (S (NP-SBJ (NP the Soviet leader 's) (NX (NX readiness (S (NP-SBJ *) (VP to (VP embark (PP-CLR on (NP foreign visits)))))) and (NX (NX steady accumulation) (PP of (NP personal power)) , (PP-TMP (ADVP particularly) since (NP (NP the last Politburo reshuffle) (PP-TMP on (NP Sept. 30)))) ,))) (VP do not (VP suggest (SBAR that (S (NP-SBJ Mr. Gorbachev) (VP is (PP-PRD on (NP (NP the verge) (PP of (S-NOM (NP-SBJ-1 *) (VP being (VP toppled (NP *-1))))))))))))) ; nor (SINV does (NP-SBJ-2 he) (VP look (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP reverse (NP (NP the powers) (PP of (NP perestroika))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP the Soviet miners strike) (NP-TMP this summer)) (VP (ADVP clearly) demonstrated (SBAR that (S (NP-SBJ Mr. Gorbachev) (VP must (VP proceed (PP-CLR with (NP economic reform))))))) .)) (TOP (SQ But is (NP-SBJ he) (ADJP-PRD (ADJP so clever) (SBAR that (S (NP-SBJ he) (VP has (VP achieved (NP (NP the political equivalent) (PP of (S-NOM (NP-SBJ *) (VP making (S (NP-SBJ water) (VP run (ADVP-DIR uphill)))))))))))) ?)) (TOP (SQ And has (NP-SBJ he) (ADVP truly) (VP persuaded (NP-2 the Communist Party) (S (NP-SBJ *-2) (VP to (VP accept (NP (NP economic change) (PP of (NP (NP a kind) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will , (ADVP-TMP sooner or later) , (VP lead (PP-DIR to (NP its demise))))))))))))) ?)) (TOP (S (NP-SBJ (NP An (ADJP (ADJP alternative) and (ADJP more convincing)) explanation) , (VP confirmed (NP *) (PP by (NP-LGS (NP recent events) and (NP (NP a close inspection) (PP of (NP the Gorbachev program)))))) ,) (VP is (SBAR-PRD that (S (NP-SBJ-1 the new Soviet (ADJP economic and social) structures) (VP are (VP intended (S (NP-SBJ *-1) (VP to (VP conform (PP-CLR to (NP (NP a model) (ADJP other (PP than (NP (NP that) (PP of (NP the market))))))))))))))) .)) (TOP (S (PP For (NP example)) , (SBAR-ADV while (S (NP-SBJ (NP the laws) (PP on (NP individual labor activity))) (VP allow (S (NP-SBJ a citizen) (VP to (VP earn (NP (NP a living) (ADJP independent (PP of (NP the state)))))))))) , (NP-SBJ-2 (NP strict provisions) (PP *ICH*-1)) (VP are (VP attached (NP *-2) (PP-1 on (SBAR (WHADVP-3 how far) (S (NP-SBJ this) (VP may (VP lead (ADVP *T*-3) (PP-CLR to (NP (NP the development) (PP of (NP a free market))))))))))) .)) (TOP (S (PP-TMP Before (S-NOM (NP-SBJ *-1) (VP (VP becoming (ADJP-PRD self-employed)) , or (VP setting (PRT up) (NP a cooperative))))) , (NP-SBJ-1 workers) (VP must (VP seek (NP (NP permission) (PP from (NP (NP the local soviet) (PRN -LRB- (NP council) -RRB-)))))) .)) (TOP (S (S (NP-SBJ Permission) (VP is (ADVP-PRD far (PP from (ADJP automatic))))) : (S (S (NP-SBJ The soviets) (VP have (NP the legal right (S (NP-SBJ *) (VP to (VP (VP turn (PRT down) (NP applications)) and (VP impose (NP conditions)))))))) , and (S (NP-SBJ-1 they) (VP appear (S (NP-SBJ *-1) (VP to (VP be (VP exercising (NP these powers)))))))) .)) (TOP (S (S (NP-SBJ-1 Private dressmaking) , (PP for (NP example)) , (VP is (VP (VP allowed (NP *-1) (PP-LOC in (NP 10 Soviet republics))) but (VP banned (NP *-1) (PP by (NP-LGS five)))))) ; (S (NP-SBJ-2 shoemaking) (VP (VP is (VP-3 allowed (NP *-2) (PP-LOC in (NP seven)))) but (VP (ADJP-PRD=3 illegal) (PP-LOC in (NP nine))))) .)) (TOP (S (NP-SBJ-2 (NP The controls) (PP on (NP cooperatives))) (VP appeared (ADJP-PRD relatively liberal) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-3 *-2) (ADVP-TMP first) (VP introduced (NP *-3) (ADVP-TMP *T*-1))))) .)) (TOP (S But (NP-SBJ that) (VP changed (PP-TMP following (NP (NP a resolution) (PP from (NP the Supreme Soviet)) (VP (VP banning (NP-1 cooperatives) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP operating (PP-LOC in (NP (NP some areas) (PP of (NP the economy)))))))) , and (VP permitting (NP activity) (PP-LOC in (NP others)) (SBAR-ADV only if (S (NP-SBJ the cooperatives) (VP are (PP-PRD under (NP (NP contract) (PP to (NP the state)))))))))))) .)) (TOP (S (S (NP-SBJ All independent media activity) (VP (VP is (ADVP-TMP now) (ADJP-PRD illegal)) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP perhaps) (VP is not (ADJP-PRD surprising)))))) , but (SINV (ADVP-PRD-TPC-2 so) (VP is (ADVP-PRD *T*-2)) (NP-SBJ (NP the manufacture) (PP of (NP (NP perfume) , (NP cosmetics) , (NP household chemicals) and (NP sand candles))))) .)) (TOP (S (NP-SBJ-1 Medical cooperatives) , (PP among (NP (NP the (ADJP most successful)) (PP-LOC in (NP the U.S.S.R.)))) , (VP are (VP banned (NP-2 *-1) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP (VP providing (NP (NP general-practitioner services) (PRN -LRB- (NP (NP their main source) (PP of (NP income))) -RRB-))) , (VP carrying (PRT out) (NP surgery)) , and (VP treating (NP (NP cancer patients) , (NP drug addicts) and (NP pregnant women)))))))) .)) (TOP (S (NP-TMP Earlier this month) , (NP-SBJ the Supreme Soviet) (VP adopted (NP (NP (NP two more resolutions) (VP restricting (NP (NP the freedom) (PP of (NP cooperatives))))) : (S (S (NP-SBJ The first) (VP enables (S (NP-SBJ the soviets) (VP to (VP set (NP (NP prices) (SBAR (WHPP-2 for (WHNP which)) (S (NP-SBJ-1 goods) (VP may (VP be (VP sold (NP *-1) (PP-CLR *T*-2)))))))))))) ; (S (NP-SBJ the second) (VP bans (NP-3 cooperatives) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP buying `` (NP industrial and food goods) '' (PP-CLR from (NP (NP the state) or (NP other cooperatives))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 Mr. Gorbachev) (VP is (VP looking (PP-CLR toward (S-NOM (NP-SBJ *-1) (VP unleashing (NP (NP the productive forces) (PP of (NP the market)))))))))) , (NP-SBJ these latest resolutions) (VP are (NP-PRD (NP nothing) (ADVP short (PP of (ADJP reckless))))) .)) (TOP (S (ADVP Along (PP with (NP some other revealing indicators))) , (NP-SBJ these developments) (VP suggest (SBAR that (S (SBAR-ADV while (S (NP-SBJ-2 Mr. Gorbachev) (VP wishes (S (NP-SBJ *-2) (VP to (VP move (ADVP-DIR away (PP from (NP some rigid central controls))))))))) , (NP-SBJ-3 he) (VP is (ADJP-PRD bent (PP on (S-NOM (NP-SBJ *-3) (VP creating (NP (NP economic structures) (PP of (NP (NP a kind) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (ADVP scarcely) (VP find (NP favor) (PP with (NP (NP the (UCP Austrian or Chicago) schools) (PP of (NP economic thought))))))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Gorbachev) (VP has (VP ruled (PRT out) (NP (NP the use) (PP of (NP the market)) (S-PRP (NP-SBJ *) (VP to (VP solve (NP (NP the problem) (PP of (NP insufficient consumer goods))))))))) .)) (TOP (S (NP-SBJ He) (VP told (NP (NP the Congress) (PP of (NP (NP People 's) Deputies))) (PP-TMP on (NP May 30)) : `` (S (NP-SBJ We) (VP do not (VP share (NP this approach) , (SBAR-PRP since (S (NP-SBJ it) (VP would (ADVP-TMP immediately) (VP (VP destroy (NP the social situation)) and (VP disrupt (NP (NP all the processes) (PP-LOC in (NP the country)))))))))))) . '')) (TOP (S (S-ADV (NP-SBJ *-4) (VP Having (VP (VP rejected (NP-2 central economic planning) (PP-PRP-3 for (NP economic reasons))) , and (VP (NP=2 the market) (PP-PRP=3 for (NP (NP fear) (PP of (NP the social (PRN -LRB- political -RRB-) consequences)))))))) , (NP-SBJ-4 Mr. Gorbachev) (VP seeks (NP (NP a `` third way '') (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP combine (NP (NP the discipline and controls) (PP of (NP the former))) (PP-CLR with (NP (NP the economic benefits) (PP of (NP the latter)))))))))) .)) (TOP (S (ADJP-ADV Most important) , (NP-SBJ this) (VP would (VP leave (S (S (NP-SBJ the party) (ADJP-PRD intact)) and (S (NP-SBJ (NP its monopoly) (PP of (NP political power))) (ADJP-PRD largely undisturbed))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP Mr. Gorbachev 's) proposals) (VP display (NP (NP a close conceptual resemblance) (PP to (NP (NP the tenets) (PP of (NP (NP Italian fascism) , (SBAR (WHNP-1 whose architects) (S (NP-SBJ *T*-1) (VP spoke (ADVP-MNR specifically) (PP-CLR (PP of (NP a `` third way '')) : (PP of (S-NOM (NP-SBJ *) (VP having (VP produced (NP (NP a historic synthesis) (PP of (NP socialism and capitalism))))))))))))))))) .)) (TOP (S (NP-SBJ-1 They) , (ADVP too) , (VP promised (S (NP-SBJ *-1) (VP to (VP combine (NP economic efficiency) (PP-CLR with (NP order and discipline)))))) .)) (TOP (S (NP-SBJ-1 (NP The emergence) (PP of (NP Russian corporatism))) (VP had (VP been (VP anticipated (NP *-1) (PP-CLR in (NP (NP (NP journalist George Urban 's) introduction) (PP to (NP (NP (NP a series) (PP of (NP colloquies))) (PRN -- `` (SQ-TTL Can (NP-SBJ the Soviet System) (VP Survive (NP Reform))) ? '' --) (VP published (NP *) (NP-TMP this spring))))))))) .)) (TOP (S `` (NP-SBJ Communism) (VP will (VP reach (NP (NP its final stage) (PP of (NP development))) (PP-CLR in (NP (NP a feckless Russo) (PRN -- (ADJP (ADJP corporation-socialist (PP in (NP form))) , (ADJP nationalistic (PP in (NP content))) and (ADJP Oriental (PP in (NP style)))) --) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP puzzle (NP the world) (PP with (S-NOM (NP-SBJ *) (VP alternating (NP (NP feats) (PP of (NP realism and recklessness)))))))))))))) ... . '')) (TOP (S (NP-SBJ (NP The fascist concept) (PP of (NP corporatism))) (VP envisaged (NP (NP an `` organic '' society) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ-2 citizens) (VP were (ADJP-PRD (ADJP (ADVP spiritually and morally) unified) , and (ADJP prepared (S (NP-SBJ *-2) (VP to (VP sacrifice (NP themselves) (PP-PRP for (NP the nation))))))) (PP-LOC *T*-1)))))) .)) (TOP (S (NP-SBJ-2 This unification) (VP was (S (NP-SBJ *-2) (VP to (VP be (VP brought (PRT about) (PP-MNR through (NP (NP policies and institutions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP unite (NP workers and employers) (PP-CLR with (NP government)) (PP in (NP a (ADJP (ADJP fully integrated) and (ADJP `` harmonic '')) society))))))))))))) .)) (TOP (S (NP-SBJ (NP The key) (PP to (NP (NP the creation) (PP of (NP the `` organic '' state))))) (VP lay (PP-CLR in (NP (NP the formation) (PP of (NP (NP `` natural '' groups) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP undertake (NP (NP the role) (PP of (NP decision-making)))))))))))) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ-2 (NP a parliamentary system) (VP based (NP *) (PP-CLR on (NP abstract political rights and groups)))) (VP was (VP held (S (NP-SBJ *-2) (VP to (VP (VP cause (NP *RNR*-1)) (PRN , (PP rather than (VP resolve (NP *RNR*-1))) ,) (NP-1 conflict)))))) .)) (TOP (S (NP-SBJ (NP The closeness) (PP of (NP Soviet perestroika)) (PP to (NP (NP the fascist social blueprint) (PP of (NP Mussolini))))) (VP was (ADJP-PRD evident) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Mr. Gorbachev) (VP presented (NP his economic vision) (PP to (NP the Soviet Congress)) (ADVP-TMP *T*-1))))) .)) (TOP (S (PP-LOC In (S-NOM (NP-SBJ *-1) (VP doing (ADVP-PRD so)))) , (NP-SBJ-1 he) (VP neither (VP rejected (NP a socialist planned economy)) nor (VP embraced (NP the free market))) .)) (TOP (S (ADVP Instead) , (NP-SBJ he) (VP proposed (NP (NP a `` law-governed economy , '') (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ there) (VP would (VP be (NP-PRD (NP a `` clear-cut division) (PP between (NP (NP (NP state direction) (PP of (NP the economy))) and (NP economic management)))) (PP-LOC *T*-1))))))) . '')) (TOP (S (NP-SBJ-1 The latter) (VP would (VP be (VP undertaken (NP *-1) (PP by `` (NP-LGS (NP enterprises) , (NP joint stock companies) and (NP cooperatives)))))) . '')) (TOP (S (NP-SBJ-2 These) (VP (VP would not (VP function (ADVP-MNR independently))) , but (VP would (VP act (ADVP together) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP form (NP `` (NP combines , unions and associations) '' (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP (VP tackle (NP problems)) and (VP coordinate (NP their activities))))))))))))) .)) (TOP (S (NP-SBJ Mr. Gorbachev) (VP is (PP-LOC-PRD in (NP (NP a (ADJP much stronger) position) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP pursue (NP the corporatist ideal) (ADVP *T*-2))))) (SBAR than (SINV was (NP-SBJ (NP Mussolini) , (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP was (ADVP-TMP never) (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP influence (NP (NP business giants) (PP such as (NP Pirelli and Fiat))))))))))) (PP-LOC-PRD *?*)))))) .)) (TOP (S (NP-SBJ The Soviet Communist Party) (VP has (NP the power (S (NP-SBJ *) (VP to (VP (VP shape (NP corporate development)) and (VP mold (NP-SBJ it) (PP-CLR into (NP (NP a body) (ADJP dependent (PP upon (NP it))))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-2) (VP To (VP ensure (NP (NP the loyalty) (PP of (NP the business sector)))))) , (NP-SBJ-2 Mr. Gorbachev) (VP may (VP offer (NP (NP concessions and powers) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP allow (S (NP-SBJ the business community) (VP to (VP preserve (NP its own interests) , (PP-MNR (ADVP probably) by (S-NOM (NP-SBJ *) (VP restricting (NP competition)))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ Mr. Gorbachev) (VP must (VP ensure (SBAR that (S (PP-LOC within (NP this `` alliance '')) (NP-SBJ the business sector) (VP remains (ADJP-PRD subordinate (PP to (NP the party)))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ he) (VP must (VP give (NP it) (NP (NP sufficient freedom) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP provide (NP (NP the economic benefits) (VP (ADVP-MNR so desperately) needed (NP *))) (ADVP *T*-1)))))))) .)) (TOP (S-CLF (NP-SBJ It) (VP is (NP-PRD (NP the promise) (PP of (NP economic returns))) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP is (VP supposed (S (NP-SBJ *-2) (VP to (VP make (S (NP-SBJ the corporatist model) (ADJP-PRD attractive (PP to (NP both (NP the party) and (NP labor))))))))))))) .)) (TOP (S (NP-SBJ The work force) (VP provides (NP (NP the third arm) (PP of (NP the `` alliance)))) . '')) (TOP (S (S (PP-LOC Within (NP the alliance)) (NP-SBJ-3 it) (VP is (VP supposed (S (NP-SBJ *-3) (VP to (VP act (PP-MNR as (NP a balancing force)) , (S-ADV (NP-SBJ *-3) (VP guarding (PP-CLR against (NP (NP (NP excessive control) (PP by (NP government))) or (NP (NP abuse) (PP of (NP its economic position)) (PP by (NP business))))))))))))) , for (S (NP-SBJ either) (VP could (VP result (PP-CLR in (NP (NP a deterioration) (PP of (NP its living standards))))))) (PRN -LRB- (S (PP-LOC under (NP the new resolutions)) , (NP-SBJ workers councils) (VP may (VP demand (SBAR that (S (S (NP-SBJ-1 a cooperative) (VP be (VP closed (NP *-1)))) or (S (NP-SBJ-2 its prices) (VP be (VP reduced (NP *-2))))))))) -RRB-) .)) (TOP (S (PP-MNR (PP By (S-NOM (NP-SBJ *-3) (VP providing (NP workers) (PP-CLR with (NP the opportunity (S (NP-SBJ *) (VP to (VP move (PP-DIR into (NP (NP the private sector) (SBAR (WHADVP-1 where) (S (NP-SBJ-2 wages) (VP tend (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD higher) (ADVP-LOC *T*-1))))))))))))))))) , and (PP by (S-NOM (NP-SBJ *-3) (VP holding (PRT out) (NP (NP the promise) (PP of (NP more consumer goods))))))) , (NP-SBJ-3 Mr. Gorbachev) (VP hopes (S (NP-SBJ *-3) (VP to (VP revive (NP (NP the popularity) (PP of (NP the party))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ the strategy) (VP requires (SBAR that (S (NP-SBJ he) (VP deal (ADVP-MNR effectively) (PP-CLR with (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP seek (NP genuine Western-style political pluralism)))))))))) .)) (TOP (S (NP-SBJ (NP The (ADJP most important) development) (PP-LOC in (NP (NP (NP Mr. Gorbachev 's) policy) (PP for (S-NOM (NP-SBJ *) (VP marginalizing (NP the opposition movement))))))) (VP is (NP-PRD the claim (SBAR that (S (NP-SBJ the U.S.S.R.) (ADVP also) (VP suffers (PP-CLR from (NP terrorism))))))) .)) (TOP (S (NP-SBJ (NP An increasing number) (PP of (NP (NP references) (PP by (NP the Soviet press)) (PP to (NP (NP (NP opposition groups) (ADJP (ADVP-TMP now) active (PP-LOC in (NP the U.S.S.R.)))) , particularly (NP the Democratic Union) ,))))) (VP (VP allege (SBAR that (S (NP-SBJ they) (VP show `` (NP terroristic tendencies) '')))) and (VP claim (SBAR that (S (NP-SBJ-1 they) (VP would (VP be (ADJP-PRD prepared (S (NP-SBJ-2 *-1) (VP to (VP kill (SBAR-PRP in order (S (NP-SBJ *-2) (VP to (VP achieve (NP their aims))))))))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP is (ADJP-PRD possible) (SBAR-2 that , (S (PP-LOC in (S-NOM (NP-SBJ *) (VP perpetuating (NP such myths)))) , (NP-SBJ-3 the ground) (VP is (VP being (VP laid (NP *-3) (PP for (NP (NP the arrest) (PP of (NP opposition activists)) (PP on (NP (NP the ground) (PP of (NP terrorism)))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Gorbachev) (VP would (VP appear (S (NP-SBJ *-1) (VP to (VP see (NP his central task) , (ADVP however) , (PP-CLR as (NP (NP that) (PP of (S-NOM (NP-SBJ *) (VP ensuring (SBAR that (S (NP-SBJ (NP foundations) (PP of (NP (NP an alliance) (PP among (NP (NP labor) , (NP capital) and (NP the state)))))) (VP are (VP (ADVP-MNR properly) laid (SBAR-TMP before (S (NP-SBJ (NP the demands) (PP for (NP a multiparty system))) (VP reach (NP a crescendo)))))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 he) (VP were (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP construct (NP a (ADJP popular and efficient) corporatist system)))))))) , (NP-SBJ-2 (NP he) or (NP his heir)) (VP would (VP be (ADJP-PRD wellplaced (S (NP-SBJ *-2) (VP (VP to (VP rein (PRT in) (NP political opposition))) , and (VP to (VP re-establish (NP control) (PP-LOC in (NP Eastern Europe))))))))) .)) (TOP (S (NP-SBJ (NP The weaknesses) (PP in (NP his plan))) (VP do not (VP lie (PP-LOC-CLR (PP in (NP the political calculations)) (PRN -- (S (NP-SBJ Mr. Gorbachev) (VP is (NP-PRD (NP a consummate political leader) , perhaps (NP (NP one) (PP of (NP the greatest)))))) --) but (PP in (NP its economic prescription))))) .)) (TOP (S (S (ADVP Contrary (PP to (NP widespread belief))) , (NP-SBJ-3 Mussolini) (VP failed (S (NP-SBJ *-3) (VP to (VP live (PP-CLR up (PP to (NP his promise (S (NP-SBJ *) (VP to (VP make (S (NP-SBJ the trains) (VP run (PP-MNR on (NP time))))))))))))))) ; (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD doubtful) (SBAR-1 whether (S (NP-SBJ Soviet-style corporatism) (VP will (VP (VP make (S (NP-SBJ Soviet trains) (VP run (PP-MNR on (NP time))))) , or (VP fill (NP the shops) (PP with (NP (NP goods) (SBAR (WHNP-2 that) (S (NP-SBJ the consumers) (VP (ADVP-MNR so desperately) crave (NP *T*-2))))))))))))) .)) (TOP (S (NP-SBJ Miss Brady) (VP is (NP-PRD (NP deputy director) (PP of (NP (NP the Russian Research Foundation) (PP-LOC in (NP London)))))) .)) (TOP (S (NP-SBJ New construction contracting) (VP climbed (NP-EXT 8 %) (PP-TMP in (NP September)) (PP-DIR to (NP an annualized (QP $ 274.2 billion) *U*)) , (PP with (S-NOM (NP-SBJ (ADJP commercial , industrial and public-works) contracts) (VP providing (NP (NP most) (PP of (NP the increase)))))) , (PP according (PP to (NP F.W. Dodge Group)))) .)) (TOP (S (PP-TMP Through (NP (NP the first nine months) (PP of (NP the year)))) , (NP-SBJ (NP the unadjusted total) (PP of (NP all new construction))) (VP was (NP-PRD (NP (QP $ 199.6 billion) *U*) , (ADJP flat (PP compared (PP with (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ The South) (VP was (ADVP-PRD off (NP 2 %)) (PP-TMP after (NP the first nine months)) , (SBAR-ADV while (S (NP-SBJ the North Central region) (VP was (ADVP-PRD up (NP 3 %)))))) .)) (TOP (S (NP-SBJ The (ADJP Northeast and West) regions) (VP were (ADJP-PRD unchanged)) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP A small decline) (PP in (NP (NP total construction) (PP for (NP the entire year))))) (VP is (ADJP-PRD possible) (SBAR-ADV if (S (NP-SBJ (NP contracting) (PP for (NP housing))) (VP does n't (VP increase (PP in (NP (NP response) (PP to (NP (NP this year 's) lower mortgage rates)))))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP George A. Christie) , (NP (NP (NP vice president) and (NP chief economist)) (PP of (NP (NP Dodge) , (NP (NP the forecasting division) (PP of (NP publisher McGraw-Hill Inc))))))) .)) (TOP (S (NP-SBJ The (ADJP seasonally adjusted) Dodge Index) (VP reached (NP 175) (PP-TMP in (NP September)) (PRN , (NP its highest level) (NP-TMP this year) ,) (PP from (NP 162) (PP-TMP in (NP August)))) .)) (TOP (S (NP-SBJ The index) (VP uses (NP (NP a base) (PP of (NP 100)) (PP-TMP in (NP 1982)))) .)) (TOP (S (NP-SBJ (ADJP Newly contracted) residential work) (VP edged (ADVP-EXT up (NP 2 %)) (PP-TMP in (NP September)) (PP-DIR to (NP an annualized (QP $ 121.2 billion) *U*)) , (SBAR-PRP (ADVP largely) because (S (NP-SBJ multifamily building) (VP rebounded (PP-CLR from (NP a (ADJP very weak) August)))))) .)) (TOP (S `` (S-TPC-1 (PP-TMP At (NP (NP the end) (PP of (NP the third quarter)))) , (NP-SBJ there) (VP was (ADVP still) (NP-PRD (NP no evidence) (PP of (NP (NP renewed home building) (PP in (NP (NP response) (PP to (NP (NP the midyear decline) (PP of (NP mortgage rates))))))))))) , '' (NP-SBJ Mr. Christie) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Housing) (VP has (VP (VP been (ADJP-PRD-1 weak) (NP-TMP-2 all year)) and (VP (ADVP=1 especially so) (PP-TMP=2 in (NP the past five months))))) .)) (TOP (S (NP-SBJ (NP Contracting) (PP for (NP non-residential buildings))) (VP rose (NP-EXT 10 %) (PP-TMP in (NP September)) (PP-DIR to (NP an annualized (QP $ 100.8 billion) *U*))) .)) (TOP (S (NP-SBJ (ADJP Commercial and industrial) construction) (VP rose (ADVP sharply) , (PP-PRP partly because of (NP (NP three large projects) , (NP (NP each) (VP expected (S (NP-SBJ *) (VP to (VP cost (NP (QP more than $ 100 million) *U*))))))))) .)) (TOP (S (NP-SBJ (NP Institutional building) , (PP such as (NP hospitals and schools)) ,) (VP eased (PP-TMP in (NP September)) (PP-TMP following (NP (NP a surge) (PP-TMP in (NP August))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the third quarter) (VP was (NP-PRD (NP the best) (PP *ICH*-1)) (ADVP-TMP (ADVP so far) (NP this year)) (PP-1 for (NP non-residential building))))) , (NP-SBJ (NP weakness) (ADVP-TMP early (PP in (NP the year)))) (VP held (NP the nine-month total) (PP-CLR to (NP (NP (QP $ 69.6 billion) *U*) , (ADVP up (NP just 1 %) (PP from (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (S (NP-SBJ (NP (ADJP Public-works and utility) projects) , (VP (ADVP also) known (NP *) (PP-CLR as (NP non-building contracting))) ,) (VP grew (NP-EXT 18 %) (PP-DIR to (NP (QP $ 52.2 billion) *U*)) (PP-TMP in (NP September)))) , but (S (NP-SBJ (NP the nine-month total) (PP of (NP (QP $ 36.9 billion) *U*))) (VP was (ADVP-PRD down (NP 3 %) (PP from (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The Sept. 30 end) (PP of (NP the federal fiscal year))) (VP may (VP have (VP prodded (S (NP-SBJ contractors) (VP to (VP get (NP any behind-schedule road and bridge construction) (PP-CLR under (NP way)) `` (SBAR-TMP before (S (NP-SBJ the clock) (VP ran (PRT out))))))))))) , '' (NP-SBJ-2 Mr. Christie) (VP said (SBAR 0 (S *T*-1)) , (S-ADV (NP-SBJ *-2) (VP referring (PP-CLR to (NP threatened (ADJP 5 %) across-the-board budget cuts))))) .)) (TOP (S (X a) - (NP-SBJ-1 Monthly construction contract values) (VP are (VP reported (NP *-1) (PP-MNR on (NP an annualized , (ADJP seasonally adjusted) basis)))) .)) (TOP (S (NP-SBJ (NP Moody 's) Investors Service Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP lowered (NP (NP ratings) (PP on (NP (NP long-term debt) (PP of (NP (NP CS First Boston Inc.) , (NP (NP the holding company) (PP of (NP Wall Street giant First Boston Corp.)))))))) , (PP-PRP because of (NP (NP (NP First Boston 's) `` aggressive merchant banking risk '') (PP-LOC in (NP (ADJP highly leveraged) takeovers)))))))) .)) (TOP (S (PP-LOC In (S-NOM (NP-SBJ *-1) (VP downgrading (NP (NP CS First Boston 's) subordinated domestic , Euromarket and Swiss debt) (PP-DIR to (NP single-A-3)) (PP-DIR from (NP single-A-2))))) , (NP-SBJ-1 Moody 's) (VP is (VP matching (NP (NP a move) (VP made (NP *) (PP by (NP-LGS (NP the other major credit rating concern) , (NP (NP Standard & Poor 's) Corp.))) , (ADVP-TMP (NP several months) ago))))) .)) (TOP (S (NP-SBJ Moody 's) (ADVP also) (VP confirmed (NP (NP the Prime-1 rating) , (NP its highest) , (PP on (NP (NP (NP CS First Boston 's) commercial paper) , or (NP short-term corporate IOUs))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Moody 's) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP downgraded (NP (NP Financiere Credit Suisse-First Boston 's) (ADJP senior and subordinated) Swiss debt) (PP-DIR to (NP single-A-2)) (PP-DIR from (NP single-A-1))) and (VP lowered (NP (NP (NP Financiere CSFB N.V. 's) junior subordinated perpetual Eurodebt) , (VP guaranteed (NP *) (PP by (NP-LGS Financiere Credit Suisse -- First Boston)))) , (PP-DIR to (NP single-A-3)) (PP-DIR from (NP single-A-2))))))) .)) (TOP (S (NP-SBJ-4 (NP (QP About $ 550 million) *U*) (PP of (NP long-term debt))) (VP is (VP affected (NP *-4) , (PP according (PP to (NP Moody 's))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP CS First Boston))) (VP said : `` (S (NP-SBJ We) (VP remain (ADJP-PRD committed (PP to (NP (NP a full range) (PP of (NP (NP businesses) , (PP including (NP merchant banking)))))))))) .)) (TOP (S (NP-SBJ We) (VP think (SBAR that (S (NP-SBJ the ratings revision) (VP is (ADJP-PRD unfortunate but not unexpected))))) .)) (TOP (S (NP-SBJ Our commitment (S (NP-SBJ *) (VP to (VP manage (NP these businesses) (ADVP-MNR profitably))))) (VP will (VP continue)) . '')) (TOP (S (NP-SBJ (NP First Boston 's) merchant banking risks) (VP mounted (NP-TMP last month) (SBAR-ADV as (S (S (NP-SBJ-4 (NP (ADJP highly leveraged) Campeau Corp.) , (NP (NP (NP First Boston 's) (ADJP most lucrative) client) (PP of (NP the decade))) ,) (VP was (VP hit (NP *-4) (PP by (NP-LGS a cash squeeze))))) and (S (NP-SBJ the high-risk junk bond market) (VP tumbled))))) .)) (TOP (S (NP-SBJ First Boston) (VP incurred (NP (NP millions) (PP of (NP (NP dollars) (PP of (NP losses))))) (PP-CLR (PP on (NP (NP Campeau securities) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP owned (NP *T*-1)))))) (CONJP as well as) (PP on (NP (NP special securities) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP could n't (VP sell (NP *T*-2))))))))) .)) (TOP (S (NP-SBJ (NP First Boston financings) (PP for (NP (NP several other (ADJP highly leveraged) clients) , (PP including (NP Ohio Mattress)) ,))) (VP unraveled (SBAR-ADV as (S (NP-SBJ the high-risk junk bond market) (VP plummeted)))) .)) (TOP (S (NP-SBJ Moody 's) (VP said (SBAR 0 (S (NP-SBJ its rating changes actions) `` (VP reflect (NP (NP (NP CS First Boston 's) aggressive merchant banking risk) (CONJP as well as) (NP (NP the risk profile) (PP of (NP its current merchant banking exposures)))))))) . '')) (TOP (S (NP-SBJ It) (VP said (SBAR (SBAR 0 (S (NP-SBJ CS First Boston) `` (VP has (ADVP consistently) (VP been (NP-PRD (NP one) (PP of (NP (NP the (ADJP most aggressive) firms) (PP-LOC in (NP merchant banking))))))) '')) and (SBAR that (S (NP-SBJ `` (NP a (ADJP very significant) portion) '' (PP of (NP (NP (NP the firm 's) profit) (PP-TMP in (NP recent years))))) (VP has (VP come (PP-DIR from (NP merchant banking-related business)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Moody 's) (VP believes (SBAR that (S (NP-SBJ (NP the uncertain environment) (PP for (NP merchant banking))) (VP could (VP put (NP pressure) (PP-PUT on (NP (NP CS First Boston 's) performance)))))))) , '' (NP-SBJ-2 the rating concern) (VP said (S *T*-1) , (S-ADV (NP-SBJ *-2) (VP citing (NP `` (NP continued problems) '' (PP from (NP (NP (NP the firm 's) exposures) (PP (PP to `` (NP various Campeau-related firms) '') and (PP to (NP Ohio Mattress))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP These two exposures) (ADVP alone)) (VP represent (NP (NP a (ADJP very substantial) portion) (PP of (NP (NP CS First Boston 's) equity))))) , '' (NP-SBJ Moody 's) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ Total merchant banking exposures) (VP are (PP-PRD in (NP (NP excess) (PP of (NP (NP the firm 's) equity))))) .)) (TOP (S (NP-SBJ-1 Quotron Systems Inc.) (VP plans (S (NP-SBJ *-1) (VP to (VP cut (NP (NP (NP (QP about 400)) (PRN , or (NP 16 %) ,)) (PP of (NP its 2,500 employees))) (PP-TMP over (NP the next several months)))))) .)) (TOP (SINV (S-TPC-2 `` (NP-SBJ-1 This action) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP keep (NP operating expenses) (PP-CLR in (NP (NP line) '' (PP with (NP revenue)))))))))) , (VP said (S *T*-2)) (NP-SBJ (NP J. David Hann) , (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP (ADJP Los Angeles-based) Quotron)))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The move) (PP by (NP (NP the financial information and services subsidiary) (PP of (NP Citicorp))))) (VP is (NP-PRD (NP a `` response) (PP to (NP (NP changing conditions) (PP-LOC in (NP (NP the retail securities industry) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (VP contracting '' (PP-TMP since (NP (NP October 1987 's) stock market crash)))))))))))))) , (NP-SBJ the executive) (VP added (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Quotron) , (SBAR (WHNP-1 which) (S (NP-SBJ Citicorp) (VP purchased (NP *T*-1) (PP-TMP in (NP 1986))))) ,) (VP provides (NP (NP price quotations) (PP for (NP (NP securities) , (ADVP particularly) (NP stocks))))) .)) (TOP (S (NP-SBJ Quotron) (ADVP also) (VP provides (NP (NP trading and other systems) , (NP (NP services) (PP for (NP brokerage firms))) , and (NP communications-network services))) .)) (TOP (S (NP-SBJ (NP Independent providers) (PP of (NP financial information)) , (PP including (NP Quotron)) ,) (VP have (VP been (PP-PRD under (NP some pressure)) (SBAR-ADV as (S (NP-SBJ-1 the major securities houses) (VP try (S (NP-SBJ *-1) (VP to (VP regain (NP (NP their hold) (PP (PP on (NP (NP the production) (PP of (NP market data)))) and (PP on (NP the related revenue)))))))))))) .)) (TOP (S (NP-SBJ (NP Shearson , Goldman , Sachs & Co.) , (NP Morgan Stanley & Co.) and (NP Salomon Inc.)) (VP are (VP discussing (NP (NP formation) (PP of (NP (NP a group) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP sell (NP securities-price data)))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP The job cuts) , (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP made (NP *-1) (PP-LOC in (NP (NP a number) (PP of (NP areas)))) (PP-LOC at (NP various job levels))))))) ,) (VP are `` (NP-PRD (NP a streamlining) (PP of (NP operations))))) , '' (NP-SBJ a spokeswoman) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S-1 (S (NP-SBJ The company) (VP has (NP no immediate plans (S (NP-SBJ *) (VP to (VP close (NP any operations))))))) (PRN , (S (NP-SBJ she) (VP said (SBAR 0 (S *T*-1)))) ,) but (S (NP-SBJ Quotron) (VP may (VP subcontract (NP (NP some work) (SBAR (WHNP-2 that) (S (NP-SBJ it) (VP has (VP been (VP doing (NP *T*-2) (ADVP-MNR in-house)))))) , (PP including (NP (NP refurbishment and production) (PP of (NP (NP Quotron 1000 equipment) (VP used (NP *) (PP-LOC-CLR in (S-NOM (NP-SBJ *) (VP delivering (NP financial data))))))))))))) .)) (TOP (S (NP-SBJ The spokeswoman) (VP said (SBAR 0 (S (NP-SBJ the move) (VP is n't (ADVP directly) (NP-PRD (NP a response) (PP to (NP (NP (NP Quotron 's) loss) (PP of (NP (NP its two biggest customers) , (NP (NP Merrill Lynch & Co.) and (NP (NP American Express Co. 's) Shearson Lehman Hutton Inc.)))) , (PP to (NP Automated Data Processing Inc.)) (NP-TMP earlier this year)))))))) .)) (TOP (S (NP-SBJ The spokeswoman) (VP noted (SBAR that (S (NP-TMP last week) , (NP-SBJ (NP Kidder , Peabody & Co.) , (NP (NP the securities subsidiary) (PP of (NP General Electric Co.))) ,) (VP chose (NP (NP a Quotron subsidiary) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP provide (NP order-processing services)))))))))) .)) (TOP (S And (NP-TMP Oct. 24) , (NP-SBJ Quotron) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP market (NP (NP the automated trading system) (PP of (NP broker-dealer Chapdelaine Government Securities Inc)))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ Quotron) (VP is n't (ADJP-PRD profitable) (PP-LOC on (NP (NP Citicorp 's) books)) (PP-PRP because of (NP (NP the interest charges) (SBAR (WHNP-1 0) (S (NP-SBJ-3 the New York bank holding company) (VP incurred (NP *T*-1) (PP-LOC-CLR in (S-NOM (NP-SBJ *-3) (VP buying (NP the financial-data concern) (PP-CLR for (NP (QP $ 680 million) *U*)))))))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Ronald I. Mandle) , (NP (NP analyst) (PP for (NP Sanford C. Bernstein & Co)))) .)) (TOP (S (S-TPC-1 But (NP-SBJ Citicorp) `` (VP does (VP view (NP-2 Quotron) -RRB- (PP-CLR as (S-NOM (NP-SBJ *-2) (VP being (ADJP-PRD crucial (PP to (NP the financial-services business))) (PP-TMP in (NP the 1990s)))))))) , '' (NP-SBJ the analyst) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-TMP This past summer) , (NP-SBJ Quotron) (VP sold (NP (NP its customer-service unit) , (VP employing (NP 600)) ,) (PP-DTV to (NP (NP Phoenix Technologies Inc.) , (NP (NP a (ADJP closely held) computer-service firm) (PP-LOC in (NP (NP Valley Forge) , (NP Pa))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ (NP (NP The Oakland Athletics ') four-game sweep) (PP over (NP the San Francisco Giants)) (PP-LOC in (NP the World Series))) (VP may (VP widen (NP (NP already-sizable losses) (SBAR (WHNP-1 that) (S (NP-SBJ the ABC network) (VP will (VP incur (NP *T*-1) (PP on (NP (NP the current , final year) (PP of (NP its baseball contract))))))))))) .)) (TOP (S (NP-SBJ-2 (NP The 1989 Series) , (VP (VP disrupted (NP *) (PP by (NP-LGS a devastating earthquake))) and (VP diminished (NP *) (PP-LOC in (NP national interest)) (SBAR-PRP because (S (NP-SBJ both teams) (VP came (PP-DIR from (NP the San Francisco Bay area))))))) ,) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP end (PRT up) (PP-CLR as (NP (NP the lowest-rated Series) (UCP (PP of (NP this decade)) and (ADVP probably) (SBAR-TMP since (S (NP-SBJ-1 the event) (VP has (VP been (VP broadcast (NP *-1)))))))))))))) .)) (TOP (S (NP-SBJ-1 The first three games) (VP were (VP seen (NP *-1) (PP by (NP-LGS (NP an average) (PP of (NP (NP (NP (QP only 17) %) (PP of (NP U.S. homes))) , (NP (NP a sharp decline) (PP from (NP (NP the (ADJP 23.7 %) rating) (PP for (NP (NP last year 's) Series))))))))))) .)) (TOP (S (NP-SBJ (NP A final ratings tally) (PP from (NP A.C. Nielsen Co.))) (VP is (ADJP-PRD due (NP-TMP today))) .)) (TOP (S (NP-SBJ (NP The sweep) (PP by (NP (NP the A's) , (SBAR (WHNP-1 whose pitchers and home-run hitters) (S (NP-SBJ *T*-1) (VP dominated (NP the injury-prone Giants)))) ,))) (VP will (VP (ADVP only) make (S (NP-SBJ things) (ADJP-PRD worse (PP for (NP (NP ABC) , (VP owned (NP *) (PP by (NP-LGS Capital Cities/ABC Inc))))))))) .)) (TOP (S (NP-SBJ-1 The network) (VP had (VP been (VP expected (S (NP-SBJ *-1) (VP to (VP have (NP (NP losses) (PP of (NP (QP as much as $ 20 million) *U*)) (PP on (NP baseball))) (NP-TMP this year))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP is n't (ADJP-PRD clear) (SBAR-2 (WHADVP-1 how much) (S (NP-SBJ those losses) (VP may (VP widen (ADVP *T*-1) (PP-PRP because of (NP the short Series))))))) .)) (TOP (S (SBAR-ADV (SINV Had (NP-SBJ the contest) (VP gone (NP a full seven games)))) , (NP-SBJ ABC) (VP could (VP have (VP reaped (NP (NP an extra (QP $ 10 million) *U*) (PP in (NP ad sales))) (PP-CLR on (NP (NP the seventh game) (ADVP alone))) , (PP compared (PP with (NP (NP the ad take) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP would (VP have (VP received (NP *T*-1) (PP-CLR for (NP regular prime-time shows))))))))))))) .)) (TOP (S (NP-SBJ ABC) (VP had (VP based (NP (NP its budget) (PP for (NP baseball))) (PP-CLR on (NP a six-game Series)))) .)) (TOP (S (S (NP-SBJ A network spokesman) (VP would n't (VP comment))) , and (S (NP-SBJ-2 ABC Sports officials) (VP declined (S (NP-SBJ-1 *-2) (VP to (VP be (VP interviewed (NP *-1))))))) .)) (TOP (S But (NP-SBJ some industry executives) (VP said (SBAR 0 (S (NP-SBJ-2 ABC) , (PP in (NP (NP anticipation) (PP of (NP a four-game sweep)))) , (VP limited (NP its losses) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP jacking (PRT up) (NP (NP the number) (PP of (NP commercials)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP aired (NP *T*-1) (PP-LOC in (NP the (ADJP third and fourth) games))))))))))))) .)) (TOP (S (S (NP-SBJ A World Series telecast) (ADVP typically) (VP carries (NP 56 30-second commercials))) , but (S (PP-TMP by (NP the fourth game)) (NP-SBJ-1 ABC) (VP was (VP cramming (PRT in) (NP (QP 60 to 62) ads) (S-PRP (NP-SBJ *-1) (VP to (VP generate (NP extra revenue))))))) .)) (TOP (S (NP-SBJ (NP ABC 's) baseball experience) (VP may (VP be (PP-PRD of (NP (NP interest) (PP to (NP (NP CBS Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (NP-TMP next season) (VP takes (PRT over) (NP (NP the broadcasting) (PP of (NP all baseball playoffs))) (PP-LOC in (NP (NP a four-year television contract) (VP priced (NP *) (PP-CLR at (NP (QP $ 1.06 billion) *U*)))))))))))))) .)) (TOP (S (NP-SBJ CBS Sports President Neal Pilson) (VP has (VP conceded (ADVP only) (SBAR that (S (NP-SBJ CBS) (VP will (VP have (NP a loss) (PP-TMP in (NP the first year)))))))) .)) (TOP (S But (NP-SBJ other industry executives) (VP contend (SBAR 0 (S (NP-SBJ the losses) (VP (VP could (VP reach (NP (NP (QP $ 250 million) *U*) (PP over (NP four years))))) and (VP could (VP go (ADVP-DIR even higher) (SBAR-ADV if (S (NP-SBJ the World Series) (VP end (PP-MNR in (NP four-game romps))))))))))) .)) (TOP (S (NP-SBJ The Series) (ADVP typically) (VP is (PP-PRD among (NP (NP the highest-rated sports events) (PP on (NP television))))) .)) (TOP (S (S (NP-SBJ (NP (NP Last year 's) series) , (VP broadcast (NP *) (PP by (NP-LGS (NP General Electric Co. 's) NBC))) ,) (VP was (NP-PRD (NP the lowest-rated Series) (PP-TMP in (NP four years))))) ; (S (PP instead of (S-NOM (NP-SBJ *) (VP featuring (NP (NP a major East Coast team) (PP against (NP a West Coast team)))))) , (NP-SBJ it) (VP pitted (NP the Los Angeles Dodgers) (PP-CLR against (NP the losing Oakland A's)))) .)) (TOP (S (NP-SBJ (NP ABC 's) hurdle) (VP was (ADJP-PRD even higher) (NP-TMP this year) (PP with (NP (NP two teams) (PP from (NP the same area))))) .)) (TOP (S (S (NP-SBJ The Series) (VP got (PP-CLR off (PP to (NP a lukewarm start))) (NP-TMP Oct. 14) (PP with (NP a (ADJP 16.2 %) rating)))) ; (S (NP-TMP the next night) (NP-SBJ it) (VP drew (NP (NP 17.4 %) (PP of (NP homes))))) .)) (TOP (SINV (ADVP-TMP Then) (VP came) (NP-SBJ (NP the earthquake) and (NP (NP a damaging delay) (PP of (NP 11 days)))) .)) (TOP (S (NP-SBJ Some people) (VP had (VP hoped (SBAR 0 (S (NP-SBJ (NP ABC 's) ratings) (VP would (VP go (ADVP-DIR up) (PP-PRP because of (NP (NP the intense focus) (PP on (NP the event)) (PP-LOC in (NP (NP the aftermath) (PP of (NP the earthquake)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP An analyst 's) opinion) (PP to (NP that effect))) (ADVP even) (VP sent (S (NP-SBJ Capital Cities/ABC shares) (VP soaring)) (ADVP-TMP (NP two weeks) ago)) .)) (TOP (S But (NP-SBJ interest) (ADVP instead) (VP decreased) .)) (TOP (S (NP-SBJ (NP The third game) , (NP-TMP last Friday night) ,) (VP drew (NP a disappointing 17.5 rating)) .)) (TOP (S (NP-SBJ Bargain hunters) (VP helped (S (NP-SBJ stock prices) (VP break (NP a weeklong losing streak))) (SBAR-ADV while (S (NP-SBJ (NP bond prices) and (NP the dollar)) (VP inched (ADVP-DIR higher))))) .)) (TOP (S (NP-SBJ-1 The Dow Jones Industrial Average) (VP gained (NP 6.76 points) (PP-DIR to (NP 2603.48)) (PP-LOC in (NP light trading)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP losing (NP (QP more than 92) points) (NP-TMP last week))))) .)) (TOP (S (NP-SBJ-1 Bond prices) (VP continued (S (NP-SBJ *-1) (VP to (VP edge (ADVP-DIR higher)))) (PP-LOC in (NP (NP anticipation) (PP of (NP (NP more news) (VP showing (NP a slower economy))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the dollar) (VP rose (ADVP slightly) (PP-CLR against (NP most major currencies))))) , (NP-SBJ (NP the focus) (PP-LOC in (NP currency markets))) (VP was (PP-PRD on (NP (NP the beleaguered British pound) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP gained (ADVP slightly) (PP-CLR against (NP the dollar)))))))) .)) (TOP (S (NP-SBJ (NP Trading volume) (PP-LOC on (NP the New York Stock Exchange))) (VP dwindled (PP-DIR to (NP (QP only 126.6 million) shares)) (NP-TMP yesterday) (SBAR-ADV as (S (NP-SBJ-1 major brokerage firms) (VP continued (S (NP-SBJ *-1) (VP to (VP throw (PRT in) (NP the towel) (PP-CLR on (NP program trading))))))))) .)) (TOP (S (S (NP-SBJ Kidder Peabody) (VP became (NP (NP the (ADJP most recent) firm) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP swear (PRT off) (NP (NP stock-index arbitrage trading) (PP for (NP its own account)))))))))) , and (S (NP-SBJ Merrill Lynch) (NP-TMP late yesterday) (VP took (NP (NP the major step) (PP of (S-NOM (NP-SBJ *) (VP renouncing (NP the trading strategy) (PP even for (NP its clients)))))))) .)) (TOP (S Yet (NP-SBJ that) (VP did n't (VP eliminate (NP program trading) (PP-CLR from (NP the market)))) .)) (TOP (S (NP-SBJ The Dow industrials) (VP shot (ADVP-DIR up) (NP 23 points) (PP-TMP in (NP the opening hour)) , (PP-PRP (PP (ADVP at least) in (NP part)) because of (NP (NP buy programs) (VP generated (NP *) (PP by (NP-HLN (NP stock-index arbitrage) , (NP (NP a form) (PP of (NP program trading)) (PP involving (NP futures contracts))))))))) .)) (TOP (S But (NP-SBJ interest) (VP waned (SBAR-ADV as (S (S (NP-SBJ the day) (VP wore (PRT on))) and (S (NP-SBJ investors) (VP looked (ADVP-CLR ahead) (PP-CLR to (NP (NP the release) (NP-TMP later this week) (PP of (NP two important economic reports))))))))) .)) (TOP (S (NP-SBJ The first) (VP is (NP-PRD (NP (NP Wednesday 's) survey) (PP of (NP purchasing managers)) , (VP considered (NP (NP a good indicator) (PP of (SBAR (WHADVP-1 how) (S (NP-SBJ (NP the nation 's) manufacturing sector) (VP fared (PP-TMP in (NP October)) (ADVP-MNR *T*-1))))))))) .)) (TOP (S (NP-SBJ The other) (VP is (NP-PRD (NP (NP (NP Friday 's) measure) (PP of (NP October employment))) , (NP (NP an indicator) (PP of (NP (NP the broader economy 's) health))))) .)) (TOP (S (NP-SBJ-2 Both) (VP are (VP expected (S (NP-SBJ *-2) (VP to (VP show (NP (NP continued sluggishness) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP be (ADJP-PRD (ADJP good (PP for (NP bonds))) and (ADJP bad (PP for (NP stocks)))))))))))))) .)) (TOP (S (PP-LOC In (NP major market activity)) : (NP-SBJ Stock prices) (VP rose (PP-LOC in (NP light trading))) .)) (TOP (S But (S (NP-SBJ (NP declining issues) (PP-LOC on (NP the New York Stock Exchange))) (VP outnumbered (NP gainers) (NP-ADV (NP 774) (PP to (NP 684))))) , and (S (NP-SBJ broader market indexes) (VP were (ADJP-PRD virtually unchanged))) .)) (TOP (S (NP-SBJ Bond prices) (VP crept (ADVP-DIR higher)) .)) (TOP (S (NP-SBJ (NP The Treasury 's) benchmark 30-year bond) (VP gained (NP (NP (NP (QP about an eighth)) (PP of (NP a point))) , or (NP (NP (QP about $ 1.25) *U*) (PP for (NP each (ADJP (QP $ 1,000) *U*) face amount ))))) .)) (TOP (S (NP-SBJ (NP The yield) (PP on (NP the issue))) (VP slipped (PP-DIR to (NP 7.92 %))) .)) (TOP (S (NP-SBJ The dollar) (VP gained) .)) (TOP (S (PP-LOC In (NP late New York trading)) (NP-SBJ-1 the dollar) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP 1.8340 marks) and (NP 141.90 yen))) , (PP compared (PP with (NP (NP (NP 1.8300 marks) and (NP 141.65 yen)) (NP-TMP Friday)))))) .)) (TOP (S (NP-SBJ-1 The British pound) , (S-ADV (NP-SBJ *-1) (VP pressured (NP *) (PP by (NP-LGS (NP (NP last week 's) resignations) (PP of (NP key Thatcher administration officials)))))) , (ADVP nevertheless) (VP rose (NP-TMP Monday) (PP-DIR to (NP $ 1.5820 *U*)) (PP-DIR from (NP (NP Friday 's) $ 1.5795 *U*))) .)) (TOP (SBARQ (SBAR-ADV If (S (NP-SBJ Japanese companies) (VP are (ADJP-PRD so efficient)))) , (WHADVP-2 why) (SQ does (NP-SBJ-3 Kawasaki-Rikuso Transportation Co.) (ADVP-TMP sometimes) (VP need (NP a week) (S-PRP-CLR (ADVP just) (NP-SBJ *-3) (VP to (VP tell (NP its clients) (SBAR (WHADVP-1 how soon) (S (NP-SBJ it) (VP can (VP ship (NP goods) (PP-DIR from (ADVP here)) (PP-DIR to (NP Osaka)) (ADVP-TMP *T*-1)))))))) (ADVP-PRP *T*-2))) ?)) (TOP (SBARQ (WHADVP-1 Why) (PRN , (PP-TMP until (NP last spring)) ,) (SQ did (NP-SBJ-2 (NP the Long-Term Credit Bank) (PP of (NP Japan))) (ADVP-TMP sometimes) (VP take (NP several days) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP correct (NP (NP typographical errors) (PP in (NP (NP its paper work) (PP for (NP international transactions)))))))) (ADVP-PRP *T*-1))) ?)) (TOP (S (SBAR-PRP Because (S (NP-SBJ the companies) (VP have (VP lacked (NP (NP office computers) (VP considered (S (NP-SBJ *) (NP-PRD standard equipment)) (PP-LOC in (NP (NP the U.S.) and (NP Western Europe))))))))) , (NP-SBJ (NP (NP Japanese corporations ') reputation) (PP as (NP hi-tech powerhouses))) (VP is (ADVP only) (ADJP-PRD half right)) .)) (TOP (S (S (NP-SBJ Their factories) (VP may (VP look (PP-CLR like (NP (NP sets) (PP for (NP a Spielberg movie))))))) , but (S (NP-SBJ (NP their offices) , (PP with (NP (NP rows) (PP of (NP (NP clerks) (VP hunched (NP *) (PP-LOC over (NP ledgers and abacuses))))))) ,) (VP are (PP-PRD more like (NP (NP scenes) (PP from (NP a Dickens novel)))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ the personal-computer revolution) (VP is (ADVP-TMP finally) (VP reaching (NP Japan))) .)) (TOP (S (NP-SBJ-1 (NP Kawasaki-Rikuso) , (NP a freight company) ,) (VP (VP set (PRT up) (NP its own software subsidiary) (NP-TMP this year)) and (VP is (VP spending (NP nearly (NP a year 's) profit) (S-PRP (NP-SBJ *-1) (VP to (VP (ADVP more than) double (NP the computer terminals) (PP-LOC at (NP its main office)))))))) .)) (TOP (S (PP-TMP In (NP April)) , (NP-SBJ the Long-Term Credit Bank) (VP linked (NP (NP its computers) (PP-LOC in (NP Tokyo))) (PP-CLR with (NP its three American offices))) .)) (TOP (S (ADVP Overall) , (NP-SBJ (NP PC sales) (PP-LOC in (NP Japan)) (PP-TMP in (NP (NP the first half) (PP of (NP 1989))))) (VP were (ADJP-PRD (ADJP (NP 34 %) higher) (PP than (PP-TMP in (NP the year-earlier period))))) .)) (TOP (S (NP-SBJ (NP Combined (UCP PC and work-station) use) (PP-LOC in (NP Japan))) (VP will (VP jump (NP-EXT (NP (QP as much as 25) %) (ADVP annually)) (PP-TMP over (NP the next five years)) , (PP according (PP to (NP some analysts))) , (PP compared (PP with (NP (NP (QP about 10) %) (PP-LOC in (NP the U.S))))))) .)) (TOP (S And (PP with (NP (NP a labor shortage) and (NP intense competitive pressure (S (NP-SBJ *) (VP to (VP improve (NP efficiency))))))) , (NP-SBJ (ADJP more and more) Japanese companies) (VP are (VP concluding (SBAR that (S (NP-SBJ they) (VP have (NP no choice)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP have (NP (ADJP too many) people) (PP-LOC in (NP our home offices)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Yoshio Hatakeyama) , (NP (NP the president) (PP of (NP the Japan Management Association)))) .)) (TOP (S `` (NP-SBJ (NP Productivity) (PP-LOC in (NP Japanese offices))) (VP is (ADJP-PRD relatively low)) . '')) (TOP (S (PP With (S-NOM (NP-SBJ (NP Japanese companies) (PP-LOC in (NP (NP a wide range) (PP of (NP industries)) (PRN -- (PP (PP from (NP heavy industry)) (PP to (NP securities firms))) --)))) (VP increasing (NP their market share world-wide)))) , (NP-SBJ (NP the prospect) (PP of (NP an (ADJP (ADVP even more) efficient) Japanese economic army))) (VP may (VP rattle (NP foreigners))) .)) (TOP (S (S But (NP-SBJ it) (ADVP also) (VP offers (NP opportunities))) ; (S (NP-SBJ-1 Americans) (VP are (ADJP-PRD well poised (S (NP-SBJ *-1) (VP to (VP supply (NP the weapons))))))) .)) (TOP (S (S (NP-SBJ Japan) (VP may (VP be (NP-PRD (NP a tough market) (SBAR (WHNP-1 0) for (S (NP-SBJ outsiders) (VP to (VP penetrate (NP *T*-1))))))))) , and (S (NP-SBJ the U.S.) (VP is (ADVP hopelessly) (PP-LOC-PRD behind (NP Japan)) (PP-LOC in (NP certain technologies)))) .)) (TOP (S But (PP-TMP for (ADVP now)) , (ADVP at least) , (NP-SBJ Americans) (VP are (ADJP-PRD far better (PP at (S-NOM (NP-SBJ *) (VP making (NP (NP PCs) and (NP (NP the software) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP runs (NP them))))))))))) .)) (TOP (S (PP-TMP After (NP (NP years) (PP of (S-NOM (NP-SBJ *) (VP talking (PP-CLR about (S-NOM (NP-SBJ *) (VP selling (PP-LOC in (NP Japan)))))))))) , (NP-SBJ (ADJP more and more) U.S. companies) (VP are (VP (ADVP seriously) pouring (PRT in))) .)) (TOP (S (NP-SBJ Apple Computer Inc.) (VP has (VP doubled (NP (NP its staff) (ADVP-LOC here)) (PP-TMP over (NP the past year)))) .)) (TOP (S (NP-SBJ Lotus Development Corp.) (VP has (VP slashed (NP (NP the lag) (PP between (NP U.S. and Japan product introductions))) (PP-CLR to (NP six months)) (PP-CLR from (NP three years)))) .)) (TOP (S (NP-SBJ Ungermann-Bass Inc.) (VP has (NP (NP a bigger share) (PP of (NP (NP the computer-network market) (PP-LOC in (NP Japan)))) (PP than (PP-LOC at (NP home))))) .)) (TOP (S But (NP-SBJ-1 the Japanese) (VP have (S (NP-SBJ-2 *-1) (VP to (VP go (NP a long way) (S-PRP (NP-SBJ *-2) (VP to (VP catch (PRT up)))))))) .)) (TOP (SINV (ADJP-TPC-1 Typical) (VP is (ADJP-PRD *T*-1)) (NP-SBJ (NP one office) (PP of (NP (NP (NP (NP the Ministry) (PP of (NP International Trade and Industry)) 's) Machinery and Information Industries Bureau) -- (NP (NP the main bureaucracy) (VP overseeing (NP the computer industry)))))) .)) (TOP (S (S (NP-SBJ `` Personal Computer '' yearbooks) (VP are (VP lined (PRT up) (PP-LOC on (NP nearly every desk))))) , and (S (NP-SBJ (NP dog-eared copies) (PP of (NP Nikkei Computer))) (VP crowd (NP magazine racks))) .)) (TOP (SINV But (PP-LOC-CLR-TPC-1 amid (NP the (QP two dozen) bureaucrats and secretaries)) (VP sits (PP-LOC-CLR *T*-1)) (NP-SBJ (QP only one) real-life PC) .)) (TOP (S (SBAR-ADV While (S (S (NP-SBJ-1 American PC sales) (VP have (VP averaged (NP-2 (ADJP (QP roughly 25) %) annual growth) (PP-TMP since (NP 1984))))) and (S (NP-SBJ=1 (ADJP West European) sales) (NP=2 a whopping 40 %)))) , (NP-SBJ Japanese sales) (VP were (ADJP-PRD flat) (PP-TMP for (NP (NP most) (PP of (NP that time))))) .)) (TOP (S (NP-SBJ Japanese office workers) (VP use (NP PCs) (PP at (NP (NP (NP half the rate) (PP of (NP their European counterparts))) and (NP (NP one-third that) (PP of (NP the Americans)))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ-1 Japanese offices) (VP tend (S (NP-SBJ *-1) (VP to (VP use (NP computers) (ADVP-MNR (ADVP less efficiently) (SBAR than (S (NP-SBJ American offices) (VP do (VP *?*))))))))) .)) (TOP (S (PP-LOC In (NP the U.S.)) , (NP-SBJ PCs) (VP (ADVP commonly) (VP perform (NP many tasks)) and (VP plug (PP-CLR into (NP a broad network)))) .)) (TOP (S (PP-LOC In (NP Japan)) , (NP-SBJ many desktop terminals) (VP (VP are (ADJP-PRD limited (PP to (NP one function)))) and (VP ca n't (VP communicate (PP-CLR with (NP other machines))))) .)) (TOP (S (NP-SBJ (NP The market planning and sales promotion office) (PP of (NP Nomura Securities Co.))) , (PP for (NP example)) , (VP has (NP (NP (NP (QP more than 30) computers) (PP for (NP its 60 workers))) , (NP a respectable ratio))) .)) (TOP (S (S But (NP-SBJ the machines) (VP are n't (PP-LOC-PRD on (NP (NP employees ') desks)))) ; (S (NP-SBJ they) (VP ring (NP (NP the perimeter) (PP of (NP the large office))))) .)) (TOP (S (NP-SBJ Some machines) (VP make (NP (NP charts) (PP for (NP presentations)))) .)) (TOP (S (NP-SBJ Others) (VP analyze (NP the data)) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP transfer (NP information) (PP-DIR from (NP one)) (PP-DIR to (NP the other))))) , (NP-SBJ-1 employees) (VP (VP make (NP printouts)) and (VP enter (NP the data) (ADVP-MNR manually))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP transmit (NP charts) (PP-DIR to (NP branch offices))))) , (NP-SBJ-1 they) (VP use (NP a fax machine)) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP a woman) (VP sitting (ADVP-LOC next (PP to (NP a new Fujitsu terminal))))) (VP (VP writes (NP stock-market information) (PP-LOC on (NP a chart)) (PP-MNR with (NP a pencil))) and (VP adds (NP it) (PRT up) (PP-MNR with (NP a hand calculator)))) .)) (TOP (S (PP-LOC In (NP an efficient setup)) , (NP-SBJ the same PC) (VP could (VP perform (NP all those tasks))) .)) (TOP (S (PP-LOC In (NP the U.S.)) , (NP-SBJ (NP (QP more than half) the PC software) (VP sold (NP *))) (VP is (PP-PRD either (PP for (NP spreadsheets)) or (PP for (NP database analysis))) , (PP according (PP to (NP Lotus)))) .)) (TOP (S (PP-LOC In (NP Japan)) , (NP-SBJ those functions) (VP account (PP-CLR for (NP (NP (QP only about a third)) (PP of (NP the software market))))) .)) (TOP (S (NP-SBJ (NP Machines) (VP dedicated (NP *) (ADVP solely) (PP-CLR to (NP word processing))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (VP (ADVP all but) disappeared (PP-LOC in (NP the U.S.)))))) ,) (VP are (ADVP still) (ADJP-PRD (ADJP more common) (PP *ICH*-2)) (PP-LOC in (NP Japan)) (PP-2 than (NP PCs))) .)) (TOP (S (PP-LOC In (NP the U.S.)) , (NP-SBJ (NP one-fifth) (PP of (NP the office PCs))) (VP are (VP hooked (PRT up) (PP-CLR to (NP (NP some sort) (PP of (NP network)))))) .)) (TOP (S (PP-LOC In (NP Japan)) , (NP-SBJ-1 (QP about 1) %) (VP are (VP linked (NP *-1))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-3 (NP Computers) (ADVP-LOC here)) (VP are (VP used (NP *-3) (PP-CLR for (NP data gathering))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Roger J. Boisvert) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP manages (NP the integrated-technologies group) (PP-LOC in (NP (NP McKinsey & Co. 's) Tokyo office)))))) .)) (TOP (S-1 (S (NP-SBJ (NP Some Japanese operations) , (PP such as (NP securities-trading rooms)) ,) (VP may (VP be (ADVP-PRD ahead (PP of (NP their American counterparts)))))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) but `` (S (ADVP basically) , (NP-SBJ there) (VP 's (NP-PRD (NP little analysis) (VP done (NP *) (PP on (NP computers)) (PP-LOC in (NP Japan)))))) . '')) (TOP (S (PP Of (NP course)) , (S (S-NOM-SBJ (NP-SBJ *) (VP (ADVP simply) buying (NP computers))) (VP does n't (ADVP-TMP always) (VP solve (NP problems)))) , and (S (NP-SBJ-2 many American companies) (VP have (VP erred (PP-MNR by (S-NOM (NP-SBJ *-2) (VP purchasing (NP (NP technology) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP did n't (VP understand (NP *T*-1)))))))))))) .)) (TOP (S But (NP-SBJ healthy skepticism) (VP is (ADVP only) (NP-PRD (NP a small reason) (PP for (NP (NP Japan 's) PC lag)))) .)) (TOP (S (NP-SBJ Various (ADJP cultural and economic) forces) (VP have (VP suppressed (NP demand))) .)) (TOP (S (S (SBAR-PRP Because (S (NP-SBJ the Japanese `` alphabet '') (VP is (ADJP-PRD so huge)))) , (NP-SBJ Japan) (VP has (NP (NP no history) (PP of (NP typewriter use))))) , and (ADVP so) (S (NP-SBJ `` (NP keyboard allergy) , '' (PP (ADVP especially) among (NP older workers)) ,) (VP remains (NP-PRD a common affliction))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP have (NP (NP no experience) (ADVP-TMP before) (PP with (NP such sophisticated machinery))))) , '' (VP says (S *T*-1)) (NP-SBJ-2 (NP Matsuo Toshimitsu) , (NP (NP a 66-year-old executive vice president) (PP of (NP Japan Air Lines)))) , (S-ADV (NP-SBJ *-2) (VP explaining (NP (NP his reluctance) (PP-TMP before (S-NOM (NP-SBJ *) (VP accepting (NP (NP a terminal) (PP-LOC in (NP his office))) (NP-TMP this summer))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ most American employees) (VP have (NP their own private space)))) , (NP-SBJ Japanese `` salarymen '') (ADVP-TMP usually) (VP (VP share (NP large , common tables)) and (VP rely (ADVP heavily) (PP-TMP-CLR on (NP old-fashioned personal contact)))) .)) (TOP (S (NP-SBJ Top Japanese executives) (ADVP-TMP often) (VP make (NP (NP decisions) (VP based (NP *) (PP-CLR on (NP (NP (NP consensus) and (NP personal relationships)) (PP rather than (NP (NP complex financial projections) and (NP fancy presentations)))))))) .)) (TOP (S And (NP-SBJ (NP Japan 's) management system) (VP makes (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP impose (NP a single , integrated computer system) (ADVP-LOC corporatewide)))))) .)) (TOP (S (ADVP Besides) , (NP-SBJ (NP a computer) (VP processing (NP the Japanese language))) (VP needs (NP (NP a huge memory) and (NP much processing capability)) , (SBAR-ADV while (S (NP-SBJ-1 the screen and printer) (VP need (NP (ADJP far better) definition) (S-PRP (NP-SBJ *-1) (VP to (VP depict (ADVP-MNR accurately) (NP the intricate symbols)))))))) .)) (TOP (S (PP-TMP Until (ADVP recently)) , (NP-SBJ (NP much) (PP of (NP the necessary technology))) (VP has (VP been (ADJP-PRD (ADJP unavailable) or (ADVP at least) (ADJP unaffordable)))) .)) (TOP (S (NP-SBJ Some analysts) (VP estimate (SBAR 0 (S (NP-SBJ the average PC) (VP costs (ADJP (ADJP (NP-ADV (QP about 50) %) more) (PP *ICH*-2)) (PP-LOC in (NP Japan)) (PP-2 than (NP the U.S)))))) .)) (TOP (S But (NP-SBJ the complex language) (VP is n't (NP-PRD the only reason)) .)) (TOP (S (PP-TMP For (NP the past decade)) , (NP-SBJ NEC Corp.) (VP has (VP (VP owned (NP (QP more than half) the Japanese PC market)) and (VP ruled (NP it) (PP-MNR with (NP near-monopoly power))))) .)) (TOP (S (PP With (NP little competition)) , (NP-SBJ (NP the computer industry) (ADVP-LOC here)) (VP is (ADJP-PRD inefficient)) .)) (TOP (S (NP-SBJ-1 The U.S. market) , (ADVP too) , (VP is (VP dominated (NP *-1) (PP by (NP-LGS (NP a giant) , (NP International Business Machines Corp))))) .)) (TOP (S But (ADVP-TMP early on) , (NP-SBJ IBM) (VP offered (NP its basic design) (PP-DTV to (NP (NP anybody) (VP wanting (S (NP-SBJ *) (VP to (VP copy (NP it)))))))) .)) (TOP (S (NP-SBJ-1 (NP Dozens) (PP of (NP small companies))) (VP did , (S-ADV (NP-SBJ *-1) (ADVP-MNR swiftly) (VP establishing (NP a standard operating system)))) .)) (TOP (S (NP-SBJ That) (VP (VP spurs (NP competition and growth)) , (VP allows (S (NP-SBJ users) (VP to (VP change and mix (NP brands) (ADVP-MNR easily))))) , and (VP increases (NP (NP software firms ') incentive (S (NP-SBJ *) (VP to (VP write (NP packages))))) (SBAR-PRP because (S (NP-SBJ-1 they) (VP can (VP be (VP sold (NP *-1) (PP-DTV to (NP (NP users) (PP of (NP virtually any computer))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ a record industry) (VP lacked (NP a common standard)))) , (NP-SBJ Sony CD owners) (VP could (VP listen (PP-CLR to (NP (NP (NP a Sony version) (PP of (NP (NP Madonna 's) `` (PP-TTL Like (NP a Prayer)) ''))) but not (NP (NP one) (VP made (NP *) (PP-CLR for (NP a Panasonic player)))))))) .)) (TOP (S (NP-SBJ That) (VP is (NP-PRD (NP the state) (PP of (NP (NP Japan 's) computer industry)))) .)) (TOP (S (S (NP-SBJ NEC) (VP wo n't (VP release (NP its code)))) , and (S (NP-SBJ (NP every one) (PP of (NP the (QP dozen or so) makers))) (VP has (NP its own proprietary operating system) (PRN -- (S-ADV (NP-SBJ all) (ADJP-PRD incompatible (PP with (NP each other))))))) .)) (TOP (S (S (NP-SBJ-4 IBM) (VP established (NP its standard) (S-PRP (NP-SBJ-1 *-4) (VP to (VP try (S (NP-SBJ-3 *-1) (VP to (VP stop (S (NP-SBJ *-3) (VP falling (PP-LOC behind (NP upstart Apple Computer)))))))))))) , but (S (NP-SBJ-2 NEC) (VP (VP was (ADVP-PRD ahead) (PP-TMP from (NP the start))) and (VP did n't (VP need (S (NP-SBJ *-2) (VP to (VP invite (PRT in) (NP competitive allies)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 the big players) (VP have n't (VP tried (S (NP-SBJ *-1) (VP to (VP copy (NP the NEC standard)))))) .)) (TOP (S (NP-SBJ-1 (NP Corporate pride) (CONJP as well as) (NP (NP the close ties) (ADJP common (PP among (NP Japanese manufacturers))))) (VP help (S (NP-SBJ *-1) (VP explain (FRAG (WHADVP why))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Most rivals) `` (VP have (NP (NP a working relationship) (PP with (NP NEC))) (PRN , (ADVP-TMP often) (PP-MNR through (NP (NP cross-licensing) (PP of (NP technology)))))) , '') (NP-SBJ the Japan Personal Computer Software Association) (VP noted (SBAR 0 (S *T*-1)) (ADVP-TMP recently)) .)) (TOP (S `` (S (NP-SBJ-1 They) (VP hesitate (S (NP-SBJ *-1) (VP to (VP market (NP NEC-compatible machines)))))) ; (S (S (NP-SBJ NEC) (VP disapproves (PP-CLR of (NP such machines)))) , and (S (S-NOM-SBJ (NP-SBJ *) (VP marketing (NP one))) (VP would (VP jeopardize (NP their relationship))))) . '')) (TOP (S (NP-SBJ The result) , (PP according (PP to (NP many analysts))) , (VP is (NP-PRD (NP higher prices) and (NP less innovation))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP tens) (PP of (NP (NP thousands) (PP of (NP (NP software packages) (VP using (NP the IBM standard))))))) (VP are (ADJP-PRD available) (PP-LOC in (NP the U.S.))))) , (NP-SBJ-1 they) (VP say (SBAR 0 (S (NP-SBJ (QP only about 8,000)) (VP are (VP written (NP *-1) (PP for (NP NEC))))))) .)) (TOP (S (ADVP-TMP (NP A year) ago) , (NP-SBJ (NP Japan 's) Fair Trade Commission) (VP warned (NP NEC) (PP-CLR about (NP (NP possible violations) (PP of (NP anti-monopoly laws)))) (PP-CLR for (S-NOM (NP-SBJ *) (VP discouraging (NP-1 retailers) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP discounting))))))) .)) (TOP (SINV (S-TPC-1 (PP-LOC In (NP Japan)) , `` (NP-SBJ software) (VP is (PP-PRD (NP-ADV (QP four to five) years) behind (NP the U.S.)) (SBAR-PRP because (S (NP-SBJ hardware) (VP is (ADVP-PRD (NP (QP four to five) years) behind) , (SBAR-PRP because (S (NP-SBJ NEC) (VP is (VP enjoying (NP a monopoly))))))))) , '') (VP complains (SBAR 0 (S *T*-1))) (NP-SBJ (NP Kazuhiko Nishi) , (NP (NP the president) (PP of (NP (NP Ascii Corp.) , (NP (NP one) (PP of (NP (NP Japan 's) leading PC-magazine publishing and software companies))))))) .)) (TOP (S `` (NP-SBJ There) (VP are (NP-PRD (NP no price wars) , (NP no competition))) . '')) (TOP (S (NP-SBJ An NEC spokeswoman) (VP responds (SBAR that (S (NP-SBJ prices) (VP are (ADJP-PRD higher) (PP-LOC in (NP Japan)) (SBAR-PRP because (S (NP-SBJ customers) (VP put (NP (NP a greater emphasis) (SBAR-ADV *ICH*-1)) (PP-PUT on (NP quality and service)) (SBAR-1 than (S (NP-SBJ they) (VP do (VP *?* (PP-LOC in (NP the U.S))))))))))))) .)) (TOP (S (NP-SBJ She) (VP adds (SBAR that (S (NP-SBJ some technological advances) (VP trail (NP (NP those) (PP-LOC in (NP the U.S.))) (SBAR-PRP because (S (NP-SBJ the Japanese) (VP (ADVP still) import (NP basic operating systems) (PP-DIR from (NP American companies))))))))) .)) (TOP (S But (NP-SBJ the market) (VP is (VP changing)) .)) (TOP (S (NP-SBJ The government) (VP is (VP funding (NP several projects) (S-PRP (NP-SBJ *) (VP to (VP push (NP PC use)))))) .)) (TOP (S (PP-TMP Over (NP the next three years)) , (NP-SBJ public schools) (VP will (VP get (NP (NP (QP 1.5 million) PCs) , (NP (NP a 15-fold increase) (PP from (NP current levels)))))) .)) (TOP (S (PP-LOC In (NP the private sector)) , (NP-SBJ practically every major company) (VP is (VP setting (NP explicit goals (S (NP-SBJ *) (VP to (VP increase (NP (NP (NP employees ') exposure) (PP to (NP computers))))))))) .)) (TOP (S (S (NP-SBJ (NP (NP Toyota Motor Corp. 's) sales offices) (PP-LOC in (NP Japan))) (VP have (NP (NP one-tenth the computers) (PP per (NP employee)) (SBAR (WHNP-1 that) (S (NP-SBJ its own U.S. offices) (VP do (VP *?* (NP *T*-1)))))))) ; (S (PP-TMP over (NP the next five years)) , (NP-SBJ it) (VP is (VP aiming (PP-CLR for (NP rough parity))))) .)) (TOP (S (PP-TMP Within (NP a year)) , (NP-SBJ-1 (NP Kao Corp.) , (NP a major cosmetics company) ,) (VP plans (S (NP-SBJ *-1) (VP to (VP eliminate (NP 1,000 clerical jobs) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP putting (PP-PUT on (NP a central computer network)) (NP (NP some work) , (PP such as (NP credit reports)) , (VP (ADVP-TMP currently) performed (NP *) (PP-LOC in (NP 22 separate offices))))))))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-3) (VP increasing (NP (NP the number) (PP of (NP PCs)) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP uses (NP *T*-2))))) (PP-DIR from (NP 66)) (PP-DIR to (NP 1,000))))) , (NP-SBJ-3 (NP Omron Tateishi Electronics Co.) , (PP of (NP Kyoto)) ,) (VP hopes (S (NP-SBJ *-3) (VP (CONJP not only) (VP to (VP make (S (NP-SBJ certain tasks) (ADJP-PRD easier)))) (CONJP but also) (VP to (VP transform (NP (NP the way) (SBAR (WHADVP-4 0) (S (NP-SBJ-1 the company) (VP is (VP run (NP *-1) (ADVP-MNR *T*-4))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ Managers) (VP have (ADVP-TMP long) (VP been (NP-PRD (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP supervise (NP their subordinates) (SBAR-PRP so (S (NP-SBJ-3 orders) (VP would (VP be (ADVP-MNR properly) (VP acted (PP-CLR on (NP *-3)))))))))))))) , '' (NP-SBJ a spokesman) (VP says (S *T*-2)) .)) (TOP (S `` But (S (NP-SBJ-1 new managers) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP be (NP-PRD creators and innovators))))))) ... and (S (PP-PRP for (NP that purpose)) (NP-SBJ (NP it) (S *EXP*-2)) (VP is (ADJP-PRD necessary) (S-2 (NP-SBJ *) (VP to (VP create (NP (NP an environment) (SBAR (WHADVP-3 where) (S (NP-SBJ-4 (NP information) (PP from (PP both inside and outside (NP the company)))) (VP can (VP be (VP (VP reached (NP *-4) (ADVP-MNR easily)) , and (VP (ADVP also) shared (NP *-4)) (ADVP-LOC *T*-3)))))))))))) . '')) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ more computer makers) (ADVP-TMP now) (VP are (VP competing (PP-CLR for (NP the new business)))) .)) (TOP (S (NP-SBJ (NP Seiko Epson Corp.) , (NP (NP a newcomer) (PP to (NP the industry))) ,) (VP (VP fought (PRT off) (NP a legal challenge)) and (VP started (VP selling (NP NEC clones) (NP-TMP last year)))) .)) (TOP (S (NP-SBJ It) (VP has (VP won (NP (NP (QP about 15) %) (PP of (NP the retail PC market))))) .)) (TOP (S (NP-SBJ (NP Sony Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP temporarily) (VP dropped (PP-CLR out (PP of (NP the PC business))) (ADVP-TMP (NP three years) ago)))) ,) (VP (VP started (VP selling (NP its work station) (PP-TMP in (NP 1987)))) and (VP (ADVP-MNR quickly) became (NP-PRD (NP the leading Japanese company) (PP-LOC in (NP that market))))) .)) (TOP (S (PP-LOC In (NP (NP a country) (SBAR (WHADVP-1 where) (S (NP-SBJ elbow room) (VP is (ADJP-PRD scarce) (ADVP-LOC *T*-1)))))) , (NP-SBJ laptop machines) (VP will (VP take (NP (NP a large portion) (PP of (NP (NP the industry 's) future growth))))) .)) (TOP (S (NP-SBJ Toshiba Corp.) (VP busted (S-CLR (NP-SBJ *-2) (ADJP-PRD open)) (NP-2 that sector) (NP-TMP this summer) (PP with (NP (NP (NP a notebook-sized machine) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP retails (PP-CLR for (NP (NP (QP less than 200,000) yen) (PRN -LRB- (NP (QP under $ 1,500) *U*) -RRB-))))))) -- (NP (NP one) (PP of (NP (NP the smallest , cheapest PCs) (ADJP available (PP-LOC in (NP the country))))))))) .)) (TOP (S (NP-SBJ Fujitsu Ltd.) (VP is (VP lavishing (NP (NP the (ADJP most expensive) promotion campaign) (PP-LOC in (NP its history)) (PRN -- (PP including (NP (NP a 100,000-guest bash) (PP-LOC at (NP Tokyo Dome)))) --)) (PP for (NP (NP its sophisticated sound/graphics FM Towns machine) , (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP advertises (NP *T*-1) (PP-CLR for (NP (NP everything) (PP from (S-NOM (NP-SBJ *) (VP balancing (NP the family checkbook)))) (PP to (S-NOM (NP-SBJ *) (VP practicing (NP karaoke , bar singing))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Many) (PP of (NP the companies))) (VP are (VP (VP (ADVP even) dropping (NP their traditional independence)) and (VP trying (S (NP-SBJ *-1) (VP to (VP band (ADVP-CLR together) (S-PRP (NP-SBJ *-1) (VP to (VP create (NP (NP some sort) (PP of (NP standard)))))))))))) .)) (TOP (S (ADVP-TMP (NP Two years) ago) , (NP-SBJ-1 (NP most) (PP of (NP the smaller makers))) (VP joined (PP-LOC under (NP the Microsoft Corp. umbrella)) (S-PRP (NP-SBJ *-1) (VP to (VP adopt (NP (NP a version) (PP of (NP the American IBM AT standard))))))) .)) (TOP (S (S (NP-SBJ That) (VP has n't (VP generated (NP much sales)))) , but (S (NP-TMP this summer) (NP-SBJ Microsoft) (VP rallied (S (NP-SBJ all the major NEC competitors) (VP to (VP make (S (NP-SBJ their new machines) (ADJP-PRD compatible (PP with (NP the IBM OS/2 standard))))))))) .)) (TOP (S (NP-SBJ A healthy , coherent Japanese market) (VP could (VP (ADVP also) make (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (ADJP-PRD far easier) (SBAR-2 for (S (NP-SBJ Japanese companies) (VP to (VP sell (ADVP-LOC (ADVP overseas) , (SBAR (WHADVP-1 where) (S (NP-SBJ their share) (VP is (ADVP still) (ADJP-PRD minimal) (ADVP-LOC *T*-1)))))))))))) .)) (TOP (S But (NP-SBJ it) (VP could (ADVP also) (VP help (NP (NP American companies) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (ADVP also) (VP are (VP starting (S (NP-SBJ-3 *-2) (VP to (VP try (S (NP-SBJ *-3) (VP to (VP open (NP the market)))))))))))))) .)) (TOP (S (PP As (PP with (NP many other goods))) , (NP-SBJ (NP the American share) (PP of (NP (NP Japan 's) PC market))) (VP is (PP-PRD far below (NP (NP that) (PP in (NP (NP the rest) (PP of (NP the world))))))) .)) (TOP (S (NP-SBJ U.S. makers) (VP have (NP (ADJP (QP under 10) %) share) , (PP compared (PP with (NP (NP (NP half the market) (PP-LOC in (NP Europe))) and (NP (NP 80 %) (PP-LOC at (NP home))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ no formal trade barriers) (VP exist))) , (NP-SBJ the Japanese computer industry) (VP is (ADJP-PRD difficult (SBAR (WHNP-1 0) for (S (NP-SBJ outsiders) (VP to (VP enter (NP *T*-1))))))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-ADV If (S (NP-SBJ it) (VP were (NP-PRD an open market)))) , (NP-SBJ we) (VP would (VP have (VP been (ADVP-LOC-PRD in) (PP-TMP in (NP 1983 or 1984)))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Eckhard Pfeiffer) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP heads (NP (NP Compaq Computer Corp. 's) European and international operations))))) .)) (TOP (S (NP-SBJ His company) , (PP without (NP any major effort)) , (VP sells (NP (NP more machines) (PP-LOC in (NP China)) (PP than (PP-LOC in (NP Japan))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ it) (VP has (VP opened (NP a New Zealand subsidiary))))) , (NP-SBJ it) (VP is (ADVP still) (VP (ADVP only) `` studying '' (NP (NP Japan) , (NP (NP the only nation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has n't (VP adopted (NP IBM-oriented specifications))))))))) .)) (TOP (S And (SBAR-PRP because (S (NP-SBJ (NP general retail centers) (PP such as (NP ComputerLand))) (VP have (NP little presence) (PP-LOC in (NP Japan))))) , (NP-SBJ sales) (VP remain (PP-LOC-CLR in (NP (NP the iron grip) (PP of (NP established computer makers))))) .)) (TOP (S But (NP-SBJ-1 the Americans) (VP are (ADVP also) (S-PRD (NP-SBJ *-1) (VP to (VP blame)))) .)) (TOP (S (NP-SBJ They) (ADVP-TMP long) (VP made (NP little effort) (ADVP-LOC here)) .)) (TOP (S (S (NP-SBJ-1 IBM) (PRN , (SBAR-ADV though (S (NP-SBJ *-1) (ADVP-TMP long) (NP-PRD a leader) (PP-LOC in (NP the Japanese mainframe business)))) ,) (VP did n't (VP introduce (NP its first PC) (PP-LOC in (NP Japan)) (PP-TMP until (SBAR (NP-ADV five years) after (S (NP-SBJ NEC) (VP did (VP *?*)))))))) , and (S (NP-SBJ that) (VP was n't (ADJP-PRD compatible (PP even with (NP the U.S. IBM standard))))) .)) (TOP (S (NP-SBJ Apple) (VP did n't (VP introduce (NP (NP a kanji machine) (PRN -- (NP (NP one) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP handles (NP (NP the Chinese characters) (PP of (NP written Japanese))))))) --)) (PP-TMP until (PP (NP-ADV three years) after (S-NOM (NP-SBJ *) (VP entering (NP the market))))))) .)) (TOP (S (NP-SBJ Critics) (ADVP also) (VP say (SBAR 0 (S (NP-SBJ American companies) (VP charge (NP too much))))) .)) (TOP (S (NP-SBJ (NP Japan 's) FTC) (VP says (SBAR 0 (S (NP-SBJ it) (VP is (VP investigating (NP-1 Apple) (PP-CLR for (S-NOM (NP-SBJ *-1) (ADVP allegedly) (VP discouraging (NP-2 retailers) (PP from (S-NOM (NP-SBJ *-2) (VP discounting))))))))))) .)) (TOP (S But (NP-SBJ the U.S. companies) (VP are (VP redoubling (NP their efforts))) .)) (TOP (S (NP-SBJ-1 Apple) (ADVP-TMP recently) (VP hired (NP (NP its first Japanese president) (PP *ICH*-2)) , (S-ADV (NP-SBJ *-1) (VP luring (PRT away) (NP (NP (NP an official) (PP of (NP (NP Toshiba 's) European operations)))))) , (PP-2 as well as (NP a whole Japanese top-management team))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ it) (VP introduced (NP (NP a (ADJP (ADVP much more) powerful) kanji operating system) and (NP a kanji laser printer))) .)) (TOP (S (NP-SBJ-3 IBM) (NP-TMP just last year) (VP started (S (NP-SBJ *-3) (VP selling (NP (NP its first machine) (SBAR (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP run (PP-MNR in (NP both Japanese and English)))))) and (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP (ADVP-MNR substantially) enhances (NP (NP compatibility) (PP with (NP its American products))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ (NP It) (S *EXP*-2)) (VP may (VP take (NP five years) (S-2 (NP-SBJ *) (VP to (VP break (PRT even) (PP-LOC in (NP Japan)))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP John A. Siniscal) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP the Asia-Pacific office) (PP for (NP (NP McCormack & Dodge) , (NP a U.S. software company))))))) .)) (TOP (S `` But (NP-SBJ it) (VP 's (NP-PRD an enormous business opportunity)) .)) (TOP (S (PP From (NP (NP a reading) (PP of (NP (NP the (ADJP somewhat scant) English-language medical literature) (PP on (NP RU-486)))))) , (NP-SBJ the French abortion pill) (VP emerges (PP-CLR as (NP (NP one) (PP of (NP (NP the creepiest concoctions) (ADVP-LOC around)))))) .)) (TOP (S (NP-SBJ This) (VP is (ADVP not only) (SBAR-PRP-PRD because (S (NP-SBJ it) (VP (NP kills (NP the unborn)) , (NP-ADV (NP a job) (SBAR (WHPP-2 at (WHNP which)) (S (NP-SBJ-3 it) (ADVP actually) (VP is not (ADJP-PRD outstandingly efficient (PP *T*-2)) , (S-ADV (NP-SBJ *-3) (VP zapping (NP (NP (QP only 50 % to 85 %) *U*) (PP of (NP them))) (PP depending (PP on (SBAR-NOM (WHNP-1 which study) (S (NP-SBJ you) (VP read (NP *T*-1))))))))) (PRN -LRB- (S (NP-SBJ-4 prostaglandin) , (S-ADV (NP-SBJ *-4) (VP taken (NP *) (PP-CLR in (NP (NP conjunction) (PP with (NP the pill)))))) , (VP boosts (NP the rate) (PP-CLR to (NP 95 %)))) -RRB-)))))))) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ surgical abortion) (VP is (ADJP-PRD (NP-ADV 99 %) effective)) .)) (TOP (S (NP-SBJ (NP Abortion) (PP via (NP the pill))) (VP is (ADJP-PRD (ADJP far more (PP of (NP an ordeal))) (PP than (NP conventional surgical abortion)))) .)) (TOP (S (NP-SBJ It) (VP is (ADJP-PRD (ADJP time-consuming) (PRN -LRB- (S (S (NP-SBJ (NP the abortion part) (ADVP alone)) (VP lasts (NP three days))) , and (S (NP-SBJ the clinical part) (VP comprises (NP (NP (NP a week 's) worth) (PP of (NP visits)))))) -RRB-) , (ADJP bloody) (PRN -LRB- (S (NP-SBJ (NP one woman) (PP-LOC in (NP a Swedish trial))) (VP required (NP a transfusion) , (SBAR-ADV although (S (PP for (NP most)) (NP-SBJ it) (VP resembles (NP a menstrual period) , (PP with (NP (NP bleeding) (VP lasting (NP (NP an average) (PP of (NP 10 days))))))))))) -RRB-) , and (ADJP painful) (PRN -LRB- (S (NP-SBJ-1 many women) (VP require (NP analgesic shots) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP ease (NP them) (ADVP-CLR through)))))) -RRB-))) .)) (TOP (S (NP-SBJ Nausea and vomiting) (VP are (NP-PRD other common side effects)) .)) (TOP (S (NP-SBJ Timing) (VP is (PP-PRD of (NP the essence)) (PP with (NP RU-486))) .)) (TOP (S (NP-SBJ-2 It) (VP is (ADJP-PRD most effective) (S-ADV (NP-SBJ-3 *-2) (VP taken (NP *-3) (UCP-TMP (SBAR (NP-ADV about a week) after (S (NP-SBJ a woman) (VP misses (NP her menstrual period)))) (PP up through (NP (NP the seventh week) (PP of (NP pregnancy)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP is (ADJP-PRD markedly less effective) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (NP-SBJ That) (VP is (ADVP typically) (NP-PRD about a three-week window)) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ all the studies) (VP have (VP concluded (SBAR that (S (NP-SBJ RU-486) (VP is `` (ADJP-PRD safe)))))) . '')) (TOP (S But `` (ADJP-SBJ safe) (PRN , '' (PP in (NP (NP the definition) (PP of (NP (NP Marie Bass) (PP of (NP the Reproductive Health Technologies Project)))))) ,) (VP means (SBAR 0 `` (S (NP-SBJ there) (VP 's (VP been (NP-PRD (NP no evidence) (PP *ICH*-1)) (ADVP-TMP so far) (PP-1 of (NP mortality))))))) . '')) (TOP (S (NP-SBJ No one) (VP has (VP researched (NP (NP the long-term effects) (PP of (NP RU-486)) (PP on (NP (NP a woman 's) health or fertility))))) .)) (TOP (S (NP-SBJ-2 The drug) (VP seems (S (NP-SBJ *-2) (VP to (VP suppress (NP ovulation) (PP-TMP for (NP (NP (QP three to seven) months) (SBAR-TMP after (S (NP-SBJ-1 it) (VP is (VP taken (NP *-1))))))))))) .)) (TOP (S (S (NP-SBJ Some women) (ADVP clearly) (VP have (NP (NP no trouble) (S-NOM (NP-SBJ *) (ADVP-TMP eventually) (VP conceiving (ADVP again)))))) : (S (NP-SBJ The studies) (VP have (VP reported (NP repeaters) (PP-LOC in (NP their programs))))) .)) (TOP (S But (NP-SBJ there) (VP are (NP-PRD (NP no scientific data) (PP on (NP this question)))) .)) (TOP (S (S-TPC-1 (ADVP Rather ominously) , (NP-SBJ rabbit studies) (VP reveal (SBAR that (S (NP-SBJ RU-486) (VP can (VP cause (NP birth defects))))))) , (NP-SBJ (NP Lancet) , (NP the British medical journal) ,) (VP reported (SBAR 0 (S *T*-1)) (PP-TMP in (NP 1987))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP Dr. Etienne-Emile Baulieu) , (NP (NP the French physician) (SBAR (WHNP-488 who) (S (NP-SBJ *T*-488) (VP invented (NP RU-486))))) ,) (VP wrote (PP-LOC in (NP a Science magazine article)) (NP-TMP last month) (SBAR that (S (NP-SBJ-487 the rabbit-test results) (VP could not (VP be (VP duplicated (NP *-487) (PP in (NP rats and monkeys)))))))) .)) (TOP (S (NP-SBJ The drug) (VP has (NP (NP a three-dimensional structure) (ADJP similar (PP to (NP (NP that) (PP of (NP (NP DES) , (NP (NP the anti-miscarriage drug) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP has (VP been (VP linked (NP *-1) (PP-CLR to (NP cervical and vaginal cancer)) (PP-LOC in (NP (NP some) (PP of (NP (NP the daughters) (PP of (NP (NP the women) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP took (NP it))))))))))))))))))))))) .)) (TOP (S (NP-SBJ All the published studies) (VP recommend (SBAR that (S (NP-SBJ (NP women) (SBAR (WHPP-1 on (WHNP whom)) (S (NP-SBJ the drug) (VP proves (ADJP-PRD ineffective) (PP *T*-1))))) (VP not (VP carry (NP the pregnancy) (PP-CLR to (NP term))) but (VP undergo (NP a surgical abortion)))))) .)) (TOP (S (NP-SBJ (NP (NP A risk) (PP of (NP birth defects))) , (NP (NP a sure source) (PP of (NP lawsuits))) ,) (VP is (NP-PRD (NP one reason) (SBAR (WHADVP-1 0) (S (NP-SBJ the U.S. pharmaceutical industry) (VP is (VP steering (ADVP-CLR clear (PP of (NP RU-486))) (ADVP-PRP *T*-1))))))) .)) (TOP (S (NP-SBJ One) (VP might (ADVP well) (VP ask : (SBARQ (WHADVP-1 Why) (SQ (NP-SBJ *) (VP bother (PP with (NP this drug)) (ADVP at all) (ADVP-PRP *T*-1)))))) ?)) (TOP (S (NP-SBJ Some abortion advocates) (VP have (VP been (VP asking (NP themselves) (NP this very question)))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ RU-486) `` (VP (ADVP probably) represents (NP (NP a technical advance) (PP-LOC in (NP (NP an area) (SBAR (WHADVP-1 where) (S (NP-SBJ-487 none) (VP is (VP needed (NP *-487) (PRN , or (ADVP (ADVP at least) not very much)) (ADVP-LOC *T*-1)))))))))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Phillip Stubblefield) , (NP (NP president) (PP of (NP the National Abortion Federation))) ,) (PP-LOC at (NP a reproductive health conference)) (PP-TMP in (NP 1986)) .)) (TOP (S (NP-SBJ Many physicians) (VP have (VP expressed (NP (NP concern) (PP over (NP (NP the heavy bleeding) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP occurs (SBAR-ADV even if (S (NP-SBJ-2 the drug) (VP fails (S (NP-SBJ *-2) (VP to (VP induce (NP an abortion))))))))))))))) .)) (TOP (S (S (NP-SBJ (NP It) (S *EXP*-1)) (ADVP typically) (VP takes (NP (QP from eight to 10) years) (S-1 (NP-SBJ *) (VP to (VP obtain (NP (NP the Food and Drug Administration 's) approval) (PP for (NP a new drug))))))) , and (S (NP-SBJ (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP testing and marketing (NP a new drug))))) (VP can (VP range (PP-CLR (PP from (NP (QP $ 30 million) *U*)) (PP to (NP (QP $ 70 million) *U*)))))) .)) (TOP (S (NP-SBJ The Health and Human Services Department) (ADVP-TMP currently) (VP forbids (NP-1 (NP the National Institutes) (PP of (NP Health))) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP funding (NP abortion research) (PP-MNR as (NP (NP part) (PP of (NP its (ADJP (QP $ 8 million) *U*) contraceptive program )))))))) .)) (TOP (S But (NP-SBJ (NP the Population Council) , (NP (NP a 37-year-old , (ADJP (QP $ 20 million) *U*) nonprofit organization ) (SBAR (WHNP-487 that) (S (NP-SBJ *T*-487) (VP (VP has (NP (NP the backing) (PP of (NP the Rockefeller and Mellon foundations)))) and (VP (ADVP-TMP currently) subsidizes (NP (NP most U.S. research) (PP on (NP contraceptives)))))))) ,) (VP has (ADVP-TMP recently) (VP been (VP paying (PP-CLR for (NP (NP U.S. studies) (PP of (NP RU-486)) (PP on (NP (NP a license) (PP from (NP (NP its French developer) , (NP (NP Roussel-Uclaf) , (NP (NP a joint subsidiary) (PP of (NP (NP (NP the German pharmaceutical company Hoechst)) and (NP the French government)))))))))))))) .)) (TOP (S (PP-TMP In (NP (NP the year) (SBAR-TMP since (S (NP-SBJ the pill) (VP went (PP-CLR on (NP the French market))))))) , (NP-SBJ-1 (NP the National Organization for Women) and (NP (NP its offshoot) , (NP (NP (NP former NOW President Eleanor Smeal 's) Fund) (PP for (NP a Feminist Majority))) ,)) (VP have (VP been (VP trying (S (NP-SBJ *-1) (VP to (VP browbeat (NP-2 the U.S. pharmaceutical industry) (PP-CLR into (S-NOM (NP-SBJ *-2) (VP getting (ADJP-PRD involved)))))))))) .)) (TOP (FRAG -LRB- (NP Its scare-tactic prediction) : (S (NP-SBJ the pill) `` (VP will (VP be (ADJP-PRD available) (PP-LOC in (NP the U.S.)) , (ADVP either legally or illegally) , (PP-TMP in (NP (QP no more than 2-5) years))))) . '' -RRB-)) (TOP (SINV (VP-TPC-1 Following (NP the feminist and population-control lead)) (VP has (VP been (VP *T*-1))) (NP-SBJ a (ADJP generally bovine) press) .)) (TOP (S (NP-SBJ (NP A June 1988 article) (PP-LOC in (NP Mother Jones magazine))) (VP is (ADJP-PRD typical (PP of (NP (NP the general level) (PP of (NP media ignorance)))))) .)) (TOP (SINV `` (S-TPC-1 (PP For (NP (NP a woman) (SBAR (WHNP-487 whose period) (S (NP-SBJ *T*-487) (VP is (ADJP-PRD late)))))) , (S-NOM-SBJ (NP-SBJ *) (VP using (NP RU-486))) (VP means (NP (NP no waiting) , (NP (NP no walking) (PP past (NP (NP picket lines) (PP-LOC at (NP abortion clinics))))) , and (NP (NP no feet) (PP up (PP in (NP stirrups))) (PP for (NP surgery)))))) , '' (VP burbles (S *T*-1)) (NP-SBJ health writer Laura Fraser) .)) (TOP (S `` (NP-SBJ It) (ADVP also) (VP means (SBAR 0 (S (NP-SBJ-1 she) (VP will (ADVP-TMP never) (VP have (S (NP-SBJ *-1) (VP to (VP know (SBAR whether (S (NP-SBJ she) (VP had (ADVP actually) (VP been (ADJP-PRD pregnant))))))))))))) . '')) (TOP (FRAG (ADJP Wrong (PP on (NP all counts))) , (NP-VOC Miss Fraser) .)) (TOP (S (NP-SBJ-487 RU-486) (VP is (VP being (VP administered (NP *-487) (PP-LOC in (NP France)) (ADVP only) (PP-LOC under (NP strict supervision)) (PP in (NP (NP the presence) (PP of (NP a doctor))))))) .)) (TOP (S -LRB- (NP-SBJ Roussel) (ADVP reportedly) (VP has (S (NP-SBJ-1 every pill) (VP (VP marked (NP *-1)) and (VP accounted (PP-CLR for (NP *-1))) (S-PRP (NP-SBJ *) (VP to (VP make (ADJP sure (SBAR 0 (S (NP-SBJ none) (VP slips (PP-DIR into (NP the black market)))))))))))) . -RRB-)) (TOP (S (ADVP Thus) , (NP-SBJ-1 (NP a woman) (SBAR (WHNP-487 who) (S (NP-SBJ-3 *T*-487) (VP used (NP RU-486) (S-CLR (NP-SBJ *-3) (VP to (VP have (NP an abortion)))))))) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP make (NP (NP (NP three trips) (PP to (NP the clinic)) (PP past (NP those picket lines))) ; (NP (NP (NP an initial visit) (UCP-PRP (PP for (NP (NP medical screening) (PRN -LRB- (S (NP-SBJ-4 (NP anemics) and (NP (NP those) (PP with (NP previous pregnancy problems)))) (VP are (VP eliminated (NP *-4)))) -RRB-))) and (S (NP-SBJ *) (VP to (VP take (NP the pill)))))) , (NP (NP a second trip) (ADVP-TMP (NP 48 hours) later) (PP for (NP (NP the prostaglandin) , (VP administered (NP *) (PP either via (NP (NP injection) or (NP vaginal suppository))))))) , and (NP (NP a third trip) (ADVP-TMP (NP a week) later) (S-PRP (NP-SBJ *) (VP to (VP make (ADJP sure (SBAR 0 (S (NP-SBJ she) (VP has (VP (ADVP completely) aborted)))))))))))))))) .)) (TOP (S (ADVP Furthermore) , (SBAR-PRP because (S (NP-SBJ timing) (VP is (ADJP-PRD so critical) (PP with (NP RU-486))))) , (NP-SBJ she) (VP will (VP learn , (PP via (NP a pelvic examination and ultrasound)) , (SBAR (ADVP not only) (SBAR that (S (NP-SBJ she) (VP is (ADJP-PRD pregnant)))) , but (SBAR (WHADJP-1 just how pregnant) (S (NP-SBJ she) (VP is (ADJP-PRD *T*-1))))))) .)) (TOP (S (NP-SBJ (NP No doctor) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP fears (NP malpractice liability))))) (VP would (VP (ADVP likely) expose (NP a non-pregnant patient) (PP-CLR to (NP (NP the risk) (PP of (NP hemorrhaging)))))) .)) (TOP (S (NP-SBJ Many women) (VP may (VP (ADVP even) see (NP (NP (NP the dead embryo) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP have (VP expelled (NP *T*-1)))))) , (NP (NP a sight) (SBAR (WHNP-2 0) (S (NP-SBJ the surgical-abortion industry) (ADVP typically) (VP spares (NP them) (NP *T*-2)))))))) .)) (TOP (S (PP-TMP At (NP seven weeks)) , (NP-SBJ an embryo) (VP is (ADJP-PRD (ADJP (NP-ADV (NP (QP about three-fourths)) (PP of (NP an inch))) long) and (ADJP recognizably human))) .)) (TOP (S (PP At (NP (NP the behest) (PP of (NP (NP pro-choice members) (PP of (NP Congress)))))) , (NP-SBJ (NP a four-year reauthorization bill) (PP for (NP Title X federal family-planning assistance))) (ADVP-TMP now) (VP contains (NP (NP a (ADJP (QP $ 10 million) *U*) grant) (PP for (NP `` (NP (NP development) , (NP evaluation) and (NP (NP bringing) (PP to (NP the marketplace)))) (PP of (NP new improved contraceptive devices , drugs and methods)))))) . '')) (TOP (S (SBAR-ADV If (S (NP-SBJ this) (VP passes))) (PRN -- (S (NP-SBJ-1 a Senate version) (VP has (ADVP-TMP already) (VP been (VP cleared (NP *-1) (PP-CLR for (NP (NP a floor vote) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD likely) (NP-TMP early next year)))))))))) --) (NP-SBJ it) (VP would (VP put (NP the federal government) (PP-PUT into (NP the contraceptive marketing business)) (PP-TMP for (NP the first time)))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP could (VP (VP put (NP the government) (PP-PUT into (NP the RU-486 business))) , (SBAR-ADV (WHNP-487 which) (S (NP-SBJ *T*-487) (VP would (VP please (NP (NP feminists) (VP dismayed (NP *) (PP-CLR at (SBAR-NOM (WHNP-488 what) (S (NP-SBJ they) (VP view (NP *T*-488) (PP-CLR as (NP (NP pusillanimity) (PP in (NP the private-sector drug industry)))))))))))))))) .)) (TOP (S (NP-SBJ We) (VP do not (VP know (SBAR whether (S (NP-SBJ RU-486) (VP will (VP be (ADJP-PRD (ADJP as disastrous) (PP as (NP (NP some) (PP of (NP (NP the earlier fertility-control methods) (VP released (NP *) (PP-CLR to (NP (NP unblinking , uncritical cheers) (PP from (NP (NP educated people) (SBAR (WHNP-487 who) (S (NP-SBJ *T*-487) (VP should (VP have (VP known (ADVP better)))))))))))))))))))))) .)) (TOP (S -LRB- (NP-SBJ *) (VP Remember (NP (NP the Dalkon Shield) and (NP the early birth-control pills))) ? -RRB-)) (TOP (S (NP-SBJ We) (VP will not (VP know (SBAR-TMP until (S (NP-SBJ (NP a first generation) (PP of (NP (NP female guinea pigs) (PRN -- (SBAR (WHNP-1 (WHNP all) (WHPP of (WHNP whom))) (S (NP-SBJ-2 *T*-1) (VP will (VP be (ADJP-PRD (ADVP more than) happy (S (NP-SBJ *-2) (VP to (VP volunteer (PP-CLR for (NP the job)))))))))) --)))) (VP has (VP put (NP the abortion pill) (PP-PUT through (NP (NP the clinical test) (PP of (NP time)))))))))) .)) (TOP (S (NP-SBJ Mrs. Allen) (VP is (NP-PRD (NP a senior editor) (PP of (NP Insight magazine)))) .)) (TOP (S (NP-SBJ-1 This article) (VP is (VP adapted (NP *-1) (PP-CLR from (NP (NP one) (PP-LOC in (NP the October American Spectator)))))) .)) (TOP (S (PP-TMP On (NP June 30)) , (NP-SBJ (NP a major part) (PP of (NP our trade deficit))) (VP went (NP-CLR poof)) !)) (TOP (NP (NP No figure juggling) ; (NP no witchcraft) ; (NP (NP just (ADJP vastly improved) recording) (PP of (NP (NP some) (PP of (NP our exports))))) .)) (TOP (NP The result ?)) (TOP (S (NP-SBJ The Commerce Department) (VP found (SBAR that (S (NP-SBJ-1 (NP (NP U.S. exports) (PP-TMP in (NP 1988))) , (NP (NP net) (PP of (NP imports))) ,) (VP were (VP (VP understated (NP *-1) (PP-EXT by (NP (NP (QP $ 20.9 billion) *U*) (NP-ADV a year)))) and (VP understated (NP *-1) (PP-CLR at (NP (NP the annualized rate) (PP of (NP (QP $ 25.4 billion) *U*)))) (PP-TMP in (NP (NP the first quarter) (PP of (NP 1989)))))))))) .)) (TOP (S (NP-SBJ (NP (QP More than half)) (PP of (NP the `` (ADJP newly found) '' net exports))) (VP were (PP-PRD from (NP (QP just a few) service-sector categories))) .)) (TOP (S (NP-SBJ-1 (NP (NP Some) (PP of (NP the biggest service-industry exporters))) (PRN -- (NP (NP American financial-service companies) , (PP for (NP example))) --)) (VP have (ADVP-CLR yet) (S (NP-SBJ-2 *-1) (VP to (VP be (VP (ADVP fully) included (NP *-2) (PP-LOC-CLR in (NP our export statistics))))))) .)) (TOP (S (ADVP-TMP (NP Nearly 10 years) ago) , (NP-SBJ (NP representatives) (PP of (NP service-sector companies))) (VP worked (PRT out) (NP a plan (S *ICH*-1)) (PP with (NP the Commerce Department)) (S-1 (NP-SBJ *) (VP to (VP improve (NP (NP the data) (PP on (NP service-sector exports))))))) .)) (TOP (S (NP-SBJ Both groups) (VP believed (SBAR that (S (NP-SBJ-1 (NP tens) (PP of (NP (NP billions) (PP of (NP (NP dollars) (PP of (NP (NP service exports) (PRN -- (PP such as (NP (NP inbound tourism) ; (NP (NP (UCP legal , accounting and other professional) services) (VP furnished (NP *) (PP-CLR to (NP foreigners))) ; (NP (UCP financial , engineering and construction) services) ; and (NP the like)))) --)))))))) (VP were not (VP being (VP counted (NP *-1) (PP-CLR as (NP exports)))))))) .)) (TOP (S (NP-SBJ-1 The monthly `` trade deficit '' figure) (VP is (VP limited (NP *-1) (PP-CLR to (NP (NP traditional merchandise trade) : (NP (NP manufactured goods) and (NP raw materials)))))) .)) (TOP (S (PP-LOC In (NP the quarterly balance-of-payments report)) , (NP-SBJ-1 those merchandise trade figures) (VP are (VP merged (NP *-1) (PP-CLR with (NP (NP statistics) (PP on (NP (NP (NP exports and imports) (PP of (NP services))) , (CONJP as well as) (NP (NP (NP returns) (PP on (NP (NP investments) (ADVP-LOC abroad) (PP by (NP Americans))))) and (NP (NP returns) (PP on (NP (NP foreign investments) (PP-LOC in (NP the U.S)))))))))))) .)) (TOP (S (PP-TMP Over (NP time)) , (PP-MNR through (NP benchmark surveys)) , (NP-SBJ-1 (NP the corrected data) (PP on (NP service exports and imports))) (VP have (VP been (VP gathered (NP *-1)))) .)) (TOP (S (NP-SBJ (NP The first three major areas) (PP of (NP the service sector)) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP revamped (NP *-1))))))) (VP were (NP-PRD (NP (NP expenditures) (PP by (NP (NP foreign students) (PP-LOC in (NP the U.S .))))) (PRN -LRB- (NP (NP net) (PP after (NP (NP expenditures) (PP by (NP (NP Americans) (VP studying (ADVP-LOC abroad))))))) -RRB-) , (NP (NP some exports) (PP by (NP-LGS professional firms))) (PRN -LRB- (S (NP-SBJ (NP a law firm) (VP billing (NP a German client) (PP-CLR for (NP (NP services) (VP rendered (NP *) (PP in (S-NOM (NP-SBJ *) (VP watching (NP (NP legislation) (PP-LOC in (NP Washington))))))))))) (VP is (NP-PRD (NP (ADJP as much) an export) (PP as (NP (NP shipment) (PP of (NP an American jet engine))))))) -RRB-) , and (NP (NP improved data) (PP from (NP travel and tourism))))) .)) (TOP (S (PP-LOC In (NP just these three areas)) , (NP-SBJ the Commerce Department) (VP found (NP (NP (NP (ADJP (NP-ADV (QP $ 23 billion) *U*) more) exports) (SBAR than (S (NP-SBJ-1 *) (ADVP-TMP previously) (VP reported (NP *-1))))) and (NP (ADJP (QP $ 11.6 billion) *U*) more imports)) , (PP with (NP the net result (SBAR that (S (NP-SBJ (NP the U.S. service surplus) (PP-TMP in (NP 1988))) (VP increased (PP-EXT by (NP (QP $ 11.3 billion) *U*)) , (PP-DIR to (NP (QP $ 19 billion) *U*)))))))) .)) (TOP (S (PP Combined (PP with (NP (NP recalculations and revisions) (PP in (NP other trade areas))))) , (NP-SBJ (NP the value) (PP of (NP (NP U.S. net exports) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP had not (ADVP-TMP previously) (VP been (VP recorded (NP *-1))))))))) (VP was (NP-PRD (NP (QP about $ 20 billion) *U*) (NP-ADV a year))) .)) (TOP (S (NP-SBJ That) (VP means (SBAR that (S (NP-SBJ the U.S. trade deficit) (VP was (VP running (ADVP-CLR (ADVP (ADVP closer (PP to (NP-1 (QP $ 75 billion) *U*))) (PP-2 than (PP to (NP (NP (QP $ 95 billion) *U*) (PP-TMP in (NP 1988)))))) , and (ADVP (NP=1 (NP (QP $ 55 billion) *U*) (PRN -LRB- (VP annualized (NP *)) -RRB-)) (PP=2 rather than (NP (NP (QP $ 80 billion) *U*) (PP-TMP in (NP (NP the first quarter) (PP of (NP 1989))))))))))))) .)) (TOP (S (NP-SBJ These revised figures) (ADVP also) (VP may (VP explain (NP (NP some) (PP of (NP (NP the recent strength) (PP of (NP the dollar))))))) .)) (TOP (S (NP-SBJ-1 The (ADJP materially smaller) trade deficit) (VP may (VP have (VP been (ADVP already) (VP discounted (NP *-1) (PP-LOC in (NP the market)))))) .)) (TOP (SBARQ (WHNP-1 What) (SQ does (NP-SBJ this) (VP mean (NP *T*-1) (PP for (NP trade policy)))) ?)) (TOP (FRAG (ADVP Too early (S (NP-SBJ *) (VP to (VP tell)))) , but (S (NP-SBJ (NP a trade deficit) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD (ADJP significantly smaller) (SBAR than (S (NP-SBJ we) (VP imagined)))))))) (VP does (VP suggest (NP (NP a review) (PP of (NP our trade posture)))))) .)) (TOP (S (S (NP-SBJ It) (VP does not (VP relieve (NP (NP the need) (PP for (NP (NP our market-opening efforts) (PP for (NP both goods and services)))))))) , but (S (NP-SBJ it) (VP does (VP suggest (SBAR that (S-CLF (NP-SBJ it) (VP is (NP-PRD (NP (NP our exports) (PP of (NP services))) , and not (NP just borrowing) ,) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (VP financing (NP (NP our imports) (PP of (NP goods))))))))))))) .)) (TOP (S (NP-SBJ Mr. Freeman) (VP is (NP-PRD (NP an executive vice president) (PP of (NP American Express)))) .)) (TOP (S (NP-SBJ (NP The collapse) (PP of (NP (NP a (ADJP (QP $ 6.79 billion) *U*) labor-management buy-out) (PP of (NP United Airlines parent UAL Corp.))))) (VP may not (VP stop (NP-1 (NP some) (PP of (NP (NP Wall Street 's) top talent))) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP collecting (NP (NP (QP up to $ 53.7 million) *U*) (PP in (NP fees)))))))) .)) (TOP (S (PP According (PP to (NP (NP one person) (ADJP familiar (PP with (NP the airline)))))) , (NP-SBJ-2 (NP the buy-out group) (PRN -- (VP led (NP *) (PP by (NP-LGS (NP (NP United 's) pilots union) and (NP UAL Chairman Stephen Wolf)))) --)) (VP has (VP begun (S (NP-SBJ *-2) (VP billing (NP UAL) (PP-CLR for (NP (NP fees and expenses) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP owes (NP *T*-1) (PP-CLR to (NP (NP investment bankers) , (NP law firms) and (NP banks)))))))))))) .)) (TOP (S (NP-SBJ The tab) (VP (ADVP even) covers (NP (NP (QP $ 8 million) *U*) (PP in (NP commitment fees)) (VP owed (NP *) (PP-CLR to (NP (NP Citicorp) and (NP Chase Manhattan Corp.))))) , (SBAR-ADV even though (S (NP-SBJ their failure (S (NP-SBJ *) (VP to (VP obtain (NP (NP (QP $ 7.2 billion) *U*) (PP in (NP bank loans)) (PP for (NP the buy-out))))))) (VP was (NP-PRD (NP the main reason) (PP for (NP its collapse))))))) .)) (TOP (S (PP-LOC Under (NP (NP a merger agreement) (VP reached (NP *) (NP-TMP Sept. 14)))) , (NP-SBJ-1 the UAL board) (VP agreed (S (NP-SBJ *-1) (VP to (VP reimburse (NP (NP certain) (PP of (NP (NP the buy-out group 's) expenses))) (PP-MNR out (PP of (NP company funds))) (SBAR-ADV even if (S (NP-SBJ-2 the transaction) (VP was n't (VP completed (NP *-2)))))))) , (PP provided (SBAR 0 (S (NP-SBJ the group) (VP did n't (VP breach (NP the agreement))))))) .)) (TOP (S (NP-SBJ The failure (S (NP-SBJ *) (VP to (VP obtain (NP financing))))) (VP does n't (PP by (NP itself)) (VP constitute (NP a breach))) .)) (TOP (S (NP-SBJ The merger agreement) (VP says (SBAR 0 (S (NP-SBJ-2 the buy-out group) (VP is (VP entitled (S (NP-SBJ-1 *-2) (VP to (VP be (VP repaid (NP *-1) (NP (NP (QP $ 26.7 million) *U*) (PP in (NP fees))) (PP for (NP (NP (NP its investment bankers) , (NP (NP Lazard Freres & Co.) and (NP Salomon Brothers Inc.))) , and (NP (NP its law firm) , (NP Paul Weiss Rifkind Wharton & Garrison))))))))))))) .)) (TOP (S (NP-SBJ The buy-out group) (VP is (ADVP also) (ADJP-PRD entitled (PP to (NP (NP (QP $ 16 million) *U*) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP repay (NP (NP a fund) (VP created (NP *) (PP by (NP-LGS the pilots union)) (PP-PRP for (NP an employee stock ownership plan)))))))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP (NP the (QP $ 8 million) *U*) (PP for (NP Citicorp and Chase)))))) , (NP-SBJ-1 Salomon Brothers) (VP is (ADVP also) (VP owed (NP *-1) (NP (QP $ 3 million) *U*) (PP for (S-NOM (NP-SBJ *) (VP promising (S (NP-SBJ *) (VP to (VP make (NP a (ADJP (QP $ 200 million) *U*) bridge loan ))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP the buy-out group))) (VP was n't (ADJP-PRD immediately available (PP for (NP comment)))) .)) (TOP (S (ADVP Separately) , (NP-SBJ UAL stock) (VP rose (NP-EXT (NP $ 4 *U*) (NP-ADV a share)) (PP-DIR to (NP $ 175 *U*)) (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) (PP on (NP reports (SBAR that (S (NP-SBJ Los Angeles investor Marvin Davis) (VP has (VP asked (NP United Airlines unions) (SBAR if (S (NP-SBJ they) (VP 're (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *) (VP cooperating (PP with (NP Mr. Davis)) (PP-LOC in (NP (NP a new bid) (PP for (NP UAL)))))))))))))))))) .)) (TOP (S But (S (NP-SBJ neither (NP the pilots) nor (NP the machinists)) (VP appear (ADJP-PRD interested))) , and (S (NP-SBJ-1 Mr. Davis) (VP is (VP barred (NP-3 *-1) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP making (NP a new bid)))) (PP under (NP (NP terms) (PP of (NP (NP an agreement) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP made (NP *T*-2) (PP with (NP UAL)) (PP-TMP in (NP September))))))))) (SBAR-ADV unless (S (NP-SBJ UAL) (VP accepts (NP (NP an offer) (PP-LOC below (NP (NP $ 300 *U*) (NP-ADV a share)))))))))) .)) (TOP (S (NP-SBJ-1 Wall Street) (VP continued (S (NP-SBJ *-1) (VP to (VP buckle (PP-CLR under (NP (NP the public outcry) (PP against (NP computer-driven program trading)))))))) .)) (TOP (S (S (NP-SBJ (NP Kidder , Peabody & Co.) , (NP (NP a unit) (PP of (NP General Electric Co.))) ,) (VP announced (SBAR 0 (S (NP-SBJ-1 it) (VP would (VP stop (S (NP-SBJ *-1) (VP doing (NP stock-index arbitrage) (PP for (NP its own account)))))))))) , and (S (NP-SBJ Merrill Lynch & Co.) (VP pulled (PP-CLR out (PP of (NP the practice))) (ADVP altogether))) .)) (TOP (S (PP-LOC At (NP (NP the New York Stock Exchange) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP buffeted (NP *-1) (PP by (NP-LGS (NP complaints) (PP from (NP (NP angry individual investors) and (NP (NP the exchange 's) own listed companies)))))))))))) , (NP-SBJ Chairman John J. Phelan Jr.) (VP held (NP (NP an emergency meeting) (PP with (NP (NP senior partners) (PP of (NP (NP some) (PP of (NP (NP the Big Board 's) 49 stock specialist firms)))))))) .)) (TOP (S-1 (NP-SBJ The specialists) (PRN , (S (NP-SBJ a trader) (VP said (SBAR 0 (S *T*-1)))) ,) (VP were (ADJP-PRD `` livid '' (PP about (NP (NP Mr. Phelan 's) recent remarks (SBAR that (S (NP-SBJ-2 sophisticated computer-driven trading strategies) (VP are `` (ADVP-PRD here (S (NP-SBJ *-2) (VP to (VP stay))))))))))) . '')) (TOP (S (NP-SBJ Many investors) (VP blame (NP program trading) (PP-CLR for (NP (NP wild swings) (PP-LOC in (NP the stock market)) , (PP including (NP (NP the 190-point plunge) (PP-LOC in (NP the Dow Jones Industrial Average)) (PP-TMP on (NP Oct. 13))))))) .)) (TOP (S (NP-SBJ A specialist) (VP is (NP-PRD (NP an exchange member) (VP designated (S (NP-SBJ *) (VP to (VP maintain (NP a (ADJP fair and orderly) market) (PP in (NP a specified stock)))))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Phelan 's) meeting) (PP with (NP the floor brokers))) (VP comes (SBAR-ADV as (S (NP-SBJ-1 he) (VP prepares (S (NP-SBJ *-1) (VP to (VP explain (NP (NP (NP the exchange 's) position) (PP on (NP program trading))) (PP-CLR to (NP key congressional regulators)) (PP-LOC in (NP a closed session)) (NP-TMP tomorrow))))))) , (PP according (PP to (NP exchange officials)))) .)) (TOP (S (NP-SBJ A Big Board spokesman) (VP would (ADVP only) (VP say , `` (S (NP-SBJ-1 We) (VP 're (VP (VP working (NP the problem)) and (VP looking (PP-CLR at (NP the issue))) and (VP meeting (PP-CLR with (NP (NP a broad number) (PP of (NP customers and constituents)))) (S-PRP (NP-SBJ *-1) (VP to (VP get (NP (NP their views and ideas) (PP on (NP the issue)))))))))))) . '')) (TOP (S (NP-SBJ-1 The program-trading outcry) (VP was (VP taken (NP *-1) (PP-CLR to (NP a new level)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ giant Contel Corp.) (VP said (SBAR 0 (S (NP-SBJ-3 (NP it) and (NP (NP (QP 20 or more)) (PP of (NP (NP the Big Board 's) listed companies)))) (VP are (VP forming (NP an unprecedented alliance) (S-PRP (NP-SBJ *-3) (VP to (VP complain (PP-CLR about (NP (NP (NP the exchange 's) role) (PP-LOC in (NP program trading))))))))))) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ (NP The decision) (PP by (NP-LGS (NP Merrill) , (NP (NP the nation 's) largest securities firm) ,))) (VP represents (NP (NP the biggest retreat) (ADVP yet) (PP from (NP program trading)))) .)) (TOP (S (NP-SBJ-1 Merrill) (VP has (VP been (NP-PRD (NP the fourth-biggest stock-index arbitrage trader) (PP on (NP the Big Board)) (NP-TMP this year)) , (S-ADV (NP-SBJ *-1) (VP executing (NP (NP an average) (PP of (NP (NP (NP (QP 18.1 million) shares) (NP-ADV a month) (PP in (NP such trades))) , or (NP (NP (QP about one million) shares) (NP-ADV a day))))))))) .)) (TOP (S (NP-SBJ (NP Merrill 's) move) (VP is (NP-PRD (NP one) (PP of (NP (NP the (ADJP most sweeping) program-trading pullbacks) (PP of (NP recent days))))) , (SBAR-PRP because (S (NP-SBJ the big securities firm) (VP will (ADVP-TMP no longer) (VP execute (NP stock-index arbitrage trades) (PP for (NP customers))))))) .)) (TOP (S (NP-SBJ-1 Most Wall Street firms) , (PP-LOC in (S-NOM (NP-SBJ *-1) (VP pulling (PRT back)))) , (VP have (VP (ADVP merely) stopped (NP such trading) (PP for (NP their own accounts)))) .)) (TOP (S (NP-SBJ Merrill) (VP has (VP been (NP-PRD (NP one) (PP of (NP (NP the main firms) (VP executing (NP index arbitrage) (PP for (NP customers)))))))) .)) (TOP (S (NP-SBJ Merrill) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP lobbying (PP-CLR for (NP (NP significant regulatory controls) (PP on (NP program trading)) , (PP including (NP (NP tough margin (PRN -- or down-payment --) requirements) and (NP (NP limits) (PP on (NP price moves)) (PP for (NP program-driven financial futures)))))))))))) .)) (TOP (S (NP-SBJ Merrill) , (PP-LOC in (NP a statement) (PP by (NP-LGS (NP Chairman William A. Schreyer) and (NP President Daniel P. Tully)))) , (VP said (SBAR 0 (S (S (NP-SBJ index arbitrage) `` (VP has (VP been (ADVP-MNR clearly) (VP identified (PP-LOC in (NP (NP the investing public 's) mind)) (PP-CLR as (NP (NP a contributing factor) (PP to (NP excess market volatility)))))))) , '' so (S (NP-SBJ Merrill) (VP wo n't (VP execute (NP such trades) (SBAR-TMP until (S `` (NP-SBJ effective controls) '' (VP are (PP-LOC-PRD in (NP place))))))))))) .)) (TOP (S (PP-LOC In (NP stock-index arbitrage)) , (NP-SBJ traders) (VP buy and sell (NP (NP large amounts) (PP of (NP stocks)) (PP with (NP (NP offsetting trades) (PP in (NP stock-index futures and options)))))) .)) (TOP (S (NP-SBJ The idea) (VP is (S-PRD (NP-SBJ *) (VP to (VP lock (PRT in) (NP (NP profits) (PP from (NP (NP short-term swings) (PP-LOC in (NP volatile markets))))))))) .)) (TOP (S (S (NP-TMP Last Thursday) , (NP-SBJ PaineWebber Group Inc.) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP cease (NP index arbitrage) (ADVP altogether))))))) , but (S (NP-SBJ the firm) (VP was n't (NP-PRD (NP (ADJP as big) an index arbitrager) (SBAR as (S (NP-SBJ Merrill) (VP is (NP-PRD *?*))))))) .)) (TOP (S (NP-SBJ (NP Other large firms) , (PP including (NP (NP Bear , Stearns & Co.) and (NP Morgan Stanley & Co.))) ,) (NP-TMP last week) (VP announced (NP (NP a pullback) (PP from (NP index arbitrage)) , (PRN but (PP (ADVP only) for (NP (NP the firms ') own accounts))))) .)) (TOP (S (NP-SBJ Kidder) (VP made (NP (NP an abrupt about-face) (PP on (NP program trading))) (NP-TMP yesterday) , (PP-TMP after (NP (NP a special meeting) (PP between (NP (NP (NP (NP the firm 's) president and chief executive officer) , (NP Michael Carpenter) ,) and (NP its senior managers)))))) .)) (TOP (S (ADVP-TMP (NP Just a week) ago) , (NP-SBJ Mr. Carpenter) (VP (ADVP-MNR staunchly) defended (NP (NP index arbitrage) (PP-LOC at (NP (NP Kidder) , (NP (NP the (ADJP most active) index-arbitrage trading firm) (PP-LOC on (NP the stock exchange)) (NP-TMP this year)))))) .)) (TOP (S-1 (S (NP-SBJ Index arbitrage) (PRN , (S (NP-SBJ Mr. Carpenter) (VP said (SBAR 0 (S *T*-1)) (NP-TMP last week))) ,) (VP does n't (VP have (NP (NP a `` negative impact) (PP on (NP (NP the market) (PP as (NP a whole)))) '')))) and (S (NP-SBJ (NP Kidder 's) customers) (VP were (ADJP-PRD `` sophisticated '' enough (S (NP-SBJ *) (VP to (VP know (NP that))))))) .)) (TOP (S But (NP-TMP yesterday) , (NP-SBJ Mr. Carpenter) (VP said (SBAR 0 (S (NP-SBJ (NP big institutional investors) , (SBAR (WHNP-2 which) (S (NP-SBJ he) (VP would n't (VP identify (NP *T*-2))))) ,) `` (VP told (NP us) (SBAR 0 (S (NP-SBJ they) (VP would n't (VP do (NP business) (PP-CLR with (NP (NP firms) '' (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP continued (S (NP-SBJ *-3) (VP to (VP do (NP index arbitrage) (PP for (NP their own accounts)))))))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP were (VP following (NP (NP the trend) (PP of (NP (NP our competitors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP were (PP-PRD under (NP (NP pressure) (PP from (NP institutions))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ Kidder) (ADVP-TMP (ADVP so far) (NP this year)) (VP (VP has (VP executed (NP (NP a monthly average) (PP of (NP (QP 37.8 million) shares)) (PP in (NP index-arbitrage trading))))) , and (VP is (ADJP-PRD second only (PP to (NP Morgan Stanley)) (PP-LOC in (NP (NP overall program trading) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP index arbitrage))))))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP (NP Kidder 's) program trading))) (VP is (PP-PRD for (NP its own account)) , (PP according (PP to (NP the New York Stock Exchange)))) .)) (TOP (S (NP-SBJ Kidder) (VP denied (SBAR that (S (NP-SBJ (NP (NP GE 's) chairman and chief executive) , (NP John F. Welch) ,) (VP had (NP (NP anything) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1) (PP with (NP (NP Kidder 's) decision))))))))))) .)) (TOP (S But (S (NP-SBJ (QP at least one) chief executive) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP called (NP Mr. Welch) (S-PRP (NP-SBJ *-1) (VP to (VP complain (PP-CLR about (NP (NP (NP Kidder 's) aggressive use) (PP of (NP program trading)))))))))))) , and (S (NP-SBJ other market sources) (VP said (SBAR 0 (S (NP-SBJ they) (VP understood (SBAR that (S (NP-SBJ Mr. Welch) (VP received (NP (NP many phone calls) (VP complaining (PP-CLR about (NP (NP (NP Kidder 's) reliance) (PP on (NP index arbitrage)) (PP as (NP a major business)))))))))))))) .)) (TOP (S (NP-SBJ Kidder) (VP has (ADVP generally) (VP been (ADJP-PRD sensitive (PP to (NP suggestions (SBAR that (S (NP-SBJ GE) (VP makes (NP decisions) (PP for (NP its Kidder unit)))))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ Our decision) (VP had (NP (NP nothing) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1) (PP with (NP (NP any pressure) (SBAR (WHNP-2 0) (S (NP-SBJ Mr. Welch) (VP received (NP *T*-2))))))))))))) , '' (NP-SBJ Mr. Carpenter) (VP said (S *T*-3)) .)) (TOP (S `` (NP-SBJ This) (VP was (NP-PRD a Kidder Peabody stand-alone decision)) . '')) (TOP (S (NP-SBJ (NP A spokeswoman) (PP for (NP GE)) (PP-LOC in (NP (NP Fairfield) , (NP Conn.) ,))) (VP (VP said , `` (S (NP-SBJ Absolutely no one) (VP spoke (PP-CLR to (NP Jack Welch)) (PP on (NP this subject)))) '') and (VP added , `` (S (NP-SBJ (NP Anyone) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP claims (SBAR 0 (S (NP-SBJ they) (VP talked (PP-CLR to (NP Jack Welch))))))))) (VP is n't (VP telling (NP the truth)))))) . '')) (TOP (S (NP-SBJ (NP Supporters) (PP of (NP index arbitrage))) (VP have n't (VP been (VP (ADVP-MNR publicly) sticking (PRT up) (PP-CLR for (NP the trading strategy)) , (SBAR-ADV as (S (NP-SBJ some) (VP did (PP-TMP during (NP (NP the post-crash outcry) (PP of (NP 1987)))))))))) .)) (TOP (S But (NP-SBJ Merrill Lynch) , (PP-LOC in (NP (NP its statement) (PP about (S-NOM (NP-SBJ *) (VP pulling (PP-CLR out (PP of (NP index arbitrage)))))))) , (VP suggested (SBAR that (S (NP-SBJ the current debate) (VP has (VP missed (NP the mark)))))) .)) (TOP (S (NP-SBJ Merrill) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP continues (S (NP-SBJ *-1) (VP to (VP believe (SBAR that `` (S (NP-SBJ (NP the causes) (PP of (NP excess market volatility))) (VP are (ADJP-PRD (ADJP (ADVP far more) complex) (PP than (NP any particular computer trading strategy))))))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ there) (VP are (NP-PRD (NP legitimate hedging strategies) (VP used (NP *) (PP by (NP-LGS (NP managers) (PP of (NP (NP large portfolios) (PP such as (NP pension funds))))))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP involve (NP (NP program trading) (PP as (NP (NP a means) (PP of (S-NOM (NP-SBJ *) (VP protecting (NP (NP the assets) (PP of (NP their pension beneficiaries)))))))))))))) . '')) (TOP (S (S-TPC-2 (S (NP-SBJ-1 (NP Merrill 's) index arbitragers) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP do (NP (NP other kinds) (PP of (NP computer-assisted program trading))))))))) , so (S (NP-SBJ there) (ADVP probably) (VP wo n't (VP be (NP-PRD any layoffs) (PP-LOC at (NP the firm)))))) , (NP-SBJ (NP people) (ADJP familiar (PP with (NP (NP Merrill 's) program operation)))) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ Bear Stearns Chairman and Chief Executive Alan C. Greenberg) (VP said (SBAR 0 (S (NP-SBJ his firm) (VP will (VP continue (NP stock-index arbitrage) (PP for (NP its clients))))))) .)) (TOP (S (PP-LOC At (NP (NP the firm 's) annual meeting)) (NP-TMP last night) , (NP-SBJ he) (VP told (NP shareholders) (SBAR that (S (NP-SBJ index arbitrage) (VP wo n't (VP go (PRT away) , (PP despite (NP the public outcry))))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ they) (VP think (SBAR 0 (S (NP-SBJ-2 they) (VP are (VP going (S (NP-SBJ-3 *-2) (VP to (VP stop (NP index arbitrage) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP causing (S (NP-SBJ a few Wall Street firms) (VP to (VP quit)))))))))))))))) , (NP-SBJ they) (VP are (ADJP-PRD crazy))) , '' (NP-SBJ Mr. Greenberg) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ-1 It) (VP 's not (VP going (S (NP-SBJ *-1) (VP to (VP stop (NP it) (ADVP at all)))))) . '')) (TOP (S (NP-SBJ-1 Mr. Greenberg) , (S-ADV (NP-SBJ *-1) (VP noting (SBAR that (S (NP-SBJ stock-index arbitrage) (VP rises and ebbs (PP-CLR with (NP (NP stock market 's) volatility))))))) , (VP said (SBAR that (S (PP-TMP for (NP (NP the first four months) (PP of (NP (NP (NP the firm 's) fiscal year) (VP beginning (PP-TMP-CLR in (NP July))))))) , (NP-SBJ stock-index arbitrage) (VP had (VP been (NP-PRD (NP a `` break-even '' proposition) (PP for (NP Bear Stearns)))))))) .)) (TOP (S (PP In (NP (NP response) (PP to (NP (NP a shareholder 's) suggestion)))) , (NP-SBJ Mr. Greenberg) (VP agreed (SBAR that (S (NP-SBJ European firms) (VP will (VP (ADVP simply) pick (PRT up) (NP (NP the index-arbitrage business) (VP left (NP *) (PRT behind) (PP by (NP-LGS U.S. institutions))))))))) .)) (TOP (S (NP-SBJ (NP Pressure) (PP from (NP big institutional investors))) (VP has (VP been (NP-PRD (NP the major catalyst) (PP for (NP (NP Wall Street 's) program-trading pullback))))) .)) (TOP (S And (NP-SBJ there) (VP was (NP-PRD speculation (SBAR *ICH*-2)) (NP-TMP yesterday) (SBAR-2 that (S (NP-SBJ (NP Fidelity Investments) and (NP other large mutual-fund companies)) (VP might (ADVP-TMP soon) (VP follow (NP (NP the lead) (PP of (NP (NP Kemper Corp.) and (NP other institutions))) (PP-LOC in (S-NOM (NP-SBJ *) (VP cutting (PRT off) (NP (NP trading business) (PP to (NP (NP securities firms) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do (NP program trading)))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP A Fidelity spokesman) (PP-LOC in (NP Boston))) (VP denied (NP the speculation) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ the program-trading issue) (VP was (ADJP-PRD more (PP of (NP a regulatory problem))))))))) .)) (TOP (S But (NP-SBJ (NP a (ADJP much smaller) mutual fund company) , (NP (NP (NP the USAA Investment Management Co. unit) (PP of (NP USAA))) , (NP-LOC (NP San Antonio) , (NP Texas) ,))) (VP said (SBAR 0 (S (NP-SBJ it) (VP informed (NP nine national brokerage firms) (SBAR 0 (S (NP-SBJ it) (VP will (VP cease (NP (NP business) (PP with (NP them))) (SBAR-ADV unless (S (NP-SBJ they) (VP stop (NP index-arbitrage trading)))))))))))) .)) (TOP (S (NP-SBJ (NP USAA) , (PP with (NP 400,000 mutual fund accounts)) ,) (VP manages (NP (NP (QP more than $ 10 billion) *U*) , (SBAR (WHNP-1 (WHNP (QP $ 2 billion) *U*) (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP is (PP-LOC-PRD in (NP the stock market))))))) .)) (TOP (S (NP-SBJ (NP Michael J.C. Roth) , (NP USAA executive vice president) ,) (VP called (S (NP-SBJ program trading) `` (ADJP-PRD mindless))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP `` no valid investment reason '') (SBAR (WHADVP-1 0) for (S (NP-SBJ stock-index futures) (VP to (VP exist (ADVP-PRP *T*-1)))))))))) .)) (TOP (S (NP-SBJ A program-bashing move) (VP is (ADVP clearly) (ADVP-PRD on)) .)) (TOP (S (NP-SBJ (NP Charles Wohlstetter) , (NP (NP chairman) (PP of (NP Contel))) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP is (VP helping (VP organize (NP (NP the alliance) (PP of (NP Big Board-listed firms)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP had (NP (NP no time) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP work (ADVP-TMP *T*-3)))))) (NP-TMP yesterday) (SBAR-PRP because (S (NP-SBJ he) (VP received (NP (NP (ADJP so many) phone calls , faxes and letters) (VP supporting (NP his view (SBAR that (S (NP-SBJ-1 the Big Board) (VP has (VP been (VP turned (NP *-1) (PP-CLR into (NP a `` gambling casino '')) (PP by (NP-LGS program traders))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP are (VP reaching (NP (NP the moment) (PP of (NP truth))) '' (PP-LOC on (NP Wall Street))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Rep. Edward J. Markey) (PRN -LRB- (NP D.) , (NP-LOC Mass.) -RRB-) , (NP (NP chairman) (PP of (NP (NP the House subcommittee) (PP on (NP telecommunications and finance)))))) .)) (TOP (S `` -LCB- (NP-SBJ-1 Wall Street) -RCB- (VP is (VP beginning (S (NP-SBJ *-1) (VP to (VP realize (PRN -- (SBAR-ADV as (S (NP-SBJ Shakespeare) (VP said))) --) (SBAR 0 (S (NP-SBJ the trouble) (VP is (PP-LOC-PRD not (PP in (NP our stars)) , but (PP in (NP ourselves))))))))))) . '')) (TOP (S (NP-SBJ (NP Craig Torres) and (NP Anne Newman)) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ-2 An ancient red-figured Greek kylix (PRN , or drinking cup ,)) (VP (VP was (VP recovered (NP *-2) (ADVP-LOC backstage (PP at (NP Sotheby 's))) (NP-TMP this spring))) and (VP has (VP been (VP returned (NP *-2) (PP-CLR to (NP (NP the Manhattan couple) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP lost (NP it) (PP-LOC in (NP a burglary)) (ADVP-TMP (NP three years) ago)))))))))) .)) (TOP (S (NP-SBJ (NP Robert Guy) , (NP (NP an associate curator) (PP-LOC at (NP the Princeton Art Museum))) ,) (VP was (VP previewing (NP (NP a June antiquities sale) (PP-LOC at (NP the auction house))) (SBAR (WHADVP-2 when) (S (NP-SBJ he) (VP recognized (NP (NP the kylix) , (SBAR (WHNP-3 which) (S (NP-SBJ he) , (PP as (NP (NP (NP a specialist) (PP in (NP Attic pottery))) and (NP (NP a careful reader) (PP of (NP (NP the Stolen Art Alert) (PP-LOC in `` (NP IFAR Reports))))))) , '' (VP knew (SBAR 0 (S (NP-SBJ-1 *T*-3) (VP was (VP stolen (NP *-1))))))))) (ADVP-TMP *T*-2)))))) .)) (TOP (S (S (NP-SBJ (NP The timing) (PP of (NP his visit))) (VP was (ADJP-PRD fortuitous))) ; (S (NP-SBJ-2 (NP the man) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP brought (NP it) (ADVP-DIR in) (PP for (NP an estimate))))))) (VP (VP had (VP returned (S-PRP (NP-SBJ *-2) (VP to (VP collect (NP it)))))) and (VP was (VP waiting (PP-LOC in (NP the hall)))))) .)) (TOP (S (S (S-PRP (NP-SBJ *-3) (VP To (VP confirm (NP (NP Mr. Guy 's) identification)))) , (NP-SBJ-3 (NP Sotheby 's) and (NP IFAR)) (VP exchanged (NP photos) (PP-MNR by (NP fax)))) , and (S (NP-SBJ-2 the waiting man) , (S-ADV (NP-SBJ *-2) (ADJP-PRD apparently innocent (PP of (NP knowledge (SBAR that (S (NP-SBJ-1 the kylix) (VP was (VP stolen (NP *-1))))))))) , (VP agreed (S (NP-SBJ *-2) (VP to (VP release (NP it)))))) .)) (TOP (S (S (NP-SBJ-1 The cup) (VP had (VP been (VP insured (NP *-1))))) , and (S (PP-TMP in (NP short order)) (NP-SBJ-2 it) (VP was (VP given (PRT over) (NP *-2) (PP-CLR to (NP a Chubb & Son representative))))) .)) (TOP (S (NP-SBJ The original owners) (VP (VP (ADVP-MNR happily) repaid (NP the claim)) and (VP took (NP their kylix) (ADVP-DIR home))) .)) (TOP (S (NP-SBJ-1 (NP A former curator) (PP of (NP (NP the Museum) (PP of (NP Cartoon Art)) (PP-LOC in (NP (NP Rye Brook) , (NP N.Y.) ,))))) (VP pleaded (NP guilty) (PP-TMP in (NP July)) (PP-CLR to (S-NOM (NP-SBJ *-1) (VP stealing and selling (NP (NP original (ADJP signed and dated) comic strips) (PRN , (PP among (NP them)) (NP (NP (NP (NP 29 Dick Tracy strips) (PP by (NP-LGS Chester Gould))) , (NP (NP 77 Prince Valiant Sunday cartoons) (PP by (NP-LGS Hal Foster))) , and (NP a dozen Walt Disney animation celluloids))) , (PP according (PP to (NP (NP Barbara Hammond) , (NP (NP the museum 's) director)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 He) (VP sold (NP them) (PP-CLR (ADVP well) below (NP market value)) (S-PRP (NP-SBJ-3 *-2) (VP to (VP raise (NP cash) `` (S-PRP (NP-SBJ *-3) (VP to (VP pay (PRT off) (NP (NP mounting credit-card debts) , '' (VP incurred (NP *) (S-PRP (NP-SBJ *) (VP to (VP buy (NP presents) (PP-BNF for (NP his girlfriend))))))))))))))) , (NP-SBJ (NP his attorney) , (NP Philip Russell) ,) (VP told (NP IFAR) (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The curator) , (NP (NP 27-year-old Sherman Krisher) (PP of (NP (NP Greenwich) , (NP Conn.) ,)))) (VP had (VP worked (NP his way) (PP-CLR up (PP from (NP janitor))) (PP-TMP in (NP (NP seven years) (PP-LOC at (NP the museum)))))) .)) (TOP (S (NP-SBJ-1 The theft) (VP was (VP discovered (NP *-1) (NP-TMP early this year) , (SBAR-TMP soon after (S (NP-SBJ Ms. Hammond) (VP took (NP her post)))))) .)) (TOP (S (NP-SBJ-1 Sentencing) (VP was (VP postponed (NP *-1) (PP-TMP-CLR on (NP Aug. 18)) , (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-2 Mr. Krisher) (VP was (VP hospitalized (NP *-2) (PP for (NP depression)) (ADVP-TMP *T*-3))))))) .)) (TOP (S (NP-SBJ His efforts (S (NP-SBJ *) (VP to (VP get (PRT back) (NP the stolen strips))))) (VP had (VP resulted (PP-CLR in (NP (NP recovery) (PP of (NP just three)))))) .)) (TOP (S But (PP-TMP on (NP Oct. 6)) , (NP-SBJ he) (VP had (NP (NP reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP celebrate (ADVP-PRP *T*-1))))))) .)) (TOP (S (ADVP-TMP (NP Two days) earlier) , (NP-SBJ his attorney) (VP met (PP-LOC in (NP a Park Avenue law office)) (PP-CLR with (NP (NP a cartoon dealer) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP expected (S (NP-SBJ *-2) (VP to (VP sell (NP (NP 44) (PP of (NP the (ADJP most important) stolen strips))) (PP-DTV to (NP Mr. Russell)) (PP-CLR for (NP $ 62,800 *U*))))))))))) .)) (TOP (S (S (ADVP Instead) , (NP-SBJ New York City police) (VP seized (NP the stolen goods))) , and (S (NP-SBJ Mr. Krisher) (VP avoided (NP jail))) .)) (TOP (S (NP-SBJ-1 He) (VP was (VP sentenced (NP *-1) (PP-CLR to (NP (NP (NP 500 hours) (PP of (NP community service))) and (NP (NP restitution) (PP to (NP (NP the museum) (PP of (NP $ 45,000 *U*))))))))) .)) (TOP (S (NP-SBJ (NP Authorities) (PP-LOC at (NP (NP London 's) Heathrow Airport))) (VP are (VP investigating (NP (NP the disappearance) (PP of (NP (NP a Paul Gauguin watercolor) , `` (NP-TTL (NP Young Tahitian Woman) (PP-LOC in (NP a Red Pareo))) , '' (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (NP two sketches) (PP-LOC on (NP its verso (PRN -LRB- opposite -RRB-) side)))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Valued (NP *-1) (PP-CLR at (NP (QP $ 1.3 million) *U*)))) , (NP-SBJ-2 it) (VP was (NP-PRD (NP part) (PP of (NP a four-crate shipment)))) .)) (TOP (S (S (S (NP-SBJ-1 The air-waybill number) (VP was (VP changed (NP *-1) (ADVP-LOC en route)))) , and (S (NP-SBJ-2 (NP paper work) (VP showing (SBAR that (S (NP-SBJ the crates) (VP had (VP cleared (NP customs))))))) (VP was (VP misplaced (NP *-2))))) , so (S (NP-SBJ it) (VP was (NP-PRD a week) (SBAR-TMP before (S (S (NP-SBJ-3 (NP three) (PP of (NP the four crates))) (VP could (VP be (VP-4 located (NP *-3) (PP-LOC in (NP a bonded warehouse)))))) and (S (NP-SBJ=3-5 the Gauguin) (VP=4 discovered (S (NP-SBJ *-5) (ADJP-PRD missing)))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Heathrow authorities) (VP have (VP been (VP watching (NP (NP a group) (PP of (NP (ADJP allegedly crooked) baggage handlers))) (PP-TMP for (NP some time))))))) , (NP-SBJ the Gauguin) (VP may (VP be `` (ADJP-PRD lost))) . '')) (TOP (S (NP-SBJ (NP Chief Inspector Peter Seacomb) (PP of (NP (NP the Criminal Investigation Department) (PP-LOC at (NP the airport))))) (VP said , `` (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is not (ADJP-PRD uncommon) (SBAR-1 for (S (NP-SBJ-2 property) (VP to (VP be (ADVP-TMP temporarily) (VP mislaid or misrouted (NP *-2))))))))) . '')) (TOP (S (NP-SBJ (NP Officials) (PP-LOC at (NP (NP the University) (PP of (NP Virginia Art Museum))))) (ADVP certainly) (VP would (VP agree)) .)) (TOP (S (NP-SBJ Their museum) (VP had (VP (VP purchased (NP an Attic black-figured column krater)) and (VP shipped (NP it) (PP-DIR from (NP London))))) .)) (TOP (S (NP-SBJ-1 It) (VP was (VP reported (S (NP-SBJ *-1) (VP stolen (PP-LOC in (NP transit)) (ADVP-LOC en route (PP to (NP (NP Washington) , (NP D.C.) ,))))) (PP-TMP in (NP February)))) .)) (TOP (S (ADVP-TMP (NP Months) later) , (NP-SBJ-1 the Greek vase) (VP arrived (PP-MNR in (NP good condition)) (PP-LOC at (NP (NP the museum) (PP-LOC in (NP Charlottesville)))) , (S-ADV (NP-SBJ *-1) (VP having (VP (ADVP inexplicably) traveled (PP by (NP a circuitous route)) (PP through (NP Nairobi)))))) .)) (TOP (S (NP-SBJ-1 (NP Two Mexican college dropouts) , not (NP professional art thieves) ,) (VP have (VP been (VP arrested (NP *-1) (PP-CLR for (NP (NP a 1985 Christmas Eve burglary) (PP from (NP (NP the National Museum) (PP of (NP Anthropology)) (PP-LOC in (NP Mexico City))))))))) .)) (TOP (S (NP-SBJ-1 (NP (QP About 140) (ADJP Mayan , Aztec , Mixtec and Zapotec) objects) , (PP including (NP (NP some) (PP of (NP (NP Mexico 's) best-known archaeological treasures)))) ,) (VP were (VP taken (NP *-1))) .)) (TOP (S (S (NP-SBJ The government) (VP offered (NP (NP a reward) (PP for (NP (NP the return) (PP of (NP the antiquities))))))) , but (S (NP-SBJ routine police work) (VP led (PP-CLR to (NP the recovery)))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ it) (VP turned (PRT out)))) , (NP-SBJ (NP Carlos Perches Trevino) and (NP Ramon Sardina Garcia)) (VP had (VP hidden (NP the haul) (PP-LOC in (NP (NP a closet) (PP-LOC in (NP (NP the Perches family 's) home)))) (PP-TMP for (NP a year)))) .)) (TOP (S (ADVP-TMP Then) (NP-SBJ-1 they) (VP (VP took (NP the art) (PP-DIR to (NP Acapulco))) and (VP began (S (NP-SBJ *-1) (VP to (VP trade (NP (NP some) (PP of (NP it))) (PP-CLR for (NP cocaine))))))) .)) (TOP (S (NP-SBJ (NP Information) (PP from (NP an arrested drug trafficker))) (VP led (PP-DIR to (NP (NP the two men) and (NP (NP the recovery) (PP of (NP almost all the stolen art)))))) .)) (TOP (S (PP Among (NP (NP other happy news bulletins) (PP from (NP the German Democratic Republic)))) , (NP-SBJ (NP the Leipzig Museum) (PP of (NP Fine Arts))) (VP announced (SBAR that (S (NP-SBJ it) (VP has (VP recovered (NP `` (NP-TTL (NP Cemetery) (PP-LOC in (NP the Snow))) , '' (NP (NP a painting) (PP by (NP-LGS the German Romantic painter Caspar David Friedrich))))))))) .)) (TOP (S (S (NP-SBJ (NP The artist 's) melancholy subjects) (VP bring (NP high prices) (PP-LOC on (NP the world market)))) , and (S (NP-SBJ the U.S. State Department) (VP notified (NP IFAR) (PP-CLR of (NP the theft)) (PP-TMP in (NP February 1988)))) .)) (TOP (S (PP According (PP to (NP (NP a source) (PP-LOC at (NP the East Europe desk))))) , (NP-SBJ-1 two (ADJP previously convicted) felons) (VP were (VP (VP charged (NP *-1)) , (VP tried (NP *-1)) , (VP convicted (NP *-1)) and (VP sentenced (NP *-1) (PP-CLR to (NP (NP prison terms) (PP of (NP four and 12 years))))))) .)) (TOP (S (NP-SBJ-1 (NP The precious canvas) , (VP cut (NP *) (PP-CLR from (NP its frame)) (PP-TMP at (NP (NP the time) (PP of (NP the theft))))) ,) (VP was (VP found (NP *-1) (PP-LOC in (NP nearby Jena)) , (S-ADV (NP-SBJ-2 *-1) (VP hidden (NP *-2) (PP-LOC in (NP (NP the upholstery) (PP of (NP an easy chair)))) (PP-LOC in (NP (NP the home) (PP of (NP (NP the girlfriend) (PP of (NP (NP one) (PP of (NP the thieves)))))))))))) .)) (TOP (S (NP-SBJ-1 No charges) (VP were (VP brought (NP *-1) (PP-CLR against (NP her)))) .)) (TOP (S (S (NP-SBJ-1 Trompe l'oeil painting) (VP is (VP meant (S (NP-SBJ *-1) (VP to (VP fool (NP the eye))))))) , but (S (NP-SBJ (NP Robert Lawrence Trotter) , (NP 35) , (PP of (NP (NP Kennett Square) , (NP Pa.) ,))) (VP took (NP his fooling) (ADVP-MNR seriously))) .)) (TOP (S (NP-SBJ He) (VP (VP painted (NP one) (NP-ADV himself) (PP-MNR in (NP (NP the style) (PP of (NP John Haberle))))) and (VP sold (NP it) (PP-MNR as (NP a 19th-century original)) (PP-DTV to (NP (NP antique dealers) (PP-LOC in (NP (NP Woodbridge) , (NP Conn))))))) .)) (TOP (S (S (NP-SBJ (NP Mr. Trotter 's) painting) (VP showed (NP (NP a wall) (PP of (NP wood boards)) (PP with (NP (NP painted ribbons) (VP tacked (PRT down) (PP in (NP a rectangle)))))))) ; (SINV (VP-TPC-1 tucked (NP *-2) (PP-LOC behind (NP the ribbons))) (VP were (VP *T*-1)) (NP-SBJ-2 (NP envelopes) , (NP (ADJP folded , faded and crumpled) papers) and (NP currency))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Trotter 's) fake Haberle) (VP was (VP offered (NP *-1) (PP-CLR at (NP (NP a bargain price) (PP of (NP $ 25,000 *U*)))) (PP with (NP a phony story (SBAR that (S (NP-SBJ it) (VP belonged (PP-CLR to (NP (NP (NP his wife 's) late aunt) (PP-LOC in (NP (NP New Canaan) , (NP Conn)))))))))))) .)) (TOP (S (NP-SBJ-1 The dealers) (VP (VP (ADVP-TMP immediately) showed (NP their new acquisition) (PP-DTV to (NP an expert))) and (VP came (S (NP-SBJ *-1) (VP to (VP see (NP it) (PP-CLR as (NP a fake))))))) .)) (TOP (S (NP-SBJ They) (VP (VP persuaded (NP-1 Mr. Trotter) (S (NP-SBJ *-1) (VP to (VP take (NP it) (PRT back))))) and , (VP (PP with (NP (NP the help) (PP of (NP the FBI)))) , taped (NP (NP their conversation) (PP with (NP him))))) .)) (TOP (S (PP-TMP After (NP his arrest)) , (NP-SBJ-1 the forger) (VP admitted (PP-CLR to (S-NOM (NP-SBJ *-1) (VP faking and selling (NP other paintings) (PP-LOC up and down (NP the Eastern seaboard)))))) .)) (TOP (S (NP-SBJ Ms. Lowenthal) (VP is (NP-PRD (NP executive director) (PP of (NP (NP (NP the International Foundation) (PP for (NP Art Research))) (PRN -LRB- (NP IFAR) -RRB-))))) .)) (TOP (S (NP-SBJ Ford Motor Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP recalling (NP (NP (QP about 3,600)) (PP of (NP its 1990-model Escorts))) (SBAR-PRP because (S (NP-SBJ-1 the windshield adhesive) (VP was (VP (ADVP-MNR improperly) applied (NP *-1) (PP-CLR to (NP some cars))))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ (NP Ford) and (NP (NP Mazda Motor Corp. 's) U.S. sales arm)) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP are (VP recalling (NP (NP (NP (QP about 88,500) 1988-model Mercury Tracers) and (NP 220,000 1986 , 1987 and 1988 model Mazda 323s)) (VP equipped (NP *) (PP-CLR with (NP 1.6-liter fuel-injected engines)))) (S-PRP (NP-SBJ *-1) (VP to (VP replace (NP the oil filler cap))))))))) .)) (TOP (S (NP-SBJ Mazda) (VP makes (NP the Tracer) (PP for (NP Ford))) .)) (TOP (S (S-TPC-1 (PP As (NP (NP a result) (PP of (NP (NP the adhesive problem) (PP on (NP the Ford Escort subcompacts)))))) , (NP-SBJ windshields) (VP may (VP (ADVP-MNR easily) separate (PP-CLR from (NP the car)) (PP-TMP during (NP frontal impact))))) , (NP-SBJ the U.S. auto maker) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ-3 *-2) (VP (ADVP-MNR properly) applied (NP *-3) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 the adhesive) (VP is (VP designed (S (NP-SBJ *-2) (VP to (VP retain (NP the windshield) (PP-LOC-CLR in (NP place)) (PP-LOC in (NP (NP a crash test) (PP at (NP (NP 30 miles) (PP per (NP hour))))))))))) .)) (TOP (S (NP-SBJ A Ford spokesman) (VP said (SBAR 0 (S (NP-SBJ the (NAC-LOC Dearborn , Mich. ,) auto maker) (VP is n't (ADJP-PRD aware (PP of (NP (NP any injuries) (VP caused (NP *) (PP by (NP-LGS the windshield problem)))))))))) .)) (TOP (S (NP-SBJ Ford) (VP said (SBAR 0 (S (S (NP-SBJ owners) (VP should (VP return (NP the cars) (PP-CLR to (NP dealers))))) so (S (NP-SBJ-1 the windshields) (VP can (VP be (VP (VP removed (NP *-1)) and (VP (ADVP-MNR securely) reinstalled (NP *-1))))))))) .)) (TOP (S (NP-SBJ Mazda and Ford) (VP said (SBAR 0 (S (NP-SBJ (NP a combination) (PP of (NP (NP limited crankcase ventilation) and (NP improper maintenance)))) (VP could (VP cause (S (NP-SBJ (NP engine oil) (PP-LOC in (NP (NP some) (PP of (NP (NP the Mercury Tracers) and (NP Mazda 323s)))))) (VP to (VP deteriorate (ADVP-MNR (ADVP more rapidly) (PP than (ADJP normal))) , (S-ADV (NP-SBJ *) (VP causing (NP (NP increased engine noise) or (NP reduced engine life)))))))))))) .)) (TOP (S (NP-SBJ They) (VP said (SBAR 0 (S (NP-SBJ the problems) (VP are n't (ADJP-PRD safety related))))) .)) (TOP (S (NP-SBJ Both companies) (VP will (VP replace (NP the oil filler cap) (PP-CLR with (NP a ventilated oil filler cap)))) .)) (TOP (S (NP-SBJ Both) (ADVP also) (VP will (VP inspect and replace (PRN , (SBAR-ADV if (FRAG (ADJP necessary))) ,) (NP (NP oil filters) and (NP oil strainers)) , (PP at (NP (NP no charge) (PP to (NP owners)))))) .)) (TOP (S (PP For (NP (NP owners) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP followed (NP the recommended oil maintenance schedule))))))) , (NP-SBJ Mazda) (VP will (VP extend (PP-CLR to (NP (NP five years) or (NP 60,000 miles))) (NP (NP the warranty term) (PP for (NP (NP engine damage) (ADJP due (PP to (NP abnormal engine oil deterioration)))))))) .)) (TOP (S (S (NP-SBJ (NP The normal term) (PP for (NP the 1986 and 1987 model 323))) (VP is (NP-PRD (NP two years) or (NP 24,000 miles)))) ; (S (NP-SBJ (NP the term) (PP for (NP the 1988 323))) (VP is (NP-PRD (NP three years) or (NP 50,000 miles)))) .)) (TOP (S (NP-SBJ Ford) (VP said (SBAR 0 (S (NP-SBJ (NP the term) (PP on (NP its warranty))) (VP is (ADVP already) (NP-PRD (NP six years) or (NP 60,000 miles)))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ Ford) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP offer (NP (ADJP $ 750 *U*) cash rebates ) (PP-DTV to (NP (NP buyers) (PP of (NP its 1990-model Ford Bronco sport utility vehicle))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (ADVP also) (VP offer (NP buyers) (NP (NP the option) (PP of (NP (NP financing) (ADJP (ADJP as low) (PP as (NP 6.9 %))) (PP on (NP 24-month loans)))))))))) .)) (TOP (S (NP-SBJ Ford) (ADVP also) (VP offered (NP the low financing rate option) (PP-CLR on (NP (NP 1989-model Broncos) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP previously) (VP carried (NP a (ADJP $ 750 *U*) cash discount ))))))) .)) (TOP (S (NP-SBJ Ford) (VP said (SBAR 0 (S (NP-SBJ the new offer) (VP will (VP (VP begin (NP-TMP-CLR Saturday)) and (VP run (ADVP-TMP indefinitely))))))) .)) (TOP (S (NP-SBJ-1 The Supreme Court) (VP agreed (S (NP-SBJ *-1) (VP to (VP decide (SBAR whether (S (NP-SBJ the federal Pension Benefit Guaranty Corp.) (VP may (VP require (S (NP-SBJ LTV Corp.) (VP to (VP reassume (NP (NP funding responsibility) (PP for (NP (NP a (ADJP (QP $ 2.3 billion) *U*) shortfall) (PP-LOC in (NP (NP the company 's) pension plans)))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP The high court 's) decision) , (VP expected (NP *) (NP-TMP next spring)) ,) (VP may (VP affect (NP (NP the stability) (PP of (NP (NP many large corporate pension plans) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP relied (PP-CLR on (NP (NP the availability) (PP of (NP (NP pension insurance) (VP provided (NP *) (PP by (NP-LGS the federal pension (UCP regulatory and insurance) agency)))))))))))))))) .)) (TOP (S (NP-SBJ (NP The agency) , (SBAR (WHNP-3 which) (S (NP-SBJ-1 *T*-3) (VP is (VP funded (NP *-1) (PP-MNR through (NP (NP insurance premiums) (PP from (NP employers)))))))) ,) (VP insures (NP pension benefits) (PP for (NP (NP some 30 million private-sector workers) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP take (NP (NP part) (PP in (NP single-employer pension plans))))))))) .)) (TOP (S (NP-SBJ It) (ADVP-TMP recently) (VP reported (NP (NP (NP assets) (PP of (NP (QP $ 2.4 billion) *U*))) and (NP (NP liabilities) (PP of (NP (QP $ 4 billion) *U*))))) .)) (TOP (S (PP-LOC In (NP (NP its appeal) (PP to (NP the high court)))) , (NP-SBJ the agency) (VP said (S (NP-SBJ-2 (NP the federal appeals court ruling) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP favored (NP LTV)))) ,) (VP threatened (S (NP-SBJ *-2) (VP to (VP transform (NP the agency) (PP-CLR from (NP (NP an insurer) (PP of (NP troubled pension plans)))) (PP-CLR into (NP (NP an `` open-ended source) (PP of (NP industry bailouts)))))))))) . '')) (TOP (S (NP-SBJ The ruling) (ADVP also) (VP may (VP determine (SBAR (WHADVP-1 how quickly) (S (NP-SBJ-2 LTV) (VP is (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP complete (NP its Chapter 11 reorganization) (ADVP-MNR *T*-1)))))))))) .)) (TOP (S (NP-SBJ LTV) (VP filed (PP-CLR for (NP (NP protection) (PP-LOC under (NP Chapter 11)))) (PP-LOC in (NP federal bankruptcy court)) (PP-TMP in (NP 1986))) .)) (TOP (S (NP-SBJ The filing) (VP was (ADVP partly) (NP-PRD (NP the result) (PP of (NP (NP the (ADJP (QP $ 2.3 billion) *U*) shortfall) (PP in (NP (NP (NP LTV 's) three pension plans) (VP operated (NP *) (PP for (NP (NP its LTV Steel Co. subsidiary 's) employees))))))))) .)) (TOP (S (PP-TMP In (NP January 1987)) , (SBAR-ADV as (S (NP-SBJ-1 LTV Steel) (VP continued (VP operating (SBAR-TMP while (S (NP-SBJ *-1) (PP-PRD under (NP reorganization)))))))) , (NP-SBJ-2 the agency) (VP terminated (NP the three LTV pension plans) (S-PRP (NP-SBJ *-2) (VP to (VP keep (NP-3 its insurance liability) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP increasing))))))) .)) (TOP (S (NP-SBJ Termination) (VP means (SBAR that (S (S (NP-SBJ (NP the agency 's) insurance) (VP (VP assumes (NP the liabilities)) and (VP pays (NP (NP the pension benefits) (VP (ADVP already) owed (NP *) (PP-LOC under (NP the plans))))))) , but (S (NP-SBJ workers) (VP do n't (VP accrue (NP new benefits))))))) .)) (TOP (S (ADVP-TMP (NP A few months) later) , (PP under (NP (NP pressure) (PP from (NP (NP the United Steelworkers) (PP of (NP America)))))) , (NP-SBJ LTV) (VP instituted (NP (NP a new program) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP provide (NP (NP retirement benefits) (ADJP similar (PP to (NP (NP those) (PP-LOC in (NP the terminated plans)))))))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ the federal pension agency) (VP had (VP taken (PRT over) (NP the old plans))))) , (NP-SBJ LTV) (VP would (VP be (ADJP-PRD responsible only (PP for (NP (NP benefits) (VP paid (NP *) (PP-LOC under (NP the new pension plans)))))))) .)) (TOP (S But (NP-SBJ the agency) (VP viewed (NP (NP the creation) (PP of (NP the new plans))) (PP-CLR as (NP (NP (NP an abuse) (PP of (NP federal pension law))) and (NP an attempt (S (NP-SBJ *) (VP to (VP transfer (NP (NP the liability) (PP of (NP the (ADJP (QP $ 2.3 billion) *U*) shortfall ))) (PP-DIR from (NP LTV)) (PP-DIR to (NP federal insurance))))))))) .)) (TOP (S (NP-SBJ The agency) (ADVP also) (VP concluded (SBAR that (S (NP-SBJ (NP LTV 's) financial status) (VP had (VP improved (SBAR-TMP while (S (NP-SBJ it) (VP was (PP-PRD under (NP reorganization)))))))))) .)) (TOP (S (PP-TMP In (NP September 1987)) , (NP-SBJ it) (VP ordered (NP-1 LTV) (S (NP-SBJ *-1) (VP to (VP reassume (NP (NP liability and funding) (PP for (NP the three original plans))))))) .)) (TOP (S (S (NP-SBJ LTV) (VP challenged (NP the order))) , and (S (NP-SBJ (NP a federal district court) (PP-LOC in (NP New York))) (PP-TMP in (NP June 1988)) (VP ruled (SBAR that (S (NP-SBJ the agency) (VP (ADVP-MNR improperly) ordered (NP-1 LTV) (S (NP-SBJ *-1) (VP to (VP reassume (NP (NP responsibility) (PP for (NP the plans))))))))))) .)) (TOP (S (PP-TMP In (NP May)) , (NP-SBJ (NP a federal appeals court) (PP-LOC in (NP New York))) (VP agreed (SBAR that (S (NP-SBJ the agency) (VP acted (ADVP-MNR unlawfully))))) .)) (TOP (S (NP-SBJ The appeals court) (VP said (SBAR 0 (S (NP-SBJ there) (VP was (NP-PRD no evidence (SBAR that (S (NP-SBJ-1 Congress) (VP intended (S (NP-SBJ *-1) (VP to (VP allow (S (NP-SBJ the pension agency) (VP to (VP consider (NP (NP (NP a company 's) creation) (PP of (NP new benefit plans))) (PP-CLR as (NP (NP a basis) (PP for (S-NOM (NP-SBJ *) (VP ordering (NP-2 that company) (S (NP-SBJ *-2) (VP to (VP reassume (NP (NP liability) (PP for (NP old plans))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ The appeals court) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 the agency) (VP had (S (NP-SBJ *-1) (VP to (VP consider (NP (NP (NP a company 's) long-term ability (S (NP-SBJ *) (VP to (VP fund (NP pension plans))))) , not just (NP short-term improved financial status))))))))) .)) (TOP (S (PP-LOC In (NP Dallas)) , (NP-SBJ LTV) (VP said (SBAR that (S (NP-SBJ-1 it) (VP was (VP disappointed (NP *-1) (SBAR that (S (NP-SBJ-2 the court) (VP agreed (S (NP-SBJ *-2) (VP to (VP hear (NP the case))))))) (SBAR-PRP because (S (NP-SBJ it) (VP believes (SBAR 0 (S (NP-SBJ the move) (VP will (ADVP further) (VP delay (NP its Chapter 11 proceedings))))))))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP has n't (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP come (PRT up) (PP-CLR with (NP a reorganization plan)))))) , (PP in (NP part)) , (PP-PRP because of (NP (NP the sizable disagreement) (PP with (NP the pension agency)))))) .)) (TOP (S But (NP-SBJ (NP LTV) , (NP a steel , aerospace and energy concern) ,) (VP (VP said (SBAR 0 (S (NP-SBJ it) (VP is (ADJP-PRD confident (SBAR that (S (NP-SBJ the Supreme Court) (VP will (VP uphold (NP the lower-court decisions)))))))))) and (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP expects (S (NP-SBJ *-2) (VP to (VP continue (NP (NP discussions) (PP with (NP the agency)) (PP about (NP a settlement))) (SBAR-TMP while (S (NP-SBJ-1 the case) (VP is (VP being (VP reviewed (NP *-1)))))))))))))) .)) (TOP (NP -LRB- (NP Pension Benefit Guaranty Corp.) (PP vs. (NP LTV Corp)) .)) (TOP (S (NP-SBJ The commercial) (VP was (ADJP-PRD absolutely silent)) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Breaking (PP-CLR into (NP the raucous Chicago Bears-Cleveland Browns match)) (PP-TMP during (NP (NP last week 's) Monday night football game)))) , (NP-SBJ it) (VP was (NP-PRD (NP nothing) (PP but (NP (NP simple block letters) (VP superimposed (NP *) (PP-LOC on (NP the TV screen))))))) .)) (TOP (S `` (PP-PRP Due to (NP (NP the earthquake) (PP-LOC in (NP San Francisco)))) , (NP-SBJ-1 Nissan) (VP is (VP donating (NP its commercial air time) (S-PRP (NP-SBJ *-1) (VP to (VP broadcast (NP American Red Cross Emergency Relief messages)))))) .)) (TOP (S (S-TPC-2 (INTJ Please) (NP-SBJ *) (VP contribute (SBAR-NOM (WHNP-1 what) (S (NP-SBJ you) (VP can (VP *?* (NP *T*-1))))))) , '' (NP-SBJ the ad) (VP said (S *T*-2)) .)) (TOP (S (S (NP-SBJ The Nissan logo) (VP flashed (PP-LOC on (NP the screen)) (PP-TMP for (NP a moment)))) , and (SINV (ADVP-TMP then) came (NP-SBJ-2 (NP a taped plea) (PP for (NP donations)) (PP from (NP former President Reagan))) -- (S-ADV (NP-SBJ-3 *-2) (VP followed (NP *-3) (PP by (NP-LGS (NP the silent print) (VP telling (NP viewers) (SBAR (WHADVP-1 where) (S (NP-SBJ *) (VP to (VP call (ADVP-LOC *T*-1))))))))))) .)) (TOP (S (PP-TMP Within (NP two hours)) , (NP-SBJ viewers) (VP pledged (NP (QP over $ 400,000) *U*) , (PP according (PP to (NP a Red Cross executive)))) .)) (TOP (S (NP-SBJ *) (VP Call (S (NP-SBJ it) (NP-PRD disaster marketing))) .)) (TOP (S (NP-SBJ Nissan Motor) (VP is (NP-PRD (NP (QP just one)) (PP of (NP (NP a slew) (PP of (NP (NP advertisers) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP hitched (NP their ads) (PP-CLR to (NP (NP the devastating San Francisco quake) and (NP Hurricane Hugo))))))))))))) .)) (TOP (S (S (ADVP-TMP Sometimes) , (NP-SBJ-1 the ads) (VP attempt (S (NP-SBJ *-1) (VP to (VP raise (NP money)))))) ; (S (ADVP-TMP always) , (NP-SBJ-2 they) (VP try (S (NP-SBJ *-2) (VP to (VP boost (NP good will)))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP advertising (NP disaster relief)))) , (NP-SBJ-1 these companies) (VP are (VP hoping (S (NP-SBJ *-1) (VP to (VP (VP don (NP a white hat)) and (VP come (PRT out) (NP a hero))))))) .)) (TOP (S (S But (NP-SBJ the strategy) (VP can (VP backfire))) ; (S (SBAR-ADV if (S (NP-SBJ the ads) (VP appear (ADJP-PRD too self-serving)))) , (NP-SBJ-1 the companies) (VP may (VP end (PRT up) (S (NP-SBJ *-1) (VP looking (PP-CLR like (NP (NP rank opportunists) (PP instead of (NP good Samaritans))))))))) .)) (TOP (S (NP-SBJ That) (VP has n't (VP deterred (NP (NP plenty) (PP of (NP companies))))) .)) (TOP (S (ADVP Along (PP with (NP Nissan))) , (NP-SBJ (NP (NP Grand Metropolitan PLC 's) Burger King) and (NP New York Life Insurance)) (VP have (VP tied (NP ads) (PP-CLR to (NP Red Cross donations)))) .)) (TOP (S (S (NP-SBJ Other ads) (VP do n't (VP bother (PP-CLR with (NP the fundraising))))) ; (S (NP-SBJ (NP a touching (PRN , (SBAR-ADV if (FRAG (ADJP self-congratulatory))) ,) American Telephone & Telegraph ad) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP aired (NP-TMP Sunday))))) (VP intermixed (NP (NP footage) (PP of (NP (NP the devastation) (PP-LOC in (NP (NP San Francisco) and (NP (NP Charleston) , (NP S.C.) ,)))))) (PP-CLR with (NP (NP interviews) (PP of (NP (NP people) (VP recounting (SBAR (WHADVP-2 how) (S (NP-SBJ AT&T) (VP helped (ADVP-MNR *T*-2))))))))))) .)) (TOP (SINV (S-TPC-1 (PP-LOC At (NP Nissan)) , `` (S (NP-SBJ we) (VP felt (SBAR 0 (S (NP-SBJ-2 we) (VP wanted (S (NP-SBJ-3 *-2) (VP to (VP do (NP something) (S-PRP (NP-SBJ *-3) (VP to (VP help (S (NP-SBJ them) (VP gather (NP money)))))))))))))) , and (S (NP-SBJ we) (VP had (NP (NP this airtime) (PP-LOC on (NP Monday Night Football))))) , '') (VP explains (SBAR 0 (S *T*-1))) (NP-SBJ (NP Brooke Mitzel) , (NP a Nissan advertising creative manager)) .)) (TOP (SBARQ `` (WHNP-1 What) (SQ did (NP-SBJ we) (VP get (NP *T*-1) (PP-CLR out (PP of (NP it))))) ?)) (TOP (S (NP-SBJ We) (VP got (NP (NP some exposure) ... and (NP (ADJP pretty much) good will))) . '')) (TOP (S (NP-SBJ The ads) (VP are (ADVP just) (NP-PRD (NP the latest evidence) (PP of (SBAR (WHADVP-1 how) (S (NP-SBJ television advertising) (VP is (VP getting (ADJP-PRD faster (PP on (NP the draw))) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ TV commercials) (ADVP typically) (VP take (NP weeks) (S (NP-SBJ *) (VP to (VP produce (NP *?*))))))) , (NP-SBJ-1 advertisers) (PP-TMP in (NP (NP the past couple) (PP of (NP years)))) (VP have (VP learned (S (NP-SBJ-2 *-1) (VP to (VP turn (PP-CLR on (NP a dime)) , (S-PRP (NP-SBJ *-2) (VP to (VP crash (PRT out) (NP ads) (PP-TMP in (NP (NP days) or even (NP hours))))))))))) .)) (TOP (S (NP-SBJ The big brokerage houses) (VP learned (NP (NP the art) (PP of (NP the instant commercial))) (PP-TMP after (NP the 1987 crash)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP turned (PRT out) (NP (NP reassuring ads) (VP inviting (NP investors) (ADVP-CLR right back (PP into (NP the stock market))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ They) (VP trotted (PRT out) (NP (NP another crop) (PP of (NP instant commercials))) (PP-TMP after (NP the sudden market dip)) (ADVP-TMP (NP a few weeks) ago)) .)) (TOP (S (NP-SBJ Nissan) (VP created (NP its quake ad) (PP-TMP in (NP a weekend))) .)) (TOP (S But (SBAR-ADV as (S (NP-SBJ advertisers) (VP latch (PP-CLR onto (NP disasters)) (PP-MNR with (NP increasing frequency))))) , (NP-SBJ-1 they) (VP risk (S (NP-SBJ *-1) (VP hurting (NP themselves))) (ADVP (ADVP as much) (PP as (S-NOM (NP-SBJ *-1) (VP helping (NP the cause)))))) .)) (TOP (S (NP-SBJ-2 They) (VP chance (S (NP-SBJ-4 *-2) (VP alienating (NP (NP the customers) (SBAR (WHNP-1 0) (S (NP-SBJ-3 they) (VP hope (S (NP-SBJ *-3) (VP to (VP woo (NP *T*-1)))))))) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP looking (PP-CLR like (NP opportunistic sharks)))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ People) (VP see (NP extra messages) (PP-LOC in (NP advertising)))) , and (S (SBAR-ADV (SBAR if (S (NP-SBJ-1 a manufacturer) (VP is (VP (ADVP-MNR clearly) trying (S (NP-SBJ *-1) (VP to (VP get (NP something) (PP-CLR out (PP of (NP it)))))))))) ... (SBAR if (S (NP-SBJ it) (VP 's (ADJP-PRD too transparent))))) ... (ADVP then) (NP-SBJ consumers) (VP will (VP see (PP-CLR through (NP that)))))) , '' (VP warns (S *T*-2)) (NP-SBJ (NP John Philip Jones) , (NP (NP chairman) (PP of (NP (NP the advertising department) (PP-LOC at (NP (NP the Newhouse School) (PP of (NP Public Communications)) (PP-LOC at (NP Syracuse University)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP can (VP backfire (SBAR-PRP because (S (NP-SBJ companies) (VP can (VP (VP step (PP-CLR across (NP the line))) and (VP (VP go (ADVP-CLR too far)) , (VP be (ADJP-PRD too pushy)))))))))) , '' (VP agrees (S *T*-1)) (NP-SBJ (NP Gary Stibel) , (NP (NP a principal) (PP with (NP (NP New England Consulting Group) , (NP-LOC (NP Westport) , (NP Conn)))))) .)) (TOP (S `` (NP-SBJ (NP The ultimate form) (PP of (NP charity))) (VP is (SBAR-PRD (WHADVP-1 when) (S (NP-SBJ you) (VP do n't (VP tell (NP anyone) (ADVP-TMP *T*-1)))))) . '')) (TOP (S (ADVP Still) , (NP-SBJ he) (VP says (SBAR (SBAR that (S (NP-SBJ (NP only a few) (PP of (NP the quake-related campaigns))) (VP have (VP been `` (ADJP-PRD tasteless) '')))) and (SBAR that `` (S (NP-SBJ the majority) (VP have (VP been (ADJP-PRD truly beneficial (PP to (NP (NP the people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP need (NP the help))))))))))))) .)) (TOP (S (NP-SBJ We) (VP do n't (VP consider (S (NP-SBJ that) (NP-PRD ambulance chasing)))) . '')) (TOP (S (NP-SBJ (NP The companies) (VP running (NP the disaster ads))) (ADVP certainly) (VP do n't (VP see (NP themselves) (PP-CLR as (NP ambulance chasers)) , (ADVP either))) .)) (TOP (S (NP-SBJ (NP (NP Burger King 's) chief executive officer) , (NP Barry Gibbons) ,) (VP stars (PP-LOC in (NP (NP ads) (VP saying (SBAR that (S (NP-SBJ the fast-food chain) (VP will (VP donate (NP 25 cents) (PP-CLR to (NP the Red Cross)) (PP for (NP (NP every purchase) (PP of (NP a BK Doubles hamburger)))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The campaign) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP started (NP-TMP-CLR last week)) and (VP runs (PP-TMP-CLR through (NP Nov. 23)))))) , (PP with (NP (NP funds) (VP earmarked (NP *) (PP-CLR for (NP both (NP the quake) and (NP Hugo)))))) ,) `` (VP was (NP-PRD (NP Barry 's) idea)) , '') (NP-SBJ a spokeswoman) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S `` (NP-SBJ Barry) (VP felt (ADJP-PRD very committed)) .)) (TOP (S (NP-SBJ He) (VP felt (SBAR 0 (S (NP-SBJ we) (VP should (VP be (VP giving (NP something) (PRT back))))))) . '')) (TOP (S (S (SBAR-ADV While (S (NP-SBJ the campaign) (VP was (NP-PRD (NP Mr. Gibbons 's) idea)))) , (ADVP however) , (NP-SBJ he) (VP wo n't (VP be (VP paying (PP-CLR for (NP it)))))) : (S (NP-SBJ The donations) (VP will (VP come (PP-CLR out (PP of (NP (NP (NP the chain 's) national advertising fund) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP financed (NP *-1) (PP by (NP-LGS the franchisees)))))))))))) .)) (TOP (S And (PP-MNR by (S-NOM (NP-SBJ *-3) (VP basing (NP donations) (PP-CLR on (NP (NP BK Doubles) , (NP (NP a new double-hamburger line) (SBAR (WHNP-1 0) (S (NP-SBJ-2 the fast-food chain) (VP is (VP trying (S (NP-SBJ *-2) (VP to (VP push (NP *T*-1)))))))))))))) , (NP-SBJ-3 Burger King) (VP works (NP a sales pitch) (PP-CLR into (NP its public-service message))) .)) (TOP (S (NP-SBJ (NP (NP Toyota 's) upscale Lexus division) , (NP (NP a sponsor) (PP of (NP the World Series))) ,) (ADVP also) (VP put (PRT in) (NP (NP a plug) (PP for (NP Red Cross donations))) (PP-LOC in (NP (NP a World Series game) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP sponsored (NP *T*-1))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ-4 The World Series) (VP is (VP brought (NP *-4) (PP-DIR to (NP you)) (PP by (NP-LGS (NP Lexus) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP urges (NP-2 you) (S (NP-SBJ-5 *-2) (VP to (VP help (S (NP-SBJ *-5) (VP relieve (NP (NP the suffering) (VP caused (NP *) (PP by (NP-LGS the recent earthquake))))))))))))))))) ... , '' (NP-SBJ the game announcer) (VP said (S *T*-3)) .)) (TOP (S (S And (NP-SBJ-1 New York Life) (VP made (NP (NP a plea) (PP for (NP Red Cross donations))) (PP-LOC in (NP (NP newspaper ads) (PP-LOC in (NP the San Francisco area)))) , (S-ADV (NP-SBJ *-1) (VP latching (PP-CLR onto (NP (NP the coattails) (PP of (NP (NP (NP the Red Cross 's) impeccable reputation))))))))) : `` (S (NP-SBJ The Red Cross) (VP has (VP been (VP helping (NP people) (PP-TMP for (NP 125 years)))))) .)) (TOP (S (NP-SBJ New York Life) (VP has (VP been (VP doing (NP the same) (PP-TPC for (NP (QP over 140) years))))) . '')) (TOP (S (NP-SBJ (NP Nancy Craig) , (NP (NP advertising manager) (PP for (NP the Red Cross))) ,) (VP (ADVP-MNR readily) admits `` (S (NP-SBJ they) (VP 're (VP piggybacking (PP-LOC-CLR on (NP our reputation)))))) . '')) (TOP (S But (S (S-TPC-1 (NP-SBJ she) (VP has (NP (NP no problem) (PP with (NP that))))) , (NP-SBJ she) (VP says (SBAR 0 (S *T*-1)))) : `` (S (PP-TMP In (NP the meanwhile)) , (NP-SBJ they) (VP 're (VP helping (NP us)))) . '')) (TOP (S (S (NP-SBJ The Red Cross) (VP does n't (VP track (NP (NP contributions) (VP raised (NP *) (PP by (NP-LGS the disaster ads))))))) , but (S (NP-SBJ it) (VP has (VP amassed (NP (QP $ 46.6 million) *U*) (SBAR-TMP since (S (NP-SBJ it) (ADVP-TMP first) (VP launched (NP its hurricane relief effort) (NP-TMP Sept. 23))))))) .)) (TOP (NP Ad Notes ... .)) (TOP (NP-HLN NEW ACCOUNT :)) (TOP (S (NP-SBJ (NP Northrup King Co.) , (NP-LOC (NP Golden Valley) , (NP Minn.) ,)) (VP awarded (NP its (ADJP (QP $ 4 million) *U*) field-crop-seeds account ) (PP-DTV to (NP (NP Creswell , Munsell , Fultz & Zirbel) , (NP (NP a (NAC-LOC Cedar Rapids , Iowa ,) division) (PP of (NP Young & Rubicam)))))) .)) (TOP (S (NP-SBJ-1 The account) (VP had (ADVP-TMP previously) (VP been (VP handled (NP *-1) (PP by (NP-LGS (NP Saatchi & Saatchi Wegener) , (NP-LOC New York)))))) .)) (TOP (NP-HLN TV GUIDE :)) (TOP (S (NP-SBJ-1 (NP Wieden & Kennedy) , (NP-LOC (NP Portland) , (NP Ore.)) ,) (VP was (VP named (S (NP-SBJ *-1) (VP to (VP handle (NP (NP the News Corp. publication 's) (ADJP (QP $ 1 million to $ 2 million) *U*) trade-ad account)))))) .)) (TOP (S (NP-SBJ (NP N W Ayer) , (NP (NP the New York agency) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (VP handled (NP the account) (PP-TMP since (NP 1963))))))) ,) (VP resigned (NP the account) (ADVP-TMP (NP about two weeks) ago)) .)) (TOP (NP-HLN NO ALCOHOL :)) (TOP (S (NP-SBJ Miller Brewing Co.) (VP will (VP introduce (NP its first non-alcoholic beer) (NP-TMP Jan. 1))) .)) (TOP (S (NP-SBJ-1 (NP The brew) , (VP called (S (NP-SBJ *) (NP-PRD Miller Sharp 's))) ,) (VP will (VP be (VP supported (NP *-1) (PP by (NP-LGS (NP ads) (VP developed (NP *) (PP by (NP-LGS (NP Frankenberry , Laughlin & Constable) , (NP-LOC Milwaukee))))))))) .)) (TOP (NP-HLN RADIO :)) (TOP (S (NP-SBJ-1 Viacom Broadcasting Inc.) (VP (ADVP definitively) agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP (NP (NP KOFY) (PRN -LRB- (NP AM) -RRB-)) and (NP KOFY-FM)) (PP-LOC in (NP San Francisco))) (PP-CLR for (NP (QP about $ 19.5 million) *U*)) (PP-CLR from (NP Pacific FM Inc)))))) .)) (TOP (S (NP-SBJ The Supreme Court) (VP let (S (VP stand) (NP-SBJ (NP a New York court 's) ruling (SBAR that (S (NP-SBJ (NP the manufacturers) (PP of (NP (NP a drug) (VP (ADVP-TMP once) used (NP *) (S-CLR (NP-SBJ *) (VP to (VP prevent (NP miscarriages)))))))) (VP must (VP share (NP (NP liability) (PP for (NP injuries or deaths))) (SBAR (WHADVP-1 when) (S (NP-SBJ (NP the maker) (PP of (NP an individual dose))) (VP is (ADJP-PRD unknown) (ADVP-TMP *T*-1))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The high court 's) action) , (S-ADV (NP-SBJ-2 *) (VP refusing (S (NP-SBJ *-2) (VP to (VP hear (NP (NP appeals) (PP by (NP several drug companies)))))))) , (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP have (NP a significant impact) (PP-LOC at (NP several levels))))))) .)) (TOP (S (NP-SBJ The (ADJP most immediate) effect) (VP is (PP-LOC-PRD in (NP (NP New York) , (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ (NP former manufacturers) (PP of (NP (NP the anti-miscarriage drug DES) (PRN -- (NP the synthetic female hormone diethylstilbestrol) --)))) (VP face (NP (NP the prospect) (PP of (NP (NP shared liability) (PP for (NP damages))))) (PP-LOC in (NP (NP many) (PP of (NP (NP the (QP 700 to 1,000) DES lawsuits) (VP pending (PP-LOC in (NP that state))))))) (ADVP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ The lawsuits) (VP stemmed (PP-CLR from (NP (NP the development) (PP of (NP (NP cancer) and (NP other problems))) (PP-LOC in (NP (NP the daughters) (PP of (NP (NP women) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP took (NP the drug))))))))))) .)) (TOP (S (PP On (NP a broader scale)) , (NP-SBJ the ruling) (VP could (VP encourage (S (NP-SBJ (NP other states ') courts) (VP to (VP adopt (NP (NP the logic) (PP of (NP the New York court))) , (PP-LOC (CONJP not only) (PP in (NP DES cases)) but (PP in (NP other product-related lawsuits)) , (ADVP as well))))))) .)) (TOP (S (NP-SBJ The (NAC New York Court (PP of (NP Appeals))) ruling) (VP parallels (NP (NP a 1980 decision) (PP by (NP the California Supreme Court)) (VP requiring (NP (NP shared liability) (PP among (NP manufacturers)) (PP for (NP injuries))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ it) (VP ca n't (VP be (VP determined (SBAR (WHNP-2 which company) (S (NP-SBJ *T*-2) (VP is (PP-PRD at (NP fault))))) (ADVP-TMP *T*-3))))))))) .)) (TOP (S (NP-SBJ (NP Paul Rheingold) , (NP (NP a New York lawyer) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP represents (NP DES victims))))) ,) (VP said (SBAR that (S (PP-TMP before (NP the New York ruling)) , (NP-SBJ (NP only the states) (PP of (NP Washington and Wisconsin))) (VP had (VP followed (NP the California decision)))))) .)) (TOP (S (ADVP-TMP Now (SBAR that (S (NP-SBJ-1 the New York decision) (VP has (VP been (VP left (S (NP-SBJ *-1) (ADJP-PRD intact)))))))) , (NP-SBJ other states) (VP may (VP follow (NP-CLR suit))) .)) (TOP (SINV `` (S-TPC-1 (ADVP Generally) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP New York) and (NP California)) (VP go (NP-DIR one way) (ADVP-TMP *T*-2)))) , (NP-SBJ it) (VP has (NP (NP a tremendous influence) (PP on (NP (NP other states) , (ADVP especially) (NP small ones)))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Rheingold) .)) (TOP (S (NP-SBJ-2 The high court) (VP refused (S (NP-SBJ *-2) (VP to (VP hear (NP (NP appeals) (PP by (NP-LGS (NP Rexall Drug Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP (VP went (PP-CLR out (PP of (NP business))) (PP-TMP in (NP 1987))) and (VP was (VP taken (NP *-3) (PRT over) (PP by (NP-LGS (NP RXDC Liquidating Trust) ; (NP (NP E.R. Squibb & Sons Inc.) , (NP (NP a unit) (PP of (NP Squibb Corp.)))) ; and (NP Eli Lilly & Co))))))))))))))) .)) (TOP (S (NP-SBJ The appeals) (VP involved (NP (NP DES) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP approved (NP *-1) (PP by (NP-LGS the Food and Drug Administration)) (PP-CLR for (NP (NP use) (PP-TMP (PP from (NP the 1940s)) (PP until (NP 1971))) (S (NP-SBJ *) (VP to (VP prevent (NP miscarriages) (PP-TMP during (NP pregnancy))))))))))))) .)) (TOP (S (PP-TMP In (NP 1971)) , (NP-SBJ the FDA) (VP banned (NP (NP the use) (PP of (NP DES))) (SBAR-TMP after (S (NP-SBJ studies) (VP linked (NP it) (PP-CLR to (NP (NP (NP cancer) and (NP other problems)) (PP-LOC in (NP (NP daughters) (PP of (NP (NP women) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP took (NP the drug)))))))))))))) .)) (TOP (S (NP-SBJ (NP Lawsuits) (PP over (NP (NP the harm) (VP caused (NP *) (PP by (NP-LGS DES)))))) (VP have (VP flooded (NP (UCP federal and state) courts) (PP-TMP in (NP the past decade)))) .)) (TOP (S (PP-LOC In (NP many cases)) , (S (NP-SBJ-1 the lawsuit) (VP was (VP filed (NP *-1) (SBAR-TMP (ADVP long) after (S (NP-SBJ-2 the drug) (VP was (VP used (NP *-2)))))))) (PRN -- (S (NP-SBJ-4 (NP the cancer) (PP-LOC in (NP the daughters))) (VP was (ADVP typically) not (VP detected (NP *-4) (PP-TMP for (NP years))))) --) and (S (NP-SBJ there) (VP is (NP-PRD (NP no way) (SBAR (WHADVP-5 0) (S (NP-SBJ *) (VP to (VP prove (SBAR (WHNP-3 (WHNP which) (PP of (NP several companies))) (S (NP-SBJ *T*-3) (VP manufactured (NP (NP the doses) (VP consumed (NP *) (PP by (NP-LGS certain women))))))) (ADVP-MNR *T*-5)))))))) .)) (TOP (S (PP-LOC Under (NP traditional legal theories)) , (NP-SBJ inability (S (NP-SBJ *) (VP to (VP prove (SBAR (WHNP-1 which company) (S (NP-SBJ *T*-1) (VP manufactured (NP (NP a drug) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP caused (NP an injury or death)))))))))))) (VP would (VP lead (PP-CLR to (S-NOM (NP-SBJ-3 the lawsuit) (VP being (VP dismissed (NP *-3))))))) .)) (TOP (S But (PP-LOC in (NP (NP its ruling) (NP-TMP last April))) , (NP-SBJ the New York court) (VP said (SBAR that (S (NP-SBJ (NP all producers) (PP of (NP the anti-miscarriage drug))) (VP should (VP share (NP liability) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 (NP the manufacturer) (PP of (NP a specific dose))) (VP ca n't (VP be (VP determined (NP *-1) (ADVP-TMP *T*-2))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Each company 's) share) (PP of (NP liability))) (VP would (VP be (VP based (NP *-1) (PP-CLR on (NP (NP their share) (PP of (NP the national DES market))))))) .)) (TOP (S (NP-SBJ The New York court) (ADVP also) (VP upheld (NP (NP a state law) , (VP passed (NP *) (PP-TMP in (NP 1986))) , (VP extending (PP-TMP for (NP one year)) (NP (NP the statute) (PP of (NP limitations)) (PP on (NP filing DES lawsuits)))))) .)) (TOP (S (NP-SBJ The effect) (VP is (SBAR-PRD that (S (NP-SBJ (NP lawsuits) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP might (VP have (VP been (VP barred (NP *-3) (SBAR-PRP because (S (NP-SBJ-1 they) (VP were (VP filed (NP *-1) (ADVP-TMP too late)))))))))))) (VP could (VP proceed (PP-PRP because of (NP the one-year extension))))))) .)) (TOP (NP -LRB- (NP (NP Rexall Drug Co.) (PP vs. (NP Tigue))) ; (NP (NP E.R. Squibb & Sons Inc.) (PP vs. (NP Hymowitz))) , and (NP (NP Eli Lilly & Co.) (PP vs. (NP Hymowitz))) -RRB-)) (TOP (NP-HLN Government Contractors)) (TOP (S (NP-SBJ-1 The high court) , (S (NP-SBJ *-1) (VP leaving (S (ADJP-PRD intact) (NP-SBJ (NP a (ADJP (QP $ 4.25 million) *U*) damage award) (PP against (NP General Dynamics Corp.)))))) , (VP declined (S (NP-SBJ *-1) (VP to (VP resolve (NP (NP questions) (PP about (NP (NP a legal defense) (PP against (NP civil lawsuits)) (VP (ADVP-TMP often) used (NP *) (PP by (NP-LGS government contractors)))))))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ the Supreme Court) (VP defined (SBAR (WHADVP-1 when) (S (NP-SBJ-2 (NP companies) , (PP such as (NP military contractors)) ,) (VP may (VP defend (NP themselves) (PP-CLR against (NP (NP lawsuits) (PP for (NP deaths or injuries)))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP asserting (SBAR that (S (NP-SBJ they) (VP were (VP (ADVP-MNR simply) following (NP (NP specifications) (PP of (NP a federal government contract)))))))))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (PP-LOC In (NP that decision)) , (NP-SBJ the high court) (VP said (SBAR 0 (S (NP-SBJ a company) (VP must (VP prove (SBAR (SBAR that (S (NP-SBJ the government) (VP approved (NP (NP precise specifications) (PP for (NP the contract)))))) , (SBAR that (S (NP-SBJ-1 those specifications) (VP were (VP met (NP *-1))))) and (SBAR that (S (NP-SBJ-2 the government) (VP was (VP warned (NP *-2) (PP-CLR of (NP (NP any dangers) (PP in (NP (NP use) (PP of (NP the equipment)))))))))))))))) .)) (TOP (S But (NP-TMP last February) , (NP-SBJ-1 (NP a federal appeals court) (PP-LOC in (NP New Orleans))) (VP upheld (NP (NP a damage award) (PP against (NP General Dynamics))) , (S-ADV (NP-SBJ *-1) (VP rejecting (NP (NP (NP the company 's) use) (PP of (NP the government contractor defense)))))) .)) (TOP (S (NP-SBJ The appeals court) (VP said (SBAR 0 (S (NP-SBJ the defense) (VP is (ADJP-PRD valid) (SBAR-ADV only if (S (NP-SBJ federal officials) (VP (VP did (NP (NP more) (SBAR than (S (NP-SBJ *) (VP rubber stamp (NP (NP a company 's) design or plans)))))) and (VP engaged (PP-CLR in (NP (NP a `` substantive review and evaluation '') (PP on (NP (NP a par) (PP with (NP a policy decision)))))))))))))) .)) (TOP (S (NP-SBJ-1 General Dynamics) (VP appealed (PP-CLR to (NP the high court)) , (S-ADV (NP-SBJ-2 *-1) (VP backed (NP *-2) (PP by (NP-LGS numerous business trade groups)))) , (S-ADV (NP-SBJ *-1) (VP arguing (SBAR that (S (NP-SBJ the appeals court definition) (VP restricts (NP the defense) (ADVP-MNR too severely))))))) .)) (TOP (S (NP-SBJ-1 General Dynamics) (VP was (VP sued (NP *-1) (PP by (NP-LGS (NP the families) (PP of (NP (NP five Navy divers) (SBAR (WHNP-3 who) (S (NP-SBJ-2 *T*-3) (VP were (VP killed (NP *-2) (PP-TMP in (NP 1982)) (SBAR-TMP after (S (NP-SBJ they) (VP re-entered (NP a submarine) (PP-DIR through (NP a diving chamber))))))))))))))) .)) (TOP (S (NP-SBJ-1 The accident) (VP was (VP caused (NP *-1) (PP by (NP-LGS (NP faulty operation) (PP of (NP a valve)))))) .)) (TOP (S (S (NP-SBJ A federal district court) (VP awarded (NP damages) (PP-DTV to (NP the families)))) and (S (NP-SBJ the appeals court) (VP affirmed (NP the award))) .)) (TOP (NP -LRB- (NP General Dynamics Corp.) (PP vs. (NP Trevino)))) (TOP (NP-HLN (NP Court) (PP in (NP Brief)))) (TOP (FRAG (PP-LOC In (NP other action)) (NP-TMP yesterday) , (NP the high court) :)) (TOP (FRAG -- (VP Let (S (VP stand) (NP-SBJ (NP the mail fraud and conspiracy conviction) (PP of (NP (NP John Lavery) , (NP (NP a former vice president) (PP of (NP (NP Beech-Nut Nutrition Corp.) , (NP (NP a unit) (PP of (NP Nestle S.A))))))))))) .)) (TOP (S (NP-SBJ The conviction) (VP stemmed (PP-CLR from (NP (NP federal charges) (PP of (NP consumer fraud)) (PP for (NP (NP sale) (PP of (NP phony infant apple juice)) (PP-TMP between (NP 1978 and 1983))))))) .)) (TOP (NP -LRB- (NP Lavery) (PP vs. (NP U.S)) . -RRB-)) (TOP (FRAG -- (VP Left (S (ADJP-PRD intact) (NP-SBJ (NP an award) (PP of (NP (NP (QP $ 1.5 million) *U*) (PP in (NP damages)))) (PP against (NP Dow Chemical Co.)) (PP-LOC in (NP (NP the death) (PP of (NP an Oregon man)) (PP from (NP (NP exposure) (PP to (NP Agent Orange))))))))) .)) (TOP (S (NP-SBJ-1 The award) (VP was (VP made (NP *-1) (PP by (NP-LGS a federal court)) (PP-CLR to (NP (NP the widow) (PP of (NP (NP a U.S. Forest Service employee) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP contracted (NP (NP Hodgkin 's) disease) (PP-TMP after (S-NOM (NP-SBJ *-3) (VP using (NP (NP herbicides) (VP containing (NP Agent Orange))) (PP-LOC in (NP a weed-killing program)))))))))))))) .)) (TOP (S (NP-SBJ It) (VP can (VP be (VP hoped (SBAR that (S (NP-SBJ Spanish Prime Minister Felipe Gonzalez) (VP will (VP draw (NP the right conclusion) (PP-CLR from (NP (NP his narrow election victory) (NP-TMP Sunday)))))))))) .)) (TOP (S (NP-SBJ-1 (NP A strong challenge) (PP from (NP (NP the (ADJP far left)) , (NP the Communist coalition Izquierda Unida) ,))) (VP failed (S (NP-SBJ *-1) (VP to (VP topple (NP him))))) .)) (TOP (S (NP-SBJ He) (VP should (VP consider (S (NP-SBJ his victory) (NP-PRD (NP a mandate (S (NP-SBJ *) (VP to (VP continue (NP his growth-oriented economic reforms))))) and not (NP a demand (SBAR that (S (NP-SBJ he) (VP move (ADVP-DIR further left))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ he) (VP follows (NP the correct path)))) , (NP-SBJ-1 he) (VP may (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP look (PRT back) (PP-CLR on (NP this election)) (PP-CLR as (NP (NP the high-water mark) (PP of (NP far-left opposition)))))))))) .)) (TOP (S (NP-SBJ The (ADJP far left)) (VP had (NP some good issues) (SBAR-ADV even if (S (NP-SBJ it) (VP did not (VP have (NP (NP good programs) (PP for (S-NOM (NP-SBJ *) (VP dealing (PP-CLR with (NP them))))))))))) .)) (TOP (S (NP-SBJ It) (VP could (VP point (PP-CLR to (NP (NP plenty) (PP of (NP (NP ailments) (SBAR (WHNP-2 that) (S (NP-SBJ-1 the Spanish economic rejuvenation) (ADVP-TMP so far) (VP has (VP failed (S (NP-SBJ *-1) (VP to (VP cure (NP *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ-1 Unemployment) (ADVP still) (VP is (VP (ADVP-MNR officially) recorded (NP *-1) (PP-CLR at (NP (NP 16.5 %) , (NP (NP the highest rate) (PP-LOC in (NP Europe))))) , (SBAR-ADV although (S (NP-SBJ actual joblessness) (VP may (VP be (ADJP-PRD lower))))))) .)) (TOP (S (S (NP-SBJ Housing) (VP is (ADJP-PRD scarce))) and (S (NP-SBJ (NP public services) (PRN -- (NP (NP the court system) , (NP schools) , (NP mail service) , (NP telephone network) and (NP the highways)) --)) (VP are (PP-PRD in (NP disgraceful condition)))) .)) (TOP (S (NP-SBJ (NP Large pockets) (PP of (NP poverty))) (ADVP still) (VP exist) .)) (TOP (S (NP-SBJ The left) (ADVP also) (VP (VP is (ADJP-PRD critical (PP of (NP (NP the style) (PP of (NP the Socialist government)))))) -- (NP-ADV (NP a remarkable parallel) (PP to (NP (NP the situation) (PP-LOC in (NP Britain)))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Gonzalez) and (NP (NP his colleagues) , (ADVP particularly) (NP (NP the finance minister) , (NP Carlos Solchaga) ,))) (VP are (VP charged (NP-4 *-1) (PP-CLR (PP with (S-NOM (NP-SBJ *-4) (VP having (VP abandoned (NP their socialist principles))))) and (PP with (S-NOM (NP-SBJ *-4) (VP having (VP become (NP-PRD (NP arrogant elitists) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP refuse (ADVP even) (S (NP-SBJ-5 *-3) (VP to (VP go (PP-LOC-CLR on (NP (NP television) (PRN -LRB- (VP controlled (NP *) (PP by (NP-LGS the state))) -RRB-))) (S-PRP (NP-SBJ *-5) (VP to (VP face (NP their accusers)))))))))))))))))) .)) (TOP (S (PP In (NP (NP response) (PP to (NP this)))) , (NP-SBJ the Socialist prime minister) (VP has (VP (ADVP-MNR simply) cited (NP his free-market accomplishments))) .)) (TOP (S (S (NP-SBJ They) (VP are (ADJP-PRD very considerable))) : (S (PP-TMP Since (NP (NP 1986) , (SBAR (WHADVP-1 when) (S (NP-SBJ Spain) (VP joined (NP the European Community) (ADVP-TMP *T*-1)))))) , (NP-SBJ its gross domestic product) (VP has (VP grown (PP-CLR at (NP (NP (NP an annual average) (PP of (NP 4.6 %))) -- (NP (NP the fastest) (PP in (NP the EC)))))))) .)) (TOP (S (PP-TMP In (NP that time)) (S (NP-SBJ-1 (QP more than 1.2 million) jobs) (VP have (VP been (VP created (NP *-1))))) and (S (NP-SBJ-2 the official jobless rate) (VP has (VP been (VP pushed (NP *-2) (PP-DIR below (NP 17 %)) (PP-DIR from (NP 21 %)))))) .)) (TOP (S (NP-SBJ A (ADJP 14 %) inflation rate) (VP dropped (PP-DIR below (NP 5 %))) .)) (TOP (S (NP-SBJ (NP Net foreign investment) (PP-TMP through (NP (NP August) (NP-TMP this year)))) (VP has (VP been (VP running (PP-CLR at (NP (NP a pace) (PP of (NP (QP $ 12.5 billion) *U*)) , (NP (QP about double) the year-earlier rate)))))) .)) (TOP (S (NP-SBJ-1 Mr. Gonzalez) (ADVP also) (VP has (VP split (PP-CLR with (NP the left)) (PP-LOC (PP in (S-NOM (NP-SBJ *-1) (VP reaffirming (NP (NP Spain 's) NATO commitment)))) and (PP in (S-NOM (NP-SBJ *-1) (VP renewing (NP (NP a defense treaty) (PP with (NP the U.S))))))))) .)) (TOP (S (NP-SBJ Mr. Gonzalez) (VP is (ADVP not quite) (NP-PRD a closet supply-side revolutionary) , (ADVP however)) .)) (TOP (S (S (NP-SBJ He) (VP did not (VP go (ADVP (ADVP as far) (SBAR as (S (NP-SBJ he) (VP could (VP have (VP *?*)))))) (PP-LOC in (NP tax reductions))))) ; (S (ADVP indeed) (NP-SBJ he) (VP combined (NP them) (PP-CLR with (NP (NP increases) (PP-LOC in (NP indirect taxes)))))) .)) (TOP (S Yet (NP-SBJ (NP the best) (SBAR (WHNP-1 0) (S (NP-SBJ the far-left) (VP could (VP do (NP *T*-1)))))) (VP was not (ADJP-PRD enough (S (NP-SBJ *) (VP to (VP deter (NP-3 (NP the biggest voting bloc) (PRN -- (NP (QP nearly 40) %) --)) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP endorsing (NP (NP the direction) (SBAR (WHNP-2 0) (S (NP-SBJ Spain) (VP is (VP taking (NP *T*-2)))))))))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ he) (VP can (VP go (ADVP-DIR further))) .)) (TOP (S (NP-SBJ-1 He) (VP should (VP do (NP more) (S-PRP (NP-SBJ *-1) (VP to (VP reduce (NP (NP tax rates) (PP on (NP wealth and income)))))) , (PP in (NP (NP recognition) (PP of (NP the fact (SBAR that (S (NP-SBJ those cuts) (VP yield (NP (ADJP higher , not lower ,) revenues)))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP could (VP do (NP more) (S-PRP (NP-SBJ *-1) (VP to (VP cut (NP public subsidies and transfers)))) , (S-ADV (ADVP thus) (NP-SBJ *-1) (VP making (S (NP-SBJ funds) (ADJP-PRD available (PP for (NP (NP public services) (VP starved (NP *) (PP-CLR of (NP money)) (PP-TMP for (NP six years))))))))))) .)) (TOP (S (NP-SBJ The voters) (VP delivered (NP Mr. Gonzalez) (NP (NP a third mandate) (PP for (NP his successes)))) .)) (TOP (S (NP-SBJ (NP They) , (CONJP as well as) (NP (NP numerous (ADJP (ADJP Latin American) and (ADJP East European)) countries) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP hope (S (NP-SBJ *-3) (VP to (VP adopt (NP (NP elements) (PP of (NP the Spanish model)))))))))) ,) (VP are (VP supporting (NP (NP the direction) (SBAR (WHNP-2 0) (S (NP-SBJ Spain) (VP is (VP taking (NP *T*-2)))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP would (VP be (ADJP-PRD sad) (SBAR-1 for (S (NP-SBJ-2 Mr. Gonzalez) (VP to (VP abandon (NP them) (S-PRP (NP-SBJ *-2) (VP to (VP appease (NP his foes)))))))))) .)) (TOP (NP-TMP Monday , October 30 , 1989)) (TOP (S (NP-SBJ (NP The key U.S. and foreign annual interest rates) (ADVP-LOC below)) (VP (VP are (NP-PRD (NP a guide) (PP to (NP general levels)))) but (VP do n't (ADVP-TMP always) (VP represent (NP actual transactions)))) .)) (TOP (NP (NP PRIME RATE) : (NP (QP 10 1) %) .)) (TOP (NP (NP The base rate) (PP on (NP corporate loans)) (PP-LOC at (NP large U.S. money center commercial banks)) .)) (TOP (NP (NP FEDERAL FUNDS) : (NP (NP (ADJP (QP 8 3) %) high) , (NP (ADJP (QP 8 11) %) low) , (NP (NP (QP 8 3) %) (PP-TMP near (NP closing bid))) , (NP (NP (QP 8 3) %) (VP offered (NP *)))) .)) (TOP (S (NP-SBJ Reserves) (VP traded (PP-CLR among (NP commercial banks)) (PP for (NP overnight use)) (PP-MNR in (NP (NP amounts) (PP of (NP (QP $ 1 million or more) *U*))))) .)) (TOP (NP (NP Source) : (NP Fulton Prebon (PRN -LRB- (NP-LOC U.S.A .) -RRB-) Inc) .)) (TOP (NP (NP DISCOUNT RATE) : (NP 7 %) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP depository institutions)) (PP by (NP the New York Federal Reserve Bank)))) .)) (TOP (NP (NP CALL MONEY) : (NP (QP 9 3 % to 10 %) *U*) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP brokers)) (PP on (NP stock exchange collateral)))) .)) (TOP (NP (NP (NP COMMERCIAL PAPER) (VP placed (NP *) (ADVP-MNR directly) (PP by (NP-LGS General Motors Acceptance Corp.)))) : (NP (NP (NP 8.50 %) (NP (QP 30 to 44) days)) ; (NP (NP (QP 8.25) %) (NP (QP 45 to 62) days)) ; (NP (NP 8.375 %) (NP (QP 63 to 89) days)) ; (NP (NP 8 %) (NP (QP 90 to 119) days)) ; (NP (NP 7.90 %) (NP (QP 120 to 149) days)) ; (NP (NP 7.80 %) (NP (QP 150 to 179) days)) ; (NP (NP 7.55 %) (NP (QP 180 to 270) days))) .)) (TOP (NP (NP COMMERCIAL PAPER) : (NP (NP High-grade unsecured notes) (VP sold (NP *) (PP-MNR through (NP dealers)) (PP by (NP-LGS major corporations)) (PP-MNR in (NP (NP multiples) (PP of (NP $ 1,000 *U*)))))) : (NP (NP (NP 8.55 %) (NP 30 days)) ; (NP (NP 8.50 %) (NP 60 days)) ; (NP (NP 8.45 %) (NP 90 days))) .)) (TOP (NP (NP (NP CERTIFICATES) (PP OF (NP DEPOSIT))) : (NP (NP (NP 8.09 %) (NP one month)) ; (NP (NP 8.04 %) (NP two months)) ; (NP (NP 8.03 %) (NP three months)) ; (NP (NP 7.96 %) (NP six months)) ; (NP (NP 7.92 %) (NP one year))) .)) (TOP (NP (NP Average) (PP of (NP (NP top rates) (VP paid (NP *) (PP by (NP-LGS major New York banks)) (PP-CLR (PP on (NP (NP primary new issues) (PP of (NP negotiable C.D.s)))) , usually (PP on (NP (NP amounts) (PP of (NP (QP $ 1 million and more) *U*)))))))) .)) (TOP (S (NP-SBJ The minimum unit) (VP is (NP-PRD $ 100,000 *U*)) .)) (TOP (NP (NP (NP Typical rates) (PP-LOC in (NP the secondary market))) : (NP (NP (NP 8.55 %) (NP one month)) ; (NP (NP 8.55 %) (NP three months)) ; (NP (NP 8.35 %) (NP six months))) .)) (TOP (NP (NP BANKERS ACCEPTANCES) : (NP (NP (NP 8.47 %) (NP 30 days)) ; (NP (NP 8.42 %) (NP 60 days)) ; (NP (NP 8.25 %) (NP 90 days)) ; (NP (NP 8.10 %) (NP 120 days)) ; (NP (NP 8.02 %) (NP 150 days)) ; (NP (NP 7.95 %) (NP 180 days))) .)) (TOP (NP (NP Negotiable , bank-backed business credit instruments) (VP (ADVP typically) financing (NP an import order)) .)) (TOP (NP (NP LONDON LATE EURODOLLARS) : (NP (NP (NP (QP 8 3 % to 8 5 %) *U*) (NP one month)) ; (NP (NP (NP (QP 8 13 % to 8 11 %) *U*) (NP two months))) ; (NP (NP (QP 8 11 % to 8 9 %) *U*) (NP three months)) ; (NP (NP (QP 8 9 % to 8 7 %) *U*) (NP four months)) ; (NP (NP (QP 8 1 % to 8 3 %) *U*) (NP five months)) ; (NP (NP (QP 8 7 % to 8 5 %) *U*) (NP six months))) .)) (TOP (NP (NP (NP LONDON INTERBANK OFFERED RATES) (PRN -LRB- (NP LIBOR) -RRB-)) : (NP (NP (NP (QP 8 11) %) (NP one month)) ; (NP (NP (QP 8 11) %) (NP three months)) ; (NP (NP (QP 8 7) %) (NP six months)) ; (NP (NP (QP 8 3) %) (NP one year))) .)) (TOP (NP (NP (NP The average) (PP of (NP (NP interbank offered rates) (PP for (NP (NP dollar deposits) (PP-LOC in (NP the London market))))))) (VP based (NP *) (PP-CLR on (NP (NP quotations) (PP-LOC at (NP five major banks))))) .)) (TOP (NP (NP FOREIGN PRIME RATES) : (NP (NP (NP Canada) (NP 13.50 %)) ; (NP (NP Germany) (NP 9 %)) ; (NP (NP Japan) (NP 4.875 %)) ; (NP (NP Switzerland) (NP 8.50 %)) ; (NP (NP Britain) (NP 15 %))) .)) (TOP (S (S (NP-SBJ These rate indications) (VP are n't (ADJP-PRD directly comparable))) ; (S (NP-SBJ lending practices) (VP vary (ADVP widely) (PP-MNR by (NP location)))) .)) (TOP (NP (NP TREASURY BILLS) : (NP (NP Results) (PP of (NP (NP the (NAC-TMP Monday , October 30 , 1989 ,) auction) (PP of (NP (NP short-term U.S. government bills) , (VP sold (NP *) (PP-CLR at (NP (NP a discount) (PP from (NP face value)))) (PP-MNR in (NP (NP units) (PP of (NP (QP $ 10,000 to $ 1 million) *U*)))))))))) : (NP (NP (NP 7.78 %) , (NP 13 weeks)) ; (NP (NP 7.62 %) , (NP 26 weeks))) .)) (TOP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP.) (PRN -LRB- (NP Freddie Mac) -RRB-) : (NP (NP (NP Posted yields) (PP on (NP 30-year mortgage commitments)) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days)))))) .)) (TOP (NP (NP (NP 9.86 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 7.875 %) , (NP (ADJP 2 %) rate capped one-year adjustable rate mortgages)) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION) (PRN -LRB- (NP Fannie Mae) -RRB-) : (NP (NP Posted yields) (PP on (NP 30 year mortgage commitments) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days))))) (PRN -LRB- (VP priced (NP *) (PP-CLR at (NP par))) -RRB-)) .)) (TOP (NP (NP (NP 9.76 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 8.75 %) , (NP 6 rate capped one-year adjustable rate mortgages)) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP MERRILL LYNCH READY ASSETS TRUST) : (NP 8.70 %) .)) (TOP (NP (NP (NP Annualized average rate) (PP of (NP return)) (PP after (NP expenses)) (PP-TMP for (NP the past 30 days))) ; not (NP (NP a forecast) (PP of (NP future returns))) .)) (TOP (FRAG (INTJ Oh) , (NP that terrible Mr. Ortega) .)) (TOP (SINV (SBAR-TMP (WHADVP-3 Just when) (S (NP-SBJ American liberalism) (VP had (VP pulled (NP the arms plug) (PP-CLR on (NP (NP the Contras) and (NP their friend Ronald Reagan))) (ADVP-TMP *T*-3))))) , (ADVP-DIR-TPC-2 along) (VP comes (ADVP-DIR *T*-2)) (NP-SBJ-5 Mr. Ortega) (PP-LOC in (NP Costa Rica)) (NP-TMP this weekend) (S-ADV (NP-SBJ *-5) (VP to (VP `` blunder '' (PP-DIR into (NP (NP the hands) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-4 *T*-1) (VP are (ADVP-TMP often) (VP called (S (NP-SBJ *-4) (NP-PRD conservatives)))))))))))) .)) (TOP (S (NP-SBJ Conservatives) (VP are (NP-PRD (NP the faction) (PP-LOC in (NP U.S. politics)) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP always) (VP said (SBAR that (S (NP-SBJ-2 (NP Mr. Ortega) and (NP his friends)) (VP do n't (VP want (S (NP-SBJ *-2) (VP to (VP hold (NP an election) (PP-LOC in (NP Nicaragua)))))))))))))) .)) (TOP (S (S (NP-SBJ Liberals) (VP are (NP-PRD (NP the faction) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP says , (S (NP-SBJ *) (VP Give (NP peace) (NP a chance))))))))) ; (S (ADVP-TMP now) (NP-SBJ they) (VP are (VP saying (SBAR 0 (S (NP-SBJ Mr. Ortega) (VP should (VP give (NP them) (NP a break))))) , (SBAR lest (S (NP-SBJ the conservatives) (VP ask (NP-2 them) (S (NP-SBJ *-2) (VP to (VP vote (PP-CLR for (NP (NP bullets) (PP instead of (NP bandages))))))))))))) .)) (TOP (S (NP-SBJ We) (VP suspect (SBAR 0 (S (NP-SBJ Daniel Ortega) (VP knows (NP (NP the difference) (PP between (NP (NP a blunder) and (NP a strategy)))))))) .)) (TOP (S (NP-SBJ He) (VP knows (SBAR (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP making (S (NP-SBJ George Bush) (VP look (ADJP-PRD silly) (PP-LOC in (NP (NP a photograph) (PP with (NP him)))))))) (VP will (VP trigger (NP Noriegan fulminations))))) , and (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP announcing (NP (NP an end) (PP to (NP (NP the liberals ') cease-fire))))) (VP will (VP produce (ADVP mainly) (NP (NP their concern) (PP over (NP (NP (NP the Contras ') military activities) (PP-LOC in (NP northern Nicaragua))))))))))) .)) (TOP (S (NP-SBJ Mr. Ortega) (VP understands (ADVP (ADVP better) (PP than (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP worry (PP-CLR about (NP his behavior)))))))) (SBAR that (S (SBAR-NOM-SBJ (WHNP-2 what) (S (NP-SBJ *T*-2) (VP sustains (NP the Sandinista movement)))) (VP is (NP-PRD not (NP democratic peace) , but (NP nondemocratic unpeace)))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP the presence) (PP of (NP (ADJP internal and external) `` enemies '')) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP justifies (NP (NP the need) (PP for (NP (NP a large , active army) (SBAR (WHNP-2 that) (S (NP-SBJ-3 (NP Mikhail Gorbachev 's) Soviet Union) (VP continues (S (NP-SBJ *-3) (VP to (VP supply (NP *T*-2) (PP-CLR with (NP bullets)))))))))))))))) .)) (TOP (NP (NP Annualized interest rates) (PP on (NP certain investments)) (SBAR-ADV as (S (NP-SBJ-1 *) (VP reported (NP *-1) (PP by (NP-LGS the Federal Reserve Board)) (PP-MNR on (NP a weekly-average basis))))) :)) (TOP (FRAG (X a) - (NP Discounted rate) .)) (TOP (FRAG (X b) - (NP (NP Week) (VP ended (NP-TMP (NP Wednesday , October 25 , 1989) and (NP Wednesday October 18 , 1989)))) .)) (TOP (FRAG (X c) - (NP (NP Yields) , (VP adjusted (NP *) (PP-CLR for (NP constant maturity)))) .)) (TOP (S (NP-SBJ Cetus Corp.) (VP said (SBAR 0 (S (NP-SBJ (NP the government) (PP of (NP Spain))) (VP approved (NP (NP the marketing) (PP of (NP (NP its Proleukin interleukin-2 drug) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP treat (NP kidney cancer)))))))))))) .)) (TOP (S (NP-SBJ The biotechnology concern) (VP said (SBAR (SBAR 0 (S (NP-SBJ Spanish authorities) (VP must (ADVP still) (VP clear (NP (NP the price) (PP for (NP the treatment))))))) , but (SBAR that (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP receive (NP such approval) (PP-TMP by (NP year end)))))))))) .)) (TOP (S (NP-SBJ (NP Four other countries) (PP-LOC in (NP Europe))) (VP have (VP approved (NP Proleukin) (PP-TMP in (NP recent months)))) .)) (TOP (S (NP-SBJ-1 Cetus) (VP is (ADVP-TMP currently) (VP trying (S (NP-SBJ *-1) (VP to (VP obtain (NP (NP federal regulatory clearance) (PP for (NP U.S. distribution)))))))) .)) (TOP (S (NP-SBJ The Treasury Department) (VP proposed (SBAR that (S (NP-SBJ-2 banks) (VP be (VP required (S (NP-SBJ *-2) (VP to (VP keep (NP (NP detailed records) (PP of (NP (NP international wire transfers) , (SBAR (WHNP-1 which) (S (NP-SBJ officials) (VP believe (SBAR 0 (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP the main vehicle) (VP used (NP *) (PP by (NP-LGS drug traffickers)) (S-CLR (NP-SBJ *) (VP to (VP move (NP (NP billions) (PP of (NP dollars))) (PP-DIR in and out (PP of (NP the U.S))))))))))))))))))))))))) .)) (TOP (S (S (PP-LOC In (NP (NP recent testimony) (PP-LOC on (NP Capitol Hill)))) , (NP-SBJ Treasury officials) (VP said (SBAR 0 (S (NP-SBJ they) (VP were (VP considering (NP the new reporting requirements))))))) , and (S (NP-SBJ (NP the expected publication) (PP of (NP the proposal)) (PP-LOC in (NP the Federal Register)) (NP-TMP today)) (VP is (NP-PRD (NP the first official step) (PP toward (S-NOM (NP-SBJ *) (VP creating (NP final regulations))))))) .)) (TOP (S (NP-SBJ The Treasury) (VP is (ADVP still) (VP working (PRT out) (NP the details) (PP with (NP (NP bank trade associations) and (NP (NP the other government agencies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (NP a hand) (PP in (S-NOM (NP-SBJ *) (VP fighting (NP money laundering)))))))))))) .)) (TOP (SINV (PP-PRD-TPC-2 Among (NP (NP the possibilities) (SBAR (WHNP-1 0) (S (NP-SBJ the Treasury) (VP is (VP considering (NP *T*-1))))))) (VP are (PP-PRD *T*-2)) (NP-SBJ requirements (SBAR that (S (NP-SBJ banks) (VP keep (NP (NP records) (VP identifying (NP (NP the originators and recipients) (PP of (NP international wire transfers))))))))) .)) (TOP (S (NP-SBJ Another suggestion) (VP would (VP draw (NP-3 banks) (ADVP-MNR more directly) (PP-CLR into (S-NOM (NP-SBJ *-3) (VP tracking (PRT down) (NP money launderers) (PP-MNR by (S-NOM (NP-SBJ *) (VP developing (NP (NP a `` suspicious international wire transfer profile) , '' (SBAR (WHNP-1 which) (S (NP-SBJ-2 banks) (VP would (VP use (NP *T*-1) (S-CLR (NP-SBJ *-2) (VP to (VP spotlight (NP questionable payments))))))))))))))))) .)) (TOP (S But (NP-SBJ-2 banks) (VP may (VP prefer (S (NP-SBJ *-2) (VP using (NP (NP (NP a profile) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP targets (NP selected transactions))))) , (CONJP rather than) (NP a blanket reporting requirement)))))) .)) (TOP (S (NP-SBJ-1 Banks) (ADVP-TMP now) (VP are (VP required (ADVP only) (S (NP-SBJ *-1) (VP to (VP report (NP (NP cash deposits or withdrawals) (PP of (NP (QP $ 10,000 or more) *U*)))))))) .)) (TOP (S But (NP-SBJ-1 (NP wire transfers) (PP from (NP a standing account)) (PRN -- (PP including (NP (NP those) (ADJP (ADJP bigger) (PP than (NP $ 10,000 *U*))))) --)) (VP are n't (VP reported (NP *-1))) .)) (TOP (S (NP-SBJ Officials) (VP believe (SBAR 0 (S (NP-SBJ this) (VP has (VP left (NP (NP a gaping loophole) (SBAR (WHNP-1 that) (S (NP-SBJ illegal drug businesses) (VP are (VP exploiting (NP *T*-1))))))))))) .)) (TOP (S (NP-SBJ Authorities) (VP estimate (SBAR that (S (NP-SBJ (NP revenues) (PP from (NP illegal drugs))) (PP-LOC in (NP the U.S.)) (VP total (NP (QP about $ 110 billion) *U*) (ADVP-TMP annually))))) .)) (TOP (S (NP-SBJ (NP Sen. John Kerry) (PRN -LRB- (NP D.) , (NP-LOC Mass.) -RRB-) , (NP (NP chairman) (PP of (NP (NP a Senate Foreign Relations subcommittee) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP oversees (NP (NP the issue) (PP of (NP money laundering))))))))) ,) (VP criticized (NP-3 the proposal) (PP-CLR for (S-NOM (NP-SBJ *-3) (VP ignoring (NP (NP wire transfers) (PP between (NP foreign banks)) (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP are (VP executed and cleared (NP *-4) (PP-LOC on (NP U.S. wire systems))))))))))) .)) (TOP (S (NP-SBJ The American Bankers Association) (VP did n't (VP have (NP (NP any comment) (PP on (NP the plan))))) .)) (TOP (S (NP-SBJ The proposal) (ADVP-TMP now) (VP enters (NP (NP a 60-day comment period) , (SBAR-TMP (WHPP-1 after (WHNP which)) (S (NP-SBJ the Treasury) (VP will (VP propose (NP final regulations) (PP-TMP *T*-1))))) , (VP followed (NP *) (PP by (NP-LGS another comment period))))) .)) (TOP (S (NP-SBJ-1 Western Union Corp.) (VP (VP took (NP steps) (S-CLR (NP-SBJ *-1) (VP to (VP withdraw (NP (NP its proposed debt swap) (PP for (NP (NP (QP $ 500 million) *U*) (PP in (NP high-interest notes))))))))) and (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP looking (PP-CLR at (NP (NP other alternatives) (PP for (S-NOM (NP-SBJ *) (VP refinancing (NP the debt)))))))))))) .)) (TOP (S (NP-SBJ Western Union) (VP had (VP said (ADVP-TMP (NP two weeks) ago) (SBAR that (S (NP-SBJ it) (VP might (VP withdraw (NP (NP the pending offer) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP have (VP replaced (NP (NP (QP $ 500 million) *U*) (PP in (NP (NP so-called reset notes) , (VP (VP (ADVP-TMP now) paying (NP (ADJP 19.25 %) annual interest)) and (VP set (S (NP-SBJ *) (VP to (VP come (ADJP-CLR due) (PP-TMP in (NP 1992))))))) ,))) (PP-CLR with (NP (NP two new issues) (VP paying (NP lower interest)))))))))))))))) .)) (TOP (S (NP-TMP Yesterday) (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (VP filed (NP a request (S *ICH*-1)) (PP-CLR with (NP the Securities and Exchange Commission)) (S-1 (NP-SBJ *) (VP to (VP withdraw (NP (NP the registration statement) (VP regarding (NP the proposed swap))))))))))) .)) (TOP (S (NP-SBJ-3 A Western Union spokesman) , (S-ADV (NP-SBJ *-3) (VP citing (NP (NP adverse developments) (PP-LOC in (NP (NP the market) (PP for (NP high-yield `` junk '' bonds))))))) , (VP declined (S (NP-SBJ *-3) (VP to (VP say (SBAR (WHNP-2 what alternatives) (S (NP-SBJ *T*-2) (VP are (PP-PRD under (NP consideration))))))))) .)) (TOP (S But (NP-SBJ (NP some holders) (PP of (NP the Western Union notes))) (VP expect (S (NP-SBJ the company) (VP to (VP propose (NP (NP a more-attractive debt swap) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP give (NP them) (NP (NP a substantial equity stake) (PP in (NP the company)))))))))))) .)) (TOP (S (NP-SBJ Western Union) (VP has (VP had (NP major losses) (PP-TMP in (NP recent years)) (SBAR-ADV (SBAR as (S (NP-SBJ its telex business) (VP has (VP faltered (PP in (NP (NP the face) (PP of (NP (NP competition) (PP from (NP facsimile machines)))))))))) and (SBAR as (S (NP-SBJ other business ventures) (VP have (VP gone (ADVP-CLR awry)))))))) .)) (TOP (S-2 (NP-SBJ The major question) (PRN , (SINV (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP one holder) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP asked (S (NP-SBJ-4 *-3) not (VP to (VP be (VP named (NP *-4)))))))))) ,) (VP is (SBAR-PRD whether (S (NP-SBJ-6 (NP New York investor Bennett S. LeBow) , (SBAR (WHNP-5 whose Brooke Partners) (S (NP-SBJ *T*-5) (VP controls (NP Western Union)))) ,) (VP is (ADJP-PRD willing (S (NP-SBJ *-6) (VP to (VP offer (NP a (ADJP large enough) equity stake (S (NP-SBJ *) (VP to (VP entice (NP-7 bondholders) (PP-LOC into (S-NOM (NP-SBJ *-7) (VP agreeing (PP-CLR to (NP a new swap))))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP The (QP $ 500 million) *U*) (PP in (NP notes))) , (NP (NP the largest chunk) (PP of (NP (NP (NP Western Union 's) (QP $ 640 million) *U*) (PP in (NP long-term debt))))) ,) (VP stems (PP-CLR from (NP (NP (NP the company 's) major restructuring) (PP-TMP in (NP December 1987))))) .)) (TOP (S (NP-SBJ The notes) (VP became (ADJP-PRD burdensome) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ reset provisions) (VP allowed (S (NP-SBJ-3 their interest rate) (VP to (VP be (VP raised (NP *-3) (PP-DIR to (NP 19.25 %)) (NP-TMP last June))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (NP-SBJ-1 Western Union) (VP had (VP offered (S (NP-SBJ *-1) (VP to (VP swap (NP (NP each (ADJP $ 1,000 *U*) face amount) (PP of (NP the notes))) (PP for (NP (NP (NP six shares) (PP of (NP common stock))) and (NP (NP two new debt issues) : (NP (NP (NP a (ADJP $ 500 *U*) note) (VP paying (NP (NP an interest rate) (VP (VP starting (PP-CLR at (NP (NP 16.75 %) (ADVP-TMP annually)))) and (VP rising (PP-TMP in (NP later years)))))) , (ADJP due (PP-TMP in (NP 1992)))) , and (NP (NP a (ADJP $ 500 *U*) note) , (ADJP due (PP-TMP in (NP 1997))) , (VP (VP paying (NP (NP a fixed rate) (PP of (NP 17 %)))) and (VP including (NP (NP rights) (VP protecting (NP a holder) (PP-CLR against (NP (NP a decline) (PP in (NP (NP the trading price) (PP of (NP the bond)))))))))))))))))))) .)) (TOP (S (S (NP-SBJ Western Union) (VP must (VP make (NP (NP (QP $ 48 million) *U*) (PP in (NP (NP interest payments) (PP on (NP the reset notes))))) (PP-TMP on (NP Dec. 15))))) , and (S (NP-SBJ a company spokesman) (VP said (SBAR 0 (S (NP-SBJ-1 it) (ADVP fully) (VP intends (S (NP-SBJ *-1) (VP to (VP meet (NP the payments))))))))) .)) (TOP (S But (NP-SBJ Western Union) (VP has (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP must (VP lower (NP (NP the interest rate) (PP on (NP its debt))) (S-PRP (NP-SBJ *-1) (VP to (VP regain (NP full financial health)))))))))) .)) (TOP (S (NP-SBJ Genentech Inc.) (VP said (SBAR 0 (S (NP-SBJ (NP the West German distributor) (PP of (NP its heart drug TPA))) (VP reached (NP a joint marketing agreement) (PP-CLR with (NP (NP a subsidiary) (PP of (NP (NP Hoechst AG) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP the rival anti-clotting agent streptokinase)))))))))))) .)) (TOP (S (NP-SBJ The biotechnology concern) (VP said (SBAR 0 (S (NP-SBJ (NP the agreement) (PP between (NP (NP (NP its longtime West German distributor) , (NP (NP Boehringer-Ingleheim 's) Dr. Karl Thomae G.m.b.H. subsidiary) ,) and (NP (NP Hoechst 's) Behringwerke subsidiary)))) (VP was (NP-PRD an attempt (S (NP-SBJ *) (VP to (VP expand (NP (NP the market) (PP for (NP (NP blood-clot drugs) (PP in (NP general))))))))))))) .)) (TOP (S (NP-SBJ A Genentech spokeswoman) (VP said (SBAR 0 (S (NP-SBJ the agreement) (VP calls (SBAR for (S (NP-SBJ Hoechst) (VP to (VP (VP promote (NP-1 TPA) (PP-2 for (NP heart patients))) and (VP (NP=1 streptokinase) (PP-PRP=2 for (NP other clot-reducing purposes))))))))))) .)) (TOP (S (NP-SBJ (NP Investors) (PP in (NP the over-the-counter market))) (VP dumped (NP banking and insurance issues) , (S-ADV (NP-SBJ *) (VP sending (NP the Nasdaq composite index) (ADVP-DIR lower) (PP-TMP for (NP the third consecutive session))))) .)) (TOP (S (NP-SBJ All Nasdaq industry indexes) (VP finished (ADVP-CLR lower) , (SBAR-ADV with (S (NP-SBJ-1 financial issues) (VP hit (NP *-1) (NP-MNR the hardest))))) .)) (TOP (S (PP Despite (NP some early computer-guided program buying)) , (NP-SBJ the Nasdaq composite) (VP fell (NP-EXT 1.39) (PP-DIR to (NP 451.37))) .)) (TOP (S (NP-SBJ The OTC market) (ADVP-TMP now) (VP has (VP declined (PP-TMP in (NP (NP eight) (PP of (NP the past 11 sessions)))))) .)) (TOP (S (NP-SBJ The Nasdaq bank index) (VP fell (NP-EXT 5.00) (PP-DIR to (NP 432.61)) , (SBAR-ADV while (S (S (NP-SBJ the insurance index) (VP fell (NP-EXT 3.56) (PP-DIR to (NP 528.56)))) , and (S (NP-SBJ the `` other finance '' index) (VP dropped (NP-EXT 3.27) (PP-DIR to (NP 529.32))))))) .)) (TOP (S (NP-SBJ The largest financial issues) , (SBAR as (S (NP-SBJ *) (VP measured (PP by (NP the Nasdaq financial index))))) , (VP tumbled (NP-EXT 3.23) (X (PP-DIR to))))) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP (NP the index) (PP of (NP (NP the 100 biggest non-financial stocks) , (NP the Nasdaq 100) ,)))) (VP gained (NP 0.47) (PP-DIR to (NP 438.15))) .)) (TOP (S (NP-SBJ Profit-taking) (VP accounted (PP-CLR for (NP (NP much) (PP of (NP (NP the slide) (PP in (NP OTC stock prices)))))) , (PP according (PP to (NP (NP David Mills) , (NP (NP senior vice president) (PP of (NP Boston Company Advisers))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-3 (NP many portfolio managers) , (SBAR (WHNP-2 whose year-end bonuses) (S (NP-SBJ-1 *T*-2) (VP are (VP tied (NP *-1) (PP-CLR to (NP annual performance)))))) ,) (VP are (VP selling (ADVP-TMP now) (SBAR-ADV rather than (S (NP-SBJ *-3) (VP risk (VP seeing (S (NP-SBJ their gains) (VP erode (ADVP further)))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ The profit locking-in) (VP is (ADVP definitely) (VP going (PRT on)))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Mr. Mills) , (SBAR (WHNP-1 whose firm) (S (NP-SBJ *T*-1) (VP manages (NP (QP $ 600 million) *U*) (PP for (NP Boston Co)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Tax-loss sellers) (PRN , (NP (NP those investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sell (NP loss-making stocks) (SBAR-PRP so (S (NP-SBJ they) (VP can (VP deduct (NP their losses) (PP-CLR from (NP (NP this year 's) income)))))))))) ,)) (VP are (ADVP also) (VP getting (PRT out)))) , (NP-SBJ Mr. Mills) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 That) (VP 's (VP helping (S (NP-SBJ *-1) (VP put (NP pressure) (PP-PUT on (NP both (NP (NP the market 's) winners) and (NP its losers))))))) .)) (TOP (S `` (S-TPC-3 (S (NP-SBJ (NP The stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP been (NP-PRD the best)))))) (VP are (VP having (NP big pullbacks)))) , and (S (NP-SBJ-4 (NP the ones) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP have (VP been (NP-PRD the worst)))))) (VP are (VP getting (VP clobbered (NP *-4)))))) , '' (NP-SBJ Mr. Mills) (VP said (S *T*-3)) .)) (TOP (S (NP-SBJ He) (VP expects (S (NP-SBJ the market) (VP (VP to (VP sink (ADVP-CLR further))) and (VP to (VP reach (NP a low) (ADVP-TMP (ADVP (ADVP sometime) (NP next month)) or (PP in (NP December)))))))) .)) (TOP (S (NP-SBJ (NP The selling) (PP by (NP (NP money managers) and (NP individual investors)))) (VP is (VP turning (S (NP-SBJ traders) (ADJP-PRD bearish)) (ADVP as well))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ We) (VP are (VP advising (NP-2 (NP a lot) (PP of (NP our clients))) (S (NP-SBJ-4 *-2) (VP to (VP make (NP (NP moves) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP make (NP-CLR sense) (PP-CLR to (NP them)))))) , (PP rather than (S-NOM (NP-SBJ *-4) (VP waiting (PP-TMP until (NP the last minute)))))))) , (SBAR-PRP because (S (NP-SBJ things) (VP have (VP been (ADJP-PRD so volatile)))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP William Sulya) , (NP (NP head) (PP of (NP (NP OTC trading) (PP-LOC at (NP (NP A.G. Edwards & Sons) (PP-LOC in (NP St. Louis)))))))) .)) (TOP (S (NP-SBJ (NP Ralph Costanza) , (NP (NP head) (PP of (NP (NP the OTC trading department) (PP-LOC at (NP Smith Barney , Harris Upham))))) ,) (VP said (SBAR 0 (S (NP-SBJ many market players) (VP are (VP awaiting (NP (NP some resolution) (PP of (NP (NP the current debate) (PP over (NP program trading)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Much) (PP of (NP (NP the market 's) recent volatility))) (VP has (VP been (VP blamed (NP *-1) (PP-CLR on (NP (NP this large-scale computerized trading technique) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP can (VP send (S (NP-SBJ stock prices) (VP surging or plummeting (PP-TMP in (NP (NP a matter) (PP of (NP minutes))))))))))))))) .)) (TOP (S (NP-SBJ The problem) (VP has (VP been (ADJP-PRD particularly damaging (PP to (NP (NP the OTC market) , (ADVP traditionally) (NP (NP a base) (PP for (NP the small investor)))))))) .)) (TOP (S (NP-SBJ-2 Weisfield 's) (VP surged (NP-EXT 14) (PP-DIR to (NP 53)) (PP-TMP after (S-NOM (NP-SBJ-3 *-2) (VP agreeing (PP-MNR in (NP principle)) (S (NP-SBJ-1 *-3) (VP to (VP be (VP acquired (NP *-1) (PP by (NP-LGS (NP a unit) (PP of (NP Ratners Group)))) (PP-CLR for (NP (NP $ 50 *U*) (NP-ADV a share))))))))))) .)) (TOP (S (NP-SBJ The stock) (VP jumped (NP-EXT 9 1) (NP-TMP (NP Friday) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the company) (VP announced (SBAR 0 (S (NP-SBJ it) (VP was (PP-LOC-PRD in (NP takeover talks))))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP Ratners) and (NP Weisfield 's)) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP expect (S (NP-SBJ *-1) (VP (VP to (VP sign (NP definitive agreements) (ADVP-TMP shortly))) and (VP to (VP complete (NP the transaction) (PP-TMP by (NP Dec. 15)))))))))) .)) (TOP (S (NP-SBJ Mid-State Federal Savings Bank) (VP advanced (NP-EXT 1 1) (PP-DIR to (NP 20 1)) (SBAR-TMP after (S (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (PP-PRD in (NP (NP talks) (PP with (NP a possible acquirer))))))))))) .)) (TOP (S (NP-SBJ The bank) (VP said (SBAR 0 (S (NP-SBJ the talks) (VP resulted (PP-CLR from (NP (NP solicitations) (PP by (NP-LGS its financial adviser)))))))) .)) (TOP (S (NP-SBJ Jaguar) (VP assumed (NP (NP its (ADJP recently customary) place) (PP-LOC on (NP the OTC (ADJP most active) list))) (SBAR-TMP as (S (S (NP-SBJ its American depository receipts) (VP gained (NP 1) (PP-DIR to (NP 11 7)) (PP on (NP (NP volume) (PP of (NP (QP 1.2 million) shares)))))) and (S (NP-SBJ Daimler-Benz) (VP joined (NP (NP the list) (PP of (NP (NP companies) (ADJP interested (PP in (NP the British car maker))))))))))) .)) (TOP (S (NP-SBJ Daimler) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP had (NP (NP talks) (PP with (NP Jaguar)) (PP about (NP possible joint ventures)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP General Motors) and (NP Ford Motor)) (VP continue (NP (NP their pursuit) (PP of (NP the company)))) .)) (TOP (S (S (NP-SBJ Ford) (VP has (VP acquired (NP (NP (QP more than 13) %) (PP of (NP (NP Jaguar 's) shares)))))) , and (S (NP-SBJ GM) (VP has (VP received (NP U.S. regulatory clearance (S (NP-SBJ *) (VP to (VP buy (NP 15 %)))))))) .)) (TOP (S (NP-SBJ ShowBiz Pizza Time) (VP gained (NP 1 1) (PP-DIR to (NP 13))) .)) (TOP (S (NP-SBJ The company) (VP reported (NP (NP third-quarter operating profit) (PP of (NP (NP 37 cents) (NP-ADV a share)))) , (PP compared (PP-CLR with (NP (NP (NP 12 cents) (NP-ADV a share)) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ (NP A third-quarter charge) (PP of (NP (QP $ 3.5 million) *U*)) (VP related (NP *) (PP-CLR to (NP planned restaurant closings)))) (VP resulted (PP-CLR in (NP (NP a net loss) (PP for (NP the quarter))))) .)) (TOP (S (NP-SBJ (NP Employers Casualty) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP reported (NP a (ADJP (QP $ 53.9 million) *U*) third-quarter loss) (NP-TMP late Friday)))) ,) (VP fell (NP-EXT 2 1) (PP-DIR to (NP 13 3))) .)) (TOP (S (NP-SBJ The loss) (VP was (ADVP largely) (ADJP-PRD due (PP to (NP (NP a (ADJP (QP $ 55.2 million) *U*) addition) (PP to (NP reserves)))))) .)) (TOP (S (NP-SBJ Employers Casualty) (VP had (NP (NP a loss) (PP of (NP (QP $ 3.6 million) *U*))) (PP-TMP in (NP the year-earlier quarter))) .)) (TOP (S (NP-SBJ Old Stone) (VP fell (NP-EXT 1 5) (PP-DIR to (NP 13 1))) .)) (TOP (S (NP-TMP Late Friday) , (NP-SBJ-1 the company) (VP reported (NP (NP a loss) (PP of (NP (QP $ 51.3 million) *U*)) (PP-TMP for (NP the third quarter))) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP earning (NP (QP $ 9.2 million) *U*) (ADVP-TMP (NP a year) before))))) .)) (TOP (S (NP-SBJ The loss) (VP came (PP-TMP after (NP (NP a (ADJP (QP $ 23.3 million) *U*) addition) (PP to (NP loan-loss reserves))))) .)) (TOP (S (NP-SBJ The bank) (VP made (NP a (ADJP (QP $ 4.5 million) *U*) provision) (PP-TMP in (NP the 1988 quarter))) .)) (TOP (S (NP-SBJ Old Stone) (VP repeated (NP projections (SBAR that (S (NP-SBJ it) (VP (VP will (VP be (ADJP-PRD profitable) (PP-TMP for (NP the fourth quarter)))) and (VP will (VP (ADVP about) break (ADVP-CLR even) (PP-TMP for (NP the year))))))))) .)) (TOP (S (NP-SBJ-2 Abraham Lincoln Federal Savings Bank) (VP sank (NP-EXT 4) (PP-DIR to (NP 13 1)) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP announcing (NP (NP a shakeup) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP (VP change (NP senior management)) and (VP reorganize (NP (NP the bank 's) mortgage business) (PP-CLR as (NP a separate unit)))))))))))) .)) (TOP (S (NP-SBJ The bank) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP establish (NP (NP a loan-loss reserve) (PP of (NP (QP $ 2.5 million to $ 4 million) *U*))) (PP against (NP (NP a construction loan) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (PP-PRD in (NP default)))))))))))) .)) (TOP (S (NP-SBJ (NP The bank) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP previously) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (PP-PRD for (NP sale)))))))) ,) (VP said (SBAR (SBAR 0 (S (NP-SBJ it) (VP has (VP received (NP no offers))))) and (SBAR that (S (NP-SBJ its board) (VP will (VP review (SBAR whether (S (NP-SBJ-2 *) (VP to (VP continue (S (NP-SBJ *-2) (VP soliciting (NP bids))))))))))))) .)) (TOP (S (NP-SBJ-2 Medical scientists) (VP are (VP starting (S (NP-SBJ *-2) (VP to (VP uncover (NP (NP a handful) (PP of (NP (NP genes) (SBAR (WHNP-3 which) (S (NP-SBJ-4 *T*-3) (PRN , (SBAR-ADV if (S (NP-SBJ-5 *-4) (VP damaged (NP *-5)))) ,) (VP unleash (NP (NP the chaotic growth) (PP of (NP cells)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP characterizes (NP cancer)))))))))))))))) .)) (TOP (S (NP-SBJ Scientists) (VP say (SBAR 0 (S (NP-SBJ (NP the discovery) (PP of (NP these genes)) (PP-TMP in (NP recent months))) (VP is (VP painting (NP (NP a (ADJP new and startling) picture) (PP of (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ cancer) (VP develops (ADVP-MNR *T*-1))))))))))) .)) (TOP (S (NP-SBJ-1 (NP An emerging understanding) (PP of (NP the genes))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP produce (NP (NP an array) (PP of (NP (NP new strategies) (PP for (NP future cancer treatment and prevention)))))))))) .)) (TOP (S (NP-SBJ That) (VP is (PP-PRD for (NP the future))) .)) (TOP (S (ADVP-TMP Already) , (NP-SBJ scientists) (VP are (VP developing (NP (NP tests) (VP based (NP *) (PP-CLR on (NP the (ADJP newly identified) genes))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) , (PP-TMP for (NP the first time)) , (VP can (VP predict (SBAR whether (S (NP-SBJ-2 an (ADJP otherwise healthy) individual) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP get (NP cancer))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP 's (NP-PRD (NP a super-exciting set) (PP of (NP discoveries))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Bert Vogelstein) , (NP (NP a Johns Hopkins University researcher) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (ADVP just) (VP found (NP (NP a gene) (ADJP pivotal (PP to (NP (NP the triggering) (PP of (NP colon cancer)))))))))))) .)) (TOP (S `` (ADVP-TMP (NP Only a decade) ago) (NP-SBJ cancer) (VP was (NP-PRD (NP a black box) (SBAR (WHPP-1 about (WHNP which)) (S (NP-SBJ we) (VP knew (NP nothing) (PP-CLR *T*-1) (PP at (NP the molecular level))))))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ we) (VP know (SBAR that (S (NP-SBJ (NP the accumulation) (PP of (NP (NP several) (PP of (NP these altered genes))))) (VP can (VP (VP initiate (NP a cancer)) and (PRN , (ADVP then) ,) (VP propel (NP it) (PP-CLR into (NP a deadly state)))))))) . '')) (TOP (S (NP-SBJ Scientists) (VP call (S (NP-SBJ (NP the new class) (PP of (NP genes))) (NP-PRD (NP tumor-suppressors) (PRN , or (ADVP simply) (NP anti-cancer genes))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ *-3) (VP functioning (ADVP-MNR normally) (ADVP-TMP *T*-2)))) , (NP-SBJ-3 they) (VP make (NP (NP proteins) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP hold (NP (NP a cell 's) growth) (PP-CLR in (NP check))))))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ-1 the genes) (VP are (VP damaged (NP *-1) (PRN -- (PP-MNR perhaps (PP by (NP (NP radiation) , (NP a chemical))) or (PP through (NP (NP a chance accident) (PP in (NP cell division))))) --))))) (S (NP-SBJ their growth-suppressing proteins) (ADVP-TMP no longer) (VP work)) , and (S (NP-SBJ (NP cells) (PP (ADVP normally) under (NP control))) (VP turn (ADJP-PRD malignant))) .)) (TOP (S (NP-SBJ The (ADJP newly identified) genes) (VP differ (PP-CLR from (NP (NP a family) (PP of (NP (NP genes) (VP discovered (NP *) (PP-TMP in (NP the early 1980s))))) (VP called (S (NP-SBJ *) (NP-PRD oncogenes)))))) .)) (TOP (S (S (NP-SBJ Oncogenes) (VP must (VP be (ADJP-PRD present) (SBAR-PRP for (S (NP-SBJ a cell) (VP to (VP become (ADJP-PRD malignant)))))))) , but (S (NP-SBJ researchers) (VP have (VP found (NP them) (PP-LOC (PP in (NP normal (NX *RNR*-1))) (CONJP as well as) (PP in (NP cancerous (NX *RNR*-1))) (NX-1 cells)) , (S-ADV (NP-SBJ *) (VP suggesting (SBAR that (S (NP-SBJ oncogenes) (VP do n't (VP cause (NP cancer) (PP by (NP themselves))))))))))) .)) (TOP (S (PP-TMP In (NP recent months)) , (NP-SBJ-2 researchers) (VP have (VP come (S (NP-SBJ *-2) (VP to (VP believe (SBAR 0 (S (S (NP-SBJ (NP the two types) (PP of (NP cancer genes))) (VP work (PP-MNR in (NP concert)))) : (S (NP-SBJ An oncogene) (VP may (VP turn (S (NP-SBJ proliferating cells) (ADJP-PRD malignant)) (SBAR-TMP only after (S (NP-SBJ-1 the tumor-suppressor gene) (VP has (VP been (VP damaged (NP *-1)))))))))))))))) .)) (TOP (S (PP Like (NP all genes)) , (NP-SBJ-1 tumor-suppressor genes) (VP are (VP inherited (NP *-1) (PP-MNR in (NP (NP two copies) , (NP (NP one) (PP from (NP each parent))))))) .)) (TOP (S (S (NP-SBJ Either copy) (VP can (VP make (NP (NP the proteins) (VP needed (NP *) (S-PRP (NP-SBJ *) (VP to (VP control (NP cell growth))))))))) , so (S (SBAR-PRP for (S (NP-SBJ cancer) (VP to (VP arise)))) , (NP-SBJ both copies) (VP must (VP be (ADJP-PRD impaired)))) .)) (TOP (S (NP-SBJ (NP A person) (SBAR (SBAR (WHNP-3 who) (S (NP-SBJ-1 *T*-3) (VP is (VP born (NP *-1) (PP with (NP (NP one defective copy) (PP of (NP a suppressor gene)))))))) , or (SBAR (WHPP-4 in (WHNP whom)) (S (NP-SBJ-2 one copy) (VP is (VP damaged (NP *-2) (ADVP-TMP early (PP in (NP life))) (PP-LOC *T*-4))))) ,)) (VP is (ADJP-PRD especially prone (PP to (NP cancer))) (SBAR-PRP because (S (NP-SBJ-5 he) (VP need (ADVP only) (S (NP-SBJ *-5) (VP lose (NP the other copy))) (SBAR-PRP for (S (NP-SBJ a cancer) (VP to (VP develop)))))))) .)) (TOP (S (NP-SBJ-1 Emerging genetic tests) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP spot (NP such cancer-susceptible individuals))))) , (S-ADV (NP-SBJ *) (VP ushering (PRT in) (SBAR-NOM (WHNP-2 what) (S (NP-SBJ some scientists) (VP believe (SBAR 0 (S (NP-SBJ *T*-2) (VP is (NP-PRD (NP a new age) (PP of (NP predictive cancer diagnosis))))))))))))) .)) (TOP (S (NP-SBJ Bill and Bonnie Quinlan) (VP are (PP-PRD among (NP (NP the first beneficiaries) (PP of (NP the new findings))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Dedham , Mass. ,) couple) (VP knew (SBAR-TMP even before (S (NP-SBJ Bonnie) (VP became (ADJP-PRD pregnant) (PP-TMP in (NP 1987))))) (SBAR that (S (NP-SBJ (NP any child) (PP of (NP theirs))) (VP had (NP (NP a (ADJP 50 %) chance) (PP of (S-NOM (NP-SBJ *) (VP being (PP-PRD at (NP (NP risk) (PP for (NP (NP retinoblastoma) , (NP (NP an eye cancer) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP occurs (NP-TMP about once) (NP-TMP every 20,000 births))))))))))))))))) .)) (TOP (S (NP-SBJ-3 (NP Mr. Quinlan) , (ADJP (NP 30 years) old) ,) (VP knew (SBAR 0 (S (NP-SBJ he) (VP carried (NP a damaged gene)))) , (S-ADV (NP-SBJ *-3) (VP having (VP lost (NP an eye) (PP-CLR to (NP the rare tumor)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP was (ADJP-PRD (NP only two months) old) (ADVP-TMP *T*-1)))) -- (SBAR-TMP after (S (NP-SBJ his mother) (VP had (VP suffered (NP the same fate) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ she) (VP was (NP-PRD a baby) (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (PP-PRP Because of (NP (NP the isolation) (PP of (NP the retinoblastoma tumor-suppressor gene)))) , (NP-SBJ (NP it) (S *EXP*-1)) (VP became (ADJP-PRD possible) (NP-TMP last January) (S-1 (NP-SBJ *) (VP to (VP find (PRT out) (SBAR (WHNP-2 what threat) (S (NP-SBJ the Quinlan baby) (VP faced (NP *T*-2)))))))) .)) (TOP (S (NP-SBJ (NP A test) (VP using (NP new `` genetic probes ''))) (VP showed (SBAR that (S (NP-SBJ little Will Quinlan) (VP had not (VP (VP inherited (NP a damaged retinoblastoma supressor gene)) and (PRN , (ADVP therefore) ,) (VP faced (NP (NP (ADJP no more) risk) (PP than (NP other children)) (PP of (S-NOM (NP-SBJ *) (VP developing (NP the rare cancer))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP made (NP our New Year))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Quinlan) .)) (TOP (S (NP-SBJ This test) (VP was (NP-PRD (NP the first) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP predict (ADVP-MNR reliably) (SBAR whether (S (NP-SBJ-1 an individual) (VP could (VP expect (S (NP-SBJ *-1) (VP to (VP develop (NP cancer)))))))))))))) .)) (TOP (S (ADVP Equally important) , (NP-SBJ (NP the initial discovery) (PP of (NP (NP the gene) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP controls (NP retinal cell growth)))))) , (VP made (NP *) (PP by (NP-LGS (NP a Boston doctor) (VP named (S (NP-SBJ *) (NP-PRD Thaddeus Dryja)))))) ,) (VP has (VP opened (NP (NP a field) (PP of (NP cancer study)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (PP-TMP in (NP recent months)) (VP has (VP exploded))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP turns (PRT out) (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP studying (NP a (ADJP tragic but uncommon) tumor))) (VP made (S (ADJP-PRD possible) (NP-SBJ (NP some fundamental insights) (PP about (NP (NP the (ADJP most basic) workings) (PP of (NP cancer))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Samuel Broder) , (NP (NP director) (PP of (NP the National Cancer Institute)))) .)) (TOP (S `` (S (NP-SBJ All this) (VP may not (VP be (ADJP-PRD obvious (PP to (NP (NP the public) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD concerned (PP about (NP (NP advances) (PP in (NP treatment)))))))))))))) , but (S (NP-SBJ I) (VP am (ADJP-PRD convinced (SBAR 0 (S (NP-SBJ-2 this basic research) (VP will (VP begin (S (NP-SBJ *-2) (VP showing (NP results) (ADVP-LOC there) (ADVP-TMP soon)))))))))) . '')) (TOP (S (PP-TMP To (NP date)) , (NP-SBJ scientists) (VP have (VP fingered (NP (NP two) (PP of (NP these cancer-suppressors))))) .)) (TOP (S (NP-SBJ Dr. Dryja) (VP made (NP his retinoblastoma discovery) (PP-TMP in (NP 1986))) .)) (TOP (S (ADVP Then) (NP-TMP last spring) , (NP-SBJ-2 researchers) (VP reported (S (NP-SBJ *-2) (VP finding (NP (NP a gene) (VP called (S (NP-SBJ *) (NP-PRD p53))) (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (PRN , (SBAR-ADV if (S (NP-SBJ-4 *-3) (VP impaired (NP *-4)))) ,) (VP turns (S (NP-SBJ healthy colon cells) (ADJP-PRD cancerous))))))))) .)) (TOP (S (PP-TMP Soon after (NP that report)) , (NP-SBJ two other research teams) (VP uncovered (NP evidence (SBAR that (S (NP-SBJ the same damaged p53 gene) (VP is (ADJP-PRD present (PP-LOC in (NP (NP tissue) (PP from (NP lung and breast cancers)))))))))) .)) (TOP (S (NP-SBJ Colon , lung and breast cancers) (VP are (NP-PRD (NP the (ADJP most common and lethal) forms) (PP of (NP the disease)) , (VP (ADVP collectively) killing (NP (NP (QP almost 200,000) Americans) (NP-ADV a year))))) .)) (TOP (S (ADVP-TMP Right now) (NP-SBJ-1 (NP (QP about a dozen) laboratories) , (PP-LOC in (NP (NP the U.S.) , (NP Canada) and (NP Britain))) ,) (VP are (VP racing (S (NP-SBJ *-1) (VP to (VP unmask (NP other suspected tumor-suppressing genes)))))) .)) (TOP (S (NP-SBJ They) (VP have (NP (QP about seven) candidates)) .)) (TOP (S (NP-SBJ Researchers) (VP say (SBAR 0 (S (NP-SBJ (NP the inactivation) (PP of (NP tumor-suppressor genes)) , (UCP (ADVP alone) or (PP in (NP combination))) ,) (VP appears (ADJP-PRD crucial (PP to (NP (NP the development) (PP of (NP (NP such scourges) (PP as (NP (NP cancer) (PP of (NP (NP the brain) , (NP the skin) , (NP kidney) , (NP prostate) , and (NP cervix)))))))))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD evidence (SBAR that (S (SBAR-ADV if (S (NP-SBJ people) (VP inherit (NP (NP defective versions) (PP of (NP these genes)))))) , (NP-SBJ they) (VP are (ADJP-PRD especially prone (PP to (NP cancer))) , (S-ADV (NP-SBJ *) (ADVP perhaps) (VP explaining , (ADVP finally) , (SBAR (WHADVP-1 why) (S (NP-SBJ-2 some cancers) (VP seem (S (NP-SBJ *-2) (VP to (VP haunt (NP certain families) (ADVP-PRP *T*-1)))))))))))))) .)) (TOP (S (NP-SBJ (NP The story) (PP of (NP tumor-suppressor genes))) (VP goes (ADVP-CLR back (PP to (NP (NP the 1970s) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP a pediatrician) (VP named (S (NP-SBJ *) (NP-PRD Alfred G. Knudson Jr.)))) (VP proposed (SBAR that (S (NP-SBJ retinoblastoma) (VP stemmed (PP-CLR from (NP two separate genetic defects))))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ He) (VP theorized (SBAR that (S (PP-LOC in (NP the eye cancer)) , (NP-SBJ an infant) (VP (VP inherited (NP-1 (NP a damaged copy) (PP of (NP a gene))) (PP-CLR-2 from (NP one parent))) and (VP (NP=1 a normal copy) (PP-CLR=2 from (NP the other))))))) .)) (TOP (S-2 (NP-SBJ The tumor) (PRN , (S (NP-SBJ he) (VP suggested (SBAR 0 (S *T*-2)))) ,) (VP developed (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 the second , normal copy) (ADVP also) (VP was (VP damaged (NP *-1) (ADVP-TMP *T*-3)))))) .)) (TOP (S But (NP-SBJ there) (VP was (NP-PRD (NP no way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP prove (NP (NP Dr. Knudson 's) `` two-hit '' theory) (ADVP-MNR *T*-1))))))) .)) (TOP (S (ADVP-TMP Back then) , (S (NP-SBJ scientists) (VP had (NP (NP no way) (PP of (S-NOM (NP-SBJ *) (VP ferreting (PRT out) (NP specific genes))))))) , but (S (PP-LOC under (NP a microscope)) (NP-SBJ they) (VP could (VP see (NP (NP the 23 pairs) (PP of (NP chromosomes)) (PP-LOC in (NP (NP the cells) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP contain (NP the genes)))))))))) .)) (TOP (S (ADVP-TMP Occasionally) , (NP-SBJ gross chromosome damage) (VP was (ADJP-PRD visible)) .)) (TOP (S (NP-SBJ Dr. Knudson) (VP found (SBAR that (S (NP-SBJ (NP some children) (PP with (NP the eye cancer))) (VP had (VP inherited (NP (NP a damaged copy) (PP of (NP chromosome No. 13))) (PP-CLR from (NP (NP a parent) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP had (NP the disease)))))))))))) .)) (TOP (S (PP-LOC Under (NP a microscope)) (NP-SBJ he) (VP could (ADVP actually) (VP see (SBAR that (S (NP-SBJ (NP a bit) (PP of (NP chromosome 13))) (VP was (ADJP-PRD missing)))))) .)) (TOP (S (NP-SBJ He) (VP assumed (SBAR 0 (S (NP-SBJ the missing piece) (VP contained (NP (NP (NP a gene) or (NP genes)) (SBAR (WHNP-1 whose loss) (S (NP-SBJ *T*-1) (VP had (NP (NP a critical role) (PP-LOC in (S-NOM (NP-SBJ *) (VP setting (PRT off) (NP the cancer))))))))))))) .)) (TOP (S But (NP-SBJ he) (VP did n't (VP know (SBAR (WHNP-1 which gene or genes) (S (NP-SBJ *T*-1) (VP had (VP disappeared)))))) .)) (TOP (S (ADVP-TMP Then) , (NP-SBJ (NP a scientific team) (VP led (NP *) (PP by (NP-LGS (NP molecular geneticist Webster Cavenee) (PRN , (ADVP-TMP then) (PP-LOC at (NP (NP the University) (PP of (NP Utah)))) ,))))) (VP found (NP the answer)) .)) (TOP (S (NP-SBJ The team) (VP used (NP (NP a battery) (PP of (NP (NP the (ADJP newly developed) `` gene probes) , '' (NP (NP snippets) (PP of (NP genetic material)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP can (VP track (NP (NP a gene 's) presence) (PP-LOC in (NP a cell))))))))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP analyzing (NP (NP cells) (VP extracted (NP *) (PP-CLR from (NP eye tumors))))))) , (NP-SBJ-1 they) (VP found (NP (NP defects) (PP-LOC in (NP (NP the second copy) (PP of (NP chromosome 13))))) (PP-LOC-CLR in (NP (NP the exact area) (PP as (PP in (NP (NP the first copy) (PP of (NP the chromosome)))))))) .)) (TOP (S (NP-SBJ The finding) (VP riveted (NP medicine)) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP the first time) (SBAR (WHADVP-1 0) (S (NP-SBJ anyone) (VP had (VP showed (SBAR that (S (NP-SBJ (NP the loss) (PP of (NP (NP both copies) (PP of (NP the same gene))))) (VP could (VP lead (PP-CLR to (NP (NP the eruption) (PP of (NP a cancer)))))))) (ADVP-TMP *T*-1))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP was (ADJP-PRD extraordinarily satisfying))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Dr. Knudson) (PRN , (ADVP-TMP now) (PP-LOC at (NP (NP Fox Chase Cancer Research Center) (PP-LOC in (NP Philadelphia)))))) .)) (TOP (S `` (NP-SBJ I) (VP was (ADJP-PRD convinced (SBAR that (S (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD true (PP of (NP retinoblastoma)))))) (VP would (VP be (ADJP-PRD true (PP for (NP all cancers))))))))) . '')) (TOP (S (NP-SBJ It) (VP was (NP-PRD an audacious claim)) .)) (TOP (S But (PP-LOC in (NP Baltimore)) , (NP-SBJ-1 (NP Dr. Vogelstein) , (NP (NP a young molecular biologist) (PP-LOC at (NP Johns Hopkins Medical School))) ,) (VP (VP believed (SBAR 0 (S (NP-SBJ Dr. Knudson) (VP was (ADJP-PRD right))))) , and (VP set (PRT out) (S (NP-SBJ *-1) (VP to (VP repeat (NP the Cavenee experiment) (PP-LOC in (NP (NP cells) (PP from (NP other cancers))))))))) .)) (TOP (S (NP-SBJ His) (VP was (NP-PRD (NP one) (PP of (NP two research teams)) (PP-TMP in (NP 1984)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP report (NP dual chromosome losses) (PP-CLR for (NP (NP a rare childhood cancer) (PP of (NP the kidney)) (VP called (S (NP-SBJ *) (NP-PRD (NP Wilm 's) tumor))))))))))) .)) (TOP (S (NP-SBJ Dr. Vogelstein) (ADVP-TMP next) (VP turned (NP his attention) (PP-CLR to (NP (NP colon cancer) , (NP (NP the (ADJP second biggest) cancer killer) (PP-LOC in (NP the U.S.)) (PP after (NP lung cancer)))))) .)) (TOP (S (NP-SBJ He) (VP believed (SBAR 0 (S (NP-SBJ colon cancer) (VP might (ADVP also) (VP arise (PP-CLR from (NP (NP multiple `` hits '') (PP on (NP cancer suppressor genes)))) , (SBAR-PRP because (S (NP-SBJ-1 it) (ADVP-TMP often) (VP seems (S (NP-SBJ *-1) (VP to (VP develop (PP-MNR in (NP stages))))))))))))) .)) (TOP (S (NP-SBJ-1 It) (ADVP-TMP often) (VP is (VP preceded (NP *-1) (PP by (NP-LGS (NP the development) (PP of (NP (NP polyps) (PP-LOC in (NP the bowel)) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (PP-LOC in (NP some cases)) (VP become (ADJP-PRD increasingly malignant) (PP-MNR in (NP identifiable stages)) (PRN -- (S-ADV (NP-SBJ *-3) (VP progressing (PP-CLR from (ADJP less severe)) (PP-CLR to (ADJP deadly)))) --) (SBAR-ADV as though (S (NP-SBJ (NP a cascade) (PP of (NP genetic damage))) (VP might (VP be (VP occurring)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Dr. Vogelstein) and (NP (NP a doctoral student) , (NP Eric Fearon) ,)) (VP began (NP-TMP (NP months) (PP of (NP (NP (ADJP (ADJP tedious) and (ADJP often frustrating)) probing) (PP of (NP the chromosomes))))) (S-ADV (NP-SBJ *-1) (VP searching (PP-CLR for (NP (NP signs) (PP of (NP genetic damage))))))) .)) (TOP (S (NP-SBJ-1 They) (VP began (S (NP-SBJ *-1) (VP uncovering (NP (NP a confusing variety) (PP of (NP (NP genetic deletions) , (NP (NP (NP some) (VP existing (ADVP only) (PP-LOC in (NP benign polyps)))) , (NP (NP others) (PP-LOC in (NP malignant cells))) and (NP (NP many) (PP-LOC in (NP both (NP polyps) and (NP malignant cells))))))))))) .)) (TOP (S (ADVP-MNR Gradually) , (NP-SBJ (NP a coherent picture) (PP of (NP cancer development))) (VP emerged) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ (NP both copies) (PP of (NP a certain gene))) (VP were (VP knocked (PRT out))))) , (NP-SBJ benign polyps) (VP would (VP develop)) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 (NP both copies) (PP of (NP a second gene))) (VP were (ADVP-TMP then) (VP deleted (NP *-1))))) , (NP-SBJ the polyps) (VP would (VP progress (PP-CLR to (NP malignancy)))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-3)) (VP was (ADJP-PRD clear) (SBAR-3 that (S (NP-SBJ-2 (QP more than one) gene) (VP had (S (NP-SBJ-1 *-2) (VP to (VP be (VP damaged (NP *-1))))) (SBAR-PRP for (S (NP-SBJ colon cancer) (VP to (VP develop)))))))) .)) (TOP (S (NP-SBJ Their report) (VP galvanized (NP other molecular biologists)) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ It) (VP was (NP-PRD (NP the confirming evidence (SBAR *ICH*-2)) (SBAR (WHNP-1 0) (S (NP-SBJ (NP we) (NP all)) (VP needed (NP *T*-1)))) (SBAR-2 that (S (NP-SBJ -LCB- gene -RCB- losses) (VP were (ADJP-PRD critical (PP to (NP (NP the development) (PP of (NP a common tumor))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Ray White) (PP-LOC at (NP (NP Howard Hughes Medical Institute) (PP-LOC in (NP Salt Lake City))))) .)) (TOP (S But (NP-SBJ-2 Dr. Vogelstein) (VP had (ADVP yet) (S (NP-SBJ *-2) (VP to (VP nail (NP (NP the identity) (PP of (NP (NP the gene) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (PRN , (SBAR-ADV if (S (NP-SBJ-4 *-3) (VP damaged (NP *-4)))) ,) (VP flipped (NP a colon cell) (PP-CLR into (NP full-blown malignancy)))))))))))) .)) (TOP (S (NP-SBJ They) (VP focused (PP-CLR on (NP chromosome 17))) .)) (TOP (S (PP-TMP For (NP months)) (NP-SBJ-1 the Johns Hopkins researchers) , (S-MNR (NP-SBJ *-1) (VP using (NP gene probes))) , (VP (ADVP-MNR experimentally) crawled (PP-DIR down (NP (NP the length) (PP of (NP chromosome 17)))) , (S-ADV (NP-SBJ *-1) (VP looking (PP-CLR for (NP (NP the smallest common bit) (PP of (NP genetic material)) (VP lost (NP *) (PP-LOC in (NP all tumor cells)))))))) .)) (TOP (S (NP-SBJ (NP Such a piece) (PP of (NP DNA))) (VP would (ADVP probably) (VP constitute (NP a gene))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ they) (VP found (NP it) (NP-TMP last winter) (ADVP-TMP *T*-1)))) , (NP-SBJ Dr. Vogelstein) (VP was (ADJP-PRD dubious (SBAR that (S (NP-SBJ the search) (VP was (ADVP-PRD over)))))) .)) (TOP (S (NP-SBJ His doubts) (VP stemmed (PP-CLR from (NP the fact (SBAR that (S (ADVP-TMP (NP several years) earlier) (NP-SBJ (NP a Princeton University researcher) , (NP Arnold Levine) ,) (VP had (VP found (PP-LOC in (NP (NP experiments) (PP with (NP mice)))) (SBAR that (S (NP-SBJ (NP a gene) (VP called (S (NP-SBJ *) (NP-PRD p53)))) (VP could (VP transform (NP normal cells) (PP-CLR into (NP cancerous ones))))))))))))) .)) (TOP (S (NP-SBJ (NP The deletion) (SBAR (WHNP-1 0) (S (NP-SBJ Dr. Vogelstein) (VP found (NP *T*-1))))) (VP was (PP-LOC-PRD in (NP (NP exactly the same spot) (PP as (NP p53))))) .)) (TOP (S But (NP-SBJ Mr. Levine) (VP had (VP said (SBAR 0 (S (NP-SBJ-2 the p53 gene) (VP caused (NP cancer) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP promoting (NP growth)))) , (SBAR-ADV whereas (S (NP-SBJ the Johns Hopkins scientists) (VP were (VP looking (PP-CLR for (NP (NP a gene) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP suppressed (NP growth))))))))))))))) .)) (TOP (S (S (PP Despite (NP that)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the Johns Hopkins scientists) (VP compared (NP (NP the gene) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP had (VP found (NP *T*-2) (PP-LOC in (NP the human cancer cells))))))) (PP-CLR with (NP (NP the Mr. Levine 's) p53 gene)) (ADVP-TMP *T*-1)))) (NP-SBJ they) (VP found (SBAR 0 (S (NP-SBJ the two) (VP were (ADJP-PRD identical)))))) ; (S (NP-SBJ it) (VP turned (PRT out) (SBAR that (S (PP-LOC in (NP (NP Mr. Levine 's) cancer studies)) , (NP-SBJ he) (VP had (ADVP-MNR unknowingly) (VP been (VP observing (NP (NP a damaged form) (PP of (NP (NP p53) -- (NP a cancer-suppressing gene))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The discovery) `` (VP (ADVP-MNR suddenly) puts (NP an obscure gene) (PP-PUT (ADVP right) in (NP (NP the cockpit) (PP of (NP cancer formation)))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Robert Weinberg) , (NP (NP a leader) (PP in (NP cancer-gene research)) (PP-LOC at (NP (NP Whitehead Institute) (PP-LOC in (NP (NP Cambridge) , (NP Mass))))))) .)) (TOP (S (NP-SBJ Evidence (SBAR *ICH*-2)) (ADVP-TMP now) (VP is (VP emerging (SBAR-2 that (S (NP-SBJ the p53 suppressor gene) (VP is (ADJP-PRD involved (PP in (NP other cancers))) , (ADVP too)))))) .)) (TOP (S (NP-SBJ (NP Researchers) (PP-LOC in (NP (NP Edinburgh) , (NP Scotland) ,))) (VP have (VP found (SBAR that (S (PP-LOC in (NP (QP 23 of 38) breast tumors)) , (NP-SBJ-1 (NP one copy) (PP of (NP chromosome 17))) (VP was (VP mutated (NP *-1) (PP-LOC at (NP (NP the spot) (SBAR (WHADVP-2 where) (S (NP-SBJ gene p53) (VP lies (ADVP-LOC-CLR *T*-2)))))))))))) .)) (TOP (S (NP-SBJ The scientists) (VP say (SBAR that (S (SBAR-PRP since (S (NP-SBJ breast cancer) (ADVP-TMP often) (VP strikes (NP (NP multiple members) (PP of (NP certain families)))))) , (NP-SBJ (NP the gene) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ *) (VP inherited (PP-MNR in (NP a damaged form)) (ADVP-TMP *T*-1)))) ,) (VP may (VP predispose (NP women) (PP-CLR to (NP the cancer))))))) .)) (TOP (S (NP-SBJ-1 The p53 gene) (VP has (ADVP just) (VP been (VP implicated (NP *-1) (PP-CLR in (NP lung cancer))))) .)) (TOP (S (PP-LOC In (NP (NP a report) (ADVP-LOC out) (NP-TMP last week))) , (NP-SBJ (NP (NP John Minna) and (NP colleagues)) (PP-LOC at (NP the National Cancer Institute))) (VP say (SBAR that (S (NP-SBJ (NP (QP about half) the cells) (VP taken (NP *) (PP-CLR from (NP (NP lung cancer tissue) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP tested (NP *T*-1)))))))) (VP are (VP missing (NP this gene)))))) .)) (TOP (S (NP-SBJ There) (ADVP also) (VP are (NP-PRD (NP reports) (PP from (NP several labs)) , (VP (ADVP-TMP as yet) unpublished (NP *)) , (PP of (NP (NP missing p53 genes) (PP-LOC in (NP (NP tissue) (VP taken (NP *) (PP-CLR from (NP kidney , brain and skin cancers))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 the Johns Hopkins team and others) (VP are (VP rushing (S (NP-SBJ *-1) (VP to (VP pinpoint (NP other tumor-suppressor genes)))))) .)) (TOP (S (NP-SBJ-1 Dr. Vogelstein) (VP hopes (S (NP-SBJ *-1) (ADVP-TMP soon) (VP to (VP isolate (NP one) (PP-LOC-CLR on (NP (NP chromosome 18) (PRN , (ADVP also) (ADJP involved (PP in (NP colon cancer)))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Ray White) (PP-LOC in (NP Utah))) and (NP (NP Walter Bodmer) , (NP (NP a researcher) (PP-LOC in (NP Great Britain))) ,)) (VP are (ADVP-LOC-PRD close (PP to (S-NOM (NP-SBJ *-1) (VP finding (NP (NP (NP another gene) (ADJP involved (PP with (NP (NP some types) (PP of (NP colon cancer))))) , (VP thought (S (NP-SBJ *) (VP to (VP be (PP-PRD on (NP chromosome 5))))))))))))) .)) (TOP (S (NP-SBJ Dr. Minna) (VP believes (SBAR 0 (S (NP-SBJ (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP inherit (NP (NP a defective gene) (PP-LOC somewhere on (NP (NP one) (PP of (NP (NP their two copies) (PP of (NP chromosome 3))))))))))) (VP are (ADJP-PRD especially prone (PP to (NP lung cancer))))))) .)) (TOP (S (ADVP-TMP Recently) , (NP-SBJ (NP he) and (NP others)) (VP reported (SBAR that (S (NP-SBJ the retinoblastoma suppressor gene) (VP may (ADVP also) (VP be (ADJP-PRD involved (PP in (NP (NP some lung cancers) , (CONJP as well as) (NP several other (ADJP more common) cancers)))) , (ADVP too)))))) .)) (TOP (S (SBAR-TPC-2 (WHADVP-1 Where) (S (NP-SBJ these discoveries) (VP will (VP lead (ADVP-DIR *T*-1))))) , (NP-SBJ scientists) (VP can (ADVP only) (VP speculate (SBAR *T*-2))) .)) (TOP (S (ADVP Already) (NP-SBJ-1 (NP two major pharmaceutical companies) , (NP (NP (NP the Squibb unit) (PP of (NP Bristol-Myers Squibb Co.))) and (NP Hoffmann-La Roche Inc.)) ,) (VP are (VP collaborating (PP-CLR with (NP gene hunters)) (S-PRP (NP-SBJ *-1) (VP to (VP turn (NP (NP the anticipated cascade) (PP of (NP discoveries))) (PP-CLR into (NP (NP predictive tests) and (PRN , (ADVP maybe) ,) (NP new therapies)))))))) .)) (TOP (S (NP-SBJ Some researchers) (VP say (SBAR 0 (S (NP-SBJ-2 (NP new cancer drugs) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP slow or reverse (NP tumor growth)))))) (VP may (VP be (VP based (NP *-2) (PP-CLR on (NP (NP the suppressor proteins) (VP (ADVP normally) produced (NP *) (PP by (NP-LGS the genes))))))))))) .)) (TOP (S (NP-SBJ The idea) (VP would (VP be (S-PRD (NP-SBJ *) (VP to (VP administer (PP-CLR to (NP patients)) (NP (NP the growth-controlling proteins) (VP made (NP *) (PP by (NP-LGS (NP healthy versions) (PP of (NP the damaged genes))))))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP may (ADVP even) (VP be (ADJP-PRD possible) (S-1 (NP-SBJ *) (VP to (VP replace (NP defective genes) (PP-CLR with (NP healthy versions))))) , (SBAR-ADV though (S (NP-SBJ-2 no one) (VP has (VP come (ADVP-CLR close (S (NP-SBJ *-2) (VP to (VP doing (NP that))))) (ADVP-TMP so far))))))) .)) (TOP (S-1 (PP In (NP any case)) (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Dr. Minna) (PP of (NP the National Cancer Institute)))) , ``) (NP-SBJ We) (VP 're (VP witnessing (NP (NP the discovery) (PP of (NP (NP one) (PP of (NP (NP the (ADJP most important) steps) (PP-LOC in (NP (NP the genesis) (PP of (NP cancer))))))))))) .)) (TOP (S (NP-SBJ Many investors) (VP give (NP Michael Foods) (NP (NP (ADJP about as much) chance) (PP of (S-NOM (NP-SBJ *) (VP getting (NP it) (ADVP-CLR together)))) (PP as (NP Humpty Dumpty)))) .)) (TOP (S But (ADVP-TMP now) (ADVP at least) (NP-SBJ there) (VP 's (NP-PRD (NP a glimmer) (PP of (NP (NP hope) (PP for (NP the stock)))))) .)) (TOP (S (NP-SBJ (NP Burger King) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP breaks (NP (NP thousands) (PP of (NP fresh eggs))) (NP-TMP each morning)))) ,) (VP is (VP (ADVP-MNR quietly) switching (PRT over) (PP-CLR to (NP (NP an alternative egg product) (VP made (NP *) (PP by (NP-LGS Michael Foods))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Known (NP *-1) (PP-CLR as (NP Easy Eggs)))) , (NP-SBJ-2 the product) (VP has (VP disappointed (NP investors))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the company) (NP-TMP this month) (VP announced (NP (NP lower-than-forecast sales) (PP of (NP Easy Eggs))) (ADVP-TMP *T*-1)))) , (NP-SBJ the stock) (VP dropped (NP-EXT (QP nearly 19) %)) .)) (TOP (S (S (NP-SBJ Michael) (VP wo n't (VP confirm (NP (NP the identities) (PP of (NP any Easy Egg customers)))))) , nor (SINV will (NP-SBJ it) (VP say (NP (NP much) (PP of (NP anything else))))) .)) (TOP (S (NP-SBJ (NP Two Minneapolis shareholder suits) (PP-TMP in (NP the past month))) (VP have (VP accused (NP-1 top officers) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP making `` (NP various untrue statements)))))) . '')) (TOP (S (NP-SBJ These federal-court suits) (VP accuse (NP-2 the officers) (PP-CLR of (S-NOM (NP-SBJ-3 *-2) (VP failing (S (NP-SBJ *-3) (VP to (VP disclose (SBAR that (S (NP-SBJ-1 Easy Eggs) (VP were (ADJP-PRD unlikely (S (NP-SBJ *-1) (VP to (VP sell (ADVP briskly enough (S (NP-SBJ *) (VP to (VP justify (NP (NP all) (PP of (NP (NP Michael 's) production capacity))))))))))))))))))))) .)) (TOP (S But (ADVP at least) (NP-SBJ Burger King) (VP (VP has (VP signed (PRT on))) , and (VP says (SBAR that (S (PP-TMP by (NP year end)) (NP-SBJ it) (VP wo n't (VP be (VP using (NP any shell eggs)))))))) .)) (TOP (S (NP-SBJ-1 (NP The Miami fast-food chain) , (VP owned (NP *) (PP by (NP-LGS (NP Grand Metropolitan) (PP of (NP Britain))))) ,) (VP expects (S (NP-SBJ *-1) (VP to (VP consume (NP (NP (QP roughly 34 million) pounds) (PP of (NP liquefied eggs))) (ADVP-TMP annually))))) .)) (TOP (S So (NP-SBJ there) (VP is (NP-PRD (NP reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP believe (SBAR that (S (NP-SBJ (NP (NP Michael 's) hopes) (PP for (NP a bacteria-free , long-shelf-life egg))) (VP were n't (NP-PRD all hype)))) (ADVP-PRP *T*-1))))))) .)) (TOP (S -LRB- (NP-SBJ-1 Easy Eggs) (VP are (VP pasteurized (NP *-1) (PP-MNR in (NP a heat-using process)))) . -RRB-)) (TOP (S (ADVP Still) , (NP-SBJ caution) (VP is (ADJP-PRD advisable)) .)) (TOP (S (NP-SBJ A company official) (VP says (SBAR 0 (S (NP-SBJ (NP (NP Michael 's) break-even volume) (PP on (NP Easy Eggs))) (VP is (NP-PRD (NP (NP (QP around 60 million) pounds) (NP-ADV a year)) (PRN -- (ADVP apparently) (UCP (PP (ADVP well) above (NP current shipments)) and (NP (NP a far cry) (PP from (SBAR-NOM (WHNP-1 what) (S (NP-SBJ the company) (ADVP-TMP once) (VP suggested (SBAR 0 (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP a billion-pound market) (VP waiting (PP for (NP such a product))))))))))))))))))) .)) (TOP (S (S-PRP (ADVP Perhaps) (NP-SBJ *) (VP to (VP debunk (NP (NP (NP the analysts ') talk) (PP of (NP over-capacity)))))) , (NP-SBJ Michael) (NP-TMP today) (VP will (VP take (NP (NP some) (PP of (NP the skeptics))) (PP-CLR on (NP (NP a tour) (PP of (NP its new (NAC-LOC Gaylord , Minn. ,) plant)))))) .)) (TOP (S (NP-SBJ There) (VP has (VP been (NP-PRD (NP no announcement) (PP of (NP the Burger King arrangement)) (PP by (NP either party))) , (ADVP possibly) (PP-PRP for (NP fear (SBAR that (S (NP-SBJ (NP McDonald 's) and (NP other fast-food rivals)) (VP would (VP seize (PP-CLR on (NP it)) (PP-LOC in (NP scornful advertising)))))))))) .)) (TOP (S But (NP-SBJ-1 Burger King operators) (ADVP independently) (VP confirm (S (NP-SBJ *-1) (VP using (NP (NP Michael 's) product)))) .)) (TOP (S (NP-SBJ Other institutional users) (ADVP reportedly) (VP include (NP (NP Marriott) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP moving (ADVP-DIR away (PP from (NP fresh eggs))) (PP-MNR on (NP a region-by-region basis)))))))) .)) (TOP (S (S (NP-SBJ (NP The extent) (PP of (NP (NP Marriott 's) use))) (VP is n't (ADJP-PRD known))) , and (S (NP-SBJ-1 Marriott officials) (VP could n't (VP be (VP reached (NP *-1) (PP-CLR for (NP comment)))))) .)) (TOP (S (NP-SBJ Michael Foods) (VP has (VP attracted (NP (NP (ADJP a good many) short-sellers) , (NP (NP the people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sell (NP borrowed shares) (PP-PRP in (NP a bet (SBAR that (S (NP-SBJ a stock price) (VP will (VP (VP drop) and (VP allow (NP (NP the return) (PP of (NP cheaper shares)) (PP to (NP the lender))))))))))))))))) .)) (TOP (S (NP-SBJ Many analysts) (VP question (NP (NP management 's) credibility)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 The stock) , (PP in (NP my opinion)) , (VP is (VP going (S (NP-SBJ *-2) (VP to (VP go (ADVP-DIR lower)))) , (UCP-PRP (CONJP not only) (PP because of (NP disappointing earnings)) but (SBAR -LCB- because -RCB- (S (NP-SBJ the credibility gap) (VP is (ADVP certainly) not (VP closing)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP L. Craig Carver) (PP of (NP Dain Bosworth))) .)) (TOP (S (NP-SBJ Mr. Carver) (VP says (SBAR that (S (PP-LOC at (NP (NP a recent Dain-sponsored conference) (PP-LOC in (NP New York)))) , (NP-SBJ he) (VP asked (NP (NP Michael 's) chief executive officer) (SBAR if (S (NP-SBJ the fourth quarter) (VP would (VP be (ADVP-PRD down))))))))) .)) (TOP (S (NP-SBJ (NP The CEO) , (NP Richard G. Olson) ,) (VP (VP replied `` (NP yes) , '') but (VP would n't (VP elaborate))) .)) (TOP (S -LRB- (NP-SBJ The company) (VP did n't (VP put (PRT out) (NP a public announcement))) .)) (TOP (S (NP-SBJ A spokesman) (VP said (ADVP-TMP later) (SBAR that (S (NP-SBJ Mr. Olson) (VP was (VP being (ADJP-PRD `` conservative '' (PP in (NP his estimate)))))))) .)) (TOP (S But (NP-SBJ the spokesman) (VP added (SBAR that (S (SBAR-ADV while (S (NP-SBJ Michael) (VP will (VP earn (NP (NP less) (PP than (NP (NP (NP last year 's) $ 1.20 *U*) (NP-ADV a share)))))))) , (NP-SBJ it) (VP thinks (SBAR 0 (S (NP-SBJ (NP Street estimates) (PP of (NP $ 1 *U* (QP or so)))) (VP are (ADJP-PRD low)))))))) . -RRB-)) (TOP (S (NP-SBJ (NP Analyst Robin Young) (PP of (NP (NP John Kinnard & Co.) , (NP Minneapolis) ,))) (VP calls (S (NP-SBJ himself) `` (NP-PRD (NP the last remaining bull) (PP on (NP the stock))))) . '')) (TOP (S (S (NP-SBJ He) (VP argues (SBAR that (S (NP-SBJ Michael Foods) (VP is (ADJP-PRD misunderstood)))))) : `` (S (NP-SBJ This) (VP is (NP-PRD (NP (NP a growth company) (PP-LOC in (NP the packaged food industry))) -- (NP (NP a rare breed) , (PP like (S-NOM (NP-SBJ *) (VP finding (NP a white rhino)))))))) . '')) (TOP (S-1 (NP-SBJ Earnings) (VP are n't (VP keeping (NP pace) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (PP-PRP because of (NP (NP (NP heavy investments) (PP-LOC in (NP the egg technologies))) and (NP (NP drought-related costs) (PP-LOC in (NP its potato business))))))) .)) (TOP (S (NP-SBJ Mr. Carver) , (ADVP however) , (VP believes (SBAR 0 (S (NP-SBJ (NP the company 's) egg product) (VP wo n't (VP help (NP the bottom line) (PP-TMP in (NP the short run)) , (SBAR-ADV even though (S (S (NP-SBJ it) `` (VP makes (NP sense))) -- (S (NP-SBJ it) (VP (VP 's (ADJP-PRD more convenient)) '' and (VP justifies (NP (NP its price) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD (ADJP higher) (PP than (NP shell eggs))) , (PP-PRP because of (NP health and sanitation concerns)))))))))))))))) .)) (TOP (S (NP-SBJ Prospective competition) (VP is (NP-PRD one problem)) .)) (TOP (S (NP-TMP Last week) (NP-SBJ (NP a (ADJP closely held) New Jersey concern) , (NP Papetti High-Grade Egg Products Co.) ,) (VP rolled (PRT out) (NP (NP an (ADJP aseptically packaged) liquefied item) (VP called (S (NP-SBJ *) (NP-PRD Table Ready))))) .)) (TOP (S (NP-SBJ Company President Steve Papetti) (VP says (SBAR 0 (S (NP-SBJ Marriott) (VP will (VP be (PP-PRD among (NP his clients)) (ADVP as well)))))) .)) (TOP (S (NP-SBJ Michael shares) (VP closed (PP-CLR at (NP (QP 13 3))) (NP-TMP yesterday) (PP-LOC in (NP national over-the-counter trading))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ (ADJP New York-based) short seller Mark Cohodes) , `` (S-1 (PP In (NP my mind)) (NP-SBJ this) (VP is (NP-PRD a (ADJP $ 7 *U*) stock))) . '')) (TOP (S (NP-SBJ Michael) (NP-TMP late yesterday) (VP announced (NP a (ADJP (QP $ 3.8 million) *U*) stock buy-back program )) .)) (TOP (S (NP-SBJ (NP Michael) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP processes (NP potatoes)))) ,) (ADVP still) (VP relies (PP-CLR on (NP spuds)) (PP for (NP (NP (NP (QP about a fourth)) (PP of (NP its sales))) and (NP (QP nearly half) its pretax profit)))) .)) (TOP (S But (NP-SBJ (NP dry growing conditions) (PP-LOC in (NP (NP the Red River Valley) (PP of (NP (NP Minnesota) and (NP North Dakota)))))) (VP are (VP pushing (NP (NP spot prices) (PP of (NP potatoes))) (PP-DIR beyond (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 Michael) (VP contracted (S (NP-SBJ *-2) (VP to (VP pay (NP *T*-1) (NP-TMP last spring)))))))))) .)) (TOP (S (NP-SBJ Company lawyers) (ADVP-TMP recently) (VP sent (NP letters) (PP-DTV to (NP growers)) (S-ADV (NP-SBJ *) (VP saying (SBAR that (S (NP-SBJ Michael) `` (VP would (VP take (ADVP very seriously) (NP any effort ... (S (NP-SBJ *) (VP to (VP divert (NP its contracted-for potatoes) (PP-DIR to (NP other outlets))))))))))))) . '')) (TOP (S (ADVP Still) , (NP-SBJ analysts) (VP believe (SBAR that (S (NP-SBJ (NP profit margins) (PP-LOC in (NP the potato business))) (VP will (VP be (ADVP-PRD down) (ADVP again) (NP-TMP this year)))))) .)) (TOP (S (S (NP-SBJ-1 (NP Pierre Peladeau) , (NP (NP a Canadian newspaper publisher) (ADJP little-known (PP-LOC in (NP the U.S.)))) ,) (VP figures (S (NP-SBJ *-1) (VP to (VP become (NP-PRD (NP a big player) (PP-LOC in (NP North American printing)))))))) -- and (S (NP-SBJ his ambitions) (VP do n't (VP end (ADVP-LOC there)))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ-1 (NP Quebecor Inc.) , (NP (NP a Montreal (UCP printing , publishing and forest-products) company) (ADJP 53%-owned (PP by (NP Mr. Peladeau)))) ,) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP (NP Maxwell Communication Corp. 's) U.S. printing subsidiary) , (NP Maxwell Graphics Inc.) ,) (PP-CLR for (NP (NP (QP $ 500 million) *U*) (PP in (NP cash and securities)))))))) .)) (TOP (S (NP-SBJ (NP The purchase) , (VP expected (S (NP-SBJ-1 *) (VP to (VP be (VP completed (NP *-1) (PP-TMP by (NP year end))))))) ,) (VP will (VP make (S (NP-SBJ Quebecor) (NP-PRD (NP the second-largest commercial printer) (PP-LOC in (NP North America)) , (PP behind (ADVP only) (NP (NP R.R. Donnelley & Sons Co.) , (NP-LOC Chicago))))))) .)) (TOP (S (NP-SBJ (NP The printing customers) (SBAR (WHNP-1 that) (S (NP-SBJ Quebecor) (VP will (VP gain (NP *T*-1) (PP through (NP Maxwell Graphics))))))) (VP include (NP (NP the Sunday newspaper supplement Parade) , (NP Time) , (NP Sports Illustrated) and (NP TV Guide))) .)) (TOP (S But (NP-SBJ the transaction) (VP is (ADVP just) (NP-PRD (NP (NP Mr. Peladeau 's) latest step) (PP-LOC in (NP (NP a larger design) : (S (NP-SBJ *) (VP to (VP build (NP Quebecor) (PP-MNR through (NP acquisitions)) (PP-CLR into (NP (NP an integrated paper , publishing and printing concern) (PP with (NP (NP a reach) (PP-LOC throughout (NP North America))))))))))))) .)) (TOP (S (S (NP-SBJ He) (ADVP already) (VP has (VP achieved (NP vertical integration) (PP on (NP a limited scale))))) : (S (NP-SBJ-1 Quebecor) (VP can (VP put (NP a weekly newspaper) (PP-PUT on (NP almost any Quebec doorstep)) (PP-MNR without (S-NOM (NP-SBJ *-1) (VP using (NP outside help)))) , (PP (PP from (S-NOM (NP-SBJ *) (VP chopping (PRT down) (NP the tree)))) (PP to (S-NOM (NP-SBJ *) (VP making (NP the newsprint)))) (PP to (S-NOM (NP-SBJ *) (VP flinging (NP it) (PP-DIR up (PP onto (NP the porch)))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ (NP Quebecor 's) purchase) (VP is (NP-PRD (NP part) (PP of (NP (NP a trend) (PP toward (NP consolidation)) (PP-LOC in (NP the (ADJP North American) printing industry))))))))) .)) (TOP (S-1 (ADVP Along (PP with (NP Donnelley))) (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Jacques Massicotte) , (NP (NP an analyst) (PP with (NP (NP Nesbitt Thomson Deacon Inc.) (PP-LOC in (NP Montreal))))))) ,) `` (NP-SBJ Quebecor) (VP has (VP positioned (NP itself) (PP-CLR as (NP (NP one) (PP of (NP the two key players)))))) . '')) (TOP (S (NP-SBJ He) (VP adds : `` (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ this) (VP is (NP-PRD (NP a great strategic move) (PP for (NP Quebecor))))))))) .)) (TOP (S (NP-SBJ They) (VP are (VP buying (NP (NP an operation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (VP running (ADVP-MNR well)))))))) . '')) (TOP (S (NP-SBJ Mr. Peladeau) (VP says (SBAR 0 (S (NP-SBJ-2 he) (VP is n't (VP trying (S (NP-SBJ *-2) (VP to (VP catch (PRT up) (PP-CLR to (NP (NP Donnelley) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP annual sales) (PP of (NP (QP over $ 3 billion) *U*)))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Size) (VP does n't (VP matter))) , '' (NP-SBJ Mr. Peladeau) (VP says (S *T*-1)) .)) (TOP (SINV `` (SBAR-PRD-TPC-2 (WHNP-1 What) (S (NP-SBJ *T*-1) (VP counts))) (VP is (SBAR-PRD *T*-2)) (NP-SBJ the bottom line) . '')) (TOP (S (NP-SBJ (NP Some) (PP of (NP (NP Mr. Peladeau 's) ventures)) , (PP including (NP (NP an earlier push) (PP-DIR into (NP the U.S. market)))) ,) (VP have n't (VP paid (PRT off) (PP on (NP the bottom line)))) .)) (TOP (S (NP-SBJ Quebecor) (VP (VP started (NP (NP the Philadelphia Journal) , (NP a daily tabloid) ,) (PP-TMP in (NP 1977))) and (VP closed (NP it) (ADVP-TMP (NP three years) later))) .)) (TOP (S (S-TPC-1 (NP-SBJ The venture) (VP cost (NP Quebecor) (NP (QP $ 12 million) *U*))) , (NP-SBJ Mr. Peladeau) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP-TMP More recently) , (NP-SBJ some former Quebecor executives) (VP started (NP their own printing company) , (S-ADV (NP-SBJ *) (VP specializing (PP-CLR in (S-NOM (NP-SBJ *) (VP printing and distributing (NP advertising circulars))))))) .)) (TOP (S (NP-SBJ Quebecor) (ADVP-TMP still) (VP lags (PP-LOC in (NP the Quebec circulars market)) , (SBAR-ADV while (S (NP-SBJ (NP Mr. Peladeau 's) former employees) (VP are (VP expanding (PP-DIR across (NP Canada))))))) .)) (TOP (S (NP-SBJ Mr. Peladeau) (VP took (NP his first big gamble) (ADVP-TMP (ADVP (NP 25 years) ago) , (SBAR (WHADVP-1 when) (S (NP-SBJ-2 he) (VP took (NP (NP advantage) (PP of (NP (NP a strike) (PP-LOC at (NP (NP La Presse) , (NP then (NP Montreal 's) dominant French-language newspaper) ,))))) (S-PRP (NP-SBJ *-2) (VP to (VP launch (NP the Journal de Montreal)))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP The tabloid 's) circulation) (VP (VP soared (PP-DIR to (NP 80,000))) , but (VP plunged (PP-DIR to (NP (QP under 10,000))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the La Presse strike) (VP ended (ADVP-TMP *T*-1)))))) .)) (TOP (S (ADVP Still) , (NP-SBJ Mr. Peladeau) (VP stuck (PP-CLR with (NP the venture))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ-1 the Journal) , (S-ADV (NP-SBJ *-1) (ADJP-PRD (ADJP flush (PP with (NP ads))) and (ADJP hugely profitable))) , (VP (VP is (ADVP-PRD even (PP with (NP La Presse))) (PP-LOC in (NP weekend circulation))) and (VP outsells (NP it) (NP-ADV (NP 3) (PP to (NP 2))) (NP-TMP every weekday))) .)) (TOP (S (NP-SBJ Mr. Peladeau) (VP has (ADVP-TMP never) (VP made (NP (NP any apologies) (PP for (S-NOM (NP-SBJ *) (VP publishing (NP (NP the tabloid) , (NP (NP a brash mix) (PP of (NP crime and sports)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 've (VP read (NP Balzac)))) , '' (NP-SBJ he) (VP answers (NP critics) (S *T*-1)) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD (NP tabloid news) (PP (PP from (NP A)) (PP to (NP Z))))) . '')) (TOP (S (NP-SBJ Quebecor) (ADVP also) (VP publishes (NP (NP (NP (NP a second tabloid) (PP-LOC in (NP Montreal))) , (NP the struggling 18-month-old Montreal Daily News)) ; (NP (NP dailies) (PP-LOC in (NP (NP Quebec City) and (NP (NP Winnipeg) , (NP Manitoba))))) ; and (NP (NP dozens) (PP of (NP weeklies)) (VP covering (NP (NP most) (PP of (NP Quebec))))))) .)) (TOP (S (NP-SBJ (NP A series) (PP of (NP recent acquisitions))) (VP made (S (NP-SBJ it) (NP-PRD (NP the dominant magazine publisher) (PP-LOC in (NP Quebec))))) .)) (TOP (S (PP-TMP After (NP a recent merger)) , (NP-SBJ it) (VP is (ADVP also) (NP-PRD (NP the only province-wide distributor) (PP of (NP magazines and newspapers)) (PP-LOC in (NP Quebec)))) .)) (TOP (S (ADVP Finally) , (PP with (NP Maxwell Communication)) , (NP-SBJ the company) (VP controls (NP (NP 54 %) (PP of (NP (NP Donohue Inc.) , (NP a Quebec City pulp and paper concern))))) .)) (TOP (S (PP-LOC In (NP (NP yesterday 's) accord)) , (NP-SBJ-1 Quebecor) (VP agreed (S (NP-SBJ *-1) (VP (VP to (VP pay (NP (NP (QP $ 400 million) *U*) (PP in (NP cash))) (PP-CLR for (NP Maxwell Graphics)))) , and (VP to (VP give (NP Maxwell Communication) (NP (NP a (ADJP 20 %) stake) , (VP valued (NP *) (PP-CLR at (NP (QP $ 100 million) *U*))) , (PP in (NP (NP Quebecor 's) new printing subsidiary)))))))) .)) (TOP (S (NP-SBJ The new , (ADJP (ADVP as yet) unnamed) , subsidiary) (VP will (VP combine (NP (NP (NP Quebecor 's) existing printing unit) and (NP Maxwell Graphics)))) .)) (TOP (S (NP-SBJ It) (VP will (VP have (NP (NP (NP 61 plants) (PP-LOC (PP from (NP coast)) (PP to (NP coast)))) and (NP (NP (QP $ 1.5 billion) *U*) (PP in (NP annual sales)))))) .)) (TOP (S (NP-SBJ Quebecor) (VP will (VP own (NP (NP 57.5 %) (PP of (NP the new subsidiary))))) .)) (TOP (S (NP-SBJ (NP Caisse de Depot et Placement) , (NP the Quebec government pension-fund agency) ,) (VP will (VP pay (NP (QP $ 112.5 million) *U*) (PP-CLR for (NP (NP the remaining (ADJP 22.5 %) stake) (PP in (NP the printing operation)))))) .)) (TOP (S (S (NP-SBJ (NP Pierre-Karl Peladeau) , (NP (NP (NP the founder 's) son) and (NP (NP the executive) (PP in (NP (NP charge) (PP of (NP the acquisition)))))) ,) (VP says (SBAR 0 (S (NP-SBJ Quebecor) (VP has n't (VP decided (SBAR (WHADVP-1 how) (S (NP-SBJ it) (VP will (VP finance (NP (NP its share) (PP of (NP the purchase))) (ADVP-MNR *T*-1))))))))))) , but (S (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ it) (ADVP most likely) (VP will (VP use (NP debt))))))) .)) (TOP (S (NP-SBJ The Maxwell deal) (VP is (NP-PRD (NP (NP Quebecor 's) second big printing acquisition) (PP-TMP in (NP just over a year)))) .)) (TOP (S (NP-TMP Last October) , (NP-SBJ Quebecor) (VP bought (NP 23 Canadian printing plants) (PP-CLR from (NP (NP BCE Inc.) , (NP a Montreal telecommunications , manufacturing , energy and real estate company)))) .)) (TOP (S (NP-SBJ That purchase) (VP doubled (NP (NP Quebecor 's) annual printing revenue) (PP-DIR to (NP (QP $ 750 million) *U*))) .)) (TOP (S (NP-SBJ-1 (NP (NP Maxwell 's) sale) (PP of (NP (NP its U.S. printing unit) (NP *ICH*-4)))) (VP was (VP expected (NP *-1) , (NP-4 (NP the last major business) (SBAR (WHNP-2 0) (S (NP-SBJ-3 *T*-2) (VP to (VP be (VP disposed (PP-CLR of (NP *-3)) (PP-LOC in (NP (NP a major reshuffling) (PP of (NP assets)))))))))))) .)) (TOP (S (PP According (PP to (NP (NP its (ADJP most recent) annual report) , (VP covering (NP (NP the 15 months) (VP ended (NP-TMP March 31))))))) , (NP-SBJ Maxwell Communication) (VP (VP bought (NP (NP (QP $ 3.85 billion) *U*) (PP in (NP assets)) (PRN -- (PP including (NP (NP Macmillan Inc.) and (NP Official Airlines Guides))) --))) and (VP sold (NP (NP (QP $ 2 billion) *U*) (PP in (NP non-strategic businesses))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ-1 Maxwell founder Robert Maxwell) (VP says (SBAR 0 (S (NP-SBJ he) (VP has (NP (NP an appetite) (PP for (NP (NP new acquisitions) (PP-LOC in (NP the U.S.)))))))) , (S-ADV (NP-SBJ *-1) (VP adding (SBAR that (S (NP-SBJ he) (VP could (VP spend (NP (QP `` (NP-ADV a good deal) more '' than $ 1 billion) *U*) (PP-CLR on (NP another U.S. purchase))))))))) .)) (TOP (S (PP-LOC In (NP London trading)) (NP-TMP yesterday) , (NP-SBJ Maxwell Communication shares) (VP rose (NP-EXT nine pence) , (PP-DIR to (NP (NP 216 pence) (PRN -LRB- (NP $ 3.41 *U*) -RRB-)))) .)) (TOP (S (PP-LOC In (NP Montreal)) , (NP-SBJ (NP Quebecor 's) multiple voting Class A stock) (VP closed (PP-CLR at (NP (NP C$ 16.375 *U*) (PRN -LRB- (NP US$ 13.94 *U*) -RRB-))) , (ADVP down (NP 12.5 Canadian cents))) .)) (TOP (S (NP-SBJ Quebecor Class B stock) (VP closed (PP-CLR at (NP C$ 15.375 *U*)) , (ADVP up (NP 62.5 Canadian cents))) .)) (TOP (S (NP-SBJ (NP Craig Forman) (PP-LOC in (NP London))) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ G.D. Searle & Co.) (VP said (SBAR 0 (S (NP-SBJ the Food and Drug Administration) (VP approved (NP (NP the sale) (PP of (NP (NP Kerlone) , (NP (NP a hypertension drug) (VP developed (NP *) (PP by (NP-LGS (NP a joint venture) (PP between (NP (NP Searle) and (NP a French concern)))))))))))))) .)) (TOP (S (NP-SBJ (NP Searle) , (NP (NP a unit) (PP of (NP Monsanto Co.))) ,) (VP said (SBAR 0 (S (NP-SBJ the `` beta-blocker '' high-blood-pressure drug Kerlone) (VP is (NP-PRD (NP the first product) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP reach (NP the market) (PP through (NP (NP Lorex Pharmaceuticals) , (NP (NP the U.S. company) (VP (ADVP jointly) owned (NP *) (PP by (NP-LGS (NP Searle) and (NP (NP Synthelabo) , (NP (NP a French pharmaceutical concern) (VP owned (NP *) (PP by (NP-LGS (NP France 's) L'Oreal S.A)))))))))))))))))))) .)) (TOP (S (NP-SBJ The U.S. Equal Employment Opportunity Commission) (VP sued (NP New York state) (PP-CLR for (NP (NP age discrimination) (PP against (NP appointed state judges))))) .)) (TOP (S (NP-SBJ (NP The suit) , (VP filed (NP *) (PP-LOC in (NP (NP federal court) (PP-LOC in (NP Manhattan))))) ,) (VP charges (SBAR that (S (NP-SBJ (NP (NP New York 's) mandatory retirement age) (PP of (NP 76))) (VP violates (NP federal law))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ the commission) (VP intervened (PP-CLR in (NP (NP (NP a Connecticut state judge 's) age-bias suit) (PP-LOC in (NP (NP federal court) (PP-LOC in (NP New Haven))))))) .)) (TOP (S (NP-SBJ (NP (NP The commission 's) filing) (PP in (NP that case))) (VP challenges (NP (NP (NP Connecticut 's) mandatory retirement age) (PP of (NP 70)) (PP for (NP appointed judges)))) .)) (TOP (S (NP-SBJ-1 The New York suit) (VP was (VP filed (NP *-1) (PP on (NP (NP behalf) (PP of (NP (NP (NP Justice Isaac Rubin) , (SBAR (WHNP-2 (WHNP whose appointment) (PP to (NP the state appellate division))) (S (NP-SBJ *T*-2) (VP expires (PP-TMP-CLR at (NP year end)))))) , and (NP (NP all other judges) (VP hurt (NP *) (PP by (NP the alleged age discrimination)))))))))) .)) (TOP (S (NP-SBJ (NP The suit) , (VP assigned (NP *) (PP-CLR to (NP federal Judge Kimba Wood))) ,) (VP seeks (NP (NP a permanent injunction) , (NP (NP back pay) (PP for (NP (NP judges) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP have (VP been (VP forced (S (NP-SBJ *-2) (VP to (VP retire))))))))))) , (NP (NP reinstatement) (PP of (NP retired judges))) and `` (NP (NP other affirmative relief) (ADJP necessary (S (NP-SBJ *) (VP to (VP eradicate (NP (NP the effects) (PP of (NP -LRB- (NP New York 's) -RRB- unlawful employment practices)))))))))) . '')) (TOP (S (NP-SBJ (NP Justice Rubin) , (NP (NP a state judge) (PP-TMP since (NP 1969))) ,) (VP said (SBAR 0 (S (NP-SBJ the mandatory-retirement age) (VP hurts (NP the court system) (SBAR-PRP because (S (NP-SBJ it) (VP deprives (NP the state) (PP-CLR of (NP (NP experienced judges) (ADJP still capable (PP of (S-NOM (NP-SBJ *) (VP serving (PP-LOC on (NP the bench))))))))))))))) .)) (TOP (S `` (S (NP-SBJ The issue) (VP is n't (NP-PRD age))) -- (S (NP-SBJ age) (VP is (NP-PRD just a number))) .)) (TOP (S (S-TPC-1 (NP-SBJ The issue) (VP is (NP-PRD (NP one) (PP of (NP (NP (NP a judge 's) experience) , (NP his competence) and (NP his physical ability (S (NP-SBJ *) (VP to (VP serve (PP-LOC on (NP the bench))))))))))) , '' (NP-SBJ Justice Rubin) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP 've (VP had (NP (NP no problems) (S-NOM (NP-SBJ *) (VP performing (NP my duties and responsibilities)))))) . '')) (TOP (S (SBAR-PRP Because (S (NP-SBJ Justice Rubin) (VP turned (NP-PRD 76) (PP-TMP on (NP May 9))))) , (NP-SBJ-2 he) (VP is n't (ADJP-PRD eligible (S (NP-SBJ-1 *-2) (VP to (VP be (VP reappointed (NP *-1) (PP-CLR to (NP the bench)) (PP-TMP at (NP (NP the end) (PP of (NP the year)))))))))) .)) (TOP (S (NP-SBJ (NP (NP The suit 's) impact) (PP on (NP New York))) (VP may (VP be (ADJP-PRD narrow) , (ADVP however))) .)) (TOP (SINV (S-TPC-2 (S (NP-SBJ-1 Most New York judges) (VP are (VP elected (NP *-1)))) , and (S (NP-SBJ the federal age-discrimination law) (VP does n't (VP apply (PP-CLR to (NP elected officials)))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP James L. Lee) , (NP (NP regional attorney) (PP for (NP the EEOC)) (PP-LOC in (NP New York)))) .)) (TOP (S (PP-LOC Under (NP New York law)) , (NP-SBJ-1 elected judges) (VP (VP must (VP retire (PP-LOC at (NP age 70)))) , but then (VP can (VP be (VP appointed (NP *-1) (PP-CLR to (NP two-year terms)) (SBAR-TMP until (S (NP-SBJ they) (VP reach (NP 76)))))))) .)) (TOP (S (NP-SBJ-1 (NP A spokeswoman) (PP for (NP (NP (NP the state 's) Office) (PP of (NP Court Administration))))) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the suit)))))) .)) (TOP (S But (NP-SBJ she) (VP said (SBAR 0 (S (NP-SBJ the state) (ADVP-TMP currently) (VP has (NP (NP 35 appointed judges) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (PP-PRD over (NP 70)))))))))) .)) (TOP (S (PP-LOC In (NP Connecticut)) , (ADVP however) , (NP-SBJ-1 most state judges) (VP are (VP (VP appointed (NP *-1) (PP by (NP-LGS the governor))) and (VP approved (NP *-1) (PP by (NP-LGS the state legislature))))) .)) (TOP (S (NP-SBJ-1 (NP The parties) (PP-LOC in (NP the Connecticut case))) (VP have (VP agreed (S (NP-SBJ *-1) (VP to (VP stay (NP-PRD proceedings) (PP pending (NP (NP the appeal) (PP of (NP (NP another EEOC age-bias case) (PP against (NP Vermont))))))))))) .)) (TOP (S (S (PP-LOC In (NP the Vermont case)) , (NP-SBJ a federal judge) (VP ruled (SBAR that (S (NP-SBJ (NP (NP the state 's) mandatory age) (PP of (NP 70)) (PP for (NP appointed judges))) (VP was (ADJP-PRD illegal)))))) ; (S (NP-SBJ (NP (NP Vermont 's) appeal) (PP of (NP that decision))) (VP is (ADJP-PRD pending) (PP-LOC before (NP (NP the U.S. Second Circuit Court) (PP of (NP Appeals)) (PP-LOC in (NP Manhattan)))))) .)) (TOP (S (NP-SBJ-1 (NP Aaron Ment) , (NP (NP Connecticut 's) chief court administrator) ,) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP (NP the suit) and (NP (NP the EEOC 's) intervention))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the state) (VP has (NP (NP 165 appointed judges) and (NP (NP 15 `` trial referees) , '' (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP are (NP-PRD (NP former judges) (PP over (NP age 70)))) and (VP serve (NP (NP a restricted role) (PP-LOC on (NP the bench))))))))))))) .)) (TOP (S-HLN (NP-SBJ-2 ORGANIZED CRIME Strike Forces) (ADJP-PRD likely (S (NP-SBJ-1 *-2) (VP to (VP be (VP abolished (NP *-1) (NP-TMP next month)))))) .)) (TOP (S (NP-SBJ-1 (NP U.S. Attorney General Dick Thornburgh 's) plan (S (NP-SBJ *) (VP to (VP dissolve (NP the 14 regional organized-crime strike forces))))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP go (PP-CLR into (NP effect)) (NP-TMP next month)))) , (PP despite (NP (NP the opposition) (PP of (NP (NP Democratic congressional leaders) and (NP (NP lawyers) (PP-LOC in (NP the special units))))))))) .)) (TOP (S (NP-SBJ The units) (VP (VP are (ADJP-PRD autonomous (PP from (NP (NP U.S. attorneys ') offices)))) and (VP focus (ADVP exclusively) (PP-CLR on (S-NOM (NP-SBJ *) (VP prosecuting (NP organized-crime cases)))))) .)) (TOP (S (PP-TMP In (NP February)) , (NP-SBJ Mr. Thornburgh) (VP announced (NP his plan (S (NP-SBJ *) (VP to (VP abolish (NP the units)))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ the strike-force lawyers) (VP will (VP work (ADVP-MNR more efficiently) (PP-LOC under (NP (NP the supervision) (PP of (NP U.S. attorneys))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Thornburgh) (VP will (VP be (ADJP-PRD free (S (NP-SBJ *-1) (VP to (VP disband (NP the strike forces))))) (SBAR-TMP after (S (NP-SBJ Congress) (VP approves (NP (NP a (ADJP (QP $ 479 million) *U*) appropriation) (PP for (NP federal (ADJP law-enforcement and drug-interdiction) agencies)))))) , (PP according (PP to (NP (NP David Runkel) , (NP a Justice Department spokesman)))))) .)) (TOP (S (NP-SBJ-1 The bill) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP pass (PP-LOC in (NP Congress)) (NP-TMP next month)))))) .)) (TOP (S (NP-SBJ Congress) (ADVP-TMP temporarily) (VP halted (NP (NP Mr. Thornburgh 's) effort) (PP-MNR with (NP (NP an appropriation resolution) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP prohibited (NP-2 him) (PP-CLR from (S-NOM (NP-SBJ-3 *-2) (VP using (NP budgeted funds) (S-CLR (NP-SBJ *-3) (VP to (VP implement (NP his plan))))))))))))) .)) (TOP (S (NP-SBJ Opponents) (VP say (SBAR 0 (S (NP-SBJ (NP Mr. Thornburgh 's) plan) (VP will (ADVP needlessly) (VP break (PRT up) (NP (NP longtime , (ADJP tightly knit) crime-fighting units) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (ADVP successfully) (VP prosecuted (NP major organized-crime figures))))))))))) .)) (TOP (S (NP-SBJ They) (VP predict (SBAR that (S (NP-SBJ organized-crime activity) (VP will (VP increase (SBAR-TMP once (S (S (NP-SBJ-1 the units) (VP are (VP-2 dissolved (NP *-1)))) and (S (NP-SBJ=1-3 their responsibilities) (VP=2 transferred (NP *-3) (PP-CLR to (NP (NP U.S. attorneys ') offices))))))))))) .)) (TOP (S (NP-SBJ Some former strike-force personnel) (VP say (SBAR 0 (S (NP-SBJ-1 the units) (VP have (ADVP already) (VP begun (S (NP-SBJ *-1) (VP to (VP break (PRT up))))))))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ (NP The Eastern District unit) (PP-LOC in (NP (NP Brooklyn) , (NP N.Y.) ,))) (VP lost (NP (NP seven) (PP of (NP its 15 attorneys))) (NP-TMP this year) (SBAR-PRP partly because (S (NP-SBJ-1 the lawyers) (VP were (VP troubled (NP *-1) (PP by (NP-LGS the proposed reorganization)))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Laura A. Brevetti) , (SBAR (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (VP left (NP the strike force) (S-PRP (NP-SBJ *-4) (VP to (VP join (NP (NP Morrison Cohen Singer & Weinstein) , (NP a New York law firm))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP Those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP left))))) (VP have (VP expressed (NP an opinion (SBAR that (S (NP-SBJ the strike force) (VP should (VP continue)))))))) , '' (NP-SBJ Ms. Brevetti) (VP says (S *T*-2)) .)) (TOP (S But (NP-SBJ Mr. Runkel) (VP contends (SBAR 0 (S (NP-SBJ there) (VP has (VP been (NP-PRD (NP no exodus) (PP of (NP strike-force lawyers)))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (S (NP-SBJ 27 lawyers) (VP have (VP left))) and (S (NP-SBJ-1 21) (VP have (VP been (VP hired (NP *-1))))) (SBAR-TMP since (S (NP-SBJ Mr. Thornburgh) (VP announced (NP his plan))))))) .)) (TOP (S (PP-TMP At (NP (NP the time) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 the plan) (VP was (VP announced (NP *-1) (ADVP-TMP *T*-2))))))) , (NP-SBJ there) (VP were (NP-PRD 135 lawyers)) .)) (TOP (S (NP-SBJ-1 Some congressional leaders) (VP intend (S (NP-SBJ-2 *-1) (VP to (VP continue (S (NP-SBJ *-2) (VP to (VP fight (PP-CLR for (NP independent strike forces))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP (NP Sen. Edward M. Kennedy) (PRN -LRB- (NP D.) , (NP-LOC Mass .) -RRB-)))) (VP says (SBAR 0 (S (NP-SBJ-2 Mr. Thornburgh) (VP would (VP be (VP required (S (NP-SBJ *-2) (VP to (VP reinstate (NP the units) (NP-TMP next year)))) (SBAR-ADV if (S (NP-SBJ-1 an proposed omnibus crime bill) (VP is (VP passed (NP *-1))))))))))) .)) (TOP (S (PP Among (NP other things)) , (NP-SBJ the bill) (VP calls (PP-CLR for (NP (NP a reorganization) (PP of (NP the Justice Department))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 The Senate) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP consider (NP the bill) (ADVP-TMP shortly))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP the senator 's) spokesman) .)) (TOP (S (NP-SBJ Mr. Runkel) (VP says (SBAR 0 (S (NP-SBJ he) (VP doubts (SBAR 0 (S (NP-SBJ Mr. Kennedy) (VP can (VP muster (NP enough congressional support (S (NP-SBJ *) (VP to (VP reorganize (NP the Justice Department))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP will (VP (ADVP-MNR vigorously) oppose (NP the bill)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S -LRB- (NP-SBJ-1 the reorganization) (VP is -RRB- (VP going (S (NP-SBJ *-1) (VP to (VP happen))))))))) . '')) (TOP (S-HLN (NP-SBJ WHITMAN & RANSOM) (VP recruits (NP lawyers) (PP-CLR from (NP disbanding firm))) :)) (TOP (S (NP-SBJ The 204-lawyer New York firm) (VP will (VP bring (PRT in) (NP (NP (QP at least 12) partners) and (NP (NP a (ADJP (ADVP not yet) determined) number) (PP of (NP associates)))) (PP-CLR from (NP (NP Golenbock & Barell) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP dissolve (NP-TMP Dec. 31))))))))) .)) (TOP (S (NP-SBJ (NP Golenbock) , (PP with (NP 35 lawyers)) ,) (VP has (VP lost (NP several partners) (PP-TMP during (NP the past year)))) .)) (TOP (S (NP-SBJ-1 Some Golenbock lawyers) (VP wo n't (VP be (VP invited (NP-2 *-1) (S (NP-SBJ *-2) (VP to (VP join (NP Whitman & Ransom)))) , (PP according (PP to (NP (NP partners) (PP-LOC at (NP both firms)))))))) .)) (TOP (S (NP-SBJ Whitman & Ransom managing partner Maged F. Riad) (VP said (SBAR 0 (S (NP-SBJ the Golenbock recruits) (VP will (VP enhance (NP (NP the firm 's) (UCP corporate and litigation) departments)))))) .)) (TOP (S-HLN (NP-SBJ SHORT SKIRTS) (ADJP-PRD not welcome) (PP-LOC in (NP Texas court)) :)) (TOP (S (NP-SBJ-1 (NP Shelly Hancock) , (NP (NP a male county court judge) (PP-LOC in (NP Houston))) ,) (VP refused (S (NP-SBJ *-1) (VP to (VP let (S (NP-SBJ a woman) (VP plead (NP guilty) (PP-CLR to (NP a drunk-driving charge))))))) (SBAR-PRP because (S (NP-SBJ her skirt) (VP stopped (NP (NP three inches) (PP above (NP her knees))))))) .)) (TOP (S (S (NP-SBJ-3 The woman) (VP appeared (PP-LOC in (NP court)) (NP-TMP Thursday) (S-PRP (NP-SBJ *-3) (VP to (VP enter (NP her plea)))))) , but (S (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-4 she) (VP started (S (NP-SBJ *-4) (VP to (VP approach (NP the bench)))) (ADVP-TMP *T*-2)))) , (NP-SBJ-1 she) (VP was (VP stopped (NP *-1) (PP by (NP-LGS Judge Hancock))))) .)) (TOP (S (NP-SBJ He) (VP told (NP (NP (NP the woman 's) lawyer) , (NP Victor Blaine) ,) (SBAR that (S (NP-SBJ the short skirt) (VP was (ADJP-PRD inappropriate (PP for (NP a court appearance))))))) .)) (TOP (S (PP Despite (NP (NP Mr. Blaine 's) protests)) , (NP-SBJ the judge) (VP rescheduled (NP her case) (PP-TMP for (NP Nov. 27))) .)) (TOP (S (NP-SBJ-2 (NP Kelly Siegler) , (NP (NP an assistant district attorney) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (PP-LOC-PRD in (NP the courtroom)))))) ,) (VP disputed (NP suggestions (SBAR 0 (S (NP-SBJ the action) (VP was (ADJP-PRD sexist))))) , (S-ADV (NP-SBJ *-2) (VP saying (SBAR 0 (S (NP-SBJ she) (VP had (VP seen (S (NP-SBJ Judge Hancock) (VP turn (PRT away) (NP (NP male defendants) (VP dressed (NP *) (PP-CLR in (NP (NP shorts) , (NP tank tops) or (NP muscle shirts))) `` (NP-TMP many times)))))))))))) . '')) (TOP (S (NP-SBJ Judge Hancock) (VP did n't (VP return (NP phone calls))) .)) (TOP (S (NP-SBJ-1 (NP Warner Communications Inc.) and (NP Sony Corp.)) (VP (VP resumed (NP (NP settlement talks) (PP on (NP (NP their legal battle) (PP over (NP Hollywood producers (NX (NX Peter Guber) and (NX Jon Peters)))))))) , but (VP continued (S (NP-SBJ *-1) (VP to (VP level (NP strong accusations) (PP-CLR at (NP each other)) (PP-LOC in (NP legal documents))))))) .)) (TOP (S (NP-SBJ Warner) (VP has (VP filed (NP a (ADJP (QP $ 1 billion) *U*) (NAC breach (PP of (NP contract))) suit) (PP-LOC in (NP Los Angeles Superior Court)) (PP against (NP (NP (NP Sony) and (NP the Guber-Peters duo)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (PP in (NP turn)) (VP are (VP countersuing (NP-3 Warner) (PP-CLR for (S-NOM (NP-SBJ-2 *-3) (VP trying (S (NP-SBJ *-2) (VP to (VP interfere (PP-CLR in (NP (NP (NP Sony 's) acquisition) (PP of (NP (NP Columbia Pictures Entertainment Inc.) and (NP Guber Peters Entertainment Co.))) (PP-LOC in (NP (NP two transactions) (VP valued (NP *) (PP-CLR at (NP (QP over $ 5 billion) *U*))))))))))))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 settlement talks) (VP had (VP been (VP dropped (NP *-1)))))) , (NP-SBJ-5 (NP attorneys) (PP for (NP the two sides))) (ADVP apparently) (VP began (S (NP-SBJ *-5) (VP talking (ADVP again) (NP-TMP yesterday))) (PP in (NP an attempt (S (NP-SBJ *) (VP to (VP settle (NP the matter) (PP-TMP before (NP (NP Thursday) , (SBAR (WHADVP-4 when) (S (NP-SBJ-3 a judge) (VP is (VP expected (S (NP-SBJ *-3) (VP to (VP rule (PP-CLR on (NP (NP (NP Warner 's) request) (PP for (NP (NP an injunction) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP block (NP-6 the two producers) (PP-CLR from (S-NOM (NP-SBJ *-6) (VP taking (PRT over) (NP (NP the management) (PP of (NP Columbia))))))))))))))))) (ADVP-TMP *T*-4))))))))))))) .)) (TOP (S (NP-TMP Yesterday) , (PP-LOC in (NP (NP documents) (VP filed (NP *) (PP-CLR in (NP (NP connection) (PP with (NP that case))))))) , (NP-SBJ-3 Warner) (VP accused (NP-2 Sony officials) (PP-CLR of (S-NOM (NP-SBJ *-2) (VP (ADVP falsely) claiming (SBAR that (S (NP-SBJ they) (ADVP-TMP never) (VP read (NP (NP the five-year contract) (VP requiring (S (NP-SBJ the two producers) (VP to (VP make (NP movies) (PP-BNF exclusively for (NP Columbia))))))))))))) , (S-ADV (NP-SBJ *-3) (VP citing (NP (NP Securities and Exchange Commission filings) (VP made (NP *) (PP by (NP-LGS Sony))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP described (NP the contracts)))))))) .)) (TOP (S (NP-SBJ Warner) (VP was (VP referring (PP-CLR to (NP (NP documents) (VP filed (NP *) (NP-TMP last week)) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ (NP (NAC Sony Corp. (PP of (NP America))) Vice Chairman Michael Schulof) and (NP (NP Walter Yetnikoff) , (NP (NP president) (PP of (NP its CBS Records unit))) ,)) (VP said (SBAR 0 (S (NP-SBJ they) (VP had (VP taken (NP (NP Mr. Guber) and (NP Mr. Peters)) (PP-CLR at (NP their word)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the producers) (VP told (NP them) (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP getting (PP-CLR out (PP of (NP the contract))))) (VP would (VP be (NP-PRD no problem) (PP-PRP because of (NP a previous oral agreement)))))) (ADVP-TMP *T*-2)))))))) (PP-LOC *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Wayne Smith) , (NP (NP an attorney) (PP-LOC at (NP (NP Gibson , Dunn & Crutcher) (PP-LOC in (NP Los Angeles)))) (VP representing (NP Sony))) ,) (VP said (SBAR 0 (S (NP-SBJ the Sony executives) (VP had n't (VP seen (NP the contract) (SBAR-PRP because `` (S (NP-SBJ it) (VP was n't (ADJP-PRD relevant) (SBAR-TMP once (S (NP-SBJ Guber and Peters) (VP told (NP them) (SBAR 0 (S (NP-SBJ Warner) (VP would (VP let (S (NP-SBJ them) (VP terminate (NP it) (PP-TMP at (NP any time))))))))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Smith) (VP said (SBAR 0 (S (NP-SBJ-1 (NP statements) (PP about (NP the contract)) (VP made (NP *) (PP-LOC in (NP SEC filings)))) (VP were (VP made (NP *-1) (PP by (NP-LGS (NP attorneys) (SBAR (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP did (VP have (NP (NP access) (PP to (NP the contracts))))))) but (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP were n't (NP-PRD (NP part) (PP of (NP (NP the negotiations) (PP between (NP (NP Sony) and (NP the duo))))))))))))))))) .)) (TOP (S (NP-SBJ Warner executives) (ADVP also) (VP filed (NP (NP new sworn affidavits) (VP denying (NP (NP claims (SBAR *ICH*-2)) (PP by (NP Messrs. Guber and Peters)) (SBAR-2 that (S (NP-SBJ the two sides) (VP had (NP (NP an oral agreement) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP enabled (S (NP-SBJ the producers) (VP to (VP terminate (NP (NP their contract) (PP with (NP Warner)))))) (SBAR-ADV (SINV should (NP-SBJ the opportunity (S (NP-SBJ *) (VP to (VP run (NP a major studio))))) (VP come (PRT up))))))))))))))) .)) (TOP (S But (NP-SBJ Mr. Smith) (VP said (SBAR 0 (S (NP-SBJ-1 Sony) (VP intends (S (NP-SBJ *-1) (VP to (VP prove (SBAR (SBAR that (S (NP-SBJ the oral agreement) (VP did (PP in (NP fact)) (VP exist)))) , and (SBAR that (S (NP-SBJ even the existing written contract) (VP does n't (VP preclude (NP-2 the producers) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP taking (NP (NP executive posts) (PP-LOC at (NP another studio)))))))))))))))))) .)) (TOP (S (NP-SBJ Warner) (VP described (PP-CLR as `` (NP nonsense) '') (NP-TMP yesterday) (NP (NP (NP Sony 's) assertions (SBAR *ICH*-1)) (PP-LOC in (NP prior court filings)) (SBAR-1 that (S (NP-SBJ-2 (NP Mr. Guber) and (NP Mr. Peters)) (VP could (PP in (NP theory)) (VP run (NP Columbia) (SBAR-TMP while (S (NP-SBJ *-2) (ADVP still) (VP fulfilling (NP their contract (S (NP-SBJ *) (VP to (VP produce (NP movies) (PP for (NP Warner))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Such a dual role) (VP would (VP be `` (ADJP-PRD impractical and unethical)))) , '' (NP-SBJ-2 Warner) (VP said (SBAR 0 (S *T*-1)) , (S-ADV (NP-SBJ *-2) (VP adding , `` (S (NP-SBJ that concept) (VP is (ADJP-PRD (ADJP as silly) (PP as (S-NOM (NP-SBJ *) (VP suggesting (SBAR that (S (NP-SBJ (NP the head coach) (PP of (NP the Los Angeles Dodgers))) (VP could (ADVP-TMP simultaneously) (VP be (NP-PRD (NP general manager) (PP of (NP the San Francisco Giants)))))))))))))))) . '')) (TOP (S (NP-SBJ (NP Warner) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (PP-PRD in (NP (NP the process) (PP of (S-NOM (NP-SBJ-1 *) (VP being (VP acquired (NP *-1) (PP by (NP-LGS (ADJP New York-based) Time Warner Inc.))))))))))) ,) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP paid (NP the two producers) (NP (NP a fixed annual salary) (PP of (NP (QP $ 3 million) *U*))))))) .)) (TOP (S (NP-SBJ Dataproducts Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP filed (NP a lawsuit) (PP-LOC in (NP Delaware Chancery Court)) (S-PRP (NP-SBJ *-1) (VP to (VP block (NP (NP a tender offer) (PP by (NP DPC Acquisition Partners)))))) , (S-ADV (NP-SBJ *-1) (VP alleging (SBAR that (S (NP-SBJ the hostile offer) (VP violates (NP (NP a standstill agreement) (PP between (NP the two concerns)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP DPC) , (NP (NP an investor group) (VP led (NP *) (PP by (NP-LGS (ADJP New York-based) Crescott Investment Associates)))) ,) (VP had (NP-ADV itself) (VP filed (NP a suit) (PP-LOC in (NP (NP state court) (PP-LOC in (NP Los Angeles)))) (S-ADV (NP-SBJ-2 *-1) (VP seeking (S (NP-SBJ *-2) (VP to (VP nullify (NP the agreement)))))))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ-1 Dataproducts) (VP had (VP rejected (NP (NP a (ADJP (ADJP $ 15 *U*) (NP-ADV a share)) offer) (PP from (NP DPC))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ-2 it) (VP was n't (VP (ADVP adequately) financed (NP *-2))))))))) .)) (TOP (S (NP-SBJ DPC) (NP-TMP last week) (VP launched (NP (NP a new , (ADJP $ 10-a-share *U*) offer) (PP for (NP the (ADJP Woodland Hills , Calif.-based) computer printer maker)))) .)) (TOP (S (NP-SBJ DPC) (VP said (SBAR 0 (S (NP-SBJ it) (VP could n't (VP comment (PP-CLR on (NP the suit))))))) .)) (TOP (S (S (NP-SBJ (NP Boeing Co. 's) third-quarter profit) (VP leaped (NP-EXT 68 %))) , but (S (NP-SBJ-1 (NP Wall Street 's) attention) (VP was (VP focused (NP *-1) (PP-CLR on (NP (NP the picket line) , not (NP the bottom line)))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ the earnings report) (VP unfolded (SBAR-TMP as (S (NP-SBJ (NP representatives) (PP of (NP (NP (NP the world 's) No. 1 jet maker) and (NP the striking Machinists union)))) (VP came (ADVP-DIR back (PP to (NP the negotiating table))) (PP for (NP (NP their first meeting) (PP-TMP in (NP two weeks)))))))) .)) (TOP (S (NP-SBJ (NP Doug Hammond) , (NP (NP the federal mediator) (PP-LOC in (NP (NP Seattle) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 Boeing) (VP is (VP based (NP *-1) (ADVP-LOC *T*-2)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ-3 the parties) (VP will (VP continue (S (NP-SBJ *-3) (VP to (VP sit (PRT down) (ADVP-TMP daily) (SBAR-TMP until (S (S (NP-SBJ a new settlement proposal) (VP emerges)) or (S (NP-SBJ the talks) (VP break (PRT off) (ADVP again))))))))))))) .)) (TOP (S (PP Despite (NP the progress)) , (NP-SBJ Boeing) (VP indicated (SBAR that (S (NP-SBJ the work stoppage) (PRN , (ADVP-TMP now) (PP in (NP its 27th day)) ,) (VP will (VP have (NP (NP `` a serious adverse impact '') (PP on (NP the current quarter)))))))) .)) (TOP (S (PP For (NP the third quarter)) , (NP-SBJ net) (VP rose (PP-DIR to (NP (NP (QP $ 242 million) *U*) , or (NP (NP $ 1.05 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 144 million) *U*) , or (NP (NP 63 cents) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Sales) (VP climbed (NP-EXT 71 %) (PP-DIR to (NP (QP $ 6.36 billion) *U*)) (PP-DIR from (NP (QP $ 3.72 billion) *U*)) (SBAR-ADV as (S (NP-SBJ the company) (VP capitalized (PP-CLR on (NP (NP the ravenous global demand) (PP for (NP commercial airliners)))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ (NP it) (S *EXP*-3)) (VP 's (ADJP-PRD impossible) (S-3 (NP-SBJ *) (VP to (VP gauge (SBAR (WHADVP-2 how long) (S (NP-SBJ (NP the walkout) (PP by (NP 55,000 Machinists rank and file))) (VP will (VP last (ADVP-TMP *T*-2))))))))))) , (NP-SBJ-1 (NP the precise impact) (PP on (NP (NP Boeing 's) (NX (NX sales) , (NX earnings) , (NX cash flow) and (NX short-term investment position))))) (VP could n't (VP be (VP determined (NP *-1)))) .)) (TOP (S (NP-SBJ The investment community) , (ADVP however) , (VP (ADVP-MNR strongly) believes (SBAR that (S (NP-SBJ-1 the strike) (VP will (VP be (VP settled (NP *-1) (SBAR-TMP before (S (NP-SBJ there) (VP is (NP-PRD (NP any lasting effect) (PP on (NP either (NP Boeing) or (NP its work force))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP The company 's) total firm backlog) (PP of (NP unfilled orders)) (PP-TMP at (NP Sept. 30))) (VP stood (PP-CLR at (NP a mighty (QP $ 69.1 billion) *U*)) , (PP compared (PP with (NP (NP (QP $ 53.6 billion) *U*) (PP-TMP at (NP (NP the end) (X (PP of)))))))))) (TOP (S (SBAR-ADV Although (S (NP-SBJ the company) (VP could (VP see (S (NP-SBJ fourth-quarter revenue) (VP shrink (PP-EXT by (NP (QP nearly $ 5 billion) *U*)))) (SBAR-ADV if (S (NP-SBJ-2 it) (VP is n't (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP deliver (NP (ADJP any more) planes) (NP-TMP this year)))))))))))) , (NP-SBJ-1 those dollars) (ADVP actually) (VP would (ADVP just) (VP be (VP deferred (NP *-1) (PP-TMP until (NP 1990))))) .)) (TOP (S And (NP-SBJ-1 the company) (VP is (ADJP-PRD certain (S (NP-SBJ *-1) (VP to (VP get (PRT out) (NP some aircraft) (SBAR-MNR with (S (ADVP just) (NP-SBJ (NP supervisors) and (NP other non-striking employees)) (PP-PRD on (NP hand))))))))) .)) (TOP (S (SBAR-TMP Before (S (S (NP-SBJ the union) (VP rejected (NP (NP the company 's) offer))) and (S (NP-SBJ-1 the strike) (VP was (VP launched (NP *-1) (PP with (NP (NP the graveyard shift) (PP of (NP Oct. 4))))))))) , (NP-SBJ Boeing) (VP had (VP been (VP counting (PP-CLR on (S-NOM (NP-SBJ *) (VP turning (NP 96 aircraft) (PP-DIR out (NP the door)) (PP-TMP in (NP the present period)))))))) .)) (TOP (S (NP-SBJ That) (VP included (NP (NP 21) (PP of (NP (NP (NP the company 's) 747-400 jumbo jets) , (NP its (ADJP most successful) product))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's not (NP-PRD a pretty picture))) , '' (VP said (S *T*-1)) (NP-SBJ (NP David Smith) , (NP (NP an analyst) (PP with (NP Raymond James & Associates)))) .)) (TOP (S `` But (NP-SBJ it) (VP would (ADVP just) (VP mean (NP a great (ADJP first and second) quarter) (NP-TMP next year))) . '')) (TOP (S (NP-SBJ (NP Phillip Brannon) (PP of (NP Merrill Lynch Capital Markets))) (VP added : `` (S (NP-SBJ-1 You) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP (VP minimize (NP this)) and (VP say (SBAR 0 (S (NP-SBJ nobody) (VP is (VP looking (PP-CLR at (NP it)))))))))))))) .)) (TOP (S But (NP-SBJ the strike) (VP has n't (VP gone (PRT on) (ADVP-TMP long enough (SBAR for (S (NP-SBJ Boeing) (VP to (VP lose (NP business) (PP in (NP any real sense))))))))) . '')) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP the primary reason) (SBAR (WHADVP-2 0) (S (NP-SBJ (NP the company 's) share price) (VP has (VP held (PRT up) (ADVP-MNR so well) (SBAR-TMP (WHADVP-1 when) (PRN , (PP in (NP (NP Mr. Smith 's) words)) ,) `` (S (NP-SBJ most companies) (VP would (VP have (VP unraveled '' (PP-TMP by (ADVP now)) (ADVP-TMP *T*-1)))))) (ADVP-PRP *T*-2))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Boeing) (VP closed (NP-TMP yesterday) (PP-CLR at (NP (NP $ 54.50 *U*) (NP-ADV a share))) , (ADVP off (NP a scant 12.5 cents))) .)) (TOP (S (ADVP Still) , (NP-SBJ Boeing) (VP (VP went (PP-DIR through (NP its normal verbal gymnastics))) and (VP played (PRT up) (NP the downside))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ Chairman Frank Shrontz) (VP asserted (SBAR that (S (NP-SBJ the company) (VP `` faces (NP significant challenges and risks) , '' (PP on (NP both its (UCP commercial and government) contracts)))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ he) (VP noted (SBAR that (S (S (NP-SBJ (NP spending) (PP on (NP Pentagon programs))) (VP is (VP shrinking))) , and (S (NP-SBJ Boeing) (VP is (NP-PRD (NP either (NP the prime contractor) or (NP a major supplier)) (PP on (NP (NP many important military projects) , (PP including (NP (NP the B-2 Stealth bomber) , (NP the V-22 Osprey tilt-rotor aircraft) and (NP (NP the Air Force 's) next-generation tactical fighter))))))))))) .)) (TOP (S-1 (PP-PRP Because of (NP (NP cost overruns) (PP on (NP fixed-price military work)))) (PRN , (NP-SBJ Mr. Shrontz) (VP said (SBAR 0 (S *T*-1))) ,) (NP-SBJ (NP the company 's) defense business) (VP will (VP record `` (NP a significant loss) '' (PP-TMP in (NP 1989)))) .)) (TOP (S-2 (ADVP Moreover) (PRN , (NP-SBJ Mr. Shrontz) (VP added (S *T*-2)) ,) (NP-SBJ (NP production-rate increases) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP have (VP been (VP implemented (NP *-3) (PP-LOC on (NP the 737 , 747 , 757 and 767 programs)))))))) (VP have (VP resulted (PP-CLR in `` (NP serious work force skill-dilution problems)))) . '')) (TOP (S (NP-SBJ Suppliers and subcontractors) (VP are (VP experiencing (NP heightened pressure (S (NP-SBJ *) (VP to (VP support (NP delivery schedules))))))) .)) (TOP (S And , (PP of (NP course)) , (NP-SBJ there) (VP 's (NP-PRD the unsteady labor situation)) .)) (TOP (S (PP Besides (NP the Machinists pact)) , (NP-SBJ (NP accords) (VP representing (NP (NP 30,000) (PP of (NP (NP the company 's) (UCP engineering and technical) employees)) (PP in (NP the Puget Sound and (NAC-LOC Wichita , Kan. ,) areas))))) (VP expire (PP-TMP in (NP early December))) .)) (TOP (S (ADVP Also) , (NP-SBJ (NP a contract) (PP with (NP the United Auto Workers)) (PP-LOC at (NP (NP (NP the company 's) helicopter plant) (PP-LOC in (NP Philadelphia))))) (VP expired (NP-TMP Oct. 15)) .)) (TOP (S (NP-SBJ-1 (NP This contract) , (VP covering (NP (QP about 3,000) hourly production and maintenance workers)) ,) (VP is (VP being (VP extended (NP *-1) (PP-MNR on (NP a day-to-day basis))))) .)) (TOP (S (NP-SBJ The Machinists) (VP rejected (NP (NP a proposal) (VP featuring (NP (NP (NP a (ADJP 10 %) base wage increase) (PP over (NP (NP the life) (PP of (NP the three-year contract))))) , plus (NP (NP bonuses) (PP of (NP (NP (NP 8 %) (NP-TMP the first year)) and (NP (NP 3 %) (NP-TMP the second))))))))) .)) (TOP (S (PP On (NP (NP top) (PP of (NP that)))) , (NP-SBJ Boeing) (VP would (VP make (NP (NP cost-of-living adjustments) (VP projected (S (NP-SBJ *) (VP to (VP be (NP-PRD (NP 5 %) (PP for (NP (NP each year) (PP of (NP the contract)))))))))))) .)) (TOP (S (NP-SBJ The union) , (ADVP though) , (VP has (VP called (S (NP-SBJ the offer) `` (ADJP-PRD insulting)))) . '')) (TOP (S (NP-SBJ The company) (VP reiterated (NP-TMP yesterday) (SBAR that (S (NP-SBJ-1 it) (VP 's (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP (VP reconfigure (NP the package)) , but not (VP add (PP-CLR to (NP (NP the substance) (PP of (NP it))))))))))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ (NP Boeing 's) net) (VP increased (NP-EXT 36 %) (PP-DIR to (NP (NP (QP $ 598 million) *U*) , or (NP (NP $ 2.60 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 440 million) *U*) , or (NP (NP $ 1.92 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Sales) (VP soared (NP-EXT 28 %) (PP-DIR to (NP (QP $ 15.43 billion) *U*)) (PP-DIR from (NP (QP $ 12.09 billion) *U*))) .)) (TOP (S (PP-LOC In (NP a separate matter)) , (NP-SBJ the Justice Department) (NP-TMP yesterday) (VP said (SBAR 0 (S (NP-SBJ-1 Boeing) (VP agreed (S (NP-SBJ-2 *-1) (VP to (VP pay (NP the government) (NP (QP $ 11 million) *U*) (S-PRP (NP-SBJ *-2) (VP to (VP settle (NP claims (SBAR that (S (NP-SBJ-3 the company) (VP provided (NP inaccurate cost information) (PP-DTV to (NP the Air Force)) (SBAR-TMP while (S (NP-SBJ *-3) (VP negotiating (NP contracts (S (NP-SBJ *) (VP to (VP replace (NP (NP the aluminum skins) (PP on (NP the KC-135 tanker aircraft)))))))))))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The settlement) (VP relates (PP-CLR to (NP (NP four contracts) (VP negotiated (NP *) (PP-TMP (PP from (NP 1982)) (PP to (NP 1985)))))))) , (NP-SBJ prosecutors) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ They) (VP added (SBAR that (S (NP-SBJ the settlement) (VP is (NP-PRD (NP the culmination) (PP of (NP (NP a (ADJP 2 1) investigation) (PP into (NP (NP the company 's) aluminum pricing practices)) (PP in (NP (NP connection) (PP with (NP KC-135s))))))))))) .)) (TOP (S (NP-SBJ A Boeing spokesman) (VP responded : `` (S (ADVP-TMP All along) (NP-SBJ the company) (VP has (VP said (SBAR 0 (S (NP-SBJ there) (VP was (NP-PRD (NP no grounds) (PP for (NP criminal prosecution)))))))))) .)) (TOP (S (NP-SBJ-1 That) (VP was (VP borne (NP *-1) (PRT out) (PP by (NP-LGS (NP the Justice Department 's) decision '' (S (NP-SBJ *) (VP to (VP settle (NP the case)))))))) .)) (TOP (S (NP-SBJ Foothills Pipe Lines Ltd.) (VP filed (NP an application (S *ICH*-1)) (PP-CLR with (NP Canadian regulators)) (S-1 (NP-SBJ *) (VP to (VP build (NP a (ADJP (ADJP (QP 4.4 billion) Canadian dollar) (PRN -LRB- (ADJP (QP US$ 3.74 billion) *U*) -RRB-)) pipeline) (S-PRP (NP-SBJ *) (VP to (VP transport (NP natural gas) (PP-DIR from (NP (NP Canada 's) Arctic)) (PP-DIR to (NP U.S. markets)) (S-TMP (NP-SBJ *) (VP beginning (X (PP in))))))))))))) (TOP (S (NP-SBJ-2 (NP The application) (PP by (NP (NP Foothills) , (VP owned (NP *) (PP by (NP-LGS (NP (NP Calgary-based Nova Corp.) (PP of (NP Alberta))) and (NP (NP Westcoast Energy Inc.) (PP of (NP (NP Vancouver) , (NP Canada) ,))))))))) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP kick (PRT off) (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP could (VP be (NP-PRD (NP a contentious battle) (PP for (NP the right (S (NP-SBJ *) (VP to (VP transport (NP (NP vast quantities) (PP of (NP gas))) (PP-DIR to (NP southern markets)) (PP-DIR from (NP (NP still-undeveloped fields) (PP-LOC in (NP (NP Canada 's) Mackenzie River delta))))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD (NP a pre-emptive strike) (PP by (NP Foothills))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Rick Hillary) , (NP (NP natural gas manager) (PP of (NP (NP (NP the Calgary-based Independent Petroleum Association) (PP of (NP Canada))) , (NP an industry group))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 Foothills) (VP wants (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-3)) (ADJP-PRD clear (PP to (NP other pipeline companies))) (SBAR-3 that (S (NP-SBJ it) (VP 's (PP-PRD on (NP first)) (PP-PRP insofar as (S-NOM (NP-SBJ *) (VP transporting (NP gas) (PP-DIR from (NP the Arctic)) (PP-DIR to (NP southern markets)))))))))))))) , '' (NP-SBJ Mr. Hillary) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ-2 (QP At least two) rival applications) (VP are (VP expected (S (NP-SBJ *-2) (VP to (VP emerge (PP-TMP in (NP coming months))))) , (PP including (NP (NP one) (PP from (NP (NP TransCanada PipeLines Ltd.) , (NP (NP Canada 's) largest natural gas pipeline operator))))))) .)) (TOP (S (NP-SBJ-3 Another) (VP is (VP expected (NP *-3) (PP from (NP (NP a consortium) (PP of (NP (NP oil and gas producers) (SBAR (WHNP-4 who) (S (NP-SBJ *T*-4) (VP won (NP conditional approval (S *ICH*-2)) (NP-TMP this month) (PP-CLR from (NP (NP Canada 's) National Energy Board)) (S-2 (NP-SBJ *) (VP to (VP export (NP (NP (QP about 9.2 trillion) cubic feet) (PP of (NP Mackenzie delta gas))) (PP-DIR to (NP the U.S.)) (S-TMP (NP-SBJ *) (VP starting (PP-TMP in (NP 1996)))))))))))))))) .)) (TOP (S (NP-SBJ The producers) (VP include (NP (NP (NP Shell Canada Ltd.) , (NP (NP a unit) (PP of (NP Royal Dutch/Shell Group)))) ; (NP (NP Esso Resources Canada Ltd.) , (NP (NP a unit) (PP of (NP (NP Imperial Oil Ltd.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD 71%-owned (PP by (NP Exxon Corp.)))))))))) ; and (NP (NP Gulf Canada Resources Ltd.) , (NP (NP a unit) (PP of (NP Olympia & York Developments Ltd)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The -LCB- National Energy Board -RCB- approval) (PP of (NP the exports))) (VP (ADVP just) waved (NP (NP the starting flag) (PP for (NP (NP the next stage) , (NP the rush (S (NP-SBJ *) (VP to (VP build (NP (NP facilities) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP transport (NP the gas))))))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Bill Koerner) , (NP (NP an analyst) (PP with (NP (NP Brady & Berliner) , (NP a (NAC-LOC Washington , D.C. ,) law firm))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Foothills ') main rival) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP build (NP a Mackenzie Delta pipeline)))))) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (NP-PRD TransCanada PipeLines)))))) .)) (TOP (S (NP-SBJ The Toronto-based company) , (ADVP together (PP with (NP (NP Tenneco Inc.) (PP of (NP Houston))))) , (VP has (VP had (NP (NP an incomplete proposal) (VP filed (NP *) (PP-CLR with (NP Canadian regulators))) (SBAR *ICH*-2)) (PP-TMP since (NP 1984)) (SBAR-2 (WHNP-1 that) (S (NP-SBJ it) (VP is (ADVP-TMP now) (VP updating (NP *T*-1))))))) .)) (TOP (S (PP Like (NP Foothills)) , (NP-SBJ-1 (NP TransCanada 's) Polar Gas consortium) (VP plans (S (NP-SBJ *-1) (VP to (VP build (NP (NP a pipeline) (PP *ICH*-3)) (ADVP-LOC directly south (PP from (NP (NP the Mackenzie River delta) (PP-LOC in (NP (NP Canada 's) western Arctic))))) (PP-3 with (NP an initial capacity (S (NP-SBJ *) (VP to (VP transport (NP (NP (QP 1.2 billion) cubic feet) (PP of (NP gas)) (ADVP-TMP daily))))))))))) .)) (TOP (S (NP-SBJ Industry sources) (VP said (SBAR 0 (S (NP-SBJ they) (VP expect (S (NP-SBJ (NP a fierce battle) (PP *ICH*-4)) (VP to (VP emerge (PP-4 between (NP (NP (NP TransCanada) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP a monopoly) (PP on (NP (NP Canadian gas transportation) (ADVP-LOC east (PP of (NP Alberta)))))))))) , and (NP (NP Nova and Westcoast) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP control (NP (NP the pipelines) (UCP-LOC (PP within (NP *RNR*-3)) and (VP running (ADVP-CLR west (PP of (NP *RNR*-3)))) (NP-3 Alberta) , (ADVP respectively)))))))))))))))) .)) (TOP (SINV `` (S-TPC-4 (S (NP-SBJ This) (VP is (NP-PRD (NP virgin territory) , (ADJP unclaimed)))) , and (S (NP-SBJ-3 it) (VP 's (VP going (S (NP-SBJ *-3) (VP to (VP be (ADJP-PRD nasty)))))))) , '' (VP said (S *T*-4)) (NP-SBJ (NP one observer) , (SBAR (WHNP-2 who) (S (NP-SBJ-5 *T*-2) (VP asked (S (NP-SBJ-1 *-5) not (VP to (VP be (VP named (NP *-1))))))))) .)) (TOP (S `` (NP-SBJ-1 Neither) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP back (PRT down) (ADVP-MNR easily)))))) . '')) (TOP (S (NP-SBJ-1 TransCanada) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the Foothills application)))))) .)) (TOP (S But (NP-TMP last week) (NP-SBJ (NP Gerald Maier) , (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP TransCanada))) ,) (VP said (SBAR (SBAR 0 (S (NP-SBJ-2 the company) `` (VP intends (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP a party) (PP to (NP (NP any transportation system) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP goes (ADVP-LOC up there))))))))))) '')) and (SBAR that (S (NP-SBJ-3 it) (VP would (VP consider (NP (NP joint ventures) (PP with (NP other players))) (S-PRP (NP-SBJ *-3) (VP to (VP ensure (SBAR 0 (S (NP-SBJ it) (VP has (NP a role))))))))))))) .)) (TOP (S (NP-SBJ-2 (NP A number) (PP of (NP issues))) (ADVP still) (VP need (S (NP-SBJ-1 *-2) (VP to (VP be (VP resolved (NP *-1))))) (SBAR-TMP before (S (NP-SBJ Canadian regulators) (VP give (NP any project) (NP the final go-ahead))))) .)) (TOP (S (ADVP First) , (NP-SBJ-1 (NP the price) (PP of (NP natural gas))) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP (ADVP almost) double))))) .)) (TOP (S (NP-SBJ (NP Kent Jesperson) , (NP (NP president) (PP of (NP Foothills))) ,) (VP said (SBAR 0 (S (NP-SBJ the company) (VP believes (SBAR 0 (S (NP-SBJ the project) (VP would (VP be (ADJP-PRD viable) (SBAR-ADV if (S (NP-SBJ gas prices) (VP reach (NP (NP US$ 3.25 *U*) (NP-ADV a thousand cubic feet)) (PP-TMP by (NP 1995)) , (PP in (NP current dollars)) , (ADVP up (PP from (NP (NP a current spot price) (PP of (NP (QP about US$ 1.50) *U*)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Jesperson 's) (ADJP US$ 3.25 *U*) estimate) (VP is (PP-PRD somewhat below (NP (NP the (ADJP $ 3.39 *U*) floor price) (SBAR (WHNP-2 that) (S (NP-SBJ Calgary-based consulting firm Paul Ziff & Co.) (ADVP-TMP recently) (VP said (SBAR 0 (S (NP-SBJ-1 *T*-2) (VP would (VP be (VP needed (NP *-1) (SBAR-PRP for (S (NP-SBJ Mackenzie delta gas producers) (VP to (VP see (NP (NP a return) (PP on (NP their investment)))))))))))))))))) .)) (TOP (S (NP-SBJ U.S. gas buyers) (VP must (ADVP also) (VP decide (SBAR whether (S (NP-SBJ-2 they) (VP want (S (NP-SBJ *-2) (VP to (VP (VP enter (NP (NP firm contracts) (PP for (NP Mackenzie delta gas)))) or (VP develop (NP Alaskan reserves) (PP-LOC in (NP the Prudhoe Bay area)) (ADVP-TMP first) , (NP (NP a project) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP been (PP-PRD on (NP hold)) (PP-TMP for (NP (NP more) (PP than (NP a decade)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Robert Pierce) , (NP (NP (NP chairman) and (NP chief executive)) (PP of (NP Foothills))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP 's (ADJP-PRD too early (S (NP-SBJ *) (VP to (VP say (SBAR whether (S (NP-SBJ (UCP Alaskan or Mackenzie delta) gas) (VP would (VP flow (PP-DIR to (NP market)) (ADVP-TMP first))))))))))))) .)) (TOP (S But (NP-SBJ Foothills) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP seek (NP regulatory approval (S (NP-SBJ *) (VP to (VP build (NP (NP an alternative line) , (NP the Alaska Natural Gas Transportation System)) (ADVP-LOC further north (PP toward (NP Alaska)))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 that option) (VP is (VP favored (NP *-1) (PP by (NP-LGS gas buyers and regulators)))))) , (NP-SBJ Foothills) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP build (NP (NP another smaller pipeline) (VP connecting (NP Mackenzie Delta reserves) (PP-CLR to (NP the Alaska mainline))))))))) .)) (TOP (S (NP-SBJ It) (VP 's (ADVP also) (ADJP-PRD likely (SBAR that (S (NP-SBJ-1 regulators) (VP will (VP try (S (NP-SBJ *-1) (VP to (VP forge (NP (NP some kind) (PP of (NP (NP consensus) (PP between (NP the would-be pipeline builders))))))) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP undertaking (NP (NP any hearings) (PP into (NP rival projects))))))))))))) .)) (TOP (S (NP-SBJ (NP Douglas Stoneman) , (NP (NP vice president) (PP of (NP Shell Canada))) ,) (VP noted (SBAR that (S (NP-SBJ-2 producers) (VP would (VP prefer (S (NP-SBJ *-2) (VP to (VP avoid (NP (NP hearings) (PP into (NP competing proposals)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP (VP lengthen (NP the regulatory review process)) and (VP bog (PRT down) (NP development))))))))))))))) .)) (TOP (S (NP-SBJ (NP Interprovincial Pipe Line Co.) , (NP (NP an oil pipeline operator) (VP rumored (S (NP-SBJ *) (VP to (VP be (VP mulling (NP (NP a gas pipeline proposal) (PP of (NP its own))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ that) (VP is n't (PP-PRD in (NP the cards)))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ (NP Richard Haskayne) , (NP (NP (NP president) and (NP chief executive)) (PP of (NP (NP (NP Interprovincial 's) Calgary-based parent) , (NP Interhome Energy Inc.)))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP would (VP prefer (S (NP-SBJ *-1) (VP to (VP work (PP-CLR with (NP other `` interested parties '')) (PP-CLR on (NP a joint proposal)))))))))) .)) (TOP (S (PP As (PP for (NP (NP Foothills ') pre-emptive bid))) , (NP-SBJ Mr. Haskayne) (VP said , `` (S (SBAR-ADV If (S (NP-SBJ they) (VP think (SBAR 0 (S (NP-SBJ it) (VP gives (NP them) (NP (NP some kind) (PP of (NP priority position))))))))) , (INTJ well) , (NP-SBJ that) (VP 's (NP-PRD their strategy)))) .)) (TOP (S (NP-SBJ The Federal Reserve Board) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP delaying (NP (NP approval) (PP of (NP (NP (NP First Union Corp. 's) proposed (ADJP (QP $ 849 million) *U*) acquisition) (PP of (NP (NP Florida National Banks) (PP of (NP Florida Inc.))))))) , (PP-TMP pending (NP (NP the outcome) (PP of (NP (NP an examination) (PP into (NP (NP (NP First Union 's) lending practices) (PP-CLR in (NP low-income neighborhoods))))))))))))) .)) (TOP (S (NP-SBJ The decision) (VP reflects (NP (NP (NP the Fed 's) tougher stance) (PP on (S-NOM (NP-SBJ *) (VP enforcing (NP (NP the Community Reinvestment Act) , (NP (NP a federal law) (VP passed (NP *) (PP-TMP in (NP 1977)) (S-PRP (NP-SBJ *) (VP to (VP help (S (NP-SBJ low-income residents) (VP obtain (NP loans)))))))))))))) .)) (TOP (S (PP-TMP In (NP recent years)) , (NP-SBJ-2 unions and community groups) (VP have (VP won (NP (NP big commitments (S *ICH*-1)) (PP from (NP banks)) (S-1 (NP-SBJ *) (VP to (VP make (NP low-interest loans) (PP-LOC in (NP certain neighborhoods)))))) (PP-MNR by (S-NOM (NP-SBJ-3 *-2) (VP threatening (S (NP-SBJ *-3) (VP to (VP hold (PRT up) (NP proposed acquisitions) (PP-MNR with (NP (NP protests) (PP to (NP the Fed)) (PP about (NP reinvestment act compliance)))))))))))) .)) (TOP (S (NP-SBJ Few petitions) , (ADVP however) , (VP have (ADVP actually) (VP delayed or scuttled (NP mergers))) .)) (TOP (S (NP-SBJ The current dispute) (VP involves (NP allegations (SBAR that (S (NP-SBJ (ADJP Charlotte , N.C.-based) First Union) (VP has n't (VP lived (PRT up) (PP to (NP (NP its responsibilities) (PP-LOC under (NP the reinvestment act)))))))))) .)) (TOP (S (PP-TMP During (NP the summer)) , (NP-SBJ (NP Legal Services Corp.) , (NP a Florida legal aid group) ,) (VP filed (NP a petition) (PP-CLR with (NP the Fed)) (PP on (NP (NP behalf) (PP of (NP (NP residents) (PP-LOC in (NP four Florida counties))))))) .)) (TOP (S (NP-SBJ-2 The petition) (VP challenged (NP (NP (NP First Union 's) lending record) (PP-LOC in (NP the state))) , (S-ADV (NP-SBJ *-2) (VP saying (SBAR that (S (NP-SBJ the bank-holding company) (VP (VP had `` (VP shut (NP itself) (PRT off) (PP-CLR from (NP (NP contact) (PP with (NP the low-income community)))))) and (VP is (VP redlining (NP (NP almost every black neighborhood) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP serves (NP *T*-1) (PP-LOC in (NP the state)))))))))))))) . '')) (TOP (S-1 (PP-LOC In (S-NOM (NP-SBJ *-3) (VP deferring (NP (NP action) (PP on (NP the merger)))))) (PRN , (NP-SBJ the Fed) (VP said (SBAR 0 (S *T*-1))) ,) `` (NP-SBJ-3 The Board) (VP does not (VP believe (SBAR that (S (NP-SBJ there) (VP is (NP-PRD sufficient information) (PP-LOC in (NP the record)) (PP-TMP at (NP this time)) (S-PRP (NP-SBJ *) (VP to (VP allow (S -LCB- (NP-SBJ it) -RCB- (VP to (VP reach (NP (NP a final conclusion) (PP on (NP (NP (NP First Union 's) record) (PP of (S-NOM (NP-SBJ-4 *) (VP helping (S (NP-SBJ *-4) (VP to (VP meet (NP (NP the credit needs) (PP of (NP (NP the communities) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP serves (NP *T*-2) (PP-LOC in (NP (NP Florida) and (NP North Carolina)))))) , (PP including (NP (NP (ADJP low (PP to (ADJP moderate-income))) neighborhoods) (PP-LOC in (NP those communities))))))))))))))))))))))))))) . '')) (TOP (S (NP-SBJ The Fed) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the Comptroller) (PP of (NP the Currency))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP begin (NP (NP a Community Reinvestment Act examination) (PP of (NP (NP First Union 's) Florida and North Carolina banking units))) (PP-TMP in (NP the next two weeks)))))))))) .)) (TOP (S (NP-SBJ (NP First Union) , (PP with (NP (NP assets) (PP of (NP (QP about $ 32 billion) *U*)))) ,) (VP (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP disappointed (NP *-1) (PP by (NP-LGS the delay))))))) but (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP cooperate (PP-CLR with (NP regulatory authorities)))))))) .)) (TOP (S (NP-SBJ The bank) (VP added (SBAR that (S (NP-SBJ it) (VP believes (SBAR 0 (S (NP-SBJ the review) (VP will `` (VP demonstrate (SBAR that (S (NP-SBJ First Union) (VP is (PP-PRD in (NP (NP compliance) (PP with (NP (NP the requirements) (PP of (NP the Community Reinvestment Act))))))))))))))))) . '')) (TOP (S (NP-SBJ The company) (VP has (ADVP already) (VP missed (NP (NP its initial Oct. 1 target date) (PP for (S-NOM (NP-SBJ *) (VP completing (NP the merger))))))) .)) (TOP (S (NP-SBJ It) (VP said (NP-TMP yesterday) (SBAR 0 (S (NP-SBJ-1 it) (ADVP still) (VP expects (S (NP-SBJ *-1) (VP to (VP close (NP the acquisition) (UCP-TMP (NP-TMP later this year) or (ADVP early (PP in (NP 1990))))))))))) .)) (TOP (S (NP-SBJ-1 Florida National) , (SBAR-ADV if (S (NP-SBJ-2 *-1) (VP acquired (NP *-2)))) , (VP would (VP (ADVP almost) double (NP (NP (NP First Union 's) banking franchise) (PP-LOC in (NP Florida))) (PP-DIR to (NP (NP (QP $ 17 billion) *U*) (PP in (NP assets)))))) .)) (TOP (S (NP-SBJ That) (VP would (VP make (S (NP-SBJ it) (NP-PRD (NP the second-largest bank) , (PP after (NP Barnett Banks Inc.)) , (PP-LOC in (NP (NP a state) (VP (ADVP widely) considered (S (NP-SBJ *) (VP to (VP be (NP-PRD (NP the (ADJP most lucrative) banking market) (PP-LOC in (NP the country))))))))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ First Union shares) (VP rose (NP-EXT 25 cents) (PP-DIR to (NP $ 23 *U*))) .)) (TOP (S (NP-SBJ Florida National stock) (VP closed (ADJP-CLR unchanged) (PP-CLR at (NP $ 25.875 *U*)) (PP-LOC in (NP national over-the-counter trading))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ the Fed) (VP denied (NP (NP an application (S *ICH*-1)) (PP by (NP-LGS Continental Bank Corp.)) (S-1 (NP-SBJ *) (VP to (VP purchase (NP (NP Grand Canyon State Bank) (PP-LOC in (NP (NP Scottsdale) , (NP Ariz.) ,))))))) (PP-PRP on (NP grounds (SBAR that (S (NP-SBJ Continental) (VP had n't (VP (ADVP fully) complied (PP-CLR with (NP the Community Reinvestment Act))))))))) .)) (TOP (S (PP-TMP At (NP the time)) , (NP-SBJ the Fed) (VP said (SBAR 0 (S (NP-SBJ (NP the denial) , (NP (NP the (ADJP first ever)) (PP on (NP such grounds))) ,) (VP signaled (NP (NP (NP the agency 's) new emphasis) (PP on (NP the Community Reinvestment Act))))))) .)) (TOP (S (NP-SBJ (NP Eastern Airlines ') creditors committee) (VP backed (PP-CLR off (NP (NP a move) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP come (PRT up) (PP-CLR with (NP (NP its own alternative proposals) (PP to (NP (NP the carrier 's) bankruptcy reorganization plans)))))))))) , (PP according (PP to (NP (NP sources) (ADJP familiar (PP with (NP the committee))))))) .)) (TOP (S (S-TPC-3 (PP-LOC In (NP (NP a meeting) (PP-LOC in (NP New York)) (NP-TMP yesterday))) , (NP-SBJ the committee) (VP put (PP-PUT on (NP hold)) (NP (NP instructions (S *ICH*-1)) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP gave (NP *T*-2) (ADVP-TMP (NP two weeks) ago) (PP-DTV to (NP its experts))))) (S-1 (NP-SBJ *) (VP to (VP explore (NP (NP other options) (PP for (NP (NP Eastern 's) future))))))))) , (NP-SBJ the sources) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-1 The consultants) (VP had (VP been (VP working (S (NP-SBJ *-1) (VP to (VP finish (NP a report) (NP-TMP this week))))))) .)) (TOP (S (NP-SBJ That) (VP means (SBAR 0 (S (NP-SBJ (NP Eastern) , (NP (NP a unit) (PP of (NP (NP Texas Air Corp.) (PP of (NP Houston))))) ,) (VP can (VP go (ADVP-DIR forward) (PP-CLR with (NP (NP its pitch) (PP for (NP creditor approval)))) (ADVP-TMP (ADVP as early) (PP as (NP (NP today) , (SBAR (WHADVP-1 when) (S (NP-SBJ-2 it) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP deliver (NP a revised reorganization plan) (PP-DTV to (NP the committee)) (ADVP-TMP *T*-1)))))))))))))))) .)) (TOP (S (NP-SBJ-1 The committee) (VP intends (S (NP-SBJ-2 *-1) (VP to (VP meet (NP-TMP next week) (S-PRP (NP-SBJ *-2) (VP to (VP make (NP (NP a recommendation) (PP on (NP the new plan)))))))))) .)) (TOP (S (PP-LOC In (NP another development)) (NP-TMP yesterday) , (NP-SBJ-1 creditors) (VP were (VP told (NP *-1) (SBAR that (S (NP-SBJ (NP (QP $ 40 million) *U*) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP had (VP expected (S (NP-SBJ *T*-2) (VP to (VP become (ADJP-PRD available (PP-PRP for (S-NOM (NP-SBJ *) (VP implementing (NP a reorganization))))))))))))) (VP may not (VP materialize)))) , (PP according (PP to (NP one source))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Texas Air) (VP has (VP run (PP-CLR into (NP (NP difficulty) (S-NOM (NP-SBJ *) (VP reselling (NP (NP (QP about $ 20 million) *U*) (PP of (NP debt securities))))))) (PP-PRP because of (NP (NP problems) (PP-LOC in (NP the junk bond market))))))) , (NP-SBJ the person) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 And (NP-SBJ plans (S (NP-SBJ *) (VP to (VP raise (NP (QP another $ 20 million) *U*) (PP-MNR through (NP (NP changes) (PP to (NP an insurance policy)))))))) (VP have (VP hit (NP a snag)))) , (NP-SBJ the source) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ An Eastern spokesman) (VP said `` (S (NP-SBJ the (QP $ 40 million) *U*) (VP will (VP have (NP (NP no effect) (ADVP whatsoever) (PP on (NP (NP the asset structure) (PP of (NP (NP Eastern 's) plan))))))))) .)) (TOP (S (NP-SBJ (NP (QP Forty million)) (PP in (NP (NP the total scheme) (PP of (NP things))))) (VP is not (ADJP-PRD that significant)) . '')) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP is (ADJP-PRD unclear) (SBAR-2 (WHNP-1 what) (S (NP-SBJ *T*-1) (VP caused (S (NP-SBJ the creditors) (VP to (VP do (NP (NP an about-face) (PP on (S-NOM (NP-SBJ *) (VP exploring (NP (NP alternatives) (PP to (NP (NP Eastern 's) new reorganization plan)))))))))))))) .)) (TOP (S (ADVP However) , (SBAR-TMP since (S (NP-SBJ Eastern) (VP (ADVP first) filed (PP-CLR for (NP Chapter 11 protection)) (NP-TMP March 9)))) , (NP-SBJ-1 it) (VP has (VP (ADVP-MNR consistently) promised (S (NP-SBJ *-1) (VP to (VP pay (NP creditors) (NP (NP 100 cents) (PP on (NP the dollar)))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ-1 the carrier) (VP is (ADVP still) (VP pledging (S (NP-SBJ *-1) (VP to (VP do (NP that)))))))) , (NP-SBJ some committee members) (VP (ADVP-MNR successfully) argued (SBAR that (S (NP-SBJ there) (VP 's (NP-PRD (NP little reason) (SBAR *ICH*-3)) (ADVP yet) (SBAR-3 (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP explore (NP a different plan) (ADVP-PRP *T*-2)))))))) , (PP according (PP to (NP (NP one person) (ADJP familiar (PP with (NP (NP the creditors ') position))))))) .)) (TOP (S (NP-TMP Earlier this month) (NP-SBJ (NP (NP the accounting firm) (PP of (NP Ernst & Young))) and (NP (NP the securities firm) (PP of (NP (NP Goldman , Sachs & Co.) , (NP (NP the experts) (VP hired (NP *) (PP by (NP-LGS the creditors)))) ,)))) (VP contended (SBAR that (S (NP-SBJ-1 Eastern) (VP would (VP have (NP (NP difficulty) (S-NOM (NP-SBJ *-1) (VP meeting (NP (NP earnings targets) (SBAR (WHNP-2 0) (S (NP-SBJ the airline) (VP was (VP projecting (NP *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ Ernst & Young) (VP said (SBAR 0 (S (NP-SBJ (NP Eastern 's) plan) (VP would (VP miss (NP projections) (PP by (NP (QP $ 100 million) *U*))))))) .)) (TOP (S (NP-SBJ Goldman) (VP said (SBAR 0 (S (NP-SBJ Eastern) (VP would (VP miss (NP the same mark) (PP by (NP (QP at least $ 120 million) *U*))))))) .)) (TOP (S (NP-SBJ The consultants) (VP maintained (SBAR 0 (S (NP-SBJ-2 Eastern) (VP (VP would n't (VP generate (NP (NP the cash) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP needs (NP *T*-1))))))) and (VP would (VP have (S (NP-SBJ-3 *-2) (VP to (VP issue (NP new debt) (S-PRP (NP-SBJ *-3) (VP to (VP meet (NP its targets) (PP-LOC under (NP the plan)))))))))))))) .)) (TOP (S (NP-SBJ Eastern) (PP-TMP at (NP the time)) (VP (VP disputed (NP those assessments)) and (VP called (S (NP-SBJ (NP the experts ') report) `` (PP-PRD completely off (NP base))))) . '')) (TOP (S (NP-TMP Yesterday) , (NP-SBJ-2 (NP Joel Zweibel) , (NP (NP an attorney) (PP for (NP (NP Eastern 's) creditors committee))) ,) (VP declined (S (NP-SBJ *-2) (VP to (VP comment (PP-CLR on (SBAR (SBAR whether (S (NP-SBJ-1 the experts) (VP had (ADVP-TMP ever) (VP been (VP instructed (NP-3 *-1) (S (NP-SBJ *-3) (VP to (VP look (PP-CLR at (NP other choices)))))))))) and (SBAR whether (S (NP-SBJ-4 they) (ADVP-TMP now) (VP were (VP asked (NP-5 *-4) (S (NP-SBJ *-5) not (VP to (VP *?*))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (ADVP only) (SBAR (SBAR that (S (NP-SBJ the committee) (VP has (ADVP not yet) (VP taken (NP (NP any position) (PP on (NP (NP Eastern 's) reorganization plan))))))) and (SBAR that (S (NP-SBJ the two sides) (VP were (ADVP still) (VP negotiating)))))) .)) (TOP (S `` (S-TPC-2 (PP In (NP every case)) , (NP-SBJ-1 people) (VP would (VP like (S (NP-SBJ *-1) (VP to (VP see (NP a consentual plan))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ (NP Eastern) and (NP its creditors)) (VP agreed (PP-TMP in (NP July)) (PP-CLR on (NP (NP a reorganization plan) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP called (SBAR for (S (NP-SBJ the carrier) (VP (VP to (VP sell (PRT off) (NP (NP (QP $ 1.8 billion) *U*) (PP in (NP assets))))) and (VP to (VP emerge (PP-DIR from (NP Chapter 11 status)) (PP-TMP in (NP late 1989)) (PP at (NP two-thirds its former size))))))))))))) .)) (TOP (S (NP-SBJ-3 Eastern) (ADVP-TMP eventually) (VP decided (S (NP-SBJ *-3) not (VP to (VP sell (PRT off) (NP (NP a major chunk) , (NP (NP its (ADJP South American) routes) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP were (VP valued (NP *-1) (PP-CLR at (NP (QP $ 400 million) *U*)))))))))))) .)) (TOP (S (NP-SBJ Such a change) (VP meant (SBAR 0 (S (S (NP-SBJ (NP the reorganization plan) (SBAR (WHNP-1 0) (S (NP-SBJ the creditors) (VP had (VP agreed (PP-CLR on (NP *T*-1))))))) (VP was (ADVP-TMP no longer) (ADJP-PRD valid))) , and (S (NP-SBJ-2 the two sides) (VP had (S (NP-SBJ-3 *-2) (VP to (VP begin (S (NP-SBJ *-3) (VP negotiating)) (ADVP again))))))))) .)) (TOP (S (NP-SBJ Eastern) (VP (VP has (VP (ADVP-MNR publicly) stated (SBAR 0 (S (NP-SBJ it) (VP is (VP exceeding (NP (NP its goals) (PP for (S-NOM (NP-SBJ *) (VP getting (ADVP-CLR back (PP into (NP operation))))))))))))) and (VP has (VP predicted (SBAR 0 (S (NP-SBJ-1 it) (VP would (VP emerge (PP-DIR from (NP Chapter 11 proceedings)) (NP-TMP early next year) , (S-ADV (NP-SBJ *-1) (VP operating (NP (NP more flights) (SBAR than (S (NP-SBJ it) (ADVP originally) (VP had (VP scheduled (NP *?*))))))))))))))) .)) (TOP (S (NP-SBJ The following) (VP were (PP-LOC-PRD among (NP (NP (NP yesterday 's) offerings and pricings) (PP-LOC in (NP the (UCP U.S. and non-U.S.) capital markets)))) , (PP with (NP (NP terms) and (NP syndicate manager))) , (SBAR-ADV as (S (NP-SBJ-1 *) (VP compiled (NP *-1) (PP by (NP-LGS Dow Jones Capital Markets Report)))))) :)) (TOP (NP-HLN New York City --)) (TOP (NP (NP (QP $ 813.4 million) *U*) (PP of (NP (NP general obligation bonds) , (NP Fiscal 1990 Series C and D) ,)) (PP including (NP (NP (NP (QP $ 757.4 million) *U*) (PP of (NP tax-exempt bonds))) and (NP (NP (QP $ 56 million) *U*) (PP of (NP taxable bonds))))) , (VP (ADVP tentatively) priced (NP *) (PP by (NP-LGS a Goldman Sachs & Co. group))) .)) (TOP (S (NP-SBJ (NP Yields) (PP for (NP tax-exempt bonds))) (VP range (PP-CLR (PP from (NP (NP (QP 6 1) %) (PP-TMP in (NP 1990)))) (PP to (NP (NP 7.88 %) (PP-TMP in (NP 2003-2005)))))) .)) (TOP (S (NP-SBJ (NP Yields) (PP for (NP taxable bonds))) (VP range (PP-CLR (PP from (NP (NP (QP 9 1) %) (PP-TMP in (NP 1994)))) (PP to (NP (NP 9.90 %) (PP-TMP in (NP 2009 and 2010)))))) .)) (TOP (S (NP-SBJ-1 The bonds) (VP are all (VP rated (S (NP-SBJ *-1) (ADJP-PRD single-A)) (PP by (NP-LGS (NP Moody 's) Investors Service Inc)))) .)) (TOP (S (NP-SBJ The underwriters) (VP expect (NP (NP a single-A-minus rating) (PP from (NP (NP (NP Standard & Poor 's) Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP the issue) (PP-CLR under (NP review))))))))) .)) (TOP (NP-HLN Collateralized Mortgage Securities Corp. --)) (TOP (NP (NP (QP $ 150 million) *U*) (PP of (NP Remic mortgage securities)) (VP offered (NP *) (PP-MNR in (NP 12 classes)) (PP by (NP-LGS First Boston Corp))) .)) (TOP (S (NP-SBJ (NP The offering) , (NP Series 1989-3) ,) (VP is (PP-PRD by (NP (NP a company) (VP established (NP *) (PP by (NP-LGS First Boston)) (PP-PRP for (S-NOM (NP-SBJ *) (VP issuing (NP (NP Remics) and (NP other derivative mortgage securities))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP is (VP (VP backed (NP *-1) (PP-LGS by (NP Government National Mortgage Association (ADJP (QP 9 1) %) securities)) (PP with (NP (NP a weighted average remaining term) (PP to (NP (NP maturity) (PP of (NP 29 years))))))) and (VP being (VP offered (NP *-1) (PP-CLR at (NP market prices)))))) .)) (TOP (NP-HLN Beneficial Corp. --)) (TOP (NP (NP (QP $ 248.3 million) *U*) (PP of (NP securities)) (VP backed (NP *) (PP by (NP-LGS home-equity loans)) (PP through (NP Merrill Lynch Capital Markets))) .)) (TOP (S (NP-SBJ (NP The offering) , (PP with (NP (NP an expected average life) (PP of (NP 3.2 years)))) ,) (VP will (VP float (ADVP-TMP monthly) (PP-CLR at (NP (NP 20 basis points) (PP above (NP (NP the rate) (PP on (NP (NP an index) (PP of (NP (NP 30-day double-A-rated commercial paper) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP now) (VP yields (NP (QP about 8.50) %)))))))))))))) .)) (TOP (S (NP-SBJ The issue) (VP has (NP (NP an expected final maturity date) (PP of (NP 1998)))) .)) (TOP (S (NP-SBJ-1 The offering) (VP is (VP rated (S (NP-SBJ *-1) (ADJP-PRD triple-A)) (PP by (NP-LGS (NP Moody 's) and (NP S&P))) , (PP based (PP-CLR on (NP (NP (NP the quality) (PP of (NP the underlying home equity loans))) and (NP (NP a letter) (PP of (NP credit)) (VP covering (NP (NP 10 %) (PP of (NP the deal)))) (PP from (NP (NP Union Bank) (PP of (NP Switzerland)))))))))) .)) (TOP (S (NP-SBJ-2 The offering) (VP is (VP being (VP made (NP *-2) (PP through (NP (NP BCI Home Equity Loan Asset-Backed Certificates) , (NP Series 1989-1)))))) .)) (TOP (NP-HLN Rochester Community Savings Bank --)) (TOP (NP (NP (QP $ 200 million) *U*) (PP of (NP 8.85 % certificates)) (VP backed (NP *) (PP by (NP-LGS (NP automobile loans) (VP priced (NP-1 *) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP yield (NP 8.99 %)))))))) (PP via (NP First Boston Corp)) .)) (TOP (S (NP-SBJ-1 The issue) , (PP through (NP RCSB 1989-A Grantor Trust)) , (VP was (VP priced (NP *-1) (PP-CLR at (NP (NP a yield spread) (PP of (NP (NP 100 basis points) (PP above (NP (NP the Treasury (ADJP (QP 7 3) %) note) (ADJP due (NP-TMP July 1991)))))))))) .)) (TOP (S (NP-SBJ The offering) (VP has (NP (NP (NP an expected average life) (PP of (NP 1.7 years))) and (NP (NP a final maturity date) (PP of (NP May 15 , 1995))))) .)) (TOP (S (NP-SBJ-1 The issue) (VP is (VP rated (S (NP-SBJ *-1) (ADJP-PRD triple-A)) (PP by (NP-LGS Moody 's)) , (PP based (PP-CLR on (NP (NP (NP the quality) (PP of (NP the underlying auto loans))) and (NP (NP a letter) (PP of (NP credit)) (VP covering (NP (NP 13 %) (PP of (NP the deal)))) (PP from (NP Credit Suisse)))))))) .)) (TOP (NP-HLN (NP South Australian Government Finance Authority) (PRN -LRB- (NP agency) -RRB-) --)) (TOP (NP (NP (QP 125 million) Australian dollars) (PP of (NP zero-coupon Eurobonds)) (ADJP due (NP-TMP Dec. 12 , 1994)) , (VP priced (NP-1 *) (PP-CLR at (NP 50.9375)) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP yield (NP (NP 15.06 %) (PP less (NP fees))))))) (PP via (NP Hambros Bank Ltd)) .)) (TOP (S (NP-SBJ-1 *) (VP Guaranteed (NP *-1) (PP by (NP-LGS the South Australian Treasury))) .)) (TOP (NP Fees (QP 1 3) .)) (TOP (NP-HLN (NP Government Insurance Office) (PP of (NP New South Wales)) (PRN -LRB- (NP agency) -RRB-) --)) (TOP (NP (NP (QP A$ 50 million) *U*) (PP of (NP (NP (ADJP (QP 17 1) %) Eurobonds) (ADJP due (NP-TMP Dec. 4 , 1991)))) , (VP priced (NP-1 *) (PP-CLR at (NP 101.95)) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP yield (NP (NP 17.06) (PP less (NP fees))))))) (PP via (NP Westpac Banking Corp)) .)) (TOP (NP Fees (QP 1 1) .)) (TOP (NP (NP Swedish Export Credit Corp .) (PRN -LRB- (NP-LOC Sweden) -RRB-) --)) (TOP (NP (NP (QP 100 million) Swiss francs) (PP of (NP (NP (ADJP (QP 6 1) %) (ADJP privately placed) notes) (ADJP due (NP-TMP Sept. 30 , 1996)))) , (VP priced (NP-1 *) (PP-CLR at (NP 100 3)) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP yield (NP 5.99 %))))) (PP via (NP Citicorp Investment Bank Switzerland)) .)) (TOP (NP (NP Call) (PP from (NP-TMP Sept. 30 , 1993)) , (PP at (NP (QP 100 3))) , (VP declining (PP-EXT by (NP (NP 1 point) (NP-ADV a year))) (X to) (PP-DIR to (NP par))) .)) (TOP (NP Fees (QP 1 3) .)) (TOP (S (NP-SBJ (ADJP West German) insurance giant Allianz AG) (VP entered (NP (NP the takeover battle) (PP between (NP (NP France 's) (NX (NX Cie . Financiere de Paribas) and (NX Cie. de Navigation Mixte)))))) .)) (TOP (S (NP-SBJ Allianz) (VP said (SBAR 0 (S (NP-SBJ it) (VP won (NP French government approval (S (NP-SBJ *) (VP to (VP buy (NP (NP (QP as much as one-third)) (PP of (NP (NP Navigation Mixte) , (NP a diversified (UCP financial , transport and food holding) company)))))))))))) .)) (TOP (S (NP-SBJ The move) (VP comes (SBAR-TMP (NP-ADV a week) after (S (NP-SBJ Paribas) (VP announced (SBAR that (S (NP-SBJ-1 it) (VP was (VP preparing (S (NP-SBJ *-1) (VP to (VP bid (PP-CLR for (NP (NP (ADJP 66.7 %) control) (PP of (NP Navigation Mixte))))))))))))))) .)) (TOP (S (NP-SBJ (NP Munich-based Allianz 's) brief explanatory statement) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP is (VP acting (S (NP-SBJ *-1) (VP to (VP protect (NP (NP its own interests) (PP as (NP (NP a shareholder) (PP of (NP Navigation Mixte))))))))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP be (NP-PRD (NP a blow) (PP to (NP both (NP Paribas) and (NP Navigation Mixte)))))) .)) (TOP (S (NP-SBJ Each) (VP had (VP claimed (NP (NP Allianz) , (NP (NP Europe 's) largest insurance company) ,) (PP-CLR as (NP a tacit ally)))) .)) (TOP (S (NP-SBJ The Allianz statement) (ADVP also) (VP reinforced (NP the belief (SBAR that (S (NP-SBJ the takeover battle) (VP could (VP be (NP-PRD a long one))))))) .)) (TOP (S (NP-SBJ It) (VP led (PP-CLR to (NP broad market speculation (SBAR that (S (NP-SBJ Paribas) (ADVP-TMP now) (VP will (VP sweeten (NP (NP its bid) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP be (VP (ADVP-MNR formally) launched (ADVP-TMP later (NP this week)) , (PP-TMP after (NP (NP approval) (PP from (NP French government regulators)))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Allianz 's) entry) (VP reflects (NP (NP the increasing eagerness (S *ICH*-3)) (PP of (NP (NP (ADJP West German) companies) , (VP looking (ADVP-CLR ahead (PP to (NP (NP the reduction) (PP in (NP European Community internal barriers)) (PP-TMP in (NP 1992)))))) ,)) (S-3 (NP-SBJ *) (VP to (VP get (ADJP-PRD involved (PP in (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 *T*-2) (PP-TMP until (ADVP now)) (VP were (VP considered (S (NP-SBJ *-1) (NP-PRD internal French affairs))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Deutsche Bank) , (NP Dresdner Bank) and (NP Commerzbank)) (NP all)) (ADVP also) (VP have (VP expressed (NP eagerness (S (NP-SBJ *-1) (VP to (VP expand (PP-LOC in (NP France)) (PP-TMP before (NP 1992)))))))) .)) (TOP (S (NP-SBJ-1 Dresdner Bank) (NP-TMP this month) (VP moved (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP Banque Internationale des Placements) , (NP (NP a small French merchant bank) (SBAR (WHNP-2 that) (S (NP-SBJ Deutsche Bank) (VP had (VP (VP looked (PP-CLR at (NP *T*-2))) and (VP passed (NP *T*-2) (PRT over)))))))))))) .)) (TOP (S (NP-SBJ-1 Commerzbank) (VP had (VP hoped (S (NP-SBJ *-1) (VP to (VP buy (NP (NP a stake) (PP in (NP Credit Lyonnais)))))) , (SBAR-TMP until (S (NP-SBJ the Socialists) (VP (VP returned (PP-DIR to (NP government)) (NP-TMP last year)) and (VP canceled (NP plans (S (NP-SBJ *) (VP to (VP privatize (NP the large French bank))))))))))) .)) (TOP (S (NP-SBJ Deutsche Bank) (VP has (VP (ADVP-MNR actively) sought (NP a French acquisition) (PP-TMP for (NP (QP at least two) years)))) .)) (TOP (S-1 (ADVP-TMP Lately) (PRN , (S (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 Deutsche Bank) (VP has (VP shocked (NP (NP some) (PP-LOC in (NP the French financial community))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP indicating (SBAR 0 (S (NP-SBJ it) (VP wants (NP (NP a strong bank) (PP with (NP (NP a large number) (PP of (NP branches))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP are (ADVP still) (VP looking))) , '' (VP said (S *T*-1)) (NP-SBJ a Deutsche Bank spokesman) .)) (TOP (S `` (NP-SBJ (NP The banks) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP think (SBAR 0 (S (NP-SBJ *T*-1) (VP would (VP fit (PP-CLR into (NP our concept)))))))))) (VP are (UCP-PRD either (ADJP government-owned) or not (PP for (NP sale))) , (SBAR-ADV though (S (NP-SBJ-2 Deutsche Bank) (VP would (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP pay (NP a good price)))))))))) . '')) (TOP (S (SBAR-ADV While (S (NP-SBJ-2 Allianz officials) (VP were n't (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP comment (PP-MNR in (NP any detail)) (PP-CLR on (NP their plans))))))))) , (NP-SBJ they) (VP said (SBAR 0 (S (NP-SBJ Allianz) (ADVP-TMP currently) (VP holds (NP (NP (NP (QP between 5 % and 10 %) *U*) (PP of (NP Navigation Mixte))) , (NP (NP an apparent increase) (PP from (NP (NP the (ADJP 5 %) stake) (SBAR (WHNP-1 that) (S (NP-SBJ Navigation Mixte officials) (VP had (ADVP-TMP earlier) (VP announced (NP *T*-1))))))))))))) .)) (TOP (S (S (NP-SBJ Paris market sources) (VP said (SBAR 0 (S (NP-SBJ they) (VP believed (SBAR 0 (S (NP-SBJ Allianz) (VP was (VP buying (NP-TMP yesterday morning)))))))))) , and (S (NP-SBJ-1 Navigation Mixte) (VP moved (ADVP-DIR up (NP (NP 108 francs) (PRN -LRB- (NP $ 17.19 *U*) -RRB-))) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP 1,908 francs))))) (PP-LOC in (NP heavy trading)))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP the first day) (PP of (NP trading)) (PP-TMP following (NP (NP the suspension) (PP of (NP Navigation Mixte shares)) (NP-TMP (NP last Monday) , (SBAR (WHADVP-1 when) (S (NP-SBJ Paribas) (VP announced (NP its plan (S (NP-SBJ *) (VP to (VP pay (NP 1,850 francs) (PP-CLR for (NP each Navigation Mixte share)))))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ Allianz) (ADVP also) (VP holds (NP (NP a (ADJP 50 %) stake) (PP in (NP (NP (NP Navigation Mixte 's) insurance subsidiary) , (NP (NP one) (PP of (NP (NP France 's) largest insurance groups))) , (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP bought (NP *T*-1) (PP-CLR for (NP (QP about 6.5 billion) francs)) (SBAR-TMP just before (S (NP-SBJ Paribas) (VP launched (NP its bid))))))))))) .)) (TOP (S (NP-SBJ Navigation Mixte) (VP holds (NP the remaining 50 %)) .)) (TOP (S (NP-SBJ Allianz) (VP said (PP-LOC in (NP its statement)) (SBAR that (S (NP-SBJ-2 it) (VP was (VP acting (S-PRP-CLR (NP-SBJ *-2) (VP to (VP protect (NP (NP that interest) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP ties (NP it) (PP-CLR to (NP Navigation Mixte)) (PP-CLR as (NP a partner)))))))))))))) .)) (TOP (S (NP-SBJ (NP Allianz 's) statement) (VP stressed (NP (NP the company 's) (ADJP (ADVP previously) announced) position (SBAR that (S (NP-SBJ (NP Paribas 's) offer price) (VP is (ADJP-PRD too low)))))) .)) (TOP (S (NP-SBJ-1 Allianz) (ADVP also) (VP suggested , (PP-MNR without (S-NOM (NP-SBJ *-1) (VP saying (ADVP so) (ADVP-MNR directly)))) , (SBAR that (S (NP-SBJ it) (VP regrets (SBAR that (S (NP-SBJ Paribas) (VP is n't (VP bidding (PP-CLR for (NP (NP all) (PP of (NP (NP Navigation Mixte 's) shares)))))))))))) .)) (TOP (S-1 (NP-SBJ (NP The problem) (ADVP-LOC here)) (PRN , (S (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-1)))) ,) (VP is (SBAR-PRD that (S (SBAR-ADV if (S (NP-SBJ Paribas) (VP wins (NP its 66.7 %)))) , (NP-SBJ remaining Navigation Mixte shares) (VP will (VP fall (PP-CLR in (NP value))))))) .)) (TOP (S (NP-SBJ That) (VP displeases (NP (NP many current holders) , (PP such as (NP Allianz)) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP could n't (VP be (ADJP-PRD sure (PP of (S-NOM (NP-SBJ *-2) (VP selling (NP all their shares) (SBAR-ADV if (S (NP-SBJ they) (VP tendered (PP-CLR to (NP Paribas))))))))))))))) .)) (TOP (S (NP-SBJ The Allianz statement) (VP led (PP-CLR to (NP speculation (SBAR that (S (NP-SBJ Allianz) (ADVP-TMP eventually) (VP could (VP sell (PP-CLR to (NP Paribas))))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP be (NP-PRD (NP bad news) (PP for (NP (NP (NP Navigation Mixte 's) current management) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (VP counting (PP-CLR on (NP-2 Allianz)) (S-PRP-CLR (NP-SBJ-3 *-2) (VP to (VP help (S (NP-SBJ *-3) (VP fend (PRT off) (NP Paribas))))))))))))))) .)) (TOP (S (NP-SBJ Allianz) (VP did n't (VP say (SBAR (WHNP-1 whom) , (S (SBAR-ADV if (FRAG (NP anyone))) , (NP-SBJ it) (VP will (VP support (NP *T*-1))))))) .)) (TOP (S (NP-SBJ It) (VP said (ADVP simply) (SBAR that (S (NP-SBJ-1 it) (VP will (VP boost (NP its Navigation Mixte stake) (SBAR-ADV as (S (NP-SBJ it) (VP sees (ADJP-CLR fit)))) (PP-TMP over (NP the coming days)) (S-PRP (NP-SBJ *-1) (VP to (VP protect (NP itself)))) , (ADVP-TMP (ADVP as long) (SBAR as (S (NP-SBJ it) (VP has (NP (NP French regulatory officials ') approval)))))))))) .)) (TOP (S (NP-SBJ-2 Paribas) (ADVP-TMP currently) (VP intends (S (NP-SBJ *-2) (VP to (VP offer (NP (NP 1,850 francs) (NP-ADV a share)) (PP-CLR for (NP (NP Navigation Mixte shares) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP receive (NP full dividends) (NP-TMP this year)))))))))) .)) (TOP (S (NP-SBJ-2 It) (VP is (S (NP-SBJ *-2) (VP to (VP offer (NP 1,800 francs) (PP-CLR for (NP (NP shares) (VP created (NP *) (PP-TMP on (NP July 1))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP receive (NP partial dividends)))))))))) .)) (TOP (S (ADVP Alternatively) , (NP-SBJ-1 it) (VP would (VP offer (S (NP-SBJ *-1) (VP to (VP swap (NP three Paribas shares) (PP-CLR for (NP one Navigation Mixte share))))))) .)) (TOP (S (S (NP-SBJ Paribas) (ADVP already) (VP holds (NP (NP (QP about 18.7) %) (PP of (NP Navigation Mixte))))) , and (S (NP-SBJ (NP the acquisition) (PP of (NP the additional 48 %))) (VP would (VP cost (NP it) (NP (QP about 11 billion) francs) (PP-LOC under (NP its current bid))))) .)) (TOP (S (NP-SBJ The bid) (VP values (NP Navigation Mixte) (PP-CLR at (NP (QP around 23 billion) francs)) , (PP depending (PP on (SBAR (WHNP-1 (WHNP (WHADJP how many) holders) (PP of (NP Navigation Mixte warrants))) (S (NP-SBJ *T*-1) (VP exchange (NP them) (PP-CLR for (NP shares)) (SBAR-TMP before (S (NP-SBJ the bid) (VP expires))))))))) .)) (TOP (S (NP-SBJ (NP Penn Central Corp.) , (NP-LOC Cincinnati) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (PP-CLR in (NP principle)) (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP Noranda Inc. 's) Carol Cable Co. unit) (PP-CLR for (NP (QP $ 177 million) *U*))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ (NP Carol Cable) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Pawtucket) , (NP R.I.) ,)))) (VP is (NP-PRD (NP a leading supplier) (PP of (NP (ADJP electrical and electronic) wire and cable)) (PP for (NP the distributor , retail and original equipment manufacturer markets))))))) .)) (TOP (S (NP-SBJ (NP Carol Cable) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP operates (NP 12 manufacturing plants)))) ,) (VP had (NP (NP (NP operating profit) (PP of (NP (QP $ 11.7 million) *U*)) (PP on (NP (NP sales) (PP of (NP (QP $ 153.3 million) *U*)))) (PP-TMP for (NP (NP the first six months) (PP of (NP this year))))) and (NP (NP operating profit) (PP of (NP (QP $ 25.6 million) *U*)) (PP on (NP (NP sales) (PP of (NP (QP $ 294.6 million) *U*)))) (PP-TMP for (NP (NP all) (PP of (NP 1988))))))) .)) (TOP (S (NP-SBJ (NP The maker) (PP of (NP telecommunications and defense equipment))) (VP said (SBAR 0 (S (NP-SBJ (NP Carol Cable 's) portfolio and market focus) (VP would (VP complement (NP (NP the company 's) current wire and cable businesses)))))) .)) (TOP (S (NP-SBJ The plan) (VP is (ADJP-PRD subject (PP to (NP (NP (NP a satisfactory due diligence investigation) (PP of (NP Carol Cable)) (PP by (NP Penn Central))) , (NP a definitive agreement) and (NP regulatory approvals))))) .)) (TOP (S (NP-SBJ Fletcher Challenge Ltd.) (VP said (SBAR 0 (S (NP-SBJ-1 its Petrocorp unit) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP certain Alberta oil and gas interests) (PP-CLR from (NP (NP Amoco Corp. 's) Canadian unit)) , (PP-CLR for (NP (NP (QP about 130 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 110.6 million) *U*) -RRB-)))))))))) .)) (TOP (S (NP-SBJ (NP Fletcher Challenge) , (NP (NP a big (ADJP New Zealand-based) forest products concern) (PP with (NP (NP forestry operations) (PP-LOC in (NP Canada))))) ,) (VP said (SBAR 0 (S (NP-SBJ the assets) (VP include (NP (NP (NP stakes) (PP in (NP (NP (NP four natural gas fields) and (NP one oil field)) (PP-LOC near (NP (NP Provost) , (NP Alberta) ,))))) plus (NP (NP gas processing facilities) and (NP (NP (QP about 247,000) acres) (PP of (NP undeveloped land))))))))) .)) (TOP (S (NP-SBJ The proposed purchase) (VP requires (NP (NP approval) (PP from (NP (NP Investment Canada) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP monitors (NP (NP large foreign investments) (PP-LOC in (NP Canada)))))))))) .)) (TOP (S (NP-SBJ (NP Amoco Canada Petroleum Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP operates (NP (NP the major properties) (VP included (NP *) (PP-LOC-CLR in (NP the asset package))))))) ,) (VP said (SBAR 0 (S (NP-SBJ the sale) (VP is (NP-PRD (NP part) (PP of (NP a plan (S (NP-SBJ *) (VP to (VP streamline (NP its assets))))))))))) .)) (TOP (S (NP-SBJ (NP Petrocorp) , (NP a (ADJP New Zealand-based) oil and gas producer) ,) (VP said (SBAR 0 (S (NP-SBJ the planned purchase) (VP (VP would (VP be (NP-PRD (NP its first oil and gas acquisition) (PP-LOC outside (NP its home country))))) , and (VP would (VP form (NP (NP the basis) (PP for (NP (NP a new stand-alone exploration and production unit) (PP-LOC in (NP Canada))))))))))) .)) (TOP (S (NP-SBJ (NP MiniScribe Corp.) , (NP-LOC (NP Longmont) , (NP Colo.) ,)) (VP said (SBAR 0 (S (NP-SBJ it) (VP introduced (NP (NP a (ADJP one-inch high) , 80-megabyte hard disk drive) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP hopes (SBAR 0 (S (NP-SBJ *T*-1) (VP will (VP prove (ADJP-PRD popular (PP with (NP (NP makers) (PP of (NP high-performance (ADJP laptop and portable) computers))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The troubled disk drive maker) (VP aims (PP-MNR with (NP the new (ADJP 3 1) disks)) (S (NP-SBJ *-1) (VP to (VP revive (NP its reputation and sales growth))))) .)) (TOP (S (NP-SBJ MiniScribe) (VP said (SBAR 0 (S (NP-SBJ the disk drives) (VP have (NP (NP more memory capacity) (PP than (NP (NP other disks) (NP that size)))))))) .)) (TOP (S (NP-SBJ MiniScribe) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP begin (NP (NP full volume production) (PP of (NP the drives))) (PP-LOC in (NP (NP the U.S.) and (NP Singapore))) (PP-TMP in (NP (NP the first quarter) (NP-TMP next year)))))))))) .)) (TOP (S (NP-SBJ-1 (NP A drive) (PP with (NP (NP 120 megabytes) (PP of (NP capacity))))) (VP is (VP scheduled (NP *-1) (PP-CLR for (NP (NP release) (PP-TMP during (NP (NP the third quarter) (PP of (NP 1990)))))))) .)) (TOP (S (NP-SBJ MiniScribe) (VP has (VP been (PP-PRD on (NP the rocks)) (SBAR-TMP since (S (NP-SBJ it) (VP disclosed (NP-TMP early this year) (SBAR that (S (NP-SBJ (NP its earnings reports) (PP for (NP 1988))) (VP were n't (ADJP-PRD accurate))))))))) .)) (TOP (S (PP-TMP After (NP an internal investigation)) , (NP-SBJ the company) (VP found (SBAR that (S (NP-SBJ-1 senior officials) (VP used (NP (NP a variety) (PP of (NP schemes)) (PP *ICH*-2)) (S-CLR (NP-SBJ *-1) (VP to (VP fabricate (NP sales gains)))) , (PP-2 including (S-NOM (NP-SBJ *) (VP counting (NP (NP shipments) (PP of (NP (NP bricks) and (NP defective drives)))) (PP-CLR as (NP sales))))))))) .)) (TOP (S (NP-SBJ The New York Times Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP reached (NP (NP a settlement) (PP with (NP (NP independent home delivery dealers) (PP-LOC in (NP the metropolitan New York area)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP free (S (NP-SBJ the newspaper) (VP to (VP expand (NP home delivery circulation))))))))))))) .)) (TOP (S (NP-SBJ The settlement) (VP stemmed (PP-CLR from (NP (NP a lawsuit) (SBAR (WHNP-1 0) (S (NP-SBJ the dealers) (VP filed (NP *T*-1) (PP-TMP in (NP 1982)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the Times) (VP began (NP its own competing direct delivery service) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The pact) (VP calls (SBAR for (S (NP-SBJ the Times) (VP to (VP pay (NP dealers) (NP (NP (NP (QP $ 3.6 million) *U*) (PP over (NP six years))) , (CONJP as well as) (NP (NP other payments) (PP in (NP (NP the form) (PP of (NP (NP subsidies) (PP over (NP three years)))))) , (VP based (NP *) (PP-CLR (PP on (NP (NP the number) (PP of `` (NP (NP new customers) (VP started (NP *) (PP-LGS by (NP the dealers))))))) and (PP on (NP pricing structures)))))))))))) , '' (NP-SBJ the Times) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP The amount) (PP of (NP the settlement))) (VP will (VP be (VP taken (NP *-1) (PP-CLR as (NP (NP a charge) (PP against (NP earnings)))) (PP-TMP in (NP the fourth quarter))))) .)) (TOP (S (NP-SBJ (NP The settlement) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP involves (NP (NP most) (PP of (NP (NP the 300 independent newspaper dealers) (PP-LOC in (NP the New York area)))))))) ,) (VP will (VP allow (S (NP-SBJ the Times) (VP to (VP (ADVP-MNR freely) operate (NP its own direct home delivery system)))))) .)) (TOP (S (NP-SBJ Home delivery) (VP is (NP-PRD (NP the (ADJP fastest growing) segment) (PP of (NP (NP the Times 's) (QP 1.1 million) daily circulation)))) .)) (TOP (S (ADVP-TMP Currently) , (NP-SBJ (NP (QP about 60) %) (PP of (NP (NP home delivery subscribers) (PP-LOC in (NP the New York area))))) (VP receive (NP the paper) (ADVP directly) (PP-CLR from (NP the Times))) .)) (TOP (S (NP-SBJ (NP Mercury Savings & Loan Association) , (NP-LOC (NP Huntington Beach) , (NP Calif.)) ,) (VP reported (NP (NP a third-quarter loss) (PP of (NP (NP (QP $ 3.9 million) *U*) , or (NP (NP 61 cents) (NP-ADV a share))))) , (PP compared (PP with (NP (NP net income) (PP of (NP (NP (QP $ 1.4 million) *U*) , or (NP (NP 22 cents) (NP-ADV a share)))) , (PP-TMP in (NP the year-earlier quarter)))))) .)) (TOP (S (NP-SBJ Mercury) (VP attributed (NP the loss) (PP-CLR to (NP (NP (NP rapid prepayments) (PP of (NP loans))) and (NP (NP costs) (VP incurred (NP *) (PP-LOC in (S-NOM (NP-SBJ *) (VP refinancing (NP many house loans) (NP-TMP (NP this past spring and summer) , (SBAR (WHADVP-1 when) (S (NP-SBJ interest rates) (VP dipped (ADVP-TMP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ The thrift) (VP hired (NP-1 an investment banker) (NP-TMP earlier this month) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP advise (NP it) (PP regarding (NP a possible sale or merger)))))) .)) (TOP (S (NP-SBJ Mercury) (ADVP also) (VP is (VP (VP shrinking (NP itself)) , (NP-ADV (NP part) (PP of (NP its plan (S (NP-SBJ *) (VP to (VP change (NP its emphasis) (PP-CLR from (S-NOM (NP-SBJ *) (VP buying (NP mortgage loans) (PP-CLR from (NP mortgage brokers))))) (PP-CLR to (S-NOM (NP-SBJ *) (VP making (NP loans) (ADVP-MNR directly)))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Such a focus) (VP (VP is `` (ADJP-PRD (ADJP more profitable) , (ADJP more efficient))) and (VP gives (NP us) (NP (NP a greater sense) (PP of (NP control)))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP William A. Shane) , (NP (NP Mercury 's) senior executive vice president)) .)) (TOP (S (PP-TMP As (PP of (NP Sept. 30))) , (NP-SBJ (NP Mercury 's) assets) (VP were (NP-PRD (QP $ 2.25 billion) *U*) , (ADVP down (PP from (NP (QP $ 2.62 billion) *U*) (ADVP-TMP (NP a year) ago)))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ Mercury) (VP posted (NP (NP a loss) (PP of (NP (NP (QP $ 5.4 million) *U*) , or (NP (NP 86 cents) (NP-ADV share))))) , (PP against (NP (NP net income) (PP of (NP (NP (QP $ 4 million) *U*) , or (NP (NP 63 cents) (NP-ADV share)) ,)) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ Mercury shares) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 4.625 *U*)) , (ADVP up (NP 50 cents)) , (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (S (NP-SBJ (NP Bancroft Convertible Fund Inc.) , (NP-LOC New York) ,) (ADVP likely) (VP will (VP reject (NP (NP a renewed offer (S *ICH*-1)) (PP from (NP Florida investor Robert I. Green)) (S-1 (NP-SBJ *) (VP to (VP buy (NP Bancroft) (PP-CLR for (NP (NP $ 18.95 *U*) (NP-ADV a share))))))))) .)) (TOP (S (NP-SBJ (NP Sigmund Levine) , (NP Bancroft secretary and treasurer) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the closed-end fund 's) directors) (VP will (VP consider (NP (NP Mr. Green 's) offer) (PP-TMP in (NP (NP a couple) (PP of (NP weeks)))) (PP-LOC at (NP a regular meeting))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ He) (VP has n't (VP added (NP anything)))) , '' (NP-SBJ-2 Mr. Levine) (VP said (S *T*-1) , (S-ADV (NP-SBJ *-2) (VP predicting (SBAR 0 (S (NP-SBJ the board) (VP will (ADVP again) (VP reject (NP (NP Mr. Green 's) proposal)))))))) .)) (TOP (S (PP-LOC In (NP a Securities and Exchange Commission filing)) , (NP-SBJ Mr. Green) (VP said (SBAR 0 (S (NP-SBJ he) (VP had (VP (VP boosted (NP (NP his holdings) (PP in (NP Bancroft common))) (PP-DIR to (NP 10.4 %)) (PP-DIR from (NP 8.5 %))) , and (VP renewed (NP (NP an offer (S *ICH*-2)) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP made (NP *T*-1) (PP-LOC in (NP March))))) (S-2 (NP-SBJ *) (VP to (VP acquire (NP the fund))))))))))) .)) (TOP (S (NP-SBJ Mr. Levine) (VP noted (SBAR that (S (NP-SBJ (NP Bancroft 's) shares) (VP have (VP been (VP trading (PP-CLR at or above (NP (NP Mr. Green 's) offering price)) (PP-TMP for (NP the last several months)))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 Bancroft attorneys) (VP are (VP scheduled (S (NP-SBJ-2 *-1) (VP to (VP meet (PP with (NP (NP Mr. Green 's) attorneys)) (PP-LOC in (NP Delaware Chancery Court)) (PP-TMP at (NP (NP the end) (PP of (NP this week)))) (S-PRP (NP-SBJ *-2) (VP to (VP respond (PP-CLR to (NP (NP (NP the investor 's) request) (PP for (NP (NP company records) (PP for (NP the past five years))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Green) (VP could n't (VP be (VP reached (NP *-1)))) .)) (TOP (S (NP-SBJ Giant Group) (VP said (SBAR 0 (S (NP-SBJ (NP a federal court) (PP-LOC in (NP Delaware))) (VP has (VP denied (NP (NP a motion) (PP by (NP (NP Rally 's) Inc.)) (VP seeking (S (NP-SBJ *) (VP to (VP block (NP-1 (NP a group) (VP led (NP *) (PP by (NP-LGS Giant Chairman Burt Sugarman)))) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP acquiring (NP (NP more) (PP of (NP (NP the company 's) shares)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Rally 's) , (NP (NP a fast-food chain) (VP based (NP *) (PP-LOC-CLR in (NP (NP Louisville) , (NP Ky.))))) ,) (VP is (VP contending (SBAR that (S (NP-SBJ-1 (NP Mr. Sugarman) and (NP two other company directors)) (VP failed (S (NP-SBJ *-1) (VP to (VP disclose (PP to (NP the Securities and Exchange Commission)) (SBAR that (S (NP-SBJ-2 they) (VP intended (S (NP-SBJ *-2) (VP to (VP acquire (NP a big Rally stake))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Sugarman) (VP has (PP in (NP turn)) (VP contended (SBAR that (S (NP-SBJ (NP the other major shareholder group) (PRN -- (SBAR (WHNP-2 whose interests) (S (NP-SBJ-1 *T*-2) (VP are (VP represented (NP *-1) (PP by (NP-LGS (NP three other directors) (VP connected (NP *) (PP-CLR to (NP (NP trusts) (PP in (NP (NP the name) (PP of (NP (NP the children) (PP of (NP (NP (NP the company 's) founder) , (NP James Patterson)))))))))))))))) --)) (VP has (NP (NP ties) (PP to (NP (NP a competing fast food chain) , (NP (NP Wendy 's) International Inc))))))))) .)) (TOP (S (NP-SBJ The company) (NP-TMP last week) (VP assembled (NP (NP a three-member committee) (PP of (NP (NP directors) (VP aligned (NP *) (PP-CLR with (NP neither side)))))) (S-PRP (NP-SBJ *) (VP to (VP analyze (NP the situation))))) .)) (TOP (S (NP-SBJ Each group) (VP controls (NP (NP (QP more than 40) %) (PP of (NP (NP Rally 's) stock)))) .)) (TOP (S (NP-SBJ The company) (VP (ADVP just) went (ADJP-PRD public) (NP-TMP earlier this month)) .)) (TOP (S (NP-SBJ-2 Rally 's) (VP (VP had (NP no comment)) , but (VP was (VP expected (S (NP-SBJ *-2) (VP to (VP make (NP (NP an announcement) (PP *ICH*-1)) (NP-TMP this morning) (PP-1 about (NP the situation)))))))) .)) (TOP (S (NP-SBJ Singer Bette Midler) (VP won (NP (NP a (ADJP $ 400,000 *U*) federal court jury verdict) (PP against (NP Young & Rubicam))) (PP-LOC in (NP (NP a case) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP threatens (NP (NP a popular advertising industry practice) (PP of (S-NOM (NP-SBJ *) (VP using (NP `` sound-alike '' performers) (S-CLR (NP-SBJ *) (VP to (VP tout (NP products)))))))))))))) .)) (TOP (S (NP-SBJ (NP The decision) (PP-LOC in (NP Los Angeles federal court))) (VP stems (PP-CLR from (NP (NP a 1985 Mercury Sable TV ad) (SBAR (WHNP-1 that) (S (NP-SBJ Young & Rubicam) (VP worked (NP *T*-1) (PRT up) (PP for (NP Ford Motor Co)))))))) .)) (TOP (S (S (NP-SBJ The ad agency) (VP had (VP approached (NP Ms. Midler) (PP-CLR about (NP appearing))))) , but (S (NP-SBJ-2 she) (VP declined , (S-ADV (NP-SBJ *-2) (VP citing (NP (NP a longstanding policy) (PP of (S-NOM (NP-SBJ *) (VP refusing (NP advertising work))))))))) .)) (TOP (S (NP-SBJ The agency) (ADVP-TMP then) (VP turned (PP-CLR to (NP (NP a former backup singer) (PP for (NP Ms. Midler)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP appeared (PP-LOC in (NP the ad))) and (VP crooned (SBAR (WHNP-2 what) (S (NP-SBJ-3 *T*-2) (VP was (VP (ADVP generally) considered (S (NP-SBJ *-3) (NP-PRD (NP a (ADJP (ADVP more than) credible) imitation) (PP of (NP (NP (NP Ms. Midler 's) 1973 hit song) `` (NP-TTL Do You Wanna Dance)))))))))))))))) . '')) (TOP (S (NP-SBJ The appeals court) (VP held : `` (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-3 (NP a distinctive voice) (PP of (NP a professional singer))) (VP (VP is (VP (ADVP widely) known (NP *-3))) and (VP is (VP (ADVP-MNR deliberately) imitated (SBAR-PRP in order (S (NP-SBJ *) (VP to (VP sell (NP a product))))))) (ADVP-TMP *T*-2)))) , (NP-SBJ the sellers) (VP have (VP appropriated (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP is not (NP-PRD theirs)))))))) . '')) (TOP (S (NP-SBJ (NP The judge) (PP-LOC in (NP the jury trial))) (VP said (SBAR 0 (S (NP-SBJ there) (VP was (NP-PRD (NP insufficient evidence) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP hold (S (NP-SBJ Ford) (ADJP-PRD liable)) (PP-LOC in (NP the case)) (ADVP *T*-1)))))))))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ Young & Rubicam) (VP called (S (NP-SBJ the award) `` (ADJP-PRD unfortunate but bearable))) . '')) (TOP (S (NP-SBJ (NP Peter Laird) , (NP (NP a Los Angeles lawyer) (PP for (NP Ms. Midler))) ,) (VP said , `` (S (NP-SBJ We) (VP believe (SBAR that (S (NP-SBJ the verdict) (VP reaffirms (NP (NP her position (SBAR *RNR*-1)) and (NP our position (SBAR *RNR*-1)) (SBAR-1 that (S (NP-SBJ (NP advertisers) and (NP advertising agencies)) (VP can not (PP-MNR with (NP impunity)) (VP imitate (NP (NP the voices) (PP of (NP well-known performers)))))))))))))) .)) (TOP (S (NP-SBJ That) (VP is (NP-PRD (NP a property right) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP belongs (PP-CLR to (NP the performer))))))) . '')) (TOP (S (NP-SBJ-2 The award) , (SBAR-ADV although (S (NP-SBJ *-2) (ADJP-PRD (ADJP far less) (PP than (NP (NP the (QP $ 10 million) *U*) , (PP including (NP punitive damages)) , (SBAR (WHNP-1 that) (S (NP-SBJ Ms. Midler) (VP sought (NP *T*-1))))))))) , (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP force (S (NP-SBJ Madison Avenue) (VP to (ADVP further) (VP rethink (SBAR-MNR (WHADVP-3 how) (S (NP-SBJ they) (VP use (NP famous songs) (PP-LOC in (NP ads)) (ADVP-MNR *T*-3)))))))))))) .)) (TOP (S (NP-SBJ (NP Last year 's) appeals court decision) , (PP for (NP instance)) , (VP spawned (NP (NP several suits) , (PP (ADVP reportedly) including (NP (NP a recent action) (PP by (NP (NP the heirs) (PP of (NP singer Bobby Darin)))) (PP against (NP McDonald 's Corp.)) (PP over (NP (NP its `` Mac Tonight '' TV commercials) , (NP (NP a rough parody) (PP of (NP (NP Mr. Darin 's) (NP `` Mack the Knife '' trademark)))))))))) .)) (TOP (S (NP-SBJ (NP The appeals-court decision) (NP-TMP last year)) (VP was (ADJP-PRD particularly surprising) (SBAR-PRP because (S (NP-SBJ the same court) (VP had (VP dismissed (NP (NP a similar case) (VP *ICH*-1)) (PP-TMP in (NP 1970)) (VP-1 involving (NP (NP singer Nancy Sinatra) and (NP (NP a tire ad) (PRN -- (ADVP also) (NP a Young & Rubicam product)))))))))) .)) (TOP (S (NP-SBJ Ms. Sinatra) (VP sued (PP over (NP (NP the use) (PP of (NP her `` (S-TTL (NP-SBJ-1 These Boots) (VP are (VP Made (NP *-1) (PP-PRP for (NP Walkin '))))) '' song)) (PP-LOC in (NP the ad))))) .)) (TOP (S (PP-TMP At (NP that time)) , (NP-SBJ the court) (VP held (SBAR that (S (NP-SBJ such a claim) (VP would (VP interfere (PP-CLR with (NP (NP federal copyright law) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP has (ADVP-TMP-2 always) (VP cracked (PRT down) (PP-CLR on (NP (NP the unauthorized copying) (PP of (NP-3 (NP songs) and (NP musical compositions))))))) but (VP (ADVP-TMP=2 never) (NP=3 actual performances)))))))))))) .)) (TOP (S `` (NP-SBJ (NP One thing) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD a little unnerving))))) (VP is (SBAR-PRD that (S (NP-SBJ you) (VP had (S (NP-SBJ (NP three old men) (PP-LOC on (NP (NP the court) (PP of (NP appeals)) (PP-LOC in (NP California))))) (VP coming (PRT up) (PP-CLR with (NP a statement (SBAR (SBAR that (S (NP-SBJ Nancy Sinatra) (VP is not (ADJP-PRD distinctive)))) but (SBAR that (S (NP-SBJ Bette Midler) (VP is (ADJP-PRD *?*))))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ I) (VP am not (ADJP-PRD sure (SBAR that (S (NP-SBJ (NP judges) , (SBAR (WHNP-1 (WHNP many) (WHPP of (WHNP whom))) (S (NP-SBJ I) (VP like (NP *T*-1) (ADVP very much)))) ,) (VP are (NP-PRD (NP proper repositories) (PP for (S-NOM (NP-SBJ *) (VP making (NP (NP distinctions) (PP about (NP pop singers))))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Richard Kurnit) , (NP a New York advertising lawyer)) .)) (TOP (S (ADVP Nonetheless) , (NP-SBJ Mr. Kurnit) (VP said (SBAR that (S (NP-SBJ the latest decisions) (VP are (VP having (NP a chilling effect)))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ It) (VP (VP has (VP made (S (NP-SBJ people) (VP think (ADVP twice) (PP-CLR about (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ they) (VP use (NP music) (ADVP-MNR *T*-1))))))))) and (VP is (VP forcing (S (NP-SBJ them) (VP to (VP be (ADJP-PRD more circumspect (PP about (S-NOM (NP-SBJ *) (VP doing (NP (NP a particular rendition) (PP of (NP a song))) (PP-MNR in (NP its (ADJP most famous) form))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ Joanne Lipman) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ (NP James River Corp.) , (NP-LOC (NP Richmond) , (NP Va.)) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP acquired (NP (NP the tissue operations) (PP of (NP (NP Buhrmann-Tetterode N.V.) (PP of (NP the Netherlands))))) (PP-CLR for (NP (QP about $ 77 million) *U*)))))) .)) (TOP (S (NP-SBJ (NP The Dutch unit) , (VP known (NP *) (PP-CLR as (NP Celtona B.V.))) ,) (VP is (NP-PRD (NP a leading maker) (PP of (NP (NP (UCP consumer and away-from-home) tissue products) (PP for (NP the Benelux region)))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the acquisition) (VP includes (NP (NP production assets) (PP of (NP (NP Invercon Papermils) , (NP (NP a maker) (PP of (NP (NP household tissue products) (PP for (NP (NP the U.K.) and (NP Ireland)))))))))) .)) (TOP (S (NP-SBJ The combined operations) (VP had (NP (NP 1988 revenue) (PP of (NP (QP about $ 100 million ) *U*)))) .)) (TOP (S (NP-SBJ (NP James River) , (NP (NP a maker) (PP of (NP pulp , paper and plastic products))) ,) (ADVP already) (VP has (NP (NP interests) (PP in (NP (NP tissue businesses) (PP-LOC in (NP France , Spain , Italy and Turkey)))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP form (NP European ventures) (PP with (NP (ADJP Italian and Finnish) companies))))))))) .)) (TOP (S (NP-SBJ The Celtona operations) (VP would (VP become (NP-PRD (NP part) (PP of (NP those ventures))))) .)) (TOP (S (NP-SBJ (NP Vitro S.A.) (PP of (NP (NP Monterrey) , (NP Mexico) ,))) (VP said (SBAR 0 (S (NP-SBJ its THR Corp. subsidiary) (VP has (VP entered (PP-CLR into (NP definitive loan agreements)) (PP in (NP (NP connection) (PP with (NP (NP (NP Vitro 's) (ADJP $ 21.25-a-share *U*) tender offer) (PP for (NP Anchor Glass Container Corp))))))))))) .)) (TOP (S (NP-SBJ The agreements) (VP are (PP-PRD with (NP (NP Security Pacific National Bank) and (NP (NP an affiliate) (PP of (NP Donaldson , Lufkin & Jenrette Securities Corp)))))) .)) (TOP (S (NP-SBJ (NP Proceeds) (PP of (NP the loan agreement))) , (ADVP together (PP with (NP (NP funds) (PP from (NP Vitro))))) , (VP will (VP permit (NP (NP (NP the purchase) (PP of (NP (NP all shares) (ADJP outstanding) (PP of (NP Anchor))))) and (NP (NP the payment) (PP of (NP all related costs and expenses)))))) .)) (TOP (S (NP-SBJ Vitro) (VP said (SBAR 0 (S (NP-SBJ the definitive agreements) (VP require (SBAR that (S (NP-SBJ Anchor) (VP obtain (NP a waiver) (PP-CLR from (NP (NP its bank lenders) (PP of (NP (NP existing covenant defaults) (PP under (NP its bank facilities))))))))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ Anchor) (VP is (ADVP still) (VP seeking (NP this waiver))))) , (NP-SBJ Vitro) (VP said (SBAR 0 (S (NP-SBJ-1 the tender offer) (VP is (VP being (VP extended (NP *-1) (PP-TMP until (NP (NP 5 p.m. EST) (NP tomorrow))))))))) .)) (TOP (S (NP-SBJ-1 The dollar) (VP finished (ADJP-CLR mostly stronger) (NP-TMP yesterday) , (S-ADV (NP-SBJ-2 *-1) (VP boosted (NP *-2) (PP by (NP-LGS (NP a modest recovery) (PP-LOC in (NP share prices))))))) .)) (TOP (S (NP-SBJ The Dow Jones Industrial Average) (VP climbed (NP-EXT 6.76 points) (PP-LOC in (NP (NP a spate) (PP of (NP bargain-hunting)) (PP-TMP following (NP (NP last week 's) declines))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Attention) (VP is (VP fixed (PP-CLR on (NP the stock market)) (PP for (NP (NP lack) (PP of (NP (NP anything else) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP sink (NP our teeth) (PP-CLR into (NP *T*-1))))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Robert White) , (NP (NP a vice president) (PP-LOC at (NP (NP First Interstate) (PP of (NP California)))))) .)) (TOP (S (NP-SBJ Some analysts) (VP predict (SBAR that (S (PP in (NP (NP the absence) (PP of (NP (NP market-moving news) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP push (NP the U.S. unit) (ADVP-DIR sharply higher or lower))))))))) , (NP-SBJ-2 the currency) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP drift (PP-DIR below (NP 1.80 marks)) (NP-TMP this week))))))))) .)) (TOP (S But (NP-SBJ others) (VP (VP reject (NP the view)) , and (VP forecast (SBAR 0 (S (NP-SBJ-1 the dollar) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP hold (NP its current tight trading pattern)))))))))) .)) (TOP (S (NP-SBJ They) (VP argue (SBAR that (S (NP-SBJ-1 (NP weakness) (PP-LOC in (NP both the yen and sterling))) (VP (VP have (VP helped (S (NP-SBJ *-1) (VP offset (NP bearish U.S. economic news))))) and (VP have (VP lent (NP support) (PP-DTV to (NP the dollar)))))))) .)) (TOP (S (PP-LOC In (NP late New York trading)) (NP-TMP yesterday) , (NP-SBJ-1 the dollar) (VP was (VP quoted (NP *-1) (PP-CLR (PP at (NP (NP 1.8340 marks) , (ADVP up (PP from (NP 1.8300 marks) (NP-TMP late Friday))))) , and (PP at (NP (NP 141.90 yen) , (ADVP up (PP from (NP 141.65 yen) (NP-TMP late Friday)))))))) .)) (TOP (S (NP-SBJ-1 Sterling) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP $ 1.5820 *U*) , (ADVP up (PP from (NP (NP $ 1.5795 *U*) (NP-TMP late Friday)))))))) .)) (TOP (S (NP-SBJ The dollar) (VP rose (PP against (NP the Swiss and French francs))) .)) (TOP (S (PP-LOC In (NP Tokyo)) (NP-TMP Tuesday) , (NP-SBJ the U.S. currency) (VP opened (PP for (NP trading)) (PP-CLR at (NP (NP 142.32 yen) , (ADVP up (PP from (NP (NP (NP Monday 's) Tokyo close) (PP of (NP 142.17 yen)))))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ (NP the surprise resignation) (PP of (NP British (NAC Chancellor (PP of (NP the Exchequer))) Nigel Lawson))) (VP sent (NP the British pound) (PP-CLR into (NP a tailspin))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ sterling) (VP bounced (ADVP-CLR back (PP from (NP session lows))) (PP-LOC in (NP (NP a bout) (PP of (NP short-covering)))) (NP-TMP yesterday)))) , (NP-SBJ foreign exchange dealers) (VP said (SBAR that (S (NP-SBJ any hopes (SBAR that (S (NP-SBJ the pound) (VP would (ADVP-TMP soon) (VP post (NP significant gains)))))) (VP have (VP evaporated))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR that (S (NP-SBJ-2 (NP statements) (VP made (NP *) (PP-TMP over (NP the weekend)) (S-PRP (NP-SBJ *) (VP to (VP quell (NP (NP concern) (PP about (NP (NP (NP the stability) (PP of (NP (NP Prime Minister Margaret Thatcher 's) government))) and (NP (NP the future) (PP of (NP her economic program))))))))))) (VP (ADVP largely) failed (S (NP-SBJ *-2) (VP to (VP (VP reassure (NP investors)) and (VP bolster (NP the flagging British unit))))))))) .)) (TOP (S (PP-LOC In (NP (NP her first televised interview) (PP-TMP following (NP (NP Mr. Lawson 's) resignation)))) , (NP-SBJ Mrs. Thatcher) (VP (VP reiterated (NP her desire (S (NP-SBJ *) (VP to (VP keep (S (NP-SBJ sterling) (ADJP-PRD strong))))))) and (VP warned (ADVP again) (SBAR that (S (NP-SBJ (NP full entry) (PP into (NP (NP the European Monetary System 's) exchange rate mechanism))) (VP would (VP provide (NP (NP no easy solution) (PP to (NP (NP Britain 's) economic troubles))))))))) .)) (TOP (S (NP-SBJ She) (VP said (SBAR that (S (NP-SBJ (NP the timing) (PP of (NP (NP the United Kingdom 's) entry))) (VP would (VP depend (PP-CLR on (NP (NP the speed) (SBAR (WHPP-1 with (WHNP which)) (S (NP-SBJ other members) (VP liberalize (NP their economies) (PP-MNR *T*-1))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mrs. Thatcher 's) remarks) (VP were (VP seen (NP *-1) (PP-CLR as (NP (NP a rebuff) (PP to (NP (NP several leading members) (PP of (NP her own Conservative Party)) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP have (VP called (PP-CLR for (NP (NP a (ADJP more clear-cut) British commitment) (PP to (NP the EMS)))))))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ a recent poll) (VP shows (SBAR that (S (NP-SBJ Mrs. Thatcher) (VP has (VP hit (NP (NP the lowest popularity rating) (PP of (NP any British leader)) (SBAR-TMP since (S (NP-SBJ polling) (VP began (ADVP-TMP-CLR (NP 50 years) ago)))))))))) .)) (TOP (S (NP-SBJ-2 (NP Comments) (PP by (NP (NP John Major) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP succeeded (NP Mr. Lawson))))) ,))) (ADVP also) (VP failed (S (NP-SBJ *-2) (VP to (VP damp (NP market concern)))) , (PP despite (NP his pledge (S (NP-SBJ *) (VP to (VP maintain (NP (ADJP relatively high) British interest rates))))))) .)) (TOP (S (PP According (PP to (NP one London-based analyst))) , (NP-SBJ even higher interest rates) (VP wo n't (VP help (NP the pound) (SBAR-ADV if (S (NP-SBJ-1 (NP Britain 's) government) (VP continues (S (NP-SBJ *-1) (VP to (VP appear (ADJP-PRD unstable))))))))) .)) (TOP (S (NP-SBJ-1 One U.S. trader) , (ADVP however) , (VP dismissed (NP sterling doomsayers) (SBAR-ADV while (S (NP-SBJ *-1) (VP acknowledging (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP little immediate upside potential) (PP for (NP the U.K. unit)))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ There) (VP is (NP-PRD no question (SBAR that (S (NP-SBJ the situation) (VP is (ADJP-PRD bad))))))) , but (S (NP-SBJ we) (VP may (VP be (VP painting (NP (NP a gloomier picture) (SBAR than (S (NP-SBJ we) (VP should (VP *?*)))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP predicts (SBAR 0 (S (NP-SBJ-1 the pound) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP trade (PP-MNR in (NP a (ADJP very volatile) fashion)) , (PP with `` (NP (NP fits) (PP of (S-NOM (NP-SBJ-2 *) (VP being (VP oversold and overbought (NP *-2)))))) '')))) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP recovering (NP its losses))))))))) .)) (TOP (S (NP-SBJ Dealers) (ADVP also) (VP note (SBAR that (S (NP-SBJ-1 (NP the general lack) (PP of (NP (NP enthusiasm) (PP for (NP the yen))))) (VP has (VP helped (S (NP-SBJ *-1) (VP bolster (NP the U.S. dollar)))))))) .)) (TOP (S (NP-SBJ They) (VP observe (SBAR that (S (NP-SBJ (NP persistent Japanese investor demand) (PP for (NP (NP dollars) (PP for (NP (UCP both portfolio and direct) investment))))) (VP has (VP kept (NP (NP a base) (PP of (NP (NP support) (PP for (NP the dollar)))) (PP at (NP (QP around 140) yen)))))))) .)) (TOP (S (NP-SBJ The dollar) (VP began (NP-TMP yesterday) (PP on (NP a firm note)) (PP-LOC in (NP Tokyo)) , (S-ADV (NP-SBJ *) (VP closing (ADVP-CLR higher) (PP-LOC in (NP late trade))))) .)) (TOP (S (PP-LOC In (NP Europe)) , (NP-SBJ the dollar) (VP closed (ADVP-CLR slightly up) (PP-CLR in (NP (NP a market) (VP dominated (NP *) (PP by (NP-LGS cross trades)))))) .)) (TOP (S (PP-LOC On (NP (NP the Commodity Exchange) (PP-LOC in (NP New York)))) , (NP-SBJ (NP gold) (PP for (NP current delivery))) (VP settled (PP-CLR at (NP (NP $ 377.80 *U*) (NP-ADV an ounce))) , (ADVP down (NP 70 cents))) .)) (TOP (S (NP-SBJ Estimated volume) (VP was (NP-PRD a moderate (QP 3.5 million) ounces)) .)) (TOP (S (PP-TMP In (NP (NP early trading) (PP-LOC in (NP Hong Kong)))) (NP-TMP Tuesday) , (NP-SBJ-1 gold) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP $ 376.80 *U*) (NP-ADV an ounce))))) .)) (TOP (S (NP-SBJ (NP General Electric Capital Corp. 's) Monogram Bank USA) (VP acquired (NP a Visa and MasterCard portfolio) (PP-CLR from (NP (NP Commercial Federal Savings & Loan Association) , (NP (NP an (NAC-LOC Omaha , Neb. ,) unit) (PP of (NP (NP Commercial Federal Corp.) (PP of (NP Omaha)))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ The portfolio) (ADVP-TMP currently) (VP includes (NP (NP (QP $ 95 million) *U*) (PP in (NP receivables))))) , (NP-SBJ GE Capital) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ GE Capital) (VP is (NP-PRD (NP a financial services subsidiary) (PP of (NP (NP General Electric Co.) (PP of (NP (NP Fairfield) , (NP Conn.) ,)) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP has (NP (UCP broadcasting and electrical-products) businesses)))))))) .)) (TOP (S (NP-SBJ GE Capital) (VP said (SBAR 0 (S (NP-SBJ-1 Commercial Federal Savings) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP market (NP Visa and MasterCard programs)))) (SBAR-ADV while (S (NP-SBJ Monogram) (VP (VP provides `` (NP operational and marketing support) '') and (VP (ADVP actually) owns (NP the accounts)))))))))) .)) (TOP (S (S-TPC-1 (PP With (NP the acquisition)) , (NP-SBJ (NP Monogram) , (NP-LOC (NP Blue Ash) , (NP Ohio) ,)) (VP has (NP (QP more than 2.4 million) total accounts))) , (NP-SBJ GE Capital) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S-HLN (NP-SBJ-1 EAST GERMANS) (VP RALLIED (PP-LOC in (NP three cities)) (S-PRP (NP-SBJ *-1) (VP to (VP demand (NP democratic freedoms))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 (NP (NP the country 's) new leader) , (NP Egon Krenz) ,) (VP prepared (S (NP-SBJ *-1) (VP to (VP travel (PP-DIR to (NP Moscow)) (NP-TMP today) (PP-PRP for (NP (NP talks) (PP with (NP Soviet leader Gorbachev)))))))))) , (NP-SBJ-2 (NP hundreds) (PP of (NP (NP thousands) (PP of (NP East Germans))))) (VP massed (PP-LOC in (NP (NP the streets) (PP of (NP (NP Leipzig) , (NP Halle) and (NP Schwerin))))) (S-PRP (NP-SBJ *-2) (VP to (VP call (PP-CLR for (NP (NP internal freedoms) and (NP (NP the legalization) (PP of (NP the New Forum opposition group))))))))) .)) (TOP (S (NP-SBJ-1 Krenz) , (ADVP however) , (VP (VP vowed (S (NP-SBJ *-1) (VP to (VP preserve (NP (NP (NP the Communist Party 's) hold) (PP on (NP political power))))))) and (VP said (SBAR 0 (S (NP-SBJ East Germans) (VP should n't (VP destabilize (NP the nation) (PP-MNR with (NP unrealistic demands)))))))) .)) (TOP (S (NP-SBJ Communist officials) (NP-TMP this month) (VP have (VP faced (NP (NP (ADJP nearly daily) pro-democracy protests) , (VP accompanied (NP *) (PP by (NP-LGS (NP the flight) (PP-DIR to (NP the West)) (PP by (NP (NP thousands) (PP of (NP East Germans)))))))))) .)) (TOP (S (NP-SBJ Soviet police) (VP clashed (PP with (NP demonstrators)) (PP-LOC in (NP Moscow)) (PP-TMP following (NP (NP a candlelight vigil) (PP-LOC around (NP (NP the KGB 's) Lubyanka headquarters)) (PP in (NP (NP memory) (PP of (NP (NP those) (VP persecuted (NP *) (PP-LOC under (NP Stalin)))))))))) .)) (TOP (S (NP-SBJ (QP More than 1,000) Muscovites) (VP attended (NP the service)) .)) (TOP (S (NP-SBJ A splinter group) (VP demonstrated (PP-LOC in (NP (NP Pushkin Square) , (SBAR (WHADVP-1 where) (S (NP-SBJ the police) (VP clubbed and detained (NP (NP a number) (PP of (NP protesters))) (ADVP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ (NP Police) (PP-LOC in (NP Yugoslavia))) (VP dispersed (NP (NP (QP about 1,000) ethnic Albanians) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP were (VP protesting (NP (NP the trial) (PP of (NP (NP the former Communist Party chief) (PP of (NP (NP the southern province) (PP of (NP Kosovo))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Azem Vlasi) and (NP 14 others)) (VP are (VP accused (NP-2 *-1) (PP-CLR of (S-NOM (NP-SBJ *-2) (VP (VP inciting (NP riots and strikes)) and (VP opposing (NP (NP constitutional limits) (PP to (NP (NP Kosovo 's) autonomy))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 *-1) (VP convicted (NP *-2)))) , (NP-SBJ-1 they) (VP could (VP be (VP sentenced (NP *-1) (PP-CLR to (NP death))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP A court) (PP-LOC in (NP Jerusalem))) (VP sentenced (NP-2 a Palestinian) (PP-CLR to (NP 16 life terms)) (PP-PRP for (S-NOM (NP-SBJ-3 *-2) (VP forcing (NP a bus) (PP-CLR off (NP a cliff)) (NP-TMP July 6) , (S-ADV (NP-SBJ *-3) (VP killing (NP 16 people)))))))) , (NP-SBJ Israeli radio) (VP reported (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP received (NP 20-year sentences) (PP for (NP (NP each) (PP of (NP (NP the 24 passengers) (VP injured (NP *))))))) .)) (TOP (S (NP-SBJ-1 It) (VP was (VP considered (S (NP-SBJ *-1) (NP-PRD (NP the stiffest sentence) (VP passed (NP *) (PP-TMP since (NP (NP the start) (PP of (NP (NP the 22-month-old Arab uprising) (PP-LOC in (NP the Israeli-occupied territories))))))))))) .)) (TOP (S (NP-SBJ (UCP U.S. and Soviet) negotiators) (VP opened (NP (NP talks) (PP-LOC in (NP New York)) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP resolving (NP (NP differences) (PP-LOC in (NP proposals (S (NP-SBJ *) (VP to (VP reduce (NP chemical-weapons arsenals))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the Kremlin) (VP has (VP urged (NP (NP a ban) (PP on (NP (NP output) (PP of (NP the poison gases))))))))) , (NP-SBJ-2 the White House) (VP wants (S (NP-SBJ-3 *-2) (VP to (VP continue (S (NP-SBJ *-3) (VP producing (NP the weapons))) (SBAR-TMP even after (S (NP-SBJ-1 (NP an international treaty) (VP calling (PP-CLR for (NP their destruction)))) (VP is (VP signed (NP *-1))))))))) .)) (TOP (S (NP-SBJ (NP South Africa 's) government) (VP said (SBAR 0 (S (NP-SBJ-1 (NP peaceful demonstrations) (PP such as (NP (NP the anti-apartheid rally) (NP-TMP Sunday) (PP-LOC near (NP Soweto))))) (VP have (VP (VP helped (S (NP-SBJ *-1) (VP ease (NP tensions)))) and (VP assisted (NP political changes))))))) .)) (TOP (S (NP-SBJ (QP About 70,000) people) (VP attended (NP (NP the anti-government rally) , (SBAR (WHPP-1 at (WHNP which)) (S (NP-SBJ-2 (NP leaders) (PP of (NP the banned African National Congress))) (VP refused (S (NP-SBJ *-2) (VP to (VP renounce (NP (NP violence) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP end (NP apartheid) (ADVP-MNR *T*-3))))))))) (PP-LOC *T*-1)))))) .)) (TOP (S (NP-SBJ (NAC Secretary (PP of (NP State))) Baker) (VP expressed (NP concern (SBAR that (S (NP-SBJ-1 Nicaraguan President Ortega) (VP may (VP attempt (S (NP-SBJ *-1) (VP to (VP use (NP (NP alleged attacks) (PP by (NP the U.S.backed Contra rebels))) (PP-CLR as (NP (NP an excuse) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP scuttle (NP (NP elections) (VP scheduled (NP *) (PP-TMP-CLR for (NP February)))) (ADVP *T*-2)))))))))))))))) .)) (TOP (S (NP-SBJ-1 Ortega) (VP had (VP threatened (S (NP-SBJ *-1) (VP to (VP end (NP a 19-month-old ceasefire)))))) .)) (TOP (S (NP-SBJ (NP Baker 's) remarks) (VP came (SBAR-TMP as (S (NP-SBJ the White House) (VP urged (NP-1 both sides) (S (NP-SBJ *-1) (VP to (VP honor (NP the truce)))))))) .)) (TOP (S (NP-SBJ The USS Lexington) (VP returned (PP-DIR to (NP (NP dock) (PP-LOC in (NP (NP Pensacola) , (NP Fla.) ,)))) (PP-TMP following (NP (NP an accident) (NP-TMP Sunday) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ-2 (NP the pilot) (PP of (NP a training jet))) (VP crashed (PP-DIR into (NP the ship)) , (S-ADV (NP-SBJ *-2) (VP killing (NP five sailors))) (PP *T*-1))))))) .)) (TOP (S (NP-SBJ (NP The captain) (PP of (NP (NP the aircraft carrier) , (NP (NP the oldest) (PP-LOC in (NP the Navy))) ,))) (VP said (SBAR 0 (S (NP-SBJ the flier) (VP was (VP making (NP his first attempt (S (NP-SBJ *) (VP to (VP land (PP-LOC-CLR on (NP a carrier))))))))))) .)) (TOP (S (NP-SBJ Four people) (VP torched (NP three U.S. flags) (PP-LOC on (NP (NP the central steps) (PP of (NP the U.S. Capitol)))) (PP-PRP in (NP a bid (S (NP-SBJ *) (VP to (VP test (NP (NP a new federal law) (VP protecting (NP the American flag) (PP-CLR from (NP desecration)))))))))) .)) (TOP (S (NP-SBJ-1 All four demonstrators) (VP were (VP arrested (NP *-1))) .)) (TOP (S (NP-SBJ (NP The law) , (SBAR (WHNP-1 which) (S (NP-SBJ Bush) (VP allowed (S (NP-SBJ *-1) (VP to (VP take (NP-CLR effect) (PP without (NP his signature)))))))) ,) (VP went (PP-CLR into (NP force)) (NP-TMP Friday)) .)) (TOP (S (NP-SBJ Chinese officials) (VP said (SBAR 0 (S (NP-SBJ armed police) (VP would (VP replace (NP soldiers) (PP-LOC in (NP Tiananmen Square)) (PP as (NP (NP part) (PP of (NP (NP a scaling down) (PP of (NP (NP (NP Beijing 's) five-month-old state) (PP of (NP emergency))))))))))))) .)) (TOP (S (S-TPC-1 (ADVP Separately) , (NP-SBJ the U.S. Embassy) (VP has (VP filed (NP three protests) (PP-TMP in (NP (QP as many) days)) (PP-CLR with (NP (NP China 's) government)) , (S-ADV (NP-SBJ *) (VP alleging (NP (NP harassment) (PP of (NP (NP diplomats) and (NP their families))))))))) , (NP-SBJ an embassy source) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Authorities) (PP-LOC in (NP Algeria))) (VP said (SBAR 0 (S (NP-SBJ (NP the toll) (PP from (NP (NP two earthquakes) (NP-TMP Sunday)))) (VP had (VP reached (NP (NP (QP at least 30) dead) and (NP (QP about 250) injured))))))) .)) (TOP (S (NP-SBJ-1 The heaviest damage) (VP was (VP reported (NP *-1) (PP-LOC in (NP (NP Tipasa) , (ADVP-LOC (NP (QP about 40) miles) west (PP of (NP Algiers))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ-1 rescue teams) (VP continued (S (NP-SBJ *-1) (VP searching (PP-CLR for (NP victims))))))) , (NP-SBJ (NP hundreds) (PP of (NP suvivors))) (VP accused (NP the government) (PP-CLR of (NP (NP a feeble response) (PP-TMP following (NP the temblors))))) .)) (TOP (S (NP-SBJ (NP Britain 's) Thatcher) (VP summoned (NP senior advisers) (PP for (NP strategy talks)) (SBAR-ADV as (S (NP-SBJ opinion polls) (VP showed (SBAR 0 (S (NP-SBJ (NP the prime minister 's) popularity) (VP had (VP hit (NP a record low) (PP-TMP following (NP (NP the resignation) (NP-TMP last Thursday) (PP of (NP (NAC Chancellor (PP of (NP the Exchequer))) Lawson)))))))))))) .)) (TOP (S (NP-SBJ (NP One poll) , (VP conducted (NP *) (PP for (NP the British Broadcasting Corp.))) ,) (VP found (SBAR that (S (NP-SBJ (NP 52 %) (PP of (NP voters))) (VP believed (SBAR that (S (NP-SBJ she) (VP should (VP quit)))))))) .)) (TOP (S (NP-SBJ (NP Lawmakers) (PP-LOC in (NP Hungary))) (VP approved (NP (NP legislation) (VP granting (NP amnesty) (PP-DTV to (NP (NP many people) (VP convicted (NP *) (PP-CLR of (NP (NP crimes) (ADJP punishable (PP by (NP (NP (QP less than three) years) (PP-LOC in (NP prison))))))))))))) .)) (TOP (S (NP-SBJ They) (ADVP also) (VP established (NP (NP an office) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP control (NP government and party finances))))))) .)) (TOP (S (NP-SBJ The laws) (VP take (NP-CLR effect) (NP-TMP next month)) .)) (TOP (FRAG (VP Died) : (NP-SBJ (NP Robert V. Van Fossan) , (NP 63) , (NP (NP chairman) (PP of (NP Mutual Benefit Life Insurance Co.))) ,) (NP-TMP Sunday) , (PP-LOC in (NP (NP Morristown) , (NP N.J.) ,)) (PP of (NP cancer)) .)) (TOP (S (NP-SBJ Fluor Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP awarded (NP *-1) (NP a (ADJP (QP $ 300 million) *U*) contract (S (NP-SBJ *) (VP to (VP provide (NP (UCP engineering and construction-management) services) (PP-LOC at (NP (NP a copper mine) (PP-LOC in (NP (NP Irian Jaya) , (NP Indonesia) ,)))) (PP-BNF for (NP (NP a unit) (PP of (NP Freeport-McMoRan Copper Co))))))))))))) .)) (TOP (S (NP-SBJ (NP Fluor) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Irvine) , (NP Calif.)))) ,) (VP will (VP direct (NP (NP expansion) (PP of (NP (NP the mine 's) capacity)) (PP to (NP (NP 52,000 metric tons) (NP-ADV a day))) (PP from (NP (NP 32,000 metric tons) (NP-ADV a day)))))) .)) (TOP (S (NP-SBJ-1993 (NP Completion) (PP of (NP the project))) (VP is (VP expected (NP *-1993) (PP-TMP-CLR by (NP mid-1992)))) .)) (TOP (S (PP-TMP In (NP 1988)) , (NP-SBJ Fluor) (VP had (NP (NP (NP revenue) (PP of (NP (QP $ 5.1 billion) *U*))) and (NP (NP earnings) (PP of (NP (NP (QP $ 56.4 million) *U*) , or (NP (NP 71 cents) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ-2 Nixdorf Computer AG) , (S-ADV (NP-SBJ *-2) (VP citing (NP continued profitability problems))) , (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP reduce (NP personnel) (ADVP further) , (PP-LOC (ADVP notably) in (NP research and development sectors)))))))))) .)) (TOP (S (NP-SBJ The troubled (ADJP West German) computer company) (VP said , (PP-LOC in (NP (NP a statement) (PP to (NP its employees)))) , (SBAR that (S (NP-SBJ-1 (NP the number) (PP of (NP persons)) (VP working (PP-LOC in (NP product development)))) (VP will (VP be (VP reduced (NP *-1) (ADVP-LOC world-wide) (PP-DIR to (NP 2,440)) (PP-DIR from (NP 2,888)) (PP-TMP by (NP (NP the end) (PP of (NP 1990)))))))))) .)) (TOP (S (NP-SBJ-1 (NP The number) (PP of (NP workers)) (PP-LOC in (NP production sectors))) (VP will (VP be (VP cut (NP *-1) (PP-EXT by (NP 488)) , (PP-DIR to (NP 5,200)) (PP-TMP by (NP September))))) .)) (TOP (S (NP-SBJ-1 The cuts) (VP will (VP be (VP made (NP *-1) (UCP-LOC (PP (ADVP half) within (NP Germany)) and (ADVP half abroad))))) .)) (TOP (S (PP-TMP In (NP (NP the first nine months) (PP of (NP 1989)))) , (NP-SBJ Nixdorf) (VP said , (SBAR 0 (S (NP-SBJ sales) (VP rose (NP-EXT 5 %) (PP-LOC amid (NP (NP good growth) (PP-LOC in (NP (NP selected areas) (PP such as (NP (NP banks) and (NP trading companies))))))))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP (VP cited (NP (NP some success) (PP-LOC in (S-NOM (NP-SBJ *) (VP damping (NP cost increases)))))) and (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP wants (S (NP-SBJ *-1) (VP to (VP return (PP-CLR to (NP profitability)) (PP-TMP in (NP 1990)))))))))) .)) (TOP (S (NP-SBJ It) (VP cited (NP (NP the expected beneficial effects) (PP of (NP (NP (NP a concentration) (PP on (NP key products))) , (NP (NP further structural changes) (PP within (NP the group))) and (NP (NP cooperation agreements) (PP with (NP other companies))))))) .)) (TOP (S (NP-SBJ-1 GREAT NORTHERN NEKOOSA) (VP is (VP being (VP sought (NP *-1) (PP by (NP-LGS (NP another big paper company) , (NP Georgia-Pacific) ,)) (PP-CLR for (NP (NP (NP $ 58 *U*) (NP-ADV a share)) , or (NP (QP about $ 3.18 billion) *U*)))))) .)) (TOP (S (NP-SBJ (NP The tender offer) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP surprised (NP analysts) (SBAR-PRP because (S (NP-SBJ-2 it) (VP appeared (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD unsolicited)))))))))) ,) (VP could (VP spark (NP (NP a period) (PP of (NP industry consolidation))))) .)) (TOP (S (NP-SBJ-1 Analysts) (VP questioned (SBAR whether (S (NP-SBJ Georgia-Pacific) (VP will (ADVP-TMP ultimately) (VP prevail)))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ other paper concerns) (VP may (VP make (NP competing bids)))))))) .)) (TOP (S (NP-SBJ Two more securities firms) (VP bowed (PP-CLR to (NP (NP the outcry) (PP over (NP program trading))))) .)) (TOP (S (NP-SBJ (NP GE 's) Kidder Peabody unit) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP would (VP stop (S (NP-SBJ *-1) (VP doing (NP stock-index arbitrage) (PP for (NP its own account)))))))) , (SBAR-ADV while (S (NP-SBJ Merrill Lynch) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (VP halting (NP such trading) (ADVP entirely))))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ the Big Board) (VP met (PP-CLR with (NP angry stock specialists))) .)) (TOP (S (NP-SBJ-1 A big pension-insurance case) (VP will (VP be (VP reviewed (NP *-1) (PP by (NP-LGS the Supreme Court))))) .)) (TOP (S (NP-SBJ-1 The justices) (VP agreed (S (NP-SBJ *-1) (VP to (VP decide (SBAR-NOM whether (S (NP-SBJ federal insurers) (VP can (VP require (S (NP-SBJ LTV) (VP to (VP take (PRT back) (NP (NP responsiblilty) (PP for (S-NOM (NP-SBJ *) (VP funding (NP its (ADJP (QP $ 2.3 billion) *U*) pension shortfall)))))))))))))))) .)) (TOP (S (NP-SBJ Drug companies) (VP lost (NP a major liability case)) .)) (TOP (S (NP-SBJ The Supreme Court) (VP let (SINV (VP stand) (NP-SBJ a New York ruling (SBAR that (S (NP-SBJ (NP all manufacturers) (PP of (NP an anti-miscarriage drug))) (VP are (ADJP-PRD liable (PP for (NP injuries or deaths))) (SBAR-ADV if (S (NP-SBJ the actual maker) (VP is n't (ADJP-PRD known)))))))))) .)) (TOP (S (NP-SBJ Revco) (VP received (NP a (ADJP (QP $ 925 million) *U*) takeover offer) (PP-CLR from (NP (NP Texas financier Robert Bass) and (NP Acadia Partners)))) .)) (TOP (S (NP-SBJ-2 The drugstore chain) (VP reacted (ADVP-MNR cautiously) , (S-ADV (NP-SBJ *-2) (VP saying (SBAR 0 (S (NP-SBJ the plan) (VP would (VP (ADVP further) swell (NP (NP its huge debt) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP forced (NP the company) (PP-CLR into (NP Chapter 11 protection)) (NP-TMP last year)))))))))))) .)) (TOP (S (NP-SBJ-1 Rockefeller Group) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP a (ADJP 51 %) interest) (PP-DTV to (NP (NP Mitsubishi Estate) , (NP a major Japanese developer and property owner) ,)) (PP-CLR for (NP (QP $ 846 million) *U*)))))) .)) (TOP (S (NP-SBJ-1 (NP Officials) (PP-LOC at (NP some Rockefeller units))) (VP are (VP said (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD unhappy (PP with (NP the agreement)))))))) .)) (TOP (S (NP-SBJ Continental Air) (VP replaced (NP its top executive) (PP-TMP for (NP (NP the sixth time) (PP in (NP (ADJP as many) years))))) .)) (TOP (S (NP-SBJ-1 Chairman and Chief Executive Joseph Corr) (VP was (VP succeeded (NP *-1) (PP by (NP-LGS (NP Frank Lorenzo) , (NP (NP chief) (PP of (NP parent Texas Air))))))) .)) (TOP (S (NP-SBJ-1 (NP United Air 's) parent) (VP may (VP have (S (NP-SBJ *-1) (VP to (VP pay (NP (QP as much as $ 53.7 million) *U*) (PP-DTV to (NP the labor-management buy-out group)) (PP-CLR for (NP (NP fees and expenses) (VP incurred (NP *) (PP-LOC in (NP their failed (ADJP (QP $ 6.79 billion) *U*) takeover bid)))))))))) .)) (TOP (S (NP-SBJ-2 Gen-Probe) (VP agreed (S (NP-SBJ-1 *-2) (VP to (VP be (VP bought (NP *-1) (PP by (NP-LGS Chugai Pharmaceutical)) (PP-CLR for (NP (QP about $ 110 million) *U*))))))) .)) (TOP (S (NP-SBJ-1 The sale) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP fuel (NP (NP concern) (PP about (NP (NP growing Japanese investment) (PP-LOC in (NP U.S. biotechnology firms)))))))))) .)) (TOP (S (S (NP-SBJ Boeing) (VP posted (NP (NP a (ADJP 68 %) jump) (PP-LOC in (NP third-quarter earnings))))) , but (S (NP-SBJ-1 (NP Wall Street 's) attention) (VP was (VP focused (NP *-1) (PP-CLR on (NP (NP the continued strike) (PP-LOC at (NP the aircraft maker))))))) .)) (TOP (S (NP-SBJ The Fed) (VP delayed (NP (NP approval) (PP of (NP (NP (NP First Union 's) (ADJP (QP $ 849 million) *U*) acquisition) (PP of (NP Florida National Banks))))) (PP-TMP pending (NP (NP a review) (PP of (NP (NP (NP First Union 's) lending practices) (PP-LOC in (NP low-income neighborhoods))))))) .)) (TOP (S (NP-SBJ (NP Allianz) (PP of (NP West Germany))) (VP entered (NP (NP the takeover battle) (PP between (NP (NP France 's) Paribas and Navigation Mixte)))) .)) (TOP (S (NP-SBJ-1 Maxwell) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP its U.S. printing unit) (PP-DTV to (NP Quebecor)) (PP-CLR for (NP (QP $ 500 million) *U*)) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ Quebecor) (NP-PRD (NP the No. 2 commercial printer) (PP-LOC in (NP North America)))))))))) .)) (TOP (S (NP-SBJ-1 New construction contracts) (VP rose (NP-EXT 8 %) (PP-TMP in (NP September)) , (S-ADV (NP-SBJ-2 *-1) (VP led (NP *-2) (PP by (NP-LGS (ADJP commercial , industrial and public-works) projects)))) , (PP according (PP to (NP F.W. Dodge Group)))) .)) (TOP (S (NP-SBJ-2 Western Union) (VP took (NP (NP steps) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP withdraw (NP a (ADJP (QP $ 500 million) *U*) debt swap) (ADVP-MNR *T*-1)))))) , (S-ADV (NP-SBJ *-2) (VP citing (NP (NP turmoil) (PP-LOC in (NP the junk bond market)))))) .)) (TOP (NP-HLN Markets --)) (TOP (NP (NP Stocks) : (NP (NP Volume) (NP 126,630,000 shares)) .)) (TOP (NP (NP (NP Dow Jones industrials) (NP 2603.48) , (ADVP up (NP 6.76))) ; (NP (NP transportation) (NP 1191.86) , (ADVP up (NP 1.43))) ; (NP (NP utilities) (NP 216.74) , (ADVP up (NP 0.88))) .)) (TOP (NP (NP Bonds) : (NP (NP Shearson Lehman Hutton Treasury index) (NP 3416.81) , (ADVP up)))) (TOP (NP (NP Commodities) : (NP (NP (NP Dow Jones futures index) (NP 129.38) , (ADVP off (NP 0.11))) ; (NP (NP spot index) (NP 130.09) , (ADVP off (NP 0.71)))) .)) (TOP (NP (NP Dollar) : (NP (NP (NP 141.90 yen) , (ADVP up (NP 0.25))) ; (NP (NP 1.8340 marks) , (ADVP up (NP 0.0040)))) .)) (TOP (S (NP-SBJ Pacific Telesis Group) (VP said (SBAR 0 (S (NP-SBJ its Pacific Bell unit) (VP sustained (NP (NP property damage) (PP of (NP (QP about $ 45 million to $ 50 million) *U*)) (PP from (NP (NP the California earthquake) (NP-TMP earlier this month)))))))) .)) (TOP (S (NP-SBJ The (ADJP San Francisco-based) telecommunications company) (VP said (SBAR 0 (S (NP-SBJ it) (VP carries (NP (NP (QP $ 150 million) *U*) (PP of (NP earthquake insurance)) (PP with (NP a (ADJP (QP $ 10 million) *U*) deductible provision))))))) .)) (TOP (S (NP-SBJ (NP Sam Ginn) , (NP (NP chairman) and (NP chief executive officer)) ,) (VP told (NP (NP securities analysts) (PP-LOC in (NP New York))) (SBAR that (S (NP-SBJ the company) (VP expects (NP (ADJP somewhat slower) per-share earnings growth) (PP-TMP in (NP 1990)) , (SBAR-ADV although (S (NP-SBJ annual growth) (VP should (VP return (PP-DIR to (NP (NP the traditional figure) (PP of (NP (QP about 7) %)))) (ADVP-TMP thereafter))))))))) .)) (TOP (S (PP-CLR-TPC-2 As (NP (NP factors) (VP contributing (PP-CLR to (NP the temporary slowdown))))) , (NP-SBJ he) (VP cited (NP (NP one-time rate reductions) (VP prescribed (NP *) (PP by (NP-LGS California regulators)) (PP as (NP (NP a prelude) (PP to (NP (NP a new framework) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP removes (NP profit constraints)))))))))) (PP-CLR *T*-2)) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP mentioned (NP (NP increased capital investment) (PP by (NP Pacific Bell)) (PP for (NP network improvements)))) .)) (TOP (S (NP-SBJ Mr. Ginn) (VP said (SBAR 0 (S (NP-SBJ (NP the company 's) cellular operations) (ADVP-TMP now) (VP serve (NP (QP about 341,000) customers) , (ADVP up (NP 46 %) (PP from (ADVP-TMP (NP a year) ago))))))) .)) (TOP (S (S-TPC-4 (NP-SBJ-3 General Motors Corp.) (VP is (VP planning (S (NP-SBJ *-3) (VP to (VP build (NP (NP a new engine plant) (SBAR *ICH*-6)) (PP-LOC in (NP Europe)) (SBAR-6 (WHNP-5 that) (S (NP-SBJ-2 *T*-5) (VP may (VP be (VP built (NP *-2) (PP-LOC in (NP Britain)))))))))) , (PP provided (SBAR 0 (S (NP-SBJ the company) (VP can (VP reach (NP a satisfactory agreement) (PP-CLR with (NP unions)))))))))) , (NP-SBJ sources) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ (NP Officials) (PP of (NP (NP Vauxhall Motors Ltd.) , (NP (NP GM 's) British unit) ,))) (VP were (VP meeting (PP-CLR with (NP union leaders)) (NP-TMP late yesterday) (PP in (NP (NP hopes) (PP of (S-NOM (NP-SBJ *) (VP winning (NP such an accord)))))))) .)) (TOP (S (NP-SBJ The engine plant) (VP may (VP encompass (NP (NP plans) (PP for (NP (NP a joint components venture) (PP with (NP Jaguar))))))) .)) (TOP (S (S-TPC-2 (ADVP Alternatively) , (NP-SBJ-1 a separate engine plant) (VP may (VP be (VP built (NP *-1) (PP as (NP (NP part) (PP of (NP (NP (NP GM 's) planned tie-up) (PP with (NP the British luxury car maker)))))))))) , (NP-SBJ the sources) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Sources) (VP said (SBAR 0 (S (NP-SBJ-1 (NP a `` (ADJP complex and detailed) '' announcement) (PP of (NP (NP a joint agreement) (PP between (NP (NP General Motors) and (NP Jaguar)))))) (VP would (VP be (VP made (NP *-1) (PP by (NP-LGS Jaguar)) `` (NP-TMP (NP some time) (PP in (NP the next (QP 2 1) weeks))))))))) .)) (TOP (S (NP-SBJ Cray Research Inc.) (VP won (NP (NP government clearance) (PP for (NP (NP its proposed reorganization) (PP of (NP (NP founder Seymour Cray 's) supercomputer design team)) (PP into (NP a separate company)))))) .)) (TOP (S (NP-SBJ (NP Internal Revenue Service approval) (PP of (NP the move)) (PP as (NP a tax-free transaction))) (VP was (NP-PRD (NP the last hurdle) (PP to (S-NOM (NP-SBJ *) (VP splitting (PRT up) (NP (NP (NP the world 's) dominant maker) (PP of (NP supercomputers)) , (SBAR (WHNP-1 which) (S (NP-SBJ Mr. Cray) (VP founded (NP *T*-1) (PP-TMP in (NP 1974))))))))))) .)) (TOP (S (NP-SBJ (NP Cray 's) directors) (VP set (NP-TMP Nov. 15) (PP-CLR as (NP (NP the record date) (PP for (NP (NP distribution) (PP of (NP (NP shares) (PP in (NP (NP the new company) , (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP called (S (NP-SBJ *-1) (NP-PRD Cray Computer Corp)))))))))))))))) .)) (TOP (S (NP-SBJ It) (VP will (VP trade (PP-LOC over (NP the counter)) (PP under (NP the symbol CRAY)))) .)) (TOP (S (NP-SBJ The plan) (VP calls (SBAR for (S (NP-SBJ Cray Research holders) (VP to (VP receive (NP (NP one share) (PP in (NP the new company))) (PP-CLR for (NP (NP every two shares) (VP held (NP *))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 An estimated (QP 14.7 million) Cray Computer shares) (VP will (VP be (VP distributed (NP *-1))))) , (NP-SBJ Cray Research) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-LOC Under (NP the accord)) , (NP-SBJ Cray Research) (VP (VP will (VP transfer (PP-CLR to (NP (NP Mr. Cray 's) fledgling operation)) (NP (NP (QP $ 53.3 million) *U*) (PP of (NP (NP assets) (VP (ADVP primarily) related (NP *) (PP-CLR to (NP (NP the Cray-3 development project) (SBAR (WHNP-1 0) (S (NP-SBJ his team) (VP is (VP undertaking (NP *T*-1))))))))))))) and (VP will (VP lend (NP Cray Computer) (NP (QP $ 98.6 million) *U*)))) .)) (TOP (S (NP-SBJ Cray Research) (VP will (VP retain (NP (NP a (ADJP 10 %) interest) (PP in (NP (NP the new company) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Colorado Springs) , (NP Colo))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ it) (VP announced (NP the planned breakup) (PP-TMP in (NP May)) (ADVP-TMP *T*-1)))) , (NP-SBJ Cray Research) (VP said (SBAR 0 (S (NP-SBJ (NP development costs) (PP of (NP several competing projects))) (VP were (VP squeezing (NP its earnings growth)))))) .)) (TOP (S (PP-TMP After (NP the split)) , (NP-SBJ the two companies) (ADVP presumably) (VP will (VP be (NP-PRD (NP rivals) (PP for (NP (NP orders) (PP from (NP (UCP government and commercial) customers))))))) .)) (TOP (S (NP-SBJ (NP Interface Systems Inc.) , (NP-LOC (NP Ann Arbor) , (NP Mich.) ,)) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP report (SBAR 0 (S (NP-SBJ (NP net income) (PP for (NP (NP the fourth quarter) (VP ended (NP-TMP-CLR Sept. 30))))) (VP fell (PP-DIR to (NP (NP $ 470,000 *U*) , or (NP (NP 11 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP $ 805,000 *U*) , or (NP (NP 19 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier)))))))))) .)) (TOP (S (NP-SBJ Chairman Carl L. Bixby) (VP said (SBAR 0 (S (NP-SBJ the decline) (VP occurred (SBAR-ADV although (S (NP-SBJ revenue) (VP rose (NP-EXT 30 %) (PP-DIR to (NP (QP more than $ 8.3 million) *U*)) (PP-DIR from (NP (QP $ 6.4 million) *U*) (ADVP-TMP (NP a year) earlier))))))))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP computer parts))))) (VP said (SBAR 0 (S (NP-SBJ fiscal 1989 earnings) (VP were (ADVP-PRD `` down (ADVP slightly) '' (PP from (NP (NP (QP $ 3.2 million) *U*) , or (NP (NP 74 cents) (NP-ADV a share))) , (PP-TMP in (NP fiscal l988)))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ fiscal 1989 revenue) (VP increased (NP-EXT (QP about 30) %) (PP-DIR to (NP (QP more than $ 32 million) *U*)) (PP-DIR from (NP (QP $ 25.3 million) *U*)))))) .)) (TOP (S (NP-SBJ Mr. Bixby) (VP said (SBAR that (S (NP-SBJ early signs) (VP point (PP-CLR to (NP (NP improved earnings and revenue) (PP-TMP in (NP (NP the first quarter) (PP of (NP fiscal 1990)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The current backlog) (PP of (NP orders))) (VP is (ADJP-PRD strong) (PP-LOC throughout (NP the corporation)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Priam Corp.) (VP (VP said (SBAR 0 (S (NP-SBJ it) (VP filed (PP-CLR for (NP (NP protection) (PP-LOC under (NP (NP Chapter 11) (PP of (NP the federal Bankruptcy Code)))))))))) and (VP announced (NP (NP a (ADJP 35 %) reduction) (PP-LOC in (NP its world-wide employment))))) .)) (TOP (S (NP-SBJ (NP The filing) (PP-LOC in (NP (NP bankruptcy court) (ADVP-LOC here)))) (VP follows (NP (NP a string) (PP of (NP (NP quarterly losses) and (NP product glitches))) (PP for (NP (NP the maker) (PP of (NP (NP harddisk drives) (PP for (NP minicomputers and microcomputers)))))))) .)) (TOP (S (NP-SBJ Priam) (VP had (NP (NP a loss) (PP of (NP (QP $ 25.4 million) *U*)) (PP for (NP (NP the fiscal year) (VP ended (NP-TMP July 7))))) , (PP compared (PP with (NP (NP year-earlier profit) (PP of (NP (NP $ 543,000 *U*) , or (NP (NP two cents) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ (NP Revenue) (PP for (NP the year))) (VP fell (NP-EXT 13 %) (PP-DIR to (NP (QP $ 122.7 million) *U*))) .)) (TOP (S (NP-SBJ (NP The 200-person staff cutback) (VP announced (NP *) (NP-TMP yesterday))) (VP will (VP bring (NP (NP Priam 's) employment) (PP-DIR to (NP (NP (QP about 380) workers) , (NP (NP (QP less than half)) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ it) (VP was (NP-PRD *T*-1) (PP-TMP before (NP (NP a similar , 230-person reduction) (PP-TMP in (NP August))))))))))))) .)) (TOP (S (NP-SBJ The company) (NP-TMP yesterday) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (VP scrapping (NP (NP (NP one) (PP of (NP its major new products))) , (NP (NP a 760-megabyte drive) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (PRN , (SBAR-ADV while (S (NP-SBJ *-2) (ADJP-PRD technically proficient))) ,) (VP did n't (VP hold (NP (NP much promise) (PP of (S-NOM (NP-SBJ *) (VP generating (NP substantial orders))))) (SBAR-PRP because (S (NP-SBJ financing problems) (VP caused (NP (NP a nine-month delay) (PP-LOC in (S-NOM (NP-SBJ *) (VP getting (NP the product) (PP-DIR to (NP market)))))))))))))))))))) .)) (TOP (S (NP-SBJ The French Economics Ministry) (VP approved (NP (NP a planned asset swap) (PP between (NP (NP the defense and electronics group Thomson-CSF S.A.) and (NP the bank group Credit Lyonnais))))) .)) (TOP (S (NP-SBJ The ministry) (VP (VP said (SBAR 0 (S (NP-SBJ (NP the swap) , (SBAR (WHNP-2 (WHNP details) (WHPP of (WHNP which))) (S (NP-SBJ-1 *T*-2) (VP were (VP disclosed (NP *-1) (NP-TMP last Thursday))))) ,) (VP will (VP allow (S (NP-SBJ both state-controlled companies) (VP to (VP reinforce (NP (NP operations) (PP-LOC in (NP their main markets))))))))))) and (VP argued (SBAR that (S (NP-SBJ the move) (VP shows (NP (NP the dynamism) (PP of (NP (NP France 's) state-sector concerns)))))))) .)) (TOP (S (NP-SBJ The approval) (ADVP also) (VP ends (NP (NP any hope) (SBAR (WHNP-1 that) (S (NP-SBJ (NP Banque Nationale de Paris) , (NP another state-sector bank) ,) (VP might (VP have (VP had (NP *T*-1) (PP about (S-NOM (NP-SBJ *) (VP taking (NP (NP (NP Credit Lyonnais 's) place) (PP-LOC in (NP the accord))))))))))))) .)) (TOP (S (NP-SBJ It) (VP hinted (PP-TMP over (NP the weekend)) (SBAR that (S (NP-SBJ it) (VP would (VP have (VP been (ADJP-PRD interested (PP in (NP (NP a hook-up) (PP with (NP Thomson-CSF))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP details) (PP of (NP the accord)))) , (NP-SBJ Credit Lyonnais) (VP will (VP take (NP (NP (QP slightly more than 50) %) (PP of (NP Thomson-CSF Finance))) (PP in (NP (NP exchange) (PP for (NP (NP (QP about 14) %) (PP of (NP its own shares)))))))) .)) (TOP (S (NP-SBJ The move) (VP (VP will (VP help (S (NP-SBJ the bank) (VP to (VP keep (PRT up) (PP-CLR with (NP (NP international solvency ratios) (VP being (VP phased (NP *) (PRT in) (PP by (NP-LGS the Bank)) (PP for (NP International Settlements))))))))))) and (VP will (ADVP also) (VP represent (NP (NP the first time) (SBAR (WHADVP-2 that) (S (NP-SBJ-1 its voting shares) (VP have (VP been (VP held (NP *-1) (PP by (NP-LGS (NP a party) (ADJP (ADJP other) (PP than (NP the government))))) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (NP-SBJ Bio-Technology General Corp.) (VP received (NP (NP tenders) (PP for (NP (NP (NP 97.9 %) (PP of (NP (NP its (ADJP 7.5 %) convertible senior subordinated notes) (ADJP due (NP-TMP (NP April 15) , (NP 1997)))))) , and (NP (NP 96 %) (PP of (NP (NP its (ADJP 11 %) convertible senior subordinated debentures) (ADJP due (NP-TMP (NP March 1) , (NP 2006)))))))))) .)) (TOP (S (PP-LOC In (NP (NP exchange offers) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP expired (NP-TMP Friday)))))) , (NP-SBJ (NP holders) (PP of (NP (NP each $ 1,000 *U*) (PP of (NP notes))))) (VP will (VP receive (NP (NP (NP (ADJP $ 250 *U*) face amount) (PP of (NP (NP Series A (ADJP 7.5 %) senior secured convertible notes) (ADJP due (NP-TMP (NP Jan. 15) , (NP 1995)))))) , and (NP 200 common shares)))) .)) (TOP (S (PP For (NP (NP each (ADJP $ 1,000 *U*) face amount) (PP of (NP debentures)))) , (NP-SBJ holders) (VP received (NP (NP (NP $ 250 *U*) (PP of (NP (NP Series B (ADJP 11 %) senior secured convertible notes) (ADJP due (NP-TMP (NP Oct. 15) , (NP 1998)))))) , and (NP 200 common shares))) .)) (TOP (S (NP-SBJ (NP Bio-Technology) , (NP (NP a New York maker) (PP of (NP (NP (ADJP genetically engineered) products) (PP for (NP (UCP human and animal) health care))))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP made (NP the exchange offer) (S-PRP (NP-SBJ *-1) (VP to (VP reduce (NP its interest payments)))))))) .)) (TOP (S (NP-SBJ-1 Japanese companies) (VP have (ADVP-TMP long) (VP been (VP accused (NP *-1) (PP-CLR of (S-NOM (NP-SBJ-2 *) (VP sacrificing (NP profit) (S-PRP (NP-SBJ *-2) (VP to (VP boost (NP sales)))))))))) .)) (TOP (S But (NP-SBJ Fujitsu Ltd.) (VP has (VP taken (NP that practice) (PP-CLR to (NP a new extreme)))) .)) (TOP (S (NP-SBJ-1 (NP Japan 's) biggest computer maker) (NP-TMP last week) (VP undercut (NP seven competitors) (S-PRP (NP-SBJ *-1) (VP to (VP win (NP a contract (S (NP-SBJ *) (VP to (VP design (NP (NP a mapping system) (PP for (NP (NP (NP the city) (PP of (NP Hiroshima)) 's) waterworks))))))))))) .)) (TOP (NP (NP Its bid) : (NP (NP one yen) , or (NP (NP less) (PP than (NP a U.S. penny)))) .)) (TOP (S (NP-SBJ The bid) (VP created (NP (NP such a furor) (SBAR that (S (NP-SBJ Fujitsu) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP is (ADVP-TMP now) (VP offering (S (NP-SBJ *-1) (VP to (VP withdraw (PP-DIR from (NP the project)))))))))))))) .)) (TOP (S `` (S-TPC-1 (PP From (NP a common-sense viewpoint)) , (NP-SBJ it) (VP was not (ADJP-PRD socially acceptable))) , '' (NP-SBJ a Fujitsu spokeswoman) (VP said (S *T*-1) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ-1 Hiroshima city officials) (VP could n't (VP be (VP reached (NP *-1) (S-PRP-CLR (NP-SBJ *) (VP to (VP find (PRT out) (SBAR whether (S (NP-SBJ they) (VP would (VP drop (NP (NP Fujitsu 's) bid))))))))))) .)) (TOP (S (NP-SBJ Fujitsu) (VP said (SBAR 0 (S (NP-SBJ it) (VP issued (NP the low bid) (SBAR-PRP because (S (NP-SBJ it) (VP wanted (NP (NP a foot) (PP-LOC in (NP (NP the door) (PP of (NP a (ADJP potentially lucrative) market)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP (ADVP-MNR desperately) wanted (NP the contract) (SBAR-PRP because (S (NP-SBJ we) (VP want (NP (NP experience) (PP-LOC in (NP the field)))))))) , '' (NP-SBJ the Fujitsu spokeswoman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (NP-SBJ We) (VP expect (NP a big market) (PP-TMP in (NP the future)) , (SBAR-PRP so (S (PP-TMP in (NP the long term)) (NP-SBJ it) (VP will (VP be (ADJP-PRD profitable)))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP a kind) (PP of (NP an investment)))) . '')) (TOP (S (NP-SBJ (NP Hiroshima 's) waterworks bureau) (VP said (SBAR 0 (S (NP-SBJ the municipal government) (VP had (VP budgeted (NP (NP (QP about 11 million) yen) (PRN -LRB- (NP $ 77,500 *U*) -RRB-)) (PP-CLR for (NP the project))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-3 I) (VP was (VP flabbergasted (NP *-3)))) , '' (NP-SBJ-1 (NP Tatsuhara Yamane) , (NP (NP head) (PP of (NP the bureau)))) , (VP was (VP quoted (NP-4 *-1) (PP by (NP-LGS Kyodo news service)) (PP-CLR as (S-NOM (NP-SBJ *-4) (VP saying (S *T*-2)))))) .)) (TOP (S `` (S (NP-SBJ I) (VP understand (NP (NP (NP the firm 's) enthusiasm) (PP in (S-NOM (NP-SBJ *) (VP getting (NP the deal))))))) , but (S (NP-SBJ-1 such a large company) (VP would (VP have (VP been (ADVP-PRD better off (S (NP-SBJ *-1) (VP showing (NP (ADJP (NP-ADV a little) more) discretion)))))))) . '')) (TOP (S (ADVP Indeed) , (NP-SBJ Fujitsu officials) (VP admitted (SBAR 0 (S (NP-SBJ they) (VP may (VP have (VP been (ADJP-PRD (NP-ADV a little) overzealous))))))) .)) (TOP (S (NP-SBJ The Fujitsu spokeswoman) (VP said (SBAR 0 (S (NP-SBJ headquarter officials) (VP (VP did n't (VP approve (NP the bid) (PP-TMP in (NP advance)))) and (VP will (VP take (NP measures) (SBAR-PRP so (S (NP-SBJ (NP this kind) (PP of (NP thing))) (VP does n't (VP happen (PP-TMP in (NP the future)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (ADJP-PRD contrary (PP to (NP common sense))))) , '' (NP-SBJ she) (VP added (S *T*-1)) .)) (TOP (S (ADVP Specifically) , (NP-SBJ Fujitsu) (VP won (NP the right (S (NP-SBJ *) (VP to (VP design (NP (NP the specifications) (PP for (NP (NP a computerized system) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP show (NP (NP water lines) (PP-LOC throughout (NP the city))))))))))))))) .)) (TOP (S (NP-SBJ-1 The system) (VP could (VP be (VP used (NP-2 *-1) (PP-TMP in (NP a fire or earthquake)) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP locate (NP problems)))) , (PP among (NP other things))))) .)) (TOP (S (NP-SBJ A waterworks official) (VP said (SBAR 0 (S (NP-SBJ-1 Fujitsu) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP design (NP the system) (SBAR-PRP so (S (NP-SBJ it) (VP would (VP be (ADJP-PRD compatible (PP with (NP (NP other makers ') equipment))))))))))))))) .)) (TOP (S But (NP-SBJ industry officials) (VP expressed (NP concern (SBAR that (S (NP-SBJ the initial project) (VP might (VP give (NP Fujitsu) (NP (NP an edge) (PP in (S-NOM (NP-SBJ *) (VP winning (NP (ADJP more lucrative) contracts) (ADVP-TMP later))))))))))) .)) (TOP (S (NP-SBJ Fujitsu) (VP said (SBAR 0 (S (NP-SBJ it) (VP hopes (SBAR 0 (S (NP-SBJ the Hiroshima contract) (VP will (VP help (S (NP-SBJ it) (VP secure (NP (NP pacts) (PP with (NP other municipalities))))))))))))) .)) (TOP (S (S (NP-SBJ-1 Japanese local governments) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP invest (ADVP-MNR heavily) (PP-CLR in (NP computer systems)) (PP-TMP over (NP the next few years)))))))) , and (S (NP-SBJ many companies) (VP expect (S (NP-SBJ that field) (VP to (VP provide (NP substantial revenue)))))) .)) (TOP (S (S-TPC-1 `` (PP-TMP In (NP the near future)) , (NP-SBJ it) (VP will (VP be (NP-PRD a big market) , (PP not (PP (ADVP just) for (NP waterworks)) , but (PP for (NP all mapping systems)))))) , '' (NP-SBJ the Fujitsu spokeswoman) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ We) (VP can (VP expect (NP a hundreds-of-billions-of-yen market))) . '')) (TOP (S (NP-SBJ No foreign companies) (VP bid (PP-CLR on (NP the Hiroshima project)) , (PP according (PP to (NP the bureau)))) .)) (TOP (S But (NP-SBJ-1 (NP the Japanese practice) (PP of (NP deep discounting))) (ADVP-TMP often) (VP is (VP cited (NP *-1) (PP by (NP-LGS Americans)) (PP-CLR as (NP (NP a classic barrier) (PP to (NP entry)) (PP-LOC in (NP (NP Japan 's) market)))))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ the U.S.) (VP complained (SBAR that (S (NP-SBJ-1 (NP Japan 's) supercomputer makers) (VP were (ADVP effectively) (VP closing (PRT out) (NP foreign competitors) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP slashing (NP prices) (NP-ADV (QP as much as 90) %) (PP for (NP universities)))))))))) .)) (TOP (S (NP-SBJ Fujitsu) (VP was n't (NP-PRD (NP the only company) (ADJP willing (S (NP-SBJ *) (VP to (VP sacrifice (NP profit) (PP-LOC on (NP the project)))))))) .)) (TOP (S (NP-SBJ Three competitors) (VP bid (PP between (NP (NP 300,000 yen) and (NP 500,000 yen))) , (PP according (PP to (NP the Hiroshima government office)))) .)) (TOP (S (NP-SBJ Other bids) (VP ranged (PP-DIR (PP from (NP (QP about 10 million) yen)) (PP to (NP (QP 29 million) yen)))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 American Airlines) (VP will (VP expand (NP its trans-Atlantic service) (NP-EXT 30 %) (PP-TMP beginning (NP-TMP next year)) (PP with (NP (NP six new daily flights) (PP-DIR between (NP (NP the U.S.) and (NP Europe)))))))) , (NP-SBJ officials) (VP announced (SBAR 0 (S *T*-2)) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ (NP American) , (NP (NP a unit) (PP of (NP AMR Corp.)))) , (VP is (NP-PRD (NP the nation 's) largest airline)) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The new nonstop flights) , (VP starting (NP-TMP next May)) ,) (VP will (VP include (NP (NP Chicago-Warsaw) , (NP Chicago-Helsinki) , (NP Miami-Madrid) , (NP Dallas-Barcelona) , (NP a second daily Chicago-Paris flight) and (NP a second daily Chicago-Manchester flight))))) , (NP-SBJ the officials) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Chicago) (VP has (NP (NP the largest population) (PP of (NP (NP citizens) (PP of (NP Polish heritage)))) (PP-LOC in (NP (NP any city) (PP-LOC outside (NP Poland)))))) .)) (TOP (S (PP With (NP the new service)) , (NP-SBJ American) (VP will (VP fly (NP (NP 161 flights) (NP-ADV a week) (PP-DIR to (NP 17 European cities))))) .)) (TOP (S (NP-SBJ The additions) (VP solidify (NP (NP (NP American 's) position) (PP as (NP (NP the third-largest U.S. transatlantic carrier) , (PP-LOC behind (NP (NP (NP PanAm Corp. 's) Pan American World Airways) and (NP Trans World Airlines))))))) .)) (TOP (S (NP-SBJ Karstadt AG) (VP said (SBAR 0 (S (NP-SBJ (NP sales) (PP for (NP its domestic group))) (VP rose (NP-EXT 4.6 %) (PP-TMP in (NP (NP the first nine months) (PP of (NP 1989)))) (PP-DIR from (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ The (ADJP West German) retailing group) (ADVP also) (VP said (SBAR that (S (NP-SBJ (NP the results) (PP of (NP the first three quarters))) (VP suggest (SBAR 0 (S (NP-SBJ it) (VP will (VP meet (NP (NP its profit goal) (PP for (NP the year))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Earnings) (PP-LOC at (NP (NP the department-store division) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP generates (NP (NP the bulk) (PP of (NP profit)))))) ,))) (VP should (VP remain (ADJP-PRD (ADVP at least) stable) , (SBAR-ADV while (S (NP-SBJ-3 (NP income) (PP-LOC at (NP the mail-order and tourism units))) (VP is (ADJP-PRD likely (S (NP-SBJ *-3) (VP to (VP fall (ADVP-MNR slightly) (PP-DIR from (NP-TMP 1988)))))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Karstadt) (VP did n't (VP give (NP (NP any (NX (NX group sales) or (NX profit figures))) (PP for (NP the first nine months))))) .)) (TOP (S (NP-SBJ-1 Georgia-Pacific Corp.) (VP offered (S (NP-SBJ *-1) (VP to (VP acquire (NP Great Northern Nekoosa Corp.) (PP-CLR for (NP (NP (NP $ 58 *U*) (NP-ADV a share)) , or (NP (QP about $ 3.18 billion) *U*))))))) .)) (TOP (S (NP-SBJ The offer) (VP capped (NP (NP a week) (PP of (NP rumors (SBAR that (S (NP-SBJ-1 (NP Georgia-Pacific) , (NP an Atlanta-based forest-products company)) , (VP was (VP considering (S (NP-SBJ *-1) (VP making (NP (NP a bid) (PP for (NP (NP Nekoosa) , (NP (NP a paper-products concern) (VP based (NP *) (PP-LOC-CLR in (NP (NP Norwalk) , (NP Conn)))))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Executives) (PP-LOC at (NP Nekoosa))) (VP could n't (VP be (VP reached (NP *-1))))) , and (S (NP-SBJ-2 (NP officials) (PP-LOC at (NP Georgia Pacific))) (VP declined (S (NP-SBJ *-2) (VP to (VP comment))))) .)) (TOP (S (NP-SBJ-1 Analysts) (PRN , (ADVP however) ,) (VP were (VP surprised (NP *-1) (SBAR-PRP because (S (NP-SBJ the tender offer) (VP appeared (ADJP-PRD unsolicited)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD quite a bombshell))) , '' (VP said (S *T*-1)) (NP-SBJ-2 one) , (S-ADV (NP-SBJ *-2) (VP adding (SBAR that (S (NP-SBJ the offer) (VP could (VP spark (NP (NP a period) (PP of (NP industry consolidation))))))))) .)) (TOP (S (S (NP-SBJ-1 The two companies) (VP would (VP appear (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a logical fit) (PP-PRP because of (NP their complementary lines)))))))) , and (S (NP-SBJ analysts) (VP described (NP (NP the offer) , (VP representing (NP (NP a (ADJP 36 %) premium) (PP over (NP (NP Nekoosa 's) market price))))) , (PP-CLR as (ADJP fair)))) .)) (TOP (S (NP-SBJ Nekoosa) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 42.75 *U*)) , (ADVP up (NP $ 2.75 *U*)) , (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (S But (NP-SBJ industry observers) (ADVP-TMP still) (VP questioned (SBAR whether (S (NP-SBJ Georgia Pacific) (VP will (ADVP-TMP ultimately) (VP prevail))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 You) (VP have (S (NP-SBJ *-2) (VP to (VP watch (PRT out) (PP-CLR for (NP counterbids))))))) , '' (VP said (S *T*-1)) (NP-SBJ one analyst) . ``)) (TOP (S (NP-SBJ (NP International Paper) or (NP Weyerhaeuser)) (VP could (VP step (ADVP-CLR in))) . '')) (TOP (S (NP-SBJ (NP The bid) (PP for (NP Great Northern)) , (SBAR (WHNP-1 (NP a notice) (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP appears (PP-LOC in (NP (NP an advertisement) (PP-LOC in (NP (NP today 's) Wall Street Journal))))))) ,) (VP is (NP-PRD (NP the first big takeover offer) (PP-TMP since (NP (NP the collapse) (PP of (NP (NP a (ADJP (QP $ 6.79 billion) *U*) buy-out) (PP of (NP United Airlines parent UAL Corp.)))) (NP-TMP Oct. 13))))) .)) (TOP (S (NP-SBJ (NP That collapse) , (PP following (PP on (NP (NP the heels) (PP of (NP (NP disarray) (PP-LOC in (NP the market)) (PP for (NP high-risk , high-yield bonds))))))) ,) (VP cast (NP-CLR doubt) (PP-CLR on (NP the entire takeover business)) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP fueled (NP both (NP (NP big profits) (PP-LOC among (NP Wall Street securities firms))) and (NP (NP big gains) (PP-LOC in (NP the stock market)) (ADVP generally)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP Georgia-Pacific 's) stock) (VP has (VP outperformed (NP the market) (PP-TMP in (NP the past two years)))))) , (NP-SBJ Nekoosa) (VP has (VP lagged (NP the market) (PP-TMP in (NP the same period)))) .)) (TOP (S (NP-SBJ (NP (NP Yesterday 's) rise) (PP-LOC in (NP (NP Nekoosa 's) share price))) (VP came (PP-LOC on (NP (NP volume) (PP of (NP (NP 786,700 shares) , (NP (QP four times) the daily average)))))) .)) (TOP (S (PP According (PP to (NP Dow Jones Professional Investor Report))) , (NP-SBJ-1 (NP options trading) (PP-LOC in (NP Nekoosa))) (VP was (ADVP also) (ADJP-PRD heavy) , (S-ADV (NP-SBJ *-1) (VP ranking (PP-LOC (ADVP only) behind (NP (NP International Business Machines Corp.) and (NP UAL))) (PP in (NP volume)) (PP-LOC on (NP the Chicago Board Options Exchange))))) .)) (TOP (S (PP According (PP to (NP the Value Line Investment Survey))) , (NP-SBJ (NP demand) (PP for (NP (NP Nekoosa 's) commodity paper))) (VP has (VP weakened , (S-ADV (NP-SBJ *) (VP prompting (S (NP-SBJ earnings) (VP to (VP decline (PP-EXT by (NP 6.6 %)) (PP-TMP in (NP (NP the third quarter) (VP ended (NP-TMP Sept. 30))))))))))) .)) (TOP (S (NP-SBJ Value Line) (VP added , `` (S (UCP-ADV (PP With (S-NOM (NP-SBJ (NP discounts) (PP *ICH*-1)) (VP widening (PP-1 on (NP business papers))))) , and (SBAR with (S (NP-SBJ (NP newsprint) and (NP corrugated shipments)) (ADJP-PRD flat)))) , (NP-SBJ we) (VP expect (NP negative earnings comparisons) (PP-TMP through (NP next year))))) . '')) (TOP (S (PP By (NP contrast)) , (NP-SBJ Value Line) (VP said (SBAR 0 (S (NP-SBJ Georgia-Pacific) `` (VP is (PP-LOC-PRD in (NP a (ADJP comparatively good) position (S (NP-SBJ *) (VP to (VP deal (PP-CLR with (NP weakening paper markets))))))) , '' (SBAR-PRP because (S (NP-SBJ-1 its production) (VP is (VP concentrated (NP *-1) (PP-LOC-CLR not (PP in (NP the Northwest)) but (PP in (NP (NP the South) , (SBAR (WHADVP-3 where) (S (NP-SBJ-2 it) (VP should (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP avoid (NP (NP some) (PP of (NP (NP the cost pressures) (PP from (NP rising wood-chip prices))))))))) (ADVP-LOC *T*-3)))))))))))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ-1 it) (VP (VP is n't (VP exposed (NP *-1) (PP-CLR to (NP the weakening newsprint business)))) , and (VP is (ADJP-PRD strong) (PP-LOC in (NP the less-cyclical tissue business)))) .)) (TOP (S (NP-SBJ (NP The purchase) (PP of (NP Nekoosa))) (VP would (VP (ADVP-MNR easily) eclipse (NP (NP (NP Georgia-Pacific 's) (ADJP (QP $ 530 million) *U*) acquisition) (PP of (NP Brunswick Pulp & Paper Co.)) (NP-TMP last year)))) .)) (TOP (S (NP-SBJ-2 (NP That acquisition) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP included (NP (NP the assumption) (PP of (NP (NP (QP $ 135 million) *U*) (PP in (NP debt))))))))) , (VP was (VP designed (NP-3 *-2) (S-CLR (NP-SBJ *-3) (VP to (VP allow (S (NP-SBJ Georgia-Pacific) (VP to (VP (VP capitalize (PP-CLR on (NP (NP the strong demand) (PP for (NP softwood pulp))))) , (CONJP as well as) (VP reduce (NP (NP its exposure) (PP to (NP the housing market)))))))))))) .)) (TOP (S (NP-SBJ Wasserstein Perella & Co.) (VP is (NP-PRD (NP the dealer-manager) (PP for (NP (NP the offer) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP will (VP expire (NP-TMP Nov. 29) , (SBAR-ADV unless (S (NP-SBJ-3 *-2) (VP extended (NP *-3)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Ratners Group PLC 's) U.S. subsidiary) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP jewelry retailer (NP Weisfield 's) Inc.) (PP-CLR for (NP (NP (NP $ 50 *U*) (NP-ADV a share)) , or (NP (QP about $ 55 million) *U*)))))))) .)) (TOP (S (NP-SBJ-1 (NP Weisfield 's) shares) (VP soared (PP-PRP on (NP (NP the announcement) (NP-TMP yesterday))) , (S-ADV (NP-SBJ-2 *-1) (VP closing (ADVP up (NP $ 11 *U*)) (S-CLR (NP-SBJ *-2) (VP to (VP close (PP-CLR at (NP $ 50 *U*))))) (PP-LOC in (NP national over-the-counter trading))))) .)) (TOP (S (NP-SBJ (NP Ratners) and (NP Weisfield 's)) (VP said (SBAR 0 (S (NP-SBJ they) (VP reached (NP (NP an agreement) (PP in (NP principle)) (PP for (NP (NP the acquisition) (PP of (NP Weisfield 's)) (PP by (NP Sterling Inc))))))))) .)) (TOP (S (NP-SBJ The companies) (VP said (SBAR 0 (S (NP-SBJ the acquisition) (VP is (ADJP-PRD subject (PP to (NP a definitive agreement))))))) .)) (TOP (S (NP-SBJ They) (VP said (SBAR 0 (S (NP-SBJ they) (VP expect (S (NP-SBJ-1 the transaction) (VP to (VP be (VP completed (NP *-1) (PP-TMP by (NP Dec. 15)))))))))) .)) (TOP (S (NP-SBJ (NP Weisfield 's) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Seattle) , (NP Wash.)))) ,) (ADVP-TMP currently) (VP operates (NP (NP 87 specialty jewelry stores) (PP-LOC in (NP nine states)))) .)) (TOP (S (PP-TMP In (NP (NP the fiscal year) (VP ended (NP-TMP Jan. 31)))) , (NP-SBJ the company) (VP reported (NP (NP (NP sales) (PP of (NP (QP $ 59.5 million) *U*))) and (NP (NP pretax profit) (PP of (NP (QP $ 2.9 million) *U*))))) .)) (TOP (S (NP-SBJ (NP Ratners) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP controls (NP (NP 25 %) (PP of (NP the British jewelry market))))))) , (VP would (VP increase (NP (NP the number) (PP of (NP its U.S. stores))) (PP-DIR to (NP (QP about 450) stores)) (PP-DIR from (NP 360)))) .)) (TOP (S (S (NP-SBJ It) (VP has (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP hopes (S (NP-SBJ *-1) (VP to (VP control (NP (NP 5 %) (PP of (NP (NP jewelry business) (PP-LOC in (NP the U.S.))))) (PP-TMP by (NP 1992))))))))))) ; (S (ADVP-TMP currently) (NP-SBJ it) (VP controls (NP (QP about 2) %))) .)) (TOP (S (NP-SBJ McDonnell Douglas Corp.) (VP received (NP (NP contracts) (VP totaling (NP (QP $ 244.8 million) *U*)) (PP for (NP (NP (NP 72 F-A-18 aircraft) (PP for (NP the Navy)))) and (NP (NP helicopter spare parts) (PP for (NP the Army)))))) .)) (TOP (S (NP-SBJ-1 (NP Aerojet General Corp.) , (NP (NP a unit) (PP of (NP GenCorp Inc.)))) , (VP was (VP awarded (NP *-1) (NP (NP a (ADJP (QP $ 40.1 million) *U*) Air Force contract) (PP for (NP Minuteman missile rocket motors))))) .)) (TOP (S (NP-SBJ Rockwell International Corp.) (VP received (NP (NP a (ADJP (QP $ 26.7 million) *U*) Navy contract) (PP for (NP submarine ballistic missiles)))) .)) (TOP (S (NP-SBJ Honeywell Inc.) (VP got (NP (NP a (ADJP (QP $ 22.3 million) *U*) Navy contract) (PP for (NP aircraft missile warning sets)))) .)) (TOP (S (NP-SBJ (NP Beech Aircraft Corp.) , (NP (NP a unit) (PP of (NP Raytheon Co.))) ,) (VP received (NP (NP an (ADJP (QP $ 11.5 million) *U*) Air Force contract) (PP for (NP C-12 aircraft support)))) .)) (TOP (S (NP-SBJ Analog Devices Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP may (VP purchase (NP (NP (QP as many as one million)) (PP of (NP its common shares))) (PP-TMP over (NP the next several months))))))) .)) (TOP (S (NP-SBJ Analog) (ADVP also) (VP said (SBAR that (S (NP-SBJ (NP a (ADJP (QP one million) share) buy-back program) (VP announced (NP *) (PP-TMP in (NP March)))) (VP is (ADJP-PRD substantially complete))))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP (NP integrated circuits) and (NP other electronic parts))))) ,) (ADVP-TMP now) (VP has (NP (NP (QP about 47 million) common shares) (ADJP outstanding))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Analog Devices) (VP closed (PP-CLR at (NP $ 8.875 *U*)) , (ADVP up (NP 25 cents))) .)) (TOP (S (NP-SBJ (NP (NP (NP John Lehman 's) editorial-page article) (PP on (NP (NP the Pentagon) (PP as (NP a haunted house))))) (S-TTL *ICH*-1) (NP-TMP *ICH*-2)) (VP omits (NP (NP the real roots) (PP of (NP its ghost population))) (PRN -LRB- `` (S-TTL-1 (PP-LOC In (NP the Pentagon)) , (NP-SBJ the Undead) (VP Walk) ,) '' (NP-TMP-2 Oct. 18) -RRB-)) .)) (TOP (S (NP-SBJ-2 (NP (NP (NP The media 's) treatment) (PP of (NP the Defense Department)) (PP-TMP during (NP the Vietnam War))) , (NP (NP (NP the Carter administration 's) denigration) (PP of (NP the military))) , and (NP (NP the public scapegoating) (PP of (NP Lt. Col. Oliver North)))) (VP have all (VP served (S (NP-SBJ *-2) (VP to (VP emasculate (NP (NP the poor souls) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP live (ADVP-LOC there)))))))))) .)) (TOP (S (S (NP-SBJ-1 The resulting haunted house) (VP tends (S (NP-SBJ *-1) (VP to (VP reward (NP followership , not leadership)))))) , (S (NP-SBJ it) (VP (VP creates (NP (NP guilt) (PP about (S-NOM (NP-SBJ *) (VP wearing (NP the uniform)))))) , and (VP raises (NP (NP doubt) (PP about (S-NOM (NP-SBJ *) (VP having (NP the will (S (S (NP-SBJ *) (VP to (VP-4 fulfill (NP (NP (NP the ghosts ') role))))) , i.e. , (S (NP-SBJ-2 *) (VP to (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP win (SBAR-ADV if (S (NP-SBJ-3 *) (VP called (PP-CLR on (NP *-3))))))))))))))))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ the Halloween season) (VP is (NP-PRD (NP a good time) (PP for (S-NOM (NP-SBJ Congress) (VP to (VP be (VP looking (PP-CLR at (NP (NP funding) (PP for (NP some ghostbusting equipment))))))))))) .)) (TOP (NP (NP Mike Greece) (NP Former Air Force Career Officer) (NP-LOC New York))) (TOP (SBARQ (WHADVP-2 Where) (SQ does (NP-SBJ-1 Mr. Lehman) (VP get (PRT off) (S (NP-SBJ *-1) (VP castigating (NP-3 Gen. George Marshall) (PP-PRP for (S-NOM (NP-SBJ *-3) (VP muscling (PRT in) (PP-CLR on (NP naval prerogatives))))))) (ADVP-LOC *T*-2))) ?)) (TOP (S (PP-TMP Ever since (NP (NP the days) (PP of (NP (NP (NP Alfred Thayer Mahan) (PRN -LRB- (NP (NP U.S. naval officer) and (NP naval historian)) -RRB-)) and (NP Teddy Roosevelt))))) (NP-SBJ the Navy) (VP has (VP been (NP-PRD (NP the service) (VP (ADVP most) favored (NP *) (PP by (NP-LGS Washington officialdom)))))) .)) (TOP (S (NP-SBJ Mr. Lehman) (VP overlooks (NP the fact (SBAR that (S (NP-SBJ the Navy) (VP possesses (NP (NP (NP its own air force) (PRN -LRB- (NP the carrier fleet) -RRB-)) and (NP (NP its own army) (PRN -LRB- (NP the Marines) -RRB-) , (SBAR (WHNP-1 which) (S (PP in (NP turn)) (NP-SBJ *T*-1) (VP has (NP its own air force))))))))))) .)) (TOP (S (S (PP Of (NP course)) (NP-SBJ-2 these turf battles) (VP (VP are (ADJP-PRD (ADJP unseemly) , (ADJP wasteful) and (ADJP potentially dangerous))) and (VP should (VP be (VP resolved (NP *-2) (PP-MNR in (NP (NP the interest) (PP of (NP national security))))))))) , but (S (NP-SBJ-1 Mr. Lehman) (VP seems (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP (NP part) (PP of (NP the problem))) (CONJP rather than) (NP (NP part) (PP of (NP the answer))))))))) .)) (TOP (NP (NP L.H. Blum) (NP-LOC (NP Beaumont) , (NP Texas)))) (TOP (S (NP-SBJ I) (VP agree (PP-CLR with (NP Mr. Lehman)) (NP-ADV 100 %)) !)) (TOP (SQ Is n't (NP-SBJ this) (NP-PRD (NP the same guy) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP resigned (PP-CLR as (NP Navy secretary)) (SBAR-PRP because (S (NP-SBJ he) (VP could n't (VP get (NP his 1,000-ship Navy))))))))) ?)) (TOP (S (S (NP-SBJ-1 (NP I) (ADVP personally)) (VP do not (VP want (S (NP-SBJ *-1) (VP to (VP hasten (NP (NP Mr. Lehman 's) demise))))))) , but (S (NP-SBJ I) (VP can (VP see (S (NP-SBJ him) (VP figuring (ADVP-MNR prominently) (PP-LOC-CLR in (NP his own article))))))) .)) (TOP (NP (NP Carl Banerian Jr .) (NP-LOC (NP Birmingham) , (NP Mich .)))) (TOP (S (PP-TMP For (NP (NP the sixth time) (PP-TMP in (NP (ADJP as many) years)))) , (NP-SBJ Continental Airlines) (VP has (NP a new senior executive)) .)) (TOP (SINV (ADJP-PRD-TPC-1 Gone) (VP is (ADJP-PRD *T*-1)) (NP-SBJ (NP D. Joseph Corr) , (NP (NP the airline 's) (NX (NX chairman) , (NX chief executive) and (NX president))) , (VP appointed (NP *) (NP-TMP (ADVP only) last December))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Mr. Corr) (VP resigned (S-PRP (NP-SBJ *-1) (VP to (VP pursue (NP other business interests)))))) , (NP-SBJ the airline) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 He) (VP could not (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (SINV (VP-TPC-2 Succeeding (NP him) (PP-CLR as (NP (NP chairman) and (NP chief executive)))) (VP will (VP be (VP *T*-2))) (NP-SBJ (NP Frank Lorenzo) , (NP (NP (NP chairman) and (NP chief executive)) (PP of (NP (NP (NP Continental 's) parent) , (NP Texas Air Corp))))) .)) (TOP (S (NP-SBJ (NP Mr. Lorenzo) , (ADJP (NP 49 years) old) ,) (VP is (VP reclaiming (NP (NP the job) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (NP-PRD his) (SBAR-TMP before (S (NP-SBJ Mr. Corr) (VP signed (PRT on)))))))))) .)) (TOP (S (NP-SBJ The airline) (ADVP also) (VP named (NP Mickey Foret) (PP-CLR as (NP president))) .)) (TOP (S (NP-SBJ (NP Mr. Foret) , (NP 44)) , (VP is (NP-PRD (NP a 15-year veteran) (PP of (NP (NP Texas Air) and (NP (NP Texas International Airlines) , (NP its predecessor)))))) .)) (TOP (S (ADVP-TMP Most recently) (NP-SBJ he) (VP had (VP been (NP-PRD (NP executive vice president) (PP for (NP planning and finance)) (PP-LOC at (NP Texas Air))))) .)) (TOP (S (NP-SBJ (NP Top executives) (PP-LOC at (NP Continental)) (NP *ICH*-1)) (VP have n't (VP lasted (ADVP-TMP-CLR long) , (NP-1 (NP especially those) (VP recruited (NP *) (PP-CLR from (NP outside)))))) .)) (TOP (S But (NP-SBJ (NP Mr. Corr 's) tenure) (VP was (ADJP-PRD (ADJP shorter) (PP than (NP most)))) .)) (TOP (S (NP-SBJ-1 The 48-year-old Mr. Corr) (VP was (VP hired (NP *-1) (SBAR-PRP largely because (S (NP-SBJ-2 he) (VP was (VP credited (NP-3 *-2) (PP-CLR with (S-NOM (NP-SBJ *-3) (VP returning (NP Trans World Airlines Inc.) (PP-DIR to (NP profitability)) (SBAR-TMP while (S (NP-SBJ he) (VP was (NP-PRD its president) (PP-TMP (PP from (NP 1986)) (PP to (NP 1988))))))))))))))) .)) (TOP (S (PP-TMP Before (NP that)) , (NP-SBJ he) (VP was (NP-PRD (NP an executive) (PP with (NP a manufacturing concern)))) .)) (TOP (S (PP-LOC At (NP Continental)) (NP-SBJ he) (VP (VP cut (NP money-losing operations)) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP helped (S (NP-SBJ *-2) (VP produce (NP a modest profit) (PP-TMP in (NP (NP this year 's) second quarter)))))))) .)) (TOP (S But (NP-SBJ-1 (NP Mr. Corr) , (NP (NP a stunt pilot) (PP-TMP in (NP his spare time)))) , (VP was (VP understood (S (NP-SBJ-2 *-1) (VP to (VP be (VP frustrated (NP *-2) (PP by (SBAR-NOM-LGS (WHNP-3 what) (S (NP-SBJ he) (VP regarded (NP *T*-3) (PP-CLR as (NP (NP limited freedom) (PP-LOC under (NP Mr. Lorenzo)))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ *-1) (ADVP not officially) (NP-PRD (NP an executive) (PP-LOC at (NP Continental))) (PP-TMP during (NP (NP Mr. Corr 's) tenure)))) , (NP-SBJ-1 Mr. Lorenzo) (VP is (VP known (NP-2 *-1) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP keeping (NP (NP close tabs) (PP on (NP (NP Texas Air 's) operating units)))))))) .)) (TOP (S (NP-SBJ-1 Continental) (VP (VP is (NP-PRD (NP Texas Air 's) flagship)) and (VP was (VP built (NP *-1) (ADVP-MNR painfully) (PP-CLR to (NP its present size)) (PP-LOC under (NP Mr. Lorenzo)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP emerging (PP-CLR from (NP bankruptcy proceedings)) (PP-TMP in (NP 1986)))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP 's (ADJP-PRD unclear) (SBAR-2 (WHNP-1 what role) (PRN , (PP if (NP any)) ,) (S (NP-SBJ (NP (NP Mr. Lorenzo 's) recent exploration) (PP of (NP (NP a possible sale) (PP of (NP (NP a stake) (PP-LOC in (NP Continental))))))) (VP had (NP *T*-1) (PP-LOC in (NP (NP Mr. Corr 's) departure)))))) .)) (TOP (S (NP-SBJ (NP One source) (ADJP familiar (PP with (NP the airline)))) (VP said (PRN , (ADVP however) ,) (SBAR that (S (NP-SBJ-1 Mr. Corr) (VP was n't (VP informed (NP *-1) (PP-TMP in (NP advance)) (PP-TMP during (NP the summer)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ Mr. Lorenzo) (VP began (NP (NP discussions) (PP with (NP potential buyers))) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (PP-TMP During (NP his tenure)) , (NP-SBJ-1 Mr. Corr) (VP (VP attempted (PP-MNR through (NP (NP a series) (PP of (NP meetings)))) (S (NP-SBJ *-1) (VP to (VP inform (NP managers) (PP-CLR of (NP (NP some) (PP of (NP (NP the company 's) future plans)))))))) , (VP traveled (ADVP-MNR widely) (S-PRP (NP-SBJ *-1) (VP to (VP talk (PP-CLR to (NP employees)))))) and (VP backed (NP (NP training sessions) (VP designed (NP-2 *) (S-CLR (NP-SBJ *-2) (VP to (VP improve (NP (NP the carrier 's) image)))))))) .)) (TOP (S (NP-SBJ Mr. Foret) (VP is (NP-PRD (NP one) (PP of (NP (NP a handful) (PP of (NP (NP executives) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Lorenzo) (VP has (VP relied (PRT on) (NP *T*-1) (PP-TMP over (NP the years)))))))))))) .)) (TOP (S (ADVP-TMP Previously) , (NP-SBJ he) (VP had (VP served (PP-LOC in (NP financial planning positions)) (PP-LOC at (NP (NP the company 's) Eastern Airlines unit)))) .)) (TOP (S (NP-SBJ (NP Another longtime ally) , (NP Phil Bakes)) , (ADVP-TMP currently) (VP heads (NP (NP Eastern) , (PP-LOC (ADVP-TMP now) in (NP Chapter 11 bankruptcy proceedings)))) .)) (TOP (S (NP-SBJ-1 Mr. Bakes) (ADVP-TMP previously) (VP had (NP (NP a turn) (PP at (S-NOM (NP-SBJ *-1) (VP running (NP Continental)))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Among (NP the other alumni)) (VP are (PP-LOC-PRD *T*-1)) (NP-SBJ (NP (NP Stephen Wolf) , (NP (NP (ADVP-TMP now) chairman) (PP of (NP UAL Inc.)))) , and (NP (NP Thomas Plaskett) , (NP (NP president) (PP of (NP Pan Am Corp))))) .)) (TOP (S (NP-SBJ Doskocil Cos.) (VP said (SBAR 0 (S (NP-SBJ-1 its bank-debt payments) (VP have (VP been (VP extended (NP *-1) (PP-CLR until (NP May 31 , 1990)) , (S-PRP (NP-SBJ *) (VP to (VP give (NP it) (NP (NP more time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP sell (NP its Wilson Foods Corp. retail and fresh meat operations) (ADVP-TMP *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP was (S (NP-SBJ *-1) (VP (VP (VP to (VP repay (NP-2 (NP (QP $ 58 million) *U*) (PP in (NP debt))) (PP-TMP-3 on (NP Dec. 31)))) and (VP (NP=2 (QP $ 15 million) *U*) (PP-TMP=3 on (NP March 31))))))) .)) (TOP (S (NP-SBJ The company) (VP acquired (NP the debt) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 it) (VP paid (NP (QP $ 155 million) *U*) (S-PRP (NP-SBJ *-2) (VP to (VP purchase (NP Wilson)))) (NP-TMP last year) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ An agreement (S (NP-SBJ *) (VP to (VP sell (NP the Wilson assets) (PP-CLR for (NP (NP (QP $ 150 million) *U*) (PP in (NP cash and notes)))))))) (VP collapsed (PP-TMP in (NP late September)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP the buyer) , (NP (NP a company) (VP controlled (NP *) (PP by (NP-LGS George Gillett))))) , (VP could n't (VP secure (NP financing) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP Companies) (VP listed (NP *) (PP-LOC below))) (VP reported (NP (NP quarterly profit) (ADJP substantially different (PP from (NP (NP the average) (PP of (NP (NP analysts ') estimates))))))) .)) (TOP (S (NP-SBJ-1 The companies) (VP (VP are (VP followed (NP *-1) (PP by (NP-LGS (QP at least three) analysts)))) , and (VP had (NP (NP a minimum five-cent change) (PP-LOC in (NP (NP actual earnings) (PP per (NP share))))))) .)) (TOP (S (NP-SBJ-1 (NP Estimated and actual results) (VP involving (NP losses))) (VP are (VP omitted (NP *-1))) .)) (TOP (S (NP-SBJ The percent difference) (VP compares (NP actual profit) (PP-CLR with (NP (NP the 30-day estimate) (SBAR (WHADVP-1 where) (S (NP-SBJ (QP at least three) analysts) (VP have (VP issues (NP forecasts) (PP-TMP in (NP the past 30 days)) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (ADVP Otherwise) , (NP-SBJ-1 actual profit) (VP is (VP compared (NP *-1) (PP-CLR with (NP the 300-day estimate)))) .)) (TOP (S (NP-SBJ (NP Charles D . Way) , (NP (NP president) (PP of (NP this restaurant operator))) ,) (VP assumed (NP (NP the additional post) (PP of (NP chief executive officer)))) .)) (TOP (S (NP-SBJ He) (VP succeeds (NP Alvin A. McCall) (PP-LOC in (NP the position))) .)) (TOP (S (NP-SBJ Mr. McCall) (VP will (VP remain (NP-PRD chairman))) .)) (TOP (S (NP-SBJ-1 (NP Australia 's) inflation) (VP (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP rise (ADJP (ADJP as high) (PP as (NP 8.3 %))) (PP-TMP in (NP (NP the quarter) (VP ending (NP-TMP March 30))))))))) , but (VP could (VP fall (PP-DIR to (NP (QP around 7) %)) (PP-TMP by (NP June)))) , (PP according (PP to (NP economists)))) .)) (TOP (S (NP-SBJ The government) (VP said (SBAR 0 (S (NP-SBJ the consumer price index) (VP (VP rose (NP-EXT-1 2.3 %) (PP-TMP in (NP (NP the quarter) (VP ended (NP-TMP Sept. 30)))) (PP-DIR-2 from (NP-TMP the previous quarter))) and (VP (NP-EXT=1 8 %) (PP-DIR=2 from (ADVP-TMP (NP a year) ago))))))) .)) (TOP (S (NP-SBJ (NP Charles A. Pearce) , (ADJP (NP 66 years) old)) , (VP will (VP retire (PP-CLR from (NP (NP his post) (PP as (NP (NP chief executive officer) (PP of (NP this bank holding company)))))) (ADJP-ADV effective (NP-TMP Dec. 31)))) .)) (TOP (S (NP-SBJ He) (VP will (VP remain (NP-PRD chairman))) .)) (TOP (S (NP-SBJ (NP Charles R. Simpson Jr.) , (NP 46) , (NP (NP president) and (NP chief operating officer))) , (VP will (VP assume (NP (NP the chief executive 's) post))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD a peaceful time) (PP-LOC in (NP (NP this part) (PP of (NP western India))))) .)) (TOP (S (S (NP-SBJ-1 The summer crop) (VP is (VP harvested (NP *-1)))) , (S (NP-SBJ-2 winter sowing) (VP has (ADVP-TMP yet) (S (NP-SBJ *-2) (VP to (VP begin))))) .)) (TOP (S (NP-SBJ-1 (NP Farmers) (PP in (NP (NP loose turbans) and (NP fancy earrings)))) (VP spend (NP their afternoons) (S (NP-SBJ *-1) (VP laughing and gossiping (PP-LOC at (NP the markets))))) .)) (TOP (S (NP-SBJ One) (VP could (VP imagine (NP (NP such a lull) (PP-LOC in (NP (NP the lives) (PP of (NP the Arabs))))) (PP-TMP before (NP (NP the quadrupling) (PP of (NP oil prices)))))) .)) (TOP (S For (SBAR-ADV just as (S (NP-SBJ the Arabs) (VP were (PP-LOC-PRD *?*) (PP-TMP in (NP the 1960s))))) , (NP-SBJ (NP the farmers) (PP of (NP Sidhpur))) (VP are (PP-LOC-PRD on (NP (NP the brink) (PP of (NP global power and fame))))) .)) (TOP (S (NP-SBJ The Arabs) (VP had (NP merely oil)) .)) (TOP (S (NP-SBJ These farmers) (VP may (VP have (NP (NP a grip) (PP on (NP (NP the world 's) very heart))))) .)) (TOP (FRAG Or , (ADVP at least) , (NP its heart disease) .)) (TOP (S (NP-SBJ That) (VP is (SBAR-PRP-PRD because (S (NP-SBJ Sidhpur) (VP has (NP (NP a near-monopoly) (PP-LOC on (NP (NP (NP the world 's) supply) (PP of (NP (NP flea seed) , (VP (ADVP also) known (NP *) (PP-CLR as (NP (NP flea wort) or (PRN , (PP-LOC in (NP Western parlance)) ,) (NP psyllium)))) : (NP (NP a tiny , tasteless , obscure seed) (SBAR (WHNP-1 that) , (S (PP according (PP to (NP early research))) , (NP-SBJ *T*-1) (VP may (VP reduce (NP (NP cholesterol levels) (PP-LOC in (NP the blood))))))))))))))))) .)) (TOP (S (SBAR-TMP Ever since (S (NP-SBJ-1 (NP the link) (PP to (NP cholesterol))) (VP was (VP disclosed (NP *-1))))) , (NP-SBJ-2 Americans) (VP have (VP begun (S (NP-SBJ *-2) (VP scarfing (PRT up) (NP psyllium) (PP-LOC in (NP their breakfast cereals)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ further research) (VP proves (NP (NP the seed 's) benefits)))) , (NP-SBJ this dusty farm district) (VP could (VP become (NP-PRD (NP the epicenter) (PP of (NP (NP a health-food fad) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP rival (NP (NP all fads) (PP-TMP since (NP cod-liver oil)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 This seed) (VP 's not (VP grown (NP *-2) (NP-LOC (NP (NP anywhere else) (PP-LOC in (NP India))) , or (NP (NP anywhere else) (PP-LOC in (NP the world))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP T.V. Krishnamurthy) , (NP (NP a vice president) (PP of (NP (NP Procter & Gamble India Ltd.) , (NP a major (NX (NX psyllium buyer) and (NX promoter))))))) .)) (TOP (S `` (NP-SBJ The proper climatic conditions) (VP do n't (VP exist (PP-LOC in (NP (NP many places) (PP-LOC in (NP the world)))))) . '')) (TOP (S (NP-SBJ (NP Arvind Patel) , (NP (NP a processor and exporter) (PP of (NP the seed))) ,) (VP raves : `` (S (SBAR-ADV If (S (NP-SBJ psyllium) (VP takes (NP (NP the place) (PP of (NP oat bran)))))) , (NP-SBJ it) (VP will (VP be (ADJP-PRD huge))))) . '')) (TOP (S (SBAR-SBJ Whether (S (NP-SBJ psyllium) (VP makes (NP (NP Sidhpur 's) fortune)))) (VP depends (PP-CLR on (NP (NP cholesterol-fearing Americans) , (NP the U.S. Food and Drug Administration) and (PRN , (PP of (NP course)) ,) (NP (NP the outcome) (PP of (NP further research)))))) .)) (TOP (S (NP-SBJ (NP Only one thing) (S *ICH*-1)) (VP is (ADJP-PRD certain) (ADVP-LOC here) : (S-1 (NP-SBJ-2 Pysllium) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP remain (NP-PRD (NP solely an export item) (PP from (NP Sidhpur))) (PP-TMP for (NP a long time))))))))) .)) (TOP (S (NP-SBJ Local farmers) (VP say (SBAR 0 (S (NP-SBJ it) (VP is (NP-PRD (NP as good a cash crop) (PP as (NP (NP mustard) or (NP (NP fenugreek) , (NP a legume))))))))) .)) (TOP (S (S But (NP-SBJ they) (VP have (NP (NP no desire (S (NP-SBJ *) (VP to (VP eat (NP (NP a bowl) (PP of (NP psyllium))) (NP-TMP each morning))))) , and (PRN , (ADVP perhaps) ,) (NP little need)))) : (S (S-ADV (NP-SBJ *-1) (NP-PRD lean , frugal vegetarians)) , (NP-SBJ-1 the farmers) (VP are (NP-PRD innocents) (PP-LOC in (NP (NP the clogged , treacherous world) (PP of (NP cholesterol)))))) .)) (TOP (S (NP-SBJ Psyllium) (VP is (NP-PRD (NP an annual herb) , (NP Plantago ovata) , (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP used (NP *-1) (PP-TMP for (NP centuries)) (PP by (NP-LGS (NP folk doctors) (ADVP-LOC here))) , (PP-CLR (ADVP mainly) as (NP a laxative and anti-diarrheal))))))))) .)) (TOP (S (PP As (NP such)) , (NP-SBJ the soluble fiber) (VP has (NP an (ADVP almost fanatic) following) (PP-LOC in (NP northern India))) .)) (TOP (S-1 `` (NP-SBJ I) (VP can (VP assure (NP you) (PRN , '' (SINV (VP attests (S *T*-1)) (NP-SBJ (NP a 25-year-old lawyer) (PP-LOC in (NP New Delhi))) , (PP-MNR with (NP a (ADJP meaningfully raised) eyebrow))) ,) `` (PP from (NP personal experience)) , (SBAR 0 (S (NP-SBJ it) (VP works))))) . '')) (TOP (S (NP-SBJ (NP A prominent businessman) (PP-LOC in (NP Bombay))) (VP gives (NP (NP a similar testimonial) : `` (S (NP-SBJ I) (VP have (VP been (VP taking (NP it) (ADVP-TMP daily) (PP-TMP since (NP 1961)))))))) .)) (TOP (S '' (NP-SBJ Folk doctors) (ADVP also) (VP prescribe (NP it) (PP-CLR for (NP (NP kidney , bladder and urethra problems) , (NP duodenal ulcers) and (NP hemorrhoids)))) .)) (TOP (S (NP-SBJ Some) (VP apply (NP it) (PP-CLR to (NP gouty joints))) .)) (TOP (S (NP-SBJ The plant) (VP has (NP (NP a hairy stem) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP produces (NP (NP flowers) and (NP diminutive seeds))))))) .)) (TOP (S-CLF (NP-SBJ It) (VP is (NP-PRD (NP (NP the seed 's) colorlessness and size) (PRN -- (S (NP-SBJ (NP 1,000) (PP of (NP them))) (VP weigh (NP (NP (QP only 1.5) grams) , or (NP (NP about as much) (PP as (NP two paper clips)))))) --)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP explain (NP (NP the historical allusions) (PP to (NP fleas))))))) .)) (TOP (S (S (NP-SBJ-1 (NP The transluscent husk) (PP of (NP the seed))) (VP is (VP removed , sifted and crushed (NP *-1)))) ; (S (NP-SBJ-2 (NP the seed) (NP itself)) (VP is (VP fed (NP *-2) (PP-CLR to (NP animals))))) .)) (TOP (S (NP-SBJ-1 (NP (NP (QP Some 90) %) (PP of (NP the crop))) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP was (ADJP-PRD worth (NP (QP $ 26 million) *U*)) (NP-TMP last year)))) ,) (VP is (VP exported (NP *-1))) .)) (TOP (S (PP-TMP For (NP decades)) , (NP-SBJ psyllium husk) (VP has (VP been (NP-PRD (NP the main ingredient) (PP-LOC in (NP (NP such laxatives) (PP as (NP (NP (NP (NP Procter & Gamble Co. 's) Metamucil) , (NP (NP the top-selling brand) (PP-LOC in (NP the U.S.)))) , and (NP (NP Ciba-Geigy Corp. 's) Fiberall)))))))) .)) (TOP (S But (ADVP-TMP (NP some time) ago) , (NP-SBJ researchers) (VP discovered (SBAR that (S (NP-SBJ soluble fibers) (ADVP also) (VP lower (NP (NP cholesterol levels) (PP-LOC in (NP the blood))))))) .)) (TOP (S (S (NP-SBJ Cincinnati-based P&G) (VP took (NP an interest))) ; (S (NP-SBJ it) (VP ordered (NP (NP two studies) (PP on (NP psyllium and cholesterol))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP the studies)) , (VP done (NP *) (PP-LOC at (NP (NP the University) (PP of (NP Minnesota))))) ,) (VP tested (NP (NP 75 people) (PP with (NP raised cholesterol levels)))) .)) (TOP (S (PP-TMP After (NP 16 weeks)) , (NP-SBJ (NP the group) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP took (NP (NP three daily teaspoons) (PP of (NP Metamucil))))))) (VP saw (NP (NP (NP a significant dip) (PP-LOC in (NP their general cholesterol levels))) , and (NP (NP an (ADJP even larger) reduction) (PP-LOC in (NP (NP levels) (PP of (NP (NP low-density lipoproteins) , (NP the so-called bad cholesterol)))))))) .)) (TOP (S (PP-TMP In (NP late 1987)) , (NP-SBJ P&G) (VP asked (NP the FDA) (PP-CLR for (NP approval (S (NP-SBJ *) (VP to (VP market (NP Metamucil) (PP-CLR as (NP (NP the first non-prescription , cholesterol-lowering product) (PP-LOC in (NP the)))))))))))) (TOP (S (PP-TMP In (NP April)) , (NP-SBJ the psyllium bandwagon) (VP got (ADJP-PRD more crowded)) .)) (TOP (S (S (NP-SBJ (NP General Mills Inc.) , (NP the food giant)) , (VP launched (NP (NP (NP a breakfast cereal) (VP called (S (NP-SBJ *) (NP-PRD Benefit)))) , (VP containing (NP (NP psyllium) , (NP oat) , (NP wheat) and (NP beet bran)))))) ; (S (NP-SBJ-1 (NP the words) , `` (S (NP-SBJ *) (VP reduce (NP cholesterol))) '') (VP were (VP (ADVP-MNR prominently) displayed (NP *-1) (PP-LOC on (NP its package))))) .)) (TOP (S (PP-TMP In (NP September)) , (NP-SBJ Kellogg Co.) (VP launched (NP (NP a competing psyllium-fortified cereal) (VP called (S (NP-SBJ *) (NP-PRD Heartwise))))) .)) (TOP (S (ADVP-TMP Suddenly) , (PP-LOC (PP on (NP television)) , (PP in (NP advertisements)) and (PP on (NP their cereal boxes))) , (NP-SBJ-1 Americans) (VP were (VP inundated (NP *-1) (PP-CLR with (NP (NP news) (PP about (NP the obscure seed)))))) .)) (TOP (S (NP-SBJ (NP The flood) (PP of (NP claims and counter-claims))) (VP (VP worried (NP consumers)) and (VP (ADVP actually) hurt (NP (NP sales) (PP of (NP the new cereals))))) .)) (TOP (S (NP-TMP This month) , (NP-SBJ the Food and Drug Administration) (VP expressed (NP concern (SBAR that (S (NP-SBJ Americans) (VP might (ADVP-TMP someday) (PRN , (PP-MNR in (NP various forms)) ,) (VP ingest (NP (ADJP too much) psyllium))))))) .)) (TOP (S (ADVP-TMP Currently) , (NP-SBJ there) (VP is (NP-PRD (NP a lull) (PP-LOC in (NP the psyllium war)))) .)) (TOP (S (NP-SBJ The FDA) (VP has (VP asked (S (NP-SBJ (NP Kellogg) and (NP General Mills)) (VP to (VP show (NP research (SBAR that (S (NP-SBJ their cereals) (VP are (ADJP-PRD safe)))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP ordered (S (NP-SBJ P&G) (VP to (VP produce (NP (NP more studies) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP buttress (NP its claims (SBAR that (S (NP-SBJ Metamucil) (VP can (VP lower (NP cholesterol))))))))))))))) .)) (TOP (S But (NP-SBJ the agency) (VP has n't (VP yanked (NP psyllium) (PP-CLR off (NP store shelves)))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the FDA) (VP approves (NP (NP the new uses) (PP of (NP psyllium)))))) , (NP-SBJ-1 other companies) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP rush (PP-DIR to (NP market)) (PP-MNR with (NP psyllium products))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 It) (VP 's (VP going (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a sensational thing))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Krishnamurthy) (PP of (NP (NP P&G) (PP-LOC in (NP Bombay))))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ psyllium exporter Mr. Patel) : `` (S-1 (NP-SBJ I) (ADVP-TMP just) (VP got (ADVP-DIR back) (NP-TMP yesterday) (PP-DIR from (NP the U.S)))) .)) (TOP (S (PP-LOC (PP In (NP the newspapers)) , (PP on (NP the radio and TV))) , (NP-SBJ psyllium) (VP is (ADVP-LOC-PRD everywhere)) . '')) (TOP (S But (NP-SBJ-1 (NP the news) (PP of (NP the boom))) (VP has (ADVP-TMP yet) (S (NP-SBJ *-1) (VP to (VP trickle (ADVP-DIR-CLR down (PP to (NP the farmers))))))) .)) (TOP (S (S (NP-SBJ They) (VP (ADVP only) know (PP-CLR of (NP (NP one use) (PP for (NP the crop)) , (PP as (NP a laxative)))))) , and (S (PP with (S-NOM (NP-SBJ psyllium prices) (ADVP-TMP currently) (VP languishing (PP-LOC in (NP (NP the wake) (PP of (NP a bumper crop))))))) , (NP-SBJ they) (VP think (PP-CLR of (NP the seed)) (PP-CLR as (NP (NP a marginal crop) , (NP (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP grow (NP *T*-1) (PP-TMP between (NP summer wheat crops))))))))))) .)) (TOP (SINV `` (S (NP-SBJ Psyllium) (VP 's not (NP-PRD a good crop))) , '' (VP complains) (NP-SBJ (NP Sooraji Jath) , (NP (NP a 26-year-old farmer) (PP from (NP (NP the village) (PP of (NP Lakshmipura)))))) . ``)) (TOP (S (S (NP-SBJ You) (VP get (NP a rain) (PP-TMP at (NP the wrong time)))) and (S (NP-SBJ-1 the crop) (VP is (VP ruined (NP *-1)))) . '')) (TOP (S (PP-LOC (ADVP Even) at (NP (NP the Basic Chemicals , Pharmaceuticals and Cosmetics Export Promotion Council) , (NP (NP the government agency) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP promotes (NP the seed))))))) , (NP-SBJ the psyllium boom) (VP is (NP-PRD distant thunder)) .)) (TOP (S (NP-SBJ-1 The staff) (VP brags (PP-CLR about (NP (NP (NP psyllium 's) hefty contribution) (PP to (NP American regularity)))) , (PP without (S-NOM (NP-SBJ *-1) (VP (ADVP quite) grasping (NP (NP the implications) (PP of (NP (NP the research) (PP on (NP cholesterol))))))))) .)) (TOP (S (NP-SBJ (NP The council 's) annual report) (VP has (NP-2 psyllium) (PP-LOC on (NP its last page)) , (S-ADV (NP-SBJ-3 *-2) (VP lumped (NP *-3) (PP-CLR with (NP (NP such unglamorous export items) (PP as (NP (NP sarsaparilla) and (NP `` (NP Nux vomica) , '' (NP (NP a plant) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP induces (NP vomiting))))))))))))) .)) (TOP (S (PP In (NP one way)) , (NP-SBJ-1 (NP the psyllium middlemen) -- (NP the buyers and exporters)) -- (VP are (ADJP-PRD glad (S (NP-SBJ *-1) (VP to (VP keep (NP (NP news) (PP of (NP the boom))) (PP-CLR to (NP themselves))))))) .)) (TOP (S (NP-SBJ They) (VP want (S (NP-SBJ psyllium prices) (ADJP-PRD low)) (PP-PRP for (NP (NP their purchases) (NP-TMP next year)))) .)) (TOP (S But (NP-SBJ there) (VP 's (NP-PRD a catch)) .)) (TOP (S (NP-SBJ (NP Sidhpur) and (NP adjacent districts)) (VP are (NP-PRD (NP the only places) (PP-LOC in (NP the world)) (SBAR (WHADVP-2 where) (S (NP-SBJ-1 psyllium) (VP is (VP grown (NP *-1) (PP-MNR in (NP large quantities)) (ADVP-LOC *T*-2))))))) .)) (TOP (S (NP-SBJ This) (VP is (ADJP-PRD partly due (PP to (NP (NP the particular demands) (PP of (NP the crop)))))) .)) (TOP (S (NP-SBJ Psyllium) (VP needs (NP (NP sandy soil) , (NP (NP dew) (PP-TMP during (NP the first few weeks))) , and (ADVP then) (NP (NP total dryness) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ its seeds) (VP are (VP maturing (ADVP-TMP *T*-1)))))))) .)) (TOP (S (S (NP-SBJ-1 Small crops) (VP are (VP grown (NP *-1) (PP-LOC in (NP Pakistan , France , Spain , Italy , Belgium and Brazil))))) , but (S (NP-SBJ their quality) (VP ca n't (VP compare (PP-CLR to (NP (NP that) (PP of (NP Indian psyllium))))))) .)) (TOP (S (NP-SBJ (NP Big buyers) (PP like (NP Procter & Gamble))) (VP say (SBAR 0 (S (NP-SBJ there) (VP are (NP-PRD (NP other spots) (PP-LOC (PP on (NP the globe)) , and (PP in (NP India))) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 the seed) (VP could (VP be (VP grown (NP *-1) (ADVP-LOC *T*-2))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ It) (VP 's not (NP-PRD (NP a crop) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP ca n't (VP be (VP doubled or tripled (NP *-2))))))))) , '' (VP says (S *T*-3)) (NP-SBJ Mr. Krishnamurthy) .)) (TOP (S But (NP-SBJ no one) (VP has (VP made (NP a serious effort (S (NP-SBJ *) (VP to (VP transplant (NP the crop))))))) .)) (TOP (S (PP-LOC In (NP Sidhpur)) , (NP-SBJ it) (VP is (ADVP almost) (NP-PRD (NP time) (SBAR-TMP (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP sow (NP (NP this year 's) crop) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ-1 (NP Many farmers) , (ADJP too removed (S (NP-SBJ *) (VP to (VP glean (NP (NP (NP psyllium 's) new sparkle) (PP-LOC in (NP the West))))))) ,) (VP have (VP decided (S (NP-SBJ *-1) (VP to (VP plant (NP (NP mustard) , (NP fennel) , (NP cumin) , (NP fenugreek) or (NP castor-oil seeds))))))) .)) (TOP (S (NP-SBJ-1 Mr. Jath) (VP is (VP thinking (PP-CLR of (S-NOM (NP-SBJ *-1) (VP passing (PRT up) (NP psyllium) (ADVP-MNR altogether) (NP-TMP this year) (PP in (NP (NP favor) (PP of (NP (NP a crop) (PP with (NP a future)) (PP such as (NP cumin or fennel))))))))))) .)) (TOP (S `` (ADVP Maybe) (NP-SBJ I) (VP 'll (VP plant (NP castor-oil seeds))) . '')) (TOP (S (NP-SBJ (NP His brother) , (NP Parkhaji) , (SBAR (WHNP-2 whose head) (S (NP-SBJ-1 *T*-2) (VP is (VP swathed (NP *-1) (PP-CLR in (NP a gorgeous crimson turban)))))) ,) (VP nods (NP vigorous assent)) .)) (TOP (S So (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 (NP next year 's) psyllium crop) (VP is (VP harvested (NP *-1) (PP-TMP in (NP March)) (ADVP-TMP *T*-2))))) , (NP-SBJ it) (VP may (VP be (ADJP-PRD (ADJP smaller) (PP than (NP (NP the 16,000 metric tons) (PP of (NP the past few years))))) -- (PP-TMP (ADVP right) at (NP (NP the crest) (PP of (NP the psyllium boom)))))) .)) (TOP (S And (NP-SBJ the world) (VP could (VP experience (NP its first psyllium shortage))) .)) (TOP (S (NP-SBJ Kellwood Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP a (ADJP previously announced) acquisition) (PP of (NP (NP Crowntuft Manufacturing Corp.) , (NP (NP a (ADJP New York-based) maker) (PP of (NP (NP chenille robes) and (NP lounge wear))))))))))) .)) (TOP (S (NP-SBJ The apparel maker) (VP would n't (VP disclose (NP (NP terms) (PP of (NP the agreement))))) .)) (TOP (S (NP-SBJ Kellwood) (VP said (SBAR 0 (S (NP-SBJ-1 (NP Gabriel Hakim Sr.) , (NP (NP president) (PP of (NP Crowntuft)))) , (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP head (NP (NP Crowntuft 's) management group))))))))) .)) (TOP (S (NP-SBJ-1 (NP A seat) (PP-LOC on (NP the Chicago Mercantile Exchange))) (VP was (VP sold (NP *-1) (PP-CLR for (NP $ 416,000 *U*)) , (ADVP down (NP $ 36,000 *U*) (PP from (NP the previous sale) (NP-TMP Oct))))) .)) (TOP (S (NP-SBJ-1 Seats) (ADVP-TMP currently) (VP are (VP quoted (NP *-1) (PP-CLR at (NP (NP (NP $ 410,000 *U*) (VP bid (NP *))) , (NP (NP $ 425,000 *U*) (VP asked (NP *))))))) .)) (TOP (S (NP-SBJ-1 (NP The record price) (PP for (NP (NP a full membership) (PP-LOC on (NP the exchange))))) (VP is (NP-PRD $ 550,000 *U*) , (S-ADV (NP-SBJ *-1) (VP set (NP-TMP (NP March 9) , (NP 1989))))) .)) (TOP (S (NP-SBJ Small businesses) (VP say (SBAR 0 (S (NP-SBJ a recent trend) (VP is (PP-PRD like (NP (NP (NP a dream) (VP come (ADJP-PRD true))) : (NP (NP more-affordable rates) (PP for (NP employee-health insurance))))) , (ADVP-TMP initially (ADVP at least)))))) .)) (TOP (S But then (NP-SBJ they) (VP wake (ADVP-CLR up) (PP-CLR to (NP a nightmare))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The reasonable first-year rates) (VP can (VP be (VP followed (NP *-1) (PP by (NP-LGS (NP increases) (PP of (NP (NP 60 %) (QP or more))))) (SBAR-ADV if (S (NP-SBJ a covered employee) (VP files (NP a major claim)))))))) , (NP-SBJ they) (VP complain (S *T*-2)) .)) (TOP (S (NP-SBJ (NP Insurance premiums) (PP for (NP one small Maryland concern))) (VP went (PRT up) (NP-EXT 130 %) (PP-TMP in (NP (QP less than two) years)) , (S-ADV (NP-SBJ the last increase) (VP coming (SBAR-TMP after (S (NP-SBJ (NP one) (PP of (NP its three workers))) (VP developed (NP a herniated disk))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD a distinct possibility (SBAR that (S (NP-SBJ I) (VP may (VP lose (NP my job) (PP-PRP over (NP this))))))))) , '' (NP-SBJ (NP the employee) , (NP Karen Allen) , (PP of (NP (NP Floor Covering Resources) , (NP-LOC (NP Kensington) , (NP Md.))))) , (ADVP-TMP recently) (VP told (NP a congressional hearing) (S *T*-1)) .)) (TOP (S (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ her employer) (VP ca n't (VP afford (NP the rate increases))))))) , and (S (NP-SBJ she) (VP fears (SBAR 0 (S (NP-SBJ she) (VP wo n't (VP find (NP (NP another job) (PP with (NP (NP a benefit plan) (VP covering (NP her ailment))))))))))) .)) (TOP (S (PP For (NP (NP employee and employer) (ADVP alike))) , (NP-SBJ the worry) (VP is (ADJP-PRD widespread)) .)) (TOP (S (NP-SBJ Surveys) (ADVP-TMP repeatedly) (VP show (SBAR that (S (NP-SBJ small-business owners) (VP rank (NP the (NX (NX availability (PP *RNR*-1)) and (NX rising cost (PP *RNR*-1)) (PP-1 of (NP health insurance)))) (PP-CLR as (NP (NP one) (PP of (NP their biggest concerns)))))))) .)) (TOP (S (NP-SBJ (NP (NP The House Energy and Commerce Committee 's) health subcommittee) , (VP headed (NP *) (PP by (NP-LGS (NP Democratic Rep. Henry Waxman) (PP of (NP California))))) ,) (VP is (VP looking (PP-CLR into (NP complaints (SBAR that (S (NP-SBJ small businesses) (VP (CONJP not only) (VP ca n't (VP keep (NP (ADJP reasonably priced) employee-health insurance) (SBAR-ADV if (S (NP-SBJ-1 claims) (VP are (VP filed (NP *-1))))))) , but (VP (ADVP-TMP often) ca n't (VP get (NP coverage) (ADVP at all) (SBAR-ADV if (S (NP-SBJ-2 a worker) (VP is (VP termed (S (NP-SBJ *-2) (ADJP-PRD medically uninsurable))))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP have (NP (NP (NP an old-fashioned name) (PP for (NP (NP people) (PP-LOC in (NP that position))))) : (NP (NP sick people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP need (NP health insurance)))))))) , '' (NP-SBJ Rep. Waxman) (VP says (S *T*-2)) . ``)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ we) (VP 're (VP seeing (NP *T*-1) (ADVP-TMP now))))) (VP makes (NP (NP a mockery) (PP of (NP (NP the idea) (PP of (NP insurance))))) : (S-ADV (NP-SBJ *) (VP (VP collect (NP premiums) (PP-CLR from (NP the healthy))) , (VP dump (NP the sick)) and (VP let (S (NP-SBJ them) (VP pay (NP their own bills))))))) . '')) (TOP (S (NP-SBJ Some lawmakers) (VP may (VP seek (NP (NP legislation) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP limit (NP overly restrictive insurance policies) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (NP-SBJ The concern) (VP grows (PP-CLR out (PP of (NP (NP increased efforts (S *ICH*-1)) (PP by (NP the insurers)) (S-1 (NP-SBJ *) (VP to (VP woo (NP the small-business market)))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ-2 larger companies) (VP (ADVP-MNR increasingly) (VP self-insure) , or (VP use (NP reserves) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP pay (NP (NP their own workers ') medical bills)))))))) , (NP-SBJ the insurance industry) (VP has (VP turned (PP-CLR to (NP (NP the small-employer market) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (ADVP-TMP once) (NP-PRD a backwater) (PP for (NP them))))))))) .)) (TOP (SINV `` (S-TPC (S (NP-SBJ Insurance companies) (VP will (VP offer (NP a good rate) (SBAR-ADV if (S (NP-SBJ no one) (VP is (ADJP-PRD sick))))))) , but (S (NP-SBJ it) (VP 's (NP-PRD (NP a roll) (PP of (NP the dice)))))) , '' (VP says) (NP-SBJ (NP Rosemary Heinhold) (PP of (NP (NP the Small Business Service Bureau) , (NP (NP a group) (VP representing (NP (NP 35,000 small businesses) (ADVP-LOC nationwide))))))) .)) (TOP (FRAG `` (NP (NP One case) (PP of (NP (NP cancer) or (NP (NP a high-risk pregnancy) (PP with (NP a sick infant)))))) , and (S (NP-SBJ rates) (VP go (ADVP-CLR up (NP (QP 40 % to 60 %) *U*)))) .)) (TOP (S (NP-SBJ-1 Small-business people) (VP end (PRT up) (S (NP-SBJ *-1) (VP paying (NP (NP insurance premiums) (ADJP worth (NP (NP (QP two to three times) the cost) (PP of (NP one illness)))))))) . '')) (TOP (S (PP In (NP addition)) , (NP-SBJ the group) (VP says (SBAR 0 (S (NP-SBJ-1 (NP some) (PP of (NP its member companies))) (VP have (VP been (VP denied (NP *-1) (NP insurance) (SBAR-PRP because (S (NP-SBJ individual workers) (VP had (NP (NP medical problems) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP ranged (PP (PP from (NP a mild cardiac condition)) (PP to (NP (NP (NP psychological counseling) (PP-TMP after (NP a divorce))) , (NP hemorrhoids) and (NP overweight))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The Health Insurance Association) (PP of (NP America)) , (NP (NP an insurers ') trade group) ,) (VP acknowledges (SBAR that (S (NP-SBJ (NP stiff competition (S *ICH*-1)) (PP-LOC among (NP its members)) (S-1 (NP-SBJ *) (VP to (VP insure (NP (NP businesses) (ADJP likely (S (NP-SBJ *) (VP to (VP be (NP-PRD good risks) (PP-TMP during (NP (NP the first year) (PP of (NP coverage))))))))))))) (VP has (VP aggravated (NP (NP the problem) (PP-LOC in (NP the small-business market)))))))) .)) (TOP (S But (NP-SBJ it) (VP says (SBAR that (S (NP-SBJ rapid rate increases) (VP are (ADVP-MNR directly) (VP tied (PP-CLR to (NP (NP the soaring cost) (PP of (NP health care))))))))) .)) (TOP (S (NP-SBJ Some business analysts) (VP blame (NP the problem) (PP-CLR on (NP (NP tough competition) (PP-LOC in (NP the insurance market))))) .)) (TOP (S (NP-SBJ They) (VP say (SBAR 0 (S (NP-SBJ insurance companies) (VP use (NP (NP policies) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP excluding (NP bad risks)))))) (SBAR-PRP because (S (NP-SBJ their competitors) (VP do (VP *?*)))))))) .)) (TOP (S But (NP-SBJ the general practice) (VP makes (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD more difficult) (S-1 (NP-SBJ-2 *) (VP to (VP combine (NP (NP small groups) (PP of (NP people))) (PP-CLR into (NP larger groups)) , (S-ADV (ADVP thus) (NP-SBJ *-2) (VP spreading (NP the risk) (PP-CLR over (NP (NP a larger base) (PP of (NP premiums))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 'm not (VP accusing (NP insurers) (PP-CLR of (NP (NP dereliction) (PP of (NP duty))))))) , '' (NP-SBJ (NP Robert Patricelli) (PP of (NP (NP the U.S. Chamber) (PP of (NP Commerce))))) (VP told (NP (NP Mr. Waxman 's) panel) (S *T*-1)) .)) (TOP (S `` (NP-SBJ You) (VP ca n't (VP ask (S (NP-SBJ one carrier) (VP to (VP underwrite (PP-PRP on (NP social grounds))))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ that) (VP might (VP destroy (NP it) (PP-LOC in (NP the marketplace)) (ADVP-TMP *T*-1))))))) . '')) (TOP (S (NP-SBJ (NP Rep. Waxman) and (NP (NP Democratic Sen. Edward Kennedy) (PP of (NP Massachusetts)))) (VP have (VP proposed (NP (NP regulation) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP deal (PP-CLR with (NP the problem))))))))) .)) (TOP (S (NP-SBJ The proposal) (VP is (NP-PRD (NP just part) (PP of (NP (NP legislation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP require (S (NP-SBJ businesses) (VP to (VP provide (NP health benefits)))))))) , (NP an idea (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP is (VP (ADVP-MNR strongly) opposed (NP *-4) (PP by (NP-LGS (NP small business) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP say (SBAR 0 (S (NP-SBJ it) (VP would (ADVP just) (VP compound (NP the insurance-cost problems))))))))))))))))))) .)) (TOP (S But (NP-SBJ small-business lobbyists) (VP say (SBAR 0 (S (NP-SBJ they) (VP support (NP (NP the idea) , (VP included (NP *) (PP-CLR in (NP the Kennedy-Waxman bill))) , (PP of (NP (NP new laws or regulations) (VP requiring (NP (NP greater use) (PP of (NP (NP community rating) , (SBAR (WHNP-2 which) (S (S (NP-SBJ *T*-2) (VP pegs (NP rates) (PP-CLR to (NP (NP the use) (PP of (NP health care)) (PP by (NP (NP a community) or (NP other large group))))))) , and (S (NP-SBJ-3 *T*-2) (VP is (VP designed (NP-1 *-3) (S-CLR (NP-SBJ *-1) (VP to (VP prevent (NP-4 insurance companies) (PP-CLR from (S-NOM (NP-SBJ *-4) (VP taking (NP only low-risk small companies) (PP-CLR as (NP clients)))))))))))))))))))))))) .)) (TOP (SINV-2 But (ADVP-PRD-TPC-1 first) (PP-LOC on (NP (NP the list) (PP of (NP priorities)))) (PRN , (SINV (VP says (SBAR 0 (SINV *T*-2))) (NP-SBJ (NP the National Federation) (PP of (NP Independent Business)))) ,) (VP is (ADVP-PRD *T*-1)) (S-SBJ (NP-SBJ *) (VP to (VP prohibit (NP (NP state laws) (VP requiring (NP (NP the inclusion) (PP of (NP (NP specialty items) , (PP such as (NP psychiatric care)) ,)) (PP in (NP basic health plans)))))))) .)) (TOP (S-1 (NP-SBJ Such requirements) (PRN , (S (NP-SBJ they) (VP argue (SBAR 0 (S *T*-1)))) ,) (VP make (S (NP-SBJ (NP it) (S *EXP*-2)) (ADJP-PRD difficult) (S-2 (NP-SBJ *) (VP to (VP provide (NP a basic , low-cost health-benefits package)))))) .)) (TOP (SINV `` (S-2 (S (SBAR-TMP Before (S (NP-SBJ (NP the state) (PP of (NP Wisconsin))) (VP mandated (SBAR that (S (NP-SBJ-1 mental-health care) (VP be (VP covered (NP *-1)))))))) , (NP-SBJ there) (VP were (NP-PRD (QP only 70) mental-health clinics) (PP-LOC in (NP the state)))) ; (S (ADVP-TMP now) (NP-SBJ there) (VP are (NP-PRD 400)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Carolyn Miller) , (NP an NFIB lobbyist)) .)) (TOP (S (NP-SBJ She) (VP contends (SBAR that (S (NP-SBJ similar mandates) (VP have (VP (VP driven (PRT up) (NP insurance costs) (NP-EXT-1 20 %) (PP-LOC-2 in (NP Maryland))) and (VP (NP-EXT=1 30 %) (PP-LOC=2 in (NP California)))))))) .)) (TOP (S (NP-SBJ The insurance-industry association) (ADVP also) (VP (ADVP-MNR strongly) disagrees (PP-CLR with (NP (NP the proposed community rating) , (SBAR (WHNP-1 which) (SINV `` (S-2 (NP-SBJ *T*-1) (VP does n't (VP save (NP one dollar)))) , '' (VP argues (S *T*-2)) (NP-SBJ (NP James Dorsch) , (NP (NP HIAA 's) Washington counsel))))))) .)) (TOP (S `` (NP-SBJ It) (VP (ADVP just) (VP makes (S (NP-SBJ healthy businesses) (VP subsidize (NP unhealthy ones)))) and (VP gives (NP each employer) (NP less incentive (S (NP-SBJ *) (VP to (VP keep (S (NP-SBJ his workers) (ADJP-PRD healthy)))))))) . '')) (TOP (S (NP-SBJ Mr. Dorsch) (VP says (SBAR 0 (S (NP-SBJ the HIAA) (VP is (VP working (PP-CLR on (NP a proposal (S (NP-SBJ *) (VP to (VP establish (NP (NP a (ADJP privately funded) reinsurance mechanism) (SBAR (WHNP-2 0) (S (NP-SBJ-3 *T*-2) (VP to (VP help (S (NP-SBJ *-3) (VP cover (NP (NP small groups) (SBAR (WHNP-1 that) (S (NP-SBJ-4 *T*-1) (VP ca n't (VP get (NP insurance) (PP without (S-NOM (NP-SBJ *-4) (VP excluding (NP certain employees)))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The complexities) (PP of (NP the insurance problem))) (VP make (S (NP-SBJ the outcome) (ADJP-PRD difficult (S (NP-SBJ *) (VP to (VP predict)))))) .)) (TOP (S But (PP to (NP (NP Ms. Allen) , (NP (NP the employee) (SBAR (WHNP-1 whose back problem) (S (NP-SBJ *T*-1) (VP triggered (NP a huge insurance-rate increase))))) ,)) (NP-SBJ the issue) (VP was (ADJP-PRD simple)) .)) (TOP (SBARQ-2 `` (WHNP-1 What good) (SQ (VP is (NP-PRD *T*-1)) (S-NOM-SBJ (NP-SBJ *) (VP having (NP health insurance))) (PRN , '' (S (NP-SBJ she) (VP asked (SBARQ *T*-2))) ,) `` (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ it) (VP 's (ADJP-PRD (ADJP so expensive) (SBAR that (S (NP-SBJ it) (VP becomes (ADJP-PRD impossible (SBAR (WHNP-4 0) (S (NP-SBJ *) (VP to (VP keep (NP *T*-4)))))))))) (PP-TMP after (NP (QP only one) major claim)) (ADVP-TMP *T*-3))))) ?)) (TOP (S (S-TPC-1 (NP-SBJ The Belgian consumer price index) (VP (VP rose (NP-EXT a provisional 0.1 %) (PP-TMP in (NP October)) (PP-DIR from (NP-TMP the previous month))) and (VP was (ADVP-PRD up (NP 3.64 %) (PP from (NP-TMP October 1988)))))) , (NP-SBJ (NP the Ministry) (PP of (NP Economic Affairs))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP The index) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP uses (NP (NP a base) (PP of (NP 1981))) (PP-CLR as (NP 100))))) ,) (VP was (VP calculated (NP *-1) (PP-CLR at (NP 140.91 points)) (PP-TMP in (NP October)) , (PP-DIR from (NP 140.74) (PP-TMP in (NP September))))) .)) (TOP (S (NP-SBJ Annual inflation) (VP rose (PP-DIR to (NP 3.64 %) (PP-TMP in (NP October))) (PP-DIR from (NP 3.55 %) (PP-TMP in (NP September)))) .)) (TOP (S (S (NP-SBJ (NP Belgium 's) inflation) (VP has (VP been (VP rising (ADVP-MNR steadily) (PP-TMP for (NP the past year)))))) , but (S (NP-SBJ the ministry) (VP said (SBAR 0 (S (NP-SBJ the latest rise) (VP is (ADJP-PRD (ADJP slower) (PP than (NP (NP gains) (PP-TMP in (NP September and August)))))))))) .)) (TOP (S (NP-SBJ (NP Nashua Corp.) , (VP rumored (S (NP-SBJ *) (NP-PRD a potential takeover target)) (PP-TMP for (NP six months))) ,) (VP said (SBAR that (S (NP-SBJ a Dutch company) (VP has (VP sought (NP U.S. approval (S (NP-SBJ *) (VP to (VP buy (NP (NP (QP up to 25) %) (PP of (NP (NP Nashua 's) shares)))))))))))) .)) (TOP (S (NP-SBJ-1 Nashua) (ADVP-TMP immediately) (VP responded (PP-MNR by (S-NOM (NP-SBJ *-1) (VP (VP strengthening (NP a poison-pill plan)) and (VP saying (SBAR 0 (S (NP-SBJ it) (VP will (VP buy (ADVP-CLR back) (NP (NP (NP (QP up to one million)) (PP of (NP its shares))) , or (NP (NP 10.4 %) (PP of (NP (NP the (QP 9.6 million)) (ADJP outstanding)))))))))))))) .)) (TOP (S (NP-SBJ (NP Nashua) , (SBAR (WHNP-1 whose major business) (S (NP-SBJ *T*-1) (VP is (S-PRD (NP-SBJ *) (VP selling (NP (NP copiers) , (NP facsimile machines) and (NP related supplies))))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP Reiss & Co . B.V.) (PP of (NP the Netherlands))) (VP filed (NP (NP a request) (PP *ICH*-2)) (PP-CLR with (NP the Federal Trade Commission)) (PP-LOC under (NP the Hart-Scott-Rodino Act)) (PP-2 for (NP permission (S (NP-SBJ *) (VP to (VP buy (NP (NP (NP (QP more than $ 15 million) *U*) (PP of (NP (NP Nashua 's) stock))) but (NP (QP less than 25) %))))))))))) .)) (TOP (S (ADVP-TMP Previously) , (NP-SBJ (NP an affiliate) (PP of (NP Unicorp Canada))) (VP disclosed (NP (NP a stake) (PP of (NP (QP less than 5) %)) (PP in (NP Nashua))) , (PP according (PP to (NP (NP Daniel M. Junius) , (NP (NP Nashua 's) treasurer))))) .)) (TOP (S (NP-SBJ-1 (NP Nashua 's) stock) (VP has (VP fluctuated (ADVP-MNR sharply) (PP on (NP takeover speculation)) , (S-ADV (NP-SBJ *-1) (VP rising (PP-DIR to (NP (NP a high) (PP for (NP the year)) (PP of (NP (NP $ 42.875 *U*) (NP-ADV a share)))) (PP-TMP in (NP June))) (PP-DIR from (NP $ 29.75 *U*) (PP-TMP in (NP March))))))) .)) (TOP (S But (NP-SBJ the company) (VP has (VP had (NP weak results) (ADVP-TMP so far) (NP-TMP this year) , (PP with (S-NOM (NP-SBJ earnings) (VP declining (NP-EXT 43 %) (PP-DIR to (NP (NP (QP $ 13.7 million) *U*) , or (NP (NP $ 1.43 *U*) (NP-ADV a share)))) , (PP on (NP (NP a (ADJP 4 %) decline) (PP in (NP revenue)) (PP-DIR to (NP (QP $ 713.5 million) *U*) (PP-TMP through (NP (NP the first nine months) (PP of (NP the year)))))))))))) .)) (TOP (S (S (NP-SBJ-1 Its stock) (VP has (VP slumped (ADVP-TMP recently) , (S-ADV (NP-SBJ *-1) (VP closing (ADJP unchanged) (NP-TMP Friday) (PP-CLR at (NP (NP $ 29 *U*) (NP-ADV a share))) (PP-LOC in (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange))))))) ; (S (PP-LOC at (NP that price)) , (NP-SBJ the company) (VP has (NP (NP a market value) (PP of (NP (QP about $ 278.4 million) *U*))))) .)) (TOP (S (NP-SBJ Nashua) (VP announced (NP the Reiss request) (SBAR-TMP after (S (NP-SBJ the market) (VP closed)))) .)) (TOP (S (NP-SBJ Mr. Junius) (VP said (SBAR 0 (S (NP-SBJ (NP Nashua 's) `` intention) (VP is (S-PRD (NP-SBJ *) (VP to (VP remain (NP-PRD an independent public company)))))))) . '')) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP amended (NP its shareholder rights plan) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP reducing (PP-CLR (PP to (NP 10 %)) (PP from (NP 20 %))) (NP (NP the level) (PP of (NP (NP ownership) (PP by (NP an outsider)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP trigger (NP (NP the issuance) (PP to (NP other holders)) (PP of (NP rights (S (NP-SBJ *) (VP to (VP buy (NP (NP additional shares) (PP of (NP Nashua common))) (PP-CLR at (NP half price)))))))))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP the company 's) board) (VP authorized (NP (NP the purchase) (PP of (NP (QP up to an additional one million) shares)))) .)) (TOP (S (PP-LOC Under (NP (NP (NP a program) (VP approved (NP *) (PP by (NP-LGS the company)) (PP-TMP in (NP 1987)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP did n't (VP specify (NP a share amount))))))) , (NP-SBJ Nashua) (VP had (VP purchased (NP 481,000 shares) (PP-TMP through (NP Sept. 29)))) .)) (TOP (S (NP-SBJ (NP Alex Henderson) , (NP (NP an analyst) (PP-LOC at (NP Prudential-Bache Securities))) ,) (VP said (SBAR that (S (SBAR-ADV while (S (NP-SBJ (NP (NP Nashua 's) performance) (NP-TMP this year)) (VP has (VP been `` (ADJP-PRD atrocious))))) , '' (NP-SBJ the company) (ADVP nonetheless) (VP is (ADJP-PRD attractive (PP as (NP a `` classic breakup candidate))) (SBAR-PRP because (S (NP-SBJ there) (VP 's (NP-PRD (NP no similarity) (PP-LOC between (NP its -LCB- four -RCB- businesses)))))))))) . '')) (TOP (S (NP-SBJ He) (VP estimated (NP the breakup value) (PP-CLR at (NP (NP $ 55 *U*) (NP-ADV a share)))) .)) (TOP (S (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ *-3) (VP (VP selling (NP-1 Japanese-made (NX (NX photocopiers) and (NX facsimile machines))) (PP-LOC-2 in (NP Europe))) and (VP (NP=1 copier supplies) (PP-LOC=2 in (NP the U.S.)))))))) , (NP-SBJ-3 Nashua) (VP has (NP (NP three other major businesses) : (NP (NP labels and tapes) , (NP (NP data storage disks) (PP for (NP computers))) and (NP mail-order photofinishing)))) .)) (TOP (S (NP-SBJ The (ADJP closely held) supermarket chain) (VP named (S (NP-SBJ Frank Nicastro) (NP-PRD (NP vice president) and (NP treasurer)))) .)) (TOP (S (NP-SBJ The 47-year-old Mr. Nicastro) (VP joins (NP Grand Union) (PP from (NP (NP Singer Co.) , (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ he) (VP was (NP-PRD treasurer) (ADVP-LOC *T*-1))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The current account deficit) (PP-LOC on (NP (NP (NP France 's) balance) (PP of (NP payments))))) (VP narrowed (PP-DIR to (NP (NP (QP 1.48 billion) French francs) (PRN -LRB- (NP (QP $ 236.8 million) *U*) -RRB-)) (PP-TMP in (NP August))) (PP-DIR from (NP a revised (QP 2.1 billion) francs) (PP-TMP in (NP July))))) , (NP-SBJ the Finance Ministry) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP-TMP Previously) , (NP-SBJ-1 the July figure) (VP was (VP estimated (NP *-1) (PP-CLR at (NP (NP a deficit) (PP of (NP (QP 613 million) francs)))))) .)) (TOP (S (NP-SBJ (NP Seasonally adjusted figures) (PP for (NP August))) (VP were n't (ADJP-PRD available) (PP-PRP because of (NP (NP a recent strike) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP disrupted (NP (NP the ministry 's) data collection)))))))) .)) (TOP (S (NP-SBJ (NP Weisfield 's) Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (PP-PRD in (NP (NP preliminary discussions) (PP regarding (NP (NP the possible sale) (PP of (NP the company)))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP the retail jeweler))) (VP said (SBAR (SBAR 0 (S (NP-SBJ the company) (VP would (VP provide (NP more details) (NP-TMP today))))) and (SBAR that (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP reach (NP a definitive agreement) (PP-TMP by (NP (NP the end) (PP of (NP the week)))))))))))) .)) (TOP (S (PP-LOC In (NP over-the-counter trading)) (NP-TMP Friday) , (NP-SBJ Weisfield 's) (VP gained (NP $ 9.50 *U*) (PP-DIR to (NP $ 39 *U*))) .)) (TOP (S (PP-LOC At (NP that price)) , (NP-SBJ the company) (VP has (NP (NP an indicated value) (PP of (NP (QP $ 42.9 million) *U*)))) .)) (TOP (S (NP-SBJ Weisfield 's) (VP had (NP (NP (QP about 1.1 million) shares) (ADJP outstanding)) (PP-TMP as (PP of (NP July 31)))) .)) (TOP (S (NP-SBJ-1 The stock) (VP gained (NP $ 2.75 *U*) (NP-TMP Thursday) (S-PRP (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP a (ADJP then-52 week) high)))))) .)) (TOP (S (PP-TMP In (NP (NP the aftermath) (PP of (NP (NP the Beijing massacre) (PP-TMP on (NP June 4)))))) , (NP-SBJ economists) (VP advanced (NP (NP (ADJP wildly divergent) views) (PP on (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ-1 Hong Kong) (VP would (VP be (VP affected (NP *-1) (ADVP-MNR *T*-2))))))))) .)) (TOP (SINV (PP-PRD-TPC-1 Among (NP the most upbeat)) (VP was (PP-PRD *T*-1)) (NP-SBJ BT Brokerage (PRN -LRB- Asia -RRB-) Ltd) .)) (TOP (S (PP-LOC In (NP a June 5 reaction)) , (NP-SBJ the Bankers Trust Co. unit) (VP proclaimed (S (NP-SBJ the economy) `` (ADJP-PRD shockproof))) . '')) (TOP (S (NP-SBJ Others) (VP were (ADJP-PRD more cautious)) .)) (TOP (S (PP-LOC In (NP (NP a July analysis) (VP titled (S (NP-SBJ *) `` (PP-TTL-PRD (PP From (NP Euphoria)) (PP to (NP Despair))))))) , '' (NP-SBJ (NP W.I. Carr (PRN -LRB- Far East -RRB-) Ltd.) , (NP another securities firm) ,) (VP said (SBAR that (S (NP-SBJ eroding confidence) (VP might (VP undermine (NP future economic development)))))) .)) (TOP (S (NP-TMP Today) , (PP with (S-NOM (NP-SBJ (NP business activity) (PP-LOC in (NP Hong Kong))) (VP staggering (ADVP-CLR along) (PP-MNR at (NP an uneven pace))))) , (NP-SBJ-1 (NP the economy) (NP itself)) (VP seems (S (NP-SBJ-2 *-1) (VP locked (NP *-2) (PP-CLR in (NP (NP a struggle) (PP-LOC between (NP hope and fear))))))) .)) (TOP (S (NP-SBJ-1 Manufacturers) (VP have (VP survived (NP (NP the turmoil) (PP-LOC in (NP China))) (S-MNR (NP-SBJ *-1) (ADJP-PRD largely unscathed)))) .)) (TOP (S (NP-SBJ (NP Signs) (PP of (NP revival))) (VP seem (ADJP-PRD evident) (PP-LOC in (NP (NP Hong Kong 's) hard-hit hotel sector))) .)) (TOP (S But (PP-LOC in (NP the stock and real-estate markets)) , (NP-SBJ activity) (VP remains (ADJP-PRD spotty) (SBAR-ADV even though (S (NP-SBJ prices) (VP have (VP regained (NP (NP much) (PP of (NP their lost ground)))))))) .)) (TOP (S (NP-SBJ (NP Waning demand) (VP reported (NP *) (PP by (NP-LGS (NP importers) , (NP retailers) and (ADVP even) (NP fancy restaurants))))) (ADVP all) (VP reinforce (NP (NP a profile) (PP of (NP (NP a community) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (VP (ADVP-MNR sharply) tightening (NP its belt))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ many economists and businessmen) (VP see (NP it)))) , (NP-SBJ those incongruities) (VP underscore (NP (NP a paradox) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP seems (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP bedevil (NP the economy) (PP-TMP throughout (NP the 1990s))))))))))) .)) (TOP (S (NP-SBJ That paradox) (VP is (NP-PRD (NP (NP Hong Kong 's) (ADJP (ADJP economically rewarding) yet (ADJP politically perilous)) relationship) (PP with (NP China)))) .)) (TOP (S (PP As (NP (NP a model) (PP of (NP capitalist efficiency)) (PP-LOC on (NP (NP southern China 's) doorstep)))) , (NP-SBJ (NP Hong Kong 's) prospects) (VP look (ADJP-PRD good)) .)) (TOP (S (NP-SBJ (NP China 's) land and labor) (VP offer (NP (NP inexpensive alternatives) (PP to (NP local industry)))) .)) (TOP (S (NP-SBJ China-bound freight) (VP streams (PP-DIR through (NP (NP the territory 's) port))) .)) (TOP (S (PP-TMP In (NP (NP the decade) (SBAR-TMP since (S (NP-SBJ the communist nation) (VP emerged (PP-DIR from (NP isolation))))))) , (NP-SBJ (NP its burgeoning trade) (PP with (NP the West))) (VP has (VP lifted (NP (NP Hong Kong 's) status) (PP-CLR as (NP a regional business center)))) .)) (TOP (S (NP-SBJ These benefits) (VP seem (ADJP-PRD secure) (PP despite (NP (NP China 's) current (ADJP economic and political) troubles))) .)) (TOP (S But (PP to (NP Hong Kong)) , (NP-SBJ China) (VP is n't (NP-PRD purely business)) .)) (TOP (S (NP-SBJ It) (VP is (ADVP also) (NP-PRD (NP the sovereign power) (SBAR (WHNP-1 that) (S (PRN , (SINV come (NP-SBJ 1997)) ,) (NP-SBJ *T*-1) (VP will (VP take (PRT over) (NP this British colony))))))) .)) (TOP (S (NP-SBJ (NP China 's) leaders) (VP have (VP promised (NP generous liberties) (PP-CLR for (NP post-1997 Hong Kong)))) .)) (TOP (S (NP-SBJ That promise) (VP sounds (ADJP-PRD shaky) (SBAR-PRP (ADVP-TMP now) that (S (NP-SBJ-1 those same leaders) (VP have (VP fallen (ADVP-CLR back (PP on (NP (NP Marxist dogma) and (NP brute force)))) (S-PRP (NP-SBJ *-1) (VP to (VP crush (NP (NP their nation 's) democracy movement))))))))) .)) (TOP (S (NP-SBJ (NP Outflows) (PP of (NP people and capital)) (PP from (NP Hong Kong))) (VP have (VP been (VP growing (SBAR-TMP since (S (NP-SBJ the sovereignty issue) (ADVP-TMP first) (VP arose (PP-TMP in (NP the early 1980s)))))))) .)) (TOP (S (NP-SBJ A (ADJP widely held) assumption) (ADVP-TMP all along) (VP has (VP been (SBAR-PRD that , (S (PP given (NP its robust economy)) , (NP-SBJ-1 Hong Kong) (VP will (VP be (ADJP-PRD able (S (NP-SBJ-2 *-1) (VP to (VP attract (NP sufficient foreign money and talent) (S-PRP (NP-SBJ *-2) (VP to (VP (ADVP-MNR comfortably) offset (NP the outflows)))))))))))))) .)) (TOP (S (PP With (S-NOM (NP-SBJ (NP interest) (PP in (NP (NP emigration and investment) (ADVP-LOC abroad)))) (VP soaring (PP-TMP since (NP June 4))))) , (NP-SBJ that assumption) (ADVP-TMP no longer) (VP seems (ADJP-PRD so safe)) .)) (TOP (S (NP-SBJ-1 Investment and emigration plans) (VP take (NP time) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP come (PP-CLR to (NP fruition)))))) .)) (TOP (S (S (NP-SBJ (QP Only four) months) (VP have (VP passed (PP-TMP since (NP the Beijing massacre))))) , and (S (NP-SBJ-1 few) (VP are (VP prepared (S (NP-SBJ *-1) (VP to (VP predict (NP its ultimate impact))))))) .)) (TOP (S (NP-SBJ The only consensus) (VP is (SBAR-PRD that (S (NP-SBJ (NP more money and people) (SBAR *ICH*-2)) (VP may (VP leave (NP Hong Kong) (SBAR-2 than (S (NP-SBJ-1 *) (VP had (VP been (VP thought (S (NP-SBJ *-1) (ADJP-PRD likely)))))))))))) .)) (TOP (S (NP-SBJ This expected blow) (VP has (VP cast (NP a pall) (PP-CLR over (NP (NP the economy 's) prospects)))) .)) (TOP (S (NP-SBJ The question) (PRN , (SBAR as (S (NP-SBJ many people) (VP see (NP it)))) ,) (VP is (SBAR-PRD (WHADVP-1 how long) (S (NP-SBJ such uncertainty) (VP will (VP last (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP Maureen Fraser) , (NP (NP an economist) (PP-LOC with (NP (NP W.I. Carr) , (NP (NP a subsidiary) (PP of (NP (NP France 's) Banque Indosuez)))))) ,) (VP believes (SBAR that (S (NP-SBJ-1 the territory) (VP may not (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP regain (NP its momentum) (PP-TMP until (NP (NP some time) (PP-TMP after (NP 1997))))))))))))) .)) (TOP (S (NP-SBJ It) (VP may (VP experience (NP an upswing (QP or two)) (PP-TMP in (NP between)))) .)) (TOP (S-2 But (PP with (S-NOM (NP-SBJ-1 local investors) (VP shaken (NP *-1) (PP by (NP-LGS (NP China 's) (ADJP political and economic) turmoil))))) (PRN , (S (NP-SBJ she) (VP says (SBAR 0 (S *T*-2)))) ,) (NP-SBJ a genuine recovery) (VP may not (VP arrive (SBAR-TMP until (S (NP-SBJ Hong Kong) (VP can (VP prove (S (NP-SBJ itself) (ADJP-PRD secure (PP-LOC under (NP Chinese sovereignty)))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 Investors) (VP have (S (NP-SBJ *-1) (VP to (VP accept (NP (NP the possibility) (PP of (NP (NP a significant slowdown) (PP-LOC in (NP (NP economic activity) (PP-TMP in (NP (NP the runup) (PP to (NP 1997)))))))))))))) , '' (NP-SBJ she) (VP says (S *T*-2)) .)) (TOP (S `` (PP-TMP Over (NP the next few years)) , (NP-SBJ I) (VP would (VP advise (NP caution))) . '')) (TOP (S (PP-LOC In (NP (NP a soon-to-be published book) (PP on (NP the territory)))) , (NP-SBJ (NP a political economist) , (NP Miron Mushkat) ,) (VP has (VP derived (NP three future scenarios) (PP-CLR from (NP (NP interviews) (PP with (NP 41 Hong Kong government officials and businessmen)))))) .)) (TOP (S (NP-SBJ (NP (QP Nearly half)) (PP of (NP them))) (VP argue (SBAR that (S (NP-SBJ (NP (NP Hong Kong 's) uneasy relationship) (PP with (NP China))) (VP will (VP (VP constrain (NP *RNR*-1)) (PRN -- though (VP not inhibit (NP *RNR*-1)) --) (NP-1 long-term economic growth)))))) .)) (TOP (S (NP-SBJ-1 The rest) (VP are (VP split (NP *-1) (PP-CLR (ADVP roughly) between (NP (NP (NP optimists) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP expect (S (NP-SBJ-4 Hong Kong) (VP to (VP hum (ADVP-CLR along) (SBAR-MNR as (S (NP-SBJ *-4) (VP *?* (ADVP-TMP before))))))))))) and (NP (NP pessimists) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP foresee (NP irreparable chaos))))))))) .)) (TOP (S (NP-SBJ The interviews) (VP took (NP-CLR place) (ADVP-TMP (NP two years) ago)) .)) (TOP (S-2 (SBAR-TMP Since (S (NP-SBJ the China crisis) (VP erupted))) (PRN , (S (NP-SBJ Mr. Mushkat) (VP says (SBAR 0 (S *T*-2)))) ,) (NP-SBJ (NP the scenario) (SBAR as (WHNP-4 0) (S (NP-SBJ-3 *-4) (VP depicted (NP *-3) (PP by (NP-LGS the middle-of-the-road group)))))) (VP bears (NP (NP a remarkable resemblance) (PP to (NP (NP the difficulties) (SBAR (WHNP-1 0) (S (NP-SBJ Hong Kong) (ADVP-TMP currently) (VP faces (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP The consensus) (PP of (NP (NP this group) , (SBAR (WHNP-1 which) (S (NP-SBJ he) (VP dubs (S (NP-SBJ *T*-1) `` (NP-PRD realists) , ''))))))) (VP is (SBAR-PRD that (S (NP-SBJ the local economy) (VP will (VP grow (PP-TMP through (NP the 1990s)) (PP-MNR at (NP (NP annual rates) (VP averaging (NP (QP between 3 % and 5 %) *U*))))))))) .)) (TOP (S (NP-SBJ-1 (NP Such a pace) (PP of (NP growth))) (PRN , (SBAR-ADV though (S (NP-SBJ *-1) (ADJP-PRD respectable) (PP for (NP mature industrialized economies)))) ,) (VP would (VP be (ADJP-PRD unusually slow) (PP for (NP Hong Kong)))) .)) (TOP (SINV (ADVP-TMP Only twice) (PP-TMP since (NP the 1960s)) has (NP-SBJ (NP annual gross domestic product growth) (ADVP-LOC here)) (VP fallen (PP-DIR below (NP 5 %)) (PP-TMP for (NP (ADJP two or more) consecutive years))) .)) (TOP (S (NP-SBJ The first instance) (VP occurred (PP-TMP in (NP (NP 1967-68) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP China 's) Cultural Revolution) (VP triggered (NP bloody street rioting) (PP-LOC in (NP the colony)) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ The other) (VP came (PP-TMP in (NP 1974-75)) (PP-CLR from (NP (NP the combined shock) (PP of (NP (NP world recession) and (NP a severe local stock market crash)))))) .)) (TOP (S (PP-TMP During (NP the past 10 years)) , (NP-SBJ (NP Hong Kong 's) economic growth) (VP has (VP averaged (NP 8.3 %) (ADVP-TMP annually))) .)) (TOP (S (PP Given (NP (NP Hong Kong 's) record)) , (NP-SBJ (NP Mr. Mushkat 's) `` realists '') (VP might (VP have (VP sounded (ADJP-PRD unduly conservative) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the interviews) (VP took (NP-CLR place) (ADVP-TMP (NP two years) ago) (ADVP-TMP *T*-2))))))) .)) (TOP (S-1 (PP-LOC Under (NP the current circumstances)) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ their scenario) (ADVP-TMP no longer) (VP seems (ADJP-PRD unrealistic)) .)) (TOP (S `` (NP-SBJ The city) (VP could (VP lose (NP (NP some) (PP of (NP its entrepreneurial flavor))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ It) (VP could (VP lose (NP (NP some) (PP of (NP its dynamism)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Mushkat) , (NP (NP a director) (PP of (NP (NP Baring Securities (PRN -LRB- Hong Kong -RRB-) Ltd.) , (NP (NP a unit) (PP of (NP (NP Britain 's) Barings PLC))))))) . ``)) (TOP (S (NP-SBJ-1 It) (VP does n't (VP have (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a disaster)))))) .)) (TOP (S (NP-SBJ It) (VP (ADVP just) means (SBAR that (S (NP-SBJ Hong Kong) (VP would (VP become (NP-PRD a (ADJP less exciting) place)))))) . '')) (TOP (S (S-ADV (NP-SBJ *-2) (VP Going (PP-CLR by (NP (NP official forecasts) (PP of (NP (NP GDP) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP measures (NP (NP (NP the colony 's) output) (PP of (NP goods and services)) , (PP minus (NP foreign income)) ,)))))))))) (NP-SBJ-2 (NP Mr. Mushkat 's) `` realists '') (VP seem (ADJP-PRD relatively close (PP to (NP the mark)))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP taking (PP-CLR into (NP account)) (NP (NP the fallout) (PP from (NP the China crisis)))))) , (NP-SBJ-1 the government) (VP has (VP projected (NP (NP 1989 GDP growth) (PP of (NP 5 %))))) .)) (TOP (S (NP-SBJ (NP The updated forecast) , (VP published (NP *) (NP-TMP Aug. 25))) , (VP compares (PP-CLR with (NP (NP (NP an earlier forecast) (PP of (NP 6 %)) (VP published (NP *) (NP-TMP March 1))) and (NP (NP a (ADJP 7.4 %) rate) (VP achieved (NP *) (FRAG (PP in))))))))) (TOP (S (NP-SBJ (NP Sir Piers Jacobs) , (NP (NP Hong Kong 's) financial secretary)) , (VP says (SBAR 0 (S (NP-SBJ-1 a further downward revision) (VP may (VP be (VP justified (NP *-1) (SBAR-ADV unless (S (NP-SBJ the economy) (VP stages (NP a (ADJP more convincing) rally)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP are n't (VP looking (PP-CLR at (NP (NP anything) (PP like (NP a doomsday scenario))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` But (ADVP clearly) (NP-SBJ we) (VP 're (VP entering (NP a difficult period))) . '')) (TOP (S (NP-SBJ (NP Many factors) (PP besides (NP (NP a dread) (PP of (NP 1997))))) (VP will (VP have (NP-CLR a bearing) (PP-CLR on (NP (NP Hong Kong 's) economy)))) .)) (TOP (S (NP-SBJ One) (VP concerns (NP Japanese investors)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Barely visible) (PP-LOC on (NP (NP Hong Kong 's) property scene)) (PP-TMP in (NP 1985))) , (PP-TMP by (NP last year)) (NP-SBJ-1 Japan) (VP had (VP become (NP-PRD the top foreign investor) , (S-ADV (NP-SBJ *-1) (VP spending (NP (QP $ 602 million) *U*))))) .)) (TOP (S (NP-SBJ The market) (VP has (VP grown (ADJP-PRD relatively quiet) (PP-TMP since (NP the China crisis)))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ the Japanese) (VP return (PP-MNR in (NP force))))) , (NP-SBJ their financial might) (VP could (VP compensate (PP to (NP some extent)) (PP-CLR for (NP (NP local investors ') waning commitment)))) .)) (TOP (S (NP-SBJ (ADJP Another (PRN -- and critical --)) factor) (VP is (NP-PRD (NP the U.S.) , (NP (NP Hong Kong 's) biggest export market))) .)) (TOP (S (PP-TMP (ADVP Even) before (NP the China crisis)) , (NP-SBJ weak U.S. demand) (VP was (VP slowing (NP local economic growth))) .)) (TOP (S (ADVP Conversely) , (NP-SBJ-1 (NP strong consumer spending) (PP-LOC in (NP the U.S.)) (ADVP-TMP (NP two years) ago)) (VP helped (S (NP-SBJ *-1) (VP propel (NP the local economy) (PP-CLR at (NP (QP more than twice) its current rate))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ a few economists) (VP maintain (SBAR that (S (NP-SBJ-1 global forces) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP govern (NP (NP Hong Kong 's) economic rhythm))))))))) .)) (TOP (S-1 (SBAR-TMP Once (S (NP-SBJ (NP external conditions) , (PP such as (NP U.S. demand)) ,) (VP swing (PP-CLR in (NP (NP the territory 's) favor))))) (PRN , (S (NP-SBJ they) (VP argue (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 local businessmen) (VP will (ADVP probably) (VP (VP overcome (NP their 1997 worries)) and (VP continue (S (NP-SBJ *-2) (VP doing (NP business) (PP-MNR as (ADJP usual))))))) .)) (TOP (S But (NP-SBJ (NP economic arguments) , (ADJP however solid) ,) (VP wo n't (ADVP necessarily) (VP impress (NP (NP Hong Kong 's) (QP 5.7 million) people))) .)) (TOP (S (NP-SBJ-1 Many) (VP are (NP-PRD refugees) , (S-ADV (NP-SBJ *-1) (VP having (VP fled (NP (NP (NP China 's) unending cycles) (PP of (NP (NP political repression) and (NP poverty)))) (SBAR-TMP since (S (NP-SBJ the Communist Party) (VP took (NP power) (PP-TMP in (NP 1949))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ-1 (NP many) (PP of (NP (NP those) (VP (ADVP-TMP now) planning (S (NP-SBJ *) (VP to (VP leave (NP Hong Kong)))))))) (VP ca n't (VP (ADVP-MNR easily) be (VP swayed (NP *-1) (PP by (NP-LGS (NP momentary improvements) (PP-LOC in (NP (NP the colony 's) (ADJP political and economic) climate))))))) .)) (TOP (S (NP-SBJ Emigration applications) (VP soared (PP-TMP in (NP (NP 1985) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Britain and China) (VP ratified (NP (NP their accord) (PP on (NP (NP Hong Kong 's) future))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (PP-TMP In (NP (NP 1987) , (NP (NP (NP Hong Kong 's) (ADJP most prosperous) year) (PP-TMP for (NP a decade))))) , (NP-SBJ (NP 30,000) (ADVP *ICH*-1)) (VP left , (ADVP-1 up (NP 58 %) (PP from (NP-TMP the previous year)))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ 45,000) (VP went) .)) (TOP (S (NP-SBJ The government) (VP predicts (SBAR that (S (NP-SBJ annual outflows) (VP will (VP level (ADVP-CLR off) (PP-TMP over (NP the next few years)) (PP at (NP (NP (NP as much) (PP as (NP 60,000))) -- (NP (NP a projection) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP is (VP (ADVP-MNR widely) regarded (NP *-2) (PP-CLR as (ADJP unrealistically low)))))))))))))) .)) (TOP (S (NP-SBJ (NP A large number) (PP of (NP (NP those) (VP leaving)))) (VP are (NP-PRD managers and professionals)) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 no one) (VP professes (S (NP-SBJ *-1) (VP to (VP know (NP (NP the exact cost) (PP of (NP such a `` brain drain '')) (PP to (NP the economy))))))))) , (NP-SBJ hardly anyone) (VP doubts (SBAR that (S (NP-SBJ it) (VP poses (NP a threat))))) .)) (TOP (S `` (S-TPC-4 (SBAR-TMP (WHADVP-5 When) (S (NP-SBJ the economy) (VP loses (NP (NP a big portion) (PP of (NP its work force)) (SBAR (WHNP-2 that) (S (NP-SBJ-6 *T*-2) (ADVP also) (VP happens (S (NP-SBJ *-6) (VP to (VP include (NP its (ADJP most productive) members)))))))) (ADVP-TMP *T*-5)))) , (NP-SBJ-3 economic growth) (VP is (VP bound (S (NP-SBJ-1 *-3) (VP to (VP be (VP affected (NP *-1)))))))) , '' (VP says (S *T*-4)) (NP-SBJ (NP Anthong Wong) , (NP (NP an economist) (PP with (NP Hang Seng Bank)))) .)) (TOP (S (S-TPC-3 (SBAR-ADV While (S (NP-SBJ Wall Street) (VP is (VP retreating (PP-CLR from (NP computer-driven program trading)))))) , (NP-SBJ-1 big institutional investors) (VP are (ADJP-PRD likely (S (NP-SBJ-2 *-1) (VP to (VP continue (NP these strategies) (PP-MNR at (NP full blast)) , (S-ADV (NP-SBJ *-2) (VP (ADVP further) roiling (NP the stock market))))))))) , (NP-SBJ trading executives) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Bowing (PP-CLR to (NP a mounting public outcry)))) , (NP-SBJ-1 (NP (QP three more) major securities firms) -- (NP (NP Bear , Stearns & Co. Inc.) , (NP Morgan Stanley & Co.) and (NP Oppenheimer & Co.)) --) (VP announced (NP-TMP Friday) (SBAR 0 (S (NP-SBJ they) (VP would (VP suspend (NP (NP stock-index arbitrage trading) (PP for (NP their own accounts)))))))) .)) (TOP (S (NP-SBJ PaineWebber Group Inc.) (VP announced (NP (NP a pullback) (PP *ICH*-1)) (PP-TMP on (NP Thursday)) (PP-1 from (NP (NP stock-index arbitrage) , (NP (NP a controversial program-trading strategy) (VP blamed (NP *) (PP by (NP-LGS many investors)) (PP-CLR for (S-NOM (NP-SBJ *) (VP encouraging (NP big stock-market swings))))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ-1 the trading halts) (VP are (VP offered (NP *-1) (PP-CLR as (NP (NP a sign) (PP of (NP (NP concern) (PP about (NP recent stock market volatility)))))))))) , (NP-SBJ-2 most Wall Street firms) (VP remain (ADJP-PRD open (S (NP-SBJ *-2) (VP to (VP handle (NP program trading) (PP for (NP customers))))))) .)) (TOP (S (NP-SBJ Trading executives) (VP (ADVP-MNR privately) say (SBAR that (S (NP-SBJ-2 (NP huge stock-index funds) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP dwarf (NP Wall Street firms) (PP in (NP (NP terms) (PP of (NP (NP the size) (PP of (NP their program trades))))))))) ,) (VP will (VP continue (S (NP-SBJ *-2) (VP to (VP launch (NP big programs) (PP-CLR through (NP the stock market)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Wells Fargo Investment Advisers) , (NP Bankers Trust Co.) and (NP Mellon Capital Management)) (VP are (PP-LOC-PRD among (NP (NP the top stock-index arbitrage clients) (PP of (NP Wall Street)))))) , (NP-SBJ trading executives) (VP say (S *T*-1)) .)) (TOP (S (NP-SBJ These huge stock-index funds) (VP build (NP (NP portfolios) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP (VP match (NP (NP the S&P 500 stock index) or (NP other stock indexes))) , and (VP (ADVP-TMP frequently) swap (PP-CLR between (NP stocks and futures)) (S-PRP (NP-SBJ *-2) (VP to (VP capture (NP profits)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ They) (VP will (VP do (NP it) (NP-TMP (NP every chance) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP get (NP *T*-2)))))))) , '' (VP said (S *T*-1)) (NP-SBJ one program-trading executive) .)) (TOP (S (S-TPC-2 (ADVP Consequently) , (NP-SBJ-1 (NP abrupt swings) (PP-LOC in (NP the stock market))) (VP are not (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP disappear (ADVP-TMP anytime soon))))))) , (NP-SBJ they) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (PP In (NP fact)) , (PP without (S-NOM (NP-SBJ Wall Street firms) (VP trading (PP for (NP their own accounts))))) , (NP-SBJ (NP the stock-index arbitrage trading opportunities) (PP for (NP the big funds))) (VP may (VP be (ADJP-PRD (ADVP all the more) abundant))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ More customers) (VP may (VP come (PP-DIR to (NP us)) (ADVP-TMP now)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP James Cayne) , (NP (NP president) (PP of (NP Bear Stearns Cos)))) .)) (TOP (S (NP-SBJ (NP Executives) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP manage (NP these funds))))) (VP see (NP (NP the current debate) (PP over (NP program trading))) (PP-CLR as (NP (NP a repeat) (PP of (NP (NP the concern) (VP expressed (NP *) (PP-TMP after (NP the 1987 crash)))))))) .)) (TOP (S (NP-SBJ They) (VP noted (SBAR that (S (NP-SBJ (NP studies) (VP completed (NP *) (PP-TMP after (NP the 1987 crash)))) (VP exonerated (NP program trading) (PP-CLR as (NP (NP a source) (PP of (NP volatility)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The issues) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP are (PRN -LRB- (ADVP-TMP now) -RRB-) (VP being (VP raised (NP *-3) , (PP-MNR in (NP classic anti-intellectual fashion)) ,)))))) (VP fly (PP-CLR in (NP (NP the face) (PP of (NP (NP a number) (PP of (NP post-crash studies)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Fred Grauer) , (NP (NP chairman) (PP of (NP Wells Fargo Investment Advisers)))) .)) (TOP (S (NP-SBJ A Bankers Trust spokesman) (VP said (SBAR that (S (NP-SBJ-1 (NP the company 's) investment arm) (VP uses (NP stock-index arbitrage) (S-PRP (NP-SBJ *-1) (VP to (VP enhance (NP (NP investors ') returns)))))))) .)) (TOP (S (NP-SBJ (NP Officials) (PP-LOC at (NP Mellon Capital))) (VP were (ADJP-PRD unavailable (PP for (NP comment)))) .)) (TOP (S (NP-SBJ Stock-index funds) (VP have (VP grown (PP-CLR in (NP popularity)) (PP-TMP over (NP the past decade)) (SBAR-TMP as (S (NP-SBJ (NP pension funds) and (NP other institutional investors)) (VP have (VP sought (NP (NP a low-cost way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP match (NP (NP the performance) (PP of (NP (NP the stock market) (PP as (NP a whole))))) (ADVP-MNR *T*-1)))))))))))) .)) (TOP (S (NP-SBJ (NP Many money managers) (SBAR (WHNP-501 who) (S (NP-SBJ *T*-501) (VP trade (NP stock) (ADVP-MNR actively))))) (VP have (NP (NP trouble) (S-NOM (NP-SBJ *) (VP (ADVP-MNR consistently) matching (NP (NP the S&P-500 's) returns))))) .)) (TOP (S (NP-SBJ Some stock-index funds) (VP are (ADJP-PRD huge)) .)) (TOP (S (NP-SBJ-1 Wells Fargo Investment Advisers) (PRN , (PP for (NP example)) ,) (VP managed (NP (NP (NP (QP $ 25 billion) *U*) (PP in (NP stock investments)))) (S-ADV (NP-SBJ *-1) (VP tracking (NP the S* 500) (PP-TMP at (NP (NP the end) (PP of (NP June)))))) , (PP according (PP to (NP (NP Standard & Poor 's) Corp)))) .)) (TOP (S (NP-SBJ Mr. Grauer) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (QP $ 2 billion) *U*) (PP of (NP that))) (VP is (VP used (NP *-1) (PP-CLR in (NP active index arbitrage))))))) .)) (TOP (S (S (NP-SBJ Stock-index funds) (ADVP-TMP frequently) (VP use (NP the futures markets) (PP-CLR as (NP a hedging tool)))) , but (S (NP-SBJ that) (VP is (NP-PRD (NP a (ADJP far less aggressive) strategy) (PP than (NP (NP stock-index arbitrage) , (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ-2 traders) (VP buy and sell (NP (NP big blocks) (PP of (NP stocks)) (PP with (NP (NP offsetting trades) (PP-LOC in (NP stock-index futures))))) (S-PRP (NP-SBJ *-2) (VP to (VP profit (PP-CLR from (NP price differences))))) (PP-LOC *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP The 190-point plunge) (PP-LOC in (NP the stock market)) (NP-TMP Oct. 13)) (VP has (VP heightened (NP (NP concerns) (PP about (NP volatility))))) .)) (TOP (S And (SBAR-ADV while (S (NP-SBJ (NP signs) (PP of (NP (NP an economic slowdown) , (NP softer corporate earnings) and (NP (NP troubles) (PP with (NP takeover financing)))))) (ADVP all) (VP have (VP contributed (PP-CLR to (NP (NP the stock market 's) recent weakness)))))) , (NP-SBJ-1 many investors) (VP rushed (S (NP-SBJ *-1) (VP to (VP blame (NP program trading) (PP-CLR for (NP aggravating market swings)))))) .)) (TOP (S (NP-SBJ (NP The Wall Street firms ') pullback) (VP followed (NP (NP their recent blacklisting) (PP by (NP several institutional investors)))) .)) (TOP (S (NP-TMP Last Tuesday) , (NP-SBJ (NP Kemper Corp. 's) Kemper Financial Services Inc. unit) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (ADVP-TMP no longer) (VP trade (PP-CLR with (NP (NP firms) (VP committed (NP *) (PP-CLR to (NP stock-index arbitrage))) , (PP including (NP (NP the three) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP later) (VP suspended (NP stock-index arbitrage trading) (PP-TMP on (NP Friday)))))))))))))) .)) (TOP (S (NP-SBJ (NP Phoenix Mutual Life Insurance Co.) and (NP Founders Asset Management Inc.)) (ADVP also) (VP cut (PRT off) (NP (NP brokerage firms) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP engage (PP-CLR in (NP program trading))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ it) (VP is (ADVP-TMP still) (VP doing (NP stock-index arbitrage trades) (PP for (NP customers)))))) , (NP-SBJ-2 (NP (NP Morgan Stanley 's) trading halt) (PP for (NP its own account))) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP shake (PRT up) (NP (NP firms) (PP such as (NP Kidder , Peabody & Co.)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP still) (VP do (NP such trades) (PP for (NP their own account))))))))))) .)) (TOP (S (NP-SBJ Morgan Stanley) (VP has (ADVP-MNR consistently) (VP been (NP-PRD (NP one) (PP of (NP the top stock-index arbitrage traders))) (PP-TMP in (NP recent months)))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP (NP Morgan Stanley 's) president) , (NP Richard B. Fisher)) , (VP said (SBAR 0 (S (NP-SBJ the firm) (VP is (VP putting (PRT up) (NP (NP money) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 *) (VP to (VP form (NP (NP a group) (PP of (NP (NP regulators) , (NP investors) and (NP investment banks)))) (ADVP-MNR *T*-2) (S-PRP (NP-SBJ *-1) (VP to (VP find (PRT out) (SBAR-ADV if (S (NP-SBJ stock-index arbitrage) (VP (ADVP-MNR artificially) induces (NP stock-market volatility))))))))))))))))) .)) (TOP (S `` (S-TPC-4 (NP-SBJ-3 We) (VP have (S (NP-SBJ *-3) (VP to (VP (VP clear (PRT up) (NP these issues)) and (VP find (PRT out) (SBAR-NOM (WHNP-2 (WHNP what) (SBAR *ICH*-5)) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD present) (SBAR-5 (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (VP creating (NP artificial volatility)))))))))))))) , '' (NP-SBJ Mr. Fisher) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S `` (NP-SBJ There) (VP is (NP-PRD (NP no question) (SBAR that (S (NP-SBJ (NP investor confidence) (PRN -LRB- (PP in (NP the stock market)) -RRB-)) (VP is (ADJP-PRD critical)))))) . '')) (TOP (S (S-ADV (NP-SBJ *-2) (VP Joining (NP (NP the call) (PP for (NP (NP some kind) (PP of (NP (NP study) or (NP regulatory action)))))))) , (NP-SBJ-2 Merrill Lynch & Co.) (VP recommended (NP (NP program-trading reforms) (PP *ICH*-1)) (NP-TMP late Friday) , (PP-1 including (NP (NP (NP higher margins) (PP on (NP stock-index futures))) and (NP greater regulatory coordination)))) .)) (TOP (S (ADVP-MNR Separately) , (NP-SBJ (NP Mr. Cayne) (PP of (NP Bear Stearns))) (VP said (SBAR 0 (S (NP-SBJ-1 his firm) (VP is (VP working (PP-CLR with (NP regulators)) (S-PRP (NP-SBJ-2 *-1) (VP to (VP balance (NP margin requirements) (S-PRP (NP-SBJ *-2) (VP to `` (VP enhance (NP stabilization)))))))))))) . '')) (TOP (S (NP-SBJ Margin rules) (VP determine (NP (NP the minimum amount) (PP of (NP cash)) (SBAR (WHNP-1 0) (S (NP-SBJ-2 an investor) (VP must (VP put (PRT up) (NP *T*-1) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ *-2) (VP buying (NP a security) (ADVP-TMP *T*-3)))))))))) .)) (TOP (S (NP-SBJ Current rules) (VP permit (S (NP-SBJ investors) (VP to (VP put (PRT up) (NP (NP less cash) (PP for (NP futures)) (PP than (PP for (NP stocks)))))))) .)) (TOP (S (NP-SBJ Some observers) (VP say (SBAR that (S (NP-SBJ (NP different rules) (VP governing (NP stock and futures markets))) (VP are (ADJP-PRD partly responsible (PP for (NP volatility))))))) .)) (TOP (S-2 (NP-SBJ These rules) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-2)))) ,) (VP permit (NP (NP (NP (ADJP faster and cheaper) trading) (PP in (NP futures)) (PP than (PP in (NP stocks)))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP frequently) (VP knocks (NP the two markets) (PP-CLR out (PP of (NP line)))))))) .)) (TOP (S (S (NP-SBJ-1 Stock-index arbitrage) (PRN , (SBAR-PRP because (S (NP-SBJ it) (VP (VP sells (NP the (ADJP more `` expensive '') market)) and (VP buys (NP the `` cheaper '' one))))) ,) (VP attempts (S (NP-SBJ *-1) (VP to (VP reestablish (NP (NP the link) (PP between (NP the stock and futures markets)))))))) , and (S (NP-SBJ the adjustments) (VP are (ADVP-TMP often) (ADJP-PRD abrupt))) .)) (TOP (S But (NP-SBJ unequal trading rules) (VP allow (S (NP-SBJ the futures market) (VP to (VP trade (ADVP-MNR differently (PP from (NP stocks)))))) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP invites (NP (NP frequent bouts) (PP of (NP stock-index arbitrage))) (PP-TMP in (NP the first place)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 There) (VP has (S (NP-SBJ *-1) (VP to (VP be (NP-PRD better coordination) (PP on (NP a regulatory basis))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Christopher Pedersen) , (NP (NP director) (PP of (NP trading)) (PP-LOC at (NP Twenty-First Securities Corp)))) .)) (TOP (S `` (NP-SBJ One agency) (VP should (VP have (NP (NP the authority) (PP over (NP all equity products))))) .)) (TOP (S (PP Like (NP (NP (ADJP so many) trends) (PP-LOC in (NP the entertainment industry)))) , (NP-SBJ-1 (NP the current spate) (PP of (NP rape dramas)) (PP-LOC on (NP television))) (VP seems (S (NP-SBJ *-1) (VP to (VP represent (NP (NP a confluence) (PP of (NP high-mindedness and self-interest))))))) .)) (TOP (S (NP-SBJ The former) (VP comes (PP-CLR from (NP (NP the latest wave) (PP of (NP political activism)) (PP-LOC in (NP Hollywood)) , (PP especially around (NP (NP feminist issues) (PP such as (NP abortion))))))) .)) (TOP (S (NP-SBJ The latter) (VP comes (PP-CLR from (NP (NP the perception (SBAR *ICH*-1)) , (PP on (NP (NP the part) (PP of (NP (NP many people) (PP-LOC in (NP network TV)))))) , (SBAR-1 that (S (NP-SBJ (NP their only hope) (PP of (S-NOM (NP-SBJ *) (VP keeping (NP-2 viewers) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP defecting (PP-CLR to (NP cable))))))))) (VP is (S-PRD (NP-SBJ *) (VP to (VP fill (NP the airwaves) (PP-CLR with (NP an (ADJP increasingly raw) sensationalism))))))))))) .)) (TOP (S (S (NP-SBJ *) (VP Put (NP these) (ADVP together))) , and (S (NP-SBJ you) (VP get (NP (NP programs) (PP about (NP rape))))) .)) (TOP (S (NP-SBJ (NP The best) (PP of (NP the crop))) (VP was (NP-PRD (NP (NP last week 's) season premiere) (PP of (NP `` (PP-TTL In (NP (NP the Heat) (PP of (NP the Night)))) , '' (NP (NP the NBC series) (PP based (PP on (NP (NP a 1967 feature film) (PP about (NP (NP a black Philadelphia police detective) (PP-LOC in (NP a small Southern town)))))))))))) .)) (TOP (S (PP-LOC In (NP the series)) , (NP-SBJ (NP (NP Virgil Tibbs) (PRN -LRB- (NP Howard Rollins) -RRB-)) and (NP (NP his wife) , (NP (NP Althea) (PRN -LRB- (NP Anne-Marie Johnson) -RRB-)))) (VP have (VP settled (PP-LOC-CLR in (NP (NP Sparta) , (NP Miss))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ the show) (VP has (VP acquired (NP (NP a sense) (PP of (NP place))) (PP-MNR by (S-NOM (NP-SBJ-1 *) (VP being (VP filmed (NP *-1) (PP-LOC on (NP location)) (PP-LOC in (NP Georgia)))))))))) , (NP-SBJ-4 (NP this episode) (PRN -- (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ-2 Althea) (VP gets (VP raped (NP *-2) (PP by (NP-LGS an arrogant white schoolteacher)) (PP-LOC *T*-3))))) --)) (VP does (NP (NP a decent job) (PP of (S-NOM (NP-SBJ *-4) (VP tracing (NP (NP the social repercussions) (PP of (NP the crime)))))))) .)) (TOP (S (ADVP Obviously) , (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD harder) (S-1 (NP-SBJ *) (VP to (VP establish (NP (NP a sense) (PP of (NP place))) (PP-LOC in (NP a one-shot TV movie)))))) .)) (TOP (S But (NP-SBJ (NP (NP tonight 's) offering) , `` (S-TTL (NP-SBJ *) (VP Settle (NP the Score))) '' (PRN -LRB- (NP-TMP 9-11 p.m. EST) , (PP-LOC on (NP NBC)) -RRB-) ,) (VP does n't (ADVP even) (VP try (S *?*))) .)) (TOP (S (NP-SBJ-3 (NP This tale) (PP of (NP (NP a Chicago policewoman) (VP returning (NP-CLR home) (S-PRP (NP-SBJ *) (VP to (VP find (NP (NP the man) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP raped (NP her) (ADVP-TMP (NP 20 years) earlier)))))))))))) (VP is (VP supposed (S (NP-SBJ-1 *-3) (VP to (VP be (VP set (NP *-1) (PP-LOC-CLR in (NP the Ozarks)))))))) .)) (TOP (S But (NP-SBJ it) (VP 's (PP-PRD more like (NP (NP an illustration) (PP of (SBAR-NOM (WHNP-1 (WHNP what) (S *ICH*-2)) (S (NP-SBJ Ben Stein) (VP describes (NP *T*-1) (PP-LOC in (NP (NP his study) (PP of (NP (NP social attitudes) (PP-LOC in (NP the TV industry)))))) : `` (S-2 (NP-SBJ (NP (NP Fear) (PP of (NP violence and animosity)) ... (PP-PRP because of (NP race or religion))) , (NP (NP fear) and (NP (NP lack) (PP of (NP (NP comprehension) (PP about (NP (NP the politics) (PP of (NP small-town people))))))))) ... (VP produce (NP (NP a powerful wave) (PP of (NP (NP dislike) (PP of (NP small towns)))) (PP-LOC in (NP (NP the minds) (PP of (NP TV writers and producers)))))))))))))) . '')) (TOP (S (NP-SBJ (NP The (NX (NX (NX writer) (PP *RNR*-3)) and (NX (NX executive producer) (PP *RNR*-3)) (PP-3 of `` (S-TTL (NP-SBJ *) (VP Settle (NP the Score)))))) , '' (NP Steve Sohmer)) , (VP is (NP-PRD (NP a graduate) (PP of (NP Yale)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP participated (PP-CLR in (NP (NP a PBS documentary) , (VP aired (NP *) (NP-TMP this summer)) , (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ (NP six members) (PP of (NP (NP the Yale class) (PP of (NP 1963))))) (VP ruminated (PP-CLR about (NP (NP their lives) (PP-TMP since (NP graduation)))) (PP-LOC *T*-2))))))))))) .)) (TOP (S (PP-TMP At (NP (NP one point) (PP-LOC in (NP the documentary)))) , (NP-SBJ (NP Mr. Sohmer) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD Jewish)))) ,) (VP says (SBAR 0 (S (NP-SBJ-3 he) (VP felt (VP rejected (NP *-3) (PP by (NP-LGS (NP many) (PP of (NP (NP the Protestants and Southerners) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP met (NP *T*-2) (PP-LOC at (NP Yale)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP quotes (NP (NP one student) (VP saying , `` (S (NP-SBJ You) (VP 're (NP-PRD (NP just the kind) (PP of (NP Jewboy)) (SBAR (WHNP-1 0) (S (NP-SBJ we Southerners) (VP ca n't (VP stand (NP *T*-1))))))))))) .)) (TOP (S '' (NP-SBJ Mr. Sohmer) (VP confesses (SBAR that (S-CLF (NP-SBJ it) (VP was (ADVP partly) (PP-PRD in (NP (NP response) (PP to (NP such attitudes)))) (SBAR (WHADVP-1 that) (S (NP-SBJ he) (VP is (ADVP-TMP now) `` (NP-PRD (NP a dweller) (PP-LOC on (NP (NP one) (PP of (NP (NP the two islands) (PP off (NP (NP the coast) (PP of (NP America))))))))) (ADVP *T*-1)))))))) . '')) (TOP (SQ But is (NP-SBJ (NP exile) (PP-LOC in (NP Hollywood))) (ADJP-PRD enough) ?)) (TOP (FRAG (NP-SBJ *) Not (VP to (VP judge (PP-CLR by (NP `` (S-TTL (NP-SBJ *) (VP Settle (NP the Score))) , '' (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 Mr. Sohmer) (VP seems (S (NP-SBJ *-1) (VP to (VP be (VP settling (NP (NP a score) (PP of (NP his own))))))) (PP-LOC *T*-2)))))))) .)) (TOP (S (PP Of (NP (NP all the unflattering portraits) (PP of (NP small-town America)) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP 've (VP seen (NP *T*-1) (PP-LOC-CLR on (NP TV)))))))) , (NP-SBJ this film) (VP is (NP-PRD the (ADJP most gratuitously nasty))) .)) (TOP (S (S (NP-SBJ The sole sympathetic character) (VP is (NP-PRD (NP the prodigal daughter Kate) (PRN -LRB- (NP Jaclyn Smith) -RRB-)))) , and (S (NP-SBJ-2 she) (VP is (ADJP-PRD tolerable) (PP (ADVP only) by (NP (NP virtue) (PP of (S-NOM (NP-SBJ *-2) (VP having (NP (NP nothing) (PP in (ADJP common)) (PP with (NP (NP her kinfolk) , (NP (NP a (ADJP truly benighted) pack) (PP of (NP (NP Southern Protestants) (SBAR (WHNP-1 whose grim existence) (S (NP-SBJ *T*-1) (VP consists (ADVP mostly) (PP-CLR of (NP (S-NOM (NP-SBJ *) (VP (VP growing (NP peaches)) and (VP repressing (NP sex)))))))))))))))))))))) .)) (TOP (S (NP-SBJ I) (VP mean , (SBAR 0 (S (NP-SBJ these folks) (VP are (ADJP-PRD (ADJP so uptight) (SBAR that (S (NP-SBJ they) (VP blame (NP pretty Kate) (PP-CLR for (NP the fact (SBAR that (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ she) (VP was (NP-PRD a teen-ager) (ADVP-TMP *T*-1)))) , (NP-SBJ someone) (VP (VP tied (NP her hands) (PP-CLR behind (NP her back))) , (VP thrust (NP her head) (PP-DIR into (NP a gunny sack))) , (VP (ADVP-MNR brutally) raped and beat (NP her)) , and (ADVP then) (VP left (S (NP-SBJ her) (VP to (VP die (PP-LOC in (NP a cold-storage room))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Her Pa) (PRN -LRB- (NP Howard Duff) -RRB-)) (VP is (NP-PRD (NP the kind) (PP of (NP guy)) (SBAR (WHNP-4 who) , (S (SBAR-TMP while (S (NP-SBJ *-3) (VP saying (NP grace) (PP-LOC at (NP the supper table))))) , (NP-SBJ-3 *T*-4) (VP (VP pauses (PP-LOC at (NP the word `` sin ''))) and (VP glares (PP-CLR at (NP (NP the daughter) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP has n't (VP seen (NP *T*-2) (PP-TMP for (NP two decades)) ,)))))) (SBAR-PRP because (S (NP-SBJ he) (VP knows (PP in (NP his heart)) (SBAR that (S (NP-SBJ she) (VP (VP enjoyed (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happened (PP-LOC in (NP the cold-storage room)))))) , and (VP has (VP been (VP indulging (NP the same taste) (ADVP-TMP ever since) (PP-LOC in (NP (NP the fleshpots) (PP of (NP Chicago))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP People) (PP like (NP Pa))) (VP do (VP exist , (PP of (NP course)))) .)) (TOP (S But (PP-LOC in (NP (NP Mr. Sohmer 's) Ozarks)) , (NP-SBJ he) (VP is (NP-PRD (NP but the tip) (PP of (NP the patriarchal iceberg)))) .)) (TOP (S (NP-SBJ (NP Every man) (SBAR (WHNP-1 0) (S (NP-SBJ Kate) (VP encounters (NP *T*-1))))) (VP is (UCP-PRD either (ADJP sniggeringly puritanical) , (ADJP viciously patronizing) , (ADJP revoltingly lecherous) , or (NP all three))) .)) (TOP (S (S (NP-SBJ *) (VP Add (NP the fact (SBAR that (S (NP-SBJ (NP any one) (PP of (NP them)) , (PP including (NP Pa)) ,) (VP could (VP be (NP-PRD her attacker)))))))) , and (S (NP-SBJ you) (VP have (NP (NP a setting) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP does n't (VP resemble (NP (NP small-town America) , or (ADVP even) (NP (NP (NP Hollywood 's) nightmare) (PP of (NP small-town America)))) , (ADVP (ADVP so much) (PP as (NP (NP a paranoid feminist dystopia) (PP like (NP (NP (NP Margaret Atwood 's) `` (NX-TTL (NP The Handmaid 's) Tale) , '') (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (NP-ADV itself) (ADVP-TMP soon) (VP to (VP be (PRN -LRB- (S (NP-SBJ you) (VP guessed (NP it))) -RRB-) (NP-PRD a Hollywood movie))))))))))))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP two exceptions) : (NP (NP (NP (NP Josh) (PRN -LRB- (NP Jeffrey DeMunn) -RRB-)) , (NP (NP the local doctor) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (ADVP-TMP always) (VP loved (NP Kate))))))) ; and (NP (NP (NP Lincoln) (PRN -LRB- (NP Richard Masur) -RRB-)) , (NP (NP Kate 's) (ADJP simple-minded but affectionate) brother))))) .)) (TOP (S (S (NP-SBJ Josh) (VP makes (NP (NP clumsy passes) (PP at (NP Kate))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ she) (VP 's (VP seething (PP-CLR with (NP anger and fear)) (ADVP-TMP *T*-1))))))) , but (S (NP-SBJ we) (VP know (PP-TMP from (NP the outset)) (SBAR that (S (NP-SBJ he) (VP 's not (NP-PRD (NP a member) (PP of (NP the evil patriarchy)))))))) .)) (TOP (SBARQ (WHADVP-1 How) (SQ could (NP-SBJ he) (VP be (NP-PRD *?*) (ADVP-MNR *T*-1))) ?)) (TOP (S (NP-SBJ He) (VP 's (NP-PRD (NP the director) (PP of (NP the local Planned Parenthood chapter)))) .)) (TOP (S (PP As (PP for (NP Lincoln))) , (SBAR-ADV if (S (NP-SBJ you) (VP ca n't (VP guess (SBAR (WHADVP why) (S (NP-SBJ he) (VP 's (ADJP-PRD so sweet (PP to (NP his sister))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ everybody else) (VP hates (NP her) (ADVP-TMP *T*-1))))))))))) , then (NP-SBJ-2 I) (VP 'm not (VP going (S (NP-SBJ *-2) (VP to (VP tell (NP you)))))) .)) (TOP (S (PP As (PP for (NP the women))) , (NP-SBJ they) (VP 're (ADJP-PRD pathetic)) .)) (TOP (S (NP-SBJ (NP (NP Kate 's) Ma) (PRN -LRB- (NP Louise Latham) -RRB-)) (VP is (NP-PRD a moral coward)) .)) (TOP (S (NP-SBJ (NP Her sister-in-law) (PRN -LRB- (NP Amy Wright) -RRB-)) (VP is (NP-PRD (NP a sniveling prude) (ADJP afraid (SBAR that (S (NP-SBJ Kate) (VP will (VP seduce (NP (NP (NP all the married men) (PP-LOC in (NP town))) , (PP including (NP (NP a (ADJP particularly loathsome) fellow) (VP named (S (NP-SBJ *) (NP-PRD Tucker))) , (SBAR (WHNP-2 (WHNP whose idea) (PP of (NP fun))) (S (NP-SBJ-3 *T*-2) (VP is (S (NP-SBJ *-3) (VP to (VP leave (NP-5 his wife) (PP-LOC-CLR at (NP home)) (S-CLR (NP-SBJ *-5) (VP tending (PP-CLR to (NP her (NX (NX bruises) and (NX cigarette burns)))))) , (SBAR-TMP while (S (NP-SBJ he) (VP bullies (NP Kate) (PP-CLR into (NP (NP a dance) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP consists (PP-CLR of (S-NOM (NP-SBJ-4 *) (VP drooling (PP-CLR on (NP her)) (SBAR-TMP while (S (NP-SBJ-6 *-4) (VP trying (S (NP-SBJ *-6) (VP to (VP break (NP her ribs)))))))))))))))))))))))))))))))))) .)) (TOP (S (PP At (NP the very least)) , (NP-SBJ it) (VP would (VP appear (SBAR that (S (NP-SBJ Sis) (VP is (NP-PRD (NP a poor judge) (PP of (NP masculine charm)))))))) .)) (TOP (S Yet (NP-SBJ even these insulting caricatures) (VP are not (ADJP-PRD (ADJP as bad) (PP as (NP (NP the moral hypocrisy) (PP-LOC at (NP (NP the heart) (PP of `` (S-TTL (NP-SBJ *) (VP Settle (NP the Score)))))))))) . '')) (TOP (S (PP-LOC In (NP (NP the) aforementioned episode (PP of `` (PP-TTL In (NP (NP the Heat) (PP of (NP the Night))))))) , '' (S (NP-SBJ we) (VP saw (S (NP-SBJ-1 Althea) (VP being (VP attacked (NP *-1)))))) , but (S (NP-SBJ-2 we) (VP were n't (VP invited (NP-3 *-2) (S (NP-SBJ *-3) (VP to (VP enjoy (NP the spectacle))))))) .)) (TOP (S (PP-LOC In (NP (NP Mr. Sohmer 's) film)) , (PP by (NP contrast)) , (NP-SBJ-1 we) (VP are (VP urged (NP-2 *-1) (S (NP-SBJ *-2) (VP to (VP share (NP (NP the perverse excitement) (PP of (NP (NP the rapist) (VP creeping (PRT up) (PP-CLR on (NP his victim)))))) ,))) (SBAR-TMP as (S (NP-SBJ the camera) (VP (VP ogles (NP (NP Kate) (PP in (NP (NP various stages) (PP of (NP undress)))))) and (VP lingers (PP-CLR on (NP (NP the sight) (PP of (NP her trussed-up body)))) (PP-TMP during (NP (NP frequent flashbacks) (PP to (NP the rape)))))))))) .)) (TOP (S (PP-LOC At (NP this point)) , (NP-SBJ (NP the truce) (PP between (NP feminism and sensationalism))) (VP gets (ADJP-PRD mighty uneasy)) .)) (TOP (S (NP-SBJ *) (VP Take (NP (NP the scene) (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ-1 Kate) (VP stands (S-ADV (NP-SBJ *-1) (ADJP-PRD naked)) (PP-LOC by (NP a lighted window)) , (S-ADV (NP-SBJ *-1) (VP whispering (PP-CLR to (NP her hidden assailant)) , `` (S (NP-SBJ *) (VP Look (NP-ADV (NP all) (SBAR (WHNP-2 0) (S (NP-SBJ you) (VP want (NP *T*-2))))))))) (PP-LOC *T*-3)))))) .)) (TOP (S (PP-TMP Starting (NP tomorrow)) , (NP-SBJ I) (VP 'm (VP stalking (NP you))) .)) (TOP (NP '' Or (NP (NP the one) (SBAR (WHPP-3 in (WHNP which)) (S (S (NP-SBJ-1 she and Josh) (VP are (VP stranded (NP *-1) (PP-LOC-CLR in (NP the city)) (PP-LOC *T*-3)))) , and , (S (PP-TMP after (S-NOM (NP-SBJ *-2) (VP insisting (PP-CLR on (NP separate motel rooms))))) , (NP-SBJ-2 she) (VP knocks (PP-CLR on (NP his door)) (S-PRP (NP-SBJ *-2) (VP to (VP pour (PRT out) (NP (NP her feelings) (PP about (NP the rape)))))) -- (S-ADV (NP-SBJ *-2) (VP wearing (NP (NP nothing) but (NP (NP a mini-slip) and (NP a push-up bra))))) (PP-LOC *T*-3)))))) .)) (TOP (S (ADVP Surely) (NP-SBJ the question) (VP is (ADJP-PRD obvious)) .)) (TOP (SQ (PP With (NP (NP friends) (PP like (NP Mr. Sohmer)))) , do (NP-SBJ (NP the feminists) (PP of (NP Hollywood))) (VP need (NP enemies)) ?)) (TOP (S (NP-SBJ (NP Crossland Savings Bank 's) stock) (VP plummeted (SBAR-TMP after (S (NP-SBJ management) (VP recommended (NP (NP a suspension) (PP of (NP (NP dividend payments) (PP on (NP both its (ADJP common and preferred) stock))))) (SBAR-PRP because (S (NP-SBJ Crossland) (VP may not (VP meet (NP (NP the new government capital criteria) (ADJP effective (NP-TMP Dec. 7))))))))))) .)) (TOP (S (PP-LOC In (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange)) (NP-TMP Friday) , (NP-SBJ Crossland) (VP closed (PP-CLR at (NP (NP $ 5.25 *U*) , (ADVP down (NP $ 1.875 *U*)) ,)) (NP-ADV a (ADJP 26 %) decline)) .)) (TOP (S (NP-SBJ A spokesman) (VP said (SBAR 0 (S (NP-SBJ the savings bank) (VP may not (VP qualify (PP-CLR for (NP the capital requirements)) (SBAR-PRP because , (S (PP-LOC under (NP the proposed guidelines)) , (NP-SBJ (NP its (QP $ 380 million) *U*) (PP of (NP preferred stock))) (VP does n't (VP meet (NP (NP the `` core capital '' criteria) (VP outlined (NP *) (PP-LOC under (NP (NP the new Financial Institutions Reform , Recovery and Enforcement Act) (PP of (NP 1989))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ (NP-SBJ-1 final guidelines) (VP to (VP be (VP published (NP *-1) (PP-TMP in (NP early November)))))) (VP will (VP determine (SBAR whether (S (NP-SBJ the bank) (VP is (PP-PRD in (NP compliance)))))))))) .)) (TOP (S (NP-SBJ Crossland) (VP said (SBAR 0 (S (NP-SBJ it) (VP retained (NP (NP three investment bankers) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP assist (NP it) (PP-LOC in (S-NOM (NP-SBJ *) (VP developing and implementing (NP a financial restructuring plan))))))))))))) .)) (TOP (S (NP-SBJ It) (VP would n't (VP identify (NP the bankers))) .)) (TOP (S (ADVP Additionally) , (NP-SBJ Crossland) (VP reported (NP (NP a third-quarter loss) (PP of (NP (NP (NP (QP $ 175.5 million) *U*) , or (NP (NP $ 13.44 *U*) (NP-ADV a share))) , (PP compared (PP with (NP (NP net income) (PP of (NP (NP (QP $ 27.1 million) *U*) , or (NP (NP $ 1.16 *U*) (NP-ADV a share)) ,)) (ADVP-TMP (NP a year) ago)))))))) .)) (TOP (S (NP-SBJ (NP A major factor) (PP in (NP the third-quarter loss))) (VP was (NP-PRD (NP the write-down) (PP of (NP (NP (QP $ 143.6 million) *U*) (PP of (NP goodwill)))))) .)) (TOP (S (NP-SBJ The spokesman) (VP said (SBAR that (S (NP-SBJ the proposed guidelines) (VP caused (S (NP-SBJ Crossland) (VP (VP to (VP revise (NP its business objectives))) and , (VP (ADVP consequently) , to (VP write (PRT down) (NP (NP the asset value) (PP of (NP some previous acquisitions))))))))))) .)) (TOP (S (NP-SBJ Crossland) (VP recorded (NP (NP an additional (QP $ 20 million) *U*) (PP in (NP loan loss reserves))) (PP-TMP in (NP the third quarter))) .)) (TOP (S (NP-SBJ (NP Net interest income) (PP for (NP the third quarter))) (VP declined (PP-DIR to (NP (QP $ 35.6 million) *U*)) (PP-DIR from (NP (QP $ 70.1 million) *U*) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (ADVP However) , (NP-SBJ non-interest income) (VP rose (PP-DIR to (NP (QP $ 23.5 million) *U*)) (PP-DIR from (NP (QP $ 22 million) *U*))) .)) (TOP (S (NP-SBJ Third-quarter loan originations) (VP dropped (ADVP-MNR sharply) (PP-DIR to (NP (QP $ 663 million) *U*)) (PP-DIR from (NP (QP $ 1 billion) *U*) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ (NP Standard & Poor 's) Corp.) (VP (VP lowered (NP (NP the rating) (PP on (NP (NP Crossland 's) preferred stock))) (PP-DIR to (NP double-C)) (PP-DIR from (NP single-B-minus))) and (VP placed (NP it) (PP-CLR on (NP CreditWatch)) (PP for (NP possible further downgrade)))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP placed (PP-CLR on (NP CreditWatch)) (PP-PRP for (NP possible downgrade)) (NP (NP other securities) , (PP including (NP (NP (NP the double-B-minus/B rating) (PP of (NP (NP (NP Crossland 's) certificates) (PP of (NP deposit))))) and (NP (NP the single-B rating) (PP of (NP its senior subordinated capital notes))))))) .)) (TOP (S (NP-SBJ-1 (NP (QP About $ 518 million) *U*) (PP of (NP debt))) (VP is (VP affected (NP *-1))) .)) (TOP (S (NP-SBJ The envelope) (VP arrives (PP-CLR in (NP the mail))) .)) (TOP (S (S (NP-SBJ *) (VP Open (NP it))) and (S (NP-SBJ (NP two soulful eyes) (PP-LOC on (NP (NP a boy 's) brown face))) (VP peer (ADVP-DIR out) (PP-CLR from (NP the page)) , (ADVP-MNR pleadingly))) .)) (TOP (SQ Does (NP-SBJ the tyke) (VP have (NP (NP a good mind) (VP about (S (NP-SBJ-1 *) (VP to (VP be (VP wasted (NP *-1)))))))) ?)) (TOP (SQ Is (NP-SBJ he) (NP-PRD (NP a victim) (PP of (NP Gramm-Rudman cuts))) ?)) (TOP (S (S (INTJ No) , but (NP-SBJ he) (VP 's (ADJP-PRD endangered) (ADVP all the same))) : (S (NP-SBJ-1 (NP His new sitcom) (PP-LOC on (NP ABC))) (VP needs (NP a following) (S-PRP (NP-SBJ *-1) (VP to (VP stay (PP-LOC-CLR on (NP the air))))))) .)) (TOP (S (S (NP-SBJ ABC) (VP has n't (VP had (NP much luck) (PP-CLR with (NP (NP shows) (VP featuring (NP blacks)))) (PP-TMP in (NP recent years))))) , and (S (NP-SBJ (NP the producers) (PP of (NP one new arrival))) (VP are (ADJP-PRD (NP-ADV a bit) desperate))) .)) (TOP (S (NP-SBJ `` (NP-TTL Homeroom) , '' (NP (NP a show) (PP about (NP (NP a black ad executive) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP gives (PRT up) (NP the boardroom) (PP-CLR for (NP a fourth-grade classroom)))))))) ,) (VP is (VP flunking (NP the ratings test))) .)) (TOP (S So (NP-SBJ-1 producers Alyce and Topper Carew) (VP (VP spun (NP their Rolodexes)) and (VP gathered (NP (NP names) (PP of (NP black opinion makers)))) (S-PRP (NP-SBJ *-1) (VP to (VP mount (NP a direct-mail campaign))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP wooing (NP a core black audience)))) (NP-SBJ-1 they) (VP figure (SBAR 0 (S (NP-SBJ they) (VP might (VP keep (S (NP-SBJ the show) (ADJP-PRD alive) (PP-TMP (ADVP at least) until (NP the spring semester)))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Using (NP direct mail) (PP for (NP a TV show)))) (VP is (PP-PRD like (S-NOM (NP-SBJ *) (VP fishing (PP-CLR for (NP whale)) (PP-CLR with (NP a breaded hook)))))) .)) (TOP (S (NP-SBJ-1 It) (ADVP just) (VP is n't (VP done (NP *-1))) .)) (TOP (S But (S-NOM-SBJ (NP-SBJ *) (VP employing (NP (NP this kind) (PP of (NP (NP gut-wrenching plea) (PP to (NP black consciousness))))))) (VP makes (S (NP-SBJ it) (ADJP-PRD (ADVP even more) unusual))) .)) (TOP (S (ADVP-TMP Still) , (NP-SBJ Mr. Carew) (VP thinks (SBAR 0 (S (NP-SBJ-4 he) (VP can (VP reach (NP (NP a good chunk) (PP of (NP (NP the (QP three million-plus) black homes) (SBAR (WHNP-3 0) (S (NP-SBJ he) (VP needs (NP *T*-3))))))) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP mailing (PP-CLR to (NP (NP the (QP almost 10,000) blacks) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP form (SBAR-NOM (WHNP-2 what) (S (NP-SBJ he) (VP calls (S (NP-SBJ *T*-2) `` (NP-PRD the grapevine)))))))))))))))))) . '')) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ The grapevine) (VP is n't (ADJP-PRD organized))) , but (S (NP-SBJ you and I) (VP know (SBAR 0 (S (NP-SBJ it) (VP exists)))))) , '' (VP says (S *T*-1)) (NP-SBJ-2 Mr. Carew) , (S-ADV (NP-SBJ *-2) (VP referring (PP-CLR to (NP (NP the often (ADJP uncannily small) world) (PP of (NP black (NX (NX professionals) and (NX community leaders)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD a (ADJP very personal) , ethnic style))) , '' (NP-SBJ Mr. Carew) (VP says (S *T*-1)) . ``)) (TOP (S (NP-SBJ I) (VP want (S (NP-SBJ (NP people) (UCP (PP-LOC in (NP (NP the barber shops) and (NP the beauty shops))) and (VP standing (PP-CLR in (NP line)) (PP-LOC at (NP the rib joints))))) (VP to (VP be (VP talking (PP-CLR about (NP the show))))))) .)) (TOP (S (S (NP-SBJ I) (VP want (S (NP-SBJ white America) (VP to (VP talk (PP-CLR about (NP it)) , (ADVP too) ,))))) but (S (NP-SBJ I) (VP 'm (ADJP-PRD convinced (SBAR that (S (NP-SBJ the grapevine) (VP is (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD happening)))))))))) . '')) (TOP (S (NP-SBJ ABC) (VP says (SBAR 0 (S (S (NP-SBJ it) (VP is (ADJP-PRD aware (PP of (NP (NP the producers ') action))))) , but (S (NP-SBJ-1 the mailing) (VP was (VP sent (NP *-1) (PP without (NP (NP the network 's) blessing)))))))) .)) (TOP (S (NP-SBJ The letter) , (PP in (NP fact)) , (VP takes (NP (NP a jab) (PP at (NP ABC)) (PP for (S-NOM (NP-SBJ *) (VP being (NP-PRD (NP a laggard) (PP-LOC in (NP black programming)))))))) .)) (TOP (S (S (ADVP-TMP Meanwhile) , (SBAR-TMP as (S (NP-SBJ-2 the Sunday evening show) (VP struggles (S (NP-SBJ *-2) (VP to (VP stay (ADJP-PRD afloat))) (PP-CLR against (NP (NP the tough competition) (PP of (S-TTL `` (NP-TPC-3 Murder) , (NP-SBJ She) (VP Wrote (NP *-3)))))))))) , '' (NP-SBJ-1 the grapevine idea) (VP is (VP threatening (S (NP-SBJ *-1) (VP to (VP turn (PP-CLR into (NP a weed)))))))) : (S (S (NP-SBJ The tactic) (ADVP apparently) (VP has (VP inspired (NP sample viewings)))) , but (S (NP-SBJ accolades) (VP are (ADJP-PRD slow (PP in (S-NOM (NP-SBJ *) (VP coming))))))) .)) (TOP (S (NP-SBJ (NP Doug Alligood) , (NP (NP a black advertising executive) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP tracks (NP black viewing patterns)))))) , (VP (VP gives (NP the Carews) (NP (NP an `` A '') (PP for (NP marketing moxie)))) , but (VP is n't (ADJP-PRD alone (PP in (NP his lukewarm reaction))))) .)) (TOP (S-1 (S (NP-SBJ Some shows) (ADVP just) (VP do n't (VP impress))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) and (S (NP-SBJ this) (VP is (NP-PRD (NP one) (PP of (NP them))))) .)) (TOP (S (NP-SBJ TransCanada PipeLines Ltd.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP shift (NP its headquarters) (PP-CLR to (NP (NP Calgary) , (NP-LOC Alberta))) , (PP-CLR from (NP Toronto)) (NP-TMP next year) (S-PRP (NP-SBJ *-2) (VP to (VP (VP cut (NP costs)) and (VP be (ADJP-PRD closer (PP to (NP the upstream natural-gas industry)))))))))))))) .)) (TOP (S (NP-SBJ (NP Gerald Maier) , (NP (NP (NP president) (PP *RNR*-1)) and (NP (NP chief executive officer) (PP *RNR*-1)) (PP-1 of (NP the natural-gas pipeline and marketing concern))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the company 's) future growth) (VP is `` (VP (ADVP-MNR increasingly) linked '' (PP-CLR to (NP (NP decisions) (VP made (NP *) (PP by (NP-LGS Calgary-based gas producers)))))))))) .)) (TOP (S `` (S-TPC-1 (PP-TMP Since (NP (NP deregulation) (PP of (NP the market)) (PP in (NP 1985)))) , (NP-SBJ producers) (VP have (VP become (ADJP-PRD (ADVP-MNR much more intensely) involved (PP in (NP both transportation and marketing)))))) , '' (NP-SBJ Mr. Maier) (VP said (S *T*-1)) . ``)) (TOP (S (S (NP-SBJ It) (VP 's (NP-PRD (NP a matter) (PP of (S-NOM (NP-SBJ *) (VP being (ADJP-PRD close (PP to (NP those suppliers))))))))) ; (S (NP-SBJ (NP many) (PP of (NP those companies))) (VP do n't (VP know (NP us) (ADVP-MNR (ADVP as well) (SBAR as (S (NP-SBJ they) (VP should (VP *?*)))))))) . '')) (TOP (S (NP-SBJ TransCanada) (VP transports (NP (NP all gas) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP moves (ADVP-DIR eastward) (PP-DIR from (NP Alberta))))))) .)) (TOP (S (NP-SBJ That) (VP includes (NP (NP (NP all the gas) (VP consumed (NP *) (PP-LOC in (NP Ontario and Quebec)))) , (PP along with (NP (NP the bulk) (PP of (NP (NP Canadian gas exports) (PP to (NP the)))))))))) (TOP (S (NP-SBJ (NP Walter Litvinchuk) , (NP (NP vice president) (PP of (NP (NP Pan-Alberta Gas Ltd.) , (NP a Calgary-based gas marketing concern)))) ,) (VP said (SBAR 0 (S (NP-SBJ the industry) (VP will (VP welcome (NP the move)))))) .)) (TOP (S `` (S-TPC-1 (S-NOM-SBJ (NP-SBJ *) (VP Having (NP (NP more) (PP than (NP a token presence))) (ADVP-LOC here))) (VP should (VP enhance (NP communications and business relationships)))) , '' (NP-SBJ Mr. Litvinchuk) (VP said (S *T*-1)) . ``)) (TOP (S (SBAR-PRP Since (S (NP-SBJ (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP transporting (NP gas))))) (VP is (ADJP-PRD so important (PP to (NP (NP producers ') ability (S (NP-SBJ *) (VP to (VP sell (NP it)))))))))) , (NP-SBJ (NP it) (S *EXP*-1)) (VP helps (S-1 (NP-SBJ *) (VP to (VP have (NP (NP input and access) (PP to (NP transportation companies))))))) . '')) (TOP (S (S-TPC-2 (NP-SBJ (NP The move) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP could (VP cost (NP TransCanada) (NP (NP as much) (PP as (NP (NP (QP 50 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 42.5 million) *U*) -RRB-)))) (PP in (NP relocation and severance payments)))))) ,) (VP should (VP be (ADJP-PRD complete) (PP-TMP by (NP next summer))))) , (NP-SBJ Mr. Maier) (VP said (S *T*-2)) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (QP All 700) Toronto-based employees) (VP will (VP be (VP offered (NP *-1) (NP (NP positions) (PP-LOC in (NP Calgary))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 The company) (VP will (VP save (NP (QP between C$ 4 million and C$ 6 million) *U*) (ADVP-TMP annually) (PP in (NP (NP office expenses) and (NP other administrative costs))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP moving (PP-DIR to (NP Calgary)))))))) , (NP-SBJ Mr. Maier) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP Part) (PP of (NP both (NP the costs) and (NP the savings)))) (VP could (VP be (VP passed (NP *-1) (PRT on) (PP-CLR to (NP (NP shippers) (PP-LOC on (NP the TransCanada pipeline)))) (PP-CLR through (NP (NP tolls) , (SBAR (WHNP-3 which) (S (NP-SBJ-2 *T*-3) (VP are (VP based (NP *-2) (PP-CLR on (NP (NP (NP the value) (PP of (NP the pipeline system))) and (NP (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP operating (NP it)))))))))))))))) .)) (TOP (S (NP-SBJ-1 TransCanada) (VP is (VP (NP-ADV 49.1 %) owned (NP *-1) (PP by (NP-LGS Montreal-based holding company BCE Inc)))) .)) (TOP (S (PP-TMP Since (NP (NP its founding) (PP-TMP in (NP 1818)))) , (NP-SBJ (NP Brooks Brothers) , (NP (NP the standard-bearer) (PP of (NP the Ivy League look))) ,) (VP has (VP eschewed (NP (NP (NP flashy sales promotions) and (NP fashion trends)) -- (NP (NP the rules) (SBAR (WHNP-1 that) (S (NP-SBJ most retailers) (VP live (PP-CLR by (NP *T*-1))))))))) .)) (TOP (S But (SBAR-ADV with (S (S (NP-SBJ sales growth) (ADJP-PRD sluggish)) and (S (NP-SBJ other (NP men 's) stores) (VP putting (PRT on) (NP the heat))))) , (NP-SBJ the venerable retailer) (VP can (ADVP-TMP no longer) (VP afford (NP such a smug attitude))) .)) (TOP (S So (ADVP-TMP (NP two weeks) ago) , (NP-SBJ (NP thousands) (PP of (NP (NP Brooks Brothers charge customers) -- (NP (NP customers) (VP conditioned (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP wait (PP-CLR for (NP twice-yearly clearance sales))))))) --))) (VP got (NP (NP a surprise) : (NP an invitation (S (NP-SBJ *) (VP to (VP (VP come (ADVP-DIR in)) and (VP buy (NP any one item) (PP-CLR for (NP (NP 25 %) (ADVP off)))))))))) .)) (TOP (S (PP-TMP During (NP the four-day promotion)) , (NP-SBJ-1 (NP shoppers) (PP-LOC at (NP the (NAC-LOC Short Hills , N.J. ,) store))) (VP lined (PRT up) (S-PRP (NP-SBJ *-1) (VP to (VP pay (PP-CLR for (NP (NP big-ticket items) (PP like (NP coats and suits)))))))) .)) (TOP (S (NP-SBJ That) (VP 's not (NP-PRD all)) .)) (TOP (S (S (NP-SBJ *-2) (VP Departing (PP-CLR from (NP (NP its newspaper ads) (VP featuring (NP (NP prim sketches) (PP of (NP (NP a suit) or (NP a coat))))))))) , (NP-SBJ-2 Brooks Brothers) (VP is (VP marketing (NP an updated image) (PP-LOC in (NP (NP a new campaign) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP carries (NP (NP the slogan) , `` (NP-TTL (NP The Surprise) (PP of (NP Brooks Brothers))))))))))) . '')) (TOP (S (S (NP-SBJ One color photo) (VP displays (NP (NP a rainbow) (PP of (NP dress shirts)) (VP tied (NP *) (PP-CLR in (NP a knot)))))) ; (S (NP-SBJ another picture) (VP shows (NP (NP neckties) (PP with (NP bold designs))))) .)) (TOP (S (S (NP-SBJ The message) (VP is (ADJP-PRD loud and clear))) : (S (NP-SBJ This) (VP is not (NP-PRD (NP your father 's) Brooks Brothers))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP its national ad pitch)))) , (NP-SBJ-1 Brooks Brothers) (VP will (VP show (NP (ADJP less preppy) (NP women 's) clothes) , (S-ADV (NP-SBJ *-1) (VP moving (ADVP-DIR away (PP from (NP its floppy-tie business stereotype))))))) .)) (TOP (S (NP-SBJ One ad) (VP shows (NP (NP a (ADJP bright red) jacket) (VP paired (NP *) (PP-CLR with (NP a black leather skirt))))) .)) (TOP (S (S And (NP-SBJ the ad copy) (VP is (ADJP-PRD cheeky))) : `` (SBARQ (WHADVP-1 How) (SQ can (NP-SBJ you) (VP be (NP-PRD a Wall Street hot shot) (ADVP-MNR *T*-1) (PP without (NP (NP (QP at least one) Brooks Brothers suit) (PP-LOC in (NP your portfolio))))))) ? '')) (TOP (S (NP-SBJ Brooks Brothers) (VP hopes (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP shaking (NP its time-honored traditions))) (VP will (VP (VP attract (NP (NP more young men) and (NP more women))) and (VP change (NP (NP consumer perceptions) (PP about (NP (NP its range) (PP of (NP merchandise))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ We) (VP have (NP (NP (NP men) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP only) (VP buy (NP their shirts and underwear) (ADVP-LOC here))))) or (NP (NP younger customers) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (ADVP only) (VP buy (NP their -LCB- job -RCB- interview suit) (ADVP-LOC here)))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP William Roberti) , (NP (NP (NP chairman) (PP *RNR*-4)) and (NP (NP chief executive officer) (PP *RNR*-4)) (PP-4 of (NP Brooks Brothers)))) . ``)) (TOP (S (NP-SBJ We) (VP want (S (NP-SBJ them) (VP to (VP buy (NP (NP more) (PP of (NP their wardrobe))) (ADVP-LOC here))))) . '')) (TOP (S (NP-SBJ Industry watchers) (VP agree (SBAR that (S (NP-SBJ-2 Brooks Brothers) (VP is (ADJP-PRD long overdue) (PP in (S-NOM (NP-SBJ *-2) (VP updating (NP (NP its buttoned-down image) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP stunted (NP its growth))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 *) (VP acquired (NP *-1) (PP-TMP in (NP May 1988)) (PP by (NP-LGS British retailer Marks & Spencer PLC)) (ADVP-TMP *T*-2)))) , (NP-SBJ (NP Brooks Brothers ') annual operating profit) (VP was (NP-PRD (QP about $ 41.8 million) *U*) (PP on (NP (NP sales) (PP of (NP (QP $ 290.1 million) *U*))))) .)) (TOP (S (NP-SBJ Mr. Roberti) (VP concedes (SBAR that (S (PP-TMP since (NP the (ADJP (QP $ 750 million) *U*) takeover)) , `` (NP-SBJ sales growth) (VP has n't (VP been (ADJP-PRD dramatic)))))) . '')) (TOP (S (PP For (NP (NP the 11 months) (VP ended (NP-TMP March 31)))) , (NP-SBJ (NP operating profit) (PP-LOC at (NP the 52-store chain))) (VP totaled (NP (QP $ 40.5 million) *U*) (PP on (NP (NP sales) (PP of (NP (QP $ 286.8 million) *U*))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ Brooks Brothers) (VP jumps (PP-CLR into (NP the fashion fray))))) , (NP-SBJ it) (VP will (VP be (VP playing (NP catch up)))) .)) (TOP (S (NP-SBJ (NP Many clothiers) , (ADVP especially) (NP Ralph Lauren)) , (VP have (VP cashed (PRT in) (PP-CLR on (NP (NP the recent popularity) (PP of (NP updated (UCP (NP Ivy League) and English) styles)))))) .)) (TOP (S (PP In (NP (NP keeping) (PP with (NP (NP (NP men 's) broader fashion scope) (NP-TMP today))))) , (NP-SBJ businessmen) (VP are (VP dabbling (PP-CLR in (NP (NP (ADJP English and Italian) suits) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD (ADJP conservative) but not (ADJP stodgy))))))))) .)) (TOP (S (NP-SBJ (NP The rigid Ivy League customer) , (NP (NP Brooks Brothers ') bread and butter)) , (ADVP-TMP meanwhile) (VP is (VP becoming (ADJP-PRD extinct))) .)) (TOP (S Thus , (NP-SBJ Brooks Brothers) (VP has (VP lost (NP customers) (PP-CLR to (NP (NP stores) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP offer (NP more variety)))) (PP such as (NP (NP Paul Stuart) , (NP Barneys New York) and (NP Louis , Boston))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Brooks Brothers) (ADVP-TMP no longer) (VP has (NP (NP a lock) (PP on (NP (NP the -LCB- Ivy League -RCB- customer) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD status-conscious (PP about (NP his clothes))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Charlie Davidson) , (NP (NP president) (PP of (NP (NP the Andover Shop) , (NP (NP a traditional (NP men 's) store) (PP-LOC in (NP (NP Cambridge) , (NP Mass)))))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP making (NP (NP a break) (PP from (NP tradition)))))) , (NP-SBJ-1 Brooks Brothers) (VP is (VP seeking (NP a delicate balance))) .)) (TOP (S (S (SBAR-ADV If (S (NP-SBJ it) (VP promotes (NP fashion) (ADVP-MNR too much)))) , (NP-SBJ-1 the shop) (VP risks (S (NP-SBJ *-1) (VP alienating (NP its old-line customers))))) ; (S (PP-MNR by (S-NOM (NP-SBJ *-2) (VP emphasizing `` (NP value)))) , '' (NP-SBJ-2 it) (VP risks (S (NP-SBJ *-2) (VP watering (PRT down) (NP its high-minded mystique))))) .)) (TOP (S (NP-SBJ Fashion industry consultants) (ADVP also) (VP question (SBAR whether (S (NP-SBJ the company) (VP can (VP make (NP significant strides) (PP-LOC in (NP (NP its women 's) business)))))) , (PP given (SBAR (SBAR that (S (NP-SBJ its customer base) (VP is (ADJP-PRD less established)))) and (SBAR that (S (NP-SBJ (NP conservative business dress) (PP for (NP women))) (VP is (PP-PRD on (NP the decline)))))))) .)) (TOP (S (NP-SBJ (NP Brooks Brothers ') aim) (VP is (SBAR-PRD for (S (NP-SBJ (NP (NP 20 %) (PP of (NP total sales)))) (VP to (VP come (PP-CLR from (NP (NP the women 's) department)) , (ADVP up (PP from (NP the current 12 %)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Everybody) (VP forgets (SBAR that (S (NP-SBJ there) (VP are (NP-PRD fashion cycles) (PP-LOC in (NP classic merchandise))))))) , '' (VP observes (S *T*-1)) (NP-SBJ (NP Carol Farmer) , (NP a retail consultant)) .)) (TOP (S `` (PP For (NP-1 women)) , (S-NOM-SBJ (NP-SBJ *-1) (VP dressing (PP-CLR for (NP success)) (PP-MNR in (NP a (ADJP real structured) way)))) (VP is (ADJP-PRD over)) . '')) (TOP (S (PP Despite (NP these challenges)) , (NP-SBJ-1 Marks & Spencer) (VP sees (NP big potential) (PP-CLR in (NP Brooks Brothers)) , (S-ADV (NP-SBJ *-1) (VP noting (NP the (NX (NX (ADJP widely recognized) name) and (NX global presence)))))) .)) (TOP (S (NP-SBJ-1 Marks & Spencer) (VP plans (S (NP-SBJ *-1) (VP to (VP open (NP (ADJP (QP roughly 18) more) U.S. stores) (PP-TMP in (NP the next five years)))))) .)) (TOP (S (NP-SBJ Brooks Brothers) (VP says (SBAR 0 (S (NP-SBJ business) (VP is (ADJP-PRD robust) (PP-LOC at (NP (NP (NP its 30 outlets) (PP-LOC in (NP Japan))) and (NP (NP two shops) (PP-LOC in (NP Hong Kong))))))))) .)) (TOP (S (NP-SBJ-1 Marks & Spencer) (VP is (ADVP also) (VP considering (S (NP-SBJ *-1) (VP opening (NP stores) (ADVP-LOC across (NP Europe)) (PP-TMP (ADVP sometime) in (NP the future)))))) .)) (TOP (S (NP-SBJ (NP Alan Smith) , (NP (NP president) (PP of (NP (NP Marks & Spencer) (NP-LOC (NP North America) and (NP Far East))))) ,) (VP says (SBAR that (S (NP-SBJ (NP Brooks Brothers ') focus) (VP is (S-PRD (NP-SBJ *) (VP to (VP boost (NP sales) (PP-MNR by (S-NOM (NP-SBJ-1 *) (VP broadening (NP its merchandise assortment) (SBAR-TMP while (S (NP-SBJ *-1) (VP keeping (NP its `` traditional emphasis)))))))))))))) . '')) (TOP (S (S (NP-SBJ The British parent) (VP is (ADVP also) (VP streamlining))) : (S (NP-SBJ (NP Brooks Brothers) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP continues (S (NP-SBJ *-2) (VP to (VP make (NP (NP almost all) (PP of (NP its merchandise))))))))) ,) (ADVP-TMP recently) (VP (VP shut (NP (NP one) (PP of (NP (NP its two shirt plants) (PP-LOC in (NP (NP Paterson) , (NP-LOC N.J.) ,)))))) and (VP has (VP closed (NP (NP boys ') departments) (PP-LOC in (NP (QP all but 20) stores)))))) .)) (TOP (S (NP-SBJ Brooks Brothers) (VP is (ADVP also) (VP remodeling (NP its stores))) .)) (TOP (S (NP-TMP Wednesday) , (NP-SBJ it) (VP will (VP unveil (NP (NP a (ADJP (QP $ 7 million) *U*) refurbishing) (PP-LOC at (NP (NP its flagship store) (PP-LOC on (NP Madison Avenue))))))) .)) (TOP (S (PP With (NP (ADJP newly installed) escalators)) , (NP-SBJ the store) (VP (VP retains (NP its signature wood-and-brass look)) but (VP is (ADJP-PRD less intimidating))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 More shirts and sweaters) (VP will (VP be (VP laid (NP *-1) (PRT out) (PP-CLR on (NP tables)) , (PP instead of (S-NOM (NP-SBJ *) (VP sitting (PP-LOC-CLR behind (NP glass cases))))) , (SBAR-PRP so that (S (NP-SBJ customers) (VP can `` (VP (VP walk (ADVP-DIR up)) and (VP touch (NP them)))))))))) , '' (NP-SBJ Mr. Roberti) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ (NP the biggest growth) (PP-LOC in (NP menswear))) (VP is (PP-LOC-PRD in (NP casual sportswear))))) , (NP-SBJ Brooks Brothers) (VP is (VP chasing (NP (NP more) (PP of (NP that business))))) .)) (TOP (S (NP-SBJ (NP The entire second floor) (PP of (NP its Madison Avenue store))) (VP is (ADVP-TMP now) (NP-PRD (NP casual sportswear) (VP featuring (NP (NP items) (PP such as (NP (NP ski sweaters) , (NP leather backpacks) and (NP (NP a (ADJP $ 42 *U*) wool baseball hat) (PP with (NP (NP the store 's) crest))))))))) .)) (TOP (S (NP-SBJ (NP The centerpiece) (PP of (NP the overhaul))) , (PP according (PP to (NP Mr. Roberti))) , (VP is (NP-PRD (NP the (NP men 's) tailored clothing department) , (SBAR (WHADVP-1 where) (S (NP-SBJ Brooks Brothers) (VP has (VP added (NP new (NX (NX suit styles) and (NX fabrics))) (ADVP-LOC *T*-1))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP The perception) (ADVP-LOC out there)) (VP is (SBAR-PRD that (S (S (NP-SBJ we) (VP are (ADJP-PRD very conservative))) and (S (NP-SBJ we) (ADVP only) (VP sell (NP (NP one type) (PP of (NP suit))))))))) , '' (NP-SBJ-1 Mr. Roberti) (VP says (S *T*-2) , (S-ADV (NP-SBJ *-1) (VP referring (PP-CLR to (NP (NP (NP Brooks Brothers ') signature three-button `` sack suit , '') (PP with (NP a (NX (NX center-vented jacket) and (NX boxy fit))))))))) .)) (TOP (S But (NP-SBJ it) (ADVP-TMP now) (VP offers (NP (NP more two-button versions) and (NP (NP suits) (PP with (NP a tapered fit))))) .)) (TOP (S (NP-SBJ-1 It) (ADVP also) (VP plans (S (NP-SBJ *-1) (VP to (VP add (NP (NP suits) (VP cut (NP *) (PP-CLR for (NP (NP athletic men) (PP with (NP broader upper bodies)))))))))) .)) (TOP (S (NP-TMP Next spring) , (NP-SBJ (NP (QP nearly 30) %) (PP of (NP its suits))) (VP will (VP have (NP pleated pants) , (PP compared (PP with (NP (NP virtually none) (ADVP-TMP (NP (NP a couple) (PP of (NP years))) ago)))))) .)) (TOP (SINV (VP Says (S *ICH*-2)) (NP-SBJ Mr. Roberti) : `` (S-2 (NP-SBJ-1 We) (VP want (S (NP-SBJ *-1) (VP to (VP turn (NP the customer) (PRT on)))))) .)) (TOP (S (NP-SBJ Ferro Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP buy (ADVP-CLR back) (NP (QP as many as one million) common shares)))))) .)) (TOP (S (NP-SBJ (NP The maker) (PP of (NP chemical and industrial materials))) (VP did n't (VP say (SBAR (SBAR-NOM (WHNP-3 how much) (S (NP-SBJ it) (VP would (VP pay (NP *T*-3))))) or (SBAR (WHADVP-2 when) (S (NP-SBJ it) (VP would (VP make (NP the transactions) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (NP-SBJ Ferro) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP cancel (NP (NP the unused portion) (PP of (NP a 1987 buy-back plan))) (PP-PRP for (NP administrative reasons))))))) .)) (TOP (S (NP-SBJ The plan) (VP calls (SBAR-CLR for (S (NP-SBJ the company) (VP to (VP buy (ADVP-CLR back) (NP 2,250,000 shares))))) , (SBAR-ADV (WHNP-3 which) (S (NP-SBJ *T*-3) (VP reflects (NP (NP a 3-for-2 stock split) (NP-TMP this year)))))) .)) (TOP (S (ADVP-TMP So far) (NP-SBJ the company) (VP had (VP bought (ADVP-CLR back) (NP (QP 1.6 million) shares))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP Friday) , (NP-SBJ Ferro) (VP closed (PP-LOC-CLR at (NP $ 25.25 *U*)) , (ADVP down (NP 50 cents))) .)) (TOP (S (NP-SBJ Arthur Price) (VP (ADVP-MNR abruptly) quit (PP-CLR as (NP (NP (NP president) (PP *RNR*-2)) and (NP (NP chief executive officer) (PP *RNR*-2)) (PP-2 of (NP (NP MTM Entertainment Inc.) , (NP (NP a Los Angeles production company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP fallen (PP-CLR on (NP hard times)))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Price) , (ADJP (NP 61 years) old) ,) (ADVP also) (VP stepped (ADVP-DIR down (PP from (NP (NP the board) (PP of (NP (NP TVS Entertainment PLC) , (NP (NP the British TV company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (NP-TMP last year) (VP bought (NP (NP MTM) , (NP (NP producer) (PP of (NP (NP such TV programs) (PP as (NP `` (NP-TTL Hill Street Blues) '' and `` (NP-TTL The Mary Tyler Moore Show))))))))))))))))) . '')) (TOP (S (NP-SBJ A TVS spokesman) (VP said (SBAR 0 (S (NP-SBJ he) (VP did n't (VP know (NP (NP Mr. Price 's) plans)))))) .)) (TOP (S (NP-SBJ (NP James Gatward) , (NP (NP TVS 's) chief executive) ,) (VP said (PP-LOC in (NP a statement)) (SBAR that (S (NP-SBJ he) (VP will `` (VP assume (NP (NP overall responsibility) '' (PP for (NP (NP MTM 's) operations))) (SBAR-TMP until (S (NP-SBJ-1 a successor) (VP is (VP named (NP *-1)))))))))) .)) (TOP (S (NP-SBJ Industry analysts) (VP speculated (SBAR that (S (NP-SBJ (NP Mr. Price 's) sudden departure) (VP may (VP have (VP stemmed (PP-CLR from (NP (NP conflicts) (PP with (NP Mr. Gatward)))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 Mr. Price) `` (VP (VP wanted (S (NP-SBJ *-1) (VP to (VP run (NP the MTM business))))) '' and (VP may (VP have (VP regretted (S (NP-SBJ *-1) (VP selling (NP the company) (PP-CLR to (NP TVS))))))))) , (VP suggested (SBAR 0 (S *T*-2))) (NP-SBJ (NP Charles Denton) , (NP (NP managing director) (PP of (NP (NP Zenith Productions) , (NP (NP a subsidiary) (PP of (NP (NP Carlton Communications PLC) , (NP-LOC London)))))))) .)) (TOP (S (S (NP-SBJ-2 Mr. Gatward) (VP declined (S (NP-SBJ *-2) (VP to (VP comment))))) , and (S (NP-SBJ-1 Mr. Price) (VP could n't (VP be (VP reached (NP *-1) (PP-TMP on (NP Friday)))))) .)) (TOP (S (PP-LOC In (NP the TVS statement)) , (NP-SBJ Mr. Price) (VP (VP said (SBAR 0 `` (S (S-NOM-SBJ (NP-SBJ *) (VP leaving (NP MTM))) (VP was (NP-PRD a (ADJP very difficult) decision))))) , '' but (VP added (SBAR that `` (S (NP-SBJ it) (VP is (ADVP-TMP now) (NP-PRD (NP time) (PP for (NP a change)))))))) ... . '')) (TOP (S (NP-SBJ (NP The (ADJP (QP $ 320 million) *U*) purchase) (PP of (NP MTM))) (VP represented (NP (NP an audacious international move) (PP for (NP (NP TVS) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP then) (VP was (NP-PRD (QP about half) (NP the U.S. concern 's) size)))))))) .)) (TOP (S (PP-TMP At (NP the time)) , (NP-SBJ Mr. Gatward) (VP said (SBAR 0 (S (NP-SBJ (NP his friendship) (PP with (NP Mr. Price))) (VP had (VP smoothed (NP (NP the way) (PP for (NP (NP its link) (PP with (NP the small British company)))))))))) .)) (TOP (S But (NP-SBJ-1 TVS) (VP stunned (NP industry analysts) (NP-TMP last month) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP disclosing (SBAR that (S (NP-SBJ it) (VP expected (S (NP-SBJ MTM) (VP to (VP post (NP (NP an operating loss) (PP for (NP this year))))))))))))) .)) (TOP (S (PP-LOC In (NP that announcement)) , (NP-SBJ TVS) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (VP (VP trimming (NP production finance)) and (VP hiring (NP a new U.S. sales manager))))))) .)) (TOP (S (S (NP-SBJ Mr. Gatward) (VP has (VP spent (NP (NP a lot) (PP of (NP time))) (PP-TMP since (NP late September)) (PP-LOC at (NP (NP MTM 's) headquarters))))) ; (S (NP-SBJ he) (VP (VP eliminated (NP three departments)) and (VP fired (NP six executives)) , (PP according (PP to (NP the TVS spokesman))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Further staff cuts) (VP are (ADJP-PRD likely))) , (NP-SBJ the spokesman) (VP indicated (SBAR 0 (S *T*-1))) .)) (TOP (S `` (ADVP Obviously) , (NP-SBJ we) (VP are (VP looking (PP-CLR at (S-NOM (NP-SBJ *) (VP making (NP economies) (ADVP-LOC across (NP the board))))))) . '')) (TOP (S (NP-SBJ TVS) (VP blames (NP (NP difficulties) (PP in (S-NOM (NP-SBJ *) (VP peddling (NP (NP reruns) (PP of (NP MTM shows))) (PP-CLR to (NP U.S. broadcasters)))))) (PP-CLR for (NP (NP the problems) (PP-LOC at (NP MTM))))) .)) (TOP (S (NP-SBJ (NP The market) (PP for (NP (NP reruns) (VP sold (NP *) (PP-CLR to (NP local U.S. broadcasters)))))) (VP has (VP been (ADJP-PRD weak) (PP-TMP for (NP the past (QP three or four) seasons)))) .)) (TOP (S (NP-SBJ Mr. Price) (VP co-founded (NP MTM) (PP-TMP in (NP 1969)) (PP with (NP (NP U.S. actress Mary Tyler Moore) and (NP (NP Grant Tinker) , (NP her then-husband))))) .)) (TOP (S (NP-SBJ-1 Mr. Tinker) (ADVP-TMP later) (VP left (S-PRP (NP-SBJ *-1) (VP to (VP become (NP-PRD (NP chairman) (PP of (NP National Broadcasting Co))))))) .)) (TOP (S (NP-SBJ The TVS spokesman) (VP said (SBAR 0 (S (NP-SBJ Mr. Price) (ADVP-TMP still) (VP holds (NP (NP about an (ADJP 8 %) TVS stake) , (VP acquired (NP *) (PP-CLR as (NP (NP part) (PP of (NP the MTM acquisition)))))))))) .)) (TOP (S (PP-LOC In (NP late trading)) (PP-LOC on (NP (NP London 's) Stock Exchange)) (NP-TMP Friday) , (NP-SBJ TVS shares) (VP rose (NP-EXT four pence) (PP-DIR to (NP (NP 195 pence) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ (NP Two rival bidders) (PP for (NP Connaught BioSciences))) (VP extended (NP their offers (S (NP-SBJ *) (VP to (VP acquire (NP the Toronto-based vaccine manufacturer))))) (NP-TMP Friday)) .)) (TOP (S (NP-SBJ (NP Institut Merieux S.A.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP offered (NP (NP (NP (QP 942 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 801.2 million) *U*) -RRB-)) , or (NP (NP C$ 37 *U*) (NP-ADV a share))) (PP-CLR for (NP Connaught))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP extend (NP (NP its bid) , (ADJP due (S (NP-SBJ *) (VP to (VP expire (NP-TMP last Thursday))))) ,) (PP-CLR to (NP Nov. 6))))))) .)) (TOP (S (NP-SBJ-1 (NP A (ADJP C$ 30-a-share *U*) bid) (PP by (NP (NP (NP Ciba-Geigy Ltd.) , (NP (NP a pharmaceutical company) (VP based (NP *) (PP-LOC-CLR in (NP (NP Basel) , (NP Switzerland)))))) , and (NP (NP California-based Chiron Corp.) , (NP a bioresearch concern) ,)))) (VP was (VP extended (NP *-1) (PP-CLR to (NP Nov. 16)))) .)) (TOP (S (NP-SBJ It) (VP had (VP been (ADJP-PRD due (S (NP-SBJ *) (VP to (VP expire (NP-TMP Friday evening))))))) .)) (TOP (S (NP-SBJ Merieux) (ADVP-TMP previously) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP ensure (SBAR 0 (S (NP-SBJ its bid) (VP remained (ADJP-PRD open) (PP pending (NP (NP a final decision) (PP by (NP Canadian regulators)) (PP on (SBAR whether (S (NP-SBJ *) (VP to (VP approve (NP the takeover)))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Merieux) , (NP (NP a vaccine and bioresearch firm) (VP based (NP *) (PP-LOC-CLR in (NP (NP Lyon) , (NP France))))) ,) (VP is (VP controlled (NP *-1) (NP-ADV 50.1 %) (PP by (NP-LGS state-owned Rhone Poulenc S.A)))) .)) (TOP (S (NP-SBJ The Canadian government) (ADVP-TMP previously) (VP said (SBAR 0 (S (NP-SBJ-2 (NP Merieux 's) bid) (VP did n't (VP (VP offer (NP enough `` net benefit '') (PP-CLR to (NP Canada)) (S-PRP (NP-SBJ-1 *-2) (VP to (VP be (VP approved (NP *-1)))))) , and (VP gave (NP-3 Merieux) (NP an (X until mid-November)) (S-PRP (NP-SBJ *-3) (VP to (VP submit (NP additional information)))))))))) .)) (TOP (S (NP-SBJ Merieux officials) (VP said (NP-TMP last week) (SBAR that (S (NP-SBJ they) (VP are (ADJP-PRD `` highly confident '' (SBAR 0 (S (NP-SBJ-1 the offer) (VP will (VP be (VP approved (NP *-1) (SBAR-TMP once (S (NP-SBJ it) (VP submits (NP (NP details) (PP of (NP its proposed investments))) (PP-CLR to (NP federal regulators))))))))))))))) .)) (TOP (S (NP-SBJ Both offers) (VP are (ADJP-PRD conditional (PP on (NP (NP regulatory approvals) and (S-NOM (NP-SBJ enough shares) (VP being (VP tendered (S-PRP (NP-SBJ *) (VP to (VP give (NP the bidders) (NP (NP a majority) (PP of (NP (NP (NP Connaught 's) shares) (ADJP outstanding)))))))))))))) .)) (TOP (S (NP-SBJ (NP Institut Merieux) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP already) (VP holds (NP (NP a (ADJP 12.5 %) stake) (PP in (NP Connaught)))))) ,) (VP said (SBAR that (S (PP-TMP at (NP (NP the close) (PP of (NP business)))) (NP-TMP Thursday) , (NP-SBJ-2 (NP (NP 5,745,188 shares) (PP of (NP Connaught))) and (NP (NP (ADJP (QP C$ 44.3 million) *U*) face amount) (PP of (NP debentures)) , (ADJP convertible (PP into (NP 1,826,596 common shares))) ,)) (VP had (VP been (VP tendered (NP *-2) (PP-CLR to (NP its offer)))))))) .)) (TOP (S (PP-TMP At (NP (NP the close) (PP of (NP business)))) (NP-TMP Thursday) , (NP-SBJ Ciba-Geigy and Chiron) (VP said (SBAR 0 (S (NP-SBJ-1 11,580 common shares) (VP had (VP been (VP tendered (NP *-1) (PP-CLR to (NP their offer)))))))) .)) (TOP (S (PP-TMP At (NP last report)) , (NP-SBJ Connaught) (VP had (NP (NP (QP 21.8 million) shares) (ADJP outstanding))) .)) (TOP (S (ADVP Separately) , (NP-SBJ the Ontario Supreme Court) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP postpone (ADVP-TMP indefinitely) (NP (NP a ruling) (PP on (NP (NP the lawsuit) (VP launched (NP *) (PP by (NP-LGS (NP the University) (PP of (NP Toronto)))) (PP-CLR against (NP Connaught)) (PP in (NP (NP connection) (PP with (NP the Merieux bid))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a statement) (VP prepared (NP *) (PP by (NP-LGS lawyers)) (PP-CLR for (NP (NP the university) and (NP Connaught)))))) , (NP-SBJ the parties) (VP said (SBAR 0 (S (NP-SBJ they) (VP agreed (SBAR that (S (PP-PRP as (NP (NP a result) (PP of (S-NOM (NP-SBJ *) (VP reaching (NP a (ADJP (QP C 415 million) *U*) research accord)))))) , `` (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADJP-PRD unnecessary) (SBAR-1 that (S (NP-SBJ there) (VP be (NP-PRD (NP a judgment) (PP on (NP (NP the merits) -LCB- (PP of (NP the case)) -RCB-))) (PP-TMP at (NP this time)))))))))))) . '')) (TOP (S (NP-SBJ (NP Lawyers) (PP for (NP the two sides))) (VP were n't (ADVP-TMP immediately) (ADJP-PRD available (PP for (NP comment)))) .)) (TOP (S (NP-SBJ The university) (VP had (VP sought (NP (NP an injunction) (VP blocking (NP-1 (NP Connaught 's) board) (PP-CLR from (NP (S-NOM (NP-SBJ *-1) (VP recommending or supporting (NP (NP an offer) (PP for (NP the company)) (PP by (NP Merieux))))))))))) .)) (TOP (S (NP-SBJ Conseco Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP calling (PP-CLR for (NP (NP the redemption) (PP-TMP on (NP Dec. 7)) (PP of (NP (NP all the 800,000 remaining shares) (ADJP outstanding) (PP of (NP its (ADJP $ 1.875 *U*) Series A convertible preferred stock)))) (PP at (NP (NP $ 26.805 *U*) (NP-ADV a share)))))))))) .)) (TOP (S (NP-SBJ The insurance concern) (VP said (SBAR 0 (S (NP-SBJ (NP all conversion rights) (PP on (NP the stock))) (VP will (VP terminate (PP-TMP on (NP Nov. 30))))))) .)) (TOP (S (PP-TMP Until (NP then)) , (NP-SBJ Conseco) (VP said (SBAR 0 (S (NP-SBJ the stock) (VP remains (ADJP-PRD convertible (PP into (NP common stock)) (PP at (NP (NP the rate) (PP of (NP (NP 1.439 shares) (PP of (NP common stock)) (PP for (NP (NP each share) (PP of (NP preferred stock)) ,)))) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD equivalent (PP to (NP (NP a conversion price) (PP of (NP (NP $ 17.50 *U*) (NP-ADV a common share)))))))))))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange trading)) (NP-TMP Friday) , (NP-SBJ Conseco) (VP closed (PP-LOC-CLR at (NP $ 19.50 *U*)) , (ADVP down (NP 25 cents))) .)) (TOP (S (NP-SBJ Centerior Energy Corp.) (VP said (SBAR 0 (S (NP-SBJ the Ohio Water Development Authority) (VP approved (NP (NP terms) (PP for (NP (NP two series) (PP of (NP (NP tax-exempt bonds) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP finance (NP a water-pollution control and solid-waste disposal facilities)))))))))))))) .)) (TOP (S (NP-SBJ The authority) (VP will (VP issue (NP (NP a total) (PP of (NP (NP (QP $ 446.5 million) *U*) (PP of (NP pollution-control revenue bonds))))))) .)) (TOP (S (NP-SBJ-1 (NP Proceeds) (PP of (NP the sale))) (VP will (VP go (PP-DIR to (NP (NP Centerior 's) operating subsidiaries)) (S-PRP (NP-SBJ *-1) (VP to (VP finance (NP (NP the projects) , (VP located (NP *) (PP-LOC-CLR at (NP (NP a nuclear unit) (VP located (NP *) (PP-LOC-CLR near (NP Cleveland)))))))))))) .)) (TOP (S (NP-SBJ-1 The bonds) (VP will (VP be (VP issued (NP *-1) (PP-CLR for (NP (NP a term) (PP of (NP 34 years)))) (PP-CLR at (NP (NP an interest rate) (PP of (NP 8 %))))))) .)) (TOP (S (NP-SBJ Goldman , Sachs & Co.) (VP is (NP-PRD the underwriter)) .)) (TOP (S (NP-SBJ (NP General Motors Corp. 's) GMC Truck division) (VP put (NP a (ADJP $ 750 *U*) cash incentive) (PP-CLR on (NP its 1990 full-sized Jimmy and Suburban trucks))) .)) (TOP (S (NP-SBJ (NP The program) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP runs (PP-TMP through (NP Jan. 4))))) ,) (ADVP also) (VP offers (NP low-rate financing) (PP in (NP (NP lieu) (PP of (NP the cash rebate))))) .)) (TOP (S (PP-TMP After (NP (NP days) (PP of (NP (ADJP intense but fruitless) negotiations)))) , (NP-SBJ-1 a federal judge) (NP-TMP last week) (VP threatened (S (NP-SBJ *-1) (VP to (VP convert (NP (NP William Herbert Hunt 's) Chapter 11 personal bankruptcy case) (PP-CLR into (NP a Chapter 7 liquidation)))))) .)) (TOP (S (NP-SBJ Judge Harold C. Abramson) (VP raised (NP the possibility) (SBAR-TMP after (S (S (NP-SBJ (NP talks) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP end (NP (NP a feud) (PP between (NP two major creditors)))))))) (VP failed)) and (S (NP-SBJ (NP all three reorganization plans) (PP-LOC in (NP the case))) (VP ran (PP-CLR into (NP roadblocks))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 the case) (VP is (VP converted (NP *-1) (PP-CLR to (NP Chapter 7)))))) , (SBAR-NOM-SBJ-5 (WHNP-3 what) (S (NP-SBJ *T*-3) (VP remains (PP-CLR of (NP (NP the oil tycoon 's) once-vast estate))))) (PRN -- (S-ADV (NP-SBJ-4 *-5) (ADVP-TMP now) (VP believed (S (NP-SBJ *-4) (VP to (VP have (NP (NP a value) (PP of (NP (QP less than $ 125 million) *U*)))))))) --) (VP would (VP be (VP sold (PRT off) (ADVP-TMP quickly) (PP with (S-NOM (NP-SBJ (NP most) (PP of (NP the proceeds))) (VP going (PP-DIR to (NP (NP the Internal Revenue Service) , (SBAR (WHNP-2 (NP whose claim) (PP for (NP (NP (QP $ 300 million) *U*) (PP in (NP back taxes))))) (S (NP-SBJ *T*-2) (VP has (NP priority) (PP-LOC in (NP the case))))))))))))) .)) (TOP (S (NP-SBJ (NP Hundreds) (PP of (NP smaller creditors))) (VP could (VP get (NP nothing) , (PP according (PP to (NP (NP attorneys) (VP involved (NP *))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ *-2) (VP admitting (SBAR 0 (S (NP-SBJ such a move) (VP would (VP be (ADJP-PRD `` devastating '') (PP to (NP most creditors))))))))) , (NP-SBJ-2 Judge Abramson) (VP told (NP (NP a courtroom) (VP filled (NP *) (PP-CLR with (NP (QP nearly two dozen) attorneys)))) (SBAR that (S (NP-SBJ-1 he) (VP was (VP concerned (NP *-1) (PP-CLR (PP about (NP (NP the toll) (SBAR (WHNP-3 0) (S (NP-SBJ mounting legal bills) (VP will (VP take (NP *T*-3) (PP-CLR on (NP (NP Mr. Hunt 's) shrinking estate)))))))) and (PP about (NP the fact (SBAR that , (S (PP-TMP following (NP (NP voting) (PP by (NP creditors)))) , (NP-SBJ-4 (NP none) (PP of (NP the reorganization plans))) (VP appeared (S (NP-SBJ *-4) (VP to (VP be (ADJP-PRD viable) (PP in (NP their present form)))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP It) (S *EXP*-1)) (VP would (VP be (NP-PRD a shame) (S-1 (NP-SBJ *) (VP to (VP have (NP a Chapter 7)))) (PP-TMP after (NP (NP all the progress) (PP-LOC in (NP this case))))))) , '' (VP said (S *T*-2)) (NP-SBJ Judge Abramson) .)) (TOP (S (PP-LOC Under (NP (NP Chapter 11) (PP of (NP the Federal Bankruptcy Code)))) , (NP-SBJ-1 a company) (VP continues (S (NP-SBJ *-1) (VP to (VP operate (PP-LOC under (NP (NP protection) (PP from (NP (NP creditors ') lawsuits)))) (SBAR-TMP while (S (NP-SBJ it) (VP works (PRT out) (NP (NP a plan) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP pay (NP its debts) (ADVP-MNR *T*-2))))))))))))) .)) (TOP (S (PP-LOC Under (NP Chapter 7)) , (NP-SBJ-1 (NP the assets) (PP of (NP a company))) (VP are (VP sold (PRT off) (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP pay (NP creditors)))))) .)) (TOP (S (PP Despite (NP his reluctance (S (NP-SBJ *) (VP to (VP take (NP the latter step)))))) , (NP-SBJ the judge) (VP indicated (SBAR 0 (S (NP-SBJ-1 he) (VP would (VP move (ADVP-MNR quickly) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP hearing (NP testimony) (NP-TMP later this week) (PP-LOC in (NP (NP the bitter dispute) (PP between (NP (NP Manufacturers Hanover Trust Co.) and (NP (NP Minpeco S.A.) , (NP (NP a minerals concern) (VP owned (NP *) (PP by (NP-LGS the Peruvian governmemt))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The Manufacturers Hanover Corp. unit) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP seeking (NP (NP repayment) (PP of (NP a (ADJP (QP $ 36 million) *U*) loan))))))) ,) (VP has (VP asked (NP-3 the court) (S (NP-SBJ *-3) (VP to (VP give (NP its claim) (NP (NP priority) (PP over (NP (NP that) (PP of (NP (NP Minpeco) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP won (NP (NP a (ADJP (QP $ 132 million) *U*) judgment) (PP against (NP (NP Mr. Hunt) , (NP his brother Nelson Bunker Hunt) and (NP other defendants)))) (NP-TMP last year) (PP-LOC in (NP (NP a case) (VP stemming (PP-CLR from (NP their alleged attempts (S (NP-SBJ *) (VP to (VP corner (NP the silver market) (FRAG (PP in))))))))))))))))))))))))) (TOP (S (SBAR-ADV While (S (NP-SBJ *-1) (VP claiming (SBAR that (S (NP-SBJ (NP penalties) , (NP legal fees) and (NP interest)) (VP have (VP driven (NP (NP the value) (PP of (NP its claim))) (PP-CLR to (NP (QP more than $ 250 million) *U*))))))))) , (NP-SBJ-1 Minpeco) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP settle (PP-CLR for (NP (NP an allowed claim) (PP of (NP (QP as much as $ 65.7 million) *U*))))))))) .)) (TOP (S But (NP-SBJ-1 even that) (VP is (VP disputed (NP *-1) (PP by (NP-LGS (NP Manufacturers Hanover) (SBAR (WHNP-2 which) , (S (PP in (NP (NP alliance) (PP with (NP the IRS)))) , (NP-SBJ *T*-2) (VP contends (SBAR that (S (NP-SBJ Minpeco) (VP has (ADVP-TMP already) (VP collected (NP (NP more) (PP than (NP its actual damages))) (PP-CLR from (NP (NP other defendants) (PP-LOC in (NP the silver-conspiracy case))))))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP prodding) (PP from (NP Judge Abramson)))) , (NP-SBJ-1 a Minpeco executive) (VP flew (ADVP-DIR in (PP from (NP Peru))) (NP-TMP last week) (S-PRP (NP-SBJ *-1) (VP to (VP talk (ADVP-MNR directly) (PP-CLR with (NP (NP executives) (PP from (NP Manufacturers Hanover)))) (PP-CLR on (NP a settlement)))))) .)) (TOP (S (PP Despite (NP (NP long private sessions) (PP-LOC in (NP both (NP New York) and (NP Dallas))))) , (NP-SBJ the two sides) (VP ended (NP the week) `` (NP-MNR (NP (NP 6,000 miles) and (NP many dollars)) (ADVP apart)) , '' (PP according (PP to (NP (NP attorney Hugh Ray) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP represents (NP Manufacturers Hanover)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (PP-LOC inside (NP the courtroom)) , (NP-SBJ the judge) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP fine (NP (NP attorneys) (PP for (NP the two creditors))) (NP-ADV $ 50 *U*) (NP-TMP (NP every time) (SBAR (WHADVP-1 0) (S (NP-SBJ they) (VP referred (PP-CLR to (NP each other)) (PP-CLR with (NP (NP terms) (PP such as (NP `` liar '' or `` slime)))) (ADVP-TMP *T*-1)))))))))) . '')) (TOP (S (NP-SBJ (NP All three major creditors) -- (NP (NP the IRS) , (NP Minpeco) and (NP Manufacturers Hanover)) --) (VP (VP voted (PP-CLR against (NP *RNR*-1))) and (VP (ADVP effectively) doomed (NP *RNR*-1)) (NP-1 (NP a reorganization plan) (VP proposed (NP *) (PP by (NP-LGS Mr. Hunt))))) .)) (TOP (S (NP-SBJ-1 (NP A reorganization plan) (VP proposed (NP *) (ADVP-MNR jointly) (PP by (NP-LGS (NP the IRS) and (NP Manufacturers Hanover))))) (VP was (VP stalled (NP *-1) (PP by (NP-LGS (NP a negative vote) (PP from (NP Minpeco)))))) .)) (TOP (S (NP-SBJ (NP The mineral concern 's) own reorganization plan) (VP met (NP a similar fate) (PP-TMP after (NP (NP opposition) (PP from (NP (NP the IRS) and (NP Manufacturers Hanover)))))) .)) (TOP (S (S (NP-SBJ Neither plan) (VP is (ADJP-PRD dead)) , (ADVP however)) , and (S (NP-SBJ-1 the judge) (VP could (VP force (S (NP-SBJ creditors) (VP to (VP accept (NP (NP some version) (PP of (NP them)))))) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP ruling (PP-CLR on (NP the Minpeco-Manufacturers Hanover dispute)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ settlement negotiations) (VP continue (PP-LOC between (NP (NP Mr. Hunt) and (NP (NP the IRS) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (ADVP-TMP already) (VP reached (NP (NP a tentative agreement) (PP with (NP Nelson Bunker Hunt))))))))))) .)) (TOP (S (NP-SBJ The two sides) (VP have (VP been (ADVP-PRD far apart) (PP on (SBAR-NOM (WHNP-3 how much) (S (NP-SBJ-2 Herbert Hunt) (VP will (VP continue (S (NP-SBJ *-2) (VP to (VP owe (NP the government) (NP *T*-3)))) (SBAR-TMP after (S (NP-SBJ-1 his assets) (VP are (VP sold (NP *-1)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Stuart E. Eizenstat) , (NP (NP a partner) (PP-LOC in (NP (NP the Washington law firm) (PP of (NP Powell , Goldstein , Frazer & Murphy))))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP this utility holding company)))) , (S-ADV (NP-SBJ *) (VP increasing (NP board membership) (PP-CLR to (NP 14)))))) .)) (TOP (S (NP-SBJ Pacific First Financial Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP (NP a non-binding letter) (PP of (NP intent (S (NP-SBJ *) (VP to (VP acquire (NP (NP the construction lending unit) (PP of (NP (NP Old Stone Bank) (PP of (NP California))))))))))))))) .)) (TOP (S (S-TPC-3 (S (NP-SBJ-1 Terms) (VP have n't (VP been (VP finalized (NP *-1))))) , but (S (NP-SBJ-2 the transaction) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP close (PP-TMP by (NP year end))))))))) , (NP-SBJ Pacific First) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ (NP Old Stone 's) construction lending portfolio) (VP includes (NP (NP (QP about $ 250 million) *U*) (PP in (NP real-estate loans)) (ADJP outstanding))) .)) (TOP (S (S-TPC-1 (NP-SBJ The unit) (VP has (NP (NP 30 employees) (PP-LOC in (NP four California offices))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Pacific First) (VP owns (NP (NP Pacific First Federal Savings Banks) and (NP other financial services firms))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP General Electric Co. 's) rail-car leasing unit) (VP completed (NP (NP the (ADJP (QP $ 178.5 million) *U*) purchase) (PP of (NP similar businesses)) (PP from (NP (NP Leucadia National Corp.) and (NP (NP Brae Corp.) , (ADJP 74%-owned (PP by (NP Leucadia))))))))) , (NP-SBJ the sellers) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The buyer) (VP was (NP-PRD (NP GE Capital Railcar Services) , (NP-LOC Chicago) , (NP (NP (NP a major owner) (PP of (NP railway equipment))) and (NP (NP part) (PP of (NP the GE Capital operations)))))) .)) (TOP (S (NP-SBJ (NP Leucadia) , (NP-LOC New York) ,) (VP estimated (SBAR 0 (S (NP-SBJ it) (VP had (NP (NP (NP a pre-tax gain) (PP on (NP the transaction)) (PP of (NP (QP $ 57 million) *U*))) , (PP including (NP (NP its part) (PP of (NP (NP Brae 's) gain))))))))) .)) (TOP (S (PP-PRP Because of (NP tax-loss carry-forward)) , (NP-SBJ Leucadia) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP escape (NP (NP taxes) (PP on `` (NP (NP a substantial portion) (PP of (NP the gain)))))))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ (NP The estimated gain) (PP for (NP Brae))) (VP is (NP-PRD (NP (QP $ 15 million) *U*) , (PP including (NP (NP a tax credit) (PP of (NP (QP $ 7 million) *U*))))))) , (NP-SBJ the sellers) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The credit) (PP for (NP income taxes))) (VP is (NP-PRD (NP a result) (PP of (S-NOM (NP-SBJ *) (VP having (VP provided (NP (NP deferred income taxes) (ADJP applicable (PP to (NP the sold assets)))) (PP-CLR at (NP (NP the higher income tax rates) (PP in (NP effect)) (PP-TMP in (NP prior years))))))))))) , '' (NP-SBJ the sellers) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 Automatic Data Processing Inc.) (VP plans (S (NP-SBJ *-1) (VP to (VP redeem (PP-TMP on (NP Nov. 16)) (NP (NP its (QP $ 150 million) *U*) (PP of (NP (NP (ADJP 6.5 %) convertible subordinated debentures) (ADJP due (NP-TMP March 1 , 2011))))))))) .)) (TOP (S (NP-SBJ The computing-services concern) (VP will (VP pay (NP $ 1,059.04 *U*) (PP for (NP (NP each (ADJP $ 1,000 *U*) face amount) (PP of (NP debt)))))) .)) (TOP (S (NP-SBJ (NP The conversion price) (PP for (NP the debentures))) (VP is (NP-PRD (NP $ 41.725 *U*) (NP-ADV a share))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP Friday) , (NP-SBJ Automatic Data) (VP closed (PP-LOC-CLR at (NP (NP $ 46.50 *U*) (NP-ADV a share))) , (ADVP down (NP $ 2.25 *U*))) .)) (TOP (S (S (SBAR-ADV If (S (NP-SBJ-1 all the debt) (VP is (VP converted (NP *-1) (PP-CLR to (NP common)))))) , (NP-SBJ Automatic Data) (VP will (VP issue (NP (QP about 3.6 million) shares)))) ; (S (NP-TMP last Monday) , (NP-SBJ the company) (VP had (NP (NP (QP nearly 73 million) shares) (ADJP outstanding)))) .)) (TOP (S (S-TPC-1 (NP-SBJ Automatic Data) (VP is (VP redeeming (NP the bonds) (SBAR-PRP because (S (NP-SBJ (NP the after-tax cost) (PP of (NP (NP the interest) (PP on (NP the bonds))))) (VP is (ADJP-PRD (ADJP higher) (PP than (NP (NP the dividend yield) (PP on (NP the common))))))))))) , (NP-SBJ a spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Dow Jones & Co.) (VP extended (NP (NP its tender offer) (PP of (NP (NP (NP $ 18 *U*) (NP-ADV a share)) , or (NP (QP about $ 576 million) *U*))) , (PP for (NP (NP the 33 %) (PP of (NP Telerate Inc.)) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP does n't (ADVP-TMP already) (VP own (NP *T*-1)))))))) (PP-TMP until (NP (NP 5 p.m. EST) , (NP Nov. 6)))) .)) (TOP (S (NP-SBJ-2 (NP The offer) , (SBAR (WHNP-1 which) (S (NP-SBJ (NP Telerate 's) two independent directors) (VP have (VP rejected (NP *T*-1) (PP-CLR as (ADJP inadequate)))))) ,) (ADVP-TMP previously) (VP had (VP been (VP scheduled (S (NP-SBJ *-2) (VP to (VP expire (PP-TMP at (NP midnight)) (NP-TMP Friday))))))) .)) (TOP (S (NP-SBJ Dow Jones) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP extended (NP the offer) (S-PRP (NP-SBJ *-1) (VP to (VP allow (NP shareholders) (NP (NP time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP review (NP (NP a supplement) (PP to (NP (NP the Dow Jones tender offer circular) (SBAR (WHNP-3 that) (S (NP-SBJ it) (VP mailed (NP *T*-3) (NP-TMP last Friday))))))) (ADVP-TMP *T*-2))))))))))))) .)) (TOP (S (S (NP-SBJ The supplement) (VP contains (NP (NP various information) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP filed (NP *-1) (PP-CLR with (NP the Securities and Exchange Commission)) (SBAR-TMP since (S (NP-SBJ Dow Jones) (VP launched (NP the offer) (PP-TMP on (NP Sept. 26))))))))))))) , but (S (NP-SBJ-3 it) (VP does n't (VP change (NP (NP the terms and conditions) (PP of (NP the offer))) (SBAR-ADV except (S (NP-SBJ *-3) (VP to (VP extend (NP its expiration date)))))))) .)) (TOP (S (PP-LOC In (NP Delaware Chancery Court litigation)) , (NP-SBJ Telerate) (VP has (VP criticized (NP-1 Dow Jones) (PP-CLR for (S-NOM (NP-SBJ *-1) (VP not disclosing (SBAR that (S (NP-SBJ (NP Telerate 's) management) (VP expects (S (NP-SBJ (NP the company 's) revenue) (VP to (VP increase (PP-EXT by (NP 20 %)) (ADVP-TMP annually)))) , (SBAR-ADV while (S (NP-SBJ Dow Jones) (VP based (NP (NP its projections) (PP of (NP (NP Telerate 's) performance))) (PP-CLR on (NP a (ADJP 12 %) revenue growth forecast))))))))))))) .)) (TOP (S (PP-LOC In (NP the tender offer supplement)) , (NP-SBJ Dow Jones) (VP (VP discloses (NP the different growth forecasts)) but (VP says (SBAR 0 (S (NP-SBJ it) (VP views (NP the (ADJP 20 %) growth rate) (PP-CLR `` (PP as (NP (NP a hoped-for goal) '' (PP of (NP (NP Telerate 's) management)) ``)) and not (PP as (NP (NP a realistic basis) (SBAR (WHPP-1 on (WHNP which)) (S (NP-SBJ *) (VP to (VP project (NP (NP the company 's) likely future performance) (PP-CLR *T*-1))))))))))))) . '')) (TOP (S (NP-SBJ-1 Telerate shares) (VP fell (NP-EXT 50 cents) (PP-TMP on (NP Friday)) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-LOC-CLR at (NP (NP $ 20 *U*) (NP-ADV each))) (PP-LOC in (NP New York Stock Exchange composite trading)))))) .)) (TOP (S (NP-SBJ-1 Dow Jones shares) (ADVP also) (VP fell (NP-EXT 50 cents) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-LOC-CLR at (NP $ 36.125 *U*)) (PP-LOC in (NP Big Board composite trading)))))) .)) (TOP (S (NP-SBJ Dow Jones) (VP has (VP said (SBAR 0 (S (NP-SBJ it) (VP believes (SBAR 0 (S (NP-SBJ the (ADJP $ 18-a-share) price) (VP is (ADJP-PRD fair (PP to (NP (NP Telerate 's) minority shareholders))))))))))) .)) (TOP (S (S (NP-TMP Late last week) , (NP-SBJ (NP representatives) (PP of (NP (NP Dow Jones) and (NP Telerate)))) (VP began (NP (NP negotiations) (PP about (NP (NP the terms) (PP of (NP the offer))))))) , but (S (NP-SBJ those talks) (VP did n't (VP result (PP-CLR in (NP (NP any changes) (PP-LOC in (NP the offer))))))) .)) (TOP (S (NP-SBJ Telerate) (VP provides (NP (NP information) (PP about (NP financial markets))) (PP-CLR through (NP an electronic network))) .)) (TOP (S (NP-SBJ (NP Dow Jones) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP 67 %) (PP of (NP Telerate))))))) , (VP (VP publishes (NP (NP The Wall Street Journal) , (NP (NP Barron 's) magazine) , (NP community newspapers))) and (VP operates (NP (NP financial news services) and (NP computer data bases)))) .)) (TOP (S (NP-SBJ Chamberlain Manufacturing Corp.) (VP won (NP (NP a (ADJP (QP $ 25.8 million) *U*) Army contract) (PP for (NP 155mm artillery shell casings)))) .)) (TOP (S (NP-SBJ Avondale Industries Inc.) (VP received (NP (NP a (ADJP (QP $ 13.5 million) *U*) Navy contract) (PP for (NP ship spare parts)))) .)) (TOP (S (NP-SBJ Air & Water Technologies Corp.) (VP completed (NP (NP the acquisition) (PP of (NP (NP Falcon Associates Inc.) , (NP a (NAC-LOC Bristol , Pa. ,) asbestos-abatement concern) ,)) (PP for (NP (NP (QP $ 25 million) *U*) (PP of (NP stock)))))) .)) (TOP (S (NP-SBJ (NP Air & Water) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP provides (NP environmental services and systems)))) ,) (VP paid (NP (NP (QP about 1.4 million)) (PP of (NP its shares))) (PP-CLR for (NP Falcon))) .)) (TOP (S (PP-LOC In (NP American Stock Exchange composite trading)) (NP-TMP Friday) , (NP-SBJ Air & Water) (VP closed (ADJP unchanged) (PP-CLR at (NP $ 17.50 *U*))) .)) (TOP (S (PP-TMP At (NP July 31)) , (NP-SBJ Air & Water) (VP had (NP (NP (QP nearly 10 million) shares) (ADJP outstanding))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ The Canadian pig herd) (VP totaled (NP (NP 10,674,500)) (PP-TMP at (NP Oct. 1)) , (ADVP down (NP 3 %) (PP from (NP-TMP a year earlier))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Statistics Canada) , (NP a federal agency)) .)) (TOP (S (NP-SBJ (NP (NP Sows) (PP for (NP breeding))) and (NP bred gilts)) (VP totaled (NP (NP 1,070,000) , (ADVP down (NP 2 %) (PP from (NP-TMP a year ago))))) .)) (TOP (S (PRN -LRB- (NP-HLN (NP Jacksonville) , (NP Fla.)) -RRB-) -- (NP-SBJ (NP Charles Bates) , (NP (NP president) , (NP chief executive) and (NP chief operating officer))) (VP will (VP resign (PP-CLR from (NP (NP these positions) and (NP the board))) (ADJP-ADV effective (NP-TMP Oct. 31)))) .)) (TOP (S (NP-SBJ (NP Norman J. Harrison) , (NP chairman) ,) (VP will (VP succeed (NP him) (PP-CLR as (NP chief executive)))) .)) (TOP (S (NP-SBJ-1 (NP Roger L. Sutton) , (NP executive vice president) ,) (VP was (VP appointed (NP *-1) (PP-CLR as (NP the new (NX (NX president) and (NX chief operating officer)))))) .)) (TOP (S (NP-SBJ Kerry P. Charlet) (VP will (VP (VP become (NP-PRD executive vice president)) , and (VP retain (NP (NP his positions) (PP as (NP (NP chief financial officer) and (NP treasurer))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Upset (PP over (NP (NP the use) (PP of (SBAR-NOM (WHNP-2 what) (S (NP-SBJ it) (VP says (SBAR 0 (S (NP-SBJ *T*-2) (VP are (NP-PRD its exclusive trademarks)))))))))))) , (NP-SBJ-1 Hells Angels Motorcycle Corp.) (VP is (VP fighting (ADVP-CLR back) -- (PP-LOC in (NP court)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Concord New Horizons Corp.) , (NP (NP creators) (PP of (NP (NP a 1988 movie) (VP called (S (NP-SBJ *) (NP-TTL-PRD Nam Angels)))))) ,) (VP used (NP (NP the gang 's) name and trademarks) (PP without (NP authorization)))) , (NP-SBJ the not-for-profit corporation) (VP says (SBAR 0 (S *T*-1)) (PP-LOC in (NP (NP a complaint) (VP filed (NP *) (PP-LOC-CLR in (NP federal court)))))) .)) (TOP (S (NP-TTL-SBJ Nam Angels) (VP depicts (NP (NP a group) (PP of (NP (NP the cycle gang 's) members)) (PP-LOC on (NP (NP a mercenary mission) (PP to (NP Viet Nam)) (PP-TMP during (NP the war years)))))) .)) (TOP (S (S-TPC-3 (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ-1 *-2) (VP being (VP broadcast (NP *-1) (PP-LOC-CLR on (NP cable television)))))))) , (NP-SBJ-2 the movie) (ADVP also) (VP is (VP being (VP distributed (NP *-2) (PP-LOC-CLR on (NP videocassettes)))))) , (NP-SBJ-4 the suit) (VP alleges (SBAR 0 (S *T*-3)) (PP-LOC in (S-NOM (NP-SBJ *-4) (VP seeking (NP unspecified damages))))) .)) (TOP (SINV Also (VP-TPC-1 named (NP *-2) (PP-LOC-CLR in (NP the suit))) (VP is (VP *T*-1)) (NP-SBJ-2 (NP (NP Media Home Entertainment Inc.) (PP of (NP (NP Culver City) , (NP-LOC Calif.)))) , (NP (NP its parent) , (NP Heron Communications Inc.)) , and (NP (NP Broadstar Television) (PP of (NP Los Angeles)) , (NP (NP holders) (PP of (NP (NP the copyright) (PP on (NP the movie))))))) .)) (TOP (S (NP-SBJ-1 A Concord spokeswoman) (VP (VP called (S (NP-SBJ the suit) `` (ADJP-PRD unfounded) '')) but (VP declined (S (NP-SBJ *-1) (VP to (VP comment (ADVP-MNR further)))))) .)) (TOP (S (PP Besides (S-NOM (NP-SBJ *T*-1) (VP being (ADJP-PRD upset (PP with (NP (NP (NP the film 's) use) (PP of (NP the Hells Angels name and logos)))))))) , (NP-SBJ-1 the Angels) (VP are (ADJP-PRD angry (PP with (NP (NP their depiction) (PP-LOC in (NP the movie)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP is (NP-PRD (NP absolutely no way) (SBAR (WHADVP-2 0) (S (NP-SBJ our board or membership) (VP would (VP have (VP approved (NP (NP the portrayal) (PP of (NP the Hells Angels)) (PP-LOC in (NP this movie))) (ADVP-MNR *T*-2))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP George Christie) , (NP (NP president) (PP of (NP (NP the club 's) Ventura chapter)))) .)) (TOP (S `` (NP-SBJ (NP Portrayal) (PP of (NP our members)) (PP as (ADJP disloyal (PP to (NP each other))))) (VP is (ADJP-PRD totally contrary (PP to (NP (NP (NP the most important values) (PP of (NP our organization))) -- (NP loyalty and trust))))) . '')) (TOP (S (NP-TTL-SBJ Nam Angels) (VP (VP shows (S (NP-SBJ Angels) (VP fighting (PP-CLR with (NP each other))))) and (VP (ADVP also) depicts (NP-3 them) (PP-CLR as (S-NOM (NP-SBJ *-3) (VP showing (NP no remorse) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 a member) (VP is (VP killed (NP *-1) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Both) (PP of (NP these actions))) (VP are n't (ADJP-PRD characteristic (PP of (NP real Hells Angels))))) , (NP-SBJ Mr. Christie) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 Hells Angels) (VP was (VP (VP formed (NP *-1) (PP-TMP in (NP 1948))) and (VP incorporated (NP *-1) (PP-TMP in (NP 1966))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP (NP 26 chapters) (PP-LOC in (NP the U.S.)))))) , (NP-SBJ there) (VP are (NP-PRD (NP 40 chapters) (PP-LOC in (NP foreign countries)))) .)) (TOP (S (NP-SBJ-1 (NP Douglas H. Miller) , (ADJP self-employed (PP-LOC in (NP the oil and gas securities business))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP chairman) (PP of (NP this oil and gas exploration company)))) , (S-ADV (NP-SBJ *) (VP filling (NP a vacancy))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Miller) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP has (VP been (NP-PRD a Coda director))))) ,) (ADVP also) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD chief executive officer)) , (S-ADV (NP-SBJ *-1) (VP succeeding (NP (NP Ted Eubank) , (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP remains (NP-PRD (NP president) and (NP chief operating officer)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Lawrence M. Gressette Jr.) , (NP president) ,) (VP was (VP elected (NP *-1) (PP-CLR to (NP (NP the additional posts) (PP of (NP (NP (NP chairman) (PP *RNR*-2)) and (NP (NP chief executive officer) (PP *RNR*-2)) (PP-2 of (NP this utility holding company)))))) , (ADJP-ADV effective (NP-TMP (NP Feb. 1) , (NP 1990))))) .)) (TOP (S (NP-SBJ (NP The 57-year-old Mr. Gressette) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP was (ADVP also) (VP elected (S (NP-SBJ *-2) (NP-PRD (NP (NP chairman) (PP *RNR*-3)) and (NP (NP chief executive) (PP *RNR*-3)) (PP-3 of (NP all Scana subsidiaries)))))))) ,) (VP succeeds (NP John A. Warren)) .)) (TOP (S (NP-SBJ Mr. Warren) (VP will (VP remain (PP-LOC-PRD on (NP (NP the company 's) board)))) .)) (TOP (S (NP-SBJ The American Stock Exchange) (VP said (SBAR 0 (S (NP-SBJ-1 a seat) (VP was (VP sold (NP *-1) (PP-CLR for (NP (NP $ 165,000 *U*) , (ADVP unchanged (PP from (NP (NP the previous sale) (NP-TMP Oct. 13))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Seats) (PP-LOC on (NP the Amex))) (ADVP-TMP currently) (VP are (VP quoted (NP *-1) (PP-CLR at (NP (NP (NP $ 151,000 *U*) (VP bid (NP *))) and (NP (NP $ 200,000 *U*) (VP asked (NP *))))))) .)) (TOP (S (NP-SBJ The world) (VP had (NP a big yuk) (ADVP-TMP recently) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the Soviets) (VP reported (NP (NP a rash) (PP of (NP (NP UFO landings) (PRN , (S (NP-SBJ (NP one) (PP of (NP them))) (VP bringing (NP (NP tall aliens) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP glowed (PP-CLR in (NP the dark)))))) (PP-CLR to (NP Voronezh)))))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (NP-PRD (NP the opinion) (PP of (NP (NP Timothy Good) , (NP (NP author) (PP of (NP `` (S-TTL (ADJP-PRD Above Top Secret) : (NP-SBJ The World UFO Cover-Up)) '' (PRN -LRB- (NP Quill/William Morrow) , (NP 592 pages) , (NP $ 12.95 *U*) -RRB-)))) ,))) (SBAR-1 that (S (NP-SBJ the world) (VP laughs (ADVP-TMP too fast))))) .)) (TOP (SINV (ADVP-LOC-TPC-2 Here) (VP is (ADVP-PRD *T*-2)) (NP-SBJ (NP a bible) (PP for (NP UFO watchers)) , (ADJP complete (PP with (NP (NP pictures) (PP of (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP say (SBAR 0 (S (NP-SBJ they) (VP 've (VP had (NP (NP personal relationships) (PP with (NP aliens)))))))))))))))) .)) (TOP (S (NP-SBJ One photo) (VP shows (NP (NP-SBJ a woman) (VP sporting (NP (NP a scar) (SBAR (WHNP-2 0) (S (NP-SBJ she) (VP says (SBAR 0 (S (NP-SBJ-1 *T*-2) (VP was (VP made (NP *-1) (PP by (NP-LGS (NP a laser beam) (PRN -LRB- (NP (NP a low-caliber weapon) , (PP from (NP (NP the looks) (PP of (NP the wound))))) -RRB-)))))))))))))) .)) (TOP (S (ADVP-TMP So far) (ADVP anyway) , (NP-SBJ-1 our alien visitors) (VP seem (ADJP-PRD (ADJP more intent (PP on (S-NOM (NP-SBJ *-1) (VP brightening (NP our skies))))) (PP than (S-NOM (NP-SBJ *-1) (VP pulverizing (NP us)))))) .)) (TOP (S (NP-SBJ Mr. Good) (VP devotes (NP much serious space) (PP-CLR to (NP (NP the events) (PP of (NP (NP (NP Feb. 25) , (NP 1942)) , (SBAR (WHADVP-1 when) (S (NP-SBJ American gunners) (VP spotted (NP (NP strange lights) (PP-LOC in (NP (NP the sky) (PP-LOC above (NP Los Angeles))))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ-1 Air-raid sirens) (VP sounded (NP the alarm) (PP-TMP at (NP 2:25 a.m.)) , (S-ADV (NP-SBJ *-1) (VP summoning (NP 12,000 air wardens) (PP-CLR to (NP duty))))) .)) (TOP (S (ADVP-TMP Soon) (NP-SBJ all hell) (VP broke (ADVP-CLR loose)) .)) (TOP (S (NP-SBJ (NP Ground batteries) , (VP targeting (NP (NP an odd assortment) (PP of (NP (NP aircraft) (VP traveling (PP-CLR at (NP (ADJP highly unusual) speeds))))))) ,) (VP opened (PRT up) (NP a furious fusillade)) .)) (TOP (S (NP-SBJ The sky) (VP filled (PP-CLR with (NP (NP 12.8-pound shells) , (SBAR (WHNP-1 (NP several) (WHPP of (WHNP which))) (S (NP-SBJ-2 *T*-1) (VP fell (ADVP-DIR back) (PP-DIR to (NP Earth)) , (S-ADV (NP-SBJ *-2) (VP destroying (NP homes and buildings))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the smoke) (VP cleared (ADVP-TMP *T*-1)))) , (S (NP-SBJ six people) (VP were (ADJP-PRD dead) (PRN -LRB- (FRAG (NP three) (PP from (NP heart attacks))) -RRB-))) , and (S (NP-SBJ everyone) (VP wondered (SBAR-NOM (WHNP-2 (WHNP what) (PP-LOC in (NP the world))) (S (NP-SBJ they) (VP were (VP shooting (PP-CLR at (NP *T*-2)))))))) .)) (TOP (S (NP-SBJ (NP Mr. Good) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP documents (NP these things) (ADVP-MNR (ADVP as best) (S (NP-SBJ he) (VP can (VP *?*))))))) ,) (VP provides (NP (NP an official explanation) (PP in (NP (NP the form) (PP of (NP (NP (NP a memorandum) (PP from (NP (NAC Chief (PP of (NP Staff))) George C. Marshall)) (PP to (NP President Roosevelt))) : (S-2 `` (NP-SBJ-3 (NP 1,430 pounds) (PP of (NP ammunition))) (PRN , '' (S (NP-SBJ he) (VP wrote (NP (NP his commander) (PP in (NP chief))) (SBAR 0 (S *T*-2)))) ,) (VP were (VP expended (NP *-3) (PP-CLR on (NP `` (NP unidentified aircraft) , '' (VP flying (PP-CLR at (NP (NP (NP speeds) (ADJP (ADJP as slow) (PP as (NP 200 mph)))) and (NP (NP elevations) (PP between (NP (QP 9,000 and 18,000) feet))))))))))))))))) .)) (TOP (S (S (INTJ Well) , (NP-SBJ (NP thousands) (PP of (NP (NP Californians) (PP-LOC on (NP the scene))))) (VP insisted (SBAR 0 (S (NP-SBJ the ammo) (VP had (VP been (VP (ADVP-MNR uselessly) aimed (PP-CLR at (NP a large , hardy UFO))))))))) , but (S (NP-SBJ-1 you) (VP will (ADVP just) (VP have (S (NP-SBJ *-1) (VP to (VP make (NP (NP your own decision) (PP about (NP such sightings))))))))) .)) (TOP (S (S (S (NP-SBJ One thing) (VP 's (PP-PRD for (ADJP sure)))) : (S (NP-SBJ There) (VP have (VP been (NP-PRD (NP a ton) (PP of (NP them))))))) , and (S (NP-SBJ (NP greater beings) (PP than (NP (NP the editors) (PP of (NP the National Enquirer))))) (VP have (VP shown (NP interest)))) .)) (TOP (S (NP-SBJ-1 (NP Gerald Ford) , (NP a (ADJP fairly down-to-earth) fellow)) , (ADVP-TMP once) (VP sent (NP (NP a letter)) (PP-CLR to (NP (NP the chairman) (PP of (NP the Armed Services Committee)))) (S-ADV (NP-SBJ *-1) (VP recommending (SBAR that `` (S (NP-SBJ there) (VP be (NP-PRD (NP a committee investigation) (PP of (NP the UFO phenomenon))))))))) .)) (TOP (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-2 we) (VP owe (NP (NP it) (S *EXP*-1)) (PP-CLR to (NP the American people)) (S-1 (NP-SBJ *-2) (VP (VP to (VP establish (NP (NP credibility) (PP regarding (NP UFOs))))) and (VP to (VP produce (NP (NP the (ADJP greatest possible) enlightenment) (PP on (NP the subject))))))))))) . '')) (TOP (S (NP-SBJ Jimmy Carter) (VP went (ADVP further) (PP-LOC in (NP (NP a 1976 campaign promise) : `` (S (SBAR-ADV If (S (NP-SBJ I) (VP become (NP-PRD president)))) , (NP-SBJ I) (VP 'll (VP make (S (NP-SBJ (NP every piece) (PP of (NP (NP information) (PP *ICH*-2))) (SBAR (WHNP-1 0) (S (NP-SBJ this country) (VP has (NP *T*-1)))) (PP-2 about (NP UFO sightings))) (ADJP-PRD available (PP to (NP (NP the public) , and (NP the scientists))))))))))) .)) (TOP (S (NP-SBJ-1 I) (VP am (VP convinced (NP *-1) (SBAR that (S (NP-SBJ UFOs) (VP exist))) (SBAR-PRP because (S (NP-SBJ I) (VP have (VP seen (NP one))))))) ... . '')) (TOP (S But (NP-SBJ you) (VP know (PP-CLR about (NP campaign promises))) .)) (TOP (S (NP-SBJ It) (ADVP-TMP still) (VP does n't (VP look (PP-CLR like (S-NOM (NP-SBJ governments) (VP are (VP coughing (PRT up) (NP (NP everything) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP know (NP *T*-1))))))))))) .)) (TOP (S (S (INTJ Still) , (PP despite (NP their efforts (S (NP-SBJ *) (VP to (VP convince (NP the world) (SBAR that (S (NP-SBJ we) (VP are (ADVP indeed) (ADJP-PRD alone))))))))) , (NP-SBJ-3 the visitors) (VP do (VP seem (S (NP-SBJ-4 *-3) (VP to (VP keep (S (NP-SBJ *-4) (VP coming)))))))) and , (S (PP like (NP the recent sightings)) , (NP-SBJ there) (VP 's (ADVP-TMP often) (NP-PRD (NP a detail (QP or two)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP suggests (SBAR 0 (S (NP-SBJ they) (VP may (ADVP actually) (VP be (PP-PRD (NP-ADV a little) on (NP the dumb side)))))))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ (NP witnesses) (PP-LOC in (NP Voronezh))) (VP say (SBAR 0 (S (NP-SBJ-1 (NP the pinheaded behemoths) and (NP their robot friend)) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP strolling (PP-LOC-CLR around (NP the city park))))) , (VP left (PRT behind) (NP some rocks))))) .)) (TOP (SBARQ-2 (INTJ Now) (WHADVP-3 why) (PRN , (S (NP-SBJ-1 you) (VP have (S (NP-SBJ *-1) (VP to (VP ask (NP yourself) (SBARQ *T*-2)))))) ,) (SQ would (NP-SBJ intelligent beings) (VP haul (NP (NP a bunch) (PP of (NP rocks))) (PP-CLR around (NP the universe)) (ADVP-PRP *T*-3))) ?)) (TOP (S Or (NP-SBJ *) (VP land (PP-CLR in (NP Russia)) (ADVP-TMP so often)) .)) (TOP (S (PP In (NP a 1961 incident)) , (NP-SBJ-1 a Soviet mail plane) (VP disappeared (PP-CLR off (NP the radar screen)) (PP-TMP (ADVP just) after (S-NOM (NP-SBJ *-1) (VP radioing (NP its position) (PP-CLR to (NP (NP ground control) (PP-LOC in (NP Sverdlovsk)))))))) .)) (TOP (S (NP-SBJ A search party) (ADVP-TMP soon) (VP found (NP the unscathed aircraft) (PP-LOC in (NP (NP a forest clearing) (ADJP much too small (S (NP-SBJ *) (VP to (VP have (VP allowed (NP a conventional landing))))))))) .)) (TOP (S (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *-1) (VP 's (ADJP-PRD more)))) , (NP-SBJ (NP the seven mail personnel) (ADVP-LOC aboard)) (VP were (VP missing)) .)) (TOP (S (ADVP-TMP Again) , (NP-SBJ-1 you) (VP have (S (NP-SBJ *-1) (VP to (VP ask (NP (NP the obvious question) : (SBARQ (WHADVP-2 Why) (S would (NP-SBJ intelligent beings) (VP kidnap (NP seven Soviet mailmen) (ADVP-PRP *T*-2))))))))) ?)) (TOP (S (NP-SBJ (NP Speculation) (PP as (PP to (NP (NP the nature) (PP of (NP aliens)))))) (VP will (ADVP no doubt) (VP continue (SBAR-TMP until (S (NP-SBJ-1 we) (VP wake (PRT up) (NP-TMP one morning) (S-CLR (NP-SBJ *-1) (VP to (VP find (SBAR 0 (S (NP-SBJ they) (VP 've (VP taken (PP-CLR over `` (NP-TTL The Today Show) , '') (NP-MNR (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ they) (VP overwhelm (NP an entire town) (PP-LOC in (NP (NP (NP Jack Finney 's) `` (NX-TTL (NX Invasion) (PP of (NP the Body Snatchers))) '') (PRN -LRB- (NP Fireside/Simon & Schuster) , (NP 216 pages) , (NP $ 8.95 *U*) -RRB-))) (ADVP-MNR *T*-2))))))))))))))))) .)) (TOP (S (ADVP Maybe) (NP-SBJ-1 (NP some) (PP of (NP our talk-show hosts and anchors))) (VP have (ADVP-TMP already) (VP been (VP taken (PP-CLR over (NP *-1))))) ?)) (TOP (S (NP-SBJ (NP The point) (PP of (NP (NP this 1955 novel) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP spawned (NP two movies)))) ,))) (VP is (SBAR-PRD that (S (NP-SBJ (NP the soulless pod people) (VP replicated (NP *) (PP by (NP-LGS alien plants)))) (VP are (ADJP-PRD virtually indistinguishable (PP from (NP human folks))))))) .)) (TOP (S (NP-SBJ (NP Another guy) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP thinks (SBAR 0 (S (NP-SBJ they) (VP 're (UCP-PRD (ADVP-LOC out there) and (VP closing (ADVP-MNR fast)))))))))) (VP is (NP-PRD (NP Whitley Strieber) , (SBAR (WHNP-2 (WHNP whose new novel) , (NP `` (NP-TTL Majestic) '' (PRN -LRB- (NP Putnam) , (NP 317 pages) , (NP $ 18.95 *U*) -RRB-))) , (S (NP-SBJ *T*-2) (VP takes (NP (NP a look) (PP at (NP (NP a reported 1947 UFO crash) (PP-LOC near (NP (NP the Roswell Army Air Field) (PP-LOC in (NP a New Mexico desert)))))))))))) .)) (TOP (S (NP-SBJ Mr. Strieber) (VP knows (NP (NP a lot) (PP about (NP aliens)))) .)) (TOP (S (NP-SBJ He) (ADVP even) (VP had (NP-CLR sex) (PP-CLR with (NP one)) (PRN -- (ADVP-MNR (ADVP sort of) , and not (ADVP intentionally)) --) (SBAR-ADV as (S (NP-SBJ readers) (VP learned (PP-LOC in (NP (NP his `` (NX-TTL Communion) '') (PRN -LRB- (NP (NP a book) (VP (ADVP-TMP recently) described (NP *) (PP-LOC in (NP the New York Times)) (PP-CLR as (NP a `` nonfiction best seller '')))) -RRB-))))))) .)) (TOP (S (NP-ADV (NP The way) (SBAR (WHADVP-3 0) (S (NP-SBJ Mr. Strieber) (VP tells (NP it) (ADVP-MNR *T*-3) (PP-LOC in (NP his earnest prose)))))) , (NP-SBJ-1 (NP the intelligence officer) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP found (NP (NP the craft 's) strange debris))))) (VP was (VP forced (PP by (NP-LGS the government)) (S (NP-SBJ *-1) (VP to (VP call (S (NP-SBJ the flower-inscribed scraps) (NP-PRD (NP parts) (PP of (NP a weather balloon))))))))) .)) (TOP (S (S (NP-SBJ The apparent crash) (VP became (ADJP-PRD top secret)) ,) and (S (NP-SBJ-1 the alien creatures) (VP went (ADVP-DIR away) (S-ADV (NP-SBJ *-1) (ADJP-PRD upset (PP with (NP (NP the rude ways) (PP of (NP human beings)))))))) .)) (TOP (S (NP-SBJ We) (VP lost (NP our chance (S (NP-SBJ *) (VP to (VP communicate (PP-CLR with (NP (NP sweet-natured visitors) `` (ADJP (NP-ADV (QP about four) feet) tall) (SBAR -LCB- (WHNP-2 who) -RCB- (S (NP-SBJ *T*-2) (VP looked (SBAR-CLR as though (S (NP-SBJ-1 they) (VP were (VP made (NP *-1) (PP-CLR of (NP puffed-up marshmallow)))))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Shiflett) (VP is (NP-PRD (NP an editorial writer) (PP for (NP the Rocky Mountain News)))) .)) (TOP (S (S-TPC-4 (NP-SBJ Trustcorp Inc.) (VP will (VP become (NP-PRD Society Bank & Trust) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 (NP its merger) (PP *ICH*-2)) (VP is (VP completed (NP *-1) (PP-2 with (NP (NP Society Corp.) (PP of (NP Cleveland)))) (ADVP-TMP *T*-3)))))))) , (NP-SBJ the bank) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ-2 (NP Society Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADVP also) (NP-PRD a bank)))) ,) (VP agreed (PP-TMP in (NP June)) (S (NP-SBJ *-2) (VP to (VP buy (NP Trustcorp) (PP-CLR for (NP (NP (QP 12.4 million) shares) (PP of (NP stock)) (PP with (NP (NP a market value) (PP of (NP (QP about $ 450 million) *U*)))))))))) .)) (TOP (S (NP-SBJ-1 The transaction) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP close (PP-TMP around (NP year end))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the economy) (VP stumbled (PP-TMP in (NP the mid-1970s)) (ADVP-TMP *T*-1)))) , (NP-SBJ Akzo NV) (VP fell (PP-CLR out (PP of (NP bed)))) .)) (TOP (S (NP-SBJ (NP Towering overcapacity) (PP-LOC in (NP (NP the synthetic fiber business) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP accounted (PP-CLR for (NP (NP half) (PP of (NP (NP the Dutch chemical company 's) sales))))))))) ,) (VP (VP led (PP-CLR to (NP huge losses))) and (VP left (NP (NP Akzo 's) survival) (PP-CLR in (NP doubt)))) .)) (TOP (S-CLF (NP-SBJ It) (VP was n't (PP-PRD until (NP the early 1980s)) (SBAR (WHADVP-1 that) (S (NP-SBJ Akzo) (VP nursed (NP itself) (ADVP-CLR back (PP to (NP health))) (ADVP-TMP *T*-1))))) .)) (TOP (S (ADVP-TMP Now) , (SBAR-TMP as (S (NP-SBJ (NP a new downturn) (PP-LOC in (NP the chemical industry))) (VP looms))) , (NP-SBJ Akzo) (VP says (SBAR 0 (S (NP-SBJ it) (VP is (PP-PRD in (NP (NP (ADJP far better) shape) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP cope (ADVP-MNR *T*-1))))))))))) .)) (TOP (S (NP-SBJ Investment analysts) (ADVP generally) (VP agree) .)) (TOP (S (ADVP Aside (PP from (S-NOM (NP-SBJ *-1) (VP (VP slashing (NP costs)) and (VP investing (ADVP-MNR heavily) (PP-CLR in (NP its plants))))))) , (NP-SBJ-1 Akzo) (VP has (VP spent (NP (NP (QP 3.9 billion) guilders) (PRN -LRB- (NP (QP $ 1.88 billion) *U*) -RRB-)) (PP-CLR on (NP acquisitions)) (PP-TMP since (NP 1983)) (S-PRP (NP-SBJ *-1) (VP to (VP give (NP it) (NP better balance)))))) .)) (TOP (S (PP-TMP During (NP the same period)) , (NP-SBJ the company) (VP has (VP sold (NP (NP (QP about 1.6 billion) guilders) (PP of (NP assets))))) .)) (TOP (S (NP-SBJ (NP The fibers business) , (SBAR (WHNP-1 whose products) (S (NP-SBJ *T*-1) (VP go (PP-CLR into (NP (NP textiles) , (NP carpeting) and (NP myriad industrial uses)))))) ,) (ADVP-TMP now) (VP accounts (PP-CLR for (NP (NP (QP only 20) %) (PP of (NP (NP Akzo 's) sales))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP have (ADVP definitely) (VP become (ADJP-PRD less cyclical)))) , '' (NP-SBJ (NP Syb Bergsma) , (NP executive vice president-finance) ,) (VP said (S *T*-1) (PP-LOC in (NP an interview))) .)) (TOP (S (INTJ Still) , (NP-SBJ Akzo) (VP has n't (ADVP-TMP yet) (VP found (NP (NP a way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP achieve (NP (NP another goal) : (NP (NP a large presence) (PP-LOC in (NP (NP the U.S. market) (PP for (NP prescription drugs)))))) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (NP-SBJ Mr. Bergsma) (VP said (SBAR 0 (S (NP-SBJ (NP prices) (PP for (NP U.S. pharmaceutical companies))) (VP remain (ADJP-PRD too high) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD unlikely) (SBAR-1 that (S (NP-SBJ Akzo) (VP will (VP pursue (NP any major acquisitions) (PP-LOC in (NP that area))))))))))))) .)) (TOP (S But (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ Akzo) (VP is (VP considering (NP (NP `` alliances '') (PP with (NP American drug companies))))))) , (SBAR-ADV although (S (NP-SBJ he) (VP would n't (VP elaborate))))) .)) (TOP (S (NP-SBJ (NP An indication) (PP of (NP (NP (NP Akzo 's) success) (PP in (S-NOM (NP-SBJ *) (VP reshaping (NP itself))))))) (VP will (VP come (NP-TMP Thursday) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP reports (NP third-quarter results) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ Analysts) (VP expect (S (NP-SBJ the company) (VP to (VP show (NP (NP profit) (PP of (NP (NP (QP about 225 million) guilders) , (ADVP up (NP 9 %) (PP from (NP (QP 206.3 million) guilders) (ADVP-TMP (NP a year) earlier)))))))))) .)) (TOP (S (NP-SBJ A bigger test) (VP will (VP come (NP-TMP next year) (SBAR-ADV if , (S (SBAR-ADV as (S (NP-SBJ many analysts) (VP expect))) , (NP-SBJ bulk chemical prices) (VP slump (PP-LOC in (NP Europe))))))) .)) (TOP (SINV `` (S-TPC-1 (ADVP Maybe) (NP-SBJ Akzo) (VP can (VP surprise (NP the investment world) (NP-ADV a bit)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Jaap Visker) , (NP (NP an analyst) (PP-LOC at (NP Amsterdam-Rotterdam Bank NV)))) .)) (TOP (S (NP-SBJ He) (VP figures (SBAR 0 (S (NP-SBJ-1 Akzo) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP one) (PP of (NP the few major chemical companies)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP show (NP profit growth) (NP-TMP next year)))))))))))))) .)) (TOP (S (NP-SBJ The bank) (VP projects (SBAR 0 (S (NP-SBJ Akzo) (VP will (VP show (NP (NP per-share earnings) (PP of (NP 24 guilders))) (PP-TMP in (NP 1990)) , (ADVP up (PP from (NP (NP (NP an estimated 22.5 guilders) (PP for (NP this year))) and (NP (NP the 20.9 guilders) (VP reported (NP *) (PP-CLR for (NP 1988)))))))))))) .)) (TOP (S (PP-LOC At (NP (NP James Capel & Co.) (PP-LOC in (NP London)))) , (NP-SBJ analyst Jackie Ashurst) (VP notes (SBAR that (S (NP-SBJ Akzo) (VP is (ADJP-PRD (ADJP less exposed (PP *ICH*-1)) (PP than (NP (NP many) (PP of (NP its rivals)))) (PP-1 to (NP the (ADJP most volatile) chemical products))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ Akzo) (VP (VP has (ADVP only) (NP minor petrochemical operations)) , (VP is (ADJP-PRD small) (PP-LOC in (NP plastics))) and (VP does n't (VP make (NP fertilizers)))) .)) (TOP (S (ADVP Thus) , (SBAR-ADV while (S (NP-SBJ Akzo) (VP profited (ADVP (ADVP less) (PP than (NP many rivals))) (PP-CLR from (NP (NP the boom) (PP of (NP recent years)) (PP-LOC in (NP petrochemicals and plastics))))))) , (NP-SBJ it) (VP has (NP (NP less) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP fear (NP *T*-1) (PP from (NP the current slump)))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP is (VP exposed (NP *-1) (PP-CLR to (NP bulk chemicals)) , (ADVP however))) .)) (TOP (S (S-TPC-1 (SBAR-ADV Although (S (NP-SBJ-2 bulk-chemical prices) (VP have (VP begun (S (NP-SBJ *-2) (VP falling)) (PP-LOC in (NP the U.S.)))))) , (NP-SBJ they) (VP are (ADVP generally) (ADJP-PRD stable) (PP-LOC in (NP Europe)))) , (NP-SBJ Mr. Bergsma) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S-1 (S (NP-SBJ A decline) (VP may (VP come (PP-TMP in (NP (NP the first half) (PP of (NP 1990))))))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) but (S (NP-SBJ the market) (VP does n't (VP appear (PP-LOC-PRD on (NP (NP the verge) (PP of (NP a severe downturn))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP reduce (NP (NP the danger) (PP of (NP such pricing cycles)))))) , (NP-SBJ-1 Akzo) (VP has (VP invested (ADVP-MNR heavily) (PP-CLR in (NP (NP specialty chemicals) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP (VP have (NP (ADJP highly specific) industrial uses)) and (VP tend (S (NP-SBJ *-3) (VP to (VP produce (NP (NP (ADJP much higher) profit margins) (SBAR than (SINV (VP do (VP *?*)) (NP-SBJ bulk chemicals))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Akzo 's) biggest move) (PP-LOC in (NP this area))) (VP was (NP-PRD (NP the 1987 acquisition) (PP of (NP (NP Stauffer Chemical Co. 's) specialty chemical business)) (PP for (NP (QP $ 625 million) *U*)))) .)) (TOP (S (PP-LOC In (NP a (ADJP less glamorous) field)) , (NP-SBJ Akzo) (VP is (NP-PRD (NP (NP the world 's) biggest producer) (PP of (NP (NP industrial salt) , (VP used (NP *) (PP-CLR (PP as (NP (NP a raw material) (PP for (NP the chemical industry)))) (CONJP as well as) (PP for (NP (NP such tasks) (PP as (S-NOM (NP-SBJ *) (VP melting (NP ice)))))))))))) .)) (TOP (S (NP-SBJ Akzo) (ADVP also) (VP makes (NP (NP (NP products) (VP derived (NP *) (PP-CLR from (NP salt)))) , (PP such as (NP (NP chlorine) and (NP caustic soda))))) .)) (TOP (S (PP-LOC In (NP the fibers division)) , (NP-SBJ profit) (VP remains (ADJP-PRD weak) , (PP-PRP (ADVP largely) because of (NP persistent overcapacity))) .)) (TOP (S (S But (NP-SBJ Akzo) (VP is (ADVP-TMP still) (VP slimming (PRT down)))) : (S (NP-SBJ It) (ADVP-TMP recently) (VP announced (NP plans (S (NP-SBJ *) (VP to (VP eliminate (NP (NP (QP about 1,700) fiber-related jobs) (PP-LOC in (NP (NP the Netherlands) and (NP West Germany)))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the polyester and rayon markets) (VP remain (ADJP-PRD mostly bleak)))) , (NP-SBJ Akzo) (VP has (NP (NP high hopes) (PP for (NP (NP some emerging fiber businesses) , (ADJP such (NP (NP (NP carbon fibers) and (NP aramid)) , (NP (NP (ADJP extremely strong) fibers) (VP used (NP-1 *) (S-CLR (NP-SBJ *-1) (VP (VP to (VP reinforce (NP tires and metals))) and (VP to (VP make (NP (NP such products) (PP as (NP bullet-proof vests))))))))))))))) .)) (TOP (S (NP-SBJ (NP Akzo 's) Twaron aramid fiber) (VP is (NP-PRD (NP a distant second) (PP to (NP (NP (NP Du Pont Co. 's) Kevlar) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP dominates (NP the market)))))))) .)) (TOP (S (NP-SBJ Mr. Bergsma) (VP said (SBAR 0 (S (NP-SBJ-1 (NP world-wide industry sales) (PP of (NP aramid fibers))) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP total (NP (QP about $ 500 million) *U*) (NP-TMP this year))))))))) .)) (TOP (S-1 (S (NP-SBJ (NP Sales growth) (PP of (NP (NP 10 %) (NP-ADV a year)))) (VP seems (ADJP-PRD possible))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) and (S (NP-SBJ Akzo) (VP expects (S (NP-SBJ its Twaron business) (VP to (VP become (ADJP-PRD profitable) (PP-TMP in (NP 1990))))))) .)) (TOP (S (NP-SBJ Akzo) (ADVP also) (VP has (VP spent (ADVP-MNR heavily) (PP-CLR on (NP (NP acquisitions) (PP-LOC in (NP (NP paints) , (NP auto finishes) and (NP industrial coatings))))))) .)) (TOP (S (PP-TMP In (NP August)) , (PP for (NP example)) , (NP-SBJ it) (VP completed (NP (NP the (ADJP (QP $ 110 million) *U*) acquisition) (PP of (NP (NP Reliance Universal Inc.) , (NP (NP a U.S. maker) (PP of (NP (NP industrial coatings) (PP for (NP wood , metals and plastics))))))) , (PP from (NP Tyler Corp)))) .)) (TOP (S (NP-SBJ Mr. Bergsma) (VP said (SBAR 0 (S (NP-SBJ-1 Akzo) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP see (NP (NP strong profit growth) (PP from (NP coatings))))))) (SBAR-TMP as (S (NP-SBJ it) (VP realizes (NP (NP cost savings) and (NP (NP other benefits) (PP from (NP its greater scale))))))))))) .)) (TOP (S (PP For (NP (NP (NP Akzo 's) drug business) , (SBAR (WHADVP-1 where) (S (NP-SBJ profits) (VP have (VP shown (NP litle change) (PP-TMP for (NP the past five years)) (ADVP-LOC *T*-1))))))) , (NP-SBJ Mr. Bergsma) (VP predicted (NP moderate profit growth)) .)) (TOP (S (NP-SBJ Akzo) (VP (VP is (NP-PRD (NP the leading seller) (PP of (NP birth-control pills))) (PP-LOC in (NP Europe))) but (VP is (ADVP-TMP still) (VP seeking (NP regulatory approvals (S (NP-SBJ *) (VP to (VP enter (NP that market))))) (PP-LOC in (NP (NP the U.S.) and (NP Japan)))))) .)) (TOP (S (NP-SBJ Mr. Bergsma) (VP said (SBAR 0 (S (NP-SBJ-1 Akzo) (VP hopes (S (NP-SBJ *-1) (VP to (VP have (NP approval (S (NP-SBJ *) (VP to (VP sell (NP its Marvelon pill) (PP-LOC in (NP the U.S.)))))) (PP-TMP in (NP 1992))))))))) .)) (TOP (S (NP-SBJ Akzo) (ADVP also) (VP has (NP (NP small operations) (PP-LOC in (NP (NP diagnostic tests) , (NP generic drugs) and (NP veterinary products))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Veterinary products) (VP are (VP showing (NP (ADJP especially strong) growth)))) , (NP-SBJ Mr. Bergsma) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Among (NP the leading products)) (VP is (PP-LOC-PRD *T*-1)) (NP-SBJ (NP a flu shot) (PP for (NP horses))) .)) (TOP (S (NP-SBJ-1 We) (VP 're (ADJP-PRD sorry (S (NP-SBJ *-1) (VP to (VP see (NP (NP (NP Nigel Lawson 's) departure) (PP from (NP the British government)))))))) .)) (TOP (S (NP-SBJ He) (VP is (NP-PRD (NP a politician) (PP with (NP (NP the courage) (PP of (NP true conviction))))) , (PP as (PP in (S-NOM (NP-SBJ *) (VP (VP (ADVP-MNR summarily) sacking (NP exchange controls)) and (VP (PP in (ADJP particular)) slashing (NP (NP the top rate) (PP of (NP income taxation))) (PP-CLR to (NP 40 %)))))))) .)) (TOP (S But (PP-TMP in (NP the end)) (NP-SBJ (NP his resignation) (PP as (NP (NP Chancellor) (PP of (NP the Exchequer))))) (VP may (VP be (NP-PRD a good thing) , (SBAR-ADV (ADVP especially) if (S (NP-SBJ it) (VP works (SBAR-MNR as (S (NP-SBJ he) (ADVP no doubt) (VP intends (S *?*)))) -- (PP-MNR by (S-NOM (NP-SBJ *) (VP forcing (S (NP-SBJ (NP Prime Minister Thatcher) and (NP (NP her counterparts) (ADVP-LOC elsewhere))) (VP to (VP confront (NP (NP the genuine intellectual issues) (ADJP involved))))))))))))) .)) (TOP (S-1 (NP-SBJ The early omens) (PRN , (S (NP-SBJ we) (VP admit (SBAR 0 (S *T*-1)))) ,) (VP (ADVP-MNR scarcely) suggest (NP (ADJP so wholesome) an outcome)) .)) (TOP (S (NP-SBJ-1 The Fleet Street reaction) (VP was (VP captured (NP *-1) (PP-CLR in (NP (NP the Guardian headline) , `` (S-TTL (NP-SBJ Departure) (VP Reveals (NP Thatcher Poison))))))) . '')) (TOP (S (NP-SBJ British politicians) (VP divide (PP-CLR into (NP (NP (NP two groups) (PP of (NP chickens))) , (NP (NP (NP those) (SBAR with (S (NP-SBJ-1 their necks) (VP cut (NP *-1))))) and (NP (NP those) (VP screaming (SBAR 0 (S (NP-SBJ the sky) (VP is (VP falling)))))))))) .)) (TOP (S (ADVP So far (SBAR as (S (NP-SBJ we) (VP can (VP see))))) (NP-SBJ (NP only two persons) (NP *ICH*-1)) (VP are (VP behaving (PP-CLR with (NP (NP a dignity) (VP recognizing (NP (NP the seriousness) (PP of (NP the issues)))))) : (NP-1 (NP Mr. Lawson) and (NP (NP Sir Alan Walters) , (NP (NP the counterpoint) (PP of (NP (NP the Chancellor 's) difficulties))) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (ADVP also) (VP resigned (PP-CLR as (NP (NP personal adviser) (PP to (NP Mrs. Thatcher))))))))))) .)) (TOP (S (NP-SBJ The problem) (VP is (SBAR-PRD that (S (PP-LOC on (NP (NP the vital issue) (PP of (NP (NP monetary policy) and (NP exchange rates))))) , (NP-SBJ conservative , free-market economists) (VP divide (PP-CLR into (NP (QP at least three) incompatible camps)))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP the strict monetarists) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP believe (SBAR that (S (NP-SBJ-2 floating exchange rates) (VP free (S (NP-SBJ an economy) (VP to (VP stabilize (NP its price level)))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP stabilizing (NP the monetary aggregates)))))))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP the supply-side globalists) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP seek (S (NP-SBJ *-2) (VP to (VP spread (NP (NP the advantages) (PP of (NP a common currency))) (PP-MNR through (NP fixed exchange rates)))))))))) .)) (TOP (S And (NP-SBJ there) (VP are (NP-PRD (NP the twin-deficit Keynesians) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP predict/advocate (NP (NP devaluations) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP balance (NP trade flows))))))))))) .)) (TOP (S (NP-SBJ-1 This) (VP is (NP-PRD a problem) (PP (CONJP not only) (PP for (NP Prime Minister Thatcher)) but (PP for (NP President Bush))) , (SBAR-ADV as (S (NP-SBJ-2 *-1) (VP shown (NP *-2) (PP-LOC-CLR in (NP (NP the ongoing bickering) (PP over (NP the dollar)) (PP between (NP (NP the Federal Reserve) and (NP the Mulford Treasury))))))))) .)) (TOP (S (PP-LOC In (NP the British case)) , (NP-SBJ Mr. Lawson) (VP is (NP-PRD (NP the closest thing) (PP-LOC in (NP London)) (PP to (NP a supply-side globalist)))) .)) (TOP (S (S (NP-SBJ-2 He) (CONJP not only) (VP slashed (NP marginal tax rates) , (S-ADV (NP-SBJ *-2) (ADVP-TMP initially) (VP sparking (NP fresh growth) (PP-LOC in (NP Britain)))))) , but (S (NP-SBJ-1 he) (VP wanted (S (NP-SBJ-3 *-1) (VP to (VP regulate (NP monetary policy) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP (VP targeting (NP exchange rates)) , (VP (ADVP indeed) joining (NP the European Monetary System)))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ *-1) (ADVP no doubt) (VP agreeing (PP-CLR with (NP Mr. Lawson)) (PP-CLR on (NP everything else))))) , (NP-SBJ-1 Sir Alan) (VP is (NP-PRD (NP a dyed-in-the-wool monetarist) , (VP inclined (S (NP-SBJ *) (VP to (VP defend (NP floating rates) (PP-CLR to (NP the death)))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP make (S (NP-SBJ matters) (ADJP-PRD (ADJP even more) confusing))))) , (NP-SBJ the earlier U.S. experience) (VP made (S (ADJP-PRD clear) (SBAR-SBJ that (S (NP-SBJ (NP Mr. Lawson 's) tax cuts) (VP would (VP have (NP (NP profound effects) (PP on (NP (NP (NP Britain 's) international accounts) and (NP (NP the value) (PP of (NP sterling)))))))))))) .)) (TOP (S (NP-SBJ-2 They) (VP (VP increased (NP (NP the after-tax rate) (PP of (NP return)))) and (VP made (S (NP-SBJ Britain) (NP-PRD (NP a (ADJP far more attractive) place) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP invest (ADVP-LOC *T*-1)))))))) , (S-ADV (NP-SBJ *-2) (VP producing (NP sudden capital inflows)))) .)) (TOP (S (PP-MNR By (NP accounting definitions)) , (NP-SBJ-1 this) (VP had (S (NP-SBJ *-1) (VP to (VP produce (NP a sudden trade deficit))))) .)) (TOP (S (PP As (PP-LOC in (NP the U.S.))) , (NP-SBJ it) (ADVP also) (VP produced (NP (NP a sudden burst) (PP-LOC in (NP (NP the demand) (PP for (NP sterling)))) (PRN , (S (NP-SBJ that) (VP is (NP-PRD (NP a surge) (PP-LOC in (NP (NP the sterling monetary aggregates) , (NP M-Whatever))))))))) .)) (TOP (S (PP-TMP At (NP this point)) , (NP-SBJ the options) (VP were : (S-PRD (S (NP-SBJ-1 *) (VP Crunch (NP money) (S-PRP (NP-SBJ *-1) (VP to (VP stop (NP (NP the boost) (PP-LOC in (NP the aggregates)))))) , (SBAR-ADV as (S (NP-SBJ Sir Alan) (ADVP surely) (VP advised (NP *?*)))))) , and (S (NP-SBJ *) (VP forget (NP the soaring pound))))) .)) (TOP (FRAG (S (NP-SBJ-1 *) (VP To (VP push (NP the pound) (ADVP-DIR even lower) (S-ADV (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP cure (NP the trade deficit))))))))) , (NP (NP a policy) (SBAR (WHNP-3 0) (S (NP-SBJ Britain) (VP has (ADVP-TMP repeatedly) (VP proved (S (NP-SBJ *T*-3) (ADJP-PRD disastrous))))))) .)) (TOP (S Or (NP-SBJ-2 *) (VP to (VP (VP supply (NP (NP enough money) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP (VP meet (NP the increased demand)) and (VP stabilize (NP the exchange rate))))))) (PRN , (SBAR-ADV as (S (NP-SBJ the Chancellor) (VP argued (NP *?*)))) ,)) and (VP ensure (NP (NP the permanence) (PP of (NP this policy))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP joining (NP the EMS))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Faced (NP *-2) (PP-CLR with (NP a similar situation)))) , (NP-SBJ-1 Paul Volcker) (VP let (S (NP-SBJ the dollar) (VP soar)) , (PRN -LRB- (SBAR-ADV though (S (NP-SBJ monetary aggregates) (ADVP also) (VP grew (ADVP-MNR (ADVP so rapidly) (SBAR 0 (S (NP-SBJ monetarists) (VP issued (NP (NP egg-on-the-face warnings) (PP of (NP inflation)))))))))) -RRB-)) .)) (TOP (S But (NP-SBJ-1 this) (VP devastated (NP the U.S. manufacturing sector) , (S-ADV (NP-SBJ *-1) (VP laying (NP (NP the seeds) (PP of (NP protectionism)))))) .)) (TOP (S (NP-SBJ-1 Mr. Lawson) , (SBAR-ADV though (S (NP-SBJ-2 *-1) not (VP allowed (S (NP-SBJ *-2) (VP to (VP join (NP the EMS))))))) , (VP chose (S (NP-SBJ *-1) (VP to (VP `` shadow '' (NP the deutsche mark))))) .)) (TOP (S (NP-SBJ-1 He) (VP reaped (NP (NP inflation) (PP along (PP with (NP rapid growth)))) , (S-ADV (NP-ADV no doubt) (NP-SBJ *-1) (VP validating (NP (NP Sir Alan 's) predictions) (PP-LOC in (NP (NP the Prime Minister 's) mind))))) .)) (TOP (S But (ADVP-TMP more recently) , (NP-SBJ the pound) (VP has (VP been (VP falling (PP with (NP (NP high inflation) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (ADVP also) (VP seemed (ADJP-PRD almost impervious (PP to (NP (NP the high interest rates) (SBAR (WHNP-2 0) (S (NP-SBJ-3 Mr. Lawson) (VP deployed (NP *T*-2) (S-PRP (NP-SBJ *-3) (VP to (VP stop (NP it))))))))))))))))))) .)) (TOP (S So (NP-SBJ the British experience) (VP presents (NP (NP a genuine puzzle) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP reaches (PP-LOC-CLR (ADVP far) beyond (NP (NP the shores) (PP of (NP Albion))))))))) .)) (TOP (S (NP-SBJ We) (VP (VP had (VP been (VP soliciting (NP (NP opinions) (PP on (NP it))) (PP-TMP (ADVP long) before (NP (NP Mr. Lawson 's) resignation))))) , and (VP offer (NP (NP some) (PP of (NP the collection))) (PP for (NP (NP the benefit) (PP of (NP (NP his (NX (NX successor) and (NX one-time deputy))) , (NP John Major))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP To (VP begin (PRT with)))) , (NP-SBJ-1 we) (VP should (VP note (SBAR that (S (PP in (NP (NP contrast) (PP to (NP the U.S. deficit)))) , (NP-SBJ Britain) (VP has (VP been (VP running (NP largish budget surpluses)))))))) .)) (TOP (S (PP-LOC In (NP (NP pursuit) (PP of (NP this mystery)))) , (NP-SBJ (NP Keynesian adepts) and (NP twin-deficit mavens)) (VP need not (VP apply)) .)) (TOP (S (NP-SBJ We) (VP should (ADVP also) (VP add (NP (NP (NP Mr. Lawson 's) own explanation) , (SBAR as (S (NP-SBJ we) (VP understand (NP it))))))) .)) (TOP (S (PP Unlike (NP the U.S.)) , (NP-SBJ Britain) (ADVP-TMP never) (VP achieved (NP (NP even a momentary reduction) (PP-LOC in (NP real wages)))) .)) (TOP (S (NP-SBJ (NP The wage stickiness) , (SBAR (WHNP-1 which) (S (NP-SBJ OECD studies) (VP confirm (SBAR 0 (S (NP-SBJ *T*-1) (VP is (ADJP-PRD particularly high) (PP-LOC in (NP Britain)))))))) ,) (VP gives (NP its economy) (NP (NP a structural bias) (PP toward (NP inflation)))) .)) (TOP (S (NP-SBJ Inflation) (VP is (ADJP-PRD (ADJP easier (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP spark (NP *T*-1)))))) and (ADJP harder (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP control (NP *T*-2)))))))) .)) (TOP (S (NP-SBJ We) (VP should (ADVP also) (VP concede (SBAR that (S (PP-LOC in (NP the British experience)) (NP-SBJ the monetarist cause) (VP regains (NP (NP some) (PP of (NP (NP the credibility) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP lost (NP *T*-1) (PP-LOC in (NP the U.S. experience))))))))))))) .)) (TOP (S (ADVP-LOC Nearby) (NP-SBJ (NP Paul Craig Roberts) , (NP (NP a distinguished supply-sider) (PP with (NP monetarist sympathies))) ,) (VP argues (NP (NP the case) (PP for (NP Sir Alan)))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ-1 (NP the fiscal shock) (PP of (NP tax cuts))) (VP is (PP-TMP after (NP all)) (VP (ADVP-MNR best) absorbed (NP *-1) (PP-MNR by (NP floating rates)) , (SBAR-ADV though (S (PP of (NP course)) (PP in (NP the event)) (NP-SBJ Mr. Lawson) (VP resigned (PP-CLR over (SBAR whether (S (NP-SBJ *) (VP to (VP support (NP a weak pound)) , not (VP restrain (NP a strong one))))))))))) .)) (TOP (S (NP-SBJ We) (VP recall (SBAR that (S (NP-SBJ Mr. Roberts) (VP (CONJP not only) (VP chides (NP-2 the Chancellor) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP being (ADJP-PRD too easy) (PP-PRP because of (NP a desire (S (NP-SBJ *) (VP to (VP constrain (NP sterling)))))))))) , (CONJP but also) (VP led (NP (NP the chorus) (VP saying (SBAR that (S (NP-SBJ Mr. Volcker) (VP was (ADJP-PRD too tight) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP let (S (NP-SBJ the dollar) (VP rise)) (ADVP-TMP *T*-1)))))))))))))) .)) (TOP (S (ADVP-LOC Somewhere (PP in (NP between))) (NP-SBJ there) (VP must (VP be (NP-PRD (NP a golden mean) , (VP (VP (ADVP perhaps) measured (NP *) (PP by (NP-LGS M-Whatever))) , but (VP (ADVP perhaps) measured (NP *) (PP by (NP-LGS purchasing power parity))))))) .)) (TOP (S (NP-SBJ-1 The globalists) (VP tend (S (NP-SBJ *-1) (VP to (VP think (SBAR 0 (S (NP-SBJ Mr. Lawson) (VP ran (PP-DIR onto (NP technical reefs))))))))) .)) (TOP (S (S (PP In (S-NOM (NP-SBJ *) (VP fixing (NP rates)))) (NP-SBJ (NP the choice) (PP of (NP initial parities))) (VP is (ADJP-PRD crucial) (PRN , (PP for (NP example)) ,))) and (S (ADVP perhaps) (NP-SBJ he) (VP picked (NP the wrong pound-DM rate))) .)) (TOP (S (PP For (NP that matter)) , (ADVP perhaps) (NP-SBJ he) (VP fixed (PP-CLR to (NP the wrong currency))) .)) (TOP (S (NP-SBJ We) (VP sympathize (PP-CLR with (NP (NP Mrs. Thatcher 's) reluctance (S (NP-SBJ *) (VP to (VP tie (NP her currency) (PP-CLR to (NP (NP one) (VP governed (NP *) (PP by (NP-LGS (NP the domestic political imperatives) (PP of (NP West Germany))))))))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ the shock) (VP would (VP have (VP been (ADJP-PRD less) (SBAR-ADV if (S (NP-SBJ they) (VP 'd (VP fixed (PP-CLR to (NP another low-tax , deregulated , supply-side economy))))))))) .)) (TOP (S (NP-SBJ (NP Alan Reynolds) (PP of (NP Polyconomics))) (VP adds (NP his suspicion (SBAR that (S (NP-SBJ the unrecognized inflationary culprit) (VP is (NP-PRD the budget surplus)))))) .)) (TOP (S (NP-SBJ (NP Those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP can (VP shake (NP Keynesian ghosts) (PP-CLR out (PP of (NP their heads)))))))) (VP might (VP recognize (SBAR that (S (NP-SBJ (NP the retirement) (PP of (NP gilts)) (PP for (NP cash))) (VP is (ADJP-PRD equivalent (PP to (NP an expansionary open-market operation)))))) , (S-ADV (ADVP indeed) , (NP-SBJ (NP it) (S *EXP*-2)) (VP is (NP-PRD (NP the definition) (PP of (NP an open market operation))) (S-2 (NP-SBJ *) (VP to (VP expand (NP the money supply)))))))) .)) (TOP (S (NP-SBJ Mr. Reynolds) (ADVP also) (VP notes (SBAR that (S (SBAR-PRP since (S (NP-SBJ British banks) (VP have (NP no reserve requirements)))) , (NP-SBJ-1 high interest rates) (VP are (ADJP-PRD (ADJP less likely (S (NP-SBJ *-1) (VP to (VP curb (NP inflation))))) (SBAR than (S (NP-SBJ *-1) (VP to (VP cause (NP recession)))))))))) .)) (TOP (S (NP-SBJ We) (VP would (VP add (SBAR that (S (PP in (NP political terms)) , (NP-SBJ (NP Mrs. Thatcher 's) problem) (VP was (S-PRD (NP-SBJ-1 *) (VP failing (S (NP-SBJ *-1) (VP to (VP decide (PP-CLR between (NP (NP the Chancellor) and (NP her adviser))))))))))))) .)) (TOP (S (PP In (NP the end)) , (S (NP-SBJ-1 neither policy) (VP was (VP followed (NP *-1)))) , and (S (PP instead of (S-NOM (NP-SBJ *-2) (VP learning (NP anything)))) (NP-SBJ-2 we) (VP are (VP left (NP *-2) (PP-CLR with (NP a mystery))))) .)) (TOP (S (S (PP In (NP particular)) , (S-NOM-SBJ (NP-SBJ *) (VP `` shadowing '' (NP a currency))) (VP is (NP-PRD (NP anything) (PP but (NP fixing))))) ; (S (NP-SBJ it) (VP is (NP-PRD an open announcement (SBAR that (S (NP-SBJ the exchange rate target) (VP has (NP no credibility))))))) .)) (TOP (FRAG (ADVP All the more so) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 strong voices) (VP are (VP heard (S (NP-SBJ *-2) (VP opposing (NP the policy))) (ADVP-TMP *T*-1))))) .)) (TOP (FRAG (ADJP Better) (S (NP-SBJ *) (VP to (VP have (NP a true monetarist policy) , (PP (ADVP just) for (NP the experience))))) .)) (TOP (S So (NP-SBJ-1 Mr. Lawson) (VP had (S (NP-SBJ *-1) (VP to (VP resign)))) .)) (TOP (S (PP In (NP the end)) (NP-SBJ-1 his move) (VP was (VP sparked (NP *-1) (PP by (NP-LGS (NP remarks) (PP-LOC in (NP (NP excerpts) (PP from (NP (NP (NP Sir Alan 's) autobiography) (PP-LOC in (NP (NP The American Economist) , (NP a 10,000-circulation academic journal))))))))))) .)) (TOP (S-CLF But (NP-SBJ it) (VP was (NP-PRD the underlying situation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP became (ADJP-PRD intolerable))))) .)) (TOP (S (SBAR-NOM-SBJ-3 (WHNP-2 What) (S (NP-SBJ (NP Mr. Major) and (NP Mrs. Thatcher)) (VP will (VP do (NP *T*-2) (ADVP-TMP now))))) (VP remains (S (NP-SBJ-1 *-3) (VP to (VP be (VP seen (NP *-1)))))) .)) (TOP (S (NP-SBJ They) (VP confront (NP (NP (NP stubborn inflation) and (NP a sagging economy)) (PRN , (S (NP-SBJ that) (VP is (S-PRD (NP-SBJ *) (VP to (VP say))))) ,) (NP stagflation))) .)) (TOP (S (S (NP-SBJ-1 This) (VP can not (VP be (VP solved (NP *-1) (PP by (S-NOM-LGS (NP-SBJ *) (VP provoking (NP a further downturn)))))))) ; (S (S-NOM-SBJ (NP-SBJ *) (VP reducing (NP (NP the supply) (PP of (NP goods))))) (VP does not (VP solve (NP inflation)))) .)) (TOP (S (NP-SBJ Our advice) (VP is (NP-PRD (NP this) : (S (NP-SBJ *) (VP (VP (ADVP-TMP Immediately) return (NP the government surpluses) (PP-CLR to (NP the economy)) (PP-MNR through (NP incentive-maximizing tax cuts))) , and (VP find (NP (NP some monetary policy target) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP balances (NP both (NP supply) and (NP (NP demand) (PP for (NP money))))) (PRN -LRB- (SBAR-ADV (WHNP-2 which) (S (NP-SBJ neither (NP aggregates) nor (NP interest rates)) (VP can (VP do (NP *T*-2))))) -RRB-))))))))) .)) (TOP (S (NP-SBJ This) (VP was (NP-PRD (NP the version) (PP of (NP supply-side economics)) (SBAR (WHNP-1 that) , (S (PP-TMP in (NP the (NX (NX late 1970s) and (NX early '80s)))) , (NP-SBJ-2 *T*-1) (VP worked (UCP-LOC (PP in (NP America)) and (ADVP world-wide)) (S-PRP (NP-SBJ *-2) (VP to (VP solve (NP (NP a (ADJP far more serious) stagflation) (SBAR than (S (NP-SBJ *?*) (VP afflicts (NP Britain) (NP-TMP today))))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP Ogilvy & Mather) , (SBAR (WHNP-1 whose declining profitability) (S (NP-SBJ *T*-1) (VP prompted (NP (NP its takeover) (PP by (NP WPP Group)) (NP-TMP earlier this year))))) ,) (VP will (VP see (S (NP-SBJ its profit margins) (VP bounce (ADVP-CLR back (PP to (NP the `` (ADJP 11.5 %) range ''))))) (PP-TMP in (NP 1990))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Graham Phillips) , (NP (NP the agency 's) new chairman-elect)) .)) (TOP (S (S (NP-SBJ (NP The ad agency 's) pretax profit margins) (VP were (PP-PRD (ADVP slightly) under (NP 10 %)) (PP-TMP at (NP (NP the time) (PP of (NP the takeover)))) , (PP according (PP to (NP analysts))))) ; (S (NP-SBJ (NP London-based WPP 's) goal) (VP is (S-PRD (NP-SBJ *) (VP to (VP increase (NP margins) (PP-CLR to (NP 12 %))))))) .)) (TOP (S (NP-SBJ Mr. Phillips) (VP made (NP his comments) (PP-TMP during (NP (NP an interview) (VP detailing (NP (NP his plans) (PP for (NP the agency))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADJP-PRD British-born)) , (NP-SBJ-1 the 24-year Ogilvy veteran) (VP was (VP named (ADVP-TMP last week) (S (NP-SBJ *-1) (VP to (VP succeed (NP (NP Kenneth Roman) , (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP is (VP leaving (PP-TMP by (NP (NP year 's) end)) (S-PRP (NP-SBJ *-3) (VP to (VP take (NP (NP a top post) (PP-LOC at (NP (NP American Express) , (NP an Ogilvy client))))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Surrounded (NP *-1) (PP by (NP-LGS (NP (NP stacks) (PP of (NP paper))) , (NP two computers) and (NP (NP photos) (PP of (NP (NP himself) (VP boating and flying)))))))) , (NP-SBJ-2 Mr. Phillips) (VP laid (PRT out) (NP (NP several changes) (SBAR (WHNP-4 0) (S (NP-SBJ-3 he) (VP hopes (S (NP-SBJ *-3) (VP to (VP make (NP *T*-4))))))) (PP-LOC at (NP the agency)))) .)) (TOP (S (ADVP First and foremost) , (NP-SBJ Mr. Phillips) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP hopes (S (NP-SBJ *-1) (VP to (VP improve (NP client service)))))))) .)) (TOP (S (NP-SBJ-3 (NP Ogilvy) (PP-LOC under (NP the fastidious Mr. Roman))) (VP gained (NP a reputation) (PP-CLR (PP as (S-NOM (NP-SBJ *-3) (ADVP-TMP occasionally) (VP being (ADJP-PRD high-handed) (PP-LOC in (NP (NP its treatment) (PP of (NP clients))))))) , (PP of (S-NOM (NP-SBJ *-3) (VP preaching (SBAR-NOM (WHNP-1 what strategy) (S (NP-SBJ a client) (VP (VP should (VP *RNR*-2)) (PRN -- (ADVP indeed) , (VP must (VP *RNR*-2)) --) (VP-2 follow (NP *T*-1)))))))))) .)) (TOP (S And (NP-SBJ-1 (NP some) (PP of (NP its top client-service executives)) , (PP including (NP Mr. Phillips)) ,) (VP were (VP promoted (NP *-1) (PP-CLR to (NP (NP the point) (SBAR (WHADVP-4 0) (S (NP-SBJ-2 they) (VP were (VP saddled (NP *-2) (PP-CLR with (NP administrative duties)) (ADVP-LOC *T*-4) , (PP with (NP (NP little time) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP see (NP clients) (ADVP-TMP *T*-3))))))))))))))) .)) (TOP (S But (NP-SBJ-1 Mr. Phillips) (ADVP-TMP recently) (VP freed (NP himself) (PRT up) (S-CLR (NP-SBJ *-1) (VP to (VP spend (NP more time) (PP-MNR with (NP clients))))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP delegating (NP (NP much) (PP of (NP his administrative work))) (PP-CLR to (NP a deputy)))))) .)) (TOP (S (NP-SBJ-1 He) (ADVP also) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP get (S (NP-SBJ *-2) (VP to (VP know (NP (NP clients) (SBAR (WHNP-3 that) (S (NP-SBJ Mr. Roman) (VP was (ADJP-PRD closer (PP to (NP *T*-3)))))) , (PP such as (NP (NP Lever Brothers) , (NP American Express) and (NP Seagram))))))))))) .)) (TOP (S (NP-SBJ-1 The two men) (VP are (VP planning (NP (NP joint visits) (PP to (NP (NP a number) (PP of (NP clients))))) (S-PRP (NP-SBJ-2 *-1) (VP to (VP attempt (S (NP-SBJ *-2) (VP to (VP (ADVP-MNR smoothly) hand (PRT over) (NP the reins))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 Clients) (VP want (S (NP-SBJ *-2) (VP to (VP see (NP (NP more) (PP of (NP (NP our senior people) (VP involved (NP *) (PP-CLR in (NP the business)))))) -- (UCP-TMP not (ADVP (ADVP once) (NP-ADV a month)) , but (NP (NP (QP two or three) times) (NP-ADV a week)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-1 Mr. Phillips) (ADVP also) (VP hopes (S (NP-SBJ *-1) (VP to (ADVP-TMP finally) (VP implement (NP (NP a reorganization) (VP (VP announced (NP *) (NP-TMP earlier this year)) but (VP put (NP *) (PP-PUT on (NP hold)) (PP by (NP-LGS the WPP takeover))))))))) .)) (TOP (S (NP-SBJ-1 The reorganization) (VP is (VP supposed (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ (NP one-stop shopping) (PRN -- (NP (S-NOM (NP-SBJ *) (VP buying (NP (NP (NP advertising) , (NP public relations) and (NP design))) all (PP-LOC in (NP one place)))) , or (NP `` (NP Ogilvy Orchestration) '' (PP in (NP Ogilvyspeak)))) --)) (NP-PRD a reality))))))) .)) (TOP (S (PP-LOC Under (NP the reorganization)) , (NP-SBJ-1 Ogilvy) (VP plans (S (NP-SBJ *-1) (VP to (VP name (NP (NP one executive) (PP-LOC on (NP each account))) (PP-CLR as (NP (NP a `` client service director '') (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP work (PP-CLR as (NP (NP (NP the client 's) single contact) (PP for (NP all those services)))))))))))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ There) (VP is (NP-PRD (NP (ADJP little or no) integration) (PP of (NP our work))))) , (S (NP-SBJ quality) (VP is (ADJP-PRD spotty))) , (S (NP-SBJ there) (VP is (NP-PRD no single focus)))) , '' (NP-SBJ Mr. Phillips) (VP complained (S *T*-2) (PP-CLR to (NP staffers)) (PP-TMP in (NP (NP March) , (SBAR (WHADVP-3 when) (S (NP-SBJ-1 the reorganization) (VP was (VP announced (NP *-1) (ADVP-TMP *T*-3)))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ Mr. Phillips) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP hopes (S (NP-SBJ *-1) (VP to (VP have (S (NP-SBJ the new system) (PP-LOC-PRD in (NP place))) (PP for (NP (NP several clients) -- (PP including (NP (NP American Express) , (NP American Telephone & Telegraph) and (NP Ryder))) --)) (PP-TMP by (NP (NP year 's) end))))))))) .)) (TOP (S (NP-SBJ-1 Industry executives and analysts) (VP are (VP divided (NP *-1) (PP-CLR on (SBAR whether (S (NP-SBJ Mr. Phillips) (VP is (PP-PRD up (PP to (NP the task))))))))) .)) (TOP (S (NP-SBJ He) (VP is n't (ADJP-PRD (ADJP as well-known (PP to (NP clients))) (SBAR as (SINV (VP is (ADJP-PRD *?*)) (NP-SBJ Mr. Roman))))) .)) (TOP (S (PP-LOC Under (NP his watch)) , (S (NP-SBJ office politicking) (VP was (ADVP-TMP often) (ADJP-PRD rampant) (PP-LOC in (NP (NP the agency 's) New York operation)))) and (S (NP-SBJ (NP the office) (ADVP-LOC there)) (VP has (VP had (NP a dismal new-business record) (PP-TMP for (NP (NP more) (PP than (NP a year))))))) .)) (TOP (SINV (S-TPC-3 And (SBAR-ADV while (S (NP-TMP last week) (NP-SBJ the agency) (VP hired (NP (NP a top Chiat/Day/Mojo executive) , (NP Bill Hamilton) , (SBAR (WHNP-4 0) (S (NP-SBJ-1 *T*-4) (VP to (VP try (S (NP-SBJ *-1) (VP to (VP bolster (NP its work)))))))))))) , `` (NP-SBJ-2 Graham) (VP has (S (NP-SBJ *-2) (VP to (VP get (S (NP-SBJ (NP the revenue) (PP of (NP that New York office))) (VP moving))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP James Dougherty) , (NP (NP an analyst) (PP with (NP County NatWest Securities)))) .)) (TOP (S (NP-SBJ (NP The one thing) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Phillips) (ADVP clearly) (VP does (VP have (NP *T*-1))))) (VP going (PP-CLR for (NP him)))) (VP is (NP-PRD continuity) , (SBAR-ADV although (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP is n't (ADJP-PRD certain) (SBAR-2 if (S (NP-SBJ that) (VP will (VP be (NP-PRD enough))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ Mr. Dougherty) (VP says (S *?*)))) , `` (S (NP-SBJ (NP The last thing) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP need (NP *T*-1))))) (VP is (NP-PRD (NP enormous disruption) (PP-LOC at (NP the top))))) ... and (S (NP-SBJ Graham) (VP is (ADVP obviously) (NP-PRD (NP a long-term member) (PP of (NP (NP the Ogilvy Mafia) , (SBAR (WHNP-2 0) as (S (NP-SBJ we) (VP call (S (NP-SBJ it) (NP-PRD *T*-2)))))))))) . '')) (TOP (S (NP-SBJ (NP Mr. Phillips) and (NP Mr. Roman)) (VP are (ADVP indeed) (ADJP-PRD quite similar (PP (PP in (NP substance)) , (CONJP if not) (PP in (NP style))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Mr. Roman) (VP is (NP-PRD a workaholic detailsman)))) , (NP-SBJ Mr. Phillips) (VP would (ADVP rather) (VP delegate , (S-ADV (NP-SBJ *) (VP leaving (NP him) (NP (NP time) (PP for (NP (NP his interests) (PP-LOC outside (NP the office))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Roman) , (PP by (NP contrast)) , (VP seems (S (NP-SBJ *-1) (ADVP-TMP rarely) (VP to (VP cut (ADVP-CLR loose) (ADVP at all) , (SBAR-ADV although (S (NP-SBJ-2 he) (VP did (VP appear (PP-LOC at (NP (NP Ogilvy 's) Halloween party)) (NP-TMP Friday) (S-ADV (NP-SBJ-3 *-2) (VP decked (PRT out) (PP-CLR in (NP (NP duck feet) and (NP a duck hat))) , (S-ADV (NP-SBJ *-3) (VP costumed (PP-CLR as (NP a `` lame duck)))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Phillips) (VP said (SBAR 0 (S (NP-SBJ (NP the company 's) expected margin improvement) (VP will (VP be (ADJP-PRD all but inevitable) , (PP given (SBAR that (S (NP-SBJ-1 (NP the company 's) profitability) (VP was (VP dragged (NP *-1) (PRT down) (NP-TMP this year) (PP by (NP-LGS (NP an expensive move) (PP to (NP luxurious , oversized new New York headquarters)))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The move) , (VP budgeted (NP *) (PP-CLR at (NP (QP about $ 7 million) *U*))) ,) (ADVP actually) (VP came (PRT in) (PP-CLR at (NP (QP about $ 10 million) *U*)))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ-1 margins) (VP will (VP be (VP helped (NP *-1) , (ADVP too) , (PP by (NP-LGS some other cost-saving steps))))) .)) (TOP (S (NP-SBJ Ogilvy) (VP (VP eliminated (NP the mail room staff)) , (VP closed (NP the executive dining room)) and (VP , (PP-TMP after (NP the takeover)) , let (S (VP go) (NP-SBJ (QP half a dozen) financial executives)))) .)) (TOP (S (NP-SBJ-2 (NP WPP) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP assumes (NP (NP financial control) (PP of (NP its businesses))) (PP-MNR in (NP a hands-on way))))) ,) (VP (VP instituted (NP a new financial system)) and (VP plans (S (NP-SBJ *-2) (VP to (VP sublet (NP (NP some floors) (PP-LOC in (NP (NP Ogilvy 's) new headquarters building))) (PP-CLR to (NP outsiders))))))) .)) (TOP (S (NP-SBJ The fact (SBAR that (S (NP-SBJ the agency) (VP will (ADVP-TMP now) (VP be (NP-PRD (NP part) (PP of (NP a U.K. company))) , (PP-LOC under (NP British accounting rules)) ,))))) (VP will (ADVP also) (VP make (S (NP-SBJ the profit picture) (VP look (ADJP-PRD better))))) .)) (TOP (S-HLN (NP-SBJ (NP Y&R 's) Klein) (VP Steps (ADVP-CLR Down)))) (TOP (S (NP-SBJ (NP Arthur Klein) , (NP (NP president) (PP of (NP (NP Young & Rubicam 's) New York office))) ,) (VP stepped (ADVP-CLR down) `` (ADVP-TMP temporarily) '' (PP-LOC in (NP (NP the wake) (PP of (NP (NP charges (SBAR *ICH*-2)) (PP by (NP (NP a federal grand jury) (PP-LOC in (NP (NP New Haven) , (NP Conn.))))) , (SBAR-2 that (S (NP-SBJ-1 (NP he) , (NP the agency) and (NP another top executive)) (VP bribed (NP Jamaican tourist officials) (S-PRP (NP-SBJ *-1) (VP to (VP win (NP its account)))) (PP-TMP in (NP 1981)))))))))) .)) (TOP (S (PP-LOC In (NP an internal memo)) , (NP-SBJ (NP Alex Kroll) , (NP (NP the agency 's) chairman) ,) (VP said (SBAR 0 (S (NP-SBJ-1 Mr. Klein) (VP decided (S (NP-SBJ *-1) (VP to (VP remove (NP himself)))) (S-PRP (S (NP-SBJ *-1) (VP to (VP minimize (NP `` (NP negative reaction) '' (PP from (NP (NP prospective clients) and (NP others))))))) and (S (NP-SBJ *-1) (VP to (VP prepare (PP-CLR for (NP his defense)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The fact (SBAR that (S (NP-SBJ-2 he) (VP is (PP-PRD in (NP (NP the process) (PP of (S-NOM (NP-SBJ *-2) (VP defending (NP himself) (PP-CLR against (NP the present charges))))))))))) (VP could (ADVP conceivably) (VP have (NP-CLR an adverse impact) (PP-CLR on (NP Y&R))))) , '' (NP-SBJ Mr. Kroll) (VP wrote (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ Mr. Klein) (VP will (VP return (PP-DIR to (NP his post)) (PP-TMP at (NP (NP the end) (PP of (NP (NP the trial) `` (SBAR (WHPP-2 at (WHNP which)) (S (NP-SBJ-1 he) (VP will (VP be (VP vindicated (NP *-1) (PP-LOC *T*-2))))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Klein) (VP will (VP work (PP-CLR with (NP Mr. Kroll)) (PP-CLR on (NP (NP some) (PP of (NP (NP the agency 's) (NX (NX joint venture activities) and (NX acquisitions)))))) (SBAR-TMP while (S (NP-SBJ the case) (VP is (ADJP-PRD pending)))))) .)) (TOP (S (NP-SBJ (NP Peter Georgescu) , (NP (NP president) (PP of (NP (NP Y&R 's) ad operations))) ,) (VP will (VP assume (NP (NP Mr. Klein 's) day-to-day role))) .)) (TOP (NP-HLN (NP Wells Rich 's) New Partner)) (TOP (S (NP-SBJ Wells , Rich , Greene) (VP named (NP Cheryl Heller) (PP-CLR as (NP an (NX (NX (NX executive vice president) (PP-LOC *RNR*-2)) and (NX (NX creative partner) (PP-LOC *RNR*-2)) (PP-LOC-2 in (NP (NP its image group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP concentrates (PP-CLR on (NP fashion and (ADJP visually oriented) advertising))))))))))) .)) (TOP (S (NP-SBJ (NP Ms. Heller) , (NP 38) ,) (VP had (VP headed (PRT up) (NP (NP Boston agency Heller/Breene) , (NP (NP a unit) (PP of (NP WCRS)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The agency) , (PP with (NP (NP (QP about $ 35 million) *U*) (PP in (NP billings)))) , (VP will (VP be (VP dissolved (NP *-1) , (SBAR-ADV with (S (NP-SBJ (NP some) (PP of (NP its staffers))) (VP absorbed (NP *) (PP by (NP-LGS (NP (NP WCRS 's) Della Femina McNamee unit) (PP-LOC in (NP Boston))))))))))) , (NP-SBJ Ms. Heller) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (ADJP-PRD too early (S (NP-SBJ *) (VP to (VP say (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP would (VP happen (PP-CLR to (NP (NP its clients) , (PP including (NP Reebok and Apple)))))))))))))))) .)) (TOP (S (PP-LOC At (NP Wells Rich)) , (NP-SBJ Ms. Heller) (VP will (VP concentrate (PP-CLR on (NP (NP accounts) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP include (NP (NP (NP Philip Morris 's) Benson & Hedges cigarette brand) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP relies (PP-CLR on (NP (NP print ads) , (NP (NP Ms. Heller 's) specialty)))))))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 *) (ADVP-TMP previously) (VP reported (NP *-1)))) , (NP-SBJ the account) (VP is (ADJP-PRD troubled) , (PP with (S-NOM (NP-SBJ Philip Morris) (VP asking (S (NP-SBJ-2 (NP Backer Spielvogel Bates) , (NP Ogilvy & Mather) , and (ADVP possibly) (NP others)) (VP to (VP try (NP-CLR their hand) (PP-CLR at (S-NOM (NP-SBJ *-2) (VP developing (NP new creative work))))))))))) .)) (TOP (S (NP-SBJ-1 Wells Rich) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP (NP the status) (PP of (NP the account))))))) , (SBAR-ADV as (SINV (VP did (VP *?*)) (NP-SBJ the other agencies)))) .)) (TOP (S (NP-SBJ Waxman Industries Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 (NP holders) (PP of (NP (NP (ADJP (QP $ 6,542,000) *U*) face amount) (PP of (NP (NP its (ADJP (QP 6 1) %) convertible subordinated debentures) , (ADJP due (NP-TMP (NP March 15) , (NP 2007))) ,))))) (VP have (VP elected (S (NP-SBJ *-1) (VP to (VP convert (NP the debt) (PP-CLR into (NP (QP about 683,000) common shares)))))))))) .)) (TOP (S (NP-SBJ The conversion price) (VP is (NP-PRD (NP $ 9.58 *U*) (NP-ADV a share))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ the holders) (VP represent (NP (NP 52 %) (PP of (NP (NP the face amount) (PP of (NP the debentures))))))))) .)) (TOP (S (NP-SBJ Waxman) (VP sells (NP (NP a variety) (PP of (NP (NP hardware products) (PP for (NP the home repair market)))))) .)) (TOP (S (NP-SBJ (NP R.H. Macy & Co.) , (NP the (ADJP closely held) department store chain) ,) (VP said (PP-LOC in (NP a financial filing)) (NP-TMP Friday) (SBAR that (S (NP-SBJ (NP its sales) (PP for (NP (NP the fiscal fourth quarter) (VP ended (NP-TMP July 29))))) (VP were (ADVP-PRD up (NP 10 %) (PP to (NP (QP $ 1.59 billion) *U*))) (PP against (NP (NP (QP $ 1.44 billion) *U*) (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ (NP Comparable store sales) (PP for (NP the quarter))) (VP were (ADVP-PRD up (NP 7.3 %))) .)) (TOP (S (NP-SBJ (NP The net loss) (PP for (NP the quarter))) (VP was (NP-PRD (QP $ 43.1 million) *U*) (PP against (NP (NP a year-earlier loss) (PP of (NP (QP $ 106 million) *U*))))) .)) (TOP (S (NP-SBJ (NP The loss) (PP-TMP in (NP (NP the fourth quarter) (PP of (NP 1988))))) (VP reflected (PP-CLR in (NP part)) (NP (NP (NP expenses) (PP for (NP (NP an unsuccessful bid) (PP for (NP Federated Department Stores Inc.))))) , (CONJP as well as) (NP (NP the restructuring) (PP of (NP (NP some) (PP of (NP its department store operations))))))) .)) (TOP (S (PP For (NP the year)) , (NP-SBJ sales) (VP were (ADVP-PRD up (NP 5.6 %) (PP to (NP (QP $ 6.97 billion) *U*))) (PP compared (PP with (NP (NP (QP $ 6.61 billion) *U*) (PP-TMP in (NP fiscal 1988)))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP both years))) (VP reflect (NP (NP 12-month performances) (PP for (NP (NP each year) (PP of (NP (NP I. Magnin) , (NP Bullock 's) , and (NP Bullocks Wilshire))))))) .)) (TOP (S (NP-SBJ Macy) (VP acquired (NP those three businesses) (PP-TMP in (NP May 1988))) .)) (TOP (S (PP On (NP a comparable store basis)) , (PP including (NP (NP the new acquisitions) (PP for (NP both years)))) , (NP-SBJ (NP sales) (PP for (NP fiscal 1989))) (VP were (ADVP-PRD up (NP 1.9 %))) .)) (TOP (S (NP-SBJ Macy) (VP reported (NP (NP a net loss) (PP for (NP fiscal 1989)) (PP of (NP (QP $ 53.7 million) *U*)) (PP compared (PP with (NP (NP a net loss) (PP of (NP (NP (QP $ 188.2 million) *U*) (PP for (NP fiscal 1988))))))))) .)) (TOP (S (NP-SBJ (NP (NP The company 's) earnings) (PP-TMP before (NP interest , taxes and depreciation)) , (SBAR (WHNP-1 which) (S (NP-SBJ bondholders) (VP use (NP *T*-1)))) (NP (NP a measurement) (PP of (NP (NP the chain 's) ability (S (NP-SBJ *) (VP to (VP pay (NP its existing debt))))))) ,) (VP increased (NP-EXT 11 %) (PP-TMP in (NP fiscal 1989)) (PP-DIR to (NP (QP $ 926.1 million) *U*)) (PP-DIR from (NP (QP $ 833.6 million) *U*))) .)) (TOP (S (NP-SBJ The (ADJP (QP $ 833.6 million) *U*) figures) (VP includes (NP the new acquisitions)) .)) (TOP (S (PP Excluding (NP those businesses)) , (NP-SBJ (NP earnings) (PP-TMP before (NP interest , taxes and depreciation)) (PP for (NP 1988))) (VP would (VP have (VP been (NP-PRD (QP $ 728.5 million) *U*)))) .)) (TOP (S (PP-TMP As (PP of (NP Feb. 1 , 1990))) , (NP-SBJ the Bullocks Wilshire stores) (VP will (VP operate (PP-CLR as (NP I. Magnin stores)))) .)) (TOP (S (ADVP Altogether) , (NP-SBJ (NP Macy) and (NP its subsidiaries)) (VP own or lease (NP (NP 149 department stores) and (NP 61 specialty stores)) (ADVP-LOC nationwide)) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ management) (VP led (NP (NP a leveraged buy-out) (PP of (NP R.H. Macy))) (PP-TMP in (NP July 1986))))) , (NP-SBJ the company) (ADVP-TMP still) (VP makes (NP financial filings) (PP-PRP because of (NP its (ADJP publicly traded) debt))) .)) (TOP (S (NP-SBJ The company) (VP estimates (NP its total debt) (PP-CLR at (NP (QP about $ 5.2 billion) *U*))) .)) (TOP (S (NP-SBJ This) (VP includes (NP (NP (NP (QP $ 4.6 billion) *U*) (PP of (NP long-term debt))) , (NP (NP (QP $ 457.5 million) *U*) (PP in (NP short-term debt))) , and (NP (NP (QP $ 95.7 million) *U*) (PP of (NP (NP the current portion) (PP of (NP long-term debt))))))) .)) (TOP (S (PP-LOC In (NP (NP a letter) (PP to (NP investors)))) , (NP-SBJ Chairman Edward S. Finkelstein) (VP wrote (SBAR that (S (NP-SBJ he) (VP expects (S (NP-SBJ the company) (VP to `` (VP benefit (PP-CLR from (NP (NP some) (PP of (NP (NP the disruption) (VP faced (NP *) (PP by (NP-LGS our competitors)))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 our competitors) (VP are (VP concerned (NP *-1) (PP-CLR with (NP (NP their financial viability) and (NP possible ownership changes))))))) , (NP-SBJ-3 we) (VP will (VP be (VP concentrating (PP-CLR on (S-NOM (NP-SBJ *-3) (VP buying and selling (NP (NP merchandise) (SBAR (WHNP-2 0) (S (NP-SBJ our customers) (VP need and want (NP *T*-2))))))))))) . '')) (TOP (S (NP-SBJ Mr. Finkelstein) (VP is (ADVP apparently) (VP referring (PP-CLR to (NP (NP (NP (NP B. Altman) and (NP Bonwit Teller)) , (NP (NP two New York retailers) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (ADVP-TMP recently) (VP filed (PP-CLR for (NP Chapter 11 bankruptcy protection)))))))) , (CONJP as well as) (NP (NP the retail chains) (VP owned (NP *) (PP by (NP-SBJ (ADJP financially troubled) Campeau Corp)))))))) .)) (TOP (S (NP-SBJ Those chains) (VP include (NP (NP Bloomingdale 's) , (SBAR (WHNP-1 which) (S (NP-SBJ Campeau) (ADVP-TMP recently) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP sell (NP *T*-1)))))))))) .)) (TOP (S (NP-SBJ (NP Other retail properties) (PP for (NP sale))) (VP include (NP (NP (NP Saks Fifth Avenue) and (NP Marshall Field)) , (NP (NP retailers) (VP (ADVP-TMP now) owned (NP *) (PP by (NP-LGS (NP B.A.T PLC) , (NP the British tobacco conglomerate))))))) .)) (TOP (S (PP-LOC In (NP his letter)) , (NP-SBJ Mr. Finkelstein) (ADVP also) (VP referred (PP-CLR to (NP the recent San Francisco earthquake))) .)) (TOP (S (NP-SBJ Mr. Finkelstein) (VP (VP flew (PP-DIR to (NP San Francisco)) (NP-TMP (NP the day) (PP-TMP after (NP the earthquake)))) , and (VP found (SBAR that (S (NP-SBJ (NP (QP 10 to 12)) (PP of (NP (NP his company 's) stores))) (VP had (VP sustained (NP some damage) , (PP including (NP (NP the breakage) (PP of (NP most windows)) (PP-LOC at (NP (NP the I. Magnin store) (PP-LOC on (NP Union Square)))))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ (NP The volume and profit impact) (PP on (NP our fiscal first quarter))) (VP will not (VP be (ADJP-PRD positive)))) , but (S (S-ADV (NP-SBJ *-1) (VP looking (PP-CLR at (NP the whole fiscal year)))) , (NP-SBJ-1 we) (VP do n't (VP see (NP the effect) (PP-CLR as (NP material)))))) , '' (VP wrote (S *T*-2)) (NP-SBJ Mr. Finkelstein) .)) (TOP (S (NP-SBJ RJR Nabisco Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP its Baby Ruth , Butterfinger and Pearson candy businesses) (PP-DTV to (NP (NP Nestle S.A. 's) Nestle Foods unit)) (PP-CLR for (NP (QP $ 370 million) *U*))))))))) .)) (TOP (S (NP-SBJ The sale) , (PP at (NP (NP a higher price) (SBAR than (S (NP-SBJ some analysts) (VP had (VP expected (NP *?*))))))) , (VP (VP helps (S (NP-SBJ the food and tobacco giant) (VP raise (NP (NP funds) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP pay (NP debt) (ADVP-MNR *T*-2))))))))) and (VP boosts (NP (NP (NP Nestle 's) (ADJP 7 %) share) (PP of (NP the U.S. candy market))) (PP-CLR to (NP (QP about 12) %)))) .)) (TOP (S (NP-SBJ The candy businesses) (VP had (NP (NP sales) (PP of (NP (NP (QP about $ 154 million) *U*) (SBAR *ICH*-2)))) (NP-TMP last year) , (SBAR-2 (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP (QP roughly 12) %) (PP of (NP (NP total revenue) (PP for (NP (NP RJR 's) Planters LifeSavers unit)))))))) , (PP according (PP to (NP (NP a memorandum) (VP distributed (NP *) (PP by (NP-LGS (NP (NP RJR 's) owner) , (NP Kohlberg Kravis Roberts & Co.))) , (PP-CLR to (NP bankers)) (NP-TMP last December)))))) .)) (TOP (S (NP-SBJ The Nestle acquisition) (VP includes (NP (NP a candy plant) (PP-LOC in (NP (NP Franklin Park) , (NP Ill.))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP employs (NP (QP about 800) workers)))))) .)) (TOP (S (NP-SBJ (NP The sale) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP had (VP been (VP expected (NP *-2)))))) ,) (VP is (NP-PRD (NP part) (PP of (NP (NP (NP KKR 's) program) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP pay (PRT down) (NP (NP (QP $ 5 billion) *U*) (PP of (NP a (ADJP (QP $ 6 billion) *U*) bridge loan))) (PP-TMP by (NP February)) (ADVP *T*-3))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP (QP Roughly $ 2 billion) *U*) (PP of (NP that debt))) (VP has (ADVP-TMP already) (VP been (VP repaid (NP *-1) (PP-CLR from (NP previous asset sales)))))) , and (S (NP-SBJ-2 RJR) (VP expects (S (NP-SBJ *-2) (VP to (VP use (NP (NP another (QP $ 2 billion) *U*) (PP from (NP (NP the pending , two-part sale) (PP of (NP (NP most) (PP of (NP its Del Monte unit)))))))))))) .)) (TOP (S (NP-SBJ That sale) , (ADVP however) , (VP could (ADVP-TMP still) (VP fall (ADVP-CLR through) (SBAR-ADV if (S (NP-SBJ financing problems) (VP develop))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP remains (ADJP-PRD crucial) (SBAR-1 for (S (NP-SBJ RJR) (VP to (VP obtain (NP top dollar) (PP-CLR for (NP (NP its smaller assets) (PP like (NP the candy brands))))))))) .)) (TOP (S (NP-SBJ (NP Louis Gerstner Jr.) , (NP (NP (NP chairman) (PP *RNR*-1)) and (NP (NP chief executive officer) (PP *RNR*-1)) (PP-1 of (NP (ADJP New York-based) RJR))) ,) (VP called (S (NP-SBJ the sale) (NP-PRD (NP (NP a `` significant step '') (PP-LOC in (NP (NP the company 's) divestiture program))) , (CONJP as well as) (NP a `` a strategic divestiture)))) . '')) (TOP (S (SBAR-TMP Since (S (NP-SBJ KKR) (VP bought (NP RJR) (PP-TMP in (NP February)) (PP-CLR for (NP (NP (QP $ 25 billion) *U*) (PP of (NP debt))))))) , (NP-SBJ-1 it) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP (NP (QP nearly $ 5 billion) *U*) (PP of (NP RJR assets)))))))) .)) (TOP (S (NP-SBJ (NP RJR 's) executives) (VP have (VP said (SBAR 0 (S (NP-SBJ they) (VP will (VP dispense (PP-CLR with (NP (NP certain brands) , (PP in (ADJP particular)) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are n't (NP-PRD leaders) (PP-LOC in (NP their markets))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP RJR Nabisco) and (NP Planters LifeSavers)) (VP will (VP concentrate (ADVP-MNR more) (PP-CLR on (NP our own core businesses))))) , '' (NP-SBJ Mr. Gerstner) (VP said (S *T*-1) (NP-TMP Friday)) .)) (TOP (S (S (NP-SBJ (NP Baby Ruth) and (NP Butterfinger)) (VP are both (PP-LOC-PRD among (NP (NP the top-selling 15 chocolate bars) (PP-LOC in (NP the U.S.)))))) , but (S (NP-SBJ (NP (NP RJR 's) overall share) (PP of (NP the (ADJP (QP roughly $ 5.1 billion) *U*) market))) (VP is (NP-PRD (QP less than 5) %))) .)) (TOP (S (NP-SBJ (NP (NP Nestle 's) share) (PP of (NP 7 %)) (PP-TMP before (NP (NP Friday 's) purchases))) (VP is (PP-PRD (ADVP far) below (NP (NP the shares) (PP of (NP (NP market leaders Hershey Foods Corp. and Mars Inc.) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP have (NP (NP (QP about 40 % and 36 %) *U*) (PP of (NP the market))) , (ADVP respectively))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP means (SBAR 0 (S (NP-SBJ Nestle) (VP is (ADVP-TMP now) (PP-LOC-PRD in (NP the candybar business)) (PP-MNR in (NP a big way))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Lisbeth Echeandia) , (NP (NP publisher) (PP of (NP (ADJP Orlando , Fla.-based) Confectioner Magazine)))) .)) (TOP (S `` (PP For (NP them)) , (NP-SBJ it) (VP makes (NP (NP all kinds) (PP of (NP sense)))) .)) (TOP (S (NP-SBJ-1 They) (VP 've (VP been (VP given (NP *-1) (NP (NP a mandate (S *ICH*-2)) (PP from (NP Switzerland)) '' (S-2 (NP-SBJ *) (VP to (VP expand (NP their U.S. chocolate operations)))))))) .)) (TOP (S (NP-SBJ-1 Nestle S.A.) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Vevey) , (NP Switzerland))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The new candy bars) , `` (VP make (NP (NP an important contribution) (PP to (NP (NP our Nestle Foods commitment) (PP to (NP this (ADJP very important) strategic unit))))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP C. Alan MacDonald) , (NP (NP president) (PP of (NP (NP Nestle Foods) (PP-LOC in (NP (NP Purchase) , (NP N.Y))))))) .)) (TOP (S (NP-SBJ (NP Aetna Life & Casualty Co. 's) third-quarter net income) (VP fell (NP-EXT 22 %) (PP-DIR to (NP (NP (QP $ 182.6 million) *U*) , or (NP (NP $ 1.63 *U*) (NP-ADV a share)))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP (NP the damages) (PP from (NP Hurricane Hugo))) and (NP (NP lower results) (PP for (NP (NP some) (PP of (NP (NP the company 's) major divisions))))))))) .)) (TOP (S (NP-SBJ Catastrophe losses) (VP reduced (NP (NP Aetna 's) net income) (PP-CLR by (NP (NP (QP $ 50 million) *U*) , (PP including (NP (NP (QP $ 36 million) *U*) (PP from (NP Hugo))))))) .)) (TOP (S (NP-TMP Last year) (NP-SBJ catastrophe losses) (VP totaled (NP (QP $ 5 million) *U*) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ net) (VP was (NP-PRD (NP (QP $ 235.5 million) *U*) , or (NP (NP $ 2.07 *U*) (NP-ADV a share))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ-1 The year-earlier results) (VP have (VP been (VP restated (NP-2 *-1) (S-PRP (NP-SBJ *-2) (VP to (VP reflect (NP an accounting change))))))) .)) (TOP (S (NP-SBJ-1 The insurer) (VP has (VP started (S (NP-SBJ *-1) (VP processing (NP (NP claims) (PP from (NP the Northern California earthquake))))) (ADVP-TMP (NP (QP nearly two) weeks) ago))) .)) (TOP (S But (SBAR-PRP because (S (NP-SBJ these claims) (VP (VP are (ADJP-PRD more difficult (S (NP-SBJ *) (VP to (VP evaluate))))) and (VP have (VP been (VP coming (ADVP-CLR in) (ADVP-MNR more slowly))))))) , (NP-SBJ the company) (VP has (NP (NP no estimate) (PP of (NP (NP the impact) (PP of (NP the earthquake)) (PP on (NP fourth-quarter results)))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP Friday) , (NP-SBJ Aetna) (VP closed (PP-CLR at (NP $ 60 *U*)) , (ADVP down (NP 50 cents))) .)) (TOP (S (PP-TMP In (NP the latest quarter)) , (NP-SBJ Aetna) (VP had (NP a (ADJP (QP $ 23 million) *U*) loss) (PP on (NP its auto/homeowners line)) , (PP compared (PP with (NP (NP earnings) (PP of (NP (QP $ 33 million) *U*)) (NP-TMP last year))))) .)) (TOP (S (NP-SBJ (NP Profit) (PP for (NP its commercial insurance division))) (VP fell (NP-EXT 30 %) (PP-DIR to (NP (QP $ 59 million) *U*)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP higher catastrophe losses) and (NP (NP the price war) (PP-LOC in (NP the property/casualty market)) (PP-TMP for (NP (QP nearly three) years))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP (NP Aetna 's) employee benefits division) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP its group health insurance operations)))) ,) (VP posted (NP (NP a (ADJP 34 %) profit gain) (PP to (NP (QP $ 106 million) *U*)))) .)) (TOP (S (NP-SBJ Third-quarter results) (VP included (NP (NP net realized capital gains) (PP of (NP (NP (QP $ 48 million) *U*) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP included (NP (NP (NP (QP $ 27 million) *U*) (PP from (NP (NP the sale) (PP of (NP Federated Investors)) (PP-TMP in (NP August))))) and (NP a (ADJP (QP $ 15 million) *U*) tax credit))))))))) .)) (TOP (S (PP-TMP In (NP the nine months)) , (NP-SBJ net) (VP rose (NP-EXT 4.3 %) (PP-DIR to (NP (NP (QP $ 525.8 million) *U*) or (NP (NP $ 4.67 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 504.2 million) *U*) , or (NP (NP $ 4.41 *U*) (NP-ADV a share))) , (NP-TMP last year))) .)) (TOP (SINV (PP-CLR-TPC-1 Out (PP of (NP (NP the mouths) (PP of (NP revolutionaries))))) (VP are (VP coming (PP-CLR *T*-1))) (NP-SBJ (NP words) (PP of (NP moderation))) .)) (TOP (SINV (ADVP-PRD-TPC-2 Here) , (PP-LOC at (NP (NP a soccer stadium) (PP-LOC near (NP (NP the black township) (PP of (NP Soweto)))))) (NP-TMP yesterday) , (VP were (ADVP-PRD *T*-2)) (NP-SBJ (NP eight leaders) (PP of (NP the African National Congress)) , (SBAR (WHNP-1 (NP seven) (WHPP of (WHNP whom))) (S (NP-SBJ *T*-1) (VP had (VP spent (NP-CLR (NP most) (PP of (NP their adult lives))) (PP-CLR in (NP prison)) (PP for (NP (NP sabotage) and (NP conspiracy (S (NP-SBJ *) (VP to (VP overthrow (NP the government)))))))))))) .)) (TOP (SINV (ADVP-PRD-TPC-2 Here) (VP were (ADVP-PRD *T*-2)) (NP-SBJ (NP (NP (QP more than 70,000) ANC supporters) , (VP gathering (PP-PRP for (NP (NP the first ANC rally) (PP-LOC inside (NP South Africa)) (SBAR-TMP since (S (NP-SBJ-1 the black liberation movement) (VP was (VP banned (NP *-1) (PP-TMP in (NP 1960))))))))))) .)) (TOP (SINV (ADVP-PRD-TPC-1 Here) (VP was (ADVP-PRD *T*-1)) (NP-SBJ (NP the state security appartus) (VP poised (S (NP-SBJ *) (VP to (VP pounce (PP-CLR on (NP (NP any words or acts) (PP of (NP (NP provocation) , (ADVP let alone) (NP revolution)))))))))) .)) (TOP (S But (NP-SBJ (NP the words) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP boomed (PP-CLR over (NP the loudspeakers)))))) (VP bore (NP (NP messages) (PP of (NP peace , unity , negotiation and discipline)))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ We) (VP stand (PP-CLR for (NP peace)) (NP-TMP today))) and (S (NP-SBJ we) (VP will (VP stand (PP-CLR for (NP peace)) (NP-TMP tomorrow))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP (NP Walter Sisulu) , (NP (NP the ANC 's) former secretary general)) (SBAR (WHNP-3 who) , (S (PP along (PP with (NP (NP five) (PP of (NP his colleagues))))) , (NP-SBJ-4 *T*-3) (VP served (NP 26 years) (PP-CLR in (NP prison)) (PP-TMP before (S-NOM (NP-SBJ-1 *-4) (VP being (VP released (NP *-1) (ADVP-TMP (NP two weeks) ago))))))))) .)) (TOP (S (NP-SBJ (NP Some members) (PP of (NP the huge crowd))) (VP shouted `` (X Viva peace , viva)) . '')) (TOP (S (NP-SBJ These) (VP are (NP-PRD (NP curious times) (PP-LOC in (NP (ADJP South African) politics)))) .)) (TOP (S (NP-SBJ-1 (NP (NP The government) and (NP the ANC)) , (NP (NP the bitterest) (PP of (NP enemies))) ,) (VP are (VP engaged (NP *-1) (PP-CLR in (NP (NP an elaborate mating dance) (VP designed (NP-2 *) (S-CLR (NP-SBJ *-2) (VP to (VP entice (NP each other) (PP-CLR to (NP the negotiating table)))))))))) .)) (TOP (S (NP-SBJ-2 Pretoria) (VP (VP releases (NP (NP the ANC leaders) , (SBAR (WHNP-1 (NP most) (WHPP of (WHNP whom))) (S (NP-SBJ *T*-1) (VP were (VP serving (NP life sentences))))))) , and (VP allows (S (NP-SBJ them) (VP to (VP speak (ADVP-MNR freely))))) , (S-ADV (NP-SBJ *-2) (VP hoping (SBAR that (S (NP-SBJ the ANC) (VP will (VP abandon (NP (NP its use) (PP of (NP violence)))))))))) .)) (TOP (S (NP-SBJ-1 The ANC leaders) (VP speak (PP-MNR in (NP (NP tones) (PP of (NP moderation)))) , (S-ADV (NP-SBJ *-1) (VP emphasizing (NP discipline))) , (S-ADV (NP-SBJ *-1) (VP hoping (SBAR 0 (S (NP-SBJ-2 the government) (VP will (VP be (VP encouraged (S (NP-SBJ-3 *-2) (VP to (VP take (NP (NP further steps) , (PP such as (NP (S-NOM (NP-SBJ *-3) (VP (VP freeing (NP (NP Nelson Mandela) , (NP the (ADJP most prominent) ANC figure))) , and (VP unbanning (NP the organization)))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The government) (PP of (NP President F.W. de Klerk))) (VP is (VP using (NP this situation) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP (VP improve (NP its international image)) and (VP head (PRT off) (NP further economic sanctions))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP the many organizations) (PP-LOC inside (NP the country)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP back (NP the ANC))))) (VP are (VP taking (NP the opportunity (S (NP-SBJ *) (VP to (VP (VP regain (NP their strength)) and (VP mobilize (NP their supporters)))))) (SBAR-ADV even though (S (NP-SBJ (NP the state) (PP of (NP emergency)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP has (VP (ADVP-MNR severely) curtailed (NP black opposition))))) ,) (VP remains (PP-PRD in (NP force))))))) .)) (TOP (S (NP-SBJ The result) (VP is (SBAR-PRD that (S (NP-SBJ the (ADJP unthinkable and illogical)) (VP are (VP happening))))) .)) (TOP (S (ADVP-TMP (NP Six months) ago) , (NP-SBJ (NP government approval) (PP for (NP an ANC rally))) (VP was (ADJP-PRD inconceivable)) .)) (TOP (SINV (ADJP-PRD-TPC-1 Equally inconceivable) (VP is (ADJP-PRD *T*-1)) (SBAR-SBJ that (S (NP-SBJ (NP the ANC) , (PP given (NP the chance (S (NP-SBJ *) (VP to (VP hold (NP a rally)))))) ,) (VP would (VP extend (NP a hand) , (SBAR-ADV albeit (FRAG (ADVP-MNR warily))) , (PP-CLR to (NP the government)))))) .)) (TOP (S (PP-LOC In (NP (NP a message) (VP read (NP *) (PRT out) (PP-LOC at (NP the rally))))) , (NP-SBJ (NP exiled ANC President Oliver Tambo) , (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP ca n't (VP (ADVP-MNR legally) be (VP quoted (NP *-3) (PP-LOC in (NP South Africa))))))) ,) (VP said (SBAR (SBAR 0 (S (NP-SBJ the country) (VP was (PP-LOC-PRD at (NP a crossroads))))) and (SBAR that (S (NP-SBJ Mr. de Klerk) `` (VP may (ADVP-TMP yet) (VP earn (NP (NP a place) (PP-LOC among (NP (NP the peacemakers) (PP of (NP our country))))) '' (SBAR-ADV if (S (NP-SBJ he) (VP chooses (NP (NP a `` path) (PP of (NP genuine political settlement)))))))))))) . '')) (TOP (S (INTJ Still) , (NP-SBJ this) (VP does n't (VP mean (SBAR (SBAR that (S (NP-SBJ either (NP the government) or (NP the ANC)) (VP is (VP changing (NP stripes))))) -- or (SBAR that (S (NP-SBJ either) (VP has (VP moved (ADVP-CLR significantly closer (PP to (NP the other)))))))))) .)) (TOP (S (S (NP-SBJ The government) (VP may (VP ease (NP repression) (PP-LOC in (NP some areas))))) , but (S (NP-SBJ it) (ADVP-TMP still) (VP keeps (NP a tight grip) (PP-LOC in (NP others)))) .)) (TOP (S (PP For (NP instance)) , (S (NP-SBJ it) (VP releases (NP Mr. Sisulu) (PP without (NP conditions)))) , yet (S (NP-SBJ-1 (NP his son) , (NP Zwelakhe) , (NP a newspaper editor) ,) (VP is (VP restricted (NP *-1) (PP-CLR to (NP his home)) (NP-TMP (NP much) (PP of (NP the day)))) and (VP is n't (VP allowed (S (NP-SBJ *-1) (VP to (VP work (PP-CLR as (NP a journalist))))))))) .)) (TOP (S (NP-SBJ-1 The ANC) (VP vows (S (NP-SBJ *-1) (VP to (VP keep (PRT up) (NP-CLR pressure) (PP-CLR on (NP the government)))))) .)) (TOP (S (NP-SBJ Speakers) (NP-TMP yesterday) (VP (VP called (PP-CLR on (NP-3 foreign governments)) (S-CLR (NP-SBJ *-3) (VP to (VP increase (NP (NP sanctions) (PP against (NP Pretoria))))))) and (VP urged (NP-1 (NP supporters) (PP-LOC inside (NP the country))) (S (NP-SBJ-2 *-1) (VP to (VP continue (S (NP-SBJ *-2) (VP defying (NP (NP emergency restrictions) and (NP (NP racial segregation) , (VP known (NP *) (PP-CLR as (NP apartheid)))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP can not (VP wait (PP-CLR on (NP-1 the government)) (S-CLR (NP-SBJ *-1) (VP to (VP make (NP changes) (PP-MNR at (NP its own pace)))))))) , '' (NP-SBJ Mr. Sisulu) (VP said (S *T*-2)) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ-3 the ANC) (VP remains (VP banned (NP *-3))))) , (NP-SBJ both (NP (NP the government) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP approved (NP the rally))))) , and (NP (NP the organizers) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP orchestrated (NP it))))) ,) (VP denied (SBAR 0 (S (NP-SBJ it) (VP was (NP-PRD an ANC rally))))) .)) (TOP (S (NP-SBJ (NP They) (NP both)) (VP called (S (NP-SBJ it) (NP-PRD a `` welcome home '' gathering))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ (NP an ANC rally) (PP by (NP any other name))) (VP is (ADVP-TMP still) (NP-PRD an ANC rally)) .)) (TOP (S (NP-SBJ The (ADJP recently released) leaders) (VP sat (PP (ADVP high) atop (NP a podium)) (PP-LOC in (NP (NP one section) (PP of (NP the stadium stands))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-2 Behind (NP them)) (VP was (PP-LOC-PRD *T*-2)) (NP-SBJ (NP a huge ANC flag) and (NP (NP an (ADJP even bigger) sign) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP said `` (S-TTL (S (NP-SBJ ANC) (VP Lives)) , (S (NP-SBJ ANC) (VP Leads)))))))) . '')) (TOP (SINV (PP-LOC-PRD-TPC-2 Next (PP to (NP them))) (VP was (PP-LOC-PRD *T*-2)) (NP-SBJ (NP the red flag) (PP of (NP (NP the outlawed South African Communist Party) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (ADVP-TMP long) (VP been (NP-PRD an ANC ally)))))))) .)) (TOP (S (PP-LOC In (NP the stands)) , (NP-SBJ people) (VP (VP waved (NP ANC flags)) , (VP wore (NP ANC T-shirts)) , (VP sang (NP ANC songs)) and (VP chanted (NP ANC slogans))) .)) (TOP (S-1 `` (NP-TMP Today) (PRN , '' (SINV (VP said (S *T*-1)) (NP-SBJ Mr. Sisulu)) ,) `` (NP-SBJ the ANC) (VP has (VP captured (NP (NP the center stage) (PP of (NP (NP political life) (PP-LOC in (NP South Africa))))))) . '')) (TOP (S (SBAR-TMP As (S (NP-SBJ a police helicopter) (VP circled (ADVP-LOC overhead)))) , (NP-SBJ Mr. Sisulu) (VP repeated (NP (NP (NP (NP the ANC 's) demands (S *ICH*-1)) (PP on (NP the government)) (S-1 (NP-SBJ *) (VP to (VP create (NP (NP a climate) (PP for (NP negotiations))))))) : (S (S (NP-SBJ *) (VP Release (NP all political prisoners) (ADVP-MNR unconditionally))) ; (S (NP-SBJ *) (VP lift (NP (NP all bans and restrictions) (PP on (NP individuals and organizations))))) ; (S (NP-SBJ *) (VP remove (NP all troops) (PP-CLR from (NP the black townships)))) ; (S (NP-SBJ *) (VP end (NP (NP the state) (PP of (NP emergency))))) , and (S (NP-SBJ *) (VP cease (NP all (NX (NX political trials) and (NX political executions)))))))) .)) (TOP (S-2 (SBAR-ADV If (S (NP-SBJ-1 these conditions) (VP are (VP met (NP *-1))))) (PRN , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) ,) (NP-SBJ-3 the ANC) (VP would (VP be (VP prepared (S (NP-SBJ-4 *-3) (VP to (VP discuss (S (NP-SBJ *-4) (VP suspending (NP its guerrilla activities))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP can (VP be (NP-PRD (NP no question) (PP of (S-NOM (NP-SBJ us) (VP (ADVP-MNR unilaterally) abandoning (NP the armed struggle)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) . ``)) (TOP (S (PP-TMP To (NP date)) , (NP-SBJ we) (VP see (NP no clear indication (SBAR that (S (NP-SBJ the government) (VP is (ADJP-PRD serious (PP about (NP negotiations)))))))) .)) (TOP (S (NP-SBJ All their utterances) (VP are (ADJP-PRD vague)) . '')) (TOP (S (S-ADV (NP-SBJ *-2) (VP Echoing (NP (NP a phrase) (PP from (NP Mr. de Klerk))))) , (NP-SBJ-2 Mr. Sisulu) (VP said , `` (S (NP-SBJ *) (VP Let (S (NP-SBJ-3 (NP all) (PP of (NP us)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP love (NP this country))))) (VP engage (PP-CLR in (NP (NP the task) (PP of (S-NOM (NP-SBJ *-3) (VP building (NP a new South Africa))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Westinghouse Electric Corp.) (VP shuttered (NP (NP its massive steam turbine plant) (PP-LOC in (NP (NP Lester) , (NP Pa.) ,))) (ADVP-TMP (NP three years) ago) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP seemed (SBAR-CLR like (S (NP-SBJ the company) (VP had (VP pulled (NP the plug) (PP-CLR on (NP its century-old power generation business))))))) .)) (TOP (S But (ADVP-TMP now) (NP-SBJ Westinghouse) (VP (VP is (VP enjoying (NP (NP a resurgence) (PP-LOC in (NP (NP demand) (PP for (NP both steam and combustion turbines))))))) and (VP may (ADVP even) (VP join (NP (NP the growing legion) (PP of (NP independent electric producers)))))) .)) (TOP (S And (PP with (NP (NP its new venture) (PP with (NP (NP Japan 's) Mitsubishi Heavy Industries Ltd.)) , (VP announced (NP *) (NP-TMP last week)) ,)) (NP-SBJ-1 it) (VP is (VP poised (S (NP-SBJ *-1) (VP to (VP penetrate (NP (NP growing markets) (ADVP-LOC overseas))))))) .)) (TOP (S (PP-TMP For (NP (NP the first time) (PP-TMP since (NP the mid-1970s)))) , (NP-SBJ Westinghouse) (NP-TMP this year) (VP has (VP seen (NP (NP a significant increase) (PP-LOC in (NP (NP orders) (PP for (NP power plants))))))) .)) (TOP (S (S (NP-SBJ Most) (VP are (PP-PRD from (NP (NP independent producers) (CONJP instead of) (NP regulated utilities))))) , and (S (NP-SBJ Westinghouse) (VP believes (SBAR 0 (S (NP-SBJ it) (VP will (VP ride (NP (NP a wave) (PP of (NP demand)) (VP stretching (PP-CLR over (NP the next six years)))))))))) .)) (TOP (S (NP-SBJ-1 Analysts) (VP agree , (S-ADV (NP-SBJ *-1) (VP predicting (SBAR that (S (NP-SBJ the revived market) (VP could (VP (ADVP-MNR significantly) boost (NP (NP Westinghouse 's) bottom line) (PP-TMP in (NP coming years))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 (NP Westinghouse 's) earnings) (VP could (VP be (VP (ADVP-MNR materially) enhanced (NP *-2) (UCP-TMP (PP in (NP the mid-1990s)) or (ADVP sooner)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Russell L. Leavitt) , (PP of (NP Salomon Brothers Inc))) .)) (TOP (S (NP-SBJ The company) (VP expects (NP (NP a need) (PP for (NP (NP 140,000 megawatts) (PP of (NP new generation)))) (PP-LOC in (NP the U.S.)) (PP-TMP over (NP the next decade)))) .)) (TOP (S (ADVP-TMP Already) (NP-TMP this year) , (NP-SBJ it) (VP has (VP received (NP (NP (NP (NP orders) (PP-1 for (NP four 150-megawatt advanced combustion turbines)) (PP-2 from (NP Florida Power & Light Co.))) and (NP (PP=1 for (NP two 300-megawatt plants)) (PP=2 from (NP Intercontinental Energy Corp.)))) , (PP-LOC among (NP others))))) .)) (TOP (S (NP-SBJ (NP (NP Westinghouse 's) own role) (PP as (NP a supplier))) (ADVP also) (VP is (VP changing)) .)) (TOP (S (PP-TMP In (NP the past)) , (NP-SBJ the company) (ADVP-TMP usually) (VP took (NP (NP token equity positions) (PP-LOC in (NP (NP power plants) (SBAR (WHNP-1 0) (S (NP-SBJ-2 it) (VP supplied (NP *T*-1) (PP-CLR as (NP a `` kicker '')) (S-PRP (NP-SBJ *-2) (VP to (VP close (NP deals))))))))))) .)) (TOP (S But (NP-SBJ (NP last June 's) annnouncement (SBAR that (S (NP-SBJ Westinghouse) (VP would (VP put (PRT up) (NP (NP all) (PP of (NP the (QP $ 70 million) *U*)) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP build (NP a new 55-megawatt plant) (ADVP-MNR *T*-1))))))))))) (VP could (VP herald (NP a new age))) .)) (TOP (S (NP-SBJ (NP Westinghouse 's) plant) (VP will (VP (VP provide (NP-1 electrical power) (PP-CLR-2 to (NP the Southern California Edison Co.))) and (VP (NP=1 (NP backup power) and (NP steam)) (PP-CLR=2 to (NP the U.S. Borax & Chemical Co))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ We) (VP have n't (VP decided (PP-CLR on (NP a strategy)) (ADVP-TMP yet)))) , but (S (NP-SBJ we) (VP could (VP become (NP-PRD an independent producer) (PP depending (PP on (SBAR whether (S (NP-SBJ we) (VP 're (NP-PRD (NP the developer) or (NP just the supplier))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Theodore Stern) , (NP (NP executive vice president) (PP of (NP (NP the company 's) energy and utility systems group)))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ Westinghouse) (VP hopes (SBAR 0 (S (NP-SBJ-1 (NP its venture) (PP with (NP Mitsubishi))) (VP will (VP help (S (NP-SBJ *-1) (VP fend (PRT off) (NP (NP growing competition) (PRN , (PP-LOC (ADVP particularly) in (NP the U.S.)) ,) (PP from (NP (NP such European competitors) (PP as (NP (NP Asea Brown Boveri AG) , (NP Siemens AG) , and (NP British General Electric Co))))))))))))) .)) (TOP (S (PP-LOC Under (NP the agreement)) , (NP-SBJ-1 Westinghouse) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP (VP purchase (NP smaller combustion turbines) (PP-CLR from (NP its Japanese partner))) , and (VP package and sell (NP them) (PP-CLR with (NP its own (NX (NX generators) and (NX other equipment))))))))))) .)) (TOP (S (NP-SBJ Westinghouse) (ADVP also) (VP (ADVP-MNR jointly) will (VP bid (PP-CLR on (NP projects)) (PP with (NP Misubishi)) , (S-ADV (NP-SBJ *) (VP giving (NP it) (NP an edge (PP-LOC in (NP developing Asian markets))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 the two companies) (VP will (VP (VP develop (NP (NP new steam turbine technology) , (PP such as (NP (NP the plants) (VP ordered (NP *) (PP by (NP-LGS Florida Power))))))) , and (ADVP even) (VP utilize (NP (NP each other 's) plants) (PP-TMP at (NP times)) (S-PRP (NP-SBJ *-1) (VP to (VP take (NP-CLR advantage) (PP-CLR of (NP currency fluctuations)))))))) .)) (TOP (S `` (S-TPC-1 (SBAR Even though (S (NP-SBJ we) (VP 'll (ADVP-TMP still) (VP compete (PP-CLR against (NP Mitsubishi)))))) , (S (NP-SBJ we) (VP can (ADVP also) (VP work (ADVP-MNR jointly) (PP-LOC on (NP some projects))))) , and (S (NP-SBJ we) (VP 'll (VP gain (NP (NP a lot) (PP of (NP sourcing flexibility))))))) , '' (NP-SBJ Mr. Stern) (VP contends (S *T*-1)) .)) (TOP (S (NP-SBJ-1 The Westinghouse-Mitsubishi venture) (VP was (VP designed (NP *-1) (PP-CLR as (NP a non-equity transaction)) , (PP circumventing (NP any possible antitrust concerns)))) .)) (TOP (S (NP-SBJ Westinghouse) (VP (ADVP-MNR carefully) crafted (NP the agreement) (SBAR-PRP because (S (NP-SBJ the Justice Department) (NP-TMP earlier this year) (VP (ADVP-MNR successfully) challenged (NP (NP a proposed steam turbine joint venture) (PP with (NP Asea Brown Boveri))))))) .)) (TOP (S (NP-SBJ It) (VP is (VP expected (SBAR that (S (NP-SBJ-2 (NP the current surge) (PP-LOC in (NP (NP demand) (PP for (NP new power))))) (VP will (VP be (VP filled (NP *-2) (PP (ADVP primarily) by (NP-LGS (NP independent producers) (SBAR (WHNP-3 which) , (S (PP unlike (NP utilities)) , (NP-SBJ-1 *T*-3) (VP (VP are n't (VP regulated (NP *-1))) and (VP (ADVP therefore) do n't (VP need (NP government approval) (S-PRP (NP-SBJ *-1) (VP to (VP construct (NP new plants)))))))))))))))))) .)) (TOP (S (NP-SBJ Westinghouse) (VP expects (S (NP-SBJ (NP (QP about half)) (PP of (NP (NP its new orders) (PP for (NP turbines))))) (VP to (VP come (PP-DIR from (NP independent producers)) (PP-TMP for (NP (QP at least the next six) years)))))) .)) (TOP (S (PP Despite (NP (NP shutdowns) (PP of (NP (NP the company 's) Lester and East Pittsburgh plants)))) , (NP-SBJ the company) (VP believes (SBAR 0 (S (NP-SBJ it) (VP has (NP (NP sufficient capacity) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP meet (NP near-term demand) (PP with (NP (NP its (ADJP (ADJP much smaller) and (ADJP more efficient)) manufacturing facilities) (PP-LOC in (NP North Carolina)))) (ADVP *T*-1)))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ Westinghouse) (VP acknowledges (SBAR that (S (NP-SBJ (NP demand) (PP from (NP independent producers))) (VP could (VP evaporate (SBAR-ADV (SBAR if (S (NP-SBJ (NP prices) (PP for (NP (NP fuel) (PP such as (NP (NP natural gas) or (NP oil)))))) (VP rise (ADVP-MNR sharply)))) or (SBAR if (S (NP-SBJ-3 (NP utilities) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP have (VP been (VP pressured (PP by (NP-LGS regulators)) (S (NP-SBJ *-1) (VP to (VP keep (S (ADJP-PRD down) (NP-SBJ rates)))))))))) ,) (VP are (ADVP-TMP suddenly) (VP freed (S (NP-SBJ *-3) (VP to (VP add (NP significant generating capacity)))))))))))))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ that scenario) (VP occurs))) , (NP-SBJ Westinghouse) (VP figures (SBAR 0 (S (NP-SBJ-1 it) (VP is (VP prepared (NP *-1)))))) .)) (TOP (S (NP-SBJ The company) (ADVP-TMP already) (VP is (VP gearing (PRT up) (PP-CLR for (NP (NP a renaissance) (PP of (NP nuclear power)))) (SBAR-ADV even though (S (NP-SBJ it) (VP has n't (VP received (NP (NP an order) (PP for (NP a domestic nuclear plant))) (PP-TMP in (NP a decade)))))))) .)) (TOP (S (NP-SBJ (NP John C. Marous) , (NP (NP chairman) and (NP chief executive officer)) ,) (VP says (SBAR 0 (S (NP-SBJ he) (VP expects (NP (NP a commercial order) (PP *ICH*-2)) (PP-TMP by (NP 1995)) (PP-2 for (NP (NP (NP the company 's) AP600 nuclear power plant) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (PP-LOC-PRD under (NP development))))))))))) .)) (TOP (S `` (SBAR-TMP Once (S (NP-SBJ we) (VP see (NP an order)))) , (NP-SBJ we) (VP expect (SBAR 0 (S (NP-SBJ it) (VP 'll (VP be (PP-LOC-PRD on (NP line)) (PP-TMP by (NP 2000))))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-3 Among (NP (NP the things) (SBAR (WHNP-2 0) (S (NP-SBJ-4 I) (VP learned (NP *T*-2) (S-ADV (NP-SBJ *-4) (VP covering (NP the World Series) (NP-TMP these past few weeks)))))))) (VP is (PP-LOC-PRD *T*-3)) (SBAR-SBJ that (S (NP-SBJ (NP the Richter scale) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP measures (NP earthquakes)))) ,) (VP is n't (PP-PRD like (NP (NP the one) (PP-LOC in (NP your bathroom))))))) .)) (TOP (S (S (NP-SBJ (NP A quake) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP measures (NP-ADV two) (PP-LOC on (NP the Richter)))))) (VP is n't (ADJP-PRD (ADJP twice as severe) (PP as (NP a `` one ''))))) -- (S (NP-SBJ it) (VP 's (ADJP-PRD (QP 10 times) worse))) .)) (TOP (S (NP-SBJ A `` three '') (VP is (NP-PRD (NP (QP 10 times) 10) (ADVP again)) , (ADVP and so on)) .)) (TOP (S (NP-SBJ That) (VP put (NP (NP the `` seven '') (PP of (NP Oct. 17))) (PP-CLR in (NP perspective)) (PP for (NP me))) .)) (TOP (S (NP-SBJ *-1) (VP Think (SBAR 0 (S (NP-SBJ-1 I) (VP 'll (VP buy (NP (NP one) (PP of (NP those `` (S-TTL (NP-SBJ I) (VP Survived)) '' T-shirts))) (PP-TMP after (NP all))))))) .)) (TOP (S (PP By (NP Richterian standards)) , (NP-SBJ-2 (NP the show) (SBAR (WHNP-1 that) (S (NP-SBJ the Oakland Athletics) (VP put (PP-PUT on (NP *T*-1)) (NP-TMP Friday and Saturday nights))))) (PRN , (PP in (S-NOM (NP-SBJ *-2) (VP putting (NP-CLR a mercifully swift end) (PP-CLR to (NP (NP the game 's) Longest Short Series))))) ,) (VP rated (ADVP-CLR somewhere (PP between (NP (NP a 10) and (NP an 11))))) .)) (TOP (S (S (NP-SBJ (NP The boys) (PP with (NP (NP the white elephants) (PP on (NP their sleeves))))) (VP might not (VP have (VP made (S (NP-SBJ the earth) (VP move (ADVP much))))))) , but (S (NP-SBJ they) (ADVP certainly) (VP did (NP some impressive things) (PP with (NP baseballs)))) .)) (TOP (S (NP-SBJ The Pale Pachyderms) (VP propelled (NP (NP six) (PP of (NP 'em))) (PP-DIR out (PP of (NP (NP the unfriendly confines) (PP of (NP Candlestick Park))))) (PP-TMP during (NP the two games)) (PP en (NP (NP route) (PP to (NP (NP (ADVP 13-7 and 9-6) wins) (PP over (NP the San Francisco Giants))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Combined (NP *-2) (PP-CLR with (NP (NP (NP their two pre-quake victories) , (PP-TMP (ADVP way back) on (NP Oct. 14 and 15))) (PRN -LRB- (S (S (NP-SBJ the scores) (VP were (NP-PRD 5-0 and 5-1))) , (FRAG (VP remember)) ?) -RRB-))))) , (NP-SBJ-1 that) (VP gave (NP them) (NP (NP a sweep) (PP of (NP the best-of-seven series)))) .)) (TOP (S (NP-SBJ (NP The joke) (ADVP-LOC here)) (VP is (SBAR-PRD that (S (NP-SBJ the Giants) (VP lost (PP-MNR by (NP de fault)))))) .)) (TOP (S (NP-SBJ That) (VP 's (ADJP-PRD (ADJP geologically correct) , but (ADJP (NP-ADV a trifle) unfair) (ADVP otherwise))) .)) (TOP (S (NP-SBJ They) (VP (VP showed (PRT up)) , but (VP did n't (PRN -- or could n't --) (VP challenge))) .)) (TOP (S (NP-SBJ-1 They) (VP (VP led (PP-TMP for (NP nary an inning)) (PP-TMP in (NP the four games))) , and (VP managed (S (NP-SBJ *-1) (VP to (VP stir (NP their fans) (ADVP-TMP only once)))))) .)) (TOP (S (NP-SBJ That) (VP came (PP-TMP in (NP (NP the seventh inning) (PP of (NP Game Four)))) (SBAR-TMP (WHADVP-2 when) , (S (S-ADV (NP-SBJ *-1) (VP trailing (ADVP-CLR 8-2))) , (NP-SBJ-1 they) (VP (VP scored (NP-ADV four times)) and (VP brought (NP (NP their big heat) -- (NP (NP Will Clark) and (NP Kevin Mitchell)) --) (PP-CLR to (NP the plate)) (PP with (NP (NP one out) and (NP (NP a runner) (ADJP on))))) (ADVP-TMP *T*-2))))) .)) (TOP (S But (S (NP-SBJ Clark) (VP flied (PRT out) (PP-CLR to (NP short right field)))) and (S (NP-SBJ-1 (NP (NP Mitchell 's) drive) (PP to (NP left))) (VP was (VP caught (NP *-1) (PP-LOC on (NP the warning track)) (PP by (NP-LGS Rickey Henderson)) (SBAR-TMP as (S (NP-SBJ (NP 62,000 sets) (PP of (NP lungs))) (VP exhaled (PP-MNR as (NP one)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP (VP went (ADVP-DIR out) (PP-DIR to (NP (NP Todd -LCB- Burns) , (NP (NP the A 's) reliever) -RCB-))) and (VP told (NP him) (SBAR that (S (NP-SBJ-1 we) (VP were n't (VP gon (S (NP-SBJ *-1) (VP na (VP let (S (NP-SBJ this guy) (VP beat (NP us))))))))))))) , '' (VP said (S *T*-2) (PP-CLR *ICH*-3)) (NP-SBJ Oakland catcher Terry Steinbach) (PP-CLR-3 of (NP (NP the decisive confrontation) (PP with (NP (NP Mitchell) , (NP (NP the National League 's) reigning home-run king))))) .)) (TOP (S `` (S (NP-SBJ I) (VP told (NP-2 him) (S (NP-SBJ *-2) (VP to (VP make (S (NP-SBJ Mitchell) (VP reach (PP-CLR for (NP everything))))))))) , and (S (NP-SBJ that) (VP 's (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ we) (VP did (NP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP The ball) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP hit (NP *T*-1))))) (VP was n't (NP-PRD a strike)) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ it) (VP had (VP been (NP-PRD *?*))))) , (NP-SBJ he) (VP mighta (VP hit (NP it) (PRT out))) . '')) (TOP (S But (SBAR-ADV if (S (NP-SBJ the A 's) (VP had n't (VP won (PP in (NP four)))))) , (NP-SBJ they) (VP would (VP have (VP prevailed (PP in (NP five , or six , or seven))))) .)) (TOP (S (NP-SBJ The best team) (VP won (NP this Series) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD (ADJP more unusual) (SBAR than (S (NP-SBJ it) (VP may (VP sound (ADJP-PRD *?*)))))))))) .)) (TOP (S (NP-SBJ Baseball) (VP ai n't (NP-PRD (NP football) , (SBAR (WHADVP where) (S (NP-SBJ the good teams) (VP beat (PRT up) (PP-CLR on (NP the bad ones))))))) .)) (TOP (S (S (NP-SBJ The best baseball teams) (VP win (NP (QP six of 10) games))) and (S (NP-SBJ the worst) (VP win (NP (NP four) (PP of (NP 10))))) .)) (TOP (S (PP Without (S-NOM (NP-SBJ *-1) (VP becoming (ADJP-PRD overly contentious)))) , (NP-SBJ-1 *) (VP allow (S (NP-SBJ me) (VP to (VP suggest (SBAR that (S (NP-SBJ (NP several recent champions) (PP of (NP (NP the world) (PP according (PP to (NP (NP us) (PRN -LRB- (PP as (PP in (NP U.S.))) -RRB-))))))) (VP might not (VP have (VP ranked (NP-ADV No. 1) (PP-LOC in (NP many polls))))))))))) .)) (TOP (S (NP-SBJ That list) (VP includes (NP (NP (NP last season 's) champs) , (NP the Los Angeles Dodgers) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP rode (NP (NP (NP a miracle home run) (PP by (NP Kirk Gibson))) and (NP (NP two faultless pitching performances) (PP by (NP Orel Hershiser)))) (PP-DIR to (NP (NP a five-game triumph) (PP over (NP a bewitched , bothered Oakland crew))))))))) .)) (TOP (S (NP-SBJ These A 's) , (ADVP however) , (VP got (NP (NP few grades) (ADJP (ADJP as low) (PP as (NP B)))) (PP-LOC on (NP their 1989 report card))) .)) (TOP (S (NP-SBJ-1 They) (VP (VP led (NP the Major Leagues) (PP-CLR in (NP regular-season wins)) (PP-CLR with (NP 99))) and (VP flattened (NP the Toronto Blue Jays) (ADVP-CLR four games to one) (PP for (NP the American League pennant) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP stomping (NP their cross-bay rivals))))))) .)) (TOP (S (NP-SBJ (NP The pithiest testimony) (PP to (NP (NP their domination) (PP of (NP the just-concluded tournament))))) (VP came (PP-DIR from (NP (NP Giants ') manager Roger Craig)) (SBAR-TMP after (S (NP-SBJ his team) (VP had (VP fallen (PP-LOC in (NP Game Three)) (PP-CLR to (NP (NP a five-home-run barrage) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP tied (NP a 61-year-old Series record))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-3 *-2) (VP Asked (NP *-3) (SBAR-NOM (WHNP-1 what) (S (NP-SBJ he) (VP would (VP do (NP *T*-1) (ADVP-MNR differently) (PP-TMP on (NP the morrow)))))))) , (NP-SBJ-2 Craig) (VP allowed (SBAR that (S (NP-SBJ he) (VP might (VP play (NP his outfielders) (ADVP-MNR deeper) , `` (ADVP maybe) (PP-LOC-CLR on (NP (NP the other side) (PP of (NP the fence))))))))) . '')) (TOP (S (NP-SBJ (NP (NP The A 's) offensive showing) (PP-LOC in (NP the Series))) (VP got (NP (NP an A) , (PP as (PP in (ADJP awesome))))) .)) (TOP (S (S (NP-SBJ Their 85 total bases) (VP broke (NP (NP a record) (PP for (NP a four-game set))))) , and (S (NP-SBJ their nine home runs) (VP tied (NP one))) .)) (TOP (S (NP-SBJ Eight Oakland players) (VP hit (NP homers) , (PP with (S-NOM (NP-SBJ centerfielder Dave Henderson) (VP getting (NP (NP two) , (NP (NP both) (PP-TMP on (NP Friday)))))))) .)) (TOP (S (NP-SBJ (NP Rickey Henderson) , (NP the do-everything leadoff man) ,) (VP (VP had (NP nine hits)) and (VP set or tied (NP (NP four-game Series marks) (PP for (NP (NP (NP triples) (PRN -LRB- (NP 2) -RRB-)) and (NP (NP stolen bases) (PRN -LRB- (NP 3) -RRB-))))))) .)) (TOP (S (S (NP-SBJ (NP The sole A) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) not (VP to (VP homer))))) (VP was (NP-PRD (NP cleanup hitter Mark McGwire) , (NP (NP their regular-season leader) (PP with (NP 33))) ,))) and (S (NP-SBJ he) (VP contributed (NP (NP five hits) plus (NP (NP a diving fielding play) (PP on (NP a ground ball)) (PP-TMP in (NP Game Three)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stopped (NP a Giant rally) (SBAR-TMP while (S (NP-SBJ the issue) (ADVP-TMP still) (VP was (PP-PRD in (NP doubt)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ *-5) (VP Think (SBAR 0 (S (NP-SBJ-5 I) (VP 'll (VP (VP redo (NP my image)) -- (VP get (S (NP-SBJ-4 this) (VP changed (NP *-4) (PP-CLR to (NP a glove))))))))))) , '' (VP quipped (S *T*-1)) (NP-SBJ-2 the big first baseman) (NP-TMP Saturday night) , (S-ADV (NP-SBJ *-2) (VP fingering (NP (NP the gold bat) (SBAR (WHNP-3 0) (S (NP-SBJ he) (VP wears (NP *T*-3) (PP-MNR on (NP a neck chain)))))))) .)) (TOP (S (PP (ADVP Even) with (NP that power show)) , (ADVP though) , (NP-SBJ (NP (NP the Oakland Series ') star) , (VP certified (NP *) (PP by (NP-LGS the Most Valuable Player award))) ,) (VP was (NP-PRD (NP a pitcher) , (NP Dave Stewart))) .)) (TOP (S (NP-SBJ He) (VP (VP shut (PRT out) (NP the Giants) (PP-CLR on (NP five hits)) (PP-TMP in (NP Game One))) , and (VP allowed (NP (NP three runs) (PP on (NP five hits))) (PP-TMP in (NP seven innings)) (NP-TMP Friday) (PP-TMP after (NP (NP the 12-day break) (VP caused (NP *) (PP by (NP-LGS the earthquake))))))) .)) (TOP (S (NP-SBJ (NP Stewart 's) honor) (VP was (NP-PRD a nice note) (PP-PRP on (NP (NP a couple) (PP of (NP grounds))))) .)) (TOP (S (NP-SBJ One) (VP was (SBAR-PRD that , (S (PP despite (NP (NP his 62 regular-season wins) (PP-TMP over (NP the past three seasons)) (PP-LOC in (NP (NP the Land) (PP-LOC Beyond (NP the Late News)))))) , (NP-SBJ-2 he) (VP (VP has (VP been (VP overshadowed (NP *-2) (PP by (NP-LGS his more-muscular mates))))) and (VP missed (PRT out) (PP-CLR on (NP (NP prizes) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP have (VP been (NP-PRD his due))))))))))))) .)) (TOP (S (NP-SBJ The other) (VP is (SBAR-PRD that (S (NP-SBJ he) (VP (VP 's (NP-PRD an Oakland native)) , and (VP lifted (NP (NP residents ') spirits) (PP-MNR by (NP (NP his visits) (PP to (NP quake-hit areas)) (NP-TMP last week)))))))) .)) (TOP (S (ADVP-TMP Afterward) , (SBAR-TMP as (S (NP-SBJ the A 's) (VP toasted (NP their victory) (PP-MNR with (NP beer))))) (PRN -LRB- (S (NP-SBJ they) (VP dispensed (PP-CLR with (NP traditional champagne showers)) (PP in (NP (NP deference) (PP to (NP the quake victims)))))) -RRB-) , (NP-SBJ Stewart) (VP said (SBAR 0 (S (NP-SBJ he) (VP thought (SBAR 0 (S (NP-SBJ his championship-team ring) (VP would (VP outshine (NP his individual trophy))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ *) (VP Give (NP me (NP (NP (QP four or five more) Series) (PP with (NP these guys)))))) , and (S (NP-SBJ I) (VP do n't (VP care (SBAR-ADV if (S (NP-SBJ I) (ADVP-TMP ever) (VP win (NP a Cy Young)))))))) , '' (NP-SBJ he) (VP said (S *T*-1) , (PP in (NP (NP reference) (PP to (NP (NP baseball 's) best-pitcher award))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP the possibility) (PP of (NP (NP an (NP A 's) ring cycle) , (X a/k/a (NP a dynasty)) ,))) (VP was (NP-PRD (NP a major topic) (PP of (NP post-game discussion))) (NP-TMP Saturday) , (ADVP-MNR (ADVP so much so) (SBAR that (S (NP-SBJ-1 (NP Sandy Alderson) , (NP (NP the team 's) general manager) ,) (VP felt (VP obliged (S (NP-SBJ *-1) (VP to (VP dampen (NP it)))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ People) (VP change)) , (S (NP-SBJ teams) (VP change))) , '' (NP-SBJ he) (VP cautioned (S *T*-1)) .)) (TOP (S `` (NP-SBJ (NP It) (S *EXP*-2)) (VP 's (ADJP-PRD (ADJP easier) (SBAR *ICH*-1)) (S-2 (NP-SBJ *) (VP to (VP get (ADJP-PRD worse)))) (SBAR-1 than (FRAG (ADJP-PRD better))) (PP-LOC in (NP this game))) . '')) (TOP (S (NP-SBJ He) (VP might (VP have (VP added (NP (NP an interesting historical fact) : (S (NP-SBJ (NP The last Series sweep) , (PP by (NP the Cincinnati Reds)) ,) (VP came (PP-TMP in (NP (NP 1976) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP was (NP-PRD (NP the first year) (PP of (NP baseball player free agency)))))))))))))) .)) (TOP (S (S (NP-SBJ It) (VP was (VP (ADVP-MNR widely) predicted (SBAR that (S (NP-SBJ free agency) (VP would (VP allow (S (NP-SBJ the glamorous , `` big market '' teams) (VP to (VP monopolize (NP the best talent))))))))))) , but (S (S (NP-SBJ quite the opposite) (VP has (VP occurred))) : (S (NP-SBJ Twelve different clubs) (VP have (VP won (NP titles) (PP-TMP in (NP (NP the 14 seasons) (PP-TMP since (NP its advent)))))))) .)) (TOP (S (NP-SBJ The number) (VP includes (NP (NP such unstylish burgs) (PP as (PRN , (INTJ well) ,) (NP Oakland)))) .)) (TOP (S (S (NP-SBJ (NP The rationale) (PP for (S-NOM (NP-SBJ *) (VP responding (PP-CLR to (NP (NP your customers ') needs)) (ADVP-MNR (ADVP faster) (SBAR than (S (NP-SBJ the competition) (VP can (VP *?*))))))))) (VP is (ADJP-PRD clear))) : (S (NP-SBJ Your company) (VP will (VP benefit (PP in (NP (NP terms) (PP of (NP (NP market share) , (NP customer satisfaction) and (NP profitability)))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ managers) (NP-TMP today) (VP are (ADJP-PRD (ADVP probably more aware (PP of (NP (NP speed) (PP as (NP a competitive variable))))) (SBAR than (FRAG (ADVP-TMP ever) (PP-TMP before))))) .)) (TOP (S (ADVP However) , (PP for (NP many)) , (S-NOM-SBJ (NP-SBJ *) (VP managing (NP speed))) (VP does not (VP come (ADVP-MNR naturally))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ-2 (NP Most) (PP of (NP us))) (VP grew (PRT up) (S-ADV (NP-SBJ *-2) (VP believing (PP-CLR in (NP (NP the axioms) (NP ` (S (NP-SBJ Haste) (VP makes (NP waste))) ' and ` (S (NP-SBJ *) (VP Do n't (VP cut (NP corners))))) , ' (NP (NP ideas) (SBAR (WHNP-1 that) (S (NP-SBJ-4 *T*-1) (VP seem (S (NP-SBJ *-4) (VP to (VP run (ADVP-CLR counter (PP to (NP (NP the concept) (PP of (S-NOM (NP-SBJ *) (VP managing (NP speed)))))))))))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Dean Cassell) , (NP (NP vice president) (PP for (NP product integrity)) (PP-LOC at (NP Grumman Corp)))) .)) (TOP (S `` But (PP-LOC in (NP the real world)) , (NP-SBJ you) (VP learn (SBAR that (S (NP-SBJ speed and quality) (VP are not (NP-PRD a trade-off))))) .)) (TOP (S (NP-SBJ Speed) (VP is (NP-PRD (NP (NP a component) (PP of (NP quality))) -- (NP (NP one) (PP of (NP the things)) (SBAR (WHNP-1 0) (S (NP-SBJ-2 we) (VP must (VP deliver (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP satisfy (NP customers))))))))))) . '')) (TOP (S (NP-SBJ (NP Companies) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (ADVP actually) (VP market (NP speed) (PP-CLR as (NP (NP part) (PP of (NP their service)))))))) (VP train (S (NP-SBJ their managers) (VP to (VP (VP lead (NP *RNR*-1)) and (VP participate (PP-CLR in (NP *RNR*-1))) (NP-1 (NP teams) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP (VP increase (NP speed)) and (VP improve (NP quality)) (PP-LOC in (NP everyday operations)))))))))) .)) (TOP (S (NP-SBJ-1 Managers) (VP learn (S (NP-SBJ *-1) (VP to (VP (VP spot (NP opportunities (S (NP-SBJ *) (VP to (VP increase (NP customer satisfaction) (PP-MNR through (NP speed))))))) , and (VP shift (NP (NP some responsibility) (PP for (S-NOM (NP-SBJ *) (VP analyzing , improving and streamlining (NP work processes))))) (PP-CLR from (NP themselves)) (PP-CLR to (NP (NP teams) (PP of (NP employees))))))))) .)) (TOP (S (NP-SBJ (NP One team) (PP-LOC at (NP (NP the Federal Express Ground Operations station) (PP-LOC in (NP (NP Natick) , (NP Mass.) ,))))) (VP focused (PP-CLR on (NP (NP a (ADJP particularly time-sensitive) operation) : (NP the morning package sort)))) .)) (TOP (S (NP-TMP Every morning) , (NP-SBJ-1 tractor-trailer trucks) (VP arrive (PP-LOC-CLR at (NP the Natick Ground Station)) (PP-DIR from (NP (NP Boston 's) Logan Airport)) , (S-ADV (NP-SBJ *-1) (VP carrying (NP (NP the day 's) package load)))) .)) (TOP (S (PP-TMP In (NP peak periods)) (NP-SBJ that load) (VP may (VP include (NP 4,000 pieces))) .)) (TOP (S (NP-SBJ-1 The packages) (VP must (VP be (VP (VP sorted (NP *-1) (ADVP-MNR quickly)) and (VP distributed (NP *-1) (PP-CLR to (NP smaller vans)) (PP for (NP delivery))) , (SBAR-PRP so (S (NP-SBJ couriers) (VP can (VP be (PP-LOC-PRD on (NP the road)) (PP-TMP by (NP 8:35))))))))) .)) (TOP (S (S (NP-SBJ No customer) (VP is (ADJP-PRD present) (PP-LOC at (NP the morning package sort)))) , but (S (NP-SBJ the process) (VP is (ADVP nevertheless) (ADJP-PRD critical (PP to (NP customer satisfaction))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-2 We) (VP 're (VP committed (S (NP-SBJ *-2) (VP to (VP deliver (NP (NP the customer 's) package) (PP-TMP by (NP (NP a stated time) , (NP (ADVP usually) 10:30))))))))) , '' (VP notes (S *T*-3)) (NP-SBJ (NP Glenn Mortimer) , (NP (NP a Federal Express courier) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP led (NP the Natick team)))))) .)) (TOP (S `` (SBAR-ADV (X The sooner) (S (NP-SBJ our vans) (VP hit (NP the road) (NP-TMP each morning)))) , (X the easier) (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD *?*) (SBAR-1 for (S (NP-SBJ us) (VP to (VP fulfill (NP that obligation)))))) . '')) (TOP (S (S-ADV (NP-SBJ *-2) (VP Following (NP (NP a problem-solving formula) (VP used (NP *) (PP by (NP-LGS (NP teams) (PP-LOC throughout (NP Federal Express)))))))) , (NP-SBJ-2 (NP members) (PP of (NP the Natick team))) (VP monitored (NP their morning routine) , (S-ADV (NP-SBJ *-2) (VP (ADVP-MNR carefully) noting (SBAR (SBAR (WHADVP-3 where and when) (S (NP-SBJ-1 (NP the work group 's) resources) (VP were (VP used (NP *-1) (ADVP-MNR effectively) (ADVP-LOC-TMP *T*-3))))) and (SBAR (WHADVP-5 where) (S (NP-SBJ-4 they) (VP were (ADJP-PRD idle) , (S-ADV (NP-SBJ *-4) (VP waiting (SBAR-CLR for (S (NP-SBJ (NP others) (ADVP-LOC upstream (PP in (NP the process)))) (VP to (VP send (NP packages) (NP-ADV their way))))))) (ADVP-LOC *T*-5)))))))) .)) (TOP (S `` (NP-SBJ We) (VP suspected (SBAR 0 (S (NP-SBJ there) (VP was (NP-PRD (NP downtime) (VP built (NP *) (PP-CLR into (NP our process)))))))) .)) (TOP (S But (S-TPC-2 (NP-SBJ we) (VP did n't (VP know (SBAR (WHADVP-1 (ADVP just) where) (S (NP-SBJ it) (VP was (ADVP-LOC-PRD *T*-1)))) (SBAR-TMP until (S (NP-SBJ we) (VP completed (NP our data gathering))))))) , '' (NP-SBJ Mr. Mortimer) (VP says (S *T*-2)) .)) (TOP (S `` (NP-SBJ-1 We) (VP used (NP the data) (S-CLR (NP-SBJ *-1) (VP to (VP (VP redesign (NP our sorting system)) and (VP put (NP our resources) (SBAR-PUT (WHADVP-2 where) (S (NP-SBJ they) (VP could (VP do (NP the most good) (ADVP-LOC *T*-2)))))))))) . '')) (TOP (S (NP-SBJ The team) (ADVP even) (VP created (NP (NP a points system) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP identify (NP (NP those couriers and subgroups) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP were (VP doing (NP (NP the most) (SBAR-PRP (WHNP-4 0) (S (NP-SBJ *T*-4) (VP to (VP reduce (NP package-sort cycle time))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Winners) (PP of (NP the friendly competition))) (VP earn (NP (NP (NP a steak dinner) (PP *ICH*-1)) (ADVP out) (PP-1 with (NP their spouses)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Monitoring) (VP shows (SBAR that (S (NP-SBJ (NP the Natick team 's) new system) (ADVP really) (VP does (VP reduce (NP (NP cycle time) (PP for (NP the morning package sort))))))))) , '' (VP reports (S *T*-1)) (NP-SBJ (NP James Barksdale) , (NP (NP chief operating officer) (PP-LOC at (NP Federal Express)))) .)) (TOP (S `` (NP-SBJ The vans) (VP leave (ADVP-TMP (ADVP (NP (QP at least 15) minutes) earlier) (PRN , (PP on (NP average)) ,) (SBAR than (S (NP-SBJ-1 they) (VP used (S (NP-SBJ *-1) (VP to (VP *?*)))))))) .)) (TOP (S And (NP-SBJ service levels) (VP have (VP increased (PP-CLR to (NP (NP the point) (SBAR (WHADVP-1 where) (S (NP-SBJ they) (VP 're (ADVP-MNR consistently) (PP-PRD above (NP 99 %)) (ADVP-LOC *T*-1)))))))) . '')) (TOP (S (NP-SBJ-2 (NP A cross-functional team) (PP-LOC at (NP (NP (NP Union Carbide 's) (NAC-LOC Tonawanda , N.Y. ,) facility) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP produces (NP air-separation plants)))) ,))) (VP followed (NP a similar path) (S-PRP (NP-SBJ *-2) (VP to (VP reduce (NP manufacturing cycle time))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The team) (VP included (NP (NP (NP craftsmen) (PP from (NP the shop floor))) (CONJP as well as) (NP engineering , scheduling and purchasing personnel)))) , '' (VP reports (S *T*-1)) (NP-SBJ (NP Alan Westendorf) , (NP (NP director) (PP of (NP quality)))) .)) (TOP (S `` (ADVP-TMP First) , (NP-SBJ they) (VP produced (NP (NP a flowchart) (VP detailing (NP (NP the process) (SBAR (WHPP-1 by (WHNP which)) (S (NP-SBJ-2 an air-separation plant) (ADVP actually) (VP gets (VP built (NP *-2) (PP-MNR *T*-1))))))))) .)) (TOP (S Then (NP-SBJ they) (VP identified (NP (NP snags) (PP-LOC in (NP the process)))) . '')) (TOP (S (NP-SBJ The Tonawanda team) (VP (VP determined (SBAR that (S (NP-SBJ (NP holdups) (PP for (NP inspections))) (VP were (NP-PRD the main problem))))) and (VP identified (SBAR-NOM (SBAR (WHNP-1 (WHNP which kinds) (PP of (NP delays))) (S (NP-SBJ *T*-1) (VP involved (NP critical inspections)))) and (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP were (UCP-PRD (ADJP less critical) or (VP could (VP be (VP handled (NP *-3) (PP by (NP-LGS (NP workers) (PP-LOC (ADVP already) on (NP the line)))))))))))))) .)) (TOP (S (NP-SBJ The team) (ADVP-TMP then) (VP proposed (NP (NP modifications) (PP-LOC in (NP their work process))) (PP-CLR to (NP management))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The streamlined manufacturing process) (VP benefits (NP our customers) (PP-MNR in (NP (QP at least two) ways)))) , '' (NP-SBJ Mr. Westendorf) (VP concludes (S *T*-1)) .)) (TOP (S `` (ADVP-TMP First) , (NP-SBJ we) (VP have (NP (NP better quality assurance) (SBAR than (FRAG (ADVP-TMP ever)))) , (SBAR-PRP because (S (NP-SBJ (NP the people) (VP building (NP the product))) (VP have (VP taken (PRT on) (NP (NP more responsibility) (PP for (NP (NP the quality) (PP of (NP their own work)))))))))) .)) (TOP (S (ADVP-TMP Second) , (NP-SBJ we) (VP trimmed (NP (NP more) (PP than (NP a month))) (PP-CLR off (NP (NP the time) (VP required (NP *) (S-CLR (NP-SBJ *) (VP to (VP deliver (NP a finished product)))))))) . '')) (TOP (S (PP-LOC At (NP (NP Grumman 's) Aircraft Systems Division)) , (NP-SBJ a cross-functional team) (VP reduced (NP (NP the cycle time) (VP required (NP *) (S-CLR (NP-SBJ *) (VP to (VP produce (NP (NP a new business proposal) (PP for (NP an important government contract))))))))) .)) (TOP (S (NP-SBJ-1 The team) (VP was (VP composed (NP *-1) (PP-CLR of (NP (NP representatives) (PP from (NP (NP engineering) , (NP manufacturing) , (NP corporate estimating) , (NP flight test) , (NP material) , (NP quality control) , and (NP other departments))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 We) (VP needed (NP (NP contributions) (PP from (NP all these departments))) (S-PRP (NP-SBJ *-1) (VP to (VP generate (NP the proposal)))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Carl Anton) , (NP (NP configuration-data manager) (PP for (NP (NP Grumman 's) A-6 combat aircraft program)))) .)) (TOP (S `` But (PP instead of (S-NOM (NP-SBJ *-5) (VP gathering (NP their input) (ADVP-MNR piecemeal)))) , (NP-SBJ-5 we) (VP (VP formed (NP (NP the team) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP reached (NP (NP consensus) (PP on (NP the proposal objectives)))))))) and (VP produced (NP (NP a statement) (PP of (NP work)) (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP to (VP guide (NP (NP all the functions) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP were (VP involved (NP *-1))))))))))))) . '')) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Armed (NP *-2) (PP-CLR with (NP (NP this shared understanding) and (NP requisite background information))))) , (NP-SBJ-1 each department) (VP developed (NP (NP its specialized contribution) (PP to (NP the proposal))) , (S-ADV (NP-SBJ *-1) (VP submitting (NP data and cost estimates) (PP-TMP on (NP a closely managed schedule))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP cleared (PRT up) (NP questions and inconsistencies) (ADVP-MNR very quickly) , (SBAR-PRP because (S (NP-SBJ (NP the people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (NP (NP the skills and perspective) (VP required (NP *) (S-CLR (NP-SBJ *) (VP to (VP resolve (NP them)))))))))) (VP were (NP-PRD (NP part) (PP of (NP the task team)))))))) , '' (NP-SBJ Mr. Anton) (VP explains (S *T*-2)) .)) (TOP (S (NP-SBJ The team) (VP trimmed (NP (QP more than two) months) (PP-CLR from (NP (NP the cycle time) (VP (ADVP-TMP previously) required (NP *) (S-CLR (NP-SBJ *) (VP to (VP develop (NP comparable proposals)))))))) .)) (TOP (S `` (NP-SBJ The team) (VP eliminated (NP (NP the crisis mentality) (SBAR (WHNP-1 that) (S (NP-SBJ proposal deadlines) (VP can (VP generate (NP *T*-1))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The result) (VP was (NP-PRD a (ADJP more thoughtful , complete and competitive) proposal))) , '' (NP-SBJ Mr. Anton) (VP concludes (S *T*-1)) .)) (TOP (S (NP-SBJ (NP The successes) (VP achieved (NP *) (PP-LOC at (NP (NP Federal Express) , (NP Union Carbide) and (NP Grumman))))) (VP suggest (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP managing (NP speed))) (VP may (VP be (NP-PRD (NP an underutilized source) (PP of (NP competitive advantage)))))))) .)) (TOP (S (NP-SBJ (NP Managers) (PP-LOC in (NP all three companies))) (VP recognize (NP speed) (PP-CLR as (NP (NP (NP a component) (PP of (NP quality))) and (NP (NP a key) (PP to (NP customer satisfaction)))))) .)) (TOP (S (NP-SBJ They) (VP (ADVP-MNR effectively) lead (NP team efforts (S (NP-SBJ *) (VP to (VP reduce (NP cycle time)))))) .)) (TOP (S And (NP-SBJ they) (VP prepare (S (NP-SBJ all their people) (VP to (VP (VP increase (NP (NP the speed) (PP *RNR*-1))) and (VP improve (NP (NP the quality) (PP *RNR*-1))) (PP-1 of (NP their own work)))))) .)) (TOP (S (NP-SBJ Mr. Labovitz) (VP is (NP-PRD (NP president) (PP of (NP (NP ODI) , (NP (NP a consulting firm) (PP-LOC in (NP (NP Burlington) , (NP Mass)))))))) .)) (TOP (S (S (NP-SBJ (NP Home taping) (PP of (NP pre-recorded music))) (VP cuts (PP-CLR into (NP record industry revenues)))) , but (S (S-NOM-SBJ (NP-SBJ *) (VP banning (NP home taping))) (VP would (VP hurt (NP consumers) (ADVP-MNR even more)))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP the conclusion) (PP of (NP (NP an independent report) (VP prepared (NP *) (PP by (NP-LGS (NP the Office) (PP of (NP Technology Assessment)))) (PP at (NP (NP the request) (PP of (NP the House and Senate judiciary committees))))))))) .)) (TOP (S (NP-SBJ-2 The report) (VP is (S (NP-SBJ-1 *-2) (VP to (VP be (VP released (NP *-1) (NP-TMP today)))))) .)) (TOP (S (NP-SBJ The report) (VP says (SBAR 0 (S (NP-SBJ-1 (NP the availability) (PP of (NP (NP such advanced analog recording equipment) (PP as (NP cassette recorders))))) (VP does n't (VP seem (S (NP-SBJ *-1) (VP to (VP increase (NP (NP the quantity) (PP of (NP home copying))))))))))) .)) (TOP (S-1 (NP-SBJ That finding) (PRN , (S (NP-SBJ the report) (VP says (SBAR 0 (S *T*-1)))) ,) (VP casts (NP-CLR doubt) (PP-CLR on (NP (NP the record industry 's) contention (SBAR that (S (NP-SBJ (NP the new generation) (PP of (NP digital recording equipment))) (VP will (ADVP inevitably) (VP lead (PP-CLR to (NP (NP wholesale abuse) (PP of (NP copyrighted material)) (PP by (NP home tapers))))))))))) .)) (TOP (S (NP-SBJ (NP (NP The longstanding position) (PP of (NP (NP the Recording Industry Association) (PP of (NP America))))) , (NP (NP a trade group) (VP based (NP *) (PP-LOC-CLR in (NP (NP Washington) , (NP D.C.))))) ,) (VP is (SBAR-PRD that (S (NP-SBJ-2 (NP record companies) , (NP performers) , (NP songwriters) and (NP music publishers)) (VP need (S (NP-SBJ-1 *-2) (VP to (VP be (VP remunerated (NP *-1) (PP by (NP-LGS (NP government-imposed fees) (PP on (NP (NP the sale) (PP of (NP (NP blank tapes) and (NP recording equipment))))))))))) (S-PRP (NP-SBJ *) (VP to (VP make (PRT up) (PP for (NP (NP royalties) (VP lost (NP *) (PP-CLR to (NP home taping)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ it) (VP is (NP-PRD (NP a nail) (PP-LOC in (NP (NP the coffin) (PP-LOC in (NP any royalty tax proposal)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Gary Shapiro) , (NP (NP vice president) (PP for (NP (NP (UCP government and legal) affairs) (PP of (NP (NP the Electronic Industries Association) (PP-LOC in (NP Washington)))))))) .)) (TOP (S `` (SBAR-NOM-SBJ (WHNP-1 What) (S -LCB- (NP-SBJ the report) -RCB- (VP shows (NP *T*-1)))) (VP is (NP-PRD (NP (NP everything) (SBAR (WHNP-2 0) (S (NP-SBJ we) (VP 've (VP been (VP saying (NP *T*-2) (PP-TMP for (NP the past (QP eight or nine) years)))))))) (PRN -- (SBAR that (S (NP-SBJ audio taping) (VP is (NP-PRD (NP the best thing) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP happen (PP for (NP the recording industry))))))))))))) .)) (TOP (S (NP-SBJ (NP The people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP tape (NP-ADV the most))))) (VP buy (NP the most)) . '')) (TOP (S (NP-SBJ (NP Trish Heimers) , (NP (NP a spokesperson) (PP for (NP RIAA)))) (VP says (SBAR 0 (S (NP-SBJ her organization) (VP (VP has n't (VP received (NP (NP a copy) (PP of (NP the completed report))) (ADVP-TMP yet))) and (VP has (NP no immediate comment)))))) .)) (TOP (S (NP-SBJ (NP A recent agreement) (PP between (NP (NP the recording industry) and (NP electronics manufacturers)))) (VP requires (SBAR that (S (NP-SBJ (NP any digital audio tape (PRN , or DAT ,) recorder) (VP sold (NP *) (PP-LOC in (NP the U.S.)))) (VP have (NP (NP a built-in device) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP restricts (NP its ability (S (NP-SBJ *) (VP to (VP make (NP second copies) (PP-CLR from (NP (NP DAT tape copies) (PP of (NP digital compact disks)))))))))))))))) .)) (TOP (S But (NP-SBJ-2 (NP the disappointing sales) (PP of (NP DAT machines)) (ADVP-LOC here and abroad)) (ADVP-TMP so far) (VP have not (VP seemed (S (NP-SBJ *-2) (VP to (VP warrant (NP (NP the three years) (PP of (NP (NP legal wrangling) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP went (PP-DIR into (NP the agreement))))))))))))) .)) (TOP (S (PP-LOC Under (NP current copyright laws)) , (NP-SBJ-1 (NP it) (S *EXP*-3)) (VP is (VP considered (S (NP-SBJ *-1) `` (NP-PRD fair use) '') (S-3 (NP-SBJ *) (VP to (VP reproduce (NP copyrighted material) (PP (PP for (NP (NP one 's) personal use)) or (PP for (NP (NP use) (PP by (NP (NP one 's) family or friends)))))))) , (SBAR-ADV while (S (S-NOM-SBJ-2 (NP-SBJ *) (VP copying (PP-PRP for (NP (NP purposes) (PP of (NP resale or profit)))))) (VP is (VP prohibited (NP *-2))))))) .)) (TOP (S (NP-SBJ (NP (NP A survey) (VP contained (NP *) (PP-CLR in (NP the 291-page report)))) , `` (NP-TTL (NP Copyright and Home Copying) : (S (NP-SBJ Technology) (VP Challenges (NP the Law)))) , '') (VP found (SBAR that (S (NP-SBJ most people) (VP consider (S (NP-SBJ (NP home copying) (PP for (NP such personal use))) (NP-PRD (NP a `` right '') -- (NP (NP a right) , moreover , (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP was (VP exercised (NP *-1) (PP by (NP-LGS (NP 40 %) (PP of (NP (NP Americans) (PP over (NP (NP the age) (PP of (NP 10)))))))) (PP-TMP in (NP the past year))))))))))))) .)) (TOP (S (NP-SBJ The study) (VP says (SBAR that (S (NP-SBJ (NP the `` ambiguous legal status '') (PP of (NP home copying))) (VP makes (S (NP-SBJ (NP it) (S *EXP*-1)) `` (ADJP-PRD appropriate) (S-1 (NP-SBJ *) (VP to (VP examine (NP (NP the effects) (PP (PP on (NP consumers)) , (CONJP as well as) (PP on (NP industry)))))))))))) . '')) (TOP (S (NP-SBJ (NP Reports) (PP by (NP (NP the Office) (PP of (NP Technology Assessment))))) (VP (VP do n't (VP prescribe (NP any specific legislative action))) but (VP suggest (NP (NP a range) (PP of (NP (NP options) (SBAR (WHNP-1 that) (S (NP-SBJ Congress) (VP may (VP pursue (NP *T*-1)))))))))) .)) (TOP (S (NP-SBJ The study) (ADVP also) (VP (VP says (SBAR that (S (NP-SBJ (NP advent) (PP of (NP new communications technologies))) (VP makes `` (S (NP-SBJ (NP an explicit congressional definition) (PP of (NP (NP the legal status) (PP of (NP home copying))))) (ADJP-PRD more desirable) (SBAR-PRP (PP in (NP order)) (S (S (NP-SBJ *) (VP to (VP reduce (NP legal and market uncertainties)))) and (S (NP-SBJ *) (VP to (VP prevent (NP (NP de facto changes) (PP to (NP copyright law)) (PP through (NP technology))))))))))))) , '' and (VP says (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP finding (NP (NP an `` appropriate balance) (PP of (NP harms and benefits))))) (VP is (NP-PRD (NP a political decision) , not (NP a technical one))))))) .)) (TOP (S (NP-SBJ (NP Switzerland 's) (ADJP most famous) raider) (VP says (SBAR 0 (S (NP-SBJ he) (VP is n't (NP-PRD one))))) .)) (TOP (S (NP-SBJ Werner K. Rey) (VP believes (SBAR 0 (S (NP-SBJ-1 fortunes) (VP are (VP made (NP *-1) (PP-MNR by (S-NOM (NP-SBJ *) (VP being (ADJP-PRD friendly))))))))) .)) (TOP (S And (PP-TMP in (NP (NP little more) (PP than (NP (NP a decade) (PP of (S-NOM (NP-SBJ *) (VP (VP being (ADJP-PRD friendly)) (PRN -- and (PP-TMP at (NP the same time)) (VP rocking (NP the staid Swiss business community) (PP-CLR with (NP some U.S.-style wheeling and dealing))) --)))))))) (NP-SBJ the 46-year-old Mr. Rey) (VP has (VP grown (PP-CLR from (NP a modest banker)) (PP-CLR to (NP a billionaire)))) .)) (TOP (S (NP-SBJ-1 He) (VP achieved (NP this) (PP-MNR (PP in (NP part)) with (NP (NP an uncanny talent) (PP for (S-NOM (NP-SBJ *-1) (VP getting (NP-CLR his foot) (ADVP-MNR peacefully) (PP-CLR in (NP (NP the door) (PP of (NP established European companies)))))))))) .)) (TOP (NP (NP His latest coup) : (NP (NP (NP September 's) masterminding) (PP of (NP (NP the (ADJP (ADJP (QP five billion) Swiss-franc) (PRN -LRB- (ADJP (QP $ 3.07 billion) *U*) -RRB-)) merger) (PP between (NP (NP (NP Adia S.A.) , (NP (NP the world 's) second-largest temporary employment agency)) , and (NP (NP Inspectorate International S.A.) , (NP a Rey-controlled product-inspection company))))))) .)) (TOP (S (NP-SBJ Shareholders) (VP must (VP approve (NP the merger) (PP-LOC at (NP (NP general meetings) (PP of (NP the two companies)) (PP-TMP in (NP late November)))))) .)) (TOP (S But (NP-SBJ approval) (VP is (ADJP-PRD almost certain) (SBAR-PRP since (S (NP-SBJ (NP Mr. Rey) and (NP a friendly Adia management)) (VP are (PP-PRD in (NP control)))))) .)) (TOP (S (PP-TMP After (NP the transaction)) , (NP-SBJ Mr. Rey) (VP estimates (SBAR 0 (S (NP-SBJ (NP the value) (PP of (NP (NP his (ADJP 20 %) stake) (PP in (NP (NP the new company) , (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP held (NP *-1) (PP by (NP-LGS his Omni Holding AG))))))))))) ,) (VP will (VP be (NP-PRD (QP about 1 billion) Swiss francs)))))) .)) (TOP (S (NP-SBJ This) (VP will (VP be (NP-PRD (NP his return) (PP on (NP (NP an original investment) (PP of (PP between (NP (NP 50 million Swiss francs) and (NP 80 million Swiss francs))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Rey) (VP bought (NP (NP a controlling stake) (PP in (NP Inspectorate))) (PP-CLR for (NP 18 million Swiss francs)) (PP-TMP in (NP 1982)) , (S-ADV (NP-SBJ *-1) (VP building (PRT up) (NP the little-known engineering company) (PP-MNR with (NP (UCP European and U.S.) acquisitions))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-1 I) (VP like (S (NP-SBJ *-1) (VP to (VP succeed))))) , '' (VP says (S *T*-3)) (NP-SBJ Mr. Rey) (PP-TMP during (NP (NP a recent morning) (PP of (NP (S-NOM (NP-SBJ *) (VP working (PP-LOC at (NP home)))) , (SBAR (WHNP-2 which) (S (NP-SBJ he) (ADVP also) (VP likes (NP *T*-2)))))))) .)) (TOP (S (NP-SBJ Home) (VP is (NP-PRD (NP (NP an estate) (PP with (NP (NP green meadows) (VP opening (PP-CLR onto (NP Lake Geneva)))))) and (NP (NP a low-slung house) (SBAR (WHNP-1 whose rooms) (S (NP-SBJ *T*-1) (VP (VP overlook (NP the water)) and (VP offer (NP (NP a view) (PP of (NP the French Alps)))))))))) .)) (TOP (SINV (PP-PRD-LOC-TPC-1 In (NP (NP the corner) (PP of (NP his reception room)))) (VP is (PP-LOC-PRD *T*-1)) (NP-SBJ (NP a delicate antique desk) (VP piled (NP *) (ADVP-CLR high) (PP-CLR with (NP dossiers)))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD a small Renoir) (PP-LOC on (NP the wall))) .)) (TOP (S (NP-SBJ Zurich-based magazine Bilanz) (VP lists (NP-1 Mr. Rey) (PP-CLR as (S-NOM (NP-SBJ *-1) (VP having (NP (NP a fortune) (PP of (NP (QP about 1.5 billion) Swiss francs))))))) .)) (TOP (SINV (VP Writes (S *ICH*-1)) (NP-SBJ Bilanz) : `` (S-1 (NP-SBJ (NP No one) (PP-LOC in (NP Switzerland))) (ADVP-TMP ever) (VP came (ADVP-CLR so far) (ADVP-TMP so fast))) ...)) (TOP (S (NP-SBJ He) (VP was (ADVP simply) (NP-PRD (NP the first) (PP-LOC in (NP this country)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP realize (SBAR that (S (NP-SBJ-3 treasures) (VP were (ADVP just) (VP lying (ADVP-CLR around) (S-ADV (NP-SBJ-4 *-3) (VP waiting (S (NP-SBJ-1 *-4) (VP to (VP be (VP picked (NP *-1) (PRT up))))))))))))))))) .)) (TOP (S (PP In (ADJP short)) : (NP-SBJ Rey) (VP found (NP (NP companies) (PP with (NP (NP weak earnings) but (NP rich assets))))) . '')) (TOP (S (ADVP However) , (NP-SBJ (NP (NP the Swiss financial press) (PP in (ADJP general))) , (CONJP as well as) (NP many analysts) ,) (VP have (VP had (NP (NP a hard time) (S-NOM (NP-SBJ *) (VP making (PRT up) (NP their minds) (PP-CLR about (NP (NP Mr. Rey) and (NP his un-Swiss ways)))))))) .)) (TOP (S (PP For (NP (NP (NP Switzerland 's) (ADJP most prestigious) newspaper) , (NP Neue Zuercher Zeitung) ,)) (NP-SBJ-2 Mr. Rey) (VP seems (VP destined (S (NP-SBJ *-2) (VP to (VP remain (NP-PRD (NP the `` former Bally raider) , '' (NP (NP an image) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP proved (ADJP hard (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP overcome (NP *T*-3))))))))))))))))) .)) (TOP (S (PP-TMP In (NP 1976)) , (PP as (NP (NP an upstart) (PP-LOC in (NP (NP the eyes) (PP of (NP (NP Switzerland 's) establishment)))))) , (NP-SBJ Mr. Rey) (VP laid (NP (NP the foundations) (PP of (NP his present-day prominence))) (PP-CLR with (NP (NP an unheard-of raid) (PP on (NP (NP Bally) , (NP (NP the country 's) traditional shoemaker)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Sitting (PP-LOC-CLR beside (NP a banker)) (PP-LOC at (NP (NP a luncheon) (PP-LOC in (NP (NP London) , (SBAR (WHADVP-2 where) (S (NP-SBJ he) (VP was (VP working (PP-CLR as (NP a financial consultant)) (ADVP-LOC *T*-2))))))))))) , (NP-SBJ-1 he) (VP learned (SBAR that (S (NP-SBJ (NP a large packet) (PP of (NP (NP Bally 's) shares))) (VP was (PP-PRD up (PP for (NP sale))))))) .)) (TOP (S (S (S-ADV (NP-SBJ *-2) (VP Looking (PP-CLR into (NP Bally)))) , (NP-SBJ-2 he) (VP could (ADVP hardly) (VP believe (NP (SBAR-NOM (WHNP-1 what) (S (NP-SBJ he) (VP saw (NP *T*-1)))) : (NP (NP a company) (PP with (NP (NP (NP enormous real-estate holdings) (PP-LOC in (NP major European cities))) and (NP (NP a market capitalization) (PP of (NP (QP 28 million) Swiss francs)))))))))) ; (S (NP-SBJ it) (VP had (NP 7,000 employees))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Investing (NP (NP (NP (QP four million) Swiss francs) (VP earned (NP *) (PP-CLR from (NP his financial transactions)))) and (NP (NP (QP two million) Swiss francs) (PP from (NP (NP his parents) and (NP his wife))))))) , (NP-SBJ-1 Mr. Rey) (VP acquired (NP (NP 20 %) (PP of (NP (NP Bally 's) shares)))) .)) (TOP (S But (NP-SBJ such tactics) (VP (VP were (ADJP-PRD alien (PP to (NP Switzerland))) (PP-TMP in (NP 1976))) , and (VP (ADVP-TMP still) are n't (ADJP-PRD common) (PP-PRP because of (NP (NP share restrictions) (SBAR (WHNP-1 that) (S (NP-SBJ-2 companies) (VP are (VP allowed (S (NP-SBJ *-2) (VP to (VP maintain (NP *T*-1)))))))))))) .)) (TOP (S (ADVP-TMP Eventually) , (NP-SBJ-1 Mr. Rey) (VP was (VP forced (S (NP-SBJ *-1) (VP to (VP sell (NP his Bally shares) (PP-DTV to (NP the weapons maker Oerlikon-Buehrle Holding AG))))) (SBAR-TMP as (S (NP-SBJ (NP establishment pressure) (PP-LOC *ICH*-2)) (VP grew (PP-2 on (NP (NP this hostile move) (PP into (NP (NP the Swiss old boys ') network))))))))) .)) (TOP (S (NP-SBJ Mr. Rey) (VP made (NP (QP 50 million) Swiss francs) (PP on (NP the sale))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Bally) (VP was not (NP-PRD an unfriendly takeover))) , '' (NP-SBJ he) (VP insists (S *T*-1)) .)) (TOP (S (S-TPC-1 (S-NOM-SBJ (NP-SBJ *) (VP Buying (PP-CLR from (NP willing shareholders)))) (VP makes (S (NP-SBJ an unfriendly takeover) (ADJP-PRD impossible)))) , (NP-SBJ Mr. Rey) (VP contends (SBAR 0 (S *T*-1))) .)) (TOP (S `` (NP-SBJ I) (VP bought (PP-CLR from (NP willing shareholders))) . '')) (TOP (S (ADVP Nevertheless) , (NP-SBJ Mr. Rey) (VP has (VP been (ADJP-PRD very careful (PP-TMP since (NP then)) (S (NP-SBJ *) (VP to (VP make (ADJP sure (SBAR 0 (S (NP-SBJ his moves) (VP are (ADJP-PRD welcome))))))))))) .)) (TOP (S And (NP-SBJ-1 he) (VP has (VP worked (S-PRP (NP-SBJ *-1) (VP to (VP shed (NP his raider image)))))) .)) (TOP (S (PP-TMP In (NP 1979)) , (NP-SBJ (NP his career) (PP as (NP an industrialist))) (VP began (PP-CLR with (NP (NP the acquisition) (PP of (NP (NP the Swiss metals works Selve) , (VP based (NP *) (PP-LOC-CLR in (NP Thun)))))))) .)) (TOP (S (SBAR-ADV With (S (NP-SBJ-1 the nonferrous metals business) (VP undermined (NP *-1) (PP-LOC in (NP Switzerland)) (PP by (NP-LGS (NP tough foreign competition) and (NP high domestic costs)))))) , (NP-SBJ this) (VP looked (PP-CLR like (NP a dull undertaking))) .)) (TOP (S (S But (NP-SBJ Mr. Rey) (VP brought (PRT about) (NP (NP a merger) (PP-TMP in (NP the next few years)) (PP between (NP (NP the country 's) major producers))))) ; (S (NP-SBJ the increased efficiency) (VP has (VP perked (PRT up) (NP the industry)))) .)) (TOP (S (ADVP-TMP (NP Three years) later) , (NP-SBJ-1 machinery producer Ateliers de Constructions Mecaniques de Vevey S.A.) (VP was (S (NP-SBJ *-1) (VP to (VP become (NP-PRD (NP part) (PP of (NP the Rey empire))))))) .)) (TOP (S (ADVP-TMP Once again) (NP-SBJ (NP the company 's) future) (VP looked (ADJP-PRD (ADJP less) (PP than (ADJP rosy)))) .)) (TOP (S But (PP-TMP after (NP (NP restructuring) (PP-LOC under (NP new management)))) , (NP-SBJ the profits) (VP began (VP rolling (ADVP-DIR in))) .)) (TOP (S (NP-SBJ (NP A major boost) (PP to (NP (NP (NP Mr. Rey 's) respectability) (PP-LOC among (NP the Swiss))))) (VP came (PP-TMP in (NP 1986)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP sold (NP (NP 60 %) (PP of (NP his Phibro Bank))) (PP-CLR to (NP the conservative Swiss cantonal banks)) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ-1 They) (VP (VP renamed (S (NP-SBJ it) (NP-PRD Swiss Cantobank))) and (VP are (VP using (NP it) (S-CLR (NP-SBJ *-1) (VP to (VP expand (ADVP-LOC abroad))))))) .)) (TOP (S (PP-TMP In (NP 1987)) , (NP-SBJ-1 Mr. Rey) (VP bested (NP leading publishing houses) (S-PRP (NP-SBJ *-1) (VP to (VP take (PRT over) (NP (NP (NP Switzerland 's) Jean Frey AG) , (NP (NP a major producer) (PP of (NP magazines and newspapers)))))))) .)) (TOP (S And (PP with (NP (NP the recent acquisition) (PP of (NP (NP 30 %) (PP of (NP Winterthur-based machinery manufacturer Gebrueder Sulzer AG)))))) , (NP-SBJ Mr. Rey) (VP has (VP enjoyed (NP (NP the status) (PP of (NP white knight))))) .)) (TOP (S (NP-SBJ Sulzer) (VP preferred (NP him) (PP-CLR to (NP (NP financier Tito Tettamanti) , (SBAR (WHNP-1 (WHNP whose secretive raid) (PP on (NP (NP the company 's) stock))) (S (NP-SBJ *T*-1) (VP had (VP led (PP-CLR to (NP a bitter battle))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (SBAR-TMP as (S (NP-SBJ such strategic investments) (VP have (VP mounted)))) , (NP-SBJ (NP the merchant-banking arm) (PP of (NP (NP Mr. Rey 's) Omni Holding))) (VP has (VP been (VP (ADVP-MNR busily) buying and selling (NP (NP dozens) (PP of (NP companies))) , (PP-TMP (ADVP often) after (NP a financial or corporate restructuring))))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ (NP this branch) (PP of (NP (NP Mr. Rey 's) empire))) (VP (VP runs (PP-LOC under (NP the name Omnicorp Offering Services))) and (VP handles (NP (NP mergers and acquisitions) , (NP (NP placement) (PP of (NP securities))) and (NP real estate)))) .)) (TOP (SINV (PP-TPC-2 In (NP its portfolio)) (VP are (PP-PRD *T*-2)) (NP-SBJ (NP such diverse companies) (PP as (NP (NP (ADJP United Kingdom-based) Air Europe) ; (NP (NP Checkrobot Inc.) , (NP (NP a U.S. company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (NP supermarket checkout machines)))))) ; (NP (NP Norment Industries) , (NP (NP a U.S. manufacturer) (PP of (NP securities systems)))) ; (NP (NP Com Systems Inc.) , (NP a U.S. regional telephone company)) ; and (NP (NP major real-estate projects) (PP-LOC in (NP (NP the U.S.) and (NP Europe))))))) .)) (TOP (S (PP For (NP-1 financial analysts)) , (S-NOM-SBJ (NP-SBJ *-1) (VP reading (NP (NP Omni 's) accounts))) (VP is (NP-PRD a tough challenge)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Companies) (VP move (ADVP-DIR in and out))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Helga Kern) (PP of (NP KK Swiss Investment))) .)) (TOP (S (NP-SBJ Financial analysts) (VP note (SBAR that (S (NP-SBJ-1 Mr. Rey) (VP is (VP attracted (NP *-1) (PP-CLR to (NP (NP companies) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP are (VP undervalued (NP *-2) (PP-PRP on (NP (NP the basis) (PP of (NP their real-estate interests))))))))))))))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ Omni) (VP (ADVP-MNR unexpectedly) bought (NP (NP (NP Inspectorate 's) 80 % stake) (PP in (NP (NP (NP Harpener AG) (PP of (NP West Germany))) , (NP a land-rich company))))) .)) (TOP (S (S (NP-SBJ (NP The internal transaction) (PP-LOC within (NP the Rey empire))) (VP puzzled (NP (NP Harpener 's) small shareholders))) , but (S (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP makes (NP sense) (SBAR-1 for (S (NP-SBJ Inspectorate-Adia) (VP to (VP focus (PP-CLR on (NP (NP its main businesses) (PP of (NP (NP product inspection) and (NP temporary help)))))))))))))) .)) (TOP (S (NP-SBJ Mr. Rey) (VP says (SBAR 0 (S (NP-SBJ the move) (VP is (NP-PRD (NP (ADJP yet another) example) (PP of (NP his conservatism))))))) .)) (TOP (S (NP-SBJ He) (VP explains (SBAR that (S (NP-SBJ (NP companies) (PP with (NP real estate))) (VP give `` (NP security))))) . '')) (TOP (S-2 (NP-SBJ-1 The real estate) (VP can (VP be (VP used (NP *-1) (PRN , (S (NP-SBJ he) (VP points (PRT out) (SBAR 0 (S *T*-2)))) ,) (PP-CLR as (NP (NP guarantees) (PP for (NP (NP bank loans) (PP for (NP corporate development))))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP wants (S (NP-SBJ *-1) (VP to (VP `` influence '' but not `` manage '' (NP companies)))))))) .)) (TOP (S `` (NP-SBJ-1 I) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP be (PP-PRD like (NP (NP -LCB- financier Alan -RCB- Bond) and (NP the other Australians)))))))) .)) (TOP (S (NP-SBJ I) (VP do n't (VP want (S (NP-SBJ-1 companies) (VP to (VP be (VP built (NP *-1) (PP-CLR around (NP (NP me) (PP as (NP a person)))))))))) .)) (TOP (S (NP-SBJ I) (VP want (S (NP-SBJ them) (VP to (VP stand (ADVP-MNR alone))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Ultimate Corp.) (VP signed (NP (NP a letter) (PP of (NP intent (S (NP-SBJ *) (VP to (VP market (NP Hewlett-Packard Co. minicomputers))))))))) , (NP-SBJ the companies) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ Ultimate) (VP expects (S (NP-SBJ the (ADJP 3 1) agreement) (VP to (VP generate (NP (NP (QP $ 100 million) *U*) (PP in (NP sales)))))))) , but (S (NP-SBJ it) (VP would n't (VP estimate (NP profit)))) .)) (TOP (S (PP-LOC Under (NP (NP terms) (PP of (NP the pact)))) , (NP-SBJ (NP Ultimate) , (NP a computer-systems concern) ,) (VP will (VP market (NP (NP the full line) (PP of (NP HP 9000 series 800 multipleuser minicomputers))))) .)) (TOP (S (NP-SBJ-1 Hewlett-Packard) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Palo Alto) , (NP Calif))))) .)) (TOP (S (PP-LOC In (NP (NP the second step) (PP of (NP (NP a reorganization) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP began (NP-TMP earlier this year)))))))) , (NP-SBJ Boeing Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP create (NP (NP a Defense and Space Group) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP consolidate (NP several divisions))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP Boeing officials) and (NP (NP representatives) (PP of (NP the Machinists union)))) (VP met (ADVP-MNR separately) (NP-TMP last night) (PP-CLR with (NP a federal mediator)) (PP-LOC in (NP an attempt (S (NP-SBJ *) (VP to (VP break (NP (NP the month-old strike) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP shut (NP (NP the aerospace giant 's) assembly lines) (PP-TMP at (NP (NP a time) (SBAR (WHADVP-2 when) (S (NP-SBJ it) (VP has (NP (NP an (ADJP (QP $ 80 billion) *U*) backlog) (PP of (NP jetliner orders))) (ADVP-TMP *T*-2))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The two sides) (VP were (VP scheduled (S (NP-SBJ *-1) (VP to (VP meet (PP-CLR with (NP the mediator)) (NP-TMP this morning)))))) .)) (TOP (S (NP-SBJ Machinists) (ADVP-TMP already) (VP have (VP rejected (NP (NP a package) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP provide (NP (NP a (ADJP 10 %) pay raise) plus (NP bonuses)) (PP-TMP over (NP (NP the three-year life) (PP of (NP the contract))))))))))) .)) (TOP (S (S (NP-SBJ Boeing) (VP has (VP said (ADVP-TMP repeatedly) (SBAR 0 (S (NP-SBJ it) (VP wo n't (VP expand (NP its offer)))))))) and (S (NP-SBJ the machinists) (VP have (VP responded (SBAR that (S (NP-SBJ the offer) (VP is n't (ADJP-PRD good enough))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP the resolve) (PP of (NP (NP some) (PP of (NP the striking 57,000 machinists))))) (VP might (VP be (VP weakening))) .)) (TOP (S (NP-SBJ (QP About 1,000) strikers) (VP signed (NP-1 petitions) (NP-TMP last week) (S-ADV (NP-SBJ *-1) (VP calling (SBAR-CLR for (S (NP-SBJ (NP Boeing) and (NP Machinists representatives)) (VP to (VP schedule (NP new meetings)))))))) .)) (TOP (S (NP-SBJ The two sides) (VP had n't (VP met (PP-TMP since (NP Oct. 18)))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP Boeing 's) commercial business) (VP is (ADJP-PRD booming)))) , (NP-SBJ its military business) (VP is (VP feeling (NP-PRD (NP the effects) (PP of (NP a declining defense budget))) (PP-TMP after (NP (NP a strong buildup) (PP-TMP during (NP the Reagan presidency)))))) .)) (TOP (S (S (PP-TMP In (NP May)) , (NP-SBJ the company) (VP consolidated (NP its Aerospace and Electronics groups))) ; (S (NP-SBJ the new Defense and Space Group) (VP will (VP contain (NP (NP (NP (NP the Aerospace and Electronics division) and (NP Advanced Systems)) , (NP (NP both) (VP based (NP *) (PP-LOC-CLR in (NP the Seattle area))))) ; (NP (NP Boeing Helicopters) (PP-LOC in (NP Philadelphia))) ; (NP (NP Boeing Military Airplanes) (PP-LOC in (NP (NP Wichita) , (NP Kan.)))) , and (NP (NP ArgoSystems) (PP-LOC in (NP (NP Sunnyvale) , (NP Calif)))))))) .)) (TOP (S (NP-SBJ (NP B. Dan Pinick) , (NP (NP president) (PP of (NP Boeing Aerospace and Electronics))) ,) (VP will (VP become (NP-PRD (NP president) (PP of (NP (NP the new group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP become (ADJP-PRD operational) (NP-TMP Jan. 2)))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Boeing) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP also) (VP will (VP reorganize (NP (NP all its work) (PP-LOC in (NP Wichita))) (PP-CLR into (NP military and commercial divisions))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP All) (PP of (NP the changes))) (VP will (VP (VP reduce (NP its overhead)) and (VP streamline (NP operations))))) , (NP-SBJ Boeing) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Analysts) (VP agreed) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD (NP a further step) (PP to (NP (NP better returns) (PP-LOC in (NP the hemorrhaging defense business))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Steven Binder) , (NP (NP an analyst) (PP with (NP (NP Bear , Stearns & Co.) (PP-LOC in (NP New York)))))) .)) (TOP (S `` (NP-SBJ-1 They) (VP had (S (NP-SBJ *-1) (VP to (VP do (NP it))))) . '')) (TOP (S (NP-SBJ (NP Howard Rubel) , (NP (NP an analyst) (PP with (NP (NP C.J. Lawrence , Morgan Grenfell Inc.) (PP-LOC in (NP New York))))) ,) (VP said (SBAR 0 (S (NP-SBJ the shift) (VP reflects (NP (NP Boeing confidence) (PP in (NP (NP Mr. Pinick) , (VP described (NP *) (PP by (NP-LGS Mr. Rubel)) (PP-CLR as (NP (NP an expert) (PP on (S-NOM (NP-SBJ *) (VP doing (NP-CLR business) (PP-CLR with (NP the military))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP His side) (PP of (NP the business))) (VP has (VP been (ADJP-PRD successful) (PP-LOC in (NP a tough environment))))) , '' (NP-SBJ Mr. Rubel) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP A two-day meeting) (PP of (NP (NP representatives) (PP of (NP (NP Cocom) , (NP (NP the 17-nation group) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP oversees (NP (NP exports) (PP of (NP sensitive goods)) (PP to (NP communist countries))))))) ,))))) (VP did n't (VP take (NP (NP any substantive decisions) (PP on (S-NOM (NP-SBJ *) (VP trimming (NP (NP the list) (PP of (NP (NP items) (PP-LOC under (NP controls))))))))))) .)) (TOP (SINV Nor did (NP-SBJ it) (VP ease (NP (NP restrictions) (PP on (NP (NP exports) (PP to (NP Poland and Hungary))))) , (PP according (PP to (NP (NP U.S. officials) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP attended (NP the talks)))))))) .)) (TOP (S (NP-SBJ The U.S.) (VP had (VP been (PP-PRD under (NP (NP pressure (S *ICH*-2)) (PP from (NP (NP several Cocom members) , (ADVP especially) (NP (NP France) , (NP West Germany) and (NP Italy)) ,)) (S-2 (NP-SBJ *) (VP to (VP ease (NP (NP restrictions) (PP on (NP (NP some types) (PP of (NP (NP machine tools) , (SBAR (WHNP-1 which) (S (NP-SBJ those countries) (VP argued (SBAR 0 (S (NP-SBJ *T*-1) (VP were (ADVP-TMP now) (ADJP-PRD widely available (PP to (NP East Bloc countries)) (PP from (NP non-Cocom members))))))))))))))))))))) .)) (TOP (S (PP-TMP For (NP several years)) (NP-SBJ some European countries) (VP have (VP complained (SBAR that (S (NP-SBJ outdated Cocom lists and restrictions) (VP served (ADVP-CLR (ADVP more) (SBAR *ICH*-1)) (S-CLR (NP-SBJ *) (VP to (VP hamper (NP their trade)))) (SBAR-1 than (S (NP-SBJ *) (VP to (VP add (PP-CLR to (NP Western security))))))))))) .)) (TOP (S (NP-SBJ Some countries) (ADVP also) (VP have (VP been (VP pressing (PP-CLR for (NP (NP special treatment) (PP for (NP Hungary and Poland)))) (SBAR-TMP as (S (NP-SBJ they) (VP move (PP-DIR toward (NP more democratic rule))))) , (SBAR just as (S (NP-SBJ-1 (NP special treatment) (PP *ICH*-2)) (VP had (VP been (VP agreed (PRT on) (NP *-1) (PP-2 for (NP China)))))))))) .)) (TOP (S But (NP-SBJ U.S. officials) (VP said (SBAR 0 (S (NP-SBJ (NP representatives) (PP-LOC at (NP the meeting))) (VP decided (SBAR that (S (NP-SBJ this) (VP was `` (NP-PRD (NP a matter) (PP for (NP (NP further discussion) (PP-LOC at (NP future meetings)))))))))))) . '')) (TOP (S (NP-SBJ They) (VP added (SBAR that `` (S (S (NP-SBJ (NP all) (PP of (NP (NP us) (PRN -LRB- (NP Cocom members) -RRB-)))) (VP look (PP-CLR at (NP (NP the changes) (PP-LOC in (NP Hungary and Poland)))) (PP-MNR in (NP a positive way)))) , but (S (NP-SBJ (NP a question) (PP of (NP this scope))) (VP deserves (NP further discussion and study)))))) . '')) (TOP (S (NP-SBJ The officials) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 the meeting) (VP agreed (S (NP-SBJ-2 *-1) (VP (VP to (VP continue (S (NP-SBJ *-2) (VP treating (NP China) (PP-CLR as (NP a special case)))) , (PP despite (NP (NP the recent repression) (PP of (NP dissent)) (ADVP-LOC there))))) , but (VP to (VP offer (NP no further concessions))))))))) .)) (TOP (S (NP-SBJ The U.S. officials) (VP said (SBAR that (S (PP despite (NP (NP the rapid changes) (PP under (NP way)) (PP-LOC in (NP (NP Eastern Europe) and (NP the Soviet Union))))) , (NP-SBJ all the Cocom members) (VP agreed (PP-CLR on `` (NP (NP the continuing need) (PP for (NP (NP this organization) , '' (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP founded (NP *-1) (ADVP-TMP (NP 40 years) ago) (PP-TMP at (NP (NP the start) (PP of (NP the Cold War)))))))))))))))) .)) (TOP (S (NP-SBJ The officials) (VP said (SBAR 0 (S (NP-SBJ-3 the meeting) (VP agreed (S (NP-SBJ-2 *-3) (VP (VP to (VP continue (S (NP-SBJ-4 *-2) (VP working (PP-CLR toward (S-NOM (NP-SBJ *-4) (VP `` streamlining '' (NP (NP Cocom 's) restricted products list)))))))) , and (VP to (VP improve (NP (NP procedures) (PP for (S-NOM (NP-SBJ *) (VP punishing (NP (NP companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do n't (VP comply (PP-CLR with (NP the export restrictions))))))))))))))))))) .)) (TOP (S (NP-SBJ The officials) (VP said (SBAR (SBAR 0 (S (NP-SBJ this meeting) (VP `` put (PP-PUT in (NP motion)) '' (NP (NP procedural steps) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP speed (PRT up) (NP (NP both) (PP of (NP these functions))))))))))) , but (SBAR that (S (NP-SBJ-1 (NP no specific decisions) (PP *ICH*-3)) (VP were (VP taken (NP *-1) (PP-3 on (NP either matter)))))))) .)) (TOP (S (NP-SBJ (NP (NP Unisys Corp. 's) announcement) (NP-TMP Friday) (PP of (NP (NP a (ADJP $ 648.2 million *U*) loss) (PP for (NP the third quarter))))) (VP showed (SBAR that (S (NP-SBJ-1 the company) (VP is (VP moving (ADVP-MNR (ADVP even faster) (SBAR than (S (NP-SBJ *) (VP expected)))) (S-CLR (NP-SBJ *-1) (VP to (VP (VP take (NP-CLR write-offs) (PP-CLR on (NP its various problems))) and (VP prepare (PP-CLR for (NP (NP a turnaround) (NP-TMP next year)))))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ (NP (NP the sheer size) (PP of (NP the loss))) , (VP coupled (NP *) (PP-CLR with (NP (NP a slowing) (PP of (NP orders))))) ,) (VP made (S (NP-SBJ some securities analysts) (VP wonder (SBAR (WHADJP-1 just how strong) (S (NP-SBJ that turnaround) (VP will (VP be (ADJP-PRD *T*-1) (PP-LOC at (NP the computer maker and defense-electronics concern))))))))) .)) (TOP (S `` (NP-SBJ-1 Unisys) (VP is (VP getting (VP clobbered (NP *-1)))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-3 *) (VP (ADVP Just) clobbered (NP *-3))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Ulric Weil) , (NP (NP an analyst) (PP-LOC at (NP Weil & Associates)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (ADVP-TMP once) (VP been (ADJP-PRD high (PP on (NP the company))))))))) .)) (TOP (S `` (S (NP-SBJ The quarter) (VP was (ADJP-PRD terrible))) , and (S (NP-SBJ the future) (VP looks (ADJP-PRD anything but encouraging))) . '')) (TOP (S (NP-SBJ (NP Unisys) , (SBAR (WHNP-1 whose revenue) (S (NP-SBJ *T*-1) (VP inched (ADVP-DIR up) (NP-EXT 3.7 %) (PP-TMP in (NP the quarter)) (PP-DIR to (NP (QP $ 2.35 billion) *U*)) (PP-DIR from (NP (QP $ 2.27 billion) *U*) (PP-TMP in (NP the year-earlier quarter)))))) ,) (VP had (NP (NP an operating loss) (PP of (NP (QP about $ 30 million) *U*)))) .)) (TOP (S (PP On (NP (NP top) (PP of (NP that)))) , (NP-SBJ the (NAC-LOC Blue Bell , Pa. ,) concern) (VP took (NP (NP a (ADJP (QP $ 230 million) *U*) charge) (ADJP related (PP to (NP (NP the layoffs) (PP of (NP 8,000 employees))))))) .)) (TOP (S (NP-SBJ That) (VP is (PP-PRD at (NP (NP the high end) (PP of (NP (NP the range) (PP of (NP (NP (QP 7,000 to 8,000) employees) (SBAR (WHNP-2 that) (S (NP-SBJ Unisys) (VP said (ADVP-TMP (NP a month) ago) (SBAR 0 (S (NP-SBJ-1 *T*-2) (VP would (VP be (VP laid (NP *-1) (PRT off)))))))))))))))) .)) (TOP (S (NP-SBJ Unisys) (VP said (SBAR 0 (S (NP-SBJ that) (VP should (VP help (S (NP-SBJ it) (VP save (NP (NP (NP (QP $ 500 million) *U*) (NP-ADV a year)) (PP in (NP costs)) , (PP-LOC (ADVP again) at (NP (NP the high end) (PP of (NP (NP the (ADVP previously reported) range) (PP of (NP (QP $ 400 million to $ 500 million) *U*)))))))))))))) .)) (TOP (S (NP-SBJ-1 The company) (ADVP also) (VP took (NP (NP a write-off) (PP of (NP (QP $ 150 million) *U*))) (S-PRP (NP-SBJ *-1) (VP to (VP cover (NP (NP losses) (PP-LOC on (NP some fixed-price defense contracts)))))) , (SBAR-TMP as (S (NP-SBJ some new managers) (VP took (NP (NP a hard look) (PP at (NP (NP the prospects) (PP for (NP that slow-growing business))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 Unisys) (VP set (PRT up) (NP (NP an unspecified reserve) (PRN -- (ADVP apparently) (NP (QP $ 60 million to $ 70 million) *U*) --)) (S-PRP (NP-SBJ *-1) (VP to (VP cover (NP (NP the minimum amount) (SBAR (WHNP-3 0) (S (NP-SBJ-2 it) (VP will (VP have (S (NP-SBJ *-2) (VP to (VP pay (NP the government) (NP *T*-3) (PP-PRP because of (NP (NP its involvement) (PP in (NP the defense-procurement scandal)))))))))))))))) .)) (TOP (S (NP-SBJ Unisys) (ADVP also) (VP noted (SBAR that (S (NP-SBJ it) (VP paid (NP (NP (QP $ 78.8 million) *U*) (PP in (NP taxes))) (PP-TMP during (NP the quarter)) , (SBAR-ADV even though (S (NP-SBJ tax payments) (ADVP normally) (VP would (VP be (ADJP-PRD minimal) (PP-TMP in (NP (NP a quarter) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP produced (NP such a big loss)))))))))))))) .)) (TOP (S (NP-SBJ The tax payments) (VP will (VP leave (NP Unisys) (PP-CLR with (NP (NP (QP $ 225 million) *U*) (PP in (NP (NP loss carry-forwards) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP cut (NP tax payments) (PP-TMP in (NP future quarters)))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Unisys) (VP said (SBAR 0 (S (NP-SBJ it) (VP reduced (NP computer inventories) (NP-EXT a further (QP $ 100 million) *U*) (PP-TMP during (NP the quarter)) , (S-ADV (NP-SBJ *) (VP leaving (S (NP-SBJ it) (PP-PRD-LOC within (NP (NP (QP $ 100 million) *U*) (PP of (NP (NP its goal) (PP of (NP (NP a reduction) (PP of (NP (QP $ 500 million) *U*)) (PP-TMP by (NP (NP the end) (PP of (NP the year))))))))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ Unisys) (VP said (SBAR 0 (S (NP-SBJ its European business) (VP was (ADJP-PRD weak) (PP-TMP during (NP the quarter)) , (NP-ADV (NP a worrisome sign) (PP given (SBAR that (S (NP-SBJ-1 the company) (VP has (VP relied (PP-CLR on (NP (NP solid results) (ADVP-LOC overseas))) (S-PRP (NP-SBJ *-1) (VP to (VP overcome (NP (NP weakness) (PP-LOC in (NP the U.S.)))))) (PP-TMP over (NP the past several quarters)))))))))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP reported (NP (NP slower growth) (PP-LOC in (NP (NP another important business) : (NP (NP systems) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP use (NP the Unix operating system))))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP be (NP-PRD a huge problem) (SBAR-ADV if (S (NP-SBJ-3 it) (VP were (S (NP-SBJ *-3) (VP to (VP continue)))))) , (SBAR-PRP because (S (NP-SBJ Unisys) (VP is (VP betting (NP its business) (PP-CLR on (NP the assumption (SBAR that (S (NP-SBJ-4 customers) (VP want (S (NP-SBJ-5 *-4) (VP to (VP move (UCP-DIR (ADVP-DIR away (PP from (S-NOM (NP-SBJ *-5) (VP using (NP (NP operating systems) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP run (PP-LOC on (NP (NP only one manufacturer 's) equipment)))))))))) and (PP-DIR toward (NP (NP (NP systems) (PRN -- (NP (ADVP mainly) Unix) --)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP work (PP-LOC on (NP (NP almost anyone 's) machines)))))))))))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Unisys) (VP must (VP deal (PP-CLR with (NP its (ADJP increasingly oppressive) debt load)))) .)) (TOP (S (NP-SBJ Debt) (VP has (VP risen (PP-DIR to (NP (NP (QP around $ 4 billion) *U*) , or (NP (NP (QP about 50) %) (PP of (NP total capitalization))))))) .)) (TOP (S (NP-SBJ That) (VP means (SBAR 0 (S (NP-SBJ Unisys) (VP must (VP pay (NP (NP (QP about $ 100 million) *U*) (PP in (NP interest))) (NP-TMP every quarter) , (PP on (NP (NP top) (PP of (NP (NP (QP $ 27 million) *U*) (PP in (NP (NP dividends) (PP on (NP preferred stock))))))))))))) .)) (TOP (S (NP-SBJ (NP Jim Unruh) , (NP (NP Unisys 's) president) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP is (VP approaching (NP next year) (PP-MNR with (NP caution))))))) .)) (TOP (S (NP-SBJ He) (VP (VP said (SBAR 0 (S (NP-SBJ (NP the strength) (PP of (NP the world-wide economy))) (VP is (ADJP-PRD suspect))))) , and (VP does n't (VP see (NP (NP much revenue growth) (PP-LOC in (NP the cards)))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP said (SBAR that (S (NP-SBJ (NP the price wars) (VP flaring (ADVP-CLR up) (PP-LOC in (NP (NP parts) (PP of (NP the computer industry)))))) (VP will (VP continue (PP-TMP through (NP next year))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP the move) (PP toward (NP standard operating systems))) (VP means (SBAR 0 (S (NP-SBJ-1 customers) (VP (VP are n't (VP locked (NP-2 *-1) (PP-CLR into (S-NOM (NP-SBJ *-2) (VP buying (PP-CLR from (NP their traditional computer supplier))))))) and (VP can (VP force (S (NP-SBJ prices) (ADVP-PRD down))))))))))) .)) (TOP (S-2 (S (NP-SBJ That) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) (VP is (SBAR-PRP-PRD (WHADVP-1 why) (S (NP-SBJ Unisys) (VP is (VP overhauling (NP its whole business) (ADVP-PRP *T*-1))))))) : (S (NP-SBJ-3 It) (VP needs (S (NP-SBJ *-3) (VP to (VP prepare (PP-CLR for (NP (NP a world) (SBAR (WHPP-4 in (WHNP which)) (S (NP-SBJ profit margins) (VP will (VP be (ADJP-PRD (ADJP lower) (SBAR than (S (NP-SBJ-5 computer companies) (VP have (VP been (VP used (S (NP-SBJ *-5) (VP to (VP *?*))))))))) (PP-LOC *T*-4)))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP 've (VP approached (NP this) (PP-CLR not (PP as (NP (NP a response) (PP to (NP (NP a temporary condition) (PP-LOC in (NP the industry)))))) but (PP as (NP (NP a fundamental change) (SBAR (WHNP-1 0) (S (NP-SBJ the industry) (VP is (VP going (PP-CLR through (NP *T*-1)))))))))))) , '' (NP-SBJ Mr. Unruh) (VP said (S *T*-2)) .)) (TOP (S `` (S (NP-SBJ-1 The information-systems industry) (VP is (ADVP-TMP still) (VP going (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a high-growth business))))))) , and (S (NP-SBJ we) (VP 're (ADJP-PRD confident (SBAR that (S (NP-SBJ (NP we) (PP *ICH*-2)) (VP have (NP tremendous assets) (PP-2 as (NP a company)))))))) .)) (TOP (S But (NP-SBJ we) (VP do n't (VP minimize (NP (NP the challenges) (PP of (NP the near term))))) . '')) (TOP (S (NP-SBJ-1 Securities analysts) (VP were (ADJP-PRD even more cautious) , (S-ADV (NP-SBJ-2 *-1) (VP having (VP been (VP burned (NP *-2) (ADVP-TMP repeatedly) (PP-CLR on (NP Unisys)) (NP-TMP this year)))))) .)) (TOP (S (NP-SBJ Some) (VP had (VP predicted (NP (NP (NP earnings) (PP of (NP (NP (QP more than $ 4) *U*) (NP-ADV a share))))) (PP for (NP this year)) , (ADVP up (PP from (NP (NP (NP last year 's) (ADJP fully diluted) $ 3.27 *U*) (NP-ADV a share) (PP on (NP (NP earnings) (PP of (NP (QP $ 680.6 million) *U*))))))))) .)) (TOP (S But (NP-SBJ the company) (VP said (NP-TMP Friday) (SBAR that (S (NP-SBJ it) (VP had (NP (NP losses) (PP of (NP (QP $ 673.3 million) *U*))) (PP-TMP through (NP the first nine months)) , (PP compared (PP with (NP (NP earnings) (NP-TMP a year earlier) (PP of (NP (NP (QP $ 382.2 million) *U*) , or (NP (NP $ 2.22 *U*) (NP-ADV a share) (ADJP fully diluted))))))) , (SBAR-ADV as (S (NP-SBJ revenue) (VP inched (ADVP-DIR up) (NP-EXT 1.4 %) (PP-DIR to (NP (QP $ 7.13 billion) *U*)) (PP-DIR from (NP (QP $ 7.03 billion) *U*))))))))) .)) (TOP (S And (NP-SBJ-1 Unisys) (VP is (VP expected (S (NP-SBJ-2 *-1) (VP to (VP do (ADVP-MNR (ADVP little better) (SBAR than (S (NP-SBJ *-2) (VP break (ADVP-CLR even) (PP-TMP in (NP the fourth quarter))))))))))) .)) (TOP (S So (NP-SBJ (NP Steve Milunovich) (PP-LOC at (NP First Boston))) (VP said (SBAR 0 (S (NP-SBJ he) (VP is (VP cutting (NP (NP his earnings estimate) (PP for (NP next year))) (PP-DIR to (NP (NP $ 2 *U*) (NP-ADV a share))) (PP-DIR from (NP $ 3 *U*))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP was (VP feeling (SBAR-CLR like (S (NP-SBJ-2 I) (VP was (ADJP-PRD too high) (S-TMP (NP-SBJ *-2) (VP to (VP begin (ADVP-CLR with)))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Mr. Weil) (PP of (NP Weil & Associates))) (VP (VP said (SBAR 0 (S (NP-SBJ he) (VP will (VP remain (PP-LOC-PRD at (NP (NP $ 1 *U*) (NP-ADV a share))) (PP-TMP for (NP next year))))))) but (VP said (SBAR 0 (S (NP-SBJ he) (VP wonders (SBAR whether (S (NP-SBJ even that low target) (VP is (PP-PRD at (NP risk)))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ (NP The break-even point) (PP for (NP next year))) (VP is (ADJP-PRD much lower))) , but (SQ is (NP-SBJ it) (ADJP-PRD low enough) ?)) '' (NP-SBJ he) (VP asked (S *T*-1)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Reflecting (NP the concern))) , (NP-SBJ-1 Unisys stock) (VP fell (NP-EXT a further 75 cents) (PP-DIR to (NP $ 16.25 *U*)) (PP-LOC in (NP composite trading)) (NP-TMP Friday) (PP-LOC on (NP the New York Stock Exchange))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 a TV weatherman) (VP gets (NP butterflies) (S-ADV (NP-SBJ *-1) (VP facing (NP the camera) (ADVP-TMP again) (PP-TMP after (NP a questionable forecast))))))) , (NP-SBJ Donald H. Straszheim) (ADVP surely) (VP understands) .)) (TOP (S (NP-SBJ (NP The chief economist) (PP of (NP Merrill Lynch & Co.))) (VP finds (S (NP-SBJ himself) (PP-LOC-PRD in (NP such a position))) (SBAR-TMP as (S (NP-SBJ he) (VP buzzes (NP the Midwest) (PP on (NP (NP his first road trip) (PP-TMP since (S-NOM (NP-SBJ *) (VP backpedaling (PP-CLR on (NP a major prediction))))))))))) .)) (TOP (S (S (NP-SBJ Mr. Straszheim) (VP expects (SBAR 0 (S (NP-SBJ he) (VP will (VP take (NP some heat))))))) , and (S (NP-SBJ he) (VP 's (ADJP-PRD right))) .)) (TOP (S (PP-TMP Since (NP (NP the last time) (SBAR (WHADVP-1 0) (S (NP-SBJ he) (VP traveled (NP this way) (ADVP-TMP *T*-1) (ADVP-TMP (NP several months) ago)))))) , (NP-SBJ he) (VP has (VP recanted (NP (NP a series) (PP of (NP (NP bold forecasts) (PP of (NP a recession))))))) .)) (TOP (S (PP-TMP In (NP February 1988)) , (PP for (NP example)) , (NP-SBJ (NP Merrill Lynch 's) weekly commentary) (VP announced (SBAR that `` (S (NP-SBJ-1 the economy) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP fall (PP-CLR into (NP recession)) (PP-TMP in (NP early 1989)))))))))) . '')) (TOP (S (S (NP-SBJ The forecasts) (VP were (VP (ADVP-MNR widely) disseminated))) , and , (S (PP in (NP (NP a splashy ad campaign) (VP launched (NP *) (PP-TMP in (NP (NP the summer) (PP of (NP 1988))))))) , (NP-SBJ Merrill Lynch) (VP urged (NP-1 investors) (S (NP-SBJ *-1) (VP to (VP buy (NP bonds)))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ (NP long-term interest rates) , (PP-LOC (ADVP then) above (NP 9 %))) , (VP could (VP drop (PP-DIR to (NP 7 %)) (PP-TMP by (NP (NP the end) (PP of (NP 1989)))) , (SBAR-ADV so (S (NP-SBJ (NP bonds) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP benefit (PP-CLR from (NP falling rates))))) ,) (VP would (VP be (NP-PRD a good buy)))))))))) .)) (TOP (S (NP-SBJ The firm) (ADVP also) (VP raised (NP (NP the percentage) (PP of (NP bonds)) (PP-LOC in (NP its model portfolio))) (PP-CLR from (NP 40 %)) (PP-CLR (PP to (NP 45 %)) and (PP (ADVP-TMP later) to (NP 55 %)))) .)) (TOP (S But (NP-TMP this September) (PRN -- (SBAR-TMP (WHADVP-3 just when) (S (NP-SBJ many market economists) , (PP including (NP (NP some) (PP-LOC at (NP Merrill Lynch)))) , (VP believed (SBAR that (S (NP-SBJ-2 Mr. Straszheim) (VP was (VP about (S (NP-SBJ-1 *-2) (VP to (VP be (VP proved (S (NP-SBJ *-1) (ADJP-PRD right)))))))))) (ADVP-TMP *T*-3)))) --) (NP-SBJ he) (VP took (NP (NP a detour) (CONJP if not) (NP a U-turn))) .)) (TOP (S (NP-SBJ He) (VP softened (NP (NP the talk) (PP about (NP a recession)))) .)) (TOP (S (ADVP-TMP Now) , (PP in (NP fact)) , (NP-SBJ he) (VP is (VP predicting (NP (NP (NP economic growth) (PP of (NP (NP (NP 2.9 %) (NP-TMP this year)) and (NP (NP 2.1 %) (NP-TMP next year))))) , (NP (NP a (ADJP more optimistic) outlook) (PP than (NP (NP the consensus) (PP of (NP (NP (QP some four dozen) top forecasters) (VP surveyed (NP *) (PP by (NP-LGS Blue Chip Economic Indicators newsletter))))))))))) .)) (TOP (S And , (ADVP-TMP just recently) , (NP-SBJ Merrill Lynch) (VP cut (NP the recommended bondholdings) (ADVP-CLR back (PP to (NP 50 %)))) .)) (TOP (S (S (SBAR-ADV While (S (NP-SBJ such changes) (VP might (VP sound (ADJP-PRD minor))))) , (NP-SBJ they) (VP are n't (ADJP-PRD *?*))) : (S (NP-SBJ Merrill Lynch) (VP manages or oversees (NP (NP (QP some $ 300 billion) *U*) (PP in (NP (NP retail accounts) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP include (NP (NP everything) (PP (PP from (NP mutual funds)) (PP to (NP individual annuities)))))))))))) .)) (TOP (S (NP-SBJ (NP Two well-known colleagues) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP believe (SBAR 0 (S (NP-SBJ Mr. Straszheim) (VP was (ADJP-PRD right) (NP-TMP the first time)))))))) (VP are (NP-PRD (NP (NP David Bostian Jr.) and (NP A. Gary Shilling)) , (SBAR (WHNP-2 (NP both) (WHPP of (WHNP whom))) (S (NP-SBJ *T*-2) (VP run (NP their own New York research firms)))))) .)) (TOP (S (NP-SBJ Mr. Bostian) (VP said (PP-TMP in (NP August)) (SBAR that (S (NP-SBJ his macroeconomic index) (VP signaled (NP recession))))) .)) (TOP (S (NP-SBJ (NP Mr. Shilling) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP Merrill Lynch 's) chief economist) (PP-TMP (PP from (NP 1967)) (PP to (NP 1971)))))) ,) (VP has (VP heralded (NP a recession) (PP-TMP for (NP months)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ My own personal opinion) (VP is (SBAR-PRD that (S (NP-SBJ Don) (VP threw (PP-CLR in (NP the towel)) (PP-TMP (ADVP just) about (NP (NP the time) (SBAR (WHADVP-2 0) (S (NP-SBJ he) (VP should (VP have (VP doubled (NP his bet) (ADVP-TMP *T*-2))))))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ (NP a rocky stock market) and (NP weak corporate profits)) (VP may (ADVP further) (VP threaten (NP the economy))) .)) (TOP (S And (NP-SBJ Mr. Straszheim) (VP conceded (PP-TMP after (NP (NP a recent drop) (PP-LOC in (NP manufacturing jobs)))) (SBAR that `` (S (NP-SBJ-2 (NP it) (SBAR *EXP*-3)) (VP may (VP prove (S (NP-SBJ *-2) (VP to (VP be (NP-PRD the case)))) (SBAR-3 (SBAR that (S (NP-SBJ-1 we) (VP got (VP whipsawed (NP *-1))))) -- (SBAR that (S (NP-SBJ we) (VP pulled (NP the recession forecast) (PP-TMP at (NP just the wrong time))))))))))) . '')) (TOP (S (NP-SBJ He) (VP adds , `` (S (NP-SBJ That) (VP 's (NP-PRD the forecasting business)))) . '')) (TOP (S (SBAR-ADV (WHADJP-1 However risky) (S (NP-SBJ the business) (ADJP-PRD *T*-1))) , (NP-SBJ it) (VP 's (ADJP-PRD brisk) (NP-TMP these days)) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP (VP Pestered (NP *-1) (PP by (NP-LGS (NP bosses) , (NP brokers) , (NP clients) and (NP media people)))) and (VP pushed (NP *-1) (PP by (NP-LGS their own egos))))) , (NP-SBJ-2 Wall Street economists) (VP are (VP forecasting (PP-CLR about (NP (NP everything) (PP (PP from (NP broad economic trends)) (PP to (NP the dinkiest monthly indicator))))))) .)) (TOP (S But (NP-SBJ the (ADJP surprisingly durable) seven-year economic expansion) (VP has (VP made (NP-CLR mincemeat) (PP-CLR of (NP (QP more than one) forecast)))) .)) (TOP (S (NP-SBJ This) (VP is n't (NP-PRD (NP the quiet economic science) (VP practiced (NP *) (PP-LOC in (NP the universities))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD the commercial version)) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Carrying (NP the new message) (PP-LOC on (NP the road)))) , (NP-SBJ-2 Mr. Straszheim) (VP meets (NP (NP confrontation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP often) (VP occurs (PP-MNR in (NP (NP inverse proportion) (PP to (NP (NP the size) (PP of (NP the client))))))))))) .)) (TOP (S (NP-SBJ No sophisticated professional) (VP expects (S (NP-SBJ economists) (VP to (VP be (ADJP-PRD right) (NP-TMP all the time))))) .)) (TOP (S (NP-SBJ-1 Some smaller clients) (VP do n't (VP seem (S (NP-SBJ *-1) (VP to (VP notice (NP his switch)))))) .)) (TOP (S But (PP with (NP some clients)) , (NP-SBJ the talk) (VP can (VP heat (PRT up) (NP-ADV a bit))) .)) (TOP (S (NP-SBJ-1 (NP Dennis O'Brien) , (NP (NP the treasurer) (PP of (NP (NP Commonwealth Edison Co.) (PP-LOC in (NP Chicago))))) ,) (VP adopts (NP a polite approach) , (S-ADV (NP-SBJ *-1) (VP waiting (PP-CLR for (NP an opportunity (S (NP-SBJ *) (VP to (VP ask (PP-CLR about (NP the forecast)))))))))) .)) (TOP (S (NP-TMP (NP A good half-hour) (PP into (NP (NP breakfast) (PP-LOC at (NP the Palmer House))))) , (NP-SBJ Mr. O'Brien) (VP looks (PRT up) (PP-CLR from (NP his plate)) (SBAR-TMP after (S (NP-SBJ Mr. Straszheim) (VP says (NP (NP something) (PP about (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP believe (SBAR 0 (S (NP-SBJ-2 interest rates) (VP are (VP about (S (NP-SBJ *-2) (VP to (VP nosedive))))))))))))))))) .)) (TOP (S `` (NP-SBJ I) (VP 'm (NP-PRD (NP one) (PP of (NP (NP them) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP hope (SBAR 0 (S (NP-SBJ they) (VP will (VP *?*))))))) , (PP with (NP (NP (QP $ 6 billion) *U*) (PP in (NP debt)) (PP-LOC on (NP the books)))))))) .)) (TOP (S (SQ-TPC-1 Is (NP-SBJ that) (NP-PRD the forecast) ?) '' (NP-SBJ-2 Mr. O'Brien) (VP asks (SQ *T*-1) , (S-ADV (NP-SBJ-3 *-2) (VP trying (S (NP-SBJ *-3) (VP to (VP pin (PRT down) (NP the economist))))))) .)) (TOP (S (NP-SBJ He) (VP does n't (VP (ADVP-MNR fully) succeed , (SBAR-ADV although (S (NP-SBJ Mr. Straszheim) (VP lists (NP (NP an array) (PP of (NP interest-rate scenarios)))))))) .)) (TOP (S (PP-LOC In (NP (NP a chilly conference room) (PP-LOC at (NP (NP Alliance Capital Management) (PP-LOC in (NP Minneapolis)))))) , (PP in (NP contrast)) , (NP-SBJ-1 (NP the firm 's) money managers) (VP seem (ADJP-PRD ready (S (NP-SBJ *-1) (VP to (VP pin (NP Mr. Straszheim) (PP-CLR to (NP the wall))))))) .)) (TOP (S (S (NP-SBJ (NP Alfred Harrison) , (NP the manager) ,) (VP shoves (NP (NP Mr. Straszheim 's) handout) (ADVP-CLR back) (PP-CLR at (NP him)))) : `` (SQ Do (NP-SBJ-1 we) (VP want (S (NP-SBJ *-1) (VP to (VP go (PP-CLR through (NP this)))))) ?))) (TOP (SQ Or can (NP-SBJ we) (VP ask (NP you) (SBAR (WHADVP-2 why) (S (NP-SBJ you) (VP changed (NP your forecast) (SBAR-TMP (WHADVP just when) (S (NP-SBJ-1 it) (VP 's (VP about (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD right)))))))) (ADVP-PRP *T*-2))))) ? '')) (TOP (S (S-ADV (NP-SBJ *-1) (VP Swiveling (PP-LOC in (NP his chair)))) , (NP-SBJ-1 Mr. Straszheim) (VP replies (SBAR that (S (NP-SBJ-2 the new outlook) , (SBAR-ADV though (S (NP-SBJ *-2) (ADJP-PRD (ADVP-TMP still) weak))) , (VP does n't (VP justify (S (NP-SBJ *) (VP calling (NP a recession) (ADVP-TMP right now)))))))) . ``)) (TOP (S (NP-SBJ It) (VP 's (PP-PRD all in (NP (NP this handout) (SBAR (WHNP-2 0) (S (NP-SBJ-1 you) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP look (PP-CLR at (NP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ We) (VP could (ADVP-TMP still) (VP have (NP a recession) '' (PP-TMP at (NP some point)))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP Mr. Straszheim 's) recurring themes))) (VP is (SBAR-PRD that (S (NP-SBJ (NP the state) (PP of (NP the economy))) (VP is n't (NP-PRD a simple black or white))))) .)) (TOP (S (ADVP-TMP Sometimes) , (PP like (ADVP-TMP now)) , (NP-SBJ it) (VP 's (ADJP-PRD gray)) .)) (TOP (S (NP-SBJ This somewhat-ambiguous assessment) (VP moves (S (NP-SBJ one Alliance portfolio manager) (VP to (VP ask : `` (SBARQ So , (WHNP-1 what) (SQ (NP-SBJ *T*-1) (VP is (NP-PRD this) -- (FRAG (NP a Stealth recession))))))))) ? '')) (TOP (S (NP-SBJ Another) (VP challenges (NP (NP (NP Merrill Lynch 's) bond recommendation) (NP-TMP last year))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP 're not (VP running (NP that ad campaign) (ADVP-TMP any more)))) , '' (NP-SBJ Mr. Straszheim) (VP snaps (S *T*-1) (PP-LOC in (NP (NP a rare show) (PP of (NP irritation))))) .)) (TOP (S (NP-SBJ He) (VP adds , `` (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ it) (VP was (NP-PRD a (ADJP fairly decent) call))))))) . '')) (TOP (S (S-ADV (NP-SBJ *-2) (VP Explaining (NP (NP his change) (PP of (NP mind))))) , (NP-SBJ-2 Mr. Straszheim) (VP says (ADVP-TMP later) , `` (S (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP pin (NP this) (PP-CLR on (NP one factor)))))))) . '')) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (S (NP-SBJ (NP the economy) , and (NP (ADVP especially) the employment numbers) ,) (VP look (ADJP-PRD (ADJP much better) (SBAR than (S (NP-SBJ he) (VP expected (S *?*))))))) ; (S (NP-SBJ interest rates) (VP have (ADVP generally) (VP declined))) ; (S (NP-SBJ inflation) (VP has n't (VP run (ADVP-CLR amok))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Our business) (VP is (ADVP-TMP constantly) (VP looking (PP-CLR at (NP all these things))))) , '' (NP-SBJ he) (VP says (S-TPC *T*-1)) .)) (TOP (S (NP-SBJ His new forecast) (VP calls (PP-CLR for `` (NP (NP a soft landing)))) . '')) (TOP (S And (NP-SBJ it) (VP may (VP be (ADJP-PRD right) , (S-ADV (NP-SBJ *) (VP judging (PP-CLR from (NP (NP last week 's) report (SBAR that (S (NP-SBJ inflation-adjusted gross national product) (VP rose (PP-MNR at (NP a (ADJP 2.5 %) annual rate)) (PP-TMP in (NP the third quarter))))))))))) .)) (TOP (S (NP-SBJ Mr. Shilling) (VP understands (NP (NP Mr. Straszheim 's) problems)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD (NP unbelievable pressure (S *ICH*-2)) (PP on (NP economists)) (S-2 (NP-SBJ *) (VP to (VP forecast (NP these numbers))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) . ``)) (TOP (S (S (NP-SBJ You) (VP make (NP a forecast))) , and then (S (NP-SBJ you) (VP become (NP-PRD its prisoner))) . '')) (TOP (S (S (NP-SBJ (NP It) (S *EXP*-2)) (VP is (ADVP indeed) (ADJP-PRD hard) (S-2 (NP-SBJ *) (VP to (VP back (ADVP-DIR away (PP from (NP a (ADJP widely publicized) forecast)))))))) , and (S (NP-SBJ Mr. Straszheim) (VP is (VP fidgeting (PP-CLR with (NP the handcuffs)) (PP-LOC on (NP this trip))))) .)) (TOP (S (NP-SBJ (NP His approach) (PP to (NP the recantation))) (VP is (ADJP-PRD direct but low-key)) .)) (TOP (S `` (PP-TMP For (NP some time)) , (NP-SBJ we) (VP had (VP forecast (NP negative (ADJP third - and fourth-quarter) growth))) .)) (TOP (S (S-TPC-1 (NP-SBJ We) (VP pulled (NP that forecast))) , '' (NP-SBJ he) (VP begins (ADVP matter-of-factly) (S *T*-1) (PP-LOC in (NP (NP a meeting) (PP with (NP Piper , Jaffray & Hopwood Inc. officials)) (PP-LOC in (NP (NP Minneapolis) , (NP the first stop)))))) .)) (TOP (S (NP-SBJ Crane Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP holds (NP (NP an (ADJP 8.9 %) stake) (PP in (NP (NP Milton Roy Corp.) , (NP an analytical-instruments maker))))) , and (VP may (VP seek (NP (NP control) (PP of (NP the company))))))))) .)) (TOP (S (NP-SBJ (NP Crane) , (NP (NP a maker) (PP of (NP (NP engineered products) (PP for (NP (NP aerospace) , (NP construction) , (NP defense) and (NP other uses)))))) ,) (VP made (NP the disclosure) (PP-LOC in (NP a Securities and Exchange Commission filing))) .)) (TOP (S (PP-LOC In (NP the filing)) , (NP-SBJ Crane) (VP said (SBAR (SBAR that (S (PP-TMP in (NP the past)) (NP-SBJ-3 it) (VP considered (S (NP-SBJ *-3) (VP seeking (NP (NP control) (PP of (NP (NP Milton Roy) , (PP of (NP (NP St. Petersburg) , (NP-LOC Fla.))) ,))) (PP-CLR through (NP a merger or tender offer))))))) and (SBAR that (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ-2 *-1) (VP to (VP continue (S (NP-SBJ *-2) (VP to (VP evaluate (NP an acquisition) (PP-TMP (PP from (NP time)) (PP to (NP time)))))))))))))) .)) (TOP (S (NP-SBJ Crane officials) (VP did n't (VP return (NP (NP phone calls) (VP seeking (NP comment))))) .)) (TOP (S (NP-SBJ Crane) (VP holds (NP (NP 504,200 Milton Roy shares) , (PP including (NP (NP 254,200) (VP bought (NP *) (PP-TMP (PP from (NP Sept. 14)) (PP to (NP Thursday))) (PP-CLR for (NP (NP (QP $ 15.50 to $ 16.75) *U*) (NP-ADV each)))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP Friday) , (NP-SBJ Milton Roy shares) (VP leaped (NP-EXT $ 2 *U*) , (PP-DIR to (NP (NP $ 18.375 *U*) (NP-ADV each))) , (SBAR-ADV while (S (NP-SBJ Crane) (VP sank (NP-EXT $ 1.125 *U*) , (PP-DIR to (NP (NP $ 21.125 *U*) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ (NP John M. McNamara) , (NP (NP chief financial officer) (PP of (NP Milton Roy))) ,) (VP said (SBAR 0 (S (NP-SBJ the company) (VP has (NP (NP no comment) (PP on (NP (NP Crane 's) filing))))))) .)) (TOP (S (NP-SBJ Milton Roy) (ADVP-TMP recently) (VP fended (PRT off) (NP (NP unsolicited overtures) (PP from (NP (NP Thermo Electron Corp.) , (NP (NP a (NAC-LOC Waltham , Mass. ,) maker) (PP of (NP biomedical products))))))) .)) (TOP (S (NP-SBJ Milton Roy) (VP disclosed (PP-TMP in (NP May)) (SBAR that (S (NP-SBJ-1 it) (VP was (VP approached (NP *-1) (PP-PRP for (NP (NP a possible acquisition) (PP by (NP (NP Thermo Electron) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP agreed (S (NP-SBJ *-3) (VP to (VP purchase (NP (NP Milton Roy 's) liquid-chromatography line) (PP-CLR for (NP $ 22 million *U*))))) (PP-TMP in (NP February)))))))))))))) .)) (TOP (S (NP-SBJ-1 Thermo Electron) (VP acquired (NP (NP (QP some 6) %) (PP of (NP (NP Milton Roy 's) common stock))) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP (VP throwing (PRT in) (NP the towel)) and (VP reducing (NP its stake)) (PP-TMP in (NP early September)))))) .)) (TOP (S (NP-SBJ-1 Gabelli Group) (VP (VP began (S (NP-SBJ *-1) (VP raising (NP its Milton Roy stake) (PP-TMP in (NP July))))) , and (VP holds (NP 14.6 %)) , (PP according (PP to (NP a recent SEC filing)))) .)) (TOP (S (NP-SBJ It) (VP has n't (VP made (NP merger overtures) (PP-CLR to (NP the board)))) .)) (TOP (S (NP-TMP Earlier this month) , (NP-SBJ Milton Roy) (VP signed (NP (NP a letter) (PP of (NP intent (S (NP-SBJ *) (VP to (VP acquire (NP (NP (NP Automated Custom Systems Inc.) , (NP-LOC (NP Orange) , (NP Calif.)) ,) and (NP (NP its sister operation) , (NP Environmental Testing Co.) , (PP-LOC in (NP (NP Aurora) , (NP Colo)))))))))))) .)) (TOP (S (NP-SBJ The companies) (VP are (NP-PRD automotive-emissions-testing concerns)) .)) (TOP (S (PP-LOC Under (NP the terms)) , (NP-SBJ Milton Roy) (VP will (VP pay (NP (NP (NP an initial (QP $ 4 million) *U*) (PP for (NP the operations))) and (NP (NP (NP additional payments) (PP-TMP during (NP the next four years))) (VP based (NP *) (PP-CLR on (NP (NP the earnings performance) (PP of (NP the businesses))))))))) .)) (TOP (S (PP-TMP In (NP the nine months)) , (NP-SBJ Milton Roy) (VP earned (NP (NP (QP $ 6.6 million) *U*) , or (NP (NP $ 1.18 *U*) (NP-ADV a share)) ,) (PP on (NP (NP sales) (PP of (NP (QP $ 94.3 million) *U*))))) .)) (TOP (S (NP-TMP Last week) (NP-SBJ the British) (VP displayed (NP unusual political immaturity)) .)) (TOP (S (NP-SBJ (NP (NP The Chancellor) (PP of (NP the Exchequer))) , (NP Nigel Lawson) ,) (VP resigned (SBAR-PRP because (S (NP-SBJ Prime Minister Thatcher) (VP would not (VP fire (NP her trusted adviser Sir Alan Walters)))))) .)) (TOP (S (NP-SBJ (NP The opposition Labor Party leader) , (NP Neil Kinnock) ,) (PP-LOC in (NP (NP a display) (PP of (NP (NP the male chauvinism) (ADJP typical (PP of (NP the British lower class))))))) , (VP denounced (NP-2 Mrs. Thatcher) (PP-CLR for (S-NOM (NP-SBJ-1 *-2) (VP (VP having (NP an independent mind)) and (VP refusing (S (NP-SBJ *-1) (VP to (VP heed (NP (NP the men) (PP-LOC in (NP her Cabinet))))))))))) .)) (TOP (S (NP-SBJ-2 The British press) , (S-ADV (NP-SBJ *-2) (VP making (NP a mountain) (PP-CLR out (PP of (NP a molehill))))) , (VP precipitated (NP an unnecessary economic crisis) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP portraying (NP Mrs. Thatcher) (PP-CLR as (NP (NP an autocrat) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP had (VP thrown (NP economic policy) (PP-CLR into (NP confusion)) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP driving (NP a respected figure) (PP-CLR from (NP her government))))))))))))))) .)) (TOP (SINV (PP-LOC-TPC-1 Behind (NP the silly posturing)) (VP lies (PP-LOC *T*-1)) (NP-SBJ a real dispute) .)) (TOP (S (NP-SBJ (NP Mr. Lawson) and (NP his European-minded colleagues)) (VP want (S (NP-SBJ the British pound) (VP (ADVP-MNR formally) tied (PP-CLR to (NP the (ADJP West German) mark))))) .)) (TOP (S (NP-SBJ Sir Alan) (VP considers (S (NP-SBJ this) (NP-PRD an (ADJP ill-advised and costly) policy))) .)) (TOP (S (SBAR-PRP As (S (NP-SBJ there) (VP is (NP-PRD an effort (S (NP-SBJ *) (VP to (VP `` anchor (NP the dollar) '' (PP-CLR either to (NP (NP gold) or (NP other currencies)))))))))) , (NP-SBJ-1 the dispute) (VP is (ADJP-PRD worth (S (NP-SBJ *) (VP examining (NP *-1))))) .)) (TOP (S (PP-TMP Until (NP his resignation)) , (NP-SBJ-2 Mr. Lawson) (VP had (VP been (S-PRD (NP-SBJ *-2) (VP conducting (NP British monetary policy) (SBAR-MNR as if (S (NP-SBJ-1 the pound) (VP were (VP tied (NP *-1) (PP-CLR to (NP the mark)))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Mrs. Thatcher) (VP cut (NP the top tax rate) (PP-CLR to (NP 40 %)) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 Mr. Lawson) (VP flooded (NP the country) (PP-CLR with (NP money)) (S-PRP (NP-SBJ *-2) (VP to (VP prevent (NP-3 the pound) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP rising (PP against (NP the mark))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ he) (VP reignited (NP (NP the inflation) (SBAR (WHNP-1 that) (S (NP-SBJ Mrs. Thatcher) , (PP-MNR through (NP a (ADJP long and costly) effort)) , (VP had (VP subdued (NP *T*-1))))))) .)) (TOP (S (PP With (S-NOM (NP-SBJ inflation) (VP surging))) , (NP-SBJ-1 the pound) (VP began (S (NP-SBJ *-1) (VP falling (PP against (NP the mark))))) .)) (TOP (S (S-PRP (NP-SBJ *-2) (VP To (VP keep (S (NP-SBJ-1 the exchange rate) (VP pegged (NP *-1)))))) , (NP-SBJ-2 Mr. Lawson) (VP (VP tightened (NP monetary policy)) and (VP pushed (NP interest rates) (ADVP-CLR up) (PP-DIR to (NP 15 %)))) .)) (TOP (S (NP-SBJ-2 This) (VP doubled (NP (NP the mortgage interest rates) (PP of (NP (NP the many new homeowners) (SBAR (WHNP-1 that) (S (NP-SBJ (NP Mrs. Thatcher 's) policies) (VP had (VP created (NP *T*-1)))))))) , (S-ADV (NP-SBJ *-2) (VP (VP producing (NP widespread disaffection)) and (VP pushing (S (NP-SBJ Labor) (ADJP-PRD ahead (PP-LOC in (NP the polls)))))))) .)) (TOP (S (PP Instead of (S-NOM (NP-SBJ-3 *-2) (VP realizing (NP (NP his mistake) (PP in (S-NOM (NP-SBJ *-3) (VP letting (S (NP-SBJ the exchange rate) (VP dominate (NP both (NP British economic policy) and (NP (NP Mrs. Thatcher 's) political fortune))))))))))) , (NP-SBJ-2 Mr. Lawson) (VP pushed (PP-CLR for (S-NOM (NP-SBJ-4 *) (VP tying (NP the pound) (ADVP-MNR formally) (PP-CLR to (NP the mark)) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP entering (NP (NP the European Monetary System) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP subordinates (NP all member currencies) (PP-CLR to (NP German monetary policy))))))))))))) .)) (TOP (S (NP-SBJ This) (VP put (NP Mrs. Thatcher) (PP-PUT in (NP a bind))) .)) (TOP (S (NP-SBJ (NP The concept) (PP of (NP European integration))) (VP is (NP-PRD (NP one) (PP of (NP (NP those grand schemes) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP appeal (PP-CLR to (NP (NP intellectuals) , (NP the media) and (NP the imagination)))) , but (VP are (ADJP-PRD full (PP of (NP practical pitfalls))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the pound) (VP had (VP been (VP tied (PP-CLR to (NP the mark))))))) , (NP-SBJ-1 the British) (VP would (VP have (VP been (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP cut (NP their exorbitant tax rates)))))))) .)) (TOP (S (NP-SBJ The reason) (VP is (ADJP-PRD simple)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ a country) (VP cuts (NP tax rates) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP (VP makes (S (NP-SBJ itself) (ADJP-PRD more attractive (PP to (NP investors))))) and (VP drives (PRT up) (NP (NP the value) (PP of (NP its currency))))) .)) (TOP (S-CLF (NP-SBJ It) (VP was (NP-PRD (NP fear) (PP of (S-NOM (NP-SBJ *) (VP disturbing (NP EMS exchange-rate relationships))))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP caused (S (NP-SBJ-2 (NP the Chirac government) (PP-LOC in (NP France))) (VP to (VP be (ADJP-PRD timid (PP about (S-NOM (NP-SBJ *-2) (VP cutting (NP tax rates)))))))))))) .)) (TOP (S (NP-SBJ (NP Edouard Balladur) , (NP (NP the finance minister) (PP-TMP at (NP the time))) ,) (VP (VP was (VP sold (PP-CLR on (NP the tax-cut policy)))) but (VP was (VP concerned (SBAR that (S (NP-SBJ-1 his government) (VP would (VP be (VP criticized (NP *-1) (PP-CLR as (ADJP anti-European)) (PP-CLR for (S-NOM (NP-SBJ *-1) (VP disturbing (NP the linked European currency relationship)))))))))))) .)) (TOP (S (NP-SBJ (NP The price) (PP of (S-NOM (NP-SBJ *) (VP attracting (NP (NP capital) -- (NP whether (NP (NP one 's) own) or (NP (NP that) (PP of (NP foreigners)))) --))))) (VP is (NP-PRD a trade deficit)) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP avoid (NP this deficit)))) (NP-SBJ-1 Mr. Lawson) (VP inflated (NP the pound) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP prevent (NP its rise)))))) .)) (TOP (S (NP-SBJ This misguided policy) (VP could not (VP prevent (NP a British trade deficit))) .)) (TOP (S (ADVP Consequently) , (NP-SBJ Mr. Lawson) (VP saddled (NP Mrs. Thatcher) (PP-CLR with (NP (NP (NP a record trade deficit) , (NP renewed inflation) and (NP high interest rates)) -- (NP (NP three political failures) (PP-LOC in (NP a row)))))) .)) (TOP (S (NP-PRD Little wonder) (SBAR-SBJ that (S (NP-SBJ-1 (NP Mrs. Thatcher 's) opponents) (VP were (ADJP-PRD so anxious (S (NP-SBJ *-1) (VP to (VP keep (S (NP-SBJ Mr. Lawson) (PP-LOC-PRD in (NP office)))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP is (ADJP-PRD extraordinary) (SBAR-2 that (S (NP-SBJ the British Treasury) (VP thought (SBAR 0 (S (NP-SBJ-1 it) (VP could (VP prevent (NP a trade deficit) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP inflating (NP the pound)))))))))))) .)) (TOP (S (NP-SBJ The British balance-of-payments statistics) (VP show (SBAR that (S (SBAR-TMP after (S (NP-SBJ-1 the top tax rate) (VP was (VP cut (NP *-1) (PP-CLR to (NP 40 %)))))) , (NP-SBJ (NP the flow abroad) (PP of (NP British capital))) (VP slowed , (PP-DIR to (NP (NP (QP 50 billion) pounds) (PRN -LRB- (NP (NP (QP $ 79 billion) *U*) (PP at (NP the current rate))) -RRB-)) (PP-TMP in (NP 1988))) (PP-DIR from (NP (QP 93 billion) pounds) (PP-TMP in (NP 1986))))))) .)) (TOP (S (NP-SBJ (NP This change) (PP-LOC in (NP the British capital account))) (VP required (NP (NP (NP an offsetting change) (PP-LOC in (NP the trade account))) , (NP (NP a change) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP could not (VP be (VP prevented (NP *-1) (PP-MNR by (S-NOM (NP-SBJ *) (VP pegging (NP the currency)))))))))))) .)) (TOP (S (NP-SBJ Nigel Lawson) (VP was (NP-PRD (NP a victim) (PP of (NP (NP the immense confusion) (PP-LOC in (NP thought)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP been (ADJP-PRD characteristic (PP of (NP Western financial circles))) (PP-TMP during (NP the 1980s)))))))))) .)) (TOP (S (NP-SBJ-1 The (ADJP most important) governments) (VP have (VP ignored (NP (NP the role) (PP of (NP low tax rates)) (PP-LOC in (S-NOM (NP-SBJ *) (VP attracting (NP real capital investment))))) , (S-ADV (ADVP instead) (NP-SBJ *-1) (VP emphasizing (NP financial flows) (PP in (NP (NP response) (PP to (NP high interest rates)))))))) .)) (TOP (S (NP-SBJ This) (VP has (VP led (NP them) (PP-CLR in (NP a (ADJP fruitless and destructive) policy circle)))) .)) (TOP (SINV (ADVP-TMP First) (VP comes (S-CLR *ICH*-4)) (NP-SBJ-2 monetary expansion) (S-CLR-4 (NP-SBJ *-2) (VP to (VP drive (PRT down) (NP (NP (NP the currency 's) value) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP was (VP pushed (NP *-1) (PRT up) (PP by (NP-LGS tax-rate reduction)))))))))) .)) (TOP (S (ADVP-TMP Then) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the currency) (VP falls (ADVP-TMP *T*-1))) ,) (NP-SBJ-2 interest rates) (VP are (VP raised (NP *-2) (S-PRP-CLR (NP-SBJ-3 *) (VP to (VP attract (NP financial flows) (SBAR-PRP in order (S (NP-SBJ *-3) (VP to (VP stabilize (NP the exchange rate)))))))))) .)) (TOP (S (S (NP-SBJ This policy) (VP is (ADJP-PRD totally mindless))) , and (S (NP-SBJ-1 Sir Alan) (VP is (ADJP-PRD correct (S (NP-SBJ *-1) (VP to (VP point (PRT out) (NP its deficiencies))))))) .)) (TOP (S (NP-SBJ-1 (NP Britain) and (NP (NP all) (PP of (NP Europe)))) (VP need (S (NP-SBJ *-1) (VP to (VP reconsider (NP (NP the prospects) (PP for (NP European integration))) (PP in (NP (NP light) (PP of (NP (NP the possible reunification and neutralization) (PP of (NP Germany)))))))))) .)) (TOP (S (NP-SBJ (NP A unified Germany) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP remained (PP-LOC-PRD within (NP the Western alliance)))))) (VP would (VP give (NP Germany) (NP (NP such an overshadowing position) (SBAR that (S (NP-SBJ (NP all other members) (PP of (NP a unified Europe))) (VP would (VP become (NP-PRD (NP vassals) (PP of (NP the German state)))))))))) .)) (TOP (S (SBAR-ADV Unless (S (NP-SBJ the Soviet Union) (VP collapses))) , (NP-SBJ-1 German reunification) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP require (NP (NP Germany 's) neutralization)))))) .)) (TOP (S (NP-SBJ (NP The implications) (PP for (NP (NP Britain) , (NP France) and (NP (NP the rest) (PP of (NP Europe))))) (PP of (S-NOM (NP-SBJ *) (VP having (S (NP-SBJ-1 their currencies) (VP tied (NP *-1) (PP-CLR to (NP (NP the economic policy) (PP of (NP a neutral country)))))))))) (VP need (NP considering) (SBAR-TMP before (S (NP-SBJ we) (VP judge (S (NP-SBJ (NP Mr. Lawson 's) resignation) (VP to (VP be (ADJP-PRD unfortunate)))))))) .)) (TOP (S (PP In (NP the least)) , (NP-SBJ we) (VP must (VP recognize (NP (NP the futility) (PP of (S-NOM (NP-SBJ-1 *) (VP trying (S (NP-SBJ-2 *-1) (VP to (VP use (NP exchange-rate intervention) (S-CLR (NP-SBJ *-2) (VP to (VP offset (NP (NP the effects) (PP of (NP tax-rate reduction)) (PP on (NP capital flows))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Roberts) (VP was (NP-PRD assistant Treasury secretary) (PP-LOC under (NP President Reagan))) .)) (TOP (S (NP-SBJ (NP Joseph P. Jordan) , (ADJP (NP-ADV 52 years) old) ,) (VP becomes (NP-PRD (NP (NP president) (PP *RNR*-1)) , (NP (NP chief executive officer) (PP *RNR*-1)) and (NP (NP a director) (PP *RNR*-1)) (PP-1 of (NP the bank company)))) .)) (TOP (S (NP-SBJ (NP Mr. Jordan) , (NP (ADVP-TMP formerly) (NP (NP president) (PP *RNR*-2)) and (NP (NP chief executive) (PP *RNR*-2)) (PP-2 of (NP (NP Fishkill National Bank) (PP-LOC in (NP (NP Beacon) , (NP N.Y.)))))) ,) (VP succeeds (NP (NP Donald Broderick) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP died (PP at (NP 52)) (PP-MNR in (NP an automobile accident))))))) .)) (TOP (S (NP-SBJ (NP Personal spending) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP fueled (NP (NP the economy 's) growth) (PP-TMP in (NP the third quarter))))) ,) (VP was (ADVP clearly) (VP slowing (PP-TMP by (NP (NP the end) (PP of (NP the period)))) , (S-ADV (NP-SBJ *) (VP raising (NP (NP questions) (PP about (NP (NP the economy 's) strength))) (SBAR-TMP as (S (NP-SBJ the year) (VP ends))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Personal spending) (VP grew (NP-EXT 0.2 %) (PP-TMP in (NP September)) (PP-DIR to (NP a (ADJP (QP $ 3.526 trillion) *U*) annual rate)))) , (NP-SBJ the Commerce Department) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP the smallest monthly increase) (PP-TMP in (NP a year)))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 personal income) (VP was (VP held (NP *-1) (PRT down) (PP by (NP-LGS (NP the effects) (PP of (NP (NP Hurricane Hugo) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP tore (PP-CLR through (NP (NP parts) (PP of (NP (ADJP North and South) Carolina)))) (PP-TMP in (NP late September))))))))))) .)) (TOP (S (NP-SBJ The department) (VP said (SBAR 0 (S (NP-SBJ personal income) (VP (VP rose (NP-EXT 0.3 %) (PP-TMP in (NP September)) (PP-DIR to (NP a (ADJP (QP $ 4.469 trillion) *U*) rate))) but (VP would (VP have (VP climbed (NP-EXT 0.6 %) (SBAR-ADV (SINV had (NP-SBJ it) (VP not been (PP-PRD for (NP the storm)))))))))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Among (NP (NP the economic effects) (PP of (NP the hurricane)))) (VP was (PP-LOC-PRD *T*-1)) (NP-SBJ (NP a sharp drop) (PP-LOC in (NP rental income))) .)) (TOP (S (NP-SBJ The figures) (VP came (SBAR-TMP (NP-ADV a day) after (S (NP-SBJ the government) (VP released (NP (NP a report) (VP showing (SBAR that (S (NP-SBJ consumer spending) (VP propelled (NP U.S. economic expansion) (PP-TMP in (NP the third quarter)) (SBAR-TMP while (S (PRN -- (PP on (NP an inflation-adjusted basis)) --) (S (NP-SBJ business investment) (VP slowed)) , (S (NP-SBJ government spending) (VP declined)) , and (S (NP-SBJ exports) (VP were (ADJP-PRD flat)))))))))))))) .)) (TOP (S But (NP-SBJ the new statistics) (VP show (SBAR that (S (PP-TMP by (NP September)) , (NP-SBJ-1 (NP the burst) (PP-LOC in (NP spending))) (VP seemed (S (NP-SBJ *-1) (VP to (VP be (VP tapering (ADVP-CLR off))))))))) .)) (TOP (S (NP-SBJ Many economists) (VP expect (S (NP-SBJ the weakness) (VP to (VP continue)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the consumer) (VP has (ADVP pretty well) (VP played (NP himself) (PRT out))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP David Littman) , (NP (NP senior economist) (PP-LOC at (NP (NP Manufacturers National Bank) (PP of (NP Detroit)))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD (NP a lot) (PP-LOC in (NP the wings)) '' (PP-LOC in (NP (NP other sectors) (PP of (NP the economy)))) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP keep (S (NP-SBJ growth) (PP-LOC-PRD above (NP 1 %)))))))))))))) , (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S (PP-TMP In (NP the third quarter)) , (NP-SBJ the economy) (VP grew (PP-MNR at (NP a moderate (ADJP 2.5 %) annual rate))) .)) (TOP (S (PP-TMP In (NP August)) , (S (NP-SBJ personal income) (VP rose (NP-EXT 0.3 %))) and (S (NP-SBJ spending) (VP grew (NP-EXT 0.9 %))) .)) (TOP (S (NP-SBJ Analysts) (VP have (VP attributed (NP (NP much) (PP of (NP (NP (NP the summer 's) spurt) (PP-LOC in (NP spending))))) (PP-CLR to (NP (NP bargain car prices) (PP-TMP at (NP (NP the end) (PP of (NP the model year)))))))) .)) (TOP (S (NP-SBJ Car sales) (VP slackened (PP-TMP in (NP September)) (SBAR-TMP after (S (NP-SBJ-1 the 1990 models) (VP were (VP introduced (NP *-1)))))) .)) (TOP (S (PP According (PP to (NP the Commerce Department report))) , (NP-SBJ (NP spending) (PP on (NP (NP durable goods) (PRN -- (NP (NP items) (VP expected (S (NP-SBJ *) (VP to (VP last (NP-CLR (QP at least three) years))))) , (PP including (NP cars))) --)))) (VP declined (PP-EXT by (NP (QP $ 6.2 billion) *U*))) .)) (TOP (S (NP-SBJ (NP The nation 's) savings rate) (VP was (ADJP-PRD unchanged) (PP-TMP in (NP September)) (PP-LOC at (NP (NP 4.9 %) (PP of (NP after-tax income)))) , (PP (ADVP far) below (NP (NP the 5.6 %) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP reached (NP *T*-1) (PP-TMP in (NP July)))))))) .)) (TOP (S (NP-SBJ-1 All the figures) (VP are (VP adjusted (NP *-1) (PP for (NP seasonal variations)))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP is (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP (NP the Commerce Department 's) latest report) (PP on (NP personal income))) .)) (TOP (S (NP-SBJ The figures) (VP are (PP-PRD (PP at (NP (ADJP seasonally adjusted) annual rates)) (PP in (NP (NP trillions) (PP of (NP dollars)))))) .)) (TOP (S (NP-SBJ CRA Ltd.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP (NP a (ADJP 40 %) stake) (PP in (NP (NP its Howick coal mine) (PP-LOC in (NP (NP the state) (PP of (NP New South Wales))))))) (PP-CLR to (NP (NP Mitsubishi Development Pty.) (PP of (NP Japan))))))))))) .)) (TOP (S (NP-SBJ-1 The price) (VP was n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ The agreement) (VP is (ADJP-PRD subject (PP to (NP government approval)))) .)) (TOP (S (NP-SBJ RA) (VP acquired (NP the Howick coal mine) (NP-TMP Oct. 20) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP bought (NP (NP British Petroleum Co. 's) Australian coal interests) (PP-CLR for (NP (QP $ 275 million) *U*)) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ CRA) (VP said (ADVP-TMP then) (SBAR that (S (NP-SBJ it) (VP was (VP looking (PP-CLR for (NP (NP a partner) (PP for (NP (NP the mine) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP produces (NP (NP (NP (QP more than three million) metric tons) (PP of (NP coal))) (NP-ADV a year)))))))))))))) .)) (TOP (S (NP-SBJ CRA) (VP is (ADJP-PRD 49%-owned (PP by (NP (NP RTZ Corp.) (PP of (NP Britain)))))) .)) (TOP (S (NP-SBJ (NP Control Data Corp.) , (SBAR (WHNP-1 which) (S (ADVP-TMP (NP just months) ago) (NP-SBJ *T*-1) (VP was (VP hemorrhaging (ADVP-MNR financially))))) ,) (VP thinks (SBAR 0 (S (NP-SBJ-3 it) (VP will (VP be (ADJP-PRD healthy enough (S *ICH*-2)) (ADVP-TMP soon) (S-2 (NP-SBJ-4 *-3) (VP to (VP consider (S (NP-SBJ *-4) (VP repurchasing (NP public debt))))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ (NP the company) , (SBAR (WHNP-1 whose go-it-alone approach) (S (NP-SBJ *T*-1) (ADVP nearly) (VP proved (ADJP-PRD fatal)))) ,) (ADVP-TMP now) (VP sees (NP (NP alliances) (PP with (NP others))) (PP-CLR as (NP (NP the way) (ADVP back (PP to (NP (NP prosperity) (PP-LOC in (SBAR-NOM (WHNP-2 what) (S (NP-SBJ it) (VP calls (S (NP-SBJ *T*-2) (NP-PRD `` the data solutions '' business)))))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ I) (VP 'm not (VP saying (SBAR 0 (S (NP-SBJ everything) (VP is (ADJP-PRD hunky-dory))))))) , but (S (NP-SBJ we) (VP have (VP completed (NP the transition))))) , '' (NP-SBJ (NP Robert M. Price) , (NP (NP chairman) and (NP chief executive)) ,) (VP said (S *T*-1) (PP-LOC in (NP an interview))) .)) (TOP (S `` (NP-SBJ Transition) '' (VP is (NP-PRD (NP a reference) (PP to (NP (NP the company 's) five-year restructuring effort)))) .)) (TOP (S (PP-TMP During (NP that time)) , (NP-SBJ Control Data) (VP had (NP (NP losses) (PP of (NP (QP more than $ 1 billion) *U*)))) .)) (TOP (S (ADVP-TMP Now) , (PP-TMP following (NP (NP asset sales) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP shrank (NP revenue) (PP-CLR by (NP (NP more) (PP than (NP one-third)))) (NP-TMP (NP this year) (ADVP alone))))))) , (NP-SBJ Control Data) (VP is (ADJP-PRD flush (PP with (NP cash)))) .)) (TOP (S So (NP-SBJ-1 its senior executives) (VP are (VP talking (ADVP-MNR openly) (PP-CLR about (S-NOM (NP-SBJ *-1) (ADVP possibly) (VP buying (PRT back) (NP (NP some) (PP of (NP (NP (NP the company 's) (QP $ 172.5 million) *U*) (PP in (NP subordinated convertible debentures))))) (NP-TMP next year)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 We) (VP 'd (VP like (S (NP-SBJ-3 *-2) (VP to (VP continue (S (NP-SBJ *-3) (VP to (VP reduce (NP debt)))))))))) , '' (NP-SBJ President Lawrence Perlman) (VP said (S *T*-1)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Noting (SBAR that (S (NP-SBJ-2 the company) (VP is (VP offering (S (NP-SBJ *-2) (VP to (VP buy (PRT back) (NP (NP (QP $ 154.2 million) *U*) (PP in (NP (NP senior notes) (VP paying (NP (QP 12 3) %)))))))))))))) , (NP-SBJ-1 he) (VP said (SBAR 0 (S (NP-SBJ-3 the response) (VP will (VP help (S (NP-SBJ *-3) (VP determine (NP future debt-reduction efforts)))))))) .)) (TOP (S (NP-SBJ-1 The offer) (VP was (VP (ADVP-MNR automatically) triggered (NP *-1) (PP by (NP-LGS (NP the recent sale) (PP of (NP (NP Control Data 's) Imprimis disk-drive business)) (PP to (NP Seagate Technology Inc)))))) .)) (TOP (S (NP-SBJ (NP Mr. Perlman) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADVP also) (NP-PRD (NP acting chief financial officer) and (NP (NP the odds-on favorite) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP become (NP-PRD the next chief executive)))))))))) ,) (VP said (SBAR 0 (S (S (NP-SBJ the company) (VP is (VP achieving `` (NP (NP modest positive cash flow) (PP from (NP operations)))))) , and (S (NP-SBJ we) (VP expect (S (NP-SBJ that) (VP to (VP continue (PP-CLR into (NP 1990)))))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the company) (VP has (NP (NP no intention) (PP of (S-NOM (NP-SBJ *) (VP tapping (NP its short-term bank lines))))) `` (PP-TMP for (NP (NP a good part) (PP of (NP 1990)))))))) . '')) (TOP (S (S-TPC-1 (NP-TMP Sometime next year) , (NP-SBJ Control Data) (VP will `` (VP develop (NP a new bank relationship)))) , '' (NP-SBJ Mr. Perlman) (VP said (S *T*-1)) .)) (TOP (S (PP-TMP In (NP recent months)) (NP-SBJ (NP a group) (PP of (NP lenders)) , (VP led (NP *) (PP by (NP-LGS (NP Bank) (PP of (NP America))))) ,) (VP has (VP extended (NP Control Data) (NP (NP (NP (QP up to $ 90 million) *U*) (PP in (NP revolving loans)) (PP-TMP through (NP January))) , (CONJP as well as) (NP (NP (QP $ 115 million) *U*) (PP in (NP (NP standby letters) (PP of (NP credit)))))))) .)) (TOP (S (NP-SBJ Loan covenants) (VP require (SBAR that (S (NP-SBJ the company) (VP (VP achieve (NP (NP specified levels) (PP of (NP operating earnings)))) and (VP meet (NP a rolling four-quarter profitability test)))))) .)) (TOP (S (NP-TMP Last week) (NP-SBJ Control Data) (VP reported (NP (NP third-quarter earnings) (PP of (NP (NP (QP $ 9.8 million) *U*) , or (NP (NP 23 cents) (NP-ADV a share)) ,)) (PP on (NP (NP revenue) (PP of (NP (QP $ 763 million) *U*)))))) .)) (TOP (S (PP-TMP Through (NP the first nine months)) , (NP-SBJ the company) (VP had (NP (NP a loss) (PP of (NP (QP $ 484 million) *U*)) , (VP (ADVP largely) reflecting (NP (NP the closing) (PP of (NP its supercomputer unit)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-2 (NP a few assets) (PP *ICH*-1)) (VP are (ADVP-TMP still) (VP being (VP shopped (NP *-2) (PRN -- (PP-1 including (NP (NP the sports and entertainment ticketing portion) (PP of (NP (NP the company 's) Ticketron unit)))) --)))))) (NP-SBJ Mr. Price) (VP said (SBAR 0 (S (NP-SBJ future restructuring) (VP would (VP be (NP-PRD (NP a question) (PP of (NP strategy)))))))) .)) (TOP (S `` (NP-SBJ We) (VP do n't (VP need (NP the cash))) . '')) (TOP (S (S-TPC-2 (NP-SBJ (NP (NP Ticketron 's) automated wagering business) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP operates (NP (NP lotteries) (PP-LOC in (NP (QP a half dozen) states)))))) ,) (VP is not (PP-PRD for (NP sale)))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S-3 (ADVP Rather) (PRN , (NP-SBJ Mr. Perlman) (VP said (SBAR 0 (S *T*-3))) ,) (NP-SBJ-1 Control Data) (VP (VP intends (S (NP-SBJ *-1) (VP to (VP bid (PP-CLR for (NP the coming Minnesota lottery contract)))))) and (VP is (VP seeking (NP (NP new applications) (PP for (NP the technology))) (ADVP-LOC (ADVP overseas) , (SBAR (WHADVP-2 where) `` (S (NP-SBJ there) (VP is (NP-PRD (NP great interest) (PP in (NP (NP games) (PP of (NP skill))))) (ADVP-LOC *T*-2)))))))) . '')) (TOP (S (NP-SBJ He) (VP would n't (VP elaborate)) .)) (TOP (S (S (S-TPC-2 (NP-SBJ-1 (NP (NP Control Data 's) semiconductor business) , (NP VTC Inc.) ,) (VP continues (S (NP-SBJ *-1) (VP to (VP lose (NP money)))))) , (NP-SBJ the executives) (VP acknowledged (SBAR 0 (S *T*-2)))) , but (S (NP-SBJ they) (VP said (SBAR 0 (S (NP-SBJ-3 they) (VP (VP consider (S (NP-SBJ (NP some) (PP of (NP the technology))) (ADJP-PRD vital (PP to (NP national defense))))) and (ADVP so) (VP are (ADJP-PRD reluctant (S (NP-SBJ *-3) (VP to (VP dispose (PP-CLR of (NP it)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP The company 's) strategy) (PP for (S-NOM (NP-SBJ *) (VP keeping (S (NP-SBJ its computer products business) (ADJP-PRD profitable))))) (PRN -- (S (NP-SBJ it) (ADVP-TMP recently) (VP achieved (NP profitability) (PP-TMP after (NP (NP several quarters) (PP of (NP losses)))))) --)) (VP calls (PP-CLR for (NP (NP a narrow focus) and (NP (NP a lid) (PP on (NP expenses)))))) .)) (TOP (S (S-TPC-2 (ADVP Partly) , (NP-SBJ-1 costs) (VP will (VP be (VP held (NP *-1) (PRT down) (PP-CLR through (NP strategic technology alliances)))))) , (NP-SBJ management) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Control Data) (ADVP-TMP recently) (VP announced (NP (NP an agreement (S *ICH*-1)) (PP with (NP MIPS Computer Systems Inc.)) (S-1 (NP-SBJ *) (VP to (VP (ADVP-MNR jointly) develop (NP (NP machines) (PP with (NP simplified operating software)))))))) .)) (TOP (S (NP-SBJ (NP James E. Ousley) , (NP computer products group president) ,) (VP said (SBAR 0 (S (NP-SBJ-1 such arrangements) (VP could (VP help (S (NP-SBJ *-1) (VP slash (NP (NP Control Data 's) computer research and development costs) (PP-CLR in (NP half)) (PP-TMP by (NP (NP the end) (PP of (NP 1990))))))))))) .)) (TOP (S (NP-SBJ He) (VP disclosed (SBAR that (S (SBAR-TMP before (S (NP-SBJ Control Data) (VP scrapped (NP its ETA Systems Inc. supercomputer business) (NP-TMP this past spring)))) , (NP-SBJ those costs) (VP were (VP running (PP-CLR at (NP (NP (QP nearly 35) %) (PP of (NP group revenue))))))))) .)) (TOP (S (S-TPC-2 (PP-TMP At (NP the same time)) (NP-SBJ-1 (QP four of six) design projects) (VP were (VP spiked (NP *-1)))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-ADV (NP-SBJ-3 *-4) (VP Asked (NP *-3) (SBAR (WHADVP-2 how) (S (NP-SBJ-1 the company) (VP hopes (S (NP-SBJ *-1) (VP to (VP expand (NP its computer hardware business) (ADVP-MNR *T*-2))))))))) , (NP-SBJ-4 Mr. Ousley) (VP said (SBAR 0 (S (NP-SBJ it) (VP sees (NP good opportunities) (PP-LOC-CLR in (NP systems integration)))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ we) (VP 're (VP getting (NP (NP (QP only 10) %) (PP of (NP (NP the integration dollars) (SBAR (WHNP-1 0) (S (NP-SBJ our customers) (VP are (VP spending (NP *T*-1)))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S `` (NP-SBJ We) (VP 're (PP-LOC-PRD in (NP (NP environments) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP are (VP going (S (NP-SBJ *-2) (VP to (VP spend (NP (NP a lot) (PP of (NP money))) (PP-CLR on (NP that)))))))))))) . '')) (TOP (S (NP-SBJ-1 Control Data mainframes) (VP are (VP designed (NP *-1) (PP-CLR for (NP (NP (ADJP numerically intensive) computing users) , (PP such as (NP the (ADJP scientific , engineering and academic) communities)))))) .)) (TOP (S (NP-SBJ Utilities management) (VP is (NP-PRD a major commercial niche)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Reviewing (NP (NP (NP the company 's) scrape) (PP with (NP disaster))))) , (NP-SBJ-1 Mr. Price) (VP conceded (SBAR 0 (S (NP-SBJ-2 it) (VP had (VP tried (S (NP-SBJ *-2) (VP to (VP do (NP too much) (PP-MNR on (NP its own)))))))))) .)) (TOP (S `` (ADVP-TPC-1 Absolutely) , '' (NP-SBJ he) (VP said (ADVP *T*-1)) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ its stock) (VP is (VP selling (PP-CLR at (NP (QP about half) (NP Control Data 's) estimated breakup value)))))) , (NP-SBJ neither Messrs. Perlman nor Price) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP spends (NP much time) (S-CLR (NP-SBJ *-1) (VP considering (NP (NP the possibility) (PP of (NP a hostile takeover))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 We) (VP 've (VP been (VP listed (NP *-2) (PP-CLR as (NP a candidate)) (PP-TMP for (NP (NP so long) (SBAR 0 (S (NP-SBJ it) (VP 's not (ADJP-PRD worth (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP worrying (PP-CLR about (NP *T*-3))))))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Price) .)) (TOP (S (INTJ Well) , (NP-SBJ the arrogant East Coast media) (VP have (VP spoken (ADVP-TMP again) (PRN -LRB- (NP `` (S-TTL (NP-SBJ *) (VP Going (PP-CLR for (NP the Green)))) , '' (NP editorial) , (NP-TMP Oct. 17)) -RRB-))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Having (VP resided (PP-LOC-CLR in (NP (NP the great state) (PP of (NP California)))) (PP-TMP for (NP the past seven years))))) , (NP-SBJ-1 I) (VP find (S (NP-SBJ (NP it) (S *EXP*-3)) (ADJP-PRD hard) (S-3 (NP-SBJ *) (VP to (VP ignore (NP our environmental problems) (SBAR-TMP (SBAR (WHADVP-4 when) (S (NP-SBJ I) (VP start (NP (NP my commute) (PP to (NP work))) (PP with (S-NOM (S (NP-SBJ eyes) (VP tearing (PP *RNR*-2))) and (S (NP-SBJ head) (VP aching (PP *RNR*-2))) (PP-2 from (NP the polluted air)))) (ADVP-TMP *T*-4)))) ; (SBAR (WHADVP-5 when) (S (NP-SBJ-6 I) (VP (VP try (S (NP-SBJ *-6) (VP to (VP enjoy (NP the beaches))))) and (VP come (NP-DIR home) (S-ADV (NP-SBJ-8 *-6) (VP covered (NP *-8) (PP-CLR with (NP tar and oil))))) (ADVP-TMP *T*-5)))) ; (SBAR (WHADVP-7 when) (S (NP-SBJ I) (VP hear (PP-CLR of (NP (NP numerous deaths) (VP related (NP *) (PP-CLR to (NP irresponsible (NX (NX (NX processing) (PP of (NP cheese))) and (NX (NX use) (PP of (NP chemicals)) (PP-LOC in (NP fruit growing))))))))) (ADVP-TMP *T*-7)))))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD entertaining) (PP for (NP (NP those) (PP like (NP you)))) (S-1 (NP-SBJ-2 *) (VP to (VP discount (NP (NP the concerns) (PP of (NP environmentalists))) , (S-ADV (NP-SBJ *-2) (VP (VP suggesting (SBAR that (S (NP-SBJ their save-the-earth initiatives) (VP are `` (ADJP-PRD whacky) '')))) and (VP referring (PP-CLR to (NP (ADJP so many) citizens)) (PP-CLR as `` (NP la-la activists))))))))) . '')) (TOP (FRAG (ADJP Strange) (SBAR that (S (NP-SBJ we) (VP do n't (VP hear (NP (NP similar criticisms) (PP of (NP (NP the East Coast activists) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP seek (S (NP-SBJ *-2) (VP to (VP (VP clean (PRT up) (NP Boston Harbor)) or (VP rid (NP their beaches) (PP-CLR of (NP medical waste)))))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ there) (VP are (NP-PRD no easy low-cost solutions)))) , (S-NOM-SBJ (NP-SBJ *) (ADVP simply) (VP ignoring (NP our problems))) (VP will (VP result (PP-CLR in (S-NOM (NP-SBJ their severity) (VP (VP increasing) and (VP spreading (PP-CLR throughout (NP (NP the state) , (NP the nation) and (NP the world))))))))) .)) (TOP (S (SBAR-ADV If (FRAG (NP (NP nothing) (ADJP else)))) , (NP-SBJ (NP such initiatives) (PP as (NP these))) (VP will (VP (VP provide (NP an awareness) (PP-CLR to (NP citizens and lawmakers))) and (VP encourage (NP appropriate corrective action)))) .)) (TOP (S (PP-TMP Before (NP your next California-bashing editorial)) , (INTJ please) (NP-SBJ-2 *) (VP spend (NP more time) (ADVP-LOC out here) (S-CLR (NP-SBJ *-2) (VP witnessing (NP the situation))) -- (S-PRP (NP-SBJ it) (ADVP just) (VP may (VP change (NP your view))))) .)) (TOP (NP (NP John Barry) (NP-LOC (NP Ventura) , (NP Calif)) .)) (TOP (S (S (NP-SBJ I) (VP realize (SBAR 0 (S (NP-SBJ you) (VP were (ADVP just) (VP looking (PP-CLR for (NP (NP something) (ADJP snotty) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP say (NP *T*-1) (PP-CLR about (NP (NP California) and (NP its environmental movement))))))))))))))) , but (S (S-NOM-SBJ (NP-SBJ *) (VP picking (S (NP-SBJ Frank Lloyd Wright) (VP to (VP say (NP it) (PP for (NP you))))))) (VP was (NP-PRD a bad call))) .)) (TOP (S (NP-SBJ (NP Wright 's) organic architecture) (VP demonstrated (NP (NP a keen sensitivity) (PP to (NP the environment))) (SBAR-TMP (NP-ADV decades) before (S (NP-SBJ it) (VP became (ADJP-PRD fashionable) (PP-LOC among `` (NP la-la activists)))))) . '')) (TOP (S (ADVP Indeed) , (NP-SBJ Wright) (VP said (NP-TMP all his life) (SBAR that (S (NP-SBJ-1 (NP the greatest lessons) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP learned (NP *T*-2))))) (VP were (VP derived (NP *-1) (PP-CLR from (NP (NP the study) (PP of (NP nature))))))))) .)) (TOP (S (ADVP Obviously) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD lost) (PP on (NP you)) (SBAR-1 that (S (NP-SBJ-2 (NP (QP about 75) %) (PP of (NP the American people))) (NP-TMP these days) (PRN -LRB- (NP (NP-SBJ *ICH*-2) and (PP in (NP fact)) (NP (NP the president) (PP of (NP the United States)))) -RRB-) (VP consider (S (NP-SBJ themselves) (NP-PRD environmentalists)))))) .)) (TOP (S (PP As (PP for (S-NOM (NP-SBJ California) (VP being (NP-PRD (NP a state) (VP run (NP *) (PP by (NP-LGS liberal environmental loonies)))))))) , (NP-SBJ *) (VP let (S (NP-SBJ 's) (VP not (VP forget (SBAR-NOM (WHADVP-1 where) (S (NP-SBJ Ronald Reagan) (VP came (PP-DIR from (ADVP *T*-1))))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ (NP Mr. Reagan) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP claimed (SBAR that (S (NP-SBJ-1 air pollution) (VP is (VP caused (NP *-1) (PP by (NP-LGS trees))))))))) ,) (VP is (NP-PRD (NP the man) (SBAR (WHNP-3 0) (S (NP-SBJ-4 you) (VP should (VP be (VP quoting (NP *T*-3) (S-PRP (NP-SBJ *-4) (VP to (VP back (PRT up) (NP your position (SBAR that (S (NP-SBJ economics) (VP is (ADJP-PRD (ADJP more important) (PP than (NP the Earth))))))))))))))))) .)) (TOP (S-CLF But (NP-SBJ it) (VP was (NP-PRD Frank Lloyd Wright) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP said , `` (SQ Is (NP-SBJ this) not (NP-PRD Anti-Christ) ?))))))) (TOP (NP (NP The Moloch) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP knows (NP (NP no God) (PP but (NP more)))))) ? '')) (TOP (NP (NP Robert Borden) (NP-LOC (NP Santa Monica) , (NP Calif .)))) (TOP (S (NP-SBJ-1 (NP Your editorial) (NP-TTL *ICH*-2)) (VP was (UCP-PRD (ADJP commendable) and (VP (ADVP neatly) matched (NP *-1) (PP by (NP-LGS (NP (NP the readers ') comments) (PP-LOC in (NP (NP letters) (PP to (NP the editor)))))))) , `` (NP-TTL-2 (NP Alar) : (S (NP-SBJ *) (VP Scaring (PP-CLR on (NP (NP the Side) (PP of (NP Caution)))))))) . '')) (TOP (S (NP-SBJ (NP The illogic and inaccuracy) (PP of (NP (NP (NP John H. Adams 's) comments) (PP for (NP the National Resources Defense Council))))) (VP (ADVP-MNR fully) justifies (NP (NP your characterization) (PP of (NP (NP (NP California 's) Greens) (PP in (NP particular)))) (PP-CLR as `` (NP la-la activists)))) . '')) (TOP (S (NP-SBJ We) (VP may all (VP (VP hope (SBAR that (S (NP-SBJ (NP California 's) voters) (VP will (VP heed (NP (NP the scientific realities) (SBAR (WHNP-1 that) (S (NP-SBJ (NP their own university 's) renowned Prof. Tom Jukes) (VP provides (NP-BNF them) (NP *T*-1)))))))))) and (VP ignore (NP (NP the charlatanry) (VP profferred (NP *) (PP by (NP-LGS their `` wealthy Hollywood weepers))))))) . '')) (TOP (S (NP-SBJ I) (VP have (NP (NP a different approach) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP offer (NP *T*-1) , (PP-DTV (CONJP not only) (PP to (NP Californians)) , but (PP to (NP all Americans))))))))) .)) (TOP (S (PP-LOC In (NP a free country)) , (NP-SBJ the law) (VP should (VP restrict (NP citizens) (NP-MNR (NP as little) (SBAR as (S (NP-SBJ *) (VP is (ADJP-PRD consistent (PP with (NP (NP good manners) and (NP public safety)))))))))) .)) (TOP (S (NP-SBJ Would-be naysayers) (VP should (VP have (NP (NP the burden) (PP of (S-NOM (NP-SBJ *) (VP proving (NP reasonable necessity) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP urge (NP a prohibition) (PP-CLR for (NP (NP enactment) (PP into (NP law)))) (ADVP-TMP *T*-1)))))))))) .)) (TOP (NP (NP W. Brown Morton Jr .) (NP-LOC (NP Warsaw) , (NP Va .)))) (TOP (S (NP-SBJ (NP The 170 airlines) (PP-LOC in (NP the International Air Transport Association))) (NP-TMP last year) (VP posted (NP (NP group net profit) (PP of (NP (QP $ 2.5 billion) *U*)) (PP on (NP (NP revenue) (PP of (NP (QP $ 125.1 billion) *U*)))))) .)) (TOP (S (PP According (PP to (NP (NP (NP the association 's) annual report) , (VP scheduled (S (NP-SBJ-1 *) (VP to (VP be (VP released (NP *-1) (ADVP-TMP today) (PP-LOC in (NP Warsaw))))))) ,))) (NP-SBJ IATA members) (VP have n't (VP posted (NP such a strong performance) (PP-TMP since (NP the late 1970s)))) .)) (TOP (S (S (NP-SBJ Revenue) (NP-TMP last year) (VP increased (PP-EXT by (NP (NP (QP more than 11) %) (PP over (NP 1988)))))) , and (S (NP-SBJ net income) (VP (ADVP nearly) tripled (PP-DIR from (NP (NP restated year-earlier net) (PP of (NP (QP $ 900 million) *U*)))))) .)) (TOP (S (NP-SBJ The group) (VP attributed (NP the strong results) (PP-CLR to (NP (NP the favorable economic climate) , (NP (NP rising demand) (PP for (NP air travel))) and (NP (NP improved average yield) (PRN -LRB- (NP (NP revenue) (VP received (NP *) (PP per (NP (NP ton) (PP of (NP traffic)) (VP transported (NP *) (NP-ADV a kilometer)))))) -RRB-))))) .)) (TOP (S (ADVP-LOC Systemwide) , (NP-SBJ IATA airlines) (VP carried (NP (NP (QP 632 million) passengers) (ADJP *ICH*-1)) (NP-TMP last year) , (ADJP-1 (NP (NP-ADV 2 %) more) (SBAR than (FRAG (PP-TMP in (NP 1987)))))) .)) (TOP (S But (NP-SBJ (NP passenger-kilometers) , (NP (NP the distance) (VP flown (NP *) (SBAR-TMP while (S (NP-SBJ *) (VP carrying (NP people)))))) ,) (VP increased (NP-EXT 5.3 %) (PP-TMP in (NP 1988))) .)) (TOP (S (NP-SBJ The association) (VP said (SBAR that (S (NP-SBJ (NP lack) (PP of (NP airport and air space capacity))) (VP is (NP-PRD (NP the biggest problem) (VP facing (NP the airline industry))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The KGB) (VP has (VP abolished (NP (NP a unit) (VP known (NP-2 *) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP persecuting (NP dissidents))))))))) , (NP-SBJ the government newspaper Izvestia) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The newspaper) (VP quoted (NP-1 KGB chairman Vladimir A. Kryuchkov) (PP-CLR as (S-NOM (NP-SBJ *-1) (VP saying (SBAR 0 (S (S (NP-SBJ (NP the definition) (PP of (NP anti-Soviet crimes))) (VP had (VP narrowed))) , (S (NP-SBJ the laws) (VP had (VP changed))) and (S (NP-SBJ-2 people) (ADVP-TMP no longer) (VP have (S (NP-SBJ *-2) (VP to (VP fear (NP (NP a simple slip) (PP of (NP the tongue)))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Kryuchkov) (VP was (VP quoted (NP-2 *-1) (PP-CLR as (S-NOM (NP-SBJ *-2) (VP saying (SBAR that (S (PP-LOC in (NP (NP place) (PP of (NP the infamous 5th Directorate)))) (NP-SBJ-3 a new unit) (VP would (VP work `` (S-CLR (NP-SBJ *-3) (VP to (VP foil (NP (NP the conspiracies (S *ICH*-4)) (PP of (NP foreign intelligence services)) (S-4 (NP-SBJ *) (VP to (VP create and use (NP (NP organized anti-government groups) (PP-LOC in (NP our country))))))))))))))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ Czechoslovakia) (VP has (VP restricted (NP (NP consumer-goods exports) (PP to (NP neighbor countries))) (PP-PRP because of (NP `` (NP massive buying out) (PP of (NP food)) '' (PP by (NP (NP tourists) (PP from (NP (NP Poland) , (NP Hungary) and (NP the Soviet Union)))))))))) , (NP-SBJ the Rude Pravo daily) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Rising inflation) (PP-LOC in (NP Poland and Hungary))) (VP makes (S (NP-SBJ Czechoslovak food , clothing and shoes) (ADJP-PRD relatively cheap (PP for (NP (NP visitors) (PP from (NP these countries))))))) .)) (TOP (S (NP-SBJ The paper) (VP (VP gave (NP (NP no details) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ the restrictions) (VP would (VP entail (NP *T*-1)))))))) but (VP said (SBAR 0 (S (NP-SBJ the measures) (VP were (ADJP-PRD necessary) (S-PRP (NP-SBJ *) (VP to (VP protect (NP the domestic market))))))))) .)) (TOP (S (NP-SBJ (NP (NP West Germany 's) biggest union) , (NP IG Metall) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP is (ADJP-PRD ready (S (NP-SBJ *-1) (VP to (VP back (NP (NP demands) (PP for (NP (NP more pay) and (NP shorter hours)))) (PP-CLR with (NP (NP strikes) (PP against (NP (NP the nation 's) (UCP automotive , steel and engineering) industries)))))))))))) .)) (TOP (S (NP-SBJ Its chairman) (VP told (NP-1 the union) (S (NP-SBJ *-1) (VP to (VP prepare (PP-CLR for (NP the worst)) (PP-LOC in (NP (NP (NP next year 's) confrontation) (PP with (NP employers)) (PP over (NP a new three-year wage deal)))))))) .)) (TOP (S (NP-SBJ A major goal) (VP is (S-PRD (NP-SBJ *) (VP to (VP cut (NP the working week) (PP-CLR to (NP 35 hours)) (PP-CLR from (NP the present 37)))))) .)) (TOP (SINV (NP-TMP Last week) came (NP-SBJ (NP news) (PP of (NP (NP alarm) (PP-LOC in (NP Venice)) (PP over (NP a plan (S (NP-SBJ *) (VP to (VP tap (NP (NP gas fields) (ADVP-LOC off (NP (NP the city 's) coast))))))))))) .)) (TOP (SINV (ADVP-TMP Now) comes (NP-SBJ word (SBAR *ICH*-2)) (PP-DIR from (NP a scientist)) (SBAR-2 that (S (PP-TMP over (NP the next century)) (NP-SBJ Venice) (VP will (VP sink (ADVP (ADVP (QP nearly three times) faster) (PP than (NP the present rate))) (PP-PRP because of (NP the `` greenhouse effect)))))) . '')) (TOP (S `` (S-TPC-2 (NP-SBJ Global warming) (VP means (NP (NP higher tides) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP lower (NP Venice) (PP-EXT by (NP (QP another 23) inches)) (PP-TMP in (NP the next 100 years))))))))) , '' (NP-SBJ (NP Giovanni Cecconi) (PP of (NP the the New Venice Consortium))) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ-1 (NP The consortium) (PP of (NP scientists and companies))) (VP was (VP set (NP *-1) (PRT up) (PP by (NP-LGS Italy)) (S-PRP (NP-SBJ-2 *-1) (VP to (VP help (S (NP-SBJ *-2) (VP preserve (NP (NP the fabled city) (PP of (NP canals)))))))))) .)) (TOP (S (NP-SBJ Venice) (VP has (VP sunk (NP-EXT 10 inches) (PP-TMP in (NP this century)))) .)) (TOP (S (NP-SBJ (NP West Germany 's) Quelle) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP establish (NP a mail-order operation) (PP with (NP two local partners)) (PP-LOC in (NP the Soviet Union)) (NP-TMP next year)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Saying (SBAR 0 (S (NP-SBJ this) (VP is (NP-PRD (NP a first) (PP for (NP a Western company)))))))) , (NP-SBJ-1 (NP West Germany 's) largest mail-order group) (VP said (SBAR 0 (S (NP-SBJ-2 the (ADJP newly established) Moscow-based Intermoda company) (VP is (VP scheduled (S (NP-SBJ *-2) (VP to (VP begin (NP operations) (PP-TMP in (NP February 1990)))))))))) .)) (TOP (S (NP-SBJ Intermoda) (VP will (ADVP-TMP initially) (ADVP only) (VP send (NP (NP the textile and clothing section) (PP of (NP (NP the Quelle catalog) , (VP translated (NP *) (PP-CLR into (NP Russian))) ,))) (PP-DTV to (NP (NP Soviet customers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (NP (NP access) (PP to (NP convertible currency)))))))))) .)) (TOP (S (NP-SBJ The European Community Commission) (VP has (VP imposed (NP provisional anti-dumping duties) (PP-CLR on (NP (NP imports) (PP of (NP (ADJP South Korean) small-screen color-television sets)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Saying (SBAR that (S (NP-SBJ (NP a surge) (PP-LOC in (NP low-priced imports))) (VP (VP had (VP damaged (NP (NP EC producers ') profits))) and (VP led (PP-CLR to (NP job losses)))))))) , (NP-SBJ-1 the commission) (VP (VP imposed (NP-2 (NP a duty) (PP of (NP-4 10.2 %))) (PP-CLR-3 on (NP (NP TVs) (VP made (NP *) (PP by (NP-LGS Daewoo)))))) , (VP (NP=2 (NP a duty) (PP of (NP 12.3 %))) (PP-CLR=3 on (NP Goldstar Co.))) , (VP (NP=4 13 %) (PP-CLR=3 on (NP Samsung))) and (VP (NP=4 19.6 %) (PP-CLR=3 on (NP (NP TVs) (VP made (NP *) (PP by (NP-LGS other (ADJP South Korean) producers))))))) .)) (TOP (S (NP-SBJ The commission) (VP said (SBAR that (S (NP-SBJ EC television producers) (VP (VP lost `` (NP important market shares) '') and (VP suffered (NP (NP an `` unsustainable '' pressure) (PP on (NP prices)))) (PP-PRP because of (NP (NP (NP the Korean companies ') marketing and pricing policies) , (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ *T*-1) (VP were `` (PP-PRD in (NP (NP clear violation) '' (PP of (NP international trade rules)))))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP other news) (VP concerning (NP (NP South Korea 's) television industry)))) , (NP-SBJ Samsung) (VP signed (NP (NP an agreement (S *ICH*-1)) (PP with (NP (NP Soyuz) , (NP (NP the external-trade organization) (PP of (NP the Soviet Union))) ,)) (S-1 (NP-SBJ *) (VP to (VP swap (NP Korean (NX (NX television sets) and (NX videocassette recorders))) (PP-CLR for (NP (NP pig iron) (PP from (NP the Soviet Union))))))))) .)) (TOP (S (NP-SBJ (NP South Korea) and (NP the Soviet Union)) (VP (VP have (NP no diplomatic relations)) but (VP exchanged (NP trade offices) (NP-TMP earlier this year))) .)) (TOP (S (NP-SBJ (NP Sri Lanka) , (SBAR (WHADVP-1 where) (S (NP-SBJ (QP more than 15,000) people) (VP have (VP died (PP-TMP in (NP (NP six years) (PP of (NP ethnic turmoil)))) (ADVP-LOC *T*-1))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP ban (NP sex and violence) (PP-CLR from (NP state-owned television)) (NP-TMP next year)))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP Many programs) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP have (NP *T*-1) (ADVP-TMP now))))) (VP (VP come (PP-DIR from (NP the West))) and (VP are not (ADJP-PRD suitable (PP to (NP our culture)))))) , '' (NP-SBJ a government minister) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ A star attraction) (PP-LOC on (NP the national network)) (VP is (NP-PRD (NP the U.S. 's) `` (NX-TTL Dynasty))) . '' ...)) (TOP (S (NP-SBJ (NP A poll) (PP of (NP South Koreans))) (VP showed (NP (NP overwhelming opposition) (PP to (NP efforts (S (NP-SBJ *) (VP to (VP curb (NP dog-meat consumption) (SBAR-PRP just because (S (NP-SBJ it) (VP offends (NP foreigners))))))))))) .)) (TOP (S (NP-SBJ Broad Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP doubled (NP its regular quarterly dividend) (PP-DIR (PP (PP to (NP (NP five cents) (NP-ADV a share))) (PP from (NP (NP 2.5 cents) (PP-LOC on (NP common))))) , and (PP to (NP (NP (NP 4.5 cents) (NP-ADV a share)) (NP (NP 2.25 cents) (PP on (NP Class B stock))) , (ADJP payable (NP-TMP Nov. 10) (PP to (NP (NP holders) (PP of (NP record)) (NP-TMP Nov. 6))))))))))) .)) (TOP (S (NP-SBJ The financial services company) (VP emerged (PP-DIR from (NP (NP the restructuring) (PP of (NP (NP Kaufman & Broad , Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP spun (PRT off) (NP its home-building subsidiary) (PP-CLR into (NP Kaufman & Broad Home Corp.)) (NP-TMP earlier this year)) and (VP changed (NP its name) (PP-CLR to (NP Broad Inc))))))))))) .)) (TOP (S (PP-TMP For (NP (NP the 10-month fiscal year) (VP ended (NP-TMP Sept. 30)))) , (NP-SBJ Chairman Eli Broad) (VP said (SBAR 0 (S (NP-SBJ he) (VP expected (S (NP-SBJ earnings results) (VP to (VP approximate (NP (NP (NP analysts ') estimates) , (SBAR (WHNP-1 which) (S (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-2 *T*-1) (VP have (VP been (VP revised (NP *-2) (ADVP-CLR upward) (PP-DIR to (NP (NP 80 cents) (NP-ADV a share))))))))))))))))))) .)) (TOP (S (NP-SBJ This) (VP would (VP compare (PP-CLR with (NP (NP an estimated loss) (PP of (NP (NP 3 cents) (NP-ADV a share))) (PP for (NP (NP (NP the comparable 10 months) (NP-TMP last year)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP included (NP restructuring costs)))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ this battle) (VP were (NP-PRD a movie)))) , (NP-SBJ the producers) (VP would (VP be (VP fighting (PP-CLR over (NP (NP two scripts) (PP with (NP (NP nothing) (PP but (NP an opening scene)) (PP in (NP common))))))))) .)) (TOP (S (PP-LOC In (NP the opener)) , (NP-SBJ-1 Sony Corp.) (VP would (VP agree (S (NP-SBJ *-1) (VP to (VP buy (NP Columbia Pictures Entertainment Inc.) (PP-LOC in (NP (NP a transaction) (VP valued (NP *) (PP-CLR at (NP (QP close to $ 5 billion) *U*)))))))))) .)) (TOP (S (PP-TMP (ADVP Shortly) after (NP that)) , (NP-SBJ-1 Sony) (VP would (VP (VP offer (S (NP-SBJ *-1) (VP to (VP buy (NP Guber-Peters Entertainment Co.) (PP-CLR for (NP (QP $ 200 million) *U*)))))) and (VP offer (NP (NP its co-chairmen) , (NP (NP Peter Guber) and (NP Jon Peters)) ,) (NP the chance (S (NP-SBJ *) (VP to (VP run (NP Columbia)))))))) .)) (TOP (S (NP-SBJ Mr. Peters) (VP would (VP fly (PP-DIR to (NP New York)) (PP with (NP (NP the intention) (PP of (S-NOM (NP-SBJ *) (VP telling (NP Warner Communications Inc. Chairman Steven J. Ross) (SBAR that (S (NP-SBJ-1 Guber-Peters) (VP planned (S (NP-SBJ *-1) (VP to (VP end (NP its five-year contract (S (NP-SBJ *) (VP to (VP produce (NP movies) (PP-CLR (ADVP exclusively) for (NP Warner))))))))))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-LOC-PRD (WHADVP-1 where) (S (NP-SBJ the two scripts) (VP would (VP diverge (ADVP-LOC *T*-1)))))) .)) (TOP (S (PP-LOC In (NP (NP affidavits) (VP filed (NP *) (PP-LOC-CLR in (NP Los Angeles Superior Court)) (PP in (NP (NP connection) (PP with (NP (NP the (ADJP (QP $ 1 billion) *U*) breach-of-contract suit) (SBAR (WHNP-1 0) (S (NP-SBJ Warner) (VP brought (NP *T*-1) (PP-CLR against (NP-2 Sony)) (PP for (S-NOM (NP-SBJ *-2) (VP hiring (NP the two producers)))))))))))))) , (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP tell (NP one story)) .)) (TOP (S (NP-SBJ Warner) (VP tells (NP another)) .)) (TOP (S (PP-LOC In (NP the affidavits)) , (NP-SBJ Mr. Peters) (VP says (SBAR 0 (S (NP-SBJ he) (VP was `` (ADJP-PRD shocked) '' (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Mr. Ross) (VP (VP refused (NP a meeting)) and (VP made (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (ADJP-PRD clear) (SBAR-2 0 (S (NP-SBJ he) (VP would (VP stop (NP them))))))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ Mr. Peters) (VP claims (SBAR 0 (S (NP-SBJ he) (VP reminded (NP Mr. Ross) (SBAR that (S (NP-SBJ (NP (NP Robert Daly) and (NP Terry Semel)) , (NP (NP the top executives) (PP of (NP the Warner Brothers studio))) ,) (VP had `` (ADVP-TMP repeatedly) (VP agreed (SBAR that (S (NP-SBJ we) (VP had (NP every right (S (NP-SBJ *) (VP to (VP accept '' (NP (NP an offer) (PP such as (NP Sony 's)))))))))))))))))) .)) (TOP (S-1 (PP In (NP response)) (PRN , (S (NP-SBJ Mr. Peters) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ Mr. Ross) (VP (VP referred (PP-CLR to (NP (NP his colleagues) (PP-LOC at (NP Warner)))) (PP-CLR with (NP an `` obscenity ''))) and (VP said : `` (S (NP-SBJ *) (VP Tell (NP them) (SBAR that (S (NP-SBJ they) (VP do n't (VP have (NP a job))))))))) .)) (TOP (S (NP-SBJ You) (VP can (VP take (NP them) (PP with (NP you)))) . '')) (TOP (S (NP-SBJ Warner) (VP (VP denies (SBAR 0 (S (NP-SBJ Mr. Ross) (ADVP-TMP ever) (VP said (NP any such thing))))) , and (VP (PRN , (PP in (NP fact)) ,) denies (NP (NP virtually everything) (SBAR (WHNP-1 0) (S (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP say (NP *T*-1) (PP-LOC in (NP their affidavits)))))))) .)) (TOP (S (S-TPC-2 (NP-TMP Tomorrow) , (NP-SBJ Warner) (VP will (VP file (NP (NP another batch) (PP of (NP (NP documents) (VP contending (SBAR that `` (S (NP-SBJ (NP the essence) (PP of (NP (NP everything) (SBAR (WHNP-1 0) (S (NP-SBJ these guys) (VP are (VP saying (NP *T*-1)))))))) (VP is (ADVP basically) (NP-PRD lies))))))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP (NP Warner 's) chief outside counsel) , (NP Stuart Rabinowitz)) .)) (TOP (S (NP-TMP Thursday) , (NP-SBJ-1 a judge) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP rule (PP-CLR on (NP (NP (NP Warner 's) motion) (VP seeking (S (NP-SBJ *) (VP to (VP block (NP-2 the Guber-Peters duo) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP going (PP-DIR to (NP Columbia)))))))))))))))) .)) (TOP (S (NP-SBJ (NP The battery) (PP of (NP (NP legal documents) (VP filed (NP *) (PP-TMP in (NP the past week)) (PP in (NP (NP connection) (PP with (NP the suit)))))))) (VP provide (NP (NP a peek) (PP into (NP (NP the inner workings) (PP of (NP this Hollywood dogfight)))))) .)) (TOP (S But (NP-SBJ they) (ADVP also) (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD clear) (SBAR-1 that (S (NP-SBJ (NP the first thing) (SBAR (WHNP-3 0) (S (NP-SBJ-2 a judge) (VP will (VP have (S (NP-SBJ *-2) (VP to (VP decide (NP *T*-3))))))))) (VP is (NP-PRD (SBAR-NOM (WHNP-4 (WHNP which (PRN , (PP if (NP any)) ,) version) (PP of (NP (NP events) (PP-LOC in (NP this morass))))) (S (NP-SBJ *T*-4) (VP is (NP-PRD fiction)))) , and (SBAR-NOM (WHNP-5 which) (S (NP-SBJ *T*-5) (NP-PRD fact))))))))) .)) (TOP (S (NP-SBJ-1 The matter) (VP may (ADVP-TMP never) (ADVP even) (VP be (VP tried (NP *-1) (PP-LOC in (NP court))))) .)) (TOP (S (S (NP-SBJ Warner) (VP says (SBAR that (S (SBAR-NOM-SBJ (WHNP-2 what) (S (NP-SBJ it) (ADVP really) (VP wants (NP *T*-2)))) (VP is (SBAR-PRD for (S (NP-SBJ the producers) (VP to (VP fulfill (NP their contractual obligations)))))))))) , but (S (NP-SBJ (NP (NP the bitterness) (PP of (NP this battle))) and (NP (NP the accusations) (VP flying (PP-LOC on (NP both sides))))) (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-3)) (ADJP-PRD unlikely) (SBAR-3 that (S (NP-SBJ-1 (NP the decade-long relationship) (PP between (NP (NP Warner) and (NP its two most prolific producers)))) (VP can (ADVP-TMP ever) (VP be (VP repaired (NP *-1))))))))) .)) (TOP (S (NP-SBJ (NP Warner) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (PP-PRD in (NP (NP the process) (PP of (S-NOM (NP-SBJ *) (VP merging (PP-CLR with (NP Time Warner Inc.)))))))))) ,) (VP says (SBAR 0 (S (NP-SBJ-2 it) (VP is (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP settle (NP the matter) (PP-LOC out (PP of (NP court))))))))))) .)) (TOP (S (ADVP-TMP So far) , (ADVP however) , (NP-SBJ-1 Sony) (VP has n't (VP been (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP meet (NP its considerable financial demands))))))) .)) (TOP (S (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP do n't (VP have (NP (NP much) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP gain (NP *T*-1) (PP-CLR from (NP a protracted battle))))))))) .)) (TOP (S (NP-SBJ-1 Sony) , (PP for (NP its part)) , (VP could (VP decide (SBAR that (S (NP-SBJ (NP the cost) (PP of (NP a (NX (NX Warner settlement) or (NX court fight))))) (VP is (ADJP-PRD too high)))) , (S-ADV (NP-SBJ-2 *-1) (VP choosing (ADVP instead) (S (NP-SBJ *-2) (VP to (VP find (NP (NP someone else) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP run (NP Columbia))))))))) , (SBAR-ADV although (S (NP-SBJ that) (ADVP too) (VP would (VP be (ADJP-PRD costly) (PP given (NP (NP the financial arrangement) (VP (ADVP-TMP already) guaranteed (NP *) (PP-CLR to (NP (NP Mr. Guber) and (NP Mr. Peters)))))))))))))) .)) (TOP (S (PP-LOC In (NP that case)) , (S (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP might not (VP suffer (ADVP-MNR financially)))) , but (S (NP-SBJ-1 they) (VP would (VP be (VP left (NP *-1) (PP-CLR (PP without (NP (NP their dream job) (PP of (S-NOM (NP-SBJ *) (VP running (NP a studio)))))) and (PP with (NP (NP a considerably scarred relationship) (PP with (NP Warner))))))))) .)) (TOP (S (SINV (PP-LOC-PRD-TPC-1 At (NP (NP the center) (PP of (NP any court fight)))) (VP will (VP be (PP-LOC-PRD *T*-1))) (NP-SBJ (NP the differing interpretations) (PP of (NP (NP the written contract) (PP between (NP (NP Warner) and (NP the two producers))))))) , but (S (NP-SBJ other murkier issues) (VP will (VP play (NP a big role)))) .)) (TOP (S (NP-SBJ (NP Sony) and (NP the Guber-Peters team)) (VP are (VP hanging (NP (NP much) (PP of (NP their case))) (PP-CLR (PP on (NP (NP (NP Warner 's) willingness (S *ICH*-2)) (NP-TMP last year) (S-2 (NP-SBJ *) (VP to (VP release (NP the producers) (PP-CLR from (NP another contract))))))) and (PP on (NP (NP an oral agreement) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP say (SBAR 0 (S (NP-SBJ *T*-1) (VP allowed (S (NP-SBJ them) (VP to (VP terminate (NP the current written contract) (SBAR-ADV if (S (NP-SBJ the opportunity (S (NP-SBJ *) (VP to (VP run (NP a major studio))))) (VP came (PRT up)))))))))))))))))) .)) (TOP (S (NP-SBJ Warner) (VP (VP denies (SBAR 0 (S (NP-SBJ-1 such an agreement) (VP was (VP made (NP *-1)))))) , and (VP disputes (NP (NP the Guber-Peters version) (PP of (NP (NP (ADJP virtually every) (NX (NX telephone call) and (NX meeting))) (SBAR (WHNP-2 0) (S (NP-SBJ the two sides) (VP had (NP *T*-2) (PP on (NP the matter)))))))))) .)) (TOP (S (SBAR-SBJ (WHADJP-1 Just how rancorous) (S (NP-SBJ the relationship) (VP has (VP become (ADJP-PRD *T*-1))))) (VP is (ADJP-PRD clear) (PP from (NP (NP the differing versions) (PP of (NP (NP the two sides ') current business dealings))))) .)) (TOP (S (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP say (PP-LOC in (NP their affidavits)) (SBAR that (S (NP-SBJ-1 Warner) (ADVP-TMP already) (VP is (VP taking (NP steps) (S-PRP (NP-SBJ *-1) (VP to (VP freeze (NP-CLR them) (PP-CLR out (PP of (NP (NP (NP their projects) (PP-LOC at (NP Warner))) , (ADVP notably) (NP (NP the Sylvester Stallone film) `` (NP-TTL Tango and Cash))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Peters) (VP says (PP-LOC in (NP his affidavit)) (SBAR that (S (NP-SBJ-1 (NP the movie 's) staff) (VP was (VP told (NP *-1) (NP-TMP last week) (SBAR (SBAR that (S (NP-SBJ Warner) (VP was `` (VP taking (PRT over) '' (NP the picture))))) , and (SBAR 0 (S (NP-SBJ another producer) (VP would (VP be (VP giving (NP (NP all) (PP of (NP the orders)))))))))))))) .)) (TOP (S-3 (PP Over (NP his objections)) (PRN , (S (NP-SBJ Mr. Peters) (VP says (SBAR 0 (S *T*-3)))) ,) (S (NP-SBJ-1 (NP the film 's) release date) (VP was (VP moved (NP *-1) (PRT up) `` (PP-MNR by (NP many months)) '' (PP-DIR to (NP December))))) , and (S (NP-SBJ-2 (NP plans) (PP for (NP (NP a soundtrack) `` (ADJP worth (NP (NP millions) (PP of (NP dollars)))) ''))) (VP were (VP dropped (NP *-2)))) .)) (TOP (S (NP-SBJ (NP Hubert de la Bouillaire) , (NP (NP an editor) (PP on (NP the film))) ,) (VP backs (NP Mr. Peters) (PP-LOC in (NP a separate sworn declaration))) .)) (TOP (S (NP-SBJ Mr. de la Bouillaire) (VP says (SBAR 0 (S (NP-SBJ Warner Brothers production president Mark Canton) (VP (VP called (NP him) (NP-TMP Oct. 19)) and (VP said (SBAR 0 (S (NP-SBJ Mr. Peters) (VP is `` (PP-PRD off (NP the picture)))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ he) (VP calls (NP you) (PRT up)))) , (NP-SBJ *) (ADVP just) (VP tell (NP him) (SBAR 0 (S (NP-SBJ everything) (VP is (ADJP-PRD fine))))) . '')) (TOP (S (NP-SBJ The editor) (ADVP also) (VP says (SBAR 0 (S (NP-SBJ (NP (NP the new producer) (PP on (NP the film))) , (NP Bruce Baird) ,) (VP told (NP-1 editors) (S (NP-SBJ-2 *-1) (VP to (VP screen (NP the picture) (PP without (S-NOM (NP-SBJ *-2) (VP telling (NP (NP stars (NX (NX Sylvester Stallone) and (NX Kurt Russell))) or (NP Mr. Peters)))))))))))) .)) (TOP (S `` (SBAR-ADV (X The less) (S (NP-SBJ they) (VP know (NP *?*)))) , (X the easier) (NP-SBJ it) (VP is (ADJP-PRD *?*) (PP for (NP us))) .)) (TOP (S (S-TPC-2 (SBAR-ADV If (S (NP-SBJ someone) (VP asks))) , (NP-SBJ *) (ADVP just) (VP (VP lie) and (VP tell (NP them) (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP be (VP done (NP *-1))))))))) , '' (NP-SBJ Mr. de la Bouillaire) (VP says (SBAR 0 (S (NP-SBJ Mr. Baird) (VP told (NP them) (S *T*-2))))) .)) (TOP (S-1 (NP-SBJ That) (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Warner 's) Mr. Rabinowitz)) ,) (VP is `` (NP-PRD a total (ADJP 100 %) lie)) . '')) (TOP (S-1 (NP-SBJ The movie) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (VP is (PP-LOC-PRD in (NP (NP its post-production stages) (PP of `` (S-NOM (NP-SBJ *) (VP cleaning (PRT up) (NP the film))))))) . '')) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ-1 (NP Mr. Peters) and (NP Mr. Guber)) , (PP as (NP (NP the contractual producers) (PP with (NP consultation rights)))) , (VP have (VP been (VP invited (NP-2 *-1) (UCP (PP-CLR to (NP screenings)) and (S (NP-SBJ *-2) (VP to (VP give (NP (NP their input) (PP on (NP the film))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Dozens) (PP of (NP Guber-Peters staffers))) (VP are (ADVP-TMP still) (VP (VP working (PP-LOC on (NP the Warner lot))) and (VP consulting (PP-CLR on (NP various projects)) (PP-TMP on (NP a `` daily basis)))))) , '' (NP-SBJ the attorney) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Mr. Guber) , (PP-LOC in (NP his affidavit)) , (VP says (SBAR that (S (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ he) (VP advised (NP Warner President Terry Semel) (PP-CLR of (NP the Sony offer)) (PP-LOC at (NP lunch)) (PP-TMP on (NP Sept. 25)) (ADVP-TMP *T*-3)))) , (NP-SBJ Mr. Semel) `` (VP (VP hugged and congratulated (NP me)) , and (VP expressed (NP joy (SBAR that (S (NP-SBJ we) (VP had (ADVP-TMP finally) (VP realized (NP (NP our long-term ambition) (PP of (S-NOM (NP-SBJ *) (VP (VP running (NP *RNR*-1)) and (VP having (NP (NP an equity position) (PP-LOC in (NP *RNR*-1)))) (NP-1 a major entertainment company))))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Guber) (VP says (SBAR 0 (S (NP-SBJ he) (VP brought (PP-CLR to (NP lunch)) (NP (NP a release document) (SBAR (WHNP-1 0) (S (NP-SBJ Warner) (VP had (VP agreed (PP to (NP *T*-1)) (PP-TMP in (NP (NP 1988) , (SBAR (WHADVP-3 when) (S (NP-SBJ (NP he) and (NP Mr. Peters)) (VP made (NP an aborted bid (S (NP-SBJ-2 *) (VP to (VP buy (NP (NP part) (PP of (NP MGM/UA Entertainment Co.))) (S-PRP (NP-SBJ *-2) (VP to (VP run (NP the MGM studio)))))))) (ADVP-TMP *T*-3))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Guber) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP had (VP (VP crossed (PRT out) `` (NP MGM) '' (PP-MNR with (NP a red pen))) and (VP written (PRT in) `` (NP Columbia)) , '' (S-ADV (NP-SBJ *-1) (VP giving (NP the document) (PP-DTV to (NP Mr. Semel))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Mr. Semel) (VP said (NP (NP absolutely nothing) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP indicate (SBAR 0 (S (NP-SBJ Warner) (VP would (VP have (NP (NP any objection) (PP to (S-NOM (NP-SBJ our) (VP assuming (NP management positions) (PP-LOC at (NP Columbia))))))))))))))))) , '' (NP-SBJ Mr. Guber) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Semel) , (PP-LOC in (NP his affidavit)) , (VP does n't (VP mention (NP any hugging or congratulating))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ he) (VP told (NP Mr. Guber) (SBAR (SBAR 0 (S (NP-SBJ he) (VP could n't (VP sign (NP any documents))))) and (SBAR that `` (S (NP-SBJ-1 the deal) , (SBAR-ADV although (S (NP-SBJ *-1) (ADVP apparently) (NP-PRD (NP a good one) (PP for (NP (NP him) and (NP Mr. Peters)))))) , (VP would (VP have (NP (NP a very negative impact) (PP on (NP Warner)))))))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR (SBAR 0 (S (NP-SBJ he) (VP would (VP contact (NP (NP Mr. Ross) and (NP Warner Brothers Chairman Robert Daly)))))) and (SBAR that , (S (PP-LOC in (NP a conference call)) , (NP-SBJ the three) (VP agreed (SBAR 0 (S (NP-SBJ they) (VP could n't (VP let (S (NP-SBJ the producers) (ADVP-PRD out (PP of (NP their contract)))) ))))))))) .)) (TOP (S (NP-SBJ Mr. Ross) , (PP-LOC in (NP his own affidavit)) , (VP says (SBAR 0 (S (NP-SBJ (NP he) and (NP Mr. Daly)) (VP instructed (NP-1 Mr. Semel) (S (NP-SBJ *-1) (VP to (VP tell (NP the producers) (SBAR 0 (S (NP-SBJ Warner) (VP would n't (VP terminate (NP their agreement)))))))))))) .)) (TOP (S (NP-SBJ Mr. Guber) (VP says (SBAR (SBAR that (S (NP-SBJ Mr. Semel) (VP did (VP convey (NP that information))))) and (SBAR that (S (NP-SBJ-3 Mr. Semel) (VP said (SBAR 0 (S (NP-SBJ Mr. Ross) (VP was `` (ADJP-PRD crazy) (PP-PRP because of (NP the Time deal))))) , '' (S-ADV-2 (NP-SBJ *-3) (VP meaning (PRN , (S (NP-SBJ Mr. Guber) (VP says (S *T*-2))) ,) (SBAR that (S (NP-SBJ-1 Mr. Ross) `` (VP did not (VP want (S (NP-SBJ *-1) (VP to (VP communicate (PP-CLR to (NP (NP his new merger partner) , (NP Time Inc.) ,)) (SBAR that (S (NP-SBJ (NP Warner 's) agreements) (VP provided (PP-CLR for (NP our departure)) (PP-LOC under (NP these circumstances))))))))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Guber) (ADVP also) (VP says (PP-LOC in (NP his affidavit)) (SBAR that (S (NP-SBJ Mr. Daly) `` (VP told (NP us) (SBAR (SBAR that (S (SBAR-ADV even if (S (NP-SBJ Sony) (VP did not (VP want (NP us))))) , (NP-SBJ-1 (NP (NP Warner 's) relationship) (PP with (NP us))) (ADVP-TMP already) (VP was (VP (ADVP-MNR irreparably) damaged (NP *-1))))) , (SBAR that (S (NP-SBJ there) (VP was (NP-PRD (NP no way) ` (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP put (NP the egg) (ADVP-PUT together) (ADVP-MNR *T*-2))))))))) , ' and (SBAR that (S (NP-SBJ it) (VP would (VP sue (NP Sony) (PP for (NP (NP tons) (PP of (NP money))))))))))))) . '')) (TOP (S-1 (ADVP Moreover) (PRN , (NP-SBJ Mr. Guber) (VP claims (SBAR 0 (S *T*-1))) ,) (NP-SBJ Mr. Semel) (VP told (NP him) (SBAR that (S (NP-SBJ Mr. Ross) (ADVP probably) (VP would n't (VP object `` (SBAR-ADV if (S (NP-SBJ it) (VP were (NP-PRD (NP anybody) (ADJP (ADJP other) (PP than (NP Sony)))))))))))) .)) (TOP (S But (NP-SBJ Sony) (VP is (NP-PRD a problem)) . '')) (TOP (S (NP-SBJ The Guber-Peters side) (VP has (VP said (SBAR 0 (S (NP-SBJ Warner) (VP is (ADVP particularly) (VP concerned (PP-CLR about (NP (NP the prospect) (PP of (NP (NP a huge Japanese company) (VP controlling (NP (NP important segments) (PP of (NP the U.S. entertainment business)))))))))))))) .)) (TOP (S (NP-SBJ (NP Some) (PP-LOC in (NP Hollywood))) (VP suggest (SBAR 0 (S (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP took (NP (NP encouragement) (PP from (NP (NP Warner studio executives) (PP such as (NP (NP Mr. Semel) and (NP Mr. Canton)))))) (ADVP-MNR too literally))))) .)) (TOP (S (PP According (PP to (NP this theory))) , (NP-SBJ-2 Warner executives) , (S-ADV (NP-SBJ-1 *-2) (VP hoping (S (NP-SBJ *-1) (VP to (VP strengthen (NP (NP their relationships) (PP with (NP the producers)))))))) , (VP encouraged (NP (NP Mr. Guber) and (NP Mr. Peters)) (PP-CLR in (NP their ambitions (S (NP-SBJ *) (VP to (VP build (NP a major entertainment company))))))) .)) (TOP (S But (NP-SBJ-1 the Warner executives) (PP-LOC in (NP their affidavits)) (VP deny (S (NP-SBJ *-1) (ADVP-TMP ever) (VP telling (NP the producers) (SBAR 0 (S (NP-SBJ they) (VP could (VP get (PP-CLR out (PP of (NP their written contract)))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Rabinowitz) , (NP the Warner attorney) ,) (VP says (SBAR 0 (S (NP-SBJ the studio) (ADVP-TMP still) (VP wants (S (NP-SBJ the producers) (VP to (VP (VP come (ADVP-CLR back)) and (VP fulfill (NP their contract))))))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ They) (VP are (PP-PRD like (NP a mini-studio)))) ; (S (NP-SBJ they) (VP have (NP (NP 50 projects) (PP *ICH*-1)) (PP-CLR in (NP development)) (PP-1 for (NP Warner))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S But (NP-SBJ Mr. Guber) (VP indicates (PP-LOC in (NP his affidavit)) (SBAR that (S (NP-SBJ-1 (NP not all) (PP of (NP the projects))) (VP will (VP be (VP used (NP *-1))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ he) (VP says (SBAR that (S (S (PP-TMP since (NP 1985)) , (NP-SBJ (NP he) and (NP Mr. Peters)) (VP have (VP developed (NP (QP over 85) movie projects)))) , and (S (NP-SBJ Warner) (VP has (VP `` (VP passed (NP *RNR*-1)) '' or (VP chosen (S (NP-SBJ *) not (VP to (VP produce (NP *RNR*-1))))) (NP-1 (QP at least 76)))))))) .)) (TOP (S-1 (PP As for (NP (NP the projects) (VP remaining (PP-LOC-CLR at (NP Warner))))) (PRN , (S (NP-SBJ Mr. Guber) (VP says (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ Mr. Semel) (VP informed (NP me) (SBAR that (S (NP-SBJ (NP Warner 's) producers) (VP have (ADVP-TMP already) (VP started (NP (NP a ` feeding frenzy ') (PP for (NP our projects)))))))) .)) (TOP (S (NP-SBJ E.W. Scripps Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP acquired (NP (NP a Georgia cable television company) and (NP a Massachusetts publishing firm))))))) .)) (TOP (S (NP-SBJ-1 (NP Terms) (PP on (NP both deals))) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ The media company) (VP said (SBAR 0 (S (NP-SBJ it) (VP purchased (NP (NP Cable USA Inc.) , (NP (NP a (ADJP privately held) cable television system) (PP-LOC in (NP (NP (NP Carroll County) , (NP Ga.)) , (NP (NP a suburb) (PP of (NP Atlanta))))))))))) .)) (TOP (S (NP-SBJ The system) (VP (VP is (ADVP-TMP still) (PP-LOC-PRD under (NP construction))) and (VP will (VP serve (NP (NP a market) (PP of (NP 7,600 homes)))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP has (VP acquired (NP (NP Sundance Publishers and Distributors Inc.) , (NP (NP a (ADJP family owned) producer and distributor) (PP of (NP educational materials)) (PP-LOC in (NP (NP Littleton) , (NP Mass))))))) .)) (TOP (S (PP Despite (NP (NP (NP politicians ') hand-wringing) (PP about (NP the federal budget)))) , (NP-SBJ the government) (VP ended (NP fiscal 1989) (PP with (NP (NP a (ADJP (QP $ 152.08 billion) *U*) deficit) , (NP (NP about the same) (PP as (NP the two previous years)))))) .)) (TOP (S (ADVP Even) (NP-SBJ White House budget director Richard Darman) (VP had (NP (NP trouble) (S-NOM (NP-SBJ *) (VP finding (NP a silver lining) (PP-LOC-CLR in (NP the report)))))) .)) (TOP (S-2 `` (S (NP-SBJ I) (VP suppose (SBAR 0 (S (NP-SBJ you) (VP could (VP say (SBAR 0 (S (NP-SBJ the good news) (VP is (SBAR-PRD that (S (NP-SBJ the deficits) (VP are not (VP heading (ADVP-DIR up)))))))))))))) (PRN , '' (S (NP-SBJ he) (VP said (S *T*-2))) ,) `` but (S (NP-SBJ-1 you) (VP ca n't (VP be (VP satisfied (NP *-1) (PP-CLR with (NP (NP deficits) (PP-LOC at (NP this level)))))))) and (S (NP-SBJ we) (VP 're not (VP *?*))) . '')) (TOP (S (NP-SBJ The federal deficit) (VP (VP was (NP-PRD-1 (QP $ 155.15 billion) *U*) (PP-TMP-2 in (NP 1988))) and (VP (NP-PRD=1 (QP $ 149.69 billion) *U*) (PP-TMP=2 in (NP 1987)))) .)) (TOP (S (NP-SBJ The 1989 deficit) (VP would (VP have (VP been (ADJP-PRD (NP-ADV (QP nearly $ 10 billion) *U*) larger) (SBAR-ADV (SINV had (NP-SBJ-1 the government) (VP been (ADJP-PRD able (S (NP-SBJ-2 *-1) (VP to (VP spend (NP (NP as much) (SBAR as (S (NP-SBJ Congress) (VP intended (S *?*))))) (PP-CLR on (S-NOM (NP-SBJ *-2) (VP cleaning (PRT up) (NP the thrift industry)))) (SBAR-TMP before (S (NP-SBJ the year) (VP ended (PP-TMP on (NP Sept. 30))))))))))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ the Resolution Trust Corp .) (VP could n't (VP spend (NP the money) (ADVP-MNR fast enough))))) , (NP-SBJ-1 the savings-and-loan outlays) (VP were (VP pushed (NP *-1) (PP-CLR into (NP fiscal 1990)))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ the 1989 deficit) (ADVP-TMP still) (VP exceeded (NP (NP the (ADJP (QP $ 136 billion) *U*) target) (VP set (NP *) (PP by (NP-LGS the Gramm-Rudman deficit-reduction law)))) (PP-CLR by (NP (QP $ 16 billion) *U*)) , (NP-ADV (NP a reminder) (PP of (NP (NP that law 's) shortcomings)))) .)) (TOP (S (NP-SBJ The law) (VP sets (NP (NP a deficit target) (PP of (NP (QP $ 100 billion) *U*)) (PP for (NP fiscal 1990)))) .)) (TOP (S (NP-SBJ-1 (NP A partisan fight) (PP over (S-NOM (NP-SBJ *) (VP cutting (NP capital-gains taxes))))) (VP has (VP slowed (NP (NP the progress) (PP of (NP 1990 deficit-reduction legislation))) (PP-CLR (ADVP almost) to (NP a halt)) , (S-ADV (NP-SBJ *-1) (VP triggering (NP (NP across-the-board spending cuts) (PP-LOC under (NP the Gramm-Rudman law))))))) .)) (TOP (S (NP-SBJ-1 (NP The White House) and (NP (NP the Democratic leadership) (PP-LOC in (NP Congress)))) (VP blame (NP each other) (PP-CLR for (S-NOM (NP-SBJ *-1) (VP turning (NP capital-gains taxes) (PP-CLR into (NP such a divisive issue)) (NP-TMP this year))))) .)) (TOP (S (NP-SBJ Neither side) (VP showed (NP (NP any sign) (PP of (S-NOM (NP-SBJ *) (VP retreating))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Meeting (PP-CLR with (NP reporters)))) (NP-TMP Friday) , (NP-SBJ-2 Mr. Darman) (ADVP again) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP rather (VP live (PP-CLR with (NP across-the-board spending cuts))) than (VP accept (NP (NP a deficit-reduction bill) (PP like (NP (NP the one) (VP passed (NP *) (PP by (NP-LGS the House))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP increase (NP (NP spending) (PP-TMP in (NP future years)))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Underscoring (NP (NP the size) (PP of (NP (NP the deficits) (PP of (NP the past few years))))))) , (NP-SBJ-1 the Treasury report) (VP showed (SBAR that (S (PP-TMP for (NP the first time)) (NP-SBJ (NP (NP interest) (VP paid (NP *) (PP on (NP the public debt)))) -- (NP (QP $ 240.86 billion) *U*) --) (VP exceeded (NP (NP spending) (PP on (NP (NP Social Security) , (NP the (ADJP single largest) government program)))))))) .)) (TOP (S (S-TPC-1 (PP In (NP all)) , (NP-SBJ federal outlays) (VP amounted (PP-CLR to (NP (QP $ 1.143 trillion) *U*)) (PP-TMP in (NP 1989)) , (ADVP up (NP 7.5 %) (PP from (NP-TMP the previous year))))) , (NP-SBJ the Treasury) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Federal revenues) (VP rose (NP-EXT 9 %) (PP-DIR to (NP (QP $ 990.79 billion) *U*))) .)) (TOP (S (NP-SBJ The Treasury) (VP said (SBAR 0 (S (NP-SBJ-1 (NP a surge) (PP-LOC in (NP tax receipts)) (VP noted (NP *) (ADVP-TMP earlier (PP in (NP the year))))) (VP did n't (VP turn (PRT out) (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD (ADJP quite as strong) (SBAR as (S (NP-SBJ it) (ADVP-TMP first) (VP appeared (ADJP-PRD *?*))))))))))))) .)) (TOP (S (S (NP-SBJ The Treasury) (VP marked (PRT up) (NP its forecast) (PP-EXT by (NP (QP $ 17 million) *U*)) (PP-TMP in (NP July)))) , but (S (NP-SBJ-1 that) (VP proved (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD (NP-ADV (QP about $ 5 billion) *U*) too optimistic)))))) .)) (TOP (S (NP-SBJ The government) (VP ran (NP (NP a deficit) (PP of (NP (QP $ 6.16 billion) *U*))) (PP-TMP in (NP September)) , (PP compared (PP with (NP (NP a surplus) (PP of (NP (QP $ 10.17 billion) *U*)) (PP-TMP in (NP September 1988)))))) .)) (TOP (S (NP-SBJ (NP Outlays) (PP for (NP the month))) (VP totaled (NP (NP (QP $ 105.39 billion) *U*) , (ADVP up (PP from (NP (QP $ 87.57 billion) *U*) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ The increase) (VP reflects (NP (NP (NP spending) (PP on (NP the S&L rescue))) (CONJP as well as) (NP (NP payroll and Social Security checks) (VP (ADVP normally) issued (NP *) (PP-TMP in (NP October))) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were (VP issued (NP *-1) (PP-TMP in (NP September)) (NP-TMP this year) (SBAR-PRP because (S (NP-SBJ Oct. 1) (VP fell (PP-TMP-CLR on (NP a Sunday)))))))))))) .)) (TOP (S (NP-SBJ Revenues) (VP were (NP-PRD (NP (QP $ 99.23 billion) *U*) , (ADVP up (PP from (NP (QP $ 97.74 billion) *U*) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ CMS Energy Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP would (VP begin (S (NP-SBJ *-1) (VP paying (NP (NP a 10-cent-a-share quarterly dividend) , (NP (NP (NP the company 's) first) (PP-TMP since (NP 1984))))))))))) .)) (TOP (S (NP-SBJ (NP Consumers Power Co.) , (ADVP-TMP now) (NP (NP the main unit) (PP of (NP CMS Energy))) ,) (VP ran (PP-DIR into (NP (NP financial problems) (PP over (NP (NP its (ADJP (QP $ 4.2 billion) *U*) Midland nuclear plant) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP abandoned (NP *-1) (PP-CLR as (NP a nuclear facility)) (PP-TMP in (NP 1984)) (PP-PRP because of (NP (NP construction delays) and (NP high costs)))))))))))) .)) (TOP (S (NP-SBJ-1 CMS) (VP is (ADJP-PRD nearly done) (S-ADV (NP-SBJ *-1) (VP converting (NP the Midland plant) (PP-CLR to (NP a gas-fired cogeneration facility)) (PP at (NP (NP a cost) (PP of (NP (QP $ 600 million) *U*))))))) .)) (TOP (S (NP-SBJ CMS management) (VP said (NP-TMP Thursday) (SBAR that (S (NP-SBJ-1 they) (VP planned (S (NP-SBJ-3 *-1) (VP to (VP recommend (S (NP-SBJ *-3) (VP paying (NP a modest dividend))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP the board) (PP of (NP directors))) (VP met (NP-TMP Friday) (ADVP-TMP *T*-2))))))))))) .)) (TOP (S (NP-SBJ-1 The dividend) (VP will (VP be (VP paid (NP *-1) (NP-TMP Nov. 22) (PP-CLR to (NP (NP shares) (PP of (NP record)) (NP-TMP Nov. 7)))))) .)) (TOP (S (S (NP-SBJ The company) (VP suffered (NP (NP a loss) (PP of (NP (QP $ 270 million) *U*))) (PP-TMP in (NP 1985)))) , but (S (NP-SBJ its financial situation) (VP has (VP been (VP improving (PP-TMP since (NP then)))))) .)) (TOP (S (NP-SBJ Humana Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP receive (NP (NP (QP about $ 27 million) *U*) (PP in (NP (NP federal income-tax refunds) and (NP interest)))) (PP from (NP (NP a court ruling) (PP on (NP a tax dispute))))))))))) .)) (TOP (S (NP-SBJ The health-care company) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ-1 the refund) (VP to (VP be (VP included (NP *-1) (PP-CLR in (NP (NP the first quarter) (VP ending (NP-TMP Nov. 30)))))))))))) .)) (TOP (S (NP-SBJ The refund) (VP is (NP-PRD (QP about $ 9 million) *U*)) .)) (TOP (S (NP-SBJ (NP Accrued interest) (PP on (NP the refund))) (VP was (NP-PRD (QP about $ 18 million) *U*) (PP-TMP as (PP of (NP Oct. 25)))) .)) (TOP (S (NP-SBJ The refund) (VP stems (PP-CLR from (NP (NP a court ruling) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP found (SBAR 0 (S (NP-SBJ (NP certain payments) (PP by (NP Humana subsidiaries)) (PP to (NP its insurance subsidiary)) (PP-TMP during (NP (NP fiscal 1977) (PP through (NP 1979))))) (VP were (ADJP-PRD deductible (PP as (NP (NP premiums) (PP for (NP liability insurance)))))))))))))) .)) (TOP (S (NP-SBJ (NP Polly Peck International Inc. 's) agreement (S (NP-SBJ *) (VP to (VP acquire (NP (NP 51 %) (PP of (NP Sansui Electric Co.))))))) (VP proves (SBAR that (S (NP-SBJ foreign companies) (VP can (VP acquire (NP Japanese companies) -- (SBAR-ADV if (S (NP-SBJ (NP the alternative) (PP for (NP the Japanese company))) (VP is (NP-PRD extinction))))))))) .)) (TOP (S (NP-SBJ (NP Polly Peck) , (NP a fast-growing British conglomerate) ,) (VP will (VP pay (NP (NP (QP 15.6 billion) yen) (PRN -LRB- (NP (QP $ 110 million) *U*) -RRB-)) (PP-CLR for (NP (NP (QP 39 million) new shares) (PP of (NP (NP Sansui) , (NP (NP a well-known maker) (PP of (NP high-fidelity audio equipment)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP failed (S (NP-SBJ *-2) (VP to (VP adjust (PP-CLR to (NP changing market conditions))))))))))))))) .)) (TOP (S (NP-SBJ-1 Japanese government officials) , (S-ADV (NP-SBJ-2 *-1) (ADJP-PRD eager (S (NP-SBJ *-2) (VP to (VP rebut (NP (NP foreign criticism) (PP of (NP (NP Japanese investments) (ADVP-LOC overseas))))))))) , (VP hailed (NP the transaction) (PP-CLR as (NP proof (SBAR 0 (S (NP-SBJ foreigners) (VP can (VP make (NP similar investments) (PP-LOC in (NP Japan))))))))) .)) (TOP (S (NP-SBJ (NP (NP Polly Peck 's) chairman) , (NP Asil Nadir) ,) (VP echoed (NP (NP the official Japanese view) (PP of (NP (NP the accord) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP announced (NP *-1) (NP-TMP Friday))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The myths (SBAR that (S (NP-SBJ Japan) (VP is not (ADJP-PRD open (PP to (NP (NP concerns) (PP from (NP outside))))))))) (VP has (PRN , (S (NP-SBJ I) (VP think (SBAR 0 (S *T*-1)))) ,) (VP been (VP demolished (PP-MNR at (NP a stroke)))))) , '' (NP-SBJ Mr. Nadir) (VP said (S *T*-1)) .)) (TOP (S But (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ Sansui) (VP is (NP-PRD a special case))))) .)) (TOP (S (S (NP-SBJ-1 It) (VP expects (S (NP-SBJ *-1) (VP to (VP post (NP (NP a loss) (PP of (NP (QP 6.4 billion) yen)) (PP for (NP (NP the year) (VP ending (NP-TMP tomorrow)))))))))) and (S (NP-SBJ its liabilities) (ADVP-TMP currently) (VP exceed (NP its assets) (PP-CLR by (NP (QP about 13.8 billion) yen)))) . ``)) (TOP (SINV (S-TPC-1 (SBAR-ADV If (S (NP-SBJ you) (VP find (NP sound , healthy companies) (PP-LOC-CLR in (NP Japan))))) , (NP-SBJ they) (VP are not (PP-PRD for (NP sale)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP George Watanabe) , (NP (NP a management-consultant) (PP-LOC at (NP Tokyo-based Asia Advisory Services Inc)))) .)) (TOP (S (NP-SBJ (NP Statistics) (PP on (NP (NP acquisitions) (PP by (NP foreigners))))) (VP vary (PP-LOC in (NP detail)) , (SBAR-PRP because (S (PP unlike (NP (NP Sansui) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP listed (NP *-1) (PP-LOC on (NP the Tokyo and Osaka stock exchanges)))))) ,)) (NP-SBJ-3 (NP most) (PP of (NP (NP the Japanese companies) (VP acquired (NP *) (PP by (NP-LGS foreigners)))))) (VP are (VP (ADVP-MNR privately) held (NP *-3)))))) .)) (TOP (S But (PP by (NP all accounts)) (NP-SBJ foreign companies) (VP have (VP bought (NP (NP only a relative handful) (PP of (NP Japanese companies))) (NP-TMP this year) , (SBAR-ADV while (S (NP-SBJ Japanese companies) (VP have (VP acquired (NP (NP hundreds) (PP of (NP foreign companies))))))))) .)) (TOP (S Nor do (NP-SBJ analysts) (VP expect (S (NP-SBJ the Sansui deal) (VP to (VP touch (PRT off) (NP (NP a fresh wave) (PP of (NP foreign purchases))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ (NP the strong yen) and (NP (NP the high stock prices) (PP of (NP Japanese companies)))) (VP were n't (NP-PRD (NP deterrents) (ADVP enough))))) , (NP-SBJ (NP (NP webs) (PP of (NP cross-shareholdings)) (PP between (NP friendly Japanese companies))) and (NP (ADJP fiercely independent) Japanese corporate attitudes)) (VP repel (NP most would-be acquirers)) .)) (TOP (S (ADVP-TMP Usually) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 a Japanese company) (VP is (ADJP-PRD ready (S (NP-SBJ *-2) (VP to (VP sell)))) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP has (NP (NP few alternatives) (VP remaining))) , and (S (NP-SBJ (NP the grim demeanors) (PP of (NP (NP Sansui 's) directors)) (PP-LOC at (NP (NP a joint news conference) (ADVP-LOC here)))) (VP left (NP little doubt (SBAR that (S (NP-SBJ this) (VP was not (NP-PRD (NP the company 's) finest hour))))))) .)) (TOP (S (NP-SBJ Sansui) (VP was (ADVP-TMP once) (NP-PRD (NP one) (PP of (NP (NP (NP Japan 's) premier makers) (PP of (NP (NP expensive , high-quality stereo gear) (PP for (NP audiophiles)))))))) .)) (TOP (S But (PP-TMP in (NP recent years)) , (NP-SBJ the market) (VP has (VP moved (PP-DIR toward (NP (NP (ADJP less expensive) `` mini-component '' sets) , (NP (NP miniaturized (NX (NX amplifiers) and (NX receivers) and (NX software players))) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP could (VP be (VP stacked (NP *-1) (PP-LOC-CLR on (NP (NP top) (PP of (NP each other)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Some) (PP of (NP (NP Sansui 's) fellow audio-specialty companies)) , (PP such as (NP (NP Aiwa Co.) and (NP Pioneer Electric Corp.))) ,) (VP responded (PP-CLR to (NP the challenge)) (PP-MNR (PP by (S-NOM (NP-SBJ *-1) (VP (ADVP-MNR quickly) bringing (PRT out) (NP (NP mini-component products) (PP of (NP their own)))))) , (PP by (S-NOM (NP-SBJ *-1) (VP moving (ADVP-MNR heavily) (PP-DIR into (NP the booming compact disk businesses))))) or (PP by (S-NOM (NP-SBJ *-1) (VP diversifying (PP-DIR into (NP (NP other consumer-electronics fields) , (PP including (NP (NP laser disks) or (NP portable cassette players)))))))))) .)) (TOP (S (NP-SBJ-1 Sansui) (VP (VP was (ADJP-PRD late (PP into (NP the mini-component business)))) and (VP failed (S (NP-SBJ *-1) (VP to (VP branch (PP-DIR into (NP other new businesses))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ the yen) (VP soared (PP-TMP in (NP recent years))))) , (NP-SBJ (NP Sansui 's) deepening financial problems) (VP became (NP-PRD a vicious circle)) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ competitors) (VP moved (NP production) (ADVP-CLR offshore) (PP in (NP (NP response) (PP to (NP (NP the sagging competitiveness) (PP of (NP Japanese factories))))))))) , (NP-SBJ Sansui) (VP lacked (NP (NP the money) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP build (NP new plants) (ADVP-MNR *T*-1) (PP-LOC in (NP Southeast Asia)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 Our company) (VP has not (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP cope (ADVP-MNR very effectively) (PP-CLR with '' (NP (NP changes) (PP-LOC in (NP the marketplace))))))))))) , (VP said (S *T*-2)) (NP-SBJ (NP Ryosuke Ito) , (NP (NP Sansui 's) president)) .)) (TOP (S (S-TPC-2 But (NP-SBJ-3 (NP even a Japanese company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP looks (PP-CLR like (NP a dog)))))) (VP may (VP turn (PRT out) (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP a good investment) (PP for (NP a foreign concern))))))))) , (NP-SBJ some management consultants) (VP maintain (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Yoshihisa Murasawa) , (NP (NP a management consultant) (PP for (NP Booz-Allen & Hamilton (PRN -LRB- (NP-LOC Japan) -RRB-) Inc.))) ,) (VP said (SBAR 0 (S (NP-SBJ his firm) (VP will (ADVP likely) (VP be (VP recommending (NP (NP acquisitions) (PP of (NP Japanese companies))) (ADVP-TMP more often) (PP-CLR to (NP foreign clients)) (PP-TMP in (NP the future)))))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ (NP Attitudes) -LCB- (PP toward (S-NOM (NP-SBJ-1 *) (VP being (VP acquired (NP *-1))))) -RCB-) (VP are (ADVP-TMP still) (ADJP-PRD negative))) , but (S (NP-SBJ they) (VP 're (VP becoming (ADJP-PRD more positive))))) , '' (NP-SBJ Mr. Murasawa) (VP said (S *T*-2)) .)) (TOP (S `` (PP-LOC In (NP some industries)) , (PP like (NP pharmaceuticals)) , (NP-SBJ acquisitions) (VP make (NP sense)) . '')) (TOP (S (S (SBAR-SBJ-2 Whether (S (NP-SBJ (NP Polly Peck 's) acquisition) (VP makes (NP sense)))) (VP remains (S (NP-SBJ-1 *-2) (VP to (VP be (VP seen (NP *-1))))))) , but (S (PP-LOC at (NP the news conference)) , (NP-SBJ Mr. Nadir) (VP brimmed (PP-CLR with (NP self-confidence (SBAR that (S (NP-SBJ he) (VP can (VP turn (NP Sansui) (PRT around))))))))) .)) (TOP (S-2 (NP-SBJ Sansui) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) (VP is (NP-PRD (NP a perfect fit) (PP for (NP (NP (NP Polly Peck 's) electronics operations) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP make (NP (NP televisions) , (NP videocassette recorders) , (NP microwaves) and (NP other products)) (PP on (NP an `` original equipment maker '' basis)) (PP for (NP (NP sale) (PP-LOC under (NP (NP other companies ') brand names))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-2 Polly Peck) (VP (VP will (VP (ADVP-MNR greatly) expand (NP (NP Sansui 's) product line) , (S-ADV (NP-SBJ *-2) (VP using (NP-1 (NP Sansui 's) engineers) (S-CLR (NP-SBJ *-1) (VP to (VP design (NP the new products)))))))) , and (VP will (VP move (NP (NP (NP Sansui 's) production) (PP of (NP (NP most products) (ADJP (ADJP other) (PP than (NP sophisticated audio gear)))))) (ADVP-CLR offshore) (PP-CLR into (NP (NP Polly Peck 's) own factories)))))))) .)) (TOP (S `` (S-TPC-3 (SBAR-NOM-TPC (WHNP-2 Whatever capital) (S (NP-SBJ (NP it) (PRN -LRB- (NP Sansui) -RRB-)) (VP needs (NP *T*-2) (SBAR-PRP so (S (NP-SBJ it) (VP can (VP (VP compete) and (VP become (NP-PRD (NP a (ADJP totally global) entity) (ADJP capable (PP of (S-NOM (NP-SBJ *) (VP competing (PP-CLR with (NP (NP the best) (PP-LOC in (NP the world))))))))))))))))) , (NP-SBJ-1 that capital) (VP will (VP be (VP injected (NP *-1))))) , '' (NP-SBJ Mr. Nadir) (VP said (S *T*-3)) .)) (TOP (S And (SBAR-ADV while (S (NP-SBJ Polly Peck) (VP is n't (VP jettisoning (NP (NP the existent top-management structure) (PP of (NP Sansui))))))) , (NP-SBJ it) (VP is (VP bringing (PRT in) (NP a former Toshiba Corp. executive) (PP-CLR as (NP (NP executive vice president) and (NP chief operating officer))))) .)) (TOP (S (NP-SBJ Such risk taking) (VP is (NP-PRD an everyday matter) (PP for (NP (NP the brash Mr. Nadir) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP (NP (ADJP 25 %) owner) (PP of (NP Polly Peck))) (CONJP as well as) (NP its chairman)))))))) .)) (TOP (S (NP-SBJ He) (VP (VP took (NP (NP Polly Peck) , (ADVP-TMP once) (NP a small fabric wholesaler))) , and (VP used (NP it) (X at) (PP-CLR as (NP (NP a base) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP build (NP (NP a conglomerate) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP been (VP doubling (NP its profits) (ADVP-TMP annually) (PP-TMP since (NP 1980)))))))) (ADVP-MNR *T*-2))))))))) .)) (TOP (S (PP-TMP In (NP September)) , (NP-SBJ it) (VP announced (NP plans (S (NP-SBJ *) (VP to (VP acquire (NP (NP the tropical-fruit business) (PP of (NP (NP RJR Nabisco Inc. 's) Del Monte foods unit))) (PP-CLR for (NP (NP (QP # 557 million) *U*) (PRN -LRB- (NP (QP $ 878 million) *U*) -RRB-)))))))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ Polly Peck) (VP posted (NP (NP a (ADJP 38 %) jump) (PP-LOC in (NP pretax profit)) (PP for (NP the first half)) (PP-DIR to (NP (QP # 54.8 million) *U*)) (PP-DIR from (NP (QP # 39.8 million) *U*)) (PP on (NP (NP a (ADJP 63 %) rise) (PP-LOC in (NP sales)))))) .)) (TOP (S (NP-SBJ (NP Joann S. Lublin) (PP-LOC in (NP London))) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ-1 (NP The bolstered cellular agreement) (PP between (NP (NP BellSouth Corp.) and (NP LIN Broadcasting Corp.)))) (VP (VP carries (NP heightened risks)) and (VP could (VP fail (S (NP-SBJ *-1) (VP to (VP fend (PRT off) (NP (NP McCaw Cellular Communications Inc.) , (NP (NP the rival suitor) (PP for (NP LIN)))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ the amended pact) (VP shows (SBAR (WHADVP-1 how) (S (NP-SBJ-2 (NP McCaw 's) persistence) (VP has (VP pushed (NP (NP LIN) and (NP BellSouth)) (PP-CLR into (NP a corner)) (ADVP-MNR *T*-1) , (S-ADV (NP-SBJ *-2) (VP forcing (NP huge debt) (PP-CLR on (NP the proposed new company))))))))) .)) (TOP (S (NP-SBJ-1 (NP The debt) , (VP estimated (NP *) (PP-CLR at (NP (QP $ 4.7 billion) *U*))) ,) (VP could (VP mortgage (NP (NP the cellular company 's) future earning power) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP placate (NP some LIN holders) (PP-TMP in (NP the short term)))))))) .)) (TOP (S (NP-SBJ The plan) (ADVP-TMP still) (VP calls (SBAR-CLR for (S (NP-SBJ LIN) (VP (VP to (VP combine (NP its cellular telephone properties) (PP-CLR with (NP BellSouth 's)))) and (VP to (VP spin (PRT off) (NP its broadcasting operations))))))) .)) (TOP (S But (PP-LOC under (NP (NP new terms) (PP of (NP the agreement)) , (VP announced (NP *) (NP-TMP Friday)) ,)) (NP-SBJ LIN holders) (VP would (VP receive (NP (NP a special cash dividend) (PP of (NP (NP $ 42 *U*) (NP-ADV a share))) , (VP representing (NP (NP a payout) (PP of (NP (QP about $ 2.23 billion) *U*))))) , (PP-TMP (ADVP shortly) before (NP the proposed merger)))) .)) (TOP (S (NP-SBJ LIN) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP expects (S (NP-SBJ *-2) (VP to (VP borrow (NP (NP the money) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP pay (NP the dividend) (ADVP-MNR *T*-3))))))))))) , but (S (NP-SBJ-1 (NP commitments) (PP from (NP banks))) (ADVP-TMP still) (VP have n't (VP been (VP obtained (NP *-1))))))) .)) (TOP (S (PP-LOC Under (NP previous terms)) , (NP-SBJ holders) (VP would (VP have (VP received (NP (NP a dividend) (PP of (NP (NP (QP only $ 20) *U*) (NP-ADV a share))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (ADJP New York-based) LIN) (VP would (VP exercise (NP its right (S (NP-SBJ *) (VP to (VP buy (PRT out) (PP-CLR for (NP (QP $ 1.9 billion) *U*)) (NP (NP the (ADJP 55 %) equity interest) (PP of (NP (NP its partner) , (NP Metromedia Co.))) , (PP in (NP a New York cellular franchise))))))))) .)) (TOP (S (NP-SBJ-2 That money) (ADVP also) (VP would (VP have (S (NP-SBJ-1 *-2) (VP to (VP be (VP borrowed (NP *-1))))))) .)) (TOP (S (PP In (NP effect)) , (NP-SBJ-1 McCaw) (VP has (VP forced (NP (NP LIN 's) hand) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP bidding (NP (QP $ 1.9 billion) *U*) (PP-CLR for (NP the stake)) (NP-TMP earlier this month)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're (VP taking (PRT on) (NP (NP more debt) (SBAR than (S (NP-SBJ-2 we) (VP would (VP have (VP liked (S (NP-SBJ *-2) (VP to (VP *?*)))))))))))) , '' (VP acknowledged (S *T*-1)) (NP-SBJ (NP Michael Plouf) , (NP (NP LIN 's) vice president and treasurer)) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ he) (VP expressed (NP confidence (SBAR that (S (NP-SBJ-1 (NP the proposed new company 's) cash flow) (VP would (VP be (ADJP-PRD sufficient (S (NP-SBJ *-1) (VP to (VP cover (NP (NP interest payments) (PP on (NP the debt))))))))))))))) , (NP-SBJ he) (VP estimated (SBAR that (S (NP-SBJ the company) (VP would n't (VP be (ADJP-PRD profitable) (PP-TMP until (UCP (NP 1994) or (ADJP later)))))))) .)) (TOP (S (NP-SBJ Analyst) (VP estimate (NP (NP the value) (PP of (NP the BellSouth proposal))) (PP-CLR at (NP (NP (QP about $ 115 to $ 125) *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ They) (VP value (NP (NP McCaw 's) bid) (PP-CLR at (NP (NP (QP $ 112 to $ 118) *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ-1 The previous BellSouth pact) (VP was (VP valued (NP *-1) (PP-CLR at (NP (NP (QP about $ 98 to $ 110) *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ (NP McCaw) , (NP (NP the largest provider) (PP of (NP cellular telephone service)) (PP-LOC in (NP the U.S.))) ,) (ADVP-TMP already) (VP owns (NP (NP (QP about 9.4) %) (PP of (NP (NP LIN 's) stock)))) .)) (TOP (S (PP In (NP (NP response) (PP to (NP (NP BellSouth 's) amended pact)))) , (NP-SBJ the (NAC-LOC Kirkland , Wash. ,) company) (VP extended (NP its own offer (S (NP-SBJ *) (VP to (VP buy (NP (QP 22 million) LIN shares) (PP-CLR for (NP (NP $ 125 *U*) (ADVP apiece))) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP give (NP McCaw) (NP a (ADJP 50.3 %) controlling interest)))))))))) .)) (TOP (S (PP-TMP Over (NP the weekend)) , (NP-SBJ-1 McCaw) (VP continued (S (NP-SBJ *-1) (VP to (VP call (PP-CLR for (NP (NP an auction) (PP of (NP LIN)))))))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ they) (VP expect (S (NP-SBJ McCaw) (VP to (VP escalate (NP the bidding) (ADVP-TMP again)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This game) (VP is n't (ADJP-PRD over) (ADVP-TMP yet))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Joel D. Gross) , (NP (NP a vice president) (PP-LOC at (NP Donaldson , Lufkin & Jenrette Securities Corp)))) .)) (TOP (S `` (PP-TMP At (NP some point)) , (NP-SBJ it) (VP will (VP become (ADJP-PRD non-economical) (PP for (NP one company)))) .)) (TOP (S But (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ we) (VP 're (PP-LOC-PRD at (NP that point)) (ADVP-TMP yet)))))) . '')) (TOP (S (PP-LOC Under (NP its revised proposal)) , (NP-SBJ Atlanta-based BellSouth) (VP (VP would (VP have (NP (NP a (ADJP 50 %) interest) (PP in (NP the new cellular company))))) and (VP would (VP be (ADJP-PRD responsible (PP for (NP (NP half) (PP of (NP its debt)))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP (VP To (VP sweeten (NP the pact) (ADVP-CLR further))) (PRN -- and (VP to (VP ease (NP (NP concerns) (PP of (NP institutional investors))))) --))) (NP-SBJ-1 BellSouth) (VP added (NP (NP a provision) (VP designed (NP-3 *) (S-CLR (NP-SBJ *-3) (VP to (VP give (NP extra protection) (PP-DTV to (NP holders)) (SBAR-ADV if (S (NP-SBJ-2 the regional Bell company) (ADVP-TMP ever) (VP decides (S (NP-SBJ *-2) (VP to (VP buy (NP (NP the rest) (PP of (NP the new cellular company))))))))))))))) .)) (TOP (S (NP-SBJ (NP The provision) , (VP described (NP *) (PP-CLR as (NP `` back-end '' protection))) ,) (VP would (VP require (S (NP-SBJ BellSouth) (VP to (VP pay (NP (NP a price) (ADJP equivalent (PP to (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 an outside party) (VP might (VP have (S (NP-SBJ *-2) (VP to (VP pay (NP *T*-1)))))))))))))))) .)) (TOP (S (NP-SBJ (NP McCaw 's) bid) (ADVP also) (VP has (NP a similar clause)) .)) (TOP (S Only (NP-SBJ (NP McCaw 's) proposal) (VP requires (S (NP-SBJ the company) (VP to (VP begin (NP an auction process) (PP-TMP in (NP June 1994)) (PP for (NP remaining shares)) (PP-CLR at (NP third-party prices)))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP mollify (NP (NP shareholders) (VP concerned (NP *) (PP-CLR about (NP (NP the long-term value) (PP of (NP the company)) (PP-LOC under (NP the BellSouth-LIN agreement))))))))) , (NP-SBJ-1 BellSouth) (ADVP also) (VP agreed (S (NP-SBJ *-1) (VP to (VP pay (NP (NP (NP (QP as much as $ 10) *U*) (NP-ADV a share)) , or (NP (QP $ 540 million) *U*)) , (SBAR-ADV if (S (PRN , (PP-TMP after (NP five years)) ,) (NP-SBJ (NP the trading value) (PP of (NP the new cellular company))) (VP is n't (ADJP-PRD (ADJP as high) (PP as (NP (NP the value) (SBAR (WHNP-2 that) (S (NP-SBJ shareholders) (VP would (VP have (VP realized (NP *T*-2) (PP-CLR from (NP the McCaw offer))))))))))))))))) .)) (TOP (S `` (NP-SBJ We) (VP 're (ADJP-PRD very pleased (PP with (NP the new deal)))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ We) (VP did n't (VP expect (S (NP-SBJ BellSouth) (VP to (VP be (ADJP-PRD so responsive))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Frederick A. Moran) , (NP (NP president) (PP of (NP (NP Moran Asset Management Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP holds (NP 500,000 LIN shares)))))))) .)) (TOP (S (NP-SBJ-1 (NP BellSouth 's) `` back-end protection) (VP was (VP flawed (NP *-1) (ADVP-TMP previously))) .)) (TOP (S (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ this) (VP is (NP-PRD (NP a superior deal) (PP to (NP McCaw 's))))))) .)) (TOP (S (NP-SBJ We) (VP 're (ADJP-PRD surprised)) .)) (TOP (S (NP-SBJ We) (VP did n't (VP think (SBAR 0 (S (NP-SBJ-1 a sleeping -LCB- Bell -RCB- mentality) (VP would (VP be (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP take (PRT on) (NP dilution))))))))))) . '')) (TOP (S But (NP-SBJ (NP Kenneth Leon) , (NP (NP a telecommunications analyst) (PP with (NP Bear , Stearns & Co.))) ,) (VP finds (S (NP-SBJ-4 the BellSouth proposal) (VP (ADVP-TMP still) flawed (NP *-4) (SBAR-PRP because (S (NP-SBJ-1 the company) (VP does n't (VP have (S (NP-SBJ-2 *-1) (VP to (VP wait (NP-ADV five years) (S-PRP (NP-SBJ-3 *-2) (VP to (VP begin (S (NP-SBJ *-3) (VP buying (NP more LIN shares)))))))))))))))) .)) (TOP (S `` (SBARQ-TPC-2 (WHNP-1 How many shares) (S (NP-SBJ *T*-1) (VP will (VP be (ADVP-LOC-PRD around) (PP-TMP in (NP 1995))))) ?) '' (NP-SBJ he) (VP asked (SBARQ *T*-2)) .)) (TOP (S `` (NP-SBJ There) (VP 's (NP-PRD (NP nothing) (VP preventing (NP-1 BellSouth) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP buying (PRT up) (NP shares) (PP-TMP in (NP the meanwhile)))))))) . '')) (TOP (S (NP-SBJ (NP BellSouth 's) revised proposal) (VP surprised (NP many industry analysts) , (PP-PRP (ADVP especially) because of (NP (NP the company 's) willingness (S (NP-SBJ *) (VP to (VP accept (NP (NP some dilution) (PP of (NP future earnings))))))))) .)) (TOP (S (NP-SBJ (NP William O. McCoy) , (NP (NP president) (PP of (NP (NP the company 's) BellSouth Enterprises Inc. unit))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the revised agreement) (PP with (NP LIN))) (VP would (VP (VP dilute (NP BellSouth earnings) (PP-EXT-1 by (NP (QP about 9) %)) (PP-TMP-2 in (NP both 1990 and 1991))) and (VP (PP-EXT=1 by (NP significantly less)) (ADVP-TMP=2 thereafter))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP BellSouth 's) cellular operations) (VP were (PP-LOC-PRD among (NP (NP the first) (PP-LOC in (NP the country)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP become (ADJP-PRD profitable)))))))) .)) (TOP (S (PP-TMP For (NP 1988)) , (NP-SBJ BellSouth) (VP earned (NP (NP (QP $ 1.7 billion) *U*) , or (NP (NP $ 3.51 *U*) (NP-ADV a share))) , (PP on (NP (NP revenue) (PP of (NP (QP $ 13.6 billion) *U*))))) .)) (TOP (S (S (NP-SBJ Analysts) (VP were (VP predicting (NP (NP 1990 BellSouth earnings) (PP-LOC in (NP (NP the range) (PP of (NP (NP (NP $ 3.90 *U*) (NP-ADV a share)) , or (NP (QP $ 1.9 billion) *U*))))))))) , but (S (ADVP-TMP now) (NP-SBJ-1 those estimates) (VP are (VP being (VP scaled (NP *-1) (ADVP-CLR back))))) .)) (TOP (S (PP-LOC In (NP composite trading)) (NP-TMP Friday) (PP-LOC on (NP the New York Stock Exchange)) , (NP-SBJ BellSouth shares) (VP fell (NP-EXT 87.5 cents) (PP-DIR to (NP $ 52.125 *U*))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) , (NP-SBJ-1 LIN shares) (VP soared (NP-EXT $ 4.625 *U*) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP closed (PP-CLR at (NP $ 112.625 *U*))))) , (SBAR-ADV while (S (NP-SBJ McCaw) (VP fell (NP-EXT (NP $ 2.50 *U*) (NP-ADV a share)) (PP-DIR to (NP $ 37.75 *U*)))))) .)) (TOP (S (NP-SBJ The (NP (NP proposed BellSouth-LIN cellular company) , (PP including (NP the (ADJP newly acquired) Metromedia stake)) ,)) (VP would (VP give (NP the new entity) (NP (NP (QP 55 million) potential customers) , (PP including (NP (NP (QP about 35 million)) (PP-LOC in (NP (NP the nation 's) top 10 markets))))))) .)) (TOP (S (NP-SBJ (NP Mr. Leon) (PP of (NP Bear Stearns))) (VP speculated (SBAR that (S (NP-SBJ-3 McCaw) , (PP in (NP an attempt (S (NP-SBJ *) (VP to (VP buy (NP time)))))) , (VP might (VP consider (S (NP-SBJ *-3) (VP filing (NP an antitrust suit) (PP-CLR against (NP BellSouth)) (PP with (NP (NP the Justice Department) and (NP (NP U.S. District Judge Harold Greene) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP oversees (NP (NP enforcement) (PP of (NP (NP the consent decree) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP broke (PRT up) (NP the Bell system) (PP-TMP in (NP 1984))))))))))))))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ-1 McCaw) (VP seemed (S (NP-SBJ *-1) (VP to (VP hint (PP-CLR at (NP that option)) (PP-LOC in (NP a brief statement)))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Urging (NP-3 LIN directors) (S (NP-SBJ *-3) (VP to (VP conduct `` (NP a fair auction) (PP-LOC on (NP a level playing field))))))) , '' (NP-SBJ-2 McCaw) (VP asked (SBAR (WHADVP-4 how well) (S (NP-SBJ-1 the public interest) (VP would (VP be (VP served (NP *-1) (ADVP-MNR *T*-4) `` (PP with (S-NOM (NP-SBJ the Bell operating companies) (VP controlling (NP (NP (QP over 94) %) (PP of (NP (NP all cellular -LCB- potential customers -RCB-) (PP-LOC in (NP (NP the nation 's) top 10 markets)))))))))))))) .)) (TOP (S (NP-SBJ (NP Market makers) (PP-LOC in (NP Nasdaq over-the-counter stocks))) (VP are (VP adding (NP their voices) (PP-CLR to (NP (NP the swelling chorus) (PP of (NP (NP complaints) (PP about (NP program trading)))))))) .)) (TOP (S (S (NP-SBJ Their motivation) , (ADVP however) , (VP has (NP a strong practical aspect))) : (S (NP-SBJ Program trading) (VP is (ADJP-PRD hazardous (PP to (NP their paychecks))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP (NP The most controversial form) (PP of (NP program trading))) , (NP stock-index arbitrage) ,) (VP is `` (VP making (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD tough) (SBAR-1 for (S (NP-SBJ traders) (VP to (VP make (NP money))))))))) , '' (VP declares (S *T*-2)) (NP-SBJ (NP Robert Antolini) , (NP (NP head) (PP of (NP OTC trading)) (PP-LOC at (NP Donaldson , Lufkin & Jenrette)))) .)) (TOP (S (NP-SBJ (NP Stock-index arbitrage) (PRN -- (NP (NP the computer-guided buying and selling) (PP of (NP stocks)) (PP with (NP (NP offsetting trades) (PP-LOC in (NP stock-index futures)) (SBAR (WHNP-1 0) (S-PRP (NP-SBJ *T*-1) (VP to (VP profit (PP-CLR from (NP fleeting price discrepancies))))))))) --)) (VP affects (NP the OTC market) (ADVP-MNR directly) (PP-MNR through (NP (NP the 31 stocks) (VP included (NP *) (PP-CLR-LOC in (NP (NP Standard & Poor 's) 500-stock index)))))) .)) (TOP (S (NP-SBJ The S&P 500) (VP is (ADVP-TMP often) (VP used (PP-CLR-LOC in (NP arbitrage strategies)))) .)) (TOP (S (NP-SBJ-1 (NP The portion) (PP of (NP (NP OTC volume) (ADJP attributable (PP to (NP program trading)))))) (VP is n't (VP known (NP *-1) , (SBAR-ADV as (S (NP-SBJ it) (VP is (PP-PRD on (NP (NP the New York Stock Exchange) , (SBAR (WHADVP-2 where) (S (NP-SBJ it) (VP amounted (PP-CLR to (NP (QP more than 13) %)) (PP-TMP in (NP September)) (ADVP-LOC *T*-2))))))))))) .)) (TOP (S (NP-SBJ (NP Estimates) (PP from (NP traders))) (VP put (NP it) (PP-CLR at (NP (NP (QP less than 5) %) (PP of (NP (NP (NP Nasdaq 's) average daily volume) (PP of (NP (QP roughly 133 million) shares))))))) .)) (TOP (NP (NP Other market-maker gripes) : (S (NP-SBJ Program trading) (ADVP also) (VP causes (S (NP-SBJ the Nasdaq Composite Index) (VP to (VP lose (NP ground) (PP against (NP (NP other segments) (PP of (NP the stock market))))))))) .)) (TOP (S (PP-PRP Because of (NP program trading)) (NP-SBJ (NP it) (S *EXP*-1)) (VP is (ADJP-PRD more difficult) (S-1 (NP-SBJ *) (VP to (VP trade (NP many OTC stocks) (PP without (NP sharp price moves))))) , (NP-ADV (NP a condition) (VP known (NP *) (PP-CLR as (NP illiquidity))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ (NP the price volatility) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP is (VP amplified (NP *-1) (PP by (NP-LGS program trading))))))) (VP is (VP undercutting (NP efforts (S (NP-SBJ *) (VP to (VP woo (NP individual investors) (ADVP-CLR back (PP to (NP (NP an OTC market) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP (ADVP-MNR sorely) misses (NP them))))))))))))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP these problems))) (VP are (ADJP-PRD neither new nor unique (PP to (NP the OTC market)))) .)) (TOP (S But (NP-SBJ (NP the big , (ADJP often tumultuous) slide) (PP-LOC in (NP stock prices)) (NP-TMP this month)) (VP has (VP turned (NP (NP some) (PP of (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP been (VP profiting (PP-CLR from (NP the practice)))))))))) (PP-CLR against (NP it)))) .)) (TOP (S (NP-SBJ (NP Peter DaPuzzo) , (NP (NP head) (PP of (NP retail equity trading)) (PP-LOC at (NP Shearson Lehman Hutton))) ,) (VP acknowledges (SBAR that (S (NP-SBJ-1 he) (VP was n't (VP troubled (NP *-1) (PP by (NP-LGS program trading)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ it) (VP began (PP-LOC in (NP the pre-crash bull market)) (ADVP-TMP *T*-2)))) (SBAR-PRP because (S (S (NP-SBJ it) (VP added (NP liquidity))) and (S (NP-SBJ-3 people) (VP were (VP pleased (S (NP-SBJ *-3) (VP to (VP see (S (NP-SBJ stock prices) (VP rising))))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP were n't (ADJP-PRD as concerned) (SBAR-TMP until (S (NP-SBJ they) (VP became (NP-PRD sell programs)))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. DaPuzzo) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP now) (VP thinks (SBAR 0 (S (NP-SBJ it) (VP adds (NP unnecessary volatility)))))))) .)) (TOP (S (NP-SBJ Shearson Lehman) , (ADVP however) , (VP executes (NP program trades) (PP for (NP clients))) .)) (TOP (S (NP-SBJ (NP (NP Merrill Lynch) , (NP Goldman Sachs) and (NP Kidder Peabody)) , (PP in (NP (NP addition) (PP to (NP Shearson)))) ,) (VP do (NP program-trade OTC stocks)) .)) (TOP (S (NP-SBJ (NP Shearson) , (NP Merrill Lynch) and (NP Goldman Sachs)) (VP say (SBAR 0 (S (NP-SBJ they) (VP do (ADVP-PRD so) (PP (ADVP only) for (NP customers))))) , (ADVP however)) .)) (TOP (S (NP-SBJ Kidder Peabody) (VP does (NP program trading) (PP for (NP (NP its own (NX *RNR*-1)) (CONJP as well as) (NP (NP clients ') (NX *RNR*-1)) (NX-1 accounts)))) .)) (TOP (S (S (PP Of (NP course)) , (NP-SBJ there) (VP were (NP-PRD sell programs) (PP-TMP in (NP past years)) , (ADVP too))) , but (S (NP-SBJ-1 they) (VP seem (S (NP-SBJ *-1) (VP to (VP hurt (NP market makers) (ADVP-MNR more painfully)))) (NP-TMP these days))) .)) (TOP (S (NP-SBJ That) (VP 's (PP-PRD (ADVP largely) because of (NP (NP defensive measures) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP adopted (NP *T*-1) (PP-TMP after (NP (NP the 1987 crash) , (SBAR (WHADVP-2 when) (S (S (NP-SBJ individual investors) (VP fled (NP the market) (ADVP-TMP *T*-2))) and (S (NP-SBJ trading activity) (VP dwindled (ADVP-TMP *T*-2))))))))))))) .)) (TOP (S (NP-SBJ-2 Market makers) , (S-PRP (NP-SBJ *-2) (VP to (VP cut (NP costs)))) , (VP slashed (NP (NP inventories) (PP of (NP (NP stocks) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP keep (S (NP-SBJ *T*-1) (PP-LOC-PRD on (NP hand)))))) (SBAR (WHNP-6 0) (S-PRP (NP-SBJ *) (VP to (VP sell (NP investors) (NP *T*-6) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ other holders) (VP are n't (VP selling (ADVP-TMP *T*-3))))))))))))) .)) (TOP (S And (S-PRP (NP-SBJ-1 *-2) (VP to (VP protect (NP-4 their reduced capital investment) (PP-CLR from (S-NOM (NP-SBJ *-4) (VP eroding (ADVP-CLR further))))))) , (NP-SBJ-2 market makers) (VP became (ADJP-PRD quicker (S (NP-SBJ *-2) (VP to (VP lower (NP price quotes) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ sell programs) (VP are (PP-PRD in (NP progress)) (ADVP-TMP *T*-3))))))))) .)) (TOP (S (PP-TMP On (NP (NP days) (SBAR (WHADVP-1 when) (S (NP-SBJ prices) (VP are (VP tumbling (ADVP-TMP *T*-1))))))) , (NP-SBJ-2 they) (VP must (VP be (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP buy (NP shares) (PP-CLR from (NP sellers)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ no one else) (VP will (ADVP-TMP *T*-3)))))))))) .)) (TOP (S (PP-LOC In (NP such an environment)) , (NP-SBJ market makers) (VP can (VP suffer (NP (NP huge losses) (PP both (PP on (NP (NP trades) (VP made (NP *) (NP-TMP that day) (PP-CLR at (NP (ADJP steadily dropping) prices))))) and (PP in (NP (NP the value) (PP of (NP (NP their inventories) (PP of (NP shares)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP makes (NP no sense) (SBAR-2 for (S (NP-SBJ us) (VP to (VP put (NP money) (PP-CLR at (NP risk)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ you) (VP know (SBAR 0 (S (NP-SBJ-4 you) (VP 're (VP going (S (NP-SBJ *-4) (VP to (VP lose))))))) (ADVP-TMP *T*-3)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Antolini) , (PP of (NP Donaldson Lufkin))) .)) (TOP (S-1 But (NP-SBJ this skittishness) (PRN , (S (NP-SBJ Mr. Antolini) (VP says (SBAR 0 (S *T*-1)))) ,) (VP is (VP creating (NP (NP liquidity problems) (PP-LOC in (NP certain OTC stocks))))) .)) (TOP (S `` (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD harder) (S-1 (NP-SBJ *) (VP to (VP sell (NP stocks) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the sell programs) (VP come (ADVP-CLR in) (ADVP-TMP *T*-3))))))) (SBAR-PRP because (S (NP-SBJ-2 some market makers) (VP do n't (VP want (S (NP-SBJ *-2) (VP to -LCB- (VP take (NP the orders)) -RCB-))))))) .)) (TOP (S (S (NP-SBJ No one) (VP has (NP big positions))) and (S (NP-SBJ-1 no one) (VP wants (S (NP-SBJ *-1) (VP to (VP take (NP big risks)))))) . '')) (TOP (S (NP-SBJ (NP Joseph Hardiman) , (NP (NP president) (PP of (NP (NP the National Association) (PP of (NP Securities Dealers)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP oversees (NP (NP trading) (PP-LOC on (NP Nasdaq))))))))) ,) (VP agrees (SBAR that (S (NP-SBJ program trading) (VP is (VP hurting (NP (NP the market 's) efforts (S (NP-SBJ *) (VP to (VP bring (ADVP-CLR back) (NP small investors)))))))))) .)) (TOP (S-2 But (PRN , (S (NP-SBJ he) (VP observes (SBAR 0 (S *T*-2)))) ,) (SBAR-ADV while (S (NP-SBJ makers) (VP suffer (NP losses) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ program trading) (VP drags (NP the market) (ADVP-CLR down) (ADVP-TMP *T*-1))))))) , (NP-SBJ they) (ADVP also) (VP make (NP money) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ program trading) (VP pushes (NP the prices) (ADVP-CLR higher) (ADVP-TMP *T*-3))))) .)) (TOP (S `` (S-TPC-1 (ADVP-TMP Sometimes) -LCB- (NP-SBJ traders) -RCB- (VP lose (NP-CLR sight) (PP-CLR of (NP that)))) , '' (NP-SBJ he) (VP says (S-TPC *T*-1)) .)) (TOP (S (NP-SBJ (NP The OTC stocks) (PP-LOC in (NP the S&P 500))) (VP include (NP (NP (NP Nasdaq 's) biggest) , (PP such as (NP (NP Apple Computer) , (NP MCI Communications) , (NP Tele-Communications) and (NP Liz Claiborne))))) .)) (TOP (S (NP-SBJ These big stocks) (VP (ADVP-MNR greatly) influence (NP the Nasdaq Composite Index)) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ the computers) (VP say `` (S (NP-SBJ *) (VP sell)) (ADVP-TMP *T*-2)))) , '' (NP-SBJ (NP the composite) (PP *ICH*-1)) (VP tumbles (PP-1 as (ADVP (ADVP well) (PP as (NP the Dow Jones Industrial Average))))) .)) (TOP (S-2 (NP-SBJ The problem) (PRN , (S (NP-SBJ market makers) (VP say (SBAR 0 (S *T*-2)))) ,) (VP is (SBAR-PRD that (S (SBAR-ADV while (S (NP-SBJ (NP the industrial average) and (NP the S&P 500)) (ADVP-TMP usually) (VP recover (SBAR-TMP as (S (NP-SBJ buy programs) (VP kick (PRT in))))))) , (NP-SBJ-1 the Nasdaq Composite) (ADVP-TMP frequently) (VP is (VP left (NP *-1) (ADVP-LOC-CLR behind)))))) .)) (TOP (S (PP-TMP (NP-ADV Eight trading days) after (NP Oct. 12)) , (NP-TMP (NP the day) (PP-TMP before (NP the stock market plunge))) (PRN , (PP for (NP instance)) ,) (NP-SBJ the Nasdaq Composite) (VP had (VP fallen (NP-EXT 4.3 %) , (PP compared (PP with (NP (NP (NP 3.3 %) (PP for (NP the S&P 500))) , (NP (NP 3.5 %) (PP for (NP the New York Stock Exchange Composite Index))) and (NP (NP 3.6 %) (PP for (NP the industrial average)))))))) .)) (TOP (S (NP-SBJ This gap) (ADVP-TMP eventually) (VP closes (PRN , but (ADVP-MNR slowly))) .)) (TOP (S (ADVP-TMP (NP Three days) later) , (PP-TMP as (PP of (NP (NP Friday 's) close))) , (NP-SBJ the Nasdaq Composite) (VP was (ADVP-PRD down (NP-ADV 6 %)) , (PP compared (PP with (NP (NP (NP 5.9 %) (PP for (NP the industrial average))) , (NP (NP 5.7 %) (PP for (NP the S&P 500))) and (NP (NP 5.8 %) (PP for (NP the Big Board Composite))))))) .)) (TOP (S (NP-SBJ (NP The main reason) (PP for (NP this lag))) (VP is (SBAR-PRD that (S (NP-SBJ individual investors) (VP own (NP (NP 65 %) (PP of (NP (NP the OTC market 's) capitalization)) (NP *ICH*-2)) , (PP according (PP to (NP Mr. Hardiman))) , (NP-2 (NP much more) (PP than (PP-LOC on (NP the Big Board)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Such investors) (VP tend (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD (ADJP more cautious) (SBAR than (S (NP-SBJ institutional investors) (VP are (ADJP-PRD *?*)))) (PP about (S-NOM (NP-SBJ *) (VP re-entering (NP the market) (PP-TMP after (NP massive selloffs))))))))))) , (NP-SBJ market makers) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (NP-HLN (NP Friday 's) Market Activity)) (TOP (S (NP-SBJ The Nasdaq Composite Index) (VP tumbled (NP-EXT (NP 5.39) , or (NP 1.2 %)) (PP-DIR to (NP 452.76)) (PP-TMP on (NP Friday))) .)) (TOP (S (PP For (NP the week)) , (NP-SBJ the index) (VP dropped (NP-EXT 3.8 %)) .)) (TOP (S (NP-SBJ (NP Weakness) (PP-LOC in (NP big technology stocks))) (VP hurt (NP (NP the composite) (CONJP as well as) (NP (NP the Nasdaq 100 Index) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP fell (NP-EXT (NP 1.4 %) , or (NP 6.43) ,) (PP-TMP on (NP Friday)) , (PP-DIR to (NP 437.68)))))))) .)) (TOP (S (NP-SBJ The Nasdaq Financial Index) (VP lost (NP (NP (QP about 1) %) , or (NP 3.95) ,) (PP-CLR to (NP 448.80))) .)) (TOP (S (NP-SBJ (NP Friday 's) trading volume) (VP totaled (NP (QP 132.8 million) shares)) .)) (TOP (S (NP-SBJ (NP The average daily share turnover) (PP for (NP October))) (VP is (NP-PRD (QP almost 148 million) shares)) .)) (TOP (S (S (NP-SBJ LIN Broadcasting) (VP surged (NP-EXT 4 5) (PP-DIR to (NP 112 5)))) ; (S (NP-SBJ LIN and BellSouth) (VP sweetened (NP their merger agreement) (PP in (NP an attempt (S (NP-SBJ *) (VP to (VP keep (NP-1 shareholders) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP tendering (NP their shares) (PP-CLR to (NP McCaw Cellular Communications)))))))))))) .)) (TOP (S (NP-SBJ (NP McCaw) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP dropped (NP-EXT 2 1) (PP-DIR to (NP 37 3))))) ,) (VP has (VP offered (NP (NP $ 125 *U*) (NP-ADV a share)) (PP-CLR for (NP (NP a majority) (PP of (NP (NP LIN 's) shares)))))) .)) (TOP (S (NP-SBJ The revised LIN-BellSouth agreement) (VP boosts (NP (NP the dollar amount) (PP of (NP (NP the special dividend) (SBAR (WHNP-1 0) (S (NP-SBJ-2 LIN) (VP promises (S (NP-SBJ *-2) (VP to (VP pay (NP shareholders) (NP *T*-1))))))))))) .)) (TOP (S (NP-SBJ-1 LIN) (ADVP-TMP now) (VP plans (S (NP-SBJ *-1) (VP to (VP dole (PRT out) (NP (NP (NP $ 42 *U*) (NP-ADV a share))) (PP-CLR in (NP cash)) , (ADVP up (PP from (NP the earlier (ADJP $ 20 *U*) amount))))))) .)) (TOP (S (NP-SBJ Intel) (VP eased (NP-EXT 1) (PP-DIR to (NP 31 7))) .)) (TOP (S (NP-SBJ The semiconductor concern) (VP said (SBAR 0 (S (NP-SBJ (NP the interruption) (PP-LOC in (NP (NP shipment) (PP of (NP its 80486 computer chip))))) (VP will (VP (VP be (ADJP-PRD brief)) and (VP have (NP (NP little impact) (PP on (NP (NP the company 's) earnings))))))))) .)) (TOP (S (NP-SBJ The stock) (VP fell (NP-EXT 7) (NP-TMP Thursday) (PP-LOC amid (NP (NP concerns) (PP over (NP (NP problems) (VP discovered (NP *) (PP-CLR with (NP the chip)))))))) .)) (TOP (S (NP-SBJ Intel) (VP told (NP analysts) (SBAR that (S (NP-SBJ the company) (VP will (VP resume (NP (NP shipments) (PP of (NP the chips))) (PP-TMP within (NP (QP two to three) weeks))))))) .)) (TOP (S (NP-SBJ Weisfield 's) (VP rocketed (NP-EXT 9 1) (PP-DIR to (NP 39)) (SBAR-TMP after (S (NP-SBJ the jewelry store operator) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (PP-LOC-PRD in (NP (NP preliminary discussions) , (PP with (NP (NP a party) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP would n't (VP identify (NP *T*-1))))))) , (PP regarding (NP (NP the possible acquisition) (PP of (NP the company))))))))))))) .)) (TOP (S (NP-SBJ Starpointe Savings Bank) (VP rose (NP-EXT 3) (PP-DIR to (NP 20)) (SBAR-TMP after (S (NP-SBJ the Federal Deposit Insurance Corp.) (VP approved (NP (NP (NP (NP Dime Savings Bank) (PP of (NP New York)) 's) (ADJP $ 21-a-share *U*) acquisition) (PP of (NP Starpointe))))))) .)) (TOP (S (NP-SBJ Kirschner Medical) (VP fell (NP-EXT 4) (PP-DIR to (NP 15))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ its third-quarter earnings) (VP will (ADVP probably) (VP be (ADJP-PRD (ADJP lower) (PP than (NP (NP (NP the 16 cents) (NP-ADV a share)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP reported (NP *T*-1) (NP-TMP last year))))))) , (PP despite (NP (NP a rise) (PP-LOC in (NP (NP the company 's) revenue))))))))) .)) (TOP (S (NP-SBJ Kirschner) (VP earned (NP $ 376,000 *U*) (PP on (NP (NP revenue) (PP of (NP (QP $ 14.5 million) *U*)))) (PP-TMP in (NP the 1988 quarter))) .)) (TOP (S (NP-SBJ The company) (VP blamed (NP (NP a number) (PP of (NP factors)) (PP *ICH*-1)) (PP-CLR for (NP the earnings decline)) , (PP-1 including (NP (NP softer sales) (PP of (NP joint-implants))))) .)) (TOP (S (NP-SBJ London share prices) (VP closed (ADJP-CLR sharply lower) (NP-TMP Friday) (PP-LOC in (NP active trading)) (SBAR-TMP after (S (NP-SBJ (NP (NAC Chancellor (PP of (NP the Exchequer))) Nigel Lawson 's) resignation) (VP slapped (NP the market))) and (S (NP-SBJ (NP Wall Street 's) rapid initial sell-off) (VP knocked (NP it) (PRT down))))) .)) (TOP (S (NP-SBJ-1 London shares) (VP were (VP depressed (NP *-1) (ADVP-TMP initially) (PP (PP by (NP-LGS (NP overnight losses) (PP-LOC in (NP New York)))) and (PP by (NP-LGS (NP the drop) (PP-LOC in (NP sterling)) (PP-TMP after (NP (NP Mr. Lawson 's) resignation))))))) .)) (TOP (S (S (NP-SBJ It) (VP showed (NP some early resilience) (SBAR-TMP after (S (NP-SBJ central bank support) (VP firmed (NP sterling)))))) , but (S (NP-SBJ (NP (NP the weight) (PP of (NP Wall Street)) (ADVP-TMP late (PP-LOC in (NP London trading)))) , and (NP (NP signs) (PP of (NP (NP further weakness) (PP-LOC in (NP the British pound))))) ,) (VP proved (NP-PRD (NP a hefty load) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP bear (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ New York stocks) (VP recovered (NP (NP some) (PP of (NP their losses))) (SBAR-TMP after (S (NP-SBJ the London market) (VP closed)))) .)) (TOP (S (NP-SBJ-1 The Financial Times 100-share index) (VP shed (NP 47.3 points) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP 2082.1)) , (ADVP (ADVP down (NP-ADV-3 4.5 %) (PP-DIR-4 from (NP the previous Friday))) and (ADVP (NP-ADV=3 6.8 %) (PP-DIR=4 from (NP (NP Oct. 13) , (SBAR (WHADVP-2 when) (S (NP-SBJ (NP Wall Street 's) plunge) (VP helped (VP spark (NP (NP the current weakness) (PP-LOC in (NP London))) (ADVP-TMP *T*-2))))))))))))) .)) (TOP (S (NP-SBJ The 30-share index) (VP settled (ADJP-CLR (NP-ADV 42.0 points) lower) (PP-CLR at (NP 1678.5))) .)) (TOP (S (NP-SBJ Volume) (VP was (NP-PRD (NP (NP (QP 840.8 million) shares) , (ADVP up (PP from (NP (QP 443.6 million)) (NP-TMP Thursday)))) and (NP (NP the week 's) most active session))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ (NP the turnover) , (VP (ADVP largely) confined (NP *) (PP-CLR to (NP the 100-share index stocks))) ,) (VP (ADVP-MNR partly) reflected (NP (NP the flurry) (PP of (NP activity)) (ADJP typical (PP-TMP at (NP (NP (NP the close) (PP of (NP a two-week trading account))) and (NP (NP the start) (PP of (NP a new account))))))))))) .)) (TOP (S But (NP-SBJ they) (VP said (SBAR 0 (S (NP-SBJ (NP (NP Friday 's) focus) (PP on (NP the top-tier stocks))) (VP (VP telegraphed (NP active overseas selling)) and (VP showed (NP (NP the broad-based fears) (PP over (NP (NP the status) (PP of (NP (NP the U.K. economy) and (NP (NP Britain 's) currency))) (PP-LOC in (NP (NP the wake) (PP of (NP (NP the upheaval) (PP-LOC in (NP (NP Prime Minister Margaret Thatcher 's) cabinet)))))))))))))) .)) (TOP (S (NP-SBJ (NP A senior dealer) (PP with (NP Warburg Securities))) (VP noted (SBAR 0 (S (NP-SBJ-1 (NP British Gas) , (NP (NP the (ADJP most active) blue-chip stock) (PP-LOC at (NP (NP (QP 20 million) shares) (VP traded (NP *))))) ,) (VP was (VP affected (NP *-1) (PP by (NP-LGS (NP the political implications) (PP of (NP (NP (NP Mr. Lawson 's) departure) and (NP (NP Mrs. Thatcher 's) cabinet shuffle)))))))))) .)) (TOP (S (NP-SBJ He) (VP attributed (NP the (ADJP unusually high) volume) (PP-CLR to (NP (NP broad-based selling) (PP on (NP fears (SBAR that (S (S (NP-SBJ-2 the Thatcher government) (VP may (VP be (PP-PRD-3 in (NP turmoil))))) and (S (NP-SBJ=2-1 (NP Britain 's) Labor Party) (VP=3 positioned (S (NP-SBJ *-1) (VP to (VP (VP regain (NP (NP control) (PP of (NP the government)))) and (VP renew (NP (NP efforts) (PP at (NP nationalization)))))))))))))))) .)) (TOP (S (NP-SBJ-1 British Gas) (VP shed (NP (NP 8.5 pence) (NP-ADV a share)) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP 185 pence) (PRN -LRB- (NP $ 2.90 *U*) -RRB-))))))) .)) (TOP (S (NP-SBJ Other dealers) (VP added (SBAR that (S (NP-SBJ-1 the blue-chip stocks) (PP in (ADJP general)) (VP were (VP hit (NP *-1) (PP by (NP-LGS (NP profit-taking) (PP over (NP (NP concerns (SBAR that (S (NP-SBJ-2 London shares) (VP will (VP continue (S (NP-SBJ *-2) (VP posting (NP declines)))))))) and (NP (NP the uncertainty) (PP over (NP sterling)) (PP given (SBAR that (S (NP-SBJ (NP (NP Mr. Lawson 's) successor) , (NP John Major) ,) (VP had (ADVP only) (VP been (PP-LOC-PRD in (NP the job)) (NP-TMP one day)))))))))))))))) .)) (TOP (S (PP Besides (NP British Gas)) , (NP-SBJ British Steel) (VP skidded (NP-EXT 1.74) (PP-DIR to (NP 123.5)) (PP on (NP (NP turnover) (PP of (NP (QP 11 million) shares))))) .)) (TOP (S (NP-SBJ British Petroleum) (VP fell (NP-EXT 5) (PP-DIR to (NP 286)) (PP on (NP (NP (QP 14 million) shares) (VP traded (NP *))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ-1 the multinational oil company) (VP was (VP pressured (NP *-1) (PP by (NP-LGS (NP recent brokerage recommendations) (VP urging (NP-2 investors) (S (NP-SBJ *-2) (VP to (VP switch (PP-DIR into (NP Shell Trading & Transport))))))))))))) .)) (TOP (S (NP-SBJ Shell) (VP eased (NP-EXT 1) (PP-DIR to (NP 416)) (PP on (NP (NP turnover) (PP of (NP (QP 4.8 million) shares))))) .)) (TOP (S (PP-LOC Among (NP the other actively traded blue-chip issues)) , (S (NP-SBJ Imperial Chemical Industries) (VP dropped (NP-EXT 11) (PP-DIR to (NP # 10.86 *U*)))) , (S (NP-SBJ Hanson) (VP skidded (NP-EXT 9.5) (PP to (NP 200.5)))) , and (S (NP-SBJ British Telecom) (VP fell (NP-EXT 10) (PP-DIR to (NP 250)))) .)) (TOP (S (PP-LOC In (NP Tokyo)) , (NP-SBJ stocks) (VP closed (UCP-CLR (ADJP lower) but (ADVP above (NP intraday lows))) (PP-LOC in (NP active trading))) .)) (TOP (S (NP-SBJ-1 The Nikkei index) (VP (VP was (VP pressured (NP *-1) (ADVP-CLR down) (PP by (NP-LGS (NP profit-taking) (VP triggered (NP *) (PP by (NP-LGS (NP sharp advances) (VP made (NP *) (PP-TMP through (NP this week)))))))))) and (VP fell (NP-EXT 151.20 points) (PP-DIR to (NP 35527.29)))) .)) (TOP (S (PP-LOC In (NP early trading)) (PP-LOC in (NP Tokyo)) (NP-TMP Monday) , (NP-SBJ the Nikkei index) (VP fell (NP-EXT 148.85 points) (PP-DIR to (NP 35378.44))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ (NP the Tokyo stock price index) (PP of (NP first section issues))) (VP was (ADVP-PRD down (NP 15.82)) (PP-LOC at (NP 2681.76))) .)) (TOP (S (NP-SBJ-1 First-section volume) (VP was (VP estimated (NP *-1) (PP-CLR at (NP (NP (QP 1.3 billion) shares) , (ADVP up (PP from (NP (QP 886 million) shares) (NP-TMP Thursday))))))) .)) (TOP (S (NP-SBJ (NP An official) (PP-LOC at (NP Wako Securities))) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (NP brokerages ') excessive expectations) (PP about (NP (NP recent advances) (PP-LOC in (NP (NP Tokyu Group shares) and (NP real estate issues)))))) (VP were (VP dashed (NP *-1) (NP-TMP Friday)))))) .)) (TOP (S (NP-SBJ-1 Dealers) (VP placed (NP heavy buy orders) (PP-TMP in (NP the morning)) (S-PRP (NP-SBJ *-1) (VP to (VP start (NP (NP the first trading day) (PP for (NP November transactions))))))) .)) (TOP (S (S-TPC-4 But (NP-SBJ-3 they) (VP failed (S (NP-SBJ *-3) (VP to (VP sell (NP these stocks) (PP-DTV to (NP (NP client investors) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP were (ADJP-PRD cautious (PP about (NP (NP the sharp gains) (SBAR (WHNP-2 0) (S (NP-SBJ these issues) (VP made (NP *T*-2) (NP-TMP this week))))))))))))))))) , (NP-SBJ the Wako official) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ Fund managers) (VP said (SBAR 0 (S (NP-SBJ (NP Friday 's) profittaking) (VP was (NP-PRD (NP a natural result) (PP of (NP (NP (NP the week 's) `` abnormal fever '') (PP-LOC in (S-NOM (NP-SBJ *) (VP buying (NP (NP real estate) , (NP shipbuilding) , (NP steel) and (NP construction shares)))))))))))) .)) (TOP (S (NP-SBJ Frankfurt prices) (VP closed (ADJP-CLR lower) (ADVP-TMP again) (NP-TMP Friday) , (NP-ADV (NP (NP the fourth decline) (PP-TMP in (NP the past five days))) and (NP (NP the culmination) (PP of (NP (NP a week) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP saw (S (NP-SBJ the DAX index) (VP lose (NP 4 %))))))))))) .)) (TOP (S (NP-SBJ The DAX) (VP dropped (NP-EXT 19.69 points) (NP-TMP Friday) (PP-DIR to (NP 1462.93))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ (NP the continued turbulence) (PP-LOC in (NP other markets)) , (VP coupled (NP *) (PP-CLR with (NP (NP the drop) (PP-LOC in (NP London)) (PP following (NP the Lawson resignation))))) ,) (VP were (ADJP-PRD responsible))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR (SBAR that (S (NP-SBJ selling pressure) (VP was n't (ADJP-PRD enormous)))) and (SBAR that (S (NP-SBJ the DAX) (VP dropped (NP-TMP Friday) (PP (ADVP more) on (NP (NP a lack) (PP of (NP any substantial buying interest))))))))) .)) (TOP (S (NP-SBJ They) (VP said (SBAR 0 (SINV (VP-TPC-1 contributing (PP-CLR to (NP the downward drift))) (VP was (VP *T*-1)) (NP-SBJ the fact (SBAR that (S (NP-SBJ-2 many professional traders) (VP had (VP chosen (S (NP-SBJ *-2) (VP to (VP square (NP positions) (ADVP-TMP ahead (PP of (NP the weekend)))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD (NP the whole uncertainty) (PP about (SBAR-NOM (WHNP-2 what) (S (NP-SBJ *T*-2) (VP 's (VP happening (PP-LOC around (NP us)))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Valentin Von Korff) , (NP (NP a trader) (PP-LOC at (NP (NP Credit Suisse First Boston) (PP-LOC in (NP Frankfurt)))))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ you) (VP take (ADVP-CLR away) (NP the outside influences)))) , (NP-SBJ (NP the market) (NP itself)) (VP looks (ADJP-PRD very cheap)) .)) (TOP (S (SBAR-NOM-SBJ-2 (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (VP happening (ADVP-LOC here))))) (VP is n't (VP justified (NP *-2) (PP by (NP-LGS the fundamentals)))) . '')) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ the market) (VP remains (ADJP-PRD extremely nervous) (PP-PRP because of (NP (NP the wild swings) (VP seen (NP *) (PP-LOC on (NP the New York Stock Exchange)) (NP-TMP last week)))))))) .)) (TOP (S-1 (NP-SBJ That) (VP 's (VP (VP leaving (NP small investors) (PP-CLR with (NP cold feet))) (PRN , (S (NP-SBJ they) (VP said (SBAR 0 (S *T*-1)))) ,) and (VP prompting (S (NP-SBJ institutions) (VP to (VP take (NP (NP a reserved stance) (PP-LOC on (NP the sidelines))) (ADVP as well) , (SBAR-TMP (ADVP at least) until (S (NP-SBJ (NP the market) (PP-LOC in (NP New York))) (VP settles (PRT down) (ADVP-MNR somewhat)))))))))) .)) (TOP (S (ADVP-LOC Elsewhere) , (NP-SBJ share prices) (VP (VP closed (ADJP-CLR lower) (PP-LOC in (NP Paris , Zurich , Amsterdam , Brussels and Stockholm))) , and (VP were (ADJP-PRD mixed) (PP-LOC in (NP Milan)))) .)) (TOP (S (NP-SBJ-1 The British shakeup) (VP was (VP (ADVP-MNR widely) cited (NP *-1) (PP for (NP the declines)))) .)) (TOP (S (NP-SBJ Share prices) (ADVP also) (VP closed (ADJP-CLR lower) (PP-LOC in (NP (NP Sydney) , (NP Hong Kong) , (NP Singapore) , (NP Taipei) , (NP Manila) , (NP Wellington) and (NP Seoul)))) .)) (TOP (S (NP-SBJ (NP Concern) (PP about (NP (NP declines) (PP-LOC in (NP (NP other markets) , (ADVP especially) (NP New York) ,))))) (VP caused (NP selling pressure)) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP price trends) (PP-LOC on (NP (NP the world 's) major stock markets)) , (SBAR as (S (NP-SBJ-2 *) (VP calculated (NP *-2) (PP by (NP-LGS (NP Morgan Stanley Capital International Perspective) , (NP-LOC Geneva))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP make (S (NP-SBJ them) (ADJP-PRD directly comparable))))) , (NP-SBJ-1 each index) (VP is (VP based (NP *-1) (PP-CLR on (S-NOM (NP-SBJ (NP the close) (PP of (NP 1969))) (VP equaling (NP 100)))))) .)) (TOP (S (NP-SBJ The percentage change) (VP is (PP-PRD since (NP year-end))) .)) (TOP (NP (NP (NP Last week 's) (ADJP (ADVP best and worst) performing) stocks) (PP-LOC among (NP (NP those issues) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP make (PRT up) (NP (NP 80 %) (PP of (NP (NP the world 's) stock market capitalization))) (PRN -LRB- (PP in (NP local currency)) -RRB-)))))))) (TOP (NP (NP Source) : (NP Morgan Stanley Capital Intl) .)) (TOP (S-HLN (NP-SBJ APARTHEID FOES) (VP STAGED (NP a massive anti-government rally) (PP-LOC in (NP South Africa))) .)) (TOP (S (NP-SBJ (QP More than 70,000) people) (VP (VP filled (NP (NP a soccer stadium) (PP-LOC on (NP (NP the outskirts) (PP of (NP (NP the black township) (PP of (NP Soweto)))))))) and (VP welcomed (NP (NP freed leaders) (PP of (NP the outlawed African National Congress))))) .)) (TOP (S (NP-SBJ-1 It) (VP was (VP considered (S (NP-SBJ *-1) (NP-PRD (NP South Africa 's) largest opposition rally)))) .)) (TOP (S (NP-SBJ (NP Walter Sisulu) , (NP (NP (NP the ANC 's) former secretary general) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP served (NP 26 years) (PP-LOC-CLR in (NP prison)) (PP-TMP before (S-NOM (NP-SBJ-1 *T*-3) (VP being (VP released (NP *-1) (ADVP-TMP (NP two weeks) ago))))))))) ,) (VP urged (NP peace , negotiation and discipline)) .)) (TOP (S (S (NP-SBJ (NP President de Klerk 's) government) (VP permitted (NP the rally))) , and (S (NP-SBJ security forces) (VP did n't (VP interfere))) .)) (TOP (S (NP-SBJ-1 (NP (NP (NP Pretoria 's) approval) (PP of (NP the demonstration))) and (NP (NP the ANC 's) conciliatory tone)) (VP appeared (S (NP-SBJ *-1) (VP aimed (PP-CLR at (S-NOM (NP-SBJ *) (VP setting (PRT up) (NP (NP negotiations) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP give (NP blacks) (NP political rights)))))))))))) .)) (TOP (S-HLN (NP-SBJ CONGRESSIONAL LEADERS) (VP BACKED (NP (NP (NP Bush 's) criticism) (PP of (NP (NP Nicaragua 's) Ortega)))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ lawmakers) (VP have n't (VP raised (NP (NP the possibility) (PP of (S-NOM (NP-SBJ *) (VP renewing (NP (NP military aid) (PP to (NP the Contras))) (PP-TMP following (NP (NP Ortega 's) weekend threat (S (NP-SBJ *) (VP to (VP end (NP a truce)))))))))))))) , (NP-SBJ Senate Majority Leader Mitchell) (VP said (PP-LOC on (NP NBC-TV)) (SBAR that (S (NP-SBJ Ortega) (VP had (VP made `` (NP a (ADJP very unwise) move)))))) .)) (TOP (S '' (NP-SBJ-2 Minority Leader Dole) (VP plans (S (NP-SBJ *-2) (VP to (VP offer (NP-3 a resolution) (NP-TMP tomorrow) (S-ADV (NP-SBJ *-3) (VP denouncing (NP (NP the Nicaraguan president) , (SBAR (WHNP-1 whose remarks) (S (NP-SBJ *T*-1) (VP came (PP-TMP during (NP (NP a celebration) (PP-LOC in (NP Costa Rica)) (VP marking (NP (NP regional moves) (PP to (NP democracy)))))))))))))))) .)) (TOP (S (NP-SBJ Ortega) (VP cited (NP (NP renewed attacks) (PP by (NP the U.S.backed rebels)))) .)) (TOP (S (NP-SBJ Lawmakers) (VP must (VP decide (NP-TMP next month) (SBAR whether (S (NP-SBJ the Contras) (VP will (VP get (NP so-called humanitarian aid) (PP-LOC under (NP (NP a bipartisan agreement) (VP reached (NP *) (PP-TMP in (NP March))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Spain 's) Socialist Party) (VP claimed (NP (NP victory) (PP-LOC in (NP nationwide elections))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ it) (VP had (VP retained (NP its parliamentary majority) (PP-MNR by (NP one seat))))))))) .)) (TOP (S (SBAR-ADV With (S (NP-SBJ-1 all the votes) (VP counted (NP *-1)))) , (NP-SBJ a government spokesman) (VP said (SBAR 0 (S (NP-SBJ (NP Prime Minister Gonzalez 's) party) (VP won (NP 176 seats) (PP-LOC in (NP (NP the 350-seat Cortes) , or (NP (NP lower house) (PP of (NP parliament))))))))) .)) (TOP (S (NP-SBJ The Socialists) (VP held (NP 184 seats) (PP-TMP going (PP into (NP the balloting)))) .)) (TOP (S (NP-SBJ (NP Thousands) (PP of (NP East Germans))) (VP (VP attended (NP (NP public rallies) (VP organized (NP *) (PP by (NP-LGS the Communist leadership))))) and (VP demanded (NP (NP free speech) , (NP (NP controls) (PP-LOC on (NP the security forces))) and (NP (NP an end) (PP to (NP official privileges)))))) .)) (TOP (S (NP-SBJ-1 (NP The gatherings) (UCP-LOC (PP in (NP East Berlin)) and (ADVP elsewhere))) (VP were (VP viewed (NP *-1) (PP-CLR as (NP (NP part) (PP of (NP a government effort (S (NP-SBJ *) (VP to (VP stop (NP-3 activists) (PP-CLR from (S-NOM (NP-SBJ-2 *-3) (VP staging (NP protests) (S-PRP (NP-SBJ *-2) (VP to (VP press (NP their demands)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Dissidents) (PP-LOC in (NP Czechoslovakia))) (VP said (SBAR 0 (S (NP-SBJ (NP the nation 's) pro-democracy movement) (VP was (VP growing (PP despite (NP (NP the government 's) move (S (NP-SBJ *) (VP to (VP crush (NP (NP a protest) (PP-LOC *ICH*-1)) (NP-TMP Saturday) (PP-LOC-1 in (NP (NP Prague 's) Wenceslas Square)))))))))))) .)) (TOP (S (NP-SBJ (QP More than 10,000) demonstrators) (VP had (VP called (PP-CLR for (NP (NP free elections) and (NP (NP the resignation) (PP of (NP Communist Party leader Milos Jakes))))))) .)) (TOP (S (NP-SBJ Police) (VP detained (NP (QP more than 350) people)) .)) (TOP (S (NP-SBJ Federal investigators) (VP have (VP determined (SBAR 0 (S (NP-SBJ (NP a metallurgical flaw) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP developed (PP-TMP during (NP (NP the making) (PP of (NP an engine disk)))))))) (VP led (PP-CLR to (NP (NP the July crash) (PP of (NP a United Airlines jetliner)) (PP-LOC in (NP (NP Sioux City) , (NP Iowa))))) , (S-ADV (NP-SBJ *) (VP killing (NP 112 people)))))))) .)) (TOP (S (NP-SBJ Congress) (VP sent (PP-DTV to (NP Bush)) (NP (NP an (ADJP (QP $ 8.5 billion) *U*) military construction bill) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP cuts (NP (NP spending) (PP for (NP new installations))) (PP-EXT by (NP 16 %))))))) .)) (TOP (S (NP-SBJ The measure) (ADVP also) (VP moves (NP (NP (QP more than $ 450 million) *U*) (PP-LOC in (NP the Pentagon budget))) (PP-CLR to (NP home-state projects)) (PP-CLR from (NP foreign bases))) .)) (TOP (S (NP-SBJ-1 (UCP U.S. and Soviet) officials) (VP are (S (NP-SBJ *-1) (VP to (VP open (NP-4 (NP a new round) (PP of (NP talks))) (NP-TMP today) (S-ADV (NP-SBJ-2 *-4) (VP aimed (NP *-2) (PP-CLR at (S-NOM (NP-SBJ *) (VP reducing (NP chemical-weapons arsenals) (PP-LOC amid (NP (NP superpower differences) (PP over (SBAR whether (S (NP-SBJ-3 *) (VP to (VP stop (S (NP-SBJ *-3) (VP making (NP the gases))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The talks) (PP-LOC in (NP New York))) (VP are (NP-PRD (NP the first) (SBAR-TMP since (S (NP-SBJ (NP Bush) and (NP Soviet Foreign Minister Shevardnadze)) (VP unveiled (NP proposals (S *ICH*-1)) (PP-TMP in (NP September)) (S-1 (NP-SBJ *) (VP to (VP scrap (NP existing weapons))))))))) .)) (TOP (S (NP-SBJ Afghan guerrillas) (VP bombarded (NP Kabul) (PP-LOC in (NP (NP a weekend assault) (SBAR (WHNP-1 that) (S (NP-SBJ Western diplomats) (VP called (S (NP-SBJ *T*-1) (NP-PRD (NP one) (PP of (NP (NP the biggest offensives) (SBAR-TMP since (S (NP-SBJ the Soviet Union) (VP completed (NP a troop withdrawal) (PP-TMP in (NP February))))))))))))))) .)) (TOP (S (S (NP-SBJ The rebels) (ADVP also) (ADVP reportedly) (VP tightened (NP (NP a blockade) (PP on (NP (NP roads) (VP leading (PP-DIR to (NP the capital)))))))) , and (S (NP-SBJ government forces) (VP shelled (NP (NP a guerrilla-held area) (PP-LOC in (NP western Afghanistan))))) .)) (TOP (S (NP-SBJ (NP Lebanon 's) Christian leader) (VP convened (NP (NP an emergency meeting) (PP of (NP his cabinet))) (PP-TMP after (NP indications (SBAR that (S (NP-SBJ he) (VP might (VP dissolve (NP Parliament) (PP in (NP an attempt (S (NP-SBJ *) (VP to (VP scuttle (NP an Arab-sponsored peace plan))))))))))))) .)) (TOP (S (NP-SBJ Gen. Michel Aoun) (VP rejected (NP the pact) (SBAR-PRP because (S (NP-SBJ-1 it) (VP fails (S (NP-SBJ *-1) (VP to (VP provide (NP (NP a timetable) (PP for (NP (NP a Syrian troop pullout) (PP from (NP Lebanon)))))))))))) .)) (TOP (S (NP-SBJ (NP Authorities) (PP-LOC in (NP Hawaii))) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the wreckage) (PP of (NP (NP a missing commuter plane) (PP with (NP (NP 20 people) (ADVP-LOC aboard)))))) (VP was (VP spotted (NP *-1) (PP-LOC in (NP (NP a remote valley) (PP-LOC on (NP (NP the island) (PP of (NP Molokai))))))))))) .)) (TOP (S (NP-SBJ There) (VP was n't (NP-PRD (NP any evidence) (PP of (NP survivors)))) .)) (TOP (S (NP-SBJ-1 The plane) (VP failed (S (NP-SBJ *-1) (VP to (VP reach (NP (NP Molokai 's) airport)))) (NP-TMP Saturday) (SBAR-ADV while (S (NP-SBJ *-1) (PP-PRD on (NP (NP a flight) (PP from (NP (NP the neighboring island) (PP of (NP Maui))))))))) .)) (TOP (S (NP-SBJ-1 The Oakland Athletics) (VP won (NP (NP baseball 's) World Series) , (S-ADV (NP-SBJ *-1) (VP defeating (NP the San Francisco Giants) (PP-LOC in (NP a four-game sweep))))) .)) (TOP (S (NP-SBJ (NP An earthquake) (NP-TMP Oct. 17) (PP-LOC in (NP Northern California))) (VP had (VP caused (NP (NP a 10-day delay) (ADVP-LOC midway (PP through (NP (NP the championship contest) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP ended (NP-TMP Saturday) (PP-LOC at (NP (NP San Francisco 's) Candlestick Park))))))))))) .)) (TOP (SINV Died : (NP-SBJ (NP Rudolf von Bennigsen-Foerder) , (NP 63) , (NP (NP chairman) (PP of (NP (NP Veba AG) (PP of (NP West Germany)))))) , (PP-LOC in (NP Duesseldorf)) , (PP-CLR of (NP pneumonia)) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The (ADJP West German) machinery and plant equipment industry 's) orders) (VP rose (NP-EXT an inflation-adjusted 1 %) (PP-TMP in (NP September)) (PP-DIR from (NP-TMP a year earlier)) (PP despite (NP (NP a sharp drop) (PP-LOC in (NP foreign orders)))))) , (NP-SBJ (NP the German Association) (PP of (NP Machinery Makers))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S-1 (PP-TMP Before (NP (NP adjustment) (PP for (NP inflation)))) (PRN , (S (NP-SBJ the association) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ orders) (VP were (ADVP-PRD up (NP a nominal 5 %))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ domestic orders) (VP climbed (NP-EXT (NP an adjusted 8 %) and (NP a nominal 11 %)) (PP-TMP in (NP September))))) , (NP-SBJ foreign orders) (VP (VP declined (NP-EXT-1 4 %) (PP-TMP-2 after (NP inflation))) and (VP (NP-EXT=1 1 %) (PP=2 on (NP a nominal basis)))) .)) (TOP (S (PP-TMP In (NP the third quarter)) , (NP-SBJ orders) (VP rose (NP-EXT (NP a real 5 %) and (NP a nominal 9 %))) .)) (TOP (S (NP-SBJ Domestic orders) (VP were (ADVP-PRD up (NP (NP a real 11 %) and (NP a nominal 14 %))) , (SBAR-ADV while (S (NP-SBJ foreign orders) (VP rose (NP-EXT (NP a real 1 %) and (NP a nominal 5 %)))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Michael S. Perry) (VP took (NP the podium) (PP-LOC at (NP a recent cosmetics industry event)) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP (QP more than 500) executives) (VP packing (NP the room))) (VP snapped (PP-CLR to (NP attention))) .)) (TOP (S (NP-SBJ-2 (NP Mr. Perry) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP (NP Unilever Group 's) world-wide personal-care business)))) ,) (VP paused (S-PRP (NP-SBJ *-2) (VP to (VP scan (NP the crowd))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP see (SBAR 0 (S (NP-SBJ we) (VP have (S (NP-SBJ (QP about half) the audience) (VP working (PP-CLR for (NP us))))))))) , '' (NP-SBJ he) (VP said (S *T*-1) , (NP-MNR (NP tongue) (PP-LOC in (NP cheek)))) .)) (TOP (S `` (NP-TPC-1 The other half) , (NP-SBJ we) (VP may (VP have (NP *T*-1) (PP-TMP before (NP long)))) . '')) (TOP (S (S (NP-SBJ (NP Members) (PP of (NP the audience))) (VP (VP gasped) or (VP laughed (ADVP-MNR nervously)))) ; (S (NP-SBJ-1 their industry) (VP has (VP been (VP unsettled (NP *-1) (ADVP-TMP recently) (PP by (NP-LGS acquisitions)))))) .)) (TOP (S (ADVP-TMP First) (NP-SBJ-1 (NP Unilever) , (NP the Anglo-Dutch packaged-goods giant) ,) (VP spent (NP (QP $ 2 billion) *U*) (S-PRP (NP-SBJ *-1) (VP to (VP acquire (NP (NP brands) (PP such as (NP (NP Faberge) and (NP Elizabeth Arden)))))))) .)) (TOP (S (NP-SBJ It) (ADVP-TMP now) (VP holds (NP (NP the No. 3 position) (PP-LOC at (NP U.S. department-store cosmetic counters)))) .)) (TOP (S Then (NP-SBJ-1 Procter & Gamble Co.) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP Noxell Corp.) (PP-CLR for (NP (QP $ 1.3 billion) *U*)))))) .)) (TOP (S (NP-SBJ-3 (NP That acquisition) , (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP completed (NP *-1) (PP-TMP by (NP year end))))))) ,) (VP will (VP include (NP the Cover Girl and Clarion makeup lines) , (S-ADV (NP-SBJ *-3) (VP making (S (NP-SBJ P&G) (NP-PRD (NP the top marketer) (PP of (NP cosmetics)) (PP-LOC in (NP mass-market outlets)))))))) .)) (TOP (S (S-CLF (NP-SBJ It) (VP 's not (ADVP-CLR so much) (NP-PRD (NP the idea) (PP of (NP acquisitions)) (PP *ICH*-2)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP agitated (NP the cosmetics industry))))) (PP-2 as (NP (NP the companies) (VP doing (NP the acquiring)))))) : (S (NP-SBJ-3 P&G and Unilever) (VP bring (PP-CLR with (NP them)) (NP (NP great experience) (PP with (NP (NP mundane products) (PP like (NP (NP soap) and (NP toilet paper)))))) , (S-ADV (NP-SBJ *-3) (VP sparking (NP disdain) (PP-LOC in (NP the glitzy cosmetics trade)))))) ; but (S (NP-SBJ they) (ADVP also) (VP bring (NP mammoth marketing clout) , (S-ADV (NP-SBJ *) (VP sparking (NP fear))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADVP-PRD far (PP from (ADJP certain))) (SBAR-1 that (S (NP-SBJ (NP companies) (VP (ADVP-MNR best) known (NP-2 *) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP selling (NP (NP Promise margarine) and (NP Tide detergent))))))) (VP will (VP succeed (PP-LOC in (NP cosmetics))))))))) , (NP-SBJ there) (VP 's (NP-PRD little doubt (SBAR 0 (S (NP-SBJ they) (VP will (VP shake (PRT up) (NP the industry))))))) .)) (TOP (S (ADVP-TMP For now) , (NP-SBJ both companies) (VP are (VP keeping (ADJP-PRD quiet (PP about (NP their specific plans))))) .)) (TOP (S But (NP-SBJ industry watchers) (VP expect (S (NP-SBJ them) (VP to (VP blend (NP (NP the methodical marketing strategies) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP use (NP *T*-1) (PP-CLR for (NP (ADJP more mundane) products)))))) (PP-CLR with (NP (NP the (ADJP more intuitive) approach) (ADJP typical (PP of (NP cosmetics companies))))))))) .)) (TOP (S (NP-SBJ Likely changes) (VP include (NP (NP (NP more emphasis) (PP on (NP research))) , (NP soaring advertising budgets) and (NP aggressive pricing))) .)) (TOP (S But (NP-SBJ some cosmetics-industry executives) (VP wonder (SBAR whether (S (NP-SBJ (NP techniques) (VP honed (NP *) (PP-LOC in (NP packaged goods)))) (VP will (VP translate (PP-CLR to (NP the cosmetics business))))))) .)) (TOP (S (NP-SBJ (NP Estee Lauder Inc.) , (NP Revlon Inc.) and (NP other cosmetics houses)) (ADVP traditionally) (VP have (VP considered (S (NP-SBJ themselves) (NP-PRD (NP fashion enterprises) (SBAR (WHNP-2 whose product development) (S (NP-SBJ-1 *T*-2) (VP is (VP guided (NP *-1) (PP by (NP-LGS (NP the creative intuition) (PP of (NP their executives)))))))))))) .)) (TOP (S (S (NP-SBJ Cosmetics companies) (VP roll (PRT out) (NP new makeup colors) (NP-TMP (NP several times) (NP-ADV a year)))) , and (S (SBAR-PRP since (S (NP-SBJ-1 most products) (VP can (VP be (VP (ADVP-MNR easily) copied (NP *-1) (PP by (NP-LGS competitors))))))) , (NP-SBJ-2 they) (VP 're (ADJP-PRD loath (S (NP-SBJ *-2) (VP to (VP test (NP them) (PP-CLR with (NP consumers)))))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-PRP Just because (S (NP-SBJ upscale cosmetics) (VP (VP look (PP-CLR like (NP packaged goods))) and (VP smell (PP-CLR like (NP packaged goods)))))) , (NP-SBJ it) (VP does n't (VP mean (SBAR 0 (S (NP-SBJ they) (VP are (NP-PRD packaged goods))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Leonard Lauder) , (NP (NP chief executive) (PP of (NP Estee Lauder)))) .)) (TOP (S `` (NP-SBJ They) (VP 're (ADVP really) (NP-PRD (NP fashion items) (VP wrapped (NP *) (PRT up) (PP-CLR in (NP little jars))))) . '')) (TOP (S (PP In (NP (NP contrast) (PP to (NP (NP the (ADJP more artistic) nature) (PP of (NP traditional cosmetics houses)))))) , (NP-SBJ Unilever and P&G) (VP are (NP-PRD (NP the habitats) (PP of (NP (NP organization men) (PP in (NP gray-flannel suits)))))) .)) (TOP (S (NP-SBJ Both companies) (VP are (NP-PRD (NP conservative marketers) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP rely (PP-CLR on (NP extensive market research))))))) .)) (TOP (S (NP-SBJ P&G) , (PP in (NP particular)) , (ADVP-TMP rarely) (VP rolls (PRT out) (NP a product) (ADVP-LOC nationally) (PP-TMP before (NP extensive test-marketing))) .)) (TOP (S (NP-SBJ Both) (VP can (VP be (ADJP-PRD extremely aggressive (PP at (S-NOM (NP-SBJ *) (VP pricing (NP (NP such products) (PP as (NP soaps and diapers))))))) -- (PP to (NP the extent (SBAR that (S (NP-SBJ some industry consultants) (VP predict (SBAR 0 (S (NP-SBJ (NP cents-off coupons) (PP for (NP mascara))) (VP could (VP result (PP-CLR from (NP (NP their entry) (PP into (NP the field))))))))))))))) .)) (TOP (S (NP-SBJ P&G) (ADVP-TMP already) (VP has (VP shown (SBAR 0 (S (NP-SBJ it) (VP can (VP meld (NP some traditional packaged-goods techniques) (PP-CLR with (NP (NP the image-making) (PP of (NP the cosmetics trade)))) (PP-LOC in (NP (NP the mass-market end) (PP of (NP the business)))))))))) .)) (TOP (S (NP-SBJ *) (VP Consider (NP (NP (NP Oil) (PP of (NP Olay))) , (SBAR (WHNP-1 which) (S (NP-SBJ P&G) (VP acquired (NP *T*-1) (PP-CLR as (NP (NP part) (PP of (NP Richardson-Vicks International)))) (PP-TMP in (NP 1985))))))) .)) (TOP (S (NP-SBJ (NP The moisturizer) , (VP introduced (NP *) (PP-TMP in (NP 1962))) ,) (VP had (NP a dowdy image)) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ (NP Oil) (PP of (NP Olay))) (VP brought (PP-CLR with (NP it)) (NP (NP the baggage) (PP of (S-NOM (NP-SBJ-1 *) (VP being (VP used (NP *-1) (PP (ADVP basically) by (NP-LGS (NP older women) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP had (ADVP-TMP already) (VP aged))))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP David Williams) , (NP (NP a consultant) (PP with (NP New England Consulting Group)))) .)) (TOP (S (NP-SBJ-1 P&G) (VP set (ADVP-CLR out) (S-CLR (NP-SBJ-3 *-1) (VP to (VP reposition (NP the brand) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP broadening (NP-2 the product line) (S-CLR (NP-SBJ *-2) (VP to (VP include (NP (NP facial cleansers) and (NP (NP moisturizers) (PP for (NP sensitive skin)))))))))))))) .)) (TOP (S (NP-SBJ-2 It) (ADVP also) (VP redesigned (NP (NP (NP Oil) (PP of (NP Olay)) 's) packaging) , (S-ADV (NP-SBJ-1 *-2) (VP stamping (NP the traditional pink boxes) (PP-CLR with (NP gold lines)) (S-PRP (NP-SBJ *-1) (VP to (VP create (NP a (ADJP more opulent) look))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ P&G) (VP shifted (NP its ad campaign) (PP-CLR from (NP (NP one) (VP targeting (NP older women)))) (PP-CLR to (NP (NP one) (VP featuring (NP (NP a woman) (PP in (NP her mid-30s)) (VP vowing `` (S (NP-SBJ *) not (VP to (VP grow (ADJP-PRD old) (ADVP-MNR gracefully)))))))))) . '')) (TOP (S (NP-SBJ The company) (VP says (SBAR 0 (S (NP-SBJ sales) (VP have (VP soared))))) .)) (TOP (S (NP-SBJ (NP Goliaths) (PP like (NP Unilever and P&G))) (VP have (NP (NP enormous financial advantages) (PP over (NP smaller rivals)))) .)) (TOP (SINV (S-TPC-2 (NP-TMP Next year) , (NP-SBJ-1 Noxell) (VP plans (S (NP-SBJ *-1) (VP to (VP roll (PRT out) (NP (NP a perfume) (VP called (S (NP-SBJ *) (NP-PRD Navy))))))))) , (VP says (S *T*-2)) (NP-SBJ (NP George L. Bunting Jr.) , (NP (NP chairman) (PP of (NP Noxell)))) .)) (TOP (S (PP Without (NP (NP P&G 's) backing)) , (NP-SBJ-1 Noxell) (VP might not (VP have (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP spend (NP (NP the estimated (QP $ 5 million to $ 7 million) *U*) (VP needed (NP *) (S-PRP-CLR (NP-SBJ-2 *) (VP to (VP accomplish (NP that) (PP without (S-NOM (NP-SBJ *-2) (VP scrimping (PP-CLR on (NP its existing brands))))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Packaged-goods companies) `` (VP will (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (ADJP-PRD tougher) (SBAR-2 for (S (NP-SBJ smaller people) (VP to (VP remain (ADJP-PRD competitive))))))))) , '' (NP-SBJ Mr. Bunting) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Further consolidations) (PP-LOC in (NP the industry))) (VP could (VP follow)) .)) (TOP (S (NP-SBJ Rumors (SBAR that (S (NP-SBJ-1 Unilever) (VP is (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *-1) (VP acquiring (NP (NP Schering-Plough Corp. 's) Maybelline unit))))))))) (VP are (ADJP-PRD widespread)) .)) (TOP (S (S (NP-SBJ Unilever) (VP wo n't (VP comment))) ; (S (NP-SBJ Schering) , (ADVP however) , (VP denies (SBAR 0 (S (NP-SBJ the brand) (VP is (PP-PRD for (NP sale))))))) .)) (TOP (S (NP-SBJ-1 (NP The presence) (PP of (NP Unilever and P&G))) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP increase (NP (NP the impact) (PP of (NP advertising)) (PP on (NP cosmetics)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the two) (VP are (PP-PRD among (NP (NP the world 's) biggest advertisers))))) , (NP-SBJ (NP most makers) (PP of (NP upscale cosmetics))) (VP spend (NP relatively little) (PP-CLR on (NP national ads))) .)) (TOP (S (ADVP Instead) , (NP-SBJ they) (VP (VP focus (PP-CLR on (NP (NP events) (PP-LOC in (NP department stores))))) and (VP pour (NP their promotional budgets) (PP-CLR into (NP (NP gifts) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP go (ADVP-CLR along (PP with (NP purchases)))))))))) .)) (TOP (S (S (NP-SBJ Estee Lauder) , (PP for (NP example)) , (VP spends (NP (NP only an estimated 5 %) (PP of (NP sales))) (PP-CLR on (NP (NP advertising) (PP-LOC in (NP the U.S.)))))) , and (S (NP-SBJ Mr. Lauder) (VP says (SBAR 0 (S (NP-SBJ he) (VP has (NP no plans (S (NP-SBJ *) (VP to (VP change (NP his strategy)))))))))) .)) (TOP (S (NP-SBJ The most dramatic changes) , (ADVP however) , (ADVP probably) (VP will (VP come (PP-LOC in (NP new-product development)))) .)) (TOP (S (NP-SBJ (NP (QP Nearly 70) %) (PP of (NP cosmetics sales))) (VP come (PP-CLR through (NP (NP mass-distribution outlets) (PP such as (NP (NP drug stores) and (NP supermarkets))))) , (PP according (PP to (NP (NP Andrew Shore) , (NP (NP an analyst) (PP-LOC at (NP Shearson Lehman Hutton Inc))))))) .)) (TOP (S (NP-SBJ That figure) (VP has (VP been (VP inching (ADVP-CLR up) (PP-TMP for (NP several years))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ the trend) (VP continues))) , (NP-SBJ-2 (NP demand) (PP for (NP (NP mass-market items) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (UCP-PRD (NP high quality) but (ADJP (ADVP only) mid-priced))))) (PRN -- (ADVP particularly) (NP skin-care products) --)))) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP increase))))) .)) (TOP (S (NP-TMP This fall) , (PP for (NP example)) , (NP-SBJ (NP L'Oreal Group) , (NP ordinarily a high-end line) ,) (VP rolled (PRT out) (NP (NP a drug-store line) (PP of (NP skin-care products)) (VP called (S (NP-SBJ *) (NP-PRD Plenitude))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP retail (PP-CLR for (NP (QP $ 5 to $ 15) *U*))))))) .)) (TOP (S (NP-SBJ-1 The packaged-goods marketers) (VP may (VP try (S (NP-SBJ *-1) (VP filling (NP that gap) (PP-CLR with (NP (NP a spate) (PP of (NP new products)))))))) .)) (TOP (S (PP Unlike (NP the old-line cosmetics houses)) , (NP-SBJ Unilever and P&G) both (VP have (NP (NP enormous research and development bases) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP draw (PP-CLR on (NP *T*-1)) (PP-CLR for (NP new products)))))))) .)) (TOP (S (NP-SBJ-1 P&G) , (PP in (NP fact)) , (VP is (VP noted (NP-3 *-1) (PP-CLR for (S-NOM (NP-SBJ-4 *-3) (VP gaining (NP market leadership) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP introducing (NP (NP products) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP offer (NP (NP a technical edge) (PP over (NP the competition))))))))))))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP its Tide detergent))) (VP soared (NP-TMP earlier this year) , (PP for (NP example)) , (SBAR-TMP after (S (NP-SBJ P&G) (VP introduced (NP (NP a version) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (NP (NP a bleach) (ADJP safe (PP for (NP all colors and fabrics)))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (VP led (S (NP-SBJ industry executives) (VP to (VP speculate (SBAR that (S (NP-SBJ-1 future product development) (VP will (VP be (VP driven (NP *-1) (PP (PP (ADVP more) by (NP-LGS technological innovation)) (PP than (PP by (NP-LGS fashion whims)))) -- (PP-LOC (ADVP especially) among (NP mass-market brands)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP will (VP be (NP-PRD (NP more emphasis) (PP on (NP quality)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Guy Peyrelongue) , (NP (NP chief executive) (PP of (NP (NP Cosmair Inc.) , (NP (NP the U.S. licensee) (PP of (NP L'Oreal))))))) .)) (TOP (S `` (NP-SBJ You) (VP 'll (VP see (NP fewer gimmicks))) . '')) (TOP (S But (NP-SBJ (NP success) (PP for (NP Unilever and P&G))) (VP is (ADVP-PRD far (PP from (ADJP guaranteed))) , (SBAR-ADV as (S (NP-SBJ-3 *) (VP shown (NP *-3) (PP by (NP-LGS (NP the many consumer-product companies) (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP have (VP tried and failed (S-1 (NP-SBJ *-4) (VP to (VP master (NP the quirky beauty business)))))))))))))) .)) (TOP (S (PP-TMP In (NP the 1970s)) , (NP-SBJ (NP several (ADJP pharmaceutical and packaged-goods) companies) , (PP including (NP (NP Colgate-Palmolive Co.) , (NP Eli Lilly & Co.) , (NP Pfizer Inc.) and (NP Schering-Plough)))) (VP acquired (NP cosmetics companies)) .)) (TOP (S (NP-SBJ Industry consultants) (VP say (SBAR 0 (S (NP-SBJ (NP only Schering-Plough) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP the mass-market Maybelline)))) ,) (VP has (VP maintained (NP a meaningful business)))))) .)) (TOP (S (NP-SBJ (NP Colgate) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP acquired (NP Helena Rubenstein) (PP-TMP in (NP 1973))))) ,) (VP sold (NP the brand) (ADVP-TMP (NP seven years) later) (SBAR-TMP after (S (NP-SBJ the brand) (VP languished)))) .)) (TOP (S (NP-SBJ Unilever) (ADVP-TMP already) (VP has (VP experienced (NP some disappointment))) .)) (TOP (S (NP-SBJ (NP The mass-market Aziza brand) , (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP acquired (NP *T*-1) (PP-TMP in (NP 1987)) (PP along (PP with (NP (NP Chesebrough-Pond 's) Inc.)))))) ,) (VP has (VP lost (NP share) , (PP according (PP to (NP industry analysts))))) .)) (TOP (S (NP-SBJ (NP The ritzy world) (PP of (NP department-store cosmetics retailing)) , (SBAR (WHADVP-1 where) (S (NP-SBJ Unilever) (VP is (VP concentrating (NP its efforts) (ADVP-LOC *T*-1))))) ,) (VP may (VP prove (ADJP-PRD (ADVP even more) treacherous))) .)) (TOP (S (PP-LOC In (NP this niche)) , (NP-SBJ makeup colors) (VP change (ADVP-TMP seasonally) (SBAR-PRP because (S (NP-SBJ-1 they) (VP are (VP linked (NP *-1) (PP-CLR to (NP ready-to-wear fashions))))))) .)) (TOP (S (SBAR-PRP Because (S (S (NP-SBJ brand loyalty) (VP is (ADJP-PRD weak))) and (S (NP-SBJ most cosmetics purchases) (VP are (ADJP-PRD unplanned))))) , (NP-SBJ (NP careful training) (PP of (NP store sales staffs)) (PP by (NP cosmetics companies))) (VP is (ADJP-PRD important)) .)) (TOP (S And (S-NOM-SBJ (NP-SBJ *) (VP cultivating (NP (NP a luxury image) (ADJP strong enough (S (NP-SBJ *) (VP to (VP persuade (NP-1 consumers) (S (NP-SBJ *-1) (VP to (VP pay (NP (QP more than $ 15) *U*) (PP-CLR for (NP (NP lipstick) or (NP eye makeup))))))))))))) (VP requires (NP (NP a subtle touch) (SBAR (WHNP-3 that) (S (NP-SBJ-2 packaged-goods companies) (VP have (ADVP-TMP yet) (S (NP-SBJ *-2) (VP to (VP demonstrate (NP *T*-3) (PP on (NP their own)))))))))) .)) (TOP (S (NP-SBJ There) (VP may (VP be (NP-PRD a truce) (PP-LOC in (NP (NP the long war) (PP of (NP nerves)) (PP between (NP (NP the White House) and (NP Congress))) (PP over (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ this country) (VP conducts (NP secret intelligence operations) (ADVP-LOC abroad) (ADVP-MNR *T*-1))))))))) .)) (TOP (S (PP-TMP After (NP (NP years) (PP of (NP mistrust)) (VP born (NP *) (PP-CLR of (NP (NP Watergate) , (NP (NP past misdeeds) (PP of (NP the Central Intelligence Agency))) , and (NP the Iran-Contra scandal)))))) , (NP-SBJ-1 (NP President Bush) and (NP the Senate Intelligence Committee)) (VP appear (ADJP-PRD ready (PRN -- (PP-TMP for (NP now)) , (ADVP at least) --) (S (NP-SBJ *-1) (VP to (VP trust (NP each other) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ it) (VP comes (PP-CLR to (S-NOM (NP-SBJ *) (VP setting (NP (NP policy) (PP on (NP covert activities)))))) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ that attitude) (VP lasts))) , (NP-SBJ it) (VP could (VP infuse (NP covert action planning) (PP-CLR with (NP (NP a level) (PP of (NP care and confidence)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP has n't (VP been (VP seen (NP *-1) (PP-TMP in (NP years))))))))))) .)) (TOP (S (PP-TMP Over (NP the past week)) , (NP-SBJ-1 the president) (VP has (VP agreed (S (NP-SBJ *-1) (VP (VP to (VP keep (S (NP-SBJ-2 the committee) (VP informed (NP *-2) (PRN , (ADVP-TMP usually) (PP-TMP in (NP advance)) ,) (PP-CLR of (NP covert actions)))))) and (VP to (VP put (NP key intelligence decisions) (PP-PUT in (NP writing)))))))) .)) (TOP (S (NP-SBJ That) (VP was n't (ADVP-TMP always) (NP-PRD (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ the Reagan administration) (VP handled (NP such matters) (ADVP-MNR *T*-1)))))) .)) (TOP (S (NP-SBJ-1 Mr. Bush) (VP has (VP pledged (ADVP as well) (S (NP-SBJ *-1) (VP to (VP respect (NP (NP the 14-year-old executive order) (VP barring (NP-2 U.S. agents) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP (VP assassinating (NP foreign leaders)) or (VP helping (S (NP-SBJ others) (VP to (VP do (ADVP-PRD so))))))))))))))) .)) (TOP (S (NP-SBJ Congress) (ADVP-TMP never) (VP (ADVP-MNR fully) trusted (S (NP-SBJ (NP former CIA chief William Casey) and (NP National Security Adviser John Poindexter)) (VP to (VP honor (NP the ban))))) .)) (TOP (S (PP Despite (NP (NP objections) (PP by (NP the CIA)))) , (NP-SBJ Mr. Bush) (ADVP also) (VP has (VP agreed (PP-CLR to (NP (NP the establishment) (PP of (NP (NP an inspector general) (PP-LOC at (NP the CIA)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP would (VP be (ADJP-PRD independent (PP of (NP the CIA director))))))))))))) .)) (TOP (S (PP In (NP return)) , (NP-SBJ the Senate panel) (VP has (VP dropped (NP efforts (S (NP-SBJ *) (VP to (VP enact (NP (NP legislation) (VP requiring (S (NP-SBJ the administration) (VP to (VP inform (NP it) (PP-TMP within (NP 48 hours)) (PP-CLR of (NP (NP the launching) (PP of (NP any covert activity))))))))))))))) .)) (TOP (S (NP-SBJ-1 It) (ADVP also) (VP (VP has (VP removed (NP (NP a ban) (PP on (NP (NP CIA use) (PP of (NP a contingency fund)) (PP for (NP covert acts))))))) and (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP wipe (ADVP-CLR away) (NP (NP some (ADJP tortured and legalistic) restrictions) (PP on (NP coup planning)) (VP put (NP-2 *) (PP-PUT in (NP place)) (S-PRP (NP-SBJ *-2) (VP to (VP ensure (SBAR that (S (NP-SBJ the CIA) (VP did n't (VP get (ADVP-CLR back) (PP-CLR in (NP the assassination game))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 We) (VP 've (ADVP-TMP finally) (VP been (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP convince (NP them) (SBAR that (S (NP-SBJ (NP Casey) and (NP -LCB- Oliver -RCB- North)) (VP do n't (VP work (ADVP-LOC here) (ADVP-TMP anymore)))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ one administration official) .)) (TOP (S (NP-SBJ The new understanding) (VP did n't (ADVP just) (VP spring (PP-CLR to (NP life)) (PP in (NP (NP a spontaneous eruption) (PP of (NP sweetness and light)))))) .)) (TOP (S (NP-SBJ It) (VP emerged (PP-TMP after (NP (NP a rancorous display) (PP of (NP old-style intelligence politics)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP followed (NP (NP (NP this month 's) failed coup attempt) (PP-LOC in (NP Panama))))))))) .)) (TOP (S (NP-SBJ-1 The White House) (VP used (NP (NP television appearances) and (NP leaks)) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP argue (SBAR that (S (NP-SBJ (NP (ADJP congressionally imposed) restrictions) (PP on (NP covert actions))) (VP made (S (NP-SBJ (NP U.S. support) (PP for (NP such coups))) (ADJP-PRD difficult))))))))) .)) (TOP (S (NP-SBJ Mr. Bush) (VP (ADVP even) disclosed (ADVP-MNR privately) (SBAR that (S (NP-SBJ (NP one Reagan-era deal) (PP with (NP Congress))) (VP required (S (NP-SBJ him) (VP to (VP notify (NP (NP the odious Panamanian dictator) , (NP Manuel Noriega) ,) (SBAR-ADV if (S (NP-SBJ the U.S.) (VP learned (PP-CLR of (NP (NP a coup plot) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP endanger (NP his life))))))))))))))))) .)) (TOP (S (NP-SBJ The president) (ADVP also) (VP hinted (SBAR 0 (S (NP-SBJ he) (VP might (VP veto (NP (NP this year 's) intelligence authorization bill) (SBAR-ADV if (S (NP-SBJ it) (VP is (ADJP-PRD too restrictive))))))))) .)) (TOP (S (NP-SBJ (NP (NP Intelligence Committee Chairman David Boren) (PRN -LRB- (NP D.) , (NP-LOC Okla .) -RRB-)) and (NP (NP Vice Chairman William Cohen) (PRN -LRB- (NP R.) , (NP-LOC Maine) -RRB-))) , (PP for (NP their part)) , (VP (ADVP-MNR angrily) accused (NP-3 the White House) (PP-CLR of (S-NOM (NP-SBJ-2 *-3) (VP (VP (ADVP-MNR selectively) leaking (NP classified documents)) and (VP trying (ADVP-MNR unfairly) (S (NP-SBJ *-2) (VP to (VP shift (NP (NP the blame) (PP *ICH*-1)) (PP-CLR to (NP Congress)) (PP-1 for (NP the bungled attempt (S (NP-SBJ *) (VP to (VP topple (NP Gen. Noriega)))))))))))))) .)) (TOP (S (NP-SBJ-2 The White House) (VP (VP got (NP-CLR (NP the better) (PP of (NP the exchange)))) but (VP took (NP-CLR care) (S-CLR (NP-SBJ *-2) not (VP to (VP press (NP its advantage) (PP-CLR to (NP (NP the kind) (PP of (NP constitutional confrontation)) (VP sought (NP *) (PP by (NP-LGS (NP conservative Republicans) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP do n't (VP want (NP (NP any congressional oversight) (PP of (NP intelligence activities))))))))))))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ (NP Mr. Bush) and (NP his aides)) (VP made (S (NP-SBJ it) (ADJP-PRD clear (SBAR 0 (S (NP-SBJ they) (VP (VP respected (NP (NP Congress 's) role)) and (VP felt (SBAR 0 (S (NP-SBJ-1 they) (VP could (VP work (PP-CLR with (NP (NP the conservative Mr. Boren) and (NP the moderate Mr. Cohen))) (S-CLR (NP-SBJ *-1) (VP to (VP iron (PRT out) (NP their differences))))))))))))))) .)) (TOP (S (NP-SBJ The senators) (VP responded (PP-MNR in (NP kind))) .)) (TOP (S (NP-SBJ Sen. Boren) (VP (ADVP-MNR happily) told (NP reporters) (SBAR (SBAR that (S (NP-SBJ there) (VP had (VP been (NP-PRD `` (NP a meeting) (PP of (NP the minds)) '' (PP with (NP the White House))))))) , and (SBAR that (S (NP-SBJ the committee) (VP had (VP given (NP Mr. Bush) (NP `` (NP a clean slate) , '' (ADJP free (PP of (NP (NP the impediments) (VP imposed (NP *) (PP-TMP during (NP the Reagan years))))))))))))) .)) (TOP (S (NP-SBJ Sen. Cohen) (VP said (SBAR 0 (S (NP-SBJ the relationship) (VP has (VP reverted (PP-DIR to (NP its pre-Reagan character))))))) .)) (TOP (S (NP-SBJ There) (ADVP-TMP still) (VP are (NP-PRD (NP some details) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP be (VP nailed (NP *-2) (PRT down)))))))) .)) (TOP (S (NP-SBJ-2 Mr. Bush) (VP is (VP reserving (NP (NP the right (S *ICH*-3)) (PP-TMP in (NP `` rare '' instances)) (S-3 (NP-SBJ *) (VP to (VP keep (S (NP-SBJ Congress) (PP-LOC-PRD in (NP the dark))))))) , (S-ADV (NP-SBJ *-2) (VP asserting (NP (NP a constitutional prerogative) (SBAR (WHNP-1 0) (S (NP-SBJ the committee) (VP does n't (VP recognize (NP *T*-1)))))))))) .)) (TOP (S And (NP-SBJ (NP a pending Justice Department interpretation) (PP of (NP the assassination ban))) (VP could (VP raise (NP (NP questions) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP would (VP have (S (NP-SBJ-1 *-3) (VP to (VP be (VP settled (NP *-1)))))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ both sides) (VP may (VP face (NP political critics))) .)) (TOP (S (NP-SBJ Some conservatives) (VP will (VP accuse (NP-1 the president) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP promising (NP Congress) (NP too much)))))) .)) (TOP (S And (NP-SBJ-1 they) (VP continue (S (NP-SBJ *-1) (VP (ADVP-MNR anonymously) attacking (NP-2 CIA Director William Webster) (PP-PRP for (S-NOM (NP-SBJ *-2) (VP being (ADJP-PRD too accommodating (PP to (NP the committee))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (S (NP-SBJ some congressional liberals) (VP will (VP accuse (NP-1 Sens. Boren and Cohen) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP wimping (PRT out))))))) , and (S (NP-SBJ they) (VP will (VP warn (SBAR that (S (NP-SBJ (NP the lawmakers ') concessions) (VP raise (NP (NP the specter) (PP of (NP (NP more (ADJP internationally embarrassing) covert operations) (PP like (NP (NP (NP the mining) (PP of (NP Nicaraguan harbors))) and (NP the Iran arms sales)))))))))))) .)) (TOP (S But (SBAR-ADV if (S (S (NP-SBJ the cooperative attitude) (VP holds)) and (S (NP-SBJ there) (VP is (NP-PRD (NP greater consultation) (PP on (NP covert activities))))))) , (NP-SBJ the country) (VP could (VP be (VP entering (NP (NP an era) (SBAR (WHADVP-3 when) (S (NP-SBJ-1 such hare-brained schemes) (VP are (VP scrapped (NP *-1) (SBAR-TMP before (S (NP-SBJ they) (VP get (PP-CLR off (NP the drawing boards))))) , (SBAR-ADV while (S (NP-SBJ-2 (ADJP risky but well-planned) secret operations) (VP can (VP be (VP undertaken (NP *-2) (PP without (NP fear (SBAR that (S (NP-SBJ a panicky Congress) (VP will (VP balk))))))))))) (ADVP-TMP *T*-3))))))))) .)) (TOP (S (NP-SBJ-1 (NP Several) (PP of (NP (NP the New York Stock Exchange 's) own listed companies)) , (VP led (NP *) (PP by (NP-LGS giant Contel Corp.))) ,) (VP are (VP joining (PP-TMP for (NP the first time)) (S-PRP (NP-SBJ *-1) (VP to (VP complain (PP-CLR about (NP (NP program trading) and (NP (NP (NP the exchange 's) role) (PP-LOC in (NP it)))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Claiming (SBAR 0 (S (NP-SBJ program trading) (VP has (VP turned (NP the Big Board) (PP-CLR into (NP a `` gambling casino)))))))) , '' (NP-SBJ-1 Contel Chairman Charles Wohlstetter) (VP said (SBAR that (S (NP-SBJ (NP he) and (NP (QP at least 20) other corporate executives)) (VP are (VP forming (NP an unprecedented alliance)))))) .)) (TOP (S-2 (NP-SBJ-3 The group) (PRN , (S (NP-SBJ Mr. Wohlstetter) (VP said (SBAR 0 (S *T*-2)) (PP-LOC in (NP an interview)))) ,) (VP wants (S (NP-SBJ *-3) (VP to (VP end (NP (NP (NP the market 's) wild price swings) (SBAR (WHNP-1 that) (S (NP-SBJ critics) (VP blame (NP *T*-1) (PP-CLR on (NP computer-aided program-trading strategies)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The group) (VP will (VP complain (PP-CLR (PP to (NP Washington)) , (PP to (NP (NP the heads) (PP of (NP program-trading firms)))) and (PP to (NP (NP the heads) (PP of (NP (NP the Big Board) (NP itself))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ They) (VP should (VP call (S -LCB- (NP-SBJ the exchange) -RCB- (NP-PRD Trump East))))) , '' (VP charged (S *T*-2)) (NP-SBJ (NP Mr. Wohlstetter) , (NP (NP the 79-year-old founder) (PP of (NP Contel))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP 's (ADVP also) (NP-PRD a former (NX (NX investment banker) and (NX stock trader))))))) .)) (TOP (SBARQ `` (WHNP-1 What) (SQ is (NP-SBJ (NP the mission) (PP of (NP the financial community))) (NP-PRD *T*-1)) --)) (TOP (FRAG (S (NP-SBJ *) (VP to (VP (VP help (NP some scavengers or schemers)) , or (VP help (NP corporate America))))) ? '')) (TOP (S (NP-SBJ Contel) (VP is (NP-PRD a (ADJP (QP $ 6 billion) *U*) telephone and electronics company)) .)) (TOP (S (NP-SBJ Pressure (S *ICH*-2)) (VP has (VP been (VP building (PP-LOC on (NP the Big Board)) (PP-TMP in (NP the past two weeks)) (S-2 (NP-SBJ *) (VP to (VP do (NP something) (PP-CLR about (NP (NP market volatility) , (SBAR (WHNP-3 which) (S (NP-SBJ many investors) (VP say (SBAR 0 (S (NP-SBJ-1 *-3) (VP is (VP caused (NP *-1) (PP by (NP-LGS program trading))))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP (NP The market 's) Friday-the-13th plunge) (PP of (NP 190 points)) (PP-LOC in (NP the Dow Jones Industrial Average))) , and (NP (NP (NP the Big Board 's) understated response) (PP to (NP it))) ,) (VP galvanized (NP (NP some longstanding dissatisfaction) (PP-LOC among (NP (NP companies) (VP listed (NP *) (PP-LOC-CLR on (NP the exchange))))))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ program trading) (VP accounted (PP-CLR for (NP (NP a record 13.8 %) (PP of (NP average daily Big Board volume))))) .)) (TOP (S (NP-SBJ Mr. Wohlstetter) , (PP for (NP example)) , (VP said (SBAR 0 (S (NP-SBJ he) (VP wrote (PP-DTV to (NP Big Board Chairman John J. Phelan Jr.)) (PP-CLR about (NP program trading)) (PP-TMP after (NP the 190-point Dow plunge)))) , and (S (PP as (PP-LOC in (NP previous queries))) , `` (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ I) (VP get (NP *T*-1) (ADVP-CLR back)))) (VP is (NP-PRD gobbledygook))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP 's (ADJP-PRD upset (SBAR that (S (NP-SBJ-1 Mr. Phelan) , (S-ADV (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP calm (NP investors)))) (PP-TMP after (NP the plunge)))) , (VP said (SBAR that (S (NP-SBJ-3 investors) (VP would (ADVP simply) (VP have (S (NP-SBJ *-3) (VP to (VP get (ADVP-PRD used (PP to (NP (NP the market 's) big price swings)))))))))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ-2 The Big Board) `` (VP is (ADVP-PRD partly) (S (NP-SBJ-3 *-2) (VP to (VP blame (NP *-3) -LCB- (PP-CLR for (NP the price swings)) -RCB-))) , (SBAR-PRP because (S (NP-SBJ they) (VP 're (NP-PRD cowards)))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Wohlstetter) .)) (TOP (S `` (NP-SBJ Their powerful members) (VP manage (NP them)) . '')) (TOP (S (NP-SBJ (NP The focus) (PP of (NP the outcry))) (VP has (VP been (NP-PRD (NP stock-index arbitrage) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP accounts (PP-CLR for (NP (NP (QP about half) the program trading) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP goes (ADVP-CLR on)))))))))))) .)) (TOP (S (NP-SBJ Index arbitragers) (VP argue (SBAR that (S (S (NP-SBJ their trading) (VP is (ADJP-PRD healthy) (SBAR-PRP because (S (NP-SBJ it) (VP links (NP markets)))))) , but (S (NP-SBJ critics) (VP say (SBAR 0 (S (NP-SBJ such trading) (VP (VP accelerates (NP market movements)) and (VP increases (NP (NP the chance) (PP for (NP a crash)))))))))))) .)) (TOP (S (NP-SBJ-2 The Big Board) (VP has (VP refused (S (NP-SBJ-1 *-2) (VP to (VP be (VP drawn (NP *-1) (PP-CLR into (NP (NP a public debate) (PP about (NP program trading)))))))))) .)) (TOP (S (NP-SBJ (NP Richard Grasso) , (NP Big Board president) ,) (NP-TMP last week) (VP said (ADVP only) (SBAR that (S (NP-SBJ-1 the exchange) (VP is (VP concerned (NP *-1) (PP-CLR about (NP all its constituents))))))) .)) (TOP (S (ADVP-MNR Privately) , (NP-SBJ exchange officials) (VP worry (SBAR that (S (PP without (NP (NP a hospitable system) (PP for (NP program trading)) (PP-LOC at (NP the Big Board)))) , (NP-SBJ (NP billions) (PP of (NP dollars)) (PP in (NP trading))) (VP will (ADVP simply) (VP migrate (PP-DIR to (NP (NP overseas exchanges) (PP such as (NP London 's))))))))) .)) (TOP (S-CLF (NP-SBJ It) (VP is (ADVP partly) (PP-PRP-PRD for (NP this reason)) (SBAR that (S (NP-SBJ-3 the exchange) (NP-TMP last week) (VP began (S (NP-SBJ *-3) (VP trading (PP-CLR in (NP (NP its own stock `` basket '' product) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP allows (S (NP-SBJ big investors) (VP to (VP buy or sell (NP (NP (QP all 500) stocks) (PP-LOC in (NP (NP the Standard & Poor 's) index))) (PP-MNR in (NP a single trade)))))))))))))))) .)) (TOP (S (NP-SBJ (NP One intended customer) (PP of (NP the new basket product))) (VP is (NP-PRD index arbitragers) , (PP according (PP to (NP the exchange)))) .)) (TOP (S (NP-SBJ Investors) (VP have (VP complained (PP-TMP for (NP some time)) (PP-CLR about (NP (NP program trading) , (ADVP particularly) (NP index arbitrage) ,)) (PP to (NP little avail)))) .)) (TOP (S But (PP according (PP to (NP some Big Board traders))) , (NP-SBJ (NP an organized campaign) (PP from (NP exchange-listed companies))) (VP might (VP make (S (NP-SBJ the exchange) (ADVP-TMP finally) (VP consider (NP big changes))))) .)) (TOP (S `` (NP-SBJ They) (VP wo n't (VP fight (NP the listed companies))) .)) (TOP (SINV (S-TPC-1 (ADVP-TMP Now) (NP-SBJ the assault) (VP is (ADVP-PRD on))) , '' (VP said (S *T*-1)) (NP-SBJ one top trader) .)) (TOP (S (S (NP-SBJ The Big Board) (VP ca n't (VP ban (NP stock-index futures) , (PP of (NP course))))) , but (S (NP-SBJ it) (VP could (VP (VP ban (NP (NP use) (PP of (NP its high-speed electronic trading system)) (PP for (NP program trading)))) or (VP (ADVP at least) encourage (S (NP-SBJ securities firms) (VP to (VP back (ADVP-CLR off)))))))) .)) (TOP (S (NP-SBJ The exchange) (VP put (NP (NP a bit) (PP of (NP a damper))) (PP-PUT on (NP program trading)) (SBAR-TMP (WHADVP-2 when) , (S (NP-TMP last year) , (NP-SBJ-1 it) (ADVP simply) (VP started (S (NP-SBJ *-1) (VP to (VP publish (NP (NP monthly statistics) (PP of (NP (NP each firm 's) program-trading volume)))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (NP-SBJ (NP Contel 's) Mr. Wohlstetter) (VP said (SBAR (SBAR 0 (S (NP-SBJ-1 (NP the group) (PP of (NP Big Board companies))) (VP is n't (ADJP-PRD ready (S (NP-SBJ *-1) (VP to (VP go (ADJP-PRD public) (ADVP-TMP yet) (PP-CLR with (NP its effort))))))))) , and (SBAR that (S (NP-SBJ-2 he) (VP does n't (VP plan (S (NP-SBJ *-2) (VP to (VP be (NP-PRD the leader) (SBAR-TMP once (S (NP-SBJ it) (VP is (ADJP-PRD public))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP planned (S (NP-SBJ-2 *-1) (VP to (VP spend (NP the weekend) (S-CLR (NP-SBJ *-2) (VP making (NP calls))) (S-PRP (NP-SBJ *-2) (VP to (VP gather (NP additional support))))))))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-3 Among (NP (NP those) (SBAR (WHNP-2 0) (S (NP-SBJ Mr. Wohlstetter) (VP said (SBAR 0 (S (NP-SBJ he) (VP has (VP been (VP talking (PP-CLR to (NP *T*-2)))))))))))) (VP are (PP-LOC-PRD *T*-3)) (NP-SBJ (NP (NP Sanford Weill) (PP of (NP (NP Primerica Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP the parent) (PP of (NP Smith Barney , Harris Upham & Co.))))))))) ; (NP (NP GTE Corp. 's) James Johnson) , and (NP (NP ITT Corp. 's) Rand Araskog)) .)) (TOP (S (NP-SBJ (NP None) (PP of (NP these chief executives))) (VP were (ADJP-PRD available (PP for (NP comment)))) .)) (TOP (SINV (PP-LOC-PRD-TPC-2 Among (NP (NP the targets) (PP of (NP (NP the Big Board companies ') campaign)))) (VP will (VP be (PP-LOC-PRD *T*-2))) (NP-SBJ (NP some corporate pension funds) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP use (NP program-trading strategies) (S-CLR (NP-SBJ *-3) (VP to (VP maximize (NP (NP returns) (PP on (NP their investments)))))))))) .)) (TOP (S (PP For (NP (NP Contel 's) part)) , (NP-SBJ the company) (ADVP-TMP (NP a month) ago) (VP informed (NP (NP each) (PP of (NP its money managers))) (SBAR that (S (NP-SBJ it) (VP would (VP drop (NP them) (SBAR-ADV if (S (NP-SBJ they) (VP give (NP business) (PP-DTV to (NP program-trading firms)))))))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP just those kinds) (PP of (NP ultimatums)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (NP-TMP last week) (VP succeeded (PP-CLR in (S-NOM (NP-SBJ *-2) (VP turning (PRT up) (NP the heat) (PP-LOC in (NP the debate)))))))))) .)) (TOP (S (NP-SBJ (NP Kemper Corp. 's) Kemper Financial Services unit) (VP said (SBAR 0 (S (NP-SBJ it) (VP cut (PRT off) (NP (NP Bear Stearns) , (NP Morgan Stanley) , (NP Oppenheimer) and (NP (NP General Electric Co. 's) Kidder , Peabody & Co. unit)))))) .)) (TOP (S (NP-SBJ (NP All) (PP of (NP the firms)) (PP except (NP (NP Kidder) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP the second-biggest program trader) (PP-LOC on (NP Wall Street)))))) ,))) (ADVP-TMP quickly) (VP announced (NP (NP pull-backs) (PP from (NP index arbitrage)))) .)) (TOP (S (NP-SBJ Kidder officials) (VP stand (PP-CLR by (NP (NP their aggressive use) (PP of (NP program trading))))) .)) (TOP (S (NP-SBJ Chief Executive Officer Michael Carpenter) (VP said (SBAR that (S (PP despite (NP (NP the outcry) (PP (ADVP even) by (NP (NP some) (PP of (NP (NP Kidder 's) own brokers)))))) , (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ index arbitrage) (VP does n't (VP have (NP (NP a `` negative impact) (PP on (NP (NP the market) (PP as (NP a whole))))))))))))) .)) (TOP (S '' (ADVP However) , (NP-SBJ (NP pressure) (PP on (NP (NP (NP Kidder 's) parent) , (NP GE) ,))) (VP could (VP change (NP (NP Kidder 's) policy))) .)) (TOP (S (NP-SBJ GE Chairman John Welch) (VP has (VP been (VP `` besieged (PP-CLR with (NP (NP phone calls) '' (VP complaining (PP-CLR about (NP (NP his unit 's) program trading))))) , (PP according (PP to (NP (NP a person) (ADJP close (PP to (NP him))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Margaret Thatcher 's) instinctive response) (PP to (NP (NP the latest upheaval) (PP-LOC in (NP her government))))) (VP is (S-PRD (NP-SBJ *-1) (VP to (VP promise (NP (NP business) (PP as (ADJP usual))))))) .)) (TOP (S (NP-SBJ That) (VP may (VP be (NP-PRD (NP the last thing) (SBAR (WHNP-1 0) (S (NP-SBJ she) (VP needs (NP *T*-1))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ the air) (VP clears (PP from (NP (NP (NP last week 's) storm) (PP of (NP resignations and reshufflings))))))) , (NP-SBJ the government) (VP faces (NP (NP a daunting job) (PP of (S-NOM (NP-SBJ *) (VP rebuilding (NP (NP confidence) (PP-LOC in (NP its policies)))))))) .)) (TOP (S (NP-SBJ-1 (NP The prime minister) and (NP (NP her new chancellor) (PP of (NP the exchequer)) , (NP the untested John Major) ,)) (VP need (S (NP-SBJ *-1) (VP to (VP haul (NP the country) (PP-CLR through (NP (NP something) (PP like (NP a recession))))))) (S-PRP (NP-SBJ *-1) (VP to (VP (VP bring (PRT down) (NP inflation)) and (VP set (S (NP-SBJ the economy) (VP moving (ADVP-TMP again)))))))) .)) (TOP (S (NP-SBJ-2 Mrs. Thatcher) (VP has (S (NP-SBJ *-2) (VP to (VP come (PP-CLR to (NP terms)) (PP-CLR with (NP European economic integration)) , (PP beginning (PP with (NP (NP the European Monetary System) , (SBAR (WHNP-3 which) (S (NP-SBJ-1 Britain) (VP is (VP committed (NP-4 *-1) (PP-CLR to (S-NOM (NP-SBJ *-4) (VP joining (NP *T*-3) (ADVP-MNR fully) (NP-TMP someday))))))))))))))) .)) (TOP (S (ADVP-TMP Finally) , (NP-SBJ-1 the government) (VP has (S (NP-SBJ *-1) (VP to (VP convince (NP (NP a rattled financial community) (PRN -- and (NP voters) --)) (SBAR 0 (S (NP-SBJ it) (VP is (VP proceeding (ADVP-MNR coherently) (PP-DIR toward (NP its goals)))))))))) .)) (TOP (S (S (NP-SBJ It) (VP sounds (PP-CLR like (NP (NP the work) (PP of (NP a decade)))))) , but (S (NP-SBJ the deadline) (VP is (NP-PRD (NP late 1991) , (SBAR (WHADVP-1 when) (S (NP-SBJ-2 Mrs. Thatcher) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP call (NP another national election) (ADVP-TMP *T*-1))))))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (VP worrying (NP her supporters))))) (VP is (SBAR-PRD that (S (NP-SBJ the economic cycle) (VP may (VP be (PP-PRD out (PP of (NP kilter))) (PP-CLR with (NP the political timetable))))))) .)) (TOP (S (NP-SBJ-1 She) (VP could (VP end (PRT up) (S-CLR (NP-SBJ *-1) (VP seeking (NP a fourth term) (PP-LOC in (NP (NP an economy) (ADJP sick (PP with (NP (NP inflation) , (NP high interest rates) and (NP a heavy trade deficit)))))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ Mrs. Thatcher) (VP has (VP pulled (PP-CLR through (NP other crises)))))) , (NP-SBJ supporters) (VP wonder (SBAR if (S (NP-SBJ her steely , autocratic ways) (VP are (NP-PRD the right formula) (NP-TMP today))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD a rising fear (SBAR that (S (ADVP perhaps) (NP-SBJ (NP (NP Mrs. Thatcher 's) style) (PP of (NP management))) (VP has (VP become (NP-PRD a political liability)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Bill Martin) , (NP (NP senior economist) (PP-LOC at (NP London brokers UBS-Phillips & Drew)))) .)) (TOP (S (NP-SBJ (NP (NP The prime minister 's) insistence) (PP on (S-NOM (NP-SBJ *) (VP keeping (NP (NP a private coterie) (PP of (NP advisers)) (PRN -- (PP including (NP (NP an economic guru) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (ADVP-MNR openly) criticized (NP (NAC former Chancellor (PP of (NP the Exchequer))) Nigel Lawson)))))) --)))))) (VP confused (NP the financial community)) .)) (TOP (S (S (NP-TMP Last week) , (NP-SBJ (NP the strategy) (PP of (S-NOM (NP-SBJ *) (VP playing (NP the two experts) (PP-CLR off (NP each other)))))) (VP blew (PRT up))) : (S (NP-SBJ Mr. Lawson) (VP quit (PP in (NP exasperation)))) and (S (NP-SBJ (NP Sir Alan Walters) , (NP the adviser) ,) (VP announced (NP his resignation) (PP-TMP within (NP an hour)))) .)) (TOP (S (NP-SBJ The confusion) (VP could (VP be (ADJP-PRD costly))) .)) (TOP (S (NP-SBJ (NP Currency traders) , (VP suspecting (SBAR 0 (S (NP-SBJ Mr. Major) (VP wo n't (VP defend (NP the pound) (ADVP-MNR strenuously)))))) ,) (VP sent (S (NP-SBJ the British currency) (ADJP-PRD sharply lower (PP *ICH*-1)) (NP-TMP Friday) (PP-1 against (NP the (NX (NX dollar) and (NX (ADJP West German) mark)))))) .)) (TOP (S (NP-SBJ Analysts) (VP expect (NP further jitters) (NP-TMP this week)) .)) (TOP (S (NP-SBJ (NP A continuing slide) (PP-LOC in (NP the pound))) (VP could (VP force (S (NP-SBJ the government) (VP to (VP push (PP-CLR through (NP (NP another rise) (PP-LOC in (NP (NP the base rate) , (NP (ADVP-TMP currently) 15 %)))))))))) .)) (TOP (S (NP-SBJ That) (VP could (VP shove (NP a weak economy) (PP-CLR into (NP recession)))) .)) (TOP (S (S (NP-SBJ Economists) (VP have (VP been (VP anticipating (NP a slump) (PP-TMP for (NP months)))))) , but (S (NP-SBJ they) (ADVP-TMP now) (VP say (SBAR 0 (S (NP-SBJ it) (VP will (VP be (ADJP-PRD (ADJP deeper and longer) (SBAR than (S (NP-SBJ they) (VP had (VP thought (SBAR *?*)))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Britain 's) economy) `` (VP is (VP developing (ADVP-MNR rapidly) (PP-DIR toward (NP no-growth))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP J. Paul Horne) , (NP (NP international economist) (PP with (NP (NP Smith Barney , Harris Upham Co.) (PP-LOC in (NP Paris)))))) .)) (TOP (S-1 (NP-SBJ A mild slowdown) (ADVP probably) (VP would (VP have (VP run (NP its course) (PP-TMP by (NP early 1991)) (PRN , (S (NP-SBJ economists) (VP say (SBAR 0 (S *T*-1)))) ,) (SBAR-ADV while (S (NP-SBJ (NP the grueling downturn) (VP (ADVP-TMP now) expected (NP *))) (VP could (VP stretch (PP-DIR into (NP 1992))))))))) .)) (TOP (S (NP-SBJ-1 Recovery) (VP could (VP be (VP hampered (NP *-1) (SBAR-ADV if (S (NP-SBJ (NP (NP Britain 's) major trading partners) (PP-LOC in (NP Europe)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP are (VP enjoying (NP robust economic activity))))) ,) (VP cool (ADVP-CLR off) (SBAR-ADV as (S (NP-SBJ-3 *) (VP expected (NP *-3) (PP-TMP in late 1990 and 1991)))))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP leave (NP Mrs. Thatcher) (NP (NP little room) (PP for (NP maneuver))))) .)) (TOP (S (SBAR-ADV For (S (NP-SBJ the Tories) (VP to (VP win (NP the next election))))) , (NP-SBJ-1 voters) (VP will (VP need (S (NP-SBJ *-1) (VP to (VP sense (NP economic improvement) (PP-TMP for (ADVP (NP (QP about a) year) beforehand))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ-1 Mrs. Thatcher) (VP does n't (VP need (S (NP-SBJ *-1) (VP to (VP call (NP an election) (PP-TMP until (NP June 1992))))))))) , (NP-SBJ-2 she) (VP would (VP prefer (S (NP-SBJ *-2) (VP doing (ADVP-PRD so) (PP-TMP in (NP late 1991)))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ the economy) (VP shows (NP (NP no sign) (PP of (S-NOM (NP-SBJ *) (VP turning (ADVP-CLR around) (PP-TMP in (NP (NP about year 's) time))))))))) , (NP-SBJ she) (VP will (VP be (ADJP-PRD very vulnerable)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP John Barnes) , (NP (NP a lecturer) (PP-LOC at (NP (NP the London School) (PP of (NP Economics)))))) .)) (TOP (S (NP-SBJ There) (VP 's (NP-PRD an (ADJP equally pressing) deadline) (SBAR-ADV for (S (NP-SBJ the government) (VP to (VP define (NP (NP its (ADJP monetary and economic) ties) (PP to (NP (NP the rest) (PP of (NP the European Community)))))))))) .)) (TOP (S (NP-SBJ It) (VP has (VP sent (NP (NP mixed signals) (PP about (NP its willingness (S (NP-SBJ *) (VP to (VP take (NP-CLR part) (PP-CLR in (NP (NP the exchange-rate mechanism) (PP of (NP the European Monetary System)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP links (NP the major EC currencies)))))))))))))) .)) (TOP (S (PP-LOC At (NP a June EC summit)) , (NP-SBJ-1 Mrs. Thatcher) (VP appeared (S (NP-SBJ *-1) (VP to (VP ease (NP (NP her opposition) (PP to (NP full EMS membership)))))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ Britain) (VP would (VP join (SBAR-TMP once (S (S (NP-SBJ its inflation rate) (VP fell)) and (S (NP-SBJ the EC) (VP liberalized (NP capital movements)))))))))))) .)) (TOP (S (PP-TMP Since (NP then)) , (NP-SBJ the government) (VP has (VP left (S (NP-SBJ observers) (VP wondering (SBAR if (S (NP-SBJ-1 it) (ADVP-TMP ever) (VP meant (S (NP-SBJ *-1) (VP to (VP join)))))))))) .)) (TOP (S (NP-SBJ Sir Alan) (VP assailed (NP the monetary arrangement) (PP-CLR as `` (ADJP half-baked) '') (PP-LOC in (NP (NP an article) (VP being (VP published (NP *) (PP-LOC in (NP an American economics journal))))))) .)) (TOP (S (NP-SBJ That) (VP produced (NP (NP little reaction) (PP from (NP his boss))) , (S-ADV (NP-SBJ *) (VP reinforcing (NP speculation (SBAR 0 (S (NP-SBJ the government) (VP would (VP use (NP its two conditions) (PP-CLR as (NP (NP a pretext) (PP for (S-NOM (NP-SBJ *) (VP avoiding (NP full EMS membership)))))))))))))) .)) (TOP (S (PP Despite (NP (NP the departure) (PP of (NP (NP Mr. Lawson) and (NP Sir Alan))))) , (NP-SBJ (NP the tug-of-war) (PP over (NP the EMS))) (VP could (VP continue)) .)) (TOP (S (NP-SBJ (NP Sir Geoffrey Howe) , (NP (NP deputy prime minister) and (NP (NP a Lawson ally) (PP on (NP the EMS)))) ,) (VP has (VP signaled (SBAR 0 (S (NP-SBJ-1 he) (VP will (VP continue (S (NP-SBJ *-1) (VP pressing (PP-CLR for (NP early membership)))))))))) .)) (TOP (SINV (PP-TPC-1 Of (NP immediate concern)) (VP is (PP-PRD *T*-1)) (SBAR-SBJ whether (S (NP-SBJ the Thatcher government) (VP will (VP continue (NP (NP (NP Mr. Lawson 's) policy) (PP of (S-NOM (NP-SBJ *) (VP (VP tracking (NP (NP the monetary policies) (PP of (NP the (ADJP West German) Bundesbank)))) and (VP responding (PP-MNR in (NP kind)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the Frankfurt authorities) (VP move (NP interest rates) (ADVP-TMP *T*-2))))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ-2 Mrs. Thatcher) `` (VP does n't (VP like (S (NP-SBJ *-2) (VP taking (NP orders) (PP-CLR from (NP foreigners))))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Tim Congdon) , (NP (NP economist) (PP with (NP Gerrard & National Holding PLC)))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ Conservatives) (VP rally (PP-CLR around (NP Mrs. Thatcher)) (PP-TMP during (NP the crisis))))) , (NP-SBJ many) (VP harbor (NP hopes (SBAR 0 (S (NP-SBJ (NP last week 's) debacle) (VP will (VP prompt (NP change))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP wo n't (VP have (NP (NP any more) (PP of (NP this wayward behavior)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Sir Peter Hordern) , (NP (NP a backbench Tory member) (PP of (NP Parliament)))) .)) (TOP (S `` (NP-SBJ The party) (VP is (VP fed (PRT up) (PP-CLR with (NP (NP sackings) (PP of (NP good people)))))) . '')) (TOP (S (NP-SBJ It) (VP 's (NP-PRD an unrealistic expectation)) .)) (TOP (S (ADVP-TMP (ADVP (ADVP As long) (PP as (NP a decade))) ago) , (NP-SBJ Mrs. Thatcher) (VP declared (SBAR 0 (S (S (NP-SBJ she) (VP did n't (VP want (NP debate) (PP-LOC in (NP her cabinet))))) ; (S (NP-SBJ she) (VP wanted (NP strong government)))))) .)) (TOP (S (PP-TMP Over (NP the weekend)) , (NP-SBJ she) (VP (VP said (SBAR 0 (S (NP-SBJ-1 she) (VP did n't (VP intend (S (NP-SBJ *-1) (VP to (VP change (NP her style))))))))) and (VP denied (SBAR 0 (S (NP-SBJ she) (VP is (ADJP-PRD authoritarian)))))) .)) (TOP (S `` (NP-TPC-1 Nonsense) , '' (NP-SBJ she) (VP told (NP an interviewer) (NP *-1) (NP-TMP yesterday) (PP-LOC on (NP London Weekend Television))) .)) (TOP (S `` (NP-SBJ I) (VP am (VP staying (NP-PRD my own sweet , reasonable self))) .)) (TOP (S (NP-SBJ-1 (NP Joseph L. Dionne) , (NP (NP (NP chairman) (PP *RNR*-2)) and (NP (NP chief executive officer) (PP *RNR*-2)) (PP-2 of (NP McGraw-Hill Inc.))) ,) (VP was (VP elected (NP *-1) (PP-CLR to (NP (NP the board) (PP of (NP (NP directors) (PP of (NP this electronics manufacturer)))))))) .)) (TOP (S (NP-SBJ He) (VP succeeds (NP the retiring James W. Wilcock)) .)) (TOP (NP-TTL Base Data)) (TOP (S (NP-SBJ (NP (NP Computers) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP once) (VP were (NP-PRD (NP the state) (PP of (NP the art))))))) , (NP (NP The marvels) (VP bought (NP *) (ADVP-TMP (NP three years) ago))) ,) (VP Are (ADVP-TMP now) (ADJP-PRD obsolete)) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ we) (VP (ADVP-MNR queasily) start (NP (NP The search) (PP for (NP replacements)))))) , (NP-SBJ we) (VP know (SBAR 0 (S (NP-SBJ (NP The new one) (SBAR (WHNP-2 0) (S (NP-SBJ we) (VP purchase (NP *T*-2) (PP in (NP hopes (SBAR 0 (S (NP-SBJ it) (VP will (VP do)))))) , (PP Despite (NP (NP every wonder) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP 's (VP stated (NP *-3))))))))))) , (VP Means (UCP (NP more speed) , (NP more graphics) , (NP more memory) , (ADVP too) , But (ADJP (ADVP also) (ADVP-TMP more quickly) out - dated)))))) !)) (TOP (NP -- Bern Sharfman .)) (TOP (NP-TTL Curdling Confession)) (TOP (S (S (NP-SBJ I) (VP know (SBAR (SBAR (WHADVP-3 when) (S (NP-SBJ dividends) (VP are (ADJP-PRD due) (ADVP-TMP *T*-3)))) ; (SBAR (WHADVP-5 When) (S (NP-SBJ-4 bonds) (VP should (VP be (VP retired (NP *-4) (ADVP-TMP *T*-5))))))))) ; (S But (SBAR-NOM-SBJ (WHNP-2 what) (S (NP-SBJ *T*-2) (VP gets (PP-CLR by (NP me)) (ADVP-TMP every time)))) (VP Is (SQ-PRD has (NP-SBJ the milk) (VP expired) ?))))) (TOP (NP -- Ralph Shaffer .)) (TOP (NP-TTL Daffynition)) (TOP (NP (NP Tithing) : (NP (NP Obedience) (PP to (NP one-tenth Commandment))) .)) (TOP (NP -- Len Elliott .)) (TOP (S-HLN (NP-SBJ Wives) (VP May Not (VP Benefit (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Men) (VP Do (NP Chores) (ADVP-TMP *T*-1)))))))) (TOP (S (SBAR-TMP (WHADVP-1 WHEN) (S (NP-SBJ HUSBANDS) (VP take (PRT on) (NP more housework) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 they) (VP tend (S (NP-SBJ *-2) (VP to (VP substitute (PP-CLR for (NP (NP chores) (VP done (NP *) (PP (PP by (NP-LGS the kids)) (CONJP rather than) (PP by (NP-LGS the wife)))))))))) .)) (TOP (S (NP-SBJ Rand Corp. researchers Linda Waite and Frances Goldscheider) (VP analyzed (NP (NP a large sample) (PP of (NP (NP married women) (PP with (NP (NP (QP at least one) child) (PP-LOC at (NP home)) (PP between (NP (NP the ages) (PP of (NP six and 18)))))))))) .)) (TOP (S (NP-SBJ The women) (VP indicated (NP (SBAR-NOM (WHNP-1 which family member) (S (NP-SBJ *T*-1) (ADVP-TMP usually) (VP did (NP various household chores)))) and (NP (NP the approximate share) (SBAR (WHNP-2 0) (S (NP-SBJ each) (VP did (NP *T*-2))))))) .)) (TOP (S (ADVP Not unexpectedly) , (NP-SBJ-1 wives) , (SBAR-ADV whether (S (NP-SBJ *-1) (ADJP-PRD working or non-working))) , (VP did (NP (NP (ADVP by far) the most) -- (NP (NP (NP (QP about 80) %) (PP of (NP the shopping , laundry and cooking))) , and (NP (NP (QP about two-thirds)) (PP of (NP (NP housecleaning) , (S-NOM (NP-SBJ *) (VP washing (NP dishes))) , (NP child care) and (NP family paper work))))))) .)) (TOP (SINV (PP (ADVP Only) for (NP (NP yardwork) and (NP home maintenance))) did (NP-SBJ women) (VP do (NP (NP less) (PP than (NP half)))) .)) (TOP (S But (NP-SBJ the researchers) (VP found (SBAR that (S (SBAR-ADV while (S (NP-SBJ (NP children 's) household tasks) (VP eased (NP (NP the mother 's) burden) (ADVP-MNR appreciably)))) , (NP-SBJ-1 (NP the husband 's) helping hand) `` (VP appears (S (NP-SBJ *-1) (VP (VP to (VP lighten (NP (NP the children 's) load) (PP-MNR (ADVP almost) on (NP a one-for-one basis)))) and (VP to (VP reduce (NP (NP the wife 's) responsibility) (ADVP-MNR only modestly))))))))) . '')) (TOP (S (NP-SBJ This pattern) (VP was (ADJP-PRD particularly evident) (PP-LOC among (NP (ADJP more highly educated) couples))) .)) (TOP (S (PP-LOC In (NP these families)) , (NP-SBJ husbands) (VP took (PRT on) (NP (NP (ADJP (NP-ADV 80 %) more) chores) (SBAR than (FRAG (PP-LOC in (NP (NP couples) (PP with (NP only grammar school education)))))))) .)) (TOP (S But (NP-SBJ (NP the kids) (PP with (NP (ADJP highly educated) parents))) (VP did (NP (NP (ADJP (NP-ADV 68 %) less) housework) (PP than (NP (NP those) (PP-LOC in (NP less-educated families)))))) .)) (TOP (S-3 `` (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADJP-PRD clear) (PRN , '' (S (NP-SBJ Ms. Waite) (VP says (SBAR 0 (S *T*-3)))) ,) `` (SBAR-1 that (S (NP-SBJ-4 (NP most) (PP of (NP (NP the effect) (PP of (NP increasing education))))) (VP has (VP been (S (NP-SBJ *-4) (VP to (VP shift (SBAR-NOM (WHNP-2 who) (S (NP-SBJ *T*-2) (VP is (VP helping (NP the wife/mother))))))))))))) .)) (TOP (S (NP-SBJ Her share) (VP (VP decreases (ADVP-MNR-1 *NOT*)) , but (VP (ADVP-MNR=1 only slightly))) . '')) (TOP (S-HLN (NP-SBJ-1 Nursing Home Patients) (ADJP-PRD Apt (S (NP-SBJ *-1) (VP to (VP Be (NP-PRD Private Payers))))))) (TOP (S (S-TPC-3 (NP-SBJ (NP (ADJP FAR FEWER) elderly nursing home residents) (SBAR *ICH*-2)) (VP bankrupt (NP themselves) (SBAR-2 than (S (NP-SBJ-1 *) (VP was (ADVP-TMP previously) (VP believed (NP *-1))))))) , (NP-SBJ two recent studies) (VP declare (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ State governments) (VP place (NP (ADJP very low) ceilings) (PP-CLR on (SBAR-NOM (SBAR (WHADVP-1 how much property) (S (NP-SBJ people) (VP may (VP own (NP *T*-1) (SBAR-ADV *RNR*-3))))) or (SBAR (WHADVP-2 how much income) (S (NP-SBJ they) (VP may (VP keep (NP *T*-2) (SBAR-ADV *RNR*-3))))) (SBAR-ADV-3 if (S (NP-SBJ they) (VP want (NP (NP welfare help) (PP on (NP medical bills))))))))) .)) (TOP (S (NP-SBJ Conventional wisdom) (VP has (ADVP-TMP long) (VP held (SBAR that (S (NP-SBJ-1 (NP (QP anywhere from one-fourth to one-half)) (PP of (NP all elderly long-term care patients))) (VP are (VP obliged (S (NP-SBJ *-1) (VP to (VP spend (NP themselves) (PP-CLR into (NP poverty)) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP qualifying (PP-CLR for (NP Medicaid assistance)))))))))))))) .)) (TOP (S But (NP-SBJ (NP separate reports) (PP from (NP (NP (NP Joshua Weiner and Denise Spence) (PP of (NP the Brookings Institution))) and (NP (NP Korbin Liu) (PP of (NP the Urban Institute)))))) (VP find (SBAR that (S (NP-SBJ `` (NP a (ADJP surprisingly small) proportion) '' (PRN -- (NP (QP only about 10) %) --) (PP of (NP residents))) (VP (VP start (ADVP-CLR out) (PP-CLR as (NP private payers))) but (VP `` spend (PRT down) '' (PP-CLR to (NP Medicaid levels)) (PP-TMP in (NP a single nursing home stay)) (SBAR-TMP before (S (NP-SBJ-1 they) (VP (VP die) or (VP are (VP discharged (NP *-1))))))))))) .)) (TOP (S -LRB- (NP-SBJ (NP Another one-third) (NP *ICH*-1)) (VP are (ADVP-TMP already) (PP-PRD on (NP Medicaid)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ they) (VP enter (NP the nursing homes) (ADVP-TMP *T*-2)))) , (NP-1 (NP a (ADJP considerably higher) proportion) (SBAR than (S (NP-SBJ the analysts) (VP anticipated (NP *?*)))))) . -RRB-)) (TOP (S But (NP-SBJ (NP a (ADJP remarkably high) percentage) (PRN -- (NP (QP over half)) --)) (VP are (NP-PRD private payers) (PP-TMP throughout (NP (NP their stay) , even (NP a (ADJP fairly lengthy) one)))) .)) (TOP (S (NP-SBJ (QP About one-third)) (VP pay (PP-CLR out (PP of (NP their own pockets))) , (SBAR-ADV while (S (NP-SBJ-1 the rest) (VP are (VP covered (NP *-1) (ADVP-TMP throughout) (PP by (NP-LGS (NP Medicare) , (NP private insurers) or (NP the Veterans Administration)))))))) .)) (TOP (S (NP-SBJ-1 Both reports) (VP are (VP based (NP *-1) (PP-CLR on (NP (NP (QP several thousand) patients) (VP sampled (NP *) (PP-LOC in (NP a 1985 nationwide government survey))))))) .)) (TOP (S (NP-SBJ The Brookings and Urban Institute authors) (VP caution , (ADVP however) , (SBAR that (S (S (NP-SBJ most nursing home stays) (VP are (PP-PRD of (NP (ADJP comparatively short) duration)))) , and (S (S-NOM-SBJ (NP-SBJ *) (VP reaching (NP the Medicaid level))) (VP is (ADJP-PRD more likely) (PP with (NP (NP an (ADJP unusually long) stay) or (NP repeated stays)))))))) .)) (TOP (S-2 (ADVP Moreover) (PRN , (S (NP-SBJ they) (VP note (SBAR 0 (S *T*-2)))) ,) (NP-SBJ (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP manage (S (NP-SBJ *-3) (VP to (VP pay (NP their own way)))))))) (ADVP-TMP often) (VP do (ADVP-PRD so) (PP-MNR (ADVP only) by (S-NOM (NP-SBJ *) (VP (VP selling (NP their homes)) , (VP using (PRT up) (NP life savings)) or (VP drawing (ADVP-MNR heavily) (PP-CLR on (NP (NP children) and (NP other relatives)))))))) .)) (TOP (S-HLN (NP-SBJ Reagan Era Young) (VP Hold (NP Liberal Views)))) (TOP (S (NP-SBJ (NP THE REAGAN generation young men and women) (VP reaching (NP political maturity) (PP-TMP during (NP (NP Ronald Reagan 's) presidency)))) -- (VP are (ADJP-PRD firmly liberal (PP on (NP race and gender))) , (PP according (PP to (NP (NP NORC) , (NP (NP the social science research center) (PP-LOC at (NP (NP the University) (PP of (NP Chicago))))))))) .)) (TOP (S (NP-SBJ Many political analysts) (VP have (VP speculated (SBAR that (S (NP-SBJ the Reagan years) (VP would (VP produce (NP a (ADJP staunchly conservative) younger generation))))))) .)) (TOP (S (NP-SBJ (NP NORC 's) (ADJP most recent) opinion surveys) (VP find (S (NP-SBJ the youngest adults) (ADVP indeed) (ADJP-PRD (ADJP (ADVP somewhat more) pro-Reagan and pro-Republican) (PP than (NP other adults))))) .)) (TOP (S-1 But , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ chief investigator Tom Smith)) , (NP-SBJ this) `` (VP does not (VP translate (PP-CLR (PP into (NP (NP support) (PP for (NP conservatism)) (PP in (ADJP general)))) or (PP into (NP (NP conservative positions) (PP on (NP (UCP feminist and (NP civil rights)) issues))))))) . '')) (TOP (S (NP-SBJ (NP Answers) (PP to (NP (NP a dozen questions) (PP-LOC in (NP the 1986 , 1987 , 1988 and 1989 national surveys))))) (VP reveal (SBAR that (S (NP-SBJ (NP men and women) (PP-LOC in (NP the (QP 18 to 24) age bracket))) (VP are (ADJP-PRD (ADJP (ADVP considerably more) liberal) (PP on (NP race and gender)) (SBAR than (SINV (VP were (ADJP-PRD *?*)) (NP-SBJ (NP the (QP 18 to 24) year olds) (PP-LOC in (NP (NP NORC 's) polling)) (PP-TMP in (NP the (NX (NX early 1970s) and (NX early 1980s)))))))))))) .)) (TOP (S (NP-SBJ They) (VP were (ADVP also) (ADJP-PRD (ADJP (ADJP as liberal) (PP *RNR*-1)) or (ADJP (ADJP more liberal) (PP *RNR*-1)) (PP-1 than (NP (NP any other age group) (PP-LOC in (NP the 1986 through 1989 surveys)))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP 66 %) (PP of (NP (NP the (QP 18 to 24) year olds) (PP-LOC in (NP the four latest surveys))))) (VP favored (NP (NP an `` open housing '' law) (VP prohibiting (NP-2 homeowners) (PP-CLR from (S-NOM (NP-SBJ-1 *-2) (VP refusing (PP-PRP on (NP racial grounds)) (S (NP-SBJ *-1) (VP to (VP sell (PP-CLR to (NP prospective buyers))))))))))) .)) (TOP (S (NP-SBJ That) (VP compares (PP-CLR with (NP (NP (NP 58 %) (PP of (NP the similar age group)) (PP-LOC in (NP the 1980 through 1982 surveys))) and (NP (NP 55 %) (PP-LOC in (NP the 1972 through 1975 surveys)))))) .)) (TOP (S (S-ADV (NP-SBJ-3 *-1) (VP Asked (NP *-3) (SBAR whether (S (NP-SBJ they) (VP agreed or disagreed (PP-CLR with (NP the claim (SBAR that (S (NP-SBJ men) (VP are (ADVP emotionally) (VP (ADVP-MNR (ADVP better) (PP *ICH*-2)) suited (PP-CLR to (NP politics)) (PP-2 than (NP women))))))))))))) , (NP-SBJ-1 (NP 70 %) (PP of (NP the Reagan generation))) (VP disagreed , (PP compared (PP with (NP (NP (QP under 60) %) (PP of (NP younger men and women)) (PP-TMP in (NP the earlier years)))))) .)) (TOP (NP-HLN Odds and Ends)) (TOP (S (S-TPC-3 (NP-SBJ-1 (ADJP SEPARATED and divorced) men and women) (VP are (ADJP-PRD (ADJP (ADVP far more) likely (S (NP-SBJ *-1) (VP to (VP be (NP-PRD smokers))))) (PP than (NP married persons))))) , (NP-SBJ (NP the Centers) (PP for (NP Disease Control))) (VP discovers (SBAR 0 (S *T*-3))) ... .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Graduate students) (VP are (VP taking (ADVP (ADVP longer) (PP than (ADVP-TMP ever))) (S-CLR (NP-SBJ *-1) (VP to (VP get (NP (NP their doctor) (PP of (NP philosophy degrees))))))))) , (NP-SBJ the National Research Council) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ It) (VP estimates (SBAR 0 (S (NP-SBJ (NP the time) (PP between (NP (NP college graduation) and (NP (NP the awarding) (PP of (NP a Ph. D.)))))) (VP has (VP lengthened (PP-EXT by (NP 30 %)) (PP-TMP over (NP the past 20 years)) , (PP with (S-NOM (NP-SBJ the average gap) (ADVP-TMP now) (VP ranging (PP-CLR (PP from (NP (NP (QP about 7.4) years) (PP-LOC in (NP the physical sciences)))) (PP to (NP (NP 16.2 years) (PP-LOC in (NP education))))))))))))) .)) (TOP (S (NP-SBJ October) (VP was (NP-PRD an edgy month) (PP for (NP (NP the practitioners) (PP of (NP (NP glasnost) , (NP (NP the official Soviet policy) (PP of (S-NOM (NP-SBJ *) (VP allowing (NP (NP more candor) (PP from (NP (NP the nation 's) media)))))))))))) .)) (TOP (S (PP For (NP (NP (NP one) (PP of (NP (NP the superstars) (PP of (NP glasnost))))) , (NP (NP Vitaly Korotich) , (NP (NP editor) (PP of (NP the trail-blazing weekly Ogonyok)))))) , (NP-SBJ (NP Friday) , (NP Oct. 20)) (VP was (NP-PRD (NP a somersaulting day) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP turned (PP-CLR from (NP tension)) (PP-CLR to (NP elation))))))) .)) (TOP (S (NP-SBJ-1 He) (VP had (VP been (VP summoned (NP *-1) (PP-CLR to (NP (NP the Central Committee) (PP of (NP the Soviet Communist Party)))) , (SBAR-TMP after (S (NP-SBJ he) (VP finished (NP (NP (NP his lunch) (PP-LOC at (NP the Savoy Hotel))) , (NP (NP an unlikely prelude) (PP to (NP a bureaucratic brow-beating))) (PRN : (S (NP-SBJ Eight-foot-tall (ADJP Rubenesquely naked) ladies) (VP float (PP-LOC on (NP their canvases)) (PP-DIR toward (NP (NP a ceiling) (VP teeming (PP-CLR with (NP (NP cherubs) , (VP all (VP surrounded (NP *) (PP by (NP-LGS (NP gilt) (VP laid (NP *) (PRT on) (PP-MNR with (NP (NP a pastry chef 's) trowel)))))) and (VP supported (NP *) (PP by (NP-LGS (NP marble corinthian columns) (SBAR (WHNP-2 whose capitals) (S (NP-SBJ *T*-2) (VP are (NP-PRD (NP fluting fountains) (PP of (NP gold))))))))))))))))))))))))) .)) (TOP (SBARQ (WHADVP-2 Why) (S had (NP-SBJ-1 Mr. Korotich) (VP been (VP called (NP *-1) (ADVP-PRP *T*-2)))) ?)) (TOP (S `` (S-1 (NP-SBJ I) (VP told (NP my driver) (PRN , '' (S (NP-SBJ he) (VP said (S *T*-1))) ,) `` (SBAR that (S (NP-SBJ he) (VP was (VP taking (NP my butt) (PP-CLR to (NP the Central Committee)) (SBAR-PRP so (S (NP-SBJ they) (VP can (VP *?*)))))))))) ... '' (S (INTJ whack , whack , whack) (NP-SBJ his hand) (VP made (NP vigorous spanking gestures) (PP-CLR on (NP his left palm)))) . ``)) (TOP (S (NP-SBJ They) (VP feel (NP-PRD the need (S *ICH*-2)) (PP-TMP (PP from (NP time)) (PP to (NP time))) (S-2 (NP-SBJ *) (VP to (VP ` educate ' (NP me))))) . '')) (TOP (S And (ADVP indeed) , (SBAR-ADV as (S (NP-SBJ he) (ADVP-TMP later) (VP reported))) , (NP-SBJ that) (VP was (NP-PRD (NP the import) (PP of (NP the meeting)))) .)) (TOP (S (NP-SBJ (NP Anxious allies) (PP of (NP President Mikhail Gorbachev))) (VP are (VP cautioning (S (NP-SBJ-2 media leaders) (VP (VP to (VP take (NP-CLR it) (ADVP-CLR easy))) , (VP to (VP be (ADJP-PRD careful (S (NP-SBJ *-2) not (VP to (VP do (NP (NP anything) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP could (VP be (VP used (NP *-1) (PP by (NP-LGS (NP Mr. Gorbachev 's) opponents)))))))))))))))))) .)) (TOP (S (NP-SBJ The government) (VP is (ADJP-PRD nervous)) .)) (TOP (S (PP According (PP to (NP (NP Mr. Korotich) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD present)))) ,))) (NP-SBJ (NP (NP Mr. Gorbachev 's) publicized tongue-lashing) (PP of (NP the press)) (PP-TMP on (NP Oct. 13))) (VP was (NP-PRD (NP more) (PP of (NP (NP a plea) : `` (S (S (NP-SBJ *) (VP Be (ADJP-PRD careful) (NP-VOC boys))) ; (S (NP-SBJ *) (VP use (NP good judgment)))))))) .)) (TOP (S (NP-SBJ We) (VP 're (VP standing (PP-LOC-CLR in (NP gasoline)) , (SBAR-PRP so (S (NP-SBJ *) (VP do n't (VP smoke)))))) ! '')) (TOP (S (NP-SBJ (UCP U.S. and (ADJP northern European)) diplomats) (VP confirm (NP (NP Mr. Korotich 's) assessment (SBAR that (S (NP-SBJ glasnost) (VP is (PP-LOC-PRD in (NP no immediate danger))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ a (ADJP very high-ranking) Soviet official) (VP told (NP an American official) (PP-LOC at (NP a diplomatic dinner)) (SBAR that (S (NP-SBJ-1 (NP no change) (PP in (NP the policy))) (VP was (VP contemplated (NP *-1)))))) .)) (TOP (S (NP-TMP (NP The day) (PP-TMP after (NP (NP that conversation) (PP-LOC at (NP (NP the residence) (PP of (NP the U.S. ambassador))))))) , (NP-SBJ-1 (NP (NP the Brezhnevite editor) (PP of (NP Pravda))) , (NP Victor Afnasjev) ,) (VP was (VP replaced (NP *-1) (PP by (NP-LGS (NP a college classmate) (PP of (NP Mr. Gorbachev 's)))))) .)) (TOP (S (NP-SBJ Brezhnevite holdovers) (VP have (NP (NP (NP more)) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP fear (NP *T*-2) (PP from (NP Mr. Gorbachev)))))) (PP than (NP (NP the verbal spanking) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP gave (NP *T*-1) (PP-DTV to (NP the press))))))))) .)) (TOP (S (PP-TMP At (NP (NP the end) (PP of (NP (NP the very week) (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ-1 Mr. Korotich) (VP was (VP called (NP *-1) (PP-CLR to (NP the Central Committee)) (PP-TMP *T*-3))))))))) , (NP-SBJ-4 Ogonyok) (VP was (ADVP-TMP again) (VP demonstrating (NP its independence) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP printing (NP (NP a poll) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP showed (SBAR that (S (NP-SBJ (NP (NP 35 %) (PP of (NP the Soviet population))) , (NP a plurality) ,) (VP believed (SBAR that (S (NP-SBJ (NP (NP Mr. Gorbachev 's) economic reforms) , (NP perestroika) ,) (VP would (VP result (PP-CLR in (NP only insignificant change)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP A good measurement) (PP of (NP (NP the popularity) (PP of (NP (NP ice-breaker journals) (PP like (NP Ogonyok))))))) (VP is (NP-PRD circulation)) .)) (TOP (S (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Mr. Korotich) (VP took (NP it) (PRT over) (PP-TMP in (NP 1986)) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP sold (NP 250,000 copies))) ; (S (NP-TMP today) (NP-SBJ it) (VP sells (NP (QP 3.4 million)))) .)) (TOP (S (NP-SBJ Pravda) , (ADVP-TMP meanwhile) , (VP has (VP retained (NP (NP (QP only 57) %) (PP of (NP its 1986 readership))))) .)) (TOP (S (NP-SBJ Glasnost) (VP has (VP made (NP celebrities) (PP-CLR of (NP (NP men) (PP like (NP Mr. Korotich)))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Prevented (NP-3 *-1) (PP by (NP-LGS the Communist Party)) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP getting (PP-CLR on (NP (NP its slate) (PP of (NP (NP nominees) (PP for (NP the new Supreme Soviet))))))))))) , (NP-SBJ-2 he) (VP (VP stood (PP-CLR as (NP (NP an independent candidate) (PP for (NP Congress)) (PP from (NP his native Ukraine))))) and (VP won (PP with (NP (NP 84 %) (PP of (NP the vote)))))) .)) (TOP (S (NP-TMP (NP The same evening) (SBAR (WHNP-4 that) (S (NP-SBJ-1 he) (VP was (VP summoned (NP *-1) (PP-CLR for (NP (NP a warning) (PP from (NP the Party)))) (NP-TMP *T*-4)))))) , (NP-SBJ-2 he) (VP was (VP cheered (NP *-2) (PP by (NP-LGS (NP thousands) (PP of (NP his supporters)))) (PP-LOC at (NP (NP a rally) (PP of (SBAR-NOM (WHNP-5 what) (S (NP-SBJ-3 *T*-5) (VP can (ADVP only) (VP be (VP called (S (NP-SBJ *-3) (NP-PRD the Korotich party)))))))))))) .)) (TOP (S But (S-ADV (NP-SBJ *) (ADJP-PRD (ADJP as astounding) (SBAR as (S (NP-SBJ (NP the changes) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (ADVP-TMP already) (VP occurred))))) (VP are (ADJP-PRD *?*)))))) , (NP-SBJ there) (VP is (NP-PRD a fragility) (PP to (NP glasnost))) .)) (TOP (S (NP-SBJ Censorship) (VP is n't (NP-PRD a Marxist invention)) .)) (TOP (S (NP-SBJ The czars) (VP were (NP-PRD no civil libertarians)) .)) (TOP (S (ADVP-TMP (ADVP As late) (PP as (NP the 1890s))) , (NP-SBJ the Russian government) (VP prevented (NP (NP any coverage) (PP of (NP famines)))) .)) (TOP (S (NP-SBJ It) (ADVP even) (VP directed (S (NP-SBJ newspapers) not (VP to (VP publish (NP (NP anything) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP stain (NP (NP the honor) (PP of (NP (NP the Turkish sultan 's) wives)))))))))))) .)) (TOP (S So (NP-SBJ glasnost) (VP is not (NP-PRD (NP a value) (VP woven (NP *) (PP-CLR with (NP steel threads)) (PP-CLR into (NP (NP the fabric) (PP of (NP Russian society))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP an admirable public relations program) (VP initiated (NP *) (PP by (NP-LGS a single political leader)) (PP-TMP during (NP (NP a four-year blink) (PP of (NP history))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP public relations) (PP of (NP the highest sophistication)) , (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP recognizes (SBAR that (S (NP-SBJ-1 credibility) (VP is (VP enhanced (NP *-1) (PP by (NP-LGS honesty)) -- (PP-LOC up (PP to (NP a point)))))))))))) .)) (TOP (SBARQ (WHNP-1 What) (SINV is (NP-SBJ that point) (NP-PRD *T*-1)) ?)) (TOP (SQ Will (NP-SBJ Ogonyok) (VP begin (NP (NP a series) (PP of (NP (NP reports) (VP analyzing (NP (NP the failures) (PP of (NP perestroika)))))))) ?)) (TOP (SINV `` (S-TPC-3 (NP-SBJ I) (VP 'd (VP be (VP destroying (NP myself))))) , '' (VP replies (S *T*-3)) (NP-SBJ (NP Mr. Korotich) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP then) (VP asks , `` (SBARQ (WHNP-2 What) (SINV would (NP-SBJ that) (VP accomplish (NP *T*-2))) ?))))))) (TOP (S '' (S (NP-SBJ His answer) (VP reveals (NP his vulnerability))) -- (S (NP-SBJ it) (ADVP also) (VP draws (NP (NP the line) (SBAR (WHNP-1 that) (S (NP-SBJ-2 Soviet society) (VP must (VP cross (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP enter (NP (NP the normal dialogue) (PP of (NP Western culture))))))))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP the line) (SBAR (WHPP-1 beyond (WHNP which)) (S (NP-SBJ the press) (VP can (VP report (PP-CLR (CONJP not only) (PP on (NP (NP the bankruptcy) (PP of (NP factories)))) but (PP on (NP (NP the failures) (PP of (NP even admirable leaders))))) (PP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ Mr. Ayers) (VP is (NP-PRD (NP editor and publisher) (PP of (NP the (NAC-LOC Anniston , Ala. ,) Star)))) .)) (TOP (S (NP-SBJ (NP A state trial judge) (PP-LOC in (NP Illinois))) (VP gave (NP preliminary approval) (PP-DTV to (NP (NP a proposed settlement) (PP of (NP (NP a suit) (PP against (NP (NP a (NAC Bank (PP of (NP New York Co.))) unit) , (NP Irving Trust Co.) ,)) (PP over (NP (NP the interest rates) (PP on (NP (NP Irving 's) former One Wall Street Account money-market deposit accounts))))))))) .)) (TOP (S (NP-SBJ (NP Judge Albert Green) , (PP-LOC in (NP (NP Cook County Circuit Court) (PP-LOC in (NP Chicago)))) ,) (ADVP also) (VP recognized (NP (NP the suit) , (VP filed (NP *) (NP-TMP last May) (PP by (NP-LGS Robert and Cynthia Langendorf)))) , (PP-CLR as (NP (NP a class action) (VP covering (NP (NP thousands) (PP of (NP Irving customers))))))) .)) (TOP (S (NP-SBJ The plaintiffs) (VP accused (NP-2 Irving) (PP-CLR of (S-NOM (NP-SBJ *-2) (VP paying (NP (NP less interest) (SBAR than (S (NP-SBJ *) (VP promised (NP *?*) (PP-LOC in (NP a marketing brochure)))))))))) .)) (TOP (S (NP-SBJ Irving) (VP maintained (PRN -- and (ADVP-TMP still) (VP does (VP *?*)) --) (SBAR that (S (NP-SBJ its actions) (VP were (ADJP-PRD proper) (PP-LOC under (NP (NP its account agreements) (PP with (NP customers)))))))) .)) (TOP (S (PP-LOC Under (NP the proposed settlement)) , (NP-SBJ (NP customers) (PP with (NP (NP valid claims) -- (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP submitted (NP *-1) (PP-TMP by (NP Dec. 15))))))) --))) (VP will (VP receive (NP `` (NP valuable bank services) , '' (PP such as (NP (NP credit cards) (PP with (NP reduced finance charges))))) , (PP-TMP for (NP two years)))) .)) (TOP (S (NP-SBJ (NP Larry Drury) , (NP (NP attorney) (PP for (NP the plaintiffs))) ,) (VP valued (NP the settlement) (PP-CLR at (NP (QP between $ 6 million and $ 8 million) *U*))) .)) (TOP (S (NP-SBJ (NP (NP A (NAC Bank (PP of (NP New York))) spokesman) (PP-LOC in (NP Manhattan))) , (NP Owen Brady) ,) (VP said , `` (S (NP-SBJ That) (VP 's (NP-PRD the maximum , outside figure)))) .)) (TOP (S (NP-SBJ-1 Federal Reserve critics) (VP used (S (NP-SBJ *-1) (VP to (VP complain (PP-CLR of (NP `` (ADJP stop and go) '' monetary policies)))))) .)) (TOP (S (NP-SBJ They) (VP claimed (SBAR that (S (NP-SBJ-1 the Fed) (VP would (VP (VP (ADVP-TMP first) give (NP a green light) (PP-DTV to (NP the economy)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP making (S (NP-SBJ credit) (ADJP-PRD readily available)))))) and (VP (ADVP-TMP then) (VP turn (PRT on) (NP the red)) and (VP bring (NP growth) (PP-CLR to (NP a screeching halt))))))))) .)) (TOP (S But (PP-LOC under (NP Alan Greenspan)) (NP-SBJ that) (VP has (VP changed)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD A (ADJP supremely cautious) man)) , (NP-SBJ-1 the Fed chairman) (VP is (ADVP-TMP forever) (VP blinking (ADJP yellow))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ his caution) (VP has (VP become (ADJP-PRD legendary) (PP-LOC within (NP the government)))) .)) (TOP (S (NP-SBJ-1 He) (VP fusses (ADVP-TMP endlessly) (PP-CLR over (NP economic statistics)) , (S-ADV (NP-SBJ *-1) (VP dissecting (NP them) (PP-MNR in (NP (NP dozens) (PP of (NP ways)))))) , (S-ADV (NP-SBJ *-1) (VP probing (PP-TMP for (NP hours)) (PP-PRP in (NP (NP search) (PP of (NP potential problems))))))) .)) (TOP (S (S (PP-TMP After (S-NOM (NP-SBJ *-4) (VP (ADVP-MNR thoroughly) digesting (NP (NP reams) (PP of (NP information)))))) , (NP-SBJ-4 he) (ADVP-TMP often) (VP concludes (SBAR that (S (NP-SBJ-1 more data) (VP are (VP needed (NP *-1))))))) , and (S (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-3 he) (ADVP-TMP finally) (VP decides (S (NP-SBJ *-3) (VP to (VP act))) (ADVP-TMP *T*-2)))) , (NP-SBJ his movements) (ADVP-TMP sometimes) (VP seem (ADJP-PRD excrutiatingly small))) .)) (TOP (S (NP-SBJ Such caution) (VP was (ADJP-PRD evident) (PP-TMP after (NP the recent Friday-the-13th stock market plunge))) .)) (TOP (S (NP-SBJ Some Bush administration officials) (VP urged (NP-1 Mr. Greenspan) (S (NP-SBJ *-1) (VP to (VP make (NP (NP an immediate public announcement) (PP of (NP his plans (S (NP-SBJ *) (VP to (VP provide (NP ample credit) (PP-CLR to (NP the markets)))))))))))) .)) (TOP (S But (NP-SBJ-2 he) (VP refused , (S-ADV (NP-SBJ *-2) (VP claiming (SBAR that (S (NP-SBJ-3 he) (VP wanted (S (NP-SBJ *-3) (VP to (VP see (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happened (NP-TMP Monday morning)))) (PP-TMP before (S-NOM (NP-SBJ *-3) (VP making (NP any public statement))))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Greenspan 's) decision (S (NP-SBJ *) (VP to (VP keep (NP quiet))))) (VP also (VP prompted (NP (NP a near-mutiny) (PP-LOC within (NP (NP the Fed 's) ranks))))) .)) (TOP (S (NP-SBJ-1 A `` senior Fed official '') (VP spoke (PP-TMP on (NP Saturday)) (PP-TMP after (NP the market swoon)) (PP-CLR to (NP both (NP the Washington Post) and (NP the New York Times))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ-2 the Fed) (VP was (VP prepared (S (NP-SBJ *-2) (VP to (VP provide (NP (NP as much credit) (SBAR as (S (NP-SBJ the markets) (VP needed (NP *?*))))))))))))))) .)) (TOP (S (S (NP-SBJ The statement) (VP angered (NP Chairman Greenspan))) , but (S (NP-SBJ-1 it) (VP was (VP greeted (NP *-1) (PP-CLR with (NP applause)) (PP by (NP-LGS (NP the Bush administration) and (NP the financial markets)))))) .)) (TOP (S And , (SBAR-ADV while (S (NP-SBJ the mutinous Fed member) (VP has n't (VP gone (ADJP-PRD public))))) , (NP-SBJ-1 (NP some Fed governors) , (NP (ADVP most notably) Vice Chairman Manuel Johnson)) , (VP are (VP known (S (NP-SBJ *-1) (VP to (VP have (VP disagreed (PP-CLR with (NP (NP the chairman 's) decision (S (NP-SBJ *) (VP to (VP remain (ADJP-PRD silent)))))))))))) .)) (TOP (S (ADVP Ironically) , (NP-SBJ (NP the anonymous official 's) comments) (VP have (VP earned (NP some plaudits) (PP for (NP (NP Mr. Greenspan) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP (ADVP-MNR mistakenly) seen (PP-CLR as (NP the source)))))))))) .)) (TOP (S (PP-LOC At (NP a hearing)) (NP-TMP last week) , (NP-SBJ (NP Democratic Sen. Chris Dodd) (PP of (NP Connecticut))) (VP told (NP Treasury Secretary Nicholas Brady) (SBAR that (S `` (NP-SBJ (NP (NP Chairman Greenspan 's) '' announcement) (PP-TMP over (NP the Oct. 13 weekend))) (VP was (NP-PRD a `` (ADVP very important) statement))))) . '')) (TOP (S (NP-SBJ Mr. Brady) (VP (ADVP-MNR hesitantly) replied (SBAR that (S (NP-SBJ he) (VP was n't (ADJP-PRD sure (SBAR (SBAR whether (S (NP-SBJ Mr. Greenspan) `` (VP made (NP a statement) (NP-ADV himself)))) , or (SBAR whether (S (NP-SBJ that) (VP was (NP-PRD a newspaper report)))))))))) . '')) (TOP (S (NP-SBJ (NP The Fed chairman 's) caution) (VP was (ADJP-PRD apparent) (ADVP-TMP again) (PP-TMP on (NP (NP the Monday morning) (PP-TMP after (NP (NP the market 's) plunge)) , (SBAR (WHADVP-1 when) (S (NP-SBJ the central bank) (VP took (NP (NP only modest steps) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP aid (NP the markets)))))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ-1 (NP A (ADJP surprisingly small) amount) (PP of (NP reserves))) (VP was (VP added (NP *-1) (PP-CLR to (NP the banking system)))) .)) (TOP (S And , (PP-TMP by (NP (NP the end) (PP of (NP that week)))) , (NP-SBJ (NP the key federal funds interest rate) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP is (ADVP largely) (VP controlled (NP *-3) (PP by (NP-LGS the Fed)))))) ,) (VP had (VP settled (PP-CLR at (NP (NP 8.75 %) , (VP (ADVP-MNR barely) changed (NP *) (PP-CLR from (NP (NP the level) (PP of (NP (QP just under 9) %)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP prevailed (NP-TMP the previous week))))))))))) .)) (TOP (S (NP-SBJ Bush administration officials) (VP appear (ADJP-PRD increasingly concerned (SBAR that (S (NP-SBJ Mr. Greenspan) (VP is (ADJP-PRD cautious (PP to (NP a fault)))))))) .)) (TOP (S (NP-SBJ (NP Signs) (PP of (NP (NP growing weakness) (PP-LOC in (NP the economy)))) , (VP paired (NP *) (PP-CLR with (NP indications (SBAR that (S (NP-SBJ inflation) (VP is (VP staying (PP-CLR (ADVP well) under (NP control))))))))) ,) (VP have (VP caused (S (NP-SBJ them) (VP to (VP wonder (SBAR (WHADVP-1 why) (S (NP-SBJ-2 the Fed chairman) (VP is (ADJP-PRD so grudging) (PP in (S-NOM (NP-SBJ *-2) (VP reducing (NP rates)))) (ADVP-PRP *T*-1))))))))) .)) (TOP (S (NP-SBJ-1 Those concerns) (VP are n't (VP expressed (NP *-1) (PP-LOC in (NP public)))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ-1 (NP the administration) and (NP the Fed)) (VP have (VP been (VP going (ADVP-CLR out (PP of (NP their way))) (PP-TMP in (NP the past two weeks)) (S-PRP (NP-SBJ *-1) (VP to (VP dispel (NP any impression (SBAR that (S (NP-SBJ they) (VP are (PP-PRD at (NP odds))))))))) , (S-ADV (NP-SBJ *-1) (VP fearing (SBAR 0 (S (NP-SBJ (NP stories) (PP about (NP an administration-Fed split))) (VP added (PP-CLR to (NP (NP the stock market 's) jitters)))))))))) .)) (TOP (S (ADVP-TMP Still) , (NP-SBJ the split) (VP is (ADVP-LOC-PRD there)) .)) (TOP (S (NP-SBJ (NP The administration 's) concerns) (VP are (ADJP-PRD understandable)) .)) (TOP (S (NP-SBJ The economy) (VP is (VP showing (NP (NP signs) (PP of (NP weakness))) , (PP-LOC (ADVP particularly) among (NP manufacturers)))) .)) (TOP (S (NP-SBJ-2 (NP Exports) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP played (NP (NP a key role) (PP-LOC in (S-NOM (NP-SBJ *) (VP fueling (NP growth))))) (PP-TMP over (NP the last two years))))) ,) (VP seem (S (NP-SBJ *-2) (VP to (VP have (VP stalled))))) .)) (TOP (S (S (NP-SBJ Factory payrolls and production) (VP fell (PP-TMP in (NP September)))) , and (S (NP-SBJ (NP the auto industry) and (NP housing)) (VP are (PP-LOC-PRD in (NP a severe crunch)))) .)) (TOP (S But (NP-SBJ-2 Mr. Greenspan) (VP remains (ADJP-PRD reluctant (S (NP-SBJ *-2) (VP to (VP loosen (NP policy))))) , (SBAR-PRP partly because (S (NP-SBJ he) (VP faces (NP (NP a phalanx) (PP of (NP (NP presidents) (PP of (NP regional Fed banks)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP oppose (NP credit easing))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the chairman) (VP has (NP (NP a wary eye) (VP aimed (NP *) (PP-CLR (NP-ADV a year (QP or two)) down (NP the road))))) .)) (TOP (S (NP-SBJ-1 Inflation) (VP may (VP be (ADJP-PRD stable) (PP-TMP at (NP the moment)) , (S-ADV (NP-SBJ *-1) (VP running (PP-CLR at (NP (QP about 4.5) %)))))) .)) (TOP (S-1 But (SBAR-ADV if (S (NP-SBJ the Fed) (VP eases (ADVP-TMP too soon)))) (PRN , (S (NP-SBJ Mr. Greenspan) (VP fears (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 prices) (VP may (VP begin (S (NP-SBJ *-2) (VP to (VP accelerate (ADVP-TMP again) (NP-TMP next year)))))) .)) (TOP (S (ADVP Moreover) , (SBAR-ADV if (S (NP-SBJ the Fed) (VP holds (ADVP-CLR tight)))) , (NP-SBJ-2 it) (VP may (VP be (ADJP-PRD able (S (NP-SBJ-3 *-2) (VP (ADVP-MNR gradually) to (VP reduce (NP inflation) , (S-ADV (NP-SBJ *-3) (VP moving (PP-DIR toward (NP (NP the zero-inflation goal) (SBAR (WHNP-1 that) (S (NP-SBJ the Fed chairman) (VP embraced (NP *T*-1) (PP-LOC in (NP (NP testimony) (PP to (NP Congress)))) (NP-TMP last week)))))))))))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ (NP (NP Mr. Greenspan 's) cautious approach) (PP to (NP policy))) (VP has (VP served (NP both (NP him) and (NP the nation)) (ADVP-MNR well))) .)) (TOP (S (NP-SBJ (NP His hand) (PP-LOC on (NP the monetary tiller))) (VP seems (NP-PRD (NP one reason) (SBAR (WHADVP-2 why) (S (NP-SBJ-1 (NP the economy) (NP-TMP next month)) (VP seems (ADJP-PRD highly likely (S (NP-SBJ *-1) (VP to (VP begin (NP (NP an unprecedented eighth year) (PP of (NP peacetime growth)) (PP without (NP a recession))))))) (ADVP-PRP *T*-2)))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ We) (VP 've (VP gotten (PP-CLR through (NP two stock market crashes))))) , and (S (NP-SBJ we) (VP 've (VP gone (PP-CLR through (NP an election)) (PP without (NP any major problems)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP David Hale) , (NP (NP an economist) (PP of (NP Kemper Financial Services)))) .)) (TOP (S `` (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-1 you) (VP have (S (NP-SBJ *-1) (VP to (VP give (NP Greenspan) (NP a good rating)))))))) . '')) (TOP (S But (NP-SBJ such caution) (VP is (NP-PRD (NP no guarantee) (PP against (NP mistakes)))) .)) (TOP (S (NP-SBJ (NP The Fed 's) reluctance (S (NP-SBJ *) (VP to (VP ease (NP credit))))) (ADVP-TMP now) (VP could (VP be (VP laying (NP the groundwork) (PP-CLR for (NP (NP a new recession) , (VP (ADVP perhaps) starting (NP-TMP early next year))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ that) (VP happens))) , (NP-SBJ Chairman Greenspan) (VP could (ADVP well) (VP become (NP-PRD an open target))) .)) (TOP (S (ADVP-TMP Already) , (NP-SBJ Congress) (VP is (VP toying (PP-CLR with (NP (NP legislation) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP curb (NP (NP the Fed 's) independence))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the economy) (VP turns (ADVP-CLR down)))) , (NP-SBJ such proposals) (VP could (VP gain (NP strong momentum))) .)) (TOP (S (NP-SBJ-1 The following issues) (VP were (ADVP-TMP recently) (VP filed (NP *-1) (PP-CLR with (NP the Securities and Exchange Commission)))) :)) (TOP (NP (NP ECI Environmental Inc.) , (NP (NP initial offering) (PP of (NP (NP (QP 1.1 million) shares) , (SBAR (WHPP-1 of (WHNP which)) (S (S (NP-SBJ ECI) (VP will (VP sell (NP (NP 990,000) (PP *T*-1))))) and (S (NP-SBJ co-founders) (VP will (VP sell (NP (NP 110,000 shares) (PP *T*-1)))))))))) , (PP via (NP Oppenheimer & Co)) .)) (TOP (NP (NP Fastenal Co.) , (NP (NP proposed offering) (PP of (NP 400,000 common shares)) (PP by (NP holders))) , (PP via (NP (NP Robert W. Baird & Co.) and (NP William Blair & Co))) .)) (TOP (NP (NP First Capital Holdings Corp.) , (NP (NP proposed offering) (PP of (NP (NP (QP $ 275 million) *U*) (PP of (NP floating rate senior notes))))) , (PP via (NP Shearson Lehman Hutton Inc)) .)) (TOP (NP (NP Industrial Funding Corp.) , (NP (NP initial offering) (PP of (NP common stock))) , (PP via (NP (NP Alex . Brown & Sons Inc.) and (NP Piper Jaffray & Hopwood))) .)) (TOP (NP (NP Parametric Technology Corp.) , (NP (NP initial offering) (PP of (NP (NP (QP 1.7 million) common shares) , (SBAR (WHPP-2 of (WHNP which)) (S (S (NP-SBJ-1 (NP 1,365,226 shares) (PP *T*-2)) (VP will (VP be (VP sold (NP *-1) (PP-3 by (NP-LGS the company)))))) and (S (NP-SBJ=1 (NP 334,774 shares) (PP *T*-2)) (PP=3 by (NP-LGS holders)))))))) , (PP via (NP (NP Alex Brown & Sons) , (NP Hambrecht & Quist) and (NP Wessels , Arnold & Henderson))) .)) (TOP (NP (NP Union Camp Corp.) , (NP (NP shelf offering) (PP of (NP (NP (QP up to $ 250 million) *U*) (PP of (NP debt securities))))) .)) (TOP (S (NP-SBJ-1 (NP Spencer J. Volk) , (NP (NP (NP president) and (NP chief operating officer)) (PP of (NP this consumer and industrial products company))) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD a director)))) .)) (TOP (S (NP-SBJ (NP Mr. Volk) , (ADJP (NP-ADV 55 years) old) ,) (VP succeeds (NP (NP Duncan Dwight) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP retired (PP-TMP in (NP September))))))) .)) (TOP (S (PP-TMP In (NP (NP an age) (PP of (NP specialization)))) , (NP-SBJ the federal judiciary) (VP is (NP-PRD (NP one) (PP of (NP (NP the last bastions) (PP of (NP the generalist)))))) .)) (TOP (S (NP-SBJ-1 A judge) (VP must (VP (VP jump (PP-DIR-2 from (NP murder)) (PP-DIR-3 to (NP antitrust cases))) , (VP (PP-DIR=2 from (NP arson)) (PP-DIR=3 to (NP securities fraud))) , (PP without (S-NOM (NP-SBJ *-1) (VP missing (NP a beat)))))) .)) (TOP (S But (ADVP even) (PP-LOC on (NP the federal bench)) , (S (NP-SBJ specialization) (VP is (VP creeping (ADVP-CLR in)))) , and (S (NP-SBJ it) (VP has (VP become (NP-PRD (NP a subject) (PP of (NP sharp controversy))) (PP-LOC on (NP the newest federal appeals court))))) .)) (TOP (S (NP-SBJ-1 (NP The Court) (PP of (NP Appeals)) (PP for (NP the Federal Circuit))) (VP was (VP created (NP *-1) (PP-TMP in (NP 1982)) (S-CLR (NP-SBJ *-1) (VP to (VP serve , (PP among (NP other things)) , (PP-CLR as (NP (NP the court) (PP of (NP last resort)))) (PP for (NP most patent disputes))))))) .)) (TOP (S (ADVP-TMP Previously) , (NP-SBJ patent cases) (VP moved (PP-DIR through (NP the court system)) (PP-DIR to (NP (NP one) (PP of (NP the 12 circuit appeals courts))))) .)) (TOP (S (ADVP-LOC There) , (NP-SBJ (NP judges) (SBAR (WHNP-1 who) (S (S (NP-SBJ *T*-1) (VP saw (NP few such cases))) and (S (NP-SBJ *T*-1) (VP had (NP (NP no experience) (PP-LOC in (NP the field)))))))) (VP grappled (PP-CLR with (NP (NP some) (PP of (NP (NP the (ADJP most technical and complex) disputes) (ADJP imaginable)))))) .)) (TOP (S (NP-SBJ-1 A new specialty court) (VP was (VP sought (NP *-1) (PP by (NP-LGS (NP patent experts) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP believed (SBAR that (S (NP-SBJ the generalists) (VP had (VP botched (NP (ADJP too many) important , multimillion-dollar cases)))))))))))) .)) (TOP (S (NP-SBJ Some patent lawyers) (VP had (VP hoped (SBAR that (S (NP-SBJ-1 such a specialty court) (VP would (VP be (VP filled (NP *-1) (PP-CLR with (NP (NP experts) (PP-LOC in (NP the field))))))))))) .)) (TOP (S But (S (NP-SBJ the Reagan administration) (VP thought (ADVP-MNR otherwise))) , and (SINV (ADVP-PRD-TPC-1 so) (VP may (ADVP-PRD *T*-1)) (NP-SBJ the Bush administration)) .)) (TOP (S (PP-TMP Since (NP 1984)) , (NP-SBJ the president) (VP has (VP filled (NP (NP four vacancies) (PP-LOC in (NP the Federal Circuit court))) (PP-CLR with (NP non-patent lawyers)))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ (NP (QP only three of the 12) judges) (PRN -- (NP (NP Pauline Newman) , (NP (NP Chief Judge Howard T. Markey) , (NP 68)) , and (NP (NP Giles Rich) , (NP 85))) --)) (VP have (NP patent-law backgrounds)) .)) (TOP (S (NP-SBJ (NP The latter two) and (NP (NP Judge Daniel M. Friedman) , (NP 73) ,)) (VP are (VP approaching (NP (NP senior status) or (NP retirement)))) .)) (TOP (S (S (NP-SBJ Three seats) (ADVP-TMP currently) (VP are (ADJP-PRD vacant))) and (S (NP-SBJ-3 three others) (VP are (ADJP-PRD likely (S (NP-SBJ-1 *-3) (VP to (VP be (VP filled (NP *-1) (PP-TMP within (NP a few years))))))))) , so (S (NP-SBJ (NP patent lawyers) and (NP research-based industries)) (VP are (VP making (NP (NP a new push) (PP for (NP (NP specialists) (SBAR (WHNP-4 0) (S (NP-SBJ-2 *T*-4) (VP to (VP be (VP added (NP *-2) (PP-CLR to (NP the court))))))))))))) .)) (TOP (S (NP-SBJ (NP Several organizations) , (PP including (NP (NP the Industrial Biotechnical Association) and (NP the Pharmaceutical Manufacturers Association))) ,) (VP have (VP asked (NP-1 (NP the White House) and (NP Justice Department)) (S (NP-SBJ *-1) (VP to (VP name (NP (NP candidates) (PP with (NP (UCP both patent and scientific) backgrounds)))))))) .)) (TOP (S (NP-SBJ The associations) (VP would (VP like (S (NP-SBJ the court) (VP to (VP include (NP (NP (QP between three and six) judges) (PP with (NP specialized training)))))))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP the associations))) (VP have (VP recommended (NP (NP (NP Dr. Alan D. Lourie) , (NP 54) ,) (NP (NP a former patent agent) (PP with (NP (NP a doctorate) (PP in (NP organic chemistry))))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP now) (VP is (NP-PRD (NP associate general counsel) (PP with (NP (NP SmithKline Beckman Corp.) (PP-LOC in (NP Philadelphia))))))))))) .)) (TOP (S (NP-SBJ Dr. Lourie) (VP says (SBAR 0 (S (NP-SBJ the Justice Department) (VP interviewed (NP him) (NP-TMP last July))))) .)) (TOP (S (NP-SBJ Their effort) (VP has (VP received (NP a lukewarm response) (PP-CLR from (NP the Justice Department)))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ We) (VP do not (VP feel (SBAR that (S (NP-SBJ-1 seats) (VP are (VP reserved (NP *-1) (PRN -LRB- (PP-CLR for (NP patent lawyers)) -RRB-)))))))) , '' (VP says (S *T*-4)) (NP-SBJ (NP Justice spokesman David Runkel) , (SBAR (WHNP-3 who) (S (NP-SBJ-5 *T*-3) (VP declines (S (NP-SBJ *-5) (VP to (VP say (SBAR (WHADVP-6 how soon) (S (NP-SBJ-2 a candidate) (VP will (VP be (VP named (NP *-2) (ADVP-TMP *T*-6))))))))))))) .)) (TOP (S `` But (NP-SBJ we) (VP will (VP take (NP it) (PP-CLR into (NP consideration)))) . '')) (TOP (S (NP-SBJ-1 (NP The Justice Department 's) view) (VP is (VP shared (NP *-1) (PP by (NP-LGS (NP other lawyers) and (NP (NP (NP (QP at least one) member) (PP of (NP the court))) , (NP Judge H. Robert Mayer) , (NP (NP a former civil litigator) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP served (PP-LOC at (NP the claims court trial level)) (SBAR-TMP before (S (NP-SBJ-2 he) (VP was (VP appointed (NP *-2) (PP-CLR to (NP the Federal Circuit)) (ADVP-TMP (NP two years) ago)))))))))))))) .)) (TOP (S-6 `` (NP-SBJ-2 I) (VP believe (SBAR that (S (NP-SBJ-4 any good lawyer) (VP should (VP be (ADJP-PRD able (S (NP-SBJ *-4) (VP to (VP (VP figure (PRT out) (NP *RNR*-5)) and (VP understand (NP *RNR*-5)) (NP-5 patent law))))))))) (PRN , '' (S (NP-SBJ Judge Mayer) (VP says (S *T*-6))) ,) (S-ADV (NP-SBJ *-2) (VP adding (SBAR that `` (S (NP-SBJ (NP it) (S *EXP*-3)) (VP 's (NP-PRD (NP the responsibility) (PP of (NP (NP (ADJP highly paid) lawyers) (PRN -LRB- (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP argue (PP-LOC before (NP the court))))) -RRB-)))) (S-3 (NP-SBJ *) (VP to (VP make (S (NP-SBJ us) (VP understand -LRB- (NP complex patent litigation) -RRB-))))))))))) . '')) (TOP (S Yet (NP-SBJ some lawyers) (VP point (PP-CLR to (NP (NP (NP Eli Lilly & Co.) vs. (NP Medtronic , Inc.)) , (NP (NP the patent infringement case) (SBAR (WHNP-2 0) (S (NP-SBJ-3 the Supreme Court) (NP-TMP this month) (VP agreed (S (NP-SBJ *-3) (VP to (VP review (NP *T*-2)))))))) ,)) (PP-CLR as (NP (NP an example) (PP of (NP (NP poor legal reasoning) (PP by (NP (NP judges) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP lack (NP patent litigation experience))))))))))) .)) (TOP (S -LRB- (NP-SBJ Judge Mayer) (VP was not (PP-LOC-PRD on (NP the three-member panel))) . -RRB-)) (TOP (S (PP-LOC In (NP the Lilly case)) , (NP-SBJ the appeals court) (VP (ADVP-MNR broadly) construed (S (NP-SBJ a federal statute) (VP to (VP grant (NP (NP Medtronic) , (NP a medical device manufacturer) ,) (NP (NP an exemption) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP infringe (NP a patent) (PP-LOC under (NP certain circumstances)) (ADVP-MNR *T*-1)))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the Supreme Court) (VP holds (PP-CLR in (NP (NP Medtronic 's) favor))))) , (NP-SBJ the decision) (VP will (VP have (NP billion-dollar consequences) (PP for (NP (NP the manufacturers) (PP of (NP (NP medical devices) , (NP color and food additives) and (NP (NP all other non-drug products) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP required (NP Food & Drug Administration approval))))))))))) .)) (TOP (S (NP-SBJ (NP Lisa Raines) , (NP (NP (NP a lawyer) and (NP (NP director) (PP of (NP government relations)))) (PP for (NP the Industrial Biotechnical Association))) ,) (VP contends (SBAR that (S (NP-SBJ (NP a judge) (ADJP well-versed (PP in (NP (NP patent law) and (NP (NP the concerns) (PP of (NP research-based industries))))))) (VP would (VP have (VP ruled (ADVP-MNR otherwise))))))) .)) (TOP (S And (NP-SBJ (NP Judge Newman) , (NP a former patent lawyer) ,) (VP wrote (PP-LOC in (NP her dissent)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the court) (VP denied (NP (NP a motion) (PP for (NP (NP a rehearing) (PP of (NP the case)) (PP by (NP the full court))))) (ADVP-TMP *T*-1)))) , `` (S (NP-SBJ (NP The panel 's) judicial legislation) (VP has (VP affected (NP an important high-technological industry) , (PP without (NP (NP regard) (PP to (NP (NP the consequences) (PP for (NP (NP research and innovation) or (NP the public interest))))))))))) . '')) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ Ms. Raines) , `` (S-1 -LRB- (NP-SBJ The judgment) -RRB- (VP confirms (NP our concern (SBAR that (S (NP-SBJ (NP the absence) (PP of (NP patent lawyers)) (PP-LOC on (NP the court))) (VP could (VP prove (ADJP-PRD troublesome)))))))) .)) (TOP (NP-TMP-HLN (NP Friday) , (NP October 27 , 1989))) (TOP (S (NP-SBJ (NP The key (UCP U.S. and foreign) annual interest rates) (ADVP-LOC below)) (VP (VP are (NP-PRD (NP a guide) (PP to (NP general levels)))) but (VP do n't (ADVP-TMP always) (VP represent (NP actual transactions)))) .)) (TOP (NP (NP PRIME RATE) : (NP (QP 10 1) %) .)) (TOP (NP (NP The base rate) (PP on (NP corporate loans)) (PP-LOC at (NP large U.S. money center commercial banks)) .)) (TOP (NP (NP FEDERAL FUNDS) : (NP (NP (ADJP (QP 8 3) %) high) , (NP (ADJP (QP 8 11) %) low) , (NP (NP (QP 8 5) %) (PP-LOC near (NP closing bid))) , (NP (NP (QP 8 11) %) (VP offered (NP *)))) .)) (TOP (NP (NP Reserves) (VP traded (NP *) (PP-LOC among (NP commercial banks)) (PP for (NP overnight use)) (PP-CLR in (NP (NP amounts) (PP of (NP (QP $ 1 million) *U* (QP or more)))))) .)) (TOP (NP (NP Source) : (NP Fulton Prebon (PRN -LRB- U.S.A . -RRB-) Inc) .)) (TOP (NP (NP DISCOUNT RATE) : (NP 7 %) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP depository institutions)) (PP by (NP the New York Federal Reserve Bank)))) .)) (TOP (NP (NP CALL MONEY) : (NP (QP 9 3 % to 10 %) *U*) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP brokers)))) (PP on (NP stock exchange collateral)) .)) (TOP (NP (NP (NP COMMERCIAL PAPER) (VP placed (NP *) (ADVP-MNR directly) (PP by (NP-LGS General Motors Acceptance Corp.)))) : (NP (NP 8.50 %) (NP (QP 30 to 44) days)) ; (NP (NP 8.25 %) (NP (QP 45 to 65) days)) ; (NP (NP 8.375 %) (NP (QP 66 to 89) days)) ; (NP (NP 8 %) (NP (QP 90 to 119) days)) ; (NP (NP 7.875 %) (NP (QP 120 to 149) days)) ; (NP (NP 7.75 %) (NP (QP 150 to 179) days)) ; (NP (NP 7.50 %) (NP (QP 180 to 270) days)) .)) (TOP (NP (NP COMMERCIAL PAPER) : (NP (NP High-grade unsecured notes) (VP sold (NP *) (PP-CLR through (NP dealers)) (PP by (NP-LGS major corporations)) (PP-MNR in (NP (NP multiples) (PP of (NP $ 1,000 *U*)))))) : (NP (NP 8.575 %) (NP 30 days)) ; (NP (NP 8.475 %) (NP 60 days)) ; (NP (NP 8.40 %) (NP 90 days)) .)) (TOP (NP (NP (NP CERTIFICATES) (PP OF (NP DEPOSIT))) : (NP (NP 8.09 %) (NP one month)) ; (NP (NP 8.04 %) (NP two months)) ; (NP (NP 8.03 %) (NP three months)) ; (NP (NP 7.96 %) (NP six months)) ; (NP (NP 7.92 %) (NP one year)) .)) (TOP (NP (NP Average) (PP of (NP (NP top rates) (VP paid (NP *) (PP by (NP-LGS major New York banks)) (PP-CLR on (NP (NP primary new issues) (PP of (NP negotiable C.D.s)))) , (ADVP-TMP usually) (PP-CLR on (NP (NP amounts) (PP of (NP (QP $ 1 million) *U* (QP and more)))))))) .)) (TOP (S (NP-SBJ The minimum unit) (VP is (NP-PRD $ 100,000 *U*)) .)) (TOP (NP (NP (NP Typical rates) (PP-LOC in (NP the secondary market))) : (NP (NP 8.55 %) (NP one month)) ; (NP (NP 8.50 %) (NP three months)) ; (NP (NP 8.40 %) (NP six months)) .)) (TOP (NP (NP BANKERS ACCEPTANCES) : (NP (NP 8.52 %) (NP 30 days)) ; (NP (NP 8.35 %) (NP 60 days)) ; (NP (NP 8.33 %) (NP 90 days)) ; (NP (NP 8.17 %) (NP 120 days)) ; (NP (NP 8.08 %) (NP 150 days)) ; (NP (NP 8 %) (NP 180 days)) .)) (TOP (NP (NP Negotiable , bank-backed business credit instruments) (VP (ADVP typically) financing (NP an import order)) .)) (TOP (NP (NP LONDON LATE EURODOLLARS) : (NP (NP (QP 8 11 % to 8 9 %) *U*) (NP one month)) ; (NP (NP (QP 8 5 % to 8 1 %) *U*) (NP two months)) ; (NP (NP (QP 8 11 % to 8 9 %) *U*) (NP three months)) ; (NP (NP (QP 8 9 % to 8 7 %) *U*) (NP four months)) ; (NP (NP (QP 8 1 % to 8 3 %) *U*) (NP five months)) ; (NP (NP (QP 8 7 % to 8 5 %) *U*) (NP six months)) .)) (TOP (NP (NP (NP LONDON INTERBANK OFFERED RATES) (PRN -LRB- (NP LIBOR) -RRB-)) : (NP (NP (QP 8 11) %) (NP one month)) ; (NP (NP (QP 8 11) %) (NP three months)) ; (NP (NP (QP 8 7) %) (NP six months)) ; (NP (NP (QP 8 3) %) (NP one year)) .)) (TOP (NP (NP (NP The average) (PP of (NP (NP interbank offered rates) (PP for (NP (NP dollar deposits) (PP-LOC in (NP the London market))))))) (PP based (PP on (NP (NP quotations) (PP-LOC at (NP five major banks))))) .)) (TOP (NP (NP FOREIGN PRIME RATES) : (NP (NP Canada) (NP 13.50 %)) ; (NP (NP Germany) (NP 9 %)) ; (NP (NP Japan) (NP 4.875 %)) ; (NP (NP Switzerland) (NP 8.50 %)) ; (NP (NP Britain) (NP 15 %)) .)) (TOP (S (S (NP-SBJ These rate indications) (VP are n't (ADJP-PRD directly comparable))) ; (S (NP-SBJ lending practices) (VP vary (ADVP-MNR widely) (PP-CLR by (NP location)))) .)) (TOP (NP (NP TREASURY BILLS) : (NP (NP (NP Results) (PP of (NP (NP the (NAC-TMP Monday , October 23 , 1989 ,) auction) (PP of (NP (NP short-term U.S. government bills) , (VP sold (NP *) (PP-CLR at (NP (NP a discount) (PP from (NP face value)))) (PP-CLR in (NP (NP units) (PP of (NP (QP $ 10,000 to $ 1 million) *U*)))))))))) : (NP (NP 7.52 %) (NP 13 weeks)) ; (NP (NP 7.50 %) (NP 26 weeks)) .))) (TOP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP) . (PRN -LRB- (NP Freddie Mac) -RRB-) :)) (TOP (NP (NP Posted yields) (PP on (NP (NP 30-year mortgage commitments) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days)))))) .)) (TOP (NP (NP (NP 9.80 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 7.875 %) , (NP (ADJP 2 %) (ADJP rate capped) one-year adjustable rate mortgages)) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc .))) (TOP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION) (PRN -LRB- (NP Fannie Mae) -RRB-) :)) (TOP (NP (NP (NP Posted yields) (PP on (NP (NP 30 year mortgage commitments) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days)))))) (PRN -LRB- (VP priced (NP *) (PP-CLR at (NP (NP par)))) -RRB-)) (NP (NP 9.75 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 8.70 %) , (NP 6 (ADJP rate capped) one-year adjustable rate mortgages)) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc .))) (TOP (NP (NP MERRILL LYNCH READY ASSETS TRUST) : (NP 8.65 %) .)) (TOP (NP (NP (NP Annualized average rate) (PP of (NP return)) (PP-TMP after (NP expenses)) (PP-TMP for (NP the past 30 days))) ; not (NP (NP a forecast) (PP of (NP future returns))) .)) (TOP (S (NP-SBJ (NP (NP THE FINANCIAL ACCOUNTING STANDARDS BOARD'S) coming rule) (PP on (NP (NP disclosure) (VP involving (NP financial instruments))))) (VP will (VP be (ADJP-PRD effective) (PP for (NP (NP financial statements) (PP with (NP (NP fiscal years) (VP ending (PP-TMP after (NP June 15 , 1990))))))))) .)) (TOP (S (NP-SBJ-1 The date) (VP was (VP misstated (NP *-1) (PP-LOC in (NP (NP Friday 's) edition)))) .)) (TOP (S (NP-SBJ-1 Kidder , Peabody & Co.) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP struggle (ADVP-CLR back)))))) .)) (TOP (S (ADVP-TMP (NP (QP Only a few) months) ago) , (NP-SBJ-2 the 124-year-old securities firm) (VP seemed (S (NP-SBJ *-2) (VP to (VP be (PP-LOC-PRD on (NP (NP the verge) (PP of (NP a meltdown))))))) , (S-ADV (NP-SBJ-1 *-2) (VP racked (NP *-1) (PP by (NP-LGS (NP internal squabbles) and (NP defections)))))) .)) (TOP (S (NP-SBJ-1 (NP Its relationship) (PP with (NP parent General Electric Co.))) (VP had (VP been (VP frayed (NP *-1) (PP-TMP since (NP (NP a big Kidder insider-trading scandal) (ADVP-TMP (NP two years) ago)))))) .)) (TOP (S (NP-SBJ (NP Chief executives) and (NP presidents)) (VP had (VP come and gone)) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ the firm) (VP says (SBAR 0 (S (NP-SBJ it) (VP 's (PP-LOC-PRD at (NP a turning point)))))) .)) (TOP (S (PP-TMP By (NP (NP the end) (PP of (NP this year)))) , (NP-SBJ-6 (NP 63-year-old Chairman Silas Cathcart) (PRN -- (NP (NP the former chairman) (PP of (NP Illinois Tool Works))) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP was (VP derided (NP *-1) (PP-CLR as (NP a `` tool-and-die man '')) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ GE) (VP brought (NP-4 him) (PRT in) (S-CLR (NP-SBJ *-4) (VP to (VP clean (PRT up) (NP Kidder)))) (PP-TMP in (NP 1987)) (ADVP-TMP *T*-3)))))))) --)) (VP retires (PP-CLR to (NP his (NAC-LOC Lake Forest , Ill. ,) home)) , (ADVP possibly) (S-PRP (NP-SBJ *-6) (VP to (VP build (NP a shopping mall) (PP-LOC-CLR on (NP (NP some land) (SBAR (WHNP-5 0) (S (NP-SBJ he) (VP owns (NP *T*-5)))))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ I) (VP 've (VP done (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 I) (VP came (S-CLR (NP-SBJ *-2) (VP to (VP do (NP *T*-1))))))) '' (PP-LOC at (NP Kidder))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-3))) .)) (TOP (S And (NP-SBJ that) (VP means (SBAR 0 (S (NP-SBJ-1 (NP 42-year-old Michael Carpenter) , (NP (NP president) and (NP chief executive)) (PP-TMP since (NP January)) ,) (VP will (PP-TMP for (NP the first time)) (VP (VP take (NP complete control) (PP-CLR of (NP Kidder))) and (VP try (S (NP-SBJ *-1) (VP to (VP make (ADJP-CLR good) (PP-CLR on (NP some grandiose plans))))))))))) .)) (TOP (S (NP-SBJ Mr. Carpenter) (VP says (SBAR 0 (S (NP-SBJ he) (VP will (VP return (NP Kidder) (PP-CLR to (NP (NP prominence) (PP as (NP a great investment bank))))))))) .)) (TOP (S (NP-SBJ Wall Street) (VP is (ADJP-PRD understandably skeptical)) .)) (TOP (S (PP-TMP Through (NP (NP the first nine months) (PP of (NP the year)))) , (NP-SBJ Kidder) (VP ranks (NP a distant 10th) (PP-LOC among (NP (NP underwriters) (PP of (NP U.S. stocks and bonds)))) , (PP with (NP (NP a (ADJP 2.8 %) market share) , (ADVP up (ADVP slightly) (PP from (NP 2.5 %) (PP-TMP in (NP the year-earlier period)))))) , (PP according (PP to (NP Securities Data Co)))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP quite a fall) (PP from (NP (NP the early 1980s) , (SBAR (WHADVP-2 when) (S (NP-SBJ-1 Kidder) (ADVP-TMP still) (VP was (VP counted (NP *-1) (PP-CLR as (NP an investment-banking powerhouse)) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ (NP Gary S. Goldstein) , (NP (NP president) (PP of (NP (NP the Whitney Group) , (NP an executive search firm) ,)))) (VP said : `` (S (NP-SBJ-1 I) (VP 'd (VP like (S (NP-SBJ *-1) (VP to (VP see (S -LRB- (NP-SBJ Kidder) -RRB- (VP succeed))))))))) .)) (TOP (S But (NP-SBJ-2 they) (VP have (S (NP-SBJ *-2) (VP to (VP attract (NP (NP good senior bankers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP can (VP bring (PRT in) (NP the business) (PP-TMP from (NP day one))))))))))) . '')) (TOP (S (PP-TMP In (NP 1988)) , (NP-SBJ Kidder) (VP eked (PRT out) (NP a (ADJP (QP $ 46 million) *U*) profit) , (PP-PRP (ADVP mainly) because of (NP severe cost cutting))) .)) (TOP (S (NP-SBJ Its 1,400-member brokerage operation) (VP reported (NP an estimated (ADJP (QP $ 5 million) *U*) loss) (NP-TMP last year) , (SBAR-ADV although (S (NP-SBJ Kidder) (VP expects (S (NP-SBJ it) (VP to (VP turn (NP a profit) (NP-TMP this year)))))))) .)) (TOP (S (S (PP In (NP fact)) , (NP-SBJ Kidder) (VP is (NP-PRD a minor player) (PP-LOC in (NP (NP (ADVP just about) every business) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP does (NP *T*-1)))) (PP except (NP computer-driven program trading)))))) ; (S (PP-LOC in (NP that controversial business)) , (NP-SBJ only Morgan Stanley & Co.) (VP rivals (NP Kidder))) .)) (TOP (S But (NP-SBJ even that niche) (VP is (PP-PRD under (NP attack)) , (SBAR-ADV as (S (NP-SBJ several Wall Street firms) (VP pulled (ADVP-CLR back (PP from (NP program trading))) (NP-TMP last week) (PP-LOC under (NP (NP pressure) (PP from (NP big investors)))))))) .)) (TOP (S (NP-SBJ (NP Mr. Carpenter) , (NP (NP a former consulting-firm executive) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (NP (NP a love) (PP for `` (NP task forces))))))) , '') (VP says (SBAR 0 (S (NP-SBJ he) (VP has (VP done (NP (NP a `` complete rethink '') (PP of (NP Kidder))) (PP-TMP in (NP recent months))))))) .)) (TOP (S (NP-SBJ There) (VP have (VP been (NP-PRD (NP a dizzying parade) (PP of (NP (NP studies) (PP of (NP (NP the firm 's) operations))))))) .)) (TOP (S (NP-SBJ-1 (QP More than 20) new (NX (NX managing directors) and (NX senior vice presidents))) have (VP been (VP hired (NP *-1) (PP-TMP since (NP January)))) .)) (TOP (S (S (NP-SBJ-1 (NP The firm 's) brokerage force) (VP has (VP been (VP trimmed (NP *-1))))) and (S (NP-SBJ-2 its mergers-and-acquisitions staff) (VP increased (NP *-2) (PP-CLR to (NP a record 55 people)))) .)) (TOP (S (NP-SBJ Mr. Carpenter) (VP says (SBAR that (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP assumes (NP full control) (ADVP-TMP *T*-1)))) , (NP-SBJ Kidder) (VP will (ADVP-TMP finally) (VP tap (NP (NP the resources) (PP of (NP GE)))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP GE 's) goals))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ it) (VP bought (NP (NP 80 %) (PP of (NP Kidder))) (PP-TMP in (NP 1986)) (ADVP-TMP *T*-2)))) (VP was (S-PRD (NP-SBJ *) (VP to (VP take (NP-CLR advantage) (PP-CLR of (NP `` (NP syngeries) '' (PP between (NP (NP Kidder) and (NP (NP General Electric Capital Corp.) , (NP (NP GE 's) corporate-finance unit) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP (QP $ 42 billion) *U*) (PP in (NP assets))))))))))))))) .)) (TOP (S (NP-SBJ (NP The (ADJP leveraged buy-out) group) (PP of (NP GE Capital))) (ADVP-TMP now) (VP reports (PP-CLR to (NP Mr. Carpenter))) .)) (TOP (S (ADVP-TMP So far) , (PP instead of (S-NOM (NP-SBJ *-1) (VP teaming (PRT up)))) , (NP-SBJ-1 (NP GE Capital staffers) and (NP Kidder investment bankers)) (VP have (VP bickered)) .)) (TOP (S-2 Yet (PRN , (SINV (VP says (SBAR 0 (S *T*-2))) (NP-SBJ Mr. Carpenter)) ,) `` (NP-SBJ-1 We) (VP 've (ADVP really) (VP started (S (NP-SBJ *-1) (VP to (VP exploit (NP (NP the synergy) (PP between (NP (NP GE Capital) and (NP Kidder Peabody))))))))) . '')) (TOP (S-1 (NP-SBJ The units) (VP have (VP worked (PP-CLR on (NP 37 investment banking deals)) (NP-TMP this year) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (SBAR-ADV though (S (NP-SBJ (NP not all) (PP of (NP them))) (VP have (VP panned (ADVP-CLR out))))))) .)) (TOP (S (S `` (NP-SBJ We) (VP 've (VP had (NP (NP a good relationship) (PP with (NP GE))) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP the first time) (SBAR (WHADVP-2 0) (S (NP-SBJ you) (VP could (VP say (NP that) (ADVP-TMP *T*-2)))))))))))) -- (S (INTJ uh) , (NP-SBJ *) (VP let (S (NP-SBJ me) (VP withdraw (NP that))))) .)) (TOP (S (S-TPC-1 (NP-SBJ It) (VP 's (VP been (NP-PRD a (ADJP steadily improving) relationship)))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Carpenter) .)) (TOP (S (ADVP Still) , (PP without (NP (NP many actual deals) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP show (NP *T*-1) (PRT off))))))) , (NP-SBJ-2 Kidder) (VP is (VP left (S (NP-SBJ *-2) (VP to (VP stress (SBAR (SBAR that (S (NP-SBJ it) (ADVP-TMP finally) (VP has (S `` (NP-SBJ a team) '' (PP-LOC-PRD in (NP place)))))) , and (SBAR that (S (NP-SBJ everyone) (VP works (ADVP-MNR harder)))))))))) .)) (TOP (S (S (ADVP-TMP (NP A month) ago) , (NP-SBJ the firm) (VP started (VP serving (NP dinner) (PP-TMP at (NP about 7:30)) (NP-TMP each night)))) ; (S (NP-SBJ (NP (QP about 50 to 60)) (PP of (NP the 350 people)) (PP-LOC in (NP the investment banking operation))) (VP have (VP (ADVP-MNR consistently) been (ADVP-LOC-PRD around) (ADVP-TMP that late)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP are (VP working (ADVP-MNR (ADVP significantly longer and harder) (SBAR than (S (NP-SBJ *?*) (VP has (VP been (NP-PRD the case) (PP-TMP in (NP the past)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Scott C. Newquist) , (NP (NP (NP Kidder 's) head) (PP of (NP investment banking)) (PP-TMP since (NP June)))) .)) (TOP (S (ADVP-LOC Everywhere) , (NP-SBJ Kidder) (VP stresses (NP the `` (S-TTL (NP-SBJ *) (ADVP-TMP always) (VP working)) '' theme)) .)) (TOP (S (NP-SBJ (NP A new in-house magazine) , (NP Kidder World) (PRN -- (SBAR (WHNP-1 which) (SINV (S-TPC-2 (NP-SBJ *T*-1) (VP will (VP focus (PP-CLR on (NP (NP the firm 's) synergy strategy))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ Mr. Carpenter))) --)) (VP confides (SBAR that (S (PP-TMP on (NP weekends)) (NP-SBJ-3 Mr. Newquist) `` (ADVP-TMP often) (VP gets (NP value-added ideas) (SBAR-TMP while (S (NP-SBJ *-3) (VP flying (NP his single-engine Cessna Centurion) (PP-TMP on (NP (NP the way) (PP to (NP Nantucket))))))))))) . '')) (TOP (S (NP-SBJ (NP (NP (NP The firm 's) new head) (PP of (NP mergers and acquisitions)) (PP-LOC under (NP Mr. Newquist))) , (NP B.J. Megargel) ,) (VP talks (PP-CLR of (NP the opportunity (S (NP-SBJ *) (VP to (VP `` rebuild (NP a franchise) '' (PP-LOC at (NP Kidder)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The Kidder name) (VP is (NP-PRD (NP one) (PP of (NP (NP only six or seven) (SBAR (WHNP-2 that) (S (NP-SBJ-4 every CEO) (VP recognizes (NP *T*-2) (PP-CLR as (NP a viable alternative)) '' (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ *-4) (VP considering (NP a merger deal) (ADVP-TMP *T*-3)))))))))))) , (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (ADVP-TMP Now) , (PP according (PP to (NP (NP a Kidder World story) (PP about (NP Mr. Megargel))))) , (NP-SBJ (NP all) (SBAR (WHNP-1 0) (S (NP-SBJ-2 the firm) (VP has (S (NP-SBJ *-2) (VP to (VP do (NP *T*-1)))))))) (VP is `` (VP position (NP ourselves) (ADVP-MNR more (PP in (NP the deal flow))))) . '')) (TOP (SBARQ (SBAR-ADV With (S (NP-SBJ investment banking) (PP-PRD as (NP (NP Kidder 's) `` lead business)))) , '' (WHADVP-1 where) (SQ do (NP-SBJ (NP (NP Kidder 's) 42-branch brokerage network) and (NP its 1,400 brokers)) (VP fit (PRT in) (ADVP-LOC *T*-1))) ?)) (TOP (S (NP-SBJ-1 Mr. Carpenter) (NP-TMP this month) (VP sold (PRT off) (NP (NP (NP Kidder 's) eight brokerage offices) (PP-LOC in (NP (NP Florida) and (NP Puerto Rico)))) (PP-CLR to (NP Merrill Lynch & Co.)) , (S-ADV (NP-SBJ *-1) (VP refueling (NP speculation (SBAR that (S (NP-SBJ Kidder) (VP is (VP getting (PP-CLR out (PP of (NP the brokerage business))) (ADVP-MNR entirely))))))))) .)) (TOP (S (NP-SBJ Mr. Carpenter) (VP denies (NP the speculation)) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP answer (NP the brokerage question)))) , (NP-SBJ-1 Kidder) , (PP in (NP typical fashion)) , (VP completed (NP a task-force study)) .)) (TOP (NP (NP The result) : (S (NP-SBJ Kidder) (VP will (VP focus (PP-CLR on (NP (NP (NP rich individual investors) and (NP small companies)) , (ADJP (ADJP much closer) (PP to (NP (NP the clientele) (PP of (NP Goldman , Sachs & Co.)))) (PP than (NP (NP a serve-the-world firm) (PP like (NP (NP Merrill Lynch) or (NP Shearson Lehman Hutton Inc))))))))))) .)) (TOP (S (NP-SBJ Mr. Carpenter) (VP notes (SBAR that (S (NP-SBJ-1 (NP these types) (PP of (NP investors))) (ADVP also) (VP are (ADJP-PRD `` sophisticated '' enough (S (NP-SBJ *-1) not (VP to (VP complain (PP-CLR about (NP (NP (NP Kidder 's) aggressive use) (PP of (NP program trading)))))))))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP the upscale push)))) , (NP-SBJ-1 Kidder) (VP is (VP putting (NP brokers) (PP-CLR through (NP a 20-week training course)) , (S-ADV (NP-SBJ *-1) (VP turning (NP them) (PP-CLR into (NP `` (NP investment counselors) '' (PP with (NP (NP knowledge) (PP of (NP corporate finance)))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ They) (VP will (VP get `` (NP (NP new and improved tools) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP sell (NP *T*-2) , (PP-DTV (ADVP particularly) to (NP the affluent investor)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ brokerage chief Charles V. Sheehan) .)) (TOP (S (ADVP Theoretically) , (NP-SBJ-1 the brokers) (VP will (ADVP-TMP then) (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP funnel (NP `` (NP leads) '' (PP on (NP corporate finance opportunities))) (PP-CLR to (NP (NP Kidder 's) investment bankers)))))) , (S-ADV (NP-SBJ *-1) (ADVP possibly) (VP easing (NP (NP the longstanding tension) (PP between (NP the two camps))))))) .)) (TOP (S (ADVP However) , (NP-SBJ skeptics) (VP caution (SBAR that (S (NP-SBJ (NP this kind) (PP of (NP (NP cross-pollination) (PP between (NP (NP brokers) and (NP investment bankers)))))) (VP (VP looks (ADJP-PRD great) (PP-LOC on (NP paper))) , but (VP does n't (ADVP-TMP always) (VP happen)))))) .)) (TOP (S (NP-SBJ Kidder competitors) (VP are n't (ADJP-PRD outwardly hostile (PP to (NP the firm))) , (SBAR-ADV as (S (NP-SBJ many) (VP are (ADJP-PRD *?*) (PP to (NP (NP a tough competitor) (PP like (NP (NP Drexel Burnham Lambert Inc.) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP does n't (VP have (NP (NP Kidder 's) long history))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ competitors) (VP say (SBAR that (S (NP-SBJ (NP (NP Kidder 's) hiring binge) (VP involving (NP (NP executive-level staffers) , (NP (NP some) (PP with (NP multiple-year contract guarantees))) ,))) (VP could (VP backfire (SBAR-ADV unless (S (NP-SBJ there) (VP are (NP-PRD results))))))))) .)) (TOP (S (NP-SBJ The departing Mr. Cathcart) (VP says (SBAR 0 (S (NP-SBJ he) (VP has (NP (NP no worries) (PP about (NP (NP Kidder 's) future))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Cathcart) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP will (VP return (PP-DIR to (NP (NP the Quaker Oats Co. board) (PP of (NP directors))))))))) , (PP in (NP (NP addition) (PP to (NP his personal ventures)))) , (VP is (VP credited (NP-3 *-1) (PP-CLR with (S-NOM (NP-SBJ *-3) (VP bringing (NP some basic budgeting and planning discipline) (PP-CLR to (NP (ADJP traditionally free-wheeling) Kidder))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP improved (NP (NP (NP the firm 's) compliance procedures) (PP for (NP trading)))) .)) (TOP (S (NP-SBJ-1 Mr. Cathcart) (VP says (SBAR 0 (S (NP-SBJ he) (VP has (VP had `` (NP (NP a lot) (PP of (NP fun))) '' (PP-LOC at (NP Kidder)))))) , (S-ADV (NP-SBJ *-1) (VP adding (SBAR 0 (S (NP-SBJ (NP the crack) (PP about (S-NOM (NP-SBJ his) (VP being (NP-PRD a `` tool-and-die man ''))))) (ADVP-TMP never) (VP bothered (NP him))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ It) (VP was (NP-PRD (NP an (ADJP absolutely marvelous) line) and (NP (NP one) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP used (NP *T*-1) (NP-TMP many times)))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Smiling (ADVP-MNR broadly) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ he) (VP talks (PP-CLR about (NP Mr. Carpenter)) (ADVP-TMP *T*-3)))))) , (NP-SBJ-2 Mr. Cathcart) (VP says (SBAR 0 (S (NP-SBJ-4 the new Kidder chief) (VP is `` (VP going (S (NP-SBJ-1 *-4) (VP to (VP be (VP recognized (NP *-1) (ADVP-TMP shortly) (PP-CLR as (NP (NP one) (PP of (NP (NP the real leaders) (PP-LOC in (NP the investment-banking business))))))))))))))) . '')) (TOP (S-1 (PP-TMP In (NP coming years)) (PRN , (S (NP-SBJ Mr. Cathcart) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 Kidder) (VP is `` (VP gon (S (NP-SBJ *-2) (VP na (VP hum))))) . '')) (TOP (S Or , (SBAR-ADV as (S (NP-SBJ-2 Mr. Carpenter) , (S-ADV (NP-SBJ *-2) (VP (ADVP-TMP again) drawing (PP-CLR on (NP his consulting-firm background)))) , (VP puts (NP it)))) : `` (NP-SBJ-1 We) (VP 're (ADJP-PRD ready (S (NP-SBJ *-1) (VP to (VP implement)))) (PP-TMP at (NP this point))) .)) (TOP (S (PP-LOC UNDER (NP (NP A PROPOSAL (S *ICH*-1)) (PP by (NP Democrats)) (S-1 (NP-SBJ *) (VP to (VP expand (NP Individual Retirement Accounts)))))) , (NP-SBJ (NP a (ADJP $ 2,000 *U*) contribution) (PP by (NP (NP a taxpayer) (PP-LOC in (NP the (ADJP 33 %) bracket))))) (VP would (VP save (NP $ 330 *U*) (PP on (NP his taxes)))) .)) (TOP (S (NP-SBJ-1 The savings) (VP was (VP given (NP *-1) (ADVP-MNR incorrectly) (PP-LOC in (NP (NP Friday 's) edition)))) .)) (TOP (S (PP-LOC In (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP could (VP prove (NP-PRD (NP a major addition) (PP to (NP (NP the Philippines ') foreign-investment portfolio)))))))) , (NP-SBJ a Taiwanese company) (VP signed (NP a (ADJP (QP $ 180 million) *U*) construction contract (S (NP-SBJ *) (VP to (VP build (NP (NP the centerpiece) (PP of (NP a planned petrochemical complex)))))))) .)) (TOP (S (NP-SBJ (NP (NP Taiwan 's) USI Far East Corp.) , (NP a petrochemical company) ,) (VP initialed (NP (NP the agreement (S *ICH*-3)) (PP with (NP an unidentified Japanese contractor)) (S-3 (NP-SBJ *) (VP to (VP build (NP a naphtha cracker))))) , (PP according (PP to (NP (NP Alson Lee) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP heads (NP (NP-2 the Philippine company) (VP set (PRT up) (NP-4 *-2) (S-PRP (NP-SBJ *-4) (VP to (VP build and operate (NP the complex))))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Lee) , (NP (NP president) (PP of (NP Luzon Petrochemical Corp.))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the contract) (VP was (VP signed (NP *-1) (NP-TMP Wednesday) (PP-LOC in (NP Tokyo)) (PP-CLR with (NP USI Far East officials))))))) .)) (TOP (S (NP-SBJ-1 Contract details) , (ADVP however) , (VP have n't (VP been (VP made (S (NP-SBJ *-1) (ADJP-PRD public))))) .)) (TOP (S (NP-SBJ-2 The complex) (VP is (S (NP-SBJ-1 *-2) (VP to (VP be (VP located (NP *-1) (PP-LOC-CLR in (NP (NP Batangas) , (ADVP-LOC (NP (QP about 70) miles) south (PP of (NP Manila)))))))))) .)) (TOP (S (NP-SBJ USI Far East) (VP will (VP hold (NP (NP a (ADJP 60 %) stake) (PP in (NP Luzon Petrochemical))) , (PP according (PP to (NP (NP papers) (VP signed (NP *) (PP-CLR with (NP (NP (NP the Philippine government 's) Board) (PP of (NP Investments)))))))))) .)) (TOP (S (NP-SBJ-1 The proposed petrochemical plant) (VP would (VP use (NP naphtha) (S-CLR (NP-SBJ *-1) (VP to (VP manufacture (NP (NP the petrochemicals propylene and ethylene) and (NP (NP their resin derivatives) , (NP polypropylene and polyethylene)))))))) .)) (TOP (S (NP-SBJ These) (VP are (NP-PRD (NP the raw materials) (VP used (NP *) (PP-CLR in (S-NOM (NP-SBJ *) (VP making (NP plastics))))))) .)) (TOP (S (NP-SBJ The contract signing) (VP represented (NP (NP a major step) (PP-LOC in (NP the long-planned petrochemical project)))) .)) (TOP (S (PP At (NP an estimated (QP $ 360 million) *U*)) , (NP-SBJ the project) (VP would (VP represent (NP (NP the single largest foreign investment) (PP-LOC in (NP the Philippines)) (SBAR-TMP since (S (NP-SBJ President Corazon Aquino) (VP took (NP office) (PP-TMP in (NP February 1986)))))))) .)) (TOP (S (NP-SBJ-1 It) (ADVP also) (VP is (VP considered (S (NP-SBJ *-1) (ADJP-PRD critical (PP to (NP (NP the country 's) efforts (S (NP-SBJ *) (VP to (VP both (VP attract (NP other investment) (PP-CLR from (NP Taiwan))) and (VP raise (NP heavy industry capabilities))))))))))) .)) (TOP (S (NP-SBJ The project) (VP has (VP been (PP-LOC-PRD in and out (PP of (NP the pipeline))) (PP-TMP for (NP (NP more) (PP than (NP a decade)))))) .)) (TOP (S (ADVP However) , (NP-SBJ workers) (VP ca n't (VP break (NP ground) (SBAR-TMP until (S (NP-SBJ-2 (NP legal maneuvers (S (NP-SBJ *) (VP to (VP block (NP the complex))))) (NP *ICH*-1)) (VP are (VP resolved (NP *-2) , (NP-1 (NP moves) (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP caused (S (NP-SBJ the signing) (VP to (VP remain (ADJP-PRD questionable) (PP-TMP up (PP to (NP the last moment)))))))))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 *) (ADVP-TMP previously) (VP reported (NP *-1)))) , (NP-SBJ-2 (NP a member) (PP of (NP (NP (NP the Philippines ') House) (PP of (NP Representatives))))) (VP has (VP sued (S-CLR (NP-SBJ *-2) (VP to (VP stop (NP the plant)))))) .)) (TOP (S (NP-SBJ (NP The legislator) , (NP Enrique Garcia) ,) (VP had (VP (VP (ADVP-MNR actively) backed (NP the plant) (PP-LOC-1 *NOT*)) , but (VP (PP-LOC=1 at (NP (NP the original site) (PP-LOC in (NP (NP his constituency) (ADVP-LOC northwest (PP of (NP Manila)))))))))) .)) (TOP (S (S (NP-SBJ (NP The country 's) Supreme Court) (VP dismissed (NP the suit))) , but (S (NP-SBJ Mr. Garcia) (NP-TMP late last month) (VP filed (PP-CLR for (NP a reconsideration)))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-2 President Aquino) (VP has (ADVP-TMP yet) (S (NP-SBJ *-2) (VP to (VP sign (PP-CLR into (NP law)) (NP (NP a bill) (VP removing (NP (NP a stiff (ADJP 48 %) tax) (PP on (NP (NP naphtha) , (NP (NP the principal raw material) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP used (NP *-1) (PP-LOC in (NP the cracker))))))))))))))))) .)) (TOP (S (ADVP However) , (PP-LOC at (NP a news conference)) (NP-TMP Thursday) , (NP-SBJ Mrs. Aquino) (VP (VP backed (NP the project)) and (VP said (SBAR 0 (S (NP-SBJ-1 her government) (VP was (VP attempting (S (NP-SBJ *-1) (VP to (VP soothe (NP (NP the feelings) (PP of (NP (NP residents) (PP-LOC at (NP (NP the original site) , (ADJP-LOC adjacent (PP to (NP (NP (NP the government 's) major petroleum refinery) (PP-LOC in (NP Bataan province))))))))))))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ-3 We) (VP have (VP tried (NP-CLR our best) (S-CLR (NP-SBJ *-3) (VP to (VP tell (NP (NP the people) (PP-LOC in (NP Bataan))) (SBAR that (S (ADVP maybe) (NP-TMP this time) (NP-SBJ it) (VP will not (VP go (PP-DIR to (NP them)))))))))))) , but (S (ADVP certainly) (NP-SBJ-2 we) (VP will (VP do (NP-CLR our best) (S-CLR (NP-SBJ *-2) (VP to (VP encourage (S (NP-SBJ other investors) (VP to (VP go (PP-DIR to (NP their province)))))))))))) , '' (NP-SBJ Mrs. Aquino) (VP told (NP Manila-based foreign correspondents) (S *T*-1)) .)) (TOP (S (NP-SBJ-1 The project) (VP appeared (S (NP-SBJ *-1) (VP to (VP be (PP-LOC-PRD on (NP the rocks))))) (NP-TMP (NP earlier this month) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP (NP the other major partner) (PP-LOC in (NP the project))) , (NP China General Plastics Corp.) ,) (VP backed (ADVP-CLR out) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ-1 (NP China General Plastics) , (NP another Taiwanese petrochemical manufacturer) ,) (VP was (S (NP-SBJ *-1) (VP to (VP have (NP (NP a (ADJP 40 %) stake) (PP in (NP Luzon Petrochemical))))))) .)) (TOP (S (ADVP However) , (NP-SBJ Mr. Lee) (VP said (SBAR that (S (NP-SBJ USI Far East) (VP is (ADJP-PRD confident (SBAR 0 (S (NP-SBJ other investors) (VP will (VP take (PRT up) (NP the slack)))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ USI Far East) (VP has (VP applied (PP-CLR to (NP both (NP the Asian Development Bank) and (NP (NP the World Bank 's) International Finance Corp.))) (PP-CLR for (NP (NP financing) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP include (NP equity stakes)))))))))))) .)) (TOP (S (S (NP-SBJ-2 Three new issues) (VP begin (S (NP-SBJ *-2) (VP trading (PP-LOC on (NP the New York Stock Exchange)))) (NP-TMP today))) , and (S (NP-SBJ-1 one) (VP began (S (NP-SBJ *-1) (VP trading (PP-LOC on (NP the Nasdaq/National Market System)))) (NP-TMP last week))) .)) (TOP (S (PP-LOC On (NP the Big Board)) , (NP-SBJ-1 (NP Crawford & Co.) , (NP-LOC Atlanta) , (PRN -LRB- (NP CFD) -RRB-)) (VP begins (S (NP-SBJ *-1) (VP trading)) (NP-TMP today)) .)) (TOP (S (NP-SBJ-1 Crawford) (VP (VP evaluates (NP health care plans)) , (VP manages (NP (NP (UCP medical and disability) aspects) (PP of (NP (NP worker 's) compensation injuries)))) and (VP is (VP involved (NP *-1) (PP-CLR in (NP (NP claims adjustments) (PP for (NP insurance companies))))))) .)) (TOP (SINV (ADVP Also) (VP-TPC-2 beginning (S (NP-SBJ *-3) (VP trading (PP-LOC *ICH*-1))) (NP-TMP today) (PP-LOC-1 on (NP the Big Board))) (VP are (VP *T*-2)) (NP-SBJ-3 (NP (NP El Paso Refinery Limited Partnership) , (NP-LOC (NP El Paso) , (NP Texas)) , (PRN -LRB- (NP ELP) -RRB-)) and (NP (NP Franklin Multi-Income Trust) , (NP-LOC (NP San Mateo) , (NP Calif.)) , (PRN -LRB- (NP FMI) -RRB-))) .)) (TOP (S (NP-SBJ El Paso) (VP owns and operates (NP a petroleum refinery)) .)) (TOP (S (NP-SBJ Franklin) (VP is (NP-PRD a closed-end management investment company)) .)) (TOP (S (PP-LOC On (NP the Nasdaq over-the-counter system)) , (NP-SBJ-1 (NP Allied Capital Corp.) , (NP-LOC (NP Washington) , (NP D.C.)) , (PRN -LRB- (NP ALII) -RRB-)) (VP began (S (NP-SBJ *-1) (VP trading)) (NP-TMP last Thursday)) .)) (TOP (S (NP-SBJ Allied Capital) (VP is (NP-PRD (NP a closed-end management investment company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP operate (PP-CLR as (NP a business development concern)))))))) .)) (TOP (S (NP-SBJ THE YALE POLITICAL UNION) (VP does n't (VP pay (NP an honorarium) (PP-DTV to (NP speakers)))) .)) (TOP (S (PP-LOC In (NP (NP Thursday 's) edition)) , (NP-SBJ it) (VP was (VP (ADVP-MNR incorrectly) indicated (SBAR that (S (NP-SBJ the union) (VP had (VP paid (NP a fee) (PP-DTV to (NP former House Speaker Jim Wright)))))))) .)) (TOP (S (NP-SBJ President Bush) (VP insists (SBAR 0 (S (NP-SBJ it) (VP would (VP be (NP-PRD (NP a great tool) (PP for (S-NOM (NP-SBJ *) (VP (VP curbing (NP the budget deficit)) and (VP slicing (NP the lard) (ADVP-CLR out (PP of (NP government programs))))))))))))) .)) (TOP (S (NP-SBJ He) (VP wants (NP it) (ADVP-TMP now)) .)) (TOP (SINV (FRAG-TPC-1 (ADVP-TMP Not so fast)) , (VP says (FRAG *T*-1)) (NP-SBJ (NP Rep. Mickey Edwards) (PP of (NP Oklahoma)) , (NP a fellow Republican)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP consider (S (NP-SBJ it) (NP-PRD (NP one) (PP of (NP (NP the stupidest ideas) (PP of (NP the 20th century)))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP the line-item veto) , (NP (NP a procedure) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP allow (S (NP-SBJ-2 the president) (VP to (VP kill (NP (NP individual items) (PP-LOC in (NP (NP a big spending bill) (VP passed (NP *) (PP by (NP-LGS Congress)))))) (PP without (S-NOM (NP-SBJ *-2) (VP vetoing (NP the entire bill)))))))))))))) .)) (TOP (S (SBAR-ADV (WHNP-1 Whatever) (S (NP-SBJ one) (VP thinks (NP *T*-1) (PP-CLR of (NP the idea))))) , (NP-SBJ it) (VP 's (NP-PRD (NP far more) (PP than (NP (NP the budgetary gimmick) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP may (VP seem (NP-PRD *T*-2) (PP-TMP at (NP first glance)))))))))) .)) (TOP (S (ADVP Rather) , (NP-SBJ it) (VP 's (NP-PRD (NP a device) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP (VP send (NP shock waves) (PP-CLR through (NP (NP (NP the president 's) entire relationship) (PP with (NP (NP Democrats and Republicans) (ADVP alike) (PP-LOC in (NP Congress))))))) , (VP (ADVP-MNR fundamentally) enhance (NP (NP the power) (PP of (NP the presidency)))) and (VP transform (NP (NP the way) (SBAR (WHADVP-3 0) (S (NP-SBJ the government) (VP does (NP its business) (ADVP-MNR *T*-3)))))))))))) .)) (TOP (S (NP-SBJ President Bush) (VP (VP (ADVP-MNR badly) wants (NP a line-item veto)) and (VP has (ADVP-TMP long) (VP called (PP-CLR for (NP (NP a law) (VP giving (NP it) (PP-DTV to (NP the president)))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ the White House) (VP is (VP declaring (SBAR that (S (NP-SBJ he) (VP might not (VP rely (PP-CLR on (NP-3 (NP Congress) (PRN -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has n't (VP shown (NP any willingness (S (NP-SBJ *) (VP to (VP surrender (NP such authority))))))))) --))) (S-CLR (NP-SBJ *-3) (VP to (VP pass (NP (NP the line-item veto law) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP seeks (NP *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ White House spokesmen) (NP-TMP last week) (VP said (SBAR 0 (S (NP-SBJ-2 Mr. Bush) (VP is (VP considering (S (NP-SBJ *-2) (VP (VP (ADVP simply) declaring (SBAR that (S (NP-SBJ the Constitution) (VP gives (NP him) (NP the power))))) , (VP exercising (NP a line-item veto)) and (VP inviting (NP (NP a court challenge) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP decide (SBAR whether (S (NP-SBJ he) (VP has (NP the right)))) (ADVP *T*-1)))))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ that) (VP may (VP sound (PP-CLR like (NP (NP an arcane maneuver) (PP of (NP little interest)) (ADVP-LOC outside (NP Washington)))))))) , (NP-SBJ it) (VP would (VP set (PRT off) (NP a political earthquake))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ The ramifications) (VP are (ADJP-PRD enormous))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Rep. Don Edwards) , (NP (NP a California Democrat) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP a senior member) (PP of (NP the House Judiciary Committee)))))))) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD (NP a real face-to-face arm wrestling challenge) (PP to (NP Congress)))) . '')) (TOP (S (S (NP-SBJ White House aides) (VP know (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD (NP a step) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP ca n't (VP be (VP taken (NP *-1) (ADVP-MNR lightly)))))))))))) -- and (S (PP-PRP for (NP that reason)) , (NP-SBJ-3 the president) (VP may (VP back (PRT down) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP launching (NP a test case) (NP-TMP this year))))))) .)) (TOP (S (NP-SBJ Some senior advisers) (VP argue (SBAR that (S (PP with (S-NOM (NP-SBJ (NP further fights) (PP over (NP (NP a capital-gains tax cut) and (NP a budget-reduction bill)))) (VP looming))) , (NP-SBJ Mr. Bush) (ADVP-TMP already) (VP has (NP (NP enough pending confrontations) (PP with (NP Congress))))))) .)) (TOP (S (NP-SBJ-1 They) (VP prefer (S (NP-SBJ *-1) (VP to (VP put (PRT off) (NP the line-item veto) (PP-TMP until (NP (ADVP at least) next year)))))) .)) (TOP (S (ADVP Still) , (NP-SBJ-1 (NP Mr. Bush) and (NP some other aides)) (VP are (VP (ADVP-MNR strongly) drawn (NP-2 *-1) (PP-DIR to (NP (NP the idea) (PP of (S-NOM (NP-SBJ *-2) (VP trying (PRT out) (NP a line-item veto)))))))) .)) (TOP (S (NP-SBJ The issue) (VP arose (NP-TMP last week) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Vice President Dan Quayle) (VP told (NP (NP an audience) (PP-LOC in (NP Chicago))) (SBAR that (S (NP-SBJ Mr. Bush) (VP was (VP looking (PP-CLR for (NP a test case)))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ White House Press Secretary Marlin Fitzwater) (VP (VP confirmed (SBAR that (S (NP-SBJ Mr. Bush) (VP was (ADJP-PRD interested (PP in (NP the idea))))))) , but (VP cautioned (SBAR that (S (NP-SBJ there) (VP was n't (NP-PRD a firm decision (S (NP-SBJ *) (VP to (VP try (NP it)))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Bush) , (NP former President Reagan) and (NP (NP a host) (PP of (NP conservative activists)))) (VP have (VP been (VP arguing (SBAR that (S (NP-SBJ a line-item veto) (VP would (VP go (NP a long way) (PP in (S-NOM (NP-SBJ *) (VP restoring (NP discipline) (PP-CLR to (NP the budget process)))))))))))) .)) (TOP (S (NP-SBJ They) (VP maintain (SBAR that (S (NP-SBJ a president) (VP needs (NP the ability (S (NP-SBJ *) (VP to (VP (ADVP-MNR surgically) remove (NP (NP pork-barrel spending projects) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP are (VP attached (NP *-1) (PP-CLR to (NP big omnibus spending bills))))))))))))))) .)) (TOP (S (NP-SBJ-1 Those bills) (VP ca n't (VP (ADVP-MNR easily) be (VP vetoed (NP *-1) (PP-CLR in (NP their entirety)) (SBAR-PRP because (S (NP-SBJ-2 they) (ADVP-TMP often) (VP are (VP needed (S-CLR (NP-SBJ *-2) (VP to (VP keep (S (NP-SBJ the government) (VP operating)))))))))))) .)) (TOP (S (NP-SBJ Conservatives) (VP note (SBAR that (S (NP-SBJ 43 governors) (VP have (NP (NP the line-item veto) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP use (NP *T*-1) (PP-CLR on (NP state budgets))))))))))) .)) (TOP (S (ADVP More provocatively) , (NP-SBJ-1 some conservative legal theorists) (VP have (VP begun (S (NP-SBJ *-1) (VP arguing (SBAR that (S (NP-SBJ-2 Mr. Bush) (VP does n't (VP need (S (NP-SBJ *-2) (VP to (VP wait (PP-CLR for (NP (NP a law) (VP giving (NP him) (NP the veto))))))) (SBAR-PRP because (S (NP-SBJ the power) (ADVP-TMP already) (VP is (ADJP-PRD implicit (PP-LOC in (NP the Constitution)))))))))))))) .)) (TOP (S (NP-SBJ They) (VP base (NP their argument) (PP-CLR on (NP (NP a clause) (VP buried (NP *) (PP-LOC-CLR in (NP (NP Article I , Section 7) , (PP of (NP the Constitution))))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP states : `` (S (NP-SBJ-3 (NP Every order , resolution , or vote) (SBAR (WHPP-2 to (WHNP which)) (S (NP-SBJ (NP the concurrence) (PP of (NP the (NX (NX Senate) and (NX (NX House) (PP of (NP Representatives))))))) (VP may (VP be (ADJP-PRD necessary (PP *T*-2)) (PRN -LRB- (PP except (PP on (NP (NP a question) (PP of (NP adjournment))))) -RRB-)))))) (VP (VP shall (VP be (VP presented (NP *-3) (PP-CLR to (NP (NP the President) (PP of (NP the United States))))))) ; and (VP (SBAR-TMP before (S (NP-SBJ the same) (VP shall (VP take (NP effect))))) , shall (VP be (VP (VP approved (NP *-3) (PP by (NP-LGS him))) or ... (VP disapproved (NP *-3) (PP by (NP-LGS him)))))))))))))) ... . '')) (TOP (S-1 (NP-SBJ-2 This clause) (PRN , (S (NP-SBJ they) (VP argue (SBAR 0 (S *T*-1)))) ,) (VP (VP is (VP designed (NP-3 *-2) (S-CLR (NP-SBJ *-3) (VP to (VP go (PP-DIR beyond (NP (NP an earlier clause) (VP specifying (SBAR that (S (NP-SBJ the president) (VP can (VP veto (NP a `` bill))))))))))))) , '' and (VP is (ADJP-PRD broad enough (S (NP-SBJ *) (VP to (VP allow (S (NP-SBJ him) (VP to (VP strike (PRT out) (NP (NP items and riders) (PP-LOC within (NP bills)))))))))))) .)) (TOP (S (NP-SBJ (NP Senate Minority Leader Robert Dole) (PRN -LRB- (NP R.) , (NP-LOC Kan.) -RRB-)) , (PP for (NP one)) , (VP (VP accepts (NP this argument)) and (VP (NP-TMP earlier this year) (ADVP-MNR publicly) urged (NP-1 Mr. Bush) `` (S (NP-SBJ *-1) (VP to (VP (VP use (NP the line-item veto)) and (VP allow (S (NP-SBJ the courts) (VP to (VP decide (SBAR whether or not (S (NP-SBJ it) (VP is (ADJP-PRD constitutional))))))))))))) . '')) (TOP (S (NP-SBJ There) (VP 's (NP-PRD little doubt (SBAR (SBAR that (S (NP-SBJ-1 such a move) (VP would (VP be (ADVP-TMP immediately) (VP challenged (NP *-1) (PP-LOC in (NP court))))))) -- and (SBAR that (S (NP-SBJ-2 it) (VP would (ADVP-TMP quickly) (VP make (NP-CLR its way) (PP-CLR to (NP the Supreme Court)) (S-CLR (NP-SBJ-3 *-2) (VP to (VP be (ADVP-TMP ultimately) (VP resolved (NP *-3)))))))))))) .)) (TOP (SINV `` (S-TPC-3 (S (NP-SBJ It) (VP 's (NP-PRD a major issue))) , and (S (NP-SBJ-2 they) (VP would n't (VP want (S (NP-SBJ *-2) (VP to (VP leave (NP it) (PP-CLR at (NP a lower level))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Stephen Glazier) , (NP (NP a New York attorney) (SBAR (WHNP-1 whose writings) (S (NP-SBJ *T*-1) (VP have (VP been (ADJP-PRD instrumental (PP in (S-NOM (NP-SBJ *) (VP pushing (NP the idea (SBAR that (S (NP-SBJ a president) (ADVP-TMP already) (VP has (NP a line-item veto))))))))))))))) .)) (TOP (S (NP-SBJ (NP Rep. Edwards) , (NP the California Democrat) ,) (VP is (NP-PRD (NP one) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP pledges (SBAR that (S (NP-SBJ-2 he) (VP would (ADVP-TMP immediately) (VP challenge (NP Mr. Bush) (PP-LOC in (NP the courts)) , (S-ADV (NP-SBJ *-2) (VP arguing (SBAR 0 (S (NP-SBJ a line-item veto) (VP would (VP expand (NP (NP a president 's) powers) (PP-CLR (ADVP far) beyond (NP (NP anything) (SBAR (WHNP-3 0) (S (NP-SBJ (NP the framers) (PP of (NP the Constitution))) (VP had (NP *T*-3) (PP-CLR in (NP mind)))))))))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP puts (NP this president) (PP-PUT in (NP the legislative business)))) , '' (NP-SBJ he) (VP declares (S *T*-1)) .)) (TOP (S `` (NP-SBJ That) (VP 's not (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ our fathers) (VP had (NP *T*-1) (PP-CLR in (NP mind)))))) . '')) (TOP (S-2 (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ *-3) (VP giving (NP a president) (NP powers (S (NP-SBJ *) (VP to (VP rewrite (NP (NP spending bills) (VP meant (S (NP-SBJ-1 *) (VP to (VP be (VP written (NP *-1) (PP-LOC in (NP Congress))))))))))))))))) (PRN , (S (NP-SBJ Rep. Edwards) (VP argues (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-3 a line-item veto) (VP would (VP allow (S (NP-SBJ the chief executive) (VP to (VP blackmail (NP lawmakers)))))) .)) (TOP (S (NP-SBJ He) (VP notes (SBAR that , (S (PP as (NP (NP a lawmaker) (PP from (NP the San Francisco area)))) , (NP-SBJ-1 he) (VP fights (NP-TMP each year) (S (NP-SBJ *-1) (VP to (VP preserve (NP (NP federal funds) (PP for (NP the Bay Area Rapid Transit system)))))))))) .)) (TOP (S-2 (SBAR-ADV If (S (NP-SBJ-1 a president) (VP (VP had (NP a line-item veto)) and (VP wanted (S (NP-SBJ *-1) (VP to (VP force (S (NP-SBJ him) (VP to (VP support (NP a controversial foreign-policy initiative))))))))))) (PRN , (S (NP-SBJ Rep. Edwards) (VP says (SBAR 0 (S *T*-2)))) ,) (NP-SBJ the president) (VP could (VP (VP call) and (VP declare (SBAR that (S (NP-SBJ he) (VP would (VP (ADVP-MNR single-handedly) kill (NP the BART funds) (SBAR-ADV unless (S (NP-SBJ the congressman) (VP `` shapes (PRT up) '' (PP on (NP the foreign-policy issue)))))))))))) .)) (TOP (S (NP-SBJ Proponents) (VP maintain (SBAR that (S (NP-SBJ-1 a president) (VP would (VP choose (S (NP-SBJ *-1) (VP to (VP use (NP a line-item veto) (ADVP-MNR (ADVP more judiciously) (PP than (NP that))))))))))) .)) (TOP (S But (NP-SBJ there) (VP may (VP be (NP-PRD (NP (NP another problem) (PP with (NP the device))) : (S (PP Despite (NP (NP all the political angst) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP would (VP cause (NP *T*-1))))))) , (NP-SBJ it) (VP might n't (VP be (ADJP-PRD effective (PP in (S-NOM (NP-SBJ *) (VP cutting (NP the deficit))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Big chunks) (PP of (NP the government budget)) , (PP like (NP (NP the entitlement programs) (PP of (NP (NP Social Security) and (NP Medicare))))) ,) (VP would n't (VP be (VP affected (NP *-1)))) .)) (TOP (S (NP-SBJ Governors) (VP have (VP found (SBAR that (S (NP-SBJ-1 they) (VP have (S (NP-SBJ *-1) (VP to (VP use (NP the device) (ADVP-MNR sparingly)))) (S-PRP (NP-SBJ *-1) (VP to (VP maintain (NP political comity))))))))) .)) (TOP (S And (NP-SBJ (NP it) (SBAR *EXP*-4)) (VP is n't (ADVP even) (ADJP-PRD clear) (SBAR-4 that (S (NP-SBJ-1 some pork-barrel projects) (VP can (VP be (VP hit (NP *-1) (PP-CLR with (NP a line-item veto))))))) (SBAR-PRP because (S (NP-SBJ-3 they) (VP tend (S (NP-SBJ-2 *-3) (VP to (VP be (VP listed (NP *-2) (PP-LOC-CLR (PP in (NP (NP informal conference reports) (VP accompanying (NP spending bills)))) rather than (PP in (NP (NP the official bills) (NP themselves)))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ proponents) (VP contend (SBAR that (S (NP-SBJ the veto) (VP would (VP have (SBAR-NOM (WHNP-1 what) (S (NP-SBJ Mr. Glazier) (VP calls (S (NP-SBJ *T*-1) (NP-PRD (NP an important `` chilling effect '') (PP on (NP (NP all manner) (PP of (NP appropriations bills)))))))))))))) .)) (TOP (S-1 (NP-SBJ-3 Lawmakers) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-1)))) ,) (VP would (VP avoid (S (NP-SBJ *-3) (VP putting (NP many spending projects) (PP-CLR into (NP legislation)) (PP in (NP the first place)))) (PP-PRP for (NP (NP fear) (PP of (NP (NP the embarrassment) (PP of (S-NOM (NP-SBJ *) (VP having (S (NP-SBJ-2 them) (VP singled (NP *-2) (PRT out) (PP-CLR for (NP a line-item veto)) (ADVP-TMP later)))))))))))) .)) (TOP (SINV (S-TPC-3 (SBAR-ADV (WHNP-4 Whatever) (S (NP-SBJ (NP the outcome) (PP of (NP a test case))) (NP-PRD *T*-4))) , (NP-SBJ-2 President Bush) (VP would (VP have (S (NP-SBJ *-2) (VP to (VP move (ADVP-MNR cautiously)))) (SBAR-PRP becase (S (NP-SBJ the very attempt) (VP would (VP `` antagonize (NP (NP not just Democrats) but (NP Republicans))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Louis Fisher) , (NP (NP a scholar) (PP-LOC at (NP the Congressional Research Service)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP specializes (PP-CLR in (NP executive-legislative relations))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ Republicans) (VP have (NP (NP as much interest) (PP as (NP Democrats)) (PP in `` (NP (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ the system) (VP works (ADVP-MNR *T*-1))))))))) , '' (NP-SBJ he) (VP notes (SBAR 0 (S *T*-2))) .)) (TOP (S (ADVP Indeed) , (SBAR-ADV although (S (NP-SBJ (NP a majority) (PP of (NP Republican lawmakers))) (VP favor (NP a line-item veto)))) , (NP-SBJ-1 some) , (S-ADV (NP-SBJ *-1) (VP ranging (PP-DIR (PP from (NP liberal Oregon Sen. Mark Hatfield)) (PP to (NP conservative Rep. Edwards))))) (VP are (ADJP-PRD opposed)) .)) (TOP (S (NP-SBJ Rep. Edwards) (VP voices (NP the traditional conservative view (SBAR that (S (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (NP-PRD a mistake) (S-1 (NP-SBJ *) (VP to (VP put (NP too much (NP power)) (PP-PUT in (NP (NP the hands) (PP of (NP a single person)))))))))))) .)) (TOP (S (S-2 (NP-SBJ (NP Conservatives) (VP pushing (PP-CLR for (NP a line-item veto)) (ADVP-TMP now))) (PRN , (S (NP-SBJ he) (VP notes (SBAR 0 (S *T*-2)))) ,) (VP may (VP regret (NP it) (ADVP-TMP later)))) : (S `` (ADVP-TMP Sometime) , (NP-SBJ-3 you) (VP 're (VP going (S (NP-SBJ *-3) (VP to (VP have (NP (NP a Democratic president) (SBAR *ICH*-1)) (ADVP-TMP again) '' (SBAR-1 (WHNP-4 who) (S (NP-SBJ *T*-4) (VP 'll (VP use (NP his expanded powers) (PP-CLR against (NP those (ADJP very same) conservatives)))))))))))) .)) (TOP (S `` (NP-SBJ-2 (NP Every order , resolution , or vote) (SBAR (WHPP-1 to (WHNP which)) (S (NP-SBJ (NP the concurrence) (PP of (NP the (NX (NX Senate) and (NX (NX House) (PP of (NP Representatives))))))) (VP may (VP be (ADJP-PRD necessary (PP *T*-1)) (PRN -LRB- (PP except (PP on (NP (NP a question) (PP of (NP adjournment))))) -RRB-)))))) (VP (VP shall (VP be (VP presented (NP *-2) (PP-CLR to (NP (NP the President) (PP of (NP the United States))))))) ; and (VP (SBAR-TMP before (S (NP-SBJ the same) (VP shall (VP take (NP effect))))) , shall (VP be (VP approved (NP *-2) (PP by (NP-LGS him))))) , or (VP (S-ADV (NP-SBJ-3 *-2) (VP being (VP disapproved (NP *-3) (PP by (NP-LGS him))))) , shall (VP be (VP repassed (NP *-2) (PP by (NP-LGS (NP two-thirds) (PP of (NP the (NX (NX Senate) and (NX (NX House) (PP of (NP Representatives))))))))))) , (PP according (PP to (NP (NP the rules and limitations) (VP prescribed (NP *) (PP-TMP in (NP (NP the case) (PP of (NP a bill))))))))) . '')) (TOP (S (NP-SBJ This) (VP has n't (VP been (NP-PRD (NP Kellogg Co. 's) year))) .)) (TOP (S (NP-SBJ The oat-bran craze) (VP has (VP cost (NP (NP the world 's) largest cereal maker) (NP market share))) .)) (TOP (S (NP-SBJ (NP The company 's) president) (VP quit (ADVP-MNR suddenly)) .)) (TOP (S And (ADVP-TMP now) (NP-SBJ Kellogg) (VP is (VP (ADVP-MNR indefinitely) suspending (NP (NP work) (PP on (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 *T*-1) (VP was (S (NP-SBJ *-2) (VP to (VP be (NP-PRD a (ADJP (QP $ 1 billion) *U*) cereal plant))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (VP delaying (NP construction) (PP-PRP because of (NP current market conditions))))))) .)) (TOP (S But (S (NP-SBJ-1 the (NAC-LOC Memphis , Tenn. ,) facility) (VP was n't (S (NP-SBJ-2 *-1) (VP to (VP begin (S (NP-SBJ *-2) (VP turning (PRT out) (NP product))) (PP-TMP until (NP 1993))))))) , so (S (NP-SBJ the decision) (VP may (VP reveal (NP a (ADJP more pessimistic) long-term outlook) (ADVP as well)))) .)) (TOP (S (NP-SBJ (NP Kellogg) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has n't (VP been (ADJP-PRD (ADJP as successful) (PP in (S-NOM (NP-SBJ *) (VP capitalizing (PP-CLR on (NP (NP (NP the public 's) health-oriented desire) (PP for (NP oat bran))))))) (PP as (NP rival General Mills Inc.))))))) ,) (VP has (VP been (VP losing (NP share) (PP-LOC in (NP the (ADJP (QP $ 6 billion) *U*) ready-to-eat cereal market))))) .)) (TOP (S (NP-SBJ-1 (NP Kellogg 's) current share) (VP is (VP believed (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (QP slightly under 40) %)))) (SBAR-ADV while (S (NP-SBJ (NP General Mills ') share) (VP is (NP-PRD (QP about 27) %)))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Led (NP *-1) (PP-LGS by (NP its oat-based Cheerios line)))) , (NP-SBJ-2 General Mills) (VP has (VP gained (NP an estimated (ADJP 2 %) share) (NP-TMP (ADVP so far) this year) , (PP (ADVP mostly) at (NP (NP the expense) (PP of (NP Kellogg)))))) .)) (TOP (S (NP-SBJ Each share point) (VP is (ADJP-PRD worth (NP (NP (QP about $ 60 million) *U*) (PP in (NP sales))))) .)) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ (NP much) (PP of (NP (NP Kellogg 's) erosion))) (VP has (VP been (PP-PRD in (NP (NP such core brands) (PP as (NP (NP Corn Flakes) , (NP Rice Krispies) and (NP Frosted Flakes))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP represent (NP (NP (QP nearly one-third)) (PP of (NP its sales volume))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Kellogg) (VP is (ADJP-PRD (ADJP so anxious (S (NP-SBJ *-1) (VP to (VP turn (PRT around) (NP Corn Flakes sales))))) (SBAR that (S (NP-SBJ-3 it) (ADVP-TMP soon) (VP will (VP begin (S (NP-SBJ *-3) (VP selling (NP boxes) (PP-CLR for (NP (QP as little as 99) cents))))))))))) , (NP-SBJ trade sources) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP Cheerios) and (NP Honey Nut Cheerios)) (VP have (VP eaten (PRT away) (NP (NP sales) (VP (ADVP normally) going (PP-DIR to (NP (NP Kellogg 's) corn-based lines)))) (SBAR-PRP (ADVP simply) because (S (NP-SBJ-1 they) (VP are (VP made (NP *-1) (PP-CLR of (NP oats))))))))) , '' (VP says (S *T*-2)) (NP-SBJ Merrill Lynch food analyst William Maguire) .)) (TOP (S `` (NP-SBJ They) (VP are not (NP-PRD (NP a happy group) (PP of (NP people))) (PP-LOC at (NP Battle Creek)) (ADVP-TMP right now)) . '')) (TOP (S (NP-SBJ-1 Kellogg) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP (NP Battle Creek) , (NP Mich.) ,) (NP (NP a city) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP calls (S (NP-SBJ itself) (NP-PRD (NP the breakfast capital) (PP of (NP the world)))))))))))) .)) (TOP (S (NP-SBJ (NP Another analyst) , (NP (NP John C. Maxwell Jr.) (PP of (NP (NP Wheat , First Securities) (PP-LOC in (NP (NP Richmond) , (NP Va.)))))) ,) (ADVP-TMP recently) (VP went (PP-DIR to (NP (NP a `` sell '' recommendation) (PP-LOC on (NP (NP Kellogg stock) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP closed (NP-TMP Friday) (PP-CLR at (NP $ 71.75 *U*)) , (ADVP-CLR down (NP 75 cents)) , (PP-LOC in (NP New York Stock Exchange composite trading)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ Kellogg) (VP can (VP get (ADVP-CLR back (PP to (NP 40 %))) (NP-TMP this year)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ (NP Kellogg 's) main problem) (VP is (NP-PRD life style)) .)) (TOP (S (NP-SBJ People) (VP are (VP (VP reading (NP the boxes)) and (VP deciding (SBAR 0 (S (NP-SBJ they) (VP want (NP (NP something) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD ` healthy ' (PP for (NP you)))))) -- (NP oats , bran)))))))) . '')) (TOP (S (NP-SBJ Mr. Maxwell) (VP said (SBAR 0 (S (NP-SBJ he) (VP would n't (VP be (ADJP-PRD surprised) (SBAR-ADV if , (S (PP-TMP over (NP the next two years (QP or so))) , (NP-SBJ (NP General Mills ') share) (VP increased (PP-DIR to (NP 30 % (QP or more))))))))))) .)) (TOP (S (PP In (S-NOM (NP-SBJ *-1) (VP announcing (NP the plant delay)))) , (NP-SBJ-1 Kellogg Chairman William E. LaMothe) (VP said , `` (S (NP-SBJ (NP Cereal volume growth) (PP-LOC in (NP the U.S.))) (VP has not (VP met (NP (NP our expectations) (PP for (NP 1989))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ construction) (VP would n't (VP resume (SBAR-TMP until (S (NP-SBJ market conditions) (VP warrant (NP it))))))))) .)) (TOP (S (NP-SBJ Kellogg) (VP indicated (SBAR that (S (NP-SBJ-2 it) (VP has (NP (NP room) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP grow (ADVP-LOC *T*-1)))))) (PP without (S-NOM (NP-SBJ *-2) (VP adding (NP facilities)))))))) .)) (TOP (S (NP-SBJ The company) (VP has (NP (NP five other U.S. plants) , (PP including (NP (NP a modern facility) (PP-LOC at (NP its Battle Creek headquarters)) (VP known (NP *) (PP-CLR as (NP (NP Building 100) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (S (NP-SBJ *-2) (VP to (VP add (NP bran-processing and rice-processing capacity) (NP-TMP next year)))))))))))))) .)) (TOP (S (NP-SBJ General Mills) , (ADVP-TMP meanwhile) , (VP finds (S (NP-SBJ-1 itself) (VP constrained (NP-2 *-1) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP boosting (NP sales) (ADVP-MNR further)))) (SBAR-PRP because (S (NP-SBJ its plants) (VP are (VP operating (PP-MNR at (NP capacity))))))))) .)) (TOP (S (NP-SBJ-1 (NP A large plant) (PP-LOC in (NP (NP Covington) , (NP Ga.) ,))) (VP is (S (NP-SBJ *-1) (VP to (VP come (PP-CLR on (NP line)) (NP-TMP next year))))) .)) (TOP (S (NP-SBJ (NP A Kellogg officer) , (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP asked (S not (NP-SBJ-1 *-3) (VP to (VP be (VP named (NP *-1)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ-4 the Memphis project) (VP was `` (VP pulled (NP *-4) (PRT in) (PP-PRP for (NP (NP a reconsideration) (PP of (NP costs)))) , '' (NP-ADV an indication (SBAR that (S (NP-SBJ-5 the ambitious plans) (VP might (VP be (VP scaled (NP *-5) (PRT back) (PP-LOC in (NP any future construction))))))))))))) .)) (TOP (S (NP-SBJ (NP Initial cost estimates) (PP for (NP (NP the plant) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP was (S (NP-SBJ-1 *-3) (VP to (VP have (VP been (VP built (NP *-1) (PP-MNR in (NP phases)))))))))) ,))) (VP ranged (PP-DIR (PP from (NP (QP $ 1 billion) *U*)) (PP to (NP (QP $ 1.2 billion) *U*)))) .)) (TOP (S (NP-SBJ A company spokesman) (VP said (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP was `` (ADJP-PRD (ADJP possible) , but (ADJP highly unlikely) ,) '' (SBAR-2 that (S (NP-SBJ-1 the plant) (VP might (ADVP-TMP never) (VP be (VP built (NP *-1)))))))))) .)) (TOP (S `` (S-TPC-2 (SBAR-TMP (SBAR As (S (NP-SBJ we) (VP regain (NP (NP our leadership level) (SBAR (WHADVP-3 where) (S (NP-SBJ we) (VP have (VP been (ADVP-LOC-PRD *T*-3))))))))) , and (SBAR as (S (NP-SBJ-1 we) (VP (VP continue (S (NP-SBJ *-1) (VP to (VP put (NP new products) (PP-PUT into (NP the marketplace)))))) and (VP need (NP additional capacity)))))) , (NP-SBJ-4 we) (VP will (VP look (PP-CLR at (S-NOM (NP-SBJ *-4) (VP resuming (NP (NP our involvement) (PP with (NP our plan))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ-1 The new facility) (VP was (S (NP-SBJ *-1) (VP to (VP have (VP been (NP-PRD (NP (NP the world 's) (ADJP most advanced) cereal manufacturing plant) , and (NP (NP Kellogg 's) largest construction project))))))) .)) (TOP (S (NP-SBJ The company) (VP had (VP retained (NP (NP the Fluor Daniel unit) (PP of (NP Fluor Corp.))) (PP-CLR as (NP general contractor)))) .)) (TOP (S But (PP-TMP in (NP recent weeks)) , (NP-SBJ construction-industry sources) (VP reported (SBAR that (S (NP-SBJ early preparation work) (VP was (VP slowing (PP-LOC at (NP the 185-acre site))))))) .)) (TOP (S (NP-SBJ Subcontractors) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP were (VP told (NP *-1) (SBAR that (S (NP-SBJ-2 equipment orders) (VP would (VP be (VP delayed (NP *-2))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Fluor Daniel) (ADVP-TMP already) (VP has (VP reassigned (NP (NP most) (PP of (NP its work crew)))))) , (NP-SBJ the sources) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Last Friday 's) announcement) (VP was (NP-PRD the first official word (SBAR (SBAR that (S (NP-SBJ the project) (VP was (PP-PRD in (NP trouble))))) and (SBAR that (S (NP-SBJ (NP (NP the company 's) plans) (PP for (NP (NP a surge) (PP-LOC in (NP market share))))) (VP may (VP have (VP been (ADJP-PRD overly optimistic))))))))) .)) (TOP (S (PP-TMP Until (NP recently)) , (NP-SBJ Kellogg) (VP had (VP been (VP telling (NP (NP its sales force) and (NP Wall Street)) (SBAR that (S (PP-TMP by (NP 1992)) (NP-SBJ-1 it) (VP intended (S (NP-SBJ *-1) (VP to (VP achieve (NP (NP a (ADJP 50 %) share) (PP of (NP market)) , (VP measured (NP *) (PP-CLR in (NP dollar volume))))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ he) (VP called (S (NP-SBJ current market conditions) `` (ADJP-PRD highly competitive))))) , '' (NP-SBJ (NP Mr. LaMothe) , (NP (NP Kellogg 's) (NX (NX chairman) and (NX chief executive officer))) ,) (VP forecast (NP an earnings increase) (PP-CLR for (NP the full year))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ the company) (VP earned (NP (NP (QP $ 480.4 million) *U*) , or (NP (NP $ 3.90 *U*) (NP-ADV a share)) ,) (PP on (NP (NP sales) (PP of (NP (QP $ 4.3 billion) *U*))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 *) (VP expected (NP *-1)))) , (NP-SBJ Kellogg) (VP reported (NP lower third-quarter earnings)) .)) (TOP (S (NP-SBJ Net) (VP fell (NP-EXT 16 %) (PP-DIR to (NP (NP (QP $ 123.1 million) *U*) , or (NP (NP $ 1.02 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 145.7 million) *U*) , or (NP (NP $ 1.18 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 4.8 %) (PP-DIR to (NP (QP $ 1.20 billion) *U*)) (PP-DIR from (NP (QP $ 1.14 billion) *U*))) .)) (TOP (S (NP-SBJ The company) (VP had (NP-1 (NP a one-time charge) (PP of (NP (QP $ 14.8 million) *U*))) (PP-TMP in (NP the latest quarter)) (S-ADV (NP-SBJ *-1) (VP covering (NP (NP the disposition) (PP of (NP certain assets)))))) .)) (TOP (S (NP-SBJ-1 The company) (VP would n't (VP elaborate , (S-ADV (NP-SBJ *-1) (VP citing (NP competitive reasons))))) .)) (TOP (S (NP-SBJ (NP PARKER HANNIFIN Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP selling (NP three automotive replacement parts divisions))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP retain (NP its Automotive Connectors and Cliff Impact divisions)))))) .)) (TOP (S (NP-SBJ-2 (NP The divisions) (SBAR (WHNP-1 that) (S (NP-SBJ Parker Hannifin) (VP is (VP retaining (NP *T*-1)))))) (VP were n't (VP mentioned (NP *-2) (PP-LOC in (NP (NP Thursday 's) edition)))) .)) (TOP (S (NP-SBJ-1 The following) (VP were (PP-LOC-PRD among (NP (NP (NP Friday 's) offerings and pricings) (PP-LOC in (NP the U.S. and non-U.S. capital markets)))) , (PP with (NP (NP terms) and (NP syndicate manager))) , (SBAR-ADV as (S (NP-SBJ-2 *-1) (VP compiled (NP *-2) (PP by (NP-LGS Dow Jones Capital Markets Report)))))) :)) (TOP (NP (NP Sun Microsystems Inc.) -- (NP (NP (QP $ 125 million) *U*) (PP of (NP (NP (ADJP (QP 6 3) %) convertible subordinated debentures) (ADJP due (NP-TMP Oct. 15 , 1999)) , (VP priced (PP-CLR at (NP 84.90)) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 7.51 %)))))))) .)) (TOP (S (NP-SBJ The debentures) (VP are (ADJP-PRD convertible (PP into (NP common stock)) (PP at (NP (NP $ 25 *U*) (NP-ADV a share)))) , (S-ADV (NP-SBJ *) (VP representing (NP (NP a (ADJP 24 %) conversion premium) (PP over (NP (NP Thursday 's) closing price)))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP (VP Rated (NP *-1) (ADJP-3 single-B-1) (PP-4 by (NP-LGS (NP Moody 's) Investors Service Inc.))) and (VP (ADJP=3 single-B-plus) (PP=4 by (NP-LGS (NP Standard & Poor 's) Corp.))))) , (NP-SBJ-2 the issue) (VP will (VP be (VP sold (NP *-2) (PP-MNR through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Goldman , Sachs & Co)))))))) .)) (TOP (NP (NP Hertz Corp.) -- (NP (NP (NP (QP $ 100 million) *U*) (PP of (NP (NP senior notes) (ADJP due (NP-TMP Nov. 1 , 2009)) , (VP priced (PP-CLR at (NP par)) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 9 %))))))))) .)) (TOP (S (NP-SBJ-1 (NP The issue) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD puttable (ADVP back (PP to (NP the company)))) (PP-TMP in (NP 1999))))) ,) (VP was (VP priced (NP *-1) (PP-CLR at (NP (NP a spread) (PP of (NP (NP 110 basis points) (PP-LOC above (NP (NP the Treasury 's) 10-year note)))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-4) (VP (VP Rated (NP *-1) (ADJP-3 single-A-3) (PP-2 by (NP-LGS Moody 's))) and (VP (ADJP=3 triple-B) (PP=2 by (NP-LGS S*))))) , (NP-SBJ-4 the issue) (VP will (VP be (VP sold (NP *-4) (PP-MNR through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Merrill Lynch Capital Markets)))))))) .)) (TOP (NP (NP (NP Canadian Imperial Bank) (PP of (NP Commerce)) (PRN -LRB- (NP-LOC Canada) -RRB-)) -- (NP (NP (QP 10 billion) yen) (PP of (NP (NP (ADJP 5.7 %) bonds) (ADJP due (NP-TMP Nov. 17 , 1992)) , (VP priced (PP-CLR at (NP (QP 101 1))) (S-CLR (NP-SBJ *) (VP to (VP yield (NP (NP 5.75 %) (PP less (NP full fees))))))) , (PP via (NP LTCB International Ltd))))) .)) (TOP (NP Fees 1 3 .)) (TOP (S (NP-SBJ The Singapore and Kuala Lumpur stock exchanges) (VP are (VP bracing (PP-CLR for (NP a turbulent separation)) , (PP-TMP following (NP (NP Malaysian Finance Minister Daim Zainuddin 's) long-awaited announcement (SBAR that (S (NP-SBJ the exchanges) (VP will (VP sever (NP ties))))))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ-3 Datuk Daim) (VP added (NP spice) (PP-CLR to (NP (NP an (ADJP otherwise unremarkable) address) (PP on (NP (NP (NP Malaysia 's) proposed budget) (PP for (NP 1990)))))) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP ordering (NP-1 the Kuala Lumpur Stock Exchange) `` (S (NP-SBJ-2 *-1) (VP to (VP take (NP appropriate action) (ADVP-TMP immediately) '' (S-PRP (NP-SBJ *-2) (VP to (VP cut (NP (NP its links) (PP with (NP (NP the Stock Exchange) (PP of (NP Singapore))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The delisting) (PP of (NP Malaysian-based companies)) (PP from (NP the Singapore exchange))) (VP may not (VP be (NP-PRD a smooth process)))) , (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ-1 the split) (VP has (ADVP-TMP long) (VP been (VP expected (NP *-1)))))) , (NP-SBJ-2 the exchanges) (VP are n't (VP (ADVP-MNR fully) prepared (NP-3 *-2) (S-CLR (NP-SBJ *-3) (VP to (VP go (NP their separate ways)))))) .)) (TOP (S (NP-SBJ-1 (NP The finance minister 's) order) (VP was n't (VP (VP sparked (NP *-1) (PP by (NP-LGS a single event))) and (VP does n't (VP indicate (NP (NP a souring) (PP-LOC in (NP (NP relations) (PP between (NP the neighboring countries))))))))) .)) (TOP (S (ADVP Rather) , (NP-SBJ the two (ADJP closely linked) exchanges) (VP have (VP been (VP drifting (ADVP-CLR apart) (PP-TMP for (NP some years)) , (PP with (NP (NP (NP a (ADJP nearly five-year-old) moratorium) (PP on (NP new dual listings))) , (NP (ADJP separate and different) listing requirements) , (NP differing trading and settlement guidelines) and (NP diverging national-policy aims)))))) .)) (TOP (S (NP-SBJ-1 (NP (NP QUANTUM CHEMICAL Corp. 's) plant) (PP-LOC in (NP (NP Morris) , (NP Ill.) ,))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP resume (NP production) (PP-TMP in (NP early 1990))))))) .)) (TOP (S (NP-SBJ-1 The year) (VP was (VP misstated (NP *-1) (PP-LOC in (NP (NP Friday 's) editions)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Italy 's) trade deficit) (VP narrowed (PP-DIR to (NP (NP (QP 2.007 trillion) lire) (PRN -LRB- (NP (QP $ 1.49 billion) *U*) -RRB-)) (PP-TMP in (NP September))) (PP-CLR from (NP (QP 2.616 trillion) lire) (ADVP-TMP (NP a year) earlier)))) , (NP-SBJ the state statistical office Istat) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The deficit) (VP was (NP-PRD (QP 466 billion) lire) (PP-TMP in (NP August))) .)) (TOP (S (PP-TMP For (NP the first nine months)) , (NP-SBJ the trade deficit) (VP was (NP-PRD (QP 14.933 trillion) lire) , (PP compared (PP with (NP (NP (QP 10.485 trillion) lire) (PP-TMP in (NP the year-earlier period)))))) .)) (TOP (S (NP-SBJ Istat) (VP said (SBAR 0 (S (NP-SBJ-1 the statistics) (VP (VP are (ADJP-PRD provisional)) and (VP are n't (ADVP-PRD seasonally) adjusted (NP *-1)))))) .)) (TOP (S (NP-SBJ Imports) (VP rose (NP-EXT 11 %) (PP-DIR to (NP (QP 18.443 trillion) lire) (PP-TMP in (NP September))) (PP-DIR from (NP-TMP a year earlier)) , (SBAR-ADV while (S (NP-SBJ exports) (VP rose (NP-EXT 17 %) (PP-DIR to (NP (QP 16.436 trillion) lire)))))) .)) (TOP (S (PP-TMP In (NP the nine months)) , (NP-SBJ imports) (VP rose (NP-EXT 20 %) (PP-DIR to (NP (QP 155.039 trillion) lire)) , (SBAR-ADV while (S (NP-SBJ exports) (VP grew (NP-EXT 18 %) (PP-DIR to (NP (QP 140.106 trillion) lire)))))) .)) (TOP (S (NP-SBJ-1 Import values) (VP are (VP calculated (NP *-1) (PP on (NP a cost , insurance and freight (PRN -LRB- c.i.f . -RRB-) basis)) , (SBAR-ADV while (S (NP-SBJ-2 exports) (VP are (VP accounted (PP-CLR for (NP *-2)) (PP on (NP a free-on-board (PRN -LRB- f.o.b . -RRB-) basis)))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ competition) (VP heats (ADVP-CLR up) (PP-LOC in (NP (NP Spain 's) crowded bank market))))) , (NP-SBJ-1 Banco Exterior de Espana) (VP is (VP seeking (S (NP-SBJ *-1) (VP to (VP (VP shed (NP (NP its image) (PP of (NP a state-owned bank)))) and (VP move (PP-DIR into (NP new activities)))))))) .)) (TOP (S (PP-LOC Under (NP (NP the direction) (PP of (NP (NP its new chairman) , (NP Francisco Luzon) ,)))) (NP-SBJ (NP Spain 's) (ADJP seventh largest) bank) (VP is (VP undergoing (NP (NP a tough restructuring) (SBAR (WHNP-1 that) (S (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ *T*-1) (VP may (VP be (NP-PRD (NP the first step) (PP toward (NP (NP the bank 's) privatization))))))))))))) .)) (TOP (S (NP-SBJ (NP The state-owned industrial holding company Instituto Nacional de Industria) and (NP (NP the Bank) (PP of (NP Spain)))) (VP (ADVP-MNR jointly) hold (NP (NP a (ADJP 13.94 %) stake) (PP in (NP Banco Exterior)))) .)) (TOP (S (S (NP-SBJ The government) (VP (ADVP-MNR directly) owns (NP 51.4 %))) and (S (NP-SBJ (NP Factorex) , (NP a financial services company) ,) (VP holds (NP 8.42 %))) .)) (TOP (S (NP-SBJ-1 The rest) (VP is (VP listed (NP *-1) (PP-LOC-CLR on (NP Spanish stock exchanges)))) .)) (TOP (S (NP-SBJ Some analysts) (VP are (ADJP-PRD concerned , (ADVP however) , (SBAR that (S (NP-SBJ-1 Banco Exterior) (VP may (VP have (VP waited (ADVP-TMP-CLR too long) (S-CLR (NP-SBJ *-1) (VP to (VP diversify (PP-CLR from (NP its traditional export-related activities)))))))))))) .)) (TOP (S-1 (S-NOM-SBJ (NP-SBJ *) (VP Catching (ADVP-CLR up) (PP-CLR with (NP (NP commercial competitors) (PP-LOC in (NP (NP retail banking) and (NP financial services))))))) (PRN , (S (NP-SBJ they) (VP argue (SBAR 0 (S *T*-1)))) ,) (VP will (VP be (ADJP-PRD difficult) , (SBAR-ADV (ADVP particularly) if (S (NP-SBJ market conditions) (VP turn (ADJP-PRD sour)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ that) (VP proves (ADJP-PRD true)))) , (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ Banco Exterior) (VP could (VP be (NP-PRD (NP (NP a prime partner) (PRN -- or even (NP a takeover target) --)) (PP for (NP (NP either a (ADJP Spanish or foreign) bank) (VP seeking (S (NP-SBJ *) (VP to (VP increase (NP its market share)))))))) (PP-TMP after (NP (NP 1992) , (SBAR (WHADVP-4 when) (S (NP-SBJ-3 the European Community) (VP plans (S (NP-SBJ *-3) (VP to (VP dismantle (NP financial barriers) (ADVP-TMP *T*-4)))))))))))))) .)) (TOP (S (PP With (NP (NP (NP 700 branches) (PP-LOC in (NP Spain))) and (NP (NP (NP 12 banking subsidiaries) , (NP five branches) and (NP 12 representative offices)) (ADVP-LOC abroad)))) , (NP-SBJ the Banco Exterior group) (VP has (NP (NP a lot) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP offer (NP a potential suitor) (NP *T*-1))))))) .)) (TOP (S (NP-SBJ (NP Mr. Luzon) and (NP his team)) , (ADVP however) , (VP say (SBAR 0 (S (NP-SBJ they) (VP are n't (ADJP-PRD interested (PP in (NP a merger))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ-1 they) (VP are (VP working (S (NP-SBJ *-1) (VP to (VP transform (NP Banco Exterior) (PP-CLR into (NP an efficient bank)) (PP-TMP by (NP (NP the end) (PP of (NP 1992))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP want (S (NP-SBJ this) (VP to (VP be (NP-PRD (NP a model) (PP of (NP (NP the way) (SBAR (WHADVP-3 0) (S (NP-SBJ-1 a public-owned company) (VP should (VP be (VP run (NP *-1) (ADVP-MNR *T*-3)))))))))))))) , '' (NP-SBJ Mr. Luzon) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ-1 Banco Exterior) (VP was (VP created (NP *-1) (PP-TMP in (NP 1929)) (S-PRP (NP-SBJ *-1) (VP to (VP provide (NP subsidized credits) (PP for (NP Spanish exports))))))) .)) (TOP (S (NP-SBJ-1 (NP The market) (PP for (NP export financing))) (VP was (VP liberalized (NP *-1) (PP-TMP in (NP the mid-1980s)) , (ADVP however) , (S-ADV (NP-SBJ *) (VP forcing (S (NP-SBJ the bank) (VP to (VP face (NP competition)))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ (NP many) (PP of (NP (NP (NP Spain 's) traditional export markets) (PP-LOC in (NP (NP Latin America) and (NP other developing areas)))))) (VP faced (NP (NP a sharp decline) (PP-LOC in (NP economic growth)))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ (NP the volume) (PP of (NP (NP Banco Exterior 's) export credit portfolio))) (VP plunged (PP-DIR from (NP (NP (QP 824 billion) pesatas) (PRN -LRB- (NP (QP $ 7.04 billion) *U*) -RRB-)) (PP-TMP as (PP of (NP Dec. 31 , 1986)))) , (PP-DIR to (NP its current (QP 522 billion) pesetas))) .)) (TOP (S (NP-SBJ-1 (NP The other two main pillars) (PP of (NP (NP Banco Exterior 's) traditional business)) (PRN -- (NP (NP wholesale banking) and (NP foreign currency trading)) --)) (ADVP also) (VP began (S (NP-SBJ *-1) (VP to (VP crumble (PP-LOC under (NP (NP the weight) (PP of (NP (NP heavy competition) and (NP changing client needs))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The bank) (VP was (VP hamstrung (NP *-1) (PP in (NP its efforts (S (NP-SBJ *) (VP to (VP face (NP (NP the challenges) (PP of (NP a changing market)))))))) (PP by (NP-LGS (NP its links) (PP to (NP the government))))))) , (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (SBAR-TMP Until (S (NP-SBJ Mr. Luzon) (VP took (NP the helm) (NP-TMP last November)))) , (NP-SBJ-1 Banco Exterior) (VP was (VP run (NP *-1) (PP by (NP-LGS (NP politicians) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP lacked (NP either (NP (NP the skills) (SBAR *RNR*-3)) or (NP (NP the will) (SBAR *RNR*-3)) (SBAR-3 (WHADVP-4 0) (S (NP-SBJ *) (VP to (VP introduce (NP innovative changes) (ADVP-MNR *T*-4))))))))))))) .)) (TOP (S But (NP-SBJ-1 Mr. Luzon) (VP has (VP moved (ADVP-MNR swiftly) (S-CLR (NP-SBJ *-1) (VP to (VP (VP streamline (NP bureaucracy)) , (VP cut (NP costs)) , (VP increase (NP capital)) and (VP build (PRT up) (NP (NP new areas) (PP of (NP business))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP 've (VP got (NP (NP a lot) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-2))))))))) , '' (NP-SBJ he) (VP acknowledged (S *T*-1)) .)) (TOP (S `` (NP-SBJ-1 We) (VP 've (VP got (S (NP-SBJ *-1) (VP to (VP move (ADVP-MNR quickly)))))) . '')) (TOP (S (PP-TMP In (NP (NP Mr. Luzon 's) first year)) , (NP-SBJ the bank) (VP eliminated (NP 800 jobs)) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ it) (VP says (SBAR 0 (S (NP-SBJ it) (VP 'll (VP trim (NP (QP another 1,200) jobs) (PP-TMP over (NP the next (QP three to four) years))))))) .)) (TOP (S (NP-SBJ The bank) (VP (VP employs (NP-1 8,000 people) (PP-LOC-2 in (NP Spain))) and (VP (NP=1 2,000) (ADVP-LOC=2 abroad))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP strengthen (NP its capital base)))) , (NP-SBJ-1 Banco Exterior) (NP-TMP this year) (VP (VP issued (NP (NP (QP $ 105 million) *U*) (PP in (NP subordinated debt)))) , (VP launched (NP two rights issues)) and (VP sold (NP (NP stock) (VP held (NP *) (PP-LOC-CLR in (NP its treasury)))) (PP-DTV to (NP small investors)))) .)) (TOP (S (NP-SBJ The bank) (VP is (ADVP-TMP now) (VP (ADVP-MNR aggressively) marketing (NP retail services) (PP-LOC at (NP its domestic branches)))) .)) (TOP (S (NP-SBJ-1 (NP (NP Last year 's) drop) (PP-LOC in (NP export credit))) (VP was (VP (ADVP-MNR partially) offset (NP *-1) (PP by (NP-LGS (NP a (ADJP 15 %) surge) (PP-LOC in (NP (NP lending) (PP to (NP (NP individuals) and (NP (ADJP small and medium-sized) companies))))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ Spain) (VP has (NP (NP an excess) (PP of (NP banks)))))) , (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ the country) (ADVP-TMP still) (VP has (NP (NP one) (PP of (NP (NP the (ADJP most profitable) markets) (PP-LOC in (NP Europe)))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP aid (NP Banco Exterior) (PP-CLR with (NP (NP the tough tasks) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP faces (NP *T*-2) (ADVP-TMP ahead))))))))))))))) .)) (TOP (S (NP-SBJ Expansion plans) (ADVP also) (VP include (NP (NP acquisitions) (PP-LOC in (NP growing foreign markets)))) .)) (TOP (S (NP-SBJ The bank) (VP says (SBAR 0 (S (NP-SBJ-1 it) (VP 's (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *-1) (VP purchasing (NP banks) (PP-LOC in (NP (NP Morocco) , (NP Portugal) and (NP Puerto Rico))))))))))) .)) (TOP (S But (NP-SBJ-1 (NP (NP the bank 's) retail activities) (PP-LOC in (NP Latin America))) (VP are (ADJP-PRD likely (S (NP-SBJ-2 *-1) (VP to (VP be (VP cut (NP *-2) (PRT back))))))) .)) (TOP (S (NP-SBJ Banco Exterior) (VP was (NP-PRD (NP one) (PP of (NP (NP the last banks) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP create (NP a brokerage house) (SBAR-TMP before (S (NP-SBJ the four Spanish stock exchanges) (VP underwent (NP sweeping changes) (PP-TMP in (NP July))))))))))))) .)) (TOP (S (NP-SBJ The late start) (VP may (VP be (NP-PRD a handicap) (PP for (NP the bank)) (SBAR-TMP as (S (NP-SBJ-1 Spain) (VP continues (S (NP-SBJ *-1) (VP to (VP open (PRT up) (NP its market) (PP-CLR to (NP foreign competition)))))))))) .)) (TOP (S But (NP-SBJ Mr. Luzon) (VP contends (SBAR that (S (NP-SBJ (NP the experienced team) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP brought (NP *T*-1) (PP-CLR with (NP him)) (PP-DIR from (NP (NP Banco Bilbao Vizcaya) , (SBAR (WHADVP-2 where) (S (NP-SBJ he) (VP was (ADVP-TMP formerly) (NP-PRD director general) (ADVP-LOC *T*-2)))) ,)))))) (VP will (VP whip (NP (NP the bank 's) capital market division) (PP-CLR into (NP shape)) (PP-TMP by (NP (NP the end) (PP of (NP 1992))))))))) .)) (TOP (S (NP-SBJ The bank) (ADVP also) (VP says (SBAR 0 (S (NP-SBJ it) (VP 'll (VP use (NP-1 its international network) (S-CLR (NP-SBJ *-1) (VP to (VP channel (NP investment) (PP-DIR from (NP London , Frankfurt , Zurich and Paris)) (PP-DIR into (NP the Spanish stock exchanges)))))))))) .)) (TOP (S (NP-SBJ-1 (NP General Motors Corp. 's) general counsel) (VP hopes (S (NP-SBJ *-1) (VP to (VP cut (NP (NP the number) (PP of (NP (NP outside law firms) (SBAR (WHNP-2 0) (S (NP-SBJ the auto maker) (VP uses (NP *T*-2))))))) (PP-CLR from (NP about 700)) (PP-CLR to (NP 200)) (PP-TMP within (NP two years)))))) .)) (TOP (S (NP-SBJ (NP Harry J. Pearce) , (VP named (S (NP-SBJ *) (NP-PRD general counsel)) (PP-TMP in (NP May 1987))) ,) (VP says (SBAR 0 (S (NP-SBJ the reduction) (VP is (NP-PRD (NP a cost-cutting measure) and (NP an effort (S (NP-SBJ *) (VP to (VP let (NP (NP the No. 1 auto maker 's) 134-lawyer in-house legal department) (VP take (PRT on) (NP (NP matters) (SBAR (WHNP-1 0) (S (NP-SBJ-2 it) (VP is (VP (ADVP-MNR better) equipped and trained (S (NP-SBJ *-2) (VP to (VP handle (NP *T*-1))))))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ GM) (VP trimmed (NP (QP about 40) firms) (PP-CLR from (NP its approved local counsel list)))) , (NP-SBJ Mr. Pearce) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The move) (VP is (ADJP-PRD consistent (PP with (NP a trend (SBAR for (S (NP-SBJ-1 corporate legal staffs) (VP to (VP do (NP more work) (ADVP-MNR in-house) , (PP instead of (S-NOM (NP-SBJ *-1) (VP farming (NP it) (PRT out) (PP-CLR to (NP law firms))))))))))))) .)) (TOP (S (NP-SBJ Mr. Pearce) (VP set (PRT up) (NP (NP GM 's) first in-house litigation group) (PP-TMP in (NP May)) (PP-CLR with (NP (NP four lawyers) , (NP (NP all former assistant U.S. attorneys) (PP with (NP extensive trial experience)))))) .)) (TOP (S (NP-SBJ-1 He) (VP intends (S (NP-SBJ *-1) (VP to (VP add (PP-CLR to (NP the litigation staff)))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Among (NP (NP the types) (PP of (NP cases)) (SBAR (WHNP-2 0) (S (NP-SBJ the in-house litigators) (VP handle (NP *T*-2)))))) (VP are (PP-LOC-PRD *T*-1)) (NP-SBJ (NP (NP disputes) (VP involving (NP (NP companies) (VP doing (NP business) (PP-CLR with (NP GM)))))) and (NP (NP product-related actions) , (PP including (NP (NP one) (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ a driver) (VP is (VP suing (NP GM) (PP-CLR for (NP (NP damages) (VP resulting (PP-CLR from (NP an accident))))) (PP-LOC *T*-3))))))))) .)) (TOP (S (NP-SBJ Mr. Pearce) (VP has (ADVP also) (VP encouraged (S (NP-SBJ-1 his staff) (VP to (VP work (ADVP-MNR more closely) (PP-CLR with (NP (NP GM 's) technical staffs)) (S-CLR (NP-SBJ *-1) (VP to (VP help (VP prevent (NP future litigation)))))))))) .)) (TOP (S (S (NP-SBJ-2 GM lawyers) (VP have (VP been (VP working (PP-CLR with (NP technicians)) (S-CLR (NP-SBJ *-2) (VP to (VP develop (NP (ADJP more uniform) welding procedures)))))))) -- (S (NP-SBJ (NP the way) (SBAR (WHADVP-3 0) (S (NP-SBJ-1 a vehicle) (VP is (VP welded (NP *-1) (ADVP-MNR *T*-3)))))) (VP has (NP (NP a lot) (SBAR (WHNP-4 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-4) (PP-CLR with (NP its durability))))))))) .)) (TOP (S (NP-SBJ-2 The lawyers) (ADVP also) (VP monitor (NP suits) (S-PRP (NP-SBJ *-2) (VP to (VP identify (NP (NP specific automobile parts) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP cause (NP the biggest legal problems))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Pearce) (VP says (S (NP-SBJ (NP law firms) (PP with (NP (NP the best chance) (PP of (S-NOM (NP-SBJ *) (VP retaining or winning (NP (NP business) (PP with (NP GM))))))))) (VP will (VP be (NP-PRD (NP those) (VP providing (NP the highest-quality service) (PP-CLR at (NP the best cost))))))) -- (S-ADV (NP-SBJ *-1) (VP echoing (NP (NP similar directives) (PP from (NP (NP GM 's) auto operations)) (PP to (NP suppliers)))))) .)) (TOP (S (S (NP-SBJ This) (VP does n't (ADVP necessarily) (VP mean (SBAR 0 (S (NP-SBJ larger firms) (VP have (NP an advantage))))))) ; (S (NP-SBJ Mr. Pearce) (VP said (SBAR 0 (S (NP-SBJ GM) (VP works (PP-CLR with (NP (NP a number) (PP of (NP smaller firms)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP regards (NP *T*-1) (ADVP-MNR highly))))))))))) .)) (TOP (S (NP-SBJ-2 Mr. Pearce) (VP has (VP shaken (PRT up) (NP (NP GM 's) legal staff) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP (VP eliminating (NP all titles)) and (VP establishing (NP (NP several new functions) , (PP including (NP (NP a special-projects group) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP made (NP (NP films) (PP on (NP (NP safety) and (NP drunk driving))))))))))))))))) .)) (TOP (S (NP-SBJ FEDERAL PROSECUTORS) (VP are (VP concluding (NP fewer criminal cases) (PP-CLR with (NP trials)))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP a finding) (PP of (NP (NP a new study) (PP of (NP the Justice Department)) (PP by (NP (NP researchers) (PP-LOC at (NP Syracuse University)))))))) .)) (TOP (S (NP-SBJ (NP David Burnham) , (NP (NP one) (PP of (NP the authors))) ,) (VP says (SBAR 0 (S (NP-SBJ fewer trials) (ADVP probably) (VP means (NP (NP a growing number) (PP of (NP plea bargains))))))) .)) (TOP (S (S (PP-TMP In (NP 1980)) , (NP-SBJ (NP 18 %) (PP of (NP federal prosecutions))) (VP concluded (PP-LOC at (NP trial)))) ; (S (PP-TMP in (NP 1987)) , (NP-SBJ (QP only 9) %) (VP did (VP *?*))) .)) (TOP (S (NP-SBJ The study) (VP covered (NP (NP 11 major (NP U.S. attorneys ') offices) (PRN -- (PP including (NP (NP those) (PP-LOC in (NP (NP (NP Manhattan and Brooklyn) , (NP N.Y.) ,) and (NP New Jersey))))) --)) (PP-TMP (PP from (NP 1980)) (PP to (NP 1987)))) .)) (TOP (S (NP-SBJ The Justice Department) (VP rejected (NP the implication (SBAR that (S (NP-SBJ-1 its prosecutors) (VP are (ADVP-TMP currently) (ADJP-PRD more willing (S (NP-SBJ *-1) (VP to (VP plea bargain))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Our felony caseloads) (VP have (VP been (ADJP-PRD consistent) (PP-TMP for (NP 20 years)) , '' (PP with (S-NOM (NP-SBJ (NP (QP about 15) %) (PP of (NP all prosecutions))) (VP going (PP-CLR to (NP trial)))))))) , (NP-SBJ a department spokeswoman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The discrepancy) (VP is (ADJP-PRD somewhat perplexing) (SBAR-ADV in that (S (NP-SBJ the Syracuse researchers) (VP said (SBAR 0 (S (NP-SBJ they) (VP based (NP their conclusions) (PP-CLR on (NP government statistics))))))))) .)) (TOP (S-1 `` (NP-SBJ (NP One possible explanation) (PP for (NP (NP this decline) '' (PP in (S-NOM (NP-SBJ *) (VP taking (NP cases) (PP-CLR to (NP trial)))))))) (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ Mr. Burnham)) ,) `` (VP is (SBAR-PRD that (S (NP-SBJ (NP the number) (PP of (NP (NP defendants) (VP being (VP charged (NP *) (PP-CLR with (NP crimes)) (PP by (NP-LGS all U.S. attorneys))))))) (VP has (VP (ADVP-MNR substantially) increased))))) . '')) (TOP (S-1 (PP-TMP In (NP 1980)) (PRN , (NP-SBJ the study) (VP says (SBAR 0 (S *T*-1))) ,) (NP-SBJ (NP prosecutors) (VP surveyed (NP *))) (VP filed (NP charges) (PP-CLR against (NP 25 defendants)) (PP for (NP (NP each 100,000 people) (VP aged (NP (NP 18 years) and (NP older)))))) .)) (TOP (S (PP-TMP In (NP 1987)) , (NP-SBJ prosecutors) (VP filed (PP-CLR against (NP 35 defendants)) (PP for (NP every 100,000 adults))) .)) (TOP (NP (NP (NP Another finding) (PP from (NP the study))) : (S (NP-SBJ Prosecutors) (VP set (NP (ADJP significantly different) priorities))) .)) (TOP (S (NP-SBJ-1 (NP The Manhattan U.S. attorney 's) office) (VP stressed (NP criminal cases) (PP-TMP (PP from (NP 1980)) (PP to (NP 1987))) , (S-ADV (NP-SBJ *-1) (VP averaging (NP 43) (PP for (NP every 100,000 adults))))) .)) (TOP (S But (NP-SBJ the New Jersey U.S. attorney) (VP averaged (NP 16)) .)) (TOP (S (S (PP-LOC On (NP the civil side)) , (NP-SBJ the Manhattan prosecutor) (VP filed (NP (NP an average) (PP of (NP (QP only 11) cases))) (PP for (NP every 100,000 adults)) (PP-TMP during (NP the same period)))) ; (S (NP-SBJ the San Francisco U.S. attorney) (VP averaged (NP 79))) .)) (TOP (S (NP-SBJ-1 The study) (VP is (S (NP-SBJ *-1) (VP to (VP provide (NP (NP reporters) , (NP academic experts) and (NP others)) (NP (NP raw data) (SBAR (WHPP-2 on (WHNP which)) (S (NP-SBJ *) (VP to (VP base (NP further inquiries) (PP-CLR *T*-2)))))))))) .)) (TOP (S (NP-SBJ IMELDA MARCOS) (VP (VP asks (PP-CLR for (NP dismissal))) , (VP says (SBAR 0 (S (NP-SBJ-1 she) (VP was (VP kidnapped (NP *-1))))))) .)) (TOP (S (NP-SBJ-3 (NP The former first lady) (PP of (NP the Philippines))) , (VP asked (NP-2 (NP a federal court) (PP-LOC in (NP Manhattan))) (S (NP-SBJ *-2) (VP to (VP dismiss (NP (NP an indictment) (PP against (NP her)))))) , (S-ADV (NP-SBJ *-3) (VP claiming (PP among (NP other things)) , (SBAR that (S (NP-SBJ-1 she) (VP was (NP-PRD abducted (NP *-1) (PP-DIR from (NP her homeland))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mrs. Marcos) and (NP (NP her late husband) , (NP former Philippines President Ferdinand Marcos) ,)) (VP were (VP charged (NP-2 *-1) (PP-CLR with (S-NOM (NP-SBJ *-2) (VP (VP embezzling (NP (QP more than $ 100 million) *U*) (PP-CLR from (NP that country))) and then (VP (ADVP-MNR fraudulently) concealing (NP (NP much) (PP of (NP the money))) (PP-MNR through (NP (NP purchases) (PP of (NP (NP prime real estate) (PP-LOC in (NP Manhattan)))))))))))) .)) (TOP (S (NP-SBJ (NP Mrs. Marcos 's) attorneys) (VP asked (NP-1 federal Judge John F. Keenan) (S (NP-SBJ *-1) (VP to (VP give (NP them) (NP (NP access) (PP to (NP (NP all U.S. documents) (PP about (NP her alleged abduction))))))))) .)) (TOP (S (NP-SBJ (NP The U.S. attorney 's) office) , (PP-LOC in (NP (NP documents) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP filed (NP *T*-2) (PP in (NP response))))))) , (VP said (SBAR 0 (S (NP-SBJ-3 Mrs. Marcos) (VP was (VP making (NP the `` (ADJP (ADJP fanciful) (PRN -- and (ADJP factually unsupported) --)) claim (SBAR that (S (NP-SBJ-1 she) (VP was (VP kidnapped (NP *-1) (PP-DIR into (NP this country)))))) '') (SBAR-PRP (PP in (NP order)) (S (NP-SBJ *-3) (VP to (VP obtain (NP (NP classified material) (PP-LOC in (NP the case)))))))))))) .)) (TOP (S (NP-SBJ The office) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-2 (NP Mrs. Marcos) and (NP her husband)) (VP were n't (VP brought (NP *-2) (PP-DIR to (NP the U.S.)) (PP-MNR against (NP their will)) (SBAR-TMP after (S (NP-SBJ-1 Mr. Marcos) (VP was (VP ousted (NP *-1) (PP-CLR as (NP president))))))))))) .)) (TOP (S (NP-SBJ The prosecutor) (VP quoted (NP (NP statements) (PP from (NP the Marcoses)) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ they) (VP said (SBAR (SBAR 0 (S (NP-SBJ they) (VP were (PP-LOC-PRD in (NP this country)) (PP at (NP (NP the invitation) (PP of (NP President Reagan))))))) and (SBAR that (S (NP-SBJ they) (VP were (VP enjoying (NP (NP the hospitality) (PP of (NP the U.S)))))))) (PP-LOC *T*-1)))))) .)) (TOP (S (NP-SBJ (NP Lawyers) (PP for (NP Mrs. Marcos))) (VP say (SBAR that (S (SBAR-PRP because (S (NP-SBJ-1 she) (VP was (VP taken (NP *-1) (PP-DIR to (NP the U.S.)) (PP-MNR against (NP her wishes)))))) , (NP-SBJ the federal court) (VP lacks (NP jurisdiction) (PP-LOC in (NP the case)))))) .)) (TOP (S (NP-SBJ (NP THE FEDERAL COURT) (PP of (NP appeals)) (PP-LOC in (NP Manhattan))) (VP ruled (SBAR that (S (NP-SBJ-1 (NP the dismissal) (PP of (NP (NP a 1980 indictment) (PP against (NP former (NAC Bank (PP of (NP Crete))) owner George Koskotas))))) (VP should (VP be (VP reconsidered (NP *-1))))))) .)) (TOP (S (NP-SBJ (NP The indictment) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP was (VP (VP sealed (NP *-2)) and (VP (ADVP apparently) forgotten (NP *-2) (PP by (NP-LGS investigators)) (PP-TMP until (NP 1987))))))) ,) (VP charges (NP (NP Mr. Koskotas) and (NP three others)) (PP-CLR with (NP (NP tax fraud) and (NP other violations)))) .)) (TOP (S (NP-SBJ-2 He) (VP (VP made (NP (NP numerous trips) (PP to (NP the U.S.))) (PP-TMP in (NP the early 1980s))) , but (VP was n't (VP arrested (NP *-2) (PP-TMP until (NP (NP 1987) (SBAR (WHADVP-1 when) (S (NP-SBJ he) (VP showed (PRT up) (PP as (NP (NP a guest) (PP of (NP then-Vice President George Bush)))) (PP-LOC-CLR at (NP a government function)) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ-1 (NP A federal judge) (PP-LOC in (NP Manhattan))) (VP threw (PRT out) (NP the indictment) , (S-ADV (NP-SBJ *-1) (VP finding (SBAR that (S (NP-SBJ the seven-year delay) (VP violated (NP (NP (NP the defendant 's) constitutional right) (PP to (NP a speedy trial))))))))) .)) (TOP (S (NP-SBJ The appeals court) , (ADVP however) , (VP said (SBAR 0 (S (NP-SBJ the judge) (VP did n't (VP (ADVP-MNR adequately) consider (SBAR whether (S (NP-SBJ the delay) (VP would (ADVP actually) (VP hurt (NP (NP the chances) (PP of (NP a fair trial)))))))))))) .)) (TOP (S (NP-SBJ Mr. Koskotas) (VP is (VP fighting (NP (NP extradition proceedings) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP return (NP him) (PP-DIR to (NP (NP Greece) , (SBAR (WHADVP-3 where) (S (NP-SBJ-1 he) (VP is (VP charged (NP-4 *-1) (PP-CLR with (S-NOM (NP-SBJ *-4) (VP embezzling (NP (QP more than $ 250 million) *U*) (PP-CLR from (NP (NP the Bank) (PP of (NP Crete))))))) (ADVP-LOC *T*-3)))))))))))))) .)) (TOP (S (NP-SBJ-1 His attorney) (VP could n't (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (NP (NP PRO BONO VOLUNTARISM) : (S (PP In (NP an effort (S (NP-SBJ *) (VP to (VP stave (PRT off) (NP (NP a plan) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP require (S (NP-SBJ (NP all lawyers) (PP-LOC in (NP New York state))) (VP to (VP provide (NP (NP twenty hours) (PP of (NP free legal aid)) (NP-ADV a year))))))))))))))) , (NP-SBJ the state bar) (VP recommended (NP (NP an alternative program) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP increase (NP (NP voluntary participation) (PP-LOC in (NP pro bono programs)))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP The state bar association 's) policy making body) , (NP (NP the House) (PP of (NP Delegate))) ,) (VP voted (NP-TMP Saturday) (S (NP-SBJ *-1) (VP to (VP ask (NP-2 Chief Judge Sol Wachtler) (S (NP-SBJ *-2) (VP to (VP give (NP (NP the bar 's) voluntary program) (NP (NP three years) (SBAR (WHADVP-3 0) (S (NP-SBJ-4 *) (VP to (VP prove (NP its effectiveness) (PP-TMP before (S-NOM (NP-SBJ *-4) (VP considering (NP mandatory pro bono)))) (ADVP-TMP *T*-3))))))))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ We) (VP believe (SBAR 0 (S (NP-SBJ-2 our suggested plan) (VP (VP is (ADJP-PRD (ADJP more likely) (S (NP-SBJ *-2) (VP to (VP improve (NP (NP the availability) (PP of (NP quality legal service)) (PP to (NP the poor)))))) (SBAR than (SINV is (NP-SBJ the proposed mandatory pro bono plan) (ADJP-PRD *?*))))) and (VP will (VP achieve (NP that objective) (PP without (NP (NP the (NX (NX divisiveness) , (NX distraction) , (NX administrative burdens) and (NX possible failure))) (SBAR (WHNP-3 that) (S (NP-SBJ we) (VP fear (SBAR 0 (S (NP-SBJ *T*-3) (VP would (VP accompany (NP an attempt (S (NP-SBJ *) (VP to (VP impose (NP a mandatory plan))))))))))))))))))))) , '' (VP said (S *T*-4)) (NP-SBJ (NP Justin L. Vigdor) (PP of (NP Rochester)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP headed (NP (NP the bar 's) pro bono study committee))))) .)) (TOP (S (S-HLN (NP-SBJ DALLAS AND HOUSTON law firms) (VP merge)) : (S (NP-SBJ (NP (NP Jackson & Walker) , (NP (NP a 130-lawyer firm) (PP-LOC in (NP Dallas)))) and (NP (NP Datson & Scofield) , (NP (NP a 70-lawyer firm) (PP-LOC in (NP Houston))))) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP have (VP agreed (PP in (NP principle)) (S (NP-SBJ *-1) (VP to (VP merge))))))))) .)) (TOP (S (NP-SBJ (NP The consolidated firm) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP rank (PP-LOC-CLR among (NP (NP the 10 largest) (PP-LOC in (NP Texas)))))))) ,) (VP would (VP operate (PP-LOC under (NP the name Jackson & Walker)))) .)) (TOP (S (NP-SBJ-2 The merger) (VP (VP must (VP be (VP (ADVP-MNR formally) approved (NP *-2) (PP by (NP-LGS (NP the partners) (PP of (NP both firms))))))) but (VP is (VP expected (S (NP-SBJ-1 *-2) (VP to (VP be (VP completed (NP *-1) (PP-TMP by (NP year end))))))))) .)) (TOP (S (S (NP-SBJ Jackson & Walker) (VP has (NP (NP an office) (PP-LOC in (NP (NP Fort Worth) , (NP Texas)))))) , and (S (NP-SBJ Dotson & Scofield) (VP has (NP (NP an office) (PP-LOC in (NP New Orleans))))) .)) (TOP (S-HLN (NP-SBJ *) (VP PILING (PRT ON)) ?)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Piggybacking (PP-CLR on (NP government assertions (SBAR that (S (NP-SBJ General Electric Co.) (VP may (VP have (VP covered (PRT up) (NP (NP fraudulent billings) (PP to (NP the Pentagon)))))))))))) , (NP-SBJ-1 two shareholders) (VP have (VP filed (NP a civil racketeering suit) (PP-CLR against (NP the company)))) .)) (TOP (S (NP-SBJ-1 The suit) (VP was (VP filed (NP *-1) (PP by (NP-LGS (NP plaintiffs ') securities lawyer Richard D. Greenfield)) (PP-LOC in (NP U.S. District Court)) (PP-LOC in (NP Philadelphia)))) .)) (TOP (S (NP-SBJ He) (VP seeks (NP damages) (PP-CLR from (NP (NP the company 's) 15 directors)) (PP on (NP grounds (SBAR that (S (NP-SBJ-2 they) (VP either `` (VP (VP participated (PP-CLR in (NP *RNR*-1))) or (VP condoned (NP *RNR*-1)) (NP-1 the illegal acts ...)) or (VP (ADVP-MNR utterly) failed (S (NP-SBJ *-2) (VP to (VP carry (PRT out) (NP (NP their duties) (PP as (NP directors))))))))))))) . '')) (TOP (S (NP-SBJ GE) (VP is (VP defending (NP itself) (PP-CLR against (NP (NP (NP government criminal charges) (PP of (NP fraud))) and (NP (NP false claims) (PP in (NP (NP connection) (PP with (NP (NP a logistics-computer contract) (PP for (NP the Army))))))))))) .)) (TOP (S (NP-SBJ The trial) (VP begins (NP-TMP today) (PP-LOC in (NP federal court)) (PP-LOC in (NP Philadelphia))) .)) (TOP (S (NP-SBJ-1 (NP (NP The government 's) assertions) (PP of (NP the cover-up))) (VP were (VP made (NP *-1) (PP-LOC in (NP last minute pretrial motions)))) .)) (TOP (S (NP-SBJ (NP GE) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (ADVP-MNR vehemently) denies (NP (NP the government 's) allegations)))) ,) (VP denounced (NP (NP Mr. Greenfield 's) suit)) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP is (NP-PRD (NP a cheap-shot suit) (PRN -- (ADJP (ADJP procedurally defective) and (ADJP thoroughly fallacious)) --) (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP was (VP (ADVP-MNR hurriedly) filed (NP *-3) (PP by (NP-LGS a contingency-fee lawyer)) (PP-PRP as (NP (NP a result) (PP of (NP newspaper reports))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ a GE spokeswoman) .)) (TOP (S (NP-SBJ She) (VP added (SBAR that (S (NP-SBJ-1 the company) (VP was (VP considering (S (NP-SBJ *-1) (VP bringing (NP sanctions) (PP-CLR against (NP-2 Mr. Greenfield)) (PP-PRP for (S-NOM (NP-SBJ *-2) (VP making `` (NP (ADJP (ADJP grossly inaccurate) and (ADJP unsupported)) allegations))))))))))) .)) (TOP (S (NP-SBJ (NP The head) (PP of (NP (NP the nation 's) largest car-dealers group))) (VP is (VP telling (NP-1 dealers) (S (NP-SBJ *-1) (VP to (VP `` (ADVP just) say (INTJ no) '' (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ auto makers) (VP pressure (S (NP-SBJ them) (VP to (VP stockpile (NP cars) (PP-LOC on (NP their lots))))) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (PP-LOC In (NP (NP an open letter) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP run (NP-TMP today) (PP-LOC in (NP the trade journal Automotive News)))))))) , (NP-SBJ (NP Ron Tonkin) , (NP (NP president) (PP of (NP the National Car Dealers Association))) ,) (VP says (SBAR 0 (S (NP-SBJ dealers) (VP should (VP cut (NP their inventories) (PP-CLR to (NP (NP (QP no more than half) the level) (VP (ADVP traditionally) considered (S (NP-SBJ *) (ADJP-PRD desirable)))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Tonkin) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP been (VP feuding (PP-CLR with (NP the Big Three)) (SBAR-TMP since (S (NP-SBJ he) (VP took (NP office) (NP-TMP earlier this year))))))))) ,) (VP said (SBAR that (S (PP with (S-NOM (NP-SBJ (NP half) (PP of (NP (NP the nation 's) dealers))) (VP (VP losing (NP money)) or (VP breaking (ADVP-CLR even))))) , (NP-SBJ it) (VP was (NP-PRD (NP time) (PP for `` (NP emergency action))))))) . '')) (TOP (S (NP-SBJ U.S. car dealers) (VP had (NP (NP an average) (PP of (NP (NP (NP 59 days ') supply) (PP of (NP cars))))) (PP-LOC in (NP their lots)) (PP-TMP at (NP (NP the end) (PP of (NP September)))) , (PP according (PP to (NP (NP Ward 's) Automotive Reports)))) .)) (TOP (S But (NP-SBJ Mr. Tonkin) (VP said (SBAR 0 (S (NP-SBJ-1 dealers) (VP should (VP slash (NP stocks) (PP-CLR to (NP (QP between 15 and 30) days)) (S-PRP (NP-SBJ-2 *-1) (VP to (VP reduce (NP (NP the costs) (PP of (S-NOM (NP-SBJ *-2) (VP financing (NP inventory))))))))))))) .)) (TOP (S (NP-SBJ His message) (VP is (VP getting (NP a chilly reception) (PP-LOC in (NP (NP Detroit) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 the Big Three auto makers) (VP are (ADVP-TMP already) (VP being (VP forced (S (NP-SBJ *-1) (VP to (VP close (NP plants)))) (PP-PRP because of (NP (NP soft sales) and (NP reduced dealer orders))) (ADVP-LOC *T*-2)))))))))) .)) (TOP (S (PP-TMP (ADVP Even) before (NP (NP Mr. Tonkin 's) broadside)) , (NP-SBJ some large dealers) (VP said (SBAR 0 (S (NP-SBJ they) (VP were (VP cutting (NP inventories)))))) .)) (TOP (S (NP-SBJ (NP Ford Motor Co.) and (NP Chrysler Corp. representatives)) (VP criticized (NP (NP Mr. Tonkin 's) plan) (PP-CLR as (ADJP unworkable))) .)) (TOP (S (S-TPC-6 (NP-SBJ-1 It) `` (VP is (VP going (S (NP-SBJ *-1) (VP (VP to (VP sound (ADJP-PRD neat) (PP-CLR to (NP the dealer)) (SBAR-TMP-7 *NOT*))) except (VP (SBAR-TMP=7 (WHADVP-4 when) (S (S (NP-SBJ his 15-day car supply) (VP does n't (VP include (NP (NP the (ADJP bright red) one) (SBAR (WHNP-2 that) (S (NP-SBJ-3 the lady) (VP wants (S (NP-SBJ *-3) (VP to (VP buy (NP *T*-2)))))))) (ADVP-TMP *T*-4)))) and (S (NP-SBJ-5 she) (VP goes (PP-DIR up (NP the street)) (S-PRP (NP-SBJ *-5) (VP to (VP buy (NP one)))) (ADVP-TMP *T*-4))))))))))) , '' (NP-SBJ a Chrysler spokesman) (VP said (S *T*-6)) .)) (TOP (S (NP-SBJ (NP Southern Co. 's) Gulf Power Co. unit) (VP may (VP plead (ADJP-PRD guilty) (NP-TMP this week) (PP-CLR to (NP charges (SBAR that (S (NP-SBJ it) (VP (ADVP-MNR illegally) steered (NP company money) (PP-DIR to (NP politicians)) (PP-MNR through (NP outside vendors))))))) , (PP according (PP to (NP (NP individuals) (ADJP close (PP to (NP (NP an investigation) (PP of (NP the utility holding company)))))))))) .)) (TOP (S (NP-SBJ (NP The tentative settlement) (PP between (NP (NP (NP Gulf Power) , (NP a (NAC-LOC Pensacola , Fla. ,) electric company)) , and (NP federal prosecutors)))) (VP would (VP mark (NP (NP the end) (PP of (NP (NP one part) (PP of (NP (NP a wide-ranging inquiry) (PP of (NP Southern Co.)) (PP-TMP in (NP the past year))))))))) .)) (TOP (S (NP-SBJ A grand jury) (VP has (VP been (VP investigating (SBAR whether (S (NP-SBJ-1 (NP officials) (PP-LOC at (NP Southern Co.))) (VP conspired (S (NP-SBJ-2 *-1) (VP to (VP cover (PRT up) (NP (NP their accounting) (PP for (NP spare parts))) (S-PRP (NP-SBJ *-2) (VP to (VP evade (NP federal income taxes))))))))))))) .)) (TOP (S (NP-SBJ The grand jury) (VP has (ADVP also) (VP been (VP investigating (SBAR whether (S (NP-SBJ Gulf Power executives) (VP violated (NP (NP the federal Utility Holding Company Act) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP prohibits (NP-2 certain utilities) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP making (NP political contributions)))))))))))))) .)) (TOP (S (NP-SBJ The individuals) (VP said (SBAR 0 (S (NP-SBJ (NP Gulf Power) and (NP federal prosecutors)) (VP are (VP considering (NP (NP a settlement) (SBAR (WHPP-1 under (WHNP which)) (S (NP-SBJ the company) (VP would (VP (VP plead (ADJP-PRD guilty) (PP-CLR to (NP two felony charges))) and (VP pay (NP (NP fines) (VP totaling (NP (QP between $ 500,000 and $ 1.5 million) *U*)))) (PP-LOC *T*-1))))))))))) .)) (TOP (S (PP-LOC Under (NP one count)) , (NP-SBJ-2 Gulf Power) (VP would (VP plead (ADJP-PRD guilty) (PP-CLR to (S-NOM (NP-SBJ-1 *-2) (VP conspiring (S-CLR (NP-SBJ *-1) (VP to (VP violate (NP the Utility Holding Company Act))))))))) .)) (TOP (S (PP-LOC Under (NP the second count)) , (NP-SBJ-2 the company) (VP would (VP plead (ADJP-PRD guilty) (PP-CLR to (S-NOM (NP-SBJ-1 *-2) (VP conspiring (S-CLR (NP-SBJ *-1) (VP to (VP evade (NP taxes))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The guilty pleas) (VP would (VP be (VP made (NP *-1) (PP (ADVP solely) by (NP-LGS Gulf Power)))))) , (NP-SBJ the individuals) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 No employee or vendor) (VP would (VP be (VP involved (NP *-1)))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP Southern Co.))) (VP would (VP say (ADVP only) (SBAR that (S (NP-SBJ (NP discussions) (PP *ICH*-1)) (VP are (VP continuing (PP-1 between (NP (NP Gulf Power) and (NP federal prosecutors))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP have (NP (NP no further developments) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP report (NP *T*-2)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-1 (NP Officials) (PP-LOC at (NP Gulf Power))) (VP could n't (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S And (NP-SBJ-1 prosecutors) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-2 Southern Co.) (VP has (VP been (ADJP-PRD reluctant (S (NP-SBJ *-2) (VP to (VP discuss (NP the grand jury investigations))))))))) , (NP-SBJ (NP Edward L. Addison) , (NP chief executive officer) ,) (VP has (VP said (SBAR 0 (S (NP-SBJ-3 the company) (VP is (VP prepared (S (NP-SBJ *-3) (VP to (VP defend (NP its tax and acccounting practices)))) (SBAR-ADV if (S (NP-SBJ-1 any charges) (VP are (VP brought (NP *-1) (PP-CLR against (NP it)))))))))))) .)) (TOP (S (ADVP Morever) , (NP-SBJ Mr. Addison) (VP has (VP said (SBAR 0 (S (NP-SBJ (NP Southern Co.) and (NP its units)) (VP do n't (VP condone (NP illegal political contributions))))))) .)) (TOP (S (NP-SBJ-1 Neither (NP Mr. Addison) nor (NP (ADJP any other) Southern Co. official)) (VP has (VP been (VP charged (NP *-1) (PP-CLR with (NP any wrongdoing)) (PP in (NP (NP connection) (PP with (NP the current inquiries))))))) .)) (TOP (S (NP-SBJ (NP The probe) (PP of (NP Southern Co.))) (VP has (VP attracted (NP considerable attention) (NP-TMP this year) (PP-PRP because of (NP (NP several events) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP befallen (NP the company))))) , (PP including (NP (NP (NP the death) (PP of (NP a Gulf Power executive)) (PP-LOC in (NP a plane crash))) and (NP (NP the disappearance) (PP of (NP (NP a company vendor) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP was (S (NP-SBJ *-3) (VP to (VP be (NP-PRD a key grand jury witness)))))))))))))))) .)) (TOP (S (NP-SBJ Witnesses) (VP have (VP said (SBAR 0 (S (NP-SBJ the grand jury) (VP has (VP asked (NP (NP numerous questions) (PP about (NP (NP Jacob F. `` Jake '' Horton) , (NP (NP the senior vice president) (PP of (NP Gulf Power)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP died (PP-LOC in (NP the plane crash)) (PP-TMP in (NP April))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Horton) (VP oversaw (NP (NP Gulf Power 's) governmental-affairs efforts)) .)) (TOP (S (PP-TMP On (NP (NP the morning) (PP of (NP the crash)))) , (NP-SBJ-1 he) (VP had (VP been (VP put (NP *-1) (PP-PUT on (NP notice (SBAR that (S (NP-SBJ an audit committee) (VP was (VP recommending (NP his dismissal) (PP-PRP because of (NP (NP invoicing irregularities) (PP-LOC in (NP a company audit))))))))))))) .)) (TOP (S (NP-SBJ-1 Investigators) (VP have (VP been (VP trying (S (NP-SBJ *-1) (VP to (VP determine (SBAR whether (S (NP-SBJ the crash) (VP was (NP-PRD an accident , sabotage or suicide)))))))))) .)) (TOP (S (NP-SBJ Gulf Power) (VP said (PP-TMP in (NP May)) (SBAR that (S (NP-SBJ an internal audit) (VP had (VP disclosed (SBAR that (S (NP-SBJ-1 (QP at least one) vendor) (VP had (VP used (NP false invoices) (S-CLR (NP-SBJ *-1) (VP to (VP fund (NP political causes))))))))))))) .)) (TOP (S But (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-1 the political contributions) (VP had (VP been (VP made (NP *-1) (ADVP-TMP (NP (QP more than five) years) ago))))))) .)) (TOP (S (NP-SBJ-1 Exxon Corp.) (VP is (VP resigning (PP-CLR from (NP (NP the National Wildlife Federation 's) corporate advisory panel)) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ the conservation group) (VP has (VP been (ADJP-PRD unfairly critical (PP of (NP (NP the Exxon Valdez oil spill) (PP-LOC along (NP the Alaskan coast))))))))))))) .)) (TOP (S (NP-SBJ The federation) (VP (VP said (NP-TMP Friday) (SBAR that (S (NP-SBJ it) (VP regrets (NP the resignation))))) , but (VP issued (NP (NP a stinging response) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP called (S (NP-SBJ Exxon) (NP-PRD (NP a `` corporate pariah '') (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP should (VP keep (NP an open dialogue) (PP-CLR with (NP environmentalists)))))))))))))) .)) (TOP (S (NP-SBJ The federation) , (PP with (NP (NP (QP 5.8 million) members) (ADVP-LOC nationwide))) , (VP (VP has (VP been (NP-PRD (NP one) (PP of (NP (NP the sharpest critics) (PP of (NP (NP (NP Exxon 's) handling) (PP of (NP the (ADJP (QP 11 million) gallon) tanker spill))))))))) and (VP has (VP accused (NP-1 the company) (PP-CLR of (S-NOM (NP-SBJ *-1) (ADVP-TMP repeatedly) (VP ignoring (NP requests (S (NP-SBJ *) (VP to (VP meet and discuss (NP it))))))))))) .)) (TOP (S (NP-SBJ The March 24 oil spill) (VP (VP soiled (NP (NP hundreds) (PP of (NP (NP miles) (PP of (NP (NP shoreline) (PP-LOC along (NP (NP Alaska 's) southern coast)))))))) and (VP wreaked (NP havoc) (PP-CLR with (NP (NP wildlife) and (NP the fishing industry))))) .)) (TOP (S (NP-SBJ (NP Exxon 's) Exxon USA unit) (VP was (NP-PRD (NP one) (PP of (NP (NP the charter members) (PP of (NP (NP the Corporate Conservation Council) , (NP (NP a panel) (PP of (NP executives)) (VP formed (NP-1 *) (PP-TMP in (NP 1982)) (PP by (NP-LGS the National Wildlife Federation)) (S-CLR (NP-SBJ *-1) (VP to (VP foster (NP `` (NP frank and open discussions) '' (PP between (NP (NP industry) and (NP (NP the federation 's) leaders))))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a letter) (PP to (NP the federation)))) , (NP-SBJ (NP Raymond Campion) , (NP (NP Exxon 's) environmental coordinator) ,) (VP said : `` (S (NP-SBJ-1 (NP Recent public actions) (PP by (NP you)) (VP regarding (NP the Valdez oil spill))) (VP have (VP failed (S (NP-SBJ *-1) (VP to (VP demonstrate (NP (NP any sense) (PP of (NP objectivity or fairness)))))))))) . '')) (TOP (S (NP-SBJ The federation) (VP was (PP-LOC-PRD among (NP the plaintiffs)) (PP-LOC in (NP (NP a lawsuit) (VP filed (NP *) (PP-TMP in (NP August)) (PP-CLR against (NP Exxon))) (VP seeking (NP (NP full payment) (PP of (NP (NP environmental recovery costs) (PP from (NP the spill))))))))) .)) (TOP (S (NP-SBJ First Tennessee National Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP take (NP a (ADJP (QP $ 4 million) *U*) charge) (PP-TMP in (NP the fourth quarter)) , (PP-PRP as (NP (NP a result) (PP of (NP plans (S (NP-SBJ *) (VP to (VP expand (NP its systems operation))))))))))))) .)) (TOP (S (NP-SBJ The banking company) (VP said (SBAR 0 (S (NP-SBJ it) (VP reached (NP (NP an agreement) (PP in (NP principle)) (PP with (NP International Business Machines Corp.)) (PP on (NP (NP a systems operations contract) (VP calling (SBAR for (S (NP-SBJ IBM) (VP to (VP operate (NP (NP First Tennessee 's) computer and telecommunications functions))))))))))))) .)) (TOP (S (ADVP Further) , (PP-LOC under (NP the agreement)) , (NP-SBJ-2 First Tennesse) (VP would (VP continue (S (NP-SBJ *-2) (VP to (VP develop (NP (NP the software) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP creates (NP customer products and sevices)))))))))) .)) (TOP (S `` (SBAR-PRP Because (S (NP-SBJ personal computers) (VP will (ADVP-TMP soon) (VP be (PP-LOC-PRD on (NP (NP the desks) (PP of (NP (NP all) (PP of (NP our (NX (NX tellers) , and (NX customer service and loan representatives)))))))))))) , (NP-SBJ-1 information) (VP will (VP be (ADJP-PRD instantly available (S (NP-SBJ *-1) (VP to (VP (VP help (NP customers) (PP-CLR with (NP product decisions))) and (VP provide (NP them) (PP-CLR with (NP (NP information) (PP about (NP their accounts))))))))) , '' (PP according (PP to (NP (NP John Kelley) , (NP (NP (NP executive vice president) (PP-LOC *RNR*-2)) and (NP (NP corporate services group manager) (PP-LOC *RNR*-2)) (PP-LOC-2 at (NP First Tennessee)))))))) .)) (TOP (S (ADVP However) , (NP-SBJ-1 (QP about 120) employees) (VP will (VP be (VP affected (NP *-1) (PP by (NP-LGS the agreement))))) .)) (TOP (S (NP-SBJ-1 First Tennessee) , (S-ADV (NP-SBJ-2 *-1) (VP assisted (NP *-2) (PP by (NP-LGS IBM)))) , (VP said (SBAR 0 (S (NP-SBJ-3 it) (VP will (VP attempt (S (NP-SBJ *-3) (VP to (VP place (NP the employees) (PP-CLR within (NP (NP the company) , (NP IBM) or (NP (NP other companies) (PP-LOC in (NP Memphis))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The process) (VP will (VP take (NP (QP as many as six) months) (S-CLR (NP-SBJ *) (VP to (VP complete)))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The agreement) (VP is (ADJP-PRD subject (PP to (NP (NP (NP the banking company 's) board approval) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP expected (NP *-1) (NP-TMP next month))))))))) .)) (TOP (S (NP-SBJ The Treasury Department) (VP said (SBAR 0 (S (NP-SBJ the U.S. trade deficit) (VP may (VP worsen (NP-TMP next year) , (PP-TMP after (NP (NP two years) (PP of (NP significant improvement))))))))) .)) (TOP (S (PP-LOC In (NP (NP its report) (PP to (NP Congress)) (PP on (NP international economic policies)))) , (NP-SBJ the Treasury) (VP said (SBAR that (S (S (NP-SBJ-1 (NP any improvement) (PP-LOC in (NP (NP the broadest measure) (PP of (NP trade)) , (VP known (NP *) (PP-CLR as (NP the current account))) ,))) `` (VP is (ADJP-PRD likely (ADVP at best) (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD very modest))))))) , '' and `` (S (NP-SBJ-2 (NP the possibility) (PP of (NP (NP deterioration) (PP-LOC in (NP the current account)) (NP-TMP next year)))) (VP can not (VP be (VP excluded (NP *-2)))))))) . '')) (TOP (S (NP-SBJ The statement) (VP was (NP-PRD (NP (NP the U.S. government 's) first acknowledgement) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP other groups) , (PP such as (NP the International Monetary Fund)) ,) (VP have (VP been (VP predicting (NP *T*-1) (PP-TMP for (NP months)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Continued strength) (PP-LOC in (NP the dollar))) (VP was (VP cited (NP *-1) (PP-CLR as (NP (NP one reason) (SBAR (WHADVP-2 0) (S (NP-SBJ the trade position) (VP may (VP deteriorate (ADVP-PRP *T*-2))))))))) .)) (TOP (S (NP-SBJ (NP (NP The Treasury 's) report) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP required (NP *-1) (ADVP-TMP annually) (PP by (NP-LGS (NP a provision) (PP of (NP the 1988 trade act)))))))) ,) (ADVP-TMP again) (VP took (NP South Korea) (PP-CLR to (NP task)) (PP-PRP for (NP its exchange-rate policies))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP believe (SBAR that (S (NP-SBJ-3 there) (VP have (VP continued (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP indications) (PP of (NP exchange-rate ` manipulation ')))))) '' (PP-TMP during (NP the past six months)))))))) , (NP-SBJ-1 it) (VP said (SBAR 0 (S *T*-2)) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP (NP the lack) (PP of (NP (NP market forces) (PP-LOC in (NP (NP South Korea 's) exchange-rate system))))) and (NP (NP the use (S *ICH*-4)) (PP of (NP capital and interest-rate controls)) (S-4 (NP-SBJ *) (VP to (VP manipulate (NP exchange rates))))))))) .)) (TOP (S (NP-SBJ The Treasury) (VP expressed (NP (NP pleasure) (PRN , (ADVP however) ,) (PP with (NP (NP the government) (PP of (NP Taiwan)) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP cited (NP *-1) (PP-CLR for (NP exchange-rate manipulation)) (PP-TMP in (NP (NP last year 's) report)))))))))) .)) (TOP (S (NP-SBJ The Treasury) (VP said (SBAR 0 (S (NP-SBJ Taiwan) (VP has (VP liberalized (NP its exchange rate system) (PP-TMP in (NP the past year))))))) .)) (TOP (S (NP-SBJ The fiscal 1989 budget deficit figure) (VP came (ADVP-CLR out) (NP-TMP Friday)) .)) (TOP (S (NP-SBJ It) (VP was (ADVP-PRD down (NP a little))) .)) (TOP (S (NP-TMP (NP The next time) (SBAR (WHADVP-2 0) (S (NP-SBJ you) (VP hear (S (NP-SBJ (NP a Member) (PP of (NP Congress))) (VP moan (PP-CLR about (NP the deficit)))) (ADVP-TMP *T*-2))))) , (NP-SBJ *) (VP consider (SBAR-NOM (WHNP-1 what) (S (NP-SBJ Congress) (VP did (NP *T*-1) (NP-TMP Friday))))) .)) (TOP (S (NP-SBJ-1 The Senate) , (VP (ADVP-MNR 84-6) , voted (S (NP-SBJ *-1) (VP to (VP increase (PP-DIR to (NP $ 124,000 *U*)) (NP (NP the ceiling) (PP-LOC on (NP (NP insured mortgages) (PP from (NP (NP the FHA) , (SBAR (WHNP-7 which) (S (NP-SBJ *T*-7) (VP lost (NP (NP (QP $ 4.2 billion) *U*) (PP in (NP loan defaults))) (NP-TMP last year))))))))))))) .)) (TOP (S Then , (PP-MNR by (NP voice vote)) , (NP-SBJ the Senate) (VP voted (NP (NP a pork-barrel bill) , (VP approved (NP *) (NP-TMP Thursday) (PP by (NP-LGS the House))) , (PP for (NP domestic military construction)))) .)) (TOP (S (NP-SBJ *) (VP Compare (NP the Bush request) (PP-CLR to (SBAR-NOM (WHNP-1 what) (S (NP-SBJ the Senators) (VP gave (NP themselves) (NP *T*-1)))))) :)) (TOP (S (S (PP For (NP (NP construction) (PP-LOC in (NP West Virginia)))) , (NP-SBJ Mr. Bush) (VP requested (NP (QP $ 4.5 million) *U*))) ; (S (NP-SBJ Congress) (VP gave (NP (NP Senator Byrd 's) state) (NP (QP $ 21.5 million) *U*))) .)) (TOP (S (NP-SBJ Senator Byrd) (VP is (NP-PRD (NP chairman) (PP of (NP the Appropriations Committee)))) .)) (TOP (S (PP For (NP Iowa)) , (NP-SBJ a (ADJP (QP $ 1.8 million) *U*) request) (VP became (NP-PRD (NP (QP $ 12 million) *U*) (PP for (NP (NP Senator Grassley) , (NP (NP ranking minority member) (PP of (NP a military construction subcommittee))))))) .)) (TOP (S (NP-SBJ (NP Rep. Jamie Whitten) (UCP (PP of (NP Mississippi)) and (NP (NP chairman) (PP of (NP House Appropriations))))) (VP turned (NP (NP a (ADJP (QP $ 20 million) *U*) Bush request) (PP for (NP his state))) (PP-CLR into (NP a (ADJP (QP $ 49.7 million) *U*) bequest))) .)) (TOP (S (S (NP-SBJ (NP Senator Sasser) (PP of (NP Tennessee))) (VP is (NP-PRD (NP chairman) (PP of (NP (NP the Appropriations subcommittee) (PP on (NP military construction))))))) ; (S (NP-SBJ (NP (NP Mr. Bush 's) (ADJP (QP $ 87 million) *U*) request) (PP for (NP Tennessee))) (VP increased (PP-DIR to (NP (QP $ 109 million) *U*)))) .)) (TOP (S (PP-LOC In (NP (NP a remark) (SBAR (WHNP-1 0) (S (NP-SBJ someone) (VP should (VP remember (NP *T*-1) (NP-TMP (NP this time) (NP-TMP next year)))))))) , (NP-SBJ Senator Sasser) (VP said , `` (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ we) (VP 've (VP seen (NP (NP the peak) (PP of (NP military construction spending)) (PP-TMP for (NP (NP many years) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP come)))))))))))))) . '')) (TOP (S (NP-SBJ *) (VP Tell (NP us) (PP-CLR about (NP spending restraint))) .)) (TOP (S (NP-SBJ *) (VP Tell (NP us) (PP-CLR about (NP the HUD scandals))) .)) (TOP (S (NP-SBJ *) (VP Tell (NP us) (SBAR (WHNP-1 what measure) , (S (S-ADV (NP-SBJ *-2) (ADJP-PRD short (PP of (NP house arrest)))) , (NP-SBJ-2 *T*-1) (VP will (VP get (NP this Congress) (PP-CLR under (NP control))))))) .)) (TOP (S (NP-SBJ Costa Rica) (VP reached (NP (NP an agreement) (SBAR *ICH*-1)) (PP with (NP its creditor banks)) (SBAR-1 (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP is (VP expected (S (NP-SBJ *-3) (VP to (VP cut (NP (NP (NP that government 's) (QP $ 1.8 billion) *U*) (PP in (NP bank debt))) (PP-MNR by (NP (QP as much as 60) %)))))))))) .)) (TOP (S (NP-SBJ-1 The agreement) (VP was (VP announced (NP *-1) (PP by (NP-LGS Costa Rican President Oscar Arias)) (NP-TMP Friday) , (SBAR-TMP as (S (NP-SBJ (NP President Bush) and (NP (NP other leaders) (PP from (NP the Western Hemisphere)))) (VP gathered (PP-LOC in (NP the Central American nation)) (PP-PRP for (NP (NP a celebration) (PP of (NP democracy))))))))) .)) (TOP (S (S (NP-SBJ Costa Rica) (VP had (VP been (VP negotiating (PP-CLR with (NP (NP the U.S.) and (NP other banks))) (PP-TMP for (NP three years)))))) , but (S (NP-SBJ-1 the debt plan) (VP was (VP rushed (NP *-1) (PP-CLR to (NP completion)) (SBAR-PRP in order (S (NP-SBJ-2 *) (VP to (VP be (VP announced (NP *-2) (PP-LOC at (NP the meeting)))))))))) .)) (TOP (S (NP-SBJ The government) (VP had (VP fallen (ADVP-CLR (NP (QP $ 300 million) *U*) behind) (PP-LOC in (NP interest payments)))) .)) (TOP (S (NP-SBJ-1 Treasury Secretary Nicholas Brady) (VP called (S (NP-SBJ the agreement) `` (NP-PRD (NP an important step forward) (PP-LOC in (NP the strengthened debt strategy)))) , '' (S-ADV (NP-SBJ *-1) (VP noting (SBAR that (S (NP-SBJ-3 it) (VP will `` (SBAR-TMP (WHADVP when) (S (NP-SBJ-2 *-3) (VP implemented (NP *-2)))) , (VP provide (NP (NP significant reduction) (PP-LOC in (NP (NP the level) (PP of (NP (NP (NP debt) and (NP debt service)) (VP owed (NP *) (PP by (NP-LGS Costa Rica))))))))))))))) . '')) (TOP (S (PP-LOC Under (NP the plan)) , (NP-SBJ Costa Rica) (VP will (VP buy (PRT back) (NP (NP (QP roughly 60) %) (PP of (NP (NP its bank debt) (ADJP outstanding)))) (PP-CLR at (NP a (ADJP deeply discounted) price)) , (PP according (PP to (NP (NP officials) (VP involved (NP *) (PP-CLR in (NP the agreement)))))))) .)) (TOP (S (NP-SBJ-1 (NP The remainder) (PP of (NP the debt))) (VP will (VP be (VP exchanged (NP *-1) (PP-CLR for (NP (NP new (ADJP Costa Rican) bonds) (PP with (NP a (ADJP (QP 6 1) %) interest rate))))))) .)) (TOP (S (S (NP-SBJ-2 (NP The International Monetary Fund) and (NP the World Bank)) (VP are (VP expected (S (NP-SBJ-3 *-2) (VP to (VP provide (NP (QP approximately $ 180 million) *U*) (S-PRP (NP-SBJ-4 *-3) (VP to (VP help (S (NP-SBJ *-4) (VP support (NP the deal)))))))))))) , and (S (NP-SBJ-1 (NP additional funds) (PP *ICH*-5)) (VP are (VP expected (NP *-1) (PP-5 from (NP Japan))))) .)) (TOP (S (NP-SBJ Treasury officials) (VP say (SBAR 0 (S (NP-SBJ the Costa Rican agreement) (VP demonstrates (SBAR that (S (NP-SBJ the Brady debt plan) (VP can (VP benefit (NP (NP small debtor countries) (CONJP as well as) (NP (NP big debtors) , (PP such as (NP Mexico)))))))))))) .)) (TOP (S (NP-SBJ The Treasury) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP sell (NP (NP (QP $ 2 billion) *U*) (PP of (NP 51-day cash-management bills))) (NP-TMP today) , (S-ADV (NP-SBJ *-2) (VP raising (NP all new cash)))))))))) .)) (TOP (S (NP-SBJ-1 The bills) (VP (VP will (VP be (VP dated (NP *-1) (NP Oct. 31)))) and (VP will (VP mature (NP-TMP Dec. 21)))) ,)) (TOP (S (NP-SBJ-1 No non-competitive tenders) (VP will (VP be (VP accepted (NP *-1)))) .)) (TOP (S (NP-SBJ-1 (NP Tenders) , (ADJP available (PP in (NP (NP minimum denominations) (PP of (NP (QP $ 1 million) *U*))))) ,) (VP must (VP be (VP received (NP *-1) (PP-TMP by (NP noon EST)) (NP-TMP today) (PP-LOC at (NP (NP Federal Reserve Banks) or (NP branches)))))) .)) (TOP (S (NP-SBJ The Treasury) (ADVP also) (VP announced (NP (NP details) (PP of (NP (NP (NP this week 's) unusual bill auction) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP has (VP been (VP changed (NP-3 *-2) (S-PRP (NP-SBJ *-3) (VP to (VP accommodate (NP (NP the expiration) (PP of (NP the federal debt ceiling)) (PP-TMP at (NP midnight)) (NP-TMP tomorrow)))))))))))))) .)) (TOP (S (NP-SBJ-1 The 13-week and 27-week bills) (VP will (VP be (VP issued (NP *-1) (NP-TMP (NP tomorrow) (PP rather than (NP (NP Thursday) , (NP Nov. 2) , (SBAR as (S (NP-SBJ-2 *) (ADVP-TMP originally) (VP planned (NP *-2)))))))))) .)) (TOP (S (S (NP-SBJ-2 The three-month bills) (VP will (ADVP-TMP still) (VP mature (NP-TMP-1 Feb. 1 , 1990)))) , and (S (NP-SBJ=2 the six-month bills) (PP-TMP=1 on (NP May 3 , 1990))) .)) (TOP (S (NP-SBJ The Treasury) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 noncompetitive tenders) (VP will (VP be (VP considered (S (NP-SBJ *-1) (ADJP-PRD timely)) (SBAR-ADV if (S (NP-SBJ-2 *-1) (VP (VP postmarked (NP *-2) (ADVP-TMP (ADVP no later) (PP than (NP (NP Sunday) , (NP Oct. 29) ,)))) and (VP received (ADVP-TMP (ADVP no later) (PP than (NP tomorrow))))))))))))) .)) (TOP (S (NP-SBJ The Treasury) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP wo n't (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP honor (NP (NP reinvestment requests) (PP from (NP (NP holders) (PP of (NP (NP bills) (VP maturing (NP-TMP Nov. 2)) (VP held (NP *) (PP-LOC in (NP (NP the Treasury 's) book-entry system))))))))))))))))) .)) (TOP (S (NP-SBJ The department) (VP will (VP make (NP (NP payment) (PP for (NP (NP bills) (VP maturing (PP-TMP on (NP Nov. 2)))))) (PP-CLR (PP to (NP (NP all investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP requested (NP (NP reinvestment) (PP of (NP their bills)) (PP-TMP on (NP that date))))))))) , (CONJP as well as) (PP to (NP (NP all account holders) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP have (ADVP-TMP previously) (VP requested (NP payment)))))))))) .)) (TOP (S (NP-SBJ American Pioneer Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (PP in (NP principle)) (S (NP-SBJ *-1) (VP to (VP sell (NP its American Pioneer Life Insurance Co. subsidiary) (PP-DTV to (NP (NP Harcourt Brace Jovanovich Inc. 's) HBJ Insurance Cos.)) (PP-CLR for (NP (QP $ 27 million) *U*))))))))) .)) (TOP (S (NP-SBJ (NP American Pioneer) , (NP (NP parent) (PP of (NP American Pioneer Savings Bank))) ,) (VP said (SBAR 0 (S (NP-SBJ the sale) (VP will (VP (VP add (NP capital)) and (VP reduce (NP (NP the level) (PP of (NP (NP investments) (PP-LOC in (NP subsidiaries)))))) (PP for (NP the thrift holding company))))))) .)) (TOP (S (ADVP-TMP Recently) , (NP-SBJ-1 (NP the boards) (PP of (NP both (NP the parent company) and (NP the thrift)))) (ADVP also) (VP voted (S (NP-SBJ *-1) (VP to (VP (VP suspend (NP (NP dividends) (PP-LOC on (NP (NP preferred shares) (PP of (NP both companies)))))) and (VP convert (NP all preferred) (PP-CLR into (NP common shares))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 the move) (VP was (ADJP-PRD necessary) (S-PRP (NP-SBJ *-1) (VP to (VP meet (NP capital requirements)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The transaction) (VP is (ADJP-PRD subject (PP to (NP (NP (NP execution) (PP of (NP a definitive purchase agreement))) and (NP (NP approval) (PP by (NP (NP various regulatory agencies) , (PP including (NP (NP the insurance departments) (PP of (NP (NP the states) (PP of (NP Florida and Indiana)))))))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP In (NP the second quarter)) , (NP-SBJ American Pioneer) (VP reported (NP (NP a loss) (PP of (NP (QP $ 7.3 million) *U*)) , (PP compared (PP with (NP (NP net income) (PP of (NP (QP $ 1.1 million) *U*)) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ The banking operation) (VP had (NP (NP a loss) (PP of (NP (QP $ 8.7 million) *U*))) (PP-TMP in (NP the second quarter)) , (PP-PRP (ADVP largely) because of (NP problem real-estate loans)) , (SBAR-ADV while (S (NP-SBJ the insurance operations) (VP earned (NP $ 884,000 *U*))))) .)) (TOP (S (NP-SBJ-1 October employment data) -- (ADVP also) (VP could (VP turn (PRT out) (S (NP-SBJ *-1) (VP to (VP be (NP-PRD the (ADJP most confusing))))))) .)) (TOP (S (PP-LOC On (NP the surface)) , (NP-SBJ-1 the overall unemployment rate) (VP is (VP expected (S (NP-SBJ-2 *-1) (VP to (VP be (VP (ADVP-MNR little) changed (NP *-2) (PP-CLR from (NP (NP September 's) 5.3 %)))))))) .)) (TOP (S (S-TPC-2 But (NP-SBJ-3 (NP the actual head count) (PP of (NP non-farm employment payroll jobs))) (VP is (ADJP-PRD likely (S (NP-SBJ-1 *-3) (VP to (VP be (VP muddied (NP *-1) (PP by (NP-LGS (NP the impact) (PP of (NP (NP Hurricane Hugo) , (NP strikes) , and (NP less-than-perfect seasonal adjustments)))))))))))) , (NP-SBJ economists) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The consensus view) (VP calls (PP-CLR for (NP (NP an overall job gain) (PP of (NP 155,000)) (PP compared (PP with (NP (NP September 's) 209,000 increase)))))) .)) (TOP (S But (NP-SBJ-3 (NP the important factory-jobs segment) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (NP-TMP last month) (VP (VP plunged (PP-EXT by (NP 103,000 positions))) and (VP raised (NP recession fears))))) ,) (VP is (ADJP-PRD most likely (S (NP-SBJ-1 *-3) (VP to (VP be (VP skewed (NP *-1) (PP by (NP-LGS (NP the month 's) unusual events)))))))) .)) (TOP (S (NP-SBJ (NP Several other reports) (PP *ICH*-1)) (VP come (PP-TMP before (NP (NP Friday 's) jobs data)) , (PP-1 including : (NP (NP (NP (NP the September leading indicators index) , (NP new-home sales) and (NP October agricultural prices reports)) (ADJP due (ADVP out) (NP-TMP tomorrow))) ; (NP (NP (NP (NP the October purchasing managers ') index) and (NP September (NX (NX construction spending) and (NX (NP manufacturers ') orders)))) (PP-TMP on (NP Wednesday))) ; and (NP (NP October chain-store sales) (PP-TMP on (NP Thursday)))))) .)) (TOP (S (NP-SBJ Friday) (VP brings (NP (NP the final count) (PP on (NP October auto sales)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 The employment report) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD difficult (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP interpret (NP *T*-3)))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Michael Englund) , (NP (NP economist) (PP with (NP (NP MMS International) , (NP (NP a unit) (PP of (NP (NP McGraw-Hill Inc.) , (NP-LOC New York)))))))) .)) (TOP (S (NP-SBJ Mr. Englund) (VP added (SBAR that (S (NP-SBJ-2 (NP next month 's) data) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD much better))))) , (SBAR-PRP because (S (NP-SBJ-1 it) (VP will (VP be (VP distorted (NP *-1) (PP by (NP-LGS (NP San Francisco 's) earthquake))))))))))) .)) (TOP (S (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (NP-PRD more)))) , (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ (NP seasonal swings) (PP-LOC in (NP the auto industry))) (NP-TMP this year) (VP are n't (VP occurring (PP-TMP at (NP (NP the same time) (PP as (PP in (NP the past))))) , (PP-PRP because of (NP (NP production and pricing differences) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP are (VP curbing (NP (NP the accuracy) (PP of (NP (NP seasonal adjustments) (VP built (NP *) (PP-CLR into (NP the employment data))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Wednesday 's) report) (PP from (NP the purchasing agents))) (VP will (VP be (VP watched (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP see (SBAR if (S (NP-SBJ the index) (VP maintains (NP (NP a level) (PP-LOC below (NP 50 %))) , (SBAR-ADV as (S (NP-SBJ it) (VP has (VP *?* (PP-TMP for (NP (NP the past couple) (PP of (NP months))))))))))))))))) .)) (TOP (S (NP-SBJ (NP A reading) (PP of (NP (QP less than 50) %))) (VP indicates (NP (NP an economy) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADVP generally) (VP contracting))))) (SBAR-ADV while (S (NP-SBJ (NP a reading) (PP-LOC above (NP 50 %))) (VP indicates (NP (NP an economy) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP 's (VP expanding))))))))) .)) (TOP (S (NP-SBJ (NP Samuel D. Kahan) , (NP (NP chief financial economist) (PP-LOC at (NP (NP Kleinwort Benson Government Securities Inc.) , (NP-LOC Chicago)))) ,) (VP said (SBAR that (S (NP-SBJ (NP the purchasers ') report) (VP is (ADJP-PRD valuable) (SBAR-PRP because (S (NP-SBJ it) (ADVP-TMP often) (VP presents (NP (NP the first inkling) (PP of (NP (NP economic data) (PP for (NP the month)))))))))))) .)) (TOP (S But (NP-SBJ he) (VP added : `` (S (S (NP-SBJ Some people) (VP use (NP (NP the purchasers ') index) (PP-CLR as (NP a leading indicator)))) , (S (NP-SBJ some) (VP use (NP it) (PP-CLR as (NP a coincident indicator)))))) .)) (TOP (S But (NP-TPC-3 (NP the thing) (SBAR (WHNP-1 0) (S (NP-SBJ-2 it) (VP 's (VP supposed (S (NP-SBJ *-2) (VP to (VP measure (NP *T*-1)))))))) (PRN -- (NP manufacturing strength) --)) (NP-SBJ it) (VP missed (NP *-3) (ADVP-MNR altogether) (NP-TMP last month)) . '')) (TOP (S (NP-SBJ-1 (NP David Wyss) , (NP (NP chief financial economist) (PP-LOC at (NP (NP Data Resources Inc.) , (NP-LOC Boston) ,)))) (VP said (SBAR that (S (NP-SBJ (NP the purchasers ') index) `` (VP does (VP miss (ADVP-TMP occasionally))))) , '' (S-ADV (NP-SBJ *-1) (VP adding : `` (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ it) (VP misses (NP one month) (ADVP-TMP *T*-2)))) (NP-SBJ-3 it) (VP tends (S (NP-SBJ *-3) (VP to (VP miss (NP the next month) , (ADVP too))))))))) . '')) (TOP (S (NP-SBJ (NP The consensus view) (PP on (NP September leading indicators))) (VP calls (PP-CLR for (NP (NP (NP a gain) (PP of (NP 0.3 %))) , (NP (NP the same) (PP as (PP-TMP in (NP August))))))) .)) (TOP (S (NP-SBJ Economists) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (ADJP greatly increased) consumer optimism) , (NP a larger money supply) and (NP higher stock prices)) (VP helped (S (NP-SBJ *-1) (VP lift (NP the index))))))) .)) (TOP (S (NP-SBJ-1 (NP All orders-related components) , (PP such as (NP (NP consumer-goods orders) and (NP building permits))) ,) (VP are (VP thought (S (NP-SBJ *-1) (VP to (VP have (VP been (ADJP-PRD weaker))))))) .)) (TOP (S (NP-SBJ (NP Data Resources ') Mr. Wyss) (VP added (SBAR that (S (NP-SBJ he) (VP will (VP be (VP keeping (NP-CLR (NP a closer eye) (PP than (ADJP ususal))) (PP-CLR on (NP October chain-store sales)))))))) .)) (TOP (S (S-TPC-2 (ADVP-TMP Usually) , (NP-SBJ October) `` (VP is n't (NP-PRD a (ADJP very interesting) month) -LCB- (PP for (NP retail figures)) -RCB- (SBAR-PRP because (S (S (NP-SBJ-1 school clothes) (VP have (VP been (VP bought (NP *-1))))) and (S (NP-SBJ-3 people) (VP are (VP waiting (PP-CLR for (NP December)) (S-CLR (NP-SBJ *-3) (VP to (VP buy (NP Christmas presents))))))))))) , '' (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S But (NP-SBJ Mr. Wyss) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP will (VP watch (NP the numbers) (S-PRP (NP-SBJ *-1) (VP to (VP get (NP (NP an inkling) (PP of (SBAR whether (S (NP-SBJ (NP consumers ') general buying habits) (VP may (VP slack (ADVP-CLR off) (ADVP (ADVP as much) (SBAR as (S (NP-SBJ their auto-buying) (ADVP apparently) (VP has (VP *?*))))))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP noted (SBAR that (S (NP-SBJ-1 higher gasoline prices) (VP will (VP help (S (NP-SBJ *-1) (VP buoy (NP the October totals)))))))) .)) (TOP (S (NP-SBJ-2 Seasonal factors) (VP are (ADVP also) (VP expected (S (NP-SBJ *-2) (VP to (VP have (VP taken (NP-CLR their toll) (PP-CLR on (NP (NP September new-home sales) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP are (VP believed (S (NP-SBJ *-3) (VP to (VP have (VP fallen (ADVP-MNR sharply) (PP-DIR from (NP (NP August 's) 755,000 units)))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Construction spending) (VP is (VP believed (S (NP-SBJ *-1) (VP to (VP have (VP slipped (NP-EXT (QP about 0.5) %) (PP-DIR from (NP August levels)))))) , (SBAR-ADV although (S (NP-SBJ economists) (VP noted (SBAR 0 (S (NP-SBJ the rate) (ADVP probably) (VP will (VP pick (ADVP-CLR up) (PP-TMP in (NP (NP the months) (ADVP-LOC ahead))) (PP in (NP (NP response) (PP to (NP hurricane and earthquake damage))))))))))))) .)) (TOP (S-1 (S (NP-SBJ Factory owners) (VP are (VP buying (NP new machinery) (PP at (NP a good rate)) (NP-TMP this fall)))) (PRN , (S (NP-SBJ machine tool makers) (VP say (SBAR 0 (S *T*-1)))) ,) but (S (NP-SBJ (NP sluggish sales) (PP of (NP new cars and trucks))) (VP raise (NP (NP questions) (PP about (NP (NP fourth-quarter demand) (PP from (NP the important automotive industry))))))) .)) (TOP (S (NP-SBJ (NP September orders) (PP for (NP machine tools))) (VP (VP rebounded (PP-DIR from (NP the summer doldrums))) , but (VP remained (PP-LOC-PRD (NP-ADV 7.7 %) below (NP year-earlier levels))) , (PP according (PP to (NP (NP figures) (PP from (NP (NP NMTBA) -- (NP (NP the Association) (PP for (NP Manufacturing Technology))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Domestic machine tool plants) (VP received (NP (NP (QP $ 303 million) *U*) (PP of (NP orders))) (NP-TMP last month) , (UCP (ADVP up (NP 33 %) (PP from (NP (NP August 's) (QP $ 227.1 million) *U*))) , but (ADVP still) (PP-LOC below (NP (NP the (QP $ 328.2 million) *U*) (PP of (NP September 1988))))))) , (NP-SBJ NMTBA) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Machine tools) (VP are (NP-PRD (NP complex machines) (VP ranging (PP-CLR (PP from (NP lathes)) (PP to (NP (NP metal-forming presses) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP are (VP used (S-CLR (NP-SBJ *-2) (VP to (VP shape (NP most metal parts)))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Overall demand) (ADVP-TMP still) (VP is (ADJP-PRD very respectable))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Christopher C. Cole) , (NP (NP group vice president) (PP-LOC at (NP (NP Cincinnati Milacron Inc.) , (NP (NP the nation 's) largest machine tool producer))))) .)) (TOP (S `` (NP-SBJ (NP The outlook) (PP *ICH*-1)) (VP is (ADJP-PRD positive) (PP-1 for (NP the (ADJP intermediate to long) term))) . '')) (TOP (S (NP-SBJ (NP September orders) (PP for (NP all U.S. producers))) , (PP in (NP fact)) , (VP were (PP-PRD (ADVP slightly) above (NP (NP the monthly average) (PP for (NP (NP 1988) , (NP (NP a good year) (PP for (NP the industry)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Aerospace orders) (VP are (ADJP-PRD very good))) , '' (NP-SBJ Mr. Cole) (VP says (S *T*-1)) .)) (TOP (S `` And (NP-SBJ export business) (VP is (ADVP-TMP still) (ADJP-PRD good)) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 some automotive programs) (VP have (VP been (VP delayed (NP *-1)))))) , (NP-SBJ-2 they) (VP have n't (VP been (VP canceled (NP *-2)))) . '')) (TOP (SINV `` (S-TPC-1 (NP-SBJ September) (VP was (NP-PRD (NP one) (PP of (NP (NP the biggest order months) (PP-LOC in (NP our history))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP James R. Roberts) , (NP (NP vice president) (PRN , (NP world-wide sales and marketing) ,) (PP for (NP (NP Giddings & Lewis Inc.) , (NP-LOC (NP Fond du Lac) , (NP Wis)))))) .)) (TOP (S (S-TPC-2 (PP-LOC At (NP (NP a recent meeting) (PP of (NP manufacturing executives)))) , `` (NP-SBJ (NP everybody) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP talked (PP-CLR with (NP *T*-1)))))) (VP was (ADJP-PRD very positive))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Most) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP plan (S (NP-SBJ *-1) (VP to (VP spend (NP (NP more) (PP *ICH*-2)) (PP-CLR on (NP factory equipment)) (PP-TMP in (NP 1990)) (PP-2 than (PP-TMP in (NP 1989)))))))))) .)) (TOP (S But (NP-SBJ (NP sales) (PP of (NP (ADJP North American-made) 1990-model cars))) (VP are (VP running (PP-CLR at (NP (NP an annual rate) (PP of (NP (QP only six million))))) , (ADVP down (PP from (NP 7.1 million) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S And (NP-SBJ truck sales) (ADVP also) (VP are (ADVP-PRD off (NP (QP more than 20) %))) .)) (TOP (S (S-TPC-4 (NP-SBJ-3 (NP Auto makers) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP began (S (NP-SBJ *-2) (VP deferring (NP some equipment purchases))) (NP-TMP last spring)))) ,) (VP can (VP be (VP expected (S (NP-SBJ *-3) (VP to (VP remain (ADJP-PRD cautious (PP about (NP spending)))))) (SBAR-ADV if (S (NP-SBJ their sales) (VP do n't (VP pick (ADVP-CLR up))))))))) , (NP-SBJ machine tool builders) (VP say (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ Machine tool executives) (VP are (ADJP-PRD hopeful (PRN , (ADVP however) ,) (SBAR that (S (NP-SBJ (NP recent developments) (PP-LOC in (NP Eastern Europe))) (VP will (VP expand (NP (NP markets) (PP for (NP U.S.-made machine tools)) (PP-LOC in (NP that region))))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP demand) (PP for (NP state-of-the-art machine tools))) (PP-LOC (PP in (NP the Soviet Union)) and (PP in (NP other Eastern European countries))) (SBAR-TMP as (S (NP-SBJ-1 those nations) (VP strive (S (NP-SBJ *-1) (VP to (VP improve (NP (NP (NP the efficiency) (PP of (NP their ailing factories))) (CONJP as well as) (NP (NP the quality) (PP of (NP their goods))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ there) (VP 's (NP-PRD (NP a continuing dispute) (PP between (NP (NP machine tool makers) and (NP the Defense Department))) (PP over (SBAR whether (S (NP-SBJ sophisticated U.S. machine tools) (VP would (VP increase (NP (NP the Soviet Union 's) military might)))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ The Commerce Department) (VP says (S (NP-SBJ *) (VP go)))) , and (S (NP-SBJ the Defense Department) (VP says (S (NP-SBJ *) (VP stop))))) , '' (VP complains (S *T*-1)) (NP-SBJ one machine tool producer) .)) (TOP (S-2 (SBAR-ADV If (S (NP-SBJ that controversy) (VP continues))) (PRN , (NP-SBJ U.S. machine tool makers) (VP say (SBAR 0 (S *T*-2))) ,) (NP-SBJ-1 (ADJP (ADJP West German) and (ADJP other foreign)) producers) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP grab (NP (NP most) (PP of (NP the sales)) (PP-LOC in (NP Eastern Europe)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP September orders) (PP for (NP (NP machining centers) , (NP lathes) , (NP milling machines) , (NP grinders) , (NP boring mills) and (NP (NP other machines) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP shape (NP metal) (PP-MNR by (NP cutting))))))))) (VP totaled (NP (NP (QP $ 192.9 million) *U*) , (UCP (ADVP down (NP 28 %) (PP from (NP (QP $ 266.5 million) *U*) (ADVP-TMP (NP a year) earlier))) , but (NP (NP a (ADJP 23 %) increase) (PP from (NP (NP August 's) (QP $ 156.3 million) *U*))))))) , (NP-SBJ NMTBA) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Orders) (PP *ICH*-1)) (NP-TMP last month) (PP-1 for (NP (NP metal-forming presses) and (NP (NP other machinery) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP form (NP metal) (PP-CLR with (NP pressure)) (ADVP-MNR *T*-2)))))))) (VP surged (PP-DIR to (NP (NP (QP $ 110.1 million) *U*) , (NP (NP (NP a (ADJP 78 %) rise) (PP from (NP (QP $ 61.7 million) *U*) (ADVP-TMP (NP a year) earlier))) and (NP (NP a (ADJP 55 %) gain) (PP from (NP (QP $ 70.9 million) *U*) (PP-TMP in (NP August)))))))) .)) (TOP (S (S (NP-SBJ (NP Today 's) presses) (VP are (NP-PRD (ADJP large and costly) machines))) , and (S (NP-SBJ a few orders) (VP can (VP produce (NP (NP a high total) (PP for (NP one month)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP does n't (ADVP necessarily) (VP indicate (NP a trend))))))))) .)) (TOP (S (NP-SBJ Machine tool shipments) (NP-TMP last month) (VP were (NP-PRD (NP (QP $ 281.2 million) *U*) , (NP (NP (NP a (ADJP 24 %) rise) (PP from (ADVP-TMP (NP a year) earlier))) and (NP (NP a (ADJP 25 %) increase) (PP from (NP-TMP August)))))) .)) (TOP (S (NP-SBJ Shipments) (VP have (VP run (ADVP-CLR well ahead (PP of (NP 1988))) (NP-TMP all year) , (SBAR-TMP as (S (NP-SBJ machine tool builders) (VP produce (PP against (NP relatively good backlogs))))))) .)) (TOP (S (NP-SBJ U.S. producers) (VP had (NP (NP a (ADJP (QP $ 2.15 billion) *U*) backlog) (PP of (NP unfilled orders))) (PP-TMP at (NP (NP the end) (PP of (NP September))))) .)) (TOP (S (NP-SBJ That) (VP was (ADVP-PRD up (NP 2.8 %) (PP from (ADVP-TMP (NP a year) earlier))) , (SBAR-ADV even though (S (NP-SBJ (NP orders) (PP for (NP (NP the first nine months) (PP of (NP 1989))))) (VP were (ADVP-PRD down (NP 19 %) (PP from (NP-TMP the comparable 1988 period))))))) .)) (TOP (NP $ 2,057,750,000 *U* .)) (TOP (NP $ 675,400,000 *U* .)) (TOP (NP $ 1,048,500,000 *U* .)) (TOP (NP $ 588,350,000 *U* .)) (TOP (S (PP-LOC In (NP Bombay stock market circles)) , (NP-SBJ the buzzword) (VP is `` (NP-PRD mega)) . '')) (TOP (S (NP-SBJ-1 (QP At least 40) companies) (VP are (VP coming (PP-DIR to (NP the capital market)) (S-PRP (NP-SBJ *-1) (VP to (VP raise (NP (NP (QP $ 6 billion) *U*) , (NP (NP an amount) (VP (ADVP-TMP never) thought (S (NP-SBJ *) (ADJP-PRD possible)) (PP-LOC in (NP India)))))))))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ they) (VP talk (NP mega-issues) (ADVP-TMP *T*-1)))) , (NP-SBJ they) (VP 're (ADVP truly) (VP talking (ADJP-CLR mega)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP S.A. Dave) , (NP (NP chairman) (PP of (NP (NP the Securities and Exchange Board) (PP of (NP India)))))) .)) (TOP (S `` (NP-SBJ The capital market) (VP is (VP booming)) . '')) (TOP (S But (NP-SBJ the mega-issues) (VP are (VP raising (NP (NP megaquestions) (PP about (NP the (ADJP rapidly evolving) Indian capital market))))) .)) (TOP (S (NP-SBJ One) (VP is (SBAR-PRD whether (S (NP-SBJ there) (VP is (NP-PRD enough money (S (NP-SBJ-1 *) (VP to (VP fund (NP the new issues) (PP without (S-NOM (NP-SBJ *-1) (VP depressing (NP stock trading)))))))))))) .)) (TOP (S (ADVP Moreover) , (PP-LOC in (NP the (ADJP relatively unregulated) Indian stock markets)) , (NP-SBJ investors) (ADVP-TMP frequently) (VP do n't (VP know (SBAR (WHNP-1 what) (S (NP-SBJ they) (VP are (VP getting (NP *T*-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ they) (VP subscribe (PP-CLR to (NP an issue)) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (NP-SBJ (NP A prospectus) (PP-LOC in (NP India))) (VP does n't (ADVP-TMP always) (VP tell (NP a potential investor) (NP much))) .)) (TOP (S (NP-SBJ-1 (NP Some) (PP of (NP the large amounts))) (VP are (VP being (VP raised (NP *-1) (PP by (NP-LGS small firms))))) .)) (TOP (S (PP In (NP addition)) , (SBAR-TMP once (S (NP-SBJ-1 money) (VP is (VP raised (NP *-1))))) , (NP-SBJ investors) (ADVP-TMP usually) (VP have (NP (NP no way) (PP of (S-NOM (NP-SBJ *) (VP knowing (SBAR (WHADVP-3 how) (S (NP-SBJ-2 it) (VP is (VP spent (NP *-2) (ADVP-MNR *T*-3)))))))))) .)) (TOP (S (NP-SBJ Some analysts) (VP are (ADJP-PRD concerned (SBAR that (S (NP-SBJ (NP the mega-issues) , (PP-LOC in (NP such an unregulated environment)) ,) (VP could (VP lead (PP-DIR to (NP a mega-crash)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The rate) (PP of (NP failures))) (VP will (VP be (ADJP-PRD (ADJP much more) (PP than (NP (NP the rate) (PP of (NP successes))))) (PP-LOC in (NP the mega-projects))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP G.S. Patel) , (NP (NP a former chairman) (PP of (NP (NP the giant , government-run mutual fund) , (NP (NP the Unit Trust) (PP of (NP India))))))) .)) (TOP (S `` (NP-SBJ-1 They) (VP 're (VP going (S (NP-SBJ *-1) (VP to (VP have (NP mega-problems)))))) . '')) (TOP (S (NP-SBJ The Indian stock markets) (VP have (VP been (PP-PRD on (NP a five-year high)) , (PP with (NP dips and corrections)) , (SBAR-TMP since (S (NP-SBJ-1 Prime Minister Rajiv Gandhi) (VP started (S (NP-SBJ *-1) (VP liberalizing (NP industry)))))))) .)) (TOP (S But (NP-SBJ (NP the last stock market boom) , (PP-TMP in (NP 1986)) ,) (VP seems (ADJP-PRD small) (PP compared (PP with (NP (NP the current rush) (PP to (NP market)))))) .)) (TOP (S (NP-SBJ (NP The (QP $ 6 billion) *U*) (SBAR (WHNP-2 that) (S (NP-SBJ-1 (QP some 40) companies) (VP are (VP looking (S (NP-SBJ *-1) (VP to (VP raise (NP *T*-2) (PP-TMP in (NP (NP the year) (VP ending (NP-TMP March 31)))))))))))) (VP compares (PP-CLR with (NP (NP (QP only $ 2.7 billion) *U*) (VP raised (NP *) (PP-LOC on (NP the capital market)) (PP-TMP in (NP the previous fiscal year)))))) .)) (TOP (S (PP-TMP In (NP fiscal 1984)) , (SBAR-TMP before (S (NP-SBJ Mr. Gandhi) (VP came (PP-CLR to (NP power))))) , (NP-SBJ-1 (QP only $ 810 million) *U*) (VP was (VP raised (NP *-1))) .)) (TOP (S (NP-SBJ (NP (NP (NP This year 's) biggest issue) , (NP (NP (QP $ 570 million) *U*) (PP of (NP convertible debentures))) (PP by (NP engineering company Larsen & Toubro Ltd.)) ,)) (VP is (NP-PRD (NP the largest) (PP-LOC in (NP Indian history)))) .)) (TOP (S (S And (NP-SBJ it) (VP is n't (NP-PRD the only giant issue))) : (S (ADVP together) , (NP-SBJ the top four issues) (VP will (VP raise (NP (QP $ 1.3 billion) *U*)))) .)) (TOP (S (NP-SBJ (NP Convertible debentures) (PRN -- (NP (NP bonds) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP can (ADVP-TMP later) (VP be (VP converted (NP *-1) (PP-CLR into (NP equity shares)))))))) --)) (VP are (NP-PRD the (ADJP most popular) instrument) (NP-TMP this year) , (SBAR-ADV though (S (NP-SBJ many companies) (VP are (ADVP also) (VP selling (NP (NP nonconvertible bonds) or (NP equity shares))))))) .)) (TOP (S (NP-SBJ-1 These mega-issues) (VP are (VP being (VP propelled (NP *-1) (PP by (NP-LGS (NP two factors) , (ADJP economic and political)))))) .)) (TOP (S (PP-TMP In (NP the past)) , (NP-SBJ (NP the socialist policies) (PP of (NP the government))) (VP (ADVP-MNR strictly) limited (NP (NP the size) (PP of (NP new (NX (NX steel mills) , (NX petrochemical plants) , (NX car factories) and (NX other industrial concerns))))) (S-PRP (NP-SBJ *) (VP to (VP (VP conserve (NP resources)) and (VP restrict (NP (NP the profits) (SBAR (WHNP-1 0) (S (NP-SBJ businessmen) (VP could (VP make (NP *T*-1))))))))))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ industry) (VP operated (PP-CLR out (PP of (NP small , expensive , (ADJP highly inefficient) industrial units)))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Mr. Gandhi) (VP came (PP-CLR to (NP power)) (ADVP-TMP *T*-1)))) , (NP-SBJ he) (VP ushered (PRT in) (NP (NP new rules) (PP for (NP business)))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ industry) (VP should (VP (VP build (NP plants) (PP on (NP (NP the same scale) (PP as (NP (NP those) (ADVP-LOC outside (NP India))))))) and (VP benefit (PP-CLR from (NP (NP economies) (PP of (NP scale)))))))))) .)) (TOP (S-1 (SBAR-ADV If (S (NP-SBJ the output) (VP was (ADJP-PRD too great (PP for (NP the domestic market)))))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ companies) (VP should (VP export)) .)) (TOP (S (S (NP-SBJ-2 (NP India 's) overregulated businessmen) (VP had (S (NP-SBJ-1 *-2) (VP to (VP be (VP persuaded (NP *-1))))))) , but (S (NP-SBJ-3 they) (VP have (VP started (S (NP-SBJ *-3) (VP to (VP think (ADJP-CLR big))))))) .)) (TOP (S (S (NP-SBJ (NP Some) (PP of (NP the projects)) (VP being (VP funded (NP *) (PP by (NP-LGS the new issues))))) (VP are (NP-PRD (NP the first fruits) (PP of (NP (NP Mr. Gandhi 's) policy))))) , and (S (NP-SBJ they) (VP require (NP (NP more capital) (PP than (NP (NP the smaller industrial units) (VP built (NP *) (PP-TMP in (NP the past)))))))) .)) (TOP (S (NP-SBJ The industrial revolution) (VP has (VP produced (NP (NP an explosion) (PP-LOC in (NP (NP the capital market) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP a (ADJP far cheaper) source) (PP of (NP funds)) (PP than (NP (NP government-controlled banks) , (SBAR (WHADVP-2 where) (S (NP-SBJ (NP interest rates) (PP for (NP prime borrowers))) (VP are (NP-PRD (QP around 16) %) (ADVP-LOC *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ (NP The second factor) (VP spurring (NP mega-issues))) (VP is (ADJP-PRD political)) .)) (TOP (S (S (NP-SBJ Mr. Gandhi) (VP has (VP called (NP general elections) (PP for (NP November))))) , and (S (NP-SBJ many businessmen) (VP fear (SBAR that (S (NP-SBJ (NP he) and (NP his (NP Congress (PRN -LRB- I -RRB-) Party))) (VP will (VP lose)))))) .)) (TOP (S (NP-SBJ Some companies) (VP are (VP raising (NP money) (PP in (NP (NP anticipation) (PP of (NP (NP a government) (ADJP (ADJP (ADJP less predictable) (PP than (NP Mr. Gandhi 's))) , and (ADJP (ADVP possibly) more restrictive)))))))) .)) (TOP (S (NP-SBJ The buoyant Bombay rumor mill) (ADVP also) (VP says (SBAR that (S (NP-SBJ-1 (NP some) (PP of (NP (NP the money) (VP raised (NP *) (PP-LOC in (NP (NP the current spate) (PP of (NP issues)))))))) (VP will (VP be (VP used (NP *-1) (PP-CLR as (NP campaign donations)) (PP-TMP before (NP the elections)))))))) .)) (TOP (S (S (NP-SBJ No one) (VP admits (PP-CLR to (NP anything)))) , but (S (NP-SBJ (NP India 's) industrialists) (VP have (NP (NP a history) (PP of (S-NOM (NP-SBJ *) (VP making (NP under-the-table campaign donations))))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ the mega-issues) (VP are (NP-PRD a hit) (PP with (NP investors))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ-1 (NP (NP Tata Iron & Steel Co. 's) offer) (PP of (NP (NP (QP $ 355 million) *U*) (PP of (NP convertible debentures))))) (VP was (VP oversubscribed (NP *-1))) .)) (TOP (S (NP-SBJ (NP Essar Gujarat Ltd.) , (NP a marine construction company) ,) (VP had (NP similar success) (PP with (NP a (ADJP slightly smaller) issue))) .)) (TOP (S (S (NP-SBJ-2 Larsen & Toubro) (VP started (S (NP-SBJ *-2) (VP accepting (NP (NP applications) (PP for (NP its giant issue))))) (NP-TMP earlier this month))) ; (S (NP-SBJ bankers and analysts) (VP expect (S (NP-SBJ-3 it) (VP to (VP be (VP oversubscribed (NP *-3))))))) .)) (TOP (SINV (S-PRD-TPC-1 (NP-SBJ *-2) (ADVP-TMP Still) (VP to (VP come))) (VP are (S-PRD *T*-1)) (NP-SBJ-2 (NP big issues) (PP by (NP (NP (NP Bindal Agro Chem Ltd.) , (NP a petrochemical and agrochemical company) ,) and (NP (NP (NP Usha Rectifier Corp .) (PRN -LRB- (NP-LOC India) -RRB-)) , (NP a semiconductor maker))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 many investors) (VP are (VP selling (NP (NP parts) (PP of (NP their portfolios))) (S-PRP (NP-SBJ *-1) (VP to (VP buy (NP the new issues)))))))) , (NP-SBJ (NP prices) (PP-LOC on (NP (NP India 's) 16 stock exchanges))) (VP are (VP holding (ADVP-CLR up) (ADVP-TMP so far))) .)) (TOP (S-2 `` (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ it) (VP will (VP lead (PP-DIR to (NP (NP any chaos) (PP-LOC in (NP the secondary market)) (PRN , '' (SINV (VP says (S *T*-2)) (NP-SBJ Mr. Patel)) ,) `` (NP only a sagging tendency))))))))) . '')) (TOP (SINV (VP Says (SBAR 0 (S *T*-2))) (NP-SBJ (NP M.J. Pherwani) , (NP (NP chairman) (PP of (NP (NP the Unit Trust) (PP of (NP India)))))) : (S-2 (NP-SBJ-1 The `` markets) (VP are (VP headed (NP *-1) (PP-CLR for (NP (NP growth) (ADJP (ADJP (ADJP unheard of) and (ADJP unseen)) (ADVP-TMP before))))))) . '')) (TOP (SINV (SINV But (PP with (NP growth)) come (NP-SBJ growing pains)) , and (SINV (ADVP-TMP never) has (NP-SBJ this) (VP been (ADJP-PRD (ADJP clearer) (PP *ICH*-1)) (PP-LOC on (NP the Indian capital market)) (PP-1 than (ADVP-TMP now)))) .)) (TOP (S (PP-TMP In (NP the past)) , (NP-SBJ the government) (VP controlled (NP the markets) (ADVP-MNR indirectly) , (PP-MNR through (NP (NP its tight grip) (PP on (NP (NP industry) (NP itself)))))) .)) (TOP (S (S (NP-SBJ Various ministries) (VP decided (NP (NP (NP the products) (SBAR (WHNP-2 0) (S (NP-SBJ businessmen) (VP could (VP produce (NP *T*-2)))))) and (SBAR-NOM (WHNP how much) (S *?*))))) ; and (S (NP-SBJ government-owned banks) (VP (VP controlled (NP (NP the financing) (PP of (NP projects)))) and (VP monitored (SBAR whether (S (NP-SBJ companies) (VP came (ADVP-CLR through) (PP-CLR on (NP promised plans)))))))) .)) (TOP (S (NP-SBJ The government) (VP has (VP been (ADJP-PRD content (PP with (NP (NP this far-reaching , subtle form) (PP of (NP control)) , (VP exercised (NP *) (PP-MNR on (NP a case-by-case basis)) (PP with (NP no clear rules or guidelines)))))))) .)) (TOP (S But (ADVP-TMP now) , (PP with (S-NOM (NP-SBJ-1 large amounts) (VP being (VP raised (NP *-1) (PP-CLR from (NP investors)))))) , (NP-SBJ (NP (NP the government 's) dawdling) (PP on (NP regulation and disclosure requirements))) (VP has (NP a (ADJP more dangerous) aspect)) .)) (TOP (S (S (NP-SBJ (NP The Securities and Exchange Board) (PP of (NP India))) (VP was (VP set (PRT up) (NP-TMP earlier this year) , (PP along (NP (NP the lines) (PP of (NP the U.S. Securities and Exchange Commission))))))) , but (S (NP-SBJ-1 New Delhi) (VP has n't (VP pushed (NP the legislation) (S-PRP (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ it) (ADJP-PRD operational)))))))) .)) (TOP (S (S (NP-SBJ (NP Mr. Dave) , (NP its head) ,) (VP acts (ADJP cheery and patient))) , but (S (NP-SBJ he) (VP makes (NP-CLR no bones) (PP-CLR about (NP the need (S (NP-SBJ *) (VP to (VP get (PP-CLR to (NP work))))))))) .)) (TOP (S `` (S-TPC-1 (ADJP-TPC-4 Mega or non-mega) , (NP-SBJ we) (VP feel (SBAR 0 (S (NP-SBJ-3 (NP the prospectus standards) (ADJP *T*-4)) (VP need (S (NP-SBJ-2 *-3) (VP to (VP be (VP (ADVP-MNR considerably) improved (NP *-2)))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ Disclosures) (VP are (ADJP-PRD very poor) (PP-LOC in (NP India))) . '')) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ-3 (NP the big questions) (PRN -- `` (SQ (SQ Do (NP-SBJ-2 you) (ADVP really) (VP need (NP (ADJP this much) money) (S-CLR (NP-SBJ *-2) (VP to (VP put (PRT up) (NP these investments))))) ?) (SQ Have (NP-SBJ you) (VP told (NP investors) (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP is (VP happening (PP-LOC in (NP your sector))))))) ?) (FRAG (SBARQ (WHNP (WHNP What) (PP about (NP your track record))) ?))) --) ``) (VP are n't (VP asked (NP *-3) (PP-CLR of (NP (NP companies) (VP coming (PP-DIR to (NP market)))))))))) .)) (TOP (S-2 (ADVP Instead) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-1 most investors) (VP have (S (NP-SBJ *-1) (VP to (VP rely (PP-CLR on (NP the rumor-happy Indian press)))))) .)) (TOP (S (NP-SBJ An example) (VP is (NP-PRD (NP (NP the biggest offering) (PP of (NP (NP them) (NP all)))) , (NP (NP Larsen & Toubro 's) (ADJP (QP $ 570 million) *U*) bond issue))) .)) (TOP (S (NP-SBJ-1 The engineering company) (VP was (VP acquired (NP *-1) (PP-LOC in (NP a takeover)) (NP-TMP earlier this year) (PP by (NP-LGS the giant Reliance textile group)))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Larsen & Toubro) (VP had n't (VP raised (NP money) (PP-CLR from (NP the public)) (PP-TMP in (NP 38 years)))))) , (NP-SBJ its new owners) (ADVP-TMP frequently) (VP raise (NP funds) (PP-LOC on (NP the local market))) .)) (TOP (S -LRB- (NP-SBJ Reliance) (VP floated (NP (NP a (ADJP (QP $ 357 million) *U*) petrochemical company) (SBAR *ICH*-3)) (PP-TMP in (NP 1988)) (SBAR-3 (WHNP-2 that) (S (NP-SBJ *T*-2) (VP was , (PP-TMP at (NP the time)) , (NP-PRD (NP the largest public issue) (PP-LOC in (NP Indian history))))))) . -RRB-)) (TOP (S (NP-SBJ-1 The media) (VP has (VP raised (NP (NP questions) (PP about (NP (NP Larsen & Toubro 's) issue))) , (S-ADV (NP-SBJ *-1) (VP pointing (ADVP-CLR out) (SBAR that (S (NP-SBJ it) (VP exceeds (NP (NP (NP the company 's) annual sales) and (NP its market capitalization))))))))) .)) (TOP (SINV (ADJP-TPC-2 Even stranger) (VP is (ADJP-PRD *T*-2)) (NP-SBJ (NP the case) (PP of (NP (NP Usha Rectifier) , (NP (NP a semiconductor company) (PP with (NP (NP 1988 sales) (PP of (NP (QP $ 28 million) *U*)))) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP 's (VP raising (NP (QP $ 270 million) *U*) (S-PRP (NP-SBJ *-3) (VP to (VP build (NP an iron plant)))))))))))) .)) (TOP (S (SBAR-TMP Once (S (NP-SBJ-1 the money) (VP is (VP raised (NP *-1))))) , (NP-SBJ (NP it) (SBAR *ICH*-4)) (VP is n't (ADVP-TMP always) (ADJP-PRD certain) (SBAR-4 (WHADVP-3 how) (S (NP-SBJ-2 it) (VP is (VP used (NP *-2) (ADVP-MNR *T*-3)))))) .)) (TOP (S (NP-SBJ Larsen & Toubro) , (PP for (NP example)) , (VP says (S (NP-SBJ it) (VP 's (VP raising (NP (NP (QP $ 570 million) *U*) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP use (NP *T*-1) (PP-CLR as (NP supplier credit)) (PP-LOC on (NP large engineering jobs))))))))))) .)) (TOP (S (PP Unlike (NP other companies)) , (NP-SBJ it) (VP has n't (VP pin-pointed (NP specific projects) (PP-CLR for (NP the funds)))) .)) (TOP (S And (SBAR-TMP (WHADVP-3 even when) (S (NP-SBJ-1 specific projects) (VP are (VP described (NP *-1) (PP-LOC in (NP prospectuses)) (ADVP-TMP *T*-3))))) , (NP-SBJ-2 the money) (ADVP-TMP often) (VP is (VP used (NP *-2) (ADVP-LOC elsewhere) , (PP according (PP to (NP analysts))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Someone) (VP must (VP monitor (SBAR-NOM (WHADVP-3 where) (S (NP-SBJ-1 the funds) (VP are (VP deployed (NP *-1) (ADVP-LOC *T*-3)))))))) , '' (VP says (S *T*-2)) (NP-SBJ Mr. Dave) .)) (TOP (S (NP-SBJ Mr. Patel) (VP agrees : `` (S (NP-SBJ There) (VP is (NP-PRD (NP no proper monitoring and screening) (PP of (NP (NP the use) (PP of (NP these funds)))))))) .)) (TOP (S (S (NP-SBJ-1 They) (VP 're (VP trying (S (NP-SBJ *-1) (VP to (VP plug (NP the various loopholes))))))) , but (S (NP-SBJ they) (VP 're (ADJP-PRD totally unprepared (PP for (NP this))))) . '')) (TOP (S (PP-PRP Because of (NP (NP (NP the large amounts) (PP of (NP money)) (VP being (VP raised (NP *)))) , (NP the loose disclosure requirements) and (NP (NP the casual monitoring) (PP of (SBAR-NOM (WHADVP-4 how) (S (NP-SBJ-1 the money) (VP is (VP used (NP *-1) (ADVP-MNR *T*-4))))))))) , (NP-SBJ some analysts) (VP fear (SBAR that (S (NP-SBJ there) (VP could (VP be (NP-PRD (NP a few mega-crashes) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP could (VP hurt (NP market confidence) (ADVP-MNR (ADVP far more) (PP than (NP (NP the small bankruptcies) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP followed (NP (NP the boom) (PP of (NP 1986))))))))))))))))))) .)) (TOP (S (NP-SBJ The government) (VP insists (SBAR that (S (NP-SBJ such a possibility) (VP is (ADJP-PRD low))))) .)) (TOP (S (NP-SBJ It) (VP says (SBAR that (S (PP despite (NP (NP loose regulation) (PP of (NP (NP the market) (NP itself))))) , (NP-SBJ (NP its longstanding regulation) (PP of (NP industry))) (VP will (VP prevent (NP such crashes)))))) .)) (TOP (S (NP-SBJ T.T. Ram Mohan) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ (NP Lion Nathan Ltd.) , (NP a New Zealand brewing and retail concern) ,) (VP said (NP-TMP Friday) (SBAR that (S (NP-SBJ-1 Bond Corp . Holdings Ltd.) (VP is (VP `` committed '' (NP *-1) (PP-CLR to (NP (NP a transaction) (SBAR (WHADVP-2 whereby) (S (NP-SBJ Lion Nathan) (VP would (VP acquire (NP (NP 50 %) (PP of (NP (NP Bond 's) Australian brewing assets))) (ADVP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ Lion Nathan) (VP issued (NP (NP a statement) (VP saying (SBAR 0 (S (NP-SBJ it) (VP is (VP applying (PP-CLR to (NP (NP (NP Australia 's) National Companies & Securities Commission) , (NP (NP the nation 's) corporate watchdog agency) ,)) (PP-CLR for (NP (NP a modification) (PP to (NP takeover regulations)) `` (ADJP similar (PP to (NP (NP that) (VP obtained (NP *) (PP by '' (NP-LGS S.A. Brewing Holdings Ltd))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP SA Brewing) , (NP an Australian brewer) ,) (NP-TMP last Thursday) (VP was (VP given (NP *-1) (NP (NP approval) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP acquire (NP (NP an option) (PP for (NP (NP (QP up to 20) %) (PP of (NP (NP Bell Resources Ltd.) , (NP (NP a unit) (PP of (NP Bond Corp)))))))) (ADVP *T*-2)))))))) .)) (TOP (S (NP-SBJ Bell Resources) (VP is (VP acquiring (NP (NP Bond 's) brewing businesses) (PP-CLR for (NP (NP (QP 2.5 billion) Australian dollars) (PRN -LRB- (NP (QP US$ 1.9 billion) *U*) -RRB-))))) .)) (TOP (S (NP-SBJ S.A. brewing) (VP would (VP make (NP (NP a takeover offer) (PP for (NP (NP all) (PP of (NP Bell Resources))))) (SBAR-ADV if (S (NP-SBJ it) (VP exercises (NP the option)))) , (PP according (PP to (NP the commission))))) .)) (TOP (S (NP-SBJ-1 (NP Bond Corp.) , (NP a brewing , property , media and resources company) ,) (VP is (VP selling (NP (NP many) (PP of (NP its assets))) (S-PRP (NP-SBJ *-1) (VP to (VP reduce (NP its debts)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Lion Nathan) (VP has (NP (NP a concluded contract) (PP with (NP Bond and Bell Resources))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Douglas Myers) , (NP (NP chief executive) (PP of (NP Lion Nathan)))) .)) (TOP (S (NP-SBJ (NP Finnair) , (NP (NP Finland 's) state-owned airline) ,) (VP (VP joined (NP (NP the wave) (PP of (NP global airline alliances)))) and (VP signed (NP a wide-ranging cooperation agreement) (PP-CLR with (NP archrival Scandinavian Airlines System)))) .)) (TOP (S (PP-LOC Under (NP the accord)) , (NP-SBJ-1 Finnair) (VP agreed (S (NP-SBJ *-1) (VP to (VP coordinate (NP (NP flights) , (NP marketing) and (NP other functions)) (PP-CLR with (NP (NP SAS) , (NP (NP the 50%-state-owned airline) (PP of (NP Denmark , Norway and Sweden))))))))) .)) (TOP (S (NP-SBJ The pact) (ADVP also) (VP calls (PP-CLR for (NP (NP coordination) (PP between (NP (NP Finnair) and (NP (NP (NP Switzerland 's) national carrier) , (NP Swissair) , (SBAR (WHPP-1 with (WHNP which)) (S (NP-SBJ SAS) (VP entered (NP a similar alliance) (NP-TMP last month) (PP-CLR *T*-1)))))))))) .)) (TOP (S (NP-SBJ Finnair and SAS) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP plan (S (NP-SBJ *-1) (VP to (VP swap (NP (NP stakes) (PP in (NP each other)))))))))) .)) (TOP (S (NP-SBJ Neither) (VP disclosed (NP details) (PP pending (NP (NP board meetings) (NP-TMP next month)))) .)) (TOP (S (NP-SBJ Officials) (VP hinted , (ADVP however) , (SBAR that (S (NP-SBJ SAS) (VP would (VP take (NP (NP (NP a stake) (PP of (NP (QP at least 6) %)) (PP in (NP Finnair))) , (VP valued (NP *) (PP-CLR at (NP (QP about $ 40 million) *U*)) (PP at (NP current market prices))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Finnair) (VP would (VP receive (NP (NP SAS shares) (VP valued (NP *) (PP-CLR at (NP the same amount))))))) , (NP-SBJ officials) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP General Motors Corp.) and (NP Ford Motor Co.)) (VP are (ADVP-TMP now) (VP going (ADVP-CLR head to head) (PP-LOC in (NP the markets)) (PP-CLR for (NP (NP shares) (PP of (NP Jaguar PLC)))) , (SBAR-PRP as (S (NP-SBJ GM) (VP got (NP early clearance (S *ICH*-1)) (PP-CLR from (NP the Federal Trade Commission)) (S-1 (NP-SBJ *) (VP to (VP boost (NP (NP its stake) (PP in (NP the British luxury car maker))))))))))) .)) (TOP (S (NP-SBJ GM) (VP confirmed (NP-TMP Friday) (SBAR that (S (NP-SBJ it) (VP received (NP permission (S *ICH*-1)) (NP-TMP late Thursday) (PP-CLR from (NP U.S. antitrust regulators)) (S-1 (NP-SBJ *) (VP to (VP increase (NP its Jaguar holdings) (PP-CLR past (NP the (ADJP (QP $ 15 million) *U*) level))))))))) .)) (TOP (S (S (NP-SBJ Ford) (VP got (NP a similar go-ahead) (ADVP-TMP earlier (PP in (NP October))))) , and (S (PP-TMP on (NP Friday)) , (NP-SBJ Jaguar) (VP announced (SBAR that (S (NP-SBJ the No. 2 U.S. auto maker) (VP had (VP raised (NP its stake) (PP-DIR to (NP (NP 13.2 %) , or (NP (QP 24.2 million) shares) ,)) (PP-DIR from (NP 12.4 %) (ADVP-TMP earlier (PP in (NP the week)))))))))) .)) (TOP (S (NP-SBJ-2 (NP A spokesman) (PP for (NP (NP GM) , (NP the No. 1 auto maker) ,))) (VP declined (S (NP-SBJ *-2) (VP to (VP say (SBAR-NOM (WHNP-1 how many Jaguar shares) (S (NP-SBJ that company) (VP owns (NP *T*-1)))))))) .)) (TOP (S (PP-LOC In (NP late trading)) (NP-TMP Friday) , (NP-SBJ Jaguar shares) (VP (VP bucked (NP (NP the downward tide) (PP-LOC in (NP (NP London 's) stock market)))) and (VP rose (NP-EXT five pence) (PP-DIR to (NP (NP 725 pence) (PRN -LRB- (NP $ 11.44 *U*) -RRB-))))) .)) (TOP (S (NP-SBJ Trading volume) (VP was (NP-PRD a (ADJP moderately heavy) (QP 3.1 million) shares)) .)) (TOP (S (PP-LOC In (NP the U.S.)) , (NP-SBJ (NP Jaguar 's) American depositary receipts) (VP were (PP-LOC-PRD among (NP the (ADJP most active) issues)) (NP-TMP Friday) (PP-LOC in (NP (NP national over-the-counter trading) (SBAR (WHADVP-1 where) (S (NP-SBJ they) (VP closed (PP-CLR at (NP (NP (NP $ 11.625 *U*) (NP each)) , (ADVP up (NP-ADV 62.5 cents)))) (ADVP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ Analysts) (VP expect (SBAR that (S (NP-SBJ-1 the two U.S. auto giants) (VP will (VP move (ADVP-MNR quickly) (S-CLR (NP-SBJ *-1) (VP to (VP buy (PRT up) (NP (NP (ADJP 15 %) stakes) (PP in (NP Jaguar)))))) , (S-ADV (NP-SBJ *-1) (VP setting (PRT up) (NP (NP a potential bidding war) (PP for (NP the prestigious Jaguar brand)))))))))) .)) (TOP (S (NP-SBJ British government restrictions) (VP prevent (NP-1 any single shareholder) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP going (PP-CLR beyond (NP 15 %)) (PP-TMP before (NP (NP the end) (PP of (NP 1990)))) (PP without (NP government permission)))))) .)) (TOP (S (NP-SBJ (NP The British government) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owned (NP Jaguar) (PP-TMP until (NP 1984))))) ,) (ADVP-TMP still) (VP holds (NP (NP a controlling `` golden share '') (PP in (NP the company)))) .)) (TOP (S (PP With (NP (NP the golden share) (PP as (NP protection)))) , (NP-SBJ-1 Jaguar officials) (VP have (VP (VP rebuffed (NP (NP Ford 's) overtures)) , and (VP moved (ADVP instead) (S-CLR (NP-SBJ *-1) (VP to (VP forge (NP (NP an alliance) (PP with (NP GM))))))))) .)) (TOP (S (S (NP-SBJ Jaguar officials) (VP have (VP indicated (SBAR 0 (S (NP-SBJ-3 they) (VP are (ADVP-PRD close (PP to (S-NOM (NP-SBJ *-3) (VP wrapping (PRT up) (NP (NP (NP a friendly alliance) (PP with (NP GM))) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP preserve (NP (NP Jaguar 's) independence)))))))))))))))) , but (S (NP-SBJ-1 no deal) (VP has (VP been (VP announced (NP *-1))))) .)) (TOP (S (NP-SBJ Ford) , (PP on (NP the other hand)) , (VP has (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP 's (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP bid (PP-CLR for (NP (NP all) (PP of (NP Jaguar)))))))) , (PP despite (NP (NP the objections) (PP of (NP Jaguar chairman Sir John Egan))))))))) .)) (TOP (S (NP-SBJ-1 Analysts) (VP continued (S (NP-SBJ *-1) (VP to (VP speculate (NP-TMP late last week) (SBAR that (S (NP-SBJ-2 Ford) (VP may (VP try (S (NP-SBJ-3 *-2) (VP to (VP force (NP the issue) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP (VP calling (PP-CLR for (NP (NP a special shareholder 's) meeting))) and (VP urging (SBAR that (S (NP-SBJ (NP the government) and (NP Jaguar holders)) (VP remove (NP (NP the barriers) (PP to (NP a full bidding contest))) (PP-TMP before (NP December 1990)))))))))))))))))))) .)) (TOP (S But (NP-SBJ (NP a Ford spokeswoman) (PP-LOC in (NP Dearborn))) (VP said (NP-TMP Friday) (SBAR 0 (S (NP-SBJ the company) (VP has n't (VP requested (NP such a meeting) (ADVP-TMP yet)))))) .)) (TOP (S (NP-SBJ (NP Individuals) (ADJP close (PP to (NP the situation)))) (VP believe (SBAR 0 (S (NP-SBJ Ford officials) (VP will (VP seek (NP (NP a meeting) (PP *ICH*-1) (SBAR *ICH*-2)) (NP-TMP this week) (PP-1 with (NP Sir John)) (SBAR-2 (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP outline (NP (NP their proposal) (PP for (NP a full bid))) (ADVP-LOC *T*-3)))))))))) .)) (TOP (S (NP-SBJ (NP Any discussions) (PP with (NP Ford))) (VP could (VP postpone (NP (NP the Jaguar-GM deal) , (VP headed (NP *) (PP-CLR for (NP completion)) (PP-TMP within (NP the next two weeks)))))) .)) (TOP (S (NP-SBJ-1 The GM agreement) (VP is (VP expected (S (NP-SBJ-2 *-1) (VP to (VP retain (NP (NP Jaguar 's) independence) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP involving (NP (NP (NP an eventual (ADJP 30 %) stake) (PP for (NP the U.S. auto giant))) (CONJP as well as) (NP joint manufacturing and marketing ventures)))))))))) .)) (TOP (S (NP-SBJ-2 Jaguar and GM) (VP hope (S (NP-SBJ-3 *-2) (VP to (VP win (NP (NP Jaguar shareholders approval) (PP for (NP the accord))) (PP-MNR (ADVP partly) by (S-NOM (NP-SBJ *-3) (VP structuring (NP it) (PP-MNR in (NP (NP a way) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would n't (VP preclude (NP a full Ford bid) (SBAR-TMP once (S (NP-SBJ the golden share) (VP expires)))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ There) (VP 's either (NP-PRD (NP a minority -LCB- stake -RCB- package) (ADJP capable (PP of (S-NOM (NP-SBJ *) (VP getting (NP Jaguar shareholder approval)))))))) or (S (NP-SBJ there) (VP is n't (NP-PRD *?*)))) , '' (VP said (S *T*-1)) (NP-SBJ one knowledgeable individual) . ``)) (TOP (S (SBAR-ADV If (S (NP-SBJ there) (VP is n't (NP-PRD *?*)))) , -LCB- (NP-SBJ-1 the deal) -RCB- (VP wo n't (VP be (VP put (NP *-1) (ADVP-PUT forward '' (PP to (NP shareholders)))))) .)) (TOP (S (NP-SBJ Union sentiment) (ADVP also) (VP could (VP influence (NP (NP shareholder reaction) (PP to (NP a Jaguar-GM accord))))) .)) (TOP (S (NP-SBJ (NP GM 's) U.K. unit) (VP holds (NP (NP crucial talks) (PP *ICH*-2) (PP *ICH*-1)) (NP-TMP today) (PP-2 with (NP union officials)) (PP-1 about (NP (NP its consideration) (PP of (NP (NP an Ellesmere Port site) (PP for (NP (NP its first major engine plant) (PP-LOC in (NP Britain))))))))) .)) (TOP (S (NP-SBJ One auto-industry union leader) (VP said , `` (S (SBAR-ADV If (S (NP-SBJ-1 they) (VP try (S (NP-SBJ *-1) (VP to (VP build (NP it) (ADVP-LOC somewhere else -LCB- (PP in (NP Europe)) -RCB- (PP besides (NP the U.K.))))))))) , (NP-SBJ-2 they) (VP are (VP going (S (NP-SBJ *-2) (VP to (VP be (PP-PRD in (NP (NP big trouble) '' (PP with (NP unionists)) (PP over (NP any Jaguar deal))))))))))) .)) (TOP (S (NP-SBJ These) (VP are (NP-PRD (NP the last words) (SBAR (WHNP-1 0) (S (NP-SBJ Abbie Hoffman) (ADVP-TMP ever) (VP uttered (NP *T*-1) , (ADVP more or less) , (SBAR-TMP before (S (NP-SBJ he) (VP killed (NP himself))))))))) .)) (TOP (S And (NP-SBJ You) (VP Are (ADVP-LOC-PRD There) , (ADVP sort of)) :)) (TOP (NP (NP ABBIE) : `` (S (NP-SBJ I) (VP 'm (ADJP-PRD OK) , (NP-VOC Jack))) .)) (TOP (S (NP-SBJ I) (VP 'm (ADJP-PRD OK)) . '')) (TOP (FRAG (PRN -LRB- (S (NP-SBJ *) (VP listening)) -RRB-) `` (INTJ Yeah) .)) (TOP (S (NP-SBJ I) (VP 'm (PP-LOC-PRD out (PP of (NP bed)))) .)) (TOP (S (NP-SBJ I) (VP got (S (NP-SBJ my feet) (PP-LOC-PRD on (NP the floor)))) .)) (TOP (INTJ Yeah .)) (TOP (NP Two feet .)) (TOP (S (NP-SBJ I) (VP 'll (VP see (NP you) (NP-TMP (NP Wednesday) ? ... (NP Thursday)))) . '')) (TOP (S (NP-SBJ He) (VP listens (ADVP-MNR impassively)) .)) (TOP (NP (NP ABBIE) (PRN -LRB- (S (NP-SBJ-1 *) (VP cont'd. (NP *-1))) -RRB-) : `` (S (NP-SBJ I) (VP 'll (ADVP-TMP always) (VP be (PP-LOC-PRD with (NP you)) , (NP-VOC Jack)))) .)) (TOP (S (NP-SBJ *) (VP Do n't (VP worry)) . '')) (TOP (S (NP-SBJ Abbie) (VP (VP lies (ADVP-CLR back)) and (VP leaves (S (NP-SBJ the frame) (ADJP-PRD empty)))) .)) (TOP (S (PP Of (NP course)) (NP-SBJ that) (VP was n't (NP-PRD (NP the actual conversation) (SBAR (WHNP-1 0) (S (NP-SBJ the late (NX (NX anti-war activist) , (NX protest leader) and (NX (NX founder) (PP of (NP the Yippies))))) (ADVP-TMP ever) (VP had (NP *T*-1) (PP-CLR with (NP his brother))))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP a script) (VP pieced (NP *) (ADVP-CLR together) (PP-CLR from (NP interviews)) (PP by (NP-LGS CBS News)) (PP for (NP (NP a re-enactment) , (NP (NP a dramatic rendering) (PP by (NP an actor)) (PP of (NP (NP (NP Mr. Hoffman 's) (ADJP ultimately unsuccessful) struggle) (PP with (NP depression)))))))))) .)) (TOP (S (NP-SBJ-2 The segment) (VP is (S (NP-SBJ-3 *-2) (ADVP-TMP soon) (VP to (VP be (VP broadcast (NP *-3) (PP-LOC on (NP (NP the CBS News series) `` (NP-TTL (NP Saturday Night) (PP With (NP Connie Chung))))) , '' (S-ADV thus (NP-SBJ *) (VP (ADVP-MNR further) blurring (NP (NP the distinction) (PP between (NP fiction and reality)) (PP-LOC in (NP TV news)))))))))) .)) (TOP (S (NP-SBJ It) (VP is (S-PRD (NP-SBJ the New Journalism) (VP come (PP-DIR to (NP television))))) .)) (TOP (S (NP-SBJ (NP Ms. Chung 's) program) (VP is (NP-PRD (NP just one) (PP of (NP (NP several network shows) (PRN -LRB- and (NP (NP many more) (PP-LOC in (NP syndication))) -RRB-) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP rely (PP-CLR on (NP (NP the controversial technique) (PP of (S-NOM (NP-SBJ *) (VP (VP reconstructing (NP events)) , (VP using (NP (NP actors) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP are (VP supposed (S (NP-SBJ *-3) (VP to (VP resemble (NP (NP real people) , (ADJP living and dead))))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Ms. Chung 's)) , (ADVP however) , (VP is (VP said (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the only network news program) (PP-LOC in (NP history)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP employ (NP casting directors))))))))))) .)) (TOP (S (NP-SBJ-3 Abbie Hoffman) (PP-LOC in (NP this case)) (VP is (S (NP-SBJ-1 *-3) (VP to (VP be (VP played (NP *-1) (PP by (NP-LGS (NP Hollywood actor Paul Lieber) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP is n't (ADJP-PRD new (PP to (NP the character))))))))))))) .)) (TOP (S (NP-SBJ He) (VP was (NP-PRD Mr. Hoffman) (PP-LOC in (NP (NP a 1979 Los Angeles production) (PP of (NP (NP a play) (VP called (S (NP-SBJ *) `` (NP-TTL-PRD The Chicago Conspiracy Trial)))))))) . '')) (TOP (S (NP-SBJ Television news) , (PP of (NP course)) , (VP has (ADVP-TMP always) (VP been (NP-PRD part show-biz))) .)) (TOP (S (NP-SBJ Broadcasters) (VP have (NP (NP a healthy appreciation) (PP of (NP (NP the role) (SBAR (WHNP-1 0) (S (NP-SBJ entertainment values) (VP play (NP *T*-1) (PP-LOC in (S-NOM (NP-SBJ *) (VP captivating (NP an audience))))))))))) .)) (TOP (S But , (SBAR-MNR as (S (NP-SBJ CBS Broadcast Group president Howard Stringer) (VP puts (NP it)))) , (S (NP-SBJ-1 the network) (ADVP-TMP now) (VP needs (S (NP-SBJ *-1) (VP to `` (VP broaden (NP (NP the horizons) (PP of (NP nonfiction television)))))))) , and (S (NP-SBJ that) (VP includes (NP some experimentation))) . '')) (TOP (S (PP-TMP Since (NP (NP its premiere) (NP-TMP Sept. 16))) , (NP-SBJ (NP the show) (SBAR (WHPP-1 on (WHNP which)) (S (NP-SBJ Ms. Chung) (VP appears (PP-LOC *T*-1))))) (VP has (VP (VP used (NP-2 an actor) (S-CLR-3 (NP-SBJ *-2) (VP to (VP portray (NP (NP the Rev. Vernon Johns) , (NP a civil-rights leader) ,))))) and (VP (NP=2-4 one) (S-CLR=3 (NP-SBJ *-4) (VP to (VP play (NP a teenage drug dealer))))))) .)) (TOP (S (NP-SBJ It) (VP has (VP depicted (NP (NP the bombing) (PP of (NP Pan Am flight 103)) (PP-LOC over (NP (NP the Scottish town) (PP of (NP Lockerbie))))))) .)) (TOP (S (PP-TMP On (NP Oct. 21)) , (NP-SBJ it) (VP did (NP (NP a rendition) (PP of (NP (NP the kidnapping and imprisonment) (PP of (NP (NP Associated Press correspondent Terry Anderson) , (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP (VP was (VP abducted (NP *-3) (PP-TMP in (NP March 1985)))) and (VP is (VP believed (S (NP-SBJ-1 *-3) (VP to (VP be (VP held (NP *-1) (PP-LOC-CLR in (NP Lebanon))))))))))))))))) .)) (TOP (S (NP-SBJ The production) (VP had (NP (NP actors) (VP playing (NP (NP Mr. Anderson) and (NP former hostages (NX (NX David Jacobsen) , (NX the Rev. Benjamin Weir) and (NX Father Lawrence Jenco))))))) .)) (TOP (S (NP-SBJ ABC News) (VP has (VP (ADVP-MNR similarly) branched (ADVP-CLR out) (PP-DIR into (NP entertainment gimmickry)))) .)) (TOP (S (NP-SBJ `` (NP-TTL Prime Time Live) , '' (NP (NP a new show) (NP-TMP this season) (VP featuring (NP (NP Sam Donaldson) and (NP Diane Sawyer)))) ,) (VP has (NP (NP a studio audience) (SBAR (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP applauds))) and (SBAR (WHNP-2 that) (S (NP-TMP one night) (PRN -LRB- (PP to (NP (NP the embarrassment) (PP of (NP the network)))) -RRB-) (NP-SBJ *T*-2) (VP waved (PP-CLR at (NP the camera)) (PP-MNR like (NP (NP the crowd) (PP-LOC on `` (S-TTL (NP-SBJ *) (VP Let (S (NP-SBJ 's) (VP Make (NP a Deal)))))))))))))) . '')) (TOP (S -LRB- (NP-SBJ-2 ABC) (VP stops (ADVP-CLR short (PP of (S-NOM (NP-SBJ *-2) (VP using (NP-1 (NP an `` applause '' sign) and (NP a comic)) (S-CLR (NP-SBJ *-1) (VP to (VP warm (PRT up) (NP the audience))))))))) .)) (TOP (S (NP-SBJ The stars) (VP do (NP that) (NP-ADV themselves)) . -RRB-)) (TOP (S (NP-SBJ NBC News) (VP has (VP produced (NP (NP three episodes) (PP of (NP (NP an occasional series) (VP produced (NP *) (PP by (NP-LGS Sid Feders))) (VP called (S (NP-SBJ *) `` (NP-TTL-PRD Yesterday , Today and Tomorrow))) , '' (VP starring (NP (NP Maria Shriver) , (NP Chuck Scarborough) and (NP Mary Alice Williams))) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP also) (VP gives (NP work) (PP-DTV to (NP actors)))))))))) .)) (TOP (S (NP-SBJ *) (VP Call (S (NP-SBJ it) (NP-PRD a fad))) .)) (TOP (S Or (NP-SBJ *) (VP call (S (NP-SBJ it) (NP-PRD (NP the wave) (PP of (NP the future))))) .)) (TOP (S (NP-SBJ-1 (NP NBC 's) re-creations) (VP are (VP produced (NP *-1) (PP by (NP-LGS (NP Cosgrove-Meurer Productions) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (ADVP also) (VP makes (NP (NP the successful prime-time NBC Entertainment series) `` (NP-TTL Unsolved Mysteries))))))))) . '')) (TOP (S (NP-SBJ-1 (NP The marriage) (PP of (NP news and theater))) , (SBAR-ADV if (FRAG not (ADVP exactly) (ADJP-PRD inevitable))) , (VP has (VP been (VP consummated (NP *-1) (ADVP nonetheless)))) .)) (TOP (S (NP-SBJ News programs) , (SBAR-ADV (ADVP particularly) if (S (NP-SBJ they) (VP score (ADVP-MNR well) (PP-LOC in (NP the ratings))))) , (VP appeal (PP-CLR to (NP (NP the networks ') cost-conscious corporate parents)) (SBAR-PRP because (S (NP-SBJ they) (VP are (ADJP-PRD (ADJP (ADVP so much less) expensive) (S (NP-SBJ *) (VP to (VP produce (NP *?*)))) (SBAR than (S (NP-SBJ an entertainment show) (VP is (ADJP-PRD *?*))))) (PRN -- (NP-ADV (NP (QP somewhere between $ 400,000 and $ 500,000) *U*) (PP for (NP a one-hour program)))))))) .)) (TOP (S (NP-SBJ-1 Entertainment shows) (VP tend (S (NP-SBJ *-1) (VP to (VP cost (NP twice that))))) .)) (TOP (S (NP-SBJ-1 Re-enactments) (VP have (VP been (VP used (NP *-1) (ADVP-MNR successfully) (PP-TMP for (NP several seasons)) (PP-LOC on (NP (NP such syndicated `` tabloid TV '' shows) (PP as (NP `` (NP-TTL A Current Affair) , '' (SBAR (WHNP-3 which) (S (NP-SBJ-2 *T*-3) (VP is (VP produced (NP *-2) (PP by (NP-LGS (NP the Fox Broadcasting Co. unit) (PP of (NP (NP Rupert Murdoch 's) News Corp))))))))))))))) .)) (TOP (S (NP-SBJ (NP That show) , (SBAR (WHNP-1 whose host) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP (NP Ms. Chung 's) husband) , (NP Maury Povich) ,))))) (VP has (NP (NP a particular penchant) (PP for (NP (NP (NP grisly murders) and (NP (NP stories) (VP having (S (NP-SBJ *) (VP to (VP do (PP-CLR with (NP sex)))))))) -- (NP (NP the Robert Chambers murder case) , (NP the Rob Lowe tapes) , (SBAR-NOM (WHNP-2 what) (SINV (VP have (NP *T*-2)) (NP-SBJ you)))))))) .)) (TOP (S (NP-SBJ (NP Gerald Stone) , (NP (NP the executive producer) (PP of `` (NP-TTL A Current Affair))) , '') (VP says , `` (S (NP-SBJ We) (VP have (VP opened (NP eyes) (PP-CLR to (S-NOM (NP-SBJ *) (VP being (ADJP-PRD (ADJP (ADVP (NP a little) less) conservative) and (ADJP more imaginative) (PP in (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP present (NP the news) (ADVP-MNR *T*-1)))))))))))))) . '')) (TOP (SINV (ADVP-LOC Nowhere) have (NP-SBJ-1 eyes) (VP been (VP opened (NP *-1) (ADVP-CLR (ADVP wider) (PP than (PP-LOC at (NP CBS News)))))) .)) (TOP (S (PP-LOC At (NP (NP 555 W. 57th St.) (PP-LOC in (NP Manhattan)))) , (PP-LOC (NP-ADV one floor) below (NP (NP the offices) (PP of (NP `` (NP-TTL 60 Minutes) , '' (NP (NP the (ADJP most successful) prime-time news program) (ADVP-TMP ever)))))) , (NP-SBJ-1 actors) (VP wait (PP-LOC in (NP the reception area)) (S-CLR (NP-SBJ *-1) (VP to (VP audition (PP-CLR for `` (NP-TTL (NP Saturday Night) (PP With (NP Connie Chung)))))))) . '')) (TOP (S (NP-SBJ CBS News) (VP sends (NP scripts) (PP-CLR to (NP (NP agents) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP pass (NP them) (PP-CLR along (PP to (NP clients))))))))) .)) (TOP (S (S (NP-SBJ The network) (VP deals (NP-ADV a lot) (PP-LOC with (NP (NP unknowns) , (PP including (NP (NP (NP Scott Wentworth) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP portrayed (NP Mr. Anderson))))) , and (NP (NP Bill Alton) (PP as (NP Father Jenco))))))))) , but (S (NP-SBJ the network) (VP has (NP (NP some big names) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP contend (PP-CLR with (NP *T*-2)) , (ADVP too)))))))) .)) (TOP (S (NP-SBJ-1 James Earl Jones) (VP is (VP cast (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP play (NP the Rev. Mr. Johns)))))) .)) (TOP (S (NP-SBJ Ned Beatty) (VP may (VP portray (NP former California Gov. Pat Brown) (PP-LOC in (NP (NP a forthcoming epsiode) (PP on (NP (NP Caryl Chessman) , (NP (NP the last man) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP executed (NP *-1) (PP-LOC in (NP California)) , (PP-TMP in (NP 1960)))))))))))))) .)) (TOP (S `` (NP-TTL-SBJ Saturday Night) '' (VP has (VP cast (NP-2 actors) (S-CLR (NP-SBJ *-2) (VP to (VP appear (PP-LOC-CLR in (NP (NP future stories) (VP ranging (PP-DIR (PP from (NP (NP the abortion rights) (PP of (NP teen-agers))))) (PP-DIR to (NP (NP a Nov. 4 segment) (PP on (NP (NP a man) (VP named (S (NP-SBJ *) (NP-PRD Willie Bosket))) , (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP (VP calls (S (NP-SBJ himself) (NP-PRD a `` monster ''))) and (VP is (VP reputed (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP the toughest prisoner) (PP-LOC in (NP New York))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP CBS News) , (SBAR (WHNP-1 which) (S (ADVP-TMP (ADVP as recently) (PP as (ADVP-TMP (NP two years) ago))) (NP-SBJ *T*-1) (VP fired (NP (NP hundreds) (PP of (NP its employees))) (PP-LOC in (NP budget cutbacks))))) ,) (ADVP-TMP now) (VP hires (NP (NP featured actors) (VP beginning (PP-CLR at (NP (NP $ 2,700 *U*) (NP-ADV a week)))))) .)) (TOP (S (NP-SBJ That) (VP is n't (NP-PRD much) (PP compared (PP with (NP (SBAR-NOM (WHNP-4 what) (S (NP-SBJ Bill Cosby) (VP makes (NP *T*-4)))) , or (ADVP even) (NP (NP Connie Chung) (PRN (PP for (NP that matter))) (PRN -LRB- (SBAR (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP is (VP paid (NP *-1) (NP (NP (QP $ 1.6 million) *U*) (NP-ADV a year)))))) and (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (ADVP-TMP recently) (VP did (NP (NP a guest shot) (PP of (NP her own)) (PP-LOC on (NP (NP the sitcom) `` (NP-TTL Murphy Brown) ''))))))) -RRB-)))))) .)) (TOP (S But (NP-SBJ the money) (VP is n't (NP-PRD peanuts) (ADVP either) , (PP (ADVP particularly) for (NP a news program))) .)) (TOP (S (NP-SBJ CBS News) (VP is (ADVP also) (VP re-enacting (NP (NP the 1979 Three Mile Island nuclear accident) (PP-LOC in (NP (NP Middletown) , (NP Pa.)))) , (PP with (NP (NP something) (ADJP (ADJP less) (PP than (NP (NP a cast) (PP of (NP thousands))))))))) .)) (TOP (S (NP-SBJ It) (VP is (VP combing (NP (NP the town) (PP of (NP 10,000))) (PP-CLR for (NP (QP about 200) extras)))) .)) (TOP (S (PP-TMP On (NP Oct. 20)) , (NP-SBJ-1 (NP (NP the town 's) mayor) , (NP Robert Reid) ,) (VP made (NP an announcement) (PP on (NP (NP behalf) (PP of (NP CBS)))) (PP-TMP during (NP half-time)) (PP-LOC at (NP the Middletown High School football game)) (S-ADV (NP-SBJ *-1) (VP asking (PP-CLR for (NP volunteers))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP was (NP-PRD (NP a roll) (PP of (NP laughter)) (PP through (NP the stands))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Joe Sukle) , (NP (NP the editor) (PP of (NP (NP the weekly Press and Journal) (PP-LOC in (NP Middletown)))))) .)) (TOP (S `` (S (NP-SBJ They) (VP 're (VP filming (ADVP-TMP right now) (PP-LOC at (NP (NP the bank) (ADVP-LOC down (NP the street))))))) , and (S (NP-SBJ they) (VP want (NP (NP shots) (PP of (NP (NP (NP people) (VP getting (PP-CLR out (PP of (NP cars))))) and (NP (NP kids) (PP-LOC on (NP skateboards)))))))) .)) (TOP (S (NP-SBJ They) (VP are (VP (VP approaching (NP (NP everyone) (PP-LOC on (NP the street)))) and (VP asking (SBAR if (S (NP-SBJ-1 they) (VP want (S (NP-SBJ *-1) (VP to (VP be (PP-PRD in (NP a docudrama))))))))))) . '')) (TOP (S (NP-SBJ Mr. Sukle) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP would n't (VP dream (PP-CLR of (S-NOM (NP-SBJ *-1) (VP participating (NP-ADV himself))))))))) :)) (TOP (NP `` No way .)) (TOP (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ re-enactments) (VP stink)))) . '')) (TOP (S (SBAR-ADV Though (S (NP-SBJ a re-enactment) (VP may (VP have (NP the flavor))))) , (NP-PRD-TPC-1 (NP Hollywood) (PP-LOC on (NP the Hudson))) (NP-SBJ it) (VP is n't (NP-PRD *-1)) .)) (TOP (S (NP-SBJ Some producers) (VP seem (ADJP-PRD (ADJP tentative (PP about (NP the technique))) , (ADJP squeamish) (ADVP even))) .)) (TOP (S So (NP-SBJ the results) , (SBAR-ADV while (FRAG not (NP-PRD news))) , (VP (VP are n't (ADVP exactly) (NP-PRD-1 theater) (ADVP either)) , (VP (ADVP at least) not (NP=1 good theater))) .)) (TOP (S And (NP-SBJ some people) (VP do (VP think (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP acting (PRT out) (NP scripts))) (VP is n't (ADJP-PRD worthy (PP of (NP (NP CBS News) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP once) (VP (VP lent (NP prestige) (PP-DTV to (NP the network))) and (VP set (NP standards) (PP for (NP the industry)))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP his review) (PP of `` (NP-TTL (NP Saturday Night) (PP With (NP Connie Chung)))))) , '' (NP-SBJ (NP Tom Shales) , (NP (NP (NP the TV critic) (PP of (NP the Washington Post))) and (ADVP generally) (NP (NP an admirer) (PP of (NP CBS)))) ,) (VP wrote (SBAR that (S (SBAR-ADV while (S (NP-SBJ the show) (VP is `` (ADJP-PRD impressive)))) , ... (NP-SBJ-1 one) (VP has (S (NP-SBJ *-1) (VP to (VP wonder (SBAR if (S (NP-SBJ this) (VP is (NP-PRD (NP the proper direction) (SBAR (WHNP-2 0) for (S (NP-SBJ a network news division) (VP to (VP take (NP *T*-2)))))))))))))))) . '')) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Re-creating (NP events))) (VP has , (PP in (ADJP general)) , (VP upset (NP (NP news traditionalists) , (PP including (NP (NP former CBS News President Richard S. Salant) and (NP former NBC News President Reuven Frank) , (NP former CBS News anchorman Walter Cronkite) and (NP (NP the new dean) (PP of (NP (NP the Columbia University Graduate School) (PP of (NP Journalism)))) , (NP Joan Konner))))))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ she) : `` (S-1 (S (SBAR-TMP Once (S (NP-SBJ you) (VP add (NP dramatizations)))) , (S (NP-SBJ it) (VP 's (ADVP-TMP no longer) (NP-PRD news))) , (S (NP-SBJ it) (VP 's (NP-PRD drama))) ,) and (S (NP-SBJ that) (VP has (NP no place) (PP-LOC on (NP a network news broadcast))))) ... .)) (TOP (S (NP-SBJ They) (VP should (ADVP-TMP never) (VP be (ADVP-PRD on))) .)) (TOP (ADVP-TMP Never . '')) (TOP (S (NP-SBJ (NP Criticism) (PP of (NP the Abbie Hoffman segment))) (VP is (ADJP-PRD particularly scathing) (PP-LOC among (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP knew and loved (NP the man))))))) .)) (TOP (S (NP-SBJ That) (VP includes (NP (NP (NP (NP his companion) (PP of (NP 15 years))) , (NP Johanna Lawrenson) ,) (CONJP as well as) (NP (NP his former wife) , (NP Anita)))) .)) (TOP (S (NP-SBJ Both women) (VP say (SBAR 0 (S (NP-SBJ they) (ADVP also) (VP find (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD distasteful) (SBAR-1 that (S (NP-SBJ CBS News) (VP is (ADVP apparently) (VP concentrating (PP-CLR on (NP (NP (NP Mr. Hoffman 's) problems) (PP as (NP a manic-depressive))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ This) (VP (VP is (ADJP-PRD dangerous)) and (VP misrepresents (NP (NP Abbie 's) life)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Ms. Lawrenson) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP had (NP (NP an advance look) (PP at (NP the 36-page script)))))))) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD (NP a sensational piece) (PP about (NP (NP someone) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP is not (ADVP-LOC-PRD here) (S-PRP (NP-SBJ *-2) (VP to (VP defend (NP himself))))))))))) . '')) (TOP (S (NP-SBJ Mrs. Hoffman) (VP says (SBAR that (S (NP-SBJ dramatization) `` (VP makes (S (NP-SBJ the truth) (ADJP-PRD flexible)))))) .)) (TOP (S (NP-SBJ It) (VP (VP takes (NP (NP one person 's) account)) and (VP gives (NP it) (NP authenticity))) . '')) (TOP (S (NP-SBJ CBS News) (VP interviewed (NP (NP Jack Hoffman) and (NP (NP his sister) , (NP Phyllis) ,) (CONJP as well as) (NP (NP (NP Mr. Hoffman 's) landlord) (PP-LOC in (NP (NP Solebury Township) , (NP Pa)))))) .)) (TOP (FRAG (ADVP Also) (NP (NP Jonathan Silvers) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP collaborated (PP-CLR with (NP Mr. Hoffman)) (PP-CLR on (NP two books)))))) .)) (TOP (S (NP-SBJ Mr. Silvers) (VP says , `` (S (S (NP-SBJ-2 I) (VP wanted (S (NP-SBJ-1 *-2) (VP to (VP be (VP interviewed (NP *-1))))) (S-PRP (NP-SBJ *-2) (VP to (VP get (S (NP-SBJ (NP Abbie 's) story) (ADVP-PRD out))))))) , and (S (ADVP maybe) (S-NOM-SBJ (NP-SBJ *) (VP talking (PP-CLR about (NP the illness)))) (VP will (VP do (NP some good)))))) . '')) (TOP (S (NP-SBJ-1 (NP (NP The executive producer) (PP of `` (NP-TTL (NP Saturday Night) (PP With (NP Connie Chung))))) , '' (NP Andrew Lack) ,) (VP declines (S (NP-SBJ *-1) (VP to (VP discuss (NP (NP (NP re-creactions) (PP as (NP a practice))) or (NP his show) , (PP in (ADJP particular))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP do n't (VP talk (PP-CLR about (NP my work))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP (NP The president) (PP of (NP CBS News))) , (NP David W. Burke) ,) (VP did n't (VP return (NP numerous telephone calls))) .)) (TOP (S (NP-SBJ (NP One person) (ADJP close (PP to (NP the process)))) (VP (VP says (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP would not (VP be (PP-PRD in (NP (NP the best interest) (PP of (NP CBS News)))) (S-1 (NP-SBJ *) (VP to (VP comment (PP-CLR on (NP (NP (NP a `` work) (PP-LOC in (NP progress))) , '' (PP such as (NP the Hoffman re-creation)))))))))))) , but (VP says (SBAR 0 (S (NP-SBJ CBS News) (VP is (ADJP-PRD `` aware '' (PP of (NP (NP the concerns) (PP of (NP (NP Ms. Lawrenson) and (NP (NP Mr. Hoffman 's) former wife))))))))))) .)) (TOP (S (NP-SBJ-1 Neither woman) (VP was (VP invited (NP-3 *-1) (PP by (NP-LGS CBS News)) (S (NP-SBJ *-3) (VP to (VP participate (PP-CLR in (NP (NP a round-table discussion) (PP about (NP Mr. Hoffman)) (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP is (S (NP-SBJ *-4) (VP to (VP follow (NP the re-enactment)))))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Lieber) , (NP (NP the actor) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP plays (NP Mr. Hoffman))))) ,) (VP says (SBAR (SBAR 0 (S (NP-SBJ he) (VP was (ADJP-PRD concerned (SBAR *ICH*-4)) (PP-TMP at (ADJP first)) (SBAR-4 that (S (NP-SBJ the script) (VP would `` (VP misrepresent (NP (NP an astute political mind) , (NP (NP one) (SBAR (WHNP-3 that) (S (NP-SBJ I) (VP admired (NP *T*-3))))) , '')))))))) but (SBAR that (S (NP-SBJ-1 his concerns) (VP were (VP allayed (NP *-1))))))) .)) (TOP (S-3 (NP-SBJ The producers) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-3)))) ,) (VP did (NP (NP a good job) (PP of (S-NOM (NP-SBJ *) (VP depicting (NP (NP someone) `` (SBAR (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP done (NP so much))))) , but (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP was (ADVP also) (NP-PRD a manic-depressive))))))))))) .)) (TOP (S (NP-SBJ (NP Dentsu Inc.) , (NP (NP (NP the world 's) largest advertising agency) (PP on (NP (NP the strength) (PP of (NP (NP its dominance) (PP-LOC in (NP the Japanese market)))))))) , (VP is (VP setting (NP its sights) (PP-CLR on (NP overseas expansion)))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ Dentsu) (VP started (NP (NP HDM) , (NP (NP a joint network) (PP with (NP (NP U.S. ad agency Young & Rubicam) and (NP (NP Eurocom) (PP of (NP France)))))))) .)) (TOP (S (ADVP-TMP (NP-ADV A few months) ago) , (NP-SBJ Dentsu) (VP acquired (NP (NP 69 %) (PP of (NP Australian agency Fortune Communication Holdings Ltd.))) (PP-CLR for (NP (NP (QP 5.9 million) Australian dollars) (PRN -LRB- (NP (QP US$ 4.6 million) *U*) -RRB-)))) .)) (TOP (S (S (NP-SBJ Dentsu) (VP has (NP U.S. subsidiaries))) , but (S (NP-SBJ they) (VP keep (NP low profiles))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ (NP the giant marketing company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP holds (NP (NP 25 %) (PP of (NP (NP Japan 's) (ADJP (ADJP (QP 4.4 trillion) yen) (PRN -LRB- (ADJP (QP $ 30.96 billion) *U*) -RRB-)) advertising industry)))))) ,) (VP is (VP considering (NP (NP the acquisition) (PP of (NP (NP an advertising network) (PP-LOC in (NP (NP the U.S.) or (NP Europe)))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP is (VP driving (NP (NP Dentsu 's) international expansion))))) (ADVP largely) (VP is (NP-PRD the need (S (NP-SBJ *) (VP to (VP keep (PRT up) (PP-CLR with (NP its Japanese clients)) (SBAR-TMP as (S (NP-SBJ they) (VP grow (PP-LOC in (NP (NP the U.S.) and (NP Europe))))))))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ we) (VP do n't (VP do (NP something))))) ... (NP-SBJ-2 we) (VP wo n't (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP catch (PRT up) (PP-CLR with (NP demand))))))))) , '' (VP says (S *T*-1)) (NP-SBJ a Dentsu spokesman) .)) (TOP (S `` (NP-SBJ Our president) (VP said (SBAR 0 (S (NP-SBJ acquisition) (VP is (NP-PRD an effective method))))) . '')) (TOP (S (S (NP-TMP Last year) , (NP-SBJ (NP Dentsu 's) foreign business) (VP accounted (PP-CLR for (NP (NP (QP less than 10) %) (PP of (NP total billings)))))) , but (S (NP-SBJ the company) (VP is (VP aiming (PP-CLR at (NP (NP 20 %) (PP-TMP in (NP the near future))))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ-1 it) (VP appears (ADJP-PRD cautious (PP about (S-NOM (NP-SBJ *-1) (VP taking (NP the big step)))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ the spokesman) (VP says (SBAR 0 (S (NP-SBJ-1 Dentsu) (VP has (VP been (VP approached (NP-2 *-1) (PP by (NP-LGS (NP banks) and (NP securities companies))) (NP-TMP (NP a number) (PP of (NP times))) (S-CLR (NP-SBJ *-2) (VP to (VP invest (PP-CLR in (NP the troubled British marketing group Saatchi & Saatchi PLC))))))))))) .)) (TOP (S But (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ Dentsu) (VP has n't (VP looked (ADVP-MNR seriously) (PP-CLR at (NP Saatchi))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ Dentsu) (VP says (SBAR 0 (S (NP-SBJ it) (VP has (NP no concrete (NX (NX acquisition plans) or (NX deadlines))))))))) , (NP-SBJ it) (VP is (VP laying (NP (NP the groundwork) (PP for (NP international growth))))) .)) (TOP (S (NP-SBJ It) (VP is (VP setting (PRT up) (NP (NP a special team) (PP in (NP (NP charge) (PP of (NP (NP international markets) and (S-NOM (NP-SBJ *) (VP training (S (NP-SBJ workers) (VP to (VP do (NP business) (ADVP-LOC abroad))))))))))))) .)) (TOP (S (PP For (NP (NP the year) (VP ended (NP-TMP March 31)))) , (S (NP-SBJ Dentsu sales) (VP rose (NP-EXT 19 %) (PP-DIR to (NP (QP $ 8.9 billion) *U*)) (PP-DIR from (NP (QP $ 7.5 billion) *U*)))) , and (S (NP-SBJ net income) (VP jumped (NP-EXT 59 %) (PP-DIR to (NP (QP $ 102 million) *U*)) (PP-DIR from (NP (QP $ 64 million) *U*)))) .)) (TOP (S (NP-SBJ (NP Dentsu 's) billings) (NP-TMP last year) (VP were (ADJP-PRD (ADJP larger) (PP than (NP (NP those) (PP of (NP (NP Young & Rubicam) , (NP (NP the world 's) second-largest ad agency)))))) , (PP according (PP to (NP (NP a survey) (PP by (NP the publication Advertising Age)))))) .)) (TOP (S But (NP-SBJ (NP success overseas) (PP-LOC in (NP unfamiliar markets))) (VP could (VP be (ADJP-PRD (ADJP trickier) (PP than (PP for (NP (NP other industries) (PP such as (NP manufacturers)))))))) .)) (TOP (S (PP On (NP its own)) , (NP-SBJ (NP (NP Dentsu 's) muscle) (PP-LOC in (NP Japan))) (VP may (VP count (PP-CLR for (NP little)) (PP-LOC in (NP major foreign markets)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ *) (VP seeking (NP non-Japanese clients) (ADVP-TMP *T*-1)))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ an acquisition) (VP may (VP prove (NP-PRD the necessary course))) .)) (TOP (S But (NP-SBJ-1 Japanese agencies) (VP are (ADJP-PRD cautious (PP about (S-NOM (NP-SBJ *-1) (VP expanding (ADVP-LOC abroad))))) (SBAR-PRP because (S (NP-SBJ client relationships) (VP are (ADJP-PRD different))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ Japanese agencies) (VP do (NP business) (PP-CLR with (NP (NP rival clients) (PP-LOC in (NP the same industry)))) , (NP-ADV (NP a practice) `` (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP be (ADJP-PRD unacceptable) (PP by (NP traditional Western conflict rules))))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Roy Warman) , (NP (NP the London chief executive) (PP of (NP (NP Saatchi & Saatchi 's) communications division)))) .)) (TOP (S (S-TPC-1 (SBAR-ADV Although (S (S-NOM-SBJ (NP-SBJ *) (VP acquiring (NP a foreign company))) (VP would (VP expand (NP (NP Japanese advertising agencies ') business) (PP-CLR to (NP foreign clients)))))) , (NP-SBJ many clients) (VP would (ADVP also) (VP be (NP-PRD (NP Japanese companies) (VP expanding (ADVP-LOC-CLR overseas)))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ the Dentsu spokesman) .)) (TOP (S But (NP-SBJ the different business system) (VP would (VP make (S (NP-SBJ (NP it) (SBAR *ICH*-2)) (ADJP-PRD hard) (SBAR-2 for (S (NP-SBJ Dentsu) (VP to (VP provide (NP-BNF these Japanese companies) (NP (NP the same kind) (PP of (NP services)) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP do (NP *T*-1) (PP-LOC in (NP Japan))))))))))))) .)) (TOP (S (NP-SBJ (NP Ciba-Geigy AG) , (NP the big Swiss chemicals company) ,) (VP said (SBAR that (S (NP-SBJ-1 it) (VP agreed (PP-LOC in (NP (NP a letter) (PP of (NP intent)))) (PP-CLR with (NP Corning Inc.)) (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP (NP Corning 's) (ADJP 50 %) share) (PP of (NP (NP Ciba Corning Diagnostics Corp.) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Medfield) , (NP Mass)))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Ciba Corning) , (SBAR (WHNP-51 which) (S (NP-SBJ *T*-51) (VP had (VP been (NP-PRD (NP a 50-50 venture) (PP between (NP (NP Basel-based Ciba-Geigy) and (NP Corning)))))))) ,) (VP has (NP (NP annual sales) (PP of (NP (QP about $ 300 million) *U*))))) , (NP-SBJ the announcement) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP Terms) (PP of (NP the transaction))) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Ciba Corning) (VP makes (NP (NP (NP clinical diagnostics systems) and (NP related products)) (PP for (NP the medical-care industry)))) .)) (TOP (S (NP-SBJ The announcement) (VP said (SBAR 0 (S (NP-SBJ-1 the acquisition) (VP should (VP be (VP completed (NP *-1) (PP-TMP by (NP December)) (SBAR-TMP after (S (S (NP-SBJ-2 a definitive agreement) (VP is (VP completed (NP *-2)))) and (S (NP-SBJ-3 regulatory approval) (VP is (VP received (NP *-3)))))))))))) .)) (TOP (S (NP-SBJ-1 Ciba-Geigy) (VP intends (S (NP-SBJ-2 *-1) (VP to (VP develop (NP the Ciba Corning unit) (PP-CLR into (NP a `` substantial business)) , '' (S-ADV (NP-SBJ *-2) (VP making (S (NP-SBJ the unit) (NP-PRD (NP an `` integral part '') (PP of (NP (NP Ciba-Geigy 's) `` comprehensive disease management concept)))))))))) .)) (TOP (S (NP-SBJ-1 The NBC network) (VP canceled (NP (NP its first new series) (PP of (NP the fall TV season))) , (S-ADV (NP-SBJ *-1) (VP killing (NP (NP Mel Brooks 's) wacky hotel comedy `` (NX-TTL The Nutt House))))) . '')) (TOP (S (NP-SBJ (NP The show) , (NP (NP one) (PP of (NP five new NBC series))) ,) (VP is (NP-PRD (NP the second casualty) (PP of (NP the three networks))) (ADVP-TMP so far) (NP-TMP this fall)) .)) (TOP (S (NP-TMP Last week) (NP-SBJ CBS Inc.) (VP canceled `` (NP-TTL (NP The People) (ADVP-LOC Next Door))) . '')) (TOP (S (NP-SBJ-1 (NP NBC 's) comedy) (VP (VP had (VP aired (NP-TMP Wednesdays) (PP-TMP at (NP 9:30 p.m.)))) and (VP (PP-LOC in (NP five outings)) had (VP drawn (NP (NP an average) (PP of (NP (NP (QP only 13.2) %) (PP of (NP homes))))) , (S-ADV (NP-SBJ *-1) (VP lagging (PP-CLR behind (NP (NP (NP the Jamie Lee Curtis comedy `` (NX-TTL Anything But Love) '') (PP-LOC on (NP ABC))) and (NP (NP CBS 's) one-hour drama `` (NX-TTL Jake and the Fatman))))))))) . '')) (TOP (S (NP-SBJ (NP NBC) , (NP (NP a unit) (PP of (NP General Electric Co.))) ,) (VP has n't (VP decided (PP-CLR on (NP (NP a permanent replacement) (PP for (NP the canceled series)))))) .)) (TOP (S (NP-SBJ John Labatt Ltd.) (VP said (SBAR 0 (S (NP-SBJ it) (VP plans (NP (NP a private placement) (PP of (NP (NP (NP (QP 150 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 127.5 million) *U*) -RRB-)) (PP in (NP preferred shares)))) , (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP completed (NP *-1) (PP-TMP around (NP Nov. 1)))))))))))) .)) (TOP (SINV (S-TPC (NP-SBJ-1 Proceeds) (VP will (VP be (VP used (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP reduce (NP (NP short-term debt) (PP-LOC at (NP the beer and food concern)))))))))) , (VP said) (NP-SBJ (NP Robert Vaux) , (NP (NP vice president) , (NP finance))) .)) (TOP (S (NP-SBJ The preferred shares) (VP will (VP carry (NP (NP a floating annual dividend) (ADJP equal (PP to (NP (NP 72 %) (PP of (NP (NP the 30-day bankers ') acceptance rate)))))) (PP-TMP until (NP (NP Dec. 31) , (NP 1994))))) .)) (TOP (S (ADVP-TMP Thereafter) , (NP-SBJ-1 the rate) (VP will (VP be (VP renegotiated (NP *-1)))) .)) (TOP (S (NP-SBJ Mr. Vaux) (VP said (SBAR that (S (SBAR-ADV if (S (NP-SBJ-1 no agreement) (VP is (VP reached (NP *-1))))) , (NP-SBJ-2 other buyers) (VP will (VP be (VP sought (NP *-2) (PP-MNR by (NP bid or auction)))))))) .)) (TOP (S (NP-SBJ The shares) (VP are (ADJP-PRD redeemable) (PP-TMP after (NP (NP the end) (PP of (NP 1994))))) .)) (TOP (S (NP-SBJ Mr. Vaux) (VP said (SBAR 0 (S (NP-SBJ the share issue) (VP is (NP-PRD (NP part) (PP of (NP (NP a strategy) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP strengthen (NP (NP Labatt 's) balance sheet) (PP in (NP (NP anticipation) (PP of (NP (NP acquisitions) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP made (NP *-1) (PP-TMP during (NP the next (QP 12 to 18) months))))))))))) (ADVP-MNR *T*-2)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Labatt 's)) (VP has (NP (NP no takeover bids) (ADJP outstanding)) (ADVP-TMP currently))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Lead underwriter) (PP to (NP the issue))) (VP is (NP-PRD Toronto Dominion Securities Inc)) .)) (TOP (S (NP-SBJ-1 Texas Instruments Inc.) , (S-ADV (NP-SBJ *-1) (ADVP-TMP once) (NP-PRD (NP a pioneer) (PP-LOC in (NP portable computer technology)))) , (NP-TMP today) (VP will (VP make (NP a bid (S (NP-SBJ-2 *) (VP to (VP reassert (NP itself) (PP-LOC in (NP that business)) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP unveiling (NP three small personal computers)))))))))) .)) (TOP (S (NP-SBJ-3 The announcements) (VP (VP are (VP scheduled (S (NP-SBJ-1 *-3) (VP to (VP be (VP made (NP *-1) (PP-LOC in (NP (NP Temple) , (NP Texas) ,)))))))) and (VP include (NP (NP a so-called `` notebook '' PC) (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP (VP weighs (NP (QP less than seven) pounds)) , (VP has (NP a built-in hard disk drive)) and (VP is (VP powered (NP *-4) (PP by (NP-LGS (NP Intel Corp. 's) 286 microprocessor)))))))))) .)) (TOP (S (NP-SBJ That introduction) (VP comes (SBAR-TMP (NP-ADV (QP only two) weeks) after (S (NP-SBJ-1 Compaq Computer Corp.) , (S-ADV (NP-SBJ *-1) (VP believing (SBAR 0 (S (NP-SBJ it) (VP had (NP (NP a lead) (PP of (NP (QP three to six) months)) (PP on (NP competitors)))))))) , (VP introduced (NP (NP the first U.S. notebook computer) (PP with (NP such features))))))) .)) (TOP (S (PP Despite (NP (NP the inevitable comparison) (PP with (NP Compaq)))) , (ADVP however) , (NP-SBJ (NP Texas Instruments ') new notebook) (VP wo n't (VP be (NP-PRD a direct competitor))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Compaq) (VP sells (NP its machines) (PP-DTV to (NP businesses)) (PP-MNR through (NP computer retailers))))) , (NP-SBJ Texas Instruments) (VP will (VP be (VP selling (NP (NP most) (PP of (NP its machines))) (PP-CLR (PP to (NP the industrial market)) and (PP to (NP (NP value-added resellers) and (NP original-equipment manufacturers))))))) .)) (TOP (S (NP-SBJ The introductions) (ADVP also) (VP mark (NP (NP (NP Texas Instruments ') plunge) (ADVP back (PP into (NP (NP a technology) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP has (VP (ADVP all but) ignored (NP *T*-1) (PP-TMP for (NP the past several years))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the Dallas-based computer giant) (VP (VP introduced (NP-2 (NP the first portable data terminal) (NP *ICH*-1)) (PP-TMP-3 in (NP 1971)) (PRN -- (NP-1 a 38-pound monster) --)) and (VP (NP=2 (NP the world 's) first microprocessor-based portable) (PP-TMP=3 in (NP 1976)))))) , (NP-SBJ (NP the only portable machines) (SBAR (WHNP-4 0) (S (NP-SBJ it) (VP has (VP introduced (NP *T*-4) (PP-TMP since (NP (NP the first part) (PP of (NP the decade))))))))) (VP have (VP been (NP-PRD (NP `` dumb '' terminals) (PP with (NP limited on-board processing ability))))) .)) (TOP (S (NP-SBJ-1 It) (VP stopped (S (NP-SBJ *-1) (VP selling (NP a standard personal computer))) (ADVP-TMP (NP a while) ago)) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ-1 that) (VP is (VP about (S (NP-SBJ *-1) (VP to (VP change))) , (SBAR-TMP as (S (NP-SBJ-2 Texas Instruments) (VP begins (S (NP-SBJ *-2) (VP marketing (NP (NP two 14-pound laptop PCs) (PP with (NP 20 megabyte and 40 megabyte hard drives)))))))))) .)) (TOP (S (NP-SBJ The laptops) (VP (VP are not (ADJP-PRD revolutionary)) and (VP , (ADVP indeed) , are (ADJP-PRD tardy) (PP-LOC in (NP (NP a market) (VP (ADVP-TMP first) opened (NP *) (PP by (NP-LGS (NP GRiD Systems Corp.) , (ADVP-TMP now) (NP (NP a unit) (PP of (NP Tandy Corp.))))) , (ADVP-TMP (NP (QP almost two) years) ago)))))) .)) (TOP (S But (NP-SBJ (NP the notebook) , (PP with (NP the (ADJP more advanced) (NX (NX microprocessor) and (NX hard disk)))) ,) (VP is (ADJP-PRD more innovative)) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Weighing (NP 6.7 pounds) (PP with (NP battery)))) , (NP-SBJ-2 the notebook) (VP (VP measures (NP (QP 8.2 by 11.7) inches)) , (VP has (NP a 20-megabyte hard disk drive)) and (VP boasts (NP (NP a backlit screen) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD (ADJP (NP-ADV 22 %) larger) (PP than (NP Compaq 's))))))))) .)) (TOP (S (S (NP-SBJ Its keyboard) , (PP according (PP to (NP industry consultants))) , (VP is (ADJP-PRD (ADJP better) (PP than (NP Compaq 's))))) , but (S (NP-SBJ (NP its battery life) (PP of (NP (QP two to three) hours))) (VP is (ADJP-PRD shorter))) .)) (TOP (S (NP-SBJ It) (VP does n't (VP have (NP an internal floppy disk drive) , (SBAR-ADV although (S (NP-SBJ-1 a snap-on drive) (VP can (VP be (VP purchased (NP *-1) (ADVP-MNR separately)))))))) .)) (TOP (S (NP-SBJ Its greatest drawback) (VP may (VP be (NP-PRD (NP its 3-inch thickness) , (ADJP big enough (SBAR for (S (NP-SBJ one consultant) (VP to (VP describe (NP it) (PP-CLR as `` (ADJP clunky)))))))))) . '')) (TOP (S (NP-SBJ (NP List prices) (PP on (NP the heavier Texas Instrument laptops))) (VP will (VP be (NP-PRD (NP (NP $ 4,999 *U*) (PP for (NP (NP the TI Model 25) , (PP with (NP a 20 megabyte disk drive)) ,))) and (NP (NP $ 5,599 *U*) (PP for (NP the 40-megabyte Model 45)))))) .)) (TOP (S (NP-SBJ-1 (NP The notebook) , (NP the TI Model 12) ,) (VP will (VP be (VP priced (NP *-1) (PP-CLR at (NP $ 4,199 *U*))))) .)) (TOP (S (NP-SBJ Shearson Lehman Hutton Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP applied (PP-CLR to (NP Taiwanese securities officials)) (PP-CLR for (NP permission (S (NP-SBJ *) (VP to (VP open (NP brokerage offices) (PP-LOC in (NP Taipei))))))))))) .)) (TOP (S (NP-SBJ (NP Shearson 's) application) (VP is (NP-PRD the first) (SBAR-TMP since (S (NP-SBJ the Taiwan Securities and Exchange Commission) (VP announced (NP-TMP June 21) (SBAR that (S (NP-SBJ it) (VP would (VP allow (S (NP-SBJ foreign brokerage firms) (VP to (VP do (NP business) (PP-LOC in (NP that country))))))))))))) .)) (TOP (S (NP-SBJ-1 Taiwan officials) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP review (NP the Shearson application) (NP-TMP later this year)))))) .)) (TOP (S (PP-LOC Under (NP current rules)) , (NP-SBJ (NP investors) (PP-LOC in (NP Taiwan))) (VP can (VP buy (NP overseas stocks) (PP-CLR (ADVP only) through (NP (NP the purchase) (PP of (NP (NP mutual funds) (VP issued (NP *) (PP by (NP-LGS (ADJP local and foreign) investment trusts))))))))) .)) (TOP (S (NP-SBJ The new rules) (VP will (VP allow (S (NP-SBJ investors) (VP to (VP buy (NP foreign stocks) (ADVP-MNR directly)))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP Shearson))) (VP said (SBAR 0 (S (NP-SBJ-1 the brokerage service) (VP will (VP be (VP directed (NP *-1) (PP-CLR at (NP (NP individual investors) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP want (S (NP-SBJ *-3) (VP to (VP buy (NP (ADJP foreign and domestic) stocks))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD (NP an attractive market) (PP with (NP good growth opportunities))))) , '' (NP-SBJ he) (VP added (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Retailers) (PP-LOC in (NP (NP the West) and (NP (NP parts) (PP of (NP the South)))))) (VP are (VP entering (NP the critical Christmas shopping season) (PP with (NP (NP more momentum) (PP than (NP (NP those) (PP-LOC in (NP other regions)))))))) .)) (TOP (S (PP-LOC In (NP a new report)) , (NP-SBJ (NP the International Council) (PP of (NP Shopping Centers))) (VP said (SBAR 0 (S (NP-SBJ (NP sales) (PP of (NP general merchandise)) (PP-LOC in (NP the West)) (PP for (NP (NP the first seven months) (PP of (NP 1989))))) (VP rose (PP-DIR (NP-ADV 6.6 %) above (NP year-earlier levels)))))) .)) (TOP (S (NP-SBJ Sales) (VP (VP increased (NP-EXT-2 a (ADJP more modest) 4.8 %) (PP-LOC-1 in (NP the South))) and (VP (NP-EXT=2 4.4 %) (PP-LOC=1 in (NP the Midwest)))) .)) (TOP (S (S-TPC-1 But (S (NP-SBJ (NP sales) (PP-LOC in (NP (NP the oil-patch state) (PP of (NP Texas))))) (VP surged (NP-EXT 12.9 %))) and (S (NP-SBJ (NP sales) (PP-LOC in (NP South Carolina))) (VP jumped (NP-EXT 10.6 %) (PP-TMP in (NP the period))))) , (NP-SBJ the New York trade group) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC In (NP the Northeast)) , (ADVP however) , (NP-SBJ sales) (VP declined (NP-EXT 0.4 %) (PP-TMP in (NP the period)) , (PP with (S-NOM (NP-SBJ (NP sales) (PP-LOC in (NP New England))) (VP falling (NP-EXT 2.6 %))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The numbers) (VP show (SBAR that `` (S (NP-SBJ we) (VP do n't (VP have (NP a monolithic economy))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Isaac Lagnado) , (NP council research director)) .)) (TOP (S `` (NP-SBJ There) (VP are (NP-PRD (NP a lot) (PP of (NP (ADJP have and have-not) markets)))) . '')) (TOP (S (S-TPC-1 (NP-SBJ Sales) (ADVP-LOC nationally) (VP rose (NP-EXT 3.9 %) (PP-TMP through (NP (NP July) , (NP (NP the latest month) (SBAR (WHPP-2 for (WHNP which)) (S (NP-SBJ the figures) (VP are (ADJP-PRD available) (PP *T*-2))))))))) , (NP-SBJ the council) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP The Northern California earthquake) and (NP Hurricane Hugo)) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (ADVP-TMP temporarily) (VP damp (NP sales growth) (PP-LOC in (NP (NP the West) and (NP South Carolina)))))))) .)) (TOP (S But (NP-SBJ Mr. Lagnado) (VP predicted (SBAR 0 (S (NP-SBJ the regional trends) (VP would (VP continue (PP-TMP-CLR through (NP Christmas))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The big mo) (VP is (NP-PRD (NP as much) (PP of (NP a factor)) (PP-LOC in (NP retailing)) (PP as (PP-LOC in (NP politics)))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ The Christmas quarter) (VP is (ADJP-PRD important (PP to (NP retailers))) (SBAR-PRP because (S (NP-SBJ it) (VP represents (NP (NP (NP (QP roughly a third)) (PP of (NP their sales))) and (NP (NP (QP nearly half)) (PP of (NP their profits)))))))) .)) (TOP (S (NP-SBJ-1 (NP The council 's) report) (VP is (VP based (NP *-1) (PP-CLR on (NP (NP data) (SBAR (WHNP-2 0) (S (NP-SBJ the trade group) (VP buys (NP *T*-2) (PP-CLR from (NP the U.S. Census Bureau))))))))) .)) (TOP (S (NP-SBJ-1 (NP The information) (PP on (NP 125 metropolitan markets))) (VP is (VP supplied (NP *-1) (PP by (NP-LGS (NP (NP retailers) (PP such as (NP (NP Sears , Roebuck & Co.) and (NP K mart Corp.)))) (CONJP as well as) (NP (NP (ADJP closely held) concerns) (PP such as (NP R.H. Macy & Co))))))) .)) (TOP (S (NP-SBJ-1 The council) (VP plans (S (NP-SBJ *-1) (VP to (VP release (NP its regional reports) (ADVP-TMP monthly))))) .)) (TOP (S (NP-SBJ Mr. Lagnado) (VP said (S (NP-SBJ-1 (NP strength) (PP-LOC in (NP employment))) (VP appears (S (NP-SBJ *-1) (VP to (VP have (NP (NP the biggest impact) (PP on (NP sales growth))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP El Paso) , (NP Austin) and (NP Fort Worth)) , (NP (NP the three strongest retail markets) (PP-LOC in (NP the nation))) ,) (VP are all (VP located (NP *-1) (PP-LOC-CLR in (NP (NP Texas) , (SBAR (WHADVP-2 where) (S (NP-SBJ employment) (VP grew (NP-EXT a (ADJP relatively strong) 2 %) (ADVP-LOC *T*-2)))))))) .)) (TOP (S (NP-SBJ (NP Massachusetts) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP lost (NP (NP jobs) (PP-LOC in (NP the (UCP computer and defense-related) industries))))))) ,) (VP was (NP-PRD the weakest link) (PP-LOC in (NP bleak New England))) .)) (TOP (S (NP-SBJ The results) (VP reflect (NP (NP a reversal) (PP-LOC in (NP (NP the fortunes) (PP of (NP the regions))))) (PP-TMP during (NP the past two years))) .)) (TOP (S (PP-TMP In (NP 1987)) , (S (NP-SBJ the West) (VP had (NP the slowest sales growth))) , and (S (NP-SBJ (NP the South) and (NP the Midwest)) (VP were (ADJP-PRD first and second) (ADVP respectively))) , (PP according (PP to (NP the council))) .)) (TOP (S (NP-SBJ Mr. Lagnado) (VP said (SBAR that (S (SBAR-ADV although (S (NP-SBJ retailers) (ADVP probably) (VP wo n't (ADVP-TMP ever) (VP recover (NP (NP sales) (VP lost (NP *) (PP-PRP because of (NP (NP the California quake) and (NP Hurricane Hugo))))))))) , (NP-SBJ they) (VP could (VP see (NP some benefits) (ADVP-TMP later on)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Stores) (PP such as (NP Sears)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP sell (NP big-ticket durable goods))))) (VP might (ADVP actually) (VP get (NP a boost) (SBAR-TMP as (S (NP-SBJ-3 consumers) (VP rush (S (NP-SBJ *-3) (VP to (VP replace (NP (NP items) (VP lost (NP *) (PP-LOC in (NP the disasters))))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Kerr-McGee Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP spend (NP (QP $ 42 million) *U*) (S-PRP (NP-SBJ *-1) (VP to (VP (VP purchase (NP land)) and (VP relocate (NP its ammonium perchlorate storage facility) (PP-CLR to (NP (NP Clark County) , (NP Nev.) ,)) (PP-CLR from (NP (NP Henderson) , (NP Nev)))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP move (NP (NP the storage) and (NP cross-blending operations)) (PP-CLR to (NP (NP a site) (ADVP (NP-ADV 23 miles) northeast (PP of (NP Las Vegas))))) (S-PRP (NP-SBJ *-1) (VP to (VP distance (NP the operations) (PP-CLR from (NP residential areas)))))))))) .)) (TOP (S (NP-SBJ Ammonium perchlorate) (VP is (NP-PRD (NP an oxidizer) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP is (VP mixed (NP *-1) (PP-CLR with (NP a propellant)) (S-PRP (NP-SBJ *) (VP to (VP make (NP (NP rocket fuel) (VP used (NP *) (PP-LOC-CLR in (NP (NP the space shuttle) and (NP military rockets)))))))))))))) .)) (TOP (S (PP-TMP In (NP May 1988)) , (NP-SBJ-1 (NP an ammonium perchlorate plant) (PP-LOC in (NP Henderson)) (VP owned (NP *) (PP by (NP-LGS an American Pacific Corp. unit)))) (VP was (VP leveled (NP *-1) (PP by (NP-LGS (NP a series) (PP of (NP explosions)))))) .)) (TOP (S (PP-TMP After (NP the explosion)) , (NP-SBJ Kerr-McGee) (ADVP-TMP temporarily) (VP shut (PRT down) (NP (NP its facility) (ADVP just south (PP of (NP Las Vegas)))) (PP-PRP for (NP a safety inspection))) .)) (TOP (S (NP-SBJ (NP American Pacific) and (NP Kerr-McGee)) (VP are (NP-PRD (NP the (QP only two) U.S. manufacturers) (PP of (NP ammonium perchlorate)))) .)) (TOP (S (S-TPC-3 (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 the plant) (VP was (VP destroyed (NP *-1) (ADVP-TMP *T*-2))))) , `` (NP-SBJ I) (VP think (S (NP-SBJ everyone) (VP got (ADJP-PRD concerned (SBAR that (S (NP-SBJ the same thing) (VP would (VP happen (PP-LOC at (NP our plant))))))))))) , '' (NP-SBJ a KerrMcGee spokeswoman) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ That) (VP prompted (S (NP-SBJ-1 Kerr-McGee) (VP to (VP consider (S (NP-SBJ *-1) (VP moving (NP the (ADJP potentially volatile) (NX (NX storage facilities) and (NX cross-blending operations))) (ADVP-DIR away (PP from (NP town))))))))) .)) (TOP (S (NP-SBJ Kerr-McGee) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP has (VP (VP purchased (NP 3,350 acres) (PP-CLR from (NP the federal government)) (PP-LOC in (NP Clark County))) and (VP plans (S (NP-SBJ *-1) (VP to (VP begin (NP construction) (NP-TMP early next year)))))))))) .)) (TOP (S (NP-SBJ-1 The new facility) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP begin (NP operations) (PP-TMP in (NP early 1991))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The Henderson plant) (VP will (VP continue (NP its other chemical operations)))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP This maker) (PP of (NP electronic devices))) (VP said (SBAR 0 (S (NP-SBJ it) (VP replaced (NP (QP all five) incumbent directors) (PP-LOC at (NP (NP a special meeting) (VP called (NP *) (PP by (NP-LGS (NP Milton B. Hollander) , (SBAR (WHNP-1 (WHNP whose High Technology Holding Co.) (PP of (NP (NP Stamford) , (NP-LOC Conn.)))) (S (NP-SBJ *T*-1) (VP acquired (NP (NP most) (PP of (NP (NP its (ADJP 49.4 %) stake) (PP in (NP Newport))))) (PP-TMP in (NP August)))))))))))))) .)) (TOP (SINV (VP-TPC-1 Elected (NP *-2) (PP-CLR as (NP directors))) (VP were (VP *T*-1)) (NP-SBJ-2 (NP Mr. Hollander) , (NP Frederick Ezekiel) , (NP Frederick Ross) , (NP Arthur B. Crozier) and (NP Rose Pothier)) .)) (TOP (SINV (VP-TPC-1 Removed (NP *-2) (PP-CLR from (NP office))) (VP were (VP *T*-1)) (NP-SBJ-2 (NP George Pratt) , (NP Robert E. Davis) , (NP Norman Gray) , (NP (NP John Virtue) , (NP corporate secretary)) , and (NP (NP Barrett B. Weekes) , (NP (NP chairman) , (NP president) and (NP chief executive officer)))) .)) (TOP (S (S (NP-SBJ Newport officials) (VP did n't (VP respond (NP-TMP Friday) (PP-CLR to (NP requests (S (NP-SBJ *) (VP to (VP discuss (NP (NP the changes) (PP-LOC at (NP the company))))))))))) but (S (ADVP-TMP earlier) , (NP-SBJ Mr. Weekes) (VP had (VP said (SBAR 0 (S (NP-SBJ-1 Mr. Hollander) (VP wanted (S (NP-SBJ *-1) (VP to (VP have (NP his own team) (PP-LOC on (NP the board))))))))))) .)) (TOP (S (NP-SBJ (NP Shiseido Co.) , (NP (NP Japan 's) leading cosmetics producer) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (NP (NP net income) (PP of (NP (NP (QP 5.64 billion) yen) (PRN -LRB- (NP (QP $ 39.7 million) *U*) -RRB-)))) (PP-TMP in (NP (NP its first half) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP ended (NP-TMP Sept. 30)))))))))) .)) (TOP (S (NP-SBJ (NP Exact comparisons) (PP with (NP the previous year))) (VP were (ADJP-PRD unavailable) (PP-PRP because of (NP (NP a change) (PP-LOC in (NP (NP the company 's) fiscal calendar))))) .)) (TOP (S (NP-SBJ The Tokyo-based company) (VP had (NP (NP net) (PP of (NP (QP 3.73 billion) yen))) (PP-TMP in (NP (NP the previous reporting period) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP the four months) (VP ended (NP-TMP March 31))))))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP-TMP in (NP the first half))) (VP came (PP-CLR to (NP (QP 159.92 billion) yen)) , (PP compared (PP with (NP 104.79 billion yen))) (PP-TMP in (NP the four-month period))) .)) (TOP (S (NP-SBJ Shiseido) (VP predicted (SBAR that (S (NP-SBJ (NP sales) (PP for (NP (NP the year) (VP ending (NP-TMP next March 31))))) (VP will (VP be (NP-PRD (NP (QP 318 billion) yen) , (PP compared (PP with (NP (NP (QP 340.83 billion) yen) (PP-TMP in (NP (NP the year) (VP ended (NP-TMP Nov. 30 , 1988))))))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ net) (VP to (VP rise (PP-DIR to (NP (QP 11 billion) yen)) (PP-DIR from (NP (QP 8.22 billion) yen))))))))) .)) (TOP (S (NP-SBJ-1 (NP Bruce W. Wilkinson) , (NP (NP president) and (NP chief executive officer)) ,) (VP was (VP named (NP *-1) (PP-CLR to (NP (NP the additional post) (PP of (NP (NP chairman) (PP of (NP this (UCP architectural and design services) concern)))))))) .)) (TOP (S (NP-SBJ (NP Mr. Wilkinson) , (ADJP (NP-ADV 45 years) old) ,) (VP succeeds (NP (NP Thomas A. Bullock) , (NP 66) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP (VP retiring (PP-CLR as (NP chairman))) but (VP will (VP continue (PP-CLR as (NP (NP a director and chairman) (PP of (NP the executive committee)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Merger and acquisition activity) (PP-TMP in (NP the third quarter))) (VP exceeded (NP the year-earlier pace))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP (NP Merrill Lynch & Co. 's) W.T. Grimm & Co. unit) (PP-LOC in (NP (NP Schaumburg) , (NP Ill)))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 (NP A total) (PP of (NP 672 transactions))) (VP were (VP announced (NP *-1) (PP-TMP during (NP the latest quarter)) , (ADVP up (NP 13 %) (PP from (NP-TMP (NP the year-earlier period 's) 597)))))) , (NP-SBJ Grimm) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP Transactions) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 prices) (VP were (VP disclosed (NP *-1) (PP-LOC *T*-2)))))) (VP totaled (NP (NP (QP $ 71.9 billion) *U*) , (ADVP up (NP 36 %) (PP from (NP (QP $ 52.9 billion) *U*) (ADVP-TMP (NP a year) earlier)))))) , (NP-SBJ the company) (VP added (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Grimm) (VP counted (NP (NP 16 transactions) (VP valued (NP *) (PP-CLR at (NP (NP (QP $ 1 billion) *U* (QP or more)) (ADJP *ICH*-1))) (PP-TMP in (NP the latest period)) , (ADJP-1 (ADJP twice as many) (PP as (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ The largest) (VP was (NP-PRD (NP the (ADJP (QP $ 12 billion) *U*) merger) (VP creating (NP Bristol-Myers Squibb Co)))) .)) (TOP (S (PP-TMP In (NP the first nine months)) , (NP-SBJ-1 (NP 1,977 transactions)) (VP were (VP announced (NP *-1) , (ADVP up (NP 15 %) (PP from (NP 1,716) (PP-TMP in (NP the year-earlier period)))))) .)) (TOP (S (NP-SBJ (NP Transactions) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 prices) (VP were (VP disclosed (NP *-1) (PP-LOC *T*-2)))))) (VP totaled (NP (NP (QP $ 188.1 billion) *U*) , (ADVP up (NP 15 %) (PP from (NP (QP $ 163.2 billion) *U*) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Citing (NP (NP current stock market conditions) and (NP (NP the trend) (ADVP away (PP from (NP (ADJP highly leveraged) transactions))))))) , (NP-SBJ-1 Grimm) (VP said (SBAR 0 (S (NP-SBJ it) (VP was n't (ADJP-PRD certain (SBAR that (S (NP-SBJ (NP the total value) (PP of (NP transactions)) (PP for (NP the year))) (VP will (VP exceed (NP (NP the record (QP $ 247 billion) *U*) (PP-TMP in (NP 1988)))))))))))) .)) (TOP (S (NP-SBJ MEDICINE SHOPPE INTERNATIONAL Inc.) (VP (VP declared (NP a 3-for-2 stock split)) , and (VP (ADVP-MNR substantially) boosted (NP the dividend payout))) .)) (TOP (S (NP-SBJ (NP The franchiser) (PP of (NP pharmacies))) (VP said (SBAR 0 (S (NP-SBJ-1 the added shares) (VP will (VP be (VP distributed (NP *-1) (NP-TMP Dec. 4) (PP-CLR to (NP (NP stock) (PP of (NP record)) (NP-TMP Nov. 13))))))))) .)) (TOP (S (NP-SBJ-4 The company) (ADVP also) (VP changed (NP (NP its dividend policy) , (SBAR (WHPP-2 under (WHNP which)) (S (NP-SBJ holders) (VP had (VP received (NP an annual (ADJP 10 cents-a-share) payment) (PP-LOC *T*-2))))) ,) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP declaring (NP (NP a four-cents-a-share dividend) , (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP paid (NP *-1) (ADVP-TMP quarterly) (PP on (NP post-split shares)))))))))))) .)) (TOP (S (NP-SBJ NBI Inc.) (VP said (SBAR that (S (NP-SBJ it) (VP can not (VP pay (NP (NP the Oct. 31 dividend) (PP on (NP its Series A convertible preferred stock))) , (S-ADV (NP-SBJ *) (VP allowing (S (NP-SBJ (NP the stock 's) holder) (VP to (VP convert (NP the shares) (PP-CLR into (NP (NP (QP as much as 27.7) %) (PP of (NP (NP (NP NBI 's) shares) (ADJP outstanding))))))))))))))) .)) (TOP (S (NP-SBJ NBI) (VP said (SBAR (SBAR that (S (NP-SBJ it) (VP has (NP (NP the funds) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP pay (NP the dividend) (ADVP *T*-1))))))))) , but (SBAR that (S (NP-SBJ it) (VP does n't (VP have (NP (NP the surplus or profit) (VP required (NP *) (PP-LOC under (NP Delaware law))) (PP for (NP (NP payment) (PP of (NP the dividend))))))))))) .)) (TOP (S (NP-SBJ-1 All the preferred stock) (VP is (VP held (NP *-1) (PP by (NP-LGS the Yukon Office Supply Stock Ownership Plan)))) .)) (TOP (S (PP-LOC Under (NP (NP terms) (PP of (NP the stock)))) , (S (NP-SBJ the Yukon ESOP) (VP can (VP demand (SBAR that (S (NP-SBJ-1 the stock) (VP be (VP redeemed (NP *-1) (PP-CLR for (NP $ 4,090,000 *U*)) (PP-TMP on (NP Nov. 30))))))))) , but (S (NP-SBJ NBI) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP is (VP (ADVP-MNR legally) prohibited (NP-3 *-2) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP making (NP the redemption)))))))))) .)) (TOP (S (NP-SBJ Failure (S (NP-SBJ *) (VP to (VP pay (NP the dividend))))) (VP allows (S (NP-SBJ Yukon) (VP to (VP convert (NP (NP all or some) (PP of (NP its shares))) (PP-CLR into (NP NBI common)) (PP-TMP after (NP Nov. 30)) , (PP at (NP (NP a conversion price) (VP based (NP *) (PP-CLR on (NP (NP NBI 's) closing stock price))))))))) .)) (TOP (S (NP-SBJ (NP NBI) , (NP (NP a maker) (PP of (NP word-processing systems))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP ca n't (VP predict (SBAR if (S (NP-SBJ-1 (NP any) (PP of (NP the preferred stock))) (VP will (VP be (VP converted (NP *-1))))))))))) .)) (TOP (S (NP-SBJ NBI) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP hired (NP-1 Prudential-Bache Securities Inc.) (PP-CLR as (NP its (NX (NX financial adviser) and (NX investment banker)))) (S-PRP (NP-SBJ *-1) (VP to (VP help (S (NP-SBJ it) (VP (VP restructure (ADVP-MNR financially)) and (VP improve (NP its balance sheet)))))))))))) .)) (TOP (S (S (NP-SBJ Insurers) (VP may (VP see (NP (NP claims) (VP resulting (PP-CLR from (NP the San Francisco earthquake))) (VP totaling (NP (NP (QP nearly $ 1 billion) *U*) (PRN -- (ADJP (ADJP far less) (PP than (NP (NP the claims) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP face (NP *T*-1) (PP-CLR from (NP Hurricane Hugo)))))))) --))))))) but (S (NP-SBJ (NP the recent spate) (PP of (NP catastrophes))) (VP should (VP jolt (NP property insurance rates) (PP-TMP in (NP coming months))))) .)) (TOP (S (NP-SBJ (NP The property claims service division) (PP of (NP the American Insurance Services Group))) (VP estimated (NP (NP insured losses) (PP from (NP the earthquake))) (PP-CLR at (NP (QP $ 960 million) *U*))) .)) (TOP (S (NP-SBJ This estimate) (VP does n't (VP include (NP (NP claims) (PP-LOC under (NP (NP (NP workers ') compensation) , (NP life) , (NP health disability and liability insurance) and (NP (NP damage) (PP to (NP (NP infrastructure) (PP such as (NP (NP bridges) , (NP highways) and (NP public buildings))))))))))) .)) (TOP (S (NP-SBJ The estimated earthquake losses) (VP are (ADJP-PRD low) (PP compared (PP with (NP (NP the (QP $ 4 billion) *U*) (PP in (NP claims)) (SBAR (WHNP-2 that) (S (NP-SBJ insurers) (VP face (NP *T*-2) (PP-CLR from (NP (NP Hurricane Hugo) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP ripped (PP-CLR through (NP (NP the Caribbean) and (NP the Carolinas))) (NP-TMP last month))))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRD because (S (NP-SBJ (NP (QP only about 30) %) (PP of (NP California homes and businesses))) (VP had (NP (NP earthquake insurance) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP cover (NP the losses) (ADVP *T*-1)))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ insurance brokers and executives) (VP say (SBAR that (S (NP-SBJ (NP the combination) (PP of (NP (NP the Bay area earthquake) , (NP Hugo) and (NP (NP (NP last week 's) explosion) (PP-LOC at (NP (NP (NP the Phillips Petroleum Co. 's) refinery) (PP-LOC in (NP (NP Pasadena) , (NP Texas)))))) ,))) (VP will (VP cause (S (NP-SBJ property insurance and reinsurance rates) (VP to (VP jump)))))))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ-2 (NP Other insurance rates) (PP such as (NP (NP casualty insurance) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP cover (NP liability claims))))) ,))) (VP are n't (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP firm (ADVP-TMP right away))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Alice Cornish) , (NP (NP an industry analyst) (PP with (NP (NP Northington Research) (PP-LOC in (NP (NP Avon) , (NP Conn))))))) .)) (TOP (S (NP-SBJ She) (VP believes (SBAR 0 (S (NP-SBJ-1 (NP the impact) (PP of (NP losses)) (PP from (NP these catastrophes))) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP halt (NP (NP the growth) (PP of (NP (NP the industry 's) surplus capital))) (NP-TMP next year))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Property reinsurance rates) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP climb (ADVP-TMP first))))))) , (NP-SBJ analysts and brokers) (VP believe (SBAR 0 (S *T*-2))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 The reinsurance market) (VP has (VP been (VP bloodied (NP *-2) (PP by (NP-LGS (NP disasters) '' (PP-LOC (PP in (NP the U.S.)) (CONJP as well as) (PP in (NP (NP Great Britain) and (NP Europe)))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Thomas Rosencrants) , (NP (NP director) (PP of (NP research)) (PP-LOC at (NP (NP Interstate/Johnson Lane Inc.) (PP-LOC in (NP Atlanta)))))) .)) (TOP (S (NP-SBJ Insurers) (ADVP typically) (VP (VP retain (NP (NP a small percentage) (PP of (NP (NP the risks) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP underwrite (NP *T*-1)))))))) and (VP pass (PRT on) (NP (NP the rest) (PP of (NP the losses))))) .)) (TOP (S (NP-SBJ-3 Insurers) (VP buy (NP this insurance protection) (PP for (NP themselves)) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP giving (PRT up) (NP (NP a portion) (PP of (NP (NP the premiums) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP collect (NP *T*-2)))) (PP on (NP a policy))))) (PP-CLR to (NP (NP another firm) -- (NP a reinsurance company) , (SBAR (WHNP-1 which) , (S (PP in (NP turn)) , (NP-SBJ *T*-1) (VP accepts (NP (NP a portion) (PP of (NP (NP any losses) (VP resulting (PP-CLR from (NP this policy))))))))))))))) .)) (TOP (S (NP-SBJ (NP Insurers) , (PP such as (NP (NP Cigna Corp.) , (NP Transamerica Corp) , and (NP Aetna Life & Casualty Co.) ,))) (VP buy (NP reinsurance) (PP-CLR from (NP (NP other U.S.-based companies) and (NP (NP Lloyd 's) (PP of (NP London))))) (PP for (NP (NP one catastrophe) (PP-TMP at (NP a time))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ Hugo) (VP hit))) , (NP-SBJ-1 many insurers) (VP (VP exhausted (NP their reinsurance coverage)) and (VP had (S (NP-SBJ-2 *-1) (VP to (VP tap (NP reinsurers) (S-PRP (NP-SBJ *-2) (VP to (VP replace (NP that coverage) (SBAR-ADV in case (S (NP-SBJ there) (VP were (NP-PRD any other major disasters) (PP-TMP before (NP (NP the end) (PP of (NP the year))))))))))))))) .)) (TOP (S (PP-TMP After (NP the earthquake)) (ADVP-TMP (NP two weeks) ago) , (NP-SBJ brokers) (VP say (SBAR 0 (S (S (NP-SBJ-1 companies) (VP scrambled (S (NP-SBJ *-1) (VP to (VP replace (NP reinsurance coverages) (ADVP-TMP again)))))) and (S (NP-SBJ (NP Lloyd 's) syndicates) (VP turned (PP-DIR to (NP the London market excess lines)) (PP for (NP (NP protection) (PP of (NP their own))))))))) .)) (TOP (S (NP-SBJ (NP James Snedeker) , (NP (NP senior vice president) (PP of (NP (NP Gill & Roeser Inc.) , (NP a (ADJP New York-based) reinsurance broker) ,)))) (VP says (SBAR 0 (S (NP-SBJ-2 (NP insurers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP took (NP big losses) (NP-TMP this fall)) and (VP had (VP purchased (NP little reinsurance) (PP-TMP in (NP recent years)))))))) (VP will (VP be (VP asked (NP-3 *-2) (S (NP-SBJ *-3) (VP to (VP pay (NP some (ADJP pretty hefty) rates)))) (SBAR-ADV if (S (NP-SBJ-4 they) (VP want (S (NP-SBJ *-4) (VP to (VP buy (NP reinsurance) (PP for (NP 1990)))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ-1 (NP (NP companies) (PP with (NP (NP few catastrophe losses) (NP-TMP this year)))) and (NP (NP (ADJP already big) buyers) (PP of (NP reinsurance)))) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ their rates) (VP (VP remain (ADJP-PRD flat)) , or (VP (ADVP perhaps) (ADVP even) decline (ADVP-MNR slightly))))))))) .)) (TOP (S (NP-SBJ Many companies) (VP will (VP be (VP negotiating (NP their 1990 reinsurance contracts) (PP-TMP in (NP the next few weeks))))) .)) (TOP (S `` (S-TMP-1 (NP-SBJ It) (VP 's (NP-PRD (NP a seller 's) market))) , '' (VP said (S-TMP *T*-1)) (NP-SBJ (NP Mr. Snedeker) (PP of (NP (NP the reinsurance market) (ADVP-TMP right now)))) .)) (TOP (S But (NP-SBJ (NP some large insurers) , (PP such as (NP State Farm Mutual Automobile Insurance Co.)) ,) (VP do n't (VP (VP purchase (NP reinsurance)) , but (VP fund (NP their own program)))) .)) (TOP (S (ADVP-TMP (NP A few years) ago) , (S (NP-SBJ (NP State Farm) , (NP (NP the nation 's) largest home insurer) ,) (VP stopped (VP buying (NP reinsurance) (SBAR-PRP because (S (NP-SBJ no one carrier) (VP could (VP provide (NP (NP all the coverage) (SBAR (WHNP-2 that) (S (NP-SBJ it) (VP needed (NP *T*-2)))))))))))) and (S (NP-SBJ the company) (VP found (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD cheaper) (S-1 (NP-SBJ *) (VP to (VP self-reinsure)))))) .)) (TOP (S (NP-SBJ (NP (NP The (QP $ 472 million) *U*) (PP of (NP (NP losses) (SBAR (WHNP-1 0) (S (NP-SBJ State Farm) (VP expects (NP *T*-1) (PP-CLR from (NP Hugo)))))))) and (NP (NP an additional (QP $ 300 million) *U*) (PP from (NP the earthquake)))) (VP are (NP-PRD (NP (QP less than 5) %) (PP of (NP (NP State Farm 's) (ADJP (QP $ 16.7 billion) *U*) total net worth)))) .)) (TOP (S (S-TPC-4 (SBAR-TMP Since (S (NP-SBJ few insurers) (VP have (VP announced (SBAR-NOM (WHNP-3 (WHNP what amount) (PP of (NP (NP losses) (PP *ICH*-5)))) (S (NP-SBJ-1 they) (VP expect (S (NP-SBJ *-1) (VP to (VP see (NP *T*-3) (PP-5 from (NP the earthquake)))))))))))) , (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (ADJP-PRD impossible) (S-2 (NP-SBJ *) (VP to (VP get (NP (NP a clear picture) (PP of (NP (NP (NP the quake 's) impact) (PP on (NP fourth-quarter earnings)))))))))) , (VP said (SBAR 0 (S *T*-4))) (NP-SBJ (NP Herbert Goodfriend) (PP-LOC at (NP Prudential-Bache Securities Corp))) .)) (TOP (S (S (NP-SBJ Transamerica) (VP expects (NP (NP an after-tax charge) (PP of (NP (QP less than $ 3 million) *U*)) (PP against (NP fourth-quarter net))))) ; (S (NP-SBJ (NP Hartford Insurance Group) , (NP (NP a unit) (PP of (NP ITT Corp.))) ,) (VP expects (NP a (ADJP (ADJP (QP $ 15 million) *U*) or (ADJP 10 cents)) after-tax charge))) ; and (S (NP-SBJ (NP Fireman 's) Fund Corp.) (VP expects (NP (NP a charge) (PP of (NP (QP no more than $ 50 million) *U*)) (PP-TMP (PP before (NP taxes)) and (PP after (S-NOM (NP-SBJ *) (VP using (NP its reinsurance)))))))) .)) (TOP (S (NP-SBJ (NP Sharp Corp.) , (NP-LOC Tokyo) ,) (VP said (SBAR 0 (S (NP-SBJ (NP net income) (PP-TMP in (NP its first half))) (VP rose (NP-EXT 59 %) (PP-DIR to (NP (NP (QP 18.32 billion) yen) -LRB- (NP (QP $ 128.9 million) *U*) -RRB-)) (PP-DIR from (NP (QP 11.53 billion) yen) (ADVP-TMP (NP-ADV a year) earlier)))))) .)) (TOP (S (NP-SBJ The consumer electronics , home appliances and information-processing concern) (VP said (SBAR 0 (S (NP-SBJ (NP revenue) (PP-TMP in (NP (NP the six months) (VP ended (NP-TMP Sept. 30))))) (VP rose (NP-EXT 8.9 %) (PP-DIR to (NP (QP 517.85 billion) yen)) (PP-DIR from (NP (QP 475.6 billion) yen)))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP (NP information-processing products) and (NP electric parts)))) (VP (VP increased (NP-EXT a strong 22 %) (PP-DIR to (NP (QP 236.23 billion) yen)) (PP-DIR from (NP (QP 194.24 billion) yen))) and (VP accounted (PP-CLR for (NP (NP 46 %) (PP of (NP total sales)))))) .)) (TOP (S (PP-LOC In (NP audio equipment)) , (NP-SBJ sales) (VP rose (NP-EXT 13 %) (PP-DIR to (NP (QP 44.3 billion) yen)) (PP-DIR from (NP (QP 39.19 billion) yen))) .)) (TOP (S (S (NP-SBJ (NP Sales) (PP of (NP electric appliances))) (VP were (ADJP-PRD flat))) , and (S (NP-SBJ (NP sales) (PP of (NP electronic equipment))) (VP declined (ADVP-MNR slightly))) .)) (TOP (S (NP-SBJ Sharp) (VP projected (NP (NP sales) (PP for (NP (NP the current year) (VP ending (NP-TMP March 31))))) (PP-CLR at (NP (NP (QP 1.6 trillion) yen) , (NP a (ADJP 7 %) increase) (NP-TMP the previous fiscal year)))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ net) (VP to (VP rise (NP-EXT 45 %) (PP-DIR to (NP (QP 380 billion) yen))))))))) .)) (TOP (S (NP-SBJ (NP Sun Microsystems Inc.) , (NP a computer maker) ,) (VP announced (NP (NP the effectiveness) (PP of (NP (NP its registration statement) (PP for (NP (NP (QP $ 125 million) *U*) (PP of (NP (ADJP (QP 6 3) %) convertible subordinated debentures)) (ADJP due (NP-TMP Oct. 15 , 1999)))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 the debentures) (VP are (VP being (VP (VP issued (NP *-1) (PP at (NP (NP an issue price) (PP of (NP (NP $ 849 *U*) (PP for (NP each (ADJP $ 1,000 *U*) principal amount))))))) and (VP are (ADJP-PRD convertible) (PP-TMP at (NP (NP any time) (ADVP prior (PP to (NP maturity))))) (PP at (NP (NP a conversion price) (PP of (NP (NP $ 25 *U*) (NP-ADV a share)))))))))))) .)) (TOP (S (NP-SBJ The debentures) (VP are (ADJP-PRD available) (PP through (NP Goldman , Sachs & Co))) .)) (TOP (S (NP-SBJ Nelson Holdings International Ltd. shareholders) (VP approved (NP (NP a 1-for-10 consolidation) (PP of (NP (NP the company 's) common stock))) (PP-LOC at (NP a special meeting))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ shareholders) (VP approved (NP (NP the adoption) (PP of (NP (NP a rights plan) and (NP a super-majority voting approval requirement))))) .)) (TOP (S (NP-SBJ They) (ADVP also) (VP approved (NP (NP (NP the relocation) (PP of (NP (NP the company 's) registered office)) (PP to (NP Toronto)) (PP from (NP Vancouver))) and (NP (NP a name change) (PP to (NP NHI Nelson Holdings International Ltd))))) .)) (TOP (S (PP-TMP Following (NP the consolidation)) , (NP-SBJ (NP the entertainment company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP film and television operations) (PP-LOC in (NP (NP Beverly Hills) , (NP Calif.) ,)))))) (VP will (VP have (NP (NP (QP about 4.1 million) shares) (ADJP outstanding)))) .)) (TOP (S (NP-SBJ (NP The number) (PP of (NP authorized common shares))) (VP will (VP remain (PP-CLR at (NP 100 million)))) .)) (TOP (S (PP-LOC Under (NP the rights plan)) , (NP-SBJ holders) (VP will (VP have (NP one right) (PP for (NP (NP each common share) (VP held (NP *)))) , (PP with (S-NOM (NP-SBJ each right) (VP entitling (NP (NP the purchase) (PP of (NP one common share)) (PP for (NP 100 Canadian dollars)))))))) .)) (TOP (S (NP-SBJ-1 The rights plan) (VP would (VP be (VP triggered (NP *-1) (SBAR-ADV if (S (NP-SBJ-2 a person or group) (VP acquires (NP (NP 20 % (QP or more)) (PP of (NP (NP the common shares) (ADJP outstanding)))) (PP without (S-NOM (NP-SBJ *-2) (VP making (NP an offer) (PP-CLR to (NP all shareholders))))))))))) .)) (TOP (S (PP-LOC Under (NP the super-majority amendment)) , (NP-SBJ (NP certain mergers) and (NP other transactions)) (VP would (VP require (NP (NP approval) (PP of (NP (NP holders) (PP of (NP (NP 80 %) (PP of (NP (NP (NP the company 's) common shares) (ADJP outstanding)))))))))) .)) (TOP (S (NP-SBJ Wilfred American Educational Corp.) (VP said (SBAR 0 (S (NP-SBJ (NP a federal grand jury) (PP-LOC in (NP Boston))) (VP indicted (NP (NP the operator) (PP of (NP cosmetology and business schools))) (PP-CLR for (NP mail fraud)))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP The charges) (PP-LOC in (NP (NP the 12-count indictment) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP stem (PP-CLR from (NP (NP events) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (ADVP allegedly) (VP occurred (PP-TMP in (NP (NP late 1984) and (NP early 1985))))))))))) ,))) (VP involve (NP (NP (NP enrollment procedures) (PP of (NP six students))) and (NP (NP the preparation) (PP of (NP certain reports)))))) , (NP-SBJ Wilfred) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-1 No individuals) (VP were (VP charged (NP *-1) (PP-LOC in (NP the indictment)))) .)) (TOP (S (NP-SBJ Wilfred American) (VP (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP `` (ADVP-MNR vigorously) defend '' (NP itself) (PP-CLR against (NP the charges))))))) and (VP added (SBAR that (S (NP-SBJ the charges) (VP relate (PP-CLR to (NP (NP procedures) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP has (ADVP-TMP since) (VP changed (NP *T*-1)))))))))))) .)) (TOP (S (NP-SBJ (NP Eight admissions representatives) (PP-LOC at (NP (NP two) (PP of (NP (NP Wilfred 's) former Massachusetts schools))))) (ADVP-TMP previously) (VP pleaded (ADJP-CLR guilty) (PP-CLR to (NP (NP charges) (PP of (S-NOM (NP-SBJ *) (VP aiding , abetting and counseling (S (NP-SBJ students) (VP to (VP submit (NP false financial-aid applications)))))))))) .)) (TOP (S (NP-SBJ Wilfred) (VP closed (NP its Massachusetts schools) (NP-TMP earlier this year)) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP Friday) , (NP-SBJ Wilfred) (VP fell (NP-EXT 6.25 cents) (PP-DIR to (NP (NP 93.75 cents) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ (NP Rally 's) Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP filed (NP-CLR suit) (PP-LOC in (NP U.S. District Court)) (PP-LOC in (NP Delaware)) (PP-CLR against (NP (NP a group) (VP led (NP *) (PP by (NP-LGS Burt Sugarman))))) , (S-ADV (NP-SBJ-2 *-1) (VP seeking (S (NP-SBJ *-2) (VP to (VP block (NP-3 the investors) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP buying (NP more shares))))))))))))) .)) (TOP (S (NP-SBJ (NP Rally 's) , (NP a (NAC-LOC Louisville , Ky. ,) fast-food chain) ,) (VP alleges (SBAR that (S (NP-SBJ (NP the three investors) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (NP-PRD (NP directors) (PP of (NP the company)))))) ,) (VP broke (NP securities laws) (SBAR-PRP because (S (NP-SBJ they) (VP did n't (VP disclose (NP their intentions (S (NP-SBJ *) (VP to (VP acquire (NP a big (NP Rally 's) stake))))))))))))) .)) (TOP (S (NP-SBJ (NP The group) , (VP led (NP *) (PP by (NP-LGS (NP Giant Group Ltd.) and (NP (NP its chairman) , (NP Mr. Sugarman))))) ,) (VP owns (NP (NP (QP about 45.2) %) (PP of (NP Rally 's)))) .)) (TOP (S (PP-LOC In (NP the Securities and Exchange Commission filings)) , (NP-SBJ the group) (VP has (VP said (SBAR 0 (S (NP-SBJ it) (VP may (VP seek (NP (NP control) (PP of (NP Rally 's))))))))) .)) (TOP (S (NP-SBJ Mr. Sugarman) (VP (VP called (S (NP-SBJ the lawsuit) `` (ADJP-PRD not nice) '')) and (VP said (SBAR 0 (S (NP-SBJ-1 his group) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP push (PP-CLR for (NP (NP (NP control) (PP of (NP the company))) and (NP (NP the removal) (PP of (NP certain directors)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP asserts (SBAR that (S (NP-SBJ (NP some directors) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP joined (NP-CLR forces) (PP-CLR with (NP company founder James Patterson)))))) ,) (VP have (NP (NP ties) (PP to (NP (NP Wendy 's) , (NP a competing hamburger chain)))))))) .)) (TOP (S (NP-SBJ (NP The Patterson group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP controls (NP (NP (QP about 42) %) (PP of (NP (NP Rally 's) shares)))))) ,) (ADVP also) (VP may (VP seek (NP control))) .)) (TOP (S (NP-SBJ Rally 's) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP formed (NP (NP (NP a committee) (PP of (NP (NP three directors) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are n't (VP associated (PP-CLR with (NP either the Patterson or Sugarman groups))))))))) , (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP analyze (NP the situation)))))))))) .)) (TOP (S (NP-SBJ Leaseway Transportation Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP restructure (NP (NP (QP $ 192.5 million) *U*) (PP of (NP certain subordinated debentures))) (S-PRP (NP-SBJ *-1) (VP to (VP reduce (NP its (NX (NX debt obligations) and (NX interest expense))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The (ADJP 13.25 %) subordinated debentures) (ADJP due (NP-TMP 2002))) (VP were (VP issued (NP *-1) (PP-TMP in (NP August 1987)) (PP-CLR as (NP (NP part) (PP of (NP (NP the (ADJP (QP $ 690 million) *U*) financing) (PP for (NP (NP a leveraged buy-out) (PP of (NP the company)))))))))) .)) (TOP (S (NP-SBJ Leaseway) (VP provides (NP transportation services) (PP-CLR for (NP manufacturers , distributors and retailers))) .)) (TOP (S (NP-SBJ Leaseway) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP begun (NP (NP discussions) (PP with (NP certain institutional debt holders)) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP review (NP (NP the proposed private placement transaction) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP exchange (NP the debt) (PP-CLR for (NP new subordinated (NX (NX debt instruments) and (NX equity securities))))))))) (ADVP-LOC *T*-2))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Specific terms) (VP are (ADJP-PRD subject (PP to (NP (NP review) and (NP (NP a final agreement) (PP with (NP debt holders)))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ the proposed transaction) (VP calls (PP-CLR for (NP (NP an exchange) (PP of (NP the debt)) (PP for (NP (NP new debentures) (PP of (NP (NP lower face value) and (NP reduced cash interest)))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ-2 debt holders) (VP would (VP be (VP offered (NP *-2) (NP (NP an equity position) (PP-LOC in (NP Leaseway)) , (SBAR-1 (WHNP-3 which) (S (PP in (NP total)) (NP-SBJ *T*-3) (VP would (VP represent (NP (NP a controlling interest) (PP-LOC in (NP the company))))))))))) .)) (TOP (S (NP-SBJ Drexel Burnham Lambert Inc.) (VP is (NP-PRD the adviser) (PP on (NP the transaction))) .)) (TOP (S (NP-SBJ Company officials) (VP said (SBAR (SBAR 0 (S (NP-SBJ Leaseway) (VP fulfilled (NP (NP payment requirements) (PP of (NP its debt obligations))) (PP-TMP since (NP the leveraged buy-out))))) , but (SBAR 0 `` (S (NP-SBJ our performance) (PP-TMP since (NP the -LCB- buy-out -RCB-)) (VP makes (S (NP-SBJ (NP it) (S *EXP*-2)) (ADJP-PRD imperative) (S-2 (NP-SBJ *) (VP to (VP implement (NP (NP actions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (ADVP further) (VP improve (NP our cash flow))))))))))))))) .)) (TOP (S (NP-SBJ Nicaraguan President Daniel Ortega) (VP may (VP have (VP accomplished (PP-TMP over (NP the weekend)) (NP (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 his U.S. antagonists) (VP have (VP failed (S (NP-SBJ *-1) (VP to (VP do (NP *T*-2)))))))) : (S (NP-SBJ *) (VP revive (NP (NP a constituency) (PP for (NP the Contra rebels))))))))) .)) (TOP (S (S (NP-SBJ Lawmakers) (VP have n't (VP (ADVP-MNR publicly) raised (NP (NP the possibility) (PP of (S-NOM (NP-SBJ *) (VP renewing (NP (NP military aid) (PP to (NP the Contras)))))))))) , and (S (NP-SBJ-1 President Bush) (VP parried (NP the question) (PP-LOC at (NP (NP a news conference) (ADVP-LOC here))) (NP-TMP Saturday) , (S-ADV (NP-SBJ *-1) (VP saying (ADVP only) (SBAR that `` (S (SBAR-ADV if (S (NP-SBJ there) (VP 's (NP-PRD an all-out military offensive)))) , (NP-SBJ-2 that) (VP 's (VP going (S (NP-SBJ *-2) (VP to (VP change (NP the equation) (NP-MNR 180 degrees)))))))))))) . '')) (TOP (S But (NP-SBJ (NP Mr. Ortega 's) threat (PP-TMP over (NP the weekend)) (S (NP-SBJ *) (VP to (VP end (NP (NP a 19-month cease-fire) (PP with (NP (NP the rebels) (VP seeking (S (NP-SBJ *) (VP to (VP topple (NP him)))))))))))) , (VP (ADVP-MNR effectively) elevated (NP the Contras) (PP-CLR as (NP a policy priority)) (SBAR-TMP (ADVP just) as (S (NP-SBJ they) (VP were (VP slipping (PP-DIR from (NP (NP the agendas) (PP of (NP their (ADJP most ardent) supporters))))))))) .)) (TOP (S (NP-SBJ (NP Senate Majority Leader George Mitchell) (PRN -LRB- (NP D.) , (NP-LOC Maine) -RRB-)) (VP said (NP-TMP yesterday) (PP-LOC on (NP (NP NBC-TV 's) `` (S-TTL (NP-SBJ *) (VP Meet (NP the Press))) '')) (SBAR that (S (NP-SBJ (NP (NP Mr. Ortega 's) threat) (NP *ICH*-3)) (VP was `` (NP-PRD a (ADJP very unwise) move) , (NP-3 (NP particularly the timing) (PP of (NP it))))))) . '')) (TOP (S (NP-SBJ The threat) (VP came (PP-TMP during (NP (NP a two-day celebration) (PP-LOC in (NP Costa Rica)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP highlight (NP (NP (NP Central America 's) progress) (PP toward (NP democracy)) (PP-LOC in (NP the region))))))) , (VP attended (NP *) (PP by (NP-LGS (NP President Bush) , (NP Canadian Prime Minister Brian Mulroney) and (NP 14 other Western Hemisphere leaders))))))) .)) (TOP (S (NP-SBJ Mr. Bush) (VP returned (PP-DIR to (NP Washington)) (NP-TMP Saturday night)) .)) (TOP (S (NP-SBJ Mr. Ortega) (VP announced (PP-TMP on (NP Friday)) (SBAR that (S (NP-SBJ he) (VP would (VP end (NP the cease-fire) (NP-TMP this week) (PP in (NP (NP response) (PP to (NP (NP the periodic Contra assaults) (PP against (NP his army))))))))))) .)) (TOP (S (NP-TMP Saturday) , (NP-SBJ he) (VP amended (NP-1 his remarks) (S-PRP (NP-SBJ *-1) (VP to (VP say (SBAR that (S (NP-SBJ-2 he) (VP would (VP continue (S (NP-SBJ *-2) (VP to (VP abide (PP-CLR by (NP the cease-fire))))) (SBAR-ADV if (S (NP-SBJ the U.S.) (VP ends (NP (NP its financial support) (PP for (NP the Contras)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP asked (SBAR that (S (NP-SBJ-1 the remaining U.S. humanitarian aid) (VP be (VP diverted (NP *-1) (PP-CLR to (S-NOM (NP-SBJ *) (VP disarming and demobilizing (NP the rebels))))))))) .)) (TOP (S Not only (SINV did (NP-SBJ (NP Mr. Ortega 's) comments) (VP come (PP-TMP in (NP (NP the midst) (PP of (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 *T*-2) (VP was (VP intended (NP *-1) (PP-CLR as (NP (NP a showcase) (PP for (NP the region))))))))))))) , (S (NP-SBJ it) (VP came (SBAR-TMP as (S (NP-SBJ Nicaragua) (VP is (PP-LOC-PRD under (NP special international scrutiny)) (PP in (NP (NP anticipation) (PP of (NP its planned February elections))))))))) .)) (TOP (S (NP-SBJ-1 Outside observers) (VP are (VP gathering (PP-LOC-CLR in (NP Nicaragua)) (S-PRP (NP-SBJ *-1) (VP to (VP monitor (NP (NP the registration and treatment) (PP of (NP opposition candidates)))))))) .)) (TOP (S And (NP-SBJ important U.S. lawmakers) (VP must (VP decide (PP-TMP at (NP (NP the end) (PP of (NP November)))) (SBAR if (S (NP-SBJ-1 the Contras) (VP are (S (NP-SBJ *-1) (VP to (VP receive (NP (NP the rest) (PP of (NP (NP the (QP $ 49 million) *U*) (PP in (NP so-called humanitarian assistance))))) (PP-LOC under (NP (NP a bipartisan agreement) (VP reached (NP *) (PP-CLR with (NP the Bush administration)) (PP-TMP in (NP March))))))))))))) .)) (TOP (S (NP-SBJ (NP The humanitarian assistance) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP pays (PP-CLR for (NP (NP supplies) (PP such as (NP (NP food and clothing) (PP for (NP (NP the rebels) (VP amassed (NP *) (PP-LOC along (NP (NP the Nicaraguan border) (PP with (NP Honduras)))))))))))))) ,) (VP replaced (NP (NP the military aid) (VP cut (NP *) (PRT off) (PP by (NP-LGS Congress)) (PP-TMP in (NP February 1988))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ few lawmakers) (VP anticipated (SBAR that (S (NP-SBJ-2 the humanitarian aid) (VP would (VP be (VP cut (NP *-2) (PRT off) (NP-TMP next month))))))))) , (NP-SBJ (NP Mr. Ortega 's) threat) (ADVP practically) (VP guarantees (SBAR that (S (NP-SBJ-1 the humanitarian aid) (VP will (VP be (VP continued (NP *-1))))))) .)) (TOP (S (NP-SBJ (NP Senate Minority Leader Robert Dole) (PRN -LRB- (NP R.) , (NP-LOC Kan .) -RRB-)) (VP said (NP-TMP yesterday) (PP-LOC on `` (S-TTL (NP-SBJ *) (VP Meet (NP the Press))) '') : `` (S (NP-SBJ I) (VP would (VP hope (SBAR 0 (S (PP-TMP after (NP (NP his (PRN -LCB- (NP Mr. Ortega 's) -RCB-) act) (NP-TMP (NP yesterday) or (NP (NP the day) (ADVP-TMP before))))) , (NP-SBJ we) (VP 'd (VP have (NP (NP unanimous support) (PP for (NP (NP quick action) (PP on (NP remaining humanitarian aid))))))))))))) . '')) (TOP (S (NP-SBJ Sen. Dole) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ he) (VP hoped (PP-CLR for (NP (NP unanimous support) (PP for (NP (NP a resolution) (SBAR (WHNP-2 0) (S (NP-SBJ-1 he) (VP plans (S (NP-SBJ *-1) (VP to (VP offer (NP *T*-2) (NP-TMP tomorrow))))))) (VP denouncing (NP the Nicaraguan leader)))))))))) .)) (TOP (S (SBAR-ADV While (S (S-NOM-SBJ-1 (NP-SBJ *) (VP renewing (NP military aid))) (VP had (VP been (VP considered (S (S-NOM-SBJ *T*-1) (ADVP-PRD out (PP of (NP the question)))) , (S-ADV (NP-SBJ-2 *-1) (VP (VP rejected (NP *-2) (PP by (NP-LGS Congress))) and (VP de-emphasized (NP *-2) (PP by (NP-LGS the Bush administration)))))))))) , (NP-SBJ (NP Mr. Ortega 's) statement) (VP provides (NP Contra supporters) (PP-CLR with (NP the opportunity (S (NP-SBJ *) (VP to (VP press (NP the administration) (PP on (NP the issue)))))))) .)) (TOP (SINV `` (S-TMP-2 (NP-SBJ The administration) (VP should (ADVP-TMP now) (VP state (SBAR that (S (SBAR-ADV if (S (NP-SBJ-1 the -LCB- February -RCB- election) (VP is (VP voided (NP *-1) (PP by (NP-LGS the Sandinistas)))))) ... (NP-SBJ they) (VP should (VP call (PP-CLR for (NP military aid))))))))) , '' (VP said (S-TMP *T*-2)) (NP-SBJ former (NAC Assistant Secretary (PP of (NP State))) Elliott Abrams) .)) (TOP (S `` (PP-LOC In (NP these circumstances)) , (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ they) (VP 'd (VP win))))) . '')) (TOP (S (NP-SBJ Sen. Mitchell) (VP said (SBAR that (S (NP-SBJ-1 congressional Democrats) (VP intend (S (NP-SBJ *-1) (VP to (VP honor (NP the March agreement (S (NP-SBJ *) (VP to (VP give (NP non-lethal support) (PP-DTV to (NP the Contras)) (PP-TMP through (NP the February elections)))))))))))) , (SBAR-ADV although (S (NP-SBJ he) (VP added (SBAR that (S (NP-SBJ the agreement) (VP requires (SBAR that (S (NP-SBJ the Contras) (VP not initiate (NP any military action))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Ortega 's) threat (S (NP-SBJ *) (VP to (VP breach (NP the cease-fire))))) (VP comes (SBAR-TMP as (S (NP-SBJ U.S. officials) (VP were (VP acknowledging (SBAR that (S (NP-SBJ the Contras) (VP have (PP-TMP at (NP times)) (VP violated (NP it) (NP-ADV themselves)))))))))) .)) (TOP (S (NP-SBJ (NP (NAC Secretary (PP of (NP State))) James Baker) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP accompanied (NP President Bush) (PP-DIR to (NP Costa Rica))))) ,) (VP told (NP reporters) (NP-TMP Friday) : `` (S (NP-SBJ I) (VP have (NP (NP no reason) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP deny (NP reports (SBAR that (S (NP-SBJ some Contras) (VP ambushed (NP some Sandinista soldiers))))) (ADVP-PRP *T*-2))))))))) . '')) (TOP (S (NP-SBJ-1 (NP (NP Mr. Baker 's) assistant) (PP for (NP inter-American affairs)) , (NP Bernard Aronson) ,) (SBAR-ADV while (S (NP-SBJ *-1) (VP maintaining (SBAR that (S (NP-SBJ the Sandinistas) (VP had (ADVP also) (VP broken (NP the cease-fire)))))))) , (VP acknowledged : `` (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP 's (ADVP-TMP never) (ADJP-PRD very clear) (SBAR-2 (WHNP-3 who) (S (NP-SBJ *T*-3) (VP starts (NP what))))))) . '')) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ the U.S.) (VP has (VP cut (PRT off) (NP (NP aid) (PP to (NP some rebel units))) (SBAR-TMP (WHADVP-2 when) (S-CLF (NP-SBJ-1 it) (VP was (VP determined (NP *-1) (SBAR-ADV that (S (NP-SBJ those units) (VP broke (NP the cease-fire)))) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ *) (VP undermining (NP (NP arguments) (PP in (NP (NP favor) (PP of (S-NOM (NP-SBJ *) (VP ending (NP Contra aid)))))))))))) , (NP-SBJ (NP Mr. Ortega 's) remarks) (ADVP also) (VP played (PP-CLR to (NP (NP the suspicions) (PP of (NP some (NX (NX U.S. officials) and (NX (NX conservatives) (PP-LOC outside (NP the government)))))) (SBAR that (S (NP-SBJ he) (VP is (VP searching (PP-CLR for (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP manipulate or void (NP the February elections) (ADVP-MNR *T*-1)))))))))))))) .)) (TOP (S (NP-SBJ (NP Administration officials) (VP traveling (PP with (NP President Bush)) (PP-LOC in (NP Costa Rica)))) (VP interpreted (NP (NP Mr. Ortega) 's wavering) (PP-CLR as (NP a sign (SBAR that (S (NP-SBJ he) (VP is n't (VP responding (PP-CLR to (NP the military attacks)) (ADVP (ADVP so much) (SBAR as (S (NP-SBJ he) (VP is (VP searching (PP-CLR for (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP strengthen (NP his hand) (ADVP-TMP prior (PP to (NP the elections))) (ADVP-MNR *T*-1))))))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Abrams) (VP said (SBAR that (S (NP-SBJ-1 Mr. Ortega) (VP is (VP seeking (S (NP-SBJ-2 *-1) (VP to (VP demobilize (NP the Contras) (ADVP-TMP prior (PP to (NP the elections))) (S-PRP (NP-SBJ *-2) (VP to (VP remove (NP any pressure (S (NP-SBJ *) (VP to (VP hold (NP fair elections)))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ My sense) (VP is (SBAR-PRD 0 (S (SBAR-NOM-SBJ (WHNP-2 what) (S (NP-SBJ they) (VP have (NP *T*-2) (PP-CLR in (NP mind))))) (VP is (NP-PRD (NP an excuse) (PP for (S-NOM (NP-SBJ-3 *) (VP clamping (PRT down) (PP-CLR on (NP campaigning)) '' (PP-MNR by (S-NOM (NP-SBJ *-3) (VP creating (NP (NP an atmosphere) (PP of (NP a military emergency))))))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Milton Petrie) , (NP (NP chairman) (PP of (NP Petrie Stores Corp.))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP (NP his (ADJP 15.2 %) stake) (PP-LOC in (NP Deb Shops Corp.))) (PP-DTV to (NP Petrie Stores)))))))))) .)) (TOP (S (PP-LOC In (NP a Securities and Exchange Commission filing)) , (NP-SBJ Mr. Petrie) (VP said (SBAR that (S (PP-TMP on (NP Oct. 26)) (NP-SBJ-1 Petrie Stores) (VP agreed (S (NP-SBJ *-1) (VP to (VP purchase (NP (NP Mr. Petrie 's) 2,331,100 Deb Shops shares)))))))) .)) (TOP (S (NP-SBJ The transaction) (VP will (VP take (NP place) (NP-TMP tomorrow))) .)) (TOP (S (NP-SBJ The filing) (VP said (SBAR 0 (S (NP-SBJ (NP Petrie Stores) (PP of (NP-LOC (NP Secaucus) , (NP N.J.) ,))) (VP is (VP purchasing (NP (NP Mr. Petrie 's) Deb Shops stake) (PP-CLR as (NP an investment))))))) .)) (TOP (S (S-TPC-3 (SBAR-ADV Although (S (NP-SBJ Petrie Stores) (VP has (VP considered (S (NP-SBJ-1 *) (VP seeking (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP the remaining equity) (PP of (NP Deb Stores)))))))))))) , (NP-SBJ it) (VP has (NP no current intention (S (NP-SBJ *) (VP to (VP pursue (NP such a possibility))))))) , (NP-SBJ the filing) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Philadelphia-based Deb Shops) (VP said (SBAR 0 (S (NP-SBJ it) (VP saw (NP little significance) (PP-LOC-CLR in (S-NOM (NP-SBJ Mr. Petrie) (VP selling (NP his stock) (PP-CLR to (NP Petrie Stores))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ We) (VP did n't (VP (VP look (PP-CLR at (NP it))) and (VP say , ` (S (INTJ Oh my God) , (NP-SBJ-1 something) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP happen)))))))))) , ' '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Stanley Uhr) , (NP (NP vice president) and (NP corporate counsel))) .)) (TOP (S (NP-SBJ Mr. Uhr) (VP said (SBAR that (S (NP-SBJ-1 (NP Mr. Petrie) or (NP his company)) (VP have (VP been (VP accumulating (NP Deb Shops stock) (PP-TMP for (NP several years)) , (S-ADV (NP-SBJ *-1) (NP-TMP each time) (VP issuing (NP a similar regulatory statement))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ no discussions) (ADVP-TMP currently) (VP are (VP taking (NP place) (PP-LOC between (NP the two companies))))))) .)) (TOP (S (NP-SBJ Nikon Corp.) (VP said (SBAR 0 (S (NP-SBJ unconsolidated pretax profit) (VP increased (NP-EXT 70 %) (PP-DIR to (NP (NP (QP 12.12 billion) yen) (PRN -LRB- (NP (QP $ 85.3 million) *U*) -RRB-)) (PP-TMP in (NP (NP the first half) (VP ended (NP *) (NP-TMP Sept. 30))))) , (PP-DIR from (NP (QP 7.12 billion) yen) (ADVP-TMP (NP a year) ago)))))) .)) (TOP (S (NP-SBJ The Tokyo camera maker) (VP said (SBAR 0 (S (NP-SBJ net income) (VP (ADVP more than) doubled (PP-DIR to (NP (NP (QP 5.85 billion) yen) , or (NP (NP 16.08) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP 2.63 billion) yen) , or (NP (NP 7.24 yen) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ Nikon) (VP said (SBAR 0 (S (NP-SBJ sales) (VP rose (PP despite (NP (NP the adverse effect) (PP of (NP (NP (NP Japan 's) unpopular consumption tax) , (VP introduced (NP *) (PP-TMP in (NP April))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Increasing (NX (NX personal spending) and (NX capital investment))) (VP are (VP fueling (NP growth)))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ Rising export sales) (ADVP also) (VP contributed (PP-CLR to (NP strong growth)))) , (NP-SBJ Nikon) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Total sales) (VP gained (NP 20 %) (PP-DIR to (NP (QP 122.36 billion) yen)) (PP-DIR from (NP (QP 102.01 billion) yen))) .)) (TOP (S (NP-SBJ Exports) (VP made (PRT up) (NP (NP (NP 46.2 %) (PP of (NP (NP the latest year 's) total))) , (ADVP up (PP from (NP 39.8 %) (ADVP-TMP (NP a year) ago))))) .)) (TOP (S (NP-SBJ-1 Camera sales) (VP showed (NP the strongest gains) , (S-ADV (NP-SBJ *-1) (VP rising (NP-EXT 37 %) (PP-DIR to (NP (QP 50.59 billion) yen))))) .)) (TOP (S (NP-SBJ (NP Nikon forecast sales) (PP for (NP (NP the year) (VP ending (NP-TMP March 31))))) (VP will (VP rise (NP-EXT 9.6 %) (PP-DIR to (NP (QP 240 billion) yen)))) .)) (TOP (S (S (NP-SBJ-1 Pretax profit) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP increase (NP-EXT 18 %) (PP-DIR to (NP (QP 22 billion) yen)))))))) and (S (NP-SBJ-2 net income) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP rise (NP-EXT 53 %) (PP-DIR to (NP (QP 10.5 billion) yen)))))))) .)) (TOP (S (NP-SBJ Presidio Oil Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP a definitive agreement (S (NP-SBJ *) (VP to (VP acquire (NP (NP Gulf Canada Resources Ltd. 's) U.S. unit) (PP-CLR for (NP (QP $ 163 million) *U*)))))))))) .)) (TOP (S (NP-SBJ (NP Presidio) , (NP a Denver oil and gas concern) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP acquire (NP (NP the properties and operations) (PP of (NP (NP Home Petroleum Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP (NP two regional gas-gathering systems) and (NP (NP proved reserves) (PP of (NP (NP (NP (QP about nine million) barrels) (PP of (NP oil))) and (NP (NP (QP 72 billion) cubic feet) (PP of (NP natural gas)))))))))))))))))) .)) (TOP (S (NP-SBJ Presidio) (VP said (SBAR 0 (S (NP-SBJ-1 the properties) (VP are (ADVP generally) (VP situated (NP *-1) (PP-LOC-CLR in (NP (NP Wyoming) , (NP North Dakota) , (NP Texas) , (NP Oklahoma) and (NP Louisiana)))))))) .)) (TOP (S (NP-SBJ (NP Gulf Canada) , (NP-LOC Calgary) ,) (VP said (SBAR 0 (S (NP-SBJ the transaction) (VP is (NP-PRD (NP part) (PP of (NP its plan (S (NP-SBJ *) (VP to (VP (VP sell (NP non-strategic assets)) and (VP focus (NP operations) (PP-CLR on (NP (NP Canada) , (NP Indonesia) and (NP other international areas)))))))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP (NP Gulf Canada) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP controlled (NP *-1) (PP by (NP-LGS (NP Toronto 's) Reichmann family)))))) ,))) (VP said (SBAR 0 (S (NP-SBJ the properties) (VP (VP account (PP-CLR for (NP (NP (QP about 6) %) (PP of (NP (NP the company 's) assets))))) and (VP produce (NP (NP (NP (NP (QP about 5,000) barrels) (PP of (NP oil))) and (NP (NP (QP 35 million) cubic feet) (PP of (NP gas)))) (NP-ADV a day))))))) .)) (TOP (S (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ Gulf Canada) (VP will (ADVP likely) (VP report (NP (NP an extraordinary gain) (PP from (NP the sale))) (PP-TMP in (NP the fourth quarter)))))))) , but (S (NP-SBJ he) (VP would n't (VP offer (NP a specific estimate)))) .)) (TOP (S (NP-SBJ-1 The transaction) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP close (PP-TMP by (NP Nov. 30))))))) .)) (TOP (S (NP-SBJ (NP NEC Corp.) , (NP a Tokyo-based computer and electronics concern) ,) (VP said (SBAR 0 (S (NP-SBJ net income) (VP rose (NP-EXT 18 %) (PP-DIR to (NP (NP (QP 29.66 billion) yen) (PRN -LRB- (NP (QP $ 208.7 million) *U*) -RRB-)) (PP-TMP in (NP (NP the fiscal first half) , (VP ended (NP-TMP Sept. 30))))) , (PP-DIR from (NP (QP 25.12 billion) yen) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 7.4 %) (PP-DIR to (NP (QP 1.255 trillion) yen)) (PP-DIR from (NP (QP 1.168 trillion) yen))) .)) (TOP (S (NP-SBJ NEC) (VP said (SBAR 0 (S (NP-SBJ first-half computer sales) (VP totaled (NP (NP (QP 555.5 billion) yen) , (ADVP up (NP 11 %) (PP from (NP (QP 500.26 billion) yen) (ADVP-TMP (NP a year) earlier)))))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP electrical devices))) (VP rose (NP-EXT 13 %) (PP-DIR to (NP (QP 283.8 billion) yen)) (PP-DIR from (NP (QP 251.8 billion) yen))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ (NP sales) (PP of (NP home electronic products))) (VP advanced (NP-EXT 3.7 %) (PP-DIR to (NP (QP 44.92 billion) yen)) (PP-DIR from (NP (QP 43.34 billion) yen)))))) .)) (TOP (S-1 (PP-TMP In (NP (NP the period) (VP (ADVP just) ended))) , (S (NP-SBJ computers) (VP accounted (PP-CLR for (NP (NP 44 %) (PP of (NP total sales)))))) (PRN , (S (NP-SBJ NEC) (VP said (SBAR 0 (S *T*-1)))) ,) and (S (NP-SBJ electrical devices) (VP made (PRT up) (NP 23 %))) .)) (TOP (S (NP-SBJ NEC) (VP forecast (NP (NP sales) (PP for (NP (NP the year) (VP ending (NP-TMP next March 31)))) (PP of (NP (NP (QP 2.74 trillion) yen) , (NP (NP an increase) (PP of (NP 27 %)) (PP from (NP-TMP the previous fiscal year))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ net income) (VP will (VP rise (NP-EXT 25 %) (PP-DIR to (NP (QP 69 billion) yen))))))) .)) (TOP (S (NP-SBJ-1 Montedison S.p.A.) (VP (ADVP-MNR definitively) agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP all) (PP of (NP (NP the (ADJP publicly held) shares) (PP of (NP Erbamont N.V.))))) (PP-CLR for (NP (NP $ 37 *U*) (NP-ADV each))))))) .)) (TOP (S (NP-SBJ Montedison) (ADVP-TMP now) (VP owns (NP (NP (QP about 72) %) (PP of (NP (NP (NP Erbamont 's) shares) (ADJP outstanding))))) .)) (TOP (S (NP-SBJ The companies) (VP said (SBAR 0 (S (NP-SBJ-1 the accord) (VP was (VP (ADVP-MNR unanimously) approved (NP *-1) (PP by (NP-LGS (NP a special committee) (PP of (NP (NP Erbamont directors) (ADJP unaffiliated (PP with (NP Montedison)))))))))))) .)) (TOP (S (PP-LOC Under (NP the pact)) , (NP-SBJ Montedision) (VP will (VP make (NP (NP a (ADJP $ 37-a-share *U*) tender offer) (PP for (NP (NP Erbamont stock) (ADJP outstanding)))))) .)) (TOP (S (NP-SBJ-1 The tender offer) (VP will (VP be (VP followed (NP *-1) (PP by (NP-LGS (NP the sale) (PP of (NP (NP all) (PP of (NP (NP Erbamont 's) assets)) , (ADJP subject (PP to (NP (NP all) (PP of (NP its liabilities))))))) , (PP to (NP Montedison))))))) .)) (TOP (S (NP-SBJ-1 Erbamont) (VP will (ADVP-TMP then) (VP be (VP liquidated (NP *-1) , (PP with (S-NOM (NP-SBJ any remaining Erbamont holders) (VP receiving (NP (NP a distribution) (PP of (NP (NP $ 37 *U*) (NP-ADV a share)))))))))) .)) (TOP (S (NP-SBJ The companies) (VP said (SBAR 0 (S (NP-SBJ-1 the transaction) (VP is (VP being (VP structured (NP *-1) (NP-MNR this way) (SBAR-PRP because (S (NP-SBJ (NP the laws) (PP of (NP the Netherlands Antilles)) , (SBAR (WHPP-3 under (WHNP which)) (S (NP-SBJ-2 Erbamont) (VP is (VP organized (NP *-2) (PP-LOC *T*-3))))) ,) (VP do n't (VP provide (PP-CLR for (NP merger transactions)))))))))))) .)) (TOP (S (S (NP-SBJ (NP A unit) (PP of (NP DPC Acquisition Partners))) (VP (VP launched (NP (NP a (ADJP $ 10-a-share *U*) tender offer) (PP for (NP (NP the shares) (ADJP outstanding) (PP of (NP Dataproducts Corp.)))))) , and (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP would (VP seek (S (NP-SBJ *-1) (VP to (VP liquidate (NP the computer-printer maker) `` (ADVP-TMP (ADVP as soon) (PP as (ADJP possible)))))) , '' (SBAR-ADV even if (S (NP-SBJ-2 a merger) (VP is n't (VP consummated (NP *-2)))))))))))) .)) (TOP (S (NP-SBJ-1 DPC Acquisition) (VP is (VP controlled (NP *-1) (PP by (NP-LGS (NP Crescott Investment Associates) , (NP Wilson Investment Group) , (NP Kernel Corp.) and (NP Catalyst Partners))))) .)) (TOP (S (NP-SBJ The investor group) (VP owns (NP (NP 1,534,600 Dataproducts common shares) , or (NP a (ADJP 7.6 %) stake))) .)) (TOP (S (NP-SBJ-1 The offer) (VP is (VP based (NP *-1) (PP-CLR on (NP (NP several conditions) , (PP including (S-NOM (NP-SBJ *) (VP obtaining (NP financing)))))))) .)) (TOP (S (NP-SBJ DPC Acquisition) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (VP received (NP (NP the reasonable assurance) (PP of (NP Chase Manhattan Bank N.A.)) (SBAR that (S (NP-SBJ-1 the financing) (VP can (VP be (VP obtained (NP *-1)))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a filing) (PP with (NP the Securities and Exchange Commission)))) , (NP-SBJ DPC Acquisition) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP need (NP (QP about $ 215 million) *U*) (S-CLR (NP-SBJ *-1) (VP to (VP (VP buy (NP the shares)) and (VP pay (NP related fees and expenses))))))))))))) .)) (TOP (S (NP-SBJ DPC Acquisition) (VP (VP added (SBAR that (S (NP-SBJ it) (VP has not (VP begun (NP (NP discussions) (PP with (NP financing sources)))))))) , and (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expected (S (NP-SBJ *-1) (VP to (VP repay (NP (NP the amounts) (VP borrowed (NP *))) (PP-CLR through (NP (NP proceeds) (PP of (NP the liquidation)))))))))))) .)) (TOP (S (NP-SBJ-2 Dataproducts officials) (VP (VP declined (S (NP-SBJ *-2) (VP to (VP comment)))) , and (VP said (SBAR 0 (S (NP-SBJ they) (VP had not (ADVP-TMP yet) (VP seen (NP (NP a suit) (VP filed (NP *) (PP-LOC in (NP federal court)) (PP by (NP-LGS DPC Acquisition))) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP seeks (S (NP-SBJ *-3) (VP to (VP nullify (NP (NP a standstill agreement) (PP between (NP (NP DPC Acquisition) and (NP Dataproducts))))))))))))))))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ DPC Acquisition) (VP made (NP (NP (NP a (ADJP $ 15-a-share *U*) offer) (PP for (NP Dataproducts))) , (SBAR (WHNP-1 which) (S (NP-SBJ the Dataproducts board) (VP said (SBAR 0 (S (NP-SBJ it) (VP rejected (NP *T*-1) (SBAR-PRP because (S (NP-SBJ-2 the (ADJP (QP $ 283.7 million) *U*) offer) (VP was not (VP (ADVP-MNR fully) financed (NP *-2))))))))))))) .)) (TOP (S (NP-SBJ Dataproducts) (VP has (ADVP-TMP since) (VP (VP started (NP a restructuring)) , and (VP has (VP said (SBAR 0 (S (NP-SBJ it) (VP is not (PP-PRD for (NP sale))))))))) .)) (TOP (S (NP-SBJ-1 Jayark Corp.) (VP agreed (S (NP-SBJ-2 *-1) (VP to (VP pay (NP (NP (NP (QP $ 4 million) *U*) (PP in (NP cash))) , (NP (NP (QP $ 2 million) *U*) (PP of (NP (ADJP 12 %) convertible debentures))) , and (NP (QP 1.6 million) common shares)) (S-PRP (NP-SBJ *-2) (VP to (VP acquire (NP (ADJP closely held) Kofcoh Imports Inc)))))))) .)) (TOP (S (PP-LOC In (NP over-the-counter trading)) (NP-TMP Friday) , (NP-SBJ-1 Jayark) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP (NP 87.5 cents) (VP bid (NP *))) , (ADVP down (NP-ADV 15.625 cents)))))) .)) (TOP (S (PP-LOC At (NP the market price)) , (NP-SBJ the transaction) (VP has (NP (NP a total indicated value) (PP of (NP (QP $ 7.4 million) *U*)))) .)) (TOP (S (NP-SBJ Kofcoh) (VP is (NP-PRD (NP a New York holding company) (PP for (NP (NP Rosalco Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP imports (NP (NP furniture) and (NP other items))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP David L. Koffman) , (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP Jayark))) ,) (VP holds (NP (NP (QP about 40) %) (PP of (NP Kofcoh))))) , (NP-SBJ Jayark) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Jayark) , (NP-LOC New York) ,) (VP (VP distributes and rents (NP audio-visual equipment)) and (VP prints (NP promotional ads) (PP-BNF for (NP retailers)))) .)) (TOP (S (PP-TMP In (NP (NP the quarter) (VP ended (NP-TMP July 31)))) , (NP-SBJ Jayark) (VP had (NP (NP an average) (PP of (NP (QP 5.6 million) shares)) (ADJP outstanding))) .)) (TOP (S (S-TPC-3 (NP-SBJ The transaction) (VP is (ADJP-PRD subject (PP to (NP (NP approval) (PP by (NP (NP a panel) (PP of (NP disinterested directors))))))))) , (NP-SBJ-1 the company) (VP said (SBAR 0 (S *T*-3)) , (S-ADV (NP-SBJ *-1) (VP adding (SBAR that (S (NP-SBJ-2 shareholder approval) (VP is n't (VP needed (NP *-2)))))))) .)) (TOP (S (NP-SBJ (NP Ajinomoto Co.) , (NP a Tokyo-based food-processing concern) ,) (VP said (SBAR 0 (S (NP-SBJ net income) (PP-TMP in (NP its first half)) (VP rose (NP-EXT 8.9 %) (PP-DIR to (NP (NP (QP 8.2 billion) yen) (PRN -LRB- (NP (QP $ 57.7 million) *U*) -RRB-))) (PP-DIR from (NP (QP 7.54 billion) yen) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Sales) (PP-TMP in (NP (NP the six months) (VP ended (NP-TMP Sept. 30)))) (VP were (ADVP-PRD up (NP 4.5 %) (PP-DIR to (NP (QP 229.03 billion) yen)) (PP-DIR from (NP (QP 219.27 billion) yen)))) .)) (TOP (S (NP-SBJ Sales) (VP were (ADJP-PRD higher) (PP-LOC in (NP (NP all) (PP of (NP (NP the company 's) business categories)))) , (PP with (S-NOM (NP-SBJ the biggest growth) (VP coming (PP-LOC in (NP (NP sales) (PP of (NP (NP foodstuffs) (PP such as (NP (NP margarine) , (NP coffee) and (NP frozen food))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP rose (NP-EXT 6.3 %)))))))))) .)) (TOP (S (NP-SBJ-1 Oils and fats) (ADVP also) (VP did (ADVP-MNR well) , (S-ADV (NP-SBJ *-1) (VP posting (NP a (ADJP 5.3 %) sales increase)))) .)) (TOP (S (NP-SBJ Sales) (PP-LOC in (NP (NP the category) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (NP (NP pharmaceuticals) , (NP amino acids) and (NP chemicals))))))) (VP rose (NP-EXT 4.7 %)) .)) (TOP (S (NP-SBJ Ajinomoto) (VP predicted (NP (NP sales) (PP-TMP in (NP (NP the current fiscal year) (VP ending (NP-TMP next March 31)))) (PP of (NP (NP (QP 480 billion) yen) , (PP compared (PP with (NP (NP (QP 460.05 billion) yen) (PP-TMP in (NP fiscal 1989))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (NP (NP full-year net) (PP of (NP (NP (QP 16 billion) yen) , (PP compared (PP with (NP (NP (QP 15 billion) yen) (PP-TMP in (NP the latest year)))))))))))) .)) (TOP (S (NP-SBJ (NP The New York Mercantile Exchange) , (NP (NP the world 's) chief oil futures marketplace) ,) (VP is (PP-LOC-PRD at (NP a critical juncture))) .)) (TOP (S (NP-SBJ (NP Several longtime observers) (PP of (NP the commodities industry))) (VP think (SBAR 0 (S (NP-SBJ-1 (NP the fortunes) (PP of (NP the Merc)) (PP-TMP over (NP the next decade))) (VP will (VP be (VP determined (NP *-1) (PP to (NP a large extent)) (PP by (NP-LGS (SBAR-NOM (WHADVP-3 how well) (S (NP-SBJ its new natural gas futures contract) (VP does (ADVP-MNR *T*-3)))) and (SBAR-NOM (WHADJP-2 how successful) (S (NP-SBJ-4 its new president) (VP is (ADJP-PRD *T*-2) (PP in (S-NOM (NP-SBJ *-4) (VP raising (NP (NP the level) (PP of (NP (NP compliance) (PP by (NP floor traders)) (PP with (NP exchange and Commodity Futures Trading Commission rules))))))))))))))))))) .)) (TOP (S-1 (SBAR-ADV If (S (NP-SBJ the exchange) (VP falters (PP-LOC in (NP these moves))))) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-1)))) ,) (NP-SBJ it) (VP might (ADVP-TMP once again) (VP fall (PP-CLR behind (NP (NP its chief New York competitor) , (NP the Commodity Exchange))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ (NP the Merc 's) board) (VP announced (SBAR that (S (NP-SBJ it) (VP had (VP approved (NP (NP (NP Sabine Pipe Line Co. 's) Henry Hub) (PP-LOC in (NP (NP Erath) , (NP La.) ,))) (PP-CLR as (NP (NP the delivery site) (PP for (NP its long-awaited natural gas futures contract))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP said (SBAR that (S (NP-SBJ-1 it) (VP would (VP start (S (NP-SBJ *-1) (VP trading (NP the contract))) (ADVP-TMP (ADVP as soon) (SBAR as (S (NP-SBJ the CFTC) (VP approved (NP it)))))))))) .)) (TOP (S (NP-SBJ The CFTC) (VP has (NP (NP 90 days) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP respond (PP-CLR to (NP such applications)) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ-1 The Merc) (ADVP-TMP first) (VP started (S (NP-SBJ-2 *-1) (VP working (PP-CLR on (S-NOM (NP-SBJ *-2) (VP developing (NP this contract)))))) (PP-TMP in (NP 1984))) .)) (TOP (S (ADVP-TMP (NP (QP Only three) weeks) earlier) , (NP-SBJ the Merc) (VP had (VP turned (PP-DIR to (NP (NP one) (PP of (NP (NP its own executives) , (NP 40-year-old R. Patrick Thompson) ,)))) (S-PRP (NP-SBJ *) (VP to (VP replace (NP Rosemary T. McFadden) (PP-CLR as (NP president))))))) .)) (TOP (S (NP-SBJ-2 Mr. Thompson) (VP is (VP believed (S (NP-SBJ *-2) (VP to (VP have (NP (NP a mandate (S *ICH*-3)) (PP from (NP (NP the board) (PP of (NP directors)))) (S-3 (NP-SBJ-4 *) (VP to (VP help (S (NP-SBJ *-4) (VP improve (NP (NP (NP the Merc 's) tarnished reputation) (PP as (NP (NP an exchange) (SBAR (WHNP-1 whose floor traders) (S (NP-SBJ *T*-1) (VP do n't (VP follow (NP the rules) (ADVP-MNR very well))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Ms. McFadden) (VP had (VP been (VP forced (NP *-1) (PRT out) (PP-TMP in (NP July)) (PP-LOC in (NP (NP a bitter power struggle) (PP with (NP (NP Z. Lou Guttman) , (NP (NP chairman) and (NP (NP a longtime floor trader) (PP-LOC on (NP the exchange))))))))))) .)) (TOP (S (NP-SBJ Mr. Guttman) (VP told (NP (NP one person) (ADJP familiar (PP with (NP the New York exchanges)))) (PP-TMP during (NP (NP the search) (PP for (NP a replacement)))) (SBAR that (S (NP-SBJ he) (VP was (VP looking (PP-CLR for (NP (NP a president) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP would (VP be `` (ADJP-PRD responsive (PP to (NP (NP the needs) (PP of (NP (NP the membership) and (NP the board))))))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Thompson) (ADVP-TMP first) (VP (VP came (PP-DIR to (NP the exchange)) (PP-TMP in (NP 1981))) and (VP has (VP been (NP-PRD executive vice president) (PP-TMP since (NP March 1988))))) .)) (TOP (S (NP-SBJ He) (ADVP-TMP previously) (VP held (NP (NP posts) (PP of (NP (NP (NP senior vice president) (PP of (NP compliance))) and (NP senior vice president) and (NP general counsel))))) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ the Comex) (PP-TMP in (NP July)) (VP imported (NP (NP a (ADJP highly regarded) outsider) , (NP Arnold F. Staloff) ,) (PP-CLR as (NP its president))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Staloff) , (NP 44) ,) (VP (VP was (NP-PRD (NP a senior officer) (PP of (NP the Philadelphia Stock Exchange)))) and (VP is (VP considered (S (NP-SBJ *-1) (NP-PRD (NP a specialist) (PP in (NP new financial products))))))) .)) (TOP (S (NP-SBJ Mr. Thompson) (VP is n't (ADJP-PRD bereft (PP of (NP (NP experience) (PP with (NP new products))))) , (ADVP however)) .)) (TOP (S-1 (PP-TMP For (NP the past two years)) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 (NP he) and (NP (NP the exchange 's) research department)) (VP have (VP been (VP working (PP-CLR on (NP the new natural gas contract)) , (S-ADV (NP-SBJ *-2) (VP (VP seeking (NP a good delivery site)) and (VP studying (NP the natural gas market))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ-1 Our members) (VP are (ADJP-PRD eager (S (NP-SBJ-2 *-1) (VP to (VP begin (S (NP-SBJ *-2) (VP trading (NP this contract))))))) , (SBAR-PRP so (S (NP-SBJ we) (VP expect (NP (NP no difficulty) (PP in (S-NOM (NP-SBJ *) (VP attracting (NP locals) (PP-CLR to (NP the natural gas pit))))))))))) , '' (NP-SBJ he) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (S-TPC-4 (NP-SBJ-3 (NP The educational effort) (PP of (S-NOM (NP-SBJ *) (VP teaching (NP-5 (NP companies) (PP-LOC in (NP the natural gas industry))) (SBAR (WHADVP-1 how) (S (NP-SBJ-2 *-5) (VP to (VP use (NP the futures) (ADVP-MNR *T*-1) (S-CLR (NP-SBJ *-2) (VP to (VP hedge))))))))))) (VP would (VP have (S (NP-SBJ *-3) (VP to (VP continue (PP-TMP for (NP another a year (QP or two))))))))) , (NP-SBJ he) (VP added (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ (NP (NP The Merc 's) (ADJP extremely successful) contracts) (PP-LOC in (NP (NP crude oil) , (NP gasoline) and (NP heating oil)))) (VP have (VP made (S (NP-SBJ it) (UCP-PRD (NP (NP the largest futures exchange) (PP-LOC in (NP New York))) , and (ADJP third (PP behind (NP (NP (NP the Chicago Board) (PP of (NP Trade))) and (NP Chicago Mercantile Exchange)))))))) .)) (TOP (S (PP-LOC In (NP a recent interview)) , (NP-SBJ Mr. Thompson) (VP said (SBAR 0 (S (NP-SBJ (NP the biggest problem) (VP facing (NP all commodity exchanges))) (VP was (NP-PRD (NP one) (PP of (NP image))))))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ the U.S. attorney) (VP indicted (NP (NP (NP 45 floor traders) (PP-LOC *RNR*-1)) and (NP (NP one clerk) (PP-LOC *RNR*-1)) (PP-LOC-1 at (NP the two big Chicago exchanges)))) .)) (TOP (S (NP-SBJ (NP Federal authorities) (PP-LOC in (NP New York))) (VP started (VP investigating (NP exchanges) (PP-TMP in (NP May)) , (SBAR-ADV though (S (NP-SBJ-1 no indictments) (VP have (VP been (VP handed (PRT down) (NP *-1) (ADVP-LOC there)))))))) .)) (TOP (S (ADVP-TMP So far) (NP-SBJ they) (VP have (VP issued (NP (NP scores) (PP of (NP subpoenas)) , (SBAR (WHNP-1 (NP some) (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP went (PP-DIR to (NP (NP members) (PP of (NP the New York Merc)))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Thompson) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP face (NP (NP some) (PP of (NP (NP the consequences) (PP of (NP those subpoenas)))))))))) .)) (TOP (S (PP-LOC In (NP a recent General Accounting Office study)) , (NP-SBJ-1 the Merc) (VP was (VP found (S (NP-SBJ *-1) (VP to (VP have (VP been (NP-PRD (NP the (ADJP most lax)) (PP in (S-NOM (NP-SBJ *) (VP enforcing (NP exchange rules))))))))))) .)) (TOP (S (NP-SBJ It) (VP levied (NP (NP the smallest number) (PP of (NP (NP (NP suspensions) (PP of (NP traders))) and (NP fines))) (PP of (NP (NP the four largest commodity exchanges) (VP studied (NP *) (PP-TMP over (NP the past five years))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP had (NP (NP both the (ADJP (ADJP fewest) , and (ADJP least experienced) ,) investigators) (PP per (NP (NP million contracts) (VP traded (NP *)))))) .)) (TOP (S (NP-SBJ The Merc) (VP received (NP considerable criticism) (PP-TMP in (NP 1987)) (SBAR-TMP (WHADVP-6 when) (S (NP-SBJ it) (VP was (VP discovered (SBAR that (S (NP-SBJ-3 (NP its compliance director) , (NP Kevin P. Conway) , (SBAR (WHNP-4 who) (S (NP-SBJ *T*-4) (ADVP-TMP then) (VP was (ADJP-PRD responsible (PP for (S-NOM (NP-SBJ *) (VP policing (NP (NP the exchange 's) busy oil and metal pits)))))))) ,) `` (VP was (VP engaged (NP *-3) (PP-CLR in (NP (NP other personal business activities) (PP *ICH*-1))) (PP-TMP on (NP Exchange time)) , '' (PP-1 including (NP out-of-state trips)) , (PP according (PP to (NP (NP a New York Merc report) (VP prepared (NP *) (NP-TMP last year))))))))) (ADVP-TMP *T*-6)))))) .)) (TOP (S (NP-SBJ Mr. Conway) (VP is (ADVP-TMP no longer) (PP-LOC-PRD at (NP the exchange))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP had (NP a management breakdown) (PP-TMP in (NP 1987)) (PP in (NP (NP terms) (PP of (NP compliance)))))) , '' (NP-SBJ Mr. Thompson) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ We) (VP (VP recognized (NP the problem)) and (VP took (NP-CLR care) (PP-CLR of (NP it)))) . '')) (TOP (S (NP-SBJ He) (VP says (SBAR that (S (SBAR-ADV even if (S (NP-SBJ the natural gas contract) (VP boosts (NP (NP volume) (PP-LOC at (NP the exchange))) (ADVP-MNR strongly)))) , (NP-SBJ the 1990 business plan) (VP calls (PP-CLR for (S-NOM (NP-SBJ *) (VP having (NP (NP adequate compliance people) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP ensure (SBAR that (S (NP-SBJ-1 exchange rules) (VP are (VP being (VP followed (NP *-1)))))))))))))))))) .)) (TOP (S (PP-TMP For (NP years)) (NP-SBJ the five New York exchanges) (VP have (VP been (VP talking (PP-CLR about (S-NOM (NP-SBJ-1 *) (VP cooperating (PP-LOC in (NP (NP various aspects) (PP of (NP their business)))) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP improve (NP (NP the efficiency) (PP of (NP their operations))))))))))))) .)) (TOP (S (ADVP-TMP Periodically) , (NP-SBJ there) (VP has (ADVP even) (VP been (NP-PRD (NP talk) (PP of (NP (NP mergers) (PP between (NP (QP one or more) exchanges))))))) .)) (TOP (S (ADVP-TMP So far) (NP-SBJ there) (VP is (NP-PRD (NP little) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP show (NP *T*-1) (PP for (NP such efforts)))))))) .)) (TOP (S (NP-SBJ Mr. Thompson) (VP believes (SBAR 0 (S (NP-SBJ (NP the case) (PP for (S-NOM (NP-SBJ *) (VP working (ADVP-MNR together))))) (VP is (ADJP-PRD (ADJP stronger) (PP *ICH*-1)) (ADVP-TMP now) (PP-1 than (ADVP-TMP ever)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The cost) (PP of (NP competition))) (VP has (VP become (ADJP-PRD extremely high)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ We) (VP must (VP find (NP (NP ways) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP save (NP money) (PP for (NP (NP the futures commission merchants) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP do (NP business) (PP-LOC on (NP our exchanges))))))) (ADVP-MNR *T*-2)))))))) . '')) (TOP (S (NP-SBJ He) (VP thinks (SBAR that (S (NP-SBJ-1 (NP progress) (PP-LOC in (NP cooperation))) (VP can (VP be (VP made (NP *-1) (PP-LOC in (NP (NP areas) (SBAR (WHADVP-2 where) (S (NP-SBJ no vested interests) (VP have (VP built (PRT up) (ADVP-LOC *T*-2))))))))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP those areas))) (VP is (NP-PRD (NP the development) (PP of (NP (NP a hand-held electronic device) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP permit (S (NP-SBJ floor traders) (VP to (VP enter (NP trades) (SBAR-TMP as (S (NP-SBJ they) (VP make (NP them))))))))))))))) .)) (TOP (S (NP-SBJ The GAO) (VP has (VP recommended (NP (NP the creation) (PP of (NP (NP a system) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP record (NP trade data) (ADVP-MNR *T*-2) (SBAR-PRP so that (S (NP-SBJ-1 an independent , verifiable audit trail) (VP can (VP be (VP established (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP prevent (NP customer fraud)))))))))))))))))) .)) (TOP (S (NP-SBJ The Merc) (VP is (ADVP-TMP now) (VP cooperating (PP-CLR with (NP the Comex)) (PP in (S-NOM (NP-SBJ *) (VP developing (NP (NP such a device) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP provide (NP such an audit trail))))))))))) .)) (TOP (S (NP-SBJ The Chicago exchanges) (ADVP also) (VP are (VP working (PP-CLR on (NP such a device)))) .)) (TOP (S (NP-SBJ (NP Another major electronics problem) (NP *ICH*-2)) (VP faces (NP Mr. Thompson) -- (NP-2 (NP the creation) (PP of (NP (NP a 24-hour trading system) (SBAR (WHNP-4 that) (S (NP-SBJ-3 *T*-4) (VP can (VP be (VP used (NP *-3) (PP-TMP outside (NP normal trading hours))))))))))) .)) (TOP (S (PP-TMP In (NP January)) , (NP-SBJ the New York Merc) (VP signed (NP (NP a letter) (PP of (NP intent))) (PP with (NP the Chicago Merc)) (PP as (NP (NP a preliminary step) (PP to (S-NOM (NP-SBJ *) (VP joining (NP (NP their electronic system) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP called (S (NP-SBJ *-2) (NP-PRD Globex)))))))))))) .)) (TOP (S But (PP-TMP in (NP May)) , (S (NP-SBJ the Chicago Merc) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP looking (PP-CLR into (S-NOM (NP-SBJ *-1) (VP creating (NP a common system) (PP with (NP (NP the Chicago Board) (PP of (NP Trade))))))))))))) , and (S (NP-SBJ it) (VP suspended (NP (NP negotiations) (PP with (NP the New York Merc))))) .)) (TOP (S (NP-SBJ Mr. Thompson) (VP says (SBAR 0 (S (NP-SBJ his exchange) (VP is n't (VP waiting (PP-CLR for (NP (NP the results) (PP of (NP (NP the Chicago exchanges ') cooperation))))))))) .)) (TOP (S (NP-SBJ It) (ADVP-TMP recently) (VP began (NP (NP a pilot program) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP test (NP (NP an electronic trading system) (VP called (S (NP-SBJ *) (NP-PRD ATS/2))) , (NP (NP the automated trading system) (VP created (NP *) (PP by (NP-LGS the International Commodities Clearing House))))))))))) .)) (TOP (S (NP-SBJ *) (VP Looking (ADVP-CLR ahead) (PP-CLR to (NP (NP commodity markets) (NP-TMP this week)))) :)) (TOP (NP-HLN Copper)) (TOP (S (NP-SBJ (NP Michael Frawley) , (NP (NP metals trader) (PP for (NP (NP PaineWebber Inc.) (PP-LOC in (NP New York))))) ,) (VP said (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP (ADJP good technical) support) (PP between (NP (NP (QP $ 1.10 and $ 1.12) *U*) (NP-ADV a pound))) (PP for (NP (NP December copper) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP ended (NP-TMP Friday) (PP-CLR at (NP (NP (NP $ 1.1580 *U*) (NP-ADV a pound)) , (ADVP up (NP 1.6 cents)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP (VP views (NP the (ADJP (QP $ 1.10 to $ 1.12) *U*) range) (PP-CLR as (NP a buying opportunity))) and (VP considers (S (NP-SBJ-1 the market) (VP oversold (NP *-1))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the market) (VP could (VP pop (ADVP-DIR up (PP to (NP the (ADJP (QP $ 1.22 to $ 1.25) *U*) level))) (PP without (NP (ADJP too much) difficulty)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S But (S (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ it) (VP wo n't (VP climb (ADVP-DIR further))))))) and (S (NP-SBJ he) (VP expects (S (NP-SBJ it) (VP to (VP remain (PP-LOC in (NP (NP a trading range) (PP between (NP (QP $ 1.10 and $ 1.25) *U*))))))))) .)) (TOP (S (NP-SBJ He) (VP noted (SBAR that (S (S (NP-SBJ the equity markets) (VP will (VP set (NP the tone) (PP for (NP the industrial metals)) (NP-TMP this week)))) and (S (NP-SBJ traders) (VP should (VP keep (NP-CLR an eye) (PP-CLR on (NP Wall Street)))))))) .)) (TOP (S (NP-SBJ (NP William O'Neill) , (NP (NP research director) (PP for (NP (NP Elders Futures Inc.) (PP-LOC in (NP New York))))) ,) (VP said (SBAR 0 (S (SBAR-ADV for (S (NP-SBJ a rally) (VP to (VP occur)))) , (NP-SBJ there) (VP must (VP be (NP-PRD (NP demand) (PP from (NP the Far East)))))))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ-1 (NP talk) (PP of (NP (NP strike settlements) (PP-LOC at (NP producing mines))))) (VP has (VP been (VP (ADVP-MNR fully) discounted (NP *-1))))))) .)) (TOP (S (ADVP However) , (S-PRP (NP-SBJ *-1) (VP to (VP resume (NP the bull trend)))) , (PP according (PP to (NP Mr. O'Neill))) , (NP-SBJ-1 copper) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP close (PP-LOC over (NP $ 1.19 *U*))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ there) (VP are (NP-PRD (NP two reports) (SBAR *ICH*-2) (NP *ICH*-3)) (NP-TMP this week) (SBAR-2 (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP affect (NP prices))))) : (NP-3 (NP (NP the purchasing managers report) (PP-TMP on (NP Wednesday))) and (NP (NP the unemployment report) (PP-TMP on (NP Friday)))))))) .)) (TOP (NP-HLN Precious Metals)) (TOP (S (NP-SBJ (NP Friday 's) strong price gains) (VP confirmed (NP (NP a turnaround) (PP-LOC in (NP the precious metals markets))) , (PP according (PP to (NP (NP PaineWebber 's) (NP Mr. Frawley))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 Most traders) (VP will (VP be (VP looking (S (NP-SBJ *-1) (VP to (VP buy (PP -LCB- on -RCB- (NP pullbacks))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ He) (VP thought (SBAR (S (NP-SBJ-1 (NP the moves) (PP-LOC in (NP the metals)) (NP-TMP last week)) (VP were (VP (ADVP most) influenced (NP *-1) (PP by (NP-LGS (NP the uncertainty) (PP-LOC in (NP (UCP the equity and other) financial markets))))))))) .)) (TOP (S (PP According (PP to (NP Mr. Frawley))) , (NP-SBJ floor traders) (VP say (SBAR 0 (S (NP-SBJ there) (VP (VP is (NP-PRD good support) (PP-1 for (NP December gold)) (PP-LOC-2 in (NP the (ADJP (QP $ 374 to $ 375) *U* (PP per (NP ounce))) area))) , (VP (PP-LOC=2 around (NP (NP $ 5.20 *U*) (NP-ADV an ounce))) (PP=1 for (NP December silver))) and (VP (PP-LOC=2 in (NP the (ADJP (QP $ 485 to $ 490) *U* (NP-ADV an ounce)) range)) (PP=1 for (NP January platinum))))))) .)) (TOP (S (NP-SBJ (NP William O'Neill) , (NP (NP research director) (PP for (NP (NP Elders Futures Inc.) (PP-LOC in (NP New York))))) ,) (VP said (SBAR (S (NP-SBJ (NP the price action) (PP for (NP (NP all) (PP of (NP last week))))) (VP is (NP-PRD (NP the best) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP has (VP seen (NP *T*-1) (PP-TMP on (NP a weekly basis)) (PP-TMP in (NP (NP more) (PP than (NP a year))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP (NP last week 's) activity) (PP-LOC in (NP gold))) (VP could (VP portend (NP (NP a move) (PP to (NP (NP $ 390 *U*) (NP-ADV an ounce)))) (PP for (NP the December contract))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ traders) (VP should (VP keep (NP-CLR an eye) (PP-CLR on (NP the stock market)) , (SBAR-PRP because `` (S (SBAR-ADV if (S (NP-SBJ the stock market) (VP rallies))) , (NP-SBJ that) (VP could (VP spell (NP-CLR trouble) (PP-CLR for (NP the precious metals))))))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ traders) (VP should (VP be (PP-PRD on (NP the lookout)) (PP-CLR for (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ metals producers) (VP react (PP-CLR to (NP this rally)) (ADVP-MNR *T*-1)))))))))) .)) (TOP (S `` (S (NP-SBJ-1 I) (VP expect (S (NP-SBJ *-1) (VP to (VP see (NP some selling)))))) , but (SQ will (NP-SBJ-2 they) (VP kill (NP this one) (SBAR-MNR as (S (NP-SBJ they) (VP have (VP *?* (NP (NP every rally) (PP-TMP in (NP the recent past))))))) '' (PP-MNR by (S-NOM (NP-SBJ *-2) (VP (VP selling) and (VP locking (PRT in) (NP (NP prices) (PP for (NP their production)))))))) ?))) (TOP (S (NP-SBJ He) (VP noted (SBAR that (S (PP-TMP for (NP (NP the first time) (PP-TMP in (NP months)))) (NP-SBJ there) (VP was (NP-PRD some light investor interest) (PP-LOC in (NP the metals)))))) .)) (TOP (NP-HLN Grains And Soybeans)) (TOP (S (NP-SBJ-1 Prices) (NP-TMP this week) (VP will (ADVP likely) (VP be (VP dominated (NP *-1) (PP (PP by (NP-LGS (NP reports) (PP on (NP (NP the progress) (PP of (NP the corn and soybean harvest)))))) (CONJP as well as) (PP by (NP-LGS (NP speculation) (PP about (NP (NP more purchases) (PP of (NP U.S. crops)) (PP by (NP the Soviet Union)))))))))) .)) (TOP (S (S (PP-TMP In (NP recent weeks)) , (NP-SBJ (ADJP warm and dry) weather) (VP has (VP sped (NP the Midwest harvest)))) and (S (NP-SBJ that) (VP is (VP permitting (S (NP-SBJ farmers) (VP to (VP rebuild (NP (NP the stockpiles) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were (VP cut (NP *-1) (PP by (NP-LGS the 1988 drought))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the weather) (VP allowed (S (NP-SBJ farmers) (VP to (VP work (PP-LOC in (NP their fields)) (PP-TMP over (NP the weekend)))))))) , (NP-SBJ-1 many Midwest grain elevators) (VP will (ADVP probably) (VP sell (NP futures contracts) (NP-TMP today) (PP-LOC at (NP (NP the Chicago Board) (PP of (NP Trade)))) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP hedge (NP (NP their weekend purchases) (PP from (NP farmers))))))))) .)) (TOP (S (NP-SBJ (NP That selling) (PP of (NP futures contracts)) (PP by (NP elevators))) (VP is (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ-2 *T*-1) (VP helps (S (NP-SBJ *-2) (VP keep (NP downward pressure) (PP-CLR on (NP crop prices)) (PP-TMP during (NP the harvest)))))))) .)) (TOP (S (NP-SBJ Traders) (VP will (ADVP also) (VP watch (PP-CLR for (SBAR whether (S (NP-SBJ the Soviet Union) (VP continues (NP (NP its traditional fall buying) (PP of (NP U.S. grain))))))))) .)) (TOP (S (ADVP-TMP So far) (NP-TMP this month) , (NP-SBJ the Soviets) (VP have (VP bought (NP (NP (QP about 7.2 million) metric tons) (PP of (NP U.S. corn))))) .)) (TOP (S (NP-SBJ There) (VP may (VP be (NP-PRD some activity) (PP-LOC in (NP soybean prices)) (NP-TMP this week) (SBAR-ADV as (S (NP-SBJ-1 investors) (VP try (S (NP-SBJ *-1) (VP to (VP get (ADJP-PRD rid (PP of (NP (NP the contract) (PP for (NP November delivery))))))))))))) .)) (TOP (S (NP-SBJ-1 Investors) (ADVP-TMP usually) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP take (NP (NP physical delivery) (PP of (NP a contract)))))) , (S-ADV (NP-SBJ-2 *-1) (VP preferring (ADVP instead) (S (NP-SBJ *-2) (VP to (VP (VP profit (PP-CLR from (NP its price swings))) and (VP (ADVP-TMP then) end (NP any obligation (S (NP-SBJ *) (VP to (VP (VP take (NP delivery)) or (VP make (NP delivery)) (SBAR-TMP as (S (NP-SBJ it) (VP nears (NP expiration)))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Employees) (PP of (NP (NP the Globe and Mail) , (NP (NP a Thomson Corp. newspaper) (PP-LOC in (NP Toronto)))) ,)) (VP voted (S (NP-SBJ *-1) (VP to (VP accept (NP a tentative contract agreement)))) (NP-TMP Saturday) , (S-ADV (NP-SBJ *-1) (VP averting (NP (NP a strike) (PP-LOC at (NP (NP Canada 's) leading daily)))))) .)) (TOP (S (PP-LOC Under (NP (NP the terms) (PP of (NP (NP the three-year contract) , (ADJP similar (PP to (NP (NP one) (VP reached (NP *) (PP-LOC at (NP (NP Torstar Corp. 's) Toronto Star newspaper)) (NP-TMP earlier this month))))) ,)))) (NP-SBJ the 500 Globe and Mail workers) (VP will (VP (VP see (NP (NP a raise) (PP of (NP-1 8 %))) (PP-TMP-2 in (NP (NP the contract 's) first year))) and (VP (NP=1 7 %) (PP-TMP=2 in (NP (NP each) (PP of (NP the following two years))))))) .)) (TOP (S (NP-SBJ (NP Lorne Slotnick) , (NP (NP vice chairman) (PP of (NP (NP the Southern Ontario Newspaper Guild) , (NP (NP the union) (VP representing (NP the workers))) ,)))) (VP said (SBAR 0 (S (NP-SBJ Thomson) (VP made (NP significant concessions) (PP-LOC in (NP (NP the final round) (PP of (NP talks)))))))) .)) (TOP (S (S-TPC-1 (PP In (NP (NP addition) (PP to (NP wage increases)))) , (NP-SBJ the union) (VP negotiated (NP improved (NX (NX vacation plans) , (NX benefit packages) and (NX pension plans))))) , (NP-SBJ Mr. Slotnick) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP (QP more than 70) %) (PP of (NP the bargaining unit))) (VP voted (PP-MNR in (NP (NP favor) (PP of (NP the agreement)))))))) .)) (TOP (S (NP-SBJ-1 Wall Street) (VP is (ADJP-PRD (ADVP just about) ready (S (NP-SBJ *-1) (VP to (VP line (NP the bird cage) (PP-CLR with (NP paper stocks))))))) .)) (TOP (S (PP-TMP For (NP three years)) , (NP-SBJ (NP a healthy economy) and (NP (NP the export-boosting effects) (PP of (NP a weak dollar)))) (VP propelled (NP (NP sales and earnings) (PP of (NP the big paper companies))) (PP-DIR to (NP record levels))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ the good times) (VP rolled))) (NP-SBJ they) (VP (ADVP more than) doubled (NP (NP their prices) (PP for (NP (NP pulp) , (NP (NP a raw material) (VP used (NP *) (PP-LOC in (NP (NP all sorts) (PP of (NP paper)))))) ,))) (PP-DIR to (NP (NP $ 830 *U*) (NP-ADV a metric ton)) (NP-TMP this past spring)) (PP-DIR from (NP (NP $ 380 *U*) (NP-ADV a ton)) (PP-TMP at (NP (NP the start) (PP of (NP 1986)))))) .)) (TOP (S But (ADVP-TMP now) (NP-SBJ the companies) (VP are (VP getting (PP-CLR into (NP trouble)) (SBAR-PRP because (S (NP-SBJ they) (VP undertook (NP a record expansion program) (SBAR-TMP while (S (NP-SBJ they) (VP were (VP raising (NP prices) (ADVP-MNR sharply)))))))))) .)) (TOP (S (NP-SBJ (NP Third-quarter profits) (PP-LOC *ICH*-1)) (VP fell (PP-LOC-1 at (NP several companies))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ *) (VP Put (NP your money) (PP-PUT in (NP (NP a good (NX (NX utility) or (NX bank stock))) , not (NP a paper company))))) , '' (VP advises (S *T*-1)) (NP-SBJ (NP George Adler) (PP of (NP Smith Barney))) .)) (TOP (S (NP-SBJ Other analysts) (VP are (PP-PRD (ADVP nearly) as (ADJP pessimistic))) .)) (TOP (S (NP-SBJ (NP Gary Palmero) (PP of (NP Oppenheimer & Co.))) (VP expects (NP (NP a (ADJP 30 %) decline) (PP-LOC in (NP earnings))) (PP-TMP between (NP (NP now) and (NP 1991))) (PP for (NP (NP `` commodity-oriented '' paper companies) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP account (PP-CLR for (NP (NP the majority) (PP of (NP the industry)))))))))) .)) (TOP (S (NP-SBJ (NP Robert Schneider) (PP of (NP Duff & Phelps))) (VP sees (S (NP-SBJ paper-company stock prices) (VP (VP falling (NP-EXT-2 (QP 10 % to 15 %) *U*) (PP-TMP in (NP 1990)) (ADVP-1 *NOT*) (SBAR-ADV-3 *NOT*)) , (VP (ADVP=1 perhaps) (NP-EXT=2 25 %) (SBAR-ADV=3 if (S (NP-SBJ there) (VP 's (NP-PRD a recession)))))))) .)) (TOP (S (NP-SBJ Paper companies) (VP concede (SBAR that (S (NP-SBJ business) (VP has (VP been (ADVP-PRD off) (ADVP-TMP recently)))))) .)) (TOP (S But (NP-SBJ they) (VP attribute (NP (NP much) (PP of (NP the weakness))) (PP-CLR to (NP customer inventory reductions))) .)) (TOP (S (ADVP Generally) (NP-SBJ they) (VP maintain (SBAR that , (S (PP barring (NP (NP a recession) and (NP (NP a further strengthening) (PP of (NP the dollar)) (PP against (NP foreign currencies))))) , (NP-SBJ-1 the industry) (VP is n't (VP headed (NP *-1) (PP-CLR for (NP a prolonged slump))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP wo n't (VP be (NP-PRD an earthshaking drop)))) , '' (NP-SBJ a Weyerhaeuser spokesman) (VP says (S *T*-1)) .)) (TOP (S (NP-TMP Last week) (NP-SBJ Mr. Adler) (VP lowered (NP his rating) (PP-DIR from (NP hold)) (PP-DIR to `` (NP avoid) '') (PP on (NP (NP Boise Cascade) , (NP Champion International) , (NP Great Northern Nekoosa) , (NP International Paper) , (NP Louisiana Pacific) and (NP Weyerhaeuser)))) .)) (TOP (S (NP-SBJ (NP Oppenheimer 's) Mr. Palmero) , (ADVP-TMP meanwhile) , (VP is (VP steering (ADVP-CLR clear) (PP-CLR of (NP (NP Gaylord Container) , (NP Stone Container) and (NP Federal Paper Board))))) .)) (TOP (S (NP-SBJ Mr. Schneider) (VP is (ADJP-PRD cool) (PP to (NP (NP Georgia Pacific) and (NP Abitibi-Price)))) .)) (TOP (S (NP-SBJ (NP Lawrence Ross) (PP of (NP PaineWebber))) (VP would (VP avoid (NP Union Camp))) .)) (TOP (S (NP-SBJ (NP The companies) (PP in (NP question))) (VP believe (SBAR 0 (S (NP-SBJ the analysts) (VP are (ADJP-PRD too pessimistic))))) .)) (TOP (S (NP-SBJ Great Northern Nekoosa) (VP said , `` (S (NP-SBJ (NP The odds) (PP of (S-NOM (NP-SBJ (NP the dire predictions) (PP about (NP us))) (VP being (ADJP-PRD right))))) (VP are (ADJP-PRD small)))) . '')) (TOP (S (NP-SBJ International Paper) (VP emphasizes (SBAR that (S (NP-SBJ it) (VP is (ADJP-PRD (ADJP (ADVP-MNR better) positioned) (PP than (NP most companies)) (PP for (NP the coming overcapacity)) (SBAR-PRP because (S (NP-SBJ its individual mills) (VP can (VP make (NP (NP (QP more than one) grade) (PP of (NP paper)))))))))))) .)) (TOP (S (NP-SBJ A Boise-Cascade spokesman) (VP referred (PP-CLR to (NP (NP a speech) (PP by (NP Chairman John Fery)) , (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ he) (VP said (SBAR that (S (NP-SBJ markets) (ADVP generally) (VP are (ADJP-PRD stable) , (SBAR-ADV although (S (NP-SBJ (NP some risk) (PP of (NP further price deterioration))) (VP exists)))))) (PP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ Stone Container Chairman Roger Stone) (VP said (SBAR that , (S (PP unlike (PP for (NP some other paper products))) , (NP-SBJ (NP demand) (PP for (NP (NP (NP Stone 's) principal commodity) , (NP unbleached containerboard) ,))) (VP remains (ADJP-PRD strong))))) .)) (TOP (S (NP-SBJ He) (VP expects (S (NP-SBJ (NP the price) (PP for (NP that product))) (VP to (VP rise (ADVP-MNR even more) (NP-TMP next year))))) .)) (TOP (S (NP-SBJ Gaylord Container) (VP said (SBAR 0 (S (NP-SBJ analysts) (VP are (ADJP-PRD skeptical (PP of (NP it))) (SBAR-PRP because (S (NP-SBJ it) (VP 's (VP carrying (NP (NP a lot) (PP of (NP debt))))))))))) .)) (TOP (S (NP-SBJ Champion International) (VP said , `` (S (S (NP-SBJ We) (VP 've (VP gotten (S (NP-SBJ our costs) (ADVP-PRD down))))) and (S (NP-SBJ we) (VP 're (ADJP-PRD (ADJP (ADVP-MNR better) positioned) (PP for (NP any cyclical downturn)) (SBAR than (S (NP-SBJ we) (VP 've (ADVP-TMP ever) (VP been (ADJP-PRD *?*)))))))))) . '')) (TOP (S (NP-SBJ (NP Louisiana Pacific) and (NP Georgia Pacific)) (VP said (SBAR 0 (S (NP-SBJ (NP a number) (PP of (NP other analysts))) (VP are (VP recommending (NP them) (PP-PRP because of (NP their strong wood-products business))))))) .)) (TOP (S (NP-SBJ Federal Paper Board) (VP said , `` (S (NP-SBJ We) (VP 're not (ADJP-PRD (ADJP as exposed) (PP as (NP (NP the popular perception) (PP of (NP us)))))))) . '')) (TOP (S (NP-SBJ The company) (VP explained (SBAR that (S (NP-SBJ (NP its main product) , (NP bleached paperboard) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP goes (PP-DIR into (NP (NP some advertising materials) and (NP white boxes)))))) ,) (ADVP historically) (VP does n't (VP have (NP sharp price swings)))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ (NP the stock prices) (PP of (NP some paper companies))) (ADVP-TMP already) (VP reflect (NP an expected profit slump)))) , (NP-SBJ (NP PaineWebber 's) Mr. Ross) (VP says (SBAR 0 (S (NP-SBJ he) (VP thinks (SBAR that (S (NP-TMP next year) (NP-SBJ (NP the share prices) (PP of (NP some companies))) (VP may (VP fall (ADVP at most) (NP-EXT (QP only 5 % to 10 %) *U*))))))))) .)) (TOP (S-1 (NP-SBJ-2 (NP A company) (PP such as (NP Federal Paper Board))) (VP (VP may (VP be (VP (ADVP-MNR overly) discounted (NP *-2)))) and (VP looks `` (ADJP-PRD tempting) '' (PP to (NP him))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (SBAR-ADV though (S (NP-SBJ he) (VP is n't (ADVP-TMP yet) (VP recommending (NP the shares)))))) .)) (TOP (S (NP-SBJ Wall Street) (VP is n't (VP avoiding (NP (NP everything) (VP connected (NP *) (PP-CLR with (NP paper)))))) .)) (TOP (S (NP-SBJ-1 Mr. Palmero) (VP recommends (NP Temple-Inland) , (S-ADV (NP-SBJ *-1) (VP explaining (SBAR that (S (NP-SBJ-2 it) (VP (VP is `` (NP-PRD (NP virtually the sole major paper company) (VP not undergoing (NP a major capacity expansion)))) , '' and (VP (ADVP thus) should (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP lower (NP long-term debt) (ADVP-MNR substantially) (NP-TMP next year))))))))))))) .)) (TOP (S (NP-SBJ A Temple-Inland spokesman) (VP said (SBAR 0 (S (S (NP-SBJ the company) (VP expects (NP record earnings) (PP-TMP in (NP 1989)))) , and (S `` (NP-SBJ we) (VP 're (ADVP-TMP still) (ADJP-PRD pretty bullish '' (PP on (NP 1990)))))))) .)) (TOP (S (NP-SBJ The analysts) (VP say (SBAR 0 (S (NP-SBJ their gloomy forecasts) (VP have (NP a flip side))))) .)) (TOP (S (NP-SBJ Some) (VP take (NP (NP a warm view) (PP of (NP (NP consumer-oriented paper companies) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP buy (NP pulp) (PP-CLR from (NP the commodity producers))) and (VP should (VP benefit (PP-CLR from (NP (NP the expected declines) (PP-LOC in (NP pulp prices))))))))))))) .)) (TOP (S (NP-SBJ (NP Estimates) (PP on (SBAR-NOM (WHADVP-1 how much) (S (NP-SBJ pulp prices) (VP will (VP fall (NP-TMP next year) (ADVP *T*-1))))))) (ADVP-TMP currently) (VP run (PP-CLR between (NP (NP (QP $ 150 and $ 250) *U*) (NP-ADV a metric ton)))) .)) (TOP (S (NP-SBJ Analysts) (VP agree (SBAR that (S (NP-SBJ the price drop) (VP should (VP (ADVP-MNR especially) benefit (NP (NP the two big tissue makers) , (NP (NP Scott Paper) and (NP Kimberly-Clark)))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP Scott))) (VP says (SBAR that (S (S-ADV (NP-SBJ *) (VP assuming (SBAR 0 (S (NP-SBJ-1 (NP the price) (PP of (NP pulp))) (VP continues (S (NP-SBJ *-1) (VP to (VP soften)))))))) , `` (NP-SBJ We) (VP should (VP do (ADVP-MNR well)))))) .)) (TOP (S (NP-SBJ (NP Shoney 's) Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP report (NP (NP a write-off) (PP of (NP (NP (QP $ 2.5 million) *U*) , or (NP (NP seven cents) (NP-ADV a share)) ,))) (PP for (NP (NP its fourth quarter) (VP ended (NP-TMP yesterday))))))))) .)) (TOP (S (NP-SBJ The restaurant operator) (VP cited (NP (NP transaction costs) (PP from (NP its 1988 recapitalization)) (PP as (NP (NP a result) (PP of (NP (NP a (ADJP (QP $ 160 million) *U*) restructuring) (PP of (NP its bank debt)))))))) .)) (TOP (S (NP-SBJ-1 The write-off) (VP will (VP be (VP reported (NP *-1) (PP-CLR as (NP an extraordinary item)) (PP-LOC in (NP (NP the company 's) 1989 operating results))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP the effective interest rate) (PP on (NP (NP the (QP $ 410 million) *U*) (PP of (NP (NP total remaining bank debt) (PP-TMP after (NP the restructuring))))))) (VP is (NP-PRD 10.66 %)) .)) (TOP (S (NP-SBJ-1 (NP The combined effect) (PP of (NP these changes))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP save (NP the company) (NP (NP (QP about $ 4 million) *U*) (PP in (NP interest expenses))) (NP-TMP next year) , (PRN or (NP (NP six cents) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ Shoney 's) (VP said (SBAR 0 (S (NP-SBJ the latest restructuring) (VP affected (NP (NP bank indebtedness) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP was (VP incurred (NP *-3) (S-PRP (NP-SBJ *) (VP to (VP finance (NP (NP (QP $ 585 million) *U*) (PP of (NP (NP (NP the company 's) (ADJP (QP $ 728 million) *U*) recapitalization) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP took (NP-CLR place) (X (PP-TMP in)))))))))))))))))))))) (TOP (S (NP-SBJ The company) (VP has (VP made (NP (NP payments) (PP of (NP (QP $ 175 million) *U*)) (PP against (NP (NP (NP the original (QP $ 585 million) *U*) (PP of (NP bank debt))) (VP incurred (NP *) (PP in (NP (NP connection) (PP with (NP the recapitalization)))))))))) .)) (TOP (S (NP-SBJ These payments) (VP consisted (PP-CLR of (NP (NP (NP (QP $ 54 million) *U*) (PP in (NP scheduled payments))) and (NP (NP (QP $ 121 million) *U*) (PP in (NP (NP prepayments) , (VP funded (NP *) (PP by (NP-LGS (NP (QP $ 82.8 million) *U*) (PP from (NP (NP operating cash flow) , (NP zero-coupon subordinated debt) and (NP assets sales)))))))))))) .)) (TOP (S (NP-SBJ ABB Asea Brown Boveri B.V.) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP (NP a contract) (PP for (NP (NP the largest-ever power plant order) (PP-LOC in (NP the Netherlands))))))))) .)) (TOP (S (NP-SBJ ABB) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the contract) , (VP signed (NP *) (PP with (NP the Dutch utility N.V . Energieproduktiebedrijf UNA))) ,) (VP is (VP valued (NP *-1) (PP-CLR in (NP (NP excess) (PP of (NP (QP $ 200 million) *U*))))))))) .)) (TOP (S (NP-SBJ The accord) (VP is (PP-PRD for (NP (NP a turbogenerator plant) (PP-LOC at (NP (NP the coal-fired power station Hemweg) (PP-LOC in (NP Amsterdam))))))) .)) (TOP (S (NP-SBJ ABB Asea Brown Boveri) (VP is (NP-PRD (NP the Dutch unit) (PP of (NP the Swedish-Swiss electrical engineering group ABB Asea Brown Boveri AG)))) .)) (TOP (S (NP-SBJ-2 ABB) (VP said (SBAR 0 (S (NP-SBJ-1 (NP a significant portion) (PP of (NP the order))) (VP will (VP be (VP placed (NP *-1) (PP-CLR with (NP Dutch subcontractors))))))) , (S-ADV (NP-SBJ *-2) (VP adding (SBAR that (S (NP-SBJ-3 a group) (VP has (VP been (VP set (PRT up) (NP *-3) (PP-PRP for (NP this purpose)))))))))) .)) (TOP (S (NP-SBJ The Dutch utility firm) (VP serves (NP the Amsterdam and Utrecht areas)) .)) (TOP (S (NP-SBJ-1 The planned turbogenerator plant) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP go (PP-CLR into (NP operation)) (PP-TMP in (NP 1994))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ Nissan Motor Co.) (VP expects (S (NP-SBJ net income) (VP to (VP reach (NP (NP (QP 120 billion) yen) (PRN -LRB- (NP U.S. (QP $ 857 million) *U*) -RRB-)) (PP-TMP in (NP its current fiscal year)) , (ADVP up (PP from (NP (QP 114.6 billion) yen) (PP-TMP in (NP the previous year))))))))) , (NP-SBJ (NP Yutaka Kume) , (NP president) ,) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Mr. Kume) (VP made (NP (NP the earnings projection) (PP for (NP (NP fiscal 1990) , (VP ending (NP-TMP next March 31))))) , (PP-LOC in (NP (NP an interview) (PP with (NP (NP U.S. automotive writers) (VP attending (NP the Tokyo Motor Show))))))) .)) (TOP (S (NP-SBJ The executive) (VP said (SBAR that (S (NP-SBJ the anticipated earnings increase) (VP is (ADJP-PRD fairly modest) (UCP-PRP (SBAR because (S (NP-SBJ-1 Nissan) (VP is (VP spending (ADVP-MNR heavily) (S-PRP (NP-SBJ *-1) (VP to (VP bolster (NP (NP its dealership network) (PP-LOC in (NP Japan)))))))))) and (PP because of (NP currency-exchange fluctuations))))))) .)) (TOP (S-1 (PP-TMP During (NP the next decade)) (PRN , (NP-SBJ Mr. Kume) (VP said (SBAR 0 (S *T*-1))) ,) (NP-SBJ-2 Nissan) (VP plans (S (NP-SBJ *-2) (VP to (VP boost (NP overseas vehicle production) (ADVP-MNR sufficiently (S (NP-SBJ *) (VP to (VP account (PP-CLR for (NP (NP a majority) (PP of (NP (NP sales) (PP-LOC outside (NP Japan)))))))))))))) .)) (TOP (S-1 (NP-TMP Last year) (PRN , (S (NP-SBJ Mr. Kume) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ Nissan) (VP (VP exported (NP (QP slightly over one million) vehicles)) , and (VP produced (NP 570,000 cars and trucks) (PP-LOC at (NP (NP its factories) (PP-LOC in (NP (NP North America) , (NP Europe) and (NP Australia))))))) .)) (TOP (S-1 But (PP-TMP by (NP 1992)) (PRN , (S (NP-SBJ he) (VP added (SBAR 0 (S *T*-1)))) ,) (NP-SBJ Nissan) (VP will (VP build (NP (NP (QP one million) vehicles) (NP-ADV a year)) (PP-LOC outside (NP Japan)) , (PRN or (ADJP sufficient (S (NP-SBJ *) (VP to (VP equal (NP exports)))))))) .)) (TOP (S-4 `` (PP-TMP By (NP (NP the end) (PP of (NP the 1990s)))) (PRN , '' (S (NP-SBJ he) (VP said (S *T*-4))) ,) `` (NP-SBJ-2 we) (VP want (S (NP-SBJ *-2) (VP to (VP be (VP producing (NP (NP (QP roughly two) vehicles) (PP *ICH*-3)) (ADVP-LOC overseas) (PP-3 for (NP (NP every vehicle) (SBAR (WHNP-1 that) (S (NP-SBJ we) (VP export (NP *T*-1) (PP-CLR from (NP Japan)))))))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ That) (VP will (VP involve (NP (NP a substantial increase) (PP in (NP overseas manufacturing capacity)))))) , (NP-SBJ he) (VP (VP acknowledged (SBAR 0 (S *T*-1))) , but (VP did n't (VP provide (NP specific details)))) .)) (TOP (S (NP-SBJ National Intergroup Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP a charge) (PP of (NP (QP $ 5.3 million) *U*)) (VP related (NP *) (PP-CLR to (NP (NP the sale) (PP of (NP (NP its aluminum unit 's) extrusion division))))) (PP for (NP the third quarter)))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP the extrusion division) (PP-CLR for (NP (QP $ 15 million) *U*)) (PP-DTV to (NP (NP R.D. Werner Co.) , (NP (NP a (ADJP closely held) firm) (VP based (NP *) (PP-LOC-CLR in (NP (NP Greenville) , (NP Pa))))))))))))))) .)) (TOP (S (NP-SBJ-1 The charge) (VP is (VP offset (NP *-1) (PP by (NP-LGS (NP an after-tax gain) (PP of (NP (QP about $ 30 million) *U*)) (PP-TMP in (NP the quarter)) (PP from (NP the (ADJP previously announced) pact (S (NP-SBJ *) (VP to (VP sell (NP (NP National Aluminum 's) rolling division)))))))))) .)) (TOP (S (NP-SBJ National Intergroup) (PP-TMP in (NP the year-ago third quarter)) (VP earned (NP (NP (QP $ 22.5 million) *U*) , or (NP (NP 97 cents) (NP-ADV a share)) , (PP including (NP (NP a gain) (PP of (NP (QP $ 18 million) *U*)) (PP from (NP (NP the sale) (PP of (NP a steel tube company)))))))) .)) (TOP (S (NP-SBJ Revenue) (VP was (NP-PRD (QP $ 778.6 million) *U*)) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP continues (S (NP-SBJ *-1) (VP to (VP explore (NP (NP all options) (PP concerning (NP (NP the possible sale) (PP of (NP (NP (NP National Aluminum 's) (ADJP 54.5 %) stake) (PP in (NP (NP an aluminum smelter) (PP-LOC in (NP (NP Hawesville) , (NP Ky))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The sale) (PP of (NP the extrusion division))) (VP is (ADJP-PRD subject (PP to (NP (NP audit adjustments) (PP for (NP working capital changes))))) (PP-TMP through (NP the closing))) .)) (TOP (S (NP-SBJ The agreement) (ADVP also) (VP provides (PP-CLR for (NP (NP potential payments) (PP of (NP additional proceeds)) (PP to (NP National Aluminum)) (PP-TMP over (NP the next two years)) , (PP depending (PP on (NP (NP the plant 's) shipping levels)))))) .)) (TOP (S (NP-SBJ The extrusion unit) (VP produces (NP (ADJP bare and painted) custom extrusions) (PP for (NP (NP building products) and (NP construction industries)))) .)) (TOP (S (PP-TMP In (NP fiscal 1989)) , (NP-SBJ it) (VP had (NP (NP (NP sales) (PP of (NP (QP about $ 40 million) *U*))) and (NP (NP an operating loss) (PP of (NP (QP $ 1.5 million) *U*))))) .)) (TOP (S (NP-SBJ The municipal bond market) (VP is (VP bracing (PP-CLR for (NP (NP tough times) (PP-TMP through (NP (NP the end) (PP of (NP the year)))))) (SBAR-ADV as (S (S (NP-SBJ-1 it) (VP struggles (S (NP-SBJ *-1) (VP to (VP absorb (NP (NP an oversupply) (PP of (NP bonds)))))))) and (S (NP-SBJ (NP two) (PP of (NP its best customers))) (VP turn (PP-CLR into (NP sellers)))))))) .)) (TOP (S (NP-SBJ (NP (NP Commercial banks) and (NP property/casualty insurers)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP together) (VP own (NP (NP (QP about 36) %) (PP of (NP all municipal bonds)))))) ,) (VP have (VP been (VP dumping (NP their securities) (PP-TMP for (NP weeks))))) .)) (TOP (S-1 (NP-TMP Last week) (PRN , (S (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ there) (VP were (NP-PRD three institutional sellers) (PP for (NP every buyer))) .)) (TOP (S `` (S-TPC-1 (NP-TMP Every day) (NP-SBJ we) (VP 're (VP getting (NP new bid lists) '' (PP-CLR from (NP would-be sellers))))) , (NP-SBJ one trader) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (NP-SBJ-1 Most dealers) (VP can not (VP continue (S (NP-SBJ *-1) (VP to (VP absorb (NP this supply)))))) . '')) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ (NP yields) (PP on (NP long-term muni bonds))) (ADVP-TMP now) (VP stand (PP-LOC at (NP (NP (NP (QP about 95) %) (PP of (NP long-term Treasury yields))) , (NP (NP the highest such level) (PP-TMP in (NP (QP more than two) years)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP is (NP-PRD (NP incredible negative psychology) (VP building (PP-LOC in (NP the market)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Donna Avedisian) , (NP (NP a vice president) (PP-LOC at (NP Merrill Lynch & Co)))) .)) (TOP (S `` (NP-SBJ People) (VP are (ADJP-PRD very concerned (PP about (SBAR-NOM (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP (VP step (ADVP-CLR up) (PP-DIR to (NP the plate))) and (VP buy (NP municipal bonds)) (PP in (NP (NP the absence) (PP of (NP institutional buyers)))))))))))))) . '')) (TOP (S (NP-SBJ (NP The yield) (PP on (NP (NP a group) (PP of (NP 25 revenue bonds)) (VP compiled (NP *) (PP by (NP-LGS (NP the Bond Buyer) , (NP a trade publication) ,)))))) (ADVP-TMP now) (VP exceeds (NP 7.50 %)) .)) (TOP (S (PP-LOC At (NP (NP this week 's) New York City bond sale)) , (NP-SBJ traders) (VP expect (S (NP-SBJ (NP yields) (PP on (NP the 20-year New York bonds))) (VP to (VP (ADVP-MNR nearly) match (NP (NP the (ADJP 7.9 %) yield) (PP on (NP 30-year Treasury bonds))))))) .)) (TOP (S (PP For (NP (NP an investor) (PP-LOC in (NP the (ADJP 28 %) federal tax bracket)))) , (NP-SBJ (NP 7.9 %) (ADJP tax-free)) (VP is (NP-PRD (NP the same) (PP as (NP (NP 10.38 %) (PP on (NP a taxable investment)))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP a taxable-equivalent yield) (ADJP (ADJP (NP-ADV (QP nearly three) percentage points) more) (PP than (NP (NP the current yield) (PP on (NP 30-year Treasury bonds))))))) .)) (TOP (SBAR (WHADVP-1 How quickly) (S (NP-SBJ things) (VP change (ADVP-MNR *T*-1))) .)) (TOP (S (NP-TMP This past summer) , (NP-SBJ (NP (NP investors ') appetite) (PP for (NP municipal bonds))) (VP seemed (ADJP-PRD insatiable)) .)) (TOP (S (NP-SBJ-1 (NP Individuals) (ADJP eager (PP for (NP tax-free income)))) (VP drove (PRT up) (NP bond prices) , (S-ADV (NP-SBJ *-1) (VP making (S (NP-SBJ (UCP state and local) government debt) (NP-PRD (NP one) (PP of (NP (NP the best-performing types) (PP of (NP fixed-income investments)) (PP-TMP during (NP the period))))))))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ analysts) (VP say (SBAR that (S (NP-SBJ municipal bonds) (ADVP-TMP still) (VP offer (NP good value))))))) , (NP-SBJ you) (VP would n't (VP know (NP it) (PP-MNR by (NP (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 institutional investors) (VP are (VP rushing (S (NP-SBJ *-1) (VP to (VP dump (NP their holdings)))) (ADVP-MNR *T*-2))))))))) .)) (TOP (S (NP-SBJ Bond market analysts) (VP say (SBAR 0 (S (NP-SBJ-1 the institutional selling) (VP was (VP triggered (NP *-1) (PP by (NP-LGS several factors))))))) .)) (TOP (S (NP-SBJ (NP Big banks) (PP such as (NP (NP (NP Chemical Bank) and (NP Chase Manhattan)) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP have (VP been (VP taking (NP heavy charges) (S-PRP (NP-SBJ *-2) (VP to (VP expand (NP their Third World loan-loss reserves)))))))))))) , (VP are n't (VP looking (PP-CLR for (NP tax-exempt income)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP do n't (VP need (NP (NP the shelter) (PP of (NP tax-free bonds)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP a spokeswoman) (PP at (NP Chemical))) .)) (TOP (S-1 (PP-TMP In (NP recent weeks)) (PRN , (S (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ Chemical) (VP has (VP sold (NP (NP (QP more than $ 1 billion) *U*) (PP of (NP tax-free bonds))))) .)) (TOP (S (NP-SBJ The spokeswoman) (VP (VP confirmed (SBAR that (S (NP-SBJ the bank) (VP has (VP (ADVP-MNR significantly) reduced (NP its muni holdings)))))) , but (VP could n't (ADVP-TMP immediately) (VP confirm (NP the amount)))) .)) (TOP (S (NP-SBJ-1 Insurance companies) (VP are (VP rushing (S (NP-SBJ *-1) (VP to (VP sell (PP-TMP before (NP (NP the end) (PP of (NP the year)) , (SBAR (WHADVP-3 when) (S (NP-SBJ-2 (NP some) (PP of (NP their tax benefits)) (VP associated (NP *) (PP-CLR with (NP municipal bonds)))) (VP will (VP be (VP phased (PRT out) (NP *-2) (ADVP-TMP *T*-3))))))))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD speculation (SBAR that (S (NP-SBJ property/casualty firms) (VP will (VP sell (NP (ADJP even more) munis) (SBAR-TMP as (S (NP-SBJ-1 they) (VP scramble (S (NP-SBJ *-1) (VP to (VP raise (NP (NP cash) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP pay (NP (NP claims) (VP related (NP *) (PP-CLR to (NP (NP Hurricane Hugo) and (NP the Northern California earthquake))))) (ADVP *T*-2)))))))))))))))))) .)) (TOP (S (NP-SBJ Fundamental factors) (VP are (PP-PRD at (NP work)) (ADVP as well)) .)) (TOP (S (NP-SBJ Muni bond holders) (VP are (ADJP-PRD worried (PP about (NP (NP the impact) (PP of (NP a slowing economy)) (PP on (NP tax revenue)) , (PP-TMP at (NP (NP a time) (SBAR (WHADVP when) (S (NP-SBJ many (UCP state and local) governments) (ADVP-TMP already) (VP face (NP (NP budget deficits) and (NP huge spending needs))))))))))) .)) (TOP (S (NP-SBJ (NP The recent natural disasters) , and (NP (NP the need (S *ICH*-2)) (PP of (NP many other cities)) (S-2 (NP-SBJ *) (VP to (VP rebuild (NP crumbling infrastructure))))) ,) (VP suggests (SBAR that (S (NP-SBJ-1 (NP supply) (PP of (NP new issues))) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP rise (ADVP-MNR sharply)))) -- (SBAR-TMP even as (S (NP-SBJ demand) (VP tapers (ADVP-CLR off))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ There) (VP is (S-PRD (NP-SBJ (NP (ADVP just) so much) (SBAR *ICH*-4)) (VP going (ADVP-CLR on) (SBAR-4 that (S (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (ADJP-PRD difficult) (S-2 (NP-SBJ *) (VP to (VP pick (NP (NP (QP just one) factor) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (VP driving (NP the market)))))))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Ronald Ian Heller) , (NP (NP vice president) (PP-LOC at (NP (NP First Chicago Capital Markets Inc.) , (NP (NP a subsidiary) (PP of (NP First Chicago Corp))))))) .)) (TOP (S (NP-SBJ-1 (NP Some) (PP of (NP the recent selling))) (VP could (ADVP actually) (VP be (VP considered (S (NP-SBJ *-1) (NP-PRD a positive sign))))) .)) (TOP (S (NP-SBJ-1 Mutual funds) , (PP for (NP example)) , (VP are (VP said (S (NP-SBJ-2 *-1) (VP to (VP be (VP selling (NP existing municipal bonds) (S-PRP (NP-SBJ *-2) (VP to (VP raise (NP (NP cash) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP buy (NP new issues) (ADVP *T*-3))))))))))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ municipal bonds yields) (VP have (VP risen (PP-TMP at (NP (NP a time) (SBAR (WHADVP-1 when) (S (NP-SBJ interest rates) (ADVP generally) (VP have (VP fallen (ADVP-TMP *T*-1))))))))))) , (NP-SBJ some portfolio managers) (VP are (VP assuming (SBAR that (S (NP-SBJ (NP bonds) (VP bought (NP *) (ADVP-TMP now))) (VP will (VP appreciate (PP-CLR in (NP value)) (SBAR-TMP as (S (NP-SBJ the municipal bond market) (VP rebounds))))))))) .)) (TOP (S (NP-SBJ Ms. Avedisian) (VP believes (SBAR that (S (NP-SBJ the mutual funds) (VP are (VP selling (NP (NP muni bonds) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (NP a negative convexity)))) -- (NP (NP those) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP have (VP appreciated (PP-CLR in (NP price)) (ADVP-MNR slowly) (ADVP relative (PP to (NP (NP the decline) (PP-LOC in (NP interest rates)))))))))))))))) .)) (TOP (S-2 (NP-SBJ Such bonds) (PRN , (S (NP-SBJ she) (VP says (SBAR 0 (S *T*-2)))) ,) (VP are (NP-PRD (NP those) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (VP nearing (NP their call date))))))) .)) (TOP (S But (NP-SBJ traders) (VP said (SBAR 0 (S (NP-SBJ (NP the market 's) tone) (VP could (VP pick (ADVP-CLR up) (NP-TMP this week) (SBAR-ADV if (S (NP-SBJ (NP New York City 's) (ADJP (QP $ 787 million) *U*) bond offering) (VP goes (ADVP-MNR well))))))))) .)) (TOP (S (NP-SBJ The offering) (VP will (VP include (NP (NP (NP (QP $ 729 million) *U*) (PP of (NP 20-year tax-exempt bonds))) and (NP (NP (QP $ 57.8 million) *U*) (PP of (NP taxable bonds)))))) .)) (TOP (S (ADVP-TMP (NP (ADJP A few) weeks) ago) , (NP-SBJ New York) (VP sold (NP (NP (QP $ 750 million) *U*) (PP of (NP tax-exempts)))) .)) (TOP (S (NP-SBJ-1 New York City bonds) (VP have (VP been (VP beaten (NP *-1) (PRT down) (PP-TMP for (NP three straight weeks))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ some issues) (VP fell (NP-EXT (NP (QP nearly one) point) , or (NP (NP (QP close to $ 10) *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount))))) .)) (TOP (S (NP-SBJ-1 (NP The sell-off) (PP-LOC in (NP New York City bonds))) (VP was (VP triggered (NP *-1) (PP by (NP-LGS (NP (NP concerns) (PP about (NP (NP the city 's) financial health))) and (NP (NP political uncertainty) (PP in (NP (NP view) (PP of (NP the impending mayoral election))))))))) .)) (TOP (S (S (NP-SBJ (NP The city 's) economy) (VP is (VP growing (ADJP-PRD weaker)))) and (S (NP-SBJ expenditures) (VP are (VP rising (SBAR-TMP as (S (NP-SBJ tax revenue) (VP is (VP falling))))))) .)) (TOP (S `` (NP-SBJ The city) (VP has (VP issued (NP (NP (ADJP so much) supply) (SBAR *ICH*-1)) (ADVP-TMP recently) (SBAR-1 that (S (NP-SBJ some people) (VP are (VP getting (ADJP-PRD (NP-ADV a little) concerned))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 They) (VP 'd (VP like (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ some other names) (PP-PRD in (NP their portfolios))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Michael S. Appelbaum) , (NP (NP first vice president) (PP-LOC at (NP Shearson Lehman Hutton)))) .)) (TOP (S But (NP-SBJ he) (VP thinks (SBAR 0 (S (NP-SBJ investors) (VP may (VP be (VP overreacting (PP-CLR to (NP (NP the market 's) problems)))))))) .)) (TOP (S-1 (ADVP Overall) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ municipal prices) (VP (VP are `` (ADJP-PRD very cheap) '') and (VP represent (NP an `` excellent buying opportunity))) . '')) (TOP (NP-HLN (NP Friday 's) Market Activity)) (TOP (S (NP-SBJ Treasury bonds) (VP fell (ADVP-MNR sharply) (PP on (NP (NP confusion) (PP about (NP (NP (NP this week 's) Treasury debt auction) and (NP rumors (SBAR that (S (NP-SBJ a major Japanese investor) (VP was (VP unloading (NP (NP large amounts) (PP of (NP long-term bonds))))))))))))) .)) (TOP (S (NP-SBJ (NP The Treasury 's) benchmark 30-year bond) (VP ended (PP-CLR at (NP (NP a price) (PP of (NP (NP (QP 102 2)) , (ADVP down (NP (QP nearly 5) point) (PP from (NP-TMP Thursday)) (PRN , or (NP (NP (QP about $ 6.25) *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount)))))))))) .)) (TOP (S (NP-SBJ (NP The issue 's) yield) (VP rose (PP-DIR to (NP 7.93 %)) (PP-DIR from (NP 7.88 %))) .)) (TOP (S (NP-TMP Late Thursday) , (NP-SBJ the Treasury) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP (VP needed (S (NP-SBJ *-1) (VP to (VP raise (NP (QP $ 17 billion) *U*) (ADVP-TMP quickly))))) and (VP would (VP do (ADVP-MNR so) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP issuing (NP new securities) (NP-TMP this week)))))))))) .)) (TOP (S (NP-SBJ Credit market analysts) (VP expected (S (NP-SBJ the Treasury) (VP (VP to (VP cancel (NP (NP today 's) (ADJP three-month and six-month) sale))) and (VP to (VP sell (NP (NP (QP $ 17 billion) *U*) (PP of (NP cash management bills)))))))) .)) (TOP (S (ADVP Instead) , (S (NP-SBJ the Treasury) (VP (VP announced (SBAR 0 (S (NP-SBJ it) (VP would (VP sell (NP (NP (QP $ 2 billion) *U*) (PP of (NP 51-day cash management bills))) (NP-TMP today)))))) and (VP said (SBAR that (S (NP-SBJ (NP the weekly sale) (PP of (NP (NP (QP $ 15.6 billion) *U*) (PP of (NP (ADJP three-month and six-month) bills))))) (VP will (VP take (NP-CLR place) (NP-TMP today) , (SBAR-ADV as (FRAG (ADJP usual)))))))))) , but (S (NP-SBJ the sale) (VP will (VP settle (NP-TMP (NP tomorrow) (PP instead of (NP Thursday)))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-3) (VP moving (NP the settlement date) (ADVP-CLR ahead)))) , (NP-SBJ-3 the Treasury) (VP can (VP raise (NP money) (PP-LOC under (NP (NP the (ADJP (QP $ 2.87 trillion) *U*) debt ceiling) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (PP-PRD in (NP effect)) (PP-TMP through (NP (NP tomorrow) , (SBAR-TMP (WHPP-2 after (WHNP which)) (S (NP-SBJ it) (VP reverts (PP-CLR to (NP (QP $ 2.8 trillion) *U*)) (PP-TMP *T*-2))))))))))))) .)) (TOP (S (NP-SBJ-1 The market) (ADVP also) (VP was (VP hurt (NP *-1) (PP by (NP-LGS rumors (SBAR that (S (NP-SBJ (NP Nippon Kangyo Kakumaru) , (NP a Japanese brokerage firm) ,) (VP was (VP unloading (NP (NP some) (PP of (NP (NP the 30-year bonds) (SBAR (WHNP-2 0) (S (NP-SBJ it) (ADVP-TMP recently) (VP purchased (NP *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ One dealer) (VP said (SBAR 0 (S (NP-SBJ the talk) (VP was (SBAR-PRD that (S (NP-SBJ the firm) (VP sold (NP (NP (QP about $ 500 million) *U*) (PP of (NP bellwether 30-year bonds)))))))))) .)) (TOP (S (NP-SBJ-3 The firm) (VP is (VP thought (S (NP-SBJ *-3) (VP to (VP have (VP purchased (NP (NP (QP up to $ 3 billion) *U*) (PP of (NP 30-year bonds))) (PP-LOC in (NP a buying spree)) (PP-TMP on (NP (NP Wednesday) and (NP the previous Thursday))))))))) .)) (TOP (S (NP-SBJ Dealers) (VP say (SBAR 0 (S (NP-SBJ-4 the firm) (ADVP apparently) (VP has (VP wanted (S (NP-SBJ-2 *-4) (VP to (VP publicize (NP (NP its (NX (NX recent buying) and (NX subsequent selling))) (PP of (NP 30-year bonds))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP using (NP Cantor Fitzgerald Securities Corp.) (PP-CLR as (NP a broker))))))))))))) .)) (TOP (S (NP-SBJ Cantor) (VP provides (NP price quotes) (PP-CLR to (NP (NP Telerate Systems Inc.) , (NP a (ADJP widely used) electronic system)))) .)) (TOP (S (NP-SBJ (NP Nippon Kangyo 's) moves) (VP (VP puzzled (NP traders)) and (VP created (NP confusion) (PP-LOC among (NP (NP potential investors) , (SBAR (WHNP-5 (NP many) (WHPP of (WHNP whom))) (S (NP-SBJ-6 *T*-5) (VP decided (S (NP-SBJ *-6) (VP to (VP stay (ADVP-CLR out (PP of (NP the market))))))))))))) .)) (TOP (S (PP-PRP As (NP (NP a result) (PP of (NP its large-scale buying)))) , (NP-SBJ some analysts) (ADVP-TMP now) (VP say (SBAR that (S (NP-SBJ-1 (NP liquidity) , or (NP the ability (S (NP-SBJ *) (VP to (VP (ADVP-MNR easily) buy and sell)))) ,) (VP has (VP been (VP constrained (NP *-1) (PP-LOC in (NP the benchmark Treasury bond issue)))))))) .)) (TOP (PP-LOC In (NP other markets) :)) (TOP (S -- (NP-SBJ (NP The junk bonds) (PP of (NP RJR Nabisco Inc.))) (VP rallied (NP-TMP Friday) (PP on (NP news (SBAR that (S (NP-SBJ the company) (VP is (VP selling (NP its candy bar brands) (PP-CLR to (NP Nestle Foods Corp.)) (PP-CLR for (NP (QP $ 370 million) *U*))))))))) .)) (TOP (S (NP-SBJ (NP The sale price) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (PP-LOC-PRD above (NP Wall Street expectations))))) ,) (VP sent (NP many RJR securities) (ADVP-CLR up (PP by (NP one point)))) .)) (TOP (SINV `` (S-TPC-7 (NP-SBJ It) (VP shows (SBAR that (S (NP-SBJ there) (VP are (NP-PRD (NP buyers) (PP of (NP (NP high-quality assets) (PP at (NP high prices)))) (PP-LOC in (NP (NP today 's) market)))))))) , '' (VP said (S *T*-7)) (NP-SBJ (NP Robert Long) , (NP (NP (NP managing director) and (NP head)) (PP of (NP (NP the high-yield research department) (PP-LOC at (NP First Boston Corp)))))) .)) (TOP (S (NP-SBJ (NP Many) (PP of (NP (NP the RJR securities) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP been (VP trading (PP-LOC near (NP their 52-week lows)) (ADVP-TMP earlier (PP in (NP the session)))))))) ,))) (VP bounced (PRT back) (PP-TMP after (NP (NP the company 's) announcement (SBAR that (S (NP-SBJ-8 it) (VP agreed (S (NP-SBJ *-8) (VP to (VP sell (NP its Baby Ruth , Butterfinger and Pearson candy businesses) (PP-CLR to (NP (NP Nestle Foods) , (NP (NP a unit) (PP of (NP the Swiss-based food concern)))))))))))))) .)) (TOP (S (NP-SBJ (NP The sale) , (VP expected (S (NP-SBJ *) (VP to (VP close (PP-TMP before (NP (NP the end) (PP of (NP the year)))))))) ,) (ADVP also) (VP includes (NP (NP a manufacturing plant) (PP-LOC in (NP (NP Franklin Park) , (NP Ill))))) .)) (TOP (S (NP-SBJ (NP (NP RJR 's) subordinated discount debentures) (PP of (NP 2001)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP traded (ADVP-CLR (ADVP as low) (PP as (NP 45))) (NP-TMP Friday)))) ,) (VP finished (NP the day) (PP-CLR at (NP 46 7))) .)) (TOP (S (NP-SBJ Other RJR securities) (ADVP also) (VP closed (ADJP-CLR higher)) .)) (TOP (S (NP-SBJ-9 (NP (NP RJR Holdings Capital Corp. 's) (ADJP 14.7 %) convertible pay-in-kind securities) (VP maturing (PP-TMP in (NP 2009)))) (VP closed (ADVP-CLR (NP 1) higher) (PP-CLR at (NP 86 1)) (PP-TMP after (S-NOM (NP-SBJ *-9) (VP trading (ADVP-CLR (ADVP as low) (PP as (NP 85 1))))))) .)) (TOP (S (NP-SBJ Most other junk bond issues) (VP finished (ADVP-CLR (NP a quarter-point) lower) (PP on (NP rumors (SBAR that (S (NP-SBJ Campeau Corp.) (VP was (VP filing (PP-CLR for (NP (NP protection) (PP from (NP creditors)))) (PP-LOC under (NP (NP Chapter 11) (PP of (NP the Bankruptcy Code))))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP Campeau))) (VP called (S (NP-SBJ the rumors) `` (ADJP-PRD ridiculous))) . '')) (TOP (S (NP-SBJ Most investment-grade bonds) (VP fell (NP-EXT (QP 3 to 1) point)) .)) (TOP (S -- (NP-SBJ Mortgage securities) (VP (VP fell (NP-EXT (QP 7 to 8))) but (VP held (PRT up) (ADVP-MNR (ADVP better) (PP than (NP intermediate Treasurys))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ some defensive investors) (VP were (NP-PRD (NP buyers) (PP of (NP mortgages))) , (SBAR-ADV as (SINV (VP were (NP-PRD *?*)) (NP-SBJ (NP dealers) (VP seeking (NP (NP collateral) (PP for (NP (NP REMICs) (VP priced (NP *) (NP-TMP earlier last week))))))))))))) .)) (TOP (S (PP-LOC Among (NP major issues)) , (NP-SBJ (NP Government National Mortgage Association (ADJP 9 %) securities) (PP for (NP November delivery))) (VP ended (PP-CLR at (NP 98 12)) , (ADVP down (NP 8 point)) (PP for (NP (NP a yield) (PP of (NP (NP (QP about 9.35) %) (PP to (NP a 12-year average life assumption))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The premium) (SBAR (WHNP-1 0) (S (NP-SBJ the elderly) (VP pay (NP *T*-1) (PP-CLR for (NP (NP coverage) (PP of (NP (NP doctor 's) bills)))) (PP-LOC under (NP (NP Part B) (PP of (NP the Medicare health insurance plan)))))))) (VP will (VP rise (PP-DIR to (NP (NP $ 29 *U*) (NP-ADV a month))) (PP-TMP in (NP 1990)) (PP-DIR from (NP $ 27.90 *U*))))) , (NP-SBJ (NP the Department) (PP of (NP Health and Human Services))) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP a second Part B premium) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP cover (NP (NP the cost) (PP of (NP (NP the new program) (PP of (NP (NP insurance) (PP against (NP catastrophic illness)))))))))))) (VP will (VP rise (PP-DIR to (NP (NP $ 4.90 *U*) (NP-ADV a month))) (PP-DIR from (NP $ 4 *U*)) , (SBAR-ADV if (S (NP-SBJ Congress) (VP does n't (VP change (NP the program))))))) .)) (TOP (S (NP-SBJ-2 The House) (VP has (VP voted (S (NP-SBJ *-2) (VP to (VP repeal (NP (NP most) (PP of (NP (NP the Catastrophic Coverage Act) (PP of (NP 1988))))) , (ADVP however) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP end (NP (NP the monthly catastrophic-care premium) , (CONJP as well as) (NP (NP an unpopular income surtax) (VP paid (NP *) (PP by (NP-LGS (NP (QP about 40) %) (PP of (NP the wealthier Medicare beneficiaries)))))))))))))))) .)) (TOP (S (S (PP-LOC Under (NP a less-sweeping Senate plan)) , (NP-SBJ-2 the catastrophic-care monthly premium) (VP would (VP continue , (S-ADV (NP-SBJ *-2) (VP rising (PP-DIR to (NP $ 4.90 *U*) (NP-TMP next year))))))) , but (S (NP-SBJ-1 the surtax) (VP would (VP be (VP abolished (NP *-1))))) .)) (TOP (S (NP-SBJ Medicare Part B) (VP pays (NP (NP 80 %) (PP of (NP (NP a beneficiary 's) allowable (NP doctor 's) bills))) (PP-TMP after (NP (NP an annual deductible) (PP of (NP $ 75 *U*))))) .)) (TOP (S (NP-SBJ The Catastrophic Coverage Act) (VP would (VP add (NP (NP a stop-loss provision) (SBAR *ICH*-2)) (NP-TMP next year) (SBAR-2 (WHNP-1 0) (S (NP-SBJ *-1) (VP to (VP limit (NP (NP the maximum) (SBAR (WHNP-3 0) (S (NP-SBJ beneficiaries) (VP must (VP pay (NP *T*-3) (PP-CLR for (NP doctors))))))))))))) .)) (TOP (S (NP-SBJ (NP Both the House and Senate bills) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP reduce (NP (NP the cost and coverage) (PP of (NP the catastrophic-care plan)))))))) (VP would (VP eliminate (NP (NP the cap) (PP-LOC on (NP (NP doctor 's) bills))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the House) (VP prevails (PP-LOC in (NP its efforts (S (NP-SBJ *) (VP to (VP kill (NP the catastrophic-care plan))))))))) , (NP-SBJ the monthly Part B premium) (VP will (VP be (NP-PRD $ 29 *U*) (NP-TMP next year))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the Senate plan) (VP prevails))) , (NP-SBJ the premium) (VP will (VP be (NP-PRD $ 33.90 *U*) , (PP with (S-NOM (NP-SBJ-1 the additional $ 4.90 *U*) (VP going (S (NP-SBJ *-1) (VP to (VP pay (PP-CLR for (NP expanded hospital coverage)) (PP-LOC under (NP (NP Part A) (PP of (NP Medicare)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Most) (PP of (NP (NP Part A 's) costs))) (VP are (VP paid (NP *-1) (PP by (NP-LGS (NP a payroll tax) (PP on (NP workers and employers)))))) .)) (TOP (S (NP-SBJ Lockheed Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP trim (NP (NP its Aeronautical Systems work force) (PP-LOC in (NP California and Georgia))) (PP-EXT by (NP several hundred workers)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP the defense industry 's) decline)))))))) .)) (TOP (S (S (NP-SBJ The Lockheed unit) (VP has (NP 24,000 workers))) ; (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP make (NP the cuts) (PP-MNR through (NP (NP a combination) (PP of (NP furloughs , attrition and retirements))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ The reductions) (VP should (VP be (ADJP-PRD complete) (PP-TMP by (NP (NP the end) (PP of (NP the year))))))) , (NP-SBJ-4 a spokesman) (VP said (SBAR 0 (S *T*-3)) , (S-ADV (NP-SBJ *-4) (VP adding (SBAR that (S (NP-SBJ-1 (NP the exact number) (SBAR (WHNP-5 0) (S (NP-SBJ-2 *T*-5) (VP to (VP be (VP cut (NP *-2))))))) (VP has n't (VP been (VP determined (NP *-1))))))))) .)) (TOP (S (NP-SBJ Lockheed) (VP reported (NP (NP a (ADJP (QP $ 32 million) *U*) third-quarter net loss) , (PP-PRP (ADVP largely) because of (NP (NP cost overruns) (PP-LOC on (NP fixed-price military contracts)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Noting (SBAR that (S (NP-SBJ other defense contractors) (VP are (VP complaining (PP-CLR of (NP (NP losses) (PP-LOC on (NP such contracts)))))))))) , (NP-SBJ-1 analysts) (VP say (SBAR 0 (S (NP-SBJ taxpayers) (VP have (VP been (VP getting (NP (NP illusionary bargains) (PP-LOC on (NP weapons systems))) (PP-TMP in (NP recent years)))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 Defense contractors) `` (VP can not (VP continue (S (NP-SBJ *-1) (VP to (VP get (NP contracts) (PP on (NP that basis)))))))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Howard Rubel) , (NP (NP an analyst) (PP with (NP (NP C.J. Lawrence , Morgan Grenfell Inc.) (PP-LOC in (NP New York)))))) .)) (TOP (S `` (NP-SBJ The pain) (VP is (ADJP-PRD too great)) .)) (TOP (S (NP-SBJ (NP Jim Pattison Industries Ltd.) , (NP (NP one) (PP of (NP (NP a group) (PP of (NP (NP (ADJP closely held) companies) (VP owned (NP *) (PP by (NP-LGS entrepreneur James Pattison)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) `` (VP intends (S (NP-SBJ *-1) (VP to (VP seek (NP (NP control) '' (PP of (NP (NP 30%-owned Innopac Inc.) , (NP a Toronto packaging concern))))))))))) .)) (TOP (S (S (NP-SBJ (NP Jim Pattison Industries) , (NP (NP a holding company) (PP with (NP (NP annual sales) (PP of (NP (QP about C$ 1.9 billion) *U*)) , (PP (ADVP largely) from (NP (NP car dealerships) and (NP grocery stores)))))) ,) (VP did n't (VP elaborate (PP-CLR on (NP the statement))))) , and (S (NP-SBJ a company official) (VP declined (NP further comment))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP-TMP currently) (VP holds (NP (NP (QP about 4.2 million)) (PP of (NP (NP (NP Innopac 's) (QP 13.8 million) common shares) (ADJP outstanding) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (NP (NP an aggregate market value) (PP of (NP (NP (QP about 137.8 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 117.3 million) *U*) -RRB-)))))))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ Innopac) (VP reported (NP (NP a fourth-quarter loss) (PP of (NP (NP (QP about C$ 2.6 million) *U*) , or (NP (NP 18 Canadian cents) (NP-ADV a share))))) , (S-ADV (NP-SBJ *) (VP reflecting (NP inventory write-downs)))) .)) (TOP (S (NP-SBJ The results) (VP made (S (NP-SBJ (NP net income) (PP for (NP (NP the year) (VP ended (NP-TMP Aug. 31))))) (NP-PRD (NP (QP C$ 2.7 million) *U*) , or (NP (NP 20 Canadian cents) (NP-ADV a share)) , (ADVP down (PP from (NP (NP (QP C$ 9.7 million) *U*) , or (NP (NP 70 Canadian cents) (NP-ADV a share))) (NP-TMP last year)))))) .)) (TOP (S (NP-SBJ Revenue) (VP was (NP-PRD (NP (QP C$ 291.6 million) *U*) , (ADVP up (PP from (NP (QP C$ 252 million) *U*) (PP-TMP in (NP 1988)))))) .)) (TOP (S (NP-SBJ (NP Martin Fabi) , (NP (NP Innopac 's) (NX (NX president) and (NX chief executive))) ,) (VP said (SBAR 0 (S (NP-SBJ Innopac) (VP viewed (NP (NP Mr. Pattison 's) decision (S (NP-SBJ *) (VP to (VP seek (NP control))))) (PP-CLR as (NP a `` (ADJP very positive) '' move)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 'm (ADJP-PRD happy (SBAR that (S (NP-SBJ he) (VP feels (ADVP-MNR positively) (PP about (NP our company)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Fabi) (VP would n't (VP say (ADVP-MNR directly) (SBAR whether (S (NP-SBJ Mr. Pattison) (VP has (VP disclosed (NP (NP potential terms) (PP for (NP (NP his planned bid) (PP for (NP control))))))))))) .)) (TOP (S (PP-LOC Among (NP other things)) , (NP-SBJ-1 Innopac) (VP is (VP involved (NP-4 *-1) (PP-CLR in (S-NOM (NP-SBJ *-4) (VP recycling (NP (NP polystyrene foam products) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP are (ADVP-TMP often) (VP used (NP *-3) (PP by (NP-LGS (NP fast food chains) , (PP such as (NP (NP McDonald 's) Corp.)))) , (PP-CLR for (NP food packaging)))))))))))) .)) (TOP (S (NP-SBJ (NP A joint venture) (VP involving (NP (NP units) (PP of (NP (NP Innopac) and (NP Mobil Corp.)))))) (NP-TMP earlier this year) (VP opened (NP the first U.S. polystyrene recycling plant) , (PP-LOC in (NP (NP Leominster) , (NP Mass)))) .)) (TOP (S (S (NP-SBJ-1 PROGRAM TRADING) (VP is (VP being (VP curbed (NP *-1) (PP by (NP-LGS more securities firms)))))) , but (S (NP-SBJ-2 big institutional investors) (VP are (VP expected (S (NP-SBJ-3 *-2) (VP to (VP continue (NP the practice) , (S-ADV (NP-SBJ *-3) (ADVP further) (VP roiling (NP the stock market))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Bowing (PP-CLR to (NP criticism)))) , (NP-SBJ-1 (NP Bear Stearns) , (NP Morgan Stanley) and (NP Oppenheimer)) (VP joined (NP PaineWebber) (PP in (S-NOM (NP-SBJ *) (VP suspending (NP (NP stock-index arbitrage trading) (PP for (NP their own accounts))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ-1 stock-index funds) (VP are (VP expected (S (NP-SBJ-2 *-1) (VP to (VP continue (S (NP-SBJ *-2) (VP launching (NP big programs) (PP-MNR through (NP the market))))))))) .)) (TOP (S (NP-SBJ-1 Several Big Board firms) (VP are (VP organizing (S-PRP (NP-SBJ *-1) (VP to (VP complain (PP-CLR about (NP (NP program trading) and (NP (NP (NP the exchange 's) role) (PP-LOC in (NP it)))))))))) .)) (TOP (S (NP-SBJ-1 The effort) (VP is (VP being (VP led (NP *-1) (PP by (NP-LGS Contel))))) .)) (TOP (S (NP-SBJ Personal spending) (VP rose (NP-EXT (NP 0.2 %) (NP *ICH*-1)) (PP-TMP in (NP September)) , (NP-1 (NP the smallest gain) (PP-TMP in (NP a year)))) .)) (TOP (S (NP-SBJ The slowdown) (VP raises (NP (NP questions) (PP about (NP (NP the economy 's) strength))) (SBAR-PRP because (S (NP-SBJ spending) (VP fueled (NP (NP much) (PP of (NP the third-quarter GNP growth))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ personal income) (VP edged (ADVP-CLR up (NP 0.3 %))) .)) (TOP (S (S-TPC-1 (NP-SBJ Factory owners) (VP are (VP buying (NP new machinery) (PP at (NP a healthy rate)) (NP-TMP this fall)))) , (NP-SBJ machine-tool makers) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ weak car sales) (VP raise (NP (NP questions) (PP about (NP (NP future demand) (PP from (NP the auto sector)))))) .)) (TOP (S (NP-SBJ (NP Southern 's) Gulf Power unit) (VP may (VP plead (ADJP-CLR guilty) (NP-TMP this week) (PP-CLR to (NP charges (SBAR 0 (S (NP-SBJ it) (VP (ADVP-MNR illegally) steered (NP company money) (PP-DIR to (NP politicians)) (PP-MNR through (NP third parties))))))))) .)) (TOP (S (NP-SBJ The tentative pact) (VP would (VP resolve (NP (NP part) (PP of (NP (NP a broad investigation) (PP of (NP the Atlanta-based company)) (PP-TMP in (NP the past year))))))) .)) (TOP (S (NP-SBJ-1 (NP LIN Broadcasting) and (NP BellSouth)) (VP sweetened (NP their plan (S (NP-SBJ *) (VP to (VP merge (NP cellular phone operations))))) , (S-ADV (NP-SBJ *-1) (VP offering (NP LIN holders) (NP a special (ADJP $ 42-a-share *U*) payout)))) .)) (TOP (S But (NP-SBJ-1 the new pact) (VP will (VP (VP force (NP huge debt) (PP-CLR on (NP the new firm))) and (VP could (ADVP-TMP still) (VP fail (S (NP-SBJ *-1) (VP to (VP thwart (NP rival suitor McCaw Cellular)))))))) .)) (TOP (S (NP-SBJ Unisys) (VP posted (NP a (ADJP (QP $ 648.2 million) *U*) loss) (PP for (NP the third quarter)) (SBAR-TMP as (S (NP-SBJ-1 it) (VP moved (ADVP-MNR quickly) (S (NP-SBJ *-1) (VP to (VP (VP take (NP write-offs) (PP for (NP various problems))) and (VP prepare (PP-CLR for (NP a turnaround)))))))))) .)) (TOP (S But (NP-SBJ some analysts) (VP wonder (SBAR (WHADJP-1 how strong) (S (NP-SBJ the recovery) (VP will (VP be (ADJP-PRD *T*-1)))))) .)) (TOP (S (NP-SBJ-1 RJR Nabisco) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP three candy businesses) (PP-DTV to (NP Nestle)) (PP-CLR for (NP (QP $ 370 million) *U*)))))) .)) (TOP (S (NP-SBJ The accord) (VP (VP helps (S (NP-SBJ RJR) (VP pay (PRT off) (NP debt)))) and (VP boosts (NP (NP (NP Nestle 's) (ADJP 7 %) share) (PP of (NP the U.S. candy market))) (PP-CLR to (NP 12 %)))) .)) (TOP (S (NP-SBJ-1 GM and Ford) (VP are (VP expected (S (NP-SBJ-2 *-1) (VP to (VP go (ADVP-CLR head to head) (PP-LOC in (NP the markets)) (S-PRP (NP-SBJ *-2) (VP to (VP buy (PRT up) (NP (NP rival (ADJP 15 %) stakes) (PP in (NP Jaguar))))))))))) .)) (TOP (S (NP-SBJ GM) (VP confirmed (SBAR 0 (S (NP-SBJ it) (VP received (NP U.S. antitrust clearance (S (NP-SBJ *) (VP to (VP boost (NP its holding))))))))) .)) (TOP (S (NP-SBJ-1 Sansui Electric) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP a (ADJP 51 %) stake) (PP-CLR to (NP (NP Polly Peck) (PP of (NP Britain)))) (PP-CLR for (NP (QP $ 110 million) *U*)))))) .)) (TOP (S (ADVP Still) , (NP-SBJ analysts) (VP said (SBAR 0 (S (NP-SBJ the accord) (VP does n't (VP suggest (SBAR 0 (S (NP-SBJ Japan) (VP is (VP opening (ADVP-CLR up) (PP-CLR to (NP more foreign takeovers))))))))))) .)) (TOP (S (NP-SBJ-2 Kellogg) (VP suspended (NP (NP work) (PP on (NP a (ADJP (QP $ 1 billion) *U*) cereal plant))) , (S-ADV (NP-SBJ *-2) (VP indicating (NP (NP a pessimistic outlook) (PP by (NP (NP the cereal maker) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (VP losing (NP market share)))))))))))) .)) (TOP (S (NP-SBJ Insurers) (VP could (VP see (NP (NP claims) (VP totaling (NP (NP (QP nearly $ 1 billion) *U*) (ADJP *ICH*-2))) (PP from (NP the San Francisco earthquake)) , (ADJP-2 (ADJP far less) (PP than (NP (NP the (QP $ 4 billion) *U*) (PP from (NP Hurricane Hugo)))))))) .)) (TOP (S (NP-SBJ-1 Nashua) (VP strengthened (NP its poison-pill plan) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP announcing (SBAR 0 (S (NP-SBJ-2 a Dutch firm) (VP is (VP seeking (S (NP-SBJ *-2) (VP to (VP buy (NP (NP (QP up to 25) %) (PP of (NP the New Hampshire copier company)))))))))))))) .)) (TOP (S (NP-SBJ Mobil) (VP is (VP cutting (PRT back) (NP its U.S. oil and gas exploration and production group) (PP-CLR by (NP (QP up to 15) %)) (PP as (NP (NP part) (PP of (NP (NP a restructuring) (PP of (NP the business)))))))) .)) (TOP (NP-HLN Markets --)) (TOP (NP (NP Stocks) : (S (NP-SBJ Volume) (NP-PRD 170,330,000 shares)) .)) (TOP (S (S (NP-SBJ Dow Jones industrials) (NP-PRD (NP 2596.72) , (ADVP off (NP 17.01)))) ; (S (NP-SBJ transportation) (NP-PRD (NP 1190.43) , (ADVP off (NP 14.76)))) ; (S (NP-SBJ utilities) (NP-PRD (NP 215.86) , (ADVP up (NP 0.19)))) .)) (TOP (NP (NP Bonds) : (S (NP-SBJ Shearson Lehman Hutton Treasury index) (NP-PRD (NP 3406.31) , (ADVP off))))) (TOP (NP (NP Commodities) : (S (S (NP-SBJ Dow Jones futures index) (NP-PRD (NP 129.49) , (ADVP up (NP 0.27)))) ; (S (NP-SBJ spot index) (NP-PRD (NP 130.80) , (ADVP off (NP 0.24))))) .)) (TOP (S (NP-SBJ Dollar) : (NP-PRD (NP (NP 141.65) yen , (ADVP off (NP 0.45))) ; (NP (NP 1.8300 marks) , (ADVP off (NP 0.0100)))) .)) (TOP (S -LRB- (PP-TMP During (NP its centennial year)) , (NP-SBJ The Wall Street Journal) (VP will (VP report (NP (NP events) (PP of (NP the past century)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stand (PP-CLR as (NP (NP milestones) (PP of (NP American business history)))))))))) . -RRB-)) (TOP (S (NP-SBJ-1 Thomas Jefferson) (VP sold (NP Congress) (PP on (NP (NP the idea) (PP of (NP (NP the decimal system) (PP for (NP currency)))))) , (S-ADV (ADVP thus) (NP-SBJ *-1) (VP saving (NP Americans) (NP (NP the headaches) (PP of (NP pounds , shillings and pence)))))) .)) (TOP (S But (NP-SBJ he) (VP struck (PRT out) (PP with (NP (NP the decimal system) (PP of (NP metric weights and measures)) (SBAR (WHNP-1 0) (S (NP-SBJ the French) (VP had (VP invented (NP *T*-1)))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ Congress) (VP opted (PP-CLR for (NP (NP the inches , feet and yards) (SBAR (WHNP-1 0) (S (NP-SBJ the colonists) (VP had (VP brought (NP *T*-1) (PP-CLR with (NP them))))))))) .)) (TOP (S (S (NP-SBJ Americans) (VP did n't (VP dislike (NP metrics)))) ; (S (NP-SBJ they) (ADVP simply) (VP ignored (NP them))) .)) (TOP (S (NP-SBJ Scientists) (VP felt (ADVP-MNR differently)) .)) (TOP (S (PP-TMP In (NP 1807)) , (NP-SBJ (NP the Swiss mathematician) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP headed (NP the (UCP U.S. Coast and Geodetic) Survey))))) (VP made (S (NP-SBJ (NP an `` iron meter '') (SBAR (WHNP-2 that) (S (NP-SBJ he) (VP had (VP brought (NP *T*-2) (PP-CLR from (NP Europe))))))) (NP-PRD (NP the standard) (PP of (NP measure))))) .)) (TOP (S (PP-TMP By (NP (NP the end) (PP of (NP the century)))) (NP-SBJ scientists) (VP had (VP embraced (NP the system))) .)) (TOP (S (NP-SBJ Businessmen) (VP took (NP their cue) (PP-CLR from (NP the engineers))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Congress) (ADVP-TMP finally) (VP passed (NP the Metric Conversion Act) (PP-TMP in (NP 1975)) (ADVP-TMP *T*-1)))) , (NP-SBJ industry) (VP was (ADVP-PRD far ahead)) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ the law) (VP made (S (NP-SBJ compliance) (ADJP-PRD voluntary))))) , (NP-SBJ it) (VP inspired (NP (NP little more) (PP than (NP jokes)))) .)) (TOP (S -LRB- (NP-SBJ The press) (VP had (NP a field day) (PP-CLR with (NP (NP questions) (PP about (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP would (VP happen (PP-CLR to (NP `` six-footer , '' `` yardstick '' and `` inchworm)))))))))) . '' -RRB-)) (TOP (S (NP-TMP Today) , (SBAR-ADV though (S (NP-SBJ the public) (VP is (ADJP-PRD barely aware)))) , (NP-SBJ (NP (NP much) (PP of (NP U.S. industry))) , (ADVP particularly) (NP (NP companies) (VP manufacturing or selling (ADVP-LOC overseas))) ,) (VP have (VP made (S (NP-SBJ metrics) (ADJP-PRD routine)))) .)) (TOP (S (NP-SBJ General Motors) , (PP for (NP example)) , (VP uses (NP metric terms) (PP-CLR for (NP its (NX (NX automobile bodies) and (NX power trains))))) .)) (TOP (S -LRB- (PP-LOC In (NP auto advertising)) , (ADVP however) , (NP-SBJ-1 (NP items) (PP such as (NP wheelbases))) (VP are (ADVP-TMP still) (VP described (NP *-1) (PP-MNR in (NP inches)))) . -RRB-)) (TOP (S (NP-SBJ (NP Farm-machine makers) (PP such as (NP Caterpillar and Deere))) (VP work (PP-MNR in (NP the metric system))) .)) (TOP (S (NP-SBJ The liquor industry) (VP went (ADJP-PRD metric) (ADVP-TMP (NP 10 years) ago)) .)) (TOP (S (NP-SBJ The Pentagon) (VP has (VP led (NP the charge) , (SBAR-TMP (ADVP particularly) as (S (NP-SBJ military alliances) (VP spread (ADVP-LOC-CLR world-wide)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ New weapons systems) (VP will (VP be (ADVP-PRD around) (PP-TMP until (NP the next century))))) , (VP notes (SBAR 0 (S *T*-1))) (NP-SBJ (NP John Tascher) , (NP (NP the Defense Department 's) metric coordinator)) .)) (TOP (S (ADVP Still) , (PP like (NP the auto makers)) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ *-1) (VP dealing (PP-CLR with (NP Mr. Everyman)) (ADVP-TMP *T*-2)))) (NP-SBJ-1 the Pentagon) (VP sticks (PP-CLR to (NP the (ADJP tried and true)))) .)) (TOP (S (NP-SBJ-1 Soldiers and sailors) (VP are (ADVP-TMP still) (VP measured (NP *-1) (PP-MNR in (NP inches and pounds)))) .)) (TOP (S (NP-SBJ (NP Whittle Communications L.P.) , (SBAR (WHNP-1 which) (S (PP-TMP for (NP months)) (NP-SBJ *T*-1) (VP has (VP fought (NP (NP a public relations battle) (PP with (NP education leaders))))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP signed (S (NP-SBJ (NP 500 schools) (PP-LOC in (NP 24 states))) (VP to (VP subscribe (PP-CLR to (NP (NP the controversial Channel One news program) and (NP its sister programs))))))))))) .)) (TOP (S (NP-SBJ (NP Channel One) , (NP (NP a satellite-delivered daily program) (VP supported (NP *) (PP by (NP-LGS advertising)))) ,) (VP is (VP scheduled (S (NP-SBJ-1 *) (VP to (VP be (VP launched (NP *-1) (NP-TMP next March))))))) .)) (TOP (S (S (NP-SBJ Whittle) (VP said (SBAR 0 (S (NP-SBJ its field staff) (VP signed (PRT up) (NP (NP the 500 schools) (PP-LOC in (NP 238 school districts))) (PP-TMP after (NP (QP only eight) weeks))))))) and (S (NP-SBJ-1 company executives) (ADVP-TMP now) (VP expect (S (NP-SBJ *-1) (VP to (VP reach (NP (NP their start-up goal) (PP of (NP 1,000 schools))) (PP-TMP before (NP (NP the end) (PP of (NP this year))))))))) .)) (TOP (S (NP-SBJ (NP Christopher Whittle) , (NP (NP chairman) (PP of (NP (NP the (NAC-LOC Knoxville , Tenn. ,) media company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD (NP-ADV 50 %) owned (PP by (NP Time Warner Inc.))))))))) ,) (VP said (SBAR that (S (PP-TMP by (NP December 1990)) (NP-SBJ-3 he) (VP expects (S (NP-SBJ *-3) (VP to (VP have (S (NP-SBJ-4 Channel One) (VP installed (NP *-4) (PP-LOC in (NP (NP (QP about 8,000) schools) (PP with (NP (NP a potential audience) (PP of (NP six million))))))))))))))) .)) (TOP (S (NP-SBJ (NP Installation) (PP of (NP the TV system)) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP includes (S (NP-SBJ *-2) (VP providing (NP free 19-inch TV sets) (PP-LOC in (NP classrooms))))))) ,) (VP begins (PP-TMP in (NP January))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-NOM-SBJ (WHNP-2 What) (S (NP-SBJ we) (VP 've (VP done (NP *T*-2) (PP-TMP in (NP eight weeks)))))) (VP shows (SBAR 0 (S (NP-SBJ we) (VP wo n't (VP have (NP (NP enormous difficulties) (S-NOM (NP-SBJ *) (VP getting (PP-DIR to (NP (NP the place) (SBAR (WHADVP-3 0) (S (NP-SBJ-4 we) (VP want (S (NP-SBJ *-4) (VP to (VP be (ADVP-LOC-PRD *T*-3)))))))))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Whittle) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ his sales force) (VP is (VP signing (PRT up) (NP schools) (PP at (NP (NP the rate) (PP of (NP (NP 25) (NP-ADV a day)))))))))) .)) (TOP (S (PP-LOC In (NP (NP California) and (NP New York))) , (NP-SBJ state officials) (VP have (VP opposed (NP Channel One))) .)) (TOP (S (NP-SBJ Mr. Whittle) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (ADJP private and parochial) schools) (PP-LOC in (NP both states))) (VP will (VP be (VP canvassed (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP see (SBAR if (S (NP-SBJ-2 they) (VP are (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *-2) (VP getting (NP the programs))))))))))))))))) .)) (TOP (S (NP-SBJ Subscribing schools) (VP get (NP (NP the 12-minute daily Channel One news program) , (SBAR (WHNP-1 (WHNP whose four 30-second TV ads) (PP-TMP during (NP each show))) (S (NP-SBJ *T*-1) (VP have (VP drawn (NP protests) (PP-CLR from (NP educators)))))))) .)) (TOP (S (NP-SBJ Subscribers) (ADVP also) (VP get (NP (NP the Classroom Channel) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP feature (NP (NP (NP ad-free educational programming) (ADJP similar (PP to (NP some public-TV shows)))) , and (NP (NP (NP the Educator 's) Channel) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP (VP will (VP offer (NP (NP instructional programming) (PP for (NP (NP teachers) and (NP school administrators)))))) and (VP will (VP be (VP supported (NP *-3) (PP by (NP-LGS advertising)))))))))))))))) .)) (TOP (S (NP-SBJ Whittle) (VP has (VP met (NP some resistance))) .)) (TOP (S (S (NP-SBJ-1 (NP The Educational Network) , (SBAR as (S (NP-SBJ Mr. Whittle) (VP has (VP named (NP the three programs))))) ,) (VP has (VP been (VP offered (NP *-1) (PP-CLR to (NP 1,290 school districts)))))) and (S (NP-SBJ-2 Whittle) (VP continues (S (NP-SBJ *-2) (VP to (VP negotiate (PP-CLR with (NP 919 districts))))))) .)) (TOP (S (NP-SBJ (NP (QP About 10) %) (PP of (NP the school districts)) (VP approached (NP *))) (VP have (VP rejected (NP the network))) .)) (TOP (S (NP-SBJ Mr. Whittle) (VP said (SBAR that (S (ADVP-TMP so far) , (NP-SBJ (NP three) (PP of (NP (NP the six schools) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP carried (NP the program) (PP-LOC in (NP (NP a five-week test) (NP-TMP last spring))))))))) (VP have (VP subscribed (PP-CLR to (NP the program))))))) .)) (TOP (S (NP-SBJ (NP (NP One) (PP of (NP the test schools))) , (NP (NP Withrow High School) (PP-LOC in (NP Cincinnati))) ,) (VP rejected (NP the project)) .)) (TOP (S (NP-SBJ (NP John Bruner) , (NP (NP associate director) (PP of (NP communications)) (PP for (NP Cincinnati Public Schools))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 Channel One) (VP was (VP rejected (NP *-1) (SBAR-PRP because (S (S (NP-SBJ (NP students) (VP watching (NP the program))) (VP did n't (VP fare (ADVP-MNR (ADVP particularly better) (PP *ICH*-3)) (PP-LOC on (NP a 28-question current events quiz)) (PP-3 than (NP (NP a control school) (PP without (NP the program))))))) and (S (NP-SBJ school absences) (VP were (ADJP-PRD almost unchanged) (PP-TMP during (NP (NP the period) (SBAR (WHADVP-4 when) (S (NP-SBJ-2 the program) (VP was (VP being (VP aired (NP *-2) (ADVP-TMP *T*-4))))))))))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ (NP The number) (PP of (NP correct responses))) (VP was (NP-PRD 45 %) (PP-LOC on (NP the test)))) and (S (NP-SBJ school absences) (VP did n't (VP change (ADVP-MNR much))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Bruner) .)) (TOP (S `` (S (NP-SBJ-1 The pilot program) (VP was (VP received (NP *-1) (ADVP-MNR well) (PRN -LRB- (PP by (NP-LGS teachers and students)) -RRB-)))) , but (S (NP-SBJ there) (VP was n't (NP-PRD (NP reason) (ADJP enough (S (NP-SBJ *) (VP to (VP sign (PRT up)))))))) .)) (TOP (S (S (NP-SBJ We) (ADVP even) (VP invited (NP-1 the public) (S (NP-SBJ *-1) (VP to (VP (VP stop (ADVP-CLR by)) and (VP see (NP the program))))))) , but (S (NP-SBJ there) (VP was n't (NP-PRD much interest))) . '')) (TOP (S (NP-SBJ Advertisers) (VP are (VP showing (NP interest))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ Whittle) (VP announced (SBAR 0 (S (NP-SBJ it) (VP had (VP sold (NP (NP (QP $ 150 million) *U*) (PP in (NP advertising time))) (PP-LOC on (NP the network)) (PP-CLR to (NP national advertisers))))))) .)) (TOP (S (NP-SBJ Mr. Whittle) (NP-TMP Friday) (VP said (SBAR 0 (S (NP-SBJ-1 (ADVP several more) advertisers) (VP have (VP been (VP added (NP *-1))))))) .)) (TOP (S (NP-SBJ-1 Whittle) (VP is (VP spending (NP (QP $ 150 million) *U*) (ADVP-TMP initially) (S-PRP (NP-SBJ *-1) (VP to (VP launch (NP the network)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Installation) (PP of (NP (NP satellite dishes) , (NP TVs) and (NP videocassette equipment)))) (VP will (VP cost (NP the company) (NP (NP (QP about $ 20,000) *U*) (PP per (NP school)))))) , (NP-SBJ Mr. Whittle) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 The following (UCP U.S. Treasury , corporate and municipal) offerings) (VP are (VP (ADVP-MNR tentatively) scheduled (NP *-1) (PP-CLR for (NP (NP sale) (NP-TMP this week))) , (PP according (PP to (NP Dow Jones Capital Markets Report))))) :)) (TOP (NP (NP (QP $ 15.6 billion) *U*) (PP of (NP (ADJP three-month and six-month) bills)) .)) (TOP (NP (NP (QP $ 2 billion) *U*) (PP of (NP 51-day cash management bills)) .)) (TOP (NP (NP Associated Natural Gas Corp.) -- (NP (NP (QP 1.4 million) common shares) , (PP via (NP Dillon Read & Co))) .)) (TOP (NP (NP B & H Crude Carriers Ltd.) -- (NP (NP (QP Four million) common shares) , (PP via (NP Salomon Brothers Inc))) .)) (TOP (NP (NP Chemical Banking Corp.) -- (NP (NP (QP 14 million) common shares) , (PP via (NP Goldman , Sachs & Co))) .)) (TOP (NP (NP Chemex Pharmaceuticals Inc.) -- (NP (NP (QP 1.2 million) units) (VP consisting (PP-CLR of (NP (NP (NP two shares) (PP of (NP common stock))) and (NP one common warrant) , (PP via (NP PaineWebber Inc)))))) .)) (TOP (NP (NP Comcast Corp.) -- (NP (NP (ADJP (QP $ 150 million) *U*) convertible debentures) , (PP via (NP Merrill Lynch Capital Markets))) .)) (TOP (NP (NP Energy Service Co.) -- (NP (NP (QP 9.5 million) common shares) , (PP via (NP Alex))) .)) (TOP (NP Brown & Sons Inc .)) (TOP (NP (NP Harmonia Bancorp Inc.) -- (NP (NP 4,750,000 common shares) , (PP via (NP Shearson Lehman Hutton Inc))) .)) (TOP (NP (NP Healthsource Inc.) -- (NP (NP (QP Two million) common shares) , (PP via (NP Kidder , Peabody & Co))) .)) (TOP (NP (NP Immune Response Corp.) -- (NP (NP (QP Three million) common shares) , (PP via (NP Merrill Lynch))) .)) (TOP (NP (NP Marsam Pharmaceuticals Inc.) -- (NP (NP (QP 1.3 million) common shares) , (PP via (NP Smith Barney Harris Upham & Co))) .)) (TOP (NP (NP (NP Potash Corp.) (PP of (NP Saskatchewan Inc.))) -- (NP (NP (QP 13 million) common shares) , (PP via (NP Merrill Lynch))) .)) (TOP (FRAG-HLN Municipal)) (TOP (NP (NP New Jersey Wastewater Treatment Trust) -- (NP (NP $ 75,075,000 *U*) (PP of (NP various bonds)) , (PP including (NP (NP (NP (ADJP (QP $ 40.86 million) *U*) Wastewater Treatment insured bonds) , (NP Series 1989A)) , and (NP (NP (ADJP (QP $ 34,215,000) *U*) Wastewater Treatment bonds) , (NP Series 1989B)) , (PP via (NP competitive bid))))) .)) (TOP (NP (NP (NP Eastern Municipal Water District) , (NP-LOC Calif.)) -- (NP (NP (NP $ 56,565,000 *U*) (PP of (NP (NP 1989 certificates) (PP of (NP participation))))) (PRN -LRB- (NP treatment plant projects) -RRB-) , (PP via (NP competitive bid))) .)) (TOP (NP (NP California Health Facilities Financing Authority) -- (NP (NP (NP (QP $ 114 million) *U*) (PP of (NP health facility revenue bonds))) (PRN -LRB- (NP Catholic Healthcare West) -RRB-) , (NP Series 1989A) , (PP via (NP a First Boston Corp. group))) .)) (TOP (NP (NP Detroit) -- (NP (NP (QP $ 130 million) *U*) (PP of (NP distributable state aid bonds)) , (PP via (NP a Chemical Securities Inc. group))) .)) (TOP (NP (NP (NP Maryland Community Development Administration) , (NP (NP Department) (PP of (NP Housing and Community Development)))) -- (NP (NP (NP (QP $ 80 million) *U*) (PP of (NP single-family program bonds))) , (NP 1989 (ADJP 4th and 5th) Series) , (PP via (NP a Merrill Lynch group))) .)) (TOP (NP (NP (NP Matagorda County Navigation District No. 1) , (NP-LOC Texas)) -- (NP (NP (NP $ 70,315,000 *U*) (PP of (NP pollution control revenue Alternative Minimum Tax (PRN -LRB- AMT -RRB-) bonds))) (PRN -LRB- (NP (NP South Texas Project Units) (ADJP No. 1 and 2)) -RRB-) , (PP via (NP a Goldman Sachs group))) .)) (TOP (NP (NP New York City) -- (NP (NP (NP $ 786,860,000 *U*) (PP of (NP bonds))) , (NP Fiscal 1990 Series C and D) , (PP including (NP (NP (ADJP (QP $ 729.04 million) *U*) tax-exempt bonds) and (NP (ADJP (QP $ 57.82 million) *U*) taxable bonds))) , (PP via (NP a Goldman Sachs group))) .)) (TOP (NP (NP Santa Ana Redevelopment Agency) -- (NP (NP (NP (QP $ 107 million) *U*) (PP of (NP tax allocation bonds))) , (NP (NP 1989) (NP Series A-D)) , (PP via (NP a Donaldson Lufkin & Jenrette Securities Corp. group))) .)) (TOP (NP (NP (NP Pending Shelby County) , (NP-LOC Tenn.)) -- (NP (NP (NP (QP $ 80 million) *U*) (PP of (NP refunding bonds))) , (NP Series 1989) , (PP via (NP a First Tennessee Bank group))) .)) (TOP (S (NP-SBJ Hewlett-Packard Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP raised (NP (NP its stake) (PP-LOC in (NP Octel Communications Corp.))) (PP-CLR to (NP (NP 8.5 %) (PP of (NP (NP the common shares) (ADJP outstanding))))))))) .)) (TOP (S (PP-LOC In (NP a Securities and Exchange Commission filing)) , (NP-SBJ Hewlett-Packard) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP-TMP now) (VP holds (NP (NP 1,384,119 Octel common shares) , (PP including (NP (NP 100,000 shares) (VP bought (NP *) (PP-TMP (PP from (NP Aug. 26)) (PP to (NP Oct. 20))) (PP-CLR for (NP (NP (QP $ 23.31 to $ 24.25) *U*) (NP-ADV a share))))))))))) .)) (TOP (S (NP-SBJ (NP Hewlett-Packard) , (NP a (NAC-LOC Palo Alto , Calif. ,) computer company) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP acquired (NP the stock) `` (S-PRP (NP-SBJ *-1) (VP to (VP develop and maintain (NP (NP a strategic partnership) (SBAR (WHPP-4 in (WHNP which)) (S (NP-SBJ-2 each company) (VP remains (ADJP-PRD independent) (SBAR-ADV while (S (NP-SBJ-3 *-2) (VP working (ADVP-MNR together) (S-CLR (NP-SBJ *-3) (VP to (VP market and sell (NP their products))))))) (PP-LOC *T*-4)))))))))))) . '')) (TOP (S (NP-SBJ Octel) (VP said (SBAR 0 (S (NP-SBJ-1 the purchase) (VP was (VP expected (NP *-1)))))) .)) (TOP (S (NP-SBJ Hewlett-Packard) (VP affirmed (SBAR 0 (S (NP-SBJ-1 it) (VP does n't (VP plan (S (NP-SBJ *-1) (VP to (VP obtain (NP (NP control) (PP of (NP (NP Octel) , (NP (NP a (NAC-LOC Milpitas , Calif. ,) maker) (PP of (NP voice-processing systems)))))))))))))) .)) (TOP (S (PP According (PP to (NP the filing))) , (NP-SBJ Hewlett-Packard) (VP acquired (NP 730,070 common shares) (PP-CLR from (NP Octel)) (PP-PRP as (NP (NP a result) (PP of (NP an (NAC-TMP Aug. 10 , 1988 ,) stock purchase agreement))))) .)) (TOP (S (NP-SBJ That accord) (ADVP also) (VP called (SBAR for (S (NP-SBJ Hewlett-Packard) (VP to (VP buy (NP 730,070 Octel shares) (PP-LOC in (NP the open market)) (PP-TMP within (NP 18 months))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Hewlett-Packard) (VP acquired (NP a two-year option (S (NP-SBJ *) (VP to (VP buy (NP (NP an extra 10 %) , (SBAR (WHPP-2 of (WHNP which)) (S (NP-SBJ-1 (NP half) (PP *T*-2)) (VP may (VP be (VP sold (NP *-1) (ADVP-MNR directly) (PP-DTV to (NP Hewlett-Packard)) (PP by (NP-LGS Octel))))))))))))) .)) (TOP (SINV (ADJP-PRD-TPC-1 Following) (VP is (ADJP-PRD *T*-1)) (NP-SBJ (NP a weekly listing) (PP of (NP (NP unadited net asset values) (PP of (NP (NP (ADJP publicly traded) investment fund shares) , (VP reported (NP *) (PP by (NP-LGS the companies)) (PP-TMP as (PP of (NP (NP Friday 's) close))))))))) .)) (TOP (SINV (ADVP Also) (VP-TPC-2 shown (NP *-1)) (VP is (VP *T*-2)) (NP-SBJ-1 (NP (NP the closing listed market price) or (NP a dealer-to-dealer asked price)) (PP of (NP (NP each fund 's) shares)) , (PP with (NP (NP the percentage) (PP of (NP difference))))) .)) (TOP (NP-HLN Closed End Bond Funds)) (TOP (NP-HLN Flexible Portfolio Funds)) (TOP (NP-HLN Specialized Equity and Convertible Funds)) (TOP (X (X a) - (NP Ex-dividend) .)) (TOP (X (X b) - (PP-TMP As (PP of (NP (NP Thursday 's) close))) .)) (TOP (X (X c) - (VP Translated (NP *) (PP-CLR at (NP Commercial Rand exchange rate))) .)) (TOP (X (X e) - (PP In (NP Canadian dollars)) .)) (TOP (X (X f) - (PP-TMP As (PP of (NP (NP Wednesday 's) close))) .)) (TOP (X (X z) - (ADJP Not available) .)) (TOP (INTJ Wham ! Bam !)) (TOP (S (ADVP-TMP Twice) (PP-TMP in (NP two weeks)) (NP-SBJ (NP the unraveling) (PP of (NP the on-again , off-again UAL buy-out))) (VP slammed (NP the stock market)) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ-1 stock prices) (VP seem (S (NP-SBJ *-1) (VP to (VP be (PP-PRD in (NP a general retreat)))))) .)) (TOP (S (PP-TMP Since (S-NOM (NP-SBJ *-1) (VP peaking (PP-CLR at (NP 2791.41)) (PP-TMP on (NP Oct. 9))))) , (NP-SBJ-1 the Dow Jones Industrial Average) (VP has (VP lost (NP (NP 194.69 points) , or (NP 7 %)) , (S-ADV (NP-SBJ *-1) (VP closing (NP-TMP Friday) (PP-CLR at (NP 2596.72)) , (ADVP down (NP-ADV 17.01)))))) .)) (TOP (S (NP-SBJ (NP The number) (PP of (NP (NP issues) (VP falling (PP-LOC on (NP the New York Stock Exchange)) (NP-TMP each day))))) (VP is (VP eclipsing (NP (NP the number) (PP of (NP gainers))))) .)) (TOP (S And (NP-SBJ (NP the number) (PP of (NP (NP stocks) (VP hitting (NP new lows))))) (VP (ADVP-MNR far) outstrips (NP (NP the number) (VP setting (NP new highs)))) .)) (TOP (SBARQ But (WHADVP-1 why) (SQ should (NP-SBJ an iffy (ADJP (QP $ 6.79 billion) *U*) leveraged buy-out deal) (VP shake (NP (NP the foundations) (PP of (NP the entire stock market))) (ADVP-PRP *T*-1))) ?)) (TOP (S (S (NP-SBJ (NP Opinions) (PP *ICH*-3)) (VP vary (PP-3 about (SBAR (WHADJP-1 how important (PP *PPA*-2)) (S (NP-SBJ the UAL deal) (VP was (ADJP-PRD *T*-1) (PP-2 to (NP (NP the market 's) health)))))))) , but (S (NP-SBJ analysts) (ADVP generally) (VP agree (SBAR that (S (NP-SBJ (NP the market gyrations) (VP created (NP *) (SBAR-TMP as (S (NP-SBJ the UAL plan) (VP crumbled))))) (VP revealed (NP (NP a fundamental change) (PP-LOC in (NP investor psychology)))))))) .)) (TOP (SINV `` (S-TPC-4 (SBAR-ADV If (S (NP-SBJ this) (VP had (VP happened (ADVP-TMP (NP a few months) ago) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the atmosphere) (VP was (ADVP-TMP still) (ADJP-PRD very positive) (ADVP-TMP *T*-3)))))))) (NP-SBJ-1 it) (VP would n't (VP have (VP been (VP greeted (NP *-1) (PP-CLR with (NP (NP anything) (PP like (NP (NP the impact) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP has (VP had (NP *T*-2) (PP-TMP over (NP the past two weeks))))))))))))))) , '' (VP says (S *T*-4)) (NP-SBJ (NP Dennis Jarrett) , (NP (NP a market strategist) (PP-LOC at (NP Kidder Peabody)))) .)) (TOP (S (NP-SBJ There) (VP are , (PP of (NP course)) , (NP-PRD (NP analysts) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP view (NP (NP the near-panic) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (ADVP-TMP briefly) (VP swept (PP-CLR through (NP investors)) (PP-TMP (PP on (NP Oct. 13)) and (ADVP again) (PP on (NP Oct. 24))))))) (PP-CLR as (NP (NP momentary lapses) (PP of (NP good judgment)) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP have (ADVP-TMP only temporarily) (VP undermined (NP a healthy stock market)))))))))))) .)) (TOP (S (S-TPC-2 (S (INTJ Sure) , (S (NP-SBJ price action) (VP is (ADJP-PRD volatile))) and (S (NP-SBJ that) (VP 's (ADJP-PRD scary)))) , but (S (ADVP all-in-all) (NP-SBJ stocks) (VP are (ADVP-TMP still) (NP-PRD (NP a good place) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP be (ADVP-LOC-PRD *T*-3))))))))) , (NP-SBJ they) (VP suggest (SBAR 0 (S *T*-2))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The reaction) (PP to (NP the UAL debacle))) `` (VP is (ADJP-PRD mindless))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP John Connolly) , (NP (NP chief market strategist) (PP-LOC at (NP Dean Witter)))) .)) (TOP (S `` (NP-SBJ UAL) (VP is (NP-PRD a small deal) (ADVP (ADVP as far) (SBAR as (S (NP-SBJ-1 the overall market) (VP is (VP concerned (NP *-1))))))) .)) (TOP (S (NP-SBJ (NP The only way) (SBAR (WHADVP-2 0) (S (NP-SBJ you) (VP can (VP make (S (NP-SBJ it) (NP-PRD a big deal)) (ADVP-MNR *T*-2)))))) (VP is (S-PRD (NP-SBJ *) (VP to (VP draw (NP (NP linkages) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP just) (VP do n't (VP make (NP sense)))))))))) . '')) (TOP (S (NP-SBJ He) (VP suggests , (PP for (NP example)) , (SBAR that (S (NP-SBJ investors) (VP may (VP have (VP assumed (SBAR that (S (SBAR-PRP (ADVP just) because (S (NP-SBJ UAL) (VP could n't (VP get (NP financing))))) , (NP-SBJ no leveraged buy-outs) (VP can (VP get (NP financing))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-4) (VP Carried (NP *-2) (ADVP-CLR even further))) , (NP-SBJ-4 some investors) (VP assumed (SBAR that (S (SBAR-PRP since (S (NP-SBJ leveraged buy-outs) (VP are (NP-PRD (NP the only thing) (VP propping (PRT up) (NP stock prices)))))) , (NP-SBJ the market) (VP would (VP collapse (SBAR-ADV if (S (NP-SBJ-1 no more LBOs) (VP could (VP be (VP done (NP *-1))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP will (ADVP-TMP still) (VP be (NP-PRD deals)))) , '' (VP argues (S *T*-1)) (NP-SBJ Mr. Connolly) .)) (TOP (S `` (S (NP-SBJ There) (VP may not (VP be (ADJP-PRD as many)))) and (S (NP-SBJ the buyers) (VP may not (VP get (ADVP-CLR away) (PP-CLR with (NP (NP some) (PP of (NP (NP the things) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP 've (VP done (NP *T*-1) (PP-TMP in (NP the past))))))))))))) , but (S (NP-SBJ deals) (VP wo n't (VP disappear))) . '')) (TOP (S (NP-SBJ He) (VP forecasts (SBAR that (S (NP-SBJ (NP the emphasis) (PP in (NP mergers and acquisitions))) (VP may (ADVP-TMP soon) (VP return (PP-DIR to (SBAR-NOM (WHNP-1 what) (S (NP-SBJ he) (VP calls (S (NP-SBJ *T*-1) (NP-PRD `` (NP strategic deals) , (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ-2 somebody) (VP is (VP taking (PRT over) (NP a company) (UCP-PRP not (S (NP-SBJ *-2) (VP to (VP milk (NP the cash flow)))) , but (SBAR because (S (NP-SBJ it) (VP 's (NP-PRD a good fit))))) (PP-LOC *T*-3)))))))))))))))) . '')) (TOP (S And (PP (ADVP even) without (NP deals)) , (NP-SBJ Mr. Connolly) (VP figures (SBAR 0 (S (NP-SBJ the market) (VP would (VP remain (ADJP-PRD healthy)))))) .)) (TOP (S (NP-SBJ He) (VP notes , (PP for (NP instance)) , (SBAR that (S (S (NP-SBJ there) (VP has n't (VP been (NP-PRD a merger or acquisition) (PP-LOC among (NP (NP the 30 stocks) (PP-LOC in (NP the Dow Jones Industrial Average)))) (PP-TMP since (NP 1986))))) , yet (S (NP-SBJ that average) (ADVP-TMP (NP (QP only three) weeks) ago) (VP hit (NP a record high)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Those stocks) (VP are (ADVP-PRD up) (SBAR-PRP because (S (S (NP-SBJ their earnings) (VP are (ADVP-PRD up))) and (S (NP-SBJ their dividends) (VP are (ADVP-PRD up))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Even the volatility) (VP created (NP *) (PP by (NP-LGS (NP stock index arbitrage) and (NP other computer-driven trading strategies))))) (VP is n't (ADJP-PRD entirely bad) , (PP-LOC in (NP (NP Mr. Connolly 's) view))) .)) (TOP (S (PP For (NP (NP the long-term investor) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP picks (NP stocks) (ADVP-MNR carefully)))))) , (NP-SBJ the price volatility) (VP can (VP provide (NP welcome buying opportunities) (SBAR-TMP as (S (NP-SBJ-2 short-term players) (VP scramble (ADVP-MNR frantically) (S (NP-SBJ *-2) (VP to (VP sell (NP stocks) (PP-TMP in (NP (NP a matter) (PP of (NP minutes)))))))))))) .)) (TOP (S `` (SBARQ-TPC-6 (WHNP-2 (WHNP Who) (NP *ICH*-1)) (SQ can (NP-SBJ *T*-2) (VP make (NP the better decision) , (NP-1 (NP (NP the guy) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP has (NP (NP 10 seconds) (SBAR (WHADVP-5 0) (S (NP-SBJ *) (VP to (VP decide (SBAR (WHNP-4 what) (S (NP-SBJ *) (VP to (VP do (NP *T*-4))))) (ADVP-TMP *T*-5)))))))))) or (NP (NP the guy) (PP with (NP (NP all the time) (PP-LOC in (NP the world)))))))) ?) '' (NP-SBJ he) (VP says (SBARQ *T*-6)) .)) (TOP (SBARQ `` (WHNP-1 (WHNP What) (PP-LOC on (NP earth))) (SQ does (NP-SBJ-2 the UAL deal) (VP have (S (NP-SBJ *-2) (VP to (VP do (NP *T*-1) (PP-CLR with (NP (NP the price) (PP of (NP (NP Walmart) , (SBAR (WHNP-4 which) (S (NP-SBJ-3 I) (VP was (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP buy (NP *T*-4) (PP-TMP on (NP Oct. 16)) (PP-CLR at (NP a (ADJP very attractive) price)))))))))))))))))) ? '')) (TOP (S (NP-SBJ (NP Kidder Peabody 's) Mr. Jarrett) (ADVP also) (VP sees (NP (NP some benefits) (PP to (NP (NP the stock market 's) recent drop)))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ We) (VP 've (VP run (PP-DIR into (NP (NP a market) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP was (VP beginning (S (NP-SBJ *-2) (VP to (VP (VP run (ADVP-CLR out (PP of (NP steam)))) and (VP get (ADJP-PRD frothy)))))))))))))) , '' (NP-SBJ he) (VP says (S *T*-3)) .)) (TOP (S `` (NP-SBJ-2 The balloon) (VP had (VP been (VP blown (NP *-2) (PRT up) (S-CLR (NP-SBJ *-2) (ADJP-PRD (ADJP so big) (SBAR that (S (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ somebody) (VP came (ADVP-CLR along) (PP-MNR with (NP a pin)) (ADVP-TMP *T*-3) (PRN -- (FRAG (PP-LOC in (NP this case)) (NP the UAL deal)) --)))) (NP-SBJ we) (VP got (NP a little pop))))))))) . '')) (TOP (SINV (S-TPC-2 (NP-SBJ The pop) (VP sobered (PRT up) (NP (NP investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP been (VP getting (ADJP-PRD (NP-ADV a little) too ebullient))))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ Mr. Jarrett) .)) (TOP (S `` (NP-SBJ It) (VP provided (NP (NP an excuse) (SBAR (WHADVP-3 0) for (S (NP-SBJ people) (VP (VP to (VP get (ADVP-CLR back) (PP-DIR to (NP reality)))) and (VP to (VP look (PP-CLR at (NP (NP the economic data) , (NP (ADVP especially) the third-quarter economic numbers))))) , and (VP to (VP realize (SBAR that (S (NP-SBJ-1 we) (VP ca n't (VP continue (S (NP-SBJ *-1) (VP to (VP gloss (PRT over) (SBAR-NOM (WHNP-2 what) (S (NP-SBJ *T*-2) (VP is (VP going (PRT on) (PP-LOC in (NP the junk bond market))))))))))))))) (ADVP *T*-3)))))) . '')) (TOP (S But (NP-SBJ he) (VP figures (SBAR that (S (PP-LOC at (NP current levels)) (NP-SBJ-1 the stock market) (VP is (VP (ADVP-MNR comfortably) valued (NP *-1) , (PP (ADVP even) with (S-NOM (NP-SBJ the economy) (ADVP obviously) (VP slowing)))))))) .)) (TOP (S `` (S-TPC-1 (SBAR-SBJ (ADVP Just) because (S (NP-SBJ we) (VP 've (VP got (S (NP-SBJ some realism) (ADVP-PRD back (PP-LOC in (NP the market)))))))) (VP does n't (VP mean (SBAR 0 (S (NP-SBJ it) (VP 's (VP going (ADVP-CLR lower) (PP from (ADVP-LOC here))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ The bottom line) (VP is (SBAR-PRD that (S (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD healthy) (S-1 (NP-SBJ *) (VP to (VP have (NP (NP this kind) (PP of (NP sideways activity)))))) , (PP-TMP (ADVP especially) after (NP (NP a (ADJP 30 %) gain) (PP-LOC in (NP stock values)) (PP-TMP over (NP the past 12 months)))))))) . '')) (TOP (S (NP-SBJ He) (VP 's (ADVP-TMP now) (VP estimating (SBAR that (S (PP-TMP after (NP (NP a period) (PP of (NP consolidation)))) , (NP-SBJ the Dow Jones Industrial Average) (VP will (ADVP-TMP once again) (VP forge (NP new highs))))))) .)) (TOP (ADVP (ADVP Maybe) , (ADVP maybe not) .)) (TOP (S (NP-SBJ (NP Abby Joseph Cohen) , (NP (NP a market strategist) (PP-LOC at (NP Drexel Burnham Lambert))) ,) (VP is n't (ADJP-PRD nearly so sanguine (PP about (NP (NP (NP the market 's) chances) (PP of (S-NOM (NP-SBJ *) (VP surging (PP-DIR to (NP new highs)) (ADVP-TMP anytime soon)))))))) .)) (TOP (S (NP-SBJ Her view) (VP is (SBAR-PRD that (S (NP-SBJ stock prices) (VP have (NP (NP three major props) : (NP (NP merger and buy-out proposals) , (NP earnings) and (NP the economic outlook))))))) .)) (TOP (S (S-TPC-2 (PP-LOC At (NP (NP current levels) (PP of (NP (NP economic activity) and (NP earnings))))) , (NP-SBJ-1 stocks) (VP are (VP (ADVP-MNR fairly) valued (NP *-1)))) , (NP-SBJ she) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S But (S (NP-SBJ any chance (SBAR for (S (NP-SBJ prices) (VP to (VP surge (PP-DIR above (NP fair value))))))) (VP lies (PP-LOC-CLR in (NP (NP the speculation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP accompanies (NP a vigorous merger and buy-out business)))))))) , and (S (NP-SBJ UAL) (VP has (ADVP obviously) (VP put (NP a damper) (PP-PUT on (NP that))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ Stocks) (VP are n't (ADVP-PRD cheap) (ADVP-TMP anymore))) , (S (NP-SBJ there) (VP have (VP been (NP-PRD some (ADJP judicial and legislative) changes) (PP-LOC in (NP the merger area))))) and (S (NP-SBJ (NP all) (PP of (NP this))) (VP changes (NP (NP the arithmetic) (PP of (NP deals)))))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S `` (S (NP-SBJ I) (VP 'm not (VP saying (SBAR 0 (S (NP-SBJ they) (VP 've (VP stopped (ADVP-CLR altogether)))))))) , but (S (S (NP-SBJ-2 future deals) (VP are (VP going (S (NP-SBJ-1 *-2) (VP to (VP be (VP structured (NP *-1) (ADVP-MNR differently)))))))) and (S (NP-SBJ bids) (ADVP probably) (VP wo n't (VP be (ADJP-PRD as high))))) . '')) (TOP (S But (NP-SBJ that) (VP 's not (NP-PRD the only problem) (PP for (NP stocks))) .)) (TOP (S (NP-SBJ (NP The other two props) -- (NP (NP earnings) and (NP the economic outlook)) --) (VP are (ADJP-PRD troubling) , (ADVP too)) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ M&A) (VP is (VP getting (NP all the headlines) (ADVP-TMP right now)))) , but (S (NP-SBJ these other things) (VP have (VP been (VP building (PRT up) (ADVP-MNR more gradually)))))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S (S (NP-SBJ Third-quarter earnings) (VP have (VP been (ADVP generally) (ADJP-PRD disappointing)))) and (S (PP with (S-NOM (NP-SBJ economic data) (VP showing (NP a clear slowing)))) , (NP-SBJ (NP the outlook) (PP for (NP (NP earnings) (PP-TMP in (NP (NP the fourth quarter) and (NP (NP all) (PP of (NP 1990)))))))) (VP is (VP getting (ADJP-PRD worse)))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ There) (VP are (NP-PRD (ADJP (ADJP (ADVP (NP a lot) more) downward) (PP than (ADJP upward))) revisions))) and (S (NP-SBJ it) (VP looks (SBAR-CLR like (S (NP-SBJ people) (VP are (VP questioning (NP (NP corporate profits) (PP as (NP (NP a means) (PP of (NP (NP support) (PP for (NP stock prices)))))))))))))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (SQ (PP With (NP all this)) , can (NP-SBJ stock prices) (VP hold (NP their own)) ?)) (TOP (S `` (S-TPC-1 (NP-SBJ The question) (VP is (ADJP-PRD unanswerable) (PP-TMP at (NP this point)))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ It) (VP depends (PP-CLR on (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happens))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the economy) (VP slips (PP-DIR into (NP a recession))))) , (ADVP then) (NP-SBJ this) (VP is n't (NP-PRD (NP a level) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP 's (VP going (S (NP-SBJ *-2) (VP to (VP hold))))))))) . '')) (TOP (NP-HLN (NP Friday 's) Market Activity)) (TOP (S (NP-SBJ Stock prices) (VP tumbled (PP-TMP for (NP a third consecutive day)) (SBAR-TMP as (S (NP-SBJ-1 (NP earnings disappointments) , (NP a sluggish economy) and (NP a fragile junk bond market)) (VP continued (S (NP-SBJ *-1) (VP to (VP weigh (PP-CLR on (NP investors))))))))) .)) (TOP (S (NP-SBJ The Dow Jones Industrial Average) (VP fell (NP-EXT 17.01 points) (PP-DIR to (NP 2596.72)) (PP-LOC in (NP active trading))) .)) (TOP (S (NP-SBJ (NP Volume) (PP-LOC on (NP the New York Stock Exchange))) (VP totaled (NP 170,330,000 shares)) .)) (TOP (S (NP-SBJ (NP Declining issues) (PP-LOC on (NP the Big Board))) (VP were (ADVP-PRD far ahead (PP of (NP gainers))) , (ADVP 1,108 to 416)) .)) (TOP (S (PP-TMP For (NP the week)) (NP-SBJ the Dow Jones Industrial Average) (VP sank (NP-EXT (NP 92.42 points) , or (NP 3.4 %))) .)) (TOP (S (S (NP-SBJ Oil stocks) (VP escaped (NP (NP the brunt) (PP of (NP (NP Friday 's) selling))))) and (S (NP-SBJ-3 (NP several) (PP *ICH*-4)) (VP were (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP post (NP gains))))) , (PP-4 including (NP (NP Chevron) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP rose (NP-EXT 5) (PP-DIR to (NP 66 3)) (PP-LOC in (NP (NP Big Board composite trading) (PP of (NP (QP 2.4 million) shares))))))))))) .)) (TOP (S (NP-SBJ (NP The stock 's) advance) (VP reflected (NP ongoing speculation (SBAR that (S (NP-SBJ Pennzoil) (VP is (VP accumulating (NP (NP a stake) (PP-LOC in (NP the company))) , (PP according (PP to (NP Dow Jones Professional Investor Report))))))))) .)) (TOP (S (S (NP-SBJ-1 Both companies) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the rumors))))))) , but (S (NP-SBJ several industry analysts) (VP told (NP the Professional Investor Report) (SBAR 0 (S (NP-SBJ they) (VP believed (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP was (ADJP-PRD plausible) (SBAR-2 that (S (NP-SBJ Pennzoil) (VP may (VP be (VP buying (NP Chevron shares) (PP as (NP (NP a prelude) (PP to (S-NOM (NP-SBJ *) (VP pushing (PP-CLR for (NP (NP a restructuring) (PP of (NP the company)))))))))))))))))))))) .)) (TOP (S (NP-SBJ USX) (VP gained (NP 1) (PP-DIR to (NP (QP 33 3))) (PP on (NP (NP a report (SBAR *ICH*-2)) (PP-LOC in (NP Business Week magazine)) (SBAR-2 that (S (NP-SBJ-1 investor Carl Icahn) (VP is (VP said (S (NP-SBJ *-1) (VP to (VP have (VP raised (NP (NP his stake) (PP-LOC in (NP the oil and steel company))) (PP-CLR to (NP (QP just about 15) %))))))))))))) .)) (TOP (S (NP-TMP Earlier this month) , (NP-SBJ Mr. Icahn) (VP boosted (NP his USX stake) (PP-DIR to (NP 13.4 %))) .)) (TOP (S (ADVP-LOC Elsewhere (PP in (NP the oil sector))) , (S (NP-SBJ Exxon) (VP rallied (NP-ADV 7) (PP-DIR to (NP (QP 45 3))))) ; (S (NP-SBJ Amoco) (VP rose (NP-EXT 1) (PP-DIR to (NP 47)))) ; (S (NP-SBJ Texaco) (VP was (ADJP-PRD unchanged) (PP-CLR at (NP (QP 51 3))))) , and (S (NP-SBJ Atlantic Richfield) (VP fell (NP-EXT (QP 1 5)) (PP-DIR to (NP (QP 99 1))))) .)) (TOP (S (NP-SBJ (NP Mobil) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP plans (S (NP-SBJ *-2) (VP to (VP cut (NP its exploration and production work force) (PP-EXT by (NP (QP about 8) %)) (PP-LOC in (NP a restructuring))))))))))) ,) (VP dropped (NP-EXT 5) (PP-DIR to (NP (QP 56 1)))) .)) (TOP (S (NP-SBJ The precious metals sector) (VP outgained (NP other Dow Jones industry groups) (PP-EXT by (NP a wide margin)) (PP for (NP the second consecutive session))) .)) (TOP (S (S (NP-SBJ Hecla Mining) (VP rose (NP-EXT 5/8) (PP-DIR to (NP 14)))) ; (S (NP-SBJ Battle Mountain Gold) (VP climbed (NP-ADV 3/4) (PP-DIR to (NP (QP 16 3/4))))) ; (S (NP-SBJ Homestake Mining) (VP rose (NP-EXT (QP 1 1/8)) (PP-DIR to (NP (QP 16 7/8))))) ; (S (NP-SBJ Lac Minerals) (VP added (NP 5/8) (PP-DIR to (NP 11)))) ; (S (NP-SBJ Placer Dome) (VP went (ADVP-DIR up) (NP-EXT 7/8) (PP-DIR to (NP (QP 16 3/4))))) , and (S (NP-SBJ ASA Ltd.) (VP jumped (NP-EXT (QP 3 5/8)) (PP-DIR to (NP (QP 49 5/8))))) .)) (TOP (S (NP-SBJ (NP Gold mining stocks) (VP traded (NP *) (PP-LOC on (NP the American Stock Exchange)))) (ADVP also) (VP showed (NP strength)) .)) (TOP (S (S (NP-SBJ Echo Bay Mines) (VP rose (NP-EXT 5) (PP-DIR to (NP (QP 15 7))))) ; (S (NP-SBJ Pegasus Gold) (VP advanced (NP-EXT (QP 1 1)) (PP-DIR to (NP 12)))) , and (S (NP-SBJ Corona Class A) (VP gained (NP 1) (PP-CLR to (NP (QP 7 1)))) .))) (TOP (S (S (NP-SBJ-1 Unisys) (VP dropped (NP-EXT 3) (PP-DIR to (NP (QP 16 1))) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP posting (NP (NP a third-quarter loss) (PP of (NP (NP (NP $ 4.25 *U*) (NP-ADV a share)) , (PP including (NP restructuring charges)))))))))) , but (S (NP-SBJ other important technology issues) (VP were (ADJP-PRD mixed))) .)) (TOP (S (NP-SBJ (NP Compaq Computer) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP lost (NP (QP 8 5)) (NP-TMP Thursday) (PP-TMP following (NP a disappointing quarterly report)))))) ,) (VP gained (NP 5) (PP-DIR to (NP (QP 100 5)))) .)) (TOP (S (NP-SBJ International Business Machines) (VP dropped (NP-EXT 7) (PP-DIR to (NP (QP 99 7)))) .)) (TOP (S (S (NP-SBJ Digital Equipment) (VP tacked (PRT on) (NP (QP 1 1)) (PP-DIR to (NP (QP 89 1))))) , and (S (NP-SBJ Hewlett-Packard) (VP fell (NP-EXT 3) (PP-DIR to (NP (QP 49 3))))) .)) (TOP (S (NP-SBJ Dividend-related trading) (VP swelled (NP (NP volume) (PP-LOC in (NP (NP Merrill Lynch) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP closed (ADVP-CLR unchanged) (PP-CLR at (NP (QP 28 3))))))))) (SBAR-ADV as (S (NP-SBJ (QP 2.7 million) shares) (VP changed (NP hands))))) .)) (TOP (S (NP-SBJ The stock) (VP (VP has (NP a (ADJP 3.5 %) dividend yield)) and (VP goes (ADJP-PRD ex-dividend) (NP-TMP today))) .)) (TOP (S (NP-SBJ Erbamont) (VP advanced (NP-EXT (QP 1 1)) (PP-DIR to (NP (QP 36 1))) (PP-CLR on (NP (QP 1.9 million) shares))) .)) (TOP (S (NP-SBJ-2 (NP Montedison) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP (QP about 72) %) (PP of (NP (NP the company 's) common stock)))))) ,) (VP agreed (S (NP-SBJ *-2) (VP to (VP buy (NP the rest) (PP-CLR for (NP (NP $ 37 *U*) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ (NP Himont) , (NP (NP another majority-owned unit) (PP of (NP Montedison))) ,) (VP added (NP (QP 1 1)) (PP-DIR to (NP (QP 47 1)))) .)) (TOP (S (NP-SBJ Milton Roy) (VP jumped (NP-EXT 2) (PP-DIR to (NP (QP 18 3)))) .)) (TOP (S (NP-SBJ Crane) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP holds (NP (NP an (ADJP 8.9 %) stake) (PP-LOC in (NP the company)))) and (VP may (VP seek (NP control))))))) .)) (TOP (S (NP-SBJ Crane) (VP dropped (NP-EXT (QP 1 1)) (PP-DIR to (NP (QP 21 1)))) .)) (TOP (S (NP-SBJ (NP Comprehensive Care) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP terminated (NP its agreement (S (NP-SBJ *) (VP to (VP merge (PP-CLR with (NP First Hospital))))))))) ,) (VP dropped (NP-EXT 7) (PP-DIR to (NP (QP 3 7)))) .)) (TOP (S (NP-SBJ-1 (NP The company 's) decision) (VP was (VP made (NP *-1) (SBAR-TMP after (S (NP-SBJ-2 First Hospital) (VP failed (S (NP-SBJ *-2) (VP to (VP obtain (NP (NP financing) (PP for (NP its offer))))))))))) .)) (TOP (S (NP-SBJ Federal investigators) (VP have (VP identified (NP (NP (NP the problem) (PP-LOC in (NP (NP (NP last July 's) crash) (PP of (NP a United Airlines flight)) (PP-LOC in (NP Iowa))))) : (NP (NP a structural flaw) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP developed (PP-TMP during (NP (NP the making) (PP of (NP a titanium engine disk))))))))))) .)) (TOP (S (PP-TMP For (NP several months)) , (NP-SBJ (NP officials) (PP-LOC at (NP (NP the Federal Aviation Administration) and (NP the National Transportation Safety Board)))) (VP have (VP suspected (SBAR that (S (NP-SBJ (NP a metallurgical flaw) (PP-LOC in (NP the disk))) (VP led (PP-CLR to (NP (NP a crack) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP ultimately) (VP caused (S (NP-SBJ the tail engine) (VP to (VP break (ADVP-CLR apart) (PP-TMP in (NP flight))))))))))))))) .)) (TOP (S (NP-SBJ-1 The explosion) (VP (VP sent (S (NP-SBJ (NP shards) (PP of (NP metal))) (VP flying)) , (S-ADV (NP-SBJ *-1) (VP severing (NP (NP the DC-10 's) (UCP hydraulic or control) systems)))) , and (VP led (PP-CLR to (NP (NP the crash) (SBAR (WHNP-11 that) (S (NP-SBJ *T*-11) (VP killed (NP 112 people)))))))) .)) (TOP (S But (NP-SBJ investigators) (VP could (VP confirm (NP their theory) (PP-TMP (ADVP only) after (NP (NP the recent retrieval) (PP of (NP (NP a big chunk) (PP of (NP (NP Flight 232 's) tail engine)))) (PP from (NP (NP a cornfield) (PP-LOC near (NP (NP the Sioux City Airport) (PP-LOC in (NP Iowa)))))))))) .)) (TOP (S (NP-SBJ The safety board) (VP will (VP begin (NP (NP four days) (PP of (NP (NP hearings) (PP on (NP the accident))))) (NP-TMP tomorrow) (PP-LOC in (NP Sioux City)))) .)) (TOP (SINV (PP-LOC-PRD-TPC-2 Among (NP (NP the issues) (SBAR (WHNP-1 0) (S (NP-SBJ the board) (VP will (VP examine (NP *T*-1))))))) (VP is (PP-LOC-PRD *T*-2)) (SBAR-SBJ whether (S (NP-SBJ-3 (NP United Airlines) , (NP (NP a unit) (PP of (NP UAL Corp.))) ,) (VP should (VP have (VP been (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP detect (NP the cracks) (PP-MNR through (NP maintenance checks))))))))))) .)) (TOP (S (NP-SBJ (NP The engine) (VP involved (NP *))) (VP was (NP-PRD (NP a CF6-6) (VP made (NP *) (PP by (NP-LGS General Electric Co))))) .)) (TOP (S (NP-SBJ (NP Anthony Broderick) , (NP (NP (NP the FAA 's) acting executive director) (PP for (NP (NP regulatory standards) and (NP compliance)))) ,) (VP said (SBAR that (S (NP-SBJ (NP recent tests) (PP of (NP the failed engine disk))) (VP indicate (SBAR that (S (NP-SBJ (NP a flaw) (PRN -- (VP known (NP *) (PP-CLR as `` (ADJP hard alpha) '')) --)) (VP occurred (PP-LOC in (NP the titanium)) (PP-TMP during (NP its production)) (ADVP-TMP (NP (QP almost 20) years) ago)))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR (SBAR 0 (S (NP-SBJ there) (VP was n't (NP-PRD (NP any way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP detect (NP the flaw) (PP-TMP at (NP that time)) (ADVP-MNR *T*-1))))))))) , and (SBAR that (S (NP-SBJ-2 the process) (VP has (ADVP-TMP since) (VP been (VP changed (NP *-2) (S-PRP (NP-SBJ *) (VP to (VP decrease (NP the chance (SBAR that (S (NP-SBJ such flaws) (VP would (VP occur))))))))))))))) .)) (TOP (S (NP-SBJ The FAA) (ADVP-TMP already) (VP has (VP ordered (SBAR that (S (NP-SBJ-1 (NP all 232 disks) (VP made (NP *) (PP by (NP-LGS the old process)))) (VP be (VP (VP removed (NP *-1) (PP-CLR from (NP the planes))) and (VP subjected (NP *-1) (PP-CLR to (NP an ultrasonic test)) (PP-LOC in (NP a water-submersion chamber))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Such tests) (VP make (S (NP-SBJ the FAA) (ADJP-PRD confident (SBAR that (S (NP-SBJ a Sioux City-type accident) `` (VP wo n't (VP happen (ADVP-TMP again))))))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ Mr. Broderick) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP GE))) (VP said (SBAR that (S (NP-SBJ the company) (VP has (VP been (VP (VP working (PP-CLR with (NP the FAA)) (ADVP-TMP all along) (PP-CLR on (NP this issue))) and `` (VP will (VP comply (ADVP-MNR fully) (PP-CLR with (NP the required inspections)))))))))) . '')) (TOP (S But (NP-SBJ he) (ADVP also) (VP pointed (PRT out) (SBAR that (S (NP-SBJ the recalls) (VP will (VP have (NP (NP no impact) (PP on (NP (NP GE 's) engine production)))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ-11 The CF6-6 series engines) (VP are n't (VP being (VP manufactured (NP *-11) (ADVP-TMP any more))))) ; (S (NP-SBJ-12 they) (VP are (ADVP only) (VP being (VP used (NP *-12) (PP-LOC in (NP (NP the DC-10 Series 10 planes) (PP (ADVP-TMP currently) in (NP service))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP A frozen mountaintop) (PP-LOC in (NP Tibet))) (VP may (VP offer (NP (NP an important clue) (PP about (SBAR whether (S (NP-SBJ the Earth) (VP is (VP warming (ADVP-MNR perilously))))))))) .)) (TOP (S (NP-SBJ (NP Researchers) (PP-LOC at (NP (NP Ohio State University) and (NP (NP Lanzhou Institute) (PP of (NP Glaciology and Geocryology)) (PP-LOC in (NP China)))))) (VP (VP have (VP analyzed (NP (NP samples) (PP of (NP (NP glacial ice) (PP-LOC in (NP Tibet))))))) and (VP say (SBAR 0 (S (NP-SBJ (NP temperatures) (ADVP-LOC there)) (VP have (VP been (ADJP-PRD (ADJP significantly higher) (PP *ICH*-1)) (PP on (NP average)) (PP-TMP over (NP the past half-century)) (PP-1 than (PP-TMP in (NP (NP any similar period) (PP-TMP in (NP the past 10,000 years))))))))))) .)) (TOP (S (NP-SBJ The ice samples) (VP are (NP-PRD (NP an important piece) (PP of (NP evidence)) (VP supporting (NP theories (SBAR that (S (NP-SBJ the Earth) (VP has (VP (VP warmed (ADVP-MNR considerably) (PP-TMP in (NP recent times)) , (PP-PRP (ADVP largely) because of (NP (NP pollutants) (PP-LOC in (NP the air))))) , and (VP will (VP warm (ADVP-MNR far more) (PP-TMP in (NP (NP the century) (ADVP ahead))))))))))))) .)) (TOP (S (NP-SBJ-1 A substantial warming) (VP would (VP melt (NP (NP some) (PP of (NP (NP the Earth 's) polar ice caps))) , (S-ADV (NP-SBJ *-1) (VP (VP raising (NP (NP the level) (PP of (NP the oceans)))) and (VP causing (NP (NP widespread flooding) (PP of (NP (ADJP heavily populated) coastal areas)))))))) .)) (TOP (SINV `` (S-TPC-5 (SBAR-ADV If (S (NP-SBJ-4 you) (VP can (VP use (NP data) (S-CLR (NP-SBJ *-4) (VP to (VP reconstruct (SBAR-NOM (WHNP-2 what) (S (NP-SBJ *T*-2) (VP happened (PP-TMP in (NP the past)))))))))))) , (NP-SBJ you) (VP have (NP (NP (ADJP much more) confidence) (PP in (NP (NP predictions) (PP for (NP the future))))))) , '' (VP said (S *T*-5)) (NP-SBJ (NP Lonnie Thompson) , (NP (NP a research scientist) (PP-LOC at (NP Ohio State)) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP (VP dug (PP-CLR for (NP *RNR*-1))) and (VP analyzed (NP *RNR*-1)) (NP-1 the ice samples)))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP compare (NP (NP temperatures) (PP-TMP over (NP the past 10,000 years)))))) , (NP-SBJ-1 researchers) (VP analyzed (NP (NP the changes) (PP-LOC in (NP (NP concentrations) (PP of (NP (NP two forms) (PP of (NP oxygen)))))))) .)) (TOP (S-1 (NP-SBJ These measurements) (VP can (VP indicate (NP temperature changes) (PRN , (S (NP-SBJ researchers) (VP said (SBAR 0 (S *T*-1)))) ,) (SBAR-PRP because (S (NP-SBJ (NP the rates) (PP of (NP (NP evaporation) (PP of (NP these oxygen atoms))))) (VP differ (SBAR-TMP as (S (NP-SBJ temperatures) (VP change)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Analysis) (PP of (NP (NP ice) (PP from (NP (NP the Dunde ice cap) , (NP (NP a glacial plateau) (PP-LOC in (NP Tibet)) (PP (NP-ADV 17,000 feet) above (NP sea level))) ,))))) (VP show (SBAR that (S (NP-SBJ average temperatures) (VP were (ADJP-PRD (ADJP higher) (PP *ICH*-1)) (PP-TMP in (NP 1937-87)) (PP-1 than (PP-TMP in (NP (NP any other 50-year period) (PP-TMP since (PP before (NP the last Ice Age))))))))))) , (NP-SBJ Mr. Thompson) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Some climate models) (VP project (SBAR that (S (NP-SBJ (NP interior regions) (PP of (NP Asia))) (VP would (VP be (PP-LOC-PRD among (NP (NP the first) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP heat (ADVP-CLR up) (PP-TMP in (NP a global warming)))))))) (SBAR-PRP because (S (NP-SBJ they) (VP are (ADVP-LOC-PRD far (PP from (NP (NP oceans) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP moderate (NP temperature changes))))))))))))))) .)) (TOP (S (S-TPC-1 But (NP-SBJ the ice-core samples) (VP are n't (NP-PRD definitive proof (SBAR that (S (NP-SBJ the so-called greenhouse effect) (VP will (VP lead (PP-CLR to (NP further substantial global heating))))))))) , (NP-SBJ Mr. Thompson) (VP acknowledged (SBAR 0 (S *T*-1))) .)) (TOP (S (PP According (PP to (NP greenhouse theories))) , (NP-SBJ (NP increased carbon dioxide emissions) , (VP (ADVP largely) caused (NP *) (PP by (NP-LGS (NP burning) (PP of (NP fossil fuels))))) ,) (VP will (VP cause (S (NP-SBJ the Earth) (VP to (VP warm (ADVP-CLR up)))) (SBAR-PRP because (S (NP-SBJ carbon dioxide) (VP prevents (NP-1 heat) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP escaping (PP-DIR into (NP space)))))))))) .)) (TOP (S (NP-SBJ Skeptics) (VP say (SBAR that (S (SBAR-ADV if (S (NP-SBJ that) (VP 's (NP-PRD the case)))) , (NP-SBJ temperatures) (VP should (VP have (VP risen (ADVP-MNR fairly uniformly) (PP-TMP over (NP the past century)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP the increase) (PP in (NP carbon dioxide))))))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ the Dunde ice-core record) (VP shows (NP (NP (NP increasing temperatures) (PP-TMP (PP from (NP 1900)) (PP through (NP the early 1950s)))) , (NP (NP decreasing temperatures) (PP-TMP (PP from (NP the late 1950s)) (PP through (NP the mid-1970s)))) , then (NP (NP higher temperatures) (ADVP-TMP again) (PP-TMP through (NP last year))))) .)) (TOP (S (NP-SBJ Other temperature data) (VP show (NP similar unexplained swings)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Climate) (VP varies (ADVP-MNR drastically) (ADVP-PRP due (PP to (NP natural causes))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Thompson) .)) (TOP (S But (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ (NP ice samples) (PP from (NP Peru , Greenland and Antarctica))) all (VP show (NP (NP substantial signs) (PP of (NP warming))))))) .)) (TOP (S (NP-SBJ Telxon Corp.) (VP said (SBAR 0 (S (S (NP-SBJ (NP its vice president) (PP for (NP manufacturing))) (VP resigned)) and (S (NP-SBJ-1 its Houston work force) (VP has (VP been (VP trimmed (NP *-1) (PP-EXT by (NP (NP 40 people) , or (NP (QP about 15) %)))))))))) .)) (TOP (S (NP-SBJ (NP The maker) (PP of (NP hand-held computers and computer systems))) (VP said (SBAR 0 (S (NP-SBJ-1 the personnel changes) (VP were (VP needed (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP improve (NP (NP the efficiency) (PP of (NP its manufacturing operation))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP has n't (VP named (NP (NP a successor) (PP to (NP (NP Ronald Bufton) , (NP (NP the vice president) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP resigned)))))))))))) .)) (TOP (S (NP-SBJ Its Houston work force) (ADVP-TMP now) (VP totals (NP 230)) .)) (TOP (S (NP-SBJ CNW Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the final step) (PP-LOC in (NP (NP the acquisition) (PP of (NP the company))))) (VP has (VP been (VP completed (NP *-1) (PP with (NP (NP the merger) (PP of (NP CNW)) (PP with (NP (NP a subsidiary) (PP of (NP Chicago & North Western Holdings Corp)))))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-2 *) (VP reported (NP *-2)))) , (NP-SBJ-3 CNW) (VP agreed (S (NP-SBJ-1 *-3) (VP to (VP be (VP acquired (NP *-1) (PP by (NP-LGS (NP a group) (PP of (NP (NP investors) (VP led (NP *) (PP by (NP-LGS Blackstone Capital Partners Limited Partnership))))))) (PP-CLR for (NP (NP (NP $ 50 *U*) (NP-ADV a share)) , or (NP (QP about $ 950 million) *U*)))))))) .)) (TOP (S (NP-SBJ Congress) (VP sent (PP-DTV to (NP President Bush)) (NP (NP an (ADJP (QP $ 8.5 billion) *U*) military construction bill) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP cuts (NP (NP spending) (PP for (NP new installations))) (PP-EXT by (NP 16 %)) (SBAR-ADV while (S (NP-SBJ-3 *-2) (VP revamping (NP the Pentagon budget) (S-PRP (NP-SBJ *-3) (VP to (VP move (NP (QP more than $ 450 million) *U*) (PP-DIR from (NP foreign bases)) (PP-DIR to (NP home-state projects))))))))))))) .)) (TOP (S (S (NP-SBJ The fiscal 1990 measure) (VP builds (PP-CLR on (NP (NP a pattern) (VP set (NP *) (NP-TMP earlier this year) (PP by (NP-LGS House and Senate defense authorizing committees))))))) , and (PRN -- (PP-TMP at (NP (NP a time) (PP of (NP (NP (NP retrenchment) (PP for (NP the military))) and (NP (NP concern) (PP about (NP (NP (NP the U.S. 's) standing) (PP-LOC in (NP the world economy))))))))) --) (S (NP-SBJ overseas spending) (VP is (NP-PRD most vulnerable))) .)) (TOP (S (NP-SBJ-1 (NP Total Pentagon requests) (PP for (NP (NP installations) (PP-LOC in (NP (NP West Germany) , (NP Japan) , (NP South Korea) , (NP the United Kingdom) and (NP the Philippines)))))) , (PP for (NP example)) , (VP are (VP cut (NP *-1) (PP-EXT by (NP (QP almost two-thirds))) , (SBAR-ADV while (S (NP-SBJ lawmakers) (VP added (PP-CLR to (NP (NP the military budget) (PP for (NP construction)))) (PP-LOC in (NP (NP (QP all but a dozen) states) (PP-LOC at (NP home))))))))) .)) (TOP (S (NP-SBJ The result) (VP is (SBAR-PRD that (S (PP instead of (NP (NP (NP the Pentagon 's) proposed split) (PP of (ADVP 60-40)) (PP between (NP (ADJP domestic and foreign) bases)))) , (NP-SBJ-41 the reduced funding) (VP is (VP distributed (NP *-41) (PP-MNR by (NP (NP a ratio) (PP of (ADVP approximately 70-30))))))))) .)) (TOP (S (S (NP-SBJ (NP The extra margin) (PP for (NP (NP bases) (PP-LOC in (NP the U.S.))))) (VP enhances (NP (NP the power) (PP of (NP the appropriations committees))))) ; (S (ADVP-TMP meanwhile) , (NP-SBJ-2 lawmakers) (VP used (NP their positions) (S-CLR (NP-SBJ *-2) (VP to (VP garner (SBAR-NOM (QP as much as six times) (WHNP-1 what) (S (NP-SBJ the Pentagon) (VP had (VP requested (NP *T*-1) (PP for (NP their individual states))))))))))) .)) (TOP (S (NP-SBJ-1 (NP House Appropriations Committee Chairman Jamie Whitten) (PRN -LRB- (NP D.) , (NP-LOC Miss .) -RRB-)) (VP helped (S (NP-SBJ *-1) (VP secure (NP (QP $ 49.7 million) *U*) (PP for (NP his state)) , (FRAG or (NP (QP more than double) (NP the Pentagon 's) budget))))) .)) (TOP (S (NP-SBJ (NP West Virginia) , (NP (NP home) (PP of (NP Senate Appropriations Committee Chairman Robert Byrd))) ,) (VP would (VP receive (NP (NP (QP $ 21.5 million) *U*) -- (NP (QP four times) (NP the military 's) request)))) .)) (TOP (S (NP-SBJ (NP (NP Tennessee) and (NP North Carolina)) , (NP (NP home states) (PP of (NP (NP the two Democratic chairmen) (PP of (NP the House and Senate military construction subcommittees))))) ,) (VP receive (NP (NP (QP $ 243.2 million) *U*) , or (NP (NP 25 %) (PP above (NP (NP the Pentagon 's) request))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ (NP spending) (PP for (NP Iowa and Oregon))) (VP was (ADJP-PRD far less)))) , (NP-SBJ (NP their increases) (PP above (NP Pentagon requests)) (PRN -- (NP (NP (NP 640 %) and (NP 430 %)) , (ADVP respectively)) --)) (VP were (ADJP-PRD much greater) (PP-PRP because of (NP (NP the influence) (PP of (NP Republicans)) (PP-LOC at (NP critical junctures))))) .)) (TOP (S (NP-SBJ (NP The swift passage) (PP of (NP (NP the bill) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP cleared (NP the Senate and House) (PP-MNR on (NP simple voice votes)) (NP-TMP last week)))) ,))) (VP contrasts (PP-CLR with (NP (NP the problems) (VP (ADVP-TMP still) facing (NP (NP a (ADJP more cumbersome) (ADJP (QP $ 66.8 billion) *U*) measure) (VP funding (NP (UCP housing , environmental , space and veterans) programs))))))) .)) (TOP (S (S (PP-EXT By (NP an 84-6 margin)) , (NP-SBJ the Senate) (VP approved (NP (NP the bulk) (PP of (NP the spending))) (NP-TMP Friday))) , but (S (NP-SBJ the bill) (VP was (ADVP-TMP then) (VP sent (ADVP-DIR back (PP to (NP the House))) (S-PRP (NP-SBJ *) (VP to (VP resolve (NP (NP the question) (PP of (SBAR (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP address (NP (NP budget limits) (PP-LOC on (NP (NP credit allocations) (PP for (NP the Federal Housing Administration))))) (ADVP-MNR *T*-1))))))))))))) .)) (TOP (S (S (NP-SBJ-1 The House Democratic leadership) (VP could (VP seek (S (NP-SBJ *-1) (VP to (VP waive (NP these restrictions))))))) , but (S (NP-SBJ the underlying bill) (VP is (ADVP-TMP already) (PP-PRD under (NP attack)) (PP-PRP for (NP (NP excesses) (ADVP-LOC elsewhere))))) .)) (TOP (S (S (NP-SBJ-1 Appropriations committees) (VP have (VP used (NP (NP an assortment) (PP of (NP devices))) (S-CLR (NP-SBJ *-1) (VP to (VP disguise (NP (NP (QP as much as $ 1 billion) *U*) (PP in (NP spending))))))))) , and (S (SBAR-TMP as (S (NP-SBJ critics) (VP have (VP awakened (PP-CLR to (NP these devices)))))) , (NP-SBJ the bill) (VP can (VP seem (PP-CLR like (NP (NP a wounded caribou) (VP trying (S (NP-SBJ-3 *) (VP to (VP make (NP-CLR it) (PP-CLR past (NP ice and wolves)) (S-PRP (NP-SBJ *-3) (VP to (VP reach (NP safer winter grazing))))))))))))) .)) (TOP (S (NP-SBJ-3 (NP Much) (PP of (NP the excess spending))) (VP (VP will (VP be (VP pushed (NP *-3) (PP-DIR into (NP fiscal 1991))))) , and (VP (PP in (NP some cases)) is (ADVP-TMP temporarily) (VP parked (NP *-3) (PP-LOC-CLR in (NP slow-spending accounts)) (PP in (NP (NP anticipation) (PP of (S-NOM (NP-SBJ-1 *) (VP being (VP transferred (NP *-1) (PP-DIR to (NP faster-spending areas)) (SBAR-TMP after (S (NP-SBJ-2 the budget scorekeeping) (VP is (VP completed (NP *-2)))))))))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ a House-Senate conference) (ADVP ostensibly) (VP increased (NP (NP the National Aeronautics and Space Administration budget) (PP for (NP (NP construction) (PP of (NP facilities))))) (PP-DIR to (NP (NP (QP nearly $ 592 million) *U*) , or (NP (NP (QP more than $ 200 million) *U*) (PP above (SBAR-NOM (WHNP-1 what) (S (NP-SBJ either chamber) (VP had (ADVP-TMP previously) (VP approved (NP *T*-1)))))))))) .)) (TOP (S (NP-SBJ (NP Part) (PP of (NP the increase))) (VP would (VP provide (NP (NP (QP $ 90 million) *U*) (PP toward (S-NOM (NP-SBJ *) (VP ensuring (NP (NP construction) (PP of (NP a costly solid rocket-motor facility)) (PP-LOC in (NP (NP Mr. Whitten 's) Mississippi))))))))) .)) (TOP (S But (NP-SBJ-1 (NP (QP as much as $ 177 million) *U*) , or (NP (NP (QP nearly 30) %) (PP of (NP the account))) ,) (VP is (VP marked (NP *-1) (PP-CLR for (NP (NP potential transfers) (PP to (NP (NP research , management and flight accounts) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP are (VP spent (NP *-3) (PRT out) (PP-MNR at (NP a faster clip)))))))))))) .)) (TOP (S (NP-SBJ (NP The bill 's) managers) (VP face (NP criticism) , (ADVP too) , (PP for (NP (NP the unusual number) (PP of (NP (NP conditions) (VP (ADVP-MNR openly) imposed (NP *) (PP-CLR on (SBAR-NOM (WHADVP-2 where) (S (NP-SBJ-1 funds) (VP will (VP be (VP spent (NP *-1) (ADVP-LOC *T*-2))))))))))))) .)) (TOP (S (NP-SBJ (NP Conservatives) , (VP embarrassed (NP *) (PP by (NP-LGS (NP Republican influence-peddling scandals) (PP-LOC at (NP (NP the Department) (PP of (NP (UCP Housing and Urban) Development))))))) ,) (VP have (VP used (NP the issue) (PP-LOC in (NP an effort (S (NP-SBJ *) (VP to (VP shift (NP blame) (PP-DIR onto (NP a Democratic-controlled Congress))))))))) .)) (TOP (S (NP-SBJ HUD Secretary Jack Kemp) (VP (VP backed (NP an unsuccessful effort (S (NP-SBJ *) (VP to (VP strike (NP such language))))) (NP-TMP last week)) , but (VP received (NP little support) (PP-CLR from (NP (NP the White House budget office) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP (VP wants (S (NP-SBJ *-2) (VP to (VP protect (NP (NP space-station funding) (PP-LOC in (NP the bill))))))) and (VP has (VP tended (S (NP-SBJ *-2) (VP to (VP turn (NP its eyes) (PP-DIR from (NP pork-barrel amendments)))))))))))))) .)) (TOP (S (PP-LOC Within (NP (NP discretionary funds) (PP for (NP community development grants)))) , (NP-SBJ-1 (QP more than $ 3.7 million) *U*) (VP is (VP allocated (NP *-1) (PP-CLR to (NP (NP six projects) (PP-LOC in (NP (NP Michigan) , (NP (NP home state) (PP of (NP (NP a subcommittee chairman) , (NP Rep. Bob Traxler)))))))))) .)) (TOP (S (S (NP-SBJ House Speaker Thomas Foley) (VP won (NP $ 510,000 *U*) (PP for (NP (NP a project) (PP-LOC in (NP (NP his district) (PP-LOC in (NP Washington state)))))))) , and (S (NP-SBJ (NP (QP $ 1.3 million) *U*) , (VP earmarked (NP *) (PP by (NP-LGS Sen. Daniel Inouye))) ,) (VP amounts (PP-CLR to (NP (NP a business subsidy) (PP under (NP (NP the title) `` (NP-TTL Hawaiian sugar mills job retention))))))) . '')) (TOP (S (NP-SBJ-2 The powerful Democrat) (VP had (ADVP-TMP first) (VP wanted (S (NP-SBJ *-2) (VP to (VP add (NP (NP language) (VP relaxing (NP (NP environmental restrictions) (PP-LOC on (NP (NP two mills) (PP-LOC on (NP the Hamakua coast)) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP are (VP threatening (S (NP-SBJ *-3) (VP to (VP close))))))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-3 When) (S (NP-SBJ this plan) (VP met (NP resistance) (ADVP-TMP *T*-3)))) , (NP-SBJ (NP it) (S *EXP*-4)) (VP was (VP agreed (ADVP instead) (S-4 (NP-SBJ-1 *) (VP to (VP take (NP money) (PP-CLR from (NP HUD)) (S-PRP (NP-SBJ *-1) (VP to (VP subsidize (NP (NP needed improvements) (PP-LOC in (NP (NP two settling ponds) (PP for (NP (NP the mills) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP employ (NP an estimated 1,500 workers))))))))))))))) , (PP according (PP to (NP (NP Mr. Inouye 's) office))))) .)) (TOP (S (NP-SBJ (NP (NP (NP (NP Dennis Farney 's) Oct. 13 page-one article)) `` (NP-TTL (NP River) (PP of (NP Despair)))) , '' (PP about (NP (NP the poverty) (PP-LOC along (NP the Mississippi)))) ,) (VP fanned (NP (NP childhood memories) (PP of (SBAR-NOM (WHADVP-1 when) (S (NP-SBJ my parents) (VP were (NP-PRD sharecroppers) (PP-LOC in (NP southeastern Arkansas)) , (NP-LOC (NP (QP only a few) miles) (PP from (NP the river))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ we) (VP were (ADJP-PRD white)))) , (NP-SBJ (NP the same economic factors) (SBAR *ICH*-1)) (VP affected (NP us) (SBAR-1 as (S (NP-SBJ *) (VP affects (NP (NP the black people) (SBAR (WHNP-2 0) (S (NP-SBJ Mr. Farney) (VP writes (PP-CLR about (NP *T*-2)))))))))) .)) (TOP (S (ADVP Fortunately) , (NP-SBJ (NP an aunt) (PP with (NP a college degree))) (VP (VP bought (NP a small farm)) and (VP moved (NP us) (ADVP-DIR (NP 50 miles) north (PP to (NP (NP good schools) and (NP (NP an environment) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP opened (NP (NP the world) (PP of (NP opportunity))) (PP for (NP (NP me) (PP as (NP an eight-year-old))))))))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ-1 I) (VP 've (VP been (VP blessed (NP *-1) (PP-CLR with (NP (NP academic degrees) and (NP (NP some success) (PP-LOC in (NP the materialistic world)))))))))) , (NP-SBJ I) (VP 've (ADVP-TMP never) (VP (VP forgotten (NP *RNR*-2)) or (VP lost (NP-CLR contact) (PP-CLR with (NP *RNR*-2))) (NP-2 (NP those memories) (PP of (NP the 1930s))))) .)) (TOP (S (NP-SBJ-1 (NP Most) (PP of (NP the land)) (PP-LOC in (NP (NP (ADJP that and other) parts) (PP of (NP the Delta))))) (VP are (ADVP-TMP now) (VP owned (NP *-1) (PP by (NP-LGS (NP (ADJP second , third or fourth) generations) (PP of (NP the same families)))))) .)) (TOP (S (NP-SBJ These) (VP are (NP-PRD (NP the families) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP used (NP *RNR*-3)) (PRN -- and (VP (ADVP-TMP sometime) abused (NP *RNR*-3)) --) (NP-3 (NP their sharecroppers) , (NP (NP people) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP had (NP (NP no encouragement) and (NP (NP little access) (PP to (NP (NP an education) or (NP (NP training) (PP for (NP a better life))))))))))))))))) .)) (TOP (S (PP-TMP Following (NP World War II)) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP one family) (PP with (NP mechanized equipment))) (VP could (VP farm (NP (NP crops) (VP (ADVP-TMP formerly) requiring (NP 20 families))) (ADVP-TMP *T*-2))))) , (NP-SBJ-1 the surplus people) (VP were (VP dumped (NP *-1) (PP-DIR into (NP (NP the mainstream) (PP of (NP society)))) (PP with (NP (NP no Social Security) , (NP (NP no skills) (PP-LOC in (NP the workplace))) , (NP (NP no hope) (PP for (NP their future)) (PP except (NP welfare))))))) .)) (TOP (S And (NP-TMP today) , (NP-SBJ (NP many) (PP of (NP their children , grandchildren and great-grandchildren))) (VP remain (PP-PRD on (NP welfare))) .)) (TOP (S (PP-TMP In (NP the meantime)) , (NP-SBJ the landowners) (VP continue (VP receiving (NP (NP generous subsidies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP began (PP-TMP during (NP New Deal days)))))))) .)) (TOP (S Or (NP-SBJ (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP choose not (S (NP-SBJ *-2) (VP to (VP farm))))))) (VP can (VP lease (NP their (NX (NX lands) and (NX crop allotments))) (PP-CLR for (NP handsome sums)))) .)) (TOP (S (S (NP-SBJ (NP Farmers) (PP-LOC in (NP (NP the Midwest) and (NP other areas)))) (VP have (VP suffered))) , but (S (NP-SBJ-3 (NP those) (PP-LOC along (NP the Mississippi))) (VP continue (S (NP-SBJ *-3) (VP to (VP prosper (PP-MNR with (NP (NP holdings) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were (VP built (NP *-1) (PP-CLR with (NP (NP the sweat) (PP of (NP (NP men and women) (VP living (PP-LOC in (NP economic slavery)))))))))))))))))) .)) (TOP (S And (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-4 they) (VP were (ADVP-TMP no longer) (VP needed (NP *-4) (ADVP-TMP *T*-2))))) , (NP-SBJ-1 they) (VP were (VP turned (NP *-1) (ADVP-CLR loose) (S-ADV (NP-SBJ-3 *-1) (ADJP-PRD unprepared (S (NP-SBJ *-3) (VP to (VP build (NP (NP lives) (PP of (NP their own)))))))))) .)) (TOP (NP Denton Harris)) (TOP (NP Chairman)) (TOP (NP Metro Bank)) (TOP (NP-LOC Atlanta)) (TOP (S (SBAR-PRP Because (S (NP-SBJ (NP the cycle) (PP of (NP (NP poverty) (PP-LOC along (NP the lower Mississippi))))) (VP goes (ADVP-CLR back) (NP so many generations)))) , (S-NOM-SBJ (NP-SBJ *) (VP breaking (NP this cycle))) (VP will (VP be (PP-PRD next (PP to (ADJP impossible))))) .)) (TOP (S (ADVP Sadly) , (NP-SBJ the cycle) (VP appears (PP-CLR not (PP as (NP waves)) but (PP as (NP a downward spiral)))) .)) (TOP (S Yet (NP-SBJ-1 the evidence (SBAR that (S (NP-SBJ we) (VP have not (VP hit (NP bottom)))))) (VP is (VP found (NP *-1) (PP-LOC-CLR in (NP the fact (SBAR that (S (NP-SBJ we) (VP are not (ADVP-TMP yet) (VP helping (NP ourselves))))))))) .)) (TOP (S (NP-SBJ (NP The people) (PP of (NP the Delta))) (VP are (VP waiting (PP-CLR for (NP (NP (NP that big factory) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP open))))) , (NP (NP river traffic) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP increase))))) , (NP (NP government spending) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP fund (NP job-training programs)))))) or (NP (NP public schools) (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP to (VP educate (NP apathetic students)))))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ-1 we) (VP refuse (S (NP-SBJ *-1) (VP to (VP face (NP the tough answers))))))) , (NP-SBJ the questions) (VP continue (PP-CLR as (NP (NP fodder) (PP (PP for (NP the commissions and committees)) , (PP for (NP the media and politicians)))))) .)) (TOP (S (NP-SBJ Coffee-shop chatter) (VP does not (VP lend (NP-CLR itself) (PP-CLR to (S-NOM (NP-SBJ *) (VP solving (NP (NP the problems) (PP of (NP (NP racism) , (NP teen pregnancy) or (NP (NP lack) (PP of (NP parental support or guidance))))))))))) .)) (TOP (SQ Does (NP-SBJ-2 the Delta) (VP deserve (NP government help) (PP in (S-NOM (NP-SBJ *-2) (VP attracting (NP industry)))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP (NP the majority) (PP of (NP residents))) , (ADJP black and white) ,) (VP do not (VP realize (SBAR 0 (S (NP-SBJ racism) (VP alienates (NP potential employers)))) (ADVP-TMP *T*-1)))))) ?)) (TOP (SQ Should (NP-SBJ we) (VP focus (PP-CLR on (NP (NP the region 's) infant-mortality rate)) (SBAR-TMP (WHADVP when) (S (NP-SBJ (NP the vocal right-wingers) and (NP the (NX (NX school boards) , (NX mayors) and (NX legislators)))) (VP prohibit (NP-1 schools) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP teaching (NP (NP the two ways) (PRN -LRB- (NP abstinence or contraceptives) -RRB-) (PP of (S-NOM (NP-SBJ *) (VP decreasing (NP teen pregnancy)))))))))))) ?)) (TOP (S (S (NP-SBJ Delta problems) (VP are (ADJP-PRD difficult , not impossible , (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP solve (NP *T*-1)))))))) -- (S (NP-SBJ-2 I) (VP am (ADVP just) not (VP convinced (NP *-2) (SBAR that (S (NP-SBJ-3 we) (VP are (ADJP-PRD ready (S (NP-SBJ *-3) (VP to (VP solve (NP them) (ADVP-TMP yet))))))))))) .)) (TOP (NP Leslie Falls Humphries)) (TOP (NP-LOC (NP Little Rock) , (NP Ark) .)) (TOP (S (NP-SBJ-1 I) (VP would (VP like (S (NP-SBJ *-1) (VP to (VP issue (NP a challenge) (PP-CLR to (NP corporate America))))))) .)) (TOP (S (NP-TMP (NP The next time) (SBAR (WHADVP-2 0) (S (S (NP-SBJ-1 expansion plans) (VP are (VP mentioned (NP *-1) (PP-LOC at (NP the old company)) (ADVP-TMP *T*-2)))) and (S (NP-SBJ somebody) (VP says , `` (S (INTJ Aw heck) , (NP-VOC guys) , (NP-SBJ nobody) (VP can (VP do (NP it) (PP-MNR like (NP (NP Japan) or (NP South Korea)))))) (ADVP-TMP *T*-2)))))) , '' (NP-SBJ I) (VP wish (SBAR 0 (S (NP-SBJ you) (VP would (VP (VP butt (ADVP-CLR in)) and (VP say , `` (S (S (NP-SBJ *) (VP Hold (NP it) , (NP-VOC fellas) ,)) (SBARQ (WHADVP-3 why) (SQ do n't (NP-SBJ we) (VP (VP compare (NP prices)) and (VP use (NP our own little Third World country)) (ADVP-PRP *T*-3))))))))))) .)) (TOP (S (NP-SBJ We) (VP would (ADVP even) (VP save (PP-LOC on (NP freight)))) . '')) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP no mystery) (SBAR (WHADVP-1 why) (S (NP-SBJ the Delta) (VP originated `` (S-TTL (NP-SBJ *) (VP Singin ' (NP the Blues))) (ADVP-PRP *T*-1)))))) . '')) (TOP (NP Eugene S. Clarke IV)) (TOP (NP-LOC (NP Hollandale) , (NP Miss) .)) (TOP (S (NP-SBJ Your story) (VP is (NP-PRD (NP an insult) (PP to (NP (NP the citizens) (PP of (NP the Mississippi Delta)))))) .)) (TOP (S (NP-SBJ (NP Many) (PP of (NP (NP the problems) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP presented (NP *T*-1))))))) (VP exist (PP-LOC in (NP (NP every part) (PP of (NP this country))))) .)) (TOP (S (NP-SBJ Poverty) (VP is (PP-PRD (NP-ADV (QP only two) blocks) from (NP (NP President Bush 's) residence))) .)) (TOP (S (S (PP-TMP For (NP years)) , (NP-SBJ-1 we) (VP tried (S (NP-SBJ *-1) (VP to (VP ignore (NP (NP the problem) (PP of (NP poverty)))))))) , and (S (ADVP-TMP now (SBAR that (S (NP-SBJ it) (VP has (VP gotten (ADVP-PRD out (PP of (NP hand)))))))) (NP-SBJ it) (VP 's (NP-PRD a new crusade) (PP for (NP (NP the media) and (NP our Democratic Congress))))) .)) (TOP (S (S (NP-SBJ-1 Nobody) (VP should (VP have (S (NP-SBJ *-1) (VP to (VP live (PP-LOC in (NP (NP such poor conditions) (PP as (PP-LOC in `` (NP-TTL Sugar Ditch))))))))))) , '' but (S (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ you) (VP travel (PP-DIR to (NP (NP Washington) , (NP Boston) , (NP Chicago) or (NP New York))) (ADVP-TMP *T*-2)))) , (NP-SBJ the same problems) (VP exist)) .)) (TOP (S (NP-SBJ The only difference) (VP is , (SBAR-PRD 0 (S (PP-LOC in (NP those cities)) (NP-SBJ-1 the poor) (VP are (VP housed (NP *-1) (PP-LOC-CLR in (NP (NP high-rise-project apartments) (S (NP-SBJ each) (VP consisting (PP-CLR of (NP one room)) , (PP (PP with (NP (NP (NP rusty pipes) (VP called (S (NP-SBJ *) (NP-PRD plumbing)))) , (NP (NP rodents and cockroaches) (ADVP-LOC everywhere)) and (NP nonworking elevators))) -- and (PP with (NP (NP the building) (VP patrolled (NP *) (PP by (NP-LGS (NP gangs) and (NP drug dealers)))))))))))))))) .)) (TOP (S (NP-SBJ Many middle-class people) (VP would (VP love (NP free (NX (NX food) , (NX Medicaid insurance) , (NX utilities) and (NX rent))))) .)) (TOP (S Then (ADVP maybe) (NP-SBJ-2 I) (VP could (VP (VP stay (ADVP-CLR home)) and (VP have (NP seven children)) and (VP watch (NP Oprah Winfrey)) , (PP-MNR like (NP (NP Beulah) (PP-LOC in (NP the article)))) , (PP instead of (S-NOM (NP-SBJ-1 *-2) (VP (VP having (NP one child)) and (VP working (ADVP-TMP constantly) (S-PRP (NP-SBJ *-1) (ADVP just) (VP to (VP stay (PP-LOC-CLR above (NP water))))) , (PP-MNR like (NP (NP (ADJP so many) families) (PP-LOC in (NP this country)))))))))) .)) (TOP (NP Dee Ann Wilson)) (TOP (NP-LOC (NP Greenville) , (NP Miss) .)) (TOP (S (NP-SBJ Mobil Corp.) (VP is (PP-LOC-PRD in (NP (NP the midst) (PP of (S-NOM (NP-SBJ *) (VP cutting (PRT back) (NP (NP its exploration and production group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP finds and develops (NP oil and gas reserves) (PP-LOC in (NP the U.S.))))) ,) (PP-EXT by (NP (NP as much) (PP as (NP 15 %)))) (PP as (NP (NP part) (PP of (NP (NP a new restructuring) (PP of (NP (NP that sector) (PP of (NP its business)))))))))))))) .)) (TOP (S (NP-SBJ Management) (VP advised (NP employees) (NP-TMP Friday) (SBAR that (S (NP-SBJ-1 it) (VP was (VP going (S (NP-SBJ *-1) (VP to (VP reduce (NP employment) (PP-LOC in (NP (NP production operations) (PP of (NP the group)))) (PP-EXT by (NP (NP 8 %) , or (NP 400 people))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The exploration side) (PP of (NP the unit))) (VP has (ADVP-TMP recently) (VP undergone (NP (NP a similar overhaul) , (SBAR (WHPP-1 during (WHNP which)) (S (NP-SBJ it) (ADVP also) (VP lost (NP (QP as many as 400) employees) (PP-TMP *T*-1)))))))) , (NP-SBJ a company spokesman) (VP said (SBAR 0 (S *T*-2)) (PP in (NP (NP response) (PP to (NP questions))))) .)) (TOP (S (NP-SBJ (NP Mobil Exploration & Producing U.S. Inc.) , (NP (NP the group) (VP involved (NP *))) ,) (ADVP-TMP currently) (VP has (NP (NP a work force) (PP of (NP (QP somewhat less than 5,000))))) .)) (TOP (S (ADVP-TMP (NP A few years) ago) , (NP-SBJ Mobil) (VP restructured (NP the entire company) (PP-TMP during (NP an industrywide shakeout))) .)) (TOP (S But (PP-TMP since (NP then)) (S (NP-SBJ U.S. oil production) (VP has (VP declined))) and (S (NP-SBJ-1 Mobil) (VP wants (S (NP-SBJ *-1) (VP to (VP focus (NP its oil-finding efforts) (ADVP-LOC overseas)))))) .)) (TOP (S (NP-SBJ Mobil) (VP alluded (PP-CLR to (NP the work-force cuts)) (NP-TMP last week) (SBAR-TMP (WHADVP when) (S (NP-SBJ it) (VP (VP took (NP a (ADJP (QP $ 40 million) *U*) charge) (PP as (NP (NP part) (PP of (NP its third-quarter earnings))))) and (VP attributed (NP it) (PP-CLR to (NP a restructuring))))))) .)) (TOP (S (NP-SBJ Mobil officials) (VP said (SBAR that (S (NP-SBJ it) (VP is (ADJP-PRD unlikely (SBAR 0 (S (NP-SBJ-1 (NP any additional charges) (VP related (NP *) (PP-CLR to (NP this move)))) (VP will (VP be (VP taken (NP *-1) (PP-TMP in (NP future quarters)))))))))))) .)) (TOP (S (PP-TMP On (NP Wednesday)) , (NP-SBJ-1 Mobil) (VP will (VP begin (S (NP-SBJ *-1) (VP offering (NP (NP separation packages) and (NP voluntary retirement)))) (PP-LOC in (NP its U.S. production operation)))) .)) (TOP (S (NP-SBJ Mobil officials) (VP said (SBAR 0 (S (NP-SBJ they) (VP have (VP been (VP studying (NP (NP ways) (PP of (S-NOM (NP-SBJ *) (VP streamlining (NP these operations))))) (PP-TMP since (NP early this year)))))))) .)) (TOP (S (PP-TMP During (NP the coming months)) , (S (NP-SBJ-1 (NP layers) (PP of (NP management))) (VP will (VP be (VP peeled (NP *-1) (ADVP-CLR away))))) and (S (NP-SBJ regional offices) (VP will (VP become (ADJP-PRD more autonomous)))) .)) (TOP (S (S-TPC-2 (PP-PRP For (NP greater efficiency)) , (NP-SBJ-1 (NP employees) (PP-LOC at (NP those locations))) (VP will (VP be (VP reorganized (NP *-1) (PP-CLR into (NP (NP teams) (ADJP responsible (PP for (S-NOM (NP-SBJ *) (VP managing (NP (NP the properties) (PP-LOC under (NP their jurisdiction))))))))))))) , (NP-SBJ Mobil) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The main feature) (PP of (NP the new organization))) (VP is (SBAR-PRD that (S (NP-SBJ each local manager) (VP will (VP have (NP (NP both the authority and accountability) (PP for (NP (ADJP (ADJP profitable) and (ADJP technically sound)) operations))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Charles E. Spruell) , (NP (NP president) (PP of (NP the Mobil unit)))) .)) (TOP (S (NP-SBJ-1 (NP Field offices) (PP-LOC at (NP (NP New Orleans) ; (NP Houston) ; (NP Denver) ; (NP (NP Midland) , (NP Tex.)) ; (NP (NP Bakersfield) , (NP Calif.)) ; (NP Oklahoma City) ; and (NP (NP Liberal) , (NP Kan.) ,)))) (VP will (VP be (VP maintained (NP *-1)))) .)) (TOP (S But (NP-SBJ-1 (NP the staffs) (PP-LOC at (NP (NP some) (PP of (NP those locations))))) (VP will (VP be (VP slashed (NP *-1) (SBAR-ADV while (S (PP-LOC at (NP others)) (NP-SBJ-2 the work force) (VP will (VP be (VP increased (NP *-2))))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ-1 (NP employment) (PP-LOC in (NP Denver))) (VP will (VP be (VP reduced (NP *-1) (PP-DIR to (NP 105)) (PP-DIR from (NP 430))))) .)) (TOP (S But (PP-LOC on (NP the West Coast)) , (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ profitable oil production) (VP is (ADJP-PRD (ADJP more likely) (PP than (PP-LOC in (NP the midcontinent region)))) (ADVP-LOC *T*-1)))) , (NP-SBJ (NP the (NAC-LOC Bakersfield , Calif. ,) office staff) (PP of (NP 130))) (VP will (VP grow (PP-EXT by (NP 175)) (PP-DIR to (NP 305)))) .)) (TOP (S (S-TPC-1 (NP-SBJ The reorganization) (VP will `` (VP focus (PP-CLR on (NP (NP the value and potential) (PP of (NP assets))))))) , '' (NP-SBJ Mr. Spruell) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (FRAG (S-ADV (NP-SBJ-2 *) (VP Wanted (NP *-2))) : (NP (NP An investment) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP 's (ADJP-PRD (ADJP as simple and secure) (PP as (NP (NP a certificate) (PP of (NP deposit)))))) but (VP offers (NP (NP a return) (ADJP worth (S (NP-SBJ *) (VP getting (ADJP-PRD excited (PP about (NP *?*)))))))))))) .)) (TOP (S (PP With (S-NOM (NP-SBJ (NP (QP $ 150 billion) *U*) (PP of (NP CDs))) (VP maturing (NP-TMP this month)))) , (NP-SBJ (NP a lot) (PP of (NP people))) (VP have (VP been (VP scouring (NP the financial landscape) (PP-CLR for (NP just such an investment))))) .)) (TOP (S (PP-TMP In (NP April)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP many) (PP of (NP them))) (VP bought (NP their CDs) (ADVP-TMP *T*-1)))) , (S (NP-SBJ six-month certificates) (VP were (VP yielding (NP (QP more than 9) %)))) ; (S (NP-SBJ (NP investors) (ADJP willing (S (NP-SBJ *) (VP to (VP look))))) (VP could (VP find (NP double-digit yields) (PP-LOC at (NP some banks and thrifts))))) .)) (TOP (S (ADVP-TMP Now) , (S (NP-SBJ (NP the nationwide average yield) (PP on (NP a six-month CD))) (VP is (NP-PRD (QP just under 8) %))) , and (S (NP-SBJ 8.5 %) (VP is (NP-PRD (NP about the best) (ADVP-LOC around)))) .)) (TOP (S But (NP-SBJ (NP investors) (VP looking (PP-CLR for (NP alternatives)))) (VP are n't (VP finding (S (NP-SBJ it) (ADJP-PRD easy)))) .)) (TOP (S (NP-SBJ (NP Yields) (PP on (NP most fixed-income securities))) (VP are (ADJP-PRD (ADJP lower) (PP than (ADVP-TMP (NP several months) ago)))) .)) (TOP (S And (NP-SBJ (NP the stock market 's) recent gyrations) (VP are (NP-PRD (NP a painful reminder) (PP of (NP (NP the dangers) (ADVP-LOC there))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ you) (VP 're (VP looking (PP-CLR for (NP (NP a (ADJP significantly higher) yield) (PP with (NP (NP the same level) (PP of (NP risk)) (PP as (NP a CD)))))))))) , (NP-SBJ-2 you) (VP 're not (VP going (S (NP-SBJ *-2) (VP to (VP find (NP it))))))) , '' (VP says (S *T*-1)) (NP-SBJ Washington financial planner Dennis M. Gurtz) .)) (TOP (S (S-TPC-2 (NP-SBJ There) (VP are , (ADVP however) , (NP-PRD (NP some alternatives) (SBAR (WHNP-1 that) (S (NP-SBJ income-oriented investors) (VP should (VP consider (NP *T*-1)))))))) , (NP-SBJ investment advisers) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Short-term municipal bonds) , (NP bond funds) and (NP tax-deferred annuities)) (VP are (NP-PRD (NP some) (PP of (NP (NP the choices) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP mention (NP *T*-1) (FRAG -- and not (ADVP just) (PP-CLR as (NP (NP a way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP get (NP a higher return) (ADVP-MNR *T*-2))))))))))))))) .)) (TOP (S-2 (PP In (NP particular)) (PRN , (S (NP-SBJ advisers) (VP say (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-3 investors) (VP may (VP want (S (NP-SBJ *-3) (VP to (VP look (PP-CLR at (NP (NP securities) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP reduce (NP (NP the risk) (SBAR (WHNP-5 that) (S (NP-SBJ CD holders) (VP are (VP confronting (NP *T*-5) (ADVP-TMP right now))))) , (PP of (S-NOM (NP-SBJ-4 *) (VP having (S (NP-SBJ *-4) (VP to (VP reinvest (NP (NP the proceeds) (PP of (NP maturing short-term certificates))) (PP at (NP lower rates))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP A mix) (PP of (NP (NP CDs) and (NP other holdings)))) (VP may (VP make (NP the most sense))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ People) (VP should (VP remember (SBAR 0 (S (NP-SBJ their money) (VP is n't (ADVP-PRD all or nothing))))))) -- (S (NP-SBJ-1 they) (VP do n't (VP need (S (NP-SBJ *-1) (VP to (VP be (VP (VP shopping (PP-CLR for (NP the one interest-rate-type investment))) and (VP putting (NP all their money) (PP-PUT in (NP it))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NAC-LOC Bethesda , Md. ,) adviser Karen Schaeffer) .)) (TOP (SINV (ADVP-PRD-LOC-TPC-1 Here) (VP 's (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP a look) (PP at (NP (NP some) (PP of (NP the alternatives))))) :)) (TOP (NP-HLN SHORT-TERM MUNICIPALS :)) (TOP (S (NP-SBJ (NP Investors) (PP with (NP a heavy tax load))) (VP should (VP take (PRT out) (NP their calculators))) .)) (TOP (S (NP-SBJ (NP Yields) (PP on (NP municipal bonds))) (VP can (VP be (ADJP-PRD (ADJP higher) (PP than (NP (NP after-tax yields) (PP on (NP CDs))))) (PP for (NP (NP maturities) (PP of (NP (QP perhaps one to five) years)))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRP-PRD because (S (NP-SBJ municipal-bond interest) (VP is (ADJP-PRD exempt (PP (PP from (NP federal income tax)) -- and (PP from (NP state and local taxes) (ADVP too)))) , (PP for (NP in-state investors)))))) .)) (TOP (S (PP For (NP (NP an investor) (VP paying (NP tax) (PP-CLR at (NP a (ADJP 33 %) rate))))) , (NP-SBJ (NP a (ADJP seemingly puny) (ADJP 6 %) yield) (PP on (NP a one-year muni))) (VP is (ADJP-PRD equivalent (PP to (NP a taxable 9 %)))) .)) (TOP (S (NP-SBJ (NP Rates) (PP *ICH*-1)) (VP approach (NP 6.5 %) (PP-1 on (NP five-year municipals))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP the (ADJP more cautious) CD holders))) (VP might (VP like (NP `` pre-refunded '' municipals))) .)) (TOP (S (NP-SBJ These securities) (VP get (NP top credit ratings) (SBAR-PRP because (S (NP-SBJ the issuers) (VP have (VP put (PRT aside) (NP (NP U.S. bonds) (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP will (VP be (VP sold (NP *-4) (S-PRP (NP-SBJ *) (VP to (VP pay (PRT off) (NP holders)))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 the municipals) (VP are (VP retired (NP *-1) (ADVP-TMP *T*-3)))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ It) (VP 's (NP-PRD a no-brainer))) : (S (S (NP-SBJ-2 You) (VP do n't (VP have (S (NP-SBJ *-2) (VP to (VP worry (PP-CLR about (NP diversification)))))))) ; (S (NP-SBJ-3 you) (VP do n't (VP have (S (NP-SBJ *-3) (VP to (VP worry (PP-CLR about (NP quality)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Steven J. Hueglin) , (NP (NP executive vice president) (PP of (NP (NP the New York bond firm) (PP of (NP Gabriele , Hueglin & Cashman Inc)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ *) (VP Consider (NP (NP a `` laddered '' bond portfolio) , (PP with (NP (NP issues) (VP maturing (PP-TMP in (PRN , (ADVP say) ,) (NP 1992 , 1993 and 1994)))))))) , (VP advises (SBAR 0 (S *T*-1))) (NP-SBJ (NP Malcolm A. Makin) , (NP a (NAC-LOC Westerly , R.I. ,) financial planner)) .)) (TOP (S (NP-SBJ The idea) (VP is (S-PRD (NP-SBJ *) (VP to (VP have (S (NP-SBJ money) (VP rolling (PRT over) (NP-TMP each year) (PP-CLR at (NP prevailing interest rates)))))))) .)) (TOP (NP-HLN BOND FUNDS :)) (TOP (S (NP-SBJ Bond mutual funds) (VP (VP offer (NP diversification)) and (VP are (ADJP-PRD easy (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP buy and sell (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ That) (VP makes (S (NP-SBJ them) (NP-PRD a reasonable option)) (PP for (NP (NP investors) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP will (VP accept (NP (NP some risk) (PP of (NP price fluctuation))) (SBAR-PRP in order (S (NP-SBJ *-2) (VP to (VP make (NP a bet (SBAR that (S (NP-SBJ interest rates) (VP will (VP decline (PP-TMP over (NP the next year (QP or so))))))))))))))))))) .)) (TOP (S (NP-SBJ Buyers) (VP can (VP look (PRT forward) (PP-CLR to (NP double-digit annual returns)) (SBAR-ADV if (S (NP-SBJ they) (VP are (ADJP-PRD right)))))) .)) (TOP (S But (NP-SBJ they) (VP will (VP have (NP (NP disappointing returns) or (ADVP even) (NP losses)) (SBAR-ADV if (S (NP-SBJ interest rates) (VP rise (ADVP instead)))))) .)) (TOP (S (NP-SBJ (NP Bond resale prices) , and (ADVP thus) (NP fund share prices) ,) (VP move (PP-DIR in (NP (NP the opposite direction) (PP from (NP rates))))) .)) (TOP (S (NP-SBJ The price movements) (VP get (ADJP-PRD bigger) (SBAR-TMP as (S (NP-SBJ (NP the maturity) (PP of (NP the securities))) (VP lengthens)))) .)) (TOP (S (NP-SBJ *) (VP Consider , (PP for (NP instance)) , (NP (NP two bond funds) (PP from (NP (NP Vanguard Group) (PP of (NP Investment Cos.)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP were both (VP yielding (NP 8.6 %) (PP-TMP on (NP a recent day)))))))) .)) (TOP (S (NP-SBJ (NP The Short Term Bond Fund) , (PP with (NP (NP an average maturity) (PP of (NP (QP 2 1) years)))) ,) (VP would (VP (VP deliver (NP-1 (NP a total return) (PP for (NP one year)) (PP of (NP (QP about 10.6) %))) (SBAR-ADV-2 if (S (NP-SBJ rates) (VP drop (NP-EXT one percentage point))))) and (VP (NP=1 (NP a one-year return) (PP of (NP (QP about 6.6) %))) (SBAR-ADV=2 if (S (NP-SBJ rates) (VP rise (PP-EXT by (NP the same amount)))))))) .)) (TOP (S But , (PP-LOC in (NP the same circumstances)) , (NP-SBJ the returns) (VP would (VP be (NP-PRD a (ADJP more extreme) (NX (NX 14.6 %) and (NX 2.6 %))) (PP for (NP (NP the Vanguard Bond Market Fund) , (PP with (NP its (ADJP 12 1) average maturity)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ You) (VP get (NP equity-like returns) '' (PP from (NP bonds)) (SBAR-ADV if (S (NP-SBJ you) (VP guess (ADVP-MNR right) (PP-CLR on (NP rates))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP James E. Wilson) , (NP a (NAC-LOC Columbia , S.C. ,) planner)) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ interest rates) (VP do n't (VP change)))) , (NP-SBJ (NP bond fund investors ') returns) (VP will (VP be (ADJP-PRD about equal (PP to (NP (NP the funds ') current yields))))) .)) (TOP (NP-HLN DEFERRED ANNUITIES :)) (TOP (S (NP-SBJ These insurance company contracts) (VP feature (NP (NP (NP some) (PP of (NP (NP the same tax benefits and restrictions) (PP as (NP non-deductible individual retirement accounts))))) : (S (S (NP-SBJ-1 Investment gains) (VP are (VP compounded (NP *-1) (PP without (NP tax consequences)) (SBAR-TMP until (S (NP-SBJ-2 money) (VP is (VP withdrawn (NP *-2)))))))) , but (S (NP-SBJ-3 a (ADJP 10 %) penalty tax) (VP is (VP imposed (NP *-3) (PP-CLR on (NP (NP withdrawals) (VP made (NP *) (PP-TMP before (NP age (QP 59 1)))))))))))) .)) (TOP (SINV (VP-TPC-1 Aimed (NP *-2) (ADVP-MNR specifically) (PP-CLR at (NP CD holders))) (VP are (VP *T*-1)) (NP-SBJ-2 (NP so-called CD-type annuities) , or (NP (NP certificates) (PP of (NP annuity)))) .)) (TOP (S (NP-SBJ-1 An interest rate) (VP is (VP guaranteed (NP *-1) (PP-CLR for (NP (QP between one and seven) years)) , (SBAR-TMP (WHPP-4 after (WHNP which)) (S (NP-SBJ holders) (VP get (NP (NP 30 days) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP (VP to (VP choose (NP another guarantee period))) or (VP to (VP switch (PP-CLR to (NP (NP another insurer 's) contract)) (PP without (NP (NP the surrender charges) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP are (ADJP-PRD common (PP to (NP annuities)))))))))) (ADVP-TMP *T*-3))))) (PP-TMP *T*-4)))))) .)) (TOP (S (NP-SBJ Some current rates) (VP exceed (NP (NP those) (PP on (NP CDs)))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ (NP a CD-type annuity) (PP from (NP (NP (NP North American Co.) (PP for (NP Life & Health Insurance))) , (NP-LOC Chicago) ,))) (VP (VP offers (NP-1 (ADJP 8.8 %) interest) (PP-2 for (NP one year))) or (VP (NP=1 a (ADJP 9 %) rate) (PP=2 for (NP two years)))) .)) (TOP (S (NP-SBJ Annuities) (VP are (ADVP-TMP rarely) (NP-PRD a good idea) (PP-TMP at (NP age 35)) (PP-PRP because of (NP the withdrawal restrictions))) .)) (TOP (SINV (S-TPC-1 But (PP-TMP at (NP age 55)) , `` (NP-SBJ they) (VP may (VP be (NP-PRD a great deal)))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Mr. Wilson) , (NP the (NAC-LOC Columbia , S.C. ,) planner)) .)) (TOP (NP-HLN MONEY MARKET FUNDS :)) (TOP (UCP (S (NP-SBJ That) (VP 's (ADJP-PRD right))) , (NP money market mutual funds) .)) (TOP (S (NP-SBJ The conventional wisdom) (VP is (S-PRD (NP-SBJ *) (VP to (VP (VP go (PP-CLR into (NP money funds)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ rates) (VP are (VP rising (ADVP-TMP *T*-1)))))) and (VP shift (ADVP-CLR out) (PP-TMP at (NP (NP times) (PP such as (NP the present)) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-3 rates) (VP seem (VP headed (NP *-3) (ADVP-DIR down) (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (PP With (NP (NP average maturities) (PP of (NP a month (QP or so))))) , (NP-SBJ money funds) (VP offer (NP (NP fixed share prices) and (NP (NP floating returns) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP track (NP market interest rates) , (PP-MNR with (NP a slight lag)))))))) .)) (TOP (SINV (S-TPC-1 (ADVP Still) , (NP-SBJ (NP today 's) highest-yielding money funds) (VP may (VP beat (NP CDs) (PP-TMP over (NP the next year)) (SBAR-ADV (ADVP even) if (S (NP-SBJ rates) (VP fall)))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Guy Witman) , (NP (NP an editor) (PP of (NP (NP the Bond Market Advisor newsletter) (PP-LOC in (NP Atlanta)))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRD because (S (NP-SBJ top-yielding funds) (ADVP-TMP currently) (VP offer (NP (NP yields) (PP (NP-ADV (QP almost 1 1) percentage points) above (NP the average CD yield))))))) .)) (TOP (S (NP-SBJ Mr. Witman) (VP likes (NP (NP the Dreyfus Worldwide Dollar Money Market Fund) , (PP with (NP (NP a seven-day compound yield) (PP (ADVP just) under (NP 9.5 %)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD A new fund)) , (NP-SBJ-1 its operating expenses) (VP are (VP being (ADVP-TMP temporarily) (VP subsidized (NP *-1) (PP by (NP-LGS the sponsor))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ *) (VP Try (VP combining (NP (NP a money fund) and (NP an intermediate-term bond fund)) (PP-CLR as (NP (NP a low-risk bet) (PP on (NP falling rates))))))) , (VP suggests (SBAR 0 (S *T*-1))) (NP-SBJ (NP Back Bay Advisors Inc.) , (NP (NP a mutual fund unit) (PP of (NP New England Insurance Co)))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ rates) (ADVP unexpectedly) (VP rise))) , (NP-SBJ (NP the increasing return) (PP on (NP the money fund))) (VP will (VP (ADVP-MNR partly) offset (NP (NP the lower-than-expected return) (PP from (NP the bond fund))))) .)) (TOP (S (NP-SBJ (NP Federal drug regulators) , (ADJP concerned (PP over (NP British reports (SBAR that (S (NP-SBJ-1 diabetics) (VP have (VP died (PP-TMP after (S-NOM (NP-SBJ *-1) (VP shifting (PP-CLR from (ADJP animal)) (PP-CLR to (NP human-based insulin)))))))))))) ,) (VP say (SBAR 0 (S (NP-SBJ they) (VP are (VP considering (NP (NP a study) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP see (SBAR if (S (NP-SBJ similar deaths) (VP have (VP occurred (ADVP-LOC here))))))))))))))) .)) (TOP (S (NP-SBJ The United Kingdom reports) (VP came (PP-DIR from (NP (NP Dr. Patrick Toseland) , (NP (NP head) (PP of (NP clinical chemistry)) (PP-LOC at (NP (NP (NP Guy 's) Hospital) (PP-LOC in (NP London)))))))) .)) (TOP (S (PP-LOC In (NP a telephone interview)) (NP-TMP Friday) , (NP-SBJ Dr. Toseland) (VP said (SBAR 0 (S (NP-SBJ (NP the number) (PP of (NP (NP sudden , unexplained deaths) (PP of (NP diabetics)))) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP had (VP seen (NP *T*-1) (NP-TMP this year)))))) (VP was (NP-PRD (NP 17) (PP compared (PP with (NP (NP just two) (PP-TMP in (NP 1985)))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP (QP At least six)) (PP of (NP the deaths))) (VP occurred (PP-LOC among (NP (NP (ADJP relatively young) diabetics) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP switched (PP-CLR from (NP animal)) (PP-CLR to (NP human insulin)) (PP-TMP within (NP the past year)))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Dr. Solomon Sobel) , (NP (NP director) (PP of (NP metabolism and endrocrine drug products)) (PP for (NP the U.S. Food and Drug Administration))) ,) (VP said (SBAR 0 (S (NP-SBJ FDA officials) (VP have (VP discussed (NP (NP Dr. Toseland 's) findings) `` (ADVP-MNR fairly intensively)))))) . '')) (TOP (S (SBAR-ADV While (S (NP-SBJ there) (VP have (VP been (NP-PRD (NP no reports) (PP of (NP (NP similar sudden unexplained deaths) (PP-LOC among (NP (NP diabetics) (PP-LOC in (NP the U.S.))))))))))) , (NP-SBJ Dr. Sobel) (VP said (SBAR 0 (S (NP-SBJ-1 the FDA) (VP (VP plans (S (NP-SBJ *-1) (VP to (VP examine (NP (NP Dr. Toseland 's) evidence))))) and (VP is (VP considering (NP (NP its own study) (ADVP-LOC here)))))))) .)) (TOP (S (NP-SBJ (NP Dr. Toseland) , (NP a toxicologist) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP was (VP preparing (NP-2 an article) (PP-CLR for (NP a British forensic medical journal)) (S-ADV (NP-SBJ *-2) (VP raising (NP the possibility (SBAR that (S (NP-SBJ the deaths) (VP may (VP have (VP occurred (SBAR-TMP after (S (NP-SBJ human insulin) (VP blunted (NP (NP critical warning signs) (VP indicating (NP (NP (NP hypoglycemia) , or (NP low blood sugar) ,) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP can (VP kill (NP diabetics)))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The usual warning signs) (PP of (NP hypoglycemia))) (VP include (NP sweating , anxiety and cramps)) .)) (TOP (S (PP With (NP proper warning)) , (NP-SBJ-1 diabetics) (VP can (VP (ADVP-MNR easily) raise (NP their blood sugar) (PP-CLR to (NP safe levels)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP eating (NP (NP sugar) or (NP sugary food))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The anecdotal data) (ADVP certainly) (VP shows (SBAR that (S (NP-SBJ (NP some) (PP of (NP the people))) (VP were not (ADJP-PRD aware (PP of (NP (NP the rapid onset) (PP of (NP hypoglycemia)))))))))) , '' (NP-SBJ Dr. Toseland) (VP said (S *T*-1)) .)) (TOP (S (PP-LOC At (NP (NP the U.S. National Institutes) (PP of (NP Health)))) , (NP-SBJ (NP Dr. Robert E. Silverman) , (NP (NP chief) (PP of (NP the diabetes program branch))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP no evidence) (PP of (NP (NP unexpected deaths) (PP from (NP hypoglycemia))))) (VP had (VP shown (PRT up) (PP-LOC in (NP (NP a study) (PP of (NP 1,500 diabetics)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP been (PP-PRD under (NP way)) (PP-LOC at (NP NIH)) (PP-TMP for (NP five years))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ (NP officials) (VP conducting (NP the study))) (VP had n't (VP been (VP looking (PP-CLR for (NP (NP signs) (PP of (NP (NP problems) (ADJP related (PP to (NP hypoglycemia unawareness))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP are (ADVP-TMP now) (VP monitoring (PP-CLR for (NP it)) (ADVP-MNR much more closely)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP do (VP know (SBAR 0 (S (NP-SBJ there) (VP are (NP-PRD (NP slight differences) (PP-LOC in (NP (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ (ADJP human and animal) insulins) (VP drive (PRT down) (NP blood sugar) (ADVP-MNR *T*-2))))))))))))) , '' (NP-SBJ Dr. Sobel) (VP said (S *T*-1)) .)) (TOP (S (S-TPC-1 (NP-SBJ The human-based drug) (VP (VP starts (NP the blood sugar dropping) (ADVP-TMP sooner)) and (VP drives (NP it) (PRT down) (ADVP-MNR faster)))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 But (NP-SBJ we) (VP do n't (VP believe (SBAR 0 (S (NP-SBJ there) (VP is (ADJP-PRD enough (PP of (NP a difference)) (S (NP-SBJ *) (VP to (VP be (ADJP-PRD clinically significant))))))))))) , '' (NP-SBJ Dr. Sobel) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Reports) (PP of (NP (NP Dr. Toseland 's) findings)) (PP-LOC in (NP the British press))) (VP have (VP triggered (NP widespread concern) (PP-LOC among (NP (NP diabetics) (ADVP-LOC there))))) .)) (TOP (S (NP-SBJ Both (NP the British Diabetic Association) and (NP (NP the Committee) (PP on (NP (NP Safety) (PP-LOC in (NP Medicines)))) (PRN -- (NP (NP (NP Britain 's) equivalent) (PP of (NP the U.S. FDA))) --))) (ADVP-TMP recently) (VP issued (NP (NP statements) (VP noting (NP (NP the lack) (PP of (NP (NP hard scientific evidence) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP support (NP (NP Dr. Toseland 's) findings))))))))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ the American Diabetes Association) (VP issued (NP (NP a similar statement) (VP urging (NP-1 the (QP six million) U.S. diabetics) (S (NP-SBJ *-1) not (VP to (VP overreact (PP-CLR to (NP the British report)))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP A loss) (PP of (NP (NP the warning symptoms) (PP of (NP hypoglycemia))))) (VP is (NP-PRD (NP a complex problem) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP is (ADJP-PRD very unlikely (S (NP-SBJ *-3) (VP to (VP be (ADVP-PRD due (PP (ADVP simply) to (NP (NP the type) (PP of (NP insulin)) (VP used (NP *))))))))))))))) , '' (NP-SBJ the American association) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ The FDA) (ADVP-TMP already) (VP requires (S (NP-SBJ drug manufacturers) (VP to (VP include (NP warnings (SBAR *ICH*-1)) (PP-CLR with (NP insulin products)) (SBAR-1 that (S (NP-SBJ (NP symptoms) (PP of (NP hypoglycemia))) (VP are (ADJP-PRD (ADJP less pronounced) (PP with (NP human insulin)) (PP than (PP with (NP animal-based products))))))))))) .)) (TOP (S (NP-SBJ (NP Eli Lilly & Co.) , (NP the Indianapolis-based drug manufacturer) ,) (VP dominates (NP the U.S. human insulin market) (PP with (NP (NP its product) (VP known (NP *) (PP-CLR as (NP Humulin)))))) .)) (TOP (S (NP-SBJ Lilly) (VP is (VP building (NP (NP plants) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP make (NP the insulin) (ADVP-LOC *T*-1)))))) (PP-LOC in (NP (NP Indianapolis) and (NP (NP Fagershein) , (NP-LOC France)))))) .)) (TOP (S (PP-LOC In (NP its latest annual report)) , (NP-SBJ Lilly) (VP said (SBAR 0 (S (NP-SBJ Humulin sales) (VP have (VP shown `` (NP excellent growth)))))) . '')) (TOP (S (NP-SBJ Lilly officials) (VP (VP said (SBAR 0 (S (NP-SBJ they) (VP had (VP seen (NP (NP reports) (PP of (NP (NP hypoglycemic unawareness) (PP-LOC among (NP (NP some patients) (VP making (NP (NP the shift) (PP from (ADJP animal)) (PP to (NP human insulin)))))))))))))) , but (VP did n't (VP know (SBAR if (S (NP-SBJ the problem) (VP had (VP caused (NP any deaths)))))))) .)) (TOP (S (NP-SBJ (NP Dr. Leigh Thompson) , (NP a Lilly group vice president) ,) (VP said (SBAR 0 (S (NP-SBJ (NP (NP the company 's) clinical trials) (PP of (NP both its (ADJP animal and human-based) insulins))) (VP indicated (NP (NP no difference) (PP-LOC in (NP (NP the level) (PP of (NP hypoglycemia)))) (PP-LOC between (NP (NP users) (PP of (NP either product))))))))) .)) (TOP (S (NP-SBJ Dr. Toseland) (VP said (SBAR 0 (S (NP-SBJ (NP most) (PP of (NP the British diabetics)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP died)))) (VP had (VP been (VP taking (NP (NP a human-based insulin) (VP made (NP *) (PP by (NP-LGS (NP Novo/Nordisk) , (NP a Danish manufacturer))))))))))) .)) (TOP (S (NP-SBJ (NP None) (PP of (NP the diabetics))) (VP were (VP using (NP (NP Lilly 's) insulin))) .)) (TOP (S (NP-SBJ SharesBase Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP reduce (NP its 221-person work force) (PP-EXT by (NP (QP about 25) %)) , (ADJP effective (NP-TMP tomorrow)) , (PP in (NP an effort (S (NP-SBJ *) (VP to (VP stem (NP continuing losses))))))))))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP data base systems and software)))) ,) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP expects (S (NP-SBJ *-2) (VP to (VP report (NP a loss) (PP for (NP (NP the third quarter) (VP ended (NP-TMP Sept. 30))))))))))) .)) (TOP (S (NP-SBJ Defense intellectuals) (VP have (VP complained (PP-TMP for (NP years)) (SBAR that (S (NP-SBJ the Pentagon) (VP can not (VP determine (NP priorities) (SBAR-PRP because (S (NP-SBJ it) (VP has (NP no strategy)))))))))) .)) (TOP (S (NP-TMP Last April) , (NP-SBJ (NP the new defense secretary) , (NP Richard Cheney) ,) (VP acknowledged (SBAR that , `` (S (PP given (NP an ideal world)) , (NP-SBJ we) (VP 'd (VP have (NP a nice , neat , orderly process)))))) .)) (TOP (S (S (NP-SBJ We) (VP 'd (VP do (NP the strategy)))) and (S (ADVP then) (NP-SBJ we) (VP 'd (VP (VP come (ADVP-CLR around)) and (VP do (NP the budget))))) .)) (TOP (S (NP-SBJ This city) (VP does n't (VP work (NP-MNR that way))) . '')) (TOP (S (PP With (NP (NP a five-year defense plan) (VP costing (NP (QP more than $ 1.6 trillion) *U*)))) , (NP-SBJ it) (VP 's (NP-PRD (NP about time) (SBAR (WHADVP-2 0) (S (NP-SBJ we) (VP put (PRT together) (NP (NP a defense strategy) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP works (PP-LOC in (NP Washington)))))) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ This) (VP wo n't (VP happen (SBAR-TMP until (S (NP-SBJ-1 strategists) (VP (VP come (ADVP-DIR down (PP from (NP their ivory tower)))) and (VP learn (S (NP-SBJ *-1) (VP to (VP work (PP-LOC in (NP (NP the real world) (PP of (NP (NP limited budgets) and (NP uncertain futures)))))))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ it) (VP is (ADJP-PRD *?*)))) , (S (NP-SBJ-2 we) (VP identify (NP (NP national goals) and (NP (NP the threats) (PP to (NP these goals)))))) , (S (NP-SBJ we) (VP shape (NP (NP a strategy) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP counter (NP these threats) (ADVP-MNR *T*-1)))))))) , (S (NP-SBJ we) (VP determine (NP (NP the forces) (VP needed (NP-3 *) (S-CLR (NP-SBJ *-3) (VP to (VP execute (NP the strategy)))))))) , (PP-TMP before (S-NOM (ADVP-TMP finally) (NP-SBJ *-2) (VP forging (NP (NP the budgets) (VP needed (NP *) (S-CLR (NP-SBJ *) (VP to (VP build and maintain (NP the forces))))))))) .)) (TOP (S (S (NP-SBJ These procedures) (VP (VP consume (NP (NP millions) (PP of (NP (NP man-hours) (PP of (NP labor)))))) and (VP produce (NP (NP tons) (PP of (NP paper)))))) , and (S (NP-TMP each year) , (NP-SBJ (NP their end product) (PRN -- (NP the Five Year Defense Plan) --)) (ADVP-TMP promptly) (VP melts (ADVP-CLR away))) .)) (TOP (S (NP-SBJ (NP The graph) (PP-LOC on (NP the left))) (VP shows (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ this) (VP happens (ADVP-MNR *T*-1)))) (PRN -LRB- (S (NP-SBJ *) (VP see (NP (NP accompanying illustration) -- (NP-LOC (NP-TTL WSJ) (NP-TMP Oct. 30 , 1989))))) -RRB-)) .)) (TOP (S (NP-SBJ *) (VP Compare (NP the past eight five-year plans) (PP-CLR with (NP actual appropriations))) .)) (TOP (S (NP-SBJ (NP The Pentagon 's) strategists) (VP produce (NP (NP budgets) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (ADVP simply) (VP can not (VP be (VP executed (NP *-1) (SBAR-PRP because (S (NP-SBJ they) (VP assume (SBAR 0 (S (NP-SBJ a defense strategy) (VP depends (PP-CLR (ADVP only) on (NP goals and threats))))))))))))))) .)) (TOP (S (NP-SBJ Strategy) , (ADVP however) , (VP is (PP-PRD about (NP (NP possibilities) , not (NP hopes and dreams)))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP ignoring (NP costs)))) , (NP-SBJ-1 U.S. strategists) (VP abdicate (NP (NP their responsibility) (PP for (NP hard decisions)))) .)) (TOP (S (NP-SBJ That) (VP puts (NP the real strategic decisions) (PP-PUT in (NP (NP the hands) (PP of (NP (NP others) : (NP (NP bean counters) , (NP budgeteers) , and (NP pork-barrelers))))))) .)) (TOP (S (NP-SBJ These people) (VP have (NP different agendas)) .)) (TOP (S And (PP-PRP as (NP a result)) (PRN -- (SBAR-MNR as (S (NP-SBJ (NP the recent vote (S *ICH*-1)) (PP by (NP the House)) (S-1 (NP-SBJ *) (VP to (VP undo (NP (NP Mr. Cheney 's) program terminations))))) (VP suggests (SBAR 0 (S *?*))))) --) (NP-SBJ (NP the preservation) (PP of (NP jobs))) (VP is (VP becoming (NP-PRD (NP the real goal) (PP of (NP defense `` strategy))))) . '')) (TOP (SBARQ (WHADVP-1 How) (SINV can (NP-SBJ we) (VP turn (NP this situation) (ADVP-CLR around) (ADVP-MNR *T*-1))) ?)) (TOP (S (NP-SBJ Reform) (VP starts (PP-LOC in (NP the Pentagon))) .)) (TOP (S (NP-SBJ Strategists) (VP should (VP consider (NP (NP the impact) (PP of (NP budget uncertainties))) (PP-TMP at (NP (NP the beginning) (PP of (NP the planning process)))))) .)) (TOP (S (NP-SBJ-2 They) (VP ought (S (NP-SBJ *-2) (VP to (VP examine (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ (NP a range) (PP of (NP (ADJP optimistic to pessimistic) budget scenarios))) (VP would (VP change (NP the defense program) (ADVP-MNR *T*-1))))))))) .)) (TOP (S (NP-SBJ-1 They) (VP would (ADVP-TMP then) (VP develop (NP priorities) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP identifying (NP the (ADJP least painful) program cuts) (SBAR-TMP as (S (NP-SBJ they) (VP moved (PP-DIR (PP from (ADJP higher)) (PP to (NP lower budgets))))))))))) .)) (TOP (S (NP-SBJ They) (VP would (ADVP also) (VP identify (NP (NP the best way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP add (NP programs) (ADVP-MNR *T*-1) , (SBAR-ADV (SINV should (NP-SBJ the budget) (VP come (ADVP-CLR in) (PP-MNR at (NP higher levels)))))))))))) .)) (TOP (S (NP-SBJ (NP This kind) (PP of (NP contingency analysis))) (VP is (ADJP-PRD common) (PP-LOC in (NP (NP war planning) and (NP business planning)))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP no reason) (SBAR (WHADVP-2 that) (S (NP-SBJ-1 it) (VP can not (VP be (VP done (NP *-1) (PP-CLR for (NP defense planning)) (ADVP-PRP *T*-2)))))))) .)) (TOP (S (NP-SBJ Two steps) (VP are (ADJP-PRD necessary) (S-PRP (NP-SBJ *) (VP to (VP translate (NP this idea) (PP-CLR into (NP action)))))) .)) (TOP (S (NP-SBJ Step 1) (VP cleans (PRT up) (NP our books)) .)) (TOP (S (NP-SBJ Our five-year plan) (VP contains (NP (NP three accounting devices) (PRN -- (NP (NP negative money) , (NP an (ADJP above guidance) management reserve) and (NP optimistic inflation estimates)) --) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP understate (NP (NP the spending) (SBAR (WHNP-2 0) (S (NP-SBJ the Pentagon) (VP has (VP committed (NP itself) (PP-CLR to (NP *T*-2)) (PP-EXT by (NP (QP almost $ 100 billion) *U*)))))))))))) .)) (TOP (S (NP-SBJ-95 Negative money) (VP was (VP invented (NP *-95) (PP-TMP in (NP 1988)) (S-PRP (NP-SBJ *) (VP to (VP make (S (NP-SBJ the 1990-94 Five Year Defense Plan) (VP conform (PP-CLR to (NP (NP the numbers) (PP-LOC in (NP (NP (NP President Reagan 's) final budget submission) (PP to (NP Congress))))))))))))) .)) (TOP (S (NP-SBJ That plan) (VP exceeded (NP (NP the numbers) (VP contained (NP *) (PP-LOC-CLR in (NP his budget message)))) (PP-EXT by (NP (QP $ 45 billion) *U*))) .)) (TOP (S (S-PRP (NP-SBJ *-3) (VP To (VP make (S (NP-SBJ the books) (VP balance , (SBAR-ADV as (S (NP-SBJ-4 *) (VP is (VP required (NP *-4) (PP by (NP-LGS law))))))))))) , (NP-SBJ-3 somebody) (VP invented (NP (NP a new budget line item) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (ADVP simply) (VP subtracted (NP (QP $ 45 billion) *U*)))))) .)) (TOP (S (NP-SBJ-1 It) (VP is (VP known (NP *-1) (PP-LOC in (NP the Pentagon)) (PP-CLR as (NP the `` negative wedge)))) . '')) (TOP (S (NP-SBJ The Pentagon) (VP argues (SBAR that (S (NP-SBJ the negative wedge) (VP is (NP-PRD (NP the net effect) (PP of (NP (NP (NP (QP $ 22 billion) *U*) (PP in (NP (NP the as-yet unidentified procurement reductions) (SBAR (WHNP-3 that) (S (NP-SBJ-4 it) (VP intends (S (NP-SBJ *-4) (VP to (VP find (NP *T*-3) (PP-TMP in (NP future years))))))))))) and (NP (NP (QP $ 23 billion) *U*) (PP in (NP (NP an `` (ADJP above guidance) '' management reserve) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP accounts (PP-CLR for (NP (NP undefined programs) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP will (VP materialize (PP-TMP in (NP the future))))))))))))))))))))) .)) (TOP (S (NP-SBJ The 1990 plan) (ADVP also) (VP assumes (SBAR 0 (S (NP-SBJ inflation) (VP will (VP decline (PP-DIR to (NP 1.7 %)) (PP-TMP by (NP 1994))))))) .)) (TOP (S (NP-SBJ (NP Most forecasters) , (PP including (NP (NP those) (PP-LOC in (NP the Congressional Budget Office)))) ,) (VP assume (SBAR 0 (S (NP-SBJ inflation) (VP will (VP be (NP-PRD (QP in excess of 4) %) (PP-TMP in (NP (NP each) (PP of (NP those five years))))))))) .)) (TOP (S (PP At (NP that rate)) , (NP-SBJ-1 the defense plan) (VP is (VP underfunded (NP *-1) (PP-EXT by (NP (QP $ 48 billion) *U*)))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ-1 *-2) (VP (VP adding (NP the negative wedge)) and (VP recalculating (NP the remaining program) (S-ADV (NP-SBJ *-1) (VP using (NP a (ADJP more probable) inflation estimate))))))) , (NP-SBJ-2 we) (VP arrive (PP-CLR at (NP (NP a baseline program) (VP costing (NP (QP $ 1.7 trillion) *U*) (PP-TMP between (NP 1990 and 1994)))))) .)) (TOP (S (NP-SBJ Step 2) (VP examines (SBAR (SBAR (WHADVP-1 how) (S (NP-SBJ four (ADJP progressively lower) budget scenarios) (VP would (VP change (NP the baseline) (ADVP-MNR *T*-1))))) and (SBAR (WHADVP-2 how) (S (NP-SBJ these changes) (VP would (VP affect (NP our national security) (ADVP-MNR *T*-2))))))) .)) (TOP (S (NP-SBJ (NP The graph) (PP-LOC on (NP the right)) (PRN -LRB- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP assumes (NP (NP a (ADJP 4 %) rate) (PP of (NP inflation)))))) -RRB-)) , (VP places (NP these scenarios) (PP-CLR in (NP (NP the context) (PP of (NP (NP recent appropriations) (PRN -LRB- (S (NP-SBJ *) (VP see (NP (NP accompanying illustration) -- (NP-LOC (NP WSJ) (NP-TMP Oct. 30 , 1989))))) -RRB-)))))) .)) (TOP (S (NP-SBJ *) (VP Note (SBAR (WHADVP-1 how) (S (NP-SBJ the baseline program) (VP assumes (NP (NP a sharp increase) (PP-LOC in (NP future appropriations))) (ADVP-MNR *T*-1))))) .)) (TOP (S (NP-SBJ Step 2) (VP will (VP answer (NP (NP the question) : (SBARQ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP happens (SBAR-ADV if (S (NP-SBJ these increases) (VP do not (VP materialize)))))) ?)))))) (TOP (S (S (NP-SBJ (NP Scenario 1) , (VP known (NP *) (PP-CLR as (NP the `` (NX-TTL Constant Dollar Freeze)))) , '') (VP reimburses (NP the Pentagon) (PP-CLR for (NP inflation) (ADVP only)))) -- (S (NP-SBJ it) (VP slopes (ADVP-DIR upward) (PP at (NP (NP 4 %) (PP per (NP year)))))) .)) (TOP (S (S (NP-SBJ This scenario) (VP has (VP been (NP-PRD (NP the rough position) (PP of (NP the U.S. Senate))) (PP-TMP since (NP 1985))))) , and (S (NP-SBJ it) (VP reduces (NP the baseline) (PP-EXT by (NP (QP $ 106 billion) *U*)) (PP-TMP between (NP 1990 and 1994)))) .)) (TOP (S (NP-SBJ (NP Scenario 3) , (NP the `` (NX-TTL Current Dollar Freeze)) , '') (VP has (VP been (NP-PRD (NP the approximate position) (PP of (NP (NP the House) (PP of (NP Representatives))))) (PP-TMP for (NP (QP about four) years)))) .)) (TOP (S (NP-SBJ It) (VP (VP freezes (NP the budget) (PP-CLR at (NP its current level))) , and (VP forces (S (NP-SBJ the Pentagon) (VP to (VP eat (NP (NP the effects) (PP of (NP inflation))) (PP-TMP until (NP 1994))))))) .)) (TOP (S (NP-SBJ This) (VP reduces (NP the baseline) (PP-EXT by (NP (QP $ 229 billion) *U*))) .)) (TOP (S (S (NP-SBJ Scenario 2) (VP extends (NP (NP the recent compromises) (PP between (NP (NP the House) and (NP the Senate)))))) ; (S (NP-SBJ-1 it) (VP splits (NP (NP the difference) (PP-LOC between (NP Scenarios 1 and 3))) , (PP-MNR by (S-NOM (NP-SBJ *-1) (VP increasing (NP the budget) (PP at (NP (NP 2 %) (PP per (NP year))))))))) .)) (TOP (S (NP-SBJ It) (VP reduces (NP the baseline) (PP-EXT by (NP (QP $ 169 billion) *U*))) .)) (TOP (S (ADVP-TMP Finally) , (NP-SBJ Scenario 4) (VP reduces (NP the budget) (PP-EXT by (NP (NP (NP 2 %) (PP per (NP year))) (NP *ICH*-1))) (PP-TMP for (NP the next five years)) -- (NP-1 (NP a total reduction) (PP of (NP (QP $ 287 billion) *U*)))) .)) (TOP (S (NP-SBJ-1 This) (VP can (VP be (VP thought (PP-CLR of (NP *-1)) (PP-CLR as (NP (NP a pessimistic prediction) , (VP (ADVP perhaps) driven (NP *) (PP by (NP-LGS (NP (NP the sequestering effects) (PP of (NP the Gramm-Rudman deficit reduction law))) or (ADVP possibly) (NP (NP a relaxation) (PP of (NP (NP tensions) (PP with (NP the Soviet Union))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The strategic planners) (PP-LOC in (NP (NP the Joint Chiefs) (PP of (NP Staff))))) (VP would (VP construct (NP (NP the (ADJP most effective) defense program) (PP for (NP each scenario))) , (S-ADV (NP-SBJ *-1) (VP (VP maximizing (NP strengths)) and (VP minimizing (NP weaknesses)))))) .)) (TOP (S (NP-SBJ-1 They) (VP would (VP conclude (NP their efforts) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP producing (NP (NP a comprehensive net assessment) (PP for (NP each plan)) (PRN -- (PP including (NP (NP (NP the assumptions) (VP made (NP *))) , (NP (NP an analysis) (PP of (NP its deficiencies and limitations))) , (NP (NP the impact) (PP on (NP national security))) , and (NP (NP the best strategy) (PP for (S-NOM (NP-SBJ *) (VP working (PP-CLR around (NP these limitations))))))))))))))) .)) (TOP (S (NP-SBJ-1 This exercise) (VP would (VP reveal (NP (NP the true cost) (PP of (NP a particular program))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP forcing (S (NP-SBJ the strategists) (VP to (VP make (NP hard decisions))))))))) .)) (TOP (S (SBAR-ADV If , (PP for (NP example)) , (S (NP-SBJ-1 they) (VP choose (S (NP-SBJ *-1) (VP to (VP keep (NP the B-2 Stealth bomber))))))) , (NP-SBJ-2 they) (VP would (VP have (S (NP-SBJ *-2) (VP to (VP sacrifice (NP (NP (ADVP more and more) other programs) (PRN -- (PP such as (NP (NP carrier battlegroups) or (NP army divisions))) --)) (SBAR-TMP as (S (NP-SBJ they) (VP moved (PP-TMP toward (NP lower budget levels)))))))))) .)) (TOP (S (NP-SBJ-2 These trade-offs) (VP would (VP evolve (NP priorities) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP revealing (SBAR-NOM (WHADVP-1 when) (S (NP-SBJ (NP the cost) (PP of (NP the B-2))) (VP became (ADJP-PRD prohibitive) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ-1 Some) (VP may (VP be (VP tempted (S (NP-SBJ *-1) (VP to (VP argue (SBAR that (S (NP-SBJ (NP the idea) (PP of (NP a strategic review))) (ADVP merely) (VP resurrects (NP (NP the infamous Zero-Based Budgeting (PRN -LRB- ZBB -RRB-) concept) (PP of (NP the Carter administration)))))))))))) .)) (TOP (S But (NP-SBJ ZBB) (VP (VP did not (VP (VP involve (NP (NP the strategic planners) (PP-LOC in (NP (NP the Joint Chiefs) (PP of (NP Staff)))))))) , and (ADVP therefore) (VP degenerated (PP-CLR into (NP (NP a bean-counting drill) (VP driven (NP *) (PP by (NP-LGS budget politics))))))) .)) (TOP (S (ADVP Anyway) , (NP-SBJ (NP ZBB 's) procedures) (VP were (ADJP-PRD (ADJP so cumbersome) (SBAR that (S (NP-SBJ-1 (NP everyone) (VP involved (NP *))) (VP was (VP crushed (NP *-1) (PP-LOC-CLR under (NP (NP a burden) (PP of (NP marginalia)))))))))) .)) (TOP (S (NP-SBJ A strategic review) (VP is (ADJP-PRD fundamentally different)) .)) (TOP (S (NP-SBJ-1 It) (VP would (VP be (VP run (NP *-1) (PP by (NP-LGS the joint chiefs)) (PP-LOC under (NP (NP simple directions) : (S (NP-SBJ *) (VP (VP Produce (NP (NP the best possible force) (PP for (NP each budget scenario)))) and (VP provide (NP (NP the Secretary) (PP of (NP Defense))) (PP-CLR with (NP (NP a comprehensive net assessment) (PP of (SBAR-NOM (WHADVP-3 how) (S (NP-SBJ-2 that force) (VP could (VP be (VP used (NP-4 *-2) (S-CLR (NP-SBJ *-4) (VP to (VP achieve (NP U.S. goals)))) (ADVP-MNR *T*-3))))))))))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP might (VP be (VP feared (NP *-1) (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (ADVP even) (VP thinking (PP-CLR about (NP lower budgets)))) (VP will (VP hurt (NP national security) (SBAR-PRP because (S (NP-SBJ-2 the door) (VP will (VP be (VP opened (NP *-2) (PP-CLR to (NP (NP opportunistic budget cutting) (PP by (NP an irresponsible Congress)))))))))))))))) .)) (TOP (S (S (NP-SBJ This argument) (VP plays (ADVP-MNR well) (PP-LOC in (NP (NP the atmosphere) (PP of (NP gaming and mistrust)) (VP permeating (NP (NP the Pentagon) and (NP Congress))))))) , and (S (ADVP unfortunately) , (NP-SBJ there) (VP is (NP-PRD some truth) (PP to (NP it)))) .)) (TOP (S But (PP-TMP in (NP the end)) , (NP-SBJ-1 it) (VP must (VP be (VP rejected (NP *-1) (PP-PRP for (NP (ADJP logical (CONJP as well as) moral) reasons))))) .)) (TOP (S (S-SBJ (NP-SBJ *) (VP To (VP say (SBAR that (S (NP-SBJ the Pentagon) (VP should (VP act (ADVP-MNR irresponsibly) (SBAR-PRP because (S (S-NOM-SBJ (NP-SBJ *) (VP acting (ADVP-MNR responsibly))) (VP will (VP provoke (NP-1 Congress) (PP-CLR into (S-NOM (NP-SBJ *-1) (VP acting (ADVP-MNR irresponsibly))))))))))))))) (VP leads (PP-CLR to (NP the conclusion (SBAR (SBAR that (S (NP-SBJ the Pentagon) (VP should (VP (ADVP-MNR deliberately) exaggerate (NP its needs) (PP in (NP the national interest)))))) ; (SBAR (PP in (NP other words)) , that (S (NP-SBJ-2 it) (VP is (ADJP-PRD justified) (PP in (NP (S-NOM (NP-SBJ *-2) (VP committing (NP a crime))) (PRN -- (S-NOM (NP-SBJ *-2) (VP lying (PP-CLR to (NP Congress)))) --))) (SBAR-PRP because (S (NP-SBJ it) (VP is (ADJP-PRD morally superior))))))))))) .)) (TOP (S (S (NP-SBJ Strategy) (VP is not (NP-PRD (NP a game) (PP between (NP (NP the Pentagon) and (NP Congress)))))) ; (S (NP-SBJ it) (VP is (NP-PRD (NP the art) (PP of (NP the possible))) (PP-LOC in (NP (NP a world) (SBAR (WHADVP-1 where) (S (NP-SBJ constraints) (VP force (S (NP-SBJ us) (VP to (VP choose (PP-CLR between (NP (ADJP unpleasant or imperfect) alternatives))))) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ we) (VP want (NP meaningful priorities)))) , (NP-SBJ we) (VP must (VP understand (NP (NP the trade-offs) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP imply (NP *T*-1))))) (SBAR-TMP before (S (NP-SBJ we) (VP make (NP commitments)))))) .)) (TOP (S (S (NP-SBJ Strategy) (VP is not (NP-PRD (NP a separate event) (PP-LOC in (NP (NP an idealized sequence) (PP of (NP discrete events))))))) ; (S (NP-SBJ it) (VP is (NP-PRD (NP a way) (PP of (NP thinking)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP neutralizes (NP (NP threats) (PP to (NP our interests))) (PP-MNR in (NP (NP a manner) (ADJP consistent (PP with (NP our (ADJP financial , cultural and physical) limitations))))))))))) .)) (TOP (S (NP-SBJ Mr. Spinney) (VP is (NP-PRD a permanent Pentagon official)) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP a condensed version) (PP of (NP (NP an essay) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP appear (PP-LOC in (NP (NP the January issue) (PP of (NP the Naval Institute Proceedings)))))))))))) .)) (TOP (S (NP-SBJ (NP The views) (VP expressed (NP *))) (VP do not (VP reflect (NP (NP the official policy) (PP of (NP (NP the Department) (PP of (NP Defense))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ bullish dollar sentiment) (VP has (VP fizzled)))) , (NP-SBJ many currency analysts) (VP say (SBAR 0 (S (NP-SBJ a massive sell-off) (ADVP probably) (VP wo n't (VP occur (PP-TMP in (NP the near future))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 (NP (NP Wall Street 's) tough times) and (NP lower U.S. interest rates)) (VP continue (S (NP-SBJ *-1) (VP to (VP undermine (NP the dollar)))))) ,) (NP-SBJ-2 (NP weakness) (PP-LOC in (NP (NP the pound) and (NP the yen)))) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP offset (NP those factors)))))) .)) (TOP (SINV (S-TPC-2 `` (PP-MNR By (NP default)) , '' (NP-SBJ-1 the dollar) (ADVP probably) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP hold (PRT up) (ADVP-MNR pretty well) (PP-TMP in (NP coming days))))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Francoise Soares-Kemp) , (NP (NP a foreign-exchange adviser) (PP-LOC at (NP Credit Suisse)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP 're (ADJP-PRD close (PP to (NP (NP the bottom) '' (PP of (NP the near-term ranges))))))) , (NP-SBJ she) (VP contends (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC In (NP late Friday afternoon New York trading)) , (NP-SBJ the dollar) (VP was (PP-PRD at (NP (NP 1.8300 marks) and (NP 141.65 yen))) , (ADVP off (PP from (NP (NP late Thursday 's) (NX (NX 1.8400 marks) and (NX 142.10 yen)))))) .)) (TOP (S (NP-SBJ The pound) (VP strengthened (PP-DIR to (NP $ 1.5795 *U*)) (PP-DIR from (NP $ 1.5765 *U*))) .)) (TOP (S (PP-LOC In (NP Tokyo)) (NP-TMP Monday) , (NP-SBJ the U.S. currency) (VP opened (PP-CLR for (NP trading)) (PP-CLR at (NP 141.70 yen)) , (ADVP down (PP from (NP (NP (NP Friday 's) Tokyo close) (PP of (NP 142.75 yen)))))) .)) (TOP (S (NP-SBJ-2 The dollar) (VP began (NP Friday) (PP-MNR on (NP a firm note)) , (S-ADV (NP-SBJ *-2) (VP gaining (PP-CLR against (NP all major currencies)) (PP-LOC in (NP (NP Tokyo dealings) and (NP early European trading))) (PP despite (NP reports (SBAR that (S (NP-SBJ-1 (NP the Bank) (PP of (NP Japan))) (VP was (VP seen (S (NP-SBJ *-1) (VP unloading (NP dollars) (PP around (NP 142.70 yen))))))))))))) .)) (TOP (S (NP-SBJ The rise) (VP came (SBAR-TMP as (S (NP-SBJ-1 traders) (VP continued (S (NP-SBJ *-1) (VP to (VP dump (NP the pound)))) (PP-TMP after (NP (NP the sudden resignation) (NP-TMP Thursday) (PP of (NP (NAC British Chancellor (PP of (NP the Exchequer))) Nigel Lawson)))))))) .)) (TOP (S-2 But (SBAR-TMP once (S (NP-SBJ the pound) (VP steadied (PP with (NP (NP help) (PP from (NP (NP purchases) (PP by (NP (NP (NP the Bank) (PP of (NP England))) and (NP (NP the Federal Reserve Bank) (PP of (NP New York)))))))))))) , (NP-SBJ the dollar) (VP was (VP dragged (ADVP-CLR down) (PRN , (S (NP-SBJ traders) (VP say (SBAR 0 (S *T*-2)))) ,) (PP by (NP-LGS (NP the stock-market slump) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP left (NP the Dow Jones Industrial Average) (PP-CLR with (NP (NP a loss) (PP of (NP 17.01 points))))))))))) .)) (TOP (S (SBAR With (S (S (NP-SBJ the stock market) (ADJP-PRD wobbly)) and (S (NP-SBJ-2 dollar buyers) (VP discouraged (NP *-2) (PP by (NP-LGS (NP (NP signs) (PP of (NP U.S. economic weakness))) and (NP (NP the recent decline) (PP-LOC in (NP U.S. interest rates)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP diminished (NP (NP the attractiveness) (PP of (NP dollar-denominated investments)))))))))))))) , (NP-SBJ traders) (VP say (SBAR 0 (S (NP-SBJ the dollar) (VP is (ADVP-TMP still) (PP-LOC-PRD in (NP a precarious position)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ They) (VP 'll (VP be (VP looking (PP-CLR at (NP (NP levels) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP sell (NP the dollar) (ADVP-LOC *T*-2))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP James Scalfaro) , (NP (NP a foreign-exchange marketing representative) (PP-LOC at (NP (NP Bank) (PP of (NP Montreal)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ some analysts) (VP say (SBAR 0 (S (NP-SBJ the dollar) (ADVP-TMP eventually) (VP could (VP test (NP (NP support) (PP-LOC at (NP (NP 1.75 marks) and (NP 135 yen))))))))))) , (NP-SBJ (NP Mr. Scalfaro) and (NP others)) (VP do n't (VP see (S (NP-SBJ the currency) (VP (ADVP-MNR decisively) sliding (PP-CLR under (NP (NP support) (PP-LOC at (NP (NP 1.80 marks) and (NP 140 yen))))) (ADVP-TMP soon))))) .)) (TOP (S (NP-SBJ-1 (NP Predictions) (PP for (NP limited dollar losses))) (VP are (VP based (NP *-1) (PP-CLR (ADVP largely) on (NP (NP (NP the pound 's) weak state) (PP-TMP after (NP (NP (NP Mr. Lawson 's) resignation) and (NP (NP the yen 's) inability (S (NP-SBJ *) (VP to (VP strengthen (ADVP-MNR substantially) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ there) (VP are (NP-PRD dollar retreats) (ADVP-TMP *T*-2)))))))))))))) .)) (TOP (S (S-TPC-1 (PP With (S-NOM (NP-SBJ (NP the pound) and (NP the yen)) (VP lagging (PP-CLR behind (NP other major currencies))))) , `` (NP-SBJ you) (VP do n't (VP have (NP a confirmation '' (SBAR that (S (NP-SBJ a sharp dollar downturn) (VP is (PP-LOC-PRD in (NP the works))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Mike Malpede) , (NP (NP senior currency analyst) (PP-LOC at (NP (NP Refco Inc.) (PP-LOC in (NP Chicago)))))) .)) (TOP (S (ADVP (ADVP As far) (SBAR as (S (NP-SBJ the pound) (VP goes (ADVP-CLR *?*))))) , (NP-SBJ some traders) (VP say (SBAR 0 (S (NP-SBJ (NP a slide) (PP toward (NP (NP support) (PP-LOC at (NP $ 1.5500 *U*))))) (VP may (VP be (NP-PRD a favorable development) (PP for (NP the dollar)) (NP-TMP this week)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 the pound) (VP has (VP attempted (S (NP-SBJ *-1) (VP to (VP stabilize))))))) , (NP-SBJ currency analysts) (VP say (SBAR 0 (S (NP-SBJ it) (VP is (PP-PRD in (NP critical condition)))))) .)) (TOP (S (NP-SBJ Sterling) (VP (VP plunged (NP-EXT (QP about four) cents) (NP-TMP Thursday)) and (VP hit (NP (NP (NP the week 's) low) (PP of (NP $ 1.5765 *U*))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Mr. Lawson) (VP resigned (PP-CLR from (NP his six-year post)) (PP-PRP because of (NP (NP a policy squabble) (PP with (NP other cabinet members)))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ-1 He) (VP was (VP succeeded (NP *-1) (PP by (NP-LGS (NP John Major) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (NP-TMP Friday) (VP (VP expressed (NP (NP a desire) (PP for (NP a firm pound)))) and (VP supported (NP (NP the (ADJP relatively high) British interest rates) (SBAR (WHNP-3 that) (S (NP-SBJ he) (VP said `` (S (NP-SBJ-4 *T*-3) (VP are (VP working (SBAR-MNR (ADVP exactly) as (FRAG (VP intended))) '' (PP in (S-NOM (NP-SBJ *-4) (VP reducing (NP inflation))))))))))))))))))) .)) (TOP (S But (S-TPC-1 (NP-SBJ the market) (VP remains (ADJP-PRD uneasy (PP about (NP (NP (NP Mr. Major 's) policy strategy) and (NP (NP the prospects) (PP for (NP the pound)))))))) , (NP-SBJ currency analysts) (VP contend (SBAR 0 (S *T*-1))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP (NP the Bank) (PP of (NP England)) 's) tight monetary policy) (VP has (VP fueled (NP worries (SBAR that (S (NP-SBJ-1 (NP Britain 's) slowing economy) (VP is (VP headed (NP *-1) (PP-CLR for (NP a recession))))))))))) , (NP-SBJ it) (VP is (VP (ADVP-MNR widely) believed (SBAR that (S (NP-SBJ-2 (NP Mr. Lawson 's) willingness (S (NP-SBJ *) (VP to (VP prop (PRT up) (NP the pound) (PP-MNR with (NP interest-rate increases)))))) (VP helped (S (NP-SBJ *-2) (VP stem (NP pound selling) (PP-TMP in (NP recent weeks))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ there) (VP are (NP-PRD any signs (SBAR that (S (NP-SBJ-1 Mr. Major) (VP will (VP be (ADJP-PRD less inclined (S (NP-SBJ-2 *-1) (VP to (VP use (NP interest-rate boosts) (S-CLR (NP-SBJ *-2) (VP to (VP rescue (NP the pound) (PP-CLR from (NP another plunge))))))))))))))))) , (NP-SBJ-3 that currency) (VP is (VP expected (S (NP-SBJ *-3) (VP to (VP fall (ADVP-MNR sharply)))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD fair) (S-1 (NP-SBJ *) (VP to (VP say (SBAR 0 (S (NP-SBJ there) (VP are (NP-PRD (NP more risks) (PP for (NP the pound)) (SBAR *ICH*-4)) (PP-LOC under (NP Major)) (SBAR-4 than (S (NP-SBJ there) (VP were (NP-PRD *?*) (PP-LOC under (NP Lawson))))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Malcolm Roberts) , (NP (NP a director) (PP of (NP international bond market research)) (PP-LOC at (NP Salomon Brothers)) (PP-LOC in (NP London)))) .)) (TOP (S (S `` (S-TPC-2 (NP-SBJ There) (VP 's (NP-PRD (ADJP very little) upside) (PP to (NP sterling)))) , '' (NP-SBJ Mr. Roberts) (VP says (S *T*-2))) , but (S (NP-SBJ he) (VP adds (SBAR that (S (NP-SBJ near-term losses) (VP may (VP be (ADJP-PRD small) (SBAR-PRP because (S (NP-SBJ (NP the selling wave) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP followed (NP (NP Mr. Major 's) appointment))))) (ADVP apparently) (VP has (VP run (NP its course))))))))))) .)) (TOP (S But (NP-SBJ some other analysts) (VP have (NP a stormier forecast) (PP for (NP the pound)) , (SBAR-PRP (ADVP particularly) because (S (S (NP-SBJ (NP Britain 's) inflation) (VP is (VP hovering (PP-LOC at (NP (NP a (ADJP relatively lofty) annual rate) (PP of (NP (QP about 7.6) %))))))) and (S (NP-SBJ-1 the nation) (VP is (VP burdened (NP *-1) (PP-CLR with (NP (NP a struggling government) and (NP large (NX (NX current account (NX *RNR*-2)) and (NX trade (NX *RNR*-2)) (NX-2 deficits))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The pound) (ADVP likely) (VP will (VP (VP fall (PP-TMP in (NP coming days))) and (VP may (VP trade (ADVP (ADVP as low) (PP as (NP 2.60 marks))) (PP-TMP within (NP the next year))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Nigel Rendell) , (NP (NP an international economist) (PP-LOC at (NP James Capel & Co.)) (PP-LOC in (NP London)))) .)) (TOP (S (NP-SBJ The pound) (VP was (PP-PRD at (NP 2.8896 marks)) (NP-TMP late Friday) , (ADVP off (ADVP-MNR sharply) (PP from (NP (NP 2.9511) (PP-LOC in (NP New York trading))) (ADVP-TMP (NP a week) earlier)))) .)) (TOP (SINV (S-TPC-1 (SBAR-ADV If (S (NP-SBJ the pound) (VP falls (ADVP-CLR (ADVP closer) (PP to (NP 2.80 marks)))))) , (NP-SBJ (NP the Bank) (PP of (NP England))) (VP may (VP raise (NP (NP Britain 's) base lending rate) (PP-EXT by (NP one percentage point)) (PP-DIR to (NP 16 %))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ Mr. Rendell) .)) (TOP (S-2 But (NP-SBJ-1 such an increase) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) ,) (VP could (VP be (VP viewed (NP *-1) (PP by (NP-LGS the market)) (PP-CLR as `` (NP (NP too little) (ADVP-TMP too late)))))) . '')) (TOP (S (S-TPC-2 (NP-SBJ-4 (NP The Bank) (PP of (NP England))) (VP indicated (NP its desire (S (NP-SBJ *) (VP to (VP leave (S (NP-SBJ its monetary policy) (ADJP-PRD unchanged)))))) (NP-TMP Friday) (PP-MNR by (S-NOM (NP-SBJ-3 *-4) (VP declining (S (NP-SBJ *-3) (VP to (VP raise (NP (NP the official (ADJP 15 %) discount-borrowing rate) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP charges (NP discount houses) (NP *T*-1))))))))))))) , (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (S-ADV (NP-SBJ Pound concerns) (ADVP-PRD aside)) , (NP-SBJ (NP the lack) (PP of (NP (NP strong buying interest) (PP in (NP the yen))))) (VP is (NP-PRD (NP another boon) (PP for (NP the dollar))))) , (NP-SBJ many traders) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ The dollar) (VP has (NP (NP a `` natural base) (PP of (NP support)) '') (PP-LOC around (NP 140 yen)) (SBAR-PRP because (S (NP-SBJ-1 the Japanese currency) (VP has n't (VP been (VP purchased (NP *-1) (ADVP-MNR heavily) (PP-TMP in (NP recent weeks))))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Ms. Soares-Kemp) (PP of (NP Credit Suisse))) .)) (TOP (S-1 (NP-SBJ (NP The yen 's) softness) (PRN , (S (NP-SBJ she) (VP says (SBAR 0 (S *T*-1)))) ,) (ADVP apparently) (VP stems (PP-CLR from (NP (NP (NP (NP Japanese investors ') interest) (PP in (S-NOM (NP-SBJ-2 *) (VP buying (NP dollars) (PP against (NP the yen)) (S-PRP (NP-SBJ *-2) (VP to (VP purchase (NP U.S. bond issues)))))))) and (NP (NP persistent worries) (PP about (NP (NP (NP this year 's) upheaval) (PP-LOC in (NP the Japanese government)))))))) .)) (TOP (S (PP-LOC On (NP (NP New York 's) Commodity Exchange)) (NP-TMP Friday) , (NP-SBJ (NP gold) (PP for (NP current delivery))) (VP jumped (NP-EXT $ 5.80 *U*) , (PP-DIR to (NP (NP (NP $ 378.30 *U*) (NP-ADV an ounce)) , (NP (NP the highest settlement) (PP-TMP since (NP July 12)))))) .)) (TOP (S (NP-SBJ Estimated volume) (VP was (NP-PRD a heavy (QP seven million) ounces)) .)) (TOP (S (PP-LOC In (NP early trading)) (PP-LOC in (NP Hong Kong)) (NP-TMP Monday) , (NP-SBJ-1 gold) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP $ 378.87 *U*) (NP-ADV an ounce))))) .)) (TOP (S (NP-SBJ We) (VP are (ADJP-PRD deeply disturbed (SBAR that (S (NP-SBJ a recent editorial) (VP stated (SBAR that (S (NP-SBJ-1 (NP the `` (NAC Americans (PP With (NP Disabilities))) Act) (PP of (NP 1989))) '' (VP was `` (VP crafted (NP *-1) (PP (ADVP primarily) by (NP-LGS Democratic Senators Kennedy and Harkin)) '' (PP with (NP (NP a premise) `` (PP based (PP on (NP the presumption (SBAR that (S (NP-SBJ most Americans) (VP are (ADJP-PRD hostile (PP to (NP the disabled)))))))))))))))))))) ... . '')) (TOP (SINV (ADVP Perhaps) (ADJP-TPC-1 (ADVP even more) offensive) (VP is (ADJP-PRD *T*-1)) (NP-SBJ (NP the statement) , `` (S (NP-SBJ It) (VP is (ADJP-PRD surprising (SBAR that (S (NP-SBJ (NP George Bush) and (NP the White House inner circle)) (VP would (VP ally (NP themselves) (PP-CLR with (NP this crabby philosophy)))))))))) . '')) (TOP (S (NP-SBJ-1 This legislation) (VP was not (VP drafted (NP *-1) (PP by (NP-LGS (NP a handful) (PP of (NP Democratic `` do-gooders)))))) . '')) (TOP (S (ADVP Quite the contrary) -- (NP-SBJ it) (VP results (PP-CLR from (NP (NP years) (PP of (NP work)) (PP by (NP (NP (NP members) (PP of (NP (NP the National Council) (PP on (NP the Handicapped))))) , (NP (NP all) (VP appointed (NP *) (PP by (NP-LGS President Reagan))))))))) .)) (TOP (S (NP-SBJ You) (VP depict (NP the bill) (PP-CLR as (NP (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ Democratic leaders) (VP `` hoodwinked '' (NP the administration) (PP-CLR into (S-NOM (NP-SBJ *) (VP endorsing (NP *T*-1)))))))))) .)) (TOP (S (S (NP-SBJ The opposite) (VP is (ADJP-PRD true))) : (S (NP-SBJ It) (VP 's (NP-PRD (NP the product) (PP of (NP (NP many meetings) (PP with (NP (NP administration officials) , (NP Senate staffers) , (NP advocates) , and (NP business and transportation officials)))))))) .)) (TOP (S (NP-SBJ Many congressmen) (VP are (VP citing (NP (NP the compromise) (PP on (NP (NP the `` (NAC Americans (PP With (NP Disabilities))) Act) (PP of (NP 1989))))) '' (PP-CLR as (NP (NP a model) (PP for (NP bipartisan deliberations)))))) .)) (TOP (S (NP-SBJ-1 Most National Council members) (VP (VP are (NP-ADV themselves) (VP disabled (NP *-1))) or (VP are (NP-PRD (NP parents) (PP of (NP (NP children) (PP with (NP disabilities))))))) .)) (TOP (S (NP-SBJ We) (VP know (ADVP-MNR firsthand) (NP (NP the discrimination) (VP addressed (NP *) (PP by (NP-LGS the act))) : (S (S (NP-SBJ-1 *) (VP to (VP be (VP told (NP *-1) (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD no place) (PP for (NP your child)) (PP-LOC in (NP school))))))))) ; (S (NP-SBJ *) (VP to (VP spend (NP lonely hours) (PP-LOC at (NP home)) (SBAR-PRP because (S (NP-SBJ there) (VP is (NP-PRD no transportation) (PP for (NP (NP someone) (PP-LOC in (NP a wheelchair)))))))))) ; (S (NP-SBJ-2 *) (VP to (VP be (VP denied (NP *-2) (NP employment) (SBAR-PRP because (S (NP-SBJ-3 you) (VP are (VP disabled (NP *-3)))))))))))) .)) (TOP (S (NP-SBJ Your editorial) (VP (ADVP-MNR mockingly) entitles (S (NP-SBJ this legislation) (NP-PRD the `` (NX-TTL Lawyers ' Employment Act)))) . '')) (TOP (S (PP For (NP (NP (NP the (QP 43 million) people) (PP with (NP disabilities))) and (NP their families))) , (NP-SBJ this legislation) (VP is (NP-PRD the `` (NX-TTL Emancipation Proclamation))) . '')) (TOP (NP Sandra Swift Parrino)) (TOP (NP Chairperson)) (TOP (NP (NP National Council) (PP on (NP the Handicapped)))) (TOP (S (NP-SBJ (NP A group) (PP of (NP investors)) (VP led (NP *) (PP by (NP-LGS (NP Giant Group Ltd.) and (NP (NP its chairman) , (NP Burt Sugarman) ,))))) (VP said (SBAR 0 (S (NP-SBJ it) (VP filed (PP-CLR with (NP federal antitrust regulators)) (PP-PRP for (NP clearance (S (NP-SBJ *) (VP to (VP buy (NP (NP (QP more than 50) %) (PP of (NP (NP the stock) (PP of (NP (NP (NP Rally 's) Inc.) , (NP (NP a fast-food company) (VP based (NP *) (PP-LOC-CLR in (NP (NP Louisville) , (NP Ky))))))))))))))))))) .)) (TOP (S (NP-SBJ Rally 's) (VP operates and franchises (NP (NP (QP about 160) fast-food restaurants) (PP-LOC throughout (NP the U.S)))) .)) (TOP (S (NP-SBJ-1 The company) (VP went (ADJP-PRD public) (NP-TMP earlier this month) , (S-ADV (NP-SBJ *-1) (VP offering (NP (NP 1,745,000 shares) (PP of (NP common stock))) (PP at (NP (NP $ 15 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Giant) (VP has (NP (NP interests) (PP-LOC in (NP (NP cement making) and (NP newsprint))))) .)) (TOP (S (NP-SBJ The investor group) (VP includes (NP (NP (NP Restaurant Investment Partnership) , (NP a California general partnership) ,) and (NP (NP three (NP Rally 's) directors) : (NP (NP Mr. Sugarman) , (NP James M. Trotter III) and (NP William E. Trotter II))))) .)) (TOP (S (NP-SBJ The group) (ADVP-TMP currently) (VP holds (NP (NP 3,027,330 (NP Rally 's) shares) , or (NP (NP 45.2 %) (PP of (NP (NP its commmon shares) (ADJP outstanding)))))) .)) (TOP (S (NP-SBJ Giant Group) (VP owned (NP (NP 22 %) (PP of (NP (NP Rally 's) shares))) (PP-TMP before (NP the initial public offering))) .)) (TOP (S (NP-SBJ (NP A second group) (PP of (NP three company directors)) , (VP aligned (NP *) (PP-CLR with (NP (NP Rally 's) founder James Patterson))) ,) (ADVP also) (VP is (VP seeking (NP (NP control) (PP of (NP the fast-food chain))))) .)) (TOP (S (NP-SBJ It) (VP is (VP estimated (SBAR that (S (NP-SBJ the Patterson group) (VP controls (NP (NP (QP more than 40) %) (PP of (NP (NP Rally 's) stock)))))))) .)) (TOP (S (NP-SBJ-1 Rally officials) (VP were n't (ADJP-PRD available) (S-PRP (NP-SBJ *-1) (VP to (VP comment))) (NP-TMP late yesterday)) .)) (TOP (S (PP For (NP (NP the year) (VP ended (NP-TMP July 2)))) , (NP-SBJ Rally) (VP had (NP (NP net income) (PP of (NP (NP (QP $ 2.4 million) *U*) , or (NP (NP 34 cents) (NP-ADV a share)))) , (PP on (NP (NP revenue) (PP of (NP (QP $ 52.9 million) *U*)))))) .)) (TOP (S (NP-SBJ (NP Companies) (VP listed (NP *) (ADVP-LOC below))) (VP reported (NP (NP quarterly profit) (ADJP substantially different (PP from (NP (NP the average) (PP of (NP (NP analysts ') estimates))))))) .)) (TOP (S (NP-SBJ-1 The companies) (VP (VP are (VP followed (NP *-1) (PP by (NP-LGS (QP at least three) analysts)))) , and (VP had (NP (NP a minimum five-cent change) (PP-LOC in (NP (NP actual earnings) (PP per (NP share))))))) .)) (TOP (S (NP-SBJ-1 (NP (ADJP Estimated and actual) results) (VP involving (NP losses))) (VP are (VP omitted (NP *-1))) .)) (TOP (S (NP-SBJ The percent difference) (VP compares (NP actual profit) (PP-CLR with (NP (NP the 30-day estimate) (SBAR (WHADVP-1 where) (S (NP-SBJ (QP at least three) analysts) (VP have (VP issues (NP forecasts) (PP-TMP in (NP the past 30 days)) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (ADVP Otherwise) , (NP-SBJ-1 actual profit) (VP is (VP compared (NP *-1) (PP-CLR with (NP the 300-day estimate)))) .)) (TOP (S (S (NP-SBJ-1 (NP DPC Acquisition Partners) , (NP (NP a hostile suitor) (PP for (NP Dataproducts Corp.))) ,) (VP filed (NP a petition) (PP-LOC in (NP (NP federal district court) (PP-LOC in (NP Los Angeles)))) (S-ADV (NP-SBJ-3 *-1) (VP seeking (S (NP-SBJ *-3) (VP to (VP have (S (NP-SBJ-2 (NP its standstill agreement) (PP with (NP the computer printer maker))) (VP declared (S (NP-SBJ *-2) (ADJP-PRD void))))))))))) , and (S (NP-SBJ it) (VP proceeded (PP-CLR with (NP (NP a (ADJP $ 10-a-share *U*) tender offer) (PP for (NP the company)))))) .)) (TOP (S (NP-SBJ The offer) (VP would (VP give (NP the transaction) (NP (NP an indicated value) (PP of (NP (QP $ 189 million) *U*)) , (PP based (PP on (NP (NP the (QP 18.9 million) shares) (SBAR (WHNP-1 0) (S (NP-SBJ the group) (VP does n't (ADVP-TMP already) (VP own (NP *T*-1))))))))))) .)) (TOP (S (NP-SBJ DPC) (VP holds (NP (NP (QP about 7.8) %) (PP of (NP (NP Dataproducts ') shares)))) .)) (TOP (S (NP-SBJ-1 (NP Lawyers) (VP representing (NP DPC))) (VP declined (S (NP-SBJ *-1) (VP to (VP elaborate))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ they) (VP did n't (VP have (NP (NP a final copy) (PP of (NP the filing)))))))))) .)) (TOP (S (NP-SBJ (NP Jack Davis) , (NP (NP Dataproducts ') chairman) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP (VP had n't (ADVP-TMP yet) (VP seen (NP the filing))) and (VP could n't (VP comment)))))) .)) (TOP (S (S (NP-SBJ DPC) (VP made (NP (NP a (ADJP $ 15-a-share *U*) bid) (PP for (NP the company))) (PP-TMP in (NP May)))) , but (S (NP-SBJ Dataproducts management) (VP considered (S (NP-SBJ the (ADJP (QP $ 283.7 million) *U*) proposal) (ADJP-PRD unacceptable)))) .)) (TOP (S (S (NP-SBJ Dataproducts) (VP had (VP sought (NP a buyer) (PP-TMP for (NP several months))))) , but (S (S (NP-SBJ it) (VP is (ADVP-TMP now) (PP-LOC-PRD in (NP (NP the midst) (PP of (NP a restructuring plan)))))) and (S (NP-SBJ management) (VP says (SBAR 0 (S (NP-SBJ the company) (VP is (ADVP-TMP no longer) (PP-PRD for (NP sale)))))))) .)) (TOP (S (NP-SBJ (NP Appalachian Power Co.) , (NP (NP a subsidiary) (PP of (NP American Electric Power Co.))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP redeem (PP-TMP on (NP Dec. 1)) (NP (NP the entire (QP $ 44.2 million) *U*) (PP of (NP (NP its (ADJP (QP 12 7) %) first mortgage bonds) (ADJP due (NP-TMP 2013)))))))))) .)) (TOP (S (NP-SBJ The redemption price) (VP will (VP be (NP-PRD (NP (NP 109.66 %) (PP of (NP (NP the principal amount) (PP of (NP the bonds))))) , plus (NP (NP accrued interest) (PP-TMP to (NP (NP the date) (PP of (NP redemption)))))))) .)) (TOP (S (NP-SBJ (NP The European Community 's) consumer price index) (VP (VP rose (NP-EXT a provisional 0.6 %) (PP-TMP in (NP September)) (PP-DIR from (NP-TMP August))) and (VP was (ADVP-PRD up (NP 5.3 %) (PP from (NP-TMP September 1988)))) , (PP according (PP to (NP (NP Eurostat) , (NP (NP the EC 's) statistical agency))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The month-to-month rise) (PP-LOC in (NP the index))) (VP was (NP-PRD (NP the largest) (PP-TMP since (NP April))))) , (NP-SBJ Eurostat) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-2 (NP Efforts (S *ICH*-3)) (PP by (NP the Hong Kong Futures Exchange)) (S-3 (NP-SBJ *) (VP to (VP introduce (NP a new interest-rate futures contract))))) (VP continue (S (NP-SBJ *-2) (VP to (VP hit (NP snags)))) , (PP despite (NP (NP the support) (SBAR (WHNP-1 0) (S (NP-SBJ the proposed instrument) (VP enjoys (NP *T*-1) (PP-LOC in (NP (NP the colony 's) financial community)))))))) .)) (TOP (S (NP-SBJ Hong Kong financial institutions) (VP have (VP been (VP waiting (PP-CLR for (NP interest-rate futures)) (PP-TMP for (NP a long time))))) .)) (TOP (S (S (NP-SBJ-2 The contract) (VP was (ADVP-TMP first) (VP proposed (NP *-2) (ADVP-TMP (NP (QP more than two) years) ago)))) , but (S (ADVP-TMP shortly afterward) , (NP-SBJ-1 (NP the colony 's) markets) (VP were (VP hit (NP *-1) (ADVP-MNR hard) (PP by (NP-LGS the October 1987 global stock crash))))) .)) (TOP (S (NP-SBJ The subsequent drive (S (NP-SBJ *) (VP to (VP reform (NP (NP Hong Kong 's) markets))))) (ADVP also) (VP has (VP embroiled (NP the interest-rate futures contract))) .)) (TOP (S (NP-SBJ-2 (NP The Securities and Futures Commission) , (NP (NP a government watchdog) (VP set (NP *) (PRT up) (PP-TMP after (NP the 1987 crash)) (S-PRP (NP-SBJ-1 *) (VP to (VP try (S (NP-SBJ *-1) (VP to (VP restore (NP confidence and order) (PP-CLR to (NP (NP Hong Kong 's) markets)))))))))) ,) (VP had (VP been (VP expected (S (NP-SBJ *-2) (VP to (VP give (NP the contract) (NP conditional approval) (NP-TMP last week))))))) .)) (TOP (S But (NP-SBJ regulators) (NP-TMP this week) (VP said (SBAR 0 (S (NP-SBJ futures-exchange officials) (ADVP-TMP still) (VP have (NP (NP a way) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP go (NP *T*-1)))))) (SBAR-TMP before (S (NP-SBJ they) (VP answer (NP (NP all the remaining detailed questions) (PP about (NP the contract)))))))))) .)) (TOP (S (NP-SBJ The exchange) (VP had (VP forecast (SBAR that (S (NP-SBJ-1 the contract) (VP would (VP begin (S (NP-SBJ *-1) (VP trading)) (PP-TMP by (NP December)))))))) .)) (TOP (S But (NP-SBJ securities regulators) (ADVP-TMP now) (VP say (ADVP-MNR privately) (SBAR that (S (NP-SBJ-1 it) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP start)))) (PP-TMP until (NP (NP the first quarter) (PP of (NP next year)))))))) .)) (TOP (S (NP-SBJ (NP Analysts and financial officials) (PP-LOC in (NP the British colony))) (VP consider (S (NP-SBJ the new contract) (ADJP-PRD essential (PP to (NP (NP the revival) (PP of (NP (NP the Hong Kong Futures Exchange) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (ADVP-TMP never) (VP (ADVP-MNR fully) recovered (PP-CLR from (NP the October 1987 crash))))))))))))) .)) (TOP (S (NP-SBJ Many) (VP believe (SBAR that (S (PP without (NP a healthy futures exchange)) , (NP-SBJ (NP Hong Kong 's) aspirations (S (NP-SBJ-1 *) (VP to (VP be (VP recognized (NP *-1) (PP-CLR as (NP an international financial center))))))) (VP will (VP suffer))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ local banks) (VP say (SBAR 0 (S (NP-SBJ the new contract) (VP is (ADJP-PRD important (PP in (S-NOM (NP-SBJ *) (VP helping (S (NP-SBJ them) (VP offset (NP their Hong Kong-dollar exposure))))))))))) .)) (TOP (S (NP-SBJ-1 The contract) (VP will (VP be (VP based (NP *-1) (PP-CLR on (NP (NP the three-month Hong Kong interbank offered rate) , or (NP Hibor)))))) .)) (TOP (S (NP-SBJ It) (VP is (ADVP almost) (NP-PRD (NP a carbon copy) (PP of (NP (NP (NP the Chicago Mercantile Exchange 's) Eurodollar contract) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP based (NP *-1) (PP-CLR on (NP (NP the three-month Eurodollar rate) , (NP (NP the rate) (VP paid (NP *) (PP-CLR on (NP U.S.-dollar deposits)) (PP-LOC in (NP London banks)))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the contract) (VP is (ADJP-PRD (ADJP as successful) (SBAR as (S (NP-SBJ some) (VP expect (S *?*)))))))) , (NP-SBJ-1 it) (VP may (VP do (NP much) (S-PRP (NP-SBJ *-1) (VP to (VP restore (NP (NP confidence) (PP in (NP (NP futures trading) (PP-LOC in (NP Hong Kong)))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ The contract) (VP is (ADVP definitely) (ADJP-PRD important (PP to (NP the exchange)))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Robert Gilmore) , (NP (NP executive director) (PP of (NP the Securities and Futures Commission)))) .)) (TOP (S (ADVP-TMP (NP Two years) ago) , (NP-SBJ the futures exchange) (VP was (NP-PRD (NP the envy) (PP of (NP other would-be futures centers)))) .)) (TOP (S (PP-TMP After (NP only 17 months)) , (NP-SBJ-1 (NP its main contract) , (PP based (PP on (NP the Hang Seng index))) ,) (VP had (VP grown (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the second-largest stock-index-futures contract) (PP-LOC in (NP the world)))))))) .)) (TOP (S -LCB- (NP-SBJ A futures contract) (VP is (NP-PRD an agreement (S (NP-SBJ *) (VP to (VP buy or sell (NP (NP a commodity) or (NP financial instrument)) (PP-CLR at (NP a set price)) (PP-TMP on (NP a specified date))))))) .)) (TOP (S (PP-LOC In (NP (NP the case) (PP of (NP stock-index and interest-rate futures)))) , (NP-SBJ-1 the instruments) (VP (VP are (VP given (NP *-1) (NP an underlying cash value))) and (VP are (VP settled (NP *-1) (PP-MNR in (NP cash))))) . -RCB-)) (TOP (S But (PP-TMP in (NP (NP the week) (PP-TMP following (NP the 1987 stock crash)))) , (S (NP-SBJ the exchange) (VP verged (PP-CLR on (NP collapse)))) , and (S (NP-SBJ-1 (NP the stock and futures markets) (PP-LOC in (NP Hong Kong))) (VP were (VP closed (NP *-1) (PP-TMP for (NP four days))))) .)) (TOP (S (NP-SBJ Only a government-sponsored bailout) (VP kept (NP-1 the crisis) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP swallowing (NP the exchange))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Trading (PP-CLR in (NP Hang Seng index futures)))) (VP remains (ADJP-PRD crippled (PP by (NP the experience)))) .)) (TOP (S (NP-SBJ (NP Volume) (PP for (NP (NP the entire month) (PP of (NP September))))) (VP totaled (NP (QP only 21,687) contracts) , (PP compared (PP with (NP (NP a daily average) (PP of (NP 27,000)) (PP-TMP in (NP (NP the month) (PP-TMP before (NP the 1987 crash)))))))) .)) (TOP (S (PP (PP Despite (NP the thin trading)) , and (PP-TMP after (NP (NP two painful years) (PP of (NP restructuring))))) , (NP-SBJ-1 the futures market) (VP has (VP shown (NP itself) (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD resilient) (PP-LOC in (NP two recent tests))))))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ-1 Asian markets) (VP struggled (S (NP-SBJ *-1) (VP to (VP cope (PP-CLR with (NP (NP the uncertainty) (VP caused (NP *) (PP by (NP-LGS (NP the Oct. 13 plunge) (PP-LOC in (NP New York stock prices))))))))))))) , (NP-SBJ (NP futures trading) (PP-LOC in (NP Hong Kong))) (VP (VP was (ADJP-PRD relatively heavy)) and (VP went (ADVP-MNR smoothly))) .)) (TOP (S (NP-SBJ That) (VP was (ADVP also) (NP-PRD the case) (PP-TMP in (NP (NP the days) (PP following (NP (NP the (ADJP June 4) massacre) (PP-LOC in (NP Beijing)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP caused (NP (NP a sharp drop) (PP-LOC in (NP Hong Kong stock prices))))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ There) (VP was (NP-PRD (NP no problem) (ADVP at all))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Douglas Ford) , (NP (NP chief executive officer) (PP of (NP the futures exchange)))) .)) (TOP (SINV (ADJP-PRD-1 Most important (PP to (NP (NP the contract 's) success))) (VP is (ADJP-PRD *T*-1)) (NP-SBJ (NP the commitment) (PP of (NP (NP (NP Hong Kong 's) big financial institutions) , (ADVP especially) (NP (NP the two leaders) , (NP (NP Hongkong & Shanghai Banking Corp.) and (NP (NP the local subsidiary) (PP of (NP (NP Britain 's) Standard Chartered Bank PLC)))))))) .)) (TOP (S (NP-SBJ The two big banks) (VP were (ADJP-PRD instrumental (PP in (S-NOM (NP-SBJ *) (VP designing (NP the new contract)))))) .)) (TOP (SINV (S-TPC-1 `` (SBAR-ADV If (S (NP-SBJ those two banks) (VP are (ADVP-LOC-PRD there)))) , (ADVP then) (NP-SBJ (NP the balance) (PP of (NP the banking institutions))) (VP will (VP be (ADVP-LOC-PRD there))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Mr. Gilmore) , (NP the Securities and Futures Commission official)) .)) (TOP (S (NP-SBJ Colony banks) (VP have (NP (NP a major stake) (PP in (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ interest rates) (VP move (ADVP-MNR *T*-1)))))) (PP-PRP because of (NP their enormous Hong Kong-dollar exposure))) .)) (TOP (S (SBAR-ADV Even though (S (NP-SBJ-1 the currency) (VP is (VP pegged (NP *-1) (PP-CLR to (NP the U.S. dollar)) , (PP with (NP (NP a fixed exchange rate) (PP of (NP (NP HK$ 7.8 *U*) (PP to (NP the American currency)))))) ,)))) (NP-SBJ the U.S. and Hong Kong economies) (VP do n't (ADVP-TMP always) (VP move (PP-MNR in (NP lock step)) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ (NP it) (S *EXP*-3)) (ADJP-PRD difficult) (S-3 (NP-SBJ *) (VP to (VP predict (SBAR (WHADVP-2 where) (S (NP-SBJ (NP interest rates) (PP-LOC in (NP the colony))) (VP will (VP go (NP-DIR *T*-2))))))))))))) .)) (TOP (S (PP-TMP In (NP (NP early 1988) , (SBAR (WHADVP-1 when) (S (NP-SBJ the three-month Eurodollar rate) (VP was (PP-PRD between (NP (QP (NP 7 %) and (NP 8 %)) *U*)) (ADVP-TMP *T*-1)))) ,)) (NP-SBJ the three-month Hibor rate) (VP was (ADJP-PRD (QP as low as 1) %)) .)) (TOP (S (ADVP-TMP (NP Just a few months) ago) , (NP-SBJ the three-month Eurodollar rate) (VP was (NP-PRD (QP around 9.5) %) , (SBAR-ADV while (S (NP-SBJ three-month Hibor) (VP hit (NP (NP highs) (PP above (NP 11 %))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The Hibor contract) (VP `` solves (NP (NP quite a bit) (PP of (NP (NP the problem) (PP of (NP (NP interest-rate risk) (PP-LOC in (NP the interbank market))))))) , '')) (VP says (S *T*-1)) (NP-SBJ (NP Eric Cheng) , (NP (NP a director) (PP of (NP (NP James Capel -LRB- Far East -RRB- Ltd.) , (NP (NP the Hong Kong arm) (PP of (NP the British brokerage firm))))))) .)) (TOP (S (PP Despite (NP (NP the initial support) (VP expected (NP *) ))) , (NP-SBJ-1 (NP trading) (PP-LOC in (NP the contract))) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP start (ADVP-MNR slowly)))))) .)) (TOP (S (S (NP-SBJ (NP The wounds) (PP from (NP the 1987 crash))) (VP have n't (ADVP-TMP yet) (VP healed))) , and (S (NP-SBJ-1 (NP not all claims) (PP against (NP the exchange clearinghouse)) (PRN -- (PP by (NP (NP those) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP bet (SBAR 0 (S (NP-SBJ the Hang Seng index) (VP would (VP fall))))))))) --)) (VP have (VP been (VP settled (NP *-1))))) .)) (TOP (S (NP-SBJ (NP (NP Companies) and (NP financial institutions)) (ADJP familiar (PP with (NP Hong Kong)))) (VP remain (ADJP-PRD wary (PP of (S-NOM (NP-SBJ *) (VP trading (PP-LOC in (NP its futures market))))))) .)) (TOP (S And (NP-SBJ Mr. Gilmore) (VP cautions (SBAR that (S (NP-SBJ there) (VP may (VP be (NP-PRD (NP limits) (PP on (SBAR-NOM (WHADVP-1 how (NP much)) (S (NP-SBJ the contract) (VP can (VP grow (ADVP *T*-1))))))) (SBAR-PRP because (S (NP-SBJ the Hong Kong dollar) (VP is n't (NP-PRD a widely traded currency))))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ-1 the contract) (VP will (VP be (VP considered (S (NP-SBJ *-1) (NP-PRD a success)) (SBAR-ADV if (S (NP-SBJ-2 it) (VP starts (S (NP-SBJ *-2) (VP trading (NP (NP (QP 500 to 1,000) lots) (NP-TMP a day))))))))))))) .)) (TOP (S (NP-SBJ Exchange officials) (ADVP also) (VP point (PRT out) (SBAR that (S (NP-SBJ-1 Hibor futures) (VP were (VP designed (NP *-1) (PP (PP for (NP institutions and corporations)) , not (PP for (NP (NP the type) (PP of (NP (NP small individual investors) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP (VP were (ADJP-PRD very active (PP-LOC in (NP Hang Seng index futures)))) and (VP defaulted (PP-LOC in (NP the 1987 crash)))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Cheng) (VP says (SBAR 0 (S (NP-SBJ (NP the low margin) (VP required (NP *) (PP-CLR for (NP trading futures)))) (VP attracted (NP (NP a lot) (PP of (NP (NP small investors) (SBAR *ICH*-1)))) (PP-TMP before (NP the 1987 crash)) (SBAR-1 (WHNP-2 who) (S (NP-SBJ *T*-2) (VP did n't (VP realize (SBAR that (S (NP-SBJ their risk) (VP was (ADJP-PRD virtually unlimited)))))))))))) .)) (TOP (SINV (S-TPC-2 `` (NP-SBJ-1 You) (VP 're not (VP going (S (NP-SBJ *-1) (VP to (VP get (NP (NP your taxi drivers and amahs) and (NP all that))))))) , '') (VP says (S *T*-2)) (NP-SBJ (NP Rory Nicholas) , (NP (NP a director) (PP for (NP securities company Elders Bullion & Futures Ltd)))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 That) (VP should (VP help (S (NP-SBJ *-2) (VP to (VP inspire (NP confidence))))))) , (NP-SBJ Mr. Gilmore) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ many bankers) (VP remain (ADJP-PRD nervous) , (SBAR-TMP (ADVP especially) as (S (NP-SBJ-2 (NP the start-up) (PP of (NP the contract))) (VP continues (S (NP-SBJ-1 *-2) (VP to (VP be (VP delayed (NP *-1))))))))) .)) (TOP (S (NP-SBJ (NP (NP Two) (PP of (NP (NP Japan 's) largest paper manufacturers))) , (NP (NP Oji Paper Co.) and (NP Jujo Paper Co.)) ,) (VP posted (NP (NP unconsolidated pretax profit gains) (PP-TMP from (NP a year earlier)) (PP *ICH*-1)) (PP for (NP (NP the first half) (VP ended (NP Sept. 30)))) , (PP-1 on (NP (NP continuing robust domestic demand) (PP for (NP paper products))))) .)) (TOP (S (NP-SBJ (NP Oji Paper) , (NP (NP (NP the nation 's) largest) (PP in (NP (NP terms) (PP of (NP sales))))) ,) (VP said (SBAR 0 (S (NP-SBJ its pretax profit) (VP rose (NP-EXT 1.5 %) (PP-DIR to (NP (NP (QP 23.11 billion) yen) (NP -LRB- (QP US$ 163.3 million) *U* -RRB-))) (PP-DIR from (NP (QP 22.76 billion) yen)))))) .)) (TOP (S (NP-SBJ Sales) (VP jumped (NP-EXT 12.2 %) (PP-DIR to (NP (QP 232.12 billion) yen)) (PP-DIR from (NP (QP 206.87 billion) yen))) .)) (TOP (S (NP-SBJ Net income) (VP increased (NP-EXT 6.7 %) (PP-DIR to (NP (QP 12.43 billion) yen)) (PP-DIR from (NP (QP 11.66 billion) yen))) .)) (TOP (S (NP-SBJ Per-share net) (VP rose (PP-DIR to (NP 20.48 yen)) (PP-DIR from (NP 19.51 yen))) .)) (TOP (S (NP-SBJ (NP Oji Paper 's) sales strength) (VP was (ADJP-PRD evident (PP in (NP (NP overall paper products sales) , (PP including (NP newsprints , printing and wrapping papers)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP rose (PP-DIR to (NP (NP (QP 221.61 billion) yen) (PP-TMP in (NP the first half)))) (PP-DIR from (NP (NP (QP 200.70 billion) yen) (ADVP-TMP (NP a year) earlier)))))))))) .)) (TOP (S (NP-SBJ Pulp , (ADJP processed and miscellaneous) paper sales) (ADVP also) (VP surged) .)) (TOP (S (PP For (NP (NP the full fiscal year) (VP ending (NP-TMP-CLR next March)))) , (NP-SBJ Oji) (VP predicted (X that) (NP (NP total sales) (PP of (NP (NP (QP 477.00 billion) yen) , (ADVP up (PP from (NP (QP 420.68 billion) yen) (PP-TMP in (NP the previous fiscal year)))))))) .)) (TOP (S (NP-SBJ-1 Pretax profit) (VP is (VP seen (NP *-1) (PP-CLR at (NP (QP 45.00 billion) yen)) , (ADVP down (PP from (NP (QP 47.17 billion) yen))) , (SBAR-ADV while (S (NP-SBJ-2 net income) (VP is (VP estimated (NP *-2) (PP-CLR at (NP (QP 23.500 billion) yen)) , (ADVP up (PP from (NP (QP 23.031 billion) yen))))))))) .)) (TOP (S (S (NP-SBJ The company) (VP did n't (VP provide (NP (NP an explanation) (PP for (NP the softer pretax profit performance)))))) and (S (NP-SBJ-1 officials) could n't (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-SBJ Jujo Paper) (VP said (SBAR 0 (S (NP-SBJ its pretax profit) (VP rose (NP-EXT 0.3 %) (PP-DIR to (NP (QP 13.05 billion) yen)) (PP-DIR from (NP (QP 13.02 billion) yen)))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 8.5 %) (PP-DIR to (NP (QP 195.19 billion) yen)) (PP-DIR from (NP (QP 179.916 billion) yen))) .)) (TOP (S (NP-SBJ Net income) (VP surged (NP-EXT 10 %) (PP-DIR to (NP (QP 7.12 billion) yen)) (PP-DIR from (NP (QP 6.47 billion) yen))) .)) (TOP (S (NP-SBJ Per-share net) (VP rose (PP-DIR to (NP 14.95 yen)) (PP-DIR from (NP 14.44 yen))) .)) (TOP (S (NP-SBJ (NP General paper product sales) , (PP including (NP (NP newsprints) and (NP other papers))) , (PP accounting (PP for (NP (NP the bulk) (PP of (NP sales))))) ,) (VP rose (PP-DIR to (NP (QP 157.78 billion) yen)) (PP-DIR from (NP (QP 143.88 billion) yen))) .)) (TOP (S (NP-SBJ Jujo Paper) (VP predicted (SBAR that (S (PP for (NP (NP the full fiscal year) (VP ending (NP-TMP-CLR next March 31)))) , (NP-SBJ sales) (VP will (VP total (NP (QP 400.0 billion) yen) , (ADVP up (PP from (NP (QP 366.89 billion) yen)))))))) .)) (TOP (S (NP-SBJ-1 Pretax profit) (VP was (VP estimated (NP *-1) (PP-LOC at (NP (QP 23.0 billion) yen)) , (ADVP down (PP from (NP (QP 25.51 billion) yen))) , (SBAR-ADV while (S (NP-SBJ-2 net income) (VP was (VP estimated (NP *-2) (PP-CLR at (NP (QP 12 billion) yen)) , (ADVP up (PP from (NP (QP 11.95 billion) yen))))))))) .)) (TOP (S (NP-SBJ (NP Unocal Corp. 's) decision (S (NP-SBJ *) (VP to (VP put (NP its Norwegian oil and gas interests) (PP-PUT up (PP for (NP sale))) (ADVP-TMP earlier (NP this week)))))) (VP (VP is (NP-PRD (NP another step) (PP-LOC in (NP (NP (NP the company 's) strategic review) (PP of (NP its properties)))))) , and (VP shows (SBAR that (S (NP-SBJ (NP few) (PP of (NP them))) (VP are (NP-PRD sacred cows)))))) .)) (TOP (S (NP-SBJ-1 The company) (VP declined (S (NP-SBJ *-1) (VP to (VP estimate (NP (NP the value) (PP of (NP the Norwegian holding))))))) .)) (TOP (S But (NP-SBJ (NP Eugene L. Nowak) , (NP (NP an analyst) (PP-LOC at (NP Dean Witter Reynolds Inc.))) ,) (VP forecast (SBAR that (S (NP-SBJ the sale) (VP will (VP bring (PRT in) (UCP `` (NP (QP $ 200 million) *U*) or (ADJP substantially more))))))) . '')) (TOP (S (NP-SBJ The proposed transaction) (VP is (NP-PRD (NP the latest) (PP-LOC in (NP (NP a redeployment) (PP of (NP assets)) (PP by (NP (NP the Los Angeles-based oil company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP included (NP (NP (NP the (ADJP (QP $ 200 million) *U*) sale) (PP of (NP its headquarters property))) and (NP (NP the pending sale) (PP of (NP (NP half) (PP of (NP its Chicago refinery and related marketing operations)))) (PP-DTV to (NP Petroleos de Venezuela S.A)))))))))))))) .)) (TOP (S (NP-SBJ Mr. Nowak) (VP said (SBAR 0 (S (NP-SBJ he) (VP attaches (NP particular importance) (PP-CLR to (NP the proposed sale)) (SBAR-PRP because (S (NP-SBJ it) (VP suggests (SBAR that (S (NP-SBJ-2 the company) (VP is (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP sell (NP (NP oil and gas assets) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are n't (NP-PRD (NP part) (PP of (NP its major strategic strengths))))))))))))))))))))) .)) (TOP (S (NP-SBJ Unocal) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP complete (NP (NP the sale) (PP of (NP its Unocal Norge A/S unit))) (PP-TMP by (NP next March or April))))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP (NP an (ADJP 18 %) stake) (PP-LOC in (NP the Veslefrikk offshore field)))))) , (NP-SBJ the Norwegian unit) (VP has (NP (NP interests) (VP ranging (PP (PP from (NP 10 %)) (PP to (NP 25 %)))) (PP-LOC in (NP three other Norwegian oil and gas production licenses)))) .)) (TOP (S (PP-TMP In (NP 1986)) , (NP-SBJ Unocal) (VP sold (NP (NP a (ADJP 7.5 %) stake) (PP-LOC in (NP the Veslefrikk field))) (PP-DTV to (NP (NP Deutsche Erdolversorgungs G.m.b . H.) , (NP a West German oil company) ,)) (PP-CLR for (NP an undisclosed amount))) .)) (TOP (S (PP-TMP In (NP 1987)) , (NP-SBJ it) (VP sold (NP (NP a (ADJP 2.5 %) stake) (PP-LOC in (NP the Veslefrikk field))) (PP-DTV to (NP the Swedish national oil company)) , (S-ADV (NP-SBJ *) (VP resulting (PP-CLR in (NP a (ADJP (QP $ 7 million) *U*) after-tax gain ))))) .)) (TOP (S (ADVP However) , (NP-SBJ those sales) (VP were (ADVP-TMP-PRD early (PP in (NP (NP the field 's) history))) , (SBAR-TMP before (S (NP-SBJ-1 production equipment) (VP was (VP installed (NP *-1)))))) .)) (TOP (S (NP-SBJ-1 The field) (VP (VP is (ADVP-TMP currently) (VP being (VP developed (NP *-1)))) and (VP is (VP slated (S (NP-SBJ *-1) (VP to (VP start (NP production) (PP-TMP by (NP (NP the end) (PP of (NP the year)))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP 's (VP expected (S (NP-SBJ *-1) (VP to (VP produce (NP (NP (QP about 62,000) barrels) (PP-TMP per (NP day)))))))) .)) (TOP (S (NP-SBJ A company spokesman) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the Veslefrikk field 's) gross reserves) (VP were (VP estimated (NP *-1) (PP-TMP in (NP 1987)) (PP-CLR at (NP (QP 229 million) barrels))))))) .)) (TOP (S (ADVP However) , (NP-SBJ he) (VP added (SBAR that (S (NP-SBJ-1 (NP that estimate) , (VP made (NP *) (PP-TMP before (NP extensive development drilling))) ,) (ADVP-TMP currently) (VP is (VP being (VP reappraised (NP *-1))))))) .)) (TOP (S (NP-SBJ The spokesman) (VP said (SBAR 0 (S (NP-SBJ Unocal) (VP has (VP had (NP (NP `` considerable interest '') (PP from (NP prospective buyers)))))))) .)) (TOP (S (NP-SBJ The company) (VP has (VP retained (NP J. Henry Schroder Wagg & Co.) (PP-CLR as (NP (NP financial adviser and agent) (PP for (NP the sale)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP France 's) unemployment rate) (VP was (ADJP-PRD steady) (PP at (NP a (ADJP (ADVP seasonally) adjusted) 9.5 %)) (PP-TMP in (NP September)))) , (NP-SBJ the Social Affairs Ministry) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP In (NP September)) , (NP-SBJ (NP the number) (PP of (NP jobless))) (VP rose (NP-EXT 0.1 %) (PP-TMP from (NP the previous month)) (PP-DIR to (NP 2.5 million)) (PP on (NP a (ADJP (ADVP seasonally) adjusted) basis))) .)) (TOP (S (NP-SBJ-2 The following) (VP were (PP-LOC-PRD among (NP (NP (NP yesterday 's) offerings and pricings) (PP-LOC in (NP the U.S. and non-U.S. capital markets)))) , (PP with (NP terms and syndicate manager)) , (SBAR-ADV as (S (NP-SBJ-1 *-2) (VP compiled (NP *-1) (PP by (NP-LGS Dow Jones Capital Markets Report)))))) :)) (TOP (NP (NP Tenneco Credit Corp.) -- (NP (NP (QP $ 150 million) *U*) (PP of (NP (ADJP (QP 9 1/4) %) senior notes)) (ADJP due (NP-TMP Nov. 1 , 1996)) , (VP priced (PP-CLR at (NP 99.625)) (S-PRP (NP-SBJ *) (VP to (VP yield (NP 9.324 %)))))) .)) (TOP (S (NP-SBJ-1 The noncallable issue) (VP was (VP priced (NP *-1) (PP-CLR at (NP (NP a spread) (PP of (NP (NP 144 basis points) (PP-LOC above (NP (NP the Treasury 's) seven-year note)))))))) .)) (TOP (S (S-ADV (NP-SBJ-4 *-3) (VP (VP Rated (NP-5 *-4) (ADJP-1 Baa-2) (PP-2 by (NP-LGS (NP Moody 's) Investors Service Inc.))) and (VP (NP=5 *-4) (ADJP=1 triple-B-plus) (PP=2 by (NP-LGS (NP Standard & Poor 's) Corp.))))) , (NP-SBJ-3 the issue) (VP will (VP be (VP sold (NP *-3) (PP-MNR through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Merrill Lynch Capital Markets)))))))) .)) (TOP (S (NP-SBJ Tenneco Credit) (VP is (NP-PRD (NP a unit) (PP of (NP Tenneco Inc)))) .)) (TOP (NP (NP Allegany Health System) -- (NP (NP three-part issue) (PP of (NP (NP (QP $ 156.7 million) *U*) (PP of (NP revenue bonds)))) , (VP (ADVP-MNR tentatively) priced (NP *) (PP-MNR through (NP a Morgan Stanley & Co. group)))) .)) (TOP (S (NP-SBJ The offering) (VP includes (NP (NP (NP a new issue) (PP of (NP (NP (QP $ 53 million) *U*) (PP of (NP (NAC-LOC Tampa , Fla. ,) Series 1989 revenue bonds))))) (PP for (NP (NP St. Joseph 's) Hospital Inc.)) , (ADJP due (NP-TMP 1996-2000 , 2005 and 2023)))) .)) (TOP (S (NP-SBJ-1 The bonds) (VP are (VP (ADVP-MNR tentatively) priced (S-PRP (NP-SBJ *-1) (VP to (VP yield (PP-DIR from (NP 6.90 %) (PP-TMP in (NP 1996))) (PP-DIR to (NP 7.55 %) (PP-TMP in (NP 2023)))))))) .)) (TOP (S (NP-SBJ (NP The other two portions) (PP of (NP the deal))) (VP are (NP-PRD (NP (NP remarketings) (PP of (NP outstanding debt))) (CONJP rather than) (NP new issues))) .)) (TOP (S (NP-SBJ-1 The bonds) (VP are (VP (VP rated (NP-4 *-1) (ADJP-2 single-A) (PP-3 by (NP-LGS (NP Moody 's)))) and (VP (NP=4 *-1) (ADJP=2 single-A-plus) (PP=3 by (NP-LGS S&P))) , (PP according (PP to (NP the lead underwriter))))) .)) (TOP (NP (NP (NP City and County) (PP of (NP Honolulu))) -- (NP (NP (NP (QP $ 75 million) *U*) (PP of (NP (NP general obligation bonds) , (NP 1989 Series B) , (ADJP due (NP-TMP 1993-2009))))) , (PP through (NP a Bear , Stearns & Co. group))) .)) (TOP (S (NP-SBJ-1 (NP The bonds) , (VP rated (NP *) (ADJP double-A) (PP by (NP-LGS (NP Moody 's) and (NP S&P)))) ,) (VP were (VP priced (S-PRP (NP-SBJ *-1) (VP to (VP yield (PP-DIR from (NP (NP 6.20 %) (PP-TMP in (NP 1993)))) (PP-DIR to (NP (NP 7.10 %) (PP-TMP in (NP 2008 and 2009))))))))) .)) (TOP (NP (NP Federal National Mortgage Association) -- (NP (NP (NP (QP $ 500 million) *U*) (PP of (NP Remic mortgage securities))) (VP being (VP offered (NP *) (PP-MNR in (NP 12 classes)) (PP by (NP-LGS Shearson Lehman Hutton Inc))))) .)) (TOP (S (NP-SBJ (NP The offering) , (NP Series 1989-89) , (VP backed (NP *) (PP by (NP-LGS Fannie Mae 9 % securities))) ,) (VP (VP brings (NP-1 (NP Fannie Mae 's) 1989 Remic issuance) (PP-2 to (NP (QP $ 33.2 billion) *U*))) and (VP (NP=1 its total Remic volume) (PP=2 to (NP (QP $ 45.3 billion) *U*))) (SBAR-TMP since (S (NP-SBJ the program) (VP began (PP-TMP in (NP April 1987)))))) .)) (TOP (S (NP-SBJ Pricing terms) (VP were n't (ADJP-PRD available)) .)) (TOP (NP (NP (NP Kyushu Electric Power Co .) (NP -LRB- Japan -RRB-)) -- (NP (NP (QP $ 200 million) *U*) (PP of (NP (ADJP (QP 8 7) %) bonds)) (ADJP due (NP-TMP Nov. 28 , 1996)) , (VP priced (PP-CLR at (NP 101 7)) (S-PRP (NP-SBJ *) (VP to (VP yield (NP (NP (QP 8 7) %) (PP less (NP full fees))) , (PP-MNR via (NP Yamaichi International Europe Ltd))))))) .)) (TOP (NP Fees 1 7 .)) (TOP (NP (NP (NP Toshiba Corp .) (NP -LRB- Japan -RRB-)) -- (NP (NP (NP (QP $ 1.2 billion) *U*) (PP of (NP (NP bonds) (ADJP due (NP-TMP Nov. 16 , 1993)))) , (PP with (NP equity-purchase warrants)) , )) (S-ADV (NP-SBJ *) (VP indicating (NP (NP a (ADJP (QP 3 3) %) coupon) (PP-LOC at (ADJP par))))) , (PP-MNR via (NP Nomura International Ltd)) .)) (TOP (S (NP-SBJ Each (ADJP (QP $ 5,000) *U*) bond ) (VP carries (NP (NP a warrant (S *ICH*-3)) (ADJP exercisable (NP-TMP (NP Dec. 1 , 1989) , (PP through (NP Nov. 9 , 1993))))) , (S-3 (NP-SBJ *) (VP to (VP buy (NP company shares) (PP-CLR at (NP (NP an expected premium) (PP of (NP (NP (QP 2 1) %) (PP to (NP the closing share price)))))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 terms) (VP are (VP fixed (NP *-1) (NP-TMP Nov. 2) (ADVP-TMP *T*-2))))))))) .)) (TOP (NP (NP Credit Lyonnais Australia Ltd .) (PRN -LRB- French parent -RRB-) -- (NP (NP (QP 50 million) Australian dollars) (PP of (NP (NP (QP 16 1) % bonds) (ADJP due (NP-TMP Nov. 30 , 1992)) , (VP priced (NP *) (PP-CLR at (NP 102)) (S-PRP (NP-SBJ *) (VP to (VP yield (NP (NP 16.03 %) (PP less (NP full fees)))))) , (PP via (NP Hambros Bank Ltd)))))) .)) (TOP (NP (NP Guarantee) (PP by (NP Credit Lyonnais)) .)) (TOP (NP Fees (QP 1 1) .)) (TOP (NP (NP (NP World Bank) (NP -LRB- agency -RRB-)) -- (NP (NP (QP # 100 million) *U*) (PP of (NP (NP (ADJP (QP 10 7) %) bonds) (ADJP due (NP-TMP Aug. 15 , 1994)) , (VP offered (PP-CLR at (NP 96.95)) (S-PRP (NP-SBJ *) (VP to (VP yield (NP 11.71 %)))) , (PP via (NP Baring Brothers & Co)))))) .)) (TOP (NP (NP Tap) (PP-LOC on (NP outstanding (ADJP (QP # 100 million) *U*) issue)) .)) (TOP (SINV (VP-1 (ADVP Also) issued (NP *-2)) (VP were (VP *T*-1)) (NP-SBJ-2 (NP (QP 10 billion) yen) (PP of (NP (NP bonds) (ADJP due (NP-TMP Dec. 5 , 1994)) , (VP priced (NP *) (PP-CLR at (NP (QP 101 1))) , (PP with (NP (NP coupon) (VP paid (NP *) (PP-MNR in (NP Australian dollars))))) , (PP via (NP LTCB International Ltd)))))) .)) (TOP (S (NP-SBJ-1 (NP Interest) (PP-TMP during (NP first year))) (VP paid (NP *-1) (ADVP-MNR semiannually) (PP at (NP 7.51 %))) .)) (TOP (S (ADVP-TMP Thereafter) , (NP-SBJ-1 interest) (VP paid (NP *-1) (ADVP-MNR annually) (PP at (NP 7.65 %))) .)) (TOP (S (NP-SBJ The World Bank) (ADVP also) (VP offered (NP (NP (QP 100 million) Swiss francs) (PP of (NP (NP (ADJP 6 %) bonds) (ADJP due (NP-TMP Nov. 16 , 1999)) , (VP priced (PP-CLR at (NP (QP 101 1))) (S (NP-SBJ *) (VP to (VP yield (NP 5.83 %)))) (PP via (NP Credit Suisse))))))) .)) (TOP (NP (NP Option (S *ICH*-1)) (PP by (NP borrower)) (S-1 (NP-SBJ *) (VP to (VP increase (NP issue amount) (PP-CLR to (NP (QP 150 million) francs))))) .)) (TOP (NP (NP (NP Mandom Corp .) (NP -LRB- Japan -RRB-)) -- (NP (NP (QP 80 million) Swiss francs) (PP of (NP (NP (ADJP (ADVP privately) placed) convertible notes) (ADJP due (NP-TMP March 31 , 1994)) , (PP with (NP (NP fixed (ADJP 0.25 %) coupon) (PP at (NP par)))) , (PP via (NP Nomura Bank Switzerland))))) .)) (TOP (S (NP-SBJ *) (VP Put (NP-1 *) (NP March 31 , 1992) , (PP at (NP a fixed (QP 107 3))) (S-PRP (NP-SBJ *-1) (VP to (VP yield (NP 3.43 %))))) .)) (TOP (FRAG (NP Each (ADJP 50,000 Swiss franc) note) (ADJP convertible (NP-TMP (NP Dec. 4 , 1989) , (PP through (NP March 17 , 1994))) , (PP at (NP (NP a (ADJP 5 %) premium) (PP over (NP (NP closing share price) (NP-TMP (NP Nov. 1) , (SBAR (WHADVP-2 when) (S (NP-SBJ-1 terms) (VP are (VP fixed (NP *-1) (ADVP-TMP *T*-2))))))))))) .)) (TOP (NP (NP (NP Nippon Air Brake Co .) (PRN -LRB- Japan -RRB-)) -- (NP (NP (QP 140 million) Swiss francs) (PP of (NP (NP (ADJP (ADVP privately) placed) convertible notes) (ADJP due (NP-TMP March 31 , 1994) , (PP with (NP (NP fixed 0.25 % coupon) (PP at (NP par))))) , (PP via (NP (NP Yamaichi Bank) (NP -LRB- Switzerland -RRB-)))))) .)) (TOP (S (NP-SBJ *) (VP Put (NP-1 *) (NP March 31 , 1992) , (PP at (NP fixed 107 13)) (S-PRP (NP-SBJ *-1) (VP to (VP yield (NP 3.43 %))))) .)) (TOP (NP (NP Each (ADJP 50,000 Swiss franc) note) (ADJP convertible (NP-TMP (NP Nov. 27 , 1989) , (PP through (NP March 17 , 1994))) , (PP at (NP (NP a (ADJP 5 %) premium) (PP over (NP (NP closing share price) (NP-TMP (NP Nov. 1) , (SBAR (WHADVP-2 when) (S (NP-SBJ-1 terms) (VP are (VP fixed (NP *-1) (ADVP-TMP *T*-2))))))))))) .)) (TOP (NP (NP (NP Credit Suisse Finance Gibraltar Ltd .) (NP -LRB- Swiss parent -RRB-)) -- (NP (NP (QP 100 billion) lire) (PP of (NP (NP (ADJP (QP 12 5) %) bonds) (ADJP due (NP-TMP June 30 , 1993)) , (VP priced (PP-CLR at (NP 101.45)) (S-PRP (NP-SBJ *) (VP to (VP yield (NP (NP 12.75 %) (PP less (NP full fees)))))) , (PP via (NP Banca Nazionale del Lavaro)))))) .)) (TOP (NP (NP Guarantee) (PP by (NP Credit Suisse)) .)) (TOP (NP Fees (QP 1 5) .)) (TOP (NP (NP Maryland National Bank) -- (NP (NP (QP $ 267 million) *U*) (PP of (NP securities)) (VP backed (NP *) (PP by (NP-LGS (NP home-equity lines) (PP of (NP credit)))) (PP through (NP Merrill Lynch Capital Markets)))) .)) (TOP (S (NP-SBJ The bank) (VP is (NP-PRD (NP a subsidiary) (PP of (NP Baltimore-based MNC Financial Inc)))) .)) (TOP (S (NP-SBJ-1 The securities) (VP were (VP priced (NP *-1) (S-PRP (NP-SBJ *-1) (VP to (VP float (ADVP-TMP monthly) (PP-LOC at (NP (NP 20 basis points) (PP-LOC above (NP the 30-day commercial paper rate))))))))) .)) (TOP (S (NP-SBJ (NP The issue) , (VP (ADVP-MNR formally) titled (S-TTL (NP-SBJ *) (NP-PRD (NP MNB Home Equity Loan Asset Backed Certificates) , (NP Series 1989) ,)))) (VP will (VP represent (NP (NP interest) (PP in (NP (NP a trust fund) (PP of (NP (NP home equity revolving credit line loans) (VP (VP originated (NP *) (PP by (NP-LGS (NP the retail finance division) (PP of (NP Maryland National Bank))))) and (VP secured (NP *) (ADVP-MNR primarily) (PP by (NP-LGS (NP (NP second deeds) (PP of (NP trust))) or (NP (NP second mortgages) (PP on (NP (ADJP single to four-family) residential properties)))))))))))))) .)) (TOP (S (NP-SBJ-1 The securities) (VP are (VP rated (NP *-1) (ADJP-CLR triple-A) (PP by (NP-LGS (NP (NP Moody 's)) and (NP Duff & Phelps Inc))))) .)) (TOP (S (NP-SBJ-1 They) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP have (NP (NP an average life) (PP of (NP 3.16 years)))))))) .)) (TOP (S (NP-SBJ-1 (NP Maryland National Bank 's) retail finance division) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP service (NP the loans)))))) .)) (TOP (S (S (NP-SBJ (NP First National Bank) (PP of (NP Chicago))) (VP will (VP act (PP-CLR as (NP trustee))))) , and (S (NP-SBJ-1 the transaction) (VP will (VP be (VP supported (NP *-1) (PP by (NP-LGS (NP an (ADJP 8 %) letter) (PP of (NP credit)) (VP issued (NP *) (PP by (NP-LGS (NP Dai-Ichi Kangyo Bank Ltd.) , (NP Chicago branch)))))))))) .)) (TOP (NP (NP (NP Province) (PP of (NP Nova Scotia))) -- (NP (NP (QP $ 250 million) *U*) (PP of (NP (NP (ADJP (QP 8 1) %) debentures) (ADJP due (NP-TMP Nov. 15 , 2019)) , (VP priced (PP-CLR at (NP 99.775)) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 8.28 %)))))))) .)) (TOP (S (NP-SBJ-1 (NP The noncallable issue) , (SBAR (WHNP-3 which) (S (NP-SBJ-2 *T*-3) (VP can (VP be (VP put (NP *-2) (ADVP-PUT back (PP to (NP the province))) (PP-TMP in (NP 2001))))))) ,) (VP was (VP priced (NP *-1) (PP-CLR at (NP (NP a spread) (PP of (NP (NP 41 basis points) (PP-LOC above (NP (NP the Treasury 's) 10-year note)))))))) .)) (TOP (S (S-ADV (NP-SBJ-5 *-3) (VP (VP Rated (NP-4 *-5) (ADJP-CLR-1 single-A-2) (PP-2 by (NP-LGS Moody 's))) and (VP (NP=4 *-5) (ADJP-CLR=1 single-A-minus) (PP=2 by (NP-LGS S&P))))) , (NP-SBJ-3 the issue) (VP will (VP be (VP sold (NP *-3) (PP-MNR through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Merrill Lynch Capital Markets)))))))) .)) (TOP (S (NP-SBJ Bausch & Lomb Inc.) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP plans (S (NP-SBJ *-2) (VP to (VP introduce (NP-TMP next year) (NP (NP a new line) (PP of (NP (NP sunglasses) (VP containing (NP (NP melanin) , (NP (NP the pigment) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP protects (PP-CLR against (NP (NP damage) (PP from (NP ultraviolet rays)))))))))))))))))))) .)) (TOP (S (NP-SBJ The optical products company) (VP has (VP signed (NP a licensing agreement) (PP-CLR with (NP (NP Photoprotective Technologies Inc.) , (NP (NP a (ADJP (ADVP closely) held) firm) (PP-LOC in (NP (NP San Antonio) , (NP Texas))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP developed (NP (NP a method) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP incorporate (NP the synthetic melanin) (PP-CLR into (NP plastic lenses)) (ADVP-MNR *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Security Pacific Corp.) (VP has (VP set (NP its sights) (PP-CLR on (S-NOM (NP-SBJ *) (VP buying (NP its second bank holding company) (NP-TMP this year)))))) .)) (TOP (S (NP-SBJ Security) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP (NP a letter) (PP of (NP intent (S (NP-SBJ *) (VP to (VP purchase (NP La Jolla Bancorp))))))) , (S-ADV (NP-SBJ-1 *) (VP agreeing (S (NP-SBJ *-1) (VP to (VP pay (NP (NP $ 15 *U*) (PP of (NP its own stock))) (PP-CLR for (NP (NP each share) (PP of (NP La Jolla))))))))))))) .)) (TOP (S (PP Based (PP on (NP (NP the current number) (PP of (NP La Jolla shares))))) , (NP-SBJ that) (VP gives (NP the transaction) (NP (NP a value) (PP of (NP (QP $ 104 million) *U*)))) .)) (TOP (S (NP-SBJ La Jolla) (VP is (NP-PRD (NP the parent company) (PP of (NP (NP La Jolla Bank & Trust Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP 12 branches) (PP-LOC in (NP San Diego County)))))))))) .)) (TOP (S (S-TPC-1 (PP-TMP As (PP of (NP Sept. 30))) , (NP-SBJ the bank) (VP had (NP (NP (NP assets) (PP of (NP (QP $ 511 million) *U*))) and (NP (NP deposits) (PP of (NP (QP $ 469 million) *U*)))))) , (NP-SBJ Security Pacific) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP-TMP Earlier (NP this month)) , (NP-SBJ (NP Security Pacific) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (PP-LOC-PRD among (NP (NP the 10 largest bank holding companies) (PP-LOC in (NP the U.S.))))))) ,) (VP completed (NP (NP the acquisition) (PP of (NP (ADJP San Diego-based) Southwest Bancorp)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP South Africa 's) current account surplus) (VP swelled (PP-CLR to (NP (NP a (ADJP (ADVP seasonally) adjusted) annual rate) (PP of (NP (NP (QP between five billion and six billion) rand) (PRN -LRB- (NP (QP $ 1.9 billion and $ 2.28 billion) *U*) -RRB-))))) (PP-TMP in (NP the third quarter)))) , (NP-SBJ Reserve Bank Governor Chris Stals) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The surplus) (VP was (NP-PRD (NP (NP (QP two billion) rand) (PP-TMP in (NP the second quarter))) and (NP (NP (QP 2.7 billion) rand) (PP-TMP in (NP the first quarter))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ this improvement) (VP means (SBAR 0 (S (NP-SBJ it) (VP is (ADVP-TMP still) (ADJP-PRD possible (S (NP-SBJ *) (VP to (VP reach (NP (NP the targeted current account surplus) (PP of (NP (QP four billion) rand)) (PP-TMP for (NP 1989)))))))))))))) .)) (TOP (S (NP-SBJ Moscom Corp.) (VP said (SBAR 0 (S (NP-SBJ its board) (VP approved (NP (NP the repurchase) (PP of (NP (QP as many as 300,000) common shares))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ market conditions) (VP are (ADJP-PRD suitable) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP The maker) (PP of (NP telecommunications management systems))) (VP had (NP (NP 6,420,268 shares) (ADJP outstanding)) (PP-TMP as (PP of (NP Sept. 30)))) .)) (TOP (S (PP-LOC In (NP over-the-counter trading)) (NP-TMP yesterday) , (NP-SBJ Moscom) (VP closed (PP-CLR at (NP $ 4.375 *U*)) , (ADVP up (NP 37.5 cents))) .)) (TOP (S (NP-SBJ Service Corp. International) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP (NP net income) (PP of (NP (NP 15 cents) (NP-ADV a share)) (PP for (NP the third quarter)))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP release (NP third-quarter results) (PP-TMP in (NP mid-November))))))))) .)) (TOP (S (NP-SBJ The funeral home and cemetery operator) (VP changed (PP-CLR from (NP a fiscal year)) (PP-CLR to (NP a calendar year)) (PP-TMP in (NP December))) .)) (TOP (S (PP-TMP In (NP (NP the comparable year-ago quarter) , (NP (NP the second quarter) (SBAR (WHNP-1 0) (S (NP-SBJ *-1) (VP ended (NP-TMP-CLR Oct. 31))))) ,)) (NP-SBJ Service Corp.) (VP had (NP (NP (NP a loss) (PP of (NP (NP (QP about $ 12.5 million) *U*) , or (NP (NP 26 cents) (NP-ADV a share)) ,))) (PP-LOC on (NP (NP revenue) (PP of (NP (QP $ 175.4 million) *U*)))))) .)) (TOP (S (NP-SBJ (NP Results) (PP for (NP that quarter))) (VP included (NP (NP a (ADJP (ADJP (QP $ 30 million) *U*) , or (ADJP (NP 40 cents) (NP-ADV a share))) , write-down) (VP associated (NP *) (PP-CLR with (NP (NP the consolidation) (PP of (NP a facility))))))) .)) (TOP (S (NP-SBJ (NP Your (ADJP Sept. 25) criticism) (PP of (NP credit-card foreign-exchange charges))) (VP is (ADJP-PRD unwarranted)) .)) (TOP (S (S (NP-SBJ I) (VP have (VP (ADVP just) returned (PP-CLR from (NP France))))) , and (S (NP-SBJ (NP the net exchange rate) (VP charged (NP *) (PP-CLR on (NP my Visa account)))) (VP was (ADJP-PRD (ADJP more favorable) (SBAR than (S (NP-SBJ I) (VP obtained (PP-CLR for (NP (NP traveler 's) checks)) (PP-LOC in (NP (NP any) (PP of (NP (NP the several banks) (SBAR (WHADVP-1 where) (S (NP-SBJ I) (VP converted (NP them) (ADVP-LOC *T*-1)))))))))))))) .)) (TOP (NP (NP Vincent Jolivet) (NP-LOC (NP Kenmore) , (NP Wash)) .)) (TOP (S (NP-SBJ (NP The state-controlled French metals group) (NP-LOC Pechiney S.A.)) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP signed (NP a preliminary accord (S (NP-SBJ *) (VP to (VP sell (NP its Paris headquarters) (PP-DTV to (NP (NP Groupement Foncier Francais) and (NP Nouveaux Constructeurs))) (PP-CLR for (NP (NP (QP 2.76 billion) francs) (NP -LRB- (QP $ 443 million) *U* -RRB-)))))))))))) .)) (TOP (S (NP-SBJ-4 (NP The sale) , (SBAR (WHNP-3 which) (S (NP-SBJ-2 Pechiney) (VP had (VP been (ADJP-PRD eager (S (NP-SBJ *-2) (VP to (VP make (NP *T*-3))))) (PP-TMP for (NP several months)))))) ,) (VP (VP is (ADVP-TMP still) (ADJP-PRD subject (PP to (NP certain unspecified conditions)))) and (VP is (VP expected (S (NP-SBJ-1 *-4) (VP to (VP be (VP completed (NP *-1) (PP-TMP during (NP (NP the first quarter) (PP of (NP 1990))))))))))) , (X (NP the group)) .) ) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Hong Kong 's) main measure) (PP of (NP consumer prices))) (VP rose (NP-EXT 10 %) (PP-TMP in (NP September)) (PP-TMP from (NP (NP a year) (ADVP-TMP earlier))))) , (NP-SBJ the government) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The Consumer Price Index `` A '') , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP measures (NP price changes) (PP for (NP (NP the 50 %) (PP of (NP (NP urban households) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP spend (NP (NP (QP between 2,000 Hong Kong dollars (PRN -LRB- (NP US$ 256.18 *U*) -RRB-) and HK$ 6,499) *U*) (NP-ADV a month)))))))))))) ,) (VP edged (ADVP-CLR up) (NP-EXT 1.5 %) (PP-TMP in (NP September)) (PP-TMP from (NP August))) .)) (TOP (S (NP-SBJ (NP Index `` B '') , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP monitors (NP (NP price changes) (PP for (NP (NP the 30 %) (PP of (NP (NP urban households) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP spend (NP (NP (QP between HK$ 6,500 and HK$ 9,999) *U*) (NP-ADV a month))))))))))))) ,) (VP (VP rose (NP-EXT 9.9 %) (NP-TMP last month) (PP-TMP from (NP (NP a year) (ADVP-TMP earlier)))) and (VP was (ADVP-PRD up (NP-ADV 1.3 %)) (PP-TMP from (NP the preceding month)))) .)) (TOP (S (NP-SBJ (NP (NP September 's) Hang Seng Consumer Price Index) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP measures (NP (NP price changes) (PP for (NP (NP the 10 %) (PP of (NP (NP urban households) (VP spending (NP (NP (NP HK$ 10,000 *U*) and (NP HK$ 24,999 *U*)) (NP-ADV a month)))))))))))) , (VP (VP was (ADVP-PRD-2 up (NP-ADV 11 %)) (PP-TMP-4 from (NP a year ago))) and (VP (ADVP-PRD=2 up (NP-ADV 1.3 %)) (PP-TMP=4 from (NP August)))) .)) (TOP (S (NP-SBJ (NP The main factors) (PP for (NP (NP the September increase) (PP from (NP the previous month))))) (VP were (NP-PRD (NP higher prices) (PP for (NP services , food and housing)))) .)) (TOP (S (NP-SBJ (NP Prices) (PP *ICH*-1)) (VP fell (ADVP marginally) (PP-1 for (NP fuel and electricity))) .)) (TOP (S (S-TPC-1 (NP-SBJ (ADJP (ADJP West German) and (ADJP French)) authorities) (VP have (VP cleared (NP (NP (NP Dresdner Bank AG 's) takeover) (PP of (NP (NP a majority stake) (PP in (NP (NP Banque Internationale de Placement) (PRN -LRB- (NP BIP) -RRB-))))))))) , (NP-SBJ Dresdner Bank) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The approval) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP had (VP been (VP expected (NP *-1)))))) ,) (VP permits (S (NP-SBJ (NP West Germany 's) second-largest bank) (VP to (VP acquire (NP (NP shares) (PP of (NP the French investment bank))))))) .)) (TOP (S (PP-LOC In (NP a first step)) , (NP-SBJ Dresdner Bank) (VP will (VP buy (NP (NP 32.99 %) (PP of (NP BIP))) (PP for (NP (NP (NP (NP 1,015 French francs) (PRN -LRB- (NP $ 162 *U*) -RRB-)) (NP-ADV a share)) , or (NP (NP (QP 528 million) francs) (PRN -LRB- (NP (QP $ 84.7 million) *U*) -RRB-)))))) .)) (TOP (S (NP-SBJ Dresdner Bank) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (ADVP also) (VP buy (NP (NP all shares) (VP tendered (NP *) (PP by (NP-LGS shareholders)) (PP-LOC on (NP the Paris Stock Exchange)))) (PP at (NP the same price)) (PP-TMP (PP from (NP today)) (PP through (NP Nov. 17)))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the bank) (VP has (NP an option (S (NP-SBJ *) (VP to (VP buy (NP (NP a (ADJP 30.84 %) stake) (PP-LOC in (NP BIP))) (PP-CLR from (NP Societe Generale)) (PP-TMP after (NP Jan. 1 , 1990)) (PP at (NP (NP 1,015 francs) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ (NP Furukawa Electric Co.) , (NP (NP one) (PP of (NP (NP Japan 's) leading electric wire and cable manufacturers))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP unconsolidated pretax profit) (PP-TMP in (NP (NP the fiscal first half) (VP ended (NP *) (NP-TMP-CLR Sept. 30))))) (VP fell (NP-EXT 5.3 %) (PP-DIR to (NP (NP (QP 6.11 billion) yen) (PRN -LRB- (NP (QP $ 43.1 million) *U*) -RRB-))) (PP-DIR from (NP (NP (QP 6.45 billion) yen) (NP-TMP (NP a year) (ADVP earlier)))))))) .)) (TOP (S (NP-SBJ Sales) (VP increased (NP-EXT 11.9 %) (PP-DIR to (NP (QP 279.39 billion) yen)) (PP-DIR from (NP (QP 249.68 billion) yen))) .)) (TOP (S (NP-SBJ Net) (VP fell (NP-EXT 1 %) (PP-DIR to (NP (QP 3.23 billion) yen)) (PP-DIR from (NP (QP 3.26 billion) yen))) .)) (TOP (S (NP-SBJ Pershare net) (VP fell (PP-DIR to (NP 4.97 yen)) (PP-DIR from (NP 5.40 yen))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 (NP The growing sales) (VP sustained (NP *) (PP by (NP-LGS domestic demand)))) (VP failed (S (NP-SBJ *-2) (VP to (VP counter (NP (NP (NP rising material metal costs) and (NP declining profitability)) (PP-LOC in (NP overseas construction)))))))) , (NP-SBJ Furukawa) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Rolled copper product sales) (VP were (NP-PRD (NP major contributors) (PP to (NP overall sales growth)))) .)) (TOP (S (NP-SBJ (NP Sales) (PP by (NP category))) (VP rose (NP-EXT 24 %) (PP-DIR to (NP (QP 35.23 billion) yen)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP increased production) (PP-LOC in (NP (NP automobile , airconditioner and electric machine industries) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (NP-PRD (NP major users) (PP of (NP wire and cable products)))))))))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP electric wires and cables))) (VP rose (NP-EXT 13.2 %) (PP-DIR to (NP (QP 153.93 billion) yen))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP West Germany 's) cost-of-living index) (VP (VP rose (NP-EXT a preliminary 0.3 %) (PP-TMP in (NP October)) (PP-TMP from (NP September))) and (VP was (ADVP-PRD up (NP-ADV 3.3 %)) (PP-TMP from (ADVP-TMP (NP a year) earlier))))) , (NP-SBJ (NP the Federal Statistics Office) (PP-LOC in (NP Wiesbaden))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The increase) (VP follows (NP (NP a monthly rise) (PP of (NP 0.2 %)) (PP-TMP in (NP September)) (PP-TMP from (NP August)))) .)) (TOP (S (NP-SBJ-1 (NP Preliminary cost-of-living data) (PP for (NP the current month))) (VP are (VP calculated (NP *-1) (PP-MNR based (PP on (NP (NP inflation data) (PP from (NP (NP the four largest West German states) -- (NP (NP Baden-Wuerttemberg) , (NP North Rhine-Westphalia) , (NP Bavaria) and (NP Hesse))))))))) .)) (TOP (S (NP-SBJ The Philippine government) (VP awarded (NP (NP Finland 's) Outokumpu Oy) (NP the contract (S (NP-SBJ *) (VP to (VP upgrade (NP (NP the facilities) (PP of (NP Philippine Associated Smelting & Refining Corp.))))))) , (PP according (PP to (NP (NP documents) (PP from (NP (NP National Development Corp.) , (NP (NP one) (PP of (NP (NP Philippine company 's) owners))))))))) .)) (TOP (S (NP-SBJ-1 The project) (VP (VP costs (NP (QP $ 46.8 million) *U*)) , and (VP is (VP intended (S (NP-SBJ *-1) (VP to (VP boost (NP (NP the company 's) production capacity) (PP-EXT by (NP 25 %)) (PP-DIR to (NP (NP 34,500 metric tons) (PP of (NP copper cathode)) (NP-ADV a year))))))))) .)) (TOP (S (NP-SBJ Outokumpu) (VP is (NP-PRD a mining , trading and construction concern)) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP September sales) (PP-LOC at (NP major Japanese retail stores))) (VP rose (NP-EXT 9.4 %) (PP-TMP from (NP (NP a year) (ADVP-TMP earlier))) (PP-DIR to (NP (NP (QP 1.388 trillion) yen) (PRN -LRB- (NP (QP $ 9.81 billion) *U*) -RRB-))) , (S-ADV (NP-SBJ *) (VP marking (NP the fifth-consecutive monthly increase))))) , (NP-SBJ (NP the Ministry) (PP of (NP International Trade and Industry))) (VP announced (SBAR 0 (S *T*-1))) .)) (TOP (S (PP According (PP to (NP the ministry))) , (NP-SBJ (NP retail sales) (PP-LOC at (NP major department stores))) (VP were (ADVP-PRD up (NP-ADV 12 %) (PP to (NP (QP 745.7 billion) yen))) , (SBAR-ADV while (S (NP-SBJ (NP sales) (PP-LOC at (NP supermarkets))) (VP rose (NP-EXT 6.7 %) (PP-DIR to (NP (QP 642 billion) yen)))))) .)) (TOP (S (NP-SBJ (NP September 's) growth) (VP followed (NP (NP (NP a (ADJP 8.7 %) rise) (PP-TMP in (NP July))) and (NP (NP an (ADJP 8 %) increase) (PP-TMP in (NP August)))) , (S-ADV (NP-SBJ *) (VP showing (NP (NP continued expansion) (PP at (NP high year-on-year levels)))))) .)) (TOP (S (NP-SBJ A ministry official) (VP said (SBAR 0 (S (NP-SBJ the growth) (VP leads (PP-DIR to (NP the conclusion (SBAR 0 (S (NP-SBJ (NP the adverse effects) (PP of (NP (NP a consumption tax) (VP introduced (NP *) (PP-TMP in (NP April)))))) (VP have (VP diminished)))))))))) .)) (TOP (S (NP-SBJ Shell Canada Ltd.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP build (NP a lubricants blending and packaging plant) (PP-LOC at (NP (NP Brockville) , (NP Ontario))) , (SBAR with (S (NP-SBJ-2 start-up) (VP scheduled (NP *-2) (PP-TMP-CLR for (NP 1992)))))))))))) .)) (TOP (S (NP-SBJ A spokesman) (VP said (SBAR 0 (S (NP-SBJ (NP the plant) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP replace (NP (NP older lubricant and grease manufacturing plants) (PP-LOC in (NP Montreal and Toronto))))))) ,) (VP will (VP cost (NP (NP (QP about 50 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 42.5 million) *U*) -RRB-)) (S-CLR (NP-SBJ *) (VP to (VP build (NP *?*))))))))) .)) (TOP (S (NP-SBJ Brockville) (VP is (ADVP-PRD (NP (QP about 100) miles) east (PP of (NP Toronto)))) .)) (TOP (S (NP-SBJ (NP Shell Canada) , (NP an oil and gas producer and marketer) ,) (VP is (NP-PRD (NP a unit) (PP of (NP (NP Royal Dutch/Shell Group) , (NP an Anglo-Dutch concern))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ the going) (VP gets (ADJP-PRD tough) (ADVP-TMP *T*-2)))) , (NP-SBJ (NP it) (S-3 *EXP*-1)) (VP 's (ADJP-PRD tough) (S-1 (NP-SBJ *) (VP to (VP trade (NP stocks) (PP-LOC in (NP continental Europe)))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP the troubling conclusion) (VP reached (NP *) (PP by (NP-LGS (NP many international investors and money managers) (ADJP angry (PP at (NP (NP the malfunctions) (PP-LOC on (NP Continental stock exchanges)) (PP-TMP during (NP (NP last week 's) global market turbulence)))))))))) .)) (TOP (S (NP-SBJ They) (VP say (SBAR 0 (S (NP-SBJ the recent market volatility) (VP has (VP underscored (NP (NP the shortcomings) (PP of (NP (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ many European exchanges) (VP trade (NP stocks) (ADVP-MNR *T*-1)))))))))))) .)) (TOP (S (NP-SBJ (NP The weaknesses) (PP of (NP Continental exchanges))) (VP are (VP driving (S (NP-SBJ some fund managers) (VP to (VP switch (NP business) (PP-CLR to (NP (NP stocks) (VP traded (NP *) (PP-LOC on (NP (NP (NP London 's) stock exchange) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP quotes (NP firm trading prices) (PP for (NP (NP (QP about 350) blue-chip issues) (PP from (NP 12 major countries))))))))))))))))) .)) (TOP (SINV (S-TPC-2 `` (S (NP-SBJ I) (VP 'm not (VP saying (SBAR 0 (S (NP-SBJ London) (VP covered (NP itself) (PP-MNR in (NP glory)))))))) , but (S (NP-SBJ (NP the events) (PP of (NP the past week))) (VP have (ADVP certainly) (VP exposed (NP (NP Europe 's) weaknesses)))) , '') (VP says (S *T*-2)) (NP-SBJ (NP Stewart Gilchrist) , (NP (NP a director) (PP of (NP (NP Scottish Amicable Investment Managers) (PP-LOC in (NP (NP Glasgow) , (NP Scotland))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP manages (NP (NP (QP about # 6 billion) *U*) (PRN -LRB- (NP (QP $ 9.63 billion) *U*) -RRB-) (PP in (NP institutional money)))))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ (NP the problems) (PP-LOC on (NP European exchanges))) (VP included (NP (NP market-system breakdowns) , (NP (NP delayed execution) (PP of (NP buy and sell orders))) and (NP trading suspensions)))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ The events) (VP strengthen (NP (NP London 's) hand) (PP-MNR in (S-NOM (NP-SBJ *) (VP becoming (NP-PRD (NP the center) (PP for (S-NOM (NP-SBJ *) (VP trading (NP European stocks))))))))) , '') (NP-SBJ Mr. Gilchrist) (VP says (S *T*-1)) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (ADJP-PRD Unable (S (NP-SBJ *-2) (VP to (VP unload (NP (NP a large block) (PP of (NP (NP a French blue-chip company 's) shares))) (PP-LOC in (NP Paris)) (PP-TMP for (NP two days)) (NP-TMP last week)))))) , (NP-SBJ-1 a frustrated Scottish Amicable fund manager) (ADVP finally) (VP (VP tossed (ADVP down) (NP her phone) (PP in (NP disgust))) and (VP called (NP (NP James Capel & Co.) , (NP a London brokerage firm)))) .)) (TOP (S (NP-SBJ The firm) (VP did (NP the trade) (PP-TMP in (NP seconds)) (PP-LOC on (NP (NP the London stock exchange 's) SEAQ automated-quotation system))) .)) (TOP (S (PP-TMP On (NP (NP so-called Manic Monday) , (NP Oct. 16) ,)) (S (NP-SBJ stock prices) (VP plunged (PP-LOC-CLR across (NP Europe)))) and (S (NP-SBJ trading problems) (VP erupted)) .)) (TOP (S (NP-SBJ London) (VP had (NP some problems) , (ADVP too)) .)) (TOP (S (NP-SBJ (NP The London exchange 's) electronic price-reporting system) (VP provided (NP only indicative , or non-firm , prices) (PP-TMP for (NP about 40 minutes)) (PP-TMP on (NP Manic Monday))) .)) (TOP (S (NP-SBJ Some dealers) (VP say (SBAR 0 (S (NP-SBJ other traders) (VP were n't (VP picking (PRT up) (NP their phones)))))) .)) (TOP (S But (NP-SBJ (NP London 's) problems) (VP were (NP-PRD nothing) (PP compared (PP with (NP the Continent 's)))) .)) (TOP (S (PP-LOC In (NP (NP Brussels) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP recently) (VP spent (NP (NP millions) (PP of (NP dollars))) (PP-CLR on (NP a computer-assisted trading system))))))) , (NP-SBJ disgusted traders) (VP watched (ADVP-MNR helplessly) (SBAR-SBJ as (S (NP-SBJ (NP a software failure) (PP-TMP before (NP (NP opening) (PP-TMP on (NP Manic Monday))))) (VP prevented (NP trading) (PP-TMP for (NP two days)))))) .)) (TOP (S (PP-TMP For (NP 48 hours)) , (NP-SBJ no one) (VP had (NP-CLR any idea) (SBAR (WHNP-1 precisely how much) (S (NP-SBJ his securities) (VP were (ADJP-PRD worth (NP *T*-1)))))) .)) (TOP (S (PP-TMP By (NP Wednesday)) , (NP-SBJ frustrated Belgian brokers) (VP reopened (NP the market) (PP-MNR by (S-NOM (NP-SBJ *) (VP using (NP (NP the time-honored method) (PP of (S-NOM (NP-SBJ *) (VP quoting (NP stocks) (PP-MNR with (NP chalk)) (PP-LOC on (NP a blackboard)))))))))) .)) (TOP (S (NP-SBJ-2 The Belgian computer system) (ADVP finally) (VP was (VP repaired and restarted (NP *-2) (PP-TMP on (NP (NP Tuesday) (PP of (NP this week)))) , (PP-MNR with (NP (NP the aid) (PP of (NP (NP Toronto Stock Exchange officials) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP developed (NP the system)))))))))) .)) (TOP (S (PP-LOC In (NP (NP Frankfurt) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP only) (VP has (NP a two-hour daily stock-trading session) (PP-TMP (ADVP even) in (NP (NP the best) (PP of (NP times))))))))) , (NP-SBJ stocks) (VP did n't (VP open (PP-TMP for (NP the first 45 minutes)) (PP-PRP because of (NP (NP order imbalances) (SBAR (WHNP-2 that) (S (NP-SBJ brokers) (VP blame (NP *T*-2) (PP-CLR on (NP (NP a wave) (PP of (NP (NP sell orders) (PP from (NP small investors))))))))))))) .)) (TOP (S (S (SBAR-TMP As (S (NP-SBJ banks) (VP processed (NP (NP six-foot telexes) (PP of (NP sell orders)))))) , (NP-SBJ the crush) (VP led (PP-DIR to (NP (NP Manic Monday 's) worst decline)))) : (S (NP-SBJ German stocks) (VP ended (ADVP-CLR down (NP 13 %)))) .)) (TOP (S (NP-SBJ-1 Exchange officials) (VP extended (NP trading hours) , (NP-ADV (NP (NP 75 minutes) (PP-TMP on (NP Monday))) and (NP (NP 65 minutes) (PP-TMP on (NP Tuesday)))) , (S-PRP (NP-SBJ *-1) (VP to (VP clear (PRT up) (NP order backlogs))))) .)) (TOP (S (S-TPC-1 (PP-LOC In (NP France)) , (NP-SBJ (NP (QP more than half) the top 25 blue-chip stocks) (PRN -- (PP including (NP (NP such giants) (PP as (NP (NP BSN) and (NP Elf Aquitaine))))) --)) (VP did n't (VP open (SBAR-TMP until (S (NP-SBJ Wall Street) (VP rallied (ADVP-TMP late (PP in (NP the European trading day))))))))) , (NP-SBJ traders) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The rally) (VP transformed (NP some big sell orders) (PP-CLR into (NP big buy orders)) , (S-ADV (NP-SBJ *) (VP solving (NP an order-imbalance problem)))) .)) (TOP (S But (PP-TMP by (NP that time)) , (NP-SBJ many big institutions) (VP had (VP switched (NP business) (PP-CLR to (NP London)))) .)) (TOP (S `` (S (NP-SBJ-1 Belgium) (VP was (VP closed (NP *-1) (PP-TMP for (NP two days))))) , (S (NP-SBJ France) (VP closed (PP-TMP for (NP (NP a couple) (PP of (NP hours)))))) , (S (NP-SBJ-2 Germany) (VP was (VP stuck (NP *-2)))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ It) (VP was (NP-PRD a nightmare))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Susan Noble) , (NP (NP an investment manager) (PP-LOC at (NP (NP (NP Robert Fleming Holdings Ltd. 's) International Investment Management unit) (PP-LOC in (NP London)))))) .)) (TOP (S `` (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP 's (ADJP-PRD very worrying) (SBAR-2 that (S (NP-SBJ these markets) (VP ca n't (VP cope))))) . '')) (TOP (S (PP-TMP On (NP Manic Monday)) , (S (NP-SBJ (NP the volume) (PP of (NP (NP German shares) (VP traded (NP *) (PP-LOC in (NP London)))))) (VP (ADVP more than) tripled (PP-DIR to (NP 2.2 million)))) , and (S (NP-SBJ (NP the volume) (PP of (NP French shares))) (VP rose (NP-EXT 48 %))) .)) (TOP (S -LRB- (PP By (NP comparison)) , (NP-SBJ (NP German domestic stock volume) (PP-LOC in (NP Frankfurt))) (VP (ADVP only) doubled (NP-TMP that day)) . -RRB-)) (TOP (S (NP-SBJ (NP The switch) (PP to (NP the London market)) (PP-TMP during (NP such turbulent times))) (VP is (ADJP-PRD significant)) .)) (TOP (S (S (PP For (NP one thing)) , (NP-SBJ (NP the size) (PP of (NP the affected market))) (VP is (ADJP-PRD enormous))) -- (S (NP-SBJ the European stock markets) (VP account (PP-CLR for (NP (NP (QP some 22.5) %) (PP of (NP global stock market capitalization)))) , (PP with (NP (NP an estimated value) (PP of (NP (QP $ 2.175 trillion) *U*)))) , (PP according (PP-CLR to (NP Morgan Stanley Capital International))))) .)) (TOP (S (NP-SBJ The Continental markets alone) (VP contribute (NP (NP (QP about 14.3) %) (PP of (NP (NP estimated world market capitalization) (PP of (NP (QP $ 9.671 trillion) *U*)))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ (NP the (ADJP widely traded) shares) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP are (VP quoted (NP *-1) (PP-LOC in (NP London))))))) (VP account (PP-CLR for (NP (NP only a small portion) (PP of (NP those totals))))))) , (NP-SBJ they) (VP (VP (ADVP-TMP still) are (NP-PRD the (ADJP (ADVP most closely) watched) (NP stocks))) and (VP are (ADVP-TMP often) (VP viewed (PP-CLR as (NP (NP a barometer) (PP for (NP the local markets)))) (ADVP generally)))) .)) (TOP (S (NP-SBJ (NP The switch) (PP to (NP London))) (VP underscores (NP the fact (SBAR that (S (PP despite (NP (NP the economic restructuring) (VP associated (NP *) (PP-CLR with (NP European Community efforts (S (NP-SBJ *) (VP to (VP develop (NP a single market) (PP-TMP by (NP 1992)))))))))) , (NP-SBJ European stock trading) (VP remains (NP-PRD a (ADJP (ADJP highly fragmented) and (ADJP very localized)) activity)))))) .)) (TOP (S (PP-LOC Against (NP this backdrop)) , (NP-SBJ (NP one thing) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP does n't (VP seem (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP result (PP-CLR from (NP 1992))))))))))) (VP is (NP-PRD a single European stock market)) .)) (TOP (S (ADVP Rather) , (NP-SBJ there) (ADVP increasingly) (VP is (NP-PRD (NP a group) (PP of (NP (NP international brokerage and trading firms) (SBAR (WHNP-4 that) (S (NP-SBJ *T*-4) (VP operate (PP-LOC in (NP most European financial centers))))))) -- (PP including (NP (NP (NP European giants) (PP such as (NP (NP Barclays Bank PLC) and (NP Deutsche Bank)))) , (CONJP as well as) (NP (NP (NP (NP Merrill Lynch & Co.) and (NP Shearson Lehman Hutton Inc.)) (PP of (NP the U.S.))) and (NP (NP Japan 's) Nomura Securities Co)))))) .)) (TOP (S (NP-SBJ (NP These firms) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP often) (VP have (VP acquired (NP a local brokerage firm))))) ,) (VP are (VP calling (NP the shots) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ it) (VP comes (PP-CLR to (S-NOM (NP-SBJ-2 *) (VP deciding (SBAR (WHPP-3 in (WHNP which market)) (S (NP-SBJ *-2) (VP to (VP transact (NP a trade) (PP-LOC *T*-3)))))))) (ADVP-TMP *T*-4)))))) .)) (TOP (S And (NP-SBJ (NP senior officials) (PP of (NP two U.S. securities houses))) (VP say (SBAR 0 (S (NP-SBJ they) (VP switched (NP (NP trades) (PP-LOC in (NP European stocks))) (PP-CLR to (NP the London market)) (NP-TMP (NP last week) (SBAR (WHADVP-1 when) (S (NP-SBJ they) (VP could n't (VP unwind (NP (NP positions) (PP-LOC on (NP the Continent))) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (ADVP-TMP Meantime) , (NP-SBJ (NP brokers) (PP-LOC on (NP the Continent))) (VP are (ADJP-PRD worried (PP *ICH*-1)) , (ADVP too) , (PP-1 (ADVP mostly) by (NP (NP the potential loss) (PP of (NP business))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ I) (VP would (VP be (ADJP-PRD much happier) (SBAR-ADV if (S (NP-SBJ (NP this volume) (PRN -LCB- (PP in (NP German stocks)) -RCB-)) (VP were (PP-LOC-PRD in (NP (NP Frankfurt) (PP rather than (NP London))))))))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Dieter Bauernfeind) , (NP (NP head) (PP of (NP (NP international equity sales) (PP-LOC at (NP (NP Dresdner Bank) (PP-LOC in (NP Frankfurt)))))))) .)) (TOP (S (NP-SBJ He) (VP acknowledges (SBAR that (S (S (NP-SBJ-1 spreads) (VP `` were (ADJP-PRD-2 too wide))) and (S (NP-SBJ=1 volumes) (ADJP=2 too light) '') (PP-LOC in (NP the extreme conditions)) (PP-TMP on (NP Manic Monday))))) .)) (TOP (S (S (ADVP Already) (NP-SBJ-1 the Germans) (VP appear (S (NP-SBJ *-1) (VP to (VP be (VP acting)))))) ; (S (PP-LOC at (NP a special meeting)) (PP-TMP on (NP (NP the day) (PP of (NP the decline)))) , (NP-SBJ-2 (NP directors) (PP of (NP the Frankfurt Stock Exchange))) (VP voted (S (NP-SBJ *-2) (VP to (VP extend (NP their trading hours)))) , (SBAR-ADV although (S (NP-SBJ they) (VP have n't (VP decided (UCP (WHADVP when) or (PP by (NP how much))))))))) .)) (TOP (S (NP-SBJ-1 A Frankfurt exchange official) , (S-ADV (NP-SBJ *-1) (VP acknowledging (NP (NP the brokers ') anxieties))) , (VP says (SBAR 0 (S (NP-SBJ the market) (ADVP-TMP still) (VP feels (SBAR 0 (S (NP-SBJ it) (VP `` functioned (ADVP-MNR OK) (PP-TMP during (NP this crash))))))))) . '')) (TOP (S (NP-SBJ (NP The Dutch) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP had (NP some trading problems) (PP-PRP because of (NP insufficient computer capacity))))) ,) (VP say (SBAR 0 (S (NP-SBJ-1 (NP new equipment) (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP to (VP solve (NP the problems)))))) (VP ought (S (NP-SBJ-3 *-1) (VP to (VP be (VP installed (NP *-3) (PP-TMP within (NP a month)))))))))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ (NP a spokeswoman) (PP for (NP the Brussels Bourse))) : `` (S-1 (NP-SBJ (NP Nobody) (PP-LOC around (NP here))) (VP will (VP tell (NP you) (SBAR 0 (S (NP-SBJ they) (VP are (ADJP-PRD happy (SBAR 0 (S (NP-SBJ the system) (VP did n't (NP work))))))))))) .)) (TOP (S But (NP-SBJ it) (VP 's (NP-PRD (NP just one) (PP of (NP (NP those things) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP happened))))))) .)) (TOP (S (NP-SBJ-1 Investors) (VP can (VP be (VP assured (NP *-1) (ADVP-TMP now) (SBAR that (S (NP-SBJ (NP this kind) (PP of (NP problem))) (VP can (ADVP-TMP never) (VP occur (ADVP-TMP again)))))))) . '')) (TOP (S But (PP for (NP others)) , (NP-SBJ the pledges) (VP echo (NP (NP the promises) (VP made (NP *) (PP-TMP after (NP (NP the 1987 stock crash) , (SBAR (WHADVP when) (S (NP-SBJ similar problems) (VP led (S (NP-SBJ many markets) (VP to (VP develop (NP (NP the new systems) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP performed (ADVP-MNR so badly) (NP-TMP last week)))))))))))))))) .)) (TOP (S `` (NP-SBJ They all) (VP said (SBAR 0 (S (NP-SBJ they) (VP invested (NP (NP huge amounts) (PP of (NP money))))))) .)) (TOP (SINV (S-TPC-1 But (S (NP-SBJ they) (ADVP either) (VP did n't (VP buy (NP the right machines)))) or (S (NP-SBJ they) (VP wasted (NP it))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Fleming 's) Ms. Noble) .)) (TOP (S (S-TPC-2 (NP-SBJ Canadian steel production) (VP totaled (NP (NP 290,541 metric tons) (NP *ICH*-1)) (PP-TMP in (NP (NP the week) (VP ended (NP *) (NP-TMP-CLR Oct. 21)))) , (NP-1 (NP (NP a (ADJP 5.1 %) increase) (PP from (NP 276,334 tons) (NP-TMP the previous week))) but (NP (NP a (ADJP 7.2 %) decline) (PP from (NP 313,125 tons) (ADVP-TMP (NP a year) earlier)))))) , (NP-SBJ Statistics Canada) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The federal agency) (VP said (SBAR that (S (PP-TMP in (NP (NP the year) (PP through (NP Oct. 21)))) (NP-SBJ production) (VP totaled (NP 12,573,758 tons) , (ADVP up (NP 7.1 %) (PP from (NP 11,742,368 tons))))))) .)) (TOP (S (NP-SBJ Trinova Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP resume (S (NP-SBJ *-1) (VP buying (PRT back) (NP (NP (QP as many as three million)) (PP of (NP its common shares))))) (PP-LOC under (NP (NP a program) (VP announced (NP *) (ADVP-TMP (NP two years) ago))))))))) .)) (TOP (S (NP-SBJ (NP Trinova) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP (NP (QP 34.2 million) common shares) (ADJP outstanding)) (NP-TMP Sept. 30)))) ,) (VP had (VP repurchased (NP 29,700 shares) (PP-TMP since (NP October 1987)) (PP-TMP before (NP this latest announcement)))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP is n't (S (NP-SBJ-2 *-1) (VP making (NP a commitment (S (NP-SBJ *-2) (VP to (VP purchase (NP (NP a specific number) (PP of (NP shares))))))))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Trinova) (VP closed (PP-CLR at (NP $ 32.125 *U*)) , (ADVP up (NP 12.5 cents))) .)) (TOP (S (NP-SBJ (NP Calgene Inc.) and (NP Gustafson Inc.)) (VP said (SBAR 0 (S (NP-SBJ they) (VP plan (NP (NP a joint project) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP develop (NP (NP biological products) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP control (NP (NP such plant diseases) (PP as (NP (NP aflatoxin) , (NP a potent cancer-causing agent)))))))))))))))))) .)) (TOP (S (PP-LOC Under (NP the plan)) , (NP-SBJ-1 the companies) (VP will (VP use (NP (NP Calgene 's) patented technology) (S-CLR (NP-SBJ-2 *-1) (VP to (VP encapsulate (NP (NP microbes) (PP such as (NP (NP Bacillus subtilis) , (NP a bacterium) ,))) (S-PRP (NP-SBJ *-2) (VP to (VP enhance (NP their biological activity) (PP-CLR against (NP plant diseases)))))))))) .)) (TOP (S (NP-SBJ (NP Calgene) , (NP an agricultural biotechnology concern) ,) (VP said (SBAR 0 (S (NP-SBJ initial work) (VP will (VP concentrate (PP-CLR on (NP (NP a proprietary strain) (PP of (NP Bacillus subtilis)) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP shown (NP (NP promise) (PP for (S-NOM (NP-SBJ *) (VP controlling (NP aflatoxin)))))))))))))))) .)) (TOP (S (NP-SBJ-1 The strain) (VP was (VP (VP discovered (NP *-1) (PP by (NP-LGS Morinaga & Co.))) and (VP licensed (NP *-1) (PP-CLR to (NP (NP Gustafson) , (NP (NP a unit) (PP of (NP Uniroyal Chemical Co)))))))) .)) (TOP (S (NP-SBJ-1 Aflatoxin) (VP is (VP released (NP *-1) (PP by (NP-LGS molds)) (PP-TMP during (NP grain and seed storage)))) .)) (TOP (S (NP-SBJ (NP The recent appearance) (PP of (NP aflatoxin)) (PP-LOC in (NP (NP such foods) (PP as (NP (NP corn) and (NP peanut butter)))))) (VP has (VP sparked (NP (NP public concern) and (NP (NP consumer scrutiny) (PP of (NP food handling and storage procedures)))))) .)) (TOP (S (NP-SBJ European Community employers) (VP fear (SBAR that (S (NP-SBJ (NP (NP the EC Commission 's) plans) (PP for (NP (NP a `` charter) (PP of (NP fundamental social rights)) ''))) (VP is (NP-PRD (NP a danger) (PP to (NP industrial competitiveness))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ We) (VP do n't (VP want (S (NP-SBJ Brussels) (VP deciding (NP (NP conditions) (PP for (NP workers))) (SBAR-ADV unless (S (NP-SBJ they) (VP are (ADJP-PRD necessary and useful)))))))) , '') (VP said (S *T*-1)) (NP-SBJ (NP Zygmunt Tyszkiewicz) , (NP (NP secretary general) (PP of (NP (NP the employers ') confederation Unice)))) .)) (TOP (S (NP-SBJ (NP Unice) (PRN -- (NP (NP an acronym) (PP for (NP (NP the Union) (PP of (NP (NP Industrial and (NP Employers ') Confederations) (PP of (NP Europe))))))) --)) (VP fears (SBAR that (S (NP-SBJ the charter) (VP will (VP force (S (NP-SBJ EC countries) (VP to (VP adopt (NP (NP a single pattern) (PP-LOC in (NP labor relations))))))))))) .)) (TOP (S-2 (NP-SBJ Workers and management) (PRN , (S (NP-SBJ Mr. Tyszkiewicz) (VP said (SBAR 0 (S *T*-2)))) ,) (VP would (VP lose (NP (NP the `` flexibility and diversity '') (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (ADVP so far) (VP allowed (S (NP-SBJ them) (VP to (VP adapt (PP-CLR to (NP local conditions and traditions)))))))))))) .)) (TOP (S (NP-SBJ The British government) (ADVP also) (VP (ADVP-MNR strongly) opposes (NP (NP the charter) (PP in (NP its current form)))) .)) (TOP (S (NP-SBJ It) (VP argues (PRN , (SBAR as (SINV (VP does (VP *?*)) (NP-SBJ Unice))) ,) (SBAR that (S (NP-SBJ-2 labor relations) (VP are (ADVP best) (VP left (S (NP-SBJ-1 *-2) (VP to (VP be (VP regulated (NP *-1) (PP-LOC at (NP the national level))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ France) (VP will (VP propose (NP (NP a (ADJP slightly watered-down) version) (PP of (NP the charter)) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP discussed (NP *-1) (PP by (NP-LGS EC social-affairs ministers)) (PP-TMP on (NP Monday))))))))))) , (NP-SBJ officials) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S But (NP-SBJ-1 the cosmetic changes) (VP are n't (VP expected (S (NP-SBJ *-1) (VP to (VP win (PRT over) (NP Britain)))))) .)) (TOP (S-1 `` (NP-SBJ We) (ADVP-TMP still) (VP have (NP (NP serious differences) (PP with (NP the text))) (PRN , '' (S (NP-SBJ a British official) (VP said (S *T*-1))) ,) (SBAR-PRP because (S (NP-SBJ it) (VP provides (PP-CLR for (NP (NP a `` regulation) (PP of (NP the labor market)))))))) . '')) (TOP (S (NP-SBJ Mr. Tyszkiewicz) (VP said (SBAR 0 (S (NP-SBJ the charter) (VP would (VP put (NP (NP poorer EC countries) (PP such as (NP Spain , Greece and Portugal))) (PP-PUT at (NP a disadvantage))))))) .)) (TOP (S (NP-SBJ It) (VP would (VP (VP force (S (NP-SBJ these countries) (VP to (VP introduce (NP (NP minimum standards) (PP for (NP (NP pay) and (NP working hours)))))))) , and (VP provide (PP-CLR for (NP (NP collective bargaining) and (NP (NP worker `` participation '') (PP-LOC in (NP major corporate decisions)))))))) .)) (TOP (S-1 (NP-SBJ This) (PRN , (S (NP-SBJ he) (VP warned (SBAR 0 (S *T*-1)))) ,) (VP would (VP prevent (NP-2 these countries) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP bridging (NP the difference) (PP-CLR with (NP their richer EC brethren))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ-1 lower wages) (PRN -- (S (PP-LOC in (NP Greece)) , (NP-SBJ they) (VP are (NP-PRD (NP a third) (PP of (NP the EC average))))) --) (VP are n't (ADJP-PRD enough (S (NP-SBJ *-1) (VP to (VP offset (NP (NP (NP higher transport costs) and (NP lower productivity)) (PP-LOC in (NP the southern countries)))))))) .)) (TOP (S-1 (S-NOM-SBJ (NP-SBJ *) (VP Increasing (NP labor costs))) (PRN , (S (NP-SBJ Mr. Tyszkiewicz) (VP argued (SBAR 0 (S *T*-1)))) ,) (VP would (VP (ADVP only) put (NP the countries) (PP-PUT at (NP (NP a further disadvantage) (PP-LOC in (S-NOM (NP-SBJ *) (VP competing (PP-LOC in (NP (NP the barrier-free EC market) (VP planned (NP *) (PP-TMP for (PP after (NP 1992))))))))))))) .)) (TOP (S But (NP-SBJ the Unice official) (VP said (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP producing (NP (NP a charter) (ADJP acceptable (PP to (NP both (NP Britain) and (NP European industry))))))) (VP is n't (NP-PRD an unattainable goal))))) .)) (TOP (S (NP-SBJ-2 The charter) (VP would (VP (ADVP just) have (S (NP-SBJ-1 *-2) (VP to (VP be (VP restricted (NP *-1) (PP-CLR to (NP (NP a list) (PP of (NP (NP workers ') fundamental rights)))) , (PP without (S-NOM (NP-SBJ-3 *) (VP seeking (S (NP-SBJ *-3) (VP to (VP impose (NP any norms))))))))))))) .)) (TOP (S (NP-SBJ (NP A key provision) (PP-LOC in (NP (NP the current version) (PP of (NP the charter))))) (VP would (VP give (NP the commission) (NP (NP a mandate) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP produce (NP (NP an `` action program '') (VP detailing (SBAR (WHPP-3 on (WHNP what points)) (S (NP-SBJ-2 EC member states) (VP would (VP be (VP required (S (NP-SBJ *-2) (VP to (VP comply (PP-CLR with (NP (NP the goals) (VP set (NP *) (PRT out) (PP-LOC in (NP the charter))))) (PP *T*-3)))))))))))))))))) .)) (TOP (S (NP-SBJ This provision) (VP lies (PP-LOC-CLR at (NP (NP the heart) (PP of (NP (NP the (UCP British and Unice) fears) (PP of (NP (NP `` social engineering '') (PP by (NP the commission))))))))) .)) (TOP (S-1 (NP-SBJ One possible political solution) (PRN , (S (NP-SBJ an EC official) (VP said (SBAR 0 (S *T*-1)))) ,) (VP would (VP be (SBAR-PRD for (S (NP-SBJ the commission) (VP to (VP present (NP the action program) (PP-TMP in (NP late November)) , (PP-TMP before (NP (NP the adoption) (PP of (NP the charter)) (PP-LOC at (NP (NP a summit) (PP of (NP EC governments)) (PP-TMP on (NP Dec. 8 and 9)))))))))))) .)) (TOP (S (NP-SBJ This) (VP would (VP leave (S (NP-SBJ Britain) (ADJP-PRD free (S (NP-SBJ *) (VP to (VP adopt (NP the charter) (PP-TMP after (S-NOM (NP-SBJ *) (VP having (VP rebutted (NP the action program)))))))))))) .)) (TOP (S (NP-SBJ-1 The charter) (VP was (VP approved (NP *-1) (PP by (NP-LGS the EC Commission)) (PP-TMP on (NP Sept. 21)))) .)) (TOP (S (NP-SBJ-1 (NP (NP France 's) Socialist government) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP (ADVP-TMP currently) holds (NP (NP the council 's) rotating presidency)))) ,) (VP is (VP committed (NP *-1) (PP-CLR to (S-NOM (NP-SBJ *) (VP having (S (NP-SBJ-3 the charter) (VP adopted (NP *-3) (PP by (NP-LGS all 12 EC states)) (PP-TMP before (NP (NP the end) (PP of (NP (NP 1989) -- (NP (NP the bicentennial) (PP of (NP (NP the French revolution) and (NP (NP its `` Universal Declaration) (PP of (NP Human Rights))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Bruno DeGol) , (NP (NP chairman) (PP of (NP (NP DeGol Brothers Lumber) , (NP-LOC (NP Gallitzin) , (NP Pa.))))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP this bank-holding company)))) , (S-ADV (NP-SBJ *) (VP expanding (NP the board) (PP-CLR to (NP 11 members)))))) .)) (TOP (S (NP-SBJ (NP Sam Ramirez) and (NP his men)) (VP are (ADJP-PRD late)) .)) (TOP (S (NP-SBJ-1 They) (VP (VP pile (PP-DIR out (PP of (NP their truck)))) and (VP (ADVP-MNR furiously) begin (S (NP-SBJ *-1) (VP twisting (PRT together) (NP (NP steel pipes) (VP linking (NP a giant storage tank) (PP-CLR to (NP (NP the Sharpshooter) , (NP (NP a freshly drilled oil well) (ADJP (NP two miles) deep)))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ they) (VP finish (NP-TMP today)))) , (NP-SBJ the Sharpshooter) (VP can (VP pump (NP-TMP tomorrow))) .)) (TOP (S (NP-SBJ-1 One roustabout) , (S-ADV (NP-SBJ *-1) (VP hanging (PP-MNR by (NP his hands)) (PP-LOC from (NP a ladder)))) , (VP bounces (NP his weight) (PP-CLR on (NP a three-foot wrench)) (S-PRP (NP-SBJ *-1) (VP to (VP loosen (NP a stuck fitting))))) .)) (TOP (S-1 `` (NP-SBJ We) (VP 've (VP been (VP putting (PRT in) (NP (NP long hours) , '' (PRN (S (NP-SBJ Mr. Ramirez) (VP says (S *T*-1)))) -- (NP (NP (NP six-day weeks) and (NP 13-hour days)) (PP-TMP for (NP the last two months))))))) .)) (TOP (S (S-TPC-TMP-3 (ADVP-TMP (NP A year) ago) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ almost nothing) (VP was (VP happening (PP-LOC amid (NP these desolate dunes)) (ADVP-TMP *T*-1))))) , `` (NP-SBJ-2 you) (VP 'd (VP (VP spend (NP-TMP-CLR-4 two days) (S-CLR-5 (NP-SBJ *-2) (VP working))) and (VP (NP-CLR-TMP=4 two days) (PP-LOC=5 in (NP the yard)))))) , '' (NP-SBJ he) (VP recalls (SBAR 0 (S-TMP *T*-3))) .)) (TOP (S (PP-TMP After (NP (NP a three-year nightmare) (PP of (NP (NP uncertain oil prices) , (NP draconian budget cuts) and (NP sweeping layoffs))))) , (NP-SBJ fear) (VP is (ADVP finally) (VP leaving (NP the oil patch))) .)) (TOP (S (NP-SBJ Independent drillers) (VP are (VP (ADVP-MNR gingerly) sinking (NP bits) (PP-DIR into (NP (NP the Earth 's) crust)) (ADVP-TMP again))) .)) (TOP (S (NP-SBJ (NP Some) (PP-LOC in (NP Big Oil))) (VP are (VP easing (NP (NP the grip) (PP-LOC on (NP their wallets))))) .)) (TOP (S (S (NP-SBJ Investment capital) (VP is (VP creeping (ADVP-DIR back)))) , and (S (NP-SBJ oil properties) (VP are (VP fetching (NP more)))) .)) (TOP (S (NP-SBJ Oil-tool prices) (VP are (ADVP even) (VP edging (ADVP-DIR up))) .)) (TOP (SBARQ (WHNP-1 What) (SQ (NP-SBJ *T*-1) (VP happened)) ?)) (TOP (S (PP In (NP broadest terms)) , (NP-SBJ stability) (VP has (VP (ADVP-MNR quietly) settled (PP-CLR into (NP international oil markets)))) .)) (TOP (S (S (NP-SBJ Mideast politics) (VP have (VP calmed (PRT down)))) and (S (NP-SBJ (NP the squabbling) (PP-LOC within (NP (NP the Organization) (PP of (NP Petroleum Exporting Countries))))) (VP seems (PP-PRD under (NP control)) (PP-TMP for (NP now)))) .)) (TOP (SINV (S-TMP-1 `` (NP-SBJ (NP The fundamentals) (PP of (NP supply and demand))) (ADVP-TMP once again) (VP are (VP setting (NP oil prices))) , '') (VP says (S-TMP *T*-1)) (NP-SBJ (NP Victor Burk) , (NP an Arthur Andersen & Co. oil expert)) .)) (TOP (S (PP-TMP After (NP (NP years) (PP of (NP wild swings)))) , (NP-SBJ oil prices) (PP-TMP over (NP the last 12 months)) (VP have (VP settled (PP-LOC at (NP (NP (QP around $ 15 to $ 20) *U*) (NP-ADV a barrel))))) .)) (TOP (S (NP-SBJ That) (VP is n't (NP-PRD (NP (NP the $ 40 *U*) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP delighted (NP producers) (ADVP-TMP (NP a decade) ago))))) or (NP (NP the $ 10 *U*) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP pleased (NP users) (ADVP-TMP (NP a year) ago))))))) .)) (TOP (S But (NP-SBJ it) (VP is (ADJP-PRD (ADJP high enough (S (NP-SBJ *) (VP to (VP prod (NP (NP the search) (PP for (NP future supplies))))))) , (ADJP low enough (S (NP-SBJ *) (VP to (VP promote (NP consumption))))) and (ADJP (PRN , (ADVP most important) ,) steady enough (SBAR for (S (NP-SBJ both producers and users) (VP to (VP believe (PP in (NP *?*))))))))) .)) (TOP (SBAR Not that (S (NP-SBJ oil) (ADVP suddenly) (VP is (NP-PRD a sure thing) (ADVP-TMP again))) .)) (TOP (S (NP-SBJ The current equilibrium) (VP (VP is (ADJP-PRD fragile)) and (VP depends (PP-CLR on (NP (NP steady , strong demand) and (NP (NP continued relative harmony) (PP-LOC within (NP (NP OPEC) , (NP (NP producer) (PP of (NP (NP (QP more than 40) %) (PP of (NP (NP the non-Communist world 's) crude)))))))))))) .)) (TOP (S (NP-SBJ (NP A recession) or (NP new OPEC blowup)) (VP could (VP put (NP oil markets) (ADVP-PUT right back (PP in (NP the soup))))) .)) (TOP (S (ADVP Also) , (S (NP-SBJ the new stirrings) (VP are (ADJP-PRD faint))) , and (S (NP-SBJ some) (VP question (NP their extent))) .)) (TOP (S (S (NP-SBJ Drilling activity) (VP is (ADVP-TMP still) (PP-PRD (ADVP far) below (NP (NP eight years) ago)))) , (S (NP-SBJ there) (VP 's (NP-PRD no hiring surge))) and (S (NP-SBJ-1 some companies) (VP continue (S (NP-SBJ *-1) (VP to (VP shrink))))) .)) (TOP (S (PP With (NP all this)) , (NP-SBJ even the (ADJP most wary) oil men) (VP agree (SBAR 0 (S (NP-SBJ something) (VP has (VP changed))))) .)) (TOP (S `` (NP-SBJ-1 It) (VP does n't (VP appear (S (NP-SBJ *-1) (VP to (VP be (VP getting (ADJP-PRD worse))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 (NP That) (PP in (NP itself))) (VP has (VP got (S (NP-SBJ *-1) (VP to (VP cause (S (NP-SBJ people) (VP to (VP feel (ADJP-PRD (ADVP (NP-ADV a little) more) optimistic))))))))) , '') (VP says (S *T*-2)) (NP-SBJ (NP Glenn Cox) , (NP (NP the president) (PP of (NP Phillips Petroleum Co)))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ *-1) (ADJP-PRD modest))) , (NP-SBJ-1 the change) (VP reaches (PP-LOC-CLR beyond (NP the oil patch)) , (ADVP too)) .)) (TOP (S (NP-SBJ (NP The same roller-coaster prices) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP halted (NP U.S. oil exploration)) and (VP drove (S (NP-SBJ many veteran oil men and companies) (PP-PRD out (PP of (NP the business))))))))) (ADVP also) (VP played (NP-CLR havoc) (PP-CLR with (NP (NP (NP the nation 's) inflation rate) , (NP the trade deficit) and (NP (NP oil users ') corporate and personal budgets)))) .)) (TOP (S (ADVP-TMP Now) , (PP at (ADJP least)) (NP-SBJ (NP some predictability) (PP *ICH*-1)) (VP has (VP returned) , (PP-1 for (NP (NP everyone) (PP (PP from (NP economists)) (PP to (NP motorists)))))) .)) (TOP (S (NP-SBJ Corporate planners) (VP can (VP plan (ADVP again))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ Management) (VP does n't (VP want (NP surprises))) , '') (VP notes (S *T*-1)) (NP-SBJ (NP Jack Zaves) , (SBAR (WHNP-2 who) , (S (PP as (NP (NP fuel-services director) (PP-LOC at (NP American Airlines)))) , (NP-SBJ *T*-2) (VP buys (NP (NP (QP some 2.4 billion) gallons) (PP of (NP jet fuel)) (NP-ADV a year)))))) .)) (TOP (S (NP-SBJ Prices) (VP had (VP been (ADJP-PRD so unstable (SBAR that (S (NP-TMP two years ago) (NP-SBJ Mr. Zaves) (VP gave (PRT up) (PP-CLR on (NP long-term forecasts)))))))) .)) (TOP (SINV (S-TPC-1 And (NP-SBJ consumers) `` (VP should (VP be (ADJP-PRD comfortable))) , '') (VP adds (S *T*-1)) (NP-SBJ (NP W. Henson Moore) , (NP (NP U.S. deputy secretary) (PP of (NP energy)))) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP see (NP (NP anything) (PP-LOC on (NP the horizon)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP lead (PP-CLR to (NP (NP a precipitous rise) (PP-LOC in (NP the price))))))))))) . '')) (TOP (S (NP-SBJ (NP The catalyst) (PP for (NP all this))) (VP has (VP been (NP-PRD OPEC))) .)) (TOP (S (ADVP-TMP (NP About a year) ago) , (NP-SBJ it) (VP ended (NP (NP an on-again , off-again internal production war) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (VP (VP put (NP prices) (PP-PUT on (NP a roller coaster))) and (VP pitched (NP (NP oil towns) (PP-LOC (PP from (NP Houston)) (PP to (NP Caracas)))) (PP-DIR into (NP recession))))))))) .)) (TOP (S (NP-SBJ (NP Saudi Arabia) , (NP (NP OPEC 's) kingpin) ,) (VP abandoned (NP (NP a policy) (PP of (S-NOM (NP-SBJ-1 *) (VP flooding (NP the market) (S-PRP (NP-SBJ *-1) (VP to (VP punish (NP quota-cheaters))))))))) .)) (TOP (S (PP-TMP About (NP the same time)) , (NP-SBJ (NP the Iran-Iraq war) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (VP roiling (NP oil markets))))) ,) (VP ended) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ global petroleum demand) (VP has (VP been (VP climbing))) .)) (TOP (S (NP-SBJ-1 It) (VP is (VP projected (S (NP-SBJ *-1) (VP to (VP keep (VP growing (PP-MNR by (NP (NP (NP a million barrels) (NP-TMP a day)) , or (NP (NP (QP up to 2) %) (ADVP-TMP annually)))) , (PP-TMP for (NP (NP years) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP come)))))))))))) .)) (TOP (S (PP For (NP OPEC)) , (NP-SBJ that) (VP 's (ADJP-PRD ideal)) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The resulting firm prices and stability) `` (VP will (VP allow (S (NP-SBJ both (NP producers) and (NP consumers)) (VP to (VP plan (ADVP-MNR confidently)))))) , '') (VP says (S *T*-1)) (NP-SBJ Saudi Arabian Oil Minister Hisham Nazer) .)) (TOP (S (NP-SBJ OPEC Secretary-General Subroto) (VP explains : (S (NP-SBJ Consumers) (VP offer (NP (NP security) (PP of (NP markets))) , (SBAR-ADV while (S (NP-SBJ OPEC) (VP provides (NP (NP security) (PP of (NP supply))))))))) .)) (TOP (S (S-TPC-3 `` (NP-SBJ This) (VP is (NP-PRD (NP an opportune time) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP find (NP (NP mutual ways) (SBAR (WHNP-2 0) (S -LCB- (NP-SBJ *T*-2) (VP to (VP prevent -RCB- (NP price shocks) (PP-CLR from (S-NOM (NP-SBJ *) (VP happening (ADVP-TMP again))))))))))))))) , '') (NP-SBJ he) (VP says (S *T*-3)) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP promote (NP this balance)))) , (NP-SBJ-1 OPEC) (ADVP-TMP now) (VP is (ADVP-TMP finally) (VP confronting (NP a long-simmering internal problem))) .)) (TOP (S (PP-TMP At (NP its November meeting)) , (NP-SBJ-2 it) (VP will (VP try (S (NP-SBJ-3 *-2) (VP to (VP revise (NP its quotas) (S-PRP (NP-SBJ *-3) (VP to (VP satisfy (NP (NP Persian Gulf members) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP can (VP produce (NP (NP (ADJP far more) oil) (PP than (NP their allotments)))))))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ-1 *) (VP Being (VP held (S (NP-SBJ *-1) (PP-PRD (ADVP well) below (NP capacity)))))) (VP (VP (ADVP-MNR greatly) irritates (NP them)) , and (VP has (VP led (PP-CLR to (NP widespread cheating))))) .)) (TOP (S (NP-SBJ-1 OPEC) (VP has (VP (ADVP-MNR repeatedly) raised (NP its self-imposed production ceiling) (S-PRP (NP-SBJ *-1) (VP to (VP legitimize (NP (NP some) (PP of (NP that unauthorized output)))))))) .)) (TOP (S (NP-SBJ-3 Oil ministers) (ADVP-TMP now) (VP hope (S (NP-SBJ *-3) (VP to (VP solve (NP the issue) (ADVP for good) (PP-MNR through (NP (NP an Iranian proposal) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP gives (NP (NP a larger share) (PP of (NP output))) (PP-DTV to (NP (NP countries) (PP with (NP surplus capacity))))) and (VP reduces (NP (NP the shares) (PP of (NP (NP those) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP ca n't (VP produce (NP more) (ADVP anyway)))))))))))))))))) .)) (TOP (SINV (S-TPC-2 But `` (SBAR-ADV if (S (NP-SBJ they) (VP walk (ADVP-DIR out) (PP without (NP (NP any effort (S (NP-SBJ *) (VP to (VP resolve (NP their problem)))))))))) , (NP-SBJ production) (VP could (VP increase (PP-CLR to (NP (NP (QP 23 million or 24 million) barrels) (NP-TMP a day))) , (S-ADV (NP-SBJ *) (VP making (PP-CLR for (NP a (ADJP very troublesome) first quarter)))))) , '') (VP warns (SBAR 0 (S *T*-2))) (NP-SBJ (NP Nordine Ait-Laoussine) , (NP a consultant and former Algerian OPEC delegate)) .)) (TOP (S (NP-SBJ That) (VP would (VP send (NP-2 prices) (S-CLR (NP-SBJ *-2) (VP plummeting (PP-DIR from (SBAR-NOM (WHNP-1 what) (S (NP-SBJ some gun-shy U.S. oil executives) (ADVP-TMP still) (VP regard (NP *T*-1) (PP-CLR as (NP (ADJP too low) a level)))))))))) .)) (TOP (S (NP-SBJ (NP Patrick J . Early) , (NP (NP president) (PP of (NP (NP Amoco Corp. 's) oil-production unit))) ,) (VP says (SBAR that (S (PP despite (NP recent stability)) , (NP-SBJ he) (VP plans (NP (NP (NP continued tightening) (PP of (NP costs))) and (NP exploration spending)))))) .)) (TOP (S-1 (NP-SBJ (NP The view) (PP of (NP (NP some others) (PP-LOC in (NP Big Oil))))) (PRN , (S (NP-SBJ he) (VP maintains (SBAR 0 (S *T*-1)))) ,) (VP `` is (ADJP-PRD (ADVP very much) -LCB- similar (PP to -RCB- (NP (NP Amoco 's) outlook)))) . '')) (TOP (S (NP-TMP Just this week) (NP-SBJ Mobil Corp.) (VP disclosed (NP (NP new cutbacks) (PP-LOC in (NP its domestic exploration and production operations)))) .)) (TOP (S (S (ADVP-LOC Out here) (PP-LOC on (NP (NP the Querecho Plains) (PP of (NP New Mexico)))) , (ADVP however) , (NP-SBJ the mood) (VP is (ADJP-PRD more upbeat))) ; (S (S (NP-SBJ trucks) (VP rumble (PP-LOC-CLR along (NP the dusty roads)))) and (S (NP-SBJ (NP burly men) (PP in (NP hard hats))) (VP sweat and swear (PP through (NP the afternoon sun))))) .)) (TOP (S (NP-SBJ (NP Santa Fe Energy Co.) , (NP (NP a unit) (PP of (NP Santa Fe Southern Pacific Co.))) ,) (VP bought (PP-CLR from (NP Amoco)) (NP (NP the rights) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP allowed (S (NP-SBJ it) (VP to (VP drill (NP the Sharpshooter))))))))) .)) (TOP (SINV (ADVP-LOC (NP A mile (QP and a half)) away) looms (NP-SBJ (NP (NP the 150-foot-tall rig) (PP of (NP the Sniper))) , (ADJP due (S (NP-SBJ *) (VP to (VP be (VP pumping (PP-TMP by (NP December)))))))) .)) (TOP (SINV (S-TPC-2 `` (NP-SBJ Talk) (VP is (SBAR-PRD that (S (NP-SBJ-1 everybody) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP drill (NP more wells))))))))) , '') (VP says (S *T*-2)) (NP-SBJ foreman Tommy Folsom) .)) (TOP (S (NP-SBJ-1 Santa Fe) (VP aims (S (NP-SBJ *-1) (VP to (VP (VP drill (NP-2 (QP about 30) wells) (PP-LOC in (NP this area)) (PP-TMP-3 in (NP 1989))) and (VP (NP=2 double that) (NP-TMP=3 next year)))))) .)) (TOP (S (S (NP-SBJ It) (VP is (ADJP-PRD (ADJP more aggressive) (PP than (ADJP most))))) , but (S (NP-SBJ it) (VP is n't (NP-PRD (NP the only company) (PP with (NP a new attitude))) , (SBAR-ADV as (S (NP-SBJ it) (VP found (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP went (VP looking (PP-CLR for (NP (NP a partner) (PP for (NP the Sharpshooter)))) (ADVP-TMP *T*-1)))))))))) .)) (TOP (SINV (S-TPC-2 `` (NP-SBJ-1 We) (VP went (PP-DIR to (NP six companies)) (PP-TMP over (NP two days)) (S-ADV (NP-SBJ *-1) (VP pitching (NP the prospect)))) , '') (VP says (S *T*-2)) (NP-SBJ (NP Tim Parker) , (NP a Santa Fe exploration manager)) .)) (TOP (S `` (NP-SBJ Five) (VP were (ADJP-PRD interested)) . '')) (TOP (S (NP-SBJ-1 Mitchell Energy & Development Corp.) (VP became (NP-PRD the partner) , (S-ADV (NP-SBJ *-1) (VP ponying (PRT up) (NP (NP (NP (QP more than half)) (PP of (NP (NP the $ 600,000 *U*) (PP in (NP drilling and start-up costs))))))))) .)) (TOP (S (NP-SBJ Mitchell) (VP will (VP get (NP (NP a half-interest) (PP in (NP the oil))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP `` A kind) (PP of (NP no-mistakes mentality)) '') (VP had (VP been (VP stifling (NP activity)))) ,) (VP says (S *T*-1)) (NP-SBJ (NP Don Covey) , (NP (NP Mitchell 's) oil exploration chief)) .)) (TOP (S (ADVP-TMP Now) `` (NP-SBJ everybody) (VP is (ADJP-PRD (ADVP (NP-ADV a lot) more) optimistic)) . '')) (TOP (S (NP-SBJ (NP One attraction) (PP for (NP (NP oil operators) (UCP (ADVP-LOC here) and (PP-LOC in (NP other fields)))))) (VP is (NP-PRD (NP (NP the bargain-basement cost) (PP of (NP drilling and equipment))) , (VP reflecting (NP (NP (NP service companies ') hunger) (PP for (NP work)))))) .)) (TOP (S (NP-SBJ (NP Kadane Oil Co.) , (NP a small Texas independent) ,) (VP is (ADVP-TMP currently) (VP (VP drilling (NP two wells) (NP-ADV itself)) and (VP putting (NP money) (PP-PUT into (NP three others))))) .)) (TOP (S (NP-SBJ (NP (NP One) (PP of (NP its wells))) , (PP-LOC in (NP southwestern Oklahoma)) ,) (VP is (NP-PRD (NP a `` rank wildcat , '') (NP (NP a risky well) (SBAR (WHADVP-2 where) (S (NP-SBJ-1 oil) (ADVP-TMP previously) (VP has n't (VP been (VP found (NP *-1) (ADVP-LOC *T*-2))))))))) .)) (TOP (SINV (S-TPC-2 `` (PP (PP At (NP (NP this price) , (NP (NP $ 18 *U*) (ADVP plus or minus)) ,)) and (PP with (NP (NP costs) (VP being (ADJP-PRD (ADJP significantly less) (SBAR than (S (NP-SBJ they) (VP were (ADJP-PRD *?*) (ADVP-TMP (NP several years) ago))))))))) , (NP-SBJ the economics) (VP are (ADJP-PRD pretty good)) , '') (VP (S *T*-2) says) (NP-SBJ (NP George Kadane) , (NP (NP head) (PP of (NP the company)))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ you) (VP know (SBAR 0 (S (NP-SBJ you) (VP 've (VP got (NP (NP stability) (PP-LOC in (NP price)))))))))) , (NP-SBJ you) (VP can (VP do (NP (NP things) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP would n't (VP do (NP *T*-1) (PP with (NP (NP the volatility) (PP of (NP the past few years))))))))))) . '')) (TOP (S (NP-SBJ The activity) (VP is (ADJP-PRD enough (S (NP-SBJ *) (VP to (VP move (NP some oil-service prices) (PRT back) (PRT up) (NP-ADV a little)))))) .)) (TOP (S (NP-SBJ Some drill-bit prices) (VP have (VP risen (NP-EXT 5 %) (PP-TMP in (NP the past month)))) .)) (TOP (S (PP-LOC In (NP (NP the Gulf) (PP of (NP Mexico)))) , (NP-SBJ (NP a boat) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP deliver (NP supplies) (PP-DIR to (NP offshore rigs))))))) (ADVP-TMP now) (VP costs (NP (NP (NP (QP around $ 3,000) *U*) (NP-TMP a day)) , (ADVP up (NP (QP nearly 60) %) (PP-TMP since (NP June))))) .)) (TOP (S (NP-SBJ-1 Some service boats) (ADVP-TMP recently) (VP were (VP auctioned (NP *-1) (PP-CLR for (NP (NP (NP (QP about $ 1.7 million) *U*) (NP-SBJ each)) , (ADVP up (PP from (NP (QP less than $ 1 million) *U*) (ADVP-TMP (NP two years) ago))))))) .)) (TOP (S (S-TPC-1 (S (PP-LOC At (NP (NP the bottom) (PP of (NP the slump)))) , (NP-SBJ Schlumberger Inc.) (VP was (VP discounting (NP-EXT 75 %) (PP-CLR on (NP (NP an electronic evaluation) (PP of (NP a well))))))) ; (S (ADVP-TMP now) (NP-SBJ it) (VP discounts (NP-ADV (QP about 50) %)))) , (NP-SBJ drillers) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP Still) , (NP-SBJ there) (VP is (NP-PRD (NP money) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP made (NP *-1)))))))) .)) (TOP (S (NP-SBJ Most oil companies) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP set (NP (NP exploration and production budgets) (PP for (NP this year))) (ADVP-TMP *T*-1)))) , (VP forecast (NP (NP revenue) (PP of (NP (NP $ 15 *U*) (PP for (NP (NP each barrel) (PP of (NP crude)) (VP produced (NP *)))))))) .)) (TOP (S (NP-SBJ Prices) (VP have (VP (VP averaged (ADVP-CLR (ADVP (NP (NP (QP more than $ 2) *U*) (NP-ADV a barrel)) higher) (PP than (NP that)))) -- (NP-ADV not (NP a windfall) , but (ADVP at least) (NP (NP a pleasant bonus) (PP for (NP them)))))) .)) (TOP (S (ADVP So) , (PP according (PP to (NP a Dun & Bradstreet Corp. survey))) , (NP-SBJ (NP companies) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP had (VP been (VP refusing (S (NP-SBJ *-2) (VP to (VP spend (NP even their (ADJP very conservative) budgets)))))))))) (VP may (VP loosen (PRT up) (PP-TMP before (NP year end)))) .)) (TOP (S (NP-SBJ It) (VP says (SBAR 0 (S (NP-SBJ (NP 40 %) (PP of (NP (NP those) (VP surveyed (NP *))))) (VP report (SBAR that (S (NP-SBJ 1989 exploration spending) (VP will (VP exceed (NP 1988 's))))))))) .)) (TOP (S (NP-SBJ (NP Funds) (PP for (NP drilling))) (VP may (VP inch (ADVP up) (NP-ADV more) (NP-TMP next year) (SBAR-ADV if (S (NP-SBJ oil prices) (VP stay (ADJP-PRD stable)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Texaco) , (VP thinking (PP-MNR in (NP (NP terms) (PP of (NP (NP (ADJP $ 18-to-$19 *U*) oil) (PP-TMP for (NP 1990))))))) ,) (VP may (VP raise (NP (NP spending) , (PP (ADVP especially) for (NP low-risk prospects)))))) , (NP-SBJ an official) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Outside investors) , (ADJP scarce (PP-TMP since (NP '86)))) , (VP are (VP edging (ADVP-DIR back))) .)) (TOP (S-2 (SBAR-ADV Although (S `` (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADVP-TMP still) (ADJP-PRD difficult) (S-1 (NP-SBJ *) (VP to (VP raise (NP (NP money) (PP for (NP a pure wildcat program))))))) , '')) (PRN (SINV (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP William Thomas) , (NP (NP a Texas Commerce Bank official) (PP-LOC in (NP Houston)))))) , `` (NP-SBJ-3 institutions) (VP are (VP starting (S (NP-SBJ *-3) (VP to (VP see (SBAR 0 (S (S (NP-SBJ there) (VP are (NP-PRD (NP cycles) (PP to (NP these things))))) , and (S (NP-SBJ-4 this one) (VP is (VP beginning (S (NP-SBJ *-4) (VP to (VP turn))))))))))))) . '')) (TOP (S (NP-SBJ Wall Street) (ADVP generally) (VP likes (NP the industry) (ADVP-TMP again)) .)) (TOP (S (NP-SBJ (NP The appetite) (PP for (NP oil-service stocks))) (VP has (VP been (ADJP-PRD especially strong) , (SBAR-ADV although (S (NP-SBJ some) (VP got (VP hit (NP-TMP yesterday) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Shearson Lehman Hutton) (VP cut (NP (NP its short-term investment ratings) (PP on (NP them))) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (S (NP-SBJ (NP Contractors) (PP such as (NP Parker Drilling Co.))) (VP are (VP raising (NP cash) (ADVP-TMP again) (PP-MNR through (NP stock offerings))))) , and (S (PP for (NP (NP the first time) (PP-TMP in (NP years)))) , (NP-SBJ two oil-service companies) (ADVP-TMP recently) (VP went (ADJP-PRD public))) .)) (TOP (S -LRB- (NP-SBJ They) (VP are (NP-PRD (NP (NP Grace Energy Corp.) (PP of (NP Dallas))) and (NP (NP Marine Drilling Co.) (PP of (NP Houston))))) . -RRB-)) (TOP (S (NP-SBJ-2 Most oil companies) (VP are (ADVP-TMP still) (ADJP-PRD reluctant (S (NP-SBJ *-2) (VP to (VP add (PP-CLR to (NP (NP the office and professional staffs) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP slashed (NP *T*-1) (ADVP-MNR so deeply))))))))))) .)) (TOP (S But (NP-SBJ a few new spots) (VP are (VP opening)) .)) (TOP (S (NP-SBJ (NP Arthur Andersen) , (NP the accounting firm) ,) (VP has (VP increased (NP its energy staff) (NP-EXT 10 %) (PP-TMP in (NP a year)))) .)) (TOP (S (PP-LOC Out (PP in (NP the oil fields))) , (SBAR-ADV if (S (NP-SBJ activity) (VP picks (ADVP-CLR up) (ADVP much more)))) , (NP-SBJ shortages) (VP could (VP appear (SBAR-PRP because (S (NP-SBJ (ADVP so many) roughnecks , roustabouts and others) (VP left (PP-TMP after (NP the crash))))))) .)) (TOP (S (ADVP Already) `` (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (ADJP-PRD hard) (S-2 (NP-SBJ *) to (VP get (NP people)))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ They) (VP 're (ADJP-PRD so busy)) , '') (VP says (S *T*-1)) (NP-SBJ (NP one Santa Fe drilling foreman) (ADVP-LOC here)) .)) (TOP (S (PP For (NP most field workers)) , (NP-SBJ it) (VP 's (NP-PRD (ADVP about) time)) .)) (TOP (S (NP-SBJ (NP Mr. Ramirez) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP arrived (ADVP-TMP late) (PP-CLR-LOC at (NP the Sharpshooter)) (PP-MNR with (NP his crew)) (SBAR-PRP because (S (NP-SBJ-3 he) (VP had (VP started (ADVP-TMP early (PP in (NP the morning))) (S-CLR (NP-SBJ *-3) (VP setting (PRT up) (NP tanks) (PP-LOC at (NP another site))))))))))) ,) (ADVP just) (VP got (NP (NP the first raise) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP can (VP remember (NP *T*-2) (PP-TMP in (NP eight years)))))) , (PP (PP to (NP (NP $ 8.50 *U*) (NP-ADV an hour))) (PP from (NP $ 8 *U*))))) .)) (TOP (S (NP-SBJ (NP Norman Young) , (NP (NP a `` mud-logger '') (PP-LOC at (NP the Sniper well))) ,) (VP has (VP worked (NP (NP (QP all but about nine) days) (PP of (NP this year))))) .)) (TOP (S (S-TPC-1 (S (NP-TMP-3 Last year) , `` (NP-SBJ I) (VP was (ADVP-PRD off) (NP-TMP-2 a straight month))) , then (S (NP-TMP=3 one time) (PP-TMP=2 for (NP (QP two to three) weeks))) and (S (NP-TMP=3 another) (NP-TMP=2 (QP two to three) weeks))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Butch McCarty) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sells (NP oil-field equipment) (PP for (NP Davis Tool Co.))))) ,) (VP is (ADVP also) (ADJP-PRD busy)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD (NP A native) (PP of (NP the area)))) , (NP-SBJ-1 he) (VP is (ADVP-PRD back) (ADVP-TMP now) (PP-TMP after (S-NOM (NP-SBJ-2 *) (VP (VP riding (NP the oil-field boom) (PP-DIR to (NP the top))) , (VP (ADVP-TMP then) surviving (NP the bust) (S-CLR (NP-SBJ *-2) (VP running (NP an Oklahoma City convenience store)))))))) .)) (TOP (S (S-TPC-1 `` (NP-TMP (NP First year) (SBAR (WHADVP-2 0) (S (NP-SBJ I) (VP came (ADVP back) (ADVP-TMP *T*-2))))) (NP-SBJ there) (VP was n't (NP-PRD any work)) , '') (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ it) (VP 's (PP-PRD on (NP (NP the way) (ADVP back))) (ADVP-TMP now))))) .)) (TOP (S But (NP-SBJ it) (VP wo n't (VP be (NP-PRD a boom) (ADVP-TMP again))) .)) (TOP (S (FRAG (NP-TPC-1 (NP No major booms) , (NP no major setbacks) ,)) '' (NP-SBJ he) (VP predicts (NP *T*-1)) .)) (TOP (S (NP-SBJ Business) (VP has (VP been (ADJP-PRD good enough (SBAR that (S (NP-SBJ he) (ADVP just) (VP (VP took (NP (NP a spur-of-the-moment weekend trip) (PP to (NP (NP the mountain area) (PP of (NP Cloudcroft)))))) , (NP (NP something) (SBAR `` (WHNP-1 0) (S (NP-SBJ I) (VP have n't (VP done (NP *T*-1) (PP-TMP in (NP years))))))))))))) . '')) (TOP (S (NP-SBJ The figures) (VP confirm (SBAR that (S (NP-SBJ there) (ADVP certainly) (VP is n't (NP-PRD any drilling boom))))) .)) (TOP (S (NP-SBJ-1 (NP (QP Only 14,505) wells) , (PP including (NP 4,900 dry holes)) ,) (VP were (VP drilled (NP *-1) (PP-CLR for (NP (NP oil) and (NP natural gas))) (PP-LOC in (NP the U.S.)) (PP-TMP in (NP (NP the first nine months) (PP of (NP the year)))) , (ADVP down (NP 22.4 %) (PP from (NP the like 1988 period))))) .)) (TOP (S But (NP-SBJ that) (VP was (PRT off) (ADJP-PRD (ADJP less) (PP than (PP-TMP at (NP (NP midyear) , (SBAR (WHADVP when) (S (NP-SBJ completions) (VP lagged (PP-EXT by (NP 27.1 %)))))))))) .)) (TOP (S And (NP-SBJ (NP the number) (PP of (NP (NP rigs) (ADJP active (PP-LOC in (NP the U.S.)))))) (VP is (VP inching (ADVP-DIR up))) .)) (TOP (S (PP According (PP to (NP Baker Hughes Inc.))) , (NP-SBJ 992 rotary rigs) (VP were (PP-PRD at (NP work)) (PP-LOC in (NP the U.S.)) (NP-TMP last week) , (ADVP up (PP from (NP the year-ago count) (PP-TMP of (NP 933))))) .)) (TOP (S -LRB- (PP-TMP In (NP 1981)) , (PP-TMP before (NP the bust)) , (NP-SBJ the rig count) (VP was (PP-PRD above (NP 4,000))) . -RRB-)) (TOP (S (NP-SBJ Global offshore-rig use) (VP shows (NP a similar upward trend)) .)) (TOP (S (NP-SBJ (NP Some equipment) (VP going (PP-DIR to (VP work)))) (VP is (ADJP-PRD almost new)) .)) (TOP (S (NP-SBJ-1 Grace Energy) (ADVP-TMP (NP just two weeks) ago) (VP hauled (NP a rig) (NP-DIR here) (PP-LOC (NP-ADV 500 miles) from (NP (NP Caspar) , (NP Wyo.) ,)) (S-PRP (NP-SBJ *-1) (VP to (VP drill (NP (NP the Bilbrey well) , (NP a 15,000-foot , (ADJP $ 1-million-plus *U*) natural gas well)))))) .)) (TOP (S (NP-SBJ-1 The rig) (VP (VP was (VP built (NP *-1) (PP-TMP around (NP 1980)))) , but (VP has (VP drilled (NP (NP (QP only two) wells) , (NP (NP the last) (PP-TMP in (NP 1982))))))) .)) (TOP (S (PP-TMP Until (NP now)) (NP-SBJ it) (VP had (VP sat (ADJP-CLR idle))) .)) (TOP (S (PP For (NP (NP Zel Herring) , (NP (NP owner) and (NP (NP a cook) (PP-LOC at (NP (NP the Sandhills Luncheon Cafe) , (NP (NP a tin building) (PP-LOC in (NP midtown))))))))) , (NP-SBJ all this) (VP has (VP made (PP-CLR for (NP a (ADJP very good) year)))) .)) (TOP (S (S-TPC-1 (PP-TMP After (NP (NP 11:30 a.m.) (ADVP or so))) `` (NP-SBJ we) (VP have (S (NP-SBJ them) (VP standing and waiting))) , '') (NP-SBJ she) (VP says (S *T*-1) , (SBAR-ADV as (S (NP-SBJ she) (VP whips (PRT out) (NP (NP orders) (PP for (NP (NP hamburgers) and (NP (NP the daily special) (PRN -LRB- (UCP (NP (NP grilled roast beef , cheese and jalapeno pepper sandwich) (PP on (NP whole wheat))) , (NP potato salad) , (NP baked beans) and (NP pudding) , (PP plus (NP (NP coffee) or (NP iced tea))))))))))))) .)) (TOP (NP (NP Price) : (NP $ 4.50 *U*) -RRB- .)) (TOP (S (NP-SBJ (NP Mike Huber) , (NP a roustabout) ,) (VP is (VP (ADVP even) making (NP it) (PP-LOC in (NP (NP his new career) (PP as (NP an entrepreneur)))))) .)) (TOP (S (NP-SBJ He) (VP (VP started (NP Arrow Roustabouts Inc.) (ADVP-TMP (NP a year) ago) (PP-MNR with (NP (NP (NP a loan) (PP from (NP a friend))) , (VP (ADVP-TMP since) repaid (NP *) ) ,))) and (VP (ADVP-TMP now) employs (NP 15))) .)) (TOP (S (NP-SBJ He) (VP got (NP (NP three trucks) and (NP a backhoe)) (ADVP-MNR cheap)) .)) (TOP (S (S-TPC-2 `` (NP-SBJ-1 I) (VP want (S (NP-SBJ *-1) (VP to (VP add (NP one more truck))))) , '') (NP-SBJ Mr. Huber) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ I) (VP sense (SBAR that (S (NP-SBJ-1 it) (VP 's (VP going (S (NP-SBJ-2 *-1) (VP to (VP continue (S (NP-SBJ *-2) (VP to (VP grow))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD the word)) .)) (TOP (S (NP-SBJ The word) (VP is (ADJP-PRD out)) .)) (TOP (S (NP-SBJ-1 (NP Eight people) , (PP including (NP (NP a supervisor) (PP of (NP (NP Security Pacific National Bank 's) central vault)))) ,) (VP were (VP arrested (NP *-1) (PP in (NP (NP an investigation) (PP of (NP an alleged drug money-laundering operation)))))) .)) (TOP (S (NP-SBJ-2 (NP The U.S. Attorney 's) office) (VP filed (NP (NP a criminal complaint) (PP against (NP six bank employees))) (S-ADV (NP-SBJ *-2) (VP charging (NP them) (PP-CLR with (NP (NP conspiracy) (PP-LOC in (NP (NP the scheme) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP apparently) (VP was (ADJP-PRD capable (PP of (S-NOM (NP-SBJ-3 *) (VP handling (NP (NP millions) (PP of (NP dollars)) (NP-ADV a week)) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP funneling (NP cash) (PP-CLR through (NP fictitious bank accounts))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Two other men) (ADVP also) (VP were (VP charged (NP *-1) (PP-CLR with (S-NOM (NP-SBJ *) (VP participating (PP-LOC-CLR in (NP the operation))))))) .)) (TOP (S (NP-SBJ The arrests) (VP capped (NP (NP a four-month investigation) (PP by (NP (NP the Internal Revenue Service) , (NP (NP the U.S. Attorney 's) office) and (NP a Security Pacific internal investigation team))))) .)) (TOP (S (NP-SBJ (NP Walter S. Fisher) , (NP (NP executive vice president) and (NP general auditor) (PP of (NP (NP (NP the bank 's) parent) , (NP Security Pacific Corp.)))) ,) (VP said (SBAR 0 (S (NP-SBJ no bank funds) (VP were (PP-PRD at (NP risk)) (PP-TMP during (NP the investigation)))))) .)) (TOP (SINV (VP-2 Arrested (NP *-1)) (VP were (VP *T*-2)) (NP-SBJ-1 (NP (NP Jose O. Lopez) , (ADJP (NP 27 years) old) , (PP of (NP (NP Whittier) , (NP Calif.))) , (NP the vault supervisor)) ; (NP (NP Carlos O. Huerta) , (NP 29) , (PP of (NP La Puente))) ; (NP (NP Luis A. Arroyo) , (NP 36) , (PP of (NP Los Angeles))) ; (NP (NP Ignacio Rojas Jr.) , (NP 32) , (PP of (NP Baldwin Park))) ; (NP (NP Doris Moreno) , (NP 37) , (PP of (NP Bell Gardens))) ; and (NP (NP Ana L. Azucena) , (NP 27) , (PP of (NP Huntington Park)))) .)) (TOP (S (NP-SBJ-1 (NP (NP Geno M. Apicella) , (NP 27) , (PP of (NP Los Angeles))) , and (NP (NP Terrell N. Madison) , (NP 27) , (PP of (NP Hawthorne))) ,) (VP were (ADVP also) (VP charged (NP *-1) (PP-CLR with (S-NOM (NP-SBJ *) (VP participating (PP-LOC-CLR in (NP the conspiracy))))))) .)) (TOP (S (NP-SBJ Each defendant) (VP faces (NP (NP (NP a possible sentence) (PP of (NP (NP 20 years) (PP-LOC in (NP prison))))) and (NP (NP $ 250,000 *U*) (PP in (NP fines))))) .)) (TOP (S (NP-SBJ-1 The defendants) (VP could n't (ADVP-TMP immediately) (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-SBJ-1 S.A. Brewing Holdings Ltd.) (VP began (S (NP-SBJ *-1) (VP laying (NP (NP the groundwork) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP launch (NP (NP a rival offer) (PP for (NP (NP Bond Corp . Holdings Ltd. 's) Australian brewing operations))))))))))) .)) (TOP (S (NP-SBJ Such an offer) (VP could (VP torpedo (NP (NP a plan (S *ICH*-1)) (PP by (NP (NP Lion Nathan Ltd.) (PP of (NP New Zealand)))) (S-1 (NP-SBJ *) (VP to (VP acquire (NP half the brewing interests))))))) .)) (TOP (S But (NP-SBJ it) (VP would (ADVP probably) (VP increase (NP (NP the amount) (PP of (NP (NP cash) (SBAR (WHNP-1 that) (S (NP-SBJ debt-ridden Bond Corp.) (VP would (VP earn (NP *T*-1) (PP-CLR from (NP the transaction))))))))))) .)) (TOP (S (NP-SBJ (NP Australia 's) National Companies and Securities Commission) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP allow (S (NP-SBJ S.A. Brewing) (VP to (VP acquire (NP (NP an option) (PP-LOC on (NP (NP (QP as much as 20) %) (PP of (NP (NP Bell Resources Ltd.) , (NP (NP a unit) (PP of (NP Bond Corp.)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (PP-PRD in (NP (NP the process) (PP of (S-NOM (NP-SBJ *) (VP acquiring (NP (NP Bond Corp. 's) brewing businesses) (PP-CLR for (NP (NP (QP 2.5 billion) Australian dollars) (PRN -LRB- (NP (QP US$ 1.93 billion) *U*) -RRB-))))))))))))))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP S.A. Brewing) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD 20%-owned (PP by (NP (NP Elders IXL Ltd.) , (NP (NP Australia 's) largest brewer))))))) ,) (VP will (VP make (NP (NP a takeover offer) (PP for (NP (NP all) (PP of (NP Bell Resources))))) (SBAR-ADV if (S (NP-SBJ it) (VP exercises (NP the option))))))) , (NP-SBJ the corporate regulators) (VP said (SBAR 0 (S *T*-2)) (PP-LOC in (NP a statement))) .)) (TOP (S (NP-SBJ-1 (NP Bond Corp.) , (NP (NP a brewing , property , media and resources concern) (VP controlled (NP *) (PP by (NP-LGS financier Alan Bond)))) ,) (VP is (VP selling (NP (NP many) (PP of (NP its assets))) (S-PRP (NP-SBJ *-1) (VP to (VP reduce (NP an (ADJP (QP A$ 6.9 billion) *U*) debt)))))) .)) (TOP (S (ADJP Contrary (PP to (SBAR-NOM (WHNP-3 what) (S (NP-SBJ-1 *T*-3) (VP might (VP be (VP expected (NP *-1) (PP based (PP on (NP (NP the headline) (PP-LOC on (NP (NP (NP John R. Dorfman 's) recent Money Matters article) (PRN -LRB- `` (S-TTL (NP-SBJ Pros) (VP Hit (NP Theorists) (SBAR-LOC-CLR (WHADVP-4 Right Where) (S (NP-SBJ It) (VP Hurts (ADVP-LOC *T*-4)))))) '' (NP-TMP Oct. 3) -RRB-))))))))))))) , (NP-SBJ-5 I) (VP was (ADJP-PRD able (S (NP-SBJ *-5) (VP to (VP (VP stand (ADVP-MNR proudly) (PP-LOC before (NP my undergraduate finance students))) and (VP proclaim (SBAR that (S (NP-SBJ (NP the findings) (PP of (NP (NP your yearlong experiment) (PP on (NP stock picking))))) (VP is (ADJP-PRD completely consistent (PP with (SBAR-NOM (WHNP-6 what) (S (NP-SBJ-2 they) (VP have (VP been (VP taught (NP *-2) (NP *T*-6) (PP-LOC in (NP the classroom)))))))))))))))))) .)) (TOP (S (PP In (ADJP particular)) , (NP-SBJ I) (VP do not (VP find (S (NP-SBJ the fact (SBAR that (S (NP-SBJ (NP (NP (NP your group) (PP of (NP pros '))) monthly selections) (PP of (NP four stocks))) (VP outperforms (NP the market) (PP in (ADJP general)))))) (VP to (VP be (ADJP-PRD inconsistent (PP with (NP market efficiency)))))))) .)) (TOP (S (NP-SBJ Mr. Dorfman) (VP states (SBAR that (S (NP-SBJ (NP an investor) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP (VP (VP invested (NP $ 100,000 *U*) (ADVP-TMP (NP a year) ago) (PP-CLR in (NP (NP the first four stocks) (VP selected (NP *) (PP by (NP-LGS your pros)))))) and (VP (ADVP-TMP then) sold (NP those) (ADVP-TMP (NP one month) later) , (S-ADV (NP-SBJ *-2) (VP purchasing (NP the four new pro picks))))) , and (VP repeated (NP this process) (PP-TMP for (NP the year))))))) (VP would (VP have (VP accumulated (NP (NP $ 166,537 *U*) , (PP excluding (NP (NP account dividends) , (NP taxes) and (NP commissions)))))))))) .)) (TOP (S (PP In (NP contrast)) , (NP-SBJ (NP an investor) (VP holding (NP the Dow Jones portfolio) (PP-TMP over (NP the year)))) (VP would (VP have (VP accumulated (NP (QP only $ 127,446) *U*)))) .)) (TOP (S (NP-SBJ (NP Accepted theories) (PP of (NP asset pricing))) (VP offer (NP a (ADVP perfectly legitimate) explanation)) .)) (TOP (S (NP-SBJ Accepted theories) (VP state (SBAR that (S (NP-SBJ investors) (VP require (NP higher returns) (PP on (NP riskier investments)))))) .)) (TOP (S (ADVP Thus) , (PP rather than (S-NOM (NP-SBJ *) (VP seeing (NP (NP the excess returns) (PP to (NP the pro-selected portfolio))) (PP-CLR as (S-NOM (NP-SBJ *) (VP being (ADJP-PRD abnormal))))))) , (NP-SBJ I) (VP see (NP those returns) (PP-CLR as (NP (NP simply compensations) (PP for (S-NOM (NP-SBJ *) (VP taking (PRT on) (NP added risk))))))) .)) (TOP (S (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ (NP the risk) (PP for (NP (NP each individual stock) (VP selected (NP *) (PP by (NP-LGS your pros)))))) (VP is (ADJP-PRD very large))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP asked (NP-1 me) (S (NP-SBJ *-1) (VP to (VP select (NP (NP a stock) (PP with (NP the highest expected return))))))))) , (NP-SBJ I) (VP would (VP select (NP (NP a stock) (PP with (NP (NP the greatest amount) (PP of (NP undiversifiable risk))))) , (SBAR-PRP as (S (NP-SBJ I) (VP am (ADJP-PRD sure (SBAR 0 (S (NP-SBJ your pros) (VP do (VP *?*)))))))))) .)) (TOP (S (NP-SBJ-1 Your hypothetical investor) (VP is (ADVP simply) (VP being (VP compensated (NP *-1) (PP-CLR for (S-NOM (NP-SBJ *) (VP taking (PRT on) (NP this added risk))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ your hypothetical investor) (VP has (VP forsaken (NP (NP the gains) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP had (NP *-1) (PP in (S-NOM (NP-SBJ *) (VP reducing (NP risk) (PP-MNR by (S-NOM (NP-SBJ *) (VP diversifying (NP his portfolio))))))))))))))) .)) (TOP (S (NP-SBJ A four-stock portfolio) (VP is (ADVP-TMP still) (VP exposed (PP-CLR to (NP (NP a great deal) (PP of (NP unnecessary risk)))))) .)) (TOP (S (NP-SBJ This) (VP means (SBAR 0 (S (NP-SBJ the returns) (VP can (VP vary (NP a great deal)))))) .)) (TOP (S (NP-SBJ Mr. Dorfman) (VP provides (NP (NP confirming evidence) (PP of (NP this phenomenon))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ he) (VP reports (SBAR that (S (NP-SBJ (NP your staff) (PP of (NP dart throwers))) (VP would (VP have (VP accumulated (NP (QP only $ 112,383) *U*) (PP-MNR by (S-NOM (NP-SBJ *) (VP (ADVP-MNR randomly) selecting (NP (NP four new stocks) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP held (NP *-1) (PP-LOC in (NP a portfolio)))))))) (NP-TMP each month))))))))) (ADVP-TMP *T*-3))))) .)) (TOP (S (NP-VOC (NP Scott E. Hein) (NP-LOC Texas Tech University) (NP-LOC (NP Lubbock) , (NP Texas))) (NP-SBJ Your Investment Dartboard article) (VP misses (NP the target)) .)) (TOP (S (NP-SBJ The fact (SBAR that (S (NP-SBJ stock pickers) (VP have (VP bested (NP a (ADJP randomly selected) portfolio) (PP-TMP in (NP (QP eight of 12) months))))))) (VP has (NP (NP no bearing) (PP-LOC on (NP the efficient-market theory)))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP matters))) (VP is (SBAR-PRD that (S (NP-SBJ-2 (NP the stocks) (VP recommended (NP *) (PP by (NP-LGS your pros)))) (VP tend (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD (ADJP substantially riskier) (PP than (NP a diversified portfolio)))))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP (NP your pickers ') recommendations) (PP for (NP the coming month))) (VP are , (PP on (NP average)) , (ADJP-PRD (ADJP (NP-ADV 22.5 %) riskier) (PP than (S-NOM (NP-SBJ *) (VP holding (NP the market portfolio))))) (PP according (PP to (NP (NP Value Line 's) Beta estimates)))) .)) (TOP (S (S (NP-SBJ (NP (NP (NP James Morgan 's) pick) (PP for (NP October))) (PRN -- (NP Dynascan) --)) (VP is (ADJP-PRD (ADJP (NP-ADV a substantial 35 %) riskier) (PP than (NP the market portfolio))))) ; (S (NP-SBJ his lauded Thermo Electron pick) (VP is (ADJP-PRD (NP-ADV 40 %) riskier))) .)) (TOP (NP Eric C. Meltzer)) (TOP (S (NP-SBJ-1 (NP Peter W. Likins) , (NP (NP president) (PP of (NP (NP Lehigh University) , (NP-LOC (NP Bethlehem) , (NP Pa.))))) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP (NP this maker) (PP of (NP industrial motion-control parts and systems)))))))) .)) (TOP (S (NP-SBJ His appointment) (VP expands (NP the board) (PP-CLR to (NP 13 members))) .)) (TOP (S-HLN (NP-SBJ California Thefts) (VP Make (S (NP-SBJ Travel Agents) (ADJP-PRD Jittery))))) (TOP (S (S-NOM-SBJ-1 (NP-SBJ *) (VP BEING (NP-PRD A TRAVEL agent))) (VP used (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD pretty glamorous))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ it) (VP 's (VP getting (ADJP-PRD downright dangerous))) .)) (TOP (S (PP-TMP In (NP recent months)) , (NP-SBJ-1 (QP more than 25) agencies) (VP have (VP been (VP robbed (NP *-1) , (PP compared (PP with (NP (NP only a handful) (NP-TMP all last year)))) , (PP according (PP to (NP police and travel-agency groups)))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP the cases))) (VP have (VP been (PP-LOC-PRD in (NP (NP California) , (SBAR (WHADVP-3 where) (S (S (NP-SBJ-1 one agent) (VP was (VP stabbed (NP *-1)))) and (S (NP-SBJ-2 another) (VP was (VP shot and killed (NP *-2)))) (ADVP-LOC *T*-3))))))) .)) (TOP (S (NP-SBJ Los Angeles police) (VP say (SBAR 0 (S (NP-SBJ-2 the thieves) (VP seem (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP part) (PP of (NP (NP a crime network) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP knows (SBAR (WHADVP-4 how) (S (NP-SBJ *-3) (VP to (VP convert (NP blank tickets) (PP-CLR into (NP real ones)) (ADVP-MNR *T*-4)))))))))))))))))) .)) (TOP (S (ADVP Already) , (NP-SBJ-1 the stolen tickets) (VP have (VP been (VP used (NP *-1) (PP for (NP (NP flights) (PP-LOC (ADVP all) over (NP the world))))))) .)) (TOP (S (ADVP So far) , (NP-SBJ the thieves) (VP have (VP stolen (NP 3,632 blank tickets) , (PP according (PP to (NP (NP Airline Reporting Corp.) , (NP a ticket processing center)))))) .)) (TOP (S (NP-SBJ Police) (VP say (SBAR 0 (S (NP-SBJ-2 the robberies) (VP are (ADVP-TMP usually) (VP pulled (NP *-2) (PRT off) (PP by (NP-LGS (NP (QP two to five) men) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP walk (PP-DIR into (NP the agencies)) (PP-TMP near (NP (NP (ADJP closing or lunch) time) , (SBAR (WHADVP-3 when) (S (NP-SBJ few employees) (VP are (ADVP-LOC-PRD there) (ADVP-TMP *T*-3)))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ They) (VP looked (PP-CLR like (NP ordinary vacationers)) (PP-TMP at first))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Willy LLerena) , (NP (NP owner) (PP of (NP (NP Travel Air Service) (PP-LOC in (NP (NP Monte Bello) , (NP Calif.))))))) , (S-ADV (NP-SBJ *) (VP describing (NP (NP five men) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP entered (NP his agency) (NP-TMP last June))))))) .)) (TOP (S-1 But (ADVP-TMP then) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ they) (VP (VP put (NP two loaded pistols) (PP-PUT to (NP his temple))) and (VP demanded (SBAR 0 (S (NP-SBJ he) (VP open (NP the safe)))))) .)) (TOP (S-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ he) (ADVP-TMP initially) (VP refused (ADVP-TMP *T*-1)))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) ,) (NP-SBJ they) (VP (VP stabbed (NP him) (PP-LOC-CLR in (NP the back))) and (VP made (PRT off) (PP-CLR with (NP (NP $ 2,000 *U*) and (NP 280 blank tickets))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ They) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP wanted (S (NP-SBJ *-1) (VP to (VP show (NP me) (SBAR (WHADJP-2 (WHADVP how) serious) (S (NP-SBJ they) (VP were (ADJP-PRD *T*-2)))))))))))) , '' (NP-SBJ he) (VP says (S *T*-3)) .)) (TOP (S (SBAR As (S (NP-SBJ (NP word) (PP of (NP the crime spree))) (VP has (VP spread)))) , (NP-SBJ-1 many agents) (VP have (VP started (S (NP-SBJ *-1) (VP changing (NP their open-door policies))))) .)) (TOP (S (PP-LOC At (NP (NP El Monte Travel Center) (PP-LOC in (NP (NP El Monte) , (NP Calif.))))) , (NP-SBJ customers) (ADVP-TMP now) (VP can (VP get (ADVP in) (PP-MNR only through (NP a buzzer and lock system)))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP deal (PP-CLR with (NP clients)) (NP-MNR this way) (PP-LOC in (NP a service business))))))) , '' (VP says (S *T*-4)) (NP-SBJ (NP Ralph `` Bud '' Conner) , (NP (NP owner) (PP of (NP (NP the agency) , (SBAR (WHNP-3 which) (S (NP-SBJ-2 *T*-3) (VP was (VP robbed (NP *-2) (PP-CLR of (NP (NP 180 blank tickets) and (NP $ 850 *U*))) (NP-TMP last month))))))))) .)) (TOP (S `` But (NP-SBJ we) (VP 're (ADJP-PRD just too nervous)) . '')) (TOP (S (NP-SBJ The robberies) (ADVP also) (VP have (VP set (PRT off) (NP (NP a controversy) (VP involving (NP the airlines))))) .)) (TOP (S (NP-SBJ Agents) (VP say (SBAR 0 (S (NP-SBJ-2 (NP airlines) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP track (NP (NP ticket numbers) (PP of (NP all stolen tickets)))))) ,) (VP should (VP be (VP doing (NP more) (S-PRP (NP-SBJ *-2) (VP to (VP catch (NP the thieves) (PP-MNR by (S-NOM (NP-SBJ *) (VP confiscating (NP the tickets) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-3 they) (VP 're (VP used (NP *-3) (ADVP-TMP *T*-4))))))))))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ They) (VP have (NP (NP the (ADJP most sophisticated) computers) (PP-LOC in (NP the world)))) , '') (VP says (S *T*-1)) (NP-SBJ Mr. LLerena) .)) (TOP (S `` (NP-SBJ-1 They) (VP ought (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP do (NP this))))))))) . '')) (TOP (S But (NP-SBJ airlines) (VP say (SBAR 0 (S (NP-SBJ it) (VP would (VP (VP be (ADJP-PRD too expensive)) and (VP cause (NP (ADJP too many) delays)) (SBAR-ADV if (S (NP-SBJ-1 they) (VP started (S (NP-SBJ-2 *-1) (VP using (NP computerized scanners) (S-PRP (NP-SBJ *-2) (VP to (VP check (NP tickets) (PP-LOC at (NP the gate))))))))))))))) .)) (TOP (S-HLN (NP-SBJ Texans) (VP Get (NP Reasonable Car Rental Insurance)))) (TOP (S (NP-SBJ CONSUMER advocates) (VP have (ADVP-TMP long) (VP claimed (SBAR that (S (NP-SBJ car rental companies) (VP charge (NP too much) (PP-CLR for (NP car rental insurance))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ-1 (NP a new law) (PP-LOC in (NP Texas))) (VP seems (S (NP-SBJ *-1) (VP to (VP be (VP providing (NP the proof)))))) .)) (TOP (S (NP-SBJ (NP The law) (PRN -- (NP (NP the first) (PP of (NP its kind))) --)) (VP requires (S (NP-SBJ (NP car rental companies) (PP-LOC in (NP Texas))) (VP to (VP charge (NP only `` reasonable '' rates) (PP-CLR for (NP collision-damage waiver insurance)))))) .)) (TOP (S (ADVP Specifically) , (NP-SBJ the law) (VP says (SBAR 0 (S (NP-SBJ the rates) (VP must (VP (ADVP-MNR closely) reflect (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP the company 's) actual expenses) (VP have (VP been (NP-PRD *T*-1) (S-ADV (NP-SBJ *) (VP to (VP replace (NP damaged cars))))))))))))) .)) (TOP (S (SBAR-TMP Before (S (NP-SBJ the law) (VP went (PP-DIR into (NP effect)) (NP-TMP last month)))) , (NP-SBJ car rental companies) (VP were (VP charging (NP (NP (QP as much as $ 12) *U*) (NP-TMP a day)) (PP-CLR for (NP the waiver)) (PP-LOC in (NP Texas)))) .)) (TOP (S (ADVP Now) , (NP-SBJ they) (VP 're (VP charging (NP (NP (QP as little $ 3) *U*) (NP-ADV a day)))) .)) (TOP (SINV (S-TPC-2 `` (SBAR-ADV If (S (NP-SBJ they) (VP 're (VP telling (NP the truth) (ADVP-TMP now))))) , (ADVP then) (NP-SBJ they) (VP 've (VP been (VP charging (NP (NP (NP 300 %) more) (PP than (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD reasonable))))))))) , '') (VP says (S *T*-2)) (NP-SBJ (NP Steve Gardner) , (NP (NP an assistant state attorney general) (PP-LOC in (NP Texas)))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP Hertz Corp.))) (VP acknowledges , (S `` (NP-SBJ The waiver) (VP is n't (NP-PRD (NP (NP a source) (PP of (NP (NP protection) (PP for (NP consumers))))) , but (NP (NP a source) (PP of (NP revenue))))))) . '')) (TOP (S But (NP-SBJ Hertz) (VP points (PRT out) (SBAR that (S (PP at (NP least)) (NP-SBJ it) (VP 's (ADVP-TMP now) (VP charging (NP (NP (QP only $ 3.95) *U*) (NP-ADV a day)) (PP-LOC in (NP Texas)) , (SBAR-ADV while (S (NP-SBJ some competitors) (VP are (VP charging (NP $ 6.99 *U*)))))))))) .)) (TOP (S (NP-SBJ (NP The state attorney general 's) office) (VP is (VP investigating (NP (NP rental car agencies) (VP charging (NP (ADJP noticeably higher) prices))))) .)) (TOP (S-HLN (NP-SBJ Flight Attendants) (VP Lag (SBAR-TMP Before (S (NP-SBJ Jets) (ADVP Even) (VP Land)))))) (TOP (S (SBAR-ADV IF (S (NP-SBJ YOUR FLIGHT attendant) (VP seems (ADJP-PRD (NP a little) weary)))) , (NP-SBJ it) (VP may (VP be (SBAR-PRP-PRD because (S (NP-SBJ he or she) (VP has (VP been (VP working (NP-ADV 20 straight hours)))))))) .)) (TOP (S (NP-SBJ (NP A recent study) (PP for (NP the Federal Aviation Administration))) (VP found (SBAR that (S (NP-SBJ major airlines) (ADVP-TMP sometimes) (VP make (S (NP-SBJ flight attendants) (VP work (NP (NP 16 hours) or (NP more)) (ADVP-MNR straight) -- (PP despite (NP (NP union contracts) (PP-LOC at (NP some airlines)) (VP limiting (NP duty time) (PP-CLR to (NP 14 hours))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Some flight attendants) (PP-LOC on (NP charter planes))) (VP are (VP putting (PRT in) (NP 20-hour work days)))) , (NP-SBJ the study) (VP found (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ This) (VP happens (SBAR-PRP because (S (NP-SBJ the FAA) (VP does n't (VP have (NP (NP any rules) (PP on (NP (NP duty time) (PP for (NP flight attendants))))))))))) ; (S (PP by (NP contrast)) , (NP-SBJ it) (VP (ADVP-MNR strictly) restricts (NP (NP duty time) (PP for (NP (NP pilots) and (NP air traffic controllers)))) , (PP usually to (NP (NP a maximum) (PP of (NP 10 consecutive hours)))))) .)) (TOP (S-3 `` (ADVP As far (SBAR as (S (NP-SBJ-1 the FAA) (VP is (VP concerned (NP *-1)))))) , '' (PRN (SINV (VP says (S *T*-3)) (NP-SBJ-2 (NP Matt Finucane) , (NP (NP air safety director) (PP-LOC at (NP (NP the Association) (PP of (NP Flight Attendants)))))))) , `` (NP-SBJ flight attendants) (VP can (VP work (NP (NP an unlimited number) (PP of (NP hours))))) . '')) (TOP (S (NP-SBJ Experts) (VP say (SBAR 0 (S (NP-SBJ (NP such long hours) (PP for (NP attendants))) (VP pose (NP a safety risk))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ tired flight attendants) (VP might not (VP react (ADVP-MNR quickly enough) (PP-TMP during (NP an emergency evacuation)))) .)) (TOP (SINV (S-TPC-1 `` (PP-TMP At (NP (NP the end) (PP of (NP their day)))) , (NP-SBJ they) (VP are (NP-PRD zombies)) , '') (VP says (S *T*-1)) (NP-SBJ (NP John Galipault) , (NP (NP president) (PP of (NP (NP the Aviation Safety Institute) , (NP (NP a public-interest group) (PP-LOC in (NP (NP Worthington) , (NP Ohio)))))))) .)) (TOP (S `` (S (NP-SBJ-1 They) (VP have (S (NP-SBJ *-1) (VP to (VP work (NP such long hours)))))) and (ADVP then) (S (NP-SBJ we) (VP expect (S (NP-SBJ them) (VP to (VP be (NP-PRD heroes) (SBAR-ADV if (S (NP-SBJ there) (VP 's (NP-PRD an evacuation))))))))) . '')) (TOP (S (PP In (NP (NP response) (PP to (NP the study)))) , (NP-SBJ the FAA) (VP says (SBAR 0 (S (NP-SBJ-1 it) (VP is (VP considering (S (NP-SBJ *-1) (VP changing (NP (NP its policy) (PRN -- or (NP (NP lack) (PP of (NP it))) --) (PP on (NP flight attendants)))))))))) .)) (TOP (S (S (NP-SBJ The agency) (VP may not (VP have (NP much choice)))) : (S (NP-SBJ-2 (NP A congressional bill) (SBAR *ICH*-1)) (VP has (VP been (VP introduced (NP *-2) (SBAR-1 (WHNP-3 that) (S (NP-SBJ *T*-3) (VP would (VP force (S (NP-SBJ the agency) (VP to (VP limit (NP flight attendant duty time) (PP-CLR to (NP (NP (NP 14 hours) (PP-LOC on (NP U.S. flights))) and (NP (NP 16 hours) (PP-LOC on (NP international trips)))))))))))))))) .)) (TOP (NP-HLN Odds and Ends)) (TOP (S (NP-SBJ GOLF) (VP HAS (VP BECOME (NP-PRD (NP the latest diversion) (PP for (NP (NP travelers) (VP stuck (NP *) (PP-LOC at (NP some airports)))))))) .)) (TOP (S (NP-SBJ-1 (NP Simulated golf games) , (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ players) (VP hit (NP golf balls) (PP-DIR into (NP nets)) (PP-LOC *T*-2)))) ,) (VP have (VP been (VP installed (NP *-1) (PP-LOC at (NP (NP airports) (PP-LOC in (NP Denver and Pittsburgh))))))) ... .)) (TOP (S (NP-SBJ (NP The average cost) (PP for (NP breakfast)) (PP-LOC at (NP (NP a `` decent '' hotel restaurant) (PP-LOC in (NP New York))))) (VP is (NP-PRD $ 17.12 *U*) , (PP according (PP to (NP Corporate Travel magazine)))) .)) (TOP (S (NP-SBJ (NP The cheapest) , (PP-LOC among (NP (NP 100 cities) (VP surveyed (NP *)))) ,) (VP was (NP-PRD $ 5.11 *U*) (PP-LOC in (NP (NP El Paso) , (NP Texas)))) .)) (TOP (S (NP-SBJ-1 Mark Q. Huggins) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP executive vice president) and (NP chief financial officer))))) .)) (TOP (S (NP-SBJ (NP Mr. Huggins) , (ADJP (NP 39 years) old) ,) (ADVP-TMP formerly) (VP was (NP-PRD (NP (NP controller) and (NP chief accounting officer)) (PP-LOC at (NP Harte-Hanks Communications Inc)))) .)) (TOP (S (NP-SBJ Management Co.) (VP (VP manages (NP entertainers)) and (VP produces , markets and finances (NP entertainment))) .)) (TOP (SBARQ (WHADVP-1 Why) (SQ do (NP-SBJ you) (ADVP continually) (VP ignore (NP (NP the salubrious effects) (PP of (S-NOM (NP-SBJ *) (VP indexing (NP (NP the basis) (PP of (NP capital gains))) (PP-CLR for (NP inflation)))))) (ADVP-PRP *T*-1))) ?)) (TOP (SBARQ (WHADVP-2 Why) (SQ do (NP-SBJ you) (VP maintain (SBAR 0 (S (NP-SBJ the House-passed capital-gains plan) (VP is (NP-PRD a `` temporary '' reduction)))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP is not (NP-PRD *?*) (ADVP-TMP *T*-1)))) (ADVP-PRP *T*-2))) ?)) (TOP (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the reason) (VP is (SBAR-PRD that (S (NP-SBJ you) (VP are (VP confusing (NP tax `` rates '') (PP-CLR with (NP tax `` payments)))))))))) . '')) (TOP (S (NP-SBJ (NP Your Sept. 29 page-one story) (PP on (NP the House-passed capital-gains plan))) (VP is (NP-PRD a good example)) .)) (TOP (S (NP-SBJ You) (VP lead (S (NP-SBJ readers) (VP to (VP believe (SBAR that (S (NP-SBJ the House) (VP reduced (NP the capital-gains tax) (PP-TMP for (NP two years only))))))))) .)) (TOP (S (NP-SBJ You) (ADVP virtually) (VP ignore (NP (NP the tax-reducing power) (PP of (NP indexation)) , (SBAR (WHNP-1 which) (S (PP in (NP many cases)) (NP-SBJ *T*-1) (VP is (ADJP-PRD (ADJP more substantial) (PP than (NP a lower rate)))))))) .)) (TOP (S (NP-SBJ-1 (NP The monetary tax benefit) (PP of (NP indexation)) (PP for (NP (NP all gains) (PP in (NP (NP excess) (PP of (NP inflation))))))) (VP can (VP be (VP measured (NP *-1) (S-MNR (NP-SBJ *) (VP using (NP (NP the following equation) : (NP (NP tax rate) , (PP times (NP inflation rate)) , (PP times (NP (NP basis) (PP for (NP the gain))))))))))) .)) (TOP (S (PP Depending (PP on (NP (NP (NP the size) (PP of (NP the gain))) and (NP (NP the rate) (PP of (NP inflation)))))) , (NP-SBJ indexation) (VP can (VP mean (NP (NP a lower tax payment) (PP than (S-NOM (NP-SBJ *) (VP using (NP the (ADJP 19.6 %) rate) (PP-MNR without (NP indexation)))))))) .)) (TOP (S But (PP in (NP any event)) (PRN -- and (S (NP-SBJ this) (VP is (NP-PRD the important point))) --) (NP-SBJ (NP tax `` payments '') (PP-LOC on (NP capital gains))) (VP will (VP be (ADJP-PRD (ADJP lower (PP-MNR with (NP indexation))) (PP than (PP under (NP current law)))) , (SBAR-ADV even though (S (NP-SBJ the tax `` rate '') (VP is (NP-PRD the same) (PP-LOC under (NP both systems))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ you) (VP can (VP see)))) , (NP-SBJ (NP the capital-gains reduction plan) (VP adopted (NP *) (PP by (NP-LGS the House)))) (VP would not (VP be (ADJP-PRD (ADJP temporary) , but (ADJP permanent)))) .)) (TOP (S (NP-SBJ I) (VP hope (SBAR that (S (NP-SBJ-1 you) (VP begin (S (NP-SBJ *-1) (VP talking (PP-CLR about (NP (NP (NP the plan 's) (ADJP (ADJP permanent) and (PRN , (PP in (NP my view)) ,) (ADJP most beneficial)) feature) -- (NP indexation))))))))) .)) (TOP (NP (NP Rep. Robert K. Dornan) (PRN -LRB- (NP (NP R.) , (NP-LOC Calif .)) -RRB-) (NP-LOC Washington))) (TOP (S (SBAR-NOM-SBJ That (S (NP-SBJ (NP the motivation) (PP for (NP (NP the two-year reduction) (PP to (NP 19.6 %))))) (VP is (ADJP-PRD budgetary)))) (VP does not (VP mean (SBAR 0 (S (NP-SBJ it) (VP is not (PP-PRD in (NP the public interest))))))) .)) (TOP (S (NP-SBJ The reduction) (VP (VP eases (NP (NP the burden) (PP on (NP portfolio changes)))) and (VP frees (NP-1 capital) (S-CLR (NP-SBJ *-1) (VP to (VP seek (NP (ADJP (ADJP more productive) or (ADJP more appropriate)) uses)))))) .)) (TOP (S But (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ *T*-1) (VP is (ADVP really) (ADJP-PRD significant)))) (VP is (NP-PRD (NP the indexation) (PP of (NP capital gains)) (PP-TMP after (NP 1991)))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP To (VP argue (SBAR that (S (NP-SBJ-1 this) (VP is (ADJP-PRD `` not likely '' (S (NP-SBJ *-1) (VP to (VP affect (NP the economy) (PP-MNR in (NP positive ways)))))))))))) (VP is (ADJP-PRD contrary (PP both (PP to (NP (NP recent experience) (PP with (NP capital-gains tax cuts)))) and (PP to (NP common sense))))) .)) (TOP (S (S (NP-SBJ (NP A large part) (PP of (NP (NP the long-term appreciation) (PP of (NP assets))))) (VP reflects (NP inflation))) , and (S (NP-SBJ (NP the taxation) (PP of (NP inflation-created capital gains))) (VP is (NP-PRD confiscation))) .)) (TOP (SQ Does (NP-SBJ the Journal) (ADVP really) (VP believe (SBAR that (S (NP-SBJ people) (VP ignore (NP (NP the prospect) (PP of (S-NOM (NP-SBJ *) (VP having (S (NP-SBJ-1 (NP a substantial part) (PP of (NP their capital))) (VP confiscated (NP *-1))))))) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-2 they) (VP decide (SBAR (SBAR whether (S (NP-SBJ *-2) (VP to (VP save)))) or (SBAR (WHADVP-3 how) (S (NP-SBJ *-2) (VP to (VP invest (ADVP-MNR *T*-3)))))) (ADVP-TMP *T*-4)))))))) ?)) (TOP (S (PP-LOC Under (NP current law)) , (NP-SBJ (NP it) (S *EXP*-1)) (VP is not (ADJP-PRD financially rational) (S-1 (NP-SBJ *) (VP to (VP forgo (NP consumption))))) .)) (TOP (S (NP-SBJ (NP Real , aftertax returns) (PP from (NP financial assets))) (VP are (PP-PRD on (NP (NP the order) (PP of (NP (NP (QP 1 % or 2) %) (NP-ADV a year)))))) .)) (TOP (S (NP-SBJ The capital-gains tax reform) (VP is (NP-PRD (NP a step) (PP toward (S-NOM (NP-SBJ *) (VP correcting (NP (NP (NP one) (PP of (NP (NP the gravest structural weaknesses) (PP of (NP the U.S. economy))))) , (NP (NP the (ADJP closely connected) phenomena) (PP of (NP (NP low savings rates) , (NP weak capital formation) and (NP high capital costs)))))))))) .)) (TOP (NP (NP J. Sigurd Nielsen) (NP-LOC (NP Richmond) , (NP Va)) .)) (TOP (S (NP-SBJ-1 (NP Isaac Hersly) , (ADJP (NP 41 years) old) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP (NP president) and (NP chief operating officer)) (PP of (NP (NP this designer and marketer) (PP of (NP (NP graphics) , (NP video) , (NP cable) and (NP other television-related equipment))))))))) .)) (TOP (S (NP-SBJ He) (VP succeeds (NP (NP Alfred O.P. Leubert) , (NP 66) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP continues (PP-CLR as (NP (NP chairman) and (NP chief executive officer)))))))) .)) (TOP (S (NP-SBJ Mr. Hersly) (ADVP-TMP formerly) (VP was (NP-PRD (NP (NP group vice president) (PP of (NP (NP marketing) and (NP product planning))) (PP for (NP Chyron))) and (NP (NP president) (PP of (NP the telesystems and video products division))))) .)) (TOP (S (NP-SBJ W.R. Grace & Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP formed (NP a new horticultural-products company) (PP-MNR by (S-NOM (NP-SBJ *) (VP combining (NP its soil-nutrients and fertilizers business) (PP-CLR with (NP (NP Sierra Chemical Co.) , (NP-LOC (NP Milpitas) , (NP Calif))))))))))) .)) (TOP (S (NP-SBJ (NP Grace) , (NP (NP a maker) (PP of (NP specialty chemicals)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP already) (VP owned (NP (NP (QP about 30) %) (PP of (NP (ADJP closely held) Sierra))))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP owns (NP (NP a (ADJP 49 %) stake) (PP-LOC in (NP the new company))))))) .)) (TOP (S (NP-SBJ Grace) (VP said (SBAR 0 (S (NP-SBJ it) (VP did n't (VP invest (NP any additional capital) (PP-CLR in (NP (NP the venture) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP known (NP *-1) (PP-CLR as (NP Grace-Sierra Horticultural Products Co)))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The business) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP have (NP (NP sales) (PP of (NP (QP about $ 100 million) *U*))) (PP-TMP in (NP 1990)))))))) , (NP-SBJ Grace) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 (NP The new company 's) product lines) (VP will (VP be (VP aimed (NP *-1) (PP-CLR at (NP (NP nurseries) , (NP greenhouses) and (NP the lawn and garden industry)))))) .)) (TOP (S (NP-SBJ The Financial Accounting Standards Board) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (ADVP-TMP soon) (VP issue (NP (NP a rule) (VP requiring (NP (NP disclosure) (PP about (NP (NP the financial risk) (PP of (NP certain financial instruments)))))))))))) .)) (TOP (S But (NP-SBJ (NP the chief rule-making body) (PP for (NP accountants))) (VP backed (PP-CLR off (NP (NP one part) (PP of (NP (NP its original proposal) (VP made (NP *) (NP-TMP earlier this year)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP have (VP required (NP (NP a breakdown) (PP of (NP (NP certain balance-sheet items) (VP related (NP *) (PP-CLR to (NP off-balance sheet instruments)))))))))))))) .)) (TOP (S (NP-SBJ-1 The balance-sheet detail) (VP was (VP opposed (NP *-1) (PP by (NP-LGS (NP many banks and thrifts) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP felt (SBAR 0 (S (NP-SBJ (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP supplying (NP such data))))) (VP was n't (ADJP-PRD worth (NP (NP the value) (PP of (NP the disclosures)))))))))))))) .)) (TOP (S (PP-LOC Under (NP the initial proposal)) , (PP for (NP example)) , (NP-SBJ-2 banks) (VP would (VP have (VP been (VP required (S (NP-SBJ *-2) (VP to (VP disclose (NP (NP that portion) (PP of (NP (NP allowances) (PP for (NP loan losses)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP reflects (NP (NP specific letters) (PP of (NP credit)) (SBAR (WHPP-3 for (WHNP which)) (S (NP-SBJ customers) (VP had (VP defaulted (PP-CLR *T*-3))))))))))))))))) .)) (TOP (S (NP-SBJ The final rule) (VP wo n't (VP require (NP (NP (NP such a breakdown) (PP of (NP (NP the allowances) (PP for (NP loan losses))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP appears (PP-LOC on (NP the balance sheet)))))))) .)) (TOP (S (NP-SBJ The FASB rule) (VP will (VP cover (NP (NP such financial instruments) (PP as (NP (NP interest rate swaps) , (NP financial guarantees) , (NP foward interest rate contracts) , (NP loan contracts) , (NP loan commitments) and (NP (NP options) (VP written (NP *) (PP-CLR on (NP (NP securites) (VP held (NP *))))))))))) .)) (TOP (S (NP-SBJ It) (VP will (VP require (S (NP-SBJ companies) (VP to (VP spell (PRT out) (PP-MNR in (NP more detail)) (NP (NP (NP collateral polices) and (NP (NP concentrations) (PP of (NP credit risk)))) (PP for (NP all financial instruments)))))))) .)) (TOP (S (NP-SBJ The rule) (VP will (VP require (S (NP-SBJ (NP companies) (PP with (NP financial instruments)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (NP (ADJP off-balance sheet) risks))))) (VP to (VP disclose (NP (NP (NP data) (PP about (NP (NP the value and terms) (PP of (NP the instruments))))) , (NP (NP any accounting loss) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP occur (SBAR-ADV if (S (NP-SBJ-3 (NP the outside party) (VP involved (NP *) (PP-LOC-CLR in (NP the instrument)))) (VP failed (S (NP-SBJ *-3) (VP to (VP perform))))))))))) , and (NP (NP (NP the company 's) policy) (PP for (S-NOM (NP-SBJ *) (VP requiring (NP (NP collateral) or (NP other security)) (PP-CLR for (NP the instrument)))))))))))) .)) (TOP (S (NP-SBJ (NP Scott Miller) , (NP an FASB project manager) ,) (VP said (SBAR that (S (NP-SBJ-1 a final rule) (VP will (VP be (VP issued (NP *-1) (PP-TMP before (NP year end)))))))) .)) (TOP (S But (NP-SBJ he) (VP noted (SBAR that (S (NP-SBJ-1 (NP the initial effective date) (PP of (NP the earlier proposal))) (VP had (VP been (VP delayed (NP *-1) (PP-TMP by (NP six months)))))))) .)) (TOP (S (NP-SBJ Poughkeepsie Savings Bank) (VP said (SBAR 0 (S (NP-SBJ a plan (S (NP-SBJ *) (VP to (VP sell (NP its South Carolina branch offices) (PP-DIR to (NP (NP First Citizens Bank) , (PP of (NP (NP Columbia) , (NP S.C.))) ,)))))) (VP fell (PRT through))))) .)) (TOP (S (NP-SBJ-1 Poughkeepsie) (ADVP also) (VP expects (S (NP-SBJ *-1) (VP to (VP post (NP (NP a one-time charge) (PP of (NP (QP $ 8.3 million) *U*))) , (S-ADV (NP-SBJ *) (VP resulting (PP-CLR in (NP (NP a net loss) (PP for (NP the third quarter)))))))))) .)) (TOP (S (NP-SBJ The charge) (VP represents (NP (NP a write-down) (PP of (NP (NP the goodwill) (VP associated (NP *) (PP-CLR with (NP (NP (NP Poughkeepsie 's) investment) (PP-LOC in (NP (NP (NP the banks) (SBAR (WHNP-2 0) (S (NP-SBJ-1 it) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP sell (NP *T*-2))))))))) and (NP its North Carolina branches)) (ADVP as well))))))))) .)) (TOP (S (NP-SBJ The thrift) (VP announced (NP the plan) (NP-TMP Aug. 21)) .)) (TOP (S (S-TPC-2 (PP Among (NP other reasons)) , (NP-SBJ (NP high fees) (SBAR (WHNP-1 0) (S (NP-SBJ regulators) (VP imposed (NP *T*-1) (PP-CLR on (NP (NP certain transfers) (PP of (NP thrift deposits)) (PP to (NP commercial banks)))))))) (VP `` (ADVP-MNR substantially) altered (NP (NP the economics) (PP of (NP the transaction))) (PP for (NP both parties)) , '')) (NP-SBJ Poughkeepsie) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (ADVP Additionally) , (NP-SBJ the bank) (VP is (VP increasing (NP its loan-loss reserves) (PP-TMP for (NP the third quarter)) (PP-MNR by (NP (QP $ 8.5 million) *U*)) (PP-TMP before (NP taxes)))) .)) (TOP (S (PP-LOC In (NP the year-earlier third quarter)) , (NP-SBJ Poughkeepsie Savings) (VP had (NP (NP net income) (PP of (NP (NP (QP $ 2.8 million) *U*) , or (NP (NP 77 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Poughkeepsie) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP is (VP continuing (S (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP sell (NP itself) , (PP-LOC under (NP (NP a June agreement) (PP with (NP a dissident-shareholder group))))))))))))))) .)) (TOP (S (NP-SBJ The bank) (ADVP also) (VP said (SBAR (SBAR 0 (S (NP-SBJ its effort) (VP would (VP continue (PP-TMP past (NP (NP the Nov. 1 deadline) (VP set (NP *) (PP-LOC in (NP that agreement))))))))) and (SBAR that (S (NP-SBJ (NP the litigation) (PP between (NP the two sides))) (VP might (VP resume (PP-CLR as (NP a result)))))))) .)) (TOP (S (NP-SBJ (NP The thrift) and (NP the holders)) (VP had (VP suspended (NP their lawsuits) (PP as (NP (NP part) (PP of (NP the agreement)))))) .)) (TOP (S (NP-SBJ-1 Joe Frank Sanderson Jr.) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP (NP president) and (NP chief executive officer)) (PP of (NP this poultry producer)))))) .)) (TOP (S (NP-SBJ (NP Joe Frank Sanderson) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADVP-TMP currently) (NP-PRD (NP chairman) , (NP chief executive) and (NP treasurer))))) ,) (VP will (VP remain (NP-PRD chairman))) .)) (TOP (S (NP-SBJ-1 (NP The current (NX (NX president) and (NX chief operating officer))) , (NP J. Odell Johnson) ,) (VP was (VP elected (NP *-1) (PP-CLR to (NP (NP the new position) (PP of (NP (NP vice chairman) (PP of (NP the board)))))))) .)) (TOP (S (NP-SBJ-1 Kinder-Care Inc.) (VP was (VP dropped (NP *-1) (PP-CLR from (NP (NP the consumer services industry group) (PP of (NP the Dow Jones Equity Market index)))) (SBAR-PRP because (S (NP-SBJ the company) (VP split (NP-ADV itself) (PP-LOC in (NP a restructuring))))))) .)) (TOP (S (NP-SBJ-1 It) (VP was (VP succeeded (NP *-1) (PP-LOC in (NP the group)) (PP by (NP-LGS Fuqua Industries Inc)))) .)) (TOP (S (NP-SBJ Both moves) (VP are (ADJP-PRD effective) (NP-TMP today)) .)) (TOP (S (NP-SBJ-1 (NP A (ADJP potentially safer) (ADJP whooping cough) vaccine) (VP made (NP *) (PP by (NP-LGS novel genetic engineering techniques)))) (VP was (VP described (NP *-1) (PP by (NP-LGS (NP a team) (PP of (NP (ADJP Italian , U.S. and Japanese) scientists)))))) .)) (TOP (S (NP-SBJ The team) (VP reported (SBAR 0 (S (NP-SBJ-2 they) (VP managed (S (NP-SBJ *-2) (VP to (VP induce (S (NP-SBJ bacteria) (VP to (VP produce (NP (NP a non-toxic version) (PP of (NP (NP the poisons) (VP produced (NP *) (PP by (NP-LGS (NP the bacterium) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP causes (NP whooping cough)))))))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Laboratory tests) (VP showed (SBAR that (S (NP-SBJ-2 (NP non-toxic versions) (PP of (NP the poisons))) (VP are (ADJP-PRD capable (PP of (S-NOM (NP-SBJ *-2) (VP inducing (NP (NP an immunity) (PP to (NP whooping cough)))))))))))) , (NP-SBJ the researchers) (VP reported (SBAR 0 (S *T*-1)) (PP-LOC in (NP (NP (NP this week 's) issue) (PP of (NP the journal (NX-TTL Science)))))) .)) (TOP (S (NP-SBJ (NP The current vaccine) (PP for (NP (NP whooping cough) , or (NP pertussis) ,))) (VP is (NP-PRD (NP part) (PP of (NP (NP the `` DPT '' (PRN -LRB- (PP for (NP diphtheria , pertussis , tetanus)) -RRB-) shot) (VP given (NP most (NX (NX infants) and (NX young children))) (NP *)))))) .)) (TOP (S (NP-SBJ The vaccine) (VP is (ADJP-PRD effective (PP in (S-NOM (NP-SBJ *) (VP preventing (NP (NP a disease) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (ADVP-TMP still) (VP afflicts (NP (NP (QP about 60 million) children) (NP-ADV a year) (ADVP-LOC world-wide)) , (S-ADV (NP-SBJ *-2) (VP causing (NP an estimated one million deaths)))))))))))) .)) (TOP (S (NP-SBJ The vaccine) , (ADVP however) , (VP causes (NP (NP allergic reactions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP can (VP be (ADJP-PRD fatal))))))) .)) (TOP (S (NP-SBJ The reactions) (VP stem (PP-CLR from (NP the fact (SBAR that (S (NP-SBJ the vaccine) (VP contains (NP (NP multiple copies) (PP of (NP (NP the whole (ADJP Bordetella pertussis) bacterium) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP causes (NP whooping cough))))))))))))) .)) (TOP (S (NP-SBJ This bacterium) (VP produces (NP (NP a toxin) (SBAR (WHNP-1 that) (S , (SBAR-ADV if (S (NP-SBJ-3 *-2) (VP used (NP *-3) (PP-CLR as (NP a vaccine))))) , (NP-SBJ-2 *T*-1) (VP can (VP induce (NP (NP immunity) (PP to (NP whooping cough))))))))) .)) (TOP (S (ADVP Unfortunately) , (NP-SBJ the toxin) (VP is (ADVP also) (ADJP-PRD poisonous)) .)) (TOP (S (NP-SBJ The Italian-led scientific team) (VP said (SBAR 0 (S (NP-SBJ they) (VP had (VP succeeded (PP-CLR in (S-NOM (NP-SBJ *) (VP getting (S (NP-SBJ bacteria) (VP to (VP produce (NP (NP a non-toxic version) (PP of (NP (NP the pertussis toxin) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP could (VP be (VP used (NP *-1) (PP-CLR as (NP a safe vaccine))))))))))))))))))))) .)) (TOP (S (NP-SBJ The researchers) (VP reported (SBAR 0 (S (NP-SBJ-2 they) (VP have (VP been (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP pluck (NP (NP the five genes) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP produced (NP the toxin))))) (PP-CLR out (PP of (NP the pertussis bacterium)))))))))))) .)) (TOP (S (NP-SBJ It) (VP turned (ADVP-CLR out) (SBAR that (S (SBAR-ADV although (S (NP-SBJ (NP it) (S *EXP*-1)) (VP took (NP (QP all five) genes) (S-1 (NP-SBJ *) (VP to (VP produce (NP the toxin))))))) , (NP-SBJ only one) (VP was (ADJP-PRD responsible (PP for (NP (NP the toxin 's) virulence))))))) .)) (TOP (S (ADVP Ordinarily) (PP-LOC in (NP genetic engineering)) (NP-SBJ-3 (NP (NP each) (PP of (NP these genes))) , (PP minus (NP (NP the one) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP caused (NP the virulence)))))) ,) (VP would (VP have (VP been (VP transferred (NP *-3) (PP-DIR to (NP (NP another bacterium) , (VP called (S (NP-SBJ *) (NP-PRD E. coli))) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP would (ADVP-TMP then) (VP produce (NP (NP a nonvirulent version) (PP of (NP the toxin))))))))))))) .)) (TOP (S (S (NP-SBJ The researchers) (VP said (SBAR 0 (S (NP-SBJ they) (VP did (NP this)))))) , but (S (NP-SBJ the toxin) (VP did n't (VP induce (NP (NP immunity) (PP to (NP whooping cough)))))) .)) (TOP (S (NP-SBJ The scientists) (ADVP-TMP then) (VP (VP took (NP the five toxin genes)) and (VP triggered (NP (NP a mutation) (PP-LOC in (NP (NP the one gene) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP caused (NP virulence))))))))) .)) (TOP (S (ADVP Then) , (S-MNR (NP-SBJ *-1) (VP using (NP (NP a new technique) (PRN -LRB- (VP called (S (NP-SBJ *) (NP-PRD homologous recombination))) -RRB-) (PP for (S-NOM (NP-SBJ *) (VP introducing (NP genes) (PP-DIR into (NP cells)))))))) , (NP-SBJ-1 they) (VP transferred (NP (QP all five) genes) (PP-DIR to (NP (NP bacteria) (ADJP closely related (PP to (NP the pertussis organism)))))) .)) (TOP (S (NP-SBJ These bacterial `` cousins '') (ADVP ordinarily) (VP do n't (VP make (NP the toxin))) .)) (TOP (S But (NP-SBJ-1 the genes) (VP were (VP accompanied (NP *-1) (PP by (NP-LGS (NP (NP a piece) (PP of (NP DNA))) , (VP called (S (NP-SBJ *) (NP-PRD a promoter))) , (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP turns (NP the genes) (PRT on)))))))) .)) (TOP (S (NP-SBJ-1 (NP The new bacteria recipients) (PP of (NP the genes))) (VP began (S (NP-SBJ *-1) (VP producing (NP (NP pertussis toxin) (SBAR (WHNP-2 which) (S , (PP-PRP because of (NP the mutant virulence gene)) , (NP-SBJ *T*-2) (VP was (ADJP-PRD (ADVP no longer) toxic)))))))) .)) (TOP (S (NP-SBJ Experiments) (VP showed (SBAR that (S (NP-SBJ the (ADJP new , non-virulent) toxin) (VP is (ADJP-PRD capable (PP of (S-NOM (NP-SBJ *) (VP inducing (NP immunity))))) , (PP according (PP to (NP (NP the researchers) (PP from (NP (NP (NP the Selavo Research Center) (PP-LOC in (NP (NP Siena) , (NP Italy) ,))) (NP (NP the Medical College) (PP of (NP (NP Wisconsin) (PP-LOC in (NP Milwaukee))))) and (NP (NP the Japanese National Institutes) (PP of (NP Health)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Carl E. Pissocra) , (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP (NP Bank One) , (NP-LOC Dover)))) ,) (VP has (VP been (VP named (S (NP-SBJ *-1) (NP-PRD (NP regional president) , (NP (NP a new post) (PP-LOC at (NP the bank-holding company)))))))) .)) (TOP (S (NP-SBJ (NP Mr. Pissocra) , (ADJP (NP 56 years) old) ,) (VP will (VP be (ADJP-PRD responsible (PP for (NP (NP (NP the company 's) 10 banks) (PP-LOC in (NP the Eastern region))))))) .)) (TOP (S (NP-SBJ-1 (NP Dan J. Hartwell) , (NP 41) , (NP (NP executive vice president) (PP of (NP (NP Bank One) , (NP-LOC Dover)))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP president) and (NP chief executive)) (PP of (NP the Dover bank)))) , (S-ADV (NP-SBJ *-1) (VP succeeding (NP Mr. Pissocra))))) .)) (TOP (S (NP-SBJ-1 No one) (VP was (VP named (NP-SBJ-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP succeed (NP Mr. Hartwell)))))) .)) (TOP (S (PP-TMP At (NP (NP a time) (SBAR (WHADVP-1 when) (S (NP-SBJ foreign banks) (VP are (VP pouring (NP vast resources and personnel) (PP-DIR into (NP (NP West Germany 's) financial center)) (ADVP-TMP *T*-1))))))) , (NP-SBJ (NP the opening) (PP of (NP a three-man office)) (PP-LOC on (NP a Frankfurt side street))) (VP should n't (VP attract (NP much attention))) .)) (TOP (SBAR Unless , (PP of (NP course)) , (S (NP-SBJ-2 it) (VP happens (S (NP-SBJ-1 *-2) (VP to (VP be (VP run (NP *-1) (PP by (NP-LGS the Rothschilds)))))))) .)) (TOP (S (PP-TMP After (NP (NP an 88-year absence) (PP from (NP (NP the birthplace) (PP of (NP the family banking empire)))))) , (NP-SBJ-1 (NP the return) (PP of (NP the Rothschild group)) (PP to (NP Frankfurt))) (VP was (VP greeted (NP *-1) (PP by (NP-LGS (NP the glare) (PP of (NP (NP television lights) , (NP curious reporters) and (NP (NP a mayoral reception) (PP-LOC in (NP Town Hall))))))))) .)) (TOP (S (PP Like (NP (NP other foreign banks) (VP establishing (NP a presence) (ADVP-LOC here)))) , (NP-SBJ the family) (VP describes (NP its move) (PP-CLR as (NP a calculated decision (S (NP-SBJ *) (VP to (VP set (PRT up) (NP a financial services outlet) (PP-LOC in (NP (NP Europe 's) largest economy)) (ADVP-TMP ahead (PP of (NP (NP the integration) (PP of (NP European Community markets)) (PP-TMP after (NP 1992))))))))))) .)) (TOP (S Yet (NP-SBJ the Rothschilds) (VP do n't (VP deny (NP (NP an emotional element) (PP to (NP the decision))))) .)) (TOP (S (PP-TMP In (NP 1796)) , (NP-SBJ Mayer Amschel Rothschild) (VP (VP founded (NP Bankhaus M.A. Rothschild & Sons)) and (VP (ADVP-TMP later) sent (NP-SBJ-1 his four sons) (PP-DIR to (NP London , Paris , Vienna and Naples)) (S-PRP (NP-SBJ *-1) (VP to (VP begin (NP (NP the bank 's) expansion) (PP-TMP during (NP the early 19th century))))))) .)) (TOP (S (S (NP-SBJ (NP The original bank) (PP-LOC in (NP Frankfurt))) (VP closed (PP-TMP in (NP 1901)) (PP-TMP after (NP (NP the death) (PP of (NP Wilhelm Carl von Rothschild)))))) , and (S (NP-SBJ (NP the family 's) banking activities) (VP focused (PP-CLR on (NP London and Paris)))) .)) (TOP (S (NP-SBJ (NP Baron Elie de Rothschild) , (NP (NP the family 's) elder spokesman) ,) (VP explains (SBAR that (S (PP-TMP by (NP (NP the end) (PP of (NP the 19th century)))) , (NP-SBJ Berlin) (VP had (VP replaced (NP Frankfurt) (PP-CLR as (NP (NP Germany 's) financial center))))))) .)) (TOP (S-3 (ADVP Yet) (NP-SBJ (NP the chief reason) (PP for (NP the closure))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-3)))) ,) (VP was (ADJP-PRD rooted (PP in (NP (NP a family tradition) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would n't (VP allow (S (NP-SBJ a bank) (VP to (VP bear (NP the Rothschild name) (PP without (NP (NP a Rothschild) (PP-LOC in (NP its management))))))))))))))) .)) (TOP (S-1 `` (S (PP-TMP At (NP the time)) (NP-SBJ we) (VP had (NP only daughters))) , '' (PRN (SINV (VP explains (S *T*-1)) (NP-SBJ the 72-year-old patriarch))) , `` so (S (NP-SBJ-2 we) (VP had (S (NP-SBJ *-2) (VP to (VP close (NP the bank)))))) . '')) (TOP (S (NP-SBJ (NP Much) (PP of (NP (NP the family 's) mystique))) (VP remained) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 its palatial residence) (VP was (VP destroyed (NP *-1) (PP by (NP-LGS bombs)) (PP-TMP during (NP World War II)))))) , (NP-SBJ-2 (NP (NP the Rothschilds ') place) (PP-LOC in (NP (NP Frankfurt 's) history))) (VP is (ADVP-TMP still) (VP recalled (NP *-2) (PP by (NP-LGS (NP the city park) and (NP (NP a street) (VP bearing (NP the Rothschild name))))))) .)) (TOP (S (NP-SBJ (NP The family 's) long absence) (VP is (ADJP-PRD understandable)) .)) (TOP (S (NP-SBJ The family) (VP was (PP-LOC-PRD in (NP Allied countries)) (PP-TMP during (NP both (NP World War I) and (NP (NP the long period) (PP of (NP (NP economic strife) (PP of (NP the 1920s)))))))) .)) (TOP (S (PP-TMP During (NP the Third Reich)) , (NP-SBJ the Rothschilds) (VP were (NP-PRD (NP a target) (PP of (NP (NP Nazi propaganda) (PP against (NP Jewish financiers)))))) .)) (TOP (S (NP-SBJ The persecution) (VP pursued (NP the Rothschilds) (PP-LOC across (NP Europe)) (SBAR-ADV as (S (NP-SBJ-1 the Nazis) (VP grabbed (NP countries) , (S-ADV (NP-SBJ *-1) (VP confiscating (NP (NP the family 's) property) (PP-LOC in (NP the process)))))))) .)) (TOP (S (NP-SBJ American journalist William L. Shirer) , (PP-LOC in (NP (NP his book) (NX-TTL `` (NP The Rise and Fall) (PP of (NP the Third Reich)) , ''))) (VP wrote (PP-CLR of (SBAR-NOM (WHADVP-2 how) (S (PP-LOC in (NP Vienna)) (NP-SBJ he) (VP had (VP witnessed (NP (NP (NP `` squads) (PP of (NP (PRN -LCB- (NP Nazi) -RCB-) SS men))) (VP carting (PRT off) (NP (NP silver) , (NP tapestries) , (NP paintings) and (NP other loot)) (PP-CLR from (NP the Rothschild palace)))) (ADVP-MNR *T*-2))))))) . '')) (TOP (S (PP-TMP In (NP the immediate postwar years)) , (NP-SBJ-1 the Rothschilds) (VP concentrated (PP-CLR on (S-NOM (NP-SBJ *) (VP rebuilding (NP their other European operations)))) , (S-ADV (NP-SBJ *-1) (VP delaying (NP (NP their return) (PP to (NP Frankfurt)))))) .)) (TOP (SINV (S-TPC-1 `` (PP For (NP (NP a member) (PP of (NP the Rothschild family)))) , (NP-SBJ (NP the return) (PP to (NP Frankfurt))) (VP is (NP-PRD a (ADJP very meaningful) event) , (SBAR-ADV although (S (NP-SBJ it) (VP might not (VP mean (NP (NP as much) (PP to (NP German banking)) (SBAR as (S (NP-SBJ it) (VP means (PP to (NP us))))))))))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Baron David de Rothschild) , (NP (NP (NP Elie 's) younger cousin) and (NP (NP a partner) (PP-LOC in (NP (NP Rothschild & Cie . Banque) (PP-LOC in (NP Paris))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ the competition) (VP is n't (ADJP-PRD greatly concerned)) .)) (TOP (S `` (S (NP-SBJ (NP It) (SBAR *ICH*-1)) (VP would (VP-2 be (ADJP-PRD surprising) (SBAR-ADV-1 if (S (NP-SBJ they) (VP did n't (VP come (PP-DIR to (NP Frankfurt)) (PP-TMP in (NP (NP time) (PP for (NP 1992))))))))))) , and (S (NP-SBJ they) (VP bring (NP an interesting tradition))) .)) (TOP (SINV (S-TPC-3 But (NP-SBJ-2 the market) (ADVP really) (VP is n't (VP going (S (NP-SBJ-1 *-2) (VP to (VP be (VP stood (NP *-1) (PP-LOC-CLR on (NP its head)))))))) , '') (VP said (S *T*-3)) (NP-SBJ (NP a banker) (PP-LOC at (NP (NP one) (PP of (NP (NP Frankfurt 's) (ADJP Big Three) banks))))) .)) (TOP (S (NP-SBJ (NP The return) (PP of (NP the Rothschilds))) (VP is (ADJP-PRD modest)) .)) (TOP (S (NP-SBJ (NP The new representative office) , (PP with (NP (NP (NP one manager) and (NP two assistants)) (PRN -- (NP (NP none) (NP (NP a member) (PP of (NP the Rothschild family)))) --)))) (VP will (VP carry (PRT out) (NP (NP no banking operations) (PP of (NP its own))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ-1 it) (VP is (S (NP-SBJ *-1) (VP to (VP (VP seek (PRT out) (NP corporate financing business)) and (VP sell (NP investment products) (PP on (NP (NP behalf) (PP of (NP (NP (NP the family 's) mainstay banking units) : (NP (NP (NP N M Rothschild & Sons Ltd.) (PP-LOC in (NP London))) , (NP (NP Rothschild & Cie.) (PP-LOC in (NP Paris))) and (NP (NP Rothschild Bank AG) (PP-LOC in (NP Zurich))))))))))))) .)) (TOP (S (NP-SBJ The constraints) (VP do n't (VP bother (NP (NP (NP the office 's) 54-year-old manager) , (NP Erich Stromeyer)))) .)) (TOP (S-1 (NP-SBJ He) (VP left (NP (NP his job) (PP as (NP (NP general manager) (PP of (NP (NP Shearson Lehman Hutton Holdings Inc. 's) Frankfurt office))))) (SBAR-PRP because (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) `` (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ the Rothschilds) (VP called (ADVP-TMP *T*-2)))) , (NP-SBJ I) (VP could n't (VP resist))))) . '')) (TOP (S (NP-SBJ-1 Each Rothschild bank) (VP is (VP linked (NP *-1) (PP by (NP-LGS (NP family ties) and (NP cross-ownership))))) .)) (TOP (S (PP-TMP In (NP March)) , (NP-SBJ (NP (NP N M Rothschild) (PP-LOC in (NP London))) and (NP (NP Rothschild Bank) (PP-LOC in (NP Zurich)))) (VP showed (NP (NP assets) (PP of (NP (NP (NP (QP # 4.1 billion) *U*) (PRN -LRB- (NP (QP $ 6.51 billion) *U*) -RRB-)) and (NP (NP (QP 1.26 billion) Swiss francs) (PRN -LRB- (NP (QP $ 774 million) *U*) -RRB-)) , (ADVP respectively))))) .)) (TOP (S (NP-SBJ The Paris bank) (VP does n't (VP publish (NP that figure))) .)) (TOP (S (PP-LOC In (NP Europe)) , (NP-SBJ the Rothschilds banks) (VP are (VP focusing (PP-LOC-CLR on (NP mergers and acquisitions)) (SBAR-ADV as (S (NP-SBJ European industry) (VP restructures (ADVP-TMP ahead (PP of (NP 1992)))))))) .)) (TOP (S (ADVP Yet) (NP-SBJ (NP the group 's) limited resources) (VP makes (S (NP-SBJ it) (NP-PRD a niche player))) .)) (TOP (S-2 (S `` (ADVP Obviously) , (NP-SBJ there) (VP are (NP-PRD (NP quantitative limitations) (PP-LOC on (NP (NP the assistance) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP can (VP provide (NP *T*-1)))))))))) (PRN , '' (SINV (VP concedes (S *T*-2)) (NP-SBJ Baron David de Rothschild)) ,) `` but (S (NP-SBJ we) (VP feel (SBAR 0 (S (NP-SBJ we) (VP have (NP (NP some cards) (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP play (NP *T*-3))))))))))) . '')) (TOP (SINV-2 (PP-LOC-PRD-1 Among (NP them)) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (SINV *T*-2)))) ,) (VP is (PP-PRD *T*-1)) (NP-SBJ (NP (NP the family 's) traditional ties) (PP to (NP (NP (NP old wealth) and (NP decision-makers)) (PP-LOC in (NP banking and industry)) (UCP-LOC (PP throughout (NP Europe)) and (ADVP beyond))))) .)) (TOP (S (NP-SBJ-1 The Rothschilds) (VP hope (S (NP-SBJ *-1) (VP to (VP use (NP-2 (NP (NP a long history) (PP in (NP private banking))) and (NP (NP an aura) (PP of (NP exclusivity)))) (S-CLR (NP-SBJ *-2) (VP to (VP attract (NP (ADJP private and institutional) investors)))))))) .)) (TOP (S (ADVP As (PP-LOC at (NP the Zurich bank))) , (NP-SBJ (NP the minimum investment) (PP for (NP individuals)) (NP *ICH*-2)) (VP will (VP be (ADJP-PRD high) : (NP-2 (NP (NP (QP about a million) German marks) (PRN -LRB- (NP $ 538,000 *U*) -RRB-) , (SBAR-NOM (QP three times) (WHNP-1 what) (S (NP-SBJ many other (ADJP West German) investment banks) (VP require (NP *T*-1)))))))) .)) (TOP (S-1 `` But (NP-SBJ we) (VP do (VP make (NP exceptions) , '' (PRN (SINV (VP says (S *T*-1)) (NP-SBJ a smiling Baron Elie de Rothschild))) , `` (SBAR-ADV (ADVP especially) if (S (NP-SBJ they) (VP (VP are (ADJP-PRD very young)) and (VP have (NP (ADJP very rich) parents))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ program trading) (VP comes (PP-CLR under (NP renewed attack)) (PP-PRP for (S-NOM (NP-SBJ *) (VP causing (NP stock market gyrations))))))) , (NP-SBJ (NP a few people) (PP-LOC on (NP Wall Street))) (VP say (SBAR 0 (S (NP-SBJ it) (VP is (NP-PRD (NP time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP consider (NP extreme measures) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S-2 (NP-SBJ (NP The real answer) (PP to (S-NOM (NP-SBJ *) (VP curbing (NP (NP wild swings) (PP-LOC in (NP stock prices))))))) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-2)))) ,) (VP might (VP be (S-PRD (NP-SBJ *) (VP to (VP (VP curb (NP *RNR*-1)) or (ADVP even) (VP abolish (NP *RNR*-1)) (NP-1 stock-index futures)))))) .)) (TOP (S (NP-SBJ A stock-index future) (VP is (NP-PRD a contract (S (NP-SBJ *) (VP to (VP buy or sell (NP (NP the market value) (PP of (NP (NP (NP a basket) (PP of (NP stocks))) , (PP such as (NP (NP the Standard & Poor 's) 500-stock index)))))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ-1 stock futures) (VP were (VP created (NP *-1) (PP-TMP in (NP 1982)))))) , (S-NOM-SBJ (NP-SBJ *) (VP trading (PP-LOC on (NP (NP the Chicago Mercantile Exchange) and (NP other exchanges))))) (VP has (VP boomed (PP-CLR to (NP (NP the point) (SBAR (WHADVP where) (S (S-NOM-SBJ (NP-SBJ *) (VP trading (PP-LOC-CLR in (NP stock-index futures)))) (VP rivals (NP (NP that) (PP-LOC in (NP (NP the stocks) (NP themselves))))))))))) .)) (TOP (S (NP-SBJ The conventional view (PRN , (SBAR as (S (NP-SBJ-1 *) (VP voiced (NP *-1) (PP by (NP-LGS Goldman , Sachs & Co. partner Fischer Black))))) ,)) (VP is (SBAR-PRD (SBAR that (S (NP-SBJ (NP stocks) and (NP (NP `` derivatives '') (PP such as (NP futures and options)))) (VP `` form (NP a single market)))) , and (SBAR that (S (NP-SBJ derivatives) (VP make (S (NP-SBJ it) (NP-PRD a (ADJP more liquid) market))))))) . '')) (TOP (S (S But (ADVP increasingly) , (NP-SBJ people) (VP are (VP questioning (NP that view)))) , and (S (NP-SBJ the critics) (VP include (NP (NP some) (PP of (NP (NP the country 's) (ADJP most successful) investors))))) .)) (TOP (S (NP-SBJ Warren Buffett) (VP has (VP been (PP-PRD on (NP record)) (PP-CLR as (S-NOM (NP-SBJ *) (VP opposing (NP stock-index futures) (PP-TMP since (NP (NP their inception) (PP-TMP in (NP 1982))))))))) .)) (TOP (S And (NP-SBJ (NP Mario Gabelli) , (NP (NP another star) (PP-LOC in (NP the investing world))) ,) (VP says , (S `` (NP-SBJ My gut) (VP says (SBAR 0 (S (NP-SBJ (NP the negatives) (PP of (NP futures and synthetics))) (VP (ADVP far) outweigh (NP the benefits))))))) . '')) (TOP (S (PP Like (NP others)) , (NP-SBJ Mr. Gabelli) (VP says (SBAR that (S (SBAR-ADV if (S (NP-SBJ futures) (VP cause (S (NP-SBJ investors) (VP to (VP lose (NP (NP confidence) (PP in (NP stocks))))))))) , (NP-SBJ they) (VP will (VP move (ADVP-DIR away (PP-DIR from (NP stocks))) -- (SBAR-ADV as (S (NP-SBJ many) (VP have (ADVP already) (VP done))))))))) .)) (TOP (S-2 And (NP-SBJ (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP remain)))) , (PRN (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2))))) `` (VP will (VP (VP demand (NP a higher return)) and (VP (PP over (NP time)) raise (NP (NP the cost) (PP of (NP capital)) (PP to (NP companies)))))) . '')) (TOP (S (ADVP Essentially) , (NP-SBJ (NP the critics) (PP of (NP stock-index futures))) (VP fall (PP-CLR into (NP two camps))) .)) (TOP (S (S (NP-SBJ One group) (VP says (SBAR 0 (S (NP-SBJ the futures) (VP contribute (PP-CLR to (NP (ADJP stock market) volatility))))))) ; (S (NP-SBJ the other) (VP contends (SBAR that (S (NP-SBJ futures) (VP are (NP-PRD (NP a sideshow) (PP of (NP speculation)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP detracts (PP-CLR from (NP (NP (NP the stock market 's) basic function) (PP of (S-NOM (NP-SBJ *) (VP raising (NP capital))))))))))))))) .)) (TOP (S-1 `` (PP-TMP Before (NP futures)) (PRN , '' (SINV (VP says (S *T*-1)) (NP-SBJ New York investor Michael Harkins)) , ``) (NP-SBJ-2 you) (ADVP actually) (VP had (S (NP-SBJ *-2) (VP to (VP pay (NP attention) (PP-CLR to (SBAR-NOM whether (S (NP-SBJ (NP the thing) (SBAR (WHNP-3 0) (S (NP-SBJ you) (VP were (VP buying (NP *T*-3)))))) (VP had (NP any intrinsic value))))))))) . '')) (TOP (S (SBAR-ADV While (S (NP-SBJ it) (VP was (ADVP-TMP once) (VP expected (SBAR that (S (NP-SBJ futures) (VP would (VP mimic (NP stock prices))))))))) , (NP-SBJ traders) (ADVP-TMP now) (VP (ADVP-MNR routinely) check (NP (NP the futures markets) (PP-LOC in (NP Chicago))) (SBAR-TMP before (S (NP-SBJ they) (VP buy or sell (NP stocks))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Chicago futures prices) (VP jump (ADVP (ADVP up) or (ADVP down)) (ADVP-TMP *T*-1)))) , (NP-SBJ the New York Stock Exchange) (VP follows) .)) (TOP (S (PP-TMP On (NP Tuesday)) , (PP for (NP instance)) , (NP-SBJ the Dow Jones Industrial Average) (VP plunged (NP-ADV 80 points) (PP in (NP (NP little more) (PP than (NP an hour))))) .)) (TOP (S (ADVP-TMP Then) , (PP in (NP (NP the space) (PP of (NP a 20-minute coffee break)))) , (NP-SBJ the average) (VP rallied (NP (NP almost all) (PP of (NP the way back)))) .)) (TOP (S (NP-SBJ (NP Paul Lesutis) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP manages (NP (NP (QP more than $ 3 billion) *U*) (PP of (NP investments))) (PP-LOC at (NP Provident Capital Management Inc.))))) ,) (VP blames (NP futures markets) (PP-CLR for (S-NOM (NP-SBJ *) (VP leading (NP the way))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ The fundamentals) (VP do n't (VP change (PP-TMP in (NP an hour)))) , '') (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ they) (VP should (VP close (PRT down) (NP the futures exchange))))))) and (S (ADVP-TMP then) (NP-SBJ we) (VP could (VP get (ADVP-CLR back) (PP-CLR to (NP investing))))) . '')) (TOP (S (NP-SBJ-1 (NP Index arbitrage) (PRN -- (NP (NP the rapid-fire buying and selling) (PP of (NP stocks)) (VP offset (NP *) (PP-CLR with (NP (NP opposite trades) (PP-LOC in (NP futures)))))) --)) (VP is (ADVP-TMP frequently) (VP blamed (NP-2 *-1) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP adding (PP-CLR to (NP (ADJP stock market) volatility))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 index arbitrage) (VP is (VP said (S (NP-SBJ *-1) (VP to (VP add (NP liquidity) (PP-CLR to (NP markets))))))))) , (NP-SBJ (NP John Bachmann) , (NP (NP managing partner) (PP of (NP Edward D. Jones))) ,) (VP says (SBAR 0 (S (NP-SBJ (ADJP too much) liquidity) (VP is n't (NP-PRD a good thing))))))) (TOP (S `` (NP-SBJ (NP The kind) (PP of (NP instant liquidity)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP is (VP implied (NP *-1) (PP by (NP-LGS index futures))))))) (VP is (SBAR-PRD that (S (NP-SBJ you) (VP can (VP (VP buy (NP a portfolio) (PP-TMP over (NP two years))) and (VP get (PRT out) (PP-TMP in (NP one day)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ It) (VP 's (ADJP-PRD too disruptive)) , '') (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ It) (VP is n't (NP-PRD investing)) . '')) (TOP (S But (NP-SBJ stock-index futures) (VP have (NP (NP plenty) (PP of (NP support)))) .)) (TOP (S (NP-SBJ Defenders) (VP say (SBAR 0 (S (NP-SBJ futures) (VP (VP make (S (NP-SBJ markets) (ADJP-PRD more efficient))) and (VP provide (NP (NP ways) (SBAR (WHADVP-1 0) for (S (NP-SBJ investors) (VP to (VP reduce (NP risks) (ADVP-MNR *T*-1))))))))))) .)) (TOP (S (NP-SBJ They) (VP note (SBAR that (S (NP-SBJ stocks) (VP experienced (NP volatile swings) (PP-TMP (ADVP long) before (NP futures)))))) .)) (TOP (S-1 And , (PRN (S (NP-SBJ defenders) (VP say (SBAR 0 (S *T*-1))))) , (NP-SBJ few people) (VP complain (PP-CLR about (NP futures)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ stock prices) (VP are (VP rising (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ (NP Louis Margolis) , (NP (NP managing director) (PP in (NP (NP charge) (PP of (NP (NP equity options) and (NP futures))))) (PP-LOC at (NP Salomon Inc.))) ,) (VP says (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP trading (NP (NP baskets) (PP of (NP stocks))))) (VP began (PP-TMP in (NP (NP the 1970s) , (NP (NP a decade) (PP-TMP before (NP (NP the advent) (PP of (NP futures))))))))))) .)) (TOP (S-1 (NP-SBJ Futures) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (ADVP merely) (VP cut (PRT down) (PP-CLR on (NP trading costs))) .)) (TOP (S (NP-SBJ He) (VP says (S `` (S-NOM-SBJ (NP-SBJ *) (VP blaming (NP futures))) (VP is (PP-PRD like (S-NOM (NP-SBJ *) (VP blaming (NP the messenger))))))) . '')) (TOP (S (S-TPC-1 (SBAR-PRP Since (S (NP-SBJ stock-index arbitrage) (ADVP merely) (VP narrows (NP (NP the gap) (PP-LOC between (NP (NP (NP prices) (PP-LOC in (NP the futures))) and (NP stock markets))))))) , (NP-SBJ it) (VP ca n't (VP add (PP-CLR to (NP volatility))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ Futures) `` (VP do n't (VP need (NP defending))) , '') (VP says (S *T*-2)) (NP-SBJ (NP Andrew Yemma) , (NP (NP a spokesman) (PP for (NP (NP the Chicago Mercantile Exchange) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP trades (NP (NP the S&P 500) , (NP (ADVP by far) the largest stock-index futures contract))))))))) .)) (TOP (S (PP Despite (NP (NP the current outcry) (PP over (NP stock market volatility)))) , (NP-SBJ few people) (VP expect (S (NP-SBJ stock futures) (VP to (VP disappear)))) .)) (TOP (S (PP For (NP one thing)) , (NP-SBJ the Chicago futures exchanges) (VP have (NP (NP political and financial clout) -- (PP including (NP (NP many friends) (PP-LOC in (NP Congress)))))) .)) (TOP (S And (NP-SBJ traders) (VP say (SBAR that (S (NP-SBJ futures) (VP have (VP become (NP-PRD (NP an accepted part) (PP of (NP the financial landscape)))))))) .)) (TOP (SINV (S-TPC-2 `` (S (NP-SBJ All life) (VP is (PP-PRD about (NP change)))) -- (S either (S (NP-SBJ-1 you) (VP adapt)) or (S (NP-SBJ *-1) (VP die))) , '') (VP says (S *T*-2)) (NP-SBJ one Chicago futures trader) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ-1 futures) (VP are n't (VP permitted (NP *-1) (ADVP-LOC here))))) , (NP-SBJ we) (VP 'll (VP take (NP it) (PP-DIR to (NP Australia or Tokyo)))) . '')) (TOP (S (NP-SBJ (NP Average daily volume) (PP-LOC in (NP S&P 500 futures))) (NP-TMP last year) (VP was (NP-PRD 44,877 contracts)) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Based (NP *-1) (PP-CLR on (NP (NP (NP yesterday 's) closing price) (PP of (NP the S&P)))))) , (NP-SBJ-2 (NP the average value) (PP of (NP (NP one day 's) trading))) (VP amounts (PP-CLR to (NP (QP $ 7.6 billion) *U*))) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ (NP average dollar volume) (PP-LOC on (NP the Big Board))) (NP-TMP last year) (VP was (NP-PRD (QP $ 5.3 billion) *U*)) .)) (TOP (S (NP-SBJ Many investment managers) (VP say (SBAR 0 (S (NP-SBJ futures) (VP are (ADJP-PRD useful (PP as (NP (NP a way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP hedge (NP portfolios) (ADVP-MNR *T*-1)))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 managers) (VP (VP fear (SBAR that (S (NP-SBJ the overall stock market) (VP will (VP fall))))) , but (VP want (S (NP-SBJ-2 *-1) (VP to (VP continue (S (NP-SBJ *-2) (VP owning (NP stocks)))))))))) , (NP-SBJ they) (VP can (VP (VP hold (PRT on) (PP-CLR to (NP specific stocks))) and (VP sell (NP (NP a corresponding amount) (PP of (NP futures contracts)))))) .)) (TOP (S (NP-SBJ (NP Average daily volume) (PP-LOC in (NP S&P 500 futures))) (NP-TMP last year) (VP was (NP-PRD 44,877 contracts)) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Based (NP *-1) (PP-CLR on (NP (NP (NP yesterday 's) closing price) (PP of (NP the S&P)))))) , (NP-SBJ-2 (NP the average value) (PP of (NP (NP one day 's) trading))) (VP amounts (PP-CLR to (NP (QP $ 7.6 billion) *U*))) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ (NP average dollar volume) (PP-LOC on (NP the Big Board))) (NP-TMP last year) (VP was (NP-PRD (QP $ 5.3 billion) *U*)) .)) (TOP (S (NP-SBJ Many investment managers) (VP say (SBAR 0 (S (NP-SBJ futures) (VP are (ADJP-PRD useful (PP as (NP a way (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP hedge (NP portfolios) (ADVP-MNR *T*-1)))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 managers) (VP (VP fear (SBAR that (S (NP-SBJ the overall stock market) (VP will (VP fall))))) , but (VP want (S (NP-SBJ-2 *-1) (VP to (VP continue (S (NP-SBJ *-2) (VP owning (NP stocks)))))))))) , (NP-SBJ they) (VP can (VP (VP hold (PRT on) (PP-CLR to (NP specific stocks))) and (VP sell (NP (NP a corresponding amount) (PP of (NP futures contracts)))))) .)) (TOP (S And (SBAR-ADV although (S (NP-SBJ (NP criticism) (PP of (NP futures))) (ADVP generally) (VP comes (PP-CLR from (NP Wall Street))))) , (NP-SBJ one Chicago futures trader) (VP notes (SBAR that (S (NP-SBJ brokerage firms) (VP rely (PP-CLR on (NP futures)) (PP-CLR as (NP hedging tools)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP buy and sell (NP (NP big blocks) (PP of (NP stocks))) (PP-CLR from (NP institutions)) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP One reason) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 futures) (VP are (VP said (S (NP-SBJ *-1) (VP to (VP add (NP volatility) (ADVP-PRP *T*-2))))))))) (VP is (SBAR-PRD that (S -- (PP unlike (PP in (NP stocks))) -- (NP-SBJ people) (VP can (VP speculate (PP-CLR in (NP futures)) (PP-MNR with (NP little money down))))))) .)) (TOP (S (NP-SBJ (NP Margin requirements) (PP for (NP (NP speculators) (PP-LOC on (NP the Chicago Mercantile Exchange))))) (VP are (ADVP-TMP currently) (NP-PRD (QP about 7) %)) .)) (TOP (S (S-TPC-1 `` (PP For (NP (QP $ 10 million) *U*)) , (NP-SBJ you) (VP can (VP move (NP (NP (QP $ 100 million) *U*) (PP of (NP stocks))))) , '') (NP-SBJ (NP a specialist) (PP-LOC on (NP the Big Board))) (VP gripes (S *T*-1)) .)) (TOP (S `` (NP-SBJ That) (VP gives (NP futures traders) (NP (ADJP (NP a lot) more) power)) . '')) (TOP (S (PP By (NP contrast)) , (NP-SBJ (NP an investor) (PP in (NP stocks))) (VP must (VP put (PRT up) (NP (NP 50 %) (PP in (NP cash))))) .)) (TOP (S (NP-SBJ Some critics) (VP say (SBAR 0 (S (NP-SBJ futures) (VP encourage (S (NP-SBJ people) (VP to (VP think (PP-CLR of (NP stocks)) (PP-CLR (PP as (NP a single commodity)) , (CONJP rather than) (PP as (NP (NP investments) (PP-LOC in (NP individual businesses)))))))))))) .)) (TOP (S-1 (ADVP Thus) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-1)))) ,) (NP-SBJ futures) (VP inhibit (NP (NP (NP the basic purpose) (PP of (NP the stock market))) : (S (NP-SBJ *) (VP to (ADVP accurately) (VP price (NP securities) (SBAR-PRP so that (S (NP-SBJ capital and investment) (VP flows (SBAR-DIR (WHADVP-3 where) (S (NP-SBJ it) (VP 's (VP needed (ADVP-MNR most) (ADVP-DIR *T*-3))))))))))))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ-1 The (ADJP S&P 500 index) futures) `` (VP transferred (NP (NP the identity) (PP of (NP 500 stocks))) (PP-CLR into (NP one unit)) - (S-ADV (NP-SBJ *-1) (VP making (S (NP-SBJ them) (NP-PRD (NP a simple commodity) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP trade (NP *T*-2)))))))))) , '') (VP says (S *T*-3)) (NP-SBJ (NP George Kegler) , (NP (NP senior vice president) (PP-LOC at (NP (NP A. Webster Dougherty) (PP-LOC in (NP Philadelphia)))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ It) (VP took (PRT away) (NP the need (S (NP-SBJ *) (VP to (VP know (NP (NP the bad third-quarter report) (PP of (NP IBM))))))) , (PP for (NP example)))) , '' (NP-SBJ Mr. Kegler) (VP says (S *T*-2)) .)) (TOP (S (PP Of (NP course)) , (NP-SBJ (NP portfolio trading) -- (NP (NP the (ADJP increasingly common) practice) (PP of (S-NOM (NP-SBJ *) (VP buying or selling (NP (NP baskets) (PP of (NP actual stocks))))))) --) (ADVP also) (VP treats (NP stocks) (PP-CLR as (NP homogenous commodities))) .)) (TOP (SINV (S-TPC-4 `` (NP-SBJ There) (VP is (NP-PRD (NP a class) (PP of (NP investor)) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP wants (S (NP-SBJ-1 *-3) (VP to (VP be (VP exposed (NP *-1) '' (PP-CLR to (NP the whole market))))))))))) ,) (VP says (S *T*-4)) (NP-SBJ (NP Sandip Bhagat) , (NP (NP assistant vice president) (PP-LOC at (NP Travelers Investment Management Co)))) .)) (TOP (S (S-TPC-2 (NP-SBJ The S&P futures) (VP are (ADVP merely) (NP-PRD (NP a (ADJP `` cheaper and quicker '') way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP get (NP (NP access) (PP to (NP (QP all 500) stocks))) (ADVP-MNR *T*-1)))))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 The Big Board) (NP-TMP yesterday) (VP began (S (NP-SBJ *-1) (VP trading (PP-CLR in (NP (NP its own (ADJP basket trading) vehicle) (VP representing (NP the S&P 500 stocks))))))) .)) (TOP (S But (S-NOM-SBJ (NP-SBJ *) (VP owning (NP index futures))) (VP is n't (NP-PRD (NP the same) (PP as (S-NOM (NP-SBJ *) (VP owning (NP the underlying stocks)))))) .)) (TOP (S (NP-SBJ Stockholders) , (PP as (NP a group)) , (VP can (VP win) , (SBAR-PRP because (S (NP-SBJ they) (VP own (NP (NP a share) (PP of (NP (NP corporate earnings) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP can (VP (VP grow) and (VP boost (NP stock prices))))))))))))) .)) (TOP (S (NP-SBJ Futures) , (PP on (NP the other hand)) , (VP are (NP-PRD (NP a zero sum game) -- (NP (NP a market) (PP for (S-NOM (NP-SBJ *) (VP making (NP (NP side bets) (PP about (NP (NP the direction) (PP of (NP stock prices))))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ You) (VP do n't (VP own (NP anything))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Stephen Boesel) , (NP (NP a money manager) (PP for (NP (NP T. Rowe Price) (PP-LOC in (NP Baltimore)))))) .)) (TOP (S `` (NP-SBJ You) (VP 're (VP making (NP (NP a pure bet) (PP-LOC on (NP the market))))) .)) (TOP (S (NP-SBJ The European Community Commission) (VP challenged (NP (NP an agreement) (PP on (NP routes and fares)) (PP between (NP (NP France 's) two largest airlines))) (PP-MNR on (NP antitrust grounds))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Meeting (PP-LOC in (NP Strasbourg)) (NP-TMP Wednesday))) , (NP-SBJ-1 the commission) (VP voted (PRN , (SBAR as (S (NP-SBJ *) (VP expected))) ,) (S (NP-SBJ *-1) (VP to (VP (ADVP-MNR formally) object (PP-CLR to (NP (NP the accord) (PP between (NP (NP (NP Air France) , (NP the state-owned airline)) , and (NP (NP state-controlled domestic carrier) (NP Air Inter)))))))))) .)) (TOP (S (NP-SBJ An EC spokesman) (VP said (SBAR 0 (S (NP-SBJ-1 the two companies) (VP will (VP be (VP notified (NP *-1) (SBAR-PRP so (S (NP-SBJ they) (VP can (VP begin (NP (NP negotiations) (PP with (NP Brussels)) (PP on (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ *) (VP to (VP modify (NP the pact) (ADVP-MNR *T*-2))))))))))))))))) .)) (TOP (SINV (PP-PRD-1 At (NP issue)) (VP is (PP-PRD *T*-1)) (NP-SBJ (NP an accord) (VP dating (ADVP back) (PP-TMP-CLR to (NP March))) (SBAR (WHPP-3 in (WHNP which)) (S (S (NP-SBJ Air France) (VP gained (NP (NP access) (PP to (NP five domestic French routes))) (PP under (NP (NP Air Inter 's) flight numbers)))) and (S (NP-SBJ-2 the domestic airline) (VP got (S (NP-SBJ *-2) (VP to (VP fly (PP-DIR to (NP (NP five cities) (ADVP-LOC outside (PP of (NP France))))) (PP under (NP (NP the flag) (PP of (NP Air France))))))))) (PP-LOC *T*-3)))) .)) (TOP (S (NP-SBJ The two) (VP (VP shared (NP (NP results) (PP from (NP this route swap)))) , and (VP followed (NP (NP rules) (PP on (NP ticket pricing))))) .)) (TOP (S (NP-SBJ The EC Commission) (VP decided (SBAR that (S (NP-SBJ-1 such an accord) (VP does n't (VP benefit (NP consumers) (ADVP-CLR enough (S (NP-SBJ *-1) (VP to (VP merit (NP (NP an exemption) (PP from (NP antitrust law)))))))))))) .)) (TOP (S (NP-SBJ The airlines) (VP presented (NP it) (PP-CLR as (S-NOM (NP-SBJ *) (VP offering (NP consumers) (NP (NP more choice) and (NP better flight connections)))))) .)) (TOP (S (NP-SBJ An Air France spokeswoman) (VP said , (S `` (NP-SBJ-1 we) (VP 're (ADJP-PRD absolutely ready (S (NP-SBJ *-1) (VP to (VP study (NP all solutions)))))))) . '')) (TOP (S (NP-SBJ An Air Inter spokesman) (VP said , (S `` (SBAR-PRP Because (S (NP-SBJ (NP they) (PRN -LCB- (NP the EC) -RCB-)) (VP have (NP doubts)))) , (NP-SBJ we) (VP will (VP work (ADVP again) (PP-CLR on (NP (NP (NP the text) and (NP the contents)) (PP of (NP the accord)))))))) .)) (TOP (S (NP-SBJ A state appellate court) (VP reinstated (NP (NP (NP the 1987 convictions) (PP of (NP (NP Pymm Thermometer Corp.) and (NP (NP two) (PP of (NP its executives)))))) (PP on (NP (NP charges) (PP of (NP assault)) (PP for (S-NOM (NP-SBJ *) (VP exposing (NP workers) (PP-CLR to (NP toxic mercury vapors))))))))) .)) (TOP (S (NP-SBJ The indictment) (VP charged (SBAR that (S (NP-SBJ Pymm) (VP operated (NP (NP a machine) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP (VP crush (NP broken thermometers)) and (VP recover (NP the mercury))))))) (PP-LOC in (NP an illegal workroom)))))) .)) (TOP (S (NP-SBJ The charges) (VP said (SBAR that (S (NP-SBJ one worker) (VP suffered (NP permanent brain damage) (PP-CLR from (NP mercury exposure)))))) .)) (TOP (S (NP-SBJ-2 (NP The judge) (VP handling (NP the case) (PP-LOC in (NP (NP state Supreme Court) , (NP a trial court) ,)))) (VP had (VP tossed (PRT out) (NP the jury verdicts) , (S-ADV (NP-SBJ *-2) (VP ruling (SBAR that (S (NP-SBJ-3 the matter) (VP should (VP have (VP been (VP handled (NP *-3) (PP-LOC under (NP federal Occupational Safety and Health Administration rules)))))))))))) .)) (TOP (S But (NP-SBJ (NP the Appellate Division) (PP of (NP State Supreme Court))) (VP held (SBAR 0 (S (NP-SBJ that federal law) (VP did n't (VP pre-empt (NP the states) (PP-CLR from (NP such a prosecution))))))) .)) (TOP (S (NP-SBJ (NP Elizabeth Holtzman) , (NP (NP district attorney) (PP for (NP (NP Brooklyn) , (NP N.Y.) ,)))) (VP said , (S `` (NP-SBJ The appellate division) (VP has (VP agreed (PP-CLR with (NP our view (SBAR that (S (PP despite (NP federal worker-safety laws)) , (NP-SBJ state prosecutors) (VP have (NP the power (S (NP-SBJ *) (VP to (VP protect (NP working people)))))))))))))) . '')) (TOP (S (NP-SBJ-1 (NP Lawyers) (PP for (NP the company and executives))) (VP could n't (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-SBJ The executives) (VP face (NP (NP (NP (QP five to 15) years) (PP-LOC in (NP prison))) and (NP (NP fines) (PP of (NP (NP $ 5,000 *U*) or (NP (NP double the profit) (VP made (NP *) (PP-MNR by (S-NOM (NP-SBJ-1 *) (VP failing (S (NP-SBJ *-1) (VP to (VP comply (PP-CLR with (NP the rules))))))))))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP could (VP be (VP fined (NP *-1) (NP (NP (QP a maximum of $ 10,000) *U*) , or (NP double the profit))))) .)) (TOP (S (NP-SBJ-1 General Motors Corp.) (VP wants (S (NP-SBJ-2 *-1) (VP to (VP buy (NP (NP (QP as much as 15) %) (PP of (NP Jaguar PLC))) , (S-ADV (NP-SBJ *-2) (VP marking (NP (NP its first salvo) (PP in (NP (NP a possible full-scale battle) (PP against (NP Ford Motor Co.)) (PP for (NP (NP control) (PP of (NP the British car maker))))))))))))) .)) (TOP (S (NP-SBJ GM) (VP (VP sought (NP U.S. antitrust clearance (S *ICH*-1)) (NP-TMP last week) (S-1 (NP-SBJ *) (VP to (VP purchase (NP (NP (NP (QP more than $ 15 million) *U*) worth) (PP of Jaguar shares)))))) but (VP does n't (VP own (NP any) (ADVP-TMP yet))) , (PP according (PP to (NP (NP GM officials) (UCP-LOC (ADVP here) and (PP at (NP (NP the company 's) Detroit headquarters))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ The No. 1 U.S. auto maker) (ADVP-TMP then) (VP wrote (NP-CLR Jaguar) (SBAR that (S (NP-SBJ-1 it) (VP intends (S `` (NP-SBJ *-1) (VP to (VP go (PP-DIR to (NP that (ADJP 15 %) '' level)) (SBAR-TMP once (S (NP-SBJ it) (VP wins (NP the U.S. clearance (S (NP-SBJ *) (VP to (VP go (PP-LOC beyond (NP (QP $ 15 million) *U*))))))))))))))))) , (NP-SBJ a Jaguar spokesman) (VP said (SBAR 0 (S *T*-2)) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ The GM move) (VP follows (NP (NP (NP Tuesday 's) declaration) (PP by (NP (NP Ford) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP holds (NP (NP an unwelcome (ADJP 12.45 %) stake) (PP-LOC in (NP Jaguar)))))))) , (SBAR that (S (NP-SBJ-2 it) (VP is (ADJP-PRD prepared (S (NP-SBJ *-2) (VP to (VP bid (PP-CLR for (NP the entire company))))))))))) .)) (TOP (S (NP-SBJ GM) (VP is (ADJP-PRD close (PP to (S-NOM (NP-SBJ *) (VP completing (NP (NP a friendly deal) (PP with (NP Jaguar)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP involve (NP (NP an eventual (ADJP 30 %) stake) and (NP joint manufacturing ventures))))))))))))))) .)) (TOP (S (NP-SBJ-1 Speculative investors) , (S-ADV (NP-SBJ *-1) (VP betting (PP-CLR on (NP (NP an imminent clash) (PP between (NP Ford and GM)))))) , (VP pushed (ADVP-DIR up) (NP (NP Jaguar 's) share price) (NP-EXT (NP five pence) (PRN -LRB- (NP eight U.S. cents) -RRB-)) (PP-DIR to (NP (NP a near-record 720 pence) (PRN -LRB- (NP $ 11.60 *U*) -RRB-))) (PP-LOC in (NP (NP late trading) (PP-LOC on (NP (NP London 's) stock exchange)))) (NP-TMP yesterday)) .)) (TOP (S (PP-TMP Since (NP Tuesday)) , (NP-SBJ the shares) (VP have (VP gained (NP (QP nearly 4) %))) .)) (TOP (S But (NP-SBJ (NP an all-out bidding war) (PP between (NP (NP the world 's) top auto giants)) (PP for (NP (NP Britain 's) leading luxury-car maker))) (VP seems (ADJP-PRD unlikely)) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ We) (VP will not (VP go (PP-DIR over (NP a certain level)))) , '') (VP said (S *T*-1) (PP-LOC *ICH*-2) (PP-LOC *ICH*-3)) (NP-SBJ (NP David N. McCammon) , (NP (NP (NP Ford 's) vice president) (PP for (NP finance))) ,) (PP-LOC-2 at (NP (NP a news conference) (NP-TMP yesterday))) (PP-LOC-3 in (NP (NP Dearborn) , (NP Mich))) .)) (TOP (S `` (NP-SBJ There) (VP 's (NP-PRD (NP some price) (SBAR (WHPP-1 at (WHNP which)) (S (NP-SBJ-2 we) (VP 'd (VP stop (S (NP-SBJ *-2) (VP bidding (PP *T*-1))))))))) . '')) (TOP (S (NP-SBJ He) (VP would n't (VP specify (SBAR-NOM (WHNP-1 what) (S (NP-SBJ it) (VP was (NP-PRD *T*-1)))))) .)) (TOP (S And (NP-SBJ powerful political pressures) (VP may (VP convince (S (NP-SBJ the Conservative government) (VP to (VP keep (NP (NP its so-called golden share) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP limits (NP any individual holding) (PP-CLR to (NP 15 %))))) ,) (SBAR-TMP until (S (NP-SBJ the restriction) (VP expires (PP-CLR-TMP on (NP Dec. 31 , 1990)))))))))) .)) (TOP (SINV (S-TPC-2 `` (NP-SBJ I) (ADVP really) (VP do n't (VP see (S (NP-SBJ the government) (VP doing (NP (NP something) (SBAR (WHNP-1 that) (S (NP-SBJ Jaguar) (VP does n't (VP want (NP *T*-1)))))) (PP-TMP over (NP the next 14 months)))))) , '') (VP said (S *T*-2)) (NP-SBJ (NP Kenneth Warren) , (NP (NP (NP a Conservative member) (PP of (NP Parliament))) and (NP (NP chairman) (PP of (NP (NP the Select Committee) (PP on (NP Trade and Industry)) (PP-LOC in (NP (NP (NP Britain 's) House) (PP of (NP Commons))))))))) .)) (TOP (S `` (S (NP-SBJ The golden share) (VP is (NP-PRD a single share))) , but (S (NP-SBJ it) (VP is (NP-PRD the magic share))) . '')) (TOP (S (NP-SBJ The government) (VP retained (NP the single share) (PP-TMP after (S-NOM (NP-SBJ *) (VP (VP selling (NP (NP its stake) (PP in (NP Jaguar))) (PP-TMP in (NP 1984))) -- (NP (NP part) (PP of (NP (NP a nationalistic practice) (PP of (S-NOM (NP-SBJ-1 *) (VP protecting (NP former government-owned enterprises) (S-PRP (NP-SBJ *-1) (VP to (VP deflect (NP (NP criticism) (PP of (NP privatization)))))))))))))))) .)) (TOP (S (NP-SBJ The (ADJP 15 %) restriction) (VP covers (NP (NP any would-be suitor) , (ADJP British or foreign))) .)) (TOP (S (NP-SBJ-1 Ford) (VP is (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP bid (PP-CLR for (NP (NP 100 %) (PP of (NP (NP Jaguar 's) shares)))))))) (SBAR-ADV if (S (NP-SBJ-2 both (NP the government) and (NP Jaguar shareholders)) (VP agree (S (NP-SBJ *-2) (VP to (VP relax (NP the anti-takeover barrier) (ADVP-TMP prematurely)))))))) .)) (TOP (S (S (NP-SBJ *-2) (PP-PRD As (NP (NP (NP Jaguar 's) biggest holder) and (NP (NP Britain 's) biggest car maker)))) , (NP-SBJ-2 Ford) (VP could (VP turn (PRT up) (NP the heat) (PP-MNR by (S-NOM (NP-SBJ *) (VP (VP convening (NP (NP a special shareholders ') meeting)) and (VP urging (NP-1 holders) (S (NP-SBJ *-1) (VP to (VP drop (NP the limits) (ADVP-TMP early)))))))))) .)) (TOP (S (NP-SBJ Ford) (VP might (VP succeed (SBAR-PRP because (S (NP-SBJ many shareholders) (VP are (NP-PRD (NP (NP speculators) (ADJP keen (PP for (NP a full bid)))) or (NP (NP institutional investors) (ADJP unhappy (PP over (NP (NP (NP Jaguar management 's) handling) (PP of (NP its current financial difficulties)))))))))))) .)) (TOP (S (NP-SBJ The government) (ADVP probably) (VP would n't (VP give (PRT in) (ADVP-MNR readily) (PP to (NP (NP a hostile foray) (PP by (NP Ford)))) , (ADVP however))) .)) (TOP (S (NP-SBJ It) (VP has (VP relinquished (NP a golden share) (ADVP-TMP (ADVP only once before) -- (PP-TMP during (NP (NP (NP British Petroleum Co. 's) (ADJP (NP (QP # 2.5 billion) *U*) (ADJP -LRB- (NP (QP $ 4 billion) *U*) -RRB-)) takeover) (PP of (NP Britoil PLC)) (PP-TMP in (NP 1988))))))) .)) (TOP (S (S (NP-SBJ *-1) (PP-PRD In (S-NOM (NP-SBJ *) (VP wooing (NP British lawmakers))))) , (NP-SBJ-1 GM) (VP has (VP pointed (PRT out) (SBAR that (S (NP-SBJ its willingness (S (NP-SBJ *) (VP to (VP settle (PP-CLR for (NP a minority stake)))))) (VP would (VP keep (S (NP-SBJ Jaguar) (ADJP-PRD British-owned and independent)))))))) .)) (TOP (S (NP-TMP This week) , (NP-SBJ the U.S. auto giant) (VP paid (SBAR-CLR for (S (NP-SBJ (NP 10 (NAC House (PP of (NP Commons))) members) and (NP two (NAC House (PP of (NP Lords))) members)) (VP to (VP (VP fly (PP-DIR to (NP Detroit))) and (VP tour (NP its operations there))))))) .)) (TOP (S (SBAR While (S (NP-SBJ the visit) (VP was (ADJP-PRD unrelated (PP to (NP Jaguar)))))) , (NP-SBJ GM Chairman Roger Smith) (VP answered (NP (NP (NP the legislators ') questions) (PP about (NP it))) (PP-TMP over (NP lunch)) (NP-TMP Tuesday)) .)) (TOP (SINV (S-TPC-2 (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 Jaguar) `` (VP should n't (VP be (VP smothered (NP *-1) (PP by (NP-LGS anyone else))))) , '')))) (VP recalled (SBAR 0 (S *T*-2))) (NP-SBJ one participant) .)) (TOP (S (NP-SBJ Politics) (ADVP also) (VP influences (NP (NP (NP the government 's) thinking) (PP on (NP the anti-takeover restriction)))) .)) (TOP (S (S (NP-SBJ-1 The Conservatives) (VP do n't (VP dare (S (NP-SBJ *-1) (VP jeopardize (NP (NP marginal Tory seats) (PP-LOC in (NP (NP Coventry) , (SBAR (WHADVP-2 where) (S (NP-SBJ Jaguar) (VP has (NP headquarters) (ADVP-LOC *T*-2)))))))))))) , nor (SINV can (NP-SBJ the government) (VP (ADVP-MNR easily) back (PRT down) (PP-CLR on (NP (NP promised protection) (PP for (NP a privatized company)))) (SBAR-TMP while (S (NP-SBJ it) (VP proceeds (PP-CLR with (NP controversial plans (S (NP-SBJ *) (VP to (VP privatize (NP (NP most) (PP of (NP (NP Britain 's) water and electricity industries))))))))))))) .)) (TOP (S (NP-SBJ Prime Minister Margaret Thatcher) (VP might , (ADVP however) , (VP be (ADJP-PRD receptive (PP to (NP (NP any request) (PP by (NP Jaguar Chairman Sir John Egan)) (PP for (NP (NP the restriction 's) early removal (S (NP-SBJ *) (VP to (VP let (S (NP-SBJ GM) (VP amass (NP (QP more than 15) %)) or (VP mount (NP a friendly suitor bid) (PP-CLR against (NP Ford)))))))))))))) .)) (TOP (S (PP-TMP In (NP the end)) , (NP-SBJ (NP Sir John) (PRN -- (CONJP rather than) (NP (NP the government) or (NP Jaguar shareholders)) --)) (VP may (VP hold (NP (NP the key) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP unlocks (NP the golden share))))))) .)) (TOP (S (NP-SBJ (NP Swedish rolling-steel and ball-bearing group) (NP AB SKF)) (VP said (SBAR 0 (S (NP-SBJ its pretax profit) (VP rose (NP-EXT 78 %) (PP-DIR to (NP (NP (QP 1.78 billion) kronor) (PRN -LRB- (NP (QP $ 278 million) *U*) -RRB-)) (PP-TMP in (NP the first nine months))) (PP-DIR from (NP (NP (QP one billion) kronor) (PRN -LRB- (NP (QP $ 156 million) *U*) -RRB-)) (PP-TMP in (NP (NP the corresponding period) (ADVP (NP a year) earlier)))))))) .)) (TOP (S (NP-SBJ SKF) (VP said (SBAR 0 (S (NP-SBJ sales) (VP increased (NP-EXT 17 %) (PP-DIR to (NP (QP 18.46 billion) kronor)) (PP-DIR from (NP 15.72 billion)))))) .)) (TOP (S (NP-SBJ (NP Earnings) (PP per (NP share))) (VP were (NP-PRD 10.35 kronor) (PP compared (PP with (NP 5.80 kronor)))) .)) (TOP (S (NP-SBJ SKF) (VP said (SBAR 0 (S (NP-SBJ (NP demand) (PP for (NP (NP (NP the group 's) main product) , (NP rolling bearings) ,))) (VP remained (ADJP-PRD favorable) (PP-LOC in (NP (NP Europe) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP accounts (PP-CLR for (NP (NP (QP slightly more than two-thirds)) (PP of (NP group sales))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (ADJP Latin American) markets) (VP continued (NP their recovery) (PP-TMP after (NP (NP a weak start) (PP to (NP the year)))))) , (NP-SBJ SKF) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ (NP the situation) (PP-LOC in (NP the U.S.))) (VP is (ADVP-TMP still) (ADJP-PRD uncertain) (SBAR-TMP as (S (NP-SBJ (NP reduced production) (PP-LOC in (NP (NP the country 's) automotive industry))) (VP has (VP resulted (PP-CLR in (NP (NP weakened demand) (PP for (NP rolling bearings)))))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ (NP (NP SKF 's) results) (PP for (NP the first nine months))) (VP lived (PRT up) (PP-CLR to (NP market expectations)) (SBAR-PRP as (S (NP-SBJ brokerage firms) (VP had (VP predicted (NP (NP a pretax profit) (PP of (NP (QP 1.74 billion to 1.86 billion) kronor))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The three business areas) (VP engaged (NP *) (PP-CLR in (NP rolling bearing operations)))) (VP continued (S (NP-SBJ *-1) (VP to (VP show (NP favorable sales development))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP rolling bearings))) (VP increased (NP-EXT 19 %) (PP-DIR to (NP (QP 15.7 billion) kronor)) (PP-DIR from (NP (QP 13.2 billion) kronor)) (PP-TMP in (NP (NP the corresponding period) (NP-TMP the previous year)))) .)) (TOP (S (NP-SBJ We) (VP read (PP-MNR with (NP interest)) (NP (NP (NP (NP Robert Tomsho 's) (NP-TMP Sept. 28) page-one article) (PP on (NP Robert Redford))) (PRN -LRB- (S-TTL `` (NP-SBJ The Sundance Kid) (VP Gets (NP Little Respect) (PP-LOC Around (NP Sundance))) '') -RRB-))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Misunderstanding (NP (NP conversations) (PP with (NP us))))) , (NP-SBJ-1 Mr. Tomsho) (VP argued (SBAR that (S (NP-SBJ (NP Mr. Redford 's) environmental views) (VP are (PP-PRD at (NP odds)) (PP-CLR with (NP Utah residents)))))) .)) (TOP (S (S (NP-SBJ This) (VP may (VP have (VP been (ADJP-PRD true) (ADVP-TMP (NP 10 years) ago))))) , but (S (NP-SBJ times) (VP have (VP changed , (PP-LOC (ADVP even) in (NP Utah))))) .)) (TOP (S (NP-SBJ Mr. Redford) (ADVP-TMP no longer) (VP stands (PRT out) (PP-CLR as (NP an extremist))) .)) (TOP (S (S (NP-SBJ He) (VP has not (VP changed))) , but (S (NP-SBJ (NP those) (PP-LOC around (NP him))) (VP have (VP *?*))) .)) (TOP (S (NP-SBJ-1 (NP Many) (PP of (NP (NP his views) (PP on (NP (NP the protection) (PP of (NP (NP wilderness areas) , (NP rivers) and (NP canyons)))))))) (VP are (ADVP-TMP now) (VP embraced (NP *-1) (PP by (NP-LGS (ADJP mainstream , conservative) Utahans)))) .)) (TOP (S (ADVP-TMP Recently) , (NP-SBJ-1 (NP (QP some 60) (ADJP environmental and outdoor) groups) (VP representing (NP (NP such divergent points) (PP of (NP view)) (PP as (NP (NP the Sierra Club) , (NP (NP the League) (PP of (NP Women Voters))) and (NP the National Rifle Association)))))) (VP joined (ADVP-CLR together) (S-PRP (NP-SBJ *-1) (VP to (VP request (NP (NP a reassessment) (PP of (NP the (ADJP environmentally unsound) Central Utah Project))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Utah) (VP is not (ADVP-TMP yet) (NP-PRD (NP a haven) (PP for (NP environmentalism)))))) , (NP-SBJ (NP public views) (PP toward (NP the environment))) (VP have (VP (ADVP-MNR significantly) improved)) .)) (TOP (S (PP-LOC In (NP (NP one) (PP of (NP (NP the (ADJP most conservative) , Republican states) (PP-LOC in (NP the entire nation)))))) , (NP-SBJ (NP the greening) (PP of (NP (NP Robert Redford 's) neighbors))) (VP is (NP-PRD (NP the real story) (SBAR (WHNP-1 that) (S (NP-SBJ Mr. Tomsho) (VP missed (NP *T*-1)))))) .)) (TOP (NP (NP (NP Sammye Meadows) (NP Sam Rushforth) (NP Gary Bryner)) (NP-LOC (NP Heber City) , (NP Utah)))) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 Mr. Redford) (VP wanted (S (NP-SBJ-1 *-2) (VP to (VP be (VP accepted (NP *-1) (PP by (NP-LGS (NP the people) (PP of (NP Utah))))))))))) , (NP-SBJ-3 he) (VP should (VP have (VP taken (NP an advisory role) (PP instead of (NP (NP one) (PP of (S-NOM (NP-SBJ *-3) (VP forcing (NP his personal preferences))))))))) .)) (TOP (S (ADVP Furthermore) , (NP-SBJ his actions) (VP imply (SBAR that (S (S (NP-SBJ it) (VP is (ADJP-PRD too damaging or costly (SBAR for (S (NP-SBJ society) (VP (VP to (VP provide (NP jobs) (PP-MNR through (NP (NP power-plant construction) , (NP coal mining))))) or (VP to (VP build (NP roads) (PP for (NP public safety)))))))) (PP-PRP because of (NP (NP the adverse impact) (PP-LOC on (NP the environment)))))) , but (S (NP-SBJ it) (VP is (ADJP-PRD just fine and dandy) (SBAR for (S (NP-SBJ him) (VP to (VP transform (NP (NP a mountain) (ADVP-LOC high (PP in (NP the Wasatch Range)))) (PP-CLR into (NP a ski resort))))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP astounds (NP me) (SBAR-1 0 (S (NP-SBJ he) (VP can (VP rationalize (NP (NP his (ADJP self-righteous and greedy) actions) (PP-LOC in (NP Utah)))))))) .)) (TOP (S (NP-TPC-1 An excellent environmental actor) (NP-SBJ he) (VP is (NP-PRD *T*-1)) .)) (TOP (NP (NP (NP David Vranian) (NP M.B.A. Student)) (NP-LOC (NP (NP University) (PP of (NP Colorado))) (NP-LOC (NP Boulder) , (NP Colo))) .)) (TOP (S (NP-SBJ-1 Mr. Redford) (PRN , (S (NP-SBJ *) (VP like (NP it) or not)) ,) (VP is (UCP-PRD (PP like (NP (NP a braking system) (PP-LOC on (NP a runaway truck)))) , (S-ADV (ADVP kind of) (NP-SBJ *-1) (VP slowing (NP it) (PRT down) (PP into (NP control)))))) .)) (TOP (S (NP-SBJ He) (VP (VP 's (ADJP-PRD rich , famous and intelligent)) , and (VP has (NP (NP the time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP do (NP (NP something) (SBAR (WHNP-1 that) (S (NP-SBJ not even the federal government) (VP will (VP do (NP *T*-1)))))) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (NP-SBJ Mr. Redford) (VP is (VP slowing (PRT down) (NP (NP a mindless , speeding maniac) (VP known (NP *) (PP-CLR as (NP (NP the progress) (PP of (NP mankind)))))))) .)) (TOP (S (ADVP Personally) , (NP-SBJ I) (VP 'm (ADJP-PRD glad (SBAR 0 (S (NP-SBJ there) (VP are (NP-PRD (NP people) (PP like (NP him)) (ADVP-LOC around) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP slow (PRT down) (NP (NP the profit takers) , and (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (PP-PRD in (NP (NP such a blind hurry) (PP for (NP (NP something) (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP may (VP appear (S (NP-SBJ *-4) (VP to (VP benefit (NP them) (PP-TMP in (NP the immediate future))))))))))))) , (S-ADV not (NP-SBJ *) (VP caring (PP-CLR about (NP the long-range implications))))))))))))))))))) .)) (TOP (NP Ron Dyer)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ President Bush) (VP travels (PP-DIR to (NP Costa Rica)) (NP-TMP today) (ADVP-TMP *T*-2)))) , (NP-SBJ he) (VP 'll (VP go (PP-MNR with (NP (NP little) (PP of (NP (NP the fanfare) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP accompanies (NP (NP many) (PP of (NP his foreign travels)))))))))))) .)) (TOP (S But (NP-SBJ-1 the two-day trip) (ADVP-TMP still) (VP has (VP managed (S (NP-SBJ *-1) (VP to (VP fuel (NP (NP controversy) (PP over (NP (NP (NP his administration 's) policies) (PP-LOC in (NP Central America)))))))))) .)) (TOP (S (NP-SBJ Some conservatives) (VP say (SBAR 0 (S (NP-SBJ Mr. Bush) (VP should n't (VP make (NP (NP the trip) , (SBAR (WHPP-1 during (WHNP which)) (S (NP-SBJ he) (VP will (VP participate (PP-CLR in (NP (NP (NP Costa Rica 's) celebration) (PP of (NP (NP 100 years) (PP of (NP democracy)))))) (PP-TMP *T*-1))))))))))) .)) (TOP (S (NP-SBJ These critics) (VP object (PP-CLR to (NP (NP (NP Mr. Bush 's) participation) (PP in (NP (NP a meeting) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (NP Nicaraguan President Daniel Ortega) (PP-CLR among (NP the guests)))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ they) (VP argue (SBAR 0 (S (NP-SBJ he) (VP wo n't (VP help (NP (NP (NP Washington 's) standing) (PP-LOC in (NP the region))) (PP-MNR by (S-NOM (NP-SBJ *) (VP trumpeting (NP (NP the U.S. commitment) (PP to (NP democracy))) (SBAR-TMP (NP-ADV (NP less) (PP than (NP a month))) after (S (NP-SBJ his administration) (VP played (NP an ineffectual role) (PP-CLR in (NP (NP the failed coup attempt) (PP-LOC in (NP Panama))))))))))))))) .)) (TOP (SINV (S-TPC-2 `` (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ it) (VP will (VP do (NP (NP more damage) (PP than (NP good))) (SBAR-PRP because (S (NP-SBJ it) (VP will (VP legitimize (NP (NP people) (PP like (NP Daniel Ortega)))))))))))) , '') (VP says (S *T*-2)) (NP-SBJ (NP Curtin Windsor) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP served (PP-CLR as (NP (NP U.S. ambassador) (PP-DIR to (NP Costa Rica)))) (PP-TMP during (NP the Reagan administration)))))) .)) (TOP (S (NP-SBJ Mr. Windsor) , (PP-LOC among (NP (NP other analysts) (VP connected (NP *) (PP-CLR to (NP the conservative Heritage Foundation))))) , (VP fears (SBAR 0 (S (NP-SBJ (NP the gathering) (PP of (NP (NP 18 leaders) , (PP (ADVP mostly) from (NP (ADJP Central American) nations)) ,))) (VP will (VP force (S (NP-SBJ Mr. Bush) `` (VP to (VP explain and redeem (NP himself)) '' (PP-LOC in (NP (NP the wake) (PP of (NP charges (SBAR that (S (NP-SBJ-1 the U.S.) (VP failed (S (NP-SBJ-2 *-1) (VP to (VP do (NP enough) (S (NP-SBJ *-2) (VP to (VP aid (NP (NP the removal) (PP of (NP Panamanian dictator Manuel Noriega))))))))))))))))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ (ADJP liberal and moderate) Democrats) (VP note (NP (NP the irony) (PP of (S-NOM (NP-SBJ Mr. Bush 's) (VP joining (NP (NP a celebration) (PP of (NP (ADJP Costa Rican) democracy))) (PP-TMP at (NP (NP a time) (SBAR (WHADVP-1 0) (S (NP-SBJ his administration) (VP has (VP sought (NP (NP sharp cuts) (PP-LOC in (NP (NP U.S. aid) (PP-DIR to (NP the tiny country))))) (ADVP-TMP *T*-1)))))))))))) .)) (TOP (S (NP-SBJ The administration) (VP proposed (NP (NP (QP only $ 57 million) *U*) (PP in (NP so-called economic support funds)) (PP for (NP Costa Rica))) (NP-TMP this year) , (ADVP down (PP from (NP (NP the (QP $ 90 million) *U*) (SBAR (WHNP-1 0) (S (NP-SBJ the U.S.) (VP provided (NP *T*-1) (NP-TMP last year)))))))) .)) (TOP (S (NP-SBJ The administration) (VP said (SBAR 0 (S (NP-SBJ (NP improvements) (PP-LOC in (NP (NP Costa Rica 's) economic condition))) (VP warrant (NP (NP the cut) (PP-LOC in (NP aid)) , (SBAR (WHNP-1 which) (S (NP-SBJ the country) (VP uses (NP-2 *T*-1) (ADVP mainly) (S-CLR (NP-SBJ *-2) (VP to (VP make (NP payments) (PP-CLR on (NP its (ADJP (QP $ 4.5 billion) *U*) foreign debt))))))))))))) .)) (TOP (S But (NP-SBJ (ADJP Costa Rican) officials) (VP argue (SBAR that (S (NP-SBJ (NP the recent drop) (PP-LOC in (NP coffee prices)) , (VP combined (NP *) (PP-CLR with (NP (NP the country 's) continuing struggle (S (NP-SBJ *) (VP to (VP reinvigorate (NP its economy))))))) ,) (VP make (S (NP-SBJ the support) (ADJP-PRD (ADJP as necessary) (PP as ever))))))) .)) (TOP (SINV (S-TPC-2 `` (S (NP-SBJ We) (VP are (VP crossing (NP the river)))) and (S (NP-SBJ-1 we) (VP need (NP a (ADJP little more) help) (S-PRP (NP-SBJ *-1) (VP to (VP get (PP-DIR to (NP the other side))))))) , '') (VP said (S *T*-2)) (NP-SBJ (NP Rodrigo Sotela) , (NP (NP an economic affairs specialist) (PP-LOC at (NP (NP the (ADJP Costa Rican) Embassy) (PP-LOC in (NP Washington)))))) .)) (TOP (S (NP-SBJ Democrats) (VP argue (SBAR that (S (NP-SBJ Costa Rica) (VP deserves (NP more assistance) (UCP-PRP (PP for (NP (NP the same reason (SBAR that (S (NP-SBJ Mr. Bush) (VP is (VP attending (NP the celebration) (NP-TMP this weekend)))))))) : (S (NP-SBJ *) (VP to (VP reward (NP the country) (PP-CLR (PP for (NP (NP its stability) (PP-LOC in (NP (NP a region) (VP wracked (NP *) (PP-CLR with (NP turmoil))))))) and (PP for (NP its efforts (S (NP-SBJ *) (VP to (VP promote (NP peace) (PP-LOC in (NP Nicaragua)))))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP peace efforts) (PP by (NP (ADJP Costa Rican) President Oscar Arias))) (VP have n't (ADVP-TMP always) (VP helped (NP (NP (NP the country 's) cause) (PP-LOC in (NP Washington))))) .)) (TOP (S (NP-SBJ (NP Mr. Arias 's) long-time refusal (S (NP-SBJ *) (VP to (VP support (NP (NP (NP the U.S. 's) campaign) (PP against (NP leftist Nicaragua))))))) (VP earned (NP him) (NP (NP the ire) (PP of (NP the Reagan White House)))) .)) (TOP (S And (ADVP-TMP more recently) , (NP-SBJ he) (VP insisted (PP-CLR on (S-NOM (NP-SBJ *) (VP signing (NP (NP a five-nation agreement) (VP intended (S (NP-SBJ *) (VP to (VP disarm (NP (NP Nicaragua 's) U.S.-backed Contra rebels) (ADVP-MNR (ADVP faster) (SBAR than (S (NP-SBJ the Bush administration) (VP would (VP prefer (S *?*))))))))))))))) .)) (TOP (SINV (S-TPC-2 `` (NP-SBJ I) (VP think (SBAR 0 (S (S-NOM-SBJ (NP-SBJ Bush 's) (VP going (ADVP-DIR there))) (VP is (NP-PRD a helpful sign))))) , '') (VP said (S *T*-2)) (NP-SBJ (NP Sen. Terry Sanford) (PRN -LRB- (NP (NP D.) , (NP-LOC N.C .)) -RRB-) (NP (NP a member) (PP of (NP the Foreign Relations Committee)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP pushed (S (NP-SBJ *) (VP to (VP provide (NP Costa Rica) (NP (NP about the same amount) (PP of (NP aid)) (SBAR as (S (NP-SBJ it) (VP received (NP *) (NP-TMP last year))))))))))))) .)) (TOP (S (NP-SBJ (NP Lawmakers) (PP-LOC in (NP both houses))) (VP support (NP the higher level)) .)) (TOP (S (NP-SBJ Administration officials) (VP defend (NP (NP Mr. Bush 's) decision (S (NP-SBJ *) (VP to (VP make (NP the trip)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ they) (VP acknowledge (SBAR 0 (S (NP-SBJ the president) (VP will (VP attend (NP (NP (NP several meals) and (NP a working session)) (VP (ADVP also) attended (NP *) (PP by (NP-LGS Mr. Ortega))))))))))) , (NP-SBJ they) (VP insist (SBAR that (S (NP-SBJ Mr. Bush) (VP wo n't (VP be (VP extending (NP the Nicaraguan leader) (NP any special courtesies))))))) .)) (TOP (S (NP-SBJ-2 The administration) (ADVP also) (VP made (S (ADJP-PRD clear) (NP-SBJ (NP its continuing distate) (PP for (NP the leftist Nicaraguan government)))) (PP-TMP in (NP recent days)) , (S-MNR (NP-SBJ-1 *-2) (VP (VP endorsing (NP (NP a package) (PP of (NP (NP electoral aid) (PP to (NP the Nicaraguan opposition)))))) , (VP renewing (NP (NP the U.S. trade embargo) (PP against (NP the country)))) and (VP continuing (S (NP-SBJ *-1) (VP to (VP complain (SBAR that (S (NP-SBJ the country) (VP supports (NP (NP rebel groups) (PP-LOC in (NP the region))))))))))))) .)) (TOP (S (NP-SBJ Officials) (ADVP also) (VP insist (SBAR 0 (S (NP-SBJ Mr. Bush) (VP will (VP use (NP-1 the trip) (S-CLR (NP-SBJ *-1) (VP to (VP highlight (NP (NP his own initiatives) (PP for (S-NOM (NP-SBJ *) (VP (VP pushing (NP democracy) (PP-LOC in (NP the region))) , (VP fighting (NP illegal drugs)) and (VP assisting (NP the (ADJP less developed) countries)))))))))))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ *) (VP Let (S (NP-SBJ me) (VP say (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP a symbolic component) (PP to (NP this trip))))))))) , '') (NP-SBJ (NAC Secretary (PP of (NP State))) James Baker) (VP told (NP reporters) (S *T*-1) (NP-TMP Wednesday)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP wo n't (VP be (NP-PRD any formal resolutions or communiques)))) , (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S *T*-1)))) .)) (TOP (S But (NP-SBJ we) (ADVP-TMP still) (VP see (NP this) (PP-CLR as (NP an opportunity (S (NP-SBJ *) (VP to (VP discuss (NP many , many (ADJP very important) issues))))))) .)) (TOP (S (PP-TMP In (NP 1987)) , (NP-SBJ (NP the Presidents Commission) (PP of (NP the NCAA)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP oversees (NP most U.S. intercollegiate sports)))) ,) (VP contracted (PP-CLR with (NP-3 (NP the Washington-based American Institutes) (PP for (NP Research)))) (S-CLR (NP-SBJ *-3) (VP to (VP do (NP (NP a survey) (PP on (NP (NP the college experiences) (PP of (SBAR-NOM (WHNP-4 what) (S (NP-SBJ-2 the body) (VP chooses (S (NP-SBJ *-2) (VP to (VP call (S (NP-SBJ *T*-4) (NP-PRD student-athletes)))))))))))))))) .)) (TOP (S (NP-SBJ-1 A brief `` executive summary '') (VP (VP was (VP issued (NP *-1) (NP-TMP last April))) , and (VP attracted (NP some (PRN , but (ADJP not much) ,) attention))) .)) (TOP (S (NP-SBJ More-detailed reports) (VP (VP followed) , and (VP attracted (NP (ADJP even less) notice))) .)) (TOP (S (NP-SBJ I) (VP suspect (SBAR 0 (S (NP-SBJ I) (VP may (VP be (NP-PRD (NP one) (PP of (NP (NP the few people) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP have (VP read (NP them all)))))))))))))) .)) (TOP (S (S (NP-SBJ The sixth and last report) (ADVP-TMP now) (VP is (ADVP-PRD out))) , and (S (NP-SBJ it) (VP puts (NP the effort) (PP-PUT in (NP perspective)))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-3) (VP Titled (S (NP-SBJ *-2) `` (NP-PRD-TTL (NP Comments) (PP From (NP Students))) , ''))) (NP-SBJ-3 it) (VP focuses (PP-CLR on (NP (NP (NP the real shame) (PP of (NP college sports))) : (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happens (PP-CLR to (NP young athletes)) (SBAR-TMP once (S (NP-SBJ they) (VP enter (NP academe)))))))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP little less) (PP than (NP (NP a cry) (PP for (NP help)) (PP from (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP make (S (NP-SBJ the costly show) (ADJP-PRD possible))))))))))) .)) (TOP (S (NP-SBJ The previous five reports) (VP were (ADJP-PRD (ADJP mainly statistical) , but (ADJP clear enough (PP in (NP outline))))) .)) (TOP (S (NP-SBJ They) (VP showed (SBAR that (S (S (NP-SBJ (NP participants) (PP-LOC in (NP (NP (NP Division I football) and (NP (NP men 's) basketball)) , (NP the big-time `` revenue sports) , ''))) (VP entered (NP school) (PP-MNR with (NP (NP poorer (NX (NX high-school grades) and (NX test scores))) (PP than (NP (NP `` minor-sport '' jocks) and (NP (NP students) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP participated (PP-CLR in (NP other extracurricular activities)))))))))))) , and (S (NP-SBJ they) (VP got (NP lower grades) (SBAR-TMP once (S (NP-SBJ they) (VP got (ADVP-DIR there)))) , (PP-PRP (ADVP (ADVP at least) partly) because of (NP (NP the athletic demands) (VP placed (NP *) (PP-LOC-CLR on (NP them)))))))))) .)) (TOP (S (NP-SBJ The football and basketball players) (VP spent (NP (NP (NP more time) (PP on (NP their sports)) (PP-TMP in (NP season)) (SBAR than (S (NP-SBJ they) (VP did (PP on (NP (NP (NP class attendance) and (NP homework)) (VP combined (NP *)))))))) (PRN -LRB- (NP (NP (NP 30 hours) (NP-TMP a week)) (PP versus (NP 25.3))) -RRB-))) .)) (TOP (S (S (NP-SBJ-1 (NP Almost half) (PRN -LRB- (NP 49.8 %) -RRB-)) (VP reported (S (NP-SBJ *-1) (VP suffering (NP (NP `` mental abuse '') (PP from (NP coaches))))))) , and (S (NP-SBJ (NP almost one-quarter) (PRN -LRB- (NP 24.8 %) -RRB-)) (VP said (SBAR 0 (S (NP-SBJ-2 they) (VP had (VP been (VP pressured (S (NP-SBJ *-2) (VP to (VP ignore (NP injuries))))))))))) .)) (TOP (S But (NP-SBJ even those numbers) (VP do n't (VP describe (NP the situation) (ADVP (ADVP as well) (SBAR as (S (NP-SBJ the athletes) (VP do (VP *?* (PP in (NP their own words))))))))) .)) (TOP (S (NP-SBJ (NP The composite portrait) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP emerges)))) (VP is n't (PP-PRD of (NP (NP a pampered jock) (VP marking (NP time) (SBAR-TMP until (S (NP-SBJ he) (VP can (VP land (NP a seven-figure pro contract)))))) (PRN -- (S (NP-SBJ he) (VP 's (NP-PRD (NP part) (PP of (NP a tiny minority))))))))) .)) (TOP (S (ADVP Rather) , (NP-SBJ it) (VP 's (PP-PRD of (NP (NP a kid) (PRN -LRB- (S (NP-SBJ we) (VP 're (VP talking (PP-CLR about (NP (ADJP (QP 17 to 22) year) olds)) (ADVP here)))) -RRB-) (VP having (NP a tough time) (S (NP-SBJ *) (VP making (S (NP-SBJ the best) (PP-PRD of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP will (ADVP probably) (VP be (NP-PRD (NP his one shot) (PP at (NP college))))))))))))))) .)) (TOP (S (NP-SBJ (NP The pertinent question) , (VP coming (PP-TMP at (NP (NP the end) (PP of (NP a lengthy , confidential questionnaire))))) ,) (VP was (NP-PRD (NP this) : `` (SQ (VP Are) (NP-SBJ there) (NP-PRD (NP things) (PP about (NP your college life)) (SBAR (WHNP-2 0) (S (NP-SBJ-1 you) (VP would (VP like (S (NP-SBJ *-1) (VP to (VP tell (NP us) (NP (NP *T*-2) (SBAR (WHNP-3 that) (S (NP-SBJ we) (VP did n't (VP ask (PP about (NP *T*-3)))))))))))))))) ? '')))) (TOP (S (S (NP-SBJ *-2) (PP-PRD Of (NP (NP the (QP almost 3,000) athletes) (VP surveyed (NP *))))) , (NP-SBJ-2 1,240) (VP took (NP (NP the time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP respond (ADVP-TMP *T*-1))))))) .)) (TOP (S (S (NP-SBJ Here) (VP are (NP-PRD (NP a few) (PP of (NP their answers))))) : -- (S (S `` (NP-SBJ They) (VP say (SBAR that (S (NP-SBJ I) (VP am (NP-PRD a student-athlete)))))) , but (S (ADVP really) (NP-SBJ I) (VP 'm (NP-PRD an athlete-student)))) .)) (TOP (S (NP-SBJ They) (VP lied (PP-DTV to (NP me)) (PP-LOC on (NP the recruiting trip))) .)) (TOP (S (NP-SBJ Football) (VP is (NP-PRD (NP the No. 1 thing) (ADVP-LOC here))) '' .)) (TOP (NP -- Junior football player .)) (TOP (S -- `` (S-NOM-SBJ (NP-SBJ *) (VP Being (NP-PRD a student-athlete) (PP-LOC at (NP college)))) (VP is (ADJP-PRD (NP a lot) different (PP from (NP high school)))) .)) (TOP (S (ADVP First) , (S (NP-SBJ (NP the sport) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP play (NP *T*-1))))) (VP is (ADVP no longer) (NP-PRD a game))) -- (S (NP-SBJ it) (VP becomes (NP-PRD a job))) .)) (TOP (S (NP-SBJ Your coaches) (VP demand (NP a lot more) (PP-CLR out (PP of (NP you))) (SBAR-ADV even though (S (NP-SBJ-1 (NP some) (PP of (NP them))) (VP are not (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP take (NP (NP the time) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP watch (NP you) (VP progress (NP-TMP *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ You) (VP become (ADJP-PRD expendable)) .)) (TOP (S (NP-SBJ Your interest) (VP is not (VP taken (PP-CLR to (NP heart)) (SBAR-PRP because (S (NP-SBJ people) (ADVP only) (VP care (PP-CLR about (NP your performance))))))) '' .)) (TOP (NP -- Freshman basketball player .)) (TOP (S -- `` (NP-SBJ The coaches) (VP should (VP (VP have (NP a more (ADJP personal and sympathetic) attitude) (PP toward (NP the athletes))) -- (VP not treat (NP us) (PP-CLR like (NP (NP pieces) (PP of (NP meat))))))) .)) (TOP (S (S (NP-SBJ They) (ADVP-TMP always) (VP say (SBAR 0 (S (NP-SBJ *) (VP to (VP get (NP a degree) (ADVP-TMP first))))))) , but (S (NP-SBJ they) (VP do n't (VP allow (NP us) (UCP (NP time) or (S (NP-SBJ-1 *) (VP to (VP skip (NP practice) (S-PRP (NP-SBJ *-1) (VP to (VP study (PP-CLR for (NP a test)))))))))))) .)) (TOP (S (NP-SBJ-1 They) (ADVP just) (VP want (S (NP-SBJ *-1) (VP to (VP get (S (NP-SBJ their job) (VP done)) (PP-MNR at (NP (NP any cost) (PP to (NP the athlete)))))))) '' .)) (TOP (NP -- Freshman football player .)) (TOP (S -- `` (NP-SBJ (NP The pressure (S *ICH*-1)) (VP put (NP *) (PP-PUT on (NP us)) (S-1 (NP-SBJ *) (VP to (VP win (PP-TMP at (NP all times))))))) (VP has (VP resulted (PP-CLR in (NP (NP physical violence) , (PP such as (NP (NP punching and slapping) (PP by (NP coaches)))))))) .)) (TOP (S (NP-TMP Some days) (NP-SBJ the coaches) (VP make (S (NP-SBJ you) (VP feel (SBAR-CLR as though (S (NP-SBJ you) (VP are (NP-PRD (NP part) (PP of (NP (NP a large herd) (PP of (NP animals))))))))))) .)) (TOP (S (PP In (NP other words)) , (NP-SBJ they) (VP treat (NP you) (PP-CLR like (NP (NP a piece) (PP of (NP meat))))) '' .)) (TOP (NP -- Sophomore football player .)) (TOP (S -- `` (S-NOM-SBJ (NP-SBJ *) (VP Playing (NP intercollegiate sports))) (VP does n't (VP give (NP you) (NP (NP a lot) (PP of (NP (NP time) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP spend (NP *T*-1) (PP-CLR with (NP others))))))))))) .)) (TOP (S (NP-SBJ We) (VP are (ADVP almost) (VP left (PRT out) (PP of (NP (PRN -LCB- (NP campus) -RCB-) social activities)))) .)) (TOP (S (NP-SBJ This) (ADVP mostly) (VP happens (SBAR-PRP because (S (NP-SBJ we) (VP go (PP-DIR from (NP football)) (PP-TMP in (NP the fall)) (PP-DIR to (NP lifting)) (PP-TMP in (NP the winter)) (PP-DIR to (NP football)) (ADVP-TMP again) (PP-TMP in (NP the spring)))))) '' .)) (TOP (NP -- Freshman football player .)) (TOP (S -- `` (NP-SBJ You) (VP talk (PP-CLR about (NP (NP free time) -- (NP .what free time)))) ?)) (TOP (S (NP-SBJ-2 (NP Time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP (VP relax) and (VP enjoy (NP ourselves)) (ADVP-TMP *T*-1)))))) (VP is (ADVP always) (VP taken (NP *-2) (PRT up) (PP by (NP-LGS (NP (NP something) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP do (PP-CLR with (NP football))))))) (PRN -LRB- (NP (NP meetings) , (S-NOM (NP-SBJ *) (VP lifting (NP weights))) , (NP conditioning) or (NP films)) -RRB-))))) .)) (TOP (S (S (NP-SBJ There) (VP is (NP-PRD no recovery period))) -- (S (NP-SBJ it) (VP 's (S-PRD (NP-SBJ *) (VP go , go , go)))) .)) (TOP (S (NP-SBJ (NP ABUSE) (PP to (NP our bodies))) (VP is (ADJP-PRD overwhelming)) .)) (TOP (S (PP With (NP our schedule)) , (NP-SBJ it) (VP 's (ADJP-PRD hard (S (NP-SBJ-2 *) (VP to (VP sleep (ADVP-MNR well) (S-ADV (NP-SBJ *-2) (VP knowing (SBAR (WHNP-1 what) (S (NP-SBJ-3 *T*-1) (VP is (VP going (S (NP-SBJ *-3) (VP to (VP happen (NP-TMP the next day))))))))))))))) '' .)) (TOP (NP -- Junior football player .)) (TOP (S -- `` (NP-SBJ (NP Physical exhaustion) and (NP depression)) (VP are (ADJP-PRD common) (PP-LOC (PP in (NP my life)) and (PP in (NP (NP some) (PP of (NP (NP my teammates ') lives)))))) '' .)) (TOP (NP -- (NP Football player) , (NP class unspecified) .)) (TOP (S -- `` (ADVP More often (PP than not)) , (NP-SBJ-1 college athletes) (VP go (PP-CLR through (NP college)) (S-MNR (NP-SBJ *-1) (ADVP-TMP never) (VP (ADVP really) experiencing (NP collegiate life) (PP to (NP the fullest))))) .)) (TOP (S (NP-SBJ-1 One) (VP has (S (NP-SBJ *-1) (VP to (VP (VP establish (NP (NP one 's) own identity) (PP-LOC away (PP from (NP athletics)))) and (VP make (S (NP-SBJ athletics) (NP-PRD (NP only a part) , not (NP a whole) , (PP of (NP (NP the student-athlete 's) life))))))))) '' .)) (TOP (NP -- Sophomore basketball player .)) (TOP (S -- `` (ADVP Somehow) (PRN , (S and (NP-SBJ I) (VP do n't (VP know (ADVP-MNR how)))) ,) (NP-SBJ-2 the game) (VP needs (S (NP-SBJ-1 *-2) (VP to (VP be (VP played (NP *-1) (PP (PP for (NP fun)) (ADVP-TMP again) , and not (PP for (NP (NP the big bowl revenues) or (NP lucrative TV contracts))))))))) '' .)) (TOP (NP -- Graduate-student football player .)) (TOP (S (NP-SBJ There) (VP have (VP been (NP-PRD rumblings (SBAR that (S , (ADVP-TMP at long last) , (NP-SBJ changes) (VP may (VP be (PP-PRD in (NP the works))))))))) .)) (TOP (S (S (NP-SBJ (NP The Knight Foundation) , (PP-LOC of (NP (NP Akron) , (NP Ohio))) ,) (VP has (VP established (NP (NP a national commission) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP look (PP-CLR into (NP college-sports reform)))))))))) , and (S (NP-SBJ the NCAA Presidents Commission) (NP-TMP earlier this month) (VP recommended (S (NP-SBJ *) (VP (VP cutting (NP spring football practice) (PP-CLR in (NP half))) , (VP moving (NP (NP the start) (PP of (NP basketball practice))) (ADVP-CLR back (PP by (NP a month)))) and (VP reducing (NP (NP maximum schedules) (PP-LOC in (NP that sport))) (PP-CLR to (NP 25 games)) (PP-CLR from (NP 28))))))) .)) (TOP (S (NP-SBJ (NP The key word) (PP-LOC in (NP that paragraph))) , (ADVP though) , (VP is `` (NP-PRD may)) . '')) (TOP (S (S (NP-SBJ NCAA Executive Director Richard Schultz) , (PP in (S-NOM (NP-SBJ *) (VP accepting (NP (NP a place) (PP-LOC on (NP the Knight Commission)))))) , (VP (VP (VP urged (SBAR that (S (NP-SBJ the panel) (VP take (NP a `` balanced '' view))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP looks (PP-CLR for (NP all the world)) (PP-CLR like (NP (NP a plea) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP not to (VP rock (NP the boat) (ADVP too much))))))))))))) , and (S (NP-SBJ (NP the presidents ') recommendations) (VP could (VP face (NP considerable opposition) (PP-LOC at (NP (NP (NP the NCAA 's) full convention) (PP-TMP in (NP January)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP will (VP vote (PP-CLR on (NP them))))))))))) .)) (TOP (S (NP-SBJ I) (VP read (SBAR that (S (NP-SBJ one unnamed athletics director) (VP predicted (SBAR that (S (NP-SBJ the basketball-cutback proposal) (VP could (VP fail (PP-PRP because of (NP (ADJP `` real world '') (PRN -LRB- i.e. , (ADJP economic) -RRB-) considerations)))))))))) .)) (TOP (S But (NP-SBJ the `` real world '') (ADVP also) (VP includes (NP the unpleasant truth (SBAR that (S (NP-SBJ colleges) (VP are (VP cheating (NP (NP the athletes) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP have (VP wooed and won (NP *T*-1)))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ they) (VP wo n't (VP change (NP their ways) (ADVP-MNR voluntarily))))) , (ADVP maybe) (NP-SBJ (NP (NP somebody) (ADJP bigger)) (PRN -- (NP Congress) --)) (VP should (VP make (S (NP-SBJ them) (VP *?*)))) .)) (TOP (S (NP-SBJ They) (VP want (NP (NP late-night shuttles) (PP to (NP the biology labs)))) .)) (TOP (S (NP-SBJ They) (VP want (NP a 24-hour library)) .)) (TOP (S And (PP like (NP college radicals everywhere)) , (NP-SBJ they) (VP are (VP talking (PP-CLR about (NP (NP a demonstration) -- (SBAR (WHADVP-1 where) (S (NP-SBJ protesters) (VP would (VP (VP gather (ADVP-MNR quietly) (PP-LOC near (NP the science building))) and (VP raise (NP their hands) , (NP-MNR classroom style)) (ADVP-LOC *T*-1))))))))) .)) (TOP (S (NP-SBJ Such) (VP is (NP-PRD (NP the fiber) (PP of (NP the wool)) (SBAR (WHNP-1 that) (S (NP-SBJ woolly intellectuals) (VP let (VP fly (NP *T*-1) (PP-LOC at (NP (NP gatherings) (PP of (NP (NP Harvard University 's) (NP (NP (NP new Society) (PP of (NP Nerds and Geeks))) , or (NP SONG)))))))))))) .)) (TOP (S (S (NP-SBJ SONGsters) (VP are (ADJP-PRD (ADJP mad) (PP as (NP heck)) (PP about (NP campus anti-intellectualism))))) and (S (NP-SBJ-1 they) (VP are n't (VP going (S (NP-SBJ-2 *-1) (VP to (VP take (NP it) (ADVP anymore) , (PP (ADVP at least) not without (S-NOM (NP-SBJ *-2) (VP trying (NP a few (ADJP really neat) ideas) (ADVP-TMP first)))))))))) .)) (TOP (S (S-TPC-1 `` (S (NP-SBJ We) (VP could (VP have (VP called (S (NP-SBJ ourselves) (NP-PRD the Academic Intellectual Society)))))) , but (S (ADVP then) (NP-SBJ everyone) (VP would (VP have (VP said , (S ` (INTJ Oh) , (NP-SBJ you) (VP mean (NP the nerd-and-geek club)) , '))))) '') (NP-SBJ (NP Leonid Fridman) , (NP (NP SONG 's) graduate-student adviser) ,) (VP told (NP (NP 19 attendees) (PP-LOC at (NP (NP the club 's) inaugural meeting))) (S *T*-1) (NP-TMP earlier this month)) .)) (TOP (S (NP-SBJ Membership) (VP has (ADVP-TMP since) (VP swelled (PP-CLR to (NP (QP between 20 and 25))))) .)) (TOP (S (NP-SBJ Some people) (VP may (VP think (PP-CLR of (NP nerds)) (PP-CLR as (NP (NP calculator-toting , socially awkward individuals) (PP with (NP (NP (NP shirt-pocket liners) (PP for (NP their pencils))) and (NP (NP a preoccupation) (PP with (NP (NP computers) and (NP (NP matters) (NP numerical))))))))))) .)) (TOP (S (NP-SBJ Geeks) , (PP by (NP (QP at least one) definition)) , (VP are (NP-PRD chicken-mutilating circus freaks)) .)) (TOP (S But (NP-SBJ (NP SONG founder Jeremy Kahn) , (NP a Harvard junior) ,) (VP thinks (PP-CLR of (NP nerds and geeks)) (PP-CLR (ADVP more) as (NP (NP `` nonconformists , '') (PP (ADVP albeit) with (NP a studious bent))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the group 's) first projects))) (VP is (NP-PRD (NP a `` procrastination hot line '') (SBAR (WHNP-1 that) (S (NP-SBJ students) (VP could (VP call (NP *T*-1) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ they) (VP have (NP an urge (S (NP-SBJ-2 *) (VP to (VP delay (S (NP-SBJ *-2) (VP studying)))))) (ADVP-TMP *T*-3)))))))))) .)) (TOP (S (NP-SBJ-1 The club) (VP plans (S (NP-SBJ *-1) (VP to (VP show (NP (NP nerdy movies) , (PP such as (NP (NP `` (NP-TTL Real Genius) , '' (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ physics whizzes) (VP pop (NP corn) (PP-MNR with (NP lasers)) (PP-LOC *T*-2))))) ; and (ADVP naturally) , (NP (NP-TTL (NP the `` Revenge) (PP of (NP the Nerds)) , '') (NP (NP a tale) (PP of (NP (NP college males) (PP with (NP (NP runny noses) and (NP ill-fitting pants)))))))))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP its `` more ambitious goals ''))) (VP is (S-PRD (NP-SBJ *) (VP to (VP get (S (NP-SBJ (NP Jaime Escalante) , (NP (NP the Los Angeles high-school mathematics teacher) (VP featured (NP *) (PP-CLR in (NP (NP the film) `` (S-TTL (NP-SBJ *) (VP Stand and Deliver)) , ''))))) (VP to (VP come (PP-DIR to (NP Harvard)) (PP for (NP a guest lecture))))))))) .)) (TOP (S (NP-SBJ Nerds and geeks) (ADVP-TMP sometimes) (VP find (S (NP-SBJ themselves) (ADJP-PRD (NP a bit) isolated)) (PP-LOC at (NP Harvard))) .)) (TOP (S (ADVP So) (NP-SBJ Mr. Kahn) (VP says (SBAR 0 (S (NP-SBJ-1 high priority) (VP is (VP being (VP given (NP *-1) (PP-CLR to (S-NOM (NP-SBJ *) (VP creating (NP (NP a computerized matchmaking service) `` (SBAR (WHADVP where) (S (PP instead of (S-NOM (NP-SBJ-2 *) (VP being (VP matched (NP *-2) (PP-CLR for (NP eye color)))))) , (NP-SBJ-3 you) (VP could (VP be (VP matched (NP *-3) (PP-CLR for (NP similar intellectual interests))))))))))))))))) . '')) (TOP (PP For (NP instance) ?)) (TOP (S `` (S (NP-SBJ I) (VP 'm (NP-PRD a math major))) , but (S (NP-SBJ-1 I) (VP want (S (NP-SBJ *-1) (VP to (VP know (PP-CLR about (NP psychobiology))))))) .)) (TOP (S (ADVP Hopefully) , (NP-SBJ I) (VP 'd (VP find (NP (NP someone) (PP-LOC in (NP psychobiology)) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP wanted (S (NP-SBJ *-2) (VP to (VP know (NP (NP more) (PP about (NP mathematics)))))))))))) . '')) (TOP (S (NP-SBJ It) (VP could (VP work)) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ *) (VP finding (NP (NP a volunteer) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP write (NP the computer program))))))) (VP is n't (NP-PRD a problem)) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Dime Savings Bank) (PP of (NP New York))) (VP was (VP cleared (NP *-1) (PP by (NP-LGS the Federal Deposit Insurance Corp.)) (S-CLR (NP-SBJ *-1) (VP to (VP acquire (NP (NP Starpointe Savings Bank) (PP of (NP (NP Somerset) , (NP N.J.) ,))))))))) (NP-SBJ the banks) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Starpointe holders) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP approved (NP the plan) (NP-TMP last April)))) ,) (VP will (VP receive (NP (NP (NP $ 21 *U*) (PP in (NP cash)) (NP-ADV a share)) , or (NP a (QP total $ 63 million) *U*)))) .)) (TOP (S (S (NP-SBJ The FDIC) (VP cleared (NP the move) (NP-TMP yesterday))) , and (S (NP-SBJ-1 the banks) (VP must (VP wait (NP-TMP (QP at least 30) days) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP closing (NP the purchase))))))) .)) (TOP (S (NP-SBJ-1 A closing date) (VP has n't (VP been (VP set (NP *-1)))) .)) (TOP (S (NP-SBJ AEP INDUSTRIES Inc. directors) (VP authorized (NP (NP a 3-for-2 split) (PP of (NP (NP the common) , (ADVP payable (NP-TMP Dec. 7) (PP-DIR to (NP (NP stock) (PP of (NP record)) (NP-TMP Nov. 22)))))))) .)) (TOP (SINV (S-2 (NP-SBJ-1 The split) (VP was (VP aimed (NP *-1) (PP-CLR at (S-NOM (NP-SBJ *) (VP boosting (NP (NP the stock 's) liquidity))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Brendan Barba) , (NP (NP chairman) (PP of (NP (NP the (NAC-LOC (NP Moonachie) , (NP N.J.) ,) maker) (PP of (NP plastic film products)))))) .)) (TOP (S (PP-TMP After (NP the split)) , (NP-SBJ the company) (VP will (VP have (NP (NP (QP more than 4.7 million) shares) (ADJP outstanding)))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) (NP-TMP yesterday) , (NP-SBJ AEP shares) (VP closed (PP-CLR at (NP $ 21.25 *U*)) , (ADVP down (NP 50 cents))) .)) (TOP (NP-HLN (NP CRESTMONT FEDERAL SAVINGS & LOAN ASSOCIATION) (PRN -LRB- (NP-LOC (NP Edison) , (NP N.J.)) -RRB-) --)) (TOP (S (NP-SBJ-1 (NP Lawrence B. Seidman) , (NP 41 years old) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP chairman) (PP of (NP this savings and loan institution)))))) .)) (TOP (S (NP-SBJ He) (VP will (VP succeed (NP (NP Charles L. Harrington) , (NP (NP chairman) and (NP chief executive officer)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP retired (NP-TMP last month))))))) .)) (TOP (S (NP-SBJ Crestmont) (VP is (VP conducting (NP (NP a search) (PP for (NP a chief executive))))) .)) (TOP (S (NP-SBJ (NP Mr. Seidman) , (NP (NP a director) (PP of (NP Crestmont)) (PP-TMP since (NP July))) ,) (VP is (NP-PRD (NP general partner) (PP of (NP (NP Seidman Financial Associates) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP 9.89 %) (PP of (NP Crestmont)))))))))) .)) (TOP (S (NP-SBJ-1 William J. Russo) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP senior vice president) , (NP (NP public affairs) and (NP advertising)) , (PP for (NP (NP this financial and travel services concern 's) American Express Bank Ltd. subsidiary)))))) .)) (TOP (S (NP-SBJ (NP Mr. Russo) , (ADJP (NP 38 years) old) ,) (ADVP-TMP previously) (VP was (NP-PRD (NP first vice president) , (NP (NP public affairs) and (NP advertising)) , (PP-LOC at (NP the banking unit)))) .)) (TOP (S (NP-SBJ-1 Environmental concerns) (VP are (VP beginning (S (NP-SBJ *-1) (VP to (VP have (NP (NP as much influence) (PP-LOC in (NP oil-industry spending plans)) (SBAR as (S (NP-SBJ (NP the price) (PP of (NP crude))) (VP does (VP *?*)))))))))) .)) (TOP (S (PP-LOC In (NP (NP the wake) (PP of (NP (NP the Exxon Valdez spill) (PP-TMP in (NP March)))))) , (NP-SBJ new governmental drilling bans) (VP are (VP (ADVP-MNR sharply) curtailing (NP (NP exploration) (PP-LOC in (NP (NP promising locations) (UCP-LOC (ADVP offshore) and (PP in (NP Alaska)))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ (NP moves) (PP toward (NP tighter air-quality standards))) (VP are (VP spurring (NP (NP interest) (PP-LOC in (NP (NP lighter or alternative fuels) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do n't (VP pollute (NP (NP as much) (PP as (NP (NP fuel) (VP refined (NP *) (PP-CLR from (NP (NP `` heavy '' crudes) , (ADJP generally high (PP in (NP sulfur)))))))))))))))))) .)) (TOP (S (PP-TMP Over (NP the years)) , (NP-SBJ (NP (NP the world 's) stream) (PP of (NP oil))) (VP has (VP been (VP growing (ADVP-CLR heavier)))) .)) (TOP (S (ADVP So) (NP-SBJ (NP the scramble) (PP *ICH*-1)) (VP is (ADVP-PRD on) (PP-1 (PP for (NP lighter crudes) (ADVP-LOC globally)) , and (PP for (NP natural gas) (PP-LOC in (NP the U.S))))) .)) (TOP (S (ADVP-TMP Recently) (NP-SBJ (NP (NP Saudi Arabia) and (NP Venezuela)) , (NP traditional heavy-crude producers) ,) (VP have (VP boasted (PP-CLR of (NP (NP new finds) (PP of (NP light , low-sulfur oil)) (PP by (NP their national oil companies)))))) .)) (TOP (S (NP-SBJ Venezuela) (VP has (ADVP also) (VP earmarked (NP (NP (QP $ 200 million) *U*) (PP in (NP new money))) (PP-CLR for (NP light-crude exploration)))) .)) (TOP (S And (NP-SBJ-1 some oil companies) (VP are (VP trying (S (NP-SBJ *-1) (VP to (VP lock (PRT in) (NP future supplies)))))) .)) (TOP (SINV (ADJP-PRD-2 Typical) (VP is (ADJP-PRD *T*-2)) (NP-SBJ (NP Ente Nazionale Idrocarburi) , (NP (NP Italy 's) state-owned energy company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (ADVP-TMP (NP not long) ago) acquired (PP-MNR through (NP its AGIP oil subsidiary)) (NP (NP a (ADJP 5 %) share) (PP-LOC in (NP the consortium accounting)) (PP for (NP (NP half) (PP of (NP (NP Nigeria 's) oil output))))))))) .)) (TOP (S (NP-SBJ AGIP) (ADVP-TMP already) (VP has (NP an oil stake) (PP-LOC in (NP Libya))) .)) (TOP (S (NP-SBJ Both countries) (VP produce (NP (NP high-quality , low-sulfur crudes) (VP (ADVP-MNR especially) suited (NP *) (PP-CLR to (S-NOM (NP-SBJ *) (VP making (NP high-octane motor fuel) (PP-MNR at (NP minimum refining cost)))))))) .)) (TOP (S (NP-SBJ (NP Franco Reviglio) , (NP ENI chairman) ,) (VP looks (PP-CLR for (NP (NP (NP sweeping structural change) (PP-LOC in (NP the oil industry))) (PRN -- (S (NP-SBJ he) (VP calls (S (NP-SBJ it) (NP-PRD (NP a `` revolution '') (VP requiring (NP huge investments)))))) --))) (PP-PRP as (NP (NP a result) (PP of (NP environmental issues))))) .)) (TOP (S (NP-SBJ-1 He) (VP made (NP a special trip) (S-PRP (NP-SBJ *-1) (VP to (VP examine (NP U.S. environmental trends)))) (SBAR-PRP because (S (NP-SBJ-2 they) (VP are (ADVP-TMP often) (VP followed (NP *-2) (PP-LOC in (NP Europe))))))) .)) (TOP (S (S-TPC-4 (NP-SBJ-2 ENI) (VP needs (S (NP-SBJ *-2) (VP to (VP know (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP 's (VP coming)))) (SBAR-TMP as (S (NP-SBJ-3 it) (VP prepares (S (NP-SBJ *-3) (VP to (VP spend (NP (QP some $ 1.3 billion) *U*) (PP-CLR on (S-NOM (NP-SBJ *) (VP upgrading (NP its refineries))))))))))))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-4))) .)) (TOP (SINV (S-TPC-4 (NP-SBJ-3 Oil companies) (ADVP-LOC world-wide) (VP will (VP have (S `` (NP-SBJ *-3) (VP to (VP spend (NP (NP a lot) (PP of (NP money))) (PP-CLR for (NP (NP the cleaner fuels) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP required (NP *-1)))))))))) , '')))) (VP says (SBAR 0 (S *T*-4))) (NP-SBJ (NP John H. Lichtblau) , (NP (NP the president) (PP of (NP the Petroleum Industry Research Foundation)))) .)) (TOP (S (NP-SBJ It) (VP will (VP go (PP-CLR for (NP (NP work) (VP ranging (PP-CLR (PP from (NP refinery modification)) (PP to (NP (NP (NP changes) (PP-LOC in (NP the distribution system))) , (PP including (NP (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ service stations) (VP pump (NP fuel) (PP-DIR into (NP cars)) (ADVP-MNR *T*-1)))))))))))))) .)) (TOP (S (PP-LOC In (NP the U.S.)) , (NP-SBJ-1 (NP the search) (PP for (NP oil))) (VP had (VP been (VP headed (NP *-1) (PP-DIR toward (NP (NP (ADJP environmentally sensitive) areas) (VP believed (S (NP-SBJ *) (VP to (VP have (NP vast reserves)))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Alaska 's) Arctic National Wildlife Refuge) (ADVP alone)) (VP is (VP thought (S (NP-SBJ *-1) (VP to (VP hide (NP (NP (QP more than three billion) barrels) (PP of (NP oil)))))))) .)) (TOP (S (PP-TMP Until (NP the tanker spill)) , (NP-SBJ Big Oil) (VP was (VP (ADVP-MNR slowly) convincing (NP authorities) (SBAR 0 (S (NP-SBJ it) (VP could (VP (ADVP-MNR safely) produce (PP-LOC from (NP such places)))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ-1 the wildlife refuge) (VP has (VP been (VP closed (NP *-1) (PP-CLR to (NP the industry)) , (PP-TMP (ADVP possibly) for (NP years))))) .)) (TOP (S (ADVP Similarly) , (NP-SBJ-1 (NP a group) (PP of (NP companies)) (VP led (NP *) (PP by (NP-LGS Chevron Corp.)))) (VP has (VP been unable (S (NP-SBJ *-1) (VP to (VP pump (NP (NP oil) (VP found (NP *) (PP-LOC off (NP the California coast)) (PP-TMP in (NP the early 1980s))))))))) .)) (TOP (S (NP-SBJ (NP A huge production system) (VP built (NP *) (UCP-LOC (PP in (NP (NP the sea) (PP-LOC off (NP Santa Barbara)))) and (ADVP ashore)))) (VP is (VP sitting (ADJP-CLR idle))) .)) (TOP (S But (NP-SBJ (NP the push) (PP for (NP cleaner fuels))) (VP is (VP increasing (NP (NP the attractiveness) (PP of (NP natural gas))))) .)) (TOP (S (NP-SBJ (NP (QP More than half) the domestic drilling) (PP (ADVP-TMP now) under (NP way))) (VP is (PP-PRD for (NP gas)) , (PP (ADVP partly) on (NP the assumption (SBAR that (S (NP-SBJ (NP demand) (PP *ICH*-2)) (VP will (VP rise (PP-2 for (NP (NP a fuel) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD (ADJP cleaner (S (NP-SBJ *) (VP to (VP burn)))) (PP than (NP either oil or coal))))))))))))))) .)) (TOP (S (NP-SBJ Activity) (VP has (VP revived (PP-LOC in (NP (NP the largest U.S. gas-producing regions) , (PP such as (NP (NP the Gulf) (PP of (NP Mexico)))))))) .)) (TOP (S (NP-SBJ (NP Santa Fe International Corp.) , (SBAR (WHNP-2 which) (S (S (NP-SBJ-1 *T*-2) (VP is (VP owned (NP *-1) (PP by (NP-LGS Kuwait))))) (PRN -LRB- and (S (NP-SBJ-4 *T*-2) (VP is n't (VP related (NP *-4) (PP-CLR to (NP (NP Santa Fe Southern Pacific 's) unit))))) -RRB-))) ,) (VP is (VP stepping (PRT up) (NP (NP development) (PP of (NP (NP a well) (PP-LOC off (NP (NP (NP Texas ') Matagorda Island) (SBAR (WHADVP-3 where) (S (NP-SBJ it) (VP found (NP gas) (PP-TMP in (NP 1987)) (ADVP-LOC *T*-3))))))))))) .)) (TOP (SINV (S-TPC-1 `` (S (NP-SBJ We) (VP could (VP have (VP sat (PP-LOC-CLR on (NP it)) (ADVP-TMP longer))))) , but (S (NP-SBJ the impetus) (VP is (S-PRD (NP-SBJ *) (VP to (VP get (NP the gas) (PP-DIR to (NP the marketplace))))))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Richard Poole) , (NP (NP senior scout) (PP for (NP Santa Fe International)))) .)) (TOP (S `` (NP-SBJ-1 We) (VP 're (VP trying (S (NP-SBJ *-1) (VP to (VP get (S (NP-SBJ it) (PP-PRD on (NP line))) (ADVP-TMP as soon (PP as possible)) (NP-TMP now)))))) . '')) (TOP (S (NP-TMP This month) , (NP-SBJ Exxon Corp.) (VP announced (NP (NP plans) (PP for (NP (NP (NP a 400-day project) (VP drilling (PP-CLR for (NP gas)) (ADVP-LOC (NP about five miles) underground) (PP-LOC in (NP (NP the Anadarko Basin) (PP of (NP western Oklahoma)))))) -- (NP (NP the deepest drilling project) (PP-LOC in (NP the U.S))))))) .)) (TOP (S (NP-SBJ Exxon) (VP will (VP use (NP (NP a Parker Drilling Co. rig) (VP built (NP *) (PP-TMP in (NP 1981))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP can (VP go (PP-DIR down (NP (QP 9 1/2) miles))))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ the Soviet Union) (VP grapples (PP-CLR with (NP its worsening economy))))) , (NP-SBJ leading reformers) (VP have (VP drawn (PRT up) (NP (NP a blueprint) (PP for (NP change)) (VP designed (S (NP-SBJ *) (VP to (VP push (NP the nation) (ADVP-DIR (ADVP much closer) (PP to (NP a free-market system)))))))))) .)) (TOP (S (NP-SBJ The proposals) (VP go (PP-DIR (ADVP far) beyond (NP (NP the (ADJP (ADJP current) and (ADJP rather confused)) policies) (PP of (NP (NP perestroika) , (NP (NP (NP Mikhail Gorbachev 's) restructuring) (PP of (NP the economy)))))))) .)) (TOP (S (NP-SBJ They) (VP lay (PRT out) (NP (NP a clear timetable and methodology) (PP for (S-NOM (NP-SBJ *) (VP liberalizing (NP (NP the system) (PP of (S-NOM (NP-SBJ *) (VP (VP setting (NP prices)) , (VP breaking (PRT up) (NP huge industrial monopolies)) and (VP putting (NP unprofitable state-owned companies) (PP-PUT out (PP of (NP business))))))))))))) .)) (TOP (S (NP-SBJ They) (ADVP also) (VP (VP address (NP (NP such taboo subjects) (PP as (NP (NP the likelihood) (PP of (NP (NP unemployment) and (NP high inflation))))))) , and (VP recommend (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP soften (NP the social consequences) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 (NP many solutions) (PP to (NP (NP the nation 's) economic troubles))) (VP are (VP being (VP discussed (NP *-1)))))) , (NP-SBJ the blueprint) (VP is (VP attracting (NP widespread attention) (NP-LOC here) (PP-PRP because of (NP (NP its comprehensiveness) and (NP presumed high-level authorship))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 it) (VP was (VP published (NP *-1) (S-CLR (NP-SBJ *-1) (ADJP-PRD unsigned)) (PP-LOC in (NP (NP the latest edition) (PP of (NP the weekly Ekonomicheskaya Gazeta)))))))) , (NP-SBJ Soviet sources) (VP say (SBAR 0 (S (NP-SBJ-2 the article) (VP was (VP written (NP *-2) (PP by (NP-LGS (NP Leonid Abalkin) and (NP (NP a small group) (PP of (NP colleagues)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Abalkin) , (NP (NP head) (PP of (NP (NP the (NP (NP Academy) (PP of (NP Science)) 's) Institute) (PP of (NP Economics))))) ,) (VP was (ADVP-TMP recently) (VP appointed (S (NP-SBJ *-1) (NP-PRD (NP (NP deputy chairman) (PP of (NP the Soviet government))) and (NP (NP head) (PP of (NP (NP a state commission) (PP on (NP economic reform))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ It) (VP 's (ADVP clearly) (NP-PRD (NP a manifesto) (PP for (NP (NP the next stage) (PP of (NP perestroika)))))) , '') (VP said (S *T*-1)) (NP-SBJ one analyst) .)) (TOP (S (NP-SBJ (NP The economic ideas) (PP-LOC in (NP the document))) (VP are (ADJP-PRD (ADJP much bolder) (PP than (NP current policies)))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP (NP the proposed overhaul) (PP of (NP prices))) (PRN -- (NP an (ADJP extremely sensitive) political topic) --)) (VP is (ADJP-PRD (ADJP far more precise) (PP than (NP (NP the vague plans) (VP (VP announced (NP *) (PP by (NP-LGS Mr. Gorbachev)) (PP-TMP in (NP 1987))) and (VP (ADVP-TMP later) dropped (NP *) )))))) .)) (TOP (S But (NP-SBJ the proposals) (ADVP also) (VP display (NP political savvy) , (S-ADV (NP-SBJ-3 *) (VP couching (NP (NP some) (PP of (NP the (ADJP most controversial) ideas))) (PP-CLR in (NP cautious language)) (SBAR-PRP so as not (S (NP-SBJ *-3) (VP to (VP alienate (NP (NP powerful conservatives) (PP-LOC in (NP the government)) (SBAR (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (VP stand (S (NP-SBJ *-4) (VP to (VP lose (PRT out) (SBAR-ADV if (S (NP-SBJ-1 they) (VP are (VP implemented (NP *-1))))))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-3) (VP Seeking (NP (NP a middle path) (PP between (NP (NP (NP opponents) (PP of (NP change))) and (NP (NP radicals) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP demand (NP overnight solutions)))))))))) , (NP-SBJ-3 the article) (VP advocates (SBAR-NOM (WHNP-2 what) (S (NP-SBJ it) (VP calls (S (NP-SBJ *T*-2) (NP-PRD a `` radical-moderate approach)))))) . '')) (TOP (S (NP-SBJ-2 The document) (VP (VP is (S (NP-SBJ-1 *-2) (VP to (VP be (VP discussed (NP *-1) (PP-LOC at (NP (NP a conference) (PP of (NP leading economists)))) (NP-TMP late this month)))))) , and (VP will (ADVP probably) (VP be (VP presented (NP *-2) (PP-DIR to (NP the Soviet Parliament)) (PP-CLR for (NP consideration)) (NP-TMP this year))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ policy-makers) (VP draw (PRT up) (NP (NP proposals) (PP for (NP (NP the next five-year plan) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP starts (PP-TMP in (NP 1991))))))))))) , (NP-SBJ the blueprint) (VP represents (NP (NP a powerful first shot) (PP in (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-3 *T*-2) (VP is (ADJP-PRD likely (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP a fierce battle) (PP over (NP economic reform))))))))))))) .)) (TOP (S (NP-SBJ The authors) (VP (VP make (NP (NP a gloomy assessment) (PP of (NP the economy)))) and (VP concede (SBAR that (S `` (NP-SBJ (NP quick and easy paths) (PP to (NP success))) (ADVP simply) (VP do n't (VP exist)))))) . '')) (TOP (S (ADVP Instead) , (NP-SBJ they) (VP map (PRT out) (NP (NP a strategy) (PP in (NP several phases))) (PP-TMP (PP from (NP now)) (PP until (NP 1995)))) .)) (TOP (S (NP-SBJ-1 (NP Most) (PP of (NP the measures))) (VP would (ADVP probably) (VP (ADVP only) start (S (NP-SBJ *-1) (VP to (VP have (NP an effect) (PP-CLR on (NP beleaguered Soviet consumers)) (PP-TMP in (NP (QP two to three) years)) (PP-TMP at (NP the earliest))))))) .)) (TOP (S (NP-SBJ (NP The key steps) (VP advocated (NP *))) (VP include : -- (NP PROPERTY)) .)) (TOP (S (NP-SBJ-1 (NP Rigid ideological restrictions) (PP-LOC on (NP property ownership))) (VP should (VP be (VP abandoned (NP *-1)))) .)) (TOP (S (NP-SBJ-1 The document) (VP proposes (S (NP-SBJ *-1) (VP (VP breaking (PRT up) (NP (NP the monolithic system) (PP of (NP state-owned enterprises and farms)))) and (VP allowing (S (NP-SBJ-2 a big private sector) (VP to (VP flourish , (S-ADV (NP-SBJ-3 *-2) (VP helped (NP *-3) (PP by (NP-LGS tough anti-monopoly legislation))))))))))) .)) (TOP (S (NP-SBJ-2 The economy) (VP would (VP be (VP thrown (NP *-2) (ADJP-CLR open) (PP-CLR to (NP (NP (NP numerous types) (PP of (NP ownership))) (PP *ICH*-3))) (PP-TMP between (NP now and 1992)) , (PP-3 including (NP (NP factories) (VP (VP leased (NP *) (PP by (NP-LGS workers))) or (VP owned (NP *) (PP by (NP-LGS (NP shareholders) , (NP cooperatives) and (NP joint ventures)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Some forms) (PP of (NP private property))) (VP would (VP be (VP sanctioned (NP *-1)))) .)) (TOP (S (NP-SBJ Such moves) (VP would (VP (ADVP-MNR greatly) reduce (NP (NP the power) (PP of (NP (NP government ministries) , (SBAR (WHNP-1 who) (S (ADVP-TMP now) (NP-SBJ-2 *T*-1) (VP (VP (ADVP-MNR jealously) guard (NP their turf)) and (VP are (VP seen (NP *-2) (PP-CLR as (NP (NP one) (PP of (NP (NP the major obstacles) (VP blocking (NP economic reform)))))))))))))))) .)) (TOP (NP -- FINANCES .)) (TOP (S (NP-SBJ-1 Emergency measures) (VP would (VP be (VP introduced (NP *-1) (S-PRP (NP-SBJ *-1) (VP to (VP ease (NP (NP (NP the country 's) financial crisis) , (NP (ADVP notably) its (ADJP (QP $ 200 billion) *U*) budget deficit)))))))) .)) (TOP (S (PP-TMP By (NP (NP the end) (PP of (NP next year)))) , (NP-SBJ-2 all loss-making state enterprises) (VP would (VP be (VP (VP put (NP *-2) (PP-PUT out (PP of (NP business)))) or (VP handed (NP *-2) (PRT over) (PP-CLR to (NP (NP workers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP would (VP (VP buy or lease (NP them)) or (VP turn (NP them) (PP-CLR into (NP cooperatives))))))))))))) .)) (TOP (S (NP-SBJ-1 Similar steps) (VP would (VP be (VP taken (NP *-1) (S-PRP (NP-SBJ *-1) (VP to (VP liquidate (NP unprofitable (UCP state and collective) farms) (PP-TMP by (NP (NP the end) (PP of (NP 1991)))))))))) .)) (TOP (S (NP-SBJ-1 (NP A unified system) (PP of (NP taxation))) (VP should (VP be (VP introduced (NP *-1) (ADVP-MNR rapidly)))) .)) (TOP (S (S-PRP (NP-SBJ *-2) (VP To (VP mop (PRT up) (NP (NP some) (PP of (NP (NP the (QP 300 billion) rubles) (PP in (NP circulation)))))))) , (NP-SBJ-2 the government) (VP should (VP encourage (NP home ownership) , (PP including (S-NOM (NP-SBJ *) (VP issuing (NP (NP bonds) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP guarantee (NP holders) (NP the right (S (NP-SBJ *) (VP to (VP purchase (NP an apartment)))))))))))))) .)) (TOP (NP -- LABOR .)) (TOP (S (NP-SBJ (NP A genuine market) (PP for (NP labor and wages))) (VP would (VP replace (NP the present rigid , centralized system))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Departing (PP from (NP (NP decades) (PP of (NP Soviet dogma)))))) , (NP-SBJ-1 the new system) (VP would (VP lead (PP-CLR (PP to (NP (NP big differences) (PP-LOC in (NP pay)) (PP between (NP workers)))) and (PP (ADVP almost certainly) to (NP unemployment))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP cushion (NP the blows)))) , (NP-SBJ-1 the government) (VP would (VP introduce (NP (NP a minimum wage) and (NP unemployment benefits)))) .)) (TOP (NP -- PRICES .)) (TOP (S (S (NP-SBJ-1 (NP The entire system) (PP of (NP (ADJP centrally set) prices))) (VP would (VP be (VP-2 overhauled (NP *-1))))) , and (S (NP-SBJ=1 free-market prices) (VP=2 introduced)) (PP for (NP (NP most wholesale trade) and (NP some retail trade))) .)) (TOP (S (S (NP-SBJ-2 Consumers) (VP would (ADVP-TMP still) (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP buy (NP some food and household goods) (PP-MNR at (NP subsidized prices))))))))) , but (S (NP-SBJ-1 (NP luxury and imported items) , (PP including (NP food)) ,) (VP would (VP be (VP sold (NP *-1) (PP-MNR at (NP market prices)))))) .)) (TOP (S (NP-SBJ-1 Wholesale prices) (VP would (VP be (VP divided (NP *-1) (PP-CLR into (NP (NP three categories) : (NP (NP (NP raw materials) (VP sold (NP *) (PP-MNR at (NP (NP fixed prices) (ADJP close (PP to (NP world levels))))))) ; (NP (NP government-set procurement prices) (PP for (NP (NP a small number) (PP of (NP key products))))) ; and (NP (NP free prices) (PP for (NP everything else)) (S (NP-SBJ-2 *) (VP to (VP be (VP determined (NP *-2) (PP by (NP-LGS (NP contracts) (PP between (NP suppliers and purchasers))))))))))))))) .)) (TOP (S (NP-SBJ Inflation-adjusted social benefits) (VP would (VP ensure (SBAR that (S (NP-SBJ the poor and elderly) (VP do n't (VP suffer (ADVP-MNR unduly))))))) .)) (TOP (NP -- FOREIGN TRADE .)) (TOP (S (NP-SBJ-1 (NP The current liberalization and decentralization) (PP of (NP foreign trade))) (VP would (VP be (VP taken (NP *-1) (ADVP much further)))) .)) (TOP (S (NP-SBJ Soviet companies) (VP (VP would (VP face (NP (NP fewer obstacles) (PP for (NP exports))))) and (VP could (VP (ADVP even) invest (NP their hard currency) (ADVP-LOC-CLR abroad)))) .)) (TOP (S (NP-SBJ Foreigners) (VP would (VP receive (NP greater incentives (S (NP-SBJ *) (VP to (VP invest (PP-LOC-CLR in (NP the U.S.S.R.)))))))))) (TOP (S (PP-LOC Alongside (NP the current non-convertible ruble)) , (NP-SBJ-3 (NP a second currency) (SBAR *ICH*-2)) (VP would (VP be (VP introduced (NP *-3) (SBAR-2 (WHNP-1 that) (S (NP-SBJ-4 *T*-1) (VP could (VP be (VP (ADVP-MNR freely) exchanged (NP *-4) (PP-CLR for (NP (NP dollars) and (NP other Western currencies))))))))))) .)) (TOP (S (NP-SBJ-1 A domestic foreign exchange market) (VP would (VP be (VP set (NP *-1) (PRT up) (PP as (NP (NP part) (PP of (NP (NP an overhaul) (PP of (NP (NP the nation 's) banking system))))))))) .)) (TOP (S (NP-SBJ The blueprint) (VP is (PP-PRD at (NP its vaguest)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ *) (VP referring (PP-CLR to (NP (NP the fate) (PP of (NP (NP (NP the two powerful economic institutions) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP seem (ADVP likely (S (NP-SBJ *-2) (VP to (VP oppose (NP such sweeping plans))))))))) : (NP (NP (NP the State Planning Committee) , (VP known (NP *) (PP-CLR as (NP Gosplan)))) , and (NP (NP (NP the State Committee) (PP for (NP Material Supply))) , or (NP Gossnab))))))) (ADVP-TMP *T*-3))))) .)) (TOP (S But (NP-SBJ it) (VP hints (ADVP-MNR strongly) (SBAR that (S (NP-SBJ both organizations) (VP would (VP (ADVP increasingly) lose (NP their clout) (SBAR-TMP as (S (NP-SBJ (NP the changes) , (NP (ADVP particularly) (NP (NP the introduction) (PP of (NP wholesale trade))) and (NP (NP the breakup) (PP of (NP state monopolies)))) ,) (VP take (NP-CLR effect))))))))) .)) (TOP (S (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Ready , Willing and Unable)) (NP-SBJ-1 I) (ADVP-TMP always) (VP lift (NP the hood) (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ my car) (VP does n't (VP start (ADVP-TMP *T*-2))))))) ; (S (SBAR-ADV If (S (NP-SBJ (NP gadgets) (PP-LOC at (NP home))) (VP do n't (VP work)))) (NP-SBJ I) (VP (ADVP-MNR coolly) take (NP them) (ADVP-CLR apart))) .)) (TOP (S (S (NP-SBJ I) (VP 'll (VP admit (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD (NP nothing) (ADJP wrong) (SBAR (WHNP-1 That) (S (NP-SBJ I) (ADVP ever) (VP do (VP find (NP *T*-1)))))))))))) , But (S (NP-SBJ (NP it) (SBAR-TMP *EXP*-3)) (VP 's (ADJP-PRD nice) (SBAR-TMP-3 (WHADVP-2 when) (S (NP-SBJ people) (VP say (SBAR 0 (S (NP-SBJ I) (VP appear (ADJP-PRD mechanically inclined)))) (ADVP-TMP *T*-2)))))) .)) (TOP (NP -- Joshua Adams .)) (TOP (NP-HLN Flick Shock)) (TOP (S (PP-LOC At (NP the movies)) (NP-TMP today) (PP In (NP detail)) (NP-SBJ you) (VP see (SBAR-NOM (WHNP-1 What) (S (NP-SBJ the prof) (VP would n't (VP show (NP *T*-1) (PP-LOC In (NP Physiology Three))))))) .)) (TOP (NP -- Robert Gordon .)) (TOP (NP-TTL Candid Comment)) (TOP (S (S (NP-SBJ *) (VP Do n't (VP worry))) ; (S (NP-SBJ-1 people) (VP will (VP learn (S (NP-SBJ *-1) (VP to (VP read (ADVP (ADVP as long) (SBAR as (S (NP-SBJ there) (VP are (NP-PRD TV program listings))))))))))) .)) (TOP (NP -- John Drybred .)) (TOP (S (NP-SBJ (NP Albert Engelken) and (NP Robert Thomson)) (VP had (ADVP-TMP never) (VP met , (SBAR-ADV though (S (PP-TMP for (NP 38 years)) (NP-SBJ-1 their lives) (VP had (VP been (VP intertwined (NP *-1) (PP-MNR in (NP (NP a way) (ADJP peculiar (PP to (NP the sports world)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Engelken) , (NP (ADVP-TMP now) (NP a transit-association executive) (PP-LOC in (NP (NP Washington) , (NP D.C.)))) ,) and (NP (NP Mr. Thomson) , (NP (NP a paper-products salesman) (PP-LOC in (NP (NP Montvale) , (NP N.J.))))) ,) (VP had n't (VP (ADVP even) talked (PP-CLR to (NP each other)))) .)) (TOP (S But (NP-TMP one recent day) , (NP-SBJ they) (VP became (ADJP-PRD much closer)) .)) (TOP (S (NP-SBJ-1 (NP Mr. Engelken) , (NP a rabid baseball fan) ,) (VP pores (PP-CLR over (NP the sports pages)) (S-PRP (NP-SBJ *-1) (VP to (VP chart (NP (NP the exploits) (PP of (NP `` my favorite and not-so-favorite teams and players))))))) . '')) (TOP (S-3 (NP-SBJ He) (ADVP-TMP often) (VP groans (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-3)))) ,) (PP-CLR at (NP (NP the `` clutter '') (PP of (NP (NP sports stories) (PP about (NP (NP drugs) , (NP alcohol) , (NP gambling) and (NP (NP (NP some player 's) lament) `` (PP about (NP (NP the miserly millions) (SBAR (WHNP-2 0) (S (NP-SBJ-1 he) (VP is (VP offered (NP *-1) (NP *T*-2) (S-PRP (NP-SBJ *-1) (VP to (VP play (NP the game)))))))))))))))))) . '')) (TOP (S (NP-SBJ (NP His morning paper) , (NP the Washington Post) ,) (VP (ADVP even) carries (NP (NP a sports column) (VP called (S (NP-SBJ *) (NP-PRD `` Jurisprudence ''))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP recounts (NP (NP the latest arrests and convictions) (PP of (NP (NP players) and (NP team managers))))))))) .)) (TOP (S (PP Like (NP many sports buffs)) , (NP-SBJ Mr. Engelken) (VP has (VP turned (ADJP cynic))) .)) (TOP (S But (NP-SBJ his) (VP is (NP-PRD (NP a story) (PP (PP about (NP (NP a hero) (PP-LOC in (NP (NP an era) (PP of (NP sports anti-heroes)))))) , and (PP about (SBAR-NOM (WHNP-1 what) (S-2 (NP-SBJ Babe Ruth) (PRN , (S (NP-SBJ Mr. Engelken) (VP reminds (NP us) (SBAR 0 (S *T*-2)))) ,) (ADVP-TMP once) (VP called (S (NP-SBJ *T*-1) `` (NP-PRD (NP the only real game) (PP-LOC in (NP the world))))))))))) . '')) (TOP (S (PP To (NP Mr. Engelken)) , (NP-SBJ it) (VP is (ADVP also) (NP-PRD (NP a story) `` (PP about (NP love))) , (SBAR-PRP because (S (NP-SBJ-2 I) (VP 'm (ADJP-PRD blessed (S (NP-SBJ *-2) (VP to (VP have (NP (NP a wife) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (ADVP-TMP still) thinks (SBAR 0 (S (NP-SBJ (NP her (ADJP slightly eccentric) husband 's) 50th birthday) (VP deserves (NP the ultimate present)))))))))))))))) . '')) (TOP (S (S-PRP (NP-SBJ *-4) (VP To (VP understand (SBAR (WHNP-3 what) (S (NP-SBJ Mr. Engelken) (VP means (NP *T*-3))))))) , (NP-SBJ-4 one) (VP must (VP go (ADVP-DIR back) (PP-CLR to (NP (NP a sunny October afternoon) (PP-TMP in (NP 1951)) (PP-LOC at (NP (NP (NP New York 's) Polo Grounds stadium) , (SBAR (WHADVP-5 where) (S (PRN , (S (NP-SBJ-1 it) (VP can (VP be (VP argued (NP *-1))))) ,) (NP-SBJ-2 (NP the (ADJP most dramatic) moment) (PP in (NP baseball history))) (VP was (VP played (NP *-2) (PRT out) (ADVP-LOC *T*-5))))))))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP the ninth inning) (PP of (NP (NP the third game) (PP of (NP (NP a three-game playoff) (PP between (NP (NP the Brooklyn Dodgers) and (NP (NP the New York Giants) (PRN -LRB- (NP (NP the predecessor) (PP to (NP (NP the San Francisco Giants) (VP scheduled (S (NP-SBJ *) (VP to (VP play (PP-CLR in (NP (NP tonight 's) world series))))))))) -RRB-)))))))))) .)) (TOP (S (S (NP-SBJ (NP Baseball fans) (PP-LOC throughout (NP New York))) (VP had (VP sweated (PRT out) (NP a long summer) (PP with (NP their teams))))) , and (S (ADVP-TMP now) (NP-SBJ it) (VP had (VP come (PP-CLR to (NP (NP this) : (NP (NP a battle) (PP between (NP the two)) (PP for (NP the National League pennant)) -- (UCP (PP down (PP to (NP (NP the last inning) (PP of (NP the last game))))) , (ADVP no less)))))))) .)) (TOP (S (NP-SBJ (QP Some 34,320) fans) (VP (VP jammed (NP the stands)) , and (VP shouted (PP-MNR at (NP (NP the top) (PP of (NP their lungs)))))) .)) (TOP (S (NP-SBJ Mr. Engelken) (VP was (VP doing (NP the same) (PP-LOC across (NP the Hudson River)) (PP-LOC in (NP (NP New Jersey) , (SBAR (WHADVP-2 where) (S , (PP-MNR with (NP (NP his nose) (VP pressed (NP *) (PP-CLR against (NP (NP the front window) (PP of (NP the Passaic-Clifton National Bank))))))) , (NP-SBJ he) (VP watched (NP the duel) (PP-CLR on (NP (NP a television set) (SBAR (WHNP-1 0) (S (NP-SBJ the bank) (VP set (PRT up) (NP *T*-1) (PP for (NP the event))))))) (ADVP-LOC *T*-2)))))))) .)) (TOP (S (NP-SBJ The playoff series) (VP had (VP riveted (NP the 12-year-old Giants fan))) .)) (TOP (S (S-TPC-2 `` (NP-SBJ-1 The Giants) (VP struck (ADVP-TMP first) , (S-ADV (NP-SBJ *-1) (VP winning (NP the opener) , (NP-CLR 3-1) , (PP-CLR on (NP (NP a two-run homer) (PP off (NP Dodger right-hander Ralph Branca))))))) , '') (NP-SBJ Mr. Engelken) (VP recalls (S *T*-2) (PP-MNR with (NP precision)) (NP-TMP today)) .)) (TOP (S `` (NP-SBJ-1 The Giants) (VP (VP got (VP swamped (PP-LOC in (NP the second game)) , (NP 100) ,)) and (VP trailed (NP 4-1) (S-ADV (NP-SBJ *-1) (VP going (PP-CLR into (NP (NP the bottom) (PP of (NP (NP the ninth) (PP of (NP the third and deciding game)))))))))) .)) (TOP (S (NP-SBJ The Giants) (VP (VP scored (ADVP-TMP once)) and (VP had (NP (NP runners) (NP *ICH*-1) (NP *ICH*-2)) (PP-CLR on (NP (NP second) (PRN -LCB- (NP-1 Whitey Lockman) -RCB-) and (NP third) (PRN -LCB- (NP-2 Clint Hartung) -RCB-))) (SBAR-TMP as (S (NP-SBJ Bobby Thomson) (VP advanced (PP-DIR to (NP the plate))))))) . '')) (TOP (S (NP-SBJ The rest) (PRN , (SBAR as (S (NP-SBJ they) (VP say))) ,) (VP is (NP-PRD history)) .)) (TOP (S (NP-SBJ (NP Mr. Thomson) , (NP a tall , Scottish-born , right-hand hitter) ,) (VP stepped (PP-DIR into (NP (NP the batter 's) box))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Thomson) (VP took (NP a called strike)) ,) '' (NP-SBJ Mr. Engelken) (VP recounts (S *T*-1)) .)) (TOP (S (NP-SBJ The tension) (VP mounted (SBAR-TMP as (S (NP-SBJ Ralph Branca) , (PP-LOC (ADVP-TMP again) on (NP the mound)) , (VP stared (PRT down) (NP the batter))))) .)) (TOP (S (NP-SBJ He) (VP (VP wound (ADVP up)) and (VP let (ADJP-CLR loose) (NP a fastball))) .)) (TOP (S (NP-SBJ-1 The pitch) (VP (VP sailed (PP-DIR toward (NP Bobby Thomson)) (ADVP-MNR high and inside)) and (VP (ADVP-TMP then) , (PP-MNR with (NP (NP a crack) (PP of (NP the bat)))) , was (VP sent (S-ADV (NP-SBJ *-1) (VP rocketing (ADVP-DIR back) (PP-DIR into (NP the lower leftfield stands))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ Giants fans) (VP went (PP-CLR into (NP euphoria))) , '') (VP says (S *T*-1)) (NP-SBJ Mr. Engelken) .)) (TOP (S And (NP-SBJ-1 Bobby Thomson) (VP was (VP made (S (NP-SBJ *-1) (NP-PRD a legend)))) .)) (TOP (NP (NP (NP The same Bobby Thomson) (SBAR *ICH*-2)) (PRN , (S (NP-SBJ it) (VP turns (PRT out))) ,) (SBAR-2 (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sells (NP those paper-goods) (NP-TMP today)))) .)) (TOP (S (NP-SBJ There) (VP ca n't (VP be (NP-PRD (NP an older baseball fan) (ADJP alive) (SBAR (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP does n't (VP (ADVP-MNR clearly) remember (NP that Bobby Thomson homer))))) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP ca n't (VP tell (NP you) (SBAR (WHADVP-5 where) (S (NP-SBJ he) (VP was (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ he) (VP heard (NP (NP the famous Russ Hodges radio broadcast) -- (NP (NP the one) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP concluded (PP-MNR with (NP (NP Mr. Hodges) (VP shouting , (ADVP over and over) , (S `` (S (NP-SBJ The Giants) (VP win (NP the pennant))) , (S (NP-SBJ the Giants) (VP win (NP the pennant)))))))))))) (ADVP-TMP *T*-4)))) (ADVP-LOC-PRD *T*-5)))))))))))) ! '')) (TOP (S (S (NP-SBJ (NP Mr. Engelken) and (NP Mr. Thomson)) (VP drifted (PP-DIR in (NP different directions)) (PP-TMP in (NP the subsequent years)))) , and (S (NP-SBJ-1 (NP the Polo Grounds) , (VP located (NP *) (PP-LOC under (NP (NP Coogan 's) Bluff)) (PP-LOC in (NP upper Manhattan))) ,) (VP was (VP replaced (NP *-1) (PP by (NP-LGS a public-housing project))))) .)) (TOP (S (NP-SBJ-1 Mr. Thomson) (VP played (NP (NP outfield) and (NP third base)) (PP-TMP until (NP 1960)) , (S-ADV (NP-SBJ-2 *-1) (VP (VP posting (NP a lifetime (ADJP .270 batting) average)) and (VP chalking (PRT up) (NP 264 home runs)) (SBAR-TMP before (S (NP-SBJ *-2) (VP (VP retiring) and (VP going (PP-CLR into (NP paper-goods sales))))))))) .)) (TOP (S (S (NP-SBJ Mr. Engelken) (VP moved (ADVP-DIR south) (PP-DIR to (NP Washington)))) , but (S (NP-SBJ he) (VP took (PP-CLR with (NP him)) (NP (NP enduring memories) (PP of (NP (NP the homer) (PP of (NP 1951))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ (NP his wife) , (NP Betsy) ,) (VP came (PP-CLR down (NP the aisle)) (PP-TMP on (NP their wedding day)) (PP-TMP in (NP 1966)) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP Mr. Engelken) (PRN -- (NP (NP no slouch) (PP-LOC on (NP the romantic front))) --)) (VP gave (NP her) (NP (NP the ultimate compliment) : (S `` (NP-SBJ You) (VP look (ADJP-PRD (ADJP prettier) (PP than (NP (NP Bobby Thomson 's) home run))))))) . '')) (TOP (S (NP-SBJ-1 (NP (NP The couple 's) first dog) , (NP Homer) ,) (VP was (VP named (S (NP-SBJ *-1) (PP-PRD after (NP the Great Event))) , (SBAR-ADV though (S (NP-SBJ unwitting friends) (VP assumed (SBAR 0 (S (NP-SBJ he) (VP was (NP-PRD (NP the namesake) (PP of (NP the poet))))))))))) .)) (TOP (S And (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ (NP (NP Mr. Engelken 's) sister) , (NP Martha) , (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP was (VP born (NP *-1) (PP-TMP (NP two days) before (NP the home run)))))) ,) (VP reached (NP her 25th birthday) (ADVP-TMP *T*-4)))) , (NP-SBJ-3 Mr. Engelken) (VP wrote (NP his sports hero) (S-PRP (NP-SBJ *-3) (VP to (VP tell (NP him) (PP-CLR of (NP (NP the coincidence) (PP of (NP events)))))))) .)) (TOP (S (S (NP-SBJ Mr. Thomson) (VP sent (PRT off) (NP a card) (PP-DIR to (NP Martha)))) : (S (S-TPC-2 `` (NP-SBJ It) (VP does n't (VP seem (PP-CLR like (NP 25 years)) (SBAR-TMP since (S (NP-SBJ-1 I) (VP hit (NP that home run) (S-PRP (NP-SBJ *-1) (VP to (VP celebrate (NP your birth))))))))) , '') (NP-SBJ it) (VP read (S *T*-2))) .)) (TOP (S (NP-SBJ Martha) (VP was (ADJP-PRD pleased , (PRN but (ADVP-MNR (ADVP (ADVP nowhere near) as much) (PP as (NP Mr. Engelken)))))) .)) (TOP (S (NP-SBJ The family license plate) (VP reads (NP (NP `` ENG 23 , '') (NP (NP (NP the first three letters) (PP of (NP the family name))) and (PRN -- (NP no surprise here) --) (NP (NP Bobby Thomson 's) uniform number)))) .)) (TOP (S And (PP-TMP on (NP (NP Mr. Engelken 's) 40th birthday)) , (NP-SBJ his wife) (VP (VP bought (NP (NP a book) (VP detailing (NP the big homer)))) and (VP sent (NP-2 it) (PRT off) (PP-DIR to (NP Mr. Thomson)) (S-PRP (NP-SBJ-1 *-2) (VP to (VP be (VP autographed (NP *-1))))))) .)) (TOP (SINV (SBARQ-TPC-2 `` (WHNP-1 What) (SQ (NP-SBJ *T*-1) (VP could (VP have (VP been (ADJP-PRD better))))) ? '') (VP asks (SBARQ *T*-2)) (NP-SBJ Mr. Engelken) .)) (TOP (S (NP-SBJ Betsy Engelken) (VP asked (NP the same question) (NP-TMP earlier this year) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ her husband) (VP was (VP (ADVP about) to (VP turn (NP 50) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ She) (VP had (NP an idea)) .)) (TOP (S (PP-TMP On (NP (NP her husband 's) 50th birthday)) (PRN -LRB- (PP-TMP after (NP (NP an auspicious 23 years) (PP of (NP marriage)))) (PRN , (S (NP-SBJ-1 it) (VP should (VP be (VP noted (NP *-1)))))) -RRB-) , (NP-SBJ-2 (NP Betsy) , (NP Al) and (NP their college-bound son)) (VP set (ADVP-CLR out) (PP-DIR for (NP New York)) (S-PRP (NP-SBJ *-2) (VP to (VP visit (NP Fordham University))))) .)) (TOP (S (NP-SBJ-1 Mrs. Engelken) (VP had (VP scheduled (NP (NP a stop) (PP-LOC on (NP the New Jersey Turnpike))) (S-PRP (NP-SBJ *-1) (VP to (PRN , (S (NP-SBJ she) (VP told (NP her husband))) ,) (VP pick (PRT up) (NP some papers) (PP-BNF for (NP a neighbor))))))) .)) (TOP (S (NP-SBJ-1 The papers) (VP would (VP be (VP handed (NP *-1) (PRT over) (PP-LOC at (NP (NP a bank) (PP of (NP telephone booths)) (PP-LOC (ADVP just) off (NP Exit 10))))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ It) (VP sounded (PP like (NP (NP something) (PP out (PP of (NP Ian Fleming)))))) , '') (NP-SBJ Mr. Engelken) (VP recalls (S *T*-1)) .)) (TOP (S (PP-LOC At (NP the appointed exit)) , (S (NP-SBJ the family) (VP pulled (ADVP-DIR over))) , and (S (NP-SBJ-1 Mrs. Engelken) (VP went (S (NP-SBJ *-1) (VP to (VP get (NP her papers)))))) .)) (TOP (S (NP-SBJ Mr. Engelken) (VP (VP turned (PRT off) (NP the motor)) and (VP rolled (PRT down) (NP the window))) .)) (TOP (S (PP-TMP In (NP (NP a matter) (PP of (NP minutes)))) , (NP-SBJ she) (VP was (ADVP-PRD back) , (PP-MNR with (NP (NP a tall , silver-haired man) (PP in (NP tow))))) .)) (TOP (S (NP-SBJ She) (VP (VP crouched (ADVP down) (PP-LOC by (NP the car window))) and (VP addressed (NP her husband) (PP-MNR with (NP her favorite nickname)))) :)) (TOP (FRAG-1 `` (NP-VOC Bertie) , '' (PRN (S (NP-SBJ she) (VP said (FRAG *T*-1)))) , `` (NP Happy 50th Birthday) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD Bobby Thomson)) . '')) (TOP (SINV (S-TPC-2 `` And (NP-LOC-PRD-1 there) (NP-SBJ he) (VP was (NP-LOC-PRD *-1)) , '') (VP recalls (S *T*-2)) (NP-SBJ Mr. Engelken) .)) (TOP (NP `` (NP (NP The hero) (PP of (NP my youth))) , (NP (NP the one person) (PP in (NP history)) (SBAR (WHNP-2 0) (S (NP-SBJ-1 I) (VP 'd (VP (ADVP most) like (S (NP-SBJ *-1) (VP to (VP meet (NP *T*-2))))))))) .)) (TOP (S (S (NP-SBJ *) (VP Keep (NP your (NX (NX Thomas Jeffersons) , or (NX St. Augustines) or (NX Michelangelos))))) ; (S (NP-SBJ I) (VP 'd (VP take (NP (NP baseball 's) Flying Scot) (PP-MNR without (NP hesitation))))) . '')) (TOP (S (NP-SBJ They) (VP talked (PP-CLR of (NP the home run))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ I) (VP thought (SBAR 0 (S (NP-SBJ it) (VP was (PP-PRD in (NP the upper deck)))))) , '') (VP said (S *T*-1)) (NP-SBJ (NP Bobby Thomson) , (ADJP (ADVP-TMP now) (NP 66 years) old)) .)) (TOP (S (NP-SBJ They) (VP talked (PP-CLR of (NP the aftermath))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ I) (ADVP-TMP never) (VP thought (SBAR 0 (S (NP-SBJ it) (VP would (VP become (ADJP-PRD so momentous)))))) , '') (NP-SBJ Bobby) (VP remarked (S *T*-1)) .)) (TOP (S-1 (NP-SBJ-2 Mr. Engelken) (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ his wife)) ,) (VP `` was (VP overwhelmed (NP *-2) (PP by (NP-LGS the whole thing)))) .)) (TOP (S (NP-SBJ It) (VP was (PP-PRD worth (NP it)) , (PP (ADVP just) for (NP (NP the look) (PP-LOC on (NP (NP Albert 's) face))))) . '')) (TOP (S (NP-SBJ-1 The two men) (VP spent (NP-TMP-CLR an hour) (PP-LOC at (NP Exit 10)) , (S-ADV (NP-SBJ *-1) (VP rehashing (NP the event))) , (S-ADV-2 `` (NP-SBJ *-1) (VP fulfilling (NP (NP the lifelong dream) (PP of (NP (NP a young boy) (VP (ADVP-TMP now) turned (NP *) (NP-CLR 50)))))) , '' (PRN (S (NP-SBJ Mr. Engelken) (VP says (S *T*-2)))))) .)) (TOP (S (NP-SBJ His hero) (VP (VP signed (NP (NP photographs) (PP of (NP the homer)))) and (VP (ADVP-MNR diplomatically) called (S (NP-SBJ Ralph Branca) `` (NP-PRD a (ADJP very fine) pitcher)))) . '')) (TOP (S And (SBAR-TMP (WHADVP-6 when) (S (NP-SBJ Mr. Engelken) (VP asked (NP him) (SBAR (WHADVP-5 why) (S (NP-SBJ he) (VP took (NP (NP time) (PP *ICH*-1) (PP *ICH*-2)) (PRT off) (PP-1 from (NP work)) (PP-2 for (NP (NP somebody) (SBAR (WHNP-4 0) (S (NP-SBJ he) (VP did n't (VP (ADVP even) know (NP *T*-4))))))) (ADVP-PRP *T*-5)))) (ADVP-TMP *T*-6)))) , (NP-SBJ Bobby Thomson) (VP replied : (S `` (NP-SBJ You) (VP know , (NP-VOC Albert) , (SBAR 0 (S (SBAR-ADV if (S (NP-SBJ you) (VP have (NP the chance (S *ICH*-3)) (PP-TMP in (NP life)) (S-3 (NP-SBJ *) (VP to (VP make (S (NP-SBJ somebody) (ADJP-PRD this happy)))))))) , (NP-SBJ you) (VP have (NP an obligation (S (NP-SBJ *) (VP to (VP do (NP it))))))))))) . '')) (TOP (S (PP-LOC In (NP an interview)) , (NP-SBJ (NP Mr. Thomson) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP (VP is (VP married (NP *-2))) and (VP has (NP three grown children))))) ,) (VP says (SBAR 0 (S (NP-SBJ he) (VP has (NP (NP few ties) (PP to (NP baseball)) (ADVP *ICH*-3)) (NP-TMP these days) , (ADVP-3 other (PP than (S-NOM (NP-SBJ *) (VP playing (NP old-timers games) (ADVP-TMP now and again))))))))) .)) (TOP (S But (NP-SBJ his fans) , (PP to (NP his constant amazement)) , (ADVP-TMP never) (VP let (S (NP-SBJ him) (VP forget (NP the famous four-bagger)))) .)) (TOP (S (NP-SBJ His mail) (VP (VP (ADVP-TMP regularly) recalls (NP `` my one event , '')) and (VP has (VP been (VP growing (PP-TMP in (NP recent years)))))) .)) (TOP (S (PP In (NP (NP response) (PP to (NP the letters)))) , (NP-SBJ Mr. Thomson) (VP (VP (ADVP usually) sends (NP (NP an autographed photo) (PP with (NP a polite note)))) , and (VP (ADVP-TMP rarely) arranges (NP a rendezvous))) .)) (TOP (S But (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 Betsy Engelken) (VP wrote (NP-CLR him) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ she) (VP could (VP stop (PP-LOC near (NP his New Jersey home)))))))) (ADVP-TMP-3 *T*-2)))) , (NP-SBJ it) (VP seemed (ADJP-PRD different)) .)) (TOP (S `` (SBAR-TPC-4 (WHNP-2 What a good feeling) (S (NP-SBJ (NP it) (SBAR *EXP*-3)) (VP would (VP be (NP-PRD *T*-2) (SBAR-3 for (S (NP-SBJ me) (VP to (VP do (NP that))))))))) , '' (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ he) (VP thought (SBAR *T*-4))))) .)) (TOP (S (SBAR-TMP (WHADVP-3 When) (S (NP-SBJ the Engelken family) (VP got (ADVP-CLR back) (PP-CLR from (NP (NP its trip) (ADVP-LOC up north))) (ADVP-TMP *T*-3)))) , (NP-SBJ-2 Mr. Engelken) (VP wrote (NP it all) (PRT down) , (S-PRP (NP-SBJ *-2) (ADVP just) (VP to (VP make (ADJP sure (SBAR 0 (S (NP-SBJ-1 no detail) (VP was (VP missed (NP *-1)))))))))) .)) (TOP (S-1 `` (PP On (NP the way home)) (PRN , '' (S (NP-SBJ his notes) (VP recall (S *T*-1))) ,) `` (NP-SBJ it) (VP took (NP concentrated effort (S (NP-SBJ *) (VP to (VP keep (NP (NP that car) (VP pointed (NP *) (ADVP-DIR south)))))))) .)) (TOP (S (NP-SBJ My mind) (VP was (UCP-LOC-PRD (ADVP (NP-ADV miles) north) (PP at (NP (NP a place) (VP called (S (NP-SBJ *) (NP-PRD (NP Coogan 's) Bluff))) , (SBAR (WHADVP-2 where) (S (NP-SBJ a real sports hero) (VP had (VP captured (NP (NP the imagination) (PP of (NP (NP a kid) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP (ADVP-TMP never) (ADVP-MNR fully) grew (PRT up)) and (VP is (NP-PRD (NP all the richer) (PP for (NP it)))))))))) (ADVP *T*-2))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ *) (VP Take (NP heart) , (NP-VOC sports fans))) , '' (NP-SBJ he) (VP wrote (S *T*-1)) .)) (TOP (S `` (NP-SBJ Real heroes) (VP exist) .)) (TOP (S (NP-SBJ You) (VP might not (VP find (NP one) (PP-LOC in (NP the ` Jurisprudence ' column)))) .)) (TOP (SBARQ But (WHNP-1 who) (SQ (NP-SBJ *T*-1) (VP knows)) ?)) (TOP (S (NP-SBJ You) (VP might (VP meet (PRT up) (PP-CLR with (NP him)) (PP-LOC at (NP (NP that bank) (PP of (NP (NP telephone booths) (PP-LOC (ADVP just) off (NP (NP Exit 10) (PP of (NP the New Jersey Turnpike)))))))))) .)) (TOP (S (NP-SBJ Southam Inc.) (VP said (SBAR 0 (S (NP-SBJ (NP its unprofitable weekly newspaper) , (NP (NP The Financial Times) (PP of (NP Canada))) ,) (VP is (PP-PRD up (PP for (NP sale))))))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the announcement) , (NP (NP the latest) (PP in (NP (NP a series) (PP of (NP (NP divestitures) and (NP restructuring moves)))))) ,) (VP is (VP aimed (NP *-1) (PP-CLR at (S-NOM (NP-SBJ *) (VP improving (NP (NP Southam 's) earnings) (PP-TMP before (NP (NP (NP the expiration) (PP *ICH*-2)) (PP-TMP in (NP June)) (PP-2 of (NP (NP a standstill pact) (PP with (NP Torstar Corp)))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ that agreement) (VP expires (ADVP-TMP *T*-1)))) , (NP-SBJ-2 Torstar) (VP will (VP be (ADJP-PRD free (S (S (NP-SBJ *-2) (VP to (VP increase (NP (NP its (ADJP 22.4 %) stake) (PP-LOC in (NP Southam)))))) , or (S (NP-SBJ *-2) (VP to (VP make (NP (NP an offer) (PP for (NP the whole company)))))))))) .)) (TOP (S (NP-SBJ (NP Descendants) (PP of (NP the Southam family))) (VP hold (NP (NP an additional (ADJP 22.6) % stake) (PP in (NP (NP the Toronto-based company) , (NP (NP Canada 's) largest newspaper publisher))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ The newspaper) (VP could (VP fetch (NP (NP (QP between 15 million and 20 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 12.8 million to $ 17.1 million) *U*) -RRB-))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP one analyst) , (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP asked (S not (NP-SBJ-4 *-3) (VP to (VP be (VP identified (NP *-4))))))))) .)) (TOP (S (NP-SBJ-3 (NP A spokesman) (PP for (NP Southam))) (VP declined (S (NP-SBJ *-3) (VP to (VP comment (PP-CLR (PP on (NP (NP the price) (SBAR (WHNP-2 0) (S (NP-SBJ the company) (VP is (VP seeking (NP *T*-2))))))) or (PP on (NP (NP estimates) (PP of (NP (NP (NP the paper 's) annual losses) , (SBAR (WHNP-1 which) (S (NP-SBJ most analysts) (VP place (NP *T*-1) (PP-CLR at (NP (QP between C$ 4 million and C$ 7 million) *U*)))))))))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ Southam) (VP reported (NP (NP (NP third-quarter earnings) (PP of (NP (QP C$ 10.8 million) *U*))) (PP on (NP (NP revenue) (PP of (NP (QP C$ 395.4 million) *U*)))) , (ADVP down (PP from (NP (NP (QP C$ 14.6 million) *U*) (PP on (NP (NP revenue) (PP of (NP (QP C$ 389.6 million) *U*)) (PP-TMP in (NP the year-ago quarter))))))))) .)) (TOP (SINV (S-TPC-2 `` (S (S-PRP (NP-SBJ *-1) (VP To (VP be (ADJP-PRD profitable)))) , (NP-SBJ-1 the paper) (VP requires (NP more circulation))) and (S (NP-SBJ building circulation) (VP is (NP-PRD an expensive undertaking))) , '') (VP said (S *T*-2)) (NP-SBJ (NP John Macfarlane) , (NP (NP the paper 's) publisher)) .)) (TOP (S (NP-SBJ Southam) (VP said (SBAR 0 (S (NP-SBJ (NP the level) (PP of (NP (NP future investment) (VP required (NP *) (PP by (NP-LGS the paper)))))) (VP would (VP have (VP restricted (NP (NP its options) (PP-LOC in (NP other areas))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The acquisition) (PP of (NP (NP the Financial Times) (PP of (NP Canada))))) (VP is `` (PP-PRD (ADVP well) within (NP reach)) (PP for (NP (NP any number) (PP of (NP (NP media companies) , (ADJP both public and private)))))) , '') (VP said (S *T*-1)) (NP-SBJ (NP James Cole) , (NP (NP an analyst) (PP with (NP Toronto-based BBN James Capel Inc)))) .)) (TOP (S (NP-SBJ Possible bidders) (VP include (NP (NP Christopher Ondaatje) , (NP (NP a Toronto financier) and (NP (NP vice chairman) (PP of (NP (NP Hees International Bancorp Inc.) , (NP (NP a holding company) (VP controlled (NP *) (PP by (NP-LGS (NP Toronto 's) Bronfman family)))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Ondaatje) (VP (VP sold (NP (NP his stake) (PP in (NP Pagurian Corp.))) (PP-CLR to (NP Hees)) (ADVP-TMP earlier (NP this year))) and (VP is (VP said (S (NP-SBJ *-1) (VP to (VP be (VP seeking (NP a media acquisition)))))))) .)) (TOP (S (S (NP-SBJ-1 Mr. Ondaatje) (VP could n't (VP be (VP reached (NP *-1) (PP-CLR for (NP comment)))))) , but (S (NP-SBJ (NP Roy Mac-Laren) , (NP (NP chairman) (PP of (NP (NP CB Media) , (NP (NP a (ADJP closely held) concern) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP publishes (NP two business magazines)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ his company) (VP would (VP take (NP (NP a close look) (PP at (NP the newspaper))))))))) .)) (TOP (S (NP-SBJ Mr. Cole) (VP said (SBAR 0 (S (NP-SBJ (NP the sale) (PP of (NP (NP the 77-year Financial Times) , (SBAR (WHNP-1 which) (S (NP-SBJ Southam) (VP has (VP owned (NP *T*-1) (PP-TMP since (NP 1961)))))) ,))) (VP is (ADJP-PRD consistent (PP with (NP (NP (NP Southam 's) strategy) (PP of (S-NOM (NP-SBJ-2 *) (VP cutting (NP costs) (S-PRP (NP-SBJ-3 *-2) (VP to (VP obtain (NP maximum profits) (PP-CLR from (NP its operations)) (SBAR-TMP while (S (NP-SBJ *-3) (VP disposing (PP-CLR of (NP `` chronically under-performing '' assets)))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Southam) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP (NP its (ADJP 47 %) stake) (PP in (NP (NP Selkirk Communications Ltd.) , (NP a broadcasting concern) ,))) (PP-CLR to (NP Maclean Hunter Ltd.)) (PP-CLR for (NP (QP about C$ 285 million) *U*)) (NP-TMP last year))))) .)) (TOP (S (NP-TMP This year) , (NP-SBJ-1 it) (VP has (VP moved (S (NP-SBJ-2 *-1) (VP to (VP cut (NP (NP costs) (PP in (NP its newspaper division))) (PP through (NP (NP layoffs) and (NP asset sales))) , (SBAR-TMP while (S (NP-SBJ *-2) (VP reaching (NP (NP joint venture and acquisition agreements) (PP-LOC in (NP other areas))))))))))) .)) (TOP (S (NP-SBJ (NP The Financial Times) (PP of (NP Canada))) (VP has (NP (NP no links) (PP to (NP (NP the British daily newspaper) , (NP The Financial Times))))) .)) (TOP (S (NP-SBJ Norton Co.) (VP said (SBAR 0 (S (NP-SBJ (NP net income) (PP for (NP the third quarter))) (VP fell (NP-EXT 6 %) (PP-DIR to (NP (NP (QP $ 20.6 million) *U*) , or (NP (NP 98 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 22 million) *U*) , or (NP (NP $ 1.03 *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ (NP Operating profit) (PP for (NP the abrasives , engineering materials and petroleum services concern))) (VP was (NP-PRD (NP (QP $ 19.2 million) *U*) , or (NP (NP 91 cents) (NP-ADV a share))) , (ADVP up (NP 3 %) (PP from (NP (NP (QP $ 18.7 million) *U*) , or (NP (NP 87 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ The company) (VP had (NP (NP a tax credit) (PP of (NP (QP $ 1.4 million) *U*)))) .)) (TOP (S (PP-TMP In (NP the year-earlier quarter)) , (NP-SBJ the tax credit) (VP was (NP-PRD (QP $ 3.3 million) *U*)) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 8 %) (PP-DIR to (NP (QP $ 368.5 million) *U*)) (PP-DIR from (NP (QP $ 340.7 million) *U*))) .)) (TOP (S (NP-SBJ (NP Operating profit) (PP-LOC in (NP (NP the company 's) abrasives segment))) (VP rose (NP-EXT 16 %) (SBAR-TMP while (S (NP-SBJ (NP operating profit) (PP-LOC in (NP the engineering materials segment))) (VP rose (NP-EXT 2 %))))) .)) (TOP (S (ADVP However) , (NP-SBJ-1 (NP the company 's) petroleum services segment) , (ADVP while (ADJP profitable)) , (VP was (VP hurt (NP *-1) (PP by (NP-LGS (NP high financing costs) (VP associated (NP *) (PP-CLR with (NP (NP (NP the company 's) buy-out) (PP of (NP (NP a (ADJP 50 %) stake) (PP-LOC in (NP Eastman Christensen Co.)))) (PP from (NP Texas Eastern Corp.)) (NP-TMP last June)))))))) .)) (TOP (S (NP-SBJ (NP Norton) and (NP Texas Eastern)) (VP had each (VP held (NP (NP a (ADJP 50 %) stake) (PP in (NP Eastman))) (PP-MNR in (NP a joint venture)))) .)) (TOP (S (NP-SBJ Norton) (VP announced (ADVP-TMP earlier (NP this month)) (SBAR that (S (NP-SBJ it) (VP was (VP exploring (NP (NP the possible sale) (PP of (NP (NP all or part) (PP of (NP Eastman Christensen)))))))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ Norton) (VP had (NP (NP (NP net) (PP of (NP (NP (QP $ 81.2 million) *U*) , or (NP (NP $ 3.87 *U*) (NP-ADV a share))))) , and (NP (NP a tax credit) (PP of (NP (QP $ 4.4 million) *U*))))) .)) (TOP (S (PP-TMP In (NP the year-earlier period)) , (NP-SBJ the company) (VP had (NP (NP (NP net) (PP of (NP (NP (QP $ 77.2 million) *U*) , or (NP (NP $ 3.68 *U*) (NP-ADV a share))))) , and (NP (NP a tax credit) (PP of (NP (QP $ 7.7 million) *U*))))) .)) (TOP (S (NP-SBJ Norton) (VP had (NP (NP operating profit) (PP of (NP (NP (QP $ 76.8 million) *U*) , or (NP (NP $ 3.66 *U*) (NP-ADV a share)))) , (ADVP up (NP-EXT 11 %) (PP from (NP (NP (QP $ 69.5 million) *U*) , or (NP (NP $ 3.31 *U*) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 8 %) (PP-DIR to (NP (QP $ 1.15 billion) *U*)) (PP-DIR from (NP (QP $ 1.06 billion) *U*))) .)) (TOP (S (NP-SBJ-2 (NP Y.J. Park) and (NP her family)) (VP (VP scrimped (PP-TMP for (NP four years)) (S-PRP (NP-SBJ *-2) (VP to (VP buy (NP a tiny apartment) (ADVP-LOC here))))) , but (VP found (SBAR that (S (SBAR-ADV (X the closer) (S (NP-SBJ-3 they) (VP got (S (NP-SBJ *-3) (VP to (VP saving (NP (NP the $ 40,000 *U*) (SBAR (WHNP-1 0) (S (NP-SBJ they) (ADVP originally) (VP needed (NP *T*-1))))))))))) , (X the more) (NP-SBJ the price) (VP rose))))) .)) (TOP (S (PP-TMP By (NP this month)) , (NP-SBJ it) (VP had (VP (ADVP more than) doubled)) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ (NP the 33-year-old housewife) , (SBAR (WHNP-1 whose husband) (S (NP-SBJ *T*-1) (VP earns (NP a modest salary) (PP-CLR as (NP (NP an assistant professor) (PP of (NP economics))))))) ,) (VP is (VP saving (ADVP-MNR harder (PP than (ADVP ever))))) .)) (TOP (S (S-TPC-2 `` (NP-SBJ-1 I) (VP am (VP determined (S (NP-SBJ *-1) (VP to (VP get (NP an apartment) (PP-TMP in (NP three years))))))) , '') (NP-SBJ she) (VP says (S *T*-2)) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD (NP all) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP (VP think (PP about (NP *T*-1))) or (VP talk (PP about (NP *T*-1)))))))) . '')) (TOP (S (PP For (NP (NP the Parks) and (NP (NP millions) (PP of (NP other young Koreans))))) , (NP-SBJ (NP the long-cherished dream) (PP of (NP home ownership))) (VP has (VP become (NP-PRD a cruel illusion))) .)) (TOP (S (PP For (NP the government)) , (NP-SBJ it) (VP has (VP become (NP-PRD a (ADJP highly volatile) political issue))) .)) (TOP (S (NP-TMP Last May) , (NP-SBJ a government panel) (VP released (NP (NP a report) (PP on (NP (NP the extent and causes) (PP of (NP the problem)))))) .)) (TOP (S-1 (PP-TMP During (NP the past 15 years)) (PRN , (S (NP-SBJ the report) (VP showed (SBAR 0 (S *T*-1)))) ,) (NP-SBJ housing prices) (VP increased (ADJP-CLR nearly fivefold)) .)) (TOP (S (NP-SBJ The report) (VP laid (NP the blame) (PP-CLR-LOC on (NP (NP speculators) , (SBAR (WHNP-1 who) (S (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ *T*-1) (VP had (VP pushed (NP land prices) (ADVP-DIR up (ADJP ninefold)))))))))))) .)) (TOP (S (NP-SBJ The panel) (VP found (SBAR that (S (PP-TMP since (NP 1987)) , (NP-SBJ real-estate prices) (VP rose (NP-ADV nearly 50 %) (PP in (NP (NP a speculative fever) (VP fueled (NP *) (PP by (NP-LGS (NP economic prosperity) , (NP the 1988 Seoul Olympics) and (NP (NP the government 's) pledge (S (NP-SBJ *) (VP to (VP (ADVP-MNR rapidly) develop (NP (NP Korea 's) southwest)))))))))))))) .)) (TOP (S (NP-SBJ The result) (VP is (SBAR-PRD that (S (NP-SBJ (NP those) (ADJP rich enough (S (NP-SBJ *) (VP to (VP own (NP (NP any real estate) (ADVP at all))))))) (VP have (VP boosted (NP their holdings) (ADVP-MNR substantially)))))) .)) (TOP (S (PP For (NP (NP those) (PP with (NP no holdings)))) , (NP-SBJ (NP the prospects) (PP of (S-NOM (NP-SBJ *) (VP buying (NP a home))))) (VP are (ADJP-PRD ever slimmer)) .)) (TOP (S-1 (S (PP-TMP In (NP 1987)) , (NP-SBJ (NP a quarter) (PP of (NP the population))) (VP owned (NP (NP 91 %) (PP of (NP (NP (NP the nation 's) 71,895 square kilometers) (PP of (NP private land))))))) , (PRN (S (NP-SBJ the report) (VP said (SBAR 0 (S *T*-1)))) ,) and (S (NP-SBJ (NP 10 %) (PP of (NP the population))) (VP owned (NP (NP 65 %) (PP of (NP (NP the land) (VP devoted (NP *) (PP-CLR to (NP housing)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP the government 's) Land Bureau) (VP reports (SBAR that (S (NP-SBJ (NP (QP only about a third)) (PP of Korean families)) (VP own (NP their own homes))))) .)) (TOP (S (NP-SBJ Rents) (VP have (VP soared (PP-MNR along (PP with (NP house prices))))) .)) (TOP (S (NP-SBJ (NP Former National Assemblyman Hong Sa-Duk) , (NP now a radio commentator) ,) (VP says (SBAR 0 (S (NP-SBJ the problem) (VP is (ADJP-PRD intolerable) (PP for (NP many people)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 'm (ADJP-PRD afraid (PP of (NP a popular revolt))) (SBAR-ADV if (S (NP-SBJ this situation) (VP is n't (VP corrected)))))) , '' (NP-SBJ he) (VP adds (S *T*-1)) .)) (TOP (S (PP In (NP fact)) , (PP-TMP during (NP the past three months)) (NP-SBJ there) (VP have (VP been (NP-PRD (NP several demonstrations) (PP-LOC (PP at (NP (NP the office complex) (SBAR (WHADVP-2 where) (S (NP-SBJ-1 the Land Bureau) (VP is (VP housed (NP *-1) (ADVP-LOC *T*-2))))))) , and (PP at (NP the National Assembly))) , (VP demanding (SBAR 0 (S (NP-SBJ the government) (VP put (NP-CLR a stop) (PP-CLR to (NP real-estate speculation))))))))) .)) (TOP (S (NP-SBJ (NP President Roh Tae Woo 's) administration) (VP has (VP been (VP studying (NP the real-estate crisis) (PP-TMP for (NP the past year)) (PP-MNR with (NP (NP an eye) (PP to (NP partial land redistribution))))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ the government) (VP took (NP three bills) (PP-DIR to (NP the National Assembly))) .)) (TOP (S (NP-SBJ-1 The proposed legislation) (VP is (VP aimed (NP *-1) (PP-CLR at (S-NOM (NP-SBJ *) (VP rectifying (NP (NP some) (PP of (NP (NP the inequities) (PP-LOC in (NP the current land-ownership system)))))))))) .)) (TOP (S (NP-SBJ (NP Highlights) (PP of (NP (NP the bills) , (SBAR as (S (NP-SBJ-2 *) (VP (ADVP-TMP currently) framed (NP *-2)))) ,))) (VP are : -- (NP-PRD (NP A restriction) (PP on (NP (NP the amount) (PP of (NP (NP real estate) (SBAR (WHNP-1 0) (S (NP-SBJ one family) (VP can (VP own (NP *T*-1))))))))) , (PP to (NP (NP (NP 660 square meters) (PP-LOC in (NP (NP the nation 's) six largest cities))) , but (NP (NP more) (PP-LOC in (NP (NP smaller cities) and (NP rural areas)))))))) .)) (TOP (S (NP-SBJ The government) (VP (VP will (VP penalize (NP offenders))) , but (VP wo n't (VP confiscate (NP property)))) .)) (TOP (NP -- (NP (NP (NP A tax) (PP of (NP (QP between 3 % and 6 %) *U*))) (PP on (NP (NP property holdings) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP exceed (NP the governmentset ceiling))))))) .)) (TOP (NP -- (NP (NP Taxes) (PP of (PP (NP (NP (QP between 15 % and 50 %) *U*) (NP-ADV a year))))) (PP on (NP (NP `` excessive '' profits) (PP from (NP (NP (NP the resale) (PP of (NP property))) , or (NP (NP the sale) (PP of (NP idle land)) (PP to (NP the government))))))) .)) (TOP (S (NP-SBJ The government) (VP defines (NP excessive profits) (PP-CLR as (NP (NP those) (PP-LOC above (NP the average)) (VP realized (NP *) (PP-CLR for (NP (NP other similar-sized properties) (PP-LOC in (NP an area)))))))) .)) (TOP (NP -- (NP-SBJ Grace periods) (VP ranging (PP-CLR from (NP (QP two to five) years)) (SBAR-TMP before (S (NP-SBJ (NP the full scope) (PP of (NP the penalties))) (VP takes (NP effect))))) .)) (TOP (S (NP-SBJ The administration) (VP says (SBAR 0 (S (NP-SBJ the measures) (VP would (VP (VP stem (NP rampant property speculation)) , (VP free (NP more land) (PP-CLR for (NP (NP (NP the government 's) ambitious housing-construction program) , (VP designed (S (NP-SBJ *) (VP to (VP build (NP (QP two million) apartments) (PP-TMP by (NP 1992))))))))) -- and , (VP (ADVP perhaps) , boost (NP (NP the popular standing) (PP of (NP President Roh))))))))) .)) (TOP (S But (NP-SBJ (NP opposition legislators) and (NP (NP others) (VP calling (PP-CLR for (NP (NP help) (PP for (NP (NP South Korea 's) renters))))))) (VP say (SBAR 0 (S (NP-SBJ-2 the proposed changes) (VP do n't (VP go (ADJP-PRD far enough (S (NP-SBJ *-2) (VP to (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD possible) (SBAR-1 for (S (NP-SBJ ordinary people) (VP to (VP buy (NP a home))))))))))))))) .)) (TOP (S (S (NP-SBJ Some) (VP want (NP (NP lower limits) (PP on (NP house sizes))))) ; (S (NP-SBJ others) (VP insist (PP-CLR on (NP (NP (ADJP progressively higher) taxation) (PP for (NP larger homes and lots)))))) .)) (TOP (S (NP-SBJ (NP (NP The Citizens Coalition) (PP for (NP Economic Justice))) , (NP (NP a public-interest group) (VP leading (NP the charge) (PP for (NP radical reform)))) ,) (VP wants (NP (NP restrictions) (PP on (NP (NP landholdings) , (NP (NP high taxation) (PP of (NP capital gains))) , and (NP (NP drastic revamping) (PP of (NP (NP the value-assessment system) (SBAR (WHPP-2 on (WHNP which)) (S (NP-SBJ-1 property taxes) (VP are (VP based (NP *-1) (PP-CLR *T*-2)))))))))))) .)) (TOP (S But (NP-SBJ (NP others) , (NP (NP large landowners) , (NP real-estate developers) and (NP business leaders)) ,) (VP say (SBAR 0 (S (NP-SBJ (NP the government 's) proposals) (VP are (ADJP-PRD intolerable))))) .)) (TOP (S (S (NP-SBJ-2 *-1) (VP Led (NP *-2) (PP by (NP-LGS (NP the Federation) (PP of (NP Korean Industries)))))) , (NP-SBJ-1 the critics) (VP are (VP lobbying (SBAR-CLR for (S (NP-SBJ the government) (VP to (VP weaken (NP its proposed restrictions and penalties))))))) .)) (TOP (S (NP-SBJ (NP Government officials) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (VP urging (NP real-estate reforms)))))) (VP (VP balk (PP-CLR at (NP (NP the arguments) (PP of (NP business leaders))))) and (VP chafe (PP-CLR at (NP their pressure)))) .)) (TOP (SINV (S-TPC-3 `` (NP-SBJ There) (VP is (NP-PRD (NP no violation) (PP of (NP (NP the capitalistic principle) (PP of (NP private property)))) (PP-LOC in (SBAR-NOM (WHNP-2 what) (S (NP-SBJ we) (VP are (VP doing (NP *T*-2)))))))) , '') (VP says (S *T*-3)) (NP-SBJ (NP Lee Kyu Hwang) , (NP (NP director) (PP of (NP (NP (NP the government 's) Land Bureau) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP drafted (NP the bills)))))))) .)) (TOP (S-1 But (PRN , (S (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the constitution) (VP empowers (S (NP-SBJ-2 the government) (VP to (VP impose (NP some controls) , (S-PRP (NP-SBJ *-2) (VP to (VP mitigate (NP (NP the shortage) (PP of (NP land)))))))))) .)) (TOP (S (NP-SBJ (NP The land) (ADJP available (PP for (NP housing construction)))) (VP stands (PP-CLR-LOC at (NP (NP (NP (QP about 46.2) square meters) (NP-ADV a person)) -- (UCP (ADJP (NP-ADV 18 %) lower (PP than (PP-LOC in (NP Taiwan)))) and (NP (NP (QP only about half) that) (PP of (NP Japan))))))) .)) (TOP (S (NP-SBJ Mr. Lee) (VP estimates (SBAR that (S (NP-SBJ (QP about 10,000) property speculators) (VP are (VP operating (PP-LOC in (NP South Korea))))))) .)) (TOP (S-2 (NP-SBJ The chief culprits) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) ,) (VP are (NP-PRD (NP (NP big companies) and (NP business groups)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP buy (NP (NP huge amounts) (PP of (NP land))) (PP `` not (PP for (NP their corporate use)) , but (PP for (NP (NP resale) (PP at (NP huge profit)))))))))) . '')) (TOP (S (NP-SBJ One research institute) (VP calculated (SBAR (SBAR that (S (NP-SBJ-1 (NP (QP as much as 67) %) (PP of (NP corporate-owned land))) (VP is (VP held (NP *-1) (PP by (NP-LGS 403 companies)))))) -- and (SBAR that (S (NP-SBJ-2 (NP (QP as little as 1.5) %) (PP of (NP that))) (VP is (VP used (NP *-2) (PP-CLR for (NP business)))))))) .)) (TOP (S (NP-SBJ (NP (NP The government 's) Office) (PP of (NP (NP Bank Supervision) and (NP Examination)))) (VP told (NP the National Assembly) (NP-TMP this month) (SBAR that (S (PP-TMP in (NP (NP the first half) (PP of (NP 1989)))) , (NP-SBJ (NP the nation 's) 30 largest business groups) (VP bought (NP (NP real estate) (VP valued (NP *) (PP-CLR at (NP (QP $ 1.5 billion) *U*)))))))) .)) (TOP (S (NP-SBJ (NP The Ministry) (PP of (NP Finance))) , (PP as (NP a result)) , (VP has (VP proposed (NP (NP a series) (PP of (NP (NP measures) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP restrict (NP (NP business investment) (PP in (NP real estate))) (ADVP-MNR (ADVP even more tightly) (PP than (NP (NP restrictions) (VP aimed (NP *) (PP-CLR at (NP individuals))))))))))))))) .)) (TOP (S (PP-LOC Under (NP those measures)) , (NP-SBJ-1 financial institutions) (VP would (VP be (VP restricted (NP *-1) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP owning (NP (NP any more real estate) (SBAR than (S (NP-SBJ they) (VP need (PP-PRP for (NP their business operations)))))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Banks) , (NP investment and credit firms)) (VP would (VP be (VP permitted (S (NP-SBJ *-1) (VP to (VP own (NP (NP land) (ADJP equivalent (PP in (NP value)) (PP to (NP (NP 50 %) (PP of (NP their capital))))))))))))) -- (S (ADVP-TMP currently) (NP-SBJ the proportion) (VP is (NP-PRD 75 %))) .)) (TOP (S (NP-SBJ-1 (NP The maximum allowable property holdings) (PP for (NP insurance companies))) (VP would (VP be (VP reduced (NP *-1) (PP-CLR to (NP (NP 10 %) (PP of (NP their total asset value)))) , (ADVP down (PP from (NP 15 %) (ADVP-TMP currently)))))) .)) (TOP (S But (NP-SBJ Mrs. Park) (VP acknowledges (SBAR that (S (SBAR-ADV even if (S (NP-SBJ-1 the policies) (VP work (S-PRP (NP-SBJ *-1) (VP to (VP slow or stop (NP speculation))))))) , (NP-SBJ-2 apartment prices) (VP are (ADJP-PRD unlikely (S (NP-SBJ *-2) (VP to (VP go (PRT down))))))))) .)) (TOP (S-1 (PP At best) (PRN , (S (NP-SBJ she) (VP realizes (SBAR 0 (S *T*-1)))) ,) (NP-SBJ they) (VP will (VP rise (ADVP-MNR (ADVP more slowly) -- (ADVP (ADVP more slowly) (PRN , (S (NP-SBJ she) (VP hopes (SBAR 0 (S *T*-1)))) ,) (PP than (NP (NP her family 's) income)))))) .)) (TOP (S (NP-SBJ (NP CAMBREX Corp.) , (NP-LOC (NP Bayonne) , (NP N.J.)) ,) (VP declared (S (NP-SBJ (NP its initial quarterly) (PP of (NP (NP five cents) (NP-ADV a share)))) , (ADJP-PRD payable (NP-TMP Dec. 1) (PP to (NP (NP stock) (PP of (NP (NP record) (NP-TMP Nov. 10)))))))) .)) (TOP (S (NP-SBJ (NP The maker) (PP of (NP specialty chemicals))) (VP has (NP (NP (QP about 5.9 million) shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ the move) (VP recognizes (NP its strong financial position))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ profits) (VP were (VP `` squeezed '' (PP-TMP in (NP 1989)) , (PP-PRP (ADVP mainly) as (NP (NP a result) (PP of (NP higher raw-material costs)))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (ADJP-PRD confident (PP about (NP (NP (NP future earnings) and (NP cash flow)) (PP for (NP 1990 and beyond))))))))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) (NP-TMP yesterday) , (NP-SBJ-1 Cambrex shares) (VP rose (NP-EXT 50 cents) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP $ 13 *U*) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ The Justice Department) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP is (VP seeking (S (NP-SBJ *-2) (VP to (VP join (NP (NP a private lawsuit) (VP challenging (NP (NP (NP a Pittsburgh suburb 's) zoning ordinance) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (ADVP-MNR sharply) restricts (NP (NP the locations) (ADJP available (PP to (NP (NP group homes) (PP for (NP the handicapped)))))))))))))))))))) .)) (TOP (S (NP-SBJ This) (VP would (VP be (NP-PRD (NP (NP the department 's) first suit) (VP challenging (NP a local zoning ordinance) (PP-LOC under (NP (NP 1988 amendments) (PP to (NP the Fair Housing Act)))))))) .)) (TOP (S (PP Under (NP (NP those amendments) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP took (NP effect) (PP-TMP in (NP (NP March) (PP of (NP this year))))))) ,)) (NP-SBJ the federal government) (VP can (VP intervene (PP-CLR in (NP private housing-discrimination lawsuits)))) .)) (TOP (S (NP-SBJ The ordinance) , (PP-LOC in (NP Moon Township)) , (VP prohibits (S (NP-SBJ *) (VP locating (NP (NP a group home) (PP for (NP the handicapped))) (PP-LOC-CLR within (NP (NP a mile) (PP of (NP another such facility))))))) .)) (TOP (S (PP-LOC In (NP (NP papers) (VP filed (NP *) (PP-CLR with (NP (NP the federal district court) (PP-LOC in (NP Pittsburgh))))))) , (NP-SBJ the Justice Department) (VP alleged (SBAR that (S (NP-SBJ the ordinance) , (PP-MNR by (S-NOM (NP-SBJ *) (VP limiting (NP (NP the number) (PP of (NP (NP group homes) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP can (VP be (VP established (NP *-1) (PP-LOC in (NP the township))))))))))))) , (VP makes (S (NP-SBJ housing) (ADJP-PRD unavailable (PP-PRP on (NP (NP account) (PP of (NP handicap)))))))))) .)) (TOP (S (NP-SBJ-1 The private suit) (VP was (VP brought (NP *-1) (PP by (NP-LGS (NP three (ADJP mentally retarded) people) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP live (PP-LOC in (NP (NP a group home) (PP-LOC in (NP Moon))))))))))) .)) (TOP (S (NP-SBJ (NP Greg Smith) , (NP Moon Township manager) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the ordinance) (VP is (VP intended (S (NP-SBJ *-1) (VP to (VP prevent (NP (NP the concentration) (PP of (NP (NP group homes) (PP for (NP the (ADJP mentally retarded)))))) (PP-CLR from (S-NOM (NP-SBJ *) (VP changing (NP (NP `` the character and flavor) (PP of (NP the neighborhood)))))))))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the ordinance) (ADVP also) (VP will (VP benefit (NP the (ADJP mentally retarded))))))) .)) (TOP (S (S-TPC-3 `` (NP-SBJ Our intent) (VP is (S-PRD (NP-SBJ-1 *) (VP to (VP spread (NP them) (PRT out) '' (S-PRP (NP-SBJ *-1) (VP to (VP insure (SBAR 0 (S (NP-SBJ-2 they) (VP are (VP (ADVP well) integrated (NP *-2) (PP-CLR into (NP the community)))))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (S (NP-SBJ-1 (ADJP Energetic and concrete) action) (VP has (VP been (VP taken (NP *-1) (PP-LOC in (NP Colombia)) (PP-TMP during (NP the past 60 days)) (PP-CLR against (NP (NP the mafiosi) (PP of (NP the drug trade)))))))) , but (S (NP-SBJ it) (VP has not (VP been (ADJP-PRD sufficiently effective) , (SBAR-PRP because (S , (ADVP unfortunately) , (NP-SBJ it) (VP came (ADVP-TMP too late))))))) .)) (TOP (S (NP-TMP Ten years ago) , (NP-SBJ (NP the newspaper El Espectador) , (SBAR (WHPP-1 of (WHNP which)) (S (NP-SBJ my brother Guillermo) (VP was (NP-PRD (NP editor) (PP *T*-1)))))) , (VP began (VP warning (PP-CLR of (NP (NP the rise) (PP (PP of (NP the drug mafias)) and (PP of (NP (NP their leaders ') aspirations (S (NP-SBJ *) (VP to (VP control (NP (NP Colombian politics) , (NP especially the Congress)))))))))))) .)) (TOP (S (S (ADVP-TMP Then) , (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ (NP it) (S *EXP*-1)) (VP would (VP have (VP been (ADJP-PRD easier) (S-1 (NP-SBJ *) (VP to (VP resist (NP them)))) (ADVP-TMP *T*-4)))))) , (NP-SBJ-2 nothing) (VP was (VP done (NP *-2)))) and (S (NP-SBJ-3 my brother) (VP was (VP murdered (NP *-3) (PP by (NP-LGS the drug mafias)) (ADVP-TMP (NP three years) ago)))) .)) (TOP (S (NP-SBJ The (ADJP most ruthless) dictatorships) (VP have not (VP censored (NP their press) (ADVP-MNR (ADVP more brutally) (SBAR than (S (NP-SBJ the drug mafias) (VP censor (NP Colombia 's))))))) .)) (TOP (S (NP-SBJ-1 The censorship) (VP is (VP enforced (NP *-1) (PP-MNR through (NP terrorism and assassination)))) .)) (TOP (S (PP-TMP In (NP the past 10 years)) (NP-SBJ-1 (QP about 50) journalists) (VP have (VP been (VP (VP silenced (NP *-1) (ADVP-TMP forever)) , (VP murdered (NP *-1))))) .)) (TOP (S (PP-TMP Within (NP the past two months)) (NP-SBJ-1 a bomb) (VP exploded (PP-LOC in (NP (NP the offices) (PP of (NP the El Espectador)) (PP-LOC in (NP Bogota)))) , (S-ADV (NP-SBJ *-1) (VP destroying (NP (NP a major part) (PP of (NP its installations and equipment)))))) .)) (TOP (S And (NP-TMP only last week) (NP-SBJ-1 (NP the newspaper Vanguardia Liberal) (PP-LOC in (NP (NP the city) (PP of (NP Bucaramanga))))) (VP was (VP-3 bombed (NP *-1))) , and (S (NP-SBJ=1-2 its installations) (VP=3 destroyed (NP *-2))) .)) (TOP (S (NP-SBJ-1 (NP Journalists) and (NP their families)) (VP are (VP (ADVP-TMP constantly) threatened (NP *-1) (SBAR-ADV as (SINV are (NP-SBJ the newspaper distribution outlets) (VP *?*))))) .)) (TOP (S (S (NP-SBJ-1 Distribution centers) (VP are (VP bombed (NP *-1)))) , and (S (NP-SBJ-2 advertisers) (VP are (VP intimidated (NP *-2)))) .)) (TOP (S (NP-SBJ-1 Censorship) (VP is (VP imposed (NP *-1) (PP by (NP-LGS terrorism)))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the Colombian media) (VP accept (NP this (ADJP new and hideous) censorship)))) (NP-SBJ there) (VP is (NP-PRD little doubt (SBAR that (S (NP-SBJ (NP the drug mafia 's) terrorism) (ADVP-TMP someday) (VP will (VP extend (PP-CLR to (NP (NP all the newspapers) (VP published (NP *) (PP-LOC in (NP the free world))))))))))) .)) (TOP (S (NP-SBJ (NP The solidarity) (PP of (NP (NP the uncensored media) (ADVP world-wide))) (PP against (NP drug terrorism))) (VP is (NP-PRD (NP the only way) (SBAR (WHADVP-1 0) (S (NP-SBJ press freedom) (VP can (VP survive (ADVP-MNR *T*-1))))))) .)) (TOP (S (NP-SBJ (NP The American people) and (NP their government)) (ADVP also) (VP woke (ADVP-CLR up) (ADVP-TMP too late) (PP-CLR to (NP (NP the menace) (SBAR (WHNP-1 0) (S (NP-SBJ drugs) (VP posed (NP *T*-1) (PP-CLR to (NP (NP the moral structure) (PP of (NP their country)))))))))) .)) (TOP (S (ADVP-TMP Even now) , (NP-SBJ (NP the American attack) (PP-LOC upon (NP this tremendous problem))) (VP is (ADJP-PRD timid (PP in (NP (NP relation) (PP to (NP (NP the magnitude) (PP of (NP the threat)))))))) .)) (TOP (S (NP-SBJ I) (VP can (VP attest (SBAR that (S (NP-SBJ-1 (NP a recent Colombian visitor) (PP to (NP the U.S.))) (VP was (VP offered (NP *-1) (NP drugs) (NP-TMP three times) (PP-LOC in (NP (NP (NP the few blocks ') walk) (PP-LOC between (NP (NP Grand Central Terminal) and (NP the Waldorf Astoria Hotel))) (PP-LOC in (NP midtown Manhattan)))))))))) .)) (TOP (S (NP-SBJ (NP Colombia alone) (PRN -- (NP (NP its government) , (NP its people) , (NP its newspapers)) --)) (VP does not (VP have (NP (NP the capacity) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP fight (NP this battle) (ADVP-MNR successfully) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (NP-SBJ-1 All drug-consuming countries) (VP must (VP (ADVP-MNR jointly) decide (S (NP-SBJ *-1) (VP to (VP combat and punish (NP (NP the consumers and distributors) (PP of (NP drugs)))))))) .)) (TOP (S (NP-SBJ (NP The U.S.) , (PP as (NP the major drug consumer)) ,) (VP should (VP lead (NP this joint effort))) .)) (TOP (S (NP-SBJ (NP (NP Reduction) , (CONJP if not) (NP the total cessation) ,) (PP of (NP drug consumption))) (VP is (NP-PRD (NP the requirement) (PP for (NP victory)))) .)) (TOP (S (NP-SBJ-1 (NP Much) (SBAR *ICH*-3)) (VP is (VP being (VP done (NP *-1) (PP-LOC in (NP Colombia)) (SBAR-3 (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP fight (NP the drug cartel mafia)))))))) .)) (TOP (S (S (NP-SBJ-1 Luxurious homes and ranches) (VP have (VP been (VP raided (NP *-1) (PP by (NP-LGS the military authorities)))))) , and (S (NP-SBJ-2 (ADJP sophisticated and powerful) communications equipment) (VP have (VP been (VP seized (NP *-2))))) .)) (TOP (S (S (NP-SBJ-1 (QP More than 300) planes and helicopters) (VP have (VP been (VP impounded (NP *-1) (PP-LOC at (NP airports)))))) , and (S (NP-SBJ-2 (NP a large number) (PP of (NP vehicles and launches))) (VP has (VP been (VP confiscated (NP *-2))))) .)) (TOP (S (NP-SBJ The military) (VP has (ADVP also) (VP captured (NP (NP enormous arsenals) (PP of (NP (ADJP powerful and sophisticated) (NP (NP weapons) , (NP explosives) and (NP other war-like materiel))))))) .)) (TOP (S (S (NP-SBJ-1 Much) (VP has (VP been (VP accomplished (NP *-1))))) and (S (NP-SBJ public opinion) (VP (ADVP-MNR decisively) supports (NP (NP the government) and (NP the army)))) -- but , (S (PP on (NP the other hand)) , (NP-SBJ-2 (NP none) (PP of (NP the key drug barons))) (VP have (VP been (VP captured (NP *-2))))) .)) (TOP (S (NP-SBJ There) (VP has (VP been (NP-PRD (NP a lot) (PP of (NP (NP talk) (SBAR that (S (NP-SBJ-1 (NP a large portion) (PP of (NP the Colombian economy))) (VP is (VP sustained (NP *-1) (PP by (NP-LGS (NP the laundering) (PP of (NP drug money))))))))))))) .)) (TOP (S (PP In (NP my opinion)) , (NP-SBJ this) (VP is not (ADJP-PRD true)) .)) (TOP (S (NP-SBJ-2 Laundered drug money) (VP has (VP served (S (NP-SBJ *-2) (ADVP only) (VP to (VP increase , (ADVP-MNR unrealistically) , (NP (NP the price) (PP of (NP real estate))) , (S-ADV (NP-SBJ *) (VP creating (NP (NP serious problems) (PP for (NP (NP low-income people) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP aspire (S (NP-SBJ *-3) (VP to (VP own (NP their own homes))))))))))))))))) .)) (TOP (S (NP-SBJ-2 Drug money) (VP has (ADVP also) (VP gone (S (NP-SBJ *-2) (VP to (VP buy (NP (NP expensive cars) , (NP airplanes) , (NP launches) and (NP (NP nightclubs) (SBAR (WHADVP-3 where) (S (NP-SBJ-1 drugs) (VP are (VP consumed (NP *-1) (ADVP-LOC *T*-3)))))))))))) .)) (TOP (S But (NP-SBJ-1 (NP most) (PP of (NP the drug money))) (VP is (VP kept (NP *-1) (PP-LOC-CLR (PP in (NP investments)) and (PP in (NP (NP financial institutions) (PP-LOC outside (NP Colombia))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ (NP the cooperation) (PP of (NP those financial institutions))) (VP is (ADJP-PRD essential (PP to (NP (NP the success) (PP of (NP the drug battle)))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP is (PP-PRD of (NP (NP (ADJP much more) importance) (PP to (NP the Colombian economy)) (PP than (NP (NP the supposed benefits) (PP of (NP laundered drug money))))))))) (VP is (NP-PRD (NP higher prices) (PP for (NP (NP Colombia 's) legitimate products)))) .)) (TOP (S (NP-SBJ (NP The price) (PP of (NP coffee))) (VP has (VP gone (ADVP down) (NP-EXT (QP almost 45) %) (PP-TMP since (NP (NP the beginning) (PP of (NP the year)))) , (PP-DIR to (NP (NP the lowest level) (PRN -LRB- (PP-TMP after (NP inflation)) -RRB-) (PP-TMP since (NP the Great Depression)))))) .)) (TOP (S (NP-SBJ Market conditions) (VP point (PP-CLR to (NP (NP (ADJP even lower) prices) (NP-TMP next year)))) .)) (TOP (S (NP-SBJ-1 The 27-year-old coffee cartel) (VP had (S (NP-SBJ-2 *-1) (VP to (VP be (VP (ADVP-MNR formally) dissolved (NP *-2) (NP-TMP this summer)))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ Colombia) (VP will (VP earn (ADJP (NP-ADV (QP $ 500 million) *U*) less (PP from (NP its coffee)) (NP-TMP this year) (PP than (NP last))))) .)) (TOP (S (S (NP-SBJ Our coffee growers) (VP face (NP (NP reductions) (PP-LOC in (NP their income))))) , and (S (NP-SBJ this) (VP tempts (S (NP-SBJ-1 them) (VP to (VP contemplate (S (NP-SBJ *-1) (VP substituting (NP coca crops) (PP-CLR for (NP coffee))))))))) .)) (TOP (S (NP-SBJ-1 U.S. interests) (ADVP-TMP occasionally) (VP try (S (NP-SBJ *-1) (VP to (VP impose (NP (NP barriers) (PP to (NP (NP the import) (PP of (NP (NP another important Colombian export) (PRN -- (NP cut flowers) --))) (PP into (NP the American market))))))))) .)) (TOP (S (NP-SBJ (NP A just price) and (NP (NP an open market) (PP for (SBAR-NOM (WHNP-1 what) (S (NP-SBJ Colombian) (VP produces and exports (NP *T*-1))))))) (VP should (VP be (NP-PRD (NP the policy) (PP of (NP the U.S))))) .)) (TOP (S (NP-SBJ-1 I) (VP take (NP-CLR advantage) (PP-CLR of (NP (NP this opportunity) (VP given (NP *) (PP-DTV to (NP me)) (PP by (NP-LGS The Wall Street Journal))))) (S-PRP (NP-SBJ *-1) (VP to (VP make (NP a plea (S *ICH*-2)) (PP-DIR to (NP (NP the millions) (PP of (NP (NP readers) (PP of (NP this newspaper)))))) , (S-2 (NP-SBJ *) (VP to (VP become (NP-PRD (NP soldiers) (ADJP dedicated (PP to (NP (NP the fight) (PP against (NP (NP the use) (PP of (NP drugs))))))))))))))) .)) (TOP (S (NP-SBJ (NP Each gram) (PP of (NP (NP cocaine) (VP consumed (NP *))))) (VP is (NP-PRD (NP a deadly bullet) (PP against (NP (NP those) (PP-LOC (PP in (NP our country)) and (PP in (NP (NP the rest) (PP of (NP the world))))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP fight (NP this terrible scourge)))))))) .)) (TOP (S (NP-SBJ (NP A crusade) (PP of (NP (INTJ NO)) (PP to (NP (NP the consumption) (PP of (NP drugs)))))) (VP is (ADJP-PRD imperative)) .)) (TOP (S (NP-SBJ Mr. Cano) (VP is (NP-PRD (NP president) (PP of (NP (NP El Espectador) , (NP (NP a newspaper) (VP founded (NP *) (PP by (NP-LGS his grandfather)))))))) .)) (TOP (S (NP-SBJ It) (VP has (NP (NP more drug users) (SBAR than (S (NP-SBJ Boston) (VP has (NP people)))))) .)) (TOP (S (NP-SBJ (NP Thirty-four thousand) (PP of (NP its children))) (VP live (PP-LOC in (NP foster homes)) , (SBAR-ADV while (S (NP-SBJ 50,000 residents) (VP have (NP (NP no homes) (ADVP at all)))))) .)) (TOP (S (S (NP-SBJ Its tax base) (VP is (VP shrinking))) , (S (NP-SBJ a (ADJP (QP $ 1 billion) *U*) budget deficit) (VP looms)) , and (S (NP-SBJ the city) (VP faces (NP (NP contract negotiations) (PP with (NP all major municipal unions))) (NP-TMP next year))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD New York City)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the dust and dirt) (VP settle (PP-LOC in (NP an extra-nasty mayoral race)) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP the man) (ADJP most likely (S (NP-SBJ *) (VP to (VP gain (NP (NP custody) (PP of (NP all this)))))))) (VP is (NP-PRD (NP a career politician) (VP named (S (NP-SBJ *) (NP-PRD David Dinkins))))) .)) (TOP (S (S (S-NOM-SBJ (NP-SBJ *) (VP Running (NP (NP the nation 's) (ADJP (ADJP largest) and (ADJP most ornery)) city))) (VP may (VP be (NP-PRD no treat)))) , but (S (PP at (ADJP least)) (NP-SBJ-2 Mr. Dinkins) (VP knows (SBAR (WHNP-1 what) (S (NP-SBJ *-2) (VP to (VP expect (NP *T*-1) (PP-CLR from (NP it)))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ the campaign) (VP hits (NP the home stretch)))) , (ADVP however) , (NP-SBJ voters) (ADVP-TMP still) (VP have (NP (NP (ADJP very little) idea) (SBAR (WHNP-1 what) (S (NP-SBJ they) (VP can (VP expect (NP *T*-1) (PP-CLR from (NP him)))))))) .)) (TOP (S (PP-TMP After (NP (NP 25 years) (PP-LOC in (NP city politics)))) , (NP-SBJ David Dinkins) (VP remains (NP-PRD an enigma)) .)) (TOP (S (NP-SBJ (NP The soft-spoken , silver-haired Manhattan borough president) (PRN -- (NP (NP the first black man) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP win (NP (NP the Democratic nomination) (PP for (NP mayor))) (NP-LOC here)))))) --)) (VP does n't (VP have (NP a single prominent political enemy))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ he) (VP is (VP (ADVP-MNR widely) described (PP-CLR as (NP (NP a man) (PP with (NP deep convictions)))))))) , (NP-SBJ he) (VP has (NP (NP few major political programs) (SBAR (WHNP-1 that) (S (NP-SBJ he) (VP can (VP call (S (NP-SBJ *T*-1) (NP-PRD his own)))))))) .)) (TOP (S (S (NP-SBJ-1 *-2) (VP Asked (NP *-1) (PP-CLR about (NP (NP his greatest achievement) (PP-LOC in (NP public life)))))) , (NP-SBJ-2 he) (ADVP-TMP first) (VP speaks (PP-CLR about (NP (NP the quality) (PP of (NP his staff))))) .)) (TOP (S (ADVP-TMP Now) , (SBAR-ADV as (S (NP-SBJ election day) (VP nears))) , (NP-SBJ even some supporters) (VP wonder (SBAR (WHNP-1 what) (S (NP-SBJ he) (VP will (VP do (NP *T*-1) (SBAR-ADV if (S (NP-SBJ he) (VP wins (NP the mayoralty) (PP-TMP on (NP Nov. 7)))))))))) .)) (TOP (S (NP-SBJ They) (VP wonder (SBAR whether (S (NP-SBJ he) (VP can (VP be (ADJP-PRD firm (PP with (NP (NP his longtime allies) , (PP including (NP (NP (NP union leaders) and (NP political cronies)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP may (VP seek (NP (NP a place) (PP-LOC at (NP the trough))))))))))))))))) .)) (TOP (S (S (NP-SBJ They) (VP wonder (SBAR whether (S (NP-SBJ he) (VP has (NP (NP the economic know-how) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP steer (NP the city) (PP-CLR through (NP a possible fiscal crisis)) (ADVP-MNR *T*-2))))))))))) , and (S (NP-SBJ they) (VP wonder (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP be (VP advising (NP him)))))))) .)) (TOP (SQ (SQ Will (NP-SBJ he) , (SBAR-ADV if (S (NP-SBJ he) (VP wins))) , (VP be (PP-PRD in (NP (NP the thrall) (PP of (NP (NP the (ADJP most liberal)) (PP of his allies) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP advocate (NP (NP such policies) (PP as (NP (NP rent control) (PP for (NP commercial buildings)))))))))))))) , or (SQ will (NP-SBJ he) (VP tilt (PP-DIR toward (NP (NP the real-estate interests) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP have (VP funneled (NP money) (PP-DIR into (NP his campaign)))))))))) ?)) (TOP (S (PP-TMP After (NP (NP his decisive primary victory) (PP over (NP Mayor Edward I. Koch)) (PP-TMP in (NP September)))) , (NP-SBJ Mr. Dinkins) (VP coasted , (PP-TMP until (NP recently)) , (PP-CLR on (NP (NP a quite-comfortable lead) (PP over (NP (NP his Republican opponent) , (NP (NP Rudolph Giuliani) , (NP (NP the former crime buster) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP proved (NP-PRD (NP a something) (PP of (NP a bust))) (PP-CLR as (NP a candidate))))))))))))) .)) (TOP (S But (NP-SBJ Mr. Dinkins) (VP has (VP stumbled (PP-TMP in (NP the past two weeks)) (PP-CLR (PP over (NP (NP (NP his campaign 's) payments) (PP to (NP (NP a black activist) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (NP-PRD a convicted kidnapper)))))))) , and (PP over (NP (NP his handling) (PP of (NP (NP a stock sale) (PP to (NP his son))))))))) .)) (TOP (S (S (NP-SBJ Polls) (ADVP also) (VP have (VP recorded (NP (NP some slippage) (PP in (NP (NP (NP Mr. Dinkins 's) support) (PP-LOC among (NP Jewish voters)))))))) , and (S (NP-SBJ citywide projections) (ADVP-TMP now) (VP put (NP his lead) (PP-PUT at (NP (QP between four and 20) percentage points)))) .)) (TOP (S (PP In (NP (NP an interview) (PP with (NP (NP reporters and editors) (PP of (NP The Wall Street Journal)))))) , (NP-SBJ Mr. Dinkins) (VP appears (ADJP-PRD quite confident (PP (PP of (NP victory)) and (PP of (NP his ability (S (NP-SBJ *) (VP to (VP handle (NP the mayoralty))))))))) .)) (TOP (S (S-TPC-1 `` (S (NP-SBJ (NP A lot) (PP of (NP people))) (VP think (SBAR 0 (S (NP-SBJ I) (VP will (VP give (PRT away) (NP the store))))))) , but (S (NP-SBJ I) (VP can (VP assure (NP you) (SBAR 0 (S (NP-SBJ I) (VP will not (VP *?*))))))) , '') (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP am (ADJP-PRD aware (SBAR 0 (S (NP-SBJ we) (VP have (NP real budgetary problems)))))) . '')) (TOP (S (NP-SBJ The city) (VP is (ADJP-PRD full (PP of (NP (NP aging (NX (NX bridges) , (NX water mains) and (NX roadways))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (PP-PRD in (NP (NP need) (PP of (NP (NP (NP (NP (NP billions) (PP of (NP dollars)))) worth) (PP of (NP repair))))))))))))) .)) (TOP (S (NP-SBJ Renewed efforts (S (NP-SBJ *) (VP to (VP fight (NP drugs and crime))))) (VP will (VP be (ADJP-PRD costly))) .)) (TOP (S But (NP-SBJ city officials) (VP say (SBAR 0 (S (NP-SBJ tax revenues) (VP are (VP lagging))))) .)) (TOP (S And (PP-TMP after (NP (NP a decade) (PP of (NP (NP explosive job growth) (PP-LOC on (NP Wall Street)))))) , (NP-SBJ (NP a period) (PP of (NP contraction))) (VP is (PP-PRD under (NP way))) .)) (TOP (S (S (NP-SBJ Mr. Koch) (ADVP-TMP already) (VP has (VP announced (SBAR 0 (S (NP-SBJ he) (VP will (VP drop (NP 3,200 jobs) (PP-CLR from (NP the city payroll))))))))) , but (S (NP-SBJ that) (VP wo n't (VP be (ADVP-PRD enough)))) .)) (TOP (S (NP-SBJ New York State Comptroller Edward Regan) (VP predicts (NP (NP (NP a (ADJP (QP $ 1.3 billion) *U*) budget gap) (PP for (NP (NP the city 's) next fiscal year))) , (NP (NP a gap) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP grow (SBAR-ADV if (S (NP-SBJ there) (VP is (NP-PRD a recession))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 *-1) (VP elected (NP *-2)))) , (NP-SBJ-1 Mr. Dinkins) (VP will (ADVP probably) (VP have (UCP (NP no choice) but (S (NP-SBJ *-1) (VP to (VP (VP raise (NP (NP taxes) (PP-LOC on (NP overburdened businesses)))) or (VP cut (NP (NP spending) (PP-LOC in (NP (ADJP already under-serviced) neighborhoods)))))))))) .)) (TOP (SINV (S-TPC-2 `` (NP-SBJ-1 He) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP face (NP a mess)))))) , '') (VP says (S *T*-2)) (NP-SBJ City Council President Andrew Stein) .)) (TOP (S `` (S (NP-SBJ His supporters) (VP are not (ADJP-PRD venal))) , but (S (S (NP-SBJ (NP their solution) (PP to (NP everything))) (VP will (VP be (S-PRD (NP-SBJ *) (VP to (VP spend (NP more money))))))) , and (S (NP-SBJ he) (VP wo n't (VP have (NP any money))))) . '')) (TOP (S (ADVP By and large) , (NP-SBJ Mr. Dinkins) (VP has (VP finessed (NP (NP the touchy question) (PP of (SBAR-NOM (WHNP-1 whose ox) (S (NP-SBJ he) (VP would (VP gore (NP *T*-1))))))))) .)) (TOP (S (PP Instead of (S-NOM (NP-SBJ *-1) (VP focusing (PP-CLR on (NP the financial future))))) , (NP-SBJ-1 Mr. Dinkins) (VP has (VP sold (NP himself) (PP-CLR (PP as (NP (NP a unifier) (PP for (NP (NP a city) (VP (ADVP-TMP recently) touched (NP *) (PP by (NP-LGS racial violence))))))) and (PP as (NP (NP a soothing antidote) (PP to (NP (NP 12 years) (PP of (NP (NP commotion) (VP generated (NP *) (PP by (NP-LGS Mayor Koch)))))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ (NP The thing) (PP about (NP the Dinkins candidacy))) (VP is (SBAR-PRD that (S (NP-SBJ it) (VP offers (NP hope) (PP-CLR to (NP (NP a broad range) (PP of (NP people)))))))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Meyer Frucher) , (NP (NP a real-estate executive) and (NP (NP former aide) (PP to (NP Gov. Mario Cuomo))))) .)) (TOP (S `` (NP-SBJ It) (VP is (NP-PRD a feel-good candidacy)) . '')) (TOP (S (NP-ADV No doubt) , (NP-SBJ Mr. Dinkins) (VP has (VP been (NP-PRD a calming influence))) .)) (TOP (S (NP-SBJ He) (VP is (NP-PRD (NP an avuncular figure) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP (VP remembers (NP (NP the birthdays) (PP of (NP (NP colleagues ') children)))) , (VP opens (NP doors) (PP for (NP women))) , and (VP (ADVP-TMP almost never) has (NP (NP a bad word) (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP say (NP (NP *T*-3) (PP about (NP anybody)))))))))))))) .)) (TOP (S (ADJP More important) , (NP-SBJ he) (VP emerged (PP-CLR as (NP a peacemaker)) (NP-TMP last summer) (PP-TMP after (NP (NP (NP (NP the Central Park rape) (PP of (NP a white jogger))) (PRN -- (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 (NP a group) (PP of (NP Harlem teens))) (VP was (VP charged (NP *-1) (PP-LOC *T*-2))))) --)) and (NP (NP the racial murder) (PP of (NP a black teen-ager)) (PP-LOC in (NP (NP the white Brooklyn neighborhood) (PP of (NP Bensonhurst)))))))) .)) (TOP (S (PP Rather than (S-NOM (NP-SBJ *-1) (VP scaring (PRT off) (NP white voters)))) , (SBAR-ADV as (S (NP-SBJ many) (VP predicted (SBAR 0 (S (NP-SBJ he) (VP would (VP *?*))))))) , (NP-SBJ-1 Mr. Dinkins) (VP attracted (NP many whites) (PP-PRP (ADVP precisely) because of (NP (NP his reputation) (PP for (S-NOM (NP-SBJ *) (VP having (NP a cool head))))))) .)) (TOP (S -LRB- (S (S-NOM-SBJ (NP-SBJ *) (VP Keeping (ADJP-PRD cool))) (VP is (NP-PRD a Dinkins priority))) : (S (PP-TMP On (NP humid days)) (NP-TMP this summer) , (NP-SBJ-1 he) (VP was (VP known (S (NP-SBJ *-1) (VP to (VP change (NP his double-breasted suits) (NP (NP (QP as many as four) times) (NP-ADV a day)))))))) . -RRB-)) (TOP (S But (PP-LOC (ADVP even) in (NP his front-runner campaign)) , (NP-SBJ he) (VP has (VP shown (NP (NP signs) (PP of (NP (NP the indecisiveness and confusion) (SBAR (WHNP-1 that) (S (NP-SBJ some) (VP say (SBAR 0 (S (NP-SBJ *T*-1) (VP (VP has (VP plagued (NP (NP his tenure) (PP as (NP Manhattan borough president))))) -- and (VP might (VP hinder (NP him) (PP-CLR as (NP mayor))))))))))))))) .)) (TOP (S (PP-TMP Over (NP the last few weeks)) , (NP-SBJ he) (VP has (VP frittered (PRT away) (NP (NP (QP roughly half)) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP was (ADVP-TMP once) (NP-PRD (NP a 33-point lead) (PP-LOC in (NP the polls)) (PP over (NP Mr. Giuliani)))))))))) .)) (TOP (S (NP-SBJ-3 (NP A story) (PP about (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ he) (VP mishandled (NP (NP the sale) (PP to (NP his son)) (PP of (NP (NP his stock) (PP in (NP (NP a media company) (VP controlled (NP *) (PP by (NP-LGS his political patron Percy Sutton)))))))) (ADVP-MNR *T*-2)))))) (VP was (VP allowed (S (NP-SBJ *-3) (VP to (VP fester (NP-TMP a full week) (SBAR-TMP before (S (NP-SBJ Mr. Dinkins) (VP faced (NP the media))))))))) .)) (TOP (S (NP-SBJ He) (VP (VP has (VP canceled (NP numerous campaign appointments))) and (VP was (ADJP-PRD (ADVP largely) inaccessible (PP to (NP the media))) (SBAR-TMP until (S (NP-SBJ the stock story) (VP broke))))) .)) (TOP (S (NP-SBJ-1 His campaign) (VP was (VP caught (S (NP-SBJ *-1) (ADJP-PRD flat-footed)) (PP-LOC amid (NP allegations (SBAR 0 (S (NP-SBJ it) (VP paid (NP (QP almost $ 10,000) *U*) (PP-CLR for (SBAR-NOM (WHNP-2 what) (S (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ *T*-2) (VP was (NP-PRD (NP a `` get-out-the-vote '' effort) (PP by (NP (NP black activist) (NP (NP Sonny Carson) , (NP (NP a convicted kidnapper) (SBAR (WHNP-3 who) (S (ADVP-TMP later) (NP-SBJ *T*-3) (VP said (ADVP-MNR publicly) (SBAR that (S (NP-SBJ he) (VP is `` (ADJP-PRD anti-white)))))))))))))))))))))))))) . '')) (TOP (S (NP-SBJ Critics) (VP have (VP said (SBAR 0 (S (NP-SBJ the payment) (VP looked (PP-CLR like (NP (NP an attempt (S *ICH*-3)) (PP by (NP the Dinkins camp)) (S-3 (NP-SBJ *) (VP to (VP get (S (NP-SBJ-1 Mr. Carson) (VP to (VP stop (S (NP-SBJ *-1) (VP leading (NP (NP (NP confrontational demonstrations) (VP protesting (NP the Bensonhurst murder))) -- (NP (NP protests) (SBAR (WHNP-2 0) (S (NP-SBJ the campaign) (VP may (VP have (VP feared (SBAR 0 (S (NP-SBJ *T*-2) (VP could (VP cause (S (NP-SBJ some white voters) (VP to (VP turn (PP-CLR from (NP a black candidate))))))))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Dinkins) (ADVP also) (VP has (VP failed (S (NP-SBJ *-1) (VP to (VP allay (NP (NP (NP Jewish voters ') fears) (PP about (NP (NP his association) (PP with (NP the Rev. Jesse Jackson)))))))) , (PP despite (NP the fact (SBAR that (S (NP-SBJ few local non-Jewish politicians) (VP have (VP been (ADVP-PRD (ADVP as vocal (PP for (NP Jewish causes)) (PP-TMP in (NP the past 20 years))) (SBAR as (S (NP-SBJ Mr. Dinkins) (VP has (VP *?*))))))))))))) .)) (TOP (S (NP-SBJ These campaign problems) (VP have (VP echoed (NP (NP difficulties) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Dinkins) (VP has (VP run (PP into (NP *T*-1)) (ADVP-TMP before)))))))) .)) (TOP (S (NP-SBJ-1 (NP A former U.S. Marine) , (NP Mr. Dinkins)) (VP got (ADVP-CLR off) (PP-CLR to (NP (NP a quick start) (PP in (NP politics)))) , (S-ADV (S (NP-SBJ *-1) (VP joining (NP a local Democratic political club) (PP-TMP in (NP the 1950s)))) , (S (NP-SBJ *-1) (VP linking (PRT up) (PP-CLR with (NP (NP black urban leaders) (PP such as (NP (NP Charles Rangel) , (NP Basil Paterson) and (NP Mr. Sutton))))))) , and (S (NP-SBJ *-1) (VP getting (S (NP-SBJ himself) (VP elected (PP-CLR to (NP the state assembly)))) (PP-TMP in (NP 1965)))))) .)) (TOP (S But (NP-SBJ-1 (NP his chance (S (NP-SBJ *) (VP to (VP become (NP-PRD deputy mayor) (PP under (NP Mayor Abraham Beame)))))) , (NP (NP a plan) (VP boosted (NP *) (PP by (NP-LGS Mr. Sutton)))) ,) (VP was (VP squandered (NP *-1) (PP-PRP because of (NP (NP Mr. Dinkins 's) failure (PRN -- (ADJP still largely unexplained) --) (S (NP-SBJ *) (VP to (VP file (NP income tax returns) (PP-TMP for (NP (NP four years) (ADJP running)))))))))) .)) (TOP (S (S-TPC-3 `` (NP-SBJ I) (ADVP-TMP always) (VP thought (PP-CLR of (NP this)) (PP-CLR as (NP (NP a thing) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP could (ADVP-TMP always) (VP be (VP done (NP *-1) (NP-TMP tomorrow))))))))) , '') (NP-SBJ he) (VP said (S *T*-3) (PP-TMP at (NP the time))) .)) (TOP (S (ADVP-TMP Later) , (NP-SBJ Mr. Dinkins) (VP became (ADJP-PRD (ADVP more deeply) indebted (PP to (NP (NP Mr. Sutton) and (NP (NP other city pols) , (PP including (NP then-City Council President Paul O'Dwyer))) ,))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ they) (VP helped (S (NP-SBJ-1 him) (VP get (VP appointed (S (NP-SBJ *-1) (NP-PRD (NP city clerk) , (NP (NP a (ADJP largely ceremonial) post) (ADJP responsible (PP for (NP (NP (NP the city 's) marriage bureau) (PRN , (PP among (NP other things)))))))))))) (ADVP-TMP *T*-2))))) .)) (TOP (S -LRB- (NP-SBJ Mr. O'Dwyer) (VP is (ADVP-TMP now) (NP-PRD (NP one) (PP of (NP (NP the lawyers) (PP for (NP (NP Mr. Sutton 's) media company)))))) . -RRB-)) (TOP (S (NP-SBJ The debt) (VP rose (ADVP further) (PP-TMP in (NP (NP 1977) (SBAR (WHADVP-2 when) (S (NP-SBJ-1 Mr. Sutton) (VP resigned (NP (NP his position) (PP as (NP Manhattan borough president))) (S-PRP (NP-SBJ *-1) (VP to (VP run (PP-CLR for (NP mayor))))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ Mr. Sutton) (VP recalls : (S `` (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ I) (VP left (ADVP-TMP *T*-1)))) , (S (NP-SBJ I) (VP sat (ADVP-CLR down) (PP-CLR with (NP (NP Charlie (PRN -LCB- (NP Rangel) -RCB-)) , (NP Basil (PRN -LCB- (NP Paterson) -RCB-)) and (NP David) ,)))) and (S (NP-SBJ David) (VP said , ` (SBARQ (WHNP-2 Who) (SQ (NP-SBJ *T*-2) will (VP run (PP-CLR for (NP borough president))) ?)) ')) And (S (NP-SBJ I) (VP said , ` (S (NP-SBJ You) (VP will (VP *?*))))))) . ' '')) (TOP (S (NP-SBJ (NP David Garth) , (NP (NP Mayor Koch 's) longtime media adviser) ,) (VP says (PP-CLR of (NP Mr. Dinkins)) , (S `` (NP-SBJ He) (ADVP really) (VP is (NP-PRD (NP the personification) (PP of (NP the patronage system)))))) .)) (TOP (S But (NP-SBJ the guy) (VP is (ADJP-PRD (ADJP so personally decent) , (SBAR 0 (S (NP-SBJ-1 people) (VP tend (S (NP-SBJ *-1) (VP to (VP forget (NP that))))))))) . '')) (TOP (S (NP-SBJ Mr. Dinkins) (VP lost (ADVP-TMP twice) (PP-MNR by (NP wide margins)) (PP-TMP before (S-NOM (NP-SBJ-1 *) (VP (ADVP-TMP finally) getting (VP elected (S (NP-SBJ *-1) (NP-PRD borough president)) (PP-TMP in (NP 1985))))))) .)) (TOP (S But (PP by (NP most accounts)) , (NP-SBJ he) (VP (VP made (NP little) (PP-CLR of (NP the post))) and (VP was (ADJP-PRD best known (PP among (NP city politicians)) (PP for (NP (NP his problems) (VP making (PRT up) (NP his mind) (PP-CLR on (NP (NP matters) (PP before (NP (NP (NP (NP the city 's) Board) (PP of (NP Estimate))) , (NP (NP the body) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP votes (PP-CLR on (NP crucial budget and land-use matters)))))))))))))))) .)) (TOP (S (NP-SBJ Colleagues) (NP-TMP today) (VP recall (PP-MNR with (NP some humor)) (SBAR (WHADVP-1 how) (S (NP-SBJ meetings) (VP would (VP crawl (PP-TMP-CLR into (NP the early morning hours)) (ADVP-MNR *T*-1) (SBAR-ADV as (S (NP-SBJ-2 Mr. Dinkins) (VP would (VP march (NP his staff) (PP-DIR (PP out (PP of (NP board meetings))) and (PP into (NP his private office))) (S-PRP (NP-SBJ *-2) (VP to (VP discuss , (NP-MNR en masse) , (NP certain controversial proposals))))))))))))) .)) (TOP (SINV (S-TPC-1 `` (S (NP-SBJ He) (VP taught (NP me) (SBAR (WHADVP-2 how) (S (NP-SBJ *) (VP to (VP drink (NP (NP herbal tea) (CONJP instead of) (NP coffee)) (PP-TMP at (NP 3 a.m.)) (ADVP-MNR *T*-2))))))) , (S (NP-SBJ I) (VP 'll (VP give (NP him) (NP that)))) , '') (VP says (S *T*-1)) (NP-SBJ Deputy Mayor Robert Esnard) .)) (TOP (S (S-TPC-2 (ADVP-TMP Often) , (NP-SBJ (NP Mr. Dinkins 's) procrastination) (VP prevented (NP him) (PP-CLR from (S-NOM (NP-SBJ *) (VP having (NP-CLR a say) (PP-CLR in (NP (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ things) (VP turned (PRT out) (ADVP-MNR *T*-1))))))))))) , (NP-SBJ critics) (VP claim (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-LOC On (NP the campaign stump)) , (NP-SBJ he) (ADVP-TMP often) (VP points (PRT out) (SBAR that (S (NP-SBJ he) (VP was (NP-PRD (NP the only (NAC Board (PP of (NP Estimate))) member) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP vote (PP-CLR against (NP (NP a controversial real-estate project) (PP-LOC at (NP (NP Manhattan 's) Columbus Circle))))))))))))) .)) (TOP (S But (NP-SBJ board members) (VP say (SBAR 0 (S (NP-SBJ-1 he) (VP took (ADJP so long (S (NP-SBJ *-1) (VP to (VP decide (SBAR (WHADVP-2 how) (S (NP-SBJ *) (VP to (VP vote (ADVP-MNR *T*-2)))))))) (SBAR that (S (PP-TMP by (NP (NP the time) (SBAR (WHADVP-3 0) (S (NP-SBJ he) (VP decided (ADVP-TMP *T*-3)))))) , (NP-SBJ it) (VP was (ADJP-PRD too late (S (NP-SBJ-4 *) (VP to (VP try (S (NP-SBJ *-4) (VP to (VP draw (NP other members) (PP-DIR to (NP his position))))))))))))))))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ one city official) : (S-1 `` (NP-SBJ Everybody else) (VP had (VP (VP brought (PRT in) (NP the wagons)) and (VP made (NP their deal))))) .)) (TOP (S (NP-SBJ He) (VP would (VP have (VP got (S (NP-SBJ-1 a lot more) (VP done (NP *-1))) (SBAR-ADV if (S (NP-SBJ he) (VP made (PRT up) (NP his mind) (ADVP-MNR faster))))))) . '')) (TOP (S (NP-SBJ-1 (NP One Board member) , (NP Bronx Borough President Ferdinand Ferrer) ,) (VP was (VP said (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD so impatient (PP with (NP (NP (NP Mr. Dinkins 's) behavior) (PP-LOC at (NP many meetings)))) (SBAR that (S (NP-SBJ he) (VP withheld (NP (NP his support) (PP for (NP (NP Mr. Dinkins 's) mayoral effort))) (PP-TMP until (ADJP late (PP in (NP the primary campaign))))))))))))) .)) (TOP (S (S (S-TPC-3 `` (NP-SBJ I) (VP had (NP (NP some problem) (PP-TMP (PP from (NP time)) (PP to (NP time))) (PP on (NP (NP the length) (PP of (NP time)) (SBAR (WHNP-1 0) (S (NP-SBJ-2 he) (VP would (VP take (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP make (PRT up) (NP his mind)))))))))))) , '') (NP-SBJ Mr. Ferrer) (VP admits (S *T*-3))) , but (S (NP-SBJ he) (VP maintains (SBAR (SBAR that (S (NP-SBJ he) (VP did n't (VP delay (NP (NP his support) (PP of (NP Mr. Dinkins))))))) and (SBAR that (S (NP-SBJ he) (VP backs (NP the Democratic candidate) (ADVP-MNR enthusiastically))))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Dinkins 's) (NP (NP campaign manager) and (NP (NP former chief) (PP of (NP staff))))) , (NP Bill Lynch) ,) (VP denies (SBAR that (S (NP-SBJ-1 the Manhattan borough president) (VP has (VP taken (ADJP too long (S (NP-SBJ *-1) (VP to (VP decide (NP important issues)))))))))) .)) (TOP (S (S-TPC-2 `` (NP-SBJ We) (VP did n't (VP rubber-stamp (NP (NP everything) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP came (PP-DIR to (NP us)))))))) , '') (NP-SBJ Mr. Lynch) (VP says (S *T*-2)) .)) (TOP (S (PP-TMP On (NP (NP some occasions) (SBAR (WHADVP-1 when) (S (NP-SBJ Mr. Dinkins) (VP has (VP discussed (NP the issues) (PP-TMP during (NP the campaign)) (ADVP-TMP *T*-1))))))) , (NP-SBJ he) (VP has (VP run (PP-CLR into (NP (NP a familiar kind) (PP of (NP trouble)))))) .)) (TOP (S (NP-SBJ Some supporters) (VP were (ADJP-PRD stunned) (NP-TMP (NP this summer) (SBAR (WHADVP-2 when) (S (NP-SBJ Mr. Dinkins) (VP suggested (S (NP-SBJ *) (VP weakening (NP (NP the law) (VP forbidding (NP-1 public employees) (S (NP-SBJ *-1) (VP to (VP go (PP-CLR on (NP strike))))))))) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ He) (VP withdrew (NP the remark)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ he) (ADVP-TMP later) (VP sided (PP-CLR with (NP striking hospital workers)) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP some allies) (ADJP *ICH*-2)) (VP cringed (NP-ADV a little more) , (ADJP-2 concerned (SBAR that (S (NP-SBJ Mr. Dinkins) (VP was (VP setting (NP (NP the wrong tone) (PP for (NP (NP coming contract negotiations) (PP with (NP city employees))))))))))) .)) (TOP (S (ADVP-TMP Then) , (PP-TMP (NP-ADV two days) before (S-NOM (NP-SBJ *) (VP receiving (NP (NP an endorsement) (PP from (NP environmental groups)))))) , (NP-SBJ Mr. Dinkins) (VP promised (SBAR 0 (S (NP-SBJ he) (VP would (VP issue (NP (NP a three-year moratorium) (PP on (NP (NP construction) (PP of (NP garbage-incinerator plants)))))))))) .)) (TOP (S (NP-SBJ-4 That announcement) (VP was (VP (ADVP-MNR roundly) criticized (NP *-4) (PP by (NP-LGS (NP Mayor Koch) (PRN -- (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP has (VP endorsed (NP Mr. Dinkins))))) --))) (SBAR-PRP because (S (NP-SBJ-5 the city) (VP (VP faces (NP a garbage crisis)) and (VP has (ADVP-TMP already) (VP spent (NP (QP $ 5 million) *U*) (S-ADV (NP-SBJ *-5) (VP planning (PP-CLR for (NP (NP an incinerator) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP would (VP be (VP scrapped (NP *-1) (PP-LOC under (NP (NP Mr. Dinkins 's) proposal)))))))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ his public statements) (VP have (PP-TMP at (NP times)) (VP been (ADJP-PRD confusing))))) , (NP-SBJ (NP Mr. Dinkins 's) position papers) (VP have (VP (ADVP more consistently) reflected (NP anti-development sentiment))) .)) (TOP (S (NP-SBJ He) (VP favors (NP (NP a form) (PP of (NP (NP commercial rent control) , (SBAR (WHNP-1 which) (S (NP-SBJ the financial community) (VP believes (SBAR 0 (S (NP-SBJ *T*-1) (VP would (VP make (S (NP-SBJ (NP it) (S *EXP*-2)) (ADJP-PRD more difficult) (S-2 (NP-SBJ *) (VP to (VP attract (NP (NP investment) (PP-LOC in (NP the city)))))))))))))))))) .)) (TOP (S (PP-TMP In (NP (NP the midst) (PP of (NP a labor shortage)))) , (NP-SBJ he) (VP proposes (S (NP-SBJ *) (VP linking (NP (NP city subsidies) (PP to (NP businesses))) (PP-CLR to (NP (NP their record) (PP of (S-NOM (NP-SBJ *) (VP hiring (NP New York City residents))))))))) .)) (TOP (S-1 (PP With (NP an untrained local labor pool)) (PRN , (S (NP-SBJ many experts) (VP believe (SBAR 0 (S *T*-1)))) ,) (NP-SBJ that policy) (VP could (VP drive (NP businesses) (PP-DIR from (NP the city)))) .)) (TOP (S And (NP-SBJ he) (VP favors (NP (NP a (ADJP more cooperative) approach) (PP toward (NP (NP the neighboring states) (PP of (NP (NP New Jersey) and (NP Connecticut))))) (PP-LOC in (NP (NP the battle) (PP over (NP (NP companies) (VP thinking (PP-CLR of (S-NOM (NP-SBJ *) (VP moving (NP employees) (PP-LOC-CLR out (PP of (NP New York City))))))))))))) .)) (TOP (S (NP-SBJ Many economic-development officials) (VP say (SBAR 0 (S (NP-SBJ (NP the Koch administration 's) aggressive approach) (VP helped (VP save (NP 5,000 Chase Manhattan Bank jobs) (PP from (S-NOM (NP-SBJ *) (VP moving (PP-LOC-CLR across (NP the Hudson)))))))))) .)) (TOP (S But (NP-SBJ-1 (NP Mr. Dinkins 's) economic planks) (VP do n't (VP seem (S (NP-SBJ *-1) (VP to (VP bother (NP (NP the business community) , (SBAR (WHADVP-2 where) (S (NP-SBJ he) (VP draws (NP significant support) (ADVP-LOC *T*-2)))))))))) .)) (TOP (S (NP-SBJ (NP Steven Spinola) , (NP (NP president) (PP of (NP (NP (NP the Real Estate Board) (PP of (NP New York))) , (NP an industry organization)))) ,) (VP says (SBAR 0 (S (S (NP-SBJ (NP Mr. Dinkins 's) `` economic development program) (VP is (ADJP-PRD shortsighted))) , but (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP comes (ADVP-CLR down) (PP-CLR to (NP it)) (ADVP-TMP *T*-1)))) , (NP-SBJ he) (VP can (VP be (ADJP-PRD reasonable))))))) . '')) (TOP (S (NP-SBJ-1 (NP (NP Mr. Dinkins 's) inner circle) (PP of (NP advisers))) (VP appears (S (NP-SBJ *-1) (VP to (VP include (NP both ideologues and pragmatists) , (S-ADV (NP-SBJ *) (VP leaving (NP voters) (PP-CLR with (NP (NP little clue) (PP as (PP to (SBAR-NOM (WHNP-2 who) (S (NP-SBJ *T*-2) (VP will (VP be (ADJP-PRD more influential))))))))))))))) .)) (TOP (S (NP-SBJ-1 The key man) (VP seems (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the campaign manager) , (NP Mr. Lynch)))))) .)) (TOP (S (NP (NP A disheveled , roly-poly son) (PP of (NP a Long Island potato farmer))) , (NP-SBJ Mr. Lynch) (VP is (NP-PRD (NP a veteran union organizer) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP worked (PP-CLR on (NP (NP the presidential campaigns) (PP of (NP (NP Sen. Edward Kennedy) and (NP Mr. Jackson)))))))))) .)) (TOP (S But (SBAR-TMP as (S (NP-SBJ the Dinkins campaign) (VP hit (NP tough times) (NP-TMP this month)))) , (NP-SBJ-1 (NP Andrew Cuomo) , (NP (NP the (ADJP politically seasoned) son) (PP of (NP the New York governor))) ,) (VP is (ADVP also) (VP said (S (NP-SBJ *-1) (VP to (VP have (VP taken (NP (NP a (ADJP more active) role) (PP-LOC on (NP strategy))))))))) .)) (TOP (S (NP-SBJ Another close ally) (VP is (NP-PRD (NP Ruth Messinger) , (NP a Manhattan city councilwoman) , (SBAR (WHNP-1 (NP some) (WHPP of (NP (WHNP whose programs) , (ADJP such (PP as (NP commercial rent control))) ,))) (S (NP-SBJ *T*-1) (VP have (VP made (NP their way) (PP-DIR into (NP (NP Mr. Dinkins 's) position papers)))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ she) (VP remains (ADJP-PRD influential (PP with (NP Mr. Dinkins))) , (SBAR-ADV as (S (NP-SBJ some) (VP suggest (SBAR 0 (S (NP-SBJ she) (VP will (VP *?*)))))))) ,)) (NP-SBJ his mayoralty) (VP may (VP take (PRT on) (NP a (ADJP more anti-development) flavor))) .)) (TOP (S But (NP-SBJ (NP Lincoln Center President Nathan Leventhal) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP would (VP head (NP a Dinkins transition team))))) ,) (VP is (ADJP-PRD more mainstream) , (SBAR-ADV as (SINV (VP is (ADJP-PRD *?*)) (NP-SBJ (NP real-estate executive Anthony Gliedman) , (NP another insider))))) .)) (TOP (S (NP-SBJ Mr. Dinkins) (ADVP also) (VP has (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP receive (NP economic advice) (PP-CLR from (NP (NP a board) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP include (NP (NP American Express Co. chairman James D. Robinson III) , (NP investment banker Felix Rohatyn) , (NP leveraged-buy-out specialist Reginald Lewis) and (NP attorney Joseph Flom)))))))))))))) .)) (TOP (S (NP-SBJ (NP Some business leaders) and (NP others)) (ADVP also) (VP believe (SBAR that (S (NP-SBJ Mr. Dinkins) (VP would (VP place (NP significant responsibility) (PP-CLR-LOC in (NP (NP the hands) (PP of (NP (NP a deputy mayor) (PP with (NP a strong administrative background))))))))))) .)) (TOP (S (NP-SBJ (NP Names) (PP of (NP possible deputies)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP surfaced))))) (VP include (NP (NP former mayoral candidate Richard Ravitch) , (NP former schools chancellor Frank Macchiarola) and (NP Messrs. Leventhal and Gliedman))) .)) (TOP (S (ADVP Then) (NP-SBJ there) (VP are (NP-PRD (NP (NP Mr. Dinkins 's) old-time Harlem colleagues) , (PP such as (NP (NP U.S. Rep. Rangel) , (NP former Deputy Mayor Paterson) and (NP Mr. Sutton))))) .)) (TOP (S (S (S-ADV (NP-SBJ *-3) (VP Having (VP attained (NP (NP positions) (PP of (NP real influence or wealth)))))) , (NP-SBJ-3 these men) (VP constitute (NP (NP the Old Guard) (PP of (NP New York City black politics))))) ; (S (NP-SBJ they) (VP are (ADJP-PRD (ADJP less confrontational) (PP than (NP (NP the younger , (ADJP more activist) black political community) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP based (NP *-1) (ADVP largely) (PP-LOC-CLR in (NP Brooklyn)))))))))))) .)) (TOP (S -LRB- (NP-SBJ (NP Part) (PP of (NP (NP Mr. Dinkins 's) strength))) (VP is (NP-PRD his ability (S (NP-SBJ *) (VP to (VP win (NP (NP the support) (PP of (NP both the Brooklyn and Harlem factions)))))))) . -RRB-)) (TOP (SINV (S-TPC-1 `` (NP-SBJ We) (VP know (SBAR 0 (S (NP-SBJ there) (VP are (NP-PRD (NP potholes) (PP for (NP the city))) (ADVP-LOC out there))))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Mr. Paterson) , (NP (NP Mr. Dinkins 's) former law partner)) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ (NP any) (PP of (NP us))) (VP think (SBAR 0 (S (NP-SBJ-1 we) (VP 're (VP going (S (NP-SBJ *-1) (VP to (VP sidetrack (NP (NP (NP David 's) determination) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP be (NP-PRD the (ADJP best possible) mayor)))))) (PP-PRP because of (NP (NP his obligations) (PP to (NP us)))))))))))))) , (NP-SBJ we) (VP are (VP making (NP a sad mistake))) . '')) (TOP (SINV (VP Adds (S *ICH*-3)) (NP-SBJ (NP Ms. Messinger) , (SBAR (WHNP-1 who) (S (NP-SBJ-4 *T*-1) (VP is (VP expected (S (NP-SBJ *-4) (VP to (VP win (NP (NP (NP the borough president 's) job) (SBAR (WHNP-2 0) (S (NP-SBJ Mr. Dinkins) (VP is (VP vacating (NP *T*-2))))))))))))) ,) (S-3 `` (NP-SBJ-5 You) (VP have (S (NP-SBJ *-5) (VP to (VP remember (SBAR 0 (S (NP-SBJ David) (VP is (NP-PRD a pragmatist))))))))) . '')) (TOP (S But (NP-SBJ (NP (NP Mr. Dinkins 's) sense) (PP of (NP pragmatism))) (ADVP-TMP often) (VP comes (ADVP-CLR across) (PP-CLR more as (NP (NP an insider 's) determination (S (NP-SBJ *) (VP not to (VP upset (NP the political apple cart))))))) .)) (TOP (S (NP-SBJ-4 He) (VP is (VP taken (NP *-4) (ADVP-CLR aback) (PP-LOC in (NP an interview)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 *) (VP asked (NP *-1) (SBAR whether , (S (PP as (NP mayor)) , (NP-SBJ he) (VP plans (PP-CLR on (S-NOM (NP-SBJ *) (VP reforming (NP (NP the political `` fiefdoms '') (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP perpetuate (NP (NP the monumental ineffectiveness) (PP of (NP (NP New York 's) school system))))))))))))) (ADVP-TMP *T*-3)))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ I) (VP will (VP (VP sit (ADVP down)) and (VP talk (NP (NP some) (PP of (NP the problems))) (PRT out)) , but (VP take (PRT on) (NP the political system)) ? (FRAG (INTJ Uh-uh)))) , '') (NP-SBJ he) (VP says (S *T*-1) (PP-MNR with (NP (NP a shake) (PP of (NP the head))))) .)) (TOP (S (PP Despite (NP (NP many doubts) (PP about (NP his candidacy)))) , (NP-SBJ-2 (NP white New Yorkers) (PRN -- (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP gave (NP Mr. Dinkins) (NP (NP 30 %) (PP of (NP their votes))) (PP-TMP in (NP the primary))))) --)) (VP are n't (VP expected (S (NP-SBJ *-2) (VP to (VP desert (PP-MNR in (NP sufficient numbers (S (NP-SBJ *) (VP to (VP turn (NP the election) (PP-DIR-CLR to (NP Mr. Giuliani)))))))))))) .)) (TOP (S (NP-SBJ-2 (NP The former U.S. attorney) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP prosecuted (NP (NP targets) (VP ranging (PP-CLR (PP from (NP Mafia dons)) (PP to (NP Wall Street executives)))))))) ,) (VP (VP has (VP succeeded (PP-CLR in (S-NOM (NP-SBJ *-2) (VP raising (NP (NP questions) (PP about (NP (NP Mr. Dinkins 's) ethical standards)))))))) , but (VP (ADVP so far) has (VP failed (S (NP-SBJ *-2) (VP to (VP generate (NP (NP excitement) (PP about (NP his own candidacy))))))))) .)) (TOP (S (PP As (NP (NP a Republican) (PP-LOC in (NP an (ADJP overwhelmingly Democratic) city)))) , (NP-SBJ Mr. Giuliani) (VP has (NP an inherent handicap)) .)) (TOP (S (PP As (NP a first-time candidate)) , (NP-SBJ-1 he) (VP has (VP been (ADJP-PRD slow (S (NP-SBJ *-1) (VP to (VP learn (NP (NP the nuances) (PP of (NP New York City politicking))))))))) .)) (TOP (S (NP-SBJ Mr. Giuliani) (VP is (VP finding (SBAR that (S (NP-SBJ Mr. Dinkins) , (PP-TMP in (NP (NP his many years) (PP in (NP public life)))) , (VP has (VP built (PP-CLR up (NP (NP considerable good will) (SBAR (WHNP-1 that) (S (ADVP so far) (NP-SBJ *T*-1) (VP has (VP led (S (NP-SBJ many voters) (VP to (VP overlook (NP certain failings)))))))))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ The bottom line) (VP is (SBAR-PRD that (S (NP-SBJ he) (VP is (NP-PRD a (ADJP (ADJP very genuine) and (ADJP decent)) guy))))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Malcolm Hoenlein) , (NP a Jewish community leader)) .)) (TOP (S `` (PP-TMP In (NP the end)) , (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-1 David) (VP will (VP be (VP judged (NP-2 *-1) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP being (NP-PRD David)))))))))) .)) (TOP (S (NP-SBJ Toni Johnson) (VP pulls (NP a tape measure) (PP-LOC across (NP (NP the front) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP was (ADVP-TMP once) (NP-PRD a stately Victorian home)))))))) .)) (TOP (S (NP-SBJ (NP A deep trench) (VP *ICH*-1)) (ADVP-TMP now) (VP runs (PP-LOC along (NP its north wall)) , (VP-1 exposed (NP *) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the house) (VP lurched (NP-CLR two feet) (PP-CLR off (NP its foundation)) (PP-TMP during (NP (NP last week 's) earthquake)) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ-1 A side porch) (VP was (VP ripped (NP *-1) (PRT away))) .)) (TOP (S (NP-SBJ The chimney) (VP is (NP-PRD (NP a pile) (PP of (NP bricks)) (PP-LOC on (NP the front lawn)))) .)) (TOP (S (NP-SBJ (NP The remainder) (PP of (NP the house))) (VP leans (ADVP-MNR precariously) (PP-LOC-CLR against (NP a sturdy oak tree))) .)) (TOP (S (NP-SBJ (NP The petite , 29-year-old Ms. Johnson) , (VP dressed (NP *) (PP-MNR in (NP (NP jeans) and (NP a sweatshirt))) (SBAR-ADV as (S (NP-SBJ she) (VP slogs (PP-LOC-CLR through (NP the steady afternoon rain)))))) ,) (VP is (NP-PRD (NP a claims adjuster) (PP with (NP Aetna Life & Casualty)))) .)) (TOP (S (NP-SBJ She) (VP has (VP been (PP-PRD on (NP the move)) (ADVP-MNR almost incessantly) (PP-TMP since (NP (NP last Thursday) , (SBAR (WHADVP-2 when) (S (NP-SBJ-1 (NP an army) (PP of (NP adjusters)) , (VP employed (NP *) (PP by (NP-LGS major insurers))) ,) (VP invaded (NP the San Francisco area) (S-PRP (NP-SBJ *-1) (VP to (VP help (S (NP-SBJ policyholders) (VP (VP sift (PP-CLR through (NP the rubble))) and (VP restore (NP some order) (PP-CLR to (NP their lives)))))))) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (S (NP-SBJ-2 *-1) (VP Equipped (NP *-2) (PP-CLR with (NP (NP cellular telephones) , (NP laptop computers) , (NP calculators) and (NP (NP a pack) (PP of (NP blank checks))))))) , (NP-SBJ-1 they) (VP parcel (PRT out) (NP money) (SBAR-PRP so (S (NP-SBJ their clients) (VP can (VP (VP find (NP temporary living quarters)) , (VP buy (NP food)) , (VP replace (NP lost clothing)) , (VP repair (NP broken water heaters)) , and (VP replaster (NP walls))))))) .)) (TOP (S (NP-SBJ-1 (NP Some) (PP of (NP the funds))) (VP will (VP used (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP (VP demolish (NP unstable buildings)) and (VP clear (NP sites) (PP-PRP for (NP future construction)))))))) .)) (TOP (S (NP-SBJ-1 Many adjusters) (VP are (VP authorized (S (NP-SBJ *-1) (VP to (VP write (NP (NP checks) (PP for (NP (NP amounts) (NP (QP up to $ 100,000) *U*)))) (PP-TMP on (NP the spot))))))) .)) (TOP (S (NP-SBJ They) (VP do n't (VP flinch (PP-CLR at (S-NOM (NP-SBJ *) (VP writing (NP them)))))) .)) (TOP (SINV (S-TPC-4 `` (S (NP-SBJ That) (VP 's (NP-PRD my job))) -- (S (NP-SBJ *) (VP get (NP-SBJ -LCB- policyholders -RCB-) (SBAR-NOM (WHNP-3 what) (S (NP-SBJ they) (VP 're (ADJP-PRD entitled (PP to (NP *T*-3)))))))) , '') (VP says (S *T*-4)) (NP-SBJ (NP Bill Schaeffer) , (NP (NP a claims supervisor) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP flew (ADVP-DIR in) (PP-DIR from (NP (NP Aetna 's) (NAC-LOC Bridgeport , Conn. ,) office))))))) .)) (TOP (S (NP-SBJ-1 (NP The Victorian house) (SBAR (WHNP-2 that) (S (NP-SBJ Ms. Johnson) (VP is (VP inspecting (NP *T*-2)))))) (VP has (VP been (VP deemed (S (NP-SBJ *-1) (ADJP-PRD unsafe)) (PP by (NP-LGS town officials))))) .)) (TOP (S But (NP-SBJ she) (VP asks (NP-1 (NP a workman) (VP toting (NP the bricks) (PP-DIR from (NP the lawn)))) (S (NP-SBJ *-1) (VP to (VP give (NP her) (NP (NP a boost) (PP-LOC through (NP an open first-floor window))))))) .)) (TOP (S (ADVP Once inside) , (NP-SBJ-2 she) (VP spends (NP (QP nearly four) hours) (S-CLR (NP-SBJ *-2) (VP measuring and diagramming (NP (NP each room) (PP-LOC in (NP the 80-year-old house))))) , (S-ADV (NP-SBJ *-2) (VP gathering (NP enough information (S (NP-SBJ *) (VP to (VP estimate (SBAR (WHNP-1 what) (S (NP-SBJ (NP it) (S *EXP*-3)) (VP would (VP cost (NP *T*-1) (S-3 (NP-SBJ *) (VP to (VP rebuild (NP it))))))))))))))) .)) (TOP (S (NP-SBJ She) (VP snaps (NP (NP photos) (PP of (NP (NP the buckled floors) and (NP (NP the plaster) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP fallen (PP-DIR (ADVP away) from (NP the walls))))))))))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ she) (VP works (ADVP-LOC inside)))) , (NP-SBJ-1 a tenant) (VP returns (PP-MNR with (NP several friends)) (S-PRP (NP-SBJ *-1) (VP to (VP collect (NP furniture and clothing))))) .)) (TOP (S (NP-SBJ-3 (NP One) (PP of (NP the friends))) (VP (VP sweeps (NP (NP broken dishes) and (NP shattered glass)) (PP-CLR from (NP a countertop))) and (VP starts (S (NP-SBJ *-3) (VP to (VP pack (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 *T*-2) (VP can (VP be (VP salvaged (NP *-1) (PP-CLR from (NP the kitchen)))))))))))) .)) (TOP (S (NP-SBJ-1 Others) (VP grab (NP (NP books) , (NP records) , (NP photo albums) , (NP sofas) and (NP chairs)) , (S-ADV (NP-SBJ *-1) (VP working (ADVP-MNR frantically) (PP in (NP the fear (SBAR that (S (NP-SBJ an aftershock) (VP will (VP jolt (NP the house) (ADVP-TMP again)))))))))) .)) (TOP (S (NP-SBJ (NP The owners) , (NP William and Margie Hammack) ,) (VP are (ADJP-PRD (ADJP luckier) (PP than (NP many others)))) .)) (TOP (S (ADVP-TMP (NP A few years) ago) , (NP-SBJ Mrs. Hammack) (VP insisted (PP-CLR on (S-NOM (NP-SBJ *) (VP buying (NP (NP earthquake insurance) (PP for (NP (NP this house) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP had (VP been (VP converted (NP *-1) (PP-CLR into (NP apartments)))))))))))))) .)) (TOP (S (NP-SBJ (NP (QP Only about 20) %) (PP of (NP California home and business owners))) (VP carried (NP earthquake coverage)) .)) (TOP (S (NP-SBJ (NP (NP The Hammacks ') own home) (PRN , (PP-LOC (ADVP also) in (NP Los Gatos)) ,)) (VP suffered (NP (ADJP comparatively minor) damage)) .)) (TOP (S (NP-SBJ-2 (NP Ms. Johnson) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP works (PP-MNR out (PP of (NP (NP (NP Aetna 's) office) (PP-LOC in (NP (NP Walnut Creek) , (NP an East Bay suburb) ,))))))))) (VP is (VP awed (NP *-2) (PP by (NP-LGS (NP the earthquake 's) destructive force)))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ It) (ADVP really) (VP brings (NP you) (PP-DIR down (PP to (NP a human level)))) , '') (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S `` (S (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP accept (NP (NP all the suffering) (SBAR (WHNP-2 0) (S (NP-SBJ people) (VP are (VP going (PP-CLR through (NP *T*-2)))))))))))) , but (S (NP-SBJ-3 you) (VP have (S (NP-SBJ *-3) (VP to (VP *?*))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP do n't (VP *?*)))) , (NP-SBJ you) (VP ca n't (VP do (NP your job))) . '')) (TOP (S (PP For (NP (NP Aetna) and (NP other insurers))) , (NP-SBJ the San Francisco earthquake) (VP hit (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 (NP resources) (PP-LOC in (NP the field))) (ADVP-TMP already) (VP were (VP stretched (NP *-1) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ-1 Most companies) (ADVP-TMP still) (VP are (VP trying (S (NP-SBJ *-1) (VP to (VP sort (PP-CLR through (NP (NP the wreckage) (VP caused (NP *) (PP by (NP-LGS (NP Hurricane Hugo) (PP-LOC in (NP the Carolinas)))) (NP-TMP last month))))))))) .)) (TOP (S (NP-SBJ (NP Aetna) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (QP nearly 3,000) adjusters)))) ,) (VP had (VP deployed (NP (NP (QP about 750)) (PP of (NP them))) (PP-LOC-CLR in (NP Charlotte , Columbia , and Charleston)))) .)) (TOP (S (NP-SBJ (NP Adjusters) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP been (VP working (PP-LOC on (NP the East Coast)))))))) (VP say (SBAR 0 (S (NP-SBJ the insurer) (VP will (ADVP-TMP still) (VP be (VP processing (NP (NP claims) (PP from (NP that storm))) (PP-TMP through (NP December)))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP could (VP take (NP (QP six to nine) months) (S-1 (NP-SBJ *) (VP to (VP handle (NP the earthquake-related claims)))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the earthquake) (VP rocked (NP northern California) (NP-TMP last week) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP Aetna senior claims executives) (PP from (NP the San Francisco area))) (VP were (PP-LOC-PRD at (NP (NP the company 's) (NAC-LOC Hartford , Conn. ,) headquarters)) (PP-PRP for (NP (NP additional training) (PP on (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ *) (VP to (VP handle (NP (NP major catastrophes) , (PP including (NP earthquakes))) (ADVP-MNR *T*-2))))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ-1 commercial airline flights) (VP were (VP disrupted (NP *-1))))) , (NP-SBJ-3 the company) (VP chartered (NP three planes) (S-PRP (NP-SBJ *-3) (VP to (VP (VP fly (NP these executives) (ADVP-DIR back) (PP-DIR to (NP the West Coast))) and (VP bring (ADVP-CLR along) (NP (NP portable computers) , (NP cellular phones) and (NP some claims adjusters))))))) .)) (TOP (S (PP-PRP Because of (NP (NP the difficulty) (PP of (S-NOM (NP-SBJ *) (VP assessing (NP (NP the damages) (VP caused (NP *) (PP by (NP-LGS the earthquake))))))))) , (NP-SBJ Aetna) (VP pulled (ADJP-CLR together) (NP (NP a team) (PP of (NP its (ADJP most experienced) claims adjusters))) (PP-CLR from (PP around (NP the country)))) .)) (TOP (S (ADVP Even so) , (NP-SBJ few) (VP had (ADVP ever) (VP dealt (PP-CLR with (NP an earthquake)))) .)) (TOP (S (NP-SBJ (NP Some adjusters) , (PP like (NP (NP Alan Singer) (PP of (NP San Diego)))) ,) (VP had (VP been (VP working (PP-LOC in (NP Charleston)) (PP-TMP for (NP (QP nearly four) weeks))))) .)) (TOP (S (NP-SBJ He) (VP (VP returned (ADVP-CLR home) (NP-TMP last Thursday)) , (VP packed (NP a bag) (PP-CLR with (NP fresh clothes))) and (VP reported (PP-CLR for (NP duty)) (NP-TMP Friday) (PP-LOC in (NP Walnut Creek)))) .)) (TOP (S (NP-SBJ-1 Offices) (VP were (VP set (NP *-1) (PRT up) (PP-LOC in (NP (NP San Francisco) and (NP San Jose))))) .)) (TOP (S (PP-TMP In (NP a few instances)) , (NP-SBJ Aetna) (VP knew (SBAR 0 (S (NP-SBJ it) (VP would (ADVP probably) (VP be (VP shelling (PRT out) (NP big bucks)))))) , (SBAR-TMP (ADVP even) before (S (NP-SBJ a client) (VP called or faxed (PRT in) (NP a claim))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP officials) (PP-LOC at (NP Walnut Creek office))) (VP learned (SBAR that (S (NP-SBJ (NP the Amfac Hotel) (PP-LOC near (NP the San Francisco airport)) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP insured (NP *-1) (PP by (NP-LGS Aetna)))))) ,) (VP was (VP (ADVP-MNR badly) damaged (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ they) (VP saw (NP it) (PP-LOC on (NP network television news)) (ADVP-TMP *T*-3))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ (NP The secret) (PP to (S-NOM (NP-SBJ *) (VP being (NP-PRD a good adjuster))))) (VP is (NP-PRD counting)) , '') (VP says (S *T*-1)) (NP-SBJ (NP Gerardo Rodriguez) , (NP (NP an Aetna adjuster) (PP from (NP Santa Ana)))) .)) (TOP (S `` (NP-SBJ-1 You) (VP have (S (NP-SBJ *-1) (VP to (VP count (NP everything))))) . '')) (TOP (S (NP-SBJ Adjusters) (VP must (VP count (NP (NP the number) (PP of (NP bathrooms , balconies , fireplaces , chimneys , microwaves and dishwashers))))) .)) (TOP (S But (NP-SBJ-1 they) (VP must (ADVP also) (VP assign (NP a price) (PP-CLR (PP to (NP (NP each) (PP of (NP these items)))) (CONJP as well as) (PP to (NP floors , wallcoverings , roofing and siding))) , (S-PRP (NP-SBJ *-1) (VP to (VP come (ADVP-CLR up) (PP-CLR with (NP (NP a total value) (PP for (NP a house))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP do (NP that)))) , (NP-SBJ-1 they) (VP must (VP think (PP-MNR in (NP (NP terms) (PP of (NP (NP (NP sheetrock) (PP by (NP the square foot))) , (NP (NP carpeting) (PP by (NP the square yard))) , (NP (NP wallpaper) (PP by (NP the roll))) , (NP (NP molding) (PP by (NP the linear foot))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Using (NP (NP a calculator) and (NP (NP a unit-price guide) (PP for (NP (NP such jobs) (PP as (NP painting , plumbing and roofing)))) (PP-LOC in (NP (NP each major region) (PP of (NP the country)))))))) , (NP-SBJ-2 adjusters) (VP can (VP figure (PRT out) (NP (NP (NP the value) (PP of (NP a home)) (PP in (NP (NP today 's) market))) and (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-3 it) (VP would (VP cost (NP *T*-1) (S-PRP (NP-SBJ *-3) (VP to (VP rebuild (NP it))))))))))) .)) (TOP (S (ADVP-TMP Sometimes) (NP-SBJ repairs) (VP are (PP-PRD out (PP of (NP the question)))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Aetna adjuster Bill Schaeffer) (VP visited (NP a retired couple) (PP-LOC in (NP Oakland)) (NP-TMP last Thursday) (ADVP-TMP *T*-1)))) , (NP-SBJ he) (VP found (S (NP-SBJ them) (VP living (PP-LOC-CLR in (NP (NP a mobile home) (VP parked (NP *) (PP-LOC in (NP (NP front) (PP of (NP their yard)))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP The house) (NP itself)) , (VP located (NP *) (NP-CLR-LOC (NP (QP about 50) yards) (PP from (NP (NP the collapsed section) (PP of (NP double-decker highway Interstate 880)))))) ,) (VP (VP was (VP pushed (NP *-1) (PP (NP-ADV (QP about four) feet) off (NP its foundation)))) and (VP (ADVP-TMP then) collapsed (PP-CLR into (NP its basement)))) .)) (TOP (S (NP-TMP The next day) , (NP-SBJ-1 Mr. Schaeffer) (VP presented (NP the couple) (PP-CLR with (NP (NP a check) (PP for (NP $ 151,000 *U*)))) (S-PRP (NP-SBJ *-1) (VP to (VP help (S (NP-SBJ them) (VP build (NP a new home) (PP-LOC in (NP the same neighborhood)))))))) .)) (TOP (S (NP-SBJ-2 He) (ADVP also) (VP is (VP working (PP-CLR with (NP a real-estate agent)) (S-PRP (NP-SBJ *-2) (VP to (VP help (VP find (NP them) (NP (NP an apartment) (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP rent (NP *T*-3) (SBAR-TMP while (S (NP-SBJ-1 their home) (VP is (VP being (VP built (NP *-1))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Many) (PP of (NP (NP the adjusters) (VP employed (NP *) (PP by (NP-LGS (NP Aetna) and (NP other insurers))))))) (VP have (NP (NP some experience) (PP with (NP (NP construction work) or (NP carpentry))))) .)) (TOP (S But (NP-SBJ such skills) (VP were (ADJP-PRD alien (PP to (NP Toni Johnson)))) .)) (TOP (S (ADVP-TMP (NP Four years) ago) , (NP-SBJ she) (VP (VP was (VP managing (NP a film-processing shop))) and (VP was (ADJP-PRD totally bored))) .)) (TOP (S (NP-SBJ A friend) (VP mentioned (SBAR that (S (NP-SBJ-2 she) (VP might (VP want (S (NP-SBJ *-2) (VP to (VP look (PP-CLR into (NP (NP a position) (PP-LOC at (NP Aetna))))))) , (SBAR-ADV if (S (NP-SBJ she) (VP was (ADJP-PRD interested (PP in (NP (NP a job) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (ADVP constantly) (VP challenge (NP her)))))))))))))))) .)) (TOP (S (NP-SBJ-2 She) (VP signed (ADVP up) , (S-ADV (NP-SBJ *-2) (VP starting (PP-CLR as (NP (NP an `` inside '' adjuster) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP settles (NP minor claims)) and (VP does (NP (NP a lot) (PP of (NP (NP work)))) (PP-MNR by (NP phone))))))))))) .)) (TOP (S (ADVP-TMP (NP A year) later) , (NP-SBJ she) (VP moved (PP-DIR to (NP the commercial property claims division))) .)) (TOP (S (NP-SBJ-1 She) (VP spent (NP a month) (PP-LOC at (NP (NP an Aetna school) (PP-LOC in (NP (NP Gettysburg) , (NP Pa.))))) , (S-ADV (NP-SBJ *-1) (VP learning (PP-CLR (ADVP all) about (NP (NP the construction trade) , (PP including (NP (NP masonry) , (NP plumbing) and (NP electrical wiring)))))))) .)) (TOP (S (NP-SBJ-1 That) (VP was (VP followed (NP *-1) (PP by (NP-LGS (NP three months) (PP-LOC at (NP (NP the Aetna Institute) (PP-LOC in (NP Hartford)) , (SBAR (WHADVP where) (S (NP-SBJ-2 she) (VP was (VP immersed (NP *-2) (PP-CLR in (S-NOM (NP-SBJ-3 *) (VP learning (SBAR (WHADVP-4 how) (S (NP-SBJ *-3) (VP to (VP read and interpret (NP policies) (ADVP-MNR *T*-4)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Her new line) (PP of (NP work))) (VP has (NP some perils)) .)) (TOP (S (ADVP-TMP Recently) , (NP-SBJ a contractor) (VP saved (NP-3 her) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP falling (NP-ADV three stories)))) (SBAR-TMP as (S (NP-SBJ she) (VP investigated (SBAR-NOM (WHNP-1 what (PP *ICH*-2)) (S (NP-SBJ *T*-1) (VP remained (PP-2 of (NP (NP an old Victorian house) (VP torched (NP *) (PP by (NP-LGS an arsonist)))))))))))) .)) (TOP (S `` (NP-SBJ I) (VP owe (NP that contractor)) .)) (TOP (S (S-TPC-1 (NP-SBJ I) (ADVP really) (VP do) , '') (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ-2 Ms. Johnson) (VP stands (PP-LOC outside (NP the Hammack house)) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP winding (PRT up) (NP her chores) (NP-LOC there))))))) , (NP-SBJ-1 the house) (VP begins (S (NP-SBJ *-1) (VP to (VP creak and sway)))) .)) (TOP (S (NP-SBJ (NP The ground) (PP-LOC *ICH*-1)) (VP shakes (PP-1 underneath (NP her))) .)) (TOP (S (S (NP-SBJ It) (VP is (NP-PRD (NP an aftershock) , (NP (NP one) (PP of (NP (NP (QP about 2,000)) (PP-TMP since (NP the earthquake)))))))) , and (S (NP-SBJ it) (VP makes (S (NP-SBJ her) (ADJP-PRD uneasy)))) .)) (TOP (S (NP-TMP The next day) , (SBAR-TMP as (S (NP-SBJ she) (VP prepares (NP (NP a (ADJP $ 10,000 *U*) check) (PP for (NP the Hammacks)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP cover (NP (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP (VP demolishing (NP the house)) and (VP clearing (ADVP-CLR away) (NP the debris)))))))))))))) , (NP-SBJ she) (VP jumps (PP-CLR at (NP the slightest noise))) .)) (TOP (S (PP On (NP further reflection)) , (NP-SBJ-1 she) (VP admits (SBAR that (S (S-NOM-SBJ (NP-SBJ *-1) (VP venturing (PP-DIR inside (NP (NP the Hammacks ') house)) (NP-TMP the previous day))) (VP was n't (NP-PRD `` such a great idea))))) . '')) (TOP (S (PP-TMP During (NP (NP her second meeting) (PP with (NP the Hammacks)))) , (NP-SBJ Ms. Johnson) (VP reviews (SBAR-NOM (WHNP-1 exactly what) (S (NP-SBJ their policy) (VP covers (NP *T*-1))))) .)) (TOP (S (NP-SBJ-1 They) (VP (VP would (VP like (S (NP-SBJ *-1) (VP to (VP retrieve (NP (NP some appliances) (PP-LOC on (NP the second floor)))))))) , but (VP wonder (SBAR if (S (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (ADJP-PRD safe) (S-2 (NP-SBJ *) (VP to (VP venture (ADVP-DIR inside))))))))) .)) (TOP (S (NP-SBJ Ms. Johnson) (VP tells (NP them) (SBAR that , (S (SBAR-ADV if (S (NP-SBJ-1 the appliances) (VP ca n't (VP be (VP salvaged (NP *-1)))))) , (NP-SBJ their policy) (VP covers (NP the replacement cost))))) .)) (TOP (S (NP-SBJ-3 Mr. Hammack) (VP is (ADJP-PRD eager (S (NP-SBJ *-3) (VP to (VP know (SBAR (WHNP-2 what) (S (NP-SBJ Aetna) (VP will (VP pay (NP *T*-2) (PP-CLR for (NP (NP the house) , (SBAR (WHNP-1 which) (S (NP-SBJ-4 *T*-1) (VP has (S (NP-SBJ *-4) (VP to (VP come (ADVP-CLR down)))))))))))))))))) .)) (TOP (S (SBARQ-TPC-2 `` (WHADVP-1 When) (SQ will (NP-SBJ I) (VP get (NP (NP that check) (PP for (NP a million dollars))) (ADVP-TMP *T*-1))) ? '') (NP-SBJ he) (VP jokes (SBARQ *T*-2)) .)) (TOP (S (NP-SBJ The adjuster) (VP (VP had n't (VP completed (NP all the calculations))) , but (VP says : `` (S (NP-SBJ We) (VP 're (VP talking (NP policy limits)))))) . '')) (TOP (S (PP-LOC In (NP this case)) , (NP-SBJ that) (VP 's (NP-PRD (QP about $ 250,000) *U*)) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (ADVP-TMP suddenly) (VP dawns (PP-CLR on (NP Mr. Hammack)) (SBAR-1 that (S (S-NOM-SBJ (NP-SBJ *) (VP rebuilding (NP the house) (PP-LOC in (NP (NP Los Gatos) , (NP (NP an affluent community) (PP-LOC in (NP Santa Clara County))) ,)))) (VP may (VP cost (NP (NP more) (SBAR than (S (NP-SBJ (NP Aetna 's) policy) (VP will (VP pay (NP *?*))))))))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ We) (VP can (VP lose (NP money) (PP-CLR on (NP this)))) , '') (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (SINV (S-TPC-2 `` And (NP-SBJ you) (VP did n't (VP want (S (NP-SBJ me) (VP to (VP buy (NP earthquake insurance)))))) , '') (VP says (S *T*-2)) (NP-SBJ-1 Mrs. Hammack) , (S-ADV (NP-SBJ *-1) (VP (VP reaching (PP-DIR across (NP the table))) and (VP (ADVP-MNR gently) tapping (NP his hand)))) .)) (TOP (S (S (NP-SBJ Earthquake insurance) (VP costs (NP (NP (QP about $ 2 to $ 4) *U*) (ADVP-TMP annually)) (PP-CLR for (NP (NP (QP every $ 1,000) *U*) (PP of (NP value)))))) , and (S (NP-SBJ high deductibles) (VP mean (SBAR 0 (S (NP-SBJ it) (ADVP generally) (VP pays (SBAR (WHADVP-1 (ADVP only) when) (S (NP-SBJ there) (VP is (NP-PRD a catastrophe) (ADVP-PRD-TMP *T*-1))))))))) .)) (TOP (S (ADVP So) , (NP-SBJ many Californians) (VP believe (SBAR 0 (S (NP-SBJ they) (VP can (VP get (PRT by) (PP-MNR without (NP it))))))) .)) (TOP (S (NP-SBJ (NP Even Ms. Johnson) (NP herself)) (VP made (NP that assumption)) .)) (TOP (S (S-TPC-1 `` (NP-SBJ I) (ADVP-TMP always) (VP knew (SBAR that (S (NP-SBJ the ` Big One ') (VP was (VP coming , (PP but (PP-TMP not during (NP my lifetime)))))))) , '') (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ she) (VP says (SBAR 0 (S (NP-SBJ-1 she) (VP 's (VP thinking (PP-CLR of (S-NOM (NP-SBJ *-1) (VP contacting (NP her own insurance agent))))))))) .)) (TOP (S (PP For (NP Ms. Johnson)) , (S-NOM-SBJ (NP-SBJ *) (VP dealing (PP-CLR with (NP the earthquake)))) (VP has (VP been (ADJP-PRD (ADJP more) (PP than (NP just a work experience))))) .)) (TOP (S (NP-SBJ She) (VP lives (PP-LOC in (NP (NP Oakland) , (NP (NP a community) (VP hit (NP *) (ADVP-MNR hard) (PP by (NP-LGS the earthquake))))))) .)) (TOP (S (NP-SBJ She) (VP did n't (VP have (NP hot water) (PP-TMP for (NP five days)))) .)) (TOP (S (S (NP-SBJ-1 (NP The apartment) (SBAR (WHNP-2 0) (S (NP-SBJ she) (VP shares (NP *T*-2) (PP-CLR with (NP (NP a 12-year-old daughter) and (NP her sister))))))) (VP was (VP rattled (NP *-1)))) , (S (NP-SBJ books and crystal) (VP hit (NP the floor))) , but (S (NP-SBJ nothing) (VP was (ADJP-PRD severely damaged))) .)) (TOP (S (NP-SBJ (NP Her sister) , (NP Cynthia) ,) (VP wishes (SBAR 0 (S (NP-SBJ Toni) (VP had (NP a different job))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ We) (VP worry (PP-CLR about (NP (NP her) (ADVP-LOC out there)))) , '') (NP-SBJ Cynthia) (VP says (S *T*-1)) .)) (TOP (S (NP-TMP Last Sunday) , (NP-SBJ-1 Ms. Johnson) (VP (VP (ADVP-TMP finally) got (NP a chance (S (NP-SBJ *-1) (VP to (VP water (NP her plants)))))) , but (VP stopped (ADVP-MNR abruptly))) .)) (TOP (S `` (NP-SBJ I) (VP realized (SBAR 0 (S (NP-SBJ I) (VP could n't (VP waste (NP this water) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ there) (VP are (NP-PRD (NP people) (PP-LOC in (NP Watsonville)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP do n't (VP have (NP (NP fresh water) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP drink (NP *T*-2))))))))))) (ADVP-TMP *T*-3))))))))) . '')) (TOP (S (NP-SBJ She) (VP has n't (VP played (NP any music) (SBAR-TMP since (S (NP-SBJ the earthquake) (VP hit))) , (PP-PRP out (PP of (NP (NP respect) (PP for (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP died (PP-LOC on (NP (NP Interstate 880) (SBAR (WHADVP-2 where) (S (NP-SBJ the roadway) (VP collapsed (ADVP-LOC *T*-2)))))))))))))))) .)) (TOP (S (NP-SBJ The Federal Communications Commission) (VP (VP allowed (S (NP-SBJ-1 American Telephone & Telegraph Co.) (VP to (VP continue (S (NP-SBJ *-1) (VP offering (NP (NP discount phone services) (PP for (NP large-business customers))))))))) and (VP said (SBAR 0 (S (NP-SBJ it) (VP would (ADVP-TMP soon) (VP re-examine (NP (NP its regulation) (PP of (NP the long-distance market))))))))) .)) (TOP (S (NP-SBJ The FCC moves) (VP were (NP-PRD good news) (PP for (NP (NP AT&T) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (VP striving (PP-TMP since (NP (NP the breakup) (PP of (NP the phone system)))) (PP-CLR for (NP (NP (NP greater latitude) (PP-LOC in (NP pricing))) and (NP reduced regulation))))))))))) .)) (TOP (S (NP-SBJ (NP Alfred Sikes) , (NP the new FCC chairman) ,) (VP championed (NP (NP deregulation) (PP of (NP AT&T))) (PP-LOC at (NP (NP his last job) (PP as (NP (NP head) (PP of (NP a Commerce Department telecommunications agency))))))) .)) (TOP (S But (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP has (VP been (NP-PRD an open question) (SBAR-1 whether (S (NP-SBJ-3 (NP Mr. Sikes) , (NP an (ADJP extraordinarily cautious) man) ,) (VP would (VP continue (S (NP-SBJ *-3) (VP pushing (NP deregulation) (PP-LOC at (NP the FCC)) (PP in (NP (NP the face) (PP of (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-4 *T*-2) (VP is (ADJP-PRD likely (S (NP-SBJ *-4) (VP to (VP be (NP-PRD great political pressure))))))))))))))))))) .)) (TOP (SINV (S-TPC-2 `` (NP-SBJ It) (VP means (SBAR that (S (NP-SBJ Sikes) (VP is (ADJP-PRD serious (PP about (NP (NP the deregulation) (PP of (NP long distance))))))))) , '') (VP said (S *T*-2)) (NP-SBJ (NP Jack Grubman) , (NP (NP a telecommunications analyst) (PP-LOC at (NP PaineWebber Inc.))) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP attended (NP the FCC meeting))))) .)) (TOP (S `` (NP-SBJ All the commissioners) (VP were (PP-PRD in (NP amazing agreement (PRN -LCB- (S (NP-SBJ *) (VP to (VP re-examine (NP regulation)))) -RCB-))) (PP for (S-NOM (NP-SBJ *) (VP (ADVP only) having (VP been (ADVP-PRD together) (PP-TMP for (NP a few months))))))) . '')) (TOP (S (NP-SBJ The FCC) (VP took (NP (NP three specific actions) (VP regarding (NP AT&T)))) .)) (TOP (S (PP By (NP a 4-0 vote)) , (NP-SBJ-3 it) (VP allowed (S (NP-SBJ-2 AT&T) (VP to (VP continue (S (NP-SBJ *-2) (VP offering (NP (NP special discount packages) (VP *ICH*-1)) (PP-DTV to (NP big customers)) , (VP-1 called (S (NP-SBJ *) (NP-PRD Tariff 12)))))))) , (S-ADV (NP-SBJ *-3) (VP rejecting (NP (NP appeals) (PP by (NP AT&T competitors)) (SBAR that (S (NP-SBJ the discounts) (VP were (ADJP-PRD illegal)))))))) .)) (TOP (S (ADVP-TMP Then) (PP by (NP a separate 4-0 vote)) , (NP-SBJ it) (VP chose (NP (NP the narrowest possible grounds) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP strike (PRT down) (NP (NP a different discount plan) , (VP called (S (NP-SBJ *) (NP-PRD Tariff 15))) , (SBAR (WHNP-1 that) (S (NP-SBJ AT&T) (VP offered (NP *T*-1) (PP-DTV to (NP Holiday Corp)))))) (ADVP-MNR *T*-2))))))) .)) (TOP (S (NP-SBJ AT&T) (VP gave (NP a (ADJP (QP 5 % to 10) %) discount) (PP-DTV to (NP (NP the (NAC-LOC Memphis , Tenn. ,) company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP oversees (NP Holiday Inns)))))) , (PP in (NP (NP response) (PP to (NP (NP a similar discount) (VP offered (NP *) (PP-DTV to (NP Holiday Corp.)) (PP by (NP-LGS MCI Communications Corp)))))))) .)) (TOP (S (NP-SBJ The agency) (VP said (SBAR that (S (SBAR-PRP because (S (NP-SBJ (NP MCI 's) offer) (VP had (VP expired)))) (NP-SBJ-1 AT&T) (VP could n't (VP continue (S (NP-SBJ *-1) (VP to (VP offer (NP its discount plan))))))))) .)) (TOP (S But (NP-SBJ the agency) (ADVP specifically) (VP did n't (VP rule (SBAR whether (S (NP-SBJ AT&T) (VP had (NP the right (S (NP-SBJ *) (VP to (VP match (NP (NP offers) (PP by (NP competitors))))))) (SBAR-ADV if (S (NP-SBJ that) (VP means (S (NP-SBJ *) (VP giving (NP (NP discounts) (ADJP not generally available (PP to (NP other phone users)))))))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP Joe Nacchio) , (NP (NP (NP AT&T 's) vice president) (PP for (NP business-communications services))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 AT&T) (VP offered (NP a similar Tariff 15 discount) (PP-DTV to (NP (NP Resort Condominium International) , (PP of (NP Indianapolis)) ,)) (S-PRP (NP-SBJ *-1) (VP to (VP meet (NP another MCI bid)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The FCC) `` (VP did n't (VP say (SBAR 0 (S (NP-SBJ I) (VP could n't (VP do (NP it) (ADVP-TMP again))))))) , '') (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (PP (ADVP Apart) from (NP those two actions)) , (NP-SBJ (NP Mr. Sikes) and (NP the three other commissioners)) (VP said (SBAR 0 (S (NP-SBJ-2 they) (VP expect (S (NP-SBJ *-2) (VP to (VP re-examine (SBAR (WHADVP-3 how) (S (NP-SBJ-1 AT&T) (VP is (VP regulated (NP *-1) (ADVP-MNR *T*-3) (SBAR-TMP *PPA*-4))))) (SBAR-PRP-4 since (S (NP-SBJ competition) (VP has (VP increased))))))))))) .)) (TOP (S (NP-SBJ (NP Richard Firestone) , (NP (NP chief) (PP of (NP (NP the FCC 's) common-carrier bureau))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP expected (S (NP-SBJ the agency) (VP to (VP propose (NP new rules) (NP-TMP next year)))))))) .)) (TOP (S (NP-SBJ AT&T) (VP applauded (NP (NP the FCC 's) actions)) .)) (TOP (S (S-TPC-1 `` (NP-SBJ (NP The time) (SBAR *ICH*-4)) (VP is (ADJP-PRD long overdue) (SBAR-4 (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP take (NP-CLR a look) (PP-CLR at (NP (NP (NP the fierce competition) (PP-LOC in (NP the long-distance business))) and (NP (NP the rules) (VP governing (NP it))))) (ADVP-TMP *T*-3)))))) , '') (NP-SBJ the New York telecommunications firm) (VP said (S *T*-1) (PP-LOC in (NP a statement))) .)) (TOP (S But (NP-SBJ-1 (NP MCI) , (PP of (NP Washington)) ,) (VP was (ADJP-PRD displeased (PP with (NP (NP the FCC decision) (VP concerning (NP Tariff 12))))) , (S-ADV (NP-SBJ *-1) (VP arguing (SBAR that (S `` (NP-SBJ-2 AT&T) (VP can not (VP be (VP allowed (S (NP-SBJ *-2) (VP to (VP flaunt (NP FCC rules)))))))))))) . '')) (TOP (S (NP-SBJ (NP United Telecommunications Inc. 's) US Sprint unit) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (ADJP-PRD `` obviously disappointed '' (PP with (NP (NP the FCC decision) (PP on (NP Tariff 12))))))))) .)) (TOP (S (NP-SBJ US Sprint) (VP said (FRAG (VP was (SBAR-PRD 0 (S (NP-SBJ it) (VP will (VP petition (NP the FCC decision) (PP-LOC in (NP federal court))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ We) (VP believe (SBAR that (S (NP-SBJ the court) (VP will (VP find (S (NP-SBJ it) (ADJP-PRD unlawful))))))) , '') (VP said (S *T*-1)) (NP-SBJ a US Sprint spokesman) .)) (TOP (S (ADVP Separately) , (NP-SBJ-1 AT&T) (VP filed (NP a countersuit) (PP-CLR against (NP MCI)) (S-ADV (NP-SBJ *-1) (VP accusing (NP it) (PP-CLR of (S-NOM (NP-SBJ *) (VP misleading (NP consumers) (PP-MNR through (NP (ADJP allegedly `` false and deceptive '') advertising)))))))) .)) (TOP (S (NP-SBJ The AT&T action) (VP was (NP-PRD (NP the (ADJP most recent) blow) (PP-LOC in (NP a nasty fight)))) .)) (TOP (S (NP-TMP Earlier this month) , (NP-SBJ-1 MCI) (VP sued (NP AT&T) (PP-LOC in (NP federal district court)) , (S-ADV (NP-SBJ *-1) (VP claiming (SBAR that (S (NP-SBJ (NP AT&T 's) ads) (VP are (ADJP-PRD false))))))) .)) (TOP (S (NP-SBJ-1 AT&T) (VP assembled (NP (NP (NP three) (PP of (NP (NP its top executives) (PP-LOC in (NP Washington))))) , (NP (NP all) (ADJP visibly angry))) , (S-PRP (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP refute (NP (NP MCI 's) charges)))))))) .)) (TOP (SINV (S-TPC-2 `` (NP-SBJ MCI) (VP has (VP made (NP hawks) (PP-CLR out (PP of (NP (NP the upper echelon) (PP of (NP AT&T))))))) , '') (VP said (S *T*-2)) (NP-SBJ (NP (NP PaineWebber 's) Mr. Grubman) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ he) (VP expected (S (NP-SBJ AT&T) (VP to (VP become (ADJP-PRD increasingly aggressive (PP in (S-NOM (NP-SBJ *) (VP dealing (PP-CLR with (NP its longtime nemesis)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Julie Amparano Lopez) (PP-LOC in (NP Philadelphia))) (ADVP also) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ-1 (NP Billions) (PP of (NP (NP investors ') dollars))) (VP are (VP pouring (PP-DIR out (PP of (NP (NP the nation 's) junk-bond mutual funds))) , (S-ADV (NP-SBJ *-1) (VP undermining (NP (NP a pillar) (PP of (NP support)) (PP-LOC in (NP the (ADJP already reeling) junk market))))))) .)) (TOP (S (NP-TMP (NP Last week) (NP alone)) , (NP-SBJ (NP an (ADJP eye-popping (QP $ 1.6 billion) *U*)) (NP *ICH*-1)) (VP flowed (PP-DIR out (PP of (NP the junk funds))) , (NP-1 or (NP (NP (QP nearly 5) %) (PP of (NP their total assets)))) , (PP according (PP to (NP (NP estimates) (PP by (NP (NP Dalbar Financial Services Inc.) , (NP a Boston research firm))))))) .)) (TOP (S (S-TPC-1 (PP-TMP In (NP the past two months)) (NP-SBJ (NP the nation 's) 88 junk funds) (VP have (VP lost (NP (NP a total) (PP of (NP (NP (QP about $ 6 billion) *U*) (PRN -- (NP (NP (QP more than 15) %) (PP of (NP assets))) --)))) (PP-MNR through (NP (NP sales or transfers) (PP of (NP junk-fund shares))))))) , (NP-SBJ Dalbar) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ It) (VP made (NP the estimates) (PP-MNR based (PP on (NP (NP data) (VP collected (NP *) (PP-CLR from (NP (QP more than a dozen) big junk funds))))))) .)) (TOP (S (NP-SBJ (NP Interviews) (PP with (NP (NP three major fund groups) (PRN -- (NP (NP Fidelity Investments) , (NP Vanguard Group Inc.) and (NP T. Rowe Price Associates Inc.)) --)))) (VP confirm (NP the trend)) .)) (TOP (S (NP-SBJ (NP Their junk funds) (VP combined (NP *))) (VP have (VP had (NP (NP net outflows) (VP totaling (NP (NP (QP nearly $ 500 million) *U*) , or (NP (NP (QP about 13) %) (PP of (NP their junk fund assets))) ,))) (PP-TMP in (NP the past two months)))) .)) (TOP (S (NP-SBJ Some fund managers) (VP say (SBAR 0 (S (NP-SBJ negative publicity) (VP has (VP exacerbated (NP (NP (NP investors ') concern) (PP about (NP (NP recent declines) (PP-LOC in (NP junk-bond prices)))))))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ People) (VP have (VP been (VP (VP seeing (NP (NP headline) (PP after (NP (NP headline) (PP after (NP headline)))))) and (VP saying : (S ` (S (NP-SBJ I) (VP ca n't (VP take (NP it) (ADVP-TMP anymore)))) -- (S (NP-SBJ I) (VP 'm (VP getting (ADVP-CLR out)))) ,))))) ' '') (VP says (S *T*-1)) (NP-SBJ (NP Kurt Brouwer) (PP of (NP (NP Brouwer & Janachowski) , (NP a San Francisco investment adviser)))) .)) (TOP (S (NP-SBJ The withdrawals) (VP could (VP spell (NP (NP trouble) (PP for (NP the (ADJP (QP $ 200 billion) *U*) junk market))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the heavy outflows) (VP continue))) , (NP-SBJ fund managers) (VP will (VP face (NP increasing pressure (S (NP-SBJ-1 *) (VP to (VP sell (PRT off) (NP (NP some) (PP of (NP their junk))) (S-PRP (NP-SBJ *-1) (VP to (VP pay (NP departing investors) (PP-TMP in (NP the weeks ahead))))))))))) .)) (TOP (S (NP-SBJ Such selling) (VP could (VP erode (NP (NP prices) (PP of (NP (NP high-yield junk bonds) , (VP (ADVP-TMP already) weakened (NP *) (PP by (NP-LGS (NP a rash) (PP of (NP corporate credit problems)))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Mutual fund groups) (VP have n't (VP lost (NP (NP control) (PP of (NP (NP much) (PP of (NP the outgoing money)))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Louis Harvey) , (NP (NP Dalbar 's) president)) .)) (TOP (S (NP-SBJ Mutual fund officials) (VP say (SBAR that (S (NP-SBJ investors) (VP have (VP (VP transferred (NP (NP most) (PP of (NP it))) (PP-CLR into (NP (NP their money market accounts) , and (PRN (PP to (NP a lesser extent))) , (NP government-bond funds))))))))) .)) (TOP (S So (NP-SBJ (NP the impact) (PP-LOC on (NP (NP the (ADJP (QP $ 950 billion) *U*) mutual fund industry) (PP as (NP a whole))))) (ADVP probably) (VP will (VP be (ADJP-PRD slight))) .)) (TOP (S But (NP-SBJ tremors) (VP are (ADJP-PRD likely) (PP-LOC in (NP (NP the junk-bond market) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP has (VP helped (S (NP-SBJ *-2) (VP to (VP finance (NP (NP the takeover boom) (PP of (NP recent years))))))))))))) .)) (TOP (S (NP-SBJ-1 Mutual funds) (VP are (X the) (PP-PRD among (NP (NP the largest holders) (PP of (NP junk)))) , (S-ADV (NP-SBJ *-1) (VP accounting (PP-CLR for (NP (NP (QP more than a quarter)) (PP of (NP the entire high-yield , high-risk market))))))) .)) (TOP (S (NP-SBJ (NP The 88 mutual funds) (VP investing (ADVP solely) (PP-CLR in (NP junk bonds)))) (VP hold (NP (NP assets) (PP of (NP (QP about $ 32 billion) *U*)))) .)) (TOP (S (NP-SBJ Other funds) (VP hold (NP (NP a smattering) (PP of (NP junk bonds))) , (ADVP too)) .)) (TOP (S (NP-SBJ The (ADJP (QP $ 1.5 billion) *U*) Fidelity High Income Fund) (VP has (VP had (NP (NP a net outflow) (PP of (NP (QP about $ 150 million) *U*))) (PP-TMP in (NP the past two months)))) .)) (TOP (S (NP-SBJ (NP (QP About $ 60 million) *U*) (NP *ICH*-2)) (VP streamed out (NP-TMP last week alone) , (NP-2 (NP (ADVP double) the level) (PP of (NP (NP the week) (VP following (NP (NP last month 's) Campeau Corp. credit squeeze)))))) .)) (TOP (S-2 (NP-SBJ-1 (NP (QP About 98) %) (PP of (NP the outflow))) (VP was (VP transferred (NP *-1) (PP-CLR to (NP other Fidelity funds)) (PRN , (SINV (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Neal Litvack) , (NP (NP a Fidelity vice president) , (NP marketing)))) ,) (PP with (S-NOM (NP-SBJ most) (VP going (PP-CLR into (NP money market funds))))))) .)) (TOP (SINV (S-TPC-1 `` (S (NP-SBJ You) (VP get (NP a news item))) , (S (NP-SBJ it) (VP hits)) , (S (NP-SBJ you) (VP (VP have (NP strong redemptions) (UCP-TMP (NP that day) and (PP for (NP (NP two days) (VP following))))) -- then (VP go (ADVP-DIR back (PP to (ADJP normal)))))) , '') (VP says (S *T*-1)) (NP-SBJ Mr. Litvack) .)) (TOP (S (S-TPC-2 (NP-SBJ The fund) , (PP with (NP (NP a cash cushion) (PP of (NP (QP more than 10) %)))) , (VP has (VP `` met (NP all the redemptions) (PP-MNR without (S-NOM (NP-SBJ-1 *) (VP having (S (NP-SBJ *-1) (VP to (VP sell (NP one thing))))))))) , '') (NP-SBJ Mr. Litvack) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ He) (VP adds : (S `` (NP-SBJ Our fund) (VP has (VP had (NP (PRN -LCB- (ADJP positive) -RCB-) net sales) (NP-TMP (NP every month) (PP for (NP the last three years)) -- (PP until (NP this month))))))) . '')) (TOP (S (S (NP-SBJ (NP Vanguard 's) (ADJP (QP $ 1 billion) *U*) High Yield Bond Portfolio) (VP has (VP seen (S (NP-SBJ (QP $ 161 million) *U*) (VP flow (ADVP out) (PP-TMP since (NP early September))))))) ; (S (NP-SBJ (NP (QP $ 14 million) *U*) (PP of (NP that))) (VP seeped (ADVP out) (NP-TMP (NP Friday Oct. 13) (NP alone)))) .)) (TOP (SINV (S-TPC-2 (ADVP Still) , (NP-SBJ-1 (NP two-thirds) (PP of (NP the outflow))) (VP has (VP been (VP steered (NP *-1) (PP-DIR into (NP other Vanguard portfolios)))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Brian Mattes) , (NP a vice president)) .)) (TOP (S (NP-SBJ The fund) (ADVP-TMP now) (VP holds (NP (NP a cash position) (PP of (NP (QP about 15) %)))) .)) (TOP (S (PP-LOC At (NP the (ADJP (QP $ 932 million) *U*) T. Rowe Price High Yield Fund)) , (NP-SBJ investors) (VP yanked (PRT out) (NP (QP about $ 182 million) *U*) (PP-TMP in (NP the past two months))) .)) (TOP (S (NP-SBJ (NP Those withdrawals) , (SBAR (WHNP-2 (NP most) (WHPP of (WHNP which))) (S (NP-SBJ-1 *T*-2) (VP were (VP transferred (NP *-1) (PP-CLR to (NP other T. Rowe Price funds)))))) ,) (VP followed (NP (NP little change) (PP-LOC in (NP (NP the fund 's) sales picture))) (NP-TMP (NP this year) (PP through (NP August)))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ The last two months) (VP have (VP been (NP-PRD the whole ball game))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Steven Norwitz) , (NP a vice president)) .)) (TOP (S (NP-SBJ Junk-fund holders) (VP have (VP (ADVP-MNR barely) broken (ADJP even) (NP-TMP this year) , (SBAR-ADV as (S (NP-SBJ-1 fat interest payments) (VP (ADVP-MNR barely) managed (S (NP-SBJ *-1) (VP to (VP offset (NP declining prices))))))))) .)) (TOP (S (PP-TMP Through (NP Oct. 19)) , (NP-SBJ high-yield funds) (VP had (NP (NP an (ADJP average 0.85 %) total return) (PRN -LRB- (NP (NP (NP the price change) (PP plus (NP (NP dividends) (PP on (NP fund shares)))))) -RRB-)) , (PP according (PP to (NP Lipper Analytical Services Inc)))) .)) (TOP (S (NP-SBJ That) (VP 's (ADJP-PRD (ADJP even less) (PP than (NP (NP the (ADJP 4.35 %) total return) (PP of (NP the Merrill Lynch High-Yield Index)))))) .)) (TOP (S (S (S-TPC-1 (NP-SBJ (NP Fidelity 's) junk fund) (VP has (VP fallen (NP-EXT 2.08 %) (NP-TMP (NP this year) (PP through (NP Oct. 19)))))) , (NP-SBJ Lipper) (VP says (SBAR 0 (S *T*-1)))) ; (S (NP-SBJ the Vanguard fund) (VP rose (NP-EXT 1.84 %))) ; and (S (NP-SBJ the T. Rowe Price fund) (VP edged (ADVP-DIR up) (NP-EXT 0.66 %))) .)) (TOP (S (S-TPC-2 (NP-SBJ-3 (NP People) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP remain (PP-LOC-PRD in (NP junk funds)) (ADVP-TMP now))))) (VP could (VP get (VP hit (NP *-3) (ADVP-TMP again))))) , (NP-SBJ some analysts and fund specialists) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 (NP Many funds) (PP-TMP in (NP recent weeks and months))) (VP have (VP been (VP selling (NP (NP their highest-quality junk issues) , (PP such as (NP RJR Nabisco)) ,) (S-PRP (NP-SBJ-2 *-1) (VP to (VP raise (NP cash) (S-PRP (NP-SBJ *-2) (VP to (VP meet (NP expected redemptions)))))))))) .)) (TOP (S (NP-SBJ-1 Funds) (VP might (VP be (VP forced (S (NP-SBJ *-1) (VP to (VP accept (NP lower prices)))) (SBAR-ADV if (S (NP-SBJ they) (VP expand (NP their selling) (PP-CLR to (NP (NP the securities) (PP of (NP less-creditworthy borrowers)))))))))) .)) (TOP (S And (ADVP-TMP then) , (NP-SBJ (NP asset values) (PP of (NP the funds))) (VP could (VP plunge (NP (NP more) (SBAR than (S (NP-SBJ they) (VP have (VP *?* (ADVP-TMP so far)))))))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ (NP Michael Hirsch) , (NP (NP (NP chief investment officer) (PP of (NP Republic National Bank))) and (NP (NP manager) (PP of (NP (NP the FundTrust Group) (PP-LOC in (NP New York))))))) : (S-1 `` (NP-SBJ It) (VP 's (NP-PRD (NP a time bomb) (VP (ADVP just) waiting (S (NP-SBJ *) (VP to (VP go (PP off)))))))) .)) (TOP (S (NP-SBJ (NP The surprise resignation yesterday) (PP of (NP (NAC British Chancellor (PP of (NP the Exchequer))) Nigel Lawson))) (VP sent (NP sterling) (PP-CLR into (NP (NP a tailspin) (PP against (NP the dollar)))) (PP-MNR by (S-NOM (NP-SBJ *) (VP creating (NP (NP uncertainties) (PP about (NP (NP the direction) (PP of (NP the British economy))))))))) .)) (TOP (S (NP-SBJ The U.S. unit) (ADVP also) (VP firmed (PP-CLR against (NP other currencies)) (PP on (NP (NP the back) (PP of (NP (NP sterling 's) tumble)))) , (SBAR-ADV as (S (NP-SBJ market participants) (VP switched (PP-CLR out (PP of (NP pounds))))))) .)) (TOP (S (NP-SBJ-1 The pound) (ADVP also) (VP dropped (ADVP-MNR precipitously) (PP-CLR against (NP the mark)) , (S-ADV (NP-SBJ *-1) (VP falling (PP below (NP the key 2.90-mark level)) (PP-DIR to (NP 2.8956 marks)) (PP-DIR from (NP 2.9622 marks)) (NP-TMP late Wednesday)))) .)) (TOP (S (NP-SBJ (NP Mr. Lawson 's) resignation) (VP shocked (NP many analysts) , (PP despite (NP (NP the recent recurring speculation) (PP of (NP (NP a rift) (PP between (NP (NP the chancellor) and (NP Prime Minister Margaret Thatcher)))))))) .)) (TOP (S (ADVP Indeed) , (ADVP-TMP (NP only hours) earlier) , (NP-SBJ Mrs. Thatcher) (VP (VP had (VP called (S (NP-SBJ (NP Mr. Lawson 's) economic policies) (ADJP-PRD `` sound '')))) and (VP said (SBAR 0 (S (NP-SBJ she) (VP has `` (ADVP-TMP always) (VP supported '' (NP him))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ There) (VP was (NP-PRD a general feeling (SBAR that (S (NP-SBJ we) (VP 'd (VP seen (NP the worst))))))) , '') (VP said (S *T*-1)) (NP-SBJ (NP Patrick Foley) , (NP (NP deputy chief economic adviser) (PP for (NP (NP Lloyds Bank) (PP-LOC in (NP London)))))) .)) (TOP (S `` (NP-SBJ The resignation) (VP came (PP-CLR as (NP a great surprise))) . '')) (TOP (S (NP-SBJ (NP Graham Beale) , (NP (NP manager) (PP of (NP foreign-exchange operations)) (PP-LOC at (NP (NP Hong Kong & Shanghai Banking Corp.) (PP-LOC in (NP New York))))) ,) (VP added (SBAR that (S (NP-SBJ (NP Mrs. Thatcher 's) comments) (VP (VP reinforced (NP (NP (NP the market 's) growing confidence) (PP about (NP sterling)))) and (VP compounded (NP (NP the unit 's) later decline)))))) .)) (TOP (S `` (NP-SBJ The market) (VP was (VP caught (NP-MNR totally the wrong way))) ... .)) (TOP (S (S-TPC-1 (NP-SBJ Everyone) (VP was (ADJP-PRD extremely long (PP on (NP sterling)))) , '') (NP-SBJ Mr. Beale) (VP said (S *T*-1)) .)) (TOP (S (PP-LOC In (NP late New York trading)) (NP-TMP yesterday) , (NP-SBJ-1 the dollar) (VP was (VP (VP quoted (NP *-1) (PP-CLR (PP (PP at (NP 1.8400 marks)) , (ADVP up (PP from (NP 1.8353 marks) (NP-TMP late Wednesday)))) , and (PP (PP at (NP 142.10 yen)) , (ADVP up (PP from (NP 141.52 yen) (NP-TMP late Wednesday)))))))) .)) (TOP (S (NP-SBJ-1 Sterling) (VP was (VP quoted (NP *-1) (PP-CLR at (NP $ 1.5765 *U*)) , (ADVP sharply down (PP from (NP $ 1.6145 *U*) (NP-TMP late Wednesday))))) .)) (TOP (S (PP-LOC In (NP Tokyo)) (NP-TMP Friday) , (NP-SBJ the U.S. currency) (VP opened (PP-CLR for (NP trading)) (PP-CLR at (NP 142.02 yen)) , (ADVP up (PP from (NP (NP (NP Thursday 's) Tokyo close) (PP of (NP 141.90 yen)))))) .)) (TOP (S (NP-SBJ Few analysts) (VP had (NP (NP much good) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP say (NP *T*-1))))) (PP about (NP (NP the pound 's) near-term prospects))) , (PP despite (NP the fact (SBAR that (S (NP-SBJ most) (VP do n't (VP anticipate (NP (NP a shift) (PP-LOC in (NP (NP Mrs. Thatcher 's) economic policies)))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Foley) (PP of (NP Lloyds))) (VP noted (SBAR that (S (S (NP-SBJ (NP (NP Mr. Lawson 's) replacement) , (NP John Major) , (NP the British foreign minister) ,) (VP will (VP take (NP (NP time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP establish (NP his credibility) (ADVP-TMP *T*-1))))))))) and (S , (PP-TMP in (NP the meantime)) , (NP-SBJ sterling) (VP could (VP trend (ADVP-DIR downward) (PP-LOC in (NP volatile trade)))))))) .)) (TOP (S But (NP-SBJ-1 Mr. Foley) (VP predicted (NP (NP few economic policy changes) (ADVP ahead)) , (S-ADV (NP-SBJ *-1) (VP commenting (SBAR that (S (NP-SBJ Mr. Major) (VP shares `` (NP (NP a (ADJP very similar) view) (PP of (NP the world))) '' (PP-CLR with (NP Mr. Lawson)))))))) .)) (TOP (S (NP-SBJ (NP Bob Chandross) , (NP (NP chief economist) (PP-LOC at (NP (NP Lloyds Bank) (PP-LOC in (NP New York))))) ,) (ADVP also) (VP noted (SBAR that (S (NP-SBJ-1 (NP the pound 's) sharp decline) (VP is (VP pegged (NP *-1) (ADJP (ADJP more) (PP to (NP (NP uncertainty) (PP-LOC in (NP the market)))) (PP than (NP (NP a vision) (PP of (NP altered United Kingdom economic policies)))))))))) .)) (TOP (S (S-TPC-1 (SBAR Unless (S (NP-SBJ (NP Mr. Lawson 's) resignation) (VP leads (PP-CLR to (NP (NP (NP a change) (PP in (NP British interest-rate policy))) (PRN -- (S (NP-SBJ (NP Mrs. Thatcher 's) administration) (VP (ADVP-MNR firmly) supports (NP high interest rates) (S-PRP (NP-SBJ *) (VP to (VP keep (S (NP-SBJ inflation) (PP-PRD in (NP check)))))))) --) or (S-NOM (NP-SBJ *) (VP posturing (PP toward (NP (NP full inclusion) (PP-LOC in (NP the (NP European Monetary System 's) exchange-rate mechanism))))))))))) , (NP-SBJ (NP Mr. Lawson 's) withdrawal) (VP will (VP have (NP (NP little long-term impact) (PP-LOC on (NP exchange rates)))))) , (NP-SBJ Mr. Chandross) (VP concluded (SBAR 0 (S *T*-1))) .)) (TOP (SINV (VP-TPC-2 (ADVP Also) announcing (NP his resignation) (NP-TMP Thursday)) (VP was (VP *T*-2)) (NP-SBJ (NP Alan Walters) , (NP (NP (NP Mrs. Thatcher 's) economic adviser) and (NP (NP Mr. Lawson 's) nemesis))) .)) (TOP (S (NP-SBJ (NP The pound) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP been (VP trading (PP-CLR at (NP (QP about $ 1.6143) *U*)) (PP-LOC in (NP New York)) (ADVP-TMP prior (PP to (NP (NP Mr. Lawson 's) announcement)))))))) ,) (VP sank (NP-EXT (QP more than two) cents) (PP-DIR to (NP $ 1.5930 *U*)) , (S-ADV (NP-SBJ *) (VP prompting (S (NP-SBJ the Federal Reserve Bank) (VP to (VP buy (NP pounds) (PP-CLR for (NP dollars)))))))) .)) (TOP (S (S (NP-SBJ (NP The Fed 's) move) , (ADVP however) , (ADVP only) (VP proved (NP-PRD (NP a stopgap) (PP to (NP (NP the pound 's) slide))))) and (S (NP-SBJ the Fed) (VP intervened (PP-TMP for (NP a second time)) (PP at (NP (QP around $ 1.5825) *U*)) , (PP according (PP to (NP New York traders))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ dollar trading) (VP was (ADJP-PRD relatively uninspired) (PP-TMP throughout (NP the session)) , (PP according (PP to (NP (NP dealers) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP noted (SBAR that (S (NP-SBJ (NP (NP Thursday 's) release) (PP of (NP (NP the preliminary report) (PP on (NP the U.S. third-quarter gross national product))))) (VP was (NP-PRD (NP something) (PP of (NP a nonevent))))))))))))) .)) (TOP (S (NP-SBJ U.S. GNP) (VP rose (PP-CLR at (NP (NP an annual rate) (PP of (NP 2.5 %)))) (PP-TMP in (NP the third quarter))) .)) (TOP (S (NP-SBJ (NP The implicit price deflator) , (NP (NP a measure) (PP of (NP inflation))) ,) (VP was (ADVP-PRD down) (PP to (NP (NP a (ADJP 2.9 %) annual rate) (PP of (NP increase))) (PP-TMP in (NP the quarter))) (PP from (NP (NP a (ADJP 4.6 %) rate) (PP of (NP gain))) (PP-TMP in (NP the second quarter)))) .)) (TOP (S (PP-LOC In (NP Europe)) , (NP-SBJ the dollar) (VP ended (ADVP-CLR lower) (PP-LOC in (NP dull trading))) .)) (TOP (S (NP-SBJ The market) (VP closed (ADVP-TMP prior (PP to (NP (NP Mr. Lawson 's) announcement)))) .)) (TOP (S (PP-LOC On (NP (NP the Commodity Exchange) (PP-LOC in (NP New York)))) , (NP-SBJ (NP gold) (PP for (NP current delivery))) (VP rose (NP-EXT $ 3.40 *U*) (PP-DIR to (NP (NP $ 372.50 *U*) (NP-ADV an ounce))) (PP-LOC in (NP heavy trading))) .)) (TOP (S (NP-SBJ The close) (VP was (NP-PRD (NP the highest) (PP-TMP since (NP August 3)))) .)) (TOP (S (NP-SBJ Estimated volume) (VP was (NP-PRD (QP five million) ounces)) .)) (TOP (S (PP-LOC In (NP (NP early trading) (PP-LOC in (NP Hong Kong)))) (NP-TMP Friday) , (NP-SBJ-1 gold) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP $ 370.85 *U*) (NP-ADV an ounce))))) .)) (TOP (S (NP-SBJ-1 The following issues) (VP were (ADVP-TMP recently) (VP filed (NP *-1) (PP-CLR with (NP the Securities and Exchange Commission)))) :)) (TOP (NP (NP Anheuser-Busch Cos.) , (NP (NP shelf offering) (PP of (NP (NP (QP $ 575 million) *U*) (PP of (NP debt securities))))) .)) (TOP (NP (NP Coca-Cola Bottling Co. Consolidated) , (NP (NP shelf offering) (PP of (NP (NP (QP $ 200 million) *U*) (PP of (NP debt securities)))) , (PP via (NP (NP Salomon Brothers Inc.) and (NP Goldman , Sachs & Co)))) .)) (TOP (NP (NP First Brands Corp.) , (NP (NP proposed offering) (PP of (NP (NP 6,475,000 common shares) , (SBAR (WHPP-3 of (WHNP which)) (S (S (NP-SBJ-1 (NP 1,475,000 common shares) (PP *T*-3)) (VP will (VP be (VP sold (NP *-1) (PP-2 by (NP-LGS the company)))))) and (S (NP-SBJ=1 (NP (QP five million) shares) (PP *T*-3)) (PP=2 by (NP-LGS holders))))))) , (PP via (NP (NP First Boston Corp.) and (NP Credit Suisse First Boston Ltd)))) .)) (TOP (NP (NP (NP Home Nutritional Services Inc.) , (NP (NP a (ADJP wholly owned) subsidiary) (PP of (NP Healthdyne Inc.))) ,) (NP (NP proposed initial offering) (PP of (NP (NP (QP four million) common shares) , (SBAR (WHPP-3 of (WHNP which)) (S (S (NP-SBJ-1 (NP 1.8 million) (PP *T*-3)) (VP will (VP be (VP sold (NP *-1) (PP by (NP-LGS Home Nutritional Services)))))) and (S (NP-SBJ-2 (NP 2.2 million) (PP *T*-3)) (VP will (VP be (VP sold (NP *-2) (PP by (NP-LGS Healthdyne)))))))))) , (PP via (NP Smith Barney , Harris Upham & Co))) .)) (TOP (NP (NP Parametric Technology Corp.) , (NP (NP initial public offering) (PP of (NP (NP (QP 1.7 million) common shares) , (SBAR (WHPP-3 of (WHNP which)) (S (S (NP-SBJ-1 (NP 1,365,226) (PP *T*-3)) (VP will (VP be (VP offered (NP *-1) (PP by (NP-LGS the company)))))) and (S (NP-SBJ-2 (NP 334,774) (PP *T*-3)) (VP will (VP be (VP offered (NP *-2) (PP by (NP-LGS holders)))))))) , (PP via (NP (NP Alex . Brown & Sons Inc.) , (NP Hambrecht & Quist Inc.) and (NP Wessels , Arnold & Henderson)))))) .)) (TOP (NP (NP SynOptics Communications Inc.) , (NP (NP proposed public offering) (PP of (NP (NP (QP 1.5 million) common shares) , (SBAR (WHPP-3 of (WHNP which)) (S (S (NP-SBJ-4 (NP 1,003,884 shares) (PP *T*-3)) (VP are (S (NP-SBJ-1 *-4) (VP to (VP be (VP sold (NP *-1) (PP by (NP-LGS the company)))))))) and (S (NP-SBJ-5 (NP 496,116 shares) (PP *T*-3)) (VP are (S (NP-SBJ-2 *-5) (VP to (VP be (VP sold (NP *-2) (PP by (NP-LGS holders)))))))))))) , (PP via (NP (NP Morgan Stanley & Co.) and (NP Hambrecht & (NP Quist))))) .)) (TOP (SINV (PP-LOC-CLR-TPC-1 On (NP (NP an office wall) (PP of (NP the Senate intelligence committee)))) (VP hangs (PP-LOC-CLR *T*-1)) (NP-SBJ (NP a quote) (PP from (NP Chairman David Boren)) , `` (S (NP-SBJ *) (VP Do n't (VP hold (NP your ticket) (SBAR-TMP 'til (S (NP-SBJ the show) (VP 's (ADVP-PRD over)))))))) . '')) (TOP (S (NP-SBJ-1 He) (ADVP-TMP once) (VP used (NP that line) (PP-LOC in (NP (NP a closed-door meeting) (PP on (NP Panama)))) , (S-ADV (NP-SBJ *-1) (VP meaning (SBAR 0 (S (NP-SBJ *) (VP do n't (VP shrink (PP-CLR from (S-NOM (NP-SBJ *) (VP taking (NP action) (PP-CLR against (NP Manuel Noriega)))))))))))) .)) (TOP (SBARQ So (WHADVP how) (SQ did (NP-SBJ-2 (NP a good senator) (PP like (NP this))) (VP end (ADVP-CLR up) (S (NP-SBJ *-2) (VP approving (NP (NP a policy) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP required (S (NP-SBJ the U.S.) (VP to (VP warn (NP Mr. Noriega) (PP-CLR of (NP (NP any coup plot) (PP against (NP him))))))))))))))) ?)) (TOP (S (SINV (S-TPC-2 `` (S (NP-SBJ I) (VP agree)) , (S (NP-SBJ it) (VP 's (ADJP-PRD ridiculous))) , '') (VP says (S *T*-2)) (NP-SBJ Mr. Boren)) , and (S (ADVP indeed) (PP-TMP by (ADVP now)) (NP-SBJ ridiculous) (VP may (VP be (NP-PRD (NP the only way) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP describe (SBAR (WHADVP-5 how) (S (NP-SBJ-4 the U.S.) (VP decides (S (S (NP-SBJ *-4) (VP to (VP take (NP *RNR*-1)))) -- or (ADVP rather) , (S (NP-SBJ *-4) not (VP to (VP take (NP *RNR*-1)))) -- (NP-1 covert action)) (ADVP-MNR *T*-5)))) (ADVP-MNR *T*-3))))))))) .)) (TOP (S (NP-SBJ-1 George Bush) (VP disclosed (NP the policy) (NP-TMP last week) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP reading (NP it) (PP-DTV to (NP GOP senators))))) , (PP (ADVP perhaps) as (NP (NP a way) (PP of (S-NOM (NP-SBJ *) (VP shifting (NP (NP blame) (PP for (NP the Panama fiasco))) (PP-DIR to (NP Congress)))))))) .)) (TOP (S But (NP-SBJ the broader truth) (VP is (ADJP-PRD (ADJP more complicated) -- and (ADJP dismaying))) .)) (TOP (S (NP-SBJ-1 The policy) (VP was (VP contained (NP *-1) (PP-CLR in (NP (NP an exchange) (PP of (NP letters)) (NP-TMP last October) (PP between (NP (NP the Senate intelligence committee) and (NP the (NX (NX CIA) and (NX National Security Council))))))))) .)) (TOP (S (NP-SBJ-3 (NP Staff lawyers) (PP for (NP both sides))) (VP were (ADJP-PRD busy (S (NP-SBJ *-3) (VP agreeing (PP-CLR with (NP one another)) (PP-CLR about (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 the U.S.) (VP could not (VP do (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP oust (NP the Panamanian thug))))))))))))) .)) (TOP (S (NP-SBJ-2 They) (ADVP simply) (VP got (ADJP-PRD carried away (PP with (S-NOM (NP-SBJ *-2) (VP interpreting (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP the executive order) (VP banning (NP assassinations))) (VP (ADVP really) meant (NP *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Boren) (NP himself)) (VP did n't (VP discover (NP the warn-your-enemy nuance) (SBAR-TMP until (S (NP-SBJ Mr. Bush) (VP told (NP him) (ADVP-MNR privately) (PP-LOC at (NP the White House)) (NP-TMP last week)))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP 's (ADJP-PRD ironic) (SBAR-2 that (S (NP-SBJ David Boren) (VP should (VP be (PP-PRD-LOC in (NP (NP the center) (PP of (NP this mire))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD A former Oklahoma governor)) , (NP-SBJ-1 he) (VP 's (NP-PRD (NP a thoughtful defender) (PP of (NP (NP presidential powers) (PP-LOC in (NP foreign policy)))))) .)) (TOP (S (NP-SBJ He) (VP 's (NP-PRD a rare Democratic hawk)) .)) (TOP (S (NP-SBJ He) (VP 's (NP-PRD (NP the senator) (PP (ADVP most) like (NP (NP Arthur Vandenberg) , (NP (NP the GOP senator) (PP from (NP Michigan)) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP worked (S (NP-SBJ *-2) (VP to (VP forge (NP a bipartisan foreign policy)))) (PP-TMP in (NP the 1940s)))))))))) .)) (TOP (S (S-TPC-2 `` (NP-SBJ Vandenberg and Rayburn) (VP are (NP-PRD (NP heroes) (PP of (NP mine)))) , '') (NP-SBJ-3 Mr. Boren) (VP says (S *T*-2) , (S-ADV (NP-SBJ *-3) (VP referring (ADVP as well) (PP-CLR to (NP (NP Sam Rayburn) , (NP (NP the Democratic House speaker) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP cooperated (PP-CLR with (NP President Eisenhower))))))))))) .)) (TOP (S `` (NP-SBJ They) (VP allowed (S (NP-SBJ this country) (VP to (VP be (ADJP-PRD credible))))) .)) (TOP (S (NP-SBJ-1 I) (ADVP really) (VP want (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ that) (VP happen (ADVP-TMP again))))))) . '')) (TOP (S (SBAR-ADV If (S (NP-SBJ this) (VP were (NP-PRD 1949)))) , (NP-SBJ Mr. Boren) (VP might (ADVP even) (VP succeed)) .)) (TOP (S But (PP-TMP in (NP 1989)) (NP-SBJ most senators) (VP have (NP other ideas)) .)) (TOP (S (NP-TMP Last July) , (NP-SBJ his committee) (VP rejected (NP a Reagan administration plan (S (NP-SBJ *) (VP to (VP support (NP (NP a coup) (PP-LOC in (NP Panama)))))))) .)) (TOP (S (NP-SBJ-2 Ohio Democrat Howard Metzenbaum) (VP (VP refused (S (NP-SBJ *-2) (VP to (VP support (NP (NP any plan) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP get (S (NP-SBJ people) (ADJP-PRD hurt))))))))))) , (NP (NP a charming notion) (PP for (NP a great power)))) .)) (TOP (S (NP-SBJ Maine Republican William Cohen) (VP said (SBAR 0 (S (NP-SBJ the plan) (VP might (VP violate (NP the assassination ban)))))) .)) (TOP (S (ADVP So) (NP-SBJ the administration) (VP dropped (NP it)) .)) (TOP (S (PP-TMP By (NP (NP October) , (SBAR (WHADVP-2 when) (S (NP-SBJ the committee) (VP rejected (NP a (ADJP much more modest) covert proposal) (ADVP-TMP *T*-2)))) ,)) (NP-SBJ even the administration) (VP was (VP agreeing (SBAR 0 (S (NP-SBJ-1 little) (VP should (VP be (VP done (NP *-1)))))))) .)) (TOP (S (S (NP-SBJ Mr. Boren) (VP does n't (VP think (SBAR 0 (S (NP-SBJ all this) (VP influenced (NP (NP the failed coup) (NP-TMP this month)))))))) , but (S (NP-SBJ he) (VP does (VP concede (SBAR that (S (NP-SBJ Congress) (VP has (VP made (NP mistakes)))))))) .)) (TOP (S (S-TPC-2 `` (PP-TMP In (NP (NP the aftermath) (PP of (NP Vietnam)))) , (PP-TMP in (NP (NP the aftermath) (PP of (NP Iran-Contra)))) , (NP-SBJ I) (VP can (VP understand (SBAR 0 (S (NP-SBJ some people) (VP might (VP think (SBAR that (S (SBAR-ADV if (S (NP-SBJ they) (VP plan (NP a coup)))) , (NP-SBJ-1 they) (VP have (S (NP-SBJ *-1) (VP to (VP bring (NP their lawyers))))))))))))) , '') (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S But (NP-SBJ even Mr. Boren) (VP defends (NP congressional oversight)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Writing (PP-LOC in (NP the Harvard International Review)))) , (NP-SBJ-1 he) (VP says (SBAR that (S (NP-SBJ his committee) (VP approves (NP covert operations) (SBAR-TMP (WHADVP-2 (ADVP only) when) (S (NP-SBJ there) (VP 's (NP-PRD a `` consensus) (ADVP-TMP *T*-2)))))))) . '')) (TOP (SBARQ So (WHNP-1 what) (SQ does (NP-SBJ consensus) (VP mean (NP *T*-1))) ?)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP does n't (VP mean (ADJP unanimous)))) , '' (NP-SBJ he) (VP insists (S *T*-1) , (SBAR-ADV though (S (NP-SBJ he) (VP implies (SBAR 0 (S (NP-SBJ it) (VP means (NP a bipartisan majority)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The sustainability) (PP of (NP U.S. foreign policy))) (VP is (ADJP-PRD essential))) , '' (NP-SBJ he) (VP explains (S *T*-1)) .)) (TOP (SBARQ `` (WHADVP-1 Why) (SQ was (NP-SBJ containment) (ADJP-PRD so successful) (ADVP-PRP *T*-1)) ?)) (TOP (FRAG (SBAR-PRP Because (S (NP-SBJ it) (VP had (NP bipartisan support))) . ''))) (TOP (S (NP-SBJ Mr. Boren) (VP is (VP confusing (NP (NP consensus) (PP on (NP general principles))) (PP-CLR with (NP (NP agreement) (PP on (NP specific actions)))))) .)) (TOP (S (NP-SBJ (NP Elliott Abrams) , (NP (NP a veteran) (PP of (NP intelligence committee debates))) ,) (VP doubts (SBAR that (S (NP-SBJ even (NX (NX Grenada) or (NX the Libyan raid))) (VP would (VP have (VP taken (NP-CLR place) (SBAR-ADV if (S (NP-SBJ-1 `` consensus '') (VP had (VP been (VP required (NP *-1)))))))))))) .)) (TOP (S (S (NP-SBJ Vandenberg and Rayburn) (VP were (ADJP-PRD wise enough (S (NP-SBJ *) (VP to (VP leave (NP specific operations) (PP-CLR to (NP presidents)))))))) ; (S (NP-SBJ (NP modern senators) , (NP (NP Mr. Boren) (ADVP notwithstanding)) ,) (VP are (ADJP-PRD less modest))) .)) (TOP (S (NP-SBJ The result) (VP is (SBAR-PRD that (S (NP-SBJ the Senate committee) (VP has (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP amounts (PP-CLR to (NP (NP veto power) (PP over (NP every covert action))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP would n't (VP say (SBAR 0 (S (NP-SBJ it) (VP 's (ADVP quite) (NP-PRD a veto))))))) , '' (NP-SBJ Mr. Boren) (VP demurs (S *T*-1)) .)) (TOP (SBARQ But (SQ would n't (NP-SBJ (NP a president) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP acted (PP despite (NP Senate objections)))))) (VP be (VP taking (NP grave political risks)))) ?)) (TOP (SINV `` (S-TPC-1 (NP-SBJ He) (VP would (VP *?*))) , '' (VP agrees (S *T*-1)) (NP-SBJ the chairman) .)) (TOP (S `` But (NP-SBJ that) (VP is (NP-PRD (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ-2 the president) (VP ought (S (NP-SBJ *-2) (VP to (VP know (NP *T*-1) (SBAR-TMP before (S (NP-SBJ he) (VP goes (ADVP-CLR ahead)))))))))))) . '')) (TOP (S (NP-SBJ Mr. Boren) (ADVP even) (VP spies (NP a silver lining)) .)) (TOP (S (NP-SBJ He) (VP figures (SBAR 0 (S (NP-SBJ-1 the episode) (VP will (VP help (S (NP-SBJ *-1) `` (VP clarify (NP (NP any ambiguities) '' (PP between (NP the committee and administration)))))))))) .)) (TOP (S (NP-SBJ He) (VP points (PP-CLR to (NP (NP (NP (NP a letter) (PP-LOC on (NP his desk))) , (NP his (NP (NP second) (PP-TMP in (NP a week)) (PP from (NP President Bush)))) ,) (VP saying (SBAR that (S (NP-SBJ they) `` (VP do n't (VP disagree)))))))) . '')) (TOP (S (ADVP More broadly) , (NP-SBJ Mr. Boren) (VP hopes (SBAR that (S (NP-SBJ Panama) (VP will (VP shock (NP Washington) (PP-CLR out (PP of (NP (NP its fear) (PP of (S-NOM (NP-SBJ *) (VP using (NP military power)))))))))))) .)) (TOP (S (S-TPC-2 `` (ADVP Maybe) (NP-SBJ this) (VP will (VP jolt (NP us) (PP-CLR out (PP of (NP (NP the post-Vietnam syndrome) (SBAR that (S (NP-SBJ-1 we) (ADVP-TMP never) (VP are (VP prepared (S (NP-SBJ *-1) (VP to (VP use (NP force))))))))))))) , '') (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (FRAG Maybe -- (SBAR-ADV if (S (NP-SBJ every senator) (VP shared (NP (NP the principles) (PP of (NP Mr. Boren)))))) .)) (TOP (S But (NP-SBJ (NP it) (S *EXP*-3)) (VP 's (ADJP-PRD just as plausible) (S-3 (NP-SBJ *) (VP to (VP argue (SBAR that (S (SBAR-ADV if (S (NP-SBJ even David Boren) (VP can (VP get (VP mired (PP-LOC in (NP (NP this sort) (PP of (NP mess))))))))) , (NP-SBJ the problem) (VP goes (PP-DIR beyond (NP legal interpretation))))))))) .)) (TOP (S (ADVP Maybe) (NP-SBJ the problem) (VP is (NP-PRD (NP a political system) (SBAR (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP wo n't (VP act (PP-MNR without (NP (NP an `` exchange) (PP of (NP letters)))))))) , '' (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP insists (PP-CLR on (S-NOM (NP-SBJ *-4) (VP running (NP foreign policy) (PP-MNR by (NP committee)))))))) , (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP treats (NP a president) (PP-CLR as (NP (NP just another guy) (PP-LOC at (NP the table)))))))))) .)) (TOP (S (NP-SBJ (NP The reply) (PP of (NP the Metzenbaums and Cohens))) (VP is (SBAR-PRD that (S (NP-SBJ we) (VP ca n't (VP abolish (NP these oversight committees) (SBAR-PRP because (S (NP-SBJ we) (VP 've (VP seen (NP (NP (ADJP too many) abuses) (PP of (NP executive power)))))))))))) .)) (TOP (S But (NP-SBJ Panama) (VP illustrates (SBAR that (S (NP-SBJ their substitute) (VP is (NP-PRD (NP a system) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP produces (NP an absurd gridlock))))))))) .)) (TOP (S (NP-SBJ The lawyers) (VP are (ADVP-TMP now) (PP-PRD in (NP (NP charge) (PP of (NP our national security))))) .)) (TOP (S (S (PP-LOC In (NP Panama)) , (NP-SBJ (NP the U.S. interests) (PP at (NP stake))) (VP were (ADVP happily) (ADJP-PRD minor))) ; (S (NP-SBJ (NP the only people) (VP killed (NP *))) (VP were (NP-PRD (NP foreigners) (ADJP hapless enough (S (NP-SBJ *) (VP to (VP trust (NP American will)))))))) .)) (TOP (S (NP-SBJ Americans) (VP may not (VP be (ADJP-PRD so lucky) (NP-TMP the next time))) .)) (TOP (S (NP-SBJ-1 I) (VP was (VP impressed (NP *-1) (PP by (NP-LGS (NP the perceptiveness) (PP of (NP (NP your (ADJP Sept. 12) story) (NX-TTL `` (NP Rural Enterprise) : (NP (NP Tough Row) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP To (VP Hoe (NP *T*-2))))))))))))) . '')) (TOP (S (NP-SBJ We) (VP (VP lived (PP-LOC in (NP rural areas)) (NP-TMP many years)) , but (VP (ADVP-TMP now) live (PP-LOC in (NP (NP St. Louis County) , (NP Mo))))) .)) (TOP (S (NP-TMP This morning) (SBAR-TMP as (S (NP-SBJ I) (VP (VP drove (NP (NP the 13 miles) (PP to (NP my law office)))) and (VP endured (NP the routine heavy traffic) (PP-TMP during (NP that twice-daily journey)))))) , (NP-SBJ I) (VP thought (PP-CLR of (SBAR-NOM (WHADJP-4 how fortunate) (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP was (ADJP-PRD *T*-4) (SBAR-2 that (S (NP-SBJ we) (VP made (NP the decision (S (NP-SBJ *) (VP to (VP be (NP-PRD (NP residents) (PP of (NP (NP an expanding community) (UCP (PP with (NP (ADJP so many) opportunities)) and (SBAR (WHADVP-3 where) (S (NP-SBJ so much) (VP is (VP happening (ADVP-LOC *T*-3))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The presence) (PP of (NP (ADJP so many) (NP (NP people) , (NP cars) and (NP competing businesses))))) (VP is (NP-PRD (NP evidence) (PP of (NP (NP a healthy economy) (PP-LOC in (NP (NP a place) (SBAR (WHADVP-2 where) (S (NP-SBJ-1 people) (VP want (S (NP-SBJ *-1) (VP to (VP live (ADVP-LOC *T*-2))))))))))))) .)) (TOP (S (NP-SBJ I) (VP thought (ADVP back (PP to (NP (NP our time) (PP-LOC in (NP small , sparsely populated communities)))))) .)) (TOP (S (NP-SBJ I) (VP remembered (SBAR (SBAR (WHADJP-4 how hard) (S (NP-SBJ (NP it) (SBAR *EXP*-5)) (VP was (ADJP-PRD *T*-4) (SBAR-5 for (S (NP-SBJ-3 an outsider) (VP to (VP become (VP accepted (NP *-3) (PP by (NP-LGS long-established , stake-holding residents)))))))))) , and (SBAR (WHNP-1 what pitfalls) (S (NP-SBJ *T*-1) (VP awaited (NP an original thinker) (PP-LOC in (NP (NP societies) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP were (ADJP-PRD long accustomed (PP to (NP (NP unchanging , `` safe '' ways) (PP of (NP thought and action))))))))))))))) .)) (TOP (S (NP-SBJ-3 I) (VP remembered (S (NP-SBJ-1 *-3) (VP being (VP fired (NP *-1) (PP-TMP at (NP age 44)) , (PP with (NP (NP five children) (PP-LOC at (NP home)))) ,))) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-2 my views and actions) (VP were (VP deemed (S (NP-SBJ *-2) (ADJP-PRD unsettling)) (PP by (NP-LGS a timid , small-town employer)) (ADVP-TMP *T*-4)))))) .)) (TOP (SBAR (WHADJP-1 How difficult) (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP is (ADJP-PRD *T*-1) (SBAR-2 for (S (NP-SBJ a thinking person) (VP to (VP live (PP-LOC among (NP (NP societies) (VP rooted (NP *) (PP-LOC in (NP the past))))))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ I) (VP revel (PP-CLR in (NP (NP the freedom , culture , activity and diversity) (PP of (NP (NP this great metropolitan area) (PP with (NP (NP its traffic jams) and (NP perpetual road-building projects)))))))) .)) (TOP (S (ADVP Yet) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ my youngest child) (VP died (ADVP-TMP (NP two years) ago) (ADVP-TMP *T*-1)))) , (NP-SBJ I) (VP buried (NP him) (PP-LOC in (NP (NP the church cemetery) (PP of (NP a small Missouri town))))) .)) (TOP (S (ADVP So) (PP after (NP all)) , (NP-SBJ (NP even the bitterest critic) (PP of (NP rural exclusivity))) (VP harbors (NP (NP a continuing yearning) (PP for (NP (NP those scarce , rural virtues) (VP thought (S (NP-SBJ *) (VP to (VP exist (PP-LOC amid (NP (NP fields) , (NP forests) and (NP country lanes))))))))))) .)) (TOP (NP (NP Ronald Edwin Parsons) (NP-LOC (NP Ballwin) , (NP Mo)) .)) (TOP (S (NP-SBJ Finnish government officials) (VP are (VP negotiating (PP-CLR with (NP (NP creditors) (PP of (NP (NP Waertsilae Marine Oy) , (NP (NP a major shipyard) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP filed (PP-CLR for (NP bankruptcy protection)) (NP-TMP this week))))) ,)))) (PP-LOC amid (NP (NP confusion) and (NP mounting doubts (SBAR that (S (NP-SBJ-1 (NP collapse) (PP of (NP (NP the nation 's) entire shipbuilding industry))) (VP can (VP be (VP averted (NP *-1))))))))))) .)) (TOP (SINV (PP-PRD-TPC-2 At (NP stake)) (VP are (PP-PRD *T*-2)) (NP-SBJ (NP (QP almost 10,000) jobs) (PP-LOC in (NP (NP an industry) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP been (NP-PRD (NP the mainstay) (PP of (NP (NP Finland 's) post-war economic revival)))))))))) .)) (TOP (S (NP-SBJ Shipbuilding) (VP became (NP-PRD (NP a point) (PP of (NP pride))) (SBAR-ADV as (S (NP-SBJ Finnish shipyards) (VP remained (ADJP-PRD profitable) (SBAR-TMP (ADVP long) after (S (NP-SBJ (NP rivals) (PP *ICH*-1)) (VP collapsed (PP-LOC-1 all over (NP Europe))))))))) .)) (TOP (S But (SBAR-ADV if (PRN , (SBAR-ADV as (S (NP-SBJ many) (ADVP-TMP now) (VP fear))) ,) (S (NP-SBJ Waertsilae Marine) (VP joins (NP (NP the ranks) (PP of (NP failed shipyards)))))) (NP-SBJ-2 it) (VP might (VP turn (PRT out) (S (NP-SBJ-1 *-2) (VP to (VP be (VP remembered (NP *-1) (ADVP most) (PP-CLR as (NP (NP a blemish) (PP-LOC on (NP (NP Finland 's) international reputation)))))))))) .)) (TOP (S (NP-SBJ (NP The shipyard 's) (QP 6.5 billion) Finnish markka (PRN -LRB- (NP (QP $ 1.54 billion) *U*) -RRB-) backlog) (VP includes (NP (NP (QP about 20) ships) (VP ordered (NP *) (PP by (NP-LGS big international shippers))) , (PP including (NP (NP three) (PP for (NP Carnival Cruise Lines Inc)))))) .)) (TOP (S (NP-SBJ Miami-based Carnival) (VP said (SBAR 0 (S (NP-SBJ-2 (NP the first) (PP of (NP the three ships))) (VP is (VP scheduled (S (NP-SBJ-1 *-2) (VP to (VP be (VP delivered (NP *-1) (NP-TMP next month) , (PP-TMP (ADVP just) in (NP (NP time) (PP for (NP (NP the winter tourist season) (PP-LOC in (NP the Caribbean))))))))))))))) .)) (TOP (S (S (NP-SBJ-2 The second ship) (VP is (VP scheduled (S (NP-SBJ-1 *-2) (VP to (VP be (VP delivered (NP *-1) (PP-TMP-3 in (NP fall 1990))))))))) and (S (NP-SBJ=2 the third) (PP-TMP=3 in (NP fall 1991))) .)) (TOP (S (NP-SBJ One analyst) (VP said (SBAR (SBAR 0 (S (NP-SBJ-1 the first ship) (ADVP probably) (VP will (VP be (VP delivered (NP *-1) (ADVP-TMP close (PP to (NP schedule)))))))) , but (SBAR that (S (NP-SBJ-2 Carnival) (VP may (VP have (S (NP-SBJ-3 *-2) (VP to (VP pay (NP-ADV (ADJP (QP up to 25) %) more) (S-PRP (NP-SBJ *-3) (VP to (VP get (NP the (ADJP second and third) ships))))))))))))) .)) (TOP (S (NP-SBJ-3 All the ships) (VP are (VP covered (NP *-3) (PP by (NP-LGS (NP loan guarantees) (PP from (NP a state export financing agency)))) , (SBAR-ADV even though (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP 's not (ADJP-PRD clear) (SBAR-2 whether (S (NP-SBJ-4 they) (VP will (ADVP actually) (VP be (VP built (NP *-4))))))))))) .)) (TOP (S (NP-SBJ Bankers) (VP worry (SBAR that (S (SBAR-ADV if (S (NP-SBJ the government) (VP makes (S (ADJP-PRD good) (NP-SBJ a threat (S (NP-SBJ *) (VP to (VP withdraw (NP its guarantee commitments))))))))) , (NP-SBJ shippers) (VP will (VP counter (PP-MNR with (NP (NP a hail) (PP of (NP lawsuits))))))))) .)) (TOP (S (NP-SBJ State loan guarantees) (VP are (ADVP-TMP rarely) (NP-PRD (NP a source) (PP of (NP controversy)))) .)) (TOP (S (ADVP However) , (NP-SBJ some bankers) (VP cited (NP (NP possible parallels) (PP between (NP (NP the Waertsilae Marine case) and (NP (NP the collapse) (PP of (NP (NP Norway 's) state-owned Kongsberg Vappenfabrikk AS)) (ADVP-TMP (NP two years) ago)))))) .)) (TOP (S (PP In (NP that case)) , (NP-SBJ international banks and investors) (VP incurred (NP big losses) (SBAR-PRP because (S (NP-SBJ they) (VP (ADVP-MNR incorrectly) believed (SBAR 0 (S (NP-SBJ (NP the company 's) debt) (VP carried (NP implicit state guarantees)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Doubts) (PP about (NP (NP the quality) (PP of (NP state credit guarantees))))) (VP could (VP reduce (NP (NP the competitive strength) (PP of (NP Finnish companies)) (PP-LOC in (NP (NP world markets) (SBAR (WHADVP-1 where) (S (NP-SBJ financing) (ADVP often) (VP is (NP-PRD (NP the key) (PP to (S-NOM (NP-SBJ *) (VP winning (NP orders))))) (ADVP-LOC *T*-1)))))))))) , (NP-SBJ analysts) (VP warn (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-2 (ADVP Moreover) , (NP-SBJ (NP (ADJP state-owned Finnish) companies) (VP lacking (NP formal state guarantees))) (VP could (VP face (NP (NP greater difficulty) (S (NP-SBJ *) (VP raising (NP funds) (PP-LOC in (NP international financial markets)))))))) , (NP-SBJ bankers) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP The decision (S *ICH*-1)) (PP by (NP (NP a majority) (PP of (NP state-appointed Waertsilae Marine directors)))) (NP-TMP Monday) (S-1 (NP-SBJ *) (VP to (VP file (PP-CLR for (NP bankruptcy)))))) (VP was (NP-PRD (NP an abrupt about-face) (PP from (NP previous government policy)))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ the government) (VP played (NP (NP a major part) (PP-LOC in (NP (NP a sweeping restructuring) (PP of (NP the troubled shipyard)))))) .)) (TOP (S (PP-TMP At (NP the time)) (S-ADV (NP-SBJ *-1) (ADJP-PRD 71%-controlled (PP by (NP (NP Oy Waertsilae) , (NP a conglomerate) ,)))) (NP-SBJ-1 the shipbuilding unit) (VP (VP faced (NP (NP potential losses) (VP estimated (NP *) (PP-CLR at (NP (QP one billion) markka))))) and (VP was (PP-PRD on (NP (NP the brink) (PP of (NP liquidation)))))) .)) (TOP (S (PP-LOC Under (NP the rescue plan)) , (NP-SBJ Waertsilae) (VP sold (NP (NP 51 %) (PP of (NP its stake))) (PP-DTV to (NP (NP a group) (PP of (NP (NP banks) and (NP pension funds)))))) .)) (TOP (S (NP-SBJ-1 The government) , (PP in (NP turn)) , (VP (VP guaranteed (NP financing) (S-PRP (NP-SBJ *-1) (VP to (VP complete (NP the order backlog))))) and (VP took (NP-CLR control) (PP-CLR of (NP the board)))) .)) (TOP (S (NP-SBJ-1 Government officials) (VP were (VP expected (S (NP-SBJ *-1) (VP to (VP (VP combine (NP Waertsilae Marine) (PP-CLR with (NP two other struggling firms))) , and (VP (ADVP thus) ensure (NP (NP (NP Finland 's) survival) (PP as (NP a shipbuilding nation))))))))) .)) (TOP (S (NP-SBJ-1 The government) (VP (VP spent (NP-ADV (NP most) (PP of (NP last year))) (S-CLR (NP-SBJ-2 *-1) (VP attempting (S (NP-SBJ *-2) (VP to (VP carry (PRT out) (NP such a plan))))))) but (VP was (VP thwarted (NP *-1) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the parent Waertsilae concern) (VP pulled (ADVP out) (PP-TMP at (NP the last minute)) (ADVP-TMP *T*-3))))))) .)) (TOP (S (UCP-ADV (PP-TMP After (NP (NP the restructuring) (PP of (NP Waertsilae Marine)))) and (S-ADV (NP-SBJ-1 *-2) (VP bolstered (NP *-1) (PP by (NP-LGS state loan guarantees))))) , (NP-SBJ-2 (NP two big bank creditors) , (NP (NP (NP Union Bank) (PP of (NP Finland))) and (NP state-controlled Postipankki)) ,) (VP resumed (S (NP-SBJ *-2) (VP lending (NP the shipyard) (NP working capital)))) .)) (TOP (S But (NP-SBJ the bankers) (VP (VP got (NP cold feet) (ADVP-TMP recently) (SBAR-ADV as (S (NP-SBJ government officials) (VP complained (SBAR 0 (S (NP-SBJ-1 they) (VP had (VP been (VP misled (NP *-1) (PP-CLR about (NP (NP the shipyard 's) actual financial condition))))))))))) , and (VP hinted (SBAR 0 (S (NP-SBJ-2 the credit guarantees) (VP might (VP be (VP withdrawn (NP *-2)))))))) .)) (TOP (S (NP-SBJ (NP People) (ADJP familiar (PP with (NP (NP Monday 's) board meeting)))) (VP said (SBAR 0 (S-CLF (NP-SBJ it) (VP was (NP-PRD (NP the state 's) refusal (S (NP-SBJ *) (VP to (VP (ADVP-MNR explicitly) reaffirm (NP the credit guarantees))))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP led (S (NP-SBJ (NP Union Bank) and (NP Postipankki)) (VP to (VP halt (NP (NP lending) (PP to (NP Waertsilae Marine))))))))))))) .)) (TOP (S (ADVP Then) , (PP-LOC in (NP a boardroom showdown)) , (NP-SBJ-1 state-appointed directors) (VP voted (S (NP-SBJ *-1) (VP to (VP file (PP-CLR for (NP bankruptcy))))) , (PP-LOC (ADVP apparently) under (NP (NP instructions) (PP from (NP (NP Finland 's) Industry Minister Ilkka Suominen))))) .)) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ Mr. Suominen) (VP had (VP grown (ADJP-PRD increasingly worried (PP about (NP (NP the state 's) potential financial exposure))) (SBAR-TMP as (S (NP-SBJ (NP Waertsilae Marine 's) losses) (VP ballooned (PP-CLR to (NP (NP (QP more than double) the figure) (VP estimated (NP *) (PP-TMP in (NP August))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Noting (SBAR that (S (NP-SBJ-2 Sweden) (VP wound (PRT up) (S (NP-SBJ *-2) (VP wasting (NP (NP state subsidies) (PP of (NP (NP (QP about 35 billion) Swedish kronor) (PRN -LRB- (NP (QP $ 5.47 billion) *U*) -RRB-)))) (PP-TMP during (NP the 1970s)) (PP in (NP a vain attempt (S (NP-SBJ *) (VP to (VP salvage (NP its shipbuilding industry))))))))))))) , (NP-SBJ-1 one analyst) (VP suggested (SBAR that (S (NP-SBJ-3 Mr. Suominen) (VP may (VP have (VP decided (S (NP-SBJ *-3) (VP to (VP cut (NP (NP Finland 's) losses) (ADVP-TMP (ADVP once) and (PP for (NP all)))))))))))) .)) (TOP (S (NP-SBJ Senior ministry officials) (VP huddled (PP-CLR with (NP creditors)) (PP-TMP during (NP the week)) (PP in (NP an attempt (S (NP-SBJ *) (VP to (VP agree (PP-CLR on (NP (NP some form) (PP of (NP restructuring)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP keep (S (NP-SBJ Waertsilae Marine) (VP operating)))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ The talks) (VP may (VP drag (PRT on) (PP-TMP for (NP weeks)) (SBAR-TMP before (S (NP-SBJ-1 any concrete result) (VP is (VP announced (NP *-1)))))))) , (NP-SBJ (NP people) (ADJP familiar (PP with (NP them)))) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ One solution) (VP would (VP be (S-PRD (NP-SBJ *) (VP to (VP sell (NP the shipyard) (PP-DTV to (NP an outsider))))))) .)) (TOP (S But (NP-SBJ-1 there) (VP appear (S (NP-SBJ *-1) (VP to (VP be (NP-PRD few (PRN , (SBAR if (FRAG any)) ,) suitors))))) .)) (TOP (S (S-TPC-2 (ADVP Indeed) , (NP-SBJ the potential losses) (VP make (S (NP-SBJ any rescue scheme) (ADJP-PRD unlikely)) (SBAR-ADV unless (S (NP-SBJ-1 the politicians) (ADVP-TMP once again) (VP (VP change (NP tack)) and (VP agree (S (NP-SBJ *-1) (VP to (VP pick (PRT up) (NP the bill)))))))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (ADVP Meantime) , (NP-SBJ (NP shippers) (PP with (NP (NP vessels) (PP on (NP (NP order) (PP from (NP Waertsilae Marine))))))) (VP will (VP remain (PP-PRD in (NP limbo)))) .)) (TOP (S (NP-SBJ Turner Broadcasting System Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP an extraordinary loss) (PP of (NP (QP about $ 122 million) *U*)) (PP-TMP in (NP the fourth quarter)) (PP-PRP due (PP to (NP (NP early retirement) (PP of (NP debt))))))))))))) .)) (TOP (S (NP-SBJ The cable programmer) (VP said (SBAR 0 (S (NP-SBJ the loss) (VP will (VP consist (ADVP primarily) (PP-CLR of (NP (NP prepayment penalties) , and (NP unamortized issue discount) and (NP (NP costs) (ADJP related (PP to (NP (NP its just-completed (ADJP (QP $ 1.6 billion) *U*) refinancing) (PP of (NP (NP its long-term debt) and (NP (NP some preferred stock) (PP-LOC in (NP (NP one) (PP of (NP its subsidiaries)))))))))))))))))) .)) (TOP (S (NP-SBJ A Turner spokesman) (VP (VP would n't (VP speculate (PP-CLR on (NP (NP the extent) (PP of (NP (NP (NP the charge 's) effect) (PP on (NP (NP the quarter 's) earnings)))))))) , but (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP continues (S (NP-SBJ-2 *-1) (VP to (VP expect (S (NP-SBJ *-2) (VP to (VP report (NP a net loss) (PP-TMP for (NP 1989))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the repayment or redemption) (PP of (NP (NP the long-term debt) , and (NP (NP the outstanding Class A cumulative exchangeable preferred stock) (PP of (NP Cable News Network))))) ,) (VP was (VP made (S (NP-SBJ *-1) (ADJP-PRD possible)) (PP by (NP-LGS (NP an offering) (PP of (NP (NP (NP (QP about $ 750 million) *U*) (PP of (NP debentures and notes))) and (NP (NP (QP $ 900 million) *U*) (PP in (NP bank borrowings)))))))))))) .)) (TOP (S (NP-SBJ The offering) (VP included (NP (NP (NP (QP $ 550 million) *U*) (PP of (NP (NP (ADJP 12 %) senior subordinated debentures) (ADJP due (NP 2001))))) and (NP (NP (QP $ 200 million) *U*) (PP of (NP (NP zero coupon liquid yield option notes) (ADJP due (NP 2004))))))) .)) (TOP (S (NP-SBJ-2 The notes) (VP (VP were (VP priced (NP-3 *-2) (S-CLR (NP-SBJ *-3) (VP to (VP yield (NP 8 %)))))) and (VP are (ADJP-PRD convertible (PP into (NP (NP the company 's) Class B common stock))) (PP-MNR at (NP (NP a price) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP represents (NP (NP a (ADJP 15 %) premium) (PP over (NP (NP the market price) (PP-TMP on (NP Oct. 10 , 1989)))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the company) (VP called (NP (NP its (ADJP (QP 12 7) %) senior subordinated notes) (ADJP due (NP-TMP 1994))) , (PP with (NP (NP an aggregate principal amount) (PP of (NP (QP $ 200 million) *U*)))) , (PP for (NP (NP redemption) (PP-TMP on (NP Dec. 15))))) .)) (TOP (S (PP-PRP As (NP (NP a result) (PP of (NP the refinancing)))) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ (NP the interest) (PP on (NP the debt))) (VP will (VP fall (PP-DIR to (NP (NP slightly more) (PP than (NP 11 %)))) (PP-DIR from (NP (NP slightly more) (PP than (NP 14 %))))))))) .)) (TOP (S (PP-LOC In (NP American Stock Exchange composite trading)) , (NP-SBJ (NP Turner 's) Class A stock) (VP closed (PP-CLR at (NP $ 50.50 *U*)) , (ADVP down (NP 37.5 cents))) .)) (TOP (S (NP-SBJ General Motors Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (ADVP-MNR temporarily) (VP idle (NP its (NP (NP Arlington) , (NP Texas) ,) assembly plant) (PP-TMP for (NP one week)) (PP-TMP beginning (NP Monday)) (PP-PRP because of (NP slow sales))))))) .)) (TOP (S (NP-SBJ The closing) (VP will (VP (VP affect (NP (QP about 3,000) workers)) and (VP eliminate (NP (NP production) (PP of (NP 700 cars)))))) .)) (TOP (S (NP-SBJ The assembly plant) (VP builds (NP the (NX (NX Cadillac DeVille) , (NX Chevrolet Caprice) and (NX Oldsmobile Cutlass Ciera Wagon)))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP GM 's) Truck & Bus Group) (VP said (SBAR 0 (S (NP-SBJ slow sales) (VP are (VP forcing (S (NP-SBJ it) (VP to (VP close (NP its Detroit assembly plant) (NP-TMP (NP the week) (PP beginning (NP Monday))))))))))) .)) (TOP (S (S (NP-SBJ The plant) (VP builds (NP (NP chassis) (PP for (NP recreational vehicles))))) and (S (NP-SBJ-1 (QP about 450) workers) (VP will (VP be (VP affected (NP *-1) (PP by (NP-LGS the closing)))))) .)) (TOP (S (NP-SBJ The (ADJP No. 1) auto maker) (VP scheduled (NP overtime) (NP-TMP this week) (PP-LOC at (NP (NP its (NP (NP Janesville) , (NP Wis.) ,) assembly plant) , (NP (NP manufacturer) (PP of (NP the Chevrolet Cavalier)))))) .)) (TOP (S (NP-SBJ-1 The nine major U.S. auto makers) (VP plan (S (NP-SBJ *-1) (VP to (VP build (NP 147,121 vehicles) (NP-TMP this week) , (ADVP (ADVP down (NP 9.6 %) (PP from (NP the 162,767) (ADVP-TMP (NP a year) ago))) , but (ADVP (ADVP (NP 2.5 %) higher) (PP than (NP (NP last week 's) 143,534)))))))) .)) (TOP (S (NP-SBJ Ford Motor Co.) (VP slated (NP overtime) (ADVP again) (NP-TMP this week) (PP-LOC at (NP its (NP (NP (NP Wixom) , (NP Mich.)) ; (NP (NP Wayne) , (NP Mich.)) ; (NP (NP Kansas City) , (NP Mo.)) , and (NP (NP Norfolk) , (NP Va.)) ,) assembly plants))) .)) (TOP (S (NP-SBJ They) (VP build (NP (NP the (NX (NX Lincoln Town Car) , (NX Continental) and (NX Mark VII))) , (NP the Ford Escort) and (NP full-sized pickup trucks))) .)) (TOP (S (NP-SBJ Chrysler Corp.) (VP scheduled (NP overtime) (NP-TMP this week) (PP-LOC at (NP its (NP (NP St. Louis Assembly Plant No. 2) (NP , (NP (NP Newark) , (NP Del.)) , and (NP (NP Sterling Heights) , (NP Mich.)) , assembly plants))))) .)) (TOP (S (NP-SBJ They) (VP build (NP (NP extended minivans) and (NP the (NX (NX Dodge Spirit) , (NX Acclaim) , (NX Shadow) and (NX Sundance))))) .)) (TOP (S (LST d) - (NP-SBJ Percentage change) (VP is (ADJP-PRD greater (PP than (NP 999 %)))) .)) (TOP (NP (LST e) - (NP Estimated) .)) (TOP (S (LST f) - (NP-SBJ *) (VP Includes (NP (NP Chevrolet Prizm) and (NP Toyota Corolla))) .)) (TOP (NP (LST r) - (NP Revised) .)) (TOP (S (LST x) - (NP-SBJ Year-to-date 1988 figure) (VP includes (NP (NP Volkswagen domestic-production) (PP through (NP July)))) .)) (TOP (S (NP-SBJ (NP The surprise resignations) (PP of (NP two top economic government officials))) (VP heaped (NP more uncertainty) (PP-CLR on (NP (NP (NP London 's) financial markets) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP already) (VP have (VP been (VP laboring (PP-CLR under (NP (NP worries) (PP about (NP (NP Britain 's) ailing economy)))))))))))) .)) (TOP (SINV (S-TPC-3 `` (NP-SBJ (NP The last thing) (SBAR (WHNP-2 0) (S (NP-SBJ markets) (VP like (NP *T*-2))))) (VP is (NP-PRD uncertainty)) , '') (VP said (S *T*-3) (PP-CLR *ICH*-1)) (NP-SBJ (NP Ian Harwood) , (NP (NP chief economist) (PP-LOC at (NP S.G. Warburg & Co.))) ,) (PP-CLR-1 of (NP (NP the resignations) (PP of (NP (NP (NAC Chancellor (PP of (NP the Exchequer))) Nigel Lawson) and (NP chief economic adviser Sir Alan Walters))))) .)) (TOP (S `` (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ you) (VP 'll (VP see (S (NP-SBJ share prices) (VP go (ADVP down))))))))) , and (S (NP-SBJ sterling) (ADVP-TMP now) (VP is (PP-PRD under (NP (NP something) (PP of (NP a cloud)))))) . '')) (TOP (S (NP-SBJ-2 The pound) (ADVP-TMP immediately) (VP began (S (NP-SBJ *-2) (VP to (VP take (NP a buffetting)))) (SBAR-TMP after (S (NP-SBJ-1 the resignations) (VP were (VP announced (NP *-1)))))) .)) (TOP (S (PP-LOC In (NP late New York trading)) , (NP-SBJ sterling) (VP stood (PP-LOC at (NP $ 1.5765 *U*)) , (ADVP down (PP from (NP $ 1.6145 *U*) (NP-TMP late Wednesday)))) .)) (TOP (S (NP-SBJ The British economy) (VP is (ADVP hardly) (NP-PRD (NP the picture) (PP of (NP health))) (NP-TMP these days)) .)) (TOP (S (S (S-ADV (NP-SBJ *-1) (PP-PRD At (NP 15 %))) , (NP-SBJ-1 base interest rates) (VP are (NP-PRD (NP the highest) (PP-TMP in (NP eight years))))) , and (S (NP-SBJ the 7.6 % annual inflation rate) (VP is (PP by far) (NP-PRD (NP the highest) (PP-LOC in (NP the European Community))))) .)) (TOP (S (NP-SBJ Unions) (VP are (VP pressing (NP (NP demands) (PP for (NP (NP wage increases) (PP of (NP (NP more) (PP than (NP 10 %))))))) (PP despite (NP general belief (SBAR that (S (NP-SBJ (NP economic growth) (NP-TMP next year)) (VP will (VP be (ADJP-PRD less (PP than (NP 2 %))))))))))) .)) (TOP (S (ADVP Increasingly) , (NP-SBJ the financial markets) (VP are (VP reflecting (NP the gloom))) .)) (TOP (S (NP-SBJ The Financial Times 100-share index) (VP has (VP dropped (NP-ADV (QP about 12) %) (PP from (NP (NP its 1989 high) (PP of (NP 2423.9))) (PP-TMP on (NP Sept. 8))))) .)) (TOP (S (NP-TMP Yesterday) , (SBAR-TMP (ADVP even) before (S (NP-SBJ-1 the resignations) (VP were (VP announced (NP *-1))))) , (NP-SBJ-2 the index) (VP dove (NP-ADV 32.5 points) (S-CLR (NP-SBJ *-2) (VP to (VP close (PP-LOC-CLR at (NP 2129.4)))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ We) (VP are (VP expecting (NP a recession))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Donald Franklin) , (NP (NP chief economist) (PP-LOC at (NP Schroders investment bank)))) .)) (TOP (S `` (NP-SBJ The only question) (VP is , (SBARQ-PRD (WHADJP-1 how deep) (SQ is (NP-SBJ-2 it) (VP going (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD *T*-1)))))))) ?)) (TOP (S (NP-SBJ (NP The outlook) (PP for (NP corporate earnings))) (VP is (ADJP-PRD fairly bleak)) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's (ADJP-PRD quite likely) (SBAR-1 0 (S (NP-SBJ-2 we) (VP 're (VP going (S (NP-SBJ *-2) (VP to (VP get (NP (NP repeats) '' (PP of (NP the mid-October market shocks))))))))))) .)) (TOP (S (NP-SBJ-1 Red ink) (ADVP already) (VP has (VP begun (S (NP-SBJ *-1) (VP to (VP flow (PP-LOC in (NP (NP the wake) (PP of (NP (NP the U.S.-U.K. market breaks) (PP of (NP (NP Oct. 13) and (NP Oct. 16)))))))))))) .)) (TOP (S (NP-SBJ (NP London-based LIT Holdings) , (NP (NP the largest financer) (PP of (NP traders)) (PP-LOC in (NP the Chicago options and futures markets))) ,) (VP said (NP-TMP yesterday) (SBAR 0 (S (NP-SBJ it) (VP will (VP incur (NP a second-half loss) (PP-PRP as (NP (NP a result) (PP of (NP the market plunge))))))))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-1 which) (S (ADVP also) (NP-SBJ *T*-1) (VP will (VP omit (NP its second-half dividend))))) ,) (VP did n't (VP specify (NP the size))) .)) (TOP (S But (NP-SBJ company insiders) (VP estimated (SBAR that (S (NP-SBJ the loss) (VP could (VP approach (NP (NP the equivalent) (PP of (NP (QP $ 10 million) *U*)))))))) .)) (TOP (S (NP-SBJ (NP Christopher Castleman) , (NP LIT chief executive) ,) (VP said (PP-LOC in (NP an interview)) (SBAR that (S (NP-SBJ the loss) (VP stemmed (PP-CLR from (NP (NP the default) (PP of (NP (NP three options traders) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP bet (PP-CLR on (NP (NP a price rise) (PP in (NP UAL Corp. shares)) (PP-TMP before (NP Oct. 13)))))))))))))))) .)) (TOP (S (NP-SBJ The price) (VP plummeted (SBAR-TMP after (S (NP-SBJ (NP a proposed leveraged buy-out) (PP of (NP the airline))) (VP fell (ADVP-CLR through))))) .)) (TOP (S (NP-SBJ-1 LIT Holdings shares) (VP plummeted (NP-ADV 36 pence) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-LOC at (NP (NP (NP 54 pence) (PRN -LRB- (NP 85 cents) -RRB-)) , (NP a (ADJP 40 %) drop) ,)) (PP-LOC on (NP (NP London 's) stock exchange)))))) .)) (TOP (S (NP-SBJ (NP Denizens) (PP of (NP (NP London 's) financial district))) (VP are (VP cushioning (NP themselves) (PP-CLR for (NP heavy blows)))) .)) (TOP (SINV (S-TPC-2 `` (NP-SBJ (NP A lot more) (PP of (NP our customers))) (VP are (VP staying (PP-TMP until (NP our 10 p.m. closing time)))) , '') (VP says (S *T*-2)) (NP-SBJ (NP Christopher Brown) , (NP (NP managing director) (PP of (NP (NP Corney & Barrow Restaurants Ltd.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP runs (NP (NP five tony wine bars) (PP-LOC in (NP the district)))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ There) (VP 's (NP-PRD (NP a strong sense (SBAR *ICH*-2)) (PP-LOC among (NP the martini set)) (SBAR-2 that (S (NP-SBJ there) (VP 's (NP-PRD (NP more (PRN -LCB- bad news -RCB-)) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP come)))))))))) , '') (VP asserts (S *T*-1)) (NP-SBJ (NP Roger Yates) , (NP (NP chief investment officer) (PP-LOC at (NP Morgan Grenfell Asset Management)))) .)) (TOP (S `` (NP-SBJ (NP People) (PP-LOC in (NP the stock market))) (VP were (ADVP-EXT very much) (NP-PRD (NP (NP Thatcher 's) children) -- (NP very young and wealthy optimists))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ it) (VP 's (VP dawning (PP-CLR on (NP them)) (SBAR that (S (NP-SBJ they) (VP can (VP be (ADJP-PRD non-wealthy))))))) . '')) (TOP (S (NP-SBJ The malaise) (VP has (VP created (NP (NP a nostalgic longing) (PP for (NP (NP the uncomplicated days) (PP of (NP the mid-1980s)) , (PP-TMP before (NP (NP a rash) (PP of (NP (NP securities-firm mergers) (PP-TMP on (NP (NP the eve) (PP of (NP (NP (NP the industry 's) deregulation) (PP-TMP in (NP 1986))))))))))))))) .)) (TOP (SINV (S-TPC-4 `` (NP-SBJ-1 People) (VP come (PP-DIR to (NP us)) (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ-2 they) (VP 'd (VP like (S (NP-SBJ *-2) (VP to (VP be (ADVP-PRD (ADVP back) (SBAR (WHADVP-3 where) (S (NP-SBJ they) (VP were (ADVP-PRD *T*-3) (ADVP-TMP (NP a few years) ago)))) , (PP in (NP (NP a (ADJP more collegial) atmosphere ,) (PP with (NP less tension))))))))))))))) , '') (VP says (S *T*-4)) (NP-SBJ (NP Stephen Waterhouse) , (NP (NP managing director) (PP of (NP (NP Hanover Partners Ltd.) , (NP a financial district head-hunting firm))))) .)) (TOP (S (S-TPC-2 But (PP-TMP after (NP (NP trading losses) (PP-LOC in (NP (NP the mid-October market jolts) (ADVP-LOC here))))) , (NP-SBJ-1 many people) (VP will (VP be (ADJP-PRD lucky (S (NP-SBJ *-1) (VP to (VP have (NP jobs) (ADVP at all))))))) ,) (NP-SBJ executives) (VP predict (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP The industry) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP currently) (VP employs (NP (QP about 25,000) people) (PP-LOC in (NP London))))) ,) (VP has (VP shed (NP (QP about 2,500) jobs) (PP-TMP over (NP the past two years)))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ I) (VP can (VP see (NP (NP cuts) (PP of (NP (ADJP (QP at least 20) %) more))))) , '') (VP says (S *T*-1)) (NP-SBJ (NP the head) (PP of (NP (NP the London office) (PP of (NP a major U.S. firm))))) .)) (TOP (S (S (NP-SBJ The mergers and acquisitions market) (VP has (VP been (NP-PRD (NP a saving grace) (PP for (NP the industry)))))) , but (S (NP-SBJ-1 uncertainties) (VP are (VP beginning (S (NP-SBJ *-1) (VP to (VP mount (ADVP-LOC even there))))))) .)) (TOP (S (NP-SBJ-1 Intra-European takeovers) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP continue (PP-MNR at (NP their brisk pace))))))) .)) (TOP (S But (NP-SBJ investment bankers) (VP say (SBAR that (S (NP-SBJ (NP stock market uncertainties) (PP-LOC in (NP the U.S.))) (VP may (VP cause (S (NP-SBJ-1 many European companies) (VP to (VP mark (NP time) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP bidding (PP-CLR for (NP American companies))))) , (PP-PRP in (NP the hope (SBAR that (S (NP-SBJ share prices) (VP will (VP come (PRT down))))))))))))))) .)) (TOP (SINV (S-TPC-2 `` (SBAR-ADV If (S (NP-SBJ (NP prices) (PP-LOC in (NP the States))) (VP go (PRT down)))) , (NP-SBJ-1 (NP industrial buyers) (PP-LOC in (NP Europe))) (VP have (NP (NP the opportunity) (PP of (S-NOM (NP-SBJ *-1) (VP getting (NP reasonable prices) (PP-LOC in (NP the U.S.))))))) , '') (VP says (S *T*-2)) (NP-SBJ (NP Francois von Hurter) , (NP (NP chief) (PP of (NP Continential M&A)) (PP-LOC at (NP Credit Suisse First Boston Ltd)))) .)) (TOP (S But (NP-SBJ he) (VP adds : (S `` (NP-SBJ (NP Everybody) and (NP his sister)) (VP have (VP opened (PRT up) (NP M&A shops))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD difficult) (S-1 (NP-SBJ *) (VP to (VP see (SBAR that (S (NP-SBJ-2 there) (VP 's (VP going (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP enough business) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP go (PRT around))))))))))))))))) .)) (TOP (S (NP-SBJ (QP About eight) firms) (VP will (VP get (NP (NP the lion 's) share))) .)) (TOP (S (PP-LOC At (NP the others)) , (NP-SBJ-3 there) (VP are (VP going (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP a lot) (PP of (NP disappointments))) , (PP after (NP (NP all those promises) and (NP (NP all that big money) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP 's) (VP been (VP paid (NP *-1) (PP-DIR to (NP people)))))))))))))) . '')) (TOP (S (NP-SBJ It) all (VP adds (PRT up) (PP-CLR to (NP (NP a cold winter) (ADVP-LOC here)))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ (NP Allen D. Wheat) , (NP (NP head) (PP of (NP trading)) (PP-LOC at (NP Bankers Trust Co.)))) : (S-1 `` (NP-SBJ People) (VP are (ADJP-PRD (ADVP just) plain scared))) . '')) (TOP (S (NP-SBJ (NP One person) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP is (ADJP-PRD past (S (NP-SBJ *-2) (VP worrying (PP-CLR about (NP (NP London 's) blues))))))))) (VP is (NP-PRD Christopher Hartley)) .)) (TOP (S (NP-TMP Last summer) , (NP-SBJ he) (VP (VP chucked (NP (NP his 10-year career) (PP as (NP a London stockbroker)))) and (VP headed (PP-CLR for (NP the mountains)))) .)) (TOP (S (NP-SBJ He) (VP did n't (VP stop (SBAR-TMP until (S (NP-SBJ he) (VP got (PP-CLR to (NP (NP Jackson Hole) , (NP Wyo)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 I) (VP 'm (ADJP-PRD glad (S (NP-SBJ *-1) (VP to (VP be (ADVP-PRD out))))))) , '' (VP said (S *T*-2)) (NP-SBJ the 32-year-old Mr. Hartley) (PP-LOC in (NP a phone interview)) .)) (TOP (S `` (S (NP-SBJ (NP (NP The percentage) (PP of (NP your day))) (VP spent (S (NP-SBJ *) (VP twiddling (NP your thumbs))))) (VP got (ADJP-PRD greater))) , and (S (NP-SBJ-1 the work day) (VP kept (S (NP-SBJ *-1) (VP getting (ADJP-PRD longer))))) .)) (TOP (SBARQ (WHNP What) (SQ am (NP-SBJ I) (VP doing (PP-LOC in (NP Jackson Hole)))) ?)) (TOP (NP Not a great deal .)) (TOP (S (NP-SBJ (NP My wife) and (NP I)) (VP will (VP stay (UCP-EXT (UCP (PP through (NP the skiing season)) , or (SBAR until (S (NP-SBJ the money) (VP runs (PRT out))))) -- (SBAR (WHNP-1 whichever) (S (NP-SBJ *T*-1) (VP comes (ADVP-TMP first))))))) .)) (TOP (S But (PP unlike (NP London)) , (PP-LOC out (NP here)) (NP-SBJ I) (VP 've (ADVP-TMP never) (VP heard (S (NP-SBJ anybody) (VP blow (NP a car horn) (PP-MNR in (NP anger)))))) .)) (TOP (S (NP-SBJ SYDNEY-Qintex Australia Ltd.) , (PP-LOC under (NP (NP pressure) (PP from (NP bank lenders)))) , (VP has (VP called (PRT in) (NP-1 accounting firm Peat Marwick Hungerfords) (S-PRP (NP-SBJ *-1) (VP to (VP help (VP (VP oversee (NP asset sales)) and (VP restructure (NP the (NX (NX resorts) and (NX media company)))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ the move) (VP could (VP presage (NP (NP (ADJP even harsher) action) (PP by (NP the banks)))))))) .)) (TOP (S But (NP-SBJ (NP any move) (PP by (NP the banks)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP take (PRT over) (NP (NP Qintex Australia 's) management)))))) (VP could (VP threaten (NP its ability (S (NP-SBJ *) (VP to (VP operate (NP its national television network) (PP-MNR under (NP Australian broadcast license rules)))))))) .)) (TOP (S (NP-SBJ That) , (PP in (NP turn)) , (VP could (VP (ADVP-MNR substantially) reduce (NP (NP the value) (PP of (NP the television assets))))) .)) (TOP (S (NP-SBJ (NP The appointment) (PP of (NP (NP Peat Marwick) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP a unit) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP specializes (PP-CLR in (S-NOM (NP-SBJ *) (VP advising (NP troubled companies))))))))))) ,))) (VP came (PRT about) (PP-PRP as (NP (NP a result) (PP of (NP (NP a round) (PP of (NP (NP meetings) (VP held (NP *) (PP by (NP-LGS Qintex Australia Chairman (NP Christopher Skase))) (PP-MNR with (NP bank creditors)))))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ Mr. Skase) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP (VP is (ADJP-PRD `` solvent)) and (VP (PP-MNR with (NP (NP the continued support) (PP of (NP its bankers)))) is (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP meet (NP its financial commitments)))))))))) . '')) (TOP (S (NP-SBJ Qintex Australia) (VP is (NP-PRD (NP a unit) (PP of (NP Qintex Ltd)))) .)) (TOP (S (NP-SBJ (NP The Qintex group 's) problems) (VP began (PP in (NP earnest)) (PP-TMP in (NP (NP March) , (SBAR (WHADVP-2 when) (S (NP-SBJ-1 Mr. Skase) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP MGM/UA Communications Co)))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (S But (NP-SBJ the transaction) (VP faltered (PP-TMP in (NP (NP September) , (SBAR (WHADVP-2 when) (S (NP-SBJ-1 Qintex Australia) (VP was (VP forced (S (NP-SBJ *-1) (VP to (VP increase (NP its offer) (PP-EXT to (NP (QP US$ 1.5 billion) *U*))))) (PP following (NP (NP a counterbid) (PP from (NP Rupert Murdoch)))) (ADVP-TMP *T*-2))))))))) ; (S (NP-SBJ the deal) (VP fell (PRT apart) (ADVP altogether) (NP-TMP earlier this month))) .)) (TOP (S (NP-SBJ Qintex Australia) (VP owes (NP creditors) (NP (QP around A$ 1.2 billion) *U*)) .)) (TOP (S (NP-TMP Last Friday) , (NP-SBJ (NP Qintex Entertainment Inc.) , (NP its 43%-owned U.S. TV production and distribution affiliate) ,) (VP filed (PP-CLR for (NP Chapter 11 protection))) .)) (TOP (S (NP-SBJ The government) (VP is (VP sharpening (NP (NP (NP its newest weapon) (PP against (NP white-collar defendants))) : (NP (NP the power) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP prevent (NP-2 them) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP paying (NP their legal bills)))))))))))) .)) (TOP (S And (NP-SBJ defense lawyers) (VP are (VP warning (SBAR that (S (NP-SBJ they) (VP wo n't (VP stick (PRT around) (SBAR-ADV if (S (NP-SBJ-1 they) (VP do n't (VP get (VP paid (NP *-1)))))))))))) .)) (TOP (S (NP-SBJ The issue) (VP has (VP come (PP-CLR to (NP a boil)) (PP-LOC in (NP (NP (NP Newark) , (NP N.J.)) , (SBAR (WHADVP-5 where) (S (NP-SBJ federal prosecutors) (VP have (VP warned (NP (NP lawyers) (PP for (NP Eddie Antar))) (SBAR that (S (SBAR-ADV if (S (NP-SBJ-1 (NP the founder and former chairman) (PP of (NP Crazy Eddie Inc.))) (VP is (VP indicted (NP *-1))))) , (NP-SBJ-3 the government) (VP may (VP move (S (NP-SBJ *-3) (VP to (VP seize (NP (NP the money) (SBAR (WHNP-2 that) (S (NP-SBJ-4 Mr. Antar) (VP is (VP using (NP *T*-2) (S-PRP (NP-SBJ *-4) (VP to (VP pay (NP legal fees)))))))))))))))) (ADVP-LOC-6 *T*-5))))))))) .)) (TOP (S (NP-SBJ (NP The warning) (PP by (NP (NP the U.S. attorney 's) office))) (VP follows (NP (NP two decisions) (PP by (NP the U.S. Supreme Court)) (NP-TMP last June))) .)) (TOP (S (PP-LOC In (NP those cases)) , (NP-SBJ the high court) (VP ruled (SBAR that (S (NP-SBJ federal law) (VP gives (NP prosecutors) (NP (NP broad authority) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP seize (NP (NP (NP assets) (PP of (NP (NP people) (VP accused (NP *) (PP-CLR of (NP (NP racketeering) and (NP drug-related crimes))))))) , (VP including (NP (NP fees) (VP paid (NP *) (PP-CLR to (NP lawyers)) (PP-TMP before (NP an indictment))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 the government) (VP succeeds (PP-CLR in (S-NOM (NP-SBJ *-2) (VP seizing (NP (NP Mr. Antar 's) assets))))))) , (NP-SBJ-1 he) (VP could (VP be (VP left (NP *-1) (PP-MNR without (NP top-flight legal representation)) , (SBAR-PRP because (S (NP-SBJ-3 his attorneys) (VP are (ADJP-PRD likely (S (NP-SBJ *-3) (VP to (VP quit))))))) , (PP according (PP to (NP (NP individuals) (ADJP familiar (PP with (NP the case))))))))) .)) (TOP (S (NP-SBJ A seizure) (ADVP also) (VP would (VP make (S (NP-SBJ the case) (NP-PRD (NP the largest) -- and (NP (NP one) (PP of (NP the first))) -- (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 (NP lawyers ') fees) (VP have (VP been (VP confiscated (NP *-1) (PP-LOC in (NP (NP a prosecution) (ADJP unrelated (PP to (NP drugs))))) (PP-LOC *T*-2)))))))))) .)) (TOP (SINV (S-TPC-5 `` (S (NP-SBJ (NP The people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP suffer (PP-TMP in (NP the short run)))))) (VP are (NP-PRD defendants))) , but (S (NP-SBJ (NP the people) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP suffer (PP-TMP in (NP the long run)))))) (VP are (NP-PRD (NP all) (PP of (NP the people))))) , (SBAR-PRP because (S (NP-SBJ there) (VP wo n't (VP be (NP-PRD (NP a vigorous private bar) (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP to (VP defend (NP (NP the Bill) (PP of (NP Rights)))))))))))) , '') (VP says (S *T*-5)) (NP-SBJ (NP Gerald Lefcourt) , (NP (NP a criminal defense attorney) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP says (SBAR 0 (S (NP-SBJ-6 he) (VP has (VP turned (PRT down) (NP (NP a number) (PP of (NP cases))) (S-PRP (NP-SBJ *-6) (VP to (VP avoid (NP possible fee seizures))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Antar) (VP is (VP being (VP investigated (NP *-1) (PP by (NP-LGS (NP a federal grand jury) (PP-LOC in (NP (NP Newark) , (SBAR (WHADVP-2 where) (S (NP-SBJ prosecutors) (VP have (VP told (NP him) (SBAR that (S (NP-SBJ they) (VP may (ADVP-TMP soon) (VP seek (NP (NP an indictment) (PP on (NP racketeering and securities fraud charges))))))) (ADVP-LOC *T*-2)))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP the Racketeer Influenced and Corrupt Organizations law) , or (NP RICO) ,)) (NP-SBJ the government) (VP has (NP (NP the authority) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP seek (S (NP-SBJ *-2) (VP to (VP freeze or seize (NP (NP a defendant 's) assets)))) (PP-TMP before (NP trial)))))))) .)) (TOP (S (PP According (PP to (NP (NP individuals) (ADJP familiar (PP with (NP (NP Mr. Antar 's) case)))))) , (NP-SBJ prosecutors) (VP issued (NP their warning) (NP-TMP this week) (SBAR-TMP after (S (NP-SBJ (NP one) (PP of (NP (NP Mr. Antar 's) attorneys))) (VP asked (SBAR whether (S (NP-SBJ legal fees) (VP might (VP be (ADJP-PRD subject (PP to (NP seizure))))))))))) .)) (TOP (S (PP-LOC In (NP a letter)) , (NP-SBJ prosecutors) (VP told (NP (NP Mr. Antar 's) lawyers) (SBAR that (S (PP-PRP because of (NP the recent Supreme Court rulings)) , (NP-SBJ they) (VP could (VP expect (SBAR that (S (NP-SBJ-1 (NP any fees) (VP collected (NP *) (PP-CLR from (NP Mr. Antar)))) (VP may (VP be (VP seized (NP *-1))))))))))) .)) (TOP (S (NP-SBJ Prosecutors) (VP have (VP told (NP (NP Mr. Antar 's) attorneys) (SBAR that (S (NP-SBJ they) (VP believe (SBAR 0 (S (NP-SBJ (NP Mr. Antar) 's (ADJP allegedly ill-gotten) gains) (VP are (ADJP-PRD so great (SBAR that (S (NP-SBJ (NP any money) (SBAR (WHNP-1 0) (S (NP-SBJ-2 he) (VP has (VP used (NP *T*-1) (S-CLR (NP-SBJ *-2) (VP to (VP pay (NP attorneys))))))))) (VP derives (PP-CLR from (NP illegal activities)))))))))))))) .)) (TOP (S-3 (ADVP Therefore) (PRN , (S (NP-SBJ they) (VP said (SBAR 0 (S *T*-3)))) ,) (NP-SBJ-1 the money) (VP can (VP be (VP taken (NP *-1) (PP-CLR from (NP the lawyers)) (SBAR-TMP (ADVP even) after (S (NP-SBJ-2 they) (VP are (VP paid (NP *-2)))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Justin Feldman) and (NP Jack Arseneault)) , (NP (NP attorneys) (PP for (NP Mr. Antar))) ,) both (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the matter)))))) .)) (TOP (S (PP-LOC In (NP Newark)) , (NP-SBJ U.S. Attorney Samuel A. Alito) (VP said , (S `` (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD (NP any legal reason) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP limit (NP (NP forfeiture) (PP of (NP (NP attorney 's) fees)) (PP to (NP drug cases))))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Alito) (VP said (SBAR 0 (S (NP-SBJ his office) `` (ADVP-TMP just) (VP responded (PP-CLR to (NP (NP (NP an attorney 's) question) (PP about (SBAR-NOM whether (S (S (NP-SBJ we) (VP would (VP go (PP-LOC after (NP (NP attorney 's) fees))))) , and (S (NP-SBJ that) (VP is (ADJP-PRD different (PP from (S-NOM (NP-SBJ *) (ADVP actually) (VP doing (NP it))))) , (SBAR-ADV although (S (NP-SBJ we) (VP reserve (NP that right))))))))))))))) . '')) (TOP (S (NP-SBJ-1 Mr. Antar) (VP was (VP charged (NP *-1) (NP-TMP last month) (PP-LOC in (NP (NP a civil suit) (VP filed (NP *) (PP-LOC in (NP (NP federal court) (PP-LOC in (NP Newark)))) (PP by (NP-LGS the Securities and Exchange Commission))))))) .)) (TOP (S (PP-LOC In (NP that suit)) , (NP-SBJ the SEC) (VP accused (NP Mr. Antar) (PP-CLR of (S-NOM (NP-SBJ-1 *) (VP engaging (PP-CLR in (NP a `` massive financial fraud '')) (S-PRP (NP-SBJ *-1) (VP to (VP overstate (NP (NP the earnings) (PP of (NP (NP Crazy Eddie) , (NP-LOC (NP Edison) , (NP N.J.)) ,))) (PP-TMP over (NP a three-year period))))))))) .)) (TOP (S (PP-MNR Through (NP his lawyers)) , (NP-SBJ Mr. Antar) (VP has (VP denied (NP (NP allegations) (PP (PP in (NP the SEC suit)) and (PP in (NP (NP civil suits) (VP (ADVP-TMP previously) filed (NP *) (PP by (NP-LGS shareholders)) (PP-CLR against (NP (NP Mr. Antar) and (NP others)))))))))) .)) (TOP (S (NP-SBJ The SEC) (VP has (VP alleged (SBAR that (S (NP-SBJ-1 Mr. Antar) (VP aimed (S (NP-SBJ-2 *-1) (VP to (VP pump (PRT up) (NP (NP the company 's) stock price) (PP-MNR through (NP false financial statements)) (SBAR-PRP (PP in (NP order)) (S (NP-SBJ *-2) (VP to (VP (VP sell (NP his stake)) and (VP reap (NP huge profits)))))))))))))) .)) (TOP (S-1 (NP-SBJ Mr. Antar) (PRN , (S (NP-SBJ the SEC) (VP said (SBAR 0 (S *T*-1)))) ,) (VP made (NP (QP more than $ 60 million) *U*) (PP-CLR from (NP (NP the sale) (PP of (NP his shares)))) (PP-TMP between (NP 1985 and 1987))) .)) (TOP (S (NP-SBJ The Justice Department) (VP has (VP emphasized (SBAR that (S (NP-SBJ-2 (NP the government 's) fee-forfeiture power) (VP is (S (NP-SBJ-1 *-2) (VP to (VP be (VP used (NP *-1) (ADVP-MNR sparingly)))))))))) .)) (TOP (S (PP According (PP to (NP department policy))) , (NP-SBJ prosecutors) (VP must (VP make (NP a strong showing (SBAR that (S (NP-SBJ (NP lawyers ') fees) (VP came (PP-CLR from (NP (NP assets) (VP tainted (NP *) (PP by (NP-LGS illegal profits))))))))) (SBAR-TMP before (S (NP-SBJ-1 (NP any attempts) (PP at (NP seizure))) (VP are (VP made (NP *-1))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ criminal defense lawyers) (VP worry (SBAR that (S (NP-SBJ-1 defendants) (VP are (VP being (VP deprived (NP *-1) (PP-CLR of (NP (NP their Sixth Amendment right) (PP to (NP (NP counsel) and (NP a fair trial))))) (SBAR-ADV if (S (NP-SBJ the government) (VP can (VP seize (NP (NP lawyers ') fees))))))))))) .)) (TOP (S (NP-SBJ They) (ADVP also) (VP worry (SBAR that (S (SBAR-ADV if (S (NP-SBJ the government) (VP applies (NP asset-forfeiture laws) (ADVP-MNR broadly)))) , (NP-SBJ-3 the best defense lawyers) (VP will (VP be (ADJP-PRD unwilling (S (NP-SBJ *-3) (VP to (VP take (NP criminal cases))))) (SBAR-ADV unless (S (NP-SBJ-1 they) (VP are (VP assured (NP *-1) (PP-CLR of (S-NOM (NP-SBJ-2 *) (VP being (VP paid (NP *-2)))))))))))))) .)) (TOP (S (NP-SBJ (NP The stock market correction) (PP of (NP Oct. 13 , 1989))) , (VP was (NP-PRD (NP a grim reminder) (PP of (NP the (NP Oct. 19 , 1987) market collapse)))) .)) (TOP (S (SBAR-PRP Since , (S (PP like (NP earthquakes)) , (NP-SBJ stock market disturbances) (VP will (ADVP-TMP always) (VP be (PP-PRD with (NP us)))))) , (NP-SBJ (NP it) (S *EXP*-1)) (VP is (ADJP-PRD prudent) (S-1 (NP-SBJ *) (VP to (VP take (NP (NP all possible precautions) (PP against (NP another such market collapse))))))) .)) (TOP (S (PP In (ADJP general)) , (NP-SBJ markets) (VP (VP function (ADVP-MNR well)) and (VP adjust (ADVP-MNR smoothly) (PP-CLR to (NP changing (ADJP economic and financial) circumstances)))) .)) (TOP (S But (NP-SBJ there) (VP are (NP-PRD (NP times) (SBAR (WHADVP-1 when) (S (S (NP-SBJ they) (VP seize (PRT up))) , and (S (NP-SBJ panicky sellers) (VP can not (VP find (NP buyers)))) (ADVP-PRP *T*-1))))) .)) (TOP (S (NP-SBJ That) (VP 's (ADVP just) (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happened (PP-TMP in (NP the October 1987 crash)))))) .)) (TOP (S (S (SBAR-TMP As (S (NP-SBJ the market) (VP tumbled))) , (NP-SBJ disorderly market conditions) (VP prevailed)) : (S (NP-SBJ (NP The margins) (PP between (NP (NP buying bids) and (NP selling bids)))) (VP widened)) ; (S (S-NOM-SBJ-2 (NP-SBJ *) (VP trading (PP-LOC in (NP many stocks)))) (VP was (VP suspended (NP *-2)))) ; (S (NP-SBJ-4 orders) (VP took (ADVP-CLR unduly long) (S-CLR (NP-SBJ-1 *-4) (VP to (VP be (VP executed (NP *-1))))))) ; and (S (NP-SBJ-3 many specialists) (VP stopped (S (NP-SBJ *-3) (VP trading (ADVP altogether))))) .)) (TOP (S (S (NP-SBJ These failures) (PP in (NP turn)) (VP contributed (PP-CLR to (NP (NP the fall) (PP-LOC in (NP the market averages)))))) : (S (S (NP-SBJ Uncertainty) (VP extracted (NP an extra risk premium))) and (S (NP-SBJ margin-calls) (VP triggered (NP additional selling pressures)))) .)) (TOP (S (NP-SBJ The situation) (VP was (PP-PRD like (NP (NP that) (PP of (NP (NP a skier) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP is (VP thrown (NP *-1) (PP-CLR (ADVP slightly) off (NP balance)) (PP by (NP-LGS (NP an unexpected bump) (PP-LOC on (NP the slope))))))))))))) .)) (TOP (S (S (NP-SBJ His skis) (VP spread (ADVP farther and farther apart) -- (SBAR-ADV (ADVP just) as (S (NP-SBJ buy-sell spreads) (VP widen (PP-TMP during (NP a financial panic))))))) -- and (S (ADVP-TMP soon) (NP-SBJ he) (VP is (PP-PRD out (PP of (NP control))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (ADJP-PRD Unable (S (NP-SBJ *-2) (VP to (VP stop (NP his accelerating descent)))))) , (NP-SBJ-1 he) (VP crashes) .)) (TOP (S (PP (PP-TMP After (NP the 1987 crash)) , and (PP-PRP as (NP (NP a result) (PP of (NP (NP the recommendations) (PP of (NP many studies))))))) , (NP-SBJ-1 `` circuit breakers '') (VP were (VP devised (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP allow (S (NP-SBJ market participants) (VP to (VP regroup and restore (NP orderly market conditions))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP 's (ADJP-PRD doubtful) , though , (SBAR-2 whether (S (NP-SBJ circuit breakers) (VP do (NP any real good))))) .)) (TOP (S (PP-TMP In (NP (NP the additional time) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP provide (NP *T*-1)))))) (NP-SBJ (ADJP even more) order imbalances) (VP might (VP pile (PRT up) , (SBAR-TMP as (S (NP-SBJ would-be sellers) (ADVP-TMP finally) (VP get (NP their broker) (PP-CLR on (NP the phone))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ-4 (NP an appropriate institution) (NP *ICH*-3)) (VP should (VP be (VP charged (NP *-4) (PP-CLR with (NP (NP the job) (PP of (S-NOM (NP-SBJ *) (VP preventing (NP (NP chaos) (PP-LOC in (NP the market)))))))) : (NP-3 the Federal Reserve)))) .)) (TOP (S (NP-SBJ (NP The availability) (PP of (NP timely assistance)) (PRN -- (PP of (NP a backstop)) --)) (VP can (VP help (S (NP-SBJ markets) (VP retain (NP their resilience))))) .)) (TOP (S (NP-SBJ-1 The Fed) (ADVP already) (VP buys and sells (NP foreign exchange) (S-PRP (NP-SBJ *-1) (VP to (VP prevent (NP (NP disorderly conditions) (PP-LOC in (NP foreign-exchange markets))))))) .)) (TOP (S (NP-SBJ The Fed) (VP has (VP assumed (NP (NP a similar responsibility) (PP-LOC in (NP (NP the market) (PP for (NP government securities))))))) .)) (TOP (S (NP-SBJ The stock market) (VP is (NP-PRD (NP the only major market) (PP without (NP (NP (NP a market-maker) (PP of (NP unchallenged liquidity))) or (NP (NP a buyer) (PP of (NP last resort))))))) .)) (TOP (S (NP-SBJ This) (VP does not (VP mean (SBAR that (S (NP-SBJ the Federal Reserve) (VP does not (ADVP already) (VP play (NP an important indirect role) (PP-CLR in (NP the stock market)))))))) .)) (TOP (S (PP-TMP In (NP 1987)) , (NP-SBJ it) (VP pumped (NP billions) (PP-DIR into (NP the markets)) (PP-MNR through (NP (NP open market operations) and (NP the discount window)))) .)) (TOP (S (NP-SBJ It) (VP (VP lent (NP money) (PP-DTV to (NP banks))) and (VP encouraged (S (NP-SBJ them) (VP to (VP make (S (NP-SBJ funds) (ADJP-PRD available (PP to (NP brokerage houses))))))))) .)) (TOP (S (NP-SBJ They) , (PP in (NP turn)) , (VP lent (NP money) (PP-DTV to (NP (NP their customers) -- (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP were (VP supposed (S (NP-SBJ *-2) (VP to (VP (VP recognize (NP (NP the opportunity) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP make (NP a profit) (PP-LOC in (NP the turmoil)))))))) and (VP buy (NP shares)))))))))))) .)) (TOP (S (NP-SBJ The Fed) (ADVP also) (VP has (NP (NP the power) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP set (NP margin requirements))))))) .)) (TOP (SBARQ But (SQ would n't (NP-SBJ (NP it) (S *EXP*-4)) (VP be (ADJP-PRD more efficient and effective) (S-4 (NP-SBJ *) (VP to (VP supply (NP such support) (PP-DIR to (NP the stock market)) (ADVP-MNR directly)))))) ?)) (TOP (S (PP Instead of (S-NOM (NP-SBJ *) (VP (VP flooding (NP the entire economy) (PP-CLR with (NP liquidity))) , and (VP (ADVP thereby) increasing (NP (NP the danger) (PP of (NP inflation))))))) , (NP-SBJ-1 the Fed) (VP could (VP support (NP the stock market) (ADVP-MNR directly) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP buying (NP (NP market averages) (PP-LOC in (NP the futures market)))))) , (S-ADV (ADVP thus) (NP-SBJ *-1) (VP stabilizing (NP (NP the market) (PP as (NP a whole))))))) .)) (TOP (S (NP-SBJ The stock market) (VP is (ADVP certainly) not (ADJP-PRD too big (SBAR for (S (NP-SBJ the Fed) (VP to (VP handle)))))) .)) (TOP (S (NP-SBJ The foreign-exchange and government securities markets) (VP are (ADJP-PRD vastly larger)) .)) (TOP (S (NP-SBJ (NP Daily trading volume) (PP-LOC in (NP the New York foreign exchange market))) (VP is (NP-PRD (QP $ 130 billion) *U*)) .)) (TOP (S (NP-SBJ (NP The daily volume) (PP for (NP Treasury Securities))) (VP is (NP-PRD (QP about $ 110 billion) *U*)) .)) (TOP (S (NP-SBJ (NP The combined value) (PP of (NP (NP daily equity trading) (PP-LOC on (NP (NP the New York Exchange) , (NP the American Stock Exchange) and (NP the NASDAQ over-the-counter market)))))) (VP ranges (PP between (NP (NP (QP $ 7 billion) *U*) and (NP (QP $ 10 billion) *U*)))) .)) (TOP (S (NP-SBJ (NP The (QP $ 13 billion) *U*) (SBAR (WHNP-1 0) (S (NP-SBJ the Fed) (VP injected (NP *T*-1) (PP-DIR into (NP the money markets)) (PP-TMP after (NP the 1987 crash)))))) (VP is (NP-PRD (NP more) (PP than (ADJP enough (S (NP-SBJ *) (VP to (VP buy (NP (NP all the stocks) (VP traded (NP *) (PP-TMP on (NP a typical day))))))))))) .)) (TOP (S (NP-SBJ (ADJP (ADVP More carefully) targeted) intervention) (VP might (ADVP actually) (VP reduce (NP (NP the need) (PP for (NP government action))))) .)) (TOP (S And (S-NOM-SBJ (NP-SBJ *) (VP taking (NP (ADJP more direct) action))) (VP has (NP (NP the advantage) (PP of (S-NOM (NP-SBJ *) (VP avoiding (NP (NP (NP sharp increases) (PP-LOC in (NP the money supply))) , (PP such as (S-NOM (NP-SBJ *) (VP happened (PP-TMP in (NP October 1987))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The Fed 's) stock market role) (VP ought (S (NP-SBJ *-1) not (VP to (VP be (ADJP-PRD very ambitious))))) .)) (TOP (S (NP-SBJ-1 It) (VP should (VP seek (S (ADVP only) (NP-SBJ *-1) (VP to (VP maintain (NP (NP the functioning) (PP of (NP markets))))) -- not (S (NP-SBJ *-1) (VP to (VP prop (PRT up) (NP the Dow Jones or New York Stock Exchange averages) (PP-LOC at (NP a particular level)))))))) .)) (TOP (S (NP-SBJ The Fed) (VP should (VP guard (PP-CLR (PP against (NP systemic risk)) , but not (PP against (NP (NP the risks) (ADJP inherent (PP in (NP individual stocks)))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-5)) (VP would (VP be (ADJP-PRD inappropriate) (SBAR-5 for (S (NP-SBJ (NP the government) or (NP the central bank)) (VP to (VP buy or sell (NP IBM or General Motors shares))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ the Fed) (VP could (VP buy (NP (NP the broad market composites) (PP-LOC in (NP the futures market))))) .)) (TOP (S (NP-SBJ The increased demand) (VP would (VP (VP normalize (NP trading)) and (VP stabilize (NP prices)))) .)) (TOP (S (S-NOM-SBJ-1 (NP-SBJ *) (VP Stabilizing (NP the derivative markets))) (VP would (VP tend (S (NP-SBJ *-1) (VP to (VP stabilize (NP the primary market)))))) .)) (TOP (S (NP-SBJ-1 The Fed) (VP would (VP eliminate (NP (NP the cause) (PP of (NP the potential panic))) (PP rather than (S-NOM (NP-SBJ-2 *-1) (VP attempting (S (NP-SBJ *-2) (VP to (VP treat (NP (NP the symptom) -- (NP (NP the liquidity) (PP of (NP the banks)))))))))))) .)) (TOP (S (NP-SBJ-1 Disorderly market conditions) (VP could (VP be (VP observed (NP *-1) (ADVP-TMP quite frequently) (PP-LOC in (NP foreign exchange markets)) (PP-TMP in (NP the 1960s and 1970s))))) .)) (TOP (S But (SBAR-ADV since (S (NP-SBJ (NP the member countries) (PP of (NP the International Monetary Fund))) (VP agreed (PP-CLR to (NP (NP the `` Guidelines) (PP to (NP Floating)) '')) (PP-TMP in (NP 1974))))) , (NP-SBJ-1 such difficulties) (VP have (VP been (VP avoided (NP *-1)))) .)) (TOP (S (NP-SBJ I) (VP can not (VP recall (NP (NP any disorder) (PP-LOC in (NP currency markets))) (SBAR-TMP since (S (NP-SBJ-1 the 1974 guidelines) (VP were (VP adopted (NP *-1))))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ (NP the mere existence) (PP of (NP a market-stabilizing agency))) (VP helps (S (NP-SBJ *) (VP to (VP avoid (NP panic) (PP-LOC in (NP emergencies)))))) .)) (TOP (S (NP-SBJ The old saying) (VP advises : (S `` (SBAR-ADV If (S (NP-SBJ it) (VP ai n't (VP broke)))) , (NP-SBJ *) (VP do n't (VP fix (NP it))))) . '')) (TOP (S But (NP-SBJ this) (VP could (VP be (NP-PRD (NP a case) (SBAR (WHADVP-1 where) (S (NP-SBJ we all) (VP might (VP go (ADVP broke) (SBAR-ADV if (S (NP-SBJ it) (VP is n't (VP fixed)))) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Mr. Heller) , (PP (ADVP now) at (NP VISA International)) ,) (VP was (NP-PRD (NP a governor) (PP of (NP the Federal Reserve Board))) (PP-TMP (PP from (NP 1986)) (PP until (NP earlier this year)))) .)) (TOP (S (NP-SBJ-1 This) (VP is (VP adapted (NP *-1) (PP-CLR from (NP (NP a speech) (PP to (NP (NP the Commonwealth Club) (PP-LOC in (NP San Francisco)))))))) .)) (TOP (S (NP-SBJ (NAC Bank (PP of (NP England))) Governor Robin Leigh-Pemberton) (VP urged (S (NP-SBJ-1 banks) (VP to (VP be (ADJP-PRD cautious) (PP-LOC in (S-NOM (NP-SBJ *-1) (VP financing (NP leveraged buy-outs)))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ Caution) (VP should ... (VP be (NP-PRD (NP the rule) (PP of (NP the day))))) , '') (VP said (S *T*-1)) (NP-SBJ Mr. Leigh-Pemberton) (PP-LOC in (NP (NP a speech) (PP to (NP (NP the Association) (PP of (NP (NP Corporate Treasurers ') annual dinner)))))) .)) (TOP (S `` (NP-SBJ It) (VP would (VP be (VP damaging (PP-CLR (PP to (NP industry)) and (PP to (NP (NP (NP the financial sector) (PP in (ADJP general))) (PRN , (S-ADV (NP-SBJ *) (VP to (VP say (NP (NP nothing) (PP of (NP banks)))))) ,)))) (SBAR-ADV if (S (NP-SBJ prudence) (VP does not (VP guide (NP (NP the financing) (PP of (NP leveraged transactions)))))))))) . '')) (TOP (S (NP-SBJ-1 His remarks) (VP were (VP distributed (NP *-1) (PP-DIR to (NP the press)) (SBAR-TMP before (S (NP-SBJ (NAC Chancellor (PP of (NP the Exchequer))) Nigel Lawson) (VP announced (NP his resignation) (NP-TMP last evening)))))) .)) (TOP (S (NP-SBJ (NAC Bank (PP of (NP England))) officials) (VP said (SBAR 0 (S (NP-SBJ the central bank) (VP had (NP (NP no comment) (PP on (NP (NP Mr. Lawson 's) resignation))))))) .)) (TOP (S (NP-SBJ Mr. Leigh-Pemberton) (VP reiterated (SBAR that (S (NP-SBJ (NP the exposure) (PP of (NP United Kingdom banks)) (PP to (NP leveraged deals))) (VP have n't (ADVP yet) (VP reached (NP `` worrying levels)))))) . '')) (TOP (S (S-TPC-2 (ADVP However) , (PP-LOC in (NP (NP light) (PP of (NP (NP the risks) (VP involved (NP *) (PP-CLR in (NP such transactions))))))) , (NP-SBJ banks) (VP should (VP satisfy (NP themselves) (SBAR that (S (NP-SBJ they) (VP have (NP (NP (NP the skills) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP participate (PP-CLR in (NP this market)) (ADVP-MNR *T*-1)))))) and (NP (NP clear policy guidelines) (PP on (NP (NP acceptable levels) (PP of (NP (NP exposure) (PP to (NP such transactions)))))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-LOC In (NP other comments)) , (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ takeovers) (VP may not (ADVP-TMP always) (VP be (NP-PRD (NP the most efficient way) (PP of (S-NOM (NP-SBJ *) (VP securing (NP (NP a change) (PP of (NP corporate direction or strategy)))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 A similar result) (VP could (ADVP-TMP sometimes) (VP be (VP achieved , (NP *-1) (PP-MNR at (NP less cost)) , (PP-MNR by (S-NOM (NP-SBJ *) (VP changing (NP managements)))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (S (NP-SBJ (NP Intel Corp. 's) (ADJP most powerful) computer chip) (VP has (NP (NP flaws) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP delay (NP (NP several computer makers ') marketing efforts)))))))) , but (S (NP-SBJ-2 the `` bugs '') (VP are n't (VP expected (S (NP-SBJ *-2) (VP to (VP hurt (NP (NP Intel) and (NP most computer makers)))))))) .)) (TOP (S (NP-SBJ (NP Computer experts) (ADJP familiar (PP with (NP (NP the flaws) , (VP found (NP *) (PP-LOC in (NP (NP Intel 's) 80486 chip))) ,)))) (VP say (SBAR 0 (S (NP-SBJ-2 the defects) (VP (VP do n't (VP affect (NP the average user))) and (VP are (ADJP-PRD likely (S (NP-SBJ-1 *-2) (VP to (VP be (VP cleared (NP *-1) (PRT up) (SBAR-TMP before (S (NP-SBJ (NP most computers) (VP using (NP the chip) (PP-CLR as (NP their `` brains '')))) (VP appear (PP-LOC on (NP the market)) (ADVP-TMP sometime (NP next year))))))))))))))) .)) (TOP (S (NP-SBJ Intel) (VP said (SBAR that (S (NP-TMP last week) (NP-SBJ a customer) (VP discovered (NP (NP two flaws) (PP-LOC in (NP (NP (NP its 80486 microprocessor chip 's) `` floating-point unit '') , (NP (NP a set) (PP of (NP (NP circuits) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do (NP certain calculations)))))))))))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ-2 Intel) (VP began (S (NP-SBJ *-2) (VP notifying (NP customers) (PP about (NP (NP the bugs) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP cause (NP the chip) (S (NP-SBJ *) (VP to (VP give (NP (NP wrong answers) (PP for (NP some mathematical calculations)))))))))))))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ (NP International Business Machines Corp.) and (NP Compaq Computer Corp.)) (VP say (SBAR 0 (S (NP-SBJ the bugs) (VP will (VP delay (NP products)))))))) , (NP-SBJ most big computer makers) (VP said (SBAR 0 (S (NP-SBJ the flaws) (VP do n't (VP affect (NP them)))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ (NP Bugs) (PP like (NP this))) (VP are (NP-PRD (ADVP just) (NP a normal part) (PP of (NP product development)))) , '') (VP said (S *T*-1)) (NP-SBJ (NP Richard Archuleta) , (NP (NP director) (PP of (NP (NP Hewlett-Packard Co. 's) advanced systems development)))) .)) (TOP (S (NP-SBJ Hewlett) (VP announced (NP-TMP last week) (SBAR that (S (NP-SBJ-1 it) (VP planned (S (NP-SBJ *-1) (VP to (VP ship (NP (NP a computer) (VP based (NP *) (PP-CLR on (NP the 486 chip)))) (NP-TMP early next year)))))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ These bugs) (VP do n't (VP affect (NP our schedule) (ADVP at all))) , '') (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (ADVP Likewise) , (NP-SBJ (NP AST Research Inc.) and (NP Sun Microsystems Inc.)) (VP said (SBAR 0 (S (NP-SBJ the bugs) (VP wo n't (VP delay (NP (NP their development) (PP of (NP 486-based machines)))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ We) (VP have n't (VP modified (NP our schedules) (PP-MNR in (NP any way)))) , '') (VP said (S *T*-1)) (NP-SBJ a Sun spokesman) .)) (TOP (S (S-TPC-1 (S-SBJ (NP-SBJ *) (VP To (VP switch (PP-CLR to (NP (NP another vendor 's) chips))))) , `` (VP would (ADVP definitely) not (VP be (NP-PRD an option))) , '') (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP Nonetheless) , (NP-SBJ (NP concern) (PP about (NP the chip))) (VP may (VP have (VP been (ADJP-PRD (ADJP responsible (PP for (NP (NP a decline) (PP of (NP 87.5 cents)) (PP-LOC in (NP (NP Intel 's) stock)) (PP-EXT to (NP (NP $ 32 *U*) (NP-ADV a share))) (NP-TMP yesterday) (PP-LOC in (NP over-the-counter trading)) , (PP on (NP (NP volume) (PP of (NP 3,609,800 shares))))))) , and (ADJP partly responsible (PP for (NP (NP a drop) (PP-LOC in (NP (NP Compaq 's) stock)) (PP-LOC in (NP New York Stock Exchange composite trading)) (PP-TMP on (NP Wednesday))))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ-1 Compaq) (VP plunged (ADVP-EXT further) , (S-ADV (NP-SBJ *-1) (VP closing (PP-LOC at (NP (NP $ 100 *U*) (NP-ADV a share))) , (ADVP off (NP (NP $ 8.625 *U*) (NP-ADV a share))) , (PP on (NP (NP volume) (PP of (NP 2,633,700 shares))))))) .)) (TOP (S (NP-SBJ-1 (NP Most) (PP of (NP (NP Compaq 's) decline))) (VP is (VP being (VP attributed (NP *-1) (PP-CLR to (NP (NP a third-quarter earnings report) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP came (PRT in) (PP-LOC at (NP (NP the low end) (PP of (NP (NP analysts ') expectations)))))))))))) .)) (TOP (S (NP-SBJ Intel) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP (VP had (VP corrected (NP the problems))) and (VP would (VP start (S (NP-SBJ *-1) (VP producing (NP bugless chips) (NP-TMP next week))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ We) (VP should not (VP be (VP seeing (NP any more)))) , '') (VP said (S *T*-1)) (NP-SBJ (NP Bill Rash) , (NP (NP (NP Intel 's) director) (PP for (NP the 486 chip)))) .)) (TOP (S (S (S-TPC-2 (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD more)))) , (NP-SBJ the bugs) (VP (ADVP only) emerge (PP-TMP on (NP (NP esoteric applications) (PP such as (NP (NP computer-aided design) and (NP scientific calculations)))))) ,) (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) , and (FRAG (ADVP-TMP then) (ADVP-TMP very seldom)) .)) (TOP (S (S-TPC-1 `` (NP-SBJ These errata) (VP do not (VP affect (NP business programs))) , '') (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (SINV (S-TPC-2 (NP-SBJ The bugs) (VP will (VP cause (NP problems) (PP-LOC in (NP (NP `` specific and rare circumstances) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will not (VP occur (PP-LOC in (NP (NP typical applications) '' (PP such as (NP word-processing and spreadsheets)))))))))))) ,) (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Michael Slater) , (NP (NP editor) (PP of (NP (NP the Microprocessor Report) , (NP an industry newsletter))))) .)) (TOP (S (NP-SBJ Sun , Hewlett-Packard and others) (VP say (SBAR 0 (S (NP-SBJ Intel) (VP is n't (ADVP wholly) (S-PRD (NP-SBJ *) (VP to (VP blame (NP *?*) (PP-CLR for (NP the snafu))))))))) .)) (TOP (S-2 (NP-SBJ The real culprits) (PRN , (S (NP-SBJ they) (VP said (SBAR 0 (S *T*-2)))) ,) (VP are (NP-PRD (NP computer makers) (PP such as (NP IBM)) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP have (VP jumped (NP the gun) (S-PRP (NP-SBJ *-3) (VP to (VP unveil (NP 486-based products)))))))))) .)) (TOP (SINV (S-TPC-2 `` (NP-SBJ (NP The reason) (SBAR (WHADVP-1 0) (S (NP-SBJ this) (VP is (VP getting (NP (ADJP so much) visibility) (ADVP-PRP *T*-1)))))) (VP is (SBAR-PRD that (S (NP-SBJ some) (VP (VP started (NP shipping)) and (VP announced (NP early availability)))))) , '') (VP said (S *T*-2)) (NP-SBJ (NP Hewlett-Packard 's) Mr. Archuleta) .)) (TOP (S `` (S (NP-SBJ You) (VP can (VP do (NP that)))) but (S (NP-SBJ you) (VP 're (VP taking (NP a risk)))) .)) (TOP (S (NP-SBJ-1 Those companies) (VP are (VP paying (NP (NP the price) (PP for (S-NOM (NP-SBJ *-1) (VP taking (NP the risk))))))) . '')) (TOP (S (PP-TMP In (NP late September)) , (NP-SBJ-2 IBM) (VP began (S (NP-SBJ *-2) (VP shipping (NP (NP a plug-in card) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP converts (NP its PS/2 model 70-A21) (PP-CLR from (NP a 80386 machine)) (PP-CLR to (NP an 80486 machine))))))))) .)) (TOP (S (NP-SBJ An IBM spokeswoman) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP (VP told (NP customers) (NP-TMP Monday) (PP-CLR about (NP the bugs))) and (VP (ADVP-TMP temporarily) stopped (S (NP-SBJ *-1) (VP shipping (NP the product)))))))) .)) (TOP (S-1 (NP-SBJ IBM) (VP (VP has (NP no plans (S (NP-SBJ *) (VP to (VP recall (NP its add-on cards)))))) (PRN , (S (NP-SBJ the spokeswoman) (VP said (SBAR 0 (S *T*-1)))) ,) and (VP could (ADVP probably) (VP circumvent (NP the bugs) (PP-MNR without (NP long product delays))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ We) (VP do n't (VP look (PP-CLR at (NP this)) (PP-CLR as (NP (NP a major problem) (PP for (NP us)))))) , '') (NP-SBJ she) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-2 (NP Compaq) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ it) (VP discovered (NP the bugs))))))) ,) (ADVP still) (VP plans (S (NP-SBJ *-2) (VP to (VP announce (NP new 486 products) (PP-TMP on (NP Nov. 6)))))) .)) (TOP (S (PP-PRP Because of (NP the glitch)) , (ADVP however) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ it) (VP does n't (VP know (SBAR (WHADVP-1 when) (S (NP-SBJ its machine) (VP will (VP be (ADJP-PRD commercially available) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP a break) (PP from (NP Compaq tradition))) , (SBAR-PRP because (S (NP-SBJ the company) (VP does n't (VP announce (NP products) (SBAR-TMP until (S (NP-SBJ they) (VP 're (ADVP actually) (PP-LOC-PRD at (NP the dealers)))))))))) .)) (TOP (S-2 (NP-SBJ-1 The problem) (VP is (VP being (VP ballyhooed (NP *-1) (PRN , (S (NP-SBJ experts) (VP say (SBAR 0 (S *T*-2)))) ,) (SBAR-PRP because (S (NP-SBJ the 486) (VP is (NP-PRD (NP Intel 's) future flagship))))))) .)) (TOP (S (S (NP-SBJ (NP Intel 's) microprocessors) (VP are (NP-PRD (NP the chips) (PP of (NP choice))) (PP-LOC in (NP (NP many) (PP of (NP (NP today 's) personal computers)))))) and (S (NP-SBJ the 80486 microprocessor) (VP is (NP-PRD (NP the spearhead) (PP of (NP (NP the company 's) bid (S (NP-SBJ *) (VP to (VP guard (NP that spot) (PP-LOC in (NP (NP the next generation) (PP of (NP machines)))))))))))) .)) (TOP (SINV (S-TPC-1 `` (SBAR-ADV Although (S (NP-SBJ (NP these sorts) (PP of (NP bugs))) (VP are not (ADJP-PRD (ADVP at all) uncommon)))) , (NP-SBJ the 486) (VP is (NP-PRD an (ADJP extremely high-profile) product)) , '') (VP said (S *T*-1)) (NP-SBJ (NP Mr. Slater) , (NP the newsletter editor)) .)) (TOP (S (NP-SBJ (NP Intel 's) 80486 chip) (VP is (NP-PRD (NP (NP the Corvette) (PP of (NP (NP Intel 's) microprocessors))) , (NP (NP a (ADJP super-fast , super-expensive) chip) (SBAR (WHNP-1 that) (S (NP-SBJ-2 only the (ADJP most power-hungry) computer users) (VP are (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP buy (NP *T*-1) (PP-TMP for (NP (ADVP at least) several years)))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-3) (VP Unveiled (NP *-2) (NP-TMP last April))) , (NP-SBJ-3 the chip) (VP crams (NP (NP (QP 1.2 million) transistors) (NP *ICH*-1)) (PP-LOC-CLR on (NP (NP a sliver) (PP of (NP silicon)))) , (NP-1 (NP (QP more than four) times) (ADJP as many (PP as (PP on (NP (NP (NP Intel 's) earlier model) , (NP 80386))))))) .)) (TOP (S (NP-SBJ Intel) (VP clocks (NP (NP the chip 's) speed) (PP-CLR at (NP (NP (NP (QP 15 million) instructions) (PP per (NP second))) , or (NP MIPs)))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP four times) (ADJP (ADJP as fast) (PP as (NP the 386))))) .)) (TOP (S (NP-SBJ-2 (NP Machines) (VP using (NP the 486))) (VP are (VP expected (S (NP-SBJ *-2) (VP to (VP challenge (NP higher-priced work stations and minicomputers) (PP-LOC (PP in (NP (NP applications) (PP such as (NP (NP so-called servers) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP connect (NP (NP groups) (PP of (NP computers))) (ADVP together)))) ,)))) and (PP in (NP computer-aided design)))))))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ (NP (NP the chip 's) speed) (PP-LOC in (NP processing power))) (VP is (ADJP-PRD dazzling)))) , (NP-SBJ (NP it 's) real strength) (VP lies (PP-LOC-CLR in (NP its software inheritance))) .)) (TOP (S (NP-SBJ The 486) (VP is (NP-PRD (NP the descendant) (PP of (NP (NP a long series) (PP of (NP Intel chips)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP began (S (NP-SBJ *-2) (VP dominating (NP the market))) (SBAR-TMP ever since (S (NP-SBJ IBM) (VP picked (NP the 16-bit 8088 chip) (PP-CLR for (NP its first personal computer)))))))))))) .)) (TOP (S -LRB- (NP-SBJ A 16-bit microprocessor) (VP (VP processes (NP (NP 16 pieces) (PP of (NP data)) (PP at (NP a time)))) and (VP is (ADJP-PRD (ADJP slower) (PP than (NP newer , 32-bit chips))))) . -RRB-)) (TOP (S (PP-TMP Since (NP then)) , (NP-SBJ Intel) (VP has (VP cornered (NP (NP a large part) (PP of (NP the market))) (PP-MNR with (NP (NP successive generations) (PP of (NP (NP 16-bit and 32-bit chips) , (SBAR (WHNP-1 all (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP can (VP run (NP (NP software) (VP written (NP *) (PP for (NP previous models)))))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ *T*-1) (VP will (VP keep (S (NP-SBJ computer makers) (VP coming)) (PP in (NP (NP spite) (PP of (NP (NP the irritation) (PP of (NP bugs))))))))))) .)) (TOP (S (NP-SBJ (NP Big personal computer makers) and (NP (NP many makers) (PP of (NP engineering workstations)))) (VP are (VP developing (NP (NP 486-based machines) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP are (VP expected (S (NP-SBJ *-2) (VP to (VP reach (NP the market) (NP-TMP early next year))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (PP-PRD Of (NP the big computer makers))) , (NP-SBJ-1 only Apple Computer Co.) (VP bases (NP its machines) (PP-CLR on (NP Motorola chips)) (ADVP instead)) .)) (TOP (SINV (S-TPC-2 `` (NP-SBJ-1 The 486) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP have (NP a big impact) (PP-CLR on (NP the industry))))))) , '') (VP said (S *T*-2)) (NP-SBJ (NP Hewlett-Packard 's) Mr. Archuleta) .)) (TOP (S `` (NP-SBJ-1 It) (VP 's (VP going (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the leading edge technology) (PP in (NP personal computers))) (PP-TMP for (NP the next few years))))))) .)) (TOP (S (NP-SBJ-1 This bug) (VP is not (VP going (S (NP-SBJ *-1) (VP to (VP have (NP (NP any affect) (PP on (NP that))) (ADVP at all)))))) . '')) (TOP (S (NP-SBJ (NP Andy Zipser) (PP-LOC in (NP Dallas))) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ-1 Bethlehem Steel Corp.) (VP has (VP agreed (PP in (NP principle)) (S (NP-SBJ-2 *-1) (VP to (VP form (NP a joint venture) (PP-CLR with (NP (NP (NP the world 's) second-largest steelmaker) , (NP (NP Usinor-Sacilor) (PP of (NP France))) ,)) (S-PRP (NP-SBJ *-2) (VP to (VP modernize (NP (NP a portion) (PP of (NP (NP Bethlehem 's) ailing BethForge division))))))))))) .)) (TOP (S (NP-SBJ (NP The venture) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP involves (S (NP-SBJ *) (VP adding (NP (NP sophisticated equipment) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP make (NP cast-iron mill rolls))))))))))) ,) (VP is (NP-PRD (NP part) (PP of (NP (NP a two-pronged effort) (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP to (VP shore (PRT up) (NP (NP a division) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP has (VP posted (NP continuing operating losses) (PP-TMP for (NP several years))))))))))))))) .)) (TOP (S (NP-SBJ The other element) (VP includes (S (NP-SBJ *) (VP consolidating (NP (NP BethForge 's) press-forge operations)))) .)) (TOP (S (NP-SBJ The entire division) (VP employs (NP (QP about 850) workers)) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the joint venture) (VP affects (NP (NP only a small part) (PP of (NP (NP Bethlehem 's) operations)))))) , (NP-SBJ it) (VP is (ADJP-PRD significant) (SBAR-PRP because (S (NP-SBJ it) (VP marks (NP (NP the first time) (SBAR (WHADVP-1 0) (S (NP-SBJ (NP the nation 's) No. 2 steelmaker) (VP has (VP joined (NP forces) (PP-CLR with (NP a foreign partner)) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (NP-SBJ Wall Street analysts) (VP have (VP criticized (NP Bethlehem) (PP-CLR for (S-NOM (NP-SBJ *) (VP not following (NP its major competitors) (PP-CLR in (S-NOM (NP-SBJ-1 *) (VP linking (PP-CLR with (NP a foreign company)) (S-PRP (NP-SBJ *-1) (VP to (VP (VP share (NP costs)) and (VP provide (NP (NP technology) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP (VP modernize (NP old facilities)) or (VP build (NP new ones))))))))))))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD (NP a step) (PP in (NP the right direction)) (PP for (NP Bethlehem))))))) , '') (VP said (S *T*-1)) (NP-SBJ (NP Felix Bello) , (NP (NP WEFA Group 's) international steel analyst)) .)) (TOP (S `` (S (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD important) (S-1 (NP-SBJ *) (VP to (VP share (NP the risk)))))) (FRAG and (ADVP even more so (SBAR (WHADVP-2 when) (S (NP-SBJ the market) (VP has (ADVP already) (VP peaked (ADVP-TMP *T*-2))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the move) (VP could (VP be (NP-PRD (NP the beginning) (PP of (NP (NP (NP a broader relationship) (PP between (NP the two companies))) , (NP (NP one) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP open (PRT up) (NP new markets) (PP-BNF for (NP Bethlehem))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Bethlehem) (VP had (NP little choice (ADVP but) (S (NP-SBJ *) (VP to (VP go (PP-CLR with (NP a European steelmaker)))))) , (SBAR-PRP because (S (NP-SBJ its competitors) (ADVP already) (VP have (VP tapped (NP the Japanese and South Korean industry leaders))))))) , (NP-SBJ analysts) (VP noted (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC Under (NP (NP terms) (PP of (NP the agreement)))) , (NP-SBJ (NP (NP Usinor 's) Chavanne-Ketin unit) and (NP Bethlehem)) (VP would (VP establish (NP (NP a modernized facility) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP make (NP cast-iron mill rolls)))))) (PP-LOC at (NP (NP (NP the company 's) cast-iron shop) (ADVP-LOC here))))) .)) (TOP (S (NP-SBJ-3 (NP Terms) (PP for (NP (NP the venture) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP would (VP be (VP (ADVP-MNR jointly) owned (NP *-2) (PP by (NP-LGS both companies))))))) ,))) (VP were n't (VP disclosed (NP *-3))) .)) (TOP (S (NP-SBJ-1 The Usinor unit) (VP has (VP agreed (S (NP-SBJ-2 *-1) (VP to (VP provide (NP technology and expertise) (S-PRP (NP-SBJ *-2) (VP to (VP install (NP a so-called spin caster) (PP-TMP by (NP early next fall)))))))))) .)) (TOP (S (NP-SBJ The caster) (VP improves (NP (NP the metallurgical quality) (PP of (NP (NP the iron mill rolls) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (ADVP basically) (NP-PRD (NP huge rolling pins) (VP used (NP-2 *) (S-CLR (NP-SBJ *-2) (VP to (VP flatten or shape (NP steel products))))))))))))) .)) (TOP (S (NP-SBJ-1 Bethlehem) (VP is (ADVP also) (VP working (PP-CLR with (NP the United Steelworkers union)) (S-PRP (NP-SBJ *-1) (VP to (VP consolidate (NP (NP (NP BethForge 's) two machine shops) and (NP (NP four heat-treatment facilities) (PP of (NP the press-forge operations))))))))) .)) (TOP (S (SBAR-TMP Once (S (NP-SBJ the consolidation) (VP is (ADJP-PRD complete)))) , (NP-SBJ-1 Bethlehem) (VP plans (S (NP-SBJ *-1) (VP to (VP concentrate (NP its forgings business) (PP-CLR on (NP (NP nuclear fabrication) , (NP hardened steel) and (NP (NP large-diameter steel rolls) (PP for (NP rolling mills))) and (NP selected custom-die applications))))))) .)) (TOP (S (NP-SBJ Bethlehem) (VP said (ADVP-TMP earlier (NP this year)) (SBAR that (S (NP-SBJ-1 it) (VP planned (S (NP-SBJ-2 *-1) (VP to (VP restructure (NP the BethForge division) (S-PRP (NP-SBJ *-2) (VP to (VP improve (NP its cost structure))))))))))) .)) (TOP (S (PP-LOC In (NP the second quarter)) , (NP-SBJ Bethlehem) (VP posted (NP (NP a (ADJP (QP $ 50 million) *U*) charge) (ADJP related (PP to (NP its plans (S (NP-SBJ *) (VP to (VP realign (NP the division))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP 're (ADVP still) (VP wondering (PP-CLR about (NP (NP the causes) (PP of (NP (NP the slump) (PP-LOC in (NP the junk-bond market)))))))))) , (NP-SBJ *) (VP consider (NP (NP the case) (PP of (NP Columbia Savings & Loan)))) .)) (TOP (S (NP-SBJ The California thrift) (VP has (ADVP just) (VP announced (NP a (ADJP (QP $ 226 million) *U*) third-quarter loss))) .)) (TOP (SBARQ (WHADVP-1 How) (SQ did (NP-SBJ this) (VP happen (ADVP-MNR *T*-1))) ?)) (TOP (S (ADVP Well) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ Congress) (PP-LOC in (NP its recent S&L bailout)) (VP mandated (SBAR that (S (NP-SBJ the thrifts) (VP sell (PRT off) (NP all their junk-bond holdings) (PP-TMP by (NP 1994))))) (ADVP-TMP *T*-2)))) , (NP-SBJ it) (VP not (ADVP only) (VP (ADVP-MNR artificially) increased (NP (NP the supply) (PP of (NP these bonds)) (PP-LOC in (NP the market)))) but (VP (ADVP also) eliminated (NP (NP one) (PP of (NP (NP the few profitable investments) (SBAR (WHNP-1 0) (S (NP-SBJ thrifts) (VP have (VP made (NP *T*-1)))))))))) .)) (TOP (S But (NP-SBJ there) (VP is (NP-PRD (NP a (ADJP grimly ironic) twist) (PP to (NP the Columbia loss)))) .)) (TOP (S (SBAR As (S (NP-SBJ (NP followers) (PP of (NP (NP the debate) (PP over (NP a capital-gains tax cut))))) (VP know (SBAR *?*)))) , (NP-SBJ there) (VP is (NP-PRD (NP much talk) (PP-LOC (PP in (NP Congress)) and (ADVP indeed) (PP (ADVP all) over (NP Washington))) (PP about (NP the need (S (NP-SBJ *) (VP to (VP (VP `` encourage '' (NP long-term investment)) and (VP discourage (NP (NP (NP the financial sector 's) presumed obsession) (PP with (NP the short term))))))))))) .)) (TOP (S (ADVP Now) , (S (NP-SBJ we) (VP regard (NP this) (PP-CLR as (NP a largely phony issue)))) , but (S (NP-SBJ the `` long term '') (VP is (ADVP nonetheless) (NP-PRD a big salon topic) (PP-LOC (ADVP all) around (NP the Beltway)))) .)) (TOP (S (NP-SBJ It) (VP turns (PRT out) (SBAR that (S (NP-SBJ Columbia) (VP had (NP this huge loss) (SBAR-PRP (PP in (NP large part)) because (S (NP-SBJ the new (ADJP congressionally mandated) rules) (VP forced (S (NP-SBJ it) (VP to (VP adjust (NP (NP the book value) (PP of (NP its soon-to-be-sold junk bonds))) (PP-CLR to (NP (NP the lower) (PP of (NP either their cost or market value)))))))))))))) .)) (TOP (S (NP-SBJ-1 They) (VP could (ADVP no longer) (VP be (VP classified (NP *-1) (PP-CLR as (NP (SBAR-NOM (WHNP-2 what) (S (NP-SBJ Columbia) (VP regarded (NP them) (NP *T*-2)))) , (NP namely long-term investments)))))) .)) (TOP (S (NP-SBJ (NP (NP Congress 's) ham-handed treatment) (PP of (NP (NP the existing structure) (PP of (NP junk-bond holdings))))) (VP reminds (NP us) (PP-CLR of (NP (NP a story) (PP-LOC in (NP the Journal)) (ADVP-TMP earlier (NP this year)) (PP about (NP (NP the Baby Bell companies ') desire (S (NP-SBJ *) (VP to (VP have (S (NP-SBJ-1 (NP the court-ordered bans) (PP *ICH*-2)) (VP lifted (NP *-1) (PP-2 on (S-NOM (NP-SBJ *) (VP offering (NP information services)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The issue) (PP of (S-NOM (NP-SBJ *) (VP seeking (NP relief) (PP-CLR from (NP Congress)))))) (VP was (VP raised (NP *-1) (PP to (NP (NP Delbert Staley) , (NP (NP the chairman) (PP of (NP Nynex))))))) .)) (TOP (S (NP-SBJ Mr. Staley) (VP replied : (S `` (NP-SBJ-2 Legislation) (VP tends (S (NP-SBJ-1 *-2) (VP to (VP be (VP compromised (NP *-1)))))))) .)) (TOP (S (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ-1 we) (VP have (S (NP-SBJ *-1) (VP to (VP take (NP a shot) (PP-CLR at (S-NOM (NP-SBJ *) (VP getting (S (NP-SBJ-2 (NP as much) (SBAR *ICH*-4)) (VP done (NP *-2) (SBAR-4 as (S (NP-SBJ we) (VP can (VP *?*)))) (PP-MNR (PP through (NP the court)) , (PP through (NP Justice)) and (PP through (NP state and federal regulatory agencies))))))))))))))) .)) (TOP (S (NP-SBJ I) (VP see (NP Congress) (PP-CLR as (NP a last resort))) . '')) (TOP (S (NP-SBJ (NP (NP Healthy thrifts) (PP such as (NP Columbia))) or (NP (NP the junk-bond market) (NP itself))) (VP should (VP have (VP been (ADJP-PRD so lucky)))) .)) (TOP (S (NP-SBJ (NP The reality) (PP of (NP (NP life) (PP-LOC in (NP modern America))))) (VP is (SBAR-PRD that (S (SBAR-ADV if (S (NP-SBJ-2 you) (VP want (S (NP-SBJ *-2) (VP to (VP wreck (NP (NP something) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP works)))))))))) , (NP-SBJ *) (VP let (NP it) (VP fall (PP-CLR into (NP (NP the hands) (PP of (NP Congress))))))))) .)) (TOP (S (NP-SBJ Exxon Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP move (NP its headquarters) (PP-DIR from (NP Manhattan)) (PP-DIR to (NP Dallas))))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP (NP the 300 employees) (PP-LOC at (NP (NP the oil company 's) midtown headquarters building)))) -- (PP including (NP (NP much) (PP of (NP senior management)))) --) (VP were (ADJP-PRD unaware (PP of (NP the plan))) (SBAR-TMP until (S (NP-SBJ-1 *) (VP informed (NP *-1) (PP-LOC at (NP a morning meeting)) (PP by (NP-LGS Chairman Lawrence G. Rawl)))))) .)) (TOP (S (NP-SBJ The shift) (VP wo n't (VP affect (NP operations))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP (NP its restructuring) (ADVP-TMP (NP several years) ago))))) , (NP-SBJ Exxon) (VP (VP moved (NP (NP most) (PP of (NP those))) (PP-DIR out (PP of (NP the city)))) and (VP sold (NP its 53-floor Rockefeller Center skyscraper) (PP-CLR to (NP a Japanese company)))) .)) (TOP (S But (NP-SBJ-1 the pullout) (VP is (NP-PRD (NP an embarrassment) (PP to (NP New York City officials))) , (S-ADV (NP-SBJ *-1) (VP coming (PP-TMP at (NP (NP a time) (PP of (NP (NP high office building vacancy rates) and (NP (NP departures) (PP by (NP other major companies)))))))))) .)) (TOP (S (S (NP-SBJ-1 Mobil Corp.) (VP is (PP-PRD in (NP (NP the process) (PP of (S-NOM (NP-SBJ *-1) (VP vacating (NP (NP its headquarters) (ADVP-LOC here))))))))) , and (S (NP-SBJ (NP huge operations) (PP like (NP (NP J.C. Penney & Co.) and (NP Trans World Airlines)))) (VP have (ADVP-TMP recently) (VP left))) .)) (TOP (S (NP-SBJ (NP New York authorities) , (VP informed (NP *) (NP-TMP yesterday) (PP-CLR about (NP the move))) ,) (VP reacted (PP-MNR with (NP (NP concern) and (NP even some anger))) (PP-CLR to (NP (NP the idea) (PP of (S-NOM (NP-SBJ (NP the nation 's) third-largest corporation) (VP leaving (PP-MNR without (S-NOM (NP-SBJ *) (VP giving (NP them) (NP an opportunity (S (NP-SBJ *) (VP to (VP accommodate (NP it)))))))))))))) .)) (TOP (SINV (S-TPC-2 `` (S (NP-SBJ We) (VP are (ADJP-PRD dismayed))) , but (S (NP-SBJ there) (VP 's (NP-PRD (NP nothing) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP can (VP do (NP *T*-1) (PP-CLR about (NP it)) (ADVP-TMP now)))))))) , '') (VP said (S *T*-2)) (NP-SBJ (NP Stanley Grayson) , (NP (NP New York City deputy mayor) (PP for (NP (NP finance) and (NP economic development))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ Dallas) (VP welcomed (NP the move)) .)) (TOP (S (S (NP-SBJ (NP City officials) (ADVP-LOC there)) (X (VP had (VP been))) (VP were (ADJP-PRD aware (SBAR that (S (NP-SBJ a large company) (VP was (VP moving (PRT in)))))))) , but (S (NP-SBJ-1 negotiations) (VP had all (VP been (VP conducted (NP *-1) (PP-MNR (PP through (NP a law firm)) and (PP under (NP (NP the code name) (NP `` Everglades)))))))) . '')) (TOP (SINV (S-TPC-3 `` (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 we) (VP were (VP told (NP *-1) (SBAR 0 (S (NP-SBJ it) (VP was (NP-PRD Exxon)))) (ADVP-TMP *T*-2))))) , (NP-SBJ it) (VP was (PP-PRD beyond (NP all expectations)))) ; (FRAG (WHNP what (NP a coup))) , '') (VP said (S *T*-3)) (NP-SBJ (NP Tom Lewis) , (NP (NP senior vice president) (PP of (NP (NP Dallas Partnership) , (NP (NP the economic development affiliate) (PP of (NP (NP (NP the city 's) Chamber) (PP of (NP Commerce))))))))) .)) (TOP (S (NP-SBJ (NP Dallas)) , (S-ADV (NP-SBJ-1 its economy) (VP based (NP *-1) (PP-CLR on (NP (NP oil) and (NP real estate))))) , (VP has (VP been (PP-PRD-LOC in (NP a slump)))) .)) (TOP (S (NP-SBJ Exxon) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP build (NP a new headquarters) (PP-LOC on (NP (NP a 132-acre tract) (PP-LOC in (NP (NP the 10-year-old Las Colinas complex) (PP-LOC in (NP (NP the suburb) (PP of (NP Irving))))))))))))) .)) (TOP (S (SBAR-TMP Until (S (NP-SBJ-1 the building) (VP is (VP completed (NP *-1))))) , (NP-SBJ Exxon) (VP will (VP rent (NP (NP part) (PP of (NP an existing office tower))))) .)) (TOP (S (NP-SBJ (NP Las Colinas) , (NP (ADVP once) a huge Texas ranch) ,) (VP is (NP-PRD (NP a sprawling complex) (PP of (NP (NP office buildings) , (NP homes) and (NP recreational facilities))) (SBAR (WHNP-1 that) (S (NP-SBJ-2 its developers) (VP have (VP been (VP struggling (S (NP-SBJ *-2) (VP to (VP populate (NP *T*-1)))) (PP-TMP in (NP recent years))))))))) .)) (TOP (S (NP-SBJ Exxon officials) (VP said (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-2)) (VP will (VP cost (ADJP (ADJP less) (PP *ICH*-3)) (S-2 (NP-SBJ *) (VP to (VP run (NP its headquarters) (PP-LOC at (NP Las Colinas))))) (PP-3 than (PP-LOC in (NP New York)))))))) .)) (TOP (S (S (NP-SBJ The company) (VP wo n't (VP say (SBAR (WHNP-1 how much) (S (NP-SBJ it) (VP will (VP save (NP *T*-1)))))))) , but (S (X during) (PP-LOC-TPC-2 at (NP its interim location)) , (NP-SBJ sources) (VP say (SBAR 0 (S (NP-SBJ it) (VP will (ADVP likely) (VP pay (NP (NP rent) (PP of (NP (NP (QP $ 10 to $ 15) *U*) (PP per (NP square foot))))) (PP-LOC *T*-2))))))) .)) (TOP (S (NP-SBJ (NP Owners) (PP of (NP (NP the building) (PP-LOC in (NP New York))))) (VP say (SBAR 0 (S (NP-SBJ-2 they) (VP will (VP be (VP asking (NP (NP $ 50 *U*) (PP per (NP square foot))) (PP-CLR for (NP rent)) (S-PRP (NP-SBJ *-2) (VP to (VP fill (NP (NP the space) (SBAR (WHNP-1 that) (S (NP-SBJ Exxon) (VP is (VP vacating (NP *T*-1))))))))))))))) .)) (TOP (S (S-TPC-1 (PP-LOC In (NP Texas)) , (NP-SBJ (NP taxes) and (NP development costs)) (VP are (ADVP also) (ADJP-PRD lower))) , (NP-SBJ they) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S-1 Plus (PRN , (S (NP-SBJ one Exxon official) (VP said (SBAR 0 (S *T*-1)))) ,) (PP-MNR by (S-NOM (NP-SBJ *) (VP eliminating (NP (NP the (ADJP typically long) New York commutes) (PP between (NP office and home)))))) , (NP-SBJ management) (VP will (VP expect (S (NP-SBJ employees) (VP to (VP work (NP (NP 40 hours) (NP-ADV a week)) (PP-LOC in (NP Dallas)) , (PP rather than (NP (NP a 35-hour work week) (PP-LOC in (NP New York))))))))) .)) (TOP (S (NP-SBJ (NP Canadian production) (PP of (NP market pulp))) (VP rose (NP-EXT 1 %) (PP-TMP in (NP September) (PP-TMP from (ADVP (NP a year) earlier))) (SBAR-ADV as (S (NP-SBJ the industry) (VP operated (PP-CLR at (NP (NP 87 %) (PP of (NP capacity)))))))) .)) (TOP (S (NP-SBJ (NP The Canadian Pulp and Paper Association) , (NP an industry group) ,) (VP said (SBAR 0 (S (NP-SBJ Canadian mills) (VP produced (NP (NP 532,000 metric tons) (PP of (NP market pulp))) (PP-TMP in (NP September)) , (PP compared (PP with (NP (NP 527,000 metric tons) (ADVP-TMP (NP a year) earlier)))))))) .)) (TOP (S (NP-SBJ Market pulp) (VP is (NP-PRD (NP wood pulp) (VP sold (NP *) (PP-LOC on (NP the open market)) (PP-CLR to (NP (NP producers) (PP of (NP (NP paper) and (NP other products)))))))) .)) (TOP (S (NP-SBJ The statistics) (VP exclude (NP (NP pulp) (VP (VP consumed (NP *) (PP-LOC at (NP the producing mill))) or (VP shipped (NP *) (PP-DIR to (NP (NP another mill) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP is (VP affiliated (NP *-2) (PP-CLR with (NP the producing mill)))))))))))) .)) (TOP (S (NP-SBJ Canada) (VP is (NP-PRD (NP (NP the world 's) largest producer) (PP of (NP market pulp)))) .)) (TOP (S (NP-SBJ The September (ADJP 87 %) operating rate) (VP (VP compared (PP-CLR with (NP (NP a rate) (PP of (NP 101 %)) (PP-TMP in (NP August))))) but (VP was (ADJP-PRD unchanged (PP-TMP from (ADVP (NP a year) earlier))))) .)) (TOP (S (PP-TMP In (NP (NP the first nine months) (PP of (NP this year)))) (NP-SBJ output) (VP was (NP-PRD 5,377,000 metric tons) , (ADVP down (PP from (NP 5,441,000 metric tons) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ-1 IMA Holdings Corp.) (VP completed (NP (NP its (ADJP (QP $ 3 billion) *U*) acquisition) (PP of (NP American Medical International Inc.))) , (S-ADV (NP-SBJ *-1) (VP purchasing (NP (NP (NP (QP 63 million) shares) , or (NP 86 %) ,) (PP of (NP the Los Angeles-based health-care services concern))) (PP-CLR for (NP (NP $ 26.50 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ The price) (ADVP also) (VP includes (NP (NP assumption) (PP of (NP (NP (QP about $ 1.4 billion) *U*) (PP in (NP debt)))))) .)) (TOP (S (NP-SBJ IMA) (VP is (NP-PRD (NP a group) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (NP (NP First Boston Corp.) and (NP (NP the Pritzker family) (PP of (NP Chicago)))) (PP-MNR through (NP the leveraged buy-out fund Harry Gray Melvyn Klein & Partners))))))) .)) (TOP (S (NP-SBJ-1 (NP Harry J. Gray) and (NP Melvyn N. Klein) , (PP along (PP with (NP five other IMA designees))) ,) (VP were (VP named (S (NP-SBJ *-1) (VP to (VP join (NP (NP American Medical 's) 10-member board)))))) .)) (TOP (S (NP-SBJ (NP The completion) (PP of (NP the merger agreement))) (VP follows (NP (NP months) (PP of (NP twists and turns)))) .)) (TOP (S (PP-TMP In (NP January)) , (NP-SBJ American Medical) (VP brought (PRT in) (NP (NP a new chief executive officer) , (NP (NP Richard A. Gilleland) , (NP 45) ,) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP remain (PP-CLR as (NP (NP chairman) , (NP president) and (NP chief executive))))))))) .)) (TOP (S (ADVP-TMP (NP A few days) later) , (NP-SBJ-1 American Medical) (VP announced (NP (ADJP sharply lower) earnings) , (S-ADV (NP-SBJ *-1) (VP taking (NP (NP charges) (PP of (NP (QP $ 24 million) *U*)) (PP for (NP (NP insurance reserves) and (NP canceled real estate leases))))))) .)) (TOP (S (PP-TMP In (NP March)) , (NP-SBJ American Medical) (VP received (NP a (ADJP $ 24-a-share *U*) offer (S (NP-SBJ *) (VP to (VP take (S (NP-SBJ the company) (ADJP-PRD private)))))) (PP-CLR from (NP (NP an investor group) (PP including (NP (NP large holder) (NP M. Lee Pearce)))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP was (VP considering (NP (NP a restructuring) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP help (VP boost (NP the stock price))))))))) .)) (TOP (S (NP-SBJ (NP A group) (PP including (NP (NP several members) (PP of (NP (NP the the Bass family) (PP of (NP Texas))))))) (VP urged (NP-1 the company) (S (NP-SBJ *-1) (VP to (VP take (NP (NP some steps) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP maximize (NP shareholder value)))))))))) .)) (TOP (S (NP-TMP The following month) , (NP-SBJ the company) (VP put (NP itself) (PP-PUT up (PP for (NP sale)))) .)) (TOP (S (S (NP-SBJ It) (VP received (NP more offers))) , but (S (NP-SBJ-2 the auction) (VP was (ADVP surprisingly) (VP won (NP *-2) (PP by (NP-LGS (NP IMA) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP bid (NP (NP $ 28 *U*) (NP-ADV a share))) and (VP asked (NP-3 Mr. Gilleland) (S (NP-SBJ *-3) (VP to (VP stay (PRT on) (PP-CLR as (NP an equity participant)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP indicated (SBAR that (S (NP-SBJ-1 some assets) (VP might (VP be (VP sold (NP *-1) (ADVP off) (S-PRP (NP-SBJ *) (VP to (VP service (NP the debt)))))))))) .)) (TOP (S (ADVP Then) , (PP-TMP after (S-NOM (NP-SBJ-1 *) (VP extending (NP its offer) (NP-ADV four times) (S-ADV (NP-SBJ *-1) (VP waiting (PP-CLR for (NP a congressional tax ruling))))))) , (NP-SBJ IMA) (ADVP-TMP early (NP this month)) (VP lowered (NP its offer) (PP-DIR to (NP (NP $ 26.50 *U*) (NP-ADV a share))) (PP-LOC amid (NP (NP turbulence) (PP-LOC in (NP the junk bond market))))) .)) (TOP (S (NP-SBJ-1 American Medical) (VP accepted (NP the offer) , (S-ADV (ADVP meanwhile) (NP-SBJ *-1) (VP indicating (SBAR 0 (S (NP-SBJ it) (VP had (VP heard (PP-CLR from (NP two other suitors))))))))) .)) (TOP (S But (S (NP-SBJ they) (ADVP-TMP never) (VP materialized)) and (S (NP-SBJ IMA) (VP completed (NP the purchase) (NP-TMP yesterday))) .)) (TOP (S (NP-SBJ Other new board members) (VP include (NP (NP (NP John S. Harrison and Mark A. Adley) (PP of (NP First Boston))) , (NP James F. Lyons) , (NP William S. Goldberg) and (NP Harold S. Handelsman))) .)) (TOP (S (NP-SBJ Treasury Secretary Nicholas Brady) (VP said (SBAR that (S (NP-SBJ Congress) (VP should (VP grant (NP the Securities and Exchange Commission) (NP the power (S (NP-SBJ *) (VP to (VP close (NP the stock markets) (PP-TMP in (NP (NP periods) (PP of (NP crisis))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP testimony) (PP to (NP the Senate securities subcommittee)))) , (NP-SBJ Mr. Brady) (VP disputed (NP (NP the view) (PP of (NP (NP SEC Chairman Richard Breeden) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP told (NP a House panel) (NP-TMP Wednesday) (SBAR that (S (NP-SBJ he) (VP does n't (VP want (NP the ability (S (NP-SBJ *) (VP to (VP halt (NP the markets)))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Breeden) (VP contended (SBAR that (S (NP-SBJ discretionary power) (VP could (VP have (NP an impact) (PP-CLR on (NP the markets)) (SBAR-ADV if (S (NP-SBJ-2 (NP rumors) (PP *ICH*-4)) (VP were (S (NP-SBJ *-2) (VP to (VP circulate))) (PP-4 about (SBAR-NOM (WHADVP-3 when) (S (NP-SBJ-1 the exchanges) (VP might (VP be (VP closed (NP *-1) (ADVP-TMP *T*-3))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ the president) (ADVP already) (VP has (NP the power (S (NP-SBJ *) (VP to (VP close (NP the markets) (PP-TMP in (NP an emergency)))))))))) .)) (TOP (S But (NP-SBJ Mr. Brady) (VP argued (SBAR that (S (NP-SBJ the SEC) (VP is (UCP-PRD-LOC (ADJP closer (PP to (NP the markets))) and (PP in (NP (NP a better position) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP understand (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the exchanges) (VP are (PP-LOC-PRD under (NP such stress (SBAR that (S (NP-SBJ-1 they) (VP should (VP be (VP closed (NP *-1)))))))) (ADVP-TMP *T*-3)))) (ADVP-LOC *T*-2)))))))))))) .)) (TOP (S (ADVP-MNR Separately) , (NP-SBJ Mr. Brady) (VP said (SBAR 0 (S (NP-SBJ he) (VP asked (NP-1 (NP the Working Group) (PP on (NP Financial Markets))) (S (NP-SBJ *-1) (VP to (VP determine (SBAR whether (S (NP-SBJ futures margins) (VP are (ADJP-PRD too low))))))))))) .)) (TOP (S (NP-SBJ He) (VP noted (SBAR that (S (NP-SBJ-1 some minimum margin requirements) (VP have (VP been (VP reduced (NP *-1) (PP-CLR to (NP (NP levels) (PP-LOC below (NP (NP those) (PP-TMP before (NP the 1987 crash)))))))))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ This) (VP raises (NP questions (SBAR (SBAR whether (S (NP-SBJ futures and equity margin requirements) (VP are (ADJP-PRD consistent) (PP-LOC at (NP these levels))))) and (SBAR whether (S (NP-SBJ futures margins) (VP are (ADJP-PRD adequate))))))) , '') (NP-SBJ Mr. Brady) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Margins) (VP are (NP-PRD (NP the amount) (PP of (NP money)) (SBAR (WHNP-1 0) (S (NP-SBJ-2 an investor) (VP needs (S (NP-SBJ *-2) (VP to (VP put (NP *T*-1) (PRT up)))) (S-PRP (NP-SBJ *-2) (VP to (VP buy or sell (NP a futures contract))))))))) .)) (TOP (S (NP-SBJ-1 (NP Margins) (PP-LOC on (NP the futures exchanges))) (ADVP typically) (VP are (VP raised and lowered (NP *-1) (PP-MNR according (PP to (NP market volatility))))) .)) (TOP (S (S (NP-SBJ (NP The Chicago Mercantile Exchange margins) (PP for (NP (NP the Standard & Poor 's) 500 stock-index futures))) (VP stood (PP-LOC-CLR at (NP (NP (NP $ 10,000 *U*) (NP-ADV a contract) (PP for (NP speculators))) and (NP (NP $ 5,000 *U*) (PP for (NP hedgers))))) (PP-TMP before (NP Oct. 16 , 1987)))) ; (S (NP-TMP that day) (NP-SBJ-1 the hedging margin) (VP was (VP raised (NP *-1) (PP-DIR to (NP $ 7,500 *U*))))) .)) (TOP (S (NP-SBJ-1 Margins) (VP were (VP raised or lowered (NP *-1) (NP-EXT (QP about a dozen) times) (PP-TMP since (NP (NP the crash) (NP-TMP Oct. 19 , 1987))))) .)) (TOP (S (ADVP-TMP Currently) , (NP-SBJ they) (VP stand (PP-CLR-LOC at (NP (NP (NP $ 12,000 *U*) (PP for (NP (NP speculators) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (ADVP typically) (NP-PRD (NP individuals) and (NP non-member traders))))) ,))) and (NP (NP $ 6,000 *U*) (PP for (NP (NP hedgers) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP (VP are (ADVP usually) (NP-PRD institutions)) and (VP have (NP (NP offsetting positions) (PP-LOC in (NP the underlying stocks))))))))))))) .)) (TOP (S (NP-SBJ Mr. Brady) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ the leveraged buy-out phenomenon) (VP to (VP `` end (PP-LOC under (NP (PRN -LRB- its -RRB-) own weight))))))))) . '')) (TOP (S (S-ADV (NP-SBJ-3 *-2) (VP Asked (NP *-3) (SBAR whether (S (NP-SBJ there) (VP is (NP-PRD (NP anything) (SBAR (WHNP-1 0) (S (NP-SBJ-4 Congress) (VP should (VP do (NP *T*-1) (S-PRP (NP-SBJ *-4) (VP to (VP curb (NP the LBO boom)))))))))))))) , (NP-SBJ-2 Mr. Brady) (VP responded , (S `` (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the LBO phenomenon) , (SBAR-ADV (PRN -LRB- while -RRB-) (S (NP-SBJ it) (VP wo n't (VP stop (ADVP-MNR completely))))) , (VP will (VP be (NP-PRD (NP a thing) (PP of (NP the past)))))))))) . '')) (TOP (S (PP-TMP Before (S-NOM (NP-SBJ *) (VP taking (NP any action)))) , (NP-SBJ he) (VP advised (NP-2 the panel) (S (NP-SBJ *-2) (VP to (VP `` see (SBAR (WHNP-1 what) (S (NP-SBJ the market) (VP has (VP produced (NP *T*-1) (PP as (NP a cure)))))))))) . '')) (TOP (S (NP-SBJ Mr. Brady) (ADVP also) (VP (VP agreed (PP-CLR with (NP (NP (NP senators ') concerns) (PP about (NP recent stock-market volatility))))) , and (VP said (SBAR 0 (S (NP-SBJ he) (VP realizes (SBAR that (S (NP-SBJ the gyrations) (VP are (VP scaring (NP-1 investors) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP investing (PP-CLR in (NP stocks)))))))))))))) .)) (TOP (S But (NP-SBJ he) (VP added (SBAR that (S (NP-SBJ individuals) (ADVP-TMP still) (VP are (VP participating (PP-CLR in (NP the equity market)) (ADVP-MNR indirectly) (PP-MNR through (NP (NP mutual funds) and (NP pension funds)))))))) .)) (TOP (S (NP-SBJ-2 The former Wall Street executive) (VP refused (S (NP-SBJ *-2) (VP to (VP offer (NP (NP an opinion) (PP on (NP (NP the controversy) (VP surrounding (NP (NP program trading) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP (VP has (ADVP-TMP recently) (VP become (NP-PRD (NP a larger part) (PP of (NP (NP the trading) (PP-LOC in (NP the market))))))) and (VP has (VP been (VP blamed (NP *-3) (PP-CLR for (S-NOM (NP-SBJ *) (VP accelerating (NP the drop) (ADVP-TMP (NP two weeks) ago))))))))))))))))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ I) (VP do not (VP have (NP (NP a view) (PP of (SBAR whether (S (NP-SBJ we) (VP should (VP do (NP anything) (PP-CLR about (NP program trading)) (PP-TMP at (NP this time)))))))))) , '') (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S But (NP-SBJ Mr. Brady) (VP endorsed (NP (NP the market-revision bill) (SBAR (WHNP-1 that) (S (NP-SBJ-2 (NP both houses) (PP of (NP Congress))) (VP will (VP try (S (NP-SBJ *-2) (VP to (VP push (NP *T*-1) (ADVP-CLR through) (NP-TMP this session)))))))))) .)) (TOP (S (NP-SBJ (NP That bill) , (VP proposed (NP *) (PP by (NP-LGS the SEC)) (NP-TMP last year)) ,) (VP would (VP (VP require (S (NP-SBJ brokerage firms) (VP to (VP disclose (NP (NP the financial positions) (PP of (NP their holding companies))))))) , (VP mandate (NP (NP (NP large traders ') reporting) (PP of (NP program or block trades)))) , and (VP improve (NP (NP clearing and settlement) (PP of (NP (NP trades) (PP-LOC between (NP the futures and stock markets)))))))) .)) (TOP (S (NP-SBJ The bill) (ADVP also) (VP would (VP give (NP the SEC) (NP (NP the power (S (NP-SBJ *) (VP to (VP close (NP the markets))))) , (NP (NP a discretion) (SBAR (WHNP-1 that) (S (S (NP-SBJ former SEC Chairman David Ruder) (VP wanted (NP *T*-1))) but (S (NP-SBJ Mr. Breeden) (VP does n't (VP *?* (NP *T*-1)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Brady) and (NP senators)) (VP agreed (S (NP-SBJ *-1) (VP to (VP have (S (NP-SBJ-2 their staffs) (VP meet (PP-TMP within (NP the next week)) (S-PRP (NP-SBJ-3 *-2) (VP to (VP start (S (NP-SBJ *-3) (VP fine-tuning (NP the bill)))))))))))) .)) (TOP (S (NP-SBJ The Senate Agriculture Committee) (VP is (VP responding (PP-CLR to (NP (NP trading abuses) (PP-LOC in (NP the futures markets)))) (PP-MNR with (NP (NP a far-reaching bill) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP become (NP-PRD (NP the Futures Trading Practices Act) (PP of (NP 1989))))))))))) .)) (TOP (S (NP-SBJ The proposed legislation) (VP has (NP a laudable goal : (S (NP-SBJ *) (VP to (VP assure (NP (NP the integrity) (PP of (NP the U.S. futures markets)))))))) .)) (TOP (S (ADVP However) , (PP as (S-NOM (NP-SBJ *) (VP is (ADJP-PRD common (PP with (NP sweeping legislation)))))) , (NP-SBJ the proposal) (VP contains (NP (NP many provisions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP destroy (NP (NP important parts) (PP of (NP (NP the system) (SBAR (WHNP-2 0) (S (NP-SBJ-3 it) (VP sets (PRT out) (S (NP-SBJ *-3) (VP to (VP preserve (NP *T*-2)))))))))))))))) .)) (TOP (S (NP-SBJ (NP The complex bill) , (VP introduced (NP *) (PP by (NP-LGS Sens. (NP (NP (NP Patrick Leahy) (PRN -LRB- (NP (NP D.) , (NP-LOC Vt.)) -RRB-)) , (NP (NP Richard Lugar) (PRN -LRB- (NP (NP R.) , (NP-LOC Ind.)) -RRB-)) , and (NP (NP Bob Kerrey) (PRN -LRB- (NP (NP D.) , (NP-LOC Neb.)) -RRB-)))))) ,) (VP covers (NP (NP a wide range) (PP of (NP (NP provisions) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP (VP would (VP affect (NP (NP the funding and authority) (PP of (NP the Commodity Futures Trading Commission))))) and (VP would (VP (ADVP-MNR profoundly) change (NP (NP the way) (SBAR (WHADVP-3 0) (S (NP-SBJ-1 the industry) (VP is (VP regulated (NP *-1) (ADVP-MNR *T*-3))))))))))))))) .)) (TOP (S (NP-SBJ These) (VP include (NP (NP (NP provisions) (VP relating (PP-CLR to (NP (NP the technology and systems) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP must (VP be (VP employed (NP *-1) (PP by (NP-LGS exchanges))))))))))) , (NP (NP oversight and disciplinary procedures) (PP for (NP exchange trading practices))) , (NP (NP the relationship) (PP between (NP (NP commodity brokerage firms) and (NP floor traders)))) , and (NP exchange governance))) .)) (TOP (S (NP-SBJ The bill) (ADVP also) (VP (VP elevates (NP even minor rule infractions) (PP-DIR-CLR to (NP felonies))) and (VP provides (PP-CLR for (NP (NP recovery) (PP of (NP punitive damages)) (PP-LOC in (NP (NP civil lawsuits) and (NP arbitration cases))))) (PP-MNR without (NP (NP any showing) (PP of (NP willful misconduct)))))) .)) (TOP (S (NP-SBJ-3 (NP Many aspects) (PP of (NP the bill))) (VP are (ADJP-PRD salutary) , (S-ADV (NP-SBJ *-3) (VP providing (NP (NP appropriate public safeguards) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP can and should (VP be (VP instituted (NP *-1) (PP-LOC throughout (NP the industry))))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ-1 (NP (NP some) (PP of (NP (NP the bill 's) requirements))) , (PP including (NP (NP (NP broad representation) (PP-LOC on (NP (NP (NP the exchanges ') boards) (PP of (NP directors))))) and (NP strong measures (S (NP-SBJ *) (VP to (VP prevent (NP (NP conflicts) (PP of (NP interest))))))))) ,) (ADVP already) (VP have (VP been (VP put (NP *-1) (PP-PUT in (NP place)) (PP by (NP-LGS (NP the Coffee , Sugar & Cocoa Exchange) and (NP other futures exchanges)))))) .)) (TOP (S (NP-SBJ-2 (NP Other aspects) (PP of (NP the bill))) , (ADVP however) , (VP are (ADVP either) (VP (VP structured (NP *-2) (PP-MNR in (NP (NP ways) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP create (NP (NP unnecessary burdens) (PP for (NP the industry))))))))) or (VP (ADVP actually) are (ADJP-PRD harmful (PP to (NP (NP the exchanges) , (NP the industry) and (NP (ADVP-TMP ultimately) the general public))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP the (ADJP most prominent) features))) (VP is (NP-PRD the requirement (SBAR that (S (PP-TMP in (NP three years)) (NP-SBJ all exchanges) (VP have (PP-LOC-CLR in (NP place)) (NP (NP a system) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP records (NP all trades) (PP by (NP (NP a source) (ADJP independent (PP of (NP the executing broker)))))))))))))) .)) (TOP (S (NP-SBJ-1 The New York futures exchanges) (VP have (VP been (VP working (ADVP-MNR together) (S-PRP (NP-SBJ *-1) (VP to (VP develop (NP (NP a trade recording system) (PP much like (NP (NP the one) (VP called (PP for (NP *) ) (PP-LOC in (NP the bill)))))))))))) .)) (TOP (S (NP-SBJ-1 We) (VP would (VP be (ADJP-PRD delighted (S (NP-SBJ *-1) (VP to (VP have (NP such a system) (PP-LOC in (NP place)) (NP-TMP today))))))) .)) (TOP (SQ But is (NP-SBJ (NP it) (SBAR *EXP*-3)) (ADJP-PRD realistic) (SBAR-3 for (S (NP-SBJ Congress) (VP to (VP mandate (PP-MNR by (NP a rigid deadline)) (NP (NP a system) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP has not (ADVP yet) (VP been (VP subjected (NP *-1) (PP-CLR to (NP feasibility studies)))))))))))) ?)) (TOP (SBAR What if (S (NP-SBJ the system) (VP does n't (VP work))) ?)) (TOP (SBAR What if (S (NP-SBJ (NP the only system) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP does (NP work))))) (VP is (ADJP-PRD (ADJP so expensive) (SBAR that (S , (PP at best) , (NP-SBJ only the largest exchanges) (VP can (VP afford (NP it)))))))) ?)) (TOP (S (NP-SBJ Cost) (VP is (NP-PRD a key consideration) (PP-PRP because of (NP (NP the global sweep) (PP of (NP the financial markets))))) .)) (TOP (S (NP-SBJ The U.S. futures exchanges) (VP compete (ADVP-LOC world-wide) (ADVP-MNR as never before)) .)) (TOP (S (NP-TMP Today) , (NP-SBJ-1 (NP trading) (PP in (NP almost any commodity))) (VP can (VP be (VP diverted (NP *-1) (PP-CLR from (NP U.S. markets)) (PP-MNR with (NP (NP just a few strokes) (PP of (NP a keyboard))))))) .)) (TOP (S (NP-SBJ All foreign markets) (VP are (VP (ADVP-MNR aggressively) courting (NP U.S. business))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ several London markets) (ADVP-TMP already) (VP offer (NP (NP lower costs) (PP for (NP (NP trading) (PP in (NP the (ADJP (ADJP same) or (ADJP very similar)) contracts)))))) .)) (TOP (S (S (NP-SBJ The U.S. exchanges) (VP need (NP both (NP market integrity) and (NP cost-efficiency)))) ; (S (NP-SBJ long-term growth) (VP depends (PP-CLR on (NP it)))) .)) (TOP (S (NP-SBJ The Senate bill) (VP contains (NP (NP many provisions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP increase (NP (NP the costs) (PP of (NP trading))))))))) .)) (TOP (S (NP-SBJ (NP The (ADJP most arbitrary)) (PP of (NP these))) (VP is (NP-PRD (NP the imposition) (PP of (NP (NP `` service fees , '') (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP (ADVP-MNR directly) widen (NP (NP the cost spread) (PP-LOC between (NP (UCP U.S. and foreign) markets))))))))))) .)) (TOP (S (NP-SBJ Other provisions) (VP have (NP (NP a (ADJP (ADJP more subtle) , but (ADJP nonetheless real and detrimental)) effect) (PP on (NP (NP the international position) (PP of (NP U.S. exchanges)))))) .)) (TOP (S (NP-SBJ These) (VP include (NP (NP (NP the extension) (PP of (NP liability)) (PP-DIR into (NP (NP areas) (PP-MNR beyond (NP (NP those) (VP established (NP *) (PP by (NP-LGS judicial precedent)))))))) and (NP (NP the expansion) (PP of (NP liability)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP include (NP punitive damages)))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ *-1) (VP increasing (NP costs) (PP-PRP as (NP (NP a result) (PP of (NP (NP greater financial exposure) (PP for (NP members))))))))))) , (NP-SBJ-1 these measures) (VP could (VP have (NP (ADJP other , far-reaching) repercussions))) .)) (TOP (S (NP-SBJ (NP One section) (PP of (NP the bill))) (VP would (VP make (S (NP-SBJ all commodity brokerage firms and floor brokers) (ADJP-PRD liable (PP for (NP damages)) (PP without (NP willful misconduct)))))) .)) (TOP (SINV (ADVP-LOC Nowhere (PP in (NP the federal securities law))) is (NP-SBJ (NP simple negligence) or (NP inadvertent action)) (NP-PRD (NP a source) (PP of (NP liability))) (PP-LOC under (NP similar circumstances)) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP is (ADJP-PRD only logical) (S-1 (NP-SBJ *) (VP to (VP assume (SBAR that (S (NP-SBJ (NP the enactment) (PP of (NP this provision))) (VP will (VP lead (PP-DIR-CLR to (NP increased litigation)))))))))) .)) (TOP (S (PP-LOC In (NP an already low-profitmargin business)) , (NP-SBJ-1 commodity brokerage firms) (VP may (ADVP well) (VP decide (S (NP-SBJ-2 *-1) (VP to (VP eliminate (NP (NP the risk and expense) (PP of (S-NOM (NP-SBJ *) (VP dealing (PP-CLR with (NP the retail public)))))) , (S-ADV (NP-SBJ *-2) (VP depriving (NP the private individual) (PP-CLR of (NP (NP access) (PP to (NP the markets))))))))))) .)) (TOP (S (NP-SBJ Another measure) (VP makes (S (NP-SBJ commodity brokerage firms) (ADJP-PRD liable (PP for (NP (NP violations) (VP committed (NP *) (PP by (NP-LGS (NP independent floor brokers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP execute (NP trades) (PP for (NP them))))))))))))) .)) (TOP (S (NP-SBJ This untried concept) (VP would (VP expose (NP these firms) (PP-CLR to (NP (ADJP potentially astronomical) punitive damages)))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Faced (NP *-1) (PP-CLR with (NP (NP the (ADJP virtually impossible) task) (PP of (S-NOM (NP-SBJ *-1) (VP supervising (NP (NP the execution) (PP of (NP each trade)))))))))) , (NP-SBJ-2 many commodity brokerage firms) (VP are (ADJP-PRD likely (S (NP-SBJ-3 *-2) (VP to (VP (VP stop (S (NP-SBJ *-3) (VP doing (NP business) (PP-CLR with (NP independents))))) and (VP (ADVP instead) hire (NP their own salaried floor brokers))))))) .)) (TOP (S (NP-SBJ This) (VP would (VP force (S (PP-PRD out (PP of (NP business))) (NP-SBJ (NP many) (PP of (NP (NP (NP the individuals) and (NP small firms)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP function (PP-MNR as (NP floor brokers))))))))))) .)) (TOP (S (NP-SBJ (NP A consequence) (PP of (NP their departure))) (VP could (VP be (NP-PRD (NP a serious diminution) (PP of (NP market liquidity))))) .)) (TOP (S (ADVP Finally) , (PP-LOC under (NP the bill)) , (NP-SBJ-1 (NP a number) (PP of (NP (ADJP legitimate , longstanding) business practices))) (VP would (VP be (VP (ADVP-MNR arbitrarily) banned (NP *-1) , (SBAR-ADV unless (S (NP-SBJ-2 the CFTC) (VP were (S (NP-SBJ-3 *-2) (VP to (VP take (NP (ADJP specific and timely) action) (S-PRP (NP-SBJ *-3) (VP to (VP permit (S (NP-SBJ them) (VP to (VP continue))))))))))))))) .)) (TOP (S (PP In (NP other words)) , (NP-SBJ regulation) (VP will (VP occur (PP-MNR (PP through (NP (NP inaction) and (NP happenstance))) , (PP rather than (PP through (NP a normal deliberative procedure)))))) .)) (TOP (S (NP-SBJ The affected practices) (VP include (NP (NP (NP the placing) (PP of (NP oral orders)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (NP-PRD (NP the way) (SBAR (WHADVP-3 0) (S (NP-SBJ-1 most public customer orders) (VP are (VP placed (NP *-1) (ADVP-MNR *T*-3)))))))))) , and (NP (NP trading) (PP between (NP affiliated brokers)))) , (SBAR even though (S (PP-LOC in (NP some cases)) (NP-SBJ (NP trading) (PP with (NP affiliates))) (VP may (VP be (NP-PRD (NP the only way) (SBAR (WHADVP-4 0) (S (NP-SBJ *) (VP to (VP obtain (NP (NP the best execution) (PP for (NP a client))) (ADVP-MNR *T*-4))))))))))) .)) (TOP (SINV (ADVP Also) (ADJP-PRD-TPC-2 precluded) (VP would (VP be (ADJP-PRD *T*-2))) (NP-SBJ (NP dual trading) , (SBAR (WHADVP-3 whereby) (S (NP-SBJ a broker) (VP trades (PP for (NP (NP customers) (ADVP as well (PP as (NP his own account))))) (ADVP-MNR *T*-3)))) , (NP (NP a practice) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP provides (NP needed liquidity) (PP-CLR to (NP the markets))))))) .)) (TOP (S (NP-SBJ All U.S. futures exchanges) (VP agree (SBAR that (S (NP-SBJ these and other trading practices) (VP require (NP proper regulation and supervision))))) .)) (TOP (S (ADVP Nonetheless) , (NP-SBJ each) (VP has (NP (NP (ADJP too much) potential value) (PP to (NP the system)) (S (NP-SBJ-1 *) (VP to (VP be (VP banned (NP *-1) (PP by (NP-LGS legislative fiat)) (SBAR-TMP before (S (NP-SBJ the CFTC) (VP (ADVP-MNR carefully) considers (NP (NP (NP all the consequences) (PP of (NP a ban))) and (SBAR-NOM (WHNP-2 what) (S (NP-SBJ the regulatory alternatives) (VP are (NP-PRD *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ The markets) (VP are (ADJP-PRD complex) , (SBAR-ADV as (SINV (VP is (ADJP-PRD *?*)) (NP-SBJ (NP the environment) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ they) (VP function (PP-LOC *T*-1)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ problems) (VP surface (ADVP-TMP *T*-2)))) , (NP-SBJ the temptation (S *ICH*-3)) (VP becomes (ADJP-PRD strong) (S-3 (NP-SBJ *) (VP to (VP (ADVP-MNR summarily) overhaul (NP (NP a market system) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP served (PP-TMP for (NP (QP more than 100) years))))))))))) .)) (TOP (S (NP-SBJ-3 That temptation) (VP must (VP be (VP put (NP *-3) (ADVP-PUT aside) (S-PRP (NP-SBJ-4 *) (VP (VP to (VP permit (NP (NP careful consideration) (PP of (NP (NP all the implications) , (ADJP positive and negative) , (PP of (NP (NP the proposed resolutions) (PP to (NP those problems))))))))) , and (VP to (VP avoid (S (NP-SBJ *-4) (VP creating (NP (NP a marketplace) (SBAR (WHADVP-2 where) (S (NP-SBJ no one) (VP trades (ADVP-LOC *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ Mr. Nastro) (VP is (NP-PRD (NP (NP chairman) (PP of (NP (NP the Coffee , Sugar & Cocoa Exchange) (PP-LOC in (NP New York))))) and (NP (NP director) (PP of (NP (NP commodity administration) (PP-LOC at (NP Shearson Lehman Hutton))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Initial claims) (PP for (NP state unemployment benefits))) (VP fell (PP-DIR to (NP a (ADJP seasonally adjusted) 332,000) (PP-TMP for (NP (NP the week) (VP ended (NP *) (NP-TMP Oct. 14))))) (PP-DIR from (NP 396,000) (NP-TMP the previous week)))) , (NP-SBJ the Labor Department) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The number) (PP of (NP (NP people) (VP receiving (NP state benefits) (PP-TMP in (NP (NP the week) (VP ended (NP *) (NP-TMP Oct. 7)))))))) (VP fell (PP-DIR to (NP (NP a (ADJP seasonally adjusted) 2,202,000) , or (NP (NP 2.1 %) (PP of (NP (NP those) (ADJP covered (PP by (NP unemployment insurance)))))))) , (PP-DIR from (NP 2,205,000) (NP (NP the previous week) , (SBAR (WHADVP-1 when) (S (NP-SBJ the insured unemployment rate) (VP was (NP-PRD 2.2 %) (ADVP-TMP *T*-1))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Counting (NP all state and federal benefit programs))) , (NP-SBJ (NP the number) (PP of (NP (NP people) (VP receiving (NP unemployment benefits) (PP-TMP in (NP (NP the week) (VP ended (NP *) (NP-TMP Oct. 7)))))))) (VP fell (PP-DIR to (NP 1,784,400)) (PP-DIR from (NP 1,810,700) (ADVP-TMP (NP a week) earlier))) .)) (TOP (S (NP-SBJ These figures) (VP are n't (ADJP-PRD seasonally adjusted)) .)) (TOP (S (PP-LOC On (NP (NP the hungry streets) (PP of (NP (NP Naguib Mahfouz 's) Cairo)))) , (NP-SBJ life) (VP is (ADJP-PRD (ADJP nasty) , (ADJP brutish) and (ADJP wickedly entertaining))) .)) (TOP (S (NP-SBJ (NP Zaita) (NP the `` cripple-maker '')) (VP (VP rearranges (NP (NP the limbs) (PP of (NP aspiring beggars)))) -- and (VP takes (NP (NP a cut) (PP of (NP (NP every cent) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP cadge (NP *T*-1))))))))) .)) (TOP (S (NP-SBJ Hassan Kamel Ali) (VP is (NP-PRD (NP (NP a card shark) and (NP dope dealer)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (NP (NP a simple creed) : `` (S (NP-SBJ-2 I) (VP live (PP-LOC in (NP this world)) , (S-MNR (NP-SBJ *-2) (VP assuming (SBAR that (S (NP-SBJ there) (VP is (NP-PRD no morality , God or police)))))))))))))) . '')) (TOP (S (PP For (NP (NP the killer and thief) , (NP Said Mahran) ,)) (NP-SBJ fame) (VP flows (PP-CLR from (NP (NP the barrel) (PP of (NP a gun))))) .)) (TOP (S-1 `` (NP-SBJ One man) (VP said (SBAR 0 (S (NP-SBJ you) (VP act (PP-CLR as (NP (NP a stimulant) (PRN , '' (S (NP-SBJ a prostitute) (VP tells (NP him) (S *T*-1))) , ``) (NP a diversion (S (NP-SBJ *) (VP to (VP relieve (NP (NP people 's) boredom))))))))))) . '')) (TOP (S (NP-SBJ (NP Mr. Mahfouz 's) Cairo) (ADVP also) (VP has (NP (NP (NP Sufi sheiks) and (NP saintly wives)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP look (PP-DIR-CLR to (NP God , not crime ,)) (PP-CLR for (NP their salvation))))))) .)) (TOP (S-CLF But (NP-SBJ it) (VP is (NP-PRD (NP (NP his portrait) (PP (PP of (NP Cairo low-life)) -- (PP of (NP (NP charlatans) and (NP opium addicts))) , (PP of (NP (NP streets) (VP filled (NP *) (PP-CLR with `` (NP (NP dust) , (NP vegetable litter) , and (NP animal dung)) ''))))))) -- (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP made (NP his reputation)) , and (VP won (NP-BNF him) (NP the Nobel Prize) (PP-TMP in (NP 1988))))))) .)) (TOP (S (NP-SBJ (NP (NP Three novels) , (NP (NP-TTL (NP `` (NP The Beginning) and (NP the End) '') (PRN -LRB- (NP 412 pages) , (NP $ 19.95 *U*) -RRB-)) , (NP (NP-TTL `` (NP The Thief) and (NP the Dogs) '') (PRN -LRB- (NP 158 pages) , (NP $ 16.95 *U*) -RRB-)) , and (NP (NP-TTL `` Wedding Song '') (PRN -LRB- (NP 174 pages) , (NP $ 16.95 *U*) -RRB-)))) , (VP (ADVP-TMP recently) published (NP *) (PP by (NP-LGS Doubleday)))) (VP offer (NP (NP an uneven sample) (PP of (NP (NP the 77-year-old Mr. Mahfouz 's) talent)))) .)) (TOP (S But (NP-SBJ they) (VP do (VP show (NP (NP the range) (PP of (NP (NP a restless intellect) (SBAR (WHNP-1 whose (NP 30-odd novels)) (S (NP-SBJ *T*-1) (VP (VP span (NP-EXT five decades)) and (VP include (NP (NP work) (PP of (NP social realism , protest and allegory)))))))))))) .)) (TOP (S (NP-SBJ They) (ADVP also) (VP chart (NP (NP the evolution) (PP of (NP (NP a city) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP grown (ADVP-EXT tenfold) (PP-TMP in (NP (NP the author 's) lifetime)) , (PP-MNR (PP from (NP (NP a colonial outpost) (PP of (NP fez-wearing pashas)))) (PP to (NP (NP a Third World slum) (VP choking (PP-CLR on (NP its own refuse)))))))))))))) .)) (TOP (S-1 `` (ADVP-TMP Soon) (NP-SBJ it) (VP 'll (VP be (ADJP-PRD (ADJP so crowded) (PRN , '' (S (NP-SBJ a narrator) (VP complains (S *T*-1))) , ``) (SBAR that (S (NP-SBJ-2 people) (VP will (VP start (S (NP-SBJ *-2) (VP eating (NP each other)))))))))) . '')) (TOP (S (S (NP-TTL-SBJ `` (NP (NP The Beginning) and (NP the End)) , '' (NP (ADVP easily) (NP the best) (PP of (NP the three))) ,) (VP belongs (PP-CLR to (NP (NP Mr. Mahfouz 's) `` realistic '' period)))) and (S (NP-SBJ it) (VP is (NP-PRD (NP the one) (SBAR (WHPP-1 for (WHNP which)) (S (NP-SBJ he) (VP is (ADJP-PRD most renowned (PP *T*-1)))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-3) (VP Published (NP *-2) (PP-TMP in (NP 1949)))) , (NP-SBJ-3 it) (VP follows (NP (NP the decline) (PP of (NP a Cairo family))) (PP-MNR with (NP (NP the (NX (NX saga-like sweep) and (NX rich detail))) (SBAR (WHNP-1 that) (S (NP-SBJ critics) (ADVP-TMP often) (VP compare (NP *T*-1) (PP-CLR to (NP Dickens , Balzac and Galsworthy)))))))) .)) (TOP (S (NP-SBJ-1 A minor bureaucrat) (VP dies (ADVP-MNR suddenly) , (S-ADV (NP-SBJ *-1) (VP dooming (NP his family) (PP-CLR to (NP (NP poverty) and (NP eventual disgrace)))))) .)) (TOP (S (NP-SBJ His daughter) (VP turns (PP-CLR (PP to (NP dressmaking)) , then (PP to (S-NOM (NP-SBJ *) (VP peddling (NP herself) (PP for (NP a few piasters))))))) .)) (TOP (S (NP-SBJ One son) (VP sacrifices (NP his own career) (SBAR-PRP so that (S (NP-SBJ his avaricious brother) (VP can (VP succeed)))) , (SBAR-ADV while (S (NP-SBJ-1 another) (VP helps (S (NP-SBJ *-1) (VP support (NP the family) (PP-MNR with (NP (NP money) (VP siphoned (NP *) (PP-CLR from (NP crime))))))))))) .)) (TOP (S (NP-SBJ The real tragedy) , (ADVP though) , (VP lies (PP not (PP in (NP (NP the family 's) circumstances)) but (PP in (NP (NP its concern) (PP for (NP appearances)))))) .)) (TOP (S (S-NOM-SBJ-2 (NP-SBJ *) (VP Mourning (PP-CLR for (NP the father)))) (VP is (VP overshadowed (NP *-2) (PP by (NP-LGS (NP the shame) (PP of (S-NOM (NP-SBJ *) (VP burying (NP him) (PP-LOC in (NP (NP a pauper 's) grave))))))))) .)) (TOP (S (NP-SBJ-1 The family) (VP moves (PP-DIR-CLR to (NP another house)) (PP-TMP at (NP night)) (S-PRP (NP-SBJ *-1) (VP to (VP conceal (NP shabby belongings) (PP-CLR from (NP neighbors)))))) .)) (TOP (S And (NP-SBJ the successful son) (VP wishes (S (NP-SBJ his embarrassing siblings) (ADJP-PRD dead))) .)) (TOP (S (PP As (NP (NP a critique) (PP of (NP middle-class mores)))) , (NP-SBJ the story) (VP is (ADJP-PRD heavy-handed)) .)) (TOP (S But (NP-SBJ (NP its unsentimental sketches) (PP of (NP Cairo life))) (VP are (NP-PRD vintage Mahfouz)) .)) (TOP (S (NP-SBJ We) (VP see , smell and hear (NP (NP slums) (VP filled (NP *) (PP-CLR with `` (NP (NP (NP the echoes) (PP of (NP (NP hawkers) (VP advertising (NP their wares))))) (VP interspersed (NP *) (PP-CLR with (NP (NP abusive language) , (NP rattling coughs) and (NP (NP the sound) (PP of (NP (NP people) (VP (VP gathering (NP spittle) (PP-LOC in (NP their throats))) and (VP spewing (PP-DIR into (NP the street))))))))))))))) . '')) (TOP (S And (NP-SBJ we) (VP meet (NP (NP engaging crooks) , (PP such as (NP (NP Hassan) `` (NP the Head) , '' (VP famed (NP *) (PP-CLR for (NP (NP his head-butting fights) , (NP his whoring) and (NP his hashish)))))))) .)) (TOP (S-1 `` ` (S-TPC (NP-SBJ God) (VP has not (ADVP yet) (VP ordained (SBAR that (S (NP-SBJ I) (VP should (VP have (NP earnings)))))))) , ' (NP-SBJ he) (VP tells (NP his worried mother) (S *T*-1)) . '')) (TOP (S (S (NP-SBJ Hassan) (VP comes (PP-CLR to (NP a bad end)))) , but (SINV (ADVP-TPC-1 so) (VP does (ADVP *T*-1)) (NP-SBJ (NP almost everyone else) (PP-LOC in (NP the book)))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the setting) (VP is (ADJP-PRD exotic)))) , (NP-SBJ the prose) (VP is (ADJP-PRD (ADJP closer (PP to (NP (NP Balzac 's) `` Pere Goriot ''))) (SBAR than (S (NP-SBJ it) (VP is (VP *?* (PP to `` (NP Arabian Nights)))))))) . '')) (TOP (S (S (NP-SBJ-1 Mr. Mahfouz) (VP began (S (NP-SBJ *-1) (VP writing)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ there) (VP was (NP-PRD no novelistic tradition) (PP-LOC in (NP Arabic)) (ADVP-TMP *T*-2)))))) , and (S (NP-SBJ he) (VP modeled (NP his work) (PP-CLR on (NP Western classics)))) .)) (TOP (S (S (PP In (NP one sense)) , (NP-SBJ this) (VP limits (NP him))) ; (S (PP unlike (NP (NP a writer) (PP such as (NP (NP Gabriel Garcia Marquez) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP has (NP a distinctive Latin voice)))))))) , (NP-SBJ (NP Mr. Mahfouz 's) style) (VP offers (NP (NP little) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP can (VP be (VP labeled (S (NP-SBJ *-1) (ADJP-PRD `` Egyptian)))))))))) . '')) (TOP (S But (NP-SBJ (NP the familiarity) (PP of (NP his style))) (VP (ADVP also) makes (S (NP-SBJ his work) (ADJP-PRD accessible)) , (SBAR-ADV as (S (NP-SBJ (NP the streets) (PP of (NP Cairo))) (VP come (ADJP-PRD alive) (PP for (NP the Western reader)) (ADVP-MNR as vividly (PP as (NP (NP (NP Dickens 's) London) or (NP (NP Dostoevski 's) St. Petersburg)))))))) .)) (TOP (S (NP-SBJ `` (NP-TTL (NP The Thief) and (NP the Dogs)) , '' (VP written (NP *) (PP-TMP in (NP 1961))) ,) (VP is (NP-PRD (NP a (ADJP taut , psychological) drama) , (ADJP reminiscent (PP of `` (NP-TTL (NP Crime) and (NP Punishment)))))) . '')) (TOP (S (NP-SBJ (NP Its antihero) , (NP Said Mahran) ,) (VP is (NP-PRD (NP an Egyptian Raskolnikov) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP seeks (NP nobility) (PP-LOC in (NP robbing and killing))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP am (NP-PRD (NP (NP the hope) and (NP the dream)) , (NP (NP the redemption) (PP of (NP cowards)))))) , '' (NP-SBJ he) (VP says (S *T*-1) (PP-LOC in (NP (NP one) (PP of (NP many interior monologues))))) .)) (TOP (S (ADVP-TMP Later) , (NP-SBJ he) (VP recalls (NP (NP (NP the words) (PP of (NP his Marxist mentor))) : `` (NP (NP The people) ! (NP Theft) ! (NP The holy fire) !) '')))) (TOP (S (NP-SBJ (NP Said 's) story) (VP reflects (NP (NP the souring) (PP of (NP socialism)) (PP-LOC under (NP (NP Nasser) , (SBAR (WHNP-1 whose dictatorial rule) (S (NP-SBJ *T*-1) (VP replaced (NP (NP the monarchy) (VP overthrown (NP *) (PP-TMP in (NP 1952))))))))))) .)) (TOP (S (PP-TMP By (NP 1961)) , (NP-SBJ (NP Mr. Mahfouz 's) idealism) (VP had (VP (VP vanished) or (VP become (ADJP-PRD twisted)) , (SBAR-ADV as (S (NP-SBJ it) (VP has (VP *?* (PP-LOC in (NP Said)))))))) .)) (TOP (S (NP-SBJ (NP His giddy dream) (PP of (S-NOM (NP-SBJ-2 *) (VP redeeming (NP (NP a life) (PP of (NP `` (ADJP badly aimed) bullets ''))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP punishing (NP (NP the `` real robbers '') -- (NP (NP the rich `` dogs '') (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP prey (PP-CLR on (NP the poor)))))) --)))))))) (VP leads (PP-DIR-CLR (PP (ADVP only) to (NP (NP the death) (PP of (NP innocents)))) , and (PP (ADVP-TMP eventually) to (NP his own)))) .)) (TOP (S (NP-SBJ (NP Cairo 's) spirited squalor) (ADVP also) (VP has (VP gone (ADJP-PRD gray))) .)) (TOP (S (S (ADVP-LOC Here) , (NP-SBJ the city) (VP is (ADJP-PRD (ADJP dark) and (ADJP laden (PP with (NP symbolism)))))) : (S (NP-SBJ-1 Said) (VP has (VP left (NP his jail cell) (S-SBJ (ADVP only) (NP-SBJ *-1) (VP to (VP enter (NP (NP the larger prison) (PP of (NP Cairo society))))))))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ the theme) (VP is (ADJP-PRD compelling)))) , (NP-SBJ the plot and characters) (VP are not (ADJP-PRD *?*)) .)) (TOP (S (NP-SBJ We) (ADVP-TMP never) (VP care (PP-CLR about (NP (NP Said) or (NP (NP the `` hypocrites '') (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP hunts (NP *T*-1)))))))) .)) (TOP (S (S (NP-TTL-SBJ `` (NP The Thief) and (NP the Dogs) '') (VP is (NP-PRD (NP a pioneering work) , (NP (NP the first stream-of-consciousness novel) (PP in (NP Arabic))) ,))) but (S (NP-SBJ-1 it) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP disappoint (NP Western readers))))))) .)) (TOP (S (NP-SBJ (NP The 1981 novel) (NP-TTL `` Wedding Song '')) (ADVP also) (VP is (UCP-PRD (ADJP experimental) , and (NP another (ADJP badly aimed) bullet))) .)) (TOP (S (NP-SBJ (NP The story) (PP of (NP (NP a playwright 's) stage debut))) (VP unfolds (PP-LOC in (NP first-person monologues)) , (PP-MNR in (NP (NP the manner) (PP of (NP (NP Faulkner 's) (NP-TTL `` (NP The Sound) and (NP the Fury))))))) . '')) (TOP (S But (NP-SBJ the device) (VP obscures (ADJP (ADJP more) (SBAR than (S (NP-SBJ it) (VP illuminates))))) .)) (TOP (SINV (VP-TPC-1 Buried (PP-LOC in (NP the work))) (VP is (VP *T*-1)) (NP-SBJ (NP a meditation) (PP (PP on (NP (NP the morality) (PP of (NP art)))) , and (PP on (NP (NP the struggle) (PP for (NP integrity)) (PP-LOC in (NP an unfair world)))))) .)) (TOP (S But (ADVP again) , (NP-SBJ-1 the themes) (VP get (VP tangled (NP *-1) (PP-LOC in (NP (NP Mr. Mahfouz 's) elliptical storytelling)))) .)) (TOP (S (NP-SBJ (NP The indirectness) (PP of (NP his later work))) (VP reflects (NP both (NP (NP an appetite) (PP for (NP new genres))) and (NP (NP the hazards) (PP of (NP (NP art) (PP-LOC in (NP the Arab world))))))) .)) (TOP (S (NP-SBJ-1 Mr. Mahfouz) (VP has (VP been (VP pilloried and censored (NP *-1) (PP-PRP for (S-NOM (NP-SBJ *-1) (VP (VP questioning (NP Islam)) and (VP advocating (NP (NP peace) (PP with (NP Israel)))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Veiling (NP his message))) (VP has (VP helped (S (NP-SBJ him) (VP endure)))) .)) (TOP (S-1 (NP-SBJ Art) , (PRN (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ the playwright) (PP-LOC in (NP-TTL `` Wedding Song , '')))) (VP is (NP-PRD (NP `` the surrogate) (PP for (NP (NP the action) (SBAR (WHNP-2 that) (S (NP-SBJ-3 (NP an idealist) (PP like (NP me))) (VP is (ADJP-PRD unable (S (NP-SBJ *-3) (VP to (VP take (NP *T*-2)))))))))))) . '')) (TOP (S (NP-TTL-SBJ `` Wedding Song '') (VP gives (NP (NP glimpses) (PP of (NP (NP a Cairo) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP become (ADJP-PRD so much harsher) (PP-TMP since (NP (NP his youth) , (SBAR (WHADVP-4 when) (S-2 (PRN , (SBAR-ADV as (S (NP-SBJ he) (ADVP-TMP once) (VP said (S *T*-2)))) ,) `` (NP-SBJ-3 the poorest person) (VP was (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP find (NP his daily bread) (FRAG and (PP-MNR without (NP great difficulty))))))) (ADVP-TMP *T*-4)))))))))))))) . '')) (TOP (S (S (NP-SBJ (NP The clutter) (PP of (NP the 1940s))) (VP remains)) , but (S (S (NP-SBJ its color) (VP has (VP drained (ADVP-LOC away)))) , and (S (NP-SBJ-1 the will (S (NP-SBJ *) (VP to (VP overcome)))) (VP has (VP been (VP defeated (NP *-1)))))) .)) (TOP (S (NP-SBJ Cars) (VP ca n't (VP move (PP-PRP because of (NP overflowing sewers)))) .)) (TOP (S (NP-SBJ Characters) (VP complain (ADVP-MNR ceaselessly) (PP-CLR about (NP (NP food queues) , (NP prices) and (NP corruption)))) .)) (TOP (S And (NP-SBJ the ubiquitous opium addict) (VP is (ADVP-TMP now) (NP-PRD (NP a cynical and selfish man) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP gripes : (S `` (NP-SBJ Only government ministers) (VP can (VP afford (NP it) (NP-TMP these days))))))))) ! '')) (TOP (S (S (NP-SBJ *-1) (VP Having (VP lost (NP (NP their faith) (PP (PP in (NP God)) , (PP in (NP social reform)) and (PP in (NP opium))))))) , (NP-SBJ-1 Cairenes) (VP are (VP left (NP *-1) (PP-CLR with (NP (NP nothing) but (NP (NP their sense) (PP of (NP humor))))))) .)) (TOP (S (NP-SBJ Mr. Horwitz) (VP is (NP-PRD (NP a Journal staff reporter) (VP covering (NP the Middle East)))) .)) (TOP (S (NP-SBJ (NP Norwood Partners Limited Partnership) (PP of (NP Boston))) (VP said (SBAR 0 (S (NP-SBJ it) (VP may (VP make (NP (NP a tender offer) (PP for (NP (NP some or all) (PP of (NP (NP Phoenix Technologies Ltd. 's) common shares)))))))))) .)) (TOP (S (NP-SBJ (NP (ADJP Norwood , Mass.-based) Phoenix) , (NP (NP a once-high-flying maker) (PP of (NP (NP software) (PP for (NP personal computers))))) ,) (VP has (VP had (NP substantial losses) (PP-TMP in (NP the past two quarters)))) .)) (TOP (S (NP-SBJ (NP Its stock) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD as high (PP as (NP (NP $ 18.75 *U*) (NP-ADV a share))))))) ,) (VP has (VP been (VP trading (PP-LOC-CLR under (NP (NP $ 4 *U*) (NP-ADV a share))) (ADVP-TMP recently)))) .)) (TOP (S (NP-TMP Yesterday) (NP-SBJ it) (VP closed (PP-CLR at (NP (NP $ 4.375 *U*) (NP-ADV a share))) , (ADVP-CLR up (NP $ 1.125 *U*)) , (PP-LOC in (NP national over-the-counter trading))) .)) (TOP (S (PP-LOC In (NP a Securities and Exchange Commission filing)) , (NP-SBJ Norwood) (VP said (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD (NP part) (PP of (NP (NP a group) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP holds (NP (NP 525,546 Phoenix Technologies common shares) , or (NP a (ADJP 5.3 %) stake)))))))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ Norwood) (VP has (VP made `` (NP no detailed plans)))) , '' but (S (NP-SBJ it) (VP has (VP engaged (PP-CLR in (NP (NP talks) (PP with (NP other shareholders)))))))) , (NP-SBJ the filing) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 Phoenix) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ-1 Norwood) (VP is (VP controlled (NP *-1) (PP by (NP-LGS (NP (NP Daniel L. Barnett) and (NP Paul A. Reese)) , (NP (NP both) (NP (NP officers) (PP of (NP (NP Boston-based Oasis Capital Management Inc.) , (NP a small Boston money management firm))))))))) .)) (TOP (SINV (ADJP-PRD-TPC-3 (ADVP Also) involved (PP in (NP the group))) (VP is (ADJP-PRD *T*-3)) (NP-SBJ (NP Robert F. Angelo) , (NP (ADVP-TMP formerly) (NP (NP (NP Phoenix 's) senior vice president) , (NP field operations) ,)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP left (NP Phoenix) (PP-TMP at (NP (NP the beginning) (PP of (NP October)))))))) .)) (TOP (S (NP-SBJ-1 Mr. Angelo) (VP was (VP described (NP *-1) (PP-LOC in (NP the filing)) (PP-CLR as (NP (NP a consultant) (PP to (NP Oasis)))))) .)) (TOP (S (NP-SBJ Weirton Steel Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP reached (NP (NP (NP a tentative agreement) (PP on (NP a 48-month labor contract)) (PP with (NP the Independent Steelworkers Union))) (VP covering (NP production and maintenance employees))))))) .)) (TOP (S (NP-SBJ (NP The agreement) , (ADJP subject (PP to (NP (NP approval) (PP of (NP union members))))) ,) (VP would (VP cover (NP (QP about 6,000) workers))) .)) (TOP (S (NP-SBJ The tentative agreement) (VP provides (PP-CLR (PP for (NP (NP (NP wage increases) (PP of (NP (NP 85 cents) (NP-ADV an hour)))) (ADJP retroactive (PP to (NP Sept. 25 , 1989 ,))))) and (PP for (NP (NP (NP increases) (PP of (NP (NP (NP 19 cents) , (NP 70 cents) and (NP 35 cents)) (NP-ADV an hour)))) (ADJP effective (NP-TMP (NP Jan. 1 , 1991 , 1992 and 1993) , (ADJP respectively))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP provides (PP-CLR for (NP (NP (NP benefit adjustments) , (PP including (NP (NP a partial restoration) (PP of (NP vacations and holidays)))) ,) (CONJP as well as) (NP work-rule changes (S (NP-SBJ *) (VP to (VP increase (NP productivity)))))))) .)) (TOP (S (NP-SBJ (NP Ground zero) (PP of (NP the HUD scandal))) (VP is (NP-PRD (NP (NP the Secretary 's) `` discretionary fund , '') (NP (NP a honey pot) (VP used (NP *) (S-CLR (NP-SBJ *) (VP to (VP fund (NP (NP projects) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP were n't (VP approved (PP-MNR through (NP normal HUD channels)))))))))))))) .)) (TOP (S (NP-SBJ-1 Jack Kemp) (VP wants (S (NP-SBJ *-1) (VP to (VP abolish (NP it))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ (NP (NP Congress 's) idea) (PP of (NP reform))) (VP is (S-PRD (NP-SBJ *) (VP to (VP increase (NP this slush fund) (PP-EXT by (NP (QP $ 28.4 million) *U*)))))) .)) (TOP (FRAG And (VP transfer (NP (NP control) (PP of (NP (NP much) (PP of (NP it))))) (PP-CLR to (NP Capitol Hill))) .)) (TOP (S (NP-SBJ The HUD scandals) (VP will (ADVP simply) (VP continue , (FRAG but (PP-LOC under (NP new mismanagement))))) .)) (TOP (S (PP-TMP After (NP (NP one) (PP of (NP (NP the (ADJP most amazing) debates) (SBAR (WHNP-2 0) (S (NP-SBJ we) (VP 've (ADVP-TMP ever) (VP seen (NP *T*-2) (PP-LOC on (NP (NP the cable channel) (NP C-SPAN))))))))))) , (NP-SBJ-3 the House) (VP voted (ADVP 250 to 170) (PP-TMP on (NP Wednesday)) (S (NP-SBJ *-3) (VP to (VP order (NP (NP (QP $ 28.4 million) *U*) (PP in (NP (NP spending) (PP for (NP (NP a New Jersey arts center) , (NP a Michigan library) and (NP 38 other pet projects))))) (PP out (PP of (NP (NP the same discretionary fund) (SBAR (WHNP-1 that) (S (NP-SBJ-4 *T*-1) (VP was (VP supposed (S (NP-SBJ-5 *-4) (VP to (VP have (VP been (VP (ADVP-MNR so) abused (NP *-5) (PP-TMP during (NP (NP Sam Pierce 's) tenure))))))))))))))))))) .)) (TOP (S (S (NP-SBJ HUD) (VP has (NP (NP no paper work whatsoever) (PP on (NP (NP 30) (PP of (NP the projects))))))) , (S (NP-SBJ-1 (NP none) (PP of (NP the others))) (VP has (VP been (VP approved (NP *-1))))) and (S (NP-SBJ-2 (NP not a single congressional hearing) (PP *ICH*-3)) (VP has (VP been (VP held (NP *-2) (PP-3 on (NP (NP any) (PP of (NP them)))))))) .)) (TOP (S (ADVP However) , (NP-SBJ four) (VP are (PP-LOC-PRD in (NP (NP the Michigan district) (PP of (NP (NP Rep. Bob Traxler) , (NP (NP the chairman) (PP of (NP (NP the House subcommittee) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP writes (NP the HUD spending bill)))))))))))) .)) (TOP (S (PP Of (NP course)) , (NP-SBJ-1 (NP this kind) (PP of (NP blatant congressional pork-barreling))) (VP is (VP called (S (NP-SBJ *-1) (NP-PRD `` constituent service '')) (PP by (NP-LGS Members)) , (SBAR-ADV while (S (NP-SBJ-2 (NP the same kind) (PP of (NP (NP noncompetitive favoritism) (PP-LOC at (NP HUD))))) (VP is (VP labeled (S (NP-SBJ *-2) `` (NP-PRD influence peddling)))))))) . '')) (TOP (S (PP Unlike (NP those awful Republican consultants)) , (NP-SBJ Members) (VP do n't (VP profit (ADVP-MNR directly) (PP-CLR from (NP HUD projects)))) .)) (TOP (S (NP-SBJ They) (VP (ADVP merely) collect (NP campaign contributions) (PP-CLR from (NP (NP developers) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP help (S (NP-SBJ *-2) (VP keep (S (NP-SBJ them) (PP-LOC-PRD in (NP office))))))))))) .)) (TOP (S (NP-SBJ-1 The 40 pet projects) (VP were (VP discovered (S (NP-SBJ-5 *-1) (VP buried (NP *-5) (PP-LOC in (NP (NP the appropriations bill) (PP for (NP (NP HUD) and (NP some other agencies))))))) (SBAR-TMP after (S (NP-SBJ it) (VP returned (PP-DIR-CLR from (NP (NP a conference committee) (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP was (VP called (NP *-4) (S-PRP (NP-SBJ *) (VP to (VP resolve (NP (NP differences) (PP between (NP the House and Senate versions))))))))))))))))) .)) (TOP (S (NP-SBJ Conference committees) (VP are (NP-PRD (NP breeding grounds) (PP for (NP mischief)))) .)) (TOP (S (S (NP-SBJ-2 They) (VP are (ADVP-TMP often) (VP closed (NP *-2) (PP-CLR to (NP the public))))) and (S (NP-SBJ-1 no minutes) (VP are (VP taken (NP *-1)))) .)) (TOP (S (NP-SBJ Members) (VP find (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD easy) (S-1 (NP-SBJ *) (VP to (VP doctor (NP legislation) (PP-MNR by (S-NOM (NP-SBJ *) (VP slipping (PRT in) (NP (NP special provisions) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP could (ADVP-TMP never) (VP survive (PP-LOC in (NP (NP the cold light) (PP of (NP day))))))))))))))))) .)) (TOP (S (PP-LOC In (NP this case)) , (NP-SBJ the Members) (VP outdid (NP themselves)) .)) (TOP (S (NP-SBJ They) (VP (VP transferred (NP (NP (QP some $ 28 million) *U*) (PP from (NP the Community Development Block Grant program)) (VP designated (NP *) (ADVP-EXT largely) (PP for (NP low - and moderate-income projects))))) and (VP funneled (NP it) (PP-DIR-CLR into (NP (NP such items) (PP as : (NP -- (NP (NP (QP $ 1.2 million) *U*) (PP for (NP (NP a performing-arts center) (PP-LOC in (NP Newark))))) , -- (NP (NP (QP $ 1.3 million) *U*) (PP for (NP (NP `` job retention '') (PP-LOC in (NP Hawaiian sugar mills))))) . (NP -- (NP $ 400,000 *U*) (PP for (NP (NP a collapsing utility tunnel) (PP-LOC in (NP Salisbury))))) , -- (NP (NP $ 500,000 *U*) (PP for `` (NP (NP equipment and landscaping) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP (VP deter (NP crime)) and (VP aid (NP police surveillance)) '' (PP-LOC at (NP a Michigan park))))))))) . -- (NP (NP (NP $ 450,000 *U*) (PP for `` (NP (NP integrated urban data) (VP based (NP *) (PP-LOC in (NP seven cities)))) . '')) (PRN (NP No other details))) . -- (NP (NP $ 390,000 *U*) (PP for (NP (NP a (NX (NX library) and (NX recreation center))) (PP-LOC at (NP (NP Mackinac Island) , (NP Mich)))))))))))) .)) (TOP (S (NP-SBJ Rep. Traxler) (ADVP-TMP recently) (VP purchased (NP (NP an unimproved building lot) (PP-LOC on (NP the island)))) .)) (TOP (S (NP-SBJ-1 This) (VP is (VP (ADVP-MNR slightly) adapted (NP *-1) (PP-CLR from (NP (NP remarks) (NP-TMP Oct. 7) (PP by (NP former (NAC Secretary (PP of (NP State))) George P. Shultz)) (PP to (NP (NP an alumni gathering) (PP-LOC at (NP (NP the Stanford Business School) , (SBAR (WHADVP-2 where) (S (NP-SBJ he) (VP has (VP returned (PP-DIR to (NP the faculty)) (ADVP-LOC *T*-2))))))))))))) :)) (TOP (S (NP-SBJ-1 I) (VP was (VP struck (NP *-1) (ADVP-TMP (NP (NP a couple) (PP of (NP years))) ago) (PP by (NP-LGS (NP the drug-interdiction effort) (PP-LOC in (NP the Bahamas)))))) .)) (TOP (S (NP-SBJ We) (VP had (VP intercepted (PP-TMP during (NP the year)) (NP (NP an estimated (QP $ 5 billion) *U*) (NP-ADV street value) (PP of (NP cocaine))))) .)) (TOP (S (NP-SBJ I) (VP do n't (VP know (SBAR (WHNP-1 how much) (S (NP-SBJ *T*-1) (VP got (ADVP through)))))) .)) (TOP (S (NP-SBJ Nobody) (VP has (NP any credible estimate)) .)) (TOP (S (NP-SBJ (NP The GNP) (PP of (NP the Bahamas))) (VP is (ADVP probably) (NP-PRD (QP somewhere between one and two billion) dollars)) .)) (TOP (S (ADVP So) (NP-SBJ you) (VP get (NP (NP an idea) (PP of (NP (NP the leverage) (ADVP-LOC there and elsewhere) (SBAR (WHNP-1 that) (S (NP-SBJ (NP our market) (PP for (NP drugs))) (VP has (VP brought (PP about (NP *T*-1)))))))))) .)) (TOP (S (NP-SBJ I) (VP welcome (NP (NP the emphasis) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP is (ADVP-TMP now) (VP being (VP put (NP *-1) (PP-PUT on (NP the drug problem))))))))) .)) (TOP (S-5 (NP-SBJ (NP The efforts (S (S (NP-SBJ-1 *) (VP to (VP (VP get (PP-CLR to (NP (NP the people) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP are (ADJP-PRD addicted))))))) , (VP try (S (NP-SBJ *-1) (VP to (VP rehabilitate (NP them)))))))) ; (S (SBAR-ADV if (S (NP-SBJ-2 they) (VP can not (VP be (VP rehabilitated (NP *-2)))))) , (PP at least) (NP-SBJ *) (VP to (VP contain (NP them)))) ; (S (NP-SBJ *) (VP to (VP educate (NP people)))) , (S (NP-SBJ *) (VP to (VP (ADVP-MNR strongly) discourage (NP (NP use) (PP of (NP drugs)) (PP by (NP (NP people) (SBAR (WHNP-4 who) (S (NP-SBJ *T*-4) (VP are (NP-PRD (NP casual users) and (NP first users))))))))))) , (S (NP-SBJ *) (VP to (VP stop (NP this process) (PP-LOC among (NP the young))))))) -- (NP (NP all) (PP of (NP these things)))) (PRN (S (NP-SBJ I) (VP think (SBAR 0 (S *T*-5))))) (VP are (ADJP-PRD extremely important)) .)) (TOP (S But , (NP-SBJ-2 I) (VP have (S (NP-SBJ *-2) (VP to (VP tell (NP you) (SBAR that (S (NP-SBJ it) (VP seems (PP to (NP me)) (SBAR that (S (S (NP-SBJ (NP the conceptual base) (PP of (NP the current program))) (VP is (ADJP-PRD flawed))) and (S (NP-SBJ-1 the program) (VP is not (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP work))))))))))))))) .)) (TOP (S (NP-SBJ (NP The conceptual base) -- (NP a criminal-justice approach) --) (VP is (NP-PRD (NP the same) (SBAR (WHNP-1 that) (S (NP-SBJ I) (VP have (VP worked (PP through (NP *T*-1)) (ADVP-TMP before) , (PP-LOC in (NP (NP the Nixon administration) (SBAR (WHADVP-2 when) (S (NP-SBJ I) (VP was (NP-PRD (NP (NP budget director) and (NP (NP secretary) (PP of (NP the treasury)))) (PP with (NP (NP jurisdiction) (PP over (NP the Customs))))) (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (S (NP-SBJ We) (VP designed (NP a comprehensive program))) , and (S (NP-SBJ we) (VP worked (ADVP-MNR hard) (PP-CLR on (NP it)))) .)) (TOP (S (S (PP-LOC In (NP the Reagan administration)) (NP-SBJ we) (VP designed (NP a comprehensive program))) ; (S (NP-SBJ we) (VP worked (ADVP-MNR very hard) (PP-CLR on (NP it)))) .)) (TOP (S (NP-SBJ Our international efforts) (VP were (ADJP-PRD far greater (PP than (ADVP-TMP ever before)))) .)) (TOP (S (S (NP-SBJ You) (VP 're (VP looking (PP-CLR at (NP (NP a guy) (SBAR (WHNP-2 whose motorcade) (S (NP-SBJ-1 *T*-2) (VP was (VP attacked (NP *-1) (PP-LOC in (NP Bolivia)) (PP by (NP-LGS the drug terrorists))))))))))) , so (S (NP-SBJ I) (VP 'm (ADVP personally) (NP-PRD (NP a veteran) (PP of (NP this war))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ we) (VP have (NP *T*-1) (PP-LOC before (NP us)) (ADVP-TMP now)))) (VP is (NP-PRD (NP essentially the same program) (FRAG but (PP with (NP (NP more resources) (VP plowed (NP *) (PP-CLR into (NP (NP all) (PP of (NP the efforts (S (NP-SBJ *) (VP to (VP enforce and control))))))))))))) .)) (TOP (S (NP-SBJ-1 These efforts) (VP wind (PRT up) (S (NP-SBJ *-1) (VP creating (NP (NP a market) (SBAR (WHADVP-2 where) (S (NP-SBJ the price) (VP (ADVP vastly) exceeds (NP the cost) (ADVP-LOC *T*-2)))))))) .)) (TOP (S (PP With (NP these incentives)) , (NP-SBJ demand) (VP creates (NP (NP its own supply) and (NP (NP a criminal network) (PP along (PP with (NP it)))))) .)) (TOP (S (NP-SBJ It) (VP seems (PP to (NP me)) (SBAR 0 (S (NP-SBJ-1 we) (VP 're not (VP (ADVP really) going (S (NP-SBJ *-1) (VP to (VP get (ADVP-LOC anywhere) (SBAR-TMP until (S (NP-SBJ we) (VP can (VP (VP take (NP-2 the criminality) (PP-CLR-3 out (PP of (NP the drug business)))) and (VP (NP=2 (NP the incentives) (PP for (NP criminality))) (PP-CLR=3 out (PP of (NP it)))))))))))))))) .)) (TOP (S (ADVP Frankly) , (NP-SBJ (NP the only way) (SBAR (WHNP-3 0) (S (NP-SBJ I) (VP can (VP think (PP-CLR of (NP *T*-3)))))) (SBAR (WHADVP-4 0) (S (NP-SBJ *) (VP to (VP accomplish (NP this) (ADVP-MNR *T*-4)))))) (VP is (S-PRD (NP-SBJ *) (VP to (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD possible) (SBAR-1 for (S (NP-SBJ addicts) (VP to (VP buy (NP drugs) (PP-LOC at (NP some regulated place)) (PP-CLR at (NP (NP a price) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP approximates (NP their cost))))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ you) (VP do (NP that) (ADVP-TMP *T*-2)))) (NP-SBJ you) (VP wipe (PRT out) (NP (NP the criminal incentives) , (PP including (PRN , (S (NP-SBJ I) (VP might (VP say ))) ,) (NP (NP the incentive (S *ICH*-3)) (SBAR (WHNP-1 that) (S (NP-SBJ the drug pushers) (VP have (NP *T*-1)))) (S-3 (NP-SBJ *) (VP to (VP (VP go (PRT around)) and (VP get (S (NP-SBJ kids) (ADJP-PRD addicted))) , (SBAR-PRP so that (S (NP-SBJ they) (VP create (NP a market) (PP-BNF for (NP themselves)))))))))))) .)) (TOP (S (NP-SBJ They) (VP wo n't (VP have (NP that incentive) (SBAR-PRP because (S (NP-SBJ they) (VP wo n't (VP have (NP that market))))))) .)) (TOP (S (ADVP So) (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-2 the conceptual base) (VP needs (S (NP-SBJ-1 *-2) (VP to (VP be (VP thought (NP *-1) (PRT out) (PP-MNR in (NP a different way)))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ I) (VP am (VP catching (NP your attention))))) , (ADVP then) (NP-SBJ *) (VP read (NP (NP a bold and informative article) (PP-LOC in (NP (NP (NP this September 's) issue) (PP of (NP Science)))) (PP by (NP Ethan Nadelmann)) (PP on (NP this subject)))) .)) (TOP (S (NP-SBJ-1 We) (VP need (PP at least) (S (NP-SBJ *-1) (VP to (VP consider and examine (NP (NP forms) (PP of (NP (NP controlled legalization) (PP of (NP drugs))))))))) .)) (TOP (S (NP-SBJ I) (VP find (S (NP-SBJ (NP it) (S *EXP*-2)) (ADJP-PRD very difficult) (S-2 (NP-SBJ *) (VP to (VP say (NP that)))))) .)) (TOP (S (ADVP-TMP Sometimes) (PP-LOC at (NP a reception or cocktail party)) (S (NP-SBJ I) (VP advance (NP these views))) and (S (NP-SBJ people) (VP head (PP-CLR for (NP (NP somebody) else)))) .)) (TOP (S (NP-SBJ-1 They) (VP do n't (ADVP even) (VP want (S (NP-SBJ *-1) (VP to (VP talk (PP-CLR to (NP you))))))) .)) (TOP (S (NP-SBJ I) (VP know (SBAR that (S (NP-SBJ I) (VP 'm (VP shouting (PP-DIR into (NP the breeze)) (ADVP-LOC here) (ADVP as far (PP as (SBAR-NOM (WHNP-1 what) (S (NP-SBJ we) (VP 're (VP doing (NP *T*-1) (ADVP-TMP now)))))))))))) .)) (TOP (S But (NP-SBJ I) (VP feel (SBAR that (S (SBAR-ADV if (S (NP-SBJ-1 somebody) (VP does n't (VP (VP get (ADVP up)) and (VP start (S (NP-SBJ *-1) (VP talking (PP-CLR about (NP this))))) (ADVP-TMP now))))) , (NP-TMP (NP the next time around) , (SBAR (WHADVP-2 when) (S (NP-SBJ we) (VP have (NP (NP the next iteration) (PP of (NP these programs))) (ADVP-TMP *T*-2)))) ,) (NP-SBJ (NP it) (SBAR *EXP*-3)) (VP will (ADVP still) (VP be (ADJP-PRD true) (SBAR-3 that (S (NP-SBJ-4 everyone) (VP is (ADJP-PRD scared (S (NP-SBJ *-4) (VP to (VP talk (PP-CLR about (NP it)))))))))))))) .)) (TOP (S (NP-SBJ-2 No politician) (VP wants (S (NP-SBJ *-2) (VP to (VP say (SBAR-NOM (WHNP-1 what) (S (NP-SBJ I) (VP (ADVP just) (VP said (NP *T*-1)))))))) , (PP-TMP not for (NP a minute))) .)) (TOP (S (S-TPC-2 (NP-SBJ The U.S. economy) (VP grew (PP-CLR at (NP (NP a moderate (ADJP 2.5 %) annual rate) (NP *ICH*-1))) (PP-TMP in (NP the third quarter)) , (NP-1 (NP the same pace) (PP as (NP the second quarter))) , (PP despite (NP (NP the worst trade performance) (PP-TMP in (NP six years)))))) , (NP-SBJ the Commerce Department) (VP reported (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Personal spending) , (VP buoyed (NP *) (PP by (NP-LGS (NP a burst) (PP of (NP automobile buying))))) ,) (VP was (NP-PRD (NP the main catalyst) (PP to (NP (NP the economy 's) expansion)))) .)) (TOP (S But (NP-SBJ (NP trade) , (NP (NP one) (PP of (NP (NP (NP the economy 's) main forces) (PP-TMP in (NP the past few years))))) ,) (VP showed (NP a sharp deterioration)) .)) (TOP (S (NP-SBJ (NP Imports) (PP of (NP goods and services))) (VP soared , (SBAR-ADV while (S (NP-SBJ exports) (VP were (ADJP-PRD flat))))) .)) (TOP (S (NP-SBJ Some economists) (VP found (S (NP-SBJ the mixture) (ADJP-PRD ominous))) .)) (TOP (S `` (PP-TMP For (NP the past two years)) , (NP-SBJ the foreign trade sector) (VP has (VP been (NP-PRD (NP a major contributor) (PP to (NP economic growth))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ You) (VP ca n't (VP rely (ADVP-TMP now) (PP-CLR (ADVP solely) on (NP-2 consumer spending)) (S-CLR (NP-SBJ *-2) (VP to (VP sustain (NP the economy) (PP-LOC on (NP a solid growth path)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Norman Robertson) , (NP (NP chief economist) (PP-LOC at (NP (NP Mellon Bank) (PP-LOC in (NP Pittsburgh)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the economy) (VP showed (NP (NP no change) (PP of (NP pace)) (PP from (NP the second quarter)))))) , (NP-SBJ many analysts) (VP expect (S (NP-SBJ it) (VP to (VP slow (ADVP-EXT considerably) (PP-TMP in (NP the fourth quarter)) (SBAR-ADV as (S (NP-SBJ (NP demand) (PP for (NP autos))) (VP falls , (PP-PRP (ADVP partly) because of (NP (NP higher prices) (PP on (NP (NP models) (VP introduced (NP *) (NP-TMP last month))))))))))))) .)) (TOP (S (NP-SBJ Many economists) (VP think (SBAR 0 (S (NP-SBJ (NP the rise) (PP in (NP (NP the value) (PP of (NP the U.S. dollar)))) (NP-TMP this year)) (VP will (VP (ADVP further) crimp (NP (NP progress) (PP-LOC in (NP trade))) , (SBAR-PRP because (S (NP-SBJ it) (VP makes (S (S (NP-SBJ exports) (ADJP-PRD more expensive)) and (S (NP-SBJ imports) (ADJP-PRD cheaper))))))))))) .)) (TOP (S And (NP-SBJ-2 (NP business investment) -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP slowed (PP-TMP in (NP the third quarter)) , (PP according (PP to (NP (NP yesterday 's) report)))))) --) (VP is (VP expected (S (NP-SBJ-3 *-2) (VP to (VP continue (S (NP-SBJ *-3) (VP to (VP be (ADJP-PRD sluggish))))))))) .)) (TOP (S (NP-SBJ (NP A sharp reduction) (PP in (NP inflation))) (VP was (ADVP-EXT by far) (NP-PRD (NP the brightest spot) (PP-LOC in (NP (NP the report) (PP on (NP (NP the real gross national product) -- (NP (NP the inflation-adjusted market value) (PP of (NP (NP all the goods and services) (SBAR (WHNP-1 0) (S (NP-SBJ the economy) (VP produced (NP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ (NP An inflation gauge) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP measures (NP (NP the quarterly change) (PP in (NP (NP prices) (PP of (NP (NP an array) (PP of (NP goods and services))))))))))) (VP slowed (NP its growth) (PP-DIR to (NP a (ADJP 2.9 %) annual rate) (PP-TMP in (NP the third quarter))) (PP-DIR from (NP 5 %) (PP-TMP in (NP the second)))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Much) (PP of (NP the moderation))) (VP came (PP-CLR from (NP (NP declining energy prices) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (ADVP-TMP since) (VP turned (PRT up) (NP-EXT a bit))))))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (ADVP Consequently) , (NP-SBJ (NP Michael Darby) , (NP (NP undersecretary) (PP for (NP economic affairs)) (PP-LOC at (NP the Commerce Department))) ,) (VP said (SBAR 0 (S (NP-SBJ inflation) (ADVP probably) (VP will (VP edge (ADVP up) (PP-DIR from (NP the third-quarter rate)) (PP-LOC in (NP (NP the final three months) (PP of (NP 1989))))))))) .)) (TOP (S But (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ-1 (NP the second quarter 's) 5 % rate) `` (VP will (VP prove (S (NP-SBJ *-1) (VP to (VP have (VP been (NP-PRD (NP this year 's) peak quarterly inflation rate))))))))))))) . '')) (TOP (S (ADVP Generally) , (NP-SBJ the Bush administration) (VP expressed (NP (NP satisfaction) (PP with (NP (NP the economy 's) progress))) (SBAR-ADV as (S (NP-SBJ it) (VP heads (PP-CLR into (NP (NP its eighth year) (PP of (NP sustained growth)))) (PP-TMP next (NP month)))))) .)) (TOP (S (NP-SBJ Treasury Secretary Nicholas Brady) (VP called (S (NP-SBJ the 2.5 % pace) (NP-PRD `` (ADJP good , solid) growth)) , '' (SBAR-ADV although (S (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ the expansion) (VP to (VP slow (PP-TMP in (NP the fourth quarter)))))))))))) .)) (TOP (S (NP-SBJ He) (VP added : `` (S (S (NP-SBJ Inflation) (VP is (ADJP-PRD (ADJP lower) (SBAR than (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ people) (VP expected (S (NP-SBJ it) (VP to (VP be (ADJP-PRD *?*))))))))))))) , and (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ that) (VP 's (NP-PRD good news)))))))) . '')) (TOP (S But (NP-SBJ administration officials) (VP were (ADJP-PRD concerned (PP over (NP (NP the bleak trade report) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP showed (S (NP-SBJ (NP the deficit) (PP-LOC in (NP (NP (NP the country 's) trade) (PP of (NP goods and services))))) (VP swelling (PP-DIR to (NP a (ADJP (QP $ 74 billion) *U*) annual rate) (PP-TMP in (NP the third quarter))) (PP-DIR from (NP a (ADJP (QP $ 51 billion) *U*) rate) (PP-TMP in (NP the second quarter)))))))))))) .)) (TOP (S (NP-SBJ Mr. Darby) (VP (VP called (S (NP-SBJ it) (NP-PRD a `` disappointment ''))) but (VP predicted (SBAR 0 (S (NP-SBJ exports) (VP will (VP pick (ADVP up) (ADVP-TMP again))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP were (ADJP-PRD unprepared (PP for (NP (NP the deterioration) (PP-LOC in (NP net exports))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Daniel Van Dyke) , (NP (NP vice president) (PP of (NP U.S. forecasting)) (PP-LOC at (NP (NP (NP Bank) (PP of (NP America))) (PP-LOC in (NP San Francisco)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP ca n't (VP believe (SBAR 0 (S (NP-SBJ it) (VP will (VP continue))))))) , '' (NP-SBJ-2 he) (VP added (S *T*-1) , (S (NP-SBJ *-2) (VP noting (SBAR that (S (S (NP-SBJ (NP the economies) (PP of (NP (NP the country 's) major trading partners))) (VP are (ADJP-PRD strong))) and (S (NP-SBJ (NP prices) (PP of (NP U.S. products))) (VP are (ADVP still) (ADJP-PRD competitive)))))))) .)) (TOP (S (NP-SBJ-1 Some analysts) (ADVP also) (VP were (VP disturbed (NP *-1) (PP by (NP-LGS (NP a pickup) (PP-LOC in (NP (NP the growth) (PP of (NP business inventories)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP a buildup) (PP of (NP these stocks))) (VP adds (PP-CLR to (NP GNP))))) , (NP-SBJ it) (VP can (VP hurt (NP the economy) (SBAR-PRP because (S (NP-SBJ (NP a pileup) (PP of (NP unsold goods))) (VP can (VP lead (PP-CLR to (NP (NP production cuts) and (NP layoffs))))))))) .)) (TOP (S (PP According (PP to (NP the report))) , (NP-SBJ (NP inventories) (PP-LOC outside (NP the farm sector))) (VP grew (PP-CLR at (NP (NP an annual rate) (PP of (NP (QP $ 24.6 billion) *U*)))) (PP-TMP in (NP the third quarter)) , (ADVP-CLR up (PP from (NP a (ADJP (QP $ 19.5 billion) *U*) pace) (PP-TMP in (NP the second quarter))))) .)) (TOP (S (NP-SBJ (NP Manufacturers ') stocks) (VP fattened (PP-CLR at (NP an (ADJP (QP $ 18.4 billion) *U*) annual rate)) , (ADVP-CLR up (PP from (NP (QP $ 8.3 billion) *U*)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ That) (VP suggests (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP a (ADJP little more) inventory overhang) (SBAR than (S (NP-SBJ some people) (VP expected (NP *?*)))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Edward Boss) , (NP (NP senior financial economist) (PP-LOC at (NP (NP Continental Bank) (PP-LOC in (NP Chicago)))))) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD (NP anything) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP 's (VP going (S (NP-SBJ *-2) (VP to (VP cause (NP (NP a downturn) (PP-LOC in (NP economic activity)))))))))))))))) .)) (TOP (S But (NP-SBJ it) (VP will (VP slow (NP production))) . '')) (TOP (S (S (S-TPC-2 (NP-SBJ (NP Devastation) (PP from (NP (NP Hurricane Hugo) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP slammed (PP-CLR into (NP the Southeast coast)) (PP-TMP in (NP late September))))) ,))) (VP diminished (NP personal income) (PP-EXT by (NP (QP about $ 4 billion) *U*)))) , (NP-SBJ the department) (VP said (SBAR 0 (S *T*-2)))) , but (S (NP-SBJ it) (VP called (S (NP-SBJ (NP the effect) (PP on (NP the (ADJP (QP roughly $ 5 trillion) *U*) economy))) (ADJP-PRD `` negligible)))) . '')) (TOP (S (PP Except (PP for (NP (NP the loss) (PP from (NP the hurricane))))) , (NP-SBJ-1 all the figures) (VP were (VP adjusted (NP *-1) (PP-CLR for (NP (NP seasonal factors) and (NP inflation))))) .)) (TOP (SINV (NP-LOC-TPC-PRD-1 Here) (VP are (NP-LOC-PRD *T*-1)) (NP-SBJ (NP some) (PP of (NP (NP the major components) (PP of (NP the gross national product)))) (VP expressed (NP *) (PP-LOC in (NP (ADJP seasonally adjusted) annual rates)) (PP-CLR in (NP (NP billions) (PP of (NP constant (PRN -LRB- 1982 -RRB-) dollars)))))) :)) (TOP (S (PP-TMP In (NP the third quarter)) , (NP-SBJ the implicit price deflator) (VP fell (PP-DIR to (NP (NP 2.9 %) (PP of (NP the 1982 average)))) , (PP-DIR from (NP 4.6 %) (PP-TMP in (NP the previous quarter)))) .)) (TOP (S (NP-SBJ Northrop Corp.) (VP received (NP (NP a (ADJP (QP $ 93.5 million) *U*) contract) (PP by (NP the U.S. Air Force)) (PP for (NP (NP production tooling and test equipment) (PP for (NP the Tacit Rainbow defense-suppression missile)))))) .)) (TOP (S (NP-SBJ The contract) (VP (VP provides (NP additional equipment) (PP-CLR for (NP (NP Northrop) , (NP (NP the prime contractor) (PP on (NP the missile))) ,))) and (VP (ADVP also) supports (NP (NP a 1990 purchase) (PP of (NP (NP 90 missiles) (PP for (NP follow-on flight tests))))))) .)) (TOP (S (NP-SBJ (NP General Motors Corp. 's) Chevrolet division) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP offering (NP (NP (ADJP $ 750 *U*) cash incentives) (PP on (NP (NP all 1990 models) (PP of (NP its full-size Blazer and Suburban truck lines)))))))))) .)) (TOP (S (NP-SBJ Chevrolet) (ADVP already) (VP has (NP (NP cash incentives) (PP on (NP (NP the 1989 models) (PP of (NP these vehicles)))))) .)) (TOP (S (NP-SBJ (NP Hudson 's) Bay Co.) (VP announced (NP (NP terms) (PP of (NP (NP a (ADJP previously proposed) rights issue) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP raise (NP (NP (NP (QP about 396 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 337 million) *U*) -RRB-)) (NP-ADV net) (PP of (NP expenses)))))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 (NP Proceeds) (PP of (NP the offering))) (VP will (VP be (VP used (NP-2 *-1) (S-CLR (S (NP-SBJ *-2) (VP to (VP redeem (NP (NP (QP C$ 264 million) *U*) (PP of (NP preferred shares)))))) and (S (NP-SBJ *-2) (VP to (VP reduce (NP short-term debt))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ (NP Canada 's) largest department store operator) (VP said (SBAR 0 (S (NP-SBJ the rights offering) (VP will (VP entitle (S (NP-SBJ (NP holders) (PP of (NP its ordinary shares)) , (PP except (NP (NP residents) (PP-LOC in (NP (NP the U.S.) and (NP Britain))))) ,) (VP to (VP subscribe (PP-CLR for (NP (NP two additional shares) (PP for (NP (NP every five shares) (VP held (NP *)))))) (PP-CLR at (NP (NP a price) (PP of (NP (NP C$ 31.25 *U*) (NP-ADV a share))))))))))))) .)) (TOP (S (NP-SBJ The record date) (VP is (NP-PRD Nov. 9)) .)) (TOP (S (NP-SBJ The company) (VP has (NP (NP (QP about 31 million) ordinary shares) (ADJP outstanding))) .)) (TOP (S (PP-LOC On (NP the Toronto Stock Exchange)) , (NP-SBJ (NP Hudson 's) Bay shares) (VP closed (PP-CLR at (NP C$ 35 *U*)) , (ADVP-CLR up (NP 12.5 cents))) .)) (TOP (S (NP-SBJ (NP Hudson 's) Bay) (VP said (SBAR that (S (NP-SBJ (NP Woodbridge Co.) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP (ADVP-TMP currently) holds (NP (NP (QP about 77) %) (PP of (NP the ordinary shares)))))) ,) (VP will (VP subscribe (PP-CLR (PP for (NP (NP all the shares) (SBAR (WHPP-4 to (WHNP which)) (S (NP-SBJ-1 it) (VP is (VP entitled (NP *-1) (PP-CLR *T*-4))))))) and (PP for (NP (NP any shares) (SBAR (WHNP-3 that) (S (NP-SBJ-5 *T*-3) (VP are n't (VP (ADVP otherwise) taken (PP up (NP *-5)))))))))))))) .)) (TOP (S (NP-SBJ Woodbridge) (VP is (NP-PRD (NP a holding company) (VP owned (NP *) (PP by (NP-LGS (NP Toronto 's) Thomson family))))) .)) (TOP (S (NP-SBJ (NP Hudson 's) Bay) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP redeem (NP (QP 9.5 million) Series H preferred shares) (PP-TMP on (NP Oct. 31)) (PP-CLR at (NP (NP a price) (PP of (NP (NP C$ 27.75 *U*) (NP-ADV each)))))))))) .)) (TOP (S (NP-SBJ-1 The move) (VP was (VP approved (NP *-1) (PP-LOC at (NP (NP a special shareholders ') meeting)) (NP-TMP yesterday))) .)) (TOP (S (NP-SBJ (NP Gary Lukassen) , (NP chief financial officer) ,) (VP said (SBAR 0 (S (NP-SBJ (NP redemption) (PP of (NP (NP the preferred shares) , (VP (ADVP-TMP originally) issued (NP *) (PP-CLR at (NP (NP C$ 25 *U*) (NP-ADV each)))) ,))) (VP will (VP eliminate (NP (NP dividend payments) (PP of (NP (NP (QP C$ 17.9 million) *U*) (ADVP-TMP annually))))))))) .)) (TOP (S (NP-SBJ Iverson Technology Corp.) (VP was (NP-PRD (NP one) (PP of (NP (NP the fastest-growing small companies) (PP-LOC in (NP America))))) -- (PP-TMP until (NP last year))) .)) (TOP (S (NP-SBJ The (NP (NP McLean) , (NP Va.) ,) company) (VP modifies (NP computers) (S-PRP (NP-SBJ *) (VP to (VP keep (S (NP-SBJ sensitive military data) (PP-PRD out (PP of (NP unfriendly hands)))))))) .)) (TOP (S (PP-TMP (PP From (NP 1984)) (PP to (NP 1987))) , (NP-SBJ its earnings) (VP soared (ADVP-EXT six-fold) , (PP-DIR to (NP (QP $ 3.8 million) *U*)) , (PP on (NP (NP a seven-fold increase) (PP-LOC in (NP revenue)) , (PP-DIR to (NP (QP $ 44.1 million) *U*))))) .)) (TOP (S But (PP-TMP in (NP 1988)) , (NP-SBJ it) (VP ran (PP-CLR into (NP (NP a buzz saw) : (NP a Defense Department spending freeze)))) .)) (TOP (S (NP-SBJ (NP Iverson 's) earnings) (VP plunged (NP-EXT 70 %) (PP-DIR to (NP (QP $ 1.2 million) *U*))) .)) (TOP (S (NP-SBJ The troubles) (VP continued (PP-TMP in (NP (NP (NP this year 's) first half) , (SBAR (WHADVP-1 when) (S (NP-SBJ profit) (VP plunged (NP-EXT 81 %) (PP-DIR to (NP $ 302,000 *U*)) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ Iverson Technology) (VP is (NP-PRD (NP one) (PP of (NP (NP many small defense contractors) (VP besieged (NP *) (PP by (NP-LGS (NP the slowdown) (PP-LOC in (NP defense spending))))))))) .)) (TOP (S (PP Unlike (NP (NP larger contractors) (PP with (NP (NP a (ADJP broad enough) base) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP weather (NP the downturn) (ADVP-MNR easily) (ADVP-MNR *T*-1))))))))) , (NP-SBJ these companies) (VP are (VP suffering (NP (NP big drops) (PP in (NP business))) (SBAR-ADV as (S (NP-SBJ (NP once-lucrative specialty niches) (PP-LOC in (NP the massive military market))) (VP (VP erode) or (VP (ADVP even) disappear)))))) .)) (TOP (S (NP-SBJ (NP Companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP only recently) (VP were (VP thriving))))) (VP find (S (NP-SBJ-2 themselves) (VP scrambling (S-PRP (NP-SBJ *-2) (VP to (VP survive)))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ their varied strategies) (VP suggest))) , (NP-SBJ there) (VP is (NP-PRD (NP (QP more than one) way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP respond (PP-CLR to (NP a disaster)) (ADVP-MNR *T*-1)))))) -- (SBAR-ADV though (S (NP-SBJ it) (VP 's (ADVP-PRD too soon (S (NP-SBJ *) (VP to (VP tell (SBAR whether (S (NP-SBJ the changes) (VP will (VP pay (PRT off))))))))))))) .)) (TOP (S (PP For (NP many companies)) , (NP-SBJ the instinctive first response) (VP is (S-PRD (NP-SBJ *) (VP to (VP cut (NP costs))))) .)) (TOP (S (NP-SBJ-1 Others) (VP are (VP trying (S (NP-SBJ *-1) (VP to (VP find (NP (NP (NP specialty defense work) (VP spared (NP *) (PP by (NP-LGS the slowdown)))) or (NP (NP new niches) (VP created (NP *) (PP by (NP-LGS budget-cutting)))))))))) .)) (TOP (S (NP-SBJ (ADJP More venturesome) businesses) (VP are (VP applying (NP their skills) (PP-LOC in (NP commercial fields)))) .)) (TOP (S (NP-SBJ (NP ERC International Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP provides (NP professional and technical services) (PP-CLR to (NP the military))))) ,) (VP is (VP (VP refining (NP its defense niche)) , (VP not retreating (PP-CLR from (NP it))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP quadrupling (NP annual earnings) (PP-TMP over (NP four years)) (PP-DIR to (NP (NP (QP $ 6.8 million) *U*) (PP-TMP in (NP 1988))))))) , (NP-SBJ-1 the (NP (NP Fairfax) , (NP Va.) ,) company) , (VP posted (NP (NP a (ADJP 23 %) drop) (PP-LOC in (NP earnings)) (PP-TMP for (NP (NP this year 's) first half)))) .)) (TOP (S (PP In (NP the belief (SBAR that (S (NP-SBJ (NP development) (PP of (NP advanced military technology))) (VP will (VP remain (NP-PRD a top Defense Department priority))))))) , (NP-SBJ ERC) (NP-TMP last year) (VP acquired (NP (NP W.J. Schafer Associates) , (NP (NP a technical and scientific analysis company) (PP with (NP (NP contracts) (PP-LOC under (NP the Strategic Defense Initiative))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the SDI anti-missile program) (VP (ADVP-TMP recently) awarded (NP W.J. Schafer) (NP (NP two contracts) (VP totaling (NP (QP $ 13.4 million) *U*)))))) , (NP-SBJ (NP (NP ERC 's) chairman and founder) , (NP Jack Aalseth) ,) (VP says (SBAR 0 (S (NP-SBJ he) (VP bought (NP the company) (ADVP-PRP `` more (PP for (NP its technology)) (PP than (NP its customer))))))) . '')) (TOP (S (NP-SBJ (NP (NP UNC Inc.) , (NP an (NP (NP Annapolis) , (NP Md.)) , contractor)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP earned (NP (QP $ 23.8 million) *U*) (PP on (NP (NP revenue) (PP of (NP (QP $ 400.4 million) *U*)))) (PP-TMP in (NP 1988))))) ,) (VP has (VP gone (ADVP even further (PP in (S-NOM (NP-SBJ *) (VP realigning (NP its military business))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ (NP orders) (PP for (NP its aircraft and submarine parts))) (VP dwindled))) , (NP-SBJ (NP three years) (PP of (NP steady growth))) (VP ended (PP-MNR with (NP (NP a (ADJP 69 %) drop) (PP in (NP income)))) (PP-TMP in (NP (NP this year 's) first half))) .)) (TOP (UCP (S (NP-SBJ The company) (VP hit (PP-CLR on (NP a new strategy)))) : (SBAR (SBAR If (S (NP-SBJ the Defense Department) (VP is (ADJP-PRD so intent (PP on (S-NOM (NP-SBJ *) (VP saving (NP money)))))))) , why not (S (NP-SBJ *) (VP make (NP money) (PP-CLR off (NP that trend))))) ?)) (TOP (FRAG (PP-LOC Among (NP (NP the company 's) current efforts)) : (S-NOM (NP-SBJ *) (VP repairing (NP old parts) (PP-CLR at (NP (NP 25 %) (PP of (NP (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP replacing (NP them)))))))))) .)) (TOP (S (NP-SBJ UNC) (ADVP also) (VP is (VP selling (NP new parts) , (SBAR-ADV if (S (NP-SBJ-1 *) (VP needed (NP *-1)))) , (ADVP directly) (PP-DTV to (NP the military)) (PP instead of (PP through (NP a prime contractor))))) .)) (TOP (S (PP At (NP (NP as little) (PP as (NP (NP one-third) (PP of (NP (NP the government 's) cost)))))) , (NP-SBJ the company) (VP is (VP running (NP (NP a program) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP train (NP Army helicopter pilots)))))))) .)) (TOP (S (NP-SBJ It) (VP is (ADVP also) (VP taking (PRT over) (NP (NP the maintenance) (PP of (NP certain Navy aircraft))) (PP with (NP (NP (ADJP 40 %) fewer people) (SBAR than (S (NP-SBJ the military) (VP used))))))) .)) (TOP (S (PP-LOC In (NP another approach)) , (NP-SBJ-1 tiny Iverson Technology) (VP is (VP trying (S (NP-SBJ-2 *-1) (VP to (VP resume (NP its growth) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP braving (NP (NP the new world) (PP of (NP commercial products))))))))))) .)) (TOP (S (NP-SBJ (NP Donald Iverson) , (NP chairman) ,) (VP says (SBAR 0 (S (NP-SBJ he) (VP hopes (SBAR 0 (S (NP-SBJ the company) (VP can (ADVP-TMP eventually) (VP get (NP (NP (QP up to half)) (PP of (NP its revenue))) (PP-CLR from (NP commercial markets)))))))))) .)) (TOP (S-1 (PP-TMP For (NP now)) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) , ``) (NP-SBJ we) (VP 're (VP looking (PP-CLR at (S-NOM (NP-SBJ *) (VP buying (NP (NP some small companies) (PP with (NP (NP niche markets) (PP-LOC in (NP the personal-computer business)))))))))) . '')) (TOP (S (ADVP-TMP Earlier (NP this month)) , (NP-SBJ-1 Mr. Iverson) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP exclusive rights) (PP to (NP (NP a software system) (VP developed (NP *) (PP by (NP-LGS (NP Visher Systems Inc.) , (NP Salt Lake City))))))))))) .)) (TOP (S (NP-SBJ The product) (VP automates (NP (NP an array) (PP of (NP (NP functions) (VP performed (NP *) (PP-LOC at (NP (ADJP small to medium-size) printing companies))))))) .)) (TOP (S (NP-SBJ Mr. Iverson) (VP says (SBAR 0 (S (NP-SBJ there) (VP are (NP-PRD (NP 5,000 potential customers) (PP for (NP the software))) (PP-LOC in (NP (NP the (NP (NP Washington) , (NP D.C.) ,) area) (ADVP alone))))))) .)) (TOP (S (NP-SBJ (NP QuesTech Inc.) , (NP-LOC (NP Falls Church) , (NP Va.) ,)) (ADVP also) (VP has (VP acquired (NP some companies) (PP-LOC outside (NP the military market)))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ-1 it) (VP 's (VP trying (S (NP-SBJ *-1) (VP to (VP transfer (NP (NP its skill) (PP at (S-NOM (NP-SBJ *) (VP designing (NP military equipment))))) (PP-CLR to (NP commercial ventures))))))) .)) (TOP (S (NP-SBJ (NP A partnership) (PP with (NP (NP a (NP (NP Williamsburg) , (NP Va.) ,) unit) (PP of (NP Shell Oil Co.))))) (ADVP-TMP recently) (VP patented (NP (NP a process) (PP for (S-NOM (NP-SBJ *) (VP producing (NP (NP plastic food containers) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP wo n't (VP melt (PP-LOC in (NP microwave ovens)))))))))))) .)) (TOP (SINV-2 `` (S-TPC (NP-SBJ-1 We) (VP 're (VP trying (S (NP-SBJ *-1) (VP to (VP (VP take (NP (NP the imagination and talent) (PP of (NP our engineers)))) and (VP come (ADVP up) (PP with (NP (NP new processes) (PP for (NP industry))))))))))) , '' (VP says (SINV *T*-2)) (NP-SBJ (NP Vincent Salvatori) , (NP (NP QuesTech 's) chief executive)) .)) (TOP (S `` (NP-SBJ It) (VP is (NP-PRD (NP an effort (S (NP-SBJ *) (VP to (VP branch (PRT out) (PP from (NP the government)))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD very difficult (PP for (NP a defense contractor)))))))) . '')) (TOP (S (NP-SBJ Mr. Salvatori) (VP should (VP know)) .)) (TOP (S (PP Instead of (S-NOM (NP-SBJ *-2) (VP helping (NP his company) (PP-LOC in (NP the defense spending slowdown))))) , (NP-SBJ-2 (NP Dynamic Engineering Inc.) , (NP (NP a troubled subsidiary) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (NP wind tunnels) (PP-BNF for (NP the space industry)))))) ,) (VP contributed (PP-CLR to (NP (NP much) (PP of (NP (NP (NP QuesTech 's) (ADJP (QP $ 3.3 million) *U*) loss) (PP on (NP (NP (QP $ 55.6 million) *U*) (PP in (NP revenue)))) (NP-TMP last year)))))) .)) (TOP (S (PP-TMP In (NP January)) , (NP-SBJ Mr. Salvatori) (VP sold (NP the unit)) .)) (TOP (S-1 `` (S (NP-SBJ It) (VP was (NP-PRD our first acquisition))) , '' (PRN (S (NP-SBJ he) (VP says (S *T*-1)))) , `` and (S (NP-SBJ it) (VP was (NP-PRD a mistake))) . '')) (TOP (S (NP-SBJ Some companies) (VP are (VP (VP cutting (NP costs)) and (VP hoping (PP-CLR for (NP the best))))) .)) (TOP (S (NP-SBJ (NP Telos Corp.) , (NP (NP a (NP (NP Santa Monica) , (NP Calif.) ,) provider) (PP of (NP software-development and hardware-maintenance services)) (PP to (NP the military))) ,) (VP enjoyed (NP steady growth) (PP-TMP until (NP this year))) .)) (TOP (S (PP-TMP Following (NP (NP a tripling) (PP of (NP earnings)) , (PP-DIR to (NP (QP $ 3.9 million) *U*)) , (PP on (NP (NP a doubling) (PP of (NP revenue)) , (PP to (NP (QP $ 116 million) *U*)) ,)) (PP-TMP over (NP four years)))) , (NP-SBJ (NP earnings) (PP-TMP in (NP (NP (NP the company 's) fiscal first quarter) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP ended (NP-TMP June 30)))) ,))) (VP plunged (NP-EXT 90 %) (PP-DIR to (NP $ 45,000 *U*))) .)) (TOP (S (S (NP-SBJ-1 (NP A one-time write-off) (PP for (S-NOM (NP-SBJ *) (VP booking (NP nonexistent revenue))))) (VP (VP was (ADVP partly) (S-PRD (NP-SBJ *-1) (VP to (VP blame)))))) , but (S (ADVP-PRD-TPC-2 so) (VP were (ADVP-PRD *T*-2)) (NP-SBJ (NP (NP lower profits) (PP from (NP (NP a stingier contract) (PP with (NP the Army))))) and (NP (NP delays) (PP in (S-NOM (NP-SBJ *) (VP getting (VP paid))))))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ-1 Telos) (VP responded (PP-MNR by (S-NOM (NP-SBJ-2 *-1) (VP combining (NP (NP three) (PP of (NP its five divisions))) (S-PRP (NP-SBJ *-2) (VP to (VP (VP reduce (NP expenses)) and `` (VP bring (NP more focus) (PP-DTV to (NP (ADJP potentially fewer) bidding opportunities))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Lin Conger) , (NP (NP Telos chairman) and (NP controlling shareholder))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's (ADJP-PRD evident) (SBAR-1 0 (S (NP-SBJ we) (VP 're (VP entering (NP a (ADJP more competitive) era))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ (NP TransTechnology Corp.) , (NP (NP a (NP (NP Sherman Oaks) , (NP Calif.) ,) defense contractor) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP earned (NP (QP $ 9.2 million) *U*) (PP on (NP (NP revenue) (PP of (NP (QP $ 235.2 million) *U*)))) (PP-TMP in (NP 1988)))))) ,) (VP provides (NP (NP a (ADJP more dramatic) example) (PP of (NP cost-cutting)))) .)) (TOP (S (NP-SBJ The company) (VP (CONJP not only) (VP merged (NP three military-electronics manufacturing operations)) , (CONJP but also) (VP closed (NP (NP an unrelated plant) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (NP (NP ordnance devices) (VP used (NP *) (PP-LOC in (NP (NP fighter planes) and (NP missiles))))))))))) .)) (TOP (S (NP-SBJ The closing) (VP contributed (PP-CLR to (NP (NP (NP a (ADJP (QP $ 3.4 million) *U*) loss) (PP-TMP in (NP (NP the fiscal first quarter) (VP ended (NP *) (NP-TMP July 31))))) -- (NP (NP its first quarterly loss) (PP-TMP since (NP 1974)))))) .)) (TOP (SINV-2 `` (S-TPC (NP-SBJ-1 Our ordnance business) (VP has (VP been (VP hurt (NP *-1) (ADVP-MNR very badly) (PP by (NP-LGS the slowdown)))))) , '' (VP says (SINV *T*-2)) (NP-SBJ (NP Arch Scurlock) , (NP (NP TransTechnology 's) chairman)) .)) (TOP (S `` (NP-SBJ I) (VP would n't (VP say (SBAR 0 (S (NP-SBJ we) (VP 're (PP-PRD out (PP of (NP the business)))))))) .)) (TOP (S But (NP-SBJ we) (VP 're not (VP making (NP (NP as many (PRN -LCB- (NP pyrotechnic devices) -RCB-)) (SBAR as (S (NP-SBJ we) (VP used (PP to (VP *?*)))))))) .)) (TOP (S (NP-SBJ (NP The growing crowd) (PP of (NP Japanese investors)) (VP buying (PRT up) (NP foreign companies))) (VP are n't all (NP-PRD (NP strait-laced businessmen) (PP-LOC in (NP dark suits)))) .)) (TOP (S (NP-SBJ (NP Yasumichi Morishita) , (SBAR (WHNP-1 whose art gallery) (S (NP-SBJ *T*-1) (NP-TMP last month) (VP became (NP-PRD (NP a major shareholder) (PP in (NP (NP Christies International PLC) , (NP the London auction house))))))) ,) (VP is (NP-PRD (NP one man) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP does n't (VP fit (NP the mold))))))) .)) (TOP (S (PP-LOC In (NP Japan)) , (NP-SBJ-1 he) (VP 's (VP known (NP *-1) (PP-LOC in (NP racy weekly magazines)) (PP-CLR as (NP (NP the `` King) (PP of (NP Shady Money)))))) . '')) (TOP (S (PP If (NP (NP nothing) (ADJP else))) , (NP-SBJ (NP the 57-year-old 's) past) (VP has (NP (NP its share) (PP of (NP dents)))) .)) (TOP (S (ADVP-TMP (NP (QP Nearly 20) years) ago) , (NP-SBJ-1 (NP Mr. Morishita) , (NP (NP founder and chairman) (PP of (NP (NP Aichi Corp.) , (NP a finance company)))) ,) (VP received (NP a 10-month suspended sentence) (PP-CLR from (NP a Tokyo court)) (PP-CLR for (S-NOM (NP-SBJ *-1) (VP violating (NP (NP a money-lending law) and (NP an income tax law)))))) .)) (TOP (S (NP-SBJ-1 He) (VP was (VP convicted (NP-2 *-1) (PP of (S-NOM (NP-SBJ-4 *-2) (VP (VP charging (NP (NP interest rates) (ADJP (ADJP much higher) (PP than (SBAR-NOM (WHNP-3 what) (S (NP-SBJ the law) (VP permitted (NP *T*-3)))))))) , and (VP attempting (S (NP-SBJ-5 *-4) (VP to (VP evade (NP income taxes) (PP-MNR by (S-NOM (NP-SBJ *-5) (VP using (NP a double accounting system))))))))))))) .)) (TOP (S (NP-SBJ He) (VP 's (VP had (NP (NP other brushes) (PP with (NP the law))))) .)) (TOP (S (NP-SBJ-1 He) (VP was (VP arrested (NP *-1) (PRN , (ADVP though) not (VP indicted) ,) (PP on (NP (QP at least three) other occasions)) (PP-TMP in (NP the '60s and '70s)) : (PP-CLR (PP for (NP (NP assault) and (NP unlawful confinement))) , (PP for (NP (NP fraud) and (NP (NP forgery) (PP of (NP private documents))))) , and (PP for (NP extortion))))) .)) (TOP (S (NP-SBJ Christies) (VP says (SBAR (SBAR 0 (S (NP-SBJ it) (VP has (VP had (NP (NP no contact) (PP with (NP Mr. Morishita))) (PP-TMP since (NP the stock purchase)))))) , but (SBAR that (S (NP-SBJ-1 it) (VP 's (ADJP-PRD happy (S (NP-SBJ *-1) (VP to (VP deal (PP-CLR with (NP him))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 We) (VP like (S (NP-SBJ *-1) (VP to (VP make (NP (NP our own judgments) '' (PP about (NP Mr. Morishita)))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Christopher Davidge) , (NP (NP Christies ') group managing director)) .)) (TOP (S `` (NP-SBJ People) (VP have (NP a different reputation) (NP-ADV (NP country) (PP by (NP country)))) . '')) (TOP (S (NP-SBJ Mr. Morishita) (VP is (NP-PRD (NP a leading figure) (PP-LOC among (NP (NP Japan 's) 38,000 (NX (NX `` (NX machikin) , '' (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP lend (PP-CLR to (NP small companies)))))) , and (NX `` (NX sarakin) , '' (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP lend (PP-CLR to (NP individuals))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Many) (PP of (NP these financiers))) (VP lend (ADVP-MNR freely) , (PP-MNR (ADVP-TMP often) without (S-NOM (NP-SBJ *-1) (VP demanding (NP collateral))))) .)) (TOP (SINV (S-TPC-2 But (NP-SBJ (NP the interest rates) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP charge (NP *T*-1))))) (VP are (ADVP-TMP often) (PP-LOC-PRD near (NP (NP Japan 's) (ADJP 54.75 %) legal limit)))) , (VP says (S *T*-2)) (NP-SBJ (NP Kenji Utsunomiya) , (NP (NP a lawyer) (VP specializing (PP-CLR in (NP loan troubles))))) .)) (TOP (S-1 (NP-SBJ Aichi) (VP is (NP-PRD (NP a machikin) (PRN , (S (NP-SBJ Mr. Utsunomiya) (VP says (SBAR 0 (S *T*-1)))) ,) and `` (NP (NP one) (PP of (NP the nasty ones))))) . '')) (TOP (S (PP-LOC In (S-NOM (NP-SBJ *-2) (VP describing (NP that business) (PP-MNR in (ADJP general))))) , (NP-SBJ-2 he) (VP says (SBAR that (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the client) (VP ca n't (VP repay (NP the loan) (ADVP-TMP *T*-1))))) , (NP-SBJ some machikin) (VP `` (VP clutch (PRT on) (PP-MNR like (NP hyenas))) '' and (VP (ADVP even) take (PRT over) (NP (NP the client 's) company)))))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ (NP (NP Mr. Morishita 's) new gallery) , (NP Aska International Ltd.) ,) (VP purchased (NP (NP 6.4 %) (PP of (NP Christies))) (PP-CLR for (NP (NP (QP # 33 million) *U*) (PRN *LRB* (NP (QP $ 53.3 million) *U*) *RRB*)))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Acquired (NP *-1) (PP-CLR from (NP (NP Carisbrook Holdings U.K. Ltd.) , (NP (NP a company) (VP owned (NP *) (PP by (NP-LGS Australian financier Robert Holmes a Court)))))))) , (NP-SBJ-2 the stake) (VP was (ADVP apparently) (NP-PRD (NP the first) (PP of (NP its kind)) (PP for (NP (NP Aska) , (NP (NP an entity) (ADJP separate (PP from (NP Aichi)))))))) .)) (TOP (S And (NP-SBJ (NP the acquisition) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP made (S (NP-SBJ Aska) (NP-PRD (NP one) (PP of (NP (NP Christies ') top five shareholders))))))) ,) (VP left (S (NP-SBJ many people) (VP wondering (SBAR (SBAR (WHNP-2 who) (S (NP-SBJ this man) (VP was (NP-PRD *T*-2)))) and (SBAR (WHNP-3 what) (S (NP-SBJ his intentions) (VP were (NP-PRD *T*-3)))))))) .) ) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP 're (NP-PRD an investor))) , '' (NP-SBJ-1 Mr. Morishita) (VP says (S *T*-2) , (S-ADV (NP-SBJ *-1) (VP sitting (PRT back) (PP-LOC in (NP (NP his purple gallery) (VP filled (NP *) (PP-CLR with (NP (QP some 20) Monets and Renoirs)))))))) .)) (TOP (S `` (PP In (NP the long run)) , (NP-SBJ the *LCB* stock *RCB* prices) (VP will (VP go (ADVP-DIR up))) . '')) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's not (ADJP-PRD clear) (SBAR-1 whether (S (NP-SBJ-2 Aska) (VP plans (S (NP-SBJ *-2) (VP to (VP buy (NP more shares)))))))) .)) (TOP (S-2 But (NP-SBJ-1 Christies) (PRN , (S (NP-SBJ Mr. Morishita) (VP insists (SBAR 0 (S *T*-2)))) ,) (VP is (ADJP-PRD happy (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ him) (VP become (NP a long-term stockholder)))))))) .)) (TOP (S (NP-SBJ Mr. Morishita) (VP considers (S (NP-SBJ himself) (NP-PRD (NP a connoisseur) (PP of (NP art))))) .)) (TOP (S-3 (PP-TMP In (NP (NP 30 years) (PP of (S-NOM (NP-SBJ *) (VP collecting (NP (ADJP impressionist and Japanese) paintings)))))) , (NP-SBJ he) (VP has (VP acquired (NP (NP 600 items) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-3)))) ,) (ADJP enough (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP persuade (NP-2 him) (S (NP-SBJ *-2) (VP to (VP start (NP a museum) (NP-TMP next year)))))))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ he) (VP spent (NP (QP $ 300 million) *U*) (PP-CLR on (NP his art business)) (NP-TMP this year))))) .)) (TOP (S (ADVP-TMP (NP A week) ago) , (NP-SBJ-1 his gallery) (VP racked (PRT up) (NP a (ADJP (QP $ 23 million) *U*) tab) (PP-LOC at (NP (NP a (NP Sotheby 's) auction) (PP-LOC in (NP New York)))) (S-MNR (NP-SBJ *-1) (VP buying (NP (NP seven works) , (PP including (NP a Picasso)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ He) (VP makes (NP snap judgments))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Kiyotaka Kori) , (RRC (NP (NP (NP the art gallery 's) manager) and (NP (NP Mr. Morishita 's) secretary)) (PP-TMP for (NP (QP more than seven) years)))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Morishita 's) main business) (ADVP certainly) (VP appears (S (NP-SBJ *-1) (VP to (VP be (VP thriving)))) , (SBAR-ADV although (S (NP-SBJ he) (VP wo n't (VP disclose (NP numbers)))))) .)) (TOP (S (PP According (PP to (NP (NP Teikoku Data Bank Ltd.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP tracks (NP company earnings))))))) , (NP-SBJ (NP Aichi 's) revenue) (VP rose (NP-EXT 15 %) (PP-DIR to (NP (NP (QP 49.3 billion) yen) (PRN *LRB* (NP (QP $ 348.4 million) *U*) *RRB*))) (PP-TMP in (NP (NP the year) (VP ended (NP-TMP February))))) .)) (TOP (S (NP-SBJ Revenue) (VP doubled (PP-DIR from (ADVP-TMP (NP two years) ago))) .)) (TOP (FRAG (S (NP-SBJ That) (VP is)) , (SBAR-ADV if (S (NP-SBJ the company) (VP reported (NP results) (ADVP-MNR correctly)))) .)) (TOP (S (NP-SBJ (NP The Asahi Shimbun) , (NP a Japanese daily) ,) (NP-TMP last month) (VP reported (SBAR that (S (NP-SBJ-1 Aichi) (VP revised (NP its tax calculations) (PP-TMP after (S-NOM (NP-SBJ-2 *-1) (VP being (VP challenged (NP-3 *-2) (PP-CLR for (S-NOM (NP-SBJ-4 *-3) (ADVP allegedly) (VP failing (S (NP-SBJ *-4) (VP to (VP report (NP (NP all) (PP of (NP its income))) (PP-CLR to (NP tax authorities)) (PP-TMP over (NP a two-year period)))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 The Tokyo Regional Taxation Office) (VP declines (S (NP-SBJ *-1) (VP to (VP comment))))) , and (S (NP-SBJ (NP Mr. Kori) , (NP (NP the tycoon 's) secretary) ,) (VP says (SBAR 0 (S (NP-SBJ the problem) (ADVP simply) (VP resulted (PP-CLR from (NP (NP a difference) (PP of (NP opinion)) (PP over (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-3 *T*-2) (VP was (VP considered (S (NP-SBJ *-3) (NP-PRD income)))))))))))))) .)) (TOP (S (NP-SBJ The small , wiry Mr. Morishita) (VP comes (PRT across) (PP-CLR as (NP (NP an outspoken man) (PP of (NP the world))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP (VP Stretching (NP his arms) (PP-LOC in (NP his silky white shirt))) and (VP squeaking (NP his black shoes)))) , (NP-SBJ he) (VP (VP lectures (NP a visitor) (PP-CLR about (NP (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP sell (NP American real estate) (ADVP-MNR *T*-1)))))))) and (VP boasts (PP-CLR about (NP (NP his friendship) (PP with (NP (NP Margaret Thatcher 's) son)))))) .)) (TOP (S But (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ *-3) (VP asked (SBAR (WHNP-1 (WHNP what) (ADVP exactly)) (S (NP-SBJ he) (VP does (NP *T*-1) (PP-LOC in (NP business))))) (ADVP-TMP *T*-2)))) , (NP-SBJ-3 he) (ADVP-TMP immediately) (VP takes (NP offense)) .)) (TOP (S `` (SQ Are (NP-SBJ you) (ADJP-PRD stupid)) ? '' (NP-SBJ he) (VP snaps) .)) (TOP (S `` (NP-SBJ You) (VP should (VP know (SBAR (WHNP-1 what questions) (S (NP-SBJ *) (VP to (VP ask (NP *T*-1) (S-PRP (NP-SBJ *) (VP to (VP get (S (NP-SBJ people) (VP to (VP answer)))))))))))) . '')) (TOP (S (S (NP-SBJ Not many people) (VP know (NP (NP the details) (PP of (NP (NP Mr. Morishita 's) business))))) , but (S (NP-SBJ it) (VP 's (NP-PRD (NP a source) (PP of (NP (NP rumors) (PP about (NP shady dealings))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ a small company) (VP goes (ADJP-PRD belly-up) (ADVP-TMP *T*-1)))) , (PP for (NP instance)) , (NP-SBJ-2 the gossipy weekly magazines) (VP are (ADVP-TMP often) (ADJP-PRD quick (S (NP-SBJ *-2) (VP to (VP link (NP the demise) (PP-CLR with (NP Aichi))))))) .)) (TOP (S (NP-SBJ Mr. Morishita) (VP scoffs (PP-CLR at (NP (NP those stories) , (CONJP as well as) (NP (NP the ones) (VP connecting (NP him) (PP-CLR to (NP the Japanese mob))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ he) (VP has (ADVP-TMP never) (ADVP even) (VP dined (PP with (NP gangsters))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD (NP The seventh child) (PP of (NP (NP a store owner) (PP-LOC in (NP Aichi prefecture)))))) , (NP-SBJ-1 Mr. Morishita) (VP started (PRT out) (PP-LOC in (NP the textile business))) .)) (TOP (S (PP From (ADVP there)) , (NP-SBJ he) (VP (VP set (PRT up) (NP his finance company)) and (VP (ADVP-MNR rapidly) expanded (PP-DIR from (NP lending)) (PP-DIR to (NP (NP investment) (PP in (NP real estate)))) (PP-DIR to (S-NOM (NP-SBJ *) (VP building (NP golf courses)))))) .)) (TOP (S-4 (NP-SBJ-1 He) (VP spends (NP most weekends) (S-MNR (NP-SBJ *-1) (VP flying (NP his helicopter) (PP-DIR to (NP (NP one) (PP of (NP (NP his nine courses) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-4)))) ,) (SBAR (WHNP-2 (WHNP two) (WHPP of (WHNP which))) (S (NP-SBJ-3 *T*-2) (VP were (VP designed (NP *-3) (PP by (NP-LGS Jack Nicklaus))))))))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP owns (NP (NP courses) (PP-LOC in (NP (NP the U.S.) and (NP France))))) .)) (TOP (S (NP-SBJ-1 The gruff financier) (ADVP-TMP recently) (VP started (S (NP-SBJ *-1) (VP socializing (PP-LOC in (NP upper-class circles))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ-2 he) (VP was n't (ADJP-PRD keen (PP on (S-NOM (NP-SBJ *-2) (VP going)))))))))) , (NP-TMP last year) (NP-SBJ he) (VP attended (NP (NP a New York gala) (SBAR (WHADVP-1 where) (S (NP-SBJ his daughter) (VP made (NP her debut) (ADVP-LOC *T*-1)))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP leads (NP an opulent life style)) .)) (TOP (S (PP-LOC (ADVP Even) in (NP (NP Denenchofu) , (NP (NP one) (PP of (NP (NP Tokyo 's) richest neighborhoods))))) , (NP-SBJ (NP (NP Mr. Morishita 's) splashy brick manor) -- (NP (NP one) (PP of (NP (NP (QP some 10) houses) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP owns (NP *T*-1))))))) --) (VP outshines (NP (NP the neighbors '))) .)) (TOP (S (NP-SBJ (NP A lavish white portico) (PP with (NP a stained-glass window))) (VP towers (PP-LOC-CLR over (NP (NP the brick wall) (VP surrounding (NP his property))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Mr. Morishita) (VP says (NP (NP little) (PP about (NP his business)))))) , (NP-SBJ he) (VP offers (NP (NP (NP one rule) (PP to (NP success))) : (S (NP-SBJ *) (ADVP-TMP Never) (VP gamble (ADVP too far))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP quit (PP-TMP after (NP one try)) , (SBAR-ADV whether (S (NP-SBJ I) (VP win or lose))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP 'm (VP done (PP-TMP in (NP two minutes)))) . '')) (TOP (S (NP-SBJ Mr. Morishita) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP intends (S (NP-SBJ *-1) (VP to (VP expand (NP his business) (PP-DIR to (NP (NP many other areas) (UCP-LOC (PP at (NP home)) and (ADVP abroad))))))))))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ He) (VP 'll (VP be (ADVP-LOC-PRD there) (SBAR-TMP (WHADVP-2 wherever) (S (NP-SBJ there) (VP 's (NP-PRD (NP money) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP be (VP made (NP *))))))) (ADVP-TMP *T*-2))))))) , (VP laughs (SBAR 0 (S *T*-3))) (NP-SBJ (NP Mr. Kori) , (NP the secretary)) .)) (TOP (S-2 `` (FRAG-ADV (WHNP-1 Who) (S (NP-SBJ *T*-1) (VP knows))) , '' (PRN (S (NP-SBJ he) (VP says (S *T*-2)))) , `` (SBAR-ADV if (S (NP-SBJ he) (VP heard (SBAR that (S (NP-SBJ soybeans) (VP make (NP money)))) (NP-TMP today)))) , (NP-SBJ he) (VP might (VP be (VP flying (PP-DIR out (PP to (NP Chicago))) (NP-TMP tomorrow)))) .)) (TOP (SBAR-HLN (WHNP-1 WHO) (S (NP-SBJ *T*-1) (VP 'S (NP-PRD NEWS))) :)) (TOP (S (NP-SBJ Arthur Price) (VP resigned (PP-CLR as (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP (NP MTM Enterprises Inc.) , (NP a (NAC-LOC Studio-City , Calif. ,) entertainment concern)))))) .)) (TOP (S (NP-SBJ He) (VP co-founded (NP the company) (PP with (NP (NP Grant Tinker) and (NP Mary Tyler Moore))) (PP-TMP in (NP 1969))) .)) (TOP (S (NP-SBJ MTM) (VP is (NP-PRD (NP a unit) (PP of (NP (NP British-based TVS Entertainment PLC) , (SBAR (WHNP-1 (WHNP whose chief executive officer) , (NP James Gatward) ,) (S (NP-SBJ *T*-1) (VP will (VP oversee (NP the company) (SBAR-TMP until (S (NP-SBJ-2 a successor) (VP is (VP named (NP *-2))))))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ *) (VP expected))) , (NP-SBJ First Interstate Bancorp) (VP reported (NP (NP a net loss) (PP of (NP (QP $ 15.5 million) *U*)) (PP for (NP its third quarter))) (PP-PRP because of (NP (NP hemorrhaging) (PP-LOC at (NP its (NAC First Interstate Bank (PP of (NP Arizona))) unit))))) .)) (TOP (S (NP-SBJ The (ADJP Los Angeles-based) bank holding company) (VP disclosed (NP-TMP last Friday) (SBAR that (S (NP-SBJ it) (VP had (VP taken (NP (NP a huge (ADJP (QP $ 350 million) *U*) provision) (PP for (NP (NP (NP loan losses) (PP-LOC at (NP the Arizona bank))) , (NP (NP the result) (PP of (NP (NP the state 's) worsening real-estate market))))))))))) .)) (TOP (S (PP-LOC In (NP (NP yesterday 's) report)) , (NP-SBJ First Interstate) (VP said (SBAR 0 (S (NP-SBJ (NP its bank) (PP-LOC in (NP Texas))) (ADVP also) (VP reported (NP (NP a loss) (PP of (NP (QP $ 23.5 million) *U*)) (PP for (NP the quarter))))))) .)) (TOP (S But (NP-SBJ it) (VP said (SBAR (SBAR that (S (NP-SBJ (NP its consumer banks) (PP-LOC in (NP Oregon , California , Nevada and Washington))) (VP performed (ADVP-MNR well) (PP-TMP during (NP the quarter))))) and (SBAR that (S (NP-SBJ (NP nonperforming assets) (PP-LOC at (NP these banks))) (VP declined (PP-EXT by (NP 14 %)) (PP-TMP over (NP the year-ago period))))))) .)) (TOP (S (S (NP-SBJ (NP Private-sector union contracts) (VP signed (NP *) (PP-TMP in (NP the third quarter)))) (VP granted (NP (NP (ADJP slightly lower) wage increases) (PP than (NP (NP those) (VP signed (NP *) (PP-TMP in (NP the second quarter)))))))) , but (S (NP-SBJ wage increases) (ADVP still) (VP are (VP running (PP above (NP (NP last year 's) levels))))) .)) (TOP (S (NP-SBJ The Labor Department) (VP said (SBAR 0 (S (NP-SBJ (NP wage settlements) (PP-TMP in (NP the third quarter))) (VP called (PP-CLR for (NP (NP average annual wage increases) (PP of (NP (NP (NP 3.6 %) (PP-TMP in (NP the first year))) and (NP (NP 3.0 %) (PP-TMP over (NP (NP the life) (PP of (NP the contracts))))))))))))) .)) (TOP (S (NP-TMP (NP The last time) (SBAR (WHADVP-1 0) (S (NP-SBJ (NP parties) (PP to (NP these settlements))) (VP negotiated (NP wage increases) (ADVP-TMP *T*-1))))) , (PP-TMP (ADVP mostly) in (NP 1986 or 1987)) , (NP-SBJ wages) (VP increased (NP-EXT (NP an average) (PP of (NP (NP 2.4 %) (NP-ADV a year))) (PP-TMP over (NP (NP the life) (PP of (NP the contracts)))))) .)) (TOP (S-3 (SBAR-ADV If (S (NP-SBJ this pattern) (VP continues))) , (PRN (S (NP-SBJ the Labor Department) (VP said (SBAR 0 (S *T*-3)))) ,) (NP-SBJ 1989) (VP will (VP be (NP-PRD (NP the first year) (SBAR (WHADVP-1 that) (S (NP-SBJ the measure) (VP has (VP shown (NP an increase) (ADVP-TMP *T*-1))))) (PP-TMP since (NP (NP 1981) (SBAR (WHADVP-4 when) (S (NP-SBJ-2 the department) (VP started (S (NP-SBJ *-2) (VP comparing (NP expiring contracts) (PP-CLR with (NP (NP those) (SBAR (WHNP-5 that) (S (NP-SBJ *T*-5) (VP replaced (NP them)))))))) (ADVP-TMP *T*-4))))))))) .)) (TOP (S (NP-SBJ This) (VP reflects (NP (NP (NP the restoration) (PP of (NP wage cuts)) (PP-LOC in (NP the (UCP steel and other) industries))) (CONJP as well as) (NP (NP higher wages) (VP granted (NP (NP nurses) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP work (PP-LOC in (NP health-care facilities)))))) (NP *))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Settlements) (VP reached (NP *) (PP-TMP in (NP (NP the first nine months) (PP of (NP 1989)))))) (VP called (PP-CLR for (NP (NP wage increases) (VP averaging (NP (NP (NP 3.7 %) (PP-TMP in (NP the first contract year))) and (NP (NP 3.1 %) (ADVP annually) (PP-TMP over (NP (NP the life) (PP of (NP the contracts))))))))))) , (NP-SBJ the department) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP For (NP (NP all) (PP of (NP 1988)))) , (NP-SBJ union contracts) (VP provided (PP-CLR for (NP (NP (NP (ADJP 2.5 %) wage increases) (PP-TMP in (NP the first year))) and (NP (NP 2.4 %) (PP-TMP over (NP (NP the life) (PP of (NP the contracts)))))))) .)) (TOP (S (PP-TMP In (NP the second quarter)) , (NP-SBJ contracts) (VP called (PP-CLR for (NP (NP increases) (PP of (NP (NP (NP 3.9 %) (PP-TMP in (NP the first year))) and (NP (NP 3.4 %) (PP-TMP over (NP (NP the life) (PP of (NP the contracts)))))))))) .)) (TOP (S (S (NP-SBJ The figures) (VP exclude (NP (NP lump-sum payments) and (NP cost-of-living adjustments)))) , so (S (NP-SBJ the actual wage increases) (VP may (VP have (VP been (ADJP-PRD bigger))))) .)) (TOP (S (S (NP-SBJ (NP (QP About 35) %) (PP of (NP (NP the workers) (VP covered (NP *) (PP by (NP-LGS (NP contracts) (VP signed (NP *) (PP-TMP in (NP (NP the first nine months) (PP of (NP year))))))))))) (VP get (NP lump-sum payments))) ; (S (NP-SBJ-1 (QP about 15) %) (VP are (VP covered (NP *-1) (PP by (NP-LGS cost-of-living clauses))))) .)) (TOP (S (NP-SBJ (NP Unions) (VP covered (NP *) (PP by (NP-LGS one or other provisions)))) (ADVP generally) (VP settled (PP-CLR for (NP lower percentage wage increases))) .)) (TOP (S (NP-SBJ The Labor Department) (VP said (SBAR 0 (S (NP-SBJ-1 (NP wage increases) (PP-LOC in (NP manufacturing industries))) (VP continue (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD (ADJP smaller) (PP than (NP (NP those) (PP-LOC in (NP other industries)))))))))))) .)) (TOP (S (PP For (NP (NP all (QP six million) workers) (PP-LOC under (NP major collective bargaining agreements)))) , (ADVP regardless (PP of (SBAR (WHADVP-1 when) (S (NP-SBJ they) (VP were (VP signed (NP *) (ADVP-TMP *T*-1))))))) , (NP-SBJ (NP wage increases) (PP-TMP in (NP (NP the first nine months) (PP of (NP 1989))))) (VP averaged (NP 2.5 %) -- (PP including (NP cost-of-living adjustments))) .)) (TOP (S (S (NP-SBJ An enormous turtle) (VP has (VP succeeded (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ the government) (VP has (VP failed (ADVP-LOC *T*-1)))))))) : (S (NP-SBJ He) (VP has (VP made (S (S-NOM-SBJ (NP-SBJ *) (VP speaking (NP Filipino))) (ADJP-PRD respectable))))) .)) (TOP (S (NP-SBJ (NP The (ADJP 6 1) turtle) , (NP Pong Pagong) ,) (VP is (NP-PRD (NP a character) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP stars (PP-LOC in (NP (NP the children 's) television show `` (NX-TTL Batibot)))))))) . '')) (TOP (S (NP-SBJ He) (VP speaks (ADVP only) (PP-MNR in (NP Filipino))) .)) (TOP (S (NP-SBJ `` (NP-TTL Batibot) , '' (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP started (PP-TMP in (NP 1983)) (PP-MNR as (NP (NP a hybrid) (PP of (NP the U.S. program `` (NX-TTL Sesame Street)))))))) , '') (VP has (VP developed (PP-CLR into (NP a (ADJP distinctly Philippine) effort)))) .)) (TOP (S (NP-SBJ Radio programs and books) (VP have (VP followed (NP the daily television show))) .)) (TOP (S (PP-LOC In (NP the process)) , (NP-SBJ `` (NP-TTL Batibot) , '' (NP (NP an archaic Filipino word) (VP meaning (ADJP `` (ADJP strong) '' or `` (ADJP enduring)))) , '') (VP has (VP become (NP-PRD (NP a powerful advocate) (PP of (NP (NP the use) (PP of (NP the Filipino language))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP impresses (PP-CLR on (NP ordinary , young Filipinos)) (SBAR that (S (NP-SBJ there) (VP 's (NP-PRD (NP nothing) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP feel (ADJP-PRD inferior) (PP about (NP *T*-1))))))) (PP in (S-NOM (NP-SBJ *) (VP using (NP their own language))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Randy David) , (NP a (NX (NX sociologist) and (NX (NX host) (PP of (NP a popular television talk show)))))) .)) (TOP (SINV `` (S-TPC-3 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ we) (VP started (NP the program) (ADVP-TMP (NP six years) ago) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 (NP the use) (PP of (NP Filipino))) (VP was (VP deemed (S (NP-SBJ *-2) (ADJP-PRD unwise)) (PP by (NP-LGS the (ADJP predominantly middle) class))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Lydia Brown) , (NP (NP the program 's) creator)) .)) (TOP (S-1 (ADVP-TMP Now) (PRN , (S (NP-SBJ she) (VP says (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ it) (VP 's (ADVP-TMP no longer) (NP-PRD an issue)) . '')) (TOP (S (NP-SBJ (NP The success) (PP of `` (NP-TTL Batibot) '')) (VP stands (PP in (NP (NP marked contrast) (PP to (NP many (UCP academic and government) attempts (S (NP-SBJ *) (VP to (VP promote (NP Filipino) (PP-CLR as (NP a national language)))))))))) .)) (TOP (S (NP-SBJ (NP Filipino) (PRN -- (VP (ADVP-TMP once) known (NP *) (PP-CLR as (NP Pilipino))) --)) (VP is (ADVP predominantly) (NP-PRD (NP Tagalog) , (NP (NP the Malay-based language) (VP spoken (NP *) (PP-LOC in (NP (NP a part) (PP of (NP (NP (NP the country 's) principal island) (PP of (NP Luzon)))))))))) .)) (TOP (S (NP-SBJ (NP Resistance) (PP to (NP a national language))) (VP comes (ADVP primarily) (PP-DIR from (NP (NP members) (PP of (NP (NP the country 's) elite)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP generally) (VP prefer (NP English))))))) .)) (TOP (SINV (S-TPC-3 But (SBAR-ADV while (S (NP-SBJ-1 better-off Filipinos) (VP are (ADJP-PRD quick (S (NP-SBJ *-1) (VP to (VP cite (NP (NP the logic) (PP in (S-NOM (NP-SBJ *) (VP using (NP (NP a language) (ADJP (ADJP as widespread) (PP as (NP English))))))))))))))) , (NP-SBJ-2 they) (VP are (ADVP-TMP often) (ADJP-PRD slow (S (NP-SBJ *-2) (VP to (VP reveal (SBAR that (S (NP-SBJ they) (VP are (ADJP-PRD prejudiced (PP against (NP Filipino)))))))))))) , (VP say (SBAR 0 (S *T*-3))) (NP-SBJ (NP advocates) (PP of (NP the native language))) .)) (TOP (SINV `` (S-TPC-1 (PP For (NP the middle and upper-middle class)) *LCB* (NP-SBJ Filipino) *RCB* (VP is (ADJP-PRD declasse))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Bien Lumbera) , (NP (NP a Philippine-studies professor) (PP-LOC at (NP (NP (NP Quezon City 's) University) (PP of (NP the Philippines)))))) .)) (TOP (S (NP-SBJ There) (VP 's (ADVP also) (NP-PRD resentment)) .)) (TOP (S (NP-SBJ (NP Other opponents) (PP of (NP Filipino))) (VP come (PP-DIR from (NP non-Tagalog regions))) .)) (TOP (S (NP-SBJ They) (VP argue (SBAR that (S (NP-SBJ their own languages) (VP should (VP have (NP equal weight))))) , (SBAR-ADV although (S (NP-SBJ recent surveys) (VP indicate (SBAR that (S (NP-SBJ (NP the majority) (PP of (NP (NP the country 's) population))) (VP understands (NP Filipino) (ADVP (ADVP more) (PP than (NP any other language)))))))))) .)) (TOP (S *LRB* (NP-SBJ There) (VP are (NP-PRD (NP seven major languages) and (NP (QP more than 70) dialects)) (PP-LOC in (NP the country))) . *RRB*)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What tongue) (S (NP-SBJ *) (VP to (VP speak (NP *T*-1))))) (VP is (NP-PRD an emotional mine field) (PP-LOC in (NP the Philippines))) .)) (TOP (S (NP-SBJ-1 It) (VP is (VP entrenched (NP *-1) (PP-LOC-CLR (PP in (NP (NP (NP the country 's) colonial bonds) (PP to (NP the U.S.)))) , (PP in (NP Philippine class structure)) , (PP in (NP (NP the regional loyalties) (PP of (NP its people)))) and (PP in (NP its island geography))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ they) (VP did (VP *?* (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the Philippines) (VP was (NP-PRD (NP a colony) (PP of (NP the U.S.))) (ADVP-TMP *T*-1)))))))) , (NP-SBJ teachers) (PP for (NP the most part)) (VP teach (PP-MNR in (NP English)) , (SBAR-ADV even though (S (NP-SBJ it) (VP is (NP-PRD a foreign language) (PP for (NP most Philippine children)))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ they) (ADVP-TMP often) (VP (VP speak (NP-1 one language) (PP-LOC-2 at (NP home))) , (VP (NP=1 another) (PP-LOC=2 at (NP school)))) .)) (TOP (S (NP-SBJ Mrs. Brown) (VP calls (S (NP-SBJ (NP the modern-day cultural ambivalence) (PP to (NP Filipino))) (NP-PRD a `` language schizophrenia))) . '')) (TOP (S (NP-SBJ The issue) (VP has (VP been (VP simmering (PP-TMP for (NP years))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP does n't (VP take (NP much) (S-1 (NP-SBJ *) (VP to (VP provoke (NP an intense debate)))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ (NP President Corazon Aquino) , (SBAR (WHNP-1 (WHNP whose command) (PP of (NP Filipino))) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD spotty)))) ,) (VP announced (NP-TMP last year) (SBAR that (S (NP-SBJ the language) (VP would (VP be (VP used (NP *) (PP-LOC in (NP official communications))))))) (ADVP-TMP *T*-2)))) , (NP-SBJ there) (VP was (NP-PRD (NP an uproar) (PP from (NP (NP many legislators) , (SBAR (WHNP-3 who) (S (NP-SBJ-4 *T*-3) (VP continue (S (NP-SBJ *-4) (VP to (VP conduct (NP debates) (PP-MNR (ADVP mostly) in (NP English)))))))))))) .)) (TOP (S But (NP-SBJ (NP many proponents) (PP of (NP Filipino))) (VP see (S (NP-SBJ (NP resistance) (PP to (NP the language))) (ADVP finally) (VP crumbling))) .)) (TOP (S (NP-SBJ They) (VP believe (S (NP-SBJ (NP the media) , (PP including `` (NP-TTL Batibot)) , '') (VP have (VP played (NP a crucial role))))) .)) (TOP (S (PP According (PP to (NP chief scriptwriter Rene Villanueva))) , `` (NP-TTL-SBJ-1 Batibot) '' (VP does n't (VP set (PRT out) (S (NP-SBJ *-1) (VP to (VP advance (NP (NP the cause) (PP of (NP Filipino)))))))) .)) (TOP (S-1 `` (S (NP-SBJ It) (VP 's not (SBAR-PRD as if (S (NP-SBJ we) (VP 're (VP teaching (NP language) (ADVP per se))))))) , '' (PRN (S (NP-SBJ he) (VP says (S *T*-1)))) , `` (S (NP-SBJ We) (VP 're (ADVP just) (VP using (NP it)))) . '')) (TOP (S (NP-TMP These days) , `` (NP-TTL-SBJ-1 Batibot) '' (VP is (VP produced (NP *-1) (PP-LOC in (NP a converted lumberyard)) (PP on (NP (NP a shoestring budget) (PP of (NP (NP $ 3,000 *U*) (NP-ADV a one-hour segment))))))) .)) (TOP (S (NP-SBJ-1 It) (VP is (VP shown (NP *-1) (NP-TMP weekdays) (PP-LOC on (NP (NP two) (PP of (NP (NP the country 's) five networks)))))) .)) (TOP (S (PP With (NP (NP an audience) (VP totaling (NP (QP more than 400,000))))) , `` (NP-TTL-SBJ Batibot) '' (ADVP consistently) (VP ranks (PP-LOC-CLR in (NP (NP the country 's) top-four most-watched daytime programs))) .)) (TOP (S But (NP-SBJ advertising revenue) (VP is (ADJP-PRD inadequate)) .)) (TOP (S (ADVP-TMP Periodically) , (NP-SBJ there) (VP are (NP-PRD threats (SBAR that (S (NP-SBJ the program) (VP will (VP fold)))))) .)) (TOP (S `` (NP-TTL-SBJ Batibot) '' (VP lacks (NP (NP the polish) (PP of `` (NP-TTL Sesame Street)))) . '')) (TOP (S (NP-SBJ Sound stages) (VP echo) .)) (TOP (S (NP-SBJ Acting) (ADVP-TMP sometimes) (VP falls (ADJP-CLR flat)) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (NP (QP only two) large puppets) (PP-LOC in (NP the program))) : (NP (NP Pong Pagong) and (NP (NP a monkey) (VP named (NP Kiko Matsing)))))) .)) (TOP (S But (NP-SBJ the production) (VP is (NP-PRD (NP the equal) (PP of (NP any local program)))) .)) (TOP (S And (NP-SBJ (NP the show 's) creativity) (VP makes (PRT up) (PP-CLR for (NP any technological deficiencies))) .)) (TOP (S (NP-SBJ-1 The program) (VP is n't (ADJP-PRD afraid (S (NP-SBJ *-1) (VP to (VP tackle (NP (NP controversial topics) (PP such as (NP (NP nuclear weapons) and (NP the environment))))))))) .)) (TOP (FRAG Not (SBAR that (S (NP-SBJ-1 the language war) (VP is (VP won (NP *-1))))) , (PP-LOC (ADVP even) on `` (NP-TTL Batibot)) . '')) (TOP (S (PP-TMP During (NP one recent episode)) , (NP-SBJ all the advertisements) (VP were (PP-PRD in (NP English))) .)) (TOP (S (NP-SBJ CMS ENERGY Corp.) (VP said (SBAR 0 (S (NP-SBJ management) (VP would (VP recommend (PP-CLR to (NP its board)) (NP-TMP today) (SBAR that (S (NP-SBJ-1 its common stock dividend) (VP be (VP reinstated (NP *-1) (PP-CLR at (NP a `` modest level '')) (NP-TMP later this year)))))))))) .)) (TOP (S (NP-SBJ-1 The (NAC-LOC Dearborn , Mich. ,) energy company) (VP stopped (S (NP-SBJ *-1) (VP paying (NP a dividend))) (PP-TMP in (NP (NP the third quarter) (PP of (NP 1984)))) (PP-PRP because of (NP (NP troubles) (PP-LOC at (NP its Midland nuclear plant))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ CMS) (VP reported (NP (NP third-quarter net) (PP of (NP (NP (NP (QP $ 68.2 million) *U*) , or (NP (NP 83 cents) (NP-ADV a share))) , (ADVP up (PP from (NP (NP (QP $ 66.8 million) *U*) , or (NP (NP 81 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) ago))))))) .) ) (TOP (S (NP-SBJ (NP HEALTHDYNE Inc.) , (NP-LOC Atlanta) ,) (VP said (SBAR 0 (S (NP-SBJ (NP its subsidiary) , (NP Home Nutritional Services Inc.) ,) (VP registered (PP-CLR with (NP the Securities and Exchange Commission)) (NP (NP an initial public offering) (PP of (NP (NP (QP four million) shares) (PP of (NP common))))))))) .) ) (TOP (S (NP-SBJ The in-home health care services provider) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP sell (NP (NP (QP 1.8 million)) (PP of (NP the new shares))) , (SBAR-ADV while (S (NP-SBJ Home Nutritional Services) (VP will (VP sell (NP the remaining (QP 2.2 million))))))))))) .)) (TOP (S (NP-SBJ The company) (VP estimates (NP the offering price) (PP-CLR at (NP (NP (QP between $ 14 and $ 16) *U*) (NP-ADV a share)))) .) ) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ-2 *-1) (VP to (VP use (NP the proceeds) (UCP-CLR (S (NP-SBJ *-2) (VP to (VP repay (NP certain bank debt)))) and (PP for (NP (NP general corporate purposes) , (PP including (NP (S-NOM (NP-SBJ *) (VP establishing (NP new operating centers))) and (NP possible acquisitions))))))))))))) .)) (TOP (S (NP-SBJ Home Nutritional) (ADVP-TMP currently) (VP has (NP (NP (QP 10 million) shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ It) (VP will (VP have (NP (NP (QP 11.8 million) shares) (ADJP outstanding)) (PP-TMP after (NP the offering)) , (PP with (S-NOM (NP-SBJ Healthdyne) (VP owning (NP (NP (QP about 65) %) (PP of (NP the total)))))))) .)) (TOP (S (NP-SBJ Black & Decker Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP its Bostik chemical adhesives unit) (PP-DTV to (NP (NP Orkem S.A.) , (NP a French chemical company) ,)) (PP-CLR for (NP (QP $ 345 million) *U*))))))))) .)) (TOP (S (NP-SBJ Bostik) (VP is (NP-PRD (NP the first Emhart Corp. unit) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP be (VP sold (NP *-2) (PP as (NP (NP part) (PP of (NP (NP the power-tool manufacturer 's) effort (S (NP-SBJ *) (VP to (VP (VP reduce (NP debt)) and (VP consolidate (NP operations)) (SBAR-TMP after (S (NP-SBJ it) (VP acquired (NP Emhart) (NP-TMP earlier this year)))))))))))))))))) .)) (TOP (S (NP-SBJ Black & Decker) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP put (NP other Emhart units) (PP-PUT on (NP the block)) (PP-TMP in (NP the future)) , (PP with (NP (NP the goal) (PP of (S-NOM (NP-SBJ *) (VP raising (NP (NP (QP $ 1 billion) *U*) (PP in (NP net proceeds))))))))))))))) .)) (TOP (S (NP-SBJ-1 Black & Decker) (VP rescued (NP Emhart) (PP-CLR from (NP (NP the takeover bid) (PP of (NP Topper Limited Partnership)))) (NP-TMP last March) (PP-MNR by (S-NOM (NP-SBJ-2 *-1) (VP agreeing (S (NP-SBJ *-2) (VP to (VP acquire (NP (NP the maker) (PP of (NP (NP door locks) and (NP gardening tools)))) (PP-CLR for (NP (QP about $ 2.8 billion) *U*))))))))) .)) (TOP (S (NP-SBJ The move) (VP (VP (ADVP significantly) expanded (NP (NP Black & Decker 's) product line)) , but (ADVP also) (VP (ADVP significantly) increased (NP its debt load))) .)) (TOP (S (NP-SBJ The acquisition) (VP boosted (NP (NP (NP Black & Decker 's) ratio) (PP of (NP debt)) (PP to (NP total capital))) (PP-DIR to (NP (QP more than 80) %))) .)) (TOP (S (NP-SBJ Company officials) (VP have (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP plan (S (NP-SBJ *-1) (VP to (VP reduce (NP that ratio) (PP-DIR to (NP (QP less than 50) %)) (PP-TMP over (NP the next (QP 2 1/2) years)))))))))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ Black & Decker) (VP put (NP (NP three Emhart businesses) (NP *ICH*-1)) (PP-PUT on (NP the auction block)) : (NP-1 (NP the information and electronics segment) , (NP the Dynapert electrical assembly business) and (NP Mallory Capacitors))) .)) (TOP (S (NP-SBJ The three units) (VP had (NP (NP combined 1988 sales) (PP of (NP (QP about $ 904 million) *U*)))) .)) (TOP (S (NP-SBJ The three units) (VP contributed (NP (NP (QP about a third)) (PP of (NP (NP Emhart 's) total sales)))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Black & Decker) (VP had (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP sell (NP two other undisclosed Emhart operations) (SBAR-ADV if (S (NP-SBJ it) (VP received (NP the right price)))))))))) .)) (TOP (S (NP-SBJ Bostic) (VP is (NP-PRD (NP (NP one) (PP of (NP the (ADJP previously unnamed) units))) , and (NP (NP the first) (PP of (NP the five)) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP be (VP sold (NP *-2))))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP (VP is (ADVP still) (VP negotiating (NP (NP the sales) (PP of (NP the other four units))))) and (VP expects (S (NP-SBJ *-1) (VP to (VP announce (NP agreements) (PP-TMP by (NP (NP the end) (PP of (NP the year))))))))) .)) (TOP (S (NP-SBJ The five units) (VP generated (NP (NP (NP sales) (PP of (NP (QP about $ 1.3 billion) *U*))) (NP *ICH*-1)) (PP-TMP in (NP 1988)) , (NP-1 (NP (QP almost half)) (PP of (NP (NP Emhart 's) (ADJP (QP $ 2.3 billion) *U*) revenue)))) .)) (TOP (S (NP-SBJ Bostic) (VP posted (NP (NP 1988 sales) (PP of (NP (QP $ 255 million) *U*)))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ Our divestiture program) (VP is (PP-PRD on (NP schedule)))) , and (S (NP-SBJ we) (VP remain (ADJP-PRD confident (SBAR that (S (NP-SBJ we) (VP will (VP achieve (NP (NP our stated goal) (PP of (NP (NP (QP over $ 1 billion) *U*) (PP in (NP net proceeds))))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Nolan D. Archibald) , (NP (NP Black & Decker 's) (NX (NX president) and (NX chief executive officer))) ,) (PP-LOC in (NP a statement)) .)) (TOP (S (NP-SBJ The sales) (VP are (NP-PRD an attempt (S (NP-SBJ *) (VP to (VP quell (NP (NP investor concern) (PP about (NP (NP (NP Black & Decker 's) increased debt burden) (PP from (NP the Emhart purchase)))))))))) .)) (TOP (S (NP-SBJ (NP The company 's) stock) (VP plunged (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ it) (ADVP-TMP first) (VP announced (SBAR that (S (NP-SBJ-1 it) (VP planned (S (NP-SBJ *-1) (VP to (VP acquire (NP Emhart))))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (NP-SBJ The company) (VP maintains (SBAR that (S (NP-SBJ it) (VP does n't (VP expect (S (NP-SBJ Emhart) (VP to (VP contribute (PP-CLR to (NP earnings)) (PP-TMP for (NP about another 12 months)))))))))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ Black & Decker) (VP closed (PP-CLR at (NP $ 19.75 *U*)) (NP-TMP yesterday) , (ADVP down (NP 25 cents))) .)) (TOP (S (NP-SBJ The company) (VP did n't (VP announce (NP the sale) (PP-TMP until (PP after (NP (NP the close) (PP of (NP the market))))))) .)) (TOP (S (NP-VOC Dick Darman) , (NP-SBJ *) (VP call (NP your office)) .)) (TOP (SINV (VP-TPC-1 Embedded (NP *-2) (PP-CLR in (NP (NP the `` budget '') (VP being (VP concocted (NP *) (PP by (NP-LGS the House-Senate conference committee))))))) (VP is (VP *T*-1)) (NP-SBJ-2 (NP something) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP looks , smells and waddles (PP-MNR like (NP a duck)))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP a nuisance tax) (PP on (NP mergers)))) .)) (TOP (S (NP-SBJ-1 Congress) (VP has (VP decided (S (NP-SBJ-2 *-1) (VP to (VP raise (NP (QP $ 40 million) *U*) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP charging (NP companies) (NP $ 20,000 *U*) (PP-CLR for (NP (NP the honor) (PP of (S-NOM (NP-SBJ *) (VP filing (NP (NP the required papers) (PP-LOC under (NP the Hart-Scott-Rodino law)))))))))))))))) .)) (TOP (S (PP-TMP Ever since (NP (NP the bad days) (PP of (NP (S-TTL (NP-SBJ Big) (VP is (ADJP-PRD Bad))) antitrust enforcement)))) , (NP-SBJ this law) (VP has (VP required (SBAR that (S (NP-SBJ (NP anyone) (VP proposing (NP a merger))) (VP must (VP make (NP (NP a filing) (VP describing (NP (NP the effects) (PP on (NP all relevant markets))))))))))) .)) (TOP (S (S (NP-SBJ-1 The Hart-Scott filing) (VP is (ADVP-TMP-2 then) (VP-3 reviewed (NP *-1)))) and (S (NP-SBJ=1-4 any antitrust concerns) (ADVP-TMP=2 usually) (VP=3 met (NP *-4))) .)) (TOP (S (ADVP Typically) , (NP-SBJ-1 Hart-Scott) (VP is (VP used (NP *-1) (ADVP-TMP now) (S-CLR (NP-SBJ *) (VP to (VP give (NP (NP managers) (PP of (NP target firms))) (NP (NP (NP early news) (PP of (NP a bid))) and (NP a chance (S (NP-SBJ *) (VP to (VP use (NP regulatory review) (PP-CLR as (NP a delaying tactic)))))))))))) .)) (TOP (S (NP-SBJ The (ADJP $ 20,000 *U*) tax) (VP would (VP be (NP-PRD (NP (NP a small cost) (PP-LOC in (NP a multibillion-dollar deal))) , but (NP (NP a serious drag) (PP on (NP (NP thousands) (PP of (NP small , friendly deals)))))))) .)) (TOP (S (NP-SBJ (NP One (ADJP especially dangerous) aspect) (PP to (NP the new tax))) (VP would (VP be (SBAR-PRD that (S (NP-SBJ-1 the proceeds) (VP will (VP be (VP used (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP increase (NP (NP the budgets) (PP of (NP (NP (NP the antitrust division) (PP-LOC at (NP Justice))) and (NP the Federal Trade Commission)))))))))))))) .)) (TOP (S (S (NP-SBJ This) (VP amounts (PP-CLR to (NP (NP a bounty) (PP for (NP regulators)))))) -- (S (X-ADV the more regulating) (X-ADV the more) (NP-SBJ-1 they) (VP get (S (NP-SBJ *-1) (VP to (VP keep (NP *?*)))))) .)) (TOP (S (ADVP Also) , (SBAR-ADV as (S (NP-SBJ former Reagan antitrust chief Charles Rule) (VP has (VP noted (SBAR 0 (S *?*)))))) , (NP-SBJ this) (VP would `` (VP establish (NP the precedent (SBAR that (S (NP-SBJ the government) (VP may (VP charge (NP parties) (PP-CLR for (NP (NP the privilege) (PP of (S-NOM (NP-SBJ-1 *) (VP being (VP sued (NP *-1))))))) (ADVP regardless (PP of (SBAR whether (S (NP-SBJ the government) (VP prevails)))))))))))) . '')) (TOP (NP Yet another opportunity (SBAR for (S (NP-SBJ President Bush) (VP to (VP respond , `` (S (NP-SBJ *) (VP Read (NP my lips))))))) .)) (TOP (NP Line-item veto .)) (TOP (S (NP-SBJ-1 (NP Michael Grobstein) , (ADJP (NP 46 years) old) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP vice chairman) (PP for (NP planning , marketing and industry services))) , (NP a new post))))) .)) (TOP (S (NP-SBJ Mr. Grobstein) (VP had (VP been (NP-PRD (NP a vice chairman) (PP of (NP (NP Ernst & Whinney) , (NP (NP an accounting firm) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP merged (PP-CLR with (NP rival Arthur Young)) (PP-TMP in (NP July)) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP form (NP (NP Ernst & Young) , (NP a major accounting , tax and management consulting firm)))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Mr. Grobstein 's) appointment) (VP formalizes (NP (NP a role) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP has (VP been (VP performing (NP *T*-1) (PP-PRP since (NP the merger)))))))))) , (NP-SBJ a spokeswoman) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Cie. de Navigation Mixte Chairman Marc Fournier) (VP said (SBAR 0 (S (NP-SBJ his board) (ADVP-MNR unanimously) (VP rejected (PP-CLR as (ADJP too low)) (NP (NP the (ADJP (QP $ 1.77 billion) *U*) bid (S *ICH*-1)) (PP by (NP Cie. Financiere de Paribas)) (S-1 (NP-SBJ *) (VP to (VP bring (NP (NP its stake) (PP-LOC in (NP Navigation Mixte))) (PP-DIR to (NP 66.7 %)))))))))) .)) (TOP (S (PP-LOC At (NP a news conference)) , (NP-SBJ Mr. Fournier) (VP accused (NP-1 Paribas) (PP-CLR of (S-NOM (NP-SBJ-2 *-1) (VP planning (S (NP-SBJ-3 *-2) (VP to (VP pay (PP-CLR for (NP the takeover)) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP selling (NP (NP parts) (PP of (NP (NP the company) , (SBAR (WHNP-4 whose interests) (S (NP-SBJ *T*-4) (VP include (NP (NP insurance) , (NP banking) , (NP tuna canning) , (NP sugar) and (NP orange juice)))))))))))))))))) .)) (TOP (S (NP-SBJ The chairman) (VP said (SBAR 0 (S (NP-SBJ (NP his board members) , (PP including (NP (NP representatives) (PP of (NP (NP West German insurance giant Allianz AG) and (NP French banks Credit Lyonnais and Societe Generale))))) ,) (VP hold (NP (NP (QP nearly 50) %) (PP of (NP (NP Navigation Mixte 's) capital))))))) .)) (TOP (S (NP-SBJ Mr. Fournier) (VP said (SBAR that (S (PP as (NP Navigation Mixte chairman)) , (NP-SBJ-1 he) (VP is (VP prohibited (NP-2 *-1) (PP by (NP-LGS takeover regulations)) (PP from (S-NOM (NP-SBJ *-2) (VP (VP organizing (NP his own defense)) or (VP doing (NP (NP anything) (PP besides (S-NOM (NP-SBJ *) (VP managing (NP current company business)))))))))))))) .)) (TOP (S But (NP-SBJ sources) (VP said (SBAR 0 (S (NP-SBJ he) (VP will (VP be (VP urging (NP-1 his allies) (S (NP-SBJ *-1) (VP to (VP boost (NP (NP their stakes) (PP-LOC in (NP (NP Navigation Mixte) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP (VP is (VP being (VP traded (NP *-3) (PP-LOC in (NP London))))) and (VP is (S (NP-SBJ-4 *-3) (VP to (VP resume (S (NP-SBJ *-4) (VP trading (PP-LOC in (NP Paris)))) (NP-TMP Tuesday)))))))))))))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 he) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP seek (NP (NP (ADJP legal and regulatory) means) (PP of (S-NOM (NP-SBJ *) (VP blocking or delaying (NP (NP Paribas 's) bid)))))))))) .)) (TOP (S-2 (PP-TMP For (NP the moment)) (PRN , (S (NP-SBJ the sources) (VP said (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-1 he) (VP has (VP decided (PP-CLR against (S-NOM (NP-SBJ *-1) (VP (VP seeking (NP a white knight)) or (VP organizing (NP (NP a counterbid) (PP for (NP Paribas))))))))) .)) (TOP (S (NP-SBJ Mr. Fournier) (VP said (SBAR 0 (S (NP-SBJ-1 (NP Navigation Mixte 's) 1989 (ADJP unconsolidated , or parent-company ,) profit) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP (QP 4.7 billion) francs) (PRN *LRB* (NP (QP $ 754.4 million) *U*) *RRB*)) , (ADVP up (PP from (NP (QP 633.8 million) francs) (NP-TMP last year))))))))))) .)) (TOP (S (NP-SBJ That) (VP is (ADJP-PRD due (PP (ADVP mostly) to (NP (NP payments) (PP from (NP Allianz)) (PP for (NP (NP most) (PP of (NP (NP the (ADJP 50 %) stake) (SBAR (WHNP-2 0) (S (NP-SBJ-1 it) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP *T*-2)))))))) (PP-LOC in (NP (NP Navigation Mixte 's) insurance business)))))))))) .)) (TOP (S (NP-SBJ Mr. Fournier) (VP said (SBAR 0 (S (NP-SBJ the exceptional gain) (VP would (VP mean (NP (NP (ADJP (QP nearly twice) as high) a dividend) (PP *ICH*-1)) (NP-TMP this year) (PP-1 as (NP last))))))) .)) (TOP (S-2 (SBAR-ADV If (S (NP-SBJ-1 holders) (VP avoid (S (NP-SBJ *-1) (VP tendering (PP-CLR to (NP Paribas))))))) , (PRN (S (NP-SBJ he) (VP added (SBAR 0 (S *T*-2)))) ,) (NP-SBJ they) (VP can (VP expect (NP (NP strong dividends) (ADVP again) (NP-TMP next year)))) .)) (TOP (S (NP-SBJ Analysts) (VP noted (SBAR that (S (PP-TMP over (NP the past 20 years)) , (NP-SBJ Mr. Fournier) (VP (VP has (VP built (NP his company) (PP-MNR through (NP astute stock-market activity)))) and (VP has (VP warded (PRT off) (NP (QP at least three) takeover attempts))))))) .)) (TOP (S (NP-TMP This time) , (ADVP however) , (NP-SBJ some analysts) (VP think (SBAR 0 (S (NP-SBJ he) (VP could (VP face (NP a real battle)))))) .)) (TOP (SINV `` (S-TPC-2 (PP Without (NP some unexpected `` coup de theatre '')) , (NP-SBJ I) (VP do n't (VP see (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP will (VP block (NP the Paribas bid)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Philippe de Cholet) , (NP (NP analyst) (PP-LOC at (NP the brokerage Cholet-Dupont & Cie)))) .)) (TOP (S (NP-SBJ Mr. de Cholet) (VP said (SBAR 0 (S (NP-SBJ (NP Mr. Fournier 's) biggest hope) (VP was (S-PRD (NP-SBJ *) (VP to (ADVP-MNR somehow) (VP persuade (NP-2 regulatory authorities) (S (NP-SBJ *-2) (VP to (VP block (NP the bid))))))))))) .)) (TOP (S (S (NP-SBJ Paribas) (ADVP still) (VP needs (NP (NP the go-ahead) (PP from (NP (NP the Commission des Operations de Bourse) , (NP a government regulatory agency)))))) , but (S (NP-SBJ analysts) (VP said (SBAR 0 (S (NP-SBJ-1 that) (VP is (VP considered (S (NP-SBJ *-1) (ADJP-PRD likely)))))))) .)) (TOP (S (NP-SBJ Mr. Fournier) (ADVP also) (VP (VP noted (SBAR that (S (NP-SBJ Navigation Mixte) (VP joined (NP (NP (NP Paribas 's) core) (PP of (NP shareholders))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 Paribas) (VP was (VP denationalized (NP *-1) (PP-TMP in (NP 1987)) (ADVP-TMP *T*-2))))))))) , and (VP said (SBAR 0 (S (NP-SBJ it) (ADVP-TMP now) (VP holds (NP (NP (QP just under 5) %) (PP of (NP (NP Paribas 's) shares)))))))) .)) (TOP (S-2 (SBAR-TMP (SBAR Once (S (NP-SBJ he) (VP realized (SBAR that (S (NP-SBJ (NP Paribas 's) intentions) (VP were n't (ADJP-PRD friendly))))))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) but (SBAR before (S (NP-SBJ-1 the bid) (VP was (VP launched (NP *-1)))))) , (NP-SBJ he) (VP sought (NP approval (S (NP-SBJ *) (VP to (VP boost (NP his Paribas stake) (PP-DIR above (NP 10 %))))))) .)) (TOP (S (S (NP-SBJ The petition) (VP is (ADVP still) (ADJP-PRD pending))) , but (S (NP-SBJ Mr. Fournier) (VP downplayed (NP (NP the likelihood) (PP of (S-NOM (NP-SBJ his) (VP organizing (NP (NP a takeover bid) (PP of (NP his own)) (PP for (NP the much-larger Paribas))))))))) .)) (TOP (S (NP-SBJ One big question) (ADVP-TMP now) (VP is (NP-PRD (NP the likely role) (PP of (NP (NP Mr. Fournier 's) allies)))) .)) (TOP (S (S (NP-SBJ Mr. Fournier) (VP said (SBAR 0 (S (NP-SBJ (NP the large institutions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP hold (NP (NP (QP nearly 50) %) (PP of (NP (NP Navigation Mixte 's) capital))))))) all (ADVP-MNR strongly) (VP support (NP him)))))) , but (S (NP-SBJ some analysts) (VP said (SBAR 0 (S (NP-SBJ they) (VP are n't (ADJP-PRD so sure)))))) .)) (TOP (S (NP-SBJ Allianz) , (PP for (NP example)) , (VP has (VP said (PP-LOC in (NP official comments)) (ADVP-TMP so far) (SBAR that (S (NP-SBJ it) (VP will (VP remain (ADJP-PRD neutral))))))) .)) (TOP (S (NP-SBJ Paribas) (VP is (NP-PRD (NP Allianz 's) lead French bank)) .)) (TOP (S (NP-SBJ Paribas) (VP said (NP-TMP Monday) (SBAR that (S (NP-SBJ-1 it) (VP intends (S (NP-SBJ-2 *-1) (VP to (VP bid (S-PRP-CLR (NP-SBJ *-2) (VP to (VP boost (NP (NP its stake) (PP-LOC in (NP Navigation Mixte))) (PP-DIR to (NP 66.7 %)) , (PP-DIR from (NP (NP the 18.7 %) (SBAR (WHNP-3 0) (S (NP-SBJ it) (ADVP-TMP already) (VP owns (NP *T*-3)))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The purchase) (PP of (NP the additional (ADJP 48 %) stake))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP cost (NP (NP (QP more than 11 billion) francs) (PRN *LRB* (NP (QP $ 1.77 billion) *U*) *RRB*))))))) .)) (TOP (S (NP-SBJ Paribas) (VP says (SBAR 0 (S (NP-SBJ it) (VP will (VP (VP offer (NP-2 (NP 1,850 francs) (PRN *LRB* (NP $ 296.95 *U*) *RRB*) (NP-ADV each)) (PP-CLR-3 for (NP (NP Navigation Mixte shares) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP enjoy (NP full dividend rights))))))) , and (VP (NP=2 (NP 1,800 francs) (NP-ADV each)) (PP-CLR=3 for (NP (NP a block) (PP of (NP shares)) (VP issued (NP *) (NP-TMP July 1)) , (SBAR (WHNP-4 which) (S (NP-SBJ *T*-4) (VP will (VP receive (NP (ADJP only partial) dividends) (NP-TMP this year))))))))))))) .)) (TOP (S (ADVP Alternatively) , (NP-SBJ-1 it) (VP is (S (NP-SBJ *-1) (VP to (VP offer (NP three Paribas shares) (PP-CLR for (NP one Navigation Mixte share)))))) .)) (TOP (S (NP-SBJ The Paribas offer) (VP values (NP Navigation Mixte) (PP-CLR at (NP (QP about 23 billion) francs)) , (PP depending (PP on (SBAR-NOM (WHNP-1 (WHNP how many) (PP of (NP (NP Navigation Mixte 's) warrants))) (S (NP-SBJ-2 *T*-1) (VP are (VP converted (NP *-2) (PP-CLR into (NP shares)) (PP-TMP during (NP the takeover battle))))))))) .)) (TOP (S (NP-SBJ BLOCKBUSTER ENTERTAINMENT CORP.) (VP said (SBAR 0 (S (NP-SBJ it) (VP raised (NP (QP $ 92 million) *U*) (PP-CLR from (NP (NP an offering) (PP of (NP liquid yield option notes)))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-2 (NP The gross proceeds) (PP from (NP (NP the sale) (PP of (NP (NP the notes) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP be (ADJP-PRD due (PP-TMP on (NP Nov. 1 , 2004))))))) ,))))) (VP will (VP be (VP used (NP *-2) (UCP-CLR (S (NP-SBJ *) (VP to (VP reduce (NP existing debt)))) and (PP for (NP general corporate purposes))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-1 The debt reduction) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP save (NP the (NAC-LOC Fort Lauderdale , Fla.) home video concern) (NP (NP (QP about $ 2 million) *U*) (NP-ADV a year) (PP in (NP interest expense)))))))) .) ) (TOP (S (NP-SBJ The zero-coupon subordinated notes) (VP have (NP no periodic interest payments)) .)) (TOP (S (NP-SBJ-1 Each note) (VP is (VP being (VP offered (NP *-1) (PP-CLR at (NP (NP $ 308.32 *U*) (PP per (NP (ADJP $ 1,000 *U*) principal amount)) (PP at (NP maturity)))) , (S-ADV (NP-SBJ *) (VP representing (NP (NP an 8 % yield) (PP to (NP maturity)))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 each note) (VP can (VP be (VP converted (NP *-1) (PP-CLR into (NP Blockbuster Entertainment common stock)) (PP-CLR at (NP (NP a rate) (PP of (NP (NP 13.851 shares) (PP per (NP note))))))))) .)) (TOP (S (NP-SBJ Merrill Lynch Capital Markets Inc.) (VP is (NP-PRD (NP the sole underwriter) (PP for (NP the offering)))) .)) (TOP (S (NP-SBJ The notes) (VP will (VP have (NP (NP a principal amount) (PP of (NP (QP $ 300 million) *U*))) (PP-TMP at (NP maturity)))) .)) (TOP (S (NP-SBJ Blockbuster shares) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 18.75 *U*)) , (ADVP down (NP $ 1.125 *U*)) , (PP-LOC in (NP New York Stock Exchange trading))) .)) (TOP (S (NP-SBJ The 1986 Tax Reform Act) (VP has (ADVP nearly) (VP eliminated (NP (NP the number) (PP of (NP large , profitable corporations)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do n't (VP pay (NP federal income tax)))))) , (PP according (PP to (NP (NP (NP Citizens) (PP for (NP Tax Justice))) , (NP a nonprofit , labor-funded research and lobbying group)))))) .) ) (TOP (S (PP-LOC In (NP (NP a study) (PP of (NP (NP 250) (PP of (NP (NP the nation 's) richest companies)))))) , (NP-SBJ the group) (VP found (SBAR that (S (NP-SBJ-1 (QP only seven)) (VP managed (S (NP-SBJ-2 *-1) (VP to (VP avoid (S (NP-SBJ *-2) (VP paying (NP federal income taxes)))))) (NP-TMP last year) (PP compared (PP with (FRAG (FRAG (NP-SBJ 40) (PP-TMP in (NP (NP 1986) , (NP (NP the last year) (SBAR (WHADVP-3 0) (S (NP-SBJ the old tax rules) (VP were (PP-PRD in (NP effect)) (ADVP-TMP *T*-3)))))))) , and (FRAG (NP-SBJ 16) (PP-TMP in (NP (NP 1987) , (SBAR (WHADVP when) (S (NP-SBJ (NP some) (PP of (NP the new tax provisions))) (VP went (PP into (NP effect))))))))))))))) .) ) (TOP (S (ADVP Moreover) , (NP-SBJ-2 (NP 41 companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP paid (NP no federal income tax) (PP-TMP (PP from (NP 1981)) (PP through (NP 1985))) (PRN -- (PP despite (NP (NP billions) (PP of (NP (NP dollars) (PP of (NP profits)))))) --))))) (VP ended (PRT up) (S (NP-SBJ *-2) (VP paying (NP (NP an average) (PP of (NP (NP 27.9 %) (PP of (NP their income))))) (PP in (NP federal taxes)) (PP-TMP in (NP 1988))))) .)) (TOP (S (NP-SBJ The report) , (S-ADV (NP-SBJ-1 *) (VP released (NP *-1) (NP-TMP yesterday))) , (VP comes (SBAR-TMP as (S (NP-SBJ Congress) (VP is (VP considering (NP (NP a number) (PP of (NP special tax breaks))) (SBAR-TMP (NP-ADV (QP only three) years) after (S (NP-SBJ the sweeping tax-revision legislation) (VP abolished or curtailed (NP many loopholes))))))))) .)) (TOP (S (PP-LOC In (NP the corporate realm)) , (NP-SBJ the 1986 law) (VP (VP abolished (NP the investment-tax credit)) , (VP scaled (PRT back) (NP (NP use) (PP of (NP (NP an accounting method) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP allowed (S (NP-SBJ large contractors) (VP to (VP defer (NP taxes) (SBAR-TMP until (S (NP-SBJ-1 a project) (VP was (VP completed (NP *-1))))))))))))))) and (VP strengthened (NP (NP the so-called alternative minimum tax) , (NP (NP a levy) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP ensure (SBAR 0 (S (NP-SBJ all money-making businesses) (VP pay (NP some federal tax)))))))))))) .) ) (TOP (S (NP-SBJ (NP The combination) (PP of (NP (NP lower rates) and (NP fewer loopholes)))) (VP has (VP meant (SBAR that (S (NP-SBJ (NP the so-called average effective tax rate) (PRN -- (NP (NP the rate) (VP (ADVP actually) paid (NP *))) --) (PP of (NP (NP the 250 corporations) (VP surveyed (NP *))))) (VP reached (NP 26.5 %) (PP-TMP in (NP 1988)) , (PP compared (PP with (FRAG (NP 14.3 %) (PP-TMP in (NP (NP the years) (PP (PP from (NP 1981)) (PP through (NP 1985))))))))))) , (PP according (PP to (NP the study))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ corporations) (VP are (ADVP-TMP now) (VP shouldering (NP (NP a bigger share) (PP of (NP the tax burden))) , (SBAR-ADV as (S (NP-SBJ (NP the authors) (PP of (NP the 1986 law))) (VP hoped))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Corporate taxes) (VP paid (PP-CLR for (NP (NP (QP almost 12) %) (PP of (NP federal spending)))) (PP-TMP in (NP 1988)) (PRN -- (PP excluding (NP Social Security)) --) (PP compared (PP with (FRAG (NP (QP less than 8) %) (PP-TMP in (NP (NP the first half) (PP of (NP the 1980s))))))))) , (NP-SBJ the study) (VP found (S *T*-1)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Tax reform) (VP is (VP working))) , '' (NP-SBJ the study) (VP said (S *T*-1)) .)) (TOP (S `` (PP-LOC Under (NP the new tax-reform law)) , (NP-SBJ (NP the days) (PP of (NP widespread , wholesale corporate tax avoidance))) (VP have (VP come (PP-DIR to (NP an end)))) . '')) (TOP (S (S-TPC-1 (ADVP Still) , (NP-SBJ (NP Kroger Co.) , (NP Pinnacle West Capital Corp.) , (NP CSX Corp.) , (NP Illinois Power Co.) , (NP Media General Inc.) , (NP Santa Fe Southern Pacific Corp.) and (NP Gulf States Utilities Co.) ,) (VP did n't (VP pay (NP any federal income tax last year) (SBAR-ADV although (S (NP-SBJ they) (VP garnered (NP (NP a total) (PP of (NP (NP (QP $ 1.2 billion) *U*) (PP in (NP profits))))))))))) , (NP-SBJ the group) (VP said (S *T*-1)) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ (NP six) (PP of (NP those companies))) (VP received (NP (NP refunds) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP totaled (NP (QP $ 120 million) *U*)))))) .)) (TOP (S (NP-SBJ-1 The lobbying group) (VP used (NP (ADJP publicly available) information) (S-CLR (NP-SBJ *-1) (VP to (VP calculate (NP (NP (NP each company 's) domestic profits) and (NP its federal income tax payments)))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP the fifth year) (SBAR (WHADVP-1 0) (S (NP-SBJ (NP Citizens) (PP for (NP Tax Justice))) (VP has (VP released (NP (NP a study) (PP on (NP corporate tax bills))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ (NP Earlier reports) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP revealed (SBAR that (S (NP-SBJ (QP as many as 73) companies) (VP were (VP avoiding (NP income tax) (ADVP-MNR legally)))))))) ,) (VP have (VP been (VP credited (NP-2 *) (PP-CLR with (S-NOM (NP-SBJ-3 *-2) (VP helping (S (NP-SBJ *-3) (VP galvanize (NP efforts (S (NP-SBJ *) (VP to (VP overhaul (NP the tax code))))))))))))) .)) (TOP (S (S-TPC-1 But (SBAR-ADV even though (S (NP-SBJ companies) (VP are (VP paying (NP more taxes))))) , (NP-SBJ many) (VP are (ADVP still) (VP paying (NP (NP less) (PP than (NP the statutory rate)))))) , (NP-SBJ the report) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S And (NP-SBJ 45 companies) (VP paid (NP (NP effective tax rates) (PP of (NP (NP (QP below 10) %) (PP of (NP their income)))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV While (S (NP-SBJ the overall picture) (VP is (ADJP-PRD very encouraging)))) , (NP-SBJ significant corporate tax avoidance) (VP continues)) , '' (NP-SBJ the study) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Glenn Hall) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ-1 (NP F. Gil Troutman) , (ADJP (NP-ADV 46 years) old) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD chief executive officer)))) .)) (TOP (S (NP-SBJ He) (VP (VP retains (NP (NP his titles) (PP of (NP (NP president) and (NP chief operating officer))))) and (VP succeeds (PP-CLR as (NP chief executive)) (NP (NP Howard O. Painter Jr.) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP remains (NP-PRD (NP chairman) (PP of (NP the board))))))))) .)) (TOP (S (NP-SBJ DSP) (VP makes (NP (NP electronic instrumentation) and (NP data acquisition systems))) .)) (TOP (S (PP In (NP (NP search) (PP of (NP (NP buyers) (PP for (NP (NP upscale department-store chains) (PP such as (NP (NP Bloomingdale 's) and (NP Saks Fifth Avenue))))))))) , (NP-SBJ investment bankers) (VP are (VP turning (PP to (PRN -- (FRAG who else) ?) (NP The Japanese)))) .)) (TOP (S But (ADVP-TMP so far) (NP-SBJ-1 (NP Japan 's) cash-rich retailers) (VP are (VP proving (S (NP-SBJ *-1) (VP to (VP be (NP-PRD cautious shoppers)))))) .)) (TOP (S `` (NP-SBJ We) (VP have (NP (NP the money) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP buy (ADVP-MNR *T*-1))))))) .)) (TOP (SINV (S-TPC-1 But (S-NOM-SBJ (NP-SBJ *) (VP operating (NP a U.S. department-store chain))) (VP would (VP be (ADJP-PRD very difficult)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Motoyuki Homma) , (NP (NP managing director) (PP of (NP (NP the international division) (PP-LOC at (NP (NP Mitsukoshi Ltd.) , (NP (NP one) (PP of (NP (NP Japan 's) leading department stores))))))))) .)) (TOP (S (NP-SBJ Japanese retail executives) (VP say (S (NP-SBJ (NP the main reason) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 they) (VP are (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP jump (PP-DIR into (NP the fray)) (PP-LOC in (NP the U.S.)))))) (ADVP-PRP *T*-2))))) (VP is (SBAR-PRD that (S (PRN -- (PP unlike (NP manufacturing)) --) (NP-SBJ retailing) (VP is (ADJP-PRD extremely sensitive (PP to (NP local cultures and life styles))))))))) .) ) (TOP (S (S (NP-SBJ The Japanese) (VP have (VP watched (S (NP-SBJ the Europeans and Canadians) (VP stumble (PP-LOC in (NP the U.S. market))))))) , and (S (NP-SBJ they) (VP fret (SBAR that (S (NP-SBJ (NP business practices) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP won (NP them) (NP huge profits) (PP-LOC at (NP home))))))) (VP wo n't (VP translate (PP-CLR into (NP (NP success) (PP-LOC in (NP the U.S)))))))))) .) ) (TOP (S (NP-SBJ-1 Japanese department stores) (VP are (ADVP also) (ADJP-PRD wary (PP of (S-NOM (NP-SBJ *-1) (VP attracting (NP negative publicity)))))) .)) (TOP (S (PP-TMP After (NP (NP (NP Sony Corp. 's) recent headline-grabbing acquisition) (PP of (NP Columbia Pictures)))) , (NP-SBJ many) (VP say (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP makes (NP good political sense) (S-1 (NP-SBJ *) (VP to (VP lie (ADVP-CLR low)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD (NP a question) (PP of (NP timing))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mayumi Takayama) , (NP (NP managing director) (PP of (NP international operations)) (PP-LOC at (NP (NP Isetan Co.) , (NP a Tokyo department store))))) .)) (TOP (S (ADVP Still) , (PP for (NP (NP those) (PP with (NP (NP a long-term eye) (PP on (NP the vast U.S. retail market)))))) , (NP-SBJ this) (VP is (NP-PRD (NP a tempting time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP look (PP-CLR for (NP bargains)) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ-1 (NP Britain 's) B.A.T Industries PLC) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP unwind (NP (NP its U.S. retailing operations) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP include (NP (NP such well-known stores) (PP as (NP (NP Saks Fifth Avenue) , (NP Marshall Field 's) , (NP Breuners) and (NP Ivey 's))))))))))))) .)) (TOP (S And (NP-SBJ (NP debt-ridden Campeau Corp.) (PP of (NP Toronto))) (VP is (VP giving (PRT up) (NP the 17-store (NP Bloomingdale 's) group))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Every department store) (PP-LOC in (NP Japan))) (VP is (VP taking (NP a look)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mike Allen) , (NP (NP a retail analyst) (PP-LOC at (NP (NP Barclay 's) de Zoete Wedd Securities (PRN *LRB* (NP-LOC Japan) *RRB*) Ltd)))) .)) (TOP (S (NP-SBJ Mr. Allen) , (ADVP however) , (VP does n't (VP think (SBAR that (S (NP-SBJ-1 Japan) (VP is (VP about (S (NP-SBJ *-1) (VP to (VP embark (PP-CLR on (NP a major buying binge))))))))))) .)) (TOP (S (ADVP Nonetheless) , (NP-SBJ speculation) (VP heated (PRT up) (NP-TMP yesterday) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ Tokyu Department Store Co.) (VP confirmed (NP (NP a report (SBAR *ICH*-1)) (PP-LOC in (NP (NP Nihon Keizai Shimbun) , (NP (NP Japan 's) leading business daily) ,)) (SBAR-1 that (S (NP-SBJ Tokyu) (VP is (VP talking (PP-CLR with (NP Campeau)) (PP-CLR about (S-NOM (NP-SBJ *) (VP buying (NP Bloomingdale 's))))))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (NP-SBJ Tokyu) , (ADVP however) , (VP said (SBAR 0 (S (NP-SBJ-1 no agreement) (VP had (VP been (VP reached (NP *-1))))))) .)) (TOP (SINV Nor is (NP-SBJ Tokyu) (NP-PRD (NP the only Japanese retailer) (ADJP interested (PP in (NP (NP Bloomingdale 's) , (SBAR (WHNP-1 which) (S (NP-SBJ (NP bankers) (PP-LOC in (NP Tokyo))) (VP estimate (SBAR 0 (S (NP-SBJ *T*-1) (VP could (VP cost (NP (QP between $ 1 billion and $ 1.5 billion) *U*)))))))))))) .) ) (TOP (S (S-TPC-2 (S (NP-SBJ-1 Seven Japanese department-store groups) (VP were (VP approached (NP *-1) (PP by (NP-LGS (NP investment bankers) (VP representing (NP (NP (NP Bloomingdale 's) chairman) , (NP Marvin Traub)))))))) , and (S (NP-SBJ (QP more than half)) (VP are (VP seeking (NP (NP additional information) (PP on (NP the group))))))) , (NP-SBJ bankers) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S-4 (SBAR-NOM-SBJ (WHNP-2 What) (S (NP-SBJ-1 Mr. Traub) (VP is (VP hoping (S (NP-SBJ *-1) (VP to (VP put (NP *T*-2) (ADVP-PUT together)))))))) (PRN , (S (NP-SBJ investment bankers) (VP say (S *T*-4))) ,) (VP is (NP-PRD (NP a management-led group) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP buy (NP (NP the New York department-store group) (SBAR (WHNP-5 that) (S (NP-SBJ he) (VP heads (NP *T*-5))))) (PP-CLR from (NP (NP Campeau 's) Federated Department Stores subsidiary)))))))) .)) (TOP (S (NP-SBJ Federated) (VP ran (PP-DIR into (NP a cash crunch)) (SBAR-TMP after (S (NP-SBJ-1 it) (VP was (VP acquired (NP *-1) (NP-TMP last year) (PP by (NP-LGS (NP Campeau) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP relied (ADVP-MNR heavily) (PP-CLR on (NP debt)) (S-PRP (NP-SBJ *-3) (VP to (VP finance (NP the transaction)))))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Paying (PRT off) (NP that debt))) (VP put (NP (NP such a squeeze) (SBAR *ICH*-2)) (PP-PUT on (NP (NP Campeau) and (NP its stores))) (SBAR-2 that (S (NP-SBJ-1 Federated) (VP decided (S (NP-SBJ *-1) (VP to (VP sell (PRT off) (NP (NP the jewels) (PP of (NP its retailing empire)) , (PP including (NP Bloomingdale 's)))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Hoping (S (NP-SBJ *-1) (VP to (VP avoid (NP another takeover)))))) , (NP-SBJ-2 Mr. Traub) (VP retained (S (NP-SBJ (NP Blackstone Group) and (NP Drexel Burnham Lambert Inc.)) (VP to (VP help (S (NP-SBJ him) (VP find (NP (NP partners) (PP for (NP a management-led buy-out))))))))) .)) (TOP (S-3 (ADVP Ideally) (PRN , (S (NP-SBJ investment bankers) (VP say (SBAR 0 (S *T*-3)))) ,) (NP-SBJ-1 he) (VP wants (S (NP-SBJ *-1) (VP to (VP get (NP (NP backing) (PP from (NP (NP a Japanese department store) and (NP a European department store))) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP forge (NP a global retailing network) (ADVP-MNR *T*-2)))))))))) .)) (TOP (SINV `` (S-TPC-5 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ you) (VP look (PP-CLR at (NP the economics)) (ADVP-TMP *T*-1)))) , (NP-SBJ-3 Traub) (VP needs (NP (NP a Japanese (NX *RNR*-2)) and (NP a European (NX *RNR*-2)) (NX-2 partner)) (S-PRP (NP-SBJ *-3) (VP to (VP make (S (NP-SBJ it) (VP work))))))) , '' (VP says (S *T*-5)) (NP-SBJ (NP one investment banker) (SBAR (WHNP-4 who) (S (NP-SBJ *T*-4) (VP follows (NP the retail industry))))) .) ) (TOP (S `` (S-NOM-SBJ (NP-SBJ *) (VP Looking (ADVP only) (PP-CLR at (NP a narrow American strategy)))) (VP is n't (SBAR-LOC-PRD (WHADVP-1 where) (S (NP-SBJ it) (VP 's (PP-LOC-PRD at (ADVP *T*-1)))))) . '')) (TOP (S (S-TPC-3 (S-NOM-SBJ-1 (NP-SBJ *) (VP Persuading (NP-2 tradition-bound Japanese retailers) (S (NP-SBJ *-2) (VP to (VP get (ADJP-PRD involved (PP in (NP (NP the turmoils) (PP of (NP the U.S. retailing industry)))))))))) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD so easy))))))) , (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (S (PP-TMP Up (PP until (ADVP now))) , (NP-SBJ most stores) (VP have (VP followed (NP the same basic overseas strategy))) :)) (TOP (S (ADVP-TMP First) (NP-SBJ they) (VP set (PRT up) (NP (NP overseas merchandising offices) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP (VP import (NP items)) and (VP track (NP new fashion trends)))))))) .)) (TOP (S (ADVP-TMP Then) (NP-SBJ they) (VP opened (NP (NP small gift shops) (VP (ADVP mostly) aimed (NP *) (PP at (NP Japanese tourists))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (ADJP-PRD Reluctant (S (NP-SBJ *-1) (VP to (VP advance (ADVP further) (PP-MNR on (NP their own))))))) , (NP-SBJ-2 some stores) (VP have (VP settled (PP-CLR for (NP (NP tie-ups) (PP with (NP famous specialty shops)))))) .)) (TOP (S (NP-TMP Last March) , (NP-SBJ Isetan) (VP invested (NP (NP (QP 1.5 billion) yen) *LRB* (NP (QP $ 10.6 million) *U*) *RRB*) (PP-CLR in (NP (NP a venture) (PP with (NP (NP (NP Barney 's) Inc.) , (NP an up-scale New York specialty clothier)))))) .)) (TOP (S (NP-SBJ-1 The first (NP Barney 's) shop) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP open (PP-LOC in (NP Japan)) (NP-TMP next year)))))) .)) (TOP (S And (NP-SBJ Mitsukoshi) (ADVP-TMP recently) (VP increased (NP (NP its equity stake) (PP-LOC in (NP Tiffany & Co.))) (PP-DIR to (NP 13 %))) .)) (TOP (S (PP-MNR Through (NP (NP the longstanding relationship) (PP between (NP the two companies)))) , (NP-SBJ Mitsukoshi) (VP has (VP opened (NP (NP 22 Tiffany shops) (PP-LOC in (NP (NP its stores and arcades) (PP-LOC in (NP Japan))))))) .)) (TOP (S (S (NP-SBJ Plans (S *ICH*-2)) (VP are (PP-PRD under (NP way)) (S-2 (NP-SBJ *) (VP to (VP open (NP (NP a (NP Tiffany 's)) (PP-LOC in (NP Hawaii)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP cater (PP-CLR to (NP Japanese tourists)))))))))))) ; (S (NP-SBJ-3 it) (VP will (VP be (VP run (NP *-3) (ADVP mostly) (PP by (NP-LGS Mitsukoshi)))))) .)) (TOP (S (NP-SBJ Some industry observers) (VP say (SBAR that (S (NP-SBJ (NP Mitsukoshi 's) classy image) (VP makes (S (NP-SBJ it) (NP-PRD (NP a possible match) (PP for (NP Saks Fifth Avenue)))))))) .) ) (TOP (S (NP-SBJ Company officials) (VP (VP say (SBAR 0 (S (NP-SBJ they) (VP are (VP studying (NP various proposals)))))) but (VP wo n't (VP discuss (NP details)))) .)) (TOP (S (NP-SBJ (NP Takashimaya Co.) , (NP (NP Japan 's) oldest department store) ,) (VP is (NP-PRD (NP another name) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP keeps (S (NP-SBJ *-2) (VP popping (PRT up) (PP-CLR as (NP (NP a potential fit) (PP with (NP Saks))))))))))) .) ) (TOP (S (NP-SBJ (NP Eiji Nakazato) , (NP a Takashimaya general manager) ,) (VP admits (SBAR (SBAR that (S (NP-SBJ (NP his company 's) image) (VP is (ADJP-PRD similar (PP to (NP Saks 's)))))) and (SBAR that (S (NP-SBJ there) (VP is (NP-PRD (NP some interest) (PP in (NP the idea)))))))) .)) (TOP (S But (NP-SBJ he) (VP stops (ADVP-LOC there)) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 We) (VP 'd (VP like (S (NP-SBJ *-1) (VP to (VP do (NP business) (PP-LOC in (NP America)))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S `` But (NP-SBJ it) (VP looks (ADJP-PRD tough)) . '')) (TOP (S (NP-SBJ Marcus W. Brauchli) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ-1 *) (VP Compiled (NP *-1) (PP by (NP-LGS William Mathewson)))) ) (TOP (S (NP-SBJ The Vatican) (VP was (PP-PRD in (NP the red)) (NP-TMP last year)) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ the regular 1988 deficit) (VP amounted (PP-CLR to (NP (QP $ 43.5 million) *U*)) , (PP based (PP on (NP (NP (NP revenue) (PP of (NP (QP $ 74.4 million) *U*))) and (NP (NP expenses) (PP of (NP (QP $ 117.9 million) *U*)))))))))) .)) (TOP (S But (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ (NP extraordinary expenditures) (PP for (NP (NP its radio station) and (NP (NP restoration) (PP of (NP buildings)))))) (VP increased (NP the deficit) (PP-DIR to (NP (QP $ 57.2 million) *U*)))))) .)) (TOP (S (NP-SBJ (NP A statement) (PP from (NP (NP the council) (PP of (NP cardinals))))) (VP said (SBAR 0 (S (NP-SBJ Catholics) (VP had (VP responded (ADVP-MNR generously) (PP-CLR to (NP (NP an appeal (S *ICH*-1)) (NP-TMP last year) (S-1 (NP-SBJ *) (VP to (VP give (NP more money)))))) (PP-TMP after (NP (NP 1987 's) record (ADJP (QP $ 63 million) *U*) deficit))))))) .)) (TOP (S (NP-SBJ The statement) (VP said (S (NP-SBJ-1 (NP a (ADJP 5 %) jump) (PP in (NP (NP the `` (NP Peter 's) Pence '' collection) (PRN -- (NP (NP the annual offering) (PP from (NP Catholics)) (PP to (NP the pope))) --)))) (VP helped (S (NP-SBJ *-1) (VP cover (NP the deficit)))))) .)) (TOP (S (NP-SBJ (NP Council member Cardinal Gerald Carter) (PP of (NP Toronto))) (VP told (NP Vatican Radio) : `` (S (ADVP-TMP Now (SBAR that (S (NP-SBJ we) (VP say (SBAR 0 (S (NP-SBJ we) (VP covered (NP our deficit) (NP-TMP this year)))))))) , (NP-SBJ-1 people) (VP are (VP going (S (NP-SBJ *-1) (VP to (VP (VP relax) and (VP say (SBAR 0 (S (S (INTJ well) (NP-SBJ that) (VP 's (ADJP-PRD fine))) , (S (NP-SBJ the Holy See) (VP is (PP-LOC-PRD out (PP of (NP the hole))))))))))))))) .)) (TOP (S But (NP-SBJ-1 we) (VP 're ... (VP going (S (NP-SBJ *-1) (VP to (VP be (PP-LOC-PRD in (NP the exact same situation)) (NP-TMP next year)))))) . '')) (TOP (S (S-TPC-2 (NP-SBJ-1 Former President Richard Nixon) (VP is (S (NP-SBJ *-1) (VP to (VP visit (NP China) (PP at (NP (NP the invitation) (PP of (NP the government)))) (PP-TMP beginning (NP Saturday))))))) , (NP-SBJ the Foreign Ministry) (VP announced (SBAR 0 (S *T*-2))) .)) (TOP (S (PP According (PP to (NP (NP Mr. Nixon 's) office))) , `` (NP-SBJ This) (VP is (ADVP solely) (NP-PRD a fact-finding trip)) .)) (TOP (S (NP-SBJ There) (VP will (VP be (NP-PRD (NP no sightseeing) , (NP no shopping) and (NP no social events)))) . '')) (TOP (S (NP-SBJ (NP Mr. Nixon 's) office) (VP said (SBAR 0 (S (NP-SBJ-1 the former president) (VP `` (VP expects (S (NP-SBJ *-1) (VP to (VP have (NP (NP one-on-one discussions) (PP with (NP the major Chinese leaders))))))) '' and (VP will (VP give (NP (NP his assessment) (PP of (NP those leaders))) (PP-DTV to (NP President Bush)) (PP-TMP upon (NP his return)))))))) .)) (TOP (S (NP-SBJ (NP A poll) (VP conducted (NP *) (PP-LOC in (NP (NP 12) (PP of (NP 16 NATO countries)))))) (VP shows (SBAR that (S (NP-SBJ-1 the Dutch) (VP appear (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the strongest supporters) (PP of (NP the alliance)))))))))) .)) (TOP (S (NP-SBJ (NP The poll) , (VP conducted (NP *) (PP for (NP the Dutch daily De Telegraaf)) (PP by (NP-LGS Gallup International)))) (VP said (SBAR 0 (S (NP-SBJ (NP 81 %) (PP of (NP Dutch people))) (VP supported (NP NATO))))) .)) (TOP (S (NP-SBJ-1 Canada) (VP was (NP-PRD the second most pro-NATO country) (PP with (S-NOM (NP-SBJ 78 %) (VP supporting (NP the alliance)))) , (S-ADV (NP-SBJ *-1) (VP followed (PP by (NP (NP (NP the U.S.) (PP with (NP 75 %))) , (NP (NP Britain) (PP with (NP 71 %))) , (NP (NP Belgium) (PP with (NP 69 %))) and (NP (NP West Germany) (PP with (NP 63 %)))))))) .)) (TOP (S (NP-SBJ All other countries) (VP registered (NP (NP support) (PP below (NP 50 %)))) .)) (TOP (S (NP-SBJ (NP The Israeli Manufacturers ') Association) (VP filed (NP (NP a police complaint) (PP against (NP an Arab pasta maker)) (PP for (S-NOM (NP-SBJ *) (VP using (NP (NP the four colors) (PP of (NP the outlawed Palestinian flag))) (PP-LOC-CLR on (NP spaghetti packages))))))) .)) (TOP (S `` (NP-SBJ We) (VP asked (NP-1 police) (S (NP-SBJ *-1) (VP to (VP investigate (SBAR (WHADVP-3 why) (S (NP-SBJ-2 they) (VP are (VP allowed (S (NP-SBJ *-2) (VP to (VP distribute (NP the flag) (PP-MNR in (NP this way))))) (ADVP-PRP *T*-3))))))))) .)) (TOP (SINV (S (NP-SBJ-1 It) (VP should (VP be (VP considered (S (NP-SBJ *-1) (PP-PRD against (NP the law))))))) , '' (VP said) (NP-SBJ (NP Danny Leish) , (NP (NP a spokesman)) (PP for (NP the association))) .)) (TOP (S (NP-SBJ-1 The spaghetti) (VP (VP is (VP made (NP *-1) (PP by (NP-LGS the Al Ghazel Macaroni Co.)) (PP-LOC in (NP Bethlehem)))) and (VP is (VP marketed (NP *-1) (PP-LOC in (NP (NP a package) (VP decorated (NP *) (PP-CLR with (NP (ADJP green , black , red and white) stripes)))))))) .)) (TOP (S (NP-SBJ British postal authorities) (VP say (SBAR 0 (S (NP-SBJ they) (VP have (VP uncovered (NP (NP a large-scale scheme) (SBAR (WHADVP-1 where) (S (NP-SBJ unscrupulous stamp dealers) (VP (VP (ADVP-MNR chemically) removed (NP stamp cancellations)) , (VP regummed (NP the stamps)) and (VP sold (NP them) (PP-DTV (PP to (NP U.S. collectors)) or (PRN , (PP-MNR in (NP large lots)) ,) (PP to (NP British businesses)))) (ADVP-LOC *T*-1)))))))))) .)) (TOP (S (NP-SBJ The scheme) (ADVP allegedly) (VP cost (NP the post office) (NP (NP (QP # 10 million) *U*) (PRN *LRB* (NP $ 16.1 *U*) *RRB*) (PP in (NP revenue))) (PP-TMP in (NP the past 12 months))) .)) (TOP (S (NP-SBJ Dealers) (VP bought (NP the used stamps) (ADVP-MNR cheaply) (PP-CLR from (NP (NP charities) , (PP including (NP the (NAC Guide Dogs (PP for (NP the Blind))) Association))))) .)) (TOP (S (NP-SBJ-2 The charities) (ADVP-TMP regularly) (VP sell (NP (NP used stamps) , (SBAR (WHNP-1 which) (S (NP-SBJ they) (VP collect (NP *T*-1) (PP-CLR from (NP (NP children) and (NP other donors)))))) ,) (S-PRP (NP-SBJ *-2) (VP to (VP raise (NP funds))))) .) ) (TOP (S (NP-SBJ (NP Akio Tanii) , (NP (NP president) (PP of (NP (NP Japan 's) Matsushita Electric Industrial Co.))) ,) (VP presented (NP (NP the U.S. consul general) (PP-LOC in (NP Osaka))) (PP-CLR with (NP (NP a (ADJP (QP $ 1 million) *U*) check) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP help (NP (NP San Francisco 's) earthquake victims)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP The company 's) U.S. subsidiary) , (NP (NP Matsushita Electric Corp.) (PP of (NP America))) ,) (VP had (VP donated (NP (NP (QP over $ 35,000) *U* worth ) (PP of (NP Matsushita-made flashlights and batteries))) (PP-CLR to (NP residents)) (PP-TMP (ADVP shortly) after (NP the disaster))))) , (NP-SBJ a company spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Several other Japanese (NX (NX companies) and (NX regional governments))) (VP have (VP sent (NP aid) (PP-DIR to (NP San Francisco)))) .)) (TOP (S (S (NP-SBJ-1 Sumitomo Bank) (VP donated (NP-2 $ 500,000 *U*))) , (S (NP-SBJ=1 Tokyo prefecture) (NP=2 $ 15,000 *U*)) and (S (NP-SBJ=1 (NP the city) (PP of (NP Osaka))) (NP=2 $ 10,000 *U*)) .)) (TOP (S (NP-SBJ-1 Chinese officials) (VP are (VP trying (S (NP-SBJ-2 *-1) (VP to (VP use (NP the Canton Trade Fair) (S-CLR (NP-SBJ *-2) (VP to (VP lure (ADVP-DIR back) (NP overseas traders) (PP-TMP after (NP (NP the bloody crackdown) (PP on (NP dissent)))))))))))) .)) (TOP (S But (NP-SBJ attendance) (VP is (ADVP-PRD down (PP from (NP previous years)))) .)) (TOP (S-4 (SBAR-ADV (WHNP-3 What) (S (NP-SBJ *T*-3) (VP 's (NP-PRD more)))) , (PRN (S (NP-SBJ a Hong Kong textile trader) (VP says (SBAR 0 (S *T*-4)))) ,) (NP-SBJ-1 (NP some Chinese exporters) (PP from (NP state-run enterprises))) (VP are (VP protesting (NP the crackdown) (PP-MNR by (S-NOM (NP-SBJ-2 *-1) (VP dragging (NP their feet) (PP-CLR on (S-NOM (NP-SBJ *-2) (VP soliciting (NP new business))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ They) (VP are (ADJP-PRD angry (PP about (NP the government))))) ... so (S (NP-SBJ they) (VP hold (PRT back) (NP the goods)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP (NP This autumn 's) edition) (PP of (NP the biannual fair))) (VP will (VP run (PP-TMP-CLR through (NP Oct. 31)))) .)) (TOP (S (PP-LOC Inside (NP the 156,000-square-yard glass exhibition complex)) , (NP-SBJ (NP products) (VP ranging (PP (PP from (NP clothing)) (PP to (NP AK-47 machine guns))))) (VP are (PP-PRD on (NP display))) .)) (TOP (S (NP-SBJ Fair officials) (VP say (SBAR that (S (NP-SBJ 21,000 guests) (VP (VP visited (PP-TMP during (NP the first five days))) , (NP (NP a (ADJP 10 %) drop) (PP from (NP the spring exhibition))))))) .)) (TOP (S But (NP-SBJ (NP China 's) official Xinhua News Agency) (VP reported (SBAR that (S (NP-SBJ (NP the number) (PP of (NP foreign businessmen))) (VP was (ADJP-PRD (ADJP greater) (PP than (NP the previous fair)))))) -- (PP without (S-NOM (NP-SBJ *) (VP providing (NP statistics))))) .)) (TOP (S (PP In (NP (NP another sign) (PP of (NP glasnost)))) , (NP-SBJ (NP (NP (NP Alexander Solzhenitsyn 's) long-banned chronicle) (PP of (NP Soviet repression))) , `` (NP-TTL The Gulag Archipelago) , '') (VP is (ADVP-TMP now) (NP-PRD (NP recommended reading) (PP-LOC in (NP one 11th-grade Moscow history class)))) ... .)) (TOP (S (NP-SBJ British customs officers) (VP said (SBAR 0 (S (NP-SBJ they) (VP 'd (VP arrested (NP (NP eight men) (VP sneaking (NP 111 rare snakes) (PP-DIR into (NP Britain))) -- (PP including (NP (NP one man) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP strapped (NP (NP a pair) (PP of (NP boa constrictors))) (PP-LOC under (NP his armpits))))))))))))) .)) (TOP (S (NP-SBJ A customs official) (VP said (SBAR 0 (S (NP-SBJ the arrests) (VP followed (NP (NP a `` Snake Day '') (PP-LOC at (NP (NP Utrecht University) (PP-LOC in (NP the Netherlands)))) , (NP (NP an event) (VP used (NP *) (PP by (NP-LGS some collectors)) (PP-CLR as (NP an opportunity (S (NP-SBJ *) (VP to (VP obtain (NP rare snakes))))))))))))) .)) (TOP (S (NP-SBJ Di Giorgio Corp.) (VP said (S (NP-SBJ it) (VP (VP 's (VP continuing (NP (NP talks) (PP with (NP (NP potential buyers) (PP of (NP certain units))))))) , but (VP has (VP reached (NP (NP no agreement) (PP on (NP any deals)))))))) .)) (TOP (S (NP-SBJ (NP Di Giorgio) , (NP a food wholesaler and building products maker) ,) (VP is (VP seeking (NP (NP alternatives) (PP to (NP (NP an unsolicited (ADJP $ 32-a-share) tender offer) (PP of (NP (NP DIG Acquisition Corp.) , (NP (NP a unit) (PP of (NP Rose Partners Limited Partnership)))))))))) .)) (TOP (S (NP-SBJ DIG) (VP is (NP-PRD (NP the vehicle) (VP being (VP used (NP *) (S-CLR (NP-SBJ *) (VP to (VP pursue (PP to (NP acquisition))))))))) .)) (TOP (S (NP-SBJ (NP Robert Mellor) , (NP (NP Di Giorgio 's) executive vice president) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP stands (S (NP-SBJ *-1) (VP to (VP reap (NP (NP more money) (PP *ICH*-2)) (PP-MNR through (NP (NP the sale) (PP of (NP individual units)) (PP to (NP others)))) (PP-2 than (PP-MNR by (S-NOM (NP-SBJ *) (VP accepting (NP (NP DIG 's) offer)))))))))))) .)) (TOP (S (S (NP-SBJ Some lousy earnings reports) (VP whacked (NP the stock market))) , but (S (NP-SBJ bond prices) (VP fell (ADVP-EXT only slightly))) and (S (NP-SBJ the dollar) (VP rose (NP-EXT a little) (PP against (NP most major currencies)))) .)) (TOP (S (NP-SBJ The Dow Jones Industrial Average) (VP tumbled (NP-EXT 39.55 points) , (PP-DIR to (NP 2613.73)) , (PP-LOC in (NP active trading))) .)) (TOP (S (NP-SBJ Long-term Treasury bonds) (VP ended (ADVP-CLR slightly higher)) .)) (TOP (S (NP-SBJ The dollar) (VP (VP rose (ADVP-EXT modestly) (PP against (NP (NP the mark) and (NP the yen)))) , but (VP soared (PP against (NP the pound)) (PP-TMP following (NP (NP the resignation) (PP of (NP (NP (NP (NP Britain 's) chancellor) (PP of (NP the Exchequer))) , (NP Nigel Lawson))))))) .)) (TOP (S (S (NP-SBJ Analysts) (VP have (VP complained (SBAR that (S (NP-SBJ third-quarter corporate earnings) (VP have n't (VP been (ADJP-PRD very good)))))))) , but (S (NP-SBJ the effect) (VP hit (ADVP-CLR home) (ADVP-MNR particularly hard) (NP-TMP yesterday))) .)) (TOP (S (NP-SBJ-1 Compaq Computer) (VP (VP nose-dived (NP-EXT (NP $ 8.625 *U*) (NP-ADV a share)) , (PP-DIR to (NP $ 100 *U*))) , and (VP pulled (NP other technology issues) (ADVP-DIR lower)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP reporting (NP lower-than-expected earnings) (SBAR-TMP after (S (NP-SBJ the stock market) (VP closed (NP-TMP Wednesday)))))))) .)) (TOP (S (NP-TMP Later yesterday) (NP-SBJ (NP the nation 's) major auto makers) (VP added (PP-CLR to (NP the gloom)) (SBAR-TMP (WHADVP when) (S (NP-SBJ (NP they) (NP each)) (VP reported (SBAR 0 (S (NP-SBJ their core auto operations) (VP were (NP-PRD net losers) (PP-TMP in (NP the third quarter))))))))) .) ) (TOP (S (NP-SBJ The less-than-robust third-quarter results) (VP came (PP-LOC amid (NP (NP renewed concern) (PP about (NP (NP (NP the volatility) (PP of (NP stock prices))) and (NP (NP the role) (PP of (NP computer-aided program trading)))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Taken (NP *-2) (ADVP-MNR together))) , (NP-SBJ-1 the worries) (VP prompted (NP (NP a broad sell-off) (PP of (NP stocks)))) .)) (TOP (S (NP-SBJ (NP The number) (PP of (NP (NP stocks) (PP-LOC on (NP the New York Stock Exchange)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP fell (PP-CLR in (NP price)) (NP-TMP yesterday))))))) (VP (VP exceeded (NP 1,000)) , (NP (NP a key measure) (PP of (NP underlying sentiment)) (PP-LOC among (NP technical analysts)))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the government) (VP said (SBAR 0 (S (NP-SBJ the economy) (VP grew (NP-EXT an estimated 2.5 %) (PP-TMP in (NP the third quarter)))))))) , (PP in (NP (NP line) (PP with (NP expectations)))) , (NP-SBJ analysts) (VP are (ADVP increasingly) (VP predicting (NP (NP (ADJP (ADVP much more) sluggish) growth) (PRN -- and (ADVP therefore) (NP more corporate earnings disappointments) --)) (PP for (NP the fourth quarter)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP are (NP-PRD (NP (ADJP (NP-ADV a lot) more) downward revisions) (PP of (NP earnings forecasts)) (PP than (NP upward revisions))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Abby Joseph Cohen) , (NP (NP a market strategist) (PP-LOC at (NP Drexel Burnham Lambert)))) .)) (TOP (S `` (NP-SBJ People) (VP are (VP questioning (NP corporate profits) (PP-CLR as (NP (NP a pillar) (PP of (NP support)) (PP for (NP the equity market)))))) . '')) (TOP (S (NP-SBJ The bond market) (VP was (ADJP-PRD unmoved (PP by (NP the economic statistics)))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ bond investors) (VP would (VP have (VP preferred (S (NP-SBJ growth) (VP to (VP be (NP-PRD (NP-ADV a little) slower))))))))) , (NP-SBJ-1 they) (VP were (VP cheered (NP *-1) (PP by (NP-LGS (NP inflation measures) (PP in (NP the data)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP showed (S (NP-SBJ prices) (VP rising (PP-MNR at (NP (NP a modest annual rate) (PP of (NP 2.9 %))))))))))))) .) ) (TOP (S (S-TPC-1 (NP-SBJ That) (VP is (NP-PRD another small encouragement (SBAR for (S (NP-SBJ the Federal Reserve) (VP to (VP lower (NP interest rates) (PP-TMP in (NP coming weeks))))))))) , (NP-SBJ they) (VP reasoned (SBAR 0 (S *T*-1))) .)) (TOP (PP-LOC-HLN In (NP major market activity) :)) (TOP (S (NP-SBJ Stock prices) (VP fell (ADVP-MNR sharply) (PP-LOC in (NP active trading))) .)) (TOP (S (NP-SBJ (NP Volume) (PP-LOC on (NP the New York Stock Exchange))) (VP totaled (NP (QP 175.2 million) shares)) .)) (TOP (S (NP-SBJ (NP Declining issues) (PP on (NP the Big Board))) (VP outstripped (NP gainers) (NP-ADV (NP 1,141) (PP to (NP 406)))) .)) (TOP (S (NP-SBJ Bond prices) (VP were (ADJP-PRD barely higher)) .)) (TOP (S (NP-SBJ (NP The Treasury 's) benchmark 30-year) (VP rose (ADVP-EXT fractionally)) .)) (TOP (S (NP-SBJ (NP Yield) (PP on (NP the issue))) (VP was (NP-PRD 7.88 %)) .)) (TOP (S (NP-SBJ The dollar) (VP rose (ADVP-EXT modestly) (PP against (NP most major currencies))) .)) (TOP (S (PP-LOC In (NP late New York trading)) (NP-SBJ the dollar) (VP was (PP-PRD at (NP (NP 1.8400 marks) and (NP 142.10 yen))) (PP compared (PP with (NP (NP (NP 1.8353 marks) and (NP 141.52 yen)) (NP-TMP Wednesday))))) .)) (TOP (S (NP-SBJ The dollar) (VP soared (PP against (NP (NP the pound) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (PP-PRD at (NP $ 1.5765 *U*)) (PP compared (PP with (NP (NP $ 1.6145 *U*) (NP-TMP Wednesday)))))))))) .)) (TOP (S (NP-SBJ-1 The House) (VP joined (NP the Senate) (PP-LOC in (S-NOM (NP-SBJ *-1) (VP making (S (NP-SBJ (NP federal reparations) (PP for (NP (NP Japanese-Americans) (VP held (NP *) (PP-LOC in (NP World War II internment camps)))))) (NP-PRD (NP a legal entitlement) (VP requiring (S (NP-SBJ the Treasury Department) (VP to (VP meet (NP (NP expedited payments) (PP of (NP (NP an estimated (QP $ 1.25 billion) *U*) (PP-TMP during (NP the next several years))))))))))))))) .)) (TOP (S (NP-SBJ The 249-166 roll call) (VP came (SBAR-TMP as (S (NP-SBJ the chamber) (VP approved (NP (NP a compromise bill) (VP (VP allocating (NP (QP $ 17.2 billion) *U*) (PP-DTV to (NP (NP the departments) (PP of (NP State , Justice , and Commerce)))) (PP-TMP in (NP fiscal 1990))) and (VP imposing (NP increased fees) (PP-CLR on (NP (NP business interests) (VP making (NP (NP filings) (PP with (NP the government))))))))))))) .)) (TOP (S (S (NP-SBJ An estimated (QP $ 40 million) *U*) (VP would (VP come (ADVP-TMP annually) (PP-DIR from (NP (NP a new (ADJP $ 20,000 *U*) charge) (PP on (NP (NP pre-merger notifications) (PP to (NP the Justice Department))))))))) , and (S (NP-SBJ Securities and Exchange Commission filing fees) (VP would (VP rise (PP-EXT by (NP 25 %)) (S-PRP (NP-SBJ *) (VP to (VP fund (NP (NP a (ADJP (QP $ 26 million) *U*) increase) (PP-LOC in (NP (NP the agency 's) budget))))))))) .)) (TOP (S (NP-SBJ (NP (NP Yesterday 's) vote) (PP on (NP Japanese-American reparations))) (VP ensures (NP (NP final enactment) (PP of (NP (NP the entitlement provision) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP (VP abandons (NP earlier efforts (S (NP-SBJ *) (VP to (VP find (NP offsetting cuts)))))) but (VP is (VP seen (NP *-2) (PP-CLR as (NP (NP a (ADJP more realistic) path) (PP to (S-NOM (NP-SBJ *) (VP expediting (NP (NP compensation) (VP (ADVP-TMP first) authorized (NP *) (PP-TMP in (NP 1988)))))))))))))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ (NP The only way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP reduce (NP the costs) (ADVP-MNR *T*-2)))))) (VP is (S-PRD (NP-SBJ *) (VP to (VP say (SBAR 0 (S (NP-SBJ-1 we) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP pay (NP the bill))))))))))))) , '' (VP said (S *T*-4)) (NP-SBJ (NP Rep. Neal Smith) (PRN *LRB* (NP (NP D.) , (NP-LOC Iowa)) *RRB*) , (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP taunted (S (NP-SBJ (NP President Bush 's) party) (VP to (VP back (PRT up) (NP (NP his campaign promise) (PP of (S-NOM (NP-SBJ *) (VP supporting (NP (NP the claims) (PP of (NP (NP $ 20,000 *U*) (PP per (NP individual)))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ *) (VP Read (NP my lips))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Smith) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ you) (VP 're (PP-PRD for (S-NOM (NP-SBJ *) (VP paying (NP the claims))))))) ... (NP-SBJ I) (VP do n't (VP know (SBAR (WHADVP-1 how) (S (NP-SBJ anyone) (VP can (VP oppose (NP this) (ADVP-MNR *T*-1))))))) . '')) (TOP (S (S (NP-SBJ-1 No payments) (VP would (VP be (VP made (NP *-1) (NP-TMP this year))))) , but (S (S-TMP (NP-SBJ *) (VP beginning (PP-TMP in (NP fiscal 1991)))) , (NP-SBJ the bill) (VP commits (NP the government) (PP-CLR to (NP (NP annual payments) (PP of (NP (QP as much as $ 500 million) *U*)))) (SBAR-TMP until (S (NP-SBJ-2 (NP the total liability) (PP of (NP (QP $ 1.25 billion) *U*))) (VP is (VP met (NP *-2))))))) .)) (TOP (S (NP-SBJ The issue) (VP (VP has (VP assumed (NP (NP some) (PP of (NP (NP the character) (PP of (NP past civil-rights debates))))))) and (VP reopens (NP (NP old regional divisions) (PP-LOC in (NP the Democratic majority))))) .)) (TOP (S (ADVP (ADVP As much) (SBAR as (S (NP-SBJ Republicans) (VP led (NP the opposition))))) , (PP-TPC-1 among (NP (NP the 53 Democrats) (VP voting (PP-CLR against (S-NOM (NP-SBJ *) (VP treating (NP the payments) (PP-CLR as (NP an entitlement)))))))) , (NP-SBJ (NP 42) (PP *T*-1)) (VP came (PP-DIR from (NP (NP the 13 states) (PP-LOC in (NP (NP the Old Dixiecrat South) and (NP its borders)))))) .)) (TOP (S (S (NP-SBJ (NP The odd mix) (PP of (NP departments)) (PP-LOC in (NP the underlying bill))) (VP makes (S (NP-SBJ it) (NP-PRD (NP one) (PP of (NP (NP the (ADJP more eclectic)) (PP of (NP the annual appropriations measures)))))))) , and (S (NP-SBJ it) (VP is (NP-PRD (NP a lightning rod) (PP for (NP (NP a running battle) (PP over (NP (NP the fate) (PP of (NP the Legal Services Corp))))))))) .) ) (TOP (S (NP-SBJ The measure) (VP (VP provides (NP (NP (QP $ 321 million) *U*) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP maintain (NP services))))))) but (VP would (ADVP-MNR sharply) (VP curb (NP (NP the power) (PP of (NP the current board))) (SBAR-TMP until (S (NP-SBJ-2 successors) (VP are (VP agreed (PP-CLR to (NP *-2)) (PP by (NP-LGS the Bush administration))))))))) .)) (TOP (S (NP-SBJ (NP The conservative bent) (PP of (NP (NP the incumbent appointees) , (VP named (NP *) (PP by (NP-LGS former President Reagan))) ,))) (VP has (VP divided (NP Republicans))) .)) (TOP (S And (PP on (NP back-to-back roll calls)) , (ADVP 206-199 and 223-178) , (NP-SBJ the Appropriations Committee leadership) (VP turned (ADVP-DIR back) (NP (NP efforts (S (NP-SBJ *) (VP to (VP weaken or strip (NP the proposed restrictions))))) (VP (ADVP-TMP first) added (NP *) (PP by (NP-LGS (NP Sen. Warren Rudman) (PRN *LRB* (NP (NP R.) , (NP-LOC N.H.)) *RRB*)))))))) (TOP (S (NP-SBJ-1 (NP The estimated (QP $ 40 million) *U*) (PP from (NP the new pre-merger notification fee))) (VP would (VP be (VP divided (NP *-1) (PP-CLR between (NP (NP (NP (NP the Justice Department 's) Antitrust Division) and (NP the Federal Trade Commission)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) both (VP face (NP serious cuts) (SBAR-ADV if (S (NP-SBJ the income) (VP is n't (VP realized (NP *))))))))))))) .) ) (TOP (S (S (NP-SBJ-1 (NP The Federal Bureau) (PP of (NP Investigation))) (VP is (VP slated (S (NP-SBJ-2 *-1) (VP to (VP receive (NP (QP $ 30 million) *U*) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP charging (PP-CLR for (NP (NP fingerprint services) (PP-LOC in (NP civil cases))))))))))))) , and (S (NP-SBJ the judiciary) (VP will (VP rely (PP-CLR on (NP (NP another (QP $ 32 million) *U*) (PP from (NP (NP bankruptcy charges) , (PP including (NP (NP a (ADJP 33 %) increase) (PP-CLR in (NP the current filing fee))))))))))) .)) (TOP (S (S (NP-SBJ (NP The (ADJP (QP $ 17.2 billion) *U*) total) (PP for (NP the bill))) (VP does n't (VP include (NP (NP an estimated (QP $ 1.2 billion) *U*) (PP in (NP (NP supplemental anti-drug funds) (VP approved (NP *) (PP by (NP-LGS the House-Senate conference)) (NP-TMP yesterday)))))))) , and (S (NP-SBJ (NP the rush) (PP of (NP money))) (VP is (ADVP-TMP already) (VP provoking (NP (NP jealousy) (PP-LOC among (NP (NP states) (VP competing (PP-CLR for (NP assistance))))))))) .)) (TOP (S (S (NP-SBJ-1 The House) (VP agreed (S (NP-SBJ *-1) (VP to (VP defer (PP-TMP for (NP a year)) (NP (NP a scheduled (ADJP 50 %) increase) (PP in (NP (NP the required state matching funds) (PP for (NP law-enforcement grants)))))))))) but , (S (PP by (NP a 287-123 margin)) , (NP-SBJ the chamber) (VP stripped (NP a Senate initiative (S (NP-SBJ *) (VP to (VP raise (NP (NP the minimum grant) (PP for (NP (NP smaller states) , (PP such as (NP (NP New Hampshire) and (NP Delaware))) ,))) (PP-DIR to (NP (QP $ 1.6 million) *U*)) (PP-DIR from (NP $ 500,000 *U*)))))))) .) ) (TOP (S (NP-SBJ Few) (VP are (ADJP-PRD (ADJP more powerful) (PP *ICH*-1)) (PP-LOC in (NP (NP the competition) (PP for (NP funds)))) (PP-1 than (NP (NP the appropriations committees) (NP themselves) -- (PP including (NP (NP the three authors) (PP of (NP the Gramm-Rudman-Hollings deficit-reduction law))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ (NP a House-Senate conference) (PP on (NP (NP yesterday 's) bill))) (VP rescinded (NP (NP (QP $ 11.8 million) *U*) (PP in (NP (NP unexpended funds) (PP for (NP (NP a (NAC-LOC Fort Worth , Texas ,) economic development project) (VP backed (NP *) (PP by (NP-LGS former Speaker James Wright)))))))) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP Sen. Phil Gramm) (PRN *LRB* (NP (NP R.) , (NP-LOC Texas)) *RRB*)) (VP insisted (NP-TMP last week) (SBAR that (S (NP-SBJ-2 the money) (VP be (VP preserved (NP *-2)))))) .)) (TOP (S (S (NP-SBJ The measure) (VP includes (NP (NP (QP $ 2 million) *U*) (VP secured (NP *) (PP by (NP-LGS Mr. Rudman)) (PP-CLR for (NP (NP a marine-research project) (PP-LOC at (NP (NP the University) (PP of (NP New Hampshire)))))))))) , and (S (NP-SBJ-1 (NP Sen. Ernest Hollings) (PRN *LRB* (NP (NP D.) , (NP-LOC S.C .)) *RRB*)) (VP used (NP his power) (S-CLR (NP-SBJ *-1) (VP to (VP add (NP (NP (QP $ 10 million) *U*) (PP for (NP (NP an advanced technology initiative) (PP-LOC in (NP the Commerce Department)))))))))) .)) (TOP (S (NP-SBJ This) (VP was (PP-PRD in (NP (NP addition) (PP to (NP (NP a (ADJP more parochial) (ADJP (QP $ 4.5 million) *U*) authorization) (PP for (NP (NP a health center) (PP-LOC in (NP South Carolina)) (VP upheld (NP *) (PP by (NP a 273-121 vote)) (PP-LOC in (NP the House)) (NP-TMP last night))))))))) .)) (TOP (S (S (NP-SBJ The Big Three U.S. auto makers) (VP posted (NP (NP losses) (PP in (NP-LOC their core (ADJP North American) automotive businesses)) (PP for (NP the third quarter))))) , and (S (NP-SBJ (NP expectations) (PP of (NP continued (NX (NX slow vehicle sales) and (NX price wars))))) (VP are (VP casting (NP a pall) (PP-CLR over (NP the fourth period))))) .)) (TOP (S (NP-SBJ (NP The strongest sign) (PP of (NP (NP the Big Three 's) woes))) (VP came (PP-DIR from (NP (NP Ford Motor Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (NP a loss) (PP-LOC in (NP its U.S. automotive business)) (PP for (NP (NP the first time) (PP-TMP since (NP 1982))))))))))))) .)) (TOP (S (NP-SBJ Ford) (VP predicted (SBAR 0 (S (NP-SBJ fourth-quarter net income) (VP will (VP fall (PP-DIR below (NP the year-earlier level)) , (PP-PRP (ADVP partly) because of (NP (NP a likely (ADJP (QP $ 500 million) *U*) charge) (PP from (NP (NP the sale) (PP of (NP its steel operations))))))))))) .)) (TOP (S (NP-SBJ-1 The bleak automotive results) (VP were (VP offset (NP *-1) (PP by (NP-LGS (NP strong earnings) (PP from (NP some non-automotive operations)))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP the combined profit) (PP of (NP (NP Ford) , (NP Chrysler Corp.) and (NP General Motors Corp.)))) (VP fell (NP-EXT 44 %) (PP-DIR to (NP (QP $ 1.02 billion) *U*)) (PP-DIR from (NP (QP $ 1.83 billion) *U*) (ADVP-TMP (NP a year) earlier)) , (PP excluding (NP (NP a one-time gain) (PP of (NP (QP $ 309 million) *U*)) (PP-LOC at (NP Chrysler)) (PP from (NP (NP the sale) (PP of (NP Mitsubishi Motors Corp. stock))))))) .) ) (TOP (S (NP-SBJ (NP The last time) (SBAR (WHADVP-1 0) (S (NP-SBJ all three companies) (VP reported (NP (ADJP North American) automotive losses) (ADVP-TMP *T*-1))))) (VP was (PP-TMP-PRD in (NP (NP the recession year) (PP of (NP 1982))))) .)) (TOP (S (NP-SBJ-1 (NP Yesterday 's) announcements) (VP helped (S (NP-SBJ *-1) (VP spark (NP (NP a midday wave) (PP of (NP program selling)) (PP-LOC in (NP the stock market)))))) .)) (TOP (S (S (NP-SBJ (NP GM 's) common) (VP closed (PP-CLR at (NP (NP $ 44.375 *U*) (NP-ADV a share))) , (ADVP down (NP 50 cents)))) , (S (NP-SBJ-1 Ford) (VP fell (NP-EXT 37.5 cents) (S-CLR (NP-SBJ *-1) (VP to (VP end (PP-CLR at (NP $ 47.50 *U*))))))) , and (S (NP-SBJ Chrysler) (VP eased (NP-EXT 37.5 cents) (PP-DIR to (NP $ 22.25 *U*)))) , (S-ADV (NP-SBJ all) (PP-LOC-PRD in (NP New York Stock Exchange composite trading))) .)) (TOP (S (NP-SBJ (NP The market 's) pessimism) (VP reflects (NP (NP the gloomy outlook) (PP-LOC in (NP Detroit)))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ Japanese auto makers) (VP gained (NP market share)))) , (NP-SBJ the Big Three) , (PP with (NP (NP GM) (PP-LOC in (NP the lead)))) , (VP (VP slashed (NP (ADJP North American) production) and (VP launched (NP a retail discounting blitz)))) .)) (TOP (S (NP-SBJ The price war) (VP peaked (PP-TMP in (NP the third quarter)) (SBAR-TMP as (S (NP-SBJ Big Three factory discounts) (VP climbed (PP-DIR to (NP (NP (QP more than $ 1,000) *U*) (NP-ADV a vehicle)))))) , (PP according (PP to (NP industry officials)))) .) ) (TOP (SINV (S-TPC-1 (NP-SBJ GM) (ADVP probably) (VP had (NP the `` heaviest incentives))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Robert S. Miller) , (NP (NP Chrysler 's) chief financial officer)) .)) (TOP (S `` (NP-SBJ (NP We) (NP all)) (VP did (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 we) (VP had (S (NP-SBJ *-1) (VP to (VP do (NP *T*-2) (S-PRP (NP-SBJ *-1) (VP to (VP stay (PP-LOC within (NP (NP sight) (PP of (NP them)))))))))))))) . '')) (TOP (S (S But (NP-SBJ-1 the costly efforts) (VP did (NP-CLR little) (S-CLR (NP-SBJ *-1) (VP to (VP slow (NP Japanese market gains)))))) , and (S (NP-SBJ domestic car sales) (VP have (VP plunged (NP-EXT 19 %) (SBAR-TMP since (S (NP-SBJ the Big Three) (VP ended (NP (NP many) (PP of (NP their programs))) (NP-TMP Sept. 30))))))) .)) (TOP (S (NP-SBJ GM , Ford and Chrysler) (VP have (ADVP already) (VP cut (NP fourth-quarter U.S. output plans) (NP-EXT an estimated 15 %) (PP-DIR from (NP 1988 levels)))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ sales) (VP do n't (VP pick (PRT up))))) , (S (NP-SBJ the cuts) (VP will (VP go (ADVP-DIR deeper)))) and (S (NP-SBJ incentives) (VP will (VP sprout (ADVP again)))) .)) (TOP (S (NP-SBJ (NP Ford) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (ADVP-TMP long) (VP boasted (PP-CLR of (NP its ability (S (NP-SBJ *) (VP to (VP weather (NP a downturn)))))))))) ,) (VP saw (S (NP-SBJ earnings) (VP take (NP a beating)))) .)) (TOP (S (NP-SBJ The No. 2 auto maker) (VP blamed (NP (NP incentive costs) and (NP reduced production)) (PRN -- (S-ADV (NP-SBJ both) (NP-PRD (NP the result) (PP of (NP a (ADJP substantially weaker) U.S. market)))) --) (PP-CLR for (NP (NP a (ADJP 44 %) drop) (PP in (NP net)) (PP to (NP (NP (QP $ 477.1 million) *U*) , or (NP (NP $ 1.03 *U*) (NP-ADV a share)))) , (PP on (NP (NP revenue) (PP of (NP (QP $ 20.24 billion) *U*))))))) .)) (TOP (S (NP-SBJ Nearly all the decline) (VP came (PP-LOC in (NP (NP Ford 's) U.S. automotive operations))) .)) (TOP (S (NP-SBJ The (NAC-LOC Dearborn , Mich. ,) auto maker) (VP ran (NP (NP (NP a loss) (PP of (NP (QP $ 37 million) *U*)) (PP on (S-NOM (NP-SBJ *) (VP assembling and marketing (NP cars) (PP-LOC in (NP the U.S.)))))) , (NP (NP a deterioration) (PP of (NP (QP $ 378 million) *U*)) (PP-LOC in (NP that line)) (PP from (NP the 1988 quarter))))) .)) (TOP (S (NP-SBJ-1 Ford) (VP managed (S (NP-SBJ *-1) (VP to (VP show (NP (NP a profit) (PP for (NP the quarter)))))) (PP-PRP (ADVP primarily) because of (NP (NP earnings) (PP from (NP (NP overseas auto operations) and (NP financial services)))))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (NP-SBJ Ford) (VP reported (NP (NP record net) (PP of (NP (NP (QP $ 856.3 million) *U*) , or (NP (NP $ 1.78 *U*) (NP-ADV a share)))) , (PP on (NP (NP revenue) (PP of (NP (QP $ 20.38 billion) *U*)))))) .) ) (TOP (S (PP-TMP In (NP the latest nine months)) , (NP-SBJ Ford) (VP earned (NP (NP (QP $ 3.52 billion) *U*) , or (NP (NP $ 7.51 *U*) (NP-ADV a share))) , (PP compared (PP with (NP (NP (QP $ 4.14 billion) *U*) , or (NP (NP $ 8.53 *U*) (NP-ADV a share)))))) .) ) (TOP (S (NP-SBJ The U.S. automotive loss) (VP was (NP-PRD (NP a sharp reversal) (PP for (NP (NP a company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (VP reeled (PRT off) (NP (NP 12 consecutive quarters) (PP of (NP improved earnings))) (PP-TMP until (NP the 1989 second quarter)))))))))) .) ) (TOP (S But (NP-SBJ (NP David N. McCammon) , (NP (NP vice president) , (NP finance)) ,) (VP insisted (SBAR that (S (NP-SBJ (NP cost-cutting) and (NP tight production capacity)) (VP will (VP make (S (NP-SBJ results) `` (ADJP-PRD (ADJP better) (PP *ICH*-1)) (PP-TMP in (NP this downturn)) (PP-1 than (PP-TMP in (NP (NP prior downturns) , '' (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ Ford) (VP had (NP net losses) (ADVP-TMP *T*-2))))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ Mr. McCammon) (VP said (SBAR 0 (S (NP-SBJ Ford) (VP expects (S (NP-SBJ the U.S. economy) (VP to (VP weaken (PP-TMP through (NP (NP the end) (PP of (NP 1990)))) , (S-ADV (NP-SBJ *) (VP causing (NP weaker sales and production)))))))))) .)) (TOP (S (S-TPC-1 (PP As (NP a result)) , (NP-SBJ fourth-quarter profit) (VP will (VP come (PRT in) (PP-LOC-CLR below (NP 1988 results)) , (SBAR-ADV although (S (NP-SBJ the drop) (VP wo n't (VP be (ADJP-PRD (ADJP as sharp) (PP as (NP the (ADJP 44 %) third-quarter decline)))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Part) (PP of (NP the drop))) (VP will (VP come (PP-DIR from (NP (NP an anticipated charge) (PP of (NP (QP as much as $ 500 million) *U*)) (PP from (NP (NP the proposed sale) (PP of (NP its Rouge Steel unit)))))))) .)) (TOP (S (PP-TMP In (NP the 1988 fourth quarter)) , (NP-SBJ Ford) (VP had (NP (NP net) (PP of (NP (NP (QP $ 1.16 billion) *U*) , or (NP (NP $ 2.42 *U*) (NP-ADV a share)))))) .) ) (TOP (S (NP-SBJ (NP Chrysler 's) operating profit) (VP fell (PP-DIR to (NP (NP (NP a scant (QP $ 22 million) *U*) , or (NP (NP 10 cents) (NP-ADV a share))) , (NP (NP its lowest quarterly total) (PP-TMP in (NP seven years)))))) .) ) (TOP (S (NP-SBJ (NP Its (ADJP (ADJP (QP $ 309 million) *U*) , or (ADJP (ADJP $ 1.32 *U*) (NP-ADV a share)) ,) gain) (PP from (NP (NP the sale) (PP of (NP (QP 75 million) Mitsubishi shares))))) (VP made (NP (NP net (QP $ 331 million) *U*) , or (NP (NP $ 1.42 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ Sales) (VP were (ADJP-PRD flat) (PP-LOC at (NP (QP $ 7.88 billion) *U*))) .)) (TOP (S (NP-SBJ The results) (VP include (NP (NP record quarterly earnings) (PP of (NP (QP $ 76 million) *U*)) (PP from (NP Chrysler Financial Corp)))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (NP-SBJ (NP Chrysler 's) net) (VP was (NP-PRD (NP (QP $ 113 million) *U*) , or (NP (NP 50 cents) (NP-ADV a share)))) .) ) (TOP (S (NP-SBJ Mr. Miller) (VP said (SBAR 0 (S (NP-SBJ (NP costs) (PP of (NP incentives))) (VP caused (NP (NP a `` moderate '' loss) (PP-LOC in (NP (NP the (NAC-LOC Highland Park , Mich. ,) company 's) (ADJP North American) car and truck business))))))) .)) (TOP (S (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the loss) (VP was n't `` (ADJP-PRD (ADVP that much) different '' (PP from (NP (NP (NP Ford 's) (ADJP (QP $ 37 million) *U*) loss) (PP on (NP U.S. automotive operations)))))))))) , but (S (NP-SBJ-1 he) (VP declined (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD specific)))))) .)) (TOP (S (NP-SBJ Mr. Miller) (VP said (SBAR 0 (S (NP-SBJ Chrysler) (VP spent (NP (NP an average) (PP of (NP $ 1,000 *U*)) (NP-ADV a vehicle)) (PP-CLR on (NP its incentive programs)) (PP-TMP in (NP the third quarter)) , (PP compared (PP with (NP (NP (NP (NP (QP about $ 450) *U*) (NP-ADV a vehicle)) (ADVP-TMP (NP a year) earlier)) -- (NP (NP a `` high-water mark '') (PP-TMP at (NP the time)))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ Chrysler) `` (VP is (ADVP-TMP no longer) (ADJP-PRD sure '' (PP of (NP (NP its forecast) (PP for (NP (NP industry car and truck sales) (PP of (NP (QP 14.2 million))) (PP-TMP in (NP the 1990 model year))))))))))) .)) (TOP (S-1 (NP-SBJ-2 Consumers) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (VP are (VP balking (PP-CLR at (NP (NP higher prices) (PP on (NP 1990 cars)))) , (PP-TMP (ADVP especially) after (S-NOM (NP-SBJ *-2) (VP seeing (NP (NP the incentive-reduced prices) (PP on (NP 1989 models)))))))) .)) (TOP (S (PP-TMP In (NP the nine months)) , (NP-SBJ net) (VP was (NP-PRD (NP (QP $ 1.02 billion) *U*) , or (NP (NP $ 4.38 *U*) (NP-ADV a share))) , (PP including (NP (NP the gain) (PP from (NP the Mitsubishi stock sale)))) , (PP compared (PP with (NP (NP (QP $ 617 million) *U*) , or (NP (NP $ 2.77 *U*) (NP-ADV a share))))) , (PP after (NP (NP a charge) (PP of (NP (NP (QP $ 93 million) *U*) , or (NP (NP 42 cents) (NP-ADV a share)))) , (PP for (NP (NP plant closings) (PP-TMP in (NP the 1988 period))))))) .) ) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 8.4 %) (PP-DIR to (NP (QP $ 27.95 billion) *U*)) (PP-DIR from (NP (QP $ 25.78 billion) *U*))) .)) (TOP (S (NP-SBJ (NP Heavy losses) (PP-LOC in (NP (ADJP North American) auto operations))) (VP sent (S (NP-SBJ (NP GM 's) net) (VP tumbling (PP-DIR to (NP (QP $ 516.9 million) *U*)) (PP-DIR from (NP a record (QP $ 859.2 million) *U*))))) .)) (TOP (S (NP-SBJ Detroit-based GM) (VP does n't (VP issue (NP (NP separate quarterly earnings) (PP for (NP the (ADJP North American) automotive business))))) .)) (TOP (S But (NP-SBJ analysts) (VP estimated (SBAR that (S (NP-SBJ GM) (VP had (NP (NP a loss) (PP of (NP (QP as much as $ 300 million) *U*)) (PP on (NP domestic vehicle operations))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ (NP An (ADJP 8.5 %) drop) (PP-LOC in (NP (NP (ADJP North American) factory sales) (PP of (NP cars and trucks))))) (VP cut (PP-CLR into (NP revenue)))) , and (S (NP-SBJ (NP rebates) (PP to (NP dealers and customers))) (ADVP more than) (VP offset (NP (NP gains) (PP from (NP (NP price increases) (PP on (NP (NP 1990 model vehicles) (VP delivered (NP *) (PP-TMP during (NP the period))))))))))) , (NP-SBJ a GM spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ (NP GM 's) results) (ADVP also) (VP illustrate (NP (NP the increasing diversity) (PP of (NP its operations)))) .)) (TOP (S (PP-LOC In (NP one breakdown)) , (NP-SBJ GM) (VP attributed (NP (NP half) (PP of (NP its net))) (PP-CLR to (NP (NP its two big technology units) , (NP (NP Electronic Data Systems Corp.) and (NP GM Hughes Electronics Corp))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ GM) (VP said (SBAR 0 (S (NP-SBJ overseas auto operations) (VP are (PP-PRD on (NP (NP track) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP exceed (NP (NP (NP last year 's) record full-year net) (PP of (NP (QP $ 2.7 billion) *U*))) (ADVP-LOC *T*-1))))))))))) .)) (TOP (S (NP-SBJ The diversified operations) (VP helped (S (NP-SBJ GM) (VP (VP build (NP (NP its cash reserves) , (ADJP exclusive (PP of (NP its financial subsidiary))) ,) (PP-DIR to (NP (QP $ 5.5 billion) *U*) (PP-TMP as (PP of (NP Sept. 30))))) , (NP (NP a (ADJP 22 %) increase) (PP from (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ This cushion) (VP could (VP come (PP-CLR in (ADJP handy)) (SBAR-ADV if (S (NP-SBJ-1 GM) (VP has (S (NP-SBJ *-1) (VP to (VP trim (NP fourth-quarter (ADJP North American) production schedules) (ADVP (ADVP more) (PP than (NP the (ADJP already scheduled) 9.5 %))))))))))) .)) (TOP (S (S-TPC-2 (PP-LOC Under (NP the circumstances)) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP wo n't (VP be (ADJP-PRD easy) (SBAR-1 for (S (NP-SBJ GM) (VP to (VP exceed (NP (NP its record 1988 fourth-quarter net) (PP of (NP (QP $ 1.4 billion) *U*)))))))))) , (NP-SBJ the spokesman) (VP acknowledged (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ That) (VP means (SBAR 0 (S (NP-SBJ it) (VP 's (ADJP-PRD unlikely (SBAR 0 (S (NP-SBJ the company) (VP will (VP surpass (NP (NP last year 's) (ADJP (QP $ 4.9 billion) *U*) full-year profit)))))) , (SBAR-ADV even though (S (NP-SBJ (NP net) (PP for (NP the first nine months))) (VP was (ADVP-PRD up (NP 1.9 %) (PP to (NP (QP $ 3.52 billion) *U*))) (PP on (NP (NP revenue) (PP of (NP (QP $ 95.57 billion) *U*))))))))))) .)) (TOP (S (NP-SBJ It) (VP earned (NP (QP $ 3.46 billion) *U*) (PP on (NP (NP revenue) (PP of (NP (QP $ 91.21 billion) *U*)))) (PP-TMP in (NP the 1988 nine months))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP two versions) (PP of `` (NP-TTL (NP Measure) (PP for (NP Measure))) '')) (PP-LOC on (NP stage)) (PP-LOC at (NP (NP the Alley Theater) (ADVP-LOC here)))) .)) (TOP (S (S (NP-SBJ One) (VP is (NP-PRD (NP a strong , vigorous portrayal) (PP of (NP (NP Shakespeare 's) play))))) ; (S (NP-SBJ the other) (VP is (NP-PRD (NP (NP director Gregory Boyd 's) overlay) (PP of (NP present-day punk rock decadence)) (PP on (NP old Vienna))))) .)) (TOP (S `` (NP-TTL-SBJ (NP Measure) (PP for (NP Measure))) '' (VP is (NP-PRD (NP one) (PP of (NP (NP (NP Shakespeare 's) `` problem '' plays) , (VP (ADVP so) named (NP *) (SBAR-PRP because (S (NP-SBJ it) (VP does not (VP fit (ADVP-MNR neatly) (PP-CLR into (NP (NP a category) (PP such as (NP tragedy , comedy or history))))))))))))) .)) (TOP (S (NP-SBJ (NP Its (NX (NX ambiguity) and (NX uneasy mixture))) (PP of (NP (NP the serious) and (NP the comic)))) (VP is (NP-ADV no doubt) (NP-PRD (NP one reason) (SBAR (WHADVP-1 why) (S (NP-SBJ it) (VP is (PP-PRD (ADVP very much) in (NP (NP vogue) (PP with (NP directors)))) (ADVP-TMP just now) (ADVP-PRP *T*-1)))))) .)) (TOP (S (S (NP-TMP Last season) , (NP-SBJ Hartford Stage director Mark Lamos) (VP mounted (NP (NP a production) (PP-LOC at (NP Lincoln Center))))) , and (S (ADVP-TMP currently) (NP-SBJ (NP two other productions) (PRN -- (NP (NP (NP one) (VP (ADVP just) closed (NP *)) (PP-LOC at (NP (NP the Old Globe) (PP-LOC in (NP San Diego))))) and (NP (NP another) (RRC (ADVP-TMP now) (PP-LOC at (NP the Seattle Rep))))) --)) (VP overlap (PP-CLR with (NP Mr. Boyd 's)))) .)) (TOP (S (PP-LOC In (NP the play)) , (NP-SBJ-1 (NP the Duke) (PP of (NP Vienna))) (VP (VP despairs (PP-CLR over (NP (NP the licentiousness) (PP of (NP his subjects))))) and (VP turns (PRT over) (NP (NP the rule) (PP of (NP the city))) (PP-CLR to (NP the puritanical Angelo)) , (S-ADV (NP-SBJ *-1) (VP hoping (SBAR 0 (S (NP-SBJ he) (VP can (VP set (S (NP-SBJ things) (ADJP-PRD right)))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Angelo) (VP hears (SBAR that (S (NP-SBJ the young man Claudio) (VP has (VP made (S (NP-SBJ his fiancee) (ADJP-PRD pregnant)) (SBAR-TMP before (S (NP-SBJ he) (VP could (VP marry (NP her))))))))) (ADVP-TMP *T*-1)))) , (NP-SBJ Angelo) (ADVP-MNR summarily) (VP condemns (NP Claudio) (PP-CLR to (NP death))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) , (S (ADVP however) , (NP-SBJ-1 (NP (NP Claudio 's) sister) , (NP Isabella) , (NP (NP a novitiate) (PP-LOC in (NP a convent))) ,) (VP goes (PP-DIR to (NP Angelo)) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP plead (NP (NP her brother 's) case)))) (ADVP-TMP *T*-2)))) , (NP-SBJ the obdurate ruler) (ADVP-TMP immediately) (VP (VP falls (PP-CLR in (NP (NP love) (PP with (NP her))))) and , (VP (PRN (PP-LOC in (NP (NP a supreme act) (PP of (NP hypocrisy)))) ,) demands (SBAR that (S (NP-SBJ Isabella) (VP yield (PRT up) (NP her virtue) (PP-CLR to (NP him)) (PP in (NP (NP exchange) (PP for (NP (NP her brother 's) life))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-2 (NP the Duke) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP set (NP the original scheme) (PP-CLR in (NP motion))))) ,) (VP (VP appears (PP-LOC-CLR on (NP the scene)) (S-MNR (NP-SBJ-3 *-2) (VP disguised (NP *-3) (PP-CLR as (NP a friar))))) and (VP becomes (ADJP-PRD involved (PP in (NP (NP a series) (PP of (NP intrigues)) (SBAR (WHNP-4 that) (S (NP-SBJ *T*-4) (VP has (S (NP-SBJ everyone) (VP fearing (NP the (ADJP worst possible) outcome) (SBAR-TMP until (S (NP-SBJ the Duke) (VP arranges (NP (NP a last minute reprieve) (PP for (NP all concerned)))))))))))))))) .)) (TOP (S (PP For (NP the Alley production)) , (NP-SBJ scene designer Peter David Gould) (VP has (VP arranged (NP (NP a (ADJP (ADJP stark) but (ADJP extremely effective)) set) (VP featuring (NP (NP a rectangular platform) (PP of (NP white-washed boards)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP extends (PP-DIR into (NP the audience)))))))))) .) ) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the action) (VP requires (ADVP-TMP *T*-1)))) , (NP-SBJ (NP a prison cell) , (VP consisting (PP-CLR of (NP an enlarged wire cage))) ,) (VP rolls (ADVP-DIR forward) (PP-MNR on (NP iron wheels)) (PP-LOC on (NP the platform))) .)) (TOP (S (PP-LOC In (NP (NP the play 's) major scenes)) (NP-SBJ Mr. Boyd) (VP demonstrates (SBAR that (S (NP-SBJ he) (VP has (NP (NP a firm grasp) (PP of (NP the Shakespearean dynamic))))))) .)) (TOP (S (SBAR-TMP (SBAR (WHADVP-3 When) (S (NP-SBJ-1 (NP Isabella) (PRN *LRB* (NP Ellen Lauren) *RRB*)) (VP confronts (NP (NP her brother Claudio) (PRN *LRB* (NP Matt Loney) *RRB*)) (PP-LOC in (NP his cell)) , (S-ADV (NP-SBJ *-1) (VP explaining (NP (NP the price) (SBAR (WHNP-2 0) (S (NP-SBJ she) (VP has (VP been (VP asked (NP *) (NP *T*-2) (S-PRP (NP-SBJ *) (VP to (VP secure (NP his freedom)))))))))))) (ADVP-TMP *T*-3)))) ; (SBAR (WHADVP-5 when) (S (NP-SBJ-4 (NP Isabella) and (NP (NP the disguised Duke) (PRN *LRB* (NP Philip Kerr) *RRB*))) (VP conspire (S (NP-SBJ *-4) (VP to (VP trick (NP Angelo)))) (ADVP-TMP *T*-5)))) ; and (SBAR (WHADVP-6 when) (S (NP-SBJ (NP Mariana) (PRN *LRB* (NP Annalee Jefferies) *RRB*) , (NP (NP a woman) (VP wronged (NP *) (PP by (NP-LGS Angelo)))) ,) (VP confronts (NP him) (PP-CLR with (NP his past misdeeds)) (ADVP-TMP *T*-6))))) , (NP-SBJ the performers) (VP bring (NP the dramatic high points) (PP-CLR to (NP life)) (PP-MNR with (NP (NP intense energy) and (NP intelligence)))) .)) (TOP (S (PP-TMP At (NP such moments)) (NP-SBJ Mr. Boyd) (VP makes (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD clear) (SBAR-1 that (S (NP-SBJ he) (VP has (NP (NP the capacity) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP be (NP-PRD (NP a superior interpreter) (PP of (NP Shakespeare))) (ADVP *T*-2))))))))))) .)) (TOP (S (SBAR-TMP (SBAR (WHADVP-3 When) , (S (ADVP however) , (NP-SBJ-1 he) (VP decides (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD modern)))) (ADVP-TMP *T*-3)))) , or (ADVP more accurately) , (SBAR (WHADVP-4 when) (S (NP-SBJ-2 he) (VP decides (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD trendy)))) (ADVP-TMP *T*-4))))) , (NP-SBJ the results) (VP are (ADJP-PRD (ADVP far less) satisfactory)) .)) (TOP (S (NP-SBJ Mr. Boyd) (VP is (PP-PRD of (NP (NP the directorial school) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP believes (SBAR 0 (S (NP-SBJ-2 one) (VP must (VP find (NP modern parallels or metaphors) (S-PRP (NP-SBJ *-2) (VP to (VP make (S (NP-SBJ Shakespeare) (ADJP-PRD accessible (PP to (NP (NP today 's) audiences))))))))))))))))) .) ) (TOP (S (S (NP-SBJ It) (VP 's (NP-PRD a valid approach))) , but (S (NP-SBJ it) (VP puts (NP a heavy burden (S *ICH*-1)) (PP-PUT on (NP the director)) (S-1 (NP-SBJ *) (VP to (VP show (NP (NP an uncommon degree) (PP of (NP imagination and taste)))))))) .)) (TOP (S (PP-LOC In (NP his `` (NX-TTL Measure))) , '' (NP-SBJ-3 Mr. Boyd) (VP has (VP `` modernized '' (NP (NP the pimps and prostitutes) (PP of (NP Vienna)) (SBAR (WHNP-1 whom) (S (NP-SBJ-2 Angelo) (VP is (VP supposed (S (NP-SBJ *-2) (VP to (VP bring (NP *T*-1) (PP-CLR under (NP control)))))))))) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP converting (NP them) (PP-CLR into (NP (NP transvestites) , (NP punk rockers) and (NP heavy metal types))) , (PP with (NP (NP a strong emphasis) (PP on (NP (NP leather) , (NP chains) and (NP porno-inspired costumes)))))))))) .) ) (TOP (S (NP-SBJ Loud rock music) (VP accompanies (NP (NP all the scene changes) , even (NP (NP those) (PP-LOC in (NP the convent))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 Claudio) (VP is (VP arrested (NP *-1) (ADVP-TMP *T*-2))))) , (NP-SBJ-3 he) (VP is (VP brought (NP-4 *-3) (PP-DIR on (NP stage)) (S-ADV (NP-SBJ *-4) (ADJP-PRD nude (PP except (PP for (NP (NP the manacles) (PP-LOC on (NP his wrists and ankles))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 (NP the opportunist Lucio) (PRN *LRB* (NP Jack Stehlin) *RRB*)) (VP visits (NP the convent) (S-PRP (NP-SBJ *-1) (VP to (VP inform (NP Isabella) (PP-CLR of (NP (NP her brother 's) fate))))) (ADVP-TMP *T*-2)))) , (NP-SBJ Lucio) (VP (CONJP not only) (VP slaps (NP the mother superior) (PP-LOC-CLR on (NP her rear))) , but (VP brings (PRT along) (NP (NP a voluptuous companion) (PRN *LRB* (NP Jill Powell) *RRB*) , (PP not in (NP (NP Shakespeare 's) script)) , (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP undulate (ADVP-MNR lasciviously)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-2 (NP the pimp Pompey) (PRN *LRB* (NP Glen Allen Pruett) *RRB*)) , (S-ADV (NP-SBJ *-2) (VP dressed (PP-CLR in (NP (NP black leather) and (NP a prominent codpiece))))) , (VP indulges (PP-CLR in (NP (NP enough (NX (NX obscene gestures) and (NX pelvic thrusts))) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP launch (NP a space probe)))))))) .)) (TOP (S (NP-SBJ The problem) (ADVP-LOC here) (VP is not (PP-LOC-PRD (PP in (NP the concept)) but (PP in (NP (NP its lack) (PP of (NP discrimination)))))) .)) (TOP (S (NP-SBJ (NP The inclusion) (PP-TMP at (NP one point)) (PRN , (PP for (NP example)) ,) (PP of (NP (NP a list) (PP of (NP (NP glitzy modern-day malefactors) , (VP ranging (PP-CLR (PP from (NP (NP Jim Bakker) and (NP Leona Helmsley))) (PP to (NP Zsa Zsa Gabor)))) ,))))) (VP is (NP-PRD (NP a bid) (PP for (NP (NP a cheap laugh) (ADJP unworthy (PP of (NP (NP Mr. Boyd 's) ability))))))) .)) (TOP (S (PP Despite (NP the excesses)) , (ADVP however) , (NP-SBJ (NP the scorecard) (PP for (NP the production))) (VP has (NP (NP (ADJP many more) pluses) (PP than (NP minuses)))) .)) (TOP (S (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (NP-PRD more)))) , (NP-SBJ it) (VP represents (NP (NP an important step) (PP for (NP the Alley Theater)))) .)) (TOP (S `` (NP-TTL-SBJ (NP Measure) (PP for (NP Measure))) '' (VP is (NP-PRD (NP (NP Mr. Boyd 's) first directorial assignment) (PP as (NP (NP the theater 's) new artistic director)))) .)) (TOP (S (NP-SBJ He) (VP succeeded (NP (NP Pat Brown) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP was (VP fired (NP *-2) (PP by (NP-LGS the Alley board)) (ADVP-TMP (NP 18 months) ago))))))) .)) (TOP (S (NP-SBJ Her dismissal) (VP (VP angered (NP (NP many) (PP-LOC in (NP the regional theater establishment)))) and (VP led (S (NP-SBJ (NP Peter Zeisler) , (NP (NP head) (PP of (NP Theatre Communications Group))) ,) (VP to (VP write (NP (NP an editorial) (PP-LOC in (NP American Theatre magazine)) (VP condemning (NP the board)))))))) .)) (TOP (S (NP-SBJ (NP None) (PP of (NP this backlash))) (VP could (VP change (NP the fact (SBAR that (S (NP-SBJ (NP Ms. Brown 's) regime) (VP was (ADJP-PRD remarkably undistinguished and unimaginative))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ the Alley) (VP has (VP moved (ADVP-DIR ahead) (PP-LOC on (NP (ADJP both artistic and financial) fronts)))) .)) (TOP (S (SINV (CONJP Not only) is (NP-SBJ Mr. Boyd) (VP giving (NP the theater) (NP (NP a new sense) (PP of (NP adventure and excitement)) (PP on (NP stage))))) , (S (NP-SBJ the balance sheet) (VP is (NP-PRD (NP the best) (SBAR (WHNP-1 0) (S (NP-SBJ the theater) (VP has (VP had (NP *T*-1) (PP-TMP in (NP 10 years))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ *) (VP opposed (PP-CLR to (NP (NP the (ADJP (QP $ 1.4 million) *U*) deficit) (PP of (NP the 1987-88 season))))))) , (NP-SBJ the 1988-89 year) (VP concluded (PP-MNR with (NP (NP a (ADJP $ 200,000 *U*) surplus) and (NP a (ADJP $ 500,000 *U*) cash reserve)))) .)) (TOP (S (S (ADVP Admittedly) (NP-SBJ (NP (NP last season 's) runaway hit) , `` (NP-TTL Steel Magnolias) , '') (VP helped (NP-ADV a lot))) , but (SINV (ADVP-PRD-TPC-1 so) (VP did (ADVP-PRD *T*-1)) (NP-SBJ (NP cost cutting) and (NP (NP other measures) (VP insisted (PP on (NP *)) (PP by (NP-LGS the board)))))) .)) (TOP (S (NP-SBJ Only time) (VP will (VP tell (SBAR if (S (NP-SBJ Mr. Boyd) (VP can (VP restore (PP-CLR to (NP the Alley)) (NP (NP the acclaim) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP received (NP *T*-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP its founder) , (NP Nina Vance) ,) (VP was (PP-LOC-PRD at (NP (NP the height) (PP of (NP her powers)))) (ADVP-TMP *T*-2)))))))))))))) .) ) (TOP (S But (NP-SBJ it) (VP is (ADJP-PRD clear (SBAR 0 (S (NP-SBJ-1 he) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP give (NP it) (NP a shot)))))))))) .)) (TOP (S (NP-SBJ-1 Democratic leaders) (VP (VP have (VP bottled (PRT up) (NP (NP President Bush 's) capital-gains tax cut) (PP-LOC-CLR in (NP the Senate)))) and (VP may (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP prevent (NP (NP a vote) (PP on (NP the issue))) (ADVP-TMP indefinitely)))))))) .)) (TOP (S (NP-SBJ (NP Senate Majority Leader George Mitchell) (PRN *LRB* (NP (NP D.) , (NP-LOC Maine)) *RRB*)) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP intends (S (NP-SBJ-2 *-1) (VP to (VP use (NP Senate procedures) (S-CLR (NP-SBJ *-2) (VP to (VP force (S (NP-SBJ (NP advocates) (PP of (NP the tax cut))) (VP to (VP come (PRT up) (PP-CLR with (NP (QP at least 60) votes)) (SBAR-TMP before (S (NP-SBJ they) (VP can (VP address (NP the issue)))))))))))))))))) .)) (TOP (S And (NP-SBJ neither Democrats nor Republicans) (VP are (VP predicting (SBAR that (S (NP-SBJ the capital-gains forces) (VP can (VP produce (NP enough votes))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ The 60-vote requirement) (VP will (VP be (ADVP-LOC-PRD there)))) and (S (NP-SBJ they) (VP do n't (VP have (NP the 60 votes))))) , '' (NP-SBJ Sen. Mitchell) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ They) (VP do n't (VP have (NP (NP the votes) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP get (S (NP-SBJ it) (VP passed)) (ADVP-MNR *T*-1)))))))) . '')) (TOP (S (NP-SBJ (NP Sen. Bob Packwood) (PRN *LRB* (NP (NP R.) , (NP-LOC Ore.)) *RRB*) , (NP (NP the leading Republican proponent) (PP of (NP the tax cut))) ,) (VP did n't (VP disagree)) .)) (TOP (S `` (S-TPC-3 (NP-SBJ I) (VP 'm not (ADJP-PRD sure (SBAR (WHNP-1 what) (S (NP-SBJ-2 *T*-1) (VP 's (VP going (S (NP-SBJ *-2) (VP to (VP happen)))))))))) , '' (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S (ADVP-TMP Previously) (NP-SBJ he) (VP had (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP would (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP find (NP the requisite 60 votes))))) (ADVP-TMP eventually))))))) .)) (TOP (S (NP-SBJ Sen. Packwood) (VP has (VP offered (NP his capital-gains-cut package) (PP-CLR as (NP (NP an amendment) (PP to (NP (NP a bill) , (ADJP (ADVP-TMP now) pending (PP-LOC in (NP the Senate))) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP authorize (NP (NP aid) (PP to (NP Poland and Hungary))))))))))))) .)) (TOP (S (NP-SBJ-1 Democrats) (VP are (VP holding (PRT up) (NP (NP a vote) (PP on (NP the amendment))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP threatening (NP (NP a filibuster) , or (NP extended debate))))))) .)) (TOP (S (PP For (NP a cloture vote (S (NP-SBJ *) (VP to (VP stop (NP the filibuster)))))) , (NP-SBJ Republicans) (VP must (VP muster (NP (QP at least 60) votes))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ Sen. Packwood) (VP acknowledged , `` (S (NP-SBJ We) (VP do n't (VP have (NP (NP the votes) (PP for (NP cloture))) (NP-TMP today))))) . '')) (TOP (S (NP-SBJ The Republicans) (VP show (NP (NP no sign) (PP of (S-NOM (NP-SBJ *) (VP relenting))))) .)) (TOP (S (NP-SBJ-1 GOP leaders) (VP continued (S (NP-SBJ *-1) (VP to (VP press (PP-CLR for (NP (NP a vote) (PP on (NP (NP the amendment) (PP to (NP the Eastern Europe aid measure)))))))))) .)) (TOP (S And (NP-SBJ-1 they) (VP threatened (S (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP amend (NP (NP any other revenue bill) (PP-LOC in (NP the Senate))) (PP-CLR with (NP the capital-gains provision))))))))) .)) (TOP (SINV `` (S (S (NP-SBJ This) (VP is (NP-PRD serious business))) ; (S (NP-SBJ we) (VP 're (ADJP-PRD serious (PP about (NP a capital-gains reduction)))))) , '' (VP said) (NP-SBJ (NP Kansas Sen. Robert Dole) , (NP (NP the Senate 's) Republican leader)) .)) (TOP (S `` (NP-SBJ The strategy) (VP is ` (S-PRD (NP-SBJ *) (VP Let (S (NP-SBJ 's) (VP vote))))) . ' '')) (TOP (S (NP-SBJ The Republicans) (VP contend (SBAR that (S (NP-SBJ they) (VP can (VP garner (NP (NP a majority) (PP-LOC in (NP the 100-member Senate)) (PP for (NP a capital-gains tax cut)))))))) .)) (TOP (S (NP-SBJ They) (VP accuse (NP-1 the Democrats) (PP-CLR of (S-NOM (NP-SBJ-2 *-1) (ADVP-MNR unfairly) (VP using (NP Senate rules) (S-CLR (NP-SBJ *-2) (VP to (VP erect (NP a 60-vote hurdle)))))))) .)) (TOP (S (NP-SBJ Democrats) (VP counter (SBAR that (S (NP-SBJ-1 the Republicans) (VP have (ADVP-TMP often) (VP used (NP the same rules) (S-CLR (NP-SBJ *-1) (VP to (VP suit (NP their own ends))))))))) .)) (TOP (S (NP-SBJ The two sides) (ADVP also) (VP traded (NP (NP accusations) (PP about (NP (NP the cost) (PP of (NP the Packwood plan)))))) .)) (TOP (S (NP-SBJ Democrats) (VP asserted (SBAR that (S (NP-SBJ (NP the proposal) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP would (VP create (NP (NP a new type) (PP of (NP individual retirement account))))))) ,) (VP was (ADJP-PRD fraught (PP with (NP (NP budget gimmickry) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP lose (NP (NP billions) (PP of (NP dollars))) (PP-TMP in (NP the long run))))))))))))) .) ) (TOP (S (NP-SBJ Republicans) (VP countered (SBAR that (S (NP-SBJ long-range revenue estimates) (VP were (ADJP-PRD unreliable))))) .)) (TOP (S (NP-SBJ The Packwood proposal) (VP would (VP reduce (NP the tax) (PP depending (PP on (SBAR (WHADVP-2 how long) (S (NP-SBJ-1 an asset) (VP was (VP held (NP *-1) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP would (VP create (NP (NP a new IRA) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP shield (PP-CLR from (NP taxation)) (NP (NP the appreciation) (PP on (NP (NP investments) (VP made (NP *) (PP-PRP for (NP (NP a wide variety) (PP of (NP purposes)) , (PP including (NP (NP retirement) , (NP medical expenses) , (NP first-home purchases) and (NP tuition)))))))))))))))) .) ) (TOP (S (NP-SBJ A White House spokesman) (VP said (SBAR 0 (S (NP-SBJ President Bush) (VP is `` (ADJP-PRD generally supportive '' (PP of (NP the Packwood plan))))))) .)) (TOP (S (NP-SBJ Marsh & McLennan Cos.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP the rest) (PP of (NP (NP Gradmann & Holler) , (NP (NP a leading West German insurance brokerage firm) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ it) (VP has (VP held (NP a (ADJP 15 %) stake) (PP-LOC-CLR *T*-2) (PP-TMP for (NP 15 years))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The transaction) , (PP for (NP cash and stock)) ,) (VP would (VP represent (NP the biggest European takeover) (PP-TMP since (NP 1980)) (PP for (NP (NP New York-based Marsh & McLennan) , (NP (NP the world 's) largest insurance broker))))) .)) (TOP (S (NP-SBJ It) (VP 's (ADVP also) (NP-PRD (NP the first major sign) (PP of (NP (NP the long-awaited consolidation) (PP-LOC in (NP the European insurance industry))))) (SBAR-ADV as (S (NP-SBJ the European Community Commission) (VP moves (PP-DIR toward (NP (NP a single market) (PP-TMP by (NP 1992)))))))) .)) (TOP (S (NP-SBJ Protective barriers) (VP will (VP start (VP coming (ADVP-CLR down) (PP-LOC within (NP the insurance industry)) (NP-TMP (NP next summer) , (SBAR (WHADVP-1 when) (S (NP-SBJ-2 big industrial companies) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP buy (NP insurance) (PP-CLR from (NP (NP carriers) (PP-LOC in (NP any other EC country)))) (PP-TMP for (NP the first time)))))) (ADVP-TMP *T*-1))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ That) (VP 's (SBAR-PRD (WHADVP-1 why) `` (S (NP-SBJ-3 we) (VP have (VP been (VP working (ADVP-MNR hard) (S-PRP (NP-SBJ *-3) (VP to (VP develop (NP (NP a single , (ADJP more unified) presence) (PP-LOC in (NP Europe)))))) (ADVP-PRP *T*-1)))))))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP A.J.C. Smith) , (NP (NP Marsh & McLennan 's) president) ,) (PP-LOC at (NP a London news conference)) (NP-TMP yesterday) .)) (TOP (S (NP-SBJ Analysts) (VP speculated (SBAR that (S (NP-SBJ Marsh & McLennan) (VP would (VP spend (PP-NOM between (NP (NP (NP (NP (QP 250 million) marks) (PRN -LRB- (NP (QP $ 136.4 million) *U*) -RRB-)) and (NP (QP 350 million) marks)) (NP *ICH*-1))) (PP-CLR for (NP (NP the rest) (PP of (NP Gradmann & Holler)))) , or (NP-1 (QP roughly 25 to 30 times) (NP the private firm 's) estimated earnings)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP is (VP paying (NP a big price) (S-PRP (NP-SBJ *) (VP to (VP maintain (NP (NP their virility) (PP as (NP (NP the world 's) leading insurance broker))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Philip Olsen) , (NP (NP an analyst) (PP-LOC at (NP (NP Kitcat & Aitken) , (NP a U.K. brokerage firm))))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ-1 New York Life Insurance Co.) (VP (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP Windsor Group Ltd.))))) , (NP-ADV (NP a first step) (PP toward (S-NOM (NP-SBJ *) (VP establishing (NP a presence) (PP-LOC in (NP the European market)) (ADVP-TMP ahead (PP of (NP 1992)))))))) .)) (TOP (S But (NP-SBJ-2 most U.S. insurers) (VP have n't (VP rushed (S (NP-SBJ *-2) (VP to (VP change (NP (NP the way) (SBAR (WHADVP-3 0) (S (NP-SBJ they) (VP do (NP business) (PP-LOC in (NP Europe)) (ADVP-MNR *T*-3)))))))) (SBAR-PRP because (S (NP-SBJ they) (VP believe (SBAR 0 (S (NP-SBJ-1 the European market) (VP will (ADVP still) (VP be (VP dominated (NP *-1) (PP by (NP-LGS (NP a handful) (PP of (NP domestic companies)))))))))))))) .)) (TOP (S (PP-LOC Under (NP the proposed combination)) , (NP-SBJ Marsh & McLennan) (VP would (VP gain (NP (NP a majority stake) (PP in (NP Gradmann & Holler)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP increase (PP-TMP over (NP time)) (PP-CLR to (NP (NP the rest) (PP of (NP the remaining 85 %))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ The three managing general partners) (VP would (VP receive (NP (NP a `` significant '' number) (PP of (NP Marsh & McLennan shares)))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Walther L. Kiep) , (NP (NP a partner) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP would (ADVP also) (VP join (NP (NP Marsh & McLennan 's) board))))))) .)) (TOP (S (NP-SBJ Mr. Kiep) (VP said (SBAR 0 (S (NP-SBJ he) (VP sought (NP the combination) (SBAR-PRP because `` (S (S (NP-SBJ (NP all our large clients) (PP-LOC in (NP Germany))) (VP are (VP becoming (NP-PRD (NP European companies) or (NP multinational companies))))) and (S (NP-SBJ they) (VP expect (S (NP-SBJ an insurance broker) '' (VP to (VP serve (NP them) (ADVP-MNR (ADVP as well) (PP *ICH*-1)) (PP-LOC in (NP Paris)) (PP-1 as (PP-LOC in (NP Germany)))))))))))))) .)) (TOP (S (NP-SBJ (NP Beatrice E. Garcia) (PP-LOC in (NP Philadelphia))) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (NP-HLN WASHINGTON --)) (TOP (S (NP-SBJ United Technologies Corp.) (VP won (NP (NP an (ADJP (QP $ 18 million) *U*) Army contract) (PP for (NP (NP helicopter modifications) and (NP spare parts))))) .)) (TOP (S (NP-SBJ The company) (VP will (VP modify (NP one UH-60A Blackhawk transport helicopter) (PP-CLR to (NP the prototype MH-60K configuration)) (PP-PRP for (NP (NP use) (PP by (NP military special forces)))))) .)) (TOP (S (NP-SBJ-1 (NP Ingalls Shipbuilding Inc.) , (NP (NP a division) (PP of (NP Litton Industries Inc.))) ,) (VP was (VP given (NP *-1) (NP (NP a (ADJP (QP $ 15.5 million) *U*) extension) (PP on (NP (NP a contract) (PP for (NP shipyard services))))))) .)) (TOP (S (NP-SBJ Furukawa Electric Co.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP increase (NP (NP production) (PP of (NP computer memory devices))) (PP-MNR on (NP a large scale)) (PP-LOC in (NP (NP the U.S.) and (NP Japan)))))))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP the move)))) , (NP-SBJ (NP its affiliated U.S. company) , (NP International Components Technology Corp.) ,) (VP purchased (NP (NP a Mexican plant) (VP (ADVP-TMP formerly) belonging (PP-CLR to (NP KSI Disc Products Inc))))) .)) (TOP (S (NP-SBJ-1 The price) (VP was n't (VP disclosed (NP *-1))) .)) (TOP (S (ADVP Together (PP with (NP (NP two existing plants) (PP-LOC in (NP the U.S.))))) , (NP-SBJ Furukawa) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP expand (NP (NP its current local monthly production) (PP of (NP memory disks))) (PP-DIR to (NP (QP 1.4 million) sheets)) (PP-DIR from (NP 800,000))))))) .)) (TOP (S (PP-LOC In (NP Japan)) , (NP-SBJ Furukawa) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP raise (NP production) (PP-LOC at (NP (NP a plant) (PP-LOC outside (NP Tokyo)))) (PP-DIR to (NP (NP 300,000 sheets) (ADVP monthly))) (PP-DIR from (NP 100,000))))))) .)) (TOP (S (NP-SBJ Furukawa) (VP said (SBAR 0 (S (NP-SBJ the U.S. market) (VP is (VP strengthening (SBAR-ADV as (S (NP-SBJ related computer technology) (VP gains (PP in (NP sophistication and quality)))))))))) .)) (TOP (S (NP-SBJ (NP PRIMERICA Corp.) , (NP-LOC New York) ,) (VP raised (NP its quarterly 14 %) (PP-DIR to (NP (NP eight cents) (NP-ADV a share))) , (PP-DIR from (NP seven cents)) , (S-ADV (NP-SBJ *) (ADJP-PRD payable (NP-TMP Nov. 24) (PP to (NP (NP stock) (PP of (NP record)) (NP-TMP Nov. 6)))))) .)) (TOP (S (NP-SBJ (NP The financial services company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP (QP about 98.8 million) shares) (ADJP outstanding))))) ,) (VP noted (NP (NP its `` continued confidence) (PP in (NP (NP the ongoing strength) (PP of (NP the operations)))))) .)) (TOP (S (NP-SBJ Compaq Computer Corp.) (VP said (SBAR that (S (NP-SBJ-1 its net income) (VP rose (NP-EXT 51 %) (PP-TMP in (NP the third quarter)) , (S-ADV (S (NP-SBJ *-1) (VP bolstered (NP *) (PP by (NP-LGS (NP unusual gains) (PP from (NP (NP its investment) (PP in (NP a disk-drive maker)))))))) and (S (NP-SBJ *) (VP reflecting (NP (NP continued growth) (PP-LOC in (NP its European operations)))))))))) .)) (TOP (S (NP-SBJ The computer maker) (VP said (SBAR 0 (S (NP-SBJ net) (VP jumped (PP-DIR to (NP (NP (QP $ 87 million) *U*) , or (NP (NP $ 2.02 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 58 million) *U*) , or (NP (NP $ 1.40 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Sales) (VP increased (NP-EXT 36 %) (PP-DIR to (NP (QP $ 683 million) *U*)) (PP-DIR from (NP (QP $ 502 million) *U*))) .)) (TOP (S (NP-SBJ (NP The latest quarter 's) results) , (ADVP however) , (VP included (NP (NP (NP a pretax gain) (PP of (NP (NP (QP $ 13.7 million) *U*) , or (NP (NP 20 cents) (NP-ADV a share)) ,)) (PP in (NP (NP the carrying value) (PP of (NP (NP (NP the company 's) investment) (PP in (NP Conner Peripherals Inc.))))))) and (NP (NP (NP a (ADJP (QP $ 7.6 million) *U*) gain) , or (NP (NP 11 cents) (NP-ADV a share))) , (PP from (NP (NP the sale) (PP of (NP (QP one million) Conner shares))))))) .)) (TOP (S (NP-SBJ (NP Net) (PP for (NP the nine months))) (VP was (NP-PRD (NP (QP $ 254 million) *U*) , or (NP (NP $ 5.94 *U*) (NP-ADV a share)) ,) (ADVP up (NP 56 %) (PP from (NP (NP (QP $ 163 million) *U*) , or (NP (NP $ 4.06 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 50 %) (PP-DIR to (NP (QP $ 2.1 billion) *U*)) (PP-DIR from (NP (QP $ 1.4 billion) *U*))) .)) (TOP (S (NP-SBJ (NP Net) (PP for (NP the year-earlier nine months))) (ADVP also) (VP included (NP (NP a gain) (PP of (NP (NP (QP $ 9.7 million) *U*) , or (NP (NP 15 cents) (NP-ADV a share)) ,)) (PP in (NP (NP the carrying value) (PP of (NP the Conner investment)))))) .)) (TOP (S (NP-SBJ (NP Michael Swavely) , (NP (NP president) (PP of (NP (NP Compaq 's) North America division))) ,) (VP attributed (NP (NP the company 's) third-quarter performance) (PP-CLR to (NP (NP continued increases) (PP in (NP (NP international sales) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP accounted (PP-CLR for (NP (NP (NP 43 %) (PP of (NP (NP the company 's) sales))) , (NP (NP a (ADJP 74 %) increase) (PP from (ADVP-TMP (NP a year) earlier))))))))))))) .)) (TOP (S `` (S-TPC-2 (PP-TMP Over (NP (NP the next couple) (PP of (NP years)))) (NP-SBJ-1 we) (VP would not (VP be (ADJP-PRD surprised (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ (NP Europe) and (NP international -LCB- sales -RCB-)) (VP represent (NP (NP 50 %) (PP of (NP (NP the company 's) revenues)))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (PP-TMP During (NP the third quarter)) , (NP-SBJ Compaq) (VP purchased (NP (NP a former Wang Laboratories manufacturing facility) (PP-LOC in (NP (NP Stirling) , (NP Scotland) ,)) (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP used (NP *-1) (PP-CLR for (NP international service and repair operations))))))))) .)) (TOP (S (NP-SBJ Mr. Swavely) (VP said (SBAR 0 (S (NP-SBJ the new space) (VP will (VP allow (S (NP-SBJ Compaq) (VP to (VP increase (NP (NP the manufacturing capacity) (PP of (NP (NP its plant) (PP-LOC in (NP (NP Erskine) , (NP Scotland)))))))))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Compaq shares) (VP fell (NP-EXT $ 1.625 *U*) (PP-DIR to (NP $ 108.625 *U*))) .)) (TOP (S (NP-SBJ-1 (NP Wilson H. Taylor) , (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP this insurance and financial services concern))) ,) (VP was (VP elected (NP *-1) (PP-CLR to (NP (NP the additional post) (PP of (NP chairman)))))) .)) (TOP (S (NP-SBJ (NP Mr. Taylor) , (ADJP (NP 45 years) old) ,) (VP succeeds (NP (NP Robert D. Kilpatrick) , (NP 64) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP retiring , (SBAR-ADV as (S (NP-SBJ *) (VP reported (ADVP-TMP earlier)))))))))) .)) (TOP (S (NP-SBJ Mr. Kilpatrick) (VP will (VP remain (NP-PRD a director))) .)) (TOP (S (NP-SBJ Diversified Investment Group Inc.) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP agreed (S (NP-SBJ-1 *-2) (VP to (VP be (VP acquired (NP *-1) (PP by (NP-LGS Star States Corp.)) (PP-CLR for (NP (NP stock) (VP valued (NP *) (PP-CLR at (NP (NP (NP $ 13.75 *U*) (NP-ADV a share)) , or (NP (QP about $ 24.4 million) *U*)))))))))))))) .)) (TOP (S (NP-SBJ (NP Diversified) , (NP (NP the holding company) (PP for (NP Fidelity Federal Savings & Loan Association))) ,) (VP said (SBAR 0 (S (NP-SBJ the agreement) (ADVP also) (VP gives (NP Star States) (NP the option (S (NP-SBJ *) (VP to (VP acquire (NP (NP 588,300) (PP of (NP (NP (NP Diversified 's) 1,774,326 shares) (ADJP outstanding)))) `` (PP under (NP certain circumstances)))))))))) . '')) (TOP (S (NP-SBJ The acquisition) (VP would (VP give (NP (ADJP Wilmington , Del.-based) Star States) (NP (NP access) (PP to (NP the Pennsylvania market))))) .)) (TOP (S (NP-SBJ The agreement) (VP is (ADJP-PRD subject (PP to (NP (NP regulatory approval and resolution) (PP of (NP (NP lawsuits) (VP brought (NP *) (PP by (NP-LGS certain Diversified holders)) (PP in (NP (NP connection) (PP with (NP the proposed merger))))))))))) .)) (TOP (S (NP-SBJ Chandler Insurance Co.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (SBAR 0 (S (NP-SBJ third-quarter net income) (VP jumped (NP-EXT 97 %) (PP-DIR to (NP (NP (QP $ 2.8 million) *U*) , or (NP (NP 51 cents) (NP-ADV a share)))))))))))))) .)) (TOP (S (PP-TMP In (NP the year-earlier quarter)) , (NP-SBJ the automobile and trucking insurer) (VP had (NP (NP earnings) (PP of (NP (NP (QP $ 1.4 million) *U*) , or (NP (NP 48 cents) (NP-ADV a share)))) (PP on (NP a restated basis)) , (PP on (NP (NP revenue) (PP of (NP (QP $ 16.5 million) *U*)))))) .)) (TOP (S (PP-LOC In (NP an interview)) , (NP-SBJ (NP W. Brent LeGere) , (NP (NP chairman) and (NP chief executive officer)) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ (NP revenue) (PP-TMP in (NP the latest quarter))) (VP to (VP total (NP (QP about $ 28 million) *U*)))))))) .)) (TOP (S (NP-SBJ The earnings-per-share figures) (VP reflect (NP (NP a (ADJP 25 %) stock dividend) (PP-TMP in (NP June 1989)))) .)) (TOP (S (NP-SBJ Mr. LeGere) (VP attributed (NP the earnings increase) (PP-CLR to (NP (NP (NP growth) (PP-LOC in (NP (NP the company 's) longhaul trucking insurance lines))) and (NP the ability (S (NP-SBJ *) (VP to (VP keep (S (NP-SBJ premium rates) (ADJP-PRD firm))))))))) .)) (TOP (S (NP-SBJ Calgon Carbon Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP build (NP (NP a (ADJP (QP $ 40 million) *U*) plant) (PP for (S-NOM (NP-SBJ *) (VP producing (NP granular activated carbon)))))))))) .)) (TOP (S (S (NP-SBJ (NP The maker) (PP of (NP water-treatment chemicals and equipment))) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP select (NP the plant site) (NP-TMP early next year))))))) , and (S (NP-SBJ-1 production) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP begin (PP-TMP-CLR in (NP 1991)))))))) .)) (TOP (S (S (NP-SBJ *) (VP Call (NP (NP Jim Wright 's) office (PP-LOC in (NP (NP downtown Fort Worth) , (NP Texas) ,))) (NP-TMP these days))) and (S (NP-SBJ the receptionist) (ADVP still) (VP answers (NP the phone) , `` (NP (NP Speaker Wright 's) office))) . '')) (TOP (S (NP-SBJ-1 (NP The former congressman) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP resigned (PP-CLR as (NP (NP speaker) (PP of (NP the House)))) (PP-TMP after (NP (NP an investigation) (PP of (NP his financial dealings))))))) ,) (VP is (VP ensconced (NP *-1) (PP-CLR in (NP (NP his district office) , (VP maintained (NP *) (PP by (NP-LGS taxpayers)) (PP on (NP a (ADJP $ 200,000 *U*) allowance))))))) .)) (TOP (S (NP-SBJ He) (VP is (VP negotiating (NP a rich book contract) (PP to (NP boot)))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the hottest tickets) (PP on (NP (NP Washington 's) social calendar)) (NP-TMP this fall)))) (VP was (NP-PRD (NP a charity benefit) (VP honoring (NP (NP former Congressman Tony Coelho) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP landed (NP (NP a million-dollar job) (PP-LOC on (NP Wall Street))) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP resigning (PP over (NP a controversial junk-bond investment)) (NP-TMP last summer))))))))))) .)) (TOP (S (NP-SBJ (NP Michael Deaver) , (NP the former White House aide) ,) (VP has (VP become (NP-PRD (NP the most recent addition) (PP to (NP (NP the teeming ranks) (PP of (NP (NP fallen politicians and officials) (VP earning (NP their way) (PP-MNR as (NP lobbyists and consultants)) (ADVP-LOC here))))))))) .)) (TOP (S (NP-SBJ Mr. Deaver) (VP has (VP reopened (NP a public-relations business))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Surviving (NP scandal))) (VP has (VP become (NP-PRD (NP a rite) (PP of (NP political passage))) (PP-TMP at (NP (NP a time) (SBAR (WHADVP-1 when) (S (NP-SBJ (NP a glut) (PP of (NP scandal))) (VP has (VP blunted (NP (NP this town 's) sensibility) (ADVP-TMP *T*-1))))))))) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ *) (VP Let (S (NP-SBJ the president) (VP demand (NP strict new ethics rules))))) : (S (UCP (SBAR-ADV With (S (NP-SBJ four sitting House members) (VP accused (NP *) (PP-CLR of (NP sexual misdeeds))))) , (PP amid (NP the unfolding HUD scandal)) and (PP-TMP after (NP the Wright debacle))) , `` (NP-SBJ-2 people) (VP are (ADVP slightly) (VP dulled (NP *-2) (PP by (NP-LGS scandal)))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ political humorist Art Buchwald) .)) (TOP (S `` (NP-SBJ It) (ADVP-TMP now) (VP takes (NP (NP something) (ADJP really weird)) (S-PRP (NP-SBJ *) (VP to (VP inspire (NP public outrage))))) . '')) (TOP (S (NP-SBJ Not all the scandal-tripped) (VP have (VP enjoyed (NP soft landings))) .)) (TOP (S But (NP-SBJ many) (VP have (VP *?*)) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ These people) (VP bounce (ADVP-CLR back) (ADVP-MNR (ADVP more resiliently) (PP than (NP regular people))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Washington writer Suzanne Garment) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP working (PP-CLR on (NP (NP a history) (PP of (NP post-Watergate scandal))))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Given (NP (NP their own penchant) (PP for (NP book writing))))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD surprising) (SBAR-1 that (S (NP-SBJ (NP none) (PP of (NP (NP the masters) (PP of (NP scandal survival))))) (VP have (ADVP yet) (VP published (NP (NP a guide) (PP to (NP the art)))))))) .)) (TOP (S For (NP-SBJ there) (VP is (NP-PRD (NP an emerging protocol) (PRN -- (ADVP indeed) , (NP an etiquette) --) (PP to (NP it)))) .)) (TOP (PP Among (NP the rules) :)) (TOP (S-HLN (NP-SBJ *) (VP Pretend (SBAR 0 (S (NP-SBJ Nothing) (VP Happened)))))) (TOP (S (SBAR-ADV As if (S (NP-SBJ he) (VP were (ADVP-TMP still) (PP-LOC-PRD in (NP his old job))))) , (NP-SBJ-2 Mr. Wright) , (PP-MNR by (S-NOM (NP-SBJ-1 *-2) (VP (VP resigning (PP with (NP his title))) (CONJP instead of) (VP being (VP forced (NP *-1) (PP-CLR from (NP his job))))))) , (PP by (NP law)) (VP enjoys (NP (NP a (ADJP $ 120,000 *U*) annual office expense allowance) , (NP three paid staffers) , (NP (NP (QP up to $ 67,000) *U*) (PP for (NP stationery and telephones))) and (NP (NP continued use) (PP of (NP the franking privilege))))) .)) (TOP (S (NP-SBJ *) Not (VP to (VP mention (NP a generous federal pension))) .)) (TOP (S (NP-SBJ There) (VP is (ADVP also) (NP-PRD (NP a busy schedule) (PP of (NP (NP speaking engagements) (PP at (NP (NP $ 10,000 *U*) (NP-ADV a pop))) , (PP-LOC at (NP (NP tony places) (PP including (NP the Yale Political Union)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ He) (VP 's (ADJP-PRD (ADJP as busy) (SBAR as (S (NP-SBJ he) (VP was (ADJP-PRD *?*) (PP as (NP speaker)))))))) , '' (VP reports (S *T*-1)) (NP-SBJ (NP (NP Mr. Wright 's) administrative aide) , (NP Larry Shannon)) .)) (TOP (S-HLN (NP-SBJ *) (VP Atone))) (TOP (S (PP-LOC On (NP (NP the edge) (PP of (NP fashionable Georgetown)))) , (PP-LOC in (NP (NP a chic office) (PP with (NP (NP a river view) and (NP (NP a number) (PP of (NP (NP corporate clients) (SBAR (WHNP-1 whom) (S (NP-SBJ he) (VP wo n't (VP name (NP *T*-1)))))))))))) , (NP-SBJ-2 Mr. Deaver) (VP is (VP trying (S (NP-SBJ *-2) (VP to (VP reclaim (NP (NP his reputation) (PP as (NP (NP one) (PP of (NP (NP the savviest image makers) (PP-LOC in (NP town)))))))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP few mementos) (PP of (NP (NP his days) (PP as (NP (NP (NP White House deputy chief) (PP of (NP staff))) and (NP (NP confidant) (PP of (NP Ronald and Nancy Reagan))))))))) .)) (TOP (S (NP-SBJ-1 The former (ADJP $ 3 million-a-year *U*) lobbyist) (ADVP-TMP now) (VP (VP frequents (NP (NP shelters) (PP for (NP the homeless)))) and (VP devotes (NP (NP a third) (PP of (NP his time))) (S-CLR (NP-SBJ *-1) (VP counseling (NP other recovering alcoholics))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP feel (ADVP (ADVP better) (SBAR than (S (NP-SBJ I) (ADVP-TMP ever) (VP have (VP *?* (PP-TMP in (NP my life))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Deaver) (VP confessed (PP-CLR to (NP his alcoholism)) (PP-TMP during (NP (NP his trial) (PP on (NP perjury charges))))) .)) (TOP (S (NP-SBJ-2 He) (VP is (ADVP also) (NP-PRD a recovering workaholic) , (S-ADV (NP-SBJ *-2) (VP (VP relaxing (PP with (NP his family))) and (VP creating (NP (NP (NP topiary) , or (NP garden-shrub sculpture) ,) (NP (NP a fashionable pursuit) (SBAR (WHPP-1 for (WHNP which)) (S (NP-SBJ he) (VP developed (NP (NP a passion) (PP *T*-1)) (PP-TMP during (NP his three-year legal ordeal))))))))))) .)) (TOP (NP (NP (NP One sign) (PP of (NP (NP Mr. Deaver 's) renaissance))) : (NP (NP an appearance) (PP on (NP (NP ABC 's) `` Nightline '')) (PP for (NP (NP a show) (PP on (NP pack journalism))))) .)) (TOP (S (NP-SBJ Host Ted Koppel) (VP introduced (NP him) (PP-CLR as `` (NP (NP the media master) (PP of (NP the Reagan Administration)))) , '' (PP-MNR with (NP (NP nary a mention) (PP of (NP (NP (NP Mr. Deaver 's) conviction) (PP-TMP in (NP 1987)) (PP on (NP perjury charges))))))) .)) (TOP (S-HLN (NP-SBJ *) (VP Finding (NP God)))) (TOP (SINV `` (S-TPC-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ someone) (VP says , ` (S (NP-SBJ I) (VP 've (VP turned (PP-CLR to (NP God))))) (ADVP-TMP *T*-1)))) , ' (NP-SBJ everybody) (VP lays (PRT off))) , '' (VP observes (S *T*-2)) (NP-SBJ (NP Frank Mankiewicz) , (NP an (NX (NX old Washington hand) and (NX (NX former aide) (PP to (NP Robert Kennedy)))))) .)) (TOP (SINV (ADVP Thus) have (NP-SBJ (NP Charles Colson) and (NP Jeb Magruder)) (VP launched (NP successful post-Watergate careers) (PP-CLR at (NP the pulpit))) .)) (TOP (S But (NP-SBJ it) (VP does n't (ADVP-TMP always) (VP work (ADVP-MNR so smoothly))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ allegations (SBAR *ICH*-1)) (VP surfaced (PP-LOC in (NP a 1985 divorce contest)) (SBAR-1 that (S (NP-SBJ he) (VP had (VP beaten (NP his wife)))))))) , (NP-SBJ SEC enforcement chief John Fedders) (VP retreated (PP-LOC to (NP (NP a Trappist monastery) (PP-LOC in (NP rural Virginia))))) .)) (TOP (S (S (NP-SBJ He) (VP is (ADVP-TMP now) (PP-PRD in (NP (NP solo law practice) (PP-LOC in (NP Washington)))))) , but (S (S (NP-SBJ his fees) (VP have (VP been (ADJP-PRD meager)))) and (S (NP-SBJ he) (VP failed (PP-LOC in (NP efforts (S (NP-SBJ *) (VP to (VP win (NP (NP a chunk) (PP of (NP (NP (NP his ex-wife 's) royalties) (PP on (NP her tell-all book))))))))))))) .)) (TOP (S (PP-TMP From (NP (NP time) (PP to (NP time)))) (NP-SBJ he) (VP returns (PP-CLR to (NP the monastery)) (PP-PRP for (NP (NP prayer) , (NP meditation) and (NP pro bono legal work)))) .)) (TOP (S (NP-SBJ Mr. Fedders) (VP is (ADJP-PRD philosophical (PP about (NP his travails)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This whole experience) (VP has (VP been (NP-PRD (NP an opportunity) (PP for (NP internal growth)))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP sees (NP a psychoanalyst) (NP-TMP (NP five mornings) (NP-ADV a week))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 've (VP surrendered (PP-CLR to (NP the circumstances))))) , '' (NP-SBJ Mr. Fedders) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ The word surrender) (VP has (NP a precise psychoanalytic meaning)) .)) (TOP (S (NP-SBJ My universe) (VP has (VP changed)) .)) (TOP (S (NP-SBJ I) (VP 'm (VP enjoying (NP (NP my life) and (SBAR-NOM (WHNP-1 who) (S (NP-SBJ I) (VP am (NP-PRD *T*-1) (NP-TMP today))))))) .)) (TOP (S (NP-SBJ (NP The aspect) (PP of (S-NOM (NP-SBJ *) (VP being (NP-PRD a mega-lawyer))))) (VP is n't (ADJP-PRD as important)) . '')) (TOP (S-HLN (NP-SBJ *) (VP Do n't (VP Linger)))) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The best thing) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP can (VP do (NP *T*-1)))))) (VP is (VP get (PP-DIR off (NP the screen))))) , '' (VP says (S *T*-2)) (NP-SBJ Mr. Buchwald) .)) (TOP (S (NP-SBJ Nobody) (VP proved (NP that) (ADVP-MNR (ADVP more masterfully) (PP than (NP (NP Mr. Coelho) , (NP the former Democratic majority whip))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Declaring (SBAR that (S (NP-SBJ there) (VP was (NP-PRD (NP life) (PP after (NP Congress)))))))) , (NP-SBJ-1 he) (VP resigned (ADVP-TMP almost immediately) (SBAR-TMP after (S (NP-SBJ media reports) (VP questioned (NP (NP the propriety) (PP of (NP a 1986 junk-bond investment)))))) , (SBAR-TMP before (S (NP-SBJ any official investigations) (VP took (NP hold))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-2 Among (NP (NP the glitterati) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP turned (PRT out) (PP-MNR in (NP bipartisan black-tie force)) (S-PRP (NP-SBJ *-3) (VP to (VP benefit (NP the Coelho Epilepsy Fund)))) (NP-TMP last month)))))) (VP were (PP-LOC-PRD *T*-2)) (NP-SBJ (NP Sen. Robert Dole) , (NP Rep. Newt Gingrich) , and (NP (NP other kingpins) (PP of (NP Congress)))) .)) (TOP (S (NP-SBJ Dan Rather) (VP served (PP-CLR as (NP emcee))) .)) (TOP (S (PP From (NP (NP his new , million-dollar-a-year perch) (PP-LOC on (NP Wall Street)) (PP as (NP (NP a managing director) (PP of (NP Wertheim Schroder & Co.)))))) , (NP-SBJ Mr. Coelho) (VP reports (SBAR that (S (NP-SBJ-2 (NP many) (PP of (NP his former colleagues))) (VP have (VP contacted (NP him) (S-PRP (NP-SBJ *-2) (VP to (VP find (PRT out) (SBAR (WHADVP-1 how) (S (NP-SBJ they) , (ADVP too) , (VP can (VP pursue (NP investment banking careers) (ADVP-MNR *T*-1))))))))))))) .)) (TOP (S-HLN (NP-SBJ It) (VP Helps (S-CLR (NP-SBJ *) (VP to (VP Be (NP-PRD Male))))))) (TOP (S (NP-SBJ Male scandal victims) (ADVP invariably) (VP fare (ADVP-MNR better)) .)) (TOP (S (NP-SBJ-1 (NP Anne Burford) , (NP (NP the former EPA chief) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP resigned (PP under (NP fire)) (PP-TMP in (NP 1983)) (PP-TMP during (NP (NP a flap) (PP with (NP Congress)))))))) ,) (VP was (VP kayoed (NP *-1) (PP-LOC in (NP the confrontation)) , (SBAR-ADV even though (S (NP-SBJ-3 she) (VP was (ADVP-TMP never) (VP charged (NP *-3) (PP-CLR with (NP official wrondgoing)))))))) .)) (TOP (S (NP-SBJ She) (VP (VP worked (ADVP-MNR part-time) (PP-CLR as (NP a consultant))) and (VP wrote (NP a book)) , but (VP (ADVP-TMP never) restarted (NP her high-powered legal career))) .)) (TOP (S (NP-SBJ It) (VP did n't (VP help (SBAR-TMP-CLR (WHADVP-1 when) , (S (PP-TMP in (NP 1986)) , (NP-SBJ-2 she) (VP was (VP (VP charged (NP *-2)) (PRN -LRB- and (VP (ADVP-TMP then) cleared (NP *-2)) -RRB-) (PP on (NP (NP allegations) (PP of (NP public drunkenness)))) (ADVP *T*-1))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP (VP cut (NP my losses)) and (VP ran))) , '' (NP-SBJ she) (VP says (S *T*-1) , (PP-LOC from (NP (NP her new home) (PP-LOC in (NP Colorado)) , (SBAR (WHADVP-2 where) (S (NP-SBJ-3 she) (VP is (ADJP-PRD busy) (S-MNR (NP-SBJ *-3) (VP remodeling)) (ADVP-LOC *T*-2))))))) .)) (TOP (S (NP-SBJ Mrs. Burford) (VP remains (ADJP-PRD bitter (PP over (NP (NP the overwhelming legal expenses) (VP involved (NP *) (PP-CLR in (S-NOM (NP-SBJ *) (VP clearing (NP her name))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 My husband) (VP was (ADVP instantly) (VP impoverished (NP *-2) (PP by (NP-LGS (NP the very act) (PP of (S-NOM (NP-SBJ *) (VP marrying (NP me))))))))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Another former EPA official) , (NP Rita Lavelle) ,) (VP is (ADVP still) (VP struggling (PP-TMP after (NP (NP her conviction) (PP-TMP in (NP 1983)) (PP on (NP perjury charges)))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ There) (VP 's (NP-PRD (NP nothing) (SBAR (WHNP-1 0) (S (NP-SBJ-3 she) (VP could (VP do (NP *T*-1) (S-PRP (NP-SBJ *-3) (VP to (VP bring (NP herself) (ADVP-DIR back (PP to (SBAR (WHADVP-2 where) (S (NP-SBJ she) (VP was (ADVP-LOC-PRD *T*-2)))))))))))))))) , '' (VP says (S *T*-4)) (NP-SBJ (NP her lawyer) , (NP James Bierbower)) .)) (TOP (S `` (S (NP-SBJ You) (VP could (VP say (SBAR 0 (S (NP-SBJ she) (VP survived)))))) , but (S (NP-SBJ it) (VP was n't (ADJP-PRD easy (PP on (NP her))))) . '')) (TOP (S (NP-SBJ-1 No book contracts) (VP have (VP been (VP dangled (NP *-1) (PP-LOC before (NP (NP Deborah Gore Dean) , (NP (NP the reigning queen) (PP of (NP the HUD scandal)))))))) .)) (TOP (S (NP-SBJ-1 (NP Donna Rice) (PP of (NP Gary Hart fame))) (VP (VP failed (S (NP-SBJ *-1) (VP to (VP obtain (NP a book contract))))) and (VP lost (NP (NP her modeling contract) (PP for (NP `` No Excuses '' jeans))))) .)) (TOP (S (NP-SBJ-1 (NP Fawn Hall) , (NP (NP Oliver North 's) former secretary) ,) (VP has (ADVP-CLR yet) (S (NP-SBJ *-1) (VP to (VP launch (NP a hoped-for television news career)))) , (PP according (PP to (NP her lawyer)))) .)) (TOP (S (NP-SBJ-1 (NP Rita Jenrette) , (NP (NP the former wife) (PP of (NP Abscam-indicted Rep. John Jenrette))) ,) (VP has (ADVP-CLR yet) (S (NP-SBJ *-1) (VP to (VP hit (NP it) (ADVP-CLR big) (PP-LOC in (NP Hollywood))))) , (SBAR-ADV although (S (PP with (NP (NP roles) (PP in (NP (NP such movies) (PP as (NP `` (NP-TTL Zombie Island Massacre) '' and `` (NP-TTL (NP Aunt Ida 's) Bikini Shop))))))) , '' (NP-SBJ she) (VP is (VP doing (ADVP-MNR (ADVP (NP-ADV a lot) better) (PP than (NP her former husband)))))))) .)) (TOP (S (NP-SBJ He) (VP was (ADVP-LOC-PRD back (PP in (NP jail))) (PP-TMP over (NP the summer)) (PP on (NP shoplifting charges))) .)) (TOP (S-HLN (NP-SBJ *) (VP Be (NP-PRD the Star)))) (TOP (S (NP-SBJ (NP Central figures) (PRN -- (PP such as (NP Richard Nixon)) --)) (ADVP-TMP usually) (VP fare (ADVP (ADVP better) (PP than (NP (NP those) (PP with (NP supporting roles)))))) .)) (TOP (S (NP-SBJ-1 (NP Richard Secord) , (NP (NP the retired Air Force general) (VP felled (NP *) (PP-LOC in (NP the Iran-Contra scandal)))) ,) (VP is (ADJP-PRD (ADVP all but) ruined) (PRN -- (S-ADV (NP-SBJ-2 *-1) (VP forced (S (NP-SBJ *-2) (VP to (VP (VP sell (NP his Virginia home)) and (VP pull (NP his kids) (PP-CLR out (PP of (NP college))))))) , (PP according (PP to (NP (NP a recent fund-raising appeal) (VP sent (NP *) (PRT out) (PP on (NP his behalf)))))))))) .)) (TOP (S Yet (NP-SBJ (NP (NP his co-defendant) (PP-LOC in (NP the case))) (PRN -- (ADVP also) (NP (NP a former military officer) (PP by (NP (NP the name) (PP of (NP Oliver North))))) --)) (VP has (VP been (ADVP-MNR busily and profitably) (VP burnishing (NP (NP his involvement) (PP in (NP the affair)))))) .)) (TOP (SBARQ (WHNP-1 What) (SQ (NP-SBJ *T*-1) (VP accounts (PP-CLR for (NP the difference)))) ?)) (TOP (S (PP-TMP During (NP the televised Iran-Contra hearings)) , (NP-SBJ Mr. North) (VP came (PRT off) (PP-CLR as (NP (NP a patriot) (PP from (NP central casting))))) .)) (TOP (S (NP-SBJ (NP Mr. Secord 's) performance) (VP was (ADJP-PRD decidedly less inspiring)) .)) (TOP (S (NP-SBJ Mr. North) (VP remains (PP-PRD in (NP (NP heavy demand) (PP as (NP (NP a speaker) , (PP for (NP (NP fees) (VP reported (NP *) (PP-CLR in (NP the (ADJP $ 20,000 *U*) range)))))))))) .)) (TOP (S (PP-LOC Even in (NP (NP the wake) (PP of (NP Hurricane Hugo)))) (NP-SBJ 750 people) (VP turned (PRT out) (PP-LOC in (NP a remote Virginia town)) (PP-TMP in (NP September)) (PP-PRP for (NP (NP a `` family tribute '') (PP to (NP Mr. North)) (VP given (NP *) (PP by (NP-LGS (NP (QP two dozen) conservative members) (PP of (NP Congress)))))))) .)) (TOP (S-HLN (SBAR-ADV If (S (NP-SBJ Sex) (VP Is (ADJP-PRD Involved)))) , (NP-SBJ All Bets) (VP Are (ADVP-PRD Off)))) (TOP (S (S (NP-SBJ Sex scandals) (VP make (S (NP-SBJ people) (VP look (ADJP-PRD careless and silly))))) , and (S (NP-SBJ (NP one) (PP of (NP (NP the worst sins) (PP-LOC in (NP Washington))))) (VP is (S-PRD (NP-SBJ-1 *) (VP to (VP be (VP laughed (PP-CLR at (NP *-1)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ You) (VP can (VP be (ADJP-PRD (ADJP wicked) , but (ADJP not foolish))))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Mankiewicz) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ-2 (NP Rep. Gerry Studds) (PP of (NP Massachusetts))) (VP was (ADVP-MNR handily) (VP re-elected (NP *-2) (PP-PRP because of (NP (NP the candor) (SBAR (WHPP-1 with (WHNP which)) (S (NP-SBJ he) (VP handled (NP revelations (SBAR that (S (NP-SBJ he) (VP had (NP sex) (PP-CLR with (NP a male congressional page)) (PP-TMP in (NP 1983)))))) (PP-MNR *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Former Rep. Robert Bauman) , (NP (NP a Maryland Republican) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP lost (NP his seat) (PP-TMP in (NP 1980)) (SBAR-TMP after (S (NP-SBJ-2 he) (VP was (VP caught (S (NP-SBJ *-2) (VP soliciting (NP sex) (PP-CLR from (NP a 16-year-old boy)))))))))))) ,) (VP has (ADVP-TMP never) (VP regained (NP (NP his professional footing) (PP as (NP a lawyer))))) .)) (TOP (S (NP-SBJ (NP Mr. Bauman) , (NP a conservative) ,) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP was (VP deserted (NP *-1) (PP by (NP-LGS the right wing))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Conservatives) (VP shoot (NP their own))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 the political establishment) (VP is (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP forgive (NP sexual misadventures)))))))) , (NP-SBJ the private sector) (ADVP-TMP sometimes) (VP will (VP *?*)) .)) (TOP (S (NP-SBJ-1 John Tower) (VP was (VP accused (NP *-1) (PP-CLR of (NP womanizing and boozing)) (PP-TMP during (NP (NP his unsuccessful bid (S (NP-SBJ *) (VP to (VP win (NP (NP confirmation) (PP as (NP (NP secretary) (PP of (NP defense))))))))) (NP-TMP earlier this year))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ he) (VP is (VP (VP writing (NP a book)) , (VP serving (PP-LOC on (NP an elite foreign policy advisory board))) and (VP consulting (PP for (NP (NP an array) (PP of (NP (NP corporate clients) , (PP including (NP British publishing mogul Robert Maxwell))))))))) .)) (TOP (S-HLN (NP-SBJ *) (VP Become (NP-PRD a Lobbyist)))) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ (NP all) (ADJP else)) (VP fails (ADVP-TMP *T*-1)))) , (NP-SBJ (NP Gucci Gulch) (PRN -- (NP (NP the fabled halls) (PP of (NP the Capitol)) (VP inhabited (NP *) (PP by (NP-LGS (NP lobbyists) and (NP their imported shoes))))) --)) (VP offers (NP (NP a welcome environment) (PP for (NP fallen officials)))) .)) (TOP (S (NP-SBJ (NP Former Rep. Fernand St Germain) , (VP brought (NP *) (ADVP-CLR down) (PP by (NP-LGS the savings-and-loan crisis))) ,) (ADVP-TMP now) (VP represents (PRN -- (S (NP-SBJ you) (VP guessed (NP it))) --) (NP savings-and-loans associations)) .)) (TOP (S (NP-SBJ Some) (VP become (NP-PRD pseudo-lobbyists)) .)) (TOP (S (NP-SBJ John Mack) (ADVP promptly) (VP quit (NP (NP his job) (PP *ICH*-2)) (NP-TMP last spring) (PP-2 as (NP (NP an aide) (PP to (NP Speaker Wright)))) (PP-LOC amid (NP (NP public outrage) (PP over (NP (NP (NP Mr. Mack 's) violent attack) (PP on (NP a young woman)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP was (ADJP-PRD (NP 19 years) old) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (S (PP-TMP After (NP (NP a few weeks) (PP-LOC in (NP seclusion)))) , (NP-SBJ-1 Mr. Mack) (VP opened (NP a consulting firm) , (PRN but (S-PRP (NP-SBJ *-1) not (VP to (VP enable (S (NP-SBJ him) (VP to (VP (ADVP-MNR directly) lobby))))))))) ; (S (NP-SBJ that) (VP would (VP require (S (NP-SBJ-2 him) (VP to (VP disclose (NP his clients) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP registering (PP-CLR as (NP a lobbyist))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ Mr. Mack) (VP says (SBAR 0 (S (NP-SBJ he) (VP talks (PP-CLR to `` (NP (NP 30 members) (PP of (NP Congress)) (NP-ADV a week))))))) . '')) (TOP (S-HLN (NP-SBJ Misery) (VP Loves (NP Company)))) (TOP (S (NP-SBJ Other scandal survivors) (VP are (ADVP-TMP sometimes) (NP-PRD (NP the best source) (PP of (NP solace)))) .)) (TOP (S (NP-SBJ-4 (NP Raymond Donovan) , (NP (NP the New Jersey construction executive) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP was (VP (VP forced (S (NP-SBJ *-2) (VP to (VP resign (PP-CLR as (NP labor secretary)))))) and (VP indicted (NP *-2) (PP-TMP in (NP 1985))) , (S-ADV (ADVP only) (NP-SBJ-3 *-2) (VP to (VP be (VP acquitted (NP *-3) (PP-CLR of (NP fraud charges))))))))))) ,) (ADVP-TMP often) (VP calls (NP other scandal-tossed public figures) (S-PRP (NP-SBJ *-4) (VP to (VP offer (NP a sympathetic ear))))) .)) (TOP (S-2 (NP-TMP (NP Each time) (SBAR (WHADVP-1 0) (S (NP-SBJ a new scandal) (VP hits (ADVP-TMP *T*-1))))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) ,) `` (NP-SBJ it) (VP pulls (NP the scabs) (PP-CLR off (NP your knees))) . '')) (TOP (S (NP-SBJ (NP One) (PP of (NP the first people)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP come (PP-DIR to (NP the Deaver home)) (SBAR-TMP after (S (NP-SBJ his troubles) (VP erupted)))))))) (VP was (NP-PRD (NP former Nixon aide John Ehrlichman) , (SBAR (WHNP-1 whom) (S (NP-SBJ Mr. Deaver) (VP (ADVP-MNR scarcely) knew (NP *T*-1)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ He) (VP reassured (NP me) (SBAR that (S (NP-SBJ the hurricane) (VP would (VP end)))))) , '' (NP-SBJ Mr. Deaver) (VP recalls (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Bauman) (VP received (NP an encouraging letter) (PP-CLR from (NP (NP (NP the recognized master) (PP of (NP scandal survival))) , (NP Richard Nixon)))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ Mr. Bauman) : `` (S-1 (SBAR-ADV If (S (NP-SBJ things) (VP get (ADJP-PRD really tough)))) , (NP-SBJ I) (VP can (ADVP-TMP always) (VP auction (NP it) (PRT off) (PP-LOC at (NP Sotheby 's))))) .)) (TOP (S (NP-SBJ-1 The Canadian government) , (PP with (NP (NP a view) (PP to (S-NOM (NP-SBJ *) (VP becoming (ADJP-PRD more politically active (PP-LOC in (NP Latin America)))))))) , (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP announce (NP-TMP tomorrow) (NP its application (S (NP-SBJ *) (VP to (VP join (NP (NP (NP the Organization) (PP of (NP American States))) , (NP a Washington-based regional agency))))))))))) .)) (TOP (S (NP-SBJ-1 The expected Canadian move) (VP has (VP been (VP welcomed (NP *-1) (PP by (NP-LGS the Bush administration)) (SBAR-ADV even though (S (NP-SBJ Canada) (VP has (VP opposed (NP (NP such U.S. actions) (PP as (NP (NP (NP the trade embargo) (PP against (NP Cuba))) , (NP (NP the invasion) (PP of (NP Grenada))) and (NP (NP the military support) (PP for (NP (NP Nicaragua 's) Contra guerrillas))))))))))))) .)) (TOP (S (NP-SBJ (ADJP Latin American) countries) (VP have (ADVP-TMP long) (VP urged (NP-3 Canada) (S (NP-SBJ *-3) (VP to (VP join (NP the OAS) (PP in (NP the hopes (SBAR that (S (NP-SBJ it) (VP would (VP be (NP-PRD (NP a counterweight) (PP to (NP (NP the U.S.) , (SBAR (WHNP-1 which) (S (PP-TMP for (NP many years)) (NP-SBJ-2 *T*-1) (VP tended (S (NP-SBJ *-2) (VP to (VP dominate (NP the 32-nation organization))))))))))))))))))))) .)) (TOP (S (SBAR-ADV Even though (S (NP-SBJ the U.S.) (ADVP also) (VP has (VP supported (NP Canadian membership))))) , (NP-SBJ it) (VP has n't (VP been (NP-PRD a Washington priority))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The fact (SBAR that (S (NP-SBJ we) (VP might not (VP side (PP-CLR with (NP the Americans))))))) (VP may (VP be (NP-PRD (NP a reason) (SBAR (WHADVP-2 why) (S (NP-SBJ (NP (NP Canada 's) membership) (PP in (NP the OAS))) (VP has n't (VP been , (PP-TMP over (NP the years)) , (NP-PRD (NP an item) (ADVP high (PP on (NP the U.S. agenda)))) (ADVP-PRP *T*-2))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Allan Gotlieb) , (NP (NP former Canadian ambassador) (PP to (NP the U.S)))) .)) (TOP (S (NP-SBJ-3 The Canadian application) (VP is (VP expected (S (NP-SBJ-1 *-3) (VP to (VP be (VP announced (NP *-1) (PP-LOC in (NP (NP San Jose) , (NP Costa Rica) ,)) (PP by (NP-LGS (NP Canadian Prime Minister Brian Mulroney) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP is (VP attending (NP (NP a centenary celebration) (PP of (NP Costa Rican democracy))))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ Canada) (VP has (NP (NP a (ADJP (ADJP larger) and (ADJP more beneficial)) role) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP play (NP *T*-1))))) (PP-LOC in (NP the hemisphere))))) , '' (NP-SBJ Mr. Mulroney) (VP said (S *T*-2) (ADVP-TMP recently)) .)) (TOP (S (NP-SBJ Some Canadian political commentators) (VP have (VP opposed (S (NP-SBJ Canada 's) (VP joining (SBAR-NOM (WHNP-1 what) (S (NP-SBJ they) (VP see (NP *T*-1) (PP-CLR as (NP a U.S.-dominated organization))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Canada) (VP could (VP do (NP (NP plenty) (PP of (NP things))) (S-PRP (NP-SBJ *) (VP to (VP get (ADJP-PRD serious (PP about (NP Latin America))) (PP without (S-NOM (NP-SBJ *) (VP running (NP (NP the risk) (PP of (S-NOM (NP-SBJ-2 *) (VP getting (VP caught (NP *-2) (PP-LOC in (NP (NP the cross fire) '' (PP between (NP (NP the U.S.) and (NP (NP (ADJP Latin American) members) (PP of (NP the OAS))))))))))))))))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Jeffrey Simpson) , (NP (NP a columnist) (PP-LOC in (NP (NP Toronto 's) Globe & Mail newspaper)))) .)) (TOP (S (NP-SBJ Canada) , (PP-TMP at (NP times)) , (VP could (VP be (NP-PRD an awkward OAS partner) (PP for (NP the U.S.)) (SBAR-ADV if (S (NP-SBJ its United Nations voting record) (VP is (NP-PRD an indication)))))) .)) (TOP (S (PP-LOC In (NP U.N. General Assembly votes)) (NP-TMP last year) , (NP-SBJ Canada) (VP voted (NP (NP the same) (PP as (NP the U.S.))) (NP-TMP (NP (QP only 63) %) (PP of (NP the time)))) .)) (TOP (S (S (NP-SBJ-1 France) (VP voted (NP (NP the same) (PP as (NP the U.S.))) (NP-TMP-2 (NP 76 %) (PP of (NP the time))))) , (S (NP-SBJ=1 West Germany) (NP-TMP=2 79 %)) and (S (NP-SBJ=1 Britain) (NP-TMP=2 83 %)) .)) (TOP (S (NP-SBJ (NP Larry Birns) , (NP (NP director) (PP of (NP (NP (NP the Washington-based Council) (PP on (NP Hemispheric Affairs))) , (NP a liberal research group) ,)))) (VP said (SBAR that (S (NP-SBJ (ADJP Latin American) countries) (VP would (VP be (ADJP-PRD `` profoundly disappointed '') (SBAR-ADV if (S (NP-SBJ-1 Canada) (VP were (S (NP-SBJ *-1) (VP to (VP follow (NP (NP the U.S. lead) (PP-LOC in (NP the OAS)))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ Latin Americans) (VP see (NP Canada) (PP-CLR as (NP (NP a non-interventionist power) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP respects (NP their sovereignty)))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ-3 (NP The OAS) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP tries (S (NP-SBJ *-2) (VP to (VP promote (NP (NP peace) and (NP economic development)) (PP-LOC within (NP the Americas)))))))) ,) (VP is (VP attempting (S (NP-SBJ *-3) (VP to (VP find (NP (NP a settlement) (PP of (NP the current Panama political crisis)))))))) .)) (TOP (S (S (NP-SBJ-1 Cuba) (VP has (VP been (VP suspended (NP *-1) (PP-CLR from (NP OAS membership)))))) , but (S (NP-SBJ (NP the organization 's) members) (VP are (VP discussing (NP (NP Cuba 's) reinstatement)))) .)) (TOP (S (NP-SBJ (NP (NP (NP Robert H. Knight 's) Oct. 5 editorial-page article) (VP bemoaning (NP (NP violence) (PP-LOC in (NP comedy movies))))) (PRN -LRB- `` (S-TTL (NP-VOC Hollywood) , (NP-SBJ You) (VP Slay (NP Me))) '' -RRB-)) (VP is (ADJP-PRD (ADJP interesting) , but (ADJP somewhat off-base))) .)) (TOP (S (PP As (NP (NP a fan) (PP of (NP (NP older movies) (PP (PP from (NP the 1920s)) (ADVP on)))))) , (NP-SBJ I) (VP do not (VP find (SBAR 0 (S (NP-SBJ modern comedies) (VP contain (NP (NP violence) , (NP sex) and (NP foul language)) (PP to (NP (NP any greater degree) (PP than (NP other recent movies))))))))) .)) (TOP (S (NP-SBJ Older movies) (VP have (NP (NP plenty) (PP of (NP violence))) , (SBAR-ADV though (S (NP-SBJ-1 it) (VP is (VP portrayed (NP *-1) (PP-MNR in (NP (NP keeping) (PP with (NP (NP the (ADJP more restrictive) social conventions) (PP of (NP the time))))))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP one) (PP of (NP my favorite movies))) (VP is (NP-PRD (NP the 1949 British comedy `` (NX-TTL Kind Hearts and Coronets)) , '' (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 the entire comedy) (VP is (VP based (NP *-1) (PP-CLR on (S-NOM (NP-SBJ actor Dennis Price 's) (VP murdering (NP (NP eight titled relatives) (PRN -LRB- (VP (ADVP all) played (NP *) (PP by (NP-LGS Alec Guinness))) -RRB-)) (SBAR-PRP because (S (NP-SBJ they) (VP (VP snubbed (NP his mother)) and (VP stand (PP-LOC-CLR in (NP (NP the way) (PP of (S-NOM (NP-SBJ his) (VP acquiring (NP the family title))))))))))))) (PP *T*-2))))))) .)) (TOP (S (ADVP Similarly) , (NP-SBJ (NP one) (PP of (NP (NP the (ADJP most popular) comedy genres) (PP of (NP the 1930s and '40s))))) (VP was (NP-PRD the `` murder mystery/comedy)) . '')) (TOP (S (NP-SBJ (NP (NP The `` Thin Man '' series) (PP of (NP movies))) , (CONJP as well as) (NP many others) ,) (VP based (NP their entire comedic appeal) (PP-CLR on (NP (NP the star detectives ') witty quips and puns)) (SBAR-TMP as (S (NP-SBJ-1 (NP other characters) (PP-LOC in (NP the movies))) (VP were (VP murdered (NP *-1)))))) .)) (TOP (S (ADVP Further) , (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-1 Mr. Knight) (VP made (NP a poor choice) (PP-LOC in (S-NOM (NP-SBJ *-1) (VP picking `` (NP-TTL (NP A Fish) (VP Called (S (NP-SBJ *) (NP-PRD Wanda)))) '' (PP-CLR as (NP (NP an example) (PP of (NP (NP the deplorable state) (PP of (NP modern comedy movies))))))))))))) .)) (TOP (S (NP-SBJ (NP The specific scene) (SBAR (WHNP-3 0) (S (NP-SBJ he) (VP mentions (NP *T*-3)))) (SBAR (WHPP-4 in (WHNP which)) (S (NP-SBJ-1 pet dogs) (VP are (VP crushed (NP *-1) (PP-LOC *T*-4)))))) (VP is (ADJP-PRD somewhat reminiscent (PP of (NP (NP the continual plights) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP befall (NP the coyote) (PP-LOC in (NP the old Warner Bros . `` Road Runner '' cartoons))))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP no slow-motion close-up , blood-and-guts portrayal) (PP of (NP (NP the animal 's) demise)))) .)) (TOP (S (NP-SBJ *) (VP Keep (PP-LOC-CLR in (NP mind)) (SBAR that (S (NP-SBJ this) (VP is (NP-PRD (NP the same movie) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 a character) (VP is (VP flattened (NP *-1) (PP by (NP-LGS a steamroller)) (S (NP-SBJ *-1) (ADVP only) (VP to (VP (VP pop (ADVP-CLR right back up)) and (VP peer (PP-CLR in (NP (NP the window) (PP of (NP a Boeing 747)))) -- (PP from (NP the outside)) -- (SBAR-TMP as (S (NP-SBJ it) (VP takes (PRT off)))))))) (PP-LOC *T*-2)))))))))) .)) (TOP (S (NP-SBJ I) (VP will (VP be (NP-PRD (NP the first) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP agree (SBAR that (S (NP-SBJ there) (VP is (NP-PRD (NP much) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP found (S (NP-SBJ *-1) (ADJP-PRD wrong (PP with (NP modern movie making)))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Many modern scriptwriters) (VP seem (S (NP-SBJ-2 *-1) (VP to (VP be (ADJP-PRD incapable (PP of (S-NOM (NP-SBJ *-2) (VP writing (NP (NP (NP drama) , or (NP anything else) ,) (PP without (NP foul-mouthed cursing))))))))))) .)) (TOP (S (S (NP-SBJ Sex and violence) (VP are (VP (ADVP routinely) included (SBAR (WHADVP-1 even when) (S (NP-SBJ they) (VP are (ADJP-PRD irrelevant (PP to (NP the script))) (ADVP-TMP *T*-1))))))) , and (S (NP-SBJ high-tech special effects) (VP are (ADVP continually) (VP substituted (PP-CLR for (NP (NP good plot) and (NP character development)))))) .)) (TOP (S (PP In (ADJP short)) , (NP-SBJ we) (VP have (NP (NP a movie and television industry) (SBAR (WHNP-14 that) (S (NP-SBJ-1 *T*-14) (VP is (ADJP-PRD either incapable or petrified (PP of (S-NOM (NP-SBJ *-1) (VP making (NP a movie) (SBAR-ADV unless (S (NP-SBJ it) (VP carries (NP a PG-13 or R rating))))))))))))) .)) (TOP (S (ADVP Hence) (NP-SBJ-1 (NP copious amounts) (PP of (NP (NP gratuitous sex) , (NP violence) and (NP gutter language)))) (VP are (VP included (NP *-1) (PP-CLR as (NP a crutch)))) .)) (TOP (S (ADVP However) , (S (NP-SBJ these faults) (VP are not (NP-PRD (NP the exclusive property) (PP of (NP modern comedies))))) , and (S (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ Mr. Knight) (VP errs (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 he) (VP attempts (S (NP-SBJ *-2) (VP to (VP link (NP this modern phenomenon) (ADVP too closely) (PP-CLR to (NP (NP a single category) (PP of (NP movie making))))))) (ADVP-TMP *T*-1))))))))) .)) (TOP (NP Michael Smith)) (TOP (S (NP-SBJ Rochester Telephone Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP Viroqua Telephone Co.) (PP of (NP (NP Viroqua) , (NP Wis))))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Rochester) (VP will (VP exchange (NP (NP shares) (PP of (NP its common stock))) (PP-CLR for (NP (NP all shares) (ADJP outstanding) (PP of (NP (NP Viroqua Telephone) , (NP a family-owned company))))))) .)) (TOP (S (NP-SBJ Viroqua) (VP serves (NP (NP (QP about 3,000) access lines) (PP-LOC in (NP western Wisconsin)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The average unemployment rate) (PP-LOC in (NP the 15 biggest industrialized democracies))) (VP was (ADJP-PRD steady) (PP-TMP in (NP August)) (PP at (NP (NP the (ADJP 6.1 %) rate) (PP of (NP the two previous months)))))) , (NP-SBJ (NP (NP the Organization) (PP for (NP Economic Cooperation and Development))) (PRN -LRB- (NP OECD) -RRB-)) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The August rate) (VP was (ADJP-PRD (ADJP (NP-ADV 0.6 percentage point) lower) (PP than (PP-TMP in (NP (NP the like month) (ADVP-TMP (NP a year) earlier))))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP the pickup) (PP of (NP activity)) (PP-LOC in (NP the 15 countries)))))) .)) (TOP (S (S (NP-SBJ The OECD) (VP said (SBAR that (S (NP-SBJ (NP most) (PP of (NP the improvement))) (VP occurred (PP-TMP in (NP (NP the second half) (PP of (NP last year))))))))) ; (S (PP-TMP since (NP (NP February) (PP of (NP this year)))) , (NP-SBJ unemployment) (VP has (VP been (ADJP-PRD steady) (PP at (NP (NP (QP around 6.2) %) (PP of (NP the labor force))))))) .)) (TOP (S (NP-SBJ ALAMCO Inc.) (VP said (SBAR 0 (S (NP-SBJ its board) (VP has (VP approved (NP a 1-for-10 reverse stock split)))))) .)) (TOP (S (NP-SBJ (NP The (NAC-LOC Clarksburg , W.Va. ,) producer) (PP of (NP gas and oil)) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP wants (S (NP-SBJ shareholders) (VP to (VP approve (NP the split) (SBAR-PRP because (S (NP-SBJ it) (VP would `` (VP enhance (NP (NP the marketability '' and trading) (PP of (NP the stock)))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 *) (VP approved (NP *-1) (PP-LOC at (NP (NP a shareholder meeting) (PP-TMP in (NP December))))))) , (S (NP-SBJ (NP the number) (PP of (NP (NP shares) (ADJP outstanding)))) (VP would (VP decrease (PP-DIR to (NP (QP five million))) (PP-DIR from (NP (QP 50 million)))))) , and (S (NP-SBJ par value) (VP would (VP rise (PP-DIR to (NP 10 cents)) (PP-DIR from (NP a penny))))) .)) (TOP (S (NP-SBJ Duriron Co.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP Automax Inc.) , (NP (NP a Cincinnati maker) (PP of (NP (NP control accessories) (PP for (NP industrial valves)))))))))))))) .)) (TOP (S (S (NP-SBJ-2 Terms) (VP were n't (VP disclosed (NP *-2)))) , but (S (NP-SBJ Duriron) (VP said (SBAR 0 (S (NP-SBJ-1 the deal) (VP will (VP be (VP completed (NP *-1) (PP-MNR through (NP (NP an exchange) (PP of (NP stock))))))))))) .)) (TOP (S (NP-SBJ (ADJP Closely held) Automax) (VP has (NP (NP annual sales) (PP of (NP (QP about $ 10 million) *U*)))) .)) (TOP (S (NP-SBJ (NP Duriron) , (NP (NP a maker) (PP of (NP (NP pumps) , (NP valves) and (NP other controls)))) ,) (VP said (SBAR 0 (S (NP-SBJ the acquisition) (VP wo n't (VP impact (NP its 1989 profit)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Canadian manufacturers) (VP recorded (NP (NP a (ADJP 0.8 %) decline) (PP-TMP in (NP August)) (PP in (NP (NP their backlog) (PP of (NP unfilled orders))))))) , (NP-SBJ (NP Statistics Canada) , (NP a federal agency) ,) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The August drop) (VP was (NP-PRD (NP the fourth decline) (PP-TMP in (NP five months)))) .)) (TOP (S (NP-SBJ-1 (NP Most) (PP of (NP the August decrease))) (VP was (VP attributed (NP *-1) (PP-CLR to (NP (NP lower order backlogs) (PP-LOC in (NP the (ADJP (ADJP primary metal) and (ADJP electric and electronics-product)) industries)))))) .)) (TOP (S (NP-SBJ (NP Manufacturers ') shipments) (VP rose (NP-EXT 0.3 %) (PP-TMP in (NP August)) (PP-TMP following (NP (NP two months) (PP of (NP declines))))) .)) (TOP (S (NP-SBJ Inventories) (VP fell (NP-EXT 0.3 %) (PP-TMP in (NP August))) .)) (TOP (S (NP-SBJ (NP Burmah Oil PLC) , (NP a British independent oil company) ,) (VP said (SBAR 0 (S (NP-SBJ its (ADJP West German) subsidiary Castrol) (VP has (NP (NP a (ADJP 49 %) share) (PP in (NP (NP Explonaft G.m.b.H.) , (NP a new Polish lubricants company)))))))) .)) (TOP (S (NP-SBJ-1 (NP The remaining 51 %) (PP of (NP the joint venture))) (VP will (VP be (VP controlled (NP *-1) (PP by (NP-LGS Polish lubricants manufacturers , refiners and technical institutes))))) .)) (TOP (S (NP-SBJ Explonaft) (VP will (VP (VP develop (NP (NP application guidelines) (PP for (NP lubricants)))) , (VP sell (NP high-quality mineral oils)) , and (VP offer (NP (NP services) (PP-LOC in (NP (NP industrial cleaning) and (NP related fields))))))) .)) (TOP (S (NP-SBJ (NP Burmah) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP a strong market position) (VP supplying (NP (NP marine lubricants) and (NP metal-working fluids)) (PP-LOC in (NP Poland))))))) ,) (VP described (NP the joint venture) (PP-CLR as `` (ADJP fairly small))) . '')) (TOP (S (NP-SBJ It) (VP did n't (VP provide (NP (NP details) (PP of (NP setup costs))))) .)) (TOP (S (NP-SBJ Du Pont Co.) (VP reported (SBAR that (S (NP-SBJ third-quarter profit) (VP grew (NP-EXT a robust 19 %) (PP-DIR from (ADVP-TMP (NP a year) ago)) (PP on (NP (NP the strength) (PP of (NP (NP (NP the company 's) operations) (PP-LOC (PP in (NP various chemicals and fibers)) , and (PP in (NP petroleum))))))))))) .)) (TOP (S (NP-SBJ Du Pont) (ADVP also) (VP (VP raised (NP its quarterly dividend) (PP-DIR to (NP (NP $ 1.20 *U*) (NP-ADV a share))) (PP-DIR from (NP $ 1.05 *U*))) , (NP-ADV (NP a change) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP increase (NP (NP the annualized payout) (PP to (NP shareholders))) (PP-EXT by (NP (QP some $ 140 million) *U*)))))))) .)) (TOP (S (NP-SBJ Du Pont) , (PP unlike (NP (NP companies) (VP hurt (NP *) (ADVP-MNR badly) (PP by (NP-LGS (NP sharp price declines) (PP for (NP basic chemicals and plastics))))))) , (VP is (VP benefiting (PP-CLR from (NP (NP its broad range) (PP of (NP businesses)))))) .)) (TOP (S (NP-SBJ-1 The profit gain) (VP was (VP made (NP *-1) (PP despite (NP (NP (NP a weakening) (PP-LOC in (NP (NP the housing market) , (SBAR (WHPP-4 for (WHNP which)) (S (NP-SBJ the company) (VP is (NP-PRD (NP a supplier) (PP *T*-4)))))))) , and (NP (NP a strengthening) (PP in (NP the dollar)) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP lowers (NP (NP the value) (PP of (NP overseas earnings)) (SBAR (WHADVP-5 when) (S (NP-SBJ-2 they) (VP are (VP translated (NP *-2) (PP-CLR into (NP dollars)) (ADVP-TMP *T*-5)))))))))))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Wilmington , Del. ,) company) (VP reported (NP (NP net) (PP of (NP (NP (QP $ 547 million) *U*) , or (NP (NP $ 2.36 *U*) (NP-ADV a share)))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (PP-PRD in (NP (NP line) (PP with (NP Wall Street estimates))))))))) .)) (TOP (S (PP-TMP In (NP the year-earlier period)) , (NP-SBJ the company) (VP earned (NP (NP (QP $ 461 million) *U*) , or (NP (NP $ 1.91 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ (NP Sales) (PP-TMP in (NP the latest quarter))) (VP were (NP-PRD (QP $ 8.59 billion) *U*) , (ADVP up (NP 9.4 %) (PP from (NP (QP $ 7.85 billion) *U*)))) .)) (TOP (S (NP-SBJ The dividend increase) (VP (VP was (NP-PRD (NP Du Pont 's) second) (NP-TMP this year)) , (NP-ADV (NP an affirmation) (PP of (NP (NP statements (SBAR *ICH*-2)) (PP by (NP top executives)) (SBAR-2 that (S (NP-SBJ-1 they) (VP intend (S (NP-SBJ *-1) (VP to (VP increase (NP (NP rewards) (PP to (NP shareholders))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP have n't (VP benefited (NP the shareholder) (ADVP (ADVP as much) (SBAR as (S (NP-SBJ-2 we) (VP need (S (NP-SBJ *-2) (VP to (VP *?*)))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Edgar Woolard Jr.) , (NP (NP Du Pont 's) chairman and chief executive officer) ,) (PP-LOC in (NP an interview)) (SBAR-TMP (NP-ADV several months) before (S (NP-SBJ he) (VP entered (NP his current position) (PP-TMP in (NP April))))) .)) (TOP (S (NP-SBJ The largest beneficiary) (VP will (VP be (NP-PRD (NP Seagram Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP (QP about 23) %) (PP of (NP Du Pont))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP (NP Seagram) , (NP (NP the Montreal wine and spirits concern) (VP controlled (NP *) (PP by (NP-LGS the Bronfman family)))) ,))) (VP said (SBAR 0 (S (NP-SBJ the company) (VP will (VP post (NP (NP additional pretax profit) (PP of (NP (NP (QP about $ 33 million) *U*) (NP-ADV a year)))) (PP-PRP because of (NP the additional Du Pont dividends))))))) .)) (TOP (S (NP-SBJ Du Pont) (ADVP also) (VP announced (NP (NP plans) (PP for (NP a 3-for-1 stock split))) , (SBAR-ADV although (S (NP-SBJ-2 the initial higher dividend) (VP will (VP be (VP paid (NP *-2) (PP-CLR on (NP pre-split shares)))))))) .)) (TOP (S (NP-SBJ-1 (NP Du Pont 's) stock) (VP rose (NP-EXT (NP $ 2.50 *U*) (NP-ADV a share)) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 117.375 *U*))))) (PP-LOC in (NP New York Stock Exchange composite trading)) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ Seagram) (VP closed (PP-CLR at (NP $ 84.75 *U*)) , (ADVP up (NP (NP 12.5 cents) (NP-ADV a share))) (PP-LOC in (NP Big Board trading))) .)) (TOP (SINV (VP-TPC-2 Leading (NP (NP the gains) (PP for (NP Du Pont))) (PP-TMP in (NP the latest quarter))) (VP was (VP *T*-2)) (NP-SBJ (NP its industrial products segment) , (SBAR (WHADVP-1 where) (S (NP-SBJ profit) (VP soared (PP-DIR to (NP (QP $ 155 million) *U*)) (PP-DIR from (NP (QP $ 99 million) *U*) (ADVP-TMP (NP a year) earlier)) (ADVP-LOC *T*-1))))) .)) (TOP (S (NP-SBJ The company) (VP benefited (PP-CLR from (NP (NP (NP continued strong demand) and (NP higher selling prices)) (PP for (NP (NP titanium dioxide) , (NP (NP a white pigment) (VP used (NP *) (PP-LOC-CLR in (NP paints , paper and plastics))))))))) .)) (TOP (S (NP-SBJ (NP James Fallon) , (NP (NP a (NAC-LOC New Providence , N.J. ,) marketing consultant) (PP to (NP the chemicals industry))) ,) (VP says (SBAR 0 (S (NP-SBJ-1 Du Pont) (ADVP still) (VP holds (NP an edge) (PP-LOC in (S-NOM (NP-SBJ *-1) (VP making (NP the pigment)))) (SBAR-PRP because (S (NP-SBJ the company) (VP was (ADVP-PRD `` first in (PP with (NP (NP the technology) '' (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP lower (NP costs))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ Du Pont) (VP holds (NP (NP (NP (QP about 23) %) (PP of (NP the world-wide market))) , (NP the largest single share) ,) (PP-TMP at (NP (NP a time) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP growing uses) (PP for (NP the pigment))) (VP have (VP kept (S (NP-SBJ it) (PP-PRD in (NP tight supply))) (ADVP-TMP *T*-1))))))) , (SBAR-ADV although (S (NP-SBJ others) (VP are (ADVP-TMP now) (VP adding (NP low-cost production capacity))))))))) .)) (TOP (S (NP-SBJ Profit) (VP climbed (PP-DIR to (NP (QP $ 98 million) *U*)) (PP-DIR from (NP (QP $ 71 million) *U*)) (PP-LOC in (NP the petroleum segment)) , (SBAR-TMP as (S (NP-SBJ-1 (NP Du Pont 's) Conoco Inc. oil company) (VP was (VP helped (NP *-1) (PP (PP by (NP-LGS (NP crude oil prices) (ADJP (ADJP higher) (PP than (ADVP-TMP (NP a year) ago))))) and (PP by (NP-LGS higher natural gas prices and volume)))))))) .)) (TOP (S (PP-LOC In (NP (NP the diversifed businesses segment) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP herbicides)))) ,)) (NP-SBJ profit) (VP grew (PP-DIR to (NP (QP $ 64 million) *U*)) (PP-DIR from (NP (QP $ 27 million) *U*))) .)) (TOP (S (NP-SBJ A spokesman) (VP said (SBAR 0 (S (NP-SBJ-1 (NP herbicide use) (PP-LOC in (NP (NP some areas) (PP of (NP the U.S.))))) (VP was (VP delayed (NP *-1) (ADVP-TMP earlier (PP in (NP the year))) (PP by (NP-LGS heavy rains)) , (ADVP thus) (S-ADV (NP-SBJ *) (VP increasing (NP sales) (PP-TMP in (NP the third quarter))))))))) .)) (TOP (S (PP-LOC In (NP the fibers segment)) , (NP-SBJ profit) (VP (VP rose (PP-DIR to (NP (QP $ 180 million) *U*)) (PP-DIR from (NP (QP $ 155 million) *U*))) , (NP-ADV (NP a gain) (SBAR (WHNP-1 0) (S (NP-SBJ Du Pont) (VP attributed (NP *T*-1) (PP-CLR to (NP (NP higher demand) (PP-LOC in (NP the U.S.)) (PP for (NP most textile products))))))))) .)) (TOP (S (NP-SBJ Two segments) (VP posted (NP (NP lower earnings) (PP for (NP the quarter)))) .)) (TOP (S (NP-SBJ (NP Profit) (PP from (NP coal))) (VP fell (PP-DIR to (NP (QP $ 41 million) *U*)) (PP-DIR from (NP (QP $ 58 million) *U*)) , (PP-PRP partly because of (NP (NP a miners ') strike))) .)) (TOP (S And (NP-SBJ (NP profit) (PP from (NP polymers))) (VP dropped (PP-DIR to (NP (QP $ 107 million) *U*)) (PP-DIR from (NP (QP $ 122 million) *U*)) (PP-LOC amid (SBAR-NOM (WHNP-1 what) (S (NP-SBJ Du Pont) (VP called (S (NP-SBJ *T*-1) (NP-PRD (NP lower demand and selling prices) (PP-LOC in (NP certain packaging and industrial markets))))))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ Du Pont) (VP earned (NP (NP (NP (QP $ 2 billion) *U*) , or (NP (NP $ 8.46 *U*) (NP-ADV a share))) , (ADVP up (NP 18 %) (PP from (NP (NP (QP $ 1.69 billion) *U*) , or (NP (NP $ 7.03 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ Sales) (VP increased (NP-EXT 10 %) (PP-DIR to (NP (QP $ 26.54 billion) *U*)) (PP-DIR from (NP (QP $ 24.05 billion) *U*))) .)) (TOP (S (NP-SBJ-1 The increased dividend) (VP will (VP be (VP paid (NP *-1) (NP-TMP Dec. 14) (PP-DTV to (NP (NP holders) (PP of (NP record)) (NP-TMP Nov. 15)))))) .)) (TOP (S (NP-SBJ-1 (NP The stock split) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD subject (PP to (NP holder approval)))))) ,) (VP would (VP be (VP paid (NP *-1) (PP-TMP on (NP (NP a still unspecified date) (PP-TMP in (NP January)))) (PP-DTV to (NP (NP holders) (PP of (NP record)) (NP-TMP Dec. 21)))))) .)) (TOP (S (NP-SBJ-1 American Medical International Inc.) (VP was (VP dropped (NP *-1) (PP-CLR from (NP (NP the health care providers industry group) (PP of (NP the Dow Jones Equity Market Index)))))) .)) (TOP (S (NP-SBJ-1 The company) (VP is (VP being (VP acquired (NP *-1)))) .)) (TOP (S (NP-SBJ-1 U.S. Healthcare Inc.) (VP was (VP added (NP *-1) (PP-CLR to (NP the health care providers group)))) .)) (TOP (S (NP-SBJ Both moves) (VP are (ADJP-PRD effective) (NP-TMP today)) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The Canadian government) (VP plans (S (NP-SBJ *-1) (VP to (VP auction (PP-TMP on (NP Tuesday)) (NP (NP (QP 750 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 639.9 million) *U*) -RRB-) (PP of (NP (NP 9.25 % bonds) (ADJP due (NP-TMP Dec. 1 , 1999)))))))))) , (NP-SBJ the Finance Department) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 (NP Proceeds) (PP of (NP the issue))) (VP will (VP be (VP used (NP *-1) (PP-CLR for (NP general government purposes))))) .)) (TOP (S (NP-SBJ Finnish conglomerate Nokia Oy AB) (VP said (SBAR 0 (S (NP-SBJ it) (VP reached (NP an agreement (S (NP-SBJ *) (VP to (VP buy (NP Dutch cable company NKF Kabel B.V.) (PP-CLR for (NP (NP (QP 420 million) Finnish markka) (PRN -LRB- (NP (QP $ 99.5 million) *U*) -RRB-))))))))))) .)) (TOP (S (NP-SBJ Nokia) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP will (VP gain (NP (NP control) (PP over (NP NKF Kabel))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP buying (NP (NP 51 %) (PP of (NP (NP the shares) (PP-LOC in (NP (NP NKF Holding N.V.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP NKF Kabel))))))))))))))))) .)) (TOP (S (NP-SBJ (NP (ADJP Western European) leaders) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP favor (NP speedy (ADJP economic and monetary) union))))) (VP are (VP adding (NP (NP a new argument) (NP *ICH*-2)) (PP-CLR to (NP their arsenal)) : (NP-2 (NP the dizzying political changes) (PP under (NP way)) (PP-LOC in (NP Eastern Europe))))) .)) (TOP (S (NP-SBJ-1 (NP French President Francois Mitterrand) , (NP European Community Commission President Jacques Delors) , (NP Spanish Prime Minister Felipe Gonzalez) and (NP others)) (VP have (VP begun (S (NP-SBJ *-1) (VP linking (NP (NP the rapid changes) (PP-LOC in (NP the East))) (PP-CLR to (NP the need (S (NP-SBJ *) (VP to (VP speed (PRT up) (NP (NP changes) (PP-LOC in (NP the West)))))))))))) .)) (TOP (S (NP-SBJ They) (VP are (VP stressing (SBAR that (S (NP-SBJ (NP the best way) (SBAR (WHADVP-1 0) for (S (NP-SBJ the West) (VP to (VP help (NP the East) (ADVP-MNR *T*-1)))))) (VP is (S-PRD (NP-SBJ *) (VP to (VP move (ADVP-MNR faster) (PP-DIR towards (NP (ADJP Western European) (ADJP economic and monetary) unity)))))))))) .)) (TOP (S-1 (NP-SBJ This) (VP would (VP (VP make (S (NP-SBJ the market-oriented system) (ADJP-PRD more attractive (PP to (NP Eastern countries))))) (PRN , (S (NP-SBJ they) (VP argue (SBAR 0 (S *T*-1)))) ,) and (VP allow (S (NP-SBJ (NP greater economic aid) and (NP technological know-how)) (VP to (VP flow (PP-DIR from (NP West)) (PP-DIR to (NP East)))))))) .)) (TOP (S-1 `` (NP-SBJ (NP The only response) (PP to (NP (NP the challenge) (VP being (VP presented (NP *) (PP-DTV to (NP us)) (PP by (NP-LGS the East))))))) , '' (PRN (S (NP-SBJ Mr. Mitterrand) (VP told (S *T*-1) (NP the European Parliament) (PP-LOC in (NP Strasbourg)) (NP-TMP yesterday)))) , `` (VP is (S-PRD (NP-SBJ *) (VP to (VP reinforce and accelerate (NP (NP the union and cohesion) (PP of (NP the European Community))))))) . '')) (TOP (S (NP-SBJ Mr. Mitterrand) (VP proposed (SBAR (SBAR that (S (NP-SBJ-1 a conference) (VP be (VP convened (NP *-1) (NP-TMP next fall) (S-PRP (NP-SBJ *) (VP to (VP write (NP (NP a new treaty) (PP for (NP the EC)) (VP allowing (NP a European central bank)))))))))) , and (SBAR that (S (NP-SBJ-2 the treaty) (VP be (VP ratified (NP *-2) (PP-TMP by (NP 1992)))))))) .)) (TOP (S (NP-SBJ Mr. Mitterrand) (ADVP also) (VP proposed (NP (NP a separate `` Bank for Europe '') (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP channel (NP development money) (PP-DIR to (NP the East)))))))) .)) (TOP (S (NP-SBJ (NP One basis) (PP for (S-NOM (NP-SBJ *) (VP linking (NP (NP (NP change) (PP-LOC in (NP the East))) and (NP (NP change) (PP-LOC in (NP the West)))))))) (VP is (NP-PRD the notion (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP integrating (NP (QP 110 million) Eastern Europeans) (PP-CLR with (NP (QP 320 million) Western Europeans)))) (VP is (ADVP primarily) (NP-PRD (NP the task) (PP of (NP Europeans))) , (PP despite (NP (NP the U.S. 's) obvious (ADJP strategic and economic) interest))))))) .)) (TOP (SINV (VP Says (S *ICH*-2)) (NP-SBJ a European strategist) : `` (S-2 (NP-SBJ-1 The U.S.) (VP tends (S (NP-SBJ *-1) (VP to (VP look (PP-CLR at (NP (NP Eastern Europe) (PRN -LCB- (PP not including (NP the Soviet Union)) -RCB-))) (SBAR-MNR as (S (NP-SBJ Europe) (VP looks (PP-CLR at (NP Latin America))))) : (FRAG (UCP-PRD (ADJP important) but (ADVP-LOC far away)))))))) .)) (TOP (S But (PP for (NP (NP us) (PP-LOC in (NP Western Europe)))) , (NP-SBJ these) (VP are (NP-PRD Europeans) (NP-LOC next door)) . '')) (TOP (S (NP-SBJ A reintegrated Europe) (VP implies (NP (NP big changes) (PP-LOC in (NP 40-year-old (ADJP military and economic) policies)))) .)) (TOP (S-2 (NP-SBJ-1 There) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a natural division) (PP of (NP labor))) , (PRN (SINV (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Francois Heisbourg) , (NP (NP director) (PP of (NP (NP the International Institute) (PP for (NP Strategic Studies)) (PP-LOC in (NP London)))))))) , (SBAR-ADV with (S (S (NP-SBJ the U.S.) (ADJP-PRD more engaged (PP in (NP (NP strategic issues) (PP with (NP the Soviet Union)))))) , and (S (NP-SBJ Western Europe) (ADJP-PRD more involved (PP with (NP (NP specific aid measures) (PP for (NP the East))))))))))))) .)) (TOP (S (NP-SBJ (NP The designation) (PP-LOC at (NP (NP (NP July 's) economic summit) (PP of (NP major industrialized nations)))) (PP of (NP the EC Commission)) (PP as (NP (NP coordinator) (PP of (NP (NP Western aid) (PP to (NP Poland and Hungary))))))) (VP was (NP-PRD a first step)) .)) (TOP (S (S (PP In (NP part)) , (NP-SBJ-1 this division) (VP is (VP dictated (NP *-1) (PP by (NP-LGS economics))))) : (S (NP-SBJ West Germany) (VP is (NP-PRD (NP a net exporter) (PP of (NP capital))) (SBAR-ADV while (S (NP-SBJ the U.S.) (VP is n't (ADJP-PRD *?*)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 American aid efforts) (VP have (VP been (VP limited (NP *-1) (PP by (NP-LGS budget problems))))))) , (NP-TMP yesterday) (NP-SBJ France) (VP announced (NP (NP a three-year , (ADJP (ADJP (QP four billion) French franc) (PRN -LRB- (ADJP (QP $ 650 million) *U*) -RRB-)) aid plan) (PP for (NP Poland)))) .)) (TOP (S (PP Despite (NP (NP sudden changes) (PP-LOC in (NP the strategic equation)))) , (NP-SBJ-1 (NP some (ADJP Western European) leaders) (PRN , (ADVP especially) (NP British Prime Minister Margaret Thatcher) ,)) (VP (VP remain (ADJP-PRD skeptical (PP about (NP European (ADJP political and economic) unity)))) , and (VP are (ADJP-PRD unlikely (S (NP-SBJ *-1) (VP to (VP let (S (NP-SBJ East-West concerns) (VP change (NP their minds))))))))) .)) (TOP (S But (NP-SBJ-1 British analysts) (VP are (VP beginning (S (NP-SBJ *-1) (VP to (VP link (NP the issues)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP need (NP a Western Ostpolitik))) , '' (VP says (S *T*-1)) (NP-SBJ-2 (NP John Roper) , (PP of (NP (NP the Royal Institute) (PP of (NP International Affairs)) (PP-LOC in (NP London)))) ,) (S-ADV (NP-SBJ *-2) (VP referring (PP-CLR to (NP (NP (NP West Germany 's) longstanding policy) (PP of (NP (NP a diplomatic opening) (PP to (NP the East)))))))) .)) (TOP (S `` (PP For (NP Poland and Hungary)) (NP-SBJ-2 we) (VP need (S (NP-SBJ *-2) (VP to (VP think (PP-CLR about (NP (NP a stick-and-carrot economic approach) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP force (S (NP-SBJ them) (VP to (VP price (NP things) (ADVP-MNR realistically) (PP in (NP (NP return) (PP for (S-NOM (NP-SBJ *) (VP removing (NP all our tariff barriers))))))))))))))))))) . '')) (TOP (S (NP-SBJ He) (VP notes (SBAR that (S (S (NP-SBJ (NP the Marshall Plan) (PP of (NP (NP U.S. aid) (PP to (NP Europe))))) `` (VP did n't (ADVP just) (VP throw (NP money) (PP-DIR at (NP post-war Europe))))) , (S (NP-SBJ it) (ADVP also) (VP (VP liberalized (NP *RNR*-1)) and (VP opened (PRT up) (NP *RNR*-1)) (NP-1 those markets)))))) . '')) (TOP (S (NP-SBJ The French analysis) (VP goes (ADVP-CLR further)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Most) (PP of (NP (NP the West 's) leaders))) (VP have (ADVP-TMP finally) (VP concluded (SBAR that (S (NP-SBJ (NP we) (NP all)) (VP want (S (NP-SBJ (NP perestroika) (PRN -LCB- (NP (NP (NP Soviet leader Mikhail Gorbachev 's) policy) (PP of (NP economic restructuring))) -RCB-)) (VP to (VP succeed))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Hubert Vedrine) , (NP (NP security adviser) (PP to (NP Mr. Mitterrand)))) .)) (TOP (S `` But (NP-SBJ they) (VP have n't (ADVP yet) (VP drawn (NP the operational policy conclusions))) . '')) (TOP (S (NP-SBJ He) (VP adds (SBAR that (S (PP with (S-NOM (S (NP-SBJ communism) (VP collapsing)) and (S (NP-SBJ-2 Mr. Gorbachev) (VP scrambling (S (NP-SBJ *-2) (VP to (VP rejuvenate (NP the Soviet economy)))))))) , `` (S (NP-SBJ Our interest) (VP lies (PP-CLR in (NP (NP a controlled transformation) , (NP a contained nuclear reaction))))) , so (S (NP-SBJ-1 we) (VP need (S (NP-SBJ *-1) (VP to (VP help (NP him) , (PRN and (PP-MNR (ADVP not just) with (NP words))))))))))) . '')) (TOP (S-1 (S-NOM-SBJ (NP-SBJ *) (VP Managing (NP change))) (PRN , (S (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1)))) ,) (VP will (VP require (NP (NP (ADJP (NP-ADV a lot) more) aid) and (NP (NP a prominent role) (PP for (NP the EC)) , (PP-LOC especially in (S-NOM (NP-SBJ *) (VP dealing (PP-CLR with (NP (NP the question) (PP of (NP German reunification))))))))))) .)) (TOP (S (NP-SBJ (NP Thierry de Montbrial) , (NP (NP director) (PP of (NP (NP (NP the French Institutue) (PP for (NP International Relations))) (PP-LOC in (NP Paris))))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP is n't (ADJP-PRD clear) (SBAR-2 (WHNP-1 what) , (S (ADVP exactly) , (NP-SBJ West Germany) (VP wants (NP *T*-1)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Any push) (PP for (NP (NP a Gorbachev vision) (PP of (NP (NP a `` common European home) , '' (VP implying (NP (NP (NP the eventual dissolution) (PP of (NP the EC))) , (NP a Soviet-German partnership) and (NP (NP the withdrawal) (PP of (NP U.S. forces)))))))))) , `` (VP would (VP be (NP-PRD a (ADJP very , very serious) problem)))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP (VP doubts (SBAR 0 (S (NP-SBJ (NP a Bismarckian super state) (SBAR *ICH*-3)) (VP will (VP emerge (SBAR-3 (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP dominate (NP Europe)))))))))) , but (VP warns (PP-CLR of `` (NP (NP a risk) (PP of (NP (NP profound change) (PP-LOC in (NP (NP the heart) (PP of (NP the European Community)))) (PP from (NP (NP a Germany) (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP is (ADJP-PRD too strong) , (SBAR-ADV even if (S (NP-SBJ *-4) (ADJP-PRD democratic)))))))))))))) . '')) (TOP (S (NP-SBJ He) (VP adds : `` (S (NP-SBJ-1 (NP We) , and (NP (NP the rest) (PP of (NP the EC)))) (VP have (S (NP-SBJ *-1) (VP to (VP (VP talk (PP-CLR to (NP the Germans)) , (ADVP-TMP now) , (ADVP-MNR frankly)) and (VP raise (NP these future risks) (PP-CLR with (NP them))))))))) . '')) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP many commentators) (PRN , (ADVP particularly) (NP French ones) ,)) (VP worry (SBAR that (S (NP-SBJ (NP (ADJP hasty and emotional) reaction) (PP to (NP (NP the changes) (PP-LOC in (NP the East))))) (VP might (VP lead (PP-CLR to (NP (NP dangerous pressures) (PP for (NP (NP a denuclearized Europe) or (NP (NP the speeded-up withdrawal) (PP of (NP American troops)))))))))))))) , (NP-SBJ (NP Mr. Roper) (PP-LOC in (NP London))) (VP sees (NP a (ADJP more positive) scenario)) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 There) (VP seems (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a message (SBAR *ICH*-3)) (PP from (NP Moscow)) (SBAR-3 0 (S (NP-SBJ there) (VP 's (NP-PRD a deal) (PP on (NP offer))))))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S `` (NP-SBJ They) (VP want (NP reassurance (SBAR 0 (S (NP-SBJ-2 we) (VP wo n't (VP try (S (NP-SBJ *-2) (VP to (VP undermine or destroy (NP the Warsaw Pact)))))))))) ... .)) (TOP (S (PP In (NP return)) , (NP-SBJ (NP the U.K.) and (NP France)) (VP could (VP keep (NP their nuclear weapons))) .)) (TOP (S (NP-SBJ He) (VP adds : `` (S (SBAR-TMP Once (S (NP-SBJ both sides) (VP feel (ADJP-PRD comfortable)))) , (NP-SBJ (NP it) (S *EXP*-2)) (VP should (VP be (ADJP-PRD that much easier) (S-2 (NP-SBJ *) (VP to (VP make (NP (NP more progress) (PP toward (NP (NP the (ADJP economic and social) reforms) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADVP-TMP now) (VP starting (PP-LOC in (NP the East)))))))))))))))) .)) (TOP (S (NP-SBJ Kyle Technology Corp.) (VP said (SBAR 0 (S (NP-SBJ a Seattle investor) (VP has (VP signed (NP (NP a letter) (PP of (NP intent (S (NP-SBJ *) (VP to (VP buy (NP the company) (PP-CLR for (NP (NP (QP about $ 3.1 million) *U*) , or (NP (NP $ 1.20 *U*) (NP-ADV a share))))))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 (NP The investor) , (NP Donald A. Wright) ,) (VP plans (S (NP-SBJ *-1) (VP to (VP run (NP the company)))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP a spokesman) (PP for (NP Kyle))) .)) (TOP (S (NP-SBJ-1 The transaction) (VP (VP has (VP been (VP approved (NP *-1) (PP by (NP-LGS (NP Kyle 's) board))))) , but (VP requires (NP (NP the approval) (PP of (NP (NP the company 's) shareholders))))) .)) (TOP (S (NP-SBJ Kyle) (VP manufactures (NP electronic components)) .)) (TOP (S (NP-SBJ Dominion Textile Inc. holders) (VP adopted (NP a shareholder-rights plan) (PP-LOC at (NP the annual meeting))) .)) (TOP (S (NP-SBJ The so-called poison pill) (VP took (NP-CLR effect) (NP-TMP Aug. 9) (PP pending (NP (NP ratification) (PP by (NP-LGS holders))))) .)) (TOP (S (NP-SBJ-1 (NP Rights) (VP attached (NP *) (PP-CLR to (NP (NP the company 's) common shares))) (SBAR *ICH*-4)) (VP were (VP issued (NP *-1) (SBAR-4 (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP are (VP triggered (NP *-2) (SBAR-ADV if (S (NP-SBJ a hostile bidder) (VP acquires (NP (NP (QP more than 20) %) (PP of (NP (NP the shares) (ADJP outstanding))))))))))))) .)) (TOP (S (SBAR-TMP Once (S (NP-SBJ-2 *-1) (VP triggered (NP *-2)))) , (NP-SBJ-1 the rights) (VP allow (S (NP-SBJ holders) (VP (VP to (VP buy (NP additional shares) (PP-CLR at (NP (NP 50 %) (PP of (NP the (ADJP then current) market price)))))) or , (VP (PP at (NP (NP the board 's) discretion)) , to (VP receive (NP securities or assets)))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ Dominion Textile) (VP posted (NP (NP net income) (PP of (NP (NP (NP (QP 4.7 million) Canadian dollars) (PRN -LRB- (NP (QP $ 4 million) *U*) -RRB-)) , or (NP (NP 12 Canadian cents) (NP-ADV a share)) ,)) (PP for (NP (NP the fiscal-first quarter) (VP ended (NP-TMP Sept. 30)))))) .)) (TOP (S (NP-SBJ The company) (VP had (NP (NP a net loss) (PP of (NP (NP (QP C$ 2.3 million) *U*) , or (NP (NP 14 Canadian cents) (NP-ADV a share)) ,))) (ADVP-TMP (NP a year) ago)) .)) (TOP (S (NP-SBJ Sales) (VP were (NP-PRD (QP C$ 348.2 million) *U*) (PP compared (PP with (NP (NP C$ 307.2 *U*) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ Computer Sciences Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP (NP a U.S. Postal Service contract) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP have (NP (NP a value) (PP of (NP (QP at least $ 33 million) *U*)))))))))))) .)) (TOP (S (NP-SBJ Computer Sciences) (VP will (VP perform (NP data processing work) (PP for (NP the Postal Service)) (PP-LOC under (NP (NP the three-year contract) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (ADVP also) (VP includes (NP (NP two additional option years) (SBAR (WHPP-3 for (WHNP which)) (S (NP-SBJ-1 compensation) (VP has n't (ADVP yet) (VP been (VP fixed (NP *-1) (PP *T*-3)))))))))))))) .)) (TOP (S (NP-SBJ Computer Sciences) (VP said (SBAR 0 (S (NP-SBJ its work) (VP will (VP improve (NP mail-processing efficiency)))))) .)) (TOP (S (PP For (NP (NP its fiscal year) (VP ended (NP-TMP March 31)))) , (NP-SBJ Computer Sciences) (VP had (NP (NP revenue) (PP of (NP (QP $ 1.3 billion) *U*)))) .)) (TOP (S (NP-SBJ-1 Ohbayashi Corp.) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP E.W. Howell Co.) , (NP (NP the U.S. subsidiary) (PP of (NP (NP Selmer-Sande AS) , (PP of (NP Norway)) ,)))) (PP-CLR for (NP (QP about $ 7 million) *U*)))))) .)) (TOP (S (NP-SBJ-1 (NP Howell) , (NP a (NAC-LOC Port Washington , N.Y. ,) construction concern) ,) (VP was (VP established (NP *-1) (PP-TMP in (NP 1891)))) .)) (TOP (S (NP-SBJ It) (VP has (NP three U.S. branches)) .)) (TOP (S (NP-SBJ Ohbayashi officials) (VP said (SBAR 0 (S (NP-SBJ-2 the purchase) (VP was (VP undertaken (NP *-2) (S-PRP (NP-SBJ *) (VP to (VP participate (PP-CLR in (NP (NP ventures) (PP-LOC in and around (NP New York City)))))))))))) .)) (TOP (S (NP-SBJ They) (VP said (SBAR 0 (S (NP-SBJ Howell) (VP is (ADJP-PRD particularly successful) (ADVP-LOC there) (PP-PRP because of (NP (NP its membership cooperation) (PP with (NP local unions)))))))) .)) (TOP (S (NP-SBJ Ohbayashi) (VP is (NP-PRD (NP Japan 's) (ADJP second largest) construction company)) .)) (TOP (S (PP-TMP Until (ADVP now)) , (NP-SBJ its inability (S (NP-SBJ *) (VP to (VP form (NP (NP membership ties) (PP with (NP organized labor))))))) (VP has (VP kept (NP-1 it) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP penetrating (NP the lucrative New York metropolitan area construction market)))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP hopes (SBAR 0 (S (NP-SBJ-1 the latest acquisition) (VP will (VP help (S (NP-SBJ *-1) (VP secure (NP (NP large construction orders) (PP from (NP (NP Japanese concerns) (PP with (NP U.S. operations)))))))))))) .)) (TOP (S (NP-SBJ Ohbayashi) (VP cited (NP (NP industry publications) (VP crediting (NP-1 (NP Howell) , (VP (ADVP currently) capitalized (NP *) (PP-CLR at (NP (QP $ 2.2 million) *U*))) ,) (PP-CLR with (S-NOM (NP-SBJ *-1) (VP receiving (NP (NP orders) (VP valued (NP *) (PP-CLR at (NP (QP $ 225 million) *U*)))) (PP-TMP in (NP 1988)))))))) .)) (TOP (S (NP-SBJ The Japanese company) (VP received (NP (NP orders) (VP totaling (NP (NP (QP 12.44 billion) yen) (PRN -LRB- (NP (QP $ 87.9 million) *U*) -RRB-)))) (PP-CLR from (NP its U.S. business activities)) (PP-TMP during (NP (NP the fiscal year) (VP ended (PP-TMP-CLR in (NP March)))))) .)) (TOP (S (NP-SBJ-1 H. Marshall Schwarz) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP chairman) and (NP chief executive officer)) (PP of (NP (NP U.S. Trust Corp.) , (NP (NP a private-banking firm) (PP with (NP (NP assets) (PP under (NP management)) (PP of (NP (QP about $ 17 billion) *U*))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Schwarz) , (ADJP (NP 52 years) old) ,) (VP will (VP succeed (NP Daniel P. Davison) (NP-TMP Feb. 1) , (SBAR-TMP soon after (S (NP-SBJ Mr. Davison) (VP reaches (NP (NP (NP the company 's) mandatory retirement age) (PP of (NP 65)))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Schwarz) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP is (NP-PRD (NP president) (PP of (NP U.S. Trust)))))) ,) (VP will (VP be (VP succeeded (NP *-1) (PP-LOC in (NP that post)) (PP by (NP-LGS (NP Jeffrey S. Maurer) , (NP 42) , (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP is (NP-PRD (NP executive vice president) (PP in (NP (NP charge) (PP of (NP (NP the company 's) asset-management group))))))))))))) .)) (TOP (S (NP-SBJ (NP U.S. Trust) , (NP (NP a 136-year-old institution) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP is (NP-PRD (NP one) (PP of (NP (NP the earliest high-net worth banks) (PP-LOC in (NP the U.S.))))))))) ,) (VP has (VP faced (NP (NP intensifying competition) (PP from (NP (NP other firms) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP have (VP (VP established (NP *RNR*-1)) , and (VP (ADVP-MNR heavily) promoted (NP *RNR*-1)) , (NP-1 (NP private-banking businesses) (PP of (NP their own)))))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ-1 (NP U.S. Trust 's) earnings) (VP have (VP been (VP hurt (NP *-1)))) .)) (TOP (S But (NP-SBJ-1 Mr. Schwarz) (VP welcomes (NP (NP the competition) (PP-LOC in (NP (NP U.S. Trust 's) flagship businesses))) , (S-ADV (NP-SBJ *-1) (VP calling (S (NP-SBJ it) `` (NP-PRD flattery))))) . '')) (TOP (S (NP-SBJ Mr. Schwarz) (VP says (SBAR 0 (S (NP-SBJ the competition) `` (VP broadens (NP (NP the base) (PP of (NP opportunity)) (PP for (NP us))))))) . '')) (TOP (S (NP-SBJ Other firms) `` (VP are (VP dealing (PP-CLR with (NP the masses)))) .)) (TOP (S (S-TPC-1 (NP-SBJ I) (VP do n't (VP believe (SBAR 0 (S (NP-SBJ they) (VP have (NP (NP the culture) '' (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (ADVP adequately) (VP service (NP high-net-worth individuals) (ADVP-MNR *T*-2)))))))))))) , (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ U.S. Trust) (ADVP-TMP recently) (VP introduced (NP (NP certain mutual-fund products) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP allow (S (NP-SBJ it) (VP to (VP serve (NP (NP customers) (PP with (NP (NP minimum deposits) (PP of (NP $ 250,000 *U*))))))))))))) .)) (TOP (S (ADVP-TMP Previously) , (NP-SBJ the company) (VP advertised (PP-CLR at (NP the (ADJP (QP $ 2 million) *U*) level))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ We) (VP have (ADVP-TMP always) (VP taken (NP smaller accounts)))) , but (S (ADVP-TMP now) (NP-SBJ we) (VP are (VP looking (PP-CLR for (NP (NP smaller accounts) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP grow)))))))))) , '' (NP-SBJ Mr. Schwarz) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Our bread and butter) (VP is (ADVP still) (NP-PRD the (ADJP (QP $ 2 million to $ 20 million) *U*) account))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (S-TPC-1 (NP-SBJ The new services) (VP allow (S (NP-SBJ U.S. Trust) (VP to (VP cater (PP-CLR to (NP the `` new wealth))))))) , '' (NP-SBJ Mr. Schwarz) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Quarterly net income) (NP-TMP this year)) (VP has (VP risen (PP-CLR just over (NP (NP comparable periods) (PP-TMP in (NP (NP 1988) , (SBAR (WHADVP-1 when) (S (NP-SBJ year-end net) (VP was (PP-LOC-PRD below (NP the 1987 level)) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (PP-TMP In (NP (NP this year 's) third quarter)) , (PP for (NP example)) , (NP-SBJ net) (VP was (NP-PRD (NP (QP $ 10.5 million) *U*) , or (NP (NP $ 1.05 *U*) (NP-ADV a share))) , (PP compared (PP with (NP (NP (NP (QP $ 10.3 million) *U*) , or (NP (NP $ 1.02 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ (NP Assets) (PP-TMP as (PP of (NP Sept. 30)))) (VP fell (PP-DIR to (NP (QP $ 2.46 billion) *U*)) (PP-DIR from (NP (QP about $ 2.77 billion) *U*))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP will (VP have (NP a (ADJP reasonably flat) year) (NP this year)))) , '' (NP-SBJ Mr. Schwarz) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Schwarz) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 (NP costs) (VP associated (NP *) (PP-CLR with (NP (NP (NP U.S. Trust 's) planned move) (PP to (NP midtown Manhattan)) (PP from (NP Wall Street)))))) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a drag) (PP on (NP earnings)))))) (PP-TMP through (NP 1990))))))) .)) (TOP (S (S (NP-SBJ (NP Mr. Schwarz 's) great-grandfather) (VP founded (NP the New York toy store F.A.O. Schwarz))) , but (S (NP-SBJ his family) (ADVP-TMP no longer) (VP has (NP (NP ties) (PP to (NP the company))))) .)) (TOP (S (NP-SBJ (NP Mr. Schwarz 's) father) (VP was (NP-PRD a U.S. Trust trustee) (PP-TMP until (NP 1974))) .)) (TOP (S (NP-SBJ U.S. Trust) (ADVP also) (VP created (NP (NP (NP a four-member office) (PP of (NP the chairman))) , (ADJP effective (NP-TMP Feb. 1)))) .)) (TOP (S (NP-SBJ It) (VP will (VP include (NP Messrs. Schwarz and Maurer))) .)) (TOP (S (NP-SBJ-2 (NP (NP Donald M. Roberts) , (NP 54) , (NP treasurer) ,) and (NP (NP Frederick S. Wonham) , (NP 58) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP takes (NP (NP responsibility) (PP for (NP the funds-service group)))))) ,)) (VP (VP were (VP named (S (NP-SBJ *-2) (NP-PRD vice chairmen)))) and (VP will (VP serve (PP-LOC in (NP (NP the office) (PP of (NP the chairman))))))) .)) (TOP (S (S (NP-SBJ Mr. Roberts) (VP continues (PP as (NP treasurer)))) , and (S (NP-SBJ Mr. Wonham) (VP remains (ADJP-PRD responsible (PP for (NP (NP the offices) (PP of (NP (NP comptroller) , (NP planning) , (NP marketing) and (NP general services)))))))) .)) (TOP (S (NP-SBJ-1 (NP Frederick B. Taylor) , (NP 48) ,) (ADVP also) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP a (NX (NX vice chairman) and (NX chief investment officer))) , (NP a new post))))) .)) (TOP (S (NP-SBJ He) (ADVP-TMP previously) (VP held (NP similar responsibilities)) .)) (TOP (S (NP-SBJ Mr. Taylor) (ADVP also) (VP (VP was (VP named (S (NP-SBJ *) (NP-PRD a director)) , (S-ADV (NP-SBJ *) (VP increasing (NP the board) (PP-CLR to (NP 22)))))) , but (VP is not (NP-PRD (NP part) (PP of (NP (NP the new office) (PP of (NP the chairman))))))) .)) (TOP (S (NP-SBJ (NP James E. Bacon) , (NP 58) , (NP (NP executive vice president) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP directed (NP the funds-service group)))))) ,) (VP will (VP retire)) .)) (TOP (S (NP-SBJ-1 Sun Microsystems Inc.) , (S-ADV (NP-SBJ *-1) (VP snapping (ADVP back) (PP-CLR to (NP profitability)) (PP-TMP after (NP (NP its first quarterly loss) (PP as (NP a public firm)))))) , (VP said (SBAR 0 (S (NP-SBJ it) (VP earned (NP (NP (QP $ 5.2 million) *U*) , or (NP (NP seven cents (NP-ADV a share))) ,) (PP-TMP in (NP the fiscal first quarter)))))) .)) (TOP (S (NP-SBJ (NP Sun) , (NP (NP a maker) (PP of (NP computer workstations))) ,) (VP reported (NP (NP sales) (PP of (NP (QP $ 538.5 million) *U*)) (PP for (NP (NP the quarter) (VP ended (NP-TMP Sept. 29)))) , (ADVP up (NP 39 %) (PP from (NP (QP $ 388.5 million) *U*) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (PP-TMP In (NP the 1988 period)) , (NP-SBJ the company) (VP earned (NP (NP $ (QP 20.6 million) *U*) , or (NP (NP 26 cents) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ (NP Sun 's) results) (VP were (ADJP-PRD (ADJP slightly better) (PP than (NP expectations)))) .)) (TOP (S (NP-TMP Earlier this month) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expected (S (NP-SBJ *-1) (VP to (VP break (ADVP-CLR even) (PP for (NP the quarter)) (PP on (NP (NP sales) (PP of (NP (QP $ 530 million) *U*))))))))))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ (NP Scott McNealy) , (NP (NP Sun 's) chief executive officer) ,) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the company 's) performance) (VP was (VP hampered (NP *-1) (PP by (NP-LGS (NP problems) (VP tied (NP *) (PP-CLR to (NP (NP the introduction) (PP of (NP (NP a major new family) (PP of (NP computers)))) (PP-TMP in (NP April)))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP One) (PP of (NP those new computers)) , (VP called (S (NP-SBJ *) (NP-PRD Sparcstation 1))) ,) (VP accounted (PP-CLR for (NP (NP (QP nearly half)) (PP of (NP (NP the 28,000 systems) (SBAR (WHNP-1 0) (S (NP-SBJ Sun) (VP shipped (NP *T*-1) (PP-TMP in (NP the quarter))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP (QP More than two-thirds)) (PP of (NP (NP the systems) (VP shipped (NP *))))) , (ADVP-TMP meanwhile) , (VP were (NP-PRD (NP products) (VP introduced (NP *) (PP-TMP in (NP April))))) .)) (TOP (S But (NP-SBJ (NP problems) (PP-LOC in (NP (NP manufacturing) , (S-NOM (NP-SBJ *) (VP forecasting (NP demand))) and (S-NOM (NP-SBJ *) (VP getting (NP the bugs) (PP-CLR out (PP of (NP a new management information system)))))))) (VP made (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD extremely difficult) (SBAR-1 for (S (NP-SBJ Sun) (VP to (VP meet (NP (NP demand) (PP for (NP its newest computers))))))) (PP-TMP well into (NP the summer)))) .)) (TOP (S (NP-SBJ These problems) (ADVP also) (VP resulted (PP-CLR in (S-NOM (NP-SBJ Sun) (VP reporting (NP a (ADJP (QP $ 20.3 million) *U*) loss) (PP-TMP for (NP (NP its fourth quarter) (VP ended (NP-TMP-CLR June 30)))))))) .)) (TOP (S (S (NP-SBJ Mr. McNealy) (VP said (SBAR 0 (S (NP-SBJ (NP the issues) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP hurt (NP (NP Sun 's) performance) (NP-TMP earlier this year))))) (VP are (ADVP-PRD now) (PP `` largely '' behind (NP the firm))))))) , and (S (NP-SBJ he) (VP indicated (SBAR that (S (NP-SBJ (NP Sun 's) profitability) (VP should (VP increase (PP-TMP throughout (NP the fiscal year)))))))) .)) (TOP (S (NP-SBJ Sun) (ADVP also) (VP reported (NP (NP a record backlog) (PP of (NP orders)))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ this) (VP indicates (NP (NP continued strong demand) (PP for (NP (NP the company 's) desk-top computers)))))) , (NP-SBJ Sun) (VP faces (NP (NP increasing competition) (PP from (NP (NP Digital Equipment Corp.) and (NP Hewlett-Packard Co))))) .)) (TOP (S (ADVP-TMP Recently) , (NP-SBJ analysts) (VP have (VP said (SBAR 0 (S (NP-SBJ Sun) (ADVP also) (VP is (ADJP-PRD vulnerable (PP to (NP (NP competition) (PP from (NP (NP (NP International Business Machines Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP plans (S (NP-SBJ *-2) (VP to (VP introduce (NP (NP a group) (PP of (NP workstations))) (NP-TMP early next year))))))) ,) and (NP Next Inc))))))))))) .)) (TOP (S (NP-SBJ-1 C.B. Rogers Jr.) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP chief executive officer) (PP of (NP this business information concern)))))) .)) (TOP (S (NP-SBJ (NP Mr. Rogers) , (ADJP (NP 60 years) old) ,) (VP succeeds (NP (NP J.V. White) , (NP 64) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP remain (NP-PRD (NP chairman) and (NP (NP chairman) (PP of (NP the executive committee)))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Rogers) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP (NP president) and (NP chief operating officer)) (PP of (NP Equifax)))))) ,) (VP will (VP retain (NP (NP his position) (PP as (NP president))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 a new chief operating officer) (VP wo n't (VP be (VP appointed (NP *-1))))))) .)) (TOP (S (NP-SBJ-1 A merchant bank and investment fund) (VP have (VP agreed (S (NP-SBJ *-1) (VP (VP to (VP co-sponsor (NP a reorganization plan (S (NP-SBJ *) (VP to (VP bring (NP Sharon Steel Corp.) (PP-DIR-CLR out (PP of (NP Chapter 11 proceedings))))))))) and (VP to (VP acquire (NP (NP the company 's) steel-related assets) (PP-LOC in (NP (NP a transaction) (VP valued (NP *) (PP-CLR at (NP (QP more than $ 300 million) *U*))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Castle Harlan Inc.) , (NP a New York merchant bank) ,) and (NP Quantum Fund)) (VP said (SBAR 0 (S (NP-SBJ they) (VP would (VP acquire (NP the assets) (PP-CLR for (NP (NP a combination) (PP of (NP (NP cash) and (NP (NP the assumption) (PP of (NP (NP certain) (PP of (NP (NP Sharon 's) liabilities)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The balance) (PP of (NP (NP the company 's) assets and liabilities))) (VP would (VP be (VP transferred (NP *-1) (PP-CLR to (NP (NP a new company) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP would (VP be (VP owned (NP *-2) (PP by (NP-LGS (NP Sharon 's) creditors)))))))))))) .)) (TOP (S (NP-SBJ Quantum) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP purchase (NP (NP (QP as much as $ 50 million) *U*) (PP in (NP (NP equity) (PP in (NP the new company))))) , (SBAR-ADV if (FRAG (ADJP necessary))) , (PP for (NP (NP the confirmation) (PP of (NP the plan)))))))))))) .)) (TOP (S (NP-SBJ (NP Castle Harlan) and (NP Quantum)) (VP said (SBAR 0 (S (NP-SBJ-2 the plan) (VP is (VP expected (S (NP-SBJ-1 *-2) (VP to (VP be (VP filed (NP *-1) (PP-TMP within (NP 60 days)) (PP-CLR with (NP (NP the U.S. Bankruptcy Court) (PP-LOC in (NP Pittsburgh))))))))))))) .)) (TOP (S (NP-SBJ The agreement) (VP is (ADJP-PRD subject (PP to (NP (NP certain conditions) , (PP including (S-NOM (NP-SBJ *) (VP obtaining (NP financing)))))))) .)) (TOP (S (NP-SBJ Castle Harlan) (VP said (SBAR (SBAR that (S (NP-SBJ-1 such financing) (VP is (ADVP-TMP already) (VP being (VP sought (NP *-1)))))) and (SBAR that (S (NP-SBJ-2 a formal proposal) (VP would (VP be (VP made (NP *-2) (PP-CLR to (NP (NP (NP Sharon 's) Chapter 11 trustee) and (NP other Sharon creditors))) (PP-TMP over (NP the next few days))))))))) .)) (TOP (S (NP-SBJ (NP Sharon) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Farrell) , (NP Pa.)))) ,) (VP filed (PP-CLR for (NP (NP protection) (PP from (NP creditors)) (PP-LOC under (NP the federal Bankruptcy Code)))) (PP-TMP in (NP April 1987))) .)) (TOP (S (NP-SBJ The company) (VP had (VP been (NP-PRD (NP one) (PP of (NP (NP the maninstays) (PP of (NP (NP Miami Beach financier Victor Posner 's) empire))))))) .)) (TOP (S (NP-SBJ Mr. Posner) (VP resigned (PP-CLR as (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP Sharon)))) (PP-TMP in (NP April 1988))) .)) (TOP (S (NP-SBJ He) (VP (VP remains (NP-PRD chairman)) , but (VP wields (NP little power) (PP-LOC at (NP the company)))) .)) (TOP (S (NP-SBJ (NP Quantum Fund) , (VP based (NP *) (PP-LOC-CLR in (NP New York))) ,) (VP is (NP-PRD (NP a (ADJP (QP $ 2.1 billion) *U*) investment fund) (VP managed (NP *) (PP by (NP-LGS Soros Fund Management))))) .)) (TOP (S (NP-SBJ Quantum) (VP is (NP-PRD (NP Sharon 's) largest unsecured creditor)) .)) (TOP (S (NP-SBJ The Castle Harlan group) (VP includes (NP (NP (NP Walter Sieckman) , (NP (NP former chief operating officer) (PP of (NP Sharon)))) , and (NP (NP Wolfgang Jansen) , (NP former executive vice president)))) .)) (TOP (S (NP-SBJ-1 (NP Executives) (PP-LOC at (NP Sharon))) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the proposal)))))) .)) (TOP (S (NP-SBJ (NP (NP The company 's) trustee) , (NP F.E. Agnew) ,) (VP was (ADJP-PRD unavailable (PP for (NP comment)))) .)) (TOP (S (NP-SBJ-1 (NP Two old friends) , (NP (NP George Bush) and (NP Deng Xiaoping)) ,) (VP are (VP trying (S (NP-SBJ *-1) (VP to (VP limit (NP (NP further damage) (PP to (NP U.S.-China ties)))))))) .)) (TOP (S But (SBAR-ADV as (S (NP-SBJ Congress) (VP prepares (NP (NP a fresh package) (PP of (NP (NP sanctions) (PP against (NP Beijing)))))))) , (NP-SBJ the already-tense relationship) (VP could (VP get (ADJP-PRD worse))) .)) (TOP (S (NP-SBJ-3 (NP The problem) (PP for (NP Congress))) (VP will (VP be (S-PRD (NP-SBJ *-3) (VP to (VP weigh (SBAR-NOM (WHNP-1 what) (S (NP-SBJ China) (VP is (VP saying (NP *T*-1) (PP-CLR to (NP its people)))))) (PP-CLR against (NP (NP the (ADJP more conciliatory) message) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP is (VP delivering (NP *T*-2) (PP-DTV to (NP the Bush administration))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a move) (VP (ADVP apparently) aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP heading (PRT off) (NP new punitive legislation))))))) , (NP-SBJ Mr. Deng) (VP sent (NP an indirect signal) (PP-DTV to (NP Washington)) (PP via (NP (NP T.D. Lee) , (NP (NP a Columbia University physicist) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP met (NP (NP Mr. Deng) and (NP other Chinese leaders)) (PP-LOC in (NP Beijing)) (NP-TMP last month)))))))) .)) (TOP (S-3 (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ he) (VP met (PP-CLR with (NP Mr. Bush)) (PP on (NP his return)) (ADVP-TMP *T*-2)))) (PRN , (S (NP-SBJ Mr. Lee) (VP says (SBAR 0 (S *T*-3)))) ,) (NP-SBJ he) (VP told (NP the president) (SBAR that (S (NP-SBJ the Chinese) `` (VP made (NP (NP statements) (SBAR *ICH*-1)) (PP-CLR to (NP me)) (SBAR-1 (WHNP-4 that) (S (NP-SBJ I) (VP regard (NP *T*-4) (PP-CLR as (NP (NP a first step) (PP toward (NP reconciliation))))))))))) . '')) (TOP (S (NP-SBJ (NP The communication) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Lee) (VP brought (NP *T*-1))))) (VP represents (NP (NP the softer line) (SBAR (WHNP-2 0) (S (NP-SBJ-3 the U.S.) (VP has (VP been (VP hoping (S (NP-SBJ *-3) (VP to (VP hear (NP *T*-2) (PP from (NP Chinese officials))))) (PP-TMP since (NP (NP the June 4 massacre) (PP of (NP pro-democracy demonstrators)) (PP-LOC in (NP Beijing))))))))))) .)) (TOP (S-2 (NP-SBJ The Chinese leader) (PRN , (S (NP-SBJ Mr. Lee) (VP informed (NP Mr. Bush) (SBAR 0 (S *T*-2)))) ,) (VP (VP expressed (NP (NP some regret) (PP for (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP had (VP happened (PP-LOC in (NP Beijing))))))))) and (VP conceded (SBAR that (S (NP-SBJ (NP China 's) officials) (VP bore (NP some responsibility)))))) .)) (TOP (S (NP-SBJ Mr. Lee) (VP says (SBAR 0 (S (NP-SBJ Mr. Deng) (VP told (NP him) : `` (S (NP-SBJ We) (VP should not (VP mind (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP participated (PP-CLR in (NP demonstrations))) , (VP signed (NP anti-government materials)) and (VP went (PP-CLR on (NP hunger strikes)))))))))))))) . '')) (TOP (S-1 (NP-SBJ Mr. Deng) (VP added (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ Mr. Lee)) ,) (SBAR that `` (S (NP-SBJ we) (ADVP really) (VP made (NP mistakes))))) .)) (TOP (S (S (NP-SBJ We) (VP must not (VP shirk (NP our responsibility)))) and (S (NP-SBJ we) (VP can not (ADVP just) (VP blame (NP the demonstrators)))) . '')) (TOP (S (NP-SBJ Mr. Lee) (ADVP also) (VP reported (PP-CLR to (NP the president)) (SBAR that , (S (PP-LOC in (NP a separate meeting)) , (NP-SBJ Communist Party chief Jiang Zemin) (VP said (SBAR 0 (S (NP-SBJ the Chinese leadership) `` (VP looked (ADVP-MNR kindly) (PP-CLR on (NP (NP the students) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP took (NP-CLR part) (PP-CLR in (NP the demonstrations)))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Jiang) (ADVP also) (VP pledged (SBAR that (S (NP-SBJ the Chinese Red Cross) (VP would (VP publish `` (ADVP-TMP very soon) '' (NP (NP a list) (PP of (NP (NP those) (VP killed (NP *)))))))))) .)) (TOP (S And (NP-SBJ he) (VP told (NP the physicist) (SBAR that (S (NP-SBJ (NP China 's) leaders) (VP (VP were (ADJP-PRD `` (ADVP very much) concerned '' (PP about (NP the deaths)))) and (VP had (VP arranged (NP (NP aid) (PP for (NP (NP the victims ') families))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP transmitted (NP my conversations) (PP-CLR to (NP the White House)))) , '' (NP-SBJ Prof. Lee) (VP says (S *T*-1)) .)) (TOP (S But , (NP-SBJ he) (VP adds , `` (S (NP-SBJ I) (VP was not (VP acting (PP-CLR as (NP a messenger)))))) . '')) (TOP (S (NP-SBJ He) (VP says (SBAR (SBAR that (S (NP-SBJ the Chinese) (ADVP-TMP never) (VP asked (NP-1 him) (S (NP-SBJ *-1) (VP to (VP convey (NP their statements) (PP-CLR to (NP President Bush)))))))) , but (SBAR that (S (NP-SBJ the White House) (VP (ADVP-MNR spontaneously) invited (NP-2 him) (S (NP-SBJ *-2) (VP to (VP do (ADVP-PRD so))))))))) .)) (TOP (S (NP-SBJ Mr. Lee) (VP (VP concedes (SBAR 0 (S (NP-SBJ (NP the statements) (VP made (NP *) (PP-CLR to (NP him)))) (VP are (ADJP-PRD far different (PP from (NP (NP others) (VP being (VP issued (NP *) (PP-LOC in (NP China))))))))))) , but (VP attributes (NP that) (PP-CLR to (NP the fact (SBAR that (S (NP-SBJ (NP the situation) (PP-LOC in (NP China))) (VP is `` (ADJP-PRD very complex)))))))) . '')) (TOP (S (PP According (PP to (NP (NP U.S. sources) (PP-LOC in (NP Beijing))))) , (NP-SBJ the administration) (VP hopes (SBAR 0 (S (NP-SBJ (NP Mr. Deng 's) fairly conciliatory comments) (VP will (VP prod (S (NP-SBJ Congress) (VP to (VP be (ADJP-PRD cautious (PP about (NP (NP further sanctions) (PP against (NP Beijing))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 The president) (VP does n't (VP want (S (NP-SBJ *-2) (VP to (VP have (NP legislative sanctions))))))) , '' (VP says (S *T*-1)) (NP-SBJ a U.S. official) .)) (TOP (S `` But (NP-SBJ he) (VP may not (VP have (NP a choice))) . '')) (TOP (S (S-ADV (NP-SBJ *) (VP Given (NP (NP (NP China 's) far-from-conciliatory statements) (PP to (NP its own people))))) , (NP-SBJ-1 Mr. Bush) (VP may (VP be (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP prevent (NP new sanctions))))))) .)) (TOP (S (NP-SBJ Beijing officials) (VP have (VP said (SBAR 0 (S (NP-SBJ they) (VP will (VP step (PRT up) (NP (NP the campaign) (PP of (NP arrests and intimidation)) (PP against (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP participated (PP-CLR in (NP the demonstrations)))))))))))))) .)) (TOP (S (NP-SBJ Sentences) (VP have (VP been (ADJP-PRD stiff))) .)) (TOP (S-1 (NP-SBJ A university student) (VP got (NP eight years) (PP for (S-NOM (NP-SBJ *) (VP participating (PP-CLR in (NP the rallies))))) (PRN , (S (NP-SBJ (NP sources) (PP-LOC in (NP Beijing))) (VP said (SBAR 0 (S *T*-1)))) ,) (SBAR-ADV while (S (NP-SBJ an 18-year-old worker) (VP got (NP 10 years))))) .)) (TOP (SINV Nor has (NP-SBJ Beijing) (VP hinted (PP-CLR to (NP its citizens)) (SBAR that (S (NP-SBJ it) (VP will (VP publish (NP (NP the identities) (PP of (NP (NP those) (VP killed (NP *)))))))))) .)) (TOP (S (ADVP-TMP So far) , (S (NP-SBJ-1 the victims) (VP are (VP (ADVP officially) considered (S (NP-SBJ *-1) (NP-PRD evil-doers))))) , and (S (NP-SBJ their families) (VP receive (NP no compensation))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP A man) (VP gunned (NP *) (PRT down) (PP by (NP-LGS a stray bullet)) (SBAR-TMP while (S (NP-SBJ *) (VP cycling (PP-DIR to (NP work))))))) (VP carries , (PP-TMP after (NP his death)) , (NP (NP the official stigma) (PP of `` (NP counterrevolutionary))))) , '' (NP-SBJ his wife) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD more)))) , (NP-SBJ (NP much) (PP of (NP (NP China 's) official rhetoric))) (VP is (ADJP-PRD hostile (PP to (NP the U.S)))) .)) (TOP (S (NP-SBJ China) (ADVP-TMP frequently) (VP lambastes (NP-2 the U.S. Embassy) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP harboring (NP (NP astrophysicist Fang Lizhi) , (NP (NP a political dissident) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP took (NP refuge) (ADVP-LOC there) (PP-TMP after (NP the massacre))))))))))) .)) (TOP (S `` (S-TPC-3 (PP-LOC In (NP the U.S.)) , (NP-SBJ there) (VP are (ADVP still) (NP-PRD (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP want (S (NP-SBJ *-2) (VP to (VP (VP crush (NP China)) and (VP interfere (PP in (NP our internal affairs)))))))))))) , '' (NP-SBJ (NP Zhu Qizhen) , (NP (NP (NP China 's) new ambassador) (PP to (NP the U.S.))) ,) (VP said (S *T*-3) (SBAR-TMP as (S (NP-SBJ he) (VP left (PP-DIR for (NP Washington)) (NP-TMP last week))))) .)) (TOP (S (NP-SBJ-1 The House and Senate) (VP are (S (NP-SBJ-2 *-1) (VP to (VP begin (ADVP-TMP soon) (S (NP-SBJ *-2) (VP hashing (PRT out) (NP (NP an agreement) (PP for (NP sanctions legislation))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP will (ADVP probably) (VP be (VP attached (NP *-1) (PP-CLR to (NP (NP a State Department authorization bill) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 Mr. Bush) (VP is n't (VP expected (S (NP-SBJ *-3) (VP to (VP veto (NP *T*-2))))))))))))) .)) (TOP (S (NP-SBJ (NP A congressional staffer) (VP involved (NP *) (PP-CLR in (S-NOM (NP-SBJ *) (VP drafting (NP the sanctions)))))) (VP says (SBAR 0 (S (NP-SBJ-2 they) (VP are (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP mirror (NP (NP those) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Bush) (VP enacted (NP *T*-1) (PP-TMP shortly after (NP the massacre)))))))))))))) .)) (TOP (S But (PP as (NP legislative action)) , (NP-SBJ they) (VP (VP would (VP carry (NP greater weight))) and (VP would (VP be (ADJP-PRD more difficult (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP rescind (NP *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP Measures) (PP (ADVP-TMP already) in (NP effect)) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP are (VP expected (S (NP-SBJ-1 *-3) (VP to (VP be (VP made (S (NP-SBJ *-1) (NP-PRD law))))))))))) (VP include (NP (NP (NP a ban) (PP on (NP military sales and exchanges))) , (NP (NP a suspension) (PP of (NP most high-level government contacts))) and (NP (NP a halt) (PP to (NP (NP U.S. trade enhancement programs) , (PP such as (NP (NP the Overseas Private Investment Corp.) and (NP the Trade Development Program)))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Codifying (NP those sanctions))) (VP could (VP prompt (NP Chinese retaliation))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ the two sides) (VP are n't (ADJP-PRD careful)))) , (NP-SBJ U.S.-China ties) (VP could (VP spin (ADVP-DIR downward) , (PP out (PP of (NP control)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP a U.S. official) (PP-LOC in (NP Beijing))) .)) (TOP (S `` (NP-SBJ Bush and Deng) (VP are (VP hoping (SBAR -LCB- that -RCB- (S (NP-SBJ cooler heads) (VP prevail))))) .)) (TOP (S (NP-SBJ-3 (NP The amount) (PP of (NP (NP blood) (SBAR (WHNP-1 0) (S (NP-SBJ surgical patients) (VP can (VP donate and store (NP *T*-1) (PP-TMP before (NP surgery))))))))) (VP can (VP be (VP increased (NP *-3) (PP by (NP-LGS (NP the new (ADJP genetically engineered) drug) , (NP EPO)))))) .)) (TOP (S (NP-SBJ (NP EPO) , or (NP erythropoietin) ,) (VP is (NP-PRD (NP a protein) (SBAR (WHNP-1 0) (S (NP-SBJ-2 the human body) (VP makes (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP stimulate (NP (NP the growth) (PP of (NP red blood cells))))))))))) .)) (TOP (S (NP-SBJ-1 (NP A (ADJP genetically engineered) version) (PP of (NP the human protein)) (VP developed (NP *) (PP by (NP-LGS (NP Amgen Corp.) (PP of (NP (NP Thousand Oaks) , (NP Calif.) ,)))))) (ADVP-TMP recently) (VP has (VP been (VP marketed (NP *-1) (PP by (NP-LGS (NP the Ortho Pharmaceuticals division) (PP of (NP Johnson & Johnson))))))) .)) (TOP (S (NP-SBJ-1 (NP A competing version) (PP of (NP EPO))) (VP is (VP being (VP developed (NP *-1) (PP by (NP-LGS (NP Genetics Institute Inc.) (PP-LOC in (NP (NP Cambridge) , (NP Mass)))))))) .)) (TOP (S (NP-SBJ-1 The drug) (VP is (VP being (VP used (NP *-1) (ADVP primarily) (S-CLR (NP-SBJ *) (VP to (VP treat (NP anemias))))))) .)) (TOP (S (NP-SBJ (NP A new experiment) , (VP reported (NP *) (PP-LOC in (NP (NP (NP this week 's) New England Journal) (PP of (NP Medicine))))) ,) (VP involved (S (NP-SBJ *) (VP giving (NP (NP injections) (PP of (NP (NP Amgen 's) EPO))) (PP-DTV to (NP (NP 23 patients) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP wanted (S (NP-SBJ *-2) (VP to (VP store (NP (NP units) (PP of (NP their own blood)))))))))))))) .)) (TOP (S (NP-SBJ-1 The patients) (VP began (S (NP-SBJ *-1) (VP receiving (NP EPO injections) (PP-TMP (NP-ADV (QP about a) month) before (NP their scheduled surgery))))) .)) (TOP (S (NP-SBJ-1 They) (ADVP-TMP then) (VP began (S (NP-SBJ-2 *-1) (VP donating (NP blood) (NP-TMP twice a week) , (S-ADV (NP-SBJ *-2) (VP receiving (NP an EPO injection) (NP-TMP each time)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ tests) (VP indicated (NP (NP a low number) (PP of (NP red cells)))))) , (NP-SBJ-1 blood) (VP was n't (VP taken (NP *-1))) .)) (TOP (S (NP-SBJ The EPO-treated patients) (VP donated (NP (NP an average) (PP of (NP (NP 5.4 units) (PP of (NP blood)))) (NP-ADV each)) (PP compared (PP with (NP (NP (QP only 4.1) units) (VP donated (NP *) (PP by (NP-LGS (NP a similar group) (PP of (NP (NP surgical patients) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP received (NP a placebo injection))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The volume) (PP of (NP (NP red cells) (VP donated (NP *) (PP by (NP-LGS the EPO-treated patients)))))) (VP was (ADVP-PRD (NP 41 %) higher) (PP per (NP donor)))) , (NP-SBJ (NP the research team) (VP representing (NP (NP a number) (PP of (NP (NP hospitals) and (NP blood banks)))))) (VP reported (SBAR 0 (S *T*-1))) .)) (TOP (S -LRB- (PP-TMP During (NP its centennial year)) , (NP-SBJ The Wall Street Journal) (VP will (VP report (NP (NP events) (PP of (NP (NP the past century) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stand (PP-CLR as (NP (NP milestones) (PP of (NP American business history)))))))))))) . -RRB-)) (TOP (S-HLN (NP-SBJ (NP TAX SHELTERS) (VP CALLED (S (NP-SBJ *) (NP-PRD (NP Individual Retirement Accounts) , or `` (NP IRAs) , '')))) (VP (VP were (VP created (PP-MNR without (NP fanfare)) (PP-TMP on (NP Sept. 2 , 1974)))) , but (VP grew (PP beyond (NP expectations)) (PP as (NP (NP an inducement) (PP to (NP personal saving)))))) .)) (TOP (S (NP-TMP That Labor Day) , (PP-LOC in (NP (NP his first major act) (PP-TMP after (S-NOM (NP-SBJ *) (VP succeeding (NP the resigned Richard Nixon) (PP-CLR as (NP president))))))) , (NP-SBJ Gerald R. Ford) (VP signed (NP the Employee Retirement Income Security Act)) .)) (TOP (S (NP-SBJ Pension reform) (VP was (NP-PRD its main thrust)) .)) (TOP (S (NP-SBJ-1 Labor and business leaders) , (S-ADV (NP-SBJ-2 *-1) (VP quoted (NP *-2) (PP-LOC at (NP the White House Rose Garden rites)))) , (VP hailed (NP (NP its provisions) (PP for (S-NOM (NP-SBJ *) (VP insuring (NP corporate pension benefits)))))) .)) (TOP (S (NP-SBJ IRAs) (VP were (PP-PRD like (NP stepchildren)) (ADVP-LOC there)) .)) (TOP (S (NP-SBJ (NP The IRA 's) conception) (VP is (ADJP-PRD murky)) .)) (TOP (S (PP-TMP In (NP 1972)) , (NP-SBJ (NP then Treasury Secretary George Shultz) , (PP with (NP (NP the key support) (PP of (NP Sen. Carl Curtis)))) ,) (VP sought (NP (NP some form) (PP of (NP pensions)) (PP for (NP the uncovered)))) .)) (TOP (S (NP-TMP That year) (NP-SBJ-1 (NP a four-man group) (VP headed (NP *) (PP by (NP-LGS (NP William Lieber) (PP in (NP (NP the Legislation and Regulations division) (PP of (NP (NP the Office) (PP of (NP the Chief Counsel)) (PP for (NP the Internal Revenue Service))))))))) ,) (VP was (VP assigned (NP *-1) (NP (NP the task) (PP of (S-NOM (NP-SBJ *) (VP designing (NP a plan))))))) .)) (TOP (S (NP-SBJ They) (VP used (NP (NP the 1962 Keogh Plan) , (NP (NP a pension plan) (VP created (NP *) (PP by (NP-LGS a New York congressman)) (PP for (NP the self-employed)))) ,) (PP-CLR as (NP a partial model))) .)) (TOP (S (NP-SBJ This team) (ADVP-TMP initially) (VP called (S (NP-SBJ its new model) (NP-PRD (NP Personal Retirement Account) , or `` (NP PRA)))) . '')) (TOP (S But (NP-SBJ it) (VP did n't (VP sing)) .)) (TOP (S So (NP-SBJ-2 they) (VP opted (PP-CLR for (NP IRA)) , (S-ADV (NP-SBJ *-2) (VP naming (NP it) (PP-CLR after (NP (NP Ira Cohen) , (NP (NP a brilliant IRS actuary) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP helped (NP them)))))))))) .)) (TOP (S (NP-SBJ (NP Ira) , (NP himself) ,) (VP confirms (NP this account)) .)) (TOP (S (NP-SBJ-1 IRA rules) (VP have (VP been (VP changed (NP *-1) (PP-TMP over (NP the years))))) .)) (TOP (S (NP-SBJ One) (PP-TMP in (NP 1981)) (VP (VP raised (PP-DIR to (NP (NP $ 2,000 *U*) (NP-ADV a year))) (PP-DIR from (NP $ 1,500 *U*)) (NP (NP the amount) (SBAR (WHNP-1 0) (S (NP-SBJ a person) (VP could (VP put (NP *T*-1) , (ADVP tax-deductible) , (PP-PUT into (NP the tax-deferred accounts)))))))) and (VP widened (NP coverage) (PP-CLR to (NP (NP people) (PP-LOC under (NP employer retirement plans)))))) .)) (TOP (S (NP-SBJ This) (VP caused (NP (NP an explosion) (PP of (NP IRA promotions)) (PP by (NP (NP brokers) , (NP banks) , (NP mutual funds) and (NP others))))) .)) (TOP (S But (S (PP-TMP in (NP 1986)) (NP-SBJ Congress) (VP (ADVP-MNR sharply) reduced (NP (NP the number) (PP of (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP could (VP qualify (PP for (NP its benefits))))))))))) and (S (NP-SBJ IRA tax-deductions) (VP slowed (NP their roaring growth))) .)) (TOP (S (NP-SBJ IRA account assets) (VP have (VP grown (PP-DIR to (NP (QP about $ 400 billion) *U*)) (PP-DIR from (NP (NP (NP (QP $ 393 billion) *U*) (NP-TMP last year)) and (NP (NP (QP just $ 26 billion) *U*) (PP-TMP in (NP 1981))))))) .)) (TOP (S (NP-SBJ The Soviet State Bank) (VP announced (NP (NP a (ADJP 90 %) devaluation) (PP of (NP the ruble)) (PP against (NP the dollar)) (PP for (NP private transactions))) , (PP-LOC in (NP an apparent attempt (S (NP-SBJ *) (VP to (VP curb (NP (NP (NP the nation 's) (ADJP rapidly growing) black market) (PP for (NP hard currency))))))))) .)) (TOP (S (NP-SBJ (NP The measure) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP take (NP-CLR effect) (NP-TMP next Wednesday))))) ,) (VP will (VP create (NP a two-tier exchange rate))) .)) (TOP (S (NP-SBJ-2 Commercial transactions) (VP will (VP continue (S (NP-SBJ-1 *-2) (VP to (VP be (VP based (NP *-1) (PP-CLR on (NP (NP the official rate) (PP of (NP (NP (QP about 0.63) rubles) (PP to (NP the dollar)))))))))))) .)) (TOP (S But (PP for (NP (NP Soviet citizens) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP travel (ADVP-LOC abroad) (PP for (NP business or tourism))))))) , (NP-SBJ the rate) (VP will (VP jump (PP-DIR to (NP (NP 6.26 rubles) (PP to (NP the dollar)))))) .)) (TOP (S (NP-SBJ Tass news agency) (VP said (SBAR 0 (S (NP-SBJ the devaluation) (ADVP also) (VP will (VP apply (PP-CLR to (NP (NP foreigners ') transactions))))))) .)) (TOP (S But (S (NP-SBJ it) (VP did n't (VP elaborate))) , and (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP remains (ADJP-PRD unclear) (SBAR-1 (WHADVP-2 how far) (S (NP-SBJ-3 (NP Western tourists) and (NP (NP foreigners) (VP living (PP-LOC-CLR in (NP Moscow))))) (VP will (VP be (VP allowed (S (NP-SBJ *-3) (VP to (VP benefit (PP-CLR from (NP the sweeping rate cut)) (ADVP *T*-2))))))))))) .)) (TOP (S (NP-SBJ The current ruble rate) (VP has (ADVP-TMP long) (VP been (PP-PRD out (PP of (NP (NP line) (PP with (NP the black market))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ Soviet leader Mikhail Gorbachev) (VP has (VP opened (PRT up) (NP the country) (PP-CLR to (NP foreign trade)))))) , (NP-SBJ the discrepancy) (VP has (VP become (ADJP-PRD ever greater))) .)) (TOP (S (NP-SBJ-1 (NP Western tourists) (PP-LOC in (NP the Soviet Union)) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP could (VP exchange (NP a dollar) -- (ADVP-MNR albeit illegally) -- (PP-CLR for (NP about four rubles)) (ADVP-TMP (NP a year) ago)))))) (VP are (ADVP-TMP now) (VP being (VP offered (NP *-1) (NP 15 rubles (QP or more))))) .)) (TOP (S (PP Even at (NP such rates)) , (NP-SBJ-1 black marketeers) (VP have (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP make (NP big profits))))) (PP-PRP because of (NP (NP the dire shortage) (PP of (NP consumer goods)) (ADVP-LOC here))))) .)) (TOP (S (NP-SBJ-1 They) (VP (VP use (NP dollars) (S-CLR (NP-SBJ *-1) (VP to (VP buy (NP (NP Western items) (PP such as (NP (NP video recorders) and (NP personal computers)))))))) and (ADVP then) (VP sell (NP them) (PP-CLR at (NP a huge mark-up)))) .)) (TOP (S (NP-SBJ (NP The going rate) (PP for (NP (NP a small personal computer) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP costs (NP (QP about $ 2,000) *U*) (PP-LOC in (NP the West)))))))) (VP is (NP-PRD (QP anywhere from 50,000 to 100,000) rubles)) .)) (TOP (S (NP-SBJ (NP Even a pack) (PP of (NP 20 Western cigarettes))) (VP can (VP fetch (NP 20 rubles (QP or more)))) .)) (TOP (S (PP With (NP (NP (NP (QP more than 300 billion) rubles) (PP-LOC in (NP savings accounts))) and (NP (NP little) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP spend (NP them) (PP on (NP *T*-1))))))))) , (S (NP-SBJ Soviet consumers) (VP grumble (PP at (NP (NP the exorbitant black-market prices) (PP for (NP such goods)))))) -- but (S (NP-SBJ they) (VP buy (NP them) (ADVP anyway))) .)) (TOP (S (NP-SBJ-2 Moscow) (VP has (ADVP-TMP already) (VP (ADVP-MNR tacitly) admitted (SBAR that (S (NP-SBJ the ruble) (VP is n't (ADJP-PRD worth much)))) , (S-ADV (NP-SBJ *-2) (VP announcing (PP-TMP in (NP August)) (SBAR that (S (NP-SBJ it) (VP will (VP pay (NP Soviet farmers) (PP-MNR in (NP hard currency)) (PP-CLR for (NP (NP (NP grain) and (NP other produce)) (SBAR (WHNP-1 that) (S (NP-SBJ they) (VP grow (NP *T*-1) (PP in (NP (NP excess) (PP of (NP state-plan quotas))))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The absurdity) (PP of (NP the official rate))) (VP should (VP seem (ADJP-PRD obvious) (PP to (NP everyone))))) , '' (NP-SBJ the afternoon newspaper Izvestia) (VP wrote (S *T*-1) (PP-LOC in (NP (NP a brief commentary) (PP on (NP the devaluation))))) .)) (TOP (S (NP-SBJ (NP The State Bank 's) move) (VP is (NP-PRD (NP part) (PP of (NP a drive (S (NP-SBJ *) (VP to (VP iron (PRT out) (NP exchange-rate discrepancies) (SBAR-ADV as (S (NP-SBJ Moscow) (VP moves (PP-DIR toward (NP (S-NOM (NP-SBJ *) (VP making (S (NP-SBJ the ruble) (ADJP-PRD convertible)))) -- (NP (NP a goal) (SBAR (WHNP-1 that) (S (NP-SBJ Soviet bankers and economists) (VP say (SBAR 0 (S (NP-SBJ *T*-1) (VP is (ADVP-TMP still) (ADVP-LOC-PRD far away)))))))))))))))))))) .)) (TOP (S (S (NP-SBJ (NP Rumors) (PP of (NP an impending devaluation))) (VP have (VP been (VP circulating (PP-LOC in (NP Moscow)) (PP-TMP for (NP weeks)))))) , but (S (NP-SBJ (NP the size) (PP of (NP the cut))) (VP took (NP many Western bankers) (PP-CLR by (NP surprise)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP 's (ADJP-PRD (ADJP much bigger) (SBAR than (S (NP-SBJ we) (VP expected (S *?*))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP one German banker) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP asked (S (NP-SBJ-3 *) not (VP to (VP be (VP named (NP *-3))))))))) .)) (TOP (S (NP-SBJ (NP The next step) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP could (VP have (NP (NP a larger effect) (PP on (NP businesses))))))) ,) (VP will (VP come (NP-TMP early next month) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-3 (NP the Bank) (PP for (NP Foreign Economic Affairs))) (VP is (S (NP-SBJ *-3) (VP to (VP hold (NP (NP its first auction) (PP of (NP foreign currency))) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ-2 (NP Soviet companies) (VP needing (NP Western currencies) (S-PRP-CLR (NP-SBJ *) (VP to (VP buy (NP equipment and supplies) (ADVP-LOC abroad)))))) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP submit (NP bids))))))) .)) (TOP (S (NP-SBJ-1 (NP Plans) (PP for (NP (NP the auction) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP was (VP supposed (S (NP-SBJ *-3) (VP to (VP (VP take (NP-CLR place) (NP-TMP last spring)) and (VP become (NP-PRD a regular event))))))))) ,))) (VP have (VP been (VP thwarted (NP *-1) (PP by (NP-LGS (NP a lack) (PP of (NP hard currency))))))) .)) (TOP (S (S (NP-SBJ-2 (NP Soviet firms) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP hold (NP some))))) (VP are (ADJP-PRD unwilling (S (NP-SBJ *-2) (VP to (VP part (PP-CLR with (NP it)))))))) , and (S (NP-SBJ-3 joint ventures) (VP are n't (ADVP-TMP yet) (VP allowed (S (NP-SBJ *-3) (VP to (VP participate)))))) .)) (TOP (S (NP-SBJ-1 The Kremlin) (ADVP also) (VP has (VP been (ADJP-PRD unwilling (S (NP-SBJ *-1) (VP to (VP provide (NP hard currency) (PP for (NP the auction)))))) , (S-ADV (NP-SBJ-2 *-1) (VP using (NP (NP a lot) (PP of (NP it))) (ADVP instead) (S-CLR (NP-SBJ *-2) (VP to (VP finance (NP (NP emergency imports) (PP of (NP consumer goods)))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ foreign tourists and businesses) (VP could (VP sell (NP their currencies) (ADVP-MNR freely) (PP-CLR at (NP the new , better exchange rate)))))) , (NP-SBJ that) (VP (VP would (VP enable (S (NP-SBJ the State Bank) (VP to (VP increase (NP its dollar reserves)))))) and (VP would (VP mop (PRT up) (NP (NP some) (PP of (NP (NP the excess rubles) (PP-LOC in (NP the economy))))) (PP-TMP at (NP the same time))))) .)) (TOP (S (S But (NP-SBJ-1 (NP the amounts) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP exchange (NP *T*-2))))) (VP may (VP be (VP limited (NP *-1))))) ; (S (NP-SBJ most Soviet hotels) , (PP for (NP example)) , (VP demand (NP (NP payment) (PP in (NP hard currency))) (PP-CLR from (NP Western visitors)))) .)) (TOP (S (SBAR-ADV Unless (S (NP-SBJ-1 other rules) (VP are (VP changed (NP *-1))))) , (NP-SBJ the devaluation) (VP could (VP cause (NP difficulties) (PP for (NP (NP (NP the people) (SBAR (WHNP-3 0) (S (NP-SBJ-4 it) (VP is (ADVP primarily) (VP meant (S (NP-SBJ *-4) (VP to (VP help (NP *T*-3))))))))) : (NP (NP Soviets) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP travel (ADVP-LOC abroad))))))))) .)) (TOP (S (PP-TMP Over (NP the past three years)) , (NP-SBJ-1 (NP thousands) (PP of (NP people)) (ADVP-LOC here)) (VP have (VP made (NP-CLR use) (PP-CLR of (NP looser travel restrictions)) (S-PRP (NP-SBJ *-1) (VP to (VP get (NP (NP their first taste) (PP of (NP (NP life) (ADVP-LOC abroad))))))))) .)) (TOP (S But (PP under (NP current rules)) , (NP-SBJ-1 they) (VP are (VP allowed (S (NP-SBJ *-1) (VP to (VP change (NP (QP just 200) rubles) (PP-CLR into (NP (NP dollars) and (NP other currencies))) (PP for (NP each trip))))))) .)) (TOP (S (PP At (NP the new rate)) , (NP-SBJ that) (VP would (VP give (NP them) (NP (NP (QP about $ 30) *U*) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP travel (PP-MNR on (NP *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP is n't (ADVP yet) (ADJP-PRD clear) (SBAR-2 whether (S (NP-SBJ-3 the 200-ruble limit) (VP will (VP be (VP lifted (NP *-3))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ it) (VP is n't (VP *?*)))) , (NP-SBJ-1 (NP the black market) (PP for (NP dollars))) (ADVP probably) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP thrive))))) .)) (TOP (S (NP-SBJ International Business Machines Corp.) (VP made (NP news) (NP-TMP this summer) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP landed (NP an unusual contract (S (NP-SBJ *) (VP to (VP manage (NP (NP all) (PP of (NP (NP Eastman Kodak Co. 's) data-processing needs))))))) (ADVP-TMP *T*-1))))) .)) (TOP (S But (NP-SBJ-1 the computer giant) (VP appears (S (NP-SBJ *-1) (VP to (VP have (VP lost (NP (NP a second key contract) (PP with (NP Kodak))) (PP to (NP archrival Digital Equipment Corp))))))) .)) (TOP (S (NP-SBJ Kodak) (NP-TMP yesterday) (VP confirmed (SBAR that (S (NP-SBJ it) (VP has (VP entered (NP negotiations) (PP-CLR with (NP-1 (ADJP Maynard , Mass.-based) Digital)) (S-CLR (NP-SBJ *-1) (VP to (VP manage (NP (NP all) (PP of (NP its voice and data communications needs))))))))))) .)) (TOP (S (NP-SBJ (NP Kodak) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Rochester) , (NP N.Y.)))) ,) (VP said (SBAR 0 (S (NP-SBJ IBM) (ADVP also) (VP had (VP bid (PP-CLR for (NP the business))))))) .)) (TOP (S (NP-SBJ-1 IBM) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Armonk) , (NP N.Y .))))))) (TOP (S (NP-SBJ The loss) (VP is (NP-PRD (NP a setback) (PP to (NP (NP IBM) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP pointed (PP-CLR to (NP the Kodak contract)) (PP-CLR as (NP (NP an example) (PP of (NP (NP its success) (PP-LOC in (NP systems integration))))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP an emerging business) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ (NP computer makers) or (NP consultants)) (VP provide (NP (NP turnkey communications) and (NP computing services)) (PP-CLR to (NP major corporations)) (PP-LOC *T*-1)))))) .)) (TOP (S (NP-SBJ-2 A Kodak spokesman) (VP declined (S (NP-SBJ *-2) (VP to (VP disclose (NP (NP the potential value) (PP of (NP (NP the contract) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADVP still) (PP-PRD in (NP negotiation)))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (NP-SBJ (NP American Telephone & Telegraph) , (NP MCI Communications Corp.) , (NP Rochester Telephone Corp.) and (NP (NP IBM) (NP itself))) (VP would (ADVP likely) (VP be (NP-PRD (NP (NP Digital 's) subcontractors) (PP on (NP the project)))))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-3 we) (VP decided (S (NP-SBJ *-3) (VP to (VP look (PP-LOC outside (NP the company)) (PP-CLR for (NP critical (UCP data-processing and communications) services))))) (ADVP-TMP *T*-2)))) , (NP-SBJ-4 we) (VP wanted (S (NP-SBJ *-4) (VP to (VP get (NP (NP the best vendor) (PP for (NP that service)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Paul Allen) , (NP the spokesman)) .)) (TOP (S `` (NP-SBJ That) (VP 's (SBAR-PRD (WHADVP-1 why) (S (NP-SBJ we) (VP (VP went (PP-CLR with (NP-2 IBM)) (PP-CLR-3 for (NP data center management))) ... and (VP (ADVP-TMP now) (NP=2 Digital) (PP-CLR=3 for (NP voice and data telecommunications))) (ADVP-PRP *T*-1))))) .)) (TOP (S (S (NP-SBJ This year) (VP is (NP-PRD (NP the 75th anniversary) (PP of (NP the Federal Reserve System))))) , and (S (NP-SBJ (NP some members) (PP of (NP Congress))) (VP think (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD (NP time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP take (NP (NP a fresh look) (PP at (NP (NP the nation 's) central bank))) (ADVP-TMP *T*-1))))))))))) .)) (TOP (S (PP-TMP After (NP 75 years)) (NP-SBJ there) (VP may (VP be (NP-PRD (NP a few things) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (PP-PRD worth (S-NOM (NP-SBJ *) (VP reexamining))))))))) .)) (TOP (S (NP-SBJ The regional Federal Reserve Bank setup) , (PP for (NP instance)) , (VP may (VP be (PP-PRD out (PP of (NP date))))) .)) (TOP (S (S (PP-TMP In (NP earlier years)) (NP-SBJ (NP it) (S *EXP*-1)) (VP may (VP have (VP seemed (ADJP-PRD reasonable) (S-1 (NP-SBJ *) (VP to (VP (VP give (NP (NP Richmond) , (NP Va.) ,) (NP a bank)) and (VP allow (NP Los Angeles) (NP (NP only a branch) (PP of (NP the San Francisco bank))))))))))) , but (S (NP-SBJ times) (VP have (VP changed))) .)) (TOP (S (S (ADVP Maybe) (NP-SBJ the whole regional system) (VP is (NP-PRD an anachronism))) ; (S (NP-SBJ the Fed) , (PP after (NP all)) , (VP is (NP-PRD a national central bank))) .)) (TOP (S (NP-SBJ-1 (NP Some) (PP of (NP the would-be reformers))) , (ADVP however) , (VP want (S (NP-SBJ *-1) (VP to (VP restore (NP (NP an arrangement) (SBAR (WHNP-2 0) (S (NP-SBJ we) (ADVP-TMP once) (VP had (NP *T*-2) -- (PRN or , (ADVP at least) , (NP (NP part) (PP of (NP it)))))))))))) .)) (TOP (S (PP-TMP In (NP the beginning)) , (NP-SBJ (NP the treasury secretary) and (NP (NP the comptroller) (PP of (NP the currency)))) (VP were both (NP-PRD (NP ex officio members) (PP of (NP the Federal Reserve Board)))) .)) (TOP (S But (PP-TMP in (NP 1935)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 Congress) (VP was (VP trying (S (NP-SBJ *-2) (VP to (VP find (NP (NP someone or something) (SBAR (WHNP-4 0) (S (NP-SBJ *) (VP to (VP blame (NP *T*-4) (PP-CLR for (NP the Great Depression)))))))))) (ADVP-TMP *T*-1))))) , (NP-SBJ-3 it) (VP decided (S (NP-SBJ *-3) (VP to (VP drop (NP both (NP the secretary) and (NP the comptroller)) (PP-CLR from (NP the board)))))) .)) (TOP (S (NP-SBJ (NP Carter Glass) , (NP (NP a former treasury secretary) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (ADVP-TMP then) (ADVP-LOC-PRD back (PP in (NP Congress))))))) ,) (ADVP probably) (VP influenced (NP the decision)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP was (PP-LOC-PRD on (NP the board)) (ADVP-TMP *T*-1)))) (NP-SBJ he) (VP felt (SBAR that (S (S (NP-SBJ he) (VP had (NP (NP a great deal) (PP of (NP power))))) and (PRN , (ADVP somehow) ,) (S (NP-SBJ he) (VP did n't (VP think (SBAR 0 (S (NP-SBJ that) (VP was (NP-PRD a good thing))))))))))))) .)) (TOP (S (NP-SBJ Times) (VP have (VP changed)) .)) (TOP (S (NP-SBJ (NP Rep. Byron Dorgan) (PRN -LRB- (NP D.) , (NP-LOC N.D .) -RRB-)) (VP has (VP introduced (NP (NP a bill) (VP *ICH*-1) (SBAR *ICH*-2)) (PP-LOC in (NP Congress)) , (VP-1 co-sponsored (NP *) (PP by (NP-LGS (NP Rep. Lee Hamilton) (PRN -LRB- (NP D.) , (NP-LOC Ind.) -RRB-)))) , (SBAR-2 (WHNP-3 that) (S (NP-SBJ *T*-3) (VP would (VP put (NP the treasury secretary) (ADVP back) (PP-PUT on (NP the board)))))))) .)) (TOP (S (S (NP-SBJ There) (VP is (NP-PRD doubt (SBAR that (S (NP-SBJ the change) (VP would (VP accomplish (NP much)))))))) but (S (ADVP at least) (NP-SBJ Congress) , (PP-TMP as (PP in (NP 1935))) , (VP would (VP be (VP doing (NP something))))) .)) (TOP (S (ADVP-TMP So far) (NP-SBJ no one) (VP has (VP suggested (S (NP-SBJ *) (VP putting (NP the comptroller) (ADVP back) (PP-PUT on (NP the board)))))) .)) (TOP (S (S (NP-SBJ (NP Nicholas Brady) , (NP the incumbent treasury secretary) ,) (VP is (PP of (NP course)) (ADJP-PRD aware (PP of (NP the proposal))))) , and (S (NP-SBJ he) (VP does n't (VP like (NP it) (ADVP-MNR much)))) .)) (TOP (S (NP-SBJ-1 Mr. Dorgen) (VP has (VP changed (NP tactics) , (S-ADV (NP-SBJ *-1) (VP dropping (NP the seat-for-the-secretary idea))))) .)) (TOP (S (S (NP-SBJ That) (VP may (VP have (VP pleased (NP the secretary))))) , but (S (NP-SBJ (NP H. Erich Heinemann) , (NP (NP chief economist) (PP of (NP (NP the investment firm) (PP of (NP Ladenburg , Thalmann & Co.))))) ,) (VP suggests (SBAR that (S (NP-SBJ Mr. Brady) (VP may (VP figure (SBAR 0 (S (NP-SBJ he) (ADVP already) (VP has (NP (NP all the power) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP needs (NP *T*-1)))))))))))))) .)) (TOP (S (PP Like (NP most treasury secretaries)) , (NP-SBJ Mr. Brady) (VP takes (NP (NP a keen interest) (PP in (NP monetary matters))) , (PP of (NP course))) .)) (TOP (S (NP-SBJ He) (VP was , (PP in (NP fact)) , (VP taking (NP (NP an especially keen interest) (PP in (NP board matters))) (SBAR-TMP even before (S (NP-SBJ he) (VP went (PP-DIR to (NP the treasury))))))) .)) (TOP (S (PP-TMP After (NP the October 1987 market crash)) , (NP-SBJ Mr. Brady) (PP as (NP a private citizen)) (VP headed (NP (NP a presidential commission) (SBAR (WHNP-2 that) (S (NP-SBJ-5 *T*-2) (VP tried (S (NP-SBJ *-5) (VP to (VP decide (SBAR (SBAR (WHNP-3 what) (S (NP-SBJ *T*-3) (VP went (ADJP-PRD wrong)))) and (SBAR (WHNP-4 what) (S (NP-SBJ-1 *T*-4) (VP should (VP be (VP done (NP *-1) (PP about (NP it)))))))))))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the commission 's) recommendations))) (VP was (SBAR-PRD that (S (NP-SBJ (NP a single agency) , (NP probably the Federal Reserve) ,) (VP should (VP coordinate (NP (NP regulation) (PP of (NP all financial markets)))))))) .)) (TOP (S (S (NP-SBJ This recommendation) (VP might (VP have (VP encouraged (S (NP-SBJ-1 a turf-hungry bureaucrat) (VP to (VP try (S (NP-SBJ *-1) (VP to (VP expand (NP his power))))))))))) , but (S (ADVP-TMP so far) (NP-SBJ Federal Reserve Chairman Alan Greenspan) (VP has n't (VP made (NP (NP a pitch) (PP for (NP the job)))))) .)) (TOP (S (S (NP-SBJ The Fed) (VP has (NP (NP plenty) (PP of (NP responsibilities))) (PP-TMP in (NP (NP times) (PP of (NP market turmoil)))))) and (S (PP-TMP (PP in (NP 1987)) and (ADVP again) (PP in (NP 1989))) (NP-SBJ-1 it) (VP appears (S (NP-SBJ *-1) (VP to (VP have (VP handled (NP them) (ADVP-MNR well))))))) .)) (TOP (S (S (NP-SBJ Mr. Brady) (VP has (VP said (SBAR 0 (S (NP-SBJ he) (VP thought (SBAR 0 (S (NP-SBJ-2 (NP government agencies) (PP-LOC in (NP the latest market drop))) (VP were (ADJP-PRD better prepared (S (NP-SBJ *-2) (VP to (VP coordinate (NP their actions)))))))))))))) , but (S (NP-SBJ he) (VP has (VP left (NP no doubt (SBAR that (S (NP-SBJ he) (ADVP still) (VP likes (NP (NP the ideas) (SBAR (WHNP-1 0) (S (NP-SBJ the commission) (VP advanced (NP *T*-1) (ADVP-TMP (NP nearly two years) ago)))))))))))) .)) (TOP (S (PP-TMP In (NP recent weeks)) , (ADVP moreover) , (NP-SBJ-2 Mr. Brady) (VP has (VP joined (NP other administration officials) (PP-LOC in (S-NOM (NP-SBJ-1 *-2) (VP trying (S (NP-SBJ *-1) (VP to (VP urge (NP the Fed) (PP-DIR toward (NP lower interest rates)))))))))) .)) (TOP (S (NP-SBJ The urging) (ADVP admittedly) (VP has (VP been (ADJP-PRD gentle))) .)) (TOP (S (PP-LOC In (NP (NP an interview) (PP with (NP the Washington Post)))) (PP-TMP in (NP early October)) , (NP-SBJ the secretary) (VP said (SBAR 0 (S (NP-SBJ-1 the Fed) (VP may (VP be (ADJP-PRD (ADJP slightly more interested (PP in (S-NOM (NP-SBJ *-1) (VP curbing (NP inflation))))) (SBAR than (S (NP-SBJ the administration) (VP is (ADJP-PRD *?*))))) , (SBAR-ADV while (S (NP-SBJ the administration) (VP may (VP put (NP (ADJP slightly more) emphasis) (PP-PUT on (S-NOM (NP-SBJ *) (VP spurring (NP economic growth))))))))))))) .)) (TOP (S (NP-SBJ (ADJP (ADVP At least) some) economists) , (PP of (NP course)) , (VP would (VP argue (SBAR that (S (NP-SBJ inflation) (VP deserves (NP (NP a lot) (PP of (NP emphasis)))))))) .)) (TOP (S (NP-TMP Earlier this month) (NP-SBJ-1 the St. Louis Fed) (VP held (NP a conference) (S-PRP (NP-SBJ *-1) (VP to (VP assess (NP (NP the system 's) first 75 years))))) .)) (TOP (S (NP-SBJ (NP Allan Meltzer) , (NP a Carnegie-Mellon University economist) ,) (VP noted (SBAR that (S (NP-SBJ (NP the Fed 's) record) (VP included (NP (NP the longest , (ADJP most sustained) , peacetime inflation) (PP-TMP in (NP our history)) , (VP dating (PP-TMP-CLR (PP from (NP either 1966 or 1967)) (PP to (NP 1989))))))))) .)) (TOP (S (S (NP-SBJ The inflation-growth argument) (VP is (NP-PRD an old one))) , but (S (NP-SBJ-2 Mr. Brady) , (UCP-LOC (PP on (NP the board)) or (ADVP off)) , (VP is (ADVP surely) (VP trying (S (NP-SBJ *-2) (VP to (VP influence (NP Fed policy))))))) .)) (TOP (S (ADVP Equally importantly) , (NP-SBJ the treasury secretary) (VP has (VP spearheaded (NP the administration effort (S (NP-SBJ *) (VP to (VP bring (NP the U.S. dollar) (PRT down) (PP-MNR by (S-NOM (NP-SBJ *) (VP shopping (ADVP-MNR avidly) (PP-CLR for (NP (NP (ADJP West German) marks) and (NP Japanese yen)))))))))))) .)) (TOP (S (S (NP-SBJ The treasury) (VP can (VP do (NP something) (PP-MNR on (NP its own))))) , but (S (S-PRP (NP-SBJ *-1) (VP to (VP have (NP (NP any hope) (PP of (NP success)))))) (NP-SBJ-1 it) (VP needs (NP (NP help) (PP from (NP the Fed))))) .)) (TOP (S (NP-SBJ The central bank) (VP has (VP been (VP helping , (PRN but (ADVP apparently) (ADVP-MNR not especially eagerly))))) .)) (TOP (S (S (NP-SBJ The Fed) (VP has (VP been (VP intervening (PP-LOC in (NP foreign currency markets)) , (ADVP all right) ,)))) but (S (PP-TMP through (NP August)) , (ADVP at least) , (NP-SBJ-1 it) (VP appeared (S (NP-SBJ *-1) (VP to (VP be (VP `` sterilizing '' (NP the intervention))))))) .)) (TOP (S (PP In (NP other words)) , (NP-SBJ-1 it) (VP was (VP offsetting (NP (NP purchases) (PP of (NP marks and yen))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP buying (NP dollars) (PP-LOC in (NP the domestic money market))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ sterilized intervention) (VP may (VP have (NP some effect))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ traders) (VP see (SBAR 0 (S (NP-SBJ the Fed) (VP is (PP-LOC-PRD in (NP the exchange market))))) (ADVP-TMP *T*-1)))) (NP-SBJ it) (VP may (VP make (S (NP-SBJ them) (VP tread (ADVP-MNR (NP a little) carefully) , (PP for (NP (NP fear) (PP of (SBAR-NOM (WHNP-2 what) (S (NP-SBJ the central bank) (VP may (VP do (NP *T*-2)))))))))))) .)) (TOP (S But (NP-SBJ it) (VP 's (ADVP generally) (VP accepted (SBAR that (S (NP-SBJ sterilized intervention) (VP has (NP (NP little or no lasting impact) (PP on (NP currency values)))))))) .)) (TOP (S (S (PP-TMP After (NP August)) (NP-SBJ-1 the Fed) (VP may (VP have (VP stopped (S (NP-SBJ *-1) (VP sterilizing)))))) , but (S (NP-SBJ (NP it) (S *EXP*-3)) (VP 's (ADJP-PRD hard) (S-3 (NP-SBJ *) (VP to (VP see (NP (NP much impact) (PP on (NP the dollar)))))))) .)) (TOP (S (NP-SBJ The dollar) (VP is (ADVP still) (ADJP-PRD highly volatile)) .)) (TOP (S (S (NP-SBJ The Fed) (VP has (VP let (S (NP-SBJ interest rates) (VP slip (ADVP slightly)))))) , but (S (SBAR-TPC-1 whether (S (NP-SBJ the main reason) (VP was (NP-PRD (NP dollar intervention) , (NP (NP the gloomy reports) (PP on (NP manufacturing employment))) , or (NP the (NAC-TMP Friday 13) market drop))))) , (NP-SBJ only (NP Mr. Greenspan) and (NP his associates)) (VP know (SBAR *T*-1))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ (NP Martin Feldstein) , (NP (NP president) (PP of (NP (NP the National Bureau) (PP of (NP Economic Research))))) ,) (VP argued (ADVP-MNR forcefully) (SBAR that (S (NP-SBJ (NP a government) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP wants (NP steady , stable exchange rates))))) (VP might (VP try (NP some steady stable economic policies)))))) .)) (TOP (S-2 (S-NOM-SBJ (NP-SBJ-1 *) (VP Trying (S (NP-SBJ *-1) (VP to (VP manage (NP exchange rates) (PP-CLR to (NP some desired level))))))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) `` (VP would (VP mean (S (NP-SBJ *) (VP (VP diverting (NP (ADJP monetary and fiscal) policies) (PP-CLR from (NP their customary roles))) and (ADVP thereby) (VP risking (NP (NP excessive inflation and unemployment) and (NP inadequate capital formation))))))) . '')) (TOP (S (SBAR-ADV (X The more) (S (NP-SBJ we) (VP think (PP about (NP it))))) , (X-ADV the more) (NP-SBJ we) (VP suspect (SBAR 0 (S (NP-SBJ Mr. Brady) (VP does (ADVP indeed) (VP have (NP enough power) (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ he) (ADVP already) (VP is (ADVP-LOC-PRD *T*-1))))))))) .)) (TOP (S (NP-SBJ This) (VP has (VP been (NP-PRD (NP a week) (PP of (NP (NP (NP stunning events) (PP-LOC behind (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 *T*-1) (VP was (ADVP-TMP once) (VP called (S (NP-SBJ *-2) (NP-PRD the Iron Curtain)))))))) and (NP (NP interesting shifts) (PP in (NP (NP official American policy) (PP toward (NP Moscow)))))))))) .)) (TOP (S (NP-SBJ It) (VP has (ADVP also) (VP been (NP-PRD (NP a week) (SBAR (WHADVP-1 when) (S (NP-SBJ-2 inside-the-beltway Washington) (VP has (VP had (NP a high old time) (S-CLR (NP-SBJ *-2) (VP gnawing (PP-CLR over (NP (NP (NP ex-President Reagan 's) multimillion-dollar junket) (PP-LOC in (NP Japan)))))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (S (NP-SBJ-1 The latter) (VP may (VP seem (S (NP-SBJ *-1) (ADJP-PRD (ADJP oddly irrelevant) , if (ADJP not downright trivial) ,)) (PP given (NP the big picture))))) and (S (NP-SBJ (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ we) (VP have (VP handled (NP it) (PP-LOC in (NP (NP the nation 's) capital)) (ADVP-MNR *T*-2)))))) (VP has (VP done (NP nothing) (S-PRP (NP-SBJ *) (VP to (VP dispel (NP that impression))))))) .)) (TOP (S (PP In (NP fact)) , (ADVP however) , (NP-SBJ (NP (NP Mr. Reagan 's) casual debasement) (PP of (NP (NP the office) (SBAR (WHNP-1 0) (S (NP-SBJ he) (ADVP-TMP so recently) (VP held (NP *T*-1))))))) (VP raises (NP (NP issues) (SBAR (WHPP-2 about (WHNP which)) (S (NP-SBJ Americans) (VP can (ADVP actually) (VP do (NP (NP something) (PP *T*-2)))))))) .)) (TOP (S (NP-SBJ Our ability (S (NP-SBJ *) (VP to (VP influence (NP (NP the outcome) (PP of (NP (NP events) (PP-LOC in (NP (NP Eastern Europe) and (NP the Soviet Union)))))))))) (VP is (ADJP-PRD (ADVP far more) marginal)) .)) (TOP (S (NP-SBJ-2 Those events) (VP continue (S (NP-SBJ *-2) (VP to (VP move (PP-MNR (PP at (NP (NP a rate) (SBAR *RNR*-3))) , and (PP in (NP (NP a direction) (SBAR *RNR*-3))) , (SBAR-3 (WHNP-1 which) (S (NP-SBJ *T*-1) (VP leave (NP (NP informed commentary) (PRN -- (ADVP let alone) (NP policy) --)) (PP-LOC-CLR far in (NP their wake)))))))))) .)) (TOP (S (NP-TMP Earlier this week) , (NP-SBJ Soviet Foreign Minister Eduard A. Shevardnadze) (VP confessed (SBAR that (S (NP-SBJ-1 the U.S.S.R.) (VP (VP ignored (NP universal human values) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP invading (NP Afghanistan))))) and (PRN , (S-ADV (NP-SBJ *) (VP to (VP put (NP it) (ADVP-MNR bluntly)))) ,) (VP `` engaged (PP-CLR in (NP (NP a violation) (PP of (NP the ABM Treaty)))) '' (PP-MNR by (S-NOM (NP-SBJ *-1) (VP building (NP (NP its radar station) (PP-LOC at (NP Krasnoyarsk))))))))))) .)) (TOP (S (S (NP-SBJ Hungary) (VP is (ADVP-TMP no longer) (NP-PRD a `` Socialist Peoples '' republic))) , (S (NP-SBJ the Communist Party) (ADVP-TMP no longer) (VP has (NP (NP automatic delegates) (PP-LOC in (NP (NP (NP the U.S.S.R. 's) Congress) (PP of (NP Peoples Deputies))))))) and (S (NP-SBJ-1 Egon Krenz) (VP was not (VP backed (NP *-1) (ADVP-MNR unanimously) (PP by (NP-LGS his fellow party functionaries)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ he) (VP took (PRT over) (PP-CLR as (NP (NP East Germany 's) new maximum leader)) (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ (NP All) (PP of (NP that))) (VP is (PP-PRD just for (NP starters)) , (PRN or (S (ADVP-TPC-2 so) (NP-SBJ-1 (NP the hundreds) (PP of (NP (NP thousands) (PP of (NP Eastern Europeans)))) (PP-LOC in (NP the streets))) (VP (VP seem (S (NP-SBJ *-1) (VP to (VP hope (ADVP-PRD *T*-2))))) and (VP are (ADVP certainly) (VP demanding (ADVP-PRD *T*-2))))))) .)) (TOP (S (PP Of (NP (ADJP (ADJP like) (PRN , though (ADJP lesser) ,)) note)) , (NP-SBJ (NAC Secretary (PP of (NP State))) James Baker) (VP put (NP the administration) (PP-PUT (NP-ADV four-square) (PP behind (NP perestroika and glasnost)) (PRN , and (ADVP therefore) (PP behind (NP Mikhail Gorbachev)) ,)) (PP-LOC in (NP (NP a pair) (PP of (NP (ADJP carefully reasoned) speeches)) (PP-TMP over (NP the past week (QP or so)))))) .)) (TOP (S And , (ADVP last but not least) , (NP-SBJ President George Bush) (ADVP-TMP now) (VP (VP views (NP (NP the changes) (PP-LOC in (NP Eastern Europe))) (PP-CLR as `` (ADJP absolutely extraordinary) '')) and (VP believes (SBAR that (S (NP-SBJ Mr. Krenz) `` (VP ca n't (VP turn (NP the clock) (PRT back) '' (PP-LOC in (NP East Germany)) (SBAR-PRP because (S (NP-SBJ the change) (VP is (ADJP-PRD too inexorable))))))))) , '' (SBAR-ADV as (S (NP-SBJ he) (VP told (NP (NP the New York Times 's) R.W. Apple Jr))))) .)) (TOP (S -LRB- (PP In (NP other words)) , (PP-TMP after (NP (NP some (ADJP highly visible) dithering) and (NP (NP public airing) (PP of (NP differences))))) , (NP-SBJ the administration) (VP has (VP come (PRT down) (PP-LOC-CLR on (NP (NP the side) (PP of (NP (NP those) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP believe (SBAR that (S (SBAR-NOM-SBJ (WHNP-3 what) (S (NP-SBJ we) (VP are (VP witnessing (NP *T*-3) (PP-LOC (PP from (NP Berlin)) (PP to (NP Siberia))))))) (VP is (NP-PRD (NP (NP a good thing) (SBAR (WHNP-4 0) (S (NP-SBJ-1 *T*-4) (VP to (VP be (VP welcomed (NP *-1))))))) , (CONJP rather than) (NP (NP a new thing) (SBAR (WHNP-5 0) (S (NP-SBJ-6 *T*-5) (VP to (VP be (VP (VP feared (NP *-6)) or (VP viewed (NP *-6) (PP-MNR with (NP suspicion)))))))))))))))))))))) . -RRB-)) (TOP (S (NP-SBJ (NP All) (PP of (NP this))) (VP is (SBAR-NOM-PRD (WHNP-2 what) (S (NP-SBJ history) (VP will (VP note (NP *T*-2))))) , (S-ADV (NP-SBJ *) (VP assuming (SBAR that (S (NP-SBJ events) (VP do n't (VP make (S (NP-SBJ-3 it) (VP seem (S (NP-SBJ *-3) (NP-PRD a bad joke)))) , (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-1 (NP the record) (PP of (NP this time))) (VP is (VP put (NP *-1) (ADVP-PUT down) (ADVP-TMP *T*-4)))))))))))) .)) (TOP (S (PP For (NP (NP journalists) (PRN , (ADVP however) ,) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP write (SBAR-NOM (WHNP-2 what) (S (NP-SBJ they) (ADVP-MNR fondly) (VP view (NP *T*-2) (PP-CLR as (NP (NP history 's) first draft)))))))))) , (NP-SBJ this) (VP has (ADVP also) (VP been (NP-PRD (NP a week) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP give (NP (NP a lot) (PP of (NP space and time))) (PP-DTV to (NP (NP (NP Ron and Nancy 's) sales appearance) (PP-LOC in (NP Japan)) (PP on (NP (NP behalf) (PP of (NP (NP a communications giant) and (NP its controversial founder))))))) (ADVP-TMP *T*-3)))))))) .)) (TOP (S (NP-SBJ (NP It) (NP *ICH*-1)) (VP has (VP been (NP-PRD a well-paid transaction) , (NP-1 (NP this bartering away) (PP of (NP (NP the prestige) (PP of (NP (NP the republic 's) highest office))))))) .)) (TOP (S (S (NP-SBJ The Japanese industrialist) (VP has (VP coughed (PRT up) (NP (QP at least $ 2 million) *U*)))) , (S (S (NP-SBJ the Japanese government) (VP has (VP put (PRT up) (NP (QP just about as) much)))) , or (S (ADVP-TPC-2 so) (NP-SBJ it) (VP is (VP reported (ADVP-PRD *T*-2))))) and (S (NP-SBJ (QP at least one) estimate) (VP puts (NP the total tab) (PP-PUT at (NP (QP $ 7 million) *U*)))) .)) (TOP (S (NP-SBJ (NP All) (PP of (NP which))) (VP has (VP enabled (S (NP-SBJ (NP those) (PP of (NP us)) (PP-LOC in (NP Washington)) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP enjoy (S (NP-SBJ *-2) (VP wallowing (PP-CLR in (NP such things)))))))) (VP to (VP go (PP-DIR into (NP high public dudgeon)) , (SBAR-MNR as (S (NP-SBJ (NP Mr. Apple) and (NP I)) (VP did (VP *?* (NP-TMP the other night) (PP-LOC on (NP (NP ABC 's) `` Nightline))))))))))) . '')) (TOP (S (S (S-ADV (NP-SBJ *-2) (VP Punching (ADVP-CLR away))) , (NP-SBJ-2 we) (VP (VP raised (SBAR-NOM (WHNP-1 what) (S (NP-SBJ I) (ADVP still) (VP think (SBAR 0 (S (NP-SBJ *T*-1) (VP were (NP-PRD all the right issues)))))))) and (VP landed (NP (QP more than one) hard blow)))) , but (S (PP-TMP at (NP (NP the end) (PP of (NP the affair)))) , (NP-SBJ there) (VP was (NP-PRD just the tiniest nagging worry (SBAR that (S (NP-SBJ we) (VP had (VP been (VP aiming (PP-CLR at (NP the wrong target)))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ (NP one) (PP of (NP his defenders))) (VP (ADVP-MNR so aptly) put (NP it)))) , (NP-SBJ President Reagan) (VP was (ADVP simply) (VP doing (SBAR-NOM (WHNP-1 what) (S (S (NP-SBJ he) (VP had (ADVP-TMP always) (VP done (NP *T*-1) (PP-TMP before (NP his election))))) (PRN -LRB- and (S (NP-SBJ some) (VP would (VP say (FRAG (ADVP-TMP thereafter) (ADVP as well))))) -RRB-))))) .)) (TOP (S (S (NP-SBJ He) (VP was (VP performing (PP for (NP pay))))) , and (SBARQ (WHADVP-1 why) (SQ should (NP-SBJ anyone) (VP expect (NP (NP anything) (ADJP more)) (ADVP-PRP *T*-1)))) ?)) (TOP (FRAG (ADVP Primarily) (SBAR-PRP because (S (NP-SBJ there) (VP 's (NP-PRD (NP more) (PP to (NP the matter)) (PP than (NP (NP Ronald Reagan 's) (NX (NX personal values) , or (NX (NX lack) (PP of (NP them)))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Selling (NP the presidency) (PP-CLR for (NP (NP a mess) (PP of (NP pottage)))))) (VP is (ADVP (ADVP not so much) (SBAR *ICH*-1)) (NP-PRD (NP a devaluation) (PP from (NP (NP the norm) (PP of (NP public life)) (NP-TMP today)))) (SBAR-1 as (S (NP-SBJ it) (VP is (NP-PRD (NP a reflection) (PP of (NP (NP the disintegration) (PP of (NP public standards))))))))) .)) (TOP (S (S (NP-SBJ (NP The theme song) (PP for (NP the 1980s))) (VP has (VP been , `` (S-TTL-PRD (NP-SBJ Anything) (VP Goes))))) , '' and (S (NP-SBJ-1 it) (VP has (VP been (VP whistled (NP *-1) (PP-MNR with (NP gusto)) (PP-LOC (PP from (NP Wall Street)) (PP to (NP (NP some) (PP of (NP (NP the highest peaks) (PP of (NP televangelism))))))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP those) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP say (SBAR (SBAR that (S (NP-SBJ this) (VP is (NP-PRD nothing new)))) , (SBAR that (S (NP-SBJ America) (VP has (ADVP-TMP always) (VP suffered (PP-CLR from (NP (NP a bad case) (PP of (NP schizophrenia)))) (SBAR-TMP (WHADVP-6 when) (S (NP-SBJ it) (VP comes (PP-CLR to (NP (NP the dichotomy) (PP between (SBAR-NOM (SBAR (WHNP-4 what) (S (NP-SBJ-1 *T*-4) (VP is (VP professed (NP *-1))))) and (SBAR (WHNP-5 what) (S (NP-SBJ-2 *T*-5) (VP is (VP practiced (NP *-2))))))))) (ADVP-TMP *T*-6)))))))))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP evidence) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP support (NP that view))))))) .)) (TOP (S (ADVP-TMP (NP Eighty-three years) ago) , (NP-SBJ William James) (VP wrote (PP-DTV to (NP H.G. Wells)) : `` (S (NP-TPC (NP The moral flabbiness) (VP born (NP *) (PP-CLR of (NP (NP the exclusive worship) (PP of (NP the bitch goddess success)))))) ... (NP-SBJ that) , (PP with (NP (NP the squalid cash interpretation) (VP put (NP *) (PP-PUT on (NP the word success))))) , (VP is (NP-PRD our national disease)))) . '')) (TOP (S But (SBAR-ADV if (S (NP-SBJ it) (VP was (NP-PRD the national disease) (PP-TMP in (NP 1906))))) , (NP-SBJ it) (VP is (NP-TMP today) (NP-PRD the national commonplace)) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ there) (VP is (NP-PRD (NP no law) (PP against (NP it)))))) , (NP-SBJ *) (VP do (NP it)) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the law) (VP leaves (NP loopholes)))) , (NP-SBJ *) (VP use (NP them)) .)) (TOP (FRAG (SBAR-ADV If (S (NP-SBJ there) (VP is (NP-PRD (NP no moral prohibition) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP expressly) (VP forbids (NP it)))))))) , (ADVP-DIR (NP full speed) ahead) .)) (TOP (S And (SBAR-ADV (SBAR if (S (NP-SBJ-1 you) (VP are (VP caught (NP *-1))))) or (SBAR if (S (NP-SBJ people) (VP complain)))) , (NP-SBJ *) (ADVP-MNR simply) (VP (VP argue (SBAR that (S `` (S (NP-SBJ everyone) (VP does (NP it))) '' or `` (S (NP-SBJ no one) (VP said (SBAR 0 (S (NP-SBJ I) (VP should n't (VP *?*)))))) ''))) and (VP brazen (NP it) (PRT out))) .)) (TOP (S (PP As (NP a last recourse)) , (SBAR-TMP (WHADVP-3 when) (S (S (NP-SBJ all else) (VP has (VP failed (ADVP-TMP *T*-3)))) and (S (NP-SBJ-1 you) (VP are (VP pinned (NP *-1) (ADVP-TMP *T*-3)))))) , (NP-SBJ-6 *) (VP (VP apologize (PP-CLR for (S-NOM (NP-SBJ *-6) (VP having (VP disappointed (NP (NP those) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP trusted (NP you)))))))))) but (VP deny (S (NP-SBJ *-6) (VP having (ADVP actually) (VP done (NP (NP anything) (ADJP wrong))))))) .)) (TOP (S -LRB- (NP-SBJ *) (VP See , (PP for (NP instance)) , (NP (NP (NP Jim Bakker 's) remarks) (PP upon (S-NOM (NP-SBJ-1 *) (VP being (VP sentenced (NP-2 *-1) (PP-CLR to (NP prison)) (NP-TMP this Tuesday) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP defrauding (NP the faithful)))))))))) . -RRB-)) (TOP (S (NP-SBJ *) (VP Consider (NP (NP the troubling dissonance) (PP between (NP (NP (NP (NP Mr. Shevardnadze 's) speech) (PP of (NP confession)) (NP-TMP this week)) and (NP (NP the hang-tough defense) (PP of (NP (NP everyone) (VP concerned (NP *) (PP-CLR with (NP the Iran-Contra affair)))))))))) .)) (TOP (S (NP-SBJ The Soviet foreign minister) (VP (ADVP-MNR publicly) concedes (SBAR that (S (NP-SBJ his government) (VP (VP `` violated (NP (NP norms) (PP of (NP behavior))) '' (PP-LOC in (NP Afghanistan))) and (VP (ADVP just plain) lied (PP-CLR about (NP the radar station))))))) .)) (TOP (S (S (NP-SBJ We) (VP have (NP (NP people) (PP-LOC in (NP high place)) (VP (ADVP still) lying (PP-CLR through (NP their teeth)) (PP-CLR about (NP Iran-Contra)))))) , and (S (NP-SBJ-1 that) (ADVP apparently) (VP is n't (VP going (S (NP-SBJ *-1) (VP to (VP change)))))) .)) (TOP (S (PP For (NP that matter)) , (NP-SBJ-1 (NP those) (VP (ADVP-TMP long ago) identified (NP *) (PP-CLR as (NP liars)))) (VP are (ADVP still) (VP given (NP *-1) (NP respectful hearings) (PP-LOC in (NP the press)))) .)) (TOP (S (NP-SBJ That) (VP is (NP-PRD (NP the key) (PP to (NP the current `` national disease)))) . '')) (TOP (S (NP-SBJ-1 No one) (VP seems (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP hold (NP (NP anyone) (PP-LOC in (NP public life))) (PP-CLR to (NP (NP a standard) (ADJP (ADJP higher) (PP than (NP (NP the narrowest construction) (PP of (NP the law)))))))))))) .)) (TOP (S (NP-ADV (NP The occasional media witch hunt) (PP about (NP (NP some politician 's) private peccadilloes)) (ADVP notwithstanding)) , (NP-SBJ the general inclination) (VP is (S-PRD (NP-SBJ *) (VP to (VP offer (NP (NP a version) (PP of (NP (NP the old refrain) , `` (SBARQ-TTL (WHNP-1 Who) (SQ am (NP-SBJ-2 I) (NP-PRD *T*-1) (S-ADV (NP-SBJ *-2) (VP to (VP judge)))))))))))) ? '')) (TOP (FRAG (ADVP Thus) , (NP (NP no standards) , (NP no judgment) and (NP no values)) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ You) (VP are (ADJP-PRD mad) (SBAR-PRP because (S (NP-SBJ he) (VP 's (VP making (NP (ADJP so much) money))))))) , '' (VP say (S *T*-2)) (NP-SBJ (NP President Reagan 's) defenders) .)) (TOP (S (INTJ No) , (NP-SBJ-2 we) (VP ought (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD mad) (SBAR-PRP because (S (NP-SBJ-3 he) (VP has (VP demeaned (NP (NP the office) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP gave (NP him) (NP *T*-1))))) , (S-ADV (NP-SBJ *-3) (VP enlisting (NP it) (PP-CLR in (NP (NP the service) (PP of (NP private gain))))))))))))) , (SBAR-ADV just as (S (NP-SBJ-4 we) (VP ought (S (NP-SBJ *-4) (VP to (VP be (ADJP-PRD mad (SBAR that (S (NP-SBJ public officials) (VP (VP lie (PP-CLR through (NP their teeth))) , (VP play (NP (NP disingenuous games) (PP about (NP their activities)))) or (PRN , (S-ADV (NP-SBJ *) (VP to (VP steal (NP a phrase)))) ,) (VP make (S (NP-SBJ public service) (NP-PRD a private trough)))))))))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ-2 I) (VP 'm not (VP going (S (NP-SBJ-1 *-2) (VP to (VP be (VP stampeded (NP-4 *-1) (PP-CLR into (S-NOM (NP-SBJ *-4) (VP overreacting (PP-CLR to (NP (NP any) (PP of (NP this)))))))))))))) , (NP-SBJ President Bush) (VP told (NP Mr. Apple) (S *T*-3) (PP-LOC in (NP (NP this week 's) interview))) .)) (TOP (S (S (NP-SBJ He) (VP was (VP referring (PP-CLR to (NP (NP the `` (ADJP absolutely extraordinary) '' events) (PP-LOC in (NP Eastern Europe))))))) , and (S (NP-SBJ it) (VP is (NP-PRD a defensible position))) .)) (TOP (S But (NP-SBJ there) (VP is (NP-PRD (NP no defense) (ADVP at all) (PP for (NP (NP the ethos) (PP of (NP the 1980s)))))) .)) (TOP (S (S (NP-SBJ We) (VP did n't (VP stampede (PP-DIR into (NP it))))) , (S (NP-SBJ we) (VP slithered and slipped (PP-DIR down (NP the long slope)))) , and (S (ADVP-TMP now) (NP-SBJ we) (VP have (PP-CLR as (NP its quintessential symbol)) (NP (NP a former president) (VP huckstering (PP for (NP a foreign poohbah)))))) .)) (TOP (S Or (ADVP perhaps) (NP-SBJ that) (VP is (NP-PRD (NP (NP a fitting symbol) (PP for (NP (NP the United States) (PP of (NP 1989))))) : (NP (NP (NP Everything) (PP for (NP sale))) ; (NP (NP nothing) (PP of (NP real value)))))) .)) (TOP (S (NP-SBJ Mr. Carter) (VP is (NP-PRD (NP a political commentator) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP heads (NP a television production firm)))))) .)) (TOP (S (NP-SBJ Cineplex Odeon Corp. directors) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (NP the company 's) chairman and chief executive) , (NP Garth Drabinsky) ,) (VP is (VP considering (S (NP-SBJ-2 *-1) (VP bidding (NP (NP (QP 780.6 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 666 million) *U*) -RRB-)) (S-PRP (NP-SBJ *-2) (VP to (VP acquire (NP the company))))))))))) .)) (TOP (S (NP-SBJ The board) (VP said (SBAR 0 (S (NP-SBJ-1 (NP Mr. Drabinsky) and (NP Vice Chairman Myron Gottlieb)) (VP are (VP negotiating (NP financing) (PP-TMP before (S-NOM (NP-SBJ-2 *-1) (VP offering (NP (NP C$ 16.40 *U*) (NP-ADV a share)) (S-PRP (NP-SBJ *-2) (VP to (VP acquire (NP (NP all) (PP of (NP (NP (NP Cineplex 's) shares) (ADJP outstanding))))))))))))))) .)) (TOP (S (NP-SBJ The directors) (VP added (SBAR (SBAR that (S (NP-SBJ the two executives) (VP have n't (VP reached (NP a final decision (S (NP-SBJ *) (VP to (VP proceed (PP-CLR with (NP a bid)))))))))) and (SBAR that (S (SBAR-TMP until (S (NP-SBJ-1 an offer) (VP is (VP made (NP *-1))))) (NP-SBJ-2 the board) (VP will (VP continue (S (NP-SBJ *-2) (VP seeking (NP higher offers) (PP-CLR from (NP other bidders)))))))))) .)) (TOP (S (NP-SBJ The directors) (VP said (SBAR 0 (S (SBAR-ADV if (S (NP-SBJ Messrs. Drabinsky and Gottlieb) (VP mail (NP an offer) (PP-DTV to (NP shareholders)) (PP-TMP by (NP Nov. 22))))) , (NP-SBJ it) (VP will (VP reimburse (NP them) (NP (NP a maximum) (PP of (NP (QP C$ 8.5 million) *U*))) (PP for (NP (NP expenses) (VP related (NP *) (PP-CLR to (NP a bid)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP consider (SBAR that (S (NP-SBJ his bid) (VP is (NP-PRD an acceptable bid)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Sandra Kolber) , (NP (NP spokeswoman) (PP for (NP (NP the independent directors ') committee)) (VP appointed (NP *) (NP-TMP last May) (S-PRP (NP-SBJ *) (VP to (VP solicit and review (NP bids) (PP for (NP the company)) (PP-LOC in (NP (NP the wake) (PP of (NP (NP a dispute) (PP between (NP (NP Mr. Drabinsky) and (NP (NP (NP Cineplex 's) major shareholder) , (NP MCA Inc)))))))))))))) .)) (TOP (S (NP-SBJ-2 (NP MCA) and (NP (NP (NP Cineplex 's) other major shareholder) , (NP (NP Montreal-based financier Charles Bronfman) and (NP his associates)) ,)) (VP have (VP agreed (S (NP-SBJ *-2) (VP to (VP tender (NP their holdings) (PP-CLR to (NP (NP an offer) (PP by (NP Mr. Drabinsky)))) (SBAR-ADV unless (S (NP-SBJ-1 a higher offer) (VP is (VP made (NP *-1) (PP by (NP-LGS another bidder))))))))))) .)) (TOP (S (NP-SBJ MCA) (VP holds (NP (NP (NP half) (PP of (NP (NP Cineplex 's) equity))) and (NP (NP 33 %) (PP of (NP its voting rights)))) (PP-MNR through (NP restricted voting shares)) , (SBAR-ADV while (S (NP-SBJ Bronfman interests) (VP hold (NP (NP (QP about 24) %) (PP of (NP (NP the company 's) equity))))))) .)) (TOP (S (NP-SBJ Ms. Kolber) (VP said (SBAR 0 (S (NP-SBJ the committee) (VP had (VP received (NP other bids)))))) .)) (TOP (S (NP-SBJ-1 She) (VP (VP declined (S (NP-SBJ *-1) (VP to (VP identify (NP other bidders))))) but (VP said (SBAR 0 (S (S (NP-SBJ (NP Mr. Drabinsky 's) offer) `` (VP is (NP-PRD all cash))) , and (S (NP-SBJ it) (VP 's (PP-PRD for (NP (NP all) (PP of (NP the company)))))))))) . '')) (TOP (S (NP-SBJ Several Cineplex analysts) (VP have (VP speculated (SBAR that (S (NP-SBJ (NP outside bids) (VP received (NP *) (PP by (NP-LGS the committee)))) (VP were (UCP-PRD either (ADJP disappointingly low) or (PP for (NP (NP only part) (PP of (NP the company)))))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ (NP All) (SBAR (WHNP-2 0) (S (NP-SBJ this) (VP has (ADVP really) (VP established (NP *T*-2)))))) (VP is (SBAR-PRD that (S (NP-SBJ (NP MCA) and (NP the Bronfmans)) (VP have (VP agreed (PP-CLR on (NP (NP a price) (SBAR (WHPP-3 at (WHNP which)) (S (NP-SBJ-1 they) (VP can (VP be (VP bought (NP *-1) (PRT out) (PP *T*-3)))))))))))))) , '' (VP said (S *T*-4)) (NP-SBJ (NP Jeffery Logsdon) , (NP (NP an analyst) (PP with (NP (NP Crowell , Weedon) (PP-LOC in (NP Los Angeles)))))) .)) (TOP (S `` (S (SBAR-ADV If (S (NP-SBJ a bid) (VP materializes (PP at (NP that price))))) , (NP-SBJ shareholders) (VP will (VP have (NP (NP every reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP be (ADJP-PRD glad) (ADVP-PRP *T*-1))))))))) , but (S (NP-SBJ (NP the question) (PP of (NP financing))) (ADVP still) (VP remains)) . '')) (TOP (S (NP-TMP Last April) , (NP-SBJ-1 (NP Mr. Drabinsky) and (NP (NP a group) (PP of (NP financial backers)))) (VP planned (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP (QP up to 30.2) %) (PP of (NP Cineplex))) (PP-CLR for (NP (NP C$ 17.50 *U*) (NP-ADV a share))) (PP-CLR from (NP Bronfman associates)))))) .)) (TOP (S (NP-SBJ (NP Mr. Drabinsky) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP would (VP have (VP had (NP the right (S (NP-SBJ *) (VP to (VP vote (NP those shares) (PP-TMP for (NP two years))))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the purchase) , (VP (ADVP subsequently) rejected (NP *) (PP by (NP-LGS regulators))) ,) (VP was (VP aimed (NP *-1) (PP-CLR at (S-NOM (NP-SBJ *) (VP consolidating (NP (NP his control) (PP of (NP the company))))))))))) .)) (TOP (S (NP-SBJ MCA) (ADVP-MNR strongly) (VP opposed (NP (NP the Drabinsky group 's) move)) .)) (TOP (S (NP-SBJ The directors) (VP (VP did n't (VP indicate (NP (NP the source) (PP of (NP (NP financing) (PP for (NP (NP Mr. Drabinsky 's) new proposal))))))) , but (VP said (SBAR 0 (S (NP-SBJ-2 (NP MCA) and (NP the Bronfman associates)) (VP agreed (PP-MNR in (NP principle)) (S (NP-SBJ *-2) (VP to (VP (VP buy (PP-CLR for (NP (QP $ 57 million) *U*)) (NP *RNR*-1)) and (VP (ADVP-TMP then) lease (ADVP back) (PP-DTV to (NP Cineplex)) (NP *RNR*-1)) (NP-1 (NP its 18-screen theater complex) (PP-LOC in (NP (NP Universal City) , (NP Calif.) ,))) (SBAR-ADV if (S (NP-SBJ Mr. Drabinsky) (VP succeeds (PP-LOC in (NP an offer))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 This) (VP is (VP being (VP done (NP *-1) (UCP-PRP (PP at (NP (NP the suggestion) (PP of -LCB- (NP Mr. Drabinsky) -RCB-))) and (S (NP-SBJ *) (VP to (VP accommodate (NP him))))) , (S-PRP (NP-SBJ *) (VP to (VP facilitate (NP his financing arrangements)))))))) , '' (NP-SBJ Ms. Kolber) (VP said (S *T*-2)) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the directors) (VP said (SBAR 0 (S (SBAR-ADV if (S (NP-SBJ (NP a bid) (PP by (NP-LGS Mr. Drabinsky))) (VP is (ADJP-PRD successful)))) , (NP-SBJ Cineplex) (VP expects (S (NP-SBJ Rank Organisation PLC) (VP to (VP (VP acquire (NP (NP the 51 %) (PP of (NP (NP Cineplex 's) Film House unit)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP does n't (VP own (NP *T*-1))))))) , and (VP provide (NP Mr. Drabinsky) (PP-CLR with (NP additional loan financing)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Michael Gifford) , (NP (NP Rank 's) chief executive) ,) (VP (VP said (SBAR 0 (S (NP-SBJ (NP the British theater chain 's) total involvement) `` (VP would n't (VP exceed (NP (QP $ 100 million) *U*))) ''))) but (VP declined (S (NP-SBJ *-1) (VP to (VP give (NP (NP a breakdown) (PP between (NP (NP the loan financing) and (NP the proposed Film House purchase))))))))) .)) (TOP (S (NP-SBJ Cineplex shareholders) (VP responded (ADVP-MNR coolly) (PP-CLR to (NP (NP yesterday 's) announcement))) .)) (TOP (S (PP-LOC In (NP (NP trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ Cineplex) (VP closed (PP-CLR at (NP $ 11 *U*)) , (ADVP down (NP 25 cents)) , (PP with (S-NOM (NP-SBJ (QP more than a million) shares) (VP changing (NP hands))))) .)) (TOP (S (PP-LOC On (NP the Toronto Stock Exchange)) , (NP-SBJ Cineplex) (VP closed (PP-CLR at (NP C$ 12.875 *U*)) , (ADVP off (NP 37.5 Canadian cents)) , (PP well below (NP the (ADJP C$ 16.40 *U*) level))) .)) (TOP (SINV `` (SBARQ-TPC-2 (WHADVP-1 Where) (SQ 's (NP-SBJ the bid) (ADVP-LOC-PRD *T*-1))) ? '' (VP asked (SBARQ *T*-2)) (NP-SBJ (NP Pierre Panet-Raymond) , (NP (NP an analyst and broker) (PP with (NP Toronto securities dealer McDermid St. Lawrence Ltd)))) .)) (TOP (S (NP-SBJ Mr. Panet-Raymond) (VP said (SBAR (SBAR 0 (S (NP-SBJ he) (VP does n't (VP think (SBAR 0 (S (NP-SBJ Messrs. Drabinsky and Gottlieb) (VP are (ADJP-PRD `` anywhere close '' (PP to (S-NOM (NP-SBJ *) (VP arranging (NP financing)))))))))))) and (SBAR that (S (NP-SBJ investors) (VP will (VP need (NP a solid offer) (SBAR-TMP before (S (NP-SBJ-1 the stock) (VP begins (S (NP-SBJ *-1) (VP to (VP rise (ADVP again))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Drabinsky) (VP could n't (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-SBJ Two (ADJP West German) chemical companies) (VP announced (NP (NP steps) (SBAR (WHNP-1 that) (S (ADVP apparently) (NP-SBJ-2 *T*-1) (VP are (VP designed (S (NP-SBJ *-2) (VP to (VP boost (NP (NP (NP the chemical industry 's) standing) (PP among (NP (NP environmental groups) and (NP the general public))))))))))))) .)) (TOP (S (NP-SBJ (NP Hoechst AG 's) Chairman Wolfgang Hilger) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP wants (S (NP-SBJ *-1) (VP to (VP have (NP (NP a substitute product) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP (ADVP completely) replace (NP ozone-damaging chlorofluorocarbons) (PP-TMP by (NP 1995)))))))))))))) .)) (TOP (S (PP-TMP In (NP April)) , (NP-SBJ (NP Hoechst) , (NP (NP the largest producer) (PP of (NP CFCs)) (PP-LOC in (NP West Germany))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP wanted (S (NP-SBJ *-1) (VP to (VP reduce (NP (NP production) (PP of (NP the product))) (PP-EXT by (NP 50 %)) (PP-TMP by (NP 1993))))))))) .)) (TOP (S (NP-SBJ Mr. Hilger) (VP said (SBAR 0 (S (NP-SBJ Hoechst) (VP will (VP invest (NP (NP (QP 50 million) marks) (PRN -LRB- (NP (QP $ 27.2 million) *U*) -RRB-)) (PP-CLR in (NP a plant)) (S-PRP (NP-SBJ *) (VP to (VP make (NP (NP a substitute product) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP has (VP developed (NP *T*-2))))) (SBAR (WHNP-3 that) (S (NP-SBJ it) (VP says (SBAR 0 (S (NP-SBJ *T*-3) (VP is (ADJP-PRD unchlorinated)))))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP hopes (SBAR 0 (S (NP-SBJ-2 (NP the new plant) , (ADJP likely (S (NP-SBJ-1 *) (VP to (VP be (VP built (NP *-1) (PP-LOC in (NP Frankfurt))))))) ,) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP produce (NP (NP 10,000 tons) (NP-ADV a year))))))))))) .)) (TOP (S (NP-TMP This year) , (NP-SBJ Hoechst) (VP will (VP produce (NP (NP (QP about 62,000) tons) (PP of (NP CFCs))) (PP-LOC in (NP (NP factories) (PP-LOC in (NP Frankfurt , Spain and Brazil)))))) .)) (TOP (S (PP-TPC-1 Of (NP (NP (NP Hoechst 's) (QP 40.9 billion) marks) (PP in (NP group sales)) (PP-TMP in (NP 1988)))) , (NP-SBJ (NP (QP 200 million) marks) (PP *T*-1)) (VP came (PP-CLR from (NP (NP sales) (PP of (NP CFCs))))) .)) (TOP (S (ADVP Also) , (NP-SBJ (NP BASF AG) , (NP another large chemicals company) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP formed (NP (NP a separate division) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP will (VP study (NP (NP the environmental impact) (PP of (NP plastics))))) and (VP will (VP investigate (NP (NP all possibilities) (PP of (S-NOM (NP-SBJ *) (VP recycling (NP plastics))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP George L. Manzanec) , (ADJP (NP 53 years) old) , (NP (NP senior vice president) (PP of (NP Texas Eastern Corp.))) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP a group vice president) (PP of (NP this natural-gas-pipeline concern)))))) .)) (TOP (S (NP-SBJ (NP Mr. Manzanec) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP succeeds (NP retiring Richard C. Dixon)))) ,) (VP will (VP be (ADJP-PRD responsible (PP for (NP (NP gas supply) , (NP regulatory affairs) , and (NP (NP marketing and transportation and exchange) (PP for (NP (NP Panhandle Eastern Pipe Line Co.) , (NP Trunkline Gas Co.) , (NP Texas Eastern Transmission Corp.) and (NP Algonquin Gas Transmission Co))))))))) .)) (TOP (S (NP-SBJ (NP All) (PP of (NP the companies))) (VP are (NP-PRD (NP units) (PP of (NP (NP Panhandle Eastern Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP acquired (NP Texas Eastern Corp.) (NP-TMP earlier this year)))))))) .)) (TOP (S (NP-SBJ Adolph Coors Co.) (VP said (SBAR 0 (S (NP-SBJ its Coors Brewing Co. unit) (VP will (VP test market (NP (NP a new line) (PP of (NP bottled water))) (PP-LOC in (NP the West)) (PP-TMP beginning (NP early next year))))))) .)) (TOP (S (NP-SBJ (NP The move) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP expected (NP *-1))))) ,) (VP (VP marks (NP (NP the first time) (PP-TMP since (NP Prohibition)) (SBAR (WHADVP-4 that) (S (NP-SBJ Coors) (VP has (VP sold (NP a non-alcoholic beverage) (ADVP-TMP *T*-4))))))) , and (VP marks (NP (NP (NP the company 's) entry) (PP into (NP (NP a (ADJP crowded , but fast-growing) market) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP generated (NP (NP (QP about $ 2.2 billion) *U*) (PP in (NP sales))) (NP-TMP last year))))))))) .)) (TOP (S (NP-SBJ-1 Coors) (VP is (VP hoping (S (NP-SBJ *-1) (VP to (VP become (S (NP-SBJ (NP one) (PP of (NP the first companies))) (VP to (VP distribute (NP bottled water) (ADVP-LOC nationwide))))))))) .)) (TOP (S (NP-SBJ (NP (NP Perrier) , (VP sold (NP *) (PP by (NP-LGS (NP (NP Perrier Group) (PP of (NP America))) , (NP (NP a unit) (PP of (NP (NP Source Perrier S.A.) (PP of (NP Paris)))))))) ,) and (NP (NP Evian) , (VP sold (NP *) (PP by (NP-LGS (NP a U.S. unit) (NP (NP BSN) (PP of (NP France)))))) ,)) (VP (VP are (VP distributed (PP-DIR to (NP urban areas)) (ADVP-LOC nationally))) , but (VP are (ADJP-PRD less available) (PP-LOC in (NP rural communities)))) .)) (TOP (S (NP-SBJ (NP Coors) , (PP with (NP its large beer-distribution network)) ,) (VP could (VP penetrate (NP more markets))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ the water) (VP (VP will (VP be (VP called (S (NP-SBJ *) (NP-PRD Coors Rocky Mountain Sparkling Water))))) and (VP will (VP come (PP-CLR from (NP (NP the same mountain spring) (PP as (NP (NP water) (VP used (NP *) (PP-LOC-CLR in (NP Coors beer))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP will (VP sell (NP-1 the water) (S-ADV (NP-SBJ *-1) (UCP-PRD (ADJP plain) and (PP with (NP lemon-lime and cherry flavors)))))) and (VP will (VP package (NP it) (PP-LOC-CLR in (NP (NP 28-ounce bottles) and (NP (NP 6.5 ounce bottles) (PP as (NP (NP part) (PP of (NP six-packs))))))))))))) .)) (TOP (S (NP-SBJ-1 The test markets) , (SBAR-ADV though (S (NP-SBJ-2 *-1) not (VP specified (NP *-2)))) , (VP will (VP be (PP-LOC-PRD in (NP (NP (NP northern California) , (NP Arizona) and (NP Colorado)) , (NP (NP some) (PP of (NP the hottest bottled-water markets))))))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP (NP America 's) biggest trading partners))) (VP gave (NP a quick thumbs-down) (PP-DTV to (NP a U.S. proposal (S (NP-SBJ *) (VP to (VP (VP liberalize (NP world trade)) and (VP reduce (NP farm-product subsidies)))))))) .)) (TOP (S (PP-LOC In (NP (NP Geneva) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 world trade talks) (VP are (VP being (VP held (NP *-1) (PP-LOC under (NP (NP (NP the General Agreement) (PP on (NP Tariffs and Trade))) , or (NP GATT))) (ADVP-LOC *T*-2)))))))) , (NP-SBJ the European Community) (VP called (S (NP-SBJ the U.S. proposal) `` (NP-PRD (NP a step) (ADVP backward)))) . '')) (TOP (S And (NP-SBJ (NP (NP Japan 's) minister) (PP of (NP agriculture , forestry and fisheries))) (VP told (NP (NP a committee) (PP of (NP (NP Japan 's) parliament))) (SBAR (SBAR that (S (NP-SBJ (NP Washington 's) proposal) (VP was (ADJP-PRD impractical)))) and (SBAR that (S (NP-SBJ-1 Tokyo) (VP would (VP continue (S (NP-SBJ *-1) (VP to (ADVP-MNR heavily) (VP subsidize (NP its rice farmers)))))))))) .)) (TOP (S (NP-SBJ The U.S.) , (PP-LOC in (NP (NP a far-reaching plan) (VP submitted (NP *) (PP-CLR to (NP the Geneva meeting)) (NP-TMP Tuesday)))) , (VP proposed (S (NP-SBJ *) (VP (VP curbing (NP price support subsidies) (PP-TMP within (NP 10 years))) and (VP eliminating (NP export subsidies) (PP-TMP within (NP five years)))))) .)) (TOP (S (NP-SBJ U.S. officials) (VP said (SBAR 0 (S (NP-SBJ-1 the plan) (VP (VP was (ADJP-PRD flexible)) , and (VP was (VP intended (NP *-1) (PP-CLR as (NP (NP a pragmatic approach) (PP for (S-NOM (NP-SBJ *) (VP (ADVP-MNR gradually) removing (NP trade-distorting subsidies)))))))))))) .)) (TOP (S But (NP-SBJ-1 the EC) (VP reacted (ADVP-MNR defiantly) , (S-ADV (NP-SBJ *-1) (VP arguing (SBAR that (S (NP-SBJ (NP the proposal 's) main aim) (VP is (S-PRD (NP-SBJ *) (VP to (VP destroy (NP (NP the Common Agricultural Policy) , (NP (NP the EC 's) (ADJP $ 28 billion-a-year *U*) price support program))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The American proposal) (VP is not (NP-PRD (NP an adequate basis) (PP for (NP negotiation))))) , '' (NP-SBJ the EC) (VP said (S *T*-1) (PP-LOC in (NP a statement))) .)) (TOP (S (NP-SBJ EC officials) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP are (VP irked (NP *-1) (SBAR that (S (NP-SBJ the U.S.) (VP (VP has (VP set (NP a specific timetable))) and (VP is (VP insisting (PP-CLR on (NP (NP (NP the `` elimination '') (PP of (NP export subsides))) , not (NP just reduction))))))))))))) .)) (TOP (S (NP-SBJ EC Agriculture Commissioner Ray MacSharry) (VP said (SBAR 0 (S (NP-SBJ the U.S. plan) (VP `` calls (PP-CLR into (NP question)) '' (NP (NP the agreement) (VP reached (NP *) (PP by (NP-LGS world negotiators)) (NP-TMP last April) (PP-LOC in (NP Geneva))) (VP seeking `` (NP (NP substantial progressive reductions) (PP-LOC in (NP agricultural support and protection))))))))) . '')) (TOP (S (NP-SBJ U.S. Deputy Trade Representative Jules Katz) (VP replied (SBAR that (S (NP-SBJ the proposal) (VP was (ADJP-PRD entirely consistent (PP with (NP the April accord))))))) .)) (TOP (S (NP-SBJ-2 He) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP was (VP surprised (NP *-1) (PP by (NP-LGS (NP the EC 's) reaction)))))) , (S-ADV (NP-SBJ *-2) (VP calling (S (NP-SBJ it) `` (ADJP-PRD (ADJP vehement) , (ADJP even frenetic)))))) . '')) (TOP (S (NP-SBJ-1 The U.S. proposal) (ADVP also) (VP was (VP criticized (NP *-1) (PP by (NP-LGS (NP food-importing developing countries) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP said (SBAR that (S (NP-SBJ the U.S.) (VP made (NP (NP no special allowances) (PP for (NP poor nations))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ many experts) (VP argue (SBAR that (S (NP-SBJ food-importing nations) (VP would (ADVP-TMP eventually) (VP become (ADJP-PRD self-sufficient) (PP-LOC in (NP a free-market system))))))))) , (NP-SBJ-1 the poorest nations) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP need (NP help) (PP-TMP in (NP the meantime))))))) .)) (TOP (S (NP-SBJ Ambassador Katz) (VP said (SBAR 0 (S (NP-SBJ the U.S.) (VP was (ADJP-PRD open (PP to (S-NOM (NP-SBJ *) (VP discussing (NP (NP particular problems) (PP of (NP developing countries))))))))))) .)) (TOP (S (NP-SBJ The U.S. administration) (VP said (SBAR 0 (S (NP-SBJ its plan) (VP would (VP allow (NP (NP considerable flexibility) (PP-LOC in (S-NOM (NP-SBJ *) (VP determining (SBAR (WHADVP-2 how and when) (S (NP-SBJ-1 the free-trade goals) (VP would (VP be (VP achieved (NP *-1) (ADVP-MNR-TMP *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ The U.S.) (VP argues (SBAR that (S (NP-SBJ-3 its plan) (VP would (VP ease (NP (NP the transition) (PP to (NP freer agriculture trade))) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP converting (NP certain non-tariff barriers) (PP-CLR into (NP (NP tariffs) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) , (ADVP together (PP with (NP existing tariffs))) , (ADVP-TMP then) (VP would (VP be (VP phased (NP *-2) (PRT out) (PP-TMP over (NP 10 years))))))))))))))))) .)) (TOP (S But (NP-SBJ the EC) (VP is (VP (ADVP-MNR strongly) opposed (PP-CLR to (S-NOM (NP-SBJ *) (VP converting (NP agricultural supports) (PP-CLR into (NP tariffs))))))) .)) (TOP (S (NP-SBJ The new U.S. package) (ADVP also) (VP says (SBAR 0 (S (NP-SBJ countries) (VP could (ADVP-TMP temporarily) (VP raise (NP (NP tariffs) (PP on (NP certain products))) (SBAR-ADV if (S (NP-SBJ they) (VP experience (NP (NP an (ADJP unusually heavy) volume) (PP of (NP imports))))))))))) .)) (TOP (S (NP-SBJ It) (VP would (VP establish (NP (NP procedures) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP prevent (NP-2 countries) (PP-CLR from (S-NOM (NP-SBJ-3 *-2) (VP using (NP health and sanitation rules) (S-CLR (NP-SBJ *-3) (VP to (VP impede (NP trade) (ADVP-MNR arbitrarily)))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-3 *) (VP Seeking (S (NP-SBJ *-3) (VP to (VP allay (NP European concerns)))))) , (NP-SBJ U.S. Agriculture Secretary Clayton Yeutter) (VP said (PP-LOC in (NP Washington)) (SBAR that (S (NP-SBJ the new U.S. plan) (VP (VP would n't `` (VP put (NP farmers) (PP-PUT out (PP of (NP business)))) '') but (VP would (VP encourage (S (NP-SBJ them) (VP to `` (VP grow (SBAR-NOM (WHNP-1 what) (S (NP-SBJ the markets) (VP desire (NP *T*-1)))) (PP instead of (SBAR-NOM (WHNP-2 what) (S (NP-SBJ the government) (VP wants (NP *T*-2)))))))))))))) . '')) (TOP (S (NP-SBJ (NP The EC) , (PP with (NP (NP a population) (PP of (NP (QP 320 million))))) ,) (VP has (NP (QP 8.5 million) farmers) , (SBAR-ADV while (S (NP-SBJ (NP the U.S.) , (PP with (NP (NP a population) (PP of (NP (QP about 245 million))))) ,) (VP has (NP (QP only two million) farmers))))) .)) (TOP (S (NP-SBJ (NP (NP Japan 's) objections) (PP to (NP the U.S. plan))) (VP center (PP-CLR around (NP its desire (S (NP-SBJ *) (VP to (VP stay (ADJP-PRD self-sufficient (PP in (NP (NP rice) , (NP a staple food) ,))) (SBAR-ADV even though (S (NP-SBJ foreign producers) (VP are (ADJP-PRD (ADVP far more) efficient)))))))))) .)) (TOP (S (NP-SBJ Bell Atlantic Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (ADVP-MNR definitively) (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP one) (PP of (NP (NP Control Data Corp. 's) computer-maintenance businesses)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Terms) (PP of (NP the accord))) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ (NP Control Data 's) third-party maintenance unit) (VP services (NP (NP products) (VP (ADVP primarily) made (NP *) (PP by (NP-LGS (NP Digital Equipment Corp.) and (NP International Business Machines Corp)))))) .)) (TOP (S (NP-SBJ The unit) (VP (VP has (NP 6,000 customers)) and (VP (PRN , (PP according (PP to (NP one analyst))) ,) had (NP (NP 1988 revenue) (PP of (NP (QP about $ 85 million) *U*))))) .)) (TOP (S (PP-LOC Under (NP (NP the agreement) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP had (VP been (VP (ADVP widely) expected (NP *-2)))))) ,)) (NP-SBJ Bell Atlantic) (VP would (VP be (VP buying (NP (NP (NP Control Data 's) customer base) and (NP (NP its (QP approximately 100) U.S. maintenance facilities) (PP-LOC in (NP (QP about 33) cities))))))) .)) (TOP (S (ADVP However) , (NP-SBJ-1 Control Data) (VP would (VP continue (S (NP-SBJ *-1) (VP to (VP provide (NP maintenance services) (PP-BNF for (NP (NP customers) (PP of (NP its Cyber product line))))))))) .)) (TOP (S (NP-SBJ The unit) (VP represents (NP (NP a small portion) (PP of (NP (NP (NP Minneapolis-based Control Data 's) overall computer-servicing business) , (SBAR (WHNP-1 which) (S (NP-TMP last year) (NP-SBJ *T*-1) (VP posted (NP (NP sales) (PP of (NP (QP about $ 400 million) *U*)))))))))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ the company) (VP sold (NP (NP a similar unit) (PP-LOC in (NP Europe))) (PP-CLR for (NP (QP about $ 25 million) *U*))) .)) (TOP (S (NP-SBJ (NP Lawrence Perlman) , (NP (NP Control Data 's) (NX (NX president) and (NX chief operating officer))) ,) (VP said (SBAR 0 (S (NP-SBJ the maintenance business) (ADVP-TMP no longer) (VP fits (PP-CLR into (NP (NP the company 's) `` strategy (S (NP-SBJ *) (VP to (VP be (NP-PRD a data solutions company)))))))))) . '')) (TOP (S (NP-SBJ (NP Thomas Vassiliades) , (NP (NP president) (PP of (NP (NP Bell Atlantic 's) customer services division))) ,) (VP said (SBAR 0 (S (NP-SBJ the acquisition) (VP would (VP give (NP (NP the company 's) Sorbus computer-maintenance unit) (NP (NP added expertise) (PP-LOC in `` (NP the (ADJP increasingly sophisticated) workstation and high-end mainframe technologies)))))))) .)) (TOP (S (NP-SBJ (NP Two recent decisions) (PP by (NP-LGS federal courts))) (VP cast (NP judges) (PP-CLR in (NP (NP the odd role) (PP of (S-NOM (NP-SBJ *) (VP telling (NP authors) (SBAR (WHADVP-1 how) (S (NP-SBJ they) (VP should (VP write (NP history and biography) (ADVP-MNR *T*-1))))))))))) .)) (TOP (S (NP-SBJ These decisions) (VP deserve (NP (NP more attention) (SBAR than (S (NP-SBJ they) (VP have (VP received (NP *?*) (PP-CLR (PP from (NP scholars)) , and (PP from (NP journalists)) (ADVP as well)))))))) .)) (TOP (S (NP-SBJ (NP Russell Miller 's) `` (NX-TTL (NP Bare-Faced Messiah) : (NP (NP The True Story) (PP of (NP L. Ron Hubbard)))) '') (VP is (NP-PRD (NP a biography) (PP of (NP (NP the founder) (PP of (NP (NP the Church) (PP of (NP Scientology)))))))) .)) (TOP (S (NP-SBJ (NP Mr. Hubbard) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP died (PP-TMP in (NP 1986))))) ,) (VP bequeathed (NP (NP the copyrights) (PP on (NP his writings))) (PP-DTV to (NP (NP his church) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP licensed (NP them) (PP-CLR to (NP (NP New Era Publications) , (NP a Danish corporation))))))))) .)) (TOP (S (PP-TMP In (NP 1988)) (NP-SBJ New Era) (VP sought (NP a permanent injunction) (S-PRP (NP-SBJ *) (VP to (VP restrain (NP-1 Henry Holt & Co.) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP publishing `` (NP-TTL Bare-Faced Messiah) ''))) (PP-PRP on (NP the ground (SBAR that (S (NP-SBJ (NP (NP Mr. Miller 's) quotations) (PP from (NP Mr. Hubbard))) (VP infringed (NP the copyrights)))))))))) .)) (TOP (S (NP-SBJ The publisher) (VP argued (PP-LOC in (NP response)) (SBAR that (S (NP-SBJ the `` fair use '' statute) (VP permits (NP (NP quotation) `` (PP for (NP (NP purposes) (PP such as (NP (NP criticism) , (NP comment) , (NP news reporting) , (NP teaching) , ... (NP scholarship) , or (NP research)))))))))) . '')) (TOP (S (NP-SBJ District Court Judge Pierre Leval) (VP denied (NP the injunction) (PP on (NP (NP the ground (SBAR that (S (NP-SBJ-1 New Era) (VP had (VP failed (S (NP-SBJ *-1) (VP to (VP make (NP its claim) (PP-TMP within (NP a reasonable time)))))))))) -- (NP (NP the doctrine) (SBAR (WHNP-2 0) (S (NP-SBJ lawyers) (VP call (S (NP-SBJ *T*-2) `` (NP-PRD laches))))))))) . '')) (TOP (S (PP As (PP for (NP the merits))) , (NP-SBJ Judge Leval) (VP said (SBAR that (S (NP-SBJ Mr. Miller) (VP had (VP written `` (NP (NP a serious book) (PP of (NP responsible historical criticism)))))))) . '')) (TOP (S-3 (NP-SBJ-1 Verbatim quotation) (PRN , (S (NP-SBJ the judge) (VP believed (SBAR 0 (S *T*-3)))) ,) (VP was (VP justified (NP *-1) (SBAR-PRP in order (S (NP-SBJ *) (VP to (VP prove (NP (NP (NP points) (SBAR (WHNP-4 0) (S (NP-SBJ the author) (VP had (VP asserted (NP *T*-4) (PP about (NP Mr. Hubbard))))))) -- (NP (NP mendacity) , (NP bigotry) , (NP paranoia) and (NP (NP other unlovely traits) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP could not (VP be (ADVP-MNR persuasively) (VP demonstrated (PP-MNR without (NP (NP use) (PP of (NP (NP Mr. Hubbard 's) own words)))))))))))))))))) .)) (TOP (S-1 `` (NP-SBJ-2 The biographer/critic) (PRN , '' (S (NP-SBJ Judge Leval) (VP wrote (S *T*-1))) , ``) (VP should not (VP be (VP required (ADVP simply) (S (NP-SBJ-3 *-2) (VP to (VP express ... (NP conclusions) (PP-MNR without (S-NOM (NP-SBJ *-3) (VP defending (NP them) (PP-MNR by (NP example))))))))))) .)) (TOP (S '' (PP-LOC In (NP such circumstances)) , (NP-SBJ free-speech interests) (VP outweighed (NP (NP the interests) (PP of (NP the copyright owner)))) .)) (TOP (S But (NP-SBJ Judge Leval) (VP felt (ADJP-PRD constrained (PP by (NP (NP an earlier decision) (PP of (NP the Second Circuit Court)) (VP forbidding (S (NP-SBJ (NP a biographer) (PP of (NP J.D. Salinger))) (VP to (VP quote (PP-CLR from (NP (NP Mr. Salinger 's) personal letters)))))))))) .)) (TOP (S (S (NP-SBJ He) (VP distinguished (NP the two cases))) : (S-1 (PP-LOC In (NP Salinger)) (PRN , (S (NP-SBJ Judge Leval) (VP noted (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the quotations) (VP were (PP-PRP-PRD for (NP (NP the purpose) (PP (PP of (S-NOM (NP-SBJ *) (VP enlivening (NP the biography)))) (CONJP rather than) (PP of (S-NOM (NP-SBJ *) (VP proving (NP (NP points) (PP about (NP the subject))))))))))) .)) (TOP (S (ADVP Still) (NP-SBJ the Salinger decision) (VP created (NP (NP a strong presumption) (PP against (NP (NP fair use) (PP of (NP unpublished materials)))))) .)) (TOP (S (NP-SBJ Judge Leval) (VP (ADVP-MNR reluctantly) concluded (SBAR that (S (NP-SBJ (NP a few) (PP of (NP (NP (NP Mr. Miller 's) quotations) (PP from (NP (NP Mr. Hubbard 's) unpublished writings))))) , (SBAR-PRP because (S (NP-SBJ they) (VP were not (ADJP-PRD necessary (S (NP-SBJ *) (VP to (VP prove (NP historical points)))))))) , (VP (VP failed (NP the fair-use test)) and (ADVP therefore) (VP infringed (NP copyright)))))) .)) (TOP (S-1 But (NP-SBJ the proper remedy) (PRN , (S (NP-SBJ Judge Leval) (VP said (SBAR 0 (S *T*-1)))) ,) (VP lay (PP-LOC-CLR (PP in (NP (NP a suit) (PP for (NP damages)))) , not (PP in (NP an injunction)))) .)) (TOP (S (NP-SBJ The case) (VP went (PP-CLR on (NP appeal)) (PP-DIR to (NP the Second Circuit))) .)) (TOP (S (PP-LOC In (NP (NP a decision) (PP-TMP in (NP (NP April) (PP of (NP this year)))))) , (NP-SBJ-1 Judge Roger Miner) , (S (NP-SBJ-2 *-1) (VP joined (NP *-2) (PP by (NP-LGS Judge Frank Altimari)))) , (VP (VP agreed (PP-CLR on (S-NOM (NP-SBJ *) (VP (VP denying (NP the injunction)) and (VP did not (VP doubt (SBAR that (S `` (NP-TTL-SBJ Bare-Faced Messiah) '' (VP was (NP-PRD a serious work)))))))))) but (VP rejected (NP (NP Judge Leval 's) argument (SBAR that (S (NP-SBJ (NP the public interest) (PP in (NP scholarship))) (VP could (VP outweigh (NP (NP the sanctity) (PP of (NP copyright)))))))))) .)) (TOP (S-1 `` (NP-SBJ We) (VP conclude (PRN , '' (S (NP-SBJ the two judges) (VP wrote (S *T*-1))) ,) `` (SBAR that (S (NP-SBJ laches) (VP is (NP-PRD (NP the sole bar) (PP to (NP (NP the issuance) (PP of (NP an injunction))))))))) . '')) (TOP (S-1 (SBAR-ADV (SINV Had (NP-SBJ-2 the suit) (VP been (VP filed (NP *-2) (PP-TMP in (NP time)))))) (PRN , (S (NP-SBJ they) (VP said (SBAR 0 (S *T*-1)))) ,) `` (NP-TTL-SBJ-3 Bare-Faced Messiah) '' (VP would (VP have (VP been (VP suppressed (NP *-3))))) .)) (TOP (S (NP-SBJ This) (VP was (NP-PRD too much) (PP for (NP (NP James Oakes) , (NP (NP the court 's) chief judge)))) .)) (TOP (S (PP-LOC In (NP a powerful separate opinion)) , (NP-SBJ-2 Judge Oakes) (VP (ADVP further) distinguished (NP the Salinger case) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP pointing (PRT out) (SBAR that (S (NP-SBJ (NP a living person) , (PP like (NP Mr. Salinger)) ,) (VP had (NP (NP privacy rights) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP did not (VP apply (PP-CLR to (NP (NP a dead man) , (PP like (NP Mr. Hubbard)))))))))))))))) .)) (TOP (S `` (NP-SBJ I) (VP thought (SBAR that (S (NP-SBJ-2 Salinger) (VP might (PP-MNR by (S-NOM (NP-SBJ-1 *-2) (VP being (VP taken (NP *-1) (PP-LOC in (NP another factual context)))))) (VP come (ADVP-DIR back) (S-PRP (NP-SBJ *-2) (VP to (VP haunt (NP us))))))))) .)) (TOP (S (NP-SBJ This case) (VP realizes (NP that concern)) . '')) (TOP (S-1 (NP-SBJ (NP Decisions) (PP by (NP-LGS (NP the Second Circuit) (NP itself)))) (PRN , (S (NP-SBJ Judge Oakes) (VP continued (SBAR 0 (S *T*-1)))) ,) (VP had (VP recognized (SBAR that (S (NP-SBJ (NP (NP public interest) (PP in (NP the subject matter))) and (NP (NP the indispensability) (PP-LOC in (NP particular cases)) (PP of (NP verbatim quotations)))) (VP are (NP-PRD (NP vital components) (PP of (NP fair use)))))))) .)) (TOP (FRAG And (NP (NP the injunction) (SBAR (WHNP-1 0) (S (NP-SBJ Judges Miner and Altimari) (VP would (ADVP-MNR so readily) (VP have (VP granted (NP *T*-1))))))) (SBAR-ADV (SINV had (NP-SBJ New Era) (VP sued (PP-TMP in (NP time))))) ?)) (TOP (S-1 (NP-SBJ (NP Suppression) (PP of (NP the book))) (PRN , (S (NP-SBJ Judge Oakes) (VP observed (SBAR 0 (S *T*-1)))) ,) (VP would (VP (VP operate (PP-MNR as (NP a prior restraint))) and (ADVP thus) (VP involve (NP the First Amendment)))) .)) (TOP (S (ADVP Moreover) (PRN , and (S (ADVP-LOC here) (NP-SBJ Judge Oakes) (VP went (PP-DIR to (NP (NP the heart) (PP of (NP the question)))))) ,) `` (NP-SBJ Responsible biographers and historians) (VP (ADVP constantly) use (NP (NP primary sources) , (NP letters) , (NP diaries) , and (NP memoranda))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP it) (S *EXP*-1)) (VP would (VP be (ADJP-PRD irresponsible) (S-1 (NP-SBJ *) (VP to (VP ignore (NP (NP such sources) (PP of (NP information)))))))) . '')) (TOP (S (ADVP Now) , (NP-SBJ-2 scholars) (PP-LOC in (S-NOM (NP-SBJ *-2) (VP fulfilling (NP their responsibility)))) (VP do not (VP claim (NP the right (S (NP-SBJ *) (VP to (VP invade (NP (NP every collection) (PP of (NP papers)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP bears (PP-CLR upon (NP (NP their topics) (PP of (NP investigation)))))))))))))) .)) (TOP (S And (PP of (NP course)) (NP-SBJ they) (VP agree (SBAR that (S (NP-SBJ people) (VP can (VP impose (NP restrictions) (PP-CLR on (NP (NP the use) (PP of (NP (NP their papers) , (UCP whether (PP-LOC in (NP their own possession)) or (SBAR as (S (NP-SBJ-1 *) (VP donated or sold (NP *-1) (PP-CLR to (NP libraries))))))))))))))) .)) (TOP (S But (PP-LOC in (NP the `` Bare-Faced Messiah '' case)) (NP-SBJ the author) (VP found (NP (NP most) (PP of (NP his material))) (PP (PP-LOC in (NP court records)) or (PP-MNR via (NP the (NAC Freedom (PP of (NP Information))) Act)))) .)) (TOP (S And (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ responsible scholars) (VP gain (NP (NP legitimate access) (PP to (NP unpublished materials))) (ADVP-TMP *T*-2)))) , (NP-SBJ-3 copyright) (VP should not (VP be (VP permitted (S (NP-SBJ *-3) (VP to (VP deny (NP them) (NP (NP use) (PP of (NP (NP quotations) (SBAR (WHNP-1 that) (S (NP-SBJ-4 *T*-1) (VP help (S (NP-SBJ *-4) (VP to (VP establish (NP historical points)))))))))))))))) .)) (TOP (S (NP-SBJ Judges Oakes and Leval) (VP understand (NP (NP the requirements) (PP of (NP historical scholarship)))) .)) (TOP (S (NP-SBJ-1 Judges Miner and Altimari) (VP do not (VP appear (S (NP-SBJ *-1) (VP to (VP have (NP a clue)))))) .)) (TOP (S (ADVP Yet) (PP-TMP at (NP the moment)) (NP-SBJ they) (VP are (NP-PRD (NP the judges) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (VP making (NP the law))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ matters) (VP stand))) , (NP-SBJ-1 the Salinger ruling) , (S-ADV (NP-SBJ-2 *-1) (VP (VP torn (NP *-2) (PP-CLR from (NP context))) and (VP (ADVP-MNR broadly) construed (NP *-2)))) , (VP is (VP controlling)) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ an author) (VP quotes `` (NP (NP (ADJP (ADVP more than) minimal) amounts) '' (PP of (NP unpublished copyrighted materials)))))) , (SBAR-ADV as (S (NP-SBJ the Salinger decision) (VP had (NP it)))) , `` (NP-SBJ-2 he) (VP deserves (S (NP-SBJ-1 *-2) (VP to (VP be (VP enjoined (NP *-1)))))) . '')) (TOP (S (S (NP-SBJ The courts) (VP have not (VP defined `` (NP minimal amounts)))) , '' but (S-1 (NP-SBJ publishers) (PRN , (S (NP-SBJ I) (VP understand (SBAR 0 (S *T*-1)))) ,) (VP take (S (NP-SBJ it) (VP to (VP mean (NP (QP about 50) words)))))) .)) (TOP (S (NP-SBJ The `` Bare-Faced Messiah '' decision) (VP strikes (NP (NP a blow) (PP against (NP the whole historical enterprise)))) .)) (TOP (S (NP-SBJ (NP A second decision) , (VP handed (NP *) (PRT down) (PP-TMP in (NP August)) (PP by (NP-LGS (NP the Court) (PP of (NP Appeals)) (PP for (NP the Ninth Circuit))))) ,) (VP is (NP-PRD (NP another blow) (PP against (NP scholarship)))) .)) (TOP (S (NP-SBJ (NP Janet Malcolm) , (NP (NP a professional writer) (PP on (NP psychiatric matters))) ,) (VP wrote (NP (NP a series) (PP of (NP articles)) (PP for (NP the New Yorker)) , (VP (ADVP-TMP later) published (NP *) (PP-MNR in (NP book form)) (PP by (NP-LGS Knopf)) (PP-MNR under (NP (NP the title) `` (PP-TTL In (NP the Freud Archives))))))) . '')) (TOP (S (NP-SBJ The articles) (VP were (ADVP largely) (VP based (PP-CLR on (NP (NP interviews) (SBAR (WHNP-2 0) (S (NP-SBJ Ms. Malcolm) (VP had (VP taped (NP *T*-2) (PP with (NP (NP Jeffrey Masson) , (NP (NP a psychoanalyst) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP served (PP-CLR as (NP (NP projects director) (PP of (NP the Freud Archives))))))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Masson) (ADVP-TMP then) (VP brought (NP a libel suit) (PP-CLR against (NP (NP Ms. Malcolm) , (NP the New Yorker) and (NP Knopf)))) .)) (TOP (S (S (PP As (NP a public figure)) , (NP-SBJ-1 Mr. Masson) (VP had (S (NP-SBJ *-1) (VP to (VP prove (NP malice)))))) and , (S (PP as (NP (NP proof) (PP of (NP malice)))) , (NP-SBJ Mr. Masson) (VP contended (SBAR that (S (NP-SBJ-2 (NP defamatory quotations) (VP ascribed (NP *) (PP-CLR to (NP him)) (PP by (NP-LGS Ms. Malcolm)))) (VP were (PP in (NP fact)) (VP fabricated (NP *-2))))))) .)) (TOP (S (S (NP-SBJ-1 The quotes) (VP could not (VP be (VP found (NP *-1) (PP-LOC-CLR on (NP the tapes)))))) , and (S (NP-SBJ (NP the two judges) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP decided (NP the case) (PP for (NP (NP Ms. Malcolm) and (NP her publishers))))))) (VP conceded (SBAR that , (S (PP for (NP (NP the purpose) (PP of (NP their decision)))) , `` (NP-SBJ we) (VP assume (SBAR 0 (S (NP-SBJ-3 the quotations) (VP were (ADVP-MNR deliberately) (VP altered (NP *-3)))))))))) . '')) (TOP (S (PP For (NP (NP all historians) and (NP most journalists))) , (NP-SBJ this admission) (VP would (VP have (VP been (ADJP-PRD sufficient (S (NP-SBJ *) (VP to (VP condemn (NP the Malcolm articles)))))))) .)) (TOP (S But (NP-SBJ (NP Judge Arthur Alarcon) , (VP joined (NP *) (PP by (NP-LGS Judge Cynthia Holcomb Hall))) ,) (VP took (NP the astonishing position (SBAR that (S (NP-SBJ (NP it) (S *EXP*-1)) (VP is (ADJP-PRD perfectly OK) (S-1 (NP-SBJ *) (VP to (VP fabricate (NP quotations) (SBAR-ADV so long as (S (NP-SBJ a judge) (VP finds (SBAR that (S (NP-SBJ the fabrications) (VP (VP do not (VP alter (NP substantive content))) or (VP are (NP-PRD (NP rational interpretations) (PP of (NP ambiguous remarks)))))))))))))))))) .)) (TOP (S (PP-LOC In (NP his eloquent dissent)) , (NP-SBJ Judge Alex Kozinski) (VP observed (SBAR that (S (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-3 a writer) (VP uses (NP quotation marks) (PP-LOC in (S-NOM (NP-SBJ *-3) (VP reporting (SBAR (WHNP-1 what) (S (NP-SBJ someone) (VP has (VP said (NP *T*-1)))))))) (ADVP-TMP *T*-2)))) , (NP-SBJ the reader) (VP assumes (SBAR that (S (NP-SBJ these) (VP are (NP-PRD (NP (NP the speaker 's) precise words) or (ADVP at least) (NP (NP his words) (VP purged (NP *) (PP-CLR of (UCP `` (INTJ uh) '' and `` (S (NP-SBJ you) (VP know)) '' and (NP grammatical error))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ judges) (VP have (NP (NP an obligation (S *ICH*-1)) (PP-LOC under (NP the First Amendment)) (S-1 (NP-SBJ *) (VP to (VP safeguard (NP (NP freedom) (PP of (NP the press)))))))))) , `` (NP-SBJ the right (S (NP-SBJ *) (VP to (ADVP-MNR deliberately) (VP alter (NP quotations))))) (VP is not (PRN , (PP in (NP my view)) ,) (NP-PRD (NP a concomitant) (PP of (NP a free press)))) . '')) (TOP (S (NP-SBJ Ms. Malcolm) , (PP for (NP example)) , (VP wrote (SBAR that (S (NP-SBJ Mr. Masson) (VP described (NP himself) (PP-CLR as `` (NP (NP the greatest analyst) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP ever) (VP lived))))))))) . '')) (TOP (S (NP-SBJ No such statement) (VP appears (PP-LOC on (NP the tapes))) .)) (TOP (S (NP-SBJ The majority) (VP cited (NP (NP (NP Mr. Masson 's) remark) `` (S (NP-SBJ It) (VP 's (NP-PRD (NP me) (ADVP alone) ... (PP-PRD against (NP (NP the rest) (PP of (NP the analytic world))))))) '') (PP as (NP (NP warrant) (PP for (NP the Malcolm fabrication))))) .)) (TOP (S But , (SBAR-ADV as (S (NP-SBJ Judge Kozinski) (VP noted))) , (NP-SBJ the context) (VP shows (SBAR that (S (NP-SBJ (NP Mr. Masson 's) `` me alone '' remark) (VP referred (PP-CLR not (PP to (NP (NP his alleged pre-eminence) (PP-LOC in (NP his profession)))) but (PP to (NP the fact (SBAR that (S (NP-SBJ-1 (NP his position) (PP on (NP a particular issue))) (VP was not (VP shared (NP *-1) (PP by (NP-LGS anyone else))))))))))))) .)) (TOP (S (NP-SBJ Ms. Malcolm) (VP had (S (NP-SBJ Mr. Masson) (VP describing (NP himself) (PP-CLR as `` (NP an intellectual gigolo))))) . '')) (TOP (S (ADVP Again) , (NP-SBJ no such statement) (VP appears (PP-LOC on (NP the tapes))) .)) (TOP (S (NP-SBJ The majority decision) (VP contended (SBAR (SBAR that (S (NP-SBJ the phrase) (VP was (NP-PRD (NP a rational interpretation) (PP of (NP (NP (NP Mr. Masson 's) description) (PP of (NP himself)) (PP as (NP (NP a `` private asset) but (NP a public liability) '')) (PP to (NP Anna Freud)))))))) and (SBAR that (S (PP in (NP any case)) (NP-SBJ it) (VP was not (ADJP-PRD defamatory)))))) .)) (TOP (S (NP-SBJ Judge Kozinski) (VP (VP found (S (NP-SBJ the derivation) (VP (ADVP entirely) strained (NP *)))) and (VP writes (SBAR that `` (S (SBAR-SBJ for (S (NP-SBJ an academic) (VP to (VP refer (PP-CLR to (NP himself)) (PP-CLR as (NP an intellectual gigolo)))))) (VP is ... (NP-PRD (NP a devastating admission) (PP of (NP professional dishonesty)))))))) . '')) (TOP (S (NP-SBJ These) (VP were (NP-PRD (NP (QP only two)) (PP of (NP (NP a series) (PP of (NP (NP fabrications) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (PRN , (PP in (NP (NP Judge Kozinski 's) words)) ,) (NP (NP the cumulative effect) (PP of (S-NOM (NP-SBJ *) (VP making (S (NP-SBJ Mr. Masson) `` (VP appear (UCP-PRD (ADJP more arrogant) , (ADJP less sensitive) , (ADJP shallower) , (ADJP more self-aggrandizing) , and (PP (PP (ADVP less) in (NP (NP touch) (PP with (NP reality)))) (SBAR than (S (NP-SBJ he) (VP appears (ADJP-PRD *?*) (PP from (NP his own statements)))))))))))))))))))))) . '')) (TOP (S (SBAR-ADV As (S (NP-SBJ Robert Coles) (VP wrote (PP-LOC in (NP (NP a review) (PP of (NP (NP Ms. Malcolm 's) book))))))) , (NP-SBJ Mr. Masson) (VP emerges `` (PP-MNR as (NP (NP a grandiose egotist) ... and (PRN , (PP in (NP the end)) ,) (NP a self-destructive fool)))) .)) (TOP (S (S-CLF But (NP-SBJ it) (VP is not (NP-PRD Janet Malcolm) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP calls (S (NP-SBJ him) (NP-PRD such))))))) : (S (NP-SBJ his own words) (VP reveal (NP this psychological profile))) . '')) (TOP (S (NP-SBJ We) (ADVP-TMP now) (VP know (SBAR that (S (NP-SBJ the words) (VP were not (ADVP-TMP always) (NP-PRD his own))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP is (NP-PRD (NP one sacred rule) (PP of (NP journalism))))) , '' (NP-SBJ John Hersey) (VP has (VP said (S *T*-1))) .)) (TOP (S `` (NP-SBJ The writer) (VP must not (VP invent)) . '')) (TOP (S (SBAR-ADV (SINV Should (NP-SBJ (NP the green light) (SBAR (WHNP-1 0) (S (NP-SBJ Judges Alarcon and Hall) (VP have (VP given (NP *T*-1) (PP-DTV to (NP (NP the fabrication) (PP of (NP quotations))))))))) (VP become (NP-PRD standard practice)))) , (NP-SBJ it) (VP will (VP (ADVP notably) reduce (NP (NP the value) (PP of (NP journalism)) (PP (PP for (NP historians)) -- and (PP for (NP citizens)))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ Judge Kozinski) (VP put (NP it)))) : `` (S-SBJ (NP-SBJ *) (VP To (VP invoke (NP the right (S (NP-SBJ *) (VP to (VP (ADVP-MNR deliberately) distort (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP someone) (ADJP else)) (VP has (VP said (NP *T*-1)))))))))))) (VP is (S-PRD (NP-SBJ *) (VP to (VP assert (NP the right (S (NP-SBJ *) (VP to (VP lie (PP-LOC in (NP print)))))))))) ... .)) (TOP (S (S (NP-SBJ Masson) (VP has (VP lost (NP his case)))) , but (S (NP-SBJ (NP the defendants) , and (NP (NP the profession) (SBAR (WHPP-1 to (WHNP which)) (S (NP-SBJ they) (VP belong (PP-CLR *T*-1))))) ,) (VP have (VP lost (NP (ADJP far more))))) . '')) (TOP (S (NP-SBJ The historical profession) (VP will (VP survive (NP these decisions))) .)) (TOP (S (ADVP Perhaps) (PP-TMP in (NP time)) (NP-SBJ the Supreme Court) (VP will (VP correct (NP them))) .)) (TOP (S But (S-NOM-SBJ (NP-SBJ *) (VP writing (NP history))) (VP is (ADJP-PRD tough enough) (PP without (S-NOM (NP-SBJ judges) (VP (ADVP-MNR gratuitously) throwing (NP obstacles) (PP-DIR in (NP (NP the scholar 's) path)))))) .)) (TOP (S (NP-SBJ Mr. Schlesinger) (VP is (NP-PRD (NP (NP Albert Schweitzer professor) (PP of (NP the humanities)) (PP-LOC at (NP (NP the City University) (PP of (NP New York))))) and (NP (NP a winner) (PP of (NP (NP Pulitzer Prizes) (PP in (NP history and biography))))))) .)) (TOP (S (NP-SBJ-1 (NP Hale Milgrim) , (ADJP (NP 41 years) old) , (NP (NP senior vice president) , (NP marketing) (PP-LOC at (NP Elecktra Entertainment Inc.))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP president) (PP of (NP (NP Capitol Records Inc.) , (NP (NP a unit) (PP of (NP this entertainment concern))))))))) .)) (TOP (S (NP-SBJ Mr. Milgrim) (VP succeeds (NP (NP David Berman) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP resigned (NP-TMP last month)))))) .)) (TOP (S (NP-SBJ (NP Legal controversies) (PP-LOC in (NP America))) (VP have (NP (NP a way) (PP of (S-NOM (NP-SBJ *) (VP assuming (NP (NP a symbolic significance) (VP (ADVP far) exceeding (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 *T*-2) (VP is (VP involved (NP *-1) (PP-CLR in (NP the particular case))))))))))))) .)) (TOP (S (NP-SBJ They) (VP speak (NP volumes) (PP-CLR about (NP (NP the state) (PP of (NP our society)) (PP-TMP at (NP a given moment))))) .)) (TOP (S (NP-SBJ It) (VP has (ADVP-TMP always) (VP been (ADVP-PRD so))) .)) (TOP (S (PP-TMP In (NP the 1920s)) , (NP-SBJ-1 (NP a young schoolteacher) , (NP John T. Scopes) ,) (VP volunteered (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a guinea pig) (PP-LOC in (NP (NP a test case) (VP sponsored (NP *) (PP by (NP-LGS the American Civil Liberties Union)))))))) (S-PRP (NP-SBJ *) (VP to (VP challenge (NP (NP a ban) (PP on (NP (NP the teaching) (PP of (NP evolution)))) (VP imposed (NP *) (PP by (NP-LGS the Tennessee Legislature)))))))) .)) (TOP (S (NP-SBJ The result) (VP was (NP-PRD (NP a world-famous trial) (VP exposing (NP (NP profound cultural conflicts) (PP-LOC in (NP American life)) (PP between (NP (NP (NP the `` smart set) , '' (SBAR (WHNP-1 whose spokesman) (S (NP-SBJ *T*-1) (VP was (NP-PRD H.L. Mencken))))) , and (NP (NP the religious fundamentalists) , (SBAR (WHNP-2 whom) (S (NP-SBJ Mencken) (VP derided (NP *T*-2) (PP-CLR as (NP benighted primitives)))))))))))) .)) (TOP (S (NP-SBJ Few) (ADVP-TMP now) (VP recall (NP (NP the actual outcome) : (S (S (NP-SBJ-2 Scopes) (VP was (VP (VP convicted (NP *-2)) and (VP fined (NP *-2) (NP $ 100 *U*))))) , and (S (NP-SBJ-1 his conviction) (VP was (VP reversed (NP *-1) (PP-CLR on (NP appeal)) (SBAR-PRP because (S (NP-SBJ the fine) (VP was (ADJP-PRD excessive) (PP-LOC under (NP Tennessee law))))))))))) .)) (TOP (S (ADVP-PRD-TPC-3 So) (NP-SBJ it) (VP was (ADVP-PRD *T*-3) (PP with (NP the Hiss case)) (ADVP-TMP (NP a generation) later) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ Alger Hiss) (VP became (NP-PRD (NP a lightning rod) (PP for (NP (NP (NP the anxieties) (PP of (NP the Cold War))) and (NP (NP conflicting attitudes) (PP toward (NP (NP the New Deal) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP had (VP served (NP *T*-1))))))))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (NP-SBJ His trials) (VP aroused (NP (NP public passions) (PP out (PP of (NP (NP all proportion) (PP to (NP (NP the (ADJP rather banal) secrets) (SBAR (WHNP-1 0) (S (NP-SBJ he) (ADVP allegedly) (VP had (VP passed (NP *T*-1) (PP-DTV to (NP Soviet intelligence))))))))))))) .)) (TOP (S And (ADVP-PRD-TPC-2 so) (NP-SBJ-1 it) (VP seems (S (NP-SBJ *-1) (VP to (VP be (ADVP-PRD *T*-2) (PP with (NP (NP the case) (PP of (NP (NP Elizabeth Morgan) , (NP (NP the (NAC-LOC Washington , D.C. ,) plastic surgeon) (VP jailed (NP-3 *) (PP-LOC in (NP a child custody case)) (PP-PRP-CLR for (S-NOM (NP-SBJ-4 *-3) (VP refusing (S (NP-SBJ *-4) (VP to (VP reveal (NP (NP the whereabouts) (PP of (NP her daughter))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Dr. Morgan) (VP has (ADVP just) (VP emerged (PP-DIR from (NP the D.C. jail)) (PP-TMP after (NP (NP (NP (QP more than two) years ') confinement) (PP for (NP (NP contempt) (PP of (NP court)))))) , (S-ADV (NP-SBJ *-1) (NP-PRD (NP a heroine) (PP to (NP her many supporters)))))) .)) (TOP (S (PP To (NP (NP the rest) (PP of (NP us)))) , (NP-SBJ the case) (VP is (NP-PRD a puzzle)) .)) (TOP (S (NP-SBJ It) (VP is (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ lawyers) (VP call (S (NP-SBJ *T*-1) `` (NP-PRD fact intensive)))))) . '')) (TOP (S (NP-SBJ It) (VP presents (NP (NP (NP no great issue) (PP of (NP legal principle))) , (NP (NP no overriding question) (PP of (NP (NP family law) or (NP (NP the law) (PP of (NP contempt)))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ it) (VP turns (PP-CLR on (NP (NP the (ADJP disputed and elusive) facts) (PP of `` (SBAR-NOM (WHNP-1 who) (S (NP-SBJ *T*-1) (VP did (NP what) (PP-CLR to (NP whom))))))))) . '')) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-3)) (VP is (ADJP-PRD (ADJP difficult) (PRN , (CONJP if not) (ADJP impossible) ,)) (SBAR-3 for (S (NP-SBJ (NP anyone) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP has not (VP pored (PP-CLR over (NP (NP the thousands) (PP of (NP (NP pages) (PP of (NP (NP court pleadings) and (NP transcripts)))))))))))) (VP to (VP have (NP (NP a worthwhile opinion) (PP on (NP (NP the underlying merits) (PP of (NP the controversy)))))))))) .)) (TOP (S (ADVP Certainly) (NP-SBJ I) (VP do not (VP *?*)) .)) (TOP (S So (NP-SBJ we) (VP must (VP look (ADVP-LOC elsewhere) (PP-CLR for (NP (NP an explanation) (PP of (NP (NP the unusual power) (SBAR (WHNP-1 0) (S (NP-SBJ this case) (VP has (VP exerted (NP *T*-1) (PP over (NP (NP the minds) (PP of (NP (NP many) , (UCP-LOC (CONJP not just) (PP in (NP Washington)) but (ADVP elsewhere (PP in (NP (NP the country) and (NP even the world))))))))))))))))))) .)) (TOP (S (NP-SBJ I) (VP suggest (SBAR that (S (NP-SBJ three themes) (VP have (VP come (ADVP-CLR together) (PP-LOC in (NP (NP the strange case) (PP of (NP Dr. Morgan))))))))) .)) (TOP (S (NP-SBJ The first) (VP is (SBAR-PRD that (S (NP-SBJ it) (VP represents (NP (NP an intense battle) (PP in (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 James Thurber) (VP used (S (NP-SBJ *-1) (VP to (VP caricature (NP *T*-2) (PP-CLR as `` (NP (NP the war) (PP between (NP the sexes)))))))))))))))) . '')) (TOP (S But (SBAR-ADV although (S (NP-SBJ Thurber) (VP did (ADVP-PRD so) (ADVP-MNR gently and lightheartedly)))) , (NP-SBJ (NP many) (PP of (NP (NP Dr. Morgan 's) supporters))) (VP have (VP taken (NP (NP (NP Thurber 's) memorable title) `` (NP-TTL The Male Animal) '') (ADVP-MNR quite literally))) .)) (TOP (S (NP-SBJ (NP The vehemence) (PP of (NP (NP the emotions) (VP aroused (NP *) (PP by (NP-LGS the case)))))) (VP testifies (PP-CLR to (NP (NP its symbolic importance) (PP-LOC in (NP (NP the war) (SBAR (WHNP-1 that) (S (NP-SBJ Thurber) (VP accepted (NP *T*-1) (PP-CLR as (NP (NP an eternal part) (PP of (NP the human condition)))))))))))) .)) (TOP (S (NP-SBJ A second theme) (VP is (NP-PRD (NP the undercurrent) (PP of (NP (NP social class) and (NP race))) (PP-LOC in (NP (NP the public reaction) (PP to (NP the Morgan case)))))) .)) (TOP (S (NP-SBJ Dr. Morgan) (VP is (NP-PRD (NP a (ADJP highly educated) white professional) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP attended (NP (NP some) (PP of (NP the `` best '' schools)))))))) .)) (TOP (SQ (SBAR-ADV As (S (NP-SBJ (NP members) (PP of (NP (NP the Black Caucus) (PP-LOC in (NP Congress))))) (VP asked (PP-TMP during (NP (NP the debate) (PP on (NP (NP the legislation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP freed (NP Dr. Morgan))))))))))) , does (NP-SBJ anyone) (ADVP-MNR seriously) (VP believe (SBAR that (S (SBAR-ADV if (S (NP-SBJ she) (VP were (NP-PRD an uneducated , black , working-class woman)))) , (NP-SBJ-2 Congress) (VP would (VP have (VP rushed (S (NP-SBJ *-2) (VP to (VP pass (NP (NP a private relief bill) (VP freeing (NP her)))))))))))) ?)) (TOP (FRAG Or (SBAR that (S (NP-SBJ-1 the president) (VP would (VP have (VP hurried (S (NP-SBJ *-1) (VP to (VP sign (NP the bill) `` (PP out (PP of (NP (NP compassion) (PP for (NP her plight))))) '')))))))) ?)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP To (VP ask (NP those questions)))) (VP is (S-PRD (NP-SBJ *) (VP to (VP answer (NP them))))) .)) (TOP (S (ADVP Finally) , (NP-SBJ (NP the case) (PP of (NP Dr. Morgan))) (VP gave (NP Congress) (NP an opportunity (S (NP-SBJ *) (VP (VP to (VP act (PP-MNR with (NP unaccustomed decisiveness)))) and (VP to (VP engage (PP-CLR in (NP (NP (NP one) (PP of (NP its favorite pastimes))) -- (S-NOM (NP-SBJ *) (VP bashing (NP the (NAC District (PP of (NP Columbia))) government))))))))))) .)) (TOP (S (S (NP-SBJ-2 The local government) (VP is (VP discredited (NP *-2) (PP-LOC in (NP (NP the eyes) (PP of (NP many residents)))) (PP-PRP for (NP (NP a variety) (PP of (NP reasons))))))) , and (S (NP-SBJ congressmen) (VP (VP read (NP (NP the same newspapers) (SBAR *RNR*-1))) and (VP watch (NP (NP the same TV newscasts) (SBAR *RNR*-1))) (SBAR-ADV-1 as (S (NP-SBJ (NP other people) (PP-LOC in (NP the area))) (VP do (VP *?*)))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Bashing (NP the D.C. government))) (VP is (ADJP-PRD risk-free) (PP for (NP (NP members) (PP of (NP Congress)) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP do not (VP have (S (NP-SBJ *-2) (VP to (VP answer (PP-CLR to (NP their own constituents)) (PP-CLR for (NP it)))))))))))) .)) (TOP (S (NP-SBJ-1 Congress) (VP is (VP paralyzed (NP-2 *-1) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP acting (PP-CLR on (NP (NP such great issues) (PP of (NP the day)) (PP as (NP the federal budget deficit))))))))) .)) (TOP (S Yet (NP-SBJ (NP a bill) (VP tailored (NP *) (PP-CLR to (NP (NP the interests) (PP of (NP a single individual)))))) (VP passed (NP Congress) (PP-MNR with (NP almost unimaginable speed)) , (SBAR-TMP (SBAR before (S (NP-SBJ the judicial process) (VP had (VP run (NP its course))))) , and (PRN , (ADVP indeed) ,) (SBAR while (S (NP-SBJ the Morgan case) (VP was (VP awaiting (NP (NP a ruling) (PP by (NP the appellate court))))))))) .)) (TOP (S (NP-SBJ The Morgan case) (ADVP thus) (VP tells (NP us) (NP (NP much more) (PP about (NP (NP the current state) (PP of (NP sex , class , race and politics)) (PP-LOC in (NP our society)))) (SBAR than (S (NP-SBJ it) (VP does (VP *?* (PP about (NP (NP the facts) (PP of (NP (NP Dr. Morgan 's) particular situation)))))))))) .)) (TOP (S (NP-SBJ It) (VP may (VP stand (PP-CLR as (NP (NP a metaphor) (PP for (SBAR (WHADJP-1 how wide and deep) (S (NP-SBJ-2 (NP the divisions) (PP-LOC in (NP that society))) (VP continue (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD *T*-1)))) (SBAR-ADV (WHADVP-4 however) (S (NP-SBJ-3 we) (VP try (S (NP-SBJ *-3) (VP to (VP deny (NP their existence) (ADVP-MNR *T*-4))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Rezneck) (VP is (NP-PRD (NP a lawyer) (PP-LOC in (NP (NP Washington) , (NP D.C))))) .)) (TOP (S (NP-SBJ The National Aeronautics and Space Administration) (VP said (SBAR 0 (S (NP-SBJ it) (VP awarded (NP General Dynamics Corp.) (NP a (ADJP (QP $ 64 million) *U*) contract (S (NP-SBJ *) (VP to (VP launch (NP the Combined Release and Radiation Effects Satellite) (PP-TMP in (NP June 1990)))))))))) .)) (TOP (S (NP-SBJ CRRES) (VP is (NP-PRD (NP a joint NASA-Air Force satellite) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP study (NP (NP the effects) (PP of (NP space radiation)) (PP on (NP micro-electronic components))))))))) .)) (TOP (S (NP-SBJ NASA) (VP said (SBAR 0 (S (NP-SBJ-1 General Dynamics) (VP will (VP launch (NP CRRES) (S-MNR (NP-SBJ *-1) (VP using (NP an Atlas 1 rocket)))))))) .)) (TOP (S (NP-SBJ-1 (NP Ronald J. Taylor) , (NP 48) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP chairman) (PP of (NP (NP (NP this insurance firm 's) reinsurance brokerage group) and (NP (NP its major unit) , (NP G.L. Hodson & Son Inc)))))))) .)) (TOP (S (NP-SBJ (NP Robert G. Hodson) , (NP 65) ,) (VP (VP retired (PP-CLR as (NP chairman))) but (VP will (VP remain (NP-PRD a consultant)))) .)) (TOP (S (NP-SBJ-1 (NP Stephen A. Crane) , (NP 44) , (NP (NP (NP senior vice president) and (NP chief (UCP financial and planning) officer)) (PP of (NP the parent))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP president) and (NP chief executive)) (PP of (NP (NP the brokerage group) and (NP the unit))))) , (S-ADV (NP-SBJ *-1) (VP succeeding (NP Mr. Taylor))))) .)) (TOP (S (NP-SBJ The appointments) (VP are (ADJP-PRD effective) (NP-TMP Nov. 1)) .)) (TOP (S (NP-SBJ Corroon) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP announce (NP (NP a successor) (PP to (NP Mr. Crane))) (PP-TMP at (NP a later date))))))) .)) (TOP (S (NP-SBJ An investment company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP offered (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP (NP Arby 's) Inc.) , (NP the fast-food operator) ,) (PP-CLR for (NP (QP $ 205 million) *U*))))))))) .)) (TOP (S (NP-SBJ-1 The proposal) , (ADVP however) , (VP was (ADVP-TMP immediately) (VP rebuffed (NP *-1) (PP by (NP-LGS (NP (NP Arby 's) parent) , (NP DWG Corp))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Arby 's) (VP is n't (PP-PRD for (NP sale)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Renee Mottram) , (NP (NP senior vice president) (PP-LOC at (NP DWG)))) .)) (TOP (S (NP-SBJ (NP The new suitor) , (NP (NP Stevric Equity Ventures Inc.) , (PP of (NP (NP Mineola) , (NP N.Y.) ,)))) (VP characterized (NP its proposal) (PP-CLR as (NP (NP the `` first (ADJP truly independent) offer) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP does not (VP pit (NP one interest group) (PP-CLR against (NP (NP another) (PP within (NP (NP the Arby 's) franchisee community))))))))))) . '')) (TOP (S (PP-TMP In (NP September)) , (NP-SBJ (NP DWG) , (NP (NP a (NAC-LOC Miami Beach , Fla. ,) holding company) (VP controlled (NP *) (PP by (NP-LGS financeer Victor Posner)))) ,) (VP rejected (NP (NP an offer (S *ICH*-1)) (PP from (NP (NP a group) (PP of (NP (NP Arby 's) franchisees)))) (S-1 (NP-SBJ *) (VP to (VP acquire (NP Arby 's) (PP-CLR for (NP $ 200 million *U*))))))) .)) (TOP (S (PP-TMP Since (ADVP then)) , (NP-SBJ-1 (NP a second group) (PP of (NP franchisees))) (VP has (VP banded (ADVP-CLR together) (S-PRP-CLR (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP wrestle (NP (NP control) (PP of (NP the unit))) (PP-CLR from (NP Mr. Posner)))))))))) .)) (TOP (S (NP-SBJ Arby 's) (VP is (NP-PRD (NP the marketing , franchising and service company) (PP for (NP (NP the 2,100 restaurants) (PP-LOC in (NP the chain)))))) .)) (TOP (S (NP-SBJ (NP (NP Stevric 's) principals) , (NP Richard and Steven Buckley) ,) (VP said (SBAR 0 (S (NP-SBJ they) (VP led (NP (NP the acquisition group) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP acquired (NP the (NP Nathan 's) Famous Inc. restaurant chain)) and (VP (ADVP-TMP subsequently) served (PP-CLR as (NP (NP the top officers) (PP of (NP the company))))))))))))) .)) (TOP (S (NP-SBJ Richard Buckley) (VP said (SBAR 0 (S (NP-SBJ (NP (NP Stevric 's) acquisition) (PP of (NP Arby 's))) `` (VP would (VP allow (S (NP-SBJ seasoned franchisers and food-service operators) , (PP with (NP (NP no conflicts) (PP of (NP interest)))) , (VP to (VP (VP stabilize (NP franchisee relations)) and (VP (ADVP properly) refocus (NP (NP the company 's) energies) (PP-CLR toward (NP growth))))))))))) .)) (TOP (S (NP-SBJ (NP (NP General Motors Corp. 's) big defense and automotive electronics unit) , (NP GM Hughes Electronics) ,) (VP said (SBAR 0 (S (NP-SBJ net income) (VP fell (NP-EXT 22 %) (PP-TMP in (NP the third quarter)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP declining military spending) and (NP slumping GM vehicle production)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP net) (PP-LOC at (NP (NP (NP GM 's) finance arm) , (NP General Motors Acceptance Corp.) ,))) (VP fell (NP-EXT 3.1 %)) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ (NP Electronic Data Systems Corp.) , (NP (NP GM 's) data processing subsidiary) ,) (VP boosted (NP net) (NP-EXT 16 %)) .)) (TOP (S (NP-SBJ GM) (VP closed (ADVP-CLR down (NP $ 1.875 *U*)) (PP-CLR at (NP $ 44.875 *U*)) (PP-LOC in (NP New York Stock Exchange trading)) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ-1 (NP Earnings) (PP for (NP GM common stock))) , (S-ADV (NP-SBJ *-1) (VP reflecting (NP (NP the performance) (PP of (NP (NP GM 's) core automotive operations))))) , (VP will (VP be (VP disclosed (NP *-1) (NP-TMP this morning)))) .)) (TOP (S (NP-SBJ (NP GM Class H) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP represents (NP (NP a dividend interest) (PP in (NP Hughes earnings)))))) ,) (VP closed (PP-CLR at (NP $ 29 *U*)) , (ADVP up (NP 25 cents)) (PP-LOC in (NP Big Board composite trading))) .)) (TOP (S (NP-SBJ (NP GM Class E) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP represents (NP (NP a dividend interest) (PP in (NP EDS profit)))))) ,) (VP fell (NP-EXT 75 cents) (PP-DIR to (NP $ 52.25 *U*)) (PP-LOC on (NP the Big Board))) .)) (TOP (S (NP-SBJ (NP The earnings drop) (PP-LOC at (NP GM Hughes Electronics))) (VP is (NP-PRD (NP a sign) (PP of (NP tough times))) (PP-LOC at (NP both (NP (NP the defense operations) (PP of (NP Hughes Aircraft Co.))) and (NP (NP (NP GM 's) North American automotive operations) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (NP-PRD (NP a primary customer) (PP for (NP (NP the Delco Electronics Corp. side) (PP of (NP the GM Hughes unit)))))))))))) .)) (TOP (S (NP-SBJ (NP Profit) (PP-LOC at (NP the unit))) (VP fell (PP-DIR to (NP (NP (QP $ 110.6 million) *U*) , or (NP (NP 37 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 142.4 million) *U*) , or (NP (NP 45 cents) (NP-ADV a share)) ,)) (PP-PRP largely because of (NP (NP a (ADJP (QP $ 24 million) *U*) one-time charge) (VP associated (NP *) (PP-CLR with (NP (NP Hughes 's) (ADJP previously announced) plan (S (NP-SBJ *) (VP to (VP reduce (NP employment) (PP-EXT by (NP (QP at least 6,000) people)) (PP-TMP by (NP year end))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (ADVP Even) (VP excluding (NP the charge))) , (ADVP however) , (NP-SBJ net) (VP fell (NP-EXT 5 %)) .)) (TOP (S (S-TPC-2 (PP In (NP addition)) , (NP-SBJ (NP GM 's) (ADJP North American) vehicle production) (VP (VP fell (NP-EXT 8.4 %) (PP-DIR from (ADVP-TMP (NP a year) ago))) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP hurt (NP (NP Delco Electronic 's) earnings)))))) , (NP-SBJ a company spokesman) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 That decline) (VP was (VP reflected (NP *-1) (PP-CLR in (NP (NP revenue) (PP for (NP (NP the GM Hughes unit) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP edged (ADVP-DIR down) (PP-DIR to (NP (QP $ 2.58 billion) *U*)) (PP-DIR from (NP (QP $ 2.63 billion) *U*))))))))))) .)) (TOP (S (PP-TMP In (NP the nine months)) , (NP-SBJ GM Hughes net) (VP fell (NP-EXT 6.6 %) (PP-DIR to (NP (NP (QP $ 486.6 million) *U*) , or (NP (NP $ 1.48 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 521 million) *U*) , or (NP (NP $ 1.58 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 3.5 %) (PP-DIR to (NP (QP $ 8.47 billion) *U*)) (PP-DIR from (NP (QP $ 8.18 billion) *U*))) .)) (TOP (S (PP-LOC At (NP GMAC)) , (NP-SBJ net) (VP dropped (NP-EXT 3.1 %) (PP-DIR to (NP (QP $ 234.5 million) *U*)) (PP-DIR from (NP (QP $ 241.9 million) *U*))) .)) (TOP (S (NP-SBJ The finance unit) (VP attributed (NP the decline) (PP-CLR to (NP (NP higher borrowing costs) (PP compared (PP with (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ GMAC) (VP said (SBAR 0 (S (NP-SBJ its automotive financing and leasing business) (VP rose (NP-EXT 35 %) (PP-LOC in (NP the U.S.)) , (PP-PRP largely because of (NP (NP dealer and customer incentives) (VP used (NP *) (S-CLR (NP-SBJ *) (VP to (VP boost (NP sales))))))))))) .)) (TOP (S (NP-SBJ-1 GMAC profits) (VP are (VP (VP combined (NP *-1) (PP-CLR with (NP (NP earnings) (PP from (NP (NP the rest) (PP of (NP (NP GM 's) operations))))))) and (VP attributed (NP *-1) (PP-CLR to (NP (NP the company 's) traditional common stock))))) .)) (TOP (S (PP-TMP In (NP the first nine months)) , (NP-SBJ (NP GMAC 's) earnings) (VP fell (NP-EXT 8 %) (PP-DIR to (NP (QP $ 859.5 million) *U*)) (PP-DIR from (NP (QP $ 930.2 million) *U*))) .)) (TOP (S (PP-LOC At (NP EDS)) , (NP-SBJ third-quarter profit) (VP jumped (NP-EXT 16 %) (PP-DIR to (NP (NP a record (QP $ 110.9 million) *U*) , or (NP (NP 93 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 95.9 million) *U*) , or (NP (NP 79 cents) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 12 %) (PP-DIR to (NP (QP $ 1.37 billion) *U*)) (PP-DIR from (NP (QP $ 1.22 billion) *U*))) .)) (TOP (S (PP-TMP In (NP the nine months)) , (NP-SBJ EDS) (VP earned (NP (NP (QP $ 315.8 million) *U*) , or (NP (NP $ 2.62 *U*) (NP-ADV a share)) ,) (ADVP up (NP 13 %) (PP from (NP (NP (QP $ 280.7 million) *U*) , or (NP (NP $ 2.30 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 14 %) (PP-DIR to (NP (QP $ 4.03 billion) *U*)) (PP-DIR from (NP (QP $ 3.54 billion) *U*))) .)) (TOP (S (NP-SBJ (NP Revenue) (PP from (NP non-GM accounts))) (VP was (NP-PRD (NP 45 %) (PP of (NP-TMP (NP EDS 's) total business))) (PP-TMP in (NP the latest nine months)) , (PP compared (PP with (NP (NP 40 %) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ The company) (VP has (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP wants (S (NP-SBJ *-1) (VP to (VP boost (NP non-GM revenue) (PP-DIR to (NP (NP (QP at least 50) %) (PP of (NP its total business)))) (PP-TMP by (NP (NP the end) (PP of (NP 1990)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP William C. Ballard Jr.) , (ADJP (NP 48 years) old) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP this distilled beverages concern)))) , (S-ADV (NP-SBJ *) (VP expanding (NP the board) (PP-DIR to (NP 11 members)))))) .)) (TOP (S (NP-SBJ-1 (NP Alvin W. Trivelpiece) , (NP (NP director) (PP of (NP (NP Oak Ridge National Laboratory) , (NP-LOC (NP Oak Ridge) , (NP Tenn.))))) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP this optical-products concern)))))) .)) (TOP (S (NP-SBJ (NP Mr. Trivelpiece) , (ADJP (NP 58 years) old) ,) (VP succeeds (NP (NP William Bolger) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP died (PP-TMP in (NP August))))))) .)) (TOP (S (PP-LOC In (NP (NP the bidding war) (PP for (NP (NP Public Service Co.) (PP of (NP New Hampshire)))))) , (NP-SBJ United Illuminating Co.) (VP raised (NP its proposed offer) (PP-DIR to (NP (NP one) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP valued (NP *T*-1) (PP-LOC at (NP (QP $ 2.29 billion) *U*))))))) (PP-DIR from (NP (QP $ 2.19 billion) *U*)) , (S-ADV (NP-SBJ *) (ADVP apparently) (VP topping (NP all other bidders)))) .)) (TOP (S (NP-SBJ The bids) (VP remain (ADJP-PRD subject (PP to (NP (NP evaluation) (PP by (NP (NP the federal bankruptcy court) (VP supervising (NP (NP (NP PS) (PP of (NP New Hampshire)) 's) reorganization)))))))) .)) (TOP (S (NP-SBJ They) (VP are (ADVP also) (ADVP-MNR indirectly) (ADJP-PRD subject (PP to (NP (NP approval) (PP by (NP (NP the state) (PP of (NP New Hampshire)) , (SBAR (WHADVP-1 where) (S (NP-SBJ residents) (VP fear (NP (NP soaring rates) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP pay (PP-CLR for (NP (NP the cost) (PP of (NP reorganization)))) (ADVP-MNR *T*-2)))))) (ADVP-LOC *T*-1)))))))))) .)) (TOP (S (NP-SBJ (NP Each) (PP of (NP (NP the four parties) (VP bidding (PP-CLR for (NP (NP PS) (PP of (NP New Hampshire)))))))) (VP (VP proposes (NP (NP a complex financial package) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP satisfy (NP creditors and shareholders))))))) and (VP (ADVP also) proposes (NP (NP a formula) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP limit (NP rate increases) (S-PRP (NP-SBJ *) (VP to (VP satisfy (NP the state))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The new round) (PP of (NP bidding))) (VP would (VP seem (S (NP-SBJ *-1) (VP to (VP complicate (NP the decision making) (PP for (NP (NP Judge James Yacos) , (NP (NP the bankruptcy judge) (VP overseeing (NP the case))) ,)) (SBAR-PRP because (S (NP-SBJ (NP the company 's) (NX (NX stockholders) , (NX unsecured creditors) and (NX regulators))) (NP-ADV each) (VP are (ADVP-TMP currently) (VP backing (NP different plans)))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP some) (PP of (NP the proposals))) (VP are (ADJP-PRD (ADJP so close) , (SBAR that (S (NP-SBJ (NP non-financial issues) (PP such as (NP timing))) (VP may (VP play (NP a (ADJP more important) role))))))) .)) (TOP (S (NP-SBJ-1 The unsecured creditors) (VP agreed (PP-MNR in (NP principle)) (S (NP-SBJ *-1) (VP to (VP support (NP (NP (ADJP New Haven , Conn.-based) United Illuminating 's) new bid))))) .)) (TOP (S (NP-SBJ They) (ADVP-TMP previously) (VP had (VP backed (NP (NP an internal reorganization plan) (VP proposed (NP *) (PP by (NP-LGS (NP PS) (PP of (NP New Hampshire)))))))) .)) (TOP (S (NP-SBJ (NP All) (PP of (NP the bidders))) (VP contemplate (NP (NP full payment) (PP including (NP (NP interest) (PP to (NP secured creditors)))))) .)) (TOP (S (NP-SBJ (NP United Illuminating 's) plan) , (ADVP however) , (VP offers (NP (NP more) (PP for (NP unsecured creditors)))) .)) (TOP (S (NP-SBJ (NP Geoffrey Kalmus) , (NP (NP counsel) (PP to (NP the official creditors committee))) ,) (VP said (SBAR that (S (PP-LOC under (NP the United Illuminating plan)) , (NP-SBJ-1 unsecured creditors) (VP would (VP be (VP paid (NP *-1) (PP-CLR in (NP (NP full credits) and (NP (NP interest) (PP of (NP (QP about $ 855 million) *U*)) , (VP accrued (NP *) (PP-TMP before (NP (NP (NP (NP PS) (PP of (NP New Hampshire)) 's) Jan. 1988 filing) (PP for (NP bankruptcy court protection)))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ they) (VP would (VP receive (NP (NP (QP some $ 200 million) *U*) (PP in (NP (NP payments) (PP for (NP (NP interest) (PP-TMP since (ADVP then))))))))) .)) (TOP (S (NP-SBJ Mr. Kalmus) (VP said (SBAR that (S (PP-TMP by (NP next July)) (NP-SBJ they) (VP would (VP have (VP accrued (NP (NP unpaid interest) (ADJP equal (PP to (NP (QP $ 350 million) *U*)))))))))) .)) (TOP (S (NP-SBJ Other plans) (ADVP generally) (VP would n't (VP pay (NP (NP (NP unsecured creditors ') interest) (VP accrued (NP *) (PP-TMP since (NP the filing)))))) .)) (TOP (S (PP-LOC Under (NP (NP United Illuminating 's) plan)) , (NP-SBJ-1 (NP a new holding company) (SBAR *ICH*-3)) (VP would (VP be (VP formed (NP *-1) (SBAR-3 (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP own (NP the two companies)))))))) .)) (TOP (S (NP-SBJ It) (VP would (VP be (ADJP-PRD (ADJP 72%-owned (PP by (NP United Illuminating holders))) and (ADJP 28%-owned (PP by (NP (NP current holders) (PP of (NP (NAC PS (PP of (NP New Hampshire))) (ADJP preferred and common) stock)))))))) .)) (TOP (S (NP-SBJ (NAC PS (PP of (NP New Hampshire))) preferred holders) (ADVP also) (VP would (VP get (NP (NP certain debentures) and (NP preferred stock)))) .)) (TOP (S (NP-SBJ United Illuminating) (VP said (SBAR 0 (S (NP-SBJ the preferred holders total package) (VP would (VP equal (NP (NP (QP about 60) %) (PP of (NP their claims)))))))) .)) (TOP (S (NP-SBJ-1 Common shareholders) (VP would (VP end (PRT up) (S (NP-SBJ *-1) (VP owning (NP (NP (QP about 6.4) %) (PP of (NP the combined company))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ *) (VP (ADVP previously) reported))) , (NP-SBJ (NP Northeast Utilities) , (NP-LOC (NP Hartford) , (NP Conn.)) ,) (NP-TMP Monday) (VP filed (NP (NP a bid) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP valued (NP *T*-1) (PP-CLR at (NP (QP $ 2.25 billion) *U*))))))) .)) (TOP (S (NP-SBJ-1 That offer) (VP was (VP endorsed (NP *-1) (PP by (NP-LGS the shareholders committee)))) .)) (TOP (S (NP-SBJ (NP The other bidders) , (NP (NP (NP New England Electric System) , (NP-LOC (NP Westboro) , (NP Mass.) ,)) and (NP (NP PS) (PP of (NP New Hampshire)))) ,) (VP did n't (VP change (NP (NP the value) (PP of (NP their bids))) , (SBAR-ADV although (S (NP-SBJ (NP PS) (PP of (NP New Hampshire))) (VP changed (NP its rate proposal)))))) .)) (TOP (S (S (NP-SBJ New England Electric) (VP values (NP its offer) (PP-CLR at (NP (QP $ 2 billion) *U*)))) and (S (NP-SBJ (NP PS) (PP of (NP New Hampshire))) (VP values (NP its reorganization plan) (PP-CLR at (NP (QP $ 2.2 billion) *U*)))) .)) (TOP (S (NP-SBJ The bankruptcy judge) (VP has (VP ruled (SBAR that (S (NP-SBJ-1 federal bankruptcy laws) (VP could (VP be (VP used (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP circumvent (NP state regulation))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP creditors and bidders) (ADVP alike)) (VP concede (SBAR that (S (NP-SBJ the state) (VP plays (NP a major role) (SBAR-PRP because (S (NP-SBJ it) (VP could (ADVP significantly) (VP delay (NP (NP final settlement) (PP of (NP (NP a plan) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP did n't (VP like (NP *T*-1)))))))))))))))) .)) (TOP (S (NP-SBJ The state) (VP has (VP endorsed (NP (NP the New England Electric plan) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP promises (S (NP-SBJ *-2) (VP to (VP limit (NP rate increases) (PP-CLR to (NP (NP 4.8 %) (ADVP-TMP annually))) (PP-TMP for (NP seven years))))))))))) .)) (TOP (S (NP-SBJ (NP Northeast Utilities ') plan) (VP proposes (NP (ADJP 5.5 %) annual increases)) .)) (TOP (S (NP-SBJ-1 (NP PS) (PP of (NP New Hampshire))) (VP amended (NP its plan) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP call (PP-CLR for (NP (NP (NP two years) (PP of (NP (ADJP 5.5 %) rate increases))) (VP followed (NP *) (PP by (NP-LGS (NP five years) (PP of (NP (ADJP 4.5 %) increases))))))))))) .)) (TOP (S (NP-SBJ Fuel cost adjustments) (VP could (VP change (NP the effective rate increases) , (ADVP however))) .)) (TOP (S (ADVP-TMP Previously) (NP-SBJ it) (VP had (VP proposed (NP (NP seven years) (PP of (NP (ADJP 5.5 %) increases))))) .)) (TOP (S (NP-SBJ United Illuminating) (ADVP also) (VP amended (NP its rate plan)) .)) (TOP (S (NP-SBJ The new offer) (VP assumes (NP (NP (QP just five) years) (PP of (NP (ADJP 5.5 %) rate increases)) , (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP followed (NP *-1) (PP by (NP-LGS (NP state-approved increases) (PP-LOC under (NP the usual hearing procedure))))))))))) .)) (TOP (S (ADVP-TMP Previously) (NP-SBJ United Illuminating) (VP had (ADVP also) (VP called (PP-CLR for (NP (NP seven years) (PP of (NP (ADJP 5.5 %) increases)))))) .)) (TOP (S (NP-SBJ The bids and rate proposals) (ADVP generally) (VP assume (SBAR 0 (S (NP-SBJ (NP the Seabrook nuclear power plant) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP completed (NP *-1))))) ,) (VP will (VP go (PP-CLR into (NP operation))))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP the plans))) (VP have (VP reduced (NP bids) (SBAR-PRP in case (S (NP-SBJ-1 the plant) (VP fails (S (NP-SBJ *-1) (VP to (VP get (NP a license) (PP-CLR from (NP the Nuclear Regulatory Commission)))))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange trading)) , (NP-SBJ (NP (NP (NP PS) (PP of (NP New Hampshire)) 's) (QP 17 1) debenture) (ADJP due (NP-TMP 2004))) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 82.50 *U*)) , (ADVP up (NP $ 2 *U*))) .)) (TOP (S (NP-SBJ (NP The utility 's) stock) (VP closed (PP-CLR at (NP (NP $ 4 *U*) (NP-ADV a share))) , (ADVP up (NP 37.5 cents)) , (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the Big Board))))) .)) (TOP (S (PP-LOC In (NP a separate development)) , (NP-SBJ (NP PS) (PP of (NP New Hampshire))) (VP gave (NP 60 managers) (NP (NP severance agreements) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP would (VP pay (NP (NP (QP one to three) years ') salary) (SBAR-ADV if (S (S (NP-SBJ-1 their jobs) (VP were (VP changed (NP *-1)))) or (S (NP-SBJ-2 they) (VP were (VP dismissed (NP *-2)))) (PP-TMP in (NP (NP the wake) (PP of (NP a takeover)))))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ (NP the maximum cost) (PP of (NP the plan))) (VP would (VP be (NP-PRD (QP $ 9.7 million) *U*)))))) .)) (TOP (S (NP-SBJ C. Hyde Tucker) (VP will (VP become (NP-PRD (NP (NP president) and (NP chief executive officer)) (PP of (NP (NP Bell Atlantic International Inc.) , (NP (NP a unit) (PP of (NP this telecommunications concern))) ,))) (ADJP-ADV effective (NP-TMP Jan. 1)))) .)) (TOP (S (NP-SBJ (NP Mr. Tucker) , (ADJP (NP 56 years) old) ,) (VP is (ADVP-TMP currently) (NP-PRD (NP (NP vice president) and (NP chief operating officer)) (PP of (NP (NP Bell Atlantic 's) C&P Telephone unit)))) .)) (TOP (S (NP-SBJ Mr. Tucker) (VP will (VP succeed (NP (NP Salvatore J. Barbera) , (NP 64) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP hold (NP (NP the (ADJP newly created) position) (PP of (NP (NP chairman) (PP of (NP the international unit))))) (PP-TMP until (NP (NP his retirement) (NP-TMP April 1)))))))))) .)) (TOP (S (NP-SBJ Richard Breeden) (VP had n't (VP noticed (SBAR that (S (NP-SBJ his new desk) (VP had (NP (NP (QP just four) telephone lines) and (NP one phone))))))) .)) (TOP (S (NP-SBJ It) (VP was , (PP after (NP all)) , (ADVP only) (NP-PRD (NP his second full day) (PP as (NP (NP chairman) (PP of (NP the Securities and Exchange Commission)))))) .)) (TOP (S But (NP-SBJ (NP the lack) (PP of (NP lines))) (VP became (ADJP-PRD painfully apparent)) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ the stock market) (VP lurched (PP-DIR into (NP a 190-point free fall)) (PP-TMP on (NP Oct. 13))))) , (NP-SBJ Mr. Breeden) (VP found (S (NP-SBJ himself) (VP scurrying (PP-LOC-CLR around (NP (NP the sixth floor) (PP of (NP the SEC)))) -- (PP-DIR from (NP (NP his desk) , (SBAR (WHADVP-2 where) (S (NP-SBJ the New York Stock Exchange) (VP was (PP-LOC-PRD on (NP an open line)) (ADVP-LOC *T*-2)))))) , (PP-DIR to (NP (NP (NP his assistant 's) office) , (SBAR (WHADVP-3 where) (S (NP-SBJ-1 the Commodity Futures Trading Commission) (VP was (VP connected (NP *-1) (ADVP-LOC *T*-3))))))) , (PP-DIR to (NP (NP a third room) , (SBAR (WHADVP-4 where) (S (NP-SBJ a computer) (VP monitored (NP market moves) (ADVP-LOC *T*-4))))))))) .)) (TOP (S-1 (PP With (S-NOM (NP-SBJ other anxious calls) (VP pouring (ADVP-DIR in)))) (PRN , (S (NP-SBJ he) (VP recalls (S *T*-1))) ,) `` (NP-SBJ-2 I) (VP 'd (VP either (VP have (S (NP-SBJ *-2) (VP to (VP disconnect (NP the New York Stock Exchange))))) or (VP go (ADVP out) (PP-DIR to (NP (NP the secretary 's) desk))))) . '')) (TOP (S (NP-SBJ It) (VP wo n't (VP happen (ADVP-TMP again))) .)) (TOP (S (ADVP-TMP Now) (S (NP-SBJ there) (VP are (NP-PRD (NP more lines) (VP connected (NP *) (PP-CLR to (NP (NP the chairman 's) office)))))) , and (S (NP-SBJ-1 the market-monitoring computer) (VP has (VP been (VP moved (NP *-1) (ADVP-DIR next (PP to (NP his desk))))))) .)) (TOP (S (NP-SBJ It) (VP 's all (NP-PRD (NP part) (PP of (NP a new `` command center)))) . '')) (TOP (S (NP-SBJ (NP The changes) (PP-LOC in (NP the office layout))) (VP illustrate (NP (NP (NP Mr. Breeden 's) stance) (PP as (NP (NP the nation 's) top securities regulator)))) .)) (TOP (S (PP Like (NP (NP his predecessor) , (NP David Ruder) ,)) (NP-SBJ-1 he) (VP was (VP faced (NP *-1) (PP-CLR with (NP (NP a crisis) (PP-LOC in (NP the stock markets)))) (PP-TMP soon after (S-NOM (NP-SBJ *-1) (VP coming (PP-DIR into (NP office))))))) .)) (TOP (S But (PP unlike (NP (NP Mr. Ruder) , (SBAR (WHNP-2 who) (S (PP-TMP during (NP the 1987 crash)) (NP-SBJ-4 *T*-2) (VP damaged (NP himself) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP saying (ADVP-MNR rather offhandedly) (SBAR that (S (NP-SBJ-1 the markets) (VP might (VP be (VP closed (NP *-1)))))))))))) ,)) (NP-SBJ-3 Mr. Breeden) (VP is (VP turning (NP the market drop) (PP-CLR to (NP his own advantage)) , (S-ADV (NP-SBJ-5 *-3) (VP using (NP it) (S-CLR (NP-SBJ *-5) (VP to (VP further (NP (NP his agenda) (PP for (NP the SEC)))))))))) .)) (TOP (S (PP-LOC (PP In (NP an interview)) and (PP in (NP congressional testimony))) , (NP-SBJ he) (ADVP repeatedly) (VP points (PP-CLR to (NP (NP (NP the recent 190-point plunge) (PP-LOC in (NP the Dow Jones Industrial Average))) -- (NP the (ADJP second-largest ever)) --)) (PP-CLR as (NP (NP evidence) (PP of (NP the need (SBAR for (S (NP-SBJ Congress) (VP to (VP give (NP the SEC) (NP the ability (S (NP-SBJ *) (VP (VP to (ADVP better) (VP monitor (NP (NP leveraged buy-out loan activity) (PP by (NP brokerage firms))))) and (VP to (VP track (NP big trades) (PP-LOC in (NP the market)))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD (NP A veteran) (PP of (NP (NP another financial crisis) , (NP the savings-and-loan bailout))))) , (NP-SBJ-1 Mr. Breeden) (VP wants (S (NP-SBJ *-1) (VP to (VP have (S (NP-SBJ the SEC) (VP regulate (NP (NP securities) (VP issued (NP *) (PP by (NP-LGS banks and S&Ls)))))))))) .)) (TOP (S (ADVP More broadly) , (NP-SBJ-1 he) (VP wants (S (NP-SBJ-2 *-1) (VP to (VP `` modernize '' (NP regulation) (PP-MNR (PP by (S-NOM (NP-SBJ *-2) (VP eliminating (NP (NP barriers) (PP between (NP (UCP commercial and investment) banking)))))) and (PP by (S-NOM (NP-SBJ *-2) (VP helping (S (NP-SBJ U.S. financial firms) (VP compete (PP-LOC in (NP the global market)))))))))))) .)) (TOP (S (NP-SBJ He) (VP believes (SBAR 0 (S (NP-SBJ the tax code) (VP (VP encourages (NP (NP the use) (PP of (NP (NP debt) (PP instead of (NP stock)))))) and (VP may (VP fuel (NP (NP leveraged buy-outs) , (NP (NP (NP an area) (SBAR (WHNP-1 0) (S (NP-SBJ the SEC) (VP does n't (VP regulate (NP *T*-1) (ADVP-MNR directly)))))) but (NP (NP one) (SBAR (WHADVP-2 where) (S (NP-SBJ it) (VP wields (NP influence) (PP-LOC both (PP on (NP Wall Street)) and (PP in (NP Congress))) (ADVP-LOC *T*-2))))))))))))) .)) (TOP (S (PP (ADVP Also) unlike (NP Mr. Ruder)) , (NP-SBJ-1 Mr. Breeden) (VP appears (S (NP-SBJ *-1) (VP to (VP be (PP-LOC-PRD in (NP (NP a position) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP get (ADVP-LOC-CLR somewhere) (PP with (NP his agenda)) (ADVP-LOC *T*-2))))))))))) .)) (TOP (S (PP As (NP (NP a former White House aide) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP worked (ADVP-MNR closely) (PP-CLR with (NP Congress))))))) , (NP-SBJ he) (VP is (ADJP-PRD savvy (PP in (NP (NP the ways) (PP of (NP Washington)))))) .)) (TOP (S (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (NP-PRD more)))) , (NP-SBJ the coming months) (ADVP likely) (VP will (VP offer (NP him) (NP the opportunity (S (NP-SBJ *) (VP to (VP obtain (NP (NP his own majority) (PP on (NP the five-member commission))))))) , (S (NP-SBJ *) (VP enabling (S (NP-SBJ him) (VP to (VP avoid (NP (NP the dissension) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP frustrated (NP his predecessor)))))))))))) .)) (TOP (S But (NP-SBJ (NP Mr. Breeden) , (NP a 39-year-old securities lawyer) ,) (VP has (VP skirted (NP (NP some) (PP of (NP (NP the heftier issues) (VP facing (NP the financial markets))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ he) (VP has n't (VP stated (NP (NP a clear position) (PP-LOC on (NP (NP high-risk , high-yield junk bonds) , (NP (NP an area) (PP of (NP growing concern)) (SBAR-TMP as (S (NP-SBJ (NP turmoil) (PP-LOC in (NP the junk market))) (VP spills (PRT over) (PP-CLR into (NP stocks))))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP may (VP be (VP waiting (S (NP-SBJ *-1) (VP to (VP see (NP (NP the results) (PP of (NP (NP several pending SEC studies) (PP of (NP (NP junk market liquidity) and (NP disclosure rules)))))))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP has (VP kept (NP a close wrap) (PP-CLR on (NP (NP the names) (PP of (NP (NP people) (PP under (NP (NP consideration) (PP for (NP (NP the crucial post) (PP of (NP (NP (NP enforcement director) (PP-LOC at (NP the commission))) , (NP (NP a job) (RRC (ADJP vacant) (PP-TMP since (NP the summer)))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Breeden 's) selection) (VP will (VP be (VP scrutinized (NP *-1) (PP-CLR as (NP (NP an important signal) (PP about (NP (NP the strength) (PP of (NP (NP his commitment) (PP to (S-NOM (NP-SBJ *) (VP continuing (NP (NP (NP the SEC 's) high-profile pursuit) (PP of (NP (NP (NP insider trading) and (NP market manipulation)) (PP-LOC on (NP Wall Street))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Congress) (VP seems (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP let (S (NP-SBJ the new chairman) (VP have (NP his way) (PP-TMP for (NP a while))))))))) .)) (TOP (S (S (NP-SBJ (NP Members) (PP of (NP the Senate Banking Committee))) (VP know (NP Mr. Breeden) (PP-MNR from (S-NOM (NP-SBJ *) (VP working (PP-CLR on (NP the thrift-bailout bill))))))) , and (S (NP-SBJ the relationship) (ADVP generally) (VP remains (ADJP-PRD warm))) .)) (TOP (S (ADVP Indeed) , (PP-TMP during (NP (NP Mr. Breeden 's) confirmation hearing)) (NP-TMP last month) , (NP-SBJ senators) (VP asked (NP-1 him) (S (NP-SBJ *-1) (VP to (VP introduce (NP his children)))) (NP-TMP (NP three separate times) -- (ADVP (ADVP more often) (SBAR than (S (NP-SBJ they) (VP asked (PP-CLR about (NP (NP his qualifications) (PP for (NP the job)))))))))) .)) (TOP (S (NP-TMP These days) , (NP-SBJ Mr. Breeden) (VP is (VP winning (NP praise) (PP-LOC (PP in (NP Washington)) and (PP on (NP Wall Street))) (PP for (NP (NP his behind-the-scenes role) (PP-LOC in (S-NOM (NP-SBJ *) (VP monitoring (NP (NP the Friday-the-13th market plunge) and (NP (NP the following Monday 's) harrowing morning session))))))))) .)) (TOP (S (PP As (NP (NP a regulator) (VP charged (NP-2 *) (PP-CLR with (S-NOM (NP-SBJ *-2) (VP restoring (NP investor confidence))))))) , (NP-SBJ-1 Mr. Breeden) (VP (VP avoided (S (NP-SBJ *-1) (VP making (NP market-jarring comments)))) and (VP worked (S (NP-SBJ *-1) (VP to (VP gather (NP (NP information) (ADJP critical (PP (PP to (NP Wall Street)) and (PP to (NP other government agencies)))))))))) .)) (TOP (S (NP-SBJ Not everyone) (VP has (VP jumped (PP-CLR on (NP the Breeden bandwagon)) , (ADVP however))) .)) (TOP (S (NP-SBJ (NP Some) (PP-LOC in (NP Washington))) (VP contend (SBAR that (S (NP-SBJ it) (VP 's (ADVP-TMP-PRD too soon (S (NP-SBJ *) (VP to (VP tell (SBAR whether (S (NP-SBJ Mr. Breeden) (VP will (VP help or hinder (NP the SEC))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ this) (VP was (NP-PRD a real test))))))) , '' (VP says (S *T*-1)) (NP-SBJ one congressional aide) .)) (TOP (S `` (S (NP-SBJ It) (VP was (NP-PRD a (ADJP fairly stressful) weekend))) , but (S (NP-SBJ my sense) (VP is (SBAR-PRD 0 (S (SBAR-ADV if (S (NP-SBJ you) (VP had n't (VP had (NP Richard Breeden) (ADVP-LOC there))))) , (NP-SBJ it) (VP would n't (VP have (VP made (NP (NP much) (PP of (NP a difference)))))))))) . '')) (TOP (S (PP For (NP (NP some) (PP-LOC at (NP (NP the SEC) , (NP (NP an agency) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP covets (NP its independence))))))))) , (NP-SBJ Mr. Breeden) (VP may (VP be (NP-PRD (NP too much) (PP of (NP a Washington insider))))) .)) (TOP (S (NP-SBJ They) (VP note (SBAR that (S (NP-SBJ he) (VP has (VP adorned (NP his office) (PP with (NP (NP (NP five photos) (PP of (NP George Bush))) , (NP (NP one) (PP of (NP them)) (VP featuring (NP (NP the First Dog) , (NP Millie))))))))))) .)) (TOP (S (NP-SBJ They) (VP worry (SBAR that (S (NP-SBJ Mr. Breeden) (ADVP also) (VP will (VP roll (PRT over) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 *) (VP told (NP-3 *-2) (S (NP-SBJ *-3) (VP to (VP do (ADVP-PRD so)))) (PP by (NP-LGS the White House)) (ADVP-TMP *T*-1))))))))) .)) (TOP (S But (NP-SBJ Mr. Breeden) (ADVP-TMP already) (VP has (VP shown (NP an eagerness (S (NP-SBJ *) (VP to (VP run (NP the SEC) (NP-MNR his way))))))) .)) (TOP (S (PP-TMP During (NP the Monday market rebound)) , (NP-SBJ a New York exchange spokesman) (VP told (NP Cable News Network viewers) (SBAR that (S (NP-SBJ the industrial average) (VP had (VP turned (ADVP-CLR down (NP 70 points))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-3) (VP Stunned (NP *-2))) , (NP-SBJ-3 Mr. Breeden) (VP turned (PP-CLR to (NP (NP his market-monitoring computer) , (SBAR (WHNP-1 which) (S (PP-TMP by (ADVP then)) (NP-SBJ *T*-1) (VP was (ADVP-LOC-PRD next (PP to (NP his desk))))))))) .)) (TOP (S (NP-SBJ It) (VP showed (NP the DJIA) (ADVP-CLR up (NP 30 points))) .)) (TOP (S (NP-SBJ SEC staffers) (ADVP-TMP soon) (VP determined (SBAR that (S (NP-SBJ (NP a (ADJP widely watched) stock-market service) , (NP Quotron) ,) (VP had (VP miscalculated (NP the industrial average)))))) .)) (TOP (S (NP-SBJ Mr. Breeden) (VP instructed (NP-1 SEC staffers) (S (NP-SBJ *-1) (VP to (VP inform (NP the network) (SBAR that (S (NP-SBJ it) (VP was (VP airing (NP the wrong number))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ It) (VP was (NP-PRD (NP the plunge) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP did n't (VP happen))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ-1 Mr. Breeden) (ADVP also) (VP is (VP trying (S (NP-SBJ-2 *-1) (VP to (VP use (NP (NP a (ADJP (ADVP far more) catastrophic) event) -- (NP the California earthquake) --) (S-CLR (NP-SBJ *-2) (VP to (VP move (NP another rule change) (PP-DIR past (NP Congress)))))))))) .)) (TOP (S (NP-SBJ That disaster) (VP closed (NP (NP the Pacific Stock Exchange 's) stock options-trading operation) , (S-ADV (NP-SBJ *) (VP forcing (S (NP-SBJ-1 those options) (VP to (VP be (VP switched (NP *-1) (PP-CLR to (NP other exchanges)) (ADVP-TMP temporarily)))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ *-1) (ADJP-PRD obscure (PP to (NP most investors))))) , (NP-SBJ-1 (NP the question) (PP of (SBAR whether (S (NP-SBJ *) (VP to (VP list (NP options) (PP-LOC-CLR on (NP (QP more than one) exchange)))))))) (VP has (VP aroused (NP much interest) (PP-LOC in (NP Congress)) , (SBAR-PRP mainly because (S (NP-SBJ regional exchanges) (VP fear (SBAR 0 (S (NP-SBJ the change) (VP could (VP bankrupt (NP them)))))))))) .)) (TOP (S (NP-SBJ Congressmen) (VP raised (NP the issue) (NP-TMP yesterday) (PP-LOC at (NP a hearing))) .)) (TOP (S (NP-SBJ-1 Mr. Breeden) , (S-ADV (NP-SBJ *-1) not (VP missing (NP a chance (S (NP-SBJ *) (VP to (VP press (NP his agenda))))))) , (VP cited (NP the earthquake)) .)) (TOP (S-1 (NP-SBJ That event) (PRN , (S (NP-SBJ he) (VP contended (SBAR 0 (S *T*-1)))) ,) (VP (ADVP-MNR simply) shows (NP (NP the `` vulnerability '') (PP of (S-NOM (NP-SBJ *) (VP having (NP listings) (PP-LOC on (NP (QP only one) exchange))))))) .)) (TOP (SINV (PP-LOC-CLR-TPC-1 In (NP (NP a corner) (PP of (NP the cavernous , new Nippon Convention Center)))) (VP sits (PP-LOC-CLR *T*-1)) (NP-SBJ (NP Mazda Motor Corp. 's) advanced-technology display) .)) (TOP (NP (NP The highlight) : (NP a `` fragrance control system) . '')) (TOP (S (PP-MNR With (NP (NP the touch) (PP of (NP a button)))) , (NP-SBJ drivers) (VP can (VP choose (PP-CLR from (NP lavender , jasmine , mint or perfume scents)) , (S-ADV (NP-SBJ-1 all) (VP blown (NP *-1) (ADVP-DIR in) (PP through (NP (NP the car 's) air-conditioning system)))))) .)) (TOP (S (S (S-TPC-1 (NP-SBJ The soft , wafting aromas) (VP will `` (VP improve (NP ride comfort)))) , '' (NP-SBJ the display) (VP attests (SBAR 0 (S *T*-1)))) , and (S (NP-SBJ a proud employee) (VP says (SBAR 0 (S (NP-SBJ-2 Mazda) (VP hopes (S (NP-SBJ *-2) (VP to (VP move (NP the system) (PP-DIR (PP out (PP of (NP the lab))) and (PP into (NP its cars))) (PP-TMP in (NP a year (QP or two))))))))))) .)) (TOP (S (NP-SBJ *) (VP Welcome (PP-CLR to (NP the 28th Tokyo Motor Show)) .))) (TOP (S (ADVP-LOC Here) (NP-SBJ you) (VP can (VP find (NP (NP (NP Mitsubishi Motors Corp.) (VP displaying (NP (NP a `` live fish transporter) , '' (NP (NP a truck) (ADJP akin (PP to (NP (NP an aquarium) (PP on (NP wheels)))))) ,))) and (NP (NP Nissan Motor Co.) (PP with (NP (NP its `` keyless '' Boga) , (SBAR (WHNP-1 whose doors) (S (NP-SBJ-2 *T*-1) (VP unlock (PP-TMP upon (S-NOM (NP-SBJ *-2) (VP recognizing (NP (NP the owner 's) fingerprints))))))))))))) .)) (TOP (S (NP-SBJ (NP Suzuki Motor Co. 's) Escudome sport vehicle) (VP (VP features (NP a pop-out rear tent)) and (VP invites (NP-1 drivers) (S (NP-SBJ *-1) (VP to (VP go `` (ADVP-CLR back (PP to (NP the nature)))))))) . '')) (TOP (S But (NP-SBJ (NP this biennial event) , (NP (NP (NP the world 's) largest display) (PP of (NP cars and trucks))) ,) (VP has (NP (NP its serious side) , (PP including (NP (NP the first major exhibitions) (PP of (NP (NP future engines) and (NP vehicle-suspension systems))))))) .)) (TOP (S (S (NP-SBJ It) (VP 's (ADVP also) (NP-PRD (NP the prime showcase) (PP for (NP (NP a country) (SBAR (WHNP-1 (WHNP whose world dominance) (PP-LOC in (NP the industry))) (S (NP-SBJ-3 *T*-1) (VP is (VP (ADVP increasingly) acknowledged (NP *-3)))))))))) , and (SINV (ADVP-LOC-CLR-TPC-2 therein) (VP lies (ADVP-LOC-CLR *T*-2)) (NP-SBJ the draw)) .)) (TOP (S (S (NP-SBJ (NP Even the biggest auto shows) (PP-LOC in (NP the U.S.))) (VP are (NP-PRD (ADJP largely regional) affairs))) , but (S (NP-SBJ the Tokyo show) (VP is (ADJP-PRD international))) .)) (TOP (S (NP-SBJ (NP Virtually every automotive analyst) (PP-LOC in (NP New York))) (VP showed (PRT up)) .)) (TOP (S (NP-SBJ-1 Detroit-to-Tokyo flights) (VP were (VP booked (NP *-1) (ADVP-CLR solid) (NP-TMP this week) (SBAR-ADV as (S (NP-SBJ-2 (NP Motor City executives) , (PP including (NP (NP Ford Motor Co. Chairman Donald E. Petersen) and (NP Chrysler Corp. Vice Chairman Gerald Greenwald))) ,) (VP flocked (S (NP-SBJ *-2) (VP to (VP see (NP the future))))))))) .)) (TOP (S (NP-SBJ-1 Even the Soviet Union) (VP came , (PP-TMP for (NP (NP the first time) (PP-TMP in (NP 24 years)))) , (S-PRP (NP-SBJ *-1) (VP to (VP show (PRT off) (NP (NP its Lada Niva sedan) and (NP its futuristic dark-blue `` Kompakt '' model)))))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-3 Here) (VP 's (ADVP-LOC-PRD *T*-3)) (NP-SBJ (NP a firsthand look) (PP at (SBAR-NOM (SBAR (WHNP-1 what) (S (NP-SBJ the Japanese hosts) (VP sported (NP *T*-1)))) , and (SBAR (WHNP-2 what) (S (NP-SBJ the foreign visitors) (VP saw (NP *T*-2))))))) .)) (TOP (NP-HLN New Technology)) (TOP (S (NP-SBJ The hottest displays) (VP were (NP-PRD (NP items) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP insulate (NP passengers) (PP-CLR from (NP (NP bumps) , (NP potholes) and (NP (NP other rigors) (PP of (NP the road)))))))))) .)) (TOP (S (NP-SBJ These `` active suspension systems '') (VP (VP (ADVP-MNR electronically) sense (NP road conditions)) and (VP adjust (NP (NP a car 's) ride))) .)) (TOP (S (S (NP-SBJ-1 Existing suspension systems) (VP try (S (NP-SBJ *-1) (VP to (VP absorb (NP bounces)))))) , but (S (NP-SBJ active suspension) (VP provides (NP power) (S-PRP (NP-SBJ *) (VP to (VP counter (NP the jolts)))))) .)) (TOP (S (NP-SBJ Nissan) , (PP-LOC in (NP a 34-page tract)) , (VP (VP (ADVP-MNR modestly) compares (NP its `` hydraulic active suspension '') (PP-CLR to (NP a cheetah))) , and (VP equates (NP the various parts) (PP-CLR to (NP (NP the animal 's) (NX (NX heart) , (NX brain) , (NX nerves) and (NX blood vessels)))))) .)) (TOP (S (NP-SBJ Toyota Motor Corp.) (ADVP-MNR grandly) (VP touted (NP its system) (PP-LOC in (NP (NP a car) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP splits (PP-CLR in (NP half)) (S-PRP-CLR (NP-SBJ *) (VP to (VP reveal (NP (NP the suspension 's) inner workings)))))))))) .)) (TOP (S (S (NP-SBJ Nissan) (VP says (SBAR 0 (S (NP-SBJ it) (VP will (VP introduce (NP its first system) (NP-TMP next month) (PP-LOC on (NP the Infiniti Q45 luxury sedan)))))))) , and (S (NP-SBJ (NP Toyota 's) Celica coupe) (VP will (VP go (PP-CLR on (NP sale)) (PP with (NP the suspension device)) (NP-TMP next spring)))) .)) (TOP (S (S But (NP-SBJ (NP drivers) (PP-LOC in (NP the U.S.))) (VP must (VP wait))) : (S (NP-SBJ The Japanese) , (PP-TMP for (ADVP now)) , (VP are (VP keeping (NP active suspension) (PP-CLR for (NP domestic use)) (ADVP only)))) .)) (TOP (S And (NP-SBJ (NP Detroit 's) Big Three auto makers) (VP say (SBAR 0 (S (NP-SBJ their systems) (VP are (ADVP still) (PP-PRD under (NP development)))))) .)) (TOP (S (PP-LOC In (NP the engine department)) , (NP-SBJ several companies) (VP displayed (NP (NP experimental models) (SBAR (WHNP-1 that) (S (PP-TMP within (NP a decade)) (NP-SBJ *T*-1) (VP (VP could (VP provide (NP (NP power) (ADJP equal (PP to (NP (NP today 's) engines)))))) and yet (VP take (PRT up) (NP (QP only half) the space) , (S-ADV (NP-SBJ *) (VP allowing (PP-CLR for (NP shorter hoods)))))))))) .)) (TOP (S (PP-LOC In (NP (NP the so-called two-stroke engines) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP are (VP expected (S (NP-SBJ *-2) (VP to (VP get (NP (ADJP sharply higher) gas mileage)))))))))) , (NP-SBJ each piston) (VP goes (ADVP-DIR up and down) (ADVP-TMP only once) (S-PRP (NP-SBJ *) (VP to (VP provide (NP power))))) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ (NP the pistons) (PP-LOC in (NP conventional four-stroke engines))) (VP must (VP move (ADVP-DIR up and down) (ADVP-TMP twice) (PP-LOC in (NP each power cycle)))) .)) (TOP (S (NP-SBJ (NP The two-stroke engine displays) (PP by (NP (NP Toyota) and (NP (NP Fuji Heavy Industries) , (NP (NP the maker) (PP of (NP Subaru cars))) ,)))) (VP drew (NP (NP plenty) (PP of (NP interest))) (PP-CLR from (NP (NP U.S. auto executives) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP are (VP rushing (S (NP-SBJ *-2) (VP to (VP develop (NP two-stroke engines))))))))))) .)) (TOP (S (NP-SBJ Honda Motor Co.) (VP shows (NP a (ADJP more conventional) five-cylinder engine) (PP-LOC in (NP (NP the new Accord Inspire model) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP made (NP its debut) (NP-TMP just this month) -- (PP-LOC in (NP Japan)) (ADVP only))))))) .)) (TOP (S (NP-SBJ Honda) (VP says (SBAR 0 (S (NP-SBJ the five-cylinder engine) (VP provides (NP (NP a compromise) (PP between (NP (NP (NP the fuel-economy) (PP of (NP a four-cylinder))) , and (NP (NP the power) (PP of (NP a V-6)))))))))) .)) (TOP (S (S (NP-SBJ-2 It) (VP is (VP rumored (S (NP-SBJ-1 *-2) (VP to (VP be (VP bound (NP *-1) (PP-CLR for (NP (NP a new model) (PP-LOC in (NP (NP the luxury Acura line) (PP-LOC in (NP the U.S.))))))))))))) , but (S (NP-SBJ Honda officials) (VP would n't (VP comment))) .)) (TOP (NP-HLN (NP Odd Cars) , (NP Funny Names))) (TOP (S (S (NP-SBJ There) (VP 's (NP-PRD (NP plenty) (PP of (NP whimsy))) (ADVP-LOC here))) , but (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is n't (ADVP-TMP always) (ADJP-PRD clear) (SBAR-1 whether (S (NP-SBJ it) (VP 's (ADJP-PRD intentional)))))) .)) (TOP (S (NP-SBJ (NP The show 's) symbol) (VP is (NP-PRD (NP (NP a woman) (VP riding (PP-LOC-CLR on (NP a snail)))) (PRN , not (NP (NP your usual metaphor) (PP for (NP speed and agility)))))) .)) (TOP (S (S But (NP-SBJ the sponsors) (VP have (NP an explanation))) : `` (S-1 (PP-MNR Through (NP (NP the character) (VP associated (NP *) (PP with (NP a snail))))) (PRN , '' (S (NP-SBJ they) (VP say (S *T*-1))) ,) `` (NP-SBJ-2 (NP important values) (PP such as (NP (NP (NP harmony) (PP with (NP nature))) and (NP (NP aspirations) (PP for (NP the future)))))) (VP are (VP sought (NP *-2)))) . '')) (TOP (S (S (NP-SBJ-1 Japanese auto makers) (VP are (VP known (NP-3 *-1) (PP-CLR for (S-NOM (NP-SBJ *-3) (VP coming (PRT up) (PP-CLR with (NP funny names)))))))) , but (S (NP-TMP this year) (NP-SBJ-2 the practice) (VP seems (S (NP-SBJ *-2) (VP to (VP have (VP reached (NP a new high -- or low))))))) .)) (TOP (S (NP-SBJ Honda) (VP has (NP (NP (NP a tiny motorcycle) (VP called (S (NP-SBJ *) (NP-PRD the Monkey)))) , and (NP (NP a (ADJP slightly larger) cousin) , (NP the Gorilla)))) .)) (TOP (S (NP-SBJ Mitsubishi) (VP has (NP (NP a futuristic delivery truck) (VP called (S (NP-SBJ *) (NP-PRD the Guppy))))) .)) (TOP (S (NP-SBJ Mazda) (VP has (NP (NP the Bongo truck) and (PRN , (PP-LOC under (NP its Autozam nameplate)) ,) (NP (NP a `` microvan '') (VP called (S (NP-SBJ *) (NP-PRD the Scrum)))))) .)) (TOP (S (NP-SBJ-1 Its buglike Carol minicar) (VP is `` (VP designed (NP *-1) (PP-MNR with (NP softness , gentleness and warmheartedness)))) . '')) (TOP (S But (NP-SBJ-1 the court jester) (VP appears (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP (NP Japan 's) smallest car maker) , (NP Daihatsu Motor Co)))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP its futuristic concepts))) (VP is (NP-PRD (NP the bubblelike Sneaker) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP seats (NP (QP just one) person) (PP-LOC-CLR in (NP front))) and (VP could (VP hold (NP a (NX (NX small child) and (NX (NX bag) (PP of (NP groceries))))) (PP-LOC-CLR in (NP the rear))))))))) .)) (TOP (S (NP-SBJ Daihatsu) (ADVP also) (VP has (NP (NP the Fellow 90) , (NP the Leeza Spider) and (NP the Hijet Dumbo))) .)) (TOP (S (NP-SBJ The jokes) (VP are n't (ADVP just) (PP-PRD on (NP the Japanese)) , (ADVP though)) .)) (TOP (S (NP-SBJ (NP Regie Nationale des Usines Renault) , (NP the French auto maker) ,) (VP has (NP (NP a concept car) (VP called (S (NP-SBJ *) (NP-PRD the Megane))))) .)) (TOP (S (S (NP-SBJ-1 The name) (VP is (VP supposed (S (NP-SBJ *-1) (VP to (VP connote (NP feminine grandeur))))))) , but (S (PP in (NP Japanese)) (NP-SBJ it) (VP means `` (NP eyeglasses))) . '')) (TOP (NP-HLN Foreign Presence)) (TOP (S (NP-SBJ Foreign auto makers) (VP are (VP taking (NP the Tokyo Motor Show) (ADVP-MNR (ADVP more seriously) (PP than (ADVP-TMP ever))))) .)) (TOP (S (NP-SBJ AB Volvo) (VP invites (NP-3 passers-by) (S (NP-SBJ-4 *-3) (VP to (VP play `` (NP (NP the role) (PP of (NP the test dummy))) '' (PP-MNR by (S-NOM (NP-SBJ *-4) (VP hopping (PP-DIR in (NP (NP a car) (SBAR (WHNP-1 that) (S (NP-SBJ-5 *T*-1) (VP simulates (NP a crash) (S-PRP (NP-SBJ *-5) (VP to (VP show (SBAR (WHADVP-2 just how) (S (NP-SBJ its seat-belt tightener) (VP works (ADVP-MNR *T*-2))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Hyundai Motor Co.) (PP of (NP South Korea))) (VP has (NP (NP its first-ever exhibit) (PP-LOC in (NP Tokyo)))) .)) (TOP (S (S (NP-SBJ General Motors Corp.) (VP is (VP sponsoring (NP (NP its first independent display) (PP-TMP in (NP 10 years)))))) , and (S (NP-SBJ it) (VP includes (NP (NP a boxy Buick station wagon) (PP with (NP wood-grain side panels))))) .)) (TOP (S (NP-SBJ Ford and Chrysler) (ADVP also) (VP have (NP exhibits) , (SBAR-ADV although (S (NP-SBJ-1 theirs) (VP are (VP tucked (NP *-1) (PP-LOC-CLR in (NP (NP a separate room) (PP with (NP the less-popular automotive parts section))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 We) (VP 've (VP got (S (NP-SBJ *-1) (VP to (VP (VP get (PP-CLR out (PP of (NP the Detroit mentality)))) and (VP be (NP-PRD (NP part) (PP of (NP the world mentality)))))))))) , '' (VP declares (S *T*-2)) (NP-SBJ-3 (NP Charles M. Jordan) , (NP (NP (NP GM 's) vice president) (PP for (NP design))) ,) (PP-LOC in (S-NOM (NP-SBJ *-3) (VP explaining (NP (NP his pilgrimage) (PP to (NP the Tokyo Show)))))) .)) (TOP (S (ADVP Even so) , (NP-SBJ-1 traditional American cockiness) (VP is n't (VP (ADVP terribly) endangered (NP *-1))) .)) (TOP (S (NP-SBJ Ford officials) , (PP for (NP example)) , (VP crowed (PP-CLR about (NP their first-ever Tokyo Grand Prix racing victory))) .)) (TOP (S (ADVP True) , (NP-SBJ-1 Ford) (VP was (VP declared (S (NP-SBJ *-1) (NP-PRD the winner)) (NP-TMP Sunday) , but (SBAR-TMP only after (S (NP-SBJ-2 (NP the Honda driver) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP crossed (NP the finish line) (ADVP-TMP first))))) (VP was (VP disqualified (NP *-2) (SBAR-PRP because (S (NP-SBJ it) (VP (VP hit (NP another car)) and (VP skid (ADVP-TMP momentarily) (PP-DIR out (PP of (NP bounds))))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Jordan) (PP of (NP GM))) , (ADVP-TMP meanwhile) , (ADVP still) (VP criticizes (NP Japanese styling)) .)) (TOP (S-2 `` (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD hard) (PP for (NP the Japanese)) (PRN , '' (S (NP-SBJ he) (VP says (S *T*-2))) ,) `` (S-1 (NP-SBJ *) (VP (VP to (VP get (NP a feeling) (PP-LOC-CLR in (NP a car)))) , (VP to (VP get (NP a passion) (PP-LOC-CLR in (NP a car)))) , (VP to (VP get (NP emotion) (PP-LOC-CLR in (NP a car))))))) .)) (TOP (FRAG (S-ADV (NP-SBJ *) (VP Regarding (NP (NP your Sept. 28 Politics & Policy column) (PP on (NP (NP the party differences) (PP over (S-NOM (NP-SBJ *) (VP (VP cutting (NP capital gains)) or (VP expanding (NP IRAs)))))))))) : (FRAG (WHADVP Why not) (VP (VP compromise (ADVP-TMP now)) and (VP save (NP the public) (PP-CLR from (NP (NP the coming infantile congressional political rhetoric) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP seems (S (NP-SBJ *-2) (VP to (VP go (NP-MNR-CLR (NP hand) (PP in (NP hand))) (PP-CLR with (NP the process))))))))))))) ?)) (TOP (S (NP-SBJ The Republicans) (VP maintain (SBAR that (S (NP-SBJ a (ADJP 30 %) capital-gains exclusion) (VP will (VP (VP raise (NP revenue) (PP-TMP in (NP the short term))) and (VP spur (NP economic investment)))))) , (SBAR-ADV while (S (NP-SBJ the Democrats) (VP maintain (SBAR that (S (NP-SBJ (NP (NP an increase) (PP-LOC in (NP the top income-tax rate))) and (NP expanded IRAs)) (VP will (VP (VP raise (NP revenue)) and (VP spur (NP savings)))))))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP a classic example) (PP of (NP (NP the old saying) , `` (S (NP-SBJ The whole) (VP is (ADJP-PRD (ADJP greater) (PP than (NP (NP the sum) (PP of (NP its parts))))))))))) . '')) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP 's (ADJP-PRD ridiculous) (SBAR-2 for (S (NP-SBJ (NP a family) (PP with (NP (NP taxable income) (PP of (NP $ 50,000 *U*))))) (VP to (VP pay (NP the same (ADJP 28 %) incremental tax rate) (PP as (NP (NP a family) (PP with (NP (NP taxable income) (PP of (NP $ 250,000 *U*))))))))))) .)) (TOP (S (NP-SBJ The (ADJP 33 %) bracket) (VP should (VP apply (PP-CLR to (NP (NP (NP all income) (PP-LOC over (NP the applicable level))) , not (NP just the (ADJP 5 %) rate adjustment amount))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-2)) (VP 's (ADJP-PRD equally ridiculous) (S-2 (NP-SBJ *) not (VP to (VP provide (NP a (UCP capital investment or retirement-savings) tax incentive))))) .)) (TOP (NP Jeffrey T. Schmidlin)) (TOP (S (NP-SBJ PWA Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP sell (PP-TMP by (NP spring 1992)) (NP (NP (QP all 15) passenger planes) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP acquired (NP *T*-2) (NP-TMP earlier this year) (PP-LOC in (NP (NP its (ADJP (ADJP (QP 248 million) Canadian dollar) (PRN -LRB- (ADJP (QP US$ 211.6 million) *U*) -RRB-)) purchase) (PP of (NP Wardair Inc))))))))))))))) .)) (TOP (S (NP-SBJ (NP PWA) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP recently) (VP merged (NP (NP Wardair 's) operations) (PP-CLR with (NP (NP those) (PP of (NP (NP PWA-owned Canadian Airlines International Ltd.) , (NP (NP Canada 's) second-biggest airline)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ the proposed sale) (VP is (NP-PRD (NP part) (PP of (NP (NP a revised five-year plan) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP (VP streamlining (NP its fleet)) and (VP shedding (NP debt))))))))))))) .)) (TOP (S (NP-SBJ PWA) (VP would n't (VP estimate (NP (NP the value) (PP of (NP (NP (NP Wardair 's) aircraft) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP include (NP (NP 12 Airbus A310-300s) and (NP three Boeing 747-100s)))))))))) .)) (TOP (S But (NP-SBJ (NP James Ireland) , (NP (NP a Miami-based technical analyst) (PP with (NP (NP Avmark Inc.) , (NP an aircraft evaluation firm)))) ,) (VP estimated (NP (NP the total `` half-life '' value) (PP of (NP the 15 planes))) (PP-LOC at (NP (QP about $ 650 million or more) *U*))) .)) (TOP (S (NP-SBJ Mr. Ireland) (VP said (SBAR 0 (S (NP-SBJ (NP 11 DC10-30 aircraft) (SBAR (WHNP-1 that) (S (NP-SBJ PWA) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP plans (S (NP-SBJ *-2) (VP to (VP sell (NP *T*-1)))) , (S-TMP (NP-SBJ *) (VP beginning (PP-TMP-CLR in (NP 1992)))) ,))))))) (VP have (NP (NP a current half-life value) (PP of (NP (NP (NP (QP about $ 34 million) *U*) (NP-ADV each)) , or (NP a total (QP $ 374 million) *U*)))) , (S-ADV (NP-SBJ *) (VP raising (NP (NP aggregate potential proceeds) (PP from (NP the aircraft sale))) (PP-DIR to (NP (QP about $ 1.02 billion) *U*)))))))) .)) (TOP (S (NP-SBJ Mr. Ireland) (VP said (SBAR 0 (S (NP-SBJ (NP current demand) (PP for (NP used aircraft))) (VP is (ADJP-PRD strong) , (SBAR-PRP partly because (S (NP-SBJ (NP surging orders) (PP for (NP new aircraft))) (VP have (VP lengthened (NP waiting lists))))))))) .)) (TOP (S (NP-SBJ He) (VP predicted (SBAR that (S (NP-SBJ-1 PWA) (VP would (VP have (NP (NP little difficulty) (S-NOM (NP-SBJ *-1) (VP attracting (NP prospective buyers))))))))) .)) (TOP (S (PP-LOC Under (NP its revised fleet plan)) , (NP-SBJ PWA) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (ADVP also) (VP (VP increase (NP (NP its existing fleet) (PP of (NP eight Boeing 767-300ER aircraft))) (PP-DIR to (NP 18)) (PP-TMP by (NP 1994))) , and (VP add (NP (QP four more) Boeing 747-400s) (PP-TMP by (NP 1994)) (PP-CLR to (NP (NP the two units) (SBAR (WHNP-1 that) (S (NP-SBJ-2 it) (ADVP-TMP previously) (VP planned (S (NP-SBJ *-2) (VP to (VP add (NP *T*-1) (PP-TMP by (NP next year)))))))))))))))) .)) (TOP (S (NP-SBJ PWA) (VP said (SBAR 0 (S (NP-SBJ-1 (NP two) (PP of (NP (NP the Boeing 767-300ER aircraft) (VP scheduled (NP *) (PP-CLR for (NP delivery)) (PP-TMP in (NP 1990)))))) (VP would (VP be (VP leased (NP *-1) (PRT out) (PP-TMP for (NP (QP two to five) years)))))))) .)) (TOP (S (S (NP-SBJ PWA) (VP did n't (VP disclose (NP (NP the expected net cost) (PP of (NP the fleet overhaul)))))) , but (S (NP-SBJ a Toronto-based analyst) (VP estimated (NP it) (PP-CLR at (NP (NP (QP about $ 450 million) *U*) (PRN -LRB- (NP US) -RRB-) , (PP excluding (NP (NP (NP replacement costs) (PP for (NP (NP the 11 DC10-30 aircraft) (SBAR (WHNP-1 that) (S (NP-SBJ-2 PWA) (VP plans (S (NP-SBJ *-2) (VP to (VP sell (NP *T*-1)))))))))) , and (NP (NP purchase costs) (PP for (NP (NP (QP as many as 17) Airbus 320-200 aircraft) (SBAR (WHNP-3 that) (S (NP-SBJ PWA) (ADVP-TMP previously) (VP ordered (NP *T*-3))))))))))))) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP see (NP this) (PP-CLR as (NP a debt reduction exercise)))) .)) (TOP (S (S-TPC-1 (NP-SBJ It) (VP 's (VP focused (PP-CLR on (S-NOM (NP-SBJ *) (VP streamlining '' (NP (NP PWA 's) fleet) (PP-PRP in (NP a bid (S (NP-SBJ *) (VP to (VP cut (NP training and aircraft servicing costs)))))))))))) , (NP-SBJ the analyst) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP PWA 's) long-term debt and capital lease obligations) (VP rose (PP-DIR to (NP (NP (NP (QP C$ 1.24 billion) *U*) (PP-TMP at (NP (NP the end) (PP of (NP the second quarter))))) , (NP (QP nearly double) the year-earlier figure))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP debt) (VP absorbed (NP *) (PP-LOC under (NP the Wardair purchase))))))) .)) (TOP (S (NP-SBJ PWA) (VP said (SBAR 0 (S (NP-SBJ-1 it) (ADVP also) (VP expects (S (NP-SBJ *-1) (VP to (VP announce (PP-TMP by (NP Tuesday)) (SBAR whether (S (NP-SBJ it) (VP will (VP take (NP (NP delivery) (PP of (NP (NP (QP all 17) Airbus 320-200 aircraft) (SBAR (WHNP-2 0) (S (NP-SBJ it) (ADVP-TMP previously) (VP ordered (NP *T*-2)))))))))))))))))) .)) (TOP (S (NP-SBJ-2 The first five leased units) (VP were (S (NP-SBJ-1 *-2) (VP to (VP be (VP delivered (NP *-1) (PP-TMP in (NP 1991))))))) .)) (TOP (S (NP-SBJ (NP (NP This British (UCP banking and financial-services) group 's) investment-banking arm) , (NP Barclays de Zoete Wedd Group) ,) (VP announced (NP (NP the following appointments) (PP-LOC at (NP its merchant-banking subsidiary Barclays de Zoete Wedd Ltd)))) .)) (TOP (S (NP-SBJ-1 (NP John Padovan) , (ADJP (NP 51 years) old) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD a deputy chairman)))) .)) (TOP (S (NP-SBJ Mr. Padovan) (VP is (ADVP-TMP currently) (NP-PRD (NP a director) (PP-LOC at (NP Barclays de Zoete Wedd Ltd)))) .)) (TOP (S (NP-SBJ-1 (NP Graham Pimlott) , (NP 40) ,) (VP was (VP named (NP *-1) (PP-CLR to (NP (NP the new post) (PP of (NP (NP chief executive officer) (PP of (NP the merchant-banking corporate-finance division)))))))) .)) (TOP (S (NP-SBJ-1 (NP Callum McCarthy) , (NP 45) ,) (VP was (VP named (S (NP-SBJ *-1) (UCP-PRD (PP to (NP (NP the new post) (PP of (NP (NP deputy head) (PP of (NP the corporate-finance division)))))) and (NP a managing director))))) .)) (TOP (S (NP-SBJ (NP Mr. Pimlott) and (NP Mr. McCarthy)) (VP join (NP Barclay 's) (PP from (NP (NP Kleinwort Benson Ltd.) (SBAR (WHADVP-2 where) (S (NP-SBJ they) (VP served (PP-CLR as (NP directors)) (ADVP-LOC *T*-2))))))) .)) (TOP (S (NP-SBJ (NP The recent bids) (PP for (NP United and American Airlines))) (VP have (VP led (S (NP-SBJ-1 Congress) (VP to (VP move (PP-MNR with (NP supersonic speed)) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP protect (NP incumbent airline managements))))))))) .)) (TOP (S (NP-SBJ-2 The House) (VP is (VP scheduled (S (NP-SBJ *-2) (VP to (VP vote (NP-TMP today) (PP-CLR on (NP (NP an anti-airline-takeover bill) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP block , (PP-TMP for (NP (QP up to 50) days)) , (NP (NP (NP any bid) (PP for (NP (NP (QP 15 % or more) *U*) (PP of (NP a U.S. airline))))) , (NP even a straight cash purchase))))))))))))) .)) (TOP (S (NP-SBJ (NP Transportation Secretary Sam Skinner) , (SBAR (WHNP-1 who) (S (ADVP-TMP earlier) (NP-SBJ *T*-1) (VP fueled (NP the anti-takeover fires) (PP-MNR with (NP (NP his quasi-xenophobic attacks) (PP on (NP (NP foreign investment) (PP in (NP U.S. carriers))))))))) ,) (ADVP-TMP now) (VP says (SBAR 0 (S (NP-SBJ the bill) (VP would (VP (ADVP further) disturb (NP the jittery capital markets)))))) .)) (TOP (S (NP-SBJ (NP Texas Rep. Steve Bartlett) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (NP 40,000 American Airlines workers) (PP-LOC in (NP his district))))) ,) (VP says (SBAR 0 (S (NP-SBJ the bill) (VP is `` (NP-PRD (NP good politics) , but (NP bad law)))))) . '')) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADJP-PRD ironic) (SBAR-1 that (S (PP-TMP at (NP (NP a time) (SBAR (WHADVP-4 when) (S (NP-SBJ-2 (NP America 's) partial airline deregulation) (VP is (VP being (VP emulated (NP *-2) (PP by (NP-LGS (NP governments) (PP-LOC (PP from (NP New Zealand)) (PP to (NP Ethiopia))))) (ADVP-TMP *T*-4)))))))) , (NP-SBJ (NP so many) (PP-LOC in (NP Congress))) (VP favor (NP (NP an incumbent-protection program) (PP for (NP airlines)) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP would (VP be (ADJP-PRD more appropriate) (PP for (NP (NP the Soviet airline) , (NP Aeroflot)))))))))))) .)) (TOP (S (S (NP-SBJ Federal Reserve Chairman Alan Greenspan) (VP told (NP Congress) (SBAR that (S (NP-SBJ-1 the Fed) (VP can (VP wipe (PRT out) (NP inflation) (PP without (S-NOM (NP-SBJ *-1) (VP causing (NP a recession)))))))))) , but (S (NP-SBJ he) (VP said (SBAR (S (S-NOM-SBJ (NP-SBJ *) (VP doing (ADVP-PRD so))) (VP (VP will (VP inflict (NP some short-term pain))) and (VP will (VP require (S (NP-SBJ *) (VP reducing (NP the federal deficit) (ADVP-MNR sharply)))))))))) .)) (TOP (S (NP-SBJ Mr. Greenspan) (VP said (SBAR 0 (S (NP-SBJ (NP he) and (NP other Fed governors)) (VP endorse (NP (NP a bill) (PP by (NP (NP Rep. Stephen Neal) (PRN -LRB- (NP D.) , (NP-LOC N.C.) -RRB-))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP require (S (NP-SBJ the Fed) (VP to (VP pursue (NP (NP policies) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP eliminating (NP inflation) (PP-TMP within (NP five years))))))))))))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ Such a deadline) (VP is (ADJP-PRD attainable))) , but (S (NP-SBJ it) (VP would (VP have (NP costs))))) , '' (NP-SBJ Mr. Greenspan) (VP told (NP (NP Rep. Neal 's) monetary policy subcommittee) (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The Fed chief) (VP opposed (NP (NP a bill) (PRN - (VP introduced (NP *) (PP by (NP-LGS Reps. (NX (NX (NX Lee Hamilton) (PRN -LRB- (NP D.) , (NP-LOC Ind.) -RRB-)) and (NX (NX Byron Dorgan) (PRN -LRB- (NP D.) , (NP-LOC N.D.) -RRB-)))))) --) (SBAR (WHNP-1 that) , (S (PP among (NP other things)) , (NP-SBJ *T*-1) (VP would (VP require (S (NP-SBJ the Fed) (VP to (VP (VP disclose (NP all monetary policy moves) (ADVP-TMP immediately)) and (VP increase (NP (NP outside scrutiny) (PP of (NP the Fed))))))))))))) .)) (TOP (S (PP-LOC In (S-NOM (NP-SBJ *-1) (VP responding (PP-CLR to (NP questions))))) , (NP-SBJ-1 Mr. Greenspan) (VP played (PRT down) (NP (NP reports) (PP of (NP (NP tension) (PP between (NP (NP the Fed) and (NP the Treasury))) (PP over (NP exchange-rate policy)))))) .)) (TOP (S `` (S-TPC-4 (SBAR-NOM-SBJ (WHNP-2 What) (S (NP-SBJ-3 *T*-2) (VP seem (S (NP-SBJ-1 *-3) (VP to (VP be (VP interpreted (NP *-1) (PP-CLR as (NP great conflicts))))))))) (VP are (NP-PRD (NP (ADJP relatively minor) issues) (PP of (NP tactics))))) , '' (NP-SBJ he) (VP said (S *T*-4)) .)) (TOP (S (NP-SBJ He) (VP did n't (VP elaborate)) .)) (TOP (S (S But (NP-SBJ the Fed) (VP is n't (ADJP-PRD enthusiastic (PP about (NP Treasury efforts (S (NP-SBJ *) (VP to (VP bring (PRT down) (NP (NP the value) (PP of (NP the dollar))) (PP-MNR through (NP (NP intervention) (PP in (NP foreign-exchange markets)))))))))))) , and (S (NP-SBJ-1 the Treasury) (VP is (VP frustrated (NP *-1) (PP-CLR at (NP (NP the Fed 's) reluctance (S (NP-SBJ-2 *) (VP to (VP cut (NP interest rates) (S-PRP (NP-SBJ *-2) (VP to (VP pull (PRT down) (NP (NP the dollar 's) value)))))))))))) .)) (TOP (S (NP-SBJ Mr. Greenspan) (VP said (SBAR 0 (S (S (NP-SBJ-1 (NP the inflation rate) (PRN , (ADVP-TMP currently) (NP (QP about 4 1) %) ,)) `` (VP could (VP be (VP brought (NP *-1) (PRT down) (PP-DIR to (NP (NP levels) (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP are (ADJP-PRD close (PP to (NP zero)))))))) (PP without (S-NOM (NP-SBJ *) (VP putting (NP the economy) (PP-PUT into (NP a recession))))))))) , but (S (NP-SBJ I) (VP do (VP suspect (SBAR that (S (NP-SBJ there) (VP might (VP be (NP-PRD (NP some modest loss) (PP of (NP economic output))))))))))))) . '')) (TOP (S (PP In (NP other words)) , (S (NP-SBJ economic growth) (VP would (VP be (ADJP-PRD lower)))) and (S (NP-SBJ unemployment) (VP would (VP be (ADJP-PRD higher)))) (PP-TMP for (NP a few years)) .)) (TOP (S But (NP-SBJ (NP Mr. Greenspan) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP has (ADVP-TMP repeatedly) (VP said (SBAR 0 (S (NP-SBJ (NP the Fed 's) goal) (VP is (S-PRD (NP-SBJ *) (VP to (VP reduce (NP inflation))))))))))) ,) (VP added (SBAR that `` (S (SBAR-NOM-SBJ-4 (WHNP-3 whatever losses) (S (NP-SBJ-1 *T*-3) (VP are (VP incurred (NP *-1) (PP-CLR in (NP (NP the pursuing) (PP of (NP price stability)))))))) (VP would (ADVP surely) (VP be (ADVP more than) (VP made (PRT up) (NP *-4) (PP-CLR in (NP increased output)) (ADVP-TMP thereafter))))))) . '')) (TOP (S (NP-SBJ He) (VP warned (SBAR that (S (NP-SBJ Fed efforts (S (NP-SBJ *) (VP to (VP conquer (NP inflation))))) (VP (VP would (VP fail)) (PRN -- and (VP could (VP produce (NP `` a major financial crunch ''))) --) (SBAR-ADV unless (S (NP-SBJ-1 they) (VP are (VP accompanied (NP *-1) (PP by (NP-LGS (NP a significant reduction) (PP-LOC in (NP (NP the federal deficit) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP causes (S (NP-SBJ the government) (VP to (VP borrow (ADVP-MNR heavily))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Rep. Neal 's) bill) (ADVP originally) (VP called (PP-CLR on (NP-1 the Fed)) (S (NP-SBJ *-1) (VP (VP to (VP reduce (NP the inflation rate) (PP-EXT by (NP (NP one percentage point) (NP-ADV a year))) (PP-TMP for (NP five years)))) and (VP to (VP maintain (NP a zero inflation rate) (ADVP-TMP thereafter)))))) .)) (TOP (S (NP-SBJ-1 He) (VP altered (NP the wording) (S-PRP (NP-SBJ *-1) (VP to (VP win (NP (NP Mr. Greenspan 's) endorsement))))) .)) (TOP (S (ADVP Even so) , (NP-SBJ-1 his bill) (VP is (VP given (NP *-1) (NP (NP little chance) (PP of (NP passage))))) .)) (TOP (S (NP-SBJ-2 Reps. Hamilton and Dorgan) (ADVP also) (VP have (VP altered (NP their bill) , (S-ADV (NP-SBJ *-2) (VP dropping (NP a proposal (S (NP-SBJ *) (VP to (VP add (NP the Treasury secretary) (PP-CLR to (NP (NP the 12-member Fed committee) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (NP monetary policy)))))))))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ the bill) (ADVP simply) (VP calls (PP-CLR for (NP (NP twice-a-year meetings) (PP between (NP (NP the committee) and (NP top administration officials)))))) .)) (TOP (S (NP-SBJ Even that) (VP met (PP-CLR with (NP (NP Mr. Greenspan 's) disapproval)) (SBAR-PRP because (S (NP-SBJ it) (VP (VP might (VP subject (NP the Fed) `` (PP-CLR to (NP a (ADJP (ADVP more intensely) political) perspective)) '')) and `` (VP could (VP risk (S (NP-SBJ *) (VP bending (NP monetary policy) (ADVP-DIR away (PP from (NP long-term strategic goals))))))))))) . '')) (TOP (S (S-TPC-1 (SBAR-ADV While (S (NP-SBJ (NP each) (PP of (NP the Hamilton-Dorgan proposals))) (VP represents (NP only a small step)))) , (ADVP together) (NP-SBJ they) (VP would (VP erode (NP (NP the Fed 's) independence)))) , (NP-SBJ Mr. Greenspan) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Mr. Greenspan) (ADVP also) (VP said (SBAR that (S (SBAR-ADV although (S (NP-SBJ he) (VP favors (S (NP-SBJ *) (VP cutting (NP capital-gains taxes) (PP as (NP sound economic policy))))))) , (NP-SBJ he) (VP would (VP oppose (NP such a move) (SBAR-ADV if (S (NP-SBJ it) (VP would (VP (VP undo (NP (NP the political compromise) (VP embodied (NP *) (PP-CLR in (NP (NP the Tax Reform Act) (PP of (NP 1986))))))) and (VP result (PP-CLR in (NP higher marginal income tax rates)))))))))))) .)) (TOP (S (NP-SBJ Sears , Roebuck & Co.) (VP signed (NP (NP a contract) (PP with (NP (NP Bob Vila) , (NP (NP the former host) (PP of (NP (NP the popular public television program) `` (NP-TTL This Old House)))) , '' (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP star (PP-CLR in (NP (NP a half-hour home improvement show) (VP sponsored (NP *) (PP by (NP-LGS the giant retailer))))))))))))) .)) (TOP (S (NP-SBJ (NP The do-it-yourself show) , (VP slated (S (NP-SBJ-1 *) (VP to (VP start (S (NP-SBJ *-1) (VP airing)) (PP-TMP-CLR by (NP June 1990)))))) ,) (VP (VP marks (NP (NP (NP Sears 's) entry) (PP into (NP (NP the burgeoning market) (PP of (NP home repair television programs)))))) and (VP could (VP bolster (NP (NP sales) (PP of (NP its home improvement products)))))) .)) (TOP (S (PP-TMP In (NP recent months)) , (NP-SBJ (NP sales) (PP of (NP home improvement items)) (ADVP *ICH*-2)) (VP have (VP sagged , (ADVP-2 along (PP with (NP (NP sales) (PP of (NP other big ticket durable goods))))))) .)) (TOP (S (NP-SBJ The show) (ADVP also) (VP signals (NP (NP (NP Mr. Vila 's) return) (PP as (NP a television celebrity)))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ (NP public television station WGBH) (PP-LOC in (NP Boston))) (VP fired (NP Mr. Vila) (SBAR-TMP after (S (NP-SBJ a sponsor) (VP protested (NP (NP some) (PP of (NP his numerous commercial endorsements))))))) .)) (TOP (S (PP With (NP (NP Mr. Vila) (PP as (NP host)))) , `` (NP-TTL-SBJ-1 This Old House) '' (VP became (NP-PRD (NP one) (PP of (NP (NP the Public Broadcasting Service 's) top 10 programs))) , (S-ADV (NP-SBJ *-1) (VP (VP airing (ADVP-TMP weekly) (PP-LOC on (NP (NP (QP about 300)) (PP of (NP (NP the network 's) stations))))) and (VP seen (NP *) (PP by (NP-LGS (NP an average) (PP of (NP (QP 12 million) viewers)))))))) .)) (TOP (S But (NP-SBJ (NP Home Depot Inc.) , (NP an Atlanta-based home center chain) ,) (VP objected (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-3 Mr. Vila) (VP started (S (NP-SBJ *-3) (VP doing (NP commercial endorsements) (PP for (NP (NP Rickel Home Centers) , (NP (NP a New Jersey building supply company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP competes (PP-CLR with (NP Home Depot)) (PP-LOC in (NP some markets)))))))))) (ADVP-TMP *T*-2))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP 'm (ADJP-PRD ecstatic (PP about (NP the change))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Mr. Vila) , (SBAR (WHNP-3 whose new syndicated program) (S (NP-SBJ-1 *-3) (VP is (VP called (S (NP-SBJ *-1) `` (NP-TTL-PRD (NP Home Again) (PP with (NP Bob Vila))))))))) . '')) (TOP (S (PP-LOC In (NP an interview)) , (NP-SBJ Mr. Vila) (VP criticized (NP (NP his old show) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP continuing (PP-MNR with (NP a new host)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Public TV) (VP is (PP-LOC-PRD in (NP fantasy land)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (NP-TMP Last season) , (NP-SBJ we) (VP did (NP (NP a story) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP involved (S (NP-SBJ-2 *) (VP spending (NP $ 700,000 *U*) (PP-LOC-CLR in (S-NOM (NP-SBJ *-2) (VP converting (NP a two-family house) (PP-CLR into (NP a bed and breakfast)))))))))))) . '')) (TOP (S-1 (PP-LOC In (NP the new show)) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ-2 we) (VP 're (VP going (S (NP-SBJ-3 *-2) (VP to (VP spend (NP $ 60,000 *U*) (S-CLR (NP-SBJ *-3) (VP building (NP a start-up house) '' (PP-BNF for (NP a young couple))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Sears) (VP would n't (VP comment (PP-CLR on (NP (NP the brouhaha) (PP over (NP (NP Mr. Vila 's) commercial endorsements)))))))) , (NP-SBJ-1 it) (VP appears (S (NP-SBJ *-1) (VP to (VP be (VP building (NP a fence) (PP-LOC-CLR around (NP (NP Mr. Vila 's) affections))))))) .)) (TOP (S (NP-SBJ His contract) (VP makes (S (NP-SBJ him) (NP-PRD (NP `` exclusive '' spokesman) (PP for (NP (NP Sears 's) home improvement marketing campaigns))))) .)) (TOP (S (NP-SBJ (NP (NP Ogilvy & Mather) (PP-LOC in (NP Chicago))) , (NP (NP a unit) (PP of (NP WPP Group PLC))) ,) (VP will (VP handle (NP the advertising account and syndication))) .)) (TOP (S (NP-SBJ (NP The only other endorsement) (VP permitted (NP *) (PP by (NP-LGS the contract)))) (VP involves (NP (NP a series) (PP of (NP Time-Life home improvement and repair books)))) .)) (TOP (S (NP-SBJ His other agreements (S (NP-SBJ *) (VP to (VP promote (NP products))))) (VP have (VP expired)) .)) (TOP (NP (NP Little matter) (PP for (NP (NP Mr. Vila) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP complains (SBAR that `` (S (NP-SBJ public TV) (ADVP-TMP never) (VP paid (NP me) (NP (NP (QP more than $ 40,000) *U*) (NP-ADV a year)))))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP his compensation) (PP-LOC under (NP the Sears contract))) (VP is `` (NP-PRD a (ADJP multimillion dollar) deal))))) .)) (TOP (S (NP-SBJ-1 (NP Eugene A. Miller) , (ADJP (NP 52 years) old) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP this electric utility company)))) , (S-ADV (NP-SBJ *) (VP filling (NP a vacancy))))) .)) (TOP (S (NP-SBJ He) (VP is (NP-PRD (NP (NP president) and (NP chief executive officer)) (PP of (NP (NP Comerica Inc.) (PP-LOC in (NP Detroit)))))) .)) (TOP (S (NP-SBJ-2 The White House) (VP has (VP decided (S (NP-SBJ *-2) (VP to (VP push (PP-CLR for (NP (NP changes) (PP-LOC in (NP pesticide law)) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP are (VP designed (S (NP-SBJ *-3) (VP to (VP speed (NP (NP the removal) (PP of (NP harmful chemicals)) (PP from (NP (NP the nation 's) food supply))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The proposed changes) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP are (VP scheduled (S (NP-SBJ-1 *-3) (VP to (VP be (VP announced (NP *-1) (NP-TMP today))))))))) ,) (VP would (VP apply (PP-CLR to (NP (NP (NP pesticides) and (NP other substances)) (VP found (NP *) (PP-LOC-CLR on (NP (ADJP fresh and processed) foods))))) , (PP according (PP to (NP federal officials))))) .)) (TOP (S (NP-SBJ Environmental groups) (VP (VP have (VP been (VP calling (PP-CLR for (NP (NP faster action) (PP on (NP dangerous pesticides))))))) and (VP may (VP welcome (NP (NP part) (PP of (NP the proposal)))))) .)) (TOP (S But (NP-SBJ they) (VP are (ADVP already) (VP objecting (PP-CLR to (PRN , (PP among (NP other things)) ,) (NP a plan (S (NP-SBJ-1 *) (VP to (VP give (NP more weight) (PP-DTV to (NP cost-benefit considerations)) (PP-LOC in (S-NOM (NP-SBJ *-1) (VP evaluating (NP pesticides))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD a tremendous disappointment))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Janet Hathaway) , (NP (NP an attorney) (PP with (NP the Natural Resources Defense Council)))) .)) (TOP (S `` (S-NOM-SBJ (NP-SBJ *) (VP Allowing (S (NP-SBJ the EPA) (VP to (VP condone (NP (NP continued use) (PP of (NP a chemical))) (SBAR-TMP (WHADVP-1 whenever) (S (NP-SBJ the benefits) (VP outweigh (NP the risks) (ADVP-TMP *T*-1))))))))) (VP is (ADVP absolutely) (NP-PRD (NP anathema) (PP to (NP the environmental community)))) . '')) (TOP (S (NP-SBJ-2 The Bush administration) (VP plans (S (NP-SBJ-3 *-2) (VP (VP to (VP announce (NP (NP a series) (PP of (NP principles))))) and (VP to (VP work (PP-CLR with (NP congressional leaders)) (PP-LOC in (S-NOM (NP-SBJ *-3) (VP writing (NP (NP specific legislative proposals) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP embody (NP them))))))))))))) .)) (TOP (S (NP-SBJ The principles) (VP would (VP give (NP the Environmental Protection Agency) (NP (NP increased authority and flexibility) (PP-LOC in (S-NOM (NP-SBJ *) (VP regulating (NP pesticides))))) , (PP-PRP with (NP (NP the aim) (PP of (S-NOM (NP-SBJ *) (VP enabling (S (NP-SBJ the agency) (VP to (VP move (ADVP-MNR more quickly))))))))))) .)) (TOP (S (NP-SBJ There) (ADVP-TMP already) (VP are (NP-PRD (NP proposals (S *ICH*-1)) (VP pending (PP-LOC in (NP Congress))) (S-1 (NP-SBJ *) (VP to (VP overhaul (NP pesticide law)))))) .)) (TOP (S (NP-SBJ Moves (S (NP-SBJ *) (VP to (VP accelerate (NP (NP the removal) (PP of (NP dangerous pesticides))))))) (VP gained (NP new impetus) (PP-TMP during (NP (NP (NP this year 's) Alar scare) , (SBAR (WHADVP-2 when) (S (NP-SBJ-3 the EPA) (VP was (VP (ADVP-MNR harshly) criticized (NP-4 *-3) (PP-CLR for (S-NOM (NP-SBJ-1 *-4) (VP failing (S (NP-SBJ *-1) (VP to (VP yank (NP (NP the possible carcinogen) , (NP (NP a growth regulator) (VP used (NP *) (S-CLR (NP-SBJ *) (VP to (VP make (S (NP-SBJ apples) (ADJP-PRD redder and crunchier)))))))))))))) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (S (NP-SBJ-1 The agency) (VP has (ADVP-TMP since) (VP acted (S (NP-SBJ *-1) (VP to (VP remove (NP Alar) (PP-CLR from (NP (NP the nation 's) grocery shelves)) (PP-TMP by (NP May 31 , 1991)))))))) , and (S (NP-SBJ the apple industry) (VP has (VP said (SBAR that (S (NP-SBJ-2 growers) (ADVP already) (VP have (VP stopped (S (NP-SBJ *-2) (VP using (NP the chemical)))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 the principles) (VP attempt (S (NP-SBJ *-1) (VP to (VP eliminate (NP the so-called Delaney Paradox))))) .)) (TOP (S (PP-LOC Under (NP (NP the Delaney clause) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP applies (PP-CLR to (NP processed food))))) ,)) (NP-SBJ-1 a chemical) (VP is (VP banned (NP *-1) (SBAR-ADV if (S (NP-SBJ it) (VP causes (NP cancer) (PP-LOC in (NP laboratory animals))))))) .)) (TOP (S (PP-LOC Under (NP (NP other laws) (VP applying (PP-CLR to (NP pesticide use))))) , (ADVP however) , (NP-SBJ-2 that same chemical) (VP could (VP be (VP allowed (S (NP-SBJ-1 *-2) (VP to (VP be (VP used (NP *-1) (PP-CLR on (NP fresh food)))))) (SBAR-ADV if (S (NP-SBJ it) (VP fell (PP-LOC-CLR within (NP (NP the EPA 's) tolerance level)))))))) .)) (TOP (S (PP Among (NP other changes)) , (NP-SBJ-7 the White House) (VP wants (S (NP-SBJ *-7) (VP to))) :)) (TOP (VP -- Give (NP the EPA) (NP (NP more flexibility) (SBAR (WHADVP-8 0) (S (NP-SBJ *) (VP to (VP (VP declare (S (NP-SBJ a pesticide) (NP-PRD an imminent hazard))) and (VP pull (NP it) (PP-CLR from (NP the marketplace))) (ADVP-MNR *T*-8)))))) .)) (TOP (VP -- Speed (PRT up) (NP (NP the process) (PP for (S-NOM (NP-SBJ *) (VP removing (NP (NP a pesticide) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP is n't (NP-PRD an imminent hazard))))))))) .)) (TOP (VP -- Bar (NP-9 states) (PP-CLR from (S-NOM (NP-SBJ *-9) (VP setting (NP (NP (ADJP more stringent) tolerance levels) (PP for (NP a pesticide))) (SBAR-TMP once (S (NP-SBJ the federal government) (VP has (VP set (NP a standard)))))))) .)) (TOP (VP -- Give (NP the EPA) (NP (NP added discretion) (SBAR (WHADVP-10 0) (S (NP-SBJ *) (VP to (VP set (NP `` negligible risk '' levels) (PP for (NP (NP pesticide residues) (PP-LOC in (NP processed food)))) (ADVP *T*-10)))))) .)) (TOP (S (S (NP-SBJ-1 (NP Chemicals) (SBAR (WHNP-4 that) (S (NP-SBJ *T*-4) (VP exceed (NP these risk levels))))) (VP would (VP be (VP barred (NP *-1))))) , but (S (NP-SBJ-2 (NP those) (SBAR (WHNP-5 that) (S (NP-SBJ *T*-5) (VP fall (PP-LOC-CLR below (NP these levels)))))) (VP would (VP be (VP allowed (NP *-2))))) .)) (TOP (VP -- Allow (S (NP-SBJ the EPA) (VP to (VP permit (NP (NP the continued use) (PP of (NP (NP pesticides) (SBAR (WHNP-6 that) (S (NP-SBJ *T*-6) (VP exceed (NP its negligible risk standard))))))) (SBAR-ADV if (S (NP-SBJ (NP the benefits) (PP of (S-NOM (NP-SBJ *) (VP doing (ADVP-PRD so))))) (VP outweigh (NP the cost))))))) .)) (TOP (S (NP-SBJ Financial markets) (VP took (NP (NP a midweek break) (PP from (NP their recent wild gyrations))) (SBAR-ADV with (S (S (NP-SBJ stock prices) (VP falling (ADVP-EXT modestly))) , (S (NP-SBJ bond prices) (VP posting (NP tiny gains))) and (S (NP-SBJ the dollar) (ADJP-PRD almost unchanged))))) .)) (TOP (S (NP-SBJ The Dow Jones Industrial Average) (VP lost (NP 5.94 points) (PP-DIR to (NP 2653.28)) (PP-LOC in (NP moderate trading))) .)) (TOP (S (NP-SBJ Long-term Treasury bonds) (VP rose (ADVP-EXT slightly) (PP despite (NP (NP the arrival) (PP on (NP the market)) (PP of (NP (NP (QP $ 4.52 billion) *U*) (PP in (NP 30-year bonds)) (VP offered (NP *) (PP by (NP-LGS the Resolution Funding Corp.)) (PP-CLR as (NP (NP part) (PP of (NP (NP (NP the government 's) bailout) (PP of (NP the savings and loan industry)))))))))))) .)) (TOP (S (NP-SBJ The dollar) (VP was (UCP-PRD (ADJP barely changed (PP against (NP the (ADJP West German) mark))) and (ADVP up (ADVP marginally) (PP against (NP the Japanese yen))))) .)) (TOP (S (NP-SBJ (NP Yesterday 's) sluggish action) (VP was (PP-PRD in (NP (NP marked contrast) (PP to (NP (NP the rearing and plunging) (PP of (NP stock prices)) (NP-TMP Tuesday) (SBAR-TMP after (S (NP-SBJ (NP the proposed buy-out) (PP of (NP UAL Corp.))) (ADVP-TMP once again) (VP collapsed)))))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ (NP the stock market 's) lurching moves) (VP have (VP prompted (S (NP-SBJ many investors) (VP to (VP head (PP-DIR for (NP the sidelines)) (SBAR-TMP until (S (NP-SBJ it) (VP regains (NP (NP some semblance) (PP of (NP stability)))))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ bond prices) (VP were n't (ADJP-PRD (ADJP as volatile) (PP *ICH*-1)) (PP-TMP on (NP Tuesday trading)) (PP-1 as (NP stock prices))))) , (NP-SBJ traders) (ADVP nevertheless) (VP said (SBAR 0 (S (NP-SBJ action) (ADVP also) (VP was (ADJP-PRD much slower) (NP-TMP yesterday) (PP-LOC in (NP the Treasury market)))))) .)) (TOP (S (NP-SBJ-2 Bond investors) (VP (VP paid (NP (NP close attention) (PP to (NP (NP comments) (PP by (NP (NP Federal Reserve Chairman Alan Greenspan) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (VP testifying (PP-LOC before (NP a congressional hearing)))))))))))) , but (VP were n't (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP extract (NP (NP many clues) (PP about (NP (NP the future course) (PP of (NP (NP the Fed 's) monetary policy))))))))))) .)) (TOP (S (NP-SBJ Many analysts) (VP are (VP expecting (S (NP-SBJ the Fed) (VP to (VP lower (NP interest rates) (ADVP-TMP (ADVP at least) once more) (PP-TMP before (NP (NP the end) (PP of (NP the year))))))))) .)) (TOP (S (NP-SBJ Investors) (ADVP-TMP now) (VP are (VP awaiting (NP (NP (NP today 's) release) (PP of (NP (NP the preliminary estimate) (PP of (NP third-quarter gross national product))))))) .)) (TOP (S (NP-SBJ Economists) (VP predict (SBAR 0 (S (NP-SBJ the report) (VP will (VP show (NP (NP economic growth) (PP of (NP (QP about 2.5) %)) (PP-TMP in (NP the third quarter)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP have (NP (NP little effect) (PP on (NP financial markets))))))))))))) .)) (TOP (S But (NP-SBJ (NP an unexpected deviation) (NP-ADV either way)) (VP could (VP roil (NP bond and currency markets))) .)) (TOP (PP-LOC-HLN In (NP major market activity) :)) (TOP (S (NP-SBJ Stock prices) (VP slipped (ADVP-CLR lower) (PP-LOC in (NP moderate trading))) .)) (TOP (S (NP-SBJ (NP Volume) (PP-LOC on (NP the New York Stock Exchange))) (VP totaled (NP (QP 155.7 million) shares)) .)) (TOP (S But (NP-SBJ (NP advancing issues) (PP-LOC on (NP the Big Board))) (VP were (ADVP-PRD ahead (PP of (NP decliners)) (NP-ADV (NP 784) (PP to (NP 700))))) .)) (TOP (S (NP-SBJ Bond prices) (VP inched (ADVP-DIR higher)) .)) (TOP (S (NP-SBJ (NP The Treasury 's) benchmark 30-year issue) (VP rose (NP-EXT (NP (NP (NP (QP less than an eighth)) (PP of (NP a point))) , or (NP (QP less than $ 1.25) *U*)) (PP for (NP (NP each $ 1,000 *U*) (PP of (NP face amount)))))) .)) (TOP (S (NP-SBJ (NP The yield) (PP on (NP the issue))) (VP stood (PP-CLR at (NP 7.88 %))) .)) (TOP (S (NP-SBJ The dollar) (VP was (ADJP-PRD virtually unchanged)) .)) (TOP (S (PP-LOC In (NP late New York trading)) (NP-SBJ-1 the U.S. currency) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP 1.8353 marks) and (NP 141.52 yen))) , (PP compared (PP with (NP (NP (NP 1.8355 marks) and (NP 141.45 yen)) (NP-TMP Tuesday)))))) .)) (TOP (S (ADVP-TMP (NP A few years) ago) , (NP-SBJ I) (VP was (PP-LOC-PRD on (NP (NP a panel) (PP of (NP journalists)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP discussed (NP (NP the `` image '') (PP of (NP intercollegiate athletics))) (PP for (NP (NP an audience) (PP of (NP (NP campus information directors) and (NP others))))))))))) .)) (TOP (S (NP-SBJ We scribblers) (ADVP-MNR quickly) (VP concurred (SBAR (SBAR that (CONJP not only) (SINV was (NP-SBJ-2 (NP the bad rep) (PP of (NP big-time college sports))) (VP (ADVP richly) earned (NP *-2)))) , (CONJP but also) (SBAR that (S (NP-SBJ-1 it) (VP could (VP be (VP corrected (NP *-1)))))))) .)) (TOP (S (S-TPC-4 (NP-SBJ-2 Competition) (VP could (VP be (VP maintained (NP *-2)))) (PRN -- and (S (NP-SBJ stadiums) (ADVP probably) (VP would (VP remain (ADJP-PRD full)))) --) (SBAR-ADV if (S (S (NP-SBJ-3 schedules) (VP were (VP-1 reduced (NP *-3)))) and (S (NP=3-5 the games) (VP=1 returned (NP *-5) (PP-CLR to (NP the students))))))) , (NP-SBJ we) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ (NP Comments) (PP from (NP the audience))) (VP reflected (NP (NP (ADJP widespread , if wistful ,) agreement) (PP with (NP those conclusions)))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ the session) (VP broke (PRT up)))) , (NP-SBJ-1 I) (VP was (VP approached (NP *-1) (PP by (NP-LGS (NP a man) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP identified (NP himself) (PP-CLR as (NP (NP the alumni director) (PP of (NP a Big Ten university))))))))))) .)) (TOP (S `` (S-TPC-3 (S (NP-SBJ-1 I) (VP 'd (VP love (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ sports) (VP cut (ADVP-CLR back)))))))) , and (SINV (ADVP-PRD so) would (NP-SBJ (NP a lot) (PP of (NP (NP my counterparts) (PP-LOC at (NP other schools)))))) ,) but (S (NP-SBJ-2 everybody) (VP 's (ADJP-PRD afraid (S (NP-SBJ *-2) (VP to (VP make (NP the first move)))))))) , '' (NP-SBJ he) (VP confided (S *T*-3)) .)) (TOP (S `` (S (NP-SBJ It) (VP 's (PP-PRD like (NP (NP the U.S.) and (NP the Russians))))) : (S (NP-SBJ-1 Nobody) (VP wants (S (NP-SBJ *-1) (VP to (VP disarm (ADVP-TMP first)))))) . '')) (TOP (S And (ADVP so) (NP-SBJ (NP our institutions) (PP of (NP higher learning))) (VP lurch (PP-DIR from (NP scandal)) (PP-DIR to (NP scandal)) (PP-LOC on (NP (NP gridiron) and (NP basketball court))) , (SBAR-TMP while (S (NP-SBJ the casualties) (VP mount)))) .)) (TOP (S (NP-SBJ Three new books) (VP make (NP the point (SBAR that (S (NP-SBJ (NP one large price) (PP of (NP the glittery college-sports show))) (VP can (VP be (NP-PRD (NP the integrity) (PP of (NP (NP the schools) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stage (NP it))))))))))))) .)) (TOP (S (NP-SBJ They) (VP are : (NP-PRD (NP `` (NP-TTL (NP (NP A Payroll) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP Meet (NP *T*-1)))))) : (NP (NP A Story) (PP of (NP (NP Greed , Corruption and Football) (PP-LOC at (NP SMU)))))) '' (PRN -LRB- (NP Macmillan) , (NP 221 pages) , (NP $ 18.95 *U*) -RRB-) (PP by (NP David Whitford))) ; (NP `` (NP-TTL (NP Big Red Confidential) : (PP Inside (NP Nebraska Football))) '' (PRN -LRB- (NP Contemporary) , (NP 231 pages) , (NP $ 17.95 *U*) -RRB-) (PP by (NP Armen Keteyian))) ; and (NP (NP `` (FRAG-TTL (ADVP-TMP Never) (ADJP Too Young (S (NP-SBJ *) (VP to (VP Die)))) : (NP (NP The Death) (PP of (NP Len Bias)))) '' (PRN -LRB- (NP Pantheon) , (NP 252 pages) , (NP $ 18.95 *U*) -RRB-)) (PP by (NP Lewis Cole))))) .)) (TOP (S (S (NP-SBJ (NP The pick) (PP of (NP the group))) (VP is `` (NP-TTL-PRD Payroll) '')) ; (S (NP-SBJ it) (VP should (VP be (NP-PRD (NP required reading) (PP for (NP every college president)))))) .)) (TOP (S (NP-SBJ It) (VP chronicles (SBAR (WHADVP-2 how) , (S (PP-TMP over (NP (NP a period) (PP of (NP a dozen years)))) , (NP-SBJ-3 Southern Methodist University) (VP bought (NP (NP its way) (PP to (NP (NP football respectability) (PP-LOC in (NP the Southwest Conference))))) , (S-ADV (NP-SBJ *-3) (ADVP only) (VP to (VP find (S (NP-SBJ itself) (VP trapped and strangled (NP *) (PP by (NP-LGS (NP the athlete-payoff system) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP created (NP *T*-1))))))))))) (ADVP-MNR *T*-2))))) .)) (TOP (S (NP-SBJ The school) (VP was (S-PRD (NP-SBJ the first) , (PP-TMP in (NP 1987)) , (VP to (VP receive (NP (NP (NP the NCAA 's) `` death penalty '') -- (NP (NP two years) (PP without (NP football))) --) (PP-CLR for (NP repeated rules violations)))))) .)) (TOP (S (PP Given (NP (NP current headlines) (PP about (NP (NP the University) (PP of (NP Florida)))))) , (NP-SBJ it) (VP may not (VP be (NP-PRD the last))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP The man) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP brought (NP the bribe) (PP-DIR to (NP the Dallas school)))))) (VP was (NP-PRD (NP Ron Meyer) , (NP (NP a flashy sort) (SBAR (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (VP came (PP-TMP in (NP 1975)) (S-PRP (NP-SBJ *-4) (VP to (VP rescue (NP a woebegone program))))))))))) , (NP-SBJ Mr. Whitford) (VP writes (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Meyer 's) personal style) (VP was (VP illustrated (NP *-1) (PP-MNR by (S-NOM (NP-SBJ his) (VP pinning (NP a (ADJP $ 100 *U*) bill) (PP-CLR to (NP (NP a high-school bulletin board) (SBAR (WHPP-2 on (WHNP which)) (S (NP-SBJ other coaches) (VP tacked (NP their cards) (PP-LOC-CLR *T*-2))))))))))) .)) (TOP (S (NP-SBJ (NP One recruiter) (VP working (PP-CLR with (NP Mr. Meyer)))) (VP was (ADJP-PRD (ADJP so generous (PP with (NP (ADJP $ 10 and $ 20 *U*) bills))) (SBAR that (S (NP-SBJ prospects) (VP sang `` (SINV-TTL (ADVP-DIR-TPC-2 Here) (VP Comes (ADVP-DIR *T*-2)) (NP-SBJ Santa Claus)) '' (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP approached (ADVP-TMP *T*-1))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Paying (NP players) (PP-LOC at (NP SMU)))) (VP was (NP-PRD no casual operation)) .)) (TOP (S (NP-SBJ It) (VP involved (NP (NP (NP the athletics director) , (NP two different football coaching staffs) , and (NP school trustees and governors)) -- (NP (NP (ADVP just about) everybody) (PRN , (S (NP-SBJ it) (VP seemed)) ,) but (NP (NP Donald Shields) , (NP (NP the university 's) president))))) .)) (TOP (S (NP-SBJ There) (VP 's (NP-PRD (NP a memorable passage) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ-2 Mr. Shields) , (S-ADV (NP-SBJ *-2) (VP having (ADVP finally) (VP learned (PP-CLR of (NP the practice))))) , (VP expresses (NP his outrage) (PP-CLR to (NP (NP (NP Bill Clements) , (NP (NP (ADVP-TMP then) a university governor) (PRN -LRB- and (ADVP-TMP now) (NP (NP the governor) (PP of (NP Texas))) ! -RRB-))) and (NP (NP oil man Edwin Cox) , (NP (NP chairman) (PP of (NP (NP the board) (PP of (NP trustees)))))))) (PP-LOC *T*-1)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ You) (VP stay (PP-LOC-CLR out (PP of (NP it))))) , '' (NP-SBJ author Whitford) (VP quotes (NP-2 Mr. Clements) (PP-CLR as (S-NOM (NP-SBJ *-2) (VP saying (S *T*-1))))) .)) (TOP (S `` (NP-SBJ *) (VP Go (VP run (NP the university))) . '')) (TOP (SBAR (WHNP-1 Which) (S (NP-SBJ *T*-1) (VP was (ADVP about) (SBAR-NOM-PRD (WHNP-2 what) (S (NP-SBJ Mr. Shields) (VP did (NP *T*-2) (PRN , and (ADVP-MNR quietly) ,) (SBAR-TMP until (S (NP-SBJ-4 he) (VP resigned (ADVP-TMP (NP a few years) later) , (S-ADV (NP-SBJ *-4) (VP pleading (NP ill health))) , (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the stuff) (VP hit (NP the fan) (ADVP-TMP *T*-3)))))))))))) .)) (TOP (S (NP-SBJ Mr. Whitford) (VP drew (PP-CLR (PP on (NP (NP voluminous news media coverage) (PP of (NP the SMU scandal)))) , and (PP on (NP a university internal investigation)))) .)) (TOP (S (NP-SBJ-3 Mr. Keteyian) (VP had (S (NP-SBJ *-3) (VP to (VP do (NP (NP most) (PP of (NP (NP his own digging) (PP on (NP (NP (NAC University (PP of (NP Nebraska))) football) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is , (PP-TMP to (NP date)) , (ADJP-PRD high and dry) (ADVP (ADVP as far) (SBAR as (S (NP-SBJ-1 the NCAA) (VP is (VP concerned (NP *-1)))))))))))))))))) .)) (TOP (S (ADVP Unfortunately) , (NP-SBJ-2 he) (VP gets (NP (NP low grades) (PP as (NP an investigative reporter))) , (S-ADV (NP-SBJ *-2) (VP relying (ADVP-MNR heavily) (PP-CLR on (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP (NP Chicago 's) late mayor) , (NP Richard J. Daley) ,) (VP called (S (NP-SBJ *T*-1) `` (NP-PRD insinuendo))))))))) . '')) (TOP (S (S (S (NP-SBJ Discrepancies) (VP go (ADJP-PRD unexplained) (PP-LOC in `` (NP-TTL Confidential) ''))) (PRN -LRB- (S (NP-SBJ one ex-player) (VP claims (SBAR 0 (S (NP-SBJ he) (VP received (NP (QP $ 4,000 to $ 5,000) *U*) (PP-CLR for (NP his season football tickets))))) (SBAR-ADV while (S (NP-SBJ others) (VP said (SBAR 0 (S (NP-SBJ theirs) (VP brought (NP (QP only a few hundred) dollars))))))))) -RRB-)) , and (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Mr. Keteyian) (VP ca n't (VP nail (PRT down) (NP (NP something) , (PP like (SBAR-NOM (WHNP-2 who) (S (NP-SBJ *T*-2) (ADVP really) (VP owned (NP (NP a car) (VP driven (NP *) (PP by (NP-LGS Husker tailback Doug Dubose))))))))) (ADVP-TMP *T*-1)))) ,) (NP-SBJ he) (ADVP simply) (VP reprints (NP his notes))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP gratuitous references) (PP to (NP (NP supposed romantic liaisons) (PP between (NP (NP Husker players) and (NP a low-level female university employee))))))) .)) (TOP (S (NP-SBJ-1 A serious charge (PRN -- (SBAR that (S (NP-SBJ-2 star flanker Irving Fryar) (VP `` threw '' (NP the 1984 Orange Bowl game) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP (ADVP-MNR intentionally) dropping (NP a pass) (PP-LOC in (NP the end zone)))))))) --)) (VP is (VP included (NP *-1) , (SBAR-ADV even though (S (NP-SBJ-3 (NP the Nebraska assistant coach) (VP quoted (NP *))) (VP denied (S (NP-SBJ *-3) (VP making (NP it)))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ the book) (VP produces (NP (NP more smoke) (PP than (NP a smoldering sofa)) , (ADVP along (PP with (NP a few flames))) , (VP (ADVP especially) concerning (NP (NP the use) (PP of (NP steroids)))))) .)) (TOP (S (NP-SBJ (NP Dean Steinkuhler) , (NP a (ADJP spectacularly bulked-up) former lineman) ,) (VP (VP confesses (SBAR that (S (NP-SBJ he) (VP used (NP 'em))))) , and (VP says (SBAR 0 (S (NP-SBJ other Huskers) (VP did (VP *?* (ADVP too))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP 's (NP-PRD a mystery) (SBAR-2 (WHADVP-1 how) (S (NP-SBJ this) (VP could (VP have (VP escaped (NP (NP the notice) (PP of (NP Nebraska coaches))) (ADVP-MNR *T*-1))))))) .)) (TOP (S (ADVP Probably) , (NP-SBJ it) (VP did n't (VP *?*)) .)) (TOP (S `` (NP-TTL-SBJ-1 Never Too Young) '' (VP is (NP-PRD (NP a different sort) (PP of (NP work))) , (S-ADV (NP-SBJ *-1) (VP focusing (PP-CLR on (NP (NP the 1986 death) (PP from (NP cocaine ingestion)) (PP of (NP (NP Bias) , (NP (NP a (NAC University (PP of (NP Maryland))) basketball star) (VP ticketed (NP *) (PP-CLR for (NP sure pro stardom))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the university) (VP was (S-PRD (NP-SBJ *) (ADVP (ADVP no more) (PP *ICH*-1)) (VP to (VP blame (NP *?*) (PP-CLR for (NP that)) (PP-1 than (PP for (NP (NP the similar fate) (PP of (NP any other student))))))))))) , (NP-SBJ it) (VP must (VP bear (NP (NP responsibility) (PP for (NP (NP its conduct) (PP-TMP in (NP the aftermath))))))) .)) (TOP (S (S (NP-SBJ (NP (NP Bias 's) coach) , (NP Lefty Driesell) ,) (VP ordered (S (NP-SBJ-3 (NP the room) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ Bias) (VP died (PP-LOC *T*-2))))) (VP to (VP be (VP cleaned (NP *-3) (SBAR-TMP before (S (NP-SBJ the police) (VP could (VP arrive)))))))))) (PRN -LRB- (S (NP-SBJ the order) (VP was n't (VP carried (PRT out)))) -RRB-) , and (S (NP-SBJ (NP the school 's) athletics director) (VP issued (NP (NP false information) (PP about (NP (NP the academic standing) (PP of (NP (NP Bias) and (NP other players)))))))) .)) (TOP (S (NP-SBJ Those) , (PP of (NP course)) , (VP were (NP-PRD (NP the responses) (PP of (NP (NP people) (PP with (NP (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP hide (NP *T*-1))))))))))) .)) (TOP (S (NP-SBJ One) (VP wonders (SBAR (WHADVP-1 how) (S (NP-SBJ other college athletic officials) (VP would (VP behave (PP-LOC under (NP the same circumstances)) (ADVP-MNR *T*-1)))))) .)) (TOP (S (NP-SBJ (NP Tomorrow 's) `` (PP-TTL On (NP Sports)) '' column) (VP will (VP look (PP-CLR at (NP (NP another aspect) (PP of (NP the college sports mess)))))) .)) (TOP (S (NP-SBJ (NP (NP Mercedes-Benz) (PP of (NP North America Inc.))) , (NP (NP a unit) (PP of (NP Daimler-Benz AG))) ,) (VP paid (NP Massachusetts) (NP (NP (QP $ 9.1 million) *U*) (PP in (NP taxes))) , (S-ADV (NP-SBJ *) (VP bringing (PP-CLR to (NP an end)) (NP a 10-month-long corporate tax chase)))) .)) (TOP (S (NP-SBJ-1 (NP Officials) (PP-LOC at (NP (NP the Department) (PP of (NP Revenue))))) (VP (VP had (VP dogged (NP the foreign car maker) (PP-CLR for (NP (NP taxes) (VP owed (NP *) (PP-CLR on (NP business transactions))))))) and (VP were (VP proceeding (S (NP-SBJ *-1) (VP to (VP settle (NP the dispute) (PP-LOC in (NP court)))))))) .)) (TOP (SINV (S-TPC-1 But `` (NP-SBJ the check) (VP arrived (PP-LOC in (NP the mail)))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Stephen Kidder) , (NP (NP Massachusetts Commissioner) (PP of (NP Revenue)))) .)) (TOP (S (NP-SBJ (NP Mercedes-Benz) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP said (SBAR 0 (S (NP-SBJ it) (VP did n't (VP owe (NP taxes) (PP-CLR to (NP Massachusetts)) (SBAR-PRP partly because (S (NP-SBJ it) (VP sells (NP its cars) (PP-LOC (PP at (NP (NP a dock) (PP-LOC in (NP Baltimore)))) and (PP not in (NP Massachusetts)))))))))))))) ,) (VP did n't (VP explain (NP (NP its change) (PP of (NP heart))))) .)) (TOP (S (S-TPC-1 (NP-TMP Last month) , (NP-SBJ-2 Mercedes-Benz executives) (VP approached (NP state revenue officials) (S-ADV (NP-SBJ *-2) (VP complaining (PP-CLR about (NP bad press)))))) , (NP-SBJ the commissioner) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The dispute) (VP was (NP-PRD (NP the subject) (PP of (NP (NP a Wall Street Journal article) (PP-TMP in (NP August)))))) .)) (TOP (S (NP-SBJ The amount) (VP covers (NP (NP taxes , interest and penalties) (VP owed (NP *) (PP-TMP (PP from (NP (NP 1966) , (SBAR (WHADVP-1 when) (S (NP-SBJ-2 the state) (VP began (S (NP-SBJ *-2) (VP collecting (NP corporate taxes))) (ADVP-TMP *T*-1)))) ,)) (PP to (NP 1985)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Mercedes-Benz) (ADVP also) (VP agreed (S (NP-SBJ *-1) (VP to (VP pay (NP (NP taxes) (VP owed (NP *) (PP-CLR for (NP the years 1986 through 1988))))))))) , (NP-SBJ Mr. Kidder) (VP added (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-LOC Under (NP Massachusetts tax laws)) , (NP-SBJ corporations) (VP must (VP pay (NP (NP 9.5 %) (PP of (NP (NP estimated profits) (VP resulting (PP-CLR from (NP (NP business transactions) (PP-LOC in (NP the state)))))))) (SBAR-ADV if (S (NP-SBJ the company) (VP conducts (NP (NP a variety) (PP of (NP (NP non-sales activities) , (PP including (NP (NP warranties) , (NP customer complaints) and (NP (NP relations) (PP with (NP independent dealerships))))))))))))) .)) (TOP (S (NP-SBJ-1 National Convenience Stores Inc.) , (S-ADV (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP shake (NP (NP the doldrums) (PP-LOC in (NP the convenience-store business)))))))) , (VP said (SBAR 0 (S (NP-SBJ-3 it) (VP will (VP rearrange (NP (NP the merchandise) (PP-LOC in (NP (NP all) (PP of (NP its stores))))) (PP-TMP in (NP the next 18 months)) (S-PRP (NP-SBJ *-3) (VP to (VP cater (ADVP-MNR better) (PP-CLR to (NP (NP the neighborhoods) (PP-LOC around (NP its stores)))))))))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP the plan)))) , (NP-SBJ-1 (NP the Houston-based company 's) 1,100 Stop 'N Go stores) (VP will (VP be (VP refocused (S (NP-SBJ *-1) (VP to (VP target (ADJP black , Hispanic , upscale or core middle-class) customers)))))) .)) (TOP (S (NP-SBJ (NP Stores) (PP-LOC in (NP upper-income neighborhoods))) , (PP for (NP instance)) , (VP will (VP carry (NP (NP high-priced wines) , (NP (NP publications) (PP such as (NP Vanity Fair))) , (NP gourmet pasta sauces) , (NP oat bran cereals) and (NP Weight Watchers and Pritikin products)))) .)) (TOP (S (NP-SBJ (NP Stores) (PP-LOC in (NP Hispanic areas))) (VP will (VP stock (NP (NP an assortment) (PP of (NP (NP Spanish-language magazines) , (NP Mexican cooking items and candies)))))) .)) (TOP (S (NP-SBJ (NP Stores) (PP-LOC in (NP (NP the company 's) core middle-class market))) (VP will (VP get (NP (NP more (ADJP frozen and quick-to-prepare) foods) and (NP (NP a greater selection) (PP of (NP bottled water)))))) .)) (TOP (S (NP-SBJ (NP V.H. Van Horn) , (NP National Convenience (NX (NX president) and (NX chief executive officer))) ,) (VP said (SBAR 0 (S (NP-SBJ the move) (VP reflects (NP (NP the company 's) realization (SBAR that (S (NP-SBJ (NP the industry 's) poor performance) (VP stems (PP-CLR (PP from (NP its failure (S (NP-SBJ *) (VP to (VP give (NP customers) (SBAR-NOM (WHNP-1 what) (S (NP-SBJ they) (VP want (NP *T*-1))))))))) -- (CONJP rather than) (PP from (NP (NP increasing competition) (PP from (NP (NP gasoline stations) and (NP 24-hour grocery stores)))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Convenience store merchandise) (VP has not (VP kept (NP-CLR pace) (PP-CLR with (NP (NP current trends) (PP-LOC in (NP consumer preferences))))))) , '' (NP-SBJ he) (VP said (S *T*-1) (PP-LOC in (NP (NP a speech) (PP-LOC at (NP (NP the company 's) annual shareholders meeting))))) .)) (TOP (S (NP-SBJ Analysts and competitors) (VP said (SBAR 0 (S (NP-SBJ the move) (VP reflects (NP (NP a growing need (S *ICH*-2)) (PP by (NP the stores)) (S-2 (NP-SBJ *) (VP to (VP expand (NP their customer base) (PP beyond (NP (NP the traditional blue-collar worker) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP pops (PP-DIR into (NP a convenience store)) (PP-CLR for (NP (NP a sandwich) , (NP cigarettes) , (NP soda) or (NP beer)))))))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ There) (VP are (NP-PRD (NP an increasing number) (PP of (NP people)) (ADVP-LOC out there) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD time-poor))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Chris Vroom) , (NP (NP retail analyst) (PP with (NP (NP Alex . Brown & Sons) (PP of (NP Baltimore)))))) .)) (TOP (S `` (NP-SBJ Those) (VP are (ADVP primarily) (NP-PRD (NP white-collar workers) , (NP (NP a customer segment) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (ADVP historically) (VP proved (ADJP-PRD elusive) (PP for (NP convenience stores))))))))) . '')) (TOP (S (NP-SBJ-2 (NP National Convenience 's) move) (VP is (ADJP-PRD likely (S (NP-SBJ-1 *-2) (VP to (VP be (VP echoed (NP *-1) (PP-LGS by (NP other chains))))))) , (SBAR-ADV though (S (NP-SBJ analysts) (VP note (SBAR that (S (NP-SBJ (NP (NP Southland Corp.) , (NP (NP owner) (PP of (NP 7-Eleven stores))) ,) and (NP Circle K Corp.)) (VP are (ADJP-PRD too debt-heavy (S (NP-SBJ *) (VP to (VP roll (PRT out) (NP such an extensive effort)))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ Southland) (VP said (SBAR (SBAR that (S (NP-SBJ its franchisees) (VP have (VP been (VP targeting (NP their merchandise) (PP-CLR to (NP their customers)) (PP-TMP for (NP years))))))) , and (SBAR that (S (NP-SBJ-1 the company) (VP has (VP begun (S (NP-SBJ *-1) (VP to (VP follow (NP suit)))))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ Southland) (VP has (VP (VP expanded (NP its bottled water selection) (PP-LOC in (NP some stores))) and (VP added (NP fresh sandwiches) (PP-LOC in (NP some outlets))))) .)) (TOP (S (S-TPC-1 (ADVP-TMP (NP Several months) ago) , (NP-SBJ it) (ADVP also) (VP added (NP black health and beauty aids displays) (PP-CLR to (NP many stores)))) , (NP-SBJ a spokeswoman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (ADVP certainly) (VP see (NP (NP an increasing trend) (PP toward (NP that))))) , '' (NP-SBJ she) (VP added (S *T*-1)) .)) (TOP (S (NP-SBJ National Convenience) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP tested (NP its new merchandise mix) (PP-LOC in (NP 100 stores)) , (PP with (NP favorable results))))))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the company 's) effort) (VP will (VP be (VP helped (NP *-1) (PP by (NP-LGS (NP its decision (S *ICH*-4)) (NP-TMP last year) (S-4 (NP-SBJ *) (VP to (VP put (NP point-of-sale scanners) (PP-PUT in (NP 200 stores)) , (S-ADV (NP-SBJ *) (VP allowing (S (NP-SBJ National Convenience) (VP to (ADVP-MNR quickly) (VP track (NP (NP items) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP are (VP selling)))) and (NP (NP those) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP are n't (VP *?*)))))))))))))))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-2) (VP To (VP promote (NP its new strategy)))) , (NP-SBJ-2 National Convenience) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP spend (NP (QP about $ 12 million) *U*) (PP-CLR on (NP advertising)) (PP-TMP for (NP (NP the year) (VP ending (NP-TMP June 30)))) , (ADVP up (PP from (NP (QP about $ 10 million) *U*) (PP-TMP in (NP fiscal 1989))))))))))) .)) (TOP (S (NP-SBJ Labor Secretary Elizabeth Dole) (VP named (NP (NP a mediator) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP help (S (NP-SBJ *-2) (VP resolve (NP (NP the lengthy labor dispute) (PP between (NP (NP the United Mine Workers) and (NP Pittston Co)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP W.J. Usery Jr.) , (NP (NP labor secretary) (PP-TMP during (NP the Ford administration))) ,) (VP was (VP named (S (NP-SBJ *-1) (VP to (VP mediate (NP talks (S (NP-SBJ *) (VP to (VP settle (NP (NP the six-month strike) (PP by (NP the UMW)))))))))))) .)) (TOP (S (NP-SBJ (NP Previous talks) (PP between (NP (NP (NP Pittston) , (PP of (NP (NP Greenwich) , (NP Conn.) ,))) and (NP the union)))) (VP have (VP been (ADJP-PRD sporadic and unsuccessful))) .)) (TOP (S (NP-SBJ The union) (VP called (NP the strike) (PP-TMP in (NP April)) (SBAR-TMP after (S (NP-SBJ-1 Pittston) (VP refused (S (NP-SBJ *-1) (VP to (VP sign (NP (NP the UMW 's) national labor pact)))))))) .)) (TOP (S (NP-SBJ Pittston) (VP seeks (NP (NP changes) (PP-LOC in (NP health and pension benefits))) , (PP among (NP other things))) .)) (TOP (S (S (NP-SBJ-1 (NP No schedule) (PP for (NP formal talks))) (VP was (VP set (NP *-1)))) , but (S (NP-SBJ-2 meetings) (VP are (VP expected (S (NP-SBJ *-2) (VP to (VP begin (ADVP-TMP-CLR soon))))))) .)) (TOP (S (NP-TMP (NP One day) (SBAR-TMP after (S (NP-SBJ Delmed Inc.) (VP (VP made (NP top management changes)) and (VP disclosed (NP (NP the end) (PP of (NP an important business tie)))))))) , (S (NP-SBJ its stock) (VP did n't (VP trade))) and (S (NP-SBJ the company) (VP forecast (NP (NP a `` significant '' drop) (NP-TMP next year) (PP in (NP (NP sales) (PP of (NP its core product))))))) .)) (TOP (S-3 (NP-SBJ That disclosure) (VP came (PRN , (S (NP-SBJ a Delmed spokeswoman) (VP said (SBAR 0 (S *T*-3)))) ,) (SBAR-TMP after (S (NP-SBJ the American Stock Exchange) (VP alerted (NP the company) (SBAR that (S (NP-SBJ trading) (VP would n't (VP resume (PP-LOC in (NP its stock)) (SBAR-TMP until (S (NP-SBJ-2 (NP additional information) (PP about (NP developments))) (VP was (VP provided (NP *-2))))))))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP the forecast)))) , (NP-SBJ the company) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP examining (NP (NP potential cost cuts) and (NP (NP reductions) (PP-LOC in (NP overhead))))))))) .)) (TOP (S (NP-SBJ The spokeswoman) (VP said (SBAR 0 (S (NP-SBJ the exchange) (VP would (VP resume (NP (NP trading) (PP of (NP Delmed stock))) (NP-TMP today)))))) .)) (TOP (S (NP-SBJ (NP Delmed) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes and sells (NP (NP peritoneal dialysis products) (VP used (NP *) (PP-LOC-CLR in (S-NOM (NP-SBJ *) (VP treating (NP kidney disease))))))))) ,) (PP-TMP on (NP Tuesday)) (VP announced (NP (NP the resignations) (PP (PP of (NP (NP Robert S. Ehrlich) , (NP (NP chairman) , (NP president) and (NP chief executive officer)) ,)) and (PP of (NP (NP Leslie I. Shapiro) , (NP (NP chief operating officer) and (NP chief financial officer))))))) .)) (TOP (S (NP-SBJ-1 They) (VP were (VP succeeded (NP *-1) (PP by (NP-LGS (NP executives) (PP of (NP (NP Fresenius USA Inc.) and (NP (NP its parent) , (NP Fresenius AG) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP owns (NP (NP (QP about 45) %) (PP of (NP Delmed))))))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ the (NAC-LOC New Brunswick , N.J. ,) company) (VP said (SBAR 0 (S (NP-SBJ (NP negotiations) (PP about (NP (NP pricing) and (NP (NP volumes) (PP of (NP product))))) (PP *ICH*-1)) (VP had (VP collapsed (PP-1 between (NP (NP it) and (NP (NP (NP its exclusive distributor) (PP-LOC in (NP the U.S.))) , (NP National Medical Care Inc))))))))) .)) (TOP (S (PP-TMP Following (NP (NP that announcement) (NP-TMP Tuesday))) , (ADVP however) , (NP-SBJ-1 company officials) (VP were (ADJP-PRD unavailable (S (NP-SBJ *-1) (VP to (VP elaborate))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ the spokeswoman) (VP said (SBAR 0 (S (NP-SBJ (NP sales) (PP of (NP Delmed products)) (PP through (NP (NP the exclusive arrangement) (PP with (NP National Medical))))) (VP accounted (PP-CLR for (NP (NP 87 %) (PP of (NP (NP (NP Delmed 's) 1988 sales) (PP of (NP (QP $ 21.1 million) *U*)))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ The current distribution arrangement) (VP ends (PP-TMP-CLR in (NP March 1990)) , (SBAR-ADV although (S (NP-SBJ Delmed) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP provide (NP (NP some supplies) (PP of (NP the peritoneal dialysis products))) (PP-DTV to (NP National Medical)))))))))))))) , (NP-SBJ the spokeswoman) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (ADVP Nonetheless) , `` (NP-SBJ Delmed) (ADVP-TMP currently) (VP expects (SBAR that (S (NP-SBJ 1990 sales) ... (VP will (VP be (PP-PRD significantly below (NP their 1989 level)))))))) , '' (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1)) (PP-LOC in (NP a statement))) .)) (TOP (S (NP-SBJ Delmed) (VP said (NP-TMP yesterday) (SBAR (SBAR that (S (NP-SBJ-1 Fresenius USA) (VP would (VP begin (S (NP-SBJ *-1) (VP distributing (NP the product))))))) and (SBAR that (S (NP-SBJ the company) (VP is (VP investigating (NP other possible distribution channels))))))) .)) (TOP (S (S-TPC-2 (PP In (NP any case)) , (NP-SBJ-1 (NP supplies) (PP to (NP patients))) (VP wo n't (VP be (VP interrupted (NP *-1))))) , (NP-SBJ the company) (VP added (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Fresenius) , (NP a (ADJP West German) pharmaceutical concern) ,) (VP has (VP been (VP discussing (NP (NP a transaction) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ-2 it) (VP would (VP buy (NP Delmed stock) (PP-CLR for (NP cash)) (PP-LOC *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP bring (NP its beneficial ownership) (PP-DIR to (NP (QP between 70 % and 80 %) *U*))))))))))))) .)) (TOP (S (NP-SBJ The transaction) (ADVP also) (VP would (VP combine (NP (NP Fresenius USA) and (NP Delmed)))) .)) (TOP (S (S-TPC-1 But (NP-SBJ-3 the plan) (ADVP-TMP now) (VP is (VP being `` (VP reformulated (NP *-3))))) , '' (NP-SBJ-4 Delmed) (VP said (S *T*-1) , (S-ADV (NP-SBJ-2 *-4) (VP declining (S (NP-SBJ *-2) (VP to (VP provide (NP (NP most) (PP of (NP (NP the new terms) (PP of (NP the combination))))))))))) .)) (TOP (SINV (VP Said (S *ICH*-1)) (NP-SBJ the spokeswoman) : `` (S-1 (NP-SBJ The whole structure) (VP has (VP changed))) .)) (TOP (S (NP-SBJ (NP The value) (PP of (NP the company))) (VP has (VP changed)) . '')) (TOP (S (NP-SBJ Delmed) (VP did (VP say (SBAR that (S (NP-SBJ the proposal) (ADVP still) (VP would (VP infuse (NP cash) (PP-CLR into (NP Delmed)) (PRN but (NP (NP less) (PP than (NP (NP the (QP $ 10 million) *U*) (VP (ADVP-TMP originally) expected (NP *)))))))))))) .)) (TOP (S (NP-SBJ Delmed) (ADVP also) (VP would (VP receive (NP (NP the North American rights) (PP to (NP certain Fresenius AG products))))) .)) (TOP (S-1 (NP-SBJ (NP Another option) (PP for (NP Delmed))) (PRN , (S (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1)))) ,) (VP is (SBAR-PRD that (S (NP-SBJ it) (VP could (VP sell (NP (NP its plant) (PP-LOC in (NP (NP Ogden) , (NP Utah))))))))) .)) (TOP (S (NP-SBJ It) (VP added (SBAR that (S (NP-SBJ (NP no discussions) (PP about (NP such a sale))) (VP are (PP-PRD under (NP way)))))) .)) (TOP (S (NP-SBJ-1 Brooks Armored Car Service Inc.) (ADVP-TMP never) (VP wanted (S (NP-SBJ *-1) (VP to (VP get (PP-CLR into (NP money laundering)))))) .)) (TOP (S But (NP-TMP July 5) , (NP-SBJ (NP a thunderstorm) (PP-LOC in (NP (NP Wilmington) , (NP Del.) ,))) (VP caused (S (NP-SBJ Shellpot Creek) (VP to (VP rise (NP-EXT 15 feet)))) , (S-ADV (NP-SBJ *) (VP pouring (NP (NP (QP 1.3 million) gallons) (PP of (NP water))) (PP-DIR into (NP basement vaults))))) .)) (TOP (S (NP-SBJ The water) (VP (VP destroyed (NP (NP (QP about $ 75 million) *U*) (PP in (NP currency)))) and (VP caked (NP (NP (QP $ 4 million) *U*) (PP of (NP coins))) (PP-CLR with (NP mud)) , (S-ADV (NP-SBJ *) (VP rendering (S (NP-SBJ them) (ADJP-PRD dangerous (PP to (NP counting machines)))))))) .)) (TOP (S (NP-SBJ-1 (NP The (QP $ 75 million) *U*) (PP in (NP paper money))) , (SBAR-ADV although (S (NP-SBJ *-1) (ADJP-PRD moldy , mildewy and smelly))) , (VP was (VP exchanged (NP *-1) (PP through (NP (NP the Federal Reserve Bank) (PP of (NP Philadelphia)))) (PP-MNR without (NP incident)))) .)) (TOP (S But (NP-SBJ-1 Brooks) (VP was (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP reach (NP a coin-cleaning agreement) (PP-CLR with (NP the government))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (ADVP kind of) (VP got (VP caught (PP-CLR between (NP bureaucracies))))) , '' (VP says (S *T*-1)) (NP-SBJ President William F. Brooks Jr) .)) (TOP (S (S-TPC-1 (S (NP-SBJ The U.S. Mint) (VP would n't (VP take (NP the coin) (SBAR-PRP because (S (NP-SBJ it) (VP was n't (VP mutilated))))))) , and (S (NP-SBJ the Federal Reserve Bank) (VP accepts (NP only clean coins)))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The Philadelphia Fed) (VP says (SBAR 0 (S (NP-SBJ it) (VP is (ADVP merely) (NP-PRD (NP an `` agent '') (PP for (NP coins)) , (ADJP responsible (PP only for (NP storage and distribution)))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ We) (VP issue (NP paper money))) ; (S (NP-SBJ we) (VP destroy (NP paper money)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Jane Hinkle) , (NP a Philadelphia Fed spokeswoman)) .)) (TOP (S `` (NP-SBJ The coin) (VP is (NP-PRD their problem)) . '')) (TOP (S (NP-SBJ A Mint official) (VP says (SBAR 0 (S (NP-SBJ-1 the agency) (VP offered (S (NP-SBJ *-1) (VP to (VP clean (NP the coins) (PP for (NP (NP its `` bare-bones '' cost) (PP of (NP (NP $ 17,000 *U*) plus (NP certain other expenses)))))))))))) .)) (TOP (S But (NP-SBJ-1 Brooks) (VP declined , (S-ADV (NP-SBJ *-1) (VP figuring (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP transporting (NP the (ADJP mucked up) money) (PP-DIR to (NP Washington)))) (VP would (VP cost (NP the company) (NP thousands more)))))))) .)) (TOP (S So (NP-SBJ Brooks) (VP gave (NP the dirty work) (PP-DTV to (NP (NP Coin Wrap Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP came (PRT up) (PP-CLR with (NP an unusual solution)))))))) .)) (TOP (S (PP-TMP For (NP (NP eight hours) (NP-ADV a day))) (PP-TMP for (NP the past two weeks)) , (PP in (NP (NP aggregates) (PP of (NP (NP (QP as much as 27,000) pounds) (PRN -LRB- (VP equaling (NP (NP $ 20,000 *U*) (PP in (NP pennies)))) -RRB-))))) , (NP-SBJ Coin Wrap) (VP has (VP been (VP pouring (NP money) (PP-DIR into (NP a cement-mixing truck))))) .)) (TOP (S (NP-SBJ-1 A giant heater) , (S-ADV (NP-SBJ *-1) (VP working (PP-MNR like (NP a blowtorch)))) , (VP (VP causes (S (NP-SBJ the mud) (VP to (VP crust)))) and (VP burns (PRT off) (NP any wrappers))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-2) (VP clanging (ADVP-CLR around) (PP-TMP for (NP an hour (QP or so)))))) , (NP-SBJ-2 the shiny , hot money) (VP pours (PP-DIR out (PP of (NP (NP the cement chute) , (SBAR (WHADVP-1 where) (S (NP-SBJ a giant vacuum) (VP sucks (ADVP-CLR away) (NP the (NX (NX dried mud) and (NX burnt wrappers))) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP cooling))) , (NP-SBJ-1 the coins) (VP are (ADVP-TMP then) (VP rewrapped (NP *-1))) .)) (TOP (S (NP-SBJ-1 Brooks) (VP expects (S (NP-SBJ *-1) (VP to (VP pay (NP Coin Wrap) (NP (NP (NP a total) (PP of (NP (QP about $ 20,000) *U*))) -- (NP (NP a cost) (SBAR (WHNP-2 that) (S (NP-SBJ insurance) (VP wo n't (VP cover (NP *T*-2))))))))))) .)) (TOP (S And (SBAR-ADV while (S (NP-SBJ-1 the job) (VP is (ADVP half) (VP done (NP *-1))))) , (NP-SBJ Brooks) (VP is (ADVP still) (ADJP-PRD bitter)) .)) (TOP (S (PP In (NP fact)) , (S (NP-SBJ there) (VP 's (NP-PRD (NP (QP only one) person) (VP involved (NP *)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD happy))))))) , and (S (NP-SBJ that) (VP 's (NP-PRD (NP Floyd String) , (NP (NP (NP president) (PP of (NP Coin Wrap))) and (NP (NP conceiver) (PP of (NP the cement-truck solution))))))) .)) (TOP (S (CONJP Not only) (SINV did (NP-SBJ his company) (VP find (NP (NP $ 20,000 *U*) (ADJP worth) (PP of (NP work))))) , but (S-2 (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 the approach) (VP was (VP suggested (NP *-1) (ADVP-TMP *T*-3))))) (PRN , (S (NP-SBJ Mr. String) (VP says (SBAR 0 (S *T*-2)))) ,) (NP-SBJ Brooks officials) `` (VP did n't (UCP (VP laugh (PP-CLR at (NP me))) or (NP-ADV anything)))) .)) (TOP (S (NP-SBJ `` (NP-TTL Parenthood) , '' (NP (NP (NP this summer 's) (ADJP successful and amusing) movie) (PP about (NP parents and children))) ,) (ADVP apparently) (VP was (NP-PRD only the beginning)) .)) (TOP (S (NP-SBJ It) (VP seems (SBAR that (S (NP-TMP every day) (NP-SBJ (NP a new movie) (VP *ICH*-1)) (VP opens (VP-1 featuring (NP (NP a child) (VP coping (PP-CLR with (NP (NP (NP a mother 's) death) , or (NP adoption) , or (NP aging parents) , or (NP pregnancy)))))))))) .)) (TOP (FRAG And (WHADVP why) not ?)) (TOP (S (S (NP-SBJ (NP Some) (PP of (NP (NP our (ADJP (ADJP best) and (ADJP most idiosyncratic)) film makers) (PRN -- (PP (PP from (NP Truffaut)) (PP to (NP Fellini)) (PP to (NP Woody Allen))) --)))) (VP have (VP taken (NP (NP a cue) (PP from (NP Chekhov)))))) : (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ it) (VP comes (PP-CLR to (NP compelling drama)) (ADVP-TMP *T*-1)))) , (NP-SBJ there) (VP 's (NP-PRD (NP no place) (PP like (NP home))))) .)) (TOP (S (ADVP Yet) (NP-SBJ-2 (NP (ADJP too many) people) (VP working (PP-LOC in (NP Hollywood)) (NP-TMP today))) (VP seem (S (NP-SBJ *-2) (VP to (VP suffer (PP-CLR from (NP the delusion (SBAR that (S (NP-SBJ (NP the drama) (VP played (PRT out) (NP *) (PP-LOC in (NP every home)))) (VP will (VP be (ADJP-PRD interesting (PP to (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP live (ADVP-LOC-CLR somewhere else))))))))))))))))) .)) (TOP (S (NP-SBJ This) (VP is not (NP-PRD the case)) .)) (TOP (S (NP-SBJ Some diaries) (ADVP simply) (VP are n't (ADJP-PRD worth (S (NP-SBJ *) (VP snooping (PP in (NP *?*)))))) .)) (TOP (S Yet (NP-SBJ there) (VP will (VP be (NP-PRD (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP sob (PP-CLR at (NP `` (NP-TTL Immediate Family) , '' (NP (NP a (ADJP (ADJP limply constructed) and (ADJP offensive)) movie) (PP about (NP adoption)))))))))))) .)) (TOP (S (NP-SBJ These) (VP are (NP-PRD (NP the sensitive souls) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP can (VP (VP empathize (PP-CLR with (NP *RNR*-1))) and (VP (ADVP even) enjoy (VP hearing (PP-CLR about (NP *RNR*-1)))) (NP-1 (NP (NP other people) 's troubles)) , (ADVP no matter (SBAR (WHADVP-4 how haltingly or predictably) (S (NP-SBJ-2 the sad tale) (VP is (VP told (NP *-2) (ADVP-MNR *T*-4)))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Written (NP *-1) (PP by (NP-LGS (NP Barbara Benedek) , (NP (NP co-author) (PP of `` (NP-TTL The Big Chill))))))) , '' `` (NP-TTL-SBJ-2 Immediate Family) '' (VP takes (NP the position (SBAR that (S (NP-SBJ (NP only rich people) (VP living (PP-LOC in (NP nice houses)))) (VP should (VP have (NP children))))))) .)) (TOP (S (NP-SBJ The film makers) (VP have (VP couched (NP this offensive idea) (PP-MNR in (NP pretty packaging)))) .)) (TOP (S (NP-SBJ (NP Everyone) (NP *ICH*-1)) (VP is (ADJP-PRD (ADJP very nice) and (ADJP good-looking)) -- (NP-1 (NP (NP the adoptive parents) (PRN -LRB- (NP (NP Glenn Close) and (NP James Woods)) -RRB-)) and (NP (NP (NP the teen-age couple) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP decide (S (NP-SBJ *-3) (VP to (VP give (PRT up) (NP their baby) (PP-CLR for (NP adoption))))))))) (PRN -LRB- (NP (NP Mary Stuart Masterson) and (NP Kevin Dillon)) -RRB-)))) .)) (TOP (S (NP-SBJ (NP Linda and Michael) (PRN -LRB- (NP (NP Ms. Close) and (NP Mr. Woods)) -RRB-) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP seem (S (NP-SBJ *-2) (VP to (VP be (VP pushing (NP 40)))))))) ,) (VP live (PP-LOC-CLR in (NP (NP a (ADJP (ADJP large) and (ADJP tastefully decorated)) home) (PP-LOC in (NP suburban Seattle))))) .)) (TOP (S (S (S (NP-SBJ (NP All) (PP of (NP their friends))) (VP have (NP children))) and (S (NP-SBJ they) (VP ca n't (VP *?*)))) , (ADVP so) (S (ADVP-TMP now) (NP-SBJ they) (VP want (NP a child) (ADVP (ADVP (ADVP more) (PP than (NP anything))) (PRN -- (ADVP perhaps) (ADVP (ADVP even more) (SBAR than (S (NP-SBJ Michael) (VP wanted (NP (NP his fancy convertible) or (NP his deluxe stereo equipment)))))))))) .)) (TOP (S (NP-SBJ (NP The idea) (PP of (NP a child-as-required-yuppie-possession))) (VP must (VP be (VP motivating (NP them) , (SBAR-TMP since (S (NP-SBJ-1 (NP the wealthy offspring) (PP of (NP their friends))) (VP are (VP shown (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP rude brats) , (RRC (PP in (NP therapy)) (PP-TMP by (NP age five)))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Having (VP exhausted (NP (NP all modern aids) (PP to (NP fertility)))))) , (NP-SBJ-1 Linda and Michael) (VP decide (S (NP-SBJ *-1) (VP to (VP adopt)))) .)) (TOP (S (S (NP-SBJ-1 The actors) (VP wear (NP pained expressions) (S-PRP (NP-SBJ *-1) (VP to (VP indicate (NP (NP their genuine longing) (PP for (NP a little one)))))))) -- or (S (ADVP maybe) (NP-SBJ they) (VP 're (ADVP-MNR not-so-subtly) (VP commenting (PP-CLR on (NP (NP (NP the inadequacy) (PP of (NP the script))) , and (NP (NP Jonathan Kaplan 's) (PRN -LRB- `` (NP-TTL The Accused) '' -RRB-) dull direction)))))) .)) (TOP (S (S Or (ADVP maybe) (NP-SBJ-1 they) (VP are (VP disgusted (NP *-1) (PP by (NP-LGS the literal-minded musical score))))) ; (S (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ a character) (VP arrives (PP-LOC-CLR at (NP a major decision)) (ADVP-TMP *T*-3)))) (NP-SBJ-2 her thoughts) (VP are (VP revealed (NP *-2) (PP by (NP-LGS (NP the sound) (PP of `` (S-TTL (NP-SBJ I) (VP Can (VP See (ADVP-MNR Clearly) (ADVP-TMP Now)))))))))) . '')) (TOP (S (S (NP-SBJ-1 The adoption agency) (VP insists (PP-CLR on (S-NOM (NP-SBJ *-1) (VP introducing (NP the adopting parents) (PP-CLR to (NP the birth mother))))))) , (ADVP so) (S (NP-SBJ Linda and Michael) (VP pay (PP-CLR for (NP (NP (NP pregnant Lucy 's) (PRN -LRB- (NP Ms. Masterson) -RRB-) bus ticket) (PP from (NP Ohio)))))) .)) (TOP (SBARQ -LRB- (WHADVP-1 Why) (SQ (PP-LOC in (NP these movies)) is (NP-SBJ the unwed pregnant woman) (ADVP-TMP always) (PP-PRD from (NP Ohio)) (ADVP-PRP *T*-1)) ?)) (TOP (S (NP-SBJ I) (VP ask (NP this) (PP-MNR (ADVP not necessarily) as (NP a native Ohioan))) . -RRB-)) (TOP (S (NP-SBJ Lucy) , (PP of (NP course)) , (VP is (ADJP-PRD (ADJP pretty and smart) , though (ADJP uneducated))) .)) (TOP (S (NP-SBJ Everyone) (VP falls (PP-CLR in (NP love)) (PP-CLR with (NP (NP everyone) (ADJP else)))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD some pain) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 Lucy) (VP (VP has (NP the baby)) and `` (VP did n't (VP know (SBAR 0 (S (NP-SBJ she) (VP would (VP feel (PP-CLR like (NP this)))))))) '' and (VP wants (S (NP-SBJ *-1) (VP to (VP keep (NP the baby))))) (ADVP-TMP *T*-2))))) .)) (TOP (S But (PP-TMP in (NP the end)) , (NP-SBJ everything) (VP turns (PRT out) (PP-CLR for (NP the best)) , (PP in (NP (NP the film makers ') warped view))) .)) (TOP (S (PP-MNR Like (NP (NP lawyers) (PP-LOC in (NP the hostile takeover field)))) , (NP-SBJ the baby) (VP goes (SBAR-DIR (WHADVP-1 where) (S (NP-SBJ the money) (VP is (ADVP-LOC-PRD *T*-1))))) .)) (TOP (S (PP-LOC-PRD-TPC-1 At (NP (NP the other end) (PP of (NP the life cycle)))) (VP is (PP-LOC-PRD *T*-1)) (NP-SBJ `` (NP-TTL Dad) , '' (NP (NP (NP Gary David Goldberg 's) adaptation) (PP of (NP the William Wharton novel)))) .)) (TOP (S (NP-SBJ This picture) (VP is (PP-PRD about (NP (NP a middle-aged son) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP makes (ADJP sure (SBAR that (S (NP-SBJ (NP his delayed bond) (PP with (NP his father))) (VP will (VP last))))) (PP-MNR by (S-NOM (NP-SBJ-2 *-3) (VP waiting (S (NP-SBJ *-2) (VP to (VP cement (NP it)))) (SBAR-TMP until (SBAR just before (S (NP-SBJ the old man) (VP dies))))))))))))) .)) (TOP (S (NP-SBJ (NP The glib emotional style) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Goldberg) (VP has (VP perfected (NP *T*-1) (PP-LOC on (NP (NP television 's) `` (NX-TTL Family Ties) ''))))))) (VP does n't (VP benefit (PP-CLR from (NP magnification)))) .)) (TOP (S (NP-SBJ His characters) (VP (ADVP practically) scamper (PP-DIR through (NP (NP a vast range) (PP of (NP human emotions)))) , (PP-MNR like (NP (NP travelers) (VP doing (NP 10 cities) (PP-TMP in (NP eight days)))))) .)) (TOP (S (NP-SBJ-1 They) (VP pause (S-PRP (ADVP only) (NP-SBJ *-1) (VP to (VP register (NP (NP (NP little whimpers) (PP of (NP distress))) and (NP (NP sighs) (PP of (NP satisfaction))))))) , (PP-MNR like (NP (NP tourists) (VP cataloging (NP (NP the sights) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP 've (VP seen (NP *T*-2) (PP from (NP (NP the window) (PP of (NP a bus))))))))))))) .)) (TOP (S (NP-SBJ Not even (NP Jack Lemmon 's) expert doddering) (VP makes (S (NP-SBJ-1 this trip) (ADJP-PRD worth (S (NP-SBJ *-1) (VP taking))))) .)) (TOP (S So (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP 's (ADJP-PRD entirely possible) (SBAR-2 that (S `` (S-TTL-SBJ (NP-SBJ *) (VP Look (SBAR (WHNP-1 Who) (S (NP-SBJ *T*-1) (VP 's (VP Talking)))))) '' (VP is n't (ADJP-PRD (ADJP as entertaining) (SBAR as (S (NP-SBJ it) (VP seems (S *?*))))) (PP in (NP (NP comparison) (PP to (NP (NP the turgid other films) (VP opening (ADVP-TMP now)))))))))) .)) (TOP (S But (PP by (NP comparison)) , (NP-SBJ this fluffy comedy) (VP seems (PP-CLR like (NP a gem))) .)) (TOP (S (NP-SBJ It) (VP (VP starts (PP with (NP conception)) , (S-ADV (NP-SBJ *) (VP taking (NP (NP (NP the sperm 's) point) (PP of (NP view)))))) , (VP (ADVP then) progresses (PP-CLR to (NP (NP (NP the baby 's) point) (PP of (NP view)))))) .)) (TOP (S (S (NP-SBJ (NP (NP Bruce Willis 's) best attribute) (PP as (NP an actor))) (VP is (NP-PRD his coy , lazy voice))) , and (S (NP-SBJ that) (VP 's (NP-PRD (NP all) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP get (NP *T*-1) (PP-CLR of (NP him)) (ADVP-LOC here) , (S-ADV (NP-SBJ *) (VP speaking (PP for (NP the baby)))))))))) .)) (TOP (S (S (ADVP Finally) , (NP-SBJ there) (VP is (NP-PRD (NP one family movie) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (ADVP-MNR quite eloquently) explores (NP (NP the depth) (PP of (NP human emotion))))))))) -- (S (ADVP only) (NP-SBJ its stars) (VP are (NP-PRD bears))) .)) (TOP (S (PP-TMP For (NP the second time)) , (PP-LOC in (NP (NP a movie) (VP called (S (NP-SBJ *) `` (NP-PRD The Bear))))) , '' (NP-SBJ French director Jean-Jacques Annaud) (VP demonstrates (SBAR-NOM (WHADJP-1 just how powerful) (S (NP-SBJ pictures) (VP can (VP be (ADJP-PRD *T*-1)))))) .)) (TOP (S -LRB- `` (NP-TTL-SBJ (NP Quest) (PP for (NP Fire))) '' (VP was (NP-PRD the first time)) . -RRB-)) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP be (ADJP-PRD sure)))) , (NP-SBJ one) (VP wonders (SBAR (WHNP-1 (WHNP what kind) (PP of (NP man)) (SBAR *ICH*-6)) (S (NP-SBJ *T*-1) (VP is (NP-PRD this) , (SBAR-6 (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (VP feels (VP compelled (S (NP-SBJ-5 *-4) (VP to (VP try (S (NP-SBJ *-5) (VP to (VP understand (NP the (ADJP most primitive) longing and instinct) (PP-MNR in (NP (NP a way) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP requires (NP (NP the (ADJP most sophisticated) appreciation) (PP of (NP visual storytelling)))))))))))))))))))))) .)) (TOP (S (ADVP Supposedly) , (NP-SBJ he) (VP proposed (NP the movie) (PP-CLR to (NP (NP his producer) , (NP Claude Berri) ,)) (PP-MNR in (NP four lines))) :)) (TOP (NP `` An orphan bear cub .)) (TOP (NP A big solitary bear .)) (TOP (NP (NP Two hunters) (PP-LOC in (NP the forest)) .)) (TOP (NP (NP (NP The animals ') point) (PP of (NP view)) . '')) (TOP (S But (ADVP then) , (NP-SBJ even a great many words) (VP could n't (VP summarize (NP (NP the extraordinary pull) (PP of (NP (NP this movie) (PP about (NP (NP an orphaned bear) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP adopts (NP a parent))))))))))) .)) (TOP (NP Video Tip :)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the best movies) (PP about (NP the child-parent thing)) (PP-TMP in (NP recent years))))) (VP was (NP-PRD `` (S-TTL (NP-SBJ *) (VP Raising (NP Arizona))) , '' (NP (NP the 1987 (NP Coen brothers ') comedy) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (ADVP definitely) was not (PP-PRD about (NP (NP the folks) (PP-LOC next (NP door)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 Westinghouse Electric Corp.) , (S-ADV (NP-SBJ *-2) (VP capitalizing (PP-CLR on (NP a major restructuring program)))) , (VP expects (NP (NP (NP operating margins) (PP of (NP (QP more than 10) %))) and (NP double-digit per-share earnings growth)) (NP-TMP next year))) , (NP-SBJ top officers) (VP told (NP (NP securities analysts) (ADVP-LOC here)) (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP John C. Marous) , (NP (NP chairman) and (NP chief executive officer)) ,) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ the company) (VP expects (S (NP-SBJ (NP sales) (PP from (NP continuing businesses))) (VP to (VP rise (NP-EXT 8.5 %) (ADVP-TMP annually) (PP-TMP through (NP the next three years))))))))) .)) (TOP (S (PP-TMP In (NP 1988)) , (NP-SBJ the company) (VP earned (NP (NP (QP $ 822.8 million) *U*) , or (NP (NP $ 5.66 *U*) (NP-ADV a share))) , (PP on (NP (NP sales) (PP of (NP (QP $ 12.49 billion) *U*))))) .)) (TOP (S (PP-TMP Since (NP 1983)) , (NP-SBJ-2 Westinghouse) (VP has (VP shed (NP (NP 70 businesses) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP did n't (VP expect (S (NP-SBJ *T*-1) (VP to (VP produce (NP (ADJP 10 %) operating margins))))))))) (SBAR-ADV while (S (NP-SBJ *-2) (VP acquiring (NP 55 businesses)))))) .)) (TOP (S (PP-TMP In (NP (NP the past 20 months) (ADVP alone))) , (NP-SBJ (NP Paul E. Lego) , (NP (NP president) and (NP chief operating officer)) ,) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the divestiture) (PP of (NP (NP (QP $ 300 million) *U*) (PP of (NP slow-growth , low-profit businesses))))) (VP has (VP been (ADVP more than) (VP offset (NP *-1) (PP by (NP-LGS (NP (QP $ 600 million) *U*) (PP in (NP profitable acquisitions)))))))))) .)) (TOP (S (NP-SBJ-1 Westinghouse) (VP expects (S (NP-SBJ *-1) (VP to (VP meet (NP its corporate goals)))) (PP despite (NP (NP a softening) (PP-LOC in (NP the economy))))) .)) (TOP (S (S-TPC-1 (SBAR-ADV Even if (S (NP-SBJ the gross national product) (VP is (UCP-PRD either (ADJP flat) or (PP in (NP (NP the growth range) (PP of (NP (QP 2 % to 2.5 %) *U*)))))))) , `` (NP-SBJ we) (VP can (VP handle (NP that)))) , '' (NP-SBJ Mr. Marous) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ GNP) (VP is (NP-PRD (NP the total value) (PP of (NP (NP (NP the nation 's) output) (PP of (NP goods and services)))))) .)) (TOP (S (NP-SBJ A bright spot) (VP is (NP-PRD (NP (NP the company 's) power-generation business) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP experiencing (NP (NP a surge) (PP of (NP growth))) (PP-TMP for (NP (NP the first time) (PP-TMP in (NP years)))))))))) .)) (TOP (S (NP-SBJ Mr. Marous) (VP said (SBAR 0 (S (NP-SBJ the business) (VP will (VP achieve (NP (NP higher sales) (PP *ICH*-1)) (NP-TMP this year) (PP-1 than (NP (NP (NP the company 's) target goal) (PP of (NP 8.5 %))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Westinghouse) (VP has n't (VP had (NP (NP a nuclear power plant order) (PP from (NP a U.S. utility))) (PP-TMP in (NP about a decade)))))) , (NP-SBJ-1 excess capacity) (VP is (VP beginning (S (NP-SBJ *-1) (VP to (VP shrink))))) .)) (TOP (S (NP-SBJ Mr. Lego) (VP said (SBAR 0 (S (NP-SBJ the company) (VP foresees (NP (NP the need) (PP for (NP (NP a major boost) (PP in (NP new-generation capability)) (PP-TMP throughout (NP the 1990s))))))))) .)) (TOP (S (NP-SBJ-1 Westinghouse) (ADVP also) (VP is (ADJP-PRD well positioned (S (NP-SBJ *-1) (VP to (VP sell (NP steam turbine and gas turbine plants) (PP-DTV to (NP independent power producers))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The company 's) ability (S (NP-SBJ *) (VP to (VP respond (PP-CLR to (NP energy needs)) (ADVP-LOC world-wide))))) (VP will (VP be (VP enhanced (NP *-1) (PP-MNR through (NP (NP a (ADJP recently announced) venture) (PP with (NP Mitsubishi Heavy Industries)))))))) , (NP-SBJ Mr. Lego) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-2 He) (VP said (SBAR 0 (S (NP-SBJ-1 the independent power segment) (VP could (VP grow (S (NP-SBJ *-1) (VP to (VP provide (NP (NP (QP as much as 50) %) (PP of (NP near-term generation capacity)))))))))) , (S-ADV (NP-SBJ *-2) (VP adding : `` (S (NP-SBJ-3 We) (VP expect (S (NP-SBJ *-3) (VP to (VP supply (NP (NP a significant share) (PP of (NP this market))))))))))) . '')) (TOP (S (NP-SBJ Westinghouse) (ADVP also) (VP expects (S (NP-SBJ its international sales) (VP to (ADVP-TMP soon) (VP grow (PP-DIR to (NP (NP 25 %) (PP of (NP total corporate sales)))) (PP-DIR from (NP 20 %) (NP-TMP last year)))))) .)) (TOP (S (NP-SBJ-2 The company) (VP is (VP negotiating (PP-CLR with (NP the Soviets)) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP build (NP (NP a Thermo King truck-refrigeration plant) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP produce (NP (QP about 10,000) units) (ADVP-TMP annually))))))))))) .)) (TOP (S (NP-SBJ Mr. Marous) (VP said (SBAR 0 (S (NP-SBJ Westinghouse) (VP would (VP own (NP (NP 70 %) (PP of (NP the facility)))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 (NP The deal) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP will (VP involve (NP an initial (ADJP (QP $ 20 million) *U*) investment))))) ,) (VP was (VP struck (NP *-1) (PP-MNR with (NP a handshake))))) , (NP-SBJ he) (VP added (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Company officials) (ADVP also) (VP said (SBAR that (S (NP-SBJ-1 (NP any gain) (PP from (NP (NP the sale) (PP of (NP (NP (NP Westinghouse 's) (ADJP 55 %) stake) (PP in (NP (NP its transmission and distribution venture) (PP with (NP (NP the Swiss firm) (PP of (NP Asea Brown Boveri))))))))))) (VP will (VP be (VP offset (NP *-1) (PP by (NP-LGS a restructuring charge)) (PP-TMP in (NP the fourth quarter)))))))) .)) (TOP (S (NP-SBJ The executives) (VP did n't (VP disclose (NP (NP the size) (PP of (NP the expected gain))))) .)) (TOP (S-1 (NP-SBJ (NP Capital expenditure) (PP-TMP in (NP 1990))) (VP will (VP rise (ADVP-EXT slightly) (PRN , (S (NP-SBJ Mr. Marous) (VP said (SBAR 0 (S *T*-1)))) ,) (PP-DIR from (NP an (QP estimated $ 470 million) *U*) (NP-TMP this year)))) .)) (TOP (S (NP-SBJ (NP SHORT INTEREST) (PP in (NP International Mobile Machines Corp.))) (VP fell (PP-DIR to (NP 3,102,935 shares) (PP-TMP in (NP (NP the month) (VP ended (NP-TMP Oct. 13))))) (PP-DIR from (NP 3,420,936) (PP-TMP in (NP September)))) .)) (TOP (S (PP-PRP Because of (NP (NP an error) (PP by (NP (NP the National Association) (PP of (NP Securities Dealers)))))) , (NP-SBJ the listing) (VP appeared (ADVP-CLR incorrectly) (PP-LOC in (NP (NP the main table) and (NP several highlight tables))) (PP-LOC in (NP (NP yesterday 's) edition))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP A proposed conflict-of-interest policy) (PP for (NP (ADJP federally funded) biomedical researchers))) (VP may (VP thwart (NP many high-technology new ventures)))) , (VP say (SBAR 0 (S *T*-1))) (NP-SBJ (NP financiers) , (NP researchers) and (NP university administrators)) .)) (TOP (S (NP-SBJ The (NAC National Institutes (PP of (NP Health))) policy) (VP would (VP require (S (NP-SBJ researchers) (VP to (VP (VP cut (NP (NP financial ties) (PP with (NP health-care businesses)))) -- or (VP lose (NP their government money))))))) .)) (TOP (S (PP Among (NP other concerns)) , (NP-SBJ the agency) (VP says (SBAR 0 (S (NP-SBJ-1 (NP researchers) (PP with (NP business ties))) (VP are (ADJP-PRD more likely (S (NP-SBJ-2 *-1) (VP to (VP falsify (NP findings) (SBAR-PRP in order (S (NP-SBJ *-2) (VP to (VP tout (NP new drugs))))))))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ (NP ties) (PP between (NP (NP academia) and (NP venture capital)))) (VP have (VP blossomed (PP-TMP in (NP recent years)))))) , (NP-SBJ (NP governmental fear) (PP of (NP abuse))) (VP has (VP risen)) .)) (TOP (SINV (S-TPC-1 But (NP-SBJ the guidelines) (VP could `` (VP make (S (NP-SBJ (NP it) (S *EXP*-2)) (ADJP-PRD impossible) (S-2 (NP-SBJ *) (VP to (VP commercialize (NP research)))))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Kenneth Smith) , (NP (NP associate provost) and (NP (NP vice president) (PP for (NP research))) (PP-LOC at (NP (NP Massachusetts Institute) (PP of (NP Technology)))))) .)) (TOP (S (NP-SBJ The NIH) (VP is (VP asking (NP (NP grant recipients) and (NP others)) (PP-CLR for (NP (NP comments) (PP on (NP the proposed guidelines)))) (PP-TMP until (NP Dec. 15)))) .)) (TOP (S (PP-TMP After (NP that)) , (NP-SBJ it) (VP will (VP make (NP (NP a final decision) (PP on (NP the policy))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The guidelines) (VP could (VP foil (NP (NP future arrangements) (ADJP similar (PP to (NP (NP the deal) (PP behind (NP (NP Lithox Inc.) , (NP a (NAC-LOC Salem , Mass. ,) start-up)))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Robert Daly) , (NP (NP a managing partner) (PP of (NP (NP TA Associates) , (NP a venture-capital firm))))) .)) (TOP (S (PP With (NP (QP $ 2.3 million) *U*)) , (NP-SBJ (NP he) and (NP other investors)) (VP launched (NP-1 Lithox) (NP-TMP last year) (S-PRP (NP-SBJ *-1) (VP to (VP market (NP (NP a gallstone cure) (VP being (VP developed (NP *) (PP by (NP-LGS (NP researchers) (PP of (NP (NP the University) (PP of (NP California)) (PP-LOC at (NP San Diego))))))))))))) .)) (TOP (S (NP-SBJ (NP The researchers) , (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP are (VP being (VP financed (NP *-1) (PP by (NP-LGS the Lithox funds))))))) ,) (VP will (VP receive (NP a (NX (NX royalty) , or (NX (NX percentage) (PP of (NP sales))) ,)) (SBAR-ADV if (S (NP-SBJ their research) (VP yields (NP a commercial product)))))) .)) (TOP (S (S-TPC-1 But (SBAR-PRP because (S (NP-SBJ (NP the University) (PP of (NP California))) , (PP like (NP many other universities)) , (VP shares (NP its royalties) (PP with (NP researchers))))) , (NP-SBJ it) (VP may (VP disqualify (NP itself) (PP-CLR from (NP federal funds)) (PP-LOC under (NP the proposed guidelines)))) ,) (NP-SBJ Mr. Daly) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The high-tech industry) (VP is (ADJP-PRD full (PP of (NP (NP the kind) (PP of (NP arrangement)) (SBAR (WHNP-1 that) (S (NP-SBJ the new guidelines) (VP would (VP affect (NP *T*-1))))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ-2 (NP Commonwealth BioVentures Inc.) , (NP a venture-capital concern) ,) (NP-TMP last month) (VP invested (NP $ 600,000 *U*) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP launch (NP (NP Amira Inc.) , (NP (NP a (NAC-LOC Worcester , Mass. ,) concern) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP produce (NP pharmaceuticals))))))))))) .)) (TOP (S (NP-SBJ Scientists Rima Kaddurah-Daouk and Paul Schimmel) (VP conducted (NP the initial research) (PP-LOC at (NP (NP the Massachusetts Institute) (PP of (NP Technology))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-2 Ms. Kaddurah-Daouk) (VP left (NP MIT) (S-PRP (NP-SBJ *-2) (VP to (VP head (NP Amira))))))) , (NP-SBJ-1 Prof. Schimmel) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP (VP work (PP-LOC at (NP MIT))) , (VP serve (PP-CLR on (NP (NP Amira 's) board))) and (VP own (NP (NP a small equity stake) (PP in (NP the company))))))))) .)) (TOP (S (NP-SBJ The Amira transaction) (VP is (ADJP-PRD typical (PP of (NP (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ venture-capital firms) (VP are (VP approaching (NP (NP the task) (PP of (S-NOM (NP-SBJ *) (VP commercializing (NP biotechnology research))))) (ADVP-MNR *T*-1))))))))) .)) (TOP (SINV (S-TPC-1 (SBAR-ADV While (S (NP-SBJ universities) (VP develop (NP the basic research)))) , `` (NP-SBJ venture capitalists) (VP are (NP-PRD (NP the ones) (VP (ADVP best) positioned (S (NP-SBJ *) (VP to (VP finance (NP its commercialization)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Gloria W. Doubleday) (PP of (NP Commonwealth))) .)) (TOP (S `` (NP-SBJ This) (VP is (NP-PRD (NP the best way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP transfer (NP technology) (PP-CLR straight off (NP (NP the campuses) (PP of (NP universities)))) (ADVP-MNR *T*-1))))))) . '')) (TOP (S (S-TPC-2 But (NP-SBJ the new guidelines) (VP could (VP prevent (NP-3 (NP scientists) (PP like (NP Prof. Schimmel))) (PP-CLR from (S-NOM (NP-SBJ-1 *-3) (VP being (VP involved (NP *-1) (PP-CLR with (NP (NP start-ups) (PP such as (NP Amira)))))))))) ,) (NP-SBJ venture capitalists) (VP point (PRT out) (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-2 And (SBAR-ADV if (S (NP-SBJ that) (VP happens))) , (NP-SBJ-1 (NP the entire process) (PP of (S-NOM (NP-SBJ *) (VP transferring (NP technology) (PP-DIR to (NP the marketplace)))))) (VP could (VP be (VP harmed (NP *-1)))) ,) (NP-SBJ they) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP The stakes) (PP-LOC in (NP the controversy))) (VP are (ADJP-PRD large)) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ-1 venture capitalists) (VP spent (NP an (QP estimated $ 600 million) *U*) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP finance (NP start-up companies) (PP-LOC in (NP (UCP medical and biotechnology) businesses))))) , (PP according (PP to (NP (NP the National Venture Capital Association) , (NP a trade group))))) .)) (TOP (S (NP-SBJ (NP Many) (PP of (NP the deals))) (VP involved (NP (NP transactions) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ-2 scientific institutions or researchers) (VP agreed (S (NP-SBJ *-2) (VP to (VP commercialize (NP their work)))) (PP in (NP (NP return) (PP for (NP (NP an equity stake) or (NP royalties))))) (PP-LOC *T*-1)))))) .)) (TOP (SINV (S-TPC-1 (PP-LOC In (NP (NP many) (PP of (NP these deals)))) , `` (NP-SBJ venture capitalists) (VP had (NP the inside track))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Lawrence Bock) (PP of (NP (NP Avalon Ventures) , (NP-LOC (NP La Jolla) , (NP Calif))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Investors) (VP were (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP gamble (PP-CLR on (NP new technologies)) (SBAR-PRP because `` (S (NP-SBJ we) (VP had (NP (NP exclusive rights) (PP to (NP those technologies)))))))))))) , '' (NP-SBJ he) (VP adds (SBAR 0 (S *T*-2))) .)) (TOP (S But (PP-LOC under (NP the proposed guidelines)) , (NP-SBJ-2 all (ADJP federally funded) research) (VP will (VP have (S (NP-SBJ-1 *-2) (VP to (VP be (VP reported (NP *-1) (ADVP-MNR publicly) (SBAR-PRP so that (S (NP-SBJ anyone) (VP can (VP capitalize (PP-CLR on (NP the work)))))))))))) .)) (TOP (S `` (S-TPC-1 (PP Without (NP the exclusivity)) , (NP-SBJ most venture capitalists) (VP wo n't (VP have (NP the incentive (S (NP-SBJ *) (VP to (VP invest (PP-CLR in (NP such deals))))))))) , '' (NP-SBJ Mr. Bock) (VP says (S *T*-1)) .)) (TOP (S (NP-TMP Last year) , (PP for (NP example)) , (NP-SBJ-1 Avalon and others) (VP invested (NP (QP $ 14 million) *U*) (PP-LOC-CLR in (NP (NP Athena Neurosciences Inc.) , (NP-LOC (NP South San Francisco) , (NP Calif.)))) , (S-PRP (NP-SBJ *-1) (VP to (VP license and develop (NP (NP technology) (PP for (NP (NP delivery) (PP of (NP drugs)) (PP to (NP the brain))))))))) .)) (TOP (S (S-TPC-2 But (SBAR-TMP before (S (NP-SBJ-1 Athena) (VP was (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP get (NP (NP an exclusive license) (PP to (NP the technology)))))))))) , (NP-SBJ the Federal Register) (VP published (NP (NP most) (PP of (NP the details))) , `` (S-ADV (NP-SBJ *) (VP giving (NP (NP all) (PP of (NP (NP the company 's) potential competitors))) (NP a chance (S (NP-SBJ *) (VP to (VP exploit (NP it))))))))) , '' (NP-SBJ Mr. Bock) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Athena) (VP (VP (ADVP-TMP eventually) acquired (NP (NP exclusive rights) (PP to (NP the technology)))) and (VP (ADVP-TMP currently) is (VP developing (NP it)))) .)) (TOP (SINV But , (VP says (S *ICH*-1)) (NP-SBJ Mr. Bock) , `` (S-1 (NP-SBJ It) (VP was (NP-PRD a close call))) . '')) (TOP (S (S-TPC-1 (NP-SBJ The proposed guidelines) (VP could (ADVP also) (VP (VP delay (NP commercialization)) -- and (VP force (S (NP-SBJ small companies) (VP to (VP waste (NP scarce capital)))))))) , (NP-SBJ entrepreneurs) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (SINV (S-TPC-1 (SBAR-ADV If (S (NP-SBJ start-ups) (VP ca n't (VP have (NP (NP early access) (PP to (NP (NP research) (VP being (VP conducted (NP *) (PP-LOC at (NP institutions))))))))))) , `` (NP-SBJ-2 we) (VP have (S (NP-SBJ *-2) (VP to (VP (VP replicate (NP it) (NP-ADV ourselves)) or (VP do (PP-CLR without (NP the research)))))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Ruth Emyanitoff) , (NP (NP manager) (PP of (NP business development)) (PP-LOC at (NP (NP Applied bioTechnology Inc.) , (NP a (NAC-LOC Cambridge , Mass. ,) concern))))) .)) (TOP (S (S-TPC-1 (S-NOM-SBJ (NP-SBJ *) (VP Duplicating (NP research))) (VP is (ADJP-PRD both costly and time-consuming) (PP for (NP a start-up)))) , (NP-SBJ Ms. Emyanitoff) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (PP For (NP its part)) , (NP-SBJ NIH) (VP insists (SBAR that (S (NP-SBJ its guidelines) `` (VP should not (VP stifle (NP (NP research creativity) or (NP (NP technology transfer) (PP from (NP the research laboratory)) (PP to (NP commercial use))))))))) . '')) (TOP (SINV (S-TPC-4 (NP-SBJ-2 (NP Universities) (PP such as (NP Harvard and MIT))) (VP should (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP develop (NP (NP a way) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP act (PP-CLR as (NP (NP brokers) (PP for (NP the individual scientists)))) (ADVP-MNR *T*-3))))))))))))) , (VP says (SBAR 0 (S *T*-4))) (NP-SBJ (NP Katherine Bick) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP oversees (NP the huge NIH grants program) (PP-MNR as (NP (NP its deputy director) (PP for (NP extramural research)))))))) .)) (TOP (S (NP-SBJ NIH staff members) (VP believe (SBAR 0 (S (NP-SBJ-2 the guidelines) (VP are (ADJP-PRD essential (S (NP-SBJ *-2) (VP to (VP prevent (NP (NP the escalation) (PP of (NP (NP problems) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP have (ADVP already) (VP begun (S (NP-SBJ *-3) (VP to (VP surface (PP-LOC in (NP scientific ventures)))))))))))))))))))) .)) (TOP (S (ADVP-TMP Not long ago) , (NP-SBJ-1 (NP scientists) (VP holding (NP (NP stock) (PP-LOC in (NP Spectra Pharmaceutical Services Inc.))))) (VP were (VP accused (NP-2 *-1) (PP-CLR of (S-NOM (NP-SBJ-3 *-2) (VP falsifying (NP research) (S-PRP (NP-SBJ *-3) (VP to (VP boost (NP the stock))))))))) .)) (TOP (S (NP-SBJ Many officials) (VP are (ADVP also) (ADJP-PRD concerned (PP about (NP (NP companies) (VP getting (NP (NP a `` free ride '') (PP on (NP government-sponsored research)))))))) .)) (TOP (S (NP-SBJ A congressional subcommitee) (VP has (VP been (VP investigating (NP (NP the potential abuse) (PP from (NP (NP researchers) (VP holding (NP (NP stock) (PP-LOC in (NP (NP companies) (VP exploiting (NP their research)))))))))))) .)) (TOP (S (PP Among (NP other provisions)) , (NP-SBJ the NIH guidelines) (VP would (VP prohibit (NP-3 (NP researchers) and (NP (NP members) (PP of (NP their immediate families)))) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP holding (NP (NP stock) (PP-LOC in (NP (NP any company) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP is (VP affected (NP *-1) (PP by (NP-LGS (NP the outcome) (PP of (NP their research)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Ms. Bick) , (NP the NIH administrator) ,) (VP says (SBAR 0 (S (NP-SBJ the (UCP business and scientific) community) (VP is (VP overreacting (PP-CLR to (SBAR-NOM (WHNP-1 what) (S (NP-SBJ the agency) (ADVP merely) (VP meant (S (NP-SBJ *T*-1) (VP to (VP be `` (NP-PRD (NP ideas) (PP for (NP discussion))))))))))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ (NP The predictions) (PP of (NP doom))) (VP are `` (ADJP-PRD premature))) , '' (NP-SBJ she) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP agencies) (PP like (NP the NIH))) (VP circulate (NP guidelines) (ADVP-TMP *T*-1)))) , (NP-SBJ they) (VP 've (ADVP-TMP often) (ADVP already) (VP formulated (NP policy)))) , (NP-SBJ veteran scientists) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ institutions) (ADVP already) (VP are (VP taking (NP-CLR note))) .)) (TOP (S (PP-TMP On (NP Sept. 14)) , (NP-SBJ-2 Harvard) (VP began (S (NP-SBJ *-2) (VP circulating (NP (NP a conflict-of-interest policy statement) (SBAR (WHNP-1 that) , (S (PP in (NP effect)) , (NP-SBJ *T*-1) (VP would (VP follow (NP the NIH guidelines) (ADVP-MNR faithfully))))))))) .)) (TOP (S (NP-SBJ (NP The University) (PP of (NP California)) (PP-LOC at (NP San Francisco))) (VP is (ADVP also) (VP circulating (NP (NP a memo) (SBAR *ICH*-1)) (PP-CLR among (NP its scientific faculty)) (SBAR-1 (WHNP-2 that) (S (NP-SBJ *T*-2) (VP will (VP restrict (NP (NP contact) (PP with (NP (NP the world) (PP of (NP business))))))))))) .)) (TOP (S (PP-LOC In (NP many other institutions)) , (NP-SBJ scientists) (VP are (VP shunning (NP (NP contacts) (PP with (NP venture investors))) (SBAR-TMP until (S (NP-SBJ-1 the NIH policy) (VP is (VP settled (NP *-1))))))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ (NP Mr. Daly) , (NP the venture capitalist)) : `` (S-1 (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP does n't (VP matter (SBAR-2 whether (S (NP-SBJ they) (VP call (S (NP-SBJ it) (NP-PRD guidelines or policy)))))))) .)) (TOP (S (NP-SBJ-1 The damage) (VP is (ADVP already) (VP done (NP *-1))) .)) (TOP (FRAG (NP-TMP Friday) , (NP-TMP Oct. 27) , (NP-TMP (NP 9 p.m.-midnight) (NP EDT)) , (PP-LOC on (NP PBS)) (PRN -LRB- (S (S (NP-SBJ PBS air dates and times) (VP vary)) , (ADVP so) (S (NP-SBJ *) (VP check (NP local listings)))) -RRB-) : `` (NP-TTL Show Boat) . '')) (TOP (S (NP-SBJ (NP New Jersey 's) Paper Mill Playhouse) (VP produced (NP (NP this faithful revival) (PP of (NP (NP (NP America 's) (ADJP most influential) musical) , (VP (VP written (NP *) (PP by (NP-LGS (NP Jerome Kern) and (NP Oscar Hammerstein)))) and (VP (ADVP first) produced (NP *) (PP-LOC on (NP Broadway)) (PP-TMP in (NP 1927)))))))) .)) (TOP (FRAG (ADJP Worth (S (NP-SBJ *) (VP watching))) , (SBAR-ADV although (S (NP-SBJ the music) (VP has (VP lasted (ADVP-MNR (ADVP better) (PP than (NP (NP the plot) or (NP the humor)))))))) .)) (TOP (FRAG (NP-TMP Saturday) , (NP-TMP Oct. 28) , (NP-TMP (NP 8-10 p.m.) (NP EDT)) , (PP-LOC on (NP HBO)) (PRN -LRB- (VP repeated (NP *) (NP-TMP (NP Oct. 31) , (NP Nov. 5 , 8 , 14 , 16 and 20))) -RRB-) : `` (NP-TTL Perfect Witness) . '')) (TOP (S (NP-SBJ (NP Aidan Quinn) , (NP Brian Dennehy) and (NP Stockard Channing)) (VP are (ADJP-PRD excellent) (PP-LOC in (NP (NP this gripping tale) (PP of (NP (NP a reluctant witness) (PP-LOC in (NP an organized crime prosecution))))))) .)) (TOP (S (S (NP-SBJ-1 It) (VP 's (VP set (NP *-1) (PP-LOC-CLR in (NP New York))))) , but (S (NP-SBJ it) (VP resonates (PP-CLR with (NP (NP the terrible dynamics) (PP of (NP the (ADJP Latin American) drug wars)))))) .)) (TOP (FRAG (NP-TMP Sunday) , (NP-TMP Oct. 29) , (NP-TMP (NP 8-11 p.m.) (NP EST)) , (PP-LOC on (NP ABC)) : `` (NP-TTL The Final Days) . '')) (TOP (NP No doubt (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP irk (NP everyone)))))) (PP-LOC in (NP (NP this AT&T-sponsored dramatization) (PP of (NP (NP (NP (NP Bob Woodward) and (NP Carl Bernstein) 's) book) (PP about (NP Watergate))))))))) .)) (TOP (S (ADVP Personally) , (NP-SBJ-2 I) (VP 'm (VP irked (NP *-2) (PP by (NP-LGS (NP its combination) (PP of (NP ponderousness and timidity)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP adds (PRT up) (PP-CLR to (NP (NP an utter lack) (PP of (NP drama))))))))))) .)) (TOP (FRAG (NP-TMP Sunday) , (NP-TMP Oct. 29) , (NP-TMP (NP 10-11 p.m.) (NP EST)) , (PP-LOC on (NP Showtime)) (PRN -LRB- (VP repeated (NP *) (NP-TMP Nov. 2 , 6 , 11 and 15)) -RRB-) : `` (NP-TTL (NP The Strange Case) (PP of (NP (NP Dr. Jekyll) and (NP Mr. Hyde)))) . '')) (TOP (S (NP-SBJ-1 (NP Fans) (PP of (NP (NP Anthony Andrews) (PRN -LRB- `` (NP-TTL Brideshead Revisited) '' -RRB-)))) (VP will (VP relish (S (NP-SBJ *-1) (VP watching (S (NP-SBJ him) (VP play (NP the title role -LRB- s -RRB-) (PP-LOC in (NP (NP the 19th-century Robert Louis Stevenson pre-Freudian drama) (PP of (NP schizoid horror)))))))))) .)) (TOP (FRAG (NP-TMP Monday) , (NP-TMP Oct. 30) , (NP-TMP (NP 10-11 p.m.) (NP EST)) , (PP-LOC on (NP PBS)) : `` (NP-TTL (NP Journey) (PP Into (NP Sleep))) . '')) (TOP (S (NP-SBJ I) (VP promise (SBAR 0 (S (NP-SBJ you) (VP will (VP stay (ADJP-PRD awake) (PP through (NP (NP this intriguing documentary) (PP about (NP (NP the science) (PP of (NP sleep))))))))))) .)) (TOP (FRAG (NP-TMP Wednesday) , (NP-TMP Nov. 1) , (NP-TMP (NP 9-10:30 p.m.) (NP EST)) , (PP-LOC on (NP PBS)) : `` (NP-TTL Thomas Hart Benton) . '')) (TOP (S (NP-SBJ-1 Critical opinion) (VP is (VP divided (NP *-1) (PP-CLR about (NP (NP the success) (PP of (NP (NP (NP Benton 's) populist defiance) (PP of (NP modernist art)))))))) .)) (TOP (S But (NP-SBJ no one) (VP could (VP disagree (SBAR that (S (NP-SBJ Ken Burns) (VP has (VP made (NP (NP a fascinating film) (PP about (NP this famous American painter))))))))) .)) (TOP (FRAG (NP-TMP Thursday) , (NP-TMP Nov. 2) , (NP-TMP (NP 9-10 p.m.) (NP EST)) , (PP-LOC on (NP A&E)) (PRN -LRB- (VP repeated (NP *) (PP-TMP (PP at (NP 1 a.m.)) and (PP on (NP Nov. 5)))) -RRB-) : `` (NP-TTL (NP Third and Oak) : (NP The Pool Hall)) . '')) (TOP (S (NP-SBJ (NP A one-acter) (PP by (NP the Pulitzer Prize-winning playwright Marsha Norman))) (VP is (NP-PRD (NP the first presentation) (PP-LOC in (NP (NP a new series) (VP called (S (NP-SBJ *) `` (NP-PRD American Playwrights Theater))) , '' (VP sponsored (NP *) (PP by (NP-LGS General Motors))))))) .)) (TOP (S (NP-SBJ (NP James Earl Jones) and (NP Mario Van Peebles)) (VP carry (PRT out) (NP (NP a bitter intergenerational dialogue) (PP between (NP two black men)))) .)) (TOP (FRAG (NP-TMP Thursdays) , (NP-TMP Nov. 2-23) , (NP-TMP (NP 10-11 p.m.) (NP EST)) , (PP-LOC on (NP PBS)) : `` (NP-TTL (NP Taiwan) : (NP The Other China)) . '')) (TOP (S (NP-SBJ Judy Woodruff) (VP hosts (NP (NP this handsome four-part series) (PP about (NP (NP the history , economy , culture and politics) (PP of (NP (NP the island home) (PP of (NP Chinese democracy and capitalism)))))))) .)) (TOP (FRAG (NP-TMP Friday) , (NP-TMP Nov. 3) , (NP-TMP (NP 9-11 p.m.) (NP EST)) , (PP-LOC on (NP PBS)) : `` (NP-TTL Our Town) . '')) (TOP (S (ADVP Along (PP with `` (NP-TTL Show Boat))) , '' `` (NP-TTL-SBJ Great Performances) '' (VP kicks (PRT off) (NP its new season) (PP with (NP (NP this Lincoln Center production) (PP of (NP (NP (NP Thornton Wilder 's) (ADJP best known) play) , (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 (NP the role) (PP of (NP the small-town Stage Manager))) (VP is (VP given (NP *-1) (NP a hip twist) (PP by (NP-LGS performance artist Spalding Gray)) (PP-LOC *T*-2)))))))))) .)) (TOP (FRAG (NP-TMP Saturday) , (NP-TMP Nov. 4) , (NP-TMP (NP 1:30-6 p.m.) (NP EST)) , (PP-LOC on (NP NBC)) : (NP-TTL (NP Breeder 's) Cup Day) .)) (TOP (NP (NP (NP Polished hooves) , (NP fancy turf) , (NP fat purses)) -- (NP (NP the horse race) (PP of (NP the year))) .)) (TOP (FRAG (NP-TMP Sunday) , (NP-TMP Nov. 5) , (NP-TMP (NP 10:30 a.m.-1:30 p.m.) (NP EST)) , (PP-LOC on (NP ABC)) : (NP-TTL New York City Marathon) .)) (TOP (NP (NP (NP Shiny Nikes) , (NP cracked cement) , (NP media glory)) -- (NP (NP the foot race) (PP of (NP the year))) .)) (TOP (FRAG (NP-TMP Sunday) , (NP-TMP Nov. 5) , (NP-TMP (NP 8-9 p.m.) (NP EST)) , (PP-LOC on (NP TNT)) : `` (NP-TTL (NP (NP Gary Cooper) : (NP (NP American Life) , (NP American Legend)))) . '')) (TOP (S (S (NP-SBJ I) (VP 've (VP seen (NP a (ADJP great many) moviestar film portraits)))) , and (S (NP-SBJ this one) (VP is (ADJP-PRD outstanding))) .)) (TOP (FRAG (NP-TMP Sundays) , (NP-TMP Nov. 5-12) , (NP-TMP (NP 9-10:30 p.m.) (NP EST)) , (PP-LOC on (NP PBS)) : `` (NP-TTL (NP Glory) (ADJP Enough) (PP for (NP All))) . '')) (TOP (SQ Can `` (NP-TTL-SBJ Masterpiece Theatre) '' (VP make (NP a compelling human story) (PP-CLR out (PP of (NP (NP the discovery) (PP of (NP insulin)))))) ?)) (TOP (S (NP-SBJ This earthy , amusing film) (VP answers (PP-MNR with (NP a resounding `` yes))) . '')) (TOP (FRAG (NP-TMP Sunday and Monday) , (NP-TMP Nov. 5 and 6) , (NP-TMP (NP 9-11 p.m.) (NP EST)) , (PP-LOC on (NP NBC)) : `` (NP-TTL (NP Cross) (PP of (NP Fire))) . '')) (TOP (S (NP-SBJ-1 The Ku Klux Klan) (VP was (VP revived (NP *-1) (PP-TMP in (NP the 1920s)) (PP-CLR as (NP (NP a national organization) (VP aimed (NP *) (PP-CLR at (NP (NP Catholics and Jews) (CONJP as well as) (NP blacks)))))))) .)) (TOP (S (NP-SBJ (NP One reason) (PP for (NP its downfall))) (VP was (NP-PRD (NP the murder trial) (PP of (NP (NP D.C. Stephenson) , (NP (NP an Indiana leader) (SBAR (WHNP-2 whose reckless career) (S (NP-SBJ-1 *T*-2) (VP is (VP depicted (NP *-1) (PP-LOC in (NP (NP this film) (VP starring (NP (NP (NP Mel Harris) (PRN -LRB- `` (NP-TTL thirtysomething) '' -RRB-)) and (NP John Heard)))))))))))))) .)) (TOP (FRAG (NP-TMP Tuesday) , (NP-TMP Nov. 7) , (NP-TMP (NP 8-9 p.m.) (NP EST)) , (PP-LOC on (NP PBS)) : `` (NP-TTL Hurricane) ! '')) (TOP (SQ Has (NP-SBJ the San Francisco earthquake) (VP caused (S (NP-SBJ you) (VP to (VP forget (NP Hugo))))) ?)) (TOP (S (NP-SBJ You) (VP 'll (VP remember (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ you) (VP see (NP (NP the stunning footage) (VP taken (NP *) (PP-LOC from (PP inside (NP (NP a hurricane 's) eye))))) , (PP-LOC in (NP (NP this edition) (PP of `` (NP-TTL NOVA)))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ-1 (NP Merksamer Jewelers Inc.) , (NP a fast-growing jewelry store chain) ,) (VP filed (PP-CLR for (NP (NP Chapter 11 bankruptcy-law protection) (PP from (NP creditors)))) , (S-PRP (ADVP apparently) (NP-SBJ *-1) (VP to (VP speed (NP (NP a management buy-out) (PP of (NP the chain))))))) .)) (TOP (S (NP-SBJ (NP The filing) , (VP made (NP *) (NP-TMP yesterday) (PP-LOC in (NP (NP U.S. Bankruptcy Court) (ADVP-LOC here)))) ,) (VP follows (NP (NP an agreement (S *ICH*-1)) (PP by (NP (NP L.J. Hooker Corp.) , (NP (NP Merksamer 's) owner) ,)) (S-1 (NP-SBJ *) (VP to (VP sell (NP the chain) (PP-DTV to (NP management)) (PP-CLR for (NP an undisclosed price))))))) .)) (TOP (S (NP-SBJ (NP GE Capital Corp.) , (NP (NP a financial services subsidiary) (PP of (NP General Electric Co.))) ,) (VP is (VP providing (NP Merksamer management) (PP-CLR with (NP (NP (QP $ 15 million) *U*) (PP in (NP financing)))))) .)) (TOP (S (NP-SBJ (NP L.J. Hooker) , (VP based (NP *) (PP-LOC-CLR in (NP Atlanta))) ,) (VP (VP filed (PP-CLR for (NP Chapter 11 protection)) (PP-TMP in (NP August))) and (VP has (ADVP also) (VP announced (NP its intention (S (NP-SBJ *) (VP to (VP sell (NP its B. Altman & Co. department store chain)))))))) .)) (TOP (S (NP-SBJ-1 L.J. Hooker) (VP is (VP owned (NP *-1) (PP-LGS by (NP (NP Hooker Corp.) , (NP-LOC (NP Sydney) , (NP Australia) ,) (SBAR (WHNP-3 (WHNP which) (NP itself)) (S (NP-SBJ-2 *T*-3) (VP is (ADVP-TMP currently) (VP being (VP managed (NP *-2) (PP by (NP-LGS a court-appointed provisional liquidator))))))))))) .)) (TOP (S (NP-SBJ (NP (NP L.J. Hooker 's) planned sale) (PP of (NP Merksamer))) (VP is (ADJP-PRD subject (PP to (NP (NP approval) (PP by (NP (NP Judge Tina Brozman) (PP of (NP U.S. Bankruptcy Court)))))))) .)) (TOP (S (NP-SBJ (NP Rumors) (PP to (NP the effect (SBAR that (S (NP-SBJ the Merksamer chain) (VP would (VP file (PP-CLR for (NP Chapter 11))))))))) (VP arose (NP-TMP last week) (PP-LOC in (NP the jewelry industry))) .)) (TOP (S (PP-TMP At (NP that time)) , (NP-SBJ (NP Sam Merksamer) , (NP (NP president) (PP of (NP the chain))) ,) (VP (ADVP-MNR angrily) denied (SBAR that (S (NP-SBJ-1 his company) (VP was (VP about (S (NP-SBJ *-1) (VP to (VP file)))))))) .)) (TOP (S (NP-SBJ Mr. Merksamer) (VP is (VP leading (NP the buy-out))) .)) (TOP (S (PP According (PP to (NP (NP executives) (ADJP close (PP to (NP the situation)))))) , (NP-SBJ-1 Merksamer) (VP filed (PP-CLR for (NP Chapter 11)) (S-PRP (NP-SBJ *-1) (VP to (VP speed (NP (NP the sale) (PP of (NP the chain))))))) .)) (TOP (S (NP-SBJ One executive) (VP said (SBAR 0 (S (NP-SBJ (NP an accord) (VP signed (NP *) (PP by (NP-LGS (NP the unsecured creditors) (PP of (NP L.J. Hooker Corp.)))))) (VP had (VP frozen (PP-LOC-CLR in (NP place)) (NP (NP all) (PP of (NP (NP L.J. Hooker 's) assets)))))))) .)) (TOP (S (NP-SBJ-1 The Merksamer bankruptcy-law filing) (VP appears (S (NP-SBJ *-1) (VP to (VP supersede (NP that agreement))))) .)) (TOP (SINV `` (S-TPC-1 (PP-MNR By (S-NOM (NP-SBJ *-3) (VP filing (PP-CLR for (NP Chapter 11))))) , (NP-SBJ-3 the Merksamer chain) (VP will (ADVP only) (VP need (NP (NP approval) (PP from (NP a bankruptcy judge)) (PP for (NP the sale))) , (PRN not (NP (NP the hundreds) (PP of (NP unsecured creditors))))))) , '' (VP said (S *T*-1)) (NP-SBJ this executive) .)) (TOP (S `` (S (NP-SBJ (NP The cash) (PP from (NP the sale))) (VP will (VP go (PP-CLR to (NP L.J. Hooker))))) , but (S (NP-SBJ (NP the company) (NP itself)) (VP will (VP belong (PP-CLR to (NP Sam Merksamer))))) . '')) (TOP (S (NP-SBJ (NP Mr. Merksamer) and (NP (NP Sanford Sigoloff) , (NP (NP chief executive) (PP of (NP L.J. Hooker))) ,)) (VP were (ADJP-PRD unavailable (PP for (NP comment)))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ Mr. Merksamer) (VP (VP described (NP the filing) (PP-CLR as (NP a `` legal technicality))) , '' but (ADVP also) (VP said (SBAR that `` (S (NP-SBJ-1 our inability (S (NP-SBJ *) (VP to (VP obtain (NP trade credit))))) , (S-ADV (NP-SBJ-2 *-1) (VP combined (NP *-2) (PP-CLR with (NP a need (S (NP-SBJ *) (VP to (VP ensure (SBAR that (S (NP-SBJ our stores) (VP were (VP (ADVP-MNR properly) stocked (PP-CLR for (NP the Christmas season))))))))))))) , (VP necessitated (S (NP-SBJ our) (VP filing (NP Chapter 11)))))))) . '')) (TOP (S (NP-SBJ (NP The jewelry chain) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Sacramento) , (NP Calif.))))))) ,) (VP had (NP (NP (NP revenue) (PP of (NP (QP $ 62 million) *U*))) and (NP (NP operating profit) (PP of (NP (QP $ 2.5 million) *U*)))) (PP-TMP for (NP (NP the year) (VP ended (NP-TMP-CLR June 30))))) .)) (TOP (S (PP For (NP (NP all) (PP of (NP (NP (NP this year 's) explosive run-up) (PP in (NP stock prices)))))) , (NP-SBJ (NP Renaissance Investment Management Inc. 's) computer) (VP sat (PP-LOC-CLR on (NP the sidelines))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ it) (VP 's (PP-LOC-PRD on (NP the fence))) .)) (TOP (S (NP-SBJ-2 (NP Renaissance) , (NP a Cincinnati-based money manager) ,) (VP began (S (NP-SBJ *-2) (VP buying (NP stocks) (ADVP again) (NP-TMP this week) (PP with (NP (NP half) (PP of (NP (NP the (QP $ 1.8 billion) *U*) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP oversees (NP *T*-1) (PP for (NP clients))))))))))) , (PP according (PP to (NP (NP people) (ADJP familiar (PP with (NP (NP the firm 's) revised strategy))))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-TMP-PRD (NP the first time) (PP-TMP since (NP January)) (SBAR (WHADVP-1 that) (S (NP-SBJ Renaissance) (VP has (VP thought (SBAR 0 (S (NP-SBJ stocks) (VP are (ADJP-PRD worth (S (NP-SBJ *) (VP owning)))))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (S (NP-SBJ-1 Renaissance) (VP declined (S (NP-SBJ *-1) (VP to (VP confirm (NP the move)))))) , but (S (NP-SBJ-2 its stock purchases) (VP were (VP thought (S (NP-SBJ *-2) (VP to (VP have (VP begun (NP-TMP-CLR Tuesday))))) , (S-ADV (NP-SBJ-4 *-2) (VP timed (S (NP-SBJ *-4) (VP to (VP coincide (PP-CLR with (NP (NP the maturity) (NP-TMP this week) (PP of (NP (NP Treasury bills) (VP owned (NP *) (PP by (NP-LGS the firm))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The other half) (PP of (NP its portfolio))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP remain (ADJP-PRD invested (PP-LOC in (NP Treasury bills))) (PP-TMP for (NP (NP the time) (VP being)))))))) .)) (TOP (S (NP-SBJ Wall Street executives) (VP said (SBAR 0 (S (NP-SBJ they) (VP believed (SBAR that (S (NP-SBJ-1 (NP Renaissance 's) (ADJP (QP $ 900 million) *U*) buy program) (VP was (VP carried (NP *-1) (PRT out) (PP by (NP-LGS PaineWebber Inc)))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ *) (VP reported))) , (NP-SBJ PaineWebber) (VP bought (NP shares) (NP-TMP Tuesday) (PP-CLR as (NP (NP part) (PP of (NP a customer strategy shift)))) , (SBAR-ADV although (S (NP-SBJ-1 (NP the broker 's) client) (VP was (VP said (ADVP-TMP then) (S (NP-SBJ *-1) (VP to (VP have (VP been (NP-PRD Japanese)))))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ PaineWebber) (VP declined (NP comment)) .)) (TOP (S (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ it) (VP owns (NP stocks) (ADVP-TMP *T*-2)))) , (NP-SBJ-1 (NP Renaissance 's) portfolio) (ADVP typically) (VP is (VP composed (NP *-1) (PP-CLR of (NP (QP about 60) large-capitalization issues))))) ; (S (S-PRP (NP-SBJ *-3) (VP to (VP make (NP buy or sell moves)))) , (NP-SBJ-3 the firm) (VP solicits (NP Wall Street brokerage houses) (PP-TMP (NP-ADV a day (QP or so)) in (NP advance)) , (S-ADV (NP-SBJ *-3) (VP looking (PP-CLR for (NP the best package price)) (S-PRP (NP-SBJ *) (VP to (VP carry (PRT out) (NP the trades)))))))) .)) (TOP (S (NP-SBJ-1 (NP The broker) (VP winning (NP the business))) (VP (VP does n't (VP charge (NP commissions))) , but (VP (ADVP instead) profits (PP-MNR by (S-NOM (NP-SBJ *-1) (VP buying or selling (PP-CLR for (NP (NP less) (PP than (NP the overall package price))))))))) .)) (TOP (S (NP-SBJ That) (VP puts (NP the broker) (PP-PUT at (NP risk)) (SBAR-ADV if (S (NP-SBJ-1 it) (VP 's (VP trying (S (NP-SBJ *-1) (VP to (VP buy (NP stock) (PP-LOC in (NP a rising market)))))))))) .)) (TOP (S (PP-LOC In (NP (NP Tuesday 's) gyrating session)) , (NP-SBJ the Dow Jones Industrial Average) (VP (VP fell (PP-EXT by (NP 80 points)) (ADVP-TMP early (PP in (NP the day)))) , but (VP finished (PP with (NP (NP less) (PP than (NP a four-point loss)))))) .)) (TOP (S (NP-SBJ (NP (NP Renaissance 's) last portfolio shift) , (VP carried (PRT out) (NP *) (PP by (NP-LGS Goldman , Sachs & Co.))) ,) (VP was (NP-PRD (NP a (ADJP highly publicized) decision (S *ICH*-1)) (NP-TMP last January) (S-1 (NP-SBJ *) (VP to (VP (VP sell (NP its entire stock portfolio)) and (VP buy (NP Treasury bills))))))) .)) (TOP (S (NP-SBJ (NP The sell signal) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP sent (NP a bearish chill) (PP-DIR through (NP the stock market))))) ,) (VP came (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP Renaissance 's) computer) (VP found (SBAR that (S (NP-SBJ-3 stocks) (VP were (VP overpriced (NP *-3) (PP compared (PP with (NP (NP bonds) and (NP Treasury bills)))))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (PP-TMP At (NP the time)) , (NP-SBJ the Dow Jones Industrial Average) (VP stood (PP-CLR at (NP (QP about 2200)))) .)) (TOP (S (NP-SBJ The Dow average) (ADVP-TMP now) (VP stands (ADVP-CLR (NP (QP more than 20) %) higher) , (SBAR-ADV while (S (NP-SBJ (NP (NP Renaissance 's) portfolio) (PP of (NP Treasurys))) (VP produced (NP (NP a return) (PP of (NP (QP about 6) %))) (PP-TMP through (NP (NP the first three quarters) (PP of (NP the year)))))))) .)) (TOP (S (NP-SBJ (NP The computer 's) miscalculation) (VP has (VP been (ADJP-PRD painful) (PP for (NP Renaissance)))) .)) (TOP (S (NP-SBJ (NP Almost any money manager) (VP holding (NP stocks))) (VP has (VP turned (PRT in) (NP better results) , (SBAR-ADV while (S (NP-SBJ Renaissance) (VP has (VP played (NP-CLR it) (ADVP-CLR safe) (PP-MNR with (NP Treasury bills)))))))) .)) (TOP (SBARQ So (WHADVP-3 why) (SQ does (NP-SBJ (NP Renaissance 's) computer) (VP like (NP (NP stocks) (PP with (NP (NP the Dow) (PP-LOC at (NP (NP 2653.28) , (SBAR (WHADVP-1 where) (S (NP-SBJ it) (VP closed (NP-TMP yesterday) (ADVP-LOC *T*-1))))))))) (ADVP-PRP *T*-3) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ it) (VP did n't (VP *?* (PP with (NP (NP the Dow) (PP-LOC at (NP 2200)))) (ADVP-TMP *T*-2))))))) ?)) (TOP (S `` (S-TPC-1 (PP With (NP (NP (NP the decline) (PP in (NP stock prices))) and (NP continued (ADJP low or stable) interest rates))) , (NP-SBJ stocks) (VP are (VP representing (NP a better value) (NP-TMP all the time)))) , '' (NP-SBJ Renaissance President Frank W. Terrizzi) (VP said (S *T*-1) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ Three-month T-bill yields) (VP have (VP fallen (PP-DIR to (NP 7.8 %)) (PP-DIR from (NP (QP about 9) %) (PP-TMP at (NP (NP the start) (PP of (NP the year))))))) .)) (TOP (S (NP-SBJ Stock prices) , (ADVP-TMP meanwhile) , (VP are (ADVP-PRD (ADVP (NP (QP about 140) points) lower) (PP than (NP (NP the peak) (PP of (NP 2791.41)) (VP reached (NP *) (PP-LOC on (NP the Dow industrial average)) (NP-TMP Oct. 9)))))) .)) (TOP (SQ Are (NP-SBJ those declines) (ADJP-PRD enough (S (NP-SBJ *) (VP to (VP signal (NP (NP a partial return) (PP to (NP stocks))))))) ?)) (TOP (S (NP-SBJ-1 Mr. Terrizzi) (VP wo n't (VP say (ADVP-MNR specifically) , (S-ADV (NP-SBJ *-1) (VP explaining (SBAR that (S (SBAR-ADV if (S (NP-SBJ there) (VP was (NP-PRD such a move)))) , (NP-SBJ it) (VP would (VP take (NP (QP about three) days) (S-PRP-CLR (NP-SBJ *) (VP to (VP complete (NP (NP the loose ends) (PP of (NP the transaction)))))))))))))) .)) (TOP (S (PP-TMP During (NP that time)) , (NP-SBJ-3 (NP a buyer) (PP with (NP (NP the clout) (PP of (NP a Renaissance))))) (VP could (VP end (PRT up) (S (NP-SBJ *-3) (VP driving (PRT up) (NP (NP the price) (PP of (NP (NP stocks) (SBAR (WHNP-1 0) (S (NP-SBJ-2 it) (VP was (VP trying (S (NP-SBJ *-2) (VP to (VP buy (NP *T*-1))))))))))) (SBAR-ADV if (S (NP-SBJ it) (VP tipped (NP its hand)))))))) .)) (TOP (S (S But (NP-SBJ everything) (VP is (ADJP-PRD relative) (PP to (NP Mr. Terrizzi)))) , (ADVP so) (S (NP-SBJ stocks) (PP in (NP his view)) (VP can (VP become (ADJP-PRD more attractive) (PP in (NP (NP comparison) (PP with (NP bonds or T-bills)))) , (SBAR-ADV even if (S (NP-SBJ shares) (VP are (ADJP-PRD (ADJP more expensive) (PP than (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 they) (VP were (VP sold (NP *-1) (PP-TMP in (NP January)) (ADVP-TMP *T*-2))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Our -LCB- computer -RCB- model) (VP has (NP a certain trigger point))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the computer) (VP says (S (NP-SBJ *) (VP switch)) (ADVP-TMP *T*-1)))) , (NP-SBJ Renaissance) (VP switches) .)) (TOP (S (NP-SBJ The firm) (VP has (VP made (NP (NP 17 previous shifts) (PP from (NP (NP one type) (PP of (NP asset)))) (PP to (NP another))) (PP-TMP in (NP its 10-year history)))) .)) (TOP (S (NP-SBJ Almost all) (VP have (VP involved (NP (QP at least half) and often (NP the firm 's) entire portfolio) , (SBAR-ADV as (S (NP-SBJ-1 the computer) (VP searches (PP-CLR for (NP the (ADJP most undervalued) investment category)) , (S-ADV (NP-SBJ *-1) (VP following (NP (NP a money-management style) (VP called (S (NP-SBJ *) (NP-PRD tactical asset allocation))))))))))) .)) (TOP (S (S (NP-SBJ Competing asset-allocation firms) (VP march (PP-CLR to (NP their own computer models)))) , (ADVP so) (S (NP-SBJ some) (VP have (VP been (ADJP-PRD (ADVP partly or fully) invested (PP in (NP stocks))) (NP-TMP this year) (SBAR-ADV while (S (NP-SBJ Renaissance) (VP has (VP sat (PP-LOC-CLR on (NP the sidelines))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ competitors) (VP say (SBAR 0 (S (NP-SBJ Renaissance) (VP has (VP been (VP looking (PP-CLR for (NP any opportunity (S (NP-SBJ-2 *) (VP to (VP (VP return (PP-CLR to (NP the stock market))) , (CONJP rather than) (VP risk (S (NP-SBJ-3 *-2) (VP losing (NP business) (PP-MNR by (S-NOM (NP-SBJ-1 *-3) (VP continuing (S (NP-SBJ *-1) (VP to (VP remain (ADJP-PRD fully invested (PP in (NP Treasury bills))))))))))))))))))))))) .)) (TOP (S (S (NP-SBJ Mr. Terrizzi) (VP confirms (SBAR 0 (S (NP-SBJ (NP some clients) (PP *ICH*-1)) (VP have (VP left (NP Renaissance) , (PP-1 but (NP no major ones)) ,)))))) and (S (NP-SBJ the firm) (VP has (VP added (NP new accounts)))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP David Evans) , (SBAR (WHNP-1 who) (S (NP-TMP last week) (NP-SBJ *T*-1) (VP resigned (PP-CLR as (NP (NP (NP president) and (NP chief executive)) (PP of (NP Qintex Entertainment Inc.)))) `` (PP-PRP for (NP personal reasons)) '' (SBAR-TMP just as (S (NP-SBJ the company) (VP filed (PP-CLR for (NP bankruptcy-law protection)))))))) ,) (VP has (VP been (ADVP temporarily) (VP reappointed (PP-CLR to (NP both positions)))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Qintex Entertainment) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ (NP Chief Financial Officer and Treasurer Jonathan Lloyd) , (ADJP (NP 37 years) old) ,) (VP would (VP join (NP the nine-member board)))))) .)) (TOP (S (NP-SBJ He) (VP succeeds (NP (NP Roger Kimmel) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP resigned (NP-TMP last week) (S-ADV (NP-SBJ *-2) (VP saying (SBAR 0 (S (NP-SBJ (NP his participation) (PP in (S-NOM (NP-SBJ *) (VP evaluating (NP (NP (NP the company 's) role) (PP-LOC in (S-NOM (NP-SBJ *) (VP buying (NP MGM/UA Communications Co.))))))))) (VP was (ADVP-TMP no longer) (ADJP-PRD necessary))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ Mr. Evans) (VP will (VP stay (UCP-TMP (SBAR until (S (NP-SBJ-1 a successor) (VP is (VP found (NP *-1))))) , but (ADVP (ADVP not later) (PP than (NP (NP the end) (PP of (NP the year))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S-CLF (NP-SBJ It) (VP was (NP-PRD the 49-year-old Mr. Evans) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP (VP moved (PP-DIR into (NP (NP the offices) (PP of (NP MGM/UA))))) and (VP run (NP the company) (PP-TMP during (NP (NP (NP Qintex Australia Ltd. 's) aborted bid) (PP for (NP the movie company)))))))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ MGM/UA) (VP terminated (NP the (ADJP (QP $ 1.5 billion) *U*) merger) (PP-PRP because of (NP (NP a dispute) (PP over (NP (NP a (ADJP (QP $ 50 million) *U*) letter) (PP of (NP credit))))))))) , (NP-SBJ (NP Qintex Entertainment) (PRN -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD 43%-owned (PP by (NP Qintex Australia)))))) --)) (VP found (S (NP-SBJ itself) (VP facing (NP (NP problems) (PP of (NP its own)))))) .)) (TOP (S And (NP-SBJ-1 (NP the relationship) (PP between (NP (NP Qintex Entertainment) and (NP the Australian company)))) (VP appears (S (NP-SBJ *-1) (VP to (VP be (VP (ADVP-MNR quickly) deteriorating))))) .)) (TOP (S (PP-TMP On (NP Oct. 19)) , (NP-SBJ-1 Qintex Entertainment) (VP was (VP about (S (NP-SBJ *-1) (VP to (VP default (PP-CLR on (NP (NP a (ADJP (QP $ 5.9 million) *U*) payment) (VP owed (NP *) (PP-DIR to (NP MCA Inc.)) (PP in (NP (NP connection) (PP with (NP (NP the distribution) (PP of (NP a television program)))))))))))))) .)) (TOP (S (NP-SBJ Qintex Entertainment) (VP was (VP depending (PP-CLR on (NP-1 Qintex Australia)) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP arrange (NP financing)))))) .)) (TOP (S But (ADVP-TMP early) (PP-TMP on (NP (NP Oct. 19) , (NP (NP the second) (PP of (NP (NP two hectic days) (PP of (NP board meetings))))) ,)) (NP-SBJ Mr. Evans) (VP said (SBAR 0 (S (NP-SBJ he) (VP believed (SBAR 0 (S (NP-SBJ Qintex Australia) (VP would n't (VP be (ADJP-PRD forthcoming))))))))) .)) (TOP (S (NP-SBJ He) (VP recommended (SBAR that (S (NP-SBJ the company) (VP file (PP-CLR for (NP (NP protection) (PP-LOC under (NP (NP Chapter 11) (PP of (NP the U.S. Bankruptcy Code)))))) (PP-TMP before (NP the MCA deadline))))) , (PP according (PP to (NP (NP a source) (ADJP familiar (PP with (NP the sessions))))))) .)) (TOP (S But (NP-SBJ (NP a majority) (PP of (NP (NP the board) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP (NP three members) (PP from (NP the Australian company)))))) ,))) (VP overrode (NP him)) .)) (TOP (S (NP-SBJ Mr. Evans) (VP resigned) .)) (TOP (S (ADVP-TMP Later (PP in (NP the day))) , (PP according (PP to (NP the source))) , (NP-SBJ-1 the board) (VP (VP reversed (NP itself)) , (VP decided (S (NP-SBJ *-1) (VP to (VP file (PP-CLR for (NP bankruptcy protection)))))) , and (VP asked (NP-2 Mr. Evans) (S (NP-SBJ *-2) (VP to (VP stay (PRT on)))))) .)) (TOP (S (NP-SBJ Mr. Evans) (VP told (NP the board) (SBAR 0 (S (NP-SBJ-1 he) (VP needed (NP the weekend) (S-PRP (NP-SBJ *-1) (VP to (VP think (PP-CLR about (NP it))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Evans) (VP could n't (VP be (VP reached (NP *-1) (NP-TMP yesterday) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-TMP Last Monday) , (NP-SBJ Qintex Australia) (VP (VP announced (NP a restructuring plan)) and (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP sell (PRT off) (NP assets))))))) .)) (TOP (S (NP-TMP Last week) (NP-SBJ the company) (VP indicated (SBAR 0 (S (NP-SBJ it) (VP would (VP cut (ADVP-CLR back) (PP-CLR on (NP (NP the working capital) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP would (VP supply (NP *T*-1) (PP-DTV to (NP Qintex Entertainment))))))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ-1 a Qintex Entertainment shareholder) (VP filed (NP suit) (PP-LOC in (NP (NP federal court) (PP-LOC in (NP Los Angeles)))) (S-ADV (NP-SBJ *-1) (VP charging (NP-2 Qintex Australia) (PP-CLR with (S-NOM (NP-SBJ *-2) (VP misleading (NP shareholders) (PP about (NP (NP Qintex Entertainment 's) financial position)))))))) .)) (TOP (S (NP-SBJ Qintex Australia) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP had n't (VP seen (NP the suit))) and (VP could n't (VP comment)))))) .)) (TOP (S (NP-SBJ The Sept. 25 `` Tracking Travel '' column) (VP advises (NP-2 readers) (S (NP-SBJ-3 *-2) (VP to `` (VP Charge (PP-MNR With (NP Caution)) (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ *-3) (VP Traveling (ADVP-LOC Abroad) (ADVP-TMP *T*-1))))) '')) (SBAR-PRP because (S (NP-SBJ-4 credit-card companies) (VP charge (NP 1 %) (S-PRP-CLR (NP-SBJ *-4) (VP to (VP convert (NP foreign-currency expenditures) (PP-CLR into (NP dollars))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ this) (VP is (NP-PRD (NP the best bargain) (ADJP available (PP to (NP (NP someone) (VP traveling (ADVP-LOC abroad))))))) .)) (TOP (S (PP In (NP (NP contrast) (PP to (NP (NP the (ADJP 1 %) conversion fee) (VP charged (NP *) (PP by (NP-LGS Visa))))))) , (NP-SBJ-1 foreign-currency dealers) (ADVP-TMP routinely) (VP charge (NP (QP 7 % or more) *U*) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP convert (NP U.S. dollars) (PP-CLR into (NP foreign currency)))))) .)) (TOP (S (PP On (NP (NP top) (PP of (NP this)))) , (NP-SBJ (NP the traveler) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP converts (NP his dollars) (PP-CLR into (NP foreign currency)) (SBAR-TMP before (S (NP-SBJ the trip) (VP starts))))))) (VP will (VP lose (NP interest) (PP-TMP from (NP (NP the day) (PP of (NP conversion)))))) .)) (TOP (S (PP-TMP At (NP (NP the end) (PP of (NP the trip)))) , (NP-SBJ-2 any unspent foreign exchange) (VP will (VP have (S (NP-SBJ-1 *-2) (VP to (VP be (VP converted (NP *-1) (ADVP-CLR back (PP into (NP dollars))) , (PP with (NP (NP another commission) (ADJP due))))))))) .)) (TOP (S (NP-SBJ The card holder) (VP will (VP pay (NP the modest (ADJP 1 %) fee) (PP-CLR only on (NP (NP the amounts) (VP (ADVP actually) needed (NP *)))))) .)) (TOP (S (ADVP Typically) , (NP-SBJ he) (VP (VP will (VP be (VP billed (PP (NP-ADV (QP only several) weeks) after (NP the expenditure))))) , and (VP (ADVP-TMP then) has (NP (NP another couple) (PP of (NP weeks))) (SBAR-TMP before (S (NP-SBJ-1 he) (VP has (S (NP-SBJ *-1) (VP to (VP pay (NP the bill))))))))) .)) (TOP (S (PP-TMP In (NP the meantime)) , (NP-SBJ-1 the money) (VP can (VP continue (S (NP-SBJ *-1) (VP to (VP earn (NP (NP interest) (NP *ICH*-2)) (PP-BNF for (NP the card holder)) (PRN -- (ADVP-TMP often) (NP-2 (NP (QP more than 1) %) (PP-TMP during (NP (NP that `` float '' period) (ADVP alone)))))))))) .)) (TOP (NP Daniel Brigham)) (TOP (NP Visa U.S.A. Inc .)) (TOP (S (NP-SBJ-1 MGM Grand Inc.) (VP has (VP agreed (S (NP-SBJ-2 *-1) (VP to (VP pay (NP (NP (QP $ 93 million) *U*) and (NP (QP nearly 1.8 million) common shares)) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP buy (NP (NP 117 acres) (PP of (NP (NP land) (PP-LOC along (NP the (NAC-LOC Las Vegas , Nev. ,) Strip))))) (PP-PRP as (NP (NP a site) (PP for (NP its planned (ADJP movie-studio and theme-park) resort)))))))))))) .)) (TOP (S (PP-TPC-1 Of (NP the total purchase price)) , (NP-SBJ-2 (NP (NP (ADJP (QP $ 50 million) *U*) cash) and (NP (NP (NP (QP $ 30 million) *U*) (PP in (NP stock))) (PRN -LRB- (NP (QP nearly 1.8 million) shares) -RRB-))) (PP *T*-1)) (VP would (VP be (VP paid (NP *-2) (S-PRP-CLR (NP-SBJ *) (VP to (VP buy (NP the existing 700-room Marina Hotel & Casino) (PP-CLR from (NP (NP Southwest Securities) , (NP a Nevada limited partnership))))))))) .)) (TOP (S (NP-SBJ (NP The remaining properties) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP acquired (NP *-1))))))) (VP are (NP-PRD (NP (NP the Tropicana Country Club & Golf Course) , (NP (NP a facility) (VP (ADVP-MNR jointly) owned (NP *) (PP by (NP-LGS (NP (NP Ramada Inc.) , (PP of (NP (NP Phoenix) , (NP Ariz.))) ,) and (NP the Jaffe family)))))) , and (NP (NP a small parcel) (VP owned (NP *) (PP by (NP-LGS MGM Grand director James D. Aljian)))))) .)) (TOP (S (NP-SBJ-1 The purchase price) (VP was (VP disclosed (NP *-1) (PP-LOC in (NP (NP a preliminary prospectus) (VP issued (NP *) (PP-MNR in (NP (NP connection) (PP with (NP (NP (NP MGM Grand 's) planned offering) (PP of (NP (QP six million) common shares))))))))))) .)) (TOP (S (NP-SBJ (NP The luxury airline and casino company) , (ADJP 98.6%-owned (PP by (NP (NP investor Kirk Kerkorian) and (NP his Tracinda Corp.)))) ,) (NP-TMP earlier this month) (VP (VP announced (NP its agreements (S (NP-SBJ *) (VP to (VP acquire (NP the properties)))))) , but (VP did n't (VP disclose (NP the purchase price)))) .)) (TOP (S (NP-SBJ (NP The proposed (NX (NX stock offering) and (NX (NX issuance) (PP of (NP (QP nearly 1.8 million) common shares))))) (PP in (NP (NP connection) (PP with (NP the land purchase))))) (VP will (VP bring (NP (NP (NP MGM Grand 's) total shares) (ADJP outstanding)) (PP-CLR to (NP (NP 28.7 million) , (SBAR (WHPP-2 of (WHNP which)) (S (NP-SBJ-1 (NP 72 %) (PP *T*-2)) (VP will (VP be (VP owned (NP *-1) (PP by (NP-LGS (NP Mr. Kerkorian) and (NP Tracinda)))))))) ,)) (PP according (PP to (NP the prospectus))))) .)) (TOP (S (PP-LOC In (NP over-the-counter trading)) , (NP-SBJ-1 MGM Grand) (VP was (VP bid (NP *-1) (PP-CLR at (NP (NP $ 17.50 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ-2 (NP Proceeds) (PP from (NP the offering))) (VP are (VP expected (S (NP-SBJ-1 *-2) (VP to (VP be (VP used (NP *-1) (UCP-CLR (PP for (S-NOM (NP-SBJ *) (VP (VP remodeling (NP (NP (NP the company 's) Desert Inn resort) (PP-LOC in (NP Las Vegas)))) , (VP refurbishing (NP (NP certain aircraft) (PP of (NP the MGM Grand Air unit))))))) , and (S (NP-SBJ *) (VP to (VP acquire (NP (NP the property) (PP for (NP the new resort))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP estimates (SBAR (SBAR 0 (S (NP-SBJ the Desert Inn remodeling) (VP will (VP cost (NP (QP about $ 32 million) *U*))))) , and (SBAR 0 (S (NP-SBJ (NP the refurbishment) (PP of (NP (NP the three DC-8-62 aircraft) , (VP made (NP *) (PP by (NP-LGS McDonnell Douglas Corp.))) ,))) (VP will (VP cost (NP (QP around $ 24.5 million) *U*)))))))))) .)) (TOP (S (NP-SBJ MGM Grand) (VP (VP said (SBAR 0 (S (NP-SBJ the latest stock offering) (VP wo n't (VP cover (NP (NP the (ADJP (QP $ 600 million or more) *U*) cost) (PP of (S-NOM (NP-SBJ *) (VP building (NP the proposed resort and theme park)))))))))) , and (VP added (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP need (S (NP-SBJ *-1) (VP to (VP seek (NP additional financing) , (PP either through (NP (NP bank borrowings) or (NP debt and equity offerings))) , (PP-TMP at (NP a later date))))))))))) .)) (TOP (S (NP-SBJ-1 Construction) (VP is (VP set (S (NP-SBJ *-1) (VP to (VP begin (PP-TMP-CLR in (NP early 1991))))))) .)) (TOP (S (NP-SBJ The resort) (VP will (VP include (NP (NP the MGM Grand Hotel) , (NP (NP a multi-spired , castle-like facility) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP include (NP (NP 5,000 rooms) and (NP (NP 85,000 square feet) (PP of (NP casino space)))))))))))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ-1 The facility) (VP will (VP be (VP marketed (NP *-1) (PP-CLR toward (NP families)))))) , and (S (NP-SBJ room rates) (VP will (VP be (NP-PRD (NP (QP between $ 35 and $ 55) *U*) (NP-ADV a night)))))) , (NP-SBJ MGM Grand) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The prospectus) (VP did n't (VP include (NP (NP many details) (PP about (NP the studio and theme park))) , (SBAR-ADV although (S (NP-SBJ (NP conceptual drawings) , (VP released (NP *) (NP-TMP this month)) ,) (VP show (SBAR that (S (NP-SBJ it) (VP may (VP feature (NP (NP several `` themed '' areas) (ADJP similar (PP to (NP (NP those) (VP found (NP *) (PP-LOC-CLR at (NP (NP parks) (VP built (NP *) (PP by (NP-LGS Walt Disney Co))))))))))))))))))) .)) (TOP (S (NP-SBJ Investors) (VP poured (NP (NP (QP $ 2.8 billion) *U*) (ADJP more)) (PP-CLR into (NP money-market mutual funds)) (PP-TMP in (NP the latest week)) (PP despite (NP (NP further declines) (PP in (NP yields))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Assets) (PP of (NP (NP the 400 taxable funds) (VP tracked (NP *) (PP by (NP-LGS (NP IBC/Donoghue 's) Money Fund Report)))))) (VP jumped (PP-DIR to (NP (QP $ 351.2 billion) *U*)) (PP-TMP in (NP (NP the week) (VP ended (NP-TMP Tuesday)))))) , (NP-SBJ the (ADJP Holliston , Mass.-based) newsletter) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Assets) (VP soared (NP-EXT (QP $ 4.5 billion) *U*) (PP-TMP in (NP the previous week))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP the average yield) (PP on (NP taxable funds))) (VP (VP dropped (NP-EXT (NP nearly a tenth) (PP of (NP a percentage point)))) , (NP-ADV (NP the largest drop) (PP-TMP since (NP midsummer)))) .)) (TOP (S (NP-SBJ (NP The average seven-day compound yield) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP assumes (SBAR (SBAR that (S (NP-SBJ-1 dividends) (VP are (VP reinvested (NP *-1))))) and (SBAR that (S (NP-SBJ current rates) (VP continue (PP-TMP-CLR for (NP a year))))))))) ,) (VP fell (PP-DIR to (NP (NP 8.47 %) , (NP (NP its lowest) (PP-TMP since (NP late last year))) ,)) (PP-DIR from (NP 8.55 %) (NP-TMP (NP the week) (ADVP before))) , (PP according (PP to (NP Donoghue 's)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Lower yields) (VP are (ADVP just) (VP reflecting (NP lower short-term interest rates)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Brenda Malizia Negus) , (NP (NP editor) (PP of (NP Money Fund Report)))) .)) (TOP (S (NP-SBJ Money funds) (VP invest (PP-CLR in (NP (NP such things) (PP as (NP (NP (NP short-term Treasury securities) , (NP commercial paper) and (NP (NP certificates) (PP of (NP deposit)))) , (SBAR (WHNP-1 (WHNP all) (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP have (VP been (VP posting (NP lower interest rates) (PP-TMP since (NP last spring)))))))))))) .)) (TOP (S (NP-SBJ Individual investors) (VP can (ADVP still) (VP get (NP (NP better yields) (PP on (NP money funds)) (PP than (PP on (NP many other short-term instruments)))))) .)) (TOP (S (NP-SBJ (NP The yield) (PP on (NP (NP six-month Treasury bills) (VP sold (NP *) (PP-LOC at (NP (NP Monday 's) auction)))))) , (PP for (NP example)) , (VP was (NP-PRD (QP just 7.77) %)) .)) (TOP (S (NP-SBJ (NP The average yield) (PP on (NP (NP six-month CDs) (PP of (NP (QP $ 50,000 or less) *U*)))) (PP-LOC at (NP major banks))) (VP was (NP-PRD 7.96 %) (PP-TMP in (NP (NP the week) (VP ended (NP-TMP Tuesday)))) , (PP according (PP to (NP (NP Banxquote Money Markets) , (NP a New York information service))))) .)) (TOP (S (NP-SBJ (NP One way) (SBAR (WHADVP-1 that) (S (NP-SBJ money fund managers) (VP boost (NP yields) (PP-LOC in (NP a declining rate environment)) (ADVP-MNR *T*-1))))) (VP is (PP-PRD by (S-NOM (NP-SBJ *) (VP extending (NP (NP the maturities) (PP of (NP their investments))) , (SBAR-PRP so (S (NP-SBJ they) (VP can (VP earn (NP the current higher rates) (PP-TMP for (NP a longer period)))))))))) .)) (TOP (S (NP-SBJ (NP The average maturity) (PP of (NP (NP the taxable funds) (SBAR (WHNP-1 that) (S (NP-SBJ Donoghue 's) (VP follows (NP *T*-1))))))) (VP increased (PP-EXT by (NP two days)) (PP-TMP in (NP the latest week)) (PP-DIR to (NP (NP 40 days) , (NP (NP its longest) (PP-TMP since (NP August)))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ They) (VP 're (VP anticipating (NP (NP further declines) (PP in (NP rates)))))) and (S (NP-SBJ-2 they) (VP 're (VP going (S (NP-SBJ *-2) (VP to (VP get (NP them) , (ADVP-MNR slowly)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Walter Frank) , (NP (NP chief economist) (PP for (NP (NP the Donoghue Organization) , (NP (NP publisher) (PP of (NP Money Fund Report))))))) .)) (TOP (S (NP-SBJ Average maturity) (VP was (ADJP-PRD (ADJP as short) (PP as (NP 29 days))) (PP-TMP at (NP (NP the start) (PP of (NP (NP this year) , (SBAR (WHADVP-1 when) (S (NP-SBJ short-term interest rates) (VP were (VP moving (ADVP-MNR steadily) (ADVP-DIR upward) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (NP-SBJ (NP The average seven-day compound yield) (PP of (NP the funds))) (VP reached (NP 9.62 %) (PP-TMP in (NP late April))) .)) (TOP (S (NP-SBJ The highest-yielding funds) (VP are (ADVP still) (PP-PRD above (NP 9 %))) .)) (TOP (S (NP-SBJ (NP The top-performing fund) (PP-TMP in (NP the latest week))) (VP was (NP-PRD Dreyfus Worldwide Dollar) , (PP with (NP (NP a seven-day compound yield) (PP of (NP 9.45 %))))) .)) (TOP (S (NP-SBJ The fund) (VP invests (ADVP heavily) (PP-CLR in (NP (NP dollar-denominated money-market securities) (ADVP-LOC overseas)))) .)) (TOP (S (NP-SBJ It) (VP is (ADVP-TMP currently) (VP (VP waiving (NP management fees)) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP contributes (PP-CLR to (NP the higher yield))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The average seven-day simple yield) (PP of (NP the 400 funds))) (VP fell (PP-DIR to (NP 8.14 %)) (PP-DIR from (NP 8.21 %)))) , (NP-SBJ Donoghue 's) (VP reported (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ The average 30-day simple yield) (VP slid (PP-DIR to (NP 8.22 %)) (PP-DIR from (NP 8.26 %)))) , and (S (NP-SBJ the average 30-day compound yield) (VP fell (PP-DIR to (NP 8.56 %)) (PP-DIR from (NP 8.60 %)))) .)) (TOP (S (S (NP-SBJ Many small investors) (VP are (VP facing (NP a double whammy) (NP-TMP this year)))) : (S (S (NP-SBJ-1 They) (VP got (VP hurt (NP *-1) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP investing (PP-CLR in (NP the (ADJP highly risky) junk bond market)))))))) , and (S (NP-SBJ the pain) (VP is (ADJP-PRD worse) (SBAR-PRP because (S (NP-SBJ they) (VP did (NP it) (PP-MNR with (NP borrowed money)))))))) .)) (TOP (S (NP-SBJ These people) (VP invested (PP-CLR in (NP (NP `` leveraged '' junk bond mutual funds) , (NP (NP the publicly traded funds) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP make (NP (NP a habit) (PP of (S-NOM (NP-SBJ *) (VP taking (PRT out) (NP loans) (S-PRP (NP-SBJ *) (VP to (VP buy (NP extra junk))))))))))))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD a good strategy) (PP-LOC in (NP (NP a rising market) , (SBAR (WHADVP-1 where) (S (NP-SBJ a (ADJP 25 %) leveraged portfolio) (PP in (NP effect)) (VP allows (S (NP-SBJ investors) (VP to (VP have (S (NP-SBJ (NP 125 %) (PP of (NP their money))) (VP working (PP for (NP them))))))) (ADVP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ-1 The strategy) (VP boosts (NP current yield) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP putting (NP more bonds) (PP-PUT into (NP the portfolio)))))) .)) (TOP (S (NP-SBJ Trouble) (VP is , (SBAR-PRD 0 (S (NP-SBJ junk bond prices) (VP have (VP been (ADJP-PRD weak) (PP-TMP for (NP months))))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ the leverage) (VP has (VP amplified (NP (NP the funds ') portfolio losses))) .)) (TOP (S And (NP-SBJ-1 (NP shares) (PP of (NP leveraged junk funds))) (NP-TMP this year) (VP have (VP been (VP clobbered (NP *-1) (ADVP-MNR (ADVP even harder) (PP than (NP (NP the junk bonds) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP hold (NP *T*-2)))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ That) (VP 's (ADVP really) (SBAR-LOC-PRD (WHADVP-2 where) (S (NP-SBJ the leverage) (VP hurt (ADVP-LOC *T*-2)))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP (NP Thomas Herzfeld)) , (NP (NP a Miami-based investment manager) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP specializes (PP-CLR in (NP closed-end funds))))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ Share prices) (VP performed (ADVP-MNR (ADVP even worse) (PP than (NP (NP the funds ') asset values))) (SBAR-PRP because (S (NP-SBJ fear) (VP has (VP taken (NP hold) '' (PP-LOC in (NP the junk market)))))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Leverage) (VP is (ADVP-TMP never) (NP-PRD a problem) (PP for (NP (NP the traditional `` open end '' mutual funds) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP (VP are n't (ADVP-MNR publicly) (VP traded (NP *-2))) and (VP are n't (VP allowed (S (NP-SBJ *-2) (VP to (VP use (NP leverage) (ADVP at all)))))))))))) .)) (TOP (S (NP-SBJ-1 Leverage) (VP is (VP used (NP *-1) (ADVP only) (PP by (NP-LGS (NP some) (PP of (NP the closed-end funds)))))) .)) (TOP (S (NP-SBJ The usual maneuver) (VP is (S-PRD (NP-SBJ *) (VP to (VP (VP borrow (PP against (NP the portfolio value))) or (VP issue (NP preferred stock)) , (S-ADV (NP-SBJ *) (VP using (NP the proceeds) (S-CLR (NP-SBJ *) (VP to (VP buy (NP additional bonds)))))))))) .)) (TOP (S (NP-SBJ (NP The fallout) (PP for (NP investors))) (ADVP-TMP lately) (VP has (VP been (ADJP-PRD painful))) .)) (TOP (S (NP-SBJ *) (VP Consider (NP the New America High Income Fund)) .)) (TOP (S (PP With (NP (NP a leveraged position) (PP of (NP (QP about 45) %)))) , (NP-SBJ (NP the fund 's) share price) (VP has (VP plunged (NP-EXT 28.5 %) (ADVP-TMP so far) (NP-TMP this year))) .)) (TOP (S (NP-SBJ That) (VP 's (ADJP-PRD (ADJP worse) (PP than (NP (NP the price drop) (VP sustained (NP *) (PP by (NP-LGS (NP the bonds) (PP-LOC in (NP its portfolio)) , (SBAR (WHNP-1 (WHNP whose total return) (PRN -LRB- (NP (NP bond-price changes) plus (NP interest)) -RRB-)) (S (NP-SBJ *T*-1) (VP has (VP amounted (PP-CLR to (NP a negative 6.08 %))))))))))))) .)) (TOP (S (NP-SBJ Such problems) (VP may not (VP be (ADVP-PRD over))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Leveraged funds) (PP in (ADJP particular))) `` (VP are (ADVP-TMP still) (ADJP-PRD extremely vulnerable) , (SBAR-PRP because (S (NP-SBJ we) (VP 're (ADVP-TMP still) (PP-LOC-PRD at (NP (NP the beginning) (PP of (NP (NP problems) (PP-LOC in (NP the junk market)))))))))) , '') (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP George Foot) , (NP (NP a managing partner) (PP-LOC at (NP (NP Newgate Management Associates) (PP-LOC in (NP (NP Northampton) , (NP Mass))))))) .)) (TOP (S (NP-SBJ Many investors) (VP are (ADJP-PRD unaware (SBAR 0 (S (NP-SBJ-1 their funds) (VP have (VP borrowed (S-PRP (NP-SBJ *-1) (VP to (VP speculate (PP-LOC in (NP such a risky market))))))))))) .)) (TOP (S-3 `` (SBAR-ADV If (S (NP-SBJ someone) (ADVP actually) (VP (VP sat (PRT down)) and (VP thought (PP-CLR about (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 they) (VP were (VP being (VP sold (NP *-1) (NP *T*-2))))))))))) , '' (PRN (SINV (VP says (S *T*-3)) (NP-SBJ (NP Gerald Perritt) , (NP (NP editor) (PP of (NP (NP the Mutual Fund Letter) (PP-LOC in (NP Chicago))))) ,))) (NP-SBJ they) (VP might (VP shy (ADVP-DIR away))) .)) (TOP (S (PP-LOC In (NP a typical leverage strategy)) , (NP-SBJ-2 a fund) (VP tries (S (NP-SBJ *-2) (VP to (VP capture (NP (NP the spread) (PP between (NP (SBAR-NOM (WHNP-1 what) (S (NP-SBJ it) (VP costs (NP *T*-1) (S-CLR (NP-SBJ *) (VP to (VP borrow)))))) and (NP (NP the higher return) (PP on (NP (NP the bonds) (SBAR (WHNP-3 0) (S (NP-SBJ it) (VP buys (NP *T*-3) (PP-MNR with (NP the borrowed money))))))))))))))) .)) (TOP (S (S (SBAR-ADV If (S (NP-SBJ the market) (VP surges))) , (NP-SBJ holders) (VP can (VP make (NP (ADJP (ADVP that much) more) profit)))) ; (S (NP-SBJ the leverage) (VP (ADVP effectively) acts (PP-CLR as (NP an interest-free margin account)) (PP for (NP investors)))) .)) (TOP (S But (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the market) (VP moves (PP-CLR against (NP the fund)) (ADVP-TMP *T*-2)))) , (NP-SBJ investors) (VP lose (NP (NP more) (PP than (NP other junk holders))) (SBAR-PRP because (S (NP-SBJ-1 the market decline) (VP is (VP magnified (NP *-1) (PP by (NP-LGS (NP the amount) (SBAR (WHADVP-3 0) (S (NP-SBJ the fund) (VP is (ADJP-PRD leveraged) (ADVP *T*-3))))))))))) .)) (TOP (S (NP-SBJ Fund managers) , (PP for (NP their part)) , (VP defend (NP (NP their use) (PP of (NP leverage)))) .)) (TOP (S (NP-SBJ (NP Carl Ericson) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP the Colonial Intermediate High Income Fund)))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP the fund 's) (ADJP 25 %) leverage) (VP has (VP jacked (PRT up) (NP its interest income)))))) .)) (TOP (S `` (S-TPC-1 (ADVP-TMP (ADVP As long) (SBAR as (S (S (NP-SBJ I) (VP am (VP borrowing (PP-CLR at (NP 9.9 %))))) and (S (NP-SBJ each -LCB- bond -RCB-) (VP yields (PP-CLR over (NP that))))))) , (NP-SBJ it) (VP enhances (NP the yield))) , '' (NP-SBJ he) (VP maintains (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Ericson) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP tries (S (NP-SBJ-2 *-1) (VP to (VP offset (NP the leverage) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP diversifying (NP (NP the fund 's) portfolio))))))))))) .)) (TOP (S Yet (NP-SBJ some funds) (VP have (VP pulled (PRT in) (NP their horns))) .)) (TOP (S (NP-SBJ New America High Income Fund) (ADVP-TMP recently) (VP said (SBAR that (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP reduce (NP its leverage position) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP buying (ADVP-CLR back) (NP (NP (QP $ 5 million) *U*) (PP in (NP preferred stock and notes))) (PP-CLR from (NP investors)))))))))))) .)) (TOP (S (NP-SBJ The fund) (VP made (NP a similar move) (NP-TMP earlier this year)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 We) (VP are (VP trying (S (NP-SBJ *-2) (VP to (VP increase (NP our flexibility))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Ellen E. Terry) , (NP (NP a vice president) (PP-LOC at (NP (NP Ostrander Capital Management) , (NP (NP the fund 's) investment adviser))))) .)) (TOP (S (NP-SBJ-1 She) (VP (VP declined (S (NP-SBJ *-1) (VP to (VP elaborate)))) and (VP would n't (VP disclose (NP (NP the fund 's) recent purchases , sales or cash position)))) .)) (TOP (S (NP-SBJ Ms. Terry) (VP did (VP say (SBAR 0 (S (NP-SBJ (NP the fund 's) recent performance) `` (VP illustrates (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happens (PP-LOC in (NP a leveraged product)) '' (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the market) (VP does n't (VP cooperate (ADVP-TMP *T*-2))))))))))))) .)) (TOP (S-2 `` (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the market) (VP turns (PRT around) (ADVP-TMP *T*-1)))) , '' (PRN (S (NP-SBJ she) (VP says (SBAR 0 (S *T*-2))))) , `` (NP-SBJ it) (VP will (VP give (NP (NP a nice picture) '' (PP of (SBAR (WHADVP-3 how) (S (NP-SBJ leverage) (VP can (VP help (NP performance) (ADVP-MNR *T*-3))))))))) .)) (TOP (S (S-TPC-4 (NP-SBJ-3 Several leveraged funds) (VP do n't (VP want (S (NP-SBJ *-3) (VP to (VP cut (NP (NP the amount) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP borrow (NP *T*-1)))))))) (SBAR-PRP because (S (NP-SBJ it) (VP would (VP slash (NP (NP the income) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP pay (NP shareholders) (NP *T*-2)))))))))))) , (NP-SBJ fund officials) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S But (NP-SBJ a few funds) (VP have (VP taken (NP other defensive steps))) .)) (TOP (S (NP-SBJ Some) (VP have (VP raised (NP their cash positions) (PP-DIR to (NP record levels)))) .)) (TOP (S (NP-SBJ-2 High cash positions) (VP help (S (NP-SBJ *-2) (VP buffer (NP a fund) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the market) (VP falls (ADVP-TMP *T*-1))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ Prospect Street High Income Portfolio) , (PP for (NP instance)) , (ADVP-TMP now) (VP holds (NP (NP (NP (QP about 15) %) (PP in (NP cash and equivalents))) , (NP (NP (QP nearly quintuple) the amount) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP held (NP *T*-1) (NP-TMP earlier this year))))) ,))) (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP John Frabotta) , (NP portfolio co-manager)) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ (NP the fund) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (ADJP 40 %) leveraged)))) ,) (VP has (VP maintained (NP (NP a `` substantial cushion '') (PP between (NP (NP its borrowing costs) and (NP (NP the yields) (PP of (NP (NP the portfolio 's) bonds))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 I) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP be (PP-LOC-PRD in (NP (NP a position) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP have (S (NP-SBJ *) (VP to (VP sell))) (ADVP-LOC *T*-3))))))))))))) , '' (NP-SBJ Mr. Frabotta) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ-1 Other funds) (VP have (ADVP-TMP recently) (VP sold (NP weak junk bonds) (S-PRP (NP-SBJ *-1) (VP to (VP raise (NP cash)))))) .)) (TOP (S (PP-LOC At (NP the 50%-leveraged Zenith Income Fund)) , (NP-SBJ-1 portfolio manager John Bianchi) (ADVP-TMP recently) (VP dumped (NP (NP Mesa Petroleum) , (NP Wickes) and (NP Horsehead Industries)) , (PP among (NP others)) , (S-PRP (NP-SBJ *-1) (VP to (VP raise (NP his cash position) (PP-DIR to (NP a record 15 %)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ That) (VP 's (NP-PRD a problem) (SBAR-PRP because (S (NP-SBJ cash) (VP is n't (VP earning (NP us) (NP (ADJP very much) money))))))) , '' (NP-SBJ Mr. Bianchi) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP concedes : `` (S (NP-SBJ This) (VP is (NP-PRD (NP the (ADJP most difficult) market) (SBAR (WHNP-2 that) (S (NP-SBJ-1 I) (VP 've (VP been (VP involved (NP *-1) (PP-CLR in (NP *T*-2))))))))))) . '')) (TOP (S (PP-PRP Because of (NP the recent junk-market turmoil)) , (NP-SBJ-1 the fund) (VP is (VP considering (S (NP-SBJ *-1) (VP investing (PP-CLR in (NP (NP other issues) (ADVP instead) , (PP including (NP mortgage-backed bonds)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're (VP looking (PP-CLR at (NP the leverage factor)) (NP-TMP every day)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Robert Moore) , (NP (NP president) (PP of (NP (NP Bernstein-Macaulay Inc.) , (NP (NP a Shearson Lehman Hutton Inc. unit) and (NP (NP the fund 's) adviser)))))) .)) (TOP (S `` (PP-TMP At (NP some point)) , (SBAR-ADV if (S (NP-SBJ-1 we) (VP are (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP cover (NP our leveraged cost)))))))) (PRN -- and (PP-TMP at (NP the moment)) (S (NP-SBJ we) (VP 're (PP-LOC-PRD (ADVP right) on (NP it)))) --) (NP-SBJ-2 we) (VP 're (VP going (S (NP-SBJ-3 *-2) (VP to (VP have (S (NP-SBJ *-3) (VP to (VP make (NP a move))))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP the (ADJP more bizarre) garden stories)) (PP-TMP since (NP Eden))) (VP has (VP been (VP unfolding (PP-TMP for (NP (NP four years) (ADVP now))) , (PP-LOC in (NP (NP the private paper-and-crayon fantasies) (PP of (NP artist Jennifer Bartlett))))))) .)) (TOP (S And (SBAR-ADV if (S (NP-SBJ (NP she) and (NP the Battery Park City Authority)) (VP have (NP their way)))) , (NP-SBJ her (ADJP horticulturally inept) plan) (VP will (ADVP-TMP soon) (VP go (ADJP-PRD public) (PP-MNR as (NP (NP a real garden `` artwork '') (PP-LOC in (NP the downtown complex)))))) .)) (TOP (S (NP-SBJ (NP South Gardens) , (SBAR (WHNP-2 0) as (S (NP-SBJ-1 the Bartlett scheme) (VP is (VP called (S (NP-SBJ *-1) (NP-PRD *T*-2)))))) ,) (VP will (VP occupy (NP (NP the last 3.5 acres) (PP of (NP open space)) (PP-LOC at (NP (NP the southwest tip) (PP of (NP Manhattan))))))) .)) (TOP (S (NP-SBJ It) (VP could (VP (VP cost (NP-1 taxpayers) (NP-2 (QP $ 15 million) *U*) (S-CLR-3 (NP-SBJ *) (VP to (VP install (NP *?*))))) and (VP (NP=1 BPC residents) (NP=2 (NP (QP $ 1 million) *U*) (NP-ADV a year)) (S-CLR=3 (NP-SBJ *) (VP to (VP maintain (NP *?*))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *) (VP Created (NP *-2) (PP by (NP-LGS (NP an artist) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP flaunts (NP (NP her ignorance) (PP of (NP plants and gardens)))))))))) , (NP-SBJ-4 South Gardens) , (SBAR-ADV as (S (NP-SBJ-3 *-4) (ADVP-TMP now) (VP planned (NP *-3)))) , (VP will (VP die (PP-PRP from (NP congestive garden design)))) .)) (TOP (S (NP-SBJ (NP (NP Ms. Bartlett 's) previous work) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP earned (NP her) (NP (NP an international reputation) (PP-LOC in (NP the non-horticultural art world)))))) ,) (ADVP-TMP often) (VP took (NP gardens) (PP-CLR as (NP its nominal subject))) .)) (TOP (S (ADVP Mayhap) (NP-SBJ this metaphorical connection) (VP made (S (NP-SBJ the BPC Fine Arts Committee) (VP think (SBAR 0 (S (NP-SBJ she) (VP had (NP a literal green thumb))))))) .)) (TOP (S -LRB- (NP-SBJ Ms. Bartlett) (VP would not (VP discuss (NP her garden) (PP for (NP this article)))) . -RRB-)) (TOP (S (NP-TMP Last year) (NP-SBJ she) (VP boasted (PP-CLR to (NP HG magazine)) : `` (S (NP-SBJ I) (VP 'd (ADVP-TMP never) (VP looked (PP-CLR at (NP a garden)) (PP-TMP in (NP my life)))))) . '')) (TOP (S (S And (NP-SBJ she) (VP proved (NP no shirking violet) (PP-LOC in (NP (NP her initial statement) (PP to (NP (NP the BPCA) , (NP a New York State public benefit corporation))))))) : `` (S (NP-SBJ (NP The only thing) (SBAR (WHNP-3 0) (S (NP-SBJ-1 I) (VP was (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *-1) (VP doing (NP *T*-3))))))))) (VP was (NP-PRD (NP a (ADJP very complicated) garden) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP (VP would (VP cost (NP (NP an enormous amount) (PP of (NP money))))) and (VP be (ADJP-PRD very expensive (SBAR (WHNP-4 0) (S (NP-SBJ *) (VP to (VP maintain (NP *T*-4))))))))))))) . '')) (TOP (S (S-ADV (NP-SBJ *-3) (ADJP-PRD Undeterred)) , (NP-SBJ-3 the BPCA) (VP hired (NP (NP Ms. Bartlett) and (NP (NP another confessed garden ignoramus) , (NP the architect Alexander Cooper) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP claimed (SBAR 0 (S (NP-SBJ he) (VP had (ADVP-TMP never) (VP (VP visited (NP *RNR*-2)) , (VP (ADVP much less) built (NP *RNR*-2)) , (NP-2 a garden)))))) , and (VP said (PP-CLR of (NP the project)) , `` (S (NP-SBJ I) (VP do n't (VP view (NP this) (PP-CLR as (NP a landscape)))))))))))) .)) (TOP (S (NP-SBJ I) (VP view (NP this) (PP-CLR as (NP a building))) . '')) (TOP (S (NP-SBJ (NP The third principal) (PP-LOC in (NP the South Gardens adventure))) (VP did (VP have (NP garden experience))) .)) (TOP (S (NP-SBJ (NP The firm) (PP of (NP Bruce Kelly/David Varnell Landscape Architects))) (VP had (VP created (NP (NP Central Park 's) (NX (NX Strawberry Fields) and (NX Shakespeare Garden))))) .)) (TOP (S (NP-SBJ The BPCA) (VP called (S (NP-SBJ its team) (NP-PRD a `` stunning '' collaboration))) .)) (TOP (S (PP-TMP After (NP four years)) , (ADVP though) , (NP-SBJ the South Gardens design) (VP is (NP-PRD (ADJP 100 %) uncollaborated Jennifer Bartlett)) .)) (TOP (S (NP-SBJ She) (VP has (VP done (NP (NP little more) (SBAR than (S (NP-SBJ *) (VP (VP recycle (NP (NP her standard motifs) (PRN -- (NP (NP trees) , (NP water) , (NP landscape fragments) , (NP rudimentary square houses) , (NP circles) , (NP triangles) , (NP rectangles)) --))) and (VP fit (NP them) (PP-CLR into (NP a grid)) , (SBAR-MNR as if (S (NP-SBJ she) (VP were (VP making (NP (NP one) (PP of (NP her gridded two-dimensional works))) (PP for (NP a gallery wall))))))))))))) .)) (TOP (S But (PP for (NP South Gardens)) , (NP-SBJ-1 the grid) (VP was (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a 3-D network) (PP of (NP (NP masonry) or (NP hedge walls))) (PP with (NP (NP real plants) (PP-LOC inside (NP them))))))))) .)) (TOP (S (PP-LOC In (NP (NP a letter) (PP to (NP the BPCA)))) , (NP-SBJ kelly/varnell) (VP called (S (NP-SBJ this) `` (ADJP-PRD arbitrary and amateurish))) . '')) (TOP (S (NP-SBJ-1 The landscape architects) (VP were (VP expelled (NP *-1) (PP-DIR from (NP the garden)) (PP-TMP in (NP July)))) .)) (TOP (S (NP-TMP All the while) , (NP-SBJ Ms. Bartlett) (VP had (VP been (ADJP-PRD (ADJP busy (PP at (NP her assignment))) , (ADJP serene (PP in (NP (NP her sense) (PP of (NP self-tilth)))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ she) (VP put (NP it) (PP-TMP in (NP (NP a 1987 lecture) (PP-LOC at (NP (NP the Harvard Graduate School) (PP of (NP Design))))))))) : `` (NP-SBJ-1 I) (VP have (VP designed (NP a garden) , (S-ADV (NP-SBJ *-1) not (VP knowing (NP (NP the difference) (PP between (NP (NP a rhododendron) and (NP a tulip)))))))) . '')) (TOP (S (ADVP Moreover) , (NP-SBJ she) (VP proclaimed (SBAR that `` (S (NP-SBJ landscape architects) (VP have (VP been (VP going (ADJP-PRD wrong) (PP-TMP for (NP the last 20 years)) '' (PP-LOC in (NP (NP the design) (PP of (NP open space)))))))))) .)) (TOP (S And (NP-SBJ-2 she) (ADVP further) (VP stunned (NP her listeners) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP revealing (NP (NP her secret garden design method) : (S-NOM (NP-SBJ *) (VP Commissioning (S (NP-SBJ a friend) (VP to (VP spend `` (NP (QP five or six thousand) dollars) ... (PP-CLR on (NP (NP books) (SBAR (WHNP-1 that) (S (NP-SBJ I) (ADVP-TMP ultimately) (VP cut (PRT up) (NP *T*-1)))))))))))))))) . '')) (TOP (S (PP-TMP After (NP that)) , (NP-SBJ the layout) (VP had (VP been (ADJP-PRD easy))) .)) (TOP (S `` (NP-SBJ I) (VP 've (VP (VP (ADVP-TMP always) (VP relied (ADVP-MNR heavily) (PP-CLR on (NP the grid)))) and (VP found (S (NP-SBJ it) (ADVP-TMP never) (VP to (VP fail)))))) . '')) (TOP (S (NP-SBJ Ms. Bartlett) (VP told (NP her audience) (SBAR that (S (NP-SBJ she) (ADVP absolutely) (VP did not (VP believe (PP-CLR (PP in (NP compromise)) or (PP in (S-NOM (NP-SBJ *) (VP giving (PRT in) (PP-CLR to (NP the client)))))) `` (SBAR-PRP because (S (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ you) (VP can (VP do (NP (NP watered-down versions) (PP of (NP things)))))))))))))))) . '')) (TOP (S -LRB- (NP-SBJ This) (VP was (ADVP-TMP never) (NP-PRD (NP a problem) (PP with (NP South Gardens))) , (SBAR-PRP because (S (NP-SBJ the client) (VP had (ADVP-TMP long since) (VP given (PRT in) (PP-CLR to (NP (NP Ms. Bartlett 's) every whim))))))) . -RRB-)) (TOP (S (NP-TMP Last year) (NP-SBJ-1 the public) (VP was (VP afforded (NP *-1) (NP (NP a preview) (PP of (NP (NP Ms. Bartlett 's) creation))) (PP-MNR in (NP a tablemodel version)) , (PP-LOC at (NP a BPC exhibition)))) .)) (TOP (S (S (NP-SBJ The labels) (VP were (ADJP-PRD breathy))) : `` (SINV (SINV (PP-LOC-PRD-TPC-1 Within (NP its sheltering walls)) (VP is (PP-LOC-PRD *T*-1)) (NP-SBJ (NP (NP (NP a microcosm) (PP of (NP a thousand years)) (PP in (NP garden design))) ... (NP (NP (NP a (NX (NX rose garden) , (NX herb garden) , (NX serpentine garden))) , (NP flower fields) , (NP an apple orchard) ...) (VP organized (NP *) (PP-CLR in (NP (NP a patchwork) (PP of (NP 50-by-50-foot squares)))) (S-PRP-CLR (NP-SBJ *) (VP to (VP form (NP ` rooms '))))))))) ... (SINV (ADVP-LOC-PRD-TPC-3 here and there) (VP are (ADVP-LOC-PRD *T*-3)) (NP-SBJ (NP simple architectural forms) , (NP (NP a whimsical jet) (PP of (NP water))) , (NP (NP a conceit) (PP of (NP (NP topiary) or (NP tartan plaid)))) , and (NP (NP chairs) (PP of (NP every sort)) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP drag (PP-CLR around (NP *T*-2)))))))))) ... .)) (TOP (SINV (PP-LOC-PRD-TPC-1 At (NP (NP the core) (PP of (NP (NP it) (NP all))))) (VP is (PP-LOC-PRD *T*-1)) (NP-SBJ (NP a love) (PP for (NP plants))) . '')) (TOP (S (NP-SBJ (NP Plant lovers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP studied (NP the maquette))))) (VP were (ADJP-PRD alarmed)) .)) (TOP (S (NP-SBJ They) (VP (VP looked (PP-CLR at (NP the miniature))) and (VP saw (NP a giant folly))) .)) (TOP (S (NP-SBJ (NP Ms. Bartlett 's) little rooms) (VP left (NP (NP little room) (PP for (NP (NP plants) or (NP people))))) .)) (TOP (S (NP-SBJ Kelly/Varnell) (VP had (VP put (NP (NP South Gardens ') carrying capacity) (PP-CLR at (NP (NP (NP four people) (PP per (NP room))) , or (NP (NP (QP about 100) humans) (ADVP overall)))))) .)) (TOP (S (S (NP-SBJ-1 (NP This mincemeat) (PP of (NP tiny gridlocked squares))) (VP was (VP inspired (NP *-1) (PP by (NP-LGS (NP the artist 's) own digs))))) : `` (S (S (NP-SBJ My loft) (VP was (NP-PRD (NP 50) (PP by (NP 100 feet))))) , (ADVP so) (S (NP-SBJ (NP 50 feet) (PP by (NP 50 feet))) (VP seemed (PP-CLR like (NP a good garden room))))) . '')) (TOP (SINV (PP-LOC-PRD-TPC-1 Inside (NP the grid)) (VP were (PP-LOC-PRD *T*-1)) (NP-SBJ (NP (NP 24) (PP of (NP these plant cells))) (VP jammed (S (NP-SBJ *) (ADJP-PRD full (PP of (NP clutter)))))) .)) (TOP (S (NP-TPC-1 One) (NP-SBJ she) (VP made (NP *T*-1) (PP-CLR into (NP (NP a topiary rec room) , (ADJP replete (PP with (NP (NP plants) (VP shaped (NP *) (PP-CLR into (NP a Barcalounger , TV , piano and chairs))))))))) .)) (TOP (S (PP-LOC In (NP another)) , (NP-SBJ she) (VP requisitioned (NP (NP topiary MX missile cones) (PRN -- (VP costing (NP (NP $ 10,000 *U*) (NP-ADV each))) --) (PP in (NP (NP heights) (PP up (PP to (NP 20 feet))))))) .)) (TOP (S (NP-TPC-1 Another) (NP-SBJ she) (VP stuffed (NP *T*-1) (PP-CLR with (NP eight `` rectilinear hedges '')) (PP for (NP (NP a topiary geometry lesson) (PP in (NP (NP the right-angling) (PP of (NP plants))))))) .)) (TOP (S (PP-LOC In (NP the herbal lounge)) (NP-SBJ she) (VP specified (NP a `` plaid knot garden '' decor)) .)) (TOP (S (NP-SBJ She) (VP (VP ordered (S (NP-SBJ-1 the foyer) (VP done (NP *-1) (PP-MNR in (NP a different plaid planting))))) , and (VP made (S (NP-SBJ the landscape architects) (VP study (NP (NP a book) (PP on (NP tartans))))))) .)) (TOP (S (PP-LOC In (NP one garden roomette)) (NP-SBJ she) (VP implanted (NP (NP a 43-foot square glass cube) (VP meant (S (NP-SBJ *) (VP to (VP show (PRT off) (NP (NP a plaid tile floor conceit) , (NP a `` zinc sink) , '' (NP (NP a `` huge fishbowl) (PP with (NP carp))) '' and (NP (NP a `` birdcage) (PP with (NP cockatoos)))))))))) . '')) (TOP (S (ADVP-PUT-TPC-4 Next door) (NP-SBJ she) (VP put (NP (NP a smaller plaid-floored glass house) , (SBAR (WHADVP-3 where) (PRN , (S (NP-SBJ she) (VP suggested (SBAR 0 (S *T*-2)))) ,) (S-2 (NP-SBJ-1 (NP a flat) (PP of (NP strawberries))) (VP might (VP be (VP displayed (NP *-1) (PP-TMP in (NP (NP the dead) (PP of (NP winter)))) (ADVP-LOC *T*-3))))))) (ADVP-PUT *T*-4)) .)) (TOP (S (PP-LOC In (NP (NP another compartment) (VP called (S (NP-SBJ *) (NP-PRD the Linden Bosque))))) , (NP-SBJ-2 62 linden trees) (VP were (S (NP-SBJ-1 *-2) (VP to (VP be (VP crowded (NP *-1) (ADVP-CLR together) (PP-LOC at (NP (NP killing intervals) (PP of (NP (QP 10 or 16) feet))))))))) .)) (TOP (S -LRB- (NP-SBJ Lindens) (VP need (NP (QP about 36) feet)) . -RRB-)) (TOP (S (S (NP-SBJ (NP One thing) (PP about (NP the Bartlett plan))) (VP was (ADVP-TMP never) (PP-PRD in (NP doubt)))) : (S (NP-SBJ It) (VP would (VP demand (NP (NP the full-time skills) (PP of (NP (NP a battalion) (PP of (NP (NP topiary barbers) , (NP rosarians) , (NP orchardists) and (NP arborists))))))))) .)) (TOP (S (NP-SBJ Ms. Bartlett) (VP (ADVP-MNR blithely) suggested (S (NP-SBJ *) (VP calling (PP-CLR upon `` (NP semi-skilled garden club workers)) (PP for (NP maintenance))))) . '')) (TOP (S (ADVP Furthermore) , (NP-SBJ she) (VP had (VP insisted (PP-CLR on (NP (NP (NP paths) (ADJP (ADJP so narrow) (PRN -LRB- (NP (QP five to eight) feet) -RRB-) (SBAR *RNR*-1))) and (NP (NP hedge corners) (ADJP (ADJP so square) (SBAR *RNR*-1))) (SBAR-1 that (S (NP-SBJ (NP standard maintenance equipment) (PRN -- (NP (NP trucks) or (NP cherry pickers)) --)) (VP could n't (VP maneuver)))))))) .)) (TOP (S (ADVP Then) , (S-PRP (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ these gardenettes) (ADVP quite literally) (NP-PRD rooms))))) , (NP-SBJ-1 Ms. Bartlett) (VP had (VP thrown (PRT up) (NP (NP windowless walls) (PRN -LRB- (NP brick , lattice , hedge) -RRB-) (ADJP (QP eight to 10) feet tall)) , (S-ADV (NP-SBJ *-1) (VP casting (NP her interiors) (PP-CLR into (NP day-long Stygian shade)))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-2)) (VP was (ADJP-PRD hard) (S-2 (NP-SBJ *) (VP to (VP see (SBAR (WHADVP-1 how) (S (NP-SBJ photosynthesis) (VP would (ADVP ever) (VP happen (PP-LOC in (NP South Gardens)) (PP without (S-NOM (NP-SBJ *) (VP decking (NP the walls) (PP-CLR in (NP (NP a Christmas-like array) (PP of (NP Gro-Lites))))))) (ADVP-MNR *T*-1))))))))) .)) (TOP (S (ADVP Finally) , (S-ADV (NP-SBJ *-1) (VP flouting (NP (NP the BPCA 's) wishes (S (NP-SBJ *) (VP to (VP continue (NP (NP the popular two-mile riverside Esplanade) , (VP prized (NP *) (PP for (NP (NP its expansive views) (PP of (NP (NP New York Harbor) , (NP (NP the Statue) (PP of (NP Liberty))) and (NP Ellis Island))))))))))))) , (NP-SBJ-1 Ms. Bartlett) (VP threw (PRT up) (NP (NP yet another wall) (PRN , (NP-TMP this time) (ADJP concrete) , (NP-TMP this time) (ADJP (NP-ADV (QP 10 1) feet) tall)))) .)) (TOP (S (NP-SBJ She) (VP ran (NP it) (NP (NP the length) (PP of (NP the South Gardens riverfront))) , (S-ADV (NP-SBJ *) (VP blotting (PRT out) (NP (NP (NP the city 's) great natural water features) , (NP (NP the harbor) and (NP the river)))))) .)) (TOP (S -LRB- (PP-LOC Within (NP her garden)) , (NP-SBJ she) (VP has (VP decreed (NP (NP a waterfall) , (NP a rill) , (NP ponds) and (NP other costly , trivial waterworks)) (PP-LOC beside (NP the Hudson)))) . -RRB-)) (TOP (S (SBAR-TMP While (S (NP-SBJ the model) (VP was (ADVP still) (PP-PRD on (NP view))))) , (NP-SBJ Manhattan Community Board 1) (VP passed (NP (NP a resolution) (PP against (NP South Gardens)))) .)) (TOP (S (NP-SBJ The Parks Council) (VP wrote (NP the BPCA) (SBAR that (S (NP-SBJ this (ADJP `` too ` private ' ... exclusive , '' complex and expensive) `` enclosed garden) ... (VP belongs (PP-LOC-CLR in (NP (NP almost any location) but (NP the waterfront))))))) . '')) (TOP (S (NP-SBJ (NP Lynden B. Miller) , (NP (NP the noted public garden designer) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP restored (NP (NP Central Park 's) Conservatory Garden))))) ,) (VP recalls (NP (NP her reaction) (PP to (NP the South Gardens model))) (PP in (NP (NP light) (PP of (NP (NP the public garden) (SBAR (WHNP-2 0) (S (NP-SBJ she) (VP was (VP designing (NP *T*-2) (PP for (NP (NP 42nd Street 's) Bryant Park)))))))))) : `` (S (NP-SBJ-3 Bryant Park) , (SBAR-ADV as (S (NP-SBJ-4 *-3) (VP designed (NP *-4) (PP-TMP in (NP 1933))))) , (VP failed (PP-CLR as (NP a public space)) , (SBAR-PRP because (S (NP-SBJ it) (VP made (S (NP-SBJ people) (VP feel (ADJP-PRD trapped))))))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP removing (NP (NP the hedges) and (NP some walls))))) , (NP-SBJ-1 the Bryant Park Restoration) (VP is (VP opening (NP it) (PRT up))) .)) (TOP (S (NP-SBJ It) (VP seems (PP to (NP me)) (SBAR 0 (S (NP-SBJ the BPCA plan) (VP has (NP (NP the potential) (PP of (S-NOM (NP-SBJ *) (VP making (S (NP-SBJ South Gardens) (NP-PRD (NP a horticultural jail) (PP for (NP people and plants)))))))))))) . '')) (TOP (S (NP-SBJ (NP The three urban horticulture experts) (PP with (NP Cornell Cooperative Extension))) (VP weighed (PRT in) (PP with (NP (NP a letter) (PP to (NP the BPCA)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP began : `` (S (NP-SBJ We) (VP feel (SBAR that (S (NP-SBJ-2 the garden) (VP is (VP (ADVP-MNR horticulturally) doomed (NP *-2))))))))))))) . '')) (TOP (S (NP-SBJ They) (ADVP-TMP then) (VP addressed (NP (NP the (ADJP decidedly `` questionable) safety) (PP of ... (NP (NP a complex garden) (PP of (NP endless hiding places)))))) .)) (TOP (S (NP-SBJ (NP The (ADJP 8 ft.) hedges) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP obstruct (NP (NP views) (PP-LOC in and out (PP of (NP small ` rooms ')))))))) (VP insure ... (SBAR that (S (NP-SBJ this garden) (VP will (VP be (NP-PRD (NP a potential breeding ground) (PP for (NP crime)))))))) . '')) (TOP (S -LRB- (PP-LOC At (NP Harvard)) , (NP-SBJ Ms. Bartlett) (VP had (VP declared : `` (S (NP-SBJ-1 There) (VP are (VP going (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP problems) (PP with (NP safety))))))))))) ...)) (TOP (S (NP-SBJ-1 I) (VP 'm not (VP going (S (NP-SBJ *-1) (VP to (VP address (NP (NP questions) (PP of (NP safety)))))))) ! '' -RRB-)) (TOP (S (PP Despite (NP (NP the dire assessments) (PP of (NP knowledgeable garden professionals)))) , (NP-SBJ-2 (NP Ms. Bartlett 's) South Gardens design) (ADVP somehow) (VP continues (PRT on) , (S-ADV (NP-SBJ *-2) (ADJP-PRD seemingly impervious (PP to (NP reason)))) , (S-ADV (NP-SBJ-1 *-2) (VP stalled (NP *-1) (ADVP only) (PP by (NP-LGS (NP bureaucratic lethargy) and (NP logistical complications)))))) .)) (TOP (S (NP-SBJ-2 BPCA President and CEO David Emil) (VP hopes (S (NP-SBJ *-2) (VP to (VP negotiate (NP (NP a seawall) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could `` (VP be (ADJP-PRD (ADVP significantly more) visually permeable)))))))))) . '')) (TOP (S And (PP-MNR by (S-NOM (NP-SBJ *-1) (VP substituting (NP (NP yet another landscape architect) , (NP Nicholas Quennell) ,)))) (NP-SBJ-1 he) (VP insists (SBAR 0 (S (NP-SBJ-2 he) (VP can (VP achieve (NP (NP that) and (NP (NP other accommodations) (PP to (NP gardening reality)))) (SBAR-TMP while (S (NP-SBJ *-2) (ADVP still) (VP preserving (NP (NP the `` artistic vision '') (PP of (NP a `` (ADJP truly great) artist))))))))))) . '')) (TOP (S (PP-TMP After (NP (NP four years) (PP of (NP (NP no progress) (PP in (NP this direction)))))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD doubtful) (SBAR-1 0 (S (NP-SBJ (NP any viable collaboration) (PP with (NP Ms. Bartlett))) (VP will (ADVP suddenly) (ADVP-TMP now) (VP be (ADJP-PRD possible)))))) .)) (TOP (S -LRB- (NP-SBJ Mr. Quennell) (VP has (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP plans (S (NP-SBJ *-1) (VP to (VP go (PP-CLR with (NP the grid))))) , (ADVP regardless)))))) . -RRB-)) (TOP (S (NP-SBJ There) (VP is (ADVP still) (NP-PRD (NP time) , (ADVP however) , (SBAR (WHADVP-1 0) for (S (NP-SBJ (NP Gov. Mario Cuomo) or (NP (NP Fabian Palomino) , (NP (NP chairman) (PP of (NP the BPCA board))) ,)) (VP to (VP prevent (NP this topiary `` Tilted Arc) (ADVP-TMP *T*-1))))))) . '')) (TOP (S (NP-SBJ These statesmen) (VP might (VP take (NP counsel) (PP from (NP (NP William Robinson) , (NP (NP author) (PP of (NP `` (NP-TTL The English Flower Garden) '' (PRN -- (NP (NP (NP the gardener 's) bible) (PP-TMP since (NP 1883))) --)))) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP seems (S (NP-SBJ *-2) (VP to (VP have (VP had (NP a Jennifer Bartlett) (PP-CLR in (NP mind)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ he) (VP wrote : `` (S (ADVP Unhappily) , (NP-SBJ our gardeners) (PP-TMP for (NP ages)) (VP have (VP suffered (PP at (NP (NP the hands) (PP of (NP the decorative artist)))) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ *) (VP applying (NP his ` designs ') (PP-CLR to (NP the garden)) (ADVP-TMP *T*-4)))))) (ADVP-TMP *T*-3)))))))))))))))) ... .)) (TOP (S-CLF (NP-SBJ It) (VP is (NP-PRD (NP this adapting) (PP of (NP (NP absurd ` knots ') and (NP (NP patterns) (PP from (NP old books))))) (PP to (NP (NP any surface) (SBAR (WHADVP-3 where) (S (NP-SBJ-4 a flower garden) (VP has (S (NP-SBJ-1 *-4) (VP to (VP be (VP made (NP *-1) (ADVP-LOC *T*-3))))))))))) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP leads (PP-CLR to (NP (NP (ADJP bad and frivolous) design) -- (ADJP (ADJP wrong (PP in (NP plan))) and (ADJP hopeless (PP for (NP (NP the life) (PP of (NP plants)))))))))))) .)) (TOP (S (NP-SBJ I) (VP read (NP (NP the exerpts) (PP of (NP (NP (NP Wayne Angell 's) exchange) (PP with (NP a Gosbank representative)) (PRN -LRB- `` (S-TTL (NP-SBJ *) (VP Put (NP the Soviet Economy) (PP-PUT on (NP Golden Rails)))) , '' (NP-LOC editorial page) , (NP-TMP Oct. 5) -RRB-)))) (PP-MNR with (NP great interest)) , (SBAR-TMP since (S (NP-SBJ the gold standard) (VP is (NP-PRD (NP one) (PP of (NP (NP my areas) (PP of (NP research))))))))) .)) (TOP (S (NP-SBJ Mr. Angell) (VP is (ADJP-PRD incorrect) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP states (SBAR that (S (NP-SBJ (NP the Soviet Union 's) large gold reserves) (VP would (VP give (NP it) `` (NP great power (S (NP-SBJ *) (VP to (VP establish (NP credibility))))))))) (ADVP-TMP *T*-1))))) . '')) (TOP (S (S (PP-TMP During (NP (NP the latter part) (PP of (NP the 19th century)))) , (NP-SBJ Russia) (VP (VP was (PP-PRD on (NP a gold standard))) and (VP had (NP (NP gold reserves) (VP representing (NP (NP (QP more than 100) %) (PP of (NP its outstanding currency)))))))) , but (S (NP-SBJ (NP no one) (PP-LOC outside (NP Russia))) (VP used (NP rubles))) .)) (TOP (S (S (NP-SBJ (NP The Bank) (PP of (NP England))) , (PP on (NP the other hand)) , (VP had (NP (NP gold reserves) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP averaged (NP (NP (QP about 30) %) (PP of (NP its outstanding currency))))))))) , and (S (NP-SBJ-1 (NP Bank) (PP of (NP England notes))) (VP were (VP accepted (NP *-1) (PP-LOC throughout (NP the world))))) .)) (TOP (S (S (NP-SBJ (NP The (ADJP most likely) reason) (PP for (NP this disparity))) (VP is (SBAR-PRD that (S (NP-SBJ (NP the Bank) (PP of (NP England))) (VP was (NP-PRD (NP a private bank) (PP with (NP substantial earning assets)))))))) , and (S (NP-SBJ (NP the common-law rights (S *ICH*-1)) (PP of (NP creditors)) (S-1 (NP-SBJ *) (VP to (VP collect (NP (NP claims) (PP against (NP the bank))))))) (VP were (ADJP-PRD well established) (PP-LOC in (NP Britain)))) .)) (TOP (S (PP By (NP contrast)) , (PP-TMP in (NP 19th-century Russia)) (NP-SBJ an authoritarian government) (VP (VP owned (NP the bank)) and (VP had (NP the power (S (NP-SBJ *) (VP to (VP revoke (NP payment) (SBAR-TMP (WHADVP-1 whenever) (S (NP-SBJ it) (VP chose (ADVP-TMP *T*-1))))))))) , (SBAR-ADV (ADVP much) as (S (NP-SBJ it) (VP would (VP *?* (PP-LOC in (NP (NP today 's) Soviet Union))))))) .)) (TOP (S (NP-SBJ (NP The success) (PP of (NP the British gold standard))) (VP was (ADJP-PRD due (PP to (NP (NP (NP independent private banking) and (NP common law)) , (PP rather than (NP (NP the choice) (PP of (NP gold)) (PP for (S-NOM (NP-SBJ *) (VP valuing (NP the currency)))))))))) .)) (TOP (S (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (NP-PRD no coincidence) (SBAR-1 that (S (PP-TMP (PP from (NP 1844)) (PP to (NP 1914))) , (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ (NP the Bank) (PP of (NP England))) (VP was (NP-PRD an independent private bank) (ADVP-TMP *T*-3)))) , (S (NP-SBJ-4 the pound) (VP was (ADVP-TMP never) (VP devalued (NP *-4)))) and (S (NP-SBJ-5 (NP payment) (PP of (NP gold)) (PP for (NP pound notes))) (VP was (ADVP-TMP never) (VP suspended (NP *-5)))))))) , but (S (PP with (NP (NP the subsequent nationalization) (PP of (NP (NP the Bank) (PP of (NP England)))))) , (S (NP-SBJ-2 the pound) (VP was (VP devalued (NP *-2) (PP-TMP with (NP increasing frequency))))) and (S (NP-SBJ (NP its use) (PP as (NP (NP an international medium) (PP of (NP exchange))))) (VP declined))) .)) (TOP (S (NP-SBJ The Soviet Union) (VP should (VP keep (NP these lessons) (PP-LOC-CLR in (NP mind)) (SBAR-TMP as (S (NP-SBJ-1 it) (VP seeks (S (NP-SBJ *-1) (VP to (VP establish (NP the ruble) (PP-CLR as (NP an international currency)))))))))) .)) (TOP (S (NP-SBJ-2 (NP One way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP make (NP the ruble) (PP-CLR into (NP a major international currency)) (ADVP-MNR *T*-1)))))) (VP would (VP be (S-PRD (NP-SBJ *-2) (VP to (VP leave (NP (NP (NP reserves) (PP of (NP gold))) and (NP earning assets)) (PP-LOC-CLR in (NP a Swiss bank)) (PP with (NP (NP distributions) (VP based (NP *) (PP-CLR on (NP Swiss laws)))))))))) .)) (TOP (S (SBAR-ADV Unless (S (NP-SBJ (NP the laws) (VP determining (NP (NP (NP the noteholder 's) rights) (PP to (NP payment))))) (VP are (ADJP-PRD independent (PP of (NP (NP the issuer) (PP of (NP those notes)))))))) , (ADVP however) , (NP-SBJ a gold-based ruble) (VP would (VP be (ADJP-PRD (ADJP as unsuccessful) (SBAR *ICH*-1)) (PP for (NP the Soviets)) (SBAR-1 as (S (NP-SBJ it) (VP was (ADJP-PRD *?*) (PP for (NP the czars))))))) .)) (TOP (NP Christopher R. Petruzzi)) (TOP (NP (NP Professor) (PP of (NP Taxation)))) (TOP (NP California State University)) (TOP (NP-LOC (NP Fullerton) , (NP Calif .))) (TOP (NP-TMP Wednesday , October 25 , 1989)) (TOP (S (NP-SBJ (NP The key U.S. and foreign annual interest rates) (ADVP-LOC below)) (VP (VP are (NP-PRD (NP a guide) (PP to (NP general levels)))) but (VP do n't (ADVP-TMP always) (VP represent (NP actual transactions)))) .)) (TOP (NP (NP PRIME RATE) : (NP (QP 10 1) %) .)) (TOP (NP (NP The base rate) (PP on (NP corporate loans)) (PP-LOC at (NP large U.S. money center commercial banks)) .)) (TOP (NP (NP FEDERAL FUNDS) : (NP (NP (NP (QP 8 3) %) (ADVP high)) , (NP (NP (QP 8 11) %) (ADVP low)) , (NP (NP (QP 8 3) %) (PP-TMP near (NP closing bid))) , (NP (NP (QP 8 13) %) (VP offered (NP *)))) .)) (TOP (NP (NP Reserves) (VP traded (NP *) (PP among (NP commercial banks)) (PP for (NP overnight use)) (PP in (NP (NP amounts) (PP of (NP (QP $ 1 million or more) *U*))))) .)) (TOP (NP (NP Source) : (NP Fulton Prebon (PRN -LRB- (NP-LOC U.S.A .) -RRB-) Inc .))) (TOP (NP (NP DISCOUNT RATE) : (NP 7 %) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP depository institutions)) (PP by (NP the New York Federal Reserve Bank)))) .)) (TOP (NP (NP CALL MONEY) : (NP (QP 9 3 % to 10 %) *U*) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP brokers)) (PP on (NP stock exchange collateral)))) .)) (TOP (NP (NP (NP COMMERCIAL PAPER) (VP placed (NP *) (ADVP-MNR directly) (PP by (NP-LGS General Motors Acceptance Corp.)))) : (NP (NP (NP 8.45 %) (NP (QP 30 to 44) days)) ; (NP (NP 8.20 %) (NP (QP 45 to 67) days)) ; (NP (NP 8.325 %) (NP (QP 68 to 89) days)) ; (NP (NP 8 %) (NP (QP 90 to 119) days)) ; (NP (NP 7.875 %) (NP (QP 120 to 149) days)) ; (NP (NP 7.75 %) (NP (QP 150 to 179) days)) ; (NP (NP 7.50 %) (NP (QP 180 to 270) days))) .)) (TOP (NP (NP (NP COMMERCIAL PAPER) : (NP (NP (ADJP High-grade unsecured) notes) (VP sold (NP *) (PP-MNR through (NP dealers)) (PP by (NP-LGS major corporations)) (PP-MNR in (NP (NP multiples) (PP of (NP $ 1,000 *U*))))))) : (NP (NP (NP 8.55 %) (NP 30 days)) ; (NP (NP 8.45 %) (NP 60 days)) ; (NP (NP 8.40 %) (NP 90 days))) .)) (TOP (NP (NP (NP CERTIFICATES) (PP OF (NP DEPOSIT))) : (NP (NP (NP 8.09 %) (NP one month)) ; (NP (NP 8.09 %) (NP two months)) ; (NP (NP 8.06 %) (NP three months)) ; (NP (NP 8 %) (NP six months)) ; (NP (NP 7.94 %) (NP one year))) .)) (TOP (NP (NP Average) (PP of (NP top rates)) (VP paid (NP *) (PP by (NP-LGS major New York banks)) (PP-CLR on (NP (NP primary new issues) (PP of (NP negotiable C.D.s)))) , (PRN (ADVP-TMP usually) (PP on (NP (NP amounts) (PP of (NP (QP $ 1 million and more) *U*)))))) .)) (TOP (S (NP-SBJ The minimum unit) (VP is (NP-PRD $ 100,000 *U*)) .)) (TOP (NP (NP (NP Typical rates) (PP-LOC in (NP the secondary market))) : (NP (NP (NP 8.53 %) (NP one month)) ; (NP (NP 8.45 %) (NP three months)) ; (NP (NP 8.27 %) (NP six months))) .)) (TOP (NP (NP BANKERS ACCEPTANCES) : (NP (NP (NP 8.47 %) (NP 30 days)) ; (NP (NP 8.30 %) (NP 60 days)) ; (NP (NP 8.27 %) (NP 90 days)) ; (NP (NP 8.08 %) (NP 120 days)) ; (NP (NP 7.98 %) (NP 150 days)) ; (NP (NP 7.90 %) (NP 180 days))) .)) (TOP (NP (NP Negotiable , bank-backed business credit instruments) (VP (ADVP typically) financing (NP an import order)) .)) (TOP (NP (NP LONDON LATE EURODOLLARS) : (NP (NP (NP (QP 8 11 % to 8 9 %) *U*) (NP one month)) ; (NP (NP (QP 8 9 % to 8 7 %) *U*) (NP two months)) ; (NP (NP (QP 8 5 % to 8 1 %) *U*) (NP three months)) ; (NP (NP (QP 8 1 % to 8 3 %) *U*) (NP four months)) ; (NP (NP (QP 8 7 % to 8 5 %) *U*) (NP five months)) ; (NP (NP (QP 8 7 % to 8 5 %) *U*) (NP six months))) .)) (TOP (NP (NP LONDON INTERBANK OFFERED RATES) (PRN -LRB- (NP LIBOR) -RRB-) : (NP (NP (NP (QP 8 11) %) (NP one month)) ; (NP (NP (QP 8 5) %) (NP three months)) ; (NP (NP (QP 8 7) %) (NP six months)) ; (NP (NP (QP 8 3) %) (NP one year))) .)) (TOP (NP (NP The average) (PP of (NP interbank offered rates)) (PP for (NP dollar deposits)) (PP-LOC in (NP the London market)) (VP based (NP *) (PP-CLR on (NP (NP quotations) (PP-LOC at (NP five major banks))))) .)) (TOP (NP (NP FOREIGN PRIME RATES) : (NP (NP (NP Canada) (NP 13.50 %)) ; (NP (NP Germany) (NP 9 %)) ; (NP (NP Japan) (NP 4.875 %)) ; (NP (NP Switzerland) (NP 8.50 %)) ; (NP (NP Britain) (NP 15 %))) .)) (TOP (S (S (NP-SBJ These rate indications) (VP are n't (ADJP-PRD directly comparable))) ; (S (NP-SBJ lending practices) (VP vary (ADVP widely) (PP-MNR by (NP location)))) .)) (TOP (NP (NP TREASURY BILLS) : (NP (NP Results) (PP of (NP (NP the (NAC-TMP Monday , October 23 , 1989 ,) auction) (PP of (NP (NP short-term U.S. government bills) , (VP sold (NP *) (PP-CLR at (NP (NP a discount) (PP from (NP face value)))) (PP-MNR in (NP (NP units) (PP of (NP (QP $ 10,000 to $ 1 million) *U*)))))))))) : (NP (NP (NP 7.52 %) (NP 13 weeks)) ; (NP (NP 7.50 %) (NP 26 weeks))) .)) (TOP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP .) (PRN -LRB- (NP Freddie Mac) -RRB-) : (NP (NP Posted yields) (PP on (NP 30-year mortgage commitments)) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days))))) .)) (TOP (NP (NP (NP 9.75 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 7.875 %) , (NP (ADJP 2 %) (ADJP rate capped) one-year adjustable rate mortgages)) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION) (PRN -LRB- (NP Fannie Mae) -RRB-) : (NP (NP Posted yields) (PP on (NP (ADJP 30 year) mortgage commitments)) (PP for (NP (NP delivery) (PP within (NP 30 days)))) (PRN -LRB- (VP priced (NP *) (PP-CLR at (NP par))) -RRB-)) (NP (NP (NP 9.68 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 8.70 %) , (NP 6 (ADJP rate capped) one-year adjustable rate mortgages))) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP MERRILL LYNCH READY ASSETS TRUST) : (NP 8.62 %) .)) (TOP (NP (NP (NP Annualized average rate) (PP of (NP return)) (PP after (NP expenses)) (PP for (NP the past 30 days))) ; not (NP (NP a forecast) (PP of (NP future returns))) .)) (TOP (S (NP-SBJ Securities and Exchange Commission Chairman Richard Breeden) (VP told (NP a congressional subcommittee) (SBAR that (S (NP-SBJ-1 he) (VP would (VP consider (S (NP-SBJ *-1) (VP imposing (NP `` circuit breakers '') (S-PRP (NP-SBJ *) (VP to (VP halt (NP program trading) (PP-TMP at (NP volatile times)))))))))))) .)) (TOP (S (NP-SBJ Mr. Breeden) , (PP-LOC in (NP (NP his first testimony) (PP to (NP Congress)) (PP-TMP since (S-NOM (NP-SBJ *) (VP taking (NP the SEC post)))))) , (VP said (SBAR 0 (S (NP-SBJ the agency) (VP is (VP studying (NP (NP the (NAC-TMP Friday the 13th) market plunge) , (PP including (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ current circuit breakers) (VP affected (NP the market) (NP-TMP (NP that day) and (NP the following Monday)) (ADVP-MNR *T*-1))))))))))) .)) (TOP (S (S-TPC-3 (PP-TMP After (NP the study)) , (NP-SBJ-1 the SEC) (VP would (VP be (ADJP-PRD willing (S (NP-SBJ-2 *-1) (VP to (VP consider (S (NP-SBJ *-2) (VP (VP adding (NP new circuit breakers)) or (VP fine-tuning (NP the current ones))))))))))) , (NP-SBJ he) (VP added (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ (NP Circuit breakers) , (VP designed (S (NP-SBJ *) (VP to (VP give (NP the markets) (NP a breather) (PP-TMP in (NP (NP cases) (PP of (NP sharp price movements)))))))) ,) (VP curb (NP (NP trading) (PP of (NP futures or stocks))) (PP-LOC at (NP various trigger points))) .)) (TOP (S (PP-TMP At (NP (NP certain points) (PP-TMP during (NP the (NAC-TMP Friday the 13th) drop)))) , (NP-SBJ circuit breakers) (VP kicked (PRT in) (PP-LOC on (NP the futures market)) , (S-ADV (NP-SBJ *) (VP slowing (NP trading) (PP-TMP at (NP times))))) .)) (TOP (S (NP-SBJ-2 (NP A circuit breaker) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP have (VP closed (PRT down) (NP the New York Stock Exchange))))))) (VP was n't (VP tripped (NP *-2))) .)) (TOP (S (NP-SBJ (NP Rep. Edward Markey) (PRN -LRB- (NP D.) , (NP-LOC Mass.) -RRB-) , (NP (NP chairman) (PP of (NP the House Telecommunications and Finance Subcommittee))) ,) (VP is (VP pushing (NP (NP the idea) (PP of (NP (NP a circuit breaker) (PP for (NP computer-driven program trading))))) (PP in (NP hopes (SBAR 0 (S (NP-SBJ that) (VP would (VP curb (NP (NP `` turmoil '') (PP-LOC in (NP the marketplace))))))))))) .)) (TOP (S (NP-SBJ He) (VP argued (SBAR that (S (NP-SBJ (NP program-trading) (PP by (NP (QP roughly 15) big institutions))) (VP is (VP (VP pushing (PRT around) (NP the markets)) and (VP scaring (NP individual investors))))))) .)) (TOP (S (NP-SBJ Mr. Breeden) (VP did n't (VP reject (NP the proposal))) .)) (TOP (S-2 (SBAR-TMP After (S (NP-SBJ-1 (NP the SEC study) (PP of (NP the drop))) (VP is (VP completed (NP *-1))))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) `` (NP-SBJ-3 I) (VP 'm (ADJP-PRD perfectly happy (S (NP-SBJ *-3) (VP to (VP work (PP with (NP this committee)) ... (PP-LOC in (S-NOM (NP-SBJ *) (VP identifying (SBAR whether (S (NP-SBJ we) (VP need (NP (NP other devices) , '' (PP such as (NP a program-trading curb)))))))))))))) .)) (TOP (S (NP-SBJ Mr. Breeden) (VP backed (NP (NP most) (PP of (NP (NP the provisions) (PP-LOC in (NP (NP a market-reform bill) (SBAR (WHNP-1 that) (S (NP-SBJ the SEC) (VP brought (NP *T*-1) (PP-DTV to (NP the subcommittee)) (NP-TMP last year) (PP-LOC under (NP then-chairman David Ruder))))))))))) .)) (TOP (S (NP-SBJ-1 The measure) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP move (PP-DIR through (NP this Congress))))))) .)) (TOP (S But (NP-SBJ the new chairman) (VP (ADVP-MNR vehemently) opposed (NP (NP a provision) (PP-LOC in (NP the bill)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP give (NP the agency) (NP the right (S (NP-SBJ *) (VP to (VP close (NP the markets) (PP-TMP at (NP (NP times) (PP of (NP stress)))))))))))))) .)) (TOP (S (NP-SBJ Mr. Breeden) (VP contended (SBAR that (S (NP-SBJ (NP uncertainty) (PP over (SBAR (WHADVP-1 when) (S (NP-SBJ the SEC) (VP might (VP act (ADVP-TMP *T*-1))))))) (VP could (VP worsen (NP (NP volatility) (PP-LOC in (NP the markets)))))))) .)) (TOP (S (NP-SBJ He) (VP argued (SBAR that (S (NP-SBJ the current circuit-breaker system) (VP allows (S (NP-SBJ investors) (VP to (VP know `` (SBAR (SBAR (WHADVP-1 precisely when and where) (S (NP-SBJ any trading interruptions) (VP will (VP occur (ADVP-LOC-TMP *T*-1))))) and (SBAR (WHADVP-2 how long) (S (NP-SBJ they) (VP will (VP last (ADVP-TMP *T*-2))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Breeden) (VP offered (NP (NP strong support) (PP for (NP (NP two other provisions) (PP-LOC in (NP the bill)))))) .)) (TOP (S (NP-SBJ One) (VP would (VP force (S (NP-SBJ brokerage houses) (VP to (VP provide (NP the SEC) (NP (NP detailed information) (PP about (NP (NP loans) (VP made (NP *) (PP by (NP-LGS their holding companies))))))))))) .)) (TOP (S (S (NP-SBJ-2 Such loans) (ADVP-TMP often) (VP are (VP used (NP *-2) (S-CLR (NP-SBJ *) (VP to (VP finance (NP leveraged buy-outs))))))) , and (S (NP-SBJ-1 the agency) (VP is (VP worried (NP *-1) (SBAR that (S (NP-SBJ a sharp market drop) (VP could (VP create (NP (NP capital problems) (PP for (NP the firms)))))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP backed (NP (NP a rule) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP require (S (NP-SBJ large traders) (VP to (VP report (NP transactions) (PP-MNR on (NP a systematic basis))))))))))) .)) (TOP (S-1 (NP-SBJ That information) (PRN , (S (NP-SBJ he) (VP argued (SBAR 0 (S *T*-1)))) ,) (VP is (ADJP-PRD critical (PP to (S-NOM (NP-SBJ *) (VP reconstructing (NP (NP sharp market moves) , (PP such as (NP (NP the one) (ADVP-TMP (NP (QP nearly two) weeks) ago))))))))) .)) (TOP (S (PP-LOC In (NP (NP a rare package sale) (PP of (NP its real estate)))) , (NP-SBJ (NP K mart Corp.) , (NP-LOC (NP Troy) , (NP Mich.) ,)) (VP has (VP sold (NP (NP 17) (PP of (NP its strip shopping centers))) (PP-DTV to (NP (NP a limited partnership) (VP led (NP *) (PP by (NP-LGS New York developer Philip Pilevsky))))) , (PP according (PP to (NP (NP sources) (ADJP familiar (PP with (NP the transaction)))))))) .)) (TOP (S (NP-SBJ They) (VP estimate (NP (NP the value) (PP of (NP the transaction))) (PP-CLR at (NP (QP close to $ 100 million) *U*))) .)) (TOP (S (NP-SBJ (NP K mart officials) and (NP Mr. Pilevsky)) (VP would n't (VP comment (PP-CLR on (NP the sale)))) .)) (TOP (S (NP-SBJ K mart) (ADVP-TMP previously) (VP had (VP announced (SBAR 0 (S (NP-SBJ it) (VP would (VP report (NP (NP its third consecutive decline) (PP in (NP quarterly earnings)) (PP for (NP (NP the period) (VP ended (NP-TMP (NP yesterday) , (NP (NP the same day) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 the real estate deal) (VP was (VP completed (NP *-1) (ADVP-TMP *T*-2))))))))))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP are (VP estimating (SBAR 0 (S (NP-SBJ third-quarter earnings) (VP will (VP drop (NP-EXT (QP between 13 % and 20 %) *U*) (PP-DIR to (NP (NP (QP about 50 to 55) cents) (PP per (NP share)) , (PP compared (PP with (NP (NP 63 cents) (PP per (NP share)) (PP-TMP in (NP the year-ago quarter))))))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADJP-PRD unclear) (SBAR-1 (WHNP-2 what effect) (S (NP-SBJ (NP the sale) (PP of (NP the shopping centers))) (VP will (VP have (NP *T*-2) (PP-CLR on (NP earnings))))))) .)) (TOP (S (NP-SBJ K mart) (VP developed (NP (NP the centers) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP range (PP in (NP size)) (PP-CLR (PP from (NP (QP about 150,000) square feet)) (PP to (NP (QP just over 250,000) square feet)))))))) .)) (TOP (S (NP-SBJ-1 Most) (VP are (VP anchored (NP *-1) (PP by (NP-LGS a K mart store)))) .)) (TOP (S (NP-SBJ The retailer) (ADVP reportedly) (VP will (VP lease (NP its stores) (ADVP back) (PP-CLR from (NP (NP the developer) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP plans (S (NP-SBJ *-2) (VP to (VP expand (NP the small centers))))))))))) .)) (TOP (S (NP-SBJ The centers) (VP comprise (NP (NP a total) (PP of (NP (NP (QP about 1.6 million) square feet) (PP of (NP retail space)))))) .)) (TOP (S (NP-SBJ They) (VP (VP are (VP spread (PP-LOC around (NP the country)))) and (VP include (NP (NP locations) (PP-LOC in (NP California , Florida , Washington and Arizona))))) .)) (TOP (S (NP-SBJ (NP Mr. Pilevsky) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP heads (NP (NP Philips International Holding Corp.) , (NP a (ADJP New York-based) real estate company))))) ,) (VP owns (NP (NP (QP more than a dozen) other shopping centers) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ K mart) (VP is (NP-PRD a tenant) (PP-LOC *T*-2)))))) .)) (TOP (S (NP-SBJ The company) (VP is (ADJP-PRD active) (PP-LOC in (NP (NP (UCP office and residential) development) (PP-LOC in (NP New York))))) .)) (TOP (S (ADVP However) , (ADVP-LOC nationally) , (NP-SBJ Mr. Pilevsky) (VP controls (PP-MNR through (NP limited partnerships)) (NP (NP (QP about 85) shopping centers) (PP with (NP (QP about 17 million) square feet)))) .)) (TOP (S (NP-SBJ K mart) (VP runs (NP 2,200 K mart stores) , (ADVP primarily) (PP-LOC in (NP leased facilities))) .)) (TOP (S (NP-SBJ The company) (VP (VP (ADVP typically) sells (NP (NP the centers) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP develops (NP *T*-1)))))) , but (VP has (ADVP-TMP usually) (VP sold (NP (NP (QP only one)) or (NP several)) (PP-TMP at (NP a time))))) .)) (TOP (S (NP-SBJ Motorola) (VP is (VP fighting (ADVP-CLR back) (PP-CLR against (NP junk mail)))) .)) (TOP (S (NP-SBJ (NP So much) (PP of (NP the stuff)) (SBAR *ICH*-1)) (VP poured (PP-CLR into (NP its (NAC-LOC Austin , Texas ,) offices)) (SBAR-1 that (S (NP-SBJ-2 (NP its mail rooms) (ADVP-LOC there)) (ADVP simply) (VP stopped (S (NP-SBJ *-2) (VP delivering (NP it))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ (NP thousands) (PP of (NP (NP mailers) , (NP catalogs) and (NP sales pitches)))) (VP go (PP-DIR straight into (NP the trash))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ We) (ADVP just) (VP do n't (VP have (NP (NP the staff) (SBAR-PRP (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP -LCB- deliver -RCB- (NP it))))))))) , nor (SINV do (NP-SBJ we) (VP have (NP (NP the space) or (NP the time))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP a spokesman) (PP for (NP (NP the (NAC-LOC Schaumburg , Ill. ,) electronics company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP 5,000 employees) (PP-LOC in (NP the Austin area))))))))) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD (NP (NP the overload problem) and (NP the weight problem)) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP have (NP *T*-1)))))) . '')) (TOP (S (NP-SBJ Motorola) (VP is (PP-LOC-PRD in (NP good company))) .)) (TOP (S (S (NP-SBJ (NP Businesses) (PP-LOC across (NP the country))) (VP are (VP getting (ADJP-PRD fed (PRT up) (PP with (NP junk mail)))))) , and (S (NP-SBJ some) (VP are (VP saying (SBAR 0 (S (NP-SBJ-1 they) (ADVP just) (VP are n't (VP going (S (NP-SBJ *-1) (VP to (VP take (NP it) (ADVP-TMP anymore) -- (ADVP literally))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ no one) (VP has (VP tracked (SBAR (WHNP-1 (WHADJP how many) company mail rooms) (S (NP-SBJ *T*-1) (VP throw (PRT out) (NP junk mail)))))))) , (NP-SBJ direct-mail advertising firms) (VP say (SBAR 0 (S (NP-SBJ the number) (VP is (VP growing))))) .)) (TOP (S (NP-SBJ General Motors) (NP-TMP earlier this year) (VP said (SBAR 0 (S (NP-SBJ it) (VP would n't (VP deliver (NP (NP bulk mail) or (NP free magazines)) (PP-LOC in (NP its (NAC-LOC Flint , Mich. ,) office)))))) , (SBAR-ADV while (S (NP-SBJ (NP Air Products & Chemicals) , (NP-LOC (NP Allentown) , (NP Pa.)) ,) (VP says (SBAR 0 (S (NP-SBJ it) (VP (VP screens (NP junk mail)) and (VP (ADVP-TMP often) throws (PRT out) (NP (NP most) (PP of (NP a given mass mailing))))))))))) .)) (TOP (FRAG (WHADVP Why) (NP-SBJ the revolt) ?)) (TOP (UCP (S (NP-SBJ (NP Anybody) (PP with (NP a mailbox))) (VP can (VP answer (NP that)))) : (NP sheer , overwhelming , mind-numbing volume) .)) (TOP (S (PP According (PP to (NP the Direct Marketing Association))) , (NP-SBJ (NP total direct mail) (PRN -- (PP to (NP both businesses and consumers)) --)) (VP jumped (NP-EXT 50 %) (PP-DIR to (NP (QP 65.4 billion) pieces) (PP-TMP in (NP 1988))) (PP-DIR from (ADVP-TMP (NP five years) earlier))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ-1 (NP direct mail) (PP to (NP businesses))) (VP is n't (VP broken (PRT out) (NP *-1) (ADVP-MNR separately))))) , (NP-SBJ the association) (VP says (SBAR 0 (S (NP-SBJ it) (VP 's (VP growing (ADVP-MNR even faster)))))) .)) (TOP (S (NP-SBJ The deluge) (VP has (VP spurred (NP cost-conscious companies) (PP-CLR to (NP action)) , (PP with (S-NOM (NP-SBJ-1 mail rooms) (VP (VP throwing (NP the stuff) (PRT out)) (CONJP rather than) (VP taking (NP the time or money) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP deliver (NP it)))))))))) .)) (TOP (S (NP-SBJ The direct-mail industry) , (ADVP not surprisingly) , (VP is (VP fuming (PP-CLR at (NP (NP the injustice) (PP of (NP (NP it) (NP all))))))) .)) (TOP (S (PP After (NP all)) , (NP-SBJ this) (VP is (NP-PRD (NP the industry) (SBAR (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (S (NP-SBJ a (ADJP hard enough) time) (VP getting (NP any respect)))))) , (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP is (NP-PRD (NP the butt) (PP of (NP (NP (ADJP so many) jokes) (SBAR that (S (NP-SBJ (NP television 's) `` (NX-TTL L.A. Law) '') (VP portrays (NP direct-mail-mogul David) (PP-CLR as (ADJP (ADJP short) , (ADJP bald) , (ADJP intensely nerdy) , and (ADJP unremittingly boring))))))))))))))) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ (NP The practice) (PP of (S-NOM (NP-SBJ businesses) (VP throwing (PRT out) (NP junk mail))))) `` (VP is (NP-PRD a (ADJP commonly known) problem))) , and (S (NP-SBJ it) (VP 's (VP increasing (SBAR-CLR as (S (NP-SBJ-2 companies) (VP attempt (S (NP-SBJ *-2) (VP to (VP put (PRT through) (NP (NP budget cuts) (PP-LOC across (NP the board)) , '' (ADVP right down (PP to (NP the mail-room level)))))))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Stephen Belth) , (NP a (NX (NX list consultant) and (NX (NX chairman) (PP of (NP (NP the Direct Marketing Association 's) business-to-business council)))))) .)) (TOP (S `` But (NP-SBJ it) (VP 's (PP-PRD like (S-NOM (NP-SBJ *) (VP biting (NP (NP the hand) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP feeds (NP them)))))))) , (SBAR-PRP because (S (NP-SBJ (NP every one) (PP of (NP these companies))) (VP uses (NP direct marketing))))) . '')) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD almost impossible) (S-1 (NP-SBJ *) (VP to (VP track (NP (NP the number) (PP of (NP (NP companies) (VP trashing (NP junk mail)))))))) , (SBAR-PRP since (S (NP-SBJ the decision) (VP is (ADVP-TMP usually) (VP made (PP-LOC in (NP (NP the mail room) (PRN -- not (NP the board room))))))))) .)) (TOP (S And (NP-SBJ the practice) (ADVP-TMP often) (VP varies (PP-LOC-CLR (PP from (NP location)) (PP to (NP location))) (PP-LOC even within (NP a company))) .)) (TOP (S But (NP-SBJ industry executives) (VP say (SBAR 0 (S (NP-SBJ-1 businesses) (VP seem (ADJP-PRD especially inclined (S (NP-SBJ *-1) (VP to (VP dump (NP (NP mailers) (VP sent (NP *) (PP-CLR (PP to (NP titles)) (CONJP rather than) (PP to (NP individual names))))))))))))) .)) (TOP (S (NP-SBJ-4 (NP Motorola 's) Austin operation) (VP was (NP-PRD (NP one) (PP of (NP (NP the first) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP lose (NP patience)))))))) , (S-ADV (NP-SBJ-3 *-4) (VP deciding (ADVP-TMP (NP a few years) ago) (S (NP-SBJ *-3) (VP to (VP junk (NP (NP any bulk mail) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was n't (VP addressed (PP-CLR to (NP an individual))))))))))))) .)) (TOP (S (S (NP-SBJ Magazines) (VP are n't (VP delivered (ADVP at all) , (SBAR-ADV even if (S (NP-SBJ-1 (NP an individual 's) name) (VP is (VP listed (NP *-1)))))))) ; (S (NP-SBJ-3 (NP employees) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP want (NP their magazines))))) (VP (VP have (S (NP-SBJ *-3) (VP to (VP pick (NP them) (PRT up) (PP-CLR from (NP (NP the mail room) or (NP the company library))))))) -- and (VP are (VP told (S (NP-SBJ *-3) (VP to (VP change (NP the subscriptions) (PP-CLR to (NP their home addresses))))))))) .)) (TOP (S (PP-LOC At (NP Air Products)) , (ADVP-TMP meanwhile) , (NP-SBJ the mailroom staff) (VP (VP opens (NP junk mail)) and (VP (ADVP-TMP often) throws (NP it) (PRT away)) -- (SBAR-ADV even if (S (NP-SBJ-1 *) (VP addressed (NP *-1) (PP-CLR to (NP an individual)))))) .)) (TOP (S `` (S-TPC-3 (SBAR-ADV If (S (NP-SBJ they) (VP get (NP (NP 50 packets) (PP of (NP something)))))) , (NP-SBJ they) (VP (VP open (NP one)) , (VP see (SBAR (WHNP-1 what) (S (NP-SBJ it) (VP says (NP *T*-1))))) , (VP throw (NP 48) (PRT away)) and (VP send (NP two) (PP-CLR to (NP (NP people or departments) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP think (S (NP-SBJ *T*-2) (VP are (ADJP-PRD appropriate))))))))))) , '' (NP-SBJ a spokesman) (VP says (S *T*-3)) .)) (TOP (S (NP-SBJ Direct marketers) (VP were (ADJP-PRD especially alarmed) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP General Motors) (PRN -- (NP (NP (NP one) (PP of (NP (NP the country 's) largest companies))) and (NP (NP a big direct-mail user) (NP itself))) --)) (VP entered (NP the junk-mail battle) (ADVP-TMP *T*-1))))) .)) (TOP (S (PP-TMP As (PP of (NP March 1))) , (NP-SBJ-1 (NP its Flint office) , (PP with (NP (QP about 2,500) employees)) ,) (VP stopped (S (NP-SBJ *-1) (VP delivering (NP (NP bulk mail) and (NP non-subscription magazines))))) .)) (TOP (S (NP-SBJ-1 Employees) (VP were (VP told (NP *-1) (SBAR that (S (SBAR-ADV if (S (NP-SBJ they) (ADVP really) (VP wanted (NP the publications)))) , (NP-SBJ-2 they) (VP would (VP have (S (NP-SBJ *-2) (VP to (VP have (S (NP-SBJ them) (VP sent (ADVP-DIR home) (ADVP instead)))))))))))) .)) (TOP (NP (NP The reason) : (NP (NP overload) , (PP especially of (NP non-subscription magazines))) .)) (TOP (S (NP-SBJ Direct-mail executives) (VP see (NP (NP GM 's) stand) (PP-CLR as (NP an ominous sign)) -- (SBAR-ADV even if (S (NP-SBJ the junk-mail kings) (VP did (VP bring (NP it) (PP-CLR on (NP themselves))))))) .)) (TOP (SINV `` (FRAG-TPC-3 (SBAR (WHADVP-1 Why) (S (NP-SBJ-2 anyone) (VP would (VP want (S (NP-SBJ *-2) (VP to (VP close (NP themselves) (PRT off) -LCB- (PP-CLR from (NP direct mail)) -RCB- (ADVP-PRP *T*-1)))))))) , (ADVP-TMP a priori) , (VP does n't (VP make (NP any sense)))) , '' (VP says (FRAG *T*-3)) (NP-SBJ (NP Michael Bronner) (PP of (NP (NP Bronner Slosberg Associates) , (NP a Boston directmail firm)))) .)) (TOP (S `` (NP-SBJ It) (VP smacks (PP-CLR of (NP big brotherism))) .)) (TOP (S (NP-SBJ-1 They) (VP 're (VP going (S (NP-SBJ *-1) (VP to (VP decide (SBAR (WHNP-3 what) (S (NP-SBJ their employees) (VP (VP can (VP *RNR*-2)) or (VP can not (VP *RNR*-2)) (VP-2 read (NP *T*-3)))))))))) . '')) (TOP (S (NP-SBJ The practice) (VP is , (ADVP however) , (ADJP-PRD legal) (PP-LOC in (NP most cases))) .)) (TOP (S (S (NP-SBJ (NP Jack Ellis) , (NP (NP a U.S. postal inspector) (PP-LOC in (NP New York))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP the Postal Service 's) only job) (VP is (S-PRD (NP-SBJ *) (VP to (VP deliver (NP the mail) (PP-DIR to (NP the mail room)))))))))) ; (S (SBAR-TMP once (S (NP-SBJ it) (VP gets (ADVP-LOC there)))) , (NP-SBJ a company) (VP can (VP do (PP-CLR with (NP it)) (SBAR-NOM (WHNP-1 what) (S (NP-SBJ it) (VP wishes (NP *T*-1))))))) .)) (TOP (S (NP-SBJ-1 The junk-mail titans) , (S-ADV (NP-SBJ *-1) (ADVP-TMP ever) (ADJP-PRD optimistic)) , (VP are (VP looking (PP-CLR for (NP (NP ways) (PP around (NP the problem)))))) .)) (TOP (S-1 (ADVP-TMP So far) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-1)))) ,) (NP-SBJ it) (VP has n't (VP had (NP (NP any noticeable effect) (PP on (NP response rates))))) .)) (TOP (S And (SBAR-TMP before (S (NP-SBJ it) (VP does))) , (NP-SBJ-2 they) (VP 're (VP trying (S (NP-SBJ *-2) (VP to (VP cut (ADVP-CLR back) (PP-CLR on (NP (NP the clutter) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP created (NP the situation) (PP-TMP in (NP the first place)))))))))))) .)) (TOP (S (PP Among (NP other things)) , (NP-SBJ-2 the industry) (VP is (VP trying (S (NP-SBJ *-2) (VP to (VP come (PRT up) (PP-CLR with (NP (NP standardized business lists) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP cut (PRT down) (PP-CLR on (NP duplications)))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-1 We) (VP 're (VP going (S (NP-SBJ-2 *-1) (VP to (VP have (S (NP-SBJ *-2) (VP to (VP mail (ADVP (ADVP-TMP (NP-ADV a lot) less) and (ADVP-MNR (NP-ADV a lot) smarter))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Jack Miller) , (NP (NP president) (PP of (NP (NP Quill Corp.) , (NP a (NAC-LOC Lincolnshire , Ill. ,) business-to-business mail-order company))))) .)) (TOP (S But (ADVP then again) , (S-NOM-SBJ (NP-SBJ *) (VP mailing (ADVP (ADVP-TMP less) and (ADVP-MNR smarter)))) (VP wo n't (VP be (NP-PRD much help) (SBAR-ADV if (S (NP-SBJ the mail) (VP ends (PRT up) (PP-LOC-CLR in (NP the garbage)) (ADVP anyway)))))) .)) (TOP (NP-HLN New Hyundai Campaign)) (TOP (S (NP-SBJ-1 Hyundai Motor America) , (S-ADV (NP-SBJ *-1) (VP fighting (NP (NP quality complaints) , (NP declining sales) and (NP management turmoil)))) , (NP-TMP yesterday) (VP unveiled (NP (NP its 1990 ad strategy) , (VP tagged (S (NP-SBJ *) `` (S-TTL-PRD (NP-SBJ We) (VP 're (VP Making (NP (NP More Sense) (PP Than (ADVP-TMP Ever)))))))))) . '')) (TOP (S (NP-SBJ (NP The ad campaign) , (VP created (NP *) (PP by (NP-LGS (NP Saatchi & Saatchi 's) Backer Spielvogel Bates agency))) ,) (VP is (NP-PRD (NP an extension) (PP of (NP (NP (NP the auto company 's) `` (NAC-TTL Cars (SBAR (WHNP-1 That) (S (NP-SBJ *T*-1) (VP Make (NP Sense))))) '' campaign) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP emphasized (NP affordability)))))))) .)) (TOP (S (NP-SBJ (NP TV ads) (VP plugging (NP (NP (NP the company 's) new V-6 Sonata) and (NP its souped-up Excel subcompact)))) (VP will (VP begin (VP appearing (NP-TMP Monday)))) .)) (TOP (S (S (NP-SBJ One spot) (VP shows (NP (NP a Sonata) (ADVP-LOC next (PP to (NP a rival midsized car)))))) , and (S (NP-SBJ an announcer) (VP says , `` (S (NP-SBJ *) (VP Listen (PP-CLR to (SBAR-NOM (WHNP-1 what) (S (NP-SBJ they) (VP 're (VP saying (NP *T*-1) (PP-CLR about (NP the Hyundai Sonata))))))))))) . '')) (TOP (S (SBAR-TMP As (S (NP-SBJ the announcer) (VP reads (NP (NP favorable quotes) (PP about (NP the model)) (PP from (NP Motor Trend and Road & Track magazines)))))) , (NP-SBJ (NP the other car) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD white)))) ,) (VP (ADVP-MNR slowly) turns (ADJP-PRD green)) .)) (TOP (S `` (NP-TPC-1 No wonder (SBAR 0 (S (NP-SBJ the competition) (VP 's (ADJP-PRD green (PP with (NP envy))))))) , '' (NP-SBJ the announcer) (VP says (NP *T*-1)) .)) (TOP (NP Ad Notes ... .)) (TOP (NP-HLN ACQUISITION :)) (TOP (S (NP-SBJ (NP EWDB) , (VP formed (NP *) (PP by (NP-LGS (NP the merger) (PP of (NP (NP Eurocom) and (NP Della Femina McNamee WCRS)))))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP Vizeversa) , (NP (NP an agency) (PP-LOC in (NP Barcelona))))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (NP-HLN HOLIDAY ADS :)) (TOP (S (NP-SBJ Seagram) (VP will (VP run (NP (NP two interactive ads) (VP *ICH*-4)) (PP-LOC in (NP December magazines)) (VP-4 promoting (NP its Chivas Regal and Crown Royal brands)))) .)) (TOP (S (NP-SBJ The Chivas ad) (VP illustrates (PRN -- (PP-MNR via (NP (NP a series) (PP of (NP pullouts)))) --) (NP (NP the wild reactions) (PP from (NP the pool man , gardener and others)) (SBAR-ADV if (S (NP-SBJ-1 *) not (VP given (NP *-1) (NP Chivas) (PP for (NP Christmas))))))) .)) (TOP (S (NP-SBJ The three-page Crown Royal ad) (VP features (NP (NP (NP a black-and-white shot) (PP of (NP a boring holiday party))) -- and (NP (NP a set) (PP of (NP (NP colorful stickers) (SBAR (WHPP-1 with (WHNP which)) (S (NP-SBJ readers) (VP can (VP dress (NP it) (PRT up) (PP-MNR *T*-1)))))))))) .)) (TOP (S (NP-SBJ-1 Both ads) (VP were (VP designed (NP *-1) (PP by (NP-LGS (NP Omnicom 's) DDB Needham agency)))) .)) (TOP (S (NP-SBJ-2 (NP Senate Democrats) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP favor (S (NP-SBJ *-3) (VP cutting (NP the capital-gains tax))))))) (VP are n't (ADJP-PRD ready (S (NP-SBJ *-2) (VP to (VP line (PRT up) (PP-LOC-CLR behind (NP the leading Senate proposal))))))) .)) (TOP (S (NP-SBJ Their reluctance (S (NP-SBJ *) (VP to (VP support (NP the proposal))))) (VP is (NP-PRD (NP another blow) (PP to (NP (NP the capital-gains cut) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP had (NP a roller-coaster existence) (PP-TMP since (NP (NP the beginning) (PP of (NP the year)) , (SBAR (WHADVP-3 when) (S (NP-SBJ-2 it) (VP (VP was (VP considered (S (NP-SBJ *-2) (ADJP-PRD dead)) (ADVP-TMP *T*-3))) and (VP (ADVP-TMP then) (VP (ADVP suddenly) revived (NP *-2)) and (VP was (VP passed (NP *-2) (PP by (NP-LGS the House)))))))))))))))))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ (NP Oregon Sen. Bob Packwood) , (NP (NP the ranking GOP member) (PP-LOC on (NP the tax-writing Senate Finance Committee))) ,) (NP-TMP last night) (VP introduced (NP his plan) (PP-CLR as (NP (NP an amendment) (PP to (NP (NP a pending measure) (VP authorizing (NP (NP U.S. aid) (PP for (NP Poland and Hungary))))))))) .)) (TOP (S (NP-SBJ (NP Senate Majority Leader George Mitchell) (PRN -LRB- (NP D.) , (NP-LOC Maine) -RRB-)) (VP was (ADJP-PRD confident (SBAR 0 (S (NP-SBJ he) (VP had (NP enough votes) (S-PRP (NP-SBJ *) (VP to (VP block (NP the maneuver) (PP-MNR on (NP procedural grounds)) , (PRN (ADVP perhaps) (ADVP-TMP (ADVP as soon) (PP as (NP today)))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Packwood) (ADVP all but) (VP conceded (NP defeat) , (S-ADV (NP-SBJ *-1) (VP telling (NP Mr. Mitchell) : `` (S (NP-SBJ I) (VP sense (PP-TMP at (NP this stage)) (SBAR 0 (S (NP-SBJ you) (VP may (VP have (NP the votes)))))))))) . '')) (TOP (S (NP-SBJ-1 The two lawmakers) (VP sparred (PP-MNR in (NP a highly personal fashion)) , (S-ADV (NP-SBJ *-1) (VP violating (NP usual Senate decorum)))) .)) (TOP (S (NP-SBJ Their tone) (VP was (ADJP-PRD good-natured) , (PP with (S-NOM (S (NP-SBJ Mr. Packwood) (VP saying (SBAR 0 (S (NP-SBJ-1 he) (VP intended (S (NP-SBJ *-1) (VP to (VP offer (NP the proposal) (ADVP-TMP again and again) (PP on (NP future legislation)))))))))) and (S (NP-SBJ Sen. Mitchell) (VP saying (SBAR 0 (S (NP-SBJ-2 he) (VP intended (S (NP-SBJ-3 *-2) (VP to (VP use (NP procedural means) (S-CLR (NP-SBJ *-3) (VP to (VP block (NP it) (ADVP-TMP again and again))))))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 (NP the proposal) , (VP authored (NP *) (PP by (NP-LGS (NP Mr. Packwood) and (NP (NP Sen. William Roth) (PRN -LRB- (NP R.) , (NP-LOC Del.)) -RRB-)))) ,) (VP appears (S (NP-SBJ *-1) (VP to (VP have (NP (NP general backing) (PP by (NP Republicans))))))))) , (NP-SBJ their votes) (VP are n't (ADJP-PRD sufficient (S (NP-SBJ *) (VP to (VP pass (NP it)))))) .)) (TOP (S And (NP-SBJ (NP Democrats) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (PP-PRD under (NP (NP increasing pressure (S *ICH*-2)) (PP from (NP their leaders)) (S-2 (NP-SBJ *) (VP to (VP reject (NP the gains-tax cut))))))))) ,) (VP are (VP finding (NP reasons (S (NP-SBJ *) (VP to (VP say (NP no) , (PRN (ADVP at least) (PP-TMP for now)))))))) .)) (TOP (S (NP-SBJ A major reason) (VP is (SBAR-PRD that (S (NP-SBJ they) (VP believe (SBAR 0 (S (NP-SBJ the Packwood-Roth plan) (VP would (VP lose (NP (NP buckets) (PP of (NP revenue))) (PP-TMP over (NP the long run)))))))))) .)) (TOP (S (NP-SBJ The Packwood-Roth proposal) (VP would (VP reduce (NP the tax) (PP depending (PP on (SBAR-NOM (WHADVP-2 how long) (S (NP-SBJ-1 an asset) (VP was (VP held (NP *-1) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP would (VP create (NP (NP a new individual retirement account) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP shield (PP-CLR from (NP taxation)) (NP (NP the appreciation) (PP on (NP (NP investments) (VP made (NP *) (PP-PRP for (NP (NP a wide variety) (PP of (NP purposes)) , (PP including (NP (NP retirement) , (NP medical expenses) , (NP first-home purchases) and (NP tuition)))))))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-2 (NP A number) (PP of (NP us))) (VP are not (VP going (S (NP-SBJ *-2) (VP to (VP touch (NP (NP capital gains) , (NP IRAs) or (NP anything else)) (SBAR-ADV unless (S (NP-SBJ it) (VP contributes (PP-CLR to (NP deficit-reduction))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Sen. Charles Robb) (PRN -LRB- (NP D.) , (NP-LOC Va.) -RRB-) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP one) (PP of (NP (NP the (QP 10 to 20) Democrats) (SBAR (WHNP-4 who) (S (NP-SBJ the Bush administration) (VP believes (SBAR 0 (S (NP-SBJ-5 *T*-4) (VP might (VP favor (S (NP-SBJ *-5) (VP giving (NP preferential treatment) (PP-DTV to (NP capital gains)))))))))))))))))) .)) (TOP (S (NP-SBJ President Bush) (VP has (VP been (VP hearing (NP (NP this kind) (PP of (NP opposition))) (ADVP-MNR first hand) (PP-TMP during (NP (NP meetings) (PP-TMP over (NP the past two days)) (PP with (NP Democratic senators)) (PP-LOC at (NP the White House))))))) .)) (TOP (S And (PP-LOC at (NP (NP a luncheon meeting) (NP-TMP Tuesday) (PP of (NP Democratic senators)))) , (NP-SBJ there) (VP was (NP-PRD (NP outspoken opposition) (PP to (S-NOM (NP-SBJ *) (VP cutting (NP the capital-gains tax) (NP-TMP this year))))) , (PP according (PP to (NP participants)))) .)) (TOP (S (NP-SBJ The trend) (VP is (VP making (S (NP-SBJ (NP advocates) (PP of (NP the tax cut))) (ADJP-PRD less optimistic (PP about (NP success)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP is (NP-PRD (NP a one-out-of-three shot) (PP of (S-NOM (NP-SBJ *) (VP getting (NP it) (NP-TMP this year))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP (NP Sen. David Boren) (PP of (NP Oklahoma))) , (NP (NP a leading Democratic proponent) (PP of (S-NOM (NP-SBJ *) (VP cutting (NP the capital-gains tax)))))) .)) (TOP (S (NP-SBJ He) (VP called (S (NP-SBJ the battle) `` (ADJP-PRD uphill))) . '')) (TOP (S (NP-SBJ (NP Other Democrats) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP favor (NP a capital-gains cut))))) (VP are (ADJP-PRD even more pessimistic)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP will (VP be (NP-PRD no capital-gains bill) (NP-TMP this year)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Sen. Dale Bumpers) (PRN -LRB- (NP D.) , (NP-LOC Ark .) -RRB-)) .)) (TOP (S `` (NP-SBJ-1 I) (VP 'm (ADVP probably not) (VP going (S (NP-SBJ *-1) (VP to (VP vote (PP-CLR for (NP any capital-gains proposal))))))) .)) (TOP (S (NP-SBJ (NP The IRA portion) (PRN -LRB- (PP of (NP the Packwood-Roth plan)) -RRB-)) (VP is (ADJP-PRD irresponsible)) . '')) (TOP (S (NP-SBJ (NP Another significant factor) (PP-LOC in (NP the capitalgains debate))) (VP is (NP-PRD (NP the extent) (SBAR (WHPP-1 to (WHNP which)) (S (NP-SBJ it) (VP has (VP become (NP-PRD (NP a (ADJP purely political) battle) (PP between (NP (NP President Bush) and (NP Senate Majority Leader Mitchell)))) (PP *T*-1))))))) .)) (TOP (S (NP-SBJ Mr. Mitchell) (VP has (VP made (S (ADJP-PRD clear (PP to (NP his wavering colleagues))) (SBAR-SBJ that (S (NP-SBJ the issue) (VP is (ADJP-PRD important (PP to (NP (NP him) (ADVP personally)))))))))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ-1 (NP Sen. Mitchell) and (NP other leading Democrats)) (VP plan (S (NP-SBJ-2 *-1) (VP to (VP turn (PRT up) (NP the heat) (ADVP again) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP holding (NP a news conference) (S-PRP (NP-SBJ *) (VP to (VP bash (NP the proposal))))))))))) .)) (TOP (S (NP-SBJ (NP Estimates) (VP requested (NP *) (PP by (NP-LGS Sen. Mitchell)) (PP from (NP the Congressional Joint Taxation Committee)))) (VP show (SBAR that (S (NP-SBJ the richest 100 taxpayers) (VP got (NP (NP an average benefit) (PP from (NP the capital-gains differential)) (PP of (NP (NP (QP $ 13 million) *U*) (NP-ADV each)))) (PP-TMP in (NP (NP 1985) , (NP (NP the last year) (SBAR (WHPP-1 for (WHNP which)) (S (NP-SBJ figures) (VP are (ADJP-PRD available) (PP *T*-1))))))))))) .)) (TOP (S (NP-SBJ White House officials) (VP acknowledged (NP-TMP yesterday) (SBAR that (S (NP-SBJ-1 Democrats) (ADVP still) (VP are (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (ADVP-MNR publicly) (VP express (NP (NP support) (PP for (NP the Packwood-Roth capital gains proposal))))))) (SBAR-PRP because (S (NP-SBJ-2 they) (VP are (ADJP-PRD loath (S (NP-SBJ *-2) (VP to (VP buck (NP Sen. Mitchell)))))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ the officials) (VP said (SBAR 0 (S (NP-SBJ they) (VP are (ADJP-PRD open (PP to (S-NOM (NP-SBJ *) (VP making (NP (NP a variety) (PP of (NP (NP deals) (PP with (NP Senate Democrats))))) (S-PRP (NP-SBJ *) (VP to (VP win (NP (NP their support) (PP for (NP a capital-gains tax cut)))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-3 (NP Democrats) (VP asked (PRT in) (NP *) (NP-TMP this week) (PP for (NP (NP discussions) (PP with (NP President Bush)))))) (VP have (VP suggested (NP (NP ways) (PP of (S-NOM (NP-SBJ *) (VP `` tinkering '' (PP-CLR with (NP the Packwood-Roth proposal)))))) , (S-ADV (NP-SBJ *-3) (VP suggesting (NP (NP an interest) (PP in (S-NOM (NP-SBJ *) (VP looking (PP-CLR for (NP (NP a modified version) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP can (VP back (NP *T*-1)))))))))))))))) , (NP-SBJ one official) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ White House aides) (VP think (SBAR that (S (NP-SBJ there) (VP are (NP-PRD (NP (NP numerous other important measures) (SBAR (WHNP-2 0) (S (NP-SBJ Democrats) (ADVP badly) (VP wanted (S (NP-SBJ-3 *T*-2) (VP passed (NP *-3))))))) (PRN -- (PP such as (NP (NP the scaling back) (PP of (NP (NP a controversial catastrophic health-care plan) (PP for (NP the elderly)))))) --) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP provide (NP the president) (NP (NP leverage) (PP-LOC in (S-NOM (NP-SBJ *) (VP cutting (NP (NP deals) (PP with (NP Democrats)))))))))))))))) .)) (TOP (S (NP-SBJ-1 A capital-gains tax cut) (VP might (VP be (VP paired (NP *-1) (PP-CLR with (NP such measures)) (S-PRP (NP-SBJ *) (VP to (VP help (S (NP-SBJ *) (VP ensure (NP passage))))))))) .)) (TOP (S (NP-SBJ Other possibilities) (VP include (NP (NP a child-care initiative) and (NP (NP an increase) (PP in (NP the minimum wage))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ they) (VP ca n't (VP secure (NP (NP immediate passage) (PP of (NP a capital-gains plan))))))) , (NP-SBJ-1 administration officials) (ADVP also) (VP are n't (VP ruling (PRT out) (S (NP-SBJ *-1) (VP making (NP a deal) (PP-CLR with (NP Congress)) (S-PRP (NP-SBJ *) (VP to (VP put (PRT off) (NP a vote) (PP-TMP until (NP (NP (NP a firm date) (PP-TMP in (NP the future))) , (NP even next year)))))))))) .)) (TOP (S But (NP-SBJ the officials) (VP insist (SBAR that (S (NP-SBJ-1 (NP such a deal) (PP on (NP a future vote))) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP apply (PP-CLR to (NP both (NP the House) and (NP the Senate))))))))))) .)) (TOP (S (NP-SBJ Gerald F. Seib) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ Japanese immigration authorities) (VP said (SBAR 0 (S (NP-SBJ they) (VP found (NP (QP 658 more) Chinese) (PP among (NP Vietnamese boat people)) , (S-ADV (NP-SBJ *) (VP bringing (NP (NP the number) (PP of (NP (NP Chinese) (VP trying (S (NP-SBJ-1 *) (VP to (VP enter (NP Japan) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP posing (PP-CLR as (NP Vietnamese refugees))))) (NP-TMP this year)))))))) (PP-CLR to (NP 1,642)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Japan) (VP (VP plans (S (NP-SBJ *-1) (VP to (VP send (NP the Chinese) (ADVP-DIR back home))))) and (VP is (VP negotiating (PP with (NP the Chinese government)))))) , (NP-SBJ a Justice Ministry official) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-2 (NP-SBJ The Chinese) (VP were (PP-PRD among (NP (NP 3,372 boat people) (PP supposedly from (NP Vietnam)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP arrived (PP-LOC-CLR in (NP Japan)) (NP-TMP this year)))) , (PP compared (PP with (NP (NP 219) (PP for (NP (NP all) (PP of (NP 1988))))))))))) , (NP-SBJ the official) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 (NP The 658 Chinese) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP have (VP been (PP-LOC-PRD in (NP a refugee-assistance center)))))) ,) (VP were (VP sent (NP *-1) (PP-DIR to (NP immigration facilities)) (NP-TMP yesterday) (PP pending (NP (NP deportation) (PP to (NP China))))))) , (NP-SBJ the official) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (PP-TMP On (NP Sept. 13)) , (NP-SBJ-1 Japan) (VP began (NP (NP a policy) (PP of (S-NOM (NP-SBJ *) (VP screening (NP boat people))))) , (S-ADV (NP-SBJ *-1) (VP accepting (NP (NP only those) (ADJP deemed (S (NP-SBJ *) (VP to (VP be (NP-PRD political refugees))))))))) .)) (TOP (S (NP-SBJ (NP Francoise Verne) , (NP (NP 52-year-old former deputy director) (PP of (NP (NP France 's) mint))) ,) (VP faces (NP prison) (PP for (NP (NP her theft) (PP of (NP (QP some 67) rare coins)) (PP from (NP (NP the mint 's) collections))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (ADJP-PRD Second (PP in (NP command))) (PP-TMP (PP from (NP 1979)) (PP to (NP 1984)))) , (NP-SBJ-2 Mrs. Verne) (VP told (NP a Paris court) (SBAR that (S (NP-SBJ (NP the `` great disorder '') (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP reigned (PP-LOC at (NP the agency)))))) (VP led (NP her) (PP-DIR into (NP temptation)))))) .)) (TOP (S (PP-TMP Before (NP (NP an inventory) (PP-TMP in (NP 1984)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP showed (NP (NP the `` disappearance '') (PP of (NP (NP 944 coins) (VP valued (NP *) (PP-CLR at (NP (NP (QP about 2.9 million) French francs) (PRN -LRB- (NP (QP about $ 465,000) *U*) -RRB-)))))))))))) , (NP-SBJ there) (VP had n't (VP been (NP-PRD any stock-taking) (PP-TMP since (NP 1868)))) .)) (TOP (S (NP-SBJ (NP Tony Lambert) , (NP (NP Mrs. Verne 's) successor) ,) (VP says (SBAR 0 (S (NP-SBJ (NP (NP the mint 's) losses) (PP from (NP the theft))) (VP run (PP-CLR into (NP (NP the hundreds) (PP of (NP thousands)) (PP of (NP francs)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ El Salvador) (VP is (VP destroying (NP (NP (QP more than 1.6 million) pounds) (PP of (NP (NP food) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (VP rotted (PP-LOC in (NP government warehouses)))))))))))) , (NP-SBJ government officials) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-2 (NP-SBJ-3 The state Supply Regulator Institute) (VP is (S (NP-SBJ *-3) (VP to (VP burn (NP (NP rice , corn and beans) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP spoiled (PP-PRP because of (NP (NP neglect and corruption) (PP-LOC in (NP the previous Christian Democrat government))))))))))))) , (NP-SBJ (NP a statement) (PP from (NP the information service SISAL))) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-3 (PP-TMP During (NP the past administration)) (NP-SBJ-2 the foodstuffs) (VP were (VP (VP (ADVP-TMP first) bought (NP *-2) (PP by (NP-LGS the institute))) , (VP (ADVP-TMP then) sold (NP *-2) (PP-CLR at (NP low prices)) (PP-DTV to (NP (NP `` unscrupulous businessmen '') (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP resold (NP them) (PP-DTV to (NP the institute)) (PP-CLR at (NP inflated prices))))))))))) , (NP-SBJ the statement) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-2 A black-draped cruise liner) (VP sailed (PP-DIR into (NP Naples)) (NP-TMP yesterday) (S-ADV (NP-SBJ *-2) (VP bringing (NP (NP 800 Libyans) (VP threatening (NP (NP vengeance) (SBAR-ADV if (S (NP-SBJ-1 Italy) (VP refuses (S (NP-SBJ *-1) (VP to (VP pay (NP (NP compensation) (PP for (NP (NP (QP more than 30) years) (PP of (NP colonial rule))))))))))))))))) .)) (TOP (S (NP-SBJ-2 (QP Another 250) Libyans) (VP were (ADVP already) (PP-LOC-PRD in (NP Italy)) (S-PRP (NP-SBJ *-2) (VP to (VP stage (NP (NP a day) (PP of (NP (NP mourning) (PP for (NP (NP victims) (PP of (NP (NP (NP Italy 's) colonial rule) (PP-TMP between (NP (NP 1911 and 1943) , (SBAR (WHADVP-1 when) (S (NP-SBJ Tripoli) (VP says (SBAR 0 (S (NP-SBJ Rome) (VP (VP kidnapped (NP 5,000 Libyans)) and (VP deported (NP them) (PP-CLR as (NP forced labor))) (ADVP-TMP *T*-1)))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Libya 's) revolutionary Committees) (VP have (VP threatened (NP (NP attacks) (PP on (NP Italians))) (SBAR-ADV if (S (NP-SBJ Rome) (VP does n't (VP pay (NP compensation))))))) .)) (TOP (S But (NP-SBJ (NP officials) (PP-LOC in (NP Rome))) (VP say (SBAR 0 (S (NP-SBJ-1 the issue) (VP was (VP (ADVP-MNR legally) resolved (NP *-1) (PP by (NP-LGS (NP a settlement) (PP between (NP (NP Italy) and (NP (NP King Idris) , (VP deposed (NP *) (PP by (NP-LGS Col. Muammar Gadhafi)) (PP-TMP in (NP 1969))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Canadian Indians) (VP are (VP taking (NP five countries) (PP-CLR to (NP court)) (PP in (NP a bid (S (NP-SBJ *) (VP to (VP stop (NP (NP low military flights) (PP-LOC over (NP their homes))))))))))) , (NP-SBJ the Dutch Defense Ministry) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Representatives) (PP of (NP (NP the Inuit and Cree peoples) (VP living (PP-LOC-CLR in (NP (NP Quebec and Labrador) (PP-LOC in (NP northeastern Canada)))))))) (VP told (NP the ministry) (PP-CLR of (NP the planned action)) (PP-LOC at (NP a meeting)))) , (NP-SBJ a ministry spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 They) (ADVP also) (VP wanted (S (NP-SBJ *-1) (VP to (VP prevent (NP (NP a NATO training base) (VP being (VP built (NP *) (PP-LOC in (NP the region)))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ The action) , (PP-LOC in (NP the Canadian Federal Court)) , (VP will (VP be (PP-PRD against (NP (NP Canada) , (NP the Netherlands) , (NP West Germany) , (NP Britain) and (NP the U.S.)))))) , (NP-SBJ the ministry spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 Japan) (VP suspended (NP (NP imports) (PP of (NP French mushrooms))) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP finding (S (NP-SBJ some) (ADJP-PRD contaminated (PP by (NP radiation))))))))) , (NP-SBJ (NP an official) (PP of (NP (NP the Ministry) (PP of (NP Health and Welfare))))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ Japan) (VP has (VP been (VP testing (NP (NP imported food) (PP from (NP Europe))) (PP-TMP since (NP (NP the April 1986 Chernobyl accident) (PP-LOC in (NP the Soviet Union)))))))) , (NP-SBJ the spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP Since (ADVP then)) , (NP-SBJ the ministry) (VP has (VP announced (NP (NP 50 bans) (PP on (NP (NP food imports) (PP from (NP (NP European countries) , (PP including (NP (NP Italy) , (NP Spain) , (NP Turkey) , (NP Greece) and (NP the Soviet Union)))))))))) .)) (TOP (S (NP-SBJ The Venice city council) (VP is (VP battling (NP (NP plans (S (NP-SBJ *) (VP to (VP tap (NP (NP huge gas fields) (PP-LOC off (NP the coast))))))) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP says (SBAR 0 (S (NP-SBJ *T*-1) (VP will (VP speed (PRT up) (NP (NP (NP the city 's) slow sinking) (PP-DIR into (NP its lagoon))))))))))))) .)) (TOP (S (NP-SBJ (NP AGIP) , (NP the state-owned energy giant) ,) (VP made (NP (NP the announcement) (PP about (NP the gas field))) (NP-TMP last month)) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Located (NP *-2) (ADVP-LOC (NP six miles) northeast (PP of (NP Venice))))) , (NP-SBJ-1 the field) (VP contains (NP (NP (NP (QP 875 billion) cubic feet) (PP of (NP methane gas))) - (NP (NP one-tenth) (PP of (NP (NP Italy 's) reserves))))) .)) (TOP (S (NP-SBJ Alarmed councilors) (VP say (SBAR 0 (S (NP-SBJ the project) (VP could (VP jeopardize (NP costly efforts (S (NP-SBJ *) (VP to (VP (VP stop (NP *RNR*-2)) , or (VP slow (PRT down) (NP *RNR*-2)) , (NP-2 (NP the subsidence) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (S (NP-SBJ Venice) (ADJP-PRD subject (PP to (NP (ADJP regular and destructive) flooding))))))))))))))))) .)) (TOP (S (NP-SBJ The council) (VP (VP (ADVP-MNR unanimously) opposed (NP (NP the idea) (PP of (NP (NP AGIP) (VP pumping (PRT out) (NP the methane gas)))))) and (VP (ADVP-MNR swiftly) appealed (PP-CLR (PP to (NP the company)) and (PP to (NP (NP Prime Minister Giulio Andreotti) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP has (ADVP-CLR yet) (S (NP-SBJ *-2) (VP to (VP reply))))))))))) .)) (TOP (S (NP-SBJ-1 AGIP) (VP (VP refused (S (NP-SBJ *-1) (VP to (VP reconsider)))) and (VP says (SBAR 0 (S (NP-SBJ-2 drilling) (VP is (ADJP-PRD due (S (NP-SBJ *-2) (VP to (VP start (NP-TMP-CLR early next year)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (ADJP-PRD unlikely (SBAR 0 (S (S-NOM-SBJ (NP-SBJ *) (VP extracting (NP the gas))) (VP will (VP cause (NP subsidence)))))))) , '' (VP says (S *T*-1)) (NP-SBJ a spokeswoman) .)) (TOP (S (S-TPC-2 (NP-SBJ-3 Thieves) (VP stole (NP a 12th century fresco) (PP-CLR from (NP (NP an abandoned church) (PP-LOC in (NP (NP Camerino) , (NP Italy) ,)))) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP removing (NP (NP the entire wall) (SBAR (WHPP-4 on (WHNP which)) (S (NP-SBJ-1 the work) (VP had (VP been (VP painted (NP *-1) (PP-LOC-CLR *T*-4)))))))))))) , (NP-SBJ police) (VP said (SBAR 0 (S *T*-2))) ... .)) (TOP (S (NP-SBJ (NP West Germany 's) BMW) (VP commissioned (S (NP-SBJ the Nuremberg post office) (VP to (VP test (NP a prototype battery-powered car))))) .)) (TOP (S (NP-SBJ-1 The vehicle) (VP (VP has (NP (NP a top speed) (PP of (NP (NP 65 miles) (NP-ADV an hour))))) and (VP requires (S (NP-SBJ *-1) (VP recharging (PP from (NP a standard wall socket)) (NP-TMP (QP every 100) miles))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Total Assets Protection Inc.) , (S-ADV (NP-SBJ *-1) (VP rebounding (PP-CLR from (NP its earlier loss)))) , (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP earnings) (PP from (NP operations)) (PP of (NP (QP about $ 200,000) *U*)) (PP for (NP the third quarter)))))))) , (NP-SBJ (NP J.C. Matlock) , (NP chairman) ,) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Net income) (VP includes (NP (NP an extraordinary gain) (PP of (NP (QP about $ 100,000) *U*)) (PP from (NP (NP the reversal) (PP of (NP (NP bad debt) and (NP interest income))))))) .)) (TOP (S (NP-SBJ Revenue) (VP was (NP-PRD (QP about $ 4.5 million) *U*)) .)) (TOP (S (PP-TMP In (NP the 1988 third quarter)) , (NP-SBJ the company) (VP posted (NP (NP a net loss) (PP of (NP (NP $ 876,706 *U*) , or (NP (NP 22 cents) (NP-ADV a share)) ,)) (PP on (NP (NP revenue) (PP of (NP (QP about $ 5.1 million) *U*)))))) .)) (TOP (S (NP-SBJ Total Assets) (VP plans and designs (NP (NP computer centers) , (NP computer security systems) and (NP computer backup systems))) .)) (TOP (S (PP Regarding (NP (NP your Oct. 4 page-one article) `` (NP-TTL Bad Blood) '' (PP on (NP the generic-drug battle)))) : (NP-SBJ The Epilepsy Institute) (VP is not (NP-PRD just a patient-advocacy organization)) .)) (TOP (S (NP-SBJ It) (VP is (ADVP primarily) (NP-PRD (NP a certified outpatient treatment facility) (VP providing (NP comprehensive services) (PP-DTV to (NP (NP (NP people) (PP with (NP epilepsy))) and (NP their families)))))) .)) (TOP (S (NP-SBJ-1 (NP The institute 's) advocacy efforts) (VP are (VP based (NP *-1) (PP-CLR on (NP (NP the needs) (PP of (NP (NP the population) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP serves and represents (NP *T*-2)))))))))) .)) (TOP (S (PP-TMP In (NP 1985)) , (NP-SBJ the Medical Tribune) (VP reported (SBAR that (S (NP-SBJ (NP a growing number) (PP of (NP critics))) (VP are (VP challenging (NP the FDA bioequivalence-therapeutic-equivalence equation)))))) .)) (TOP (S `` (S-TPC-4 (NP-SBJ They) (VP contend (SBAR 0 (S (NP-SBJ-1 it) (VP is (VP based (NP *-1) (PP-CLR on (NP (NP an assumption) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP has not (ADVP yet) (VP been (VP proven (NP *-2) (PP-LOC in (NP valid tests))))))))))))))) , '' (NP-SBJ the Tribune) (VP said (S *T*-4)) .)) (TOP (S (PP-TMP In (NP 1986)) , (NP-SBJ some institute patients) (VP were (VP reporting (NP breakthrough seizures) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 they) (VP were (VP (VP switched (NP *-1) (PP-CLR-3 from (NP a specific brand-name medication)) (PP-CLR-4 to (NP a generic one))) or (VP (PP-CLR=3 from (NP (NP one generic manufacturer) (PP of (NP a specific product)))) (PP-CLR=4 to (NP another))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 neurologists) (VP were (VP beginning (S (NP-SBJ *-1) (VP to (VP report (NP these observations) (ADVP as well)))))) .)) (TOP (S (NP-SBJ *) (VP Call (S (NP-SBJ it) (ADJP-PRD anecdotal)) (SBAR-ADV if (S (NP-SBJ you) (VP will (VP *?*))))) .)) (TOP (S But (NP-SBJ-2 no ethical physician) (VP would (VP switch (NP (NP patients) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP were (VP doing (ADVP-MNR well) (PP on (NP (NP a specific medication) (PP from (NP a specific manufacturer))))))))) (S-PRP (NP-SBJ *-2) (VP to (VP prove (NP a point)))))) .)) (TOP (S (NP-SBJ We) (VP do not (VP depend (PP-CLR on (NP pharmaceutical companies)) (PP for (NP our support)))) .)) (TOP (S (NP-SBJ The institute) (VP (VP has (NP (NP governmental service contracts) (PP for (NP (NP the provision) (PP of (NP direct patient services)))))) ; (VP collects (NP patient fees)) ; (VP receives (NP money) (PP-MNR through (NP (NP contributions) (PP from (NP individuals , foundations and bequests)))))) .)) (TOP (S (S (NP-SBJ-1 (NP The funds) (VP received (NP *) (PP-CLR from (NP pharmaceutical firms)))) (VP are (VP used (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP offset (NP physician symposiums))))))) , and (S (NP-SBJ these symposiums) (VP do not (VP stress (NP any particular medication or manufacturer)))) .)) (TOP (S (NP-SBJ (NP (NP The Epilepsy Institute 's) reporting) (PP of (NP breakthrough seizures))) (VP stemmed (PP-CLR from (NP (NP concerns) (PP about (NP (NP the people) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP (VP treat (NP *T*-1)) and (VP care (PP-CLR about (NP *T*-1))) (ADVP-TMP daily))))))))) .)) (TOP (S (NP-SBJ-1 This) (ADVP perhaps) (VP was (VP perceived (NP *-1) (PP-CLR as (UCP (NP a `` bold '' stance) , and thus (ADJP suspicious))))) .)) (TOP (S But (NP-SBJ *) (VP let (S (NP-SBJ us) not (VP confuse (NP (NP profits) (PP of (NP big business)) (VP masquerading (PP-CLR as (NP (NP concerns) (PP (PP for (NP (NP people 's) health care)) or (PP for (NP the cost)))))))))) .)) (TOP (SBARQ (WHPP-1 For (WHNP whom)) (SQ is (NP-SBJ the saving) (PP-PRD *T*-1)) ?)) (TOP (FRAG (ADVP Surely) not (PP to (NP (NP people) (PP with (NP epilepsy)) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP depend (PP-CLR on (NP (NP the same levels) (PP of (NP medication)) (PP-LOC in (NP their bloodstream)))) (ADVP-TMP daily) (S-PRP (NP-SBJ *-2) (VP to (VP maintain (NP seizure control))))))))) .)) (TOP (NP Reina Berner)) (TOP (NP Executive Director)) (TOP (NP Arnold M. Katz)) (TOP (S (NP-SBJ Parker Hannifin Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP its three automotive parts divisions) (PP-DTV to (NP a management-led investor group)) (PP-CLR for (NP (QP $ 80 million) *U*))))))))) .)) (TOP (S (NP-SBJ-1 The buy-out group) (VP (VP is (VP headed (NP *-1) (PP by (NP-LGS (NP Paul R. Lederer) , (NP (NP president) (PP of (NP (NP Parker 's) automotive group))))))) , and (VP includes (NP (NP several other executives) (PP of (NP the three divisions))))) .)) (TOP (S (NP-SBJ The units) (VP are (NP-PRD the Edelmann , Ideal and Plews divisions)) .)) (TOP (S (NP-SBJ (NP Net sales) (PP for (NP the units)) (PP for (NP (NP the fiscal year) (VP ended (NP-TMP June 30))))) (VP were (NP-PRD (QP $ 135.6 million) *U*)) .)) (TOP (S (NP-SBJ Parker officials) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP is (VP selling (NP the units) (S-PRP (NP-SBJ *-1) (VP to (VP focus (PP-CLR on (NP its other businesses)))))))))) .)) (TOP (S (NP-SBJ (NP A volcano) (NP *ICH*-1)) (VP will (VP erupt (NP-TMP next month) (PP-LOC on (NP the fabled Strip)) : (NP-1 (NP a 60-foot mountain) (VP spewing (NP smoke and flame) (NP-TMP every five minutes))))) .)) (TOP (S (NP-SBJ The man-made inferno) (VP will (VP tower (PP-LOC-CLR over (NP (NP a man-made lagoon) (PP with (NP (NP (QP more than four) acres) (PP of (NP pools , grottoes and waterfalls)))))))) .)) (TOP (S (NP-SBJ-2 Visitors) , (S-ADV (NP-SBJ *-2) (VP whisked (NP *) (PP-CLR from (NP the Strip)) (PP-LOC on (NP a moving walkway)))) , (VP will (VP glide (PP-DIR over (NP (NP a habitat) (PP for (NP (NP rare white tigers) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP star (PP-LOC-CLR in (NP (NP performances) (PP by (NP (NP the famed illusionist team) (PP of (NP Siegfried & Roy)))))))))))))))) .)) (TOP (S (ADVP Nearby) , (NP-SBJ six dolphins) (VP will (VP frolic (PP-LOC in (NP a (QP 1.5 million-gallon) saltwater aquarium)))) .)) (TOP (SINV (PP-LOC-CLR-TPC-1 At (NP (NP the core) (PP of (NP all this)))) (VP stands (PP-LOC-CLR *T*-1)) (NP-SBJ a hotel) .)) (TOP (S (PP-LOC In (NP (NP the lobby) (PP-LOC behind (NP its nine-story , orchid-strewn atrium)))) , (NP-SBJ a 20,000-gallon aquarium) (VP will (VP come (ADJP-PRD alive (PP with (NP (NP sharks) , (NP stingrays) , (NP angelfish) , (NP puffers) and (NP (NP other creatures) (PP of (NP the deep)))))))) .)) (TOP (FRAG And (INTJ oh) , (INTJ yes) .)) (TOP (S (NP-SBJ There) (VP 's (NP-PRD (NP a casino) , (NP (NP the financial heart) (PP of (NP (NP it) (NP all)))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP the Mirage) , (NP (NP a (ADJP (QP $ 630 million) *U*) island-fantasy hotel-casino) (VP (ADVP-TMP now) being (VP completed (NP *) (PP for (NP (NP opening) (PP-TMP in (NP November)) (PP by (NP Golden Nugget Inc))))))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP the (ADJP most stunning) example) (PP of (NP (NP Las Vegas 's) concerted effort (S (NP-SBJ *) (VP to (VP transform (NP itself) (PP-CLR into (NP (NP a world-famous vacation resort) (PP for (NP (NP families) (CONJP as well as) (NP gamblers)))))))))))) .)) (TOP (S (NP-SBJ Las Vegas) (VP has (VP seen (NP (NP nothing) (PP quite like (NP it))) (ADVP-TMP before))) .)) (TOP (SINV (PP-TMP Not for (NP 15 years)) has (NP-SBJ a big new hotel-casino) (VP opened (ADVP-LOC here)) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ (NP the Mirage) and (NP (NP Circus Circus Enterprises Inc. 's) (ADJP (QP $ 290 million) *U*) Excalibur)) (VP are (VP going (PRT up))) .)) (TOP (S (NP-SBJ-1 The Excalibur) , (PP with (NP (NP a castlelike hotel) , (NP jousting tournaments) and (NP other Arthurian attractions))) , (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP handle (NP (NP (QP up to 30,000) visitors) (NP-ADV a day)))))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ it) (VP opens (PP-TMP in (NP 1990)) (ADVP-TMP *T*-2)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ MGM Grand Inc.) (VP proceeds (PP-CLR with (NP (NP its plan) (PP for (NP (NP an amusement park) (PRN -- (NP (NP a (ADJP (QP $ 700 million) *U*) movieland resort) (PP with (NP a (NX (NX working studio) , (NX casino) and (NX 5,000-room hotel)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP become (NP-PRD (NP Las Vegas 's) biggest)))))) --)))))))) (NP-SBJ (NP the investment) (PP in (NP the three properties))) (VP will (VP total (NP (QP some $ 1.6 billion) *U*))) .)) (TOP (S (NP-SBJ-1 MGM Grand) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP a 117-acre site) (PP for (NP the resort))) (PP-CLR for (NP (NP (QP $ 93 million) *U*) (PP in (NP (NP cash) plus (NP (NP stock) (VP (ADVP-TMP currently) valued (NP *) (PP-CLR at (NP (QP nearly $ 30 million) *U*))))))))))))) .)) (TOP (S (NP-SBJ Smaller projects) (VP swell (NP the figure) (PP-DIR to (NP (QP at least $ 2.5 billion) *U*))) .)) (TOP (S (NP-SBJ (NP Still other projects) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP (VP have (VP been (VP (VP announced (NP *-2)) but (VP (ADVP not yet) started (NP *-2))))))))) (VP could (VP put (NP expenditures) (PP-PUT above (NP (NP (QP $ 3 billion) *U*) (PP-TMP over (NP the next few years)))))) .)) (TOP (S (NP-SBJ (NP Stephen A. Wynn) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP owns (NP (NP 29.4 %) (PP of (NP (NP Golden Nugget 's) shares)))))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP the Mirage) and (NP other projects)) (VP will (VP help (S (NP-SBJ Las Vegas) (VP attract (NP (NP a whole new generation) (PP of (NP visitors)))))))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV (SBAR If (S (NP-SBJ you) (VP create (NP a wonderment)))) , (SBAR if (S (NP-SBJ you) (VP create (NP (NP something) (ADJP (ADJP so exciting) (SBAR that (S (NP-SBJ-2 the public) (VP dreams (PP-CLR of (S-NOM (NP-SBJ *-2) (VP being (NP-PRD (NP part) (PP of (NP it))))))))))))))) , (ADVP then) (NP-SBJ they) (VP 'll (VP come))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP The projects) (PP already under (NP construction))) (VP will (VP increase (NP (NP (NP Las Vegas 's) supply) (PP of (NP hotel rooms))) (PP-EXT by (NP (NP 11,795) , or (NP (QP nearly 20) %) ,)) (PP-DIR to (NP 75,500)))) .)) (TOP (S (PP By (NP (NP a rule) (PP of (NP thumb)) (PP of (NP (NP 1.5 new jobs) (PP for (NP each new hotel room)))))) , (NP-SBJ Clark County) (VP will (VP have (NP (QP nearly 18,000) new jobs))) .)) (TOP (S (NP-SBJ The county) (PP-TMP at (NP (NP the end) (PP of (NP 1988)))) (VP had (NP (NP 307,000 jobs) , (NP (NP 95,400) (PP of (NP them)) (PP-LOC in (NP the tourist industry))))) .)) (TOP (S (NP-SBJ (NP Projects) (PP-LOC in (NP the talking or blueprint stage))) (VP would (VP add (NP a further 48,000 rooms))) .)) (TOP (S (NP-SBJ Hotel-casino operators) (VP play (PRT down) (NP (NP the possibility) (PP of (NP a labor shortage)))) .)) (TOP (S (PP After (NP all)) , (NP-SBJ (NP 40,000 newcomers) (NP-ADV a year)) (VP are (VP settling (PP-LOC-CLR in (NP the Las Vegas Valley)))) .)) (TOP (S But (NP-SBJ Nevada state labor economists) (VP think (SBAR 0 (S (NP-SBJ a shortage) (VP is (ADJP-PRD probable))))) .)) (TOP (S (NP-SBJ-1 Nobody) (ADVP yet) (VP seems (S (NP-SBJ *-1) (VP to (VP have (VP calculated (NP (NP (NP the total number) (PP of (NP (NP slot machines) , (NP crap tables) or (NP roulette wheels))) (SBAR (WHNP-2 0) (S (NP-SBJ Las Vegas) (VP will (VP add (NP *T*-2) (PP-CLR to (NP (NP the enormous store) (SBAR (WHNP-3 that) (S (NP-SBJ Lady Luck) (ADVP already) (VP guards (NP *T*-3) (ADVP-LOC here))))))))))) (PRN , (ADVP much less) (NP (NP the ultimate impact) (PP of (NP the growth)) (PP on (NP (NP schools) and (NP municipal services))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Traffic) (VP is (ADVP certainly) (NP-PRD a concern) , (SBAR-ADV as (SINV is (NP-SBJ (NP pollution) , (NP water) and (NP an adequate labor market)) (NP-PRD *?*))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Frank Sain) , (NP (NP executive director) (PP of (NP the Las Vegas Convention and Visitors Bureau)))) .)) (TOP (S (NP-SBJ-3 City fathers) (VP have (VP managed (S (NP-SBJ *-3) (VP to (VP push (PRT through) (NP (NP (NP projects) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD crucial (PP for (NP tourist growth))))))) , (PP such as (NP (NP the expansion) (PP of (NP McCarran International Airport)) (S-PRP (NP-SBJ *) (VP to (VP accommodate (NP (NP the 44 %) (PP of (NP Las Vegas tourists)) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP fly (ADVP-DIR here)))))))))))))))) .)) (TOP (S (NP-TMP This year) , (PP-MNR by (NP (NP (NP one means) (PP of (NP transport))) or (NP another))) , (NP-SBJ (QP more than 18 million) people) (VP will (VP visit (NP the city))) .)) (TOP (S (NP-SBJ The expansion) (VP will (VP set (PRT off) (NP (NP a marketing war) (PP among (NP the big hotel-casinos))))) .)) (TOP (S (NP-SBJ-4 Las Vegas) (VP (VP promises (S *RNR*-2)) (PRN , or (VP threatens (S *RNR*-2)) ,) (S-2 (NP-SBJ *-4) (VP to (VP become (NP-PRD (NP a giant carnival) , (PP with (NP (NP rooms) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP had (NP *-1) (PP-CLR for (NP (NP (NP $ 45 *U*) (NP-ADV a day)) or (NP less))) , (PP for (NP (NP visitors) (ADJP uninspired (PP solely by (NP gambling))))))))))))))))) .)) (TOP (S (PP-LOC Amid (NP (NP a riot) (PP of (NP (NP jousting knights) , (NP circus clowns) , (NP gold-leaf centurions) and (NP (NP creatures) (PP of (NP the wild))))))) , (NP-SBJ lesser competitors) (VP will (VP fall)) .)) (TOP (S (NP-SBJ-1 Caesars World Inc.) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP defend (NP its august reputation) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP (VP sinking (NP (QP $ 190 million) *U*) (PP-CLR into (NP (NP its opulent Caesars Palace) , (ADVP-LOC next door (PP to (NP the new Mirage)))))) , and (VP adding (NP (NP a (ADJP (QP $ 100 million) *U*) shopping area) (ADJP reminiscent (PP of (NP Rodeo Drive)))))))))))) .)) (TOP (S (NP-SBJ (NP The Palace) , (PP with (NP (NP its marble fountains and toga parties) (PP for (NP high rollers)))) ,) (VP is (ADVP-TMP already) (ADJP-PRD well-known (PP for (NP its Caesarean theme)))) .)) (TOP (S (NP-SBJ-1 (NP The Flamingo Hilton) , (NP Imperial Palace) , (NP Frontier) and (NP others)) (VP are (VP pouring (NP (NP millions) (PP of (NP dollars))) (PP-CLR into (NP (NP facelifts) , (NP new room towers) and (NP casino floor space))) (S-PRP (ADVP just) (NP-SBJ *-1) (VP to (VP keep (PRT up)))))) .)) (TOP (SBARQ (WHADVP-1 Where) (SQ 's (NP-SBJ (NP this huge amount) (PP of (NP investment capital))) (VP coming (PP-DIR from (ADVP *T*-1)))) ?)) (TOP (S (NP-SBJ-1 (NP Golden Nugget) , (NP (NP Drexel Burnham Lambert Inc. 's) first casino client) ,) (VP has (VP borrowed (PP-CLR on (NP (NP (QP more than $ 600 million) *U*) (ADJP worth (PP of (NP mortgage notes))) , (VP (ADVP mostly) sold (NP *) (PP-DTV to (NP private investors)) (PP by (NP-LGS Drexel))) ,)) (S-PRP (NP-SBJ *-1) (VP to (VP build (NP the Mirage)))))) .)) (TOP (S (NP-SBJ (NP Other casino owners) , (NP (NP Circus Circus) (PP among (NP them))) ,) (VP are (VP financing (NP their expansion) (PP-MNR with (NP (NP their own cash) and (NP (NP revolving credit lines) (PP from (NP (NP local lenders) (PP such as (NP (NP First Interstate Bank) (PP of (NP Nevada))))))))))) .)) (TOP (SQ Will (NP-SBJ the investments) (VP pay (PRT off)) ?)) (TOP (S (NP-SBJ (NP The growth) (PP of (NP Las Vegas tourism)) (PP-TMP in (NP recent years))) (VP persuades (NP lenders) (SBAR that (S (NP-SBJ they) (VP will (VP *?*))))) .)) (TOP (S (NP-SBJ (NP Casino revenues) and (NP hotel occupancy rates)) (VP are (ADJP-PRD high)) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ the tourists) (VP left (NP (NP (QP $ 3 billion) *U*) (ADVP *ICH*-1)) (PP-CLR with (NP (NP the area 's) casinos)) , (ADVP-1 (ADVP (NP (QP nearly 10) %) more) (PP than (PP-TMP in (NP 1987))))) .)) (TOP (S (NP-SBJ (NP The people) (PP with (NP (NP a stake) (PP in (NP (NP Nevada 's) gambling industry))))) (VP believe (SBAR that (S (NP-SBJ they) (VP have (ADVP barely) (VP tapped (NP the (ADJP potentially huge) family trade)))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ you) (VP build (NP a better mousetrap)))) , (NP-SBJ it) (VP will (VP catch (NP more mice)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Fred Benninger) , (NP (NP chairman) (PP of (NP MGM Grand)))) .)) (TOP (S (NP-SBJ-1 (NP Ellen Cokely) , (NP (NP a tourist) (PP from (NP (NP Alton) , (NP Ill.) ,)))) (VP seems (ADJP-PRD inclined (S (NP-SBJ *-1) (VP to (VP agree))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP 'd (VP love (NP it) (SBAR-ADV if (S (NP-SBJ my daughter) (VP had (NP (NP something) (ADJP else) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-2) (ADVP-LOC here)))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Ms. Cokely) , (VP watching (NP (NP seven-year-old Kristin) (PP-LOC on (NP (NP the water slide) (PP-LOC at (NP (NP the Strip 's) Wet 'n' Wild water park))))))) .)) (TOP (SINV `` (S-TPC-1 (ADVP-TMP (NP Two generations) ago) , (NP-SBJ Dad) (VP came (PP-DIR to (NP Las Vegas)) (PP-MNR by (NP himself)) (PP-PRP for (NP a little diversion)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Van Heffner) , (NP (NP executive vice president) (PP of (NP the Nevada Hotel and Motel Association)))) .)) (TOP (S `` (ADVP-TMP (NP One generation) ago) , (NP-SBJ Mom) (VP joined (NP Dad)) .)) (TOP (S (ADVP-TMP Now) , (PP-TMP in (NP the '90s)) , (NP-SBJ we) (VP 're (VP headed (PP-DIR toward (NP a total resort environment)))) . '')) (TOP (S (ADVP-TMP (NP Only a decade (QP or so)) ago) , (NP-SBJ casino managers) (VP balked (PP-CLR at (NP (NP in-room TV sets) and (NP (NP other fripperies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP distracted (PP-CLR from (NP gambling))))))))) .)) (TOP (S (S (NP-SBJ Casinos) (NP-TMP today) (VP offer (NP (NP bowling alleys) , (NP water parks) , (NP golf courses) , (NP tennis courts) , (NP lush swimming pools) and (NP other diversions)))) , and (S (NP-SBJ-1 more such facilities) (VP are (VP being (VP designed (NP *-1))))) .)) (TOP (S (PP Despite (NP (NP the new emphasis) (PP on (NP the family trade)))) , (ADVP however) , (NP-SBJ-1 (NP tourists) (PP in (NP (NP search) (PP of (NP (NP naughtier fun) (PP than (NP gambling))))))) (VP seem (ADJP-PRD certain (S (NP-SBJ *-1) (VP to (VP find (NP it))))) , (PP with (S-NOM (NP-SBJ Las Vegas call girls) (VP remaining (PP-LOC-CLR on (NP the scene)))))) .)) (TOP (S-1 (NP-SBJ A serious economic downturn) (PRN , (S (NP-SBJ pessimists) (VP observe (SBAR 0 (S *T*-1)))) ,) (VP could (VP hurt (NP the expansionists))) .)) (TOP (S (PP-TMP For (ADVP now)) , (ADVP however) , (NP-SBJ-1 (NP the naysayers ') voices) (VP are (VP drowned (NP *-1) (PP by (NP-LGS (NP (NP (NP the roar) (PP of (NP cement mixers))) and (NP (NP the clanging) (PP of (NP construction cranes)))) (PP-LOC along (NP the Strip)))))) .)) (TOP (S (S (NP-SBJ This) (VP is (NP-PRD (NP no place) (PP for (NP pedestrians))))) , but (S (PP-TMP at (NP 7:30)) (PP-TMP on (NP a recent morning)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ construction) (VP choked (NP (NP traffic) (PP-LOC at (NP the famous Four Corners intersection))) (PP to (NP one lane)) (ADVP-TMP *T*-1)))) , (NP-SBJ a taxi passenger) (VP found (S (NP-SBJ (NP it) (S *EXP*-2)) (ADJP-PRD faster) (S-2 (NP-SBJ *) (VP to (VP (VP abandon (NP the cab)) and (VP walk (PP-DIR to (NP her destination))))))))) .)) (TOP (S (NP-SBJ The ferocious competition) (ADVP probably) (VP will (VP drive (NP some (ADJP poorly managed) properties) (PP-DIR into (NP (NP bankruptcy) or (NP new ownership))))) .)) (TOP (S (NP-SBJ It) (VP has (VP happened (ADVP-TMP before))) .)) (TOP (S (NP-SBJ-2 (NP The Dunes) , (NP the Aladdin) and (NP the Riviera)) (VP were all (VP acquired (NP *-2) (PP by (NP-LGS the present owners)) (PP from (NP (NP bankruptcy proceedings) (VP spawned (NP *) (PP by (NP-LGS the last recession)) , (PP-TMP in (NP the early 1980s))))))) .)) (TOP (S (ADVP Yet) (NP-SBJ that) (VP has n't (VP discouraged (NP investors))) .)) (TOP (S (NP-SBJ Some) (VP have (VP bought (NP (NP big chunks) (PP of (NP Strip property))) (PP for (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP may (VP turn (PP-CLR into (NP (NP another wave) (PP of (NP building))))))))))) .)) (TOP (S (NP-SBJ-1 Atlantic City casino owner Donald Trump) (VP is (VP scouting (NP the Las Vegas market) (PP-MNR with (NP (NP an eye) (PP toward (S-NOM (NP-SBJ *-1) (VP building (NP an (ADJP appropriately spectacular) place)))))))) .)) (TOP (S (SBAR-TMP Even before (S (NP-SBJ the huge new projects) (VP began))) , (NP-SBJ (NP the Strip 's) recent expansion) (VP squeezed (NP smaller competitors)) .)) (TOP (S (NP-SBJ-1 (NP Many blue-collar customers) (PP of (NP (NP downtown 's) no-frills gambling spots))) (VP have (VP been (VP lured (NP *-1) (PP-DIR (PP to (NP the Strip)) or (PP to (NP (NP (NP Laughlin) , (NP Nev.) ,) (NP (NP a Colorado River town) (VP catering (PP-CLR to (NP (NP snowbirds) and (NP the recreational-vehicle crowd))))))))))) .)) (TOP (S (NP-SBJ (NP Hotel expansion) and (NP (NP an influx) (PP of (NP more-discriminating tourists)))) (VP have (VP hurt (NP motels))) .)) (TOP (S (PP-TMP Since (NP 1979)) , (NP-SBJ (NP the number) (PP of (NP motel rooms))) (VP has (VP fallen (PP-EXT by (NP 17,000)))) .)) (TOP (S (NP-SBJ Many people) (ADVP-LOC here) (VP expect (NP a room-rate war) (SBAR-ADV as (S (NP-SBJ the new projects) (VP open)))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ-3 There) (VP 's (ADVP probably) (VP going (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP some pressure) (PP on (NP (NP occupancy) and (NP room rates)))) (PP-TMP over (NP the next year)))))))) , but (S (PP-TMP after (NP that)) (NP-SBJ you) (VP should (VP see (S (NP-SBJ the market) (VP return (PP-CLR to (NP (NP 80%-plus occupancy) and (NP regular rates))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Paul Rubeli) , (NP (NP casino executive) (PP-LOC at (NP (NP Ramada Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP runs (NP the Tropicana)))))))) .)) (TOP (S (NP-SBJ Skeptics) (VP wonder (SBAR whether (S (NP-SBJ-1 (NP mega-resorts) (PP such as (NP the Mirage))) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP squeeze (NP a profit) (PP-CLR from (NP their cash flow))))))))))) .)) (TOP (S (NP-SBJ The Mirage) (VP will (VP cost (NP (NP (QP at least $ 1 million) *U*) (NP-ADV a day)) (S-PRP-CLR (NP-SBJ *) (VP to (VP operate))))) .)) (TOP (S (S (NP-SBJ Mr. Wynn) (VP seems (ADJP-PRD confident (SBAR that (S (NP-SBJ it) (VP will (VP produce (NP a healthy profit)))))))) , but (S (NP-SBJ some securities analysts) (VP doubt (NP it))) .)) (TOP (S (NP-SBJ Competitors and analysts) (VP say (SBAR that (S (PP among (NP large existing properties)) (NP-SBJ-1 (NP (NP Bally Manufacturing Corp. 's) Bally Grand hotel-casino)) (ADVP probably) (VP will (VP be (ADVP-MNR hardest) (VP hit (NP *-1) (PP among (NP major properties)))))))) .)) (TOP (S (NP-SBJ-1 Bally officials) (VP decline (S (NP-SBJ *-1) (VP to (VP discuss (NP the situation))))) .)) (TOP (S (NP-SBJ Bally) (VP bought (NP the former MGM Grand hotel-casino) (PP-CLR from (NP Kirk Kerkorian)) (ADVP-TMP (NP four years) ago)) .)) (TOP (SINV (ADVP-TMP Only now) is (NP-SBJ it) (VP undergoing (NP a (ADJP badly needed) facelift)) .)) (TOP (S (S (NP-SBJ Its parking lot) (VP is (ADJP-PRD inconvenient))) , (S (NP-SBJ the MGM lion's-head logo) (ADVP still) (VP appears (PP-LOC in (NP places)))) , and (S (NP-SBJ customers) (ADVP still) (VP call (S (NP-SBJ it) (NP-PRD (NP the Grand) , (PP rather than (NP the Bally Grand)))))) .)) (TOP (SINV (S-TPC-3 (S (NP-SBJ It) (VP has (NP a `` great location))) , but (S (NP-SBJ-1 they) (VP 're (VP going (S (NP-SBJ *-1) (VP to (VP have (NP some real problems) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP everyone) (PP-LOC around (NP them))) (VP opens (ADVP-TMP *T*-2))))))))))) , '' (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Daniel Lee) , (NP a Drexel analyst)) .)) (TOP (S (NP-SBJ (NP Older properties) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP still) (VP have (NP a 1950s image))))) (VP are (ADVP also) (ADJP-PRD vulnerable)) .)) (TOP (SINV (S-TPC-1 (NP-SBJ-2 (NP Any hotel-casino) (PP without (NP a strong identity))) (VP will (VP get (VP whacked (NP *-2) (PP by (NP-LGS the new competition)))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Glenn Schaeffer) , (NP (NP senior vice president) (PP of (NP Circus Circus)))) .)) (TOP (S `` (S-TPC-2 (SBAR-ADV If (S (NP-SBJ you) (VP do n't (VP know (SBAR (WHNP-1 what) (S (NP-SBJ you) (VP are (NP-PRD *T*-1)))))))) , (ADJP-SBJ bigger) (VP wo n't (VP make (S (NP-SBJ you) (ADJP-PRD better))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S `` But (NP-SBJ it) (VP 'll (ADVP sure) (VP make (S (NP-SBJ you) (ADJP-PRD poorer)))) . '')) (TOP (S (NP-SBJ (NP Circus Circus 's) flagship casino) (VP has (VP become (NP-PRD (NP the envy) (PP of (NP competitors))) (PP for (NP its ability (S (NP-SBJ *) (VP to (VP vacuum (NP cash) (PP-CLR from (NP (NP the pockets) (PP of (NP vacationing families))))))))))) .)) (TOP (S (NP-SBJ The Circus Circus) (VP lures (NP them) (PP-MNR with (NP (NP low room rates) , (NP inexpensive buffets) and (NP (NP entertainment) (PP for (NP children)) (PP at (NP no extra charge)))))) .)) (TOP (S (NP-SBJ (NP The company 's) Excalibur) (VP will (ADVP also) (VP appeal (PP-CLR to (NP families)) , (PP of (NP course)))) .)) (TOP (S-1 (NP-SBJ Its castle) (PRN , (S (NP-SBJ Mr. Schaeffer) (VP says (SBAR 0 (S *T*-1)))) ,) (VP will (VP be `` (NP-PRD (NP the (ADJP most compelling) piece) (PP of (NP folk architecture)) (VP (ADVP-TMP ever) built (NP *))))) . '')) (TOP (S (NP-SBJ Some casino owners) (VP have (VP resisted (NP the temptation (S (NP-SBJ *) (VP to (VP add (NP rooms))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ-2 they) (VP are (VP spending (S-PRP (NP-SBJ *-2) (VP to (VP reinforce (NP (NP the identity) (SBAR (WHNP-1 that) (S (NP-SBJ they) (VP believe (SBAR 0 (S (NP-SBJ *T*-1) (VP attracts (NP their customers))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ More rooms) (VP are n't (NP-PRD (NP the answer) (PP for (NP us))))) , '' (VP says (S *T*-1)) (NP-SBJ Caesars World chairman Henry Gluck) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP his company 's) hotel) (VP is (VP (VP building (NP a retail complex) (PP-MNR in (NP Beverly Hills style))) and (VP redoing (NP existing rooms)))))) , (NP-SBJ it) (VP has (VP decreased (NP (NP the number) (PP of (NP its rooms))))) .)) (TOP (S (NP-SBJ-1 Some) (VP have (VP been (VP combined (NP *-1) (PP-CLR into (NP (NP suites) (PP for (NP the high rollers))))))) .)) (TOP (S (NP-SBJ Caesars) (VP has (VP made (NP (NP a specialty) (PP of (S-NOM (NP-SBJ *) (VP catering (PP-CLR to (NP (NP high rollers) (PP-LOC from (ADVP abroad)) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP are (ADVP also) (VP being (VP (ADVP aggressively) courted (NP *-2) (PP by (NP-LGS (NP the Mirage) , (NP the Las Vegas Hilton) and (NP others)))))))))))))))) .)) (TOP (S (NP-SBJ Other , smaller concerns) (VP are (ADVP also) (VP pursuing (NP (NP market niches) (PRN -- (NP (NP Hawaiian tourists) , (PP for (NP example)) , or (NP the local trade)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP 's (ADVP still) (NP-PRD (NP room) (PP for (NP boutique properties))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP James Barrett) , (NP (NP president) (PP of (NP MarCor Resorts Inc)))) .)) (TOP (S (PP-LOC Off (NP the Strip)) , (NP-SBJ MarCor) (VP is (VP building (NP (NP the Rio) , (NP (NP a hotel-casino) (PP with (NP (NP a Brazilian theme) and (NP (NP (QP only 430) rooms) (PRN -- (S-ADV (NP-SBJ (NP all) (PP of (NP them))) (NP-PRD suites)))))))))) .)) (TOP (S (PP Despite (NP (NP the proliferation) (PP of (NP tourist distractions)))) , (NP-SBJ Las Vegans) (VP have n't (VP forgot (SBAR that (S (NP-SBJ gambling) (VP is (ADVP still) (SBAR-PRD (WHNP-1 what) (S (NP-SBJ the town) (VP is (PP-PRD all about (NP *T*-1)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The days) (SBAR (WHADVP-2 when when) (S (NP-SBJ (NP the thrust) (PP of (NP casinos))) (VP was (NP-PRD all high rollers) , (PP with (NP (NP no windows and clocks) and (NP (NP lots) (PP of (NP (ADJP red and black) decor))))) , (ADVP-TMP *T*-2))))) (VP are (VP gone))) , '' (NP-SBJ (NP Mr. Sain) (PP of (NP (NP the visitors ') bureau))) (VP says (S *T*-1)) .)) (TOP (S `` But (NP-SBJ (NP 93 %) (PP of (NP tourists))) (ADVP still) (VP come (PP-CLR for (NP gambling))) .)) (TOP (S (NP-SBJ We) (VP ca n't (VP lose (NP (NP sight) (PP of (NP that))))) .)) (TOP (S (NP-SBJ NORTH SIDE SAVINGS BANK directors) (VP declared (NP (NP an initial dividend) (PP of (NP (NP 10 cents) (NP-ADV a share))) , (ADJP payable (NP-TMP Dec. 5) (PP to (NP (NP stock) (PP of (NP record)) (NP-TMP Nov. 21)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The (NAC-LOC Floral Park , N.Y. ,) thrift) (VP has (NP a strong capital-to-assets ratio))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ Vice President Michael D.N. Confer) .)) (TOP (S (PP-TMP At (NP Sept. 30)) , (NP-SBJ (NP the thrift) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP converted (PP-CLR to (NP (NP a stock form) (PP of (NP ownership)))) (PP-CLR from (NP a mutual form)) (PP-TMP in (NP April 1986))))) ,) (VP had (NP (NP (QP more than four million) shares) (ADJP outstanding))) .)) (TOP (NP (NP ARTICLE I) , (NP SECTION 7) , (NP CLAUSE 2) :)) (TOP (S (NP-SBJ-1 (NP Every Bill) (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP shall (VP have (VP passed (NP (NP (NP the House) (PP of (NP Representatives))) and (NP the Senate)))))))) , (VP shall , (SBAR-TMP before (S (NP-SBJ it) (VP becomes (NP-PRD a Law)))) , (VP be (VP presented (NP *-1) (PP-CLR to (NP (NP the President) (PP of (NP the United States))))))) ; (S (S (SBAR-ADV If (S (NP-SBJ he) (VP approve))) (NP-SBJ he) (VP shall (VP sign (NP it)))) , but (S (FRAG-ADV if not) (NP-SBJ he) (VP shall (VP return (NP it) , (PP with (NP his Objections)) (PP-CLR to (NP (NP that House) (SBAR (WHPP-4 in (WHNP which)) (S (NP-SBJ it) (VP shall (VP have (VP originated (PP-LOC *T*-4)))))) , (SBAR (WHNP-3 who) (S (NP-SBJ-5 *T*-3) (VP shall (VP (VP enter (NP the Objections) (PP at (ADJP large)) (PP-LOC on (NP their Journal))) , and (VP proceed (S (NP-SBJ *-5) (VP to (VP reconsider (NP it))))))))))))))) .)) (TOP (S (S (SBAR-ADV If (S (PP-TMP after (NP such Reconsideration)) (NP-SBJ-3 (NP two thirds) (PP of (NP that House))) (VP shall (VP agree (S (NP-SBJ *-3) (VP to (VP pass (NP the Bill)))))))) , (NP-SBJ-1 it) (VP shall (VP be (VP sent (NP *-1) , (ADVP together (PP with (NP the Objections))) , (PP-DIR to (NP (NP the other House) , (SBAR (WHPP-4 by (WHNP which)) (S (NP-SBJ-2 it) (VP shall (ADVP likewise) (VP be (VP reconsidered (NP *-2) (PP *T*-4)))))))))))) , and (S (SBAR-ADV if (S (NP-SBJ-6 *-5) (VP approved (NP *-6) (PP by (NP-LGS (NP two thirds) (PP of (NP that House))))))) , (NP-SBJ-5 it) (VP shall (VP become (NP-PRD a Law)))) ... .)) (TOP (NP (NP ARTICLE I) , (NP SECTION 7) , (NP CLAUSE 3) :)) (TOP (S (NP-SBJ-1 (NP Every Order , Resolution , or Vote) (SBAR (WHPP-5 to (WHNP which)) (S (NP-SBJ (NP the Concurrence) (PP of (NP the (NX (NX Senate) and (NX (NX House) (PP of (NP Representatives))))))) (VP may (VP be (ADJP-PRD necessary (PP *T*-5)) (PRN -LRB- (PP except (PP on (NP (NP a question) (PP of (NP Adjournment))))) -RRB-)))))) (VP (VP shall (VP be (VP presented (NP *-1) (PP-CLR to (NP (NP the President) (PP of (NP the United States))))))) ; and (VP (SBAR-TMP before (S (NP-SBJ the Same) (VP shall (VP take (NP-CLR Effect))))) , (VP shall (VP be (VP approved (NP *-1) (PP by (NP-LGS him))))) , or (VP (S-ADV (NP-SBJ-2 *-1) (VP being (VP disapproved (NP *-2) (PP by (NP-LGS him))))) , shall (VP be (VP repassed (NP *-1) (PP by (NP-LGS (NP two thirds) (PP of (NP the (NX (NX Senate) and (NX (NX House) (PP of (NP Representatives)))))))) , (PP according (PP to (NP (NP the Rules and Limitations) (VP prescribed (NP *) (PP in (NP (NP the Case) (PP of (NP a Bill))))))))))))) .)) (TOP (S (NP-SBJ President Bush) (VP told (NP reporters) (ADVP-TMP (NP a few months) ago) (SBAR that (S (NP-SBJ-1 he) (VP was (VP looking (PP-CLR for (NP the right test case)) (S-PRP (NP-SBJ *-1) (VP to (VP see (SBAR whether (S (NP-SBJ he) (ADVP-TMP already) (VP has (NP the line-item veto)))))))))))) .)) (TOP (S (NP-SBJ (NP Vice President Quayle) and (NP Budget Director Darman)) (VP said (ADVP-TMP recently) (SBAR 0 (S (NP-SBJ they) (VP 've (VP joined (NP the search)))))) .)) (TOP (S (PP-TMP On (NP Tuesday)) , (NP-SBJ the subject) (VP came (PRT up) (ADVP again) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Marlin Fitzwater) (VP explained (NP (NP the constitutional argument) (VP based (NP *) (PP-CLR on (NP (NP the provisions) (ADVP-LOC above))))) (PP-CLR to (NP the White House press corps)) (ADVP-TMP *T*-1))))) .)) (TOP (S (S (NP-SBJ President Bush) (VP does n't (VP have (NP any provision) (PP-LOC in (NP mind))))) , but (S (NP-SBJ line-item-veto bait) (VP will (VP be (PP-PRD like (NP (NP earthworms) (PP-TMP at (NP midnight)))) (PP-LOC in (NP the coming Continuing Resolution))))) .)) (TOP (S (NP-SBJ The harder question) (VP is (SBAR-PRD whether (S (NP-SBJ anyone) (ADVP-TMP yet) (VP understands (SBAR that (S (NP-SBJ (NP (NP Mr. Bush 's) fight) (PP for (NP his constitutional prerogatives))) (VP is (PP-PRD about (NP politics)) (ADVP (ADVP as much) (SBAR as (S (NP-SBJ it) (VP is (PP-PRD about (NP law))))))))))))) .)) (TOP (S (NP-SBJ-1 We) (VP have (VP been (VP persuaded (NP *-1) (PP by (NP-LGS (NP the constitutional argument) (PP for (NP the inherent line-item veto)))) (PP-TMP since (NP (NP 1987) , (SBAR (WHADVP-2 when) (S (NP-SBJ lawyer Stephen Glazier) (ADVP-TMP first) (VP made (NP the case) (PP-LOC on (NP this page)) (ADVP *T*-2))))))))) .)) (TOP (S (NP-SBJ-1 The 1974 budget `` reform) , '' (S-ADV (NP-SBJ *-1) (VP passed (PP-MNR over (NP (NP President Nixon 's) veto)))) , (VP took (PRT away) (NP the presidential impoundment power) , (S-ADV (NP-SBJ *) (ADVP thereby) (VP (VP introducing (NP monstrous CRs)) and (VP eviscerating (NP the presidential veto))))) .)) (TOP (S (NP-SBJ Mr. Glazier) (VP discovered (SBAR that (S (NP-SBJ the Founders) (VP had (VP worried (SBAR that (S (NP-SBJ Congress) (VP might (VP take (NP the President) (PP-CLR out (PP of (NP the loop)))))))))))) .)) (TOP (S (NP-SBJ (NP Article I) , (NP Section 7) , (NP Clause 3)) (VP says (SBAR that (S (SBAR-ADV whether (S (NP-SBJ-1 it) (VP 's (VP called (S (NP-SBJ *-1) (NP-PRD (NP an `` order , resolution or vote '') or (NP anything else))))))) , (NP-SBJ Presidents) (VP must (VP have (NP the chance (S (NP-SBJ *) (VP to (VP veto))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Labeling (S (NP-SBJ an omnibus budget) (NP-PRD a `` bill '')))) (VP ca n't (VP deprive (NP the President) (PP-CLR of (NP his power (S (NP-SBJ *) (VP to (VP veto (NP items)))))))) .)) (TOP (S (S (S-NOM-SBJ (NP-SBJ *) (VP Finding (NP a test case))) (VP should n't (VP be (ADJP-PRD hard)))) , but (S (NP-SBJ there) (VP is (NP-PRD (NP something) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP said (NP *-1) (PP for (S-NOM (NP-SBJ *) (VP picking (NP (NP the best one) (ADJP possible))))))))))))) .)) (TOP (S (S (NP-SBJ The White House) (VP had (NP the perfect case))) , but (S (NP-SBJ Congress) (VP blinked (SBAR-TMP before (S (NP-SBJ it) (VP could (VP go (PP-DIR to (NP court)))))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ the HUD and S&L stories) (VP broke))) , (NP-SBJ-1 some Congressmen) (VP began (S (NP-SBJ *-1) (VP to (VP worry (SBAR that (S (NP-SBJ (NP their influence peddling) (PP-LOC at (NP (ADJP executive-branch and independent) agencies))) (VP might (NP-TMP some day) (VP get (S (NP-SBJ them) (PP-PRD in (NP trouble))))))))))) .)) (TOP (S (NP-SBJ They) (VP worried (PP-CLR about (NP an Interior Department directive (S (NP-SBJ *) (VP to (VP log (NP (NP all communications) (PP with (NP (NP Members) or (NP their staffs)))))))))) .)) (TOP (S (S (NP-SBJ Congress) (VP inserted (NP the following) (PP-LOC-CLR into (NP the Interior appropriation)))) : `` (S (NP-SBJ-1 (NP None) (PP of (NP (NP the funds) (ADJP available (PP under (NP this title)))))) (VP may (VP be (VP used (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP prepare (NP (NP reports) (PP on (NP (NP contacts) (PP between (NP (NP (NP employees) (PP of (NP (NP the Dept.) (PP of (NP the Interior))))) and (NP (NP (NP Members and committees) (PP of (NP Congress))) and (NP their staff)))))))))))))) . '')) (TOP (S (NP-SBJ The White House) (VP warned (SBAR that (S (NP-SBJ this) (VP would (VP be (NP-PRD (NP an unconstitutional usurpation) (PP of (NP its power)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ-2 it) (VP threatened (S (NP-SBJ *-2) (VP to (VP use (NP this provision) (PP-CLR as (NP (NP the test) (PP for (NP a line-item veto)))) (ADVP-TMP *T*-1))))))) , (NP-SBJ Congress) (VP caved) .)) (TOP (S (NP-SBJ (NP The fear) (SBAR (WHNP-1 0) (S (NP-SBJ Congress) (VP has (NP *T*-1)))) (PP of (NP any line-item-veto test))) (VP led (S (NP-SBJ Members) (VP to (VP add (NP (NP (NP the (ADJP single most contorted and ridiculous) provision) (NP-TMP this year)) , `` (S-NOM (NP-SBJ This section) (VP shall (VP be (ADJP-PRD effective) (PP-TMP only on (NP Oct. 1 , 1989)))))))))) . '')) (TOP (S (NP-SBJ This) (VP means (SBAR 0 (S (NP-SBJ-1 Interior contacts) (VP can not (VP be (VP logged (NP *-1) (PP-TMP only on (NP (NP one day) -- (NP (NP a Sunday) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP had (ADVP already) (VP passed))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the White House) (VP is (VP looking (PP-CLR for (NP another unconstitutional bill)))))) , (NP-SBJ-1 Rep. John Dingell) (VP is (VP trying (ADVP again) (S (NP-SBJ *-1) (VP to (VP raise (NP the Fairness Doctrine) (PP-CLR from (NP the dead))))))) .)) (TOP (S (NP-SBJ President Reagan) (VP vetoed (NP this) (PP-CLR as (NP a First Amendment violation))) .)) (TOP (S (NP-SBJ (NP The `` Fairness '' Doctrine 's) enthusiasts) (VP are (NP-PRD (NP incumbents) (PP-LOC in (NP the House)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP know (SBAR 0 (S (NP-SBJ the rules) (VP squelch (NP (NP lively discussions) (PP on (NP broadcasts))) , (S-ADV (NP-SBJ *) (VP deterring (NP feisty challengers))))))))))) .)) (TOP (S (NP-SBJ There) (VP are (ADVP also) (NP-PRD (NP (NP other provisions) (VP requiring (S (NP-SBJ Congressmen) (VP to (VP join (NP treaty-negotiating teams)))))) and (NP (NP new restrictions) (PP on (NP OMB))))) .)) (TOP (S (S (NP-SBJ Unconstitutional bills) (VP make (NP good legal targets))) , but (S (NP-SBJ-1 the line-item veto) (VP is (VP (ADVP (ADVP better) (PP *ICH*-2)) understood (NP *-1) (PP-CLR as (NP a political opportunity)) (PP-2 than (PP as (NP (NP mere fodder) (PP for (NP lawyers)))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Commenting (PP-CLR on (NP the budget mess)) (NP-TMP this week))) , (NP-SBJ-1 President Bush) (VP said : `` (S (NP-SBJ (NP The perception) (PP-LOC out (NP there))) (VP is (SBAR-PRD that (S (NP-SBJ it) (VP 's (NP-PRD (NP the fault) (PP of (NP Congress))))))))) .)) (TOP (S And (NP-SBJ you) (VP can (VP (VP look (PP-CLR to (NP the leadership))) and (VP ask (NP them) (SBAR (WHADVP-1 why) (S (NP-SBJ that) (VP is (NP-PRD (NP the perception) (PP of (NP the American people))) (ADVP-PRP *T*-1))))))) . '')) (TOP (ADJP Exactly right .)) (TOP (S (NP-SBJ Now) (VP 's (NP-PRD (NP the time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP make (NP (NP the political case) (SBAR that (S (NP-SBJ-2 Presidents) (VP need (NP the line-item weapon) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP restore (NP discipline) (PP-CLR to (NP the budget))))))))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ Congress) (VP is (PP-LOC-PRD in (NP (NP no position) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP naysay (NP Mr. Bush) (ADVP-LOC *T*-2))))))) (ADVP-TMP now (SBAR that (S (NP-SBJ we) (VP 're (PP-PRD into (NP (NP Gramm-Rudman 's) sequestration))))))) .)) (TOP (S (NP-TMP Just this week) , (NP-SBJ (NP the House-Senate conference) (NP *ICH*-4)) (VP met -- (NP-4 (NP 231 conferees) , (VP divided (NP *) (PP-CLR into (NP 26 different subconferences))))) .)) (TOP (S (NP-SBJ-1 Senator Daniel Inouye) (VP agreed (S (NP-SBJ *-1) (VP to (VP close (NP (NP some bases) (PP-LOC in (NP Hawaii))) (PP in (NP (NP exchange) (PP for (NP (NP such goodies) (PP as (NP (NP (QP $ 11 million) *U*) (PP for (NP (NP a parking lot) (PP-LOC at (NP Walter Reed Hospital)))))))))))))) .)) (TOP (S (NP-SBJ Conference negotiator Rep. Bill Hefner) (VP (VP pulled (PRT down) (NP (NP (QP $ 40 million) *U*) (PP in (NP (NP military bases) (PP for (NP North Carolina)))))) and (VP (ADVP-MNR graciously) allowed (NP Senator James Sasser) (NP (NP (QP $ 70 million) *U*) (PP for (NP (NP bases) (PP-LOC in (NP Tennessee))))))) .)) (TOP (S (NP-SBJ-1 President Bush) (VP should (VP (VP (VP take (NP-2 the Constitution) (PP-CLR-3 in (NP one hand))) and (VP (NP=2 a budget ax) (PP-CLR=3 in (NP the other)))) and (VP get (S (NP-SBJ *-1) (VP to (VP work)))))) .)) (TOP (S (NP-SBJ He) (VP should (VP chop (PRT out) (NP both (NP unconstitutional provisions) and (NP budget pork)))) .)) (TOP (S (S (NP-SBJ Congress) (VP may (VP have (VP lost (NP (NP any sense) (PP of (NP discipline))))))) , but (S (NP-SBJ that) (VP does n't (VP mean (SBAR 0 (S (NP-SBJ-1 the country) (VP must (VP learn (S (NP-SBJ *-1) (VP to (VP live (ADVP-TMP forever) (PP-MNR with (NP this mess)))))))))))) .)) (TOP (S (NP-SBJ-1 President Bush) (VP has (NP the power (S (NP-SBJ *-1) (VP to (VP change (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ Washington) (VP works (ADVP-MNR *T*-2)))))))) , (SBAR-ADV if only (S (NP-SBJ he) (VP will (VP use (NP it)))))) .)) (TOP (S (NP-SBJ-1 Troubled SCI Television Inc.) (VP proposed (S (NP-SBJ *-1) (VP to (VP restructure (NP (NP much) (PP of (NP (NP its (QP $ 1.3 billion) *U*) (PP in (NP debt))))) (S-PRP (NP-SBJ *) (VP to (VP buy (NP (NP time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP (VP sell (NP assets)) and (VP pay (NP its obligations)) (ADVP-PRP *T*-2))))))))))))) .)) (TOP (S (NP-SBJ (NP The leveraged buy-out firm) (PP of (NP (NP Kohlberg Kravis Roberts & Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP 46 %) (PP of (NP (NP the common equity) (PP of (NP SCI TV)))))))) ,))) (VP indicated (PP-LOC in (NP the debt plan)) (SBAR that (S (NP-SBJ it) (VP would (VP reduce (NP its equity stake) (PP-CLR to (NP 15 %)) , (S-ADV (NP-SBJ *) (VP giving (NP (NP the rest) (PP of (NP its stake))) (PP-DTV to (NP (NP bondholders) (PP in (NP the restructuring))))))))))) .)) (TOP (S (NP-SBJ KKR) (ADVP also) (VP signaled (PP-DTV to (NP (NP the company 's) creditors)) (SBAR that (S (NP-SBJ (NP Henry Kravis) and (NP (NP other KKR directors) (PP of (NP SCI TV)))) (VP would (VP (VP resign (PP-CLR from (NP the board)) (SBAR-TMP once (S (NP-SBJ-1 the restructuring) (VP is (VP completed (NP *-1)))))) and (VP forgo (NP their voting rights))))))) .)) (TOP (S (NP-SBJ-1 (NP Holders) (PP of (NP (NP (NP SCI TV 's) (QP $ 507 million) *U*) (PP of (NP high-yield junk bonds))))) (VP are (VP being (VP asked (S (NP-SBJ *-1) (VP to (VP forgive (NP (NP a lot) (PP of (NP debt))) (PP in (NP (NP exchange) (PP for (S-NOM (NP-SBJ *) (VP taking (NP (NP a (ADJP 39 %) equity stake) (PP in (NP SCI TV)))))))))))))) .)) (TOP (S (NP-SBJ They) (VP (VP (ADVP-TMP immediately) termed (S (NP-SBJ the proposal) (ADJP-PRD inadequate))) and (VP said (SBAR 0 (S (NP-SBJ the restructuring) (VP would not (VP solve (NP (NP the company 's) problems))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the current plan) (VP is (ADJP-PRD sufficiently flawed (PP in (NP (NP a sufficient number) (PP of (NP (NP bondholders ') eyes)))) (SBAR that (S (NP-SBJ-1 substantial revisions) (VP will (VP be (VP required (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP get (S (NP-SBJ it) (VP done)))))))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP analyst Craig Davis) (PP of (NP (NP R.D. Smith & Co.) (ADVP-LOC here)))) .)) (TOP (S (NP-SBJ Investors) (VP interpreted (NP the KKR move) (PP-CLR as (NP (NP a desire (S *ICH*-1)) (PP by (NP the firm)) (S-1 (NP-SBJ *) (VP to (VP wash (NP its hands) (PP-CLR of (NP SCI TV)))))))) .)) (TOP (S But (NP-SBJ (NP a spokesman) (PP for (NP KKR))) (VP says (SBAR that (S (PP with (NP only a (ADJP 15 %) equity stake)) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP would n't (VP be (ADJP-PRD appropriate) (SBAR-1 for (S (NP-SBJ KKR) (VP to (VP keep (NP board representation)))))))))) .)) (TOP (S (S (NP-SBJ KKR) (ADVP already) (VP has (VP made (NP (NP (QP about $ 1 billion) *U*) (PP of (NP (NP gains) (PP from (NP (NP earlier transactions) (PP with (NP SCI TV)))))))))) , (S (ADVP thus) (NP-SBJ it) (VP is n't (ADJP-PRD significantly affected (PP by (NP (NP the company 's) troubles))))) .)) (TOP (S (NP-SBJ (NP SCI TV) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP controlled (NP *-1) (PP by (NP-LGS (NAC-LOC Nashville , Tenn. ,) entrepreneur George Gillett)))))) ,) (VP owns (NP (NP six TV stations) , (PP including (NP several CBS Inc. affiliates)))) .)) (TOP (S (NP-SBJ It) (VP is (VP having (NP (NP trouble) (S-NOM (NP-SBJ *) (VP meeting (NP its debt payments)))) (PP-PRP because of (NP (NP heavy borrowing) (PP-TMP in (NP 1987)) (PP for (NP a leveraged buy-out)))))) .)) (TOP (S (PP Through (NP investment banker Drexel Burnham Lambert Inc.)) , (NP-SBJ-1 SCI TV) (VP is (VP offering (S (NP-SBJ *-1) (VP to (VP exchange (NP (NP three classes) (PP of (NP junk bonds))) (PP-CLR for (NP (NP packages) (PP of (NP new bonds and equity)) (SBAR (WHNP-2 that) (S (NP-SBJ investors) (VP value (NP *T*-2) (PP-CLR at (NP (NP ranges) (PP (PP from (NP 20 cents)) (PP to (NP (NP 70 cents) (PP on (NP the dollar))))))))))))))))) .)) (TOP (S (NP-SBJ KKR) (VP would (VP give (PRT up) (NP a (ADJP 31 %) equity stake) (PP-CLR to (NP bondholders)) , (SBAR-ADV while (S (NP-SBJ Mr. Gillett) (VP would (VP surrender (NP an (ADJP 8 %) stake))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ one big SCI TV investor) (VP thinks (SBAR 0 (S (NP-SBJ that) (VP 's (ADJP-PRD pretty generous))))))) , (NP-SBJ many junkholders) (VP had (VP been (VP hoping (SBAR that (S (NP-SBJ (NP KKR) and (NP Mr. Gillett)) (VP would (VP invest (NP new money) (PP-CLR in (NP SCI TV))))))))) .)) (TOP (S (NP-SBJ Those investors) (VP think (SBAR 0 (S (NP-SBJ-1 SCI TV) (VP needs (NP new equity) (S-PRP (NP-SBJ *-1) (VP to (VP survive))))))) .)) (TOP (S (NP-SBJ (NP SCI TV 's) debt restructuring plan) (VP would (VP defer (NP (NP payment) (PP of (NP (NP (QP $ 153 million) *U*) (PP of (NP bank debt))))))) .)) (TOP (S (S (NP-SBJ It) (ADVP also) (VP would (VP defer (NP (NP interest and principal) (PP on (NP (NP junk bonds) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP have (VP fallen (S-CLR (NP-SBJ *-2) (ADJP-PRD due)))))))))))) ; (S (NP-SBJ (NP the grace period) (PP for (S-NOM (NP-SBJ *) (VP paying (NP the bill))))) (VP expires (NP-TMP-CLR Nov. 16))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ investors) (VP estimate (SBAR 0 (S (NP-SBJ the restructuring) (VP would (VP cut (NP (NP the company 's) annual cash interest bill) (PP-DIR from (NP (QP about $ 90 million) *U*)) (PP-DIR to (NP (QP $ 85 million) *U*))))))) .)) (TOP (S (ADVP Yet) (S-PRP-TPC-1 (NP-SBJ *) (VP to (VP pay (NP that interest bill)))) , (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ SCI TV) (VP will (ADVP only) (VP produce (NP (NP (QP about $ 80 million to $ 90 million) *U*) (PP of (NP cash flow)) (NP-ADV a year)) (S-PRP *T*-1)))))) .)) (TOP (S-HLN (NP-SBJ Office Market) (VP Weakens (PP-LOC In (NP Overbuilt Northeast))))) (TOP (S (NP-SBJ THE NORTHEAST office market) (VP is (VP feeling (NP (NP serious aftereffects) (PP of (NP (NP the giddy overbuilding) (PP of (NP the 1980s))))))) .)) (TOP (S (NP-SBJ-1 (NP Foreclosures) and (NP (NP other signs) (PP of (NP financial distress)))) , (S-ADV (NP-SBJ-2 *-1) (ADVP-TMP most often) (VP associated (NP *-2) (PP-CLR with (NP (NP the real estate market) (PP-LOC in (NP the Southwest)))))) , (VP are (VP surfacing (PP-LOC in (NP (NP the suburban office market) (PP of (NP the (ADJP once thriving) Northeast)))))) .)) (TOP (S (NP-SBJ (NP Some projects) (PP *ICH*-1)) (VP are (ADVP-TMP now) (PP-PRD in (NP (NP the hands) (PP of (NP lenders)))) , (PP-1 including (NP (NP a 425,000-square-foot office facility) (PP-LOC in (NP (NP Little Falls) , (NP N.J)))))) .)) (TOP (S (NP-SBJ (NP The owners) (PP of (NP (NP a 32-acre hotel and office complex) (PP-LOC in (NP (NP (NP King) (PP of (NP Prussia))) , (NP Pa.) ,))))) (VP have (VP advertised (PP-CLR for (NP new financing)))) .)) (TOP (S (NP-SBJ (NP Rising office vacancy rates) (PP-LOC in (NP (NP Fairfield County) , (NP Conn.) ,))) (VP have (S (NP-SBJ-1 builders and bankers) (VP scrambling (S-PRP-CLR (NP-SBJ *-1) (VP to (VP restructure (NP loans))))))) .)) (TOP (S And (PP-LOC in (NP suburban Boston)) , (NP-SBJ developers) (VP are (VP bracing (PP-CLR for (NP (NP cutbacks) (PP-LOC in (NP (NP the computer industry) , (NP (NP a major user) (PP of (NP office space))))))))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ-2 Many troubled properties) (VP (VP have n't (VP been (VP foreclosed (PP-CLR on (NP *-2))))) and (VP are (ADJP-PRD hard (SBAR (WHNP-4 0) (S (NP-SBJ *) (VP to (VP identify (NP *T*-4))))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Albert I. Berger) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP heads (NP (NP the (NAC-LOC Secaucus , N.J. ,) office) (PP of (NP (NP Helmsley-Spear Inc.) , (NP a real estate brokerage)))))))) .)) (TOP (S (NP-SBJ Owners) (VP are (ADVP-MNR (ADVP voluntarily) (PRN -- and (ADVP quietly) --)) (VP turning (PRT over) (NP properties) (PP-CLR to (NP lenders)) (PP-MNR through `` (NP (NP deeds) (PP in (NP (NP lieu) (PP of (NP foreclosure)))))))) . '')) (TOP (S (ADVP-TMP Often) , (NP-SBJ developers) (VP stay (PRT on) (PP-CLR as (NP property manager))) .)) (TOP (S (NP-SBJ Real estate analyst Lloyd Lynford) (VP says (SBAR 0 (S (NP-SBJ-1 (NP the Northeast 's) distress) (VP is (VP masked (NP *-1) (PP by (NP-LGS relatively low vacancy rates))))))) .)) (TOP (S But (PP-LOC in (NP (NP today 's) overbuilt market)) , (NP-SBJ tenants) (VP (VP have (NP many choices)) and (VP are (VP negotiating (NP (NP low rents) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP squeeze (NP building owners)))))))) .)) (TOP (S-1 (PP On (NP average)) (PRN , (S (NP-SBJ Mr. Lynford) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP it) (S *EXP*-2)) (ADVP-TMP now) (VP takes (NP (QP three to 3 1) years) (S-2 (NP-SBJ *) (VP to (VP fill (NP new office space)))) , (PP compared (PP with (NP (NP (QP 2 1) years) (PP-TMP in (NP 1988)))))) .)) (TOP (S-HLN (NP-SBJ Beverly Hills) (VP Comes (PP-DIR To (NP Suburban Tokyo))))) (TOP (SBARQ (WHADVP-2 WHY) (SQ SHOULD (NP-SBJ-3 the Japanese) (VP cross (NP the Pacific) (S-PRP (NP-SBJ *-3) (VP to (VP buy (NP American real estate)))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP can (ADVP-MNR simply) (VP recreate (NP it) (PP-LOC at (NP home)) (ADVP-TMP *T*-1))))) (ADVP-PRP *T*-2))) ?)) (TOP (S (NP-SBJ-1 Tokyu Development Corp.) (VP is (VP spending (NP (QP $ 500 million) *U*) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP build (NP (NP American-style luxury homes) (PP *ICH*-3)) (PP-LOC in (NP suburban Tokyo)) (PP-3 with (NP (ADJP rarely seen) (NX (NX back yards) , (NX front yards) , (NX swimming pools) and (NX tennis courts))))))))) .)) (TOP (S (NP-SBJ The Japanese company) (VP hired (NP-2 (NP Richardson Nagy Martin) , (NP a (NAC-LOC Newport Beach , Calif. ,) architectural firm) ,) (S-CLR (NP-SBJ *-2) (VP to (VP design (SBAR-NOM (WHNP-1 what) (S (NP-SBJ the Japanese press) (VP has (VP dubbed (S (NP-SBJ *T*-1) `` (NP-PRD (NP the Beverly Hills) (PP of (NP Tokyo)))))))))))) . '')) (TOP (S (PP Instead of (NP (NP (NP Japan 's) typical small homes) (VP clustered (NP *) (PP-LOC on (NP (NP narrow streets) (PP with (NP no sidewalks))))))) , (NP-SBJ the new `` One Hundred Hills '' development) (VP will (VP offer (NP (NP 65 houses) (PP-LOC on (NP half-acre lots))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (QP more than 10 times) the usual housing site size)) .)) (TOP (S (NP-SBJ (NP Buyers) (PP with (NP (NP (QP $ 6 million) *U*) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP spend (NP *T*-1)))))))) (VP can (VP select (PP-CLR from (NP (NP 11 designs) , (PP including (NP (NP a Mediterranean-inspired California style) , (NP a traditional Yankee look) and (NP (NP designs) (VP inspired (NP *) (PP by (NP-LGS Midwestern architect Frank Lloyd Wright)))))))))) .)) (TOP (S (NP-SBJ There) (VP are (S-PRD (NP-SBJ (NP spacious living rooms and baths) , plus (NP a master grandparents suite) and (NP (NP a foyer) (PP for (S-NOM (NP-SBJ *) (VP removing (NP shoes)))))) (VP to (VP suit (NP Japanese life styles))))) .)) (TOP (S (S (NP-SBJ-1 Exteriors) (VP are (VP faced (NP *-1) (PP-CLR with (NP brick , wood or stone))))) , but (S (NP-SBJ-2 the homes) (VP are (VP made (NP *-2) (PP-CLR of (NP steel-reinforced concrete))))) .)) (TOP (S-1 `` (S (NP-SBJ We) (VP were (ADJP-PRD disappointed (SBAR 0 (S (NP-SBJ we) (VP could n't (VP use (NP wood)))))))) , '' (PRN (SINV (VP says (S *T*-1)) (NP-SBJ architect Walter J. Richardson))) , `` but (S (NP-SBJ the Japanese) (ADVP only) (VP want (NP stronger materials))) . '')) (TOP (S-1 (PP At (NP (NP $ 1,000 *U*) (PP per (NP square foot)))) , (NP-SBJ the Japanese) (VP want (NP (NP (NP the feeling) (PP of (NP indestructibility))) (PRN , (S (NP-SBJ he) (VP explains (SBAR 0 (S *T*-1)))) ,) (CONJP not to mention) (NP (NP protection) (PP from (NP possible earthquake damage))))) .)) (TOP (S-HLN (NP-SBJ Housing Developers) (VP Try (NP Brand-Name Buildings)))) (TOP (S (NP-SBJ-1 RESIDENTIAL builders) , (S-ADV (NP-SBJ-2 *-1) (VP faced (NP *-2) (PP-CLR with (NP a (ADJP more competitive) market)))) , (VP are (VP turning (PP-CLR to (NP a traditional consumer marketing technique)) (S-PRP (NP-SBJ *-1) (VP to (VP establish (NP brand-name identity)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP One) (PP of (NP (NP the difficulties) (SBAR (WHNP-1 0) (S (NP-SBJ (NP people) (PP-LOC in (NP real estate))) (VP have (NP *T*-1))))))) (VP is (SBAR-PRD that (S (NP-SBJ each product) (VP is (PP-PRD like (S-NOM (NP-SBJ *) (VP (VP starting (NP a new company)) , or (VP starting (NP (NP a new line) (PP-LOC in (NP the fashion business)))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP L. Robert Lieb) (NP (NP president) (PP of (NP (NP Mountain Development Corp.) (PP-LOC in (NP (NP West Paterson) , (NP N.J))))))) .)) (TOP (S So (NP-SBJ he) (VP 's (VP using `` (NP river) '' (PP-LOC in (NP many project names)))) .)) (TOP (S-3 `` (S (NP-SBJ It) (VP 'll (ADVP-TMP never) (VP be (PP-PRD like (SBAR-NOM (WHNP-1 what) (S (NP-SBJ Bristol-Myers) (VP does (NP *T*-1)))))))) , '' (PRN (S (NP-SBJ he) (VP adds (S *T*-3)))) , `` but (S (NP-SBJ-2 it) (VP helps (S (NP-SBJ *-2) (VP establish (NP recognition) (PP (PP with (NP the public)) -- and (PP with (NP banks))))))) . '')) (TOP (S (NP-SBJ (NP Weingarten-Siegel Group Inc.) (PP of (NP (NP Manalapan) , (NP N.J.) ,))) (VP has (VP built (NP (NP Cross Creek Pointe) , (NP Allegro Pointe) and (NP (NP other Pointes) (PP-LOC in (NP New Jersey)))))) .)) (TOP (S (NP-SBJ (NP Caspi Development Corp) (PP of (NP (NP Armonk) , (NP N.Y.) ,))) (VP (VP has (VP developed (NP (NP two apartment buildings) (VP called (S (NP-SBJ *) (ADJP-PRD Classic)))))) and (VP plans (NP a third))) .)) (TOP (S (NP-SBJ Developer Steve Caspi) (VP says (SBAR 0 (S (NP-SBJ the same brand name) (VP indicates (NP consistent quality) , `` (ADVP regardless (PP of (NP location , design or amenities))))))) . '')) (TOP (S (NP-SBJ (NP The leader) (PP-LOC in (NP real estate brand names))) (VP is (NP-PRD developer Ara Hovnanian)) .)) (TOP (S (NP-SBJ-1 His entry-price condos) (VP are (VP labeled (S (NP-SBJ *-1) (NP-PRD Society Hill)))) .)) (TOP (S (S (NP-SBJ-1 Beacon Hill) (VP is (PP-PRD-2 for (NP `` move-up '' town houses)))) , and (S (NP-SBJ=1 Nob Hill) , (PP-PRD=2 for (NP single-family houses))) .)) (TOP (S-1 (PP-PRP Because of (NP standardized designs)) (PRN , (S (NP-SBJ Mr. Hovnanian) (VP says (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ a buyer) (VP can (VP visualize (NP Society Hill) (ADVP regardless (PP of (SBAR (WHADVP-2 where) (S (NP-SBJ it) (VP is (ADVP-LOC-PRD *T*-2)))))))) . '')) (TOP (FRAG-HLN (NP-SBJ-1 Quake) (ADJP-PRD Not Likely (S (NP-SBJ *-1) (VP to (VP Jolt (NP The Commercial Market))))))) (TOP (S (NP-SBJ (NP THE EARTHQUAKE) (PP-LOC in (NP San Francisco))) (VP has (VP sent (NP few tremors) (PP-DIR through (NP (NP the hearts) (PP of (NP real estate investors)))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD (NP a disease) (VP called (S (NP-SBJ *) (NP-PRD (NP buyer 's) regret))))))))) , and (S (NP-SBJ I) (VP 'm (ADJP-PRD sure (SBAR 0 (S (NP-SBJ-2 it) (VP 's (VP running (S-CLR (NP-SBJ *-2) (ADJP-PRD rampant)) (PP-TMP at (NP this moment))))))))) , but (S (NP-SBJ-3 it) (VP gets (VP cured (NP *-3) (PP-TMP in (NP (NP a short period) (PP of (NP time)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Kenneth Leventhal) , (NP (NP co-managing partner) (PP of (NP (NP Kenneth Leventhal & Co.) , (NP (NP a Los Angeles accounting firm) (VP specializing (PP-CLR in (NP real estate)))))))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ I) (VP were (VP buying (NP (NP a building) (PP-LOC in (NP San Francisco))) (ADVP-TMP now))))) (S (NP-SBJ (NP the first thing) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP 'd (VP do (NP *T*-1)))))) (VP is (VP insist (PP-CLR on (NP a structural inspection))))) , (S (ADVP-TMP then) (NP-SBJ I) (VP 'd (VP (VP delay (NP-ADV a little)) , (VP stall (NP-ADV a little))))) . '')) (TOP (S But (PP like (NP (NP other real estate professionals) (VP accustomed (NP *) (PP-CLR to (NP (NP California 's) quake risks))))) , (NP-SBJ Mr. Leventhal) (VP anticipates (NP (NP little long-term change) (PP-LOC in (NP (NP the city 's) commercial real estate market)))) .)) (TOP (S (ADVP Still) , (NP-SBJ-1 local builders) (VP are (ADJP-PRD eager (S (NP-SBJ *-1) (VP to (VP tell (NP the world) (SBAR that (S (NP-SBJ (NP most) (PP of (NP San Francisco))) (VP does n't (VP look (PP-CLR like (NP (NP the TV images) (PP of (NP destruction))))))))))))) .)) (TOP (S (NP-SBJ (NP Planners) (PP of (NP the Urban Land Institute real estate conference))) (NP-TMP this week) (VP (ADVP-MNR hastily) added (NP (NP a panel) (PP on (NP (NP the quake 's) effects)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The message) (VP is (SBAR-PRD 0 (S (NP-SBJ we) (VP build (NP 'em) (ADVP-MNR right)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Peter Bedford) , (NP (NP a California developer) and (NP (NP officer) (PP-LOC at (NP Urban Land Institute))))) .)) (TOP (S `` (NP-SBJ There) (VP 's (NP-PRD (NP (QP seven million) square feet) (PP of (NP space)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (VP doing (ADVP-MNR great))))))) .)) (TOP (S-HLN (NP-SBJ HEALTH CLUBS) (VP gear (PRT up) (PP-CLR for (NP a graying clientele))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ their ads) (VP picture (NP (NP curvy young people) (PP-LOC in (NP skimpy outfits)))))) , (NP-SBJ club owners) (VP know (SBAR 0 (S (NP-SBJ the future) (VP lies (PP with (NP the lumpier over-40 set)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's (NP-PRD a misconception) (SBAR-1 that (S (NP-SBJ physical fitness) (VP is (NP-PRD (NP something) (PP for (NP the young and middle-aged)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Michael Pacholik) , (NP (NP sales manager) (PP of (NP (NP the LA Fitness club) , (NP-LOC (NP Diamond Bar) , (NP Calif)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP (QP About 10 % to 15 %) *U*) (PP of (NP (NP members) (PP-LOC at (NP (NP Atlanta 's) Holiday Espre Center))))) (VP are (ADJP-PRD elderly))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Gerald Williams) , (NP fitness consultant)) .)) (TOP (S `` (NP-SBJ Most) (VP want (NP (NP cardiovascular conditioning) ... (NP (NP the No. 1 way) (PP of (S-NOM (NP-SBJ *) (VP reducing (NP (NP risk) (PP of (NP heart disease))))))))) . '')) (TOP (S (NP-SBJ (NP The Association) (PP of (NP Quality Clubs)) , (SBAR (WHNP-41 which) (S (NP-SBJ *T*-41) (VP puts (NP 1988 industry revenue) (PP-PUT at (NP (QP $ 5 billion) *U*))))) ,) (VP (VP surveyed (NP the health-conscious over-40 market)) and (VP found (SBAR that (S (NP-SBJ 43 %) (VP exercise (ADVP-TMP regularly)))))) .)) (TOP (S (NP-SBJ (NP Michael Hays) , (NP (NP head) (PP of (NP ProBody Fitness))) ,) (VP notes (SBAR 0 (S (NP-SBJ an industry `` wash '') (VP is (PP-PRD in (NP progress)))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ-1 Clubs) (VP need (S (NP-SBJ-4 *-1) (VP to (VP be (VP run (NP *-4) (PP-MNR like (NP (NP restaurants) (SBAR (WHADVP-2 where) (S (NP-SBJ every square foot) (VP makes (NP a dollar) (ADVP-LOC *T*-2)))))))))))) , '' (NP-SBJ he) (VP says (S *T*-3)) .)) (TOP (S (NP-SBJ-1 Older people) (VP help (NP profits) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP filling (PRT in) `` (NP downtime))))) . '')) (TOP (S (NP-SBJ He) (VP adds : `` (S (NP-SBJ-1 (NP The medical market) and (NP the fitness market)) (VP (VP parallel (NP each other)) and (VP are (VP going (S (NP-SBJ *-1) (VP to (VP cross (ADVP-TMP real soon))))))))) . '')) (TOP (S (S (NP-SBJ (NP People) (PP on (NP fixed incomes))) (VP get (NP (NP a break) (PP-LOC at (NP Espre))))) ; (S (NP-SBJ over 55) (VP wins (NP (NP a (ADJP 45 %) discount) (PP-LOC at (NP Anaheim Imperial Health Spa))))) .)) (TOP (S-HLN (NP-SBJ `` HOT '' TOPAZ) (VP sparks (NP regulator , jeweler concern) (PP over (NP (NP import) (PP of (NP irradiated stones))))) .)) (TOP (S (NP-SBJ (NP A committee) (PP of (NP gem dealers))) (VP investigates (NP (NP the source) (PP of (NP (NP some `` hot '' blue topaz stones) (VP (ADVP-TMP recently) reported (NP *) (PP by (NP-LGS a Hong Kong jewelry manufacturer))))))) .)) (TOP (S (PP-LOC In (NP the U.S.)) , (NP-SBJ-41 radiation limits) (VP are (VP set and monitored (NP *-41) (PP by (NP-LGS (NP the Nuclear Regulatory Commission) , (SBAR (WHNP-42 which) (S (NP-SBJ *T*-42) (VP licenses (NP (NP reactors) (SBAR (WHNP-43 that) (S (NP-SBJ *T*-43) (VP process (NP the topaz)))))))))))) .)) (TOP (S (NP-SBJ-1 The agency) (VP (VP is (VP working (PP-CLR on (S-NOM (NP-SBJ *-1) (VP licensing (NP importers)))))) but (VP does n't (ADVP-TMP currently) (VP monitor (NP imports)))) .)) (TOP (S (NP-SBJ-1 (NP Topaz) , (NP (NP a translucent mineral) (SBAR (WHNP-2 that) (S (NP-SBJ-6 *T*-2) (VP is (ADVP-TMP often) (ADJP-PRD whitish) (SBAR-TMP (WHADVP-5 when) (S (NP-SBJ-7 *-6) (VP taken (NP *-7) (PP-DIR from (NP the ground)) (ADVP-TMP *T*-5)))))))) ,) (VP can (VP be (VP turned (S (NP-SBJ *-1) (ADJP-PRD blue)) (PP by (NP-LGS (NP irradiation) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP transforms (NP it) (PP-CLR into (NP (NP a gemstone) (SBAR (WHNP-4 that) (S (NP-SBJ *T*-4) (VP looks (PP-CLR like (NP an aquamarine))))))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ (NP The -LCB- stones -RCB-) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were (VP irradiated (NP *-1) (PP-LOC in (NP the U.S.))))))) (VP are (ADJP-PRD safe))) , '' (VP says (S *T*-3)) (NP-SBJ (NP John Hickey) , (NP (NP chief) (PP of (NP (NP the NRC operations branch) , (NP-LOC Washington))))) .)) (TOP (S `` (NP-SBJ We) (VP believe (SBAR that (S (NP-SBJ (NP the vast majority) (PP of (NP imported material))) (VP is (ADJP-PRD safe))))) .)) (TOP (S But (NP-SBJ there) (VP is (NP-PRD a small risk (SBAR that (S (NP-SBJ-1 (NP some) (PP *ICH*-2)) (VP were (VP imported (NP *-1) (PP-2 with (NP high radiation levels)))))))) . '')) (TOP (S (NP-SBJ Mr. Hickey) (VP added (SBAR that (S (NP-SBJ-1 (NP the stones) (VP found (NP *) (PP-LOC in (NP Hong Kong)))) (VP are (VP thought (S (NP-SBJ *-1) (VP to (VP carry (NP double the U.S. radiation limit)))))))) , (SBAR-ADV although (S (NP-SBJ he) (VP noted (SBAR that (S (NP-SBJ (QP double or even triple) the U.S. limit) (VP is `` (ADVP still) (PP-LOC-PRD in (NP (NP the range) (PP of (NP safe levels))))))))))) . '')) (TOP (S (NP-SBJ Some jewelers) (VP have (NP (NP Geiger counters) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP measure (NP topaz radiation))))))) .)) (TOP (S-HLN (NP-SBJ CAPITAL) (VP TRAVELS (PP-DIR to (NP Europe)) (SBAR-TMP as (S (NP-SBJ 1992 unification) (VP nears)))) .)) (TOP (S (NP-SBJ (NP Boston 's) Advent International) (VP raises (NP (NP (QP $ 230 million) *U*) (SBAR *ICH*-2)) (PP-CLR from (NP (NP U.S. pension funds) and (NP other institutions))) (SBAR-2 (WHNP-1 0) (S (NP-SBJ *) (VP to (VP invest (NP *T*-1) (PP-LOC-CLR in (NP Europe))))))) .)) (TOP (S (S (NP-SBJ Other venture capitalists) (VP are (ADVP already) (ADVP-LOC-PRD there))) : (S (NP-SBJ (NP (NP (NP MMG Patricof Group) and (NP its Alan Patricof Associates)) , (NP-LOC New York)) ; (NP (NP Burr , Egan , Deleage & Co.) , (NP-LOC Boston)) ; and (NP (NP San Francisco 's) Hambrecht & Quist)) (VP have (NP (NP (QP about $ 800 million) *U*) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP invest (NP *T*-1) (PP-LOC-CLR in (NP European companies))))))))) .)) (TOP (S (NP-SBJ-1 European venture capital funds) (VP (VP total (NP (QP about $ 14 billion) *U*)) and (VP are (VP expected (S (NP-SBJ-2 *-1) (VP to (VP continue (S (NP-SBJ *-2) (VP growing (NP-EXT 35 %) (ADVP-TMP annually))))))))) .)) (TOP (S (NP-SBJ Continentals) (VP believe (SBAR that (S (NP-SBJ the strongest growth area) (VP will (VP be (NP-LOC-PRD southern Europe)))))) .)) (TOP (S (NP-SBJ-1 Spain and Italy) (VP are (ADVP-TMP most often) (VP mentioned (NP *-1) (PP-CLR as (NP the future economic hot spots)))) .)) (TOP (S (NP-SBJ Favored ventures) (VP include (NP media , telecommunications and retailing)) .)) (TOP (NP (NP (ADJP Most popular) acquisition method) : (NP the leveraged buy-out) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP Family-owned firms) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP need (NP cash) (S-PRP (NP-SBJ *) (VP to (VP grow))))))) (VP are (ADJP-PRD attractive))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP John Turner) (PP of (NP (NP Matuschka Gruppe) , (NP-LOC Munich)))) .)) (TOP (S-HLN (NP-SBJ (NP AN AIDS DIRECTORY) (PP from (NP (NP the American Foundation) (PP for (NP AIDS Research))))) (VP rates and reviews (NP educational materials)) .)) (TOP (S (NP-SBJ `` Learning AIDS '') (VP lists (NP (NP films) , (NP pamphlets) , (NP brochures) , (NP videos) and (NP other educational data))) .)) (TOP (S (NP-SBJ The distributor) (VP is (NP-PRD (NP R.R. Bowker) , (NP-LOC New York))) .)) (TOP (S-HLN (NP-SBJ-1 SUSPECT `` SALES '' ads) (VP are (VP challenged (NP *-1) (PP by (NP-LGS (NP the Better Business Bureau) (PP of (NP Metropolitan New York)))))) .)) (TOP (S (NP-SBJ The bureau) (VP found (SBAR that (S (NP-SBJ (QP only two of six) New York furniture stores) (VP could (VP prove (SBAR 0 (S (NP-SBJ their presale prices) (VP were (ADJP-PRD higher))))))))) .)) (TOP (S (S-HLN (NP-SBJ DRACULA) (VP 'S (ADJP-PRD BUSY) (NP-TMP (NP this time) (PP of (NP year))))) , but (S (NP-SBJ (NP a visit) (PP to (NP his Transylvania castle))) (VP is (NP-PRD (NP part) (PP of (NP (NP a Chicago-based Unitours trip) (PP-TMP in (NP (NP the spring) , (PRN (ADVP presumably) (NP (NP the count 's) off-season))))))))) .)) (TOP (S-HLN (NP-SBJ RADIO MALAISE) (VP draws (NP (NP the ear) (PP of (NP the Federal Communications Commission)))) .)) (TOP (S (NP-SBJ (NP AM radio) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (VP losing (NP listeners) (PP-CLR to (NP FM channels)) (PP-TMP since (NP the 1970s))))))) ,) (VP approaches (NP the 1990s) (PP-MNR with (NP a diminished voice))) .)) (TOP (S But (NP-SBJ it) (VP may (VP have (NP a good listener) (PP-LOC in (NP Washington)))) .)) (TOP (S (NP-SBJ-2 The FCC) (VP plans (S (NP-SBJ *-2) (VP to (VP hear (NP (NP a day) (PP of (NP (NP testimony) (PP *ICH*-1)))) (NP-TMP Nov. 16) (PP-1 on (NP (NP the plight) (PP of (NP AM radio)))))))) .)) (TOP (S (NP-SBJ The commission) (VP believes (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP improving (NP AM service))) (VP would (VP (VP broaden (NP listening selections)) and (VP increase (NP options) (PP for (NP advertisers)))))))) .)) (TOP (S (NP-SBJ-1 The issues) (VP are (ADVP also) (VP thought (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD important (PP to (NP (NP (NP the FCC 's) new chairman) , (NP Alfred Sikes) , (NP (NP a former AM broadcaster) (PP-LOC in (NP his native Missouri))))))))))) .)) (TOP (S (NP-SBJ-1 The FM radio band) , (S-ADV (NP-SBJ-2 *-1) (VP considered (S (NP-SBJ *-2) (ADJP-PRD technically superior) (SBAR-PRP because (S (NP-SBJ it) (VP can (VP carry (NP stereo broadcasts)))))))) , (VP has (VP cornered (NP the airwaves) (PP-PRP for (S-NOM (NP-SBJ *) (VP delivering (NP music)))))) .)) (TOP (S (NP-SBJ AM stereo) (VP remains (ADJP-PRD largely undeveloped) (SBAR-PRP because (S (NP-SBJ it) (VP lacks (NP a uniform delivery system))))) .)) (TOP (S (NP-SBJ (NP The National Association) (PP of (NP Broadcasters))) (PP-TMP in (NP June)) (VP adopted (NP (NP an agenda) (PP for (S-NOM (NP-SBJ *) (VP revitalizing (NP AM radio)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (PRN , (PP among (NP other things)) ,) (S (NP-SBJ *) (VP (VP pursuing (NP (NP further FCC action) (PP on (S-NOM (NP-SBJ *) (VP selecting (NP an AM stereo standard)))))) and (VP seeking (NP (NP a law) (VP requiring (S (NP-SBJ all stereo receivers) (VP to (VP include (NP AM stereo)))))))))))))) .)) (TOP (S (NP-SBJ Listeners) (VP turned (PP-CLR to (NP (NP radios) (VP run (NP *) (PP-CLR on (NP batteries))))) (PP for (NP news)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP the San Francisco earthquake) and (NP Hurricane Hugo)) (VP cut (NP power lines) (ADVP-TMP *T*-1))))) .)) (TOP (NP-HLN BRIEFS :)) (TOP (S (NP-SBJ A Modern Healthcare magazine article) (VP says (SBAR 0 (S (NP-SBJ-1 (NP 40 %) (PP of (NP surveyed executives))) (VP admitted (S (NP-SBJ-2 *-1) (VP falling (S-CLR (NP-SBJ *-2) (ADJP-PRD asleep)) (PP-TMP during (NP formal presentations)))))))) ... .)) (TOP (S (NP-SBJ (NP Lee Co.) , (NP the jeans maker) ,) (VP celebrates (NP its 100th anniversary) (PP-MNR with (NP (NP a hardcover yearbook) (VP featuring (NP (NP photos) (PP of (NP its 10,000 employees))))))) .)) (TOP (S (NP-SBJ-1 Kemper Financial Services Inc.) , (S-ADV (NP-SBJ *-1) (VP charging (SBAR that (S (NP-SBJ program trading) (VP is (VP ruining (NP the stock market))))))) , (VP cut (PRT off) (NP-2 four big Wall Street firms) (PP from (S-NOM (NP-SBJ *-2) (VP doing (NP (NP any) (PP of (NP its stock-trading business))))))) .)) (TOP (S (NP-SBJ The move) (VP is (NP-PRD (NP the biggest salvo) (ADVP yet) (PP-LOC in (NP (NP the renewed outcry) (PP against (NP program trading))))) , (PP with (S-NOM (NP-SBJ Kemper) (VP putting (NP (NP its money) -- (NP (NP the millions) (PP of (NP dollars)) (PP in (NP commissions)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP generates (NP *T*-1) (NP-TMP each year))))) --) (SBAR-PUT (WHADVP-2 where) (S (NP-SBJ its mouth) (VP is (ADVP-LOC-PRD *T*-2)))))))) .)) (TOP (S (NP-SBJ (NP The Kemper Corp. unit) and (NP other critics)) (VP complain (SBAR that (S (NP-SBJ program trading) (VP (VP causes (NP (NP (NP wild swings) (PP-LOC in (NP stock prices))) , (PP such as (PP-TMP (PP on (NP Tuesday)) and (PP on (NP Oct. 13 and 16))))) ,) and (VP has (VP increased (NP (NP chances) (PP for (NP market crashes))))))))) .)) (TOP (S (PP-TMP Over (NP the past nine months)) , (NP-SBJ (NP several firms) , (PP including (NP (NP discount broker Charles Schwab & Co.) and (NP (NP Sears , Roebuck & Co. 's) Dean Witter Reynolds Inc. unit))) ,) (VP have (VP attacked (NP program trading) (PP-CLR as (NP a major market evil)))) .)) (TOP (S (NP-SBJ Several big securities firms) (VP backed (PRT off) (PP-CLR from (NP program trading)) (PP-TMP (NP a few months) after (NP the 1987 crash))) .)) (TOP (S But (NP-SBJ-1 (NP most) (PP of (NP them))) , (S-ADV (NP-SBJ-2 *-1) (VP led (NP *-2) (PP by (NP-LGS Morgan Stanley & Co.)))) , (VP moved (ADVP-DIR back in) (NP-TMP earlier this year)) .)) (TOP (S (NP-SBJ (NP The (ADJP most volatile) form) (PP of (NP program trading))) (VP is (NP-PRD (NP index arbitrage) -- (NP (NP the rapid-fire , computer-guided buying and selling) (PP of (NP stocks)) (VP offset (NP *) (PP with (NP (NP opposite trades) (PP in (NP stock-index futures and options)))))))) .)) (TOP (S (NP-SBJ The object) (VP is (S-PRD (NP-SBJ *) (VP to (VP capture (NP (NP profits) (PP from (NP (NP fleeting price discrepancies) (PP between (NP (NP the futures and options) and (NP (NP the stocks) (NP themselves))))))))))) .)) (TOP (S (NP-SBJ Index arbitrage) (ADVP-TMP recently) (VP has (VP accounted (PP-CLR for (NP (NP about half) (PP of (NP (NP all program trading) (PP-LOC on (NP the New York Stock Exchange)))))))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ program trading) (VP accounted (PP-CLR for (NP (NP (NP (QP 20.9 million) shares) (NP-ADV a day)) , or (NP (NP a record 13.8 %) (PP of (NP (NP the Big Board 's) average daily volume)))))) .)) (TOP (S (S-TPC-1 (PP-TMP On (NP Tuesday afternoon)) , (NP-SBJ Kemper) (VP told (NP (NP Bear , Stearns & Co.) , (NP (NP General Electric Co. 's) Kidder , Peabody & Co. unit) , (NP Morgan Stanley) and (NP Oppenheimer & Co.)) (SBAR that (S (NP-SBJ it) (VP will (ADVP-TMP no longer) (VP do (NP business) (PP-CLR with (NP them)) (PP-PRP because of (NP (NP their commitment) (PP to (NP index arbitrage)))))))))) , (NP-SBJ (NP officials) (PP-LOC inside and outside (NP these firms))) (VP confirmed (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-2 Kemper officials) (VP (VP declined (S (NP-SBJ *-2) (VP to (VP identify (NP the firms))))) but (VP (VP acknowledged (NP (NP a long-simmering dispute) (PP with (NP four securities firms)))) and (VP said (SBAR 0 (S (NP-SBJ-1 (NP the list) (PP of (NP brokers)) (SBAR (WHNP-3 0) (S (NP-SBJ it) (VP wo n't (VP do (NP business) (PP-CLR with (NP *T*-3))))))) (VP may (VP be (VP lengthened (NP *-1) (PP-TMP in (NP the months ahead)))))))))) .)) (TOP (SINV `` (S-2 (NP-SBJ We) (VP 've (VP been (ADJP-PRD opposed (PP to '' (NP index arbitrage) ``)) (PP-TMP for (NP a long time))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Stephen B. Timbers) , (NP (NP chief investment officer) (PP-LOC at (NP (NP Kemper) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP manages (NP (NP (QP $ 56 billion) *U*) , (PP including (NP (NP (QP $ 8 billion) *U*) (PP of (NP stocks)))))))))))) .)) (TOP (S `` (S (NP-SBJ Index arbitrage) (VP does n't (VP work))) , and (S (NP-SBJ it) (VP scares (NP (NP natural buyers) '' (PP of (NP stock))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Mr. Timbers) (VP explained (SBAR 0 (S (NP-SBJ he) (VP 's `` not (ADVP totally) (VP convinced (SBAR 0 (S (NP-SBJ index arbitrage) (VP changes (NP (NP the overall level) (PP of (NP the stock market))))))))))))) , '' (NP-SBJ he) (VP said (SBAR that `` (S (PP-TMP on (NP an intraday basis)) , (NP-SBJ it) (VP has (NP major effects))))) .)) (TOP (S (NP-SBJ We) (VP 've (VP (VP talked (PP-CLR to (NP (NP proponents) (PP of (NP index arbitrage))))) and (VP told (NP-1 them) (S (NP-SBJ *-1) (VP to (VP cool (NP it)))) (SBAR-PRP because (S (NP-SBJ they) (VP 're (VP ruining (NP the market)))))))) .)) (TOP (S (S (NP-SBJ They) (VP said , ` (ADJP Too bad) , ')) so (S (NP-SBJ we) (ADVP finally) (VP said (SBAR 0 (S (NP-SBJ-1 we) (VP 're not (VP going (S (NP-SBJ *-1) (VP to (VP do (NP business) (PP-CLR with (NP them))))))))))) . '')) (TOP (S (NP-SBJ Kemper) (ADVP also) (VP blasted (NP-1 the Big Board) (PP for (S-NOM (NP-SBJ *-1) (VP ignoring (NP (NP the interests) (PP of (NP (ADJP individual and institutional) holders))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ The New York Stock Exchange) (VP has (NP (NP vested interests) '' (PP-LOC in (NP its big member securities firms)) `` (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP cloud (NP its objectivity))))))) , '' (NP-SBJ Mr. Timbers) (VP said (S *T*-2)) .)) (TOP (S `` (NP-SBJ It) (VP has (ADVP-TMP never) (VP been (ADJP-PRD interested (PP in (SBAR-NOM (WHNP-1 what) (S (NP-SBJ we) (VP think (NP *T*-1)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The Big Board) (ADVP also) (VP has (NP (NP a terrible communication problem) (PP with (NP individual investors))))) , '' (NP-SBJ he) (VP added (S *T*-1)) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Small investors) (VP perceive (SBAR that (S `` (NP-SBJ big operators) '' (VP dominate (NP the market)))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Thomas O'Hara) , (NP (NP (NP chairman) (PP of (NP (NP the National Association) (PP of (NP Investors))))) and (NP (NP head) (PP of (NP (NP (NP the exchange 's) Individual Investors Advisory Committee) (VP set (PRT up) (PP-TMP after (NP the 1987 crash)))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ (NP The impression) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP 've (VP got (NP *T*-1)))))) (VP is (SBAR-PRD 0 (S (S (NP-SBJ-2 they) (VP 'd (VP love (S (NP-SBJ *-2) (VP to (VP do (PRT away) (PP-CLR with (NP (NP it) (PRN -LCB- (NP program trading) -RCB-))))))))) , but (S (NP-SBJ (NP they) (PRN -LCB- (NP the exchange) -RCB-)) (VP ca n't (VP do (NP it)))))))) , '' (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S (NP-SBJ Big Board Chairman John J. Phelan) (VP said (PP-LOC in (NP a recent interview)) (SBAR that (S (NP-SBJ he) (VP has (NP no inclination (S (NP-SBJ *) (VP to (VP eliminate (NP program trading))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR (SBAR 0 (S (NP-SBJ (NP the market 's) volatility) (VP disturbs (NP him)))) , but (SBAR that (S (NP-SBJ-2 (NP all) (SBAR (WHNP-1 0) (S (NP-SBJ the exchange) (VP can (VP do (NP *T*-1)))))) (VP is (VP `` slow (PRT down) (NP the process) '' (PP-MNR by (S-NOM (NP-SBJ *-2) (VP using (NP its circuit breakers and shock absorbers)))))))))) .)) (TOP (S (NP-SBJ Mr. Timbers) (VP countered (SBAR that `` (S (NP-SBJ the mere fact (SBAR 0 (S (NP-SBJ they) (VP put (PRT in) (NP circuit breakers))))) (VP is (NP-PRD (NP an admission) (PP of (NP their problems))))))) . '')) (TOP (S (NP-SBJ (NP (NP Morgan Stanley) and (NP Kidder Peabody)) , (NP the two biggest program trading firms) ,) (ADVP-MNR staunchly) (VP defend (NP their strategies)) .)) (TOP (S `` (S-TPC-3 (NP-SBJ-2 We) (VP continue (S (NP-SBJ *-2) (VP to (VP believe (SBAR 0 (S (NP-SBJ (NP the position) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP 've (VP taken (NP *T*-1)))))) (VP is (ADJP-PRD reasonable))))))))) , '' (NP-SBJ a Morgan Stanley official) (VP said (S *T*-3)) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ We) (VP would (VP stop (NP index arbitrage) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the market) (VP is (PP-PRD under (NP stress)) (ADVP-TMP *T*-1))))))) , and (S (NP-SBJ we) (VP have (VP *?* (ADVP-TMP recently))))) , '' (NP-SBJ-3 he) (VP said (S *T*-2) , (S-ADV (NP-SBJ *-3) (VP citing (NP (NP Oct. 13) and (NP earlier this week))))) .)) (TOP (S (NP-SBJ (NP Michael Carpenter) , (NP (NP (NP president) and (NP chief executive officer)) (PP-LOC at (NP Kidder Peabody))) ,) (VP said (PP-LOC in (NP a recent interview)) , `` (S (NP-SBJ We) (VP do n't (VP think (SBAR that (S (NP-SBJ index arbitrage) (VP has (NP (NP a negative impact) (PP on (NP (NP the market) (PP as (NP a whole)))))))))))) . '')) (TOP (S (PP According (PP to (NP (NP Lawrence Eckenfelder) , (NP (NP a securities industry analyst) (PP-LOC at (NP Prudential-Bache Securities Inc.)))))) , `` (NP-SBJ Kemper) (VP is (NP-PRD (NP the first firm) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP make (NP a major statement) (PP-CLR with (NP program trading)))))))) . '')) (TOP (S (NP-SBJ He) (VP added (SBAR that `` (S (S-NOM-SBJ-1 (NP-SBJ *) (VP having (S (NP-SBJ just one firm) (VP do (NP this))))) (VP is n't (VP going (S (NP-SBJ *-1) (VP to (VP mean (NP (NP a hill) (PP of (NP beans))))))))))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ this) (VP prompts (S (NP-SBJ others) (VP to (VP consider (NP the same thing))))))) , (ADVP then) (NP-SBJ it) (VP may (VP become (ADJP-PRD (ADVP much more) important))) .)) (TOP (S (NP-SBJ The following) (VP were (PP-PRD among (NP (NP (NP yesterday 's) offerings and pricings) (PP-LOC in (NP the (UCP U.S. and non-U.S.) capital markets)) , (PP with (NP terms and syndicate manager)) , (SBAR as (S (NP-SBJ-1 *) (VP compiled (NP *-1) (PP by (NP-LGS Dow Jones Capital Markets Report)))))))) :)) (TOP (NP (NP Blockbuster Entertainment Corp.) -- (NP (NP (QP $ 300 million) *U*) (PRN -LRB- (NP redemption amount) -RRB-) (PP of (NP (NP zero-coupon convertible notes) , (VP (ADVP also) known (NP *) (PP-CLR as (NP liquid yield option notes))) , (ADJP due (NP-TMP Nov. 1 , 2004)) , (VP priced (NP-1 *) (PP-CLR at (NP 308.32)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (PP-TMP at (NP maturity)) (NP 8 %)))))))) .)) (TOP (S (NP-SBJ The notes) (VP (VP are (NP-PRD zero-coupon securities)) and (VP will not (VP pay (NP interest) (ADVP-TMP periodically)))) .)) (TOP (S (NP-SBJ-1 (NP The size) (PP of (NP the offering))) (VP was (VP increased (NP *-1) (PP-CLR from (NP (NP the (ADJP originally planned) (QP $ 250 million) *U*) (PRN -LRB- (NP redemption amount) -RRB-))))) .)) (TOP (S (NP-SBJ The notes) (VP are (ADJP-PRD convertible (PP into (NP (NP common stock) (PP of (NP Blockbuster Entertainment)))) (PP at (NP (NP (NP $ 22.26 *U*) (NP-ADV a share)) , (VP representing (NP (NP a (ADJP 12 %) conversion premium) (PP over (NP (NP yesterday 's) closing price)))))))) .)) (TOP (S (S-ADV (NP-SBJ-3 *-4) (VP (VP Rated (NP *-3) (ADJP-1 Ba-3) (PP-2 by (NP-LGS (NP Moody 's) Investors Service Inc.))) and (VP (ADJP=1 single-B-plus) (PP=2 by (NP-LGS (NP Standard & Poor 's) Corp.))))) , (NP-SBJ-4 the issue) (VP will (VP be (VP sold (NP *-4) (PP through (NP Merrill Lynch Capital Markets))))) .)) (TOP (NP (NP Merrill Lynch & Co.) -- (NP (NP (QP $ 200 million) *U*) (PP of (NP (NP (ADJP 8.4 %) notes) (ADJP due (NP-TMP Nov. 1 , 2019)) , (VP priced (NP-1 *) (PP-CLR at (NP 99.771)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 8.457 %)))))))) .)) (TOP (S (NP-SBJ-1 (NP The issue) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD puttable (ADVP back (PP to (NP the company))) (NP-TMP Nov. 1 , 1994))))) ,) (VP was (VP priced (NP *-1) (PP-CLR at (NP (NP a spread) (PP of (NP (NP 70 basis points) (PP above (NP (NP the Treasury 's) five-year note)))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP (VP Rated (NP *-1) (ADJP-3 single-A-1) (PP-4 by (NP-LGS Moody 's))) and (VP (ADJP=3 single-A-plus) (PP=4 by (NP-LGS S&P))))) , (NP-SBJ-2 the noncallable issue) (VP will (VP be (VP sold (NP *-2) (PP through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Merrill Lynch Capital Markets)))))))) .)) (TOP (NP (NP Boise Cascade Corp.) -- (NP (NP (QP $ 150 million) *U*) (PP of (NP (NP (ADJP 9.45 %) debentures) (ADJP due (NP-TMP 2009)) , (VP priced (NP *) (PP-CLR at (NP 99.7)))))) .)) (TOP (NP (NP ITT Financial Corp.) -- (NP (NP (QP $ 150 million) *U*) (PP of (NP (NP (ADJP 8.35 %) subordinated notes) (ADJP due (NP-TMP Nov. 1 , 2004)) , (VP priced (NP-1 *) (PP-CLR at (NP 99.85)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 8.387 %)))))))) .)) (TOP (S (NP-SBJ-1 (NP The noncallable issue) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD puttable (ADVP back (PP to (NP the company))) (NP-TMP Nov. 1 , 1994))))) ,) (VP was (VP priced (NP *-1) (PP-CLR at (NP (NP a spread) (PP of (NP (NP 62.5 basis points) (PP above (NP (NP the Treasury 's) five-year note)))))))) .)) (TOP (S (S-ADV (NP-SBJ-4 *-3) (VP (VP Rated (NP *-4) (ADJP-1 single-A-2) (PP-2 by (NP-LGS Moody 's))) and (VP (ADJP=1 single-A) (PP=2 by (NP-LGS S&P))))) , (NP-SBJ-3 the issue) (VP will (VP be (VP sold (NP *-3) (PP through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Merrill Lynch Capital Markets)))))))) .)) (TOP (S (NP-SBJ ITT Financial) (VP is (NP-PRD (NP a subsidiary) (PP of (NP ITT Corp)))) .)) (TOP (NP (NP Arco Chemical Co.) -- (NP (NP (QP $ 100 million) *U*) (PP of (NP (NP 9.35 % debentures) (ADJP due (NP-TMP Nov. 1 , 2019)) , (VP priced (NP-1 *) (PP-CLR at (NP 98.518)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 9.50 %)))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-3) (VP (VP (VP Rated (NP *-1) (ADJP-2 single-A-2) (PP-4 by (NP-LGS Moody 's)))) and (VP (ADJP=2 single-A) (PP=4 by (NP-LGS S&P))))) , (NP-SBJ-3 the issue) (VP will (VP be (VP sold (NP *-3) (PP through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Salomon Brothers Inc)))))))) .)) (TOP (NP (NP (NP Trinity River Authority) , (NP-LOC Texas)) -- (NP (NP (QP $ 134.8 million) *U*) (PP of (NP (NP regional wastewater system improvement revenue bonds) , (NP Series 1989) , (ADJP due (NP-TMP (NP 1992-2000) , (NP 2009) and (NP 2016))) ,)) (PP through (NP a Shearson Lehman Hutton Inc. group))) .)) (TOP (S (NP-SBJ-1 The bonds) , (S-ADV (NP-SBJ-2 *-1) (VP (VP insured (NP *-2)) and (VP rated (NP *-2) (ADJP triple-a) (PP by (NP-LGS (NP Moody 's) and (NP S&P)))))) , (VP were (VP priced (NP-3 *-1) (S-CLR (NP-SBJ *-3) (VP to (VP yield (PP (PP from (NP (NP 6.30 %) (PP-TMP in (NP 1992)))) (PP to (NP (NP 7.25 %) (PP-TMP in (NP 2016)))))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (NP $ 46,245,000 *U*) (PP of (NP (NP (ADJP 7 %) term bonds) (ADJP due (NP-TMP 2009)) , (VP priced (NP-2 *) (PP-CLR at (NP 97 7)) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 7.20 %)))))))) , and (NP (NP (QP $ 64.9 million) *U*) (PP of (NP (NP (ADJP 7.1 %) term bonds) (ADJP due (NP-TMP 2016)) , (VP priced (NP-1 *) (PP-CLR at (NP 98 1)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 7.25 %)))))))))) .)) (TOP (S (NP-SBJ-2 (NP Serial bonds) , (SBAR (WHNP-1 which) (S (NP-SBJ (NP *T*-1) (ADVP all)) (VP carry (NP (ADJP 7 %) coupons)))) ,) (VP are (VP priced (NP-3 *-2) (S-CLR (NP-SBJ *-3) (VP to (VP yield (PP (PP from (NP (NP 6.30 %) (PP-TMP in (NP 1992)))) (PP to (NP (NP 7 %) (PP-TMP in (NP 2000)))))))))) .)) (TOP (NP (NP (NP Beverly Hills) , (NP-LOC Calif.)) -- (NP (NP $ 116,385,000 *U*) (PP of (NP (NP refunding certificates) (PP of (NP participation)) (PRN -LRB- (NP civic center improvements project) -RRB-) , (ADJP due (NP-TMP (NP 1990-2004) , (NP 2007) , (NP 2016) and (NP 2019))) , (VP (ADVP-MNR tentatively) priced (NP-1 *) (PP by (NP-LGS a Goldman , Sachs & Co. group)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (PP (PP from (NP (NP 6 %) (PP-TMP in (NP 1990)))) (PP to (NP (NP 7.19 %) (PP-TMP in (NP 2016)))))))))))) .)) (TOP (S (NP-SBJ Serial certificates) (VP yield (NP (QP to 7.10) %) (PP-TMP in (NP 2004))) .)) (TOP (S (NP-SBJ-1 They) (VP are all (VP priced (NP *-1) (PP-CLR at (NP par)))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP $ 12,915,000 *U*) (PP of (NP (NP (ADJP 7 %) term certificates) (ADJP due (NP-TMP 2007)) , (VP priced (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 7.15 %))))))))) .)) (TOP (S (NP-SBJ (NP The (QP $ 58.9 million) *U*) (PP of (NP (NP (ADJP 7 %) certificates) (ADJP due (NP-TMP 2016))))) (VP carry (NP (NP (NP the issue 's) high yield) , (VP priced (NP-1 *) (PP-CLR at (NP 97 3)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 7.19 %))))))) .)) (TOP (S (NP-SBJ There) (VP are (ADVP also) (NP-PRD (NP (QP $ 29 million) *U*) (PP of (NP (NP (ADJP 6 3 %) certificates) (ADJP due (NP-TMP 2019)) , (VP priced (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 7.10 %))))))))) .)) (TOP (S (NP-SBJ-3 The bonds) (VP are (VP (VP rated (NP *-3) (ADJP-1 single-A-1) (PP-2 by (NP-LGS Moody 's))) and (VP (ADJP=1 double-A-minus) (PP=2 by (NP-LGS S&P))) , (PP according (PP to (NP the lead underwriter))))) .)) (TOP (NP (NP Michigan) -- (NP (NP (QP $ 80 million) *U*) (PP of (NP (NP (NP first general obligation bonds) (PRN -LRB- (NP Series 1989) (NP (NP environmental protection program) and (NP recreation program)) -RRB-)) , (VP (ADVP-MNR tentatively) priced (NP-1 *) (PP by (NP-LGS a Shearson Lehman Hutton group)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (PP (PP from (NP (NP 6 %) (PP for (NP (NP current interest bonds) (ADJP due (NP-TMP 1990)))))) (PP to (NP (NP 7.25 %) (PP for (NP convertible capital appreciation bonds)))))))))))) .)) (TOP (S (NP-SBJ Environmental protection program current interest bonds) (VP are (ADJP-PRD due (NP-TMP (NP 1995-1999) , (NP 2005) and (NP 2009)))) .)) (TOP (S (NP-SBJ-1 They) (VP are (VP (ADVP tentatively) priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP (PP from (NP (NP 6.45 %) (PP-TMP in (NP 1995)))) (PP to (NP (NP 7.10 %) (PP-TMP in (NP 2009)))))))))) .)) (TOP (S (NP-SBJ (NP The standard capital appreciation bonds) (PP-LOC in (NP (NP the issue) , (ADJP due (NP-TMP 1998-2011)) ,))) (VP yield (PP-TMP to (NP maturity)) (PP (PP from (NP (NP 6.70 %) (PP-TMP in (NP 1998)))) (PP to (NP (NP 7.10 %) (PP-TMP in (NP 2009-2011)))))) .)) (TOP (S (NP-SBJ The convertible capital appreciation bonds) (ADVP all) (VP yield (NP 7.25 %) (PP-TMP to (NP (NP their respective conversion dates) , (SBAR (WHADVP-1 when) (S (NP-SBJ they) (VP become (NP-PRD (NP (ADJP 7 1 %) current interest-bearing bonds) (PP-TMP until (NP maturity))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ (NP Convertible capital appreciation bonds) (PP with (NP (NP a final stated maturity) (PP of (NP Nov. 15 , 2014 ,))))) (VP convert (NP-TMP Nov. 15 , 1999)) .)) (TOP (S (NP-SBJ (NP Convertible capital appreciation bonds) (PP with (NP (NP a final stated maturity) (PP of (NP Nov. 15 , 2019 ,))))) (VP convert (NP-TMP Nov. 15 , 2004)) .)) (TOP (S (NP-SBJ-1 Recreation program current interest bonds) (VP (VP are (ADJP-PRD due (NP-TMP 1990-1995))) , and (VP are (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP (PP from (NP (NP 6 %) (PP-TMP in (NP 1990)))) (PP to (NP (NP 6.45 %) (PP-TMP in (NP 1995))))))))))) .)) (TOP (S (NP-SBJ-1 (NP All) (PP of (NP the bonds))) (VP are (VP (VP rated (NP *-1) (ADJP-2 single-A-1) (PP-3 by (NP-LGS Moody 's))) and (VP (ADJP=2 double-A) (PP=3 by (NP-LGS S&P))))) .)) (TOP (NP (NP Federal National Mortgage Association) -- (NP (NP (QP $ 300 million) *U*) (PP of (NP Remic securities)) (PP in (NP 10 classes)) (PP through (NP Goldman Sachs))) .)) (TOP (S (NP-SBJ-2 The issue) (VP is (VP backed (NP *-2) (PP by (NP-LGS Fannie Mae (ADJP 9 %) securitiess)))) .)) (TOP (S (NP-SBJ The offering) (VP is (NP-PRD (NP Fannie Mae 's) Series 1989-88)) .)) (TOP (NP (NP (NP Fuji Heavy Industries Ltd .) (PRN -LRB- (NP-LOC Japan) -RRB-)) -- (NP (NP (QP $ 300 million) *U*) (PP of (NP (NP (ADJP 8 3 %) bonds) (ADJP due (NP-TMP Nov. 17 , 1999)) , (VP priced (NP-1 *) (PP-CLR at (NP 101 3)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP (NP 8.85 %) (PP less (NP full fees))) (ADVP-TMP annually))))))) , (PP via (NP Daiwa Europe Ltd))) .)) (TOP (NP (NP Guarantee) (PP by (NP (NP Industrial Bank) (PP of (NP Japan)))) .)) (TOP (NP (NP Fees) (NP 2) .)) (TOP (NP (NP (NP European Investment Bank) (PRN -LRB- (NP agency) -RRB-)) -- (NP (NP (QP $ 150 million) *U*) (PP of (NP (NP (ADJP 8 1 %) bonds) (ADJP due (NP-TMP Nov. 22 , 1999)) , (VP priced (NP-1 *) (PP-CLR at (NP 99.75)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 8.54 %) (PP at (NP reoffered price)))))))) , (PP via (NP lead manager JP Morgan Securities Ltd))) .)) (TOP (NP (NP (NP Nippon Meat Packers Inc .) (PRN -LRB- (NP-LOC Japan) -RRB-)) -- (NP (NP (QP $ 200 million) *U*) (PP of (NP (NP bonds) (ADJP due (NP-TMP Nov. 9 , 1993)) , (PP with (NP (NP equity-purchase warrants) , (VP indicating (NP (NP a (ADJP 3 7 %) coupon) (PP at (NP par)))))))) , (PP via (NP Yamaichi International Europe))) .)) (TOP (S (NP-SBJ Each (ADJP $ 5,000 *U*) bond) (VP carries (NP (NP a warrant (S *ICH*-2)) (ADJP exercisable (NP-TMP (NP Nov. 24 , 1989 ,) (PP through (NP Oct. 29 , 1993 ,)))) (S-2 (NP-SBJ *) (VP to (VP buy (NP company shares) (PP-CLR at (NP (NP an expected premium) (PP of (NP 2 1 %)) (PP to (NP (NP the closing share price) (SBAR (WHADVP-3 when) (S (NP-SBJ-1 terms) (VP are (VP fixed (NP *-1) (NP-TMP Oct. 31) (ADVP-TMP *T*-3)))))))))))))) .)) (TOP (NP (NP (NP GMAC Canada Ltd .) (PRN -LRB- (NP U.S. parent) -RRB-)) -- (NP (NP (QP 150 million) Canadian dollars) (PP of (NP (NP floating-rate notes) (ADJP due (NP-TMP November 1996)))) , (PP via (NP Banque Paribas Capital Markets Ltd))) .)) (TOP (S (NP-SBJ (NP Coupon) , (VP paid (NP *) (ADVP-TMP monthly)) ,) (VP is (NP-PRD one-month Canadian bankers acceptance rate)) .)) (TOP (NP (NP Guarantee) (PP by (NP General Motors Acceptance Corp)) .)) (TOP (FRAG (NP Call) (PP at (NP par)) (PP-TMP after (NP two years)) and (ADVP-TMP thereafter) (PP at (NP par)) (NP-TMP every six months) .)) (TOP (NP (NP Swedish Export Credit Corp.) -- (NP (NP (QP # 100 million) *U*) (PP of (NP (NP (ADJP 12 %) bonds) (ADJP due (NP-TMP June 15 , 1994 ,)) (VP priced (NP-2 *) (PP-CLR at (NP 101 5)) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP (NP 12.39 %) (PP *ICH*-1)) (ADVP-TMP annually) (PP-1 less (NP full fees)))))))) , (PP via (NP Samuel Montagu & Co))) .)) (TOP (NP (NP Fees) (NP 1 7) .)) (TOP (NP (NP (NP Skopbank) (PRN -LRB- (NP-LOC Finland) -RRB-)) -- (NP (NP (QP 10 billion) yen) (PP of (NP (NP (ADJP 5 3 %) bonds) (ADJP due (NP-TMP Nov. 20 , 1992)) , (VP priced (NP-1 *) (PP-CLR at (NP 101 3)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP (NP 5 3 %) (PP less (NP full fees))))))))) , (PP via (NP IBJ International))) .)) (TOP (NP (NP Fees) (NP 1 3) .)) (TOP (NP (NP (NP Hokkaido Takushoku Bank) (PRN -LRB- (NP-LOC Japan) -RRB-)) -- (NP (NP (QP 300 million) Swiss francs) (PP of (NP (NP notes and bonds) (ADJP due (NP-TMP March 31 , 1994 ,)) (PP with (NP (NP fixed (ADJP 0.375 %) coupon) (PP at (NP par)))))) (PP via (NP Swiss Bank Corp))) .)) (TOP (FRAG (NP Put option) (NP-TMP March 31 , 1992 ,) (PP at (NP 107 3)) (S-CLR (NP-SBJ *) (VP to (VP yield (NP a fixed 3.52 %)))) .)) (TOP (S (NP-SBJ The issue) (VP is (PP-PRD in (NP (NP two parts) : (NP (NP (NP (QP 200 million) Swiss francs) (PP of (NP (ADJP privately placed) notes))) , (NP (NP (QP 100 million) Swiss francs) (PP of (NP (ADJP publicly listed) bonds))))))) .)) (TOP (NP (NP Indentical conditions) (PP for (NP the two parts)) .)) (TOP (S (NP-SBJ-1 Other terms) (VP to (VP be (VP fixed (NP *-1) (NP-TMP Nov. 1)))) .)) (TOP (NP (NP (NP Kingdom) (PP of (NP Morocco))) -- (NP (NP (QP $ 208 million) *U*) (PRN -LRB- (NP redemption amount) -RRB-) (PP of (NP (NP (NP zero-coupon government trust certificates) , (PP with (NP (NP maturities) (VP stretching (PP-TMP (PP from (NP May 15 , 1990 ,)) (PP to (NP Nov. 15 , 1999 ,))))))) (VP priced (NP *) (PP-CLR at (NP (NP yields) (VP ranging (PP (PP from (NP 8.23 %)) (PP to (NP 8.43 %)))))))))) .)) (TOP (S (NP-SBJ-1 All the issues) (VP were (VP priced (NP *-1) (PP-CLR at (NP (NP a spread) (PP of (NP (NP 37 basis points) (PP above (NP (NP the Treasury strips) (PP with (NP similar maturities)))))))))) .)) (TOP (S (NP-SBJ (NP Proceeds) (PP from (NP the offering))) (VP are (NP-PRD (QP about $ 160.4 million) *U*)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Rated (ADJP triple-A (PP by (NP-LGS (NP Moody 's) and (NP S&P)))))) , (NP-SBJ-1 the issue) (VP will (VP be (VP sold (NP *-1) (PP through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS (NP BT Securities) , (NP (NP a subsidiary) (PP of (NP Bankers Trust New York Corp))))))))))) .)) (TOP (S (PP-TMP At (NP (NP a time) (SBAR (WHADVP-2 when) (S (NP-SBJ Jon Levy) (VP should (VP be (VP planning (NP (NP the biggest spring season) (PP in (NP (NP his dress company 's) 17 years))) (ADVP-TMP *T*-2)))))))) , (NP-SBJ-1 his work day) (VP is (VP studded (NP *-1) (PP-CLR with (NP (NP intense moments) (PP of (NP (NP concern) (PP about (NP (NP (NP one) (PP of (NP his biggest customers))) , (NP Campeau Corp))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ The dress business) (VP has (ADVP-TMP always) (VP been (NP-PRD a gamble)))) , but (S (NP-SBJ it) (VP 's (ADVP-TMP never) (VP been (PP-PRD like (NP this)))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Levy) , (NP (NP president) (PP of (NP (NP St. Gillian Group Ltd.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP become (NP-PRD a hot name) (ADVP thanks (PP to (NP (NP a campaign) (PP of (NP sexy TV commercials))))))))))))) .)) (TOP (S (NP-TMP Every day) , (NP-SBJ-2 Mr. Levy) (VP checks (NP (NP orders) (PP from (NP Campeau department store chains))) , (S-ADV (NP-SBJ-3 *-2) (VP trying (S (NP-SBJ *-3) (VP to (VP guess (SBAR-ADV if (S (NP-SBJ-1 he) (VP will (VP be (VP paid (NP *-1)))))))))))) .)) (TOP (S `` (NP-SBJ I) (VP 'm (ADVP-TMP now) (VP monitoring (NP every major account))) . '')) (TOP (S (NP-SBJ (NP Campeau) , (NP (NP owner) (PP of (NP (NP such retailers) (PP as (NP (NP Bloomingdale 's) , (NP Bon Marche) , and (NP Jordan Marsh)))))) ,) (VP sidestepped (NP financial collapse) (NP-TMP last month) (PP-TMP after (NP (NP an emergency (ADJP (QP $ 250 million) *U*) loan) (PP from (NP (NP Olympia & York Developments Ltd.) , (NP (NP a Canadian developer) and (NP (NP a major shareholder) (PP in (NP Campeau))))))))) .)) (TOP (S (NP-SBJ (NP The need) (PP for (NP the loan))) (VP surprised (NP (NP many analysts and bond holders) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP had (VP been (VP told (NP *-1) (PP-LOC at (NP (NP (NP the company 's) annual meeting) (PP-TMP in (NP July)))) (SBAR that (S (NP-SBJ there) (VP were n't (NP-PRD (NP any major problems) (ADVP-TMP ahead)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The risk) (PP of (S-NOM (NP-SBJ *) (VP doing (NP business) (PP with (NP (NP Campeau 's) Federated and Allied department store chains)))))) (VP is (ADJP-PRD about (S (NP-SBJ *-1) (VP to (VP increase (ADVP greatly) , (PP (CONJP not only) (PP for (NP Mr. Levy)) but (PP for (NP (NP hundreds) (PP of (NP other small apparel makers , button suppliers , trucking firms and fabric houses)))))))))) .)) (TOP (S (NP-TMP Next week) , (NP-SBJ-1 (NP the country 's) top designers and manufacturers) (VP will (VP begin (S (NP-SBJ *-1) (VP showing (NP (NP fashions) (PP for (NP (NP spring 1990) , (NP (NP the (ADJP second most important) selling season) (PP of (NP the year)))))))))) .)) (TOP (S And (SBAR-TMP as (S (NP-SBJ the applause) (VP dies (PRT down) (PP-LOC in (NP (NP showrooms) (PP-LOC along (NP (NP Seventh Avenue) and (NP Broadway)))))))) , (NP-SBJ-1 (ADJP stylishly clad) Campeau buyers) (VP will (VP begin (S (NP-SBJ *-1) (VP writing (NP orders))))) .)) (TOP (S (NP-SBJ-1 (NP Orders) (PP from (NP Campeau retailers))) (VP used (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP cause) (PP for (NP celebration))))))) .)) (TOP (S (NP-SBJ This) (VP is (ADVP-TMP no longer) (ADJP-PRD true) (PP-PRP because of (NP (NP Campeau 's) massive debt load))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD (NP all) (SBAR (WHNP-2 0) (S (NP-SBJ-3 anybody) (VP wants (S (NP-SBJ *-3) (VP to (VP talk (PP about (NP *T*-2))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Richard Posner) , (NP (NP executive vice president) (PP for (NP (NP Credit Exchange Inc.) , (NP a leading credit service))))) .)) (TOP (S `` (NP-SBJ People) (VP wonder (SBAR (WHNP what) (S (NP-SBJ-1 *) (VP 's (VP going (S (NP-SBJ *-1) (VP to (VP happen (ADVP next))))))))) . '')) (TOP (S (NP-SBJ Many manufacturers) (VP are (ADJP-PRD worried (PP about (S-NOM (NP-SBJ-1 *) (VP being (VP paid (NP *-1) (PP-CLR for (NP (NP merchandise) (VP (ADVP already) shipped (NP *) (PP-DIR to (NP Campeau stores))))))))))) .)) (TOP (S But (NP-SBJ (NP those dollars) (PP at (NP risk))) (VP pale (PP-CLR in (NP (NP comparison) (PP to (NP (NP the investment) (VP required (NP *) (S-PRP (NP-SBJ *) (VP to (VP (VP make (NP *RNR*-3)) and (VP ship (NP *RNR*-3) (PP-DIR *ICH*-4)) (NP-3 spring goods) (PP-DIR-4 to (NP Campeau stores))))))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ (NP The few million dollars) (SBAR (WHNP-3 0) (S (NP-SBJ I) (VP could (VP lose (NP *T*-3) (NP-TMP today)))))) (VP is (NP-PRD nothing) (PP against (SBAR-NOM (WHNP-2 what) (S (NP-SBJ I) (VP could (VP lose (NP *T*-2) (PP on (NP the spring line))))))))) , '' (VP says (S *T*-4)) (NP-SBJ (NP Mr. Levy) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP estimates (SBAR that (S (NP-SBJ Campeau stores) (VP will (VP sell (NP (NP (ADJP (QP $ 25 million) *U*) worth) (PP of (NP his clothes))) (NP-TMP this year))))))))) .)) (TOP (S `` (NP-SBJ I) (VP 'm (VP buying (NP fabric) (ADVP-TMP right now) (PP for (NP (NP clothes) (SBAR (WHNP-2 which) (S (NP-SBJ-1 I) (VP may not (VP be (VP paid (NP *-1) (PP-CLR for (NP *T*-2)) (PP-TMP until (NP April or May))))))))))) .)) (TOP (SBARQ (WHNP-1 What) (SQ (NP-SBJ *T*-1) (VP happens (PP to (NP me)) (SBAR-ADV if (S (NP-SBJ Campeau) (VP collapses (PP-TMP between (NP now and then))))))) ? '')) (TOP (S (NP-SBJ (NP Some credit concerns) , (PP such as (NP Bernard Sands Credit Consultants Inc.)) ,) (VP have (VP told (NP-1 clients) (S (NP-SBJ *-1) not (VP to (VP ship (NP anything) (PP-DIR to (NP Federated or Allied stores)) (PP-MNR on (NP credit))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP is (ADJP-PRD especially true (PP for (NP spring merchandise))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Jim Rindos) , (NP (NP credit manager) (PP-LOC at (NP Bernard Sands)))) .)) (TOP (S `` (NP-SBJ Campeau) (VP has (NP (ADJP too much) debt)) . '')) (TOP (S (NP-SBJ (NP Other credit houses) , (PP such as (NP (NP Credit Exchange) and (NP Solo Credit Service Corp.))) ,) (VP are (VP suggesting (SBAR that (S (NP-SBJ their clients) (VP study (NP each order) (PP-TMP before (NP shipping))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ Payments) (VP are (ADJP-PRD good) (ADVP-TMP right now))) , but (S (NP-SBJ we) (VP are n't (VP recommending (NP (NP any long-term lines) (PP of (NP credit))))))) , '' (VP says (S *T*-2)) (NP-SBJ-3 (NP Richard Hastings) , (NP a retail credit analyst) ,) (S-ADV (NP-SBJ *-3) (VP referring (PP-CLR to (NP (NP credit lines) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP make (S (NP-SBJ inventory purchases) (ADJP-PRD automatic))))))))) .)) (TOP (S `` (NP-SBJ The Campeau situation) (VP is (ADJP-PRD (ADJP (NP-ADV a little) uncertain) and (ADJP (ADJP very difficult) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP analyze (NP *T*-1)))))))) . '')) (TOP (S (PP-PRP Because of (NP those concerns)) , (NP-SBJ some manufacturers) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP will (VP ask (PP-CLR for (NP (NP letters) (PP of (NP credit)))) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP shipping (NP spring merchandise))))))))) .)) (TOP (SINV `` (S-TPC-4 (S (NP-SBJ-1 We) (VP 're (VP being (VP paid (NP *-1) (NP-TMP today))))) , but (S (NP-SBJ we) (VP (VP 're (ADJP-PRD worried (PP about (NP tomorrow)))) and (VP will (VP want '' (NP (NP letters) (PP of (NP credit)))))))) , (VP says (SBAR 0 (S *T*-4))) (NP-SBJ (NP the sales director) (PP-LOC at (NP (NP one major dress maker) (SBAR (WHNP-3 who) (S (NP-SBJ-5 *T*-3) (VP asked (S (NP-SBJ-2 *-5) not (VP to (VP be (VP identified (NP *-2))))))))))) .)) (TOP (S (NP-SBJ (NP Howard Bloom) , (NP (NP president) (PP of (NP the dress firm Chetta B Inc.))) ,) (VP says : `` (S (NP-SBJ It) (VP 's (NP-PRD big time chaos) (NP-TMP today)))) .)) (TOP (S (NP-SBJ-1 I) (VP 'm (VP going (S (NP-SBJ *-1) (VP to (VP (VP ship) and (VP hope (SBAR 0 (S (NP-SBJ-2 I) (VP get (VP paid (NP *-2))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 I) (VP need (S (NP-SBJ *-1) (VP to (VP ask (PP-CLR for (NP (NP money) (ADVP-LOC up front))) (ADVP-TMP later))))))) , (NP-SBJ I) (VP will (VP *?*)) . '')) (TOP (S (NP-SBJ (NP Carol Sanger) , (NP (NP vice president) , (NP corporate communications) (PP-LOC at (NP Campeau))) ,) (VP says (SBAR that (S (NP-SBJ (NP all) (PP of (NP the Federated and Allied chains))) (VP are (VP paying (NP their bills) (PP-MNR in (NP a timely manner))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 They) (VP (VP continue (S (NP-SBJ *-1) (VP to (VP pay (NP their bills))))) and (VP will (VP do (ADVP so))))) , '' (VP says (S *T*-2)) (NP-SBJ Ms. Sanger) .)) (TOP (S `` (NP-SBJ We) (VP 're (ADJP-PRD confident (SBAR 0 (S (NP-SBJ we) (VP 'll (VP be (VP paying (NP (NP our bills) (PP for (NP spring merchandise))) (ADVP as well)))))))) . '')) (TOP (S (ADVP Typically) , (NP-SBJ-1 manufacturers) (VP are (VP paid (NP *-1) (PP-TMP (NP 10 days) after (NP (NP the month) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ they) (VP ship (PP-TMP *T*-2)))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 goods) (VP are (VP shipped (NP *-1) (PP-DIR to (NP (NP Bloomingdale 's))) (PP-TMP between (NP (NP Oct. 1) and (NP Oct. 20))))))) , (NP-SBJ-3 manufacturers) (VP expect (S (NP-SBJ-2 *-3) (VP to (VP be (VP paid (NP *-2) (PP-TMP by (NP Nov. 10))))))) .)) (TOP (S But (NP-SBJ-1 (NP manufacturers) (VP (ADVP-TMP now) buying (NP fabric) (PP for (NP spring season goods)))) (VP wo n't (VP be (VP paid (NP *-1) (PP-TMP until (NP (NP March) , (NP April) or even (NP May)))))) .)) (TOP (S (NP-SBJ (NP Some) (PP-LOC in (NP the market))) (VP question (SBAR whether (S (NP-SBJ Campeau) (VP will (VP be (PP-LOC-PRD in (NP (NP a position) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP pay (NP bills) (ADVP-LOC *T*-1))))))) (PP-LOC at (NP that time))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Everybody) (VP is (ADJP-PRD worried (PP about (NP (NP the possibility) (PP of (NP cancellations))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Kurt Barnard) , (NP (NP publisher) (PP of (NP (NP Barnard 's) Retail Marketing Report)))) .)) (TOP (S `` (NP-SBJ (NP The buyers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP work (PP-CLR for (NP the various Campeau chains)))))) (VP may (VP lose (NP their jobs))) .)) (TOP (S (NP-SBJ-1 (NP The stores) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP work (PP-CLR for (NP *T*-2)))))) (VP may (VP be (VP sold (NP *-1)))) .)) (TOP (S (SBAR-SBJ (WHNP-1 What) (S (NP-SBJ that) (VP will (VP mean (NP *T*-1) (PP for (NP manufacturers)))))) (VP is (NP-PRD (NP anybody 's) guess)) . '')) (TOP (S (NP-SBJ-1 (NP Campeau 's) financial situation) (VP is (VP complicated (NP *-1) (PP by (NP-LGS (NP an estimated (QP $ 1.23 billion) *U*) (PP in (NP debt)) (ADJP due (NP-TMP next spring)))))) .)) (TOP (S (NP-SBJ This) (VP includes (NP (NP (NP a working capital facility) (PP for (NP (NP Allied Stores) (PP of (NP (QP $ 350 million) *U*)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP matures (NP-TMP March 15 , 1990))))) , and (NP (NP an (ADJP (QP $ 800 million) *U*) bridge loan) (ADJP due (NP-TMP April 30 , 1990))))) .)) (TOP (S (NP-SBJ The company) (VP has (VP stated (PP-LOC in (NP (ADJP recently filed) financial documents)) (SBAR that (S (NP-SBJ-1 it) (VP anticipates (S (NP-SBJ *-1) (VP refinancing (NP its March 1990 payments)))))))) .)) (TOP (S (PP-TMP In (NP recent months)) , (NP-SBJ (NP numerous retailers) (PP *ICH*-2)) (VP have (VP filed (PP-CLR for (NP Chapter 11 bankruptcy protection)) , (PP-2 including (NP (NP Bonwit Teller) , (NP B. Altman & Co.) , and (NP Miller & Rhoads Inc))))) .)) (TOP (S (NP-SBJ (NP Those filings) , plus (NP (NP the expected sale) (PP of (NP (NP a number) (PP of (NP (NP (ADJP financially healthy) chains) , (PP such as (NP (NP Saks Fifth Avenue) , (NP Marshall Field 's) and (NP Bloomingdale 's)))))))) ,) (VP have (VP added (PP-CLR to (NP the anxiety)))) .)) (TOP (SINV `` (S-TPC-1 (ADVP-TMP Right now) , (NP-SBJ Federated) (VP owes (NP us) (NP (NP a considerable amount) (PP of (NP money))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Morris Marmalstein) , (NP (NP president) (PP of (NP (NP David Warren Enterprises) , (NP a major dress manufacturer))))) .)) (TOP (S `` (S (NP-SBJ We) (VP expect (SBAR 0 (S (NP-SBJ they) (VP will (VP be (ADJP-PRD current (PP with (NP their debts))) (PP-TMP by (NP (NP the end) (PP of (NP the week)))))))))) , but (S (NP-SBJ-1 we) (VP are (VP considering (S (NP-SBJ *-1) (VP asking (NP them) (PP-CLR for (NP (NP letters) (PP of (NP credit)))) (SBAR-TMP before (S (NP-SBJ we) (VP take (NP more orders))))))))) . '')) (TOP (S (NP-SBJ Mr. Marmalstein) (VP adds (SBAR that (S (NP-SBJ his company) (VP is (ADVP-TMP now) (VP holding (NP some goods) (PP in (NP (NP anticipation) (PP of (S-NOM (NP-SBJ-1 *) (VP being (VP paid (NP *-1) (PP in (ADJP full))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (VP become (NP-PRD a day-by-day business)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ Business) (VP has (ADVP-TMP never) (VP been (ADJP-PRD this tough) (ADVP-TMP before))) .)) (TOP (S (SINV (CONJP Not only) does (NP-SBJ-1 your product) (VP have (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD excellent)))))) , but (S (NP-SBJ-2 you) (ADVP also) (VP have (S (NP-SBJ-3 *-2) (VP to (VP be (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP collect))))))))) . '')) (TOP (S (NP-SBJ Other manufacturers) (VP are (ADJP-PRD equally cautious)) .)) (TOP (S (NP-SBJ (NP Bud Konheim) , (NP (NP president) (PP of (NP Nicole Miller Inc.))) ,) (VP says (SBAR 0 (S (NP-SBJ his company) (VP is (ADVP-TMP now) (VP shipping (PP-DIR (ADVP only) to (NP (NP the flagship stores) (PP of (NP the Federated and Allied chains))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ This) (VP limits (NP his financial exposure))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The branches) (VP are (NP-PRD just (ADJP warmed over) , empty halls))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Konheim) .)) (TOP (SBARQ `` (WHADVP-1 Why) (SQ should (NP-SBJ I) (VP be (NP-PRD (NP part) (PP of (NP that problem))) (ADVP-PRP *T*-1))) ?)) (TOP (S (S (NP-SBJ I) (VP 've (VP got (NP limited production)))) , and (S (NP-SBJ I) (VP ca n't (VP give (NP it) (PP-DTV to (NP underperformers))))) . '')) (TOP (S (NP-SBJ (NP Campeau 's) Ms. Sanger) (VP disputes (NP (NP Mr. Konheim 's) comments)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP Many) (PP of (NP the branches))) (VP are (ADJP-PRD very lucrative))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ That) (VP 's (ADVP just) (NP-PRD nonsense)) . '')) (TOP (S (PP As (PP for (NP (NP Mr. Levy) (PP-LOC at (NP St. Gillian))))) , (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ he) (VP will (VP maintain (NP (NP his credit lines) (PP with (NP the various Campeau stores))) (SBAR-ADV unless (S (NP-SBJ they) (VP miss (NP a payment))))))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ they) (VP slip (PP for (NP 10 cents)) (PP-TMP for (NP 10 minutes))))) , (NP-SBJ I) (VP 'll (VP stop))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Bethlehem Steel Corp.) , (VP hammered (NP *) (PP by (NP-LGS (NP higher costs) and (NP (NP lower shipments) (PP to (NP key automotive and service-center customers)))))) ,) (VP posted (NP (NP a (ADJP 54 %) drop) (PP-LOC in (NP third-quarter profit)))) .)) (TOP (S (ADVP Separately) , (NP-SBJ (NP (NP two more) (PP of (NP (NP the nation 's) top steelmakers))) -- (NP (NP Armco Inc.) and (NP National Intergroup Inc.)) --) (VP reported (NP (NP lower operating earnings) (PP-LOC in (NP their steel businesses))) , (S-ADV (NP-SBJ *) (VP marking (SBAR (WHNP-1 what) (S (NP-SBJ-2 *T*-1) (VP is (ADVP generally) (VP believed (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP the end) (PP of (NP (NP a two-year boom) (PP-LOC in (NP the industry))))))))))))))) .)) (TOP (S (NP-SBJ Wall Street analysts) (VP expect (S (NP-SBJ the disappointing trend) (VP to (VP continue (PP-TMP (PP into (NP the fourth quarter)) and (PP through (NP (NP (ADVP at least) the first two quarters) (PP of (NP 1990)) , (SBAR (WHADVP-1 when) (S (NP-SBJ the industry) (VP will (ADVP increasingly) (VP see (NP (NP the effect) (PP of (NP (NP price erosion) (PP-LOC in (NP (NP major product lines) , (PP such as (NP (NP rolled sheet) (VP used (NP *) (PP-CLR for (NP (NP cars) , (NP appliances) and (NP construction))))))))))) (ADVP-TMP *T*-1)))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP does n't (VP bode (ADVP-CLR well) (PP-CLR for (NP coming quarters))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP John Jacobson) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP follows (NP the steel industry) (PP for (NP AUS Consultants)))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ he) (VP thinks (SBAR 0 (S (NP-SBJ several steelmakers) (VP will (VP report (NP actual losses) (PP-TMP through (NP (NP the third quarter) (PP of (NP 1990))))))))) .)) (TOP (S (NP-SBJ (NP Bethlehem) , (NP (NP the nation 's) (ADJP second largest) steelmaker) ,) (VP earned (NP (NP (QP $ 46.9 million) *U*) , or (NP (NP 54 cents) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ The figures) (VP include (NP (NP (NP (QP $ 15 million) *U*) (PP-LOC in (NP (NP costs) (VP related (NP *) (PP-CLR to (NP a blast furnace outage)))))) and (NP (NP (QP $ 8 million) *U*) (PP in (NP (NP losses) (PP from (NP (NP unauthorized work outages) (PP-LOC at (NP (NP the company 's) coal operations))))))))) .)) (TOP (S (PP-TMP In (NP the year-ago period)) , (NP-SBJ Bethlehem) (VP earned (NP (NP (NP (QP $ 101.4 million) *U*) , or (NP (NP $ 1.27 *U*) (NP-ADV a share))) , (PP including (NP (NP a (ADJP (QP $ 3.8 million) *U*) gain) (PP from (NP (NP early retirement) (PP of (NP debt)))))))) .)) (TOP (S (NP-SBJ Third-quarter sales) (VP dropped (NP-ADV 11 %) (PP-DIR to (NP (QP $ 1.27 billion) *U*)) (PP-DIR from (NP (NP (QP $ 1.43 billion) *U*) (ADVP-TMP (NP a year) ago)))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ Bethlehem shares) (VP rose (NP-EXT 50 cents) (PP-DIR to (NP $ 17.375 *U*))) .)) (TOP (S (PP Of (NP all the major steelmakers)) , (NP-SBJ-1 Bethlehem) (VP would (VP seem (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the (ADJP most vulnerable)) (PP to (NP a slowdown)))))))) .)) (TOP (S (S (NP-SBJ It) (VP has n't (VP diversified (PP beyond (NP steel))))) , nor (SINV has (NP-SBJ it) (VP linked (PRT up) (PP-CLR with (NP a joint venture partner)) (S-PRP (NP-SBJ *) (VP to (VP share (NP costs and risks)))))) .)) (TOP (SINV (S-TPC-1 (ADVP However) , (PP in (NP (NP spite) (PP of (NP (NP the difficult industrywide environment) (PP of (NP (NP high cost) and (NP low volume))))))) , (NP-SBJ Bethlehem) `` (VP had (NP (ADJP pretty good) earnings numbers))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Michelle Galanter Applebaum) , (NP (NP an analyst) (PP with (NP Salomon Brothers Inc)))) .)) (TOP (S (NP-SBJ Ms. Applebaum) (VP (VP had (NP (NP estimated third-quarter earnings) (PP of (NP (NP 55 cents) (NP-ADV a share))))) , but (VP said (SBAR 0 (S (NP-SBJ (NP the losses) (PP for (NP the unusual items))) (VP were (ADJP-PRD (ADJP larger) (SBAR than (S (NP-SBJ *?*) (VP expected))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP Bethlehem 's) core basic steel operations) (VP experienced (NP (NP a steep drop) (PP-LOC in (NP operating profit)) (PP-DIR to (NP (QP $ 58.6 million) *U*)) (PP-DIR from (NP (NP (QP $ 186.4 million) *U*) (NP-TMP (ADVP (NP a year) ago) , (SBAR (WHADVP-1 when) (S (NP-SBJ the industry) (VP enjoyed (NP strong demand and pricing) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ its shipments) (VP declined (PP-PRP as (NP (NP a result) (PP of (NP (NP (NP a reduction) (PP in (NP inventories)) (PP by (NP service centers))) , (NP a lackluster automotive market) and (NP (NP increasing competitive pressures) (PP-LOC in (NP the construction market))))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 production costs) , (PP compared (PP with (ADVP-TMP (NP a year) ago))) , (VP were (VP boosted (NP *-1) (PP by (NP-LGS (NP higher raw material and employment costs) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP resulted (PP-CLR from (NP (NP (NP the company 's) new labor pact) (ADJP effective (NP-TMP June 1))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ We) (VP anticipate (SBAR that (S (NP-SBJ steel market conditions) (VP will (VP exhibit (NP a further moderate decline) (PP-TMP in (NP the fourth quarter)))))) (SBAR-PRP as (S (S (NP-SBJ the automotive sector) (VP remains (ADJP-PRD weak))) and (S (NP-SBJ-1 customers) (VP continue (S (NP-SBJ *-1) (VP to (VP adjust (NP inventories)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ Bethlehem Chairman Walter F. Williams) .)) (TOP (S (NP-SBJ He) (VP noted , (ADVP however) , (SBAR that (S (NP-SBJ (NP the company 's) order entry) (VP has (VP increased (PP from (NP (NP the low levels) (PP of (NP the early summer)))) , (PP-TMP following (NP (NP the end) (PP of (NP labor negotiations))))))))) .)) (TOP (S (NP-SBJ (NP Armco) , (VP hampered (NP *) (PP by (NP-LGS (NP lower volume) (PP-LOC in (NP its specialty steel business))))) ,) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP dropped (NP-EXT 8 %) (PP-DIR to (NP (NP (QP $ 33 million) *U*) , or (NP (NP 35 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 36 million) *U*) , or (NP (NP 39 cents) (NP-ADV a share)) (PP-TMP in (NP the year-ago quarter)))))))) .)) (TOP (S (NP-SBJ Sales) (VP dropped (PP-DIR to (NP (QP $ 441.1 million) *U*)) (PP-DIR from (NP (QP $ 820.4 million) *U*)) , (SBAR-PRP because (S (NP-SBJ the company) (ADVP no longer) (VP consolidates (NP (NP its Eastern Steel division) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADVP-TMP now) (NP-PRD (NP a joint venture) (PP with (NP Kawasaki Steel Corp))))))))))) .)) (TOP (S (PP Along (PP with (NP reduced volume))) , (NP-SBJ analysts) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the nation 's) (ADJP fifth largest) steelmaker) (VP was (VP hurt (NP *-1) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP holding (NP higher-cost inventory) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP raw material costs) (PP of (NP (NP such key products) (PP as (NP nickel))))) (VP dropped (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ Operating profit) (VP dropped (NP-EXT 46 %) (PP-LOC in (NP its specialty flat-rolled steel segment))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-1 (NP higher sales and shipments) (PP to (NP service centers)) (PP from (NP its Armco Steel Co. joint venture))) (VP failed (S (NP-SBJ *-1) (VP to (VP offset (NP (NP (NP weakness) (PP-LOC in (NP the automotive market))) , (NP higher production costs) and (NP a poorer product mix))))))))) .)) (TOP (S (NP-SBJ-1 Armco shares) (VP closed (S-ADV (NP-SBJ *-1) (ADJP-PRD unchanged)) (PP-CLR at (NP $ 10.625 *U*)) (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange))))) .)) (TOP (S (NP-SBJ (NP National Intergroup) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP 50 %) (PP of (NP (NP (NP the nation 's) (ADJP sixth largest) steelmaker) -- (NP National Steel Corp.) --))))))) (VP posted (NP (NP net income) (PP for (NP the fiscal second-quarter)) (PP of (NP (NP (QP $ 8.6 million) *U*) , or (NP (NP 33 cents) (NP-ADV a share))))) , (PP compared (PP with (NP (NP a net loss) (PP of (NP (QP $ 50.3 million) *U*)))))) .)) (TOP (S (NP-SBJ Sales) (VP increased (PP-TMP in (NP (NP the quarter) (VP ended (NP *) (NP-TMP-CLR Sept. 30)))) (PP-DIR to (NP (QP $ 747.8 million) *U*)) (PP-DIR from (NP (NP (QP $ 623.5 million) *U*) (ADVP-TMP (NP a year) ago)))) .)) (TOP (S (NP-SBJ The latest period) (VP includes (NP (NP gains) (PP of (NP (QP $ 9.1 million) *U*)) (PP from (NP (NP (NP early retirement) (PP of (NP debt))) and (NP tax loss carry-forward))))) .)) (TOP (S (NP-SBJ-1 (NP Last year 's) results) (VP were (VP hurt (NP *-1) (PP by (NP-LGS (NP (QP $ 41.3 million) *U*) (PP-LOC in (NP restructuring charges)))))) .)) (TOP (S (NP-SBJ-1 National Intergroup stock) (VP closed (PP-CLR at (NP $ 15 *U*)) , (S-ADV (NP-SBJ *-1) (ADJP-PRD unchanged)) (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange))))) .)) (TOP (S (NP-SBJ The company) (VP noted (SBAR that (S (NP-SBJ its (NX (NX Fox-Meyer Drug Co.) , (NX Ben Franklin Stores Inc.) and (NX Permian Corp. operations))) (VP showed (NP improvements) (PP-PRP as (NP (NP a result) (PP of (NP restructuring moves)))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP its equity) (PP in (NP (NP the net income) (PP of (NP National Steel))))) (VP declined (PP-DIR to (NP (QP $ 6.3 million) *U*)) (PP-DIR from (NP (QP $ 10.9 million) *U*)) (PP-PRP as (NP (NP a result) (PP of (NP (NP (NP softer demand) and (NP lost orders)) (PP-TMP following (NP (NP prolonged labor talks) and (NP a threatened strike)))))))) .)) (TOP (S (NP-SBJ-1 National Intergroup) (VP is (VP negotiating (PP-CLR for (NP (NP the sale) (PP of (NP (NP its (ADJP 50 %) interest) (PP-LOC in (NP National Steel)))))) (S-PRP (NP-SBJ *-1) (VP to (VP concentrate (ADVP more fully) (PP-CLR on (NP drug distribution operations))))))) .)) (TOP (S (NP-SBJ International Business Machines Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP let (S (NP-SBJ Motorola Inc.) (VP participate (PP-CLR in (NP a semiconductor research project))))))) (PP as (NP (NP part) (PP of (NP its effort (S (NP-SBJ *) (VP to (VP bolster (NP the U.S. semiconductor industry)))))))))))) .)) (TOP (S (NP-SBJ (NP IBM) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP made (NP the announcement) (PP-LOC at (NP (NP the dedication) (PP of (NP (NP a research center) (ADVP-LOC here)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP invited (NP-1 (NP many other companies) (PP *ICH*-3)) (S (NP-SBJ *-1) (VP to (VP participate))) (ADVP as well) , (PP-3 including (NP (NP some) (PP from (NP Europe)))))))) .)) (TOP (S (NP-SBJ-2 (NP Jack Kuehler) , (NP (NP IBM 's) president) ,) (VP (VP said (SBAR 0 (S (NP-SBJ-1 IBM) (VP is (ADVP also) (VP considering (S (NP-SBJ *-1) (VP letting (S (NP-SBJ other companies) (VP participate (PP-CLR in (NP additional semiconductor work))))))))))) but (VP declined (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD more specific)))))) .)) (TOP (S (NP-SBJ (NP IBM) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP said (ADVP-TMP (NP a year) ago) (SBAR 0 (S (NP-SBJ it) (VP was (VP inviting (NP-3 companies) (S (NP-SBJ *-3) (VP to (VP participate (PP-CLR in (NP some semiconductor work)))))))))))) ,) (VP has (VP become (ADJP-PRD (ADVP far more) open (PP about (NP its technology))) (SBAR-TMP as (S (NP-SBJ-4 it) (VP has (VP tried (S (NP-SBJ *-4) (VP to (VP rally (NP-5 U.S. industry) (S-PRP-CLR (NP-SBJ *-5) (VP to (VP head (PRT off) (NP (NP the Japanese) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (ADVP-TMP now) (VP dominate (NP (NP the market) (PP for (NP dynamic random access memory chips))))))))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP IBM) , (NP-LOC (NP Armonk) , (NP N.Y.) ,)) (VP makes (NP (NP the bulk) (PP of (NP (NP the DRAMs) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP uses (NP *T*-1)))))))))) , (NP-SBJ it) (VP does n't (VP make (NP (NP the equipment) (VP needed (NP *) (S-CLR (NP-SBJ *) (VP to (VP produce (NP those chips)))))))) .)) (TOP (S And (NP-SBJ IBM) (VP worries (SBAR that (S (NP-SBJ the Japanese) (VP will (VP take (PRT over) (NP that equipment market) , (ADVP too) , (SBAR-ADV unless (S (NP-SBJ U.S. semiconductor companies) (VP produce (NP (NP enough memory chips) (SBAR *ICH*-2)) (ADVP-LOC here) (SBAR-2 (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP keep (S (NP-SBJ U.S. equipment makers) (ADJP-PRD healthy)))))))))))))) .)) (TOP (S-2 (NP-SBJ (NP Failure) (PP of (NP U.S. equipment makers))) (PRN , (S (NP-SBJ IBM) (VP fears (SBAR 0 (S *T*-2)))) ,) (VP would (VP leave (S (NP-SBJ it) (ADJP-PRD dependent (PP on (NP (NP many) (PP of (NP (NP the Japanese companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP compete (PP-CLR with (NP it)) (PP-LOC in (NP (NP other parts) (PP of (NP the market))))))))))))))) .)) (TOP (S (NP-SBJ IBM) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP expects (S (NP-SBJ *-2) (VP to (VP benefit (PP-CLR from (NP (NP the expertise) (SBAR (WHNP-1 that) (S (NP-SBJ (NP Motorola) and (NP other companies)) (VP can (VP bring (NP *T*-1) (S-CLR (NP-SBJ *) (VP to (VP bear (PP-CLR on (NP (NP the difficult problems) (VP involved (NP *) (PP-LOC in (NP semiconductor manufacturing))))))))))))))))))))) .)) (TOP (S (NP-SBJ IBM) (ADVP already) (VP participates (PP-CLR in (NP one industrywide effort (S (NP-SBJ *) (VP to (VP improve (NP semiconductor-manufacturing techniques))))))) .)) (TOP (S (NP-SBJ IBM) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ industrywide efforts) (VP to (VP become (ADJP-PRD prevalent)))) (SBAR-PRP because (S (NP-SBJ semiconductor manufacturing) (VP has (VP become (ADJP-PRD so expensive))))))))) .)) (TOP (S (NP-SBJ A state-of-the-art plant) (VP (VP cost (NP (QP $ 40 million) *U*) (PP-TMP in (NP the mid-1970s))) but (VP costs (NP (QP $ 500 million) *U*) (NP-TMP today) (SBAR-TMP because (S (NP-SBJ the technology) (VP is (ADJP-PRD so complex)))))) .)) (TOP (S And (NP-SBJ IBM) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ-1 the costs) (VP to (VP continue (S (NP-SBJ *-1) (VP climbing))))))))) .)) (TOP (S (NP-SBJ (NP IBM) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ Motorola) (VP is (VP paying (NP just a nominal fee) (S-PRP (NP-SBJ *) (VP to (VP cover (NP the 21-month agreement))))))))))) ,) (VP acknowledged (SBAR 0 (S (NP-SBJ some companies) (VP had (VP turned (PRT down) (NP its invitation (S (NP-SBJ *) (VP to (VP join (PRT in)))))))))) .)) (TOP (S But (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ that) (VP was (SBAR-PRP-PRD (ADVP mainly) because (S (NP-SBJ the project) (VP may not (VP bear (NP fruit) (PP-TMP until (NP the mid-1990s)))))))))) .)) (TOP (S (NP-SBJ IBM) (VP said (SBAR 0 (S (NP-SBJ it) (VP thought (SBAR 0 (S (NP-SBJ more companies) (VP would (VP become (ADJP-PRD interested) (SBAR-TMP as (S (NP-SBJ the project) (VP progresses))))))))))) .)) (TOP (S (NP-SBJ (NP The project) (VP involving (NP Motorola))) (VP concerns (NP (NP a technique) , (VP called (S (NP-SBJ *) (NP-PRD X-ray lithography))) , (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP figures (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD crucial (PP to (NP (NP future generations) (PP of (NP memory chips))))))))))))) .)) (TOP (S (ADVP-TMP Currently) , (NP-SBJ-1 chips) (VP are (VP produced (NP *-1) (PP-MNR by (S-NOM (NP-SBJ *) (VP shining (NP light) (PP-DIR through (NP a mask)) (S-PRP (NP-SBJ *) (VP to (VP produce (NP an image) (PP-LOC on (NP the chip)) , (SBAR-MNR (ADVP much) as (S (NP-SBJ a camera) (VP produces (NP an image) (PP-LOC on (NP film))))))))))))) .)) (TOP (S But (S (NP-SBJ (NP details) (PP on (NP chips))) (VP must (ADVP-TMP now) (VP be (ADJP-PRD extraordinarily fine)))) , and (S (NP-SBJ (NP the wavelengths) (PP of (NP even ultraviolet light))) (VP are (ADJP-PRD long enough (SBAR so that (S (NP-SBJ (NP the images) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP draw (NP *T*-1))))) (VP may (VP be (ADJP-PRD too blurry)))))) -- (SBAR-ADV (ADVP much) as (S (NP-SBJ (NP someone) (VP using (NP a wide paintbrush))) (VP (VP could (VP produce (NP a broad line))) but (VP would (VP have (NP (NP trouble) (S-NOM (NP-SBJ *) (VP painting (NP a thin one))))))))))) .)) (TOP (S (NP-SBJ X-rays) , (PP by (NP contrast)) , (VP (VP travel (ADVP-MNR straighter)) and (VP can (VP be (VP focused (ADVP-MNR (ADVP more tightly) (PP than (NP light))))))) .)) (TOP (S (NP-SBJ X-rays) (VP have (NP problems) , (ADVP too)) .)) (TOP (S (NP-SBJ They) (VP (VP can (VP make (S (NP-SBJ the masks) (ADJP-PRD brittle)))) and (VP can (VP pass (PP-DIR through (NP (NP material) (SBAR (WHNP 0) (S (NP-SBJ-1 they) (VP 're not (VP supposed (S (NP-SBJ *-1) (VP to (VP *?*)))))))))))) .)) (TOP (S But , (S-ADV (NP-SBJ *) (VP assuming (SBAR 0 (S (NP-SBJ-1 those problems) (VP can (VP be (VP overcome (NP *-1)))))))) , (NP-SBJ they) (VP should (VP allow (PP-CLR for (NP (NP memory chips) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP could (VP approach (NP (NP (NP one billion bits) (PP of (NP information))) -- (NP (NP (NP (QP 250 times) as much) (SBAR as (S (NP-SBJ-2 *?*) (VP is (VP contained (NP *-2) (PP-CLR in (NP (NP the four-megabit chips) (SBAR (WHNP-4 that) (S (NP-SBJ *T*-4) (VP are (ADVP just) (VP reaching (NP the market)))))))))))) and (NP (NP (QP a million times)) (SBAR-NOM (WHNP-5 what) (S (NP-SBJ *T*-5) (VP was (ADJP-PRD possible) (PP-TMP in (NP the mid-1970s)))))))))))))))) .)) (TOP (S (NP-SBJ Allied-Signal Aerospace Co.) (VP received (NP a (ADJP (QP $ 65 million) *U*) contract (S (NP-SBJ *) (VP to (VP outfit (NP (NP Continental Airlines ') 393 planes) (PP-CLR with (NP the Bendix/King Traffic Alert and Collision Avoidance System))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The airborne system) (VP operates (S-MNR (NP-SBJ *-1) (ADJP-PRD independent (PP of (NP ground-based radar systems)))) , (S-ADV (NP-SBJ *-1) (VP informing (NP pilots) (PP-CLR of (NP nearby aircraft)))))) , (NP-SBJ Allied-Signal) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The system) (ADVP also) (VP provides (NP course-correction advisories)) .)) (TOP (S (NP-SBJ Allied-Signal) (VP is (NP-PRD (NP a unit) (PP of (NP (NP Allied-Signal Inc.) , (NP (NP a manufacturer) (PP with (NP (NP interests) (PP in (NP (NP aerospace) , (NP automotive products) and (NP engineered materials)))))))))) .)) (TOP (S (NP-SBJ Continental Airlines) (VP is (NP-PRD (NP a unit) (PP of (NP (NP Texas Air Corp.) , (NP-LOC Houston))))) .)) (TOP (S (PP-LOC In (NP (NP a stunning shift) (PP in (NP direction)))) , (NP-SBJ Provigo Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP sell (NP all its non-food operations) (S-PRP (NP-SBJ *-1) (VP to (VP concentrate (PP (ADVP solely) on (NP its (ADJP retail and wholesale) grocery business)))))))))) .)) (TOP (S (NP-SBJ The non-food operations) (VP accounted (PP-CLR for (NP (NP (QP about 27) %) (PP of (NP (NP (NP Provigo 's) (QP 7.38 billion) Canadian dollars) (PRN -LRB- (NP (QP US$ 6.3 billion) *U*) -RRB-) (PP in (NP sales)))))) (PP-TMP in (NP the latest fiscal year))) .)) (TOP (S (PP-LOC In (NP a related move)) , (NP-SBJ (NP Pierre Lortie) , (NP (NP chairman) and (NP chief executive)) ,) (VP resigned) .)) (TOP (S (NP-SBJ Mr. Lortie) (VP (VP joined (NP Provigo) (PP-TMP in (NP 1985))) and (VP spearheaded (NP (NP the company 's) drive (S (NP-SBJ *) (VP to (VP grow (PP-DIR outside (NP its traditional food business)))))))) .)) (TOP (S (NP-SBJ-1 He) (VP could n't (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-SBJ (NP Bertin Nadeau) , (VP (ADVP newly) appointed (NP (NP chairman and interim chief executive) (PP of (NP Provigo)))) ,) (VP would n't (VP say (SBAR if (S (NP-SBJ-1 Mr. Lortie) (VP was (VP asked (S (NP-SBJ *-1) (VP to (VP leave))))))))) .)) (TOP (S-1 `` (NP-SBJ Mr. Lortie) (VP felt (ADJP-PRD less pertinent) (PRN , '' (S (NP-SBJ Mr. Nadeau) (VP said (SBAR 0 (S *T*-1))))) , (PP given (NP the decision (S (NP-SBJ *) (VP to (VP dump (NP (NP Provigo 's) non-food operations))))))) .)) (TOP (S `` (PP-PRP At (NP this stage)) (NP-SBJ it) (VP was (VP felt (SBAR 0 (S (NP-SBJ I) (VP was (ADVP perhaps) (ADJP-PRD more pertinent) (PP as (NP chief executive))))))) . '')) (TOP (S (NP-SBJ Mr. Nadeau) (ADVP also) (VP is (NP-PRD (NP chairman and chief executive) (PP of (NP (NP Unigesco Inc.) , (NP (NP Provigo 's) controlling shareholder))))) .)) (TOP (S (PP-LOC At (NP a news conference)) , (NP-SBJ Mr. Nadeau) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the sale) (PP of (NP (NP the three non-food businesses) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP account (PP-CLR for (NP (NP (QP nearly half) (NP the company 's) (QP C$ 900 million) *U*) (PP in (NP assets))))))) ,))) (VP should (VP be (VP completed (NP *-1) (PP-TMP in (NP (NP a `` matter) (PP of (NP months)))))))))) . '')) (TOP (S (NP-SBJ The three units) (VP are (NP-PRD (NP a nationwide (UCP pharmaceutical and health-products) distributor) , (NP a small sporting-goods chain) , and (NP a combination catalog showroom and toy-store chain))) .)) (TOP (S (NP-SBJ Investors and analysts) (VP applauded (NP the news)) .)) (TOP (S (NP-SBJ Provigo) (VP was (NP-PRD (NP the (ADJP most active) industrial stock) (PP-LOC on (NP (NP the Montreal Exchange) , (SBAR (WHADVP-1 where) (S (NP-SBJ it) (VP closed (PP-CLR at (NP (NP (NP C$ 9.75 *U*) -LRB- (NP US$ 8.32 *U*) -RRB-) , (ADVP up (NP 75 Canadian cents)))) (ADVP-LOC *T*-1)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD a (ADJP pretty positive) development)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Ross Cowan) , (NP (NP a financial analyst) (PP with (NP Levesque Beaubien Geoffrion Inc.)))) , (PP-CLR of (NP the decision (S (NP-SBJ *) (VP to (VP concentrate (PP-CLR on (NP groceries))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Lortie 's) departure) , (SBAR while (FRAG (ADJP sudden))) , (VP was (VP seen (NP *-1) (PP-CLR as (ADJP inevitable)) (PP in (NP (NP light) (PP of (NP (NP the shift) (PP in (NP strategy)))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ The non-food operations) (VP were (NP-PRD (ADVP largely) (NP Mr. Lortie 's) creation))) -LCB- and -RCB- (S (NP-SBJ his strategy) (VP did n't (NP work)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Steven Holt) , (NP (NP a financial analyst) (PP with (NP Midland Doherty Ltd)))) .)) (TOP (S (NP-SBJ (NP (NP Provigo 's) profit record) (PP over (NP the past two years))) (VP tarnished (NP (NP (NP the company 's) and (NP Mr. Lortie 's)) reputations)) .)) (TOP (S (PP-TMP For (NP (NP the six months) (VP ended (NP *) (NP-TMP-CLR Aug. 12)))) , (NP-SBJ Provigo) (VP posted (NP (NP net income) (PP of (NP (NP (QP C$ 6.5 million) *U*) , or (NP (NP eight Canadian cents) (NP-ADV a share))))) , (PP compared (PP with (NP (NP (QP C$ 18.1 million) *U*) , or (NP (NP (NP 21 Canadian cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ Sales) (VP were (NP-PRD (QP C$ 4.2 billion) *U*) (PP compared (PP with (NP (QP C$ 3.7 billion) *U*)))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ Canadian Bond Rating Service) (VP downgraded (NP (NP Provigo 's) commercial paper and debentures) (PP-PRP because of (NP its lackluster performance))) .)) (TOP (S (NP-SBJ Analysts) (VP (VP are (ADJP-PRD skeptical (SBAR 0 (S (NP-SBJ-1 Provigo) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP sell (NP the non-food businesses) (PP-MNR as (NP a group)) (PP-CLR for (NP (ADVP at least) book value)))))))))))) , and (VP are (VP expecting (NP write-downs)))) .)) (TOP (S (NP-SBJ Mr. Nadeau) (VP said (SBAR 0 (S (NP-SBJ he) (VP could n't (ADVP yet) (VP say (SBAR if (S (NP-SBJ the sale prices) (VP would (VP match (NP book values)))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ all three non-food operations) (VP are (ADJP-PRD profitable))))) .)) (TOP (S (NP-SBJ Mr. Nadeau) (VP said (SBAR 0 (S (NP-SBJ (NP discussions) (PP *ICH*-1)) (VP are (ADVP-PRD under way) (PP-1 with (NP (NP potential purchasers) (PP of (NP (NP each) (PP of (NP the units)))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP declined (S (NP-SBJ *-1) (VP to (VP confirm or deny (NP reports (SBAR that (S (NP-SBJ-2 Provigo executive Henri Roy) (VP is (VP trying (S (NP-SBJ *-2) (VP to (VP put (PRT together) (NP (NP a management buy-out) (PP of (NP the catalogue showroom unit))))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Roy) (VP could n't (VP be (VP reached (NP *-1)))) .)) (TOP (S (NP-SBJ-1 Yvon Bussieres) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP (NP senior executive vice president) and (NP chief operating officer)) (PP of (NP Provigo))) , (NP a new position))))) .)) (TOP (S (NP-SBJ Mr. Bussieres) (VP was (NP-PRD (NP (NP president) and (NP chief operating officer)) (PP of (NP (NP Provigo 's) Quebec (ADJP retail and wholesale) grocery unit)))) .)) (TOP (S (NP-SBJ Mr. Nadeau) (VP said (SBAR 0 (S (NP-SBJ-3 he) (VP intends (S (NP-SBJ *-3) (VP to (VP remain (NP-PRD (NP Provigo 's) chief executive) (SBAR-TMP only until (S (NP-SBJ-1 the non-food businesses) (VP are (VP sold (NP *-1) , (SBAR-ADV (WHPP-4 after (WHNP a which)) (S (NP-SBJ-2 a new chief executive) (VP will (VP be (VP named (NP *-2) (PP-TMP *T*-4))))))))))))))))) .)) (TOP (S (S (NP-SBJ (NP Comments) (PP by (NP Federal Reserve Board Chairman Alan Greenspan))) (VP lent (NP some support) (PP-DTV to (NP the dollar)))) , but (S (NP-SBJ the U.S. unit) (VP ended (NP-TMP yesterday) (ADVP-CLR lower (PP against (NP most major currencies))))) .)) (TOP (S (NP-SBJ Foreign-exchange dealers) (VP (VP noted (SBAR that (S (NP-SBJ (NP the impact) (PP of (NP (NP the chairman 's) remarks))) (VP was (ADJP-PRD slight))))) and (VP warned (SBAR that (S (NP-SBJ the currency) (VP remains (ADJP-PRD sensitive (PP to (NP (NP developments) (PP-LOC on (NP Wall Street)))))))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR that (S (NP-SBJ-2 (NP Mr. Greenspan) , (SBAR (WHNP-1 whose statements) (S (NP-SBJ *T*-1) (VP are (ADVP ordinarily) (ADJP-PRD cautious)))) ,) (VP was (ADJP-PRD especially careful (S (NP-SBJ *-2) (VP to (VP avoid (NP any jarring proclamations))))) , (PP with (S-NOM (NP-SBJ (NP fears) (PP about (NP equities))) (ADVP still) (VP unnerving (NP financial markets)))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Testifying (PP-LOC before (NP (NP a panel) (PP of (NP the House Banking Committee)))))) , (NP-SBJ-1 Mr. Greenspan) (VP said (SBAR 0 (S (NP-SBJ (NP the short-term value) (PP of (NP the dollar)) (PP-LOC on (NP foreign-exchange markets))) (VP is n't (NP-PRD (NP the primary policy focus) (PP of (NP the central bank))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ Our essential focus) (VP is (PP-PRD on (NP domestic policy)))) , '' (NP-SBJ-1 Mr. Greenspan) (VP said (S *T*-2) , (S-ADV (NP-SBJ *-1) (VP referring (PP-CLR to (NP (NP the goals) (PP of (NP (NP price stability) and (NP a stable economy)))))))) .)) (TOP (S (PP In (NP perhaps his (ADJP most telling) remark)) , (NP-SBJ Mr. Greenspan) (VP termed (NP (NP the current U.S. inflation rate) (PP of (NP (QP around 4.5) %))) (PP-CLR as `` (ADJP (ADJP much too high) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP ignored (NP *-1))))))))) . '')) (TOP (S (NP-SBJ He) (VP added , (ADVP however) , (SBAR that (S (NP-SBJ-1 inflation) (VP could (VP be (VP brought (NP *-1) (ADVP-DIR down) `` (ADVP-DIR close (PP to (NP zero))) '' (PP without (S-NOM (NP-SBJ *) (VP throwing (NP the economy) (PP-DIR into (NP a recession))))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP viewed (NP (NP the chairman 's) comments) (PP-CLR as (NP an indication (SBAR that (S (NP-SBJ-1 the central bank) (VP is (VP disinclined (S (NP-SBJ *-1) (VP to (VP ease (NP monetary policy) (ADVP further) (PP-TMP in (NP the near future)))))))))))) .)) (TOP (S (NP-SBJ-1 The dollar) (VP climbed (ADVP-DIR immediately higher) (PP-TMP on (NP (NP news) (PP of (NP (NP Mr. Greenspan 's) testimony)))) , (S-ADV (NP-SBJ *-1) (VP settling (ADVP lower) (PP-TMP in (NP later trade)) (SBAR-TMP as (S (NP-SBJ dealers) (VP squared (NP positions) (ADVP-TMP ahead (PP of (NP (NP (NP today 's) preliminary report) (PP on (NP third-quarter U.S. gross national product))))))))))) .)) (TOP (S (PP-LOC In (NP late New York trading)) (NP-TMP yesterday) , (NP-SBJ-1 the dollar) (VP was (VP quoted (NP *-1) (PP-CLR (PP at (NP (NP 1.8353 marks) , (ADVP down (PP from (NP (NP 1.8355 marks) (NP-TMP Tuesday)))) ,)) and (PP at (NP (NP 141.52 yen) , (ADVP up (PP from (NP (NP 141.45 yen) (NP-TMP late Tuesday))))))))) .)) (TOP (S (NP-SBJ-1 Sterling) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP $ 1.6145 *U*) , (ADVP up (PP from (NP (NP $ 1.6055 *U*) (NP-TMP late Tuesday)))))))) .)) (TOP (S (PP-LOC In (NP Tokyo)) (NP-TMP Thursday) , (NP-SBJ the U.S. currency) (VP opened (PP for (NP trading)) (PP-CLR at (NP (NP 141.60 yen) , (ADVP up (PP from (NP (NP (NP Wednesday 's) Tokyo close) (PP of (NP 141.55 yen)))))))) .)) (TOP (S (NP-SBJ Many traders) (VP (VP forecast (NP (NP a continuation) (PP of (NP (NP the market 's) recent bearish trend)))) and (VP predict (SBAR 0 (S (NP-SBJ the U.S. currency) (VP will (VP (VP remain (ADJP-PRD stuck (PP in (NP its (ADJP relatively narrow) ranges))) (PP-TMP in (NP the near term))) and (VP (ADVP-TMP then) shift (ADVP-DIR lower)))))))) .)) (TOP (S But (PP according (PP to (NP (NP Doug Madison) , (NP (NP a corporate trader) (PP with (NP (NP Bank) (PP of (NP America)) (PP-LOC in (NP Los Angeles)))))))) , (NP-SBJ-1 (NP a large number) (PP of (NP short positions))) (VP must (ADVP first) (VP be (VP corrected (NP *-1) , (S-ADV (NP-SBJ *) (VP spurring (NP a temporary upswing))) , (SBAR-TMP before (S (NP-SBJ the unit) (VP can (VP turn (ADVP-DIR lower)))))))) .)) (TOP (S (NP-SBJ-2 He) (VP predicts (NP (NP (NP a downward move) (PP-LOC in (NP dollar-mark trade))) and (NP (NP a (ADJP less dramatic) slip) (PP-LOC in (NP dollar-yen)))) , (S-ADV (NP-SBJ *-2) (VP noting (SBAR that (S (NP-SBJ-3 there) (VP continues (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP a large pool) (PP of (NP (NP Japanese investor interest) (PP in (NP U.S. securities)))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP could (VP provide (NP (NP a solid base) (PP for (NP the dollar)) (PP-LOC at (NP around 140 yen))))))))))))))))) .)) (TOP (S (NP-SBJ Market participants) (VP hope (SBAR 0 (S (NP-SBJ (NP today 's) GNP report) (VP will (VP offer (NP (NP (ADJP more substantial) evidence) (PP on (NP U.S. economic growth))))))) , (SBAR-ADV although (S (NP-SBJ-1 analysts) (VP are (ADJP-PRD quick (S (NP-SBJ *-1) (VP to (VP point (PRT out) (SBAR that (S (NP-SBJ the figures) (VP may (VP overstate (NP (NP the economy 's) vigor))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The ` r ' word) (VP is (VP looming (ADVP again)))) , '' (VP says (S *T*-1)) (NP-SBJ-2 one dealer) , (S-ADV (NP-SBJ *-2) (VP referring (PP-CLR to (NP (NP persistent concern) (PP-LOC among (NP some market analysts)) (SBAR that (S (NP-SBJ the U.S. economy) (VP is (VP heading (PP-DIR toward (NP (NP a major slowdown) (CONJP if not) (NP a recession))))))))))) .)) (TOP (S (NP-SBJ Some dealers) (VP note (SBAR that (S (SBAR-ADV while (S (NP-SBJ the third-quarter figures) (VP may (VP appear (ADJP-PRD relatively bullish))))) (PRN -- (S (NP-SBJ the market consensus) (VP calls (PP-CLR for (NP (NP a (ADJP 2.5 %) annual growth rate) , (ADJP unchanged (PP from (NP the second-quarter rate))))))) --) (NP-SBJ (NP it) (S *EXP*-1)) (VP would (VP take (NP a (ADJP significantly stronger) figure) (S-1 (NP-SBJ *) (VP to (VP alter (NP market perceptions (SBAR that (S (NP-SBJ the economy) (VP is (VP softening))))))))))))) .)) (TOP (S (NP-SBJ Some analysts) (VP reckon (SBAR that (S (NP-SBJ-1 (NP the next quarter 's) figures) (VP will (VP present (NP (NP a (ADJP more accurate) picture) (PP of (NP the U.S. economy))) , (S-ADV (NP-SBJ *-1) (VP showing (NP (NP a marked slowdown) (PP-LOC in (NP (NP a number) (PP of (NP sectors)) , (PP including (NP (NP housing starts) and (NP equities))))))))))))) .)) (TOP (S (PP-LOC On (NP (NP the Commodity Exchange) (PP-LOC in (NP New York)))) , (NP-SBJ (NP gold) (PP for (NP current delivery))) (VP settled (PP-CLR at (NP (NP (NP $ 369.10 *U*) (NP-ADV an ounce)) , (ADVP down (NP $ 1.10 *U*))))) .)) (TOP (S (NP-SBJ Estimated volume) (VP was (NP-PRD a light (QP 1.7 million) ounces)) .)) (TOP (S (PP-LOC In (NP (NP early trading) (PP-LOC in (NP Hong Kong)))) (NP-TMP Thursday) , (NP-SBJ-1 gold) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP $ 368.24 *U*) (NP-ADV an ounce))))) .)) (TOP (S (NP-SBJ Lawrence Insurance Group Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP acquired (NP (NP United Republic Reinsurance Co.) , (NP a Houston property and casualty reinsurance company) ,) (PP-CLR from (NP (NP United Savings Association) (PP of (NP Texas)))) (PP-CLR for (NP (QP $ 28 million) *U*)))))) .)) (TOP (S (NP-SBJ Lawrence Insurance) (ADVP also) (VP sold (NP (NP (QP 3.2 million)) (PP of (NP its shares))) (PP-CLR for (NP (NP $ 7.125 *U*) (NP-ADV each))) (PP-DTV to (NP (NP its parent) , (NP Lawrence Group Inc)))) .)) (TOP (S (NP-SBJ-1 (NP Lawrence Insurance) , (VP based (NP *) (PP-LOC in (NP Albany , N.Y. ,)))) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP use (NP (NP the (QP $ 22.5 million) *U*) (PP in (NP proceeds))) (S-CLR (NP-SBJ-3 *-2) (VP to (VP help (S (NP-SBJ *-3) (VP finance (NP (NP the acquisition) (PP of (NP United Republic)))))))))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP acquiring (NP the shares)))) , (NP-SBJ-1 Lawrence Group) (VP increased (NP (NP its stake) (PP in (NP Lawrence Insurance))) (PP-DIR to (NP 93.2 %)) (PP-DIR from (NP 91.2 %))) .)) (TOP (S (S-TPC-1 (NP-SBJ Lawrence Insurance) (VP underwrites (ADVP mostly) (NP primary insurance))) , (NP-SBJ a company spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ A reinsurance company) (ADVP effectively) (VP insures (NP (NP insurance companies) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP wish (S (NP-SBJ *-2) (VP to (VP spread (NP (NP the risk) (PP of (NP a particular policy))))))))))) .)) (TOP (S (NP-SBJ Lawrence Group) (ADVP also) (VP owns (NP (NP (NP Lawrence Agency Corp.) , (NP-LOC Schenectady , N.Y.)) , (NP an insurance agency and brokerage))) .)) (TOP (S (NP-SBJ (NP Levi Strauss Associates Inc.) , (NP (NP the (ADJP closely held) owner) (PP of (NP Levi Strauss & Co.))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 its fiscal third-quarter earnings) (VP jumped (PP-DIR to (NP (QP $ 128.6 million) *U*)) (PP-DIR from (NP (NP (QP $ 31.3 million) *U*) (ADVP-TMP (NP a year) earlier))) , (S-ADV (NP-SBJ-2 *-1) (VP aided (NP *-2) (PP by (NP-LGS (NP a (ADJP (QP $ 69.8 million) *U*) gain) (PP from (NP (NP the sale) (PP of (NP (NP stock) (PP in (NP a Japanese subsidiary)))))))))))))) .)) (TOP (S (NP-SBJ The apparel holding company) (VP had (NP (NP sales) (PP-TMP in (NP (NP the quarter) (VP ended (NP *) (NP-TMP-CLR Aug. 27)))) (PP of (NP (NP (QP $ 1 billion) *U*) , (ADVP up (NP 12 %) (PP from (NP (QP $ 908.8 million) *U*) (ADVP-TMP (NP a year) ago))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 its quarterly results) (VP are (ADVP-TMP now) (VP being (ADVP-MNR publicly) (VP filed (NP *-1) (PP-PRP as (NP (NP the result) (PP of (NP (NP the formation) (NP-TMP earlier this year) (PP of (NP employee stock investment plans)))))))))))) .)) (TOP (S (NP-SBJ Wall Street) (VP would (VP like (S (NP-SBJ (NP UAL Corp. 's) board) (VP to (VP change (NP-CLR its mind) (PP-CLR about (S-NOM (NP-SBJ *) (VP keeping (S (NP-SBJ the company) (ADJP-PRD independent)))))))))) .)) (TOP (S But (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happens (ADVP next) (PP-LOC in (NP the continuing takeover drama))))) (VP may (VP depend (PP-CLR (ADVP more) on (NP (NP (NP the company 's) two (ADJP most powerful and fractious) unions) : (NP the pilots and machinists))))) .)) (TOP (S (NP-SBJ (NP Some people) (ADJP familiar (PP with (NP the situation)))) (VP believe (SBAR that (S (NP-SBJ (NP the collapse) (PP of (NP the previous (ADJP (QP $ 6.79 billion) *U*) buy-out))) (PRN , (SBAR if (FRAG (NP anything))) ,) (VP may (VP have (VP strengthened (NP (NP the hands) (PP of (NP these two labor groups))))))))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ both) (VP may (ADVP-TMP now) (VP have (NP (NP virtual veto power) (PP over (NP any UAL transaction))))) .)) (TOP (NP (NP One reason) : (S (NP-SBJ (NP banks) -- (ADJP likely (S (NP-SBJ *) (VP to (VP react (PP-CLR to (NP any new UAL deal)) (PP-MNR with (NP (NP (ADJP even more) caution) (PP than (NP the first time around)))))))) --) (ADVP probably) (VP will (VP insist (PP-CLR on (NP labor harmony)) (SBAR-TMP before (S (NP-SBJ-1 they) (VP agree (S (NP-SBJ *-1) (VP to (VP put (PRT up) (NP cash) (PP-CLR for (NP (NP any new bid) or (NP even a less-ambitious recapitalization plan)))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ United pilots) (VP have (VP shown (PP-TMP on (NP (NP a number) (PP of (NP occasions)))) (SBAR 0 (S (NP-SBJ-1 they) (VP are (ADJP-PRD willing and able (S (NP-SBJ *-1) (VP to (VP strike)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP an executive) (PP-LOC at (NP (NP Fuji Bank) , (NP (NP one) (PP of (NP (NP UAL 's) large lenders)))))) .)) (TOP (S `` (S (SBAR-ADV If (S (NP-SBJ you) (VP have (S (NP-SBJ both -LCB- labor -RCB- groups) (PP-PRD on (NP strike)))))) , (NP-SBJ you) (VP 've (VP got (NP no revenue)))) and (S (NP-SBJ that) (VP 's (NP-PRD (NP a (ADJP very scary) thing) (SBAR (WHNP-1 0) for (S (NP-SBJ a bank) (VP to (VP be (VP looking (PP-CLR at (NP *T*-1)))))))))) . '')) (TOP (S (NP-TMP Just this past week) , (NP-SBJ a leading Japanese bank) (VP asked (PP-CLR for (NP (NP (NP a meeting) (PP with (NP (NP the machinists ') union leaders))) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP determine (SBAR (WHADVP-2 where) (S (NP-SBJ the union) (VP would (VP stand (ADVP-LOC *T*-2) (SBAR-ADV if (S (NP-SBJ (NP another bid) or (NP recapitalization)) (VP became (ADJP-PRD possible)))))))) (ADVP *T*-1)))))))) .)) (TOP (NP (NP Another reason) : (S (S-ADV (NP-SBJ-2 *-1) (VP Emboldened (NP *-2) (PP by (NP-LGS (NP their success) (PP in (S-NOM (NP-SBJ-3 *) (VP helping (S (NP-SBJ *-3) (VP to (VP scuttle (NP the previous transaction))))))))))) , (NP-SBJ-1 the machinists) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD more aggressive) (SBAR-ADV if (S (NP-SBJ a second buy-out attempt) (VP occurs))))))))) .)) (TOP (S (NP-SBJ The two unions) (ADVP already) (VP had (NP significant leverage) (SBAR-PRP (ADVP simply) because (S (NP-SBJ-1 their employer) (VP has (PRT yet) (S (NP-SBJ *-1) (VP to (VP settle (PP-CLR with (NP either)) (PP on (NP new contracts))))))))) .)) (TOP (S (NP-SBJ That) (VP gives (NP them) (NP both (NP (NP the threat) (PP of (NP a strike))) and (NP the ability (S (NP-SBJ *) (VP to (VP resist (NP (NP any wage concessions) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP may (VP be (ADJP-PRD necessary (S (NP-SBJ *-2) (VP to (VP make (S (NP-SBJ a transaction) (VP work))))))))))))))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ (NP even investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (VP pushing (SBAR for (S (NP-SBJ the board) (VP to (VP do (NP (NP a recapitalization) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP (VP pay (NP shareholders) (NP a special dividend)) and (VP (ADVP possibly) grant (NP employees) (NP an ownership stake)))))))))))))))) (VP acknowledge (SBAR that (S (NP-SBJ the unions) (VP are (ADJP-PRD key))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD (NP less likelihood) (PP of (S-NOM (NP-SBJ *) (VP creating and completing (NP a transaction))))) (PP without (NP (NP the unions ') (NX (NX cooperation) and (NX wage concessions)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Richard Nye ,) (PP of (NP (NP Baker , Nye Investments) , (NP a New York takeover stock-trader)))) .)) (TOP (S (NP-SBJ Mr. Nye) (VP thinks (SBAR 0 (S (NP-SBJ-1 the UAL board) (VP should (VP be (VP ousted (NP *-1) (SBAR-ADV if (S (NP-SBJ-2 it) (VP does n't (VP move (ADVP-TMP soon) (S (NP-SBJ *-2) (VP to (VP increase (NP shareholder value)))))))))))))) .)) (TOP (S (NP-SBJ Both the pilots and machinists) (VP have (VP made (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD clear) (SBAR-1 that (S (NP-SBJ-3 they) (VP intend (S (NP-SBJ *-3) (VP to (VP block (NP (NP any transaction) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP do n't (VP like (NP *T*-2))))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ The pilots) (VP will (VP be (ADJP-PRD involved (PP in (NP (NP any transaction) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP takes (NP-CLR place) (PP-TMP around (NP here))))))))))) , '' (NP-SBJ pilot union chairman Frederick C. Dubinsky) (VP declared (S *T*-2) (NP-TMP yesterday)) .)) (TOP (S But (SBAR-SBJ whether (S (NP-SBJ the pilots) (VP can (VP team (ADVP up) (PP-CLR with (NP (NP their longtime adversaries) , (NP the machinists) ,)))))) (VP is (NP-PRD another question)) .)) (TOP (S (NP-SBJ (NP The pilots ') Mr. Dubinsky) (VP says (SBAR 0 (S (NP-SBJ his union) (VP would (VP like (NP (NP majority ownership) (PP for (NP employees)))))))) .)) (TOP (S (PP At (NP the (ADJP very least))) , (NP-SBJ the pilots) (VP want (NP (NP some form) (PP of (NP (NP control) (PP over (NP the airline)))) , (PP-MNR (ADVP perhaps) through (NP super-majority voting rights)))) .)) (TOP (S (PP On (NP the other hand)) , (NP-SBJ-1 the machinists) (VP have (ADVP-TMP always) (VP opposed (NP majority ownership) (PP-MNR in (NP principle))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ they) (VP do n't (VP think (SBAR 0 (S (NP-SBJ employees) (VP should (VP be (NP-PRD owners)))))))))))) .)) (TOP (S (ADVP Still) , (PP-TMP in (NP recent days)) , (NP-SBJ (NP machinists ') union leaders) (VP have (VP shown (NP some new flexibility))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-1 We) (VP may (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP reach (NP (NP a tradeoff) (SBAR (WHADVP-2 where) (S (NP-SBJ we) (VP can (VP accommodate (NP (NP -LCB- (NP the pilot union 's) -RCB- concerns) and (NP ours)) (ADVP-LOC *T*-2))))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Brian M. Freeman) , (NP (NP the machinists ') financial adviser)) .)) (TOP (S (NP-SBJ Mr. Freeman) (VP said (SBAR 0 (S (NP-SBJ-2 (NP machinists ') union advisers) (VP plan (S (NP-SBJ-3 *-2) (VP to (VP meet (NP-TMP this week) (S-PRP-CLR (NP-SBJ-4 *-3) (VP to (VP try (S (NP-SBJ *-4) (VP to (VP draw (PRT up) (NP (NP a blueprint) (PP for (NP (NP some form) (PP of (NP recapitalization)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP include (NP (NP (NP a special dividend) (PP for (NP shareholders))) , (NP an employee stake) and , (ADVP perhaps) , (NP (NP an equity investment) (PP by (NP a friendly investor)))))))))))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 a compromise) (VP ca n't (VP be (VP reached (NP *-1)))))) , (NP-SBJ the pilots) (VP maintain (SBAR 0 (S (NP-SBJ they) (VP can (VP do (NP a transaction) (PP-MNR without (NP (NP the support) (PP of (NP the machinists))))))))) .)) (TOP (S But (PP-TMP at (NP this point)) , (NP-SBJ that) (VP may (ADVP just) (VP be (NP-PRD wishful thinking))) .)) (TOP (S (NP-SBJ The machinists) (VP lobbied (ADVP-MNR heavily) (PP-CLR against (NP (NP the original bid) (PP from (NP UAL pilots and management)) (PP for (NP the company))))) .)) (TOP (S (NP-SBJ-1 Their opposition) (VP helped (S (NP-SBJ *-1) (VP scare (PRT off) (NP some Japanese banks)))) .)) (TOP (S (NP-SBJ (NP (NP The pilots ') insistence) (PP on (NP majority ownership))) (ADVP also) (VP may (VP make (S (NP-SBJ (NP the idea) (PP of (NP a recapitalization))) (ADJP-PRD difficult (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP achieve (NP *T*-1))))))))) .)) (TOP (SINV `` (SBARQ-TPC-3 (WHNP-1 Who) (SQ (NP-SBJ-2 *T*-1) (VP wants (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP a public shareholder) (VP investing (PP-CLR in (NP (NP a company) (VP controlled (NP *) (PP by (NP-LGS (NP the pilots ') union)))))))))))) ?) '' (VP asks (SBARQ *T*-3)) (NP-SBJ (NP Candace Browning) , (NP (NP an analyst) (PP-LOC at (NP Wertheim Schroeder & Co)))) .)) (TOP (S `` (UCP-TPC-3 (SBARQ (WHNP-2 Who) (SQ would (NP-SBJ the board) (VP be (VP working (PP for (NP *T*-2)))))) -- (NP (NP the public shareholders) or (NP the pilots)) ?) '' (NP-SBJ she) (VP adds (UCP *T*-3)) .)) (TOP (S (NP-SBJ Ms. Browning) (VP says (SBAR 0 (S (NP-SBJ she) (VP believes (SBAR 0 (S (NP-SBJ (NP a recapitalization) (VP involving (NP employee ownership))) (VP would (VP succeed (SBAR-ADV only if (S (NP-SBJ the pilots) (VP relent (PP-CLR on (NP (NP their demand) (PP for (NP control))))))))))))))) .)) (TOP (S (NP-SBJ She) (ADVP also) (VP notes (SBAR that (S (SBAR-ADV even if (S (NP-SBJ the pilots) (VP accept (NP a minority stake) (ADVP-TMP now)))) , (NP-SBJ-1 they) (ADVP still) (VP could (VP (VP come (ADVP-DIR back) (PP-TMP at (NP a later time))) and (VP try (S (NP-SBJ *-1) (VP to (VP take (NP control)))))))))) .)) (TOP (S (NP-SBJ Another possibility) (VP is (SBAR-PRD for (S (NP-SBJ the pilots ') (VP to (VP team (PRT up) (PP-CLR with (NP (NP an outside investor) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP might (VP try (S (NP-SBJ *-2) (VP to (VP force (NP (NP the ouster) (PP of (NP the board))) (PP-MNR through (NP (NP the solicitation) (PP of (NP consents)))))))))))))))))) .)) (TOP (S (PP-MNR In (NP that way)) , (NP-SBJ-2 the pilots) (VP may (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP force (S (NP-SBJ the board) (VP (VP to (VP approve (NP (NP a recapitalization) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP gives (NP employees) (NP a majority stake))))))) , or (VP to (VP consider (NP (NP the labor-management group 's) latest proposal))))))))))) .)) (TOP (S (NP-SBJ The group) (VP (VP did n't (VP make (NP a formal offer))) , but (ADVP instead) (VP told (NP (NP UAL 's) advisers) (PP-TMP before (NP the most-recent board meeting)) (SBAR that (S (NP-SBJ it) (VP was (VP working (PP-CLR on (NP (NP a bid) (VP valued (NP *) (PP-CLR at (NP (NP (QP between $ 225 and $ 240) *U*) (NP-ADV a share)))))))))))) .)) (TOP (S But (ADVP again) , (NP-SBJ they) (VP may (VP need (NP (NP the help) (PP of (NP the machinists))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ (NP the dynamics) (PP of (NP this situation))) (VP are (SBAR-PRD that (S (NP-SBJ-2 something) (VP 's (VP got (S (NP-SBJ *-2) (VP to (VP happen)))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP one official) (ADJP familiar (PP with (NP the situation)))) .)) (TOP (S-1 (NP-SBJ (NP The board) and (NP (NP UAL 's) management)) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) `` (VP ca n't (VP go (ADVP-DIR back) '' (PP-DIR to (NP (NP business) (PP as (ADJP usual)))))) .)) (TOP (S `` (NP-SBJ The pilots) (VP wo n't (VP let (NP them))) .)) (TOP (S (NP-SBJ-1 Delta Air Lines earnings) (VP soared (NP-EXT 33 %) (PP-DIR to (NP a record)) (PP-TMP in (NP the fiscal first quarter)) , (S-ADV (NP-SBJ *-1) (VP bucking (NP (NP the industry trend) (PP toward (NP declining profits)))))) .)) (TOP (S (NP-SBJ (NP The Atlanta-based airline) , (NP (NP the (ADJP third largest)) (PP-LOC in (NP the U.S.))) ,) (VP attributed (NP the increase) (PP-CLR to (NP (NP higher passenger traffic) , (NP new international routes) and (NP (NP reduced service) (PP by (NP (NP rival Eastern Airlines) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (PP-PRD in (NP bankruptcy proceedings)) (PP in (NP (NP the wake) (PP of (NP (NP a strike) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP began (NP-TMP last spring))))))))))))))))) .)) (TOP (S (PP-TMP For (NP (NP the quarter) (VP ended (NP *) (NP-TMP-CLR Sept. 30)))) , (NP-SBJ Delta) (VP posted (NP (NP net income) (PP of (NP (NP (NP (QP $ 133.1 million) *U*) , or (NP (NP $ 2.53 *U*) (NP-ADV a share))) , (ADVP up (PP from (NP (NP (QP $ 100 million) *U*) , or (NP (NP (NP $ 2.03 *U*) (NP-ADV a share)) , (ADVP-TMP (NP a year) earlier))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 15 %) (PP-DIR to (NP (QP $ 2.17 billion) *U*)) (PP-DIR from (NP (QP $ 1.89 billion) *U*))) .)) (TOP (S (PP-TMP During (NP the quarter)) , (NP-SBJ Delta) (VP (VP issued (NP (NP (QP 2.5 million) shares) (PP of (NP common stock))) (PP-DTV to (NP Swissair))) , and (VP repurchased (NP (QP 1.1 million) shares) (PP-PRP for (NP (NP use) (PP-LOC in (NP a company employee stock ownership plan)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 (NP The key) (PP to (NP (NP Delta 's) record earnings))) (VP continued (S (NP-SBJ *-1) (VP to (VP be (NP-PRD excellent passenger revenue growth)))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Thomas Roeck) , (NP chief financial officer)) .)) (TOP (S (NP-SBJ Passenger traffic) (VP jumped (NP-EXT 14 %) (PP-TMP in (NP the quarter)) , (SBAR-TMP while (S (NP-SBJ (NP profit) (PP per (NP passenger))) (VP grew (NP-EXT 2 %))))) .)) (TOP (S (NP-SBJ Delta) (VP has (VP benefited (ADVP (ADVP more) (PP than (NP other carriers))) (PP-CLR from (NP (NP the weakness) (PP of (NP (NP Eastern Airlines) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP shares (NP the Atlanta hub)))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Eastern) (VP is (ADVP-PRD back (PP to (NP (NP (QP about 80) %) (PP of (NP its pre-strike schedule))))) (ADVP-TMP now)))) , (NP-SBJ-1 the Texas Air Corp. subsidiary) (VP was (ADVP only) (VP beginning (S (NP-SBJ *-1) (VP to (VP get (ADVP-PRD back (PP on (NP its feet))) (PP-TMP during (NP the quarter))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ (NP America West Airlines) , (NP-LOC Phoenix , Ariz.) ,) (VP reported (SBAR 0 (S (NP-SBJ third-quarter profit) (VP jumped (NP-EXT 45 %) (PP-DIR to (NP (NP (QP $ 5.8 million) *U*) , or (NP (NP 28 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 4 million) *U*) , or (NP (NP 24 cents) (NP-ADV a share)) , (ADVP-PRP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ The latest results) (VP include (NP (NP a (ADJP (QP $ 2.6 million) *U*) one-time payment) (PP from (NP a `` foreign entity)))) . '')) (TOP (S (NP-SBJ America West) (VP (VP would n't (VP identify (NP the entity))) , but (VP said (SBAR 0 (S (NP-SBJ the payment) (VP was (PP-PRD for (NP (NP (NP the foreign company 's) use) (PP of (NP certain tax benefits)) (PP in (NP (NP connection) (PP with (NP America West plane purchases))))))))))) .)) (TOP (S (NP-SBJ Year-earlier results) (VP included (NP (NP an extraordinary gain) (PP of (NP (QP $ 1.6 million) *U*)) (PP from (NP (NP a buy-back) (PP of (NP convertible subordinated debentures)))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 21 %) (PP-DIR to (NP (QP $ 243.4 million) *U*)) (PP-DIR from (NP (QP $ 201.2 million) *U*))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ America West) (VP posted (NP (NP earnings) (PP of (NP (NP (QP $ 18.9 million) *U*) , or (NP (NP 97 cents) (NP-ADV a share))))) , (PP compared (PP with (NP (NP a loss) (PP of (NP (NP (QP $ 9.7 million) *U*) , or (NP (NP 74 cents) (NP-ADV a share)) , (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 27 %) (PP-DIR to (NP (QP $ 715.1 million) *U*)) (PP-DIR from (NP (QP $ 563.8 million) *U*))) .)) (TOP (NP-HLN PAPERS :)) (TOP (S (NP-SBJ-1 (NP Thomson Corp. 's) Globe & Mail newspaper) (PP-TMP in (NP November)) (VP will (VP begin (S (NP-SBJ *-1) (VP transmitting (NP an experimental edition) (PP-CLR to (NP (NP selected subscribers ') facsimile machines)))))) .)) (TOP (S (NP-SBJ-1 The four-page news summary) (VP will (VP be (VP aimed (NP *-1) (PP-DIR at (NP (NP readers) (PP-LOC (PP outside (NP Canada)) or (PP in (NP (NP Canadian locations) (SBAR (WHADVP-2 where) (S (NP-SBJ the national daily) (VP is n't (ADJP-PRD available) (ADVP-LOC *T*-2) (PP-TMP on (NP (NP the day) (PP of (NP publication))))))))))))))) .)) (TOP (S (PP-LOC In (NP the U.S.)) , (S (NP-SBJ the Hartford Courant) (VP has (NP a facsimile edition))) and (S (NP-SBJ some other newspapers) (VP are (VP considering (NP the idea)))) .)) (TOP (SBARQ-HLN (WHNP-2 WHO) (SQ (NP-SBJ *T*-2) (VP 'S (NP-PRD NEWS))) :)) (TOP (S (NP-SBJ-1 (NP Michael T. Carr) , (NP (NP advertising director) (PP of (NP Playboy magazine))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP publisher) (PP of (NP National Lampoon and Heavy Metal magazines)))) , (S-ADV (NP-SBJ *-1) (VP succeeding (NP George Agoglia))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP the first management change) (SBAR-TMP since (S (NP-SBJ film-makers Daniel Grodnik and Tim Matheson) (VP took (NP-CLR control) (PP-CLR of (NP National Lampoon Inc.)) (PP-TMP in (NP March))))))) .)) (TOP (S (NP-SBJ-1 They) (VP (VP are (VP looking (PP-CLR for (NP (NP a new editor) (PP for (NP National Lampoon)))))) and (VP are (VP trying (S (NP-SBJ *-1) (VP to (VP sell (NP Heavy Metal))))))) .)) (TOP (S (NP-SBJ-1 Columbia Savings & Loan Association) , (S-ADV (NP-SBJ *-1) (VP reeling (PP-CLR from (NP (NP (NP thrift-accounting changes) (VP mandated (NP *) (PP by (NP-LGS Congress)))) and (NP (NP the recent collapse) (PP of (NP the junk-bond market))))))) , (VP announced (NP (NP a loss) (PP-TMP for (NP the third quarter)) (PP of (NP (NP (QP $ 226.3 million) *U*) , or (NP (NP $ 11.57 *U*) (NP-ADV a share)))))) .)) (TOP (S (PP-TMP For (NP (NP the quarter) (ADVP (NP a year) ago))) , (NP-SBJ Columbia) (VP reported (NP (NP earnings) (PP of (NP (NP (QP $ 16.3 million) *U*) , or (NP (NP 37 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Total assets) (VP increased (PP-CLR to (NP (QP $ 12.7 billion) *U*)) (PP-TMP in (NP the latest quarter)) (PP-CLR from (NP (NP (QP $ 12.4 billion) *U*) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ The loss) (VP stems (PP-CLR from (NP (NP (QP $ 357.5 million) *U*) (PP of (NP (NP write-downs) (PP on (NP (NP (NP Columbia 's) (ADJP (QP $ 4.4 billion) *U*) high-yield investment securities portfolio) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP (NP (NP (QP about $ 3.7 billion) *U*) (PP of (NP junk bonds))) , (NP (NP (QP $ 400 million) *U*) (PP of (NP preferred stock))) , and (NP Treasury securities)))))))))))) .)) (TOP (S (NP-SBJ Columbia) (VP owes (NP (NP its spectacular growth) (PP-TMP in (NP recent years))) (PP-CLR to (NP (NP its junk-bond portfolio) , (NP (NP the largest) (PP of (NP any U.S. thrift)))))) .)) (TOP (S (NP-SBJ-1 (NP Much) (PP of (NP (NP Columbia 's) junk-bond trading))) (VP has (VP been (VP done (NP *-1) (PP-MNR through (NP (NP the high-yield department) (PP of (NP (NP its Beverly Hills neighbor) , (NP Drexel Burnham Lambert Inc)))))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ losses) (VP totaled (NP (NP (QP $ 212 million) *U*) , or (NP (NP $ 10.83 *U*) (NP-ADV a share))) , (PP compared (PP with (NP (NP net income) (PP of (NP (NP (QP $ 48.7 million) *U*) , or (NP (NP $ 1.11 *U*) (NP-ADV a share)) , (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ The results) (VP include (NP (NP a (ADJP (QP $ 130.2 million) *U*) write-down) (PP of (NP (NP the securities) (PP-LOC in (NP the high-yield portfolio)))) (PP to (NP (NP the lower) (PP of (NP their (NX (NX cost) or (NX market value)))))))) .)) (TOP (S (NP-SBJ-1 Columbia) (ADVP also) (VP added (NP (QP $ 227.3 million) *U*) (PP-CLR to (NP (NP reserves) (PP for (NP (NP losses) (PP on (NP the portfolio)))))) , (S-ADV (NP-SBJ *-1) (VP increasing (NP general reserves) (PP-CLR to (NP (NP (QP $ 300 million) *U*) , or (NP (NP (QP about 6.7) %) (PP of (NP the total portfolio))) ,)) (PP-TMP *PPA*-2))) (PP-TMP-2 as (PP of (NP Sept. 30)))) .)) (TOP (S (PP-TMP On (NP June 30)) , (NP-SBJ loss reserves) (VP stood (PP-CLR at (NP (QP $ 108.3 million) *U*))) .)) (TOP (S (NP-SBJ Thrift officials) (VP said (SBAR 0 (S (NP-SBJ-1 the (ADJP (QP $ 300 million) *U*) reserve) (VP (VP will (VP be (VP adjusted (NP *-1) (ADVP-TMP quarterly)))) and (VP will (VP reflect (NP (NP (NP the rate) (PP of (NP dispositions))) and (NP market conditions)))))))) .)) (TOP (S (NP-SBJ The adjustments) (VP result (PP-CLR from (NP (NP the (ADJP recently passed) thrift-industry bailout legislation) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP requires (S (NP-SBJ thrifts) (VP to (VP divest (NP all high-yield bond investments) (PP-TMP by (NP 1994))))))))))) .)) (TOP (S (ADVP-TMP Previously) , (NP-SBJ-1 Columbia) (VP did n't (VP have (S (NP-SBJ *-1) (VP to (VP adjust (NP (NP the book value) (PP of (NP its junk-bond holdings))) (S-PRP (NP-SBJ *) (VP to (VP reflect (NP (NP declines) (PP-LOC in (NP market prices))))))))) , (SBAR-TMP because (S (NP-SBJ it) (VP held (NP the bonds) (PP-CLR as (NP long-term investments))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ Columbia) (ADVP-TMP now) (VP must (VP sell (NP the bonds) (PP-TMP within (NP five years)))))) , (NP-SBJ accounting rules) (VP require (S (NP-SBJ the thrift) (VP to (VP value (NP the bonds) (PP-CLR at (NP (NP the lower) (PP of (NP cost or market prices)))))))) .)) (TOP (S (PP For (NP its future strategy)) , (NP-SBJ Columbia officials) (VP said (SBAR 0 (S (NP-SBJ the thrift) (VP may (VP branch (PRT out) (PP-CLR into (NP (NP (NP commercial lending) or (S-NOM (NP-SBJ *) (VP managing (NP outside investments)))) , (CONJP as well as) (S-NOM (NP-SBJ *) (VP beefing (PRT up) (NP (ADJP more traditional) thrift activities)))))))))) .)) (TOP (S (NP-SBJ The quarterly results) (ADVP also) (VP reflected (NP (NP (QP $ 21.4 million) *U*) (PP in (NP (NP non-recurring losses) (PP from (NP (NP commercial real-estate activities) (PP-LOC in (NP California)))))))) .)) (TOP (S (NP-SBJ (NP Thomas Spiegel) , (NP (NP Columbia 's) chairman) ,) (VP said (PP-LOC in (NP a statement)) (SBAR that (S (NP-SBJ the thrift) (VP was (ADJP-PRD `` disappointed '' (PP by (NP (NP the effects) (PP of (NP the accounting changes))))))))) .)) (TOP (S But (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ Columbia) (VP remains `` (NP-PRD (NP one) (PP of (NP (NP the (ADJP (ADVP most strongly) capitalized) thrifts) (PP-LOC in (NP the industry))))) , '' (PP based (PP on (NP (NP the economic value) (PP of (NP its (NX (NX assets) and (NX tangible capital))))))))))) .)) (TOP (S (NP-SBJ Columbia) (VP announced (NP the results) (PP-TMP after (NP (NP the close) (PP of (NP the stock market))))) .)) (TOP (S (NP-SBJ Its shares) (VP closed (PP-CLR at (NP (NP $ 5.125 *U*) (NP-ADV each))) (PP-LOC in (NP composite New York Stock Exchange trading)) , (ADVP down (NP 37.5 cents))) .)) (TOP (S (NP-SBJ-1 (NP The price) (PP of (NP Columbia shares))) (VP has (VP been (VP cut (NP *-1) (PP-CLR (ADVP nearly) in (NP half)) (PP-TMP since (NP (NP August) , (SBAR (WHADVP-2 when) (S (NP-SBJ they) (VP traded (PP-CLR at (NP (QP about $ 10) *U*)) (ADVP-TMP *T*-2)))))) , (SBAR-TMP as (S (NP-SBJ investors) (ADVP apparently) (VP realized (SBAR that (S (NP-SBJ-3 the thrift) (VP would (VP be (VP forced (S (NP-SBJ *-3) (VP to (VP take (NP a big write-down))))))))))))))) .)) (TOP (S (NP-SBJ (NP The stock 's) decline) (VP accelerated (PP-TMP in (NP the past two weeks)) , (PP from (NP (NP a price) (PP of (NP (NP $ 8 *U*) (NP-ADV a share))) (PP-TMP on (NP Oct. 9))))) .)) (TOP (S (NP-SBJ Columbia officials) (VP said (SBAR 0 (S (NP-SBJ they) (VP do n't (VP know (SBAR (WHADVP-3 how quickly) (S (NP-SBJ they) (VP will (VP dispose (PP-CLR of (NP (NP the thrift 's) junk bonds)) (ADVP-MNR *T*-3))))) , (SBAR-PRP because (S (NP-SBJ-1 (NP federal regulations) , (PP such as (NP (NP those) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP allow (S (NP-SBJ-4 thrifts) (VP to (VP continue (S (NP-SBJ *-4) (VP holding (NP the bonds) (PP-LOC-CLR in (NP (ADJP separately capitalized) subsidiaries))))))))))))) ,) (VP have n't (ADVP yet) (VP been (VP completed (NP *-1))))))))))) .)) (TOP (S (NP-SBJ Columbia officials) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-2 the thrift) (VP should n't (VP face (NP problems) (S-ADV (NP-SBJ *-2) (VP meeting (NP regulatory capital requirements))) , (PP despite (NP (NP the large reserves and write-downs) and (NP (NP stiffer regulatory requirements) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP should (VP be (PP-PRD in (NP place)) (PP-TMP by (NP (NP year 's) end)))))))))))))) .)) (TOP (S (S (NP-SBJ (NP Its ratio) (PP of (NP tangible equity)) (PP to (NP total assets)) (PP-TMP as (PP of (NP Sept. 30)))) (VP was (NP-PRD 3.6 %))) , and (S (NP-SBJ total equity) (VP was (NP-PRD (QP $ 457.9 million) *U*))) .)) (TOP (S (NP-SBJ The thrift) (VP emphasized (SBAR that (S (NP-SBJ it) (VP has (NP (NP a large portfolio) (PP of (NP (NP equity securities) (VP issued (NP *) (PP-MNR in (NP (NP connection) (PP with (NP (NP corporate restructurings) and (NP leveraged buy-outs)))))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP a book value) (PP of (NP (QP $ 90 million) *U*))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 (NP many) (PP of (NP (NP the transactions) (ADJP related (PP to (NP those securities)))))) (VP have n't (VP been (VP completed (NP *-1)))))) , (NP-SBJ Columbia) (VP said (SBAR 0 (S (NP-SBJ (NP the ultimate gain) (PP on (NP (NP the sale) (PP of (NP those assets))))) (VP will (VP range (PP-CLR (PP from (NP (QP $ 200 million) *U*)) (PP to (NP (QP $ 300 million) *U*)))))))) .)) (TOP (S (NP-SBJ Columbia) (ADVP also) (VP has (NP (NP unrealized gains) (PP-LOC in (NP its public equity securities portfolio)) (PP of (NP (QP more than $ 70 million) *U*)))) .)) (TOP (S (NP-SBJ (NP David B. Hilder) (PP-LOC in (NP New York))) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ-2 Anheuser-Busch Cos.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (ADVP-MNR aggressively) (VP discount (NP its major beer brands))))))) , (S-ADV (NP-SBJ *-2) (VP setting (NP-CLR the stage) (PP-CLR for (NP a (ADJP potentially bruising) price war)) (SBAR-TMP as (S (NP-SBJ-3 (NP the maturing industry 's) growth) (VP continues (S (NP-SBJ *-3) (VP to (VP slow))))))))) .)) (TOP (S (NP-SBJ-1 (NP Anheuser) , (NP (NP (NP the world 's) largest brewer) and (NP U.S. market leader)) ,) (VP has (ADVP historically) (VP been (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP engage (PP-CLR in (NP (NP price-cutting) (PP as (NP (NP a means) (PP of (S-NOM (NP-SBJ *) (VP boosting (NP sales volume)))))))))))))) .)) (TOP (S (PP With (NP (NP the passing) (PP of (NP (NP the heady days) (PP of (NP swelling industry sales)))))) , (ADVP however) , (NP-SBJ (NP the (ADJP once-sporadic and brief) forays) (PP-DIR into (NP discounting))) (VP are (VP becoming (NP-PRD standard competitive weapons) (PP-LOC in (NP the beer industry)))) .)) (TOP (S (PP-TMP Over (NP the summer)) , (NP-SBJ Anheuser competitors) (VP offered (NP (NP (ADJP more and deeper) discounts) (SBAR than (S (NP-SBJ industry observers) (VP have (VP seen (NP *?*) (PP-TMP for (NP a long time)))))))) .)) (TOP (S (NP-SBJ Some experts) (ADVP-TMP now) (VP predict (SBAR 0 (S (NP-SBJ (NP (NP Anheuser 's) entry) (PP-TMP into (NP the fray))) (VP means (NP (NP near-term earnings trouble) (PP for (NP all the industry players))))))) .)) (TOP (S (NP-SBJ The St. Louis company) (VP said (S (NP-SBJ-2 (NP major rivals) , (NP (NP (NP Philip Morris Co. 's) Miller Brewing unit) and (NP Adolph Coors Co.))) `` (VP have (VP been (VP following (NP (NP a policy) (PP of (NP (NP (ADJP continuous and deep) discounting) (PP *ICH*-1)))) (PP-TMP for (NP (ADVP at least) the past 18 months)) '' (PP-1 on (NP their premium brands)) , (S-ADV (NP-SBJ *-2) (VP pricing (NP their product) (PP-CLR (ADVP (ADVP as much) (PP as (NP (NP 25 cents) (NP-ADV a 12-pack)))) below (NP (NP Anheuser 's) Budweiser label)) (PP-LOC in (NP many markets))))))))) .)) (TOP (S (NP-SBJ Anheuser) (VP said (SBAR 0 (S (NP-SBJ it 's discounting policy) (ADVP basically) (VP would (VP involve (S (NP-SBJ *) (VP matching (NP (NP such moves) (PP by (NP rivals))) (PP-MNR on (NP a market-by-market basis))))))))) .)) (TOP (S (NP-SBJ Anheuser-Busch) (VP announced (NP its plan) (PP-TMP at (NP (NP the same time) (SBAR (WHADVP-1 0) (S (NP-SBJ it) (VP reported (SBAR 0 (S (NP-SBJ third-quarter net income) (VP rose (NP-ADV a lower-than-anticipated 5.2 %) (PP-DIR to (NP (NP (QP $ 238.3 million) *U*) , or (NP (NP 83 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 226.5 million) *U*) , or (NP 78 cents)))))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ Third-period sales) (VP were (NP-PRD (NP (QP $ 2.49 billion) *U*) , (ADVP up (PP from (NP (NP last year 's) (QP $ 2.34 billion) *U*))))) .)) (TOP (S (NP-SBJ Anheuser) (VP said (SBAR 0 (S (NP-SBJ-2 its new strategy) -- (S-ADV (NP-SBJ-3 *-2) (VP (VP started (NP *-3) (PP-LOC in (NP some markets)) (NP-TMP last month)) and (VP expected (S (NP-SBJ-1 *-3) (VP to (VP be (VP applied (NP *-1) (ADVP-TMP soon) (PP-LOC in (NP selected markets nationwide))))))))) -- (VP will (VP mean (NP (NP lower-than-anticipated earnings) (PP-TMP (PP for (NP (NP the last half) (PP of (NP 1989)))) and (PP for (NP 1990))))))))) .)) (TOP (S (NP-SBJ The projection) (VP sent (S (NP-SBJ Anheuser shares) (VP plunging (NP-ADV $ 4.375 *U*))) (PP-LOC in (NP New York Stock Exchange composite trading)) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ The stock) (VP closed (PP-CLR at (NP $ 38.50 *U*)) (PP on (NP (NP heavy volume) (PP of (NP (QP about 3.5 million) shares))))) .)) (TOP (S (NP-SBJ (NP Shares) (PP of (NP (NP Coors) , (NP (NP the company 's) sole (ADJP publicly traded) major competitor) ,))) (VP fell (NP-EXT (NP $ 1.50 *U*) (NP-ADV apiece)) (PP-DIR to (NP $ 19.125 *U*)) (PP-LOC in (NP national over-the-counter trading)) , (PP (ADVP apparently) on (NP (NP investor concerns) (PP over (NP (NP potential fallout) (PP from (NP the coming pricing struggle))))))) .)) (TOP (S (NP-SBJ Anheuser) (VP noted (SBAR that `` (S (NP-SBJ (NP beer industry sales volume) (PP-TMP is (NP 1989))) (VP is (VP following (NP (NP the trend) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP characterized (NP (NP the last half) (PP of (NP the '80s)))))))) , (PP with (S-NOM (NP-SBJ sales volume) (VP being (ADJP-PRD essentially flat) '' (SBAR-TMP while (S (NP-SBJ consolidation) (VP creates (NP fewer , bigger players)))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP can not (VP permit (NP (NP a further slowing) (PP-LOC in (NP our volume trend)))))) , '' (NP-SBJ-1 Anheuser) (VP said (S *T*-2) , (S-ADV (NP-SBJ *-1) (VP adding (SBAR 0 (S (NP-SBJ-3 it) (VP will (VP take `` (NP appropriate competitive pricing actions) (S-PRP (NP-SBJ *-3) (VP to (VP support (NP (NP our long-term market share growth strategy) '' (PP for (NP the premium brands))))))))))))) .)) (TOP (S (NP-SBJ Anheuser) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP continues (S (NP-SBJ *-1) (VP to (VP hold (PP-CLR to (NP (NP its earlier-announced goal) (PP of (NP (NP a (ADJP 50 %) U.S. market share) (PP-TMP by (NP the mid-1990s))))))))))))) .)) (TOP (SINV (PP-LOC-CLR-TPC-1 Beneath (NP the tepid news-release jargon)) (VP lies (PP-LOC-CLR *T*-1)) (NP-SBJ (NP a powerful threat) (PP from (NP (NP the brewing giant) , (SBAR (WHNP-2 which) (S (S (NP-SBJ *T*-2) (NP-TMP last year) (VP accounted (PP-CLR for (NP (NP (QP about 41) %) (PP of (NP all U.S. beer sales)))))) and (S (NP-SBJ-3 *T*-2) (VP is (VP expected (S (NP-SBJ *-3) (VP to (VP see (S (NP-SBJ that) (VP grow (PP-CLR to (NP 42.5 %)) (PP-TMP in (NP the current year))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ Anheuser) (VP is (NP-PRD (NP the biggest guy) (PP-LOC in (NP the bar))))) , and (S (NP-SBJ-1 he) (ADVP just) (VP decided (S (NP-SBJ *-1) (VP to (VP join (PP-CLR in (NP the barroom brawl)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Joseph J. Doyle) , (NP (NP an analyst) (PP with (NP Smith Barney , Harris Upham & Co)))) .)) (TOP (S `` (NP-SBJ-1 It) (VP 's (VP going (S (NP-SBJ *-1) (VP to (VP get (ADJP-PRD bloody)))))) . '')) (TOP (S (NP-SBJ (NP Jerry Steinman) , (NP (NP publisher) (PP of (NP (NP Beer Marketers Insights) , (NP a trade newsletter) ,)))) (VP said (SBAR 0 (S (NP-SBJ (NP Anheuser 's) announcement) (VP means (SBAR 0 `` (S (NP-SBJ-1 (NP everybody else) (PP-LOC in (NP the industry))) (VP is (VP going (S (NP-SBJ-2 *-1) (VP to (VP have (NP-CLR a difficult time) (S-CLR (NP-SBJ *-2) (VP reaching (NP their profit objectives)))))))))))))) . '')) (TOP (S (NP-SBJ Prudential-Bache Securities Inc. analyst George E. Thompson) (VP (VP downplayed (NP (NP the importance) (PP of (NP the announcement)))) , and (VP called (S (NP-SBJ (NP any comparison) (PP between (NP (NP the coming beer-industry tiff) and (NP the (ADJP seemingly unending) `` cola wars)))) , '' (ADJP-PRD unwarranted)))) .)) (TOP (S (NP-SBJ Mr. Thompson) (VP (VP calls (S (NP-SBJ discounting) `` (NP-PRD (NP (NP a loser 's) game) (PP for (NP (NP anyone) (PP without (NP a dominant market share))))))) , '' and (VP projected (SBAR that (S (NP-SBJ (NP (NP Anheuser 's) statement) (PP of (NP intent))) (VP could (ADVP simply) (VP be (NP-PRD (NP a means) (PP of (S-NOM (NP-SBJ *) (VP warning (S (NP-SBJ competitors) (VP to (VP (VP ease (PRT up) (PP-CLR on (NP price-cutting))) or (VP face (NP a (ADJP costly and fruitless) battle))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Thompson) (VP noted (SBAR that (S (NP-SBJ (NP the disappointing earnings) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP fell (ADVP (NP (NP five cents) (NP-ADV a share)) short (PP of (NP his own projections)))))) ,) (VP contributed (PP-CLR to (NP (NP the sell-off) (PP by (NP an (ADJP (ADJP edgy) and (ADJP currently unforgiving)) investing public)))))))) .)) (TOP (S But (NP-SBJ (NP (NP Smith Barney 's) Mr. Doyle) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (NP-TMP yesterday) (VP trimmed (NP his 1990 Anheuser earnings projection) (PP-CLR to (NP (NP $ 2.95 *U*) (NP-ADV a share))) (PP-CLR from (NP $ 3.10 *U*))))) ,) (VP called (S (NP-SBJ (NP the market 's) reaction) `` (ADJP-PRD justified))) . '')) (TOP (S-1 (SBAR-ADV While (S (NP-SBJ the third-quarter earnings) (VP were (NP-PRD a `` moderate disappointment)))) (PRN , '' (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) , ``) (NP-SBJ the real bad news) (VP is (NP-PRD (NP the intensity) (PP of (NP (NP price competition) '' (PP-LOC in (NP the premium-beer sector)))))) .)) (TOP (S (PP According (PP to (NP (NP Mr. Steinman) , (NP the newsletter publisher) ,))) (NP-SBJ (NP Anheuser 's) market share) (VP is (NP-PRD (NP (QP nearly twice) that) (PP of (NP (NP its nearest competitor) , (NP Miller Brewing) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP a (ADJP 21.2 %) stake) (NP-TMP last year)))))))) .)) (TOP (S (NP-SBJ-2 It) (VP 's (VP followed (NP *-2) (PP by (NP-LGS (NP Stroh Brewery Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP has (VP agreed (S (NP-SBJ *-3) (VP to (VP sell (NP its assets) (PP-DTV to (NP Coors))))))))))))) .)) (TOP (S (NP-SBJ Both Coors and Stroh) (VP have (ADVP-TMP recently) (VP been (VP ceding (NP market share) (PP-DTV to (NP Miller and Anheuser))))) .)) (TOP (S (NP-SBJ-1 Tokyo stocks) (VP closed (ADVP-CLR easier) (PP-TMP for (NP the second consecutive day)) , (S-ADV (NP-SBJ *-1) (VP finishing (PP-CLR at (NP the intraday low)) (PP on (NP (NP index-linked investment trust fund selling) (PP-TMP toward (NP (NP the end) (PP of (NP the afternoon session))))))))) .)) (TOP (S (NP-SBJ Stocks) (VP (VP rose (PP-LOC in (NP London))) , but (VP fell (ADVP again) (PP-LOC in (NP Frankfurt)))) .)) (TOP (S (NP-SBJ (NP Tokyo 's) Nikkei index) (VP fell (NP-EXT 84.15 points) (PP-DIR to (NP 35442.40))) .)) (TOP (S (NP-SBJ Trading) (VP was (ADJP-PRD active)) .)) (TOP (S (NP-SBJ-1 (NP Volume) (PP on (NP the first section))) (VP was (VP estimated (NP *-1) (PP-CLR at (NP (NP (QP 1 billion) shares) , (ADVP up (PP from (NP (NP (QP 914 million)) (NP-TMP Tuesday)))))))) .)) (TOP (S (NP-SBJ (NP The Tokyo stock price index) (PP of (NP first section issues))) (VP was (ADVP-PRD down (NP 8.65)) (X at)))) (TOP (S (PP-LOC In (NP early trading)) (PP-LOC in (NP Tokyo)) (NP-TMP Thursday) , (NP-SBJ the Nikkei index) (VP rose (NP-EXT 145.45 points) (PP-DIR to (NP 35587.85))) .)) (TOP (S (PP-TMP On (NP Wednesday)) , (NP-SBJ-1 the market) (VP opened (ADVP-MNR bullishly) (PP with (NP high turnover)) , (S-ADV (NP-SBJ *-1) (VP ignoring (NP (NP the volatility) (PP-LOC in (NP New York stocks)))))) .)) (TOP (S But (NP-SBJ-1 losers) (VP were (VP spread (NP *-1) (PP-CLR in (NP a broad range)) (PP-TMP by (NP (NP the end) (PP of (NP the session)))))) .)) (TOP (S (NP-SBJ A trader) (VP said (SBAR that (X (SBAR-ADV (X the more) (S (NP-SBJ an issue) (VP gained (NP *?*) (ADVP-TMP recently)))) , (X the sharper) (NP (NP the loss) (VP sustained (NP *) (NP-TMP Wednesday)))))) .)) (TOP (S (NP-SBJ (NP A trader) (PP-LOC at (NP Yamaichi Securities))) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the market 's) mood) (VP was (VP undercut (NP *-1) (PP by (NP-LGS (NP the continuing fall) (PP of (NP (NP (NP Nippon Telegraph & Telephone) shares) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP declined (PP-CLR to (NP (NP their lowest level) (PP-TMP since (NP (NP the begining) (PP of (NP this year)))))))))))))))))) .)) (TOP (S (NP-SBJ NTT) (VP lost (NP-EXT 30,000 yen) (PP-DIR to (NP (NP 1,380,000 yen) (PRN -LRB- (NP $ 9,756 *U*) -RRB-)))) .)) (TOP (S (NP-SBJ Some traders) (VP noted (SBAR 0 (S (NP-SBJ individual investors) (VP dumped (NP NTT shares) (PP amid (NP (NP growing expectation) (PP for (NP (NP (NP a division) (PP of (NP the company))) (SBAR (WHNP-1 0) as (S (NP-SBJ-2 *T*-1) (VP suggested (NP *-2) (PP by (NP-LGS a recent government-sponsored panel))))))))))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ-1 they) (ADVP also) (VP took (NP profits) (S-PRP (NP-SBJ *-1) (VP to (VP reduce (NP (NP holdings) (PP-LOC in (NP their own account)))))) (PP-TMP at (NP (NP the end) (PP of (NP the October transaction period)))))))) .)) (TOP (S (PP-LOC Among (NP pharmaceutical shares)) , (S (NP-SBJ Chugai) (VP lost (NP-EXT 60 yen) (PP-DIR to (NP (NP 2,290 yen) (PRN -LRB- (NP $ 16.20 *U*) -RRB-))))) , and (S (NP-SBJ Mochida) (VP fell (NP-EXT 150) (PP-DIR to (NP 4,290)))) .)) (TOP (S (NP-SBJ Other losing issues) (VP included (NP (NP Showa Shell) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP fell (NP-EXT 40) (PP-DIR to (NP 1,520))))))) .)) (TOP (S (NP-SBJ Toyota Motor) (VP fell (NP-EXT 40) (PP-DIR to (NP 2,680))) .)) (TOP (S (NP-SBJ (NP Sekisui House) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP gained (NP-EXT 150) (NP-TMP Tuesday)))) ,) (VP lost (NP-EXT 70) (PP-DIR to (NP 2640))) .)) (TOP (S (S (NP-SBJ-1 Daiwa House) (ADVP also) (VP ended (ADVP-CLR easier))) , but (S (NP-SBJ Misawa Home) (VP was (ADJP-PRD firmer))) .)) (TOP (S (NP-SBJ-2 (NP (NP Pioneer Electronic) and (NP Sony)) , (SBAR (WHNP-1 both (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP dominated (NP buying) (NP-TMP earlier this month)))) ,) (VP continued (S (NP-SBJ *-2) (VP to (VP fall))) (NP-TMP Wednesday)) .)) (TOP (S (S (NP-SBJ Pioneer) (VP was (ADVP-PRD down (NP 90)) (PP-CLR at (NP 5,810)))) , and (S (NP-SBJ Sony) (VP lost (NP-EXT 40) (PP-DIR to (NP 8,550)) , (ADVP down (NP 10 %) (PP from (NP (NP its record) (VP set (NP *) (NP-TMP Oct. 11))))))) .)) (TOP (S (NP-SBJ London share prices) (VP closed (ADVP-CLR modestly higher) (PP-CLR (ADVP largely) on (NP technical factors)) , (SBAR-ADV although (S (NP-SBJ-1 the market) (VP was (VP underpinned (NP *-1) (PP-TMP near (NP (NP the end) (PP of (NP the session)))) (PP by (NP-LGS (NP Wall Street 's) firmer trend))))))) .)) (TOP (S (NP-SBJ The Financial Times 100-share index) (VP finished (PP-CLR at (NP 2161.9)) , (ADVP up (NP 12.6 points))) .)) (TOP (S (NP-SBJ-1 The 30-share index) (VP ended (ADVP-CLR (NP 12.6 points) higher) (PP-CLR at (NP 1751.9))) .)) (TOP (S (NP-SBJ Volume) (VP was (ADJP-PRD thin) (PP-CLR at (NP (NP (NP (QP 374.6 million) shares) (VP traded)))) , (ADVP down (PP from (NP (NP (QP 405.4 million)) (NP-TMP Tuesday))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ the market) (VP gained (NP some late steam) (PP on (NP (NP a flurry) (PP of (NP (NP buying) (PP by (NP (NP market-makers) (VP looking (PP-CLR at (NP (NP blue-chip issues and stocks) (VP viewed (NP *) (PP-CLR as (ADJP oversold (PP-TMP during (NP (NP the market 's) recent downtrend)))))))))))))))))) .)) (TOP (S (PP Outside (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (ADVP essentially) (VP amounted (PP-CLR to (NP a bookkeeping exercise)))))) , (NP-SBJ dealers) (VP said (SBAR 0 (S (NP-SBJ-2 London dealings) (VP were (ADVP largely) (VP dulled (NP *-2) (PP by (NP-LGS (NP the absence) (PP of (NP active interest)) (PP-LOC beyond (NP the market-makers))))))))) .)) (TOP (S-2 (NP-SBJ-1 The late buying) (VP was (VP drawn (NP *-1) (PP-DIR into (NP the London market)) (PRN , (S (NP-SBJ dealers) (VP added (SBAR 0 (S *T*-2)))) ,) (SBAR-TMP after (S (NP-SBJ Wall Street) (VP showed (NP (NP signs) (PP of (NP stability))) (PP-TMP following (NP its rocky opening))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP suffered (PP-TMP on (NP the day)))))) (VP were (NP-PRD (NP those) (PP with (NP active U.S. operations))))) , (NP-SBJ dealers) (VP noted (SBAR 0 (S *T*-2))) .)) (TOP (SINV (PP-LOC-PRD-TPC-2 Among (NP them)) (VP were (PP-LOC-PRD *T*-2)) (NP-SBJ (NP B.A.T Industries) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP settled (ADVP-CLR (NP-ADV (NP 6 pence) (NP-ADV a share)) lower) (PP-CLR at (NP (NP 753) (PRN -LRB- (NP $ 12.10 *U*) -RRB-))))))) .)) (TOP (S (NP-SBJ-1 Hanson) , (PP with (S-NOM (NP-SBJ (QP 15 million) shares) (VP traded (NP *)))) , (VP closed (ADVP-CLR (NP-ADV 2.5) lower) (PP-CLR at (NP 212.5))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ-1 the shares) (VP were (VP hit (NP *-1) (PP by (NP-LGS (NP fears) (PP of (NP (NP a slowdown) (PP-LOC in (NP the U.S. economy))))))))))) .)) (TOP (S (NP-SBJ-1 Cable & Wireless) (VP benefited (PP-CLR from (NP a market squeeze)) , (S-ADV (NP-SBJ *-1) (VP bouncing (NP-EXT 13) (PP-CLR to (NP 498)) (PP-LOC in (NP (ADJP moderately active) volume))))) .)) (TOP (S (NP-SBJ-1 Jaguar) (VP was (VP boosted (NP *-1) (NP-EXT 21) (PP-DIR to (NP 715)) (PP on (NP follow-through buying)) (PP-TMP after (NP (NP (NP Ford Motor 's) announcement (SBAR *ICH*-2)) (NP-TMP Tuesday) (SBAR-2 that (S (NP-SBJ-3 it) (VP might (VP be (ADJP-PRD prepared (S (NP-SBJ *-3) (VP to (VP mount (NP (NP a full bid) (PP for (NP the U.K. luxury auto maker))))))))))))))) .)) (TOP (S (NP-SBJ-2 It) (VP was (ADVP-TMP further) (VP helped (NP *-2) (PP by (NP-LGS (NP Ford) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP announced (PP-TMP after (NP (NP London 's) close)) (SBAR that (S (NP-SBJ it) (VP had (VP raised (NP its stake) (PP-CLR to (NP 12 %)) (PP-CLR from (NP (NP (QP just under 11) %) (PP-TMP on (NP Tuesday))))))))))))))) .)) (TOP (S (NP-SBJ-1 Frankfurt prices) (VP closed (ADVP-CLR sharply lower) (PP in (NP thin dealings)) , (S-ADV (NP-SBJ-2 *-1) (VP hurt (NP *-2) (PP by (NP-LGS (NP (NP (NP the roller-coaster session) (PP-LOC on (NP Wall Street))) (NP-TMP Tuesday)) and (NP (NP worries) (PP about (NP (NP wage demands) (PP by (NP the largest (ADJP West German) trade union)))))))))) .)) (TOP (S (NP-SBJ-1 The German stock index) (VP tumbled (NP-EXT 26.29) (S-CLR (NP-SBJ *-1) (VP to (VP end (X at))))))) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP was (ADJP-PRD dead , listless , depressing and negative))) , '' (VP said (S *T*-1)) (NP-SBJ (NP one trader) (PP-LOC at (NP (NP a U.S. bank) (PP-LOC in (NP Frankfurt))))) .)) (TOP (S `` (NP-SBJ There) (VP was (NP-PRD (NP little turnover) and (NP (NP nothing) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP stimulate (NP the market)))))))) . '')) (TOP (S (S-TPC-2 (NP-SBJ Equities) (VP tumbled (PP-TMP at (NP the opening)) (SBAR-TMP as (S (NP-SBJ (NP (NP Tuesday 's) gyrations) (PP-LOC on (NP (NP Wall Street) , (SBAR (WHADVP-1 where) (S (NP-SBJ the Dow Jones Industrial Average) (VP recovered (NP (NP most) (PP of (NP an 80-point loss))) (ADVP-LOC *T*-1)))) ,))) (VP fueled (NP (NP fears) (PP of (NP another stock market crash)))))))) , (NP-SBJ brokers) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Tough talk) (PP from (NP (NP trade union officials) (PP-LOC at (NP (NP the conference) (PP of (NP the powerful IG Metall metals worker union)) (PP-LOC in (NP West Berlin))))))) (VP raised (NP (NP the specter) (PP of (NP (NP nationwide strikes) (NP-TMP next spring)))))) , (NP-SBJ they) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP For (NP the 1990 wage negotiations)) , (NP-SBJ the IG Metall) (VP is (VP demanding (NP (NP (NP (NP a further cut) (PP in (NP the German workweek))) and (NP steep wage increases)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP could (ADVP sharply) (VP increase (NP (NP the costs) (PP for (NP German industry)))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ (NP All the positive figures) (PP on (NP the economy))) (VP are (ADVP-PRD out) (ADVP already))) , and (S (NP-SBJ people) (VP are (VP focusing (ADVP more) (PP-CLR on (NP (NP (NP the dangers) (PP for (NP next year))) , (ADVP mostly) (NP (NP the wage talks) and (NP the -LCB- parliamentary -RCB- elections)))))))) , '' (NP-SBJ the U.S. trader) (VP said (S *T*-1)) .)) (TOP (S (S-TPC-1 (NP-SBJ The market) (ADVP also) (VP shrugged (PRT off) (NP (NP positive factors) , (PP such as (NP (NP higher bond prices) and (NP (NP a slowdown) (PP-LOC in (NP monetary growth)) (PP-TMP in (NP September)))))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ They) (VP said (SBAR 0 (S (NP-SBJ they) (VP expect (S (NP-SBJ the bearish mood) (VP to (VP persist (ADVP-TMP (NP a while) longer)))) , (SBAR-PRP as (S (S (NP-SBJ trading volume) (VP is (VP falling (PP-TMP toward (NP (NP the end) (PP of (NP the year))))))) and (S (NP-SBJ the market) (VP is (VP becoming (ADJP-PRD more volatile)))))))))) .)) (TOP (S (PP-LOC In (NP the auto sector)) , (S (NP-SBJ Bayerische Motoren Werke) (VP plunged (NP-EXT 14.5 marks) (PP-CLR to (NP (NP 529 marks) (PRN -LRB- (NP $ 288 *U*) -RRB-))))) , (S (NP-SBJ Daimler-Benz) (VP dropped (NP-EXT 10.5) (PP-CLR to (NP 700)))) , and (S (NP-SBJ Volkswagen) (VP slumped (NP-EXT 9) (PP-CLR to (NP 435.5)))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Continental) (VP gave (PRT up) (NP (NP some) (PP of (NP its recent gains))) , (S-ADV (NP-SBJ *-1) (VP dropping (NP-EXT 8) (PP-CLR to (NP 338)))) , (SBAR-TMP as (S (NP-SBJ (NP rumors) (PP of (NP (NP an impending takeover attempt) (PP for (NP the tiremaker))))) (VP faded))))) , (NP-SBJ brokers) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 Deutsche Bank) (VP plummeted (NP-EXT 12) (PP-CLR to (NP 645)) , (S-ADV (NP-SBJ-2 *-1) (VP hurt (NP *-2) (PP by (NP-LGS the general mood))))) .)) (TOP (S (NP-SBJ Other banks) (VP were (ADJP-PRD (ADVP slightly more) resilient) , (PP with (S-NOM (S (NP-SBJ Dresdner Bank) (VP shedding (NP-EXT 4.8) (PP-CLR to (NP 320)))) , and (S (NP-SBJ Commerzbank) (VP slipping (NP-EXT 2.5) (X to)))))))) (TOP (S (ADVP Meanwhile) , (NP-SBJ (NP Wall Street 's) volatility) (VP unnerved (NP (NP investors) (PP-LOC in (NP other markets)))) .)) (TOP (S (NP-SBJ-1 Share prices) (VP (VP closed (ADVP-CLR lower) (PP-LOC-3 in (NP (NP Paris) , (NP Zurich) , (NP Brussels) , (NP Milan) and (NP Stockholm)))) , and (VP (S-CLR-ADV=2 (NP-SBJ *-1) (ADJP-PRD mixed)) (PP-LOC=3 in (NP Amsterdam)))) .)) (TOP (S (PP-LOC Among (NP Pacific markets)) , (NP-SBJ-1 prices) (VP closed (ADVP-CLR lower) (PP-LOC in (NP (NP Sydney) , (NP Seoul) , (NP Hong Kong) , (NP Manila) , (NP Singapore) and (NP Wellington)))) .)) (TOP (S (NP-SBJ-1 (NP Trading) (PP-LOC in (NP Taipei))) (VP was (VP suspended (NP *-1) (PP-PRP for (NP a national holiday)))) .)) (TOP (S (NP-SBJ Here) (VP are (NP-PRD (NP price trends) (PP-LOC on (NP (NP the world 's) major stock markets)) , (SBAR-MNR (WHNP-2 0) as (S (NP-SBJ-1 *-2) (VP calculated (NP *-1) (PP by (NP-LGS (NP Morgan Stanley Capital International Perspective) , (NP-LOC Geneva)))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP make (S (NP-SBJ them) (ADJP-PRD directly comparable))))) , (NP-SBJ-1 each index) (VP is (VP based (NP *-1) (PP-CLR on (S-NOM (NP-SBJ (NP the close) (PP of (NP 1969))) (VP equaling (NP 100)))))) .)) (TOP (S (NP-SBJ The percentage change) (VP is (PP-TMP-PRD since (NP year-end))) .)) (TOP (S (NP-SBJ (NP French chemicals group) , (NP Orkem S.A.) ,) (VP said (NP-TMP Wednesday) (SBAR 0 (S (NP-SBJ it) (VP has (VP made (NP (NP a bid) (PP for (NP (NP control) (PP of (NP (NP Coates Brothers PLC) , (NP (NP a British manufacturer) (PP of (NP (NP inks) and (NP polyester resins)))))))))))))) .)) (TOP (S (NP-SBJ State-controlled Orkem) (ADVP already) (VP owns (NP (NP 40.6 %) (PP of (NP Coates)))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The remainder) (VP is (VP held (NP *-1) (PP (PP by (NP-LGS the public)) and (PP by (NP-LGS family interests)))))) , (NP-SBJ (NP a spokeswoman) (PP for (NP the French group))) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-2 Orkem) (VP declined (S (NP-SBJ *-2) (VP to (VP give (NP (NP details) (PP of (NP its offer)))))) , (S-ADV (NP-SBJ *-2) (VP saying (ADVP only) (SBAR that (S (NP-SBJ-1 the bid) (VP will (VP be (VP submitted (NP *-1) (PP-CLR for (NP approval)) (PP by (NP-LGS (NP the board) (PP of (NP the British company)))))))))))) .)) (TOP (S (NP-SBJ-2 The Democratic-controlled House) , (PP by (NP (NP a margin) (PP of (NP 51 votes)))) , (VP failed (S (NP-SBJ *-2) (VP to (VP override (NP (NP (NP President Bush 's) veto) (PP of (NP (NP legislation) (VP renewing (NP (NP federal support) (PP of (NP (NP Medicaid abortions) (PP for (NP (NP poor women) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (NP-PRD (NP victims) (PP of (NP rape and incest))))))))))))))))))) .)) (TOP (S (NP-SBJ The 231-191 roll call) (VP illustrates (NP (NP the limits) (PP of (NP power)) (SBAR (WHNP-192 0) (S (NP-SBJ a resurgent abortion-rights movement) (ADVP still) (VP faces (NP *T*-192)))))) .)) (TOP (S (NP-SBJ-1 It) (VP (VP continues (S (NP-SBJ *-1) (VP to (VP gain (NP strength) (PP-LOC in (NP the chamber)))))) but (VP remains (ADVP far short (PP of (NP (NP the two-thirds majority) (VP required (NP *) (S-CLR (NP-SBJ *) (VP to (VP prevail (PP over (NP Mr. Bush))))))))))) .)) (TOP (S (S (NP-SBJ-1 Democrats) (VP voted (S (NP-SBJ *-1) (VP to (VP override))) (PP by (NP a 3-1 margin)))) , but (S (NP-SBJ Republicans) (VP were (ADJP-PRD equally firm (PP in (NP (NP support) (PP of (NP (NP the president) , (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP has (VP threatened (S (NP-SBJ *-3) (VP to (VP make (S (NP-SBJ abortion) (NP-PRD (NP a decisive issue) (PP on (NP (QP at least three) separate fiscal 1990 spending bills)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Yesterday 's) vote) (VP dealt (PP-CLR with (NP (NP (NP the largest) (PP of (NP these bills))) , (NP (NP an (ADJP (QP estimated $ 156.7 billion) *U*) measure) (VP funding (NP (NP the departments) (PP of (NP (NP Labor) , (NP Education) , and (NP (NP Health) and (NP Human Services)))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP gain (NP more leverage)))) , (NP-SBJ-1 abortion-rights advocates) (VP may (VP seek (S (NP-SBJ *-1) (VP to (VP fold (NP the bill) (PP-CLR into (NP an omnibus continuing resolution))))) (NP-TMP next month))) .)) (TOP (S But (NP-SBJ (NP the stark numbers) (NP-TMP (NP yesterday) -- (SBAR (WHADVP-2 when) (S (NP-SBJ-1 282 votes) (VP were (VP needed (NP *-1) (ADVP-TMP *T*-2))))) --)) (VP indicate (SBAR 0 (S (NP-SBJ the president) (VP is (PP-LOC-PRD in (NP a commanding position)) (PP-TMP for (NP (ADVP at least) this year)))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV Unless (S (NP-SBJ he) (VP changes))) , (NP-SBJ they) (VP lose)) , '' (VP said (S *T*-1)) (NP-SBJ a Democratic leadership aide) .)) (TOP (S (NP-SBJ The action) (VP came (SBAR-TMP as (S (NP-SBJ Congress) (VP sent (PP-DTV to (NP the president)) (NP-TMP last night) (NP (NP a stopgap spending bill) (SBAR (WHADVP 0) (S (NP-SBJ *) (VP to (VP (VP keep (S (NP-SBJ the government) (VP operating (PP-TMP through (NP Nov. 15))))) and (VP provide (NP (NP (QP $ 2.85 billion) *U*) (PP in (NP emergency funds)) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP assist (PP-LOC in (NP (NP the recovery) (PP from (NP (NP Hurricane Hugo) and (NP the California earthquake))))) (ADVP *T*-2)))))))))))))))) .)) (TOP (S (S (PP-MNR By (NP a lopsided 97-1 margin)) , (NP-SBJ-1 the Senate) (VP approved (NP the measure) (PP after (S-NOM (NP-SBJ *-1) (VP attaching (NP (NP further provisions) (VP sought (NP *) (PP by (NP-LGS the influential California delegation))))))))) and , (S (PP despite (NP reservations)) , (NP-SBJ the House) (VP adopted (NP the bill) (PP-CLR on (NP a 303-107 roll call)))) .)) (TOP (S (NP-SBJ The package) (VP is (PP-PRD (NP (QP more than $ 1 billion) *U*) above (NP (NP the recommendations) (PP of (NP Budget Director Richard Darman)) (NP-TMP this week)))) .)) (TOP (S But (PP given (NP (NP the political importance) (PP of (NP California)))) , (NP-SBJ-1 the administration) (VP was (ADJP-PRD content (S (NP-SBJ-2 *-1) (VP to (VP use (NP its influence) (S-CLR (NP-SBJ *-2) (VP to (VP prevent (NP (NP any Senate amendments) (VP adding (NP further new appropriations))))))))))) .)) (TOP (S (S (NP-SBJ The (ADJP (QP $ 2.85 billion) *U*) measure) (VP comes (PP on (NP (NP top) (PP of (NP (NP (QP $ 1.1 billion) *U*) (VP appropriated (NP *) (SBAR-TMP after (S (NP-SBJ Hugo) (VP struck (NP the Carolinas and Caribbean) (NP-TMP last month))))))))))) , and (S (NP-SBJ these totals) (VP do n't (VP reflect (NP (NP the additional benefit) (PP of (NP low-interest disaster loans)))))) .)) (TOP (S (NP-SBJ (NP The bill) (NP-TMP last night)) (VP (VP includes (NP (NP (QP $ 500 million) *U*) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 *) (VP to (VP help (S (NP-SBJ *-1) (VP finance (NP this credit))) (ADVP-MNR *T*-2))))))) and (VP (ADVP further) raises (NP (NP the obligation ceiling) (PP for (NP the Small Business Administration))) (ADVP sixfold) (PP-CLR to (NP (QP $ 1.8 billion) *U*)) (S-PRP (NP-SBJ *) (VP to (VP accommodate (NP the expected loan activity)))))) .)) (TOP (S (PP In (NP direct cash assistance)) , (S (NP-SBJ-2 (NP (QP $ 1 billion) *U*) (PP *ICH*-1)) (VP is (VP provided (NP *-2) (PP-1 in (NP federal highway construction funds))))) , and (S (NP-SBJ-3 (QP $ 1.35 billion) *U*) (VP is (VP divided (NP *-3) (PP-CLR between (NP (NP general emergency aid) and (NP (NP a reserve) (SBAR (WHNP-4 0) (S (NP-SBJ-5 *T*-4) (VP to (VP be (ADJP-PRD available (PP to (NP the president)) (S (NP-SBJ *-5) (VP to (VP meet (NP (NP unanticipated costs) (PP from (NP the two disasters))))))))))))))))) .)) (TOP (S (PP-LOC In (NP the Senate)) , (NP-SBJ-1 Majority Whip Alan Cranston) (VP used (NP his position) (S-CLR (NP-SBJ *-1) (VP to (VP win (NP (CONJP not only) (NP the expanded credit) (CONJP but also) (NP (ADJP more generous) treatment (SBAR than (S (NP-SBJ the House) (VP had (VP permitted (NP *?*) (PP-LOC in (NP (NP the distribution) (PP of (NP highway funds)) (PP-TMP in (NP the next six months)))))))))))))) .)) (TOP (S (S (NP-SBJ-1 The emergency assistance) (VP would n't (VP be (VP counted (NP *-1) (PP-CLR against (NP (NP (NP a state 's) normal allocation) (PP of (NP annual highway funds)))))))) , and (S (NP-SBJ the bill) (VP circumvents (NP (NP existing restrictions) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (ADVP otherwise) (VP would (VP prevent (NP (NP the use) (PP of (NP federal aid)) (S-CLR (NP-SBJ *) (VP to (VP repair (NP (NP a toll road) , (PP such as (NP (NP the (ADJP San Francisco-Oakland) Bay Bridge) (VP damaged (NP *) (PP-TMP in (NP (NP last week 's) earthquake))))))))))))))))) .)) (TOP (S (S (NP-SBJ The underlying stopgap bill) (VP is (NP-PRD (NP the second) (VP required (NP *) (PP by (NP-LGS Congress)) (NP-TMP this fall))))) and , (S (SBAR-TMP since (S (NP-SBJ the current fiscal year) (VP began (NP-TMP Oct. 1)))) , (NP-SBJ only the Energy and Interior departments) (VP are (VP operating (PP-CLR on (NP (NP permanent appropriations) (VP enacted (NP *) (PP-CLR into (NP law)))))))) .)) (TOP (S (S (NP-SBJ-1 (NP The standoff) (PP over (NP abortion))) (VP is (ADJP-PRD certain (S (NP-SBJ *-1) (VP to (VP contribute (PP-CLR to (NP further delays)))))))) and , (S (ADVP apart (PP from (NP (NP the health and education measure) (VP vetoed (NP *) (PP by (NP-LGS Mr. Bush)))))) , (NP-SBJ (NP bills) (VP funding (NP (NP (NP the District) (PP of (NP Columbia))) and (NP the entire U.S. foreign-aid budget)))) (VP are (PP-PRD in (NP jeopardy)) (PP-PRP because of (NP related abortion or family-planning issues)))) .)) (TOP (S (S (NP-SBJ (NP The vote) (NP-TMP yesterday)) (VP was (NP-PRD (NP the (ADJP most partisan)) (PP in (NP many years))))) , and (S (SBAR-ADV though (S (NP-SBJ the Democratic leadership) (VP is (ADJP-PRD ambivalent (PP about (SBAR-NOM (WHADVP how) (S (NP-SBJ *) (VP to (VP address (NP the abortion issue)))))))))) , (NP-SBJ the debate) (VP is (ADVP increasingly) (VP measured (PP-MNR in (NP party terms))))) .)) (TOP (S (NP-SBJ (NP The 189 Democrats) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP supported (NP the override) (NP-TMP yesterday))))) (VP compare (PP-CLR with (NP (NP (NP-3 175) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (ADVP-TMP initially) (VP backed (NP the rape-and-incest exemption) (ADVP-TMP-4 (NP two weeks) ago) (PP-5 *NOT*))))) and (NP (NP=3 136) (NP-TMP=4 last year) (PP=5 on (NP a similar vote)))))) .)) (TOP (S (PP By (NP comparison)) , (NP-SBJ Republicans) (VP have (VP held (ADVP closer (PP to (NP the anti-abortion movement))))) .)) (TOP (S (NP-SBJ (NP Only 42 GOP members) (NP *ICH*-2)) (VP opposed (NP (NP the president 's) veto) , (NP-2 (NP (NP a marginal increase) (PP over (NP (NP the vote) (ADVP-TMP (NP two weeks) ago)))) and (NP (NP (QP just 12) more) (PP than (NP (NP the 30) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP supported (NP the rape-and-incest exemption) (NP-TMP last year))))))))) .)) (TOP (S (S (PP-LOC At (NP a recent White House meeting)) , (NP-SBJ (NP Rep. Silvio Conte) (PRN -LRB- (NP (NP R.) , (NP-LOC Mass.)) -RRB-) , (NP (NP the ranking minority member) (PP of (NP the House Appropriations Committee))) ,) (VP argued (PP-CLR with (NP (NP his friend) (NP Mr. Bush))) (PP-CLR against (NP a veto)))) , and (S (SBAR-ADV though (S (NP-SBJ (NP Mr. Conte) and (NP (NP Minority Leader Robert Michel) (PP of (NP Illinois)))) (VP stood (PP-CLR with (NP the president)) (NP-TMP yesterday)))) , (NP-SBJ they) (VP are (ADJP-PRD plainly uncomfortable (PP with (NP his position))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ This) (VP is n't (NP-PRD a political issue))) , (S (NP-SBJ this) (VP is (NP-PRD a moral issue)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Rep. Henry Hyde) (PRN -LRB- (NP (NP R.) , (NP-LOC Ill.)) -RRB-) , (NP (NP the (ADJP most eloquent) spokesman) (PP for (NP the anti-abortion movement)))) .)) (TOP (S But (PP-TMP after (NP (NP years) (PP of (S-NOM (NP-SBJ *) (VP using (NP the issue) (PP-CLR for (NP its benefit))))))) , (NP-SBJ the GOP) (VP finds (S (NP-SBJ its candidates) (PP-PRD on (NP the defensive)))) .)) (TOP (S (NP-SBJ-2 New Jersey gubernatorial candidate Rep. James Florio) (ADVP-MNR pointedly) (VP returned (PP-DIR from (NP campaigning)) (S-PRP (NP-SBJ *-2) (VP to (VP vote (PP-CLR against (NP the president))))) (NP-TMP yesterday) (PP in (NP (NP contrast) (PP with (NP (NP his opponent) , (NP GOP Rep. James Courter) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP has (ADVP-MNR ardently) (VP supported (NP abortion restrictions) (PP-TMP in (NP the past)))) but (VP was (ADJP-PRD absent)))))))))) .)) (TOP (S (PP In (NP (NP an extraordinary mix) (PP of (NP (NP cultures) and (NP church-state powers))))) , (NP-SBJ (NP Rep. Robert Dornan) (PRN -LRB- (NP (NP R.) , (NP-LOC Calif .)) -RRB-)) (VP lectured (NP-1 (NP his fellow Roman Catholics) -- (PP including (NP Mr. Florio)) --) (PP-CLR for (S-NOM (NP-SBJ *-1) (VP having (NP (NP the `` chutzpah '') (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP disagree (PP-CLR with (NP (NP the hierarchy) (PP of (NP their church)))) (PP on (NP abortion)) (ADVP *T*-2)))))))))) .)) (TOP (S (NP-SBJ Rep. Les AuCoin) (VP was (ADJP-PRD as blunt) (PP on (NP (NP behalf) (PP of (NP the abortion-rights movement))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP may not (VP make (S (NP-SBJ George Bush) (NP-PRD a one-term president))))) , '' (VP said (S *T*-1)) (NP-SBJ-2 the Oregon liberal) , (S-ADV (NP-SBJ *-2) (VP addressing (NP (NP the Republican side) (PP of (NP the House))))) .)) (TOP (S `` But (SBAR-ADV if (S (NP-SBJ you) (VP support (NP him) (PP-CLR over (NP rape victims))))) , (NP-SBJ this) (VP may (VP be (NP-PRD your last term))) . '')) (TOP (S (ADVP Separately) , (NP-SBJ the House) (NP-TMP last night) (VP approved (NP (NP a (ADJP (QP nearly $ 67 billion) *U*) compromise spending bill) (VP (VP providing (NP (NP the first construction funds) (PP for (NP (NP the administration 's) ambitious space station))) (PP-TMP in (NP fiscal 1990))) and (VP incorporating (NP (NP far-reaching provisions) (VP affecting (NP the federal mortgage market))))))) .)) (TOP (S (S (NP-SBJ-1 (NP The current ceiling) (PP on (NP (NP home loans) (VP insured (NP *) (PP by (NP-LGS the Federal Housing Administration)))))) (VP would (VP be (VP increased (NP *-1) (PP-CLR to (NP $ 124,875 *U*)))))) , and (S (NP-SBJ the bill) (VP gives (NP (NP the Department) (PP of (NP Housing and Urban Development))) (NP new authority (S (NP-SBJ *) (VP to (VP facilitate (NP (NP the refinancing) (PP of (NP (NP subsidized loans) (PP for (NP low-income homeowners))))))))))) .)) (TOP (S (PP-MNR By (NP a 325-92 margin)) , (NP-SBJ the Appropriations Committee leadership) (VP beat (PRT back) (NP (NP an early challenge) (PP by (NP (NP House Banking Chairman Henry Gonzalez) (PRN -LRB- (NP (NP D.) , (NP-LOC Texas)) -RRB-))) (PP to (NP the FHA provision)))) .)) (TOP (S And (PP on (NP a closer 250-170 roll call)) , (NP-SBJ lawmakers) (VP upheld (NP (NP controversial agreements) (VP made (NP *) (PP by (NP-LGS a House-Senate conference))) (VP earmarking (NP community development funds) (PP-CLR for (NP (NP (QP more than 40) projects) (VP backed (NP *) (PP by (NP-LGS (ADJP often influential) members)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Rupert Murdoch) (VP acquired (NP (NP a (ADJP 25 %) stake) (PP in (NP Grupo Zeta S.A.))))) , (NP-SBJ the leading Spanish magazine and newspaper publisher) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The transaction) (VP called (SBAR for (S (NP-SBJ (NP (NP Mr. Murdoch 's) News International PLC) , (NP (NP a unit) (PP of (NP Australia-based News Corp.))) ,) (VP to (VP subscribe (PP-CLR to (NP (NP a rights issue) (PP by (NP Zeta)) (VP valued (NP *) (PP-CLR at (NP (NP (QP 6.65 billion) pesetas) (PRN -LRB- (NP (QP $ 57 million) *U*) -RRB-))))))))))) .)) (TOP (SINV (VP-TPC-1 (ADVP Also) participating (PP-CLR in (NP the issue))) (VP was (VP *T*-1)) (NP-SBJ Servifilm Spain Cinematografica S.A) .)) (TOP (S (NP-SBJ (NP The film producer) , (VP owned (NP *) (PP by (NP-LGS Madrid-based financier Jacques Hachuel))) ,) (VP received (NP (NP a (ADJP 5 %) stake) (PP in (NP the Barcelona-based publishing group)))) .)) (TOP (S (S-TPC-1 (NP-SBJ The cash injection) (VP boosted (NP (NP Zeta 's) capital) (ADVP (ADVP more) (PP than (ADVP four-fold))) , (PP-DIR to (NP (QP 8.47 billion) pesetas)) (PP-DIR from (NP (QP 1.82 billion) pesetas)) , (S-ADV (NP-SBJ *) (VP (ADVP greatly) enhancing (NP (NP the group 's) ability (S (NP-SBJ *) (VP to (VP make (NP investments))))))))) , (NP-SBJ Zeta officials) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP Following (NP (NP its failure (S *ICH*-1)) (NP-TMP last month) (S-1 (NP-SBJ *) (VP to (VP win (NP a license) (PP for (NP (NP one) (PP of (NP (NP Spain 's) (ADJP first three) private television stations))))))))) , (NP-SBJ Zeta) (VP is (VP seeking (NP investment opportunities) (PP-LOC in (NP communications and publishing)))) .)) (TOP (S (PP With (NP (NP annual sales) (PP of (NP (QP about 30 billion) pesetas)))) , (NP-SBJ Zeta) (VP publishes (NP (NP (NP (QP over a dozen) magazines) , (PP including (NP (NP the popular Tiempo , Interviu and Panorama)))) , and (NP three regional dailies))) .)) (TOP (S (NP-SBJ Chairman Antonio Asensio) (VP will (VP retain (NP (NP a (ADJP 70 %) share) (PP in (NP Zeta))))) .)) (TOP (S (NP-SBJ-1 The New York Stock Exchange) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP launch (NP its own program trading vehicle) (NP-TMP today)))) , (SBAR-TMP just as (S (NP-SBJ (NP controversy) (PP over (NP this trading strategy))) (VP heats (PRT up)))))) .)) (TOP (S (NP-SBJ-1 The Big Board) (NP-TMP this morning) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP begin (S (NP-SBJ *-2) (VP trading (NP (NP its Exchange Stock Portfolio `` basket '' product) , (NP (NP the first program-trading vehicle) (VP carrying (NP (NP (NP the exchange 's) seal) (PP of (NP approval)))))))))))) .)) (TOP (S (NP-SBJ ESPs) (VP will (VP allow (S (NP-SBJ institutional investors) (VP to (VP buy or sell (NP (NP all 500 stocks) (PP-LOC in (NP (NP Standard & Poor 's) index))) (PP-MNR in (NP (NP a single trade) (PP of (NP (NP a minimum) (PP of (NP (QP $ 5 million) *U*))))))))))) .)) (TOP (S (NP-SBJ (NP `` Customized '' baskets) (PP of (NP fewer stocks))) (VP will (ADVP also) (VP be (ADJP-PRD available))) .)) (TOP (S (NP-SBJ The Securities and Exchange Commission) (VP gave (NP provisional six-month approval) (PP-DTV to (NP the Big Board basket)) (PP-LOC at (NP a meeting)) (NP-TMP late yesterday)) .)) (TOP (S (NP-SBJ The SEC) (PP-TMP at (NP the same time)) (VP approved (NP (NP a (ADJP similar but smaller) basket product) (PP-LOC on (NP (NP the Chicago Board Options Exchange) , (SBAR (WHADVP-1 where) (S (NP-SBJ the minimum) (VP will (VP be (NP-PRD (QP $ 1.7 million) *U*) (ADVP-LOC *T*-1))))))))) .)) (TOP (SINV (VP-TPC-1 (ADVP Also) approved) (VP was (VP *T*-1)) (NP-SBJ a plan (S (NP-SBJ *) (VP to (VP trade (NP stock portfolios) (PP-MNR by (NP computer)) (PP-TMP after (NP regular hours)) (PP-LOC on (NP the Midwest Stock Exchange)))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ The basket products) (VP are (NP-PRD (NP `` an evolutionary step '') (PP in (S-NOM (NP-SBJ *) (VP solving (NP (NP problems) (PP in (S-NOM (NP-SBJ *) (VP trading (NP (NP big blocks) (PP of (NP stock)))))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP came (PP-CLR to (NP light)) (PP-TMP in (NP the 1987 market crash)))))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ SEC Commissioner Joseph Grundfest) .)) (TOP (S (NP-SBJ-1 New SEC Chairman Richard Breeden) , (S-ADV (NP-SBJ *-1) (VP overseeing (NP his first public meeting))) , (VP said (SBAR 0 (S (NP-SBJ there) (VP have (VP been (NP-PRD concerns (SBAR that (S (NP-SBJ (NP the Big Board 's) basket) (VP could (VP attract (NP (NP investors) (PP with (NP a `` short-term perspective '')) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP would (ADVP-MNR rapidly) (VP turn (PRT over) (NP the product) , (ADVP thus) (S-ADV (NP-SBJ *-3) (VP increasing (NP volatility)))))))))))))))))) .)) (TOP (S But (NP-SBJ (NP Richard Ketchum) , (NP (NP the SEC 's) market regulation chief) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP did n't (VP believe (SBAR 0 `` (S (NP-SBJ this) (VP will (VP spawn (NP (NP dramatic new program-trading strategies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP be (ADJP-PRD destabilizing))))))))))))))) . '')) (TOP (S (NP-SBJ (NP (NP The baskets) (PP on (NP the Big Board and CBOE))) -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP involve (NP (NP (NP the actual S&P stocks) (PRN , (PP unlike (NP (NP the stock-index contracts) (VP (ADVP currently) traded (PP-LOC on (NP the Chicago futures markets))))) ,)) and (NP (NP index options) (PP-LOC on (NP the CBOE))))))) --) (VP will (VP begin (NP trading) (SBAR-TMP as (S (NP-SBJ critics) (VP step (PRT up) (NP (NP their attacks) (PP on (NP (NP program trading) and (NP (NP its contributions) (PP to (NP (NP the stock market 's) wild price swings))))))))))) .)) (TOP (S (NP-SBJ The Big Board) (VP argues (SBAR that (S (NP-SBJ-1 its new product) (VP will (VP (VP help) (CONJP rather than) (VP hurt) (NP the situation) (PP-MNR by (S-NOM (NP-SBJ *-1) (ADVP possibly) (VP drawing (NP business) (PP-DIR from (NP (NP more-volatile forms) (PP of (NP program trading)))))))))))) .)) (TOP (S (NP-SBJ ESPs) (VP are (ADVP also) (NP-PRD (NP an attempt (S *ICH*-1)) (PP by (NP the Big Board)) (S-1 (NP-SBJ *) (VP to (VP head (PRT off) (NP (NP the exodus) (PP of (NP program trading business)) (PP-DIR to (NP (NP overseas markets) (PP such as (NP London)))))))))) .)) (TOP (S (NP-SBJ Big Board officials) (ADVP also) (VP hope (SBAR 0 (S (NP-SBJ Japanese investors) (VP will (VP become (ADJP-PRD interested (PP in (NP (NP the exchange 's) product)))))))) .)) (TOP (S (ADVP Already) , (NP-SBJ (NP many) (PP of (NP (NP the Big Board 's) own floor traders))) (VP are (VP warning (SBAR that (S (NP-SBJ the ESP baskets) (VP are (UCP-PRD (ADJP risky) and (PP not in (NP (NP the best interests) (PP of (NP the investing public)))))))))) .)) (TOP (S (NP-SBJ (NP The 400-member Alliance) (PP of (NP Floor Brokers))) (VP said (SBAR 0 (S (NP-SBJ the new product) , (PP with (NP the (ADJP (QP $ 5 million) *U*) minimum)) , (VP (VP will (VP benefit (ADVP only) (NP big institutional investors))) and (VP could (VP lead (PP-DIR to `` (NP (NP wild spasms) (PP of (NP volatility)))))))))) . '')) (TOP (S (NP-SBJ (NP Stockbrokers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP cater (PP-CLR to (NP individual investors)))))) (VP said (SBAR 0 (S (NP-SBJ (NP the Big Board 's) new product) (VP confirms (SBAR 0 (S (NP-SBJ-2 the exchange) (VP does n't (VP want (S (NP-SBJ *-2) (VP to (VP curtail (NP (NP program trading) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (NP-TMP last month) (VP accounted (PP-CLR for (NP (NP a record 13.8 %) (PP of (NP (NP the exchange 's) average daily volume))))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The New York Stock Exchange) (VP is (VP losing (NP its cool) (ADVP-LOC here)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP James Andrews) , (NP (NP head) (PP of (NP (NP institutional trading) (PP-LOC at (NP (NP Janney Montgomery Scott Inc.) (PP-LOC in (NP Philadelphia)))))))) .)) (TOP (S (NP-SBJ-3 The new stock baskets) `` (VP are (VP going (S (NP-SBJ *-3) (VP to (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD easier) (SBAR-1 for (S (NP-SBJ-2 program trading) (VP to (VP be (VP done (NP *-2)))))))))))) .)) (TOP (S And (NP-SBJ-2 it) (VP 's (VP going (S (NP-SBJ-1 *-2) (VP to (VP be (VP done (NP *-1) (ADVP-TMP more frequently))))) (PP-PRP as (NP (NP the result) (PP of (S-NOM (NP-SBJ *) (VP having (NP (NP more access) (PP to (NP it))) (PP-LOC at (NP different places))))))))) . '')) (TOP (S (NP-SBJ-1 Both (NP (NP the Big Board 's) Exchange Stock Portfolio) and (NP (NP the Chicago exchange 's) Market Basket)) (VP are (VP designed (NP *-1) (PP-PRP for (NP institutional investors)))) .)) (TOP (S (NP-SBJ The Big Board) (VP lists (NP its targets) (PP-CLR as (NP (NP pension plans) , (NP mutual fund managers) and (NP index-arbitrage traders)))) .)) (TOP (S (PP-LOC In (NP index arbitrage)) , (NP-SBJ-1 program traders) (VP buy and sell (NP (NP stocks) and (NP stock-index futures)) (S-PRP (NP-SBJ *-1) (VP to (VP profit (PP-CLR from (NP (NP small price discrepancies) (PP between (NP the markets)))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 only four securities firms) (VP (VP have (VP signed (PRT up) (PP-CLR with (NP the Big Board)) (S-CLR (NP-SBJ *-1) (VP to (VP buy and sell (NP ESPs) (PP-CLR as (NP market makers))))))) , (NP-ADV an unenthusiastic response)) .)) (TOP (S (NP-SBJ The market makers) (ADVP-TMP so far) (VP are (NP-PRD (NP (NP CS First Boston Group 's) First Boston Corp. unit) , (NP Morgan Stanley & Co.) , (NP PaineWebber Group Inc.) and (NP (NP Salomon Inc. 's) Salomon Brothers Inc. unit))) .)) (TOP (S (NP-SBJ (NP Kidder , Peabody & Co.) , (NP (NP a General Electric Co. unit) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP become (NP-PRD (NP the biggest program trader) (PP along (PP with (NP Morgan Stanley))))))))) ,) (VP is n't (NP-PRD a market maker) , (SBAR-ADV although (S (NP-SBJ the Big Board) (VP hopes (SBAR 0 (S (NP-SBJ that) (VP will (VP change)))))))) .)) (TOP (S (ADVP Similarly) , (NP-SBJ-1 the Big Board) (VP hopes (S (NP-SBJ *-1) (VP to (VP entice (NP Merrill Lynch & Co))))) .)) (TOP (S (NP-SBJ Neither) (VP has (NP plans (S (NP-SBJ *) (VP to (VP be (NP-PRD a market maker))))) (PP-TMP for (ADVP now))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ-1 major securities firms) (VP are (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP become (NP-PRD market makers))))) (SBAR-PRP because (S (NP-SBJ they) (VP fear (SBAR 0 (S (NP-SBJ the baskets) (VP may (VP attract (NP only limited trading)))))))))))) .)) (TOP (S (NP-SBJ Big Board officials) (VP say (SBAR 0 (S (NP-SBJ (NP (NP only 25 contracts) (NP-ADV a day)) (ADJP *ICH*-1)) (VP may (VP trade (PP-TMP at (ADJP first)) , (ADJP-1 equivalent (PP to (NP (NP a day 's) action (PP-LOC at (NP a small , regional exchange)))))))))) .)) (TOP (S (SBAR-ADV Even though (S (NP-SBJ the Big Board) (VP says (SBAR 0 (S (NP-SBJ its product) (VP represents (NP a post-crash `` reform))))))) , '' (NP-SBJ some traders) (VP suggest (SBAR that (S (SBAR-ADV if (S (NP-SBJ the new basket) (VP had (VP been (VP trading (PP-TMP during (NP (NP this month 's) (NAC Friday the 13th) market plunge))))))) , (NP-SBJ the Dow Jones Industrial Average) (VP might (VP have (VP dropped (NP-ADV (NP more) (PP than (NP (NP the 190 points) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP did (NP *T*-1))))))))))))) .)) (TOP (S (S-TPC-1 (SBAR-ADV With (S (S (NP-SBJ the futures) (VP locked (NP *) (PP-CLR into (NP a trading halt)) (NP-TMP Oct. 13))) and (S (NP-SBJ (NP trading) (PP-LOC in (NP some individual stock))) (ADJP-PRD difficult)))) , (NP-SBJ program traders) (VP would (VP have (ADVP undoubtedly) (VP fled (PP-DIR to (NP the basket system)))))) , (NP-SBJ the traders) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ we) (VP had (NP the baskets)))) , (NP-SBJ we) (VP would (VP be (VP leaving (PP-MNR in (NP caskets)))))) , '' (NP-SBJ one trader) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP The SEC 's) Mr. Breeden) (VP said (SBAR 0 (S (NP-SBJ-3 (NP the after-hours trading) (PP-LOC on (NP the Midwest exchange))) (VP would (S (NP-SBJ *-3) (VP help (S (NP-SBJ the U.S.) (VP win (PRT|ADVP back) (NP (NP business) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP has (VP moved (ADVP-DIR overseas) (S-PRP (NP-SBJ *-2) (VP to (VP conduct (NP after-hours trades))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Comprehensive Care Corp.) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP has (VP agreed (S (NP-SBJ-1 *-3) (VP to (VP be (VP acquired (NP *-1) (PP by (NP-LGS (ADJP closely held) First Hospital Corp.)))))))))) ,) (VP (VP reported (NP (NP a (ADJP (QP $ 4.7 million) *U*) loss) (PP for (NP its Aug. 31 first quarter)))) and (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP negotiating (NP (NP an extension) (PP of (NP senior bank debt)) (PP past (NP its Oct. 18 due date))))))))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (NP-TMP yesterday) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ-1 Comprehensive Care shares) (VP plunged (NP-EXT $ 3.625 *U*) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 4.75 *U*)) (PP on (NP (NP volume) (PP of (NP 1,177,000 shares)))))))) .)) (TOP (S (NP-SBJ (NP The loss) (PP-TMP in (NP (NP Comprehensive Care 's) latest quarter))) (VP is (ADJP-PRD equal (PP to (NP (NP 46 cents) (NP-ADV a share))))) .)) (TOP (S (PP-TMP In (NP the year-earlier quarter)) , (NP-SBJ Comprehensive Care) (VP earned (NP (NP (QP $ 1.6 million) *U*) , or (NP (NP 18 cents) (NP-ADV a share)))) .)) (TOP (S-1 (NP-SBJ (NP Revenue) (PP-TMP in (NP the latest quarter))) (VP fell (NP-EXT 17 %) (PP-DIR to (NP (QP $ 44 million) *U*)) (PP-DIR from (NP (QP $ 53.2 million) *U*)) (PRN , (S (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1)))) ,) (S-ADV (NP-SBJ *) (VP reflecting (NP (NP (NP poor utilization) (PP of (NP (NP the company 's) facilities))) and (NP its behavioral medicine contracts))))) .)) (TOP (S (NP-SBJ Comprehensive Care shareholders) (VP have (VP approved (NP (NP acquisition) (PP of (NP (NP the developer and operator) (PP of (NP Care-Unit (UCP chemical dependency and psychiatric) programs)))) (PP for (NP (NP (QP about $ 58 million) *U*) (PP in (NP (NP cash) , (NP notes) and (NP (NP stock) (PP of (NP (NP First Hospital) , (NP-LOC Norfolk , Va))))))))))) .)) (TOP (S (NP-SBJ-1 The price) (VP was (VP reduced (NP *-1) (NP-TMP last August) (PP-CLR from (NP (NP an indicated value) (PP of (NP (QP $ 76 million) *U*)))))) .)) (TOP (S (NP-SBJ Comprehensive Care) (VP said (SBAR 0 (S (NP-SBJ First Hospital) (VP had (VP advised (NP it) (SBAR that (S (NP-SBJ-1 both (NP bank debt) and (NP senior notes)) (VP would (VP be (VP repaid (NP *-1) (PP-TMP after (NP the acquisition))))))))))) , (SBAR-ADV although (S (NP-SBJ it) (VP is n't (VP assured (SBAR 0 (S (NP-SBJ-2 the acquisition) (VP will (VP be (VP completed (NP *-2))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ it) (VP is n't (VP completed)))) , (NP-SBJ Comprehensive Care) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP would (VP be `` (VP required (S (NP-SBJ *-1) (VP to (ADVP-TMP promptly) (VP restructure (NP its debt)))))))))) . '')) (TOP (S (NP-SBJ First Hospital) (VP advised (NP Comprehensive Care) (SBAR (SBAR that (S (NP-SBJ-1 (NP an agent) (PP for (NP (NP the financial institutions) (VP providing (NP (NP financing) (PP of (NP its acquisition))))))) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP make (NP a final credit determination) (NP-TMP tomorrow)))))))) , and (SBAR that (S (NP-SBJ a favorable determination) (VP could (VP result (PP-CLR in (NP (NP a reorganization) (PP-LOC at (NP Comprehensive Care)) `` (PP-TMP by (NP (NP the end) (PP of (NP October)))))))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ Failure (S (NP-SBJ *) (VP to (VP win (NP such a determination))))) , (ADVP however) , (VP would (VP lead (S (NP-SBJ Comprehensive Care directors) (VP to `` (VP consider (NP various alternatives))))))) , '' (NP-SBJ-2 Comprehensive Care) (VP said (SBAR 0 (S *T*-1)) , (PP without (S-NOM (NP-SBJ *-2) (VP elaborating)))) .)) (TOP (S (ADVP Separately) , (NP-SBJ First Hospital) (VP reported (NP (NP a (ADJP 1.6 %) rise) (PP-LOC in (NP net income)) (PP-DIR to (NP (QP $ 6.1 million) *U*)) (PP-TMP for (NP (NP its year) (VP ended (NP *) (NP-TMP-CLR June 30)))) (PP on (NP (NP a (ADJP 27 %) increase) (PP-LOC in (NP revenue)) (PP-DIR to (NP (QP $ 110.6 million) *U*)))))) .)) (TOP (S (NP-SBJ It) (VP said , (ADVP however) , (SBAR that (S (NP-SBJ (NP net income) (PP for (NP (NP the two-month period) (VP ended (NP *) (NP-TMP-CLR Aug. 31))))) (VP plunged (PP-DIR to (NP $ 150,000 *U*)) (PP-DIR from (NP $ 851,000 *U*)) (PP-TMP in (NP the prior year)) (PP on (NP (NP a (ADJP 33 %) rise) (PP-LOC in (NP revenue)) (PP-DIR to (NP (QP $ 21.4 million) *U*)))))))) .)) (TOP (S (NP-SBJ (NP A group) (PP including (NP New York investors (NX (NX Douglas A. Kass) and (NX Anthony Pedone))))) (VP holds (NP (NP the equivalent) (PP of (NP (NP a (ADJP 12.6 %) stake) (PP in (NP (NP (NP H.H. Robertson Co. 's) common shares) (ADJP outstanding)))))) , (PP according (PP to (NP (NP a filing) (PP with (NP the Securities and Exchange Commission)))))) .)) (TOP (S (NP-SBJ (NP Officials) (PP of (NP (NP Pittsburgh-based H.H. Robertson) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP (NP steel roofs) , (NP store fronts) and (NP building parts))))) ,))) (VP declined (NP comment)) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 *) (VP reported (NP *-1) (NP-TMP last month)))) , (NP-SBJ Mr. Kass) (VP said (SBAR 0 (S (NP-SBJ he) (VP was (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *) (VP making (NP an offer (S (NP-SBJ *) (VP to (VP buy (NP H.H. Robertson) (PP-CLR for (NP (NP $ 13 *U*) (NP-ADV a share))))))))))))))) .)) (TOP (S (PP-LOC In (NP the SEC filing)) , (NP-SBJ the Kass-Pedone group) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP intends (S (NP-SBJ *-1) (VP to (VP acquire (NP additional H.H. Robertson shares) `` (PP with (NP (NP a view) (PP towards (NP (NP a possible change) (PP in (NP (NP control) (PP of (NP the company))))))))))))))) . '')) (TOP (S (NP-SBJ It) (VP has not , (ADVP however) , (VP made (NP a formal proposal))) .)) (TOP (S (S-TPC-4 (S (NP-SBJ-1 The group) (ADVP also) (VP is (VP engaged (NP *-1) (PP-CLR in (NP (NP talks) (PP with (NP third parties)) (VP regarding (S (NP-SBJ *) (VP obtaining (NP (NP financing) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP buy (NP more shares) (ADVP *T*-3)))))))))))))) , but (S (NP-SBJ-2 no agreements) (VP have (ADVP yet) (VP been (VP reached (NP *-2)))))) , (NP-SBJ the filing) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ The group) (VP controls (NP 795,900 H.H. Robertson common shares) , (S-ADV (NP-SBJ *) (VP assuming (NP (NP exercise) (PP of (NP (NP an option (S *ICH*-2)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP acquired (NP *T*-1) (PP-CLR from (NP Executive Life Insurance Co.))))) (S-2 (NP-SBJ *) (VP to (VP buy (NP 497,400 shares)))))))))) .)) (TOP (S (NP-SBJ Its stake) (VP includes (NP (NP 106,100 shares) (VP bought (NP *) (PP-LOC in (NP the open market)) (PP-TMP (PP from (NP Aug. 30)) (PP to (NP Oct. 18))) (PP-CLR for (NP (NP (QP $ 10.375 to $ 12.125) *U*) (NP-ADV a share)))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ H.H. Robertson) (VP closed (PP-CLR at (NP $ 11.625 *U*)) , (ADVP up (NP 62.5 cents))) .)) (TOP (S (S-TPC-4 (PP After (S-NOM (NP-SBJ *-3) (VP coming (ADVP-DIR close (PP to (NP a partial settlement))) (ADVP-TMP (NP a year) ago)))) , (NP-SBJ-3 (NP shareholders) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP filed (NP (NP civil suits) (PP against (NP (NP Ivan F. Boesky) and (NP (NP the partnerships) (SBAR (WHNP-2 0) (S (NP-SBJ he) (ADVP once) (VP controlled (NP *T*-2)))))))))))) (ADVP-TMP again) (VP are (VP approaching (NP an accord)))) , (NP-SBJ (NP people) (ADJP familiar (PP with (NP the case)))) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (SINV (S-TPC-2 (ADVP Meanwhile) , (PP-TMP within (NP the (ADJP next few) weeks)) , (NP-SBJ-1 (NP the limited partners) (PP-LOC in (NP Ivan F. Boesky & Co . L.P.))) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP reach (NP (NP a partial settlement) (PP with (NP Drexel Burnham Lambert Inc.)) (VP regarding (NP (NP the distribution) (PP of (NP (NP the (QP $ 330 million) *U*) (PP in (NP partnership assets))))))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP one) (PP of (NP the individuals))) .)) (TOP (S (S-TPC-1 (PP Under (NP (NP the terms) (PP of (NP the settlement)))) , (NP-SBJ the limited partners) (VP would (VP drop (NP (NP their civil suits) (PP against (NP Drexel)) , (VP (ADVP-TMP now) pending (PP-LOC in (NP (NP federal court) (PP-LOC in (NP New York))))))))) , (NP-SBJ another individual) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Attorneys) (VP involved (NP *) (PP-CLR in (NP the talks)))) (VP said (SBAR that (S (NP-SBJ the parties) (VP were (ADVP-PRD (ADVP closer) (PP to (NP accord)) (SBAR than (S (NP-SBJ they) (VP were (ADVP-PRD *?*) (ADVP-TMP (ADVP (NP a year) ago) , (SBAR (WHADVP-1 when) (S (NP-SBJ (NP reports) (PP of (NP an imminent agreement))) (VP circulated (ADVP-TMP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ One individual) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the shareholders ') accord) (VP was `` (ADVP well) (VP worked (PRT out) (NP *-1)))))) . '')) (TOP (S (ADVP However) , (NP-SBJ (ADJP less optimistic) attorneys) (VP warned (SBAR that (S (PP-PRP because of (NP (NP the tangle) (PP of (NP (NP numerous defendants and plaintiffs) (PP with (NP overlapping claims)))))) , (NP-SBJ there) (VP is (ADVP-TMP always) (NP-PRD the possibility (SBAR that (S (NP-SBJ the talks) (VP will (ADVP again) (VP fall (ADVP-CLR apart)))))))))) .)) (TOP (S (NP-SBJ (NP A shareholders ') accord) (VP would (VP provide (NP (NP the first restitution) (PP to (NP (NP thousands) (PP of (NP (NP individuals and institutions) (VP claiming (NP (NP losses) (PP as (NP (NP a result) (PP of (NP (NP insider trading) (PP by (NP (NP Boesky & Co.) , (NP (NP (ADVP-TMP once) the largest arbitrage fund) (PP-LOC in (NP the U.S)))))))))))))))))) .)) (TOP (S (NP-SBJ The plaintiffs) (VP are (NP-PRD (NP investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP bought and sold (NP (NP securities) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ (NP Mr. Boesky) and (NP his partnerships)) (VP were (VP dealing (PP-CLR *T*-2))))))))))) .)) (TOP (S (S (NP-SBJ-1 Some) (VP claim (SBAR 0 (S (NP-SBJ they) (VP suffered (NP losses) (SBAR-PRP-2 because (S (NP-SBJ they) (VP sold (SBAR-TMP while (S (NP-SBJ he) (VP was (VP buying)))))))))))) and (S (NP-SBJ=1 others) (SBAR-PRP=2 because (S (NP-SBJ they) (VP bought (SBAR-TMP while (S (NP-SBJ he) (VP was (VP selling)))))))) .)) (TOP (S (NP-SBJ (NP Stocks) (VP involved (NP *) (PP-CLR in (NP the shareholder suits)))) (VP include (NP (NP Union Carbide) , (NP RJR Nabisco) , (NP American Natural Resources) , (NP Boise Cascade Corp.) , (NP General Foods Corp.) , (NP Houston Natural Gas) and (NP FMC Corp))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (QP at least 27) class-action shareholder suits) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP have (VP been (VP consolidated (NP *-1) (PP-LOC in (NP (NP federal court) (PP-LOC in (NP New York)))) (PP-LOC under (NP U.S. District Judge Milton Pollack))))))))) .)) (TOP (SINV (PP-LOC-PRD-1 Among (NP the defendants)) (VP are (PP-PRD-LOC *T*-1)) (NP-SBJ (NP Mr. Boesky) ; (NP the now-defunct Ivan F. Boesky & Co.) ; (NP (NP (NP Mr. Boesky 's) main underwriter) , (NP Drexel Burnham)) ; and (NP (NP Cambrian & General Securities PLC) , (NP (NP a British investment fund) (VP (ADVP-TMP once) controlled (NP *) (PP by (NP-LGS Mr. Boesky)))))) .)) (TOP (S (NP-SBJ (NP Individuals) (ADJP familiar (PP with (NP the negotiations)))) (VP said (SBAR 0 (S (NP-SBJ (NP the partial settlement) (VP being (VP negotiated (NP *)))) (VP would (VP remove (NP (NP the Boesky partnership) , (NP the British fund) and (NP Mr. Boesky)) (PP-CLR as (NP defendants)) , (SBAR-ADV while (S (NP-SBJ (NP Drexel) and (NP other defendants)) (VP would (VP remain))))))))) .)) (TOP (S (NP-SBJ (NP Charles Davidow) , (PP of (NP (NP the (ADJP Washington , D.C.-based) law firm) (NP Wilmer , Cutler & Pickering) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP represents (NP Mr. Boesky) (PP-LOC in (NP this matter))))))) ,) (VP said (ADVP only) (SBAR that `` (S (NP-SBJ discussions) (VP are (PP-PRD under (NP way)))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD no agreements) (ADVP yet)) . '')) (TOP (S (NP-SBJ It) (VP has (VP been (NP-PRD three years) (SBAR-TMP since (S (NP-SBJ-1 Mr. Boesky) , (S-ADV (NP-SBJ *) (ADVP-TMP now) (PP-PRD in (NP prison))) , (VP agreed (S (NP-SBJ-2 *-1) (VP to (VP pay (NP a (ADJP (QP $ 100 million) *U*) fine) (S-PRP (NP-SBJ *-2) (VP to (VP settle (NP (NP the government 's) charges (SBAR that (S (NP-SBJ-3 he) (VP had (VP traded (ADVP-MNR illegally) (S-MNR (NP-SBJ *-3) (VP using (NP insider information))))))))))))))))))) .)) (TOP (S (PP Out (PP of (NP this))) , (NP-SBJ the government) (VP set (PRT up) (NP (NP a (ADJP (QP $ 50 million) *U*) fund) (PP for (NP (NP plaintiffs) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP can (VP prove (NP their financial losses))))))))) .)) (TOP (S (PP According (PP to (NP (NP William Orbe) , (NP (NP an attorney) (PP-LOC at (NP (NP Grais & Richards) , (NP (NP the escrow agents) (PP for (NP the fund)))))) ,))) (PP-TMP as (PP of (NP Sept. 30))) (NP-SBJ the fund) (VP amounted (PP-CLR to (NP (QP $ 60.5 million) *U*))) .)) (TOP (S (ADVP Separately) , (NP-SBJ (NP attorneys) (PP for (NP the (QP 42 or so) limited partners))) (VP have (VP had (NP (NP serious discussions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP lead (PP-DIR to (NP (NP the distribution) (PP of (NP (NP the partnership 's) assets))))))))))) .)) (TOP (S (NP-SBJ The limited partners) (VP include (NP (NP insurance companies) , (NP financial institutions) and (NP individual investors))) .)) (TOP (S (NP-SBJ (NP An agreement) (PP with (NP Drexel)) (VP regarding (NP (NP the limited partners ') investments))) (VP is (NP-PRD (NP an essential step) (PP toward (S-NOM (NP-SBJ *) (VP getting (NP their money) (PRT back)))))) .)) (TOP (S (NP-SBJ This) (VP is (SBAR-PRP-PRD because (S (NP-SBJ a Delaware court) (NP-TMP earlier this year) (VP said (SBAR that (S (NP-SBJ-2 Drexel) (VP is (VP entitled (S (NP-SBJ *-2) (VP to (VP get (NP its money) (PRT back) (PP-TMP (PP before (NP *RNR*-1)) or (PP at (NP (NP the same time) (PP as (NP *RNR*-1)))) (NP-1 the limited partners))))))))))))) .)) (TOP (S (NP-SBJ-1 Drexel) (VP is (VP owed (NP *-1) (NP (QP $ 20 million) *U*) (PP by (NP-LGS the partnership)))) .)) (TOP (S (NP-SBJ (NP An individual) (ADJP familiar (PP with (NP the negotiations)))) (VP said (SBAR that (S (SBAR-NOM-TPC-2 (WHNP-1 whatever investments) (S (NP-SBJ the limited partners) (VP do not (VP recoup (NP *T*-1) (PP-CLR from (NP (NP the (QP $ 330 million) *U*) (PP in (NP partnership assets)))))))) , (NP-SBJ they) (VP will (VP receive (NP *T*-2) (PP-CLR from (NP (NP the (ADJP (QP $ 350 million) *U*) restitution fund) (ADJP available (PP as (NP (NP a result) (PP of (NP (NP (NP Drexel 's) settlement) (PP with (NP the government)) (PP-TMP in (NP December 1988)))))))))))))) .)) (TOP (S (NP-SBJ-4 Drexel) (VP agreed (S (NP-SBJ *-4) (VP to (VP (VP plead (ADJP guilty (PP to (NP six felony counts)))) and (VP pay (NP (NP (QP $ 650 million) *U*) , (SBAR (WHPP-5 of (WHNP which)) (S (NP-SBJ-1 (NP (QP $ 350 million) *U*) (PP *T*-5)) (VP was (VP set (NP *-1) (ADVP-CLR aside) (PP-CLR for (NP (NP shareholders) and (NP (NP other plaintiffs) , (PP including (NP (NP the limited partners) , (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP claim (SBAR 0 (S (NP-SBJ-2 they) (VP were (VP injured (NP *-2) (PP by (NP-LGS Drexel)))))))))))))))))))))))) .)) (TOP (S-HLN (NP-SBJ JAILED AFRICAN-AMERICAN activist) (VP wins (NP (NP a battle) (PP against (NP the)))))) (TOP (S (NP-SBJ U.S. District Judge Robert P. Patterson Jr.) (VP ordered (NP-1 the FBI) (S (NP-SBJ-2 *-1) (VP to (ADVP-TMP immediately) (VP begin (S (NP-SBJ *-2) (VP processing (NP (NP (NP Herman Benjamin Ferguson 's) request) (PP for (NP (NP documents) (VP stemming (PP from (NP (NP (NP the agency 's) investigation) (PP of (NP him)) (PP-TMP during (NP the 1960s)))))))))))))) .)) (TOP (S (NP-SBJ The FBI) (VP had (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP would not (VP be (ADJP-PRD able (S (NP-SBJ-2 *-1) (VP to (VP begin (S (NP-SBJ *-2) (VP processing (NP the request))))))) (PP-TMP until (NP June)))))))))) (TOP (S (NP-SBJ-2 (NP Mr. Ferguson) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD (NP 68 years) old)))) ,) (VP fled (NP the U.S.) (PP-TMP in (NP 1970)) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP exhausting (NP (NP his appeals) (PP of (NP (NP a 1968 conviction) (PP on (NP (NP conspiracy) (PP to (NP murder))))))))))) .)) (TOP (S (NP-SBJ He) (VP turned (NP himself) (PRT in) (PP-CLR to (NP authorities)) (PP-LOC in (NP New York)) (NP-TMP earlier this year)) .)) (TOP (S (NP-SBJ He) (VP maintains (SBAR that (S (NP-SBJ (NP the information) (PP from (NP the FBI))) (VP will (VP help (S (NP-SBJ him) (VP get (S (S (NP-SBJ-1 his 1968 conviction) (VP vacated (NP *-1))) and (S (NP-SBJ-2 his bail-jumping indictment) (VP dismissed (NP *-2))))))))))) .)) (TOP (S (NP-SBJ His attorneys) (VP claim (SBAR 0 (S (NP-SBJ-1 he) (VP was (VP framed (NP *-1) (PP by (NP-LGS (NP the FBI) and (NP New York police))) (PP as (NP (NP part) (PP of (NP a campaign (S (NP-SBJ *) (VP to (VP destroy (NP (NP the black liberation movement) (PP of (NP the 1960s))))))))))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ the federal (NAC Freedom (PP of (NP Information Act)))) (VP was n't (NP-PRD law) (PP-TMP at (NP that time))))) , (NP-SBJ-1 the FBI) (VP was n't (VP required (S (NP-SBJ *-1) (VP to (VP turn (PRT over) (NP (NP information) (PP on (NP its investigations)))))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ Mr. Ferguson) (VP appealed (NP his conviction) (PP-TMP in (NP the 1960s)) (ADVP-TMP *T*-2)))))) .)) (TOP (S But (PP-LOC in (NP (NP federal court) (PP-LOC in (NP Manhattan)))) , (NP-SBJ Judge Patterson) (VP said (SBAR 0 (S (NP-SBJ the FBI records) (VP could (VP show (SBAR that (S (NP-SBJ (NP Mr. Ferguson 's) arrest) (VP was (NP-PRD (NP the result) (PP of (NP questionable legal practices))))))))))) .)) (TOP (S (NP-SBJ The judge) (VP said (SBAR that (S (SBAR-ADV if (S (NP-SBJ-1 (NP the FBI 's) proposed schedule) (VP was (VP followed (NP *-1) (PP in (S-NOM (NP-SBJ *) (VP releasing (NP the documents)))))))) , `` (S (NP-SBJ (NP a delay) (PP of (NP (QP over one) year))) (VP will (VP have (VP occurred)))) and (S (NP-SBJ plaintiff) (VP will (VP have (VP served (NP (NP (QP approximately two-thirds)) (PP of (NP his (ADJP 3 1) minimum sentence))) (PP-TMP by (NP (NP the time) (SBAR (WHADVP-2 0) (S (NP-SBJ he) (VP receives (NP the files) (ADVP-TMP *T*-2))))))))))))) . '')) (TOP (S (NP-SBJ (NP Gabriel W. Gorenstein) , (NP (NP the assistant U.S. attorney) (VP handling (NP the case) (PP for (NP the FBI)))) ,) (VP said (SBAR 0 (S (NP-SBJ-2 (NP no decision) (PP *ICH*-1)) (VP has (VP been (VP made (NP *-2) (PP-1 about (S-NOM (NP-SBJ *) (VP appealing (NP (NP the judge 's) ruling)))))))))) .)) (TOP (S-HLN (NP-SBJ-1 FEDERAL COURTS) (VP URGED (NP-3 *-1) (S (NP-SBJ *-3) (VP to (VP (VP cut (NP (NP costs) (PP *RNR*-2))) and (VP reduce (NP (NP delays) (PP *RNR*-2))) (PP-2 of (NP civil suits)))))) .)) (TOP (S (NP-SBJ (NP The study) , (VP conducted (NP *) (PP by (NP-LGS (NP a task force) (PP of (NP the Brookings Institution))))) ,) (VP suggests (SBAR that (S (NP-SBJ Congress) (VP should (VP require (S (NP-SBJ the courts) (VP to (VP develop (NP the plans))))))))) .)) (TOP (S (NP-SBJ-1 The study) (VP was (VP initiated (NP *-1) (PP by (NP-LGS (NP Senate Judiciary Committee chairman Joseph Biden) (PRN -LRB- (NP (NP D.) , (NP-LOC Del .)) -RRB-))))) .)) (TOP (S (NP-SBJ The Washington , D.C. , think tank) (VP recommends (SBAR that (S (NP-SBJ-1 the courts) (VP adopt (NP (NP different `` tracks '') (PP for (NP (NP different types) (PP of (NP civil cases))))) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP separate (NP (NP the handling) (PP of (NP (ADJP highly complex) suits))) (PP-CLR from (NP simpler ones)))))))))) .)) (TOP (S (NP-SBJ (NP Complex cases) , (PP such as (NP (NP antitrust suits) and (NP many business disputes))) ,) (VP would (VP receive (NP (NP intense supervision) (PP by (NP federal judges))) (S-PRP (NP-SBJ *) (VP to (VP keep (S (NP-SBJ pretrial proceedings) (VP moving))))))) .)) (TOP (S (S (NP-SBJ Standard cases) (VP would (VP require (NP less judicial attention)))) , and (S (NP-SBJ-1 fast-track cases) (VP could (VP be (VP resolved (NP *-1) (ADVP-MNR quickly))))) .)) (TOP (S (NP-SBJ The study) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ each federal court) (VP should (VP set (NP (NP strict time limits) (PP for (NP (NP the pretrial exchange) (PP of (NP documents and evidence)))) , (VP ranging (PP (PP from (NP (NP (QP as much as 100) days) (PP for (NP (NP cases) (PP-LOC in (NP the fast track)))))) (PP to (NP (NP (QP as much as 18) months) (PP for (NP complex disputes)))))))))))) .)) (TOP (S And (NP-SBJ the study) (VP said (SBAR 0 (S (NP-SBJ federal courts) (VP should (VP set (NP firm trial dates) (ADVP-TMP (ADVP early) (PP in (NP the process)))))))) .)) (TOP (S-2 (S-PRP (NP-SBJ *-1) (VP To (VP take (NP-CLR advantage) (PP-CLR of (NP local expertise and custom))))) (PRN , (S (NP-SBJ the study) (VP said (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-1 Congress) (VP should (VP require (S (NP-SBJ (NP each) (PP of (NP the 94 federal district courts))) (VP to (VP adopt (NP its own plan (S (NP-SBJ *) (VP (VP to (VP speed (NP (NP the handling) (PP of (NP civil suits))))) and (VP to (VP reduce (NP (NP the high costs) (PP-LOC in (NP civil cases))))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP some) (PP of (NP (NP the study 's) recommendations))) (VP resemble (NP (NP those) (PP of (NP similar projects)))))) , (NP-SBJ (NP the makeup) (PP of (NP the task force))) (VP was (ADJP-PRD unusually diverse) , (S-ADV (NP-SBJ *) (VP adding (NP significance) (PP-CLR to (NP the effort))))) .)) (TOP (S (NP-SBJ It) (VP included (NP (NP (NP lawyers) (PP from (NP civil rights and consumer groups))) , (NP (NP (NP plaintiffs ') lawyers) and (NP defense attorneys)) , (NP (NP corporate counsel) and (NP law professors)))) .)) (TOP (S (NP-SBJ Businessland Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP purchased (NP (NP a major regional computer retailer) , (NP (NP Data Systems Computer Centre Inc.) , (NP-LOC (NP Springfield) , (NP New Jersey)))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ The purchase) (VP strengthens (NP (NP (NP (ADJP San Jose , Calif.-based) Businessland 's) links) (PP to (NP (NP the large corporations) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (PP-PRD among (NP (NP the biggest buyers) (PP of (NP computers))))))))))) .)) (TOP (S (NP-SBJ Data Systems) (VP (VP has (NP five retail stores) (PP-LOC in (NP the northeast))) , but (VP specializes (PP-CLR in (S-NOM (NP-SBJ *) (VP selling (NP (NP personal computers) (VP made (NP *) (PP by (NP-LGS (NP International Business Machines Corp.) and (NP Apple Computer Inc.))))) (PP-DTV to (NP (NP banks) , (NP brokerage firms) and (NP (NP other big businesses) (VP based (NP *) (PP-LOC-CLR in (NP the New York metropolitan area))))))))))) .)) (TOP (S (NP-SBJ (NP John Fitzsimmons) , (NP (NP chief executive officer) (PP of (NP Data Systems))) ,) (VP said (SBAR 0 (S (NP-SBJ the company) (VP (VP was (ADJP-PRD profitable)) and (VP expected (NP (NP sales) (PP of (NP (QP nearly $ 100 million) *U*))) (NP-TMP this year)))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-2 (NP Businessland) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP operates (NP stores) (PP-LOC in (NP 50 U.S. metropolitan areas))))) ,) (VP planned (S (NP-SBJ *-2) (VP to (VP absorb (NP (NP his firm 's) operations)))))))) .)) (TOP (S (NP-SBJ (NP Eastman Kodak Co.) (PP of (NP Rochester , N.Y. ,))) (VP said (SBAR 0 (S (NP-SBJ-1 its Lehn & Fink Products subsidiary) (VP was (VP restructured (NP *-1) (S-PRP-CLR (NP-SBJ *) (VP to (VP form (NP (NP two operating groups) , (NP (NP (NP one) (PP for (NP (NP household products) (PP such as (NP cleaners and disinfectants))))) and (NP (NP the other) (PP for (NP (NP do-it-yourself products) (PP such as (NP wood finishes and stains))))))))))))))) .)) (TOP (S (NP-SBJ The Montvale , N.J. , unit) (VP said (SBAR 0 (S (NP-SBJ the new operating structure) `` (VP creates (NP (NP a (ADJP more focused and responsive) organization) (VP geared (NP *) (PP-CLR to (S-NOM (NP-SBJ *) (VP (ADVP-MNR effectively) managing (NP (NP the size and scope) (PP of (NP (NP the unit 's) current business)))))))))))) . '')) (TOP (S (NP-SBJ-1 The consumer brands unit) (VP was (VP absorbed (NP *-1) (PP by (NP-LGS the photographic , pharmaceutical and chemical concern)) (NP-TMP (NP last year) (SBAR (WHADVP-2 when) (S (NP-SBJ it) (VP acquired (NP Sterling Drug Inc) (ADVP-TMP *T*-2))))))) .)) (TOP (S (PP-LOC In (NP a related matter)) , (NP-SBJ-1 (NP Peter Black) , (NP (NP president) (PP of (NP consumer brand Minwax))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP group vice president) (PP for (NP the household products operating group)))))) .)) (TOP (S (NP-SBJ-1 (NP Kenneth M. Evans) , (NP (NP president) (PP of (NP Thompson & Formby brand))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP group vice president) (PP of (NP the do-it-yourself operating group)))))) .)) (TOP (S (NP-SBJ (NP (NP Sotheby 's) Holdings Inc.) , (NP (NP the parent) (PP of (NP (NP the auction house) (NP Sotheby 's)))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP its net loss) (PP for (NP the (ADJP seasonally slow) third quarter))) (VP narrowed (PP-CLR from (ADVP (NP a year) earlier)) (PP on (NP (NP a leap) (PP-LOC in (NP operating revenue)))))))) .)) (TOP (S (NP-SBJ The New York-based company) (VP reported (NP (NP a third-quarter net loss) (PP of (NP (NP (QP $ 5.1 million) *U*) , or (NP (NP 10 cents) (NP-ADV a share))))) , (PP compared (PP with (NP (NP a year-earlier net loss) (PP of (NP (NP (QP $ 6.2 million) *U*) , or (NP (NP 12 cents) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ Operating revenue) (VP surged (NP-EXT 54 %) (PP-TMP in (NP the latest period)) (PP-DIR to (NP (QP $ 42.9 million) *U*)) (PP-DIR from (NP (QP $ 27.7 million) *U*))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 (NP 80 %) (PP of (NP its auction business))) (VP is (ADVP-TMP usually) (VP conducted (NP *-1) (PP-TMP in (NP the second and fourth quarters)) , (PP with (S-NOM (NP-SBJ the current quarter) (VP having (VP begun `` (ADVP-MNR extremely well)))))))))) .)) (TOP (S (NP-SBJ (NP West Texas Intermediate) , (NP the U.S. benchmark crude) ,) (VP seemed (ADJP-PRD tethered) (ADVP-TMP again) (NP-TMP yesterday) (PP-LOC in (NP (NP trading) (PP-LOC on (NP the New York Mercantile Exchange))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *) (ADVP Widely) (VP expected (S (NP-SBJ *-1) (VP to (VP open (ADVP-CLR (NP (NP (QP 10 to 15) cents) (NP-ADV a barrel)) higher) (PP on (NP (NP the strength) (PP of (NP (NP statistics) (PP from (NP the American Petroleum Institute))))))))))) , (NP-SBJ-2 the December contract) (VP managed (S (NP-SBJ *-2) (VP to (VP start (NP the session) (ADVP-CLR (NP (QP only eight) cents) higher))))) .)) (TOP (S (PP-TMP In (NP (NP the last hour) (PP of (NP the trading day)))) , (NP-SBJ-1 December contract) (VP took (NP-CLR a tumble) (S-CLR (NP-SBJ *-1) (VP to (VP end (NP the session) (ADVP-CLR (NP 10 cents) lower) (PP-CLR at (NP (NP $ 19.62 *U*) (NP-ADV a barrel))))))) .)) (TOP (S And (ADVP-TMP now) (SBAR that (S (NP-SBJ the price) (VP has (VP fallen (PP-DIR below (NP (NP $ 19.65 *U*) , (SBAR (WHNP-1 which) (S (NP-SBJ many) (VP had (VP said (SBAR 0 (S (NP-SBJ *T*-1) (VP showed (NP considerable resistance)))))))))))))) , (NP-SBJ some traders and analysts) (VP figure (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD (NP little) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP stop (NP-3 the price) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP going (ADVP-DIR lower) (PP on (NP technical decisions)))))))))))))) .)) (TOP (SINV (S-TPC-3 (PP With (NP (NP no (NP petroleum-related news) or (NP (NP changes) (PP-LOC in (NP the fundamentals)))) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP dictate (NP price moves))))))) , `` (NP-SBJ-2 technicians) (VP are (VP wanting (S (NP-SBJ *-2) (VP to (VP sell (NP this stuff))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Eric Bolling) (PP of (NP Edge Trading Corp))) .)) (TOP (S `` And (ADVP-TMP short-term) , (NP-SBJ the technicians) (VP may (VP have (NP their way))) . '')) (TOP (S (NP-SBJ The market) (ADVP-MNR quickly) (VP discounted (NP (NP the weekly inventory report) (VP showing (NP (NP a (ADJP (QP 6.3 million) barrel) decrease) (PP in (NP U.S. crude oil stocks))))) (PP-CLR as (NP (NP the legacy) (PP of (NP Hurricane Jerry))))) .)) (TOP (S (NP-SBJ-1 That storm) (VP hit (NP the Gulf Coast) (NP-TMP Oct. 13) , (S-ADV (NP-SBJ *-1) (VP (VP closing (NP the Louisiana Offshore Oil Port) (PP-TMP for (NP a time))) and (VP preventing (NP-2 tankers) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP unloading))))))) .)) (TOP (S (NP-SBJ (NP Next week 's) report) (VP could (ADVP very well) (VP show (NP (NP an increase) (PP in (NP crude inventories))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Dismissing (NP (NP the trade group 's) numbers))) (VP left (NP-BNF traders) (NP (NP plenty) (PP of (NP time)) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP worry (ADVP-TMP anew) (PP-CLR about (NP (NP the latest reports) (PP on (NP OPEC production)))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ (NP An (ADJP AP-Dow Jones) survey) (PP of (NP (NP integrated oil companies) , (NP independent refiners) , and (NP oil industry consultants)))) (VP indicates (SBAR that (S (NP-SBJ (NP the Organization) (PP of (NP Petroleum Exporting Countries))) (VP increased (NP its production) (PP-DIR to (NP (NP (QP 22.2 million) barrels) (NP-ADV a day))) (PP-TMP in (NP September)))))) .)) (TOP (S (NP-SBJ Estimates) (VP suggest (SBAR 0 (S (NP-SBJ (NP October 's) figure) (VP may (VP be (ADJP-PRD even higher)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP That level) (PP of (NP production))) (VP is n't (PP-PRD of (NP much concern)) (ADVP-TMP (ADVP as long) (SBAR as (S (NP-SBJ demand) (VP continues (ADVP-CLR strong))))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S But (S (NP-SBJ (NP the first quarter) (PP of (NP the year))) (VP is (ADVP generally) (NP-PRD the weakest))) and (S (NP-SBJ-1 OPEC production) (VP does n't (VP seem (S (NP-SBJ *-1) (VP to (VP be (VP slackening (PP in (NP (NP anticipation) (PP of (NP that))))))))))) .)) (TOP (S (ADVP Also) , (S-NOM-SBJ (NP-SBJ *) (VP maintaining (NP current demand))) (VP assumes (NP (NP no significant slowdown) (PP-LOC in (NP world economies)))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP top (PRT off) (NP (NP the bearish factors) (VP affecting (NP (NP yesterday) 's trading)))))) , (NP-SBJ-1 (NP late October) weather) , (PP-LOC (ADVP especially) in (NP the Northeast U.S.)) , (VP continues (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD very moderate)))) , (S-ADV (NP-SBJ *) (VP leaving (S (NP-SBJ heating oil futures trading) (ADJP-PRD lackluster))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP are n't (VP seeing (NP any cold weather) (ADVP-LOC here)))) , '' (NP-SBJ Mr. Bolling) (VP said (S *T*-1) (PP from (NP New York))) .)) (TOP (FRAG (PP-LOC In (NP other commodity markets)) (NP-TMP yesterday) :)) (TOP (NP-HLN GRAINS AND SOYBEANS :)) (TOP (S (NP-SBJ Soybean and corn futures prices) (VP moved (ADVP-DIR higher) (PP on (NP (NP (NP the strength) (PP of (NP (NP buying) (PP from (NP (NP commodity pool managers) (VP trying (S (NP-SBJ *) (VP to (VP profit (PP from (NP technical price trends))))))))))) , (CONJP as well as) (NP continued export strength)))) .)) (TOP (S (NP-SBJ (NP (NP A leveling (PRT off)) (PP of (NP farmer selling))) (VP tied (NP *) (PP-CLR to (NP the harvest)))) (ADVP also) (VP removed (NP (NP some) (PP of (NP (NP the downward pressure) (PP on (NP futures contract prices)))))) .)) (TOP (S (NP-SBJ Wheat futures prices) (VP fell , (ADVP however) , (PP (ADVP (ADVP at least) partly) in (NP (NP reaction) (PP to (NP (NP the rumored selling) (PP of (NP (NP futures contracts) (ADJP equal (PP to (NP (NP (QP several million) bushels) (PP of (NP wheat))))))) (PP by (NP commodity speculator Richard Dennis))))))) .)) (TOP (S (NP-SBJ-1 Neither (NP Mr. Dennis) nor (NP (NP officials) (PP of (NP (NP his Chicago trading company) , (NP C&D Commodities) ,)))) (VP could (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (SINV (S-TPC-1 (PP As (PP for (NP corn and soybean futures))) , `` (NP-SBJ (NP (NP a lot) (PP of (NP commission house buying)) (NP-TMP this morning)) and (NP computer-driven buying)) '' (VP supported (NP prices) (PP-TMP in (NP early trading)))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Steven Freed) , (NP (NP a futures analyst) (PP with (NP (NP Dean Witter Reynolds Inc.) (PP-LOC in (NP Chicago)))))) .)) (TOP (S (NP-SBJ-1 (NP Soybean futures) (PP for (NP November delivery))) (VP gained (NP (NP 5.25 cents) (NP-ADV a bushel)) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP $ 5.66 *U*) (NP-ADV a bushel)))))) (PP-LOC on (NP (NP the Chicago Board) (PP of (NP Trade))))) .)) (TOP (S (NP-SBJ-1 December corn futures) (VP added (NP (NP 2.25 cents) (NP-ADV a bushel)) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP $ 2.4225 *U*) (NP-ADV a bushel)))))) (PP-LOC on (NP (NP the Board) (PP of (NP Trade))))) .)) (TOP (S (NP-SBJ (NP (ADJP Announced and anticipated) purchases) (PP from (NP foreign countries))) (VP are (ADVP also) (VP supporting (NP futures prices))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ Russian ships) (VP are (VP arriving (PP-DIR in (NP the gulf))))) and (S (NP-SBJ there) (VP is n't (NP-PRD enough grain) (PP-LOC in (NP the pipeline))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Katharina Zimmer) , (NP (NP a futures analyst) (PP with (NP (NP Merrill Lynch & Co.) (PP-LOC in (NP New York)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The Soviet Union) (VP (VP has (VP purchased (NP (NP (QP roughly eight million) tons) (PP of (NP grain))) (NP-TMP this month))) , and (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP take (NP delivery) (PP-TMP by (NP year end))))))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (NP-HLN COTTON :)) (TOP (S (S (NP-SBJ Futures prices) (VP rose (ADVP modestly))) , but (S (NP-SBJ trading volume) (VP was n't (ADJP-PRD very heavy))) .)) (TOP (S (S (NP-SBJ The December contract) (VP settled (PP-CLR at (NP (NP (NP 73.97 cents) (NP-ADV a pound)))) , (ADVP up (NP 0.59 cent)))) , but (S (NP-SBJ it) (VP rose (ADVP-DIR (ADVP as high) (PP as (NP 74.20 cents))))) .)) (TOP (S (NP-SBJ Several cotton analysts) (VP said (SBAR that (S (NP-SBJ-1 the move) (VP appeared (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD mostly technical)))))))) .)) (TOP (S (NP-SBJ-2 (NP Traders) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP had (VP sold (NP contracts) (ADVP-TMP earlier) , (PP in (NP (NP hopes) (PP of (S-NOM (NP-SBJ *-3) (VP buying (NP them) (ADVP-CLR back) (PP-CLR at (NP lower prices))))))) ,))))) (NP-TMP yesterday) (VP were (VP buying (NP contracts) (ADVP-CLR back) (PP-CLR at (NP higher prices)) (S-PRP (NP-SBJ *-2) (VP to (VP limit (NP their losses)))))) .)) (TOP (S (NP-SBJ Floor traders) (ADVP also) (VP said (SBAR that (S (NP-SBJ-2 the market) (VP could (VP have (VP been (VP helped (NP *-2) (PP by (NP-LGS (NP rumors) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (VP been (VP circulating (PP-TMP for (NP the past two days))))))) , (PP about (S-NOM (NP-SBJ China) (VP purchasing (NP cotton))))))))))))) .)) (TOP (S (NP-SBJ (NP The rumor) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP has (VP been (VP neither confirmed nor denied (NP *-2)))))) ,) (VP has (S (NP-SBJ China) (VP buying (NP (QP 125,000 to 200,000) bales) (PP for (NP near-term delivery))))) .)) (TOP (S (NP-SBJ One floor trader) (VP said (SBAR that (S (SBAR-ADV if (S (NP-SBJ there) (VP were (NP-PRD Chinese purchases)))) , (NP-SBJ they) (VP should (VP have (VP had (NP (NP a bigger effect) (PP on (NP the market))))))))) .)) (TOP (S (NP-SBJ Another) (VP said (SBAR that (S (SBAR-ADV if (S (NP-SBJ China) (VP was (NP-PRD a buyer)))) , (NP-SBJ it) (VP (VP would (VP be (NP-PRD (NP the earliest) (SBAR (WHADVP-1 0) (S (NP-SBJ that country) (VP had (VP made (NP purchases) (ADVP-TMP *T*-1))))) (PP-TMP since (NP the 1979-80 crop year))))) , and (VP (ADVP thus) would (VP be (NP-PRD a bullish sign))))))) .)) (TOP (S (NP-SBJ This trader) (VP characterized (NP the recent price action) (PP-CLR as (NP (NP a contest) (PP between (NP (NP (NP the fundamentalists) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP see (NP higher prices) (ADVP-LOC-CLR ahead))))) , and (NP (NP the technicians) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP are (ADVP basically) (VP (VP buying (NP cotton) (PP-CLR toward (NP (NP (NP the bottom) (PP of (NP the current trading range))) , (NP (QP around 71) cents) ,))) and (VP selling (NP it) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the price) (VP climbs (NP-EXT (QP more than 74) cents) (ADVP-TMP *T*-3))))))))))))))) .)) (TOP (S (NP-SBJ This trader) (VP said (SBAR that (S (NP-SBJ he) (VP thought (SBAR 0 (S (NP-SBJ the market) (VP would (VP turn (ADJP-PRD aggressively bullish (PP from (NP a technical standpoint))) (SBAR-ADV if (S (NP-SBJ-1 the December contract) (VP was (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP exceed (NP 75.75 cents)))))))))))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP noted (SBAR that (S (NP-SBJ (NP stocks) (PP-TMP on (NP Aug. 1 , 1990 ,))) (VP are (ADVP-TMP currently) (VP projected (PP-CLR at (NP (NP (QP 3.3 million) bales) , (NP (NP the smallest end-of-season supply) (PP-TMP since (NP 1985)))))))))) .)) (TOP (NP-HLN COCOA :)) (TOP (S (NP-SBJ (NP The modest sell-off) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP started (PP-TMP on (NP Tuesday))))) ,) (VP continued) .)) (TOP (S (NP-SBJ The December contract) (VP ended (PP-CLR at (NP (NP $ 999 *U*) (NP-ADV a metric ton))) , (ADVP down (NP $ 15 *U*))) .)) (TOP (S (NP-SBJ The market) (VP is (VP drifting , (PP-PRP (ADVP (ADVP at least) partly) , because of (NP (NP a lack) (PP of (NP (NP crop information) (PP out (PP of (NP (NP (NP Ghana) and (NP the Ivory Coast)) , (NP the two largest African producers)))))))))) .)) (TOP (S (NP-SBJ (NP Harry Schwartz) , (NP (NP a soft commodity specialist) (PP for (NP (NP Cargill Investors Services) (PP-LOC in (NP New York))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the only report) (SBAR (WHNP-1 0) (S (NP-SBJ Ghana) (VP has (VP issued (NP *T*-1))))) (PP about (NP (NP the arrival) (PP of (NP cocoa)) (PP from (NP the interior))))) (VP was (PP-PRD for (NP (NP 7,839 metric tons) (PP-TMP as (PP of (NP Oct. 12))))))))) .)) (TOP (S-2 (PP-TMP By (NP (NP this time) (NP-TMP last year))) (PRN , (S (NP-SBJ he) (VP noted (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-1 (NP arrivals) (VP totaling (NP 33,270 tons))) (VP had (VP been (VP announced (NP *-1)))) .)) (TOP (S (NP-SBJ A similar situation) (ADVP apparently) (VP exists (PP-LOC in (NP the Ivory Coast)) (SBAR-ADV with (S (NP-SBJ-1 no figures) (VP released (NP *-1) (ADVP-TMP yet) (NP-TMP this year)))) , (PP compared (PP with (NP (NP 55,000 tons) (PP-TMP as (PP of (NP (NP this time) (ADVP-TMP (NP a year) ago)))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (SBAR-ADV if (S (NP-SBJ little cocoa) (ADVP actually) (VP has (VP arrived (PP-DIR at (NP the ports)))))) , (NP-SBJ shipping delays) (VP could (VP result))))) .)) (TOP (S (S-TPC-2 (NP-SBJ This) (VP is (NP-PRD (NP the worry) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP probably) (VP brought (NP steadiness) (PP-DTV to (NP the market)) (ADVP-TMP earlier (PP in (NP the week))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ There) (VP was (ADVP also) (NP-PRD some fear (SBAR that (S (PP without (NP Ivory Coast cocoa)) (NP-SBJ-2 (NP a large French cocoa merchant) , (NP Cie . Financiere Sucre et Denrees) ,) (VP might not (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP deliver (NP cocoa) (PP against (NP (NP the contracts) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP had (VP sold (NP *T*-1) (ADVP-TMP earlier))))) (PP for (NP (NP December delivery) (PP-LOC in (NP London)))))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ the French merchant) (VP has (NP (NP (NP (QP about 200,000) tons) (PP of (NP old crop Ivory Coast cocoa))) (VP stored (NP *) (PP-LOC in (NP the Netherlands))) (PP from (NP (NP an agreement) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP had (VP negotiated (NP *T*-1) (PP-CLR with (NP the Ivory Coast)) (NP-TMP last spring))))))))) .)) (TOP (S (NP-SBJ Cargill) (VP thinks (SBAR that (S (SBAR-ADV even though (S (NP-SBJ the merchant) (VP has (NP (NP a contract) (VP stating (SBAR that (S (NP-SBJ it) (VP wo n't (VP bring (NP this cocoa) (PP-DIR to (NP market)) (PP-TMP until (PP after (NP March 1991)))))))))))) , (NP-SBJ there) (VP is (NP-PRD some evidence (SBAR 0 (S (NP-SBJ-1 the contract) (VP has (VP been (VP modified (NP *-1))))))))))) .)) (TOP (S (NP-SBJ This modification) , (ADVP apparently) , (VP would (VP permit (S (NP-SBJ the French merchant) (VP to (VP deliver (NP this cocoa) , (SBAR-ADV if (FRAG (ADJP necessary))) , (PP against (NP existing short positions))))))) .)) (TOP (S (NP-SBJ-1 (NP Richard D. Sutton) , (ADJP (NP 64 years) old) , (NP (NP chairman) (PP of (NP this bank-holding company))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP acting president) and (NP chief executive officer)) (PP of (NP (NP the company) and (NP its (NAC First National Bank (PP of (NP Toms River))) subsidiary))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Joseph W. Robertson) , (NP 61) ,) (VP was (VP dismissed (NP *-1) (PP-CLR from (NP those posts))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S (NP-SBJ-1 He) (VP could n't (VP be (VP reached (NP *-1))))) and (S (NP-SBJ a company spokesman) (VP would n't (VP comment (PP-CLR on (NP the dismissal))))) .)) (TOP (S (NP-SBJ-1 Mr. Robertson) (VP was (ADVP also) (VP removed (NP *-1) (PP-CLR from (NP (NP the board) (PP of (NP (NP (NP (NP First National Bank) (PP of (NP New Jersey-Salem County))) , (NP another unit) ,) and (NP the Toms River bank))))))) .)) (TOP (S (NP-SBJ American Medical International Inc.) (VP (VP said (SBAR 0 (S (NP-SBJ it) (VP has n't (VP received (NP any other offers (S (NP-SBJ *) (VP to (VP acquire (NP (NP the owner and operator) (PP of (NP hospitals)))))))))))) , and (VP took (NP (NP another step) (PP toward (NP (NP completion) (PP of (NP (NP its (ADJP (QP $ 3 billion) *U*) acquisition) (PP by (NP IMA Holdings Corp))))))))) .)) (TOP (S (NP-TMP Earlier this month) (NP-SBJ (NP IMA) , (NP (NP an investment group) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (NP (NP (NP Chicago 's) Pritzker family) and (NP First Boston Corp.)))))) ,) (VP submitted (NP (NP a reduced bid) (PP for (NP American Medical))) (SBAR-TMP after (S (NP-SBJ it) (VP could n't (VP finance (NP its initial offer)))))) .)) (TOP (S (PP-LOC Under (NP the new offer)) , (NP-SBJ IMA) (VP will (VP pay (NP (NP $ 26.50 *U*) (NP-ADV a share)) (PP-CLR for (NP (NP (QP 63 million) shares) , or (NP (NP (QP about 86) %) (PP of (NP (NP the shares) (ADJP outstanding)))))))) .)) (TOP (S (NP-SBJ IMA) (ADVP also) (VP will (VP assume (NP (NP (QP $ 1.4 billion) *U*) (PP in (NP debt))))) .)) (TOP (S (NP-TMP Yesterday) , (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ AMI common) (VP closed (PP-CLR at (NP $ 23.625 *U*)) , (ADVP up (NP 12.5 cents)) , (PP on (NP (NP volume) (PP of (NP almost 1.8 million))))) .)) (TOP (S (ADVP-TMP Earlier) , (NP-SBJ American Medical) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP had (VP been (VP approached (NP *-1) (ADVP-TMP again) (PP by (NP-LGS (NP two other possible suitors) , (SBAR (SBAR (WHNP-3 whom) (S (NP-SBJ it) (VP would n't (VP identify (NP *T*-3))))) but (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP had (ADVP-TMP previously) (VP submitted (NP (NP bids) (PP for (NP the company)))))))))))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ American Medical) (VP said (SBAR that (S (NP-SBJ the two other parties) (VP told (NP the company) (SBAR that (S (NP-SBJ-1 they) (VP do n't (VP have (NP (NP any current intention) (PP of (S-NOM (NP-SBJ *-1) (VP making (NP a takeover bid))))))))))))) .)) (TOP (S (NP-SBJ American Medical) (VP said (SBAR 0 (S (NP-SBJ its directors) (VP have (VP approved (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP is , (PP in (NP effect)) , (NP-PRD (NP (NP a draft) (PP of (NP (NP a solvency opinion) (PP on (NP the acquisition))))) , (VP submitted (NP *) (PP by (NP-LGS (NP the (ADJP Los Angeles-based) investment banking and evaluation consulting firm) (PP of (NP Houlian Lokey Howard & Zukin Inc)))))))))))))) .)) (TOP (S (NP-SBJ-1 A final opinion) (VP must (VP be (VP approved (NP *-1) (ADVP-TMP prior (PP to (NP (NP the acceptance) (PP of (NP tendered shares)) (PP for (NP payment)) (PP-LOC under (NP (NP the offer) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP was (ADJP-PRD due (S (NP-SBJ *-3) (VP to (VP expire (PP-TMP at (NP (NP 12:01 a.m. EDT) (NP-TMP today)))))))))))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ (NP Moody 's) Investors Service Inc.) (VP downgraded (NP (NP (NP the ratings) (PP of (NP (NP American Medical 's) (ADJP senior and subordinated) debt issues))) and (NP (NP those) (PP of (NP its international affiliate))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The downgrade) (VP anticipates (NP (NP (NP completion) (PP of (NP the IMA Holdings acquisition))) (NP-TMP today)))) , (NP-SBJ Moody 's) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The ratings concern) (VP said (SBAR (SBAR 0 (S (NP-SBJ the acquisition) (VP should (VP result (PP-CLR in (NP (NP pretax losses) (PP from (NP operations)))) (PP-PRP because of (NP (NP (NP increases) (PP in (NP interest expense))) and (NP (NP charges) (PP for (NP depreciation and amortization))))))))) , but (SBAR that (S (NP-SBJ it) (VP expects (S (NP-SBJ-1 the losses) (VP to (VP be (VP reduced (NP *-1) (PP-MNR through (NP (NP productivity gains) and (NP (NP (ADJP above average) growth) (PP of (NP (NP the company 's) hospitals)))))))))))))) .)) (TOP (S (NP-SBJ Moody 's) (VP said (SBAR 0 (S (NP-SBJ the ratings) (VP anticipate (NP (NP a successful debt-reduction program) and (NP (NP modest improvement) (PP-LOC in (NP discretionary cash flow)) (PP-PRP because of (NP planned asset sales)))))))) .)) (TOP (S (NP-SBJ (NP Moody 's) changes) (VP affected (NP the following issues)) :)) (TOP (FRAG (NP American Medical International) : (FRAG (FRAG (NP (NP Senior notes) , (NP sinking-fund debentures) , (NP Euromarket notes) , (NP Eurobonds) , (NP Swiss franc bonds) , (NP unsecured loan stock)) (PP to (ADJP Ba3)) (PP from (ADJP Baa2))) ; (FRAG (NP (NP convertible subordinated debentures) , (NP notes) , and (NP sinking-fund debentures)) (PP to (ADJP B2)) (PP from (ADJP Baa3)))) .)) (TOP (FRAG (NP American Medical International N.V.) : (FRAG (NP Guaranteed Euroissues) (PP to (ADJP Ba3)) (PP from (ADJP Baa2))) .)) (TOP (S (NP-SBJ An American Medical spokeswoman) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the Moody 's) downgrading) (VP was (VP expected (NP *-1) (PP-PRP because of (NP (NP the nature) (PP of (NP the takeover))))))))) .)) (TOP (S (NP-SBJ (NP Bay Financial Corp.) , (NP-LOC Boston) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP has (VP been (VP (VP reporting (NP big losses)) and (VP warning (PP-CLR of (NP a possible bankruptcy-law filing)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP sued (NP *-1) (PP by (NP-LGS a holder))))))) .)) (TOP (S (NP-SBJ The real estate investment trust) (VP said (SBAR 0 (S (NP-SBJ the `` purported class action suit) , '' (VP seeks `` (NP (NP damages) and (NP other remedies)) (PP-LOC under (NP (NP federal securities law) and (NP state law))))))) . '')) (TOP (S (NP-SBJ (NP Gerald E. Wilson) , (NP (NP corporate secretary) and (NP legal counsel)) ,) (VP said (SBAR 0 (S (NP-SBJ the company) (VP would n't (VP disclose (NP further details)))))) .)) (TOP (S (NP-SBJ-2 He) (VP declined (S (NP-SBJ *-2) (VP to (VP name (NP (NP the shareholder) , (NP (NP the plaintiff 's) lawyer) or (NP (NP the court) (SBAR (WHADVP-3 where) (S (NP-SBJ-1 the lawsuit) (VP was (VP filed (NP *-1) (ADVP-LOC-CLR *T*-3))))))))))) .)) (TOP (S (NP-SBJ (NP Bay) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP substantial investments) (PP-LOC in (NP the floundering Massachusetts market)))))) ,) (VP reported (NP (NP a loss) (PP of (NP (NP (QP $ 62 million) *U*) , or (NP (NP $ 15.97 *U*) (NP-ADV a share)) ,)) (PP for (NP (NP the fiscal year) (VP ended (NP *) (NP-TMP-CLR June 30)))))) .)) (TOP (S (NP-SBJ It) (VP has (VP said (SBAR 0 (S (NP-SBJ it) (VP might (VP seek (NP (NP bankruptcy-court protection) (PP from (NP creditor lawsuits))) (SBAR-ADV if (S (NP-SBJ it) (VP ca n't (VP renegotiate (NP its borrowings))))))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Bay) (VP closed (PP-CLR at (NP $ 2.625 *U*)) , (ADVP down (NP 25 cents))) .)) (TOP (S (NP-SBJ-1 Keith A. Tucker) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP this insurance and financial services concern)))))) .)) (TOP (S (NP-SBJ (NP Mr. Tucker) , (ADJP (NP 44 years) old) ,) (VP is (NP-PRD (NP (NP president) (PP of (NP (NP Trivest Securities Corp.) (NP *RNR*-1)))) and (NP (NP senior vice president) (PP of (NP (NP Trivest Inc.) (NP *RNR*-1)))) , (NP-1 (NP (ADJP closely held) investment companies) (VP based (NP *) (PP-LOC-CLR in (NP Miami)))))) .)) (TOP (S (NP-SBJ His selection) (VP increases (NP (NP the size) (PP of (NP the board))) (PP-DIR to (NP 12 members))) .)) (TOP (S (NP-SBJ Torchmark) (ADVP also) (VP said (SBAR that (S (NP-SBJ-2 (NP Samuel E. Upchurch Jr.) , (NP 37) , (NP (NP vice president) and (NP general counsel)) ,) (VP was (VP selected (S (NP-SBJ *-2) (VP to (VP serve (NP (NP the remainder) (PP of (NP (NP the term) (VP vacated (NP *) (PP by (NP-LGS (NP John S.P. Samford) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP resigned (PP-CLR as (NP director))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Philip Morris Cos.) , (NP-LOC New York) ,) (VP adopted (NP (NP a defense measure) (VP designed (S (NP-SBJ *) (VP to (VP make (S (NP-SBJ a hostile takeover) (ADJP-PRD prohibitively expensive)))))))) .)) (TOP (S (NP-SBJ The giant foods , tobacco and brewing company) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP issue (NP common-share purchase rights) (PP-DTV to (NP (NP shareholders) (PP of (NP record)))) (NP-TMP Nov. 8)))))) .)) (TOP (S (PP-LOC Under (NP certain circumstances)) , (NP-SBJ the rights) (VP would (VP entitle (S (NP-SBJ Philip Morris holders) (VP to (VP buy (NP (NP shares) (PP of (NP either (NP the company) or (NP its acquirer)))) (PP-CLR for (NP half price))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The board) (VP is n't (ADJP-PRD aware (PP of (NP any attempts (S (NP-SBJ *) (VP to (VP take (PRT over) (NP Philip Morris))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP As (PP of (NP Sept. 30))) , (NP-SBJ Philip Morris) (VP had (NP (NP (QP 926 million) shares) (ADJP outstanding))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ Philip Morris shares) (VP closed (NP-TMP yesterday) (PP-CLR at (NP (NP $ 43.50 *U*) (NP-ADV each))) , (ADVP down (NP $ 1 *U*))) .)) (TOP (S (NP-SBJ Beghin-Say S.A.) (VP said (SBAR that (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP sell (NP its remaining paper operations) (PP-TMP by (NP (NP the end) (PP of (NP January))))))) (PP as (NP (NP part) (PP of (NP a drive (S (NP-SBJ *) (VP to (VP (VP refocus (PP-CLR on (NP the food sector))) and (VP lower (NP its debt))))))))))))) .)) (TOP (S (NP-SBJ (NP The French unit) (PP of (NP Ferruzzi Agricola Finanziaria))) (ADVP also) (VP disclosed (NP (NP (NP a (ADJP 40 %) rise) (PP-LOC in (NP its consolidated net profit)) (PP-TMP for (NP (NP the first half) (PP of (NP 1989))))) , (PP (PP excluding (NP nonrecurring items)) and (PP-TMP after (NP (NP payments) (PP to (NP minority interests))))))) .)) (TOP (S (NP-SBJ Beghin-Say) (VP said (SBAR 0 (S (NP-SBJ-1 the sale) (VP (VP will (VP be (VP done (NP *-1) (PP-MNR in (NP two parts))))) and (VP will (VP raise (NP (NP a total) (PP of (NP (NP (QP 2.025 billion) francs) (PRN -LRB- (NP (QP $ 325 million) *U*) -RRB-)))))))))) .)) (TOP (S (NP-SBJ This) (VP will (VP include (NP (NP the sale) (PP of (NP (NP its interest) (PP in (NP (NP the joint venture) (NP Beghin Corbehem))))) (PP to (NP Feldemuehle AG))))) .)) (TOP (S (NP-SBJ-1 The (ADJP West German) paper company) (VP entered (NP the venture) (PP-TMP in (NP April 1988)) (SBAR-MNR by (S-NOM (NP-SBJ *-1) (VP acquiring (NP a (ADJP 50 %) stake) , (PP-CLR (ADVP also) from (NP Beghin-Say)))))) .)) (TOP (S (NP-SBJ (NP The other part) (PP of (NP the transaction))) (VP will (VP see (S (NP-SBJ Beghin-Say) (VP sell (NP (NP its (ADJP 50 %) stake) (PP in (NP its Kaysersberg paper affiliate))) (PP-DTV to (NP (NP an unspecified unit) (PP of (NP (NP (NP the petrochemical group) (NP Montedison S.p . A.)) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (ADVP also) (VP controlled (NP *-2) (PP by (NP-LGS Ferruzzi)))))))))))))) .)) (TOP (S And (PP-LOC in (NP a separate transaction)) , (NP-SBJ Beghin-Say) (VP will (VP sell (NP (NP its remaining (ADJP 25 %) interest) (PP in (NP (NP A.T.B.) , (NP (NP a holding company) (PP for (NP international trading assets))) ,))) (PP-DTV to (NP (NP an unspecified unit) (PP of (NP Ferruzzi)))) (PP-CLR for (NP (QP 258 million) francs)))) .)) (TOP (S (NP-SBJ-2 (NP Esselte AB) , (NP the Stockholm office supplies company)) , (SBAR-ADV as (FRAG (VP expected))) , (VP proposed (S (NP-SBJ *-2) (VP to (VP acquire (NP (NP the 22 %) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP does n't (VP own (NP *T*-1))))) (PP of (NP (NP its U.S. unit) , (NP Esselte Business Systems Inc)))))))) .)) (TOP (S (NP-SBJ (NP The price) (PP in (NP the proposal))) (VP is (NP-PRD (NP (NP $ 43.50 *U*) (PP for (NP (NP each) (PP of (NP (NP the (QP 4.9 million) shares) (SBAR (WHNP-1 0) (S (NP-SBJ the parent) (VP does n't (VP own (NP *T*-1)))))))))) , or (NP (QP $ 213.2 million) *U*))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Esselte) (VP closed (NP-TMP yesterday) (PP-CLR at (NP (NP (NP $ 43.50 *U*) (NP-ADV a share)))) , (ADVP up (NP $ 1 *U*))) .)) (TOP (S (S (NP-SBJ (NP A committee) (PP of (NP (NP outside directors) (PP for (NP the (NAC-LOC Garden City , N.Y. ,) unit))))) (VP is (VP evaluating (NP the proposal)))) ; (S (NP-SBJ the parent) (VP asked (NP-1 it) (S (NP-SBJ *-1) (VP to (VP respond (PP-TMP by (NP Oct. 31))))))) .)) (TOP (S (NP-SBJ The unit) (VP said (SBAR 0 (S (NP-SBJ it) (VP can (VP provide (NP no assurance (SBAR 0 (S (NP-SBJ a transaction) (VP will (VP occur)))))))))) .)) (TOP (S (NP-SBJ Esselte AB) (VP sold (NP the minority stake) (ADVP-TMP (NP five years) ago) (PP-LOC in (NP a (ADJP (QP $ 40 million) *U*) international share offering))) .)) (TOP (S (NP-SBJ (NP The unit) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP the holding company) (PP for (NP (NP Esselte 's) non-Swedish units)))))) ,) (VP accounted (PP-CLR for (NP (NP (NP 58 %) (PP of (NP sales))) and (NP (NP 71 %) (PP of (NP operating profit))))) (NP-TMP last year)) .)) (TOP (S (ADVP Separately) , (NP-SBJ Esselte Business Systems) (VP reported (SBAR 0 (S (NP-SBJ third-quarter net income) (VP fell (NP-EXT 5.9 %) (PP-DIR to (NP (NP (QP $ 9.5 million) *U*) , or (NP (NP 46 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 10.1 million) *U*) , or (NP (NP 49 cents) (NP-ADV a share)) ,)) (PP-TMP in (NP the year-ago period)))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 2.9 %) (PP-DIR to (NP (QP $ 329.2 million) *U*)) (PP-DIR from (NP (QP $ 320 million) *U*))) .)) (TOP (S (NP-SBJ-1 House and Senate conferees) (VP agreed (S (NP-SBJ *-1) (VP (VP to (VP continue (NP (NP production) (PP of (NP (NP Grumman Corp. 's) F-14))))) and (VP to (VP provide (NP (NP (QP more than $ 3.8 billion) *U*) (PP for (NP the Strategic Defense Initiative))))) (PP-TMP during (NP the current fiscal year))))) .)) (TOP (S (NP-SBJ (NP Industry officials) and (NP congressional aides)) (VP said (SBAR that (S (NP-SBJ (NP the main points) (PP of (NP (NP a compromise defense authorization bill) , (VP hammered (NP *) (PRT out) (PP-TMP during (NP (NP a flurry) (PP of (NP private meetings)))) (PP-TMP over (NP the past few days))) ,))) (VP provide (NP (NP a face-saving compromise) (PP for (NP both (NP the White House) and (NP House Democrats)))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ conferees) (VP are (ADVP-TMP still) (VP putting (NP the finishing touches) (PP-PUT on (NP the package)))))) , (NP-SBJ-1 the final agreement) (VP could (VP be (VP announced (NP *-1) (ADVP-TMP (ADVP as early) (PP as (NP tomorrow)))))) .)) (TOP (S (NP-SBJ An announcement) (VP is (ADJP-PRD more likely) (NP-TMP next week) , (ADVP though)) .)) (TOP (S (NP-SBJ-2 (NP President Bush) and (NP (NP other supporters) (PP of (NP SDI)))) (VP will (VP be (ADJP-PRD able (S (NP-SBJ-3 *-2) (VP to (VP take (NP-CLR credit) (PP-CLR for (S-NOM (NP-SBJ *-3) (VP blocking (NP House efforts (S (NP-SBJ *) (VP to (ADVP significantly) (VP cut (NP (NP the program (S (NP-SBJ *) (VP to (VP develop (NP a space-based antimissile system))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP already) (VP has (VP cost (NP (QP some $ 17 billion) *U*))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Senate Armed Services Committee Chairman Sam Nunn) (PRN -LRB- (NP (NP D.) , (NP-LOC Ga .)) -RRB-)) and (NP other Senate conferees)) (VP have (VP opposed (NP the House cuts) , (S-ADV (NP-SBJ *-1) (VP stalling (PP-TMP for (NP almost two months)) (NP (NP action) (PP on (NP (NP a number) (PP of (NP (NP big-ticket items) (PP-LOC in (NP (NP the Pentagon 's) budget))))))))))) .)) (TOP (S (S (NP-SBJ-1 The Senate) (VP voted (S (NP-SBJ *-1) (VP to (VP authorize (NP (NP (QP $ 4.5 billion) *U*) (PP for (NP SDI spending)) (PP-TMP in (NP the current fiscal year)))))))) , but (S (NP-SBJ-2 the House) , (S-ADV (NP-SBJ *-2) (VP reflecting (NP (NP a dramatic erosion) (PP of (NP (NP support) (PP for (NP the program))))))) , (VP earmarked (NP only (QP $ 3.1 billion) *U*))) .)) (TOP (S (PP Despite (NP (NP the widening gap) (PP between (NP the two sides)))) , (NP-SBJ-1 conferees) (ADVP-TMP eventually) (VP followed (NP (NP the pattern) (VP set (NP *) (PP-TMP in (NP previous years)))) (PP-MNR by (S-NOM (NP-SBJ-2 *-1) (VP opting (S (NP-SBJ *-2) (VP to (ADVP-MNR roughly) (VP split (NP the difference)))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP hold (NP (NP spending) (PP on (NP the program))) (PP-CLR at (NP about (NP the previous year 's) level)))) .)) (TOP (S (NP-SBJ The decision (S (NP-SBJ *) (VP to (VP keep (S (NP-SBJ (NP the embattled F-14 's) production line) (VP running (PP-TMP for (NP (QP at least) another year)))))))) (VP is (NP-PRD (NP an important victory) (PP (PP for (NP the House)) , and (PP (ADVP especially) for (NP (NP Rep. Les Aspin) (PRN -LRB- (NP (NP D.) , (NP-LOC Wis .)) -RRB-)))))) .)) (TOP (S (PP As (NP (NP the head) (PP of (NP the House conferees)))) , (NP-SBJ Rep. Aspin) (VP has (VP been (PP-PRD under (NP (NP intense pressure (S *ICH*-1)) (PP from (NP his colleagues)) (S-1 (NP-SBJ *) (VP to (VP reject (NP (NP Senate provisions) (SBAR (WHNP-15 that) (S (NP-SBJ *T*-15) (VP would (VP have (ADVP-MNR abruptly) (VP cut (NP further F-14 production)))))))))))))) .)) (TOP (S (NP-SBJ The package) `` (VP provides (NP a temporary , golden parachute) (PP-BNF for (NP Grumman)) , '' (PP according (PP to (NP (NP one congressional aide) (ADJP familiar (PP with (NP the closed-door bargaining))))))) .)) (TOP (S But (PP as (NP (NP part) (PP of (NP the overall agreement)))) , (NP-SBJ-1 (NP Grumman) and (NP (NP its outspoken supporters) (PP-LOC on (NP Capitol Hill)))) (ADVP effectively) (VP will (VP be (VP precluded (NP-2 *-1) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP reopening (NP the emotional issue) (PP-LOC in (NP (NP the debate) (PP over (NP (NP next year 's) budget)))))))))) .)) (TOP (S (NP-SBJ (NP Defense Secretary Dick Cheney) and (NP most senators)) (VP contend (SBAR that (S (NP-SBJ (NP the Navy 's) F-14) (VP is (ADJP-PRD too expensive) (PP-TMP in (NP (NP an era) (PP of (NP shrinking Pentagon budgets)))))))) .)) (TOP (S But (NP-SBJ the plane) (VP boasts (NP (NP a strong core) (PP of (NP support)) (PP-LOC in (NP (NP the House) , (SBAR (WHADVP-1 where) (S (NP-SBJ-2 members) (VP (VP are (ADJP-PRD intent (PP on (S-NOM (NP-SBJ *-2) (VP saving (NP Grumman jobs)))))) and (VP are (ADJP-PRD worried (PP about (NP (NP potential shortages) (PP of (NP carrier-based aircraft)) (PP-TMP by (NP the late 1990s)))))) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (NP-SBJ Conferees) (ADVP also) (VP agreed (PP-CLR to (NP Pentagon requests (S (NP-SBJ *) (VP to (VP earmark (NP (NP a total) (PP of (NP (QP nearly $ 1 billion) *U*))) (PP-CLR for (NP (NP work) (PP on (NP both mobile MX and Midgetman nuclear missiles))))))))) , (PP according (PP to (NP congressional aides)))) .)) (TOP (S And (NP-SBJ lawmakers) (VP are (VP putting (NP the finishing touches) (PP-PUT on (NP (NP a compromise) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP would (VP give (NP the Air Force) (NP (NP nearly all) (PP of (NP (NP the (QP $ 2.4 billion) *U*) (SBAR (WHNP-5 0) (S (NP-SBJ it) (VP wants (NP *T*-5) (PP-CLR for (NP (NP production) (PP of (NP (NP (NP Northrop Corp. 's) radar-eluding B-2 bombers) , (SBAR (WHNP-4 which) (S (NP-SBJ *T*-4) (VP cost (NP (NP (QP $ 530 million) *U*) (NP-ADV apiece))))))))))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 The final B-2 agreement) (VP is (ADJP-PRD certain (S (NP-SBJ *-1) (VP to (VP require (NP (NP detailed testing and verification) (PP of (NP (NP the bomber 's) capabilities))))))))) , but (S (NP-SBJ congressional aides) (VP said (SBAR 0 (S (NP-SBJ the accord) (VP wo n't (VP include (NP (NP a House-passed provision) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP would (VP have (VP withheld (NP production funds) (SBAR-TMP until (S (NP-SBJ Congress) (VP approves (NP (NP a cheaper , scaled-down version) (PP of (NP (NP (NP the (ADJP (QP $ 70 billion) *U*) fleet) (PP of (NP 132 B-2s))) (VP envisioned (NP *) (PP by (NP-LGS the Pentagon))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Consolidated Freightways Inc.) (VP reported (NP (NP a (ADJP 77 %) drop) (PP in (NP third-quarter net income))) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP expected losses) (PP-LOC in (NP its Emery Worldwide shipping business)))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Menlo Park , Calif. ,) company) (VP said (SBAR 0 (S (NP-SBJ net) (VP was (NP-PRD (NP (QP $ 7.4 million) *U*) , or (NP (NP 22 cents) (NP-ADV a share))) , (ADVP down (PP from (NP (NP (QP $ 32.3 million) *U*) , or (NP (NP 86 cents) (NP-ADV a share)) , (ADVP-TMP (NP a year) ago)))))))) .)) (TOP (S (NP-SBJ Revenue) (VP totaled (NP (NP (QP $ 1.01 billion) *U*) , (NP (NP (NP a (ADJP 43 %) increase) (PP from (NP (QP $ 704.4 million) *U*))))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP (NP (NP the company 's) acquisition) (PP of (NP Emery))) (NP-TMP earlier this year))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Profit) (ADVP also) (VP suffered (PP-PRP because of (NP (NP `` intense '' discounting) (PP-LOC in (NP its long-haul trucking business)))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ Analysts) (VP had (VP expected (S (NP-SBJ Consolidated) (VP to (VP post (NP a slim profit))))))) , and (S (NP-SBJ (NP the company 's) stock) (VP was (ADVP-PRD down (NP (QP only 25) cents) (PP to (NP $ 30.25 *U*))) (PP-LOC in (NP New York Stock Exchange composite trading)) (NP-TMP yesterday))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-1 They) (VP have (S (NP-SBJ-2 *-1) (VP to (VP continue (S (NP-SBJ *-2) (VP to (VP tighten (NP their belts))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Craig Kloner) , (NP (NP an analyst) (PP-LOC at (NP Goldman , Sachs & Co)))) .)) (TOP (S (NP-SBJ (NP (NP A round) (PP of (NP futures-related program selling))) (PP-TMP near (NP the close))) (VP sent (NP the stock market) (ADVP-DIR lower) (PP-LOC in (NP (ADJP otherwise directionless) trading))) .)) (TOP (S (NP-SBJ Nervousness (SBAR that (S (NP-SBJ the market) (VP has n't (VP seen (NP (NP the last) (PP of (NP its recent volatility)))))))) (VP kept (S (NP-SBJ trading) (PP-PRD at (NP a moderate pace))) , (SBAR-ADV as (SINV did (NP-SBJ (NP anticipation) (PP of (NP (NP a report) (PP on (NP (NP the economy 's) third-quarter performance)))))))) .)) (TOP (S (NP-SBJ (NP The Dow Jones Industrial Average) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP plunged (NP-EXT (QP more than 80) points) (PP-LOC in (NP early trading)) (NP-TMP Tuesday)) and (ADVP then) (VP recovered (NP (NP nearly all) (PP of (NP its losses))) (PP-TMP by (NP the close)))))) ,) (VP fell (NP-EXT 5.94) (PP-DIR to (NP 2653.28)) (PP-TMP in (NP the latest session))) .)) (TOP (S (NP-SBJ The average) (VP drifted (PP-CLR in (NP (NP a trading range) (PP of (NP (QP about 30) points)))) (PP-TMP throughout (NP the day))) .)) (TOP (S (S (NP-SBJ-1 The lower boundary) (VP was (VP established (NP *-1) (PP-TMP (ADVP just) after (NP the opening)) (PP-LOC in (NP (NP a brief round) (PP of (NP selling))))))) ; (S (NP-SBJ-2 the upper boundary) (VP was (VP set (NP *-2) (PP-TMP at (NP midday)) (SBAR-TMP as (S (NP-SBJ scattered bargain-hunting) (VP pushed (NP prices) (ADVP-DIR higher))))))) .)) (TOP (S (NP-SBJ (NP Buying interest) (PP in (NP (NP (NP Du Pont) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP declared (NP (NP a stock split) and (NP a dividend boost))))) ,) and (NP certain other blue-chip issues)))) (VP gave (NP the industrial average) (NP (NP a better performance) (PP than (NP broader indexes)))) .)) (TOP (S (S (NP-SBJ (NP Standard & Poor 's) 500-Stock Index) (VP dropped (NP-EXT 1.20) (PP-DIR to (NP 342.50)))) ; (S (NP-SBJ the decline) (VP was (NP-PRD (NP the equivalent) (PP of (NP (NP a nine-point setback) (PP in (NP the 30-stock average))))))) .)) (TOP (S (S (NP-SBJ The Dow Jones Equity Market Index) (VP fell (NP-EXT 1.16) (PP-DIR to (NP 320.94)))) and (S (NP-SBJ the New York Stock Exchange Composite Index) (VP slid (NP-EXT 0.53) (PP-DIR to (NP 189.52)))) .)) (TOP (S But (NP-SBJ advancing issues) (VP topped (NP decliners) (PP-EXT by (NP (NP 784) (PP to (NP 700)))) (PP-LOC on (NP the Big Board)) (PP despite (NP (NP the late sell programs) , (VP resulting (PP-CLR from (NP stock-index arbitrage)))))) .)) (TOP (S (NP-SBJ The programs) (VP occurred (PP against (NP (NP the backdrop) (PP of (NP (NP a late pullback) (PP-LOC in (NP (NP UAL) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP held (PP-CLR at (NP (ADJP slightly lower) levels)) (PP-TMP through (NP (NP most) (PP of (NP the session)))) (PP amid (NP optimism (SBAR that (S (NP-SBJ another bidder) (VP might (VP surface))))))))))))))))) .)) (TOP (S (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ program activity) (VP was n't (PP-PRD in (NP evidence)) (PP-TMP through (NP (NP most) (PP of (NP the session)))) , (ADVP however)))))) , and (S (NP-SBJ Big Board volume) (VP dropped (PP-DIR to (NP 155,650,000 shares)) (PP-DIR from (NP about 238 million) (NP-TMP Tuesday)) (SBAR-TMP as (S (NP-SBJ (NP concerns) (PP about (NP (NP the potential) (PP for (NP (NP additional sharp swings) (PP-LOC in (NP the market))))))) (VP kept (S (NP-SBJ other trading) (PP-PRD in (NP check)))))))) .)) (TOP (S `` (NP-SBJ-1 People) (VP are (ADJP-PRD (ADVP sort of) nervous (S (NP-SBJ *-1) (VP to (VP do (NP anything) (PP-LOC in (NP the market)) (ADVP-TMP now)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Our phones) (VP are (ADJP-PRD quiet) (PP-LOC around (ADVP here)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Don R. Hays) , (NP (NP (NP director) (PP of (NP investment strategy))) (PP at (NP-LOC (NP Wheat First Butcher & Singer Inc.) , (NP-LOC Richmond , Va))))) .)) (TOP (S (NP-SBJ-2 (NP The gross national product report) , (ADJP due (S (NP-SBJ-1 *) (VP to (VP be (VP released (NP *-1) (PP-TMP before (NP (NP today 's) opening))))))) ,) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP show (SBAR that (S (NP-SBJ-3 the economy) (VP continued (S (NP-SBJ *-3) (VP to (VP expand (PP-TMP in (NP the third quarter)) (PP-MNR at (NP a moderate pace))))))))))))) .)) (TOP (S (NP-SBJ (NP The consensus) (PP of (NP (NP economists) (VP polled (NP *) (PP by (NP-LGS Dow Jones Capital Markets Report)))))) (VP calls (PP-CLR for (NP (NP a (ADJP 2.5 %) annual growth rate) (PP for (NP GNP)) (PP-TMP during (NP the quarter))))) .)) (TOP (S (NP-SBJ (NP Du Pont) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP (VP announced (NP (NP plans) (PP for (NP a 3-for-1 stock split)))) and (VP raised (NP its quarterly dividend) (PP-EXT by (NP 14 %)))))) ,) (VP jumped (NP-EXT 2 1/2) (PP-DIR to (NP (QP 117 3/8)))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP posted (NP (NP third-quarter earnings) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP were (PP-PRD in (NP (NP line) (PP with (NP (NP analysts ') forecasts))))))))) .)) (TOP (S (NP-SBJ Blue-chip consumer stocks) (ADVP also) (VP provided (NP a lift) (PP-DTV to (NP the industrial average))) .)) (TOP (S (S (NP-SBJ American Telephone & Telegraph) (VP rose (NP-EXT 3/8) (PP-DIR to (NP (QP 43 1/2))) (PP-LOC in (NP (NP Big Board composite trading) (PP of (NP (QP 1.5 million) shares)))))) , (S (NP-SBJ Chevron) (VP advanced (NP-EXT 1 3/4) (PP-DIR to (NP 66 5/8)) (PP on (NP (QP 2.3 million) shares)))) , (S (NP-SBJ Woolworth) (VP rose (NP-EXT 1) (PP-DIR to (NP (QP 58 5/8))))) , (S (NP-SBJ Coca-Cola Co.) (VP gained (NP 5/8) (PP-DIR to (NP 72 1/2)))) and (S (NP-SBJ Eastman Kodak) (VP added (NP 3/8) (PP-DIR to (NP (QP 44 1/2))))) .)) (TOP (S But (NP-SBJ General Motors) (VP dropped (NP-EXT (QP 1 7/8)) (PP-CLR to (NP (QP 44 7/8)))) .)) (TOP (S (NP-SBJ Its GM Hughes Electronics and financial-services units) both (VP reported (SBAR that (S (NP-SBJ third-quarter earnings) (VP were (ADVP-PRD down (PP from (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ Anheuser-Busch) (VP plunged (NP-EXT (QP 4 3/8)) (PP-DIR to (NP 38 1/2)) (PP on (NP (QP 3.5 million) shares))) .)) (TOP (S (S (NP-SBJ Its third-quarter earnings) (VP were (ADJP-PRD (ADJP lower) (SBAR than (S (NP-SBJ analysts) (VP had (VP forecast (S *?*)))))))) , and (S (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (VP lowered (NP (NP its projections) (PP for (NP (NP earnings growth) (PP-TMP through (NP (NP the end) (PP of (NP 1990))))))) (PP-PRP because of (NP planned price cuts)))))))) .)) (TOP (S (NP-SBJ Xerox) (VP fell (NP-EXT (QP 3 1/8)) (PP-DIR to (NP (QP 59 5/8)))) .)) (TOP (S (NP-SBJ (NP Disappointment) (PP with (NP (NP (NP the company 's) earnings) (PP-TMP for (NP the quarter))))) (VP led (S (NP-SBJ Prudential-Bache Securities) (VP to (VP reduce (NP its 1989 and 1990 earnings estimates)))) , (PP according (PP to (NP Dow Jones Professional Investor Report)))) .)) (TOP (S (NP-SBJ (NP Computer Associates International) , (NP the (ADJP most active) Big Board issue) ,) (VP was (NP-PRD (NP another victim) (PP of (NP an earnings-related sell-off)))) .)) (TOP (S (NP-SBJ The stock) (VP fell (NP-EXT 3/4) (PP-DIR to (NP (QP 12 7/8))) (SBAR-TMP as (S (NP-SBJ-1 (QP 3.6 million) shares) (VP were (VP traded (NP *-1) (PP-LOC in (NP (NP the wake) (PP of (NP its report (SBAR that (S (NP-SBJ (ADJP fiscal second-quarter) net income) (VP fell (NP-EXT 66 %) (PP-CLR from (ADVP-TMP (NP a year) ago)))))))))))))) .)) (TOP (S (NP-SBJ Insurance stocks) (VP moved (ADVP-CLR higher) (PP-LOC in (NP (NP the wake) (PP of (NP (NP (NP a strong third-quarter earnings report) (PP from (NP Chubb))) , (VP coming (PP-TMP on (NP (NP the heels) (PP of (NP speculation (SBAR that (S (NP-SBJ (NP (NP last week 's) devastating earthquake) (PP-LOC in (NP the San Francisco area))) (VP would (VP lead (PP-CLR to (NP higher premium rates)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Chubb) , (SBAR (WHNP-1 (NP whose net income) (PP-TMP for (NP the quarter))) (S (NP-SBJ *T*-1) (VP exceeded (NP (NP most analysts ') expectations)))) ,) (VP rallied (NP-EXT (QP 3 3/4)) (PP-DIR to (NP (QP 86 1/2)))) .)) (TOP (S (S (NP-SBJ Aetna Life & Casualty) (VP gained (NP (QP 1 3/8)) (PP-DIR to (NP (QP 61 1/8))))) , (S (NP-SBJ Cigna) (VP advanced (NP-EXT 7/8) (PP-DIR to (NP (QP 64 3/4))))) , (S (NP-SBJ Travelers) (VP added (NP 1/2) (PP-DIR to (NP (QP 40 3/8))))) and (S (NP-SBJ American International Group) (VP rose (NP-EXT (QP 3 1/8)) (PP-DIR to (NP (QP 107 3/4))))) .)) (TOP (S (NP-SBJ Comprehensive Care) (VP plunged (NP-EXT (QP 4 3/4)) (PP-DIR to (NP (QP 3 5/8))) (PP on (NP (QP 1.2 million) shares))) .)) (TOP (S (NP-SBJ The company) (VP (VP reported (NP a third-quarter loss)) and (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP holding (NP talks) (PP-CLR with (NP its bank lenders)) (PP for (NP (NP an extension) (PP on (NP some overdue debt payments)))))))))) .)) (TOP (S (NP-SBJ TW Services) (VP dropped (NP-EXT (QP 1 1/4)) (PP-DIR to (NP (QP 31 1/4))) (PP-TMP following (NP (NP the postponement) (PP of (NP (NP a (ADJP (QP $ 1.4 billion) *U*) junk-bond offering) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP have (VP permitted (S (NP-SBJ Coniston Partners) (VP to (VP complete (NP (NP its takeover) (PP of (NP the company)))))))))))))))) .)) (TOP (S (NP-SBJ Coniston) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP pursue `` (NP various financing alternatives)))))) . '')) (TOP (S (NP-SBJ UAL stock) (VP declined (PP-EXT by (NP 9)) (PP-DIR to (NP 161)) (SBAR-TMP after (S (NP-SBJ-2 nobody) (VP surfaced (S-PRP (NP-SBJ *-2) (VP to (VP claim (NP credit) (PP-CLR for (NP (NP aggressive buying) (NP-TMP Tuesday) (PP by (NP Bear Stearns)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP sent (NP UAL stock) (ADVP-DIR up (NP 35 points)) (PP-TMP in (NP (NP a matter) (PP of (NP hours)))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Tuesday 's) rumored buyer) , (NP Coniston Partners) ,) (VP would n't (VP comment (PP on (NP speculation (SBAR that (S (NP-SBJ (NP Coniston) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP battled (NP the UAL board) (PP-TMP in (NP 1987))))) ,) (VP might (VP challenge (NP (NP (NP the board 's) decision (S *ICH*-2)) (NP-TMP Monday) (S-2 (NP-SBJ *) (VP to (VP remain (ADJP-PRD independent))))))))))))) .)) (TOP (S (NP-SBJ Other airline stocks) (VP were (ADJP-PRD mixed)) .)) (TOP (S (S (NP-SBJ (NP AMR) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP American Airlines)))) ,) (VP rose (NP-EXT (QP 3 3/8)) (PP-DIR to (NP (QP 72 1/4))))) ; (S (NP-SBJ USAir Group) (VP fell (NP-EXT (QP 1 1/2)) (PP-DIR to (NP (QP 38 5/8))))) , and (S (NP-SBJ-2 Delta Air Lines) (VP rose (NP-EXT 1/2) (PP-DIR to (NP (QP 66 1/2))) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP posting (NP (NP higher earnings) (PP-TMP for (NP the September quarter)))))))) .)) (TOP (S (NP-SBJ (NP Stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP reportedly) (VP benefited (NP-TMP Tuesday) (PP-CLR from (NP (NP a Japanese buy program) (VP handled (NP *) (PP by (NP-LGS PaineWebber))))))))) (VP gave (ADVP-CLR back) (NP (NP some) (PP of (NP their gains)))) .)) (TOP (S (S (NP-SBJ Procter & Gamble) (VP went (ADVP-DIR down) (NP-EXT (QP 3 1/2)) (PP-DIR to (NP 130)))) , (S (NP-SBJ Dow Jones) (VP fell (NP-EXT (QP 3 1/2)) (PP-DIR to (NP (QP 37 1/2))))) and (S (NP-SBJ Rockwell International) (VP dropped (NP-EXT (QP 2 1/8)) (PP-DIR to (NP 25)))) .)) (TOP (S (ADVP However) , (NP-SBJ Atlantic Richfield) (VP (VP preserved (NP (NP its twopoint advance) (PP-TMP in (NP the previous session)))) and (VP added (NP 1/8) (PP-DIR to (NP (QP 103 7/8))))) .)) (TOP (S (NP-SBJ General Mills) (VP gained (NP 2 1/4) (PP-DIR to (NP (QP 72 7/8)))) .)) (TOP (S (NP-SBJ Goldman Sachs) (VP (VP placed (NP the stock) (PP-CLR (ADVP back) on (NP (NP its list) (PP of (NP recommended issues))))) , (VP raised (NP its 1990 earnings estimate)) and (VP recommended (SBAR that (S (NP-SBJ its clients) (VP shift (NP funds) (PP-DIR from (NP Kellogg)) (PP-DIR to (NP General Mills))))))) .)) (TOP (S (NP-SBJ Kellogg) (VP dropped (NP-EXT (QP 1 3/4)) (PP-DIR to (NP (QP 73 1/4)))) .)) (TOP (S (NP-SBJ Manville) (VP advanced (NP-EXT 3/4) (PP-DIR to (NP 10))) .)) (TOP (S (NP-SBJ-2 The company) (VP offered (S (NP-SBJ *-2) (VP to (VP purchase (NP (NP (QP $ 500 million) *U*) (PP of (NP convertible preferred stock))) (PP-CLR from (NP (NP the trust) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP handles (NP (NP its payments) (PP to (NP asbestos victims)))))))))))) .)) (TOP (S (NP-SBJ Di Giorgio) (VP gained (NP-ADV 1) (PP-DIR to (NP (QP 30 3/4))) (SBAR-TMP after (S (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP starting (NP (NP negotiations) (PP with (NP (NP unidentified parties) (ADJP interested (PP in (S-NOM (NP-SBJ *) (VP acquiring (NP its units)))))))))))))))) .)) (TOP (S (NP-SBJ Investor Arthur Goldberg) (VP is (VP pursuing (NP a (ADJP $ 32-a-share) takeover offer))) .)) (TOP (S (NP-SBJ Esselte Business Systems) (VP rose (NP-EXT 1) (PP-DIR to (NP (QP 43 1/2)))) .)) (TOP (S (NP-SBJ (NP Esselte AB) (PP of (NP Sweden))) (VP offered (NP (NP $ 43.50 *U*) (NP-ADV a share)) (PP-CLR for (NP (NP (NP the 22 %) (PP of (NP the company))) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP does n't (ADVP-TMP already) (VP own (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Public Service) (PP of (NP New Hampshire))) (VP went (ADVP-DIR up) (NP-EXT 3/8) (PP-DIR to (NP 4))) .)) (TOP (S (NP-SBJ Northeast Utilities) (VP boosted (NP its offer (S (NP-SBJ *) (VP to (VP acquire (NP the company))))) (PP by (NP (QP $ 400 million) *U*)) , (PP-CLR to (NP (QP $ 2.25 billion) *U*))) .)) (TOP (S (NP-SBJ (NP Newell) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP (VP declared (NP a 2-for-1 stock split)) and (VP boosted (NP its quarterly dividend) (PP-EXT by (NP 14 %)))))) ,) (VP added (NP 7/8) (PP to (NP (QP 49 3/8)))) .)) (TOP (S (ADVP Also) , (NP-SBJ the company) (VP posted (NP improved third-quarter earnings)) .)) (TOP (S (NP-SBJ The American Stock Exchange Market Value Index) (VP fell (NP-EXT 0.44) (PP to (NP 375.92))) .)) (TOP (S (NP-SBJ Volume) (VP totaled (NP 8,930,000 shares)) .)) (TOP (S (NP-SBJ Mission Resource Partners) (VP lost (NP (QP 5 1/4)) (PP to (NP 14 1/8))) .)) (TOP (S (NP-SBJ (NP The partnership) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP solicited (NP takeover offers))))) ,) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP (VP failed (S (NP-SBJ *-2) (VP to (VP receive (NP (NP any adequate bids) (PP for (NP (NP all) (PP of (NP its operations))))))))) but (VP is (VP reviewing (NP (NP offers) (PP for (NP individual properties))))))))) .)) (TOP (S (NP-SBJ Japan) (VP is (VP going (PP-CLR on (NP (NP a capital-spending binge) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP make (S (NP-SBJ its trade surpluses) (ADJP-PRD even harder (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP shrink (NP *T*-2))))))))))))))) .)) (TOP (S (S (NP-SBJ Its capital spending) (VP is (VP growing (PP-MNR at (NP double-digit rates)) (PP-TMP for (NP (NP the second year) (PP in (NP a row))))))) , and (S (NP-SBJ-1 (NP its superefficient producers) (PP of (NP (NP everything) (PP (PP from (NP cars)) (PP to (NP computer chips)))))) (VP are (VP rushing (S (NP-SBJ *-1) (VP to (VP (VP expand (NP capacity)) , (VP modernize (NP factories)) and (VP develop (NP new products)))))))) .)) (TOP (S-1 `` (NP-SBJ The boom) (VP 's (ADJP-PRD so huge (PRN , '' (SINV (VP says (S *T*-1)) (NP-SBJ (NP Mitsuru Saito) , (NP (NP an economist) (PP-LOC at (NP Sanwa Research Institute))))) , ``) (SBAR 0 (S (NP-SBJ it) (VP makes (S (NP-SBJ you) (VP think (PP-CLR of (NP (NP the Golden '60s) , '' (SBAR (WHADVP-2 when) (S (NP-SBJ Japan) (VP developed (ADVP-MNR rapidly) (ADVP-TMP *T*-2))))))))))))) .)) (TOP (S (SBAR-ADV (X The more factories and robots) (S (NP-SBJ Japanese manufacturers) (VP add (NP *?*)))) , (S (X the more) (NP-SBJ-1 they) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP export (NP *?*)))))))) , and (S (X the less) (NP-SBJ-2 their domestic customers) (VP will (VP need (S (NP-SBJ *-2) (VP to (VP import (NP *?*))))))) .)) (TOP (S (S (PP-LOC At (NP Canon Inc.)) , (PP for (NP example)) , (NP-SBJ sales) (VP are (ADVP-PRD up (NP (QP nearly 20) %)) (NP-TMP this year))) ; so , (S (S (NP-SBJ (NP the maker) (PP of (NP (NP cameras) and (NP computer printers)))) (VP is (VP doing (SBAR-NOM (WHNP-1 what) (S (NP-SBJ any Japanese company) (VP would (VP do (NP *T*-1) (PP under (NP the circumstances))))))))) : (S (NP-SBJ It) (VP is (VP increasing (NP capital spending) -- (PP-EXT by (NP 60 %)))))) .)) (TOP (S (NP-SBJ It) (VP is (VP building , (PP among (NP other things)) , (NP (NP a new laser-beam-printer factory) (PP-LOC in (NP western Japan)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP can (VP produce (NP (QP up to 150,000) printers) (NP-TMP next year)))))))) .)) (TOP (S (NP-SBJ-2 (NP (QP Some 70) %) (PP of (NP them))) (VP are (S (NP-SBJ-1 *-2) (VP to (VP be (VP exported (NP *-1) (PP-DIR to (NP the U.S))))))) .)) (TOP (S (NP-SBJ (NP Even companies) (PP-LOC in (NP (NP smokestack industries) (VP wrestling (PP-CLR with (NP world-wide overcapacity)))))) (VP are (VP joining (NP the boom))) .)) (TOP (S (NP-SBJ (NP Japan 's) steelmakers) (VP are (VP raising (NP capital spending) (NP-EXT 22 %) (NP-TMP this year) (PP-DIR to (NP (QP $ 4.8 billion) *U*)))) .)) (TOP (S (NP-SBJ (NP Hitachi Zosen Corp.) , (NP (NP a shipbuilder) (VP buried (NP *) (PP-CLR in (NP debt)) (ADVP-TMP (NP just a few years) ago))) ,) (VP will (VP build (NP (NP a machinery plant) , (NP (NP its first expansion) (PP-TMP in (NP 14 years)))))) .)) (TOP (SINV (ADJP-PRD-TPC-2 So big (SBAR *ICH*-1)) (VP is (ADJP-PRD *T*-2)) (NP-SBJ the capital-spending boom) (SBAR-1 that (S (NP-SBJ (NP (NP Japanese companies ') outlays) (PP-LOC in (NP Japan))) (VP topped (NP (NP American companies ') domestic outlays) (PP-EXT by (NP (QP $ 521.4 billion to $ 494.8 billion) *U*)) (PP-PRP in (NP (NP the 12 months) (VP ended (NP *) (NP-TMP-CLR March 31)))) (SBAR-ADV even though (S (NP-SBJ (NP (NP Japan 's) total output) (PP of (NP goods and services))) (VP is (NP-PRD (QP less than two-thirds) (NP America 's)))))))) .)) (TOP (S (PP From (NP a financial standpoint)) , (NP-SBJ the boom) (VP could n't (VP come (PP-TMP at (NP a better time)))) .)) (TOP (S (S (NP-SBJ Many Japanese companies) (VP expect (NP record profits) (NP-TMP this fiscal year))) , and (S (NP-SBJ Japanese interest rates) , (SBAR though (FRAG (ADVP up (NP a bit)) (ADVP-TMP recently))) , (VP are (ADVP-TMP still) (ADJP-PRD low))) .)) (TOP (S And (PP-LOC in (NP (NP a business system) (SBAR (WHADVP-1 where) (S (NP-SBJ shareholders) (VP (VP have (NP few rights)) and (VP expect (NP (ADJP only modest) dividends)) (ADVP-LOC *T*-1)))))) , (NP-SBJ companies) (VP can (VP plow (NP their profits) (ADVP-CLR back (PP into (NP plant and equipment))))) .)) (TOP (S But (NP-SBJ (NP some economists and government officials) (ADVP-LOC here)) (VP are n't (VP applauding)) .)) (TOP (S (NP-SBJ They) (VP fear (SBAR that (S (NP-SBJ the boom) (VP may (VP be (ADJP-PRD (ADJP too big) (PP for (NP (NP (NP Japan 's) or (NP anyone else 's)) good)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD (NP an explosive cocktail) '' (VP thrown (NP *) (PP-DIR at (NP the world)))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Kenneth Courtis) , (NP (NP senior economist) (PP-LOC at (NP (NP the Tokyo unit) (PP of (NP Deutsche Bank Group)))))) .)) (TOP (S (NP-SBJ (NP The Ministry) (PP of (NP International Trade and Industry))) (VP is (ADJP-PRD so concerned (SBAR that (S (NP-SBJ it) (ADVP-TMP recently) (VP took (NP (NP the unusual step) (PP of (S-NOM (NP-SBJ *) (VP urging (NP-1 Japanese auto companies) (S (NP-SBJ *-1) (VP to (VP exercise (NP caution) (PP-LOC in (NP capital spending)))))))))))))) .)) (TOP (S (NP-SBJ-1 MITI officials) (VP hope (S (NP-SBJ *-1) (VP to (VP avoid (NP (NP yet-another source) (PP of (NP (NP trade friction) (PP with (NP the U.S.)))))))) (SBAR-ADV even though (S (NP-SBJ export restraints) (ADVP-TMP currently) (VP limit (NP (NP Japanese car exports) (PP to (NP the U.S))))))) .)) (TOP (S (NP-SBJ Not everyone) (VP is (ADJP-PRD worried) , (ADVP however)) .)) (TOP (S (NP-SBJ-1 (NP Some economists) -- and (NP many Japanese companies) --) (VP are (VP puzzled (NP *-1) (PP by (NP-LGS the warnings)))) .)) (TOP (S-2 (NP-SBJ-1 The investment boom) (VP is (VP (VP (ADVP mainly) sparked (NP *-1) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-2)))) ,) (PP by (NP-LGS strong domestic demand))) and (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP increase (NP exports) (ADVP-MNR sharply)))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ-1 much investment) (VP is n't (VP aimed (NP *-1) (PP-CLR at (S-NOM (NP-SBJ *) (VP increasing (NP capacity)))))) .)) (TOP (S (S (PP According (PP to (NP (NP a survey) (PP of (NP (QP some 2,400) large companies)) (PP by (NP the Japan Development Bank))))) , (NP-SBJ expanded capacity) (VP is (NP-PRD (NP the goal) (PP of (NP (NP just 51.8 %) (PP of (NP the outlays))))))) ; (S (PP for (NP (NP manufacturers) (ADVP alone))) , (NP-SBJ the figure) (VP is (NP-PRD 32 %))) .)) (TOP (S (NP-SBJ The manufacturers) (VP said (SBAR 0 (S (S (NP-SBJ-1 (NP 14.2 %) (PP of (NP their spending))) (VP is (VP designed (S (NP-SBJ *-1) (VP to (VP (VP improve (NP products)) or (VP add (NP new ones)))))))) , (S (NP-SBJ 17.5 %) (VP is (S-PRP-PRD (NP-SBJ *) (VP to (VP cut (NP costs)))))) , (S (NP-SBJ 12.5 %) (VP is (PP-PRP-PRD for (NP research and development)))) , and (S (NP-SBJ the rest) (VP is (PP-PRP-PRD for (NP (NP maintenance) and (NP other purposes)))))))) .)) (TOP (S But (NP-SBJ the worriers) (VP remain (ADJP-PRD unconvinced)) .)) (TOP (S (PP With (S-NOM (NP-SBJ Japan) (VP running (NP (NP enormous trade surpluses) (PP against (NP (NP much) (PP of (NP the world)))))))) , (NP-SBJ they) (VP think (SBAR that (S (NP-SBJ-1 Japan) (VP should (VP meet (NP the increased domestic demand) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP importing (NP more))))))))) .)) (TOP (S-1 And (ADVP-TMP eventually) (PRN , (S (NP-SBJ they) (VP contend (SBAR 0 (S *T*-1)))) ,) (NP-SBJ domestic demand) (VP will (VP weaken , (S-ADV (NP-SBJ *) (VP forcing (S (NP-SBJ companies) (VP to (VP emphasize (NP exports) (ADVP-TMP again)))))))) .)) (TOP (S-1 `` (SBAR-ADV If (S (NP-SBJ there) (VP 's (NP-PRD a further drive (S (NP-SBJ *) (VP to (VP export))))))) (PRN , '' (SINV (VP says (S *T*-1)) (NP-SBJ (NP Nobuyuki Arai) , (NP (NP an economist) (PP-LOC at (NP the Japan Development Bank))))) , ``) (NP-SBJ that) (VP 'll (VP be (NP-PRD a problem))) . '')) (TOP (S (PP (ADVP Even) in (NP the short run)) , (NP-SBJ the investment boom) (VP could (VP exacerbate (NP (NP a disturbing trend) : (S (NP-SBJ Japanese exports) (VP are (VP showing (NP (ADJP surprisingly little) tendency (S (NP-SBJ *) (VP to (VP ease)))))))))) .)) (TOP (S (S (NP-SBJ Japanese auto makers) , (PP for (NP example)) , (VP are (VP increasing (NP (NP their production capacity) (PP-LOC in (NP the U.S.)))))) ; (S (NP-SBJ the additional production) (VP should , (PP in (NP part)) , (VP replace (NP imported vehicles) (PP-CLR with (NP (ADJP locally manufactured) ones))))) .)) (TOP (S (S-TPC-1 But (SBAR-ADV although (S (NP-SBJ Japanese companies) (VP increased (NP their U.S. auto output) (PP-EXT by (NP 42 %)) (PP-TMP (PP from (NP January)) (PP to (NP September))) (PP compared (PP with (NP the year-earlier period)))))) , (NP-SBJ (NP their exports) (PP to (NP the U.S.))) (VP will (VP drop (NP-EXT (QP only 9) %) (NP-TMP this year)))) , (NP-SBJ Nikko Research Center) (VP estimates (SBAR 0 (S *T*-1))) .)) (TOP (S (PP In (NP (NP contrast) (PP to (NP previous economic booms)))) , (NP-SBJ-1 Japanese auto companies) (VP are n't (ADVP just) (VP trying (S (NP-SBJ *-1) (VP to (VP boost (NP production)))))) .)) (TOP (S (NP-SBJ-1 Many) (VP are (VP pouring (NP money) (PP-CLR into (S-NOM (NP-SBJ *) (VP developing (NP high-quality products)))) (S-PRP (NP-SBJ *-1) (VP (VP to (VP target (NP affluent consumers))) and , (VP (PP to (NP some extent)) , to (VP avoid (NP (NP direct combat) (PP with (NP (NP cheaper cars) (PP from (NP (NP South Korea) and (NP Taiwan)))))))))))) .)) (TOP (S (NP-SBJ Others) (VP are (VP replacing (NP older facilities) (PP-CLR with (NP (NP flexible assembly lines) (SBAR (WHPP-2 on (WHNP which)) (S (NP-SBJ-1 different models) (VP can (VP be (VP turned (PRT out) (NP *-1) (PP-LOC *T*-2) (ADVP-TMP at once)))))))))) .)) (TOP (S (NP-SBJ (ADJP So many) companies (SBAR *ICH*-1)) (VP are (VP investing (PP-CLR in (NP high-tech machinery)) (SBAR-1 that (S (NP-SBJ-2 (NP Fanuc Ltd.) , (NP a robot maker) ,) (ADVP also) (VP had (S (NP-SBJ *-2) (VP to (VP build (NP a new plant))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The buildup) (VP is `` (VP making (S (NP-SBJ Japan) (ADJP-PRD (ADVP clearly) (ADJP more efficient) , (ADJP more technologically advanced) and (ADJP more competitive)))))) , '' (VP declares (SBAR 0 (S *T*-1))) (NP-SBJ (NP a Western diplomat) (PP-LOC in (NP Tokyo))) .)) (TOP (S But (SBAR-ADV whatever (FRAG (NP (NP its effects) (PP on (NP exports and imports))))) , (NP-SBJ-1 (NP (NP Japan 's) investment boom) (PP-TMP during (NP the past two years))) (VP has (VP been (VP stimulated (NP *-1) (PP (ADVP (ADVP at least) partly) by (NP-LGS soaring domestic demand))))) .)) (TOP (S (S (NP-SBJ (NP (NP Japan 's) marathon economy) , (VP growing (PP-MNR at (NP 4.3 %)) (NP-TMP this year)) ,) (VP is (ADVP-TMP now) (PP-PRD in (NP (NP its 35th month) (PP of (NP expansion)))))) , and (S (NP-SBJ some economists) (VP are (VP betting (SBAR that (S (NP-SBJ the boom) (VP will (VP outlast (NP (NP the record 57-month expansion) (PP-TMP in (NP the late 1960s)))))))))) .)) (TOP (S (NP-SBJ-1 Japanese consumers) (VP are (ADJP-PRD increasingly eager (S (NP-SBJ *-1) (VP to (VP spend (NP their money) , (PP-CLR (ADVP especially) on (NP (NP high-priced goods) (PP such as (NP (NP 29-inch television sets) and (NP luxury cars)))))))))) .)) (TOP (S (NP-SBJ (NP Nissan Motor Co. 's) domestic auto sales) (VP are (ADVP-PRD up (NP 20 %)) (NP-TMP this year) (SBAR-PRP (ADVP largely) because (S (NP-SBJ its expensive Cima , Sylvia and Cefiro models) (VP are (PP-PRD in (NP heavy demand)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ One dealer) (VP told (NP me) (SBAR that (S (SBAR-ADV if (S (NP-SBJ he) (VP had (NP more cars)))) , (NP-SBJ he) (VP 'd (VP sell (NP them) (ADVP-TMP right away))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Takuro Endo) , (NP Nissan executive vice president)) .)) (TOP (S (NP-SBJ He) (VP adds (SBAR that (S (NP-SBJ-1 the company) (VP is (VP trying (S (NP-SBJ-2 *-1) (VP to (VP keep (PRT up) (PP-CLR with (NP demand)) `` (PP-MNR by (S-NOM (NP-SBJ *-2) (VP overworking '' (NP its employees)))))))))))) .)) (TOP (S (ADVP Similarly) , (NP-SBJ (NP Honda Motor Co. 's) sales) (VP are (ADJP-PRD so brisk (SBAR that (S (NP-SBJ workers) (VP grumble (SBAR 0 (S (NP-SBJ they) (VP have n't (VP had (NP a Saturday) (PRT off) (PP-TMP in (NP years)) , (PP despite (NP (NP (NP the government 's) encouragement) (PP of (NP more leisure activity))))))))))))) .)) (TOP (S (SBAR-ADV With (S (S (NP-SBJ demand) (VP growing)) and (S (NP-SBJ workers) (PP-PRD in (NP short supply))))) , (NP-SBJ many Japanese manufacturers) (VP are (VP spending (ADVP-MNR heavily) (PP-CLR on (NP automation)))) .)) (TOP (SINV (PP-LOC-PRD-TPC-2 Among (NP them)) (VP are (PP-LOC-PRD *T*-2)) (NP-SBJ (NP the shipbuilders) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP (VP had (VP halved (NP their shipyard work forces) (S-PRP (NP-SBJ *-3) (VP to (VP cut (NP costs)))) (PP-TMP during (NP (NP a prolonged slump) (PP in (NP demand)))))) but (VP (ADVP-TMP now) are (VP capturing (NP (NP an increased share) (PP of (NP the strengthening global market))))))))) .)) (TOP (S (NP-SBJ (NP Sasebo Heavy Industries Co.) , (NP a medium-sized shipbuilder) ,) (VP expects (S (NP-SBJ its sales) (VP to (VP increase (NP-EXT 30 %) (NP-TMP this year) , (PP-PRP (ADVP largely) because of (NP (NP rising demand) (PP for (NP oil tankers)))))))) .)) (TOP (S (SBAR-TMP Once (S (NP-SBJ one Japanese company) (VP steps (PRT up) (NP its investments)))) , (NP-SBJ the whole industry) (VP follows) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ most businesses) (VP put (NP market share) (PP-PUT above (NP profitability))))) , (S-SBJ (NP-SBJ *) (VP to (VP let (S (NP-SBJ (NP (NP a competitor 's) addition) (PP to (NP capacity))) (VP go (ADJP-PRD unmatched)))))) (VP is (S-PRD (NP-SBJ *) (VP to (VP concede (NP defeat))))) .)) (TOP (S (NP-SBJ (NP The emphasis) (PP on (NP market share))) (VP is (ADJP-PRD evident) (PP-LOC at (NP (NP Daikin Industries Ltd.) , (NP (NP (NP Japan 's) biggest maker) (PP of (NP industrial air conditioners)))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Seeing (S (S (NP-SBJ new office buildings) (VP sprout (PRT up))) and (S (NP-SBJ its sales) (VP soar))))) , (NP-SBJ-2 Daikin) (VP is (VP building (NP (NP another plant) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP lift (NP its production capacity) (NP-EXT 50 %)))))))) .)) (TOP (S (NP-SBJ-1 The expansion) (VP is (VP aimed (NP *-1) (PP-CLR (CONJP not just) (PP at (S-NOM (NP-SBJ *) (VP meeting (NP demand)))) (CONJP but also) (PP at (S-NOM (NP-SBJ *) (VP expanding (NP (NP the company 's) market share) (PP-DIR to (NP 30 %)) (PP-DIR from (NP 27 %) (ADVP-TMP currently)))))))) .)) (TOP (S (S-TPC-1 (ADVP Besides) , (NP-SBJ (NP (NP Daikin 's) major competitors) , (NP (NP Hitachi Ltd.) and (NP Mitsubishi Heavy Industries Ltd.)) ,) `` (VP are all (VP adding (NP production lines)))) , '' (NP-SBJ a Daikin spokesman) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S `` (PP-TMP Until (NP now)) , (NP-SBJ-2 we) (VP were (VP trying (S (NP-SBJ *-2) (VP to (VP increase (NP productivity) (PP-MNR with (NP (NP the facilities) (SBAR (WHNP-1 0) (S (NP-SBJ we) (ADVP-TMP already) (VP had (NP *T*-1))))))))))) .)) (TOP (S But (NP-SBJ we) (VP ca n't (VP produce (NP enough) (ADVP-TMP anymore))) . '')) (TOP (S (NP-SBJ The competition) (VP is (ADJP-PRD (ADVP even more) heated) (PP-LOC in (NP (NP the auto industry) , (SBAR (WHADVP-1 where) (S (NP-SBJ companies) (VP are (VP racing (NP one another) (PP-LOC in (NP a world-wide market)) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (NP-SBJ-2 Nissan) (VP aims (S (NP-SBJ-3 *-2) (VP to (VP expand (NP (NP its (ADJP 25 %) share) (PP of (NP the market))) (PP-DIR to (NP 30 %)) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP spending (NP (QP $ 141 million) *U*) (PP-CLR on (NP (NP a plant) (PP-LOC in (NP southern Japan)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP make (NP (NP (QP as many as 240,000) cars) (NP-ADV a year))))))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (S (NP-SBJ (NP Toyota Motor Corp. 's) (ADJP (QP $ 247 million) *U*) buildup) (VP is (VP increasing (NP its annual capacity) (PP-EXT by (NP 180,000 cars))))) , and (S (NP-SBJ Honda) (VP is (VP spending (NP (QP $ 317 million) *U*) (PP-CLR on (NP expansion))))) .)) (TOP (S (S (NP-SBJ Mazda Motor Corp.) (VP is (ADVP-TMP still) (VP considering (NP its options)))) , but (S (NP-SBJ-1 it) (ADVP-MNR boldly) (VP aims (S (NP-SBJ *-1) (VP to (VP double (NP its annual domestic sales) (PP-CLR to (NP 800,000 cars)) (PP-TMP in (NP the next four years))))))) .)) (TOP (S (NP-SBJ (NP Those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are n't (ADJP-PRD worried (PP about (SBAR (WHADVP-2 how) (S (NP-SBJ (NP Japanese manufacturers ') investments) (VP will (VP affect (NP trade) (ADVP-MNR *T*-2))))))))))) (VP note (SBAR that (S (NP-SBJ many new products) (VP are n't (NP-PRD (NP replacements) (PP for (NP imports))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ imports) (VP account (PP-CLR for (NP (NP (QP less than 1) %) (PP of (NP (NP beer sales) (PP-LOC in (NP Japan))))))))) , (NP-SBJ-2 (NP Asahi Breweries Ltd.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (VP gaining (NP share) (PP with (NP its popular dry beer))))))) ,) (VP plans (S (NP-SBJ-3 *-2) (VP to (VP fend (PRT off) (NP Japanese competitors) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP pouring (NP (QP $ 1.06 billion) *U*) (PP-CLR into (NP (NP facilities) (SBAR (WHADVP-4 0) (S (NP-SBJ *) (VP to (VP brew (NP (ADJP (NP-ADV 50 %) more) beer) (ADVP-MNR *T*-4)))))))))))))) .)) (TOP (S But (S (NP-SBJ new-product development) (VP will (VP make (S (NP-SBJ Japanese companies) (ADJP-PRD stronger))))) , and (S (NP-SBJ (NP big investments) (PP in (NP (NP `` domestic '' industries) (PP such as (NP beer))))) (VP will (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD even tougher) (SBAR-1 for (S (NP-SBJ foreign competitors) (VP to (VP crack (NP the Japanese market))))))))) .)) (TOP (S (S (ADVP Moreover) , (NP-SBJ (NP much) (PP of (NP the investment boom))) (VP is (PP-LOC-PRD in (NP (NP high-tech fields) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ Japanese companies) (VP have (NP only limited foreign competition) (PP-LOC *T*-1)))))))) ; so , (S (NP-SBJ more investment) (ADVP practically) (VP assures (NP more exports))) .)) (TOP (S (NP-SBJ-1 Toshiba Corp.) , (PP for (NP example)) , (VP is (VP spending (NP (QP $ 986 million) *U*) (PP-CLR on (NP two new plants)) (S-PRP (NP-SBJ *-1) (VP to (VP build (NP (NP four-megabit dynamic random access memories) , (NP (NP the next generation) (PP of (NP computer chips))))))))) .)) (TOP (S (S (NP-SBJ-2 The product) (VP is n't (ADVP widely) (VP used (NP *-2) (ADVP-TMP yet)))) , but (S (NP-SBJ (NP Toshiba) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (ADVP-TMP already) (VP beaten (NP everyone else) (PP-CLR in (S-NOM (NP-SBJ *) (VP producing (NP the current-generation one-megabit DRAMs)))))))) ,) (VP believes (SBAR that (S (NP-SBJ its early investment) (VP will (VP heighten (NP (NP its chances) (PP of (S-NOM (NP-SBJ *) (VP beating (NP its competitors) (ADVP-TMP again))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD important) (S-1 (NP-SBJ *) to (VP gain (NP leadership))))) , '' (NP-SBJ a Toshiba spokesman) (VP says (S *T*-2)) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ (NP (NP Toshiba 's) Japanese rivals) , (NP (NP Hitachi) , (NP Fujitsu Ltd.) and (NP NEC Corp.)) ,) (VP are n't (VP sitting (ADVP-CLR still))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP doubling (NP (NP production) (PP-LOC in (NP one plant)))))) , (NP-SBJ-1 NEC) (VP is (VP spending (NP (QP $ 275 million) *U*) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP build (NP (NP another plant) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) , (PP-TMP in (NP two years)) , (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP make (NP (NP a million four-megabit DRAMs) (NP-ADV a year)))))))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The new chip plants) `` (VP wo n't (VP be (NP-PRD excessive investment)))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Hajime Sasaki) , (NP an NEC vice president)) .)) (TOP (S `` (NP-SBJ We) (VP have (NP (NP (NP enough products) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP make (NP *T*-1)))))) and (NP (NP the markets) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP sell (NP these products) (ADVP-LOC *T*-2)))))))) . '')) (TOP (S (NP-SBJ (NP Some) (PP of (NP (NP (NP Japan 's) goods) (VP being (VP produced (NP *) (PP-PRP as (NP (NP a result) (PP of (NP the investment boom))))))))) (VP are (ADVP-TMP already) (ADJP-PRD successful) (ADVP-LOC overseas)) .)) (TOP (S (NP-SBJ (NP (NP Toyota 's) (ADJP $ 35,000 *U*) Lexus automobile) , (NP (NP a luxury model) (SBAR (WHNP-1 that) (S (NP-SBJ-2 it) (VP started (S (NP-SBJ *-2) (VP shipping (NP *T*-1) (PP-DIR to (NP the U.S.)))) (NP-TMP only last month))))) ,) (VP is (VP racking (PRT up) (NP orders) (PP-TMP at (NP (NP a time) (SBAR (WHADVP-3 when) (S (NP-SBJ (ADJP U.S.-made luxury-car) sales) (VP are (ADJP-PRD slow) (ADVP-TMP *T*-3)))))))) .)) (TOP (S (NP-SBJ-1 Toyota) (VP plans (S (NP-SBJ *-1) (VP to (VP raise (NP Lexus exports) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ a new plant) (VP starts (PRT up) (NP-TMP next year) (ADVP-TMP *T*-2)))))))) .)) (TOP (FRAG (WHNP What) (SBAR-ADV if (S (NP-SBJ its sales) (VP weaken (ADVP-TMP someday)))) ?)) (TOP (S (NP-SBJ Japanese companies) (VP have (NP a caveat competitor attitude)) .)) (TOP (S-1 (SBAR-ADV If (S (NP-SBJ excess capacity) (VP develops))) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-1)))) ,) (NP-SBJ not everyone) (VP will (VP suffer)) .)) (TOP (S (S (NP-SBJ The losers) (VP will (VP be (NP-PRD (NP those) (PP with (NP the (ADJP least attractive) products)))))) , and (S-1 (NP-SBJ (NP many) (PP of (NP them))) (PRN , (S (NP-SBJ analysts) (VP think (SBAR 0 (S *T*-1)))) ,) (VP will (VP be (NP-PRD foreign companies)))) .)) (TOP (S (NP-SBJ Benjamin Franklin Federal Savings & Loan Association) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP restructure))) (PP-LOC in (NP (NP the wake) (PP of (NP (NP (NP a third-quarter loss) (PP of (NP (NP (QP $ 7.7 million) *U*) , or (NP (NP $ 1.01 *U*) (NP-ADV a share)) ,))) (VP reflecting (NP (NP an (ADJP (QP $ 11 million) *U*) addition) (PP to (NP loan-loss reserves)))))))))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Portland , Ore.) , thrift) (VP said (SBAR 0 (S (NP-SBJ the restructuring) (VP should (VP help (S (NP-SBJ it) (VP meet (NP (NP new capital standards) (PP from (NP the Financial Institution Reform , Recovery and Enforcement Act)))))))))) .)) (TOP (S (ADVP-TMP (NP A year) ago) , (NP-SBJ Benjamin Franklin) (VP had (NP (NP profit) (PP of (NP (NP (QP $ 1.8 million) *U*) , or (NP (NP 23 cents) (NP-ADV a share)))))) .)) (TOP (S (PP-LOC In (NP over-the-counter trading)) (NP-TMP yesterday) , (NP-SBJ Benjamin Franklin) (VP rose (NP-EXT 25 cents) (PP-DIR to (NP $ 4.25 *U*))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ (NP the restructuring 's) initial phase) (VP will (VP feature (NP (NP a gradual reduction) (PP in (NP (NP assets) and (NP staff positions))))))))) .)) (TOP (S (NP-SBJ The plan) (VP may (VP include (S (NP-SBJ *) (VP (VP selling (NP branches)) , (VP consolidating or eliminating (NP departments)) , and (VP (VP winding (PRT down) (NP *RNR*-1)) or (VP disposing (PP-CLR of (NP *RNR*-1))) (NP-1 unprofitable units) (PP-TMP within (NP 18 months))))))) .)) (TOP (S (ADVP-TMP-TPC-1 Initially) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP will (VP (VP close (NP its commercial real-estate lending division)) , and (VP stop (S (NP-SBJ *-2) (VP originating (NP new leases) (PP-LOC at (NP its commercial lease subsidiary))))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Details) (PP of (NP the restructuring))) (VP wo n't (VP be (VP made (S (NP-SBJ *-1) (ADJP-PRD final)) (SBAR-TMP until (S (NP-SBJ regulators) (VP approve (NP (NP the regulations) (VP mandated (NP *) (PP by (NP-LGS the new federal act))))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 (NP Amdahl Corp.) , (NP (NP a maker) (PP of (NP mainframe computers))) ,) (VP reported (NP (NP a sharp decline) (PP in (NP net income)) (PP-TMP for (NP its third quarter))) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP (NP pricecutting) (PP by (NP competitors))) and (NP (NP adverse effects) (PP from (NP a strong U.S. dollar))))))) .)) (TOP (S (NP-SBJ Net income) (VP fell (NP-EXT 37 %) (PP-DIR to (NP (NP (QP $ 32.9 million) *U*) , or (NP (NP 30 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 52.2 million) *U*) , or (NP (NP 48 cents) (NP-ADV a share)))) , (PP-TMP in (NP the year-ago period))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 15 %) (PP-DIR to (NP (QP $ 534.3 million) *U*)) (PP-DIR from (NP (QP $ 464.7 million) *U*))) .)) (TOP (S (NP-SBJ (NP Amdahl 's) results) (VP were (ADJP-PRD (ADJP somewhat worse) (SBAR than (FRAG (VP expected))))) .)) (TOP (S (NP-SBJ (NP Jay Stevens) , (NP (NP an analyst) (PP with (NP Dean Witter Reynolds))) ,) (VP (VP said (SBAR 0 (S (NP-SBJ he) (VP expected (S (NP-SBJ the (NAC-LOC Sunnyvale , Calif.) , company) (VP to (VP earn (NP (NP 35 cents) (NP-ADV a share)) (PP-TMP for (NP the quarter))))))))) and (VP said (SBAR 0 (S (NP-SBJ (NP the firm 's) weaker profit) (VP was (ADVP partly) (NP-PRD (NP the result) (PP of (NP (NP increased competition) (PP from (NP (NP International Business Machines Corp.) , (NP (NP (NP Amdahl 's) principal competitor) (PP for (NP mainframe sales))))))))))))) .)) (TOP (S (NP-SBJ ONEIDA Ltd.) (VP declared (NP (NP a (ADJP 10 %) stock dividend) , (ADJP payable (NP-TMP Dec. 15) (PP to (NP (NP stock) (PP of (NP (NP record) (NP Nov. 17)))))))) .)) (TOP (S (NP-SBJ (NP The (NAC-LOC Oneida , N.Y. ,) maker) (PP of (NP (UCP consumer , food-service and industrial) products))) (ADVP also) (VP declared (NP (NP (NP a quarterly cash dividend) (PP of (NP (NP 12 cents) (NP-ADV a share)))) , (PP with (NP the same (UCP payable and record) dates)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The cash dividend) (VP paid (NP *) (PP-CLR on (NP the common stock)))) (ADVP also) (VP will (VP apply (PP-CLR to (NP the new shares))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ The move) (VP (VP rewards (NP shareholders)) and (VP should (VP improve (NP (NP the stock 's) liquidity))))) , (NP-SBJ Oneida) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The company) (VP has (NP (NP (QP about 8.8 million) shares) (ADJP outstanding))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ (NP Oneida 's) shares) (VP closed (PP-CLR at (NP (NP $ 18.375 *U*) (NP-ADV a share))) , (ADVP unchanged)) .)) (TOP (S (NP-SBJ-1 Federal health officials) (VP are (VP expected (S (NP-SBJ *-1) (NP-TMP today) (VP to (VP approve (NP (NP a program) (VP granting (NP (NP long-deferred access) (PP to (NP (NP the drug) (NP AZT))) (PP for (NP (NP children) (PP with (NP acquired immune deficiency syndrome)))))))))))) .)) (TOP (S (NP-SBJ-2 (NP Announcement) (PP of (NP the approval))) (VP is (VP expected (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP made (NP *-1) (PP by (NP-LGS (NP Louis Sullivan) , (NP (NP secretary) (PP of (NP Health and Human Services))))))))))) .)) (TOP (S (NP-SBJ (NP The clearance) (PP by (NP the Food and Drug Administration))) (VP comes (PP-TMP after (NP (NP two years) (PP of (NP (NP restricted access) (PP for (NP (NP the youngest victims) (PP of (NP AIDS)))) (PP to (NP (NP the only antiviral drug) (VP (ADVP-TMP yet) cleared (S (NP-SBJ *) (VP to (VP treat (NP the fatal disease)))))))))))) .)) (TOP (S (NP-SBJ-1 The drug) (VP will (VP be (VP given (NP *-1) (NP (NP treatment investigational new drug status) , (NP (NP a label) (VP accorded (NP *) (PP-DTV to (NP (NP drugs) (VP (VP believed (S (NP-SBJ *) (ADJP-PRD effective))) but (VP lacking (NP formal approval))))))))))) .)) (TOP (S (NP-SBJ The move) (VP will (VP make (S (NP-SBJ the drug) (ADJP-PRD available (ADVP free (PP of (NP charge))) (PP-TMP for (NP a time)) (PP to (NP (NP children) (PP with (NP (NP the disease) and (NP (NP symptoms) (PP of (NP advanced infection))))))))))) .)) (TOP (S (NP-SBJ (NP Adults) (PP with (NP AIDS))) (VP have (VP had (NP (NP access) (PP to (NP AZT))) (SBAR-TMP since (S (NP-SBJ FDA) (VP approved (NP (NP (NP the drug 's) usage) (PP for (NP adults))) (PP-TMP in (NP March 1987))))))) .)) (TOP (S But (PP despite (NP (NP (QP more than two) years) (PP of (NP (NP research) (VP showing (SBAR 0 (S (NP-SBJ AZT) (VP can (VP relieve (NP (NP dementia) and (NP other symptoms)) (PP in (NP children))))))))))) , (NP-SBJ the drug) (ADVP-TMP still) (VP lacks (NP (NP federal approval) (PP for (NP (NP use) (PP in (NP the youngest patients)))))) .)) (TOP (S (PP-PRP As (NP a result)) , (S (NP-SBJ-1 many youngsters) (VP have (VP been (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP obtain (NP the drug)))))))) and (S , (PP for (NP the few exceptions)) , (NP-SBJ insurance carriers) (VP wo n't (VP cover (NP (NP its cost) (PP of (NP (NP $ 6,400 *U*) (NP-ADV a year))))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ AIDS) (VP has (VP stricken (NP (NP 1,859 children) (PP under (NP age 13))) , (SBAR-ADV with (S (NP-SBJ (QP many times) that number) (VP believed (S (NP-SBJ *) (VP to (VP carry (NP the infection) (PP-MNR without (NP symptoms)))))))))) .)) (TOP (S (PP-TMP To (NP date)) , (NP-SBJ (NP 1,013) (PP of (NP those children))) (VP have (VP died , (PP according (PP to (NP (NP the federal Centers) (PP for (NP Disease Control))))))) .)) (TOP (S (NP-SBJ (NP Mothers) (PP of (NP young AIDS patients))) (VP expressed (NP somber satisfaction)) .)) (TOP (S `` (NP-SBJ *) (VP Thank (NP-CLR goodness) (SBAR 0 (S (NP-SBJ it) (VP 's (VP happening))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ It) (VP should (VP have (VP happened (ADVP-TMP sooner))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Elizabeth Glaser) , (NP (NP a Los Angeles mother and activist) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP contracted (NP the AIDS virus) (PP-MNR through (NP a blood transfusion))) , and (VP transmitted (NP it) (PP-CLR to (NP (NP two) (PP of (NP her children)))))))))) .)) (TOP (S (NP-SBJ (NP (NP One) (PP of (NP them))) , (NP (NP a daughter) (NP Ariel)) ,) (VP died (ADVP-TMP (NP a year) ago) (PP at (NP age seven)) (SBAR-TMP after (S (NP-SBJ her parents) (ADVP unsuccessfully) (VP pleaded (PP-CLR for (NP the drug)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP could (VP get (NP AZT)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mrs. Glaser) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP bears (NP her infection) (PP-MNR without (NP any symptoms)))))) .)) (TOP (S `` But (NP-SBJ my daughter) (VP could n't (VP *?*) , (SBAR-TMP until (S (NP-SBJ she) (VP was (ADJP-PRD too ill (S (NP-SBJ *) (VP to (VP take (NP it))))))))) .)) (TOP (S (S-SBJ (NP-SBJ *) (VP To (VP watch (S (NP-SBJ your child) (VP die))))) (VP is (NP-PRD an inhuman experience)) . '')) (TOP (S (NP-SBJ-1 Her son) , (S-ADV (NP-SBJ *-1) (ADJP-PRD healthy and symptom-free)) , (ADVP-TMP currently) (VP takes (NP no medication)) .)) (TOP (S (NP-SBJ-1 (NP The delay) (PP in (S-NOM (NP-SBJ *) (VP getting (NP AZT) (PP-DTV to (NP children)))))) (VP has (VP been (VP blamed (NP *-1) (PP-CLR on (NP (NP a combination) (PP of (NP factors))))))) .)) (TOP (S (ADVP Traditionally) , (NP-SBJ-1 the medical establishment) (VP has (VP waited (NP two years) (S-CLR (NP-SBJ *-1) (VP to (VP approve (NP adult treatments) (PP-CLR for (NP pediatric uses))))) , (PP-PRP because of (NP (NP a combination) (PP of (NP (NP conservative safety standards) and (NP red tape))))))) .)) (TOP (S (ADVP Secondly) , (NP-SBJ critics) (VP have (VP charged (NP (NP (NP AZT 's) maker) (NP Burroughs Wellcome Co.)) (PP-CLR with (NP (NP corporate inertia) (SBAR-PRP because (S (NP-SBJ children) (VP account (PP-CLR for (NP (NP (NP just 1 %) (PP of (NP the patient population))) and (ADVP hence) (NP (NP a small part) (PP of (NP the (ADJP large and lucrative) market)))))))))))) .)) (TOP (S (NP-SBJ-1 Wellcome) (VP has (VP (VP replied (SBAR that (S (NP-SBJ-2 it) (VP is (VP moving (ADVP-DIR ahead) (S-PRP (NP-SBJ *-2) (VP to (VP compile (NP the relevant data))))))))) , and (VP (ADVP-TMP recently) promised (S (NP-SBJ *-1) (VP to (VP develop (NP (NP a pediatric syrup form) (ADJP easier (SBAR (WHNP-3 0) for (S (NP-SBJ youngsters) (VP to (VP take (NP *T*-3))))))))))))) .)) (TOP (S (ADVP-TMP Still) , (NP-SBJ all this) (VP comes (SBAR-TMP (NP nearly a year and a half) after (S (NP-SBJ (NP Philip Pizzo) (PP of (NP the National Cancer Institute))) (VP offered (NP evidence (SBAR that (S (NP-SBJ-1 AZT) (VP could (VP reverse (NP (NP the ravages) (PP of (NP AIDS dementia))) , (S-ADV (NP-SBJ *-1) (ADVP-TMP sometimes) (VP prompting (NP (NP (NP dramatic recovery) (PP of (NP IQ levels))) and (NP (NP reappearance) (PP of (NP lost motor skills))))))))))))))) .)) (TOP (S (PP-TMP Since (NP then)) , (NP-SBJ (QP roughly 50) pediatric patients) (VP have (VP received (NP the drug) (PP-LOC in (NP his program)))) .)) (TOP (S (PP To (NP some mothers)) , (NP-SBJ the expected FDA action) (VP is (NP-PRD (NP a poignant reminder) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP might (VP have (VP been)))))))) .)) (TOP (S `` (NP-SBJ My first reaction) (VP is (SBAR-PRD 0 (S (NP-SBJ I) (VP do n't (VP understand (SBAR (WHADVP-1 why) (S (NP-SBJ it) (VP 's (VP taken (ADVP-TMP-CLR so long) (ADVP-PRP *T*-1)))))))))) .)) (TOP (SINV (SBARQ-TPC-4 (WHADVP-3 Why) (SQ has (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP taken (NP people) (ADVP-TMP-CLR so long) (SBAR-1 for (S (NP-SBJ people) (VP to (VP understand (SBAR 0 (S (NP-SBJ pediatric AIDS) (VP is (NP-PRD a major problem)))))))) (ADVP-PRP *T*-3))) ? '') (VP asked (SBARQ *T*-4)) (NP-SBJ (NP Helen Kushnick) , (SBAR (WHNP-2 (WHNP whose son) (NP Samuel)) (S (NP-SBJ-5 *T*-2) (VP died (ADVP-TMP (NP six years) ago) (PP at (NP age three)) , (S-ADV (NP-SBJ *-5) (NP-PRD (NP victim) (PP of (NP a tainted transfusion)))))))) .)) (TOP (S (NP-SBJ-2 Similar sentiments) (VP were (VP voiced (NP *-2) (PP-LOC on (NP Capitol Hill)))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-ADV While (S (NP-SBJ I) (VP 'm (ADJP-PRD pleased (SBAR 0 (S (NP-SBJ the FDA) (VP is (ADVP-TMP finally) (VP releasing (NP AZT) (PP for (NP children)))))))))) , (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (VP taken (ADVP-TMP-CLR much too long) (S-1 (NP-SBJ *) (VP to (VP get (PP-DIR to (NP this point)))))))) , '' (VP said (S *T*-2)) (NP-SBJ Rep. Ted Weiss) .)) (TOP (S (SBARQ-TPC-1 `` (WHADVP Why) (SQ did (NP-SBJ (NP it) (S *EXP*-2)) (VP take (NP Burroughs Wellcome) (ADVP-TMP-CLR so long) (S-2 (NP-SBJ *) (VP to (VP apply '' (PP-CLR for (NP treatment investigational new drug status))))))) ?) (NP-SBJ the New York Democrat) (VP asked (SBARQ *T*-1)) .)) (TOP (S `` (S-TPC-2 (NP-SBJ *) (VP Let (S (NP-SBJ 's) not (VP forget (SBAR 0 (S (NP-SBJ this) (VP is (NP-PRD (NP the same company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP been (VP profiteering (PP-MNR with (NP this drug)) (PP-TMP for (NP (QP 2 1) years))))))))))))))) , '' (NP-SBJ Mr. Weiss) (VP added (S *T*-2)) .)) (TOP (S (NP-SBJ (NP Mrs. Glaser) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP a co-founder) (PP of (NP (NP the Pediatric AIDS Foundation) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Santa Monica) , (NP Calif.) ,)))))))))) (VP condemned (NP (ADJP neither bureaucratic nor corporate) foot-dragging)) .)) (TOP (S `` (S-TPC-3 (NP-SBJ There) (VP 's (NP-PRD (NP no finger) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP pointed (NP *-1))))))))) , '' (NP-SBJ she) (VP said (S *T*-3)) .)) (TOP (S `` (NP-SBJ The crucial thing) (VP is (UCP-PRD (SBAR that (S (NP-SBJ we) (VP learn (NP our lesson) (ADVP-MNR well)))) , and (S (NP-SBJ *) (VP to (VP make (S (ADJP-PRD sure ) (SBAR-NOM-SBJ 0 (S (NP-SBJ (NP other experimental drugs) , (PP like (NP (NP Bristol-Myers Co. 's) DDI)) ,) (VP do n't (VP follow (NP (NP the same frustrating course) (PP as (NP AZT))))))))))))) . '')) (TOP (S (NP-SBJ (NP AIDS dementia) (PRN -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-MNR gradually) (VP steals (NP (NP children 's) ability (S (NP-SBJ *) (VP to (VP speak , walk and think))))))) --)) (VP is (ADVP-TMP often) (NP-PRD (NP the (ADJP most striking) aspect) (PP of (NP the pediatric syndrome)))) .)) (TOP (S (PP For (NP some patients)) , (NP-SBJ AZT) (VP has (VP restored (NP the ability (S (NP-SBJ *) (VP to (VP (VP ride (NP a bicycle)) or (VP solve (NP puzzles)))))) , (S-ADV (NP-SBJ *) (VP giving (PRT back) (NP (NP a piece) (PP of (NP their childhood))) (SBAR-ADV if (FRAG (ADVP only temporarily))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP It) (S *EXP*-3)) (VP 's (ADJP-PRD impossible) (S-3 (NP-SBJ *) to (VP overstate (SBAR (WHNP-4 how much) (S (NP-SBJ this) (VP means (NP *T*-4) (PP-CLR to (NP (NP the families) (PP of (NP these patients))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Samuel Broder) , (NP (NP (NP director) (PP of (NP the National Cancer Institute))) and (NP (NP a main developer) (PP of (NP AZT))))) .)) (TOP (S (NP-SBJ AVON RENT-A-CAR & TRUCK Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP declared (NP (NP a dividend) (PP of (NP (NP one warrant) (PP for (NP (NP each three shares) (PP of (NP common stock))))))))))) .)) (TOP (S (ADVP-TMP Currently) , (NP-SBJ (NP Avon) , (VP based (NP *) (PP-LOC in (NP (NP Santa Monica) , (NP Calif.) ,)))) (VP has (NP (NP (QP 3.3 million) common shares) (ADJP outstanding))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (QP About 1.1 million) Class C warrants) (VP were (VP issued (NP *-1)))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Each) (PP of (NP the Class C warrants))) (VP will (VP enable (S (NP-SBJ the holders) (VP to (VP purchase (NP (NP one share) (PP of (NP common stock))) (PP-CLR at (NP $ 5.50 *U*))))))) .)) (TOP (S (NP-SBJ-1 The warrants) (VP may (VP be (VP exercised (NP *-1) (PP-TMP until (PP (NP-ADV 90 days) after (NP their issue date)))))) .)) (TOP (S (NP-SBJ Avon) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP issue (NP (NP an additional 243,677) (PP of (NP the Class C warrants))) (PP-DTV to (NP (NP holders) (PP of (NP its (UCP Class A , Class B and unclassified) warrants))))))))) .)) (TOP (S (NP-SBJ (NP Issuance) (PP of (NP those warrants))) (VP will (VP be (PP-PRD at (NP (NP the rate) (PP of (NP (NP one-third warrant) (PP for (NP (NP each warrant) (VP exercised (NP *)))))))))) .)) (TOP (S (NP-SBJ-1 THE BIG BOARD) (VP PLANS (S (NP-SBJ *-1) (VP to (VP launch (NP (NP its own vehicle) (PP for (NP program trading))) (NP-TMP today)))) (PP amid (NP (NP growing controversy) (PP over (NP the practice))))) .)) (TOP (S (NP-SBJ (NP The new `` baskets '') (PP of (NP stocks))) (VP will (VP allow (S (NP-SBJ big investors) (VP to (VP buy or sell (NP all 500 S&P index stocks) (PP-MNR in (NP a single trade))))))) .)) (TOP (S (NP-SBJ The exchange) (VP argues (SBAR that (S (NP-SBJ-2 (NP the product) , (SBAR (WHNP-1 which) (S (NP-SBJ the SEC) (ADVP temporarily) (VP approved (NP *T*-1) (NP-TMP yesterday)))) ,) (VP will (VP help (S (NP-SBJ *-2) (VP ease (CONJP rather than) worsen (NP (NP any volatility) (PP-LOC in (NP the stock market)))))))))) .)) (TOP (S (NP-SBJ SEC Chairman Breeden) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP would (VP consider (S (NP-SBJ-2 *-1) (VP imposing `` (NP circuit breakers) '' (S-PRP (NP-SBJ *-2) (VP to (VP halt (NP program trading) (PP-TMP during (NP (NP sharp swings) (PP-LOC in (NP the market)))))))))))))) .)) (TOP (S (NP-SBJ-1 Kemper Financial Services) (VP has (VP stopped (S (NP-SBJ *-1) (VP executing (NP its stock trades) (PP-MNR through (NP four big securities firms)))) (PP-PRP because of (NP (NP their involvement) (PP in (NP (NP program trading) , (SBAR (WHNP-2 which) (S (NP-SBJ Kemper and others) (VP say (SBAR 0 (S (NP-SBJ *T*-2) (VP is (VP ruining (NP the market)))))))))))))) .)) (TOP (S (NP-SBJ (NP The main capital-gains tax plan) (PP-LOC in (NP the Senate))) (VP is n't (VP winning (NP (NP support) (PP from (NP (NP Democrats) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP favor (NP a reduction))))))))) .)) (TOP (S (NP-SBJ The trend) (VP is (VP making (S (NP-SBJ proponents) (ADJP-PRD less optimistic (SBAR 0 (S (NP-SBJ a tax cut) (VP will (VP pass)))))))) .)) (TOP (S (NP-SBJ-1 (NP Bethlehem Steel 's) profit) (VP plunged (NP-EXT 54 %) (PP-TMP in (NP the third quarter)) , (S-ADV (NP-SBJ *-1) (VP hurt (NP *) (PP by (NP-LGS (NP higher costs) and (NP (NP lower shipments) (PP to (NP key clients)))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ (NP Armco) and (NP National Intergroup)) (VP had (NP (NP lower operating profit) (PP-LOC in (NP steel))) , (S-ADV (NP-SBJ *) (VP marking (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP may (VP be (NP-PRD (NP the end) (PP of (NP a two-year industry boom)))))))))) .)) (TOP (S (NP-SBJ Columbia S&L) (VP posted (NP (NP a quarterly loss) (PP of (NP (QP $ 226.3 million) *U*))) (SBAR-TMP as (S (NP-SBJ the Beverly Hills thrift) (VP reeled (PP-CLR from (NP (NP new industry rules) and (NP (NP turmoil) (PP-LOC in (NP junk bonds))))))))) .)) (TOP (S (NP-SBJ-1 Anheuser-Busch) (VP plans (S (NP-SBJ *-1) (VP to (ADVP-MNR aggressively) (VP discount (NP its major beer brands)))) , (S-ADV (NP-SBJ *) (VP setting (NP the stage) (PP-CLR for (NP a price war)) (SBAR-TMP as (S (NP-SBJ (NP the beer industry 's) growth) (VP slows)))))) .)) (TOP (S (NP-SBJ PS New Hampshire) (VP received (NP a sweetened bid) (PP-CLR from (NP (NP another suitor) , (NP United Illuminating) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP valued (NP its new proposal) (PP-LOC-CLR at (NP (NP (QP $ 2.29 billion) *U*) , (VP (ADVP apparently) topping (NP (NP all others) (ADVP-TMP so far))))))))))) .)) (TOP (S (NP-SBJ Financial markets) (VP quieted , (PP with (S-NOM (S (NP-SBJ stock prices) (VP edging (ADVP-CLR lower))) , (S (NP-SBJ bonds) (VP inching (ADVP-CLR up))) and (S (NP-SBJ the dollar) (ADJP-PRD almost unchanged))))) .)) (TOP (S (NP-SBJ The Dow Jones industrials) (VP closed (ADVP-CLR off (NP 5.94 points)) , (PP at (NP 2653.28))) .)) (TOP (S (NP-SBJ Fed Chairman Greenspan) (VP said (SBAR 0 (S (S (NP-SBJ-1 the central bank) (VP can (VP wipe (PRT out) (NP inflation) (PP-MNR without (S-NOM (NP-SBJ *-1) (VP causing (NP a recession))))))) , but (S (S-NOM-SBJ (NP-SBJ *) (VP doing (ADVP-CLR so))) (VP will (VP inflict (NP short-term pain))))))) .)) (TOP (S (NP-SBJ (NP GM 's) Hughes Electronics unit) (VP said (SBAR 0 (S (NP-SBJ profit) (VP slid (NP-EXT 22 %) (PP-TMP in (NP the third quarter)))))) .)) (TOP (S (NP-SBJ (NP The finance unit) , (NP GMAC) ,) (VP said (SBAR 0 (S (S (NP-SBJ net) (VP fell (NP-EXT 3.1 %))) , but (S (NP-SBJ (NP EDS 's) profit) (VP rose (NP-EXT 16 %)))))) .)) (TOP (S (NP-SBJ Campeau) (ADVP reportedly) (VP may (VP receive (NP (NP a (ADJP (QP $ 1.3 billion) *U*) offer) (PP for (NP Bloomingdale 's))) (PP-CLR from (NP (NP Tokyu Department Store) (PP of (NP Japan)))))) .)) (TOP (S (NP-SBJ-1 Campeau) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ-1 (NP UAL 's) pilots and machinists unions) (VP appear (S (NP-SBJ *-1) (VP to (VP hold (NP (NP the key) (PP to (NP (NP any future takeover bid) (PP for (NP the airline))))))))) .)) (TOP (S (NP-SBJ-1 Provigo) (VP plans (S (NP-SBJ *-1) (VP to (VP sell (NP all non-food operations)))) (S-PRP (NP-SBJ *-1) (VP to (VP refocus (PP-CLR on (NP its (ADJP retail and wholesale) grocery business)))))) .)) (TOP (S (ADVP Also) , (NP-SBJ Chairman Pierre Lortie) (VP resigned) .)) (TOP (S (NP-SBJ Westinghouse) (VP expects (NP (NP (NP operating margins) (PP of (NP (QP over 10) %))) and (NP (NP (ADJP sharply higher) earnings) (PP per (NP share)))) (NP-TMP next year) (PP-PRP due (PP to (NP a major restructuring)))) .)) (TOP (S (NP-SBJ Some major U.S. trade partners) (ADVP-MNR quickly) (VP rejected (NP (NP a compromise proposal (S *ICH*-1)) (PP by (NP Bush)) (S-1 (NP-SBJ *) (VP to (VP (VP liberalize (NP trade)) and (VP reduce (NP farm-product subsidies))))))) .)) (TOP (NP-HLN Markets --)) (TOP (NP (NP Stocks) : (NP (NP Volume) (NP 155,650,000 shares)) .)) (TOP (NP (NP (NP Dow Jones industrials) (NP (NP 2653.28) , (ADVP off (NP 5.94)))) ; (NP (NP transportation) (NP (NP 1199.32) , (ADVP off (NP 11.38)))) ; (NP (NP utilities) (NP (NP 216.49) , (ADVP up (NP 1.45)))) .)) (TOP (NP (NP Bonds) : (NP (NP Shearson Lehman Hutton Treasury index) (NP (NP 3427.39) , (ADVP up))))) (TOP (NP (NP Commodities) : (NP (NP (NP Dow Jones futures index) (NP (NP 129.48) , (ADVP up (NP 0.24)))) ; (NP (NP spot index) (NP (NP 130.73) , (ADVP off (NP 0.03))))) .)) (TOP (NP (NP Dollar) : (NP (NP (NP 141.52 yen) , (ADVP up (NP 0.07))) ; (NP (NP 1.8353 marks) , (ADVP off (NP 0.0002)))) .)) (TOP (S (NP-SBJ GORBACHEV) (VP SAID (SBAR 0 (S (NP-SBJ Moscow) (VP wo n't (VP intervene (PP-LOC-CLR in (NP (NP East bloc moves) (PP to (NP democracy))))))))) .)) (TOP (S (NP-SBJ The Kremlin leader) , (PP-TMP on (NP (NP the first day) (PP of (NP (NP a three-day official visit) (PP to (NP Helsinki)))))) , (VP assured (NP (NP Finland 's) president) (SBAR that (S (NP-SBJ the Soviet Union) (VP has `` (NP no (ADJP moral or political) right '' (S (NP-SBJ *) (VP to (VP interfere (PP-CLR with (NP (NP moves) (PP toward (NP democracy)) (PP-LOC in (UCP (NP Poland) , (NP Hungary) or (ADVP elsewhere (PP in (NP Eastern Europe))))))))))))))) .)) (TOP (S (PP-LOC In (NP Moscow)) , (NP-SBJ the Soviet State Bank) (VP announced (NP (NP a (ADJP 90 %) devaluation) (PP of (NP the ruble)) (PP against (NP the dollar)) (PP for (NP private transactions))) , (PP in (NP an apparent attempt (S (NP-SBJ *) (VP to (VP curb (NP (NP a black market) (PP for (NP hard currency))))))))) .)) (TOP (S (NP-SBJ The action) (VP will (VP establish (NP a two-tier exchange rate))) .)) (TOP (S (NP-SBJ (NP Workers) (PP-LOC at (NP (NP six mines) (PP-LOC in (NP Arctic Circle coal fields))))) (VP called (NP strikes) (PP over (NP (NP a series) (PP of (NP economic and political demands))))) .)) (TOP (S (NP-SBJ The move) (VP defied (NP (NP a law) , (VP approved (NP *) (PP-LOC in (NP Moscow)) (NP-TMP this month)) , (VP banning (NP such walkouts)))) .)) (TOP (S (NP-SBJ-1 THE HOUSE) (VP FAILED (S (NP-SBJ *-1) (VP to (VP override (NP (NP (NP Bush 's) veto) (PP of (NP (NP a bill) (VP easing (NP abortion funding))))))))) .)) (TOP (S (NP-SBJ The chamber) (VP voted (ADVP (ADVP 231-191) , (ADVP (NP 51 votes) short (PP of (NP (NP the two-thirds majority) (VP needed (NP *) (S-PRP-CLR (NP-SBJ *) (VP to (VP overturn (NP (NP (NP the president 's) veto) (PP of (NP (NP legislation) (VP renewing (NP (NP support) (PP of (NP (NP Medicaid abortions) (PP for (NP (NP poor women) (SBAR (WHNP-192 who) (S (NP-SBJ *T*-192) (VP are (NP-PRD (NP victims) (PP of (NP rape and incest)))))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The roll call) (VP was (VP considered (S (NP-SBJ *-1) (NP-PRD (NP an illustration) (PP of (NP (NP the limits) (PP of (NP power)) (SBAR (WHNP-2 that) (S (NP-SBJ the resurgent abortion-rights movement) (VP faces (NP *T*-2)))))))))) .)) (TOP (S (NP-SBJ The legislation) (VP was (NP-PRD (NP part) (PP of (NP (NP a (ADJP (QP $ 156.7 billion) *U*) measure) (VP funding (NP (NP the departments) (PP of (NP Labor , Education , and Health)))))))) .)) (TOP (S (S (NP-SBJ (NP Michigan 's) Senate) (VP passed (NP (NP a bill) (VP requiring (S (NP-SBJ girls) (VP to (VP get (NP (NP parental consent) (PP for (NP an abortion)))))))))) and (S (NP-SBJ (NP Pennsylvania 's) House) (VP cleared (NP (NP a measure) (VP banning (NP (NP abortions) (PP-TMP after (NP (NP the 24th week) (PP of (NP pregnancy))))))))) .)) (TOP (S (NP-SBJ-1 The FDA) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP approve (NP-TMP today) (NP (NP a program) (VP granting (NP (NP access) (ADJP free (PP of (NP charge))) (PP to (NP the drug AZT)) (PP for (NP (NP children) (PP with (NP AIDS)))))))))))) .)) (TOP (S (NP-SBJ Adults) (VP have (VP had (NP (NP access) (PP to (NP the only approved antiviral drug))) (PP-TMP since (NP 1987)))) .)) (TOP (S (NP-SBJ Research) (VP shows (SBAR 0 (S (NP-SBJ AZT) (VP can (VP relieve (NP (NP (NP dementia) and (NP other symptoms)) (PP in (NP (NP children) , (SBAR (WHNP-1 (NP 1,859) (WHPP of (WHNP whom))) (S (NP-SBJ-2 *T*-1) (VP are (VP known (S (NP-SBJ-3 *-2) (VP to (VP have (VP been (VP infected (NP *-3)))))))))))))))))) .)) (TOP (S (NP-SBJ Congress) (VP sent (PP-DTV to (NP Bush)) (NP (NP a (ADJP (QP $ 2.85 billion) *U*) emergency package) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP assist (PP-CLR in (NP (NP the recovery) (PP (PP from (NP (NP last week 's) California earthquake)) and (PP from (NP Hurricane Hugo))))))))))) .)) (TOP (S (NP-SBJ The action) (VP came (SBAR-TMP after (S (NP-SBJ the Senate) (VP approved (NP the House-passed measure))))) .)) (TOP (S (PP-LOC In (NP the San Francisco Bay area)) , (S (NP-SBJ (QP more than 13,000) people) (VP were (ADJP-PRD homeless))) and (S (NP-SBJ landslides) (VP threatened (NP more houses))) .)) (TOP (S (NP-SBJ-1 House-Senate conferees) (VP agreed (S (NP-SBJ *-1) (VP (VP to (VP continue (NP (NP production) (PP of (NP (NP Grumman Corp. 's) F-14 jet))))) and (VP to (VP provide (NP (QP more than $ 3.8 billion) *U*) (PP-TMP during (NP the current fiscal year)) (S-PRP (NP-SBJ *) (VP to (VP develop (NP a space-based anti-missile system))))))))) .)) (TOP (S (NP-SBJ-2 The final package) (VP is (VP expected (S (NP-SBJ-1 *-2) (VP to (VP be (VP announced (NP *-1) (PP-TMP within (NP the next week)))))))) .)) (TOP (S (NP-SBJ-3 The White House) (VP has (VP decided (S (NP-SBJ *-3) (VP to (VP seek (NP (NP (NP changes) (PP-LOC in (NP pesticide law))) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP are (VP aimed (NP *-1) (PP-CLR at (S-NOM (NP-SBJ *) (VP speeding (NP (NP the removal) (PP of (NP harmful chemicals)) (PP from (NP the food supply)))))))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP The changes) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP could (VP be (VP announced (NP *-1) (ADVP-TMP (ADVP as early) (PP as (NP today)))))))) ,) (VP would (VP apply (PP-CLR to (NP (NP pesticides) and (NP (NP other substances) (VP found (NP *) (PP-LOC-CLR on (NP (ADJP fresh and processed) foods))))))))) , (NP-SBJ officials) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ (ADJP East German) leader Krenz) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP was (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP hold (NP (NP talks) (PP with (NP (NP opposition groups) (VP pressing (PP-CLR for (NP internal changes)))))))))))))) .)) (TOP (S (NP-SBJ (NP The Communist Party chief) , (VP facing (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 *T*-2) (VP is (VP viewed (NP *-1) (PP-CLR as (NP (NP (NP the nation 's) worst unrest) (PP-TMP in (NP (QP nearly 40) years))))))))) ,) (VP (VP (ADVP also) said (SBAR 0 (S (NP-SBJ he) (VP would (VP allow (S (NP-SBJ East Germans) (VP to (VP travel (ADVP-LOC-CLR abroad) (ADVP-MNR more freely))))))))) , but (VP made (S (ADJP-PRD clear) (SBAR-SBJ that (S (NP-SBJ the Berlin Wall) (VP would (VP remain))))))) .)) (TOP (S (NP-SBJ A Lebanese Christian alliance) (VP accepted (NP (NP an Arab-sponsored proposal) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP ending (NP (NP Lebanon 's) 14-year-old civil war))))))) .)) (TOP (S (NP-SBJ (NP The move) (PP by (NP (NP (NP the coalition) (PP of (NP political parties))) and (NP (NP Lebanon 's) largest Christian militia)))) (VP isolated (NP (NP military chief Aoun) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP rejected (NP (NP the plan) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP includes (NP (NP political changes) and (NP (NP a Syrian troop withdrawal) (PP from (NP Beirut)))))))))))))) .)) (TOP (S (NP-SBJ-1 Baker) (VP offered (S (NP-SBJ *-1) (VP to (VP review (NP (NP (NP Israel 's) `` suggested changes '') (PP to (NP (NP his proposal) (PP for (NP direct Israeli-Palestinian talks))))))))) .)) (TOP (S But (NP-SBJ (NP the secretary) (PP of (NP state))) (VP advised (NP Israel) (SBAR that (S (S-NOM-SBJ (NP-SBJ-1 *) (VP attempting (S (NP-SBJ *-1) (VP to (VP overhaul (NP the five-point plan)))))) (VP risked (S (NP-SBJ *) (VP delaying (NP (NP the negotiations) (VP aimed (NP *) (PP-CLR at (NP Mideast peace)))))))))) .)) (TOP (S (NP-SBJ NATO defense ministers) (VP said (SBAR 0 (S (NP-SBJ-1 the 16-nation alliance) (VP continues (S (NP-SBJ *-1) (VP to (VP need (NP a strong nuclear strategy)))) (PP despite (NP (NP political changes) (PP-LOC in (NP Eastern Europe)))))))) .)) (TOP (S (NP-SBJ (NP The ministers) , (VP concluding (NP (NP a two-day meeting) (PP-LOC in (NP southern Portugal)))) ,) (VP (VP welcomed (NP (NP Moscow 's) pledges (S (NP-SBJ *) (VP to (VP cut (NP its military forces)))))) , but (VP urged (NP-1 the Soviets) (S (NP-SBJ *-1) (VP to (VP do (NP more) (S-PRP (NP-SBJ *) (VP to (VP slash (NP short-range nuclear weapons))))))))) .)) (TOP (S (NP-SBJ The Justice Department) (VP indicated (NP (NP a possible challenge) (PP to (NP (NP a court order) (VP allowing (S (NP-SBJ former National Security Adviser Poindexter) (VP to (VP subpoena (NP (NP ex-President Reagan 's) personal papers) (PP-PRP for (NP (NP use) (PP-LOC in (NP (NP the defense case) (PP against (NP Iran-Contra charges)))))))))))))) .)) (TOP (S (NP-SBJ A department spokesman) (VP said (SBAR 0 (S (NP-SBJ the ruling) `` (VP raised (NP (NP a serious question) '' (PP about (NP (NP the office) (PP of (NP the president))))))))) .)) (TOP (S (NP-SBJ-1 Bush) (VP said (SBAR 0 (S (NP-SBJ Washington) (VP would (VP continue (NP (NP a trade embargo) (PP against (NP Nicaragua))))))) , (S-ADV (NP-SBJ *-1) (VP declaring (SBAR that (S (NP-SBJ the (ADJP Central American) country) (VP poses (NP `` (NP an (ADJP unusual and extraordinary) threat) '' (PP to (NP (NP the security) (PP of (NP the U.S))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NAC Secretary (PP of (NP State))) Baker) (VP said (SBAR 0 (S (NP-SBJ the U.S.) (VP protested (PP-CLR to (NP Moscow)) (PP-CLR over (NP (NP shipments) (PP of (NP East bloc arms)) (PP to (NP Salvadoran rebels)) (PP from (NP Managua)))))))) .)) (TOP (S (S (NP-SBJ A landslide) (VP engulfed (NP (NP a hillside slum) (PP-LOC in (NP (NP Sao Paulo) , (NP Brazil) ,))))) and (S (NP-SBJ-1 (QP at least 20) people) , (S-ADV (NP-SBJ (NP most) (PP of (NP them))) (NP-PRD children)) , (VP were (UCP-PRD (ADJP missing) and (VP feared (S (NP-SBJ *-1) (ADJP-PRD dead)))))) .)) (TOP (S (NP-SBJ-2 (NP The city 's) mayor) (VP vowed (S (NP-SBJ *-2) (VP to (VP take (NP (NP legal action) (PP against (NP (NP developers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP been (VP excavating (PP-LOC at (NP (NP the crest) (PP of (NP the hill)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Czechoslovakia 's) premier) (VP (VP said (SBAR 0 (S (NP-SBJ he) (VP supports (NP broad (ADJP political and economic) restructuring))))) , but (VP ruled (PRT out) (NP (NP any dialogue) (PP between (NP (NP (NP Prague 's) Communist government) and (NP independent (UCP human-rights or dissident) groups)))))) .)) (TOP (S (NP-SBJ (NP Ladislav Adamec) , (VP ending (NP (NP a two-day visit) (PP to (NP Austria)))) ,) (VP pledged (NP (NP changes) (PP-LOC in (NP Czechoslovakia)) , (PP including (NP (NP freer travel) (PP to (NP the West)))))) .)) (TOP (FRAG (VP Died) : (NP (NP Mary McCarthy) , (NP 77) , (NP (NP novelist) and (NP literary critic))) , (PP-LOC in (NP New York City)) , (PP-MNR of (NP cancer)) ... .)) (TOP (FRAG (NP (NP Marion Harper) , (NP 73) , (NP (NP (NP founder) and (NP ex-chief executive)) (PP of (NP (NP Interpublic Group) (PP of (NP Cos.)))))) , (PP-LOC in (NP Oklahoma City)) , (PP-MNR of (NP a heart attack)) .)) (TOP (S (NP-SBJ Adolph Coors Co.) (VP said (SBAR 0 (S (NP-SBJ-1 (NP William K. Coors) , (NP chairman) ,) (VP assumed (NP (NP the additional responsibilities) (PP of (NP president))) , (S-ADV (NP-SBJ *-1) (VP succeeding (NP Jeffrey H. Coors))))))) .)) (TOP (S (NP-SBJ (NP Jeffrey Coors) , (ADJP (NP 44 years) old) ,) (VP had (VP been (NP-PRD president) (PP-TMP since (NP (NP 1985) , (SBAR (WHADVP-1 when) (S (NP-SBJ he) (VP succeeded (NP his father Joseph) (PP in (NP the job)) (ADVP-TMP *T*-1)))))))) .)) (TOP (S But (NP-SBJ the brewer) (VP said (SBAR 0 (S (NP-SBJ-2 Jeffrey Coors) (ADVP-MNR voluntarily) (VP gave (PRT up) (NP the position) (S-PRP (NP-SBJ *-2) (VP to (VP focus (NP (NP more) (PP of (NP his energy))) (PP-CLR on (NP (NP Coors Technology Co.) , (NP (NP a small unit) (PP of (NP Coors)) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP has (VP run (NP *T*-1) (PP-TMP for (NP several years)))))))))))))))) .)) (TOP (S (NP-SBJ A Coors spokesman) (VP said (SBAR 0 (S (NP-SBJ the company) (VP does n't (VP believe (SBAR 0 (S (NP-SBJ the move) (VP will (VP (VP (ADVP further) increase (NP (NP William Coors 's) influence)) or (VP reduce (NP (NP the influence) (PP of (NP (NP (NP Jeffrey Coors) , (NP Peter Coors) or (NP Joseph Coors Jr.)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP run (NP (NP the company 's) three operating units))))))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 It) (ADVP certainly) (VP was n't (VP intended (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a demotion))))))) , '' (NP-SBJ the spokesman) (VP said (S *T*-2)) .)) (TOP (S `` (NP-SBJ (NP Pete) and (NP Jeff) and (NP Joe Jr.)) (VP (VP have (VP taken (PRT over) (NP the reins))) and (VP are (VP doing (NP (NP most) (PP of (NP the work)))))) .)) (TOP (S (NP-SBJ We) (VP do n't (VP think (SBAR 0 (S (NP-SBJ this) (VP will (VP affect (NP that))))))) . '')) (TOP (S (NP-SBJ (NP Jeffrey) , (NP Peter) and (NP Joseph Jr.)) (VP are (NP-PRD brothers)) .)) (TOP (S (NP-SBJ William Coors) (VP is (NP-PRD their uncle)) .)) (TOP (S (NP-SBJ (NP Jeffrey) , (NP Peter) , (NP Joseph Jr.) , (NP William) and (NP Joseph Sr.)) (VP constitute (NP (NP the company 's) board)) .)) (TOP (S (NP-SBJ Peter Coors) (VP runs (NP (NP the Coors Brewing Co. unit) , (NP (NP (NP the nation 's) fourth-largest brewery) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP accounted (PP-CLR for (NP (NP (QP $ 1.24 billion) *U*) (PP of (NP (NP (NP Adolph Coors 's) (QP $ 1.52 billion) *U*) (PP in (NP 1988 sales)))))))))))) .)) (TOP (S (NP-SBJ Joseph Jr.) (VP runs (NP (NP Coors Ceramics Co.) , (NP the other operating unit) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP (NP (QP about $ 150 million) *U*) (PP in (NP 1988 sales)))))))) .)) (TOP (S (NP-SBJ Dun & Bradstreet Corp.) (VP said (SBAR 0 (S (NP-SBJ business failures) (VP fell (NP-ADV 17.8 %) (PP-DIR to (NP 11,586) (PP-TMP in (NP the third quarter))) (PP-DIR from (NP 14,099) (PP-TMP in (NP the year-earlier period))))))) .)) (TOP (S (PP-TMP In (NP (NP the first nine months) (PP of (NP this year)))) , (NP-SBJ business failures) (VP dropped (NP-ADV 15.6 %) (PP-DIR to (NP 37,820)) (PP-DIR from (NP 44,796))) .)) (TOP (S (PP Except (PP for (NP (NP a few spots) , (ADVP notably) (NP Georgia , Virginia and Michigan) ,))) (NP-SBJ failures) (VP declined (PP-LOC (ADVP almost) across (NP the board)) , (PP according (PP to (NP the business information services company)))) .)) (TOP (S (NP-SBJ D&B) (VP defines (NP a business failure) (PP-CLR as (NP (NP a company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP closes (PP-MNR with (NP (NP losses) (PP to (NP creditors)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The current decline) (PP-LOC in (NP failures))) (VP continues (NP (NP a trend) (VP begun (NP *) (PP-TMP in (NP late 1987)))))) , (NP-SBJ D&B) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ The drop) (VP accelerated (PP-TMP in (NP (NP this year 's) third quarter)) , (S-ADV (NP-SBJ *) (VP underscoring (NP (NP an overall lack) (PP of (NP stress)) (PP-LOC in (NP the U.S. economy))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Failures) (PP in (NP (QP seven of nine) regional areas))) (VP fell (NP-ADV (QP more than 10) %) (PP-TMP in (NP the nine months))) .)) (TOP (S (NP-SBJ The South Atlantic States) (VP were (NP-PRD (NP the only region) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP report (NP (NP an increase) (PP-LOC in (NP bankruptcies))) , (ADVP up (NP 5.3 %) (PP-DIR to (NP 5,791)) (PP-DIR from (NP 5,502))))))))) .)) (TOP (S (NP-SBJ This) (VP occurred (PP-PRP (ADVP partly) because of (NP more competition)) (SBAR-ADV as (S (NP-SBJ (NP the number) (PP of (NP new businesses))) (VP surged)))) .)) (TOP (S (NP-SBJ (NP The only industry sector) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP report (NP (NP more business failures) (PP-TMP for (NP the nine months)))))))) (VP was (NP-PRD (NP the (UCP finance , insurance and real-estate) sector) , (SBAR (WHADVP-2 where) (S (NP-SBJ bankruptcies) (VP grew (NP-ADV 8.1 %) (PP-DIR to (NP 2,046)) (PP-DIR from (NP 1,892)) (ADVP-LOC *T*-2)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The troubled savings-and-loan industry) and (NP (NP subsequent stress) (PP-LOC in (NP real-estate businesses)))) (VP fueled (NP (NP bankruptcies) (PP-LOC in (NP this sector))))) , (NP-SBJ D&B) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ A major Tokyo newspaper) (VP reported (SBAR that (S (NP-SBJ-1 a Japanese department store concern) (VP is (VP planning (S (NP-SBJ-2 *-1) (VP to (VP offer (NP (QP about $ 1.3 billion) *U*) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP buy (NP Bloomingdale 's)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Campeau Corp.) , (NP (NP the chain 's) owner) ,) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the report)))))) .)) (TOP (S (S (NP-SBJ A spokeswoman) (VP said (SBAR 0 (S (NP-SBJ Toronto-based Campeau) (VP has (VP received `` (NP (NP expressions) (PP of (NP (NP interest) '' (PP in (NP Bloomingdale 's))))))))))) , but (S (NP-SBJ-2 she) (VP declined (S (NP-SBJ *-2) (VP to (VP comment (PP-CLR on (SBAR-NOM whether (S (NP-SBJ-1 any actual bids) (VP had (VP been (VP made (NP *-1)))))))))))) .)) (TOP (S (NP-SBJ (NP Nihon Keizai Shimbun) , (NP (NP Japan 's) leading economic newspaper) ,) (VP reported (NP-TMP Wednesday) (SBAR that (S (NP-SBJ-2 Tokyu Department Store Co.) (VP is (VP planning (S (NP-SBJ-3 *-2) (VP to (VP team (PRT up) (PP-CLR with (NP (UCP U.S. and (ADJP Western European)) financing)) (S-PRP (NP-SBJ *-3) (VP to (VP buy (NP (NP the (ADJP New York-based) retail chain) , (SBAR (WHNP-1 which) (S (NP-SBJ Campeau) (VP has (VP put (PRT up) (NP *T*-1) (PP-CLR for (NP sale)))))))))))))))))) .)) (TOP (S (NP-SBJ The service) (VP did n't (VP identify (NP its Tokyu sources))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ This) (VP is (NP-PRD (NP the first) (PP of (NP (NP many rumors) (SBAR (WHNP-1 0) (S (NP-SBJ-3 we) (VP expect (S (NP-SBJ *-3) (VP to (VP hear (NP *T*-1) (PP-TMP during (NP (NP the sale 's) process))))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ a (NP Bloomingdale 's) spokesman) .)) (TOP (S `` (NP-SBJ We) (VP wo n't (VP comment (PP-CLR on (NP them)))) . '')) (TOP (S (NP-SBJ Tokyu executives) (VP were n't (ADJP-PRD available (PP for (NP comment))) (NP-TMP early Thursday morning) (PP-LOC in (NP Tokyo))) .)) (TOP (S (NP-SBJ (NP (NP Campeau 's) chairman) , (NP Robert Campeau) ,) (VP said (PP-LOC at (NP its annual meeting)) (PP-TMP in (NP July)) (SBAR that (S (NP-SBJ he) (VP valued (NP Bloomingdale 's) (PP-LOC-CLR at (NP (QP $ 2 billion) *U*)))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-2 Among (NP (ADJP previously disclosed) possible bidders)) (VP is (PP-LOC-PRD *T*-2)) (NP-SBJ (NP (NP Bloomingdale 's) Chairman Marvin Traub) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP aligned (NP himself) (PP-CLR with (NP (NP Drexel Burnham Lambert Inc.) and (NP Blackstone Group)))))))) .)) (TOP (S (NP-SBJ (NP Investment bankers) (PP-LOC in (NP Tokyo))) (VP confirmed (SBAR that (S (NP-SBJ Tokyu Department Store) (VP is (NP-PRD (NP one) (PP of (NP several Japanese companies)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP approached (NP *-1) (PP by (NP-LGS (NP representatives) (PP of (NP (NP a management committee) (VP headed (NP *) (PP by (NP-LGS (NP Bloomingdale 's) Mr. Traub))))))))))))))))) .)) (TOP (S But (NP-SBJ they) (VP said (SBAR 0 (S (NP-SBJ-1 detailed financial figures) (VP have n't (VP been (VP passed (NP *-1) (ADVP yet) (PP-DIR to (NP any prospective buyers)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 Nobody) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP make (NP a real bid) (PP-TMP before (NP (NP the middle) (PP of (NP November)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP one investment banker) (ADJP familiar (PP with (NP (NP the discussions) (PP-LOC in (NP Japan)))))) .)) (TOP (S `` (NP-SBJ Tokyu) (VP is (NP-PRD (NP one) (PP of (NP the potential buyers)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP might (VP raise (NP its hand))))))) .)) (TOP (S But (NP-SBJ it) (VP 's (PP-PRD in (NP (ADJP very early) stages)) (ADVP still)) . '')) (TOP (S (NP-SBJ Bloomingdale 's) (VP is (NP-PRD (NP a 17-store chain) (VP acquired (NP *) (NP-TMP last year) (PP by (NP-LGS Campeau)) (PP-LOC in (NP (NP its (ADJP (QP $ 6.6 billion) *U*) acquisition) (PP of (NP Federated))))))) .)) (TOP (S (NP-SBJ Bloomingdale 's) (VP does (NP (NP an estimated (QP $ 1.2 billion) *U*) (PP-LOC in (NP annual sales)))) .)) (TOP (S (NP-SBJ (NP The sale) (PP of (NP Bloomingdale 's))) (VP is (NP-PRD (NP a condition) (PP of (NP (NP efforts (S *ICH*-2)) (PP by (NP Toronto-based Olympia & York Developments Ltd.)) (S-2 (NP-SBJ *) (VP to (VP arrange (NP (NP (QP $ 800 million) *U*) (PP in (NP bridge financing))) (PP for (NP (NP Campeau) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP disclosed (NP-TMP last month) (SBAR that (S (NP-SBJ (NP its retailing units) , (NP (NP Federated Department Stores Inc.) and (NP Allied Stores Corp.)) ,) (VP were (ADJP-PRD strapped (PP for (NP cash)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP O&Y) , (VP owned (NP *) (PP by (NP-LGS (NP Toronto 's) Reichmann family))) ,) (VP is (ADVP also) (VP supervising (NP (NP major restructuring and refinancing) (PP of (NP (NP Campeau) , (NP a Toronto-based real estate and retailing company)))))) .)) (TOP (S (NP-SBJ (NP One executive) (ADJP familiar (PP with (NP (NP the Bloomingdale 's) situation)))) (VP said , `` (S (S (NP-SBJ-1 No book) (VP has (VP been (VP issued (NP *-1) (S-ADV (NP-SBJ *) (VP regarding (NP Bloomingdale 's))))))) , (S (NP-SBJ there) (VP are (NP-PRD no projections))) , so (S (NP-SBJ I) (VP doubt (ADVP very much) (SBAR whether (S (NP-SBJ-2 any bid) (VP has (VP been (VP made (NP *-2)))))))))) . '')) (TOP (S (ADVP Separately) , (NP-SBJ-1 a Campeau shareholder) (VP filed (NP suit) , (S-ADV (NP-SBJ *-1) (VP charging (NP-2 (NP Campeau) , (NP Chairman Robert Campeau) and (NP other officers)) (PP-CLR with (S-NOM (NP-SBJ *-2) (VP violating (NP securities law))))))) .)) (TOP (S (NP-SBJ (NP The suit) , (VP filed (NP *) (PP-LOC-CLR in (NP (NP U.S. District Court) (PP-LOC in (NP Manhattan))))) ,) (VP seeks (NP class-action status)) .)) (TOP (S (NP-SBJ The suit) (VP accuses (NP-1 (NP the retailer) and (NP (NP several) (PP of (NP its officers)))) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP making (NP (NP (ADJP false and misleading) statements) (PP about (NP (NP the company 's) business affairs))))))) .)) (TOP (S (NP-SBJ The suit) (VP says (SBAR 0 (S (NP-SBJ-1 the company) (VP failed (S (NP-SBJ *-1) (VP to (VP disclose (NP (NP material adverse information) (PP about (NP its financial condition)))))))))) .)) (TOP (S (NP-SBJ-1 (NP A spokesman) (PP for (NP the company))) (VP (VP said (SBAR 0 (S (NP-SBJ Campeau) (VP has n't (VP seen (NP the suit)))))) and (VP declined (S (NP-SBJ *-1) (VP to (VP comment))))) .)) (TOP (S (S-TPC-1 (NP-SBJ McCaw Cellular Communications Inc.) (VP must (VP extend (NP (NP its offer) (PP for (NP LIN Broadcasting Corp.))) (SBAR-PRP because (S (NP-SBJ it) (VP has `` not (ADVP yet) (VP announced (NP (NP committed financing) (ADJP sufficient (S (NP-SBJ *) (VP to (VP complete '' (NP the bid))))))))))))) , (NP-SBJ LIN) (VP said (SBAR 0 (S *T*-1)) (PP-LOC in (NP New York))) .)) (TOP (S (S-TPC-2 (PP According (PP to (NP Securities and Exchange Commission rules))) , (NP-SBJ-1 McCaw) (VP is (VP required (S (NP-SBJ *-1) (VP to (VP keep (S (NP-SBJ (NP its offer) (PP for (NP the cellular-phone and broadcasting concern))) (ADJP-PRD open) (PP-TMP for (NP (QP at least five) business days)) (PP-TMP after (NP (NP the announcement) (PP of (NP the financing))))))))))) , (NP-SBJ LIN) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 (NP McCaw 's) offer) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP expire (NP-TMP-CLR tomorrow)))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ McCaw) (VP said (SBAR 0 (S (NP-SBJ it) (VP obtained (NP (NP `` firm '' financing commitments) (PP *ICH*-1)) (PP-CLR from (NP three major banks)) (PP-1 in (NP (NP regard) (PP to (NP its bid (S (NP-SBJ *) (VP to (VP control (NP LIN Broadcasting)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The banks) (ADVP-MNR jointly) (VP committed (NP (NP (NP (QP $ 1.2 billion) *U*) (PP of (NP financing))) , (ADJP subject (PP to (NP certain conditions)))))) , (NP-SBJ McCaw) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP McCaw))) (VP said (SBAR 0 (S (NP-SBJ the company) (VP was `` (VP moving (ADVP-DIR forward) (PP-CLR with (NP our financing))))))) . '')) (TOP (S (NP-SBJ He) (VP added (SBAR that `` (S (ADVP hopefully) (NP-SBJ LIN) (VP will (VP conduct (NP a fair auction)))))) . '')) (TOP (S (NP-SBJ-2 McCaw) (VP wants (S (NP-SBJ *-2) (VP to (VP (VP buy (NP (NP (QP 22 million) shares) (PP of (NP LIN))) (PP-CLR for (NP (NP (NP $ 125 *U*) (NP-ADV each)) , or (NP (QP $ 2.75 billion) *U*) ,))) (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP result (PP-CLR in (S-NOM (NP-SBJ McCaw 's) (VP owning (NP (NP 50.3 %) (PP of (NP LIN)))))))))))))) .)) (TOP (S (NP-SBJ The offer) (VP is (PP-PRD in (NP limbo)) , (ADVP however) , (SBAR-PRP because (S (NP-SBJ-1 LIN) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP merge (NP its cellular-phone businesses) (PP-CLR with (NP BellSouth Corp)))))))))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) (NP-TMP yesterday) , (NP-SBJ LIN) (VP rose (NP-ADV 50 cents) , (PP-DIR to (NP $ 109.25 *U*))) .)) (TOP (S (NP-SBJ NICHOLS INSTITUTE) (VP declared (NP (NP a 2-for-1 split) (PP of (NP its common stock)) , (ADJP payable (NP-TMP Nov. 27) (PP to (NP (NP stock) (RRC (PP of (NP record)) (NP-TMP Nov. 10))))))) .)) (TOP (S (NP-SBJ-1 The clinical testing services holding company) (VP is (VP based (NP *-1) (PP-LOC in (NP (NP San Juan Capistrano) , (NP Calif))))) .)) (TOP (S (NP-SBJ (NP StatesWest Airlines) , (NP-LOC Phoenix , Ariz. ,)) (VP said (SBAR 0 (S (NP-SBJ it) (VP sent (NP a (ADJP more detailed) merger proposal) (PP-DTV to (NP much-larger Mesa Airlines)))))) .)) (TOP (S (NP-SBJ-2 (ADJP Farmington , N.M.-based) Mesa) (VP (VP has (ADVP consistently) (VP rejected (NP (NP StatesWest 's) offers))) , and (VP (NP-TMP early this week) said (SBAR 0 (S (NP-SBJ its board) (VP would n't (VP give (NP the proposal) (NP further consideration))))) , (S-ADV (NP-SBJ *-2) (VP calling (S (NP-SBJ it) `` (ADJP-PRD vague and ill-defined) '') (SBAR-PRP because (S (NP-SBJ it) (VP did n't (VP describe (NP (NP (NP the source) (PP of (NP funds))) or (NP (NP the specific terms) (PP of (NP (NP StatesWest securities) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP were (NP-PRD (NP part) (PP of (NP the offer)))))))))))))))))) .)) (TOP (S (NP-SBJ-2 The new letter) (VP purports (S (NP-SBJ *-2) (VP to (VP do (NP this)))) , (S-ADV (NP-SBJ *-2) (VP saying (SBAR that (S (PP in (NP (NP addition) (PP to (NP (NP $ 7 *U*) (NP-ADV a share) (PP in (NP cash)))))) , (NP-SBJ StatesWest) (VP would (VP offer (NP (NP one share) (PP of (NP (NP (NP new (ADJP 6 %) convertible preferred stock) (PP of (NP StatesWest))) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP values (NP *T*-1) (PP-LOC-CLR at (NP (NP $ 3 *U*) (NP-ADV a share)))))))))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the cash portion) (PP of (NP the transaction))) (VP would (VP be (VP financed (NP *-1) (PP-MNR with (NP (NP (NP StatesWest 's) own (NX (NX cash) and (NX short-term investments))) , plus (NP (NP debt) and (NP (NP other financing) (VP arranged (NP *) (PP-MNR through (NP (NP Hibbard Brown & Co.) , (NP (NP the company 's) investment banker)))))))))))))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) (NP-TMP yesterday) , (NP-SBJ Mesa) (VP closed (PP-LOC-CLR at (NP $ 7.25 *U*) ,) (ADVP up (NP 25 cents))) .)) (TOP (S (NP-SBJ StatesWest) (VP asked (NP-1 Mesa) (S (NP-SBJ *-1) (VP to (VP repond (PP-TMP by (NP Oct. 31)))))) .)) (TOP (S (NP-SBJ Mesa President Larry Risley) (VP said (SBAR 0 (S (NP-SBJ his board) (VP (VP had (VP received (NP (NP Stateswest 's) (ADJP most recent) offer))) and (VP was (VP reviewing (NP it))))))) .)) (TOP (S (NP-SBJ-1 Spiegel Inc.) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP continuing improvement) (PP-LOC in (NP the apparel market))))) , (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP jumped (NP-ADV 65 %) (PP-DIR from (NP the soft year-earlier period)) , (PP on (NP (NP an (ADJP 11 %) increase) (PP-LOC in (NP revenue)))))))) .)) (TOP (S (NP-SBJ The catalog retailer) (VP reported (NP (NP net income) (PP of (NP (NP (QP $ 10.8 million) *U*) , or (NP (NP 21 cents) (NP-ADV a share)))) , (ADVP up (ADVP sharply) (PP from (NP (NP (QP $ 6.6 million) *U*) , or (NP (NP 13 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (PP-DIR to (NP (QP $ 372.1 million) *U*)) (PP-DIR from (NP (QP $ 336.4 million) *U*))) .)) (TOP (S (NP-SBJ Spiegel) (VP said (SBAR 0 (S (NP-SBJ margins) (VP improved (SBAR-PRP because (S (NP-SBJ (NP its inventory position) (NP-TMP *PPA*-1)) (NP-TMP-1 this year) (VP did n't (VP need (NP (NP the costly markdowns) (VP required (NP *) (S-PRP (NP-SBJ *) (VP to (VP trim (NP (NP last year 's) swollen levels)))))))))))))) .)) (TOP (S (NP-SBJ A spokeswoman) (VP said (SBAR 0 (S (NP-SBJ-1 the apparel market) (VP (VP troughed (PP-TMP in (NP (NP the first half) (PP of (NP 1988))))) , then (VP began (S (NP-SBJ *-1) (VP showing (NP improvement))) (PP-TMP in (NP (NP the second half) (PP of (NP last year))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP 've (VP seen (NP continued improvement) (PP-TMP in (NP 1989))))) , '' (NP-SBJ she) (VP said (S *T*-1)) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The year-ago quarter 's) results) (VP were (VP crimped (NP *-1) (PP by (NP-LGS (NP expenses) (VP associated (NP *) (PP-CLR with (NP (NP (NP Spiegel 's) (ADJP (QP $ 260 million) *U*) acquisition) (PP of (NP catalog-clothing-merchandiser Eddie Bauer)))))))))) , (NP-SBJ Spiegel) (VP noted (SBAR 0 (S *T*-2))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ ongoing cost-cutting efforts) (VP contributed (PP-CLR to (NP (NP the latest period 's) earnings upturn)))))) .)) (TOP (S (NP-SBJ Spiegel) (VP is (ADJP-PRD 84%-controlled (PP by (NP (NP the Otto family) (PP of (NP West Germany)))))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) , (NP-SBJ (NP the company 's) shares) (VP climbed (NP-ADV 37.5 cents) (PP-DIR to (NP $ 20.375 *U*))) .)) (TOP (S (PP-TMP For (NP the latest nine months)) , (NP-SBJ (NP Spiegel 's) net) (VP climbed (NP-ADV a solid 47 %) (PP-DIR to (NP (NP (QP $ 23.8 million) *U*) , or (NP (NP 46 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 16.2 million) *U*) , or (NP 34 cents)))) .)) (TOP (S (PP Unlike (NP (NP (NP the quarter 's) results) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP were (VP based (NP *-1) (PP-CLR on (NP (NP (ADJP roughly equal) shares) (ADJP outstanding))))))))) , (NP-SBJ nine-month per-share figures) (VP reflect (NP (NP an increase) (PP-LOC in (NP (NP average common shares) (ADJP outstanding))) (PP-DIR to (NP 51.9 million)) (PP-DIR from (NP 47 million)))) .)) (TOP (S (NP-SBJ Nine-month revenue) (VP was (NP-PRD (NP (QP $ 1.02 billion) *U*) , (ADVP up (NP 22 %) (PP-DIR from (NP (QP $ 841.5 million) *U*))))) .)) (TOP (S (NP-SBJ The bad news) (PP-LOC in (NP the junk bond market)) (NP-TMP yesterday) (VP was (SBAR-PRD that (S (NP-SBJ (NP TW Services) , (NP (NP a group) (PP of (NP restaurant chains))) ,) (VP became (NP-PRD (NP the latest prospective issuer) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP get (NP a cold shoulder) (PP-CLR from (NP bond buyers))))))))))) .)) (TOP (S (NP-SBJ The good news) (PRN -- (PP to (NP (NP fans) (PP of (NP stable credit)))) , (ADVP at least) --) (VP is (SBAR-PRD (WHNP-1 what) (S (NP-SBJ the rejection) (VP says (NP *T*-1) (PP-CLR about (NP (NP the state) (PP of (NP mind)) (PP of (NP junk buyers)))))))) .)) (TOP (S (ADVP Apparently) (NP-SBJ-1 they) (VP are (VP learning (S (NP-SBJ *-1) (VP to (VP say (INTJ-CLR no) (PP-CLR to (NP excess risk))))))) .)) (TOP (S (NP-SBJ-2 (NP Coniston Partners) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (PP with (NP related entities)) (VP controls (NP (NP 80 %) (PP of (NP TW)))))) ,) (VP had (VP been (VP planning (S (NP-SBJ-3 *-2) (VP to (VP sell (NP (NP (QP $ 1.15 billion) *U*) (PP of (NP junk bonds))) , (PP among (NP other things)) (S-PRP (NP-SBJ *-3) (VP to (VP finance (NP (NP their acquisition) (PP of (NP the remaining public shares)))))))))))) .)) (TOP (S But (NP-SBJ (NP Coniston) , (NP (NP a New York partnership) (VP managed (NP *) (PP by (NP-LGS (NP the firm) (PP of (NP Gollust , Tierney & Oliver)))))) ,) (NP-TMP yesterday) (VP announced (SBAR that (S `` (PP in (NP (NP view) (PP of (NP (NP unsettled conditions) (PP-LOC in (NP securities markets)))))) '' (NP-SBJ-1 the offering) (VP would (VP be (VP postponed and restructured (NP *-1))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ-2 *T*-1) (VP was n't (VP mentioned (NP *-2))))) (VP is (SBAR-PRD that (S (NP-SBJ (NP Coniston) and (NP (NP its investment banker) , (NP Donaldson , Lufkin & Jenrette) ,)) (ADVP just) (VP completed (NP a two-week `` road show '') (PP-PRP for (NP (NP the purpose) (PP of (S-NOM (NP-SBJ *) (VP marketing (NP the bonds)))))))))) .)) (TOP (S And (NP-SBJ investors) , (PP-TMP (ADVP at least) for (ADVP now)) , (VP took (NP a pass)) .)) (TOP (S (NP-SBJ (NP TW 's) junk bonds) (VP were n't (PRN , (SBAR-MNR as (S (NP-SBJ junk bonds) (VP go))) ,) (ADJP-PRD unusually weak)) .)) (TOP (S (NP-SBJ (NP Its fast-food restaurants) -- (PP including (NP Denny 's) , (NP Hardee 's) , (NP Quincy 's) and (NP (NP El Pollo Loco) (PRN -LRB- `` (NP (NP the only significant fast-food chain) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP specialize (PP-CLR in (NP char-broiled chicken))))))) '' -RRB-))) --) (VP are (UCP-PRD (ADJP stable) , (ADJP recession-resistant) and (VP growing))) .)) (TOP (S But (SBAR-ADV unless (S (NP-SBJ-1 they) (VP continued (S (NP-SBJ *-1) (VP to (VP grow)))))) , (NP-SBJ (NP TW) , (VP based (NP *) (PP-LOC-CLR in (NP Paramus , N.J.))) ,) (VP would (VP have (VP run (PP-CLR into (NP trouble))))) .)) (TOP (S (PP-TMP Until (ADVP recently)) , (NP-SBJ such buy-now , pray-for-growth-later deals) (VP were (ADJP-PRD routine)) .)) (TOP (SINV `` (S-2 But (NP-SBJ people) (VP do n't (VP buy (NP anything) (PP-MNR on (NP expectation)) (ADVP-TMP anymore)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Jack Utter) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP manages (NP (NP the high-yield fund) (PP of (NP IDS Financial Services))))))) .)) (TOP (S-1 `` (NP-SBJ Investors) (PRN , '' (S (NP-SBJ he) (VP adds (S *T*-1))) , ``) (VP are (VP getting (NP religion))) . '')) (TOP (S (NP-SBJ-1 The TW buy-out) (VP may (ADVP yet) (VP be (VP financed (NP *-1)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP is (NP-PRD (NP nothing) (ADJP wrong (PP with (NP the company)))))) , '' (VP says (S *T*-1)) (NP-SBJ Coniston principal Paul Tierney) .)) (TOP (S-1 (NP-SBJ The rub) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (VP is (SBAR-PRD that `` (S (NP-SBJ the junk market) (VP is n't (ADJP-PRD (ADJP as deep '') (PP as (ADVP-TMP before))))))) .)) (TOP (S (NP-SBJ-1 (NP TW 's) stockholder meeting) (VP was (VP postponed (NP *-1) (PP-CLR from (NP-TMP tomorrow)) (PP-CLR to (NP-TMP Nov. 21)))) .)) (TOP (S (PP-TMP By (ADVP then)) , (NP-SBJ-1 DLJ) (VP hopes (S (NP-SBJ-2 *-1) (VP to (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP sell (NP less-junky junk bonds))))))))) .)) (TOP (S (NP-SBJ-1 Gollust , Tierney & Oliver) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP contribute (NP (NP more) (PP than (NP (NP the (QP $ 120 million) *U*) (PP in (NP equity)) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP had (VP planned (PP-CLR on (NP *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ Banks) (VP may (VP contribute (NP more senior debt))) .)) (TOP (S And (NP-SBJ-1 (NP the total amount) (PP of (NP junk financing))) (VP will (VP be (VP reduced (NP *-1)))) .)) (TOP (S (NP-SBJ (NP A DLJ banker) , (VP putting (NP a (ADJP best possible) face) (PP-PUT on (NP it))) ,) (VP asserts (SBAR that `` (S (NP-SBJ (ADJP very few) people) (VP said (SBAR 0 (S (NP-SBJ they) (VP did n't (VP like (NP the credit quality))))))))) .)) (TOP (S (NP-SBJ People) (VP said (SBAR 0 (S (NP-SBJ they) (VP did n't (VP think (SBAR 0 (S (NP-SBJ a billion-dollar deal) (VP would (VP trade))))))))) . '')) (TOP (S But (NP-SBJ trading risk) (VP stems (PP-CLR from (NP credit risk))) .)) (TOP (S And (PP-MNR by (S-NOM (NP-SBJ *-1) (VP adding (NP equity)))) , (NP-SBJ-1 DLJ) (VP would (VP seem (S (NP-SBJ *-1) (VP to (VP be (VP acknowledging (SBAR that (S (NP-SBJ credit risk) (VP was (NP-PRD a concern)))))))))) .)) (TOP (S-1 (ADVP Indeed) (PRN , (S (NP-SBJ the DLJ banker) (VP says (SBAR 0 (S *T*-1)))) ,) (PP-LOC in (NP the reborn capital structure)) (NP-SBJ (NP cash coverage) (PP of (NP interest))) `` (VP will (ADVP meaningfully) (VP improve)) . '')) (TOP (S (SBAR-ADV As (S (NP-SBJ he) (VP sums (NP it) (PRT up)))) : `` (NP-SBJ We) (VP are (VP listening (PP-CLR to (NP the market)))) . '')) (TOP (SBARQ (WHNP-1 What) (SQ (VP is (NP-PRD *T*-1)) (NP-SBJ (NP it) (SBAR *EXP*-3)) (PRN , (S-ADV (NP-SBJ *) (VP to (VP borrow (NP a term) (PP-CLR from (NP Coniston))))) ,) (SBAR-3 (WHNP-2 that) (S (NP-SBJ *T*-2) (ADVP so) (VP unsettled (NP the market))))) ?)) (TOP (NP (NP Some) (PP of (NP (NP the same risks) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP were (VP (VP cited (NP *-2)) -- and (VP (ADVP seemingly) ignored (NP *-2)) -- (PP-LOC in (NP (NP dozens) (PP of (NP previous junk offerings)))))))))) .)) (TOP (S (NP-SBJ The TW prospectus) (VP says (SBAR that (S (SBAR-ADV if (S (NP-SBJ-1 the acquisition) (VP had (VP been (VP completed (NP *-1) (ADVP-TMP earlier)))))) , (NP-SBJ pretax earnings) `` (VP would (VP have (VP been (ADJP-PRD insufficient (S (NP-SBJ *) (VP to (VP cover (NP (NP its fixed charges) , (PP including (NP (NP interest) (PP on (NP debt securities)))) ,)))) '' (PP by (NP (QP approximately $ 62.7 million) *U*))) (PP-TMP in (NP (NP the first six months) (PP of (NP 1989)))))))))) .)) (TOP (S (NP-SBJ TW) (VP notes (PRN , (SBAR-ADV as (S (NP-SBJ many junk issuers) (VP do))) ,) (SBAR that (S `` (S-ADV (NP-SBJ-1 *) (VP adjusted (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP eliminate (NP non-cash charges)))))) '' (NP-SBJ TW) (VP would (VP have (VP run (NP (NP a cash surplus) (PRN -- (PP in (NP this case)) , (PP of (NP (NP (QP $ 56 million) *U*) (PP-TMP over (NP six months)))))))))))) .)) (TOP (S But (NP-SBJ such calculations) (VP ignore (NP (NP the noncash charge) (PP of (NP (NP depreciation) , (VP taken (NP *) (S-PRP (NP-SBJ *) (VP to (VP allow (PP-CLR for (NP (NP (NP the gradual wearing out) (PP of (NP french friers))) , (NP (NP deterioration) (PP of (NP stores))) and (NP the like))))))))))) .)) (TOP (S-1 (PP In (NP fact)) (PRN , (S (NP-SBJ DLJ) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the company) (VP envisions (NP (NP capital expenses) (PP of (NP (NP (QP about $ 180 million) *U*) (NP-ADV a year))))) .)) (TOP (S (NP-SBJ (NP TW 's) pitch) (VP was (SBAR-PRD (SBAR that (S (NP-SBJ (NP sales and earnings) (PP-LOC at (NP its restaurants))) (VP have (VP risen (ADVP-MNR steadily))))) and (SBAR that (S (NP-SBJ-1 people) (VP wo n't (VP stop (S (NP-SBJ *-1) (VP eating)) (PP-TMP during (NP a downturn)))))))) .)) (TOP (S But (NP-SBJ they) (VP wo n't (ADVP necessarily) (VP eat (PP-LOC at (NP Denny 's)))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The fast-food business) (VP is `` (ADJP-PRD intensely competitive))) , '' (VP notes (SBAR 0 (S *T*-1))) (NP-SBJ Wertheim Schroder analyst John Rohs) .)) (TOP (S (NP-SBJ Prospective bond buyers) (VP noted (SBAR that (S (NP-SBJ TW) (ADVP historically) (VP has (VP prospered (SBAR-PRP because (S (NP-SBJ-1 it) (VP has (VP been (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP spend (ADVP-MNR aggressively) (PP-CLR on (S-NOM (NP-SBJ *) (VP (VP remodeling (NP restaurants)) and (VP redoing (NP menus)))))))))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ We) (VP were (ADJP-PRD concerned (SBAR that (S (NP-SBJ-1 they) (VP were n't (VP going (S (NP-SBJ *-1) (VP to (VP generate (NP (NP enough cash) (UCP (PP for (NP capital spending)) and also (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP pay (PRT down) (NP debt) (ADVP *T*-2))))))))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP a big investor) (PP-LOC in (NP high-yield debt))) .)) (TOP (S (NP-SBJ DLJ) (VP argues (SBAR that (S (NP-SBJ TW) (VP could (PRN , (SBAR-ADV if (FRAG (ADJP necessary))) ,) (VP cut (NP capital spending) , (SBAR-PRP since (S (NP-SBJ (NP half) (PP of (SBAR (WHNP-1 what) (S (NP-SBJ-2 it) (VP plans (S (NP-SBJ *-2) (VP to (VP spend (NP *T*-1))))))))) (VP is (PP-PRD for (NP `` (NP growth) , '' (PP rather than (NP maintenance)))))))))))) .)) (TOP (S But (NP-SBJ investors) (VP noted (SBAR that (S (PP-LOC under (NP the shelved offering)) , (NP-SBJ-1 TW) (VP would (VP have (VP needed (S (NP-SBJ *-1) (VP to (VP grow))) (S-PRP (NP-SBJ *-1) (VP to (VP meet (NP its debt payments)))))))))) .)) (TOP (S (NP-SBJ (NP Its calculations) (PP for (S-NOM (NP-SBJ *) (VP meeting (NP cash charges))))) (VP ignore (NP (NP (QP $ 52 million) *U*) (NP-ADV a year) (PP in (NP (NP interest) (PP on (NP (NP (ADJP cash-deferred , or zero-coupon) debentures) -- (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (ADVP-TMP ultimately) (VP would (VP have (VP had (S (NP-SBJ-1 *-3) (VP to (VP be (VP paid (NP *-1)))))))))))))))) .)) (TOP (S (NP-SBJ The prospectus) (VP notes (SBAR 0 (S `` (NP-SBJ there) (VP can (VP be (NP-PRD no assurance '' (SBAR that (S (NP-SBJ future growth) (VP will (VP continue (PP-LOC at (NP past levels)))))))))))) .)) (TOP (S (PP-TMP In (NP the recent past)) , (NP-SBJ bond buyers) (VP did n't (VP seek (NP such assurance))) .)) (TOP (S (ADVP-TMP Now) , (ADVP apparently) , (NP-SBJ they) (VP do) .)) (TOP (NP TW Services)) (TOP (FRAG -LRB- (NP NYSE) ; (NP (NP Symbol) : (NP TW)) -RRB-)) (TOP (NP (NP Business) : (NP Restaurants))) (TOP (NP (NP Year) (VP ended (NP *) (NP-TMP-CLR Dec. 31 , 1988)) (X *))) (TOP (NP (NP Revenue) : (NP (QP $ 3.57 billion) *U*))) (TOP (NP (NP Net Income) : (NP (NP (QP $ 66.9 million) *U*) ; (NP (NP $ 1.36 *U*) (NP-ADV a share))) (X **))) (TOP (FRAG (NP-TMP (NP Third quarter) , (NP Sept. 30 , 1989)) : (NP -LRB- (NP (NP Net Loss) : (NP (NP 7 cents) (NP-ADV share))) -RRB- vs. (NP (NP net income) : (NP (NP 51 cents) (NP-ADV a share)))))) (TOP (NP (NP Average daily trading volume) : (NP 179,032 shares))) (TOP (NP (NP (NP Common shares) (ADJP outstanding)) : (NP 49 million))) (TOP (FRAG (X *) (VP Includes (NP (NP results) (PP of (NP (NP (NP Denny 's) Inc.) , (VP acquired (NP *) (PP-TMP in (NP September))))))))) (TOP (FRAG (X **) (VP Includes (NP (NP (ADJP (QP $ 9 million) *U*) write-down) (PP of (NP (NP assets) and (NP takeover defense costs))))) .)) (TOP (S (S (NP-SBJ Maggie Thatcher) (VP must (VP be (VP doing (NP something) (ADVP right))))) ; (S (NP-SBJ her political enemies) (VP are (VP screaming (ADVP-MNR (ADVP louder) (PP than (ADVP ever)))))) .)) (TOP (S (NP-SBJ (NP Mrs. Thatcher) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (VP practicing (NP (NP the read-my-lips school) (PP of (NP politics))) (SBAR-TMP (NP-ADV years) before (S (NP-SBJ Mr. Bush) (VP encountered (NP it)))))))) ,) (VP has (VP made (S (ADJP-PRD clear) (NP-SBJ (NP her opposition) (PP to (S-NOM (NP-SBJ *) (VP refashioning (NP (NP Britain 's) free-market policies) (S-PRP (NP-SBJ *) (VP to (VP suit (NP (NP the bureaucrats) (PP-LOC in (NP Brussels))))))))))))) .)) (TOP (S (PP In (NP return)) , (NP-SBJ-1 Mrs. Thatcher) (VP is (VP excoriated (NP *-1) (PP-LOC (PP from (NP Fleet Street)) (PP to (NP Paris))) (PP-CLR as (NP an obstructionist)))) .)) (TOP (S (INTJ Well) , (NP-SBJ it) (ADVP-TMP now) (VP turns (PRT out) (SBAR that (S (NP-SBJ-1 Mrs. Thatcher) (VP had (S (NP-SBJ *-1) (VP to (VP travel (PP-DIR across (NP the globe)) (PP-DIR to (NP (NP the 49-member Commonwealth summit) (PP-LOC in (NP Kuala Lumpur)))) (S-PRP (NP-SBJ *-1) (VP to (VP discomfit (NP (NP the Holy Order) (PP of (NP Consensus Builders))))))))))))) .)) (TOP (SINV `` (NP-TPC-1 (NP A disastrous farce) (PP-LOC in (NP Malaysia))) , '' (VP screamed (NP *-1)) (NP-SBJ the Manchester Guardian) .)) (TOP (S `` (NP-SBJ-1 She) (VP can (ADVP-TMP no longer) (VP be (VP trusted (S (NP-SBJ *-1) (VP to (VP behave (PP-MNR in (NP a (ADJP (ADJP civilised) (PRN -- (S-ADV (NP-SBJ that) (VP is)) (ADJP unflaky) --)) fashion)) (SBAR-TMP (WHADVP when) (FRAG (ADVP-LOC abroad))))))))) . '')) (TOP (INTJ Egad .)) (TOP (S-1 (NP-SBJ (NP (NP Canada 's) Brian Mulroney) and (NP (NP Australia 's) Bob Hawke)) (PRN , (S (NP-SBJ the paper) (VP said (SBAR 0 (S *T*-1)))) ,) (VP were `` (ADJP-PRD enraged)) . '')) (TOP (S (NP-SBJ The London Times) (VP said (SBAR 0 (S (NP-SBJ she) (VP had `` (VP contravened (NP protocol)))))) . '')) (TOP (S (PP As (ADJP usual)) , (NP-SBJ her sin) (VP was (VP saying (SBAR-NOM (WHNP-1 what) (S (NP-SBJ she) (VP thought (NP *T*-1)))))) .)) (TOP (S (NP-SBJ-1 She) (VP issued (NP a separate statement) , (S-ADV (NP-SBJ *-1) (VP separating (NP herself) (PP-CLR from (NP (NP a Commonwealth document) (VP reasserting (NP (NP the political value) (PP of (S-NOM (NP-SBJ *) (VP imposing (NP (NP sanctions) (PP against (NP South Africa))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ *-1) (VP supporting (NP the Commonwealth) `` (PP-CLR in (S-NOM (NP-SBJ *) (ADVP utterly) (VP condemning (NP apartheid))))))) , '' (NP-SBJ-1 her statement) (VP urged (NP-2 it) (S (NP-SBJ *-2) (VP to `` (VP (VP encourage (NP change)) '' (CONJP rather than) (VP inflict (NP further punishment) (PP-CLR on (NP (NP the country 's) black population))))))) .)) (TOP (S (S (ADVP Actually) (NP-SBJ there) (VP is (NP-PRD (NP a consensus) (ADVP-LOC somewhere) (PP on (NP sanctions))))) : (S (PP-TMP In (NP May)) (NP-SBJ a Gallup Poll) (VP found (SBAR that (S (NP-SBJ (NP most (ADJP South African) blacks) , (NP 85 %) ,) (VP oppose (NP economic sanctions)))))) .)) (TOP (S (ADVP Still) , (NP-SBJ Mrs. Thatcher) (VP had (ADVP once again) (VP gone (PP-CLR against (NP the grain)))) .)) (TOP (S (NP-SBJ (NP Malaysia 's) Prime Minister Mahathir Mohamad) (VP sniffed , `` (S (SBAR-ADV If (S (S (NP-SBJ everybody else) (VP puts (PRT out) (NP their left foot))) and (S (NP-SBJ you) (VP put (PRT out) (NP your right foot))))) , (NP-SBJ you) (VP are (PP-PRD out (PP of (NP step)))))) . '')) (TOP (FRAG (NP-SBJ Mrs. Thatcher) : `` (S (SBAR-ADV If (S (NP-SBJ it) (VP 's (NP-PRD (NP one) (PP against (NP 48)))))) , (NP-SBJ I) (VP 'm (ADJP-PRD very sorry (PP for (NP the 48))))) . '')) (TOP (S (SBAR-ADV If (S (ADVP indeed) (NP-SBJ Mrs. Thatcher) (VP has (NP (NP one opponent) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP throw (NP her) (PP-DIR off (NP political course)))))))))) (NP-SBJ it) (VP is (NP-PRD (NP Britain 's) (ADJP mysteriously intractable) inflation problem)) .)) (TOP (S (NP-SBJ We) (VP can not , (ADVP however) , (VP join (NP (NP the political chorus) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (PP-MNR as (NP one)) (VP proclaims (SBAR (WHADJP-3 how offputting) (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD *T*-3) (SBAR-1 that (S (NP-SBJ-4 Mrs. Thatcher) (VP refuses (S (NP-SBJ-5 *-4) (VP to (VP get (PRT along) (PP-MNR by (S-NOM (NP-SBJ *-5) (VP going (PRT along))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-2)) (VP is (ADJP-PRD refreshing) (S-2 (NP-SBJ *) (VP to (VP see (NP (NP (QP at least one) world figure) (SBAR (WHNP-3 who) (S (NP-SBJ-4 *T*-3) (VP (VP knows (SBAR (WHNP-1 what) (S (NP-SBJ she) (VP believes (PP-CLR in (NP *T*-1)))))) and (VP is not (ADJP-PRD inclined (S (NP-SBJ *-4) (VP to (ADVP-MNR reflexively) (VP compromise (NP those beliefs)))))))))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ Mrs. Thatcher) (VP understands (ADVP-MNR (ADVP better) (PP than (NP (NP those) (ADJP distressed (PP at (NP her style)))))) (SBAR that (S (ADVP ultimately) (NP-SBJ (NP history) and (NP (NP Britain 's) voters)) (VP will (VP decide (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD right (PP about (NP (NP Europe) , (S-NOM (NP-SBJ *) (VP sanctioning (NP South Africa))) or (S-NOM (NP-SBJ *) (VP running (NP (NP Britain 's) economy)))))))))))))) .)) (TOP (S-HLN (NP-SBJ *) (VP Follow (PP-MNR With (NP Care))))) (TOP (S (S `` (S-SBJ (S (NP-SBJ *) (VP Work (ADVP-MNR hard))) , (S (NP-SBJ *) (VP play (ADVP-MNR hard)))) '' (VP is (NP-PRD (NP advice) (VP (ADVP Best) taken (NP *) (PP-MNR with (NP some caution)))))) , For (S (NP-SBJ it) (VP can (VP bring (NP (NP fitness and success) Or (NP (NP a state) (PP of (NP total exhaustion))))))) .)) (TOP (NP -- Edward F. Dempsey .)) (TOP (NP-HLN Double Check)) (TOP (S (S (NP-SBJ The guest) (VP paid (NP his bill) (PP-LOC at (NP the resort hotel)))) , and (S (SBAR-TMP as (S (NP-SBJ he) (VP departed))) (NP-SBJ he) (VP noticed (NP (NP a sign) (VP saying , `` (SQ Have (NP-SBJ You) (VP Left (NP Anything)) ?) '')))))) (TOP (S (S (NP-SBJ The man) (VP (VP went (ADVP-DIR back)) and (VP spoke (PP-CLR to (NP the desk clerk))))) : (S `` (S-TPC-1 (NP-SBJ That sign) (VP is (ADJP-PRD wrong))) , '' (NP-SBJ he) (VP said (S *T*-1))) .)) (TOP (S `` (NP-SBJ It) (VP should (VP read , `` (SQ Have (NP-SBJ You) (NP (NP Anything) (ADJP Left))))) ? '')) (TOP (NP -- Sam Ewing .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ-1 *-2) (VP being (VP trampled (NP *-1) (PP-LOC in (NP (NP Tuesday 's) selling stampede)))))) , (NP-SBJ-2 the Nasdaq over-the-counter market) (VP (VP dusted (NP itself) (PRT off)) and (VP moved (ADVP-DIR on) (PP-LOC in (NP moderate trading)))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ the Composite) (VP gained (NP 1.19) , (PP-DIR to (NP 462.89))))) , (NP-SBJ many issues) (VP did n't (VP participate (PP-CLR in (NP the advance)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP was (NP-PRD a mixed bag))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Richard Bruno) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP heads (NP (NP over-the-counter trading) (PP-LOC at (NP PaineWebber))))))) .)) (TOP (S `` (NP-SBJ We) (VP (VP played (NP catch-up) (PP-LOC in (NP some areas))) , and (VP sold (PRT off) (PP-LOC in (NP some others)))) . '')) (TOP (S (NP-SBJ Volume) (VP totaled (NP (NP (QP 132.1 million) shares) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP about average) (PP for (NP the year)))))))) .)) (TOP (S (PP Of (NP (NP the 4,348 issues) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP changed (NP hands)))))) , (S (NP-SBJ 1,074) (VP advanced)) and (S (NP-SBJ 866) (VP declined)) .)) (TOP (S (NP-SBJ Big financial stocks) (VP carried (NP the day)) .)) (TOP (S (NP-SBJ The Nasdaq Financial Index) (VP rose (NP-ADV 2.09) , (PP-DIR to (NP 454.86))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 (NP the Nasdaq 100 Index) (PP of (NP the big non-financial stocks))) (ADVP basically) (VP stood (ADVP-CLR still) , (S-ADV (NP-SBJ *-1) (VP easing (NP-ADV 0.12) , (PP-DIR to (NP 452.23))))) .)) (TOP (S (PP Despite (NP (NP the Composite 's) advance)) , (NP-SBJ some trading officials) (VP are (ADJP-PRD guardedly optimistic (SBAR that (S (NP-SBJ the market) (VP is (PP-PRD-LOC on (NP (NP the road) (PP to (NP recovery))))))))) .)) (TOP (S (NP-SBJ (NP Lance Zipper) , (NP (NP head) (PP of (NP (NP over-the-counter trading) (PP-LOC at (NP Kidder Peabody))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP is (ADJP-PRD difficult) (S-1 (NP-SBJ *) (VP to (VP make (NP predictions) (PP based (PP on (NP (NP yesterday 's) trading volume)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The advance) (VP felt (PP (ADVP more) like (NP a technical bounce)))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ The market) (VP acted (ADVP-MNR-CLR better))) , but (S (NP-SBJ it) (VP was n't (NP-PRD a tremendous comeback)))) , '' (NP-SBJ Mr. Zipper) (VP observed (S *T*-1)) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ we) (VP get (NP a decent rally) -LCB- (NP-TMP today) -RCB-))) , (ADVP maybe) (NP-SBJ the buyers) (VP will (VP come (ADVP-DIR back))) . '')) (TOP (S (SBAR-ADV If (S (NP-SBJ E.E. `` Buzzy '' Geduld) (VP is (ADJP-PRD right)))) , (NP-SBJ a seatbelt) (VP may (VP come (PP-CLR in (ADJP handy)) (PP-TMP during (NP the next few sessions)))) .)) (TOP (S (NP-SBJ (NP (NP The president) (PP of (NP Herzog , Heine))) , (NP Mr. Geduld)) (VP expects (S (NP-SBJ the market) (VP to (VP be `` (ADJP-PRD very choppy) '' (PP-TMP for (NP a while)))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ There) (VP 's (NP-PRD (NP a lot) (PP of (NP uncertainty))) (ADVP-LOC out there))) , and (S (NP-SBJ it) (VP will (VP cause (NP (NP a lot) (PP of (NP swings))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (PP-LOC Among (NP active stocks)) , (S (NP-SBJ MCI Communications) (VP rose (NP-ADV 7) (PP-DIR to (NP 43)) (PP on (NP 2.2 million shares)))) , (S (NP-SBJ Mentor Graphics) (VP added (NP 1) (PP-DIR to (NP 16 3)) (PP on (NP (NP turnover) (PP of (NP (QP 1.5 million) shares)))))) .)) (TOP (S (NP-SBJ Apple Computer) (VP dropped (NP-ADV 1 1) (PP-DIR to (NP 46 1)) (PP on (NP (QP one million) shares))) .)) (TOP (S (S (NP-SBJ (NP (QP Almost one million) shares) (PP of (NP Sun Microsystems))) (VP changed (NP hands))) , but (S (NP-SBJ the issue) (VP was (ADJP-PRD unchanged) (PP-LOC at (NP 17 3)))) .)) (TOP (S (NP-SBJ Biotechnology issues) (VP were (ADJP-PRD strong)) .)) (TOP (S (S (NP-SBJ Amgen) (VP advanced (NP-ADV 1 1) (PP-DIR to (NP 56)))) ; (S (NP-SBJ Chiron) (VP jumped (NP-ADV 2) (PP-DIR to (NP 29 3)))) ; (S (NP-SBJ Cetus) (VP gained (NP 1) (PP-DIR to (NP 16 7)))) and (S (NP-SBJ Biogen) (VP rose (NP-ADV 5) (PP-DIR to (NP 14 5)))) .)) (TOP (S (NP-SBJ (NP The American depositary receipts) (PP of (NP Jaguar))) (VP jumped (NP-ADV 3) (PP-DIR to (NP 11 5)) (PP on (NP (NP turnover) (PP of (NP 1.9 million))))) .)) (TOP (S (NP-SBJ Ford Motor) (VP said (SBAR 0 (S (NP-SBJ it) (VP raised (NP (NP its stake) (PP in (NP the British car maker))) (PP-CLR to (NP (NP 12.45 %) (PP of (NP (NP the ordinary shares) (ADJP outstanding))))))))) .)) (TOP (S (PP-LOC In (NP a Securities and Exchange Commission filing)) , (NP-SBJ Ford) (VP said (SBAR 0 (S (NP-SBJ it) (VP holds (NP (QP 22.8 million) ordinary shares))))) .)) (TOP (S (NP-SBJ The company) (VP has (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP is (ADJP-PRD prepared (S (NP-SBJ *-2) (VP to (VP make (NP (NP a bid) (PP for (NP (NP all) (PP of (NP (NP the shares) (ADJP outstanding) (PP of (NP Jaguar))))))) (SBAR-ADV if (S (NP-SBJ-1 (NP British government restrictions) (PP to (NP such a transaction))) (VP are (VP removed (NP *-1)))))))))))))) .)) (TOP (S (NP-SBJ (NP Another takeover target) , (NP LIN Broadcasting) ,) (VP rose (NP-ADV 1) (PP-DIR to (NP 109 1)) (PP on (NP 495,000 shares))) .)) (TOP (S (NP-SBJ (NP Its suitor) , (NP McCaw Cellular) ,) (ADVP also) (VP added (NP 1) (PP-DIR to (NP 40 1)) (PP on (NP 395,700 shares))) .)) (TOP (S (NP-SBJ-1 Other stocks) (VP were (VP affected (NP *-1) (PP by (NP-LGS corporate earnings)))) .)) (TOP (S (NP-SBJ (NP Informix) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP recently) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP rose (PP-DIR to (NP (NP 16 cents) (NP-ADV a share))) (PP-DIR from (NP (NP a penny) (NP-ADV a share)) (ADVP-TMP (NP a year) ago)))))))) ,) (VP gained (NP 1 5) (PP-DIR to (NP 13 5)) (PP on (NP 810,700 shares))) .)) (TOP (S (NP-SBJ The 1988 results) (VP included (NP a one-time gain)) .)) (TOP (S (NP-SBJ Cimflex Teknowledge) (VP rose (NP-ADV (NP 13) , or (NP 39 %) ,) (PP-DIR to (NP 2 7)) (PP on (NP (NP volume) (PP of (NP 494,100 shares))))) .)) (TOP (S (NP-SBJ (NP The maker) (PP of (NP software products and services)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP a net loss) (PP-TMP in (NP the 1988 third quarter))))) ,) (VP earned (NP (NP 200,000) , or (NP (NP a penny) (NP-ADV a share)) ,) (PP-TMP in (NP (NP this year 's) quarter))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP Nasdaq 's) biggest percentage gainer)) .)) (TOP (S (NP-SBJ Star States) (VP plunged (NP-ADV 3 1) (PP-DIR to (NP 8 3)) (PP on (NP 207,000 shares))) .)) (TOP (S (NP-SBJ The company) (VP suffered (NP a (ADJP (QP $ 9 million) *U*) loss) (PP-TMP in (NP the third quarter)) , (PP compared (PP with (NP (NP net) (PP of (NP (QP $ 2.5 million) *U*))) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ Collagen) (VP dropped (NP-ADV 2 5) (PP-DIR to (NP 15 5)) (PP on (NP 428,000 shares))) .)) (TOP (S (PP-TMP In (NP (NP its fiscal-first quarter) (VP ended (NP *) (NP-TMP-CLR Sept. 30)))) , (NP-SBJ the biomedical-products maker) (VP earned (NP (NP 10 cents) (NP-ADV a share)) , (ADVP up (PP from (NP (NP eight cents) (NP-ADV a share)) (PP in (NP (NP the 1988 quarter) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP included (NP an extraordinary credit))))))))) .)) (TOP (S (NP-SBJ Occupational-Urgent Care Health) (VP fell (NP-ADV 1 3) (PP-DIR to (NP 15 1)) (PP on (NP 354,000 shares))) .)) (TOP (S (NP-SBJ (NP The company 's) third-quarter earnings) (ADVP also) (VP rose (PP-DIR to (NP (NP 10 cents) (NP-ADV a share))) (PP-DIR from (NP (NP eight cents) (NP-ADV a share)) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ (NP Companies) (VP listed (NP *) (ADVP-LOC below))) (VP reported (NP (NP quarterly profit) (ADJP substantially different (PP from (NP (NP the average) (PP of (NP (NP analysts ') estimates))))))) .)) (TOP (S (NP-SBJ-1 The companies) (VP (VP are (VP followed (NP *-1) (PP by (NP-LGS (QP at least three) analysts)))) , and (VP had (NP (NP a minimum five-cent change) (PP-LOC in (NP (NP actual earnings) (PP per (NP share))))))) .)) (TOP (S (NP-SBJ-1 (NP (ADJP Estimated and actual) results) (VP involving (NP losses))) (VP are (VP omitted (NP *-1))) .)) (TOP (S (NP-SBJ The percent difference) (VP compares (NP actual profit) (PP-CLR with (NP the 30-day estimate)) (SBAR-ADV (WHADVP-1 where) (S (NP-SBJ (QP at least three) analysts) (VP have (VP issues (NP forecasts) (ADVP-LOC *T*-1) (PP-TMP in (NP the past 30 days))))))) .)) (TOP (S (ADVP Otherwise) , (NP-SBJ-1 actual profit) (VP is (VP compared (NP *-1) (PP-CLR with (NP the 300-day estimate)))) .)) (TOP (S (NP-TMP (NP One day) (NP last March)) , (NP-SBJ (NP CBS Sports President Neal Pilson) and (NP Olympics superagent Barry Frank)) (VP met (PP-CLR for (NP lunch)) (PP-LOC at (NP the Lotos Club)) (ADVP-LOC here)) .)) (TOP (S (NP-SBJ Mr. Frank) (VP told (NP Mr. Pilson) (SBAR that (S (NP-SBJ Olympics officials) (VP wanted (NP (QP $ 290 million or more) *U*) (PP-CLR for (NP (NP TV rights) (PP to (NP (NP the 1994 Winter Games) (PP-LOC in (NP Norway)))))))))) .)) (TOP (S (NP-SBJ The CBS official) (VP said (SBAR 0 (S (NP-SBJ that price) (VP sounded (ADJP-PRD fine))))) .)) (TOP (S (PP-LOC At (NP that price)) , (NP-SBJ CBS) (VP was (NP-PRD (NP the only player) (PP-LOC at (NP the table))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP negotiations) (PP with (NP the International Olympic Committee))) (VP started (PP-LOC in (NP Toronto)) (NP-TMP Aug. 23) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ-1 (NP Dick Pound) , (NP a committee member) ,) (VP began (PP-MNR by (S-NOM (NP-SBJ *-1) (VP disclosing (SBAR that (S (NP-SBJ-2 ABC and NBC) (VP had (VP refused (S (NP-SBJ *-2) (VP to (ADVP even) (VP bid))))))))))) .)) (TOP (S (S (ADVP Then) , (NP-SBJ he) (VP asked (NP-2 Mr. Pilson) (S (NP-SBJ *-2) (VP to (VP raise (NP his offer) (ADVP anyway)))))) : `` (S (SBAR-ADV If (S (NP-SBJ we) (VP can (VP have (NP (NP a number) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP starts (PP-CLR with (NP a three)))))))))) , (NP-SBJ you) (VP can (VP have (NP a dea)))) . '')) (TOP (S (NP-SBJ-1 (NP Mr. Pilson) and (NP his team)) (VP (VP huddled (PP-LOC in (NP a hallway))) and (VP took (NP just 10 minutes) (S-CLR (NP-SBJ *-1) (VP to (VP return (PP-CLR with (NP a (ADJP (QP $ 300 million) *U*) offer))))))) .)) (TOP (S (NP-SBJ Mr. Pound) (VP responded , `` (S (NP-SBJ It) (VP 's (NP-PRD a deal)))) . '')) (TOP (S (NP-SBJ A beaming Mr. Pilson) (VP announced (NP his lastest coup) (PP-LOC at (NP a news conference)) (NP-TMP that afternoon)) .)) (TOP (S (NP-SBJ (NP (NP Mr. Pilson 's) rivals) (PP-LOC at (NP (NP ABC) and (NP NBC)))) (VP grimaced (PP-CLR at (NP the price))) .)) (TOP (SBARQ (WHADVP-1 How) (SQ could (NP-SBJ-2 CBS) (VP get (VP pushed (PP-CLR into (S-NOM (NP-SBJ *-2) (VP outbidding (NP itself)))) (ADVP-MNR *T*-1)))) ?)) (TOP (S (INTJ Well) , (NP-SBJ-1 CBS) , (S-ADV (NP-SBJ *-1) (VP (VP mired (PP-CLR in (NP the ratings cellar))) and (VP looking (PP-CLR to (NP sports)) (PP-CLR as (NP a way out))))) , (VP wanted (S (NP-SBJ *-1) (VP to (VP (VP close (NP the deal) (ADVP-TMP immediately)) and (VP block (NP-2 its rivals) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP getting (NP another chance (S (NP-SBJ *) (VP to (VP bid)))))))))))) .)) (TOP (S But (NP-SBJ-1 Mr. Pilson) (VP has (VP been (VP put (NP *-1) (PP-PUT in (NP (NP the uncomfortable role) (PP of (S-NOM (NP-SBJ *) (VP setting (PRT off) (NP (NP (NP a bidding frenzy) (PP for (NP sports rights))) , (NP (NP a frenzy) (SBAR (WHNP-3 that) (S (NP-SBJ-2 the networks) (VP had (VP hoped (S (NP-SBJ *-2) (VP to (VP avoid (NP *T*-3)))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The price) (PP of (NP poker))) (VP has (VP gone (ADVP-DIR up)))) , '' (VP crows (S *T*-1)) (NP-SBJ (NP Charles M. Neinas) , (NP (NP the College Football Association 's) executive director)) .)) (TOP (S (PP With (S-NOM (NP-SBJ CBS Inc.) (PP-PRD on (NP (NP a spending spree) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP may (VP top (NP (NP (QP $ 2.5 billion) *U*) (PP for (NP (NP four years) (PP of (NP major sports events))))))))))))) , (NP-SBJ (NP the new bout) (PP of (NP hyperinflation))) (VP could (VP jolt (NP the entire broadcast business))) .)) (TOP (S (NP-SBJ (NP CBS) (NP itself)) (VP could (VP run (PRT up) (NP (NP losses) (PP of (NP (QP a few hundred million) dollars)) (PP on (NP (NP four years) (PP of (NP various sports))))) (SBAR-ADV if (S (NP-SBJ its big gamble) (VP goes (ADJP-PRD wrong)))))) .)) (TOP (S (NP-SBJ (NP (NP ABC) , (NP (NP a unit) (PP of (NP Capital Cities/ABC Inc.))) ,) and (NP (NP General Electric Co. 's) National Broadcasting Co.)) (ADVP also) (VP risk (NP losses) (SBAR-ADV if (S (NP-SBJ they) (VP outbid (NP CBS) (PP-CLR for (NP other contracts)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ rights fees) (VP head (ADVP-DIR skyward)))) , (NP-SBJ ad rates) (VP wo n't (VP *?*)) .)) (TOP (S (NP-SBJ Advertisers) (ADVP already) (VP are (VP balking (PP-CLR at (NP higher prices)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The networks) (VP are (VP paying (NP too much) (PP-CLR for (NP rights))))) , '' (VP warns (S *T*-1)) (NP-SBJ (NP adman Paul Isacsson) (PP of (NP Young & Rubicam))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ they) (VP ask (NP-2 advertisers) (S (NP-SBJ *-2) (VP to (VP absorb (NP the costs))))))) , (NP-SBJ-3 they) (VP 're (ADJP-PRD likely (S (NP-SBJ *-3) (VP to (VP lose (NP (NP all) (PP but (NP (NP a few) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP need (NP sports) , (ADVP above all)))))))))))) . '')) (TOP (S (NP-SBJ Viewers) (VP may not (VP be (VP cheering , (ADVP either)))) .)) (TOP (S (NP-SBJ Soaring rights fees) (VP will (VP lead (PP-CLR to (NP (NP an (ADJP even greater) clutter) (PP of (NP commercials)))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ some sports events) (VP will (VP move (PP-DIR (PP off (NP `` free '' television)) and (PP onto (NP (NP cable or pay-cable) , (SBAR (WHADVP-1 where) (S (NP-SBJ half (NP the nation 's) TV homes) (VP ca n't (VP see (NP them) (ADVP-LOC *T*-1)))))))))) .)) (TOP (S (NP-SBJ-1 CBS) (VP has (VP changed (NP the rules) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP throwing (PRT out) (NP (NP (NP the old basis) (PP for (NP sports bids))) (PRN -- (S-ADV (NP-SBJ that) (VP is)) , (SQ can (NP-SBJ (NP the network) (ADVP alone)) (VP make (NP a profit) (PP-CLR on (NP it))))))))))) ?)) (TOP (S (NP-SBJ Mr. Pilson) (VP emphasizes (NP (NP the ancillary benefits) (PP of (NP (NP positive press) , (NP contented affiliate stations) , (NP enthusiastic advertisers) and (NP (NP huge audiences) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP might (VP stick (PRT around) (S-CLR (NP-SBJ *-2) (VP to (VP watch (NP other CBS programs)))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the game) (VP is (ADVP-PRD over) (ADVP-TMP *T*-3))))))))))))) .)) (TOP (S (NP-SBJ The billion-dollar question) (VP is , (SBAR-PRD (SBARQ (WHNP-1 How much) (SQ are (NP-SBJ those benefits) (PP-PRD worth (NP *T*-1))) ?))))) (TOP (S (NP-SBJ Some TV people) (VP (VP doubt (SBAR 0 (S (NP-SBJ they) (VP will (VP materialize))))) and (VP argue (SBAR that (S (SBAR-ADV even if (S (NP-SBJ they) (VP do (VP *?*)))) , (NP-SBJ they) (VP wo n't (VP offset (NP (NP the multimillion-dollar deficits) (SBAR (WHNP-1 that) (S (NP-SBJ CBS) (VP could (VP run (PRT up) (NP *T*-1)))))))))))) .)) (TOP (S-1 `` (SBAR-ADV As (S (NP-SBJ we) (VP 've (VP seen (PP-TMP in (NP the '80s)))))) (PRN , '' (SINV (VP says (S *T*-1)) (NP-SBJ (NP Roger Werner) , (NP (NP the president) (PP of (NP the ESPN sports channel))))) , ``) (NP-SBJ those deals) (VP can (VP turn (ADJP-PRD sour) (SBAR-ADV if (S (NP-SBJ the numbers) (VP do n't (VP work)))))) .)) (TOP (S And (ADVP-TMP (NP three years) later) , (PP-LOC in (NP (NP a sea) (PP of (NP red ink)))) , (NP-SBJ the heroes) (VP can (VP find (NP themselves) (PP-CLR with (NP (NP a lot) (PP of (NP explaining)) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1))))))))) . '')) (TOP (SINV (S-TPC-4 (NP-SBJ-3 CBS) (VP pursues (NP top sports) `` (S-PRP (NP-SBJ *-3) (VP to (VP belie (NP the fact (SBAR that (S (NP-SBJ they) (VP are n't (VP supporting (NP (NP affiliates) , (NP viewers) and (NP advertisers)))))))))))) , '' (VP charges (SBAR 0 (S *T*-4))) (NP-SBJ (NP Thomas H. Wyman) , (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP was (VP ousted (NP *-1) (PP-CLR as (NP (NP chairman) (PP of (NP CBS Inc.)))) (SBAR-TMP after (S (NP-SBJ Laurence A. Tisch) (VP (VP bought (NP (NP a (ADJP 24.9 %) stake) (PP in (NP the company)))) and (VP took (PRT over) (ADVP-TMP (NP three years) ago)))))))))) .)) (TOP (S `` (S (NP-SBJ They) (VP lost (NP the entertainment crown))) , and (S (NP-SBJ they) (VP needed (NP one))) .)) (TOP (S And (NP-SBJ they) (VP 've (VP bought (NP one))) . '')) (TOP (S (PP On (NP (NP just three big deals) -- (PP (PP for (NP (NP four years) (PP of (NP baseball)))) and (PP for (NP (NP the Olympic Winter Games) (PP-TMP in (NP both 1992 and 1994))))) --)) (NP-SBJ Pilson) (VP bid (NP (NP a total) (PP of (NP (QP $ 1.64 billion) *U*)))) .)) (TOP (S (NP-SBJ That) (VP 's (ADJP-PRD (ADJP (NP-ADV (QP well over half a billion) dollars) more) (SBAR than (S (NP-SBJ-1 (NP ABC) and (NP NBC)) (VP were (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP pay (NP *?*)))))))))) .)) (TOP (S -LRB- (PP-TMP After (NP 1992)) , (NP-SBJ-1 the winter and summer Olympics) (VP will (VP be (VP held (NP *-1) (ADVP-TMP (NP two years) apart) , (PP with (S-NOM (NP-SBJ the revised schedule) (VP beginning (PP-CLR with (NP (NP (NP the winter games) (PP-TMP in (NP 1994))) and (NP (NP the summer games) (PP-TMP in (NP 1996))))))))))) . -RRB-)) (TOP (S (ADVP-TMP Now) , (NP-SBJ (NP Mr. Pilson) -- (NP (NP a former college basketball player) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP says (SBAR 0 (S (NP-SBJ a good negotiator) (VP needs (NP `` (NP (NP a level) (PP of (NP (NP focus) and (NP intellectual attention)))) '' (ADJP similar (PP to (NP a good athlete-s)))))))))))) (VP is (VP facing (NP (NP the consequences) (PP of (NP his own aggressiveness))))) .)) (TOP (S (NP-TMP Next month) , (NP-SBJ (NP talks) (PP *ICH*-1)) (VP will (VP begin (PP-1 on (NP (NP two coveted CBS contracts) , (PP for (NP the (UCP pro and college) basketball finals)))))) .)) (TOP (S (NP-SBJ-2 CBS) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP spend (SBAR-NOM (WHNP-1 whatever) (S (NP-SBJ it) (VP takes (NP *T*-1) (S-CLR (NP-SBJ *) (VP to (VP keep (NP them)))))))))))) .)) (TOP (NP (NP The potential bill) : (NP (NP (NP (QP more than $ 600 million) *U*) (PP for (NP several seasons))) , (NP an (ADJP 80 %) jump)) .)) (TOP (S (S (ADVP-TMP (NP A few months) later) , (NP-SBJ (NP CBS 's) college and pro football contracts) (VP come (PRT up) (PP-CLR for (NP renewal)))) ; (S (NP-SBJ they) (VP could (VP go (PP-CLR for (NP (NP (NP (NP-ADV (QP close to $ 100 million) *U*) more) (SBAR than (S (NP-SBJ CBS) (ADVP-TMP now) (VP pays (NP *?*))))) , (NP a (ADJP (QP 40 % to 50 %) *U*) rise)))))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP happens (PP-CLR to (NP those two basketball contracts))))) (VP will (VP shape (NP (NP the next five years) (PP of (NP network sports)))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Peter Lund) , (NP (NP a former CBS Sports president) (RRC (ADVP-TMP now) (PP-LOC at (NP Multimedia Inc))))) .)) (TOP (S (NP-SBJ (NP J. William Grimes) , (NP (NP former president) (PP of (NP ESPN))) ,) (VP says (SBAR 0 (S (NP-SBJ-1 NBC) (VP may `` (VP come (PRT in) (PP-CLR with (NP (NP a huge bid) (PP for (NP college basketball)))) (S-PRP (NP-SBJ *-1) (VP to (VP (VP take (NP it) (PRT away) (PP-CLR from (NP CBS))) and (VP say , ` (S (NP-SBJ We) (VP can (VP overbid , (ADVP too))))))))))))) . ')) (TOP (S And (NP-SBJ the winners) (VP will (VP be (NP-PRD (NP the colleges) , not (NP either network)))) .)) (TOP (FRAG Nor , (PP by (NP the way)) , (NP-PRD advertisers) . '')) (TOP (S (NP-SBJ Mr. Pilson) (VP is (NP-PRD an unlikely big spender)) .)) (TOP (S (PP-TMP In (NP the mid-1980s)) , (SBAR-TMP after (S (NP-SBJ ABC) (VP had (ADVP just) (VP bid (NP a record (QP $ 309 million) *U*) (PP-CLR for (NP the 1988 Winter Games)))))) , (NP-SBJ he) (VP sniped (PP-CLR at (NP-1 rivals)) (PP for (S-NOM (NP-SBJ *-1) (VP paying (NP reckless prices))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ I) (VP love (NP Pilson))) , but (S (NP-SBJ he) (VP was (NP-PRD (NP the guy) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP complained (ADVP-MNR most bitterly and loudly)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Robert Wussler) , (NP a former CBS Sports president)) .)) (TOP (S `` And (ADVP yet) (NP-SBJ his company) (VP is (NP-PRD (NP one reason) (SBAR (WHADVP why) (S (NP-SBJ rights) (VP are (ADJP-PRD so high) (NP-TMP today)))))) . '')) (TOP (S (S (NP-SBJ Rivals) (VP carp (PP-CLR at `` (NP (NP the principle) (PP of (NP Pilson)))))) , '' (PRN (SBAR as (S (NP-SBJ (NP NBC 's) Arthur Watson) (ADVP-TMP once) (VP put (NP it))))) -- `` (S (S (NP-SBJ he) (VP 's (ADVP-TMP always) (VP expounding (SBAR that (S (NP-SBJ rights) (VP are (ADJP-PRD too high))))))) , then (S (NP-SBJ he) (VP 's (VP going (ADJP-PRD crazy))))) . '')) (TOP (S But (NP-SBJ the 49-year-old Mr. Pilson) (VP is (ADVP hardly) (NP-PRD (NP a man) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP ignore (NP the numbers))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD A Yale law school graduate)) , (NP-SBJ-1 he) (VP (VP began (NP his career) (PP-LOC in (NP corporate law))) and then (VP put (PRT in) (NP years) (PP-CLR at (NP (NP Metromedia Inc.) and (NP the William Morris talent agency))))) .)) (TOP (S (S (PP-TMP-2 In (NP 1976)) , (NP-SBJ-1 he) (VP-3 joined (NP CBS Sports) (S-PRP (NP-SBJ *-1) (VP to (VP head (NP business affairs)))))) and , (S (ADVP-TMP=2 (NP five years) later) , (VP=3 became (NP-PRD its president))) .)) (TOP (S (NP-SBJ Mr. Pilson) (VP says (SBAR that (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP spoke (PRT out) (ADVP-TMP (NP a few years) ago) (ADVP-TMP *T*-1)))) , `` (S (NP-SBJ I) (VP did n't (VP say (ADVP forever)))) , and (S (NP-SBJ I) (VP did n't (VP say (NP every property))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ The market) (VP changed)) , (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1))) .)) (TOP (S (S And (NP-SBJ he) (VP is n't (NP-PRD the only big spender))) : (S (S (NP-SBJ NBC) (VP will (VP pay (NP a record (QP $ 401 million) *U*) (PP-CLR for (NP the 1992 Summer Games))))) , and (S (NP-SBJ-1 (NP ESPN) , (ADJP 80%-owned (PP by (NP Capital Cities/ABC))) ,) (VP will (VP shell (PRT out) (NP (QP $ 400 million) *U*) (PP-CLR for (NP (NP four years) (PP of (NP baseball)))) , (S-ADV (NP-SBJ *-1) (VP airing (NP (NP 175 regular-season games) (NP-ADV a year)))))))) .)) (TOP (S `` (NP-SBJ Our competitors) (VP say (SBAR 0 (S (NP-SBJ we) (VP overbid (NP them))))) .)) (TOP (SBARQ (WHNP-1 Who) (SQ (NP-SBJ *T*-1) (VP cares)) ?)) (TOP (S (S-TPC-1 (ADVP Maybe) (NP-SBJ we) (VP recognize (NP (NP values) (SBAR (WHNP-2 0) (FRAG (NP the other guys) (VP do n't (VP *?* (NP *T*-2)))))))) , '' (NP-SBJ Mr. Pilson) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Mr. Pilson 's) `` Major Events '' strategy) (VP jelled (SBAR-TMP after (S (NP-SBJ Mr. Tisch) (VP took (PRT over))))) .)) (TOP (S (NP-SBJ Mr. Pilson) (VP recalls (SBAR that (S (PP-TMP in (NP April 1986)) , (PP-TMP after (NP (NP CBS 's) annual meeting (PP in (NP Philadelphia)))) , (S (NP-SBJ (NP he) and (NP Mr. Tisch)) (VP took (NP (NP the 90-minute train ride) (ADVP back (PP to (NP New York)))))) , and (S (NP-SBJ-1 Mr. Pilson) (VP used (NP this extended private audience) (S-CLR (NP-SBJ *-1) (VP to (VP outline (NP his ambitions))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Tisch) , (NP (NP a billionaire) (PP-LOC in (NP hotels and finance))) ,) (VP was (ADVP just) (VP learning (NP the TV business))) .)) (TOP (S (S (ADVP-TMP (NP Five months) later) , (NP-SBJ Mr. Tisch) (VP took (PRT over) (PP-CLR as (NP (NP CBS 's) chief executive)))) , and (S (ADVP-PRP soon) (NP-SBJ he) (VP was (VP wielding (NP sole approval) (NP-TMP (NP each time) (SBAR (WHADVP-1 0) (S (NP-SBJ Mr. Pilson) (VP (VP scribbled (NP a (ADJP frighteningly large) figure) (PP-LOC on (NP (NP a slip) (PP of (NP paper))))) , (VP sealed (NP it) (PP-DIR in (NP an envelope))) and (VP gave (NP it) (PP-DTV to (NP sports negotiators))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (ADVP-TMP Then) , (PP-TMP in (NP May 1988)) , (NP-SBJ-1 Mr. Tisch) (ADVP-MNR urgently) (VP needed (S (NP-SBJ *-1) (VP to (VP make (NP a bold statement)))) (S-PRP (NP-SBJ *-1) (VP to (VP quell (NP rumors (SBAR that (S (NP-SBJ he) (VP might (VP sell (NP the network)))))))))) .)) (TOP (S (S (NP-SBJ Mr. Pilson) (VP gave (NP him) (NP one))) : (S (S (NP-SBJ He) (VP bid (NP (QP $ 243 million) *U*) (PP-CLR for (NP (NP rights) (PP to (NP (NP the 1992 Winter Games) (PP-LOC in (NP Albertville , France)))))))) ; (S (NP-SBJ ABC and NBC) (VP would n't (VP bid (NP even (QP $ 200 million) *U*))))) .)) (TOP (S (NP-SBJ That) (VP started (NP the still-raging bidding wars)) .)) (TOP (S-1 (NP-SBJ-2 The `` Major Events '' strategy) (PRN , (S (NP-SBJ Mr. Pilson) (VP says (SBAR 0 (S *T*-1)))) ,) (VP is (VP designed (S (NP-SBJ *-2) (VP to (VP notch (NP (NP a place) (PP for (NP CBS)) (PP-LOC on (NP (NP the crowded TV dial) (PP of (NP the 1990s)))))))))) .)) (TOP (S (NP-SBJ It) (VP 's (ADVP also) (NP-PRD (NP a fast fix) (PP for (NP an ailing image)))) .)) (TOP (S (NP-SBJ He) (VP sees (NP flashy sports) (PP-CLR as (NP (NP the only way) (SBAR (WHADVP-1 0) (S (NP-SBJ the last-place network) (VP can (VP (VP cut (PP-DIR through (NP (NP the clutter) (PP of (NP cable and VCRs))))) , (VP grab (NP (NP millions) (PP of (NP new viewers)))) and (VP tell (NP them) (PP-CLR about (NP (NP other shows) (VP premiering (ADVP-TMP (NP a few weeks) later))))) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (NP-TMP Next October) , (NP-SBJ-1 CBS) , (PP for (NP the first time)) , (VP wo n't (VP have (S (NP-SBJ *-1) (VP to (VP start (NP the season) (PP-CLR against (NP (NP the much-watched (ADJP American and National) baseball league championships) and (NP the World Series)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP 've (VP been (VP struggling (PP-CLR against (NP that)) (PP-TMP for (NP years)))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Jonathan Rodgers) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP (NP WBBM-TV) , (NP (NP the CBS-owned station) (PP-LOC in (NP Chicago)))))))) .)) (TOP (S (S-TPC-2 (SBAR-ADV Even if (S (NP-SBJ baseball) (VP triggers (NP (NP losses) (PP-LOC at (NP CBS)))))) (PRN -- and (S (NP-SBJ he) (VP does n't (VP think (SBAR 0 (S (NP-SBJ it) (VP will (VP *?*))))))) --) `` (NP-SBJ I) (VP 'd (ADVP rather (PP *ICH*-1)) (VP see (NP the games) (PP-LOC (PP on (NP our air)) (PP-1 than (PP on (NP NBC and ABC))))))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ That) (VP is n't (ADJP-PRD surprising)) .)) (TOP (S (S (NP-SBJ Regular TV series ratings) (VP have (VP slumped (PP-TMP in (NP the past five years))))) , and (S (S-1 (S-NOM-SBJ (NP-SBJ *) (VP premiering (NP new shows))) (VP is `` (NP-PRD a crap shoot))) , '' (NP-SBJ Mr. Pilson) (VP says (SBAR 0 (S *T*-1)))) .)) (TOP (S But (NP-SBJ top sports events) (VP are (ADVP still) (NP-PRD a strong bet) (S-PRP (NP-SBJ *) (VP to (VP lure (NP (NP audiences) (ADJP (ADJP (NP-ADV 30 % or 40 %) larger) (PP than (NP (NP those) (SBAR (WHNP-1 0) (S (NP-SBJ CBS) (ADVP-TMP usually) (VP gets (NP *T*-1)))))))))))) .)) (TOP (S (NP-SBJ Mr. Pilson) (VP says (S (NP-SBJ-1 (NP baseball) and (NP the Olympics)) (VP may (VP help (S (NP-SBJ CBS) (VP move (ADVP-DIR up (PP to (NP (NP No. 2) (PP-LOC in (NP the household ratings race))))))) , (S-ADV (NP-SBJ *-1) (VP putting (NP pizazz) (ADVP-PUT back (PP into (NP (NP the network 's) image))))))))) .)) (TOP (S And (NP-SBJ the Winter Olympics) (VP will (VP air (PP-TMP during (NP (NP the February `` sweeps) , '' (SBAR (WHADVP-1 when) (S (NP-SBJ-2 ratings) (VP are (VP used (NP *-2) (S-CLR (NP-SBJ *) (VP to (VP set (NP (NP ad rates) (PP for (NP local stations)))))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ That) (VP will (VP (VP please (NP once-grumpy affiliates)) -- (NP-ADV (NP another aim) (PP of (NP the Pilson plan))))) .)) (TOP (S (NP-SBJ They) (ADVP-MNR gleefully) (VP await (NP (NP the `` dream season '') (PP-TMP in (NP 1990)))) .)) (TOP (S (NP-SBJ CBS) (VP will (VP air (NP (NP the Super Bowl) , (NP baseball playoffs) , (NP college and pro basketball finals) and (NP other premier sports events)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP 's (VP made (S (NP-SBJ me) (ADJP-PRD more committed (PP to (NP CBS))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Philip A. Jones) , (NP (NP the president) (PP of (NP (NP (NP Meredith Corp. 's) broadcast group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP two CBS affiliates)))))))) .)) (TOP (S (NP-SBJ The CBS plan (S (NP-SBJ *) (VP to (VP use (NP big-time sports) (PP-CLR as (NP (NP a platform) (PP for (NP other series)))))))) (VP carries (NP (NP no guarantee) (PP of (NP success))) , (ADVP however)) .)) (TOP (S (NP-SBJ (NP No amount) (PP of (NP hype))) (VP will (VP bring (NP viewers) (ADVP-DIR back) (SBAR-ADV if (S (NP-SBJ the shows) (VP are (ADJP-PRD weak)))))) .)) (TOP (S `` (S-TPC-1 (PP-LOC In (NP (NP this market) (PP of (NP (NP 40 channels) , (NP sophisticated viewers) and (NP the remote control))))) , (NP-SBJ trial) (VP is n't (NP-PRD (NP a guarantee) (PP of (NP anything))))) , '' (NP-SBJ (NP ESPN 's) Mr. Werner) (VP says (S *T*-1)) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ the show) (VP ai n't (NP-PRD a killer)))) , (NP-SBJ they) (VP 're (ADJP-PRD gone)) . '')) (TOP (S (S (PP-TMP During (NP the 1984 Summer Games)) , (PP for (NP example)) , (NP-SBJ ABC) (VP touted `` (NP (NP Call) (PP to (NP Glory))))) , '' but (S (NP-SBJ the military drama) (VP was (ADJP-PRD missing (PP in (NP action))) (PP-TMP within (NP weeks)))) .)) (TOP (S (NP-TMP Last October) , (PP-TMP during (NP the 1988 Summer Games)) , (NP-SBJ NBC) (ADVP-MNR relentlessly) (VP pitched (NP (NP a new series) , `` (NP Tattingers))) . '')) (TOP (S (NP-SBJ It) (VP belly-flopped (ADVP anyway)) .)) (TOP (S (ADVP Moreover) , (NP-SBJ sports) (VP is (ADVP hardly) (NP-PRD (NP the best way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP lure (NP adult women) (ADVP-MNR *T*-1))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ CBS) (VP might (VP move (ADVP-DIR up (PP to (NP (NP No. 2) (PP-LOC in (NP household ratings))))))))) , (NP-SBJ most advertisers) (VP buy (PP-MNR based (PP on (NP (NP ratings) (PP for (NP (NP women) (ADJP aged (NP (NP 18) (PP to (NP 49)))))))))) .)) (TOP (S (NP-SBJ CBS) (VP may (VP remain (NP-PRD a distant No. 3) (PP in (NP that regard)))) .)) (TOP (SINV Nor is (NP-SBJ CBS) (NP-PRD (NP a shoo-in) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP get (NP blockbuster ratings)))))) .)) (TOP (S (PP-TMP In (NP recent years)) , (NP-SBJ-1 (NP the World Series) and (NP the Olympics)) (VP were (VP aired (NP *-1) (PP-CLR against (NP (NP CBS 's) last-place lineup)))) .)) (TOP (S But (NP-SBJ CBS) (VP will (VP put (NP the athletes) (ADVP-PUT up (PP against (NP (NP Bill Cosby) , `` (NP Cheers) '' and (NP (NP other shows) (PP-LOC in (NP (NP NBC 's) No. 1 schedule)))))))) .)) (TOP (S (NP-SBJ (NP Even the boon) (PP to (NP affiliate relations))) (VP may (VP be (ADJP-PRD limited))) .)) (TOP (S (NP-SBJ The sports lineup) (VP may (VP add (NP (QP only 1 % to 5 %) *U*) (PP-CLR to (NP (NP a station 's) annual profits)))) .)) (TOP (S (NP-SBJ-1 (NP It) (ADVP alone)) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP stop (NP-2 a station) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP dumping (NP CBS shows))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The World Series) , (NP seven nights) ,) (VP was n't (ADJP-PRD enough (PP of (NP an incentive))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Arnold Klinsky) (PP of (NP (NP WHEC-TV) (PP-LOC in (NP Rochester)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP dropped (NP CBS) (PP-CLR for (NP NBC)) (ADVP-TMP (NP six weeks) ago))))))) .)) (TOP (S `` (NP-SBJ-1 You) (VP 've (VP got (S (NP-SBJ *-1) (VP to (VP judge (SBAR (WHADVP-2 where) (S (NP-SBJ the network) (VP will (VP be (ADVP-LOC-PRD *T*-2) (PP-TMP in (NP three years))))))))))) . '')) (TOP (S (NP-SBJ The intangible benefits) (VP may (VP prove (ADJP-PRD extremely costly) (SBAR-ADV if (S (NP-SBJ CBS) (VP ca n't (VP avoid (NP (NP big losses) (PP on (NP (NP the sports coverage) (NP itself)))))))))) .)) (TOP (S And (S-NOM-SBJ (NP-SBJ *) (VP avoiding (NP such losses))) (VP will (VP take (NP a monumental effort))) .)) (TOP (SINV (S-TPC-1 (PP On (NP (NP the (ADJP (QP $ 1.06 billion) *U*) baseball agreement) (ADVP alone))) , (NP-SBJ-2 CBS) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP lose (NP (QP $ 250 million) *U*) (PP-TMP in (NP four years)))))))) , (VP contends (SBAR 0 (S *T*-1))) (NP-SBJ (NP Mr. Wussler) , (NP the former CBS man) , (RRC (ADVP-TMP now) (PP-LOC at (NP Comsat Inc)))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ he) (VP deems (S (NP-SBJ the deal) `` (ADJP-PRD plain smart) '') (PP for (NP its huge promotional value))) .)) (TOP (S (NP-SBJ-1 Mr. Pilson) (VP calls (S (NP-SBJ that loss estimate) `` (ADJP-PRD wildly inaccurate)) , '' (S-ADV (NP-SBJ *-1) (VP conceding (ADVP only) (SBAR that (S (NP-SBJ CBS) (VP will (VP lose (NP money) (PP-CLR on (NP baseball)) (PP-TMP in (NP the first year))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ It) (VP 's (ADJP-PRD too early (S (NP-SBJ *) (VP to (VP tell '' (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happens (NP *T*-1) (PP-TMP after (NP that))))))))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S But (S-TPC-1 (NP-SBJ Mr. Tisch) (VP expects (NP losses) (PP-TMP in (NP (NP all four years) (PP of (NP the contract)))))) , (NP-SBJ he) (VP told (NP U.S. senators) (SBAR 0 (S *T*-1)) (NP-TMP last June)) .)) (TOP (S (S (NP-SBJ CBS) (VP will (VP pay (NP (NP an average) (PP of (NP (NP (NP-ADV (QP $ 82 million) *U*) more) (SBAR *ICH*-1)))) (NP-TMP each year) (SBAR-1 than (S (NP-SBJ ABC and NBC) (VP had (VP paid (NP *?*) (ADVP together)))))))) -- and (S (NP-SBJ those two networks) (VP expect (NP (NP losses) (PP on (NP baseball))) (NP-TMP this season))) .)) (TOP (S (ADVP Yet) (NP-SBJ CBS) (VP will (VP air (NP (NP (QP only 12) regular-season games) , (ADJP (ADJP (NP-ADV 26) fewer) (PP than (NP ABC and NBC)))))) .)) (TOP (S (NP-SBJ That) (VP has (VP outraged (NP some fans))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP indicates (NP (NP (NP a (ADJP (QP $ 50 million) *U*) drop) (PP-LOC in (NP (NP ad sales) (PP for (NP regular-season games))))) -- (NP (NP a risk) (SBAR (WHNP-1 0) (S (NP-SBJ-2 CBS) (VP took (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP get (NP (NP an unprecedented lock) (PP on (NP all playoff games)))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the playoffs) (VP end (PP-MNR in (NP four-game sweeps))))) , (NP-SBJ losses) (VP could (VP soar)) .)) (TOP (S (NP-SBJ Advertisers) (VP are (VP resisting (NP (NP higher prices) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP would (VP help (S (NP-SBJ *-2) (VP close (NP the gap)))))))))) .)) (TOP (S (NP-SBJ CBS) (VP signed (NP-1 (NP General Motors) and (NP Toyota)) (S-CLR (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the only auto-maker sponsors) (PP-LOC in (NP baseball))) (PP-TMP for (NP four years)))))) .)) (TOP (NP (NP Price) : (NP (QP $ 265 million) *U*) .)) (TOP (S But (NP-SBJ (NP ad executives) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP negotiated (NP the deal))))) (VP say (SBAR 0 (S (NP-SBJ that) (VP works (PRT out) (PP-CLR to (NP (NP (NP (QP only $ 275,000) *U*) (PP for (NP (NP a 30-second ad) (PP-LOC in (NP the World Series)))) (PP-TMP through (NP 1993))) -- (ADJP (ADJP (NP-ADV 17 %) less) (PP than (SBAR (WHNP-2 what) (S (NP-SBJ ABC) (VP is (VP charging (NP *T*-2) (PP-CLR for (NP the Series)) (NP-TMP this month))))))))))))) .)) (TOP (S (ADVP Moreover) , `` (S-TPC-1 (NP-SBJ there) (VP 's (NP-PRD no question (SBAR 0 (S (NP-SBJ ad rates) (VP will (VP come (ADVP-DIR down) (ADVP-EXT considerably) '' (PP-DIR from (NP the GM-Toyota price))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Arnold Chase) (PP of (NP Bozell Inc))) .)) (TOP (S (NP-SBJ Other admen) , (ADVP however) , (VP say (SBAR 0 (S (NP-SBJ rates) (VP could (VP rise (ADVP-TMP later) (SBAR-ADV if (S (NP-SBJ ad spending) (VP surges)))))))) .)) (TOP (S (NP-SBJ The Winter Games outlook) (ADVP also) (VP is (ADJP-PRD mixed)) .)) (TOP (S (S (NP-SBJ-1 CBS) (VP expects (S (NP-SBJ *-1) (VP to (VP make (NP modest profits)))))) , but (S (NP-SBJ rivals) (VP contend (SBAR that (S (NP-SBJ it) (VP will (VP take (NP a beating))))))) .)) (TOP (S (NP-SBJ ABC) (VP lost (NP (QP $ 75 million) *U*) (PP-CLR on (NP the 1988 Winter Games)) , (PP-PRP (ADVP partly) because of (NP its (ADJP (QP $ 309 million) *U*) rights fee))) .)) (TOP (S (NP-SBJ-1 It) (VP (VP aired (NP (NP 94.5 hours) (PP of (NP (NP (ADJP mostly live) events) (PP-LOC in (NP Calgary))))) -- (S-ADV (NP-SBJ *) (VP helping (VP raise (NP ratings) (ADVP-EXT slightly) (PP-DIR from (NP 1984)))))) -- but (VP (ADVP still) failed (S (NP-SBJ *-1) (VP to (VP deliver (NP (NP the audience) (VP promised (NP *) (PP-DTV to (NP advertisers))))))))) .)) (TOP (S (S (NP-SBJ CBS) (VP will (VP add (NP 25 1 hours) (PP-CLR to (NP that load)) (PP-TMP in (NP 1992))))) , and (S (NP-SBJ-1 ratings) (VP could (VP be (VP hurt (NP *-1) (PP by (NP-LGS (NP a lack) (PP of (NP live events)))))))) .)) (TOP (S (S (NP-SBJ All prime-time fare) (VP will (VP be (PP-PRD on (NP tape-delay)) (PP-PRP because of (NP (NP time differences) (PP with (NP Norway))))))) , so (S (NP-SBJ-1 the results) (VP can (VP be (VP announced (NP *-1) (PP-LOC on (NP the 6 o'clock news)))))) .)) (TOP (S -LRB- (NP-SBJ-1 Turner Broadcasting) (VP will (VP pay (NP CBS) (NP (QP $ 25 million) *U*) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP air (NP (NP (NP 50 hours) (PP of (NP CBS coverage))) plus (NP (NP 50 hours) (PP of (NP additional events))))))))) . -RRB-)) (TOP (S (NP-SBJ (NP Barry Frank) , (NP (NP the agent) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP took (NP Mr. Pilson) (PP-CLR to (NP lunch)) (NP-TMP last March))))) ,) (VP says (SBAR that (S (SBAR-ADV even if (S (NP-SBJ CBS) (VP loses , (INTJ say) , (NP (QP $ 10 million) *U*)))) , (NP-SBJ it) (VP matters (ADVP little))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Ten million) (VP ai n't (NP-PRD jack) , (INTJ man) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ you) (VP got (NP (NP (QP $ 3 billion) *U*) (VP sitting (PP-LOC in (NP the bank)))) (ADVP-TMP *T*-1)))))) , '' (VP says (S *T*-2)) (NP-SBJ-3 (NP Mr. Frank) , (NP (NP senior vice president) (PP-LOC at (NP International Management Group)))) , (S-ADV (NP-SBJ *-3) (VP citing (NP (NP (NP CBS 's) enormous cash reserves) (PP from (S-NOM (NP-SBJ *) (VP selling (PRT off) (NP various businesses))))))) .)) (TOP (S `` (S (NP-SBJ It) (VP does n't (VP mean (NP anything)))) -- (S (NP-SBJ it) (VP 's (NP-PRD public-relations money))) . '')) (TOP (SINV (S-TPC-1 (ADVP Moreover) , (NP-SBJ sports) (VP has `` (VP claimed (NP (NP its place) '' (PP as (NP a guaranteed ratings-getter)))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP David J. Stern) , (NP (NP the commissioner) (PP of (NP the National Basketball Association)))) .)) (TOP (S `` (S (NP-SBJ This) (VP is n't (NP-PRD outlandish bidding))) ; (S (NP-SBJ this) (VP is (NP-PRD (NP a situation) (PP of (S-NOM (NP-SBJ (ADJP very careful) businessmen) (VP (VP making (NP (NP judgments) (PP about (NP (NP the worth) (PP of (NP product)))))) and (VP acting (PP-CLR on (NP it))))))))) ... .)) (TOP (S (NP-SBJ-1 I) (VP would (VP tend (S (NP-SBJ *-1) (VP to (VP trust (NP their judgment)))))) . '')) (TOP (S (S (NP-SBJ That) (VP 's (ADJP-PRD easy (SBAR (WHNP-2 0) for (S (NP-SBJ him) (VP to (VP say (NP *T*-2)))))))) : (S (NP-SBJ (NP (NP CBS 's) four-year NBA pact) , (RRC (ADVP-TMP now) (PP-LOC at (NP (NP (QP $ 176 million) *U*) (PP for (NP four years))))) ,) (VP could (VP double (PP in (NP price)) (PP-TMP by (NP (NP the time) (SBAR (WHADVP-3 0) (S (NP-SBJ-1 (NP his talks) (PP with (NP Mr. Pilson))) (VP are (VP completed (NP *-1) (ADVP-TMP *T*-3))))))) (NP-TMP later this month)))) .)) (TOP (S (NP-SBJ That) (VP would (VP cut (PP-CLR into (NP (NP (NP CBS 's) slim margin) (PP for (NP profit -- and error)))))) .)) (TOP (S (NP-SBJ CBS Sports) (VP earned (NP (QP $ 50 million or so) *U*) (NP-TMP last year)) .)) (TOP (S (S And (NP-SBJ CBS) (VP takes (PRT in) (NP the least money) (PP-TMP in (NP prime time)))) ; (S (NP-SBJ ABC and NBC) (VP charge (NP (ADJP (QP 30 % to 35 %) *U*) more) (PP-CLR for (NP ads)) , (PP according (PP to (NP a Variety survey))))) .)) (TOP (S But (S (NP-SBJ (NP CBS 's) costs) (VP are (ADJP-PRD huge))) , and (S (NP-SBJ the risks) (VP go (ADVP-DIR up) (PP with (NP (NP each new sports package) (SBAR (WHNP-1 that) (S (NP-SBJ CBS) (VP locks (PRT up) (NP *T*-1)))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ sports officials) (VP predict (NP (NP jumps) (PP of (NP (QP 50 % to 100 %) *U*)) (PP-LOC in (NP (NP the major contracts) (VP coming (PRT up) (PP-CLR for (NP renewal))))))))) , (NP-SBJ ad rates) (VP may (VP rise (NP (QP only 20) %))) .)) (TOP (S (NP-SBJ-1 CBS) (VP hopes (S (NP-SBJ-2 *-1) (VP to (VP save (NP money) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP ordering (NP (NP fewer episodes) (PP of (NP regular series))))))))) (SBAR-PRP because (S (NP-SBJ sports) (VP will (VP fill (PRT up) (NP (NP a few weeks) (PP of (NP prime time)))))))) .)) (TOP (S But (NP-SBJ the savings) (VP will (VP be (ADJP-PRD minuscule))) .)) (TOP (S (S (NP-SBJ (NP Each hour) (PP of (NP Olympics and baseball)) (PP-LOC in (NP prime time))) (VP will (VP cost (NP CBS) (NP (QP $ 2.6 million to $ 2.8 million) *U*)))) ; (S (S (NP-SBJ an hour-long drama) (VP costs (NP (QP only $ 900,000) *U*))) , and (S (NP-SBJ-1 it) (VP is (VP aired (NP *-1) (ADVP twice))))) .)) (TOP (S (NP-SBJ CBS) (VP may (VP cushion (NP losses) (PP-MNR with (NP (NP (QP about $ 200 million) *U*) (NP-ADV a year) (PP in (NP (NP interest) (VP earned (NP *) (PP-CLR on (NP (NP the proceeds) (PP from (S-NOM (NP-SBJ *) (VP selling (NP (NP CBS Records) and (NP other businesses)))))))))))))) .)) (TOP (S But (NP-SBJ (NP media-stock analyst Richard J. MacDonald) (PP of (NP MacDonald Grippo Riely))) (VP says (SBAR 0 (S (NP-SBJ Wall Street) (VP wo n't (VP take (ADVP-CLR kindly) (PP-CLR to (NP that))))))) .)) (TOP (S `` (S-TPC-2 (PP On (NP a stand-alone basis)) , (NP-SBJ-1 the network) (VP ought (S (NP-SBJ *-1) (VP to (VP make (NP money)))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 Mr. Pilson) (VP is (VP asked (NP *-1) (ADVP-MNR directly) (ADVP-TMP *T*-2) -- (SQ can (NP-SBJ you) (VP make (NP money) (PP-CLR on (NP all this))) ?))))) -- (NP-SBJ he) (VP does n't (ADVP exactly) (VP say (INTJ yes))) .)) (TOP (S `` (S-TPC-2 (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ you) (VP 're (ADVP really) (VP asking (NP *T*-1))))) (VP is , (SQ-PRD Are (NP-SBJ (NP the profit and loss margins) (VP anticipated (NP *) (PP on (NP the events)))) (ADJP-PRD acceptable (PP to (NP management))) ?))) '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (ADVP-TMP Then) , (NP-SBJ he) (VP answers (NP his own question)) .)) (TOP (S `` (INTJ Yes) , (NP-SBJ they) (VP are (ADJP-PRD *?*)) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP the only question) (SBAR (WHNP-1 0) (S (NP-SBJ-2 we) (VP need (S (NP-SBJ *-2) (VP to (VP address (NP *T*-1))))))))) .)) (TOP (S (S (NP-SBJ *) (VP Place (NP a phone order) (PP-MNR through (NP most any catalog)))) and (S (NP-SBJ chances) (VP are (SBAR-PRD 0 (S (NP-SBJ (NP the clerk) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP answers)))) (VP wo n't (VP be (NP-PRD (NP the only one) (PP-LOC on (NP the line))))))))) .)) (TOP (S (NP-SBJ Bosses) (VP have (NP big ears) (NP-TMP these days)) .)) (TOP (S Or (NP-SBJ *) (VP (VP open (PRT up) (NP an electronics magazine)) and (VP peruse (NP (NP the ads) (PP for (NP (NP sneaky tape recorders) and (NP other snooping gadgets)))))) .)) (TOP (S (NP-SBJ Some) (VP would (VP make (S (NP-SBJ even James Bond) (ADJP-PRD green (PP with (NP envy)))))) .)) (TOP (S (NP-SBJ (NP Eavesdropping) -- (ADJP both (ADJP corporate) and (ADJP private)) --) (VP is (PP-PRD on (NP the rise)) , (NP-ADV (NP thanks) (PP to (NP (NP the proliferation) (PP of (NP surveillance technologies)))))) .)) (TOP (S And (SBAR-ADV while (S (NP-SBJ (NP (NP sellers) (PP of (NP the equipment))) and (NP (NP companies) (VP `` monitoring '' (NP employees)))) (VP have (NP few qualms)))) , (NP-SBJ (NP right-to-privacy advocates) and (NP some lawmakers)) (VP are (ADJP-PRD alarmed)) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ New technologies) (VP are (VP changing (NP (NP (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ we) (VP deal (PP-CLR with (NP each other)) (ADVP-MNR *T*-1))))) and (NP (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ we) (VP work (ADVP-MNR *T*-2))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Janlori Goldman) , (NP (NP a staff attorney) (PP-LOC at (NP the American Civil Liberties Union)))) .)) (TOP (S `` (NP-SBJ-1 (NP Our expectation) (PP of (NP confidentiality))) (VP is (VP being (VP eroded (NP *-1)))) . '')) (TOP (S (PP-LOC On (NP the corporate side)) , (NP-SBJ companies) (VP claim (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP monitoring (NP employee phone conversations))) (VP is (ADJP-PRD both (ADJP legal) and (ADJP necessary)) (S-PRP (NP-SBJ *) (VP to (VP (VP gauge (NP productivity)) and (VP ensure (NP good service))))))))) .)) (TOP (S (NP-SBJ The practice) (VP is (ADJP-PRD common) (PP-LOC at (NP (NP catalog , insurance and phone companies) , (NP banks) and (NP telemarketers))) , (PP according (PP to (NP (NP trade groups) and (NP worker organizations))))) .)) (TOP (S (NP-SBJ It) (VP 's (ADVP also) (ADJP-PRD widespread) (PP for (NP (NP reservations clerks) (PP-LOC in (NP the (UCP airline , car-rental , hotel and railroad) industries))))) .)) (TOP (S (NP-SBJ (NP (NP The Communications Workers) (PP of (NP America))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP opposes (NP such monitoring)))) ,) (VP says (SBAR 0 (S (NP-SBJ supervisors) (VP listen (PRT in) (PP-CLR on (NP an estimated (QP 400 million) calls)) (NP-TMP each year))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Among (NP (NP companies) (VP saying (SBAR 0 (S (NP-SBJ they) (VP monitor (NP employees))))))) (VP are (PP-LOC-PRD *T*-1)) (NP-SBJ (NP United Airlines) , (NP American Airlines) , (NP United Parcel Service) , (NP Nynex Corp.) , (NP Spiegel Inc.) , and (NP (NP the circulation department) (PP of (NP this newspaper)))) .)) (TOP (S (NP-SBJ Some Wall Street firms) (VP monitor (PP-PRP for (NP recordkeeping purposes))) .)) (TOP (S (NP-SBJ Dictaphone Corp.) (VP says (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD (NP a big business demand) (PP for (NP (NP its voice-activated taping systems) , (NP whether (NP (NP (NP the sophisticated Veritrac 9000 system) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP costs (NP (QP from $ 10,000 to $ 120,000) *U*)) and (VP can (VP record (NP 240 conversations) (ADVP-TMP simultaneously)))))))) , or (NP (NP simple handheld units) (VP selling (PP-CLR for (NP $ 395 *U*)))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 Businesses) `` (VP want (S (NP-SBJ *-1) (VP to (VP (VP verify (NP information)) and (VP ensure (NP accuracy))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP John Hiltunen) , (NP (NP (NP Dictaphone 's) manager) (PP of (NP media relations)))) .)) (TOP (S-2 (NP-SBJ-1 (NP The state) (PP of (NP Alaska))) (ADVP-TMP recently) (VP bought (NP the Veritrac system) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) , ``) (S-PRP (NP-SBJ *-1) (VP to (VP monitor (NP the Exxon cleanup effort))))) . '')) (TOP (S (NP-SBJ (NP Merrill Lynch & Co.) and (NP Shearson Lehman Hutton Inc.)) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP use (NP voice-activated systems) (S-CLR (NP-SBJ *-1) (VP to (VP record and verify (NP orders) (PP between (NP salesmen and traders))))))))) .)) (TOP (S (NP-SBJ Shearson) (VP says (SBAR 0 (S (NP-SBJ it) (VP has (VP taped (NP (NP (NP some) (PP of (NP its institutional trading desks))) , (PP such as (NP commodities and futures)) ,) (PP-TMP for (NP about four years))))))) .)) (TOP (S (NP-SBJ Both companies) (VP stress (SBAR (SBAR that (S (NP-SBJ employees) (VP know (SBAR 0 (S (NP-SBJ-1 they) (VP are (VP being (VP recorded (NP *-1))))))))) and (SBAR that (S (NP-SBJ-2 customer conversations) (VP are n't (VP taped (NP *-2))))))) .)) (TOP (S (NP-SBJ Kidder Peabody & Co.) (VP says (SBAR 0 (S (NP-SBJ-1 it) (VP monitors (NP (NP bond-trading conversations) (PP between (NP brokers and customers))) (S-PRP (NP-SBJ *-1) (VP to (VP safeguard (NP order accuracy)))))))) .)) (TOP (S (NP-SBJ (NP Eavesdropping) (PP by (NP individuals))) (VP is (ADJP-PRD harder (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP measure (NP *T*-1))))))) .)) (TOP (S But (NP-SBJ devices) (VP are (ADVP-PRD there (PP for (NP the asking))) , (PP-LOC whether (PP in (NP stores)) or (PP through (NP the mail)))) .)) (TOP (S (NP-SBJ (NP The Counter Spy Shop) (PP-LOC in (NP Washington , D.C.))) , (PP for (NP instance)) , (VP offers (NP (NP the `` Secret Connection '' attache case) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP can (ADVP-MNR surreptitiously) (VP record (NP conversations) (PP-TMP for (NP (NP nine hours) (PP at (NP a stretch)))))))))) .)) (TOP (S (S (NP-SBJ (NP That) and (NP other fancy gizmos)) (VP may (VP cost (NP thousands)))) , but (S (NP-SBJ simple voice-activated tape recorders) (VP sell (PP-CLR for (ADJP (ADJP as little) (PP as (NP $ 70 *U*)))) (PP-LOC at (NP (NP electronics stores) (PP like (NP Radio Shack)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The (ADJP most common) use) (PP of (NP spying devices))) (VP is (PP-PRD-LOC in (NP divorce cases)))) , (VP say (SBAR 0 (S *T*-1))) (NP-SBJ private investigators) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP tape recordings) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP uncover , (INTJ say) , (NP infidelity)))))) (VP are n't (ADJP-PRD admissible) (PP-LOC in (NP court))))) , (NP-SBJ they) (VP can (VP mean (NP leverage) (PP-LOC in (NP a settlement)))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Concerned (PP-CLR with (NP (NP (NP the increased availability) (PP of (NP surveillance technology))) and (NP (NP heavier use) (PP of (NP it))))))) , (NP-SBJ-1 lawmakers) (VP have (VP proposed (NP (NP laws) (VP addressing (NP the issue))))) .)) (TOP (S (NP-SBJ Nine states) (VP have (VP introduced (NP (NP bills) (VP requiring (SBAR that (S (NP-SBJ-1 workers and customers) (VP be (VP made (S (NP-SBJ *-1) (ADJP-PRD aware (PP of (NP monitoring)))))))))))) .)) (TOP (S And (NP-SBJ (NP four states) -- (NP (NP California) , (NP Florida) , (NP Michigan) and (NP Pennsylvania)) --) (VP have (VP adopted (NP rules (SBAR that (S (NP-SBJ (NP all parties) (ADJP involved)) (VP must (VP consent (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 phone calls) (VP are (VP recorded (NP *-1) (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Two bills) (PP-LOC in (NP Congress))) (VP hope (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ such restrictions) (ADJP-PRD national)))))) .)) (TOP (S (PP-TMP In (NP May)) , (NP-SBJ (NP Rep. Don Edwards) (PRN -LRB- (NP (NP D.) (NP-LOC Calif .)) -RRB-)) (VP introduced (NP (NP congressional legislation) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP require (NP (NP an audible beeping) (PP-TMP during (NP any employee monitoring)) , (VP warning (NP people) (SBAR that (S (NP-SBJ-1 they) (VP are (VP being (VP heard (NP *-1)))))))))))))) .)) (TOP (S -LRB- (NP-SBJ The legislation) (VP is (ADJP-PRD similar (PP to (NP (NP a 1987 `` beeper bill '') (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP was (VP defeated (NP *-1) (PP-TMP after (NP (NP heavy lobbying) (PP by (NP the telemarketing industry)))))))))))) . -RRB-)) (TOP (S (ADVP Also) (NP-TMP last spring) , (NP-SBJ (NP Rep. Ron Dellums) (PRN -LRB- (NP (NP D.) , (NP-LOC Calif.)) -RRB-) ,) (VP introduced (NP (NP a bill) (VP requiring (NP (NP universal two-party consent) (PP to (NP any tapings))) (PP-LOC in (NP (NP cases) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do n't (VP involve (NP law enforcement)))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 (NP products) (PP such as (NP voice-activated tape recorders))) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP include (NP (NP beep tones) and (NP (NP labels) (VP explaining (NP (NP federal laws) (PP on (NP eavesdropping))))))))))) .)) (TOP (S (NP-SBJ (NP The outlook) (PP on (NP both federal bills))) (VP is (ADJP-PRD uncertain) , (S-ADV (NP-SBJ *) (ADVP especially) (VP remembering (NP the 1987 defeat)))) .)) (TOP (S (S (NP-SBJ (NP The ACLU) and (NP worker organizations)) (VP back (NP tighter laws))) , but (S (NP-SBJ (NP employers) and (NP device manufacturers)) (VP object)) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ I) (VP 'm (ADJP-PRD sympathetic (PP with (NP (NP workers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP feel (PP-PRD under (NP the gun)))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Richard Barton) (PP of (NP (NP (NP the Direct Marketing Association) (PP of (NP America))) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (VP lobbying (ADVP-MNR strenuously) (PP-CLR against (NP the Edwards beeper bill))))))))) .)) (TOP (S `` But (NP-SBJ (NP the only way) (SBAR (WHADVP-1 0) (S (NP-SBJ you) (VP can (VP find (PRT out) (SBAR (WHADVP how) (S (NP-SBJ your people) (VP are (VP doing)))) (ADVP-MNR *T*-1)))))) (VP is (PP-MNR-PRD by (S-NOM (NP-SBJ *) (VP listening)))) . '')) (TOP (S (NP-SBJ (NP The powerful group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP represents (NP (NP many) (PP of (NP (NP the nation 's) telemarketers)))))) ,) (VP was (ADJP-PRD instrumental (PP in (S-NOM (NP-SBJ *) (VP derailing (NP the 1987 bill)))))) .)) (TOP (S (NP-SBJ-2 Spiegel) (ADVP also) (VP opposes (NP the beeper bill) , (S-ADV (NP-SBJ *-2) (VP saying (SBAR 0 (S (NP-SBJ (NP the noise) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP requires (NP *T*-1))))) (VP would (VP interfere (PP-CLR with (NP customer orders)) , (S-ADV (NP-SBJ *) (VP causing (NP (NP irritation) and (ADVP even) (NP errors))))))))))) .)) (TOP (S (NP-SBJ (NP Laura Dale) , (NP (NP center manager) (PP-LOC at (NP (NP (NP the catalog company 's) customer order center) (PP-LOC in (NP Reno , Nev. ))))) ,) (VP defends (NP monitoring)) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-2 We) (VP like (S (NP-SBJ *-2) (VP to (VP (VP follow (PRT up)) and (VP make (ADJP sure (SBAR 0 (S (NP-SBJ operators) (VP are (VP achieving (NP (NP our standards) (PP of (NP company service)))))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Ms. Dale) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP supervises (NP 350 operators))))) .)) (TOP (S (NP-SBJ (NP John Bonomo) , (NP a Nynex spokesman) ,) (VP says (SBAR 0 (S (NP-SBJ-1 the telephone company) (VP needs (S (NP-SBJ *-1) (VP to (VP monitor (NP operators)))) (S-PRP (NP-SBJ *-1) (VP to (VP evaluate (NP (NP performance) (PP-TMP during (NP (NP the first six months) (PP-LOC on (NP the job)))))))))))) .)) (TOP (S-1 `` (ADVP-TMP Sometimes) (PRN , '' (S (NP-SBJ he) (VP says (S *T*-1))) , ``) (NP-SBJ we) (VP 'll (VP pull (NP someone) (PP-DIR off (NP the phones)) (PP-PRP for (NP more training)))) . '')) (TOP (S (NP-SBJ Federal wiretap statutes) (VP recognize (NP (NP the right (S *ICH*-1)) (PP of (NP employers)) (S-1 (NP-SBJ *) (VP to (VP monitor (NP employees ') (PP-PRP for (NP evaluation purposes))))))) .)) (TOP (S And (PP-TMP in (NP the past)) , (NP-SBJ Congress) (VP has (VP viewed (NP monitoring) (PP-CLR as (NP (NP an issue) (VP (ADVP best) handled (PP-LOC in (NP union negotiations))))))) .)) (TOP (S But (NP-SBJ-2 opponents) , (S-ADV (NP-SBJ *-2) (VP led (NP *) (PP by (NP-LGS the CWA)))) , (VP say (SBAR 0 (S (NP-SBJ-1 new laws) (VP are (VP needed (NP *-1) (SBAR-PRP because (S (S (NP-SBJ monitoring) (VP is (ADJP-PRD heavily concentrated (PP-LOC in (NP service industries))))) and (S (NP-SBJ-3 (NP 81 %) (PP of (NP monitored workers))) (VP are n't (VP represented (NP *-3) (PP by (NP-LGS unions)))))))))))) .)) (TOP (S (NP-SBJ The CWA) (VP claims (SBAR that (S (NP-SBJ monitoring) (VP (CONJP not only) (VP infringes (PP-CLR on (NP employee privacy))) , but (VP increases (NP stress)))))) .)) (TOP (S (NP-SBJ `` (NP-TTL (NP Nine) (PP to (NP Five))) , '' (NP (NP a Cleveland-based office workers organization) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP supports (NP the beeper bill))))) ,) (ADVP-TMP (NP six months) ago) (VP started (NP (NP a privacy hot line) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP receive (NP (NP reports) (PP of (NP alleged monitoring abuses))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP supporters) (PP of (NP the Dellums two-party consent bill))) (VP say (SBAR 0 (S (NP-SBJ-1 it) (VP is (VP needed (NP *-1) (PP-PRP because of (NP (NP a giant loophole) (PP-LOC in (NP the one-party consent law))))))))) .)) (TOP (S (ADVP-TMP Currently) , (SBAR-ADV if (S (NP-SBJ (NP the person) (VP taping)) (VP is (NP-PRD (NP a party) (PP to (NP the conversation)))))) , (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD all right) (S-1 (NP-SBJ *) (VP to (VP record (PP-MNR without (NP (NP the knowledge) (PP of (NP (NP the other person) (PP-LOC on (NP the line)))))))))) .)) (TOP (S -LRB- (S-NOM-SBJ (NP-SBJ *) (VP Intercepting (NP (NP other people 's) private conversations))) (VP is (ADJP-PRD (ADJP illegal) and (ADJP punishable (PP by (NP (NP (NP five years) (PP-LOC in (NP prison))) and (NP (NP fines) (PP of (NP $ 10,000 *U*)))))))) . -RRB-)) (TOP (S (NP-SBJ The electronics industry) (VP is (ADVP-MNR closely) (VP following (NP the Dellums bill))) .)) (TOP (S (NP-SBJ (NP (NP Some marketers) (PP of (NP surveillance gear))) -- (PP including (NP (NP Communication Control System Ltd.) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP owns (NP (NP the Counter Spy Shop) and (NP (NP others) (PP like (NP it))))))))) --) (ADVP already) (VP put (NP (NP warning labels) (VP *ICH*-1)) (PP-PUT in (NP their catalogs)) (VP-1 informing (NP customers) (PP-CLR of (NP the one-party law)))) .)) (TOP (S But (NP-SBJ vendors) (VP contend (SBAR that (S (NP-SBJ they) (VP ca n't (VP control (SBAR-NOM (WHADVP how) (S (NP-SBJ-2 their products) (VP are (VP used (NP *-2)))))))))) .)) (TOP (S (NP-SBJ Radio Shack) (VP says (SBAR 0 (S (NP-SBJ it) (VP has (NP (NP a policy) (PP against (S-NOM (NP-SBJ *) (VP selling (NP products) (SBAR-ADV if (S (NP-SBJ a salesperson) (VP suspects (SBAR 0 (S (NP-SBJ-1 they) (VP will (VP be (VP used (NP *-1) (ADVP-MNR illegally))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Everything) (VP sold (PP-LOC at (NP Radio Shack)))) (VP has (NP a legal purpose))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Bernard Appel) , (NP (NP president) (PP of (NP the Tandy Corp. subsidiary)))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR (SBAR 0 (S (NP-SBJ he) (VP has n't (ADVP yet) (VP studied (NP the Dellums bill))))) , but (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP requiring (NP (NP a beeping tone) (PP-LOC on (NP recorders))))) `` (VP would (VP be (ADJP-PRD ludicrous))))))) . '')) (TOP (S (ADVP Still) , (NP-SBJ Radio Shack) (VP is (ADJP-PRD aware (SBAR that (S (NP-SBJ (NP some) (PP of (NP its products))) (VP are (ADJP-PRD controversial)))))) .)) (TOP (S (ADVP-TMP (NP A few years) ago) , (NP-SBJ the company) (ADVP-MNR voluntarily) (VP stopped (VP selling (NP `` (NP-TTL The Big Ear) , '' (NP a powerful microphone)))) .)) (TOP (SINV (S-TPC-2 (PP With (NP its ability (S (NP-SBJ *) (VP to (VP pick (PRT up) (NP (NP rustlings) and (NP flapping wings))))))) , `` (NP-SBJ-1 it) (VP was (VP meant (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a toy) (PP for (NP children)) (PP for (NP bird watching))))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ Mr. Appel) .)) (TOP (S `` But (NP-SBJ we) (VP were (VP getting (NP (ADJP too many) complaints (SBAR that (S (NP-SBJ-1 people) (VP were (VP using (NP them) (S-CLR (NP-SBJ *-1) (VP to (VP eavesdrop (PP-CLR on (NP their neighbors)))))))))))) . '')) (TOP (S (NP-SBJ (NP The hottest rivalry) (PP-LOC in (NP the computer industry))) (VP intensified (ADVP-MNR sharply) (NP-TMP yesterday) (SBAR-ADV as (S (NP-SBJ-1 Digital Equipment Corp.) (VP announced (NP (NP its first line) (PP of (NP mainframe computers))) , (S-ADV (NP-SBJ *-1) (VP targeting (NP (NP International Business Machines Corp. 's) largest market))))))) .)) (TOP (S (NP-SBJ-1 IBM) (VP fired (PRT back) (PP with (NP (NP new mainframes) (PP of (NP its own)))) , (S-ADV (NP-SBJ *-1) (VP extending (NP the long-dominant 3090 line) (PP with (NP a (ADJP (QP 7 % to 14 %) *U*) power boost))))) .)) (TOP (S (PP-TMP Up (PP to (ADVP now))) , (NP-SBJ-1 (NP the intense competition) (PP between (NP IBM and Digital))) (VP has (VP been (VP confined (NP *-1) (PP-CLR (ADVP largely) to (NP (NP (NP the broad midrange) (PP of (NP the computer market))) , (SBAR-LOC (WHADVP-2 where) (S (NP-SBJ-3 Digital) (VP sought (S (NP-SBJ *-3) (VP to (VP exploit (NP (NP (NP IBM 's) weaknesses) (PP-LOC in (NP networking)))))) (ADVP-LOC *T*-2))))))))) .)) (TOP (S But (NP-SBJ (NP (NP Digital 's) move) (PP into (NP mainframes))) (VP will (VP target (NP (NP (NP IBM 's) home turf) , (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ it) (VP has (NP (NP a commanding (ADJP 70 %) share) (PP of (NP the market))) (ADVP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ (NP Digital) , (NP-LOC Maynard , Mass. ,)) (VP insisted (NP-TMP yesterday) (SBAR that (S (NP-SBJ its marketing focus) (VP would (VP differ (ADVP-EXT sharply) (PP-CLR from (NP IBM 's))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP is not (NP-PRD (NP your father 's) mainframe))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Allan McGuire) , (NP a Digital spokesman)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD a whole new generation))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP IBM) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP gets (NP (NP (QP about half) its revenue) and (NP (QP more than half) its profit)) (PP-CLR from (NP mainframes))))) ,) (ADVP also) (VP announced (NP (NP upgraded operating system software) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) , (ADVP together (PP with (NP the new hardware))) , (VP lets (S (NP-SBJ customers) (VP do (NP so-called batch processing) (ADVP-MNR (NP-ADV (QP as much as 60) %) faster)))))))) .)) (TOP (S (NP-SBJ Batch processing) (VP is (NP-PRD (NP the high-volume , single-job data processing) (SBAR (WHNP-1 that) (S (NP-SBJ most mainframes) (ADVP typically) (VP chug (PP-CLR through (NP *T*-1)) (PP-TMP at (NP night))))) , (PP such as (S-NOM (NP-SBJ *) (VP updating (NP accounts) (PP-LOC at (NP banks))))))) .)) (TOP (S (NP-SBJ IBM) (VP said (SBAR 0 (S (NP-SBJ the 16 new J and JH models) (VP will (ADVP generally) (VP be (ADJP-PRD available) (ADVP-TMP immediately) , (SBAR-ADV though (S (NP-SBJ three) (VP wo n't (VP ship (PP-TMP until (NP (NP (QP the third quarter)) (PP of (NP next year))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Prices) (PP on (NP the larger models))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP range (ADVP (ADVP as high) (PP as (NP (QP $ 13 million) *U*)))))) ,) (ADVP generally) (VP wo n't (VP change)) .)) (TOP (S (NP-SBJ (NP Small models) , (SBAR (WHNP-1 whose performance) (S (NP-SBJ *T*-1) (VP increased (NP-ADV (QP as much as 46) %)))) ,) (VP will (VP carry (NP higher prices))) .)) (TOP (S (NP-SBJ (NP Upgrades) (PP to (NP bigger models))) (ADVP also) (VP will (VP be (ADJP-PRD costlier))) .)) (TOP (S (NP-SBJ-1 (NP (NP Digital 's) VAX 9000 mainframes) , (SBAR (WHNP-2 which) (S (NP-SBJ it) (VP claimed (SBAR 0 (S (NP-SBJ *T*-2) (VP were (PP-PRD among (NP (NP the fastest) (ADJP available))))))))) ,) (VP were (VP priced (NP *-1) (PP (PP from (NP (QP $ 1.2 million) *U*)) (PP to (NP (QP $ 3.9 million) *U*))) , (ADVP (ADVP sharply lower) (PP than (NP (NP IBM models) (PP of (NP comparable power))))))) .)) (TOP (S (NP-SBJ The first models) (VP will (VP ship (PP-TMP in (NP the spring)) , (PP with (S-NOM (NP-SBJ the largest) (VP following (PP-TMP in (NP the fall))))))) .)) (TOP (S (NP-SBJ Analysts) (VP were (ADJP-PRD disappointed (SBAR that (S (NP-SBJ (NP Digital 's) new line) (ADVP apparently) (VP wo n't (VP contribute (NP much) (PP-CLR to (NP earnings)) (PP-TMP before (NP (NP the next fiscal year) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP begins (PP-TMP in (NP July))))))))))))) .)) (TOP (S (NP-SBJ (NP Jay Stevens) (PP of (NP Dean Witter Reynolds Inc.))) (VP said (SBAR 0 (S (NP-SBJ he) (VP may (VP cut (NP (NP his earnings estimate) (PP for (NP the current fiscal year))) (SBAR-PRP because (S (NP-SBJ he) (VP had (VP expected (NP (ADVP at least) some mainframe profit) (NP-TMP this year)))))))))) .)) (TOP (S But (NP-SBJ he) (VP added (SBAR that (S (NP-SBJ-1 he) (VP expected (S (NP-SBJ *-1) (VP to (VP raise (NP (NP his estimate) (PP for (NP fiscal 1991))) (PP-TMP at (NP the same time))))))))) .)) (TOP (S (PP-TMP After (NP the announcement)) (NP-TMP yesterday) , (NP-SBJ-1 Digital shares) (VP gained (NP $ 1.25 *U*) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-LOC-CLR at (NP $ 89.875 *U*))))) (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (S (NP-SBJ IBM shares) (VP closed (PP-LOC-CLR at (NP (NP $ 103 *U*) , (ADVP down (NP 50 cents)) ,)) (PP-LOC in (NP Big Board trading))) .)) (TOP (S (NP-SBJ Analysts) (VP have (VP predicted (NP (NP strong pent-up demand) (PP for (NP the new line)) (PP among (NP (NP Digital 's) customers))))) .)) (TOP (S (NP-SBJ Large Digital buyers) (VP say (SBAR 0 (S (NP-SBJ the new VAX) (VP will (VP let (S (NP-SBJ them) (VP stay (PP-CLR with (NP Digital)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP need (NP (NP the power) (PP of (NP a mainframe))) (ADVP-TMP *T*-1)))) , (PP instead of (S-NOM (NP-SBJ *) (VP turning (PP-DIR to (NP IBM)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP 'm (ADJP-PRD convinced (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD (NP a huge market) (PP for (NP this machine))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Stephen Smith) (PP of (NP PaineWebber Inc))) .)) (TOP (S (NP-SBJ-1 Digital) (ADVP also) (VP plans (S (NP-SBJ *-1) (VP to (VP compete (ADVP-MNR fiercely) (PP-CLR with (NP IBM)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP the giant 's) customers) (VP are (VP computerizing (NP (NP new aspects) (PP of (NP their businesses))) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ-2 Digital) , (ADVP however) , (VP does n't (VP expect (S (NP-SBJ *-2) (VP to (VP displace (NP (NP IBM mainframes) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADVP already) (VP installed (PP-LOC at (NP big companies)))))))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP commercial markets)))) , (NP-SBJ (NP Digital 's) new line) (VP targets (NP (NP the low end) (PP of (NP the (UCP engineering and scientific) supercomputer market))) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP 's (VP packaged (PP with (NP (NP an optional supercharger) , (VP known (NP *) (PP-CLR as (NP a vector processor))))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP (NP Digital 's) push) (PP into (NP mainframes))) (VP comes (PP-TMP at (NP (NP a time) (SBAR (WHADVP-3 when) (S (NP-SBJ its mainstay minicomputer line) (VP is (PP-PRD under (NP (NP growing pressure) (PP from (NP (NP smaller personal computers) and (NP (NP workstations) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP operate (PP (PP on (NP standard operating systems)) (CONJP rather than) (PP on (NP (NP the proprietary systems) (SBAR (WHNP-2 that) (S (NP-SBJ older minicomputers) (VP use (NP *T*-2))))))))))))))) (ADVP-TMP *T*-3))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Digital) (VP has (VP staked (PRT out) (NP (NP a major presence) (PP-LOC in (NP the booming workstation market))))))) , (NP-SBJ (NP profit margins) (PP-LOC in (NP that market))) (VP are (ADJP-PRD (ADJP much slimmer) (PP than (PP for (NP mainframes))))) .)) (TOP (S (NP-SBJ The slow-growing mainframe market) (ADVP also) (VP has (VP shown (NP (NP new signs) (PP of (NP life))) (ADVP-TMP lately))) .)) (TOP (S (NP-SBJ (NP IBM 's) mainframe sales) (VP have (VP held (PRT up) (ADVP (ADVP better) (SBAR than (FRAG (VP expected)))) (NP-TMP this year) , (PP with (S-NOM (NP-SBJ analysts) (VP estimating (SBAR 0 (S (NP-SBJ they) (VP have (VP risen (NP-ADV (QP 10 % to 12 %) *U*)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Demand) (PP for (NP these systems))) (VP has (VP been (ADJP-PRD very , very strong)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Bill Grabe) , (NP a senior IBM marketing executive)) .)) (TOP (S `` (NP-SBJ We) (VP have (NP (NP a good strong backlog) (PP for (NP the fourth quarter))) (PP (ADVP even) without '' (NP (NP the systems) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were (VP announced (NP *-1) (NP-TMP yesterday)))))))) .)) (TOP (S But (S (NP-SBJ the 3090 line) (VP is (ADJP-PRD (ADJP (NP (QP nearly five) years) old) -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP getting (ADVP-PRD up there) (PP in (NP mainframe years)))))) --))) and (S (NP-SBJ-2 its growth) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP slow (PP-TMP in (NP 1990)))))))) .)) (TOP (S (NP-SBJ (NP IBM) , (NP-LOC Armonk , N.Y.) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP wanted (S (NP-SBJ-2 *-1) (VP to (VP bring (PRT out) (NP the mainframes) (ADVP-TMP as soon (SBAR as (S (NP-SBJ it) (VP could (VP *?*))))) (S-PRP (NP-SBJ *-2) (VP to (VP spark (NP (NP (ADJP as many) sales) (PP as (ADJP possible))) (PP-TMP by (NP (NP the end) (PP of (NP the year)))))))))))))) .)) (TOP (S (NP-SBJ The fourth quarter) (VP is (ADVP-TMP always) (NP-PRD (NP (NP IBM 's) biggest) (PP by (ADVP far))) , (PP with (S-NOM (NP-SBJ most sales) (VP coming (PP-TMP in (NP December)) (SBAR-ADV as (S (NP-SBJ-1 customers) (VP seek (S (NP-SBJ *-1) (VP to (VP use (NP budgets) (PP-TMP before (NP year end)))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP Steve Cohen) , (NP (NP an analyst) (PP-LOC at (NP SoundView Financial Group Inc.))) ,) (VP said , `` (S (NP-SBJ I) (VP do n't (VP see (SBAR that (S (NP-SBJ-1 this) (VP will (VP be (ADJP-PRD sufficient (S (NP-SBJ *-1) (VP to (VP give (NP IBM) (NP a significant kick) (PP-TMP in (NP the fourth quarter)))))))))))))) . '')) (TOP (S (NP-SBJ IBM) (VP has (ADVP already) (VP indicated (SBAR 0 (S (NP-SBJ it) (VP will (VP have (NP problems) (PP-TMP in (NP the quarter)) , (UCP-PRP (PP (ADVP partly) because of (NP (NP a delay) (PP in (S-NOM (NP-SBJ *) (VP shipping (NP a high-end disk drive)))))) and (SBAR (ADVP partly) because (S (NP-SBJ the strong dollar) (VP will (VP cut (ADVP-EXT significantly) (NP (NP the value) (PP of (NP (NP IBM 's) overseas earnings)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 *) (VP translated (NP *-1) (PP-CLR into (NP dollars)) (ADVP-TMP *T*-2)))))))))))))))) .)) (TOP (S (NP-SBJ Some analysts) (VP have (VP estimated (SBAR 0 (S (NP-SBJ (NP IBM 's) fourth-quarter per-share earnings) (VP will (VP fall (NP-ADV 10 %) (PP-DIR to (NP (NP $ 3.57 *U*) (NP-ADV a share))) (PP-DIR from (NP (NP $ 3.97 *U*) (NP-ADV a share)) (ADVP-TMP (NP a year) earlier)))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP the new mainframe hardware and software)))) , (NP-SBJ IBM) (VP announced (NP (NP a magnetic-tape system) (PP for (NP data storage)) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ *T*-1) (VP (VP occupies (NP (NP (QP half as much) floor space) (PP as (NP older systems)))) but (VP can (VP store (NP (QP five times as much) data) (PP-LOC-CLR on (NP a single cartridge)))))))))))) .)) (TOP (S (NP-SBJ That) (VP should (VP help (S (NP-SBJ IBM) (VP address (NP (NP the damage) (SBAR (WHNP-1 that) (S (NP-SBJ a resurgent Storage Technology Corp.) (VP has (VP inflicted (NP *T*-1) (PP-LOC in (NP that market))))))))))) .)) (TOP (S (NP-SBJ Concord Camera Corp.) (VP completed (NP (NP the acquisition) (PP of (NP (NP Peter Bauser G.m.b . H.) , (NP a (ADJP West German) photographic products distributor))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Concord) (VP is (NP-PRD a camera and photographic products company)) .)) (TOP (S (NP-SBJ The Navy) (VP awarded (NP (NP Litton Industries Inc. 's) Ingalls Shipbuilding division) (NP (QP $ 15.5 million) *U*) (PP-CLR for (NP (NP shipyard services) (PP on (NP the Aegis cruiser program))))) .)) (TOP (S (NP-SBJ The award) (VP exercises (NP a Navy option (S (NP-SBJ *) (VP to (VP extend (NP (NP a contract) (VP given (NP *) (PP-TMP in (NP 1984))))))))) .)) (TOP (S (S (NP-SBJ The White House) (VP called (PP-CLR on (NP-1 Congress)) (S (NP-SBJ *-1) (VP to (VP attach (NP the proposed capital-gains tax cut) (PP-CLR to (NP its final deficit-reduction bill))))))) , but (S (NP-SBJ-2 lawmakers) (VP seem (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP balk (PP-CLR at (NP the idea)))))))) .)) (TOP (S (NP-TMP Earlier this month) , (NP-SBJ the White House) (VP endorsed (S (NP-SBJ *) (VP stripping (NP the controversial tax measure) (PP-CLR from (NP the bill)))) (SBAR-ADV so that (S (NP-SBJ Congress) (VP could (VP pass (ADVP-MNR quickly) (NP (NP a `` clean '' bill) (VP containing (ADVP only) (NP (NP provisions) (VP (ADVP-MNR specifically) designed (NP *) (S-PRP-CLR (NP-SBJ *) (VP to (VP meet (NP (NP federal budget targets) (PP under (NP the Gramm-Rudman act))))))))))))))) .)) (TOP (S But (ADVP-TMP now (SBAR that (S (NP-SBJ Congress) (VP has (VP missed (NP (NP the legal deadline) (PP for (S-NOM (NP-SBJ *) (VP meeting (NP the Gramm-Rudman targets)))))))))) , (NP-SBJ the White House) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP returned (PP-CLR to (NP its original view (SBAR that (S (NP-SBJ a capital-gains cut) (VP should (VP be (NP-PRD (NP part) (PP of (NP (NP the deficit-reduction bill) , (SBAR (WHPP-1 on (WHNP which)) (S (NP-SBJ-2 Congress) (VP continues (S (NP-SBJ *-2) (VP to (VP work (PP-CLR *T*-1))))))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ that) (VP does n't (VP happen)))) , then (NP-SBJ we) (VP press (ADVP-DIR forward) (PP-CLR on (NP (NP another vehicle) and (NP a separate vote))))) , '' (VP said (S *T*-1)) (NP-SBJ press secretary Marlin Fitzwater) .)) (TOP (S (PP-LOC On (NP Capitol Hill)) , (ADVP though) , (NP-SBJ-1 there) (VP does n't (VP seem (S (NP-SBJ *-1) (VP to (VP be (NP-PRD sufficient sentiment (S (NP-SBJ *) (VP to (VP pair (NP (NP capital gains) and (NP the deficit-reduction bill))))))))))) .)) (TOP (S (NP-SBJ (NP Texas Rep. William Archer) , (NP (NP the ranking Republican) (PP-LOC on (NP the House Ways and Means Committee)))) (VP said , `` (S (NP-SBJ I) (VP do n't (VP see (SBAR (WHADVP-1 how) (S (NP-SBJ we) (VP have (NP the votes '' (S (NP-SBJ *) (VP to (VP place (NP a capital-gains tax cut) (ADVP-CLR there))))) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ President Bush) (VP stepped (PRT up) (NP (NP his personal lobbying) (PP for (NP the capital-gains tax cut)))) .)) (TOP (S (NP-SBJ The White House) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP hold (NP (NP a series) (PP of (NP (NP private White House meetings) , (PP (ADVP mostly) with (NP Senate Democrats)) ,))) (S-PRP (NP-SBJ-3 *-2) (VP to (VP try (S (NP-SBJ *-3) (VP to (VP persuade (NP-4 lawmakers) (S (NP-SBJ *-4) (VP to (VP fall (PP-CLR in (NP line)) (PP-LOC-CLR behind (NP the tax cut)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The first meeting) (NP-TMP yesterday)) (VP was (PP-PRD with (NP (NP 10 Senate Democrats) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP expressed (NP (NP an interest) (PP in (S-NOM (NP-SBJ *) (VP cutting (NP the tax)))))))))))) .)) (TOP (S (PP According (PP to (NP (NP some) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP attended)))))) , (NP-SBJ the senators) (VP argued (SBAR that (S (NP-SBJ-2 the president) (VP should (VP give (NP (NP the Democratic leaders) (PP-LOC in (NP Congress))) (NP (NP a victory) (PP of (NP their own))) (S-PRP (NP-SBJ *-2) (VP to (VP compensate (NP them) (PP-CLR for (S-NOM (NP-SBJ *) (VP allowing (S (NP-SBJ the president) (VP to (VP win (PP on (NP the controversial capital-gains issue)))))))))))))))) .)) (TOP (SINV (NP-PRD-TPC-1 (NP Issues) (VP discussed (NP *) (PP-LOC in (NP this context)))) (VP were (NP-PRD *T*-1)) (NP-SBJ (NP (NP an increase) (PP-LOC in (NP the minimum wage))) and (NP (NP an increase) (PP-LOC in (NP child-care spending)))) .)) (TOP (S (NP-SBJ-1 The president) (VP was (VP said (S (NP-SBJ *-1) (VP to (VP have (VP been (ADJP-PRD noncommittal))))))) .)) (TOP (S (NP-SBJ Toshiba Corp.) (VP said (SBAR 0 (S (NP-SBJ-2 its new French marketing concern) (VP has (VP started (S (NP-SBJ *-2) (VP operating (PP-MNR under (NP (NP the aegis) (PP of (NP (NP (NP the company 's) (ADJP West German) subsidiary) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP formerly) (VP handled (NP (NP all sales) (PP of (NP Toshiba electronic products)) (PP-LOC in (NP France))))))))))))))))) .)) (TOP (S (NP-SBJ (NP A recent change) (PP-LOC in (NP French law))) , (PP according (PP to (NP Toshiba))) , (VP permitted (NP (NP formation) (PP of (NP the semiconductor marketing arm)) (PP-LOC in (NP Paris)))) .)) (TOP (S (NP-SBJ American Telephone & Telegraph Co.) (VP unveiled (NP (NP new optical transmission systems) (PP for (NP data , video and voice communications)))) .)) (TOP (S-3 (S (NP-SBJ (NP Two products) (PP-LOC in (SBAR-NOM (WHNP-2 what) (S (NP-SBJ the telecommunications giant) (VP called (S (NP-SBJ *T*-2) (NP-PRD (NP a new generation) (PP of (NP such equipment))))))))) (VP are (ADJP-PRD available) (ADVP-TMP now))) (PRN , (S (NP-SBJ AT&T) (VP said (SBAR 0 (S *T*-3)))) ,) and (S (NP-SBJ-1 three others) (VP will (VP be (VP introduced (NP *-1) (PP-TMP in (NP 1990 and 1991)))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 The products) (VP are (VP aimed (NP *-1) (PP-CLR at (NP (NP a market) (VP expected (S (NP-SBJ *) (VP to (VP total (NP (NP (QP more than $ 1 billion) *U*) (NP-ADV a year) (PP in (NP sales))) (PP-TMP by (NP 1995))))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Morgan Buchner Jr.) , (NP (NP vice president) (PP of (NP transmission systems)) (PP for (NP AT&T)))) .)) (TOP (S (NP-SBJ (NP The products) (ADJP already available)) (VP are (NP-PRD (NP cross-connect systems) , (VP used (NP *) (PP instead of (NP (NP mazes) (PP of (NP wiring)))) (S-CLR (NP-SBJ *) (VP to (VP interconnect (NP other telecommunications equipment))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ This) (VP cuts (PRT down) (ADVP-EXT greatly) (PP-CLR on (NP labor)))) , (NP-SBJ Mr. Buchner) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (SINV (S-TPC-5 (NP-SBJ-1 *-6) (VP To (VP be (VP introduced (NP *-1) (ADVP-TMP later))))) (VP are (S *T*-5)) (NP-SBJ-6 (NP (NP a multiplexer) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP will (VP allow (S (NP-SBJ several signals) (VP to (VP travel (PP-DIR along (NP a single optical line)))))))))) ; (NP (NP a light-wave system) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP carries (NP voice channels))))) ; and (NP (NP a network controller) , (SBAR (WHNP-4 which) (S (NP-SBJ *T*-4) (VP directs (NP data flow) (PP-DIR through (NP cross-connect systems))))))) .)) (TOP (S (NP-SBJ AT&T) (VP said (SBAR 0 (S (NP-SBJ the products) , (PP unlike (NP previous generations)) , (VP will (VP meet (NP (NP so-called Sonet compatability standards) , (SBAR (WHNP-1 which) (S (NP-SBJ AT&T) (VP expects (S (NP-SBJ-2 *T*-1) (VP to (VP be (VP (ADVP broadly) adopted (NP *-2)))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Sonet) , or (NP synchronous optical network) ,) products) (VP have (NP (NP more capacity) (PP than (NP earlier models)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ These products) (VP are (NP-PRD (NP the heart) (PP of (NP our transmission-product line))))) , '' (NP-SBJ Mr. Buchner) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-2 He) (VP (VP declined (S (NP-SBJ *-2) (VP to (VP disclose (NP specific prices))))) , but (VP said (SBAR 0 (S (NP-SBJ each product) (VP costs (PP-LOC in (NP (NP (NP the tens) (PP of (NP thousands)) (PP *RNR*-1)) , or even (NP (NP hundreds) (PP of (NP thousands)) (PP *RNR*-1)) , (PP-1 of (NP dollars))))))))) .)) (TOP (S (NP-SBJ AT&T) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP expects (S (NP-SBJ *-2) (VP to (VP beat (PP-DIR to (NP the marketplace)) (NP (NP two rivals) , (NP (NP (NP Northern Telecom Ltd.) (PP of (NP Canada))) and (NP (NP (NP France 's) Alcatel N.V.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP have (VP announced (NP Sonet-based products))))))))))))))) .)) (TOP (S (NP-SBJ AT&T) (VP predicted (NP (NP strong growth) (PP-LOC in (NP (NP demand) (PP for (NP such products)))))) .)) (TOP (S (NP-SBJ It) (VP noted (SBAR that (S (NP-TMP last July) , (NP-SBJ (NP Nippon Telegraph & Telephone Corp.) (PP of (NP Japan))) (VP selected (NP (NP AT&T) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP supply (NP (NP (QP $ 154 million) *U*) (PP of (NP such equipment))) (PP-TMP over (NP (NP a four-year period) (VP starting (NP-TMP next year))))))))))))) .)) (TOP (S (NP-SBJ (NP Law firms) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP feasted and grown (PP-CLR on (NP (NP the revenue) (PP from (NP mergers and acquisitions work))))))))) (VP are (VP feeling (NP the squeeze) (SBAR-TMP as (S (NP-SBJ that work) (VP declines))))) .)) (TOP (S (NP-SBJ (NP The disarray) (PP-LOC in (NP the junk-bond market)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP began (NP-TMP last month) (PP with (NP (NP (NP a credit crunch) (PP-LOC at (NP Campeau Corp.))) and (NP (NP the failure (S *ICH*-2)) (PP of (NP banks)) (S-2 (NP-SBJ *) (VP to (VP deliver (NP (NP financing) (PP for (NP (NP a leveraged buy-out) (PP of (NP United Airlines parent UAL Corp.))))))))))))))) (VP has (VP reverberated (PP through (NP (NP some) (PP of (NP (NP the nation 's) largest law firms)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ it) (VP is (ADVP still) (ADJP-PRD too early (S (NP-SBJ *) (VP to (VP tell (SBAR whether (S (NP-SBJ (NP the dearth) (PP of (NP takeover activity))) (VP is (ADJP-PRD only temporary))))))))))) , (NP-SBJ many lawyers) (VP say (SBAR 0 (S (NP-SBJ their firms) (VP are (VP bracing (PP-CLR for (NP (NP lower revenue) (PP from (NP (NP merger work) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (ADJP-PRD so lucrative) (PP-TMP in (NP the past))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Much) (PP of (NP this work))) (VP (VP was (VP done (PP-CLR for (NP (NP higher fees) (PP than (NP other legal work)))))) and (VP was not (ADVP generally) (VP billed (NP *-1) (PP-MNR by (NP the hour))))) .)) (TOP (SINV (S-TPC-3 (SBAR-ADV If (S (S (NP-SBJ deals) (VP take (ADVP-CLR longer) (S-CLR (NP-SBJ *) (VP to (VP complete (NP *?*)))))) and (S (NP-SBJ there) (VP are (NP-PRD (NP fewer) (PP of (NP them)) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1)))))))))) , `` (NP-SBJ you) (VP ca n't (VP bill (NP (NP the same kind) (PP of (NP premium)) (PP as (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ deals) (VP took (NP a few weeks) (PP (PP from (NP start)) (PP to (NP finish))) (ADVP-TMP *T*-2))))))))) , '' (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP one lawyer) (PP-LOC at (NP a large New York firm))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ We) (VP 're (VP planning (PP-CLR on (NP a rip-roaring year)) (PP-TMP in (NP 1989))))) , but (S (NP-TMP next year) (NP-SBJ we) (VP 'll (VP be (NP-PRD another story))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Robert Freedman) , (NP (NP a partner) (PP-LOC at (NP Simpson Thacher & Bartlett)))) .)) (TOP (S `` (NP-SBJ We) (VP 're (VP settling (PRT down) (PP-CLR to (NP a (ADJP less active) period)))) . '')) (TOP (S (NP-SBJ (NP Lawyers) (PP-LOC at (NP (NP such firms) (PP as (NP (NP Sullivan & Cromwell) ; (NP Willkie Farr & Gallagher) ; (NP Wachtell , Lipton , Rosen & Katz) ; and (NP Fried , Frank , Harris , Shriver & Jacobson)))))) all (VP say (SBAR 0 (S (NP-SBJ they) , (ADVP too) , (VP have (VP experienced (NP a significant slowdown) , (PP-TMP (ADVP particularly) during (NP the past few weeks))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-2 Everyone) (VP is (VP waiting (S (NP-SBJ *-2) (VP to (VP see (SBAR (SBAR if (S (NP-SBJ-1 deals) (VP can (VP be (VP done (NP *-1) (PP-LOC-CLR at (NP sensible prices))))))) and (SBAR if (S (NP-SBJ money) (VP is (ADJP-PRD available))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Jack Nusbaum) , (NP (NP co-chairman) (PP of (NP Willkie Farr)))) .)) (TOP (S `` (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP know (ADVP-TMP right now) (SBAR if (S (NP-SBJ the change) (VP is (ADJP-PRD fundamental or cyclical)))))))) . '')) (TOP (S (NP-SBJ Some lawyers) (VP say (SBAR 0 (S (NP-SBJ-2 the slump) , (SBAR-ADV while (S (NP-SBJ *-2) (ADJP-PRD more obvious) (PP-TMP in (NP recent weeks)))) , (VP began (NP-TMP earlier this year))))) .)) (TOP (S (NP-SBJ (NP Dennis Block) , (NP (NP a partner) (PP-LOC at (NP (NP the New York firm) (PP of (NP Weil , Gotshal & Manges))))) ,) (VP said (SBAR that (S (PP-TMP in (NP (NP the first eight months) (PP of (NP this year)))) , (NP-SBJ-1 89 hostile offers) (VP were (VP launched (NP *-1) , (PP compared (PP with (NP (NP 157) (PP for (NP (NP the first eight months) (X of))))))))))))) (TOP (S-2 (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD more)))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) , ``) (S (NP-SBJ transactions) (VP are (VP taking (NP a (ADJP much longer) time) (S-CLR (NP-SBJ *) (VP to (VP conclude (NP *?*))))))) and (S (NP-SBJ many) (VP fall (PRT apart) (PP-PRP for (NP (NP (NP lack) (PP of (NP financing))) '' and (NP (NP (ADJP more stringent) scrutiny) (PP by (NP state courts))))))) .)) (TOP (S (NP-SBJ Lawyers) (ADVP also) (VP say (SBAR 0 (S (NP-SBJ (NP an erratic stock market) and (NP uncertain financing conditions)) (VP have (ADVP-EXT sharply) (VP reduced (NP (NP the number) (PP of (NP lucrative big deals)) (ADJP likely (S (NP-SBJ-1 *) (VP to (VP be (VP proposed (NP *-1)))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ some lawyers) (VP say (SBAR 0 (S (NP-SBJ the mergers slowdown) (VP has n't (VP affected (NP foreign buyers) (ADVP-EXT (ADVP as much) (PP as (NP domestic ones)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (ADVP just) (VP took (NP another floor) (PP for (NP our London offices)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Joseph Flom) (PP of (NP (NP the New York firm) (PP of (NP Skadden , Arps , Slate , Meagher & Flom))))) .)) (TOP (S (NP-SBJ Davis Polk & Wardwell) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ its international clients) (VP are (VP keeping (S (NP-SBJ mergers and acquisitions partners) (ADJP-PRD busy))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 European companies) (VP are (VP looking (S (NP-SBJ *-1) (VP to (VP buy (NP American ones))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Henry King) , (NP (NP the managing partner) (PP-LOC at (NP that firm)))) .)) (TOP (S `` But (NP-SBJ the question) (VP is (SBAR-PRD whether (S (NP-SBJ (NP things) (SBAR (WHNP-1 0) (S (NP-SBJ people) (VP are (VP looking (PP-CLR at (NP *T*-1))))))) (VP will (ADVP actually) (VP surface (PP-LOC in (NP live transactions)) (PP in (NP (NP light) (PP of (NP the current market conditions))))))))) . '')) (TOP (S-HLN (NP-SBJ MURDER THREAT) (VP charged (PP-LOC in (NP Haas Securities Corp . stock-manipulation trial))) .)) (TOP (S (PP-LOC In (NP (NP the trial) (PP of (NP former Haas Securities Chairman Eugene Laff)))) , (NP-SBJ the defense) (VP accused (NP-1 (NP one) (PP of (NP (NP the government 's) chief witnesses))) (PP-CLR of (S-NOM (NP-SBJ-2 *-1) (VP threatening (S (NP-SBJ *-2) (VP to (VP kill (NP Mr. Laff)))))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Laff 's) attorney) , (NP John Lang) ,) (VP filed (NP (NP a memorandum) (VP asking (SBAR that (S (NP-SBJ the trial record) (VP include (NP (NP a (ADJP secretly taped) conversation) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ (NP the witness) , (NP Henry Lorin) ,) (VP told (NP a Haas stockbroker) (SBAR that (S (NP-SBJ-1 Mr. Laff) (VP should (VP be (VP killed (NP *-1)))))) (PP-LOC *T*-2))))))))))) .)) (TOP (S (NP-SBJ-1 The conversation) (VP was (VP taped (NP *-1) (PP by (NP-LGS federal investigators)) (PP in (SBAR-NOM (WHNP-2 what) (S (NP-SBJ Mr. Lang) (VP said (S (NP-SBJ *T*-2) (VP was (NP-PRD an effort (S (NP-SBJ *) (VP to (VP get (S (NP-SBJ Mr. Lorin) (VP to (VP implicate (NP Mr. Laff)))))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP his opening arguments))) (NP-TMP last week) (PP-LOC in (NP (NP federal court) (PP-LOC in (NP New York)))) , (NP-SBJ Mr. Lang) (VP told (NP the jury) (SBAR (SBAR that (S (NP-SBJ Mr. Lorin) (VP was (NP-PRD (NP the `` real master criminal '') (PP behind (NP the stock manipulation)))))) , and (SBAR that (S (NP-SBJ Mr. Laff) (VP knew (NP nothing) (PP-CLR about (NP it))))))) .)) (TOP (S (PP-TMP In (NP March)) , (NP-SBJ-1 Mr. Laff) (VP was (VP indicted (NP *-1) (PP-CLR on (NP (NP 15 counts) (PP of (NP (NP conspiracy) , (NP mail and securities fraud) , and (S-NOM (NP-SBJ *) (VP obstructing (NP (NP an investigation) (PP by (NP the Securities and Exchange Commission))))))))))) .)) (TOP (S (NP-SBJ The government) (VP has (VP charged (SBAR that (S (NP-SBJ (NP Mr. Lorin) and (NP Mr. Laff)) (VP were (NP-PRD (NP part) (PP of (NP a conspiracy (S (NP-SBJ *) (VP to (VP maintain (NP (NP the prices) (PP of (NP certain stocks))) (PP-LOC-CLR at (NP (ADJP artificially high) prices))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Lorin) , (NP a stock promoter) ,) (VP (VP pleaded (ADJP guilty) (PP-CLR to (NP the stock-manipulation charges)) (PP-TMP in (NP April))) and (VP agreed (S (NP-SBJ *-1) (VP to (VP cooperate (PP-CLR with (NP (NP (NP the government 's) investigation) (PP of (NP Mr. Laff))))))))) .)) (TOP (S (PP-TMP During (NP (NP his cross examination) (PP of (NP Mr. Lorin)))) , (NP-SBJ Mr. Lang) (VP read (PP-CLR from (NP (NP the transcripts) (PP of (NP (NP a conversation) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP was (VP taped (NP *-1) (NP-TMP Oct. 20 , 1988)))))))))) .)) (TOP (S (NP-SBJ-3 (NP Stanley Aslanian) , (NP (NP the Haas broker) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP agreed (S (NP-SBJ *-2) (VP to (VP carry (NP a hidden microphone) (PP-TMP during (NP the conversation))))))))) ,) (ADVP also) (VP has (VP (VP pleaded (ADJP guilty) (PP-CLR to (NP conspiracy (S (NP-SBJ *) (VP to (VP commit (NP securities violations) (PP-LOC in (NP the stock manipulation)))))))) and (VP agreed (S (NP-SBJ *-3) (VP to (VP cooperate)))))) .)) (TOP (S (PP According (PP to (NP the transcript))) , (NP-SBJ Mr. Lorin) (VP said (SBAR 0 (S (NP-SBJ-1 Mr. Laff) (VP should (VP be (VP killed (NP *-1)))))) (SBAR-TMP after (S (NP-SBJ Mr. Aslanian) (VP told (NP him) (SBAR that (S (NP-SBJ (NP information) (VP given (NP *) (PP-DTV to (NP Mr. Laff)) (PP by (NP-LGS another conspirator)))) (VP could (VP jeopardize (NP the stock scheme))))))))) .)) (TOP (S (S (NP-SBJ Mr. Lorin) (ADVP-TMP then) (VP repeated (NP the threat))) , and (S (NP-SBJ Mr. Aslanian) (VP urged (NP-1 him) (S (NP-SBJ *-1) not (VP to (VP say (NP such things)))))) .)) (TOP (S (PP From (NP (NP the parts) (PP of (NP the transcript)) (VP read (NP *) (PP by (NP-LGS Mr. Lang))))) , (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP was (ADJP-PRD unclear) (SBAR-2 (WHNP-1 (WHNP what) (ADVP exactly)) (S (NP-SBJ Mr. Lorin) (VP feared (SBAR 0 (S (NP-SBJ *T*-1) (VP might (VP happen)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-3 *-1) (VP asked (NP *-3) (PP-CLR for (NP (NP a copy) (PP of (NP the transcript)))) (ADVP-TMP *T*-2)))) , (NP-SBJ-1 Mr. Lang) (VP said (SBAR 0 (S (NP-SBJ Judge Thomas P. Griesa) (VP had (VP instructed (NP-4 him) (S (NP-SBJ *-4) not (VP to (VP release (NP (NP it) or (NP the memorandum)))))))))) .)) (TOP (S (PP-TMP During (NP the trial)) , (NP-SBJ Mr. Lang) (VP asked (NP Mr. Lorin) (SBAR whether (S (NP-SBJ he) (VP had (VP been (ADJP-PRD so upset `` (SBAR that (S (NP-SBJ-1 you) (VP considered (S (NP-SBJ *-1) (VP killing (NP Mr. Laff)))))))))) ?)) ...)) (TOP (SQ Is n't (NP-SBJ (NP it) (SBAR *EXP*-3)) (ADJP-PRD true) (SBAR-3 that (S (NP-SBJ you) (VP were (ADJP-PRD so worked (PRT up) (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP framing (NP Mr. Laff) (PP-CLR for (NP this crime)))) (VP was (NP-PRD (NP the least) (SBAR (WHNP-4 that) (S (NP-SBJ you) (VP planned (NP *T*-4) (PP-CLR for (NP him))))))))))))) ? '')) (TOP (S (NP-SBJ Mr. Lorin) (VP responded , `` (INTJ No)) . '')) (TOP (S (SBAR-TPC (WHADVP-1 When) (S (NP-SBJ Mr. Lang) (VP asked (NP Mr. Lorin) (SBAR whether (S (NP-SBJ he) (VP had (VP taken (NP (NP steps) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP have (S (NP-SBJ Mr. Laff) (VP killed)) (ADVP-MNR *T*-2)))))))))) (ADVP-TMP *T*-1)))) , (NP-SBJ the witness) (ADVP again) (VP said (INTJ no)) .)) (TOP (S (NP-SBJ-1 (NP Peter Lieb) , (NP (NP the assistant U.S. attorney) (VP prosecuting (NP the case))) ,) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the trial)))))) .)) (TOP (S-HLN (NP-SBJ (NP TRUSTEE) (SBAR (WHNP-1 WHO) (S (NP-SBJ *T*-1) (VP MONITORED (NP (NP settlement payments) (PP to (NP Dalkon Shield claimants))))))) (VP quits) .)) (TOP (S (NP-SBJ-1 (NP Stephen A. Saltzburg) , (NP (NP one) (PP of (NP (NP five trustees) (VP appointed (S (NP-SBJ *) (VP to (VP monitor (NP (NP payments) (PP to (NP (NP women) (VP injured (NP *) (PP by (NP-LGS the Dalkon Shield intrauterine contraceptive))))))))))))) ,) (VP resigned , (S-ADV (NP-SBJ *-1) (VP citing (NP personal reasons)))) .)) (TOP (S (NP-SBJ (NP Mr. Saltzburg) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP teaches (NP evidence) (PP-LOC at (NP (NP the (NAC University (PP of (NP Virginia))) School) (PP of (NP Law))))) and (VP was (NP-PRD (NP a deputy assistant attorney general) (PP-LOC in (NP the U.S. Justice Department))) (PP-TMP until (NP August)))))) ,) (VP submitted (NP his resignation) (NP-TMP earlier this month) (PP-CLR to (NP (NP federal Judge Robert R. Merhige Jr.) , (PP-LOC in (NP Richmond , Va))))) .)) (TOP (S (NP-SBJ Judge Merhige) (VP is (VP overseeing (NP (NP the bankruptcy-law reorganization) (PP of (NP (NP A.H. Robins Co.) , (NP (NP the company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP manufactured (NP the shield)))))))))) .)) (TOP (S (PP-LOC In (NP (NP a letter) (NP-TMP Monday) (PP to (NP Mr. Saltzburg)))) , (NP-SBJ the judge) (VP said (SBAR 0 (S (NP-SBJ he) (VP would `` (ADVP-MNR reluctantly) '' (VP accept (NP the resignation)))))) .)) (TOP (S (NP-SBJ-1 The (ADJP (QP $ 2.38 billion) *U*) Dalkon Shield Claimants Trust) (VP was (VP established (NP *-1) (PP-MNR as (NP (NP part) (PP of (NP (NP A.H. Robins ') bankruptcy-reorganization plan)))) (S-PRP (NP-SBJ *) (VP to (VP resolve (NP (NP injury claims) (VP arising (PP-CLR from (NP (NP use) (PP of (NP the shield))))))))))) .)) (TOP (S (NP-SBJ-1 American Home Products Corp.) (VP proposes (S (NP-SBJ *-1) (VP to (VP acquire (NP the company))))) .)) (TOP (S (NP-SBJ (NP The remaining four trustees) (PP on (NP the Claimants Trust))) (VP have (NP (NP 60 days) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP nominate (NP (NP a successor) (PP to (NP Mr. Saltzburg))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ Judge Merhige) (VP will (VP make (NP the appointment))) .)) (TOP (S-HLN (NP-SBJ CHICAGO LAW FIRM) (VP recruits (NP American Express Co. vice president)) :)) (TOP (S (NP-SBJ Coffield Ungaretti Harris & Slavin) (VP brought (PRT in) (NP Howard A. Menell) (PP-CLR as (NP (NP a partner) (PP-LOC in (NP (NP its Washington , D.C. , office) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP opened (NP-TMP Oct. 1))))))))) .)) (TOP (S (PP-TMP For (NP the past six years)) , (NP-SBJ (NP Mr. Menell) , (ADJP (NP 43 years) old) ,) (VP served (PP-CLR as (NP (NP vice president) (PP for (NP government affairs)) (PP-LOC at (NP American Express))))) .)) (TOP (S (NP-SBJ He) (ADVP previously) (VP was (NP-PRD (NP staff director and counsel) (PP for (NP (NP the Senate committee) (PP on (NP (NP banking) , (NP housing) and (NP urban affairs))))))) .)) (TOP (S (NP-SBJ (NP The other lawyer) (PP-LOC in (NP the office))) (VP is (NP-PRD (NP partner Robert A. Macari) , (NP (NP the firm 's) legislative director))) .)) (TOP (S-HLN (NP-SBJ (NP THE PHILADELPHIA law firm) (PP of (NP Ballard , Spahr , Andrews & Ingersoll))) (VP said (SBAR 0 (S (NP-SBJ three partners) (VP have (VP joined (NP its business and finance department)))))) .)) (TOP (S (NP-SBJ (NP John Ake) , (NP 48) , (NP (NP a former vice-president) (PP in (NP (NP charge) (PP of (NP legal compliance)))) (PP-LOC at (NP (NP American Capital Management & Research Inc.) , (PP-LOC in (NP Houston))))) ,) (VP will (VP join (NP (NP Ballard Spahr 's) corporate-securities practice))) .)) (TOP (S (NP-SBJ (NP Kent Walker) , (NP 45) , (NP (NP a former partner) (PP-LOC at (NP (NP the Philadelphia law firm) (PP of (NP Mesirov , Gelman , Jaffe , Cramer & Jamieson))))) ,) (VP will (VP specialize (PP-CLR in (NP (NP antitrust) , (NP real estate) and (NP mergers and acquisitions))))) .)) (TOP (S (NP-SBJ (NP Richard L. Sherman) , (NP 42) ,) (VP will (VP advise (NP midsized businesses))) .)) (TOP (S (NP-SBJ Mr. Sherman) (VP is (NP-PRD (NP former deputy general counsel) (PP for (NP (NP (NP SmithKline Beckman Corp.) , (PP-LOC in (NP Philadelphia)) ,) (RRC (ADVP-TMP now) (NP (NP SmithKline Beecham PLC) , (PP-LOC in (NP London)))))))) .)) (TOP (S (NP-SBJ-2 (NP Delmed Inc. 's) top two officers) (VP (VP resigned) and (VP were (VP succeeded (NP *-2) (PP by (NP-LGS (NP executives) (PP of (NP (NP Fresenius USA Inc.) and (NP (NP its parent) , (NP Fresenius AG) , (NP (NP a major Delmed holder) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP has (VP been (VP negotiating (S (NP-SBJ *-3) (VP to (VP acquire (NP a controlling stake)))))))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP Delmed) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP makes and sells (NP (NP a dialysis solution) (VP used (NP *) (PP-LOC in (S-NOM (NP-SBJ *) (VP treating (NP kidney diseases))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP negotiations) (PP about (NP pricing)) (PP *ICH*-1)) (VP had (VP collapsed (PP-1 between (NP (NP it) and (NP (NP a major distributor) , (NP National Medical Care Inc))))))))) .)) (TOP (S (NP-SBJ Delmed) (VP said (SBAR 0 (S (NP-SBJ Robert S. Ehrlich) (VP resigned (PP-CLR as (NP (NP chairman) , (NP president) and (NP chief executive))))))) .)) (TOP (S (NP-SBJ Mr. Ehrlich) (VP will (VP continue (PP-CLR as (NP (NP a director) and (NP a consultant))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Leslie I. Shapiro) , (NP (NP chief operating officer) and (NP chief financial officer)) ,) (ADVP also) (VP resigned)) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 Mr. Ehrlich) (VP was (VP succeeded (NP *-1) (PP-CLR as (NP chairman)) (PP by (NP-LGS (NP Gerd Krick) , (NP (NP a director) (PP of (NP (NP Fresenius) , (NP a (ADJP West German) pharmaceutical concern)))))))) .)) (TOP (S (NP-SBJ-1 (NP Ben Lipps) , (NP (NP president) (PP of (NP Fresenius USA))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP president) , (NP chief executive) and (NP chief operating officer))))) .)) (TOP (S (NP-SBJ (NP None) (PP of (NP the officials))) (VP was (ADJP-PRD available (PP for (NP comment)))) .)) (TOP (S (PP-LOC In (NP (NP trading) (PP-LOC on (NP the American Stock Exchange)))) , (NP-SBJ Delmed) (VP closed (PP-CLR at (NP 50 cents)) , (ADVP-CLR down (NP 6.25 cents))) .)) (TOP (S (NP-SBJ Fresenius) (VP owns (NP (NP (QP about 42) %) (PP of (NP (NP Delmed 's) (ADJP fully diluted) common stock)))) .)) (TOP (S (NP-SBJ The two companies) (VP have (VP been (VP discussing (NP (NP a transaction) (SBAR (WHPP-2 under (WHNP which)) (S (NP-SBJ-3 Fresenius) (VP would (VP buy (NP Delmed stock) (PP-CLR for (NP cash)) (PP *T*-2) (S-PRP (NP-SBJ *-3) (VP to (VP bring (NP its beneficial ownership) (PP-CLR to (NP (NP (QP between 70 % and 80 %) *U*) (PP of (NP (NP Delmed 's) (ADJP fully diluted) common stock))))))))))))))) .)) (TOP (S (NP-SBJ The transaction) (ADVP also) (VP would (VP combine (NP (NP Fresenius USA) and (NP Delmed)))) .)) (TOP (S (PP Under (NP the proposal)) , (NP-SBJ Delmed) (VP would (VP issue (NP (QP about 123.5 million) additional Delmed common shares) (PP-DTV to (NP Fresenius)) (PP-CLR at (NP (NP an average price) (PP of (NP (NP (NP (QP about 65) cents) (NP-ADV a share)) , (SBAR-ADV though (FRAG (PP under (NP no circumstances)) (NP (NP (QP more than 75) cents) (NP-ADV a share)))))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ Delmed) (VP said (SBAR 0 (S (NP-SBJ-1 it) `` (VP continues (S (NP-SBJ *-1) (VP to (VP explore (NP (NP the possibility) (PP of (NP (NP a combination) (PP with (NP Fresenius USA)))))))))))) . '')) (TOP (S (NP-SBJ It) (VP added (SBAR that (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP is (ADJP-PRD apparent) (SBAR-2 that (S (NP-SBJ (NP any terms) (PP of (NP a combination))) `` (VP would (VP be (ADJP-PRD (ADJP substantially less favorable) (PP than (NP (NP those) (VP (ADVP-TMP previously) announced (NP *))))))))))))) . '')) (TOP (S (S-TPC-3 (SBAR-ADV While (S (NP-SBJ-1 (NP the discussions) (PP between (NP (NP Delmed) and (NP National Medical Care)))) (VP have (VP been (VP discontinued (NP *-1)))))) , (NP-SBJ-2 Delmed) (VP will (VP continue (S (NP-SBJ *-2) (VP to (VP supply (NP dialysis products) (PP-MNR through (NP National Medical))))) (SBAR-TMP after (S (NP-SBJ their exclusive agreement) (VP ends (PP-TMP in (NP March 1990)))))))) , (NP-SBJ Delmed) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (S-TPC-1 (PP In (NP addition)) , (NP-SBJ Delmed) (VP is (VP exploring (NP distribution arrangements) (PP with (NP Fresenius USA))))) , (NP-SBJ Delmed) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP Philip L. Hall) , (NP (NP president) (PP of (NP (NP J. Lawrence Hall Co.) , (NP-LOC Nashua)))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP this thrift holding company)))) , (S-ADV (NP-SBJ *-1) (VP filling (NP a vacancy))))) .)) (TOP (S (NP-SBJ Kennametal Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP intends (S (NP-SBJ *-1) (VP to (VP acquire (NP J&L America Inc.) (PP-CLR for (NP (NP (QP $ 44 million) *U*) plus (NP (NP a consideration) (PP of (NP (NP as much) (PP as (NP (NP an additional (QP $ 12 million) *U*) , (ADJP payable (PP-TMP over (NP five years))))))))))))))))) .)) (TOP (S (NP-SBJ Kennametal) (VP is (NP-PRD a (ADJP carbide-products and cutting-tools) company)) .)) (TOP (S (NP-SBJ (NP J&L) , (SBAR (WHNP-1 whose principal offices) (S (NP-SBJ *T*-1) (VP are (PP-LOC-PRD in (NP Detroit))))) ,) (VP is (NP-PRD (NP a mail-order distributer) (PP of (NP industrial tools and supplies)))) .)) (TOP (S (NP-SBJ The acquisition) (VP is (ADJP-PRD subject (PP to (NP (NP approval) (PP by (NP (NP Kennametal 's) board)))))) .)) (TOP (S (NP-SBJ Genentech Inc.) (VP said (SBAR 0 (S (NP-SBJ third-quarter profit) (VP (ADVP more than) doubled (PP-DIR to (NP (NP (QP $ 11.4 million) *U*) , or (NP (NP 13 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP a depressed 1988 third-quarter performance) (PP of (NP (NP (QP $ 5.3 million) *U*) , or (NP (NP six cents) (NP-ADV a share)))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 23 %) (PP-DIR to (NP (QP $ 100 million) *U*)) (PP-DIR from (NP (QP $ 81.6 million) *U*))) .)) (TOP (S (NP-SBJ Net product sales) (VP accounted (PP-CLR for (NP (QP $ 76 million) *U*)) , (ADVP up (PP from (NP (QP $ 57.5 million) *U*) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP the heart drug TPA))) (VP were (NP-PRD (NP (QP $ 43.6 million) *U*) , (ADJP better (PP than (NP (NP (NP last year 's) depressed third period) (SBAR (WHADVP-1 when) (S (NP-SBJ the company) (VP sold (NP (NP (QP just $ 29.1 million) *U*) (PP of (NP the drug))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S But (NP-SBJ TPA sales) (VP fell (PP-DIR below (NP (NP levels) (PP for (NP (NP (NP this year 's) (ADJP first and second) quarter sales) (PP of (NP (QP $ 48 million) *U*)))))) , (S-ADV (NP-SBJ *) (VP cooling (NP investors)))) .)) (TOP (S (NP-SBJ Genentech stock) (VP fell (NP-EXT 12.5 cents) (PP-LOC in (NP (NP trading) (NP-TMP yesterday) (PP-LOC on (NP the New York Stock Exchange)))) (PP-DIR to (NP $ 20.125 *U*))) .)) (TOP (S (PP-TMP In (NP the nine months)) , (NP-SBJ net income) (VP slid (NP-ADV 21 %) (PP-DIR to (NP (NP (QP $ 28.4 million) *U*) , or (NP (NP 33 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 36 million) *U*) , or (NP (NP 42 cents) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenues) (VP climbed (NP-EXT 18 %) (PP-DIR to (NP (QP $ 289 million) *U*)) (PP-DIR from (NP (QP $ 245.3 million) *U*))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 We) (VP continue (S (NP-SBJ *-1) (VP to (VP be (PP on (NP target)) (PP-PRD for ... (S-NOM (NP-SBJ *) (VP increasing (NP TPA sales) (NP (NP 20 %) (PP to (NP 25 %)))) (NP this year)))))))) , '' (VP said (S *T*-2)) (NP-SBJ founder and Chief Executive Officer Robert Swanson) .)) (TOP (S But (NP-SBJ some analysts) (VP remain (ADJP-PRD sour (PP on (NP the company)))) .)) (TOP (S `` (NP-SBJ TPA sales) (VP are (ADVP-PRD down) (NP-TMP (NP quarter) (PP to (NP quarter)))) .)) (TOP (S (S (NP-SBJ Expenses) (VP are (ADJP-PRD flat))) and (S (NP-SBJ that) (VP 's (NP-PRD a good sign))) .)) (TOP (S (NP-SBJ There) (VP 's (NP-PRD (NP contract revenue) (PP from (NP -LCB- limited research and development -RCB- partnerships)))) .)) (TOP (SINV (S-TPC-1 But (NP-SBJ I) (ADVP still) (VP think (SBAR 0 (S (NP-SBJ the fundamentals) (VP are (ADJP-PRD poor)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Denise Gilbert) , (NP (NP an analyst) (PP with (NP (NP Montgomery Securities) (PP-LOC in (NP San Francisco)))))) .)) (TOP (S (NP-SBJ Genentech) (VP faces (NP (NP competition) (PP-LOC in (NP the cardiac-drug market)) (PP from (NP (NP (NP SmithKline Beecham PLC 's) heart drug Eminase) , (VP expected (S (NP-SBJ *) (VP to (VP receive (NP market approval) (ADVP-TMP shortly))))))))) .)) (TOP (S (S-TPC-2 And (NP-SBJ-1 Genentech) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP have (S (NP-SBJ any new products) (ADJP-PRD ready (PP for (NP market)))) (PP-TMP until (NP (ADVP at least) 1992)))))))) , (NP-SBJ Ms. Gilbert) (VP added (SBAR 0 (S *T*-2))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ (NP The company 's) stock) (VP is (VP trading (PP-CLR at (NP (QP 40 times) (NP next year 's) numbers))))) , and (S (NP-SBJ that) (VP 's (ADJP-PRD too much)))) , '' (NP-SBJ she) (VP said (S *T*-1)) .)) (TOP (S (S-TPC-1 (PP On (NP the plus side)) , (NP-SBJ Genentech) (VP is (VP benefiting (PP-CLR from (NP (NP (NP a lower tax rate) (PP due to (NP its research outlays))) , (VP giving (NP a boost) (PP-DTV to (NP earnings)))))))) , (NP-SBJ she) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP (NP THE AMERICAN CANCER SOCIETY 'S) 1988 costs) (PP of (NP (NP fund raising) and (NP administration)))) (VP were (NP-PRD (NP (QP $ 72.4 million) *U*) , or (NP (NP 23.2 %) (PP of (NP its revenue))))) .)) (TOP (S (NP-SBJ (NP A chart) (PP-LOC in (NP (NP (NP last Friday 's) special report) (PP on (NP personal finance))))) (VP contained (NP (NP an incorrect figure) (VP supplied (NP *) (PP by (NP-LGS (NP NonProfit Times) , (NP (NP a monthly newspaper) (VP covering (NP charities)))))))) .)) (TOP (S (NP-SBJ Ryder System Inc.) (VP posted (NP (NP a third-quarter net loss) (PP of (NP (QP $ 27.6 million) *U*))) , (PP-PRP because of (NP (NP an expected (ADJP (QP $ 57 million) *U*) after-tax charge) and (NP (NP continued weakness) (PP-LOC in (NP (NP the company 's) truck-rental business)))))) .)) (TOP (S (NP-SBJ (NP The loss) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP 38 cents) (NP-ADV a share))))) ,) (VP (VP is (NP-PRD (NP (NP the transportation services concern 's) first quarterly setback) (PP in (NP (NP more) (PP than (NP a decade)))))) and (VP compares (PP-CLR with (NP (NP net income) (PP of (NP (NP (QP $ 55.3 million) *U*) , or (NP (NP 68 cents) (NP-ADV a share)) ,)) (PP-TMP in (NP the year-ago period)))))) .)) (TOP (S (NP-SBJ (NP The previous year 's) third quarter) (VP included (NP (NP gains) (PP on (NP (NP the sale) (PP of (NP aircraft)) (PP by (NP (NP the company 's) Aviation Leasing & Services Division)))))) .)) (TOP (S (NP-SBJ Revenue) (VP was (ADJP-PRD flat) (PP at (NP (QP $ 1.3 billion) *U*))) .)) (TOP (S (NP-SBJ (NP (NP The latest quarter 's) after-tax charge) -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP 75 cents) (NP-ADV a share))))) --) (VP was (ADJP-PRD related (PP to (NP (NP (NP adjustments) (PP to (NP reserves)) (PP for (NP (NP workers ') compensation claims))) ; (NP (NP reductions) (PP-LOC in (NP (NP vehicle fleets) , (NP staff) and (NP facilities)))) ; and (NP (NP writedowns) (PP of (NP assets))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Ryder) (VP did n't (VP break (PRT out) (NP the charge))))) , (NP-SBJ analysts) (VP estimated (SBAR that (S (NP-SBJ-1 (NP the majority) (PP of (NP the (QP $ 57 million) *U*))) (VP was (VP linked (NP *-1) (PP-CLR to (NP (NP (NP workers ') compensation reserves) and (NP (NP anticipated losses) (PP on (NP (NP the disposal) (PP of (NP trucks)))))))))))) .)) (TOP (S (NP-SBJ Many analysts) (VP said (SBAR 0 (S (NP-SBJ they) (VP were n't (ADJP-PRD surprised (SBAR that (S (NP-SBJ-1 (NP problems) (PP-LOC in (NP (NP many) (PP of (NP (NP (NP Ryder 's) lines) (PP of (NP business))))))) (VP continued (S (NP-SBJ *-1) (VP to (VP plague (NP the company)))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (ADVP-EXT pretty much) (VP confirms (SBAR-NOM (WHNP-1 what) (S (NP-SBJ we) (VP had (VP been (VP expecting (NP *T*-1)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Anthony Hatch) , (NP (NP an analyst) (PP-LOC at (NP PaineWebber Inc)))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Ryder) (VP closed (PP-CLR at (NP $ 22.25 *U*)) , (ADVP-CLR down (NP 37.5 cents))) .)) (TOP (S (NP-SBJ (NP M. Anthony Burns) , (NP (NP Ryder 's) (NX (NX chairman) and (NX chief executive officer))) ,) (VP said : `` (S (NP-SBJ-1 We) (VP 're (ADVP constantly) (VP trying (S (NP-SBJ *-1) (VP to (VP find (NP (NP ways) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP regain (NP the earnings momentum) (ADVP-MNR *T*-2))))))))))))) .)) (TOP (S But (NP-SBJ we) (VP 're (ADVP still) (PP-PRD at (NP (NP the beginning stages) (PP of (NP (NP some) (PP of (NP these changes))))))) . '')) (TOP (S (NP-SBJ He) (VP (VP said (SBAR 0 (S (NP-SBJ the fourth quarter) (VP will (VP be `` (ADJP-PRD challenging)))))) , '' and (VP maintained (NP his conservative forecast (SBAR that (S (NP-SBJ 1990) `` (VP wo n't (VP be (NP-PRD a barn burner)))))))) . '')) (TOP (S (PP-TMP In (NP the nine months)) , (NP-SBJ net income) (VP fell (NP-EXT 79 %) (PP-DIR to (NP (NP (QP $ 31.1 million) *U*) , or (NP (NP 33 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 149.3 million) *U*) , or (NP (NP $ 1.82 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (ADVP-EXT slightly) (PP-DIR to (NP (QP $ 3.8 billion) *U*)) (PP-DIR from (NP (QP $ 3.7 billion) *U*))) .)) (TOP (S (NP-SBJ-1 (NP Robert L. Wood) , (NP 37-year-old chief financial officer) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP chairman) and (NP chief executive officer)) (PP of (NP this independent power producer)))) , (S-ADV (NP-SBJ *-1) (VP succeeding (NP (NP Raymond L. Hixson) , (NP 63)))))) .)) (TOP (S (NP-SBJ (NP Mr. Hixson) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP resigned (PP-TMP effective (NP Jan. 1)) (PP-PRP for (NP health reasons))))) ,) (VP remains (NP-PRD a director)) .)) (TOP (S (NP-SBJ Advanced Medical Technologies Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP purchased (NP (NP 93 %) (PP of (NP (NP a unit) (PP of (NP Henley Group Inc))))))))) .)) (TOP (S (NP-SBJ Advanced Medical) (VP paid (NP (NP (QP $ 106 million) *U*) (PP in (NP cash))) (PP-CLR for (NP (NP its share) (PP in (NP (NP a unit) (PP of (NP (NP Henley 's) Fisher Scientific subsidiary))))))) .)) (TOP (S (NP-SBJ The unit) (VP (VP makes (NP (NP intravenous pumps) (VP used (NP *) (PP by (NP-LGS hospitals))))) and (VP had (NP (NP (QP more than $ 110 million) *U*) (PP in (NP sales))) (NP-TMP last year)) , (PP according (PP to (NP Advanced Medical)))) .)) (TOP (S (NP-SBJ-2 Maxicare Health Plans Inc.) , (S-ADV (NP-SBJ *-2) (VP operating (PP-MNR under (NP Chapter 11 bankrupty-law protection)))) , (VP outlined (NP (NP terms) (PP of (NP (NP its reorganization plan) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP calls (SBAR for (S (NP-SBJ creditors and shareholders) (VP to (VP receive (NP (NP (NP (QP at least $ 78.8 million) *U*) (PP in (NP cash))) and (NP (NP (ADJP (QP $ 67 million) *U*) face amount) (PP of (NP 10-year , (ADJP 13.5 %) notes))))))))))))))) .)) (TOP (S (NP-SBJ-1 The plan) , (S-ADV (NP-SBJ *-1) (VP outlined (NP *) (PP-LOC in (NP (NP a filing) (PP with (NP the Securities and Exchange Commission)))))) , (ADVP also) (VP calls (SBAR for (S (NP-SBJ creditors and shareholders) (VP to (VP receive (NP (NP common stock and warrants) (PP in (NP the new company)))))))) .)) (TOP (S (NP-SBJ The health-maintenance concern) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP (VP reached (NP (NP the agreement) (PP with (NP (NP its court-appointed creditors ') committees))) (NP-TMP Sept. 28)) , and (VP intends (S (NP-SBJ *-1) (VP to (VP submit (NP the plan) (PP-CLR to (NP the bankruptcy court)) (PP in (NP November)))))))))) .)) (TOP (S (NP-SBJ (NP Maxicare) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP filed (PP-CLR for (NP bankruptcy protection)) (NP-TMP March 16)))) ,) (VP has (NP (NP total debt) (PP of (NP (QP $ 750 million) *U*)))) .)) (TOP (S (S-TPC-1 (NP-SBJ The company) (VP has (ADVP-TMP promptly) (VP paid (NP all its expenses and obligations) (PP-TMP since (NP March 16))))) , (NP-SBJ a Maxicare spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP General unsecured creditors) (PP of (NP (NP Maxicare 's) continuing operations))) (ADVP initially) (VP will (VP receive (NP (NP (NP (QP $ 47 million) *U*) (PP in (NP cash))) , (NP (NP (QP $ 35 million) *U* face amount) (PP of (NP senior notes))) , and (NP (NP 49 %) (PP of (NP (NP the new company 's) stock)))))) .)) (TOP (S (NP-SBJ (NP Those creditors) , (SBAR (WHNP-2 whose claims) (S (NP-SBJ-1 *T*-2) (VP are (VP estimated (NP *-1) (PP-CLR at (NP (QP about $ 200 million) *U*)))))) ,) (VP include (NP doctors and hospitals)) .)) (TOP (S (NP-SBJ (NP General unsecured creditors) (PP of (NP (NP Maxicare 's) discontinued operations)) , (SBAR (WHNP-1 whose claims) (S (NP-SBJ *T*-1) (VP total (NP (QP $ 110 million) *U*)))) ,) (ADVP-TMP initially) (VP will (VP receive (NP (NP (NP (QP $ 17.8 million) *U*) (PP in (NP cash))) and (NP (NP (QP $ 10 million) *U*) (PP in (NP senior notes)))))) .)) (TOP (S (NP-SBJ (NP Maxicare 's) public shareholders) (VP will (VP receive (NP (NP (NP 2 %) (PP of (NP (NP the new company 's) stock))) and (NP (NP warrants) (VP entitling (S (NP-SBJ them) (VP to (VP acquire (NP (NP as much) (PP as (NP (NP an additional 5 %) (PP of (NP the stock))))) (PP-MNR on (NP a fully-diluted basis)))))))))) .)) (TOP (S (NP-SBJ (NP General unsecured creditors) (PP of (NP the parent holding company))) (ADVP-TMP initially) (VP will (VP receive (NP (NP (NP (QP $ 14 million) *U*) (PP in (NP cash))) , (NP (NP (QP $ 22 million) *U* face amount) (PP of (NP senior notes))) and (NP (NP 49 %) (PP of (NP (NP the new company 's) stock)))))) .)) (TOP (S (NP-SBJ That group) (VP includes (NP (NP banks and bondholders) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (NP (NP claims) (PP of (NP (NP (QP $ 150 million) *U*) and (NP (QP $ 350 million) *U*) (ADVP respectively))))))))) .)) (TOP (S (NP-SBJ Maxicare) (ADVP also) (VP will (VP guarantee (SBAR that (S (NP-SBJ the banks) (VP will (VP realize (NP (QP at least $ 7 million) *U*) (PP on (NP (NP certain notes) (VP pledged (NP *) (PP-DTV to (NP them))))))))))) .)) (TOP (S (NP-SBJ Maxicare) (VP said (SBAR 0 (S (NP-SBJ the plan) (VP stipulates (SBAR that (S (NP-SBJ (NP enrollees) (PP-LOC in (NP (NP the company 's) health plans))) (VP will (VP have (S (NP-SBJ valid claims) (VP covered (PP-EXT in (ADJP full)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Those claims) , (ADVP along (PP with (NP (NP priority employee claims) , (NP administrative claims) , (NP priority tax claims) and (NP administrative convenience claims)))) ,) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP total (NP (QP about $ 16 million) *U*)))))) .)) (TOP (S (NP-SBJ The plan) (VP is (ADJP-PRD subject (PP to (NP (NP approval) (PP by (NP the bankruptcy court and others)))))) .)) (TOP (S (NP-SBJ The spokesman) (VP said (SBAR 0 (S (NP-SBJ-1 Maxicare) (VP hopes (S (NP-SBJ *-1) (VP to (VP complete (NP the reorganization) (PP-TMP by (NP early 1990))))))))) .)) (TOP (S (NP-SBJ Birmingham Steel Corp.) (VP said (SBAR that (S (NP-SBJ its Emeryville , Calif. , minimill) (VP sustained (NP (NP only minor damage) (PP from (NP (NP last week 's) earthquake))))))) .)) (TOP (S (S (NP-SBJ Steelmaking) (VP resumed (NP-TMP Oct. 18))) , but (S (NP-SBJ the company) (VP expects (S (NP-SBJ-1 production) (VP to (VP be (VP hampered (NP *-1) (PP-TMP in (NP the next few months)) (PP by (NP-LGS (NP (NP traffic disruptions) (PP around (NP the plant))) and (NP (NP outages) (PP for (NP (NP repair) (PP to (NP gas and electric power systems))))))))))))) .)) (TOP (S (NP-SBJ The average interest rate) (VP rose (PP-DIR to (NP 8.337 %)) (PP-LOC at (NP (NP (NP Citicorp 's) (ADJP (QP $ 50 million) *U*) weekly auction) (PP of (NP (NP 91-day commercial paper) , or (NP corporate IOUs) ,)))) (PP-DIR from (NP 8.292 %) (PP-LOC at (NP (NP last week 's) sale)))) .)) (TOP (S (NP-SBJ-1 (NP Bids) (VP totaling (NP (QP $ 475 million) *U*))) (VP were (VP submitted (NP *-1))) .)) (TOP (S (NP-SBJ Accepted bids) (VP ranged (PP-CLR (PP from (NP 8.328 %)) (PP to (NP 8.347 %)))) .)) (TOP (S (ADVP However) , (NP-SBJ Citicorp) (VP said (SBAR that (S (NP-SBJ the average rate) (VP fell (PP-DIR to (NP 7.962 %)) (PP-LOC at (NP (NP its (ADJP (QP $ 50 million) *U*) auction) (PP of (NP 182-day commercial paper)))) (PP-DIR from (NP 7.986 %) (PP-LOC at (NP (NP last week 's) sale))))))) .)) (TOP (S (NP-SBJ-1 (NP Bids) (VP totaling (NP (QP $ 425 million) *U*))) (VP were (VP submitted (NP *-1))) .)) (TOP (S (NP-SBJ Accepted bids) (VP were all (PP-PRD at (NP 7.962 %))) .)) (TOP (S (NP-SBJ The bank holding company) (VP will (VP auction (NP (NP another (QP $ 50 million) *U*) (PP in (NP each maturity))) (NP-TMP next Tuesday))) .)) (TOP (S (NP-SBJ (NP Hughes Aircraft Co.) , (NP a General Motors Corp. unit) ,) (VP said (SBAR 0 (S (NP-SBJ-2 the Intelsat VI commercial communications satellite) (VP is (VP set (S (NP-SBJ-1 *-2) (VP to (VP be (VP launched (NP *-1) (NP-TMP Friday)))))))))) .)) (TOP (S (NP-SBJ (NP The satellite) , (VP built (NP *) (PP by (NP-LGS Hughes)) (PP-BNF for (NP the International Telecommunications Satellite Organization))) ,) (VP is (NP-PRD (NP part) (PP of (NP (NP a (ADJP (QP $ 700 million) *U*) contract) (VP awarded (NP *) (PP-DTV to (NP Hughes)) (PP-TMP in (NP 1982)) (S-PRP (NP-SBJ *) (VP to (VP develop (NP (NP five) (PP of (NP the three-ton satellites))))))))))) .)) (TOP (S (NP-SBJ Italian car manufacturer Fiat) (VP said (SBAR 0 (S (NP-SBJ it) (VP is n't (ADJP-PRD interested (PP in (NP (NP (NP partnership) (PP *RNR*-1)) or (NP (NP industrial cooperation) (PP *RNR*-1)) (PP-1 with (NP (NP Swedish auto and aerospace group Saab-Scania AB) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP faces (NP (NP heavy losses) (PP-LOC in (NP its car division))))))))))))))) .)) (TOP (S (NP-SBJ Fiat) (VP said (S (NP-SBJ it) (VP 's (ADVP only) (ADJP-PRD interested (PP in (NP (NP technical cooperation) (PP with (NP Saab)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP know (SBAR that (S (NP-SBJ Saab) (VP is (VP looking (PP-CLR for (NP (NP a partner) (PP for (NP (ADJP industrial and financial) cooperation)))))))))) , '' (NP-SBJ Fiat) (VP said (S *T*-1)) .)) (TOP (S `` But (NP-SBJ that partner) (VP is n't (NP-PRD Fiat)) . '')) (TOP (S (NP-SBJ-1 The Italian auto maker) (VP (VP confirmed (SBAR that (S (NP-SBJ it) (VP was (VP discussing (NP technical cooperation) (PP-CLR with (NP Saab))))))) , but (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP rumors (SBAR that (S (NP-SBJ-2 it) (VP was (VP planning (S (NP-SBJ *-2) (VP to (VP buy (NP (NP Saab 's) car division))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Fiat 's) rejection) (PP of (NP (NP partnership) (PP with (NP Saab))))) (VP means (SBAR that (S (NP-SBJ-2 (NP the Swedish company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP announced (NP-TMP last Friday) (SBAR that (S (NP-SBJ (NP its pretax profit) (PP for (NP the first eight months))) (VP plummeted (NP-EXT 49 %))))))) ,) (VP will (VP have (S (NP-SBJ *-2) (VP to (VP look (PP-CLR for (NP a partner)) (PP-LOC among (NP other car manufacturers))))) (SBAR-PRP as (S (NP-SBJ both (NP Ford Motor Corp.) and (NP Fiat)) (VP have (VP turned (PRT down) (NP-PRD the offer)))))))))) .)) (TOP (S (NP-SBJ News reports) (VP said (NP-TMP yesterday) (SBAR that (S (NP-SBJ-1 Saab) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP start (NP (NP negotiations) (PP with (NP French automakers Peugeot and Renault))))))))))) .)) (TOP (S (NP-SBJ ITT Corp.) , (S-ADV (NP-SBJ its insurance business) (VP hurt (NP *) (PP by (NP-LGS Hurricane Hugo)))) , (VP reported (NP (NP a (ADJP 4 %) decline) (PP-LOC in (NP third-quarter net income))) , (PP despite (NP (NP a (ADJP 4.2 %) rise) (PP-LOC in (NP revenue))))) .)) (TOP (S (NP-SBJ ITT) (VP (ADVP also) forecast (NP (NP a fourth-quarter blow) (PP to (NP earnings)) (PP from (NP the California earthquake)))) .)) (TOP (S (PP Except (PP for (NP insurance))) , (ADVP however) , (NP-SBJ ITT) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (NP (NP improved operating earnings) `` (PP-LOC in (NP (NP all) (PP of (NP our businesses)))) (PP for (NP the full year))))))) . '')) (TOP (S (NP-SBJ Third-quarter net income) (VP dropped (PP-DIR to (NP (NP (QP $ 221 million) *U*) , or (NP (NP $ 1.55 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 230 million) *U*) , or (NP (NP $ 1.60 *U*) (NP-ADV a share))) , (PP-TMP in (NP the year-earlier period)))) .)) (TOP (S (NP-SBJ ITT) (VP bought (PRT back) (NP (NP (QP 8.8 million) shares) (PP *ICH*-2)) (NP-TMP this year) , (PP-2 including (NP (NP 2.8 million) (PP-TMP during (NP the third quarter))))) .)) (TOP (S (NP-SBJ Third-quarter revenue) (VP rose (PP-DIR to (NP (QP $ 4.9 billion) *U*)) (PP-DIR from (NP (QP $ 4.7 billion) *U*))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ-1 ITT common stock) (VP fell (NP-ADV 62.5 cents) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP $ 58.75 *U*) (NP-ADV a share))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP insurance and finance)))) , (NP-SBJ ITT) (VP has (NP (NP interests) (PP-LOC in (NP (NP electronic parts) , (NP defense technology) , (NP automotive parts) , (NP fluid technology) , (NP pulp and timber) , and (NP communications and information services))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Hurricane Hugo losses) and (NP (NP the continuing industrywide downturn) (PP in (NP the property and casualty insurance business)))) (VP were (NP-PRD (NP the major factors) (VP affecting (NP quarterly comparisons))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Rand V. Araskog) , (NP (NP chairman) and (NP chief executive officer))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP ITT 's) Hartford Insurance Group) (VP had (NP (NP a (ADJP (QP $ 53 million) *U*) quarterly pretax loss) (PP from (NP Hurricane Hugo))))) , (NP-SBJ ITT) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Hartford) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP a further pretax loss) (PP of (NP (QP about $ 30 million) *U*)) (PP for (NP the current quarter))) , (PP as (NP (NP a result) (PP of (NP (NP the California earthquake) (NP-TMP this month)))))))))) , (NP-SBJ ITT) (VP added (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP disclosed (SBAR 0 (S (NP-SBJ its financial operations) (VP had (VP increased (NP (NP reserves) (PP for (NP bankrupt accounts))) , (S-ADV (NP-SBJ *) (VP resulting (PP-CLR in (NP (NP a (ADJP (QP $ 40 million) *U*) pretax charge) (PP for (NP the third quarter))))))))))) .)) (TOP (S (NP-SBJ-1 This charge) (VP was (ADVP partly) (VP offset (NP *-1) , (ADVP however) , (PP by (NP-LGS (NP (QP $ 19 million) *U*) (PP in (NP pretax capital gains)))))) .)) (TOP (S (NP-SBJ ITT) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 its consumer finance unit) (VP agreed (PP-TMP in (NP September)) (S (NP-SBJ *-1) (VP to (VP settle (NP (NP a civil suit) (PP *ICH*-2)) (PP-CLR with (NP the California attorney general)) (PP-2 over (NP alleged improper lending and sales practices))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Anticipating (NP this settlement))) , (NP-SBJ-1 the company) (VP recorded (NP (NP a pretax charge) (PP of (NP (QP $ 24 million) *U*))) (PP-TMP during (NP (NP the fourth quarter) (PP of (NP 1988))))) .)) (TOP (S (NP-SBJ An ITT spokesman) (VP said (SBAR 0 (S (NP-SBJ-1 the charge) (VP was n't (ADVP-MNR publicly) (VP reported (NP *-1) (PP-TMP at (NP the time))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The company 's) product businesses) , (PP with (NP (NP the exception) (PP of (NP electronic components)))) , (VP had (NP higher operating earnings) (PP-TMP for (NP (NP the first nine months) (PP of (NP 1989)))))) , '' (NP-SBJ the company) (VP said (S *T*-1)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Elaborating (PP-CLR on (NP the exception)))) , (NP-SBJ-1 it) (VP said (SBAR 0 (S (NP-SBJ volume and margins) (VP were (ADJP-PRD lower) (PP-LOC in (NP semiconductor and power systems operations)))))) .)) (TOP (S (NP-SBJ Amoco Corp.) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP plans (S (NP-SBJ-3 *-2) (VP to (VP (VP install (NP two platforms)) and (VP drill (NP (QP as many as 22) wells)) (S-PRP (NP-SBJ *-3) (VP to (VP develop (NP (NP oil reserves) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP discovered (NP *T*-1) (PP-LOC in (NP the Atlantic Ocean)) (ADVP-LOC (NP about 25 miles) off (NP (NP the coast) (PP of (NP Congo)))))))))))))))))) .)) (TOP (S (S (NP-SBJ (NP Amoco) , (NP an energy concern) ,) (VP is (NP-PRD (NP the operator) (PP of (NP the project)) (PP with (NP a (ADJP 43.75 %) working interest))))) , and (S (NP-SBJ other partners) (VP include (NP (NP (NP Hydro Congo) , (NP the Congolese state oil company) , (PP with (NP a (ADJP 50 %) interest))) , and (NP (NP Kuwait Foreign Petroleum Exploration Co.) (PP with (NP a (ADJP 6.25 %) stake)))))) .)) (TOP (S (NP-SBJ-1 Production) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP (QP about 40,000) barrels) (PP of (NP oil)) (NP-ADV a day)) (PP-TMP after (NP (NP completion) (PP of (NP the drilling program))))))))) .)) (TOP (S (NP-SBJ-1 (NP Jacobs Engineering Group Inc. 's) Jacobs International unit) (VP was (VP selected (S (NP-SBJ *-1) (VP to (VP design and build (NP (NP a microcomputer-systems manufacturing plant) (PP-LOC in (NP (NP County Kildare) , (NP Ireland) ,))) (PP for (NP Intel Corp))))))) .)) (TOP (S (NP-SBJ Jacobs) (VP is (NP-PRD an international engineering and construction concern)) .)) (TOP (S (NP-SBJ (NP Total capital investment) (PP-LOC at (NP the site))) (VP could (VP be (ADJP-PRD (QP as much as $ 400 million) *U*) , (PP according (PP to (NP Intel))))) .)) (TOP (S (NP-SBJ-1 The 150,000-square-foot plant) (VP will (VP be (VP constructed (NP *-1) (PP-LOC on (NP (NP a 55-acre site) (PP-LOC near (NP Dublin))))))) .)) (TOP (S (NP-SBJ-1 Jacobs Engineering officials) (VP could n't (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-SBJ Bob Evans Inc.) (VP said (SBAR 0 (S (NP-SBJ its board) (VP authorized (NP (NP the purchase) (PP of (NP (NP (QP as many as 500,000) shares) (PP of (NP its common))))))))) .)) (TOP (S (NP-SBJ-1 (NP The stock) , (SBAR (WHNP-3 0) (S (NP-SBJ-2 *T*-3) (VP to (VP be (VP purchased (NP *-2) (PP-MNR (PP on (NP the open market)) or (PP through (NP (ADJP privately negotiated) transactions)))))))) ,) (VP will (VP be (VP held (NP *-1) (PP-CLR as (NP (NP treasury shares) (PP for (NP (NP stock options) or (NP other general corporate purposes)))))))) .)) (TOP (S (NP-SBJ The program) (VP expires (NP-TMP April 27)) .)) (TOP (S (NP-SBJ The restaurant operator) (VP had (NP (NP (QP 32.2 million) shares) (ADJP outstanding)) (PP-TMP as (PP of (NP Sept. 29)))) .)) (TOP (S (NP-SBJ Coda Energy Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP the sale) (PP of (NP Phenix-Transmission Co.)) (PP to (NP Bishop Pipeline Co.)) , (PP for (NP (NP (QP $ 17 million) *U*) (PP in (NP cash and notes))))))))) .)) (TOP (S (NP-SBJ (NP Coda) , (NP an oil and gas concern) ,) (VP said (SBAR 0 (S (NP-SBJ (NP it) and (NP its partners)) (VP received (NP (NP (NP (QP $ 7 million) *U*) (PP in (NP cash))) and (NP (NP (QP $ 10 million) *U*) (PP in (NP five-year notes)))) (PP-CLR for (NP the Kansas intrastate pipeline)))))) .)) (TOP (S (S (NP-SBJ Coda) (VP owned (NP (NP 60 %) (PP of (NP the pipeline))))) and (S (NP-SBJ private entities) (VP owned (NP the rest))) .)) (TOP (S (NP-SBJ-1 Bishop) (VP is (VP based (NP *-1) (PP-LOC in (NP Hutchinson , Kansas)))) .)) (TOP (S (NP-SBJ French consumer prices) (VP rose (NP-EXT 0.2 %) (PP-TMP in (NP September)) (PP-DIR from (NP-TMP August)) , (PP according (PP to (NP (NP provisional estimates) (PP by (NP the National Statistics Institute)))))) .)) (TOP (S (NP-SBJ The agency) (VP noted (SBAR that (S (PP-PRP because of (NP (NP a strike) (PP by (NP Finance Ministry personnel)))) (NP-SBJ the provisional estimate) (VP does n't (VP correspond (ADVP-MNR exactly) (PP-CLR to (NP (NP the consumer price index) (ADVP-TMP usually) (VP published (NP *))))))))) .)) (TOP (S (NP-SBJ The agency) (VP noted , (ADVP however) , (SBAR 0 (S (NP-SBJ-1 the estimate) (VP will (ADVP likely) (VP be (VP confirmed (NP *-1))))))) .)) (TOP (S (S (NP-SBJ The institute) (VP did n't (VP estimate (NP annual price growth) (PP-TMP in (NP September))))) , but (S (NP-SBJ (NP a (ADJP 0.2 %) rise) (PP by (NP the consumer price index))) (VP would (VP put (NP growth) (PP-PUT at (NP (NP either 178.8 or 178.9) , (ADVP up (NP-EXT (NP 3.3 %) or (NP 3.4 %)) (PP-DIR from (NP (NP the year-earlier level) (PP of (NP 173.1)))))))))) .)) (TOP (S (NP-SBJ The index) (VP (VP was (NP-PRD 178.5) (PP-TMP in (NP August))) and (VP is (VP based (PP-CLR on (S-NOM (NP-SBJ 1980) (VP equaling (NP 100))))))) .)) (TOP (S (NP-SBJ (NP International Technology Corp.) and (NP (NP Davy McKee Corp.) , (NP (NP a unit) (PP of (NP (NP London 's) Davy Corp.))) ,)) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP were (VP awarded (NP *-1) (NP a (ADJP (QP $ 55 million) *U*) contract) (PP by (NP-LGS (NP the U.S. Army Corps) (PP of (NP Engineers)))) (PP-CLR for (NP (NP the closure) (PP of (NP (NP the Helen Kramer Landfill Superfund site) (PP-LOC in (NP (NP Mantua Township) , (NP N.J)))))))))))) .)) (TOP (S (NP-SBJ (NP International Technology) , (NP an environmental management concern) ,) (VP said (SBAR 0 (S (NP-SBJ the contract) (VP includes (NP (NP construction) (PP of (NP (NP slurry walls) , (NP gas collection systems) , (NP a multilayer cap) and (NP water treatment plant)))))))) .)) (TOP (S (NP-SBJ (NP U.S. Memories Inc.) , (NP (NP the venture) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP seeks (S (NP-SBJ *-2) (VP to (VP crack (NP (NP (NP Japan 's) domination) (PP of (NP the memory-chip market)))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP chosen (NP (NP four potential sites) (PP for (NP its operations))) (PP-TMP after (NP (NP a fierce bidding war) (PP by (NP 15 states))))))))) .)) (TOP (S (NP-SBJ U.S. Memories) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP begin (NP (NP visits) (PP-TMP during (NP the next several weeks)) (PP to (NP (NP sites) (PP-LOC in (NP (NP (NP Austin) , (NP Texas)) ; (NP (NP Colorado Springs) , (NP Colo.)) ; (NP (NP Middletown) , (NP N.Y.)) ; and (NP (NP Phoenix) , (NP Ariz)))))))))))) .)) (TOP (S (NP-SBJ (NP Sanford Kane) , (NP president) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the finalists) (VP were (VP chosen (NP *-1) (PP-CLR from (PP among (NP 57 locations))) (PP based (PP on (NP (UCP financial , business , and (NAC quality (PP of (NP life)))) considerations)))))))) .)) (TOP (SINV (ADJP-PRD-TPC-1 Conspicuous (PP-MNR by (NP its absence))) (VP is (ADJP-PRD *T*-1)) (NP-SBJ California) .)) (TOP (S (NP-SBJ (NP San Jose) and (NP several other California cities)) (VP mounted (NP major campaigns (S *ICH*-2)) (PP-TMP during (NP the summer)) (S-2 (NP-SBJ *) (VP to (VP woo (NP (NP the group) , (SBAR (WHNP-4 which) (S (NP-SBJ-3 *T*-4) (VP was (VP founded (NP *-3) (NP-TMP last June) (PP by (NP-LGS seven electronics concerns))))))))))) .)) (TOP (S (NP-SBJ-1 The venture) (VP plans (S (NP-SBJ *-1) (VP to (VP announce (NP a final site) (PP-TMP by (NP late November)))))) .)) (TOP (S (NP-SBJ-1 It) (VP expects (S (NP-SBJ *-1) (VP to (VP (VP begin (NP construction) (PP-TMP by (NP year end))) and (VP start (VP shipping (NP four-megabit dynamic random-access memory chips) (PP-TMP by (NP mid-1991)))))))) .)) (TOP (S (NP-SBJ U.S. Memories investors) (VP include (NP (NP Advanced Micro Devices Inc.) , (NP Digital Equipment Corp.) , (NP Hewlett-Packard Co.) , (NP International Business Machines Corp.) , (NP Intel Corp.) , (NP LSI Logic Corp.) , and (NP National Semiconductor Corp))) .)) (TOP (S (NP-SBJ Mr. Kane) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ several other companies) (VP to (VP join (NP-TMP (NP (NP some time) (SBAR after (S (NP-SBJ the venture) (VP completes (NP a business plan))))) , (ADVP probably) (NP later this week))))))))) .)) (TOP (S (NP-SBJ-1 (NP A seat) (PP-LOC on (NP (NP the Chicago Board) (PP of (NP Trade))))) (VP was (VP sold (NP *-1) (PP-CLR for (NP (NP $ 390,000 *U*) , (ADJP unchanged (PP from (NP (NP the previous sale) (NP-TMP Oct. 13)))))))) .)) (TOP (S (NP-SBJ-1 Seats) (ADVP-TMP currently) (VP are (VP quoted (NP *-1) (PP-CLR at (NP (NP (NP $ 361,000 *U*) (VP bid (NP *))) , (NP (NP $ 395,000 *U*) (VP asked (NP *))))))) .)) (TOP (S (NP-SBJ-1 (NP The record price) (PP for (NP (NP a full membership) (PP-LOC on (NP the exchange))))) (VP is (NP-PRD $ 550,000 *U*) , (S-ADV (NP-SBJ *-1) (VP set (NP-TMP Aug. 31 , 1987)))) .)) (TOP (S (NP-SBJ-1 (NP Dennis R. Mangino) , (NP (NP a general manager) (PP of (NP EniChem Americas))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP vice president) (PP of (NP research and development))) , (NP (NP a new post) (PP-LOC at (NP this steel company))))))) .)) (TOP (S (NP-SBJ-1 (NP Fred D. Thompson) , (NP (NP a 47-year-old attorney) (PP-LOC in (NP (NP private practice) (PP-LOC in (NP (NP Washington) and (NP Nashville , Tenn. ,))))))) (VP was (VP elected (NP *-1) (PP-CLR to (NP (NP the board) (PP of (NP this engineering and construction company)))))) .)) (TOP (S (NP-SBJ The board) (VP increased (PP-CLR to (NP 11 seats))) .)) (TOP (S (NP-SBJ Sun Microsystems Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 Prime Computer Inc.) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP resell (NP (NP (QP as much as $ 200 million) *U* worth) (PP of (NP (NP Sun 's) machines))) (PP-TMP over (NP the next two years)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The computers) (VP use (NP (NP (NP the company 's) own microprocessor) (VP called (S (NP-SBJ *) (NP-PRD Sparc)))))) , (NP-SBJ Sun) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 Quickview Systems Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP filed (NP a lawsuit) (PP-CLR against (NP Apple Computer Inc.))))) , (S-ADV (NP-SBJ *-1) (VP claiming (NP (NP patent infringement) (PP-LOC in (NP (NP an element) (PP of (NP (NP Apple 's) popular HyperCard software program)))))))) .)) (TOP (S (NP-SBJ (NP The suit) , (VP filed (NP *) (PP-LOC in (NP Minneapolis federal court))) ,) (VP claims (SBAR that (S (NP-SBJ Apple) (VP violated (NP (NP a Quickview patent) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP allows (S (NP-SBJ computer users) (VP to (VP display `` (NP (NP only portions) (PP of (NP multiple fields))) (PP-LOC on (NP a computer screen)) (PP with (NP the ability (S (NP-SBJ *) (VP to (VP see (NP (NP the entire contents) (PP of (NP any given field))))))))))))))))))) . '')) (TOP (S (NP-SBJ-2 The HyperCard program) (VP (VP allows (S (NP-SBJ users) (VP to (VP design (NP (NP applications) (PP for (NP Macintosh computers))) (PP without (S-NOM (NP-SBJ-1 *) (VP having (S (NP-SBJ *-1) (VP to (VP be (NP-PRD hardcore programmers))))))))))) and (VP is (VP distributed (NP *-2) (PP-CLR with (NP (NP every Macintosh) (VP sold (NP *))))))) .)) (TOP (S (S (NP-SBJ It) (VP 's (NP-PRD (NP one) (PP of (NP (NP the (ADJP most popular) computer programs) (PP of (NP all time))))))) , but (S (NP-SBJ analysts) (VP said (SBAR 0 (S (NP-SBJ-1 the Quickview suit) (VP does n't (VP appear (S (NP-SBJ *-1) (VP to (VP bode (NP (NP major difficulties) (PP for (NP Apple)))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The technology) (PP at (NP issue))) `` (VP is not (NP-PRD (NP an underlying technology) (PP of (NP HyperCard))) (PP to (NP my knowledge)))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Danny Goodman) , (NP a (ADJP San Francisco-area) HyperCard program developer)) .)) (TOP (S (ADVP Nonetheless) , (NP-SBJ the suit) (VP seeks (NP (NP unspecified damages) (SBAR (WHNP-1 that) (S (NP-SBJ (NP an attorney) (PP for (NP Quickview))) (VP claimed (SBAR 0 (S (NP-SBJ *T*-1) (VP could (VP run (PP-CLR into (NP (NP the millions) (PP of (NP dollars))))))))))))) .)) (TOP (S (PP-LOC In (NP Cupertino , Calif.)) , (NP-SBJ Apple) (VP said (SBAR that (S (NP-SBJ it) (VP believes (SBAR (SBAR 0 (S (NP-SBJ the case) (VP has (NP no merit)))) , and (SBAR that (S (NP-SBJ HyperCard) (VP does not (VP infringe (NP `` (NP any valid claims) '' (PP of (NP the Quickview patents)))))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP filed (NP (NP an action) (PP of (NP its own))) (PP-LOC in (NP (NP federal court) (PP-LOC in (NP (NP San Jose) , (NP Calif.) ,)))) (S-ADV (NP-SBJ *-1) (VP seeking (NP a declaration (SBAR that (S (NP-SBJ (NP Quickview 's) claims) (VP are (ADJP-PRD invalid))))))))))) .)) (TOP (S (NP-SBJ This) (VP is (PP-PRD in (NP (NP response) (PP to (NP (NP (NP Atsushi Kageyama 's) (NP Manager 's) Journal) , `` (S-TTL (NP-SBJ *) (VP Looking (PP for (NP the Real Thing)) (PP-LOC in (NP Sony)))) '' (PRN -LRB- (NP (NP-LOC editorial page) , (NP-TMP Oct. 2)) -RRB-)))))) .)) (TOP (S (S (SBAR-ADV Though (S (NP-SBJ I) (VP agree (PP-CLR with (NP (NP many) (PP of (NP (NP Mr. Kageyama 's) comments))))))) , (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ he) (VP points (NP the gun) (PP-CLR in (NP the wrong direction))))))) : (S-CLF (NP-SBJ It) (VP (VP is n't (NP-PRD-5 the Americans) (SBAR-6 (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP must (VP be (VP criticized (NP-4 *-1) (PP-CLR for (S-NOM (NP-SBJ *-4) not (VP understanding (NP the Japanese culture)))))))))) , but (VP (NP-PRD=5 the Japanese) (SBAR=6 (WHNP-3 who) (S (NP-SBJ-7 *T*-3) (VP insist (PP-CLR on (S-NOM (NP-SBJ *-7) (VP forcing (NP their culture) (PP-CLR on (NP Americans))))))))))) .)) (TOP (S (S (NP-SBJ The Japanese) (VP want (S (NP-SBJ us) (VP to (VP accept (NP their culture)))))) , but (S (NP-SBJ-1 they) (VP refuse (S (NP-SBJ *-1) (VP to (VP accept (NP the American culture)))))) .)) (TOP (S (S (NP-SBJ Japanese managers) (VP ca n't (VP expect (S (NP-SBJ Americans) (VP to (VP behave (SBAR-MNR as if (S (NP-SBJ they) (VP were (NP-PRD Japanese)))))))))) ; (S (ADVP instead) , (NP-SBJ they) (VP must (VP manage (NP Americans) (PP-MNR as (NP Americans))))) .)) (TOP (S (NP-SBJ-1 Americans) (VP are (VP expected (S (NP-SBJ-3 *-1) (VP to (VP conform (PP-CLR to (NP the Japanese culture)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ *-3) (PP-LOC-PRD in (NP Japan)) (ADVP-TMP *T*-2)))))))) .)) (TOP (SBARQ (WHNP-1 What) (SQ is (NP-SBJ *T*-1) (ADJP-PRD wrong (PP with (S-NOM (NP-SBJ *) (VP expecting (S (NP-SBJ the Japanese) (VP to (VP conform (PP-CLR to (NP American norms)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ they) (VP locate (ADVP-LOC here) (ADVP-TMP *T*-2)))))))))))) ?)) (TOP (S (NP-SBJ Americans) (VP place (NP native or native speakers) (PP-CLR in (NP (NP charge) (PP of (NP (NP subsidiaries) (ADVP-LOC overseas)))))) .)) (TOP (S (S (NP-SBJ European multinationals) (VP do (ADVP likewise))) ; (S (PP-LOC (ADVP even) in (NP America)) , (NP-SBJ-1 their affiliates) (VP are (ADVP usually) (VP run (NP *-1) (PP by (NP-LGS American managers))))) .)) (TOP (S But (NP-SBJ the Japanese) (VP insist (PP-CLR upon (NP Japanese managers)) (ADVP-LOC (ADVP everywhere) (SBAR (WHADVP-1 0) (S (NP-SBJ they) (VP set (PRT up) (NP shop) (ADVP-LOC *T*-1)))))) .)) (TOP (SQ Do (NP-SBJ the Japanese) (VP feel (ADJP-PRD so superior (SBAR that (S (NP-SBJ they) (VP can not (VP find (NP capable American managers))))))) ?)) (TOP (NP (NP Paul A. Herbig) (NP (NP Indiana University) (NP-LOC Bloomington , Ind)) .)) (TOP (S (NP-SBJ Mr. Kageyama) (VP suggests (SBAR that (S (NP-SBJ-1 Kotobuki Electronics Industries workers) (VP were (VP having (NP difficulty) (S-CLR (NP-SBJ *-1) (VP understanding (NP (NP their foreign bosses ') perspective)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Mr. Kageyama) (VP does (NP (NP an excellent job) (PP of (S-NOM (NP-SBJ *) (VP explaining (NP (NP the differences) , (ADJP both (ADJP cultural) and (ADJP philosophic)))))))))) , (NP-SBJ I) (VP question (NP his perspective)) .)) (TOP (SQ Would (NP-SBJ he) (VP suggest (SBAR that (S (NP-SBJ (NP employees) (PP of (NP (NP an American company) (VP doing (NP business) (PP-LOC in (NP Japan)))))) (VP conform (PP-CLR to (NP (NP their new bosses ') culture and philosophy)))))) ?)) (TOP (FRAG (ADVP Obviously) not .)) (TOP (S (ADVP Thus) (NP-SBJ the conclusion) (VP is (SBAR-PRD that (S (NP-SBJ the burden (S *ICH*-1)) (VP rests (PP-CLR with (NP management)) (S-1 (NP-SBJ *) (VP to (VP understand/adopt (NP (NP the culture and philosophy) (PP of (NP (NP the country) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ they) (VP are (VP operating (PP-LOC *T*-2))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 The workers) (VP can (VP-2 be (VP motivated (NP *-1))))) , and (S (NP-SBJ=1 the company) (VP=2 reach (NP its full potential))) , (SBAR-TMP (WHADVP-3 only when) (S (NP-SBJ management) (VP embraces (NP (NP the employees ') perspective) (ADVP-TMP *T*-3)))) .)) (TOP (NP (NP A. Lawton Langford) (NP (NP President) (NP (NP Municipal Code Corp .) (NP-LOC Tallahassee , Fla))) .)) (TOP (S (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ Mr. Kageyama) (VP left (PRT out) (NP (NP (NP one major aspect) (PP of (NP Japanese culture)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP permeated (NP his piece))))) : (NP (NP the belief) (PP in (NP (NP the superiority) (PP of (NP Japanese culture and behavior)) (PP vs. (NP others)))))))))) .)) (TOP (S (NP-SBJ-1 A manager) (VP should not (VP have (S (NP-SBJ *-1) (VP to (VP rebut (NP (NP the opinions) (PP of (NP his employees)) (PP about (NP (NP the style) (PP of (NP his management)))))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ-2 he) (VP should (VP listen (S (NP-SBJ *-2) (VP to (VP see (SBAR (WHADVP-3 how) (S (NP-SBJ-1 that criticism) (VP can (VP be (VP used (NP *-1) (ADVP-MNR constructively) (S-CLR (NP-SBJ *) (VP to (VP advance (NP (NP his objective) (PP of (S-NOM (NP-SBJ *) (VP carrying (PRT out) (NP (NP a set) (PP of (NP tasks))) (PP-MNR through (NP (NP the efforts) (PP of (NP his subordinates))))))))))) (ADVP-MNR *T*-3))))))))))) .)) (TOP (S (NP-SBJ (NP Japanese culture) (PP vs. (NP American culture))) (VP is (ADJP-PRD irrelevant)) .)) (TOP (S (NP-SBJ The key) (VP is (SBAR-NOM-PRD (WHADVP how) (S (NP-SBJ (NP a manager) (PP from (NP one culture))) (VP can (VP motivate (NP (NP employees) (PP from (NP another)))))))) .)) (TOP (S (SBAR-SBJ For (S (NP-SBJ Mr. Kageyama) (VP to (VP argue (SBAR that (S (NP-SBJ American employees) (VP must (ADVP-MNR passively) (VP accept (NP (NP a direct imposition) (PP of (NP (NP the Japanese way) (PP of (S-NOM (NP-SBJ *) (VP doing (NP things))))))))))))))) (VP is (NP-PRD (NP outright cultural chauvinism) (PP of (NP the first order)))) .)) (TOP (S (NP-SBJ The Japanese) (VP are (VP neglecting (NP the opportunity (S (NP-SBJ *) (VP to (VP synthesize (NP (NP a new corporate culture) (VP based (NP *) (PP-CLR on (NP (NP a fusion) (PP of (NP (NP the best aspects) (PP of (NP both national cultures)))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Kageyama) (VP is (ADJP-PRD accurate) (S-ADV (NP-SBJ *-1) (VP to (VP deny (NP a specific anti-American bias))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP is (ADJP-PRD more difficult) (S-1 (NP-SBJ *) (VP to (VP deny (NP (NP a general bigotry) (PP in (S-NOM (NP-SBJ *) (VP seeing (NP things) (NP-MNR only the Japanese way))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ (NP the response) (PP to (NP criticism))) (VP is (ADVP only) (NP-PRD (NP a better explanation) (PP of (NP policies)) (PP without (S-NOM (NP-SBJ *) (VP altering (NP (NP the reasons) (PP for (NP the criticism))))))) (ADVP-TMP *T*-2)))) , (NP-SBJ I) (VP am (ADJP-PRD convinced (SBAR that (S (NP-SBJ-1 Mr. Kageyama) (VP (VP has (ADVP still) (VP failed (S (NP-SBJ *-1) (VP to (VP attack (NP (NP the root cause) (PP of (NP the problem)))))))) and (VP is (ADVP simply) (VP treating (NP symptoms)))))))) .)) (TOP (NP (NP Norman L. Owens) (NP-LOC Tempe , Ariz) .)) (TOP (S (NP-SBJ Cie . Generale des Eaux) (VP (VP reported (SBAR that (S (NP-SBJ net profit) (VP climbed (NP-EXT 30 %) (PP-TMP in (NP (NP the first half) (PP of (NP 1989)))))))) and (VP said (SBAR that (S (NP-SBJ it) (VP expects (NP (NP a gain) (PP of (NP about 25 %)) (PP for (NP the full year)))))))) .)) (TOP (S (NP-SBJ The French water treatment group) (VP said (SBAR 0 (S (NP-SBJ (NP consolidated net profit) (PP after (NP (NP payments) (PP to (NP minority interests))))) (VP rose (PP-DIR to (NP (NP (QP 749 million) francs) -LRB- (NP (QP US$ 119.2 million) *U*) -RRB-)) (PP-DIR from (NP (QP 575 million) francs)) (PP-TMP in (NP (NP the first half) (PP of (NP 1988)))))))) .)) (TOP (S (NP-SBJ Revenue) (VP climbed (NP-EXT 13 %) (PP-DIR to (NP (QP 45.4 billion) francs)) (PP-DIR from (NP (QP 40.1 billion)))) .)) (TOP (S (NP-SBJ Generale des Eaux) (VP said (SBAR 0 (S (NP-SBJ-1 the earnings gain) (VP was (VP led (NP *-1) (PP by (NP-LGS its water , energy and building activities))))))) .)) (TOP (S (PP As (NP (NP a presidential candidate) (PP-TMP in (NP 1980)))) , (NP-SBJ George Bush) (ADVP-MNR forthrightly) (VP expressed (NP (NP his position) (PP on (NP abortion))) (PP-LOC in (NP (NP (NP an interview) (PP with (NP Rolling Stone magazine))) (VP published (NP *) (NP-TMP that March))))) .)) (TOP (SBARQ (WHNP-1 What) (SQ did (NP-SBJ he) (VP think (NP *T*-1) (PP-CLR of (NP (NP (NP the Supreme Court 's) decision) (VP legalizing (NP abortion)))))) ?)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 I) (VP happen (S (NP-SBJ *-2) (VP to (VP think (SBAR 0 (S (NP-SBJ it) (VP was (ADJP-PRD right))))))))) , '' (NP-SBJ Mr. Bush) (VP said (S *T*-1) (ADVP-MNR flatly)) .)) (TOP (S (ADVP-TMP (NP A few months) later) , (NP-SBJ Mr. Bush) (VP became (NP-PRD (NP Ronald Reagan 's) running mate)) .)) (TOP (S (ADVP Suddenly) , (NP-SBJ (NP George Bush) (NP the pro-choice advocate)) (VP became (NP-PRD (NP George Bush) (NP the anti-abortionist))) .)) (TOP (S And (NP-SBJ the vacillation) (VP did n't (VP end (ADVP-LOC there))) .)) (TOP (S (ADVP-TMP (NP Just a month) ago) , (NP-SBJ-1 Mr. Bush) (ADVP-MNR sternly) (VP threatened (S (NP-SBJ *-1) (VP to (VP veto (NP a pending welfare bill) (SBAR-ADV if (S (NP-SBJ it) (VP provided (NP any abortion funds) , (PP except (S-PRP (NP-SBJ *) (VP to (VP save (NP (NP a woman 's) life)))))))))))) .)) (TOP (S (ADVP Then) , (ADVP-TMP (NP two weeks) ago) -- (S-ADV (NP-SBJ *-1) (VP declaring (SBAR that `` (S (NP-SBJ I) (VP 'm not (VP looking (PP-CLR for (NP (NP any conflict) (PP over (NP this))))))) ''))) -- (NP-SBJ-1 the president) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP consider (NP a compromise (S (NP-SBJ *) (VP to (VP fund (NP (NP abortions) (PP for (NP poor women))) (PP-LOC in (NP (NP cases) (PP of (NP rape and incest))))))))))))) .)) (TOP (S But (PP-TMP (NP only four days) after (NP that)) , (NP-SBJ Mr. Bush) (VP resurrected (NP the veto threat)) .)) (TOP (S `` (S-TPC-3 (NP-SBJ I) (VP do not (VP support (NP (NP federal funding) (PP for (NP abortions))) (PP except (SBAR-TMP (WHADVP-2 where) (S (NP-SBJ-1 (NP the mother 's) life) (VP is (VP threatened (NP *-1) (ADVP-TMP *T*-2))))))))) , '' (NP-SBJ he) (VP (VP proclaimed (S *T*-3)) , and (VP (ADVP finally) vetoed (NP the measure) (NP-TMP last weekend))) .)) (TOP (SBARQ So (WHNP-1 what) (SQ does (NP-SBJ George Bush) (ADVP really) (VP believe (NP *T*-1))) ?)) (TOP (S (NP-SBJ The answer) (VP is (ADJP-PRD so murky (SBAR that (S (NP-SBJ-1 it) (VP is (VP beginning (S (NP-SBJ *-1) (VP to (VP get (S (NP-SBJ this popular president) (PP-PRD in (NP (NP trouble) (PP with (NP (NP each) (PP of (NP (NP the (ADJP increasingly vocal) , (ADJP increasingly powerful) sides) (PP of (NP the abortion issue)))))))))))))))))) .)) (TOP (S (NP-SBJ The result) (VP is (NP-PRD (NP mistrust and criticism) (PP from (ADVP all around)))) .)) (TOP (S (NP-SBJ Anti-abortion forces) (VP regard (NP him) (PP-CLR as (NP (ADVP at best) an uncertain ally))) .)) (TOP (SINV `` (S-TPC-1 (PP In (NP all honesty)) (SBAR-ADV if (S (NP-SBJ you) (VP ask (NP me) , ` (SQ Is (NP-SBJ this man) (NP-PRD a true believer) ?) '))) (NP-SBJ I) (VP do n't (VP know))) , '' (VP says (S *T*-1)) (NP-SBJ (NP John Fowler) , (NP (NP head) (PP of (NP the Washington-based (NX (NX Ad Hoc Committee) (PP in (NP (NP Defense) (PP of (NP Life))))) Inc)))) .)) (TOP (S (ADVP Yet) (NP-SBJ abortion-rights forces) (VP remain (ADJP-PRD bitterly critical)) .)) (TOP (S (NP-SBJ-1 (NP Douglas Gould) , (NP (NP vice president) (PP of (NP communications)) (PP for (NP (NP the Planned Parenthood Federation) (PP of (NP America))))) ,) (VP calls (S (NP-SBJ (NP (NP Mr. Bush 's) position) (PP on (NP the abortion-funding issue))) `` (ADJP-PRD extremely cruel)) , '' (S-ADV (NP-SBJ *-1) (VP adding : `` (S (NP-SBJ The guy) (VP has n't (VP done (NP (NP one thing) (PP about (NP prevention))))))))) .)) (TOP (S (NP-SBJ He) (VP 's (ADJP-PRD totally geared (PP to (NP a punitive position)))) . '')) (TOP (S (NP-SBJ Mr. Bush) (VP is (ADVP plainly) (ADJP-PRD uncomfortable (PP with (NP the entire abortion question)))) .)) (TOP (S (PP-TMP For (NP (NP most) (PP of (NP the past nine years)))) , (NP-SBJ-1 he) (VP has (VP striven (S (NP-SBJ *-1) (VP to (VP convince (NP anti-abortion activists) (PP-CLR of (NP (NP his stalwart support) (PP for (NP their position))))))))) .)) (TOP (S But (SBAR-TMP ever since (S (NP-SBJ (NP (NP the Supreme Court 's) (NAC Webster (PP vs. (NP Reproductive Health Services))) decision) (NP-TMP this year)) (VP changed (NP (NP the political landscape) (PP of (NP the abortion issue)))))) , (NP-SBJ-1 the president) (ADVP seemingly) (VP has (VP tried (ADVP-MNR just as hard) (S (NP-SBJ-2 *-1) (VP to (VP avoid (VP saying (NP (NP anything) (ADJP more)) (SBAR-ADV unless (S (NP-SBJ *-2) (VP pressed (PP-DIR to (NP the wall))))))))))) .)) (TOP (S (NP-SBJ Many Americans) (ADVP still) (VP agonize (PP-CLR over (NP (NP their own personal feelings) (PP about (NP abortion))))) .)) (TOP (S (NP-SBJ (NP Mr. Bush 's) problem) (VP is n't (ADVP (ADVP so much) (SBAR *ICH*-2)) (SBAR-PRD that (S (NP-SBJ-1 he) (VP seems (S (NP-SBJ *-1) (VP to (VP be (VP agonizing (PP-CLR over (NP the issue))))))))) (SBAR-2 as (S (NP-SBJ it) (VP is (SBAR-PRD that (S (NP-SBJ-3 he) (VP seems (S (NP-SBJ *-3) (VP to (VP vacillate (PP-CLR on (NP it)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The political risk) (VP would (VP be (ADJP-PRD far less) (SBAR-ADV if (S (NP-SBJ the president) (VP (VP drew (NP a firm line)) and (VP hewed (PP-CLR to (NP it))))))))) , (NP-SBJ experts) (VP insist (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ you) (VP have (NP a position)))) , (NP-SBJ you) (VP 're (ADJP-PRD (ADJP better (PRT off) (S (NP-SBJ *) (VP to (VP stick (PP-CLR with (NP it)))))) (SBAR than (S (NP-SBJ *) (VP to (VP move (ADVP around) (ADVP-EXT very much)))))))) , '' (VP says (S *T*-1)) (NP-SBJ Republican strategist John Sears) .)) (TOP (S (NP-SBJ (NP The need) (PP for (NP consistency))) (VP is (ADJP-PRD especially acute) (PP for (NP (NP Mr. Bush) , (SBAR (WHNP-1 who) (S-2 (NP-SBJ *T*-1) (PRN , (S (NP-SBJ Mr. Sears) (VP maintains (SBAR 0 (S *T*-2)))) ,) (VP lacks (NP a strong ideological base))))))) .)) (TOP (S (PP By (NP (NP his moderate Republican heritage) (CONJP as well as) (NP (NP the warnings) (PP of (NP (NP political advisers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP say (SBAR 0 (S (NP-SBJ the issue) (VP is (ADJP-PRD vital (PP to (NP younger voters)))))))))))))) , (NP-SBJ-2 the president) (VP might (VP seem (S (NP-SBJ *-2) (VP to (VP have (NP (NP (ADVP at least) some sympathy) (PP with (NP abortion-rights arguments)))))))) .)) (TOP (S (ADVP Yet) (NP-SBJ he) (VP is (ADVP also) (ADJP-PRD firmly bound (PP by (NP (NP his hard-line rhetoric) and (NP (NP promises) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP made (NP *T*-1) (PP-DTV to (NP anti-abortion activists)) (PP-TMP during (NP (NP his long pursuit) (PP of (NP the White House)))))))))))) .)) (TOP (S (PP On (NP (NP many issues) (PRN -- (NP (NP flag-burning) , (PP for (NP instance))) --))) (NP-SBJ his keen political sensitivities) (VP overcome (NP such conflicts)) .)) (TOP (S But (NP-SBJ-2 (NP Mr. Bush) and (NP his advisers)) (VP miscalculated (NP (NP the politics) (PP of (NP the abortion issue))) , (S-ADV (NP-SBJ-3 *-2) (VP failing (S (NP-SBJ *-3) (VP to (VP grasp (SBAR (WHADVP-4 how dramatically) (S (NP-SBJ-1 the abortion-rights movement) (VP would (VP be (VP aroused (NP *-1) (ADVP *T*-4) (PP-TMP following (NP (NP (NP last summer 's) Supreme Court decision (S (NP-SBJ *) (VP to (VP restrict (NP those rights))))) (PP-LOC in (NP the Webster case))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP was (NP-PRD (NP one) (PP of (NP (NP the quickest changes) (PP-LOC in (NP public attitudes)) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP 've (ADVP-TMP ever) (VP seen (NP *T*-1)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ former Reagan pollster Richard Wirthlin) .)) (TOP (S (NP-TMP These days) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ others) (VP raise (NP (NP the subject) (PP of (NP abortion))) (ADVP-TMP *T*-1)))) , (NP-SBJ the (ADJP usually loquacious) president) (VP can (VP be (ADJP-PRD close-mouthed (PP (ADVP almost) to (NP (NP the point) (PP of (NP curtness))))))) .)) (TOP (S (ADVP-TMP (NP Ten days) ago) (NP-SBJ-1 he) (VP was (VP asked (S (NP-SBJ *-1) (VP to (VP amplify (NP (NP the reasons) (PP behind (NP his anti-abortion stance)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ My position) (VP is (ADJP-PRD well-known and well-stated))) , '' (NP-SBJ he) (VP replied (S *T*-1)) .)) (TOP (S (NP-SBJ (NP A close look) (PP at (NP (NP his record) (PP-TMP over (NP the last 15 years))))) (VP suggests (SBAR that (S (NP-SBJ Mr. Bush) (VP has (VP well-stated (NP his views) -- (PP on (NP (NP all sides) (PP of (NP the issue))))))))) .)) (TOP (S (PP-TMP In (NP 1974)) , (PP as (NP (NP the U.S. representative) (PP to (NP the United Nations)))) , (NP-SBJ he) (VP wrote (NP (NP an introduction) (PP to (NP (NP a book) (PP on (NP world population)))) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ he) (VP boasted (PP-CLR of (NP (NP his leadership) (PP-TMP during (NP (NP his term) (PP in (NP Congress)))) (PP in (S-NOM (NP-SBJ *) (VP expanding (NP (NP family-planning services) (PP for (NP the poor)))))))) (PP-LOC *T*-1)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Running (PP-CLR for (NP president)) (PP-TMP in (NP early 1980)))) , (NP-SBJ-1 he) (VP was (ADVP also) (VP quoted (PP-CLR as (S-NOM (NP-SBJ *-1) (VP supporting (NP (NP federal funding) (PP for (NP abortions)) (UCP (PP-LOC in (NP (NP cases) (PP of (NP (NP rape) , (NP incest))))) and (S-PRP (NP-SBJ *) (VP to (VP save (NP (NP the life) (PP of (NP the mother))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP his Rolling Stone interview) (PP-TMP in (NP 1980)))) , (NP-SBJ-1 Mr. Bush) (VP volunteered (NP his abortion-rights remarks) (S-PRP (NP-SBJ *-1) (VP to (VP contrast (NP himself) (PP-CLR with (NP (NP his rival) , (NP Ronald Reagan))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ *-1) (VP supporting (NP (NP the landmark (NAC Roe (PP vs. (NP Wade))) Supreme Court decision) (VP legalizing (NP abortion)))))))) , (NP-SBJ-1 Mr. Bush) (VP said (SBAR 0 (S (NP-SBJ he) (VP opposed (NP (NP the constitutional ban) (PP on (NP abortion)) (SBAR (WHNP-3 that) (S (NP-SBJ-2 Mr. Reagan) (VP was (VP promising (S (NP-SBJ *-2) (VP to (VP promote (NP *T*-3))))))))))))) .)) (TOP (S (PP As (NP (NP Mr. Reagan 's) running mate)) , (ADVP though) , (NP-SBJ-1 Mr. Bush) (VP plunged (ADVP-MNR headlong) (PP-DIR into (NP the anti-abortion position)) , (S-ADV (NP-SBJ *-1) (VP endorsing (NP (NP a constitutional amendment) (VP outlawing (NP abortion)))))) .)) (TOP (S (NP-SBJ He) (VP acknowledged (NP (NP (NP only one difference) (PP with (NP Mr. Reagan))) -- (SBAR that (S (NP-SBJ-1 the amendment) (VP ought (S (NP-SBJ *-1) (VP to (VP have (NP (NP exceptions) (PP for (NP rape and incest)) (PP as well as (S-PRP (NP-SBJ *) (VP to (VP save (NP (NP a woman 's) life)))))))))))))) .)) (TOP (S (PP-TMP Throughout (NP the early 1980s)) , (NP-SBJ-1 Mr. Bush) (VP was (VP quoted (NP *-1) (S-CLR (NP-SBJ *-1) (VP (VP (ADVP-TMP sometimes) supporting (NP (NP federal funding) (PP for (NP abortion)) (PP-LOC in (NP (NP cases) (PP of (NP rape and incest)))))) and (VP (ADVP-TMP sometimes) opposing (NP it)))))) .)) (TOP (S (PP-TMP In (NP April 1986)) , (NP-SBJ then-Vice President Bush) (VP had (S (NP-SBJ his staff) (VP write (NP (NP a letter) (VP spelling (PRT out) (SBAR (SBAR that (S (NP-SBJ he) (VP would (VP support (NP (NP a constitutional amendment) (VP banning (NP abortions) (PP except (PP-LOC in (NP (NP cases) (PP of (NP (NP rape) , (NP incest) and (NP life endangerment)))))))))))) , but (SBAR that (S (NP-SBJ he) (VP opposed (NP federal funding) (PP-LOC in (NP (NP all) (PP but (NP the latter case))))))))))))) .)) (TOP (S (PP-LOC At (NP the GOP convention)) (NP-TMP last year) , (NP-SBJ he) (ADVP again) (VP came (PRT out) (PP-CLR for (NP (NP an amendment) (PP with (NP (NP exceptions) (PP for (NP (NP rape) , (NP incest) and (NP life endangerment)))))))) .)) (TOP (S (NP-SBJ His rhetoric) (VP gathered (NP momentum) (SBAR-TMP as (S (NP-SBJ-1 he) (VP rolled (PP-DIR into (NP office))) , (S-ADV (NP-SBJ *-1) (VP affirming (NP his `` firm support (PP of (NP our cause)) '') (PP-TMP during (NP (NP an anti-abortion rally) (PP-TMP (NP three days) after (NP (NP his inauguration) (NP-TMP last January)))))))))) .)) (TOP (S (NP-SBJ He) (ADVP again) (VP urged (NP (NP passage) (PP of (NP (NP a constitutional amendment) (VP outlawing (NP abortion)))))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the high court) (VP ruled (PP-LOC in (NP the Webster case)) (PP-TMP in (NP July)) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 the president) (VP began (S (NP-SBJ *-2) (VP to (VP lower (NP the volume))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the ruling) (VP was (VP handed (PRT down) (ADVP-TMP *T*-1))))) , (NP-SBJ-2 the vacationing president) (VP (VP dispatched (S (NP-SBJ (NAC Chief (PP of (NP Staff))) John Sununu) (VP to (VP issue (NP a statement))))) and (VP refused (S (NP-SBJ *-2) (VP to (VP answer (NP questions) (NP-ADV himself)))))) .)) (TOP (S (NP-SBJ He) (VP did (ADVP-TMP later) (VP threaten (NP vetoes) (PP (PP over (NP (NP legislation) (VP restoring (NP (NP the District (PP of (NP Columbia)) 's) right (S (NP-SBJ-1 *) (VP to (VP use (NP its own tax money) (S-CLR (NP-SBJ *-1) (VP to (VP fund (NP (NP abortions) (PP for (NP poor women))))))))))))) and (PP over (S-NOM (NP-SBJ *) (VP restoring (NP funding) (PP-CLR to (NP the United Nations Population Fund)))))))) .)) (TOP (S But (PP-TMP in (NP (NP the months) (PP-TMP since (NP then)))) , (SBAR-TMP while (S (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP drum (PRT up) (NP (NP support) (PP for (NP (NP other issues) -- (PP such as (NP an anti-flag-burning constitutional amendment)) --))))))))) (NP-SBJ-1 he) (VP has (VP shied (PRT away) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP talking (PP-CLR about (NP abortion))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-3 What few comments) (S (NP-SBJ he) (VP has (VP initiated (NP *T*-3))))) (VP have (VP been (ADJP-PRD oblique) , (PP such as (S-NOM (NP-SBJ *) (VP urging `` (NP (NP greater efforts) (PP toward (NP (NP the protection) (PP of (NP human life))))) '' (PP-LOC at (NP (NP a meeting) (PP of (NP Catholic lawyers)) (PP-LOC in (NP Boston)) (NP-TMP last month)))))))) .)) (TOP (S (NP-SBJ The White House) (VP has (ADVP likewise) (VP avoided (NP (NP any involvement) (PP in (NP (NP (NP Florida 's) recent special legislative session) (PP on (NP abortion)) , (SBAR (WHNP-1 which anti-abortion forces) (S (NP-SBJ-2 *T*-1) (VP had (VP regarded (NP *-2) (PP-CLR as (NP (NP a key test) (PP of (NP their ability (S (NP-SBJ *) (VP to (VP get (S (NP-SBJ state lawmakers) (VP to (VP toughen (NP abortion restrictions)))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The session) (VP failed (S (NP-SBJ *-1) (VP to (VP enact (NP any new curbs))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ some) (VP see (S (NP-SBJ Mr. Bush) (VP trapped (PP-LOC in (NP (NP a position) (SBAR (WHNP-1 0) (S (NP-SBJ-2 he) (VP is (ADJP-PRD neither (ADJP comfortable (PP with (NP *T*-1))) nor (ADJP able (S (NP-SBJ *-2) (VP to (VP escape (NP *T*-1)))))))))))))) .)) (TOP (S (NP-SBJ (NP Ken Ruberg) , (NP (NP head) (PP of (NP (NP the Republican Mainstream Committee) , (NP (NP a group) (PP of (NP party moderates))) ,)))) (VP observes : `` (S (NP-SBJ The administration) (VP finds (NP itself) (PP-LOC-CLR in (NP (NP an ideological cul de sac) (SBAR (WHNP-2 that) (S (NP-SBJ it) (VP will (VP find (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD (ADJP difficult) (PRN -- (SBAR if (FRAG not (ADJP impossible))) --)) (S-1 (NP-SBJ *) (VP to (VP get (NP itself) (PP-DIR-CLR out (PP of (NP *T*-2)))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Christopher Cox 's) Oct. 13 editorial-page article) `` (PP-TTL Toward (NP More Crippling Lawsuits)) ... '') (VP misses (NP the point)) .)) (TOP (S (NP-SBJ The 1989 (NAC Americans (PP With (NP Disabilities))) Act) (VP is (PP-PRD about (S-NOM (NP-SBJ *) (VP eliminating (NP discriminatory barriers))))) .)) (TOP (S (SBAR (WHADVP-2 When) (S (NP-SBJ we) (VP look (ADVP-MNR closely) (PP-CLR at (NP our own history)) (ADVP-TMP *T*-2)))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD clear) (SBAR-1 that (S (NP-SBJ our (ADJP constitutionally mandated) civil rights) (VP have (VP evolved (PP-MNR not (PP through (NP (NP the goodness) (PP of (NP (NP people 's) hearts)))) but (PP through (NP (NP legislation) and (NP constitutional amendments))))))))) .)) (TOP (S (NP-SBJ This) (VP is (SBAR-PRD (WHADVP how) (S (NP-SBJ American women) (VP won (NP the right (S (NP-SBJ *) (VP to (VP vote)))))))) .)) (TOP (S And (NP-SBJ it) (VP is (SBAR-PRD (WHADVP how) (S (NP-SBJ-1 (NP African-Americans) and (NP other minority groups)) (VP were (VP guaranteed (NP *-1) (NP (NP their equal rights) (PP as (NP (NP citizens) (PP-LOC in (NP this nation)))))))))) .)) (TOP (S (PP For (NP (NP the (QP more than 43 million) Americans) (PP with (NP disabilities)))) , (NP-SBJ the 1989 (NAC Americans (PP With (NP Disabilities))) Act) (VP provides (NP the missing piece)) .)) (TOP (S (NP-SBJ Disabled Americans) (VP have (VP had (S (NP-SBJ their civil rights) (VP guaranteed (PP-LOC in (NP all (ADJP federally funded) programs)))) (SBAR-TMP since (S (NP-SBJ-1 Section 504) (VP was (VP passed (NP *-1) (PP-CLR as (NP (NP a part) (PP of (NP the 1973 Rehabilitation Act)))))))))) .)) (TOP (S (NP-SBJ The 1989 act) (ADVP simply) (VP extends (NP these guarantees) (PP-CLR to (NP the private sector))) .)) (TOP (S (NP-SBJ-2 (NP Those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP fear (S (NP-SBJ (NP a plethora) (PP of (NP suits))) (VP paralyzing (NP our legal system))))))) (VP need (S (NP-SBJ *-2) (ADVP only) (VP look (PP-CLR at (NP (NP the record) (PP on (NP the Rehabilitation Act))))))) .)) (TOP (S (PP Without (NP legal recourse)) , (NP-SBJ there) (VP are (NP-PRD (NP no guarantees) (PP of (NP civil rights)) (PP for (NP anyone)))) .)) (TOP (NP (NP John R. Garrison) (NP (NP President) (NP National Easter Seal Society)))) (TOP (S (NP-SBJ Ford Motor Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP consolidating (NP (NP control) (PP of (NP its Asian operations))) (PP-LOC-CLR under (NP (NP (NP a new organization) (ADVP-LOC here)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP headed (NP *-1) (PP by (NP-LGS W. Wayne Booker)))))))))))))) .)) (TOP (S (NP-SBJ Ford Asia-Pacific) (VP will (VP (VP coordinate (NP (NP the activities) (PP of (NP (NP Ford subsidiaries) (PP-LOC in (NP (NP Japan) , (NP Australia) , (NP Taiwan) and (NP New Zealand))))))) and (VP work (PP-CLR with (NP (NP Ford business associates) (PP-LOC throughout (NP the region))))))) .)) (TOP (S (NP-SBJ These functions) (VP are (ADVP-TMP currently) (VP performed (PP-LOC (PP out (PP of (NP Melbourne , Australia ,))) and (PP at (NP (NP (NP Ford 's) headquarters) (PP-LOC in (NP Dearborn , Mich))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Booker) , (NP (NP executive director) (PP of (NP (NP Ford 's) Latin America Automotive Operations)) (PP-TMP since (NP December 1988))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP vice president) (PP of (NP Ford Asia-Pacific)))))) .)) (TOP (S (NP-SBJ (NP Goodyear Tire & Rubber Co.) , (VP buoyed (NP *) (PP by (NP-LGS (NP (ADJP improved) operating profit) (PP-LOC in (NP its tire segment))))) ,) (VP reported (SBAR that (S (NP-SBJ third-quarter net income) (VP rose (NP-EXT 11 %) (PP-DIR to (NP (NP (QP $ 70.5 million) *U*) , or (NP (NP $ 1.22 *U*) (NP-ADV a share)))))))) .)) (TOP (S (PP-TMP In (NP the year-ago period)) , (NP-SBJ Goodyear) (VP had (NP (NP net) (PP of (NP (NP (QP $ 63.5 million) *U*) , or (NP (NP $ 1.11 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (ADVP-EXT slightly) (PP-DIR to (NP (QP $ 2.68 billion) *U*)) , (PP-DIR from (NP (QP $ 2.66 billion) *U*))) .)) (TOP (S (NP-SBJ Analysts) (VP had (NP (NP mixed responses) (PP to (NP the results)))) .)) (TOP (S (NP-SBJ (NP Donald DeScenza) , (NP (NP an independent analyst) (PP-LOC in (NP (NP New Canaan) , (NP Conn.)))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP was `` (ADJP-PRD impressed (PP with (NP (NP the company 's) performance))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ results) (VP (VP were (ADJP-PRD (ADJP better) (SBAR than (S (NP-SBJ he) (VP 'd (VP expected (S *?*))))))) and (VP indicate (SBAR that (S (NP-SBJ Goodyear) (VP is (PP-LOC-PRD in (NP (NP the midst) (PP of (NP (NP a turnaround) (PP from (NP (NP a string) (PP of (NP (NP lackluster quarters) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP plagued (NP the company) (PP-TMP for (NP a year)))))))))))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP Harry Millis) , (NP (NP an analyst) (PP-LOC at (NP (NP McDonald & Co.) , (NP Cleveland)))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP Goodyear 's) results) `` (VP fell (PP-CLR at (NP (NP the bottom) '' (PP of (NP (NP his range) (PP of (NP estimates)))))))))) .)) (TOP (S (PP-TPC-1 Excluding (NP (NP (NP an increase) (PP-LOC in (NP the tax rate))) and (NP (NP the effects) (PP of (NP foreign currency translations))))) , (NP-SBJ Mr. Millis) (VP said (SBAR 0 (S (NP-SBJ (NP the company 's) results) `` (VP were (ADVP still) (ADJP-PRD (NP-ADV a little) disappointing) (PP *T*-1))))) . '')) (TOP (S (NP-SBJ-2 (NP (NP Goodyear 's) stock) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (ADJP-PRD weak) (PP-TMP in (NP recent weeks)))))) ,) (VP fell (NP-EXT $ 2.875 *U*) (NP-TMP yesterday) (S-CLR (NP-SBJ *-2) (VP to (VP close (PP-CLR at (NP (NP $ 43.875 *U*) (NP-ADV a share)))))) (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange))))) .)) (TOP (S (NP-SBJ The (ADJP Akron , Ohio-based) company) (VP said (SBAR 0 (S (NP-SBJ (NP pretax operating income) (PP-LOC in (NP its tire segment))) (VP jumped (NP-EXT (QP about 31) %) (PP-DIR to (NP (QP $ 196.2 million) *U*)) (PP-DIR from (NP (QP $ 150.2 million) *U*) (ADVP-TMP (NP a year) earlier)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP improvements) (PP-LOC in (NP (NP raw material costs) , (NP (NP sales) (PP of (NP replacement tires))) and (NP pricing)))))))))) .)) (TOP (S (NP-SBJ (NP McDonald 's) Mr. Millis) (VP said (SBAR 0 (S (NP-SBJ-1 Goodyear) (VP appeared (S (NP-SBJ *-1) (VP to (VP have (VP held or gained (NP (NP some market share) (PP-LOC in (NP the U.S.))) (PP-TMP for (NP (NP the first time) (PP since (NP (NP the second quarter) (PP of (NP 1988)))))))))))))) .)) (TOP (S But (NP-SBJ Goodyear) (VP said (SBAR 0 (S (NP-SBJ total U.S. tire unit sales) (VP were (ADVP-PRD off (NP (QP about 2) %)))))) .)) (TOP (S (S (NP-SBJ Total tire segment sales) (VP were (ADVP-PRD up (NP-EXT (QP only about 1) %) (PP-DIR to (NP (QP $ 2.2 billion) *U*))))) , and (S (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ it) (VP reduced (NP manufacturing levels) (PP-LOC at (NP (NP some) (PP of (NP its U.S. tire plants)))) (PP-PRP because of (NP (NP inventory adjustments) and (NP (NP slackened production) (PP by (NP auto makers)))))))))) .)) (TOP (S (PP-TMP In (NP the latest quarter)) , (NP-SBJ (NP Goodyear 's) tax rate) (VP was (NP-PRD 51 %) (PP compared (PP with (NP (NP 41 %) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ total tax outlays) (VP were (NP-PRD (QP $ 73.5 million) *U*) , (PP compared (PP with (NP (NP (QP $ 44.1 million) *U*) (ADVP-TMP (NP the year) earlier))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ profit) (VP skidded (NP-EXT (QP about 35) %) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP (NP charges) (VP taken (NP *) (PP-TMP in (NP (NP this year 's) second quarter)))) and (NP (NP the effect) (PP of (NP (NP translations) (PP of (NP weaker foreign currencies)) (PP into (NP the stronger U.S. dollar))))))))) .)) (TOP (S (NP-SBJ Net) (VP was (NP-PRD (NP (QP $ 192.1 million) *U*) , or (NP (NP $ 3.33 *U*) (NP-ADV a share))) , (PP compared (PP with (NP (NP net) (PP of (NP (NP (QP $ 293.7 million) *U*) , or (NP (NP $ 5.13 *U*) (NP-ADV a share)))) , (NP-TMP (NP the year) (ADVP earlier)))))) .)) (TOP (S (NP-SBJ The latest nine months) (VP included (NP (NP charges) (PP of (NP (QP $ 95 million) *U*)) (VP related (NP *) (PP-CLR to (NP (NP (NP the company 's) (ADJP South African) subsidiary) and (NP (NP unused pipe) (VP sold (NP *) (PP by (NP-LGS its crude oil pipeline unit))))))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT (QP nearly 2) %) (PP-DIR to (NP (QP $ 8.13 billion) *U*)) (PP-DIR from (NP (QP $ 7.98 billion) *U*))) .)) (TOP (S (NP-SBJ Environmental Control Group Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP (NP `` minimal '' earnings) or (NP a loss)) (PP for (NP the third quarter)))))))))) .)) (TOP (S (NP-SBJ The environmental services company) (VP said (SBAR that (S (NP-SBJ (NP (NP the discontinuation) (PP of (NP unsuccessful product lines))) and (NP (NP an increase) (PP-LOC in (NP baddebt reserves)))) (ADVP probably) (VP will (VP result (PP-CLR in (NP (NP (NP charges) (PP of (NP (QP $ 2.5 million to $ 4 million) *U*))) , (SBAR (WHNP-2 (WHNP most) (WHPP of (WHNP which))) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP taken (NP *-1) (PP-CLR against (NP third-quarter results)))))))))))))) .)) (TOP (S (PP-TMP In (NP the year-ago quarter)) , (NP-SBJ the company) (VP reported (NP (NP earnings) (PP of (NP (NP (QP $ 2.2 million) *U*) , or (NP (NP 35 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Former USX Corp. Chairman David M. Roderick) (VP may (VP have (VP been (ADJP-PRD lucky (SBAR 0 (S (NP-SBJ he) (VP retired (NP-TMP last May)))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ he) (VP handed (PRT over) (NP the reins) (PP-DTV to (NP successor Charles A. Corry))))) , (NP-SBJ steel profits) (VP were (ADVP-LOC-PRD close (PP to (NP a cyclical peak)))) .)) (TOP (S (S (SBAR-ADV Though (S (NP-SBJ imports) (VP were (ADJP-PRD troublesome)))) , (NP-SBJ they) (VP were n't (VP running (ADVP away) (PP with (NP the market))))) , and (S (NP-SBJ American companies) (VP had (NP high hopes (SBAR that (S (NP-SBJ-1 steel import quotas) (VP would (VP be (VP extended (NP *-1) (PP-TMP for (NP another five years)))))))))) .)) (TOP (S (ADJP-ADV Perhaps most important) , (NP-SBJ-1 (NP Carl Icahn) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP had (ADVP-TMP once) (VP threatened (NP a hostile takeover bid))))) ,) (VP was (VP subdued (NP *-1))) .)) (TOP (S (NP-SBJ (NP He) and (NP Mr. Roderick)) (VP were (ADVP even) (VP dining (PRT out) (ADVP-MNR together))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ Mr. Corry) (VP presides (PP-CLR over (NP (NP a company) (SBAR (WHNP-1 whose fortunes) (S (NP-SBJ *T*-1) (VP have (VP changed (ADVP-MNR abruptly)))))))) .)) (TOP (S (S (NP-SBJ (NP Mr. Icahn) , (NP (NP the company 's) (ADJP deep-pocketed) , tenacious adversary) ,) (ADVP-TMP recently) (VP disclosed (SBAR that (S (NP-SBJ he) (VP had (VP raised (NP his USX stake) (PP-DIR to (NP 13.1 %)))))))) , and (S (NP-SBJ he) (ADVP again) (VP threatened (NP a takeover))) .)) (TOP (S (NP-SBJ (NP A battle) (PP with (NP Mr. Icahn))) (VP would (VP rattle (NP even the (ADJP most seasoned) chief executive) , (S-ADV (NP-SBJ *) (VP to (VP say (NP (NP nothing) (PP of (NP (NP one) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP took (NP the helm) (ADVP-TMP (NP (QP less than five) months) ago)))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP (NP USX 's) giant steel segment) , (VP representing (NP (NP 34 %) (PP of (NP its 1988 sales)))) ,) (VP is (VP facing (NP (NP (NP softening demand) and (NP slipping prices)) (CONJP as well as) (NP (NP increasing competition) (PP from (NP (NP foreign steelmakers) and (NP low-cost minimills))))))) .)) (TOP (S (S (NP-SBJ The import quotas) (VP got (NP only a (ADJP 2 1) extension))) , and (S (NP-SBJ USX) (VP is (VP laboring (PP-LOC under (NP a staggering (ADJP (QP $ 5.8 billion) *U*) debt)) (PP-TMP at (NP (NP a time) (SBAR (WHADVP-2 when) (S (NP-SBJ-1 it) (VP must (VP spend (NP money) (S-PRP (NP-SBJ *-1) (VP to (VP (VP upgrade (NP steel mills)) and (VP drill (PP-CLR for (NP oil)))))) (ADVP-TMP *T*-2)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD (NP a baptism) (PP of (NP fire))) (PP for (NP Corry)))) , '' (VP says (S *T*-1)) (NP-SBJ one USX executive) .)) (TOP (S (NP-SBJ The burning question) (VP is (SBAR-PRD whether (S (NP-SBJ-2 the new chief) (VP can (VP parry (NP Mr. Icahn) (PP without (S-NOM (NP-SBJ-1 *-2) (VP being (VP pushed (NP *-1) (PP-DIR into (NP unwelcome moves))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Corry) (VP might (VP have (S (NP-SBJ *-1) (VP to (VP dismember (NP the company) (ADVP (ADVP more) (SBAR than (S (NP-SBJ-2 he) (VP wants (S (NP-SBJ *-2) (VP to (VP *?*)))))))))))) .)) (TOP (S Or (NP-SBJ-1 he) (VP might (VP have (S (NP-SBJ *-1) (VP to (VP incur (NP (NP a huge expense) (PP of (S-NOM (NP-SBJ *) (VP either (VP buying (NP (NP Mr. Icahn 's) stock) , (PP (ADVP possibly) at (NP a premium))) , or (VP paying (NP stockholders) (NP a special dividend) (PP-PRP (ADVP partly) because of (NP (NP Mr. Icahn 's) pressure)))))))))))) .)) (TOP (S (PP With (NP (NP his recent purchases) (PP of (NP USX common stock)))) , (NP-SBJ Mr. Icahn) (VP shattered (NP (NP a three-year-old , unwritten standstill agreement) (PP with (NP Mr. Roderick)))) .)) (TOP (S (PP-TMP In (NP 1986)) , (NP-SBJ Mr. Roderick) (ADVP-MNR adroitly) (VP dodged (NP (NP Mr. Icahn 's) first bullet) (SBAR-TMP after (S (NP-SBJ the takeover specialist) (VP had (VP built (PRT up) (NP an (ADJP 11.4 %) stake)))))) .)) (TOP (S (NP-SBJ-2 Mr. Roderick) (VP did (ADVP so) (PP-MNR by (NP (S-NOM (NP-SBJ *-2) (VP having (S (NP-SBJ USX) (VP redeem (NP (NP a series) (PP of (NP guaranteed notes))))))) , (NP (NP a move) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) , (PP in (NP effect)) , (VP raised (NP (NP the cost) (PP of (NP a (ADJP (QP $ 7.19 billion) *U*) Icahn bid))) (PP-EXT by (NP (QP about $ 3 billion) *U*))))))))) .)) (TOP (S And (NP-SBJ-1 he) (VP managed (S (NP-SBJ *-1) (VP to (VP (VP fend (PRT off) (NP further advances)) and (VP (ADVP even) strike (PRT up) (NP (NP an unlikely friendship) (PP with (NP the interloper)))))))) .)) (TOP (S (PP-LOC Over (NP (NP dinners) (PP-LOC at (NP (NP New York 's) Sky Club and Links Club restaurants)))) , (NP-SBJ (NP the steel executive) and (NP the big investor)) (VP talked (NP (NP steel) , (NP international trade) and (NP thoroughbred horses))) .)) (TOP (S (NP-SBJ (NP Mr. Corry) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP has (VP boned (PRT up) (PP-CLR on (NP corporate raiders)) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP reading (NP (NP T. Boone Pickens 's) autobiography)))))))) ,) (VP had (VP hoped (SBAR 0 (S (NP-SBJ the detente) (VP would (VP continue)))))) .)) (TOP (S-2 (NP-SBJ-1 He) (VP was (ADJP-PRD shocked (PRN , (S (NP-SBJ associates) (VP say (SBAR 0 (S *T*-2)))) ,) (S (NP-SBJ *-1) (VP to (VP learn (PP-CLR of (NP (NP Mr. Icahn 's) new takeover threat))))))) .)) (TOP (S -LRB- (NP-SBJ-2 Both men) (VP declined (S (NP-SBJ-1 *-2) (VP to (VP be (VP interviewed (NP *-1) (PP-PRP for (NP this article))))))) . -RRB-)) (TOP (S But (NP-SBJ the (ADJP fiercely competitive) Mr. Corry) (ADVP-MNR quickly) (VP showed (SBAR 0 (S (NP-SBJ he) (VP 's (NP-PRD no pushover))))) .)) (TOP (S (NP-SBJ-1 He) (VP (VP huddled (PP-CLR with (NP directors)) (PP-LOC at (NP a special meeting)) (ADVP-TMP (NP two weeks) ago)) and (VP tried (S (NP-SBJ *-1) (VP to (VP block (NP his opponent)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the board) (VP believed (SBAR that (S (NP-SBJ-2 Mr. Icahn) (VP is (ADJP-PRD (ADJP more interested (PP in (S-NOM (NP-SBJ *-2) (VP talking (NP the stock price) (ADVP-DIR higher))))) (PP than (S-NOM (NP-SBJ *-2) (VP acquiring (NP USX))))))))))) , (NP-SBJ it) (VP adopted (NP (NP a poison-pill defense) , (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP swallowed (NP *-1) (SBAR-ADV if (S (NP-SBJ anyone) (VP amasses (NP a (ADJP 15 %) stake))))))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ it) (VP 's (NP-PRD (NP Mr. Icahn 's) move)) .)) (TOP (SQ Will (NP-SBJ-2 he) (VP try (S (NP-SBJ *-2) (VP to (VP (VP gain (NP (NP (NP a seat) (PP on (NP *RNR*-1))) or (NP (NP control) (PP of (NP *RNR*-1))) (NP-1 the board))) and (VP force (NP (NP a radical split) (PP of (NP USX)) (PP into (NP separate oil and steel companies)))))))) ?)) (TOP (SQ (PP Given (NP (NP the weakness) (PP of (NP the junk-bond market)))) , can (NP-SBJ he) (VP finance (NP a buy-out)) ?)) (TOP (S (NP-SBJ-3 Mr. Icahn) (VP may not (VP want (S (NP-SBJ *-3) (VP to (VP sell (PRT out)))) (SBAR-ADV unless (S (NP-SBJ he) (VP can (VP get (NP (NP (NP a special dividend) (ADJP similar (PP to (NP (NP one) (SBAR (WHNP-2 0) (S (NP-SBJ-4 he) (VP received (NP *T*-2) (PP-TMP before (S-NOM (NP-SBJ *-4) (VP selling (NP (NP his stake) (PP in (NP Texaco Inc.))) (PP-TMP in (NP June)))))))))))) -- (NP (NP a coup) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP gave (NP him) (NP (NP enough cash) (SBAR (WHADVP-5 0) (S (NP-SBJ *) (VP to (VP make (NP his USX move) (ADVP *T*-5))))))))))))))))) .)) (TOP (S And (SBAR-ADV although (S (NP-SBJ-1 (NP the recent turmoil) (PP-LOC in (NP the stock and junk-bond markets))) , (PP-MNR by (S-NOM (NP-SBJ *-1) (VP making (S (NP-SBJ (NP it) (S *EXP*-2)) (ADJP-PRD harder) (S-2 (NP-SBJ *) (VP to (VP arrange (NP takeover financing)))))))) , (VP has (VP eased (NP (NP some) (PP of (NP (NP the pressure) (PP on (NP Mr. Corry))))))))) , (NP-SBJ it) (VP does n't (VP end (NP the takeover threat))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP know (SBAR 0 (S (NP-SBJ it) (VP 's not (ADVP-PRD over)))))) , '' (NP-SBJ-2 a sober-faced Mr. Corry) (VP acknowledged (S *T*-1) (SBAR-TMP while (S (NP-SBJ *-2) (VP (VP greeting (NP steel suppliers) (PP-LOC in (NP New York)) (PP-TMP on (NP Oct. 12))) and (VP inviting (NP them) (PP-CLR to (NP (NP a buffet) (PP of (NP salmon and sushi)) (PP in (NP (NP honor) (PP of (NP (NP Kobe Steel Ltd.) , (NP (NP (NP USX 's) partner) (PP-LOC in (NP (NP a steel mill) (PP-LOC in (NP Lorain , Ohio)))))))))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ it) (VP 's (ADVP barely) (VP begun (PP for (NP (NP Mr. Corry) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP faces (NP tough decisions) (SBAR-TMP before (S (NP-SBJ he) (VP has (VP had (NP a chance (S (NP-SBJ *) (VP to (VP get (VP settled (PP-CLR into (NP his new job)))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ He) (VP 's (PP-LOC-PRD in (NP a vulnerable position)) (SBAR-PRP because (S (NP-SBJ he) (VP has n't (VP established (NP much credibility) (PP-MNR on (NP his own)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Bryan Jacoboski) , (NP (NP a securities analyst) (PP-LOC at (NP PaineWebber Inc)))) .)) (TOP (S (NP-SBJ The 57-year-old tax attorney) (ADVP-TMP never) (VP (ADVP even) aspired (PP-CLR to (NP (NP the job) (PP of (NP chief executive))))) .)) (TOP (S (S-ADV (NP-SBJ *-3) (NP-PRD (NP An undistinguished college student) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP dabbled (PP-CLR in (NP zoology)) (SBAR-TMP until (S (NP-SBJ he) (VP concluded (SBAR that (S (NP-SBJ he) (VP could n't (VP stand (VP cutting (PRT up) (NP frogs)))))))))))))) , (NP-SBJ-3 Mr. Corry) (VP wanted (S (NP-SBJ *-3) (VP to (VP work (PP-CLR for (NP (NP a big company) `` (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP could (VP do (NP big things))))))))))) . '')) (TOP (S But (PP after (S-NOM (NP-SBJ *-1) (VP joining (NP (NP the tax department) (PP of (NP a USX subsidiary))) (ADVP-TMP (NP 30 years) ago)))) , (NP-SBJ-1 he) (VP set (NP (NP the modest goal) (PP of (S-NOM (NP-SBJ *) (VP becoming (NP tax manager) (PP-TMP by (NP (NP the age) (PP of (NP 46))))))))) .)) (TOP (S (PP-TMP For (NP years)) , (NP-SBJ-1 he) (ADVP-MNR quietly) (VP stuck (PP-CLR to (NP the back accounting rooms)) , (S-ADV (NP-SBJ *-1) (VP wearing (NP a hat) (PP-CLR to (NP work)) (SBAR-PRP because (S (NP-SBJ (NP everyone) (ADJP else)) (VP did (VP *?*))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP was (ADVP-TMP never) (NP-PRD a rebel))) , '' (NP-SBJ he) (VP said (S *T*-1) (PP-LOC in (NP an earlier interview))) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ (NP most) (PP of (NP (NP the people) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP been (PP-LOC-PRD around (NP me))))))))) (VP would (ADVP-TMP ever) (VP say (SBAR 0 (S (NP-SBJ they) (VP 've (VP seen (S (NP-SBJ me) (VP (VP pound (NP the table)) or (VP get (ADJP-PRD angry)))))))))))))) . '')) (TOP (S (ADVP Yet) , (NP-SBJ-1 the unassuming Mr. Corry) (VP helped (S (NP-SBJ *-1) (VP chart (NP (NP (NP USX 's) transition) (PP from (NP Big Steel)) (PP to (NP Big Oil)))))) .)) (TOP (S (NP-SBJ He) (VP served (PP-CLR as (NP (NP Mr. Roderick 's) front man)) (PP-LOC in (NP (NP tense negotiations) (PP for (NP (NP the 1982 purchase) (PP of (NP Marathon Oil)) (PP for (NP (QP $ 5.9 billion) *U*))))))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ-2 Mr. Corry) , (SBAR-TMP once (S (NP-SBJ-3 *-2) (VP named (S (NP-SBJ *-3) (NP-PRD chief executive))))) , (VP did n't (VP waste (NP any time) (S-CLR (NP-SBJ *-2) (VP distancing (NP himself) (PP-CLR from (NP (NP his former boss) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP still) (VP has (NP (NP an office) (PP-LOC on (NP (NP the 62nd floor) (PP of (NP (NP the USX tower) (PP-LOC in (NP Pittsburgh)))))))))))))))) .)) (TOP (S (PP-TMP (ADVP Soon) after (S-NOM (NP-SBJ *-2) (VP taking (PRT over) (NP-TMP last June)))) , (NP-SBJ-2 Mr. Corry) (VP (VP rescinded (NP (NP a pay cut) (VP imposed (NP *) (PP-CLR on (NP clerical workers))))) , (NP (NP a move) (SBAR (WHNP-1 that) (S (NP-SBJ Mr. Roderick) (VP had n't (VP made (NP *T*-1) (PP in (NP (NP spite) (PP of (NP improved earnings)))))))))) .)) (TOP (S (NP-SBJ Mr. Corry) (ADVP also) (VP ruled (SBAR that (S (NP-SBJ-1 all board meetings) (VP would (VP be (VP held (NP *-1) (PP-LOC in (NP (NP Pittsburgh) (CONJP instead of) (NP (NP New York) or (NP (NP Findlay , Ohio) , (NP (NP Marathon 's) home))))))))))) .)) (TOP (S And , (NP-TMP earlier this month) , (NP-SBJ he) (VP announced (NP (NP the sale) (PP of (NP (NP the reserves) (PP of (NP (NP Texas Oil & Gas) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP (VP was (VP acquired (NP *T*-2) (ADVP-TMP (NP three years) ago))) and (VP has n't (VP posted (NP any significant operating profits) (ADVP-TMP since)))))))))))) .)) (TOP (S (NP-SBJ One former executive) (VP says , `` (S (NP-SBJ (NP Nobody) (PP *ICH*-1) (PP *ICH*-2)) (VP wanted (NP that deal) (PP-1 inside (NP USX)) (PP-2 except (NP (NP Dave Roderick) , '' (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP was (NP-PRD (NP a hunting and fishing buddy) (PP of (NP (NP William L. Hutchison) , (NP (NP chairman) (PP of (NP Texas Oil & Gas)))))))))))))) .)) (TOP (S (NP-SBJ The executive) (VP recalls (S (NP-SBJ Mr. Corry) (VP whispering (PP-CLR to (NP him and others)) , `` (S (S (NP-SBJ *) (VP Remember)) , (S (NP-SBJ this) (VP was (NP-PRD (NP Dave 's) deal))))))) . '')) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP miffed (NP many USX executives and shareholders)))) (VP was (SBAR-PRD that (S (NP-SBJ (NP the acquisition) , (PP for (NP (NP (QP $ 3 billion) *U*) (PP of (NP stock)))) ,) (VP (VP doubled (NP (NP the USX shares) (ADJP outstanding))) and (VP (ADVP-EXT considerably) diluted (NP them)))))) .)) (TOP (S (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD more)))) , (NP-SBJ the takeover) (VP occurred (SBAR-TMP (SBAR as (S (NP-SBJ natural-gas prices) (VP were (VP falling)))) and (SBAR just as (S (NP-SBJ Texas Oil & Gas) (VP reported (NP (NP its first annual loss) (PP-TMP in (NP 28 years)))))))) .)) (TOP (S (NP-SBJ Mr. Corry) (VP expected (S (NP-SBJ-1 the Texas Oil & Gas sale) (VP to (VP delight (NP Mr. Icahn) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP addressing (NP (NP his concern) (PP about (S-NOM (NP-SBJ *) (VP boosting (NP shareholder value)))))))))))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the two men) (VP met (PP-LOC in (NP New York)) (SBAR-TMP (NP-ADV a day) after (S (NP-SBJ Mr. Icahn) (VP disclosed (NP (NP the rise) (PP-LOC in (NP his USX stake)))))) (ADVP-TMP *T*-1)))) , (NP-SBJ Mr. Corry) (VP learned (SBAR that (S (NP-SBJ Mr. Icahn) (VP wanted (S (NP-SBJ him) (VP to (VP sell (NP (NP (NP all) (PP of (NP Texas Oil))) -- (NP (CONJP not just) (NP (NP its reserves) (PP of (NP (ADVP about) (NP (NP (QP 1.2 trillion) cubic feet) (PP of (NP natural gas))) and (NP (NP (QP 28 million) barrels) (PP of (NP oil)))))) (CONJP but also) (NP its pipeline , gas-gathering and contract-drilling operations)))))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP leave (NP USX) (PP-CLR with (NP (NP Marathon) , (NP its steel mills) and (NP (NP its diversified business segment) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (PRN , (PP among (NP other things)) ,) (NP mineral and transportation products))))))))) .)) (TOP (S (NP-SBJ Some) (VP speculate (SBAR that (S (NP-SBJ Mr. Corry) (VP would (VP agree (SBAR-ADV if (S (NP-SBJ he) (VP could (VP find (NP a buyer) (PP-CLR at (NP the right price))))))))))) .)) (TOP (S (NP-SBJ The problem) (VP is (SBAR-PRD that (S (NP-SBJ Mr. Icahn) (VP is (VP pushing (S (NP-SBJ-1 him) (VP to (VP move (ADVP (ADVP (ADVP-MNR faster) and (ADVP-EXT further)) (SBAR *ICH*-2)) (PP-LOC in (S-NOM (NP-SBJ *-1) (VP restructuring (NP USX)))) (SBAR-2 than (S (NP-SBJ Mr. Corry) (VP had (VP planned)))))))))))) .)) (TOP (S-2 (NP-SBJ Mr. Icahn) (VP has (ADVP-TMP long) (VP believed (PRN , (S (NP-SBJ associates) (VP say (SBAR 0 (S *T*-2)))) ,) (SBAR that (S (NP-SBJ-3 (NP the company) , (SBAR (WHNP-1 whose 1988 sales) (S (NP-SBJ *T*-1) (VP totaled (NP (QP $ 16.88 billion) *U*)))) ,) (VP is (PP-PRD worth (NP (NP $ 70 *U*) (NP-ADV a share))) (SBAR-ADV if (S (NP-SBJ *-3) (VP broken (PRT up))))))))) .)) (TOP (S (NP-SBJ The stock) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 33.625 *U*)) , (S-ADV (NP-SBJ *) (VP giving (NP (NP Mr. Icahn 's) (QP 33.6 million) shares) (NP (NP a value) (PP of (NP (QP $ 1.13 billion) *U*)))))) .)) (TOP (S (S (NP-SBJ Mr. Icahn) (VP advocates (NP (NP the sale) (PP of (NP (NP the company 's) steel operations))))) , and (S (NP-SBJ Mr. Corry) (VP does n't (ADVP necessarily) (VP disagree))) .)) (TOP (S (S-TPC-3 (PP Unlike (NP (NP his predecessor) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP saw (NP steel) (PP-CLR as (NP (NP America 's) backbone))))) ,)) (NP-SBJ-2 Mr. Corry) (VP tends (S (NP-SBJ *-2) (VP to (VP view (NP it) (PP-CLR as (NP (NP a (ADJP capital-draining and labor-intensive) business) (PP with (NP limited potential))))))))) , (NP-SBJ associates) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (S (PP-TMP In (NP the past five years)) , (NP-SBJ-1 USX) (VP has (VP turned (NP-PRD steel) (PP-CLR into (NP a profit maker)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP (VP closing (NP several plants)) and (VP reducing (NP labor costs))))))) .)) (TOP (S But (NP-SBJ the short-term outlook) (VP is (ADJP-PRD so-so)) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP is n't (ADJP-PRD surprising) (SBAR-2 that (S (NP-SBJ Messrs. Roderick and Corry) (VP view (NP steel) (ADVP-MNR so differently))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 Mr. Roderick) (VP was (VP reared (NP *-1) (PP-LOC in (NP (NP the shadows) (PP of (NP (NP Pittsburgh 's) smoking mills)))))))) , (NP-SBJ Mr. Corry) (VP grew (PRT up) (PP-LOC in (NP (NP Cincinnati) , (NP (NP a city) (UCP (VP nicknamed (NP *) `` (NP Porkapolis) '') and (ADJP (ADJP more accustomed (PP to (NP pork chops))) (PP than (NP pig iron)))))))) .)) (TOP (S (NP-SBJ He) (VP has (ADVP-TMP never) (VP (VP met (NP (NP Lynn Williams) , (NP (NP the president) (PP of (NP the United Steelworkers union))))) , and (VP is n't (ADJP-PRD active) (PP-LOC in (NP (NP (NP the industry 's) main trade group) , (NP (NP the American Iron and Steel Institute) , (SBAR (WHNP-1 which) (S (NP-SBJ Mr. Roderick) (VP served (NP *T*-1) (PP-CLR as (NP chairman))))))))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ Dave) (VP thought (SBAR 0 (S (NP-SBJ the country) (VP needed (NP a strong U.S. Steel)))))) and , (S (SBAR-ADV while (S (NP-SBJ Chuck) (VP agreed))) , (NP-SBJ-1 he) (VP was (ADJP-PRD more apt (S (NP-SBJ *-1) (VP to (VP say , ` (FRAG Not (PP at (NP (NP any cost) (PP to (NP shareholders))))) , '))))))) '' (NP-SBJ a former executive) (VP says (S *T*-2)) .)) (TOP (S (ADVP Indeed) , (NP-SBJ Mr. Corry) , (PP-LOC at (NP an August press conference)) , (VP talked (PP-CLR about (S-NOM (NP-SBJ *) (VP investing (PP-CLR in (NP steel)) (ADVP-TMP (ADVP (ADVP as long) (SBAR as (S (NP-SBJ it) (VP provides (NP a good return))))) and `` (ADVP (NP-ADV not a day) longer)))))) . '')) (TOP (S (ADVP However) , (S (S-NOM-SBJ (NP-SBJ *) (VP shedding (NP steel))) (VP would (VP run (ADVP directly counter (PP to (NP (NP (NP (NP Mr. Roderick 's) original rationale) (PP for (S-NOM (NP-SBJ *) (VP diversifying (PP-CLR into (NP oil and gas)))))))))))) : (S (S-NOM-SBJ-1 (NP-SBJ *) (VP Having (NP two major products))) (VP would (VP (VP lessen (NP (NP (NP the company 's) vulnerability) (PP to (NP (NP one market 's) down cycle)))) and (VP help (S (NP-SBJ *-1) (VP smooth (PRT out) (NP (NP the flow) (PP of (NP cash and earnings))))))))) .)) (TOP (SBAR-ADV As (S (NP-SBJ Mr. Roderick) (ADVP-TMP once) (VP said : `` (S (S (NP-SBJ We) (VP 're (NP-PRD a two-product company))) and , (INTJ boy) , (S (SBAR-ADV if (S (NP-SBJ you) (VP ca n't (VP figure (PRT out) (NP (NP the value) (PP of (NP those two parts))))))) , (NP-SBJ you) (VP are (ADJP-PRD so damn dumb (SBAR that (S (NP-SBJ you) (VP do n't (VP belong (PP-LOC-CLR on (NP Wall Street)))))))))))) . '')) (TOP (S (ADVP Moreover) , (NP-SBJ-1 the opportunity (S (NP-SBJ *) (VP to (VP sell (NP steel) (PP-CLR at (NP (NP a price) (ADJP acceptable (PP to (NP USX))))))))) (VP may (VP be (VP gone (NP *-1) , (PP-TMP for (ADVP now))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The time) (SBAR *ICH*-4)) (VP has (VP passed (SBAR-4 (WHADVP-2 0) for (S (NP-SBJ us) (VP to (VP spin (PRT off) (NP steel) , '' (PP either (PP in (NP a public offering)) or (PP to (NP a buyer))) (ADVP-TMP *T*-2)))))))) , (NP-SBJ one executive) (VP contends (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP About the only way) (SBAR (WHADVP-1 0) that (S (NP-SBJ USX) (ADVP-TMP now) (VP can (VP get (PP-CLR out (PP of (NP steel))) (ADVP-MNR *T*-1)))))) (VP is (S-PRD (NP-SBJ *) (VP to (VP dish (NP it) (PRT out) , (NP-ADV (NP piece) (PP by (NP piece))) , (PP-LOC in (NP separate joint ventures))))))) , (NP-SBJ he) (VP adds (SBAR 0 (S *T*-2))) .)) (TOP (S (PP With (S-NOM (NP-SBJ Mr. Icahn) (VP breathing (PP down (NP his neck))))) , (ADVP however) , (NP-SBJ Mr. Corry) (VP may (VP have (NP little choice (SBAR but (S (NP-SBJ *) (VP to (VP sell (PP-CLR at (NP a weak price)) , (SBAR-ADV even if (S (NP-SBJ it) (VP means (S (NP-SBJ *) (VP losing (NP some steel-related tax-loss carryforwards))))))))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP leave (S (NP-SBJ USX) (NP-PRD (NP essentially an oil company) (PP with (NP (NP Marathon) (PP as (NP its core)))))))) .)) (TOP (S (NP-SBJ Marathon) (VP has (VP benefited (PP-CLR from (NP (NP higher crude-oil prices) and (NP (NP strong demand) (PP for (NP refined products))))))) .)) (TOP (S (NP-SBJ Oil) (VP has (ADVP-TMP long) (VP been (NP-PRD (NP Mr. Corry 's) pet))) .)) (TOP (S (ADVP Indeed) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 the Bush administration) (ADVP finally) (VP (VP decided (NP-TMP this summer) (S (NP-SBJ *-1) (VP to (VP renew (NP import restrictions)))) (ADVP-TMP *T*-2)) (PRN -- (NP (NP arguably the (ADJP most important) decision) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP affect (NP the steel industry))))) (PP-TMP in (NP five years))) --)))) (NP-SBJ (NP Mr. Corry) and (NP his directors)) (VP were (PP-LOC-PRD (PP aboard (NP helicopters)) , (PP (ADVP high) above (NP (NP (NP Marathon 's) rich oil reserves) (PP-LOC in (NP the North Sea)))))) .)) (TOP (S (SBAR-ADV (SINV Should (NP-SBJ USX) (VP be (VP left (PP-CLR with (NP only Marathon)))))) , (NP-SBJ-1 Mr. Corry) (VP might (ADVP well) (VP feel (VP pushed (S (NP-SBJ *-1) (VP to (VP scout (PRT out) (NP other energy companies))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP even USX executives) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP work (ADVP-MNR closely) (PP-CLR with (NP him)))))) (VP are n't (ADJP-PRD sure (PP about (NP his long-term goals)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ he) (VP has (NP (NP a clear sense) (PP of (SBAR (WHADVP-2 where) (S (NP-SBJ he) (VP wants (S (NP-SBJ the company) (VP to (VP go (ADVP-DIR *T*-2))))))))))))))) , '' (NP-SBJ one) (VP says (S *T*-1)) .)) (TOP (S-1 (ADVP-TMP Right now) (PRN , (S (NP-SBJ the executive) (VP adds (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ-2 he) (VP wants (S (NP-SBJ-3 *-2) (VP to (VP continue (S (NP-SBJ-4 *-3) (VP to (VP focus (PP-CLR on (S-NOM (NP-SBJ-5 *-4) (VP paying (PRT down) '' (NP (NP USX 's) debt) (PP-MNR by (S-NOM (NP-SBJ *-5) (VP selling (NP assets)))))))))))))) .)) (TOP (S (S (NP-SBJ One thing) (VP is (ADJP-PRD certain) , (ADVP however))) : (S (NP-SBJ-1 Mr. Corry) , (SBAR-TMP while (S (NP-SBJ *-1) (VP studying (NP other options)))) , (ADVP probably) (VP wo n't (VP make (NP a major move) (SBAR-TMP until (S (NP-SBJ he) (VP 's (ADJP-PRD clear (PP about (NP (NP Mr. Icahn 's) intentions))))))))) .)) (TOP (SINV And (S-TPC-1 (ADVP-TMP then) , `` (NP-SBJ he) (VP wo n't (VP panic))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP J. Bruce Johnston) , (NP (NP a former USX executive) and (ADVP-TMP now) (NP (NP a labor and benefit consultant) (PP with (NP (NP Adler Cohen & Grigsby) (PP-LOC in (NP Pittsburgh))))))) .)) (TOP (S (NP-SBJ Mr. Corry) (VP learned (NP (NP presence) (PP-LOC under (NP fire))) (SBAR-TMP (WHADVP-3 when) , (S (PP as (NP (NP vice president) (PP of (NP corporate planning)))) , (NP-SBJ he) (VP handled (SBAR-NOM (WHNP-2 what) (S (NP-SBJ Mr. Johnston) (VP calls (S (NP-SBJ *T*-2) (NP-PRD (NP `` don't-con-me '' negotiations) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP led (PP-DIR to (NP (NP (NP USX) 's shedding) (PP of (NP (NP a wide array) (PP of (NP assets)) (VP ranging (PP (PP from (NP chemicals)) (PP to (NP construction)))))))))))))))) (ADVP-TMP *T*-3))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ *-2) (VP negotiating (ADVP-TMP *T*-1)))) , (NP-SBJ-2 Mr. Corry) (VP played (NP his cards) (ADVP-MNR close (PP to (NP the vest)))) .)) (TOP (S (NP-SBJ (NP Johnnie Johnson) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP worked (PP-CLR for (NP Mr. Corry)) (PP-LOC in (NP strategic planning))))) ,) (VP recalls (SBAR (WHADVP-4 how) (S (NP-SBJ his boss) (VP would (ADVP routinely) (VP ask (NP-2 a subordinate) (S (NP-SBJ-3 *-2) (VP to (VP research (NP an entire industry) (S-PRP (NP-SBJ *-3) (VP to (VP target (NP acquisition candidates))))))) (ADVP *T*-4)))))) .)) (TOP (S `` (S (SBAR-NOM-SBJ (WHNP-2 What) (S (NP-SBJ-1 he) (ADVP really) (VP wanted (S (NP-SBJ *-1) (VP to (VP know (NP *T*-2))))))) (VP was (PP-PRD about (NP a particular company)))) , but (S (NP-SBJ you) (VP did n't (VP know (NP that)))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ He) (VP wanted (NP your own unbiased , virgin opinion))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Johnson) , (RRC (ADVP-TMP now) (NP (NP managing director) (PP-LOC at (NP (NP Georgeson & Co.) , (NP a proxy-solicitation and investor-relations firm)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADVP-TMP Ever) (NP-PRD the pragmatist)) , (NP-SBJ-1 Mr. Corry) (VP said (PP-TMP in (NP August)) (SBAR that (S (NP-SBJ he) (VP realized (SBAR that (S (NP-SBJ USX) (VP is (PP-PRD on `` (NP (NP acquisition screens) (PP-LOC (ADVP all) over (NP the country))))))))))) . '')) (TOP (S `` (S-TPC-1 (NP-SBJ (NP It) (SBAR *EXP*-5)) (VP 's (NP-PRD (NP part) (PP of (NP the capitalistic market system))) (SBAR-5 that (S (S (NP-SBJ-6 equity) (VP can (VP be (VP bought (NP *-6))))) and (S (NP-SBJ-7 equity) (VP is (VP bought (NP *-7)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S-2 (NP-SBJ-1 USX) (PRN , (S (NP-SBJ he) (VP noted (SBAR 0 (S *T*-2)))) ,) (VP was (VP formed (NP *-1) (ADVP-TMP (NP 88 years) ago) , `` (PP-MNR by (S-NOM (NP-SBJ *) (PP in (NP effect)) (VP buying (PRT out) (NP (NP a bunch) (PP of (NP other companies)))))))) ... .)) (TOP (S (NP-SBJ People) (VP got (ADJP-PRD rich) (PP-MNR through (NP takeovers)) (PP-TMP in (NP those days)) , (SBAR-MNR as (S (NP-SBJ they) (VP do (NP-TMP today))))) . '')) (TOP (S (NP-SBJ Thomas F. O'Boyle) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ Westinghouse Electric Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP buy (NP Shaw-Walker Co)))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ (NP Shaw-Walker) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Muskegon) , (NP Mich.)))) ,) (VP makes (NP (NP (NP metal files) and (NP desks)) , and (NP (NP seating) and (NP office systems furniture)))) .)) (TOP (S (NP-SBJ Israel) (VP has (VP launched (NP a new effort (S (S (NP-SBJ *) (VP to (VP prove (SBAR 0 (S (NP-SBJ-1 the Palestine Liberation Organization) (VP continues (S (NP-SBJ *-1) (VP to (VP practice (NP terrorism)))))))))) , and (ADVP thus) (S (NP-SBJ *) (VP to (VP persuade (NP-2 the U.S.) (S (NP-SBJ *-2) (VP to (VP break (PRT off) (NP (NP talks) (PP with (NP the group))))))))))))) .)) (TOP (S (NP-SBJ U.S. officials) , (ADVP however) , (VP said (SBAR 0 (S (NP-SBJ they) (VP are n't (VP buying (NP the Israeli argument)))))) .)) (TOP (S (NP-SBJ Israeli counterterrorism officials) (VP provided (NP the State Department) (PP-CLR with (NP (NP a 20-page list) (PP of (NP (NP recent terrorist incidents) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP attribute (NP *T*-1) (ADVP-MNR directly) (PP-CLR to (NP (NP forces) (VP controlled (NP *) (PP by (NP-LGS PLO Chairman Yasser Arafat))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Arafat) (VP (ADVP-MNR publicly) renounced (NP terrorism) (NP-TMP Dec. 15) , (S-ADV (NP-SBJ *-1) (VP satisfying (NP (NP the U.S. precondition) (PP for (NP (NP a direct `` dialogue '') (PP with (NP the PLO)))))))) .)) (TOP (S (NP-SBJ A U.S. counterterrorism official) (VP said (SBAR 0 (S (NP-SBJ experts) (VP are (VP studying (NP the Israeli list)))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ We) (VP have (NP (NP no independent evidence) (VP linking (NP Fatah) (PP-CLR to (NP (NP any acts) (PP of (NP terrorism)) (PP-TMP since (NP Dec. 15 , 1988)))))))) , '' (NP-SBJ-2 he) (VP said (S *T*-3) , (S-ADV (NP-SBJ *-2) (VP referring (PP-CLR to (NP (NP the specific PLO group) (SBAR (WHNP-1 that) (S (NP-SBJ Mr. Arafat) (VP heads (NP *T*-1))))))))) .)) (TOP (S `` (ADVP-TMP So far) , (NP-SBJ this list) (VP does n't (VP change (NP our view))) .)) (TOP (S (S (NP-SBJ-1 Israel) (VP wants (S (NP-SBJ *-1) (VP to (VP end (NP the dialogue)))))) , but (S (NP-SBJ our analysts) (VP take (NP (NP a different view) (PP than (NP theirs))))) . '')) (TOP (S (NP-SBJ-1 (NP (NP (NP Israeli Prime Minister Yitzhak Shamir 's) top adviser) (PP on (NP counterterrorism))) , (NP Yigal Carmon) ,) (VP was (ADVP-LOC-PRD here) (NP-TMP Monday) (S-PRP (NP-SBJ *-1) (VP to (VP present (NP the report) (PP-CLR to (NP (NP (NP members) (PP of (NP Congress))) , (NP reporters) and (NP others))))))) .)) (TOP (S (NP-SBJ Mr. Carmon) (VP said (SBAR 0 (S (NP-SBJ he) (ADVP also) (VP presented (NP the list) (NP-TMP last week) (PP-CLR to (NP (NP William Brown) , (NP (NP U.S. Ambassador) (PP to (NP Israel))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ the New York Times) (VP reported (SBAR that (S (NP-SBJ the Israeli government) (VP had (VP provided (NP (NP its correspondent) (PP-LOC in (NP Jerusalem))) (PP-CLR with (NP (NP different documents) (SBAR (WHNP-1 that) (S (NP-SBJ Israel) (VP said (SBAR 0 (S (NP-SBJ *T*-1) (VP prove (SBAR 0 (S (NP-SBJ the PLO) (VP has (VP been (VP conducting (NP terrorism) (PP-LOC from (NP the occupied Arab territories)))))))))))))))))))) .)) (TOP (S (NP-SBJ The State Department) (VP said (SBAR 0 (S (NP-SBJ it) (VP has n't (ADVP-TMP yet) (VP seen (NP (NP copies) (PP of (NP those papers)))))))) .)) (TOP (S `` (SQ-TPC-3 (SBAR-ADV If (S (S (NP-SBJ-1 the dialogue) (VP was (VP based (NP *-1) (PP-CLR on (NP (NP the assumption) (SBAR that (S (NP-SBJ (NP Arafat) or (NP the PLO)) (VP would (VP stop (NP terrorism)))))))))) , and (S (NP-SBJ we) (VP have (NP (NP evidence) (PP of (NP continued terrorism))))))) , (WHNP-2 what) (SQ (NP-SBJ *T*-2) (VP would (VP be (NP-PRD the logical conclusion)))) ?) '' (NP-SBJ Mr. Carmon) (VP asked (SQ *T*-3)) .)) (TOP (S (NP-SBJ Israel) (VP has (ADVP-TMP long) (VP claimed (SBAR 0 (S (NP-SBJ-1 Mr. Arafat) (ADVP-TMP never) (VP meant (S (NP-SBJ *-1) (VP to (VP renounce (NP terrorism))))))) , (SBAR-PRP (ADVP particularly) because (S (NP-SBJ (NP he) and (NP his lieutenants)) (VP reserved (NP the right (S (NP-SBJ *) (VP to (VP press `` (NP armed struggle) '' (PP-CLR against (NP the Jewish state))))))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ Jerusalem) (VP says (SBAR 0 (S (NP-SBJ it) (VP is (VP backing (PRT up) (NP its contention) (PP-CLR with (NP (NP detailed accounts) (PP of (NP (NP alleged terrorist acts and plans) (VP linked (NP *) (PP-CLR to (NP Mr. Arafat)))))))))))) .)) (TOP (S (NP-SBJ It) (VP (NP blames) (NP (NP most) (PP of (NP these))) (PP-CLR on (NP Fatah))) .)) (TOP (S (NP-SBJ The new accusations) (VP come (PP-TMP at (NP (NP a delicate time) (PP in (NP U.S. efforts (S (NP-SBJ *) (VP to (VP bring (PRT about) (NP (NP talks) (PP between (NP (NP Israel) and (NP Palestinian representatives)))))))))))) .)) (TOP (S (NP-SBJ The State Department) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (VP received (NP (NP a new letter) (PP on (NP the subject)) (VP *ICH*-1)) (PP-CLR from (NP Israeli Foreign Minister Moshe Arens)) , (VP-1 restating (NP (NP Israel 's) previous objection (PP to (S-NOM (NP-SBJ *) (VP negotiating (PP-CLR with (NP (NP any Palestinian) (VP tied (NP *) (PP-CLR to (NP the PLO))))))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Deciding (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP constitutes `` (NP terrorism) ''))))) (VP can (VP be (NP-PRD a legalistic exercise))) .)) (TOP (S (NP-SBJ The U.S.) (VP defines (NP it) (PP-CLR as `` (NP (NP premediated , (ADJP politically motivated) violence) (VP perpetrated (NP *) (PP-CLR against (NP noncombatant targets)) (PP by (NP-LGS (NP subnational groups) or (NP clandestine state agents))))))) . '')) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP meet (NP the U.S. criteria)))) , (NP-SBJ-1 Israel) (VP contended (SBAR 0 (S (NP-SBJ it) (ADVP only) (VP listed (NP (NP incidents) (SBAR (WHNP-1968 that) (S (NP-SBJ *T*-1968) (VP (VP involved (NP civilians)) and (VP occurred (PP-LOC inside (NP its pre-1967 borders))))))))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-2 At (NP (NP the heart) (PP of (NP (NP Israel 's) report)))) (VP is (PP-LOC-PRD *T*-2)) (NP-SBJ (NP a list) (PP of (NP (NP a dozen incidents) (SBAR (WHNP-1 0) (S (NP-SBJ Jerusalem) (VP attributes (NP *T*-1) (PP-CLR to (NP Fatah))))) , (PP including (NP (NP the use) (PP of (NP (NP bombs) and (NP Molotov cocktails)))))))) .)) (TOP (S But (NP-SBJ U.S. officials) (VP say (SBAR 0 (S (NP-SBJ they) (VP are n't (ADJP-PRD satisfied (SBAR 0 (S (NP-SBJ these incidents) (VP constitute (NP terrorism))))) (SBAR-PRP because (S (NP-SBJ they) (VP may (VP be (NP-PRD (NP offshoots) (PP of (NP (NP the intifadah) , (NP (NP the Palestinian rebellion) (PP-LOC in (NP the occupied territories))) , (SBAR (WHNP-1 which) (S (NP-SBJ the U.S.) (VP does n't (VP classify (NP *T*-1) (PP-CLR as (NP terrorism))))))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the officials) (VP say (SBAR 0 (S (NP-SBJ Israel) (VP has n't (VP presented (NP convincing evidence (SBAR 0 (S (NP-SBJ-1 these acts) (VP were (VP ordered (NP *-1) (PP (PP by (NP-LGS Fatah)) or (PP by (NP-LGS (NP any group) (SBAR (WHNP-2 0) (S (NP-SBJ Mr. Arafat) (VP controls (NP *T*-2))))))))))))))))) .)) (TOP (S (NP-SBJ U.S. terrorism experts) (ADVP also) (VP say (SBAR 0 (S (NP-SBJ they) (VP are (ADJP-PRD highly uncertain (PP about (NP (NP the veracity) (PP of (NP (NP the separate documents) (VP leaked (NP *) (PP-CLR to (NP the New York Times)))))))))))) .)) (TOP (S (NP-SBJ (NP The papers) , (SBAR (WHNP-3 which) (S (NP-SBJ Israel) (VP says (SBAR 0 (S (NP-SBJ-1 *T*-3) (VP were (VP discovered (NP *-1) (PP-LOC in (NP Israeli-occupied Gaza))))))))) ,) (VP refer (PP-CLR to (NP (NP terrorist acts) (SBAR (WHNP-4 0) (S (NP-SBJ-2 *T*-4) (VP to (VP be (VP carried (NP *-2) (PRT out) (PP in (NP (NP the name) (PP of (NP (NP a group) (VP called (S (NP-SBJ *) `` (NP-PRD the Revolutionary Eagles))))))))))))))) . '')) (TOP (S (NP-SBJ (NP Some supporters) (PP of (NP Israel))) (VP say (SBAR 0 (S (NP-SBJ-1 (NP U.S. policy) (PP on (NP Palestinian terrorism))) (VP is (VP colored (NP *-1) (PP by (NP-LGS an intense desire (S (NP-SBJ *) (VP to (VP maintain (NP (NP the dialogue) (PP with (NP the PLO))))))))))))) .)) (TOP (S But (NP-SBJ State Department officials) (VP accuse (NP-2 Israel) (PP-CLR of (S-NOM (NP-SBJ-1 *-2) (VP leaking (NP questionable claims) (S-PRP (NP-SBJ *-1) (VP to (VP embarrass (NP the U.S)))))))) .)) (TOP (S (NP-SBJ-1 The dollar) (VP finished (ADVP-CLR lower) (NP-TMP yesterday) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP tracking (NP (NP another rollercoaster session) (PP-LOC on (NP Wall Street))))))) .)) (TOP (S (S (NP-SBJ (NP Concern) (PP about (NP the volatile U.S. stock market))) (VP had (VP faded (PP-TMP in (NP recent sessions))))) , and (S (NP-SBJ-3 traders) (VP appeared (ADJP-PRD content (S (NP-SBJ *-3) (VP to (VP let (S (NP-SBJ the dollar) (VP languish (PP-LOC in (NP a narrow range)) (PP-TMP until (NP (NP tomorrow) , (SBAR (WHADVP-2 when) (S (NP-SBJ-1 (NP the preliminary report) (PP on (NP third-quarter U.S. gross national product))) (VP is (VP released (NP *-1) (ADVP-TMP *T*-2))))))))))))))) .)) (TOP (S But (NP-SBJ (NP seesaw gyrations) (PP-LOC in (NP the Dow Jones Industrial Average)) (NP-TMP yesterday)) (VP (VP put (NP Wall Street) (ADVP-PUT back (PP-LOC in (NP the spotlight)))) and (VP inspired (S (NP-SBJ market participants) (VP to (VP bid (S (NP-SBJ the U.S. unit) (ADJP-PRD lower))))))) .)) (TOP (S (NP-SBJ (NP UAL 's) decision (S (NP-SBJ *) (VP to (VP remain (NP-PRD an independent company))))) (VP sent (S (NP-SBJ share prices) (VP tumbling))) .)) (TOP (S (PP-TMP By (NP midmorning)) , (S (NP-SBJ the DJIA) (VP had (VP plunged (NP-EXT 80 points)))) and (S (NP-SBJ foreign-exchange dealers) (ADVP-TMP quickly) (VP drove (NP the dollar) (ADVP-DIR down))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the DJIA) (VP (ADVP-MNR modestly) rebounded (ADVP-TMP *T*-1)))) , (NP-SBJ-2 the dollar) (VP (VP bounced (ADVP-CLR back) (PP-LOC in (NP choppy dealings))) but (VP ended (NP the day) (S-ADV (NP-SBJ *-2) (PP-LOC-PRD below (NP (NP the levels) (PP of (NP late Monday))))))) .)) (TOP (S (NP-SBJ Stock prices) , (ADVP-TMP meanwhile) , (VP (VP posted (NP significant gains) (PP-LOC in (NP later trading))) and (VP closed (ADVP-CLR down) (PP-EXT by (NP (NP (QP only 3.69) points) (PP on (NP the day)))))) .)) (TOP (S (NP-SBJ Some dealers) (VP said (SBAR that (S (NP-SBJ (NP (NP the market 's) strong reaction) (PP to (NP Wall Street))) (VP reflects (NP (NP a general uneasiness) (PP about (NP the dollar))))))) .)) (TOP (S (NP-SBJ They) (VP added (SBAR that (S (NP-SBJ (NP the DJIA 's) swift drop) (VP proved (NP (NP an easy excuse) (SBAR (WHADVP-3 0) for (S (NP-SBJ the market) (VP to (VP drive (NP the U.S. currency) (PP-DIR in (NP (NP the direction) (SBAR (WHADVP-1 0) (S (NP-SBJ-2 it) (VP was (ADVP-TMP already) (VP headed (NP *-2) (ADVP-DIR *T*-1))))))) (ADVP-PRP *T*-3)))))))))) .)) (TOP (S (PP-LOC In (NP late New York trading)) (NP-TMP yesterday) , (NP-SBJ-1 the dollar) (VP was (VP quoted (NP *-1) (PP-CLR (PP at (NP (NP 1.8355 marks) , (ADVP down (PP from (NP 1.8470 marks) (NP-TMP Monday))))) , and (PP at (NP (NP 141.45 yen) , (ADVP down (PP from (NP 141.90 yen) (NP-TMP late Monday)))))))) .)) (TOP (S (NP-SBJ-1 Sterling) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP $ 1.6055 *U*) , (ADVP up (PP from (NP (NP $ 1.6030 *U*) (NP-TMP late Monday)))))))) .)) (TOP (S (PP-LOC In (NP Tokyo)) (NP-TMP Wednesday) , (NP-SBJ the U.S. currency) (VP opened (PP-CLR for (NP trading)) (PP-CLR at (NP (NP 141.57 yen) , (ADVP down (PP from (NP (NP (NP Tuesday 's) Tokyo close) (PP of (NP 142.10 yen)))))))) .)) (TOP (S (NP-SBJ (NP Tom Trettien) , (NP (NP a vice president) (PP with (NP (NP Banque Paribas) (PP-LOC in (NP New York))))) ,) (VP sees (NP (NP a break) (PP-LOC in (NP (NP (NP the dollar 's) long-term upward trend) , (NP (NP a trend) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP began (PP-TMP in (NP January 1988)))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP argues (SBAR that (S (NP-SBJ the dollar) (VP is (ADVP-TMP now) `` (VP moving (ADVP-DIR sideways))))) , '' (S-ADV (NP-SBJ *-1) (VP adding (SBAR that `` (S (NP-SBJ the next leg) (VP could (VP be (NP-PRD (NP the beginning) (PP of (NP a (ADJP longer term) bearish phase)))))))))) . '')) (TOP (S (NP-SBJ Analysts) (VP peg (NP (NP the dollar 's) recent weakness) (PP-CLR to (NP (NP (NP an underlying slowdown) (PP-LOC in (NP the U.S. economy))) , (VP highlighted (NP *) (PP by (NP-LGS (NP recent economic data) , (ADVP particularly) (NP (NP a (ADJP surprisingly sharp) widening) (PP-LOC in (NP the August U.S. trade gap))))))))) .)) (TOP (S (NP-SBJ They) (ADVP also) (VP point (PRT out) (SBAR that (S (NP-SBJ-1 (NP narrowing interest-rate differentials) (PP between (NP (NP the U.S.) and (NP its major trading partners)))) (VP tend (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ the U.S. currency) (ADJP-PRD less attractive (PP to (NP foreign investors))))))))))) .)) (TOP (S (PP Despite (NP (NP several spurts) (PP of (NP dollar trading)))) , (NP-SBJ-1 it) (VP was (VP noted (NP *-1) (SBAR that (S (NP-SBJ mark-yen cross trade) (VP grabbed (NP (NP much) (PP of (NP (NP the market 's) attention)))))))) .)) (TOP (S (PP-TMP Following (NP (NP the dive) (PP-LOC in (NP U.S. stocks)))) , (NP-SBJ the mark) (VP has (VP strengthened (ADVP (ADVP more) (PP than (NP its major counterparts))))) .)) (TOP (S (NP-SBJ Traders) (VP attribute (NP (NP the mark 's) surge) (PP-CLR to (NP (NP a robust West German economy) and (NP higher rate differentials)))) .)) (TOP (S But , (NP-SBJ they) (VP add (SBAR that (S (NP-SBJ (NP the mark 's) strength) (VP is (PP in (NP part)) (NP-PRD (NP a reflection) (PP of (NP (NP a shift) (ADVP away (PP from (NP U.S. assets))) (PP by (NP Japanese investors)) (PP into (NP (ADJP West German) investments))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ (NP The question) (SBARQ *ICH*-1)) (VP remains) : (SBARQ-1 (WHNP-2 how much) (SQ can (NP-SBJ the (ADJP West German) market) (VP absorb (NP *T*-2))) ?)) '' (VP says (S *T*-3)) (NP-SBJ one senior dealer) .)) (TOP (S (NP-SBJ Some dealers) (VP say (SBAR that (S (NP-SBJ (NP (NAC Bank (PP of (NP Japan))) Governor Satoshi Sumita 's) reassurance (SBAR that (S (NP-SBJ-1 Japanese monetary policy) (VP wo n't (VP be (VP changed (NP *-1) (PP-TMP for (NP the time being)))))))) (VP has (VP given (NP investors) (NP (NP an added excuse) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP push (NP the yen) (PRT down) (ADVP even further) (PP against (NP the mark)) (ADVP *T*-2))))))))))) .)) (TOP (S (PP Despite (NP (NP (NP the yen 's) weakness) (PP with (NP (NP respect) (PP to (NP the mark)))))) , (NP-SBJ Tokyo traders) (VP say (SBAR 0 (S (NP-SBJ they) (VP do n't (VP expect (S (NP-SBJ (NP the Bank) (PP of (NP Japan))) (VP to (VP take (NP (NP any action) (S (NP-SBJ *) (VP to (VP support (NP the Japanese currency) (PP-LOC on (NP that front)))))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ sterling) (VP slumped (PP on (NP news (SBAR that (S (NP-SBJ the United Kingdom) (VP posted (NP a wider-than-expected trade deficit) (PP-TMP in (NP September)))))))) .)) (TOP (S (S (NP-SBJ The news) (ADVP also) (VP knocked (NP the British unit) (PP-DIR to (NP (QP below 2.95) marks)) (PP-LOC in (NP London)))) , but (S (NP-SBJ (NP a bout) (PP of (NP short-covering))) (VP helped (S (NP-SBJ sterling) (VP recoup (NP (NP some) (PP of (NP its earlier losses))))))) .)) (TOP (S (PP-LOC On (NP the Commodity Exchange)) (PP-LOC in (NP New York)) , (NP-SBJ (NP gold) (PP for (NP current delivery))) (VP jumped (NP-EXT $ 3.20 *U*) (PP-DIR to (NP (NP $ 370.20 *U*) (NP-ADV an ounce)))) .)) (TOP (S (NP-SBJ The close) (VP was (NP-PRD (NP the highest) (PP-TMP since (NP Aug. 15)))) .)) (TOP (S (NP-SBJ Estimated volume) (VP was (NP-PRD a light (QP two million) ounces)) .)) (TOP (S (PP-LOC In (NP early trading)) (PP-LOC in (NP Hong Kong)) (NP-TMP Wednesday) , (NP-SBJ-1 gold) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP $ 368.25 *U*) (NP-ADV an ounce))))) .)) (TOP (S (NP-SBJ (NP Boston Co.) , (NP (NP the upper-crust financial services concern) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP was (VP rocked (NP *-1) (PP by (NP-LGS a management scandal)) (NP-TMP late last year)))))) ,) (VP has (VP had (NP (NP a sharp drop) (PP-LOC in (NP profitability))) -- (SBAR-PRP (ADVP mainly) because (S (NP-SBJ (NP a high-risk bet) (PP on (NP interest rates))) (VP backfired))))) .)) (TOP (S (NP-SBJ (NP (NP Boston Co. 's) fall) (PP from (NP grace))) (VP is (NP-PRD bad news) (PP for (NP (NP its parent) , (NP Shearson Lehman Hutton Holdings Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP relied (ADVP-MNR heavily) (PP-CLR on (NP (NP the banking and money management unit 's) contributions)) (PP-TMP in (NP recent years))))))))) .)) (TOP (S (PP-TMP In (NP 1988)) , (PP for (NP example)) , (NP-SBJ Boston Co.) (VP had (NP (NP an estimated pretax profit) (PP of (NP (QP at least $ 110 million) *U*))) , (SBAR-ADV while (S (NP-SBJ Shearson) (VP managed (NP (NP net income) (PP of (NP (QP just $ 96 million) *U*))))))) .)) (TOP (S (NP-SBJ Shearson) (VP does n't (VP break (PRT out) (NP (NP the earnings) (PP of (NP its subsidiaries))))) .)) (TOP (S But (NP-SBJ (NP people) (ADJP familiar (PP with (NP (NP Boston Co. 's) performance)))) (VP say (SBAR 0 (S (NP-SBJ-1 the unit) (VP had (NP (NP profit) (PP of (NP (QP around $ 17 million) *U*))) (PP for (NP the third quarter)) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP (ADVP-MNR barely) breaking (ADVP-CLR even) (PP for (NP the first six months))))))))) .)) (TOP (S (NP-SBJ Shearson) , (ADVP-TMP meanwhile) , (VP posted (NP (NP (NP net income) (PP of (NP (QP $ 106 million) *U*))) (PP-TMP for (NP (NP the first nine months) (PP of (NP the year)))) , (ADVP down slightly (PP from (NP (QP $ 110 million) *U*) (PP-TMP for (NP the year-ago period)))))) .)) (TOP (S (NP-SBJ-1 (NP Moody 's) Investors Service Inc.) (NP-TMP last week) (VP downgraded (NP (NP the long-term deposit rating) (PP of (NP (NP Boston Co. 's) Boston Safe Deposit & Trust Co. subsidiary))) , (PP-CLR to (ADJP single-A-1)) (PP-CLR from (ADJP double-A-3)) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP problems) (PP-LOC in (NP (NP the company) 's `` (ADJP aggressively managed) securities portfolio)))))) . '')) (TOP (S (NP-SBJ (NP John Kriz) , (NP (NP a Moody 's) vice president) ,) (VP said (SBAR 0 (S (NP-SBJ-1 (NP Boston Safe Deposit 's) performance) (VP has (VP been (VP hurt (NP *-1) (NP-TMP this year) (PP by (NP-LGS (NP a mismatch) (PP-LOC in (NP (NP the maturities) (PP of (NP its assets and liabilities)))))))))))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ The mismatch) (VP exposed (NP the company) (PP-CLR to (NP (NP a high degree) (PP of (NP interest-rate risk)))))) , and (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ rates) (VP moved (ADVP unfavorably) (ADVP-TMP *T*-1) (PRN -- (S-TMP (NP-SBJ *) (VP (VP beginning (NP-TMP late last year)) and (VP continuing (PP-DIR into (NP this year))))) --))) ``) (NP-SBJ it) (VP cost (NP them)))) , '' (NP-SBJ Mr. Kriz) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Mr. Kriz) (VP noted (SBAR that (S (S (NP-SBJ Boston Safe Deposit) `` (VP has (VP taken (NP some actions (S (NP-SBJ *) (VP to (VP (VP (ADVP-MNR better) control (NP asset-liability management)) and (VP improve (NP controls) (PP in (ADJP general)))))))))) , and (S (NP-SBJ we) (VP think (SBAR 0 (S (NP-SBJ-1 these) (VP will (VP serve (S (NP-SBJ *-1) (VP to (VP improve (NP credit quality))))))))))))) . '')) (TOP (S (S-TPC-3 (SBAR-TMP As (S (S (NP-SBJ some securities) (VP mature)) and (S (NP-SBJ-1 the proceeds) (VP are (VP reinvested (NP *-1)))))) , (NP-SBJ-2 the problems) (VP ought (S (NP-SBJ *-2) (VP to (VP ease))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S But (NP-SBJ he) (ADVP also) (VP cited (NP (NP concerns) (PP over (NP (NP (NP the company 's) mortgage exposure) (PP-LOC in (NP the troubled New England real estate market)))))) .)) (TOP (S (NP-SBJ-1 Boston Co. officials) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR (PP on (NP (NP Moody 's) action)) or (PP on (NP (NP (NP the unit 's) financial performance) (NP-TMP this year))))))) -- (SBAR-ADV except (S (NP-SBJ *-1) (VP to (VP deny (NP a published report (SBAR that (S (NP-SBJ outside accountants) (VP had (VP discovered (NP (NP evidence) (PP of (NP (NP significant accounting errors) (PP-LOC in (NP (NP the first three quarters ') results))))))))))))))) .)) (TOP (S (NP-SBJ (NP An accounting controversy) (PP-TMP at (NP (NP the end) (PP of (NP last year))))) (VP forced (S (NP-SBJ Boston Co.) (VP to (VP admit (SBAR 0 (S (NP-SBJ it) (VP had (VP overstated (NP pretax profits) (PP-MNR by (NP (QP some $ 44 million) *U*)))))))))) .)) (TOP (S (NP-SBJ The resulting scandal) (VP led (PP-DIR (PP to (NP (NP the firing) (PP of (NP James N. von Germeten)) (PP as (NP (NP Boston Co. 's) president)))) and (PP to (NP (NP the resignations) (PP of (NP (NP the company 's) (NX (NX chief financial officer) and (NX treasurer)))))))) .)) (TOP (S (NP-SBJ-1 The executives) (VP were (VP accused (NP *-1) (PP-CLR of (NP (S-NOM (NP-SBJ *-1) (VP (ADVP-MNR improperly) deferring (NP expenses))) and (S-NOM (NP-SBJ *-1) (VP booking (NP revenue) (ADVP-TMP early) , (PP in (NP an effort (S (NP-SBJ *) (VP to (VP (VP dress (PRT up) (NP results)) -- and (VP (ADVP perhaps) bolster (NP performance-related bonuses))))))))))))) .)) (TOP (S (NP-SBJ Mr. von Germeten) , (PP in (NP turn)) , (VP (VP attributed (NP the controversy) (PP-CLR to (NP (NP judgmental errors) (PP by (NP accountants))))) and (VP accused (NP-1 Shearson) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP conducting (NP a `` witch hunt)))))) . '')) (TOP (S (NP-SBJ (NP Mr. Kriz) (PP of (NP (NP Moody 's)))) (VP said (SBAR 0 (S (NP-SBJ (NP the problems) (PP-LOC in (NP the securities portfolio))) (VP stem (ADVP-MNR largely) (PP-CLR from (NP (NP positions) (VP taken (NP *) (NP-TMP last year)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The company 's) current management) (VP found (S (NP-SBJ-1 itself) `` (VP locked (NP *-1) (PP-CLR into (NP this)))))) , '' (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ Mexico) (VP exported (NP (NP an average) (PP of (NP (NP 1,296,800 barrels) (PP of (NP crude oil)) (NP-ADV a day)))) (PP at (NP (NP an average) (PP of (NP (NP $ 15.31 *U*) (NP-ADV a barrel))))) (PP-TMP during (NP (NP 1989 's) first eight months)) (PP for (NP (NP a total) (PP of (NP (QP $ 4.82 billion) *U*)))))) , (NP-SBJ Petroleos Mexicanos S.A.) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The state petroleum monopoly) (VP said (SBAR 0 (S (NP-SBJ (NP sales) (PP-TMP in (NP the period))) (VP gained (NP (NP-ADV 15 %) , and (ADJP (ADJP (NP (QP $ 262.4 million) *U*) more) (PP than (SBAR-NOM (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (ADVP-TMP originally) (VP projected (NP *-2))))))) (PP at (NP (NP an average) (PP of (NP (NP $ 10 *U*) (NP-ADV a barrel))))) (PP on (NP (NP an export platform) (PP of (NP (NP 1,250,000 barrels) (NP-ADV a day))))))))) .)) (TOP (NP-LOC-HLN CHICAGO -)) (TOP (S (NP-SBJ Sears , Roebuck & Co.) (VP is (VP struggling (SBAR-TMP as (S (NP-SBJ it) (VP enters (NP the critical Christmas season)))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ the retailing and financial services giant) (VP reported (NP (NP a (ADJP 16 %) drop) (PP-LOC in (NP third-quarter earnings)) (PP to (NP (NP (QP $ 257.5 million) *U*) , or (NP (NP 75 cents) (NP-ADV a share)) ,)) (PP from (NP a restated (QP $ 305 million) *U*) , or (NP (NP (NP (NP 80 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S But (NP-SBJ the news) (VP was (ADJP-PRD even worse) (PP for (NP (NP (NP Sears 's) core U.S. retailing operation) , (NP (NP the largest) (PP-LOC in (NP the nation)))))) .)) (TOP (S (NP-SBJ Sears) (VP said (SBAR 0 (S (NP-SBJ its U.S. stores) (VP had (NP (NP (NP a loss) (PP of (NP (QP $ 6.9 million) *U*))) , (NP (NP their first deficit) (PP for (NP the period)) (PP-TMP in (NP (QP more than five) years)))))))) .)) (TOP (S (NP-SBJ Analysts) (VP estimated (SBAR that (S (NP-SBJ (NP sales) (PP-LOC at (NP U.S. stores))) (VP declined (PP-TMP in (NP the quarter)) , (ADVP too))))) .)) (TOP (S (NP-SBJ The results) (VP underscore (NP (NP (NP Sears 's) difficulties) (PP in (S-NOM (NP-SBJ *) (VP implementing (NP (NP the `` everyday low pricing '' strategy) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP adopted (NP *T*-1) (PP-TMP in (NP March)) (PP as (NP (NP part) (PP of (NP a broad attempt (S (NP-SBJ *) (VP to (VP revive (NP its retailing business))))))))))))))))) .)) (TOP (S (PP-LOC Under (NP the new approach)) , (NP-SBJ Sears) (VP set (NP (NP prices) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP were (ADVP-LOC-PRD somewhere (PP between (NP its old (ADJP `` regular '' and `` sale '') prices)))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP would (VP resort (ADVP-TMP far less often) (PP-CLR to (S-NOM (NP-SBJ-1 *-2) (VP slashing (NP prices) (S-PRP (NP-SBJ *-1) (VP to (VP woo (NP shoppers)))))))))))) .)) (TOP (S (NP-SBJ Sears officials) (VP insist (SBAR 0 (S (NP-SBJ-1 they) (VP do n't (VP intend (S (NP-SBJ *-1) (VP to (VP abandon (NP the everyday pricing approach) (PP-LOC in (NP (NP the face) (PP of (NP the poor results)))))))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ a spokesman) (VP blames (NP the dismal third-quarter showing) (PP-CLR on `` (NP (NP an environment) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP is (VP being (VP distorted (NP *-1) (PP by (NP-LGS (NP a very harsh climate) (PP for (NP (NP sales) (PP of (NP (NP durable goods) , '' (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP account (PP-CLR for (NP (NP roughly two-thirds) (PP of (NP (NP Sears 's) annual merchandise volume))))))))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The new pricing strategy) `` (VP is (VP working))) , '' (NP-SBJ the spokesman) (VP asserted (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that , (S (PP-TMP after (NP (NP an initial surge) (VP triggered (NP *) (PP by (NP-LGS (NP an advertising blitz) (PP-TMP in (NP March))))))) , (NP-SBJ Sears) (VP expected (SBAR that (S (NP-SBJ the pricing program) (VP would n't (VP have (NP (NP any effect) (PP on (NP revenue))))))))))) .)) (TOP (S (NP-SBJ Sears) (VP has (VP been (VP counting (PP-CLR on (NP (NP growth) (VP coming (PP-DIR from (NP (NP the large displays) (PP of (NP brand-name merchandise)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP is (VP adding (NP *T*-1) (PP-CLR to (NP its stores)) (PP-TMP over (NP the next two years)) (PP in (SBAR-NOM (WHNP-2 what) (S (NP-SBJ it) (VP calls (S (NP-SBJ *T*-2) `` (NP-PRD power formats)))))))))))))))))) . '')) (TOP (S But (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ Sears) (VP faces (NP an especially daunting challenge) (PP-TMP on (NP (NP the eve) (PP of (NP the Christmas shopping season)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ everyday pricing) (PP-LOC in (NP the current environment)) (VP does n't (VP work)))))) , '' (VP says (S *T*-2)) (NP-SBJ-1 (NP Walter Loeb) (PP of (NP Morgan Stanley & Co.))) , (S-ADV (NP-SBJ *-1) (VP pointing (PP-CLR to (NP soft durable-goods sales)))) .)) (TOP (S `` (NP-SBJ-1 Sears) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD unsuccessful) (SBAR-ADV if (S (NP-SBJ it) (VP continues (PP-CLR with (NP its pricing policy)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ everyone else) (VP is (VP offering (NP unusual values) (ADVP-TMP *T*-2))))))))))))) . '')) (TOP (S (PP In (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP amounts (PP-CLR to (NP an admission (SBAR that (S (NP-SBJ the transition) (VP has n't (VP gone (ADVP-MNR (ADVP as smoothly) (SBAR as (S (NP-SBJ Sears) (VP had (VP hoped))))))))))))))) , (NP-SBJ the giant retailer) (VP is (ADVP-TMP now) (VP trying (NP (NP new ways) (SBAR (WHADVP-2 0) (S (NP-SBJ-3 *) (VP to (VP drum (PRT up) (NP business) (PP without (S-NOM (NP-SBJ-4 *-3) (VP appearing (S (NP-SBJ *-4) (VP to (VP abandon (NP its seven-month-old strategy))))))) (ADVP-MNR *T*-2)))))))) .)) (TOP (S (S (NP-SBJ The company) (VP is (VP highlighting (NP more special deals) (PP-LOC in (NP its advertising and stores))))) , and (S (NP-SBJ-1 it) (VP 's (VP offering (S (NP-SBJ *-1) (VP to (VP defer (NP (NP finance charges) (PP on (NP certain big-ticket items))))))))) .)) (TOP (S (NP-SBJ Sears) (VP is (ADVP also) (VP (VP stepping (PRT up) (NP its television ads)) and (VP changing (NP its message)))) .)) (TOP (S (PP-LOC In (NP a new TV ad)) , (PP for (NP instance)) , (NP-SBJ (NP a woman) (VP going (PP-CLR through (NP the Sunday newspaper)))) (VP brands (PP-CLR as (NP hype)) (NP (NP claims) (PP by (NP other stores)) (SBAR that (S (NP-SBJ they) (VP are (VP offering (NP goods) (PP-CLR for `` (ADVP (NP (NP 50 %) , (NP 60 %) and (NP 70 %)) off)))))))) .)) (TOP (S-1 '' (PP-MNR By (S-NOM (NP-SBJ *-2) (VP lowering (NP prices) (PP-LOC throughout (NP its stores))))) (PRN , (S (NP-SBJ she) (VP says (S *T*-1))) ,) `` (NP-SBJ-2 Sears) (VP has (NP the right idea)) . '')) (TOP (S But (NP-SBJ the ad) (ADVP also) (VP mentions (NP (NP (NP Sears 's) sales) -- (NP (NP a topic) (SBAR (WHNP-1 that) (S (NP-SBJ-2 the retailer) (VP has (VP avoided (NP *T*-1) (PP-TMP since (S-NOM (NP-SBJ *-2) (VP switching (PP-CLR to (NP everyday pricing)))))))))))) .)) (TOP (S-2 `` (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Sears) (VP has (NP (NP a sale) (PP at (NP a special price))) (ADVP-TMP *T*-1)))) (PRN , '' (S (NP-SBJ (NP the woman) (PP-LOC in (NP the ad))) (VP declares (S *T*-2))) ,) `` (NP-SBJ it) (VP 's (NP-PRD (NP something) (SBAR (WHNP-3 0) (S (NP-SBJ-4 you) (VP do n't (VP want (S (NP-SBJ *-4) (VP to (VP miss (NP *T*-3)))))))))) . '')) (TOP (S (NP-SBJ (NP Recent surveys) (PP by (NP (NP Leo J. Shapiro & Associates) , (NP (NP a market research firm) (PP-LOC in (NP Chicago))) ,))) (VP suggest (SBAR that (S (NP-SBJ-1 Sears) (VP is (VP having (NP a tough time) (S-CLR (NP-SBJ *-1) (VP attracting (NP shoppers))) (SBAR-PRP because (S (NP-SBJ it) (VP has n't (ADVP-TMP yet) (VP done (NP enough (S (NP-SBJ *) (VP to (VP improve (NP (NP service) or (NP (NP its selection) (PP of (NP merchandise))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The number) (PP of (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ-2 they) (VP were (ADJP-PRD more likely (S (NP-SBJ *-2) (VP to (VP shop (PP-LOC at (NP Sears))))))))))))))) (VP fell (PP-TMP in (NP September)) (PP-DIR to (NP 37 %)) (PP-DIR from (NP 66 %) (PP-TMP in (NP (NP March) , (SBAR (WHADVP-3 when) (S (NP-SBJ Sears) (VP blanketed (NP the airwaves) (PP-CLR with (NP (NP ads) (PP about (NP its new pricing strategy)))) (ADVP-TMP *T*-3)))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ (NP the number) (PP of (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (ADVP-MNR spontaneously) cited (NP lower prices) (PP-CLR as (NP (NP the reason) (PP for (NP (NP their interest) (PP in (NP Sears)))))))))))) (VP declined (PP-DIR to (NP 16 %)) (PP-TMP in (NP September)) (PP-DIR from (NP (NP 33 %) (PP-TMP in (NP March))))) .)) (TOP (S (NP-SBJ (NP (QP Just 5) %) (PP of (NP the respondents)) (ADVP *ICH*-1)) (VP mentioned (NP brands) (PP-TMP in (NP September)) , (ADVP-1 up slightly (PP from (NP 2 %) (PP-TMP in (NP March))))) .)) (TOP (S (NP-SBJ (NP (QP Only 2) %) (PP of (NP (NP the people) (PP-TMP in (NP September))))) (VP cited (NP (NP Sears 's) `` friendly personnel)) . '')) (TOP (SINV `` (S-TPC (NP-SBJ (NP The power) (PP of (NP price)) (PP as (NP an appeal)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD very considerable) (PP in (S-NOM (NP-SBJ *) (VP driving (NP traffic) (PP-TMP in (NP March and April)))))))) ,) (VP has (VP diminished))) , '' (VP says) (NP-SBJ (NP George Rosenbaum) , (NP (NP president) (PP of (NP Shapiro & Associates)))) .)) (TOP (S (S `` (NP-SBJ You) (VP see (NP some improvement) (PP-LOC in (NP these other areas)))) , but (S (NP-SBJ it) (VP 's (NP-PRD a (ADJP very small and slow) process))) . '')) (TOP (S (PP For (NP the third quarter)) , (NP-SBJ Sears) (VP said (SBAR 0 (S (NP-SBJ its total revenue) (VP rose (NP-EXT 4.8 %) (PP-DIR to (NP (QP $ 13.18 billion) *U*)) (PP-DIR from (NP (QP $ 12.57 billion) *U*) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ (NP Net income) (PP-LOC at (NP (NP Sears 's) merchandise group)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP (NP international and credit card operations) , (CONJP as well as) (NP U.S. stores))))) ,) (VP fell (NP-EXT 25 %)) .)) (TOP (S (NP-SBJ (NP Profit) (PP-LOC at (NP (NP Sears 's) Allstate insurance unit))) (VP fell (NP-EXT 38 %) (PP-DIR to (NP (QP $ 126.1 million) *U*)) (PP-PRP because of (NP (NP Hurricane Hugo) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP inflicted (NP (NP the greatest single storm damage loss) (PP-LOC in (NP (NP the company 's) history))))))))) .)) (TOP (S (NP-SBJ Sears) (VP said (SBAR 0 (S (NP-SBJ (NP claims) (PP from (NP the storm))) , (SBAR as (S (NP-SBJ-1 *) (VP expected (NP *-1)))) , (VP reduced (NP its third-quarter net) (PP-MNR by (NP (NP (QP $ 80 million) *U*) , or (NP (NP 23 cents) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ-1 Allstate) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP absorb (NP another big hit) (PP-TMP in (NP the fourth quarter)) (SBAR-TMP as (S (NP-SBJ claims) (VP pour (ADVP-DIR in) (PP-DIR from (NP the San Francisco earthquake)))))))))) .)) (TOP (S But (NP-SBJ a spokesman) (VP said (SBAR 0 (S (NP-SBJ the quake) (VP wo n't (VP have (NP (NP (ADJP as big) a financial impact) (PP on (NP Allstate)) (SBAR as (S (NP-SBJ Hurricane Hugo) (VP did (VP *?*)))))))))) .)) (TOP (S (NP-SBJ (NP Net income) (PP-LOC at (NP (NP Sears 's) Dean Witter Financials Services group))) , (ADVP-TMP meanwhile) , (VP rose (NP-EXT (QP nearly 32) %) (PP-DIR to (NP (QP $ 35.7 million) *U*)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP improvements) (PP-LOC in (NP its basic stock brokerage and Discover credit card businesses)))))) .)) (TOP (S (NP-SBJ (NP Profit) (PP-LOC at (NP (NP Sears 's) Coldwell Banker Real Estate Group))) (VP (ADVP nearly) quadrupled (PP-DIR to (NP (QP $ 81.2 million) *U*)) (PP-PRP because of (NP (NP gains) (PP on (NP (NP sales) (PP of (NP property))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Sears shares) (VP closed (PP-CLR at (NP (NP $ 40.50 *U*) , (ADVP up (NP 87.5 cents))))) .)) (TOP (S (NP-SBJ (NP Oil imports) (PP to (NP Japan))) (VP rose (NP-EXT 12 %) (PP-TMP in (NP September)) (PP-DIR from (NP year-earlier levels)) , (PP according (PP to (NP (NP statistics) (VP released (NP *) (PP by (NP-LGS (NP (NP the government 's) Ministry) (PP of (NP International Trade and Industry))))))))) .)) (TOP (S (NP-SBJ (NP The imports) , (VP totaling (NP (QP 98.5 million) barrels)) ,) (VP were (ADJP-PRD (ADJP (NP 11 %) lower) (PP than (NP August levels)))) .)) (TOP (S (NP-SBJ The year-on-year rise) (VP was (PP-PRP-PRD (PP (ADVP partly) because of (NP (NP higher demand) (PP for (NP petroleum products)))) , and (PP (ADVP partly) because of (NP (NP tax changes) (PP-TMP in (NP 1988)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP left (NP oil companies) (PP-CLR with (NP (NP high inventories) (PP-TMP in (NP the late-summer/early-FALL PERIOD))))))))))) .)) (TOP (S (S (NP-SBJ (NP Imports) (PP of (NP crude)) (PP from (NP the Middle East))) (VP grew (NP-EXT 17 %) (PP-DIR from (NP year-earlier levels)))) , and (S (NP-SBJ (ADJP Southeast Asian) crude imports) (VP grew (NP-EXT 43 %))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Mideast crude imports) (VP were (ADJP-PRD higher) (PP compared (PP with (NP year-earlier levels)))))) , (NP-SBJ they) (VP fell (NP-EXT 18 %) (PP compared (PP with (NP August imports)))) .)) (TOP (S (NP-SBJ (ADJP Southeast Asian) crude imports) , (ADVP however) , (VP were (ADJP-PRD (ADJP (NP 3.6 %) higher) (PP than (NP August)))) .)) (TOP (S (NP-SBJ This) (VP is (PP-PRD in (NP (NP response) (PP to (NP (NP (NP George Melloan 's) Business World column) `` (S-TTL (NP-SBJ The Housing Market) (VP Is (NP-PRD (NP a Bigger Mess) (SBAR Than (S (NP-SBJ You) (VP Think (SBAR 0 (S *?*)))))))) '' (PRN -LRB- (NP-LOC op-ed page) , (NP-TMP Sept. 26) -RRB-)))))) .)) (TOP (S (PP-LOC In (NP Houston)) , (NP-SBJ we) (VP have (VP seen (SBAR-NOM (WHADJP-1 how bad) (S (NP-SBJ the housing problem) (VP can (VP become (ADJP-PRD *T*-1))))))) .)) (TOP (S (S (NP-SBJ Unused houses) (VP deteriorate (ADVP-MNR rapidly) , (S-ADV (NP-SBJ *) (VP affecting (NP (NP the value) (PP of (NP nearby homes))))))) ; (S (PP in (NP a domino effect)) , (NP-SBJ-1 the entire neighborhood) (VP can (VP fall (S-ADV (NP-SBJ *-1) (NP-PRD victim))))) .)) (TOP (S (PP-TMP At (NP this stage)) (NP-SBJ some people) (ADVP just) `` (VP walk (ADVP-DIR away '' (PP from (NP (NP homes) (SBAR (WHADVP-1 where) (S (NP-SBJ the mortgage) (VP exceeds (NP current market value) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (S But (NP-SBJ-1 (NP most) (PP of (NP them))) (VP could (VP have (VP afforded (S (NP-SBJ *-1) (VP to (VP keep (PRT up) (NP their payments)))))))) -- (S (NP-SBJ they) (VP chose (S (NP-SBJ *) not (VP to (VP do (ADVP-MNR so)))))) .)) (TOP (S (NP-SBJ The problem) (VP is (ADJP-PRD so vast (SBAR that (S (NP-SBJ-1 we) (VP need (S (NP-SBJ *-1) (VP to (VP try (NP innovative solutions) -- (PP in (NP small-scale experiments)))))))))) .)) (TOP (SINV (ADVP-PRD-TPC-2 Here) (VP are (ADVP-PRD *T*-2)) (NP-SBJ some ideas) :)) (TOP (S (LST 1) -RRB- (NP-SBJ-1 Foreclosed homes) (VP could (VP be (VP sold (NP *-1) (PP by (NP-LGS the FHA)) (PP-CLR (PP for (NP (NP no down payment) (PRN -LRB- (NP (NP the biggest obstacle) (PP to (NP young buyers))) -RRB-))) , but (PP with (NP (NP (NP personal liability) (PP for (NP the mortgage))) (PRN -LRB- (NP no (S-NOM (NP-SBJ *) (VP walking (ADVP-DIR away) (PP by (NP choice))))) -RRB-))))))) .)) (TOP (S (LST 2) -RRB- (S (NP-SBJ-1 *) (VP Encourage (NP long-term occupancy) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP forgiving (NP (NP (NP one month 's) payment) (PRN -LRB- (PP off (NP (NP the tail end) (PP of (NP the mortgage)))) -RRB-)) (PP for (NP (NP every six months) (VP paid (NP *))))))))) ; or (ADVP perhaps) (S (NP-SBJ *) (VP have (S (NP-SBJ-2 the down payment) (VP (VP deferred (NP *-2) (PP-CLR to (NP (NP the end) (PP of (NP the mortgage)))) (PRN -LRB- (NP balloon) -RRB-)) , but (VP `` forgiven '' (NP *-2) (PP-MNR on (NP a monthly pro-rata basis)) (ADVP-TMP (ADVP as long) (SBAR as (S (NP-SBJ the owner) (VP remains (NP-PRD the occupant)))))))))) .)) (TOP (S (LST 3) -RRB- (NP-SBJ *) (VP Develop (NP (NP rental agreements) (PP with (NP (NP exclusive purchase options) (PP for (NP the renter)))))) .)) (TOP (S (NP-SBJ An occupant) (VP will , (PP in (NP most every case)) , (VP be (ADJP-PRD (ADJP better) (PP for (NP the home and neighborhood)) (PP than (NP a vacant house))))) .)) (TOP (S (PP-MNR In (NP this way)) , (NP-SBJ-1 the house) (VP is not (VP dumped (NP *-1) (PP-CLR on (PP to (NP a glutted market))))) .)) (TOP (NP John F. Merrill)) (TOP (NP Houston)) (TOP (S (NP-SBJ-3 (NP The Federal Housing Administration) , (NP Veterans Administration) and (NP (NP the Department) (PP of (NP (NP Housing) and (NP Urban Development))))) (ADVP further) (VP aggravate (NP (NP the problem) (PP of (NP affordable housing stock))) (PP-MNR by `` (S-NOM (NP-SBJ *-3) (VP (VP buying (ADVP-CLR in) '' (PP-CLR to (NP (NP their foreclosed properties) (PRN -LRB- (SBAR (WHPP-1 of (WHNP which)) (S (NP-SBJ there) (VP are , (INTJ alas) , (NP-PRD (NP many) (PP *T*-1))))) -RRB-))) (PP at (NP (NP an inflated `` balance due '') -- (S (NP-SBJ *) (VP say (NP (NP $ 80,000 *U*) (PP on (NP (NP a house) (ADJP worth (NP $ 55,000 *U*)))))))))) -- (CONJP instead of) (VP allowing (S (NP-SBJ a free market) (VP to (VP price (NP the house) (PP-CLR for (SBAR-NOM (WHNP-2 what) (S (NP-SBJ it) (VP 's (ADJP-PRD really worth (NP *T*-2)))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (ADJP-PRD Worse)) , (S (NP-SBJ-2 the properties) (ADVP-TMP then) (VP (VP sit (ADVP-CLR around) (S-ADV (NP-SBJ *-2) (VP deteriorating (PP-TMP for (NP maybe a year (QP or so)))))) , but (VP are (VP resold (NP *-2) (ADVP-TMP eventually) -LRB- (PP-PRP because of (NP (NP the attractiveness) (PP of (NP (NP the low down payment) , (NP etc .))))) -RRB- (PP-CLR to (NP (NP a marginal buyer) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP ca n't (VP afford (NP both (NP the mortgage) and (NP needed repairs)))))))))))) ; and (S (S-ADV (NP-SBJ *-3) (VP having (NP little vested interest))) (NP-SBJ-3 that buyer) (VP will (VP walk (ADVP-DIR away)))) and (S (NP-SBJ the vicious cycle) (VP repeats (NP itself) (ADVP-TMP all over again))) .)) (TOP (NP Paul Padget)) (TOP (S (NP-SBJ (NP Italy 's) unemployment rate) (VP (VP rose (PP-DIR to (NP (NP 12 %) (PP of (NP the labor force)))) (PP-TMP in (NP July)) (PP from (NP 11.9 %) (PP-TMP in (NP April)))) , and (VP was (ADVP-PRD up (PP from (NP 11.7 %) (ADVP-TMP (NP a year) earlier)))) , (PP according (PP to (NP (NP quarterly figures) (PP from (NP the state statistical institute)))))) .)) (TOP (S (NP-SBJ Istat) (VP said (SBAR 0 (S (NP-SBJ (NP a national survey) (PP-TMP during (NP (NP the first week) (PP of (NP July))))) (VP showed (SBAR 0 (S (NP-SBJ (NP the number) (PP of (NP job seekers))) (VP was (NP-PRD (NP 2,888,000) (ADVP up (PP (PP from (NP 2,822,000) (PP-TMP in (NP April))) , and (PP from (NP 2,853,000) (ADVP-TMP (NP a year) ago)))))))))))) .)) (TOP (S (NP-SBJ The unemployment rate) (VP was (PP by (ADVP far)) (NP-PRD (NP the highest) (PP-LOC in (NP the southern , so-called Mezzogiorno region)))) .)) (TOP (S (NP-SBJ The southern unemployment rate) (VP rose (PP-DIR to (NP 21.3 %)) (PP-TMP in (NP July)) (PP (PP from (NP 21.2 %) (PP-TMP in (NP April))) and (PP from (NP 20.6 %) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ Istat) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (QP 369,000 more) people) (PP *ICH*-2)) (VP were (VP employed (NP *-1) (PP-TMP in (NP July)) (PP-2 than (PP-TMP in (NP April)))))))) .)) (TOP (S (NP-SBJ-1 (NP Xerox Corp. 's) third-quarter net income) (VP grew (NP-EXT 6.2 %) (PP on (NP (ADJP (NP 7.3 %) higher) revenue)) , (S-ADV (NP-SBJ *-1) (VP earning (NP mixed reviews) (PP from (NP Wall Street analysts))))) .)) (TOP (S (NP-SBJ (NP Quarter net) (PP for (NP the business-machines and financial-services company))) (VP rose (PP-DIR to (NP (NP (QP $ 155 million) *U*) , or (NP (NP $ 1.41 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 146 million) *U*) , or (NP (NP $ 1.37 *U*) (NP-ADV a share)))) , (PP-TMP in (NP the year-earlier period))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (PP-DIR to (NP (QP $ 4.45 billion) *U*)) (PP-DIR from (NP (QP $ 4.15 billion) *U*))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Xerox) (VP closed (PP-CLR at (NP (NP $ 62.75 *U*) (NP-ADV a share))) , (ADVP up (NP $ 1 *U*))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP Sales growth and profit) (PP-LOC in (NP (NP business products and systems) (PRN -- (NP (NP Xerox 's) main business) --)))) (VP were `` (ADJP-PRD disappointing))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP B. Alex Henderson) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP follows (NP the company) (PP for (NP Prudential-Bache Securities Inc)))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ (NP Sales) (PP of (NP (NP Xerox copiers) and (NP other office products)))) (VP grew (NP-EXT 1.6 %))) ; `` (S (NP-SBJ we) (VP expected (NP (NP growth) (PP of (NP (QP 6 % to 7 %) *U*)))))) , '' (NP-SBJ Mr. Henderson) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ Operating-profit margins) (VP slipped (NP-EXT (QP almost 18) %) , (PP-DIR to (NP (NP 4.3 %) (PP of (NP sales)))))) , (NP-SBJ the analyst) (VP noted (SBAR 0 (S *T*-1))) .)) (TOP (SINV (S-TPC-1 (ADVP Still) , (PP with (S-NOM (NP-SBJ (NP competitors) (PP such as (NP Eastman Kodak Co.))) (VP faltering (PP-LOC in (NP copier sales))))) , (NP-SBJ (NP Xerox 's) sales increases) `` (VP were (ADJP-PRD encouraging))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Eugene Glazer) (PP of (NP Dean Witter Reynolds Inc))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ They) (VP are (VP holding (NP their own) (PP-LOC in (NP a weak market))))) , and (S (NP-SBJ the restructuring) (VP is (VP working)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP David T. Kearns) , (NP Xerox (NX (NX chairman) and (NX chief executive officer))) ,) (VP cited (NP (NP the restructuring) and (NP `` strong '' cost controls)) (PP for (NP (NP the (ADJP 13 %) growth) (PP-LOC in (NP (NP profit) (PP from (NP business products and systems operations))))))) .)) (TOP (S (NP-SBJ Mr. Glazer) (VP expects (S (NP-SBJ Xerox) (VP to (VP experience (NP (NP tough sledding) (PRN , (ADVP though) ,) (PP-LOC in (NP financial services))) (PP-PRP because of (NP (NP rate pressures) and (NP (NP uncertainty) (VP surrounding (NP (NP tax treatment) (PP of (NP capital gains))))))))))) .)) (TOP (S (PP-TMP In (NP the quarter)) , (NP-SBJ the Crum & Forster insurance unit) (VP reported (NP (NP (NP (QP $ 200 million) *U*) (PP *ICH*-1)) (PP-TMP before (NP tax)) (PP-1 of (NP (NP capital gains) (PP from (NP property and casualty operations)))))) .)) (TOP (S (NP-SBJ The subsidiary) (ADVP also) (VP (VP increased (NP reserves) (PP-MNR by (NP (QP $ 140 million) *U*))) , (ADVP however) , and (VP set (ADVP-CLR aside) (NP an additional (QP $ 25 million) *U*) (PP-PRP for (NP (NP claims) (VP connected (NP *) (PP-CLR with (NP Hurricane Hugo))))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ Xerox) (VP earned (NP (NP (NP (QP $ 492 million) *U*) , or (NP (NP $ 4.55 *U*) (NP-ADV a share))) , (ADVP up (NP 5.8 %) (PP from (NP (NP (QP $ 465 million) *U*) , or (NP (NP $ 4.32 *U*) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 7.6 %) (PP-DIR to (NP (QP $ 12.97 billion) *U*)) (PP-DIR from (NP (QP $ 12.05 billion) *U*))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP New orders) (PP for (NP durable goods))) (VP fell (ADVP-CLR back) (ADVP-MNR slightly) (PP-TMP in (NP September)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP shooting (ADVP-DIR up) (NP-TMP (NP the month) (ADVP before))))) , (S-ADV (NP-SBJ *-1) (VP reflecting (NP (NP weakening auto demand) (PP-TMP after (NP (NP a spurt) (PP of (NP (NP orders) (PP for (NP new 1990 models))))))))))) , (NP-SBJ the Commerce Department) (VP reported (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Orders) (PP for (NP (NP military equipment) , (NP household appliances) , (NP machinery) and (NP (NP other goods) (VP expected (S (NP-SBJ *) (VP to (VP last (NP-TMP-CLR (QP at least three) years))))))))) (VP dipped (NP-EXT 0.1 %) (NP-TMP last month) , (PP-DIR to (NP (QP $ 126.68 billion) *U*)) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP leaping (NP-EXT 3.9 %) (PP-TMP in (NP August))))))) , (NP-SBJ the department) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Most analysts) (VP had (VP expected (NP a sharper decline) (PP-TMP after (NP (NP the steep rise) (PP-TMP in (NP August)))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ (NP a recent government report) (VP showing (NP (NP widespread layoffs) (PP-LOC in (NP manufacturing))))) (VP had (VP contributed (PP-CLR to (NP perceptions (SBAR that (S (NP-SBJ (NP the manufacturing sector) (PP of (NP the economy))) (VP had (VP slowed (PP-CLR to (NP a crawl)))))))))) .)) (TOP (S But (NP-SBJ many economists) (VP pointed (PP-DIR to (NP (NP a (ADJP 1.8 %) September rise) (PP-LOC in (NP (NP orders) (ADVP-LOC outside (NP the volatile transportation category))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ That) `` (VP suggests (SBAR 0 (S (NP-SBJ the manufacturing sector) (VP is not (VP falling (ADVP-CLR apart))))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Sally Kleinman) , (NP (NP an economist) (PP-LOC at (NP (NP Manufacturers Hanover Securities Corp.) (PP-LOC in (NP New York)))))) .)) (TOP (S (NP-SBJ She) (VP added , (ADVP however) : `` (S (NP-SBJ It) (VP is not (ADJP-PRD robust) (PP by (NP any means))))) . '')) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP a decline) (PP-LOC in (NP (NP orders) (PP for (NP (NP cars) and (NP civilian airplanes)))))) (VP pulled (PRT down) (NP the orders total)))) , (NP-SBJ (NP an enormous jump) (PP-LOC in (NP (NP orders) (PP for (NP heavy military equipment))))) (VP propped (NP it) (PRT up)) .)) (TOP (S (S (NP-SBJ (NP Orders) (PP for (NP capital defense goods))) (VP skyrocketed (NP-EXT 56 %))) , and (S (NP-SBJ a government analyst) (VP said (SBAR 0 (S (NP-SBJ (NP (ADJP nearly all) areas) (PP *ICH*-2)) (VP saw (NP increases) , (PP-2 including (NP (NP airplanes) , (NP missiles) , (NP ships) , (NP tanks) and (NP communications equipment)))))))) .)) (TOP (S-1 (NP-SBJ (NP Orders) (PP for (NP military goods))) (ADVP-TMP usually) (VP catapult (PP-TMP in (NP September)) (PRN , (S (NP-SBJ government officials) (VP say (SBAR 0 (S *T*-1)))) ,) (SBAR-TMP as (S (NP-SBJ-2 the Pentagon) (VP scrambles (S-PRP (NP-SBJ *-2) (VP to (VP spend (NP its money) (SBAR-TMP before (S (NP-SBJ the new fiscal year) (VP begins (NP-TMP Oct. 1))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 (NP all the numbers) (PP-LOC in (NP the durable goods report))) (VP were (VP adjusted (NP *-1) (PP-CLR for (NP seasonal fluctuations)))))) , (NP-SBJ a Commerce Department analyst) (VP said (SBAR that (S (NP-SBJ the adjustment) (ADVP probably) (VP did n't (VP factor (ADVP-CLR out) (NP (NP all) (PP of (NP (NP the wide-ranging surge) (PP-LOC in (NP defense orders)))))))))) .)) (TOP (S (PP Without (NP (NP the increase) (PP-LOC in (NP defense bookings)))) , (NP-SBJ September orders) (VP would (VP have (VP plummeted (NP-EXT 3.9 %)))) .)) (TOP (S (NP-SBJ-1 Analysts) (VP were (VP (ADVP most) unsettled (NP *-1) (PP by (NP-LGS evidence (SBAR 0 (S (NP-SBJ (NP the backlog) (PP of (NP orders)) (PP-LOC at (NP factories))) (VP is (VP slipping)))))))) .)) (TOP (S (NP-SBJ-1 (NP Unfilled orders) (PP for (NP durable goods))) (VP rose (NP-EXT 0.4 %) (PP-TMP in (NP September)) , (PP-DIR to (NP (QP $ 476.14 billion) *U*)) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP declining (PP-TMP for (NP (NP the first time) (PP-TMP in (NP (QP 2 1) years)))) (PP-TMP in (NP August)))))) .)) (TOP (S (PP-TMP In (NP July)) (NP-SBJ unfilled orders) (VP grew (NP-EXT 1 %)) .)) (TOP (S But (NP-SBJ analysts) (VP noted (SBAR that (S (PP excluding (NP (NP transportation) - (SBAR (WHADVP-2 where) (S (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ they) (VP believe (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP a temporary surge) (PP-LOC in (NP auto demand)))))))) (VP pushed (ADVP-DIR up) (NP the figures) (ADVP-LOC *T*-2)))) -)) (NP-SBJ order backlogs) (VP have (VP declined (PP-TMP for (NP (NP three months) (PP-LOC in (NP a row))))))))) .)) (TOP (S `` (NP-SBJ It) (VP means (SBAR 0 (S (NP-SBJ we) (VP 're (VP eating (PP-DIR into (NP (NP the bread) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP keeps (S (NP-SBJ us) (VP going)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ That) (VP is (ADJP-PRD a little disturbing))) , '' (NP-SBJ Ms. Kleinman) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ It) (ADVP also) (VP means (SBAR 0 (S (SBAR-ADV if (S (NP-SBJ you) (VP have (NP (NP a real drop-off) (PP-LOC in (NP orders)))))) , (NP-SBJ production) (VP will (ADVP likely) (VP fall (ADVP-CLR off) (ADVP-MNR very quickly) (SBAR-PRP because (S (NP-SBJ there) (VP is (NP-PRD (NP less) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP keep (S (NP-SBJ things) (VP going))))))))))))))) . '')) (TOP (S (NP-SBJ-1 (NP Capital goods orders) (ADVP-LOC outside (PP of (NP the defense sector)))) (VP tumbled (PP-TMP for (NP (NP the second month) (PP-LOC in (NP a row)))) , (S-ADV (NP-SBJ *-1) (VP posting (NP a (ADJP 5.6 %) drop) (PP-TMP after (NP a (ADJP 10.3 %) decline))))) .)) (TOP (S (NP-SBJ (NP Such steep drops) (PP-LOC in (NP (NP a category) (VP seen (NP *) (PP-CLR as (NP (NP a barometer) (PP of (NP business investment)))))))) (VP would (ADVP-TMP customarily) (VP be (NP-PRD grave news) (PP for (NP the economy)))) .)) (TOP (S But (NP-SBJ a Commerce Department analyst) (VP said (SBAR that (S (PP-TMP in (NP both months)) (NP-SBJ orders) (VP would (VP have (VP risen (SBAR-ADV (SINV had (NP-SBJ it) not (VP been (PP-PRD for (NP (NP a drop) (PP-LOC in (NP (NP civilian aircraft bookings) , (NP (NP a category) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (VP showing (NP declines) (PP-TMP (ADVP only) after (NP (NP a huge surge) (NP-TMP earlier this year))))))))))))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP Milton Hudson) , (NP (NP senior economic adviser) (PP-LOC at (NP (NP Morgan Guaranty Trust Co.) (PP-LOC in (NP New York))))) ,) (VP said : `` (S (SBAR-ADV If (S (NP-SBJ you) (VP look (ADVP-DIR back) (NP-ADV a half-year (QP or so))))) (NP-SBJ (NP the evidence) (PP *ICH*-2)) (VP was (ADJP-PRD pretty good) (PP-2 of (NP (NP affirmative strength) (PP-LOC in (NP the capital-goods sector))))))) .)) (TOP (S (S (ADVP-TMP Now) (ADVP at least) (NP-SBJ there) (VP are (NP-PRD (NP question marks) (PP about (NP that))))) , and (S (PP without (NP any question)) (NP-SBJ (NP the pace) (PP of (NP growth))) (VP has (VP slowed))) .)) (TOP (S (NP-SBJ Norfolk Southern Corp. directors) (VP authorized (S (NP-SBJ the railroad company) (VP to (VP buy (ADVP-CLR back) (NP (NP (QP as many as 45 million)) (PP of its shares) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP have (NP (NP a current value) (PP of (NP (QP more than $ 1.7 billion) *U*)))))))))))) .)) (TOP (S (NP-SBJ (NP The buy-back) , (VP coupled (NP *) (PP-CLR with (NP (NP a (ADJP nearly completed) earlier purchase) (PP of (NP (QP 20 million) shares))))) ,) (VP would (VP reduce (NP (NP shares) (ADJP outstanding)) (PP-MNR by (NP (QP more than 26) %)))) .)) (TOP (S (NP-SBJ The (NAC-LOC Norfolk , Va. ,) company) (VP has (NP (NP (QP 172.2 million) shares) (ADJP outstanding))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ (NP Arnold B. McKinnon) , (NP (NP chairman) and (NP chief executive officer)) ,) (VP noted (SBAR that (S (NP-SBJ-1 the new repurchase program) `` (VP should (VP serve (S (NP-SBJ *-1) (VP to (VP enhance (NP shareholder value))))))))) . '')) (TOP (S (NP-SBJ A spokeswoman) (VP said (SBAR 0 (S (NP-SBJ the company) (VP will (VP finance (NP the buy-back) (PP-MNR with (NP (NP (NP cash) (PP on (NP hand))) , (NP borrowing) and `` (NP (NP cash) (SBAR (WHNP-1 0) (S (NP-SBJ-2 Norfolk) (VP expects (S (NP-SBJ *-2) (VP to (VP generate (NP *T*-1))))))))))))))) . '')) (TOP (S (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ they) (VP expected (NP the action)))))) , and (S (NP-SBJ investors) (VP applauded (NP the move))) .)) (TOP (S (PP-LOC In (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange)) , (NP-SBJ Norfolk Southern shares) (VP closed (PP-CLR at (NP $ 37.875 *U*)) , (ADVP up (NP $ 1.125 *U*))) .)) (TOP (S (ADVP Still) , (NP-SBJ analysts) (VP do n't (VP expect (S (NP-SBJ the buy-back) (VP to (VP (ADVP-MNR significantly) affect (NP per-share earnings) (PP-TMP in (NP the short term))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The impact) (VP wo n't (VP be (ADJP-PRD that great)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Graeme Lidgerwood) (PP of (NP First Boston Corp))) .)) (TOP (S (S-TPC-1 (NP-SBJ That) (VP is (PP in (NP part)) (PP-PRP-PRD because of (NP (NP the effect) (PP of (S-NOM (NP-SBJ-2 *) (VP having (S (NP-SBJ *-2) (VP to (VP average (NP (NP the number) (PP of (NP (NP shares) (ADJP outstanding)))))))))))))) , (NP-SBJ she) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S-1 (PP In (NP addition)) (PRN , (S (NP-SBJ Mrs. Lidgerwood) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 Norfolk) (VP is (ADJP-PRD likely (S (NP-SBJ-3 *-2) (VP to (VP (VP draw (ADVP-CLR down) (NP its cash) (ADVP-TMP initially) (S-PRP (NP-SBJ *-3) (VP to (VP finance (NP the purchases))))) and (VP (ADVP thus) forfeit (NP some interest income))))))) .)) (TOP (S (S-TPC-2 (NP-TMP Longer term) , (ADVP however) , (NP-SBJ-1 the buy-back) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP increase (NP earnings) , (PP-TMP (ADVP especially) after (NP 1990)))))))) , (NP-SBJ Mrs. Lidgerwood) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (SINV (S-TPC-1 (ADVP Moreover) , (NP-SBJ the extensive program) (PP in (NP effect)) (VP establishes (NP (NP a floor) (PP for (NP the stock price))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Joel Price) , (NP (NP analyst) (PP for (NP Donaldson , Lufkin & Jenrette)))) .)) (TOP (S (S-TPC-3 (NP-SBJ The buy-back) `` (VP is (ADVP really) (NP-PRD (NP a comfort (SBAR *ICH*-2)) (PP to (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ-4 *T*-1) (VP want (S (NP-SBJ *-4) (VP to (VP buy (NP the stock))))))))) (SBAR-2 that (S (NP-SBJ there) (VP is (NP-PRD a (PRN -LCB- price -RCB-) floor))))))) , '' (NP-SBJ he) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S `` (PP At (NP a certain price)) , (SBAR-ADV if (S (NP-SBJ the management) (VP thinks (SBAR 0 (S -LCB- (NP-SBJ the stock) -RCB- (VP is (ADJP-PRD cheap))))))) , (NP-SBJ they) (VP can (VP (VP go (ADVP-DIR in)) and (VP buy (NP it)))) . '')) (TOP (S (PP-LOC Under (NP the program)) , (NP-SBJ-1 Norfolk) (VP plans (S (NP-SBJ *-1) (VP to (VP acquire (NP shares) (PP-LOC in (NP the open market)))))) .)) (TOP (S (PP-LOC Under (NP the earlier plan)) , (NP-SBJ-1 Norfolk) (VP was (VP authorized (PP-TMP in (NP 1987)) (S (NP-SBJ *-1) (VP to (VP buy (NP (QP up to 20 million) shares)))))) .)) (TOP (S (NP-SBJ It) (VP has (VP purchased (NP (NP (QP about 19 million)) (PP of (NP them))))) .)) (TOP (S (NP-SBJ (NP John B. Curcio) , (ADJP (NP 55 years) old) ,) (VP resigned (PP-CLR as (NP (NP chairman) (PP of (NP this diesel truck manufacturer)))) , (PP-TMP effective (PP upon (NP (NP appointment) (PP of (NP a successor)))))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ-1 Mr. Curcio) (VP was (VP succeeded (NP *-1) (PP by (NP-LGS Ralph E. Reins)) (PP-CLR as (NP chief executive officer)) (PP-TMP following (NP (NP several quarters) (PP of (NP (ADJP lackluster or declining) performance)))))) .)) (TOP (S (NP-SBJ Falcon Holding Group Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP (QP about 54,000) subscribers) (PP-CLR from (NP First Carolina Cable TV Limited Partnership)) (PP-CLR for (NP (NP (QP about $ 100 million) *U*) , or (NP (NP (QP roughly $ 2,000) *U*) (NP-ADV a subscriber))))))))))) .)) (TOP (S (NP-SBJ The subscribers) (VP are (PP-LOC-PRD in (NP (NP 52 different communities) (PP-LOC in (NP Georgia , Alabama and Mississippi))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Completion) (PP of (NP the sale))) (VP is (VP expected (NP *-1) (NP-TMP early next year)))) , (NP-SBJ Falcon) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S (ADVP-TMP Currently) , (NP-SBJ Falcon) (VP has (NP (NP (QP about 750,000) cable-television subscribers) (ADVP-LOC around (NP the nation))))) ; (S (NP-SBJ (NP the company 's) cable-television unit) (VP reported (NP (NP 1988 revenue) (PP of (NP (QP about $ 100 million) *U*))))) .)) (TOP (S (PP-LOC In (NP composite trading)) (PP-LOC on (NP the American Stock Exchange)) , (NP-SBJ Falcon) (VP closed (PP-CLR at (NP $ 20 *U*)) , (ADVP unchanged)) .)) (TOP (S (NP-SBJ-1 (NP Richard W. Lock) , (NP (NP retired vice president and treasurer) (PP of (NP Owens-Illinois Inc.))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP this transportation industry supplier)))) , (S-ADV (NP-SBJ *) (VP increasing (NP its board) (PP-CLR to (NP six members)))))) .)) (TOP (S (NP-SBJ USX Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP delayed (NP (NP the proposed initial public offering) (PP of (NP (NP common stock) (PP of (NP RMI Titanium Co.))))) (PP-PRP because of (NP market conditions)))))) .)) (TOP (S (NP-SBJ-1 RMI Titanium) (VP is (VP owned (NP *-1) (ADVP-MNR jointly) (PP by (NP-LGS (NP USX) and (NP Quantum Chemical Corp))))) .)) (TOP (S (NP-SBJ (NP USX) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had n't (VP set (NP (NP a date) (PP for (NP the offering))))))) ,) (VP did n't (VP disclose (NP (NP any timetable) (PP for (NP the offering))))) .)) (TOP (S (S (NP-SBJ (NP Your Oct. 2 editorial) `` (NP-TTL Reding , Wrighting & Erithmatic) '' (PP on (NP the recent `` education summit ''))) (VP was (PP-PRD like (NP (NP most pieces) (PP on (NP (NP the subject) (PP of (NP education)))))))) : (S (NP-SBJ It) (VP had (NP (NP little) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP say (NP *T*-1)))))))) .)) (TOP (S (ADVP Oddly) , (ADVP though) , (PP-LOC on (NP the very same page)) (NP-SBJ you) (VP printed (NP (NP a comment) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP addresses (NP (NP one) (PP of (NP (NP the (ADVP most serious) shortcomings) (PP of (NP the American education system)))))))))) .)) (TOP (S (ADVP Unfortunately) , (NP-SBJ-1 the comment) (VP was (VP buried (NP *-1) (PP-LOC-CLR in (NP another article)) , (SBAR-PRP so (S (NP-SBJ it) (VP could not (VP stand (ADVP-CLR out) (PP-LOC in (NP an education context)))))))) .)) (TOP (S (PP-LOC In (NP (NP the Manager 's) Journal)) , (NP-SBJ-3 Atsushi Kageyama) , (PP in (S-NOM (NP-SBJ *-3) (VP commenting (PP-CLR on (NP (NP many differences) (PP between (NP (ADJP American and Japanese) culture))))))) , (VP said , `` (S (NP-SBJ-1 Japanese children) (VP are (VP raised (NP *-1) (PP-MNR in (NP (NP a way) (SBAR (WHNP-2 0) (S (NP-SBJ many Americans) (VP would (VP find (S (NP-SBJ *T*-2) (ADJP-PRD severe)))))))))))) .)) (TOP (S (PP-TMP After (NP a (ADJP wonderfully frivolous) early childhood)) , (NP-SBJ-1 they) (VP are (VP exposed (NP *-1) (PP-CLR to (NP rigid discipline)) (ADVP-TMP (ADVP as soon) (SBAR as (S (NP-SBJ they) (VP enter (NP school))))))) . '')) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ-2 (NP (ADJP far too) many people) (ADJP concerned (PP about (NP education)))) (VP either (VP fail (S (NP-SBJ *-2) (VP to (VP understand (NP *T*-1))))) or (VP choose (S (NP-SBJ *-2) (VP to (VP ignore (NP *T*-1)))))))) (VP is (SBAR-PRD that (S (NP-SBJ American children) , (PP on (NP the whole)) , (VP are (PP-LOC-PRD among (NP (NP the (ADJP most undisciplined)) (PP-LOC in (NP the world)))) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ (NP any attempt) (PP at (NP (NP improvements) (PP-LOC in (NP (NP the mode) (PP of (NP education))))))) (ADJP-PRD potentially unsuccessful)))))))) .)) (TOP (S (SBAR-ADV Unless (S (NP-SBJ-1 (NP parents and educators) (ADVP alike)) (VP start (S (NP-SBJ *-1) (VP to (VP develop (NP (NP more discipline) (PP-LOC in (NP children))))))))) , (NP-SBJ all the worthy concern , discussions and actions) (VP will not (VP solve (NP the problem))) .)) (TOP (NP (NP Allen B. Richards) (NP-LOC (NP Peterborough) , (NP N.H .)))) (TOP (S (NP-SBJ-1 (NP (NP Retired Adm. William J. Crowe) , (NP (NP former chairman) (PP of (NP (NP the Joint Chiefs) (PP of (NP Staff)))))) , and (NP (NP Robert P. Luciano) , (NP (NP (NP chairman) and (NP chief executive officer)) (PP of (NP Schering-Plough Corp.)))) ,) (VP were (VP elected (S (NP-SBJ *-1) (NP-PRD (NP directors) (PP of (NP this securities firm)))))) .)) (TOP (S (NP-SBJ The board) (VP expanded (PP-CLR to (NP 17 seats))) .)) (TOP (NP-HLN (NP Tuesday) , (NP October 24 , 1989))) (TOP (S (NP-SBJ (NP The key (UCP U.S. and foreign) annual interest rates) (ADVP-LOC below)) (VP (VP are (NP-PRD (NP a guide) (PP to (NP general levels)))) but (VP do n't (ADVP-TMP always) (VP represent (NP actual transactions)))) .)) (TOP (NP (NP PRIME RATE) : (NP (QP 10 1) %) .)) (TOP (NP (NP The base rate) (PP on (NP (NP corporate loans) (PP-LOC at (NP large U.S. money center commercial banks)))) .)) (TOP (NP (NP FEDERAL FUNDS) : (NP (NP (NP (QP 8 3) %) (ADJP high)) , (NP (NP (QP 8 5) %) (ADJP low)) , (NP (NP (QP 8 11) %) (PP-TMP near (NP closing)) (VP bid (NP *))) , (NP (NP (QP 8 11) %) (VP offered (NP *)))) .)) (TOP (NP (NP Reserves) (VP traded (NP *) (PP-LOC among (NP commercial banks)) (PP-PRP for (NP overnight use)) (PP in (NP (NP amounts) (PP of (NP (QP $ 1 million) *U* (QP or more)))))) .)) (TOP (NP (NP Source) : (NP Fulton Prebon (PRN -LRB- U.S.A . -RRB-) Inc) .)) (TOP (NP (NP DISCOUNT RATE) : (NP 7 %) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP depository institutions)) (PP by (NP the New York Federal Reserve Bank)))) .)) (TOP (NP (NP CALL MONEY) : (NP (QP 9 3 % to 10 %) *U*) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP brokers)) (PP on (NP stock exchange collateral)))) .)) (TOP (NP (NP (NP COMMERCIAL PAPER) (VP placed (NP *) (ADVP-MNR directly) (PP by (NP-LGS General Motors Acceptance Corp.)))) : (NP (NP (NP 8.45 %) (NP (QP 30 to 44) days)) ; (NP (NP 8.25 %) (NP (QP 45 to 68) days)) ; (NP (NP 8.30 %) (NP (QP 69 to 89) days)) ; (NP (NP 8.125 %) (NP (QP 90 to 119) days)) ; (NP (NP 8 %) (NP (QP 120 to 149) days)) ; (NP (NP 7.875 %) (NP (QP 150 to 179) days)) ; (NP (NP 7.50 %) (NP (QP 180 to 270) days))) .)) (TOP (NP (NP COMMERCIAL PAPER) : (NP (NP (NP High-grade unsecured notes) (VP sold (NP *) (PP-MNR through (NP dealers)) (PP by (NP-LGS major corporations)) (PP in (NP (NP multiples) (PP of (NP $ 1,000 *U*)))))) : (NP (NP (NP 8.55 %) (NP 30 days)) ; (NP (NP 8.475 %) (NP 60 days)) ; (NP (NP 8.45 %) (NP 90 days)))) .)) (TOP (NP (NP (NP CERTIFICATES) (PP OF (NP DEPOSIT))) : (NP (NP (NP 8.09 %) (NP one month)) ; (NP (NP 8.09 %) (NP two months)) ; (NP (NP 8.06 %) (NP three months)) ; (NP (NP 8 %) (NP six months)) ; (NP (NP 7.94 %) (NP one year))) .)) (TOP (NP (NP Average) (PP of (NP (NP top rates) (VP paid (NP *) (PP by (NP-LGS major New York banks)) (PP on (NP (NP primary new issues) (PP of (NP negotiable C.D.s)))) , (PP (ADVP-TMP usually) on (NP (NP amounts) (PP of (NP (QP $ 1 million) *U* (QP and more)))))))) .)) (TOP (S (NP-SBJ The minimum unit) (VP is (NP-PRD $ 100,000 *U*)) .)) (TOP (NP (NP (NP Typical rates) (PP-LOC in (NP the secondary market))) : (NP (NP (NP 8.55 %) (NP one month)) ; (NP (NP 8.50 %) (NP three months)) ; (NP (NP 8.35 %) (NP six months))) .)) (TOP (NP (NP BANKERS ACCEPTANCES) : (NP (NP (NP 8.48 %) (NP 30 days)) ; (NP (NP 8.30 %) (NP 60 days)) ; (NP (NP 8.28 %) (NP 90 days)) ; (NP (NP 8.10 %) (NP 120 days)) ; (NP (NP 8 %) (NP 150 days)) ; (NP (NP 7.90 %) (NP 180 days))) .)) (TOP (NP (NP Negotiable , bank-backed business credit instruments) (VP (ADVP-TMP typically) financing (NP an import order)) .)) (TOP (NP (NP LONDON LATE EURODOLLARS) : (NP (NP (NP (QP 8 11 % to 8 9 %) *U*) (NP one month)) ; (NP (NP (QP 8 5 % to 8 1 %) *U*) (NP two months)) ; (NP (NP (QP 8 5 % to 8 1 %) *U*) (NP three months)) ; (NP (NP (QP 8 9 % to 8 7 %) *U*) (NP four months)) ; (NP (NP (QP 8 1 % to 8 3 %) *U*) (NP five months)) ; (NP (NP (QP 8 7 % to 8 5 %) *U*) (NP six months))) .)) (TOP (NP (NP (NP LONDON INTERBANK OFFERED RATES) (PRN -LRB- (NP LIBOR) -RRB-)) : (NP (NP (NP (QP 8 11) %) (NP one month)) ; (NP (NP (QP 8 11) %) (NP three months)) ; (NP (NP (QP 8 1) %) (NP six months)) ; (NP (NP (QP 8 1) %) (NP one year))) .)) (TOP (NP (NP (NP The average) (PP of (NP interbank offered rates))) (PP for (NP (NP dollar deposits) (PP-LOC in (NP the London market)))) (PP based (PP on (NP (NP quotations) (PP-LOC at (NP five major banks))))) .)) (TOP (NP (NP FOREIGN PRIME RATES) : (NP (NP (NP Canada) (NP 13.50 %)) ; (NP (NP Germany) (NP 9 %)) ; (NP (NP Japan) (NP 4.875 %)) ; (NP (NP Switzerland) (NP 8.50 %)) ; (NP (NP Britain) (NP 15 %))) .)) (TOP (S (S (NP-SBJ These rate indications) (VP are n't (ADJP-PRD directly comparable))) ; (S (NP-SBJ lending practices) (VP vary (ADVP-MNR widely) (PP-MNR by (NP location)))) .)) (TOP (NP (NP TREASURY BILLS) : (NP (NP (NP Results) (PP of (NP (NP the (NAC-TMP Monday , October 23 , 1989 ,) auction) (PP of (NP (NP short-term U.S. government bills) , (VP sold (NP *) (PP at (NP (NP a discount) (PP from (NP face value)))) (PP in (NP (NP units) (PP of (NP (QP $ 10,000 to $ 1 million) *U*)))))))))) : (NP (NP (NP 7.52 %) (NP 13 weeks)) ; (NP (NP 7.50 %) (NP 26 weeks)))) .)) (TOP (NP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP .) (PRN -LRB- (NP Freddie Mac) -RRB-)) : (NP (NP (NP Posted yields) (PP on (NP (NP 30-year mortgage commitments) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days)))))))) .)) (TOP (NP (NP (NP 9.78 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 7.875 %) , (NP (ADJP 2 %) (ADJP rate capped) one-year adjustable rate mortgages)) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION) (PRN -LRB- (NP Fannie Mae) -RRB-)) : (NP (NP (NP (NP Posted yields) (PP on (NP (NP 30 year mortgage commitments) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days))))))) (PRN -LRB- (VP priced (NP *) (PP-CLR at (NP par))) -RRB-)) (NP (NP (NP 9.75 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 8.70 %) , (NP 6 (ADJP rate capped) one-year adjustable rate mortgages)))) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP MERRILL LYNCH READY ASSETS TRUST) : (NP 8.59 %) .)) (TOP (NP (NP (NP (NP Annualized average rate) (PP of (NP return))) (PP after (NP expenses)) (PP-TMP for (NP the past 30 days))) ; (NP (NP not a forecast) (PP of (NP future returns))) .)) (TOP (S (NP-SBJ-1 (NP Roy E. Parrott) , (NP (NP (NP the company 's) (NX (NX president) and (NX chief operating officer))) (PP-TMP since (NP Sept. 1))) ,) (VP was (VP named (NP *-1) (PP-CLR to (NP its board)))) .)) (TOP (S (NP-SBJ The appointment) (VP increased (NP (NP the number) (PP of (NP directors))) (PP-CLR to (NP (NP 10) , (SBAR (WHNP-1 (NP three) (WHPP of (WHNP whom))) (S (NP-SBJ *T*-1) (VP are (NP-PRD company employees))))))) .)) (TOP (S (NP-SBJ Simpson) (VP is (NP-PRD an auto parts maker)) .)) (TOP (S (NP-SBJ-1 Japan) (VP has (VP climbed (ADVP-DIR up (PP from (NP (NP (NP the ashes) (PP of (NP World War II))) and (NP (NP a gross national product) (PP of (NP (NP (QP about $ 800) *U*) (PP per (NP capita)))))))) (S-CLR (NP-SBJ *-1) (VP to (VP reach (NP (NP the heavyweight class) (PP-LOC among (NP industrialized nations)))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ-1 this remarkable economic growth) (VP seems (S (NP-SBJ *-1) (VP to (VP be (VP coming (PP-DIR to (NP an end)) (SBAR-PRP because (S (NP-SBJ the government) (VP has not (VP converted (NP itself) (PP-CLR into (NP (NP a modern , democratic , `` developed nation '' mode) (PP of (NP operation))))))))))))) .)) (TOP (S (PP-TMP Until (NP (NP 1980) , (SBAR (WHADVP-1 when) (S (NP-SBJ Japan) (VP joined (NP (NP the (NAC $ 10,000 *U* (PP per (NP capita))) GNP club) (PP of (NP the advanced countries))) (ADVP-TMP *T*-1)))))) , (NP-SBJ it) (VP was (NP-PRD a model developing nation)) .)) (TOP (S (NP-SBJ The government) (VP built (NP ports , bridges , highways , schools , hospitals and railways)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ industries) (VP were (ADJP-PRD weak) (ADVP *T*-1)))) , (NP-SBJ it) (VP protected (NP them)) .)) (TOP (S (NP-SBJ It) (VP gave (NP the Japanese people) (NP (NP a value system) , (PP based (PP on (NP (NP the rationalization) (SBAR that (S (PP given (NP (NP (NP the country 's) lack) (PP of (NP natural resources)))) , (NP-SBJ-1 they) (VP must (VP (VP work (ADVP-MNR hard) (S-CLR (NP-SBJ *-1) (VP to (VP create (NP value) (PP-MNR through (NP exports)))))) and (VP buy (NP food) (PP with (NP the surplus)))))))))))) .)) (TOP (S (NP-SBJ Individual prosperity) (ADVP inevitably) (VP would (VP result)) .)) (TOP (S (NP-SBJ That system) (VP has (VP worked)) .)) (TOP (S (S (NP-SBJ (NP The standard) (PP of (NP living))) (VP has (VP increased (ADVP-MNR steadily) (PP-TMP over (NP the past 40 years))))) ; (S (NP-SBJ (NP (QP more than 90) %) (PP of (NP the people))) (VP consider (S (NP-SBJ themselves) (NP-PRD middle class)))) .)) (TOP (S (NP-SBJ The people) (VP have (VP given (NP (NP their (ADJP (ADJP leading) and (ADJP only credible)) political party) , (NP the Liberal Democratic Party) ,) (NP (ADJP clear and uninterrupted) power) (PP-TMP for (NP those 40 years)))) .)) (TOP (S (NP-SBJ The LDP) (VP won (PP-MNR by (NP a landslide)) (PP-LOC in (NP (NP the last election) , (PP-TMP in (NP July 1986))))) .)) (TOP (S But (ADVP-TMP (NP (QP less than two) years) later) , (NP-SBJ-1 the LDP) (VP started (S (NP-SBJ *-1) (VP to (VP crumble)))) , and (S (NP-SBJ dissent) (VP rose (PP-DIR to (NP unprecedented heights)))) .)) (TOP (S (NP-SBJ The symptoms) all (VP point (PP-DIR to (NP (NP one thing) : (S (NP-SBJ Japan) (VP does not (VP have (NP a modern government))))))) .)) (TOP (S (NP-SBJ-1 Its government) (ADVP-TMP still) (VP wants (S (NP-SBJ *-1) (VP to (VP (VP sit (PP-LOC-CLR in (NP (NP the driver 's) seat))) , (VP set (NP the speed)) , (VP step (PP-CLR on (NP the gas))) , (VP apply (NP the brakes)) and (VP steer) , (PP with (NP (NP (QP 120 million) people) (PP-LOC in (NP the back seat)))))))) .)) (TOP (S (PP-LOC In (NP a modern system)) , (NP-SBJ (NP the government 's) role) (VP is (S-PRD (S (NP-SBJ *) (VP to (VP give (NP the people) (NP (NP as much choice) (PP as (ADJP possible)))))) and (S (NP-SBJ *) (VP to (VP keep (S (NP-SBJ-1 them) (VP (ADVP-MNR well) informed (NP *-1))) (SBAR-PRP so (S (NP-SBJ they) (VP are (ADJP-PRD capable (PP of (S-NOM (NP-SBJ *) (VP making (NP a choice))))))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP allows (S (NP-SBJ people) (VP to (VP buy (NP (NP (ADJP (ADJP the best) and (ADJP the cheapest)) goods) (PP from (NP (NP anywhere) (PP-LOC in (NP the world))))))))) .)) (TOP (S (NP-SBJ The Japanese government) (VP does n't (VP allow (NP this))) .)) (TOP (S (NP-SBJ (NP The Ministry) (PP of (NP Agriculture and Fishery))) (ADVP actually) (VP is (NP-PRD (NP (NP a ministry) (PP for (NP farmers and fishermen))) (PP instead of (NP (NP a ministry) (PP of (NP provisions)))))) .)) (TOP (S (NP-SBJ (NP The Ministry) (PP of (NP Health and Welfare))) (VP is (NP-PRD (NP (NP a ministry) (PP of (NP (NP doctors) and (NP pharmaceutical companies)))) (CONJP rather than) (NP (NP an organization) (VP dedicated (NP *) (PP-CLR to (S-NOM (NP-SBJ *) (VP protecting (NP (NP the health) (PP of (NP the people)))))))))) .)) (TOP (S (NP-SBJ (NP The Ministry) (PP of (NP Education))) (VP (VP is (NP-PRD (NP nothing) (PP but (NP (NP a cartel) (PP for (NP licensed teachers)))))) , and (ADVP certainly) (VP does not (VP act (PP on (NP (NP behalf) (PP of (NP students))))))) .)) (TOP (S (S (NP-SBJ (NP The Ministry) (PP of (NP Construction))) (VP (VP spreads (NP concrete) (PP-LOC throughout (NP the country))) and (VP boasts (PP-LOC in (NP international conferences)) (SBAR that (S (NP-SBJ (NP (NP Japan 's) paved roadway) (PP per (NP capita))) (VP is (NP-PRD (NP the longest) (PP-LOC in (NP the world))))))))) , but (S (NP-SBJ they) (ADVP-TMP seldom) (VP think (PP-CLR of (NP (NP the poor commuters) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP spend (NP (ADJP so much) time) (VP sitting (PP-LOC in (NP traffic)))))))))) .)) (TOP (S (NP-SBJ (NP The Ministry) (PP of (NP Transportation))) (VP serves (NP (NP the industry) , (ADVP certainly) not (NP (NP the passengers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP must (VP pay (NP (ADJP extraordinarily high) prices)))))))) .)) (TOP (S And (NP-SBJ-2 (NP the Ministry) (PP of (NP Foreign Affairs))) (VP works (PP-CLR for (NP itself)) , (S-ADV (NP-SBJ *-2) (VP supporting (NP (NP Japanese diplomats) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP sprinkle (NP abundant aid money) (PP-CLR around (NP the world)) (S-PRP (NP-SBJ *-3) (VP to (VP ensure (SBAR that (S (NP-SBJ (NP their seat) (PP-LOC at (NP the dinner table))) (VP is (ADVP-LOC-PRD next (PP to (NP the host 's)))))))))))))))) .)) (TOP (S (NP-SBJ This ministry) (VP has (VP done (NP (NP nothing) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP correct (NP (NP the misunderstandings and misperceptions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (PP-LOC-PRD at (NP (NP the root) (PP of (NP (NP Japan 's) deteriorating image))))))))))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ-1 it) (VP seems (S (NP-SBJ-2 *-1) (VP to (VP be (VP using (NP (NP foreign pressure) and (ADVP even) (NP the trade conflict)) (S-CLR (NP-SBJ *-2) (VP to (VP expand (NP (NP (NP its sphere) (PP of (NP influence))) (X vis a vis (NP other ministries))))))))))) .)) (TOP (S (NP-SBJ All this) (VP illustrates (SBAR that (S (S (NP-SBJ Japanese ministries) (ADVP-TMP still) (VP have (NP a `` provider '' mentality))) ; (S (NP-SBJ they) (VP do not (VP serve (NP (NP the people) , and (ADVP particularly) not (NP consumers)))))))) .)) (TOP (S (NP-SBJ They) (VP serve (NP (NP the industries) and (NP the special-interest groups))) .)) (TOP (S (NP-SBJ (NP The rest) (PP of (NP the world))) (VP accepted (NP such methods) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Japan) (VP was (VP developing (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ Japanese) (VP put (PRT up) (PP-CLR with (NP it)) (SBAR-PRP because (S (NP-SBJ the government) (VP provided (NP (NP job stability) and (NP growing paychecks)))))) .)) (TOP (S (NP-SBJ Japan) (VP is not (NP-PRD a political country)) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD a bureaucratic country)) .)) (TOP (S (NP-SBJ The Diet) (VP plays (NP a minor role) (PP compared (PP with (NP the powerful bureaucratic system)))) .)) (TOP (S (NP-SBJ-1 Most bills) (VP are (VP drafted (NP *-1) (PP by (NP-LGS (NP bureaucrats) , not (NP politicians))))) .)) (TOP (S (NP-SBJ The Diet) (VP does n't (ADVP-TMP normally) (ADVP even) (VP debate (NP bills) (SBAR-PRP because (S (NP-SBJ-1 the opposition parties) (VP are (ADVP-TMP (ADVP so often) (SBAR *ICH*-3)) (ADJP-PRD opposed (PP to (SBAR-NOM (WHNP-2 whatever) (S (NP-SBJ LDP) (VP does (NP *T*-2)))))) (SBAR-3 that (S (NP-SBJ it) (VP would (VP be (NP-PRD (NP a waste) (PP of (NP time)))))))))))) .)) (TOP (S (S So (NP-SBJ-1 most bills) (VP are (VP passed (NP *-1) (PP without (NP full discussion))))) ; (S (NP-SBJ-2 (ADJP particularly difficult) bills) (VP are (VP passed (NP *-2) (PP in (NP (NP the absence) (PP of (NP the opposition parties))))))) .)) (TOP (S (NP-SBJ A recent example) (VP is (NP-PRD (NP the (ADJP 3 %) consumption tax) (PP on (NP all commercial activities)))) .)) (TOP (S (NP-SBJ This) (VP makes (NP enormous sense) (PP-LOC in (NP (NP Japan) , (SBAR (WHADVP where) (S (S (NP-SBJ direct tax) (VP accounts (PP-CLR for (NP (NP (QP more than 70) %) (PP of (NP revenues)))))) and (S (NP-SBJ (NP the capture rate) (PP of (NP direct tax))) (VP is (ADJP-PRD so unfair)))))))) .)) (TOP (FRAG (SBAR-ADV If (S (NP-SBJ you) (VP are (NP-PRD a salaried man)))) , (INTJ Amen) ! (VP (NP-ADV 100 %) captured) .)) (TOP (FRAG (FRAG (SBAR-ADV If (S (NP-SBJ you) (VP are (NP-PRD-1 a retailer)))) , (NP-ADV-2 50 %)) , and (FRAG (NP=1 a farmer) , (NP-ADV=2 30 %)) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP correct (NP this inequality)))) , (NP-SBJ-1 most people) (VP would (VP have (VP favored (NP (NP an indirect tax) , (PP like (NP the consumption tax)))))) .)) (TOP (S But (NP-SBJ-1 the bill) (VP was (VP passed (NP *-1) (PP without (NP (NP debate) (PP-LOC in (NP the Diet)))) , (PP in (NP (NP the absence) (PP of (NP the opposition)))))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ the Japanese people) (VP did n't (VP know (SBAR-NOM (WHNP-2 what) (S (NP-SBJ *) (VP to (VP expect (NP *T*-2) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 the new law) (VP was (VP introduced (NP *-1) (PP-TMP on (NP April 1)) (ADVP-TMP *T*-3))))))))))) .)) (TOP (S (NP-SBJ-1 They) (VP were (VP frustrated (NP *-1) (PP by (NP-LGS (NP (NP the longer queues) (PP-LOC at (NP the cashier))) and (NP (NP the small coins) (VP given (NP *) (PP-CLR as (NP change)))))))) .)) (TOP (S (ADVP-TMP All of a sudden) , (NP-SBJ prices) (VP were (ADVP-TMP no longer) (PP-PRD in (NP (NP denominations) (PP of (NP 100 or 200))))) .)) (TOP (S (NP-SBJ They) (VP were (NP-PRD 103 or 206)) .)) (TOP (S (NP-SBJ Pockets) (VP exploded (PP-CLR with (NP one-yen coins))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ people) (VP were (VP jingling (NP their change))))) , (NP-SBJ-1 the LDP politicians) (VP were (VP caught (NP *-1) (PP-CLR in (NP scandals)))) .)) (TOP (S (NP-SBJ (NP (NP Money) , (PP such as (PP-TMP in (NP (NP Recruit 's) political donations)))) , and (NP (NP women) , (PP as (PP-LOC in (NP (NP the cases) (PP of (NP (NP Prime Minister Sosuke Uno) and (NP Secretary General Tokuo Yamashita)))))) ,)) (ADVP-TMP seldom) (VP have (VP caused (NP political scandals) (PP-LOC in (NP Japan)))) .)) (TOP (S (SBAR-ADV Whereas (S (NP-SBJ most men) (VP were (ADJP-PRD (NP-ADV a bit) ambivalent (PP about (NP the sex scandals))) (PRN -LRB- (SBAR-ADV though (S (NP-SBJ they) (VP were (ADJP-PRD furious (PP about (NP Recruit)))))) -RRB-)))) , (NP-SBJ women) (VP (VP were (ADJP-PRD upset (PP about (NP both)))) and (VP surged (PP-DIR to (NP the polls)))) .)) (TOP (S (PP-LOC In (NP (NP the recent Upper House and Tokyo metropolitan congressional elections) , (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ the Socialist Party) (VP won (NP a runaway victory) (PP-LOC *T*-1)))))) , (NP-SBJ (NP 60 %) (PP of (NP all women)) (SBAR *ICH*-3)) (VP voted , (SBAR-3 as (S (NP-SBJ-2 *) (VP opposed (NP *-2) (PP-CLR to (NP the usual 40 %)))))) .)) (TOP (S (S (NP-SBJ (NP It) (S *EXP*-1)) (VP is (ADJP-PRD difficult) (S-1 (NP-SBJ *) (VP to (VP analyze (SBAR (WHADVP-2 how (NP (NP much) (PP of (NP their anger)))) (S (NP-SBJ *T*-2) (VP was (ADJP-PRD due (PP to (NP (NP Recruit) , (NP the sex scandals) , or (NP (NP the one-yen coins) (PP-LOC in (NP their purses)))))))))))))) , but (S (NP-SBJ-3 they) (ADVP obviously) (VP were (VP voting (S-CLR (NP-SBJ *-3) (VP to (VP punish (NP the LDP))))))) .)) (TOP (S (S (NP-SBJ-1 *-2) (VP Taken (NP *-1) (PP-MNR by (NP surprise)))) , (NP-SBJ-2 the Socialist Party) (VP is (ADJP-PRD busy) (S-ADV (NP-SBJ *-2) (VP changing (NP its doctrines)))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-2)) (VP 's (ADVP-TMP now) (ADJP-PRD OK) (S-2 (NP-SBJ *) (VP to (VP deal (PP-CLR with (NP (NP the U.S.) , but not (NP the Soviet Union))))))) .)) (TOP (S (NP-SBJ Nuclear power plants) (VP are (ADJP-PRD acceptable)) .)) (TOP (S (NP-SBJ The U.S.-Japan Security Treaty) (VP can (VP continue , (ADVP sort of))) .)) (TOP (FRAG And (ADVP so on) .)) (TOP (S (PP Against (NP (NP the rapid cosmetic overhaul) (PP of (NP the Socialist Party)))) (NP-SBJ-1 the LDP) (VP has (VP been (VP paralyzed (NP *-1)))) .)) (TOP (S (NP-SBJ Now) (VP is (NP-PRD (NP the time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP reform (NP the government) (PP-CLR from (NP a provider , developing-country vanguard role)) (PP-CLR to (NP (NP that) (PP of (NP (NP a modern , industrialized nation) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ consumers) (VP have (NP the ultimate choice) (PP-LOC *T*-1)))))))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ (NP the LDP) , (SBAR as (S (NP-SBJ-1 *) (ADVP-TMP currently) (VP composed (NP *-1)))) ,) (VP ca n't (VP make (NP the transformation))))) , (ADVP then) (NP-SBJ it) (VP should (VP split (PP-CLR into (NP two parties)))) .)) (TOP (S (NP-SBJ-1 One party) (VP could (VP stand (PP-CLR for (NP (NP consumer interests) , (NP small government) , (NP free trade) and (NP globalism))) (S-ADV (NP-SBJ *-1) (VP to (VP put (S (NP-SBJ Japan) (ADVP clearly) (PP-LOC-PRD among (NP the (ADJP most developed and open) countries)))))))) .)) (TOP (S (NP-SBJ-1 The other party) (VP could (VP continue (PP-DIR on (NP (NP the traditional track) (PP of (NP the LDP)))) , (S-ADV (NP-SBJ *-1) (VP representing (NP (NP (NP the manufacturers ') preference) (PP for (NP (NP larger government) , (NP control) , (NP regulation) and (NP protectionism)))))))) .)) (TOP (S (S (NP-SBJ The LDP) (VP must (VP make (NP a decision) (ADVP-TMP immediately)))) ; (S (NP-SBJ Lower House elections) (VP must (VP take (NP-CLR place) (PP-TMP before (NP June))))) .)) (TOP (S (PP In (NP (NP the current mood) (PP of (NP the Japanese (NX (NX people) , (NX journalists) and (NX even some industrialists)) ,)))) (S-NOM-SBJ (NP-SBJ *) (VP giving (NP power) (PP-DTV to (NP the Socialists)))) (VP might (VP be (ADJP-PRD good) (PP for (NP the LDP)) , (S-ADV (NP-SBJ *) (VP cleansing (NP it) (PP-CLR of (NP past sins)))))) .)) (TOP (S (NP-SBJ We) (VP must not (VP forget , (ADVP however) , (SBAR that (S (NP-SBJ such a humble political experiment) (VP could (VP cause (NP (NP a global tidal wave) (PP of (NP (NP shocks) (PP-LOC in (NP (ADJP real-estate and financial) markets))))))))))) .)) (TOP (S (PP At (NP the most)) (NP-SBJ there) (VP is (NP-PRD (QP only nine) months) (SBAR-TMP before (S (NP-SBJ the LDP fuse) (VP burns (PRT out))))) .)) (TOP (S (NP-SBJ Mr. Ohmae) (VP is (NP-PRD (NP managing director) (PP of (NP (NP McKinsey & Co.) (PP-LOC in (NP Japan)))))) .)) (TOP (S (NP-TMP Early this century) , (NP-SBJ (NP diamond mining) (PP-LOC in (NP (NP the magnificent dunes) (SBAR (WHADVP-1 where) (S (NP-SBJ the Namib Desert) (VP meets (NP the Atlantic Ocean) (ADVP-LOC *T*-1))))))) (VP was (NP-PRD (NP a day) (PP-LOC at (NP the beach)))) .)) (TOP (S (NP-SBJ-1 Men) (VP would (VP crawl (PP-LOC in (NP the sand)) (S-ADV (NP-SBJ *-1) (VP looking (PP-CLR for (NP shiny stones)))))) .)) (TOP (S (NP-SBJ It) (VP was (ADJP-PRD as easy (PP as (S-NOM (NP-SBJ *) (VP collecting (NP sea shells) (PP-LOC at (NP Malibu))))))) .)) (TOP (S (NP-SBJ-1 Men) (VP are (ADVP-TMP still) (VP combing (NP the beach) (PP with (NP (NP shovels) and (NP hand brushes))) , (S-ADV (NP-SBJ *-1) (VP searching (PP-CLR for (NP that unusual glint)))))) .)) (TOP (FRAG But (SBAR-TMP (ADVP only) after (S (NP-SBJ (NP (NP a fleet) (PP of (NP 336 gargantuan earthmoving vehicles))) (VP belonging (PP-CLR to (NP (NP De Beers Consolidated Mines Ltd.) , (NP (NP the world 's) diamond kingpins) ,)))) (VP do (NP their work)))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ-1 (NP (QP 43 million) tons) (PP of (NP desert))) (VP were (VP moved (NP *-1) (PP-DIR from (NP one dune)) (PP-DIR to (NP another)) (S-PRP (NP-SBJ *) (VP to (VP recover (NP (NP 934,242 carats) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP comes (PP-CLR to (NP (NP 46 tons) (PP of (NP sand)) (PP per (NP (NP carat) , or (NP one-fifth gram)))))))))))))) .)) (TOP (S (INTJ Oh) (INTJ yes) , (NP-SBJ-1 the Atlantic) (VP was (ADVP also) (VP pushed (NP *-1) (ADVP-CLR back) (NP-ADV 300 yards))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ there) (VP 's (NP-PRD diamonds) (ADVP-LOC out there)))) , (NP-SBJ we) (VP 'll (VP get (PP-CLR to (NP them))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Les Johns) , (NP (NP De Beers 's) engineering manager)) .)) (TOP (SINV (ADVP-LOC Here) , (S-ADV (NP-SBJ-2 *-1) (VP wedged (NP *-2) (PP-LOC-CLR between (NP (NP shifting dunes) and (NP pounding waves))) (PP-LOC at (NP (NP the world 's) (ADJP most inhospitable) diamond dig)))) , (VP lies) (NP-SBJ-1 (NP the earth 's) most precious jewel box) .)) (TOP (S (NP-ADV (NP Thanks) (PP to (NP (NP centuries) (PP of (NP (NP (NP polishing) (PP by (NP Mother Nature))) (PRN -- (PP (ADVP-TMP first) (PP-LOC in (NP (NP the gentle current (PP of (NP the Orange River))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP carried (NP the stones) (PP-DIR from (NP (NP South Africa 's) interior))))))) , (ADVP-TMP then) (PP-LOC in (NP (NP the cold surf) (PP of (NP the ocean)))) , and (ADVP-TMP finally) (PP-LOC in (NP (NP the coarse sands) (PP of (NP the desert))))) --)))))) (NP-SBJ (NP 98 %) (PP of (NP (NP the diamonds) (VP uncovered (NP *))))) (VP are (PP-PRD of (NP gem quality))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ other mines) (VP might (VP yield (NP more carats))))) , (NP-SBJ (NP a higher percentage) (PP of (NP them))) (VP go (PP-DIR to (NP industrial use))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ-2 this treasure chest) (VP is (ADJP-PRD too big (S (NP-SBJ *-2) (VP to (VP fit (PP-LOC-CLR in (NP a bank vault))))))))) , (NP-SBJ-1 it) (VP has (VP been (VP turned (NP *-1) (PP-CLR into (NP one))))) .)) (TOP (S (SBAR-TMP (NP Months) after (S (NP-SBJ railway worker Zacharias Lewala) (ADVP-TMP first) (VP picked (PRT up) (NP a diamond) (PP from (NP the sand)) (PP-TMP in (NP 1908))))) , (NP-SBJ (NP the German colonialists) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP controlled (NP Namibia))))) (VP proclaimed (S (NP-SBJ (NP (NP a wide swath) (PP of (NP the desert))) (PRN -- (ADVP (ADVP (NP (QP about 200) miles) north (PP from (NP the Orange River))) and (ADVP (NP 60 miles) inland (PP from (NP the Atlantic)))) --)) (NP-PRD (NP a restricted area) , (NP (NP a designation) (VP (ADVP-TMP normally) reserved (NP *) (PP-CLR for (NP military operations))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the Germans) (VP lost (NP World War I) (ADVP-TMP *T*-1)))) , (NP-SBJ they) (VP (VP lost (NP-2 Namibia) (PP-CLR-3 to (NP South Africa))) and (VP (NP=2 the diamonds) (PP-CLR=3 to (NP (NP Ernest Oppenheimer) , (NP (NP patriarch) (PP of (NP (NP Anglo American Corp.) and (NP De Beers)))))))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ no one) (VP gets (ADVP-DIR in or out (PP of (NP the restricted area))) (PP without (NP (NP De Beers 's) stingy approval))) .)) (TOP (S (NP-SBJ The mining zone) (VP has (ADVP thus) (VP remained (NP-PRD (NP one) (PP of (NP (NP the (ADJP most desolate) places) (PP-LOC in (NP Africa))))))) .)) (TOP (S (NP-SBJ-1 Ghost towns) (VP dot (NP the Namib dunes) , (S-ADV (NP-SBJ *-1) (VP proving (SBAR 0 (S (NP-SBJ diamonds) (VP are n't (ADVP-PRD forever))))))) .)) (TOP (S (NP-SBJ (NP Oranjemund) , (NP the mine headquarters) ,) (VP is (NP-PRD (NP a lonely corporate oasis) (PP of (NP 9,000 residents)))) .)) (TOP (S (S (NP-SBJ Jackals) (VP roam (NP the streets) (PP-TMP at (NP night)))) , and (S (NP-SBJ-1 (NP gemsbok) , (NP (NP hardy antelope) (PP with (NP long straight horns))) ,) (VP wander (ADVP-DIR in (PP from (NP the desert))) (S-PRP (NP-SBJ *-1) (VP to (VP drink (PP-CLR from (NP water sprinklers))))))) .)) (TOP (S (PP-TMP On (NP most days)) , (NP-SBJ-1 (NP (NP the desert 's) heat) and (NP (NP the cool) (PP of (NP the ocean)))) (VP combine (S-CLR (NP-SBJ *-1) (VP to (VP create (NP (NP a mist) (PP like (NP a damp rag))))))) .)) (TOP (S (NP-SBJ-2 The wind) , (S-ADV (NP-SBJ *-2) (VP stinging (PP with (NP sand)))) , (ADVP-TMP never) (VP seems (S (NP-SBJ *-2) (VP to (VP stop)))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP (NP miners) (PP from (NP (NP all parts) (PP of (NP Namibia))))) as well as (NP (NP professional staff) (PP from (NP (NP (NP De Beers 's) head offices) (PP-LOC in (NP (NP South Africa) and (NP London))))))) (VP keep (VP coming)) .)) (TOP (S And (NP-SBJ Oranjemund) (VP boasts (NP (NP attractions) (PP besides (NP diamonds)))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP six video rental shops) , (NP three restaurants) , (NP one cinema) and (NP (NP 34 sports and recreation clubs) (PP for (NP (NP everything) (PP (PP from (NP cricket)) (PP to (NP lawn bowling)))))))) .)) (TOP (S (NP-SBJ (NP The pride) (PP of (NP Oranjemund))) (VP is (NP-PRD (NP the 18-hole golf course) -- (PP with (NP (NP the largest sand trap) (PP-LOC in (NP the world)))))) .)) (TOP (S (NP-TMP Last year) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-3 the rising Orange River) (VP threatened (S (NP-SBJ *-3) (VP to (VP swamp (NP the course)))) (ADVP-TMP *T*-2)))) , (NP-SBJ-4 (NP the same engineers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (VP pushing (ADVP-CLR back) (NP the Atlantic)))))) (VP rushed (S-CLR (NP-SBJ *-4) (VP to (VP build (NP (NP a wall) (SBAR (WHNP-5 0) (S (NP-SBJ *T*-5) (VP to (VP hold (ADVP-CLR back) (NP the flood)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Nothing) (VP is (ADJP-PRD too good) (PP for (NP our golf course)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Tony George) , (NP a mining engineer)) .)) (TOP (S (PP Despite (NP fears (SBAR 0 (S (NP-SBJ-2 the mine) (VP may (VP be (VP (ADVP-MNR partially) nationalized (NP *-2) (PP by (NP-LGS the new Namibian government)) (PP-TMP following (NP (NP (NP next month 's) elections) (VP freeing (NP the country) (PP-CLR from (NP (ADJP South African) control)))))))))))) , (NP-SBJ-1 De Beers engineers) (VP are (VP working (S-CLR (NP-SBJ *-1) (VP to (VP extend (NP (NP the mine 's) productive life) (PP-CLR for (NP another 25 years)) , (PP-CLR from (NP (NP the current estimate) (PP of (NP 10))))))))) .)) (TOP (S (NP-SBJ (NP Huge machines) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP look (SBAR as though (S (NP-SBJ they) (VP came (PP-DIR from (NP the Star Wars desert-battle scene))))))))) (VP lumber (PP-LOC among (NP the dunes))) .)) (TOP (S (S (NP-SBJ Mechanized vacuum cleaners) (VP probe (NP the sand) (PP-MNR like (NP giant anteaters)))) ; (S (NP-SBJ (NP a whirring (ADJP ferris wheellike) excavator) , (PP with (NP (NP buckets) (CONJP instead of) (NP seats))) ,) (VP chews (PP-DIR through (NP (NP layers) (PP of (NP compacted sand)))))) ; (S (NP-SBJ-1 (NP tracks) and (NP conveyor belts)) , (S-ADV (NP-SBJ *-1) (VP shuttling (NP sand) (PP-DIR to (NP the screening plants)))) , (VP criss-cross (NP the beach))) .)) (TOP (S Then (NP-SBJ there) (VP is (NP-PRD (NP the artifical sea wall) , (ADJP (ADJP (NP-ADV 600 yards) long) and (ADJP (NP-ADV 60 yards) thick)) , (VP jutting (PP-DIR into (NP the ocean))))) .)) (TOP (S (S (NP-SBJ-1 *-2) (VP Made (NP *-1) (PP-CLR of (NP sand)))) , (NP-SBJ-2 it) (VP receives (NP (NP around-the-clock maintainence) (PP against (NP the battering waves)))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ (NP the mining) (PP-LOC in (NP (NP front) (PP of (NP the wall))))) (VP is (ADJP-PRD complete) (ADVP-TMP *T*-2)))) , (NP-SBJ-1 it) (VP is (VP moved (NP *-1) (ADVP-DIR northward))) .)) (TOP (S (NP-SBJ (NP A companion jetty) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP helps (S (NP-SBJ *) (VP hold (ADVP-CLR back) (NP the sea))))))) (VP looks (PP-CLR like (NP a rusting junkyard))) .)) (TOP (S (NP-SBJ-1 Engineers) (ADVP-TMP first) (VP used (NP concrete blocks) (S-CLR (NP-SBJ *-1) (VP to (VP bolster (NP the barrier))))) , but (S (NP-SBJ the ocean) (VP tossed (NP them) (ADVP-DIR aside) (PP-MNR like (FRAG (NP driftwood))))) .)) (TOP (S Then (NP-SBJ-2 someone) (VP decided (S (NP-SBJ *-2) (VP to (VP try (NP (NP broken-down earthmoving equipment) (SBAR (WHNP-1 that) , (S (ADVP inexplicably) , (NP-SBJ *T*-1) (VP held (PP-CLR against (NP the waves)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The Caterpillar people) (VP are n't (ADJP-PRD too happy) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ they) (VP see (S (NP-SBJ-3 their equipment) (VP used (NP *-3) (PP-MNR like (NP that)))) (ADVP-TMP *T*-2)))))) , '' (VP shrugs (S *T*-1)) (NP-SBJ Mr. George) .)) (TOP (S `` (NP-SBJ They) (VP figure (SBAR 0 (S (NP-SBJ it) (VP 's not (NP-PRD a (ADJP very good) advert))))) . '')) (TOP (S (PP Despite (NP all these innovations)) , (NP-SBJ-2 (NP most) (PP of (NP the diamonds))) (VP are (ADVP-TMP still) (VP found (NP *-2) (PP-LOC-CLR in (NP (NP the sand) (VP swept (NP *) (ADVP-DIR away) (PP by (NP-LGS (NP the men) (VP wielding (NP (NP shovels and brushes) -- (NP (NP the (ADJP ignominiously named) `` bedrock sweepers '') (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP toil (PP-LOC in (NP (NP the wake) (PP of (NP the excavators))))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Laboring (PP in (NP (ADJP blue and gray) overalls)))) , (NP-SBJ-1 they) (VP are (VP supposed (S (NP-SBJ-2 *-1) (VP (VP to (VP concentrate (PP-CLR on (S-NOM (NP-SBJ *) (VP cleaning (PRT out) (NP crevices)))))) , and not (VP strain (NP their eyes) (S-ADV (NP-SBJ *-2) (VP looking (PP-CLR for (NP diamonds))))))))) .)) (TOP (S But (SBAR-ADV (SINV should (NP-SBJ they) (VP spy (NP one)))) , (NP-SBJ the company) (VP will (VP pay (NP (NP a bonus) (ADJP equal (PP to (NP one-third its value)))))) .)) (TOP (S (PP For (NP (NP these workers) (PP-LOC at (NP (NP the bottom) (PP of (NP (NP the mine 's) pay scale)))))) , (NP-SBJ this) (VP is (ADVP-TMP usually) (NP-PRD enough (S (NP-SBJ *) (VP to (VP overcome (NP the temptation (S (NP-SBJ *) (VP to (VP steal (PRN -- (NP (NP a crime) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP earn (NP them) (NP (NP (QP up to 15) years) (PP-LOC in (NP jail)))))))))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ-1 employees) (VP do (ADVP-TMP occasionally) (VP try (S (NP-SBJ *-1) (VP to (VP smuggle (ADVP-CLR out) (NP a gem (QP or two))))))) .)) (TOP (S (NP-SBJ One man) (VP wrapped (NP several diamonds) (PP-LOC-CLR in (NP (NP the knot) (PP of (NP his tie))))) .)) (TOP (S (NP-SBJ Another) (VP poked (NP a hole) (PP-LOC-CLR in (NP (NP the heel) (PP of (NP his shoe))))) .)) (TOP (S (NP-SBJ A food caterer) (VP stashed (NP stones) (PP-LOC-CLR in (NP (NP the false bottom) (PP of (NP a milk pail))))) .)) (TOP (S (NP-SBJ None) (VP made (NP-CLR it) (PP-CLR past (NP the body searches and X-rays) (PP of (NP mine security)))) .)) (TOP (S (NP-SBJ-1 DISASTER STATES) (VP are n't (VP jumping (S-CLR (NP-SBJ *-1) (VP to (VP raise (NP taxes) (PP-PRP for (NP relief and recovery))))))) .)) (TOP (FRAG (ADVP-TMP Not yet) , (ADVP anyway) .)) (TOP (S (SBAR-TMP (ADVP Just) after (S (NP-SBJ Hurricane Hugo) (VP battered (NP South Carolina)))) , (NP-SBJ some officials) (VP talked (PP-CLR of (NP (S-NOM (NP-SBJ *) (ADVP perhaps) (VP adding (NP a penny) (PP-CLR to (NP the state gasoline tax)))) or (S-NOM (NP-SBJ *) (VP raising (NP property taxes)))))) .)) (TOP (S (NP-SBJ Gov. Campbell) (VP responded , `` (S (NP-SBJ They) (VP 're (VP mentioning (NP rope) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ there) (VP 's (VP been (NP-PRD a hanging) (PP-LOC in (NP the family)) (ADVP-TMP *T*-1))))))))) . '')) (TOP (S (NP-SBJ A spokesman) (VP says (SBAR 0 (S (NP-SBJ the governor) (VP believes (SBAR 0 (S (NP-SBJ-1 he) (VP can (VP avoid (NP increases) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP (VP relying (PP-CLR on (NP federal aid))) and (VP shifting (NP (NP funds) (PP-LOC in (NP state programs))))))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP Hugo 's) impact) (VP may (VP revive (NP unsuccessful proposals (S (NP-SBJ *) (VP to (VP give (NP local governments) (NP authority (S (NP-SBJ *) (VP to (VP levy (NP sales taxes))))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP North Carolina Gov. Martin))) (VP says (SBAR 0 (S (NP-SBJ Hugo) (VP has n't (VP prompted (NP (NP proposals) (PP for (NP (UCP state or local) increases)))))))) .)) (TOP (S (NP-SBJ (NP California) , (SBAR (WHADVP-1 where) (S (NP-SBJ earthquake damage) (VP may (VP top (NP (QP $ 5 billion) *U*) (ADVP-LOC *T*-1))))) ,) (VP plans (NP a special legislative session)) .)) (TOP (S (NP-SBJ Property-tax relief) (VP is (ADJP-PRD likely)) .)) (TOP (S (NP-SBJ Legislators) (VP are (VP talking (PP-CLR about (NP (NP temporary rises) (PP-LOC in (NP sales or gasoline taxes)))) , (SBAR-ADV although (S (NP-SBJ Gov. Deukmejian) (VP says (SBAR 0 (S (NP-SBJ they) (VP should (VP be (NP-PRD a last resort)))))))))) .)) (TOP (S (S (NP-SBJ Needs) (VP are n't (ADJP-PRD clear))) , and (S (NP-SBJ the state constitution) (VP makes (S (S-NOM-SBJ (NP-SBJ *) (VP increasing (NP taxes and spending))) (ADJP-PRD very difficult)))) .)) (TOP (S But (NP-SBJ some legislators) (VP think (SBAR 0 (S (NP-SBJ the time) (VP may (VP be (ADJP-PRD ripe (S (NP-SBJ *) (VP to (VP revise (NP the constitution)))))))))) .)) (TOP (S (NP-SBJ THE IRS) (VP WILL (VP PAY (SBAR-ADV if (S (NP-SBJ its error) (VP burdens (NP you) (PP-CLR with (NP bank charges))))))) .)) (TOP (S (NP-SBJ Policy statement P-5-39) (VP sets (PRT out) (NP terms)) .)) (TOP (S (PP As (NP (NP a result) (PP of (NP (NP an erroneous IRS levy) (PP on (NP a bank account)))))) , (NP-SBJ a taxpayer) (VP may (VP incur (NP (UCP administrative and overdraft) charges))) .)) (TOP (S (SBAR-ADV If (S (S (NP-SBJ the IRS) (VP admits (NP its error))) and (S (NP-SBJ-1 the charges) (VP have (VP been (VP paid (NP *-1))))))) , (NP-SBJ it) (VP will (VP reimburse (NP (NP a taxpayer) (SBAR (WHNP-2 who) (S (S (NP-SBJ-3 *T*-2) (VP has n't (VP refused (S (NP-SBJ *-3) (VP to (VP give (NP timely answers) (PP-DTV to (NP IRS inquiries)))))))) or (S (NP-SBJ *T*-2) (VP has n't (VP contributed (PP-CLR to (S-NOM (NP-SBJ *) (VP continuing or compounding (NP the error)))))))))))) .)) (TOP (S (NP-SBJ The IRS) (ADVP-TMP recently) (VP amended (NP-1 the policy) (S-PRP (NP-SBJ *-1) (VP to (VP cover (NP (NP stop-payment charges) (PP for (NP (NP checks) (VP lost (NP *) (PP by (NP-LGS the IRS)))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the IRS) (VP (VP asks (PP-CLR for (NP *RNR*-1))) and (VP gets (NP *RNR*-1)) (NP-1 (NP a replacement) (PP for (NP (NP a check) (SBAR (WHNP-2 that) (S (NP-SBJ it) (VP concedes (SBAR 0 (S (NP-SBJ it) (VP lost (NP *T*-2) (PP-LOC in (NP processing)))))))))))))) , (NP-SBJ it) (VP will (VP reimburse (NP the taxpayer) (PP for (NP (NP the stop-payment charge) (PP on (NP the original)))))) .)) (TOP (S (NP-SBJ-1 Reimbursement claims) (VP must (VP be (VP filed (NP *-1) (PP-CLR with (NP the IRS district or service-center director)) (PP-TMP within (NP (NP a year) (SBAR-TMP after (S (NP-SBJ the expense) (VP accrues)))))))) .)) (TOP (S (S-TPC-1 (SBAR-ADV If (S (NP-SBJ the IRS) (VP seeks (NP late-payment interest) (PP-PRP because of (NP the lost check))))) , (NP-SBJ you) (VP should (VP request (NP interest abatement)))) , (NP-SBJ publisher Prentice Hall) (VP notes (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP (QP JUST FIVE) ACRES) (ADJP MORE)) (VP are (NP-PRD (NP all) (SBAR (WHNP-1 0) (S (NP-SBJ-2 we) (VP need (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP feel (PP-PRD (ADVP really) at (NP home))))))))))) , (NP-SBJ they) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ (NP A couple) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP 'll (VP call (S (NP-SBJ *T*-1) (NP-PRD the Blandings))))))) (VP (VP spent (NP (QP nearly $ 800,000) *U*) (PP-CLR on (NP a (NX (NX 15-acre plot) and (NX main home))))) and (VP have (NP (NP an old (ADJP $ 175,000 *U*) mortgage) (ADJP exempt (PP from (NP (NP the new limit) (PP on (NP mortgage-interest deductions)))))))) .)) (TOP (S (NP-SBJ-1 They) (VP plan (S (NP-SBJ-2 *-1) (VP to (VP expand (NP the home site) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP buying (NP five adjoining acres) (PP-CLR for (NP (NP $ 200,000 *U*) , (VP (VP borrowed (NP *) (PP against (NP (NP a first mortgage) (PP on (NP the five acres))))) and (ADVP also) (VP collateralized (NP *) (PP by (NP-LGS the 15 acres))))))))))))) .)) (TOP (S (NP-SBJ Their debt) (VP will (VP be (PP-PRD (ADVP well) under (NP (NP the (ADJP (QP $ 1 million) *U*) limit) (PRN -- (PP on (S-NOM (NP-SBJ-2 *) (VP borrowing (S-PRP (NP-SBJ *-2) (VP to (VP acquire , build , or improve (NP a home))))))) --) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP qualifies (PP-CLR for (NP mortgage-interest deductions))))))))) .)) (TOP (S (SBAR As (S (NP-SBJ you) (VP can (VP guess)))) , (NP-SBJ-1 the Blandings) (VP want (S (NP-SBJ *-1) (VP to (VP deduct (NP (NP home-mortgage interest) (PP on (NP the (ADJP $ 200,000 *U*) loan))))))) .)) (TOP (S-1 But (PRN , (S (NP-SBJ IRS private ruling 8940061) (VP notes (SBAR 0 (S *T*-1)))) ,) (NP-SBJ no (NX (NX rule) or (NX court case))) (VP bears (ADVP-MNR directly) (PP-CLR on (NP (NP the issue) (PP of (S-NOM (NP-SBJ *) (VP adding (NP land) (PP-CLR to (NP a principal residence)))))))) .)) (TOP (S So (NP-SBJ the IRS) (VP has (VP drawn (NP a rationale) (PP-CLR from (NP (NP the sale) (PP of (NP (NP a home site) (VP (VP split (NP *) (PP-CLR in (NP two))) and (VP sold (NP *) (PP-TMP in (NP different years)) (PP-CLR to (NP the same buyer)))))))) ; (S (NP-SBJ a court) (VP let (S (NP-SBJ (NP the seller) (PP-LOC in (NP that old case))) (VP treat (NP this) (PP-CLR as (NP (NP the sale) (PP of (NP one residence)))))))))) .)) (TOP (S-1 (ADVP Thus) (PRN , (S (NP-SBJ the IRS) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP the Blandings ') (ADJP $ 200,000 *U*) loan) (VP is (NP-PRD home-acquisition debt)) , and (NP-SBJ (NP interest) (PP on (NP it))) (VP is (ADJP-PRD fully deductible)) .)) (TOP (S (S (NP-SBJ (NP EARTHQUAKE VICTIMS) (VP facing (NP imminent filing and payment deadlines))) (VP will (VP get (NP (NP (NP extensions) and (NP penalty waivers)) (PP like (NP (NP those) (ADJP provided (NP *) (PP-CLR for (NP (NP Hugo 's) victims))))))))) ; (S (NP-SBJ IRS Notice 89108) (VP has (NP details))) .)) (TOP (S (NP-SBJ Notice 89-107) (VP offers (NP (NP added relief) (PP for (NP (NP hurricane-hit concerns) (SBAR (WHNP-108 that) (S (NP-SBJ *T*-108) (VP must (VP file (NP pension and benefit-plan returns))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP REPORTS) (PP OF (NP (NP (NP PAYMENTS) (PP to (NP independent contractors))) (PP for (NP services))))) (VP must (VP be (VP filed (NP *-1) (PP by (NP-LGS businesses)))))) , but (S (NP-SBJ *) (VP do n't (VP bet (SBAR that (S (NP-SBJ-2 (NP contractors ') unreported income) (VP will (VP be (VP detected (NP *-2) (NP-MNR that way))))))))) .)) (TOP (S (NP-SBJ The General Accounting Office) (VP estimates (SBAR that (S (NP-SBJ (NP 50 %) (PP of (NP IRS audits))) (VP do n't (VP spot (NP (NP companies) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP fail (S (NP-SBJ *-2) (VP to (VP file (NP the reports))))))))))))) .)) (TOP (INTJ-HLN UH HUH :)) (TOP (S (S-TPC-1 (NP-SBJ (NP A claim) (PP by (NP (NP Peter Testa) (PP of (NP New York)))) (SBAR that (S (NP-SBJ a stranger) (VP paid (NP him) (NP $ 500 *U*) (S (NP-SBJ *) (VP to (VP (VP go (PP-DIR into (NP a bank))) and (VP change (NP (NP $ 44,400 *U*) (PP-CLR in (NP small bills))) (PP-CLR into (NP large bills)))))))))) `` (VP is (ADJP-PRD unconvincing))) , '' (NP-SBJ the Tax Court) (VP found (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ It) (VP held (SBAR that (S (NP-SBJ Testa) (VP is (ADJP-PRD taxable) (PP on (NP (NP $ 44,400 *U*) (PP of (NP unreported income)))))))) .)) (TOP (S (SBARQ-TPC-2 (WHADVP-1 WHY) (SQ (NP-SBJ *) (VP BE (NP-PRD (NP A MIDDLEMAN) (PP for (NP charitable gifts))) (ADVP-PRP *T*-1)) ?)) (NP-SBJ a retiree) (VP asks (SBARQ *T*-2)) .)) (TOP (S (S (NP-SBJ (NP A retired electrical engineer) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP 'll (VP call (S (NP-SBJ *T*-1) (NP-PRD Ben))))))) (VP works (ADVP-TMP part-time) (PP-CLR as (NP a consultant)))) , but (S (NP-SBJ-2 he) (VP does n't (VP want (S (NP-SBJ *-2) (VP to (VP earn (NP (NP so much) (SBAR that (S (NP-SBJ Social Security) (VP reduces (NP his benefits))))))))))) .)) (TOP (S So (NP-SBJ he) (VP has (VP arranged (SBAR-CLR for (S (NP-SBJ a university foundation) (VP to (VP set (PRT up) (NP (NP a scholarship fund) (PP for (NP undergraduate engineering students))))))))) .)) (TOP (S (S (NP-SBJ-1 He) (VP plans (S (NP-SBJ *-1) (VP to (VP tell (NP-2 clients) (S (NP-SBJ *-2) (VP to (VP pay (NP certain fees) (ADVP-MNR directly) (PP (PP to (NP the foundation)) (CONJP instead of) (PP to (NP him))))))))))) ; (S (NP-SBJ he) (VP would (VP omit (NP those fees) (PP-CLR from (NP (NP income) (VP reported (NP *) (PP-LOC on (NP his return)))))))) .)) (TOP (S So (NP-SBJ he) (VP asked (NP the IRS) (SBAR if (S (NP-SBJ the plan) (VP would (VP work))))) .)) (TOP (S-2 (ADVP Well) (PRN , (SINV (VP notes (SBAR 0 (S *T*-2))) (NP-SBJ IRS private ruling 8934014)) ,) `` (NP-SBJ a fundamental principle) '' (VP is (SBAR-PRD that (S (NP-SBJ-1 income) (VP must (VP be (VP taxed (NP *-1) (PP-CLR to (SBAR-NOM (WHNP-3 whoever) (S (NP-SBJ *T*-3) (VP earns (NP it))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The rule) (VP goes (ADVP-CLR back) (ADVP (ADVP (ADVP at least) as far) (PP as (NP a 1930 Supreme Court decision))))) , (NP-SBJ (NP Robert Willens) (PP of (NP Shearson Lehman Hutton))) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP assign (NP your income) (PP-CLR to (NP another))))) , (NP-SBJ you) (ADVP-TMP still) (VP have (VP (VP controlled (NP its disposition)) and (VP enjoyed (NP (NP the fruits) (PP of (NP your labor))) , (SBAR-ADV (ADVP even) if (FRAG (ADVP-MNR indirectly)))))) .)) (TOP (S (S-1 (NP-SBJ Ben) (VP (VP earns (NP (NP any fees) (VP sent (NP *) (ADVP-MNR directly) (PP-DIR to (NP charity))))) and (VP is (ADJP-PRD taxable) (PP on (NP them))))) (PRN , (S (NP-SBJ the IRS) (VP says (SBAR 0 (S *T*-1))))) ; (S (PP of (NP course)) , (NP-SBJ he) (ADVP also) (VP may (VP take (NP a charitable deduction) (PP for (NP them))))) .)) (TOP (NP-HLN BRIEFS :)) (TOP (S (S (NP-SBJ (NP Ways and Means veteran Gephardt) (PRN -LRB- (NP D.) , (NP-LOC Mo .) -RRB-)) (VP moves (PP-DIR to (NP the House Budget Committee)))) ; (S (NP-SBJ (NP Rep. Cardin) (PRN -LRB- (NP D.) , (NP-LOC Md .) -RRB-)) (VP replaces (NP him))) ... .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Seattle 's) license fees) (PP for (NP adult peep shows))) (VP (VP vary (PP-CLR from (NP (NP those) (PP for (NP other coin-operated amusements)))) (PP without (S-NOM (NP-SBJ *) (VP serving (NP a substantial government interest))))) and (VP are (ADJP-PRD unconstitutional)))) , (NP-SBJ the ninth-circuit appeals court) (VP holds (SBAR 0 (S *T*-1)) (PP for (NP Acorn Investments Inc))) .)) (TOP (S (NP-SBJ Blue-chip advertisers) (VP have (NP (NP plenty) (PP of (NP (NP complaints) (PP about (NP (NP (NP the magazines) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP advertise (PP-LOC in (NP *T*-1)))))))) , (VP ranging (PP-CLR (PP from (NP inadequate consumer research)) (PP to (NP (NP ad `` clutter '') and (NP (NP a (ADJP seemingly unchecked) proliferation) (PP of (NP special interest magazines))))))))))) .)) (TOP (S (NP-SBJ (NP Criticism) (PP from (NP (NP such big advertisers) (PP as (NP (NP Estee Lauder Inc.) , (NP Colgate-Palmolive Co.) and (NP Seagram Co.)))))) (VP put (NP a damper) (PP-PUT on (NP (NP the euphoria) (PP-LOC at (NP (NP the American Magazine Conference) (ADVP-LOC here)))))) .)) (TOP (S (NP-SBJ The conference) (VP opened (NP-TMP Monday) (PP with (NP (NP glowing reports) (PP about (NP (NP (NP consumer magazines ') growth) (PP-LOC in (NP (NP circulation) and (NP advertising revenue))) (PP-TMP in (NP the past year))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Magazines) (VP are not (VP providing (NP us) (NP (NP in-depth information) (PP on (NP circulation)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Edgar Bronfman Jr.) , (NP (NP (NP president) and (NP chief operating officer)) (PP of (NP Seagram))) ,) (PP-LOC in (NP a panel discussion)) .)) (TOP (SBARQ `` (WHADVP-1 How) (SQ do (NP-SBJ readers) (VP feel (ADVP-MNR *T*-1) (PP-CLR about (NP the magazine)))) ?)) (TOP (SBARQ (WHADVP-1 How deeply) (SQ do (NP-SBJ they) (VP read (NP it) (ADVP-MNR *T*-1))) ?)) (TOP (S (NP-SBJ Research) (VP does n't (VP tell (NP us) (SBAR whether (S (NP-SBJ people) (ADVP actually) (VP do (VP read (NP (NP the magazines) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP subscribe (PP-CLR to (NP *T*-1)))))))))))) . '')) (TOP (S (NP-SBJ (NP Reuben Mark) , (NP (NP chief executive) (PP of (NP Colgate-Palmolive))) ,) (VP said (SBAR 0 (S (NP-SBJ advertisers) (VP lack (NP (NP detailed (ADJP demographic and geographic) breakdowns) (PP of (NP (NP magazines ') audiences))))))) .)) (TOP (S `` (NP-SBJ We) (VP need (NP (NP research) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP convinces (NP us) (SBAR (SBAR that (S (NP-SBJ magazines) (VP are (NP-PRD (NP a real value) (PP-LOC in (NP (NP reader 's) lives)))))) , (SBAR that (S (NP-SBJ-2 readers) (VP are (ADVP really) (VP involved (NP *-2))))))))))) . '')) (TOP (S (NP-SBJ The critics) (ADVP also) (VP lambasted (NP the magazine industry) (PP-CLR for (NP (NP (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ executives) (ADVP-TMP often) (VP are (ADJP-PRD very proud (PP of (NP *T*-1))))))) : (NP (NP the growth) (PP-LOC in (NP magazine titles)) (PP-TMP during (NP the 1980s)))))) .)) (TOP (S (NP-SBJ (NP Leonard Lauder) , (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP Estee Lauder))) ,) (VP said (SBAR 0 (S (NP-SBJ consumer magazines) (VP are (VP suffering (PP-CLR from (SBAR-NOM (WHNP-3 what) (S (NP-SBJ he) (VP called (S (NP-SBJ *T*-3) (NP-PRD `` (NP niche-itis) , '' (NP (NP the increasing number) (PP of (NP (NP magazines) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP target (NP (NP the idosyncratic interests) (PP of (NP readers)))))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Niche-itis) (VP fragments (NP our advertising dollars))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Lauder) .)) (TOP (S `` (NP-SBJ-1 We) (VP are (VP being (VP over-magazined (NP *-1)))) .)) (TOP (S (NP-SBJ-2 We) (VP are (ADVP-TMP constantly) (VP faced (NP *-2) (PP-CLR with (S-NOM (NP-SBJ *) (VP deciding (SBAR-NOM (WHNP-1 (NP which partnerships) (PRN -LCB- (PP with (NP magazines)) -RCB-)) (S (NP-SBJ we) (VP can (VP keep (NP *T*-1)))))))))) . '')) (TOP (S (NP-SBJ He) (VP added : `` (S (S (NP-SBJ There) (VP 's (ADVP probably) (ADVP even) (NP-PRD (NP a magazine) (PP for (NP left-handed golfers))))) ... but (S (NP-SBJ the general interest magazine) (VP is (NP-PRD (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ we all) (VP miss (NP *T*-1))))))) , and (S (NP-SBJ it) (VP should (VP come (ADVP-DIR back)))))) . '')) (TOP (S (NP-SBJ Mr. Lauder) (ADVP also) (VP (VP attacked (SBAR-NOM (WHNP-1 what) (S (NP-SBJ he) (VP sees (NP *T*-1) (PP-CLR as (NP (NP the wide imitation) (PP of (NP (NP Elle) , (NP (NP a fashion magazine) (VP published (NP *) (PP by (NP-LGS Diamandis Communications Inc.)))) ,)))))))) and (VP criticized (NP (NP the practice) (PP of (S-NOM (NP-SBJ *) (VP stacking (NP ads) (PP-LOC at (NP (NP the front) (PP of (NP magazines)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 Readers) (VP do n't (VP want (S (NP-SBJ *-2) (VP to (VP face (NP (NP all those ad pages) (PP-LOC at (NP (NP the front) (PP of (NP a magazine))))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-1 Magazine editors) (VP did not (VP take (NP the criticisms) (S-ADV (NP-SBJ *-1) (VP lying (PRT down))))) .)) (TOP (SINV `` (S-TPC (NP-SBJ We) (VP spend (NP a fortune) (PP-CLR on (NP research information)))) , '' (VP said) (NP-SBJ (NP Steve Burzon) , (NP (NP publisher) (PP of (NP (NP Meredith Corp. 's) Metropolitan Home)))) .)) (TOP (S And (NP-SBJ (NP Tina Brown) , (NP (NP editor) (PP of (NP (NP Conde Nast Publications Inc. 's) Vanity Fair))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 advertisers) (VP are (ADVP-TMP frequently) (VP asked (NP-2 *-1) (S (NP-SBJ *-2) (VP to (VP take (NP (NP advertising positions) (PP-LOC in (NP (NP the back) (PP of (NP her magazine))))) (S-PRP (NP-SBJ *) (VP to (VP relieve (NP ad clutter)))))))))))) .)) (TOP (S `` (S-TPC-1 But (NP-SBJ advertisers) (VP would n't (VP think (PP-CLR of (NP it))))) , '' (NP-SBJ she) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Bernard Leser) , (NP (NP president) (PP of (NP Conde Nast))) ,) (VP added : `` (S (NP-SBJ Our research) (VP shows (SBAR 0 (S (NP-SBJ we) (VP sell (NP (NP more) (PP of (NP our heavier issues))) ... (SBAR-PRP because (S (NP-SBJ readers) (VP believe (SBAR 0 (S (NP-SBJ they) (VP are (VP getting (NP more) (PP for (SBAR-NOM (WHNP-1 what) (S (NP-SBJ they) (VP pay (PP-CLR for (NP *T*-1))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Wall Street securities giant Salomon Inc.) (VP posted (NP a big , unexpected earnings gain) (PP-TMP in (NP the third quarter)) , (S-ADV (NP-SBJ-2 *-1) (VP buoyed (NP *-2) (PP by (NP-LGS its securities trading and investment banking activities))))) .)) (TOP (S (NP-SBJ Salomon) (VP said (SBAR 0 (S (NP-SBJ net income) (VP soared (PP-DIR to (NP (NP (QP $ 177 million) *U*) , or (NP (NP $ 1.28 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 65 million) *U*) , or (NP (NP (NP 38 cents) (NP-ADV a share)) , (ADVP-TMP (NP a year) earlier)))))))) .)) (TOP (S (NP-SBJ Revenue) (VP (ADVP more than) doubled (PP-CLR to (NP (QP $ 2.62 billion) *U*)) (PP-CLR from (NP (QP $ 1.29 billion) *U*))) .)) (TOP (S (NP-SBJ A Salomon spokesman) (VP said (SBAR 0 (S (NP-SBJ (NP its stock , bond and foreign exchange trading) , (CONJP as well as) (NP its investment banking operations) ,) (VP were (ADJP-PRD mostly responsible (PP for (NP the earnings jump))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The earnings) (VP were (UCP-PRD (ADJP fine) and (PP-LOC above (NP expectations))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Michael W. Blumstein) , (NP (NP an analyst) (PP-LOC at (NP First Boston Corp)))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ-1 (NP Salomon 's) stock) (VP fell (NP-ADV $ 1.125 *U*) (NP-TMP yesterday) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP $ 23.25 *U*) (NP-ADV a share))) (PP-LOC in (NP New York Stock Exchange composite trading)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP suspect (SBAR 0 (S (NP-SBJ October) (VP was n't (ADJP-PRD (ADJP as good) (PP as (NP the third quarter))))) , and (S (NP-SBJ-2 they) (VP 'll (VP have (NP (NP difficulty) (S-ADV (NP-SBJ *-2) (VP matching (NP the third quarter) (PP-TMP in (NP the fourth quarter))))))))))) , '' (NP-SBJ Mr. Blumstein) (VP said (S *T*-1)) .)) (TOP (S But (NP-SBJ some analysts) (VP say (SBAR 0 (S (NP-SBJ Salomon) (VP has (VP turned (NP the corner)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP upgraded (NP the firm) (PP-CLR to (NP my buy list)) (SBAR-PRP because (S (NP-SBJ I) (ADVP certainly) (VP see (NP (NP signs) (PP of (NP improvement)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Lawrence Eckenfelder) , (NP (NP an analyst) (PP-LOC at (NP Prudential-Bache Securities)))) .)) (TOP (S `` (NP-SBJ The market) (VP has (VP been (ADJP-PRD overly harsh (PP to (NP them))))) . '')) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ investors) (VP remain (ADJP-PRD skittish (PP toward (NP Salomon))) (PP-PRP because of (NP its volatile earnings)))))) .)) (TOP (S (PP-TMP In (NP the first quarter)) , (NP-SBJ Salomon) (VP had (NP (NP a record loss) (PP of (NP (QP $ 28 million) *U*))) (PP on (NP (NP revenue) (PP of (NP (QP $ 1.54 billion) *U*))))) .)) (TOP (S But (PP-TMP in (NP the second quarter)) , (NP-SBJ Salomon) (VP posted (NP a record (ADJP (QP $ 253 million) *U*) net) (PP on (NP (NP revenue) (PP of (NP (QP $ 2.33 billion) *U*))))) .)) (TOP (S (PP For (NP the real estate industry)) , (NP-SBJ (NP a watchword) (PP for (NP the 1990s))) (VP will (VP be (S-PRD (NP-SBJ *) (VP (VP buy) , (PP more than (VP build)))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP the word) (VP expected (S (NP-SBJ *) (VP to (VP be (PP-LOC-PRD on (NP (NP the lips) (PP of (NP (NP the (QP more than 3,000) (NX (NX developers) , (NX pension-fund advisers) and (NX real estate financiers))) (VP slated (S (NP-SBJ *) (VP to (VP attend (NP (NP a four-day conference) , (VP (VP beginning (ADVP-LOC here) (NP-TMP today)) , (VP sponsored (NP *) (PP by (NP-LGS the Urban Land Institute))))))))))))))))))) .)) (TOP (S (NP-SBJ The ULI) (VP is (NP-PRD (NP a non-profit research and education group) (VP based (NP *) (PP-LOC-CLR in (NP (NP Washington) , (NP D.C.) ,))) (PP with (NP (NP 14,000 members) (ADVP-LOC nationwide))))) .)) (TOP (S (SBAR-ADV With (S (NP-SBJ the market) (ADJP-PRD overbuilt))) , (NP-SBJ builders) (VP are (VP finding (NP (NP limited opportunities) and (NP increased risks)))) .)) (TOP (S (NP-SBJ (NP Developers) and (NP money managers)) (VP are (VP looking (PP-CLR for (NP (NP bargains) (PP-LOC among (NP (NP the thousands) (PP of (NP (NP (ADJP financially troubled) properties) (PP-LOC around (NP the country)))))))))) .)) (TOP (S (NP-SBJ Real estate professionals) (ADVP-TMP now) (ADVP-TMP often) (VP bill (NP themselves) (PP-CLR as (NP (NP `` turnaround experts '') and (NP `` workout specialists)))) . '')) (TOP (S (NP-SBJ-1 Conference attendees) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP be (VP buzzing (PP-CLR about (NP (NP the workings) (PP of (NP (NP the (ADJP recently formed) Resolution Trust Corp.) , (NP (NP a federal agency) (VP charged (NP *) (PP-CLR with (S-NOM (NP-SBJ *) (VP disposing (PP-CLR of (NP (NP an estimated (QP $ 200 billion) *U*) (PP of (NP (NP real estate) (VP dumped (NP *) (PP-DIR in (NP government hands)) (PP by (NP-LGS insolvent savings and loans)))))))))))))))))))))) .)) (TOP (S (NP-SBJ Developers) (VP are (ADVP also) (VP eyeing (NP (NP the real estate portfolios) (PP of (NP major corporations))))) .)) (TOP (S (NP-SBJ-1 Some) (VP plan (S (NP-SBJ *-1) (VP to (VP pursue (NP (NP foreign development ventures) , (PP-LOC (ADVP mostly) in (NP Europe))))))) .)) (TOP (S And (NP-SBJ other developers) (VP may (VP shift (PP-DIR from (ADJP commercial)) (PP-DIR to (NP residential development)) (PP-LOC in (NP the U.S)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP are n't (NP-PRD (NP as many (ADJP economically viable) alternatives) (PP for (NP real estate developers)) (PP-LOC in (NP this country)) (PP as (ADVP-TMP (NP 10 years) ago))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Charles Shaw) , (NP a Chicago-based real estate developer)) . ``)) (TOP (S So (NP-SBJ developers) (VP are (VP saying (SBAR 0 (S (NP-SBJ they) (VP will (VP look (PP-CLR into (NP distressed properties)))))))) .)) (TOP (S (NP-SBJ They) (VP 'll (VP go (PP-DIR into (NP (NP someone) else 's pasture)) (ADVP (ADVP as long) (SBAR as (S (NP-SBJ it) (VP 's (ADJP-PRD (ADJP greener) (PP than (NP (NP the one) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP 're (PP-PRD in (NP *T*-1)) (ADVP-TMP now))))))))))))) . '')) (TOP (S (NP-SBJ Developers) (VP are (ADVP also) (VP forming (NP (NP more joint ventures) (PP with (NP (NP (NP pension funds) and (NP insurance companies)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP can (VP finance (NP big projects)))))))))) .)) (TOP (S (NP-SBJ-1 The builders) (VP are (ADJP-PRD more willing (S (NP-SBJ-2 *-1) (VP to (VP (VP give (PRT up) (NP some equity)) and (VP rely (PP-CLR on (NP management and consulting fees)) (S-PRP (NP-SBJ *-2) (VP to (VP stay (ADJP-PRD afloat) (PP-LOC in (NP the soft market))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 Developers) (VP are (VP teaming (PRT up) (PP-CLR with (NP institutions)) (S-ADV (NP-SBJ *-1) (ADVP-TMP often) (VP acting (PP-CLR as (NP project managers))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Smedes York) , (NP (NP ULI president) and (NP (NP president) (PP of (NP (NP York Properties Inc.) , (PP of (NP (NP Raleigh) , (NP N.C)))))))) .)) (TOP (S `` (NP-SBJ They) (VP are (VP growing (ADJP-PRD (ADJP more pragmatic) (PP about (NP their role))))) . '')) (TOP (S (NP-SBJ-1 Real estate firms) (VP are (ADVP also) (VP using (NP (NP their alliances) (PP with (NP financial institutions))) (S-CLR (NP-SBJ *-1) (VP to (VP amass (NP acquisition funds)))))) .)) (TOP (SINV `` (SBARQ-TPC-3 (WHADVP-2 Why) (SQ should (NP-SBJ-1 you) (VP (VP beat (NP your brains) (PRT out) (S-ADV (NP-SBJ *-1) (VP (VP fighting (NP (NP the environmentalists) , (NP the neighborhood groups) ,)) (VP dealing (PP-CLR with (NP (NP traffic mitigation) , (NP sewers)))) and (VP fighting (NP city hall)))) (ADVP-PRP *T*-2)) , then (VP try (S (NP-SBJ *-1) (VP to (VP convince (S (NP-SBJ a lender) (VP to (VP lend (NP you) (NP money) (PP-LOC in (NP an overbuilt market))))))))) (SBAR-TMP (WHADVP when) (S (NP-SBJ you) (VP can (VP (VP get (NP pension fund money)) , (VP buy (NP a portfolio)) , (VP sell (PRT off) (NP pieces) (PP-CLR off (NP it))) and (VP play (NP your own game)))))))) ?) '' (VP says (SBARQ *T*-3)) (NP-SBJ (NP Jack Rodman) , (NP (NP managing partner) (PP of (NP (NP the Los Angeles office) (PP of (NP (NP Kenneth Leventhal Inc.) (NP a national accounting firm))))))) .)) (TOP (S But (NP-SBJ experts) (VP say (SBAR that (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP comes (PP-CLR to (NP distressed properties)) (ADVP-TMP *T*-1)))) , (S-NOM-SBJ (NP-SBJ *) (VP finding (NP diamonds) (PP-LOC in (NP the rough)))) (VP is n't (ADJP-PRD easy))))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ (NP The level) (PP of (NP (NP interest) (PP in (NP (NP the RTC 's) properties))))) (VP (VP has (VP been (ADJP-PRD greater (SBAR than (S (NP-SBJ-1 *) (VP expected (NP *-1))))))) , and (VP has (VP come (PP-DIR from (NP (NP larger companies) (SBAR than (S (NP-SBJ-2 *) (ADVP-TMP initially) (VP anticipated (NP *-2)))))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Stan Ross) , (NP (NP Leventhal 's) co-managing partner)) .)) (TOP (S-2 And (S-PRP (NP-SBJ *-1) (VP to (VP succeed (PP-LOC in (NP the turnaround business))))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-1 developers) (VP may (VP have (S (NP-SBJ *-1) (VP to (VP put (PRT in) (NP (NP a lot) (PP of (NP money and time)))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Finding (NP (NP (NP pension funds) and (NP other sources)) (ADJP willing (S (NP-SBJ *) (VP to (VP invest))))))) (VP is (NP-PRD a high priority)) .)) (TOP (SINV (VP Quips (S *ICH*-1)) (NP-SBJ (NP David Shulman) , (NP (NP director) (PP of (NP real estate research)) (PP for (NP Salomon Brothers Inc.)))) : `` (S-1 (NP-SBJ (NP A theme) (PP of (NP the Urban Land conference))) (VP will (VP be ` (S-TTL-PRD (NP-SBJ *) (VP take (NP a pension fund manager) (PP-CLR to (NP lunch))))))) .)) (TOP (S (NP-SBJ (NP Sheraton Corp.) and (NP Pan American World Airways)) (VP announced (SBAR that (S (NP-SBJ (NP they) and (NP two Soviet partners)) (VP will (VP construct (NP two `` world-class '' hotels) (PP-LOC within (NP (NP a mile) (PP of (NP Red Square)))) (PP-LOC in (NP Moscow))))))) .)) (TOP (S (NP-SBJ (UCP U.S. and Soviet) officials) (VP hailed (NP the joint project) (PP-CLR as (NP (NP a new indication) (PP of (NP (NP the further thaw) (PP-LOC in (NP U.S.-Soviet relations))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ This) (VP is (NP-PRD (NP an outstanding example) (PP of (SBAR-NOM (WHADVP how) (S (NP-SBJ (NP the East) and (NP the West)) (VP can (VP work (ADVP-MNR together) (PP-PRP for (NP their mutual benefit and progress)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Soviet Ambassador Yuri Dubinin) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP hosted (NP (NP a signing ceremony) (PP for (NP (NP the venture 's) partners)) (PP-LOC at (NP the Soviet embassy here))))))) .)) (TOP (S (NP-SBJ (NP Commerce Secretary Robert Mosbacher) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP attended (NP the ceremony)))) ,) (VP called (S (NP-SBJ the undertaking) (NP-PRD (NP a `` historic step '') (PP-LOC in (NP (NP the evolution) (PP of (NP U.S.-Soviet ties))))))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ it) (ADVP likely) (VP will (VP have (NP a `` mulitiplier effect '') (PP in (S-NOM (NP-SBJ *) (VP stimulating (NP (NP further trade) (PP between (NP the two countries))))))))))) .)) (TOP (S (NP-SBJ The project) (VP will (VP be (NP-PRD (NP the largest U.S.-backed joint venture) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP undertaken (NP *-1) (PP-LOC in (NP the Soviet Union)) (PP-TMP in (NP recent years)))))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP the hotels)) , (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP called (S (NP-SBJ *-1) (NP-PRD the Sheraton Moscow))))))) ,) (VP (VP will (VP have (NP 450 rooms))) and (VP will (VP cost (NP an estimated (QP $ 75 million) *U*) (S (NP-SBJ *) (VP to (VP build (NP *?*))))))) .)) (TOP (S (NP-SBJ The six-story hotel) (VP (VP will (VP be (PP-LOC-PRD on (NP Gorky Street)))) and (VP (ADVP-TMP initially) will (VP cater (ADVP mostly) (PP-CLR to (NP business travelers))))) .)) (TOP (S (NP-SBJ It) (VP will (VP have (NP (NP a Russian tavern) , (NP an English pub) , (NP a discotheque) and (NP (ADJP Japanese and Italian) restaurants)) , (PP according (PP to (NP a Sheraton announcement))))) .)) (TOP (S (NP-SBJ-1 The hotel) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP open (PP-TMP in (NP 1992))))))) .)) (TOP (S (NP-SBJ-4 (NP The second hotel) , (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP called (S (NP-SBJ *-1) (NP-PRD the Budapest Hotel))))))) ,) (VP is (S-PRD (NP-SBJ-2 *-4) (VP to (VP be (VP constructed (NP *-2) (PP-LOC at (NP (NP a site) (ADVP-LOC even closer (PP to (NP Red Square)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Details) (PP about (NP its size and cost))) (VP have n't (ADVP-TMP yet) (VP been (VP determined (NP *-1)))) .)) (TOP (S (S (NP-SBJ (NP Sheraton) , (NP (NP a subsidiary) (PP of (NP ITT Corp.))) ,) (VP will (VP have (NP (NP a (ADJP 40 %) share) (PP in (NP the two hotels)))))) ; (S (NP-SBJ (NP Pan American) , (NP (NP a subsidiary) (PP of (NP Pan Am Corp.))) ,) (VP will (VP have (NP a (ADJP 10 %) share)))) .)) (TOP (S (NP-SBJ The Soviet owners) (VP will (VP be (NP-PRD (NP (NP Mossoviet) , (NP (NP Moscow 's) city governing body)) , and (NP (NP Aeroflot) , (NP the Soviet national airline))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ a Finnish group) (VP has (NP (NP a minority interest) (PP in (NP an (ADJP already operating) Moscow hotel)))))) , (NP-SBJ the Sheraton-Pan Am venture) (VP will (VP be (NP-PRD (NP the first joint-venture hotels) (PP-LOC in (NP the Soviet Union)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP have (NP (ADJP (NP (QP as much as 50) %) foreign) ownership)))))))) .)) (TOP (S (NP-SBJ U.S. companies) (VP account (PP-CLR for (NP (NP (QP less than 8) %) (PP of (NP (NP the (QP 1,000 or more) Soviet joint ventures) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP have (VP been (VP announced (NP *-1) (SBAR-TMP since (S (NP-SBJ the Soviets) (VP began (VP encouraging (NP such undertakings) (PP-TMP in (NP 1987)))))))))))))))) .)) (TOP (S But (NP-SBJ some U.S. companies) (VP are (VP negotiating (NP (NP projects) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP could (VP be (PP-LOC-PRD among (NP (NP the biggest ones) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP launched (NP *-1))))))))))))))) .)) (TOP (S (NP-SBJ (NP Chevron Corp.) , (NP Amoco Corp.) , (NP Archer-Daniels-Midland Co.) , and (NP Eastman Kodak Co.)) (VP are (PP-LOC-PRD among (NP (NP the U.S. companies) (VP known (S (NP-SBJ *) (VP to (VP be (VP considering (NP such ventures))))))))) .)) (TOP (S (NP-SBJ (NP Sheraton) and (NP Pan Am)) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP are (VP assured (NP *-1) (PP-LOC under (NP the Soviet joint-venture law)) (SBAR that (S (NP-SBJ they) (VP can (VP repatriate (NP (NP profits) (PP from (NP their hotel venture)))))))))))) .)) (TOP (S (S (NP-SBJ The Sheraton Moscow) (VP will (VP charge (NP (NP (QP about $ 140 to $ 150) *U*) (NP-ADV a day)) (PP for (NP (NP each) (PP of (NP its rooms))))))) , and (S (NP-SBJ it) (VP will (VP accept (NP payment) (PP (ADVP only) in (NP (NP currencies) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP can (VP be (VP traded (NP *-1) (PP-LOC in (NP foreign exchange markets)))))))))))) , (PP according (PP to (NP a Sheraton executive))) .)) (TOP (S (NP-SBJ (NP Thomas Plaskett) , (NP (NP Pan Am 's) chairman) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the U.S. airline 's) participation) (VP is (NP-PRD (NP a natural outgrowth) (PP of (NP (NP its current arrangements (S *ICH*-1)) (PP with (NP Aeroflot)) (S-1 (NP-SBJ *) (VP to (VP (ADVP-MNR jointly) operate (NP nonstop New York-Moscow flights))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP the rising volume) (PP of (NP passenger traffic)) (PP-LOC on (NP this route))) (VP justifies (NP (NP a major investment) (PP in (NP new high-standard Moscow hotels))))))) .)) (TOP (S (NP-SBJ-1 David Shaffer) (VP was (VP named (NP *-1) (PP-CLR to (NP (NP the new post) (PP of (NP (NP executive vice president) (PP of (NP (NP the Maxwell Macmillan group) (PP of (NP this communications giant)))))))))) .)) (TOP (S (NP-SBJ Mr. Shaffer) (VP takes (NP (NP primary responsibility) (PP for (NP the (UCP electronic and technical-services) group)))) .)) (TOP (S (NP-SBJ He) (VP had (VP been (NP-PRD (NP group vice president) (PP of (NP the electronic-publishing group))))) .)) (TOP (S (ADVP Also) , (NP-SBJ-1 (NP Sheldon Aboff) , (ADVP-TMP formerly) (NP (NP a vice president) (PP-LOC at (NP Maxwell))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP group vice president) (PP with (NP (NP responsibility) (PP for (NP various (UCP electronic and publishing-group) companies)))))))) .)) (TOP (S (S (NP-SBJ (NP Soichiro Honda 's) picture) (ADVP-TMP now) (VP hangs (PP-CLR with (NP Henry Ford 's)) (PP-LOC in (NP (NP the U.S. Automotive Hall) (PP of (NP Fame)))))) , and (S (NP-SBJ-1 (NP the game-show) `` (NP-TTL Jeopardy) '') (VP is (S-PRD (NP-SBJ *-1) (ADVP-TMP soon) (VP to (VP be (ADJP-PRD Sony-owned)))))) .)) (TOP (S But (NP no matter (SBAR-NOM (WHADVP-1 how much) (S (NP-SBJ Japan) (VP gets (PP under (NP our skin)) (ADVP-MNR *T*-1))))) , (NP-SBJ we) (VP 'll (ADVP-TMP still) (VP have (NP (NP mom) and (NP apple pie)))) .)) (TOP (S (PP On (NP second thought)) , (NP-SBJ *) (VP make (S (NP-SBJ that) (NP-PRD just mom))) .)) (TOP (S (NP-SBJ (NP A Japanese apple) (VP called (S (NP-SBJ *) (NP-PRD the Fuji)))) (VP is (VP cropping (PRT up) (PP-LOC in (NP orchards)) (NP-MNR (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ Hondas) (VP did (VP *?* (PP-LOC on (NP U.S. roads)) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (PP-TMP By (NP 1995)) (NP-SBJ-1 it) (VP will (VP be (VP planted (NP *-1) (ADVP-TMP (ADVP more often) (PP than (NP (ADJP any other) apple tree))) , (PP according (PP to (NP (NP a recent survey) (PP of (NP six apple-industry sages)) (PP by (NP Washington State University horticulturist Robert Norton)))))))) .)) (TOP (S (NP-SBJ Some fruit visionaries) (VP say (SBAR 0 (S (NP-SBJ the Fuji) (VP could (ADVP-TMP someday) (VP tumble (NP the Red Delicious) (PP-CLR from (NP (NP the top) (PP of (NP (NP America 's) apple heap))))))))) .)) (TOP (S (NP-SBJ It) (ADVP certainly) (VP wo n't (VP get (ADVP-LOC-CLR there) (PP on (NP looks)))) .)) (TOP (S (PP Compared (PP to (NP (NP the Red Delicious) , (NP (NP the exemplar) (PP of (NP apple pulchritude)))) ,)) (NP-SBJ the Fuji) (VP is (ADJP-PRD (ADJP decidedly more dowdy) -- (ADJP generally smaller) , (ADJP less-perfectly shaped) , (ADJP greenish , (PP with (NP (NP tinges) (PP of (NP red))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP hear (S (NP-SBJ most U.S. growers) (VP tell (NP it)))))) , (NP-SBJ we) (VP 'd (ADVP-TMP still) (VP be (PP-LOC-PRD in (NP Paradise)) (SBAR-ADV if (S (NP-SBJ the serpent) (VP had (VP proffered (NP one) (PP-CLR to (NP Eve)))))))) .)) (TOP (FRAG But (SBAR (WHADJP-1 how sweet) (S (NP-SBJ it) (VP is (ADJP-PRD *T*-1)))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ It) (VP has (NP (NP more sugar) `` (PP than (NP (NP any apple) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP 've (ADVP-TMP ever) (VP tested (NP *T*-1)))))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Duane Greene) , (NP a (NAC University (PP of (NP Massachusetts))) (NX (NX pomologist) , or (NX apple scholar)))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ It) (VP (VP has (NP a long shelf life)) and `` (VP does n't (VP fool (NP the public))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Grady Auvil) , (NP (NP an (NAC-LOC Orondo , Wash. ,) grower) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP (VP planting (NP Fujis)) and (VP spreading (NP (NP the good word) (PP about (NP them)))))))))) .)) (TOP (S `` (NP-SBJ-1 It) (VP does n't (VP look (ADJP-PRD nice) (PP-LOC on (NP the outside)) (SBAR-ADV while (S (NP-SBJ *-1) (VP getting (ADJP-PRD mealy) (ADVP-LOC inside)))))) . '')) (TOP (S (NP-SBJ-1 Mr. Auvil) , (S (NP-SBJ *-1) (ADJP-PRD razor sharp) (PP-TMP at (NP 83))) , (VP has (VP picked and packed (NP (NP a zillion pecks) (PP of (NP apples))) (PP-TMP over (NP the past 65 years)))) .)) (TOP (S (NP-SBJ-1 He) (VP is (VP known (NP *-1) (PP-CLR as (NP (NP the father) (PP of (NP (NP the U.S.-grown Granny Smith) , (NP (NP a (ADJP radically different) apple) (SBAR (WHNP-2 that) (S (NP-SBJ the conventional wisdom) (ADVP-TMP once) (VP said (SBAR 0 (S (NP-SBJ *T*-2) (VP would (ADVP-TMP never) (VP catch (PRT on))))))))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP did (VP *?* , (S-ADV (NP-SBJ *-1) (VP shaking (NP the apple establishment) (PP-CLR to (NP its roots)))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ (ADJP even more radical) changes) (VP seem (ADJP-PRD afoot) (SBAR-TMP as (S (NP-SBJ (NP the grand old maverick) (PP of (NP American apples))) (VP plays (NP (NP the role) (PP of (NP Hiroshi Appleseed))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 The Fuji) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP No. 1) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP replace (NP the Red Delicious)))))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ The Delicious hegemony) (VP wo n't (VP end (ADVP-TMP anytime soon))) .)) (TOP (S (S (NP-SBJ New apple trees) (VP grow (ADVP-MNR slowly))) , and (S (NP-SBJ the Red Delicious) (VP is (ADJP-PRD (ADJP almost as entrenched) (PP as (NP mom))))) .)) (TOP (S (NP-SBJ Its roots) (VP are (ADJP-PRD patriotic) -- (PP with (S-NOM (NP-SBJ the first trees) (VP appearing (PP-TMP in (NP 1872)) (PP-LOC in (NP (NP an orchard) (PP-LOC near (NP (NP Peru) , (NP Iowa))))) (PRN , (S-ADV (NP-SBJ *) (VP to (VP be (ADJP-PRD exact))))))))) .)) (TOP (S (PP-TMP For (NP (QP more than 50) years)) , (NP-SBJ it) (VP has (VP been (NP-PRD (NP the apple) (PP of (NP our eye))))) .)) (TOP (S (NP-SBJ A good Delicious) (VP can (ADVP indeed) (VP be (ADJP-PRD delicious))) .)) (TOP (S (NP-SBJ-1 (NP (QP More than twice as many) Red Delicious apples) (PP *ICH*-2)) (VP are (VP grown (NP *-1) (PP-2 as (NP (NP the Golden variety) , (NP (NP America 's) No. 2 apple))))) .)) (TOP (S But (NP-SBJ the apple industry) (VP is (ADJP-PRD ripe (PP for (NP change)))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ-1 Red Delicious) (VP has (VP been (VP overplanted (NP *-1))))) , and (S (NP-SBJ its prices) (VP have (VP dropped (PP-CLR below (NP (NP the cost) (PP of (NP production)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Washington State 's) Mr. Norton) .)) (TOP (S (NP-SBJ (NP The scare) (PP over (NP (NP Alar) , (NP (NP a growth regulator) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP makes (S (NP-SBJ apples) (ADJP-PRD redder and crunchier))) but (VP may (VP be (ADJP-PRD carcinogenic))))))) ,))) (VP made (S (NP-SBJ consumers) (VP shy (ADVP-DIR away (PP from (NP the Delicious))) , (SBAR-ADV though (S (NP-SBJ-2 they) (VP were (VP (VP (ADVP less) affected (NP *-2)) (PP than (NP the McIntosh))))))))) .)) (TOP (S (NP-SBJ (NP The (NX (NX glut) and (NX consequent lower prices))) , (PP combined (PP with (NP cancer fears))) ,) (VP was (NP-PRD (NP a (ADJP very serious) blow) (PP to (NP growers)))) .)) (TOP (S-2 `` (NP-SBJ (NP A lot) (PP of (NP growers))) (VP wo n't (VP be (ADVP-LOC-PRD around) (PP-TMP in (NP a few years)) (PRN , '' (SINV (VP says (S *T*-2)) (NP-SBJ Mr. Norton)) ,) (SBAR-ADV although (S (NP-SBJ-1 they) (VP have (VP stopped (S (NP-SBJ *-1) (VP using (NP Alar))))))))) .)) (TOP (S (NP-SBJ One) (VP may (VP be (NP-PRD (NP William Broderick) , (NP a (NAC-LOC Sterling , Mass. ,) grower)))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ This) (VP is (NP-PRD beautiful stuff))) , '' (NP-SBJ-1 he) (VP says (S *T*-2) , (S-ADV (NP-SBJ *-1) (VP looking (ADVP-MNR ruefully) (PP-CLR at (NP (NP big boxes) (PP of (NP (NP just-picked Red Delicious) (ADVP-LOC next (PP to (NP his barn)))))))))) .)) (TOP (S `` But (NP-SBJ-1 I) (VP 'm (VP going (S (NP-SBJ *-1) (VP to (VP lose (NP (QP $ 50,000 to $ 60,000) *U*) (PP on (NP it))))))) .)) (TOP (S (NP-SBJ-1 I) (VP 'm (VP going (S (NP-SBJ-2 *-1) (VP to (VP have (S (NP-SBJ *-2) (VP to (VP get (NP another job))))))) (NP-TMP this year) (S-PRP (ADVP just) (NP-SBJ *-1) (VP to (VP eat))))) . '')) (TOP (S (PP Besides (NP rotten prices)) , (NP-SBJ-1 he) (VP has (VP been (VP hit (NP *-1) (ADVP-TMP recently) (PP by (NP-LGS (NP hail) , (NP (NP a bark-nibbling horde) (PP of (NP mice))) , (NP fungi) and (NP bugs)))))) .)) (TOP (S (NP-SBJ (NP (NP (QP Some 500) insects) and (NP 150 diseases)) (PP *ICH*-2)) (VP wiggle , chew and romp (PP-DIR through (NP (NP growers ') nightmares)) , (PP-2 including (NP (NP maggots) , (NP mites) , (NP mildew) , (NP thrips) , (NP black rot) and (NP the flat-headed borer)))) .)) (TOP (S (S-TPC-1 (SBAR-ADV (ADVP Even) if (S (NP-SBJ a grower) (VP beats (NP them) (PRT back)))) , (NP-SBJ his $ 2,000 *U* rented bees) (VP might (VP (VP buzz (ADVP-CLR off) (PP-DIR to (NP (NP the neighbors ') orchards))) (CONJP instead of) (VP pollinating (NP his))))) , (NP-SBJ Mr. Broderick) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ growers) (VP ca n't (ADVP-TMP always) (VP keep (NP the worm) (PP-CLR from (NP the apple)))))) , (NP-SBJ-1 they) (VP can (VP protect (NP themselves) (PP-CLR against (NP (NP the price vagaries) (PP of (NP any one variety)))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP diversifying -- (PP-DIR into (NP (NP (NP the (ADJP recently imported) Gala) , (NP a sweet New Zealand native)) ; (NP (NP the Esopus Spitzenburg) , reportedly (NP (NP Thomas Jefferson 's) favorite apple)) ; (NP (NP disease-resistant kinds) (PP like (NP the Liberty)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 've (VP (VP ripped (ADVP-CLR out) (NP (NP a lot) (PP of (NP Delicious)))) '' and (VP grafted (NP the trees) (PP-CLR with (NP many different shoots)))))) , (VP says (S *T*-1)) (NP-SBJ-2 (NP Steve Wood) , (NP a (NAC-LOC West Lebanon , N.H. ,) grower)) , (S-ADV (NP-SBJ *-2) (VP tramping (PP-DIR through (NP his 100-acre Poverty Lane Orchard)) (PP-TMP on (NP a crisp autumn day)) (ADVP-TMP recently))) .)) (TOP (S `` (NP-SBJ I) (VP 've (VP got (NP (NP 70 kinds) (PP of (NP apples))))) .)) (TOP (S (SINV-TPC-3 (ADVP-LOC-PRD-TPC-1 Here) (VP 's (ADVP-LOC-PRD *T*-1)) (NP-SBJ a Waltana)) , '' (NP-SBJ-2 he) (VP exclaims (SINV *T*-3) , (S-ADV (NP-SBJ *-2) (VP picking (NP one) (PP-CLR off (NP a tree))))) .)) (TOP (S (NP-SBJ He) (VP (VP bites (NP it)) , (VP scowls) and (VP throws (NP it) (ADVP-DIR down))) . ``)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD a real dog)) . '')) (TOP (S (NP-SBJ Supermarkets) (VP are (VP getting (PP-DIR into (NP the variety act)) , (ADVP too))) .)) (TOP (S (S (NP-SBJ They) (ADVP-TMP still) (VP buy (NP apples) (PP (ADVP mainly) for (NP big , red good looks)))) -- (S (NP-SBJ that) (VP 's (SBAR-PRD (WHADVP-1 why) (S (NP-SBJ so many) (VP taste (PP-CLR like (NP (NP woodchucks ') punching bags)) (ADVP-PRP *T*-1)))))) .)) (TOP (S But (S (NP-SBJ freshness) (VP counts (ADVP-CLR (ADVP more) (SBAR than (S (NP-SBJ it) (ADVP-TMP once) (VP did (VP *?*))))))) , and (S (NP-SBJ stores) (VP are (VP expanding (NP shelf space) (PP-PRP for (NP (ADJP unconventional , but tastier , and often pricier ,) apples))))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-ADV Rather than (S (NP-SBJ *-1) (VP sell (NP 39-cents-a-pound Delicious)))) , (ADVP maybe) (NP-SBJ-1 we) (VP can (VP sell (NP 79-cents-a-pound Fujis)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Chuck Tryon) , (NP (NP perishables director) (PP for (NP (NP Super Valu Inc.) , (NP a Minneapolis (NX (NX supermarket chain) and (NX food distributor))))))) .)) (TOP (S (NP-SBJ The Fuji) (VP is (NP-PRD (NP a product) (PP of (NP (NP meticulous Japanese pomological engineering) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP fostered (NP it) (ADVP-TMP (NP 50 years) ago) (PP-LOC at (NP a government research orchard))))))))) .)) (TOP (S (NP-SBJ-1 Japanese researchers) (VP have (VP bred (NP (NP dozens) (PP of (NP (NP strains) (PP of (NP Fujis))))) (S-PRP (NP-SBJ *-1) (VP to (VP hone (NP its (NX (NX color) , (NX taste) and (NX shelf life)))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ (NP the best) (PP of (NP them))) (VP age (ADVP-MNR (ADVP as gracefully) (PP as (NP (NP Grannies) , (NP (NP (NP the industry 's) gold standard) (PP for (NP storability))))))) .)) (TOP (S (S (PP-LOC In (NP (NP the cornucopia) (PP of (NP go-go apples)))) , (NP-SBJ (NP the Fuji 's) track record) (VP stands (PRT out))) : (S (PP-TMP During (NP the past 15 years)) , (NP-SBJ it) (VP has (VP gone (PP-DIR from (NP almost zilch)) (PP-DIR to (NP (NP (QP some 50) %) (PP of (NP (NP Japan 's) market))))))) .)) (TOP (S-1 `` (S (NP-SBJ The Japanese apple market) (VP is (ADJP-PRD very keyed (PP to (NP high quality))))) (PRN , '' (SINV (VP says (S *T*-1)) (NP-SBJ (NP David Lane) , (NP (NP a scientist) (PP-LOC at (NP (NP a Canadian horticulture research center) (PP-LOC in (NP (NP Summerland) , (NP British Columbia)))))))) ,) and (ADVP so) (S (NP-SBJ apples) (VP are (NP-PRD (NP (NP more) (PP of (NP a delicacy))) (PP *ICH*-2)) (ADVP-LOC there) (PP-2 than (NP a big food commodity)))) .)) (TOP (S (NP-SBJ (NP The U.S. Department) (PP of (NP Agriculture))) (VP estimates (SBAR that (S (NP-TMP this year) (NP-SBJ Americans) (VP will (VP eat (NP (NP (NP (ADJP (NP (QP about 40) %) more) fresh apples) (PP per (NP capita))) (PP than (NP the Japanese)))))))) .)) (TOP (S (NP-SBJ-1 The Fuji) (VP is (ADVP-TMP still) (NP-PRD small potatoes) (PP-LOC in (NP the U.S.)) , (S-ADV (NP-SBJ-2 *-1) (VP sold (NP *-2) (PP-LOC (ADVP mainly) in (NP fruit boutiques))))) .)) (TOP (S-1 But (PP-LOC in (NP California)) (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Craig Ito) , (NP a Fuji-apple grower))) ,) `` (NP-SBJ There) (VP 's (NP-PRD a Fuji apple cult)) .)) (TOP (S (SBAR-TMP Once (S (NP-SBJ somebody) (VP eats (NP one)))) , (NP-SBJ-1 they) (VP get (VP hooked (NP *-1))) . '')) (TOP (S (NP-SBJ (NP Mr. Auvil) , (NP the Washington grower) ,) (VP says (SBAR that (S (NP-SBJ he) (VP could (VP sell (NP Fujis) (PP-DTV to (NP Taiwan buyers)) (PP-CLR at (NP (NP $ 40 *U*) (NP-ADV a box))) (SBAR-ADV if (S (NP-SBJ he) (VP had (NP them))))))))) .)) (TOP (S -LRB- (S-TPC-1 (NP-SBJ Taiwan) (ADVP-TMP already) (VP is (NP-PRD (NP a big importer) (PP of (NP (NP Fujis) (PP from (NP other places))))))) , (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1))) . -RRB-)) (TOP (S But (NP-SBJ-1 his first crop) (VP wo n't (VP be (VP picked (NP *-1) (PP-TMP till (NP next year))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 I) (VP expect (S (NP-SBJ *-2) (VP to (VP see (S (NP-SBJ the demand) (VP exceed (NP supply) (PP for (NP Fujis)) (PP-TMP for (NP the next (QP 10 to 15) years))))))))) , '' (NP-SBJ he) (VP adds (S *T*-1)) .)) (TOP (S (NP-SBJ Washington Red Delicious) (PRN , (PP by (NP the way)) ,) (VP are (VP wholesaling (PP-CLR for (NP (NP (QP less than $ 10) *U*) (NP-ADV a box))) (NP-TMP these days))) .)) (TOP (S (NP-SBJ Mr. Auvil) (VP sees (NP-1 Fujis) (PRN , (PP in (NP part)) ,) (PP-CLR as (S-NOM (NP-SBJ *-1) (VP striking (NP a blow) (PP-CLR against (NP (NP the perversion) (PP of (NP U.S. apples)) (PP by (NP supermarkets)))))))) .)) (TOP (S `` (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the chain stores) (VP took (PRT over) (ADVP-TMP *T*-1)))) , (NP-SBJ there) (VP was (ADVP-TMP no longer) (NP-PRD (NP a connection) (PP between (NP grower and consumer)))) .)) (TOP (S (NP-SBJ-1 A guy) (VP is (VP sitting (PRT up) (PP-LOC in (NP an office)) (S-ADV (NP-SBJ *-1) (VP deciding (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-3 you) (VP 're (VP going (S (NP-SBJ *-3) (VP to (VP eat (NP *T*-2)))))))))))) . '')) (TOP (S (PP After (NP all)) , (PP-TMP until (NP the 1950s)) (NP-SBJ even the Red Delicious) (VP was (NP-PRD a firm , delectable morsel)) .)) (TOP (S (ADVP-TMP Then) , (SBAR-TMP as (S (NP-SBJ growers) (VP bred (NP-1 them) (UCP-PRP (PP (ADVP more) for (NP looks)) , and (S (NP-SBJ *-1) (VP to (VP satisfy (NP (NP (NP supermarket chains ') demands) (PP of (NP long-term storage)))))))))) , (NP-SBJ the Red) (VP went (PP-DIR into (NP decline))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ (NP those red applelike things) (SBAR (WHNP-1 0) (S (NP-SBJ stores) (VP sell (NP *T*-1) (PP-TMP in (NP summer)))))) (VP are (UCP-PRD (ADJP (NP fruitbowl) lovely) , but (ADVP usually) not (NP good eating))) .)) (TOP (S (S (NP-SBJ They) (VP do (VP deserve (NP respect))) , (ADVP however)) -- (S (NP-SBJ they) (VP are (ADJP-PRD (NP (NP almost a year) (ADJP *ICH*-1)) old) , (ADJP-1 probably equal (PP to (NP (NP about 106) (PP in (NP human years))))))) .)) (TOP (S (NP-SBJ The Fuji) (PRN , (S-ADV (NP-SBJ *) (VP to (VP be (ADJP-PRD sure)))) ,) (VP has (NP blemishes) (ADVP too)) .)) (TOP (S (S (NP-SBJ It) (VP ripens (ADVP-TMP (ADVP later) (PP than (NP most apples))))) , and (S (S-NOM-SBJ (NP-SBJ *) (VP growing (NP it) (PP-LOC in (NP (NP U.S. areas) (PP with (NP chilly autumns)))))) (VP may (VP be (ADJP-PRD tricky)))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ the frumpy Fuji) (VP must (VP compete (PP-CLR with (NP an (ADJP increasingly dolledup) Delicious)))) .)) (TOP (S (NP-SBJ (NP Mr. Broderick) , (NP the Massachusetts grower) ,) (VP says (SBAR 0 (S (NP-SBJ (NP the `` big boss '') (PP-LOC at (NP a supermarket chain))) (ADVP even) (VP rejected (NP his Red Delicious) (ADVP-TMP recently) (SBAR-PRP because (S (NP-SBJ-1 they) (VP were n't (VP waxed and brushed (NP *-1) (PP-PRP for (NP extra shine)))))))))) .)) (TOP (S And (NP-SBJ he) (VP had n't (VP used (NP (NP hormones) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 many growers) (VP employ (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP elongate (NP their Delicious apples) (PP-PRP for (NP greater eye appeal))))))))))) .)) (TOP (S-1 (S (ADVP Still) (PRN , (S (NP-SBJ Mr. Auvil) (VP points (PRT out) (SBAR 0 (S *T*-1)))) ,) (NP-SBJ Grannies) (VP became (ADJP-PRD popular) (PP without (NP big , red looks)))) , so (SBARQ (WHADVP-2 why) (SQ not (NP-SBJ Fujis) (VP *?* (ADVP-PRP *T*-2))) ?))) (TOP (S (NP-SBJ He) (VP sees (NP (NP (NP a shift) (PP *ICH*-1)) (PP-LOC in (NP American values)) (PRN -- (ADVP at least) (VP regarding (NP apples)) --) (PP-1 toward (NP (NP (NP more emphasis) (PP on (NP substance))) and (ADJP (ADJP less) (PP on (NP glitz))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Taste) (VP has (ADVP-TMP finally) (VP come (PP-DIR to (NP the fore))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (FRAG Or , (PP for (NP that matter)) , (NP the core) .)) (TOP (S (NP-SBJ Brush Wellman Inc.) (VP said (SBAR 0 (S (NP-SBJ its board) (VP increased (NP (NP the number) (PP of (NP (NP shares) (PP of (NP common stock)) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP purchased (NP *-1) (PP-LOC under (NP a (ADJP previously authorized) program)))))))))) (PP-CLR to (NP 3.9 million)) (PP-CLR from (NP 2.9 million)))))) .)) (TOP (S (NP-SBJ (NP The maker) (PP of (NP engineered materials))) (VP has (VP acquired (NP (QP more than 2.7 million) shares) (PP-LOC under (NP the program)))) .)) (TOP (S (NP-SBJ-1 (NP The state attorney general 's) office) (VP filed (NP suit) (PP-CLR against (NP five New York brokerage firms)) , (S-ADV (NP-SBJ *-1) (VP charging (NP them) (PP-CLR with (NP (NP responsibility) (PP for (NP (NP much) (PP of (NP (NP a (ADJP (QP $ 200 million) *U*) loss) (VP incurred (NP *) (PP by (NP-LGS (NP the state treasurer 's) office)) (PP-TMP in (NP 1987)))))))))))) .)) (TOP (S (NP-SBJ The suit) (VP sets (NP (NP the firms ') liability) (PP-CLR at (NP (QP more than $ 185 million) *U*))) .)) (TOP (S (NP-SBJ The firms) (VP are (NP-PRD (NP Morgan Stanley & Co.) , (NP Salomon Brothers Inc.) , (NP County Natwest Government Securities Inc.) , (NP Greenwich Capital Markets Inc.) and (NP Goldman , Sachs & Co))) .)) (TOP (S (NP-SBJ The firms) (VP have all (VP said (SBAR that (S (NP-SBJ (NP West Virginia 's) suit) (VP is (PP-PRD without (NP merit))))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ the firms) (VP filed (NP (NP a suit) (VP *ICH*-1)) (PP-CLR against (NP West Virginia)) (PP-TMP in (NP New York state court)) (VP-1 asking (PP-CLR for (NP (NP a declaratory judgment) (VP absolving (NP them) (PP-CLR of (NP liability))))))) .)) (TOP (S (NP-SBJ-1 That suit) (VP is (S-PRD (NP-SBJ *-1) (VP pending))) .)) (TOP (S (NP-SBJ The suits) (VP relate (PP-CLR to (NP (NP a (ADJP (QP $ 200 million) *U*) loss) , (VP disclosed (NP *) (PP-TMP in (NP December))) , (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP was (VP suffered (NP *-1) (PP by (NP-LGS (NP West Virginia 's) consolidated investment pool))))))))) .)) (TOP (S (NP-SBJ The pool) (VP invested (NP idle cash) (PP for (NP many (NX (NX state agencies) and (NX local governments))))) .)) (TOP (S (PP-LOC In (NP its suit)) , (NP-SBJ (NP the attorney general 's) office) (VP alleges (SBAR that (S (NP-SBJ brokers) (VP encouraged (S (NP-SBJ (NP members) (PP of (NP (NP the treasurer 's) office))) (VP to (VP engage (PP-CLR in (NP (NP high-volume , high-risk transactions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP benefited (NP the brokers))))))))))))) .)) (TOP (S (NP-SBJ Few people) (VP are (ADJP-PRD aware (SBAR that (S (NP-SBJ the federal government) (VP lends (NP (NP (QP almost as much) money) (SBAR as (S (NP-SBJ it) (VP borrows (NP *?*)))))))))) .)) (TOP (S (PP-TMP (PP From (NP 1980)) (PP to (NP 1988))) , (SBAR-ADV while (S (NP-SBJ federal budget deficits) (VP totaled (NP (QP $ 1.41 trillion) *U*)))) , (NP-SBJ the government) (VP issued (NP (NP (NP (QP $ 394 billion) *U*) (PP of (NP new direct loans))) and (NP (NP an additional (QP $ 756 billion) *U*) (PP of (NP new primary loan guarantees))))) .)) (TOP (S (NP-SBJ These figures) (VP omit (NP (NP secondary guarantees) , (NP deposit insurance) , and (NP (NP the activities) (PP of (NP (NP Government-Sponsored Enterprises) (PRN -LRB- (S (NP-SBJ a huge concern) (PP-PRD in (NP its own right)) , (SBAR-ADV as (S (NP-SBJ-1 *) (VP detailed (NP *-1) (PP-LOC on (NP this page)) (NP-TMP May 3))))) -RRB-)))))) .)) (TOP (S (NP-SBJ-1 Federal credit programs) (VP (VP date (ADVP-DIR back) (PP-CLR to (NP the New Deal))) , and (VP were (VP meant (S (NP-SBJ *-1) (VP to (VP break (ADVP-MNR even) (ADVP financially))))))) .)) (TOP (S (PP-TMP Since (NP the 1950s)) , (NP-SBJ-1 federal lending) (VP has (VP experienced (NP (NP extraordinary growth) (PP-LOC in (NP (NP (NP credit volume) , (NP subsidy rates) , and (NP policy applications))))) , (S-ADV (NP-SBJ-2 *-1) (VP spurred (NP *-2) (PRT on) (PP by (NP-LGS (NP (NP the growth) (PP of (NP government)) (PP in (ADJP general))) and (NP (NP (NP budget gimmicks) and (NP deceptive management)) (PP in (NP particular))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ we) (VP will (VP see (NP *?*))))) , (NP-SBJ (NP many) (PP of (NP these obligations))) (VP do n't (VP show (PRT up) (PP-CLR as (NP (NP part) (PP of (NP the federal deficit)))))) .)) (TOP (S But (NP-SBJ recent events) (VP indicate (SBAR 0 (S (NP-SBJ that federal credit) (VP is (PP-PRD out (PP of (NP control))))))) .)) (TOP (S (S (NP-SBJ-2 Student loan defaults) (VP remain (ADJP-PRD high) (S-ADV (NP-SBJ *-2) (PP-PRD at (NP (QP about 12) %))))) , and (S (NP-SBJ-1 the program) (VP has (VP been (VP rocked (NP *-1) (PP by (NP-LGS (NP allegations) (PP of (NP fraud and mismanagement)))))))) .)) (TOP (S (S (NP-SBJ (NP Farmers Home Administration) (PRN -LRB- (NP FmHA) -RRB-) loans) (VP have (VP turned (PP-CLR into (NP (ADJP de facto) giveaway programs))))) ; (S (NP-SBJ-1 (NP losses) (PP-TMP over (NP the next three years))) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP exceed (NP (QP $ 20 billion) *U*))))))) .)) (TOP (S (NP-SBJ (NP Defaults) (PP on (NP Veterans Affairs loan guarantees))) (VP have (VP quadrupled (PP-TMP in (NP the past eight years)))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ the General Accounting Office) (VP reported (SBAR (SBAR that (S (NP-SBJ (NP defaults) (PP-LOC in (NP Federal Housing Administration guarantees))) (VP were (ADJP-PRD (ADJP (QP five times) as high) (SBAR as (S (NP-SBJ-1 *) (ADVP-TMP previously) (VP estimated (NP *-1)))))))) , and (SBAR that (S (NP-SBJ (NP FHA 's) equity) (VP fell (PP-DIR to (NP (QP minus $ 2.9 billion) *U*))))))) .)) (TOP (S (NP-SBJ (NP GAO 's) findings) (VP are (ADJP-PRD particularly troubling) (SBAR-PRP because (S (NP-SBJ-1 the FHA) (VP (VP has (NP (NP (QP about $ 300 billion) *U*) (PP in (NP (NP obligations) (ADJP outstanding))))) and (VP had (ADVP-TMP previously) (VP been (VP considered (S (NP-SBJ *-1) (NP-PRD (NP one) (PP of (NP the (ADJP most financially secure) credit programs))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Scores) (PP of (NP other credit programs))) , (S-ADV (NP-SBJ *-1) (VP subsidizing (NP (NP agriculture) , (NP small business) , (NP exporters) , (NP defense) , (NP energy) , (NP transportation) and (NP others) ,))) (VP are (UCP-PRD (ADJP less visible) but (PP in (NP (ADJP no better) shape)))) .)) (TOP (S (S (SBAR-ADV If (S (NP-SBJ the programs) (VP continue (NP their present path)))) , (NP-SBJ the potential government losses) (VP are (ADJP-PRD staggering))) : (S (NP-SBJ The federal government) (VP (VP holds (NP (NP (QP $ 222 billion) *U*) (PP in (NP (NP direct loans) (ADJP outstanding))))) and (VP backs (NP (NP an additional (QP $ 550 billion) *U*) (PP in (NP primary guarantees)))))) .)) (TOP (S -LRB- (NP-SBJ (NP (NP Secondary guarantees) (PP of (NP (NP pools) (PP of (NP FHA))))) - and (NP (NP VA-backed loans) (PP by (NP the agency)) (VP known (NP *) (PP-CLR as (NP Ginnie Mae))))) (ADVP-TMP currently) (VP exceed (NP (QP $ 330 billion) *U*)) . -RRB-)) (TOP (S (SBAR-ADV Although (S (NP-SBJ external events) (VP have (VP contributed (PP-CLR to (NP the morass)))))) , (NP-SBJ (NP the principal causes) (PP of (NP the current crisis))) (VP are (ADJP-PRD (ADJP internal) and (ADJP generic (PP to (NP all programs))))) .)) (TOP (S (S-PRP (NP-SBJ-3 *-2) (VP To (VP reduce (NP the risks) (SBAR-ADV while (S (NP-SBJ *-3) (ADVP-TMP still) (VP retaining (NP (NP the legitimate benefits) (SBAR (WHNP-1 0) (S (NP-SBJ these programs) (VP can (VP provide (NP *T*-1)))))))))))) , (NP-SBJ-2 credit policy) (VP must : (VP (LST 1 .) Use (NP credit) (S-CLR (NP-SBJ *-2) (VP (VP to (VP improve (NP (NP the operation) (PP of (NP capital markets))))) , not (VP to (VP provide (NP subsidies))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP a fundamental conflict) (PP between (NP (S-NOM (NP-SBJ *) (VP providing (NP a subsidy))) and (S-NOM (NP-SBJ *) (VP maintaining (NP (NP the integrity) (PP of (NP a credit program))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 the program) (VP is (VP meant (S (NP-SBJ *-1) (VP to (VP provide (NP a subsidy)))))))) , (S-NOM-SBJ (NP-SBJ *) (VP collecting (NP the debt))) (VP defeats (NP the original goal)) .)) (TOP (S (ADVP Thus) , (NP-SBJ-1 subsidized loans) (VP tend (S (NP-SBJ *-1) (VP to (VP turn (PP-CLR into (NP (NP giveaway programs) , (PP with (NP (NP increasing subsidy and default rates) (PP-TMP over (NP time)))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP avoid (NP this problem)))) , (NP-SBJ-1 government) (VP should (VP issue (NP credit) (SBAR-ADV (ADVP only) if (S (NP-SBJ-2 it) (VP intends (S (NP-SBJ *-2) (VP to (VP use (NP every legal method) (S-CLR (NP-SBJ *) (VP to (VP collect))))))))))) .)) (TOP (S (PP In (NP contrast)) , (NP-SBJ credit programs) (VP can (VP be (NP-PRD (NP appropriate tools) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP improve (NP (NP the operation) (PP of (NP capital markets))) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP legal restrictions) (PP on (NP interstate banking))) (ADVP-TMP once) (VP inhibited (NP (NP the supply) (PP of (NP credit)) (PP to (NP the agricultural sector)))) .)) (TOP (S (NP-SBJ-1 Farm lending) (VP was (VP enacted (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP correct (NP this problem) (PP-MNR by (S-NOM (NP-SBJ *) (VP providing (NP (NP a reliable flow) (PP of (NP lendable funds))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ this) (PP in (NP no way)) (VP justifies (NP the (NX (NX huge government subsidies) and (NX (NP losses) (PP-LOC on (NP such loans)))))) .)) (TOP (S (NP-SBJ Credit policy) (VP should (VP (VP separate (NP these two competing objectives)) and (VP eliminate (NP (NP aspects) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP provide (NP the subsidy)))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ-1 student loans) (ADVP-TMP currently) (VP attempt (S (NP-SBJ *-1) (VP to (VP (VP subsidize (NP college attendance)) and (VP mitigate (NP (NP problems) (VP created (NP *) (PP by (NP-LGS the fact (SBAR that (S (NP-SBJ-2 (NP students ') future earnings) (VP are not (VP accepted (NP *-2) (PP-CLR as (NP collateral))))))))))))))) .)) (TOP (S (NP-SBJ The program) (VP provides (NP (ADJP highly subsidized) loans) (PP-CLR to (NP (NP any student) (SBAR (WHNP-1 whose family) (S (NP-SBJ *T*-1) (VP earns (NP (NP less) (PP than (NP a particular amount))))))))) .)) (TOP (S (NP-SBJ (NP High default rates) , (NP a low interest rate) , and (NP (NP government coverage) (PP of (NP (NP all interest costs) (SBAR-TMP while (S (NP-SBJ the student) (VP is (PP-LOC-PRD in (NP school))))))))) (VP make (S (NP-SBJ program costs) (ADJP-PRD extremely high))) .)) (TOP (S (NP-SBJ-2 (NP Families) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do not (VP need (NP the loan)))))) (VP can (VP make (NP money) (PP-MNR (ADVP simply) by (S-NOM (NP-SBJ *-2) (VP (VP putting (NP the loan) (PP-PUT in (NP the bank))) and (VP paying (NP it) (PRT back) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the student) (VP graduates (ADVP-TMP *T*-3)))))))))) .)) (TOP (S (PP In (NP contrast)) , (NP-SBJ (NP a student loan program) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP was (VP meant (ADVP solely) (S (NP-SBJ *-1) (VP to (VP correct (NP capital-market imperfections))))))))) (VP would (VP allow (NP loans) (PP for (NP any student)) , (ADVP regardless (PP of (NP family income))) , (PP at (NP (UCP market or near-market) rates)))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ the student) (VP was (PP-LOC-PRD in (NP school))))) , (NP-SBJ-1 interest costs) (VP would (VP either be (VP (VP paid (NP *-1) (PP by (NP-LGS the student))) or (VP added (NP *-1) (PP-CLR to (NP the loan balance)))))) .)) (TOP (S (NP-SBJ (NP This program) , (VP combined (NP *) (PP-CLR with (NP (NP cash grants) (PP to (NP needy students))))) ,) (VP would (VP (VP reduce (NP program costs)) and (VP (ADVP-MNR much more effectively) target (NP the intended beneficiaries)))) .)) (TOP (S (LST 2 .) (NP-SBJ *) (VP Provide (NP better incentives)) .)) (TOP (S (PP Given (NP (NP the structure) (PP of (NP most credit programs)))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD surprising) (SBAR-1 that (S (NP-SBJ default rates) (VP are not (ADJP-PRD even higher))))) .)) (TOP (S (NP-SBJ Guarantee rates) (VP are (ADVP typically) (NP-PRD 100 %) , (S-ADV (NP-SBJ *) (VP giving (NP lenders) (NP (NP little reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP screen (NP customers) (ADVP-MNR carefully) (ADVP-PRP *T*-1))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Reducing (NP those rates) (ADVP-MNR moderately) (PRN -LRB- (INTJ say) , (PP-CLR to (NP 75 %)) -RRB-))) (VP would (ADVP-TMP still) (VP provide (NP substantial assistance) (PP-CLR to (NP borrowers)))) .)) (TOP (S But (NP-SBJ it) (VP would (ADVP also) (VP (VP encourage (S (NP-SBJ lenders) (VP to (VP (VP choose (NP (ADJP more creditworthy) customers)))))) , and (VP go (NP-ADV a long way) (PP-DIR toward (S-NOM (NP-SBJ *) (VP reducing (NP defaults))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ-1 the Small Business Administration) (VP has (VP had (NP reasonable success) (PP in (S-NOM (NP-SBJ *-1) (VP reducing (NP both (NP guarantee rates) and (NP default rates))))) (PP-LOC in (NP (NP its Preferred Lenders ') Program)))) .)) (TOP (S (NP-SBJ (NP Borrowers ') incentives) (VP are (ADJP-PRD equally skewed)) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ the government) (VP has (NP (NP a dismal record) (PP of (S-NOM (NP-SBJ *) (VP collecting (NP bad debts)))))))) , (NP-SBJ (NP the costs) (PP to (NP the borrower)) (PP of (NP defaulting))) (VP are (ADVP-TMP usually) (ADJP-PRD low)) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP it) (S *EXP*-2)) (VP is (ADVP-TMP often) (ADJP-PRD possible) (S-2 (NP-SBJ *) (VP to (VP obtain (NP a new government loan) (SBAR-ADV (ADVP even) if (S (NP-SBJ-1 existing debts) (VP are not (VP paid (NP *-1) (PRT off))))))))) .)) (TOP (S (NP-SBJ Simple policy prescriptions) (PP-LOC in (NP this case)) (VP would (VP be (S-PRD (S (NP-SBJ *) (VP to (VP improve (NP debt collection) (PRN -LRB- (S-ADV (NP-SBJ *) (VP taking (NP the gloves) (PP-CLR off (NP contracted collection agencies)))) -RRB-)))) and (S (NP-SBJ *) (VP to (VP deny (NP new credit) (PP-DTV to (NP defaulters)))))))) .)) (TOP (S (NP-SBJ These provisions) (VP (VP would (VP be (ADJP-PRD difficult (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP enforce (NP *T*-2)))))) (PP for (NP (NP a program) (VP intended (S (NP-SBJ *) (VP to (VP provide (NP a subsidy))))))))) , but (VP would (VP be (NP-PRD (ADJP reasonable and effective) devices) (PP for (NP (NP programs) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP attempt (S (NP-SBJ *-3) (VP to (VP offset (NP market imperfections)))))))))))) .)) (TOP (S (LST 3 .) (NP-SBJ *) (VP Record (NP (NP the true costs) (PP of (NP credit programs))) (PP-LOC in (NP the federal budget))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ the budget) (VP measures (NP cash flow)))) , (NP-SBJ-1 a new (ADJP $ 1 *U*) direct loan) (VP is (VP treated (NP *-1) (PP-CLR as (NP a (ADJP $ 1 *U*) expenditure)) , (SBAR-ADV (ADVP even) though (S (NP-SBJ-2 (NP (ADVP at least) part) (PP of (NP the loan))) (VP will (VP be (VP paid (NP *-2) (PRT back)))))))) .)) (TOP (S (NP-SBJ Loan guarantees) (VP do n't (VP appear (ADVP at all) (SBAR-TMP until (S (NP-SBJ the borrower) (VP defaults))) , (SBAR-PRP so (S (NP-SBJ new guarantees) (VP do not (VP raise (NP the deficit) , (SBAR-ADV (ADVP even) though (S (NP-SBJ they) (VP create (NP (NP future liabilities) (PP for (NP the government)))))))))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP converting (NP an expenditure or loan) (PP-CLR to (NP a guarantee))))) , (NP-SBJ-1 the government) (VP can (VP (VP ensure (NP (NP the same flow) (PP of (NP resources)))) and (VP reduce (NP the current deficit)))) .)) (TOP (S (ADVP Predictably) , (NP-SBJ (NP guarantees) (ADJP outstanding)) (VP have (VP risen (PP-MNR by (NP (QP $ 130 billion) *U*)) (PP-TMP since (NP 1985)) , (SBAR-TMP while (S (NP-SBJ (NP direct loans) (ADJP outstanding)) (VP have (VP fallen (PP-MNR by (NP (QP $ 30 billion) *U*)))))))) .)) (TOP (S (NP-SBJ (NP The true budgetary cost) (PP of (NP a credit subsidy))) (VP is (NP-PRD (NP the discounted value) (PP of (NP (NP the net costs) (PP to (NP government)))))) .)) (TOP (S (NP-SBJ-1 This figure) (VP could (VP be (VP (VP estimated (NP *-1) (S-ADV (NP-SBJ *) (VP using (NP (NP techniques) (VP employed (NP *) (PP by (NP-LGS private lenders)) (S-CLR (NP-SBJ *) (VP to (VP forecast (NP losses))))))))) , or (VP determined (NP *-1) (PP-MNR by (S-NOM (NP-SBJ *) (VP selling (NP loans) (PP-CLR to (NP private owners)) (PRN -LRB- (PP without (NP federal guarantees)) -RRB-)))))))) .)) (TOP (S (S (NP-SBJ Neither technique) (VP is (ADJP-PRD perfect))) , but (S (NP-SBJ both) (VP are (ADJP-PRD (ADJP better) (PP than (NP (NP the current system) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP misstates (NP (NP the costs) (PP of (NP new credit programs))) (PP-MNR by (NP (NP amounts) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP (VP vary (ADVP-MNR substantially)) and (VP average (NP (QP about $ 20 billion) *U*) (ADVP-TMP annually))))))) , (PP according (PP to (NP the Congressional Budget Office))))))))))) .)) (TOP (S (NP-SBJ (NP A budget) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP reflected (NP (NP the real costs) (PP of (NP lending))))))) (VP (VP would (VP eliminate (NP incentives (S (NP-SBJ *) (VP to (VP convert (NP (ADJP spending or lending) programs) (PP-CLR to (NP guarantees)))))))) and (VP would (VP let (S (NP-SBJ taxpayers) (VP know (SBAR-NOM (WHNP-2 what) (S (NP-SBJ Congress) (VP is (VP committing (NP them) (PP-CLR to (NP *T*-2))))))))))) .)) (TOP (S (LST 4 .) (NP-SBJ *) (VP Impose (NP standard (UCP accounting and administrative) practices)) .)) (TOP (S (NP-SBJ Creative accounting) (VP is (NP-PRD (NP a hallmark) (PP of (NP federal credit)))) .)) (TOP (S (NP-SBJ-1 Many agencies) (VP roll (PRT over) (NP their debt) , (S-ADV (NP-SBJ-2 *-1) (VP (VP paying (ADVP-CLR off) (NP delinquent loans) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP issuing (NP new loans))))) , or (VP converting (NP defaulted loan guarantees) (PP-CLR into (NP direct loans)))))) .)) (TOP (S (PP-LOC In (NP any case)) , (NP-SBJ-1 they) (VP avoid (S (NP-SBJ-2 *-1) (VP having (S (NP-SBJ *-2) (VP to (VP write (ADVP-CLR off) (NP the loans))))))) .)) (TOP (S (S (NP-SBJ Some agencies) (ADVP simply) (VP keep (S (NP-SBJ bad loans) (PP-LOC-PRD on (NP the books))))) ; (S (ADVP-TMP (ADVP as late) (PP as (NP 1987))) , (NP-SBJ the Export-Import Bank) (VP held (PP-LOC in (NP its portfolio)) (PP at (NP face value)) (NP (NP loans) (VP made (NP *) (PP-CLR to (NP Cuba)) (PP-TMP in (NP the 1950s)))))) .)) (TOP (S (ADVP More seriously) , (NP-SBJ FmHA) (VP has (VP carried (NP (NP (QP several billion) dollars) (PP of (NP defaulted loans))) (PP-MNR at (NP face value)))) .)) (TOP (S (PP-TMP Until (NP (NP GAO 's) recent audit)) , (NP-SBJ FHA books) (VP had not (VP been (ADJP-PRD subject (PP to (NP a complete external audit))) (PP-TMP in (NP 15 years)))) .)) (TOP (S (NP-SBJ (NP The administration) (PP of (NP federal credit))) (VP should (VP (ADVP-MNR closely) parallel (NP (NP private lending practices) , (PP including (NP (NP (NP the development) (PP of (NP a loan loss reserve))) and (NP regular outside audits)))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Establishing (NP these practices))) (VP would (VP (VP permit (NP (NP earlier identification) (PP of (NP emerging financial crises)))) , (VP provide (NP better information) (PP for (NP (NP loan sales) and (NP budgeting decisions)))) , and (VP reduce (NP fraud)))) .)) (TOP (S (NP-SBJ-1 Government lending) (VP was not (VP intended (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP (VP obfuscate (NP spending figures)) , (VP hide (NP fraudulent activity)) , or (VP provide (NP large subsidies)) (ADVP-MNR *T*-2))))))))))) .)) (TOP (S (NP-SBJ (NP The reforms) (VP described (NP *) (ADVP-LOC above))) (VP would (VP provide (NP a (ADJP (ADJP more limited) , but (ADJP (ADJP clearer) , (ADJP safer) and (ADJP ultimately more useful))) role) (PP-CLR for (NP (NP government) (PP as (NP a lender)))))) .)) (TOP (S (PP Without (NP such reforms)) , (NP-SBJ-1 credit programs) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a large-scale , high-risk proposition) (PP for (NP taxpayers))))))) .)) (TOP (S (NP-SBJ Mr. Gale) (VP is (NP-PRD (NP an assistant professor) (PP of (NP economics)) (PP-LOC at (NP UCLA)))) .)) (TOP (S (NP-SBJ-1 Malcolm S. Todt) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP vice president) and (NP (NP senior officer) (PP in (NP (NP charge) (PP of (NP (NP (NP equipment leasing) (PP to (NP municipalities))) , (NP (NP a new effort) (PP of (NP this bond insurer)))))))))))) .)) (TOP (S (NP-SBJ Mr. Todt) (VP had (VP been (NP-PRD (NP (NP vice president) and (NP treasurer)) (PP of (NP Insilco Corp))))) .)) (TOP (S (NP-SBJ-1 President Bush) (VP is (VP considering (S (NP-SBJ *-1) (VP casting (NP a line-item veto) (PP-CLR as (NP (NP a test) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP determine (SBAR whether (S (NP-SBJ the courts) (VP will (VP rule (SBAR that (S (NP-SBJ he) (VP has (NP such authority)))))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Bush) (VP has (ADVP-TMP long) (VP campaigned (PP-CLR for (NP (NP passage) (PP of (NP (NP (NP a bill) or (NP a constitutional amendment)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP (ADVP-MNR explicitly) give (NP him) (NP (NP a line-item veto) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP enable (S (NP-SBJ-3 him) (VP to (VP kill (NP (NP individual items) (PP-LOC in (NP a big spending bill))) (PP without (S-NOM (NP-SBJ-4 *-3) (VP having (S (NP-SBJ *-4) (VP to (VP kill (NP the entire bill))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP has (VP argued (SBAR that (S (NP-SBJ such presidential power) (VP is (ADJP-PRD necessary (S (NP-SBJ *) (VP to (VP rein (ADVP-CLR in) (NP congressional spending)))))))))) .)) (TOP (S But (NP-SBJ (NP some analysts) , (ADVP particularly) (NP conservative legal scholars) ,) (VP have (VP urged (NP-1 Mr. Bush) (S (S (NP-SBJ *-1) not (VP to (VP wait (PP-CLR for (NP explicit authorization))))) but (S (NP-SBJ *) (ADVP simply) (VP to (VP assert (SBAR that (S (NP-SBJ the Constitution) (ADVP-TMP already) (VP (ADVP-MNR implicitly) gives (NP him) (NP the power (S (NP-SBJ *) (VP to (VP exercise (NP a line-item veto)))))))))))))) .)) (TOP (S (NP-SBJ Such an assertion) (ADVP most likely) (VP would (VP bring (PRT about) (NP (NP a court challenge) (PP from (NP Congress)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP clarify (SBAR whether (S (NP-SBJ a president) (ADVP-TMP already) (VP has (NP such power))))))))))) .)) (TOP (S (NP-SBJ-1 White House spokesman Marlin Fitzwater) , (S-ADV (NP-SBJ *-1) (VP confirming (NP (NP comments) (VP made (NP *) (NP-TMP this week) (PP by (NP-LGS Vice President Dan Quayle)))))) , (VP said (SBAR 0 (S (NP-SBJ Mr. Bush) (VP is (ADJP-PRD `` interested '' (PP in (S-NOM (NP-SBJ *) (VP finding (NP a suitable test case))))))))) .)) (TOP (S But (NP-SBJ he) (ADVP also) (VP said (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP exercising (NP a test line-item veto))) (VP is n't (NP-PRD a `` top initiative '') (PP-LOC on (NP (NP the president 's) agenda)) (SBAR-PRP because (S (NP-SBJ he) (VP faces (NP more-pressing budget issues) (PP-TMP at (NP the moment))))))))) .)) (TOP (S (NP-SBJ-1 (NP Harris Ravine) , (NP (NP executive vice president) (PP of (NP customer satisfaction))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP executive vice president) , (NP (NP finance and administration) (PP of (NP (NP this maker) (PP of (NP data storage equipment))))))))) .)) (TOP (S (NP-SBJ Mr. Ravine) (VP succeeds (NP (NP William R. Mansfield Jr.) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP will (VP remain (PP-CLR with (NP the company)) (PP-TMP until (NP (NP the end) (PP of (NP the year)))) (S-PRP (NP-SBJ *-2) (VP (VP to (VP support (NP the transition))) and (VP to (VP complete (NP important projects))))))))))) .)) (TOP (S (NP-SBJ The Bush administration) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP submitting (NP (NP a `` comprehensive '' proposal) (PP for (S-NOM (NP-SBJ *) (VP overhauling (NP agricultural trade)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP help (VP break (NP (NP an impasse) (PP-LOC in (NP (NP the current round) (PP of (NP multilateral trade negotiations)))))))))))))))) .)) (TOP (S (NP-SBJ The proposal) (VP reiterates (NP the U.S. desire (S (NP-SBJ *) (VP to (VP scrap or reduce (NP (NP a host) (PP of (NP (NP trade-distorting subsidies) (PP on (NP farm products)))))))))) .)) (TOP (S But (NP-SBJ it) (VP would (VP allow (NP (NP considerable flexibility) (PP-LOC in (S-NOM (NP-SBJ *) (VP determining (SBAR (WHADVP-2 how and when) (S (NP-SBJ-1 these goals) (VP would (VP be (VP achieved (NP *-1) (ADVP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ-2 The U.S. plan) (ADVP also) (VP would (VP ease (NP (NP the transition) (PP to (NP freer agriculture trade))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP allowing (S (NP-SBJ some countries) (VP to (VP convert (NP non-tariff barriers) (PP-CLR into (NP (NP tariffs) (SBAR (WHNP-1 that) , (S (S-ADV (NP-SBJ *-3) (ADJP-PRD together (PP with (NP existing tariffs)))) , (NP-SBJ-3 *T*-1) (ADVP-TMP then) (VP would (VP be (VP phased (NP *-3) (PRT out) (PP-TMP over (NP 10 years))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Trade Representative Carla Hills) , (SBAR (WHNP-1 who) (S (PP along (PP with (NP Agriculture Secretary Clayton Yeutter))) (NP-SBJ *T*-1) (VP unveiled (NP the proposal)))) ,) (VP said (SBAR 0 (S (NP-SBJ she) (VP is (ADJP-PRD confident (SBAR 0 (S (NP-SBJ it) (VP will (VP gain (NP (NP considerable support) (PP from (NP (NP the U.S. 's) trading partners)))))))))))) .)) (TOP (S (NP-SBJ-4 Mr. Yeutter) , (S-ADV (NP-SBJ-5 *-4) (VP seeking (S (NP-SBJ *-5) (VP to (VP allay (NP (NP European objections) (PP to (NP (NP an earlier U.S. plan) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP called (PP-CLR for (S-NOM (NP-SBJ *) (VP eliminating (NP all farm-trade barriers) (PP-TMP by (NP the year 2000)))))))))))))))) , (VP said (SBAR 0 (S (NP-SBJ the new U.S. proposal) (VP (VP would n't `` (VP put (NP farmers) (PP-CLR out (PP of (NP business)))) '') but (VP would (ADVP only) (VP encourage (S (NP-SBJ them) (VP to `` (VP grow (NP (SBAR-NOM (WHNP-2 what) (S (NP-SBJ the markets) (VP desire (NP *T*-2)))) (CONJP instead of) (SBAR-NOM (WHNP-3 what) (S (NP-SBJ the government) (VP wants (NP *T*-3)))))))))))))) . '')) (TOP (S (NP-SBJ-1 The U.S.) (VP is (VP submitting (NP the proposal) (NP-TMP today) (PP-LOC in (NP Geneva)) , (S-ADV (NP-SBJ *-1) (VP hoping (SBAR that (S (NP-SBJ the initiative) (VP will (VP spur (S (NP-SBJ (NP members) (PP of (NP (NP the General Agreement) (PP on (NP Tariffs and Trade))))) (VP to (VP reach (NP (NP agreement) (PP on (NP new trade rules))) (SBAR-TMP before (S (NP-SBJ their current negotiating round) (VP concludes (PP-TMP in (NP December 1990)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Another U.S. proposal) (VP filed (NP *) (NP-TMP Monday))) (VP urges (NP (NP more `` fair play '') (PP-LOC in (NP (NP services trade) , (PP including (NP (NP (ADJP predictable and clear) rules) and (NP (NP equality) (PP-LOC in (NP (NP the treatment) (PP of (NP (ADJP foreign and domestic) service companies))))))))))) .)) (TOP (S (PP Unlike (NP (NP the earlier U.S. farm-trade proposal) (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP struck (NP European countries) (SBAR-CLR as (S (NP-SBJ *-2) (ADJP-PRD too extreme)))))))) , (NP-SBJ the latest plan) (VP would (VP provide (NP (NP some room) (PP for (NP maneuver))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ the new U.S. package) (VP makes (S (ADJP-PRD clear) (SBAR-SBJ 0 (S (NP-SBJ there) (VP would (VP be (NP-PRD (NP a transition period) (SBAR (WHPP-2 during (WHNP which)) (S (NP-SBJ-1 GATT members) (VP could (VP use (NP (NP a combination) (PP of (NP tariffs and quotas))) (S-CLR (NP-SBJ *-1) (VP to (VP cushion (NP their farmers) (PP-CLR from (NP foreign competition))))) (PP-TMP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP says (SBAR 0 (S (NP-SBJ countries) (VP could (ADVP-TMP temporarily) (VP raise (NP (NP tariffs) (PP on (NP certain products))) (SBAR-ADV if (S (NP-SBJ they) (VP experience (NP (NP an (ADJP unusually heavy) volume) (PP of (NP imports))))))))))) .)) (TOP (S (ADVP Instead (PP of (S-NOM (NP-SBJ *-1) (VP proposing (NP (NP a complete elimination) (PP of (NP farm subsidies))) , (SBAR-ADV as (S (NP-SBJ the earlier U.S. proposal) (VP did (VP *?*)))) ,)))) (NP-SBJ-1 the new package) (VP calls (PP-CLR for (NP (NP the elimination) (PP of (NP only the (ADJP most tradedistorting) ones))))) .)) (TOP (S (S (NP-SBJ Less objectionable ones) (VP would (VP be (ADJP-PRD subject (ADVP only) (PP to (NP some restraints)))))) , and (S (NP-SBJ-1 (NP others) (PP with (NP a `` (ADJP relatively minor) trade impact ''))) (VP would (VP be (VP allowed (S (NP-SBJ *-1) (VP to (VP continue (PP-LOC under (NP certain conditions))))))))) .)) (TOP (S (NP-SBJ The new U.S. plan) (ADVP also) (VP would (VP establish (NP (NP procedures) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP prevent (NP countries) (PP from (S-NOM (NP-SBJ-1 *) (VP using (NP health and sanitation rules) (S-CLR (NP-SBJ *-1) (VP to (VP impede (NP trade) (ADVP-MNR arbitrarily))))))) (ADVP-CLR *T*-2)))))))) .)) (TOP (S (NP-SBJ The goal) (VP would (VP be (S-PRD (NP-SBJ *) (VP to (VP resolve (NP (NP disputes) (PP such as (NP (NP one) (VP prompted (NP *) (PP by (NP-LGS (NP the European Community 's) current attempt (S (NP-SBJ *) (VP to (VP bar (NP (NP imports) (PP of (NP beef)) (PP from (NP hormone-treated U.S. cattle))))))))))))))))) .)) (TOP (S (NP-SBJ The U.S.) (VP contends (SBAR that (S (NP-SBJ the rules) (VP are n't (ADJP-PRD justified) (PP on (NP health grounds)))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP encourage (NP (NP more competition) (PP-LOC among (NP exporting countries)))))) , (NP-SBJ-1 the U.S.) (VP is (VP proposing (SBAR that (S (NP-SBJ-2 (NP export subsidies) , (PP including (NP (NP tax incentives) (PP for (NP exporters)))) ,) (VP be (VP phased (NP *-2) (PRT out) (PP-TMP in (NP five years)))))))) .)) (TOP (S (NP-SBJ-1 Procter & Gamble Co.) , (S-ADV (NP-SBJ-2 *-1) (VP helped (NP *-2) (PP by (NP-LGS (NP (NP a gain) (PP from (NP a lawsuit settlement))) and (NP (NP continued growth) (ADVP-LOC overseas)))))) , (VP posted (NP (NP a (ADJP 38 %) rise) (PP-LOC in (NP fiscal first-quarter net income)))) .)) (TOP (S (NP-SBJ (NP Net) (PP for (NP (NP the quarter) (VP ended (NP-TMP Sept. 30))))) (VP climbed (PP-DIR to (NP (NP (QP $ 551 million) *U*) , or (NP (NP $ 1.66 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 400 million) *U*) , or (NP (NP (NP $ 1.18 *U*) (NP-ADV a share)) , (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ-2 Per-share figures) (VP have (VP been (VP adjusted (NP *-2) (PP-CLR for (NP (NP a 2-for-1 stock split) (ADJP effective (NP-TMP Oct. 20))))))) .)) (TOP (S (NP-SBJ Sales) (VP increased (NP-EXT 6 %) (PP-DIR to (NP (QP $ 5.58 billion) *U*)) (PP-DIR from (NP (QP $ 5.27 billion) *U*))) .)) (TOP (S (NP-SBJ-1 (NP Earnings) (PP-LOC at (NP the consumer-products giant))) (VP were (VP boosted (NP *-1) (PP by (NP-LGS (NP a gain) (PP of (NP (NP (QP $ 125 million) *U*) , or (NP (NP (QP about 25) cents) (NP-ADV a share)) ,)) (VP stemming (PP-DIR from (NP (NP (NP last month 's) settlement) (PP of (NP (NP litigation) (PP with (NP (NP three) (PP of (NP (NP P&G 's) competitors)))) (PP over (NP (NP patents) (PP on (NP (NP P&G 's) Duncan Hines cookies))))))))))))) .)) (TOP (S (PP Excluding (NP the gain)) , (NP-SBJ (NP P&G 's) earnings) (VP were (ADJP-PRD close (PP to (NP (NP (NP analysts ') predictions) (PP of (NP (NP (QP about $ 1.40) *U*) (NP-ADV a share))) (PP for (NP the quarter)))))) .)) (TOP (S (NP-SBJ Wall Street) (VP had (VP expected (NP (NP (NP a modest rise) (PP-LOC in (NP (NP the company 's) domestic sales and earnings))) , and (NP (NP more substantial increases) (PP-LOC in (NP overseas results)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP One factor) (VP helping (NP sales and earnings))) (VP was (NP-PRD (NP a (ADJP 3 %) price rise) (PP for (NP (NP most P&G products) , except (NP coffee)))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Unit volume) , or (NP (NP amount) (PP of (NP products)) (VP shipped (NP *))) ,) (VP rose (NP-EXT (QP about 11) %) (PP-LOC in (NP the international segment)) , (PP with (S-NOM (NP-SBJ-1 P&G) (VP continuing (S (NP-SBJ *-1) (VP to (VP win (NP market share) (PP-LOC in (NP (NP Japan 's) diaper and detergent markets))))))))) .)) (TOP (S (NP-SBJ (NP Jay Freedman) , (NP (NP analyst) (PP with (NP Kidder , Peabody & Co.))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP (NP P&G 's) Always sanitary napkin) , (VP sold (PP under (NP the Whisper name)) (PP-LOC in (NP Japan))) ,) (VP has (VP (ADVP-MNR firmly) established (NP itself) (PP-CLR as (NP a leading brand))))))) .)) (TOP (S (NP-SBJ He) (VP figures (SBAR 0 (S (NP-SBJ-1 P&G) (VP will (VP expand (NP (NP its personal-care product line) (PP-LOC in (NP Japan))) (S-PRP (NP-SBJ *-1) (VP to `` (VP continue (NP that momentum))))))))) . '')) (TOP (S (NP-SBJ (NP P&G 's) U.S. shipments) (VP were (ADVP-PRD up (NP (QP just 1) %)) , (SBAR-PRP (ADVP partly) because (S (NP-SBJ-1 the company) (VP decided (S (NP-SBJ *-1) (VP to (VP shift (NP (NP more promotions and sales) (PP for (NP health and beauty products))) (PP-DIR to (NP the fiscal second quarter))))))))) .)) (TOP (S (NP-SBJ (NP Hugh Zurkuhlen) , (NP (NP analyst) (PP with (NP Salomon Bros.))) ,) (VP predicts (SBAR 0 (S (NP-SBJ the shift) (VP will (VP mean (SBAR 0 (S (NP-SBJ (NP (NP P&G 's) sales growth) (PP-TMP in (NP the second quarter))) (VP will (VP be `` (PP-LOC-PRD in (NP the double digits))))))))))) . '')) (TOP (SINV (ADVP Also) (VP-TPC-2 slowing (NP (NP growth) (PP-LOC in (NP the U.S.)))) (VP were (VP *T*-2)) (NP-SBJ (NP lackluster results) (PP for (NP (NP (NP P&G 's) cooking oils) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP a strong year-earlier first quarter))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Last year 's) drought) (PP-LOC in (NP the Midwest))) (VP prompted (S (NP-SBJ retailers) (VP to (VP stock (PRT up) (PP-CLR on (NP oils)) (ADVP-TMP ahead (PP of (NP anticipated price increases)))))) , (S-ADV (NP-SBJ *) (VP boosting (NP (NP sales) (PP for (NP Crisco and Puritan oils))))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP For (NP fiscal 1990)) , (NP-SBJ analysts) (VP expect (S (NP-SBJ-1 (NP P&G 's) sales) (VP to (VP continue (S (NP-SBJ *-1) (VP to (VP grow , (PP with (S-NOM (NP-SBJ earnings) (VP climbing (NP-EXT (QP between 15 % and 20 %) *U*))))))))))) .)) (TOP (S (NP-SBJ (NP Lynne Hyman) , (NP (NP vice president) (PP of (NP equity research)) (PP for (NP First Boston Corp.))) ,) (VP expects (S (NP-SBJ P&G) (VP to (VP post (NP (NP net) (PP of (NP (NP (QP about $ 4.20) *U*) (NP-ADV a share)))) , (PP-MNR on (NP a post-split basis)))))) .)) (TOP (S `` (S-TPC-1 But (NP-SBJ I) (VP 'm (VP recognizing (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD a good chance (SBAR 0 (S (NP-SBJ they) (VP 'll (VP do (ADVP-MNR (ADVP (NP a bit) better) (PP than (NP that)))))))))))))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S (PP-TMP In (NP fiscal 1989)) , (NP-SBJ P&G) (VP earned (NP (NP (NP $ 3.56 *U*) (NP-ADV a share)) , (VP adjusted (NP *) (PP-CLR for (NP the stock split))))) .)) (TOP (S (NP-SBJ (NP One big factor) (VP affecting (NP the fiscal second half))) (VP will (VP be (NP-PRD (NP the new stewardship) (PP of (NP (NP Edwin L. Artzt) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP becomes (NP-PRD (NP chairman) and (NP chief executive officer)) (PP-TMP in (NP January)))))))))) .)) (TOP (S (PP-PRP Because of (NP (NP his remarkable success) (VP turning (ADVP-CLR around) (NP (NP P&G 's) international operations)))) , (NP-SBJ analysts) (VP have (NP (NP high hopes) (PP for (NP his tenure)))) .)) (TOP (S-2 `` (SBAR-ADV If (S (NP-SBJ he) (VP does (PP to (NP the domestic operations)) (SBAR-NOM (WHNP-1 what) (S (NP-SBJ he) (VP did (NP *T*-1) (ADVP-LOC internationally))))))) (PRN , '' (SINV (VP says (S *T*-2)) (NP-SBJ Mr. Zurkuhlen)) ,) `` (NP-SBJ this company) (VP will (VP earn (NP (NP (QP $ 6 or $ 7) *U*) (NP-ADV a share)) (PP-TMP in (NP a few years)))) .)) (TOP (S (NP-SBJ (NP The Voting Rights Act) (PP of (NP 1965))) (VP was (VP enacted (S-PRP (NP-SBJ *) (VP to (VP (VP keep (NP (NP the promise) (PP of (NP the Fifteenth Amendment)))) and (VP enable (S (NP-SBJ-1 Southern blacks) (VP to (VP go (PP-DIR to (NP the polls)) , (S (NP-SBJ-2 *-1) (VP unhindered (NP *-2) (PP by (NP-LGS (NP literacy tests) and (NP other exclusionary devices)))))))))))))) .)) (TOP (S (ADVP-TMP (NP Twenty-five years) later) , (NP-SBJ-1 the Voting Rights Act) (VP has (VP been (VP transformed (NP *-1) (PP by (NP-LGS (NP the courts) and (NP the Justice Department))) (PP-CLR into (NP (NP a program) (PP of (NP (NP racial gerrymandering) (VP designed (S (NP-SBJ *) (VP to (VP increase (NP (NP the number) (PP of (NP (NP (NP blacks) and (NP (NP other minorities) (PRN -- (NP (NP Hispanics) , (NP Asians) and (NP native Americans)) --))) (VP holding (NP elective office)))))))))))))))) .)) (TOP (S (PP-TMP In (NP the 1980s)) , (NP-SBJ the (NX (NX Justice Department) and (NX (NP lower federal courts) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP enforce (NP the Voting Rights Act))))))) (VP have (VP required (S (NP-SBJ (NP state legislatures) and (NP municipal governments)) (VP to (VP create (NP (NP the maximum number) (PP of (NP (NP `` safe '' minority election districts) -- (NP (NP districts) (SBAR (WHADVP-2 where) (S (NP-SBJ minorities) (VP form (NP (NP (QP between 65 % and 80 %) *U*) (PP of (NP the voting population))) (ADVP-LOC *T*-2))))))))))))) .)) (TOP (S (NP-SBJ-1 The program) (VP has (ADVP even) (VP been (VP called (PP-CLR upon (NP-3 *-1)) (S (NP-SBJ *-3) (VP to (VP create (NP `` safe '' white electoral districts) (PP-LOC in (NP (NP municipalities) (SBAR (WHADVP-2 where) (S (NP-SBJ whites) (VP are (NP-PRD the minority) (ADVP-LOC *T*-2)))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP Section 2) (PP of (NP the act))) (VP (ADVP-MNR expressly) disclaims (S (NP-SBJ *) (VP requiring (SBAR that (S (NP-SBJ minorities) (VP win (NP (NP a proportional share) (PP of (NP elective offices))))))))))) , (NP-SBJ few (UCP municipal and state) government plans) (VP (VP achieve (NP (NP preclearance) (PP by (NP the Justice Department)))) or (VP survive (NP (NP the scrutiny) (PP of (NP the lower federal courts)))) (SBAR-ADV unless (S (NP-SBJ they) (VP carve (ADVP-CLR out) (NP (NP as many (ADJP solidly minority) districts) (PP as (FRAG possible))))))) .)) (TOP (S (NP-SBJ (NP (NP The new goal) (PP of (NP the Voting Rights Act))) (PRN -- (NP (NP more minorities) (PP-LOC in (NP political office))) --)) (VP is (ADJP-PRD laudable)) .)) (TOP (S (SBAR-PRP For (S (NP-SBJ the political process) (VP to (VP work)))) , (NP-SBJ all citizens) , (ADVP regardless (PP of (NP race))) , (VP must (VP feel (ADJP-PRD represented))) .)) (TOP (S (NP-SBJ One essential indicator (SBAR that (S (NP-SBJ they) (VP are (ADJP-PRD *?*))))) (VP is (SBAR-PRD that (S (NP-SBJ (NP members) (PP of (NP minority groups))) (VP get (VP elected (PP-CLR to (NP public office)) (PP-TMP with (NP reasonable frequency))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ *) (VP is (ADVP-PRD *?*)))) , (NP-SBJ blacks) (VP constitute (NP (NP (NP 12 %) (PP of (NP the population))) , but (NP (NP (QP fewer than 2) %) (PP of (NP elected leaders))))) .)) (TOP (S But (NP-SBJ racial gerrymandering) (VP is not (NP-PRD (NP the best way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP accomplish (NP that essential goal) (ADVP-MNR *T*-1))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP a quick fix) (PP for (NP a complex problem)))) .)) (TOP (S (ADVP Far (PP from (S-NOM (NP-SBJ *) (VP promoting (NP (NP a commonality) (PP of (NP interests)) (PP-LOC among (NP (ADJP black , white , Hispanic and other) minority voters))))))) , (S-NOM-SBJ (NP-SBJ *) (VP drawing (NP the district lines) (PP-MNR according (PP to (NP race))))) (VP suggests (SBAR that (S (NP-SBJ race) (VP is (NP-PRD (NP (NP the voter 's) and (NP the candidate 's)) (ADJP most important) trait))))) .)) (TOP (S (NP-SBJ Such a policy) (VP implies (SBAR (SBAR that (S (NP-SBJ only a black politician) (VP can (VP speak (PP-CLR for (NP a black person)))))) , and (SBAR that (S (NP-SBJ only a white politician) (VP can (VP govern (PP-CLR on (NP (NP behalf) (PP of (NP a white one)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Examples) (PP of (NP (NP the divisive effects) (PP of (NP racial gerrymandering))))) (VP can (VP be (VP seen (NP *-1) (PP-LOC in (NP (NP two cities) -- (NP (NP New York) and (NP (NP Birmingham) , (NP Ala)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ they) (VP reapportion (NP their districts) (PP-TMP after (NP the 1990 census)) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP every other municipality and state) (PP-LOC in (NP the country))) (VP will (VP face (NP this issue))) .)) (TOP (NP-HLN New York City :)) (TOP (S (NP-SBJ Racial gerrymandering) (VP has (VP been (NP-PRD a familiar policy) (PP-LOC in (NP New York City)) (PP-TMP since (NP (NP 1970) , (SBAR (WHADVP-1 when) (S (NP-SBJ-2 Congress) (ADVP-TMP first) (VP amended (NP the Voting Rights Act) (S-PRP (NP-SBJ *-2) (VP to (VP expand (NP its reach) (PP-DIR beyond (NP the Southern states))))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (PP-TMP In (NP 1972)) , (NP-SBJ the Justice Department) (VP required (SBAR that (S (NP-SBJ-1 (NP the electoral map) (PP-LOC in (NP (NP the borough) (PP of (NP Brooklyn))))) (VP be (VP redrawn (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP concentrate (NP (ADJP black and Hispanic) votes)))))))) , (PP despite (NP protests (SBAR that (S (NP-SBJ the new electoral boundaries) (VP would (VP split (NP (NP a neighborhood) (PP of (NP Hasidic Jews))) (PP-CLR into (NP two different districts))))))))) .)) (TOP (S (NP-TMP This year) , (NP-SBJ-1 (NP a commission) (VP appointed (NP-2 *) (PP by (NP-LGS the mayor)) (S-CLR (NP-SBJ *-2) (VP to (VP revise (NP (NP (NP New York 's) system) (PP of (NP government)))))))) (VP completed (NP a new charter) , (S-ADV (NP-SBJ *-1) (VP expanding (NP the City Council) (PP-CLR to (NP 51)) (PP-CLR from (NP 35 members))))) .)) (TOP (S (ADVP-TMP Sometime (PP in (NP 1991))) , (ADVP-TMP (ADVP as soon) (SBAR as (S (NP-SBJ the 1990 census) (VP becomes (ADJP-PRD available))))) , (NP-SBJ a redistricting panel) (VP will (VP redraw (NP the City Council district lines))) .)) (TOP (S (NP-SBJ The Charter Revision Commission) (VP has (VP made (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD clear) (SBAR-1 that (S (PP in (NP (NP response) (PP to (NP (NP (NP the expectations) (PP of (NP the Justice Department))) and (NP (NP (NP the commission 's) own commitment) (PP to (S-NOM (NP-SBJ *) (VP enhancing (NP minority political leadership))))))))) , (NP-SBJ-2 the new district lines) (VP will (VP be (VP drawn (NP *-2) (S-PRP (NP-SBJ *) (VP to (VP maximize (NP (NP the number) (PP of (NP (ADJP solidly minority) districts)))))))))))))) .)) (TOP (S (NP-SBJ Blacks and Hispanics) (ADVP-TMP currently) (VP (VP make (PRT up) (NP (NP 38 %) (PP of (NP (NP the city 's) population)))) and (VP hold (NP (NP (QP only 25) %) (PP of (NP (NP the seats) (PP-LOC on (NP the council))))))) .)) (TOP (S (NP-SBJ (NP (NP Several) (PP of (NP (NP the city 's) black leaders))) , (PP including (NP Democratic mayoral nominee David Dinkins)) ,) (VP have (VP spoken (PRT out) (PP-CLR for (NP (NP racial gerrymandering) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP accord (NP blacks and Hispanics) `` (NP (NP the fullest opportunity) (PP for (NP representation))))))))))) . '')) (TOP (S (PP-LOC In (NP this connection)) , (NP-SBJ (NP it) (S *EXP*-3)) (VP is (ADJP-PRD important) (S-3 (NP-SBJ *) (VP to (VP note (SBAR that (S (NP-SBJ (NP several members) (PP of (NP (NP New York 's) sitting City Council))) (VP represent (NP (NP (NP heterogeneous districts) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP bring (ADVP-CLR together) (NP sizable (ADJP black , Hispanic , and non-Hispanic white) populations))))) -- (NP (NP (NP (NP (NP Carolyn Maloney 's) 8th district) (PP-LOC in (NP (NP northern Manhattan) and (NP the south Bronx)))) and (NP (NP (NP Susan Alter 's) 25th district) (PP-LOC in (NP Brooklyn)))) , (PP for (NP example))))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-2) (VP To (VP win (NP (NP their seats) (PP-LOC on (NP the council)))))) , (NP-SBJ-2 these political leaders) (VP have (VP had (S (NP-SBJ *-2) (VP to (VP (VP listen (PP-CLR to (NP (NP all the voices) (PP-LOC in (NP their district))))) and (VP devise (NP (NP public policies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP benefit (NP all)))))))))))) .)) (TOP (S (ADVP-TMP Often) (NP-SBJ they) (VP have (VP found (SBAR that (S (NP-SBJ the relevant issue) (VP is not (NP-PRD (NP race) , but (ADVP rather) (NP (NP housing) , (NP crime prevention) or (NP education)))))))) .)) (TOP (NP-HLN (NP Birmingham) , (NP Ala.) :)) (TOP (S (NP-SBJ (NP The unusual situation) (PP-LOC in (NP Birmingham))) (VP (ADVP-MNR vividly) illustrates (NP (NP the divisive consequences) (PP of (S-NOM (NP-SBJ *) (VP carving (ADVP-CLR out) (NP safe districts) (PP for (NP racial minorities))))))) .)) (TOP (S (PP-LOC In (NP (NP Birmingham) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (ADJP 57 %) black)))) ,)) (NP-SBJ whites) (VP are (NP-PRD the minority)) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Insisting (SBAR that (S (NP-SBJ-1 they) (VP are (VP protected (NP *-1) (PP by (NP the Voting Rights Act)))))))) , (NP-SBJ-2 (NP a group) (PP of (NP whites))) (VP brought (NP a federal suit) (PP-TMP in (NP 1987)) (S-PRP (NP-SBJ *-2) (VP to (VP demand (SBAR that (S (NP-SBJ the city) (VP (VP abandon (NP (NP at-large voting) (PP for (NP the nine member City Council)))) and (VP create (NP (NP nine electoral districts) , (PP including (NP four safe white districts))))))))))) .)) (TOP (S (NP-SBJ The white group) (VP argued (SBAR that (S (NP-SBJ-2 whites) (VP were not (VP (ADVP-MNR fully and fairly) represented (NP *-2) , (SBAR-PRP because (S (PP-LOC in (NP city-wide elections)) (NP-SBJ only (NP black candidates) or (NP (NP white candidates) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP catered (PP-CLR to `` (NP black interests) '')))))) (VP could (VP win))))))))) .)) (TOP (S (S (NP-SBJ No federal court) (VP has (VP ruled (SBAR that (S (NP-SBJ the Voting Rights Act) (VP protects (NP a white minority))))))) , but (S (PP-TMP in (NP June)) (NP-SBJ the Justice Department) (VP approved (NP (NP a districting plan) (PP for (NP Birmingham)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP carves (PRT out) (NP (NP three white-majority districts) and (NP six black-majority districts)))))))) .)) (TOP (S (NP-SBJ (NP Richard Arrington) , (NP (NP Birmingham 's) black mayor) ,) (VP lamented (NP the consequences)) .)) (TOP (S `` (S-TPC-5 (PP-TMP In (NP the past)) , (NP-SBJ-3 (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP had (S (NP-SBJ *-2) (VP to (VP run (PP-CLR for (NP office))))))))) (VP had (S (NP-SBJ *-3) (VP to (VP moderate (NP their views) (SBAR-PRP because (S (NP-SBJ-4 they) (VP could n't (VP afford (S (NP-SBJ *-4) (VP to (VP offend (NP blacks or whites))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-5)) .)) (TOP (S `` (ADVP-TMP Now) (S (NP-SBJ you) (VP go (PP-DIR to (NP districts)))) , (S (NP-SBJ-2 you) (VP 're (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP get (NP (NP candidates) (SBAR (WHNP-1 whose views) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD more extreme) (PRN , (NP white and black) ,) (PP on (NP racial issues)))))))))))) . '')) (TOP (S (ADVP-TMP (NP (QP Two hundred) years) ago) , (NP-SBJ (NP critics) (PP of (NP the new United States Constitution))) (VP warned (SBAR that (S (NP-SBJ (NP the electoral districts) (PP for (NP Congress))) (VP (VP were (ADJP-PRD too large)) and (VP encompassed (NP (ADJP too many) different economic interests)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP A small farmer) and (NP a seaport merchant)) (VP could not (VP be (VP represented (NP *-1) (PP by (NP-LGS the same spokesman)))))) , (NP-SBJ they) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S But (NP-SBJ James Madison) (VP refuted (NP that argument) (PP-LOC in (NP (NP (NP one) (PP of (NP the (ADJP most celebrated) political treatises)) (VP (ADVP-TMP ever) written (NP *))) , (NP (NP No. 10) (PP of (NP the Federalist Papers)))))) .)) (TOP (S (NP-SBJ Madison) (VP explained (SBAR that (S (NP-SBJ (NP a representative 's) duty) (VP was (S-PRD (NP-SBJ *) (VP to (VP speak (PP-CLR not (PP for (NP (NP the narrow interests) (PP of (NP one group)))) but (ADVP instead) (PP for (NP the common good)))))))))) .)) (TOP (S-1 (NP-SBJ Large , heterogeneous election districts) (VP would (VP encourage (NP good government) (PRN , (SINV (VP said (SBAR 0 (S *T*-1))) (NP-SBJ Madison)) ,) (SBAR-PRP because (S (NP-SBJ-2 a representative) (VP would (VP be (VP compelled (S (NP-SBJ *-2) (VP to (VP (VP serve (NP (NP the interests) (PP of (NP all his constituents)))) and (VP be (ADJP-PRD servile (PP to (NP none)))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Madison 's) (ADJP noble and unifying) vision) (PP of (NP the representative))) (ADVP-TMP still) (VP can (VP guide (NP us))) .)) (TOP (S (ADVP-TMP (ADVP As long) (SBAR as (S (NP-SBJ we) (VP believe (SBAR that (S (NP-SBJ (NP all Americans) , (PP of (NP every (NX (NX race) and (NX ethnic background)))) ,) (VP (VP have (NP common interests)) and (VP can (VP live (ADVP-CLR-MNR together) (ADVP-MNR cooperatively)))))))))) , (NP-SBJ our political map) (VP should (VP reflect (NP our belief))) .)) (TOP (S (NP-SBJ (NP Racial gerrymandering) (PRN -- (S-NOM (NP-SBJ *) (VP creating (NP separate black and white districts))) --)) (VP says (SBAR that (S (NP-SBJ we) (VP have (VP discarded (NP (NP that belief) (PP in (NP our ability (S (NP-SBJ *) (VP to (VP (VP live (ADVP-MNR together)) and (VP govern (NP ourselves) (PP-CLR as (NP one people)))))))))))))) .)) (TOP (S (NP-SBJ Ms. McCaughey) (VP is (NP-PRD (NP a constitutional scholar) (PP-LOC at (NP (NP the Center) (PP for (NP (NP the Study) (PP of (NP the Presidency)))) (PP-LOC in (NP New York)))))) .)) (TOP (S (NP-SBJ The Justice Department) (VP has (VP distributed (NP (NP these new guidelines) (PP for (NP (NP U.S. Attorneys) (VP prosecuting (NP RICO cases))))))) .)) (TOP (S (NP-SBJ A related editorial) (VP appears (NP-TMP today)) .)) (TOP (S (PP-LOC Under (PRN -LCB- (NP RICO) -RCB-)) , (NP-SBJ-2 the government) (VP may (VP seek (NP (NP a temporary restraining order) (PRN -LRB- (NP TRO) -RRB-) (PP-LOC upon (NP (NP the filing) (PP of (NP a RICO indictment))))) , (SBAR-PRP (PP in (NP order)) (S (NP-SBJ *-2) (VP to (VP preserve (NP all forfeitable assets) (SBAR-TMP until (S (S (NP-SBJ-1 the trial) (VP is (VP completed (NP *-1)))) and (S (NP-SBJ-3 judgment) (VP entered (NP *-3))))))))))) .)) (TOP (S (NP-SBJ Such orders) (VP can (VP have (NP (NP a wide-ranging impact) (PP on (NP (NP third parties) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP do (NP business) (PP-CLR with (NP the defendants))))) , (PP including (NP clients , vendors , banks , investors , creditors , dependents , and others))))))) .)) (TOP (S (NP-SBJ (NP Some (ADJP highly publicized) cases) (VP involving (NP RICO TROs))) (VP have (VP been (NP-PRD (NP the subject) (PP of (NP (NP considerable criticism) (PP-LOC in (NP the press))))) , (PP-PRP because of (NP a perception (SBAR that (S (NP-SBJ (NP pre-trial freezing) (PP of (NP assets))) (VP is (ADJP-PRD tantamount (PP to (NP (NP a seizure) (PP of (NP property)) (PP without (NP due process)))))))))))) .)) (TOP (S (SBAR-PRP (PP In (NP order)) (S (NP-SBJ *-2) (VP to (VP ensure (SBAR that (S (NP-SBJ-1 (NP the rights) (PP of (NP all interested parties))) (VP are (VP protected (NP *-1))))))))) , (NP-SBJ-2 the Criminal Division) (VP has (VP instituted (NP the following requirements) (S-PRP (NP-SBJ *-2) (VP to (VP control (NP (NP the use) (PP of (NP TROs)) (PP-LOC in (NP RICO prosecutions)))))))) .)) (TOP (S -LRB- (NP-SBJ-1 (NP It) (SBAR *EXP*-2)) (VP should (VP be (VP noted (NP *-1) (SBAR-2 that (S (NP-SBJ these requirements) (VP are (PP-PRD in (NP (NP addition) (PP to (NP (NP any other existing requirements) , (PP such as (NP (NP review) (PP by (NP the Asset Forfeiture Office)))))))))))))) . -RRB- :)) (TOP (S (LST 1 .) (PP As (NP (NP part) (PP of (NP (NP the approval process) (PP for (NP RICO prosecutions)))))) , (NP-SBJ the prosecutor) (VP must (VP submit (NP any proposed forfeiture TRO) (PP for (NP (NP review) (PP by (NP the Organized Crime and Racketeering Section)))))) .)) (TOP (S (NP-SBJ The prosecutor) (VP must (VP show (SBAR that (S (NP-SBJ-1 (NP less-intrusive remedies) (PRN -LRB- (PP such as (NP bonds)) -RRB-)) (VP are not (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP preserve (NP the assets) (PP for (NP forfeiture)) (PP in (NP (NP the event) (PP of (NP a conviction))))))))))))) .)) (TOP (S (LST 2 .) (PP In (S-NOM (NP-SBJ *-2) (VP seeking (NP (NP approval) (PP of (NP a TRO)))))) , (NP-SBJ-2 the prosecutor) (VP must (VP articulate (NP (NP (NP any anticipated impact) (SBAR (WHNP-1 that) (S (NP-SBJ (NP forfeiture) and (NP the TRO)) (VP would (VP have (NP *T*-1) (PP-CLR on (NP innocent third parties))))))) , (VP balanced (NP *) (PP-CLR against (NP (NP the government 's) need (S (NP-SBJ *) (VP to (VP preserve (NP the assets)))))))))) .)) (TOP (S (LST 3 .) (S (PP In (S-NOM (NP-SBJ *) (VP deciding (SBAR whether (S (NP-SBJ (NP forfeiture) (PRN -LRB- and , (ADVP hence) , (NP a TRO) -RRB-)) (VP is (ADJP-PRD appropriate))))))) , (NP-SBJ the Section) (VP will (VP consider (NP (NP the nature and severity) (PP of (NP the offense)))))) ; (S (NP-SBJ (NP the government 's) policy) (VP is not (S-PRD (NP-SBJ *) (VP to (VP seek (NP (NP the fullest forfeiture) (ADJP permissible (PP-LOC under (NP the law)))) (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ that forfeiture) (VP would (VP be (ADJP-PRD disproportionate (PP to (NP (NP the defendant 's) crime))) (ADVP-LOC *T*-1)))))))))) .)) (TOP (S (LST 4 .) (SBAR-TMP (WHADVP-5 When) (S (NP-SBJ-1 a RICO TRO) (VP is (VP being (VP sought (NP *-1) (ADVP-TMP *T*-5)))))) , (NP-SBJ-2 the prosecutor) (VP is (VP required , (PP-TMP at (NP the earliest appropriate time)) , (S (NP-SBJ *-2) (VP to (VP state (ADVP-MNR publicly) (SBAR that (S (S (NP-SBJ-3 (NP (NP the government 's) request) (PP for (NP (NP a TRO) , and (NP eventual forfeiture) ,))) (VP is (VP made (NP *-3) (PP in (NP (NP full recognition) (PP of (NP (NP the rights) (PP of (NP third parties))))))))) -- (S (PRN (S (NP-SBJ that) (VP is (NP-PRD *?*))) ,) (PP in (S-NOM (NP-SBJ *) (VP requesting (NP the TRO)))) , (NP-SBJ-6 the government) (VP (VP will not (VP seek (S (NP-SBJ *-6) (VP to (VP disrupt (NP (NP the normal , legitimate business activities) (PP of (NP the defendant)))))))) ; (VP will not (VP seek (PP through (NP (NP use) (PP of (NP the relation-back doctrine)))) (S (NP-SBJ *-6) (VP to (VP take (PP-CLR from (NP third parties)) (NP (NP assets) (VP (ADVP-MNR legitimately) transferred (NP *) (PP-CLR to (NP them))))))))) ; (VP will not (VP seek (S (NP-SBJ *-6) (VP to (VP vitiate (NP (NP legitimate business transactions) (VP occurring (PP-LOC between (NP (NP the defendant) and (NP third parties)))))))))) ; and (VP will , (PP-LOC in (NP all other respects)) , (VP assist (NP the court) (PP in (S-NOM (NP-SBJ *) (VP ensuring (SBAR that (S (NP-SBJ-4 (NP the rights) (PP of (NP third parties))) (VP are (VP protected (NP *-4) , (PP through (UCP (S-NOM (NP-SBJ *) (VP proceeding (PP-LOC under (PRN -LCB- (NP RICO) -RCB-)))) and (ADVP otherwise))))))))))))))))))))) .)) (TOP (S (NP-SBJ The Division) (VP expects (SBAR that (S (NP-SBJ the prosecutor) (VP will (VP announce (NP these principles) (PP-TMP either (PP at (NP (NP the time) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 the indictment) (VP is (VP returned (NP *-1) (ADVP-TMP *T*-2))))))) or (PRN , (PP at (NP the latest)) ,) (PP at (NP (NP (NP the first proceeding) (PP-LOC before (NP the court))) (VP concerning (NP the TRO)))))))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP (ADJP North American-built) cars and trucks))) (VP plunged (NP-EXT 20.5 %) (PP-TMP in (NP mid-October)) (PP-DIR from (ADVP (NP a year) earlier)) , (SBAR-TMP as (S (NP-SBJ domestic manufacturers) (VP paid (NP (NP the price) (PP for (NP (NP heavy incentives) (NP-TMP earlier this year)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ People) (VP are (VP waiting (PP-CLR for (NP (PRN -LCB- new -RCB-) factory giveaways))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Ben Kaye) , (NP (NP sales manager) (PP of (NP (NP Bob Brest Auto World) (PP-LOC in (NP (NP Lynn) , (NP Mass.) ,)) (SBAR (WHNP-1 whose sales) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD slow)))))))) .)) (TOP (S (NP-SBJ-2 This trend) (VP appears (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD especially true) (PP-LOC at (NP (NP General Motors Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP used (NP both dealer and consumer incentives) (S-CLR (NP-SBJ *-3) (VP to (VP ignite (NP sales) (PP-TMP in (NP August and September)))))))))))))) .)) (TOP (S (PP-TMP Since (NP then)) , (NP-SBJ deliveries) (VP have (VP slumped)) .)) (TOP (S (NP-SBJ (NP GM 's) car sales) (VP dropped (NP-EXT 24.8 %) (PP-TMP in (NP mid-October)) (PP-DIR to (NP 69,980)) , (SBAR-ADV while (S (NP-SBJ truck sales) (VP fell (NP-EXT 26 %) (PP-DIR to (NP 37,860)))))) .)) (TOP (S (NP-SBJ GM) (ADVP also) (VP had (NP dismal results) (PP-TMP in (NP (NP the first 10 days) (PP of (NP the month)))) , (SBAR-ADV while (S (NP-SBJ other auto makers) (VP reported (NP mixed results))))) .)) (TOP (S (NP-SBJ (NP All) (PP of (NP the Big Three))) (VP suffered (PP-TMP in (NP the just-ended period)) , (ADVP however) , (PP with (S-NOM (NP-SBJ (NP sales) (PP of (NP (NP all (ADJP domestically made) cars) , (PP including (NP (NP those) (VP built (NP *) (PP-LOC at (NP Japanese-managed plants))))) ,))) (VP falling (NP-EXT 19 %) (PP-DIR to (NP 158,863)) (PP-DIR from (ADVP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ The seasonal adjusted annual selling rate) (VP was (NP-PRD (NP (QP six million) vehicles) , (NP (NP (NP a small improvement) (PP from (NP (NP the (QP 5.8 million) rate) (PP of (NP early October))))) , but (NP (NP a big drop) (PP from (NP (NP the (QP 7.1 million) rate) (ADVP-TMP (NP a year) ago))))))) .)) (TOP (S (NP-SBJ-1 (NP Sales) (PP of (NP (ADJP domestically made) trucks))) (ADVP also) (VP continued (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD sluggish) (PP-TMP in (NP mid-October)) , (S-ADV (NP-SBJ *-1) (VP dropping (NP-EXT 22.8 %) (PP-DIR to (NP 94,543)) (PP-DIR from (ADVP (NP a year) ago)))))))) .)) (TOP (S (S (NP-SBJ The Big Three auto makers) (ADVP-TMP already) (VP have (VP slashed (NP fourth-quarter production plans) (PP (NP 10.4 %) below (NP year-ago levels))))) , but (S (NP-SBJ that) (VP may not (VP be (NP-PRD enough (S (NP-SBJ *) (VP to (VP prevent (NP inventories) (PP-CLR from (NP ballooning)) (SBAR-ADV if (S (NP-SBJ sales) (VP do n't (VP improve))))))))))) .)) (TOP (S (NP-SBJ (NP Industry analyst John H. Qualls) , (NP (NP a vice president) (PP with (NP (NP Hill & Knowlton) (PP-LOC in (NP St. Louis))))) ,) (VP forecasts (SBAR that (S (NP-SBJ domestic auto makers) (VP will (VP have (NP (NP a 93-day supply) (PP of (NP cars))) (PP-TMP at (NP (NP the end) (PP of (NP the year)))) , (SBAR-ADV (ADVP even) if (S (NP-SBJ car sales) (VP improve (PP-DIR to (NP (NP a (ADJP (QP 6.5 million) vehicle) rate) (PP for (NP the quarter)))))))))))) .)) (TOP (S (NP-SBJ Ford Motor Co.) (VP reported (NP (NP (NP a (ADJP 21.2 %) drop) (PP-LOC in (NP (NP sales) (PP of (NP domestic-made cars)))) (PP to (NP 46,995))) and (NP (NP a (ADJP 24.2 %) drop) (PP-LOC in (NP domestic trucks)) (PP to (NP 31,143))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 The sales) (VP are (VP being (VP dragged (NP *-1) (ADVP-CLR down) (PP by (NP-LGS (NP a glut) (PP of (NP 1989 vehicles)))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Joel Pitcoff) , (NP a Ford analyst)) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The earlier use) (PP of (NP incentives))) (VP depleted (NP the market) (PP-CLR of (NP (NP `` scavengers '') (PP for (NP bargain-basement 1989 cars)))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP Town & Country Ford) (PP-LOC in (NP (NP Charlotte) , (NP N.C.) ,))) (ADVP-TMP still) (VP needs (S (NP-SBJ *-1) (VP to (VP move (NP (QP about 850) 1989 cars and trucks))))) .)) (TOP (S (NP-SBJ Business) (VP (VP had (VP been (ADJP-PRD fairly strong) (SBAR-TMP until (S (NP-SBJ Hurricane Hugo) (VP hit (NP the area)))))) , but (VP has (VP been (ADVP-PRD down) (ADVP-TMP since)))) .)) (TOP (S (NP-SBJ Chrysler Corp.) (ADVP also) (VP hit (NP the rocks) (PP-TMP in (NP mid-October))) .)) (TOP (S (NP-SBJ The No. 3 U.S. auto maker) (VP had (NP (NP (NP a (ADJP 23.7 %) plunge) (PP-LOC in (NP car sales)) (PP to (NP 22,336))) and (NP (NP a (ADJP 17.5 %) drop) (PP-LOC in (NP (NP truck sales) (SBAR *ICH*-2))) (PP to (NP 22,925)) , (SBAR-2 (WHNP-1 which) (S (NP-SBJ *T*-1) (VP include (NP its minivans and Jeeps))))))) .)) (TOP (S (NP-SBJ (NP Honda Motor Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP continues (S (NP-SBJ *-2) (VP to (VP have (NP (NP short supplies) (PP of (NP (ADJP domestically made) Accords))))))))) ,) (VP saw (S (NP-SBJ (NP its sales) (PP of (NP (ADJP North American-built) cars))) (VP fall (NP-EXT 14.1 %) (PP-DIR to (NP 8,355))))) .)) (TOP (S But (NP-SBJ (NP sales) (PP of (NP domestic cars and trucks)) (PP-LOC at (NP Nissan Motor Corp.))) (VP rose (NP-EXT 26.1 %) (PP-DIR to (NP 5,651))) .)) (TOP (S (NP-SBJ A Nissan spokesman) (VP attributed (NP the increase) (PP-CLR (PP to (NP (NP the use) (PP of (NP incentives)) (UCP-TMP (NP this year) and not (ADVP (NP a year) ago)))) and (PP to (NP higher fleet sales)))) .)) (TOP (S (NP-SBJ (NP Toyota Motor Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP opened (NP a plant) (PP-LOC in (NP (NP Georgetown) , (NP Ky.) ,)) (NP-TMP last year)))) ,) (VP saw (S (NP-SBJ sales) (VP triple (PP-DIR to (NP 6,256 vehicles))))) .)) (TOP (S (NP-SBJ (NP a) - (NP Totals)) (VP include (ADVP only) (NP (NP vehicle sales) (VP reported (NP *) (PP-TMP in (NP the period))))) .)) (TOP (NP (NP c) - (NP Domestic car))) (TOP (NP (NP (NP d) - (NP Percent change)) (ADJP (ADJP greater) (PP than (NP 999 %))) .)) (TOP (S (NP-SBJ (NP x) - (NP There)) (VP (VP were (NP-PRD-1 9 selling days) (PP-TMP-2 in (NP the (ADJP most recent) period))) and (VP (NP=1 9) (ADVP-TMP=2 (NP a year) earlier))) .)) (TOP (NP (NP Percentage differences) (PP based (PP on (NP (NP daily sales rate) (CONJP rather than) (NP sales volume)))) .)) (TOP (S (NP-SBJ (NP Short interest) (PP in (NP Nasdaq over-the-counter stocks))) (VP rose (NP-EXT 6 %) (PP-TMP as (PP of (NP mid-October))) , (NP-ADV (NP its biggest jump) (PP-TMP since (NP (NP 6.3 %) (NP-TMP last April))))) .)) (TOP (S (NP-SBJ-1 The (ADJP most recent) OTC short interest statistics) (VP were (VP compiled (NP *-1) (NP-TMP (NP Oct. 13) , (NP (NP the day) (SBAR (WHADVP-2 0) (S (S (NP-SBJ the Nasdaq composite index) (VP slid (NP-EXT 3 %))) and (S (NP-SBJ the New York Stock Exchange) (VP tumbled (NP-EXT 7 %))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ The coincidence) (VP might (VP lead (PP-DIR to (NP the conclusion (SBAR that (S (NP-SBJ short-sellers) (VP bet (ADVP-MNR heavily) (PP-TMP on (NP that day)) (SBAR that (S (NP-SBJ OTC stocks) (VP would (VP decline (ADVP further)))))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ it) (VP happens))) , (NP-SBJ-1 the Nasdaq composite) (VP did (VP continue (S (NP-SBJ *-1) (VP to (VP fall))) (PP-TMP for (NP two days)) (PP-TMP after (NP the initial plunge)))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP the short interest figures) (VP reported (NP *) (PP by (NP-LGS brokerage and securities clearing firms)) (PP-CLR to (NP (NP the National Association) (PP of (NP Securities Dealers)))))) (VP include (ADVP only) (NP (NP (NP those trades) (VP completed , or settled , (NP *) (PP-TMP by (NP Oct. 13))) ,) (CONJP rather than) (NP (NP trades) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP occurred (PP-TMP on (NP that day))))))) , (PP according (PP to (NP (NP Gene Finn) , (NP (NP chief economist) (PP for (NP the NASD))))))) .)) (TOP (S (ADVP Generally) , (NP-SBJ (NP it) (S *EXP*-1)) (VP takes (NP five business days) (S-1 (NP-SBJ *) (VP (VP to (VP transfer (NP stock))) and (VP to (VP take (NP (NP the other steps) (ADJP necessary (S (NP-SBJ *) (VP to (VP settle (NP a trade))))))))))) .)) (TOP (S (NP-SBJ (NP The total short interest) (PP in (NP Nasdaq stocks)) (PP-TMP as (PP of (NP mid-October)))) (VP was (NP-PRD (NP (QP 237.1 million) shares) , (UCP (ADVP up (PP from (NP 223.7 million) (PP-TMP in (NP September)))) but (PP (ADVP well) below (NP (NP the record level) (PP of (NP (QP 279 million) shares)) (VP established (NP *) (PP-TMP in (NP July 1987)))))))) .)) (TOP (S (NP-SBJ (NP The sharp rise) (PP-LOC in (NP OTC short interest))) (VP compares (PP-CLR with (NP (NP (NP the (ADJP 4.2 %) decline) (PP-LOC in (NP short interest)) (PP-LOC on (NP the New York Stock Exchange))) and (NP (NP the (ADJP 3 %) rise) (PP-LOC on (NP the American Stock Exchange)) (PP-TMP during (NP the September-October period)))))) .)) (TOP (S (S (ADVP Generally) , (NP-SBJ-5 a short seller) (VP (VP expects (NP (NP a fall) (PP-LOC in (NP (NP a stock 's) price)))) and (VP aims (S (NP-SBJ-6 *-5) (VP to (VP profit (PP-MNR by (S-NOM (NP-SBJ *-6) (VP selling (NP (NP borrowed shares) (SBAR (WHNP-3 that) (S (NP-SBJ-7 *T*-3) (VP are (S (NP-SBJ-1 *-7) (VP to (VP be (VP replaced (NP *-1) (ADVP-TMP later)))))))))))))))))) ; (S (NP-SBJ the short seller) (VP hopes (SBAR 0 (S (NP-SBJ (NP the replacement shares) (VP bought (NP *) (ADVP-TMP later))) (VP will (VP cost (NP (NP less) (PP than (NP (NP those) (SBAR (WHNP-4 that) (S (NP-SBJ-2 *T*-4) (VP were (VP sold (NP *-2)))))))))))))) .)) (TOP (S (NP-SBJ (NP Short interest) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP represents (NP (NP the number) (PP of (NP (NP shares) (VP borrowed and sold , but (ADVP-TMP not yet) replaced (NP *) ,)))))))) (VP can (VP be (NP-PRD (NP a bad-expectations barometer) (PP for (NP many stocks))))) .)) (TOP (S (PP-LOC Among (NP (NP 2,412) (PP of (NP the largest OTC issues)))) , (NP-SBJ short interest) (VP rose (PP-DIR to (NP (QP 196.8 million) shares)) , (PP-DIR from (NP 185.7 million)) (PP-LOC in (NP 2,379 stocks)) (PP-TMP in (NP September))) .)) (TOP (S (NP-SBJ (NP Big stocks) (PP with (NP large short interest gains)) (PP-TMP as (PP of (NP Oct. 13)))) (VP included (NP (NP First Executive) , (NP Intel) , (NP Campeau) and (NP LIN Broadcasting))) .)) (TOP (S (NP-SBJ (NP Short interest) (PP in (NP (NP First Executive) , (NP an insurance issue) ,))) (VP rose (NP-EXT 55 %) (PP-DIR to (NP 3.8 million))) .)) (TOP (S (NP-SBJ (NP Intel 's) short interest) (VP jumped (NP-EXT 42 %) , (SBAR-ADV while (S (NP-SBJ Campeau 's) (VP increased (NP-EXT 62 %))))) .)) (TOP (S (S (NP-SBJ Intel) (VP makes (NP semiconductors))) and (S (NP-SBJ Campeau) (VP (VP operates (NP department-store chains)) and (VP is (ADJP-PRD strained (PP for (NP cash)))))) .)) (TOP (S (NP-SBJ Meritor Savings) (ADVP-TMP again) (VP had (NP (NP the dubious honor) (PP of (S-NOM (NP-SBJ *) (VP being (NP-PRD (NP the OTC stock) (PP with (NP (NP the biggest short interest position) (PP-LOC on (NP Nasdaq)))))))))) .)) (TOP (S (NP-SBJ Meritor) (VP has (VP headed (NP the list) (PP-TMP since (NP May)))) .)) (TOP (S (NP-SBJ (NP First Executive) and (NP (NP troubled Valley National Corp.) (PP of (NP Arizona)))) (VP were (ADJP-PRD next (PP-LOC in (NP line)))) .)) (TOP (S (NP-SBJ Short selling) (VP is n't (ADVP necessarily) (ADJP-PRD bad) (PP for (NP the overall market))) .)) (TOP (S (NP-SBJ-1 Shorted shares) (VP must (ADVP-TMP eventually) (VP be (VP replaced (NP *-1) (PP through (NP buying))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 (NP changes) (PP-LOC in (NP short interest)) (PP-LOC in (NP some stocks))) (VP may (VP be (VP caused (NP *-1) (PP by (NP-LGS arbitrage))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ-1 an investor) (VP may (VP seek (S (NP-SBJ-2 *-1) (VP to (VP profit (PP-TMP during (NP some takeover situations)) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP (VP buying (NP (NP stock) (PP in (NP (NP one company) (ADJP involved))))) and (VP shorting (NP (NP the stock) (PP of (NP the other)))))))))))) .)) (TOP (S (NP-SBJ (NP Two big stocks) (ADJP involved (PP in (NP takeover activity)))) (VP saw (S (NP-SBJ their short interest) (VP surge))) .)) (TOP (S (NP-SBJ (NP Short interest) (PP in (NP (NP the American depositary receipts) (PP of (NP (NP Jaguar) , (NP (NP the target) (PP of (NP both (NP Ford Motor) and (NP General Motors)))) ,))))) (VP (ADVP more than) doubled) .)) (TOP (S (NP-SBJ (NP Nasdaq stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP showed (NP (NP a drop) (PP-LOC in (NP short interest))))))) (VP included (NP (NP Adobe Systems) , (NP (NP Class A shares) (PP of (NP Tele-Communications))) and (NP (NP takeover targets) (NP Lyphomed and Jerrico)))) .)) (TOP (S (NP-SBJ (NP The NASD) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP operates (NP (NP the Nasdaq computer system) (SBAR (WHPP-4 on (WHNP which)) (S (NP-SBJ 5,200 OTC issues) (VP trade (PP-LOC *T*-4)))))))) ,) (VP compiles (NP (NP short interest data) (PP-LOC in (NP (NP two categories) : (NP (NP (NP the (ADJP (ADJP approximately two-thirds) , and (ADJP generally biggest) ,) Nasdaq stocks) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP trade (PP-LOC on (NP the National Market System)))))) ; and (NP (NP the (ADJP (ADJP one-third) , and (ADJP generally smaller)) , Nasdaq stocks) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP are n't (NP-PRD (NP a part) (PP of (NP the system)))))))))))) .)) (TOP (S (NP-SBJ (NP Short interest) (PP in (NP 1,327 non-NMS securities))) (VP totaled (NP (QP 40.3 million) shares) , (PP compared (PP with (NP (NP (QP almost 38 million) shares) (PP-LOC in (NP 1,310 issues)) (PP-TMP in (NP September)))))) .)) (TOP (S (NP-SBJ The October short interest) (VP represents (NP (NP 1.04 days) (PP of (NP (NP average daily trading volume) (PP-LOC in (NP (NP the smaller stocks) (PP-LOC in (NP the system)))) (PP for (NP the reporting period)))) , (PP compared (PP with (NP (NP 0.94 day) (ADVP-TMP (NP a month) ago)))))) .)) (TOP (S (PP-LOC Among (NP bigger OTC stocks)) , (NP-SBJ the figures) (VP represent (NP (NP (NP 2.05 days) (PP of (NP average daily volume))) , (PP compared (PP with (NP (NP 2.14 days) (PP-TMP in (NP September))))))) .)) (TOP (S (NP-SBJ The adjacent tables) (VP show (NP (NP the issues) (SBAR (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ (NP a short interest position) (PP of (NP (QP at least 50,000) shares))) (VP existed (PP-TMP as (PP of (NP Oct. 13))) (PP-LOC *T*-1)))) or (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ there) (VP was (NP-PRD (NP a short position change) (PP of (NP (QP at least 25,000) shares)) (PP-TMP since (NP Sept. 15))) (PP-LOC *T*-2)))))) (PRN -LRB- (S (NP-SBJ *) (VP see (NP (NP accompanying tables) -- (NP-LOC WSJ Oct. 25 , 1989)))) -RRB-)) .)) (TOP (PP-HLN From (NP (NP the Sept. 30-Oct . 4 issue) (PP of (NP The Economist))) :)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP defeated (NP General Aoun)))) (VP was not (ADVP only) (NP-PRD (NP the weight) (PP of (NP the Syrian army)))) .)) (TOP (S (S (NP-SBJ (NP The weight) (PP of (NP (NP Lebanon 's) history))) (VP was (ADVP also) (PP-PRD against (NP him)))) ; and (S (NP-SBJ it) (VP is (NP-PRD (NP a history) (SBAR (WHNP-1 0) (S (NP-SBJ Israel) (VP is (PP-PRD in (NP (NP danger) (PP of (S-NOM (NP-SBJ *) (VP repeating (NP *T*-1)))))))))))) .)) (TOP (S (PP Like (NP Lebanon)) , and (ADVP however unfairly) , (NP-SBJ-1 Israel) (VP is (VP regarded (NP *-1) (PP by (NP-LGS the Arab world)) (PP-CLR as (NP a colonial aberration)))) .)) (TOP (S (NP-SBJ (NP Its best hope) (PP of (NP (NP acceptance) (PP by (NP its neighbours))))) (VP lies (PP-LOC-CLR in (S-NOM (NP-SBJ *) (VP reaching (NP (NP a settlement) (PP with (NP the Palestinians))))))) .)) (TOP (S (PP Like (NP Lebanon)) , (NP-SBJ-1 Israel) (VP is (VP being (VP remade (NP *-1) (PP by (NP-LGS demography))))) .)) (TOP (S (PP-LOC In (NP Greater Israel)) (NP-SBJ (NP (QP more than half) the children) (PP under (NP six))) (VP are (NP-PRD Muslims)) .)) (TOP (S (PP-TMP Within (NP 25 years)) (NP-SBJ Jews) (VP will (ADVP probably) (VP be (NP-PRD the minority))) .)) (TOP (S-1 (ADVP Yet) (NP-SBJ Israel) (VP will (VP neither (VP share (NP power) (PP-CLR with (NP all these Arabs))) nor (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ its present prime minister)) ,) (VP redraw (NP its borders) (ADVP-LOC closer (PP to (NP its pre-1967 Jewish heartland)))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) not (VP choosing (NP (NP one) (PP of (NP these options)))))) , (NP-SBJ-1 Israelis) (VP will (VP condemn (NP themselves) (PRN , (SBAR-ADV as (S (NP-SBJ the Maronites) (VP did (VP *?*)))) ,) (PP-CLR (PP to (NP (NP perpetual war) (PP with (NP (NP the Muslims) (PP-LOC in (NP their midst)))))) , and so (PP to (NP (NP the internal erosion) (PP of (NP their state))))))) .)) (TOP (S (S (PP Unlike (NP the Maronites)) , (NP-SBJ (NP Israel 's) Jews) (VP will not (VP let (S (NP-SBJ themselves) (VP become (NP-PRD (NP the weakest force) (PP-LOC in (NP (NP a system) (PP of (NP private armies)))))))))) ; (S (NP-SBJ Jerusalem) (VP will (VP become (NP-PRD Belfast) (SBAR-TMP before (S (NP-SBJ it) (VP becomes (NP-PRD Beirut))))))) .)) (TOP (S But (NP-SBJ that) (VP is not (NP-PRD (NP much) (PP of (NP (NP a consolation) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP draw (NP *T*-1) (PP-CLR from (NP (NP the failure) (PP of (NP General Aoun)))))))))))) .)) (TOP (S (NP-SBJ-1 The Nasdaq over-the-counter market) (VP (VP did n't (VP (ADVP-MNR fully) recover (PP-CLR from (NP a selling stampede)))) , and (VP closed (ADVP-CLR down (NP 1.2 %)))) .)) (TOP (S (NP-SBJ (NP The effects) (PP on (NP the market)) (PP of (NP (NP the (ADJP mostly computer-driven) sell-off) (PP-LOC among (NP exchange-listed stocks))))) (VP irked (NP (NP many market makers) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP watched (S (NP-SBJ the Nasdaq Composite Index) (VP tumble (PP in (NP (NP sympathy) (PP with (NP the Dow Jones Industrial Average))))))) , and (VP (ADVP-TMP then) saw (S (NP-SBJ-2 it) (VP get (VP left (NP *-2) (PRT behind) (PP-LOC in (NP the subsequent rally))))))))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *) (VP plummeting (NP-EXT 1.8 %) (PP-TMP at (NP (NP one point) (PP-TMP during (NP the day))))))) , (NP-SBJ-1 the composite) (VP (VP rebounded (NP-EXT a little)) , but (VP finished (ADVP-CLR down (NP 5.52)) , (PP-LOC-CLR at (NP 461.70)))) .)) (TOP (S (PP In (NP contrast)) , (NP-SBJ-1 the industrial average) (VP (VP recovered (ADVP-MNR almost completely) (PP-CLR from (NP its skid))) and (VP closed (ADVP-CLR down (NP 0.1 %)))) .)) (TOP (S (NP-SBJ The New York Stock Exchange Composite) (VP was (ADJP-PRD (NP 0.4 %) lower) (PP-TMP for (NP the day))) .)) (TOP (S (SBAR-ADV As (FRAG (ADJP-PRD usual))) , (NP-SBJ-1 (NP the over-the-counter market 's) biggest technology stocks) (VP were (VP (ADVP-MNR hardest) hit (NP *-1))) .)) (TOP (S (NP-SBJ-1 Microsoft) , (S-ADV (NP-SBJ *-1) (VP battered (NP *) (PP by (NP-LGS (NP profit taking) (PP-LOC in (NP recent sessions)))))) , (VP sank (NP-EXT (NP as much) (PP as (NP 4)))) ; but (S (NP-SBJ it) (VP finished (PP-LOC-CLR at (NP (NP (QP 80 7)) , (ADVP down (NP (QP 2 1))))) (PP on (NP (NP volume) (PP of (NP (QP one million) shares)))))) .)) (TOP (S (NP-SBJ (NP MCI Communications) , (NP the (ADJP most active) issue) ,) (VP finished (ADVP-CLR down (NP 5) (PP to (NP (QP 42 1))))) .)) (TOP (S (NP-SBJ MCI) (VP traded (ADVP-CLR (ADVP as low) (PP as (NP (QP 41 3)))) (PP-TMP during (NP the session))) .)) (TOP (S (NP-SBJ Other active stocks) (VP included (NP (NP Jaguar) , (SBAR (WHNP-1 whose American depositary receipts) (S (NP-SBJ *T*-1) (VP added (NP 1) (PP-CLR to (NP (QP 11 1)))))))) .)) (TOP (S (S (NP-SBJ Apple Computer) (VP improved (NP-EXT 7) (PP-CLR to (NP 47 5)))) ; (S (NP-SBJ Intel) (VP slipped (NP-EXT 1) (PP-DIR to (NP (QP 33 1))))) , and (S (NP-SBJ Valley National Corp.) (VP was (ADVP-PRD up (NP 1) (PP to (NP (QP 15 1)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The market) (VP started (PP with (NP (NP several strikes) (PP against (NP it)))))) , '' (VP said (S *T*-1)) (NP-SBJ-2 (NP Peter DaPuzzo) , (NP (NP head) (PP of (NP retail equity trading)) (PP-LOC at (NP Shearson Lehman Hutton)))) , (S-ADV (NP-SBJ *-2) (VP referring (PP-CLR to (NP (NP news (SBAR that (S (NP-SBJ-3 (NP the labor-management buy-out) (PP of (NP UAL Corp.))) (VP continued (S (NP-SBJ *-3) (VP to (VP unravel))))))) , and (NP reports (SBAR that (S (NP-SBJ the junk-bond market) (VP is (VP disintegrating))))))))) .)) (TOP (S (S-TPC-1 But (NP-SBJ (NP the computer-guided selling) (PP in (NP (NP response) (PP to (NP those developments))))) (VP dealt (NP a serious blow) (PP-DTV to (NP the over-the-counter market)))) , (NP-SBJ Mr. DaPuzzo) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S-2 (SBAR-ADV (ADVP Even) though (S (NP-SBJ the over-the-counter market) (ADVP-TMP usually) (VP does n't (VP fall (PP-EXT by (NP (NP as much) (PP as (NP listed stocks)))) (PP-TMP during (NP program-selling blitzes)))))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) `` (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the market) (VP does (VP recover (ADVP-TMP *T*-3))))) , (S (NP-SBJ-1 the damage) (VP is (VP done (NP *-1)))) and (S (NP-SBJ it) (VP leaves (S (NP-SBJ Nasdaq) (ADVP-PRD down (ADVP-EXT (ADVP more) (PP than (NP the Big Board))))))) . '')) (TOP (S (NP-SBJ Mr. DaPuzzo) (ADVP also) (VP complained (SBAR that (S (NP-SBJ (NP the sharp swings) (PP-LOC in (NP stock prices))) (ADVP-TMP lately) (VP is (VP scaring (ADVP-DIR away) (NP (UCP retail and foreign) investors)))))) .)) (TOP (S (S-TPC-1 (SBAR-ADV While (S (NP-SBJ Shearson) (VP does n't (VP do (NP computer-guided program trading) (PP for (NP its own account)))))) , (NP-SBJ the firm) (VP does (VP execute (NP orders) (PP for (NP (NP clients) (VP involved (NP *) (PP-CLR in (NP (NP the buying and selling) (PP of (NP (NP shares) (VP tied (NP *) (PP-CLR to (NP (NP movements) (PP-LOC in (NP certain stock indexes))))))))))))))) , (NP-SBJ Mr. DaPuzzo) (VP acknowledged (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The volatility) (ADJP inherent (PP in (NP program trading)))) (VP troubled (NP other traders) , (ADVP too)) .)) (TOP (S (NP-SBJ They) (VP do n't (VP like (NP (NP the risks) (SBAR (WHNP-1 0) (S (NP-SBJ-2 they) (VP are (VP forced (S (NP-SBJ *-2) (VP to (VP assume (NP *T*-1)))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ prices) (VP swing (ADVP-MNR so drastically) (ADVP-TMP *T*-3))))))))))) .)) (TOP (S (NP-SBJ-1 Market makers) (VP are (VP supposed (S (NP-SBJ-3 *-1) (VP to (VP keep (S (NP-SBJ (NP supplies) (PP of (NP stocks))) (PP-LOC-PRD on (NP hand))) (S-PRP (NP-SBJ *-3) (VP to (VP maintain (NP orderly trading) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ imbalances) (VP occur (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ That) (VP means (SBAR that (S (PP-TMP on (NP (NP days) (SBAR (WHADVP-1 when) (S (S (NP-SBJ prices) (VP are (VP tumbling))) and (S (NP-SBJ sellers) (VP abound)) (ADVP-TMP *T*-1))))) (NP-SBJ-2 they) (VP must (VP be (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP buy (NP shares) (PP-CLR from (NP sellers)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ (NP no one) (ADJP else)) (VP will (ADVP-TMP *T*-3))))))))))))) .)) (TOP (S (PP-LOC In (NP such an environment)) , (NP-SBJ a market maker) (VP can (VP absorb (NP huge losses))) .)) (TOP (S But (NP-SBJ (NP (NP the recent volatility) (PP-LOC in (NP stock prices))) (VP caused (NP *) (PP by (NP-LGS the program trading)))) (VP has (VP made (S (NP-SBJ-2 some market makers) (ADJP-PRD less willing (S (NP-SBJ *-2) (VP to (VP soak (PRT up) (NP (NP the stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (PP-PRD for (NP sale))))))))))))) .)) (TOP (S (NP-SBJ The market makers) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP are n't (ADJP-PRD comfortable) (S-ADV (NP-SBJ *-1) (VP carrying (NP (NP big positions) (PP-LOC in (NP stocks))))) (SBAR-PRP because (S (NP-SBJ they) (VP realize (SBAR 0 (S (NP-SBJ prices) (VP can (VP tumble (ADVP-MNR quickly)))))))))))) .)) (TOP (S (NP-SBJ The situation) (VP makes (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD harder) (S-1 (NP-SBJ *) (VP to (VP buy and sell (NP shares) (ADVP-MNR quickly))))) , (S-ADV (NP-SBJ *) (VP exacerbating (NP (NP the rise and fall) (PP-LOC in (NP stock prices)) (PP-TMP during (NP program-dominated trading)))))) .)) (TOP (SINV (VP Groused (S *ICH*-2)) (NP-SBJ (NP Robert Antolini) , (NP (NP head) (PP of (NP (NP over-the-counter trading) (PP-LOC at (NP Donaldson , Lufkin & Jenrette)))))) : `` (S-2 (NP-SBJ It 's) (VP making (S (NP-SBJ (NP it) (SBAR *EXP*-3)) (ADJP-PRD tough) (SBAR-3 for (S (NP-SBJ traders) (VP to (VP make (NP money)))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ sell programs) (VP kick (PRT in) (ADVP-TMP *T*-1)))) , (NP-SBJ many traders) (VP believe (SBAR that `` (S (NP-SBJ there) (VP 's (NP-PRD no sense) (PP in (S-NOM (NP-SBJ *) (VP sticking (NP your nose) (ADVP-CLR out)))) (SBAR-PRP because (S (NP-SBJ you) (VP 're (NP-PRD an instant loser))))))))))) . '')) (TOP (S (NP-SBJ Kinder-Care Learning Centers) (VP added (NP 1) (PP-CLR to (NP 4 7)) (PP on (NP 461,200 shares))) .)) (TOP (S (NP-SBJ Lodestar Group) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP make (NP (NP a (ADJP $ 6-a-share *U*) offer) (PP for (NP the remaining Kinder-Care Learning Center common stock))) (SBAR-ADV if (S (NP-SBJ it) (VP acquires (NP (NP a majority) (PP of (NP (NP the company 's) shares))) (PP-LOC in (NP (NP a pending rights offering) (PP by (NP (NP (NP Kinder-Care Learning Center 's) parent) , (NP Kinder-Care Inc))))))))))))) .)) (TOP (S (NP-SBJ (NP Shares) (PP of (NP KinderCare Inc.))) (VP closed (PP-LOC-CLR at (NP (NP (QP 3 1)))) , (ADVP (ADVP also) up (NP 1)) , (PP on (NP (NP volume) (PP of (NP 700,000))))) .)) (TOP (S (NP-SBJ Ohio Casualty) (VP dropped (NP-EXT 2 1) (PP-DIR to (NP 49 1))) .)) (TOP (S (NP-SBJ The company) (VP posted (NP (NP third-quarter earnings) (PP of (NP (NP (NP 95 cents) (NP-ADV a share)) , (ADVP down (PP from (NP $ 1.26 *U*) (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ The company) (VP estimated (SBAR that (S (NP-SBJ (NP losses) (PP from (NP Hurricane Hugo))) (VP reduced (NP net income) (PP-EXT by (NP (NP 32 cents) (NP-ADV a share))) (PP-TMP in (NP the (ADJP most recent) quarter)))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR (SBAR 0 (S (NP-SBJ-1 (NP losses) (PP from (NP (NP the Oct. 17 earthquake) (PP-LOC in (NP California))))) (VP have n't (ADVP-TMP yet) (VP been (VP determined (NP *-1)))))) , but (SBAR that (S (NP-SBJ it) (VP provides (NP earthquake coverage) (PP-CLR to (NP (NP (QP about 1,400) properties) (PP-LOC in (NP the stricken area))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Any quake-related losses) (VP will (VP be (VP reported (NP *-1) (PP-TMP in (NP the fourth quarter)))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ North Atlantic Industries) (VP jumped (NP-EXT 1) (PP-DIR to (NP (QP 5 3)))) .)) (TOP (S (NP-SBJ-2 The electronics-instruments maker) (VP is (S (NP-SBJ-1 *-2) (VP to (VP be (VP acquired (NP *-1) (PP by (NP-LGS Asset Management Associates)) (PP-CLR for (NP (NP $ 7.25 *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ-1 LIN Broadcasting) (VP slid (NP-EXT (QP 1 3)) (PP-DIR to (NP (QP 108 3))) , (PP despite (S-NOM (NP-SBJ *-1) (VP reporting (NP (NP third-quarter net) (PP of (NP (NP (NP 46 cents) (NP-ADV a share)) , (ADVP up (PP from (NP 39 cents) (NP-TMP the previous year)))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ the latest quarter) (VP included (NP (NP (QP about $ 3.4 million) *U*) (PP in (NP (NP special (ADJP legal and financial) advisory costs) (VP related (NP *) (PP-CLR to (NP (NP (NP (NP McCaw Cellular Communications ') bid) (PP for (NP the company))) and (NP (NP (NP LIN 's) merger pact) (PP with (NP BellSouth))))))))))))) .)) (TOP (S (NP-SBJ McCaw) (VP was (ADJP-PRD unchanged) (PP-LOC at (NP 40))) .)) (TOP (S (NP-SBJ XL/Datacomp) (VP slid (NP-EXT (QP 2 1)) (PP-DIR to (NP (QP 16 1))) (PP-LOC amid (NP (NP continuing concerns) (PP about (NP (NP (NP the company 's) contract negotiations) (PP with (NP International Business Machines))))))) .)) (TOP (S (S (NP-SBJ IBM) (VP is (VP reviewing (NP its entire business-partners program)))) , and (S (NP-SBJ XL/Datacomp) (VP confirmed (NP-TMP earlier this month) (SBAR that (S (NP-SBJ it) (VP was (PP-LOC-PRD in (NP (NP talks) (PP with (NP the company)) (PP about (NP (NP possible modifications) (PP to (NP its current IBM-remarketer contract))))))))))) .)) (TOP (S (NP-SBJ Remarketers) (VP (VP make (NP (NP modifications) (PP to (NP (NP IBM 's) computer hardware)))) and (VP resell (NP the products))) .)) (TOP (S (NP-SBJ Omni Capital Group) (VP surged (NP-EXT (QP 1 3)) (PP-DIR to (NP (QP 16 1)))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ net) (VP rose (PP-DIR to (NP (NP 38 cents) (NP-ADV a share))) (PP-TMP in (NP (NP its fiscal-first quarter) (VP ended (NP-TMP Sept. 30)))) , (PP-DIR from (NP (NP 35 cents) (NP-ADV a shares)) (ADVP-TMP (NP a year) ago)))))) .)) (TOP (S (ADVP Probably) (NP-SBJ the (ADJP most clear-cut) Soviet violation) , (PP for (NP example)) , (VP is (NP-PRD the Krasnoyarsk radar)) .)) (TOP (NP -- `` (NP-TTL Arms Control Reality) , '' (NP-TMP Nov. 20 , 1984) , (NP (NP the first) (PP of (NP (NP (QP some 20) Journal editorials) (VP saying (SBAR that (S (NP-SBJ Krasnoyarsk) (VP violated (NP the ABM treaty)))))))) .)) (TOP (S -- `` (S-TPC-2 (SBAR Whether (S (NP-SBJ the installation) (VP is (PP-PRD for (NP (NP early warning) or (NP space track)))))) , (NP-SBJ-1 it) (ADVP clearly) (VP is not (VP deployed (NP *-1)))) , '' (NP-SBJ the lawmakers) (VP said (S *T*-2)) .)) (TOP (S `` (ADVP Thus) (NP-SBJ we) (VP judge (S (NP-SBJ it) (VP to (VP be (NP-PRD (NP not a violation) (PP of (NP the ABM treaty)))))) (PP-TMP at (NP this time))) . '')) (TOP (S (NP-SBJ The delegation) (VP included (NP (NP (NP a reporter) (PP from (NP the New York Times))) , (NP (NP aides) (PP to (NP (NP Sen. Edward M. Kennedy) and (NP Rep. Les AuCoin)))) , and (NP Natural Resources Defense Council staff members))) .)) (TOP (NP-HLN -- (NP The Washington Post) , (NP-TMP Sept. 9 , 1987) .)) (TOP (S -- (NP-SBJ The U.S.S.R.) (VP has (VP taken (NP (NP unprecedented unilateral measures) (PP of (NP openness))) , (PP-MNR by (S-NOM (NP-SBJ *) (VP giving (NP-1 American representatives) (NP a possibility (S (NP-SBJ *) (VP to (VP inspect (NP (NP (NP the building site) (PP of (NP the Krasnoyarsk radar))) as well as (NP (NP radar vans) (PP-LOC in (NP (NP the areas) (PP of (NP Gomel and Moscow)))))))))) , (SBAR-ADV so as (S (NP-SBJ *-1) (VP to (VP see (PP for (NP themselves)) (SBAR that (S (NP-SBJ there) (VP are (NP-PRD (NP no violations) (PP of (NP (NP the ABM treaty) (PP of (NP 1972)))) (PP on (NP (NP the part) (PP of (NP the Soviet Union))))))))))))))))) .)) (TOP (NP -- (NP (NP Letter) (PP from (NP Eduard Shevardnadze)) (PP to (NP U.N. Secretary-General Perez de Cuellar))) , (VP reported (NP *) (PP-LOC in (NP (NP Tass) , (NP-TMP June 10 , 1988)))) .)) (TOP (S-1 -- (NP-SBJ (NP The construction) (PP of (NP (NP this station) (ADJP equal (PP in (NP size)) (PP to (NP the Egyptian pyramids)))))) (VP constituted (PRN , (S (NP-SBJ I) (VP say (NP (NP it) (SBAR 0 (S *T*-1))) (ADVP-MNR directly))) ,) (NP (NP a clear violation) (PP of (NP ABM)))) .)) (TOP (NP -- (NP Eduard Shevardnadze) , (NP-TMP Oct. 23 , 1989) .)) (TOP (S (NP-SBJ-1 We) (VP 're (ADJP-PRD happy (PRN , (S (NP-SBJ we) (VP guess)) ,) (S (NP-SBJ *-1) (VP to (VP receive (NP (NP confirmation) (PP of (NP the Krasnoyarsk violation))) (PP-CLR from (NP the Soviets)) , (SBAR-TMP (NP five years) after (S (NP-SBJ we) (VP started (VP writing (PP-CLR about (NP it))))))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ even the American apologists) (VP will (ADVP-TMP now) (VP accede)) .)) (TOP (S (PP Without (NP question)) , (NP-SBJ something intriguing) (VP is (VP going (PRT on) (PP-LOC in (NP (NP the policy chambers) (PP of (NP the Politburo)))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ it) (VP bids (PP-CLR for (NP (NP new agreements) , (NP new loans) and indeed (NP (NP admission) (PP to (NP the civilized world)))))))) , (NP-SBJ the Soviet government) (VP has (VP recognized (SBAR 0 (S (NP-SBJ it) (VP has (NP a credibility problem)))))) .)) (TOP (S So (PP-TMP after (NP 70 years)) , (NP-SBJ-2 it) (VP is (VP confessing (NP the obvious) , (S-ADV (NP-SBJ-3 *-2) (VP hoping (S (NP-SBJ-1 *-3) (VP to (VP be (VP believed (NP *-1) (PP about (NP other things)))))))))) .)) (TOP (S (NP-SBJ It) (VP 's not (NP-PRD enough)) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 the Soviets) (VP want (S (NP-SBJ-1 *-2) (VP to (VP be (VP believed (NP *-1)))))))) , (NP-SBJ-3 they) (VP need (S (NP-SBJ-4 *-3) (VP to (VP start (S (NP-SBJ *-4) (VP telling (NP the truth) (PP about (NP (NP more) (PP than (NP the totally obvious)))))))))) .)) (TOP (S (NP-SBJ (NP Our own test) (PP of (NP `` (NP glasnost 's) '' authenticity))) (VP would (VP be (NP-PRD a Soviet decision (S (NP-SBJ *) (VP to (VP open (NP itself) (PP-CLR to (NP (NP a complete international examination) (PP of (NP (NP (NP one) (PP of (NP (NP the most troubling mysteries) (PP-LOC in (NP U.S.-Soviet relations))))) -- (NP (NP the reported 1979 anthrax outbreak) (PP-LOC at (NP (NP a Soviet military facility) (PP-LOC in (NP Sverdlovsk))))))))))))))) .)) (TOP (S (NP-SBJ The U.S. government) (VP has (ADVP-TMP never) (VP waivered (PP in (NP (NP its assessment) (PP of (NP this incident)) (PP as (NP (NP (NP an accident) (PP-LOC at (NP (NP a biological weapons facility) (ADVP-LOC there)))) , and hence (NP (NP a violation) (PP of (NP the 1972 Biological Weapons Convention))))))))) .)) (TOP (S (NP-SBJ-1 (NP The Pentagon 's) (ADJP recently issued) `` (NX-TTL Soviet Military Power)) , '' (SBAR-ADV though (S (PP in (NP general)) (NP-SBJ *-1) (VP adopting (NP a softer line)))) , (VP repeated (NP the Sverdlovsk assessment)) .)) (TOP (S (S (NP-SBJ-1 It) (ADVP also) (VP was (VP detailed (NP *-1) (PP-LOC in (NP Congressional testimony)) (NP-TMP this past February)))) : (S (NP-SBJ (NP An explosion) (PP-LOC at (NP (NP the Microbiology and Virology Institute) (PP-LOC in (NP Sverdlovsk))))) (VP released (NP (NP anthrax germs) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP caused (NP (NP a significant number) (PP of (NP deaths))))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ Mr. Shevardnadze) (VP did not (VP address (NP this topic) (PP-LOC before (NP the Supreme Soviet)))))) , (NP-SBJ (NP the Soviet Union 's) official position) (VP remains (SBAR that (S (NP-SBJ-1 the anthrax deaths) (VP were (VP caused (NP *-1) (PP by (NP-LGS tainted meat))))))) .)) (TOP (S (NP-SBJ We) (VP doubt (NP this claim) (SBAR-ADV (ADVP just) as (S (NP-SBJ we) (VP doubted (NP (NP (NP Mr. Shevardnadze 's) assurance (SBAR *ICH*-1)) (NP-TMP last year) (SBAR-1 that (S (NP-SBJ Krasnoyarsk) (VP did n't (VP violate (NP the ABM treaty)))))))))) .)) (TOP (S And (SBAR-ADV (ADVP just) as (S (NP-SBJ we) (VP did not (VP believe (NP (NP the tendentious claims) (PP of (NP (NP the (NX (NX Congressmen) and (NX arms-control advocates))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP visited (NP Krasnoyarsk))))))))))) , (NP-SBJ-3 we) (VP are (PP in (NP no way)) (VP persuaded (NP *-3) (PP by (NP-LGS (NP the assent) (PP to (NP the tainted-meat theory)) (PP by (NP (NP a U.S. team) (PP of (NP (NP scientists) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP met (PP-CLR with (NP Soviet counterparts)) (PP-LOC in (NP Washington)) (NP-TMP last year)))))))))))) .)) (TOP (S (NP-SBJ (NP The Soviets ') explanation) (VP is (SBAR-PRD that (S (NP-SBJ the anthrax) (VP came (PP-DIR from (NP (NP one lot) (PP of (NP (NP animal feed) (VP made (NP *) (PP-CLR from (NP (NP the bones) (PP of (NP (NP cattle) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP grazed (PP-CLR on (NP (NP soil) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP was (VP (ADVP-MNR naturally) infected (PP-CLR with (NP anthrax spores)))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Harvard 's) Matthew Meselson) -- (SBAR (WHNP-1 who) (S (NP-SBJ we) (VP read (SBAR 0 (S (NP-SBJ *T*-1) (VP has (VP sold (NP-CLR (NP something) (VP called (S (NP-SBJ *) (NP-PRD the `` scientific community '')))) (PP-CLR on (NP the notion (SBAR that (S (NP-SBJ (NP `` yellow rain '' attacks) (PP on (NP the Laotian Hmong))) (VP were (PP in (NP fact)) (NP-PRD (NP the result) (PP of (NP (NP fecal showers) (PP by (NP giant bees))))))))))))))))) --) (VP found (S (NP-SBJ the Soviet anthrax scenario) `` (ADJP-PRD completely plausible))) . '')) (TOP (S (NP-SBJ We) (VP do n't (VP believe (NP it))) .)) (TOP (S And (NP-SBJ we) (ADVP certainly) (VP do not (VP believe (SBAR that (S (NP-SBJ-1 (NP Mr. Gorbachev) or (NP (NP any) (PP of (NP his emissaries)))) (ADVP-TMP yet) (VP deserve (S (NP-SBJ *-1) (VP to (VP have (S (NP-SBJ the West) (VP take (NP-CLR their word) (PP-CLR for (NP it)))))))))))) .)) (TOP (S (NP-SBJ Sverdlovsk) (VP is (NP-PRD (NP a large gray cloud) (PP-LOC (PP over (NP glasnost)) and indeed (PP over (NP (NP the legitimacy) (PP of (NP (NP the arms-control process) (NP itself)))))))) .)) (TOP (S (NP-SBJ (NP The U.S. government 's) Sverdlovsk complaint) , (PP as (PP with (NP Krasnoyarsk))) , (VP is (NP-PRD no mere political posturing)) .)) (TOP (S (NP-SBJ-1 Biological weapons violations) (VP (VP have (VP figured (NP-EXT little) (PP-LOC in (NP political debate)))) , and indeed (VP have not (VP been (VP pressed (NP *-1) (ADVP-MNR vigorously enough) (PP by (NP-LGS the U.S. government)))))) .)) (TOP (S (S But (NP-SBJ the stated U.S. position) (VP is (ADJP-PRD detailed and specific))) , and (S (NP-SBJ (NP the prospect) (PP of (NP biological warfare))) (VP is (ADJP-PRD profoundly chilling))) .)) (TOP (S (NP-SBJ-2 The Soviets) (VP should (VP be (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP set (PP-CLR in (NP motion)) (NP (NP a process) (SBAR (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP would (VP allow (S (NP-SBJ them) (VP to (VP acknowledge (SBAR that (S (NP-SBJ Sverdlovsk) (VP violated (NP the 1972 agreement))))))))))) or , (ADVP alternatively) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP give (NP U.S. specialists) (NP reasonable confidence (SBAR that (S (NP-SBJ this) (VP was (NP-PRD a (ADJP wholly civilian) accident))))))))))))))))) .)) (TOP (S (PP-TMP Until (S-NOM (NP-SBJ that) (VP happens))) , (NP-SBJ-1 glasnost) (VP can not (VP begin (S (NP-SBJ *-1) (VP to (VP deserve (NP (NP (NP the kind) (PP of (NP credibility))) (SBAR (WHNP-2 0) (S (NP-SBJ Mr. Shevardnadze) (VP was (VP bidding (PP-CLR for (NP *T*-2)) (PP with (NP (NP his confessions) (PP-TMP on (NP Monday)))))))))))))) .)) (TOP (S (NP-SBJ Manville Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP offered (S (NP-SBJ *-1) (VP to (VP buy (NP (NP (QP $ 500 million) *U*) (PP of (NP its convertible preferred stock))) (PP-CLR from (NP the Manville Personal Injury Settlement Trust))))) (PP in (NP (NP a move) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP (VP improve (NP (NP the trust 's) liquidity)) and (VP reduce (NP (NP the potential number) (PP of (NP (NP Manville shares) (ADJP outstanding))))))))))))))) .)) (TOP (S (NP-SBJ Manville) (VP said (SBAR 0 (S (NP-SBJ it) (VP made (NP the offer) (PP-TMP within (NP the past several weeks)) (PP as (NP (NP part) (PP of (NP an effort (S (NP-SBJ *) (VP to (VP improve (NP shareholder value)))))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP purchase (NP the stock) (PP at (NP market price))))))) .)) (TOP (S (NP-SBJ (NP Manville) and (NP (NP a spokeswoman) (PP for (NP the trust)))) (VP said (SBAR that (S (S (NP-SBJ the two) (VP are (VP discussing (NP the proposal)))) but (S (NP-SBJ-1 a decision) (VP has n't (VP been (VP made (NP *-1)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP are (VP considering (NP (NP that offer) (PP along (PP with (NP all other alternatives))))))) , '' (NP-SBJ the trust spokeswoman) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ-1 We) (VP need (S (NP-SBJ *-1) (VP to (VP look (PP-CLR at (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ-3 *) (VP to (VP maximize (NP our cash flow) (ADVP-MNR *T*-2) (S-PRP (NP-SBJ *-3) (VP to (VP pay (NP our beneficiaries))))))))))))) . '')) (TOP (S (NP-SBJ-2 The trust) , (S-ADV (NP-SBJ-3 *-2) (VP created (NP *-3) (PP as (NP (NP part) (PP of (NP (NP Manville 's) bankruptcy-law reorganization)))) (S-PRP (NP-SBJ *-3) (VP to (VP compensate (NP (NP victims) (PP of (NP asbestos-related diseases)))))))) , (VP owns (NP (NP 7.2 million) (PP of (NP (NP the Series A convertible preferred shares) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are each (ADJP-PRD convertible (PP into (NP 10 Manville common shares)))))))))) .)) (TOP (S (NP-SBJ The trust) (ADVP also) (VP owns (NP (NP half) (PP of (NP (NP (NP Manville 's) (QP 48 million) common shares) (ADJP outstanding))))) .)) (TOP (S (PP Based (PP on (NP (NP (NP Manville 's) closing price) (NP-TMP yesterday) (PP of (NP (NP $ 9.25 *U*) (NP-ADV a share)))))) , (NP-SBJ (NP Manville 's) offer) (VP would (VP purchase (NP (NP (NP (QP about 5.4 million)) (PP of (NP its preferred shares))) , or (NP (NP (QP about 75) %) (PP of (NP (NP the trust 's) preferred stock holding)))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP (NP the stock) and (NP (NP 20 %) (PP of (NP (NP (NP Manville 's) profits) (PP-TMP beginning (PP in (NP 1992)))))))))) , (NP-SBJ-1 the trust) (VP is (VP supposed (S (NP-SBJ *-1) (VP to (VP receive (NP (QP $ 2.5 billion) *U*) (PP-TMP over (NP its 27-year life))))))) .)) (TOP (S But (NP-SBJ-1 it) (ADVP-TMP initially) (VP (VP was (VP funded (NP *-1) (PP with (NP (QP about $ 765 million) *U*)))) and (VP may (ADVP-TMP soon) (VP face (NP a cash crunch)))) .)) (TOP (S (PP-TMP As (PP of (NP June 30))) , (S (NP-SBJ it) (VP had (VP settled (NP (NP (QP about 15,000 of 81,000) claims) (VP filed (NP *)))))) and (S (NP-SBJ its unpaid claims) (VP totaled (NP (NP (QP $ 136 million) *U*) , (NP (NP a large portion) (PP of (NP (NP its (QP $ 268 million) *U*) (PP in (NP (NP cash) and (NP marketable securities))))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ-1 (NP most) (PP of (NP its assets))) (VP are (VP tied (NP *-1) (PP-CLR to (NP (NP Manville) , (NP a forest and building products concern))))))) , (NP-SBJ-2 the trust) (VP might (ADVP also) (VP want (S (NP-SBJ *-2) (VP to (VP diversify (NP its holdings)))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP its offer)))) , (NP-SBJ Manville) (VP said (SBAR 0 (S (NP-SBJ it) (VP requested (NP (NP changes) (PP-LOC in (NP (NP some covenants) (PP between (NP (NP it) and (NP the trust)))))) (S-PRP (NP-SBJ *) (VP to (VP allow (S (NP-SBJ Manville) (VP to `` (VP reflect (NP a (ADJP more typical) corporate ownership and financial structure))))))))))) . '')) (TOP (S (NP-SBJ A Manville spokesman) (VP would n't (VP elaborate (PP on (NP the proposed changes)))) .)) (TOP (S But (NP-SBJ he) (VP said (SBAR (SBAR 0 (S (NP-SBJ they) (VP are `` (PP-EXT to (NP a large degree)) , (VP housekeeping , '' (SBAR-ADV although (S (NP-SBJ some) (VP may (VP generate (NP some disagreement))))))))))) .)) (TOP (S (NP-SBJ Manville) (VP said (SBAR (SBAR 0 (S (NP-SBJ-2 (NP the shares) (VP issued (NP *) (PP-CLR to (NP the trust)))) (VP were (VP intended (S (NP-SBJ-1 *-2) (VP to (VP be (VP sold (NP *-1) , (SBAR-ADV as (S (NP-SBJ-3 *) (VP needed (NP *-3)))) ,)))))))) and (SBAR that (S (NP-SBJ Manville) (VP has (NP (NP the right) (PP of (NP first refusal (S (NP-SBJ *) (VP to (VP buy (NP those shares)))))))))))) .)) (TOP (S (NP-SBJ Northeast Utilities) (VP raised (NP (NP its bid) (PP for (NP (NP Public Service Co.) (PP of (NP New Hampshire)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP operating (PP-LOC under (NP Bankruptcy Code protection)))))) ,))) (PP-DIR to (NP (QP $ 2.25 billion) *U*)) (PP-DIR from (NP (QP $ 1.85 billion) *U*))) .)) (TOP (S (NP-SBJ (NP (NP Northeast 's) raised bid) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP supported (NP *-1) (PP by (NP-LGS (NP PS) (PP of (NP (NP New Hampshire 's) official shareholder committee)))))))) ,) (VP is (NP-PRD (NP a prelude) (PP to (SBAR-NOM (WHNP-3 what) (S (NP-SBJ-4 *T*-3) (VP is (VP expected (S (NP-SBJ *-4) (VP to (VP be (NP-PRD (NP a round) (PP of (NP (NP higher bids) (PP by (NP (NP the other groups) (VP trying (S (NP-SBJ *) (VP to (VP acquire (NP (NP the company) , (NP (NP the largest utility) (PP-LOC in (NP New Hampshire))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The (ADJP (QP $ 2.25 billion) *U*) value) (VP claimed (NP *) (PP by (NP-LGS (NP Northeast) , (PP based (PP in (NP (NP Hartford) , (NP Conn.)))) ,)))) (VP is (NP-PRD (NP the highest) (VP (ADVP-TMP yet) given (NP *) (PP-CLR to (NP a bid))))) .)) (TOP (S (NP-SBJ-1 (NP Some) (PP of (NP the three other bidding groups))) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP increase (NP their offers) (NP-TMP (NP tomorrow) , (NP (NP a date) (VP set (NP *) (PP for (NP revised offers)) (PP by (NP-LGS a bankruptcy court judge)))))))))) .)) (TOP (S (S (NP-SBJ-1 A hearing) (VP is (VP set (NP *-1) (PP-CLR for (NP Nov. 15))))) , but (S (NP-SBJ participants) (VP do n't (VP expect (NP a resolution) (PP-TMP until (NP July 1990))))) .)) (TOP (S (PP-LOC Under (NP the new Northeast Utilities plan)) , (NP-SBJ it) (VP would (VP (VP pay (NP (NP (QP $ 1.65 billion) *U*) (PP in (NP cash))) (PP-CLR to (NP creditors))) and (VP assume (NP (NP (QP $ 100 million) *U*) (PP in (NP pollution control bonds)))))) .)) (TOP (S (NP-SBJ Secured creditors) (VP would (VP recover (NP both principal and interest) , (SBAR-ADV while (S (NP-SBJ unsecured creditors) (VP would (VP receive (NP (NP only principal and interest) (VP accrued (NP *) (SBAR-TMP before (S (NP-SBJ (NP PS) (PP of (NP New Hampshire))) (VP filed (PP-CLR for (NP Bankruptcy Code protection)) (PP-TMP in (NP January))))))))))))))) (TOP (S (NP-SBJ (NP The biggest change) (PP-LOC in (NP (NP Northeast 's) offer))) (VP was (PP-LOC-PRD in (NP (NP improvements) (VP made (NP *) (PP-PRP for (NP (NP equity holders) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP had (VP been (VP given (NP *-1) (NP short shrift) (ADVP-TMP previously)))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-3) (VP Assuming (NP (NP full operation) (PP of (NP (NP the Seabrook nuclear power plant) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP (VP is (VP completed (NP *-2))) but (VP is n't (ADVP-TMP yet) (VP operating))))) ,))))) (NP-SBJ-3 equity holders) (VP would (VP receive (NP (NP (QP up to $ 500 million) *U*) (PP in (NP (NP cash) , (NP preferred stock) and (NP new 10-year Seabrook bonds)))))) .)) (TOP (S (NP-SBJ (NP Northeast 's) previous offer) (VP had (VP proposed (SBAR that (S (NP-SBJ equity holders) (VP receive (NP (QP just $ 165 million) *U*)))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Northeast) (VP promised (NP (NP the State) (PP of (NP New Hampshire))) (SBAR that (S (NP-SBJ-1 rate increases) (VP would (VP be (VP limited (NP *-1) (PP-CLR to (NP (NP 5.5 %) (ADVP-TMP annually) (PP-TMP for (NP seven years)))))))))) .)) (TOP (S (NP-SBJ Its previous proposal) (VP had (VP conditioned (NP (NP rate limits) (PP-LOC on (NP (NP Seabrook operations) and (NP other contingencies)))))) .)) (TOP (S (NP-SBJ (NP Wilbur Ross) , (NP (NP financial adviser) (PP to (NP the equity holders)))) (VP said , `` (S (PP Given (NP (NP the state 's) strong bargaining position)) ... (NP-SBJ we) (VP believe (SBAR 0 (S (NP-SBJ the NU plan) (VP provides (NP (NP the best recovery) (ADJP available '' (PP to (NP (NP (NAC PS (PP of (NP New Hampshire))) 's) equity holders)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Officials) (PP of (NP (NP PS) (PP of (NP New Hampshire))))) (VP could n't (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-SBJ The company) (VP has (VP filed (NP (NP an internal reorganization plan) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP valued (NP *T*-2) (PP-CLR at (NP (QP $ 2.2 billion) *U*))))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP require (NP (ADJP 5.5 %) rate increases)))))))) .)) (TOP (S (NP-SBJ That plan) (VP would (VP (VP leave (NP existing preferred shareholders) (PP-CLR with (NP (QP at least a 41 %) stake))) and (VP give (NP common shareholders) (NP (QP as little as 13) %)))) .)) (TOP (S (NP-SBJ (NP New England Electric System) , (NP-LOC (NP Westborough) , (NP Mass.)) ,) (VP has (VP proposed (S (NP-SBJ *) (VP buying (NP the company) (PP-CLR for (NP $ 2 billion *U*)) (PP as (NP (NP part) (PP of (NP (NP a plan) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP require (NP (NP rate increases) (PP of (NP (QP only 4.8) %)) (ADVP-TMP annually) (PP-TMP for (NP seven years))))))))))))))) .)) (TOP (S (NP-SBJ (NP The state) (PP of (NP New Hampshire))) (VP has (VP favored (NP that plan))) .)) (TOP (S (NP-SBJ The other bidder) (VP is (NP-PRD (NP United Illuminating Co.) , (NP-LOC (NP New Haven) , (NP Conn.)) , (PP with (NP (NP (NP a bid) (VP valued (NP *) (PP-CLR at (NP (QP $ 2.2 billion) *U*)))) and and (NP (NP a proposal) (PP for (NP (NP seven years) (PP of (NP (ADJP 5.5 %) rate increases))))))))) .)) (TOP (S (NP-SBJ The Polish rat) (VP will (VP eat (ADVP-MNR well) (NP-TMP this winter))) .)) (TOP (S (NP-SBJ (NP Tons) (PP of (NP (ADJP delectably rotting) potatoes , barley and wheat))) (VP will (VP fill (NP (NP damp barns) (PP-LOC across (NP the land))) (SBAR-ADV as (S (NP-SBJ (NP thousands) (PP of (NP farmers))) (VP turn (NP-PRD (NP the state 's) buyers) (PRT away)))))) .)) (TOP (S (S (NP-SBJ-1 Many a piglet) (VP wo n't (VP be (VP born (NP *-1) (PP-PRP as (NP a result)))))) , and (S (NP-SBJ many a ham) (VP will (ADVP-TMP never) (VP hang (PP-LOC in (NP a butcher shop))))) .)) (TOP (S But (PP with (S-NOM (NP-SBJ inflation) (VP raging))) , (NP-SBJ (NP grain) (PP-LOC in (NP the barn))) (VP will (ADVP-TMP still) (VP be (NP-PRD (NP a safer bet) (PP *ICH*-1)) (PP for (NP the private farmer)) (PP-1 than (NP (NP money) (PP-LOC in (NP the bank)))))) .)) (TOP (S (ADVP-TMP Once again) , (NP-SBJ the indomitable peasant) (VP holds (NP (NP Poland 's) future) (PP-LOC-CLR in (NP his hands))) .)) (TOP (S (SBAR-TMP Until (S (NP-SBJ his labor) (VP can (VP produce (NP a profit) (PP-LOC in (NP this (ADJP dying and distorted) system)))))) , (NP-SBJ even (NP Solidarity 's) sympathetic new government) (VP wo n't (VP win (NP him) (PRT over))) .)) (TOP (S (PP-TMP In (NP coming months)) , (NP-SBJ (NP emergency food aid) (VP moving (ADVP-DIR in) (PP-DIR from (NP the West)))) (VP will (VP be (NP-PRD (NP the one buffer) (PP between (NP (NP a meat-hungry public) and (NP a new political calamity)))))) .)) (TOP (S (S (NP-SBJ (NP Factory workers) (PP on (NP strike))) (VP knocked (NP (NP Poland 's) Communist bosses) (PP-CLR off (NP balance)) (NP-TMP last year))) ; (S-CLF (NP-TMP this year) , (NP-SBJ it) (VP was (NP-PRD the farmers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP brought (NP them) (PRT down)))))) .)) (TOP (S (PP-TMP In (NP June)) , (NP-SBJ-1 farmers) (VP held (PP-CLR onto (NP meat , milk and grain)) , (S-ADV (NP-SBJ *-1) (VP waiting (PP-CLR for (NP (NP July 's) usual state-directed price rises))))) .)) (TOP (S (NP-SBJ The Communists) (VP froze (NP prices) (ADVP instead)) .)) (TOP (S (S (NP-SBJ The farmers) (VP ran (NP a boycott))) , and (S (NP-SBJ meat) (VP disappeared (PP-DIR from (NP the shops)))) .)) (TOP (S (PP-TMP On (NP Aug. 1)) , (S (NP-SBJ the state) (VP tore (PRT up) (NP its controls))) , and (S (NP-SBJ food prices) (VP leaped)) .)) (TOP (S (PP Without (NP buffer stocks)) , (NP-SBJ inflation) (VP exploded) .)) (TOP (S (NP-SBJ That) (VP was (SBAR-TMP-PRD (WHADVP-1 when) (S (NP-SBJ (NP the tame old (NP Peasants ') Party) , (ADJP desperate (S (NP-SBJ *) (VP to (VP live (PP-CLR through (NP the crisis)))))) ,) (VP (VP broke (NP-CLR ranks) (PP-CLR with (NP the Communists))) and (VP joined (PP-CLR with (NP Solidarity)) (PP in (NP (NP the East Bloc 's) first liberated government))) (ADVP-TMP *T*-1))))) .)) (TOP (S But (PP-TMP by (NP (NP the time) (SBAR (WHADVP-2 0) (S (NP-SBJ Solidarity) (VP took (NP office) (PP-TMP in (NP September)) (ADVP-TMP *T*-2)))))) , (NP-SBJ-1 the damage) (VP was (VP done (NP *-1))) .)) (TOP (S (NP-SBJ `` (NP Shortageflation) , '' (SBAR as (S (NP-SBJ-1 economists) (VP have (VP come (S (NP-SBJ *-1) (VP to (VP call (NP it)))))))) ,) (VP had (VP gone (ADJP-PRD hyper))) .)) (TOP (S (NP-SBJ-1 (NP The cost) (PP of (S-NOM (NP-SBJ *) (VP raising (NP a pig))))) (VP kept (S (NP-SBJ *-1) (VP bounding (ADVP-DIR ahead (PP of (NP (NP the return) (PP for (S-NOM (NP-SBJ *) (VP selling (NP one)))))))))) .)) (TOP (S (NP-SBJ The farmers) (VP stayed (ADJP-PRD angry)) .)) (TOP (S (NP-SBJ They) (ADVP-TMP still) (VP are (ADJP-PRD *?*)) .)) (TOP (S (PP-TMP At (NP (NP dawn) (PP-TMP on (NP a cool day)))) , (NP-SBJ-1 hundreds) (VP travel (PP-DIR to (NP (NP the private market) (PP-LOC in (NP (NP Radzymin) , (NP (NP a town) (ADVP-LOC not far (PP from (NP Warsaw)))) ,)))) (S-ADV (NP-SBJ *-1) (VP hauling (NP (NP (NP pigs) , (NP cattle) and (NP (NP sacks) (PP of (NP feed)))) (SBAR (WHNP-2 that) (S (NP-SBJ (NP the state 's) official buyers) (VP ca n't (VP induce (S (NP-SBJ them) (VP to (VP sell (NP *T*-2)))))))))))) .)) (TOP (S (ADVP-LOC Here) , (NP-SBJ they) (VP are (VP searching (PP-CLR for (NP a higher price)))) .)) (TOP (S (PP-LOC In (NP (NP a crush) (PP of (NP (NP trucks) and (NP horse carts))) (PP-LOC on (NP the trodden field)))) , (NP-SBJ Andrzej Latowski) (VP wrestles (NP a screeching , overweight hog) (PP-DIR into (NP (NP the trunk) (PP of (NP (NP a private butcher 's) Polish Fiat))))) .)) (TOP (S `` (S-TPC-2 (PP Of (NP course)) (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD better) (S-1 (NP-SBJ *) (VP to (VP sell (ADJP-MNR private)))))) , '' (NP-SBJ he) (VP says (S *T*-2) , (SBAR-TMP as (S (NP-SBJ the butcher) (VP trundles (ADVP-DIR away))))) .)) (TOP (SBARQ `` (WHADVP-1 Why) (SQ should (NP-SBJ-2 anybody) (VP want (S (NP-SBJ *-2) (VP to (VP sell (PP-CLR to (NP them))))) (ADVP-PRP *T*-1))) ? '')) (TOP (S (NP-SBJ The young farmer) (VP makes (NP money) (PP on (NP (NP the few hogs) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP sells (NP *T*-1) (ADVP-LOC here))))))) .)) (TOP (S (NP-SBJ He) (VP wo n't (PP-TMP for (ADVP long)) , (SBAR-PRP because (S (NP-SBJ (NP his old state sources) (PP of (NP rye and potatoes))) (VP are (VP drying (PRT up)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD no feed))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ You) (VP ca n't (VP buy (NP anything) (ADVP-TMP nowadays))) .)) (TOP (S (NP-SBJ I) (VP do n't (VP know (SBARQ (WHADVP why) (FRAG (SQ *?*))))) . '')) (TOP (S (NP-SBJ Edward Chojnowski) (VP does (VP *?*)) .)) (TOP (S (NP-SBJ-1 His truck) (VP is (VP parked (NP *-1) (PP-LOC across (NP the field)) , (PP-LOC in (NP (NP a row) (PP of (NP grain sellers)))))) .)) (TOP (S (PP Like (NP the others)) , (NP-SBJ-1 it) (VP is (VP loaded (NP *-1) (PP-CLR with (NP (NP rye , wheat and oats) (PP-LOC in (NP (NP sacks) (VP labeled (S (NP-SBJ *) `` (NP-PRD (NP Asbestos) . (S (NP-SBJ-2 *) (VP Made (NP *-2) (PP-LOC in (NP U.S.S.R))))))))))))) . '')) (TOP (S (NP-SBJ (NP The farmer) (PP-LOC at (NP the next truck))) (VP shouts , `` (NP Wheat)) !)) (TOP (S (NP-SBJ It) (VP 's (ADJP-PRD nice)) !)) (TOP (S (NP-SBJ It) (VP wo n't (VP be (ADJP-PRD cheaper))) !)) (TOP (S (NP-SBJ We) (VP sell (S-CLR (NP-SBJ *) (ADJP-PRD direct))) ! '')) (TOP (S (NP-SBJ A heavy , kerchiefed woman) (VP (VP runs (NP a handful) (PP-CLR through (NP her fingers))) , and (VP counts (NP him) (PRT out) (NP (NP a pile) (PP of (NP zlotys))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Country people) (VP breed (NP pigs))) , '' (VP says (S *T*-1)) (NP-SBJ-2 Mr. Chojnowski) , (S-ADV (NP-SBJ *-2) (VP leaning (PP-CLR against (NP (NP the back) (PP of (NP his truck)))))) .)) (TOP (S `` (NP-SBJ They) (VP ca n't (VP buy (NP feed) (PP from (NP the state)))) .)) (TOP (S (NP-SBJ There) (VP is n't (NP-PRD enough)) .)) (TOP (S (NP-SBJ-1 Some state middlemen) (VP come (S-PRP (NP-SBJ *-1) (VP to (VP buy (PP from (NP me)))))) .)) (TOP (S (NP-SBJ I) (VP sell -- (NP a little)) .)) (TOP (S (NP-SBJ I) (VP am (VP waiting)) .)) (TOP (S (NP-SBJ I) (VP have (NP plenty more) (PP-LOC at (NP home))) . '')) (TOP (S (PP-TMP On (NP this morning)) , (NP-SBJ he) (VP does n't (VP sell (NP much) (PP-LOC in (NP Radzymin)) , (ADVP either))) .)) (TOP (S (PP-TMP At (NP closing time)) , (NP-SBJ farmers) (VP cart (ADVP-CLR out) (NP (NP most) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ they) (VP carted (NP *T*-1) (ADVP-CLR in))))))) .)) (TOP (S (NP-SBJ (NP A private market) (PP like (NP this))) (ADVP just) (VP is n't (ADJP-PRD big enough (S (NP-SBJ *) (VP to (VP absorb (NP all that business)))))) .)) (TOP (S-1 (NP-SBJ (NP The hulk) (PP of (NP Stalinism))) (PRN , (S (NP-SBJ it) (VP seems (SBAR-PRD 0 (S *T*-1)))) ,) (VP will not (VP (ADVP-MNR quickly) crumble (PRT away))) .)) (TOP (S (NP-SBJ-1 State monopolies) (VP will (VP keep (ADVP-CLR on) (S (NP-SBJ *-1) (VP stifling (NP trade))) (PRN , `` (NP (NP free '' prices) or (NP not)) ,) (SBAR-TMP until (S (NP-SBJ something else) (VP replaces (NP them)))))) .)) (TOP (S (NP-SBJ Polish agriculture) (VP will (VP need (NP (NP (NP a whole private network) (PP of (NP procurement , processing and distribution))) -- plus (NP (NP a new manufacturing industry) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP supply (NP it) (PP-CLR with (NP tractors , pesticides , fertilizers and feed)))))))))) .)) (TOP (S (NP-SBJ-1 The Communists) (VP spent (NP 40 years) (S (NP-SBJ-2 *-1) (VP working (S-CLR (NP-SBJ *-2) (VP to (VP ensure (SBAR that (S (NP-SBJ no such capitalistic structures) (ADVP-TMP ever) (VP arose (ADVP-LOC here)))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Building (NP them) (ADVP-TMP now))) (VP will (VP require (NP (NP (NP undergirding) (PP from (NP the West))) , and (NP (NP (NP removal) (PP of (NP political deadwood))) , (NP (NP a job) (SBAR (WHNP-1 that) (S (NP-SBJ Solidarity) (VP has (ADVP barely) (VP started (NP *T*-1)))))))))) .)) (TOP (S But (NP-SBJ Polish agriculture) (VP does (VP possess (NP (NP one great asset) (NP *ICH*-1)) (ADVP-TMP already) : (NP-1 the private farmer))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ We) (VP are (VP dealing (PP-CLR with (NP real entrepreneurs))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Antoni Leopold) , (NP (NP an economist) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP advises (NP (NP Rural Solidarity) , (NP (NP the union 's) countryside offshoot))))))) .)) (TOP (S `` (S (NP-SBJ There) (VP are (NP-PRD (NP a lot) (PP of (NP them))))) , and (S (NP-SBJ they) (VP have (NP property))) . '')) (TOP (S (NP-SBJ-1 Polish peasants) , (S-ADV (NP-SBJ *-1) (VP spurning (NP the collectivizers))) , (VP were (ADVP-TMP once) (NP-PRD (NP a source) (PP of (NP shame)) (PP to (NP orthodox Communists)))) .)) (TOP (S (ADVP-TMP Now) , (PP among (NP Communist reformers)) , (NP-SBJ they) (VP are (NP-PRD (NP objects) (PP of (NP envy)))) .)) (TOP (S (NP-SBJ Food) (VP is (NP-PRD (NP (NP the reformer 's) top priority) , (NP (NP the key) (PP to (NP popular support))))) .)) (TOP (S (SBAR-ADV As (S (S (NP-SBJ the Chinese) (VP have (VP shown))) and (S (NP-SBJ the Soviets) (VP are (VP learning))))) , (NP-SBJ family farms) (VP thrive (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ collectives) (VP fail (ADVP-LOC *T*-1))))) .)) (TOP (S-1 (NP-SBJ Ownership) (PRN , (S (NP-SBJ it) (VP seems (SBAR 0 (S *T*-1)))) ,) (VP is (NP-PRD the best fertilizer)) .)) (TOP (S (NP-SBJ The Poles) (VP have (VP had (NP it) (ADVP-TMP all along))) .)) (TOP (S (NP-SBJ (NP Poland 's) (QP 2.7 million) small private farms) (VP cover (NP (NP 76 %) (PP of (NP its arable land)))) .)) (TOP (S (PP-LOC On (NP it)) , (NP-SBJ (NP a quarter) (PP of (NP (NP the country 's) (QP 39 million) people))) (VP produce (NP (NP (NP three-quarters) (PP of (NP its grain , beef , eggs and milk))) , and (NP (NP nine-tenths) (PP of (NP its fruit , vegetables and potatoes))))) .)) (TOP (S (PP Like (NP the Roman Catholic Church)) , (NP-SBJ the Polish peasant) (VP is (NP-PRD (NP a pillar) (PP of (NP the nation)))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Try (SBAR as (S (NP-SBJ they) (VP might (VP *?*)))))) , (NP-SBJ-1 the Communists) (VP could (VP neither replace nor break (NP him))) .)) (TOP (S And (NP-SBJ they) (VP did (VP try (VP *?*))) .)) (TOP (S (PP-LOC (NP A few miles) past (NP Radzymin)) , (NP-SBJ a dirt road) (VP (VP narrows (PP-DIR to (NP (NP a track) (PP of (NP sand))))) and (VP leads (PP-DIR into (NP (NP Zalubice) , (NP (NP a village) (PP of (NP tumbledown farms))))))) .)) (TOP (S (NP-SBJ Czeslaw Pyszkiewicz) (VP owns (NP (NP 30 acres) (PP-LOC in (NP 14 scattered scraps)))) .)) (TOP (S (NP-SBJ He) (VP grows (NP rye and potatoes) (PP-PRP for (NP (NP a few hens) , (NP five cows) and (NP 25 piglets)))) .)) (TOP (S (PP-LOC In (NP (NP patched pants) and (NP torn shoes))) , (NP-SBJ-1 he) (VP stands (PP-LOC in (NP his barnyard)) (S-ADV (NP-SBJ *-1) (VP eyeing (NP the ground) (PP with (NP (NP a look) (ADJP both helpless and sardonic)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD bad soil))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (PP-TMP Until (NP 1963)) , (NP-SBJ it) (VP was (NP-PRD good soil)) .)) (TOP (S Then (NP-SBJ the state) (VP put (PRT in) (NP-1 a reservoir) (S-PRP (NP-SBJ *-1) (VP to (VP supply (NP the area) (PP-CLR with (NP drinking water)))))) .)) (TOP (S (NP-SBJ Farmers) (VP lay (ADVP-CLR down) (PP-LOC before (NP the bulldozers))) .)) (TOP (S (NP-SBJ-1 Their protest) (VP was (VP ignored (NP *-1))) .)) (TOP (S (NP-SBJ The dam) (VP caused (S (NP-SBJ the water level) (VP to (VP drop (PP-LOC in (NP Zalubice)))))) .)) (TOP (S (S (NP-SBJ Mr Pyszkiewicz) (VP smiles)) and (S (NP-SBJ his brow) (VP furrows)) .)) (TOP (S (NP-SBJ He) (VP expected (NP as much)) .)) (TOP (S (PP-TMP In (NP (NP his lifetime) , (NP 47 years) ,)) (NP-SBJ the Communists) (VP (VP brought (NP electricity) (PP-DIR to (NP his village))) and (VP piped (PRT in) (NP drinking water) (PP-DIR from (NP the reservoir)))) .)) (TOP (NP No phones .)) (TOP (NP No gas .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP wanted (S (NP-SBJ them) (VP to (VP build (NP a road) (ADVP-LOC here)))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ They) (VP (VP started) , and then (VP abandoned (NP it))) . '')) (TOP (S (NP-SBJ (NP A tractor) , (NP his only mechanized equipment) ,) (VP stands (PP-LOC-CLR in (NP (NP front) (PP of (NP the pigsty))))) .)) (TOP (S `` (NP-SBJ It) (VP 's (ADJP-PRD Russian)) .)) (TOP (FRAG (ADJP Good (PP for (NP nothing))) .)) (TOP (S (NP-SBJ Parts) (VP are (NP-PRD a tragedy)) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ I) (VP had (NP (NP a lot) (PP of (NP money)))))) , (NP-SBJ I) (VP could n't (VP buy (SBAR-NOM (WHNP-1 what) (S (NP-SBJ I) (VP need (NP *T*-1)))))) . '')) (TOP (S (NP-SBJ The farmer) (VP can (VP say (NP the same) (PP for (NP (NP coal) , (NP cement) , (NP saw blades))))) .)) (TOP (S (S (PP-LOC In (NP Poland)) , (NP-SBJ (NP (QP only 4) %) (PP of (NP all investment))) (VP goes (PP-DIR toward (S-NOM (NP-SBJ *) (VP making (NP (NP things) (SBAR (WHNP-1 0) (S (NP-SBJ farmers) (VP want (NP *T*-1)))))))))) ; (S (PP-LOC in (NP the West)) , (NP-SBJ it) (VP is (NP-PRD (QP closer to 20) %))) .)) (TOP (S (NP-SBJ The few big state farms) (VP take (NP-CLR first crack) (PP-CLR at (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 *T*-1) (VP does (VP get (VP made (NP *-2)))))))) .)) (TOP (S (NP-SBJ They) (VP use (NP (NP (NP (QP 60 % more) fertilizer) (PP per (NP acre))) , (NP twice the high-grade feed))) .)) (TOP (S Yet (NP-SBJ their best boast) (VP is (SBAR-PRD that (S (NP-SBJ they) (VP produce (NP (NP 32 %) (PP of (NP Polish pork))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP 've (VP heard (PP from (NP friends)) (SBAR that (S (NP-SBJ-1 state farms) (VP are (VP subsidized (NP *-1)))))))) , '' (NP-SBJ Mr. Pyszkiewicz) (VP says (S *T*-2) (SBAR-TMP as (S (NP-SBJ (NP his wife) , (NP Wieslawa) ,) (VP sets (NP some chairs) (PRT out) (PP-LOC in (NP the sun)))))) .)) (TOP (S `` (NP-SBJ We) (VP have (NP one) (PP-LOC near (NP here))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP a lot) (PP of (NP waste)))) .)) (TOP (S (NP-SBJ A private farmer) (ADVP-TMP never) (VP wastes (NP anything)) . '')) (TOP (S (NP-SBJ-1 The state) (VP quit (S (NP-SBJ *-1) (VP shoving (NP peasants) (PP-DIR onto (NP its subsidized farms)))) (ADVP-TMP (NP (QP over 30) years) ago)) .)) (TOP (S But (NP-SBJ it) (ADVP-TMP never) (VP did (VP let (PRT up) (PP-CLR on (NP the pressure)))) .)) (TOP (S (PP-TMP Until (NP recently)) , (NP-SBJ-1 (NP a farmer) (PP with (NP no heir))) (VP had (S (NP-SBJ *-1) (VP to (VP will (NP the state) (NP his land)))) (S-PRP (NP-SBJ *-1) (VP to (VP collect (NP his pension))))) .)) (TOP (S (NP-SBJ (NP The pension 's) size) (ADVP-TMP still) (VP depends (PP-CLR on (SBAR-NOM (WHADVP-1 how much produce) (S (NP-SBJ he) (VP sells (NP the state) (ADVP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP His allotment) (PP of (NP materials))) (ADVP also) (VP did (VP *?*) , (SBAR-TMP until (S (NP-SBJ the state) (VP could n't (VP hold (ADVP-CLR up) (NP (NP its end) (PP of (NP that bargain)))))))) .)) (TOP (S Yet (NP-SBJ (NP the state) (ADVP alone)) (VP sells (NP seeds and machines)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ supplies) (VP are (ADJP-PRD short) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (ADVP-TMP often) (VP hands (NP them) (ADVP-CLR over) (PP (ADVP only) in (NP (NP exchange) (PP for (NP milk or grain))))) .)) (TOP (S (NP-SBJ-1 (NP A private farmer) (PP-LOC in (NP Poland))) (VP is (ADJP-PRD free (S (NP-SBJ *-1) (VP to (VP (VP buy and sell (NP land)) , (VP hire (NP help)) , (VP decide (NP (SBAR-NOM (WHNP-2 what) (S (NP-SBJ *) (VP to (VP grow (NP *T*-2))))) and (SBAR-NOM (WHADVP-3 how) (S (NP-SBJ *) (VP to (VP grow (NP it) (ADVP-MNR *T*-3)))))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP is (ADJP-PRD free (S (NP-SBJ *-1) (VP (VP to (VP invest (PP-CLR in (NP chickens)))) , and (VP to (VP fail (PP for (NP (NP lack) (PP of (NP chicken wire)))))))))) .)) (TOP (S (NP-SBJ He) (VP has (NP (NP (NP plenty) (PP of (NP freedom))) -- but (NP no choices))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 'm (PP-LOC-PRD on (NP my own land)))) , '' (NP-SBJ Mr. Pyszkiewicz) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ-1 I) (VP do n't (VP have (S (NP-SBJ *-1) (VP to (VP listen (PP-CLR to (SBAR-NOM (WHNP-2 what) (S (NP-SBJ anybody) (VP tells (S (NP-SBJ me) (VP to (VP do (NP *T*-2))))))))))))) . '')) (TOP (S-1 `` (ADVP-TMP Sometimes) (PRN , '' (SINV (VP says (S *T*-1)) (NP-SBJ his wife)) , ``) (NP-SBJ we) (VP 're (ADJP-PRD happy (PP about (NP that)))) . '')) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP starving (NP the peasant)))) , (NP-SBJ-1 the Communists) (VP have (VP starved (NP Poland))) .)) (TOP (S (NP-SBJ (NP Villages) (PP like (NP Zalubice))) (VP exist (PP-LOC in (NP (NP a desert) (PP of (NP (NP poor schools) and (NP few doctors)))))) .)) (TOP (S (NP-SBJ Farm income) (VP is (PP-LOC-PRD (NP 15 %) below (NP the average))) .)) (TOP (S (NP-SBJ (NP The young) (NP *ICH*-1)) (VP leave , (NP-1 (NP especially girls) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP wo n't (VP milk (NP cows) (PP-MNR by (NP hand)))))))) .)) (TOP (S (S (NP-SBJ Some men) (VP stay , (S-ADV (NP-SBJ their best friend) (NP-PRD (NP a bottle) (PP of (NP vodka)))))) , but (S (NP-SBJ two million acres) (VP have (VP gone (ADJP-PRD fallow)))) .)) (TOP (S (PP Without (NP machines)) , (NP-SBJ good farms) (VP ca n't (VP get (ADJP-PRD bigger))) .)) (TOP (S So (NP-SBJ (NP the potato crop) , (ADVP-TMP once) (NP (QP 47 million) tons) ,) (VP is (ADVP-PRD down (PP to (NP 35 million)))) .)) (TOP (S (S (NP-SBJ-1 Meat consumption) (VP is (PP-LOC-PRD-2 at (NP (NP 1979 's) level)))) , (S (NP-SBJ=1 pork production) (PP-LOC-PRD=2 at (NP 1973 's))) , (S (NP-SBJ=1 milk output) (PP-LOC-PRD=2 at (NP 1960 's))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ a food crisis) (VP undid (NP the Communists)))) , (NP-SBJ a food revolution) (VP will (VP make (NP Solidarity))) .)) (TOP (S (NP-SBJ-1 The potential) (VP is (VP displayed (NP *-1) (PP-LOC along (NP (NP every road) (PP into (NP Warsaw)))) : (S-ADV (NP-SBJ (NP row) (PP upon (NP row)) (PP of (NP greenhouses))) , (VP stretching (PRT out) (PP-LOC behind (NP (NP modern mansions) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP trumpet (NP (NP their owners ') wealth)))))))))) .)) (TOP (S (S (NP-SBJ-1 Vegetables) (VP are (ADJP-PRD-2 (ADJP abundant) and (ADJP full (PP of (NP flavor)))) (PP-LOC in (NP Poland)))) , (S (NP-SBJ=1 the pickles and sauerkraut) (ADJP-PRD=2 sublime)) , (S (NP-SBJ=1 the state monopolies) (ADJP-PRD=2 long broken)) .)) (TOP (S (NP-SBJ Grain , milk and meat) (VP come (ADVP-TMP next)) .)) (TOP (S (NP-SBJ (NP A private challenge) (PP to (NP the monolithic tractor industry))) (VP will (VP take (NP (NP more time and money) (SBAR than (S (NP-SBJ Poland) (VP can (VP spare (NP *?*)))))) , (SBAR-ADV although (S (NP-SBJ (NP a smokehouse) or (NP a local dairy)) (VP can (VP spring (ADVP-CLR up) (ADVP-MNR fast))))))) .)) (TOP (S (NP-SBJ Poland) (VP makes (NP (NP no machinery) (PP for (NP (NP a plant) (PP on (NP that scale)))))) .)) (TOP (S (NP-SBJ Solidarity) (VP wants (NP it) (PP-DIR-CLR from (NP the West))) .)) (TOP (S (S (NP-SBJ (NP Maria Stolzman) , (NP (NP one) (PP of (NP its farm experts))) ,) (VP lays (NP it) (PP-LOC-CLR on (NP the line)))) : `` (S (NP-SBJ-1 The World Bank) (VP will (VP be (VP brought (NP *-1) (ADVP-CLR in) (S-PRP (NP-SBJ *-1) (VP to (VP help (S (NP-SBJ us) (VP destroy (NP the old system)))))))))) . '')) (TOP (S (NP-SBJ Felix Siemienas) (VP is (VP destroying (NP it) (ADVP-TMP now))) .)) (TOP (S (NP-SBJ He) (VP packs (NP pork)) .)) (TOP (S (NP-SBJ (NP A law) (SBAR *ICH*-1)) (VP went (PP-DIR-CLR on (NP the books)) (PP-TMP in (NP January)) (SBAR-1 (WHNP-2 that) (S (NP-SBJ *T*-2) (VP let (S (NP-SBJ-3 him) (VP smoke (NP bacon) (PP without (S-NOM (NP-SBJ *-3) (VP breeding (NP pigs)))))))))) .)) (TOP (S (NP-SBJ He) (VP cashed (PRT in)) .)) (TOP (S (NP-SBJ Poland) (VP is (ADJP-PRD short (PP on (NP (NP enterprises) , not (NP enterprise))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP (VP pay (NP-2 a lot) (PP-CLR-3 to (NP the farmer))) and (VP (NP=2 (QP five times) the state salary) (PP-CLR=3 to (NP my employees))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ-1 He) (VP is (PP-LOC-PRD in (NP Warsaw)) (S-PRP (NP-SBJ *-1) (VP to (VP open (NP a shop))))) .)) (TOP (S `` (S (NP-SBJ I) (VP hire (NP transportation))) , and (S (NP-SBJ my customers) (VP have (NP fresh cold cuts) (NP-TMP every day))) .)) (TOP (S (NP-SBJ I) (VP do n't (VP subsidize (NP anyone))) .)) (TOP (S (NP-SBJ (NP Everyone) (PP-LOC around (NP me))) (VP lives (ADVP-MNR well)) .)) (TOP (S (INTJ Yes) , (NP-SBJ my prices) (VP are (ADJP-PRD high)) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ nobody) (VP buys))) , (NP-SBJ I) (VP bring (NP my prices) (ADVP-DIR-CLR down)) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD the rule)) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD the market)) . '')) (TOP (S (S-TPC-1 (NP-SBJ Mr. Siemienas) (VP is (VP making (NP (NP a fortune) -- (NP (NP $ 10,000 *U*) (NP-ADV a month)))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP has (VP bought (NP (NP some trendy Western clothes) , and (NP (NP a green Mercedes) (PP with (NP (NP an American flag) (PP-LOC in (NP the window)))))))) .)) (TOP (S But (NP-SBJ (NP the meat-processing machines) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP picked (NP *T*-1) (PRT up))))) (VP are (ADJP-PRD (NP 50 years) old)) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP want (NP expensive machines))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the situation) (VP changes))) , (NP-SBJ-1 I) (VP 'll (VP get (VP stuck (NP *-1) (PP-CLR with (NP them))))) . '')) (TOP (S (NP-SBJ That) (VP 's (NP-PRD politics)) .)) (TOP (S (SBAR-MNR By (S-NOM (NP-SBJ *) (VP taking (NP (NP power) (PP-LOC in (NP (NP a deal) (PP with (NP (NP the Peasant Party 's) onetime Communist stooges)))))))) , (NP-SBJ Solidarity) (VP has (VP spooked (NP the rural entrepreneur))) .)) (TOP (S (NP-SBJ Rural Solidarity) (VP objected , (PP to (NP no avail)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Solidarity leader Lech Walesa) (VP accepted (NP (NP the Peasants ') support) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ It) (VP objected (ADVP-TMP again) (PP-TMP in (NP September)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Prime Minister Tadeusz Mazowiecki) (VP (ADVP-MNR reluctantly) named (NP a Peasant Party man) (PP-CLR as (NP his agriculture minister)) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ Both (NP the Peasants) and (NP Rural Solidarity)) (VP are (VP forming (NP (NP new political parties) (PP for (NP farmers))))) .)) (TOP (S (NP-SBJ The Peasants) (VP can (VP make (NP (NP a credible case (SBAR *ICH*-1)) , (PP against (NP Solidarity)) , (SBAR-1 that (S (NP-SBJ hell-bent reform) (VP will (VP drive (NP millions) (PP-DIR from (NP the land))))))))) .)) (TOP (S (NP-TMP Next Spring) , (NP-SBJ the two) (VP will (VP battle (PP-LOC in (NP local elections)))) .)) (TOP (S But (PP-TMP until (NP then)) (PRN , and (ADVP probably) (ADVP-TMP long afterward) ,) (NP-SBJ-2 (NP (NP the Communists ') apparat) (PP of (NP obstruction)) -- (PP (PP from (NP (NP the head) (PP of (NP the dairy co-op)))) (PP to (NP the village bank manager))) --) (VP will (VP stay (S (NP-SBJ-1 *-2) (VP planted (NP *-1) (PP-LOC-CLR in (NP the Polish countryside)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP know (SBAR (WHADVP-2 how) (S (NP-SBJ *) (VP to (VP get (PP-DIR from (NP capitalism)) (PP-DIR to (NP socialism)) (ADVP-MNR *T*-2))))))) , '' (NP-SBJ Sergiusz Niciporuk) (VP is (VP saying (S *T*-1) (NP-TMP one afternoon))) .)) (TOP (S `` (NP-SBJ We) (VP do n't (VP know (SBAR (WHADVP how) (S (NP-SBJ *) (VP to (VP get (PP-DIR from (NP socialism)) (PP-DIR to (NP capitalism)))))))) . '')) (TOP (S (NP-SBJ He) (VP farms (NP (NP 12 acres) (PP-LOC in (NP (NP Grabowiec) , (PP-LOC (NP two miles) from (NP the Soviet border)) (PP-LOC in (NP (NP one) (PP of (NP (NP Poland 's) poorest places)))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ he) (VP is (VP mounting (NP (NP the steps) (PP of (NP (NP a stucco building) (PP-LOC in (NP a nearby village))))) , (PP on (NP (NP a visit) (PP to (NP (NP the Communist administrator) , (NP the `` naczelnik))))))) . '')) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP Many people) (PP-LOC in (NP Poland))) (VP hope (SBAR 0 (S (NP-SBJ this government) (VP will (VP break (PRT down))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Niciporuk) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP belongs (PP-CLR (PP to (NP the local council)) and (PP to (NP Rural Solidarity))))))) .)) (TOP (S `` (NP-SBJ That) (VP 's (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ the naczelnik) (VP counts (PRT on) (NP *T*-1))))) .)) (TOP (S (NP-SBJ He) (VP is (NP-PRD our (ADJP most dangerous) enemy)) .)) (TOP (S (NP-TMP (NP Every time) (SBAR (WHADVP-1 0) (S (NP-SBJ he) (VP sees (NP me) (ADVP-TMP *T*-1))))) , (NP-SBJ he) (VP gets (ADJP-PRD very nervous)) . '')) (TOP (S (NP-SBJ The farmer) (VP barges (PP-DIR into (NP (NP the naczelnik 's) office))) .)) (TOP (S (NP-SBJ (NP A thin man) (PP in (NP a gray suit))) (VP looks (ADVP-DIR up) (PP-CLR from (NP a newspaper))) .)) (TOP (S (NP-SBJ Mr. Niciporuk) (VP sits) .)) (TOP (S (NP-SBJ-1 (NP Anatol Pawlowski 's) leg) (VP begins (S (NP-SBJ *-1) (VP jiggling (PP-LOC beneath (NP his desk))))) .)) (TOP (S `` (S (NP-SBJ Solidarity) (VP does n't (VP care (PP-CLR for (NP (NP the good) (PP of (NP this region))))))) , '' (NP-SBJ he) (VP says (PP-TMP after (NP a few pleasantries))) .)) (TOP (S `` (NP-SBJ-1 They) (VP want (S (NP-SBJ *-1) (VP to (VP turn (NP everything) (ADVP-CLR upside down) (PP-TMP in (NP a week)))))) .)) (TOP (S (NP-SBJ (NP Mr. Niciporuk) (ADVP-LOC here)) (VP wants (NP (NP 60 acres) (VP used (NP *) (PP-TMP at (NP the moment)) (PP by (NP-LGS a state farm))))) .)) (TOP (S (NP-SBJ He) (VP ca n't (VP guarantee (SBAR that (S (NP-SBJ he) (VP can (VP use (NP it) (ADVP-MNR any better))))))) . '')) (TOP (S `` (NP-SBJ-2 I) (VP am (ADJP-PRD ready (S *ICH*-1)) (PP-TMP at (NP any moment)) (S-1 (NP-SBJ *-2) (VP to (VP compete (PP-CLR with (NP a state farm)))))) . '')) (TOP (S (NP-SBJ The naczelnik) (VP averts (NP his eyes)) .)) (TOP (SBARQ `` (WHNP-1 What) (SQ have (NP-SBJ you) (VP got (NP *T*-1))) ?)) (TOP (NP Not even a tractor .)) (TOP (S And (NP-SBJ-1 you) (VP want (S (NP-SBJ *-1) (VP to (VP make (NP wicker baskets) , (ADVP too))))) . '')) (TOP (S `` (NP-SBJ-1 I) (VP can (VP do (NP five things) (PP-TMP at (NP once)) -- (S-PRP (NP-SBJ *-1) (VP to (VP be (NP-PRD a businessman)))))) . '')) (TOP (S `` (NP-TPC-1 Big business) , '' (NP-SBJ Mr. Pawlowski) (VP snorts (NP *T*-1) (PP in (NP English))) .)) (TOP (S (NP-SBJ-1 The farmer) (VP stands (S-CLR (NP-SBJ *-1) (VP to (VP go)))) .)) (TOP (S (NP-SBJ The naczelnik) (VP stands , (ADVP too)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP care (ADVP-MNR very much) (PP-CLR for (NP this post)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-TMP Eight years) (NP-SBJ I) (VP 've (VP had (NP it))) .)) (TOP (S (NP-SBJ-1 (NP A cultural center) (NP *ICH*-2)) (VP has (VP been (VP built (NP *-1) , (NP-2 shops)))) .)) (TOP (S (ADVP-TMP Suddenly) , (NP-SBJ I) (VP am not (NP-PRD a comfortable man) (PP for (NP Solidarity))) .)) (TOP (S (NP-SBJ I) (VP have (VP accomplished (NP too much))) .)) (TOP (S (NP-SBJ-1 They) (VP want (S (NP-SBJ *-1) (VP to (VP do (NP more))))) .)) (TOP (S (NP-SBJ I) (VP wish (NP them) (NP all the best)) ! '')) (TOP (S (NP-SBJ The farmer) (VP leaves) .)) (TOP (S And (NP-SBJ the naczelnik) (VP shuts (NP his door)) .)) (TOP (S (NP-SBJ The House) (VP approved (NP (NP a short-term spending bill) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP (VP keep (S (NP-SBJ the government) (VP operating)) (PP-TMP through (NP Nov. 15))) and (VP provide (NP (NP (QP $ 2.85 billion) *U*) (PP in (NP emergency funds))) (S-PRP (NP-SBJ *) (VP to (VP assist (PP-CLR in (NP (NP the recovery) (PP from (NP (NP Hurricane Hugo) and (NP the California earthquake))))))))))))))) .)) (TOP (S (S (NP-SBJ The 321-99 roll call vote) (VP reflected (NP (NP broad support) (PP for (NP the disaster assistance))))) , but (S (NP-SBJ-1 (NP the cost) (PP to (NP the Treasury))) (VP is (ADJP-PRD sure (S (NP-SBJ *-1) (VP to (VP aggravate (NP budget pressures) (NP-TMP this year and next) (PP-LOC under (NP the Gramm-Rudman deficit reduction law)))))))) .)) (TOP (S (S (PP-EXT By (NP a lopsided 401-18 margin)) , (NP-SBJ the chamber) (VP rejected (NP an effort (S (NP-SBJ *) (VP to (VP waive (NP Gramm-Rudman) (PP-PRP for (NP (NP purposes) (PP of (S-NOM (NP-SBJ *) (VP addressing (NP the two disasters)))))))))))) , and (S (NP-SBJ budget analysts) (VP estimate (SBAR 0 (S (NP-SBJ the increased appropriations) (VP will (VP widen (NP the fiscal 1990 deficit) (PP-EXT by (NP (QP at least $ 1.44 billion) *U*)) (SBAR-ADV unless (S (NP-SBJ-19 (NP offsetting spending cuts) or (NP new revenues)) (VP are (VP found (NP *-19) (PP by (NP-LGS Congress)))))))))))) .)) (TOP (S (S (NP-SBJ The budget impact) (VP will (VP be (ADJP-PRD greater still) (PP-TMP in (NP fiscal 1991))))) , and (S (NP-SBJ the issue) (VP forced (NP (NP a confrontation) (PP between (NP (NP the Appropriations Committee leadership) and (NP (NP Budget Committee Chairman Leon Panetta) , (SBAR (WHNP-1 whose California district) (S (NP-SBJ *T*-1) (VP was (PP-LOC-PRD at (NP (NP the center) (PP of (NP (NP the earthquake) (NP-TMP last week)))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Going (PP-DIR to (NP (NP the well) (PP of (NP the chamber)))))) , (NP-SBJ-1 Mr. Panetta) (VP demanded (SBAR 0 (S (NP-SBJ-2 the costs) (VP be (VP (ADVP-MNR fully) counted (NP *-2)))))) .)) (TOP (S (NP-SBJ His prominent role) (VP put (NP him) (PP-PUT in (NP (NP the awkward position) (PP of (S-NOM (NP-SBJ *) (VP challenging (NP (NP the very committee members) (SBAR (WHPP-1 on (WHNP whom)) (S (NP-SBJ his state) (VP will (VP be (ADJP-PRD most dependent (PP *T*-1)) (PP-TMP in (NP (NP the months) (ADVP-TMP ahead)))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 We) (VP do not (VP come (PP-DIR to (NP this House)) (S-ADV (NP-SBJ *-1) (VP asking (PP-CLR for (NP any handout))))))) , '' (VP said (S *T*-2)) (NP-SBJ the California Democrat) .)) (TOP (S `` (NP-SBJ-1 We) (VP do not (VP intend (S (NP-SBJ *-1) (VP to (VP hide (NP these costs) (PP-CLR from (NP the American people))))))) . '')) (TOP (S (NP-SBJ The (ADJP (QP $ 2.85 billion) *U*) package) (VP incorporates (NP (NP (NP (QP $ 500 million) *U*) (PP for (NP low-interest disaster loans))) , (NP (NP (QP $ 1 billion) *U*) (PP in (NP highway construction funds))) , and (NP (NP (QP $ 1.35 billion) *U*) (VP divided (NP *) (PP-CLR between (NP (NP general emergency assistance) and (NP (NP a reserve) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP be (ADJP-PRD available (PP to (NP President Bush)) (S (NP-SBJ *-2) (VP to (VP meet (NP (NP unanticipated costs) (PP from (NP the two disasters)))))))))))))))))) .)) (TOP (S (NP-SBJ The funds) (VP are (PP-PRD in (NP (NP addition) (PP to (NP (NP (QP $ 1.1 billion) *U*) (VP appropriated (NP *) (NP-TMP last month) (S-PRP (NP-SBJ *) (VP to (VP assist (PP-CLR in (NP (NP the recovery) (PP from (NP Hugo)))))))))))) , (S-ADV (NP-SBJ *) (VP bringing (NP (NP the total) (PP for (NP the two disasters))) (PP-DIR to (NP (NP (QP nearly $ 4 billion) *U*) (PP in (NP unanticipated spending))))))) .)) (TOP (S (PP-PRP Because of (NP (NP the vagaries) (PP of (NP Gramm-Rudman)))) , (NP-SBJ the immediate impact) (VP is (ADJP-PRD relatively small)) .)) (TOP (S But (NP-SBJ the appropriations) (VP set (PP-CLR in (NP motion)) (NP (NP spending) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP adds (PP-CLR to (NP (NP an (ADJP already grim) budget picture) (PP for (NP fiscal 1991))))))))) .)) (TOP (S (PP-LOC Within (NP the appropriations process)) , (NP-SBJ the situation) (VP is (ADJP-PRD (ADVP even more) difficult) (SBAR-PRP since (S (NP-SBJ-1 the costs) (VP will (VP be (VP counted (NP *-1) (PP-CLR against (NP (NP (NP the share) (PP of (NP funds))) (SBAR (WHNP-4 0) (S (NP-SBJ-2 *T*-4) (VP to (VP be (VP allocated (NP *-2) (PP-CLR to (NP (NP those subcommittees) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (ADVP-TMP recently) (VP have (VP had (NP (NP the greatest difficulty) (PP in (S-NOM (NP-SBJ *) (VP staying (PP-LOC-CLR within (NP the budget))))))))))))))))))))))))) .)) (TOP (S (S (NP-SBJ-2 (NP The underlying bill) (VP approved (NP *) (NP-TMP yesterday))) (VP is (VP required (NP *-2) (S-PRP (NP-SBJ *) (VP to (VP keep (S (NP-SBJ the government) (VP operating (PP-TMP past (NP (NP midnight) (NP-TMP tonight))))))))))) , and (S (NP-SBJ this urgency) (VP has (VP contributed (PP-CLR to (NP (NP (NP the speed) -- and (PRN , (S (NP-SBJ critics) (VP say (SBAR 0 (S *?*)))) ,) (NP mistakes) --) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP accompanied (NP (NP the package) (PP of (NP disaster assistance)))))))))))) .)) (TOP (S (NP-SBJ-2 The hastily drafted measure) (VP could (VP hurt (NP California) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP requiring (S (NP-SBJ it) (VP to (VP put (PRT up) (NP (NP more matching funds) (PP for (NP emergency highway assistance)) (SBAR than (S (NP-SBJ-1 *) (ADVP otherwise) (VP would (VP be (VP required (NP *-1))))))))))))))) .)) (TOP (S And (NP-SBJ (NP the state 's) delegation) (VP is (ADJP-PRD fearful (SBAR that (S (NP-SBJ-1 the new funding) (VP will (VP be (VP counted (NP *-1) (PP-CLR against (NP (NP (NP a separate (QP $ 185 million) *U*) (PP in (NP federal highway funds))) (SBAR (WHNP-2 0) (S (NP-SBJ-3 it) (VP would (VP expect (S (NP-SBJ *-3) (VP to (VP receive (NP *T*-2) (PP-LOC under (NP its normal allocation)) (NP-TMP this year))))))))))))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ (NP the high price) (PP of (NP San Francisco real estate))) (VP puts (NP the state) (PP-CLR at (NP (NP odds) (PP with (NP (NP federal regulations) (ADJP more attuned (PP to (NP the national average)))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP disaster loans) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP go (PP-DIR to (NP (NP small businesses) and (NP homeowners))))))) ,) (VP offer (NP (NP credit) (ADJP as low (PP as (NP 4 %)))) (PP-LOC in (NP some cases))) .)) (TOP (S But (NP-SBJ the San Francisco delegation) (VP finds (S (NP-SBJ itself) (VP asking (SBAR that (S (NP-SBJ-1 (NP the cap) (PP per (NP household))) (VP be (VP lifted (NP *-1) (PP-DIR to (NP $ 500,000 *U*)) (PP-DIR from (NP $ 100,000 *U*)) (S-PRP (NP-SBJ *) (VP to (VP assist (NP the (ADJP (ADJP hard hit) but often (ADJP wealthy)) Marina district))))))))))) .)) (TOP (S (S (NP-SBJ-1 The Senate) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP make (NP some modifications) (NP-TMP today))))))) , but (S (NP-SBJ-2 both (NP the White House) and (NP Congress)) (VP appear (ADJP-PRD most anxious (S (NP-SBJ *-2) (VP to (VP speed (NP final approval) (PP-TMP before (NP (NP tonight 's) deadline)))))))) .)) (TOP (S (S (NP-SBJ Administration pressure) (VP discourages (NP any effort (S (NP-SBJ *) (VP to (VP add (PP-DIR to (NP total funding)))))))) , and (S (NP-SBJ-1 the Senate changes) (VP are (VP expected (S (NP-SBJ-3 *-1) (VP to (VP be (ADJP-PRD largely technical) -- (S-ADV (NP-SBJ-2 *-3) (VP (VP dealing (PP-CLR with (NP highway aid))) and (VP lifting (NP (NP the ceiling) (PP on (NP total Small Business Administration loans))) (PP-DIR to (NP (QP $ 1.8 billion) *U*)) (S-PRP (NP-SBJ *-2) (VP to (VP accommodate (NP (NP the increased activity) (VP expected (NP *))))))))))))))) .)) (TOP (S (NP-SBJ (NP Yesterday 's) floor action) (VP came (SBAR-TMP as (S (NP-SBJ a House-Senate conference) (VP approved (NP (NP a (ADJP (QP nearly $ 8.5 billion) *U*) fiscal 1990 military construction bill) , (VP (VP representing (NP (NP a (ADJP 5 %) reduction) (PP from (NP-TMP last year)))) and (VP making (NP (NP severe cuts) (PP from (NP (NP Pentagon requests) (PP for (NP (NP installations) (ADVP-LOC abroad))))))))))))) .)) (TOP (S (NP-SBJ-1 An estimated (QP $ 25.8 million) *U*) (VP is (VP allocated (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP continue (NP (NP work) (PP-LOC in (NP Oman)))))))) .)) (TOP (S But (S (NP-SBJ-1 (NP all funding) (PP *ICH*-3)) (VP is (VP cut (NP *-1) (PP-3 for (NP the Philippines))))) , and (S (NP-SBJ-2 (NP projects) (PP-LOC in (NP South Korea))) (VP are (VP cut (NP *-2) (PP-CLR to (NP (NP (QP $ 13.6 million) *U*) , or (NP (NP less) (PP than (NP (NP a sixth) (PP of (NP (NP the administration 's) request)))))))))) .)) (TOP (S (ADVP-LOC Closer (PP to (NP home))) , (NP-SBJ the negotiators) (VP were (ADJP-PRD more generous)) .)) (TOP (S (NP-SBJ-1 An estimated (QP $ 38.9 million) *U*) (VP was (VP set (NP *-1) (ADVP-LOC-CLR aside) (PP-PRP for (NP (NP military installations) (PP-LOC in (NP (NP the home state) (PP of (NP (NP North Carolina Rep. W.G. Hefner) , (NP the House chairman))))))))) .)) (TOP (S And (NP-SBJ (QP $ 70.2 million) *U*) (VP would (VP go (PP-DIR to (NP (NP (NP projects) (PP-LOC in (NP Tennessee))) (VP represented (NP *) (PP by (NP-LGS (NP his Senate counterpart and fellow Democrat) , (NP Sen. James Sasser)))))))) .)) (TOP (S (S (NP-SBJ Texas and California) (VP are (ADJP-PRD traditionally powerful) (PP-LOC within (NP the conference)))) , but (SINV (ADJP-PRD-TPC-1 equally striking) (VP is (ADJP-PRD *T*-1)) (NP-SBJ (NP the dominance) (PP of (NP (NP Alaska) , (NP Pennsylvania) and (NP West Virginia)))) (PP-PRP because of (NP (NP their power) (ADVP-LOC elsewhere (PP in (NP the appropriations process)))))) .)) (TOP (S (NP-SBJ (NP Senate Appropriations Committee Chairman Robert Byrd) (PRN -LRB- (NP D.) , (NP W.Va .) -RRB-)) (ADVP even) (VP added (NP (NP report language) (VP listing (NP (NP (QP $ 49.4 million) *U*) (PP in (NP (NP projects) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP wants (S (NP-SBJ *T*-1) (PP-LOC-PRD in (NP the budget)) (NP-TMP next year))))))))))) .)) (TOP (S (NP-SBJ No individual) (VP illustrated (NP (NP this mix) (PP of (NP power))) (ADVP-EXT (ADVP more) (PP *ICH*-2)) (NP-TMP yesterday) (PP-2 than (NP (NP Sen. Daniel Inouye) (PRN -LRB- (NP D.) , (NP Hawaii) -RRB-) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP chairs (NP the Senate defense subcommittee))))))) .)) (TOP (S (PP-LOC In (NP the final trading)) , (NP-SBJ the House) (VP was (ADJP-PRD insistent (PP on (S-NOM (NP-SBJ *) (VP setting (ADVP-LOC-CLR aside) (NP (QP $ 500 million) *U*) (S-PRP (NP-SBJ *) (VP to (VP carry (PRT out) (NP (NP base closings) (VP ordered (NP-1 *) (S (NP-SBJ *-1) (VP to (VP begin (PP-TMP in (NP fiscal 1990))))))))))))))) .)) (TOP (S But (NP-SBJ it) (VP gave (NP ground) (PP-DTV to (NP Mr. Inouye)) (PP on (NP (NP (NP a number) (PP of (NP projects))) , (VP ranging (PP-DIR (PP from (NP (NP a (ADJP (QP $ 11 million) *U*) parking garage) (ADVP-LOC here))) , (PP to (NP (NP a land transfer) (PP-LOC in (NP Hawaii)))) , (PP to (NP a provision (S (NP-SBJ *) (VP to (VP assist (NP (NP the Makwah Indian Tribe) (PP-LOC in (NP Washington state))))))))))))) .)) (TOP (S (NP-SBJ The tribe) (VP is (NP-PRD (NP one) (PP of (NP (NP the poorest) (PP-LOC in (NP the Pacific Northwest)))))) .)) (TOP (S (NP-SBJ (NP Mr. Inouye) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP chairs (NP (NP the select committee) (PP on (NP Indian Affairs)))))) ,) (VP used (NP his power) (S-CLR (NP-SBJ *) (VP to (VP move (NP $ 400,000 *U*) (PP-DIR from (NP the Air Force)) (PP-DIR to (NP (NP the Bureau) (PP of (NP Indian Affairs)))) (S-PRP (NP-SBJ *) (VP to (VP assist (PP-CLR in (S-NOM (NP-SBJ *) (VP renovating (NP a decommissoned base) (S-PRP (NP-SBJ *) (VP to (VP accommodate (NP a drug and alcohol rehabilitation center)))))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-2 House-Senate negotiators) (VP have (VP (ADVP-MNR tentatively) agreed (PP-CLR on (NP a (ADJP (QP $ 3.18 billion) *U*) anti-drug and anti-crime intitiative)) , (S-ADV (NP-SBJ-1 *-2) (VP cutting (NP other federal spending) (NP-EXT 0.43 %) (S-PRP (NP-SBJ *-1) (VP to (VP pay (PP-CLR for (NP it))))))))) .)) (TOP (S (NP-SBJ-1 A formal House-Senate conference) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP ratify (NP the accord) (NP-TMP later this week)))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 Mobil Corp.) (VP is (VP preparing (S (NP-SBJ *-1) (VP to (VP slash (NP (NP the size) (PP of (NP (NP its work force) (PP-LOC in (NP the U.S.))))) , (ADVP possibly) (ADVP-TMP (ADVP as soon) (PP as (NP next month))))))))) , (VP say (SBAR 0 (S *T*-2))) (NP-SBJ (NP individuals) (ADJP familiar (PP with (NP (NP the company 's) strategy)))) .)) (TOP (S (S (NP-SBJ-3 (NP The size) (PP of (NP the cuts))) (VP is n't (VP known (NP *-3)))) , but (S (NP-SBJ-1 they) (VP 'll (VP be (VP centered (NP *-1) (PP-LOC-CLR in (NP (NP the exploration and production division) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD responsible (PP for (S-NOM (NP-SBJ *) (VP (VP locating (NP oil reserves)) , (VP drilling (NP wells)) and (VP pumping (NP (NP crude oil) and (NP natural gas)))))))))))))))) .)) (TOP (S (NP-SBJ-1 Employees) (VP have n't (ADVP-TMP yet) (VP been (VP notified (NP *-1)))) .)) (TOP (S (NP-SBJ Sources) (VP said (SBAR that (S (NP-SBJ-1 meetings (S (NP-SBJ *) (VP to (VP discuss (NP the staff reductions))))) (VP have (VP been (VP scheduled (NP *-1) (PP-CLR for (NP Friday)) (PP-LOC-CLR at (NP (NP Mobil offices) (PP-LOC in (NP (NP New Orleans) and (NP Denver))))))))))) .)) (TOP (S (NP-SBJ This) (VP would (VP be (NP-PRD (NP a second round) (PP of (NP (NP cuts) (PP by (NP (NP Mobil) , (SBAR (WHNP-1 which) (S (ADVP along (PP with (NP other oil producers and refiners))) (NP-SBJ *T*-1) (VP reduced (NP its work force) (PP-EXT by (NP (QP 15 % to 20 %) *U*)) (PP-TMP during (NP the mid-1980s)) (PP as (NP (NP part) (PP of (NP an industrywide shakeout)))))))))))))) .)) (TOP (S (NP-SBJ (NP Mobil 's) latest move) (VP could (VP signal (NP (NP the beginning) (PP of (NP (NP further reductions) (PP by (NP other oil companies)) (PP-LOC in (NP their domestic oil-producing operations))))))) .)) (TOP (S (PP-LOC In (NP (NP yesterday 's) third-quarter earnings report)) , (NP-SBJ the company) (VP alluded (PP-CLR to (NP (NP a (ADJP (QP $ 40 million) *U*) provision) (PP for (NP restructuring costs)) (VP involving (NP U.S. exploration and production operations))))) .)) (TOP (S (NP-SBJ The report) (VP says (SBAR that `` (S (NP-SBJ the restructuring) (VP (VP will (VP take (NP place) (PP-TMP over (NP a two-year period)))) and (VP will (ADVP principally) (VP involve (NP (NP the transfer and termination) (PP of (NP (NP employees) (PP-LOC in (NP our U.S. operations))))))))))) . '')) (TOP (S (NP-SBJ (NP A company spokesman) , (VP reached (NP *) (PP-LOC at (NP his home)) (NP-TMP last night)) ,) (VP would (ADVP only) (VP say (SBAR that (S (NP-SBJ there) (VP will (VP be (NP-PRD (NP a public announcement) (PP of (NP the reduction program)) (PP-TMP by (NP (NP the end) (PP of (NP the week))))))))))) .)) (TOP (S (NP-SBJ (NP Most oil companies) , (PP including (NP Mobil)) ,) (VP have (VP been (VP reporting (NP lower third-quarter earnings) , (PP (ADVP largely) as (NP (NP a result) (PP of (NP (NP lower earnings) (PP from (NP chemicals as well as refining and marketing businesses))))))))) .)) (TOP (S (NP-SBJ (NP Individuals) (ADJP familiar (PP with (NP (NP Mobil 's) strategy)))) (VP say (SBAR that (S (NP-SBJ Mobil) (VP is (VP reducing (NP its U.S. work force) (PP-PRP because of (NP declining U.S. output))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ Mobil) (VP said (SBAR 0 (S (NP-SBJ domestic exploration and production operations) (VP had (NP a (ADJP (QP $ 16 million) *U*) loss) (PP-TMP in (NP the third quarter)) , (SBAR-ADV while (S (NP-SBJ comparable foreign operations) (VP earned (NP (QP $ 234 million) *U*)))))))) .)) (TOP (S (ADVP-LOC Industrywide) , (NP-SBJ (NP oil production) (PP-LOC in (NP this country))) (VP fell (PP-EXT by (NP (NP 500,000 barrels) (NP-ADV a day))) (PP-DIR to (NP (NP (QP 7.7 million) barrels) (PP-TMP in (NP (NP the first eight months) (PP of (NP this year))))))) .)) (TOP (S (NP-SBJ-1 Daily output) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP decline (PP-EXT by (NP (QP at least another 500,000) barrels)) (NP-TMP next year)))))) .)) (TOP (S (NP-SBJ Some Mobil executives) (VP were (ADJP-PRD dismayed (SBAR that (S (NP-SBJ-1 (NP a reference) (PP to (NP the cutbacks))) (VP was (VP included (NP *-1) (PP-LOC in (NP the earnings report)) (SBAR-TMP before (S (NP-SBJ-2 workers) (VP were (VP notified (NP *-2))))))))))) .)) (TOP (S (NP-SBJ One Mobil executive) (VP said (SBAR that (S (NP-SBJ (NP the (ADJP (QP $ 40 million) *U*) charge) (VP related (NP *) (PP-CLR to (NP the action)))) (VP indicates (SBAR 0 (S (NP-SBJ-1 (NP `` a substantial '' number) (PP of (NP people))) (VP will (VP be (VP involved (NP *-1)))))))))) .)) (TOP (S (NP-SBJ-1 Some) (VP will (ADVP likely) (VP be (VP offered (NP *-1) (NP severance packages) (SBAR-ADV while (S (NP-SBJ-2 others) (VP will (VP be (VP transferred (NP *-2) (PP-DIR to (NP overseas operations)))))))))) .)) (TOP (S (NP-SBJ The Justice Department) (VP is (PP-PRD in (NP (NP the process) (PP of (S-NOM (NP-SBJ-2 *) (VP trying (S (NP-SBJ *-2) (VP to (VP gain (NP (NP control) (PP over (NP (NP a law) (SBAR (WHNP-1 that) (S (NP-SBJ federal Judge David Sentelle) (ADVP-TMP recently) (VP called (S (NP-SBJ *T*-1) (NP-PRD a `` monster))))))))))))))))) . '')) (TOP (S (S-ADV (NP-SBJ-1 *) (ADJP-PRD Needless (S (NP-SBJ *) (VP to (VP say (NP *-1)))))) , (NP-SBJ he) (VP was (VP talking (PP-CLR about (NP RICO)))) .)) (TOP (S (PP With (NP (NP its (ADJP recently revised) guidelines) (PP for (NP RICO)))) , (NP-SBJ Justice) (VP makes (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD clear) (SBAR-1 that (S (NP-SBJ the law) (ADVP-TMP currently) (VP holds (NP (NP (ADJP too many) incentives) (PP for (NP (NP abuse) (PP by (NP prosecutors)))))))))) .)) (TOP (S (NP-SBJ-1 (NP The text) (PP of (NP (NP the `` new policy '' guidelines) (PP from (NP the Criminal Division))))) (VP are (VP reprinted (NP *-1) (ADVP-LOC nearby))) .)) (TOP (S (NP-SBJ They) (VP (ADVP-MNR strongly) suggest (SBAR that (S (NP-SBJ (NP (NP Justice 's) prosecutions) (PP of (NP (NP Drexel Burnham Lambert) , (NP Michael Milken) and (NP Princeton/Newport)))) (VP violated (NP (NP notions) (PP of (NP fundamental fairness))))))) .)) (TOP (S (NP-SBJ-1 Justice) (VP is (VP attempting (S (NP-SBJ *-1) (VP to (VP avoid (NP (NP a replay) (PP of (NP these tactics)))))))) .)) (TOP (S (NP-SBJ This) (VP amounts (PP-CLR to (NP (NP an extraordinary repudiation) (PP of (NP (NP the tenure) (PP of (NP (NP New York mayoral candidate and former U.S. Attorney Rudolph Giuliani) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD (ADJP more inclined (PP to (S-NOM (NP-SBJ *) (VP gathering (NP scalps))))) (FRAG (PP than (S-NOM (NP-SBJ *) (VP understanding (NP markets)))))))))))))))) .)) (TOP (S (NP-SBJ The new guidelines) (VP limit (NP (NP the pretrial forfeitures) (PP of (NP (NP assets) (PP of (NP (NP RICOed defendants) and (NP their investors , clients , bankers and others))))))) .)) (TOP (S (NP-SBJ This) (VP follows (NP (NP earlier new guidelines) (PP from (NP the Tax Division)) (VP prohibiting (NP Princeton/Newport tax cases) (PP-CLR from (S-NOM (NP-SBJ *) (VP masquerading (PP-CLR as (NP RICO cases)))))))) .)) (TOP (S (NP-SBJ The forfeiture memo) (VP cited `` (NP (NP considerable criticism) (PP-LOC in (NP the press))) , (PP-PRP because of (NP a perception (SBAR that (S (NP-SBJ (NP pre-trial freezing) (PP of (NP assets))) (VP is (ADJP-PRD tantamount (PP to (NP (NP a seizure) (PP of (NP property)) (PP without (NP due process))))))))))) . '')) (TOP (S (NP-SBJ It) (VP told (NP-1 prosecutors) (S (S (NP-SBJ *-1) not (VP to (VP seek (NP forfeitures) (SBAR-ADV if (S (NP-SBJ there) (VP are (NP-PRD (NP `` (ADJP less intrusive) '' alternatives) , (PP such as (NP bonds))))))))) , and (S (PP-LOC in (NP any case)) (NP-SBJ *-1) not (VP to (VP seek (NP (NP forfeitures) `` (ADJP disproportionate (PP to (NP (NP the defendant 's) crime))))))))) . '')) (TOP (S (NP-SBJ These changes) (VP come (ADVP-TMP (NP a tad) late (PP for (NP (NP Princeton/Newport) , (NP the first RICOed securities firm))))) .)) (TOP (S (NP-SBJ-1 It) (VP was (VP forced (NP *-1) (PP-DIR into (NP liquidation)) (PP-TMP before (NP trial)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ investors) (VP yanked (NP their funds) (ADVP *T*-2) (SBAR-TMP after (S (NP-SBJ the government) (VP demanded (NP a huge pre-trial asset forfeiture))))))))) .)) (TOP (S (S (NP-SBJ (NP Princeton/Newport investors) , (PP including (NP (NP McKinsey & Co.) and (NP the Harvard endowment))) ,) (VP made (NP the rational decision (S (NP-SBJ *) (VP to (VP withdraw (NP their money))))))) ; (S (PP for (NP the firm)) , (NP-SBJ the liquidation) (VP was (S-PRD (S (NP-SBJ sentence) (ADVP-TMP-PRD first)) , (S (NP-SBJ verdict) (ADVP-TMP-PRD later))))) .)) (TOP (S (NP-SBJ Prosecutors) (VP wanted (NP (NP (QP $ 23.8 million) *U*) (PP in (NP forfeiture))) (PP for (NP (NP alleged tax fraud) (PP of (NP (QP some $ 400,000) *U*))))) .)) (TOP (S (NP-SBJ (NP (NP The experience) (PP of (NP Princeton/Newport))) and (NP (NP initiation) (PP of (NP other RICO-forfeiture cases)) (PP against (NP legitimate businesses)))) (VP taught (NP Drexel) (SBAR that (S (NP-SBJ a RICOed investment bank) (VP would (VP be (NP-PRD an ex-investment bank)))))) .)) (TOP (S (NP-SBJ Drexel) (ADVP therefore) (VP agreed (ADVP instead) (PP-CLR to (NP (NP an arrangement) (VP allowing (S (NP-SBJ it) (VP to (VP plea (PP-CLR to (NP (NP charges) `` (SBAR (WHNP-1 which) (S (NP-SBJ the company) (VP is not (PP-LOC-PRD in (NP a position (S (NP-SBJ *) (VP to (VP dispute (NP *T*-1)))))) '' (PP-PRP because of (NP RICO)))))))))))))) .)) (TOP (S (NP-SBJ (NP Part) (PP of (NP (NP Drexel 's) plea))) (VP was (S-PRD (NP-SBJ *) (VP to (VP cut (NP Mr. Milken) (ADVP-CLR loose))))) .)) (TOP (S So (PP-TMP after (NP all the prosecutorial hoopla)) (NP-SBJ no one) (VP has (VP established (SBAR-NOM (WHNP-1 what) , (S (SBAR-ADV if (FRAG (NP anything))) , (NP-SBJ Drexel) (VP did (NP *T*-1) (ADVP-MNR wrong)))))) .)) (TOP (FRAG So (NP (NP two cheers) (PP for (NP the new rules))) .)) (TOP (S (NP-SBJ Justice) (VP has (ADVP-TMP finally) (VP recognized (NP (NP its employees ') abuses) , (NP-ADV (NP thanks) (PP (ADVP largely) to (NP (NP the demands) (PP for (NP reform)) (PP by (NP (NP (NAC former U.S. attorney (PP-LOC in (NP Washington))) Joseph diGenova) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP wants (S (NP-SBJ *-2) (VP to (VP salvage (NP RICO) (PP-PRP for (NP real criminals))))))))))))))) .)) (TOP (S But (NP-SBJ prosecutorial guidelines) (VP are (ADJP-PRD effective) (SBAR-ADV (ADVP only) if (S (NP-SBJ-1 (NP someone) (PP-LOC at (NP Justice))) (VP is (ADJP-PRD willing and able (S (NP-SBJ *-1) (VP to (VP supervise (NP hyperactive prosecutors))))))))) .)) (TOP (S (NP-SBJ (NP Judge Sentelle) , (PP of (NP (NP the appeals court) (PP-LOC in (NP Washington)))) ,) (VP made (NP this point) (PP-LOC at (NP a Cato Institute conference)) (NP-TMP last week) (PP-LOC in (NP (NP a remarkable speech) (VP titled (S (NP-SBJ *) , `` (NP-TTL-PRD (NP RICO) : (NP (NP The Monster) (SBAR (WHNP-1 That) (S (NP-SBJ *T*-1) (VP Ate (NP Jurisprudence))))))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (S (NP-SBJ-1 ours) (VP is (VP supposed (S (NP-SBJ *-1) (VP to (VP be `` (NP-PRD (NP a government) (PP (PP of (NP (NP laws))) not (PP of (NP men)))))))))) , '' and yet (S (NP-SBJ RICO defenders) `` (VP tell (NP us) (SBAR that (S (NP-SBJ we) (VP should (VP rely (PP-CLR on (NP-2 prosecutorial discretion)) (S-CLR (NP-SBJ *-2) (VP to (VP protect (PP-CLR against (NP (NP overbreadth) (PP of (NP RICO)))))))))))))))) . '')) (TOP (S (NP-SBJ (NP No prosecutorial guidelines) , (ADJP observed or unobserved) ,) (VP limit (NP (NP civil RICO cases) (PP by (NP plaintiffs)) (PP for (NP damages)))) .)) (TOP (FRAG (WHNP What) (ADVP-TMP now) (PP for (NP (NP Princeton/Newport officials) , (NP Drexel) and (NP Mr. Milken))) ?)) (TOP (S (NP-SBJ-1 Justice) (VP should (VP review (NP these cases) (S-PRP (NP-SBJ *-1) (VP to (VP see (SBAR (WHNP what) (S (NP-SBJ other prosecutorial abuses) (VP may (VP have (VP occurred)))))))))) .)) (TOP (S (NP-SBJ We) (VP suspect (SBAR that (S (NP-SBJ Justice) (VP will (NP-TMP some day) (VP agree (SBAR that (S (NP-SBJ (NP only the complete repeal) (PP of (NP RICO))) (VP can (VP guarantee (NP (NP an end) (PP to (NP (NP injustices) (PP in (NP its name)))))))))))))) .)) (TOP (S (NP-SBJ-3 `` (NP-TTL The Famous Teddy Z) , '' (SBAR (WHNP-2 which) (S (NP-SBJ CBS Inc.) (VP had (VP hoped (SBAR 0 (S (NP-SBJ *T*-2) (VP would (VP emerge (PP as (NP (NP one) (PP of (NP (NP the few bright spots) (PP-LOC in (NP its (ADJP otherwise lackluster) prime-time schedule))))))))))))))) , (VP is n't (VP turning (PRT out) (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP the hit) (SBAR (WHNP-1 0) (S (NP-SBJ the network) (VP envisaged (NP *T*-1)))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP the half-hour situation comedy) (VP seen (NP *) (NP-TMP Mondays) (PP-TMP at (NP 9:30 p.m . (ADJP Eastern and Pacific) time)))) (VP is n't (NP-PRD (NP a candidate) (PP for (NP cancellation)))))) , (S (NP-SBJ-1 it) (VP is (VP slated (NP *-1) (PP-CLR for (NP fine-tuning))))) and (S (PP-TMP by (NP next week)) (NP-SBJ the network) (VP may (VP announce (SBAR 0 (S `` (NP-TTL-SBJ-4 Teddy Z) '' (VP is (VP moving (PP-DIR to (NP 8:30 p.m.)) (PP-DIR from (NP its 9:30 time slot)) , (S-ADV (NP-SBJ *-4) (VP replacing (NP `` (NP-TTL The People Next Door) , '' (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP became (NP-PRD (NP the first network show) (SBAR (WHNP-5 0) (S (NP-SBJ-2 *T*-5) (VP to (VP be (VP canceled (NP *-2) (NP-TMP this season)))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 `` (NP-TTL Teddy Z) , '' (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP centers (PP-CLR on (NP (NP a mailroom clerk-turned agent) (PP-LOC at (NP a Hollywood talent agency))))))) ,) (VP was (VP scheduled (NP-3 *-1) (PP-CLR in (NP the coveted 9:30 p.m. slot)) (S-CLR (NP-SBJ *-3) (VP to (VP follow (NP `` (NP-TTL Murphy Brown) , '' (NP (NP a situation comedy) (PP about (NP a television news magazine)) , (VP starring (NP Candice Bergen))))))))) .)) (TOP (S `` (NP-TTL-SBJ-1 Teddy Z) '' (VP was (VP boosted (NP *-1) (PP by (NP-LGS (NP favorable reviews) and (NP (NP a network-wide promotional tie-in contest) (PP with (NP K mart Corp))))))) .)) (TOP (S (NP-SBJ-1 It) (VP (VP was (VP promoted (NP *-1) (PP-LOC on (NP (NP cable services) , (PP including (NP (NP MTV) , (NP (NP Nick) (PP-TMP at (NP Night))) and (NP VH-1))) ,)))) and (VP premiered (PP as (NP (NP the No. 22-rated show) (PP for (NP the week)))))) .)) (TOP (S But (PP-TMP (NP five weeks) after (NP the premiere)) , (NP-SBJ the series) (VP has (VP floundered)) .)) (TOP (S (PP In (NP (NP figures) (VP released (NP *) (NP-TMP yesterday) (PP by (NP-LGS A.C. Nielsen Co .))))) `` (NP-SBJ-TTL-1 Teddy Z) , '' (S-ADV (NP-SBJ *-1) (VP produced (NP *) (PP by (NP-LGS (NP the television unit) (PP of (NP Columbia Pictures Entertainment Inc.)))))) , (VP was (PP-LOC-PRD in (NP 37th place))) .)) (TOP (S (ADVP Worse) , (S (NP-TMP every week) (NP-SBJ it) (VP suffers (NP (NP audience drop-off) (PP from `` (NP-TTL Murphy Brown) '')))) and (S (NP-SBJ (NP viewership) (PP on (NP CBS))) (VP picks (ADVP-CLR up) (ADVP-TMP again) (SBAR-TMP once (S `` (NP-TTL-SBJ-1 Teddy Z) '' (VP (VP is (ADVP-PRD over)) and (VP is (VP followed (NP-TTL *T*-1) (PP by `` (NP-LGS Designing Women))))))))) . '')) (TOP (SINV `` (S-TPC-2 (NP-SBJ There) (VP is (NP-PRD strong indication (SBAR that (S ` (NP-TTL-SBJ Teddy Z) ' (VP is not (ADJP-PRD compatible (PP with (NP (NP the shows) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP is (VP surrounding (NP *T*-1)))))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP John Sisk) , (NP (NP senior vice president) (PP-LOC at (NP (NP J. Walter Thompson Co.) , (NP (NP a unit) (PP of (NP WPP Group PLC))))))) .)) (TOP (S (NP-TMP Last week) , `` (NP-TTL-SBJ-1 Murphy Brown) '' (VP was (VP viewed (NP *-1) (PP by (NP-LGS (NP 14.1 %) (PP of (NP the available television households)))) , (SBAR-ADV while (S (NP-SBJ the number) (VP (VP dropped (PP-DIR to (NP 12.6 %)) (PP for `` (NP-TTL Teddy Z) '')) and (VP rose (PP-DIR to (NP 14.2 %)) (PP for `` (NP-TTL Designing Women)))))))) . '')) (TOP (S (NP-SBJ CBS executives) (VP said (SBAR 0 (S (NP-SBJ-1 the program) (VP is (ADVP also) (VP slated (S (NP-SBJ *-1) (VP to (VP undergo (NP some plot changes))))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ Creator Hugh Wilson) , (PP for (NP example)) , (VP included (NP (NP the lead character 's) Greek family) (PP-CLR in (NP the cast)))) , `` but (S (NP-SBJ that) (VP is not (NP-PRD the right focus) (ADVP anymore)))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ one CBS executive) .)) (TOP (S (ADVP Instead) , (NP-SBJ CBS) (VP hopes (SBAR 0 (S (NP-SBJ the show) (VP will (ADVP-MNR increasingly) (VP highlight (NP (NP the talent agency) and (NP (NP the business) (PP of (S-NOM (NP-SBJ *) (VP being (NP-PRD an agent))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're (VP making (NP (NP adjustments) (NP *ICH*-2)) (PP-CLR on (NP the show)) (PRN , (INTJ yes) ,) (FRAG but (NP-2 (NP nothing) (ADJP radical)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Craig Nelson) , (NP (NP the story consultant) (PP on `` (NP-TTL Teddy Z)))) . '')) (TOP (S `` But (NP-SBJ-1 we) (VP hope (S (NP-SBJ *-1) (VP to (VP keep (NP (NP a balance) (PP between (NP (NP the office) and (NP the family)))))))) . '')) (TOP (S-3 (NP-SBJ-2 The opening credits) (VP are (VP being (VP redone (NP *-2) (PRN , (S (NP-SBJ Mr. Nelson) (VP said (SBAR 0 (S *T*-3)))) ,) `` (S-PRP (NP-SBJ *) (VP to (VP make (S (NP-SBJ (NP Teddy 's) situation) (ADJP-PRD clear (PP to (NP (NP viewers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have not (VP been (PP-PRD with (NP us)) (PP-TMP since (NP the beginning)))))))))))))))) .)) (TOP (S (NP-SBJ Those viewers) (VP find (S (NP-SBJ the show) (ADJP-PRD confusing))) .)) (TOP (S (NP-SBJ (NP The stock market 's) woes) (VP (VP spooked (NP currency traders)) but (VP prompted (NP (NP a quiet little party) (PP-LOC among (NP bond investors))))) .)) (TOP (S (NP-SBJ (NP Prices) (PP of (NP long-term Treasury bonds))) (VP moved (ADVP-MNR inversely (PP to (NP the stock market))) (SBAR-TMP as (S (NP-SBJ investors) (VP sought (NP safety) (PP-LOC amid (NP growing evidence (SBAR 0 (S (NP-SBJ the economy) (VP is (VP weakening)))))))))) .)) (TOP (S But (NP-SBJ (NP the shaky economic outlook) and (NP the volatile stock market)) (VP forced (NP the dollar) (ADVP-CLR lower (PP against (NP major currencies)))) .)) (TOP (S (NP-SBJ The bond market) (VP got (NP an early boost) (PP-CLR from (NP (NP the opening-hour sell-off) (PP-LOC in (NP stocks))))) .)) (TOP (S (NP-SBJ-1 That rout) (VP was (VP triggered (NP *-1) (PP by (NP-LGS (NP (NP UAL Corp. 's) announcement (SBAR *ICH*-2)) (NP-TMP late Monday) (SBAR-2 that (S (NP-SBJ the proposed management-labor buy-out) (VP had (VP collapsed)))))))) .)) (TOP (S (NP-SBJ (NP The 80-point decline) (PP-LOC in (NP the Dow Jones Industrial Average)) (PP-TMP during (NP the morning trading session))) (VP touched (PRT off) (NP (NP (NP a flight) (PP to (NP safety))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP saw (S (NP-SBJ investors) (VP shifting (NP assets) (PP-DIR from (NP stocks)) (PP-DIR to (NP Treasury bonds))))))))) .)) (TOP (S (PP-TMP At (NP its strongest)) , (NP-SBJ (NP the Treasury 's) benchmark 30-year bond) (VP rose (NP-EXT (NP (NP more) (PP than (NP a point))) , or (NP (NP (QP more than $ 10) *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ the stock market) (VP recovered (NP (NP some) (PP of (NP its losses))) (ADVP-TMP later (PP in (NP the day)))))) , (NP-SBJ bond prices) (VP retreated) .)) (TOP (S But (NP-SBJ analysts) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the combination) (PP of (NP (NP (NP a second consecutive decline) (PP-LOC in (NP monthly durable-goods orders))) and (NP lackluster mid-October auto sales)))) (VP helped (S (NP-SBJ *-1) (VP prop (PRT up) (NP the Treasury market))))))) .)) (TOP (S (NP-SBJ-1 (NP A slowing economy) and (NP (NP the implication) (PP of (NP lower inflation and interest rates)))) (VP tend (S (NP-SBJ *-1) (VP to (VP bolster (NP bond prices))))) .)) (TOP (S (PP-LOC On (NP the surface)) , (NP-SBJ (NP (NP the decline) (PP-LOC in (NP September durable goods))) (PRN -- (NP (QP only 0.1) %) --)) (VP did n't (VP appear (ADJP-PRD very weak))) .)) (TOP (S But (NP-SBJ-1 (NP (NP orders) (PP for (NP non-defense capital goods))) , (NP (NP a precursor) (PP of (NP future plant and equipment spending))) ,) (VP were (ADJP-PRD off (NP 5.6 %)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP falling (NP-EXT 10.3 %) (PP-TMP in (NP August)))))) .)) (TOP (S (NP-SBJ Auto makers) (VP reported (SBAR that (S (NP-SBJ mid-October sales) (VP were (VP running (PP at (NP (NP an annual rate) (PP of (NP (NP (QP about 5.8 million) units) , (ADJP (ADJP far less) (PP than (NP (NP the (QP 6.6 million) units) (SBAR (WHNP-1 0) (S (NP-SBJ analysts) (VP had (VP expected (NP *T*-1))))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Taken (NP *-1) (ADVP-MNR together))) , (NP-SBJ-2 the auto-sales and durable-goods reports) (VP confirmed (NP perceptions (SBAR that (S (NP-SBJ the economy) (VP is (VP bogging (PRT down))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ analysts) (VP do n't (VP expect (S (NP-SBJ the Federal Reserve) (VP to (VP ease (NP credit policy) (ADVP-TMP soon)))))))) , (NP-SBJ-1 (NP reports) (PP like (NP (NP those) (NP-TMP yesterday)))) (VP help (S (NP-SBJ *-1) (VP build (NP (NP the case) (PP for (NP lower rates)))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ bond investors) (VP are (VP looking (PP-CLR toward (NP-1 (NP (NP (NP next week 's) report) (PP from (NP national purchasing managers))) and (NP (NP the government 's) October employment report))) (PP-CLR as (S-NOM (NP-SBJ *-1) (ADVP potentially) (VP prompting (S (NP-SBJ the Fed) (VP to (VP lower (NP rates))))))))) .)) (TOP (S (NP-SBJ (NP The stock market 's) precipitous drop) (VP frightened (NP (NP foreign investors) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP quickly) (VP bid (NP the dollar) (ADVP-CLR lower)))))) .)) (TOP (SINV But (SBAR-TMP as (S (NP-SBJ stock prices) (VP recovered (NP (NP some) (PP of (NP the early losses)))))) , (ADVP-MNR-TPC-1 so) (VP did (ADVP-MNR *T*-1)) (NP-SBJ the U.S. currency) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ dealers) (VP said (SBAR 0 (S (NP-SBJ investors) (VP are (VP becoming (ADJP-PRD more bearish (PP toward (NP the dollar))) (UCP-ADV (PP-LOC in (NP (NP the wake) (PP of (NP (NP the stock market 's) recent troubles)))) and (SBAR-TMP as (S (NP-SBJ the U.S. economy) (VP weakens))))))))))) , (NP-SBJ the dollar) (VP ended (ADVP-CLR down (ADVP-EXT only modestly))) .)) (TOP (S (PP-LOC In (NP major market activity)) : (NP-SBJ Bond prices) (VP rose) .)) (TOP (S (NP-SBJ (NP The Treasury 's) benchmark 30-year bond) (VP gained (NP (NP nearly half a point) , or (NP (NP (QP about $ 5) *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount))))) .)) (TOP (S (NP-SBJ (NP The yield) (PP on (NP the issue))) (VP slipped (PP-DIR to (NP 7.89 %))) .)) (TOP (S (NP-SBJ The dollar) (VP retreated) .)) (TOP (S (PP-LOC In (NP late New York trading)) (NP-SBJ-1 the currency) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP 1.8355 marks) and (NP 141.45 yen))) , (PP compared (PP with (NP (NP (NP 1.8470 marks) and (NP 141.90 yen)) (NP-TMP Monday)))))) .)) (TOP (S `` (NP-SBJ (NP Lifestyles) (PP of (NP the Rich and Famous))) '' (VP may (VP be (VP visiting (NP some new venues) (PP-TMP in (NP the near future))))) .)) (TOP (S (NP-SBJ Judge Robert (PRN -LRB- `` Maximum Bob '' -RRB-) Potter) (VP sentenced (NP Jim Bakker) (PP-CLR to (NP (NP 45 years) (PP-LOC in (NP the big house)))) (NP-TMP yesterday) , (SBAR-ADV while (S (NP-SBJ a Beverly Hills judge) (VP tucked (PRT away) (NP Zsa Zsa Gabor) (PP-CLR for (NP (NP three days) , plus (NP (NP 120 hours) (PP of (NP (NP work) (PP with (NP homeless women))))))))))) .)) (TOP (S (NP-SBJ Miss Gabor) (VP recanted (NP (NP her earlier-expressed fear) (PP of (NP jailhouse lesbians)))) .)) (TOP (S (NP-SBJ Mr. Bakker) (VP said (SBAR 0 (S (NP-SBJ he) (VP was (ADJP-PRD guilty (PP of (NP (NP sin) but not (NP fraud)))))))) .)) (TOP (S (NP-SBJ We) (VP can (ADVP only) (VP wonder (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP be (NP-PRD (NP the next lost soul) (VP chosen (S (NP-SBJ *) (VP to (VP be (NP-PRD (NP America 's) Celebrity Convict)))))))))))) .)) (TOP (S (NP-SBJ Boeing Co.) (VP said (SBAR 0 (S (NP-SBJ Trans European Airways) (VP ordered (NP (NP (QP a dozen) 737 jetliners) (VP valued (NP *) (PP-CLR at (NP (NP a total) (PP of (NP (QP about $ 450 million) *U*)))))))))) .)) (TOP (S (NP-SBJ-1 The 300 and 400 series aircraft) (VP will (VP be (VP powered (NP *-1) (PP by (NP-LGS (NP engines) (VP (ADVP-MNR jointly) produced (NP *) (PP by (NP-LGS (NP General Electric Co.) and (NP (NP Snecma) (PP of (NP France))))))))))) .)) (TOP (S (ADVP-TMP Currently) , (S (NP-SBJ Boeing) (VP has (NP (NP a backlog) (PP of (NP (QP about $ 80 billion) *U*))))) , but (S (NP-SBJ-1 production) (VP has (VP been (VP slowed (NP *-1) (PP by (NP-LGS (NP (NP a strike) (PP of (NP 55,000 machinists))) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP entered (NP its 22nd day) (NP-TMP today)))))))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ-2 a mediator) (VP failed (S (NP-SBJ *-2) (VP to (VP rekindle (NP (NP talks) (PP between (NP (NP the company) and (NP (NP the strikers) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP rejected (NP (NP a pay raise offer) (PP of (NP (NP 10 %) (PP-TMP over (NP three years))))))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ (NP the good fairy) (VP assigned (NP *) (PP-CLR to (NP Slovakia)))) (VP hovered (PP-LOC over (NP (NP the cradle) (PP of (NP Edita Gruberova)))) (ADVP-TMP (NP many years) ago) (PP-LOC in (NP Bratislava)) (ADVP-TMP *T*-1)))) , (NP-SBJ she) (VP sprinkled (NP her) (PP-CLR with (NP (NP high E flats) , (NP sparkling Ds) , (NP clean trills) , and (NP (NP coloratura ornaments) (ADJP (ADJP silvery) (PP as (NP magic dust))))))) .)) (TOP (S (ADVP Maybe) (NP-SBJ she) (VP could (VP (VP drop (PRT by) (PP-LOC-CLR at (NP the Metropolitan Opera))) and (VP bring (ADVP-CLR (PRT along)) (NP (SBAR-NOM (WHNP-1 what) (S (NP-SBJ she) (VP forgot (NP *T*-1)))) , (NP (NP a little charm) , (NP (NP a few smidgins) (PP of (NP thespian skills))) and (NP a nice wig)))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Cast (NP *-2) (PP-CLR as (NP Violetta Valery)) (PP-LOC in (NP (NP a new production) (PP of (NP (NP Verdi 's) `` (NP-TTL La Traviata))))))) , '' (NP-SBJ-1 Ms. Gruberova) (NP-TMP last week) (VP (VP did (NP-3 many things) (ADVP-MNR-4 nicely)) and (VP (NP=3 others) (ADVP-MNR=4 not so well))) .)) (TOP (S-CLF (NP-SBJ It) (VP is n't (NP-PRD every day) (SBAR that (S (NP-SBJ we) (VP hear (NP (NP a Violetta) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP can (VP sing (NP (NP the first act 's) high-flying music) (SBAR-ADV with (S (NP-SBJ-2 all the little notes) (VP (VP (ADVP-MNR perfectly) pitched (NP *-2)) and (VP (ADVP-MNR neatly) stitched (NP *-2) (ADVP-CLR together)))))))))))))) .)) (TOP (SINV (ADVP-TMP Never once) did (NP-SBJ she) (VP (VP gasp (PP-CLR for (NP air))) or (VP mop (NP her brow))) .)) (TOP (S (NP-SBJ She) (VP was (ADJP-PRD (ADJP as cool) (PP as (NP a cucumber)))) .)) (TOP (S But (SBAR-ADV as (S (NP-SBJ you) (VP may (VP know)))) , (NP-SBJ things) (VP are not (VP going (ADVP-MNR well) (PP for (NP Violetta)))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP times) (SBAR (WHADVP-1 when) (S (NP-SBJ she) (VP must (VP show (NP a little emotion) (ADVP-TMP *T*-1))))))) .)) (TOP (S (S (NP-SBJ She) (VP has (NP (NP TB) (PRN , (PP after (NP all)) ,) and (NP a weak-kneed lover)))) ; and (S (SBAR-ADV though (FRAG (NP-PRD a successful courtesan))) , (NP-SBJ she) (VP is (ADJP-PRD (ADVP just about) overdrawn) (PP-LOC at (NP the bank)))) .)) (TOP (S (ADVP Worse) , (NP-SBJ her walls) (VP move (NP-TMP all the time) -- (PP-LOC (ADVP at least) in (NP this production))) .)) (TOP (S (S (SBAR-TMP (ADVP Just) (WHADVP-2 when) (S (NP-SBJ-1 Ms. Gruberova) (VP sat (ADVP-CLR down) (ADVP-LOC away (PP from (NP her guests))) (S-PRP (NP-SBJ *-1) (VP to (VP cough (PP in (ADJP private))))) (ADVP-TMP *T*-2)))) , (NP-SBJ-3 her salon) (VP began (S (NP-SBJ *-3) (VP sliding (PP-CLR around (NP the stage)))))) ; (S (NP-SBJ her country hideaway) (ADVP also) (VP has (NP (NP a (ADJP very active) set) (PP of (NP drapes))))) .)) (TOP (S (S-TPC-1 (NP-SBJ *) (VP Hold (PP-CLR on (PP to (NP those funny braids))))) ! (NP-SBJ-2 you) (VP wanted (S (NP-SBJ *-2) (VP to (VP caution (NP her) (S *T*-1)))) (SBAR-TMP as (S (NP-SBJ-3 the sets) (VP started (S (NP-SBJ *-3) (VP to (VP roll (ADVP-CLR around) (ADVP-TMP once more)))))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP the (ADJP most moving) `` (NX-TTL Traviata) '') (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP 've (ADVP-TMP ever) (VP seen (NP *T*-1))))))) .)) (TOP (S (ADVP Normally) , (NP-SBJ-1 Violetta) (VP can (VP go (PP-CLR about (NP her business)) (PP without (S-NOM (NP-SBJ *-1) (VP wondering (SBAR whether (S (NP-SBJ she) (VP is (VP moving (ADVP-MNR (ADVP as gracefully) (PP as (NP the scenery)))))))))))) .)) (TOP (S But (NP-SBJ this) (VP is (NP-PRD (NP a production) (VP (VP designed and directed (NP *) (PP by (NP-LGS Franco Zeffirelli))) and (VP paid (PP-CLR for (NP *)) (PP by (NP-LGS (NP Sybil Harrington) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (NP no need (S (NP-SBJ *) (VP to (VP count (NP her pennies))))) , (PP unlike (NP (NP Violetta) , (ADJP down (PP to (NP 20 louis))) (PP-TMP at (NP (NP the opera 's) end))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Seeing (S (NP-SBJ all those millions) (PP-PRD in (NP action))))) , (NP-SBJ-2 I) (VP was (ADJP-PRD just so relieved (SBAR that (S (NP-SBJ (NP Ms. Gruberova) , (NP (NP gawky thing) (SBAR (WHNP-1 that) (S (NP-SBJ she) (VP is (NP-PRD *T*-1))))) ,) (VP did n't (VP (ADVP-MNR accidentally) smother (NP herself) (PP-CLR in (NP a drape)))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Large and lavish)) , `` (NP-TTL-SBJ-1 Traviata) '' (VP is (NP-PRD (NP another addition) (PP to (NP (NP (NP the Met 's) growing stock) (PP of (NP (NP cast-proof productions) (PP (ADVP mostly) by (NP Mr. Zeffirelli)))))))) .)) (TOP (S (NP-SBJ-1 They) (VP (VP have (NP (NP a life) (PP of (NP their own)))) and (VP can (VP be (VP counted (PRT on) (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP (VP look (ADJP-PRD good)) and (VP perform (SBAR-TMP (WHADVP-3 whenever) (S (NP-SBJ a cast) (VP is n't (PP-PRD up (PP to (NP either))) (ADVP-TMP *T*-3)))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ a strike) (ADVP-TMP ever) (VP hits (NP the Met)))) , (NP-SBJ the company) (VP can (ADVP-TMP still) (VP (VP sell (NP (NP tickets) (PP to (NP his (NX `` (NX-TTL Boheme) '' and `` (NX-TTL Turandot) ''))))) and (VP boom (ADVP-CLR out) (NP (NP recordings) (PRN -LRB- (PP of (NP another era)) -RRB-))))) .)) (TOP (S (NP-SBJ (NP Last week 's) discerning audience) (VP gave (NP (NP a bigger hand) (PP *ICH*-2)) (PP-DTV to (NP a greenhouse)) (PP-2 than (PP-DTV to (NP (NP the tenor Neil Shicoff) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sang (NP an aria) (PP-LOC inside (NP it))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP (ADVP-MNR Inexplicably) costumed (NP *-1) (PP-CLR as (NP a rabbinical student)))) , (S-ADV (NP-SBJ *-2) (VP tottering (ADVP-CLR around) (PP-LOC-CLR on (NP lifts)))) , (NP-SBJ-2 Mr. Shicoff) (ADVP hardly) (VP seemed (NP-PRD (NP the fellow) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP catch (NP (NP a fancy cocotte 's) eye))))))) .)) (TOP (S (NP-SBJ I) (VP wish (SBAR 0 (S (NP-SBJ he) (VP could (VP wear (NP lifts) (PP-LOC in (NP his voice))))))) .)) (TOP (S (PP (ADVP Not nearly) in (NP his best form)) , (NP-SBJ the tenor) (VP made (NP dullish sounds) (PP along (PP with (NP his usual clumsy hand gestures)))) .)) (TOP (S (ADVP Maybe) (NP-SBJ-1 Mr. Z.) (VP was (ADJP-PRD too busy (S (NP-SBJ *-1) (VP taming (NP his set))) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP work (PP-CLR with (NP his (ADJP naturally ungainly) Alfredo)))))))) .)) (TOP (SQ Or is (NP-SBJ it) (SBAR-PRD that (S (NP-SBJ Mr. Z.) (VP is (VP getting (ADJP-PRD (NP-ADV a little) tired (PP of `` (NP-TTL Traviata) '')))))) ?)) (TOP (S (S (NP-SBJ This) (VP is (NP-PRD (NP the same production) (VP (ADVP-TMP already) seen (NP *) (PP-LOC in (NP Paris and Florence)))))) , and (S (NP-SBJ its scenic ideas) (VP echo (NP (NP the movie) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP made (NP *T*-1) (PP with (NP (NP Placido Domingo) and (NP Teresa Stratas))))))))) .)) (TOP (S (ADVP-TMP (NP Decades) earlier) , (NP-SBJ Maria Callas) (VP sang (NP (NP the Dallas staging) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP introduced (NP the flashback idea)))))) .)) (TOP (S (PP In (NP (NP an invention) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP drives (S (NP-SBJ Verdi purists) (ADJP-PRD bananas))))))) , (NP-SBJ-2 Violetta) (VP lies (S (NP-SBJ *-2) (VP dying (PP-LOC in (NP bed)))) (PP-TMP during (NP the prelude)) , (S-ADV (NP-SBJ *-2) (VP rising (ADVP-MNR deliriously) (SBAR-TMP (WHADVP-5 when) (S then (NP-SBJ she) (VP remembers (NP (NP the great parties) (SBAR (WHNP-3 0) (S (NP-SBJ-4 she) (VP used (S (NP-SBJ *-4) (VP to (VP throw (NP *T*-3)))))))) (ADVP-TMP *T*-5))))))) .)) (TOP (S (NP-SBJ The entire opera) (VP is (NP-PRD her dream)) .)) (TOP (S (PP Given (NP (NP (NP the prelude 's) thematic connections) (PP with (NP (NP the music) (VP preceding (NP the last act)))))) , (NP-SBJ the idea) (VP is (ADJP-PRD (ADJP more worn) (PP than (ADJP bad))) , (SBAR-ADV though (S (SBAR-ADV as (S (NP-SBJ luck) (VP would (VP have (NP it))))) , (PP for (NP a change)) (NP-SBJ there) (ADVP actually) (VP was (NP-PRD (NP (NP a conductor) (PP-LOC in (NP the pit)) (SBAR (WHNP-2 whom) (S (NP-SBJ-1 we) (VP wanted (S (NP-SBJ *-1) (VP to (VP hear (NP *T*-2)))))))) , (NP Carlos Kleiber) , (VP trying (S (NP-SBJ *) (VP to (VP make (NP memorable music) (SBAR-TMP while (S (NP-SBJ we all) (VP waited (PP-CLR for (S-NOM (NP-SBJ the bed lump) (VP to (VP stir (PP-CLR into (NP song)))))))))))))))))) .)) (TOP (S (SBAR-TMP Once (S (NP-SBJ she) (VP did (ADVP-MNR so)))) , (NP-SBJ (NP the big-souled German maestro) (PP with (NP the shaky nerves)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP so often) (VP cancels)))) (VP offered (NP (NP a limpid , flowing performance) (SBAR (WHNP-2 that) (S (PP in (NP its (ADJP unswagged and unswaggering) approach)) (NP-SBJ *T*-2) (VP was (PP-PRD (ADVP totally) at (NP (NP odds) (PP with (NP the staging))))))))) .)) (TOP (S (S (PP Of (NP heart-pounding moments)) (NP-SBJ there) (VP were (NP-PRD nearly none))) , and (S (SBAR-SBJ whether (S (NP-SBJ-2 this) (VP has (S (NP-SBJ *-2) (VP to (VP do (PP-CLR with (NP (NP Mr. Kleiber) or (NP the wooden cast))))))))) (VP is (ADJP-PRD hard (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP say (NP *T*-1)))))))) .)) (TOP (S (PP In (NP any event)) , (NP-SBJ Ms. Gruberova) (VP (ADVP-MNR barely) ventilated (NP (NP Violetta 's) anguish) (PP-LOC in (NP (NP her long meeting) (PP with (NP (NP Wolfgang Brendel) , (SBAR (WHNP-1 who) (S (PP as (NP Germont)) (NP-SBJ-3 *T*-1) (VP seemed (ADJP-PRD fairly desperate) (S-ADV (NP-SBJ-2 *-3) (VP trying (S (NP-SBJ *-2) (VP to (VP inject (NP an Italianate lilt) (PP-DIR into (NP his heavy , teutonic baritone))))))))))))))) .)) (TOP (S `` (NP-SBJ Di Provenza) '' (VP was n't (NP-PRD (NP much) (PP of (NP (NP an advertisement) (PP for (NP sunny , southern France)))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ Mr. Kleiber) (VP could (VP let (S (NP-SBJ him) (VP substitute (NP (NP one) (PP of (NP (NP the songs) (PP about (NP (NP dead children) and (NP dark nights))) (PP from (NP (NP Mahler 's) `` (NX-TTL Kindertotenlieder)))))))))) . '')) (TOP (S (S-ADV (NP-SBJ *) (VP Speaking (PP-CLR of (NP dark nights)))) , (NP-SBJ-3 (NP (NP the Met 's) next-door neighbor) , (NP the New York City Opera) ,) (VP has (VP canceled (NP its season) (PP-TMP after (S-NOM (NP-SBJ-2 *-3) (VP failing (S (NP-SBJ *-2) (VP to (VP reach (NP a settlement) (PP with (NP (NP its musicians) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP wanted (NP (NP pay parity) (PP with (NP the the Chicago Lyric and San Francisco Opera orchestras)))))))))))))))) .)) (TOP (S (ADVP Well) , (NP-SBJ they) (VP can (ADVP-TMP now) (VP (VP go) and (VP audition (ADVP-LOC there)))) .)) (TOP (INTJ Good luck .)) (TOP (S (NP-SBJ Common sense) (VP suggests (SBAR that (S (NP-SBJ (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP play (PP-CLR for (NP (NP a company) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP charges (SBAR-NOM (QP about half) (WHNP-3 what) (S (NP-SBJ those houses) (VP do (VP *?* (NP *T*-3) (PP for (NP a ticket))))))))))))))) (VP are not (PP-LOC-PRD in (NP the same market)))))) .)) (TOP (S (NP-SBJ The cancellation) (VP bodes (ADVP-MNR poorly) (PP for (NP (NP a company) (ADJP already beset (PP with (NP (NP an identity crisis) (VP exacerbated (NP *) (PP by (NP-LGS (NP (NP the retirement) (PP of (NP general director Beverly Sills))) and (NP (NP the amazing appointment) (PP of (NP Christopher Keene)) (PP as (NP her successor)) (PP-TMP after (NP (NP his years) (PP of (NP (NP feckless toiling) (PP-LOC in (NP the pit)))))))))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ the Met) (VP discovered (ADVP-TMP (NP years) ago) (PP-TMP following (NP a belated December opening))))) , (NP-SBJ (NP it) (S *EXP*-2)) (VP is (ADJP-PRD nearly impossible) (S-2 (NP-SBJ *) (VP to (VP recapture (NP subscribers) (SBAR-TMP once (S (NP-SBJ they) (VP have (VP had (NP (NP time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP ponder (NP their entertainment choices) (ADVP-TMP *T*-1)))))))))))))) .)) (TOP (S (NP-SBJ-1 I) , (PP for (NP instance)) , (VP was (ADJP-PRD perfectly happy) (PP-LOC at (NP Avery Fisher Hall)) (NP-TMP the other day) (S-ADV (NP-SBJ *-1) (VP listening (PP-CLR to (S-NOM (NP-SBJ Helmuth Rilling) (VP conduct (NP (NP the Messa per Rossini) , (NP (NP a strange piece) (VP written (NP *) (PP by (NP-LGS 13 different Italian composers)) (S-PRP (NP-SBJ *) (VP to (VP honor (NP Rossini) (PP-TMP after (NP (NP his death) (PP-TMP in (NP 1868)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Each) (PP of (NP them))) (VP contributed (NP a section) (PP at (NP (NP the behest) (PP of (NP (NP Verdi) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP was (ADVP nearly) (VP driven (NP *-2) (PP-DIR to (NP his own early grave)) (PP by (NP-LGS the troublesome arrangements))))))))))) .)) (TOP (S (PP For (NP all that)) , (NP-SBJ-2 the piece) (VP landed (S-ADV (NP-SBJ *-2) (ADJP-PRD unperformed)) (PP-LOC-CLR in (NP a dusty archive)) (SBAR-TMP after (S (NP-SBJ-1 Bologna) (VP refused (S (NP-SBJ *-1) (VP to (VP supply (NP a chorus and orchestra)))))))) .)) (TOP (S (NP-SBJ We) (VP know (SBAR 0 (S (NP-SBJ (NP Verdi 's) own contribution) (VP was (ADJP-PRD mighty impressive)))) (SBAR-PRP since (S (NP-SBJ-1 the operatic `` (NX-TTL Libera me) '') (VP was (VP reworked (NP *-1) (PP-PRP for (NP (NP the Manzoni Requiem) , (SBAR (WHPP-2 of (WHNP which)) (S (NP-SBJ-3 he) (VP wrote (NP every note (NP *T*-2)) (NP-ADV himself) (S-ADV (NP-SBJ *-3) (VP having (VP learned (NP his lesson)))))))))))))) .)) (TOP (S (NP-SBJ (NP The surprising discovery) (PP of (NP (NP the evening) (PP-LOC at (NP Fisher))))) (VP was (NP-PRD (NP the high standard) (VP achieved (NP *) (PP by (NP-LGS (NP (NP some) (PP of (NP his now-obscure colleagues))) , notably (NP Raimondo Boucheron)))))) .)) (TOP (S (NP-SBJ-1 His melodious `` (NX-TTL Confutatis) '') (VP was (VP (ADVP-MNR smoothly) sung (NP *-1) (PP by (NP-LGS bass Brian Matthews)))) .)) (TOP (S (ADVP Also) , (NP-SBJ-1 (NP Teodulo Mabellini 's) `` (NX-TTL Lux aeterna) '') (VP was (VP (VP (ADVP-MNR intriguingly) scored (NP *-1)) and (VP (ADVP-MNR splendidly) put (NP *-1) (ADVP-CLR across) (PP by (NP-LGS Mr. Rilling))))) .)) (TOP (S (NP-SBJ He) (VP brought (ADVP-CLR along) (NP (NP his Stuttgart-based Gaechinger Kantorei chorus) , and (ADVP even better) , (NP the Czech soprano Gabriela Benackova))) .)) (TOP (S (NP-SBJ She) (VP was (PP-PRD in (NP her (ADJP most radiant , expressive) voice))) .)) (TOP (S (ADVP Maybe) (NP-SBJ-3 she) (VP could (VP (VP step (PP-DIR across (NP the plaza)) (PP-DIR to (NP (NP the Met) -- (SBAR (WHADVP-2 where) (S (NP-SBJ-1 she) (VP has (ADVP-TMP still) (S (NP-SBJ *-1) (VP to (VP make (NP her debut) (ADVP-LOC *T*-2))))))) --))) and (VP help (PRT out) (NP her Czech compatriot) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP singing (NP (NP the slow parts) (PP of `` (NP-TTL Traviata))))))))) . '')) (TOP (S (S (NP-SBJ The Tokyo International Film Festival) (VP was (NP-PRD (NP no match) (PP for (NP the Cannes Film Festival)) (PP in (NP (NP terms) (PP of (NP prestige))))))) , but (S (S (NP-SBJ it) (VP made (NP its mark))) : (S (NP-SBJ It) (VP awarded (NP (NP the largest cash prize) (PP of (NP any film festival)) (PP-LOC to (NP (ADJP young and first-time) film makers)))))) .)) (TOP (S (PP-LOC At (NP (NP (NP this year 's) event) , (NP (NP the third) (SBAR-TMP since (S (NP-SBJ the festival) (VP got (PP-CLR under (NP way)) (PP-TMP in (NP 1985)))))) ,)) (NP-SBJ (NP Idrissa Ouedraogo) (PP of (NP Burkina Faso))) (VP won (NP (NP the Sakura Gold prize) (PP of (NP $ 143,000 *U*))) (PP for (NP `` (NP-TTL Yaaba) '' (PRN -LRB- `` (NP-TTL Old Woman) '' -RRB-)))) .)) (TOP (S (PP By (NP comparison)) , (NP-SBJ Cannes) (ADVP-TMP now) (VP gives (NP $ 39,000 *U*) (PP-DTV to (NP (NP the winner) (PP of (NP (NP its young director 's) award))))) .)) (TOP (SINV (VP Says (S *ICH*-2)) (NP-SBJ (NP director George Miller) (PRN -LRB- `` (NP-TTL Mad Max) '' -RRB-)) : `` (S-2 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-1 the Tokyo festival) (VP may (VP become (VP known (NP *-1) (PP-CLR as (NP (NP a major attraction) (PP for (NP young directors)))) (PP-PRP because of (NP (NP the money) as well as (NP the recognition)))))))))) . '')) (TOP (S (NP-SBJ There) (VP are (NP-PRD drawbacks)) .)) (TOP (S (NP-SBJ (NP Vincent Tolentino) , (NP (NP a correspondent) (PP for (NP the French magazine Telerama))) ,) (VP says (PP-CLR of (NP the (ADJP recently ended) Tokyo festival)) : `` (S (S (NP-SBJ No one) (VP makes (NP deals))) ... and (S (NP-SBJ-1 (NP most) (PP of (NP the films))) (VP have (VP been (VP seen (NP *-1) (ADVP-TMP before) (PP-LOC at (NP other festivals)))))))) . '')) (TOP (S (NP-SBJ Belgium) (VP decided (SBAR that (S (NP-SBJ-3 (NP investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP demand (NP (NP the delivery) (PP of (NP their securities))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ they) (VP buy (NP (NP shares) or (NP domestic bonds)) (ADVP-TMP *T*-2)))))))) (VP will (VP have (S (NP-SBJ *-3) (VP to (VP pay (NP (NP an additional 100 Belgian francs) (PRN -LRB- (NP (QP about $ 2.60) *U*) -RRB-)) (PP for (NP each transaction))))))))) , (S-ADV (NP-SBJ *) (VP bringing (NP the total fee) (PP-CLR to (NP 200 francs))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ no figures) (VP exist))) , (NP-SBJ-1 (NP it) (SBAR *EXP*-2)) (VP is (VP thought (NP *-1) (SBAR-2 that (S (NP-SBJ-3 (NP many small investors) (PP-LOC in (NP Belgium))) (VP store (NP securities) (ADVP-MNR privately) , (S-PRP (PP in (NP some cases)) (NP-SBJ-4 *-3) (VP to (VP avoid (S (NP-SBJ *-4) (VP paying (NP high inheritance taxes))))))))))) .)) (TOP (S (NP-SBJ The law) (VP could (VP redound (PP to (NP (NP the advantage) (PP of (NP (NP brokers and banks) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP incur (NP high administrative costs) (S-PRP (NP-SBJ *-2) (VP to (VP deliver (NP securities) (PP-DIR to (NP investors)))))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 Japan) (VP is (VP considering (S (NP-SBJ-2 *-1) (VP giving (NP aid) (PP-DTV to (NP Hungary and Poland)) (S-PRP (NP-SBJ *-2) (VP to (VP support (NP their recent political reforms))))))))) , (NP-SBJ (NP a spokesman) (PP for (NP the Foreign Ministry))) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD (NP the first time) (PRN , (SBAR-ADV if (S (NP-SBJ-2 we) (VP decide (S (NP-SBJ *-2) (VP to (VP do (ADVP-MNR so))))))) ,) (PP for (S-NOM (NP-SBJ Japan) (VP to (VP extend (NP (NP aid) (PP of (NP this kind))) (PP-CLR to (NP (ADJP Eastern European) countries))))))))) , '' (NP-SBJ the spokesman) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ Prime Minister Toshiki Kaifu) (ADVP also) (VP is (VP studying (NP (NP the possibility) (PP of (NP (NP a visit) (PP (PP to (NP the two Eastern bloc nations)) and (PP to (NP Western Europe))) (NP-TMP next January))))))))) .)) (TOP (S (NP-SBJ Drugs) (VP were (NP-PRD (NP a major issue) (PP-LOC in (NP (NP two days) (PP of (NP (NP talks) (PP between (NP (NP French President Francois Mitterrand) and (NP Spanish Prime Minister Felipe Gonzalez))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP demand (NP (NP the utmost severity) (PP-LOC in (NP (NP the fight) (PP against (NP drug traffickers))))))) , '' (NP-SBJ President Mitterrand) (VP said (S *T*-1) (PP-TMP after (NP (NP the meeting) (PP-LOC in (NP (NP Valladolid) , (NP Spain)))))) .)) (TOP (S (NP-SBJ He) (VP added : `` (S (NP-SBJ Banks) (VP must (VP open (NP their books))))) . '')) (TOP (S (NP-SBJ (NP The leaders ') talks) (VP coincided (PP-CLR with (NP (NP a meeting) (PP-LOC in (NP Madrid)) (PP of (NP (NP anti-drug experts) (PP from (NP (NP the U.S.) , (NP France) , (NP Italy) , (NP Spain) , (NP Peru) , (NP Bolivia) and (NP Colombia)))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-2 (NP That conference) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP began (NP-TMP yesterday)))) ,) (VP was (VP expected (S (NP-SBJ *-2) (VP to (VP cover (NP (NP such matters) (PP as (NP (NP police training) and (NP extradition agreements)))))))))) , (NP-SBJ Spanish officials) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Three Soviet government officials) -- (NP (NP the ministers) (PP (PP of (NP railroads)) , (PP of (NP foreign economic relations)) and (PP of (NP heavy-machine building)))) --) (VP will (VP visit (NP Tehran) (NP-TMP next month) (PP-PRP for (NP talks))))) , (NP-SBJ (NP Iran 's) official news agency) (VP reported (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC Under (NP (NP an agreement) (VP signed (NP *) (NP-TMP last June)))) , (NP-SBJ the Soviets) (VP will (VP help (NP Iran) (PP-LOC in (NP (NP oil exploration) and (NP other areas))) (PP in (NP (NP return) (PP for (NP (NP exports) (PP of (NP Iranian natural gas)))))))) .)) (TOP (S And (PP-LOC in (NP Paris)) , (NP-SBJ (NP Mahmoud Vaezi) , (NP (NP (NP Iran 's) vice minister) (PP of (NP foreign affairs))) ,) (VP began (NP (NP a five-day visit) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP discuss (NP (NP such matters) (PP as (NP (NP compensation) (PP to (NP French enterprises)) (PP for (NP (NP contracts) (VP broken (NP *) (PP by (NP-LGS the Khomeini regime)))))))) (ADVP *T*-1))))))) .)) (TOP (S (NP-SBJ (NP Toto Co.) , (NP a Japanese ceramics maker) ,) (VP has (VP developed (NP (NP a toilet) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP can (VP check (NP (NP the user 's) health)))))))) .)) (TOP (S (NP-SBJ A Toto spokesman) (VP said (SBAR 0 (S (S (NP-SBJ the toilet) (ADVP not only) (VP tests (NP (NP blood pressure) , (NP pulse) and (NP urine)))) , (S (NP-SBJ it) (ADVP also) (VP stores (NP the data) (PP-TMP for (NP (QP up to 130) days))))))) .)) (TOP (S (NP-SBJ-1 (NP Nippon Telegraph & Telephone Corp.) and (NP Omron Tateisi Electronics)) (VP are (VP involved (NP *-1) (PP-CLR with (NP (NP (NP Toto 's) new product) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP will (VP go (PP-DIR on (NP the market)) (PP-TMP in (NP (QP about two) years time)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP will (VP be (ADJP-PRD very expensive)))) , '' (NP-SBJ the spokesman) (VP warned (S *T*-1)) .)) (TOP (S `` (NP-SBJ The price) (VP can not (VP be (NP-PRD (QP less than $ 7,000) *U*))) . '')) (TOP (S (SBAR-TMP Since (S (NP-SBJ Mexican President Carlos Salinas de Gortari) (VP took (NP office) (NP-TMP last December)))) , (NP-SBJ special agents) (VP have (VP arrested (NP (QP more than 6,000) federal employees) (PP on (NP (NP charges) (VP ranging (PP-DIR (PP from (NP extortion)) (PP to (NP tax evasion)))))))) .)) (TOP (S (NP-SBJ (NP Hector Castaneda Jimenez) , (NP (NP chief prosecutor) (PP-LOC at (NP (NP the Attorney General 's) Office))) ,) (VP said (SBAR that (S (NP-SBJ-1 (NP an estimated (QP $ 82.8 million) *U*) (PP in (NP (NP government property) and (NP unpaid taxes)))) (VP have (VP been (VP recovered (NP *-1) (PP-LOC in (NP the campaign (S (NP-SBJ *) (VP to (VP root (PRT out) (NP official corruption)))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Castaneda 's) office) (VP will (ADVP reportedly) (VP issue (NP (NP warrants) (PP *ICH*-1)) (PP-TMP during (NP the next six months)) (PP-1 for (NP (NP the arrest) (PP of (NP (QP another 10,000) federal employees)))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 Those employees) (VP are (VP suspected (NP *-1) (PP-CLR of (S-NOM (NP-SBJ *) (VP (ADVP-MNR illegally) gaining (NP an estimated (QP $ 376.8 million) *U*))))))) , (NP-SBJ-2 the prosecutor) (VP was (VP quoted (PP-CLR as (S-NOM (NP-SBJ *-2) (VP saying (SBAR 0 (S *T*-3))))) (PP by (NP-LGS the Excelsior news service)))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ-1 federal agents) (VP hope (S (NP-SBJ *-1) (VP to (VP recover (NP (QP at least half) that amount)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The rest) (VP will (ADVP probably) not (VP be (ADJP-PRD recoverable) (ADVP either) (SBAR-PRP (SBAR because (S (NP-SBJ (NP the statute) (PP of (NP limitations))) (VP expired))) or (SBAR because (S (NP-SBJ-2 many) (VP prefer (S (NP-SBJ *-2) (VP to (VP (VP spend (NP additional time) (PP-LOC-CLR in (NP jail))) (CONJP rather than) (VP return (NP the money)))))))))))) , '' (NP-SBJ the prosecutor) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP The United Nations) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP distributing (NP farm tools) (PP-CLR to (NP (NP returning refugees) (PP-LOC in (NP Namibia)))))))) ,) (VP is (VP rethinking (NP a plan (S (NP-SBJ *) (VP to (VP hand (PRT out) (NP machetes))))) (PP-PRP because of (NP (NP the tense political climate) (PP-TMP during (NP (NP preparations) (PP for (NP (NP independence) (PP from (NP South Africa)))))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ The decision (S (NP-SBJ *) (VP to (VP distribute (NP (NP machetes) (SBAR *ICH*-1)) (PP-TMP at (NP this time)) , (SBAR-1 (WHNP-3 which) (S (NP-SBJ-2 *T*-3) (VP could (VP be (VP used (NP *-2) (PP-CLR as (NP weapons))))))) ,)))) (VP is (PP-LOC-PRD under (NP review)))) , '' (VP said (S *T*-4)) (NP-SBJ a U.N. spokesman) ... .)) (TOP (S (NP-SBJ (NP Sources) (ADVP-LOC close (PP to (NP (NP the family) (PP of (NP Pakistani Prime Minister Benazir Bhutto)))))) (VP said (SBAR 0 (S (NP-SBJ she) (VP is (VP expecting (NP a second child) , (NP-TMP probably early next year)))))) .)) (TOP (S (NP-SBJ Cray Research Inc.) (VP forecast (SBAR that (S (NP-SBJ 1990) (VP will (VP be (NP-PRD a no-growth year) (PP for (NP its supercomputer line))))))) .)) (TOP (S (PP-LOC In (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP has (VP become (NP-PRD (NP a series) (PP of (NP bad-news announcements)))))))) , (NP-SBJ (NP (NP the world 's) largest maker) (PP of (NP supercomputers))) (VP said (SBAR that (S (PP-TMP after (S-NOM (NP-SBJ *-2) (VP reviewing (NP its order prospects)))) , `` (NP-SBJ-2 we) (VP have (VP concluded (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-3)) (VP is (ADJP-PRD prudent) (S-3 (NP-SBJ *) (VP to (VP plan (PP-CLR for (NP next year)) (PP on (NP the assumption (SBAR 0 (S (NP-SBJ that revenue) (ADVP-TMP again) (VP will (VP be (ADJP-PRD flat)))))))))))))))))) . '')) (TOP (S (NP-SBJ Cray) (VP jolted (NP the market) (PP-TMP in (NP July)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-2 it) (VP slashed (NP (NP revenue and earnings projections) (PP for (NP this year))) (ADVP-TMP *T*-3) , (S-ADV (NP-SBJ *-2) (VP citing (NP (NP a slowing economy) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP delayed (NP (NP orders) (PP from (NP (UCP government as well as commercial) customers)))))))))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP made (NP (NP its 1990 projection) -- (NP (NP an unusual event) (PP for (NP Cray))) --) (PP-TMP in (S-NOM (NP-SBJ *-1) (VP announcing (NP (NP improved net income) (PP for (NP the third quarter))))))) .)) (TOP (S (NP-SBJ Cray) (VP said (SBAR 0 (S (NP-SBJ it) (VP earned (NP (NP (NP (QP $ 30.6 million) *U*) , or (NP (NP $ 1.04 *U*) (NP-ADV a share))) , (ADVP up (NP 35 %) (PP from (NP (NP (NP (QP $ 22.6 million) *U*) , or (NP (NP 73 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) ago))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP gained (NP 45 %) (PP-DIR to (NP (QP $ 210.2 million) *U*)) (PP-DIR from (NP (QP $ 145.2 million) *U*))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ earnings) (VP totaled (NP (NP (NP (QP $ 36.6 million) *U*) , or (NP (NP $ 1.24 *U*) (NP-ADV a share))) , (ADVP down (NP 46 %) (PP from (NP (NP (NP (QP $ 68.1 million) *U*) , or (NP (NP $ 2.19 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Revenue) (VP was (NP-PRD (NP (QP $ 454.6 million) *U*) , (NP (NP a (ADJP 6.9 %) gain) (PP from (NP (QP $ 425.4 million) *U*))))) .)) (TOP (S (NP-SBJ Cray) (VP made (NP its announcement) (SBAR-TMP after (S (NP-SBJ the stock market) (VP closed)))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Cray) (VP closed (ADVP-CLR down (NP $ 1.125 *U*)) (PP-CLR at (NP $ 34.25 *U*))) .)) (TOP (S (NP-SBJ Cray) (VP said (SBAR 0 (S (NP-SBJ its order backlog) (PP-TMP at (NP Sept. 30)) (VP was (NP-PRD (NP (QP $ 315 million) *U*) , (ADVP down (NP (QP $ 25 million) *U*) (PP from (NP June 30)))))))) .)) (TOP (S (NP-SBJ (NP Marcello Gumucio) , (NP president) ,) (VP said (SBAR 0 (S (NP-SBJ the company) `` (VP (VP did (ADVP-MNR-2 well) (PP-TMP in (NP the quarter)) (ADVP-3 as far (SBAR as (S (NP-SBJ-1 revenues and earnings) (VP are (VP concerned (NP *-1))))))) , and (VP (ADVP-MNR=2 not quite as well) (PP=3 in (NP (NP terms) (PP of (NP signing orders))))))))) . '')) (TOP (S-1 (PP As (PP for (NP the current period))) (PRN , (S (NP-SBJ Mr. Gumucio) (VP said (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ We) (VP anticipate (SBAR that (S (NP-SBJ fourth-quarter revenue and earnings) (VP will (VP be (UCP-PRD (ADJP (ADJP substantially greater) (PP than (NP (NP any) (PP of (NP the preceding three quarters))))) , but not (ADVP up (PP to (NP (NP the record levels) (PP of (NP (NP (NP last year 's) fourth quarter) '' (SBAR (WHADVP-2 when) (S (NP-SBJ Cray) (VP earned (NP (NP (QP $ 88.5 million) *U*) , or (NP (NP $ 2.80 *U*) (NP-ADV a share))) (ADVP-TMP *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ the company) (VP expects (NP `` strong '' operating profit) (PP for (NP the year)) , `` (FRAG but (PP at (NP (NP a level) (ADJP (ADJP significantly lower) (PP than (NP last year)))))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP 1989 's) net income) (VP could (VP be (NP-PRD (NP (NP (QP 11 % to 13 %) *U*) (PP of (NP revenue))) , (SBAR (WHNP-1 which) , (S (S-ADV (NP-SBJ *) (VP assuming (NP current expectations))) , (NP-SBJ *T*-1) (VP would (VP be (PP-PRD (NP (QP 40 % to 45 %) *U*) below (NP (NP 1988 's) level)))))))))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ Cray) (VP earned (NP (NP (QP $ 156.6 million) *U*) , or (NP (NP $ 4.99 *U*) (NP-ADV a share))) , (PP on (NP (NP revenue) (PP of (NP (QP $ 756.3 million) *U*))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Next year) `` (VP looks (ADJP-PRD dismal))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP analyst Paul Luber) (PP of (NP (NP Robert Baird & Co.) , (NP-LOC Milwaukee)))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Noting (SBAR that (S (NP-SBJ Cray) (VP does n't (VP have (NP (NP a low-end supercomputer) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP compete (PP-CLR with (NP (NP the likes) (PP of (NP (NP Convex Computer Corp.) and (NP International Business Machines Corp.)))))))))))))))) , (NP-SBJ-1 Mr. Luber) (VP said (SBAR 0 (S (NP-SBJ such a machine) (VP would (VP be (ADJP-PRD necessary) `` (S-PRP (NP-SBJ *) (VP to (VP get (S (NP-SBJ things) (ADJP-PRD back (PP on (NP line))) (ADVP-LOC here)))))))))) . '')) (TOP (S (NP-SBJ Cray) (VP has (VP indicated (SBAR 0 (S (NP-SBJ it) (VP will (VP decide (PP-CLR on (SBAR whether (S (NP-SBJ *) (VP to (VP build (NP such a machine)))))) (PP-TMP before (NP year end)))))))) .)) (TOP (S (NP-SBJ Johnson & Johnson) (VP reported (NP (NP (NP a (ADJP 10 %) rise) (PP-LOC in (NP third-quarter net income)) (PP on (NP a 12 % sales increase))) - (NP (NP results) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were (VP driven (NP *-1) (PP (ADVP particularly) by (NP-LGS (NP new products) (PP including (NP (NP pharmaceuticals) and (NP (NP the company 's) professional operations)))))))))))) .)) (TOP (S (NP-SBJ (NP Net) (PP for (NP (NP the (NP (NP New Brunswick) , (NP N.J.) ,) maker) (PP of (NP health-care products))))) (VP climbed (PP-DIR to (NP (NP (QP $ 265 million) *U*) , or (NP (NP 80 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (NP (QP $ 240 million) *U*) , or (NP (NP 71 cents) (NP-ADV a share)) ,) (PP-TMP in (NP the year-earlier period))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (PP-DIR to (NP (QP $ 2.45 billion) *U*)) (PP-DIR from (NP (QP $ 2.2 billion) *U*))) .)) (TOP (S (NP-SBJ-1 The year-ago per-share earnings) (VP are (VP adjusted (S (NP-SBJ *-1) (VP to (VP reflect (NP (NP a 2-for-1 stock split) (NP-TMP last May))))))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ (NP Ralph S. Larsen) , (NP (NP chairman) and (NP chief executive officer)) ,) (VP said (SBAR 0 (S (NP-SBJ the company) (VP was (ADJP-PRD pleased (PP with (NP its third-quarter sales performance))) , `` (PP (ADVP especially) in (NP (NP light) (PP of (NP (NP (NP the extremely competitive environment) (PP-LOC in (NP domestic consumer markets))) and (NP (NP the negative impact) (PP of (NP (NP unfavorable exchange rates) (NP-TMP this quarter)))))))))))) . '')) (TOP (S (NP-SBJ (NP David J. Lothson) , (NP (NP an industry analyst) (PP for (NP PaineWebber Group Inc.))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP Johnson & Johnson 's) results) (VP (ADVP-EXT slightly) exceeded (NP (NP his expectations) (PP for (NP the third quarter))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Johnson & Johnson shares) (VP fell (NP-EXT 37.5 cents) (PP-DIR to (NP $ 54.625 *U*))) .)) (TOP (S (NP-SBJ Mr. Larsen) (VP noted (NP (NP `` substantial sales growth '') (PP for (NP (NP the (ADJP recently introduced) Acuvue disposable contact lens) and (NP (NP Hismanal) , (NP a once-a-day antihistamine)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP (NP Eprex) , (VP used (NP *) (PP by (NP-LGS (NP dialysis patients) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD anemic)))))))) , and (NP (NP Prepulsid) , (NP a gastro-intestinal drug)) ,) (VP did (ADVP-MNR well) (ADVP-LOC overseas))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-3 (PP Despite (NP (NP health-care cost controls) and (NP (NP programs) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP hold (PRT down) (NP inventory)))))))) , (NP-SBJ (NP the professional division) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP (NP products) (PP including (NP (NP sutures) and (NP surgical stapling equipment))))))) ,) `` (VP achieved (NP solid growth))) , '' (NP-SBJ Johnson & Johnson) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S But (NP-SBJ domestic consumer sales) (VP slipped (NP-EXT 1.2 %) (PP for (NP the quarter)) , (PP-DIR to (NP (QP $ 490 million) *U*)) (PP-DIR from (NP (QP $ 496 million) *U*))) .)) (TOP (S (NP-SBJ The company) (VP cited (NP (NP (NP softness) (PP-LOC in (NP the retail health and beauty aids category))) , `` as well as (NP (NP the intense competition) (PP-LOC in (NP (NP the company 's) sanitary protection product line))))) . '')) (TOP (S (S-TPC-2 (NP-SBJ Overseas sales) (VP were (ADJP-PRD stronger) , (PP-PRP (ADVP principally) because of (NP (NP a rebound) (PP-LOC in (NP (NP Brazil) , (SBAR (WHADVP-1 where) (S (NP-SBJ economic turmoil) (VP had (VP hurt (NP year-earlier results) (ADVP-LOC *T*-1))))))))))) , (NP-SBJ Johnson & Johnson) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Mr. Lothson) (PP of (NP PaineWebber))) (VP said (SBAR 0 (S (NP-SBJ (NP the company 's) sales pace) (VP has (VP been (VP picking (ADVP-CLR up) (SBAR-PRP (ADVP largely) because (S (NP-SBJ (NP the effect) (PP of (NP unfavorable exchange rates))) (VP has (VP been (VP easing -- (NP-ADV (NP a pattern) (VP continuing (NP-TMP this quarter)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP cautioned , (ADVP however) , (SBAR that (S (NP-SBJ a `` tough tax-rate comparison '') (VP may (VP slow (NP (NP (NP the company 's) earnings growth) (PP for (NP the current quarter)))))))) .)) (TOP (S (S-TPC-1 (PP For (NP (NP last year 's) fourth quarter)) , (NP-SBJ (NP the company 's) tax rate) (VP was (NP-PRD (QP less than 20) %))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S-2 (SBAR-ADV While (S (NP-SBJ the third period) (VP contained (NP no major surprises)))) (PRN , (S (NP-SBJ Mr. Lothson) (VP said (SBAR 0 (S *T*-2)))) ,) (NP-SBJ the results) (VP show (SBAR (WHADJP-1 how sensitive) (S (NP-SBJ the multinationals) (VP can (VP be (ADJP-PRD *T*-1) (PP to (NP (NP developments) (PP-LOC in (NP (NP a single country) such as (NP Brazil)))))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP questioned (SBAR whether (S (NP-SBJ-1 (NP recent gains) (PP-LOC in (NP that country))) (VP can (VP be (VP sustained (NP *-1))))))) .)) (TOP (S (NP-SBJ-4 The following issues) (VP were (ADVP-TMP recently) (VP filed (NP *-4) (PP-CLR with (NP the Securities and Exchange Commission)))) :)) (TOP (NP (NP Bergen Brunswig Corp.) , (NP (NP proposed offering) (PP of (NP liquid yield option notes))) , (PP via (NP Merrill Lynch Capital Markets)) .)) (TOP (NP (NP Columbia Gas System Inc.) , (NP (NP shelf offering) (PP of (NP (NP (QP up to $ 200 million) *U*) (PP of (NP debentures))))) .)) (TOP (NP (NP Laserscope) , (NP (NP initial offering) (PP of (NP (NP 1,656,870 common shares) , (SBAR (WHPP-2 of (WHNP which)) (S (S (NP-SBJ-3 (NP 1,455,000 shares) (PP *T*-2)) (VP are (S (NP-SBJ-1 *-3) (VP to (VP be (VP sold (NP *-1) (PP-4 by (NP-LGS the company)))))))) and (S (NP-SBJ=3 (NP 201,870) (PP *T*-2)) (PP=4 by (NP-LGS holders))))))) , (PP via (NP (NP Alex . Brown & Sons Inc.) and (NP Volpe , Covington & Welty)))) .)) (TOP (NP (NP TeleVideo Systems Inc.) , (NP (NP proposed offering) (PP of (NP (NP 1,853,735 common shares) , (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP be (VP sold (NP *-2) (PP by (NP-LGS holders)))))))))) .)) (TOP (NP (NP Western Gas System Inc.) , (NP (NP initial offering) (PP of (NP (NP 3,250,000 common shares) , (SBAR (WHPP-1 of (WHNP which)) (S (NP-SBJ-3 (NP 3,040,000 shares) (PP *T*-1)) (VP will (VP be (VP sold (NP *-3) (PP-2 by (NP-LGS the company))))) and (S (NP-SBJ=3 (NP 210,000) (PP *T*-1)) (PP=2 by (NP a holder))))))) , (PP via (NP (NP Prudential-Bache Capital Funding) , (NP Smith Barney) , (NP Harris Upham & Co.) and (NP Hanifen , Imhoff Inc)))) .)) (TOP (S (NP-SBJ Insiders) (VP have (VP been (VP selling (NP (NP shares) (PP in (NP (NP Dun & Bradstreet Corp.) , (NP the huge credit-information concern))))))) .)) (TOP (S (NP-SBJ (NP Six top executives) (PP-LOC at (NP the New York-based company))) (VP sold (NP shares) (PP-TMP in (NP August and September))) .)) (TOP (S (NP-SBJ (NP Four) (PP of (NP those insiders))) (VP sold (NP (QP more than half) their holdings)) .)) (TOP (S (NP-SBJ The stock) , (PP-LOC in (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (VP closed (PP-CLR at (NP (NP $ 51.75 *U*) , (ADVP up (NP 62.5 cents)) , (PP-LOC (ADVP well) below (NP (NP (NP the (QP $ 56.13 to $ 60) *U*) (NP-ADV a share)) (SBAR (WHNP-4 0) (S (NP-SBJ the insiders) (VP received (NP *T*-4) (PP for (NP their shares)))))))))) .)) (TOP (S (NP-SBJ (NP Much) (PP of (NP (NP the recent slide) (PP-LOC in (NP (NP Dun & Bradstreet 's) stock))))) (VP came (NP-TMP late last week) , (PP-TMP after (NP (NP negative comments) (PP by (NP (NP analysts) (PP-LOC at (NP (NP Merrill Lynch & Co.) and (NP Goldman , Sachs & Co)))))))) .)) (TOP (S (NP-SBJ-1 A company spokesman) (VP (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) and (VP said (SBAR that (S (NP-SBJ (NP the officials) (SBAR (WHNP-4 who) (S (NP-SBJ *T*-4) (VP sold (NP shares))))) (VP would n't (VP comment)))))) .)) (TOP (S (NP-SBJ-1 (NP One) (PP of (NP (NP Dun & Bradstreet 's) chief businesses))) (VP is (S (NP-SBJ *-1) (VP compiling (NP (NP reports) (SBAR (WHNP-4 that) (S (NP-SBJ *T*-4) (VP rate (NP (NP the credit-worthiness) (PP of (NP (NP millions) (PP of (NP American companies)))))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP owns (NP (NP (NP (NP Moody 's) Investors Service) , (SBAR (WHNP-4 which) (S (NP-SBJ *T*-4) (VP assigns (NP credit-ratings) (PP-CLR to (NP (NP bonds) and (NP preferred stock))))))) ; (NP (NP A.C. Nielsen) , (VP known (NP *) (PP for (NP (NP its data) (PP on (NP television-viewing patterns)))))) , and (NP Yellow-pages publisher Donnelley))) .)) (TOP (S (NP-TMP Last March) , (NP-SBJ this newspaper) (VP reported (PP-CLR on (NP widespread allegations (SBAR that (S (NP-SBJ the company) (VP misled (NP many customers) (PP-DIR into (S-NOM (NP-SBJ *) (VP purchasing (NP (NP more credit-data services) (PP than (S-NOM (NP-SBJ *) (VP needed))))))))))))) .)) (TOP (S (PP-TMP In (NP June)) , (NP-SBJ-1 the company) (VP agreed (S (NP-SBJ *-1) (VP to (VP settle (PP-CLR for (NP (QP $ 18 million) *U*)) (NP (NP several lawsuits) (VP related (NP *) (PP-CLR to (NP its sales practices)))) , (PP without (S-NOM (NP-SBJ *) (VP admitting or denying (NP the charges)))))))) .)) (TOP (S (NP-SBJ (NP An investigation) (PP by (NP U.S. Postal inspectors))) (VP is (VP continuing)) .)) (TOP (S (PP-LOC Among (NP the insider sales)) , (NP-SBJ (NP Charles Raikes) , (NP (NP the firm 's) general counsel)) , (VP sold (NP (NP 12,281 shares) (VP *ICH*-1)) (PP-TMP in (NP August)) , (VP-1 representing (NP (NP 46 %) (PP of (NP (NP his holdings) (PP in (NP the company))))))) .)) (TOP (S (NP-SBJ He) (VP received (NP $ 724,579 *U*) (PP for (NP the shares)) , (PP according (PP to (NP (NP insider filings) (PP with (NP the Securities and Exchange Commission)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP John C. Holt) , (NP an (NX (NX executive vice president) and (NX Dun & Bradstreet director))) ,) (VP sold (NP 10,000 shares) (PP-TMP on (NP Aug. 31)) (PP-CLR for (NP $ 588,800 *U*)))) , (NP-SBJ filings) (VP show (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP retains (NP 9,232 shares)) .)) (TOP (S (NP-SBJ (NP William H.J. Buchanan) , (NP (NP the firm 's) (NX (NX secretary) and (NX associate general counsel))) ,) (VP sold (NP 7,000 shares) (PP-LOC in (NP two separate sales)) (PP-TMP in (NP September)) (PP-CLR for (NP $ 406,000 *U*))) .)) (TOP (S (NP-SBJ The shares) (VP represented (NP (NP 66 %) (PP of (NP his Dun & Bradstreet holdings))) , (PP according (PP to (NP the company)))) .)) (TOP (S (NP-SBJ (NP The other insiders) , (NP all (ADJP senior or executive) vice presidents) ,) (VP sold (NP (NP (QP between 2,520 and 6,881) shares) , (VP representing (NP (NP (QP between 8 % and 70 %) *U*) (PP of (NP their holdings))))) , (PP according (PP to (NP SEC filings)))) .)) (TOP (S (NP-SBJ (NP Dun & Bradstreet 's) stock price) (VP began (NP (NP its recent spiral) (ADVP downward)) (NP-TMP (NP last Wednesday) , (SBAR (WHADVP-1 when) (S (NP-SBJ the company) (VP reported (NP third-quarter results) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ Net income) (VP rose (PP-DIR to (NP (NP 83 cents) (NP-ADV a share))) (PP-DIR from (NP (NP (NP 72 cents) (NP-ADV a share)) (NP-TMP the year-earlier period)))) .)) (TOP (S But (NP-SBJ analysts) (VP focused (ADVP-EXT more) (PP-CLR on (NP (NP the drop) (PP-LOC in (NP revenue)) , (PP to (NP (QP $ 1.04 billion) *U*)) (PP from (NP (QP $ 1.07 billion) *U*)) , (VP reflecting (PP-EXT in (NP part)) (NP (NP a continuing drop) (PP-LOC in (NP (NP sales) (PP of (NP the controversial credit-reporting services))))))))) .)) (TOP (S (NP-TMP Last Thursday) , (NP-SBJ-1 Merrill Lynch securities analyst Peter Falco) (VP downgraded (NP (NP his investment rating) (PP on (NP the firm))) , (PP according (PP to (NP Dow Jones Professional Investors Report))) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP a slowdown) (PP-LOC in (NP the credit-reporting business)))))) .)) (TOP (S (NP-SBJ He) (VP (VP cut (NP his rating) (PP-CLR to (NP a short-term hold)) (PP-CLR from (NP above-average performer))) and (VP reduced (NP his 1990 earnings estimate))) .)) (TOP (S (NP-SBJ-1 Mr. Falco) (VP continues (S (NP-SBJ *-1) (VP to (VP rank (S (NP-SBJ the stock) (NP-PRD a longterm buy)))))) .)) (TOP (S (NP-SBJ The stock) (VP slid (NP-EXT $ 1.875 *U*) (PP on (NP (QP more than four times) average daily volume))) .)) (TOP (S (NP-SBJ The stock) (VP received (NP another blow) (PP-TMP on (NP (NP Friday) , (SBAR (WHADVP-2 when) (S (NP-SBJ Goldman Sachs analyst Eric Philo) (VP advised (SBAR that (S (NP-SBJ (NP investors) (PP with (NP short-term horizons))) (VP should (VP avoid (NP Dun & Bradstreet stock) (SBAR-PRP because (S (NP-SBJ-1 it) (VP is (ADJP-PRD unlikely (S (NP-SBJ *-1) (VP to (VP outperform (NP the market)))))))))))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ The stock) (VP fell (NP-EXT 75 cents)) .)) (TOP (S (S (NP-SBJ Insider selling) (VP is not (ADJP-PRD unusual) (PP-LOC at (NP Dun & Bradstreet)))) ; (S (PP in (NP fact)) , (NP-SBJ (NP the recent pace) (PP of (NP selling))) (VP is (ADJP-PRD just about average (PP for (NP the company))) , (PP according (PP to (NP (NP figures) (VP compiled (NP *) (PP by (NP-LGS (NP Invest/Net) , (NP (NP a (NP (NP North Miami) , (NP Fla.) ,) firm) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP specializes (PP-CLR in (S-NOM (NP-SBJ *) (VP tracking and analyzing (NP SEC insider filings)))))))))))))))) .)) (TOP (SINV (S-TPC-1 But (NP-SBJ previous sales) (VP have (ADVP-TMP often) (VP been (NP-PRD (NP sales) (PP of (NP (NP shares) (VP (VP purchased (NP *) (PP through (NP (NP the exercise) (PP of (NP stock options))))) and (VP sold (ADVP-TMP (NP six months) later) , (ADVP-TMP as soon (SBAR as (S (NP-SBJ-2 *) (VP allowed (NP *-2))))))))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Robert Gabele) , (NP (NP president) (PP of (NP Invest/Net)))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The most recent sales) (VP do n't (VP appear (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD option-related))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (NP-HLN TASTY PROFITS :)) (TOP (S (NP-SBJ (NP Michael A. Miles) , (NP (NP chief executive officer) (PP of (NP (NP Philip Morris Cos . ') Kraft General Foods unit))) ,) (VP bought (NP (NP 6,000 shares) (PP of (NP the company))) (PP-TMP on (NP Sept. 22)) (PP-CLR for (NP (NP $ 157 *U*) (NP-ADV each)))) .)) (TOP (S (NP-SBJ The (ADJP $ 942,000 *U*) purchase) (VP raised (NP his holdings) (PP-DIR to (NP 74,000 shares))) .)) (TOP (S (NP-SBJ The stock) (VP split (ADVP four-for-one) (PP-TMP on (NP Oct. 10))) .)) (TOP (S (NP-SBJ (NP Mr. Miles 's) (ADJP newly purchased) shares) (VP are (ADVP-TMP now) (ADJP-PRD worth (NP $ 1,068,000 *U*)) , (PP based (PP on (NP (NP (NP Philip Morris 's) closing price) (PP of (NP (NP $ 44.50 *U*) , (ADVP up (NP 62.5 cents)) ,)) (PP-LOC in (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange)) (NP-TMP yesterday))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP Mr. Miles))) (VP said (SBAR 0 (S (NP-SBJ he) (VP bought (NP the shares) (SBAR-PRP because (S (NP-SBJ he) (VP felt (SBAR 0 (S (NP-SBJ they) (VP were `` (NP-PRD a good investment))))))))))) . '')) (TOP (S (S (NP-SBJ The executive) (VP made (NP his purchases) (PP-TMP (ADVP shortly) before (S-NOM (NP-SBJ-1 *) (VP being (VP named (NP *-1) (PP-CLR to (NP his current (NP chief executive officer 's) position)))))))) ; (S (ADVP-TMP formerly) (NP-SBJ he) (VP was (NP-PRD (NP Kraft General Foods ') chief operating officer))) .)) (TOP (S-HLN (NP-SBJ *) (VP SHEDDING (NP GLITTER)) :)) (TOP (S (NP-SBJ (NP Two directors) (PP of (NP (NP Pegasus Gold Inc.) , (NP a (NP (NP Spokane) , (NP Wash.) ,) precious-metals mining firm) ,))) (VP sold (NP (NP most) (PP of (NP (NP their holdings) (PP in (NP the company))))) (NP-TMP Aug. 31)) .)) (TOP (S (NP-SBJ-1 John J. Crabb) (VP sold (NP 4,500 shares) (PP-CLR for (NP (NP $ 11.13 *U*) (NP-ADV each))) , (S-ADV (NP-SBJ *-1) (VP leaving (NP himself) (PP-CLR with (NP (NP a stake) (PP of (NP 500 shares))))))) .)) (TOP (S (NP-SBJ He) (VP received (NP $ 50,085 *U*)) .)) (TOP (S (NP-SBJ Peter Kutney) (VP sold (NP (NP 5,000 shares) , (NP (NP all) (PP of (NP his holdings)))) , (PP-CLR for (NP (NP (NP $ 11.38 *U*) (NP-ADV a share)) , or (NP $ 56,900 *U*)))) .)) (TOP (S (NP-SBJ (NP Gary Straub) , (NP (NP corporate counsel) (PP for (NP the company))) ,) (VP said (SBAR 0 (S (NP-SBJ the directors) (VP sold (PP for `` (NP personal financial reasons)))))) . '')) (TOP (S (NP-SBJ-1 Both insiders) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (PP-LOC On (NP Wall Street)) , (S (NP-SBJ Merrill Lynch & Co. analyst Daniel A. Roling) (VP rates (S (NP-SBJ the stock) `` (ADJP-PRD neutral) ''))) and (S (NP-SBJ Drexel Burnham Lambert Inc.) (VP lists (NP it) (PP-CLR as (NP a `` buy)))) . '')) (TOP (SINV (S-TPC-1 (NP-SBJ Pegasus Gold) `` (VP has (VP been (PP-LOC-PRD on (NP (NP a lot) (PP of (NP recommended lists)))) (PP as (NP (NP a junior growth company) (VP stepping (PP-DIR into (NP the big leagues)))))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Marty McNeill) , (NP (NP metals analyst) (PP-LOC at (NP (NP Dominick & Dominick) , (NP a New York investment firm))))) .)) (TOP (S `` (S (NP-SBJ It) (VP 's (UCP-PRD (NP a good company) , and (VP growing)))) ; (S (NP-SBJ there ) (VP 's (NP-PRD (NP nothing) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP warrant (SBAR that (S (NP-SBJ-1 it) (VP be (VP sold (NP *-1)))))))))))) . '')) (TOP (S (NP-TMP Yesterday) , (PP-LOC in (NP composite trading)) (PP-LOC on (NP the American Stock Exchange)) , (NP-SBJ Pegasus) (VP closed (PP-CLR at (NP (NP $ 10.125 *U*) , (ADVP up (NP 12.5 cents))))) .)) (TOP (S (NP-SBJ-1 Medieval philosophers) (VP used (S (NP-SBJ *-1) (VP to (VP hold (NP the sensible belief (SBAR (SBAR that (S (NP-SBJ (NP it) (S *EXP*-3)) (VP was (ADJP-PRD (ADJP more perfect) (SBAR *ICH*-2)) (S-3 (NP-SBJ *) (VP to (VP exist))) (SBAR-2 than (S (NP-SBJ *) not (VP to (VP exist))))))) , and (SBAR that (S (S-SBJ (NP-SBJ *) (VP to (VP exist (PP as (NP (NP a matter) (PP of (NP necessity))))))) (VP was (NP-PRD (NP most perfect) (PP of (NP all)))))))))))) .)) (TOP (S (S (ADVP-TMP Now) , (NP-SBJ only God) (VP exists (PP as (NP (NP a matter) (PP of (NP absolute necessity)))))) ; (S (NP-SBJ-1 it) (VP is (VP built (NP *-1) (PP-CLR into (NP His nature))))) .)) (TOP (S But (PP-TMP since (NP (NP the time) (PP of (NP Darwin)))) , (NP-SBJ we humans) (VP could (VP (ADVP at least) claim (NP (NP a sort) (PP of (NP (NP natural necessity) (PP for (NP (NP the existence) (PP of (NP our species))))))))) .)) (TOP (SQ Are n't (NP-SBJ we) , (PP after (NP all)) , (NP-PRD (NP the inevitable culmination) (PP of (NP (NP that stately pageant) (VP called (S (NP-SBJ *) (NP-PRD evolution)))))) ?)) (TOP (S (SBAR-ADV If (S (NP-SBJ (NP mutation) and (NP natural selection)) (VP (ADVP-MNR slowly but surely) give (NP-CLR rise) (PP-CLR to (NP (NP (ADJP (ADVP more and more) advanced) forms) (PP of (NP life))))))) , (ADVP then) (NP-SBJ it) (VP was (ADVP only) (NP-PRD (NP a matter) (PP of (NP eons))) (SBAR-TMP before (S (NP-SBJ (NP splendid beings) (VP endowed (NP *) (PP-CLR with (NP reason , self-awareness and taste)))) (VP shimmered (PP-DIR onto (NP the scene)))))) .)) (TOP (SINV (ADVP-TMP Now) (ADVP-CLR-TPC-1 along) (VP comes (ADVP-CLR *T*-1)) (NP-SBJ-2 Stephen Jay Gould) (S-PRP (NP-SBJ *-2) (VP to (VP dash (NP this flattering illusion)))) .)) (TOP (S (NP-SBJ His credentials) (VP are (ADJP-PRD excellent) (PP for (NP the task))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD (NP (NP Star lecturer) (PP-LOC at (NP Harvard))) , (NP (NP author) (PP of (NP (NP numerous popular books) (PP on (NP science))))) , and (NP (NP scourge) (PP of (NP the creationist lobby))) ,)) (NP-SBJ-1 Mr. Gould) (VP is (ADVP perhaps) (NP-PRD (NP the world 's) (ADJP most eminent) evolutionary theorist)) .)) (TOP (S Yet (NP-SBJ he) (VP puts (NP quite a twist) (PP-CLR on (NP (NP the old story) (VP handed (NP *) (ADVP-CLR down) (PP-DIR from (NP Darwin)))))) .)) (TOP (S (PP For (NP him)) , (S (NP-SBJ natural history) (VP is (NP-PRD (NP anything) (PP but (NP (NP a gradual , predictable march) (PP from (NP primordial slime)) (PP to (NP human consciousness))))))) ; (S (NP-SBJ it) (VP is (NP-PRD (NP a careening , chaotic affair) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ (NP the emergence) (PP of (NP a featherless biped))) (VP was (NP-PRD a one-in-a-million shot) (PP-LOC *T*-1))))))) .)) (TOP (S (PP-LOC In (NP `` (NP-TTL (NP Wonderful Life) : (NP (NP The Burgess Shale) and (NP (NP the Nature) (PP of (NP History))))) '' (PRN -LRB- (NP Norton) , (NP 326 pages) , (NP $ 19.95 *U*) -RRB-))) , (NP-SBJ Mr. Gould) (VP makes (NP (NP his case) (PP for `` (NP (NP the awesome improbability) (PP of (NP human evolution)))))) . '')) (TOP (S (NP-SBJ The argument) (VP turns (PP-CLR on (NP (NP the discovery) (PP-TMP in (NP 1909)) (PP of (NP (NP an amazing fossil quarry) (PP-LOC (ADVP high) in (NP the Canadian Rockies)) (VP called (S (NP-SBJ *) (NP-PRD the Burgess Shale)))))))) .)) (TOP (SINV (ADVP-LOC Here) , (PP-LOC in (NP (NP an area) (ADJP (ADJP smaller) (PP than (NP a city block))))) , (VP lay (S (NP-SBJ-6 *-5) (VP buried (NP *-6)))) (NP-SBJ-5 (NP traces) (PP of (NP (NP (NP countless weird creatures) (SBAR (WHNP-4 that) (S (NP-SBJ *T*-4) (VP had (VP frolicked (ADVP-TMP (NP (QP more than 500 million) years) ago)))))) -- (NP (NP creatures) (SBAR (WHNP-2 whose anatomical variety) (S (NP-SBJ *T*-2) (VP (ADVP far) exceeded (SBAR-NOM (WHNP-3 what) (S (NP-SBJ-1 *T*-3) (VP can (VP be (VP found (NP *-1) (PP-LOC in (NP all (NP the world 's) oceans)) (NP-TMP today))))))))))))) .)) (TOP (S (NP-SBJ (NP Such an embarrassment) (PP of (NP riches))) (VP was (ADJP-PRD inconceivable) (PP to (NP (NP (NP the man) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP discovered (NP the Burgess Shale))))) , (NP one Charles Doolittle Walcott)))) .)) (TOP (S (NP-SBJ (NP The received Darwinian wisdom) (PP of (NP the day))) (VP said (SBAR that (S (NP-SBJ (NP animals) (VP living (ADVP-TMP so long ago))) (VP must (VP be (ADJP-PRD (ADJP simple (PP in (NP design))) , (ADJP limited (PP in (NP scope))) and (ADJP ancestral (PP to (NP contemporary species))))))))) .)) (TOP (S (ADVP Accordingly) , (NP-SBJ the hidebound traditionalist) (VP reconstructed (NP hypothetical organisms) (PP-CLR from (NP the Burgess fossils)) (PP-MNR in (NP (NP such a way) (SBAR that (S (NP-SBJ-1 they) (VP could (VP be (VP shoehorned (NP *-1) (PP-DIR into (NP familiar categories)))))))))) .)) (TOP (S-CLF (NP-SBJ It) (VP was not (PP-PRD until (NP the early 1970s)) (SBAR that (S (NP-SBJ-2 (NP Cambridge Prof. Harry Whittington) and (NP two sharp graduate students)) (VP began (S (NP-SBJ *-2) (VP to (VP publish (NP (NP a reinterpretation) (PP of (NP the Burgess Shale)))))))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-2) (VP making (NP (NP clever inferences) (PP about (SBAR (WHADVP-1 how) (S (NP-SBJ the (ADJP squashed and distorted) fossil remains) (VP corresponded (PP-CLR to (NP three-dimensional structures)) (ADVP-MNR *T*-1))))))))) , (NP-SBJ-2 this trio) (VP was (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP piece (ADVP-CLR together) (NP (NP a series) (PP of (NP wondrous beasties)) (ADJP quite unlike (NP (NP anything) (PP-LOC (ADVP-TMP currently) on (NP the planet)))))))))) .)) (TOP (S (NP-SBJ One) (VP was (ADJP-PRD (ADJP so fantastic) (PP in (NP appearance)) , (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP dubbed (S (NP-SBJ *-1) (NP-PRD Hallucigenia)))))))) .)) (TOP (S (NP-SBJ *) (VP Would (SBAR that (S (NP-SBJ (NP (NP Mr. Gould 's) minute descriptions) (PP of (NP these creatures))) (VP was (ADVP-TMP always) (ADJP-PRD so colorful))))) .)) (TOP (S (NP-SBJ (NP (NP A good deal) (PP of (NP the book))) (NP *ICH*-1)) (VP is (ADJP-PRD boring) , (NP-1 (ADVP particularly) (NP (NP the endless allusions) (PP to (NP (ADJP high and pop) culture))) and (NP (NP the frequent jokes) (VP festooning (NP the text))))) .)) (TOP (S (NP-SBJ These turns) (VP do not (VP provide (NP (NP sufficient relief) (PP from (NP (NP sentences) (PP like , `` (S (NP-SBJ Most modern chelicerates) (VP have (NP six uniramous appendages) (PP-LOC on (NP the prosoma)))))))))) . '')) (TOP (S (NP-SBJ Interest) (VP picks (PRT up) , (ADVP though) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Mr. Gould) (VP gets (ADVP-CLR around) (PP-CLR to (S-NOM (NP-SBJ *) (VP discussing (NP (NP the meaning) (PP of (NP the Burgess oddities)) (PP for (NP (NP the theory) (PP of (NP evolution)))))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (PP-TMP (NP Not long) after (NP (NP the appearance) (PP of (NP life)))) , (ADVP evidently) , (NP-SBJ there) (VP was (NP-PRD (NP an explosive proliferation) (PP-LOC in (NP (NP the number) (PP of (NP animal designs)) (VP seen (NP *) (PP-LOC on (NP the earth))))))) .)) (TOP (S (NP-SBJ-2 (NP The vast majority) (PP of (NP them))) , (ADVP however) , (VP were (VP wiped (NP *-2) (PRT out) (PP by (NP-LGS (NP a succession) (PP of (NP (NP environmental upheavals) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP were (ADJP-PRD too sudden and catastrophic (SBAR for (S (NP-SBJ (NP the normal rules) (PP of (NP natural selection))) (VP to (VP operate)))))))))))))) .)) (TOP (S (ADVP Consequently) , (NP-SBJ the winnowing process) (VP was (PP-PRD like (NP (NP a lottery) `` (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ each group) (VP -LCB- held -RCB- (NP (NP a ticket) (ADJP unrelated (PP to (NP its anatomical virtues)))) (PP-LOC *T*-1))))))) .)) (TOP (FRAG '' (NP So much) (PP for (NP (NP survival) (PP of (NP the fittest)))) .)) (TOP (FRAG (NP So much) , (ADVP too) , (PP for (NP the notion (SBAR that (S (NP-SBJ-1 we humans) (VP triumphed (PP-LOC in (NP the Darwinian struggle)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP evolving (NP big brains))))))))) .)) (TOP (S (NP-SBJ Our mammalian forerunners) (VP lucked (PRT out) (PP through (NP (NP the extraterrestrial impact) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP did (PRT in) (NP the dinosaurs)))))) (SBAR-PRP because (S (NP-SBJ they) (VP were (ADJP-PRD small , not smart))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 anyone) (VP has (NP (NP difficulty) (S-NOM (NP-SBJ *-2) (VP imagining (NP (NP a world) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ history) (VP went (ADVP-MNR merrily) (ADVP-CLR on) (PP without (NP us)) (PP-LOC *T*-1))))))))))) , (NP-SBJ Mr. Gould) (VP sketches (NP several)) .)) (TOP (S (S (PP-LOC In (NP one)) , (NP-SBJ birds) (VP are (NP-PRD the dominant carnivores))) ; (S (PP-LOC in (NP another)) (NP-SBJ the seas) (VP abound (PP-CLR with `` (NP little penises)))) . '')) (TOP (S-1 (ADVP-TMP Back (SBAR (WHADVP-2 when) (S (NP-SBJ the Burgess fauna) (VP were (VP flourishing (ADVP-TMP *T*-2)))))) (PRN , (S (NP-SBJ it) (VP seems (SBAR 0 (S *T*-1)))) ,) (NP-SBJ human evolutionary hopes) (VP hung (PP-CLR on (NP (NP the survival) (PP of (NP (NP a little worm) (PP with (NP a backbone)) (VP called (S (NP-SBJ *) (NP-PRD Pikaia)))))))) .)) (TOP (S (S (NP-SBJ Mr. Gould) (VP finds (S (NP-SBJ this) (ADJP-PRD oddly exhilarating)))) ; (S (S-ADV (NP-SBJ *-1) (PP-PRD like (NP (NP an existentialist) (PP of (NP old))))) , (NP-SBJ-1 he) (VP views (NP our contingency) (PP-CLR as `` (NP (NP a source) (PP of (NP both (NP freedom) and (NP consequent moral responsibility))))))) . '')) (TOP (S (NP-SBJ-1 I) , (PP by (NP contrast)) , (VP can not (VP help (S (NP-SBJ *-1) (VP feeling (SBAR that (S (SBAR-ADV if (S (NP-SBJ (NP some other curiosity) (PP from (NP the Burgess Shale))) (VP had (VP survived (ADVP instead))))) , (NP-SBJ (NP beings) (ADJP (ADVP at once) (ADJP wiser) and (ADJP (ADJP less boorish) (PP than (NP Homo sapiens))))) (VP might (VP have (ADVP-TMP eventually) (VP gained (NP earthly dominion)))))))))) .)) (TOP (S But (SBAR-ADV even if (S (NP-SBJ no conscious life) (VP had (VP evolved (ADVP-LOC here) (ADVP at all))))) , (NP-SBJ-1 the universe) (VP is (UCP-PRD (NP a big place) , and (PP given (NP the right conditions)) , (ADJP-PRD sympathetic (PP to (S-NOM (NP-SBJ *-1) (VP creating (NP (NP some form) (PP of (NP life))))))))) .)) (TOP (S (ADVP Surely) (PP-LOC at (NP some other cosmic address)) (NP-SBJ-1 a Gouldoid creature) (VP would (VP have (VP risen (ADVP-DIR out (PP of (NP the ooze))) (S-PRP (NP-SBJ *-1) (VP to (VP explain (SBAR (WHADVP-2 why) , (S (S-ADV (NP-SBJ *) (VP (ADVP-MNR paleontologically) speaking)) , `` (NP-SBJ it) (VP is , (ADVP indeed) , (NP-PRD a wonderful life) (ADVP-PRP *T*-2)))))))))) . '')) (TOP (S (NP-SBJ Mr. Holt) (VP is (NP-PRD (NP a columnist) (PP for (NP (NP the Literary Review) (PP-LOC in (NP London)))))) .)) (TOP (S (NP-SBJ-1 The Justice Department) (VP scrambled (S (NP-SBJ *-1) (VP to (VP play (PRT down) (NP (NP the significance) (PP of (NP (NP its new guidelines) (VP concerning (NP (NP prosecutions) (PP-LOC under (NP the federal racketeering law))))))))))) .)) (TOP (S (NP-SBJ-1 The guidelines) (VP (VP were (VP distributed (NP *-1) (PP-DIR to (NP U.S. attorneys)) (NP-TMP last summer))) but (VP were (VP disclosed (NP *-1) (PP-TMP for (NP the first time)) (PP by (NP-LGS press reports)) (NP-TMP this week)))) .)) (TOP (S (NP-SBJ They) (VP discourage (NP-1 prosecutors) , (PP-LOC under (NP certain circumstances)) , (PP-CLR from (S-NOM (NP-SBJ *-1) (VP seeking (NP (NP court orders) (VP seizing (NP (NP the assets) (PP of (NP racketeering defendants))) (ADVP-TMP prior (PP to (NP trial))))))))) .)) (TOP (S But (NP-SBJ (NP David Runkel) , (NP chief Justice Department spokesman) ,) (VP said (SBAR 0 (S (NP-SBJ the guidelines) `` (VP are (NP-PRD (NP a codification) and (NP a clarification)) (ADVP (ADVP far more) (PP than (NP a new direction))))))) . '')) (TOP (S (NP-SBJ (NP Use) (PP of (NP (NP the Racketeer Influenced and Corrupt Organizations law) (PP against (NP (NP white-collar defendants) , (SBAR as (S (NP-SBJ-1 *) (VP opposed (NP *-1) (PP-CLR to (NP alleged organized-crime figures))))))) ,))) (VP has (VP come (PP-CLR under (NP (NP attack) (PP from (NP some (NX (NX defense lawyers) and (NX legal scholars)))))))) .)) (TOP (S (NP-SBJ Critics) (VP have (VP complained (SBAR (SBAR that (S (NP-SBJ the law) (VP (ADVP-MNR unfairly) strips (NP defendants) (PP-CLR of (NP assets)) (PP-TMP before (S-NOM (NP-SBJ a jury) (VP determines (SBAR 0 (S (NP-SBJ they) (VP have (VP committed (NP a crime))))))))))) and (SBAR that (S (NP-SBJ (NP aggressive use) (PP of (NP the forfeiture provisions))) (VP can (VP (VP ruin (NP corporate defendants)) or (VP force (NP them) (PP-CLR into (NP unfavorable plea bargains)))))))))) .)) (TOP (S (PP-LOC In (NP the new guidelines)) , (NP-SBJ the Justice Department) (VP says (SBAR that (S (PP in (S-NOM (NP-SBJ-1 *) (VP attempting (S (NP-SBJ *-1) (VP to (VP freeze (NP disputed assets) (PP-TMP before (NP trial)))))))) , `` (NP-SBJ-2 the government) (VP (VP will not (VP seek (S (NP-SBJ *-2) (VP to (VP disrupt (NP (NP the normal , legitimate business activities) (PP of (NP the defendant)))))))) '' and `` (VP will not (VP seek ... (S (NP-SBJ *-2) (VP to (VP take (PP-CLR from (NP third parties)) (NP (NP assets) (VP (ADVP-MNR legitimately) transferred (NP *) (PP-CLR to (NP them))))))))))))) . '')) (TOP (S (NP-SBJ The guidelines) (ADVP also) (VP state , `` (SBAR 0 (S (NP-SBJ (NP The government 's) policy) (VP is not (S-PRD (NP-SBJ *) (VP to (VP seek (NP (NP the fullest forfeiture) (ADJP permissible (PP-LOC under (NP the law)))) (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ that forfeiture) (VP would (VP be (ADJP-PRD disproportionate (PP to (NP (NP the defendant 's) crime))) (ADVP-LOC *T*-1)))))))))))) . '')) (TOP (S (NP-SBJ Another provision) (VP clarifies (NP (NP certain limits) (PP on (SBAR (WHADVP-1 when) (S (NP-SBJ prosecutors) (VP may (VP use (NP tax-fraud charges) (PP-CLR as (NP (NP a basis) (PP for (S-NOM (NP-SBJ *) (VP bringing (NP a racketeering case)))))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ-1 Mr. Runkel) (VP declined (S (NP-SBJ *-1) (VP to (VP speculate (PP-CLR on (SBAR whether (S (NP-SBJ the guidelines) (VP would (VP curb (NP (NP racketeering prosecutions) (PP against (NP corporate defendants)))))))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ The impact) , (SBAR-ADV if (S (NP-SBJ there) (VP is (NP-PRD any)))) , (VP will (VP be (ADJP-PRD impossible (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP judge (NP *T*-2) (ADVP-TMP ahead (PP of (NP time)))))))) (SBAR-PRP because (S (NP-SBJ-1 the decision (SBAR whether (S (NP-SBJ *) (VP to (VP use (PRN -LCB- (NP racketeering charges) -RCB-)))))) (VP is (VP made (NP *-1) (PP-LOC in (NP individual cases)) '' (PP by (NP-LGS (NP Justice Department officials) (PP-LOC in (NP Washington))))))))))) , (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S (PP-LOC In (NP (NP a memorandum) (VP describing (NP the guidelines)))) , (NP-SBJ Assistant Attorney General Edward Dennis Jr.) (VP said (SBAR that (S (NP-SBJ (NP government efforts (S (NP-SBJ *) (VP to (VP freeze (NP (NP defendants ') assets))))) (PP pending (NP racketeering prosecutions))) `` (VP have (VP been (NP-PRD (NP the subject) (PP of (NP (NP considerable criticism) (PP-LOC in (NP the press)))))))))) . '')) (TOP (S But (NP-SBJ Mr. Runkel) (VP said (SBAR 0 (S (NP-SBJ the government) (VP is n't `` (VP backing (PRT off) (PP-CLR on (NP (NP these kinds) (PP of (NP matters)))) (ADVP at all)))))) .)) (TOP (S (NP-SBJ-1 California legislators) , (S-ADV (NP-SBJ *-1) (VP searching (PP-CLR for (NP (NP ways) (SBAR (WHADVP 0) (S (NP-SBJ *) (VP to (VP pay (PP-CLR for (NP (NP the (QP $ 4 billion to $ 6 billion) *U*) (PP in (NP (NP damages) (PP from (NP (NP last week 's) earthquake)))))))))))))) , (VP are (VP laying (NP (NP the groundwork) (PP for (NP (NP a temporary increase) (PP-LOC in (NP (NP the state 's) sales tax))))))) .)) (TOP (S (NP-SBJ (NP The talk) (PP of (NP a sales tax rise))) (VP follows (NP (NP a rebuff) (PP from (NP Congress)) (PP on (NP (NP the question) (PP of (SBAR (WHNP-3 how much) (S (NP-SBJ-1 the federal government) (VP is (ADJP-PRD willing (S (NP-SBJ-2 *-1) (VP to (VP spend (NP *T*-3) (S-PRP (NP-SBJ *-2) (VP to (VP aid (PP-CLR in (NP (NP California 's) earthquake relief efforts))))))))))))))))) .)) (TOP (S (S (NP-SBJ The state) (VP had (VP sought (NP (NP (QP as much as $ 4.1 billion) *U*) (PP in (NP relief)))))) , but (S (NP-TMP yesterday) (NP-SBJ the House) (VP approved (NP (NP a (ADJP more general) scaled-back measure) (VP calling (PP-CLR for (NP (NP (NP (QP $ 2.85 billion) *U*) (PP in (NP aid))) , (SBAR (WHNP-1 the bulk (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP would (VP go (PP-DIR to (NP California)) , (SBAR-ADV with (S (NP-SBJ an unspecified amount) (VP going (PP-DIR to (NP (NP regions) (VP affected (NP *) (PP by (NP-LGS Hurricane Hugo)))))))))))))))))) .)) (TOP (S (NP-SBJ That) (VP leaves (S (NP-SBJ the state) (ADJP-PRD (NP (QP roughly $ 2 billion to $ 4 billion) *U*) short))) .)) (TOP (S (NP-SBJ-1 A sales tax increase) (VP appears (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the fastest and easiest) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP raise (NP funds) (PP in (NP a hurry)) (ADVP *T*-2)))))))))) .)) (TOP (S (PP According (PP to (NP (NP the state department) (PP of (NP finance))))) , (NP-SBJ (NP a one-penny increase) (PP-LOC in (NP (NP the state 's) (NAC six-cent (PP per (NP dollar))) sales tax))) (VP could (VP raise (NP (QP $ 3 billion) *U*))) .)) (TOP (S (NP-SBJ (NP Willie Brown) , (NP (NP speaker) (PP of (NP (NP California 's) Assembly))) ,) (VP said (SBAR that (S (NP-SBJ-1 Gov. George Deukmejian) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP schedule (NP (NP a special session) (PP of (NP the legislature))) (PP-TMP within (NP two weeks)))))))))) .)) (TOP (S (NP-SBJ (NP California 's) so-called Gann limit) (VP (VP (ADVP-MNR effectively) prevents (NP-1 the state) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP spending (NP new tax money))))) and so (VP (ADVP-MNR drastically) limits (NP (NP its options) (PP-TMP in (NP an emergency))))) .)) (TOP (S (NP-SBJ Both (NP (NP Mr. Brown) , (NP (NP the state 's) (ADJP most influential) legislator)) , and (NP Gov. Deukmejian)) (VP favor (NP a temporary sales tax increase) -- (SBAR-ADV should (S (NP-SBJ-1 (NP more money) (PP *ICH*-2)) (VP be (VP needed (NP *-1) (SBAR than (S (NP-SBJ the state) (VP can (VP raise (NP *?*) (PP from (NP (NP existing sources) and (NP the federal government)))))))))))) .)) (TOP (S (PP According (PP to (NP a spokesman))) , (NP-SBJ the governor) (VP is (ADVP also) (VP studying (NP (NP the possibility) (PP of (S-NOM (NP-SBJ *) (VP raising (NP state gasoline taxes))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Mr. Brown) , (ADVP-TMP meanwhile) , (VP believes (SBAR 0 `` (S (S (NP-SBJ (QP only one) tax) (VP will (VP be (ADJP-PRD feasible)))) , and (S (NP-SBJ it) (VP will (VP be (NP-PRD a one-penny sales tax increase)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Chuck Dalldorf) , (NP an aide)) .)) (TOP (S (NP-SBJ (NP One immediate source) (PP of (NP money))) (VP is (NP-PRD (NP an emergency fund) (VP set (NP *) (PRT up) (PP by (NP-LGS Gov. Deukmejian))))) .)) (TOP (SINV (S-TPC-4 (NP-SBJ-2 The fund) (VP (VP has (NP (QP about $ 1 billion) *U*)) and (VP is (VP set (NP-3 *-2) (PRT up) (S-CLR (NP-SBJ *-3) (VP to (VP handle (NP `` (NP (NP precisely the kind) (PP of (NP emergency))) '' (SBAR (WHNP-1 0) (S (NP-SBJ the state) (VP faces (NP *T*-1)))))))))))) , (VP said (SBAR 0 (S *T*-4))) (NP-SBJ (NP Tom Beermann) , (NP (NP the Governor 's) deputy press secretary)) .)) (TOP (S But (NP-SBJ-1 (NP the fund 's) size) (VP is (VP disputed (NP *-1) (PP by (NP-LGS (NP (NP Mr. Brown 's) office) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP estimates (SBAR 0 (S (NP-SBJ the fund) (VP holds (NP (QP from $ 630 million to $ 800 million) *U*))))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ (NP an aide) (PP to (NP Mr. Brown))) (VP said (SBAR 0 (S (NP-SBJ Gov. Deukmejian) `` (VP has (VP expressed (NP a desire (S (NP-SBJ *) not (VP to (VP spend (NP all the reserve) (PP-CLR on (NP this))))))))))) . '')) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP push (ADVP-CLR through) (NP a sales tax increase)))) , (ADVP however) , (NP-SBJ-1 the state) (VP will (VP have (S (NP-SBJ-2 *-1) (VP to (VP suspend (NP the Gann limit) , (S-ADV (NP-SBJ *-2) (VP citing (NP an emergency)))))))) .)) (TOP (SINV (S-TPC-2 And then (NP-SBJ-1 it) (VP will (VP be (VP required (S (NP-SBJ *-1) (VP to (VP lower (NP taxes) (PP-EXT by (NP a corresponding amount)) (PP-TMP during (NP a three-year period)) (PP-TMP after (S-NOM (NP-SBJ the temporary tax increase) (VP ends)))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Cindy Katz) , (NP (NP assistant director) (PP of (NP (NP the state department) (PP of (NP finance)))))) .)) (TOP (S (NP-SBJ A sales tax increase) (VP would (VP require (NP (NP two-thirds approval) (PP-LOC in (NP (NP both houses) (PP of (NP (NP the state 's) legislature))))))) .)) (TOP (S But (NP-SBJ observers) (VP expect (NP broad support)) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (S (NP-SBJ there) (VP 's (NP-PRD an emergency))) and (S (NP-SBJ there) (VP are n't (NP-PRD (NP sufficient funds) (PP from (NP elsewhere))))))) , (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the attitude) (VP will (VP be (ADJP-PRD supportive))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Kirk West) , (NP (NP president) (PP of (NP (NP the California Chamber) (PP of (NP Commerce)))))) .)) (TOP (S But (NP-SBJ others) (VP think (SBAR 0 (S (NP-SBJ-1 property owners) (VP ought (S (NP-SBJ *-1) (VP to (VP pay (NP (NP a higher portion) (PP of (NP (NP the state 's) earthquake relief tab)))))))))) .)) (TOP (S (PP-TMP Since (NP the late 1970s)) , (NP-SBJ California property owners) (VP have (VP benefited (PP-CLR from (NP a tax rollback)) (PP-PRP as (NP (NP a result) (PP of (NP (NP a state ballot initiative) (VP known (NP *) (PP-CLR as (NP Proposition 13))))))))) .)) (TOP (S (S (NP-SBJ The state) (VP could (ADVP also) (VP increase (NP gasoline taxes)))) ; (S (NP-SBJ (NP every one penny increase) (PP-LOC in (NP the tax))) (VP would (VP yield (NP (NP (QP $ 11 million) *U*) (NP-ADV a month))))) .)) (TOP (S But (NP-SBJ-1 (NP Gov. Deukmejian) and (NP others)) (VP are (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP do (NP (NP anything) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP harm (NP (NP (NP the state 's) chances) (PP of (S-NOM (NP-SBJ *) (VP (ADVP-MNR sharply) raising (NP gasoline taxes) (PP on (NP a permanent basis)))))))))))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP raise (NP more highway funds)))) , (NP-SBJ-2 (NP a measure) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP double (NP (NP the state 's) (NAC (NP nine-cent) (NP-ADV a gallon)) tax) (PP-TMP over (NP five years))))))) (VP is (VP set (S (NP-SBJ *-2) (VP to (VP appear (PP-LOC-CLR on (NP (NP the state 's) June election ballot))))))) .)) (TOP (S But (NP-SBJ some) (VP fear (SBAR 0 (S (S-NOM-SBJ (NP-SBJ *) (VP imposing (NP a temporary gasoline tax increase) (PP-TMP in (NP the meantime)))) (VP could (VP undercut (NP (NP support) (PP-LOC among (NP voters)) (PP for (NP the measure)))))))) .)) (TOP (S (NP-SBJ Not everyone) (VP is (ADJP-PRD convinced (SBAR 0 (S (NP-SBJ-1 the state) (VP must (VP raise (NP new revenue) (S-PRP (NP-SBJ *-1) (VP to (VP meet (NP its earthquake needs)))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's (ADJP-PRD possible) , (SBAR-ADV though (FRAG not (ADJP-PRD probable))) , '' (SBAR-1 that (S (NP-SBJ the state) (VP could (VP get (PRT by) (PP with (NP (NP its existing resources) and (NP federal help))))))))) , (VP said (S *T*-2)) (NP-SBJ (NP Quentin Kopp) , (NP (NP chairman) (PP of (NP (NP the state senate 's) transportation committee)))) .)) (TOP (S (ADVP Separately) , (NP-SBJ (NP two men) (VP injured (NP *) (PP-LOC in (NP (NP (NP last week 's) earthquake-triggered freeway collapse) (PP-LOC in (NP Oakland)))))) (VP began (NP (NP a legal battle) (PP against (NP the state)) (PP over (SBAR whether (S (NP-SBJ officials) (VP (ADVP-MNR adequately) heeded (NP (NP warnings) (PP about (NP (NP the structure 's) safety))))))))) .)) (TOP (S (NP-SBJ (NP The claims) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP (VP were (VP filed (NP *-2) (PP-CLR with (NP (NP the State Board) (PP of (NP Control)))))) but (VP will (ADVP probably) (VP end (PRT up) (PP-LOC-CLR in (NP court))))))) ,) (VP are (NP-PRD (NP the first) (VP arising (ADVP-DIR out (PP of (NP (NP the collapse) (PP of (NP the so-called Cypress structure viaduct)))))))) .)) (TOP (S (NP-SBJ-2 The men) (VP can (VP defeat (NP (NP immunities) (SBAR (WHNP-1 that) (S (NP-SBJ states) (ADVP-TMP often) (VP assert (NP *T*-1) (PP-LOC in (NP court)))))) (SBAR-MNR by (S-NOM (NP-SBJ *-2) (VP showing (SBAR (SBAR that (S (NP-SBJ officials) (VP (VP knew (SBAR *RNR*-3)) or (VP should (VP have (VP known (SBAR *RNR*-3)))) (SBAR-3 that (S (NP-SBJ (NP design) (PP of (NP the structure))) (VP was (ADJP-PRD defective))))))) and (SBAR that (S (NP-SBJ-4 they) (VP failed (S (NP-SBJ *-4) (VP to (VP make (NP reasonable changes))))))))))))) .)) (TOP (S (NP-SBJ-1 A (NAC Board (PP of (NP Control))) spokesman) (VP (VP said (SBAR 0 (S (NP-SBJ the board) (VP had not (VP seen (NP the claim)))))) and (VP declined (S (NP-SBJ *-1) (VP to (VP comment))))) .)) (TOP (S (NP-SBJ The following) (VP were (PP-LOC-PRD among (NP (NP (NP yesterday 's) offerings and pricings) (PP-LOC in (NP the U.S. and non-U.S. capital markets)))) , (PP with (NP (NP terms) and (NP syndicate manager))) , (SBAR-ADV as (S (NP-SBJ-1 *) (VP compiled (NP *-1) (PP by (NP-LGS Dow Jones Capital Markets Report)))))) :)) (TOP (NP (NP Exxon Capital Corp.) -- (NP (NP (NP (QP $ 200 million) *U*) (PP of (NP (ADJP 8 1/4 %) notes))) (ADJP due (NP-TMP Nov. 1 , 1999)) , (VP priced (NP-1 *) (PP-CLR at (NP 99.60)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 8.31 %)))))) .)) (TOP (S (NP-SBJ-1 (NP The notes) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP are (ADJP-PRD noncallable)))) ,) (VP were (VP priced (NP *-1) (PP-CLR at (PP (NP (NP a spread) (PP of (NP 45 basis points))) above (NP (NP the Treasury 's) 10-year note))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Rated (S (NP-SBJ *-2) (ADJP-PRD triple-A)) (PP by (NP-LGS (NP both (NP (NP Moody 's) Investors Service Inc.) and (NP (NP Standard & Poor 's) Corp.)))))) , (NP-SBJ-1 the issue) (VP will (VP be (VP sold (NP *-1) (PP through (NP Salomon Brothers Inc))))) .)) (TOP (NP (NP Citicorp) -- (NP (NP (NP (QP $ 200 million) *U*) (PP of (NP (ADJP 8 3 %) notes))) (ADJP due (NP-TMP Nov. 1 , 1996)) , (VP priced (NP-1 *) (PP-CLR at (NP 99.64)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 8.82 %)))))) .)) (TOP (S (NP-SBJ-1 The noncallable issue) (VP was (VP priced (NP *-1) (PP-CLR at (PP (NP (NP a spread) (PP of (NP 98 basis points))) above (NP (NP the Treasury 's) seven-year note))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP (VP Rated (S (NP-SBJ *-1) (ADJP-PRD-4 single-A-1)) (PP-3 by (NP-LGS Moody 's))) and (VP (ADJP-PRD=4 double-A) (PP=3 by (NP-LGS S&P))))) , (NP-SBJ-2 the issue) (VP will (VP be (VP sold (NP *-2) (PP through (NP Salomon Brothers))))) .)) (TOP (NP (NP (NP Boatmen 's) Bancshares Inc.) -- (NP (NP (NP (QP $ 150 million) *U*) (PP of (NP (ADJP 9 1/4 %) subordinated notes))) (ADJP due (NP-TMP Nov. 1 , 2001)) , (VP priced (NP-1 *) (PP-CLR at (NP 99.821)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 9.275 %)))))) .)) (TOP (S (NP-SBJ-1 The noncallable issue) (VP was (VP priced (NP *-1) (PP-CLR at (PP (NP (NP a spread) (PP of (NP 140 basis points))) above (NP (NP the Treasury 's) 10-year note))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-4) (VP (VP Rated (S (NP-SBJ *-1) (ADJP-PRD-2 single-A-3)) (PP-3 by (NP-LGS Moody 's))) and (VP (ADJP-PRD=2 single-A-minus) (PP=3 by (NP-LGS S&P))))) , (NP-SBJ-4 the issue) (VP will (VP be (VP sold (NP *-4) (PP through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Morgan Stanley & Co)))))))) .)) (TOP (NP (NP Xerox Corp.) -- (NP (NP (NP (QP $ 150 million) *U*) (PP of (NP (ADJP 8 3 %) notes))) (ADJP due (NP-TMP Nov. 1 , 1995)) , (VP priced (NP-1 *) (PP-CLR at (NP 99.555)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 8.85 %)))))) .)) (TOP (S (NP-SBJ-1 The noncallable issue) (VP was (VP priced (S (NP-SBJ *-1) (VP to (VP yield (PP (NP 105 basis points) above (NP (NP the Treasury 's) fiveyear note))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-3) (VP (VP Rated (S (NP-SBJ *-1) (ADJP-PRD-2 single-A-2)) (PP-4 by (NP-LGS Moody 's))) and (VP (ADJP-PRD=2 single-A-plus) (PP=4 by (NP-LGS S&P))))) , (NP-SBJ-3 the issue) (VP will (VP be (VP sold (NP *-3) (PP through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Salomon Brothers)))))))) .)) (TOP (NP (NP American General Finance Corp.) -- (NP (NP (NP (QP $ 150 million) *U*) (PP of (NP 8.45 % notes))) (ADJP due (NP-TMP Oct. 15 , 2009)) , (PP through (NP Bear , Stearns & Co.)) , (VP being (VP offered (NP-1 *) (PP-CLR at (NP (NP a price) (PP of (NP 99.661)))) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 8.50 %))))))) .)) (TOP (S (NP-SBJ-1 (NP The noncallable issue) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP has (NP (NP a one-time put) (NP-TMP Oct. 15 , 1999))))) ,) (VP was (VP priced (NP *-1) (PP-CLR at (PP (NP (NP a spread) (PP of (NP 66 basis points))) above (NP (NP the Treasury 's) 10-year note))))) .)) (TOP (S (NP-SBJ-2 The issue) (VP is (VP (VP rated (S (NP-SBJ *-2) (ADJP-PRD-1 single-A-1)) (PP-3 by (NP-LGS Moody 's))) and (VP (ADJP-PRD=1 single-A-plus) (PP=3 by (NP-LGS S&P))))) .)) (TOP (NP (NP Baltimore Gas & Electric Co.) -- (NP (NP (NP (QP $ 100 million) *U*) (PP of (NP (ADJP first and refunding) mortgage bonds))) , (ADJP due (NP Oct. 15 , 1999)) , (PP through (NP Shearson Lehman Hutton Inc.)) , (VP offered (NP-1 *) (PP-CLR at (NP par)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 8.40 %)))))) .)) (TOP (S (NP-SBJ-4 The noncallable issue) (VP is (VP (VP rated (S (NP-SBJ *-4) (ADJP-PRD-1 double-A-3)) (PP-2 by (NP-LGS Moody 's))) and (VP (ADJP-PRD=1 double-A-minus) (PP=2 by (NP-LGS S&P))))) .)) (TOP (S (NP-SBJ-1 It) (VP was (VP priced (NP *-1) (PP-CLR at (PP (NP (NP a spread) (PP of (NP 55 basis points))) above (NP (NP the Treasury 's) 10-year note))))) .)) (TOP (NP (NP Massachusetts) -- (NP (NP (NP (NP (QP $ 230 million) *U*) (PP of (NP general obligation bonds))) , (NP (NP (QP consolidated loan)) (PP of (NP (NP 1989) , (NP Series D))))) , (ADJP due (NP-TMP 1990-2009)) , (PP through (NP a Goldman , Sachs & Co. group))) .)) (TOP (S (NP-SBJ-1 (NP The insured bonds) , (VP rated (S (NP-SBJ *) (ADJP-PRD triple-A)) (PP by (NP-LGS (NP Moody 's) and (NP S&P)))) ,) (VP were (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP (PP from (NP (NP 6.00 %) (PP-TMP in (NP 1990)))) (PP to (NP (NP 7.20 %) (PP-TMP in (NP 2009)))))))))) .)) (TOP (NP (NP (NP Broward County School District) , (NP-LOC Fla.)) -- (NP (NP (NP (QP $ 185 million) *U*) (PP of (NP school district general obligation bonds))) , (NP Series 1989) , (ADJP due (NP-TMP 1991-1999 and 2008)) , (VP (ADVP-MNR tentatively) priced (NP-1 *) (PP by (NP-LGS a First Boston Corp. group)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (PP (PP from (NP (NP 6.20 %) (PP-TMP in (NP 1991)))) (PP to (NP (NP 7.30 %) (PP-TMP in (NP 2008)))))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (QP $ 120.7 million) *U*) (PP of (NP (ADJP 7 1 %) term bonds)) (ADJP due (NP-TMP 2008)) , (VP priced (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 7.30 %))))))) .)) (TOP (S (NP-SBJ-1 Serial bonds) (VP are (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP (QP to 7) %) (PP-TMP in (NP 1999))))))) .)) (TOP (S (NP-SBJ-2 The bonds) (VP are (VP (VP rated (S (NP-SBJ *-2) (ADJP-PRD-1 single-A-1)) (PP-3 by (NP-LGS Moody 's))) and (VP (ADJP-PRD=1 double-A-minus) (PP=3 by (NP-LGS S&P))))) .)) (TOP (NP (NP (NP Culver City Redevelopment Financing Authority) , (NP-LOC Calif.)) -- (NP (NP (QP $ 145 million) *U*) (PP of (NP revenue bonds)) , (NP Series 1989) , (VP (ADVP-MNR tentatively) priced (NP *) (PP by (NP-LGS a Stone & Youngberg group)))) .)) (TOP (S (NP-SBJ The issue) (VP includes (NP (NP (QP $ 100 million) *U*) (PP of (NP insured senior lien bonds)))) .)) (TOP (S (NP-SBJ These) (VP consist (PP-CLR of (NP (NP (NP (NP current interest bonds) (ADJP due (NP-TMP 1990-2002 , 2010 and 2015))) , and (NP (NP capital appreciation bonds) (ADJP due (NP-TMP 2003 and 2004)))) , (VP (ADVP-MNR tentatively) priced (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP yield (PP (PP from (NP (NP 5.75 %) (PP-TMP in (NP 1990)))) (PP to (NP (NP 7.14 %) (PP-TMP in (NP 2010)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Bonds) (ADJP due (NP-TMP 2003 , 2004 and 2015))) (VP are n't (VP being (VP (ADVP-MNR formally) reoffered (NP *-1)))) .)) (TOP (S (NP-SBJ There) (VP are (ADVP also) (NP-PRD (NP (QP $ 40 million) *U*) (PP of (NP uninsured subordinate lien bonds)) , (ADJP due (NP-TMP (NP Dec. 1 , 2008) , and (NP Dec. 1 , 2015))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (NP (QP $ 15,015,000) *U*) (PP of (NP (ADJP (QP 7 1) %) bonds)) (UCP (VP priced (NP *) (PP-CLR at (NP par))) and (ADJP due (NP-TMP 2008)))) and (NP (NP $ 24,985,000 *U*) (PP of (NP (ADJP 7.6 %) bonds)) (UCP (VP priced (NP *) (PP at (NP par))) and (ADJP due (NP-TMP 2015)))))) .)) (TOP (S (NP-SBJ-1 The insured bonds) (VP are (VP rated (S (NP-SBJ *-1) (ADJP-PRD triple-A)) (PP by (NP-LGS (NP Moody 's) and (NP S&P))))) .)) (TOP (S (NP-SBJ-1 The uninsured subordinate lien bonds) (VP are n't (VP rated (NP *-1) , (PP according (PP to (NP the lead underwriter))))) .)) (TOP (NP (NP West Virginia Parkways , Economic Development and Tourism Authority) -- (NP (NP (QP $ 143 million) *U*) (PP of (NP parkway revenue bonds)) , (NP Series 1989) , (PP with (NP (NP (NP current interest bonds) (ADJP due (NP-TMP 1990-2002 and 2019))) and (NP (NP capital appreciation bonds) (ADJP due (NP-TMP 2003-2008))))) , (VP (ADVP-MNR tentatively) priced (NP-1 *) (PP by (NP-LGS a PaineWebber Inc. group)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (PP (PP from (NP (NP 6 %) (PP-TMP in (NP 1990)))) (PP to (NP (NP 7.31 %) (PP-TMP in (NP 2019)))))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP $ 86,525,000 *U*) (PP of (NP (ADJP (QP 7 1) %) bonds)) (VP priced (NP-1 *) (PP-CLR at (NP 97 3)) (S (NP-SBJ *-1) (VP to (VP yield (NP 7.31 %) (PP-TMP in (NP 2019)))))))) .)) (TOP (S (NP-SBJ-1 Current interest serial bonds) (VP are (VP (ADVP-MNR tentatively) priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP (QP to 7.05) %) (PP-TMP in (NP 2002))))))) .)) (TOP (S (NP-SBJ-1 Capital appreciation bonds) (VP are (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP-TMP to (NP maturity)) (PP (PP from (NP (NP 7.10 %) (PP-TMP in (NP 2003)))) (PP to (NP (NP 7.25 %) (PP-TMP in (NP 2007 and 2008)))))))))) .)) (TOP (S (NP-SBJ-1 The bonds) (VP are (VP (VP insured (NP *-1)) and (VP rated (S (NP-SBJ *-1) (ADJP-PRD triple-A)) (PP by (NP-LGS (NP Moody 's) and (NP S&P)))))) .)) (TOP (NP (NP Connecticut Housing Finance Authority) -- (NP (NP (QP $ 132.8 million) *U*) (PP of (NP housing mortgage revenue bonds)) (VP priced (NP *) (PP by (NP-LGS a PaineWebber Inc. group)))) .)) (TOP (S (NP-SBJ-1 (NP The (QP $ 82.8 million) *U*) (PP of (NP Series B bonds)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP are n't (ADJP-PRD subject (PP to (NP the alternative minimum tax)))))) ,) (VP were (VP priced (NP-3 *-1) (PP-CLR at (NP par)) (S-CLR (NP-SBJ *-3) (VP to (VP yield (PP (PP from (NP (NP 6.85 %) (PP-TMP in (NP 2000)))) (PP to (NP (NP 7.20 %) (PP-TMP in (NP 2009)))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 (NP the (QP $ 50 million) *U*) (PP of (NP (NP Series C bonds) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP are (ADJP-PRD suject (PP to (NP the alternative minimum tax)))))) ,))) (VP were (VP priced (NP-3 *-1) (PP-CLR at (NP par)) (S-CLR (NP-SBJ *-3) (VP to (VP yield (PP (PP from (NP (NP 6.25 %) (PP-TMP in (NP 1990)))) (PP to (NP (NP 7.10 %) (PP-TMP to (NP 2000)))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The issue) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP receive (NP a double-A rating) (PP-DIR from (NP Moody 's)))))))) , (NP-SBJ the underwriter) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 (NP An S&P rating) (PP of (ADJP double-A-plus))) (VP has (ADVP-TMP already) (VP been (VP confirmed (NP *-1)))) .)) (TOP (NP (NP (NP Montgomery County) , (NP-LOC Md.)) -- (NP (NP (QP $ 75 million) *U*) (PP of (NP (NP general obligation , Series B , consolidated public improvement bonds) (PP of (NP 1989)))) , (PP through (NP a Manufacturers Hanover Trust Co. group))) .)) (TOP (S (NP-SBJ-1 (NP The bonds) , (VP rated (S (NP-SBJ *) (ADJP-PRD triple-A)) (PP by (NP-LGS (NP Moody 's) and (NP S&P)))) ,) (VP were (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP (PP from (NP (NP 5.75 %)) (PP-TMP in (NP 1990))) (PP to (NP (NP 6.90 %) (PP-TMP in (NP 2006 to 2009)))))))))) .)) (TOP (NP (NP Federal Home Loan Mortgage Corp.) -- (NP (NP (QP $ 500 million) *U*) (PP of (NP Remic mortgage securities)) (VP being (VP offered (NP *) (PP by (NP-LGS Prudential-Bache Capital Funding Inc))))) .)) (TOP (S (NP-SBJ There) (VP were (NP-PRD (NP no details) (ADJP available) (PP on (NP (NP the pricing) (PP of (NP (NP the issue) , (NP (NP Freddie Mac 's) Series 108))))))) .)) (TOP (S (NP-SBJ-1 The issue) (VP is (VP backed (NP *-1) (PP by (NP Freddie Mac (ADJP (QP 8 1) %) securities)))) .)) (TOP (NP (NP (NP Hanwa Co .) (PRN -LRB- (NP-LOC Japan) -RRB-)) -- (NP (NP Two-part , (ADJP (QP $ 800 million) *U*) issue) (PP of (NP bonds)) (ADJP due (NP-TMP Nov. 9 , 1994)) , (PP with (NP equity-purchase warrants)) , (VP indicating (NP (NP a (ADJP (QP 4 3) %) coupon) (PP at (NP par))))) .)) (TOP (NP (NP European portion) (PP of (NP (QP $ 700 million) *U*)) (PP via (NP Yamaichi International Europe Ltd)) .)) (TOP (NP (NP Asian portion) (PP of (NP (QP $ 100 million) *U*)) (PP via (NP Yamatane Securities Europe Ltd)) .)) (TOP (S (NP-SBJ Each (ADJP $ 5,000 *U*) bond) (VP carries (NP (NP one warrant (S *ICH*-2)) , (ADJP exercisable (PP-TMP (PP from (NP Nov. 28 , 1989)) , (PP through (NP Oct. 26 , 1994)))) , (S-2 (NP-SBJ *) (VP to (VP buy (NP shares) (PP at (NP (NP an expected premium) (PP of (NP (QP 2 1) %)) (PP to (NP the closing share price)))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 terms) (VP are (VP fixed (NP *-1) (NP-TMP Oct. 26) (ADVP-TMP *T*-3)))))))))) .)) (TOP (NP (NP Japan Storage Battery Co.) -- (NP (NP (QP $ 100 million) *U*) (PP of (NP bonds)) (ADJP due (NP-TMP Nov. 9 , 1993)) , (PP with (NP equity-purchase warrants)) , (VP indicating (NP (NP a (ADJP (QP 3 7) %) coupon) (PP at (NP par)) (PP via (NP Nikko Securities Co . (PRN -LRB- (NP Europe) -RRB-) Ltd))))) .)) (TOP (S (NP-SBJ-1 *) (VP Guaranteed (NP *-1) (PP by (NP-LGS Mitsubishi Bank Ltd))) .)) (TOP (S (NP-SBJ Each (ADJP $ 5,000 *U*) bond) (VP carries (NP (NP one warrant (S *ICH*-2)) , (ADJP exercisable (PP-TMP (PP from (NP Nov. 27 , 1989)) , (PP through (NP Oct. 26 , 1993)) ,)) (S-2 (NP-SBJ *) (VP to (VP buy (NP shares) (PP at (NP (NP an expected premium) (PP of (NP (QP 2 1) %)) (PP to (NP the closing share price)))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 terms) (VP are (VP fixed (NP *-1) (NP-TMP Nov. 1) (ADVP-TMP *T*-3)))))))))) .)) (TOP (NP (NP (NP Sanraku Inc .) (PRN -LRB- (NP-LOC Japan) -RRB-)) -- (NP (NP (QP $ 100 million) *U*) (PP of (NP bonds)) (ADJP due (NP-TMP Nov. 9 , 1993)) , (PP with (NP equity-purchase warrants)) , (VP indicating (NP (NP a (ADJP (QP 3 7) %) coupon) (PP at (NP par)))) , (PP via (NP Nomura International))) .)) (TOP (S (NP-SBJ-1 *) (VP Guaranteed (NP *-1) (PP by (NP-LGS Dai-Ichi Kangyo Bank Ltd))) .)) (TOP (S (NP-SBJ Each (ADJP $ 5,000 *U*) bond) (VP carries (NP (NP one warrant (S *ICH*-2)) , (ADJP exercisable (PP-TMP (PP from (NP Nov. 21 , 1989)) , (PP through (NP Oct. 19 , 1993)) ,)) (S-2 (NP-SBJ *) (VP to (VP buy (NP shares) (PP at (NP (NP an expected premium) (PP of (NP (QP 2 1) %)) (PP to (NP the closing share price)))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 terms) (VP are (VP fixed (NP *-1) (NP-TMP Oct. 31) (ADVP-TMP *T*-3)))))))))) .)) (TOP (NP (NP (NP Nippon Signal Co .) (PRN -LRB- (NP-LOC Japan) -RRB-)) -- (NP (NP (QP 80 million) marks) (PP of (NP bonds)) (PP with (NP equity-purchase warrants)) , (VP indicating (NP a (ADJP (QP 1 1) %) coupon)) , (ADJP due (NP-TMP Nov. 9 , 1994)) , and (VP priced (NP *) (PP-CLR at (NP par))) , (PP via (NP Commerzbank))) .)) (TOP (S (NP-SBJ-1 *) (VP Guaranteed (NP *-1) (PP by (NP-LGS (NP Fuji Bank)))) .)) (TOP (S (NP-SBJ Each (ADJP 5,000 mark) bond) (VP carries (NP (NP (NP one warrant (S *ICH*-3)) and (NP (NP one certificate) (PP for (NP four warrants)))) , (ADJP exercisable (PP-TMP (PP from (NP Dec. 18 , 1989)) , (PP to (NP Oct. 26 , 1994)) ,)) (S-3 (NP-SBJ *) (VP to (VP buy (NP shares) (PP at (NP (NP an expected premium) (PP of (NP (QP 2 1) %)) (PP above (NP the closing share price)))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 prices) (VP are (VP fixed (NP *-1) (NP-TMP Oct. 30) (ADVP-TMP *T*-2)))))))))) .)) (TOP (NP (NP (NP Miyoshi Oil & Fat Co .) (PRN -LRB- (NP-LOC Japan) -RRB-)) -- (NP (NP (QP 120 million) Swiss francs) (PP of (NP (ADJP privately placed) convertible notes)) (ADJP due (NP-TMP Dec. 31 , 1993)) , (PP with (NP a fixed (ADJP 0.25 %) coupon)) (PP at (NP par)) , (PP via (NP (NP Union Bank) (PP of (NP Switzerland))))) .)) (TOP (NP (NP Put option) (PP-TMP on (NP Dec. 31 , 1991)) , (PP at (NP a fixed 107)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP yield (NP 3.43 %))))) .)) (TOP (NP (NP Each (ADJP 50,000 Swiss franc) bond) (ADJP convertible (PP-TMP (PP from (NP Nov. 28 , 1989)) , (PP to (NP Dec. 20 , 1993)) ,) (PP at (NP (NP a (ADJP 5 %) premium) (PP over (NP (NP closing share price) (NP-TMP (NP Oct. 30) , (SBAR (WHADVP-3 when) (S (NP-SBJ-2 terms) (VP are (VP scheduled (S (NP-SBJ-1 *-2) (VP to (VP be (VP fixed (NP *-1) (ADVP-TMP *T*-3))))))))))))))) .)) (TOP (NP (NP (NP Fokker N.V .) (PRN -LRB- (NP-LOC Netherlands) -RRB-)) -- (NP (NP (QP 150 million) Swiss francs) (PP of (NP convertible bonds)) (ADJP due (NP-TMP Nov. 15 , 1997)) , (PP with (NP a fixed (ADJP 4 %) coupon)) (PP at (NP par)) (PP via (NP (NP Union Bank) (PP of (NP Switzerland))))) .)) (TOP (NP (NP Each (ADJP 5,000 Swiss franc) bond) (ADJP convertible (PP-TMP (PP from (NP Jan. 3 , 1989)) , (PP to (NP Oct. 31 , 1997)))) .)) (TOP (FRAG (NP-SBJ Fees) (NP-PRD 2 1) .)) (TOP (NP (NP (NP Sapporo Lion Ltd .) (PRN -LRB- (NP-LOC Japan) -RRB-)) -- (NP (NP (QP 50 million) Swiss francs) (PP of (NP (ADJP privately placed) convertible notes)) (ADJP due (NP-TMP Dec. 31 , 1994)) , (PP with (NP a (ADJP 0.25 %) coupon)) (PP at (NP par)) , (PP via (NP (NP Yamaichi Bank) (PRN -LRB- (NP-LOC Switzerland) -RRB-)))) .)) (TOP (NP (NP Put option) (PP-TMP on (NP Dec. 31 , 1991)) , (PP at (NP an indicated 107 7)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP yield (NP 3.84 %))))) .)) (TOP (NP (NP Each (ADJP 50,000 Swiss franc) note) (ADJP convertible (PP-TMP (PP from (NP Dec. 1 , 1989)) , (PP to (NP Dec. 16 , 1994))) , (PP at (NP (NP (ADJP 5 %) premium) (PP over (NP (NP the closing share price) (NP-TMP (NP Oct. 26) , (SBAR (WHADVP-3 when) (S (NP-SBJ-2 terms) (VP are (VP scheduled (S (NP-SBJ-1 *-2) (VP to (VP be (VP fixed (NP *-1) (ADVP-TMP *T*-3))))))))))))))) .)) (TOP (NP (NP Credit Local de France) -- (NP (NP (QP 100 million) Swiss francs) (PP of (NP (ADJP 6 %) , (ADJP privately placed) notes)) (ADJP due (NP-TMP Dec. 1 , 1996)) , (VP priced (NP *) (PP-CLR at (NP 100 1)) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 5.91 %))))) , (PP via (NP Swiss Bank Corp))) .)) (TOP (S (NP-SBJ People) (VP start (NP their own businesses) (PP-PRP for (NP many reasons))) .)) (TOP (S But (NP-SBJ a chance (S (NP-SBJ *) (VP to (VP fill (PRT out) (NP sales-tax records))))) (VP is (ADVP-TMP rarely) (NP-PRD (NP one) (PP of (NP them)))) .)) (TOP (S (NP-SBJ Red tape) (VP is (NP-PRD (NP the bugaboo) (PP of (NP small business)))) .)) (TOP (S (ADVP Ironically) , (NP-SBJ (NP the person) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP wants (S (NP-SBJ *-2) (VP to (VP run (NP his or her own business)))))))) (VP is (ADVP probably) (NP-PRD (NP the active , results-oriented sort) (ADJP most likely (S (NP-SBJ-3 *) (VP to (VP hate (S (NP-SBJ *-3) (VP meeting (NP (NP the (NX (NX rules) and (NX record-keeping demands))) (PP of (NP (UCP federal , state and local) regulators))))))))))) .)) (TOP (S Yet (NP-SBJ-1 every business owner) (VP (VP has (S (NP-SBJ *-1) (VP to (VP face (NP (NP the mound) (PP of (NP forms and regulations))))))) -- and (VP (ADVP-TMP often) is (NP-PRD (NP the only one) (ADJP available (S (NP-SBJ *) (VP to (VP tackle (NP it)))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP hope) (PP of (NP change)))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ (NP Sen. Malcolm Wallop) (PRN -LRB- (NP R.) , (NP-LOC Wyo .) -RRB-)) (VP held (NP (NP hearings) (PP on (NP (NP a bill) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP strengthen (NP (NP an existing law) (VP designed (S (NP-SBJ *) (VP to (VP reduce (NP regulatory hassles) (PP for (NP small businesses))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 A great many federal regulations) (VP (VP are (VP meant (NP *-1) (PP-CLR for (NP larger entities)))) and (VP do n't (ADVP really) (VP apply (PP-CLR to (NP small businesses)))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Marian Jacob) , (NP (NP a legislative aide) (PP to (NP Sen. Wallop)))) .)) (TOP (S (NP-SBJ-1 Other lawmakers) (VP are (ADJP-PRD busy (S (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP revive (NP (NP the (ADJP recently lapsed) Paperwork Reduction Act) , (SBAR (WHNP-3 which) (S (NP-SBJ many) (VP feel (SBAR 0 (S (NP-SBJ *T*-3) (VP benefited (NP small enterprises))))))))))))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ optimistic entrepreneurs) (VP await (NP (NP (NP a promised land) (PP of (NP less red tape))) -- (ADVP-TMP just as soon (SBAR as (S (NP-SBJ-1 Uncle Sam) (VP gets (ADVP-CLR around) (PP-CLR to (S-NOM (NP-SBJ *-1) (VP arranging (NP it)))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ they) (VP (VP tackle (NP (NP the mounds) (PP of (NP paper)))) -- and (VP fantasize (PP-CLR about (NP (NP a dream world) (SBAR (WHADVP-2 where) (S (NP-SBJ-1 (NP bulk-mail postal regulations) and (NP government inspectors)) (VP are (VP banished (NP *-1) (ADVP-LOC *T*-2))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-3) (VP To (VP find (PRT out) (SBAR (WHNP-1 what red tape) (S (NP-SBJ *T*-1) (VP riles (NP entrepreneurs) (ADVP-EXT most))))))) , (NP-SBJ-3 the Journal) (VP asked (NP-4 (NP a (ADJP completely unscientific , random) sample) (PP of (NP business owners))) (S (NP-SBJ *-4) (VP to (VP fantasize (PP-CLR about (NP (NP the forms and regulations) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP would (VP (ADVP most) like (S (NP-SBJ-5 *T*-2) (VP to (VP get (VP lost (NP *-5) (PP-LOC-CLR in (NP the mail)))))))))))))))) .)) (TOP (S (NP-SBJ Some entrepreneurs) (VP say (SBAR 0 (S (NP-SBJ (NP the red tape) (SBAR (WHNP-1 0) (S (NP-SBJ-2 they) (VP (ADVP most) love (S (NP-SBJ *-2) (VP to (VP hate (NP *T*-1)))))))) (VP is (NP-PRD (NP red tape) (SBAR (WHNP-4 0) (S (NP-SBJ-3 they) (VP would (ADVP also) (VP hate (S (NP-SBJ *-3) (VP to (VP lose (NP *T*-4))))))))))))) .)) (TOP (S (NP-SBJ They) (VP concede (SBAR that (S (NP-SBJ (NP (NP much) (PP of (NP the government meddling))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP torments (NP them))))) (VP is (ADJP-PRD essential (PP (PP to (NP the public good)) , and (ADVP even) (PP to (NP their own businesses)))))))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ (NP (NP Rules) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP set (NP (NP standards) (PP for (NP products)))) or (VP govern (NP business behavior)))))) , generally (NP (NP the (ADJP best regarded) form) (PP of (NP red tape))) ,) `` (VP (VP create (NP a level playing field)) and (VP keep (NP unscrupulous competitors) (ADVP-CLR away)))) , '' (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Sidney West) , (NP (NP president) (PP of (NP (NP TechDesign International Inc.) , (NP (NP a (NP (NP Springfield) , (NP Va.) ,) business) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP designs (NP (UCP telecommunication and other) products))))))))) .)) (TOP (S (S (NP-SBJ Mr. West) (VP cites (NP (NP the Federal Communications Commission) and (NP (NP its standards) (PP for (NP telecommunications equipment)))))) : `` (S (NP-SBJ They) (VP (VP monitor (NP product quality)) and (VP prevent (NP-1 junk) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP flooding (NP the market))))))) . '')) (TOP (S (S (NP-SBJ (NP Some gripes) (PP about (NP red tape))) (VP are (ADJP-PRD predictable))) : (S (S (NP-SBJ-1 Architects) (VP complain (PP-CLR-2 about (NP (NP a host) (PP of (NP building regulations)))))) , (S (NP-SBJ=1 auto leasing companies) (PP-CLR=2 about (NP car insurance rules)))) .)) (TOP (SINV (S-TPC-2 (S-NOM-SBJ (NP-SBJ *) (VP Determining (SBAR (WHADVP-3 when) (S (NP-SBJ-1 handicapped access) (VP is (VP required (NP *-1) (ADVP-TMP *T*-3))))))) (VP can (VP be (NP-PRD a nightmare) (PP for (NP architects))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Mark Dooling) , (NP (NP president) (PP of (NP (NP Dooling & Co.) , (NP a (NP (NP Newton) , (NP Mass.) ,) architectural firm))))) .)) (TOP (S (S-TPC-1 (NP-SBJ There) (VP is (NP-PRD (NP such a maze (SBAR *ICH*-2)) (PP of (NP (UCP federal , state and local) codes)) (SBAR-2 that `` (S (NP-SBJ-3 building inspectors) (VP are (VP backing (ADVP-DIR away (PP from (S-NOM (NP-SBJ *-3) (VP interpreting (NP them)))))))))))) , '' (NP-SBJ Mr. Dooling) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP (UCP Taxi , leasing and other) companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP maintain (NP (NP fleets) (PP of (NP vehicles))))))) (VP devote (NP substantial resources) (PP-CLR to (S-NOM (NP-SBJ *) (VP complying (PP-CLR with (NP (NP state insurance laws) and (NP (NP a host) (PP of (NP agencies))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (ADJP-PRD very costly and time-consuming))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Phil Rosen) , (NP (NP a partner) (PP-LOC in (NP (NP Fleet & Leasing Management Inc.) , (NP a Boston car-leasing company))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP One senior executive) (PP-LOC at (NP his firm))) (VP spends (NP (NP (QP nearly 20) %) (PP of (NP his time))) (PP-CLR on (NP insurance)))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Other forms) (PP of (NP red tape))) (VP are (ADJP-PRD more pervasive)) .)) (TOP (S-1 (NP-SBJ The (ADJP most onerous)) (PRN , (S (NP-SBJ many entrepreneurs) (VP say (SBAR 0 (S *T*-1)))) ,) (VP is (NP-PRD (NP the record-keeping and filing) (VP required (NP *) (PP by (NP-LGS tax authorities))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Complying (PP-CLR with (NP (UCP environmental and workplace) regulations)))) (VP runs (NP-CLR a close second)) .)) (TOP (S But (NP-SBJ gripes) (VP run (NP the gamut)) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-2 Here) (VP is (ADVP-LOC-PRD *T*-2)) (NP-SBJ (NP the red tape) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP irks (NP surveyed business owners) (ADVP the most))))) :)) (TOP (NP-HLN ENVIRONMENTAL REGULATIONS :)) (TOP (S (ADVP Next (PP to (NP medical insurance))) , `` (NP-SBJ (NP costs) (PP of (NP compliance))) '' (VP are (NP-PRD the fastest-growing expense) (PP-LOC at (NP (NP Impco Inc.) , (NP a (NP (NP Providence) , (NP R.I.) ,) chemical company)))) .)) (TOP (S (NP-SBJ (NP Peter Gebhard) , (NP (NP the company 's) owner) ,) (VP says (SBAR 0 (S (NP-SBJ (NP spending) (PP on (NP (NP regulatory paper work) and (NP (NP the people) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP do (NP it)))))))) -- (SBAR (ADVP mostly) (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP comply (PP-CLR with (NP (UCP federal , state and local) environmental laws)) (ADVP *T*-2))))) --) (VP will (VP rise (NP-EXT (QP almost 30) %) (NP-TMP this year) (PP-DIR to (NP $ 100,000 *U*))))))) .)) (TOP (S (NP-SBJ Mr. Gebhard) (VP adds (SBAR that (S (NP-SBJ (NP spending) (PP on (NP environmental red tape))) (VP amounts (PP-CLR to (NP (NP (QP between 6.5 % and 7.5 %) *U*) (PP of (NP (NP Impco 's) total operating expenses)))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Eastern Reproduction Corp.) , (NP (NP a (NP (NP Waltham) , (NP Mass.) ,) maker) (PP of (NP thin metal precision parts))) ,) (VP must (VP report (PP-CLR (PP to (NP five (UCP federal and state) agencies)) as well as (PP to (NP local fire , police , hospital and plumbing authorities)))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Robert Maguire) , (NP president)) .)) (TOP (S (S-TPC-1 (NP-SBJ One state environmental regulator) (VP returned (NP a report) (SBAR-PRP because `` (S (S (NP-SBJ it) (VP was n't (ADJP-PRD heavy enough))) , (S (NP-SBJ it) (VP could n't (VP have (VP been (ADJP-PRD correct))))))))) , '' (NP-SBJ Mr. Maguire) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (NP-HLN WITHHOLDING RULES :)) (TOP (S (S (NP-SBJ Employers) (VP must (VP (VP deposit (NP (NP withholding taxes) (VP exceeding (NP $ 3,000 *U*))) (PP-TMP within (NP three days)) (PP-TMP after (NP payroll))) -- or (VP pay (NP stiff penalties))))) -- and (S (NP-SBJ that) (VP 's (NP-PRD a big problem) (PP for (NP small businesses)))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ It) (VP 's (ADJP-PRD especially nettlesome) `` (SBAR-ADV if (S (S (NP-SBJ you) (VP 're (PP-LOC-PRD on (NP the road)))) and (S (NP-SBJ you) (VP 're (NP-PRD (NP the one) (ADJP responsible)))))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Eddie Brown) , (NP (NP president) (PP of (NP (NP Brown Capital Management Inc.) , (NP a Baltimore money-management firm))))) .)) (TOP (NP-HLN EMPLOYEE MANUALS :)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Revising (NP (NP employee manuals) (PP on (NP (NP pensions) , (NP health care) and (NP other subjects)))))) (VP costs (NP (NP (QP over $ 25,000) *U*) (NP-ADV a year)) (PP for (NP (NP Bert Giguiere) , (NP (NP president) (PP of (NP (NP Professional Agricultural Management Inc.) , (NP (NP a (NP (NP Fresno) , (NP Calif.) ,) provider) (PP of (NP business services)) (PP to (NP farmers))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ An employer) (VP leaves (S (NP-SBJ itself) (ADJP-PRD open (PP to (NP (NP a great deal) (PP of (NP liability)))))) (SBAR-ADV if (S (NP-SBJ its employee manuals) (VP do n't (VP reflect (NP the (ADJP most recent) laws))))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 But (NP-SBJ the ever-changing laws) (VP are (ADVP-TMP usually) (ADJP-PRD (ADJP so complicated and confusing) (SBAR that `` (S (S (NP-SBJ you) (VP need (S (NP-SBJ professionals) (VP to (VP help (NP you)))))) ; (S (NP-SBJ you) (VP ca n't (VP do (NP it) (NP-ADV yourself))))))))) , '' (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1))) .)) (TOP (NP-HLN PENSION AND PROFIT-SHARING RULES :)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Complying (PP-CLR with (NP these)))) (VP is (NP-PRD enough (S (NP-SBJ *) (VP to (VP make (S (NP-SBJ business owners) (VP look (ADVP-CLR forward (PP to (NP their own pension days)))))))))) .)) (TOP (S (NP-SBJ (NP Yearly changes) (PP-LOC in (NP federal benefit laws))) (VP force (S (NP-SBJ small businesses) (VP to (ADVP-TMP repeatedly) (VP re-evaluate and redesign (NP existing plans))))) .)) (TOP (S (NP-SBJ (NP Alice Fixx) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP (NP her own public-relations concern) (PP-LOC in (NP New York)))))) ,) (VP says (SBAR 0 (S (NP-SBJ-2 she) (VP has (VP had (S (NP-SBJ *-2) (VP to (VP overhaul (NP her pension and profit-sharing plans) (NP-TMP three times) (PP-TMP in (NP the past three years)))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ It) (VP does n't (VP increase (NP benefits)))) , but (S (NP-SBJ it) (VP 's (ADJP-PRD costly and time-consuming)))) , '' (NP-SBJ Ms. Fixx) (VP says (S *T*-1)) .)) (TOP (S (S-TPC-1 (NP-SBJ Compliance) (VP added (NP (QP 15 % to 20 %) *U*) (PP-CLR to (NP her accounting bill)) (NP-TMP last year))) , (NP-SBJ she) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (NP-HLN SALES TAX RECORDS :)) (TOP (S (S (NP-SBJ (NP Advertising agencies) and (NP other service companies)) (VP are (ADJP-PRD exempt (PP from (NP city and state sales tax))) (PP-LOC in (NP most locales)))) -- but (S (NP-SBJ the exemption) (VP comes (PP at (NP (NP a price) (PP of (NP (NP exhaustive records) and (NP rigorous reviews))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP (VP justify (NP their exempt status)) and (VP avoid (NP penalties))))) , (NP-SBJ-1 these businesses) (VP must (VP show (ADVP-TMP once a year) (SBAR that (S (NP-SBJ (NP (ADJP each and every) transaction) (SBAR (WHPP-2 on (WHNP which)) (S (NP-SBJ they) (VP did n't (VP pay (NP sales tax) (PP *T*-2)))))) (VP was (NP-PRD a legitimate business expense)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ You) (VP need (NP (NP one person) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (ADVP just) (VP take (NP-CLR care) (PP-CLR of (NP sales tax))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Jennie Tong) , (NP (NP executive vice president) (PP of (NP (NP Lee Liu & Tong Advertising Inc.) , (NP-LOC New York))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the Trinity Repertory Theater) (VP named (S (NP-SBJ Anne Bogart) (NP-PRD its artistic director)) (NP-TMP last spring) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP the nation 's) theatrical cognoscenti) (VP arched (NP a collective eyebrow)) .)) (TOP (S (NP-SBJ (NP Ms. Bogart) , (NP (NP an acclaimed creator) (PP of (NP (NP deconstructed dramatic collages) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP tear (PP-CLR into (NP (NP such sacred texts) (PP as (NP (NP Rodgers and Hammerstein 's) `` (NX-TTL South Pacific))))))))))) , '') (VP is (ADJP-PRD decidedly downtown)) .)) (TOP (S (NP-SBJ-1 Trinity Rep) (ADVP-TMP meanwhile) (VP is (NP-PRD (NP one) (PP of (NP (NP the nation 's) (ADJP (ADJP oldest) and (ADJP most respected)) regional theaters))) , (S-ADV (NP-SBJ *-1) (ADVP-TMP still) (VP hosting (NP an annual `` (NX-TTL A Christmas Carol))))) . '')) (TOP (SBARQ (WHADVP-1 How) (SQ would (NP-SBJ (NP this bastion) (PP of (NP traditional values))) (VP fare (PP-LOC in (NP (NP Ms. Bogart 's) iconoclastic hands)) (ADVP-MNR *T*-1))) ?)) (TOP (S (NP-SBJ She) (VP held (NP her fire) (PP with (NP (NP her first production) (PP-LOC at (NP the Trinity)) (NP-TMP earlier this season)))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP a predictable revival) (PP of (NP (NP her prize-winning off-Broadway anthology) (PP of (NP (NP Bertolt Brecht 's) theoretical writings)) , (VP called (S (NP-SBJ *) `` (NP-TTL-PRD (NP No Plays) , (NP No Poetry)))))))) . '')) (TOP (S (ADVP-TMP Now) , (PP with (NP (NP the opening) (PP of (NP (NP Maxim Gorky 's) bourgeois-bashing `` (NX-TTL Summerfolk))))) , '' (NP-SBJ Ms. Bogart) (VP has (VP laid (NP her cards) (PP-CLR on (NP the table)))) .)) (TOP (S (NP-SBJ Hers) (VP is (NP-PRD (NP a hand) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP test (NP (NP the mettle) (PP of (NP her audiences))))))))) .)) (TOP (S For (NP-SBJ-2 (NP Ms. Bogart) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP (ADVP-TMP initially) studied and directed (PP-LOC in (NP Germany))) (PRN -LRB- and (VP cites (NP (NP such European directors) (PP as (NP (NP Peter Stein) , (NP Giorgio Strehler) and (NP Ariane Mnouchkine)))) (PP-CLR as (NP influences))) -RRB-))))) (VP tends (S (NP-SBJ *-2) (VP to (VP stage (NP her productions) (PP with (NP a Brechtian rigor)) -- (SBAR-ADV whether (S (NP-SBJ the text) (VP demands (NP it))) or not))))) .)) (TOP (S And (NP-SBJ-2 Gorky) , (S-ADV (NP-SBJ *-2) (VP considered (S (NP-SBJ *) (NP-PRD (NP the father) (PP of (NP Soviet socialist realism)))))) , (VP did not (VP write (NP (NP plays) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (ADVP-MNR easily) lend (NP themselves) (PP-CLR to (NP (ADJP deliberately antirealistic) distancing techniques)))))))) .)) (TOP (S (NP-SBJ Gorky) (VP was (NP-PRD (NP a (ADJP (ADJP loyal) if (ADJP occasionally ambivalent)) proletarian writer) (VP committed (NP *) (PP-CLR to (S-NOM (NP-SBJ *) (VP enlightening (NP the masses) (PP with (NP (NP plain speaking) (VP rooted (NP *) (PP-CLR in (NP (NP a slightly sour version) (PP of (NP Chekhovian humanism))))))))))))) .)) (TOP (S And `` (NP-TTL-SBJ-1 Summerfolk) , '' (S-ADV (NP-SBJ *-1) (VP penned (NP *) (PP-TMP in (NP 1904)) (PP as (NP (NP a kind) (PP of (NP (NP sequel) (PP to (NP (NP Chekhov 's) `` (NX-TTL Cherry Orchard))))))))) , '' (VP is (NP-PRD (NP a lawn party) (PP of (NP (NP Russian yuppies) (VP engaged (NP *) (PP-CLR in (NP (NP an exhausting ideological fight) (PP to (NP the finish)) (PP between (NP (NP the allrightniks) and (NP the reformers)))))))))) .)) (TOP (S (PP-LOC Along (NP the way)) (NP-SBJ there) (ADVP also) (VP are (NP-PRD (NP lots) (PP of (NP romantic dalliances)))) .)) (TOP (S (ADVP-MNR Wisely) (NP-SBJ Ms. Bogart) (VP has (VP kept (S (NP-SBJ (NP Gorky 's) time and place) (ADJP-PRD intact)))) .)) (TOP (S (PP Despite (NP (NP (NP the absence) (PP of (NP samovars))) (PRN -LRB- and (NP a tendency (S (NP-SBJ *) (VP to (VP turn (NP the furniture) (ADVP-CLR upside down))))) -RRB-))) , (NP-SBJ the production) (VP is (ADJP-PRD rich (PP in (NP (NP Russian ennui) (VP voiced (NP *) (PP by (NP-LGS (NP languorous folk) (VP sporting (NP (NP beige linen) and (NP rumpled cotton))) , (PP with (NP (NP (NP boaters) and (NP fishing poles)) (ADVP aplenty)))))))))) .)) (TOP (S But (PP-LOC beyond (NP (NP this decorative nod) (PP to (NP tradition)))) , (NP-SBJ Ms. Bogart and company) (VP head (ADVP-DIR-CLR off) (PP-CLR in (NP (NP a stylistic direction) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (ADVP all but) transforms (NP (NP Gorky 's) naturalistic drama) (PP-CLR into (NP (NP something) (ADJP akin (PP to , (INTJ well) , (NP farce))))))))))) .)) (TOP (S (NP-SBJ (NP The director 's) attempt (S (NP-SBJ *) (VP to (VP force (NP some Brechtian distance) (PP-CLR between (NP (NP her actors) and (NP their characters))))))) (ADVP-TMP frequently) (VP backfires (PP with (NP (NP performances) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD unduly mannered))))))) .)) (TOP (S (ADVP Not only) (SINV do (NP-SBJ the actors) (VP (VP stand (PP-CLR outside (NP their characters))) and (VP make (S (NP-SBJ it) (ADJP-PRD clear) (SBAR 0 (S (NP-SBJ they) (VP are (PP-PRD at (NP (NP odds) (PP with (NP them))))))))))) , but (S (NP-SBJ they) (ADVP-TMP often) (ADVP literally) (VP stand (PP-CLR on (NP their heads)))) .)) (TOP (S (PP Like (NP Peter Sellars)) , (NP-SBJ-1 Ms. Bogart) (VP manipulates (NP her actors) (SBAR-ADV as if (S (NP-SBJ they) (VP were (NP-PRD rag dolls)))) , (S-ADV (NP-SBJ *-1) (VP (VP sprawling (NP them) (PP-CLR on (NP staircases))) , (VP dangling (NP them) (PP-CLR off (NP tables))) , (ADVP even) (VP hanging (NP them) (PP-CLR from (NP precipices)) (SBAR-TMP while (S (NP-SBJ *) (VP having (S (NP-SBJ them) (VP perform (NP (NP some gymnastic feats) (PP of (NP derring-do)))))))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP moments) (PP-LOC in (NP this `` (NX-TTL Summerfolk) '')) (SBAR (WHADVP when) (S (NP-SBJ (NP the characters) (VP populating (NP (NP the vast multilevel country house) (PRN -LRB- (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP (VP looks (PP-CLR like (NP (NP a parody) (PP of (NP Frank Lloyd Wright))))) and (VP is (VP designed (NP *-2) (PP by (NP-LGS Victoria Petrovich))))))) -RRB-)))) (VP spout (NP philosophic bon mots) (PP with (NP (NP the self-conscious rat-a-tat-tat pacing) (PP of `` (NP-TTL Laugh In))))))))) . '')) (TOP (S `` (S-TPC-1 (NP-SBJ Talk) (VP hurts (PP from (SBAR-NOM (WHADVP-2 where) (S (NP-SBJ it) (VP spurts (ADVP-LOC *T*-2))))))) , '' (NP-SBJ (NP one) (PP of (NP them))) (VP says (S *T*-1)) .)) (TOP (S (S (NP-SBJ (NP The clash) (PP of (NP ideologies))) (VP survives (NP this treatment))) , but (S (NP-SBJ (NP the nuance and richness) (PP of (NP (NP Gorky 's) individual characters))) (VP have (VP vanished (PP-LOC in (NP the scuffle))))) .)) (TOP (S (PP As (PP for (NP (NP the humor) (SBAR (WHNP-1 that) (S (NP-SBJ (NP Gorky 's) text) (VP provides (NP *T*-1))))))) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ *) (VP repainted (PP-CLR in (NP such broad strokes)) (PRN -LRB- (PP (ADVP particularly) by (NP-LGS (NP the lesser members) (PP of (NP the ensemble)))) -RRB-) (ADVP-TMP *T*-2)))) (NP-SBJ-3 it) (VP looks and sounds (S (NP-SBJ *-3) (ADJP-PRD forced))) .)) (TOP (S (NP-SBJ Ms. Bogart) (VP does (ADVP-MNR-CLR (ADVP better) (PP with (NP music)) (PP than (PP with (NP words)))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 she) (VP wants (PRN , (SBAR-ADV as (S (NP-SBJ she) (ADVP-TMP so often) (VP does (VP want)))) ,) (S (NP-SBJ *-1) (VP to (VP express (NP herself) (PP-MNR through (NP (NP Gorky 's) helpless play))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (ADVP-LOC Here) (NP-SBJ she) (VP has (NP (NP the aid) (PP of (NP (NP her longtime associate Jeff Helpern) , (SBAR (SBAR (WHNP-1 whom) (S (NP-SBJ she) (VP appointed (S (NP-SBJ *T*-1) (NP-PRD (NP Trinity 's) first-ever musical director))))) and (SBAR (WHNP-2 whom) (S (NP-SBJ she) (VP equipped (NP *T*-2) (PP-CLR with (NP a (ADJP spanking new) (ADJP $ 60,000 *U*) (NX (NX sound system) and (NX recording studio)))))))))))) .)) (TOP (S (PP For (NP Gorky)) , (NP-SBJ Mr. Helpern) (VP provided (NP (NP an aural collage) (PP of (NP Debussy and Rachmaninoff)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP less a score) (PP than (NP (NP a separate character) (PP with (NP (NP a distinct point) (PP of (NP view)))))))))))) .)) (TOP (S (PP Like (NP (NP Brecht) , and indeed (NP Ezra Pound) ,)) (NP-SBJ Ms. Bogart) (VP has (VP said (SBAR that (S (NP-SBJ (NP her intent) (PP in (NP (NP such manipulative staging) (PP of (NP the classics))))) (VP is (ADVP simply) (NP-PRD an attempt (S (NP-SBJ *) (VP to `` (VP make (S (NP-SBJ it) (ADJP-PRD new))))))))))) . '')) (TOP (S (ADVP Indeed) , (PP-TMP during (NP a recent post-production audience discussion)) , (NP-SBJ the director) (VP explained (SBAR that (S (NP-SBJ her fondest artistic wish) (VP was (S-PRD (NP-SBJ *) (VP to (VP find (NP (NP a way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP play `` (NP-TTL (NP Somewhere) (PP-LOC Over (NP the Rainbow))) '' (SBAR so that (S (NP-SBJ-1 (NP the song 's) `` original beauty) (VP comes (ADVP-CLR through) , '' (S-ADV (NP-SBJ *-1) (VP surmounting (NP the cliche)))))) (ADVP *T*-2))))))))))))) .)) (TOP (S (NP-SBJ (NP The danger) (SBAR (WHNP-1 that) (S (NP-SBJ-2 Ms. Bogart) (VP seems (S (NP-SBJ *-2) (VP to (VP be (VP courting (NP *T*-1) (ADVP-LOC here))))))))) (VP is (NP-PRD (NP (NP one) (PP of (NP (NP obfuscation) (PP rather than (NP rejuvenation))))) , (NP (NP a vision) (PP (ADVP so) at (NP (NP odds) (PP with (NP the playwright 's)))) (SBAR that (S (NP-SBJ (NP the two points) (PP of (NP view))) (VP nullify , (CONJP rather than) illuminate , (NP each other))))))) .)) (TOP (S (NP-SBJ (NP Ms. Bogart 's) cast) (VP is (NP-PRD (NP part and parcel) (PP of (NP the problem)))) .)) (TOP (S (NP-SBJ (NP Ed Shea) and (NP Barbara Orson)) (ADVP-TMP never) (VP find (NP (NP a real reason) (PP for (NP (NP their love affair) (PP as (NP (NP the foolish , idealistic young Vass) and (NP the (ADJP tirelessly humanitarian) doctor Maria Lvovna))))))) .)) (TOP (S (NP-SBJ (NP Cynthia Strickland) (PP as (NP the long-suffering Varvara))) (VP is (NP-PRD (NP a tiresome whiner) , not (NP (NP the inspirational counterrevolutionary) (SBAR (WHNP-1 0) (S (NP-SBJ Gorky) (VP intended (NP *T*-1))))))) .)) (TOP (FRAG (ADJP-PRD Better) (S (NP-SBJ *) (VP to (VP look (PP-LOC in (NP the corners)) (PP-CLR for (NP (NP performances) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP inspire or amuse)))))))) .)) (TOP (S (NP-SBJ Janice Duclos) , (PP in (NP (NP addition) (PP to (S-NOM (NP-SBJ *) (VP possessing (NP (NP one) (PP of (NP (NP the evening 's) (ADJP more impressive) vocal instruments)))))))) , (VP brings (NP an unsuspected comedic touch) (PP-DIR to (NP (NP her role) (PP of (NP (NP Olga) , (NP (NP everybody 's) favorite mom)))))) .)) (TOP (S (NP-SBJ Marni Rice) (VP plays (NP the maid) (PP with (NP (NP (ADJP so much) edge) (SBAR as (S (NP-SBJ *) (VP to (VP steal (NP her two scenes)))))))) .)) (TOP (S-CLF But (NP-SBJ it) (VP is (NP-PRD (NP (NP the Trinity Rep newcomer) , (NP Jonathan Fried) (PRN -LRB- (NP (NP Zamislov) , (NP the paralegal)) -RRB-))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP the actor) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP watch (NP *T*-2))))))))) , (SBAR-ADV whether (S (NP-SBJ-3 he) (VP is (VP (VP hamming (NP it) (PRT up) (SBAR-TMP while (S (NP-SBJ *-3) (VP conducting (NP the chamber musicians))))) or (VP seducing (NP (NP (NP his neighbor 's) wife) (PRN -LRB- (NP Becca Lish) -RRB-)) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP licking (NP her bosom)))))))))) .)) (TOP (S (NP-SBJ Ms. de Vries) (VP writes (ADVP-TMP frequently) (PP-CLR about (NP theater))) .)) (TOP (PRN -LRB- (S (PP-TMP During (NP its centennial year)) , (NP-SBJ The Wall Street Journal) (VP will (VP report (NP (NP events) (PP of (NP the past century)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stand (PP-CLR as (NP (NP milestones) (PP of (NP American business history)))))))))) .) -RRB-)) (TOP (S (NP-SBJ (NP MORGAN STANLEY) , (NP THE (ADJP ONCE STODGY) investment house) ,) (PP-TMP in (NP 1974)) (VP helped (S (NP-SBJ a corporate client) (VP complete (NP a hostile takeover)))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP the start) (PP of (NP (NP a boom) (PP-LOC in (NP (ADJP unfriendly , even ungentlemanly ,) mergers)))))) .)) (TOP (S (PP-TMP On (NP July 18 , 1974)) , (NP-SBJ (NP (NP International Nickle) (PP of (NP Canada))) -- (VP advised (NP *) (PP by (NP-LGS Morgan))) --) (VP offered (NP (NP (NP $ 28 *U*) (NP-ADV a share)) , (ADJP equal (PP to (NP (QP $ 157 million) *U*))) ,) (PP-CLR for (NP (NP ESB) , (NP a Philadelphia battery maker)))) .)) (TOP (S (NP-SBJ ESB) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP given (NP *-1) (NP (NP (ADVP only) a three-hour advance warning) (PP on (NP a `` (S (NP-SBJ *) (VP (VP take (NP it)) or (VP leave (NP it)))) '' basis))) (PP-CLR from (NP (NP Inco) , (SBAR as (S (NP-SBJ-2 the Toronto company) (VP is (VP called (S (NP-SBJ *-2) (NP-PRD *?*))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ ESB) (VP is (ADJP-PRD aware (SBAR that (S (NP-SBJ-1 a hostile tender offer) (VP is (VP being (VP made (NP *-1) (PP by (NP-LGS a foreign company)) (PP-CLR for (NP (NP all) (PP of (NP (NP ESB 's) shares)))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP F.J. Port) , (NP (NP ESB 's) president)) .)) (TOP (S `` (NP-SBJ Hostile) '' (VP (ADVP-MNR thus) entered (NP the merger-acquisition lexicon)) .)) (TOP (S (NP-SBJ (NP Joseph Flom) , (PP of (NP (NP Skadden , Arps , Slote , Meagher & Flom) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP became (NP-PRD (NP a leading legal firm) (PP in (NP merger cases)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ the case) `` (VP made (S (NP-SBJ takeovers) (ADJP-PRD respectable)))))) . '')) (TOP (S (S (NP-SBJ ESB) (VP spurned (NP Inco))) and (S (PP-TMP within (NP five days)) (NP-SBJ ESB) (VP had (NP a `` white knight '') (SBAR-ADV as (S (NP-SBJ (NP United Aircraft) -- (VP headed (NP *) (PP by (NP-LGS (NP Harry Gray) , (NP (NP a (ADJP shrewdly friendly acquirer)) (PP of (NP companies)))))) --) (VP offered (NP (NP $ 34 *U*) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ-1 Gray) (VP was (VP advised (NP *-1) (PP by (NP-LGS (NP Goldman Sachs) and (NP Merrill Lynch))))) .)) (TOP (S (S (NP-SBJ ESB directors) (VP (ADVP-MNR warmly) accepted)) , but (S (NP-SBJ a whirlwind bidding match) (VP ensued)) .)) (TOP (S (PP-TMP Within (NP (NP a few days) (PP-TMP in (NP July)))) , (S (NP-SBJ Inco) (VP raised (NP its bid) (PP-CLR to (NP $ 36 *U*)))) and (S (NP-SBJ United) (VP matched (NP it))) .)) (TOP (S (PP-TMP On (NP a single day)) (NP-SBJ Inco) (VP lifted (NP its offer) (PP-CLR (PP to (NP $ 38 *U*)) and then (PP to (NP (NP $ 41 *U*) , (ADJP equal (PP to (NP (QP $ 225.5 million) *U*))))))) .)) (TOP (S (NP-SBJ United) (VP (VP met (NP the $ 38 *U*)) but (ADVP then) (VP withdrew)) .)) (TOP (S (S (NP-SBJ ESB) (PP-TMP on (NP July 29)) (VP accepted (NP the Inco offer))) and (S (NP-SBJ the brief battle) -- (PP unlike (NP (NP the (ADJP intricate and lengthy) big takeovers) (PP of (NP 1984-1989)))) -- (VP was (ADJP-PRD over))) .)) (TOP (S (NP-SBJ The new gritty game) (VP became (NP-PRD a money maker) (PP for (NP (NP Wall Street 's) (ADJP once austere) old-name houses))) .)) (TOP (S (NP-SBJ Inco) (VP paid (NP Morgan) (NP (NP an advisory fee) (PP of (NP (NP (QP about $ 250,000) *U*) , (NP (NP a paltry figure) (PP by (NP (NP today 's) measures))))))) .)) (TOP (S (NP-TMP Early this year) (NP-SBJ (NP Morgan) and (NP three other investment houses)) each (VP received (NP (NP (QP $ 25 million) *U*) (PP in (NP advisory fees))) (PP-DIR from (NP Kohlberg Kravis & Roberts)) (PP-LOC in (NP (NP its $ 25 billion *U* friendly buy-out) (PP of (NP RJR Nabisco))))) .)) (TOP (S (NP-SBJ HomeFed Corp.) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP slid (NP-EXT 14 %) (PP-DIR to (NP (NP (QP $ 23.9 million) *U*) , or (NP (NP $ 1.10 *U*) (PP per (NP (ADJP fully diluted) share))))) , (PP-DIR from (NP (NP (QP $ 27.9 million) *U*) , or (NP (NP $ 1.21 *U*) (NP-ADV a (ADJP fully diluted) share)))) , (PP-PRP because of (NP (NP increased bad assets) and (NP (NP unexpected trouble) (PP in (S-NOM (NP-SBJ *) (VP unloading (NP foreclosed property))))))))))) .)) (TOP (S (NP-SBJ The decline) (VP (VP surprised (NP analysts)) and (VP jolted (NP (NP (NP HomeFed 's) stock) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP lost (NP (NP 8.6 %) (PP of (NP its value))) , (S-ADV (NP-SBJ *-2) (VP closing (PP-CLR at (NP $ 38.50 *U*)) (PP-LOC on (NP the New York Stock Exchange)) , (ADVP-CLR down (NP $ 3.625 *U*)))))))))) .)) (TOP (S (NP-SBJ HomeFed) (VP had (VP been (NP-PRD (NP one) (PP of (NP (NP the handful) (PP of (NP large West Coast thrifts)) (SBAR (WHNP-1 that) (S (PP-TMP in (NP recent quarters)) (NP-SBJ *T*-1) (VP had (VP counteracted (NP (NP interest-rate problems) (VP dogging (NP the industry))) (PP-MNR by (S-NOM (NP-SBJ *) (VP (VP keeping (NP-CLR a lid) (PP-CLR on (NP problem assets))) and (VP lending (ADVP-MNR heavily) (PP-CLR into (NP the furious California housing market))))))))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP had (VP been (VP projecting (NP (NP fully diluted earnings) (PP-TMP in (NP the third quarter)) (PP-LOC in (NP (NP the range) (PP of (NP (NP (QP about $ 1.30) *U*) (NP-ADV a share))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP HomeFed 's) loan originations and purchases) (VP plunged (NP-EXT 26 %) (PP-TMP in (NP the quarter)) , (PP-DIR to (NP (QP $ 1.4 billion) *U*)) (PP-DIR from (NP (QP $ 1.9 billion) *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ non-performing assets) (VP rose (PP-DIR to (NP (QP $ 593 million) *U*)) (PP-DIR from (NP (QP $ 518.7 million) *U*))) .)) (TOP (S (NP-SBJ (NP (QP Some $ 380 million) *U*) (PP of (NP the troubled assets))) (VP is (NP-PRD repossessed real estate) , (NP-ADV (NP a (ADJP 55.6 %) surge) (PP from (NP (NP the (QP $ 244.2 million) *U*) (PP of (NP (NP repossesed property) (SBAR (WHNP-1 0) (S (NP-SBJ HomeFed) (VP held (NP *T*-1) (ADVP-TMP (NP a year) ago)))))))))) .)) (TOP (S (NP-SBJ HomeFed) (VP has (NP (NP (QP $ 17.9 billion) *U*) (PP of (NP assets)))) .)) (TOP (S (NP-SBJ HomeFed) (VP said (SBAR 0 (S (NP-SBJ (NP most) (PP of (NP the troubled assets))) (VP are (NP-PRD (NP apartment complexes) , (NP shopping malls) and (NP other commercial real estate)))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ about half) (VP are (PP-LOC-PRD in (NP California)) , (PP with (NP (NP the rest) (VP scattered (NP *) (PP-LOC across (NP the country))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (S (NP-SBJ (NP sales) (PP of (NP such properties))) (VP were (ADJP-PRD (ADJP slower) (PP than (S-NOM (NP-SBJ-1 *) (VP anticipated (NP *-1))))) (PP-TMP in (NP the third quarter)))) , but (S (NP-SBJ it) (VP expects (S (NP-SBJ sales) (VP to (VP pick (ADVP-CLR up) (PP-TMP in (NP (NP the rest) (PP of (NP the year)))))))))))) .)) (TOP (S (NP-SBJ HomeFed) (VP said (SBAR 0 (S (NP-SBJ (NP the slide) (PP-LOC in (NP loan originations))) (VP was (NP-PRD (ADVP more) (NP (NP a matter) (PP of (NP design))) (PP than (NP (NP a sign) (PP of (NP (NP cooling) (PP-LOC in (NP the California market))))))))))) .)) (TOP (S (NP-SBJ (NP Any such downturn) (PP-LOC in (NP California))) (VP would (VP be (NP-PRD grim news) (PP for (NP (NP West Coast thrifts) , particularly (NP (NP the (ADJP less healthy) ones) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (VP performed (ADVP-MNR poorly) (PP (ADVP even) with (NP a torrid market))))))))))) .)) (TOP (S But (NP-SBJ HomeFed) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP purposely) (VP curbed (NP loan originations) (PP-TMP in (NP the quarter)) (PP-PRP because of (NP (NP uncertainty) (PP over (NP (NP the new (NX (NX capital requirements) and (NX regulations))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP emerge (PP-DIR from (NP (NP negotiations) (PP over (S-NOM (NP-SBJ *) (VP implementing (NP (NP the government 's) massive thrift bailout bill)))))))))))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ its real-estate operations) (VP earned (NP (NP a record (QP $ 21.7 million) *U*) , (NP (NP (QP more than double) year-earlier real estate profit) (PP of (NP (QP $ 9 million) *U*)))))))) .)) (TOP (S And (NP-SBJ analysts) (VP said (SBAR 0 (S (NP-SBJ they) (VP see (NP (NP no signs) (PP of (NP (NP an imminent swoon) (PP-LOC in (NP California real estate))))) , (PP (ADVP even) with (NP (NP last week 's) earthquake)))))) .)) (TOP (S (NP-SBJ The thrift) (VP said (SBAR 0 (S (NP-SBJ-1 earnings) (ADVP also) (VP were (VP nicked (NP *-1) (PP-TMP in (NP the quarter)) (PP by (NP-LGS (NP a (ADJP (QP $ 4 million) *U*) provision) (PP for (NP (NP losses) (VP associated (NP *) (PP-CLR with (NP its (ADJP previously reported) plan (S (NP-SBJ *) (VP to (VP liquidate (NP a real-estate franchise network)))))))))))))))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ HomeFed) (VP earned (NP (NP (NP (QP $ 82.5 million) *U*) , or (NP (NP $ 3.52 *U*) (NP-ADV a (ADJP fully diluted) share))) , (NP (NP a (ADJP 4.3 %) increase) (PP from (NP (NP year-earlier net income) (PP of (NP (NP (QP $ 79.1 million) *U*) , or (NP (NP $ 3.43 *U*) (NP-ADV a (ADJP fully diluted) share))))))))) .)) (TOP (S (NP-SBJ-1 (NP Yields) (PP on (NP (NP certificates) (PP of (NP deposit))))) (PP-LOC at (NP major banks)) (VP were (VP (NP-EXT little) changed (NP *-1) (PP-TMP in (NP the latest week)))) .)) (TOP (S (NP-SBJ (NP The average yield) (PP on (NP (NP six-month CDs) (PP of (NP $ 50,000 *U* (QP and less)))))) (VP slipped (PP-DIR to (NP 7.96 %)) (PP-DIR from (NP 8.00 %)) , (PP according (PP to (NP (NP Banxquote Money Markets) , (NP (NP an information service) (VP based (NP *) (ADVP-LOC-CLR here))))))) .)) (TOP (S (PP On (NP (NP one-year) CDs (PP of (NP $ 50,000 *U* (QP and less))))) , (NP-SBJ the average) (VP slid (PP-DIR to (NP 8.02 %)) (PP-DIR from (NP 8.06 %))) .)) (TOP (S (NP-SBJ Both issues) (VP are (PP-LOC-PRD among (NP (NP the most popular) (PP with (NP individual investors))))) .)) (TOP (SINV `` (S-TPC-2 (PP-PRP-1 Because of (NP (NP shrinkage) (PP-LOC in (NP the economy)))) , (NP-SBJ rates) (VP can (VP be (VP expected (S (NP-SBJ *-1) (VP to (VP decline (PP-TMP over (NP a one-year horizon))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Norberto Mehl) , (NP (NP chairman) (PP of (NP Banxquote)))) .)) (TOP (S `` (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's (ADJP-PRD unclear) (SBAR-1 (SBAR (WHADVP-2 how much) (S (NP-SBJ rates) (VP can (VP fall (ADVP-EXT *T*-2))))) and (FRAG (WHADVP how soon)))) . '')) (TOP (S (NP-SBJ (NP Changes) (PP-LOC in (NP CD yields))) (PP-TMP in (NP (NP the week) (VP ended (NP-TMP Tuesday)))) (VP were (PP-LOC-PRD in (NP (NP line) (PP with (NP (NP blips) (ADVP up and down) (PP-LOC within (NP a fairly narrow range)) (PP-TMP for (NP the last two months))))))) .)) (TOP (S (NP-SBJ-1 Interest rates) (ADVP generally) (VP began (S (NP-SBJ *-1) (VP declining)) (NP-TMP last spring) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP moving (ADVP-MNR steadily) (ADVP-DIR upward) (PP-TMP for (NP (QP more than a) year)))))) .)) (TOP (S (NP-SBJ (NP The average yield) (PP on (NP small-denomination three-month CDs))) (VP moved (ADVP-DIR up) (NP-EXT (NP two-hundredths) (PP of (NP a percentage point))) (PP-TMP in (NP the latest week)) (PP-DIR to (NP 7.85 %))) .)) (TOP (S (NP-SBJ Long-term CDs) (VP declined (NP-EXT just a fraction)) .)) (TOP (S (NP-SBJ (NP The average yield) (PP on (NP both (NP two-year CDs) and (NP five-year CDs)))) (VP was (NP-PRD 7.98 %)) .)) (TOP (S (NP-SBJ-1 (NP Only CDs) (VP sold (NP *) (PP by (NP-LGS major brokerage firms)))) (VP posted (NP (NP significant increases) (PP-LOC in (NP average yields))) (PP-TMP in (NP the latest week)) , (S-ADV (NP-SBJ *-1) (VP reflecting (NP (NP increased yields) (PP on (NP (NP Treasury bills) (VP sold (NP *) (PP-LOC at (NP (NP Monday 's) auction))))))))) .)) (TOP (S (S (NP-SBJ (NP The average yield) (PP on (NP six-month broker-sold CDs))) (VP rose (PP-DIR to (NP 8.29 %)) (PP-DIR from (NP 8.05 %)))) and (S (PP on (NP one-year CDs)) (NP-SBJ the average yield) (VP rose (PP-DIR to (NP 8.30 %)) (PP-DIR from (NP 8.09 %)))) .)) (TOP (S (NP-SBJ (NP The brokerage firms) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP negotiate (NP rates) (PP with (NP (NP the banks and thrifts) (SBAR (WHNP-2 whose CDs) (S (NP-SBJ they) (VP sell (NP *T*-2))))))))) ,) (ADVP generally) (VP feel (SBAR 0 (S (NP-SBJ-3 they) (VP have (S (NP-SBJ *-3) (VP to (VP offer (NP clients) (NP (NP more) (SBAR than (S (NP-SBJ they) (VP can (VP get (NP *?*) (PP (PP on (NP T-bills)) or (PP-DIR from (NP banks and thrifts) (ADVP directly))))))))))))))) .)) (TOP (S (NP-SBJ (NP T-bills) (VP sold (NP *) (PP-LOC at (NP (NP Monday 's) auction)))) (VP yielded (NP (NP (NP (NP 7.90 %) (PP for (NP six months))) and (NP (NP 7.77 %) (PP for (NP three months)))) , (ADVP up (PP-DIR from (NP (NP 7.82 %) and (NP 7.61 %) , (ADVP respectively)) , (ADVP-TMP (NP the week) before))))) .)) (TOP (S (NP-SBJ (NP So-called jumbo CDs) , (PP (ADVP typically) in (NP (NP denominations) (PP of (NP $ 90,000 *U* (QP and up))))) ,) (ADVP also) (ADVP-TMP usually) (VP follow (NP (NP T-bills) and (NP interest rate trends)) (PP in (ADJP general)) (ADVP (ADVP more) (PP than (NP (NP those) (VP aimed (NP *) (PP-CLR at (NP small investors))))))) .)) (TOP (S (NP-SBJ Some jumbos) (VP posted (NP (NP fractional changes) (PP-LOC in (NP average yields)) (ADVP *ICH*-1)) (NP-TMP this week) , (ADVP-1 both up and down)) .)) (TOP (S (NP-SBJ (NP The average yield) (PP on (NP threemonth jumbos))) (VP rose (PP-DIR to (NP 8.00 %)) (PP-DIR from (NP 7.96 %)) , (SBAR-ADV while (S (NP-SBJ the two-year average) (VP fell (PP-EXT by (NP the same amount)) (PP-DIR to (NP 7.89 %)))))) .)) (TOP (S (NP-SBJ Six-month and oneyear yields) (VP were (ADJP-PRD unchanged) , (PP on (NP average))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The (PRN -LRB- CD -RRB-) market) (VP is (ADJP-PRD unsettled) (ADVP-TMP right now))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Banxquote 's) Mr. Mehl) .)) (TOP (S `` (NP-SBJ-1 It) (VP 's (VP (ADVP-MNR very easily) influenced (NP *-1) (PP by (NP-LGS (NP changes) (PP-LOC in (NP (NP the stock market) and (NP the junk bond market))))))) . '')) (TOP (S (NP-SBJ (NP The small changes) (PP-LOC in (NP averages))) (VP reflect (NP (NP generally unchanged yields) (PP-LOC at (NP many major banks)))) .)) (TOP (S (NP-SBJ Some) , (ADVP however) , (VP lowered (NP yields) (ADVP significantly)) .)) (TOP (S (PP-LOC At (NP (NP Chase Manhattan Bank) (PP-LOC in (NP New York)))) , (PP for (NP example)) , (NP-SBJ (NP the yield) (PP on (NP a small denomination six-month CD))) (VP fell (NP-EXT (NP about a quarter) (PP of (NP a percentage point))) (PP-DIR to (NP 8.06 %))) .)) (TOP (S (PP-LOC In (NP California)) , (NP-SBJ (NP Bank) (PP of (NP America))) (VP dropped (NP (NP the yield) (PP on (NP both six-month and one-year `` savings '' CDs))) (PP-DIR to (NP 8.33 %)) (PP-DIR from (NP 8.61 %))) .)) (TOP (S (NP-SBJ (NP Yields) (PP on (NP money-market deposits))) (VP were (UCP-PRD (ADJP unchanged (PP at (NP (NP an average 6.96 %) (PP for (NP $ 50,000 *U* (QP and less)))))) and (ADVP down (NP-EXT (NP just a hundredth) (PP of (NP a percentage point))) (PP to (NP 7.41 %)) (PP for (NP jumbo deposits))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Lion Nathan Ltd.) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP the franchise (S (NP-SBJ *) (VP to (VP bottle , distribute and market (NP Pepsi-Cola soft-drink products) (PP-LOC in (NP Australia))))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The New Zealand brewing and retail concern) (VP did n't (VP disclose (NP terms))) .)) (TOP (S (NP-SBJ The agreement) (VP (VP is (ADJP-PRD effective) (NP-TMP Jan. 1)) and (VP is (ADJP-PRD subject (PP to (NP (NP approval) (PP from (NP (NP Australia 's) Foreign Investment Review Board))))))) .)) (TOP (S (NP-SBJ Cadbury Schweppes Australia Ltd.) (VP has (VP held (NP the Australian Pepsi franchise) (PP-TMP for (NP the past four years)))) .)) (TOP (S (NP-SBJ (NP Lion Nathan) and (NP (NP PepsiCola Australia) , (NP (NP a unit) (PP of (NP (NP PepsiCo Inc.) (PP of (NP the U.S.))))) ,)) (VP did n't (VP say (SBAR (WHADVP why) (S (NP-SBJ Cadbury Schweppes) (VP will (ADVP-TMP no longer) (VP hold (NP the franchise))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ Wang Laboratories Inc.) (VP (VP has (VP sold (NP (NP (QP $ 25 million) *U*) (PP of (NP assets))))) and (VP reached (NP (NP agreements (S *ICH*-1)) (PP in (NP principle)) (S-1 (NP-SBJ *) (VP to (VP sell (NP an additional (QP $ 187 million) *U*) (ADVP-TMP shortly)))))))) , (NP-SBJ (NP Richard Miller) , (NP president) ,) (VP said (SBAR 0 (S *T*-2)) (PP-LOC at (NP the annual meeting))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ Wang) (VP had (VP reached (NP (NP an agreement (S *ICH*-1)) (PP with (NP a `` major financial firm '')) (S-1 (NP-SBJ *) (VP to (VP sell (PP-CLR for (NP (QP $ 150 million) *U*)) (NP (NP its domestic equipment lease portfolio) and (NP (NP that) (PP of (NP its Wang Credit Corp. subsidiary))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 it) (ADVP also) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP (NP a portion) (PP of (NP its European real estate unit))) (PP-CLR for (NP (QP $ 37 million) *U*))))))))) .)) (TOP (S (NP-SBJ Mr. Miller) (VP (VP said (SBAR that (S (NP-SBJ Wang) (VP has (ADVP-TMP already) (VP sold (NP (NP (QP some $ 12 million) *U*) (PP of (NP miscellaneous assets)))))))) and (VP disclosed (SBAR that (S (NP-SBJ it) (VP had (VP received (NP (QP $ 13 million) *U*) (PP-DIR from (NP (NP Compaq Computer Corp.) , (NP-LOC Houston) ,)) (PP-LOC in (NP (NP the previously announced sale) (PP of (NP its (NP (NP Stirling) , (NP Scotland) ,) plant)))))))))) .)) (TOP (S (NP-SBJ Mr. Miller) (VP repeated (SBAR that (S (PP-TMP in (NP the next six months)) (NP-SBJ-1 he) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP sell (NP (NP another (QP $ 200 million to $ 300 million) *U*) (PP of (NP assets))) (S-PRP (NP-SBJ *-2) (VP to (VP (VP repay (NP debt)) and (VP reduce (NP (NP interest costs) (PP-LOC at (NP (NP Wang) , (NP (NP a minincomputer maker) (PP-LOC in (NP (NP Lowell) , (NP Mass)))))))))))))))))) .)) (TOP (S (PP In (NP (NP response) (PP to (NP (NP questions) (PP-TMP after (NP the annual meeting)))))) , (NP-SBJ Mr. Miller) (VP said (SBAR 0 (S (NP-SBJ the company) (VP is (ADVP-TMP no longer) (VP looking (PP-CLR for (NP an equity investor))))))) .)) (TOP (S (PP-TMP During (NP the summer)) , (NP-SBJ Wang executives) (VP had (VP said (SBAR 0 (S (NP-SBJ they) (VP might (VP seek (NP outside investment))))))) .)) (TOP (S (NP-SBJ Murata Mfg. Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP establishing (NP (NP a subsidiary) (SBAR *ICH*-2)) (PP-LOC in (NP Britain)) (SBAR-2 (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP produce (NP (NP electric parts) , (PP including (NP ceramic condensers)))))))))))) .)) (TOP (S (NP-SBJ (NP The Tokyo maker) (PP of (NP ceramic capacitors))) (VP said (SBAR 0 (S (NP-SBJ it) (VP purchased (NP (NP a plant) (PP-LOC in (NP Plymouth))))))) .)) (TOP (S (NP-SBJ The company) (VP did n't (VP disclose (NP (NP a purchase price) or (NP capitalization figures)))) .)) (TOP (S (NP-SBJ Murata) (VP said , (ADVP however) , (SBAR 0 (S (NP-SBJ it) (VP will (VP invest (NP (NP (QP about 1.4 billion) yen) (PRN -LRB- (NP (QP $ 9.9 million) *U*) -RRB-)) (PP-CLR in (NP the new company))))))) .)) (TOP (S (NP-SBJ-1 Production) (VP is (VP slated (S (NP-SBJ *-1) (VP to (VP begin (PP-TMP in (NP April))))))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP a European foothold) , (NP (NP Murata Europe Management G.m.b . H.) (PP-LOC in (NP Germany))))))) ,) (VP said (SBAR 0 (S (NP-SBJ-2 the latest venture) (VP is (VP designed (S (NP-SBJ *-2) (VP to (VP meet (NP (NP demand) (PP for (NP electric parts)) (PP-LOC in (NP European Community countries))) (ADVP-TMP ahead (PP of (NP (NP the creation) (PP of (NP the unified market))))) (PP-TMP by (NP (NP the end) (PP of (NP 1992)))))))))))) .)) (TOP (S (NP-SBJ Murata) (VP expects (NP (NP sales) (PP-LOC at (NP the unit)) (PP of (NP (QP about 1.5 billion) yen)) (PP-TMP in (NP the first year)))) .)) (TOP (S (NP-SBJ Safeway Stores Inc.) (VP (VP reported (NP (NP a 69 % decline) (PP-LOC in (NP profit)) (PP for (NP the fiscal third quarter)))) , but (VP said (SBAR 0 (S (NP-SBJ-1 operating improvements) (VP were (VP masked (NP *-1) (PP by (NP-LGS (NP unusual gains) (PP-TMP in (NP the year-earlier period)))))))))) .)) (TOP (S (NP-SBJ (NP The Oakland grocery retailer) , (VP (ADVP-MNR closely) held (NP *) (PP-TMP since (NP (NP a (ADJP (QP $ 4.2 billion) *U*) leveraged buy-out) (PP-TMP in (NP 1986))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP profit) (PP for (NP (NP the three months) (VP ended (NP-TMP Sept. 9))))) (VP was (NP-PRD (NP (QP $ 7.1 million) *U*) , (PP compared (PP with (NP (NP (QP $ 23 million) *U*) (ADVP-TMP (NP a year) earlier))))))))) .)) (TOP (S But (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ the year-earlier results) (VP included (NP (NP gains) (PP of (NP (QP $ 23.5 million) *U*)) (PP from (NP divestitures))))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 4.2 %) (PP-DIR to (NP (QP $ 3.31 billion) *U*)) (PP-DIR from (NP (QP $ 3.2 billion) *U*))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ profit) (VP fell (NP-EXT 49 %) (PP-DIR to (NP (QP $ 23.5 million) *U*)) (PP-DIR from (NP (NP (QP $ 46 million) *U*) (PP-TMP in (NP the year-earlier quarter)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP included (NP (NP divestiture-related gains) (PP of (NP (QP $ 50.6 million) *U*)))))))))))) .)) (TOP (S (NP-SBJ Sales) (VP increased (NP-EXT 5.5 %) (PP-DIR to (NP (QP $ 9.81 billion) *U*)) (PP-DIR from (NP (QP $ 9.3 billion) *U*))) .)) (TOP (S (NP-SBJ Benjamin Jacobson & Sons) (VP has (VP been (NP-PRD (NP the New York Stock Exchange specialist firm) (PP in (NP (NP charge) (PP of (S-NOM (NP-SBJ *) (VP trading (NP (NP stock) (PP in (NP (NP UAL Corp.) and (NP its predecessors)))))))))) (PP-TMP since (NP the early 1930s)))) .)) (TOP (S But (NP-SBJ the firm) (VP has (ADVP-TMP never) (VP had (NP (NP a day) (PP like (NP yesterday))))) .)) (TOP (S (PP-TMP At (ADVP first)) (NP-SBJ UAL) (VP did n't (VP open (PP-PRP because of (NP an order imbalance)))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ it) (VP did (NP-TMP (NP a half-hour) (PP into (NP the session))) (ADVP-TMP *T*-2)))) , (NP-SBJ-1 it) (VP was (VP priced (NP *-1) (PP-CLR at (NP (NP (NP $ 150 *U*) (NP-ADV a share)) , (ADVP down (NP (QP more than $ 28) *U*) (PP from (NP (NP Monday 's) close))))))) .)) (TOP (S (S (NP-SBJ It) (VP sank (ADVP further) (PP-DIR to (NP (QP as low as $ 145) *U*)))) , but (S (NP-SBJ a big rally) (VP developed (PP-TMP in (NP the last half hour)) , (S-ADV (NP-SBJ *) (VP pushing (NP-1 the stock) (ADVP-DIR back) (ADVP-DIR up) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP $ 170 *U*) , (ADVP down (NP (QP just $ 8.375) *U*) (PP from (NP Monday)))))))))))) .)) (TOP (S (PP-LOC In (NP the process)) , (NP-SBJ (QP 4.9 million) shares) (VP traded , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ UAL) (NP-PRD (NP the (ADJP second most active) issue) (PP-LOC on (NP the Big Board))))))) .)) (TOP (S (S-ADV (S (NP-SBJ *-2) (VP Munching (NP pizza) (SBAR-TMP (WHADVP when) (S (NP-SBJ they) (VP could (VP *?*)))))) and (S (NP-SBJ *-2) (VP yelling (SBAR-TMP until (S (NP-SBJ their voices) (VP gave (ADVP-CLR out))))))) , (NP-SBJ-2 (NP the two Benjamin Jacobson specialists) (PP-LOC at (NP (NP the Big Board 's) UAL trading post))) (NP-TMP yesterday) (VP presided (PP over (SBAR-NOM (WHNP-3 what) (S (NP-SBJ-1 *T*-3) (VP can (ADVP only) (VP be (VP described (NP *-1) (PP-CLR as (NP a financial free-for-all))))))))) .)) (TOP (S `` (NP-SBJ It) (VP was (ADJP-PRD chaotic)) .)) (TOP (SINV (S-TPC-2 But (NP-SBJ-1 we) (VP like (S (NP-SBJ *-1) (VP to (VP call (S (NP-SBJ it) ` (NP-PRD controlled chaos))))))) , ' '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP 47-year-old Robert J. Jacobson Jr.) , (NP (NP grandson) (PP of (NP (NP the firm 's) founder)))) .)) (TOP (S (NP-SBJ He) (VP manned (NP the UAL post) (NP-TMP yesterday) (PP with (NP (NP Christopher Bates) , (NP 33) , (NP (NP an energetic Long Islander) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP 's (NP-PRD (NP a dead ringer) (PP for (NP actor Nicolas Cage)))))))))) .)) (TOP (SBARQ (WHNP-1 Who) (SQ (NP-SBJ *T*-1) was (VP doing (NP all the selling))) ?)) (TOP (SINV `` (FRAG-TPC-1 (NP (NP Options traders) , (NP arbitrage traders) -- (NP everyone))) , '' (VP said (FRAG *T*-1)) (NP-SBJ-2 Mr. Bates) , (S-ADV (NP-SBJ *-2) (VP cooling (ADVP-CLR down) (PP with (NP (NP a carton) (PP of (NP apple juice)))) (PP-TMP after (NP the close)) (NP-TMP yesterday))) .)) (TOP (SINV (VP Added (S *ICH*-1)) (NP-SBJ Mr. Jacobson) , `` (S-1 (NP-SBJ There) (VP were (NP-PRD (NP some (ADJP pretty bad) losses) (PP-LOC in (NP the stock))))) . '')) (TOP (S (NP-SBJ Big Board traders) (VP said (SBAR 0 (S (NP-SBJ (NP a 200,000-share buy order) (PP at (NP (NP $ 150 *U*) (NP-ADV a share))) (VP entered (NP *) (PP by (NP-LGS (NP Bear , Stearns & Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD active) (PP-LOC in (NP UAL stock)) (NP-TMP all day)))) ,)))) (VP is (SBAR-PRD (WHNP-2 what) (S (NP-SBJ *T*-2) (VP set (ADVP-CLR off) (NP the UAL crowd) (PP-TMP in (NP the late afternoon))))))))) .)) (TOP (S (NP-SBJ (NP A subsequent rally) (PP-LOC in (NP UAL))) (VP helped (S (NP-SBJ-1 the staggering stock market) (VP stage (NP (NP an astonishing recovery) (PP from (NP an 80-point deficit))) (S-ADV (NP-SBJ *-1) (VP to (VP finish (PP-LOC-CLR (ADVP only slightly) below (NP (NP Monday 's) close)))))))) .)) (TOP (S (NP-SBJ (NP Both Jacobson traders) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP been (VP hoping (SBAR 0 (S (NP-SBJ UAL trading) (VP would (VP get (ADVP-CLR back) (PP-DIR to (ADJP normal))))))))))) ,) (VP read (NP (NP the news) (PP about (NP (NP the unraveling) (PP of (NP UAL takeover plans))))) (PP-LOC on (NP (NP the train) (PP into (NP work)))) (NP-TMP yesterday morning)) .)) (TOP (S (NP-SBJ The news) (VP told (NP them) (SBAR 0 (S (NP-SBJ it) (VP would (VP be (NP-PRD (NP a while) (ADVP longer)) (SBAR before (S (NP-SBJ-1 UAL) (VP resumed (S (NP-SBJ *-1) (VP trading (PP-CLR like (NP a regular airline stock))))))) (PP-TMP after (NP (NP months) (PP of (NP gyrations))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Mr. Jacobson) (VP walked (PP-DIR into (NP the office)) (PP-TMP at (NP 7:30 a.m. EDT)) (ADVP-TMP *T*-1)))) , (NP-SBJ he) (VP announced : `` (S (INTJ OK) , (NP-SBJ *) (VP buckle (PRT up)))) . '')) (TOP (S (NP-SBJ Messrs. Jacobson and Bates) (VP (VP walked (PP-DIR on (NP the Big Board floor)) (PP-TMP at (NP about 8:45 a.m.)) (NP-TMP yesterday)) and (VP (ADVP-TMP immediately) spotted (NP trouble))) .)) (TOP (SINV (ADVP-TMP Already) (VP-TPC-1 (VP entered (NP *-2) (PP-CLR in (NP (NP the Big Board 's) computers))) and (VP transmitted (NP *-2) (PP-DIR to (NP their post)))) (VP were (VP *T*-1)) (NP-SBJ-2 (NP sell orders) (PP for (NP 65,000 UAL shares))) .)) (TOP (S (NP-SBJ The UAL news) (VP had (ADVP-TMP already) (VP caused (NP a selling furor) (PP-LOC in (NP (NP the so-called third market) , (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ firms) (VP buy and sell (NP stock) (ADVP-LOC away (PP from (NP the exchange floor))) (PP-LOC *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP UAL) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP closed (PP-LOC on (NP the Big Board)) (NP-TMP Monday) (PP-CLR at (NP (NP $ 178.375 *U*) (NP-ADV a share)))))) ,) (VP traded (PP-LOC in (NP the third market)) (ADVP-TMP afterward) (ADVP-LOC as low (PP as (NP (NP $ 158 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ There) (VP were (NP-PRD (NP rumors) (PP of (NP (ADJP $ 148-a-share *U*) trades)))) .)) (TOP (S (PP-TMP In (NP (NP the 45 minutes) (PP-TMP before (NP the 9:30 opening bell)))) , (NP-SBJ-1 the Jacobson specialists) (VP kept (S (NP-SBJ *-1) (VP getting (NP (NP sell orders) , (ADJP (ADJP heavier) (SBAR than (S (NP-SBJ they) (VP imagined (SBAR 0 (S *?*)))))))))) .)) (TOP (S And (PP-TMP at (NP 9:15)) , (NP-SBJ they) (VP posted (NP (NP a (ADJP (QP $ 135 to $ 155) *U*) `` first indication) , '' or (NP (NP the price range) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ the stock) (VP would (ADVP probably) (VP open (PP-LOC *T*-1)))))))) .)) (TOP (S (NP-SBJ-2 That range) (VP was (VP (ADVP-MNR quickly) narrowed (NP *-2) (PP-CLR to (NP (QP $ 145 to $ 155) *U*)) , (SBAR-ADV although (S (NP-SBJ-1 (NP traders) (VP surrounding (NP the post))) (VP were (VP told (NP *-1) (SBAR that (S (NP-SBJ (QP $ 148 to $ 150) *U*) (VP would (VP be (NP-PRD the likely target))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ-2 UAL) (ADVP-TMP finally) (VP opened (S (NP-SBJ *-2) (ADVP-PRD (NP a half hour) late)) (ADVP-TMP *T*-1)))) , (NP-SBJ (QP some 400,000) shares) (VP traded (PP-LOC-CLR at (NP $ 150 *U*))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ There) (VP was `` (NP-PRD selling pressure) (PP from (NP everyone)))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ one trader) .)) (TOP (S (NP-SBJ (NP (NP This month 's) Friday-the-13th market plunge) (VP spurred (NP *) (PP by (NP-LGS UAL news)))) (VP was n't (ADJP-PRD (ADJP as bad) (PP *ICH*-1)) (PP for (NP the Jacobson specialists)) (PP-1 as (NP (NP yesterday 's) action))) .)) (TOP (S (PP-TMP On (NP that earlier day)) , (NP-SBJ-1 (NP the stock 's) trading) (VP was (VP halted (NP *-1) (PP-TMP at (NP a critical time)) (SBAR-PRP so (S (NP-SBJ the specialists) (VP could (VP catch (NP their breath))))))) .)) (TOP (FRAG Not (NP-TMP yesterday) .)) (TOP (S (S (NP-SBJ Mr. Jacobson) (PRN , (S-ADV (NP-SBJ his gray hair) (VP flying)) ,) (VP did n't (VP wear (PRT out) (NP his red-white-and-blue sneakers)))) , but (S (NP-SBJ he) (VP sweat (NP-EXT so much (SBAR 0 (S (NP-SBJ-1 he) (VP considered (S (NP-SBJ *-1) (VP sending (PRT out) (PP-CLR for (NP a new shirt)))))))))) .)) (TOP (S (NP-SBJ Mr. Bates) (ADVP-TMP usually) (VP handles (NP day-to-day UAL trading) (PP on (NP his own))) .)) (TOP (S But (NP-TMP yesterday) , (NP-SBJ the heavy trading action) (ADVP-TMP eventually) (VP consumed (NP (CONJP not only) (NP Messrs. Jacobson and Bates) but (NP (NP four other Jacobson partners) , (VP all doing (NP (NP their specialist-firm job) (PP of (S-NOM (NP-SBJ *) (VP (VP tugging (NP buyers and sellers) (ADVP-CLR together)) and (VP adjusting (NP prices) (S-PRP (NP-SBJ *) (VP to (VP accommodate (NP the market))))))))))))) .)) (TOP (S (S (NP-SBJ (QP About 30) floor traders) (VP crammed (PP-LOC near (NP the UAL post)) (NP-TMP (NP most) (PP of (NP the day))))) , and (ADVP probably) (S (NP-SBJ hundreds more) (VP came and went -- (NP-ADV (NP a `` seething mass) , '' (SBAR as (S (NP-SBJ one trader) (VP described (NP it))))))) .)) (TOP (S (NP-SBJ (NP The (ADJP 4.9 million-share) volume) (VP flowing (PP-DIR through (NP the Jacobson specialist operation)))) (VP was (NP-PRD (NP (QP about five times) normal) (PP for (NP the stock)))) .)) (TOP (S (NP-SBJ (NP The heavy buying) (PP-TMP in (NP the last half hour))) (VP led (S (NP-SBJ the specialists) (VP to (VP take (NP special steps))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP The Bear Stearns order) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP marked (NP the late-day turnaround))))) (VP caused (NP a `` massive buying effort '') (SBAR-ADV as (S (NP-SBJ UAL) (VP jumped (NP-EXT (NP $ 20 *U*) (NP-ADV a share)) (PP-DIR to (NP $ 170 *U*)) (PP-TMP in (NP the last half hour))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ Mr. Bates) .)) (TOP (S (PP With (NP (NP 15 seconds) (PP of (NP trading)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP go)))))) , (NP-SBJ Mr. Jacobson) , (PP with (SBAR-NOM (WHNP-1 what voice) (S (NP-SBJ he) (VP had (S (NP-SBJ-3 *T*-1) (VP left (NP *-3))))))) , (VP announced (PP-CLR to (NP the trading mob)) : `` (S (NP-SBJ-4 We) (VP 're (VP going (S (NP-SBJ *-4) (VP to (VP trade (NP one price) (PP-TMP on (NP the bell))))))))) . '')) (TOP (S (NP-SBJ That) (VP meant (SBAR 0 (S (NP-SBJ no trading) (VP would (VP occur (PP-TMP in (NP the final seconds)) , (PP as (NP (NP a way) (PP of (S-NOM (NP-SBJ *) (VP making (ADJP sure (SBAR that (S (NP-SBJ-2 last-second orders) (VP are n't (VP subjected (NP *-2) (PP-CLR to (NP (NP a sudden price swing) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP upset (NP customers)))))))))))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (QP About 11,000) shares) (VP sold (PP-CLR at (NP $ 170 *U*)) (PP-TMP on (NP the bell)) , (S-ADV (NP-SBJ *-1) (VP representing (NP (QP about eight to 10) late orders))))) , (NP-SBJ the specialists) (VP estimate (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Big Board traders) (VP praised (NP the Jacobson specialists) (PP-CLR for (S-NOM (NP-SBJ *) (VP getting (PP-CLR through (NP yesterday)) (PP without (NP a trading halt)))))) .)) (TOP (S (PP-LOC In (NP Chicago)) , (NP-SBJ-1 a UAL spokesman) (PRN , `` (PP by (NP (NP way) (PP of (NP policy)))) ,) '' (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP (NP (NP the company 's) stock) or (NP (NP the specialists ') performance))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Leaving (NP the exchange) (PP-TMP at (NP about 5 p.m.)))) , (NP-SBJ-1 the Jacobson specialists) (VP made (NP (NP no predictions) (PP about (SBAR (WHADVP-2 how) (S (NP-SBJ trading) (VP might (VP go (ADVP-MNR *T*-2) (NP-TMP today)))))))) .)) (TOP (SINV (VP Said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Earl Ellis) , (NP (NP a Jacobson partner) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP got (VP involved (NP *-3) (PP-CLR in (NP the UAL action)))))))) , `` (S-2 (NP-SBJ It all) (VP starts (ADVP all over) (ADVP-TMP again) '' (NP-TMP today))) .)) (TOP (S (S (NP-SBJ (NP Britain 's) current account deficit) (VP dropped (PP-DIR to (NP (NP (QP # 1.6 billion) *U*) (PRN -LRB- (NP (QP $ 2.56 billion) *U*) -RRB-))) (PP-TMP in (NP September)) (PP-DIR from (NP (NP an adjusted (QP # 2 billion) *U*) (PRN -LRB- (NP (QP $ 3.21 billion) *U*) -RRB-)) (NP-TMP the previous month)))) , but (S (NP-SBJ the improvement) (VP comes (PP-LOC amid (NP increasing concern (SBAR that (S (NP-SBJ a recession) (VP could (VP strike (NP the U.K. economy) (NP-TMP next year))))))))) .)) (TOP (S (NP-SBJ (NP The Confederation) (PP of (NP (NP British Industry 's) latest survey))) (VP shows (SBAR that (S (NP-SBJ business executives) (VP expect (NP a pronounced slowdown) , (PP-PRP (ADVP largely) because of (NP (NP a 16-month series) (PP of (NP interest-rate increases)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP raised (NP (NP banks ') base lending rates) (PP-DIR to (NP 15 %)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The outlook) (VP has (VP deteriorated (PP-TMP since (NP the summer)) , (SBAR-ADV with (S (S (NP-SBJ orders and employment) (VP falling)) and (S (NP-SBJ output) (PP-LOC-PRD at (NP a standstill)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP David Wigglesworth) , (NP (NP chairman) (PP of (NP (NP the industry group 's) economic committee)))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ (NP investment) (PP by (NP businesses))) (VP is (VP falling (ADVP-CLR off)))))) .)) (TOP (S (PP-TPC-1 Of (NP (NP 1,224 companies) (VP surveyed (NP *)))) , (NP-SBJ-2 (NP 31 %) (PP *T*-1)) (VP expect (S (NP-SBJ *-2) (VP to (VP cut (NP (NP spending) (PP on (NP plant equipment and machinery)))))) , (SBAR-ADV while (S (NP-SBJ-3 (NP (QP only 28) %) (PP *T*-1)) (VP plan (S (NP-SBJ *-3) (VP to (VP spend (NP more)))))))) .)) (TOP (S But (PP despite (NP mounting recession fears)) , (NP-SBJ government data) (VP do n't (ADVP-TMP yet) (VP show (S (NP-SBJ the economy) (VP grinding (PP-DIR to (NP a halt)))))) .)) (TOP (S (S (NP-SBJ-1 Unemployment) , (PP for (NP example)) , (VP has (VP continued (S (NP-SBJ *-1) (VP to (VP decline)))))) , and (S (NP-SBJ the September trade figures) (VP showed (NP (NP increases) (PP-LOC in (NP both imports and exports))))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ-1 (NP Prime Minister Margaret Thatcher 's) government) (VP is n't (ADVP-TMP currently) (VP expected (S (NP-SBJ *-1) (VP to (VP ease (NP interest rates) (PP-TMP before (NP (NP next spring) , (SBAR if (FRAG (ADVP-TMP then)))))))))) .)) (TOP (S (NP-SBJ (NAC Chancellor (PP of (NP the Exchequer))) Nigel Lawson) (VP views (NP the high rates) (PP-CLR as (NP (NP his chief weapon) (PP against (NP (NP inflation) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP ignited (NP *-1) (PP by (NP-LGS (NP tax cuts) and (NP loose credit policies))) (PP-TMP in (NP 1986 and 1987))))))))))) .)) (TOP (S (NP-SBJ Officials) (VP fear (SBAR that (S (NP-SBJ (NP any loosening) (NP-TMP this year)) (VP could (VP (VP rekindle (NP inflation)) or (VP (ADVP further) weaken (NP the pound) (PP against (NP other major currencies)))))))) .)) (TOP (S (S-ADV (NP-SBJ *-3) (VP Fending (ADVP-CLR off) (NP (NP attacks) (PP on (NP his economic policies))) (PP-LOC in (NP a (NAC House (PP of (NP Commons))) debate)) (NP-TMP yesterday))) , (NP-SBJ-3 Mr. Lawson) (VP (VP said (SBAR 0 (S (NP-SBJ inflation) `` (VP remains (NP-PRD (NP the greatest threat) (PP to (NP our economic well-being)))) ''))) and (VP promised (S (NP-SBJ *-3) (VP to (VP take (SBAR-NOM `` (WHNP-2 whatever steps) (S (NP-SBJ-1 *T*-2) (VP are (VP needed (NP *-1) '' (S-CLR (NP-SBJ *) (VP to (VP choke (NP it) (PRT off))))))))))))) .)) (TOP (S (NP-SBJ The latest government figures) (VP said (SBAR 0 (S (NP-SBJ retail prices) (PP-TMP in (NP September)) (VP were (ADVP-PRD up (NP 7.6 %) (PP from (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ-1 Many economists) (VP have (VP started (S (NP-SBJ *-1) (VP predicting (NP (NP a mild recession) (NP-TMP next year)))))) .)) (TOP (S (NP-SBJ (NP David Owen) , (NP (NP U.K. economist) (PP with (NP Kleinwort Benson Group))) ,) (VP (VP reduced (NP (NP his growth forecast) (PP for (NP 1990))) (PP-DIR to (NP 0.7 %)) (PP-DIR from (NP 1.2 %))) and (VP termed (S (NP-SBJ (NP the risk) (PP of (NP (NP recession) (NP-TMP next year)))) `` (ADJP-PRD quite high)))) . '')) (TOP (S But (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ the downturn) (ADVP probably) (VP wo n't (VP become (NP-PRD (NP a `` major contraction '') (ADJP similar (PP to (NP (NP those) (PP of (NP 1974 and 1982))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP Britain 's) current slump) (VP is (NP-PRD (NP a cause) (PP for (NP concern))) (ADVP-LOC here) (SBAR-TMP as (S (NP-SBJ the nation) (VP joins (PP-CLR in (NP (NP the European Community 's) plan (S (NP-SBJ *) (VP to (VP create (NP a unified market) (PP-TMP by (NP 1992))))))))))) .)) (TOP (S (PP Compared (PP with (NP (NP the major economies) (PP-LOC on (NP the Continent))))) , (NP-SBJ the U.K.) (VP faces (NP both (NP higher inflation) and (NP lower growth)) (PP-TMP in (NP the next several months))) .)) (TOP (S-1 (PP-PRP As (NP a result)) (PRN , (S (NP-SBJ Mr. Owen) (VP warned (SBAR 0 (S *T*-1)))) ,) (S (NP-SBJ-2 investment) (VP will (VP be (ADJP-PRD more likely (S (NP-SBJ *-2) (VP to (VP flow (PP-DIR toward (NP the other European economies))))))))) and `` (S (NP-SBJ the U.K.) (VP will (VP be (ADJP-PRD less prepared (PP for (NP the single market)))))) . '')) (TOP (S (NP-SBJ (NP Britain 's) latest trade figures) (VP contained (NP (NP some positive news) (PP for (NP the economy)) , (PP such as (NP (NP a surge) (PP-LOC in (NP (NP the volume) (PP of (NP (NP exports) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP were (ADJP-PRD (ADJP (NP 8.5 %) higher) (PP than (ADVP-TMP (NP a year) earlier)))))))))))))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ September exports) (VP rose (PP-DIR to (NP (QP # 8.43 billion) *U*))))) , (NP-SBJ imports) (VP shot (ADVP-DIR up) (PP-DIR to (NP (QP # 10.37 billion) *U*))) .)) (TOP (S (NP-SBJ-2 The resulting (ADJP (QP # 1.9 billion) *U*) merchandise trade deficit) (VP was (VP (ADVP-EXT partly) offset (NP *-2) (PP by (NP-LGS (NP an assumed surplus) (PP of (NP (QP # 300 million) *U*)) (PP-LOC in (NP (NP so-called invisible items) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP include (NP (NP income) (PP from (NP (NP investments) , (NP services) and (NP official transfers))))))))))))) .)) (TOP (S (PP Despite (NP (NP the narrowing) (PP of (NP the monthly trade gap)))) , (NP-SBJ economists) (VP expect (S (NP-SBJ (NP the current account deficit) (PP for (NP (NP all) (PP of (NP 1989))))) (VP to (VP swell (PP-DIR to (NP (QP about # 20 billion) *U*)) (PP-DIR from (NP (QP # 14.6 billion) *U*)) (PP-TMP in (NP 1988)))))) .)) (TOP (S (ADVP Increasingly) , (NP-SBJ economists) (VP say (SBAR 0 (S (NP-SBJ the big deficit) (VP reflects (NP (NP the slipping competitive position) (PP of (NP British industry))))))) .)) (TOP (S `` (S-TPC-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the country) (VP gets (ADJP-PRD wealthier) (ADVP-TMP *T*-1)))) , (NP-SBJ-3 we) (VP tend (S (NP-SBJ *-3) (VP to (VP buy (NP high-quality imports)))))) , '' (NP-SBJ Mr. Owen) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ (NP Vickers PLC) , (NP a British aerospace , defense and automotive conglomerate) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP reached (NP (NP an agreed cash bid) (PP of (NP (NP (QP # 108.2 million) *U*) (PRN -LRB- (NP (QP $ 173.3 million) *U*) -RRB-))) (PP for (NP (NP Ross Catherall Group PLC) , (NP (NP a maker) (PP of (NP specialty alloy and ceramics)))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP receive (NP (NP acceptances) (PP for (NP (NP its offer) (PP of (NP (NP 253 pence) (PRN -LRB- (NP $ 4.05 *U*) -RRB-) (PP per (NP share)))) (VP representing (NP (NP (NP (QP at least 67) %) (PP of (NP (NP Ross Catherall 's) issued share capital))) , or (NP (QP 12.7 million) ordinary shares))))))))))))) .)) (TOP (S (NP-SBJ Vickers) (VP said (SBAR 0 (S (NP-SBJ its offer) (ADVP also) (VP includes (NP an option (S (NP-SBJ *) (VP to (VP receive (NP a redeemable loan note) (PP in (NP (NP lieu) (PP of (NP cash)))))))))))) .)) (TOP (S (NP-SBJ-1 The notes) (VP can (VP be (VP redeemed (NP *-1) (PP-TMP starting (PP in (NP July 1991)))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 (NP its acquisition) (PP of (NP Ross Catherall))) (VP will (VP be (VP covered (NP *-1) (PP (ADVP largely) by (NP-LGS (NP cash) (VP raised (NP *) (PP-LOC in (NP (NP its July disposal) (PP of (NP Howson-Algraphy)) (PP for (NP (QP # 241.7 million) *U*))))))))))))) .)) (TOP (SBARQ (SBAR-ADV If (S (NP-SBJ bluebloods) (VP wo n't (VP pay (NP high prices) (PP-CLR for (NP racehorses)) (ADVP-TMP anymore))))) , (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP *?*))) ?)) (TOP (S (NP-SBJ Breeders) (VP are (VP betting (PP-CLR on (NP the common folk)))) .)) (TOP (S (NP-SBJ (NP The Thoroughbred Owners and Breeders Association) , (NP a (ADJP Lexington , Ky.-based) trade group) ,) (VP has (VP launched (NP `` (NP seminars) '' (PP for `` (NP potential investors) '')) (PP-LOC at (NP (NP race tracks) (PP-LOC around (NP the country)))))) .)) (TOP (S (NP-SBJ (NP The group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP held (NP (QP half a dozen) seminars) (ADVP-TMP so far))))) ,) (ADVP also) (VP is (VP considering (NP (NP promotional videos) and perhaps (NP (NP a pitch) (PP to (NP Wall Street investment bankers)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 (NP People) (PP-LOC in (NP this business))) (VP have (VP been (VP insulated (NP *-1))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Josh Pons) , (NP (NP a horse breeder) (PP from (NP-LOC (NP Bel Air) , (NP Md))))) .)) (TOP (S `` But (NP-SBJ (NP the real future) (PP of (NP this game))) (VP is (PP-LOC-PRD in (NP (NP a number) (PP of (NP (NP people) (VP owning (NP a few horses))))))) . '')) (TOP (S (PP-LOC At (NP the Laurel race track)) , (NP-SBJ the breeders) (VP are (VP romancing (NP (NP people) (PP like (NP (NP Tim Hulings) , (NP a beer packaging plant worker)))))) .)) (TOP (S (ADVP-TMP Right now) , (NP-SBJ-1 Mr. Hulings) (VP is (VP waving (NP his racing program) , (S-ADV (NP-SBJ *-1) (VP cheering (PP-CLR for (NP (NP-TTL (NP Karnak) (PP-LOC on (NP the Nile))) , (NP (NP a sleek thoroughbred) (VP galloping (PP-DIR down (NP the home stretch)))))))))) .)) (TOP (S (S (NP-SBJ Mr. Hulings) (VP gloats (SBAR that (S (NP-SBJ he) (VP sold (NP all his stocks) (SBAR-TMP (NP a week) before (S (NP-SBJ the market) (VP plummeted (NP-EXT 190 points) (PP-TMP on (NP Oct. 13)))))))))) , and (S (NP-SBJ he) (VP is (VP using (NP the money) (S-CLR (NP-SBJ-1 *) (VP to (VP help (S (NP-SBJ *-1) (VP buy (NP a 45-acre horse farm))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ *) (ADVP Just) (VP imagine (SBAR (WHADJP-2 how exciting) (S (NP-SBJ that) (VP would (VP be (ADJP-PRD *T*-2) (SBAR-ADV if (S (NP-SBJ that) (VP 's (NP-PRD your horse)))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S But (NP-SBJ experts) (VP caution (SBAR that (S (NP-SBJ this) (VP is n't (NP-PRD (NP a game) (PP for (NP (NP anyone) (PP with (NP a weak stomach or wallet))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD a big-risk business))) , '' (VP warns (S *T*-1)) (NP-SBJ (NP Charles C. Mihalek) , (NP a (NX (NX Lexington attorney) and (NX former Kentucky state securities commissioner)))) .)) (TOP (S `` (NP-SBJ-1 You) (VP have (S (NP-SBJ-2 *-1) (VP to (VP go (PP-DIR into (NP it)) (S-ADV (NP-SBJ *-2) (VP (ADVP-MNR firmly) believing (SBAR that (S (NP-SBJ it) (VP 's (NP-PRD (NP the kind) (PP of (NP investment)) (SBAR (WHADVP-3 where) (S (NP-SBJ you) (VP can (VP lose (NP everything) (ADVP-LOC *T*-3))))))))))))))) . '')) (TOP (S And (NP-SBJ many) (VP have (VP done (NP just that))) .)) (TOP (S (NP-SBJ *) (VP Consider (NP (NP Spendthrift Farm) , (NP (NP a prominent Lexington horse farm) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP went (ADJP-PRD public) (PP-TMP in (NP 1983))) but (VP hit (NP hard times)) and (VP filed (PP-CLR for (NP bankruptcy-court protection)) (NP-TMP last year)))))))) .)) (TOP (S (NP-SBJ-1 (NP A group) (PP of (NP investors))) (ADVP-TMP recently) (VP bought (NP (NP the remaining assets) (PP of (NP Spendthrift))) , (S-ADV (NP-SBJ-2 *-1) (VP hoping (S (NP-SBJ *-2) (VP to (VP rebuild (NP it))))))) .)) (TOP (S (NP-SBJ Other investors) (VP have (VP lost (NP millions) (PP-LOC in (NP (NP partnerships) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP bought (NP (NP thoroughbred racehorses) or (NP stallion breeding rights))))))))) .)) (TOP (S (NP-SBJ One big problem) (VP has (VP been (NP-PRD the thoroughbred racehorse market))) .)) (TOP (S (PP-TMP (PP From (NP 1974)) (PP to (NP 1984))) , (NP-SBJ (NP prices) (PP for (NP the best yearlings))) (PP-LOC at (NP the summer sales)) (VP rose (NP-EXT 918 %) (PP-DIR to (NP (NP an average) (PP of (NP $ 544,681 *U*))))) .)) (TOP (S (PP-TMP Since (NP then)) , (NP-SBJ prices) (VP have (VP slumped , (PP-DIR to (NP (NP an average) (PP of (NP $ 395,374 *U*)) (NP-TMP this summer))))) .)) (TOP (S But (NP-SBJ that) (VP 's (PP-PRD for (NP the best horses)) , (PP with (NP (NP most) (VP selling (PP-CLR for (NP (NP much less) -- (NP (NP (QP as little as $ 100) *U*) (PP for (NP some pedestrian thoroughbreds))))))))) .)) (TOP (S (SBAR (ADVP Even) while (S (NP-SBJ they) (VP move (PP-DIR outside (NP their traditional tony circle))))) , (NP-SBJ-1 racehorse owners) (ADVP-TMP still) (VP try (S (NP-SBJ *-1) (VP to (VP capitalize (PP-CLR on (NP (NP the elan) (PP of (NP the sport)))))))) .)) (TOP (S (NP-SBJ (NP Glossy brochures) (VP circulated (NP *) (PP-LOC at (NP racetracks)))) (VP gush (PP-CLR about (NP (NP (NP the limelight) (PP of (NP (NP the winner 's) circle))) and (NP high-society schmoozing)))) .)) (TOP (S (NP-SBJ One handout) (VP promises : `` (NP (NP Pedigrees) , (NP parties) , (NP post times) , (NP parimutuels) and (NP pageantry))) . '')) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (ADVP just) (NP-PRD (NP a matter) (PP of (S-NOM (NP-SBJ *) (VP marketing and promoting (NP ourselves))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Headley Bell) , (NP (NP a fifth-generation horse breeder) (PP from (NP Lexington)))) .)) (TOP (S (ADVP Maybe) (NP-SBJ it) (VP 's not (ADJP-PRD that simple)) .)) (TOP (S (PP For (NP starters)) , (NP-SBJ-1 racehorse buyers) (VP have (S (NP-SBJ *-1) (VP to (VP remember (NP (NP (NP the basic problem) (PP of (NP such ventures))) : (S (NP-SBJ These beasts) (VP do n't (VP come (PP with (NP warranties)))))))))) .)) (TOP (S And (PP for (NP every champion)) , (NP-SBJ there) (VP are (NP-PRD (NP plenty) (PP of (NP nags)))) .)) (TOP (S (NP-SBJ-1 (NP Katherine Voss) , (NP (NP a veteran trainer) (PP-LOC at (NP the (NP (NP Laurel) , (NP Md.) ,) track))) ,) (VP offers (NP neophytes) (NP (NP a sobering tour) (PP of (NP a horse barn))) , (S-ADV (NP-SBJ *-1) (VP noting (SBAR that (S (NP-SBJ (QP only three of about a dozen) horses) (VP have (VP won (NP sizable purses)))))))) .)) (TOP (S (NP-SBJ One brown two-year-old filly) (VP was (VP wheezing (PP-CLR from (NP a cold)) , (SBAR-ADV while (S (NP-SBJ another) (VP had (NP (NP splints) (PP-LOC on (NP its legs)))))) , (S-ADV (NP-SBJ *) (VP keeping (NP both animals) (PP-CLR from (NP the racetrack)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ You) (VP can (VP see (NP (NP the highs and lows) (PP of (NP the business))) all (PP-LOC under (NP one roof))))) , '' (NP-SBJ she) (VP tells (NP the group) (S *T*-1)) .)) (TOP (S `` (NP-SBJ There) (VP are n't (NP-PRD (ADJP too many) winners)) . '')) (TOP (S (ADVP Perhaps) (NP-SBJ (NP the biggest hurdle) (SBAR (WHNP-1 0) (S (NP-SBJ owners) (VP face (NP *T*-1))))) (VP is (S-NOM-PRD (NP-SBJ *) (VP convincing (NP newcomers) (SBAR that (S (NP-SBJ this) (VP is (NP-PRD a reputable business))))))) .)) (TOP (S (NP-SBJ Some (ADJP badly managed) partnerships) (VP have (VP burned (NP investors) , (ADVP-TMP sometimes) (SBAR-TMP after (S (NP-SBJ they) (VP received (NP advice) (PP-CLR from (NP industry `` consultants))))))) . '')) (TOP (S So (NP-SBJ-1 owners) (VP have (VP developed (NP (NP a `` code) (PP of (NP ethics))) , '' (S-ADV (NP-SBJ *-1) (VP outlining (NP (NP rules) (PP for (NP (NP consultants) and (NP agents) , and (NP (NP disclosure) (PP of (NP fees))) and (NP (NP any conflicts) (PP of (NP interest)))))))))) .)) (TOP (S But (NP-SBJ some) (VP are (ADJP-PRD skeptical (PP of (NP (NP the code 's) effectiveness)))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-1 The industry) (VP is (VP based (NP *-1) (PP-CLR on (NP individual honesty))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Cap Hershey) , (NP (NP a Lexington horse farmer) and (NP (NP one) (PP of (NP (NP the investors) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP bought (NP Spendthrift))))))))) .)) (TOP (S (PP Despite (NP (NP the drop) (PP-LOC in (NP (NP prices) (PP for (NP thoroughbreds)))))) , (S-NOM-SBJ (NP-SBJ *) (VP owning (NP one))) (ADVP-TMP still) (VP is n't (ADJP-PRD cheap)) .)) (TOP (S (PP At (NP the low end)) , (NP-SBJ-1 investors) (VP can (VP spend (NP $ 15,000 *U* (QP or more)) (S-CLR (NP-SBJ *-1) (VP to (VP own (NP a racehorse) (PP in (NP (NP partnership) (PP with (NP others))))))))) .)) (TOP (S (PP-LOC At (NP a yearling sale)) , (NP-SBJ a buyer) (VP can (VP (VP go (ADVP-CLR solo)) and (VP get (NP a horse) (PP-CLR for (NP (QP a few thousand) dollars))))) .)) (TOP (S (S But (NP-SBJ that) (VP means (S (NP-SBJ *) (VP paying (NP (NP the horse 's) maintenance))))) ; (S (PP on (NP average)) , (NP-SBJ (NP it) (S *EXP*-1)) (VP costs (NP (NP $ 25,000 *U*) (NP-ADV a year)) (S-1 (NP-SBJ *) (VP to (VP raise (NP a horse)))))) .)) (TOP (S (PP For (NP (NP those) (VP looking (PP-CLR for (NP (NP something) (PP between (NP (NP a minority stake) and (NP total ownership)))))))) , (NP-SBJ (NP the owners ') group) (VP is (VP considering (NP (NP a special sale) (SBAR (WHADVP-1 where) (S (NP-SBJ established horse breeders) (VP would (VP sell (NP (NP a (ADJP 50 %) stake) (PP in (NP horses))) (PP-CLR to (NP newcomers)) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (NP-SBJ BUELL INDUSTRIES Inc.) (VP halved (NP its quarterly dividend) (PP-CLR to (NP (NP (NP five cents) (NP-ADV a share)) , (ADJP payable (NP-TMP Nov. 17) (PP to (NP (NP stock) (PP of (NP record)) (NP-TMP Nov. 3))))))) .)) (TOP (S (NP-SBJ (NP The company 's) quarterly dividend) (VP had (VP been (NP-PRD (NP 10 cents) (NP-ADV a share)) (PP-TMP since (NP April 30 , 1988)))) .)) (TOP (S (NP-SBJ Buell) (ADVP-TMP recently) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP incur (NP (NP an aftertax charge) (PP of (NP (QP about $ 3.6 million) *U*))) (PP-TMP in (NP (NP its fourth quarter) (VP ending (NP-TMP Tuesday)))) , (PP in (NP (NP connection) (PP with (NP (NP the sale and discontinuance) (PP of (NP (NP several lines) (PP-LOC at (NP a plant))))))))))))) .)) (TOP (S (NP-SBJ (NP The (NP (NP Waterbury) , (NP Conn.) ,) maker) (PP of (NP (NP industrial fasteners) and (NP metal stampings)))) (VP has (NP (NP (QP 2.3 million) shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ (NP Dunkin ' Donuts Inc.) , (VP battling (NP (NP a takeover proposal) (PP by (NP (NP Canada 's) DD Acquisition Corp.)))) ,) (VP said (SBAR that (S (NP-SBJ its directors) (VP will (VP evaluate (NP (NP takeover offers) (VP submitted (NP *) (PP-TMP by (NP Nov. 10))))))))) .)) (TOP (S (NP-SBJ (NP Dunkin ' Donuts) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Randolph) , (NP Mass.)))) ,) (ADVP-TMP previously) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP would (VP explore (NP `` (NP alternatives) , '' (PP including (NP (NP a leveraged buy-out) (PP of (NP the company))))))) , but (VP had n't (VP set (NP (NP a date) (PP for (NP (NP submission) (PP of (NP proposals))))))))))) .)) (TOP (S (S (NP-SBJ Dunkin ' Donuts Chairman and Chief Executive Robert M. Rosenberg) (VP said (SBAR 0 `` (S (NP-SBJ a sale) (VP is (NP-PRD (NP one alternative) (VP being (VP considered (NP *))))))))) , '' but (S (NP-SBJ he) (VP added (SBAR 0 (S (NP-SBJ the board) (VP has n't (VP decided (SBAR whether (S (NP-SBJ *) (VP to (VP sell (NP the doughnut franchiser))))))))))) .)) (TOP (S (NP-SBJ (NP DD Acquisition) , (VP (ADVP-MNR jointly) owned (NP *) (PP by (NP-LGS (NP (NP Unicorp Canada Corp. 's) Kingsbridge Capital Group unit) and (NP Cara Operations Ltd.)))) ,) (VP has (VP made (NP (NP a (ADJP $ 45-a-share *U*) tender offer) (VP valued (NP *) (PP-CLR at (NP (QP $ 268 million) *U*))) (PP for (NP Dunkin ' Donuts))))) .)) (TOP (S (NP-SBJ (NP Dunkin ' Donuts ') announcement) (VP followed (NP (NP (NP DD Acquisition 's) request (S *ICH*-1)) (PP to (NP (NP the Delaware Court) (PP of (NP Chancery))))) (NP-TMP Monday) (S-1 (NP-SBJ *) (VP to (VP set (NP a trial date) (PP for (NP (NP its suit) (PP against (NP the company)))))))) .)) (TOP (S (NP-SBJ-1 The trial) (VP had (VP been (VP postponed (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP allow (S (NP-SBJ Dunkin ' Donuts) (VP to (VP seek (NP (NP alternatives) (PP to (NP (NP DD Acquisition 's) offer)))))))))))) .)) (TOP (S (NP-SBJ-1 Combustion Engineering Inc.) (VP said (NP (NP third-quarter net income) (PP of (NP (QP $ 22.8 million) *U*))) , (S-ADV (NP-SBJ *-1) (VP reversing (NP a (ADJP (QP $ 91.7 million) *U*) year-earlier loss)))) .)) (TOP (S (NP-SBJ The (NP (NP Stamford) , (NP Conn.) ,) power-generation products and services company) (VP said (SBAR 0 (S (NP-SBJ per-share earnings) (VP were (NP-PRD (NP 56 cents) (PP compared (PP with (NP (NP the year-ago loss) (PP of (NP $ 2.39 *U*)))))))))) .)) (TOP (S (NP-SBJ Sales) (VP fell (NP-EXT 1.5 %) (PP-DIR to (NP (QP $ 884 million) *U*)) (PP-DIR from (NP (QP $ 897.2 million) *U*))) .)) (TOP (S (NP-SBJ-1 (NP Strong profit) (PP-LOC in (NP (NP the process industries) , (PP including (NP chemical and pulp and paper)) ,))) (VP were (VP offset (NP *-1) (PP (PP by (NP-LGS higher interest expense)) and (PP by (NP-LGS lower earnings))) (SBAR-ADV as (S (NP-SBJ the company) (VP closed (PRT out) (NP certain long-term contracts)))))) .)) (TOP (S (S (NP-SBJ Combustion) (VP reported (NP (NP improved profits) (PP-LOC in (NP its automation and control products businesses))))) , and (S (NP-SBJ it) (VP narrowed (NP (NP its losses) (PP-LOC in (NP its (NX (NX public sector) and (NX environmental segment))))))) .)) (TOP (S (S (NP-SBJ Power generation) (VP had (NP (NP higher sales) but (NP lower earnings)))) ; (S (NP-SBJ the company) (VP cited (NP (NP factors) (PP including (NP (NP work) (PP on (NP (NP certain low profit-margin contracts) (PP from (NP previous years))))))))) .)) (TOP (S (NP-SBJ Net) (PP-TMP in (NP the latest quarter)) (VP included (NP (NP a pretax gain) (PP of (NP (QP $ 22.4 million) *U*)) (PP from (NP (NP the sale) (PP of (NP (NP (NP Combustion 's) minority interest) (PP in (NP Stein Industrie)))) (PP to (NP (NP GEC Alsthom N.V.) (PP of (NP the Netherlands)))))))) .)) (TOP (S (NP-SBJ (NP Last year 's) results) (VP reflected (NP (NP (NP a gain) (PP of (NP (QP $ 28.2 million) *U*)) (PP on (NP (NP disposition) (PP of (NP assets))))) and (NP (NP a (ADJP (QP $ 165 million) *U*) pretax provision mainly) (PP from (NP (NP costs) (PP of (S-NOM (NP-SBJ *) (VP completing (NP certain (UCP waste-to-energy and other) power plants))))))))) .)) (TOP (S (NP-SBJ-1 (NP Claude Bebear) , (NP (NP (NP chairman) and (NP chief executive officer)) , (PP of (NP Axa-Midi Assurances))) ,) (VP pledged (S (NP-SBJ *-1) (VP to (VP retain (NP (NP employees and management) (PP of (NP Farmers Group Inc.)) , (PP including (NP (NP Leo E. Denlea Jr.) , (NP (NP chairman) and (NP chief executive officer))))) , (SBAR-ADV if (S (NP-SBJ-2 Axa) (VP succeeds (PP in (S-NOM (NP-SBJ *-2) (VP acquiring (NP Farmers))))))))))) .)) (TOP (S (NP-SBJ Mr. Bebear) (VP added (SBAR that (S (NP-SBJ the French insurer) (VP (VP would (VP keep (NP (NP Farmers ') headquarters) (PP-LOC-CLR in (NP Los Angeles)))) and `` (VP will not (VP send (NP (NP French people) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP run (NP the company)))))))))))) . '')) (TOP (S (NP-SBJ Axa) (VP would (ADVP also) (VP maintain (NP (NP (NP Farmers ') relationships) (PP with (NP (NP the insurance exchanges) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP manages (NP *T*-1))))))))) .)) (TOP (S (NP-SBJ Mr. Bebear) (VP made (NP his remarks) (PP-LOC at (NP (NP a breakfast meeting) (PP with (NP reporters)))) (ADVP-LOC here) (NP-TMP yesterday) (PP as (NP (NP part) (PP of (NP (NP a tour) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 he) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP rally (NP (NP support) (PP-LOC in (NP the U.S.)) (PP for (NP the proposed acquisition)))))) (PP-LOC *T*-2)))))))))) .)) (TOP (S (NP-SBJ The bid) (VP is (NP-PRD (NP part) (PP of (NP (NP (NP Sir James Goldsmith 's) unfriendly takeover attempt) (PP for (NP (NP B.A.T Industries PLC) , (NP the British tobacco , retailing , paper and financial-services giant) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP acquired (NP Farmers) (NP-TMP last year) (PP-CLR for (NP (QP $ 5.2 billion) *U*))))))))))) .)) (TOP (S (NP-SBJ-1 Axa) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP Farmers) (PP-CLR from (NP (NP (NP Sir James 's) investment vehicle) , (NP Hoylake Investments Ltd.) ,)) (PP-CLR for (NP (NP (QP $ 4.5 billion) *U*) plus (NP (NP a (ADJP (QP $ 1 billion) *U*) investment) (PP in (NP Hoylake)))))))))) .)) (TOP (S (S (NP-SBJ (NP Any acquisition) (PP of (NP Farmers))) (VP needs (NP (NP the approval) (PP of (NP (NP insurance commissioners) (PP-LOC in (NP (NP the nine states) (SBAR (WHADVP-1 where) (S (NP-SBJ Farmers) (VP operates (ADVP-LOC *T*-1))))))))))) , and (S (NP-SBJ (NP Mr. Bebear 's) trip) (VP will (VP take (NP him) (PP-DIR to (NP (NP Idaho) , (NP Arizona) and (NP New York))) (PP-TMP after (NP (NP his stay) (ADVP-LOC here)))))) ; (S (NP-SBJ he) (VP will (VP meet (PP-CLR with (NP (NP insurance regulators) , (NP legislators) , (NP industry excutives) and (NP the press)))))) .)) (TOP (S (NP-SBJ-1 (NP Hearings) (PP on (NP (NP Axa 's) acquisition application))) (VP have (VP been (VP set (NP *-1) (PP-CLR for (NP (NP (NP Nov. 13) (PP-LOC in (NP Idaho))) ; (NP (NP Nov. 20) (PP-LOC in (NP Illinois))) ; (NP (NP (NP Nov. 24) and (NP Dec. 4)) (PP-LOC in (NP Arizona))) ; (NP (NP Dec. 11) (PP-LOC in (NP Washington state))) ; and (NP (NP Jan. 8) (PP-LOC in (NP Oregon)))))))) .)) (TOP (S (NP-SBJ-1 Hearings) (VP have n't (ADVP-TMP yet) (VP been (VP set (NP *-1) (PP-LOC in (NP Texas , Ohio and Kansas))))) .)) (TOP (S (NP-SBJ (NP California 's) insurance commissioner) (VP does n't (VP hold (NP (NP hearings) (PP on (NP acquisition applications))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-3 Axa) (VP (VP has (VP been (VP rebuffed (NP *-3) (PP by (NP-LGS Farmers))))) and (VP has n't (VP had (NP (NP any meetings) (PP with (NP management)))))))) , (NP-SBJ-1 Mr. Bebear) (ADVP nonetheless) (VP appears (S (NP-SBJ-2 *-1) (VP to (VP be (VP trying (S (NP-SBJ *-2) (VP to (VP woo (NP (NP the company 's) executives) (PP with (NP (NP promises) (PP of (NP (NP (NP autonomy) and (NP new-found authority)) (PP-LOC under (NP Axa)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 Mr. Denlea) (VP (VP would (VP be (NP-PRD (NP a member) (PP of (NP (NP the top management team) (PP of (NP (NP the Axa-Midi group) (PP of (NP companies))))))))) , and (VP would `` (VP help (S (NP-SBJ *-1) (VP define (NP (NP policies and strategies) (PP of (NP the group))))))))))) . '')) (TOP (S (NP-SBJ-3 Farmers) (VP was (ADJP-PRD quick (S *ICH*-2)) (NP-TMP yesterday) (S-2 (NP-SBJ *-3) (VP to (VP point (PRT out) (NP (NP the many negative aspects) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP sees (NP *T*-1) (PP in (S-NOM (NP-SBJ *) (VP having (NP Axa) (PP-CLR as (NP its parent))))))))))))) .)) (TOP (S (PP For (NP one)) , (NP-SBJ-2 Axa) (VP plans (S (NP-SBJ *-2) (VP to (VP do (ADVP-CLR away) (PP-CLR with (NP (NP certain tax credits) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP resulted (PP-CLR in (NP (NP (QP more than $ 600 million) *U*) (VP paid (NP *) (PP-CLR to (NP the Farmers exchanges)) (PP-TMP during (NP the past few years)) (S-PRP (NP-SBJ *) (VP to (VP offset (NP underwriting losses))))))))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 Those credits) (VP (VP result (PP-PRP because of (NP (NP taxes) (SBAR (WHNP-2 that) (S (NP-SBJ Farmers) , (PP as (NP the management company)) , (VP has (VP paid (NP *T*-2)))))))) , and (VP have `` (VP proved (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD very important) (PP for (NP the exchanges))))))))) , '' (NP-SBJ a Farmers spokesman) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Mr. Bebear) (VP contended (SBAR that (S (NP-SBJ (NP the tax cost) (PP to (NP the exchanges)) (PP-LOC under (NP the revised structure))) (VP would (VP be (NP-PRD (NP (NP (QP about $ 8 million) *U*) (NP-ADV a year)) , (SBAR (WHNP-1 which) (S (NP-SBJ he) (VP described (NP *T*-1) (PP-CLR as `` (NP peanuts))))))))))) .)) (TOP (S (NP-SBJ (NP Honeywell Inc.) , (NP-LOC Minneapolis) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP its (ADJP previously announced) sale) (PP of (NP (NP 16 %) (PP of (NP (NP the shares) (ADJP outstanding) (PP-LOC in (NP (NP its Japanese joint venture) , (NP Yamatake-Honeywell) ,)))))) (PP for (NP (QP $ 280 million) *U*))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The stake) (VP was (VP acquired (NP *-1) (PP by (NP-LGS (NP (NP a group) (PP of (NP 10 Japanese (NX (NX financial institutions) and (NX industrial corporations))))) , primarily (NP insurance companies)))))) , (NP-SBJ Honeywell) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 Proceeds) (VP will (VP be (VP used (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP repurchase (NP (NP (QP as many as 10 million) shares) (PP of (NP Honeywell stock)))))) , (SBAR-ADV as (S (NP-SBJ-2 *) (ADVP-TMP previously) (VP announced (NP *-2))))))) .)) (TOP (S (NP-SBJ Honeywell) (VP said (SBAR 0 (S (NP-SBJ-1 (NP a second sale) (PP of (NP Yamatake-Honeywell))) (VP is (ADVP-TMP still) (VP being (VP negotiated (NP *-1))))))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP now) (VP holds (NP (NP a 34 % stake) (PP-LOC in (NP the venture)))))) ,) (VP has (VP indicated (SBAR that (S (NP-SBJ-2 it) (VP intends (S (NP-SBJ *-2) (VP to (VP retain (NP (ADVP at least) a (ADJP 20 %) stake) (NP-TMP long term))))))))) .)) (TOP (S (NP-SBJ A (ADJP 20 %) stake) (VP would (VP allow (S (NP-SBJ Honeywell) (VP to (VP include (NP Yamatake earnings) (PP-LOC-CLR in (NP its results))))))) .)) (TOP (S (NP-SBJ A company spokesman) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the gain) (PP on (NP the sale))) (VP could n't (VP be (VP estimated (NP *-1) (SBAR-TMP until (S (NP-SBJ-2 the `` tax treatment) (VP has (VP been (VP determined (NP *-2)))))))))))) .)) (TOP (S (NP-SBJ OPPENHEIMER CAPITAL LIMITED PARTNERSHIP) (VP increased (NP the quarterly distribution) (PP-DIR to (NP (NP 40 cents) (NP-ADV a limited partnership unit))) (PP-DIR from (NP 36.25 cents))) .)) (TOP (S (NP-SBJ The distribution) (VP represents (NP (NP available cash flow) (PP from (NP the partnership)) (PP-TMP between (NP (NP Aug. 1) and (NP Oct. 31))))) .)) (TOP (S (NP-SBJ It) (VP is (ADJP-PRD payable (NP-TMP Nov. 30) (PP to (NP (NP units) (PP of (NP record)) (NP-TMP Oct. 31))))) .)) (TOP (S (NP-SBJ-1 The money manager) (VP is (VP controlled (NP *-1) (NP-EXT 67.7 %) (PP by (NP-LGS (NP its top officers) and (NP (NP top officers) (PP of (NP (NP Oppenheimer & Co.) , (NP a securities firm)))))))) .)) (TOP (S (NP-SBJ Both firms) (VP are (PP-LOC-PRD in (NP New York))) .)) (TOP (S (NP-SBJ Oppenheimer Capital) (VP has (NP (NP (QP about 7.9 million) limited partnership units) (ADJP outstanding))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ the units) (VP closed (PP-CLR at (NP $ 15.125 *U*)) , (ADVP-CLR up (NP 12.5 cents))) .)) (TOP (S (NP-SBJ (NP Bank) (PP of (NP Montreal))) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP added (NP (NP (QP 850 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 725.8 million) *U*) -RRB-)) (PP-CLR to (NP its reserves)) (PP against (NP (NP losses) (PP on (NP Third World loans)))) , (S-ADV (NP-SBJ *-2) (VP bringing (NP (NP the total) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP has (VP set (NP *T*-1) (ADVP-CLR aside) (NP-TMP this year)))))) (PP-DIR to (NP (QP C$ 1 billion) *U*)))))))) .)) (TOP (S (NP-SBJ The bank) (VP (VP said (SBAR 0 (S (NP-SBJ (NP the (QP C$ 1 billion) *U*) (PP in (NP reserves))) (VP will (VP result (PP-CLR in (NP (NP a charge) (PP of (NP (QP C$ 595 million) *U*)) (PP against (NP earnings))))))))) but (VP said (SBAR 0 (S (NP-SBJ-1 it) (ADVP-TMP still) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP a profit) (PP for (NP (NP the year) (VP ending (NP-TMP Tuesday))))))))))))) .)) (TOP (S (NP-SBJ The bank) (VP reported (NP (NP net income) (PP of (NP (QP C$ 389 million) *U*)) (PP for (NP (NP the nine months) (VP ended (NP-TMP July 31)))))) .)) (TOP (S (NP-SBJ The bank) (VP said (SBAR 0 (S (NP-SBJ (NP the increase) (PP-LOC in (NP loan-loss provisions))) (VP wo n't (VP affect (NP (NP the payment) (PP of (NP dividends)))))))) .)) (TOP (S (NP-SBJ The bank) (VP said (SBAR 0 (S (NP-SBJ reserves) (ADVP-TMP now) (VP amount (PP-CLR to (NP (NP 61 %) (PP of (NP its total less-developed-country exposure)))))))) .)) (TOP (S (PP Excluding (NP Mexico)) , (NP-SBJ reserves) (VP equal (NP (NP 95 %) (PP of (NP LDC exposure)))) .)) (TOP (S (PP-LOC In (NP Toronto Stock Exchange trading)) , (NP-SBJ (NP Bank) (PP of (NP Montreal))) (VP closed (PP-CLR at (NP C$ 33.25 *U*)) , (PP-CLR up (NP 87.5 Canadian cents))) .)) (TOP (S (NP-SBJ Knight-Ridder Inc.) (VP said (SBAR 0 (S (NP-SBJ third-quarter earnings) (VP jumped (NP-EXT 18 %) , (PP-PRP (ADVP partly) because of (NP (NP the sale) (PP of (NP (NP two) (PP of (NP its media properties)))))))))) .)) (TOP (S (NP-SBJ The media concern) (VP said (SBAR 0 (S (NP-SBJ net income) (VP rose (PP-DIR to (NP (NP (QP $ 37.8 million) *U*) , or (NP (NP 72 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 32 million) *U*) , or (NP (NP 57 cents) (NP-ADV a share)))) , (PP-TMP in (NP the year-earlier period)))))) .)) (TOP (S (NP-SBJ The latest results) (VP include (NP (NP a gain) (PP of (NP (NP (QP $ 4.2 million) *U*) , or (NP (NP eight cents) (NP-ADV a share)))) , (PP on (NP (NP the sale) (PP of (NP (NP television stations) (PP-LOC in (NP (NP Oklahoma City) and (NP (NP Flint) , (NP Mich)))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP increased (NP-EXT 7.5 %) (PP-DIR to (NP (QP $ 540.9 million) *U*)) (PP-DIR from (NP (QP $ 503.1 million) *U*))) .)) (TOP (S (NP-SBJ (NP Robert F. Singleton) , (NP (NP Knight-Ridder 's) chief financial officer) ,) (VP said (SBAR 0 (S (NP-SBJ the company) (VP was (ADJP-PRD `` pleased '' (PP with (NP its overall performance))) , (PP despite (NP (NP only single-digit growth) (PP-LOC in (NP newspaper revenue)))))))) .)) (TOP (S (NP-SBJ (NP That division 's) revenue) (VP rose (NP-EXT 2.3 %) (PP-DIR to (NP (QP $ 472.5 million) *U*)) (PP-DIR from (NP (QP $ 461.9 million) *U*)) (PP-TMP in (NP the year-ago period))) .)) (TOP (S (NP-SBJ (NP Gains) (PP-LOC in (NP advertising revenue))) , (ADVP however) , (VP resulted (PP-CLR in (NP (NP operating profit) (PP of (NP (NP (QP $ 78.4 million) *U*) -- (ADVP up (NP 20 %) (PP from (NP (QP $ 65.6 million) *U*)))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Knight Ridder) (VP closed (PP-CLR at (NP (NP $ 51.50 *U*) (NP-ADV a share))) , (ADVP-CLR down (NP 12.5 cents))) .)) (TOP (S (NP-SBJ (NP ALBERTA ENERGY Co.) , (NP-LOC Calgary) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP filed (NP (NP a preliminary prospectus) (PP for (NP (NP an offering) (PP of (NP common shares))))))))) .)) (TOP (S (NP-SBJ The natural resources development concern) (VP said (SBAR 0 (S (NP-SBJ-2 proceeds) (VP will (VP be (VP used (NP *-2) (S-CLR (NP-SBJ *) (VP to (VP repay (NP (NP long-term debt) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP stood (PP-CLR at (NP (NP (QP 598 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 510.6 million) *U*) -RRB-))) (PP-TMP at (NP (NP the end) (PP of (NP 1988))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP plans (S (NP-SBJ *-1) (VP to (VP raise (NP (QP between C$ 75 million and C$ 100 million) *U*) (PP from (NP the offering))))) , (PP according (PP to (NP (NP a spokeswoman) (PP-LOC at (NP (NP (NP Richardson Greenshields) (PP of (NP Canada Ltd.))) , (NP lead underwriter))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The shares) (VP will (VP be (VP priced (NP *-1) (PP-TMP in (NP early November)))))) , (NP-SBJ she) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ General Electric Co. executives and lawyers) (VP provided (NP `` (ADJP misleading and false) '' information) (PP-CLR to (NP the Pentagon)) (PP-TMP in (NP 1985)) (PP in (NP an effort (S (NP-SBJ *) (VP to (VP cover (ADVP-CLR up) `` (NP longstanding fraudulent '' billing practices)))))))) , (NP-SBJ federal prosecutors) (VP alleged (SBAR 0 (S *T*-1)) (PP-LOC in (NP legal briefs))) .)) (TOP (S (NP-SBJ (NP (NP The government 's) startling allegations) , (VP filed (NP *) (PP-TMP (NP only days) before (NP (NP the scheduled start) (PP of (NP (NP a criminal overcharge trial) (PP against (NP GE)) (PP-LOC in (NP Philadelphia federal district court))))))) ,) (VP challenge (NP (NP the motives and veracity) (PP of (NP (NP the nation 's) third-largest defense contractor)))) .)) (TOP (S (PP-LOC In (NP (NP a (ADJP strongly worded) response) (VP summarizing (NP (NP a filing) (VP made (NP *) (PP-LOC in (NP the same court)) (NP-TMP yesterday)))))) , (NP-SBJ GE) (VP asserted (SBAR that `` (S (NP-SBJ prosecutors) (VP have (VP (VP misstated (NP (NP the testimony) (PP of (NP witnesses)))) , (VP distorted (NP documents)) and (VP ignored (NP important facts))))))) . '')) (TOP (S (NP-SBJ The company) (VP (VP attacked (NP (NP the government 's) allegations) (PP-CLR as `` (NP (ADJP reckless and baseless) mudslinging))) , '' and (VP said (SBAR 0 (S (NP-SBJ its management) `` (VP (ADVP-MNR promptly and accurately) reported '' (PP-CLR to (NP the Pentagon)) (NP (NP all relevant information) (PP about (NP billing practices)))))))) .)) (TOP (S (NP-SBJ The case) (VP strikes (PP-CLR at (NP (NP the corporate image) (PP of (NP (NP GE) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP provides (NP the military) (PP-CLR with (NP (NP everything) (PP (PP from (NP (NP jet engines) and (NP electronic warfare equipment))) (PP to (NP (NP (ADJP highly classified) design work) (PP on (NP the Strategic Defense Initiative))))))))))))))) , and (VP could (VP cause (NP (NP a loss) (PP of (NP future defense contracts))) (SBAR-ADV if (S (NP-SBJ Pentagon and Justice Department officials) (VP take (NP a tough stance)))))) .)) (TOP (S (NP-SBJ-1 The company) (VP has (VP been (VP considered (S (NP-SBJ *-1) (NP-PRD (NP an industry leader) (PP in (S-NOM (NP-SBJ *) (VP advocating (NP (NP cooperation) and (NP (NP voluntary disclosures) (PP of (NP (ADJP improper or inflated) billing practices)))))))))))) .)) (TOP (S But (NP-SBJ the government) (ADVP-TMP now) (VP claims (SBAR that (S (NP-SBJ (NP a group) (PP of (NP company managers and lawyers))) (VP engaged (PP-CLR in (NP an elaborate strategy (S *ICH*-1))) (PP-TMP over (NP five years)) (S-1 (NP-SBJ *) (VP to (VP obscure (PP-CLR from (NP federal authorities)) (NP (NP the extent and details) (PP of (NP `` widespread '' fraudulent billing practices)))))))))) .)) (TOP (S (NP-SBJ-1 The problems) (VP were (VP uncovered (NP *-1) (PP-TMP during (NP (NP a series) (PP of (NP (NP internal investigations) (PP of (NP (NP (NP the company 's) Space Systems division) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP has (VP been (NP-PRD (NP the focus) (PP of (NP (NP two separate overcharge prosecutions) (PP by (NP the government))))) (PP-TMP since (NP 1985)))))))))))))) .)) (TOP (S (NP-SBJ The dispute) (VP stems (PP-DIR from (NP (NP pretrial maneuvering) (PP-LOC in (NP (NP the pending court case) , (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ prosecutors) (VP have (VP been (VP demanding (NP (NP access) (PP to (NP (NP a host) (PP of (NP internal company memos , reports and documents))))) (PP-LOC *T*-1))))))))))) .)) (TOP (S (NP-TMP Last November) , (NP-SBJ a federal grand jury) (VP indicted (NP GE) (PP on (NP (NP charges) (PP of (NP (NP (NP fraud) and (NP false claims)) (PP in (NP (NP connection) (PP with (NP an alleged scheme (S (NP-SBJ *) (VP to (VP defraud (NP the Army) (PP-CLR of (NP (QP $ 21 million) *U*)) (PP on (NP a logistics computer contract)))))))))))))) .)) (TOP (S (NP-SBJ The company) , (PP for (NP its part)) , (VP maintains (SBAR that (S (NP-SBJ (NP many) (PP of (NP the disputed documents))) (VP are (NP-PRD (NP privileged attorney-client communications) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP should n't (VP be (VP turned (NP *-2) (ADVP-CLR over) (PP-DIR to (NP prosecutors)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP A hearing) (PP *ICH*-2)) (VP is (VP scheduled (NP *-1) (PP-2 on (NP the issue)) (NP-TMP today))) .)) (TOP (S (NP-SBJ (NP The government 's) 136-page filing) (VP covers (NP (NP events) (VP leading (ADVP-CLR up (PP-DIR to (NP (NP the current case) and (NP (NP an earlier indictment) (PP-TMP in (NP (NP March 1985) ,))))))))) (SBAR (WHADVP when) (S (NP-SBJ-1 GE) (VP was (VP accused (NP-2 *-1) (PP-CLR of (S-NOM (NP-SBJ-3 *-2) (VP defrauding (NP the Pentagon) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP (ADVP-MNR illegally) claiming (NP cost overruns) (PP on (NP Minuteman missile contracts)))))))))))) .)) (TOP (S (NP-SBJ-3 GE) (VP (VP pleaded (S-ADV (NP-SBJ *-3) (ADJP-PRD guilty))) and (VP paid (NP (NP a fine) (PP of (NP (QP more than $ 1 million) *U*)))) (PP-LOC in (NP (NP the Minuteman case) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP involved (NP (NP some) (PP of (NP (NP the same individuals and operations) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP are (PP-LOC-PRD at (NP (NP the center) (PP of (NP (NP the dispute) (PP-LOC in (NP the Philadelphia court)))))))))))))))))) .)) (TOP (S (SBAR-PRP In order (S (NP-SBJ *-1) (VP to (VP show (SBAR that (S (NP-SBJ (NP all) (PP of (NP its units))) (VP (VP had (VP corrected (NP billing problems))) and (ADVP therefore) (VP should (VP become (NP-PRD (NP eligible) (PP *ICH*-2)) (ADVP-TMP again) (PP-2 for (NP new contracts))))))))))) , (NP-SBJ-1 prosecutors) (VP contend (SBAR that (S (NP-SBJ `` (NP high-level GE executives) '' and (NP company lawyers)) (VP provided `` (NP misleading statements) '' (PP-CLR to (NP (NP then-Air Force Secretary Verne Orr) and (NP other Pentagon officials))) (PP-TMP during (NP (NP a series) (PP of (NP meetings)) (PP-TMP in (NP 1985)))))))) .)) (TOP (S (ADVP Overall) , (NP-SBJ the government) (VP contends (SBAR that (S (NP-SBJ-1 (NP GE 's) disclosure efforts) (ADVP largely) (VP were (VP intended (S (NP-SBJ-2 *-1) (VP to (VP `` curry (NP-CLR favor) '' (PP-CLR with (NP Pentagon officials)) (PP without (S-NOM (NP-SBJ *-2) (VP detailing (NP (NP the extent) (PP of (NP (NP the (NX (NX management lapses) and (NX (ADJP allegedly pervasive) billing irregularities))) (VP uncovered (NP *) (PP by (NP-LGS company investigations))))))))))))))))) .)) (TOP (S (NP-SBJ Prosecutors) (VP depict (NP (NP a company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP allegedly) (VP sat (PP-CLR on (NP (NP damaging evidence) (PP of (NP (NP overcharges) (PP-TMP (PP from (NP 1983)) (PP to (NP 1985))))))) , (PP despite (NP (NP warnings) (PP from (NP an internal auditor))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ GE) (ADVP-TMP finally) (VP disclosed (NP the problems) (ADVP-TMP *T*-1)))) , (NP-SBJ prosecutors) (VP contend (SBAR that (S (NP-SBJ-2 Mr. Orr) `` (VP was (VP (ADVP-MNR erroneously) informed (NP *-2) (SBAR that (S (NP-SBJ-3 the (PRN -LCB- suspected -RCB-) practices) (VP had (ADVP-TMP only just) (VP been (VP discovered '' (NP *-3) (PP by (NP-LGS GE management)))))))))))) .)) (TOP (S (PP-LOC In (NP its brief)) , (NP-SBJ the government) (VP asserted (SBAR that (S (NP-SBJ-1 it) (VP needs (NP the internal GE documents) (S-PRP (NP-SBJ *-1) (VP to (VP rebut (NP (NP anticipated efforts (S *ICH*-2)) (PP by (NP GE)) (PP-TMP during (NP the trial)) (S-2 (NP-SBJ *) (VP to (VP demonstrate `` (NP its good corporate character)))))))))))) . '')) (TOP (S (NP-SBJ (NP GE) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD surprised (PP by (NP (NP the last-minute subpoena) (PP for (NP (NP (QP more than 100) (NX (NX boxes) and (NX file cabinets))) (PP of (NP documents)))))))))) ,) (VP countered (SBAR (SBAR that (S (NP-SBJ senior GE managers) (VP did n't (VP find (PRT out) (PP-CLR about (NP questionable billing practices)) (PP-TMP until (NP 1985)))))) , and (SBAR that (S (NP-SBJ the information) (VP was (VP passed (ADVP-CLR on) (ADVP-MNR quickly) (PP-DIR to (NP Mr. Orr)) (PP-LOC at (NP (NP his first meeting) (PP with (NP company representatives)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Subsequent meetings) , (VP initiated (NP *) (SBAR-TMP after (S (NP-SBJ-2 (NP the company) and (NP (NP two) (PP of (NP its units)))) (VP were (ADVP-TMP briefly) (VP suspended (NP *-2) (PP-CLR from (NP federal contracts))))))) ,) (VP were (VP held (NP *-1) (S-PRP (NP-SBJ *) (VP (VP to (VP familiarize (NP Mr. Orr) (PP-CLR with (NP (NP the company 's) self-policing procedures)))) and (VP to (VP disclose (NP additional information))))) , (PP according (PP to (NP GE))))) .)) (TOP (S (NP-SBJ (NP GE 's) filing) (VP contends (SBAR that (S (NP-SBJ (NP the billing practices) (PP-LOC at (NP (NP the heart) (PP of (NP the current controversy))))) (VP involved (NP (NP technical disputes) (PP rather than (NP criminal activity))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The company 's) conduct) `` (VP does not (ADVP even) (VP raise (NP (NP a question) (PP of (NP wrongful corporate intent , ratification or cover-up)))))) , '' (NP-SBJ (NP GE 's) brief) (VP asserts (SBAR 0 (S *T*-1))) .)) (TOP (S `` (PP On (NP the contrary)) , (NP-SBJ it) (VP shows (NP (NP a corporation) (VP reacting (ADVP-MNR swiftly and aggressively) (PP-CLR to (NP (NP very difficult issues) (PP-LOC in (NP largely uncharted waters))))))) . '')) (TOP (S (NP-SBJ-1 Mr. Orr) (VP could n't (VP be (VP reached (NP *-1) (PP-CLR for (NP comment)) (NP-TMP yesterday)))) .)) (TOP (S (NP-SBJ (NP Applied Solar Energy Corp.) (PP of (NP (NP (NP City) (PP of (NP Industry))) , (NP-LOC Calif.) ,))) (VP said (SBAR 0 (S (NP-SBJ (NP it) and (NP (NP its majority shareholder) , (NP American Cyanamid Co.) ,)) (VP signed (NP (NP a non-binding letter) (PP of (NP (NP intent) (PP for (NP (NP the acquisition) (PP of (NP Applied Solar)) (PP by (NP McDonnell Douglas Corp.)) (PP for (NP (QP about $ 38 million) *U*))))))))))) .)) (TOP (S (NP-SBJ The proposed acquisition) (VP provides (PP-CLR for (NP (NP (NP a cash payment) (PP of (NP (NP $ 10 *U*) (NP-ADV a share))) (PP-TMP at (NP closing))) and (NP (NP (NP a contingent payment) (PP of (NP (NP as much) (PP as (NP (NP 80 cents) (NP-ADV a share)))))) (VP placed (NP *) (PP-LOC-CLR in (NP escrow))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Details) (PP of (NP the escrow agreement))) (VP have n't (VP been (VP completed (NP *-1))))) , (NP-SBJ the companies) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (QP 3.5 million) shares) (PP of (NP Applied Solar)) , (SBAR (WHPP-1 of (WHNP which)) (S (NP-SBJ American Cyanamid) (VP owns (NP (NP 2.7 million) (PP *T*-1))))))) .)) (TOP (S (NP-SBJ American Cyanamid) (VP is (NP-PRD a (NP (NP Wayne) , (NP N.J.) ,) chemicals , drugs and fertilizer concern)) .)) (TOP (S (NP-SBJ (NP Completion) (PP of (NP the acquisition))) (VP is (ADJP-PRD subject (PP to (NP (NP (NP execution) (PP of (NP a definitive agreement))) , (NP (NP approval) (PP by (NP (NP all three companies ') boards))) and (NP (NP the approval) (PP of (NP (NP Applied Solar 's) shareholders))))))) .)) (TOP (S (NP-SBJ An Applied Solar spokesman) (VP said (SBAR 0 (S (NP-SBJ-1 completion) (VP is (VP expected (NP *-1) (UCP-TMP (PP at (NP (NP the end) (PP of (NP the year)))) or (ADVP early (NP next year)))))))) .)) (TOP (S (NP-SBJ (NP A spokeswoman) (PP for (NP the St. Louis aerospace and defense concern))) (VP said (SBAR 0 (S (NP-SBJ it) (VP wanted (NP the acquistion) (SBAR-PRP because (S (S (NP-SBJ-1 Applied Solar) (VP is (VP involved (NP *-1) (PP-CLR in (NP (NP solar cells) and (NP solid-state laser components)))))) , and (S (NP-SBJ this) (VP fits (PP-CLR with (NP (NP (NP McDonnell 's) business) (PP of (NP (NP laser applications) (PP for (NP military space)))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Trading) (PP-LOC in (NP Cineplex Odeon Corp. shares))) (VP was (VP halted (NP *-1) (PP-LOC on (NP the New York and Toronto stock exchanges)) (NP-LOC late yesterday afternoon) (PP at (NP (NP the company 's) request))))) , (NP-SBJ Toronto Stock Exchange officials) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Brian Hemming) , (NP (NP a spokesman) (PP for (NP (NP (NP the company 's) committee) (PP of (NP independent directors)) , (VP established (PP-TMP in (NP May)) (S-PRP (NP-SBJ *) (VP to (VP solicit and evaluate (NP (NP offers) (PP for (NP the company)))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP expected (S (NP-SBJ *-1) (VP to (VP make (NP an announcement) (NP-TMP early this morning))))))))) .)) (TOP (S But (NP-SBJ Mr. Hemming) (VP said (SBAR 0 (S (NP-SBJ he) (VP was n't (ADJP-PRD aware (PP of (NP (NP the nature) (PP of (NP (NP the talks) (PP under (NP way)) (PP between (NP (NP committee members) and (NP their advisers)))))))))))) .)) (TOP (S (NP-SBJ Cineplex) (VP traded (PP-LOC on (NP the New York Stock Exchange)) (PP-CLR at (NP (NP (NP $ 11.25 *U*) (NP-ADV a share)) , (ADVP up (NP $ 1.125 *U*)))) , (SBAR-TMP before (S (NP-SBJ-1 trading) (VP was (VP halted (NP *-1)))))) .)) (TOP (S (NP-SBJ Analysts) (VP have (VP speculated (PP-TMP in (NP recent days)) (SBAR (SBAR that (S (NP-SBJ (NP the value) (PP of (NP (NP offers) (VP received (NP *) (PP by (NP-LGS the committee)))))) (VP fell (ADVP-CLR well short (PP of (SBAR-NOM (WHNP what) (S (NP-SBJ they) (VP had (VP hoped (SBAR 0 (S *?*))))))))))) , or (ADVP even) (SBAR that (S (NP-SBJ (NP (NP the company 's) (NX (NX chairman) , (NX president) and (NX chief executive officer))) , (NP Garth Drabinsky) ,) (VP is (NP-PRD (NP the only bidder) (PP for (NP (NP the company) (PP as (NP a whole))))))))))) .)) (TOP (S (NP-SBJ-1 The current effort (S (NP-SBJ *) (VP to (VP auction (PRT off) (NP the company))))) (VP was (VP triggered (NP *-1) (PP by (NP-LGS (NP a dispute) (PP between (NP (NP Mr. Drabinsky) and (NP (NP (NP the Toronto-based movie chain 's) major shareholder) , (NP MCA Inc)))))))) .)) (TOP (S (NP-SBJ London share prices) (VP closed (ADVP-CLR sharply lower) (NP-TMP Tuesday) (PP on (NP (NP the back) (PP of (NP (NP (NP Wall Street 's) steep drop) and (NP (NP renewed fears) (PP over (NP U.K. economic fundamentals)))))))) .)) (TOP (S (S (NP-SBJ (NP Tokyo 's) winning streak) (VP came (PP-DIR to (NP an end)))) , and (S (NP-SBJ stocks) (VP fell (PP-LOC (PP in (NP Frankfurt)) and (PP across (NP Europe)) (ADVP as well)))) .)) (TOP (S (NP-SBJ-1 (NP London 's) Financial Times 100-share index) (VP shed (NP 40.4 points) (S-ADV (NP-SBJ *-1) (VP to (VP finish (PP-CLR at (NP 2149.3)))))) .)) (TOP (S (PP-TMP At (NP (NP London 's) close)) , (NP-SBJ the Dow Jones Industrial Average) (VP was (ADJP-PRD (NP 51.23 points) lower) (PP-LOC at (NP 2611.68))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ the initial pressure) (VP came (PP-DIR from (NP (NP (NP (ADJP mildly disappointing) U.K. trade figures) (PP for (NP September))) and (NP (NP a worrisome report (SBAR *ICH*-1)) (PP by (NP (NP the Confederation) (PP of (NP British Industry)))) (SBAR-1 that (S (NP-SBJ (NP a decline) (PP-LOC in (NP (NP orders) (PP for (NP manufactured goods))))) (VP is (VP depressing (NP both (NP business optimism) and (NP (NP investment plans) (PP for (NP the coming year))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The trade and CBI reports) (VP (VP refocused (NP attention) (PP-CLR on (NP (NP high interest rates) and (NP corporate profitability)))) and (VP helped (VP rekindle (NP (NP underlying concerns) (PP over (NP (NP prospects) (PP for (NP (NP a recession) (PP-LOC in (NP the U.K.))))))))))) , (NP-SBJ dealers) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The 30-share index) (VP fell (NP-EXT 33.3 points) (PP-DIR to (NP 1739.3))) .)) (TOP (S (NP-SBJ Volume) (VP was (UCP-PRD (NP (NP a modest (QP 405.4 million) shares) (VP traded (NP *))) , but (ADJP (ADJP better) (PP than (NP (NP (NP the year 's) lowest turnover) (PP of (NP 276.8 million)) (NP-TMP Monday)))))) .)) (TOP (S (NP-SBJ Market watchers) (ADVP also) (VP noted (SBAR 0 (S (NP-SBJ (NP an absence) (PP of (NP institutional interest)) (ADVP-TMP later (PP in (NP the session)))) (VP helped (VP pave (NP the way) (PP-CLR for (NP (NP broader declines) (SBAR (WHADVP-1 when) (S (NP-SBJ-2 Wall Street) (VP opened (S-ADV (NP-SBJ *-2) (ADJP-PRD weaker)) (ADVP-TMP *T*-1))))))))))) .)) (TOP (S (NP-SBJ They) (VP added (SBAR that (S (S (NP-SBJ market-makers) (VP were (VP knocking (NP share prices) (ADVP-CLR down) (PP-TMP in (NP midafternoon)) (PP-LOC in (NP a bid (S (NP-SBJ *) (VP to (VP attract (NP some interest))))))))) , but (S (NP-SBJ the action) (ADVP largely) (VP helped (VP open (NP the way) (PP-CLR for (NP (NP London 's) late declines)))))))) .)) (TOP (S (NP-SBJ Insurance stocks) (VP provided (NP some early support) (PP-CLR to (NP the market)) , (PP (ADVP partly) on (NP (NP favorable brokerage recommendatons) and (NP (NP talk) (PP of (NP (NP (ADJP continental European) interest) (PP in (NP British life and composite insurers)))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP British life insurer London & General) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP firmed (NP-EXT 2 pence) (PP-DIR to (NP (NP 356 pence) (PRN -LRB- (NP $ 5.70 *U*) -RRB-))))))) , and (NP (NP composite insurer Royal Insurance) , (SBAR (WHNP-3 which) (S (NP-SBJ-4 *T*-3) (VP finished (S-ADV (NP-SBJ *-4) (ADJP-PRD (NP 13) lower)) (PP-CLR at (NP 475)))))) ,) (VP were (VP featured (NP *-1) (PP-LOC in (NP the talk)))) .)) (TOP (S (PP-LOC On (NP the life insurance side)) , (S (NP-SBJ-1 Pearl Group) (VP finished (S-ADV (NP-SBJ *-1) (ADJP-PRD (NP 5) lower)) (PP-CLR at (NP 640)))) , and (S (NP-SBJ Sun Life) (VP dropped (NP-EXT 15) (PP-DIR to (NP # 11.53 *U*)))) .)) (TOP (S (NP-SBJ-1 Jaguar) (VP finished (S-ADV (NP-SBJ *-1) (ADJP-PRD (NP 4) lower)) (PP-CLR at (NP 694))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ the market) (VP did n't (VP react (ADVP-MNR substantially) (PP-CLR to (NP (NP (NP Ford Motor Co. 's) disclosure (SBAR *ICH*-2)) (PP to (NP the U.S. Securities and Exchange Commission)) (SBAR-2 that (S (NP-SBJ it) (VP will (VP seek (NP (NP 100 %) (PP of (NP (NP (NP Jaguar 's) shares) (ADJP outstanding)))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 U.K. government share regulations) (VP are (VP lifted (NP *-1) (PP-TMP at (NP (NP the end) (PP of (NP next year)))) (ADVP-TMP *T*-3)))))))))))))))) .)) (TOP (S (NP-SBJ-1 Tokyo stocks) (VP closed (S-ADV (NP-SBJ *-1) (ADJP-PRD easier)) , (S-ADV (NP-SBJ *-1) (VP posting (NP (NP their first loss) (PP-TMP in (NP six trading days))))) , (PP-PRP (ADVP partly) because of (NP (NP programmed index-linked selling) (PP by (NP trust investment funds)) (PP-LOC in (NP the afternoon session))))) .)) (TOP (S (NP-SBJ The Nikkei index) (VP fell (NP-EXT 58.97 points) (PP-DIR to (NP 35526.55))) .)) (TOP (S (NP-SBJ The index) (VP gained (NP 99.14 points) (NP-TMP Monday)) .)) (TOP (S (PP-LOC In (NP early trading)) (PP-LOC in (NP Tokyo)) (NP-TMP Wednesday) , (NP-SBJ the Nikkei index) (VP rose (NP-EXT 17.92 points) (PP-DIR to (NP 35544.47))) .)) (TOP (S (PP-TMP On (NP Tuesday)) , (NP-SBJ (NP the Tokyo stock price index) (PP of (NP all first section issues))) (VP was (ADVP-PRD down (NP 6.31)) (PP-LOC at (NP 2681.22))) .)) (TOP (S (NP-SBJ-1 First section volume) (VP was (VP estimated (NP *-1) (PP-CLR at (NP (NP (QP 900 million) shares) , (ADVP up (PP from (NP 605 million) (NP-TMP Monday))))))) .)) (TOP (S (NP-SBJ Observers) (VP said (SBAR 0 (S (NP-SBJ-1 the market) (ADVP-TMP again) (VP failed (S (NP-SBJ *-1) (VP to (VP find (NP a trading focus)))) , (S-ADV (NP-SBJ *) (VP discouraging (NP (NP much participation) (PP by (NP investors))))))))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ-1 The market) , (ADVP however) , (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP remain (ADJP-PRD stable))))))) and (S (NP-SBJ (NP expectations) (PP for (NP future gains))) (VP are (ADJP-PRD high)))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 Such sentiment) (VP is (VP being (VP supported (NP *-1) (PP by (NP-LGS word (SBAR that (S (NP-SBJ-2 (NP a large amount) (PP of (NP cash)) (PP from (NP investment trust funds))) (VP is (VP scheduled (S (NP-SBJ *-2) (VP to (VP enter (NP the market) (UCP-TMP (NP later this week) and (PP in (NP early November))))))))))))))) .)) (TOP (S (NP-SBJ-1 The expected amount) (VP is (VP said (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP (NP (QP 700 billion) yen) (PRN -LRB- (NP (QP $ 4.93 billion) *U*) -RRB-) to (NP (QP 1.05 trillion) yen)) -- (NP (NP the (ADJP second largest) amount) (NP-TMP this year) (PP-TMP in (NP a given period)) , (PP-TMP following (NP (NP the record high) (VP set (NP *) (PP-TMP at (NP (NP the end) (PP of (NP July)))))))))))) , (PP according (PP to (NP market observers))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP (NP a large amount) (PP of (NP investment trust fund cash)))))) , (NP-SBJ analysts) (ADVP generally) (VP see (S (NP-SBJ the market environment) (VP improving (PP compared (PP with (NP (NP the past couple) (PP of (NP weeks)))))))) .)) (TOP (S (NP-SBJ (NP Toshiyuki Nishimura) , (NP (NP an analyst) (PP-LOC at (NP Yamaichi Securities))) ,) (VP said , `` (S (NP-SBJ The market sentiment) (VP is (ADJP-PRD bullish) , (SBAR-PRP (ADVP simply) because (S (NP-SBJ there) (VP are (NP-PRD few bad factors))))))) . '')) (TOP (S (NP-SBJ Buying activity) (NP Tuesday) (VP centered (PP-CLR on (NP (NP a wide range) (PP of (NP (NP midcapitalization) , (NP (NP domestic demand-related shares) (SBAR (WHNP-1 whose prices) (S (NP-SBJ *T*-1) (VP range (PP-CLR (PP from (NP 1,000)) (PP to (NP 2,000 yen)))))))))))) .)) (TOP (S (NP-SBJ Investors) (VP expect (SBAR 0 (S (NP-SBJ these shares) (VP will (VP be (NP-PRD (NP targets) (PP of (NP (NP investment trust funds) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP often) (VP buy (NP (NP small amounts) (VP spread (NP *) (PP-CLR across (NP (NP a wide range) (PP of (NP issues))))))))))))))))) .)) (TOP (S (S-TPC-4 (PP-LOC On (NP the other hand)) , (NP-SBJ-2 (NP high-priced shares) (PP such as (NP (NP Pioneer Electronic) and (NP Sony)))) (VP failed (S (NP-SBJ *-2) (VP to (VP spark (NP investor interest)))) (SBAR-PRP because (S (NP-SBJ-3 these issues) (VP are (ADJP-PRD unlikely (S (NP-SBJ-1 *-3) (VP to (VP be (VP bought (NP *-1) (PP by (NP-LGS investment trust funds)))))))))))) , (NP-SBJ observers) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ (NP Tuesday 's) notable losers) (VP were (NP-PRD (NP highpriced shares) (PP such as (NP (NP Pioneer) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP shed (NP 210 yen) (PP-DIR to (NP 5,900 yen))))))))) .)) (TOP (S (NP-SBJ Sony) (VP was (ADVP-PRD down (NP 130) (PP to (NP 8,590)))) .)) (TOP (S (S (NP-SBJ TDK) (VP fell (NP-EXT 120) (PP-DIR to (NP 5,960)))) , (S (NP-SBJ Fuji Photo Film) (VP declined (NP-EXT 160) (PP-DIR to (NP 4,830)))) , and (S (NP-SBJ Fanuc) (VP dropped (NP-EXT 160) (PP-DIR to (NP 7,440)))) .)) (TOP (S (NP-SBJ-1 (NP Share prices) (PP-LOC on (NP the Frankfurt stock exchange))) (VP closed (S-ADV (NP-SBJ *-1) (ADJP-PRD sharply lower)) (PP-LOC in (NP thin dealings)) (SBAR-ADV as (S (NP-SBJ worried investors) (VP remained (ADJP-PRD idle) (PP-PRP as (NP (NP the result) (PP of (NP two (ADJP potentially destabilizing) domestic developments)))))))) .)) (TOP (S (NP-SBJ-1 The DAX index) (VP fell (NP-EXT 15.85) (S-CLR (NP-SBJ *-1) (VP to (VP end (PP-CLR at (NP 1507.37)))))) .)) (TOP (SINV (VP-TPC-2 Cutting (PP-CLR against (NP the downward trend))) (VP was (VP *T*-2)) (NP-SBJ (NP Continental) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP jumped (NP-EXT 4 marks) (PP-DIR to (NP (NP 346 marks) (PRN -LRB- (NP $ 187 *U*) -RRB-))) (PP-LOC in (NP heavy trading)) (PP on (NP (NP rumors) (SBAR that (S (NP-SBJ-3 the tire maker) (VP is (ADJP about (S (NP-SBJ-4 *-3) (VP to (VP be (VP taken (NP *-4) (PRT over))))))))))))))) .)) (TOP (S (NP-SBJ It) (VP jumped (NP-EXT 7.5) (NP-TMP Monday)) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ the market) (VP was (ADJP-PRD exceptionally thin) , (SBAR-ADV as (S (NP-SBJ small investors) (VP remain (PP-LOC-CLR on (NP the sidelines))))))))) .)) (TOP (S (NP-SBJ Market participants) (VP say (SBAR 0 (S (S (NP-SBJ investors) (VP are (ADVP not only) (VP licking (NP their wounds) (PP-TMP following (NP (NP the turbulence) (NP-TMP last week)))))) , but (S (NP-SBJ-1 they) (VP have (ADVP also) (VP been (VP made (S (NP-SBJ *-1) (ADJP-PRD nervous)) (PP by (NP-LGS (NP two events) (PP-LOC in (NP West Germany))))))))))) .)) (TOP (S (PP-TMP On (NP Sunday)) , (NP-SBJ the governing Christian Democratic Union) (VP suffered (NP (NP a series) (PP of (NP (NP setbacks) , (SBAR (WHNP-1 the extent (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP became (ADJP-PRD fully known) (NP-TMP only late Monday) , (PP-LOC in (NP (NP municipal elections) (PP-LOC in (NP Baden-Wuerttemberg))))))))))) .)) (TOP (S (NP-SBJ Traders) (VP say (SBAR 0 (S (NP-SBJ investors) (VP are (ADJP-PRD worried (SBAR that (S (NP-SBJ-1 the CDU) (VP wo n't (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP hold (NP office) (PP-LOC in (NP federal elections)) (PP-TMP at (NP (NP the end) (PP of (NP 1990))))))))))))))))) .)) (TOP (S And (S-TPC-1 (NP-SBJ (NP statements) (PP by (NP (NP (NP the chairman) (PP of (NP the IG Metall labor union))) , (NP Franz Steinkuehler) ,))) (ADVP also) (VP cast (NP a cloud) (PP-DIR over (NP trading)))) , (NP-SBJ dealers) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Mr. Steinkuehler) (VP said (PP-LOC at (NP (NP a convention) (PP-LOC in (NP West Berlin)))) (SBAR that (S (NP-SBJ-1 the union) (VP has (S (NP-SBJ *-1) (VP to (VP prepare (PP-CLR for (NP `` a big fight '' (S (NP-SBJ *) (VP to (VP achieve (NP (NP its main goal) (PP of (NP (NP a 35-hour workweek) , (ADVP down (PP from (NP current 37-hour workweek)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The decline) (PP-LOC in (NP prices))) (VP cut (ADVP-MNR broadly) (PP-CLR through (NP the blue-chip issues)) , (SBAR-ADV as (S (S (NP-SBJ Siemens) (VP tumbled (NP-EXT 7.5) (PP-DIR to (NP 544)))) , (S (NP-SBJ Deutsche Bank) (VP plunged (NP-EXT 7) (PP-DIR to (NP 657)))) , and (S (NP-SBJ the auto makers) (VP fell (ADVP-MNR sharply) (ADVP as well)))))) .)) (TOP (S (S (NP-SBJ Daimler-Benz) (VP dropped (NP-EXT 12.5) (PP-DIR to (NP 710.5)))) , (S (NP-SBJ Bayerische Motoren Werke) (VP dropped (NP-EXT 10.5) (PP-DIR to (NP 543.5)))) , and (S (NP-SBJ Volkswagen) (VP lost (NP 7.1))) .)) (TOP (S (ADVP-LOC Elsewhere) , (NP-SBJ-1 share prices) (VP closed (S-ADV (NP-SBJ *-1) (ADJP-PRD lower)) (PP-LOC in (NP Zurich , Amsterdam , Milan and Stockholm))) .)) (TOP (S (NP-SBJ-1 (NP Uneasiness) (PP about (NP Wall Street))) (VP was (VP cited (NP *-1) (PP-LOC in (NP several markets)))) .)) (TOP (S (NP-SBJ-1 Prices) (VP (VP closed (S-ADV (NP-SBJ *-1) (ADJP-PRD lower)) (PP-LOC in (NP Sydney , Singapore and Wellington))) , (VP (VP were (ADJP-PRD-2 mixed) (PP-LOC-3 in (NP Hong Kong))) and (VP (ADJP-PRD=2 higher) (PP-LOC=3 in (NP Taipei , Manila , Paris , Brussels and Seoul))))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP price trends) (PP-LOC on (NP (NP the world 's) major stock markets))) , (SBAR-ADV as (S (NP-SBJ-2 *) (VP calculated (NP *-2) (PP by (NP-LGS (NP Morgan Stanley Capital International Perspective) , (NP-LOC Geneva)))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP make (S (NP-SBJ them) (ADJP-PRD directly comparable))))) , (NP-SBJ-1 each index) (VP is (VP based (NP *-1) (PP-CLR on (S-NOM (NP-SBJ (NP the close) (PP of (NP 1969))) (VP equaling (NP 100)))))) .)) (TOP (S (NP-SBJ The percentage change) (VP is (PP-TMP-PRD since (NP year-end))) .)) (TOP (S (NP-SBJ (NP Directors) (PP of (NP (NP (NP Bergen Bank) and (NP Den Norske Creditbank)) , (NP (NP two) (PP of (NP (NP Norway 's) leading banks))) ,))) (VP announced (SBAR 0 (S (NP-SBJ they) (VP had (VP agreed (PP-CLR to (NP (NP the formal merger) (PP of (NP the banks))))))))) .)) (TOP (S (NP-SBJ The merger) (VP would (VP create (NP (NP (NP Scandinavia 's) (ADJP seventh largest) bank) , (PP with (NP (NP combined assets) (PP of (NP (NP (QP 210 billion) Norwegian kroner) (PRN -LRB- (NP (QP $ 30.3 billion) *U*) -RRB-)))))))) .)) (TOP (S (NP-SBJ The banks) (VP said (SBAR 0 (S (NP-SBJ-1 (NP an application) (PP for (NP a concession (S (NP-SBJ *) (VP to (VP merge (PP-CLR into (NP (NP one entity) (SBAR (WHNP-3 0) (S (NP-SBJ-2 *T*-3) (VP to (VP be (VP called (S (NP-SBJ *-2) (NP-PRD Den Norske Bank AS))))))))))))))) (VP was (VP sent (NP *-1) (NP-TMP Monday) (PP-DIR to (NP the Finance Ministry))))))) .)) (TOP (S (NP-SBJ The two boards) (VP said (PP-LOC in (NP a joint statement)) (SBAR that (S (NP-SBJ-1 the proposed merger agreement) (VP was (VP considered (NP *-1) (PP-LOC in (NP (NP separate board meetings) (PP-LOC in (NP Oslo)))) (NP-TMP Monday)))))) .)) (TOP (S (NP-SBJ They) (VP said (SBAR 0 (S (NP-SBJ-1 the agreement) (VP will (VP be (VP submitted (NP *-1) (PP-CLR to (NP their respective supervisory boards)) (NP-TMP next Wednesday))))))) .)) (TOP (S (NP-SBJ (NP Extraordinary general meetings) , (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP held (NP *-1) (NP-TMP Nov. 28)))))) ,) (VP will (VP decide (NP the share exchange ratio))) .)) (TOP (S (NP-SBJ The merger) (VP requires (NP (NP the approval) (PP of (NP Norwegian authorities)))) .)) (TOP (S (S-TPC-1 (NP-SBJ Savings and loans) (VP reject (NP blacks) (PP for (NP mortgage loans)) (ADVP-TMP (ADVP twice as often) (PP as (S-NOM (NP-SBJ they) (VP reject (NP whites))))))) , (NP-SBJ (NP the Office) (PP of (NP Thrift Supervision))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 But (NP-SBJ that) (VP does n't (ADVP necessarily) (VP mean (SBAR 0 (S (NP-SBJ thrifts) (VP are (VP discriminating (PP-CLR against (NP blacks))))))))) , (NP-SBJ the agency) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The office) , (NP (NP an arm) (PP of (NP the Treasury))) ,) (VP said (SBAR 0 (S (S (NP-SBJ it) (VP does n't (VP have (NP (NP data) (PP on (NP (NP the financial position) (PP of (NP applicants)))))))) and (ADVP thus) (S (NP-SBJ *) (VP ca n't (VP determine (SBAR-NOM (WHADVP-2 why) (S (NP-SBJ-1 blacks) (VP are (VP rejected (NP *-1) (ADVP-TMP more often) (ADVP-PRP *T*-2))))))))))) .)) (TOP (S (ADVP Nevertheless) , (PP-LOC on (NP (NP Capitol Hill) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 the information) (VP was (VP released (NP *-1) (NP-TMP yesterday) (PP-LOC at (NP a Senate banking subcommittee hearing)) (ADVP-LOC *T*-2))))) ,)) (NP-SBJ lawmakers) (VP said (SBAR 0 (S (NP-SBJ they) (VP are (ADJP-PRD worried (SBAR that (S (NP-SBJ financial institutions) (VP are (ADVP routinely) (VP discriminating (PP-CLR against (NP minorities))))))))))) .)) (TOP (S (NP-SBJ They) (VP asked (NP-1 regulators) (S (NP-SBJ *-1) (VP to (VP suggest (NP (NP new ways) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP force (S (NP-SBJ banks and thrifts) (VP to (VP comply (PP-CLR with (NP anti-discrimination laws))))) (ADVP-MNR *T*-2)))))))))) .)) (TOP (S (NP-SBJ (NP Sen. Alan Dixon) (PRN -LRB- (NP D) , (NP-LOC Ill.) -RRB-) , (NP (NP chairman) (PP of (NP (NP the subcommittee) (PP on (NP (UCP consumer and regulatory) affairs))))) ,) (VP said , `` (S (NP-SBJ I) (VP 'm not (NP-PRD a statistician)))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ blacks) (VP are (VP getting (S (NP-SBJ-2 their loan applications) (VP rejected (NP *-2) (ADVP-TMP (ADVP twice as often) (PP as (NP whites))))) (ADVP-TMP *T*-1))))) (PRN -- (S and (PP-LOC in (NP some cities)) , (NP-SBJ it) (VP is (ADVP-PRD (QP three and four times) as often))) --) (NP-SBJ I) (VP conclude (SBAR that (S (NP-SBJ discrimination) (VP is (NP-PRD (NP part) (PP of (NP the problem))))))) . '')) (TOP (S (NP-SBJ (NP James Grohl) , (NP (NP a spokesman) (PP for (NP (NP the U.S. League) (PP of (NP Savings Institutions))))) ,) (VP said , `` (S (S (NP-SBJ The data) (VP is (NP-PRD a red flag))) , but (S (S-ADV (NP-SBJ *-1) (VP lacking (NP the financial data))) (NP-SBJ-1 you) (VP ca n't (VP make (NP-CLR a case) (SBAR-CLR that (S (NP-SBJ discrimination) (VP is (ADJP-PRD widespread))))))))) . '')) (TOP (S (NP-SBJ The trade group official) (VP added : `` (S (ADVP Certainly) (NP-SBJ the federal government) (VP should (VP take (NP (NP a hard look) (PP at (NP it))))))) . '')) (TOP (S (NP-SBJ-2 Sen. Dixon) (VP held (NP the hearing) (S-PRP (NP-SBJ *-2) (VP to (VP follow (PRT up) (PP-CLR on (NP (NP a provision) (PP-LOC in (NP the savings and loan bailout bill)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP required (S (NP-SBJ regulators) (VP to (VP report (PP-CLR on (NP (NP evidence) (PP of (NP discimination)) (PP-LOC in (NP mortgage lending)))))))))))))))) .)) (TOP (S (S (NP-SBJ The legislation) (ADVP also) (VP requires (NP (NP broad new disclosures) (PP of (NP (NP the (NX (NX race) , (NX sex) and (NX income level))) (PP of (NP borrowers))))))) , but (S (NP-SBJ-1 that information) (VP wo n't (VP be (VP gathered (NP *-1) (PP-LOC-CLR in (NP new studies)) (PP-TMP for (NP (NP several months) (ADVP at least))))))) .)) (TOP (S (NP-SBJ The Federal Reserve) (VP said (SBAR 0 (S (NP-SBJ (NP its studies) (PP-TMP in (NP recent years)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP adjust (PP-CLR for (NP (NP income differences) and (NP other variables)))))) ,) (VP showed (SBAR that (S (NP-SBJ blacks) (VP received (NP (NP fewer home mortgages) (PP *ICH*-2)) (PP-CLR from (NP banks and thrifts)) (PP-2 than (NP whites))))))))) .)) (TOP (S But (NP-SBJ (NP John LaWare) , (NP a Fed governor) ,) (VP told (NP the subcommittee) (SBAR (SBAR 0 (S (NP-SBJ the evidence) (VP is (ADJP-PRD mixed)))) and (SBAR that (S (NP-SBJ the Fed 's) (VP believes (SBAR 0 (S (NP-SBJ (NP the vast majority) (PP of (NP banks))) (VP are n't (VP discriminating))))))))) .)) (TOP (S-1 (PP For (NP instance)) (PRN , (S (NP-SBJ he) (VP noted (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the Fed studies) (VP have (VP shown (SBAR that (S (NP-SBJ blacks) (VP receive (NP (NP more home improvement loans) (PP than (NP whites)))))))) .)) (TOP (S (NP-SBJ Several lawmakers) (VP were (ADJP-PRD angered (SBAR that (S (NP-SBJ the bank and thrift regulators) (ADVP generally) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP have (VP been (ADJP-PRD too busy (S *ICH*-2)) (S-CLR (NP-SBJ *-1) (VP handling (NP (NP the record number) (PP of (NP bank and thrift failures)) (PP-TMP in (NP the past few years))))) (S-2 (NP-SBJ *-1) (VP to (VP put (NP much energy) (PP-PUT into (S-NOM (NP-SBJ *) (VP investigating (NP possible discrimination)))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP would (VP be (NP-PRD (NP the first) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP admit (SBAR that (S (NP-SBJ we) (VP have not (VP devoted (NP (NP the necessary amount) (PP of (NP emphasis))) (PP-TMP over (NP the past several years)) '' (PP-CLR to (S-NOM (NP-SBJ *) (VP developing (NP (NP examinations) (PP for (NP discrimination)))))))))))))))))) , (VP said (S *T*-1)) (NP-SBJ (NP Jonathan Fiechter) , (NP (NP a top official) (PP of (NP (NP the Office) (PP of (NP Thrift Supervision)))))) .)) (TOP (S-3 `` (SBAR-ADV If (S (NP-SBJ we) (VP 've (VP got (NP (NP folks) (PP-LOC out (NP there)) (SBAR (WHNP-1 who) (S (NP-SBJ-4 *T*-1) (VP are (VP being (VP turned (NP *-4) (ADVP-CLR away) (PP-LOC in (NP the mortgage market)) (ADVP-MNR improperly and unfairly))))))))))) (PRN , '' (SINV (VP said (S *T*-3)) (NP-SBJ (NP Sen. Donald Riegle) (PRN -LRB- (NP D.) , (NP-LOC Mich.) -RRB-) , (NP (NP chairman) (PP of (NP the banking committee))))) ,) `` (ADVP then) (NP-SBJ that) (VP is (NP-PRD (NP a matter) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP needs (NP remedy) (ADVP-TMP (ADVP now) , not (NP (NP (NP six months) (PP from (NP now))) , or (NP (NP six years) (PP from (NP now))) , or (NP (NP 26 years) (PP from (NP now)))))))))) . '')) (TOP (S (NP-SBJ (NP Officials) (PP of (NP (NP the Federal Deposit Insurance Corp.) and (NP (NP the Office) (PP of (NP (NP the Comptroller) (PP of (NP the Currency)))))))) (VP said (SBAR 0 (S (NP-SBJ they) (VP have (VP punished (NP (QP only a few) banks) (PP-PRP for (NP (NP violations) (PP of (NP anti-discrimination laws))))))))) .)) (TOP (S (NP-SBJ The FDIC) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP issued (NP five citations) (PP-DTV to (NP banks)) (PP-TMP over (NP the past three years)) (PP-PRP for (NP discriminatory practices))))))) .)) (TOP (S (NP-SBJ (NP The comptroller 's) office) (VP said (SBAR 0 (S (NP-SBJ it) (VP found (NP (NP no indications) (PP of (NP illegal discrimination))) (PP-LOC in (NP (NP 3,437 examinations) (PP of (NP banks)) (PP-TMP since (NP April 1987)))))))) .)) (TOP (S (NP-SBJ (NP The comptroller 's) office) (ADVP also) (VP said (SBAR that (S (PP-TPC-2 of (NP (NP 37,000 complaints) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP received (NP *T*-1) (PP-TMP since (NP January 1987))))))) , (NP-SBJ (NP only 16) (PP *T*-2)) (VP alleged (NP (NP racial discrimination) (PP-LOC in (NP real estate lending))))))) .)) (TOP (S (S (NP-SBJ The agency) (VP investigated (NP the complaints))) but (S (NP-SBJ-1 no violations) (VP were (VP cited (NP *-1)))) .)) (TOP (S (NP-SBJ Thrift regulators) (VP did n't (VP give (NP (NP any figures) (PP on (NP their enforcement actions))))) .)) (TOP (S (NP-SBJ Mr. Fiechter) (VP said (SBAR that (SINV (PP-LOC-PRD-TPC-2 among (NP (NP the possibilities) (VP being (VP considered (NP *) (PP by (NP-LGS-3 regulators)) (S-PRP (NP-SBJ *-3) (VP to (VP fight (NP discrimination)))))))) (VP is (PP-LOC-PRD *T*-2)) (NP-SBJ (NP the use) (PP of (NP `` (NP testers) '' -- (NP (NP government investigators) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP would (VP pose (PP as (NP home buyers))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The Department) (PP of (NP Housing and Urban Development))) (VP has (VP used (NP testers) (S-CLR (NP-SBJ *-1) (VP to (VP investigate (NP (NP discrimination) (PP-LOC in (NP rental housing)))))))) .)) (TOP (S (S (S-NOM-SBJ (NP-SBJ *) (VP Using (NP testers))) (VP could (VP be (ADJP-PRD controversial) (PP with (NP financial institutions))))) , but (S (NP-SBJ Mr. Grohl) (VP said (SBAR 0 (S (NP-SBJ (NP the U.S. League) (PP of (NP Savings Institutions))) (VP had n't (ADVP-TMP yet) (VP taken (NP any position) (PP on (NP the matter)))))))) .)) (TOP (S (NP-SBJ Time Warner Inc.) (VP is (VP considering (NP (NP a legal challenge) (PP to (NP (NP (NP Tele-Communications Inc. 's) plan (S (NP-SBJ *) (VP to (VP buy (NP (NP half) (PP of (NP Showtime Networks Inc.))))))) , (NP (NP a move) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP lead (PP-DIR to (NP (NP all-out war) (PP between (NP (NP the cable industry 's) two (ADJP most powerful) players)))))))))))))) .)) (TOP (S (S-TPC-4 (NP-SBJ-1 Time) (VP is (ADVP also) (VP fighting (NP the transaction) (PP-LOC on (NP other fronts)) , (PP-MNR by (S-NOM (NP-SBJ-2 *-1) (VP attempting (S (NP-SBJ *-2) (VP to (VP discourage (NP-3 other cable operators) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP joining (NP Tele-Communications) (PP as (NP (NP investors) (PP in (NP Showtime)))))))))))))))) , (NP-SBJ cable-TV industry executives) (VP say (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ-1 Time officials) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ-2 Tele-Communications) (VP agreed (S (NP-SBJ *-2) (VP to (VP pay (NP Viacom Inc.) (NP (QP $ 225 million) *U*) (PP-CLR for (NP (NP a (NP 50 %) stake) (PP-LOC in (NP (NP its Showtime subsidiary) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP a distant second) (PP to (NP (NP Time 's) Home Box Office)) (PP-LOC in (NP (NP the delivery) (PP of (NP pay-TV networks)) (PP to (NP cable subscribers)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Tele-Communications) , (NP (NP the U.S. 's) largest cable company) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP may (VP seek (NP (NP other cable partners) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP join (PP-CLR in (NP its investment)))))))))))) .)) (TOP (S (S (NP-SBJ Tele-Communications) (VP is (NP-PRD (NP HBO 's) largest customer))) , and (S (NP-SBJ the two) (VP have (NP (NP a number) (PP of (NP other business relationships))))) .)) (TOP (S (S-TPC-1 (NP-TMP Earlier this year) , (NP-SBJ-2 Time) (ADVP even) (VP discussed (S (NP-SBJ *-2) (VP bringing (NP Tele-Communications) (ADVP-CLR in) (PP as (NP (NP an investor) (PP in (NP HBO)))))))) , (NP-SBJ (NP executives) (PP-LOC at (NP both companies))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The purchase) (PP of (NP the Showtime stake))) (VP is `` (NP-PRD (NP a direct slap) (PP in (NP our face))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ one senior Time executive) .)) (TOP (S (NP-SBJ-1 Time) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP mount (NP a legal challenge) (PP-LOC in (NP (NP U.S. District Court) (PP-LOC in (NP (NP New York) , (SBAR (WHADVP-2 where) (S (NP-SBJ Viacom) (PP-TMP in (NP May)) (VP filed (NP (NP a (ADJP (QP $ 2.5 billion) *U*) antitrust suit) (VP charging (NP Time and HBO) (PP-CLR with (S-NOM (NP-SBJ-3 *) (VP (VP monopolizing (NP the pay-TV business)) and (VP trying (S (NP-SBJ *-3) (VP to (VP crush (NP (NP competition) (PP from (NP Showtime)))))))))))) (ADVP-LOC *T*-2))))))))))))) .)) (TOP (S (NP-SBJ (NP Executives) (VP involved (NP *) (PP-CLR in (S-NOM (NP-SBJ *) (VP plotting (NP (NP Time 's) defense)))))) (VP say (SBAR 0 (S (NP-SBJ it) (VP is (ADVP-TMP now) (VP preparing (NP (NP a countersuit) (VP naming (NP both Viacom and Tele-Communications) (PP-CLR as (NP defendants))))))))) .)) (TOP (S (NP-SBJ The executives) (VP say (SBAR 0 (S (NP-SBJ-3 Time) (VP (VP may (VP seek (S (NP-SBJ *-3) (VP to (VP break (PRT up) (NP the transaction) (SBAR-TMP after (S (NP-SBJ-1 it) (VP is (VP consummated (NP *-1)))))))))) , or (VP may (VP seek (NP (NP constraints) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP prevent (NP-4 Tele-Communications) (PP-CLR from (S-NOM (NP-SBJ *-4) (VP dropping (NP HBO) (PP-LOC in (NP (NP any) (PP of (NP its cable systems)))) (PP in (NP (NP favor) (PP of (NP Showtime)))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Viacom officials) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ (NP Jerome Kern) , (NP (NP Tele-Communications ') chief outside counsel) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP was n't (ADJP-PRD aware (PP of (NP (NP Time 's) legal plans))))))) .)) (TOP (S But (NP-SBJ he) (VP said (SBAR that (S (NP-SBJ (NP any effort (S *ICH*-1)) (PP by (NP Time)) (S-1 (NP-SBJ *) (VP to (VP characterize (NP (NP the Tele-Communications investment) (PP in (NP Showtime))) (PP-CLR as (ADJP anti-competitive)))))) (VP would (VP be `` (NP-PRD (NP the pot) (VP calling (S (NP-SBJ the kettle) (ADJP-PRD black))))))))) . '')) (TOP (S `` (S-TPC-2 (NP-SBJ (NP It) (S *EXP*-3)) (VP 's (ADJP-PRD hard) (S-3 (NP-SBJ *) (VP to (VP see (SBAR-NOM (WHADVP-4 how) (S (NP-SBJ (NP an investment) (PP by (NP (NP the largest (PRN -LCB- cable operator -RCB-)) (PP-LOC in (NP (NP the weaker) (PP of (NP the two networks))))))) (VP is (ADJP-PRD anti-competitive) (ADVP-MNR *T*-4))))))) , (SBAR-TMP (WHADVP-5 when) (S (NP-SBJ-1 (NP the stronger) (PP of (NP the two networks))) (VP is (VP owned (NP *-1) (PP by (NP-LGS the (ADJP second largest) '' cable operator)) (ADVP-TMP *T*-5))))))) , (NP-SBJ Mr. Kern) (VP said (S *T*-2)) .)) (TOP (S (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ *) (VP owning (NP (NP HBO) , (PP with (NP (QP 22 million) subscribers)) ,)))))) (NP-SBJ Time Warner) (VP (ADVP-MNR separately) operates (NP (NP cable-TV system) (VP serving (NP (QP about 5.6 million) cable-TV subscribers)))) .)) (TOP (S (S (NP-SBJ Tele-Communications) (VP controls (NP (QP close to 12 million) cable subscribers))) , and (S (NP-SBJ Viacom) (VP has (NP about one million))) .)) (TOP (S (PP-LOC In (NP (NP its suit) (PP against (NP Time)))) , (NP-SBJ Viacom) (VP says (SBAR 0 (S (NP-SBJ (NP the ownership) (PP of (NP both (NP cable systems) and (NP cable-programming networks)))) (VP gives (NP the company) (NP (ADJP too much) market power))))) .)) (TOP (S (NP-SBJ Time) (VP argues (SBAR that (S (PP in (S-NOM (NP-SBJ *-1) (VP joining (PRT up) (PP-CLR with (NP Tele-Communications))))) , (NP-SBJ-1 Viacom) (VP has (NP (ADJP potentially more) power) , (SBAR-PRP (ADVP particularly) since (S (NP-SBJ Viacom) (ADVP also) (VP owns (NP cable networks MTV , VH-1 and (NAC Nick (PP-TMP at (NP Nite))))))))))) .)) (TOP (S (ADVP Ironically) , (NP-SBJ Tele-Communications and Time) (VP have (ADVP-TMP often) (VP worked (ADVP-MNR closely) (PP-LOC in (NP the cable business)))) .)) (TOP (S (S (ADVP Together) , (NP-SBJ they) (VP control (NP (NP (QP nearly 40) %) (PP of (NP Turner Broadcasting Systems Inc.))))) ; (S (NP-SBJ Tele-Communications) (VP has (NP a (ADJP 21.8 %) stake) , (SBAR-ADV while (S (NP-SBJ Time Warner) (VP has (NP a (ADJP 17.8 %) stake)))))) .)) (TOP (S But (PP-TMP since (NP (NP (NP Time 's) merger) (PP with (NP Warner Communications Inc.)))) , (NP-SBJ (NP relations) (PP between (NP the two))) (VP have (VP become (ADJP-PRD strained))) .)) (TOP (S (NP-SBJ Each company) (VP worries (SBAR that (S (NP-SBJ the other) (VP is (VP becoming (ADJP-PRD (ADJP too powerful) and (ADJP too vertically integrated))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ some legal observers) (VP say (SBAR 0 (S (NP-SBJ (NP the Tele-Communications investment) and (NP other developments)) (VP are (VP weakening (NP (NP (NP Viacom 's) antitrust suit) (PP against (NP Time)))))))) .)) (TOP (S (NP-SBJ Viacom) (VP accuses (NP-1 Time) (PP-LOC in (NP its suit)) (PP-CLR of (S-NOM (NP-SBJ-2 *-1) (VP refusing (S (NP-SBJ *-2) (VP to (VP carry (NP (NP Showtime) or (NP (NP a sister service) , (NP The Movie Channel) ,)) (PP-LOC on (NP (NP (NP Time 's) Manhattan Cable TV system) , (NP (NP one) (PP of (NP (NP the nation 's) largest urban systems)))))))))))) .)) (TOP (S But (NP-TMP yesterday) , (NP-SBJ Manhattan Cable) (VP announced (SBAR 0 (S (NP-SBJ it) (VP will (VP launch (NP Showtime) (PP-TMP on (NP Nov. 1)) (PP-DIR to (NP (QP over 230,000) subscribers))))))) .)) (TOP (S (NP-SBJ Showtime) (VP has (ADVP also) (VP accused (NP-1 HBO) (PP-CLR of (S-NOM (NP-SBJ-2 *-1) (VP locking (PRT up) (NP (NP (NP the lion 's) share) (PP of (NP (NP Hollywood 's) movies))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP signing (NP (NP exclusive contracts) (PP with (NP all the major studios))))))))))) .)) (TOP (S But (NP-SBJ-2 Showtime) (VP (VP has (VP continued (S (NP-SBJ *-2) (VP to (VP sign (NP new contracts) (PP with (NP Hollywood studios))))))) , and (VP (NP-TMP yesterday) announced (SBAR 0 (S (NP-SBJ it) (VP will (VP buy (NP movies) (PP-CLR from (NP (NP Columbia Pictures Entertainment Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP currently) (VP has (NP (NP a non-exclusive arrangement) (PP with (NP HBO)))))))))))))) .)) (TOP (S (NP-SBJ The Federal Trade Commission) (VP said (SBAR 0 (S (NP-SBJ it) (VP authorized (S (NP-SBJ its staff) (VP to (VP seek (NP (NP a preliminary injunction) (VP barring (NP-1 Imo Industries Inc.) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP acquiring (NP (NP the shares) (ADJP outstanding) (PP of (NP (NP the U.S. unit) (PP of (NP (NP the British company) , (NP United Scientific Holdings PLC) ,))))) (PP-CLR for (NP (QP $ 69 million) *U*)))))))))))))) .)) (TOP (S (NP-SBJ The FTC) (VP said (SBAR 0 (S (NP-SBJ it) `` (VP had (NP reason (S (NP-SBJ *) (VP to (VP believe (SBAR that (S (NP-SBJ the proposed acquisition) (VP could (VP (ADVP-MNR substantially) reduce (NP (NP competition) '' (PP-LOC in (NP (NP the production) (PP of (NP (NP certain image intensifier tubes) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (NP-PRD (NP important components) (PP of (NP (NP night-vision devices) (VP sold (NP *) (PP-CLR (ADVP primarily) to (NP the defense industry)))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ-2 The FTC) (VP (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP would (VP seek (S (NP-SBJ *-1) (VP to (VP enjoin (NP the proposed acquisition) (PP-LOC in (NP a federal trial court)))))))))) , but (VP declined (S (NP-SBJ *-2) (VP to (VP specify (NP which one)))))) .)) (TOP (S (PP-LOC Under (NP federal law)) , (SBAR-ADV if (S (NP-SBJ the court) (VP grants (NP a preliminary injunction)))) , (NP-SBJ the FTC) (VP must (VP begin (NP (NP administrative proceedings) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP determine (NP (NP the legality) (PP of (NP the proposed stock purchase))) (ADVP *T*-1)))))) (PP-TMP within (NP 20 days)))) .)) (TOP (S (NP-SBJ-1 (NP Officials) (PP-LOC (PP at (NP (NP (NP the United Scientific unit) , (NP (NP Optic-Electronic Corp.) (PP of (NP (NP Garland) , (NP Texas))))))) , and (PP at (NP (NP Imo Industries) (PP of (NP (NP Lawrenceville) , (NP N.J.) ,)))))) (VP could n't (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-SBJ (NP (NP The airline industry 's) fortunes) , (PP in (NP dazzling shape)) (PP-TMP for (NP (NP most) (PP of (NP the year)))) ,) (VP have (VP taken (NP (NP a sudden turn) (PP for (NP the worse))) (PP-TMP in (NP the past few weeks)))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Citing (NP (NP rising fuel costs) , (NP promotional fare cuts) and (NP (NP a general slowdown) (PP-LOC in (NP travel))) ,))) (NP-SBJ-2 several major carriers) (VP (VP have (VP posted (NP *RNR*-1))) or (VP are (VP expected (S (NP-SBJ *-2) (VP to (VP post (NP *RNR*-1)))))) (NP-1 (ADJP relatively poor) third-quarter results)) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ (NP USAir Group Inc.) , (NP (NP recently one) (PP of (NP (NP the industry 's) stellar performers))) ,) (VP posted (NP (NP a worse-than-expected (ADJP (QP $ 77.7 million) *U*) net loss) (PP for (NP the period)))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ (NP the industry 's) fourth quarter) (VP is n't (VP looking (ADJP-PRD too strong) (ADVP either) , (S-ADV (NP-SBJ *) (VP prompting (S (NP-SBJ many analysts) (VP to (VP slash (NP (NP earning projections) (PP for (NP (NP the rest) (PP of (NP the year))))) (PP-EXT by (NP (NP as much) (PP as (NP one-fourth))))))))))) .)) (TOP (S And (NP-SBJ they) (VP say (SBAR 0 (S (NP-SBJ (NP the outlook) (PP for (NP 1990))) (VP is (ADJP-PRD nearly as bad))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Airlines) (PP-TMP in (NP 1989))) `` (VP (VP came (ADVP-DIR in) (PP-MNR like (NP a bang))) and (VP are (VP going (ADVP-DIR out) (PP-MNR like (NP a whimper)))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Kevin Murphy) , (NP (NP an airline analyst) (PP-LOC at (NP Morgan Stanley & Co)))) .)) (TOP (S (NP-SBJ (NP This turn) (PP of (NP events))) (VP has (VP put (NP a big damper) (PP-PUT on (NP (NP an industry) (NP (WHNP-1 that) (S (NP-SBJ *T*-1) (VP seemed (ADJP-PRD almost invincible) (NP-TMP (NP last spring) , (SBAR (WHADVP-3 when) (S (S (NP-SBJ fares) (VP were (VP rising (PP at (NP double-digit rates)) (ADVP-TMP *T*-3)))) and (S (NP-SBJ-2 many carriers) (VP seemed (S (NP-SBJ *-2) (VP to (VP be (VP growing (ADJP-PRD fat) (PP on (NP (NP near-monopolies) (PP-LOC in (NP certain markets)))))))) (ADVP-TMP *T*-3))))))))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ many airline companies) (VP might (VP become (ADJP-PRD (ADJP (NP a lot) less attractive) (PP as (NP (NP takeover targets) (PP-LOC on (NP Wall Street))))))) .)) (TOP (S (NP-SBJ The downturn) (ADVP also) (VP raises (NP (NP questions) (PP about (NP (NP (NP the carriers ') ambitious orders) (PP for (NP new airplanes)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP currently) (VP total (NP (NP (QP $ 32.5 billion) *U*) (PP-TMP over (NP the next three years)))))))))) .)) (TOP (S (PP For (NP travelers)) , (ADVP though) , (NP-SBJ (NP the industry 's) problems) (VP have (VP had (NP some positive effects))) .)) (TOP (S (PP-TMP In (NP recent weeks)) , (NP-SBJ-1 airlines) (VP have (VP cut (NP numerous fares) (PP-LOC in (NP leisure markets)) (S-PRP (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP win (ADVP-CLR back) (NP customers))))))))) .)) (TOP (S (NP-SBJ-1 Others) (VP have (VP tried (S (NP-SBJ *-1) (VP to (VP spruce (PRT up) (NP frequent-flier programs)))))) .)) (TOP (S (ADVP-TMP Previously) , (NP-SBJ airlines) (VP were (VP limiting (NP the programs) (SBAR-PRP because (S (NP-SBJ they) (VP were (VP becoming (ADJP-PRD too expensive))))))) .)) (TOP (S (NP-TMP Just last week) , (PP for (NP example)) , (NP-SBJ-1 (NP Trans World Airlines) and (NP (NP Pan Am Corp. 's) Pan American World Airways)) (VP went (ADVP (ADVP so far) (SBAR as (S (NP-SBJ *-1) (VP to (VP offer (NP (NP (NP cash rebates) or (NP gift checks)) (PP of (NP (QP $ 200 to $ 1,000) *U*))) (PP-CLR to (NP (NP certain frequent-flier members) (VP making (NP trans-Atlantic flights) (PP-LOC in (NP (NP business class) or (NP first class)))))))))))) .)) (TOP (S (NP-SBJ (NP The industry 's) slowdown) (VP became (ADJP-PRD apparent) (NP-TMP this month) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP AMR Corp.) , (NP (NP parent) (PP of (NP American Airlines))) ,) (VP (VP reported (NP (NP an (ADJP 8.8 %) drop) (PP-LOC in (NP third-quarter net income)))) and (VP said (SBAR 0 (S (NP-SBJ its fourth quarter) (VP would (VP be `` (ADJP-PRD disappointing)))))) (ADVP-TMP *T*-1))))) . '')) (TOP (S (PP-TMP (ADVP Shortly) before (NP that)) , (NP-SBJ USAir) (VP had (VP said (SBAR 0 (S (NP-SBJ its third-quarter results) (VP would (VP be (ADJP-PRD `` (ADJP significantly lower) '' (PP than (ADVP-TMP (NP a year) earlier))))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ it) (VP provided (NP the details)) :)) (TOP (S (NP-SBJ (NP Its loss) (PP of (NP (NP (QP $ 77.7 million) *U*) , or (NP (NP $ 1.86 *U*) (NP-ADV a share)) ,))) (VP contrasted (PP-CLR with (NP (NP net) (PP of (NP (NP (QP $ 68.5 million) *U*) , or (NP (NP $ 1.58 *U*) (NP-ADV a share)))) , (PP-TMP in (NP the 1988 third quarter))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT (QP only 3.3) %) (PP-TMP in (NP the latest period)) , (PP-DIR to (NP (QP $ 1.53 billion) *U*)) (PP-DIR from (NP (QP $ 1.48 billion) *U*))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ (NP the (NAC-LOC Arlington , Va. ,) company 's) net) (VP plunged (NP-EXT 73 %) (PP-DIR to (NP (NP (QP $ 38.5 million) *U*) , or (NP (NP 76 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 142.2 million) *U*) , or (NP (NP $ 3.28 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 12 %) (PP-DIR to (NP (QP $ 4.75 billion) *U*)) (PP-DIR from (NP (QP $ 4.22 billion) *U*))) .)) (TOP (S (NP-SBJ The results) (VP surprised (NP many analysts) , (SBAR-PRP because (S (NP-SBJ-1 USAir) (VP (VP has (NP almost no competition) (PP-LOC in (NP its Pittsburgh hub))) and (VP has (VP expanded (NP operations) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP completing (NP (NP its acquisition) (PP of (NP Piedmont Airlines)))))))))))) .)) (TOP (S (PP-TMP (ADVP Shortly) after (S-NOM (NP-SBJ *) (VP announcing (NP its quarterly loss)))) , (NP-SBJ (NP USAir 's) stock) (VP tumbled (NP-EXT (NP $ 3 *U*) (NP-ADV a share))) .)) (TOP (S (NP-SBJ It) (VP ended (PP-CLR at (NP (NP $ 40.125 *U*) , (ADVP down (NP $ 2.375 *U*)))) , (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Nobody) (VP was (VP expecting (NP (NP this size) (PP of (NP a loss)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Paul Karos) , (NP (NP an analyst) (PP with (NP First Boston Corp)))) .)) (TOP (S (NP-SBJ (NP One airline executive) , (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP declined (S (NP-SBJ-1 *-3) (VP to (VP be (VP identified (NP *-1)))))))) ,) (VP called (S (NP-SBJ the loss) `` (ADJP-PRD amazing))) . '')) (TOP (S (PP-LOC In (S-NOM (NP-SBJ *-2) (VP announcing (NP the results)))) , (NP-SBJ-2 USAir) (VP cited (NP (NP many) (PP of (NP (NP the same problems) (SBAR (WHNP-1 that) (S (NP-SBJ several other industry officials) (VP have (VP named (NP *T*-1) (ADVP-TMP recently))))))))) .)) (TOP (S (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ (NP the industry 's) domestic traffic) (VP was (ADJP-PRD flat) (PP-TMP in (NP the third quarter))))))) ; (S (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ this) (VP was (SBAR-PRP-PRD because (S (NP-SBJ (NP hefty fare increases) (ADVP-TMP earlier (PP in (NP the year)))) (VP scared (ADVP-CLR off) (NP many leisure travelers) (NP-TMP this summer))))))))) .)) (TOP (S (S (S-PRP (NP-SBJ-2 *-1) (VP To (VP try (S (NP-SBJ *-2) (VP to (VP combat (NP the traffic slowdown))))))) , (NP-SBJ-1 airlines) (VP started (S (NP-SBJ *-1) (VP reducing (NP fares))))) ; (S (NP-SBJ average fares) (VP rose (NP-EXT (QP only 1.7) %) (PP-TMP in (NP August)) , (PP in (NP (NP contrast) (PP to (NP (NP increases) (PP of (NP (NP 16 %) (NP-ADV each))) (PP-TMP in (NP February and March)))))))) .)) (TOP (S But (ADVP-TMP so far) , (S (NP-SBJ the effort) (VP has (VP failed))) , and (S (NP-SBJ traffic) (VP is (ADVP-TMP still) (ADJP-PRD slow))) .)) (TOP (S (NP-SBJ Some other fare promotions) (VP have (VP backfired)) .)) (TOP (S (NP-TMP This summer) , (NP-SBJ the industry) (VP introduced (NP (NP a `` (S-TTL (NP-SBJ-1 kids) (VP fly (S-ADV (NP-SBJ *-1) (ADVP-PRD free)))) '' program) , (SBAR (WHPP-4 in (WHNP which)) (S (NP-SBJ-2 children) (VP were (VP allowed (S (NP-SBJ-3 *-2) (VP to (VP fly (S-ADV (NP-SBJ *-3) (ADVP-PRD free))))) (SBAR-ADV if (S (NP-SBJ they) (VP were (VP traveling (PP with (NP an adult)))))) (PP-LOC *T*-4))))))) .)) (TOP (S (S (NP-SBJ-1 Airlines) (VP tried (S (NP-SBJ *-1) (VP to (VP restrict (NP the program) (ADVP-MNR substantially) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP limiting (NP the offer) (PP-CLR to (NP (NP certain days) (PP of (NP the week)))))))))))) , but (S (NP-SBJ it) (ADVP-TMP still) (VP was (ADVP apparently) (VP used (ADVP-MNR (ADVP far more heavily) (SBAR than (S (NP-SBJ the airlines) (VP expected (SBAR 0 (S *?*))))))))) .)) (TOP (S (NP-SBJ Airlines) (ADVP also) (VP say (SBAR 0 (S (NP-SBJ their frequent-flier programs) (VP are (VP squeezing (NP profits) (SBAR-PRP because (S (NP-SBJ-1 awards) (VP are (VP being (VP redeemed (NP *-1) (PP at (NP a heavier-than-normal rate)))))))))))) .)) (TOP (S (NP-SBJ One airline official) (VP said (SBAR 0 (S (NP-SBJ (NP (QP about three times as many) free-travel coupons) (PP *ICH*-1)) (VP are (VP being (VP turned (PRT in) (PP-1 as (PP-TMP in (NP previous years))) -- (ADVP not surprisingly) , (SBAR-PRP as (S (NP-SBJ the airlines) (NP-TMP last year) (VP allowed (S (NP-SBJ many travelers) (VP to (VP build (PRT up) (NP mileage) (PP at (NP triple the normal rate)))))))))))))) .)) (TOP (S (NP-SBJ Rising operating expenses) (VP are (NP-PRD another problem)) .)) (TOP (S (NP-SBJ Fuel costs) (VP were (ADVP-PRD up (NP 10 %)) (PP-TMP in (NP the third quarter))) .)) (TOP (S (NP-SBJ (NP Labor costs) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP leveled (ADVP-CLR off) (PP-TMP in (NP the past few years)) (PP-PRP because of (NP (NP lower pay scales) (PP for (NP newer employees))))))) ,) (VP are (PP-PRD on (NP the upswing)) (ADVP-TMP again) (PP-LOC at (NP many carriers))) .)) (TOP (S (S And (NP-SBJ some carriers) (VP are (VP facing (NP other unexpected headaches)))) : (S (NP-SBJ USAir) , (PP for (NP example)) , (VP blamed (NP (NP some) (PP of (NP its loss))) (PP-CLR (PP on (NP merger expenses)) and (PP on (NP (NP disruptions) (VP caused (NP *) (PP by (NP-LGS Hurricane Hugo)) (NP-TMP last month))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP can not (VP quantify (NP (NP the total adverse effects) (PP of (NP Hugo)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Edwin Colodny) , (NP (NP chairman and president) (PP of (NP USAir Group)))) .)) (TOP (S (SBAR-ADV (WHNP-1 Whatever) (S (NP-SBJ (NP the cause) (PP for (NP the downturn))) (NP-PRD *T*-1))) , (NP-SBJ few people) (VP are (VP predicting (NP any sudden improvement))) .)) (TOP (S (NP-SBJ (NP Airline Economics Inc.) , (NP an aviation consulting firm) ,) (VP is (VP projecting (NP (NP an industrywide operating profit) (PP of (NP (QP $ 2.5 billion) *U*)) (PP for (NP 1989)) , (PP compared (PP with (NP (NP earlier forecasts) (PP of (NP (QP $ 3 billion to $ 3.5 billion) *U*)))))))) .)) (TOP (S (PP As (PP for (NP 1990))) , (NP-SBJ the firm) (VP predicts (SBAR 0 (S (NP-SBJ that profit) (VP will (VP slip (PP-DIR to (NP (QP between $ 1 billion and $ 1.5 billion) *U*))))))) .)) (TOP (INTJ Good grief !)) (TOP (S (NP-SBJ Charlie Brown) (VP is (VP selling (PRT out))) .)) (TOP (S (NP-SBJ Those Metropolitan Life ads) (VP were (ADJP-PRD bad enough)) .)) (TOP (S (ADVP-TMP But now) , (NP-SBJ-1 Charlie Brown) (VP is (VP about (S (NP-SBJ-2 *-1) (VP to (VP start (S (NP-SBJ *-2) (VP pitching (NP (NP everything) (PP (PP from (NP Chex Party Mix)) (PP to (NP light bulbs))))))))))) .)) (TOP (SBARQ (WHADVP-1 Why) (SQ is (NP-SBJ he) (VP cashing (PRT in) (ADVP-TMP now) (ADVP-PRP *T*-1))) ?)) (TOP (S (NP-SBJ *) (VP Turns (PP out (SBAR that (S (S (NP-TMP next year) , (NP-SBJ (NP Charlie Brown) , (NP Snoopy) and (NP the gang)) (VP turn (NP-PRD 40))) -- and (S (NP-SBJ-1 (NP (NP Scripps Howard 's) United Media unit) , (NP (NP the (NX (NX syndicator) and (NX licensing agent))) (PP for (NP (NP Charles Schulz 's) comic strip))) ,) (VP sees (NP a bonanza) (PP-CLR in (S-NOM (NP-SBJ *-1) (VP licensing (NP the cartoon characters) (PP-CLR to (NP (NP a bevy) (PP of (NP advertisers)))) (PP-PRP for (NP ads , tie-ins and promotions))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Peanuts) (VP has (VP become (NP-PRD (NP a major part) (PP of (NP American culture)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Peter Shore) , (NP (NP (NP United Media 's) vice president) (PP of (NP marketing and licensing)))) .)) (TOP (S (NP-SBJ The comic strip) `` (VP has (NP (NP a magical , everlasting quality) (PP about (NP it)))) .)) (TOP (S (NP-SBJ Our plan) (VP is (S-PRD (NP-SBJ *) (VP to (VP honor (NP (NP Charles Schulz) and (NP the strip)) (ADVP-TMP (NP all year) long))))) . '')) (TOP (S (NP-SBJ The effort) (VP will (VP make (S (NP-SBJ the Peanuts gang) (NP-PRD (ADJP very familiar) pitchmen) (PP-TMP in (NP 1990))))) .)) (TOP (S (NP-SBJ-1 General Electric) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP use (NP the characters) (S-CLR (NP-SBJ *-2) (VP to (VP plug (NP its Miser light bulb)))))))) .)) (TOP (S (NP-SBJ Teleflora) (VP will (VP run (NP (NP TV ads) (VP *ICH*-1)) (PP-TMP at (NP (NP Valentine 's) Day)) (VP-1 promoting (NP its `` (NX-TTL (NP Snoopy 's) Love Bouquet))))) . '')) (TOP (S (NP-SBJ Ralston Purina) (VP will (VP promote (NP (NP (NP its Chex Party Mix 's) three new flavor packets) (VP named (NP *) (PP-CLR for (NP (NP Charlie Brown) , (NP Lucy) and (NP Linus))))))) .)) (TOP (S (NP-SBJ-1 The characters) (VP will (ADVP also) (VP be (VP featured (NP *-1) (PP-LOC in (NP (NP a new public service effort) (PP for (NP the United Way))))))) .)) (TOP (S (PP Beyond (NP the advertisements)) , (NP-SBJ the syndicator) (VP is (VP planning (NP (NP a traveling arena show) , (NP (NP new TV specials) (PP for (NP CBS))) and (NP (NP even an exhibit) (PP-LOC at (NP the Smithsonian Institute)))))) .)) (TOP (S (NP-SBJ-1 (NP The yearlong schedule) (PP of (NP festivities))) (VP will (VP be (VP kicked (NP *-1) (PRT off) (ADVP officially) (PP with (NP a combination (UCP live and animation) half-time special)) (PP-LOC at (NP the Super Bowl)) (PP-TMP in (NP January))))) .)) (TOP (S (NP-SBJ All the tie-ins) , (ADVP though) , (VP have (S (NP-SBJ some marketing experts) (VP questioning (SBAR whether (S (NP-SBJ the party) (VP may (VP go (ADVP-CLR too far)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP are (NP-PRD (NP (ADJP too many) people) (VP participating)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Al Ries) , (PP of (NP (NP Trout & Ries) , (NP a (NP (NP Greenwich) , (NP Conn.) ,) marketing consulting firm)))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ-1 you) (VP want (S (NP-SBJ *-1) (VP to (VP cut (PP-CLR through (NP the clutter)))))))) , (NP-SBJ-2 you) (VP have (S (NP-SBJ *-2) (VP to (VP make (S (NP-SBJ your message) (ADJP-PRD (ADJP as distinct , sharp and individual) (PP as (ADJP possible)))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Sharing (NP a character) (PP with (NP other advertisers)))) (VP is n't (NP-PRD (NP a way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP do (NP that) (ADVP-MNR *T*-1))))))) . '')) (TOP (S But (NP-SBJ United Media) (VP says (SBAR 0 (S (NP-SBJ it) (VP 's (ADJP-PRD very scrupulous) (PP with (NP (NP the contracts) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP hands (NP *T*-1) (PRT out)))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-3 We) (VP 're not (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *-3) (VP promoting (NP (NP every single product) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP comes (ADVP-CLR along))))))))))) , '' (NP-SBJ Mr. Shore) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ-1 Metropolitan Life ad executives) (VP could n't (VP be (VP reached (NP *-1) (PP about (NP (NP the use) (PP of (NP the Peanuts characters)) (PP by (NP others))))))) .)) (TOP (S But (NP-SBJ Mr. Shore) (VP says (SBAR 0 (S (NP-SBJ (NP that company 's) exclusive advertising rights) (VP extend (ADVP only) (PP-DIR to (NP the insurance and financial services category)))))) .)) (TOP (S-HLN (NP-SBJ Berry) (VP Rejoins (NP WPP Group)))) (TOP (S (NP-SBJ (NP Norman Berry) , (NP (NP the creative executive) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (ADVP apparently) (VP squeezed (PRT out) (PP-CLR of (NP Ogilvy & Mather)) (PP-TMP in (NP June))))))) ,) (VP is (VP returning (PP-DIR to (NP (NP (NP Ogilvy 's) parent company) , (NP WPP Group PLC))))) .)) (TOP (S (NP-SBJ-2 (NP Mr. Berry) , (NP 58) ,) (VP had (VP resigned (PP-TMP after (S-NOM (NP-SBJ-1 *-2) (VP being (VP asked (NP-3 *-1) (PP by (NP-LGS (NP (NP Ogilvy 's) (NX (NX chairman) and (NX chief executive officer))) , (NP Kenneth Roman) ,)) (S (NP-SBJ *-3) (VP (VP to (VP give (PRT up) (NP (NP his title) (PP as (NP (NP creative head) (PP of (NP the New York office))))))) and (VP to (VP take (NP a fuzzier international role))))))))))) .)) (TOP (S (NP-TMP Yesterday) , (SBAR-TMP (NP (QP just a) day) after (S (NP-SBJ Mr. Roman) (VP announced (SBAR 0 (S (NP-SBJ-1 he) (VP would (VP leave (S-PRP (NP-SBJ *-1) (VP to (VP take (NP (NP a top post) (PP-LOC at (NP American Express))))))))))))) , (NP-SBJ WPP) (VP said (SBAR 0 (S (NP-SBJ-2 Mr. Berry) (VP would (VP return (S-PRP (NP-SBJ *-2) (VP to (VP take (NP (NP an international role) (PP-LOC at (NP the parent company))))))))))) .)) (TOP (S (NP-SBJ Mr. Berry) (VP said (SBAR (SBAR 0 (S (NP-SBJ the timing) (VP was (NP-PRD a coincidence)))) and (SBAR that (S (NP-SBJ his decision) (VP was (ADJP-PRD unrelated (PP to (NP (NP Mr. Roman 's) departure)))))))) .)) (TOP (S-HLN (NP-SBJ RJR) (VP Taps (NP FCB/Leber)))) (TOP (S (NP-SBJ RJR Nabisco Inc.) (VP awarded (NP its national broadcast media-buying assignment) (PP-CLR to (NP (NP FCB/Leber Katz Partners) , (NP (NP the New York outpost) (PP of (NP Chicago-based Foote , Cone & Belding)))))) .)) (TOP (S (NP-SBJ (NP The naming) (PP of (NP FCB/Leber Katz Partners)) (PP as (NP (NP agency) (PP of (NP record)) (PP for (NP (NP Nabisco Brands Inc.) and (NP Planters LifeSavers Co.)))))) (VP follows (NP (NP (NP RJR Nabisco 's) announcement (SBAR *ICH*-1)) (NP-TMP last week) (SBAR-1 that (S (NP-SBJ-2 it) (VP will (VP (VP disband (NP its RJR Nabisco Broadcast division)) and (VP dismiss (NP its 14 employees)) (NP-TMP Dec. 1.) (S-PRP (NP-SBJ *-2) (VP to (VP cut (NP costs)))))))))) .)) (TOP (S (S (NP-SBJ (ADJP New York-based) (NP RJR Nabisco)) (VP would n't (VP say (SBAR-NOM (WHNP-1 what) (S (NP-SBJ it) (VP spends (NP *T*-1) (ADVP-TMP annually))))))) , but (S (NP-SBJ industry executives) (VP say (SBAR 0 (S (NP-SBJ it) (VP will (VP spend (NP (NP (QP more than $ 140 million) *U*) (ADVP *ICH*-2)) (NP-TMP this year) , (ADVP-2 down (PP from (NP (NP (QP about $ 200 million) *U*) (NP-TMP last year)))))))))) .)) (TOP (NP-HLN Ad Notes ... .)) (TOP (NP-HLN EARNINGS :)) (TOP (S (NP-SBJ (NP Interpublic Group) (PP of (NP Cos.))) (VP said (SBAR 0 (S (NP-SBJ third-quarter net) (VP rose (NP-EXT 15 %) (PP-DIR to (NP (NP (QP $ 6.9 million) *U*) , or (NP (NP 21 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 6 million) *U*) , or (NP (NP 18 cents) (NP-ADV a share)))) , (PP-TMP in (NP the year-earlier period)))))) .)) (TOP (S (NP-SBJ Revenue) (VP increased (NP (QP more than 5) %) (PP-DIR to (NP (QP $ 283.2 million) *U*)) (PP-DIR from (NP (QP $ 268.6 million) *U*))) .)) (TOP (NP-HLN HOLIDAY PROMOTION :)) (TOP (S (NP-SBJ PepsiCo Inc.) (VP will (VP give (ADVP-CLR away) (NP (NP 4,000 sets) (PP of (NP `` (NP-TTL Game Boy) , '' (NP (NP Nintendo 's) new hand-held video game)))) (PP in (NP (NP a two-month promotion) (VP scheduled (S (NP-SBJ *) (VP to (VP begin (NP-TMP Nov. 1))))))))) .)) (TOP (S (NP-SBJ Pepsi) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP spend (NP (QP $ 10 million) *U*) (S-CLR (NP-SBJ *-1) (VP advertising (NP the promotion)))))))) .)) (TOP (S (NP-SBJ-1 International Business Machines Corp.) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP a (ADJP 15 %) stake) (PP-LOC in (NP (NP Paxus Corp.) , (NP an Australian computer-software and information-services concern) ,))) (PP-CLR for (NP (NP (QP 20 million) Australian dollars) (PRN -LRB- (NP (QP US$ 17 million) *U*) -RRB-))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The investment) (VP will (VP be (VP made (NP *-1) (PP through (NP (NP IBM Australia Ltd.) , (NP (NP a unit) (PP of (NP IBM))))))))) , (NP-SBJ the two companies) (VP said (SBAR 0 (S *T*-2)) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ-1 IBM) (VP (VP can (VP raise (NP (NP its stake) (PP-LOC in (NP Paxus))) (PP-DIR to (NP 20 %)) (PP-TMP over (NP three years)))) , but (VP agreed (S (NP-SBJ *-1) (VP to not (VP go (PP-DIR beyond (NP 20 %)) (PP-TMP in (NP that time))))))) .)) (TOP (S (NP-SBJ Paxus) (VP said (PP-LOC in (NP a statement)) (SBAR 0 (S (NP-SBJ-1 it) (VP (VP has (NP (NP several `` (ADJP well developed) product and services relationships '') (PP with (NP the U.S. computer company)))) , and (VP plans (S (NP-SBJ *-1) (VP to (VP expand (NP these links))))))))) .)) (TOP (S (NP-SBJ The company) (VP (VP earns (NP (QP about half) its revenue) (ADVP-LOC overseas)) and (VP plans (NP further expansion))) .)) (TOP (S (NP-SBJ-1 (NP (NP A majority stake) (PP-LOC in (NP Paxus))) (VP (ADVP-TMP currently) held (NP *) (PP by (NP-LGS NZI Corp.)))) (VP will (VP be (VP diluted (NP *-1) (PP-CLR to (NP (QP slightly less than 50) %)) (PP-TMP after (S-NOM (NP-SBJ IBM) (VP acquires (NP its interest))))))) .)) (TOP (S (NP-SBJ The agreement) (VP requires (NP (NP approval) (PP (PP from (NP (NP Australia 's) (NX (NX Foreign Investment Review Board) and (NX National Companies and Securities Commission)))) , and (PP from (NP (NP shareholders) (PP of (NP Paxus))))))) .)) (TOP (S (NP-SBJ (NP Bond Corp . Holdings Ltd. 's) consolidated debt) (VP totals (NP (NP (QP 6.9 billion) Australian dollars) (PRN -LRB- (NP (QP US$ 5.32 billion) *U*) -RRB-) , (PP including (NP (NP (QP A$ 1.6 billion) *U*) (PP of (NP (NP bonds) (ADJP convertible (PP into (NP shares))))))))) .)) (TOP (S (NP-SBJ (NP Alan Bond) , (NP (NP (NP chairman) and (NP controlling shareholder)) (PP of (NP the cash-strapped Australian media , brewing , resources and property concern))) ,) (VP disclosed (NP the debt figures) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ The disclosure) (VP follows (NP (NP last Friday 's) news (SBAR that (S (NP-SBJ Bond Corp.) (VP incurred (NP (NP an overall loss) (PP of (NP (NP (QP A$ 980.2 million) *U*) (PP for (NP (NP the fiscal year) (VP ended (NP-TMP June 30)))) , (NP (NP the largest loss) (PP-LOC in (NP Australian corporate history))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The debt load) (VP would (VP have (VP been (ADJP-PRD higher) (PP but (PP for (NP (NP a reduction) (PP of (NP (QP A$ 5 billion) *U*)) (PP-TMP over (NP the past year)) (PP from (NP asset sales))))))))) , (NP-SBJ Mr. Bond) (VP said (SBAR 0 (S *T*-1)) (PP-LOC at (NP a business gathering))) .)) (TOP (S (NP-SBJ Mr. Bond) (VP indicated (SBAR 0 (S (NP-SBJ-1 (NP the consolidated debt figures) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP include (NP (NP debt) (PP of (NP (NP units) (PP such as (NP Bell Group Ltd.))))))))) , (VP will (VP be (VP published (NP *-1) (ADVP-TMP soon) (PP-LOC in (NP (NP Bond Corp. 's) 1989 annual accounts)))))))) .)) (TOP (S (NP-SBJ He) (VP (VP predicted (SBAR 0 (S (NP-SBJ-1 the debt) (VP will (VP be (VP reduced (NP *-1) (PP-EXT by (NP another (QP A$ 3.8 billion) *U*)) (NP-TMP (NP this fiscal year) (VP ending (NP-TMP June 30 , 1990))))))))) , but (VP did n't (VP explain (SBAR (WHADVP-3 how) (S (NP-SBJ-2 this) (VP will (VP be (VP achieved (NP *-2) (ADVP-MNR *T*-3))))))))) .)) (TOP (S (NP-SBJ Mr. Bond) (VP blamed (NP-2 (NP rising Australian interest rates) and (NP (NP the acquisition) (PP of (NP (NP Bell Group) `` (PP with (NP (NP its very high levels) (PP of (NP shortterm debt)))) '')))) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP producing (NP (NP a condition) `` (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (ADVP-TMP no longer) (ADJP-PRD sustainable))))))))) .)) (TOP (S-1 `` (SBAR-PRP In order (S (NP-SBJ *-2) (VP to (VP (VP restore (NP confidence)) and (VP ensure (NP (NP the support) (PP of (NP our principal lenders)))))))) (PRN , '' (S (NP-SBJ Mr. Bond) (VP said (S *T*-1))) ,) `` (NP-SBJ-2 we) (VP embarked (PP-CLR on (NP (NP fundamantal changes) (PP-LOC in (NP (NP the structure and direction) (PP of (NP the group))))))) . '')) (TOP (S (NP-SBJ That reassessment) (VP resulted (PP-CLR in (NP (NP continuing asset sales) , as well as (NP (NP write-offs) (VP exceeding (NP (QP A$ 1.1 billion) *U*) (NP-TMP last fiscal year)))))) .)) (TOP (S `` (S-TPC-1 (PP In (NP essence)) (NP-SBJ we) (VP have (VP made (NP a decision (S (NP-SBJ *) (VP to (VP clear (NP the decks)))))))) , '' (NP-SBJ Mr. Bond) (VP told (NP the meeting) (S *T*-1)) .)) (TOP (S (S-TPC-3 (SBAR-ADV While (S (NP-SBJ-2 some assets) (VP have (VP been (VP written (NP *-2) (PRT down)))))) , (NP-SBJ-1 others) (VP are (VP undervalued (NP *-1) (PP-LOC in (NP the accounts))))) , (NP-SBJ Mr. Bond) (VP maintained (SBAR 0 (S *T*-3))) .)) (TOP (S (SINV-TPC-2 (PP-LOC-PRD-TPC-1 Among (NP these)) (VP are (PP-LOC-PRD *T*-1)) (NP-SBJ (NP (NP the company 's) Australian brewing assets) , (PP-LOC in (NP the books) (PP at (NP (QP A$ 950 million) *U*))) but actually (ADJP worth (NP (QP A$ 2.5 billion) *U*)))) , (NP-SBJ he) (VP said (SBAR 0 (SINV *T*-2))) .)) (TOP (S (S-TPC-3 (S (NP-SBJ-2 (NP An investment) (PP in (NP (NP Chile 's) telephone company))) (VP is (UCP-PRD (VP carried (NP *-2) (PP at (NP-CLR (QP US$ 300 million) *U*))) but (ADVP really) (ADJP worth (NP (QP US$ 500 million) *U*))))) , and (S (NP-SBJ-1 (NP the company 's) property portfolio) (VP is (VP undervalued (NP *-1) (PP-EXT by (NP (QP at least A$ 250 million) *U*)))))) , (NP-SBJ Mr. Bond) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Mr. Bond) (VP forecast (SBAR that (S (PP-TMP by (NP next June)) , `` (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ *T*-1) (VP will (VP emerge)))) (VP will (VP be (NP-PRD (NP a company) (PP with (NP (NP (NP a honed sense) (PP of (NP purpose))) ... (NP a stable balance sheet))) , (PP with (NP (NP good-quality assets) (PP-LOC in (NP brewing , telecommunications , media and property)))))))))) . '')) (TOP (S (NP-SBJ He) (VP did n't (VP name (NP energy resources) (PP-LOC in (NP that list)) , (S-ADV (NP-SBJ *) (VP signaling (SBAR that (S (NP-SBJ all the company 's coal and oil interests) (VP might (VP be (PP-PRD for (NP sale)) (PP (PP in (NP total)) or (PP in (NP part))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Some) (PP of (NP the oil interests))) (ADVP-TMP already) (VP have (VP been (VP sold (NP *-1)))) .)) (TOP (S (NP-SBJ (NP Mercedes-Benz) (PP of (NP (NP North America Inc.) , (NP-LOC (NP Grosse Pointe Shores) , (NP Mich.)) ,))) (VP estimated (SBAR 0 (S (NP-SBJ it) (VP will (VP sell (NP (NP (ADJP about as many) cars) (PP *ICH*-3)) (PP-TMP in (NP 1990)) (PP-3 as (NP (NP the 75,000) (SBAR (WHNP-2 0) (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP deliver (NP *T*-2) (NP-TMP this year)))))))))))))) .)) (TOP (S (NP-SBJ Mercedes officials) (VP said (SBAR 0 (S (NP-SBJ they) (VP expect (NP flat sales) (NP-TMP next year) (SBAR-ADV even though (S (NP-SBJ they) (VP see (S (NP-SBJ the U.S. luxury-car market) (VP expanding (ADVP-EXT slightly)))))))))) .)) (TOP (S (NP-SBJ (NP Erich Krampe) , (NP (NP president) (PP of (NP (NP the U.S. sales arm) (PP of (NP (ADJP West German) auto maker Daimler Benz AG))))) ,) (VP predicted (SBAR 0 (S (NP-SBJ luxury-car sales) (VP will (VP rise (PP-DIR to (NP 840,000)) (PP-TMP in (NP 1990)) (PP-DIR from (NP 830,000) (NP-TMP this year)) (PP-PRP (ADVP primarily) because of (NP the new Japanese makes))))))) .)) (TOP (S-1 (NP-SBJ (NP Most) (PP of (NP the growth))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (VP will (VP come (PP-LOC in (NP (NP the (ADJP $ 35,000-to-$50,000 *U*) price range) , (SBAR (WHADVP-2 where) (S (NP-SBJ Mercedes) (VP has (NP a (ADJP 35 %) U.S. market share) (ADVP-LOC *T*-2)))))))) .)) (TOP (S (NP-SBJ Mercedes) (VP sold (NP 82,348 cars) (PP-TMP in (NP 1988))) .)) (TOP (S (NP-SBJ Mr. Krampe) (ADVP also) (VP said (SBAR that (S (S (NP-SBJ-1 Mercedes) (VP plans (S (NP-SBJ *-1) (VP to (VP bring (ADVP-CLR out) (NP new models) (NP-TMP every year) (PP-TMP through (NP the mid-1990s))))))) and (S (NP-SBJ-2 it) (VP will (VP shorten (NP its product development cycle) (PP-CLR to (NP eight years)) (PP-CLR from (NP (QP 10 or 12) years)) (S-PRP (NP-SBJ *-2) (VP to (VP compete (ADVP-MNR more effectively) (PP-CLR with (NP (NP (NP Toyota Motor Corp. 's) Lexus) , (NP (NP Nissan Motor Co. 's) Infiniti) and (NP (NP Honda Motor Co. 's) Acura luxury-car divisions)))))))))))) .)) (TOP (S (NP-SBJ (NP Homestake Mining Co.) , (NP-LOC San Francisco) ,) (VP blamed (NP (NP the continued slump) (PP-LOC in (NP gold prices))) (PP for (NP (NP an (ADJP 83 %) plunge) (PP-LOC in (NP third-quarter net income)) (PP (PP to (NP (NP (QP $ 2 million) *U*) , or (NP (NP two cents) (NP-ADV a share)))) , (PP from (NP (NP (NP (QP $ 11.2 million) *U*) , or (NP (NP 12 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 5 %) (PP-DIR to (NP (QP $ 110.4 million) *U*)) (PP-DIR from (NP (QP $ 105.4 million) *U*))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Homestake) (VP closed (PP-CLR at (NP (NP $ 15.25 *U*) , (ADVP down (NP 25 cents))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 (NP A significant increase) (PP-LOC in (NP gold sales)) (PP to (NP 248,279 ounces)) (PP for (NP the quarter)) (PP from (NP (NP 188,726) (PP-TMP in (NP (NP the third quarter) (PP of (NP 1988))))))) (VP was (VP (ADVP more than) offset (NP *-1) (PP by (NP-LGS (NP the continued decline) (PP-LOC in (NP average gold price realization)) (PP (PP to (NP (NP $ 367 *U*) (PP *RNR*-3))) (PP from (NP (NP $ 429 *U*) (PP *RNR*-3))) (PP-3 per (NP ounce)))))))) , '' (NP-SBJ the company) (VP said (S *T*-2)) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ the mining company) (VP posted (NP (NP a (ADJP 40 %) drop) (PP-LOC in (NP profit)) (PP (PP to (NP (NP (QP $ 30.1 million) *U*) , or (NP (NP 31 cents) (NP-ADV a share)))) , (PP from (NP (NP (QP $ 50.6 million) *U*) , or (NP (NP 52 cents) (NP-ADV a share)))))) , (PP on (NP (NP a (ADJP 6 %) rise) (PP-LOC in (NP revenue)) (PP (PP to (NP (QP $ 323.2 million) *U*)) (PP from (NP (QP $ 305.7 million) *U*)))))) .)) (TOP (S (NP-SBJ-1 The Treasury) (VP plans (S (NP-SBJ *-1) (VP to (VP raise (NP (NP (QP $ 1.8 billion) *U*) (PP in (NP new cash))) (PP with (NP (NP the sale) (NP-TMP Monday) (PP of (NP (NP (QP about $ 15.6 billion) *U*) (PP in (NP short-term bills)))) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP redeem (NP (NP (QP $ 13.81 billion) *U*) (PP in (NP maturing bills))))))))))))) .)) (TOP (S (NP-SBJ-1 The offering) (VP will (VP be (VP divided (NP *-1) (ADVP-MNR evenly) (PP-CLR between (NP (NP (ADJP 13-week and 26-week) bills) (VP maturing (NP-TMP (NP Feb. 1 , 1990) , and (NP May 3 , 1990) , (ADVP respectively)))))))) .)) (TOP (S (NP-SBJ-1 (NP Tenders) (PP for (NP the bills)) , (ADJP available (PP in (NP minimum (ADJP $ 10,000 *U*) denominations))) ,) (VP must (VP be (VP received (NP *-1) (PP-TMP by (NP 1 p.m. EST Monday)) (PP-LOC (PP at (NP the Treasury)) or (PP at (NP Federal Reserve banks or branches)))))) .)) (TOP (S (NP-SBJ The Treasury) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP alter (NP the auctions) (SBAR-ADV unless (S (NP-SBJ it) (VP has (NP (NP assurance) (PP of (NP (NP enactment) (PP of (NP (NP legislation) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP raise (NP the statutory debt limit) (PP-TMP before (NP (NP the scheduled auctions) (NP-TMP Monday))) (ADVP *T*-1)))))))))))))))))) .)) (TOP (S (NP-SBJ Apogee Enterprises Inc.) (VP said (SBAR 0 (S (NP-SBJ (NP profit) (PP for (NP (NP the third quarter) (VP ending (NP-TMP Dec. 2))))) (VP will (VP fall (PP-DIR below (NP the year-earlier results)) (PP-PRP because of (NP (NP an after-tax charge) (PP of (NP (QP $ 1.9 million) *U*)) (VP related (NP *) (PP-CLR to (NP (NP a project) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP was (VP guaranteed (NP *-1) (PP by (NP-LGS the company)))))))))))))))) .)) (TOP (S (ADVP-TMP (NP A year) ago) , (NP-SBJ the Minneapolis glass products and aluminum window maker) (VP earned (NP (NP (QP $ 4 million) *U*) , or (NP (NP 30 cents) (NP-ADV a share)) ,) (PP on (NP (NP revenue) (PP of (NP (QP $ 114 million) *U*))))) .)) (TOP (S (NP-SBJ Apogee) (VP said (SBAR 0 (S (NP-SBJ the charge) (VP stems (PP-DIR from (NP (NP a building supply contract) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ the company) (VP guaranteed (NP (NP a contractor 's) performance) (PP-LOC *T*-1)))))))))) .)) (TOP (S (NP-SBJ Apogee) (VP said (SBAR 0 (S (NP-SBJ-1 a subcontractor) (VP (VP had (NP severe cost overruns)) and (VP was (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP fulfill (NP the contract terms) (PP on (NP its own)))))) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ (NP it) (SBAR *EXP*-4)) (ADJP-PRD necessary) (SBAR-4 for (S (NP-SBJ-3 Apogee) (VP to (VP advance (NP cash) (S-PRP (NP-SBJ *-3) (VP to (VP ensure (NP (NP completion) (PP of (NP the project)))))))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (S (NP-SBJ its core businesses) (VP have (VP performed (ADVP-MNR well)))) and (S (NP-SBJ it) (VP expects (S (NP-SBJ-1 them) (VP to (VP continue (S (NP-SBJ *-1) (VP to (VP do (ADVP-MNR so)))) (PP-TMP in (NP (NP the remainder) (PP of (NP the fiscal year)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Japan 's) production) (PP of (NP cars , trucks and buses)) (PP-TMP in (NP September))) (VP fell (NP-EXT 4.1 %) (PP-DIR from (ADVP-TMP (NP a year) ago)) (PP-DIR to (NP 1,120,317 units)) (PP-PRP because of (NP (NP a slip) (PP in (NP exports)))))) , (NP-SBJ (NP the Japan Automobile Manufacturers ') Association) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ-2 Domestic demand) (VP continues (S (NP-SBJ *-2) (VP to (VP grow))))) , but (S (NP-SBJ-1 (NP its contribution) (PP to (NP higher production))) (VP was (VP sapped (NP *-1) (PP-TMP in (NP September)) (PP by (NP-LGS (NP (NP the estimated (ADJP 2 %) fall) (PP in (NP imports))) , (VP accompanied (NP *) (PP-CLR by (NP a growing tendency (SBAR for (S (NP-SBJ Japanese manufacturers) (VP to (VP build (NP vehicles) (ADVP-LOC overseas))))))))))))) , (PP according (PP to (NP the association))) .)) (TOP (S (NP-SBJ The association) (VP said (SBAR 0 (S (NP-SBJ domestic demand) (VP grew (NP-ADV 8.8 %) (PP-TMP in (NP September)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Demand) (VP has (VP been (VP growing (ADVP-MNR consistently) (PP-LOC under (NP (NP the encouragement) (PP of (NP pro-consumption government policies)))))))) , (NP-SBJ an association spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ (NP the introduction) (PP of (NP a (ADJP 3 %) consumption tax)) (PP-TMP in (NP April))) (VP has (VP helped (NP sales)))))) .)) (TOP (S (NP-SBJ (NP The new tax) , (FRAG though (NP (NP a source) (PP of (NP (NP general resentment) (PP-LOC among (NP Japanese taxpayers))))))) , (VP replaced (NP (NP a higher commodities tax) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP applied (PP-CLR to (NP automobiles))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Japanese domestic motor-vehicle sales) (VP rose (NP-EXT 12 %) (PP-TMP in (NP September)))) , (NP-SBJ (NP the Japan Automobile Dealers ') Association) (VP said (SBAR 0 (S *T*-1)) (ADVP-TMP earlier (NP this month))) .)) (TOP (S (NP-SBJ (NP The manufacturers ') association) (VP will (VP issue (NP (NP statistics) (PP on (NP vehicle exports))) (ADVP-TMP later (NP this month)))) .)) (TOP (S (NP-SBJ (NP Production) (PP of (NP cars))) (VP rose (PP-DIR to (NP 801,835 units) (PP-TMP in (NP September))) , (NP-ADV (NP a (ADJP 5.5 %) increase) (PP from (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ-1 Midsized cars) (VP accounted (PP-CLR for (NP (NP the greatest growth) (PP in (NP units)))) , (S-ADV (NP-SBJ *-1) (VP rising (NP-EXT 62,872 units) (PP-DIR to (NP (NP 134,550 units) , or (NP 88 %)))))) .)) (TOP (S (NP-SBJ Minicar output) (VP (ADVP more than) tripled) .)) (TOP (S (NP-SBJ Manufacturers) (VP produced (NP (NP (NP 46,835) (PP of (NP (NP the vehicles) -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (NP (NP engines) (PP of (NP (NP 500 cubic centimeters) or (NP less))))))) --))) (NP (NP an increase) (PP of (NP 31,777 units))))) .)) (TOP (S (NP-SBJ Total truck production) (VP fell (NP-EXT 22 %) (PP-DIR from (ADVP-TMP (NP a year) earlier)) (PP-DIR to (NP 315,546 units))) .)) (TOP (S (NP-SBJ Minitruck production) (VP fell (NP-EXT 13 %) (PP-DIR to (NP 94,243 units))) .)) (TOP (S (NP-SBJ Bus production) (ADVP also) (VP slipped , (PP-EXT by (NP 49 %)) (PP-DIR from (ADVP-TMP (NP a year) earlier)) (PP-DIR to (NP 2,936 units))) .)) (TOP (S (NP-SBJ The association spokesman) (VP (VP said (SBAR 0 (S (NP-SBJ bus production) (VP has (VP declined (PP-TMP since (NP January))))))) , but (VP could n't (VP offer (NP an explanation) (PP-CLR for (NP the fall))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Auto production) (PP for (NP (NP the first half) (PP of (NP (NP the fiscal year) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP began (PP-TMP in (NP August))))) ,))))) (VP totaled (NP 6,379,884 units))) , (NP-SBJ the association) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Half-year production) (VP was (ADVP-PRD up (NP 3.4 %)) (PP compared (PP with (NP (NP the same period) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ (NP Stock) (PP of (NP (NP United Airlines parent) (NP UAL Corp.)))) (VP gyrated (ADVP-MNR wildly) (NP-TMP yesterday) (PP-LOC amid (NP speculation (SBAR that (S (NP-SBJ one or more investors) (VP may (VP challenge (NP (NP the UAL board 's) decision (S (NP-SBJ-1 *) (VP to (VP remain (ADJP-PRD independent) (PP instead of (S-NOM (NP-SBJ *-1) (VP pursuing (NP (NP a buy-out) or (NP other transaction)))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP The board 's) decision) , (VP announced (NP *) (SBAR-TMP after (S (NP-SBJ the market) (VP closed (NP-TMP Monday))))) ,) (ADVP-TMP initially) (VP prompted (NP (NP a severe sell-off) (PP in (NP (NP UAL shares) , (SBAR (WHNP-1 which) (S (PP-TMP at (NP midday)) (NP-SBJ *T*-1) (VP traded (ADVP-CLR as low (PP as (NP (NP $ 145 *U*) (NP-ADV a share)))) , (ADVP-CLR down (NP (NP $ 33 *U*) (NP-ADV a share))) , (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange))))))))))) .)) (TOP (S (NP-SBJ (NP The deepening bloodbath) (PP for (NP (NP takeover-stock traders) , (SBAR (WHNP-2 who) (S (ADVP by then) (NP-SBJ *T*-2) (VP had (VP seen (S (NP-SBJ UAL stock) (VP tumble (NP-EXT 49 %) (PP-TMP since (NP Oct. 12)))))))) ,))) (ADVP also) (VP triggered (NP (NP a marketwide sell-off) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP sent (S (NP-SBJ the Dow Jones Industrial Average) (ADVP-PRD down (NP (QP more than 80) points))) (PP-TMP at (NP 10:40 a.m))))))) .)) (TOP (S But (ADVP then) (NP-SBJ (NP (ADJP steady , concentrated) buying) (PP by (NP (NP Bear , Stearns & Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP frequently) (VP buys (NP stock) (PP-BNF for (NP corporate raiders))))) ,))) (VP (VP (VP took (NP hold)) and (VP steadied (NP (NP the fall) (PP in (NP UAL))))) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (ADVP-TMP eventually) (VP buoyed (NP the entire market))))) .)) (TOP (S (NP-SBJ The industrial average) (VP closed (ADVP-CLR down (NP (QP only 3.69) points)) (PP-CLR at (NP 2659.22))) .)) (TOP (S (ADVP-TMP Late (PP in (NP the afternoon))) , (NP-SBJ (NP several big purchases) (PP by (NP Bear , Stearns)) , (NP (NP particularly a block) (PP of (NP 200,000 shares)) (PP-TMP at (NP 2:43 p.m.)) (PP-LOC at (NP (NP $ 150 *U*) (NP-ADV a share)))) ,) (VP triggered (NP (NP a buying spree) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP took (S (NP-SBJ UAL) (ADVP-PRD up (NP (QP more than 18) points))) (PP-TMP in (NP (NP the final hour) (PP of (NP trading))))))))) .)) (TOP (S (NP-SBJ UAL stock) (VP closed (PP-CLR at (NP (NP $ 170 *U*) (NP-ADV a share))) , (ADVP-CLR down (NP $ 8.375 *U*))) .)) (TOP (S (NP-SBJ Volume) (VP was (NP-PRD (NP a tumultuous (QP 4.9 million) shares) , or (NP (NP 22 %) (PP of (NP (NP the (QP 21.8 million) UAL shares) (ADJP outstanding)))))) .)) (TOP (S (NP-SBJ Traders) (VP estimated (SBAR that (S (NP-SBJ Bear , Stearns) (VP bought (NP (QP more than 1 million) shares))))) .)) (TOP (S (NP-SBJ (NP The two (ADJP (ADVP most frequently) rumored) buyers) , (SBAR (WHNP-1 neither (WHPP of (WHNP whom))) (S (NP-SBJ *T*-1) (VP would (VP comment)))) ,) (VP were (NP-PRD (NP (NP Coniston Partners) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP battled (NP the UAL board) (PP-TMP in (NP 1987))))) ,) and (NP (NP (NP New York real estate developer) (NP Donald Trump)) , (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (ADVP-TMP recently) (VP made and withdrew (NP (NP an offer) (PP for (NP (NP American Airlines parent) (NP AMR Corp)))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP one person) (ADJP familiar (PP with (NP UAL)))) (VP said (SBAR 0 (S (NP-SBJ the signs) (VP pointed (PP-CLR to (NP Coniston)) (SBAR-PRP because (S (NP-SBJ Mr. Trump) (VP has n't (VP asked (PP-CLR for (NP permission (S (NP-SBJ *) (VP to (VP buy (NP (NP (QP more than $ 15 million) *U*) (PP of (NP stock)))))))) (PP-LOC under (NP federal antitrust rules)))))))))) .)) (TOP (S (NP-SBJ (NP Takeover-stock traders) , (VP stung (NP *) (PP by (NP-LGS (NP their huge losses) (PP-LOC in (NP UAL stock))))) ,) (VP remained (ADJP-PRD eager (PP for (NP (NP some action) (PP by (NP an outside catalyst))))) (PP-TMP following (NP (NP the collapse) (NP-TMP Oct. 13) (PP of (NP a (ADJP $ 300-a-share , (QP $ 6.79 billion) *U*) labor-management buy-out ))))) .)) (TOP (S (NP-SBJ Their hope) (VP was (SBAR-PRD that (S (NP-SBJ-1 the catalyst) (VP would (VP seek (S (NP-SBJ *-1) (VP to (VP oust (NP the board)))) (PP in (NP (NP a solicitation) (PP of (NP shareholder consents))))))))) .)) (TOP (S (NP-SBJ (NP Baker , Nye Investments) , (NP (NP a New York takeover-stock trader) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP owns (NP UAL stock))))) ,) (VP would n't (VP comment (PP-CLR on (NP reports (SBAR 0 (S (NP-SBJ-2 the firm) (VP is (VP considering (S (NP-SBJ *-2) (VP seeking (NP such a shareholder vote))))))))))) .)) (TOP (S But (NP-SBJ partner Richard Nye) (VP said , `` (S (NP-SBJ This) (VP is (NP-PRD (NP the (ADJP most extraordinary) failed transaction) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP 've (VP seen (NP *T*-1) (PP-TMP in (NP (NP 25 years) (PP-LOC in (NP this business)))))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP would (VP make (NP sense) (SBAR-1 for (S (NP-SBJ somebody) (VP to (VP do (NP it))))))) .)) (TOP (S (NP-SBJ I) (VP have (ADVP-TMP never) (VP seen (NP (NP a case) (PP of (NP (NP incompetence) (VP shared (NP *) (PP by (NP-LGS so many participants)))))))) . '')) (TOP (S (PP-TMP In (NP 1986)) , (NP-SBJ Baker , Nye) (VP waged (NP (NP a proxy fight) (PP for (NP (NP control) (PP of (NP Leaseway Transportation Inc.)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP ultimately) (VP led (PP-CLR to (S-NOM (NP-SBJ-2 (NP Leaseway 's)) (VP being (VP sold (NP *-2)))))))))) .)) (TOP (S (NP-SBJ Some traders) (VP pointed (ADVP-MNR hopefully) (PP-CLR to (NP (NP earlier estimates) (PP by (NP (NP (NP UAL 's) investment adviser) , (NP First Boston Corp.) ,)) (SBAR that (S (NP-SBJ recapitalizations) (VP could (VP yield (NP-EXT (NP (QP $ 245 to $ 280) *U*) (NP-ADV a share))))))))) .)) (TOP (S But (NP-SBJ those) (VP would (VP require (NP (NP pilots ') cooperation))) .)) (TOP (S (NP-SBJ (NP Any investor) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP acquires (NP UAL stock) (PP-MNR in (NP an attempt (S (NP-SBJ *) (VP to (VP force (NP a buy-out or recapitalization)))))))))) (VP must (VP deal (PP-CLR with (NP (NP United 's) contentious unions)))) .)) (TOP (S (S (NP-SBJ The pilots) (VP are (VP working (PP-LOC under (NP an expired contract))))) , and (S (NP-SBJ the machinists contract) (VP expires (NP-TMP next month))) .)) (TOP (S (NP-SBJ That) (VP gives (NP them) (NP (NP enormous leverage) , (PP including (NP (NP the threat) (PP of (NP (NP a strike) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP block (NP (NP any buy-out or recapitalization attempt) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP oppose (NP *T*-1))))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP a catalyst) (PP like (NP Coniston))) (VP could (VP seek (NP (NP shareholder support) (PP for (NP (NP a sale) (PP to (NP a labor-management group)) (PP-LOC at (NP (NP the last price) (VP discussed (NP *) (PP by (NP-LGS that group)))))))) (PP-TMP before (NP (NP the board meeting) (NP-TMP Monday))))) .)) (TOP (S (NP-SBJ The pilots) (VP had (VP been (VP working (PP-CLR on (NP (NP a buy-out bid) (PP between (NP (NP (NP (QP $ 225 and $ 240) *U*) (NP-ADV a share)) , or (NP (QP $ 5.09 billion to $ 5.42 billion) *U*)))))))) .)) (TOP (S (NP-SBJ (NP One person) (ADJP familiar (PP with (NP UAL)))) (VP said (SBAR 0 (S (NP-SBJ (NP the unsettled labor situation) and (NP the uncertain world-wide financial markets)) (VP contributed (PP-CLR to (NP (NP the board 's) decision (S (NP-SBJ-1 *) (VP to (VP avoid `` (S (NP-SBJ *-1) (VP (VP rushing (ADVP around)) (VP selling (NP the company) (PP-CLR at (NP a bargain price)))))))))) , '' (SBAR-PRP (ADVP particularly) since (S (NP-SBJ it) (VP accepted (NP a (ADJP $ 300-a-share *U*) offer ) (NP-TMP just last month)))))))) .)) (TOP (S (NP-SBJ Even some takeover-stock traders) (VP said (SBAR 0 (S (NP-SBJ they) (VP could n't (VP quarrel (PP-CLR with (NP (NP the board 's) logic))))))) .)) (TOP (S But (NP-SBJ (NP the board 's) decision) (VP prompted (S (NP-SBJ many) (VP to (VP bail (PP-CLR out (PP of (NP the stock))) (NP-TMP yesterday))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ We) (VP had (NP (NP (NP a lot) (PP of (NP people))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP threw (PRT in) (NP the towel) (NP-TMP today))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Earl Ellis) , (NP (NP a partner) (PP-LOC in (NP (NP Benjamin Jacobson & Sons) , (NP (NP a specialist) (PP in (S-NOM (NP-SBJ *) (VP trading (NP UAL stock) (PP-LOC on (NP the Big Board)))))))))) .)) (TOP (S (NP-SBJ Another trader) (VP noted (SBAR that (S (NP-SBJ-1 many arbitrage firms) (VP (VP are (ADJP-PRD afraid (S (NP-SBJ *-1) (VP to (VP sell (NP their UAL stock) (PP-CLR at (NP the bottom))))))) , but (VP (ADVP already) own (NP (NP so much) (SBAR 0 (S (NP-SBJ they) (VP ca n't (VP buy (NP any more))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This deal) (VP is (PP-PRD like (NP a Roach Motel)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (S (NP-SBJ They) (VP check (PRT in))) , but (S (NP-SBJ they) (VP ca n't (VP check (PRT out)))) . '')) (TOP (S But (NP-SBJ both (NP the traders) and (NP the pilots)) (VP remain (ADJP-PRD interested (PP in (NP some transaction)))) .)) (TOP (SINV (ADJP-PRD-TPC-1 So (ADVP too)) , (PP according (PP to (NP many reports))) , (VP is (ADJP-PRD *T*-1)) (NP-SBJ British Airways PLC) , (PP despite (NP (NP its public withdrawal) (PP from (NP the buy-out)))) .)) (TOP (S (NP-SBJ-1 The pilots) (VP might (VP end (PRT up) (S (NP-SBJ *-1) (VP teaming (PRT up) (PP-CLR with (NP (NP their longtime adversaries) , (NP the machinists union) ,)) (PP-LOC in (NP a recapitalization)))))) .)) (TOP (S (NP-SBJ The machinists) (VP are (VP reviewing (NP (NP proposals) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP made (NP *T*-2) (PP-TMP in (NP the past))))) (PP for (NP recapitalizations)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP (VP pay (NP a special shareholder dividend)) and (VP give (NP employees) (NP a minority stake))))))))) .)) (TOP (S (NP-SBJ The company) (VP rejected (NP those past proposals)) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADJP-PRD unclear) , (ADVP however) , (SBAR-1 if (S (NP-SBJ the machinists) (VP would (VP support (NP a majority stake) , (SBAR-ADV as (S (NP-SBJ the pilots) (VP want (S *?*))))))))) .)) (TOP (S (NP-SBJ A machinist official) (VP said (SBAR 0 (S (NP-SBJ that) (VP would (VP depend (PP-CLR on (SBAR-NOM (WHNP-2 (WHNP how much) (PP in (NP concessions))) (S (NP-SBJ-1 machinists) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP give (NP *T*-2) (PP in (NP (NP return) (PP for (NP the majority stake))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Some investors) (SBAR (WHNP-2 whose names) (S (NP-SBJ-1 *T*-2) (VP were (VP bandied (NP *-1) (ADVP about) (PP by (NP-LGS traders)) (PP-CLR as (NP potential UAL stock buyers))))))) (VP said (SBAR 0 (S (NP-SBJ they) (VP were n't (VP buying))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP 'm not (VP interested))) , '' (VP said (S *T*-1)) (NP-SBJ Dallas investor Harold Simmons) .)) (TOP (S (NP-SBJ (NP A source) (ADJP close (PP to (NP (NP Carl Icahn) , (NP (NP a corporate raider) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP owns (NP Trans World Airlines Inc.))))) ,)))) (VP said (SBAR 0 (S (NP-SBJ he) (VP (VP has n't (VP owned (NP any UAL stock))) and (VP is n't (VP buying)))))) .)) (TOP (S (NP-SBJ (NP One person) (ADJP familiar (PP with (NP Texas billionaire Robert Bass)))) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP make (NP any hostile moves))))))))) .)) (TOP (S And (NP-SBJ (NP a spokesman) (PP for (NP (NP Reliance Group Holdings Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP had (VP held (NP (NP 7 %) (PP of (NP UAL))) (PP-TMP before (NP the first buy-out bid)))) but (VP (ADVP-TMP later) reduced (NP its holdings) (PP-DIR below (NP 5 %)))))) ,))) (VP would n't (VP comment)) .)) (TOP (S (NP-SBJ-1 (NP Marvin Davis) , (SBAR (WHNP-2 whose (NP (ADJP (QP $ 5.4 billion) *U*) takeover bid)) (S (NP-SBJ *T*-2) (ADVP originally) (VP put (NP (NP the nation 's) second-largest airline) (PP-PUT in (NP play))))) ,) (VP is (VP limited (NP *-1) (PP by (NP-LGS (NP a standstill agreement) (PP with (NP UAL)) (SBAR (WHNP-3 0) (S (NP-SBJ he) (VP signed (NP *T*-3) (PP-TMP in (NP September))))))))) .)) (TOP (S (NP-SBJ The Los Angeles investor) (VP ca n't (VP (VP buy (NP UAL stock)) , (VP solicit (NP shareholder consents)) or (VP make (NP a new offer)) (SBAR-ADV unless (S (S (NP-SBJ he) (VP makes (NP (NP a formal offer) (PP of (NP (NP $ 300 *U*) (NP-ADV a share)))))) or (S (NP-SBJ UAL) (VP accepts (NP (NP an offer) (PP-LOC below (NP $ 300 *U*))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ-1 Mr. Davis) (VP could (VP pressure (NP the board) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP (VP asking (SBAR that (S (NP-SBJ-3 the agreement) (VP be (VP waived (NP *-3)))))) , or (VP letting (S (NP-SBJ-4 (NP it) (SBAR *EXP*-2)) (VP be (VP known (NP *-4) (SBAR-2 that (S (NP-SBJ he) (VP has (NP (NP financing) (PP for (NP (NP an offer) (PP-LOC at (NP a lower price))))))))))))))))) .)) (TOP (S (NP-SBJ Times Mirror Co.) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP fell (NP-EXT 13 %) (PP-DIR to (NP (NP (NP (QP $ 70.1 million) *U*) , or (NP (NP 54 cents) (NP-ADV a share))) , (PP compared (PP with (NP (NP net income) (PP of (NP (NP (QP $ 81 million) *U*) , or (NP (NP 62 cents) (NP-ADV a share)) ,)) (ADVP-TMP (NP a year) earlier)))))))))) .)) (TOP (S (NP-SBJ The Los Angeles media concern) (VP said (SBAR that (S (NP-SBJ the year-ago period) (VP included (NP (NP a (ADJP (QP $ 26.5 million) *U*) gain) (PP from (NP (NP the sale) (PP of (NP (NP assets) , (NP primarily timberlands)))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP was (NP-PRD (QP $ 873.9 million) *U*) , (ADVP-CLR up (NP 7.3 %) (PP from (NP (QP $ 814.8 million) *U*)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Stronger results) (PP from (NP (NP (NP the company 's) broadcast and cable television units) and (NP professional and textbook publishing divisions)))) , plus (NP (NP increased advertising) (PP-LOC at (NP (NP (NP the company 's) largest newspaper) , (NP the Los Angeles Times) ,)))) (VP offset (NP (NP advertising declines) (PP-LOC in (NP (NP (NP the company 's) newspapers) (PP-LOC in (NP the Eastern U.S.))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-1 (S-ADV (NP-SBJ *) (VP Looking (ADVP ahead) (PP-DIR to (NP the fourth quarter)))) , (NP-SBJ (NP the outlook) (PP for (NP the newspaper group))) (VP remains (ADJP-PRD guarded) , (PP with (NP (NP no improvement) (VP (ADVP yet) seen (NP *) (PP-LOC in (NP (NP operating trends) (PP-LOC in (NP our Eastern markets))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Robert F. Erburu) , (NP (NP Times Mirror 's) chairman and chief executive)) .)) (TOP (S (NP-SBJ-1 Copper futures) (VP sold (PRT off) (ADVP-MNR sharply) (NP-TMP yesterday) , (S-ADV (NP-SBJ-2 *-1) (VP influenced (NP *-2) (PP by (NP-LGS (NP (NP declines) (PP-LOC in (NP the stock market and dollar))) , and (NP (NP a rally) (PP-LOC in (NP bonds)))))))) .)) (TOP (S (NP-SBJ-1 December copper) (VP (VP opened (PP-LOC near (NP (NP Monday 's) close))) , (VP tried (S (NP-SBJ *-1) (VP to (VP rally)))) but (VP failed) , and then (VP triggered (NP stop-loss orders) (PP-LOC on (NP its way down)) (S-ADV (NP-SBJ *-1) (VP to (VP settle (PP-CLR at (NP (NP $ 1.1510 *U*) (NP-ADV a pound))) , (ADVP-CLR off (NP 4.50 cents) (PP-TMP for (NP the day)))))))) .)) (TOP (S (NP-SBJ-1 Stop-loss orders) (VP are (VP placed (NP *-1) (ADVP previously) (PP-CLR with (NP instructions)) (S-PRP (NP-SBJ *) (VP to (VP execute (NP them) (SBAR-ADV if (S (NP-SBJ the market) (VP hits (NP a predetermined price))))))))) .)) (TOP (S (NP-SBJ (NP William Kaiser) , (NP (NP president) (PP of (NP (NP the Kaiser Financial Group) (PP-LOC in (NP Chicago))))) ,) (VP said (SBAR 0 (S (NP-SBJ-2 the decline) (VP was (ADVP almost certainly) (VP influenced (NP *-2) (PP by (NP-LGS (NP the early sell-off) (PP in (NP the stock market)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (ADVP partly) reflected (NP a weakening economy))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP the recent decline) (PP-LOC in (NP copper stocks))) (VP was (ADJP-PRD misleading) (PP-LOC in (NP (NP the face) (PP of (NP (NP a slowdown) (PP-LOC in (NP manufacturing)))))))))) .)) (TOP (S (NP-SBJ Mr. Kaiser) (VP said (SBAR 0 (S (NP-SBJ traders) (VP could (VP have (VP picked (PRT up) (NP (NP signals) (PP of (NP an imminent price decline))) (SBAR-ADV (SINV had (NP-SBJ they) (VP been (VP watching (NP (NP the scrap metal markets) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP became (ADJP-PRD noticeably weaker) (ADVP-TMP (NP (QP two to three) weeks) ago))))))))))))))) .)) (TOP (S But (SBAR-ADV though (S (NP-SBJ a weakening economy) (VP implies (NP reduced demand)))) , (NP-SBJ Mr. Kaiser) (VP said (SBAR that (S (NP-SBJ Third World copper-producing countries) (VP have n't (NP (NP any choice) (FRAG but (S (NP-SBJ *) (VP to (VP sell (NP copper)))))))))) .)) (TOP (S-1 (NP-SBJ They) (VP might (ADVP even) (VP step (PRT up) (NP (NP sales) (PP-LOC in (NP a falling market))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (PP in (NP an effort (S (NP-SBJ *) (VP to (VP maintain (NP (NP the flow) (PP of (NP foreign exchange)) (PP-DIR into (NP their treasuries)))))))))) .)) (TOP (S (NP-ADV Technically) , (NP-SBJ Mr. Kaiser) (VP noted (SBAR that (S (NP-SBJ-2 (NP a lot) (PP of (NP traders))) (VP had (VP bought (PP-CLR into (NP the market)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the price) (VP was (PP-LOC-PRD in (NP the (NP (QP $ 1.24 to $ 1.26) *U*) range)) (ADVP-TMP *T*-1)))) , (S-ADV (NP-SBJ *-2) (VP thinking (SBAR 0 (S (NP-SBJ there) (VP was (NP-PRD support) (PP-LOC at (NP the (ADJP $ 1.20 *U*) level)))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the market) (VP (VP fell (PP-DIR below (NP that level)) (PP-TMP on (NP Monday))) and (VP (ADVP-TMP then) (NP-TMP yesterday) (VP could n't (VP climb (PP-DIR above (NP that level))))) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 traders) (VP started (S (NP-SBJ *-2) (VP selling (PRT out) (NP their positions)))) .)) (TOP (S (NP-SBJ (NP Betty Raptopoulos) , (NP (NP senior metals analyst) (PP-LOC at (NP (NP Prudential-Bache Securities) (PP-LOC in (NP New York))))) ,) (VP agreed (SBAR that (S (NP-SBJ (NP most) (PP of (NP the selling))) (VP was (PP-PRD of (NP a technical nature)))))) .)) (TOP (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ the market) (VP hit (NP (NP the (ADJP $ 1.18 *U*) level) (SBAR *ICH*-1)) (PP-TMP at (NP around 10 a.m. EDT)) (SBAR-1 (WHADVP-2 where) (S (NP-SBJ it) (VP encountered (NP (NP a large number) (PP of (NP stop-loss orders))) (ADVP-LOC *T*-2)))))))) .)) (TOP (S (NP-SBJ-1 More stop-loss orders) (VP were (VP touched (NP *-1) (PRT off) (PP (NP-EXT all the way) down (PP to (PP below (NP (NP $ 1.14 *U*) , (SBAR (WHADVP-3 where) (S (NP-SBJ-2 modest buying) (VP was (VP attracted (NP *-2) (ADVP-LOC *T*-3))))))))))) .)) (TOP (S (NP-SBJ Ms. Raptopoulos) (VP said (SBAR 0 (S (NP-SBJ (NP the settling) (PP of (NP strikes)) (PP-LOC in (NP Canada and Mexico))) (VP will (VP have (NP (NP little effect) (PP on (NP (NP supplies) (PP of (NP copper))))) (PP-TMP until (ADVP early (NP next year)))))))) .)) (TOP (S (NP-SBJ She) (VP thinks (SBAR 0 (S (NP-SBJ (NP the next area) (PP of (NP (NP support) (PP for (NP copper))))) (VP is (PP-LOC-PRD in (NP the (NP (QP $ 1.09 to $ 1.10) *U*) range)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP believe (SBAR that (S (SBAR-TMP as soon as (S (NP-SBJ the selling) (VP abates (ADVP somewhat)))) (NP-SBJ we) (VP could (VP see (NP (NP a rally) (ADVP back (PP to (NP the (ADJP $ 1.20 *U*) region)))))))))) , '' (NP-SBJ she) (VP added (S *T*-1)) .)) (TOP (S (NP-SBJ She) (VP thinks (SBAR 0 (S (NP-SBJ (NP a recovery) (PP-LOC in (NP the stock market))) (VP would (VP help (S (NP-SBJ copper) (VP rebound)) (ADVP as well)))))) .)) (TOP (S (NP-SBJ She) (VP noted (SBAR that (S (NP-SBJ-1 (NP the preliminary estimate) (PP of (NP the third-quarter gross national product))) (VP (VP is (ADJP-PRD due (PP out)) (NP-TMP tomorrow)) and (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP be (ADVP-PRD up (NP (QP about 2.5) %) (PP-DIR to (NP 3 %)))))))))))) .)) (TOP (S `` (S-TPC-1 (S (SBAR-ADV If (S (NP-SBJ the number) (VP is (ADJP-PRD (NP a little) better)))) , (ADVP then) (NP-SBJ copper) (VP will (VP respond (ADVP-MNR positively)))) , (S (SBAR-ADV if (S (NP-SBJ it) (VP is (ADJP-PRD worse)))) (ADVP then) (NP-SBJ more selling) (VP could (VP ensue)))) , '' (NP-SBJ she) (VP predicted (S *T*-1)) .)) (TOP (S (NP-SBJ Ms. Raptopoulos) (VP noted (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP relating (NP economic numbers) (PP-CLR to (NP specific market activity)))) (VP is (ADJP-PRD tricky))))) .)) (TOP (S (S-TPC-1 (NP-TMP Yesterday) , (PP for (NP example)) , `` (S (NP-SBJ the durable goods numbers) (VP came (PRT out) (PP-TMP for (NP September)))) and (S (NP-SBJ the number) (VP was (ADVP-PRD down (NP (QP only 0.1) %)))) , '') (NP-SBJ she) (VP said (S *T*-1)) .)) (TOP (S `` (ADVP However) , (SBAR-ADV if (S (NP-SBJ you) (VP exclude (NP defense-related orders)))) (ADVP then) (NP-SBJ durable goods) (VP were (ADVP-PRD down (NP 3.9 %))) .)) (TOP (S (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ that number) (VP reflects (NP a slowing economy))))) . '')) (TOP (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ copper traders) (VP will (ADVP also) (VP be (VP looking (PP-CLR toward (NP (NP the release) (PP of (NP (NP the index) (PP of (NP leading economic indicators)))) (NP-TMP next Tuesday))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP David Threlkeld) , (NP (NP president) (PP of (NP (NP Threlkeld & Co.) , (NP an international metals company) ,)))) (VP noted (SBAR (SBAR that (S (NP-TMP (ADVP so far) this year) (NP-SBJ copper consumption) (VP is (ADVP-PRD way ahead (PP of (NP (NP the same period) (PP of (NP 1988)))))))) , and (SBAR that (S (NP-SBJ projected production) (VP is (PP-PRD below (NP last year))))))) .)) (TOP (S (NP-SBJ Mr. Threlkeld) (VP said (SBAR 0 (S (NP-SBJ-1 the copper market) (VP seems (S (NP-SBJ *-1) (VP to (VP be (VP anticipating (NP (NP a recession) (PP-TMP in (NP three months))) , (PP with (S-NOM (NP-SBJ declining use) (VP being (NP-PRD the result)))))))))))) .)) (TOP (S-1 `` But , '' (PRN (S (NP-SBJ he) (VP added (S *T*-1)))) , `` (NP-SBJ we) (VP have (VP had (NP that (ADJP exact same) perception) (NP-TMP six times) (PP-TMP in (NP the last six years)))) . '')) (TOP (S (NP-SBJ He) (VP noted (SBAR that (S (ADVP-TMP currently) (NP-SBJ (NP the ratio) (PP of (NP available copper)) (PP to (NP consumption))) (VP is (NP-PRD about 3.5 weeks))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the normal ratio) (VP is (NP-PRD (QP five to six) weeks))))) .)) (TOP (S (PP According (PP to (NP Mr. Threlkeld))) , (NP-SBJ (NP the bottleneck) (PP-LOC in (NP copper production))) (VP is n't (PP-LOC-PRD (PP at (NP the mines)) but (PP at (NP the copper refineries)))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP It) (S *EXP*-1)) (VP takes (NP-TMP three months) (S-1 (NP-SBJ *) (VP to (VP turn (NP-PRD copper concentrate) (PP-CLR into (NP cathodes))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S-1 (SBAR-ADV If (S (NP-SBJ there) (VP is n't (NP-PRD a recession)))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ we) (VP will (VP be (PP-PRD out (PP of (NP copper))) (PP-TMP by (NP (NP the end) (PP of (NP March)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ there) (VP is (NP-PRD (NP a recession))))) (NP-SBJ that) (VP will (VP change (NP the statistical situation))) . '')) (TOP (S (NP-SBJ He) (VP thinks (SBAR that (S (PP without (NP a recession)) (NP-SBJ copper prices) (VP could (VP exceed (NP (NP a high) (PP of (NP (NP $ 1.65 *U*) (NP-ADV a pound))) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP reached (NP *-1) (NP-TMP last year))))))))))) .)) (TOP (S (PP-TMP In (NP the past)) (NP-SBJ-1 Mr. Threlkeld) (VP has (VP been (VP known (S (NP-SBJ *-1) (VP to (VP have (NP (NP substantial long positions) (PRN (S (ADVP that is) , (NP-SBJ he) (VP had (VP bought (NP copper futures) (PP in (NP (NP anticipation) (PP of (NP rising prices)))))))) -- (PP-LOC in (NP the copper futures market))))))))) .)) (TOP (FRAG (PP-LOC In (NP other commodity markets)) (NP-TMP yesterday) :)) (TOP (FRAG (NP ENERGY) : (S (NP-SBJ The attitude) (VP was `` (ADJP-PRD wait-and-see) '' (PP-LOC in (NP crude oil futures)) (NP-TMP yesterday) (PP-LOC in (NP (NP trading) (PP-LOC on (NP the New York Mercantile Exchange)))))) .)) (TOP (S (NP-SBJ (NP Prices) (PP for (NP (NP the U.S. benchmark) (NP West Texas Intermediate crude)))) (VP remained (VP locked (PP-CLR in (NP a (ADJP fairly narrow) range)))) (PP-TMP before (S-NOM (NP-SBJ *) (VP ending (NP the session) (ADVP-EXT (NP four cents) lower) (PP-CLR at (NP (NP $ 19.72 *U*) (NP-ADV a barrel) (PP for (NP December delivery))))))) .)) (TOP (S (NP-SBJ Several analysts and brokers) (VP said (SBAR 0 (S (NP-SBJ-1 the petroleum market) (VP was (ADJP-PRD ready (S (NP-SBJ *-1) (VP to (VP rally)))) (PP-TMP after (NP (NP two days) (PP of (NP (NP price declines) (PP from (NP profit-taking)))))))))) .)) (TOP (S But (NP-SBJ (NP an early 80-point drop) (PP-LOC in (NP the Dow Jones Industrial Average))) (VP stopped (NP-1 the crude rally) (S-ADV (NP-SBJ *-1) (ADVP-PRD cold))) .)) (TOP (S (S (NP-SBJ-1 The industrial average) (VP recovered (S-ADV (NP-SBJ *-1) (VP to (VP close (ADVP-CLR (NP only 3.69 points) lower)))))) , but (S (NP-SBJ petroleum futures) (ADVP-TMP never) (VP shook (PRT off) (NP the chill))) .)) (TOP (S (NP-SBJ Most market participants) (VP said (SBAR 0 (S (NP-SBJ they) (VP were (VP looking (PP-CLR to (NP-1 (NP (NP this week 's) inventory statistics) (PP from (NP the American Petroleum Institute)))) (S-ADV (NP-SBJ *-1) (VP to (VP give (NP the market) (NP some direction))))))))) .)) (TOP (S (NP-SBJ The report) (VP is n't (ADJP-PRD generally available) (PP-TMP until (ADJP late (PP on (NP Tuesdays))))) .)) (TOP (FRAG (NP PRECIOUS METALS) : (S (NP-SBJ Futures prices) (VP inched (ADVP upward) (PP-LOC in (NP (ADJP mostly lackluster) trading)))) .)) (TOP (S (S (NP-SBJ December gold) (VP was (ADVP-PRD up (NP (NP $ 3.20 *U*) (NP-ADV an ounce))) (PP-LOC at (NP $ 373.40 *U*)))) ; (S (NP-SBJ December silver) (VP gained (NP 5.7 cents) (PP-DIR to (NP (NP $ 5.1950 *U*) (NP-ADV an ounce))))) .)) (TOP (S (NP-SBJ January platinum) (VP rose (NP-EXT (NP $ 2.30 *U*) (NP-ADV an ounce)) (PP-DIR to (NP $ 488.60 *U*))) .)) (TOP (S (NP-SBJ Mr. Kaiser) (VP said (SBAR 0 (S (NP-SBJ there) (VP were (NP-PRD (NP no fundamental factors) (VP moving (NP these markets))))))) .)) (TOP (S (S (NP-SBJ He) (VP noted (SBAR that (S (ADVP-TMP (NP two weeks) ago) (NP-SBJ there) (VP were (NP-PRD (NP rumors) (PP of (NP (NP Soviet sales) (PP of (NP precious metals)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP finance (NP grain purchases))))))))))))) , but (S (NP-SBJ-2 the sales) (VP do n't (VP seem (S (NP-SBJ *-2) (VP to (VP have (VP materialized))))))) .)) (TOP (S (NP-SBJ Ms. Raptopoulos) (VP thought (SBAR 0 (S (NP-SBJ (NP yesterday 's) price action) (VP reflected (NP (NP weakness) (PP-LOC in (NP (NP the stock market) and (NP the dollar)))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ Gold) (ADVP still) (VP acts (PP-CLR as (NP a haven)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ uncertainty) (VP prevails (PP-LOC in (NP the financial markets)) (SBAR-ADV as (S (NP-SBJ it) (VP did (VP *?* '' (NP-TMP yesterday))))) (ADVP-TMP *T*-1)))))) , (NP-SBJ she) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ Mr. Kaiser) (VP noted (SBAR that (S (NP-SBJ gold) (VP was (NP-PRD (NP (NP (QP more than 71 times) the price) (PP of (NP silver))) (SBAR *ICH*-1)) (PP-LOC at (NP the close)) (NP-TMP yesterday) , (SBAR-1 (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD historically high)))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ The high ratio) (VP reflects (NP the fact (SBAR that (S (NP-SBJ silver) (VP is (ADVP still) (VP regarded (PP-CLR as (NP about a half-industrial metal))))))))) and (S (NP-SBJ (NP its price lagging) (ADJP relative (PP to (NP gold)))) (VP says (SBAR that (S (NP-SBJ traders) (VP are (VP expecting (NP a weakening economy)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (FRAG (NP GRAINS AND SOYBEANS) : (S (NP-SBJ Prices) (VP closed (ADVP-CLR lower) (PP-TMP after (NP (NP trading) (PP-LOC in (NP (ADJP relatively narrow) ranges)))) (PP-PRP because of (NP (NP (NP strong selling) (PP-LOC in (NP the cash market))) and (NP continued favorable harvest weather))))) .)) (TOP (SINV (S-TPC-4 (S (NP-SBJ-1 (NP The sale) (PP to (NP the Chinese government)) (PP of (NP (NP 330,000 metric tons) (PP of (NP wheat)))) (PP under (NP (NP the government 's) export enhancement program))) (VP was (VP announced (NP *-1) (PP-TMP after (NP (NP the close) (PP of (NP trading)) (NP-TMP Monday)))))) , but (S (NP-SBJ-2 the sale) (VP (VP was (VP expected (S *RNR*-3))) and (VP failed (S *RNR*-3)) (S-3 (NP-SBJ *-2) (VP to (VP buoy (NP prices) (NP-TMP yesterday)))))) ,) (VP said (SBAR 0 (S *T*-4))) (NP-SBJ (NP Dale Gustafson) , (NP (NP a futures analyst) (PP with (NP (NP Drexel Burnham Lambert Inc.) (PP-LOC in (NP Chicago)))))) .)) (TOP (S (S-TPC-2 (PP As (PP for (NP other export customers))) , (NP-SBJ-1 the Soviet Union) (VP is n't (VP expected (S (NP-SBJ *-1) (VP to (VP be (ADVP-PRD back (VP buying (NP U.S. corn) (PP-MNR in (NP significant amounts))))))) (PP-TMP until (NP early next year))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP A number) (PP of (NP commercial grain users))) (VP buttressed (NP that opinion) (NP-TMP yesterday) (PP-MNR by (S-NOM (NP-SBJ *) (VP buying (NP (NP certain corn options) (PP for (NP (NP delivery) (PP-TMP in (NP March)))))))) , (S-ADV (NP-SBJ *) (VP indicating (PP-CLR to (NP analysts)) (SBAR that (S (NP-SBJ-1 the commercial companies) (VP would (VP use (NP the options) (S-PRP (NP-SBJ *-1) (VP to (VP hedge (PP against (NP expected corn sales)) (PP-TMP in (NP (NP next year 's) first quarter)))))))))))) .)) (TOP (FRAG (NP COCOA) : (S (NP-SBJ Futures) (ADVP-TMP at first) (VP (VP continued (NP (NP the rally) (VP begun (NP *) (PP-TMP on (NP Monday))))) , but (VP (ADVP-TMP then) (VP faltered) and (VP closed (ADJP-CLR lower))))) .)) (TOP (S (NP-SBJ The December contract) (VP (VP opened (PP-LOC (ADVP just) under (NP (NP Monday 's) close))) , (VP triggered (NP (NP some (ADJP previously placed) buy orders) (PP-LOC (ADVP just) above (NP (NP $ 1,030 *U*) (NP-ADV a metric ton)))) , (S-ADV (NP-SBJ *) (VP pushing (NP the price) (PP to (NP $ 1,040 *U*))))) , and then (VP encountered (NP (NP heavy selling) (PP (PP by (NP (NP traders) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP buy and sell (PP for (NP their own accounts))))))) and (PP by (NP commercial interests)))))) .)) (TOP (S (NP-SBJ The contract) (VP settled (PP-LOC-CLR at (NP (NP $ 1,014 *U*) (NP-ADV a ton))) , (ADVP-CLR off (NP $ 13 *U*))) .)) (TOP (S (NP-SBJ (NP Robert Hafer) , (NP (NP senior commodities analyst) (PP-LOC at (NP Kaiser Financial Group))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP Monday 's) rally) (VP continued (NP-TMP yesterday) (PP-TMP for (NP (NP only (QP about 20) minutes) (PP-TMP after (NP the opening)))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (SBAR even though (S (NP-SBJ there) (VP was (NP-PRD arbitrage buying) (PP-LOC in (NP New York)) (PP-PRP because of (NP the weak dollar))))) , (NP-SBJ cocoa) (VP fell (PP-CLR to (NP (NP relentless pressure) (PP from (NP bearish traders)))))))) .)) (TOP (S But (NP-SBJ he) (VP noted (SBAR that (S (NP-SBJ speculators) (ADVP apparently) (VP do n't (VP believe (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP much more) (PP of (NP (NP a decline) (PP in (NP (NP store) (PP for (NP cocoa))))))))))))))) .)) (TOP (S (S (NP-SBJ The December contract) (VP reached (NP (NP its life-of-contract low) (PP of (NP (NP $ 975 *U*) (NP-ADV a ton)))) (PP-TMP on (NP Oct. 11)))) ; (S (S (NP-SBJ its lifetime high) (VP was (NP-PRD (NP $ 1,735 *U*) , (VP set (NP *) (PP-TMP in (NP 1988)))))) , and (S (NP-SBJ its recent high) (VP was (NP-PRD (NP $ 1,368 *U*) , (VP set (NP *) (PP-TMP in (NP early August))))))) .)) (TOP (S (NP-SBJ (NP The last time) (SBAR (WHADVP-1 0) (S (NP-SBJ cocoa) (VP traded (PP-CLR at (NP (NP prices) (ADJP as low (PP as (ADVP-TMP currently))))) (ADVP-TMP *T*-1))))) (VP was (PP-TMP-PRD in (NP 1974))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ further modest declines) (VP might (VP be (ADVP-LOC-PRD ahead))))) , (NP-SBJ Mr. Hafer) (VP said (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-2)) (VP would (VP be (ADJP-PRD difficult) (S-2 (NP-SBJ *) (VP to (VP get (PP through (NP (NP resistance levels) (PP-LOC (ADVP just) above (NP (NP yesterday 's) high)))))))))))) .)) (TOP (S (NP-SBJ-1 Citizens First Bancorp . Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP Lakeland First Financial Group Inc.) , (NP a (NP (NP Succasunna) , (NP N.J.) ,) bank holding company) ,) (PP-CLR for (NP (NP (QP about $ 50.6 million) *U*) (PP in (NP cash and stock))))))))))) .)) (TOP (S (NP-SBJ (NP Citizens First) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP controls (NP Citizens First National Bank)) and (VP is (VP based (PP-LOC in (NP (NP Glen Rock) , (NP N.J.)))))))) ,) (VP will (VP (VP pay (NP-2 (NP a maximum) (PP of (NP 40 %))) (PP-MNR-3 in (NP cash)) (PP-CLR for (NP (NP the parent) (PP of (NP Lakeland Savings Bank))))) (VP and (NP=2 the remainder) (PP-MNR=3 in (NP (NP convertible preferred stock) , (PP with (NP (NP a liquidation value) (PP of (NP (NP $ 18 *U*) (NP-ADV a share)))))))))) .)) (TOP (S (NP-SBJ Lakeland holders) (VP will (VP have (NP the option (S (NP-SBJ *) (VP to (VP request (NP either stock or cash))))))) .)) (TOP (S (NP-SBJ The convertible preferred) (VP will (VP (VP pay (NP dividends) (PP-CLR at (NP 7.875 %))) and (VP be (ADJP-PRD convertible (PP into (NP (NP shares) (PP of (NP Citizens First)))) (PP at (NP (NP a rate) (ADJP equal (PP to (NP (NP 20 %) (PP-LOC above (NP (NP the average closing price) (PP of (NP the stock)) (PP-TMP during (NP (NP a 20-day period) (PP-TMP (ADVP prior) to (NP (NP the transaction 's) completion))))))))))))))) .)) (TOP (S (NP-SBJ The deal) (VP requires (NP (UCP regulatory and shareholder) approval)) .)) (TOP (S (NP-SBJ (NP Color Systems Technology Inc.) , (NP-LOC Los Angeles) ,) (VP said (SBAR 0 (S (NP-SBJ-1 (NP its major creditor) , (NP General Electric Pension Trust) ,) (VP agreed (S (NP-SBJ *-1) (VP to (VP convert (NP (NP (QP $ 11.8 million) *U*) (PP of (NP (NP debt) (VP owed (NP *))))) (PP-CLR into (NP (NP 25 %) (PP of (NP (NP Color System 's) (ADJP fully diluted) common stock))))))))))) .)) (TOP (S (NP-SBJ The agreement) (ADVP also) (VP calls (SBAR-CLR for (S (NP-SBJ (NP General Electric Pension) , (NP (NP a unit) (PP of (NP General Electric Co.))) ,) (VP to (VP receive (NP (NP (QP as much as 10) %) (PP of (NP (NP Color Systems ') (VP (ADVP fully) diluted) common stock)) , (PP depending (PP on (NP (NP the proceeds) (PP from (NP (NP the sale) (PP of (NP (NP the AEI Film Library) and (NP its receivables)))))))))))))) .)) (TOP (S (NP-SBJ General Electric Pension) (VP took (NP (NP control) (PP of (NP the 85-title library))) (NP-TMP last month) (SBAR-TMP after (S (NP-SBJ Color Systems) (VP defaulted (PP-CLR on (NP the loan)))))) .)) (TOP (S (NP-SBJ The agreement) (VP depends (PP-CLR on (NP (NP Color Systems ') ability (S (NP-SBJ *) (VP to (VP win (NP similar concessions) (PP-CLR from (NP other creditors)))))))) .)) (TOP (S (NP-SBJ (NP Buddy Young) , (NP president) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP expects (S (NP-SBJ *-1) (VP to (VP conclude (NP (NP negotiations) (PP with (NP other creditors))) (PP-TMP within (NP 60 days))))))))) .)) (TOP (S (NP-SBJ (NP Color Systems) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP converts (NP black-and-white film) (PP-CLR to (NP color videotape))))) ,) (VP posted (NP (NP a loss) (PP of (NP (NP (QP $ 7.1 million) *U*) , or (NP (NP $ 1.32 *U*) (NP-ADV a share)) ,)) (PP on (NP (NP revenue) (PP of (NP (QP $ 10.6 million) *U*))))) (PP-TMP for (NP (NP the fiscal year) (VP ended (NP *) (NP-TMP June 30))))) .)) (TOP (S (NP-SBJ Its stock) (VP fell (NP-EXT 12.5 cents) , (PP-DIR to (NP $ 2.125 *U*)) , (PP-LOC in (NP American Stock Exchange composite trading)) (NP-TMP yesterday)) .)) (TOP (S (ADVP-LOC Next (PP to (NP (NP Kohlberg Kravis Roberts 's) megabillion RJR Nabisco deal))) , (NP-SBJ SCI Television) (VP is (NP-PRD small fry)) .)) (TOP (S But (NP-SBJ (NP the troubles) (PP of (NP SCI TV))) (VP are (NP-PRD (NP a classic tale) (PP of (NP (NP (NP the leveraged buy-out excesses) (PP of (NP the 1980s))) , (NP especially the asset-stripping game))))) .)) (TOP (S (NP-SBJ (NP SCI TV) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP expects (S (NP-SBJ *-3) (VP to (VP release (NP a plan (S (NP-SBJ *) (VP to (VP restructure (NP (NP (QP $ 1.3 billion) *U*) (PP of (NP debt))))))) (PP-TMP in (NP the next day or so)))))))) ,) (VP is n't (NP-PRD (NP just another LBO) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP went (ADJP-PRD bad) (PP-TMP after (S-NOM (NP-SBJ *) (VP piling (PRT on) (NP debt)))) -- (SBAR-ADV though (S (NP-SBJ it) (VP did (VP do (NP that)))))))))) .)) (TOP (S (NP-SBJ The cable and TV station company) (VP was (NP-PRD (NP (NP an LBO) (PP of (NP an LBO))) , (NP (NP a set) (PP of (NP (NP assets) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP were (VP leveraged (NP *-2) (ADVP-TMP twice) , (S-ADV (NP-SBJ *) (VP enabling (S (NP-SBJ (NP the blue-chip buy-out king) (NP Henry Kravis)) (PP-TMP in (NP 1987)) (VP to (VP take (NP (NP (QP more than $ 1 billion) *U*) (PP of (NP cash))) (PP-CLR out (PP of (NP the com - pany))))))))))))))))) .)) (TOP (S (NP-SBJ (NP SCI TV 's) buy-out) (VP was (NP-PRD (NP an ace) (PP-LOC in (NP the hole))) (PP (PP for (NP Mr. Kravis)) and (PP for (NP (NP investors) (PP in (NP KKR partnerships)))))) .)) (TOP (S But (NP-SBJ it) (VP has (VP left (S (NP-SBJ (NP holders) (PP of (NP (NP SCI TV 's) junk bonds)) (PP *ICH*-1)) (VP holding (NP the bag) , (PP-1 including (NP (NP some heavyweights) (SBAR (WHNP-2 that) (S (NP-SBJ-3 KKR) (VP might (VP need (NP *T*-2) (S-PRP (NP-SBJ *-3) (VP to (VP finance (NP future deals)))))))) , (PP such as (NP (NP Kemper Financial Services) , (NP First Executive) , (NP Columbia Savings & Loan) and (NP (NP Prudential Insurance Co.) (PP of (NP America))))))))))) .)) (TOP (S (NP-SBJ-1 Some junk-holders) (VP are (VP said (S (NP-SBJ *-1) (VP to (VP be (VP considering (NP (NP (NP legal action) (PP against (NP KKR))) or (NP moves (S (NP-SBJ *) (VP to (VP force (NP SCI TV) (PP-CLR into (NP bankruptcy court))))))))))))) .)) (TOP (S And (NP-SBJ-1 (NP (NP KKR 's) majority partner) (PP-LOC in (NP (NP SCI TV 's) buy-out)) , (NP (NP-LOC (NP Nashville) , (NP Tenn.) ,) entrepreneur George Gillett) ,) (ADVP also) (VP is (VP said (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD very unhappy)))))) .)) (TOP (S (NP-SBJ (NP SCI TV 's) six stations) (ADVP-TMP once) (VP were (NP-PRD (NP part) (PP of (NP Storer Communications)))) .)) (TOP (S (NP-SBJ KKR) (VP (VP loaded (PRT up) (NP the cable and television company) (PP-CLR with (NP debt)) (PP-TMP in (NP an 1985 buy-out))) , then (VP (ADVP-TMP later) (VP sold (NP (NP Storer 's) cable operations) (PP-CLR at (NP a fat profit))))) .)) (TOP (S (PP-TMP In (NP 1987)) , (NP-SBJ-2 KKR) (PP-TMP for (NP the second time)) (VP piled (NP debt) (PP-CLR onto (NP (NP Storer 's) TV stations)) , (S-ADV (NP-SBJ *-2) (VP selling (NP them) (PP-CLR for (NP (QP $ 1.3 billion) *U*)) (PP-DTV to (NP (NP (NP a new entity) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD (ADJP 45%-owned (PP by (NP KKR))) and (ADJP 55%-owned (PP by (NP Gillett Corp.)))))))) , (SBAR (WHNP-3 which) (S (ADVP-TMP now) (NP-SBJ *T*-3) (VP operates (NP the SCI TV stations))))))))) .)) (TOP (S (PP-LOC In (NP this second LBO)) , (NP-SBJ KKR) (VP (PP-MNR with (NP one hand)) (VP took (NP (NP (QP more than $ 1 billion) *U*) (PP of (NP cash))) (PP-CLR out (PP of (NP (NP the TV company 's) assets)))) and (VP moved (NP it) (PP-DIR into (NP the Storer cable operations))) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ them) (ADJP-PRD more valuable (PP-TMP in (NP a 1988 sale))))))) .)) (TOP (S -LRB- (NP-SBJ Storer) (ADVP also) (VP took (NP (NP (QP $ 125 million) *U*) (PP of (NP junior SCI TV bonds))) (PP as (NP (NP partial payment) (PP for (NP the TV assets))))) . -RRB-)) (TOP (S (PP-MNR With (NP the other hand)) , (NP-SBJ-2 KKR) (VP put (ADVP-PUT back (PP into (NP SCI TV))) (NP (NP (QP less than 10) %) (PP of (NP (NP the cash) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP had (VP taken (NP *T*-1) (PRT out)))))))) , (S-ADV (NP-SBJ *-2) (VP buying (NP SCI TV common and preferred shares)))) .)) (TOP (S (ADVP So) , (SBAR-ADV while (S (NP-SBJ KKR) (NP-TMP today) (VP has (NP (NP (NP an estimated (QP $ 250 million) *U*) (PP *ICH*-1)) (VP sunk (NP *) (PP-CLR in (NP now-shaky SCI TV))) , (PP-1 including (NP equity and debt)))))) , (NP-SBJ the LBO firm) (ADVP still) (VP is (ADVP-PRD (NP (QP $ 1 billion) *U*) ahead (PP on (NP the SCI TV buy-out))) (PP-TMP after (S-NOM (NP-SBJ *) (VP taking (NP cash) (PP-MNR up (NP front)))))) .)) (TOP (S (PP On (NP (NP Storer) (PP as (NP a whole)))) , (NP-SBJ KKR) (VP racked (PRT up) (NP (NP compound annual returns) (PP of (NP 60 %))) (PP-TMP in (NP (NP the three years) (SBAR (WHADVP-1 0) (S (NP-SBJ it) (VP owned (NP Storer) (ADVP-TMP *T*-1))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-2 Mr. Gillett) (VP risks (S (NP-SBJ *-2) (VP losing (NP (NP his entire equity investment) (PP of (NP (QP about $ 100 million) *U*)) (PP-LOC in (NP SCI TV))) (SBAR-ADV if (S (NP-SBJ-1 the company) (VP ca n't (VP be (VP restructured (NP *-1))))))))) .)) (TOP (S (ADVP Overall) , (NP-SBJ (NP (NP Mr. Gillett 's) holding company) , (NP Gillett Holdings) ,) (VP (VP is (ADJP-PRD heavily indebted)) and (VP , (PP except (PP for (NP its Vail Mountain resorts))) , is n't (VP doing (ADVP-MNR very well)))) .)) (TOP (S (PP With (S-NOM (NP-SBJ the TV business) (VP falling (PP-CLR on (NP hard times)) (PP-TMP in (NP recent years))))) , (NP-SBJ analysts) (VP say (SBAR that (S (SBAR-ADV if (S (NP-SBJ SCI TV) (VP had (S (NP-SBJ-1 *) (VP to (VP be (VP liquidated (NP *-1) (NP-TMP today)))))))) , (NP-SBJ it) (VP might (VP fetch (ADJP (NP-ADV 30 %) less (PP than (PP-LOC in (NP the 1987 buy-out)))) , (S-ADV (NP-SBJ *) (VP wiping (PRT out) (NP (NP most) (PP of (NP (NP (NP the company 's) junk-holders) and (NP its stockholders))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (S (NP-SBJ SCI TV) (VP can (VP (ADVP-MNR barely) pay (NP its cash interest bill)))) , and (S (S-PRP (NP-SBJ *-2) (VP to (VP stay (PP-CLR-LOC out (PP of (NP bankruptcy court)))))) (NP-SBJ-2 it) (VP must (ADVP-TMP soon) (VP reschedule (NP (NP a lot) (PP of (NP (NP (NP bank loans) and (NP junk bonds)) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP have (VP fallen (S-CLR (NP-SBJ *-3) (ADJP-PRD due)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP SCI TV 's) grace period) (PP for (S-NOM (NP-SBJ *) (VP paying (NP its bills))))) (VP is (ADJP-PRD due (S (NP-SBJ *) (VP to (VP expire (NP-TMP Nov. 16)))))) .)) (TOP (S (NP-SBJ It) (ADVP-TMP now) (VP is (VP (ADVP-MNR quietly) circulating (PP-LOC among (NP creditors)) (NP a preliminary plan (S (NP-SBJ *) (VP to (VP restructure (NP debt))))))) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ Negotiations) `` (VP have (VP started (ADVP-MNR con - structively)))) , but (S (NP-SBJ that) (VP 's not (S-PRD (NP-SBJ *) (VP to (VP say (SBAR 0 (S (NP-SBJ we) (VP like (NP this particular offer)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP (NP Wilbur Ross) (PP of (NP Rothschild Inc.))) , (NP (NP adviser) (PP to (NP SCI TV junk-holders)))) .)) (TOP (S (NP-SBJ (NP No major player) (PP-LOC in (NP the SCI TV deal))) (VP will (VP talk (ADVP-MNR publicly))) .)) (TOP (S But (NP-SBJ it) (VP 's (VP understood (SBAR that (S (NP-SBJ-2 Mr. Kravis) (VP is (VP disappointed (NP *-2) (SBAR that (S (NP-SBJ-1 Mr. Gillett) (VP did n't (VP manage (S (NP-SBJ *-1) (VP to (VP boost (NP (NP SCI TV 's) operating profit) (PP-TMP after (NP the buy-out))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Kravis) (VP (ADVP apparently) thinks (SBAR 0 (S (NP-SBJ SCI TV) (VP can (VP survive (SBAR-ADV if (S (NP-SBJ lenders) (VP extend (NP its debt payments) (SBAR-TMP until (S (NP-SBJ TV stations) (VP rise (PP in (NP value)) (ADVP-TMP again)))) , (S-ADV (NP-SBJ *) (VP allowing (S (NP-SBJ-1 SCI TV) (VP to (VP sell (NP assets) (S-PRP (NP-SBJ *-1) (VP to (VP pay (NP debt))))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 Mr. Gillett) (VP is (VP said (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD proud (PP of (NP his operating record))))))))) ; (S (NP-SBJ he) (VP has (VP (VP lifted (NP (NP some stations ') ratings)) and (VP turned (PRT around) (NP-PRD a Detroit station))))) .)) (TOP (S (PP As (PP for (NP junk-holders))) , (NP-SBJ they) (VP 're (VP discovering (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-2)) (VP can (VP be (NP-PRD a mistake) (S-2 (NP-SBJ *) (VP to (VP take (NP (NP the other side) (PP of (NP (NP a trade) (PP by (NP KKR)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The bonds) (PP of (NP SCI TV))) (ADVP-TMP now) (VP are (VP being (VP quoted (NP *-1) (PP-CLR at (NP (NP prices) (VP ranging (PP-DIR from (NP only five cents)) (PP-DIR to (NP (NP (QP about 60) cents) (PP on (NP the dollar))))))) , (PP according (PP to (NP (NP R.D. Smith & Co.) (PP-LOC in (NP New York)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP trades (NP distressed securities)))))))))) .)) (TOP (S (NP-SBJ (NP People) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP seen (NP (NP SCI TV 's) restructuring plan)))))) (VP say (SBAR 0 (S (NP-SBJ it) (VP offers (NP (NP concessions) (PP by (NP (NP KKR) and (NP Gillett Corp)))))))) .)) (TOP (S (NP-SBJ They) (VP would both (VP give (NP (NP part) (PP of (NP (NP their combined (QP $ 50 million) *U*) (PP in (NP (NP common equity) (PP in (NP SCI TV))))))) (PP-DTV to (NP (NP holders) (PP of (NP (NP SCI TV 's) (NP (NP (QP $ 488 million) *U*) (PP of (NP junk bonds))))))) , (PP-CLR as (NP (NP a carrot) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP persuade (NP-3 them) (S (NP-SBJ *-3) (VP to (VP accept (NP (NP new bonds) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP reduce (NP (NP the value) (PP of (NP (NP their claims) (PP on (NP the company))))))))))))))))))))) .)) (TOP (S But (NP-SBJ some militant SCI TV junk-holders) (VP say (SBAR 0 (S (NP-SBJ that) (VP 's not (NP-PRD enough))))) .)) (TOP (S (NP-SBJ They) (VP contend (SBAR that (S (NP-SBJ (NP SCI TV 's) equity) (ADVP-TMP now) (VP is (ADJP-PRD worthless))))) .)) (TOP (S (NP-SBJ They) (VP add (SBAR that (S (NP-SBJ (NP it) (S *EXP*-3)) (VP is n't (VP costing (NP-1 KKR) (NP anything) (S-3 (NP-SBJ *-1) (VP to (VP give (PRT up) (NP equity)))) (PP-PRP because of (NP (NP (NP its big up-front cash profit) (PP on (NP the buy-out))) , (SBAR (WHNP-2 which) (S (NP-SBJ they) (VP think (SBAR 0 (S (NP-SBJ *T*-2) (VP contributed (PP to (NP (NP SCI TV 's) current problems))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Kemper) , (NP (NP the biggest holder) (PP of (NP senior SCI TV bonds))) ,) (VP (VP has (VP refused (S (NP-SBJ *-1) (VP to (VP join (NP the bond-holders committee)))))) and (VP is (VP said (S (NP-SBJ *-1) (VP to (VP be (VP reviewing (NP its legal options)))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP protect (NP their claims)))) , (NP-SBJ-1 some junk-holders) (VP want (S (NP-SBJ (NP KKR) and (ADVP perhaps) (NP Mr. Gillett)) (VP to (VP invest (NP (NP new money) (NP *ICH*-2)) (PP-CLR in (NP SCI TV)) , (NP-2 (ADVP perhaps) (QP $ 50 million or more) *U*))))) .)) (TOP (S (NP-SBJ (NP One investment banker) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is n't (VP involved (PP-CLR in (NP the deal))))))) (VP says (SBAR 0 (S (NP-SBJ-2 SCI TV) (VP needs (NP (NP (PP at (ADJP least)) (QP $ 50 million) *U*) (PP of (NP new equity))) (S-PRP (NP-SBJ *-2) (VP to (VP survive))))))) .)) (TOP (S (S (NP-SBJ Junk-holders) (VP say (SBAR 0 (S (NP-SBJ they) (VP have (NP (NP a stick) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP beat (NP KKR) (PP with (NP *T*-1)))))))))))) : (SINV `` (S-TPC-3 (NP-SBJ (NP The threat) (PP of (NP bankruptcy))) (VP is (NP-PRD (NP a legitimate tool) '' (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP extract (NP money) (PP-CLR from (NP KKR)) (ADVP-MNR *T*-2)))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ one big SCI TV holder)) .)) (TOP (S (S-TPC-1 (NP-SBJ This) (VP could (VP be (NP-PRD (NP the first major bankruptcy-law proceeding) (PP for (NP KKR)))))) , (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ A big bankruptcy-court case) (VP might (VP (VP tarnish (NP (NP KKR 's) name)) , and (VP provide (NP new fuel) (PP-CLR for (NP (NP critics) (PP of (NP LBOs)) (UCP-LOC (PP in (NP Washington)) and (ADVP elsewhere))))))) .)) (TOP (S But (NP-SBJ others) (VP say (SBAR 0 (S (NP-SBJ junk-holders) (VP have (NP (NP nothing) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP gain (NP *T*-1) (PP-MNR by (S-NOM (NP-SBJ *) (VP putting (NP SCI TV) (PP-PUT into (NP bankruptcy-law proceedings)))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ KKR) (VP does n't (VP control (NP SCI TV) (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD unusual) (PP for (NP a KKR investment))))))))) -- (NP-SBJ it) (VP (ADVP-MNR clearly) has (NP (NP much deeper pockets) (PP than (NP Mr. Gillett)))) .)) (TOP (S (NP-SBJ Bankruptcy specialists) (VP say (SBAR 0 (S (NP-SBJ Mr. Kravis) (VP set (NP (NP a precedent) (PP for (S-NOM (NP-SBJ *) (VP putting (NP new money) (PP-PUT in (NP sour LBOs))))))) (ADVP-TMP recently) (SBAR-TMP (WHADVP when) (S (NP-SBJ-1 KKR) (VP restructured (NP foundering Seaman Furniture) , (S-ADV (NP-SBJ *-1) (VP doubling (NP (NP KKR 's) equity stake))))))))) .)) (TOP (SINV (S-TPC-2 But (PP with (NP Seaman)) , (NP-SBJ-1 KKR) (VP was (VP (ADVP only) trying (S (NP-SBJ *-1) (VP to (VP salvage (NP its original investment)))))) ,) (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP bankruptcy investor) (NP (NP James Rubin) (PP of (NP (NP Sass Lamle Rubin) (PP-LOC in (NP New York)))))) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ KKR) (ADVP probably) (VP has (ADVP already) (VP made (NP (NP all the money) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP can (VP *?* (NP *T*-1)))))) (PP-CLR on (NP SCI TV)))) .)) (TOP (S And (NP-SBJ (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP know (NP Mr. Kravis))))) (VP say (SBAR 0 (S (NP-SBJ he) (VP is n't (PP-PRD in (NP a hurry (S (NP-SBJ *) (VP to (VP pour (NP more money) (PP into (NP SCI TV))))))))))) .)) (TOP (S (NP-SBJ (NP Rubbermaid Inc.) , (VP reflecting (NP strong earnings growth)) ,) (VP boosted (NP its quarterly dividend) (NP-EXT 18 %) , (PP-DIR to (NP (NP 13 cents) (NP-ADV a share))) (PP-DIR from (NP 11 cents))) .)) (TOP (S (NP-SBJ (NP The maker) (PP of (NP household products))) (VP said (SBAR 0 (S (NP-SBJ the new dividend) (VP is (ADJP-PRD payable (NP-TMP Dec. 1) (PP to (NP (NP (NP shares) (PP of (NP record))) (NP-TMP Nov. 10)))))))) .)) (TOP (S (ADVP-MNR Separately) , (NP-SBJ-1 (NP the company 's) board) (VP adopted (NP a proposal (S (NP-SBJ *) (VP to (VP amend (NP its 1986 shareholder rights plan))))) , (S-ADV (NP-SBJ *-1) (VP (ADJP further) insulating (NP the company) (PP-CLR from (NP takeover))))) .)) (TOP (S (NP-SBJ Rubbermaid officials) (VP said (SBAR 0 (S (NP-SBJ they) (VP (VP are n't (ADJP-PRD aware (PP of (NP any effort (S (NP-SBJ *) (VP to (VP take (PRT over) (NP the company)))))))) , but (VP believed (SBAR 0 (S (NP-SBJ-2 the shareholder plan) (VP needed (S (NP-SBJ-1 *-2) (VP to (VP be (VP strengthened (NP *-1))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The board) (VP has (VP stated (ADVP repeatedly) (SBAR that (S (NP-SBJ Rubbermaid) (VP should (VP be (ADJP-PRD independent)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Walter W. Williams) , (NP Rubbermaid president)) .)) (TOP (S (S (NP-SBJ (NP Some changes) (PP to (NP the plan))) (VP were (NP-PRD minor adjustments))) , but (S (NP-SBJ the most significant) (VP was (NP-PRD (NP an amendment) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP provides (SBAR that (S (SBAR-ADV if (S (NP-SBJ any investor) (VP holds (NP (NP (QP 25 % or more) *U*) (PP of (NP (NP Rubbermaid 's) voting securities)))))) , (NP-SBJ (NP each right) (VP held (NP *) (PP by (NP-LGS others)))) (VP would (VP entitle (S (NP-SBJ the holder) (VP to (VP buy (NP (NP Rubbermaid shares) (PP with (NP (NP a market value) (PP of (NP twice (NP the right 's) exercise price)))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Williams) (VP said (SBAR 0 (S (NP-SBJ the exercise price) (VP is (NP-PRD $ 125 *U*)))) , (S-ADV (NP-SBJ *-1) (VP meaning (SBAR 0 (S (NP-SBJ holders) (VP would (VP have (NP the right (S (NP-SBJ *) (VP to (VP buy (NP (NP $ 250 *U*) (PP of (NP Rubbermaid stock))) (PP-CLR for (NP half price)) , (S-ADV (NP-SBJ *) (VP diluting (NP (NP the investor 's) (ADJP 25 %) stake)))))))))))))) .)) (TOP (S (PP For (NP the third quarter)) , (NP-SBJ Rubbermaid) (VP earned (NP (NP (QP $ 32.6 million) *U*) , or (NP (NP 44 cents) (NP-ADV a share)) ,) (ADVP-CLR up (NP 16 %) (PP from (NP (NP (QP $ 28.1 million) *U*) , or (NP (NP 38 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 9.7 %) (PP-DIR to (NP (QP $ 351.5 million) *U*)) (PP-DIR from (NP (QP $ 320.4 million) *U*))) .)) (TOP (S (NP-SBJ Rubbermaid shares) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 33.875 *U*)) , (ADVP-CLR off (NP 12.5 cents)) , (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (S (NP-SBJ The stock market) (VP went (PP-LOC on (NP a dizzying ride)) (SBAR-ADV as (S (NP-SBJ (NP UAL) , (NP (NP parent) (PP of (NP United Airlines))) ,) (ADVP-TMP once again) (VP led (NP shares) (PP-CLR into (NP (NP a breathtaking decline) and then (NP an afternoon comeback))))))) .)) (TOP (S (PP-LOC At (NP (NP the end) (PP of (NP it all)))) , (NP-SBJ the Dow Jones Industrial Average) (VP closed (ADVP-CLR down (NP 3.69) (PP to (NP 2659.22)))) .)) (TOP (S (PP-TMP At (NP one point)) (NP-TMP yesterday morning) , (NP-SBJ the Dow) (VP was (ADVP-PRD down (NP 80.53 points))) .)) (TOP (S (NP-SBJ New York Stock Exchange volume) (VP was (NP-PRD 237,960,000 shares)) .)) (TOP (S (NP-SBJ Declining issues) (VP swamped (NP (NP advancers) , (ADVP 1,222 to 382))) .)) (TOP (S (NP-SBJ (NP Yesterday 's) sell-off and rebound) (VP was (NP-PRD a powerful reminder (SBAR that (S (PP (NP-ADV 11 days) after (NP (NP the 190-point plunge) (PP on (NP Friday the 13th)))) , (NP-SBJ the stock market) (ADVP still) (VP has (NP (NP a bad case) (PP of (NP nerves)))))))) .)) (TOP (S (NP-SBJ (NP Takeover stock speculation) and (NP futures-related program trading)) (VP drove (NP the industrial average) (PP through (NP wide ranges))) .)) (TOP (S And (NP-SBJ there) (VP is (S-PRD (NP-SBJ more volatility) (VP to (VP come)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ October 13th) (VP left (NP us) (PP-CLR with (NP a cut and exposed nerve)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Jack Solomon) , (NP (NP technical analyst) (PP for (NP Bear Stearns)))) .)) (TOP (S `` (NP-SBJ People) (VP are (ADJP-PRD fearful and sensitive)) .)) (TOP (S (NP-SBJ (NP Everybody 's) finger) (VP is (ADJP-PRD (NP-ADV one inch) closer (PP to (NP the button)))) .)) (TOP (S (NP-SBJ I) (VP have (ADVP-TMP never) (VP had (NP (NP (ADJP as many) calls) (SBAR as (S (NP-SBJ I) (VP had (NP *?*) (NP-TMP this morning))))))) .)) (TOP (S (NP-SBJ Volatility) (VP is (ADVP-LOC-PRD here (S (NP-SBJ *) (VP to (VP stay))))) . '')) (TOP (S (NP-SBJ The Dow Jones Industrial Average) (VP plunged (NP-EXT (QP about 80) points) (PP-TMP in (NP (QP slightly more than one) hour)) (PP-TMP after (NP the opening bell))) .)) (TOP (S (PP For (NP many)) , (NP-SBJ-1 it) (VP began (S (NP-SBJ *-1) (VP to (VP look (PP-CLR like (NP (NP a replay) (PP of (NP Oct. 13)))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ (NP stocks) and (NP stock-index futures)) (VP fell))) , (NP-SBJ-1 a trading limit) (VP was (VP hit (NP *-1) (PP-LOC in (NP the S&P 500 stock futures pit)))) .)) (TOP (S (PP-LOC Under (NP a post-1987 crash reform)) , (NP-SBJ the Chicago Mercantile Exchange) (VP would n't (VP permit (S (NP-SBJ the December S&P futures) (VP to (VP fall (ADVP-EXT further (PP than (NP (NP 12 points) (PP for (NP a half hour)))))))))) .)) (TOP (S (NP-SBJ That) (VP caused (NP (NP a brief period) (PP of (NP (NP panic selling) (PP of (NP stocks))))) (PP-LOC on (NP the Big Board))) .)) (TOP (S But (PP-TMP at (NP a critical moment)) , (NP-SBJ stock-index arbitrage traders) (VP showed (NP their power and control)) .)) (TOP (S (NP-SBJ They) (VP scooped (PRT up) (NP (NP hundreds) (PP of (NP S&P futures))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the market) (VP needed (NP it) (ADVP most) (ADVP-TMP *T*-1))))) .)) (TOP (S (PP-TMP At (NP about 10:40 a.m. EDT)) , (NP-SBJ-2 several big buy orders) (VP hit (NP the S&P pit) (ADVP-TMP simultaneously) , (S-ADV (NP-SBJ *-2) (VP lifting (NP the futures) (PRT up) (PP-CLR (PP out (PP of (NP the trading limit))) and (PP (ADVP eventually) into (NP (NP ranges) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP caused (NP (NP computer-driven program buying) (PP of (NP stocks)))))))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADJP-PRD very clear) (SBAR-1 that (S (NP-SBJ those buy orders) (VP came (PP-CLR from (NP (NP people) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP wanted (S (NP-SBJ-3 their franchise) (VP protected (NP *-3))))))))))))) , '' (VP said (S *T*-4)) (NP-SBJ one Chicago-based futures trader) .)) (TOP (S `` (NP-SBJ-1 These guys) (VP wanted (S (NP-SBJ-2 *-1) (VP to (VP do (NP something) (S-PRP (NP-SBJ *-2) (VP to (VP show (SBAR (WHADJP-3 how powerful) (S (NP-SBJ they) (VP are (ADJP-PRD *T*-3))))))))))) . '')) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ (NP Goldman Sachs) , (NP Shearson Lehman Hutton) and (NP Salomon Brothers)) (VP were (NP-PRD (NP the main force) (PP-LOC behind (NP the futures buying))) (PP-TMP at (NP the pivotal moment)))))) .)) (TOP (S (NP-SBJ-1 Shearson Lehman Hutton) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ (NP Officials) (PP-LOC at (NP (NP Goldman Sachs) and (NP Salomon Brothers)))) (VP were (ADJP-PRD unavailable (PP for (NP comment)))) .)) (TOP (S (PP As (PP in (NP the Oct. 13 massacre))) , (NP-SBJ-1 (NP yesterday morning 's) drop) (VP was (VP triggered (NP *-1) (PP by (NP-LGS (NP bad news) (PP for (NP (NP speculators) (PP-LOC in (NP UAL)))))))) .)) (TOP (S (NP-SBJ-2 A UAL statement) (SBAR-TMP after (S (NP-SBJ the market) (VP closed (NP-TMP Monday)))) (VP indicated (SBAR that (S (NP-SBJ-1 (NP the airline 's) board) (VP wanted (S (NP-SBJ *-1) (VP to (VP keep (NP the company) (ADJP-PRD independent))))))) , (S-ADV (NP-SBJ *-2) (VP (ADVP-MNR effectively) crushing (NP (NP hopes) (PP of (NP an immediate buy-out)))))) .)) (TOP (S (SBAR (NP-ADV Five minutes) before (S (NP-SBJ the Big Board) (VP opened))) , (NP-SBJ-3 (NP a preliminary price) (PP *ICH*-1) (PP *ICH*-2)) (VP was (VP flashed (NP *-3) (PP-1 for (NP UAL)) -- (PP-2 (ADVP-LOC somewhere) between (NP 135 and 155) ,) (NP-ADV (NP a loss) (PP of (NP (NP as much) (PP as (NP (NP $ 43 *U*) (NP-ADV a share))))) (PP from (NP (NP Monday 's) close))))) .)) (TOP (S (NP-SBJ UAL) (ADVP finally) (VP opened (PP-CLR for (NP trading)) (PP-TMP at (NP 10:08 a.m.)) (PP-CLR at (NP 150)) , (ADVP-CLR down (NP $ 28 *U*))) .)) (TOP (S (NP-SBJ Floor traders) (VP said (SBAR 0 (S (NP-SBJ there) (VP was (NP-PRD (NP a huge crowd) (PP-LOC around (NP (NP (NP the Big Board specialist 's) post) (SBAR (WHADVP-1 where) (S (NP-SBJ UAL) (VP trades (ADVP-LOC *T*-1))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP was (NP-PRD (NP a seething mass) (PP of (NP people))))) , '' (VP said (S *T*-1)) (NP-SBJ one floor trader) .)) (TOP (S (S-TPC-1 `` (ADVP-TMP Then) (NP-SBJ there) (VP was (NP-PRD (NP a big liquidation) (PP of (NP stock))) '' (PP-LOC across (NP the board)))) , (NP-SBJ he) (VP added (S *T*-1)) .)) (TOP (S (NP-SBJ-2 (NP Takeover speculators) -- (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (ADVP already) (VP taken (NP (NP a record loss) (VP estimated (NP *) (PP-CLR at (NP (QP more than $ 700 million) *U*))) (PP on (NP UAL))))))) --) (VP started (S (NP-SBJ *-2) (VP selling (NP (NP other stocks) (CONJP as well as) (NP S&P futures)) (PP-PRP in (NP an attempt (S (NP-SBJ *) (VP to (VP hedge (PP-CLR against (NP a further UAL blood bath)))))))))) .)) (TOP (S (PP-TMP (ADVP Shortly) after (NP the UAL opening)) , (NP-SBJ-1 program traders) (VP started (S (NP-SBJ *-1) (VP selling (NP (NP stocks) (PP in (NP (NP the Major Market Index) and (NP S&P 500 index))))))) .)) (TOP (S (NP-SBJ The 20-stock MMI) (VP mimics (NP the Dow Jones Industrial Average)) .)) (TOP (S (PP-TMP By (NP 10:30 a.m.)) (NP-SBJ the Dow) (VP was (ADVP-PRD down (NP 62.70))) .)) (TOP (S (NP-SBJ (NP All 20-stocks) (PP-LOC in (NP the MMI)) (PP except (NP (NP Exxon) , (NP General Motors) and (NP Sears)))) (VP were (ADVP-PRD down (NP $ 1 *U*) (PP to (NP $ 2 *U*)))) .)) (TOP (S (PP-TMP At (NP (NP 10:33))) , (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ the S&P 500 December futures contract) (VP crunched (PP-DIR to (NP a 12-point loss)) (PP-LOC under (NP (NP the force) (PP of (NP sell programs)))) (ADVP-TMP *T*-4)))) , (S (NP-SBJ-1 S&P futures trading) (VP was (VP halted (NP *-1)))) and (S (NP-SBJ-2 (NP program trades) (PP on (NP the Big Board))) (VP were (VP routed (NP *-2) (PP-CLR into (NP (NP a special computer) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP scans (PP-CLR for (NP order imbalances)))))))))) .)) (TOP (S (PP-LOC Under (NP (NP the rules) (VP adopted (NP *) (PP by (NP-LGS the Chicago Mercantile Exchange))))) , (S (NP-SBJ the futures contract) (VP can not (VP drop (PP-DIR below (NP the limit))))) , but (S (NP-SBJ buyers) (VP can (VP purchase (NP futures)))) .)) (TOP (S (PP-TMP At (NP this point)) , (NP-SBJ the Dow industrials) (VP were (UCP-PRD (ADVP down (NP 75.41 points)) and (VP falling))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The trading halt) (PP-LOC in (NP the S&P 500 futures))) (VP exacerbated (NP selling and confusion))) , (NP-SBJ many traders) (VP maintain (SBAR 0 (S *T*-1))) .)) (TOP (S But (SBAR-ADV as (S (NP-SBJ-1 the fright) (VP began (S (NP-SBJ *-1) (VP to (VP spread (PP-LOC through (NP the S&P pit)))))))) , (NP-SBJ the big brokerage firms) (VP (VP came (PRT in)) and (VP bought (NP futures) (ADVP-MNR aggressively))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP was (ADJP-PRD whooosh))) ! '' (VP said (S *T*-1)) (NP-SBJ one futures trader) .)) (TOP (S (PP-TMP In (NP five minutes)) , (NP-SBJ the Dow industrials) (VP climbed (NP-EXT (QP almost 30) points)) .)) (TOP (S (NP-SBJ The big futures buying) (VP triggered (NP (NP stock-index buy programs) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP eventually) (VP trimmed (NP (NP the Dow 's) loss) (PP-DIR to (NP 31 points)) (PP-TMP by (NP 11 a.m))))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ-1 the futures buying) (VP was (VP (ADVP-MNR finely) calculated (NP *-1) (PP by (NP-LGS program traders))))))) .)) (TOP (S (NP-SBJ-1 These firms) (VP (VP sold (NP stock) (PP-TMP into (NP the big morning decline))) , but (VP (S-ADV (NP-SBJ *-1) (VP seeing (NP (NP the velocity) (PP of (NP (NP the market 's) drop))))) , (VP held (PRT back) (PP-CLR on (NP (NP their offsetting purchases) (PP of (NP futures)))) (SBAR-TMP until (S (NP-SBJ the S&P futures) (VP hit (NP the trading limit))))))) .)) (TOP (S (ADVP-TMP Then) (NP-SBJ-2 they) (VP completed (NP (NP the other side) (PP of (NP the trade))) (PP-MNR by (NP (S-NOM (NP-SBJ *-2) (VP buying (NP futures))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (ADVP-MNR abruptly) halted (NP (NP the stock market 's) decline) (SBAR-ADV as (S (NP-SBJ-3 traders) (VP began (S (NP-SBJ *-3) (VP to (VP buy (NP stocks))))))))))))) .)) (TOP (S (ADVP-TMP (PP From (NP then)) on) , (NP-SBJ the Dow industrials) (VP held (PP-LOC at (NP (NP a loss) (PP of (NP (QP 40 to 50) points))))) .)) (TOP (S (ADVP-TMP Then) , (PP-TMP in (NP late-afternoon trading)) , (NP-SBJ (NP hundred-thousand-share buy orders) (PP for (NP UAL)) (PP *ICH*-1)) (VP hit (NP the market) , (PP-1 including (NP (NP a 200,000-share order) (PP through (NP Bear Stearns)) (SBAR (WHNP-4 that) (S (NP-SBJ-2 *T*-4) (VP seemed (S (NP-SBJ *-2) (VP to (VP spark (NP (NP UAL 's) late price surge)))))))))) .)) (TOP (S (ADVP-TMP Almost simultaneously) , (NP-SBJ PaineWebber) (VP began (NP (NP a (ADJP very visible) buy program) (PP for (NP (NP dozens) (PP of (NP stocks)))))) .)) (TOP (S (NP-SBJ The combined buying) (VP rallied (NP the Dow) (PP-DIR into (NP (NP a small gain ,) (PP-TMP before (S-NOM (NP-SBJ *) (VP closing (PP-CLR at (NP a slight loss)))))))) .)) (TOP (S (NP-SBJ Some institutional traders) (VP loved (NP the wild ride)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD fun))) , '' (VP asserted (S *T*-1)) (NP-SBJ (NP Susan Del Signore) , (NP (NP head equity trader) (PP-LOC at (NP Travelers Investment Management Co)))) .)) (TOP (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ-1 she) (VP used (NP (NP the market 's) wild swings) (S-CLR (NP-SBJ *-1) (VP to (VP buy (NP shares) (ADVP-MNR cheaply) (PP-LOC on (NP the sell-off))))))))) .)) (TOP (S (PP-LOC On (NP the comeback)) , (NP-SBJ Ms. Del Signore) (VP unloaded (NP (NP shares) (SBAR (WHNP-1 0) (S (NP-SBJ-2 she) (VP has (VP been (VP aiming (S (NP-SBJ-3 *-2) (VP to (VP get (S (NP-SBJ *-3) (ADJP-PRD rid (PP of (NP *T*-1)))))))))))))) .)) (TOP (S But (NP-SBJ-1 (NP traders) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP risk (NP money) (S-ADV (NP-SBJ *-3) (VP handling (NP (NP big blocks) (PP of (NP stock))))))))) (VP were (VP shaken (NP *-1))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This market) (VP is (VP eating (PRT away) (NP my youth)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Chung Lew) , (NP (NP head equity trader) (PP-LOC at (NP Kleinwort Benson North America Inc)))) .)) (TOP (S `` (NP-SBJ Credibility) (VP sounds (ADJP-PRD intangible)) .)) (TOP (S But (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ we) (VP are (VP losing (NP credibility) (SBAR-PRP because (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the market) (VP does (NP this) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP does n't (VP present (NP itself) (PP-CLR as (NP a rational investment))))))))))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ you) (VP overlook (NP all this)))) , (NP-SBJ it) (VP is (NP-PRD (NP a beautiful market) (PP for (NP investment))) (ADVP-TMP still)) . '')) (TOP (S (NP-SBJ Traders) (VP attributed (NP (NP rallies) (PP in (NP (NP a number) (PP of (NP stocks))))) (PP-CLR to (NP (NP a Japanese buy program) (SBAR (WHNP-1 that) (S (NP-SBJ PaineWebber) (VP carried (PP-CLR out (NP *T*-1)) (PP-CLR as (NP (NP part) (PP of (NP (NP a shift) (PP in (NP portfolio strategy))))))))))) , (PP according (PP to (NP Dow Jones Professional Investor Report)))) .)) (TOP (S (NP-SBJ Dow Jones) (VP climbed (NP-EXT (QP 5 3)) (PP-DIR to (NP 41)) (PP-LOC on (NP (NP (ADJP very heavy) volume) (PP of (NP 786,100 shares))))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ a big Japanese buy order) (VP was (PP-LOC-PRD behind (NP the rise)))))) .)) (TOP (S (NP-SBJ A Dow Jones spokesman) (VP said (SBAR 0 (S (NP-SBJ there) (VP were (NP-PRD (NP no corporate developments) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP account (PP-CLR for (NP the activity))))))))))) .)) (TOP (S (NP-SBJ (NP Other issues) (VP said (S (NP-SBJ-1 *) (VP to (VP be (VP included (NP *-1) (PP-CLR in (NP the buy program)))))))) (VP were (NP-PRD (NP (NP Procter & Gamble) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP rose (NP-EXT (QP 2 7)) (PP-DIR to (NP (QP 133 1))))))) ; (NP (NP Atlantic Richfield) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP gained (NP 2) (PP-DIR to (NP (QP 103 3))))))) , and (NP (NP Rockwell International) , (SBAR (WHNP-4 which) (S (NP-SBJ *T*-4) (VP jumped (NP-EXT (QP 2 3)) (PP to (NP-DIR (QP 27 1))))))))) .)) (TOP (S (NP-SBJ-1 PaineWebber) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ UAL) (VP finished (PP-LOC at (NP 170)) , (ADVP-CLR off (NP (QP 8 3)))) .)) (TOP (S (NP-SBJ (NP Other airline stocks) (PP *ICH*-1)) (VP fell (PP-PRP in (NP (NP response) (PP to (NP (NP the UAL board 's) decision (S (NP-SBJ *) (VP to (VP remain (ADJP-PRD independent) (PP-TMP for now))))))))) , (PP-1 including (NP (NP USAir Group) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP (ADVP-MNR separately) reported (NP (NP (NP a third-quarter loss) (PP of (NP (NP $ 1.86 *U*) (NP-ADV a share)))) (PP compared (PP with (NP a year-ago profit))))))))) .)) (TOP (S (NP-SBJ USAir) (VP fell (NP-EXT (QP 2 1)) (PP-DIR to (NP 40))) .)) (TOP (S (S (NP-SBJ (NP AMR) , (NP (NP the parent) (PP of (NP American Airlines))) ,) (VP fell (NP-EXT (QP 1 3)) (PP-DIR to (NP (QP 68 7))) (PP-LOC on (NP 2.3 million shares)))) ; (S (NP-SBJ Delta Air Lines) (VP lost (NP-EXT (QP 1 1)) (PP-DIR to (NP 66)))) , (S (NP-SBJ Southwest Airlines) (VP slid (NP-EXT 3) (PP-DIR to (NP (QP 24 1))))) and (S (NP-SBJ Midway Airlines) (VP dropped (NP-EXT 1) (PP-DIR to (NP (QP 14 7))))) .)) (TOP (S (NP-SBJ (NP Texas Air) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP Continental) and (NP Eastern airlines))))) ,) (VP lost (NP-EXT 3) (PP-DIR to (NP (QP 13 1))) (PP-LOC on (NP the American Stock Exchange))) .)) (TOP (S (NP-SBJ Metals stocks) (ADVP also) (VP were (ADJP-PRD especially weak) , (SBAR-ADV as (S (NP-SBJ (NP concerns) (PP about (NP (NP the earnings outlook) (PP for (NP cyclical companies))))) (VP weighed (PP-CLR on (NP the group)))))) .)) (TOP (S (S (NP-SBJ (NP Aluminum Co.) (PP of (NP America))) (VP dropped (NP-EXT (QP 1 1)) (PP-DIR to (NP (QP 70 1))))) , (S (NP-SBJ Phelps Dodge) (VP fell (NP-EXT 4) (PP-DIR to (NP (QP 59 7))))) , (S (NP-SBJ Asarco) (VP lost (NP-EXT (QP 1 3)) (PP-DIR to (NP (QP 31 3))))) , (S (NP-SBJ Reynolds Metals) (VP slid (NP-EXT (QP 1 3)) (PP-DIR to (NP (QP 50 3))))) , (S (NP-SBJ Amax) (VP dropped (NP-EXT (QP 1 1)) (PP-DIR to (NP (QP 21 5))))) and (S (NP-SBJ Cyprus Minerals) (VP skidded (NP-EXT 2) (PP-DIR to (NP (QP 26 3))))) .)) (TOP (S (NP-SBJ Alcan Aluminium) (VP was (NP-PRD an exception) , (SBAR-ADV as (S (NP-SBJ it) (VP gained (NP (QP 1 3)) (PP-DIR to (NP 23)) (PP-LOC on (NP (QP two million) shares)))))) .)) (TOP (S (NP-SBJ Goodyear Tire & Rubber) (VP tumbled (NP-EXT (QP 2 7)) (PP-DIR to (NP (QP 43 7)))) .)) (TOP (S (NP-SBJ Its third-quarter earnings) (VP (VP were (ADJP-PRD higher (PP than (ADVP-TMP (NP a year) ago)))) , but (VP fell (ADVP-CLR short (PP of (NP expectations))))) .)) (TOP (S (NP-SBJ (NP Other stocks) (PP-LOC in (NP the Dow industrials)) (SBAR (WHNP-1 that) (S (NP-SBJ-4 *T*-1) (VP failed (S (NP-SBJ *-4) (VP to (VP benefit (PP-CLR from (NP (NP the market 's) rebound))))))))) (VP included (NP (NP (NP United Technologies) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP dropped (NP-EXT 1) (PP-DIR to (NP (QP 53 5))))))) , and (NP (NP Bethle hem Steel) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP fell (NP-EXT 1) (PP-DIR to (NP (QP 16 7))))))))) .)) (TOP (S (NP-SBJ BankAmerica) (VP dropped (NP-EXT (QP 1 1)) (PP-DIR to (NP (QP 29 1))) (PP-LOC on (NP (QP 2.3 million) shares)) (PP-LOC amid (NP rumors (SBAR that (S (NP-SBJ (NP the earthquake) (NP-TMP last week) (PP-LOC in (NP the San Francisco area))) (VP had (VP caused (NP (NP structural damage) (PP to (NP its headquarters building)))))))))) .)) (TOP (S (NP-SBJ The company) (VP (VP denied (NP the rumors)) and (VP noted (SBAR that (S (NP-SBJ it) (VP does n't (VP own (NP the building))))))) .)) (TOP (S (NP-SBJ-1 (NP Stocks) (PP of (NP California-based thrifts))) (ADVP also) (VP were (VP (ADVP-MNR hard) hit (NP *-1))) .)) (TOP (S (S (NP-SBJ Great Western Financial) (VP lost (NP-EXT (QP 1 1)) (PP-DIR to (NP (QP 20 1))) (PP-LOC on (NP (QP 1.6 million) shares)))) , (S (NP-SBJ Golden West Financial) (VP dropped (NP-EXT (QP 1 1)) (PP-DIR to (NP (QP 28 1))))) and (S (NP-SBJ H.F. Ahmanson) (VP dipped (NP-EXT 5) (PP-DIR to (NP (QP 21 1))))) .)) (TOP (S (S (NP-SBJ HomeFed) (VP plunged (NP-EXT (QP 3 5)) (PP-DIR to (NP (QP 38 1))))) ; (S (NP-SBJ its third-quarter earnings) (VP were (ADVP-PRD down (PP from (ADVP-TMP (NP a year) ago))))) .)) (TOP (S (NP-SBJ-2 Golden Valley Microwave Foods) (VP skidded (NP-EXT (QP 3 5)) (PP-DIR to (NP (QP 31 3))) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP warning (SBAR that (S (NP-SBJ-1 its fourth-quarter results) (VP could (VP be (VP hurt (NP *-1) (PP by `` (NP-LGS some (ADJP fairly large) international marketing expenses))))))))))) . '')) (TOP (S (NP-SBJ Dividend-related trading) (VP swelled (NP volume) (PP-LOC in (NP (NP two issues) : (NP (NP (NP Security Pacific) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP fell (NP-EXT 7) (PP-DIR to (NP (QP 44 1)))) and (VP led (NP (NP (NP the Big Board 's) most actives list) (PP on (NP (NP composite volume) (PP of (NP (QP 14.8 million) shares)))))))))) , and (NP (NP Nipsco Industries) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP lost (NP-EXT 3) (PP-DIR to (NP (QP 17 3))) (PP-LOC on (NP (QP 4.4 million) shares)))))))))) .)) (TOP (S (NP-SBJ Both stocks) (VP (VP have (NP (NP dividend yields) (PP of (NP (QP about 5) %)))) and (VP will (VP go (NP ex-dividend) (NP-TMP Wednesday)))) .)) (TOP (S (NP-SBJ Kellogg) (VP surged (NP-EXT (QP 4 1)) (PP-DIR to (NP 75))) .)) (TOP (S (NP-SBJ Donaldson , Lufkin & Jenrette) (VP placed (NP the stock) (PP-LOC on (NP (NP its list) (PP of (NP recommended issues))))) .)) (TOP (S (NP-SBJ The company) (VP noted (SBAR that (S (NP-SBJ-1 its third-quarter results) (VP should (VP be (VP released (NP *-1) (ADVP-TMP (ADVP later (NP this week)) or (ADVP early (NP next week))))))))) .)) (TOP (S (NP-SBJ Vista Chemical) (VP rose (NP-EXT (QP 1 3)) (PP-DIR to (NP (QP 38 5))) (SBAR-TMP after (S (NP-SBJ-1 Bear Stearns) (VP added (NP the stock) (PP-CLR to (NP (NP the firm 's) buy list)) , (S-ADV (NP-SBJ *-1) (VP citing (NP recent price weakness))))))) .)) (TOP (S (S (NP-SBJ (NP Georgia Gulf) , (NP (NP another producer) (PP of (NP commodity chemicals))) ,) (VP advanced (NP-EXT 2) (PP-DIR to (NP (QP 49 1))))) ; (S (NP-SBJ (NP Dallas investor Harold Simmons) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP holds (NP (NP (QP about 10) %) (PP of (NP its shares)))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP has n't (VP raised (NP his stake))))))) .)) (TOP (S (NP-SBJ Norfolk Southern) (VP went (ADVP-CLR up (NP (QP 1 1))) (PP-DIR to (NP (QP 37 7)))) .)) (TOP (S (NP-SBJ (NP The company 's) board) (VP approved (NP (NP the repurchase) (PP of (NP (NP (QP up to 45 million) common shares) , or (NP (NP (QP about 26) %) (PP of (NP (NP its shares) (ADJP outstanding)))))) , (PP-TMP through (NP (NP the end) (PP of (NP 1992)))))) .)) (TOP (S (NP-SBJ Airborne Freight) (VP climbed (NP-EXT (QP 1 1)) (PP-DIR to (NP (QP 38 1)))) .)) (TOP (S (NP-SBJ Its third-quarter earnings) (VP (VP (ADVP more than) doubled (PP-DIR from (ADVP-TMP (NP a year) earlier))) and (VP exceeded (NP (NP analysts ') expectations))) .)) (TOP (S (NP-SBJ (NP John Harland) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP replace (NP American Medical International) (PP-LOC on (NP the S&P 500)) (PP following (NP (NP Wednesday 's) close)))))) ,) (VP gained (NP 5) (PP-DIR to (NP (QP 24 1)))) .)) (TOP (S (NP-SBJ The Amex Market Value Index) (VP fell (NP-EXT 3.10) (PP-DIR to (NP 376.36))) .)) (TOP (S (NP-SBJ Volume) (VP totaled (NP 14,560,000 shares)) .)) (TOP (S (NP-SBJ GANNETT Co.) (VP raised (NP its quarterly dividend) (NP-EXT 11 %) (PP-DIR to (NP (NP 30 cents) (NP-ADV a share))) (PP-DIR from (NP 27 cents)) , (ADJP-ADV payable (NP-TMP Jan. 2 , 1990) , (PP to (NP (NP shares) (PP of (NP record)) (NP-TMP Dec. 8 , 1989))))) .)) (TOP (S (NP-SBJ The action) (VP increases (NP the annual dividend) (PP-DIR to (NP (NP $ 1.20 *U*) (NP-ADV a share))) (PP-DIR from (NP $ 1.08 *U*))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP the 22nd year) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ the Washington media company) (VP has (VP increased (NP dividends) (PP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ (NP Gannett 's) third-quarter earnings) (VP rose (NP-EXT 11 %) (PP-DIR to (NP (NP 52 cents) (NP-ADV a share))) (PP-DIR from (NP (NP 47 cents) (PP-TMP in (NP the year-ago period))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 2.9 %) (PP-DIR to (NP (QP $ 827.9 million) *U*)) (PP-DIR from (NP (QP $ 804.3 million) *U*))) .)) (TOP (S (NP-SBJ Gannett) (VP has (NP (NP (QP 161 million) shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ (NP Fireman 's) Fund Corp.) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP plunged (NP-EXT 85 %) (PP-DIR to (NP (QP $ 7.2 million) *U*)) (PP-DIR from (NP (NP (NP last year 's) (QP $ 49.1 million) *U*) , or (NP (NP 99 cents) (NP-ADV a share)) ,)) (PP-PRP because of (NP (NP (NP ravages) (PP of (NP Hurricane Hugo))) and (NP (NP increased reserves) (PP for (NP legal expenses))))))))) .)) (TOP (S (NP-SBJ (NP Payout) (PP of (NP preferred dividends))) (VP resulted (PP-CLR in (NP (NP a net loss) (PP of (NP (NP five cents) (NP-ADV a share))))) (PP-TMP in (NP the (ADJP most recent) quarter))) .)) (TOP (S (NP-SBJ Revenue) (VP edged (PRT up) (NP-EXT 3.4 %) (PP-DIR to (NP (QP $ 904 million) *U*)) (PP-DIR from (NP (QP $ 874 million) *U*)) (PP-TMP in (NP (NP last year 's) third quarter))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Fireman 's) (VP closed (PP-CLR at (NP (NP $ 35.50 *U*) (NP-ADV a share))) , (ADVP down (NP 50 cents))) .)) (TOP (S (S-TPC-4 (NP-SBJ-3 (NP Impact) (PP of (NP (NP the Oct. 17 San Francisco earthquake) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP recorded (NP *-1) (PP-TMP in (NP the fourth quarter))))))) ,))) (VP is n't (VP expected (S (NP-SBJ *-3) (VP to (VP exceed (NP (NP (QP $ 50 million) *U*) (PP-TMP after (NP taxes))))))))) , (NP-SBJ the company) (VP added (SBAR 0 (S *T*-4))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ the insurance company) (VP said (SBAR 0 (S (NP-SBJ net) (VP fell (NP-EXT 46 %) (PP-DIR to (NP (NP (QP $ 88.8 million) *U*) , or (NP (NP $ 1.54 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 164 million) *U*) , or (NP (NP $ 3.16 *U*) (NP-ADV a share)) ,) (NP-TMP the previous year)))))) .)) (TOP (S (NP-SBJ Revenue) (VP slid (NP-EXT 7 %) (PP-DIR to (NP (QP $ 2.6 billion) *U*)) (PP-DIR from (NP (NP (QP $ 2.8 billion) *U*) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ (NP Fireman 's) Fund property-liability subsidiaries) (VP reported (NP a (ADJP 120.7 %) combined underwriting ratio) (PP-TMP for (NP the nine months)) , (ADVP up (PP from (NP 108.4 %) (PP-TMP for (NP the year-ago period))))) .)) (TOP (S (NP-SBJ Hurricane Hugo) (VP accounted (PP-CLR for (NP (NP (NP (QP about $ 36 million) *U*) (PP in (NP pretax third-quarter losses))) , (NP (NP net) (PP of (NP reinsurance recoveries)))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ there) (VP was (NP-PRD (NP (NP an additional increase) (PP in (NP (NP loss) and (NP loss-expense reserves))) (PP of (NP (QP $ 71 million) *U*))) (VP reflecting (NP (NP `` (ADJP higher than expected) '' development) (PP-LOC in (NP claims) (X legal expenses from to prior periods))))))))) .)) (TOP (S (PP-TMP For (NP the third quarter)) , (NP-SBJ net premiums) (VP were (NP-PRD (QP $ 742 million) *U*) , (ADVP up (NP 9.6 %) (PP from (NP (NP (QP $ 677 million) *U*) (PP-TMP in (NP (NP last year 's) quarter))))) , (PP-PRP because of (NP (NP the expiration) (PP of (NP the National Indemnity quota share reinsurance agreement))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Net premiums) (VP written (NP *) (PP-TMP through (NP Sept. 30)))) (VP fell (NP-EXT 5 %) (PP-DIR to (NP (QP $ 2.1 billion) *U*)) (PP-DIR from (NP (NP (QP $ 2.2 billion) *U*) (ADVP-TMP (NP a year) ago))) , (PP-PRP because of (NP (NP the writing) (PP of (NP fewer policies)) (PP at (NP flat prices)))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Third-quarter and nine-month results) (VP do n't (VP include (NP (NP any provision) (PP for (NP (NP premium returns) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP could (VP be (VP ordered (NP *-1) (PP by (NP-LGS (NP the California Department) (PP of (NP Insurance)))) (PP-LOC under (NP Proposition 103)))))))))))) .)) (TOP (S (NP-SBJ (NP Fireman 's) Fund) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP (VP has (VP applied (PP-CLR for (NP (NP an exemption) (PP from (NP these rate rollbacks)))))) , and (VP plans (S (NP-SBJ *-1) (VP to (VP defend (NP its filing) (PP-LOC in (NP (NP hearings) (PP-LOC before (NP the department)))))))))))) .)) (TOP (S (NP-SBJ CONTROL DATA Corp.) (VP said (SBAR 0 (S (NP-SBJ-3 it) (VP is (VP offering (S (NP-SBJ *-3) (VP to (VP purchase (NP (NP the (ADJP (QP $ 154.2 million) *U*) amount) (PP of (NP (NP its (ADJP (QP 12 3) %) senior notes) (ADJP due (NP-TMP June 15 , 1991)))) (PP *ICH*-2)) , (PP-MNR at (NP par)) , (PP-2 plus (NP (NP (ADJP accrued (PP *ICH*-1)) interest) (PP-1 to (NP the Dec. 8 purchase date)))))))))))) .)) (TOP (S (NP-SBJ The Minneapolis computer systems and services concern) (VP said (SBAR 0 (S (NP-SBJ-1 the offer) (VP is (VP required (NP *-1) (PP-LOC under (NP the senior note indenture)) (PP-PRP as (NP (NP a result) (PP of (NP (NP (NP Control Data 's) recent sale) (PP of (NP (NP its disk drive subsidiary) , (NP Imprimis) ,)) (PP to (NP Seagate Technology Inc))))))))))) .)) (TOP (NP-TTL (NP Child 's) Game)) (TOP (S (S (S (NP-SBJ There) (VP was (NP-PRD (ADJP very slow) play) (PP-LOC on (NP the market)) (NP-TMP today))) , (S (NP-SBJ They) (VP were (VP selling and buying (PP-MNR by (NP halves)))))) ; (S (PP Instead of (S-NOM (NP-SBJ *-1) (VP trading (PP-MNR like (NP Bears and Bulls))))) , (NP-SBJ-1 They) (VP behaved (PP-MNR like (NP cubs and calves)))) .)) (TOP (NP -- George O. Ludcke .)) (TOP (NP-TTL Politrick)) (TOP (S (NP-SBJ I) (VP 've (VP learned (NP (NP one thing) (NP *ICH*-1)) (PP from (NP candidates)) , (NP-1 (NP (NP A technique) (VP (ADVP so deftly) done (NP *))) : (S (SBAR If (S (NP-SBJ-2 a question) (VP ca n't (VP be (VP answered (NP *-2)))))) , (NP-SBJ *) (VP (ADVP-MNR Strongly) answer (NP an unasked one)))))) !)) (TOP (NP -- Mimi Kay .)) (TOP (NP-TTL Foresight)) (TOP (S (NP-SBJ-1 We) (VP need (S (NP-SBJ *-1) (VP to (VP get (S (NP-SBJ a space platform) (VP set (PRT up) (ADVP-TMP soon))))) -- (SBAR-PRP just in case (S (NP-SBJ-2 we) (VP want (S (NP-SBJ *-2) (VP to (VP step (PRT out) (PP-PRP for (NP (NP a breath) (PP of (NP fresh air)))))))))))) .)) (TOP (NP -- Ivern Ball .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ-1 *-2) (VP being (VP whipsawed (NP *-1) (PP by (NP-LGS a volatile stock market)))))) , (NP-SBJ-2 Treasury bonds) (VP closed (ADVP-CLR higher)) .)) (TOP (S But (NP-SBJ junk bonds) (VP took (NP more hits)) .)) (TOP (S (ADVP-TMP Early (PP in (NP the day))) , (NP-SBJ bond dealers) (VP said (SBAR 0 (S (NP-SBJ trading volume) (VP was (ADJP-PRD heavy) (SBAR-TMP as (S (NP-SBJ-1 large institutional investors) (VP scrambled (S (NP-SBJ *-1) (VP to (VP buy (NP long-term Treasury bonds) (PP-PRP on (NP speculation (SBAR that (S (NP-SBJ (NP the stock market 's) volatility) (VP would (VP lead (PP-CLR to (NP a `` flight-to-quality '' rally)))))))))))))))))) .)) (TOP (S (NP-SBJ That) (VP happens (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ nervous stock investors) (VP (VP dump (NP equities)) and (VP buy (NP (NP Treasurys) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP are (UCP-PRD (ADJP-PRD higher (PP in (NP quality))) and (VP (ADVP thus) considered (S (NP-SBJ *-2) (ADJP-PRD safe))))))))) (ADVP-TMP *T*-3))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 (NP Some retail accounts) , (PP such as (NP (NP commercial banks) and (NP pension funds))) ,) (VP wanted (S (NP-SBJ *-1) (VP to (VP get (PP-CLR on (NP the bandwagon)) (SBAR-TMP before (S (NP-SBJ it) (VP was (ADJP-PRD too late))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Sung Won Sohn) , (NP (NP chief economist) (PP-LOC at (NP (NP Norwest Corp.) , (NP Minneapolis))))) .)) (TOP (S (PP-TMP At (NP one point)) , (NP-SBJ the Dow Jones Industrial average) (VP fell (NP-EXT (QP about 80) points) (PP-PRP on (NP news (SBAR that (S (NP-SBJ-1 UAL Corp.) (VP decided (S (NP-SBJ *-1) (VP to (VP remain (ADJP-PRD independent)))))))))) .)) (TOP (S (PP In (NP response)) , (NP-SBJ Treasury prices) (VP soared (NP-EXT (NP (QP 1 1) points) , or (NP (NP (QP about $ 11.25) *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount))))) .)) (TOP (S But (NP-SBJ-1 (NP the gains) (PP-LOC in (NP Treasury bonds))) (VP were (VP pared (NP *-1) (SBAR-ADV as (S (NP-SBJ stocks) (VP staged (NP a partial recovery)))))) .)) (TOP (S (NP-SBJ The industrial average) (VP ended (PP-CLR at (NP 2659.22)) , (ADVP down (NP 3.69 points))) .)) (TOP (S (NP-SBJ Economists) (VP said (SBAR 0 (S (NP-SBJ (NP the bond market 's) strength) (ADVP also) (VP is (NP-PRD a sign (SBAR that (S (NP-SBJ investors) (VP expect (S (NP-SBJ the Federal Reserve) (VP to (VP cut (NP interest rates) (PP-LOC amid (NP growing evidence (SBAR that (S (NP-SBJ the economy) (VP is (VP slowing))))))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ they) (VP do n't (VP expect (S (NP-SBJ the Fed) (VP to (VP move (ADVP-TMP right away)))))))) , (NP-SBJ they) (VP say (SBAR 0 (S (NP-SBJ (NP the case) (PP for (NP lower rates))) (VP is (VP building))))) .)) (TOP (S (NP-TMP Yesterday) , (PP for (NP example)) , (NP-SBJ the Commerce Department) (VP reported (SBAR that (S (NP-SBJ (NP new orders) (PP for (NP durable goods))) (VP fell (NP-EXT 0.1 %)))) , (SBAR-ADV while (S (NP-SBJ (NP the nation 's) auto makers) (VP reported (NP lackluster mid-October sales))))) .)) (TOP (S (NP-SBJ (NP The Treasury 's) 30-year bond) (VP ended (ADVP-CLR (NP (QP over 1) point) higher)) .)) (TOP (S (NP-SBJ (ADJP Municipal , mortgage-backed and investment-grade) corporate bonds) (VP rose (NP-EXT 1) (PP-DIR to (NP 1 point))) .)) (TOP (S But (NP-SBJ (ADJP high-yield , high-risk) bonds) (VP (VP fell (NP-EXT 1) (PP-DIR to (NP 1 point)) (PP with (NP the stock market)) (ADVP-TMP early (PP in (NP the session)))) and (VP (ADVP-TMP never) recovered)) .)) (TOP (S (PP According (PP to (NP (NP a trader) (PP-LOC at (NP Drexel Burnham Lambert Inc.))))) , (NP-SBJ the (ADJP hardest hit) junk bonds) (VP were (NP-PRD (NP (NP those) (VP issued (NP *) (PP by (NP-LGS RJR Holdings Capital Corp.)))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (NP-PRD the easiest (S (NP-SBJ *) (VP to (VP sell))))))))) .)) (TOP (S (NP-SBJ (NP (NP RJR 's) (ADJP 14.70 %) bonds) (ADJP due (NP-TMP 2007))) (VP fell (NP-EXT 2 1 points)) .)) (TOP (S (NP-SBJ (NP Trading activity) (PP-LOC in (NP the junk market))) (VP was (ADJP-PRD extremely light) (SBAR-ADV as (S (NP-SBJ dealers) (VP could n't (VP find (NP (NP enough buyers) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP match (NP sellers))))))))))) .)) (TOP (SINV `` (S-TPC-4 (SBAR-ADV While (S (NP-SBJ the stock market) (VP was (VP falling)))) , (NP-SBJ-2 most -LCB- junk bond holders -RCB-) (VP were (VP (ADVP just) watching (NP it) (S (NP-SBJ-3 *-2) (VP not knowing (SBAR (WHNP-1 what) (S (NP-SBJ *-3) (VP to (VP do (NP *T*-1)))))))))) , '' (VP said (S *T*-4)) (NP-SBJ (NP Paul Suckow) , (NP (NP director) (PP of (NP fixed-income securities)) (PP-LOC at (NP Oppenheimer Management Corp)))) .)) (TOP (S `` (NP-SBJ It) (VP was (PP-PRD like (S-NOM (NP-SBJ-1 *) (VP driving (PP down (NP the highway)) (S-ADV (NP-SBJ *-1) (VP watching (NP a wreck))))))) .)) (TOP (S (NP-SBJ Everybody) (VP was (VP rubber-necking)) . '')) (TOP (SINV (VP-TPC-3 Adding (PP-CLR to (NP (NP the junk market 's) jitters))) (VP were (VP *T*-3)) (NP-SBJ reports (SBAR that (S (NP-SBJ-2 Donaldson , Lufkin & Jenrette Securities Corp.) (VP (VP is (VP having (NP trouble) (S (NP-SBJ *-2) (VP structuring (NP (NP a (ADJP (QP $ 1.6 billion) *U*) offering) (PP for (NP TW Food Services Inc.))))))) and (VP will (VP (VP postpone (NP *RNR*-1)) or (VP (ADVP even) cancel (NP *RNR*-1)) (NP-1 the issue))))))) .)) (TOP (S (NP-SBJ TW) (VP (VP is (NP-PRD (NP the largest franchisee) (PP of (NP (NP (NP Hardee 's)) , (NP a fast-food restaurant) ,)))) and (VP operates (NP several other food chains))) .)) (TOP (S (NP-SBJ Donaldson Lufkin) (VP would n't (VP comment)) .)) (TOP (S (NP-SBJ Credit analysts) (VP said (SBAR 0 (S (NP-SBJ investors) (VP are (ADJP-PRD nervous (PP about (NP the issue))) (SBAR-PRP because (S (NP-SBJ they) (VP say (SBAR 0 (S (NP-SBJ (NP the company 's) ability (S (NP-SBJ *) (VP to (VP meet (NP debt payments))))) (VP is (ADJP-PRD dependent (PP on (NP (NP too many variables) , (PP including (NP (NP (NP the sale) (PP of (NP assets))) and (NP the need (S (NP-SBJ-1 *) (VP to (VP mortgage (NP property) (S-PRP (NP-SBJ *-1) (VP to (VP retire (NP some existing debt))))))))))))))))))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ the TW offering) (VP includes (NP (NP (ADJP interest-deferred and pay-in-kind) securities) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (ADVP-TMP currently) (ADJP-PRD unpopular)))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ investors) (VP turned (NP-PRD a cold shoulder) (PP-CLR to (NP (NP (NP the Treasury 's) sale) (PP of (NP (NP (QP $ 10 billion) *U*) (PP of (NP new two-year notes)))) (NP-TMP yesterday)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP 's not (ADJP-PRD too surprising) (SBAR-2 that (S (NP-SBJ the auction) (VP was (ADJP-PRD sloppy)))) , (S-ADV (NP-SBJ *) (VP given (NP (NP the volatility) (PP-LOC in (NP the bond market)) (PP-PRP because of (NP stocks))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Robert T. McGee) , (NP (NP a senior vice president) (PP-LOC at (NP Tokai Bank Ltd)))) .)) (TOP (S `` (S (NP-SBJ People) (VP are (VP looking (PP past (NP supply)) (PP-CLR to (NP lower interest rates))))) , but (S (NP-SBJ-2 they) (VP 're (ADVP also) (ADJP-PRD worried (PP about (S-NOM (NP-SBJ-1 *-2) (VP being (VP whipsawed (NP *-1) (PP by (NP-LGS (NP the volatility) (PP-LOC in (NP the stock market))))))))))) . '')) (TOP (S (NP-SBJ-1 The new two-year notes) (VP were (VP priced (NP *-1) (PP-CLR with (NP (NP an average yield) (PP of (NP 7.74 %)))))) .)) (TOP (S (NP-SBJ That) (VP was (ADJP-PRD higher (PP than (NP (NP the (ADJP (QP 7.71 % to 7.73) %) average yield) (SBAR (WHNP-1 that) (S (NP-SBJ traders) (VP had (VP expected (NP *T*-1))))))))) .)) (TOP (S (PP-LOC In (NP when-issued trading)) , (NP-SBJ-1 the notes) (VP were (VP quoted (NP *-1) (PP-CLR at (NP (NP a price) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP yield (NP 7.78 %))))))))) .)) (TOP (S (NP-SBJ-1 Sluggish demand) (VP was (ADVP also) (VP evidenced (NP *-1) (PP by (NP-LGS (NP the weak 2.41-to-1 bid-to-cover ratio) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP was (ADJP-PRD lower (PP than (NP (NP the average 2.79-to-1 ratio) (PP-LOC at (NP the last 12 similar auctions)))))))))))) .)) (TOP (S (NP-SBJ-3 (NP The ratio) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP reflects (NP (NP the number) (PP of (NP bids)) (SBAR (WHNP-2 0) (S (NP-SBJ the Treasury) (VP receives (NP *T*-2) (PP for (NP (NP each bid) (VP accepted (NP *))))))))))) ,) (VP is (VP used (NP-4 *-3) (S-CLR (NP-SBJ *-4) (VP to (VP gauge (NP investor demand)))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ players) (VP shied (PRT away) (PP from (NP the note sale)) (SBAR-PRP because (S (NP-SBJ they) (VP were (ADJP-PRD concerned (SBAR that (S (NP-SBJ (NP prices) (PP-TMP at (NP (NP the time) (PP of (NP the auction))))) (VP might (VP erode (SBAR-ADV if (S (NP-SBJ the stock market) (VP (VP staged (NP a recovery)) , (SBAR (WHNP-1 which) , (S (PP in (NP fact)) , (NP-SBJ *T*-1) (VP did (VP happen))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Individual and Japanese participation) (PP-LOC in (NP the auction))) (VP was (ADJP-PRD disappointing) , (PP according (PP to (NP dealers)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP Interest) (PP by (NP Japanese investors))) (VP was (ADJP-PRD limited))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Michael Moran) , (NP (NP chief economist) (PP-LOC at (NP Daiwa Securities America Inc)))) .)) (TOP (S `` (S (NP-SBJ They) (VP are (ADVP typically) (ADJP-PRD not active (PP in (NP two-year note auctions))))) , but (S (NP-SBJ-1 (NP today 's) participation) (VP could (VP be (VP viewed (NP *-1) (PP-CLR as (ADJP lighter-than-normal)))))) . '')) (TOP (S (ADVP However) , (NP-SBJ Mr. Moran) (VP added (SBAR that (S (NP-SBJ the Japanese) (ADVP generally) (VP have (NP (NP a positive view) (PP of (NP the U.S. bond market))) (PP-PRP because of (NP expectations (SBAR that (S (S (NP-SBJ the dollar) (VP will (VP remain (ADJP-PRD strong)))) and (S (NP-SBJ interest rates) (VP will (VP decline))))))))))) .)) (TOP (S (NP-SBJ He) (VP said , `` (S (ADVP Possibly) , (NP-SBJ-2 they) (VP 're (VP waiting (S (NP-SBJ *-2) (VP to (VP buy (PP-LOC at (NP (NP (NP the (PRN -LRB- quarterly -RRB-) refunding '') (PP of (NP government debt))) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP held (NP *-1) (NP-TMP next month) (PP by (NP-LGS the Treasury)))))))))))))))) .)) (TOP (S (NP-SBJ (NP A trader) (PP-LOC at (NP a Japanese firm))) (VP estimated (SBAR that (S (NP-SBJ the Japanese) (VP purchased (NP (NP (QP no more than 10) %) (PP of (NP the two-year notes))))))) .)) (TOP (NP Treasury , Agency Securities)) (TOP (S (NP-TMP Today) (NP-SBJ investors) (VP will (VP focus (PP-CLR on (NP (NP the long-awaited auction) (PP of (NP (NP (QP $ 4.5 billion) *U*) (PP of (NP 30-year bonds)))) (PP by (NP Resolution Funding Corp)))))) .)) (TOP (S (NP-SBJ-3 (NP The initial bond offering) (PP by (NP (NP the new government agency) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP was (VP created (NP *-2) (S-PRP (NP-SBJ *) (VP to (VP help (VP rescue (NP (NP the nation 's) troubled thrifts))))))))) ,))) (VP is n't (VP expected (S (NP-SBJ *-3) (VP to (VP see (NP robust demand)))))) .)) (TOP (S (NP-SBJ (NP (NP A small yield premium) (PP over (NP comparable Treasurys))) and (NP (NP a lack) (PP of (NP liquidity)))) (VP is (VP hampering (NP (NP dealers ') efforts (S (NP-SBJ *) (VP to (VP drum (PRT up) (NP (NP interest) (PP-LOC in (NP the so-called bailout bonds))))))))) .)) (TOP (S (PP-LOC In (NP when-issued trading)) , (NP-SBJ-1 the Refcorp bonds) (VP were (VP quoted (NP *-1) (PP-CLR at (NP (NP a price) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP yield (NP 8.17 %))))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ-1 the benchmark 30-year bond) (VP was (VP quoted (NP *-1) (ADVP-TMP late) (PP-CLR at (NP (NP (NP 102 18) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP yield (NP 7.89 %)))))) , (PP compared (PP with (NP (NP 102 9) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP yield (NP 7.93 %) (PP-TMP on (NP Monday))))))))))))) .)) (TOP (S (NP-SBJ-1 The latest 10-year Treasury) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP (NP 100 22) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP yield (NP 7.88 %)))))) , (PP compared (PP with (NP (NP 100 17) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP yield (NP 7.9 %)))))))))))) .)) (TOP (S (NP-SBJ Short-term rates) (VP were (ADJP-PRD unchanged (PP to (ADJP slightly lower)))) .)) (TOP (S (NP-SBJ-1 (NP The discount rate) (PP on (NP three-month Treasury bills))) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP 7.52 %) (PP for (NP (NP a bond-equivalent yield) (PP of (NP 7.75 %)))))) , (SBAR-ADV while (S (NP-SBJ-2 (NP the rate) (PP on (NP six-month Treasury bills))) (VP was (VP quoted (NP *-2) (PP-CLR at (NP (NP 7.47 %) (PP for (NP (NP a yield) (PP of (NP 7.85 %)))))))))))) .)) (TOP (S (NP-SBJ-1 Rates) (VP are (VP determined (NP *-1) (PP by (NP-LGS (NP the difference) (PP between (NP (NP the purchase price) and (NP face value))))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ higher bidding) (VP narrows (NP (NP the investor 's) return) (SBAR-ADV while (S (NP-SBJ lower bidding) (VP widens (NP it))))) .)) (TOP (NP Corporate Issues)) (TOP (S (NP-SBJ-1 Several blue-chip companies) (VP tapped (NP the new-issue market) (NP-TMP yesterday) (S-PRP (NP-SBJ *-1) (VP to (VP take (NP advantage) (PP-CLR of (NP falling interest rates)))))) .)) (TOP (S (NP-SBJ-1 (NP Three) (PP of (NP (NP the largest offerings ,) (PP by (NP (NP Exxon Capital Corp.) , (NP Xerox Corp.) and (NP Citicorp))) ,))) (VP were (VP underwritten (NP *-1) (PP by (NP-LGS (NP groups) (VP led (NP *) (PP by (NP-LGS Salomon Brothers Inc))))))) .)) (TOP (S (NP-SBJ (NP Exxon Capital) , (ADJP long-rumored (S (NP-SBJ *) (VP to (VP be (NP-PRD a potential debt issuer))))) ,) (VP offered (NP (NP (QP $ 200 million) *U*) (PP of (NP (NP 10-year notes) (VP priced (NP-2 *) (S (NP-SBJ *-2) (VP to (VP yield (NP 8.31 %))))))))) .)) (TOP (S (S (NP-SBJ Citicorp) (VP issued (NP (NP (QP $ 200 million) *U*) (PP of (NP (NP seven-year notes) (VP priced (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 8.82 %)))))))))) , and (S (NP-SBJ Xerox) (VP priced (NP-2 (NP (QP $ 150 million) *U*) (PP of (NP six-year notes))) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 8.85 %)))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 International Business Machines Corp.) (VP paved (NP (NP the way) (PP for (NP (NP a visit) (PP to (NP the credit markets))))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP filing (NP (NP a shelf registration) (PP *ICH*-2)) (PP-CLR with (NP the Securities and Exchange Commission)) (PP-2 for (NP (NP (QP $ 800 million) *U*) (PP in (NP new debt)))))))) .)) (TOP (S (NP-SBJ This) (VP is (PP-PRD in (NP (NP addition) (PP to (NP (NP (NP IBM 's) existing shelf registration) (SBAR (WHPP-1 under (WHNP which)) (S (NP-SBJ (NP (QP $ 200 million) *U*) (PP in (NP debt securities))) (VP are (ADJP-PRD available (PP for (NP issuance))) (PP-LOC *T*-1))))))))) .)) (TOP (S (PP-LOC In (NP secondary trading)) , (NP-SBJ investment-grade corporate bonds) (VP ended (ADVP-CLR (NP (QP 1 to 1)) higher)) .)) (TOP (NP Municipals)) (TOP (S (NP-SBJ (ADJP Actively traded) municipal bonds) (VP ended (ADVP-CLR (NP (QP 1 to 1) point) higher) (PP-LOC in (NP brisk trading)) , (PP despite (NP (NP a flood) (PP of (NP new supply))))) .)) (TOP (S (NP-SBJ (NP (NP New Jersey Turnpike Authority 's) (ADJP 7.20 %) issue) (PP of (NP 2018))) (VP finished (ADVP (NP 1 point) stronger) (PP-CLR at (NP (NP (QP 98 1) bid) , (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP yield (NP 7.32 %)))))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ-1 municipals) (VP were (VP underpinned (NP *-1) (PP by (NP-LGS (NP influences) (PP including (NP (NP the climb) (PP-LOC in (NP Treasury issue prices))))))))))) .)) (TOP (S (S-TPC-1 (ADVP Also) , (NP-SBJ municipal bonds) (VP lured (NP buying) (SBAR-PRP because (S (NP-SBJ the stock market) (VP remains (ADJP-PRD wobbly)))))) , (NP-SBJ traders) (VP contended (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (ADVP Mainly) , (ADVP though) , (NP-SBJ it) (VP was (NP-PRD (NP a favorable outlook) (PP for (NP (NP (NP yesterday 's) new supply) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP propped (PRT up) (NP municipals))))))))) , (NP-SBJ some traders) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (SINV (PP-LOC-TPC-PRD-1 Among (NP the new issues)) (VP was (PP-LOC-PRD *T*-1)) (NP-SBJ (NP (NP Massachusetts 's) (QP $ 230 million) *U*) (PP of (NP general obligation bonds))) .)) (TOP (S (NP-SBJ-1 The bonds) (VP were (VP won (NP *-1) (PP by (NP-LGS a Goldman , Sachs & Co. group)) (PP with (NP (NP a true interest cost) (PP of (NP 7.17 %)))))) .)) (TOP (S (NP-SBJ-1 They) (VP were (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP-CLR (PP from (NP 6.00 %) (PP-TMP in (NP 1990))) (PP to (NP 7.20 %) (PP-TMP in (NP 2009))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The Massachusetts deal) (VP had (NP (NP an unsold balance) (PP of (NP (QP $ 84.3 million) *U*))) (PP-LOC in (NP late trading)))) , (NP-SBJ the underwriter) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (NP (ADJP Mortgage - , Asset-Backed) Securities)) (TOP (S (NP-SBJ Mortgage securities) (VP gained (NP (QP 3 to 9) point) (PP-TMP after (NP a hectic session)) , (PP with (NP (NP Government National Mortgage Association (ADJP 8 %) securities) (PP as (NP the standout issue))))) .)) (TOP (S (NP-SBJ The Ginnie Mae issue) (VP rose (PP-LOC amid (NP (NP talk) (PP of (NP (NP large purchases) (PP of (NP the securities)) (PP by (NP institutional investors))))))) .)) (TOP (S (NP-SBJ The derivative markets) (VP remained (ADJP-PRD active) (SBAR-ADV as (S (S (NP-SBJ-1 one new issue) (VP was (VP priced (NP *-1)))) and (S (NP-SBJ (NP talk) (PP *ICH*-2)) (VP circulated (PP-2 about (NP (NP more offerings) (PP-TMP in (NP the next day or two))))))))) .)) (TOP (S (NP-SBJ The Federal Home Loan Mortgage Corp.) (VP issued (NP (NP a (ADJP (QP $ 500 million) *U*) real estate mortgage investment conduit) (VP backed (NP *) (PP by (NP-LGS its (ADJP (QP 8 1) %) securities))))) .)) (TOP (S (PP-LOC In (NP the asset-backed market)) , (NP-SBJ-1 (NP a big offering) (PP of (NP Ford Motor Credit Corp . auto-loan securities))) (VP was (VP increased (NP *-1) (PP-CLR in (NP size)) (PP-TMP after (NP strong institutional demand)))) .)) (TOP (S (NP-SBJ-1 (NP The deal) (PP by (NP the Ford Motor Co. unit)) , (VP priced (NP *) (NP-TMP Monday)) ,) (VP was (VP increased (NP *-1) (PP-DIR to (NP (QP $ 3.05 billion) *U*)) (PP-DIR from (NP (QP $ 2.58 billion) *U*)))) .)) (TOP (S (PP-LOC Among (NP major pass-through issues)) , (S (NP-SBJ-1 (NP Ginnie Mae (ADJP 9 %) securities) (PP-TMP for (NP November delivery))) (VP ended (PP-CLR at (NP 98 15/32)) , (ADVP up (NP 5/32)) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP touching (NP (NP an early high) (PP of (NP 98 27/32)))))))) ; (S (S (NP-SBJ-2 (ADJP 8 %) securities) (VP were (PP-PRD-3 at (NP 94 5/32)) , (ADVP-4 up (NP 9/32)))) ; (S (NP-SBJ=2 (ADJP (QP 9 1/2) %) securities) (PP-PRD=3 at (NP 100 15/32)) , (ADVP=4 up (NP 4/32))) ; and (S (NP-SBJ=2 (ADJP 10 %) securities) (PP-PRD=3 at (NP 102 11/32)) , (ADVP=4 up (NP 3/32)))) .)) (TOP (S (NP-SBJ Freddie Mac (ADJP 9 %) securities) (VP were (PP-PRD at (NP 97 21/32)) , (ADVP up (NP 5/32))) .)) (TOP (S (NP-SBJ The Ginnie Mae (ADJP 9 %) issue) (VP was (VP yielding (NP 9.34 %) (PP to (NP a 12-year average life assumption)) , (SBAR-TMP as (S (NP-SBJ (NP the spread) (PP above (NP the Treasury 10-year note))) (VP held (PP-LOC at (NP 1.46 percentage points))))))) .)) (TOP (NP Foreign Bonds)) (TOP (S (NP-SBJ The Eurodollar bond market) (VP sprang (PP-CLR to (NP life)) (ADVP-TMP late (PP in (NP the European trading session))) (SBAR-TMP after (S (NP-SBJ the Dow Jones Industrial Average) (VP tumbled)))) .)) (TOP (S (S (NP-SBJ-2 Eurodollar bonds) (VP are (ADVP-TMP often) (VP issued (NP *-2) (PP by (NP-LGS foreign corporations))))) , but (S (NP-SBJ-1 interest and principal) (VP are (VP paid (NP *-1) (PP-MNR in (NP dollars))))) .)) (TOP (S (NP-SBJ The bonds) (VP ended (ADVP-CLR (NP (QP about 1) point) higher) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ (NP Prices) (PP of (NP European government bonds))) (ADVP also) (VP rose (SBAR-TMP as (S (NP-SBJ U.S. stocks) (VP declined)))) .)) (TOP (S (NP-SBJ (NP (NP West Germany 's) (ADJP 7 %) issue) (ADJP due (NP-TMP October 1999))) (VP rose (NP-EXT 0.13 point) (PP-DIR to (NP 99.93)) (S-ADV (NP-SBJ *) (VP to (VP yield (NP 7.01 %)))) , (SBAR-ADV while (S (NP-SBJ (NP the (ADJP (QP 6 3) %) issue) (ADJP due (NP-TMP July 1994))) (VP rose (NP-EXT 0.05) (PP-DIR to (NP 97.70)) (S-ADV (NP-SBJ *) (VP to (VP yield (NP 7.33 %)))))))) .)) (TOP (S (NP-SBJ (NP (NP Britain 's) (ADJP (QP 11 3) %) Treasury bond) (ADJP due (NP-TMP 2003))) (VP rose (NP-EXT 17) (PP-DIR to (NP 112 6)) (S-ADV (NP-SBJ *) (VP to (VP yield (NP 10.05 %)))) , (SBAR-ADV while (S (NP-SBJ (NP the (ADJP 12 %) notes) (ADJP due (NP-TMP 1995))) (VP rose (NP-EXT 11) (PP-DIR to (NP 104 2)) (S-ADV (NP-SBJ *) (VP to (VP yield (NP 10.93 %)))))))) .)) (TOP (S (PP-LOC In (NP Japan)) , (NP-SBJ government bond prices) (VP fell) .)) (TOP (S (NP-SBJ (NP The No. 111 (ADJP 4.6 %) bond) (ADJP due (NP-TMP 1998))) (VP ended (PP-LOC on (NP (NP brokers ') screens)) (PP-CLR at (NP 95.22)) , (ADVP down (NP 0.17 point)) , (S-ADV (NP-SBJ *) (VP to (VP yield (NP 5.41 %))))) .)) (TOP (S (NP-SBJ (NP BSB BANCORP Inc.) , (NP-LOC (NP Binghamton) , (NP N.Y.)) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP increased (NP its regular quarterly dividend) (NP-EXT 50 %) , (PP-DIR to (NP (NP 15 cents) (NP-ADV a share))) (PP-DIR from (NP 10 cents)))))) .)) (TOP (S (NP-SBJ It) (VP is (ADJP-PRD payable (NP-TMP Dec. 10) (PP to (NP (NP stock) (PP of (NP record)) (NP-TMP Nov. 24))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The move) (VP was (VP made (NP *-1) (PP-PRP because of (NP (NP the bank-holding company 's) increased profitability))))) , (NP-SBJ officials) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-TMP In (NP the third quarter)) , (NP-SBJ BSB) (VP earned (NP (QP $ 2 million) *U*) , (ADVP up (PP from (NP (QP $ 1.8 million) *U*) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) (NP-TMP yesterday) , (NP-SBJ BSB) (VP closed (PP-CLR at (NP $ 17.50 *U*)) , (ADVP up (NP 12.5 cents))) .)) (TOP (S (NP-SBJ BSB) (VP has (NP (NP (QP 3.1 million) shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ (NP Staar Surgical Co. 's) board) (VP said (SBAR (SBAR that (S (NP-SBJ it) (VP has (VP removed (NP Thomas R. Waggoner) (PP-CLR as (NP president and chief executive officer)))))) and (SBAR that (S (NP-SBJ-1 (NP John R. Wolf) , (NP (ADVP-TMP formerly) (NP executive vice president) , (NP sales and marketing)) ,) (VP has (VP been (VP named (S (NP-SBJ *-1) (NP-PRD (NP president) and (NP chief executive officer)))))))))) .)) (TOP (S (NP-SBJ Mr. Waggoner) (VP has (VP been (ADJP-PRD involved (PP in (NP (NP a dispute) (PP with (NP the board))))) (PP-TMP since (NP (NP August) , (SBAR (WHADVP-1 when) (S (NP-SBJ he) (VP ousted (NP all the directors) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (ADVP-TMP Later) (NP-SBJ they) (VP said (SBAR 0 (S (S (NP-SBJ they) (VP fired (NP him))) , and (S (NP-SBJ-1 two directors) (VP attempted (S (NP-SBJ *-1) (VP to (VP place (NP the company) (PP-CLR-LOC under (NP bankruptcy-law protection)))))))))) .)) (TOP (S (NP-SBJ A federal judge) (VP turned (PRT down) (NP the Chapter 11 petition)) .)) (TOP (S (NP-SBJ (NP The company 's) latest announcement) (VP said (SBAR 0 (S (NP-SBJ Mr. Waggoner) (VP will (VP remain (NP-PRD (NP a director) (PP of (NP (NP Staar) , (NP (NP a maker) (PP of (NP (NP products) (PP for (NP small-incision surgery))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Wolf) and (NP (NP other members) (PP of (NP the board)))) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the announcement)))))) .)) (TOP (S (NP-SBJ-1 Mr. Waggoner) (VP could n't (VP be (VP reached (NP *-1)))) .)) (TOP (S (NP-SBJ The Staar board) (ADVP also) (VP said (SBAR (SBAR that (S (NP-SBJ John R. Ford) (VP resigned (PP-CLR as (NP a director))))) , and (SBAR that (S (NP-SBJ-1 Mr. Wolf) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP a member) (PP of (NP the board)))))))))) .)) (TOP (S (NP-SBJ EAST GERMANY'S KRENZ) (VP WARNED (PP-CLR against (NP further pro-democracy protests))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ the legislature) (VP confirmed (NP him) (PP-CLR as (NP the Communist Party leader))))) , (NP-SBJ Krenz) (VP said (SBAR 0 (S (NP-SBJ demonstrations (S (NP-SBJ *) (VP to (VP demand (NP democratic freedoms))))) (VP could (VP cause (NP (NP (NP a `` worsening) (PP of (NP the situation))) , or (NP confrontation))))))) . '')) (TOP (S (NP-SBJ He) (ADVP also) (VP reaffirmed (NP (NP (NP East Germany 's) allegiance) (PP to (NP Communist orthodoxy)))) .)) (TOP (S But (NP-SBJ-1 (QP as many as 12,000) people) (VP marched (PP-LOC in (NP East Berlin)) (PP-TMP after (NP the speech)) (S-PRP (NP-SBJ *-1) (VP to (VP protest (NP his election))))) .)) (TOP (S (PP-TMP During (NP the balloting)) , (NP-SBJ (NP 26 members) (PP of (NP the 500-seat Parliament))) (VP (VP voted (PP-CLR against (NP Krenz))) , (NP (NP a move) (VP considered (S (NP-SBJ *) (ADJP-PRD unprecedented) (PP-TMP in (NP (NP the country 's) 40-year history)))))) .)) (TOP (S (NP-SBJ-1 (NP Officials) (PP-LOC in (NP East Berlin))) , (S-ADV (NP-SBJ *-1) (VP responding (PP-CLR to (NP (NP complaints) (PP from (NP opposition groups)))))) , (VP admitted (SBAR 0 (S (NP-SBJ-2 police) (VP used (NP excessive force) (PP in (S-NOM (NP-SBJ *-2) (VP dispersing (NP protesters) (NP-TMP this month)))))))) .)) (TOP (S (NP-SBJ-1 The Iran-Contra judge) (VP agreed (S (NP-SBJ *-1) (VP to (VP allow (S (NP-SBJ Poindexter) (VP to (VP subpoena (NP (NP the personal papers) (PP of (NP ex-President Reagan))))))))) , (S-ADV (NP-SBJ *-1) (VP ruling (SBAR that (S (NP-SBJ there) (VP was (NP-PRD sufficient evidence (SBAR that (S (NP-SBJ the data) (VP would (VP be (ADJP-PRD important (PP to (NP the defense)))))))))))))) .)) (TOP (S But (NP-SBJ the judge) (VP denied (NP (NP a request (S *ICH*-2)) (PP by (NP (NP the former national security adviser) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP faces (NP five criminal charges)))) ,)) (S-2 (NP-SBJ *) (VP to (VP seek (NP documents) (PP from (NP Bush))))))) .)) (TOP (S (NP-SBJ San Francisco Bay area officials) (VP said (SBAR 0 (S (NP-SBJ nine people) (VP remain (ADJP-PRD missing) (PP-LOC in (NP (NP the aftermath) (PP of (NP (NP last week 's) earthquake)))))))) .)) (TOP (S (NP-SBJ The death toll) (VP rose (PP to (NP 63))) .)) (TOP (S (NP-SBJ The House) , (ADVP meanwhile) , (VP approved (NP (NP (QP $ 2.85 billion) *U*) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP aid (PP-CLR in (NP (NP the recovery) (PP (PP from (NP the temblor)) and (PP from (NP Hurricane Hugo)))))))))) (SBAR-ADV as (S (NP-SBJ state legislators) (VP moved (PP-DIR toward (NP a temporary sales-tax increase)))))) .)) (TOP (S (NP-SBJ U.S. officials) (VP expressed (NP (NP skepticism) (PP over (NP an Israeli effort (S (NP-SBJ *) (VP to (VP show (SBAR 0 (S (NP-SBJ-1 the PLO) (VP continues (S (NP-SBJ *-1) (VP to (VP practice (NP terrorism)))))))))))))) .)) (TOP (S (S (NP-SBJ Israel) (VP provided (NP the State Department) (PP-CLR with (NP (NP a list) (PP of (NP (NP recent alleged terrorist incidents) (VP attributed (NP *) (PP-CLR to (NP (NP forces) (VP controlled (NP *) (PP by (NP-LGS Arafat)))))))))))) , but (S (NP-SBJ the U.S.) (VP said (SBAR 0 (S (NP-SBJ it) (VP was n't (ADJP-PRD satisfied (SBAR that (S (NP-SBJ the incidents) (VP constituted (NP terrorism)))))))))) .)) (TOP (S (NP-SBJ-1 TV evangelist Jim Bakker) (VP was (VP (VP sentenced (PP-CLR to (NP (NP 45 years) (PP-LOC in (NP prison))))) and (VP fined (NP $ 500,000 *U*)) (PP-PRP for (S-NOM (NP-SBJ *-1) (VP defrauding (NP (NP followers) (PP of (NP his PTL ministry)))))))) .)) (TOP (S (NP-SBJ-1 (NP Bakker) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP was (ADVP-TMP immediately) (VP taken (PP-CLR into (NP custody)))))) ,) (VP was (VP convicted (NP *-1) (NP-TMP Oct. 5) (PP by (NP-LGS (NP a federal court jury) (PP-LOC in (NP (NP Charlotte) , (NP N.C.) ,)))) (PP-CLR of (NP fraud and conspiracy)) (PP-PRP for (S-NOM (NP-SBJ *-1) (VP diverting (NP (NP (QP more than $ 3.7 million) *U*) (PP of (NP ministry funds))) (PP-PRP for (NP personal use))))))) .)) (TOP (S (NP-SBJ-1 (NP Lawmakers) (PP-LOC in (NP Moscow))) (VP voted (S (NP-SBJ *-1) (VP to (VP deny (NP the Communist Party) (NP (NP its 100 guaranteed seats) (PP-LOC in (NP the Soviet Congress)))))) , (S-ADV (NP-SBJ *) (VP meaning (SBAR 0 (S (NP-SBJ-2 (NP Gorbachev) and (NP other aides)) (VP might (VP have (S (NP-SBJ *-2) (VP to (VP face (NP voters))))))))))) .)) (TOP (S (PP-LOC In (NP Warsaw)) , (NP-SBJ-1 Shevardnadze) (VP (VP held (NP (NP his first talks) (PP with (NP the Solidarity-led government)))) and (VP vowed (S (NP-SBJ *-1) (VP to (VP maintain (NP fuel supplies)))))) .)) (TOP (S (NP-SBJ-1 (NP Poland 's) premier) (VP is (S (NP-SBJ *-1) (VP to (VP visit (NP Moscow) (NP-TMP next month))))) .)) (TOP (S (NP-SBJ The Arab League) (VP pledged (NP (NP an accord) (PP for (NP (NP a complete Syrian troop pullout) (PP from (NP (NP Lebanon) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 (QP about 70,000) people) (VP marched (PP-DIR to (NP (NP the headquarters) (PP of (NP Christian leader Aoun)))) (S-PRP (NP-SBJ *-1) (VP to (VP support (NP (NP his rejection) (PP of (NP (NP a peace plan) (VP approved (NP *) (NP-TMP Sunday) (PP by (NP-LGS (NP Lebanon 's) legislature))))))))) (ADVP-LOC *T*-2)))))))))) .)) (TOP (S (NP-SBJ The plan) (VP lacked (NP a withdrawal timetable)) .)) (TOP (S (NP-SBJ Pro-Iranian kidnappers) (VP renewed (NP an offer (S (NP-SBJ *) (VP to (VP trade (NP (NP their captives) (PP-LOC in (NP Lebanon))) (PP-CLR for (NP (NP (QP at least 15) Shiite Moslem comrades) (VP jailed (NP *) (PP-LOC in (NP Kuwait)))))))))) .)) (TOP (S (NP-SBJ-1 (NP The statement) (PP by (NP (NP Islamic Jihad) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP holds (NP (QP at least two) U.S. hostages)))) ,))) (VP was (VP accompanied (NP *-1) (PP by (NP-LGS (NP a photograph) (PP of (NP (NP Associated Press correspondent Terry Anderson) , (VP (ADVP longest) held (NP *) (PP of (NP 18 Western hostages))))))))) .)) (TOP (S (NP-SBJ The Treasury Department) (VP said (SBAR 0 (S (NP-SBJ S&Ls) (VP reject (NP blacks) (PP-CLR for (NP mortgage loans)) (ADVP-TMP twice as often (SBAR as (S (NP-SBJ they) (VP reject (NP whites))))))))) .)) (TOP (S (NP-SBJ (NP The department 's) (NP Office) (PP of (NP Thrift Supervision))) (VP (VP said (SBAR 0 (S (NP-SBJ that) (VP does n't (ADVP necessarily) (VP mean (SBAR 0 (S (NP-SBJ-1 thrifts) (VP are (VP biased (NP *-1)))))))))) , but (VP conceded (SBAR that (S (NP-SBJ it) (VP does n't (VP have (NP (NP data) (PP about (NP applicants)) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP determine (SBAR (WHADVP-4 why) (S (NP-SBJ-2 blacks) (VP are (VP rejected (NP *-2) (ADVP-TMP more often) (ADVP-PRP *T*-4)))))))))))))))) .)) (TOP (S (NP-SBJ Emergency crews) (VP searched (PP-LOC through (NP (NP the charred rubble) (PP of (NP (NP a Phillips Petroleum Co. plastics plant) (PP-LOC near (NP (NP Pasadena) , (NP Texas))) , (SBAR (WHADVP-1 where) (S (NP-SBJ (NP a series) (PP of (NP explosions)) (NP-TMP Monday)) (VP (VP killed (NP (QP at least two) people)) and (VP injured (NP 124)) (ADVP-LOC *T*-1))))))))) .)) (TOP (S (NP-SBJ Company officials) (VP said (SBAR 0 (S (NP-SBJ-1 22 workers) (VP were (VP (VP missing) and (VP presumed (S (NP-SBJ *-1) (ADJP-PRD dead)))))))) .)) (TOP (S (NP-SBJ Safety authorities) (VP did n't (ADVP-TMP immediately) (VP know (NP (NP the cause) (PP of (NP the blasts))))) .)) (TOP (S (NP-SBJ NATO defense ministers) (VP opened (NP (NP a two-day meeting) (PP-LOC in (NP Portugal)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP assess (NP (NP the alliance 's) nuclear-weapons needs) (PP-LOC amid (NP reduced East-West tensions)))))))) .)) (TOP (S (NP-SBJ The ministers) (VP ordered (NP (NP a study) (PP on (NP (NP the strategic role) (PP of (NP (NP nuclear arms) (PP-LOC in (NP Western Europe)))) (SBAR-TMP once (S (NP-SBJ-1 Soviet conventional weapons) (VP are (VP reduced (NP *-1) (PP-LOC in (NP the East bloc)))))))))) .)) (TOP (S (NP-SBJ-1 The Justice Department) (VP scrambled (S (NP-SBJ *-1) (VP to (VP play (PRT down) (NP (NP the significance) (PP of (NP (NP revised guidelines) (VP concerning (NP (NP prosecutions) (PP-LOC under (NP the federal racketeering law))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The guidelines) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP discourage (NP-3 prosecutors) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP seeking (NP (NP court orders) (VP seizing (NP (NP the assets) (PP of (NP certain racketeering defendants))) (ADVP-TMP prior (PP to (NP trial))))))))))) ,) (VP were (VP (ADVP first) disclosed (NP *-1) (NP-TMP this week))) .)) (TOP (FRAG (VP Died) : (NP (NP S. Clark Beise) , (NP 91) , (NP (NP (NP ex-president) and (NP chief executive officer)) (PP of (NP (NP Bank) (PP of (NP America NT&SA)))))) , (NP-TMP Saturday) , (PP-LOC in (NP (NP Hillsboro) , (NP Calif))) .)) (TOP (S (NP-SBJ STOCK PRICES) (VP SWUNG (ADVP-MNR wildly) (SBAR-TMP as (S (NP-SBJ the market) (VP reacted (PP-CLR to (NP (NP (NP an initial plunge) (PP by (NP UAL shares))) , (VP followed (NP *) (PP by (NP-LGS (NP a sharp rebound) (PP-TMP in (NP the afternoon))))))))))) .)) (TOP (S (NP-SBJ (NP The Dow Jones industrials) , (ADVP down (NP (QP over 80) points) (PP-TMP in (NP the morning))) ,) (VP closed (ADVP-CLR off (NP 3.69)) , (PP at (NP 2659.22))) .)) (TOP (S (NP-SBJ Bond prices) (VP (VP surged (PP-PRP in (NP (NP reaction) (PP to (NP (NP the sell-off) (PP in (NP stocks))))))) , then (VP eased (ADVP slightly) (PP-TMP during (NP the afternoon recovery)))) .)) (TOP (S (NP-SBJ The dollar) (VP finished (ADVP lower)) .)) (TOP (S (NP-SBJ (NP UAL 's) stock) (VP regained (NP (NP most) (PP of (NP an early loss))) (PP-LOC amid (NP speculation (SBAR 0 (S (NP-SBJ one or more investors) (VP may (VP challenge (NP (NP the airline 's) decision (S (NP-SBJ *) (VP to (VP stay (ADJP-PRD independent)))))))))))) .)) (TOP (S (NP-SBJ-1 The stock) (VP closed (ADVP-CLR down (NP $ 8.375 *U*)) , (PP at (NP $ 170 *U*)) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP plunging (NP-EXT $ 33 *U*) , (PP-DIR to (NP $ 145 *U*)))))) .)) (TOP (S (NP-SBJ-1 Ford) (VP may (VP seek (NP (NP all) (PP of (NP Jaguar))) , (S-ADV (NP-SBJ *-1) (VP setting (NP the stage) (PP for (NP (NP a possible bidding war) (PP with (NP GM)))))))) .)) (TOP (S (S (NP-SBJ Jaguar) (VP has (VP been (VP discussing (NP (NP an alliance) (PP with (NP GM))))))) , but (S (NP-SBJ (NP Ford 's) move) (VP may (VP derail (NP the talks)))) .)) (TOP (S (NP-SBJ Car and truck sales) (VP slid (NP-EXT 20.5 %) (PP-TMP in (NP mid-October)) (SBAR-TMP as (S (NP-SBJ U.S. manufacturers) (VP paid (NP the price) (PP-CLR for (NP (NP heavy incentives) (ADVP-TMP earlier (PP in (NP the year))))))))) .)) (TOP (S (NP-SBJ-1 General Motors) (VP continued (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD hardest hit))))) .)) (TOP (S (NP-SBJ Durable goods orders) (VP slipped (NP-EXT 0.1 %) (PP-TMP in (NP September)) , (S-ADV (NP-SBJ *) (VP reflecting (NP weakening auto demand) (PP-TMP after (NP (NP a spurt) (PP of (NP (NP orders) (PP for (NP new 1990 models))))))))) .)) (TOP (S (PP Excluding (NP transportation items)) , (NP-SBJ orders) (VP rose (NP-EXT 1.8 %)) .)) (TOP (S (NP-SBJ (NP Norfolk Southern 's) board) (VP approved (NP (NP a buy-back) (PP of (NP (NP (QP up to 45 million) shares) , (VP valued (NP *) (PP-CLR at (NP (QP over $ 1.7 billion) *U*))))))) .)) (TOP (S (NP-SBJ (NP The repurchase) , (VP coupled (NP *) (PP-CLR with (NP an earlier buyback))) ,) (VP will (VP reduce (NP (NP (NP the firm 's) shares) (ADJP outstanding)) (PP-EXT by (NP over 26 %)))) .)) (TOP (S (NP-SBJ PS New Hampshire) (VP received (NP a sweetened (ADJP (QP $ 2.25 billion) *U*) offer) (PP-CLR from (NP Northeast Utilities)) , (S-ADV (NP-SBJ *) (VP (ADVP likely) spurring (NP (NP a new round) (PP of (NP (NP bidding) (PP for (NP the utility)))))))) .)) (TOP (S (NP-SBJ-1 GE executives) (VP were (VP accused (NP *-1) (PP by (NP-LGS U.S. prosecutors)) (PP-CLR of (S-NOM (NP-SBJ-2 *-1) (VP providing (NP `` misleading and false '' data) (PP-CLR to (NP the Pentagon)) (PP-TMP in (NP 1985)) (S-PRP (NP-SBJ *-2) (VP to (VP cover (PRT up) (NP `` longstanding fraudulent '' billing practices))))))))) .)) (TOP (S (NP-SBJ Texaco) (VP said (SBAR 0 (S (NP-SBJ profit) (VP rose (NP-EXT 11 %) (PP-TMP in (NP the quarter)) , (ADJP (ADVP partly) due (PP to (NP a massive restructuring))))))) .)) (TOP (S (NP-SBJ Sun) (VP posted (NP a gain)) .)) (TOP (S (NP-SBJ Mobil , Shell and Chevron) (VP had (NP declines)) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Mobil) (VP is (VP preparing (S (NP-SBJ *-1) (VP to (VP slash (NP (NP its work force) (PP-LOC in (NP the U.S.))) , (PP-TMP (ADVP possibly) as (ADVP soon (PP as (NP next month)))))) ,)))) (NP-SBJ sources) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Sears) (VP posted (NP (NP a (ADJP 16 %) drop) (PP-LOC in (NP third-quarter profit))) (SBAR-ADV as (S (NP-SBJ U.S. retail operations) (VP recorded (NP (NP the first loss) (PP-TMP in (NP (QP over five) years))))))) .)) (TOP (S (NP-SBJ The results) (VP show (SBAR 0 (S (NP-SBJ-1 Sears) (VP is (VP struggling (S (NP-SBJ *-1) (VP to (VP attract (NP shoppers))))))))) .)) (TOP (S (NP-SBJ-1 Digital Equipment) (VP announced (NP its first mainframe computers) , (S-ADV (S-ADV (NP-SBJ *-1) (VP targeting (NP (NP IBM 's) largest market))) and (S-ADV (NP-SBJ *-1) (VP heating (PRT up) (NP (NP the industry 's) biggest rivalry))))) .)) (TOP (S (NP-SBJ Cray Research) (VP (VP expects (S (NP-SBJ supercomputer sales) (VP to (VP be (ADJP-PRD flat) (NP-TMP next year))))) , (NP (NP the latest) (PP in (NP (NP a series) (PP of (NP (NP negative announcements) (PP by (NP the company)))))))) .)) (TOP (S (NP-SBJ Short interest) (VP increased (NP-EXT 6 %) (PP-LOC in (NP the Nasdaq over-the-counter market)) (PP-TMP for (NP (NP the month) (VP ended (NP-TMP Oct. 13))))) .)) (TOP (S (NP-SBJ-1 Salomon) (VP posted (NP (NP an (ADJP unexpectedly big) gain) (PP in (NP quarterly earnings))) , (S-MNR (NP-SBJ-2 *-1) (VP aided (NP *-2) (PP by (NP-LGS its (NX (NX securities trading) and (NX investment banking activities))))))) .)) (TOP (S (NP-SBJ-1 (NP Procter & Gamble 's) profit) (VP surged (NP-EXT 38 %) (PP-TMP in (NP its latest fiscal quarter)) , (S-MNR (NP-SBJ-2 *-1) (VP aided (NP *-2) (PP by (NP-LGS (NP (NP a gain) (PP from (NP a legal settlement))) and (NP continued growth overseas)))))) .)) (TOP (S (NP-SBJ-1 (NP Goodyear 's) profit) (VP rose (NP-EXT 11 %) (PP-TMP in (NP the quarter)) , (S-MNR (NP-SBJ-2 *-1) (VP buoyed (NP *-2) (PP by (NP-LGS (NP improved operating results) (PP-LOC in (NP its tire business))))))) .)) (TOP (NP-HLN Markets --)) (TOP (NP (NP Stocks) : (NP (NP Volume) (NP 237,960,000 shares)) .)) (TOP (NP (NP (NP Dow Jones industrials) (NP 2659.22) , (ADVP off (NP 3.69))) ; (NP (NP transportation) (NP 1210.70) , (ADVP off (NP 25.96))) ; (NP (NP utilities) (NP 215.04) , (ADVP off (NP 0.31))) .)) (TOP (NP (NP Bonds) : (NP (NP Shearson Lehman Hutton Treasury index) (NP 3425.22) , (ADVP up)))) (TOP (NP (NP Commodities) : (NP (NP (NP Dow Jones futures index) (NP 129.24) , (ADVP off (NP 0.25))) ; (NP (NP spot index) (NP 130.76) , (ADVP off (NP 0.88)))) .)) (TOP (NP (NP Dollar) : (NP (NP (NP 141.45 yen) , (ADVP off (NP 0.45))) ; (NP (NP 1.8355 marks) , (ADVP off (NP 0.0115)))) .)) (TOP (S-HLN (NP-SBJ-1 Genetic Defect) (VP Spotted (NP *-1) (PP-LOC In (NP 3-Day-Old Embryo))))) (TOP (S (NP-SBJ RESEARCHERS) (VP diagnosed (NP (NP a genetic defect) (PP-LOC in (NP a three-day-old mouse embryo))) (PP in (NP (NP an experiment) (ADJP directly applicable (PP to (NP humans)))))) .)) (TOP (S (NP-SBJ (NP Prenatal diagnosis) (PP of (NP genetic defects)) (ADVP-TMP as early (PP as (NP (NP the sixth week) (PP of (NP pregnancy)))))) (VP is (ADJP-PRD increasingly common) (NP-TMP today)) .)) (TOP (S But (NP-SBJ (NP the mouse experiment) (PP-LOC at (NP (NP a Medical Research Council laboratory) (PP-LOC in (NP London))))) (VP shows (SBAR 0 (S (NP-SBJ-1 genetic defects) (VP can (VP be (VP detected (NP *-1) (PP-TMP (NP-ADV three days) after (NP conception)) (S-MNR (NP-SBJ *) (VP using (NP a new American-developed gene-copying technique))))))))) .)) (TOP (S (NP-SBJ (NP The experiment) , (ADJP applicable (PP to (NP many genetic disorders))) ,) (VP involved (NP (NP beta-thalassemia) , (NP (NP a severe blood anemia) (VP resulting (PP-CLR from (NP a missing hemoglobin gene)))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP an inherited human disorder) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP 's (VP been (VP duplicated (NP *-1) (PP-LOC in (NP mice))))))))) .)) (TOP (S (PP-LOC In (NP the experiment)) , (NP-SBJ-1 (NP mice) (PP with (NP the defective gene))) (VP were (VP mated (NP *-1))) .)) (TOP (S (ADVP-TMP (NP Three days) later) , (SBAR-TMP before (S (NP-SBJ-2 the new embryo) (VP had (VP become (VP implanted (NP *-2) (PP-LOC-CLR in (NP the uterus))))))) , (NP-SBJ-1 it) (VP was (VP washed (NP *-1) (PP-CLR out (PP of (NP the mother mouse))))) .)) (TOP (S (NP-SBJ The embryo) (VP had (VP progressed (PP-CLR (ADVP only) to (NP (NP a clump) (PP of (NP eight identical cells)))))) .)) (TOP (S (S (NP-SBJ-1 One cell) (VP was (VP-3 teased (NP *-1) (PRT out)))) , and (S (NP-SBJ=1-2 its DNA) (VP=3 extracted (NP *-2))) .)) (TOP (S (S-MNR (NP-SBJ *-2) (VP Using (NP (NP the new technique) (VP developed (NP *) (PP by (NP-LGS Cetus Corp.))) , (VP called (S (NP-SBJ *) (NP-PRD the polymerase chain reaction))) ,))) (NP-SBJ-2 the scientists) (VP (ADVP rapidly) made (NP (NP millions) (PP of (NP (NP copies) (PP of (NP (NP the section) (PP of (NP DNA)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP ordinarily) (VP contains (NP the hemoglobin gene))))))))) , (S-ADV (NP-SBJ *-2) (VP providing (NP (NP enough copies) (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP test (NP *T*-3))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ A genetic probe) (VP showed (SBAR 0 (S (NP-SBJ the hemoglobin gene) (VP was (VP missing)))))) , (NP-SBJ the researchers) (VP report (SBAR 0 (S *T*-1)) (PP-LOC in (NP the medical journal) (NP Lancet))) .)) (TOP (S (PP-LOC In (NP the report)) , (NP-SBJ two molecular biologists) (VP suggest (SBAR 0 (S (NP-SBJ-1 such embryo diagnosis) (VP can (VP be (VP used (NP *-1) (PP by (NP-LGS (NP couples) (PP at (NP (NP high risk) (PP of (S-NOM (NP-SBJ *) (VP passing (NP a genetic defect) (PP-CLR to (NP a child))))))))))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP infertile couples) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (S (NP-SBJ-2 (NP the woman 's) eggs) (VP fertilized (NP *-2) (PP-LOC in (NP the test tube)))))))) (ADVP usually) (VP have (S (NP-SBJ-3 (NP several eggs) (PP-TMP *ICH*-4)) (VP fertilized (NP *-3) (PP-TMP-4 at (NP a time))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ the fertilized cells) (VP divide (PP-CLR to (NP eight cells)) (ADVP-TMP *T*-2)))) , (NP-SBJ-1 (NP a single cell) (PP from (NP each embryo))) (VP can (VP be (VP tested (NP *-1) (PP-CLR for (NP genetic defects))))) .)) (TOP (S (S (NP-SBJ-1 A healthy embryo) (VP can (VP be (VP-3 picked (NP *-1) (PP-PRP for (NP implantation)))))) and (S (NP-SBJ=1-2 defective ones) (VP=3 discarded (NP *-2))) .)) (TOP (S Or (PP-LOC in (NP other couples)) , (NP-SBJ-1 the embryo) (VP could (VP be (VP (VP (VP (ADVP-TMP temporarily) taken (NP *-1) (PRT out)) and (VP tested (NP *-1)) (PP-TMP (NP-ADV three days) after (NP conception))) and (VP (VP returned (NP *-1) (SBAR-PRP if (S (NP-SBJ *-1) (ADJP-PRD healthy))) ,) or (VP discarded (NP *-1) (SBAR-PRP if (X not))))))) .)) (TOP (S-HLN (NP-SBJ-1 Yeast) (VP Adapted (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP Make (NP Gene-Spliced Drugs))))))) (TOP (S (NP-SBJ AN OIL COMPANY) (VP finds (NP a sideline) (PP-LOC in (NP (NP the microscopic world) (PP of (NP yeast))))) .)) (TOP (S (PP-TMP In (NP the early 1970s)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the `` world food crisis '') (VP was (NP-PRD a major worry) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 Phillips Petroleum Co.) , (PP like (NP several other big companies)) , (VP began (S (NP-SBJ *-2) (VP developing (NP `` (NP single-cell protein) , '' (NP (NP edible protein) (VP made (NP *) (PP by (NP-LGS (NP microbes) (VP feeding (PP-CLR on (NP non-edible materials))))))))))) .)) (TOP (S (NP-SBJ Phillips) (VP found and improved (NP (NP a yeast) , `` (NP Pichia pastoris) , '' (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP made (NP protein) (PP-MNR from (NP natural gas-derived alcohol))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP could (VP convert (NP (NP glucose) (PP from (NP farm wastes))) (PP-CLR into (NP edible protein)))) .)) (TOP (S (S (NP-SBJ Single-cell protein) (ADVP-TMP never) (VP panned (PRT out))) , and (S (NP-SBJ most companies) (VP abandoned (NP such research))) .)) (TOP (S But (NP-SBJ-1 Phillips) (VP persisted , (S-ADV (NP-SBJ *-1) (VP calling (PRT in) (NP (NP scientists) (PP from (NP the Salk Institute)))))) .)) (TOP (S (NP-SBJ They) (VP 've (ADVP-TMP now) (VP adapted (NP the yeast) (PP-CLR to (S-NOM (NP-SBJ *) (VP making (NP (ADJP genetically engineered) drugs)))))) .)) (TOP (S (PP Like (NP (NP the bacteria) (VP used (NP *) (PP by (NP-LGS genetic engineers))))) , (NP-SBJ the yeast) (VP can (VP (VP take (PRT in) (NP human genes)) and (VP churn (PRT out) (NP (NP human proteins) (PP for (NP medical use)))))) .)) (TOP (S But (NP-SBJ the yeast genetic apparatus) (VP is (PP-PRD (PP (ADVP more) like (NP (NP that) (PP of (NP animals)))) (PP than (NP the bacterial genetic apparatus)))) .)) (TOP (S (ADVP Thus) , (NP-SBJ (NP the proteins) (PP from (NP the yeast))) (VP are (PP-PRD (PP (ADVP molecularly) (ADVP more) like (NP human proteins)) (PP than (NP (NP those) (PP from (NP bacteria)))))) .)) (TOP (S (NP-SBJ The oil company) (VP claims (SBAR 0 (S (NP-SBJ its yeast system) (ADVP also) (VP is (ADJP-PRD better (PP than (NP bacteria)) (PP at (NP (NP high-volume production) (PP of (NP (ADJP genetically engineered) drugs))))))))) .)) (TOP (S (NP-SBJ (NP Chiron Corp.) , (NP an (NAC-LOC Emeryville , Calif. ,) biotechnology firm) ,) (VP is (VP seeing (SBAR if (S (NP-SBJ-1 the Phillips yeast) (VP can (VP be (VP used (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP make (NP its (ADJP genetically engineered) human proteins))))))))))) .)) (TOP (S (NP-SBJ *) (VP Peeking (PP-LOC Inside (NP Arteries)) (PP From (PP Outside (NP the Body)))))) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP VISUALIZING (NP BLOOD vessels) (PP-MNR without (S-NOM (NP-SBJ *) (VP poking (NP catheters) (PP-CLR into (NP the body))))))) (VP may (VP come (PP-CLR out (PP of (NP (NP research) (PP-LOC at (NP AT&T Bell Laboratories))))))) .)) (TOP (S (NP-SBJ (NP Strokes) , (NP heart attacks) , (NP (NP leg pains) (PRN -LRB- (NP intermittent claudication) -RRB-)) and (NP other problems)) (VP stem (PP-CLR from (NP (NP clogging) (PP of (NP the arteries)) (PP by (NP cholesterol-rich deposits))))) .)) (TOP (S (PP-TMP At (NP present)) , (NP-SBJ-4 doctors) (VP can (VP see (SBAR (WHADVP-3 how badly) (S (NP-SBJ-1 an artery) (VP is (VP clogged (NP *-1) (ADVP-MNR *T*-3))))) (PP-MNR (ADVP only) by (S-NOM (NP-SBJ *-4) (VP (VP inserting (NP a thin catheter) (PP-CLR into (NP the artery))) and (VP injecting (NP (NP a fluid) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP makes (S (NP-SBJ the arteries) (ADJP-PRD visible (PP on (NP X-rays)))))))))))))) .)) (TOP (S (NP-SBJ-1 A (ADJP non-invasive) method) (VP is (VP being (VP researched (NP *-1) (PP by (NP-LGS biophysicist Lynn Jelinski)) (PP-LOC at (NP the AT&T unit))))) .)) (TOP (S (NP-SBJ It) (VP relies (PP-CLR on (NP the fact (SBAR that (S (NP-SBJ certain atoms) (VP give (PRT off) (NP detectable signals) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 *) (VP subjected (NP *-1) (PP-CLR to (NP an intense magnetic field)) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP the same phenomenon) (VP used (NP *) (PP-CLR in (NP (NP the new MRI (PRN -LRB- magnetic resonance imaging -RRB-) scanners) (VP being (VP used (NP *) (PP-LOC in (NP hospitals)) (PP in (NP (NP place) (PP of (NP X-ray scans))))))))))) .)) (TOP (S (PP-LOC In (NP the Bell Labs experiments)) , (NP-SBJ (NP (NP an MRI-type) (PP of (NP machine))) , (VP synchronized (NP *) (PP-CLR with (NP the heartbeat)) (PP-MNR via (NP an electrocardiogram))) ,) (VP (ADVP rapidly) flashes (NP a magnetic field) (PRT on and off) (SBAR-ADV as (S (NP-SBJ blood) (VP passes (NP (NP a certain point) (PP-LOC in (NP a vessel))))))) .)) (TOP (S (NP-SBJ (NP The (ADJP rapidly flashing) return signals) (PP from (NP (NP excited hydrogen atoms) (PP-LOC in (NP the blood))))) (VP give (NP (NP a `` stop-motion '' movie) (PP of (NP the blood-filled vessel)) , (PRN -LRB- (PP like (NP (NP the `` stop-motion '') (VP seen (NP *) (PP-LOC in (NP disco dancers)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ a strobe light) (VP is (VP flashing (ADVP-TMP *T*-1)))))))) -RRB-))) .)) (TOP (S (NP-SBJ The scientists) (VP have (VP experimented (PP-CLR on (NP (NP the tiny neck arteries) (PP of (NP rats)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 They) (VP 've (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP (VP measure (NP (NP the minuscule movements) (PP of (NP the artery wall))) (SBAR-TMP as (S (NP-SBJ the beating heart) (VP raises and lowers (NP (NP the pressure) (PP of (NP the flowing blood))))))) , (NP (NP a first) (PP for (NP (ADJP such tiny) blood vessels)))))))))) , (NP-SBJ they) (VP report (SBAR 0 (S *T*-2)) (PP-LOC in (NP (NP Nature) , (NP a scientific journal)))) .)) (TOP (S (NP-SBJ They) (ADVP-TMP now) (VP are (VP experimenting (PP-CLR with (S-NOM (NP-SBJ *) (VP measuring (NP blood flow)))))) .)) (TOP (S (NP-SBJ The ultimate hope) (VP is (SBAR-PRD that (S (NP-SBJ the technique) (VP could (VP identify (NP diseased vessels)))))) .)) (TOP (NP-HLN Odds and Ends)) (TOP (S (S-TPC-1 (NP-SBJ (NP TESTS) (PP ON (NP (NP 2,800-year-old mummies) (PP from (NP Chile))))) (VP indicate (SBAR 0 (S (NP-SBJ ancient wood fires) (VP did n't (VP produce (NP dioxins or dibenzofurans))))) , (S-ADV (NP-SBJ *) (VP contradicting (NP a theory (SBAR 0 (S (NP-SBJ the two pollutants) (NP-TMP today) (VP are (VP coming (PP-CLR from (NP wood burning))))))))))) , (NP-SBJ General Electric Co.) (VP reports (SBAR 0 (S *T*-1)) (PP-LOC in (NP Environmental Science & Technology magazine))) ... .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP (QP Almost 40) %) (PP of (NP schizophrenic men)) (PP *ICH*-1)) (VP have (NP (NP an impaired sense) (PP of (NP smell))) (PP-1 vs. (NP (NP (QP fewer than 10) %) (PP of (NP schizophrenic women)))))) , (VP reports (SBAR 0 (S *T*-2))) (NP-SBJ (NP the American Journal) (PP of (NP Psychiatry))) .)) (TOP (S (NP-SBJ The Justice Department) (VP said (SBAR 0 (S (NP-SBJ it) (VP filed (NP (NP a lawsuit) (VP seeking (NP (QP more than $ 7.7 million) *U*) (PP-CLR from (NP a Meredith Corp. unit)) (PP on (NP charges (SBAR that (S (NP-SBJ the company) (VP defrauded (NP the government) (PP-CLR on (NP a contract (S (NP-SBJ *) (VP to (VP provide (NP relocation services) (PP-CLR for (NP federal employees)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The suit) , (VP filed (NP *) (PP-LOC in (NP federal trial court)) (PP-LOC in (NP (NP (NP Des Moines) , (NP Iowa) ,) (SBAR (WHADVP where) (S (NP-SBJ-1 Meredith) (VP is (VP based (NP *-1)))))))) ,) (VP alleges (SBAR that (S (NP-SBJ-2 (NP the diversified media company 's) relocation unit) (VP cheated (NP the government) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP misrepresenting (NP (NP the value) (PP of (NP (NP government employees ') homes)))))))))) .)) (TOP (S (NP-SBJ The government contract) (VP required (S (NP-SBJ Meredith Relocation Corp.) (VP to (VP purchase (NP (NP employees ') homes) (PP-MNR based (PP on (NP independent appraisals))))))) .)) (TOP (S (NP-SBJ The Justice Department) (VP alleges (SBAR that (S (NP-SBJ-1 the company) `` (VP engaged (PP-CLR in (NP (NP various forms) (PP of (NP misrepresentation)))) '' (PP with (NP (NP the goal) (PP of (S-NOM (NP-SBJ *-1) (VP reducing (NP (NP the appraised value) (PP of (NP (NP employees ') homes)))))))))))) .)) (TOP (S (PP-LOC In (NP the suit)) , (NP-SBJ-1 the department) (VP seeks (S (NP-SBJ *-1) (VP to (VP recover (NP (NP (QP $ 7.7 million) *U*) (PP in (NP (NP costs) (VP incurred (NP *) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the government) (VP (VP terminated (NP (NP its contract) (PP with (NP Meredith Relocation)))) and (VP sought (NP (NP other contracts) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP replace (NP it))))))) (ADVP-TMP *T*-3)))))))))))) .)) (TOP (S (NP-SBJ The department) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP seeks `` (NP (NP (QP three times) (NP the government 's) damages) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (ADVP-TMP presently) (ADJP-PRD undetermined)))) , (PP plus (NP penalties))))))) . '')) (TOP (S (NP-SBJ (NP Officials) (PP with (NP Meredith))) (VP did n't (VP have (NP (NP any immediate comment) (PP on (NP the suit))))) .)) (TOP (S (NP-SBJ (NP Lloyd 's) (PP-LOC of (NP London))) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP clamp (PRT down) (PP-CLR on (NP (NP the ability (S *ICH*-2)) (PP of (NP underwriting syndicates)) (S-2 (NP-SBJ *) (VP to (VP leave (S (NP-SBJ their annual accounts) (ADJP-PRD open)) (PP-TMP beyond (NP the customary three years)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Underwriting syndicates) (PP-LOC at (NP (NP (NP Lloyd 's)) , (NP (NP the world 's) largest insurance market) ,))) (ADVP generally) (VP do n't (VP close (NP their accounts) (PP-TMP for (NP three years)) , (S-ADV (NP-SBJ *-1) (VP to (VP allow (PP-CLR for (NP (NP the filing) (PP of (NP claims and litigation))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ such claims and litigation) (VP extend (PP-TMP beyond (NP the period)) (ADVP-TMP *T*-1)))) , (NP-SBJ the syndicates) (VP can (VP extend (NP their accounting deadlines))) .)) (TOP (S (NP-SBJ (NP Lloyd 's)) (VP said (SBAR 0 (S (NP-SBJ there) (VP are (ADVP-TMP currently) (NP-PRD (NP 115 open account years) (VP involving (NP (NP 68) (PP of (NP (NP the market 's) (QP roughly 360) syndicates))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 The open-year accounting practice) `` (VP is (VP (ADVP widely) recognized (NP *-1) (PP-LOC within (NP (NP Lloyd 's))) (PP-CLR as (PP of (NP (NP serious concern) '' (PP to (NP (NP the 31,329 member investors) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP underwrite (NP insurance) (PP-LOC at (NP (NP Lloyd 's))) (PP-PRP in (NP (NP return) (PP for (NP premium and investment income))))))))))))))) , (NP-SBJ (NP Lloyd 's)) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (S-TPC-1 (NP-SBJ The procedure) (VP causes `` (NP great uncertainty) '' (SBAR-PRP because (S (NP-SBJ an investor) (VP ca n't (VP be (ADJP-PRD sure (PP of (NP his or her individual liability))))))))) , (NP-SBJ (NP Lloyd 's)) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ the insurance market) (VP plans (NP (NP new measures) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP restrict (NP (NP the ability (S *ICH*-2)) (PP of (NP syndicate officials)) (S-2 (NP-SBJ *) (VP to (VP leave (S (NP-SBJ years) (ADJP-PRD open)))))))))))) .)) (TOP (S (NP-SBJ Lloyd 's) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP enact (NP (NP new rules) (VP mandating (NP the changes))) (PP-TMP by (NP year end))))))))) .)) (TOP (S (PP-LOC Under (NP the new rules)) , (NP-SBJ-1 the officials) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP secure (NP (NP (NP additional information) and (NP (NP reports) (PP from (NP actuaries)))) , (PP including (NP (NP an assessment) (PP of (SBAR whether (S (NP-SBJ officials) (VP have (VP acted (ADVP-MNR reasonably)))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 officials) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP (VP get (NP (NP quotes) (PP for (NP certain reinsurance contracts)))) and (VP obtain (NP approvals) (PP from (NP other syndicate directors)))))))) .)) (TOP (S (NP-SBJ Computer Associates International Inc.) (VP reported (SBAR 0 (S (NP-SBJ (NP earnings) (PP for (NP (NP the second quarter) , (VP ended (NP-TMP Sept. 30)) ,))) (VP plummeted (NP-EXT 66 %) , (PP-PRP (ADVP primarily) because of (NP (NP the acquisition) (PP of (NP Cullinet Software Inc)))))))) .)) (TOP (S (NP-SBJ (NP The nation 's) largest software company) (VP earned (NP (NP (QP $ 9.6 million) *U*) , or (NP (NP five cents) (NP-ADV a share))) , (PP compared (PP with (NP (NP (QP $ 28 million) *U*) , or (NP (NP 16 cents) (NP-ADV a share) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 5 %) (PP-DIR to (NP (QP $ 282 million) *U*)) (PP-DIR from (NP (QP $ 268.3 million) *U*))) .)) (TOP (S (S (NP-SBJ-1 (NP The drop) (PP in (NP earnings))) (VP had (VP been (VP anticipated (NP *-1) (PP by (NP-LGS most Wall Street analysts)))))) , but (S (NP-SBJ-2 the results) (VP were (VP reported (NP *-2) (SBAR-TMP after (S (NP-SBJ the market) (VP closed)))))) .)) (TOP (S (NP-SBJ Computer Associates) (VP closed (PP-CLR at (NP $ 13.625 *U*)) , (ADVP down (NP 25 cents)) , (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange))))) .)) (TOP (S (NP-SBJ (NP Anthony Wang) , (NP president) ,) (VP attributed (NP the drop) (PP-CLR to (NP (NP the disruption) (PP of (NP (NP the company 's) business)) (VP resulting (PP-CLR from (NP (NP the prolonged process) (PP of (S-NOM (NP-SBJ *) (VP acquiring (NP Cullinet)))))))))) .)) (TOP (S (NP-SBJ-1 The acquisition) (VP was (VP completed (NP *-1) (PP-TMP in (NP September)))) .)) (TOP (S (PP-TMP In (NP August)) , (S (NP-SBJ the company) (VP warned (NP investors) (SBAR that (S (NP-SBJ-1 the acquisition) (VP was (VP being (VP delayed (NP *-1)))))))) , and (S (NP-SBJ many customers) (VP were (VP holding (PRT off) (PP-CLR on (NP purchase decisions)) (SBAR-TMP until (S (NP-SBJ-2 the takeover) (VP was (VP completed (NP *-2)))))))) .)) (TOP (S (NP-SBJ The delays) (VP (ADVP mainly) affected (NP (NP sales) (PP of (NP (NP data base management products) , (NP (NP a core area) (PP for (NP both (NP Computer Associates) and (NP Cullinet)))) ,)) (ADVP as well (PP as (NP (NP sales) (PP of (NP other products)) (PP as (NP (NP part) (PP of (NP package sales))))))))) .)) (TOP (S (NP-SBJ (NP Residents) (PP of (NP this city))) (ADVP-TMP soon) (VP will (VP be (VP seeing (NP (NP ads) (VP urging (NP-1 them) (S (NP-SBJ *-1) (VP to (VP visit (NP `` (NP (NP Cleveland 's) outdoor museum) '' -- (NP Lake View Cemetery)))))))))) .)) (TOP (S (PP Despite (NP (NP such famous tenants) (PP as (NP oil magnate John D. Rockefeller)))) , (NP-SBJ Lake View Cemetery) (VP has (VP fallen (PP-CLR on (NP hard times)))) .)) (TOP (S So (NP-SBJ-1 the inner-city burial ground) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP resurrect (NP itself) (PP-MNR with (NP a television advertising campaign))))))) .)) (TOP (S (NP-SBJ The ads) (VP celebrate (NP (NP the achievements) (PP of (NP (NP some) (PP of (NP (NP Lake View 's) residents)))))) .)) (TOP (S (NP-SBJ (NP A spot) (VP honoring (NP (NP Bill White) , (NP (NP the inventor) (PP of (NP chewing gum))) ,))) (VP shows (S (NP-SBJ-1 a woman) (VP trying (S (NP-SBJ *-1) (VP to (VP extricate (NP her high-heeled shoe) (PP-CLR from (NP (NP a wad) (PP of (NP gum)))))))))) .)) (TOP (S (NP-SBJ Another) (VP focuses (PP-CLR on (NP (NP Charles Brush) , (NP (NP the first person) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP light (NP a city) (ADVP-MNR electrically))))))))) .)) (TOP (S (NP-SBJ It) (VP shows (S (NP-SBJ a boy) (VP hurling (NP rocks) (PP-CLR at (NP a street lamp))))) .)) (TOP (S-1 (NP-SBJ-2 Street lights) (PRN , (S (NP-SBJ the ad) (VP points (PRT out) (SBAR 0 (S *T*-1)))) ,) `` (VP helped (S (NP-SBJ *-2) (VP sharpen (NP (NP the arm) (PP of (NP many a budding baseball player)))))) . '')) (TOP (S (NP-SBJ Cemetery officials) (VP hope (SBAR 0 (S (NP-SBJ (NP the ads) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP will (VP begin (S (NP-SBJ *-2) (VP airing (NP-TMP next month))))))) ,) (VP will not only (VP draw (NP visitors)) but (VP bolster (NP (NP burials) and (NP endowment fund contributions))))))) .)) (TOP (S (NP-SBJ Lake View) (VP (VP had (NP an operating deficit) (NP-TMP last year)) and (VP has (NP (NP a poor reputation) (PP as (NP an out-of-repair and crime-infested cemetery))))) .)) (TOP (S (NP-SBJ-2 The (ADJP private , non-profit) cemetery) (VP has (VP had (NP trouble) (S (NP-SBJ *-2) (VP competing (PP-CLR against (NP (NP its for-profit counterparts) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP use (NP-3 (NP direct mail) and (NP other advertising)) (S-CLR (NP-SBJ *-3) (VP to (VP sell (NP lots))))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-2 We) (VP do n't (VP want (S (NP-SBJ-1 *-2) (VP to (VP be (VP known (NP *-1) (PP-CLR as (NP ambulance chasers))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP William Garrison) , (NP (NP Lake View 's) president)) .)) (TOP (S `` (NP-SBJ We) (VP want (S (NP-SBJ people) (VP to (VP think (PP-CLR of (NP Lake View)) (PP-CLR as (NP (NP an historical park) and (NP educational experience))))))) ... .)) (TOP (FRAG (NP (NP A pleasant place) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP (VP come) and (VP spend (NP a few hours)) (ADVP-LOC *T*-1)))))) . '')) (TOP (S (NP-SBJ (NP Not all) (PP of (NP (NP the cemetery 's) better-known tenants))) (VP lend (NP themselves) (PP-CLR to (NP (NP the promotional job) (PP at (NP hand)))) , (ADVP however)) .)) (TOP (S (PP For (NP example)) , (NP-SBJ-2 (NP President James A. Garfield) (NP *ICH*-1)) (VP is (VP entombed (NP *-2) (ADVP-LOC here) , (NP-1 (NP the victim) (PP of (NP (NP an assassination) (PP-TMP in (NP 1881))))))) .)) (TOP (S -LRB- (NP-SBJ Mr. Garrison) (VP notes , (ADVP however) , (SBAR that (S (NP-SBJ the Garfield tomb) (VP is (NP-PRD (NP one) (PP of (NP (NP (NP the nation 's) premier examples) (PP of (NP Romanesque architecture))))))))) . -RRB-)) (TOP (S (NP-SBJ (NP Mr. Rockefeller) , (VP buried (NP *) (PP-LOC beneath (NP a 180-foot-tall granite obelisk))) ,) (VP did n't (VP seem (ADJP-PRD right (PP for (NP an ad))) (ADVP either))) .)) (TOP (SINV (S-TPC-5 (NP-SBJ (NP The oil magnate) , (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP spent (NP his later years) (S (NP-SBJ-4 *-3) (VP passing (PRT out) (NP dimes) (S-PRP (NP-SBJ *-4) (VP to (VP counter (NP his penny-pinching image))))))))) ,) `` (VP is n't (ADJP-PRD terribly amusing))) , '' (VP says (SBAR 0 (S *T*-5))) (NP-SBJ (NP Barry Olson) , (NP (NP creative director) (PP-LOC at (NP (NP Innis-Maggiore-Olson) , (NP-LOC (NP Canton) , (NP Ohio)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (VP producing (NP the ads))))))))) .)) (TOP (S (S-TPC-2 But (NP-SBJ there) (VP are (NP-PRD (NP plenty) (PP of (NP (NP other promising prospects) (NP *ICH*-3)))) (PP-LOC at (NP Lake View)))) , (NP-SBJ promoters) (VP believe (SBAR 0 (S *T*-2)) : (NP-3 (NP (NP Ernest Ball) , (PP for (NP instance)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP wrote `` (SBAR-TTL (WHADVP-4 When) (S (NP-SBJ Irish Eyes) (VP are (VP Smiling (ADVP-TMP *T*-4)))))))) , '') and (NP (NP Garrett Morgan) , (NP (NP the inventor) (PP of (NP (NP the gas mask) and (NP the tri-colored traffic light))))))) .)) (TOP (S (NP-SBJ Euro Disneyland shares) (VP made (NP (NP a debut) (PP like (NP Snow White))) (NP-TMP yesterday) (SBAR-TMP while (S (NP-SBJ (NP most) (PP of (NP the London stock market))) (VP looked (SBAR-CLR like (S (NP-SBJ it) (VP had (VP eaten (NP (NP the Evil Queen 's) poisoned apple))))))))) .)) (TOP (S (PP-TMP In (NP (NP its first day) (PP of (NP when-issued trading (NP here))))) , (NP-SBJ-1 Euro Disney) (VP soared (PP-MNR like (NP Dumbo)) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP 814 pence) (PRN -LRB- (NP $ 13.05 *U*) -RRB-))) , (ADVP up (NP 15 %) (PP from (NP its 707-pence offering price))))))) .)) (TOP (S (NP-SBJ-1 The overall London market) , (S-ADV (NP-SBJ *-1) (VP following (NP (NP Wall Street 's) early nosedive))) , (VP took (NP a late beating)) .)) (TOP (S (NP-SBJ-1 The Financial Times-Stock Exchange 100-Share Index) (VP plummeted (NP-EXT 40.4 points) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP 2149.3)))))) .)) (TOP (S (NP-SBJ Traders) (VP credited (NP (NP Euro Disney 's) share performance) (PP-CLR to (NP (NP the tremendous hyping) (PP of (NP (NP (NP the project) (SBAR (WHNP-2 that) (S (NP-SBJ-1 the shares) (VP are (VP destined (S (NP-SBJ *-1) (VP to (VP help (VP finance (NP *T*-2)))))))))) : (NP (NP (NP Walt Disney Co. 's) 4,800-acre theme park) (ADVP-LOC (NP 20 miles) east (PP of (NP Paris))))))))) .)) (TOP (S (NP-SBJ-1 The park) (VP is (VP slated (S (NP-SBJ *-1) (VP to (VP open (PP-TMP in (NP 1992))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ The issue) (VP was (ADJP-PRD very well-received))) -- (S (NP-SBJ Disney) (VP is (NP-PRD such a (ADJP (ADJP well-known) (PRN , (S (NP-SBJ you) (VP can (VP say (ADJP world-wide (NP *?*))))) ,)) name)))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Vernon Dempsey) , (NP (NP head trader) (PP of (NP European equities)) (PP-LOC at (NP (NP Kleinwort Benson Ltd.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP making (NP (NP a market) (PP in (NP the issue))))))))))) .)) (TOP (S (NP-SBJ Mr. Dempsey) (VP estimated (SBAR that (S (NP-SBJ-1 (NP the issue 's) London debut) (VP was (VP accompanied (NP *-1) (PP by (NP-LGS `` (NP (ADJP very , very heavy) turnover) -- (NP (QP between five million and six million) shares)))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ (NP Most) (PP of (NP the buying))) (VP was (ADJP-PRD institutional))) , (NP-SBJ he) (VP added (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Official trading) (PP in (NP the shares))) (VP will (VP start (PP-LOC in (NP London , Paris and Brussels)) (PP-TMP on (NP (NP Nov. 6) , (SBAR (WHADVP-1 when) (S (NP-SBJ (NP the (ADJP French-franc denominated) offering) , (VP valued (NP *) (PP-CLR at (NP (NP the equivalent) (PP of (NP (QP nearly $ 1 billion) *U*))))) ,) (VP comes (PP-CLR to (NP market)) (PP-LOC in (NP the European Community)) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ-1 U.S. investors) (VP will (VP be (VP permitted (S (NP-SBJ *-1) (VP to (VP buy (NP the shares) (PP-CLR from (NP EC investors)) (ADVP-TMP (NP 90 days) later))))))) .)) (TOP (S (PP-PRP Because of (NP (NP the interest) (VP connected (NP *) (PP-CLR with (NP the issue))))) , (NP-SBJ-1 the London exchange) (VP took (NP (NP the unusual step) (PP of (S-NOM (NP-SBJ *-1) (VP letting (S (NP-SBJ traders) (VP establish (NP an (ADJP officially sanctioned) when-issued market)))))))) .)) (TOP (S (NP-SBJ (NP A (ADJP volatile , unofficial) `` gray '' market) (PP in (NP the shares))) (VP has (VP been (VP operating (PP-LOC in (NP Paris)) (PP-TMP for (NP about two weeks))))) .)) (TOP (S (PP In (NP (NP contrast) (PP to (NP the London performance)))) , (NP-SBJ Euro Disney) (ADVP-LOC there) (VP closed (ADVP down (NP three francs)) (NP-TMP yesterday) , (PP-CLR at (NP (NP (NP 79 1 francs) (PRN -LRB- (NP $ 12.66 *U*) -RRB-)) (VP bid (NP *)))) , but (ADVP still) (ADVP (NP (QP about 10) %) over (NP the 72-franc offering price))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP A lot) (PP of (NP people))) (VP are (VP getting (ADJP-PRD hurt) (PP on (NP this wicked whipsawing))))) , '' (VP cautioned (S *T*-2)) (NP-SBJ (NP Alistair Cuddeford) , (NP (NP a London-based Salomon Brothers International Ltd. trader) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP makes (NP a market) (PP in (NP franc-denominated Euro Disney shares))))))) .)) (TOP (S `` (NP-SBJ There) (VP should (VP be (NP-PRD no great rush (SBAR for (S (NP-SBJ investors) (VP to (VP buy (NP this)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP A lot) (PP of (NP (NP (NP big European banks) , (ADJP mostly French) ,) and (NP Swiss arb accounts)))) (VP have (VP been (VP buying (NP the stock) (S-PRP (ADVP just) (NP-SBJ *-1) (VP to (VP flip (NP it) '' (PP-CLR for (NP a quick profit))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 (NP Albert Fried Jr.) , (NP (NP a 59-year-old director and holder) (PP of (NP (NP a (ADJP 9.5 %) stake) (PP-LOC in (NP the company))))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP chairman) (PP of (NP (NP this maker) (PP of (NP (NP products) (PP for (NP the construction equipment , material handling and railroad industries)))))))))) .)) (TOP (S (NP-SBJ He) (VP succeeds (NP (NP L.L. White Jr.) , (NP 62) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP resigned) but (VP continues (PP-CLR as (NP a director)))))))) .)) (TOP (S (NP-SBJ Mr. Fried) (ADVP also) (VP is (NP-PRD (NP the managing partner) (PP of (NP Albert Fried & Co)))) .)) (TOP (S (NP-SBJ-2 Ford Motor Co.) (VP intensified (NP (NP its battle) (PP with (NP General Motors Corp.)) (PP over (NP Jaguar PLC))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP saying (SBAR 0 (S (NP-SBJ-3 it) (VP is (VP prepared (S (NP-SBJ *-3) (VP to (VP make (NP (NP a bid) (PP for (NP (NP all) (PP of (NP the British auto maker))))) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-1 (NP restrictions) (PP on (NP its shareholding))) (VP are (VP lifted (NP *-1) (ADVP-TMP *T*-4)))))))))))))))) .)) (TOP (S (NP-SBJ The statement) (VP was (NP-PRD (NP part) (PP of (NP (NP a Ford filing) (PP with (NP the U.S. Securities and Exchange Commission)))))) .)) (TOP (S (NP-SBJ Ford) (VP did n't (VP say (SBAR (SBAR (WHNP-1 how much) (S (NP-SBJ it) (VP might (VP offer (NP *T*-1) (PP-CLR for (NP Jaguar)))))) , or (FRAG (WHADVP when))))) .)) (TOP (S (NP-SBJ The British government) (ADVP-TMP currently) (VP forbids (NP-1 any outside investor) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP holding (NP (NP (QP more than 15) %) (PP of (NP (NP the company 's) shares))) (PP-MNR without (NP permission))))) (PP-TMP until (NP Dec. 31))) ,)) (TOP (S But (PP with (NP (NP (NP its stake) (PP-LOC in (NP Jaguar))) , (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP raised (NP *T*-1) (NP-TMP yesterday) (PP-DIR to (NP 11.95 %))))) ,)) (NP-SBJ Ford) (VP could (VP (VP convene (NP a special Jaguar shareholders ' meeting)) and (VP urge (NP-2 holders) (S (NP-SBJ-3 *-2) (VP to (VP vote (S (NP-SBJ *-3) (VP to (VP drop (NP the restriction) (ADVP-TMP sooner)))))))))) .)) (TOP (S (NP-SBJ A successful vote) (VP would (VP put (NP pressure (S *ICH*-1)) (PP-PUT on (NP the British government)) (S-1 (NP-SBJ *) (VP to (VP lift (NP the restriction)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP have not (VP made (NP that decision '' (S (NP-SBJ *) (VP to (VP seek (NP (NP a Jaguar special shareholders ') meeting)))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Martyn Watkins) , (NP (NP a Ford spokesman) (PP-LOC in (NP London)))) .)) (TOP (S (NP-SBJ He) (VP (VP emphasized (SBAR that (S (NP-SBJ the car maker) (ADVP only) (VP would (VP bid (PP-CLR for (NP (NP all) (PP of (NP Jaguar)))) (PP-LOC under (NP the right circumstances))))))) , and (VP said `` (S (NP-SBJ those circumstances) (VP are n't (ADJP-PRD right or possible) (PP-TMP at (NP the moment)))))) . '')) (TOP (S (NP-TMP Last month) , (NP-SBJ Ford) (VP announced (NP plans (S (NP-SBJ *) (VP to (VP acquire (NP (NP (QP as much as 15) %) (PP of (NP Jaguar)))))))) .)) (TOP (S (PP-TMP Since (NP then)) , (NP-SBJ Jaguar officials) (VP (VP have (VP confirmed (SBAR that (S (NP-SBJ they) (VP are (VP discussing (NP (NP an alliance) (PP with (NP GM))))))))) and (VP said (NP-TMP last week) (SBAR that (S (NP-SBJ-1 they) (VP hoped (S (NP-SBJ *-1) (VP to (VP reach (NP an agreement) (PP-TMP within (NP a month)))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP have (VP been (VP expecting (NP (NP a GM-Jaguar pact) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP (VP give (NP the U.S. car maker) (NP (NP an eventual (ADJP 30 %) stake) (PP-LOC in (NP the British company)))) and (VP create (NP (NP joint ventures) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP produce (NP (NP an executive-model range) (PP of (NP cars))))))))))))))))) .)) (TOP (S But (NP-SBJ (NP the specter) (PP of (S-NOM (NP-SBJ Ford) (VP (ADVP-TMP eventually) launching (NP a full-fledged bid))))) (VP could (VP unravel (NP the GM-Jaguar talks))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ-2 Jaguar) (VP seems (S (NP-SBJ *-2) (VP to (VP be (VP losing (NP interest) (PP-CLR in (S-NOM (NP-SBJ *) (VP giving (NP GM) (NP a minority stake)))))))))) , (VP said (SBAR 0 (S *T*-3))) (NP-SBJ-4 (NP one individual) (ADJP close (PP to (NP the talks)))) , (S (NP-SBJ *-4) (VP adding , `` (S (NP-SBJ It) (VP would n't (VP surprise (NP me) (SBAR-ADV if (S -LCB- (NP-SBJ-5 Jaguar executives) -RCB- (VP want (S (NP-SBJ *-5) (VP to (VP wait and see (SBAR (WHNP-1 what) (S (NP-SBJ (NP the color) (PP of (NP that -LCB- Ford bid -RCB-))) (VP is (NP-PRD *T*-1)))) '' (ADVP-TMP first)))))))))))) .)) (TOP (S (NP-SBJ He) (VP predicted (SBAR 0 (S (NP-SBJ-1 Ford officials) (VP will (VP meet (PP-CLR with (NP Jaguar executives)) (PP-TMP in (NP the next week)) (S-PRP (NP-SBJ *-1) (VP to (VP outline (NP their proposed offer))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Sir John Egan) , (NP (NP Jaguar 's) chairman) ,) (ADVP so far) (VP has (VP refused (S (NP-SBJ *-1) (VP to (VP meet (PP-CLR with (NP Ford officials)))))))) , but (S (NP-SBJ-2 he) (VP is (VP believed (S (NP-SBJ-3 *-2) (VP to (VP be (ADJP-PRD willing (S (NP-SBJ *-3) (VP to (VP consider (NP a specific bid proposal))))))))))) .)) (TOP (SINV (S-TPC-2 (PP As (PP for (NP GM))) , (NP-SBJ-1 its `` fallback position) (VP has (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a full bid) (NP itself))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Stephen Reitman) , (NP (NP European auto-industry analyst) (PP-LOC at (NP London brokers (NP UBS-Phillips & Drew))))) .)) (TOP (S (NP-SBJ (NP A Ford takeover) (PP of (NP Jaguar))) (VP would `` (VP have (NP (NP such implications) (PP for (NP (NP the balance) (PP of (NP power)) (PP-TMP in (NP the 1990s)))) (SBAR that (S (NP-SBJ-1 General Motors) (VP ca n't (VP afford (S (NP-SBJ *-1) (VP to (VP step (ADVP-LOC aside))))))))))) .)) (TOP (S (NP-SBJ-1 They) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP throw (NP their hat) (PP-CLR in (NP the ring))))))) . '')) (TOP (S (NP-SBJ A GM spokesman) (NP-TMP yesterday) (VP reiterated (NP (NP (NP the company 's) interest) (PP in (S-NOM (NP-SBJ-1 *) (VP acquiring (NP a minority stake) (S-PRP (NP-SBJ *-1) (VP to (VP help (S (NP-SBJ Jaguar) (VP remain (ADJP-PRD independent))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ A pitched battle) (VP could (VP mean (SBAR 0 (S (NP-SBJ Jaguar) (VP would (VP fetch (NP (NP (NP (NP # 10 *U*) (PRN -LRB- (NP $ 16.02 *U*) -RRB-)) (NP-ADV a share)) , or (NP (NP (QP about # 1.8 billion) *U*) (PRN -LRB- (NP (QP $ 2.88 billion) *U*) -RRB-)) ,)))))))) (NP-SBJ several analysts) (VP believe (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The prospect) (PP of (NP such a takeover fight))) (VP has (VP sent (S (NP-SBJ Jaguar shares) (VP soaring)) (PP-TMP in (NP recent weeks)))) .)) (TOP (S (NP-SBJ U.S. takeover-stock speculators) (ADVP-TMP now) (VP own (NP (NP an estimated 25 %) (PP of (NP Jaguar shares)))) .)) (TOP (S (PP-LOC In (NP a declining London stock market)) (NP-TMP yesterday) , (NP-SBJ Jaguar shares) (VP were (ADVP-PRD down (NP four pence) (PP-TMP from (NP Monday))) (PP-LOC in (NP late trading)) , (PP-CLR at (NP (NP (NP 694 pence) (PRN -LRB- (NP $ 11.11 *U*) -RRB-)) (NP-ADV a share)))) .)) (TOP (S (PP-LOC In (NP the U.S.)) , (NP-SBJ (NP Jaguar 's) American depositary receipts) (VP rose (NP-EXT 12.5 cents) (PP-LOC in (NP over-the-counter trading)) , (PP-DIR to (NP $ 11.25 *U*))) .)) (TOP (S (NP-SBJ Both Ford and GM) (VP (ADVP-MNR badly) need (NP (NP a luxury brand) (SBAR-PRD (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP combat (NP (NP new competition) (PP from (NP the Japanese))) (PP-LOC in (NP the European and U.S. markets)))))))) .)) (TOP (S And (NP-SBJ-1 (ADJP financially strapped) Jaguar) (VP has (VP spent (NP over a year) (S (NP-SBJ *-1) (VP looking (PP-CLR for (NP (NP a rich uncle) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP provide (NP (NP cash) and (NP technological know-how)))))))))))) .)) (TOP (S (NP-SBJ The company) (VP has (VP expressed (NP (NP a preference) (PP for (NP (NP GM) (PP over (NP Ford))))) (SBAR-PRP because (S (NP-SBJ GM) (VP has (VP promised (SBAR 0 (S (NP-SBJ it) (VP would (VP keep (S (NP-SBJ Jaguar) (ADJP-PRD independent)))))))))))) .)) (TOP (S (NP-SBJ (NP Ford 's) need (S (NP-SBJ *) (VP to (VP acquire (NP (NP some or all) (PP of (NP Jaguar))))))) (VP became (ADJP-PRD more acute) (NP-TMP (NP last week) (SBAR (WHADVP-1 when) (S (NP-SBJ it) (VP abandoned (NP (NP a four-year effort) (S (NP-SBJ *) (VP to (VP market (NP its German-built Merkur Scorpio sedan) (PP-CLR as (NP a European luxury import)) (PP-LOC in (NP the U.S)))))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (ADVP Then) , (NP-TMP last Friday) , (NP-SBJ (NP (NP Ford 's) talks) (PP about (NP (NP a possible alliance) (PP with (NP (NP Saab-Scania AB) (PP of (NP Sweden))))))) (VP collapsed) .)) (TOP (S (NP-SBJ (NP (NP GM 's) interest) (PP in (NP Jaguar))) (VP reflects (NP a desire (S (NP-SBJ *) (VP to (VP help (VP diversify (NP (NP (NP the U.S. company 's) products) (PP-LOC in (NP (NP the growing luxury-car segment) (PP of (NP the market))))))))))) .)) (TOP (S (S (NP-SBJ Its Opel line) (VP has (NP (NP a solid image) and (NP (NP a recent string) (PP of (NP (ADJP highly successful) new models)))))) , but (S (NP-SBJ it) (VP lacks (NP (NP Jaguar 's) cachet))) .)) (TOP (S (NP-SBJ GM officials) (ADVP also) (VP see (NP (NP a lot) (PP of (NP potential))) (PP-CLR in (S-NOM (NP-SBJ *) (VP marrying (NP (NP Jaguar 's) cars) (PP-CLR to (NP (NP the technological know-how) (PP of (NP (NP Group Lotus PLC) , (NP (NP a British engineering and specialty car maker) (SBAR (WHNP-1 0) (S (NP-SBJ GM) (VP bought (NP *T*-1) (PP-TMP in (NP 1986)))))))))))))) .)) (TOP (S (NP-SBJ Texaco Inc.) (VP reported (NP (NP an (ADJP 11 %) increase) (PP in (NP third-quarter earnings)) , (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP attributed (NP *T*-1) (PP (ADVP partly) to (NP (NP (NP the company 's) massive restructuring) (SBAR-TMP after (S (NP-SBJ it) (VP emerged (PP-CLR from (NP bankruptcy-law proceedings)) (ADVP-TMP (NP 18 months) ago))))))))))) .)) (TOP (S (NP-SBJ Sun Co.) (ADVP also) (VP reported (NP higher earnings)) .)) (TOP (S (ADVP Meanwhile) , (PP like (NP (NP many other oil companies) (VP hurt (NP *) (PP by (NP-LGS (ADJP less-profitable) downstream businesses))))) , (NP-SBJ (NP Mobil Corp.) , (NP Shell Oil Co.) and (NP Chevron Corp.)) (VP reported (NP lower quarterly earnings)) .)) (TOP (NP-HLN Texaco)) (TOP (S (NP-SBJ (NP Texaco 's) exploration and production earnings) (VP improved (PP-PRP as (NP (NP a result) (PP of (NP (NP its streamlining) (PP of (NP those operations)) (SBAR-TMP as (S (NP-SBJ it) (VP sold (NP (NP many) (PP of (NP its marginal producing properties))) (PP-TMP over (NP the past 18 months)))))))))) .)) (TOP (S (NP-SBJ (NP An increase) (PP in (NP (NP production) (PP-LOC at (NP (NP (NP some major oil fields) (PP-LOC in (NP the North Sea))) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP had (VP been (VP knocked (NP *-1) (PRT out) (PP by (NP-LGS an explosion)) (PP-TMP in (NP July 1988)))))))))))) , (ADVP also) (VP aided (NP results)) .)) (TOP (S (NP-SBJ (NP The sale) (PP of (NP (NP a portion) (PP of (NP refining and marketing operations)))) (PP to (NP Saudi Arabia))) (VP helped (VP alleviate (NP (NP the decline) (PP in (NP (NP earnings) (PP from (NP that business))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 The company) (VP has (VP been (VP (ADVP completely) revamped (NP *-1))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Frank Knuettel) , (NP (NP analyst) (PP for (NP Prudential-Bache Securities Inc)))) .)) (TOP (S (NP-SBJ (NP Third-quarter net income) (PP-LOC at (NP Texaco))) (VP rose (PP-DIR to (NP (QP $ 305 million) *U*)) (PP-DIR from (NP (QP $ 274 million) *U*) (NP-TMP last year))) .)) (TOP (S (NP-SBJ Revenue) (VP declined (NP-EXT 3.4 %) , (PP-DIR to (NP (QP $ 8.4 billion) *U*)) (PP-DIR from (NP (QP $ 8.7 billion) *U*))) .)) (TOP (S (NP-SBJ Per-share earnings) (VP declined (PP-DIR to (NP (NP $ 1.10 *U*) (NP-ADV a share))) (PP-DIR from (NP (NP $ 1.12 *U*) (NP-ADV a share)))) , (PP-PRP (ADVP largely) because of (NP (NP (QP 21 million) additional shares) (VP issued (NP *) (S-PRP (NP-SBJ *) (VP to (VP retire (NP (NP (QP $ 1 billion) *U*) (PP of (NP debt))))))))) .)) (TOP (S (NP-SBJ Per-share earnings) (ADVP also) (VP shrank (PP-PRP because of (NP (NP dividends) (PP on (NP (NP a new series) (PP of (NP preferred stock))))))) .)) (TOP (S (NP-SBJ (NP Sun Sun Co. 's) net income) (VP climbed (NP-EXT 18 %) (PP-DIR to (NP (NP (QP $ 85 million) *U*) , or (NP (NP 80 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 72 million) *U*) , or (NP (NP 67 cents) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP increased (NP-EXT 11 %) , (PP-DIR to (NP (QP $ 2.73 billion) *U*)) (PP-DIR from (NP (QP $ 2.46 billion) *U*))) .)) (TOP (S (NP-SBJ Sun) (VP said (SBAR 0 (S (NP-SBJ (NP some) (PP of (NP the growth))) (VP reflects (NP (NP higher earnings) (PP-LOC in (NP (NP the oil sands operation) (PP of (NP (NP Suncor) , (NP a majority-owned Canadian subsidiary)))))))))) .)) (TOP (S (NP-SBJ Chairman Robert McClements Jr.) (VP said (SBAR 0 (S (NP-SBJ (NP the synthetic crude oil production) (PP from (NP the facility))) (VP rose (SBAR-TMP even as (S (NP-SBJ (NP the price) (PP for (NP that oil))) (VP increased))))))) .)) (TOP (S (NP-SBJ Overseas exploration and production results) (ADVP also) (VP improved (PP-PRP because of (NP (NP additional output) (PP from (NP (NP the North Sea Magnus Field) , (SBAR (WHNP-2 (NP a portion) (WHPP of (WHNP which))) (S (NP-SBJ-1 *T*-2) (VP was (VP acquired (NP *-1) (PP by (NP-LGS Sun)) (ADVP-TMP earlier (NP this year))))))))))) .)) (TOP (S (NP-SBJ Results) (VP declined , (ADVP however) , (PP-LOC in (NP (NP Sun 's) refining and marketing and coal businesses))) .)) (TOP (NP-HLN Shell Oil)) (TOP (S (NP-SBJ (NP Profits) (PP of (NP (NP Shell) , (NP (NP a subsidiary) (PP of (NP the Royal Dutch/Shell Group))) ,))) (VP tumbled (NP-EXT (NP (QP $ 24 million) *U*) , or (NP 6.6 %) ,) (PP-DIR to (NP (QP $ 340 million) *U*)) , (PP despite (NP (NP a gain) (PP of (NP (QP $ 30 million) *U*)) (PP from (NP an insurance settlement))))) .)) (TOP (S (NP-SBJ President Frank Richardson) (VP attributed (NP the decline) (PP-CLR to (NP (NP lower natural gas prices) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP countered (NP (NP higher earnings) (PP from (NP (NP the crude oil sector) (PP of (NP (NP Shell 's) exploration and production operation))))))))))) .)) (TOP (SINV (VP-TPC-1 Shaving (PRT away) (NP (NP some) (PP of (NP (NP the gain) (PP-LOC in (NP that unit)))))) (VP was (VP *T*-1)) (NP-SBJ (NP a decline) (PP-LOC in (NP U.S. oil production)) (PP-DIR to (NP (NP 502,000 barrels) (PP of (NP oil)) (NP-ADV a day)) (PP-TMP during (NP the quarter))) (PP-DIR from (NP (NP 527,000 barrels) (NP-ADV a day)) (NP-TMP last year))) .)) (TOP (S (NP-SBJ (NP Shell 's) chemical earnings) (VP fell (PP-EXT by (NP (QP $ 67 million) *U*)) , (PP-DIR to (NP (QP $ 137 million) *U*)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP lower margins) and (NP (NP less demand) (PP for (NP commodity chemicals))))))) .)) (TOP (NP-HLN Mobil)) (TOP (S (NP-SBJ (NP Net income) (PP-LOC at (NP Mobil Corp.))) (VP slipped (NP-EXT 4.5 %) (PP-DIR to (NP (NP (QP $ 532 million) *U*) , or (NP (NP $ 1.30 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 557 million) *U*) , or (NP (NP $ 1.36 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP declined (NP-EXT (QP $ 518 million) *U*) , (PP-DIR to (NP (QP $ 13.63 billion) *U*))) .)) (TOP (S (NP-SBJ Earnings) (VP included (NP (NP a one-time gain) (PP of (NP (QP $ 192 million) *U*)) (PP on (NP (NP a property transaction) (PP-LOC in (NP Hong Kong)))))) .)) (TOP (S (NP-SBJ Exploration and production profits) (VP slumped (NP-EXT (QP $ 40 million) *U*) (ADVP-PRP due (PP to (NP (NP a provision) (PP for (NP restructuring costs)))))) .)) (TOP (S (NP-SBJ The restructuring) (VP (VP will (VP take (NP place) (PP-TMP over (NP a two-year period)))) and (VP will (VP involve (NP (NP the transfer and layoff) (PP of (NP (NP employees) (PP-LOC in (NP U.S. operations)))) (SBAR-PRD (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP (VP reduce (NP costs)) and (VP focus (NP efforts) (PP-LOC in (NP other areas))))))))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ third-quarter earnings) (VP included (NP (NP (NP a (ADJP (QP $ 157 million) *U*) gain) (PP from (NP foreign tax rate changes))) and (NP (NP a loss) (PP from (NP (NP a (ADJP (QP $ 65 million) *U*) write-off) (PP of (NP reserves))))))) .)) (TOP (NP-HLN Chevron)) (TOP (S (NP-SBJ (NP Chevron 's) net income) (VP fell (NP-EXT 0.7 %) , (PP-DIR to (NP (NP (QP $ 417 million) *U*) , or (NP (NP $ 1.22 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 420 million) *U*) , or (NP (NP $ 1.23 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Results) (VP included (NP (NP (NP a (ADJP (QP $ 37 million) *U*) gain) (PP from (NP (NP the sale) (PP of (NP (NP rights) (PP from (NP (NP (NP Chevron 's) investment) (PP-LOC in (NP Amax Inc.))))))))) , and (NP (NP a loss) (PP of (NP (QP $ 30 million) *U*)) (PP from (NP (NP the sale) (PP of (NP California oil and gas properties))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 11 %) , (PP-DIR to (NP (QP $ 8 billion) *U*)) (PP-DIR from (NP (QP $ 7.2 billion) *U*))) .)) (TOP (S (NP-SBJ Chevron) (VP said (SBAR 0 (S (S (NP-SBJ higher crude oil prices) (VP boosted (NP (NP profits) (PP from (NP production operations))))) , but (S (NP-SBJ (NP margins) (PP-LOC in (NP refining and marketing))) (VP declined))))) .)) (TOP (S (NP-SBJ (NP Profits) (PP from (NP U.S. exploration and production operations))) (VP totaled (NP (QP $ 58 million) *U*) , (PP-TMP after (NP the property sale loss)) , (PP compared (PP with (NP (NP a year-earlier (ADJP (QP $ 44 million) *U*) loss) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP included (NP a (ADJP (QP $ 16 million) *U*) reorganization charge)))))))) .)) (TOP (S (NP-SBJ Refining and marketing operations) (VP earned (NP (QP $ 130 million) *U*) (PP-TMP in (NP the quarter)) (NP-TMP this year) , (PP compared (PP with (NP (NP earnings) (PP of (NP (QP $ 186 million) *U*)) (ADVP-TMP (NP a year) earlier) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP included (NP (NP (QP $ 18 million) *U*) (PP in (NP (NP charges) (PP for (NP environmental programs)))))))))))) .)) (TOP (S (NP-SBJ Foreign earnings) (VP fell (PP-DIR to (NP (QP $ 180 million) *U*)) (PP-DIR from (NP (NP (QP $ 182 million) *U*) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP included (NP (NP a (ADJP (QP $ 48 million) *U*) gain) (PP from (NP lower (ADJP Canadian and Australian) taxes))))))))) .)) (TOP (S (NP-SBJ Chemical profits) (VP fell (PP-DIR to (NP (QP $ 78 million) *U*)) (PP-DIR from (NP (QP $ 98 million) *U*))) .)) (TOP (S (NP-SBJ Jeff Rowe) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ-1 Asarco Inc.) , (S-ADV (NP-SBJ *-1) (VP continuing (NP its effort (S (NP-SBJ *) (VP to (VP refocus (NP its business))))))) , (VP (VP ended (NP (NP its involvement) (PP-LOC in (NP asbestos mining))) (PP-TMP in (NP the third quarter))) and (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP would (VP stop (S (NP-SBJ *-2) (VP mining and selling (NP coal))) (PP-TMP by (NP year end)))))))) .)) (TOP (S (NP-SBJ The mining , metal and specialty-chemical concern) (VP said (SBAR 0 (S (NP-SBJ (NP combined revenue) (PP for (NP asbestos and coal))) (VP was (NP-PRD (NP (QP about $ 40 million) *U*) (PP of (NP (NP (NP the company 's) total revenue) (PP-TMP in (NP 1988)) (PP of (NP (QP $ 1.98 billion) *U*))))))))) .)) (TOP (S (NP-SBJ (NP Richard de J. Osborne) , (NP (NP chairman) , (NP president) and (NP chief executive officer)) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the company 's) `` decisions (S (NP-SBJ *) (VP to (VP get (PP-CLR out (PP of (NP (NP asbestos) and (NP high-sulfur coal)))))))) (VP continue (NP (NP the process) (PP of (S-NOM (NP-SBJ *) (VP (VP simplifying) and (VP focusing (NP the company) (PP-LOC in (NP (NP areas) (PP with (NP a better future))))))))))))) . '')) (TOP (S (NP-SBJ Asarco) (ADVP also) (VP reported (SBAR 0 (S (NP-SBJ third-quarter net income) (VP rose (NP-EXT 14 %) , (PP-DIR to (NP (NP (QP $ 52.7 million) *U*) , or (NP (NP $ 1.25 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP a restated (QP $ 46.2 million) *U*) , or (NP (NP $ 1.10 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Asarco) (VP said (SBAR 0 (S (NP-SBJ the gain) (VP reflected (NP (NP (NP continued strength) (PP-LOC in (NP (NP prices) (PP for (NP refined copper , lead and zinc))))) , and (NP (NP higher equity earnings) (PP-LOC in (NP (NP Mexico Desarrollo Industrial Minero S.A.) , (NP (NP a Mexican mining company) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ Asarco) (VP has (NP a (ADJP 34 %) stake) (PP-LOC *T*-1))))))))))))) .)) (TOP (S (NP-SBJ-1 The 1988 results) (VP were (VP restated (NP *-1) (PP for (NP accounting-rules changes)))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 4.5 %) (PP-DIR to (NP (QP $ 522.3 million) *U*)) (PP-DIR from (NP (QP $ 499.4 million) *U*))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ Asarco) , (PP-MNR through (NP its Lac d'Amiante du Quebec subsidiary)) , (VP sold (NP (NP its remaining one-third interest) (PP-LOC in (NP (NP an asbestos mining limited partnership) (PP-LOC in (NP Canada))))) (PP-CLR for (NP (QP $ 11.7 million) *U*))) .)) (TOP (S (NP-SBJ Asarco) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP (VP plans (S (NP-SBJ *-2) (VP to (VP (VP shut (PRT down) (NP *RNR*-1)) or (VP sell (NP *RNR*-1)) (NP-1 its Rapatee coal mine))))) and (VP will (VP end (NP (NP its involvement) (PP-LOC in (NP southern Illinois strip mining))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR (SBAR that (S (NP-SBJ it) (VP is (VP discussing (NP (NP a management-employee buy-out) (PP of (NP the facility))))))) , but (SBAR that (S (NP-SBJ-1 it) (VP would (VP stop (S (NP-SBJ *-1) (VP mining and selling (NP coal))) (PP-TMP at (NP (NP year end) (SBAR (WHADVP when) (S (NP-SBJ existing sales contracts) (VP expire))))) , (ADVP regardless (PP of (NP (NP the outcome) (PP of (NP those talks))))))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ-1 Asarco) (VP fell (NP-EXT $ 1.375 *U*) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 31.75 *U*)))))) .)) (TOP (S (NP-SBJ (NP Companies) (VP listed (NP *) (ADVP-LOC below))) (VP reported (NP (NP quarterly profit) (ADJP substantially different (PP from (NP (NP the average) (PP of (NP (NP analysts ') estimates))))))) .)) (TOP (S (NP-SBJ-1 The companies) (VP (VP are (VP followed (NP *-1) (PP by (NP-LGS (QP at least three) analysts)))) , and (VP had (NP (NP a minimum five-cent change) (PP-LOC in (NP (NP actual earnings) (PP per (NP share))))))) .)) (TOP (S (NP-SBJ-1 (NP Estimated and actual results) (VP involving (NP losses))) (VP are (VP omitted (NP *-1))) .)) (TOP (S (NP-SBJ The percent difference) (VP compares (NP actual profit) (PP-CLR with (NP (NP the 30-day estimate) (SBAR (WHADVP-1 where) (S (NP-SBJ (QP at least three) analysts) (VP have (NP issues forecasts) (PP-TMP in (NP the past 30 days)) (ADVP-LOC *T*-1))))))) .)) (TOP (S (ADVP Otherwise) , (NP-SBJ-1 actual profit) (VP is (VP compared (NP *-1) (PP-CLR with (NP the 300-day estimate)))) .)) (TOP (S (NP-SBJ-1 David W. Lodge) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP (NP vice president) and (NP chief financial officer)) , (ADJP effective (NP-TMP Nov. 1)))))) .)) (TOP (S (NP-SBJ (NP Mr. Lodge) , (ADJP (NP 48 years) old) , (NP (NP a former finance executive) (PP-LOC at (NP (NP Singer Sewing Machine Co.) and (NP Celanese Corp.)))) ,) (VP succeeds (NP (NP Francis L. Brophy) , (NP 64) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP plans (S (NP-SBJ *-2) (VP to (VP retire (PP-CLR from (NP the company)) (NP-TMP next year))))))))) .)) (TOP (S (NP-SBJ (NP Carlos A. Salvagni) , (NP (NP vice president) , (NP pharmaceutical manufacturing) ,)) (VP will (VP assume (NP (NP responsibility) (PP for (NP (NP manufacturing) (PP-LOC in (NP (NP Kalamazoo) , (NP Mich.) ,)))) (ADJP effective (NP-TMP Nov. 1))))) .)) (TOP (S (NP-SBJ (NP Mr. Salvagni) , (ADJP (NP 53 years) old) ,) (VP succeeds (NP (NP John C. Griffin) , (NP 57) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP retiring (PP-CLR as (NP (NP corporate vice president) (PP of (NP pharmaceutical manufacturing)))))))))) .)) (TOP (S (NP-SBJ Upjohn) (VP is (NP-PRD (NP a world-wide provider) (PP of (NP (NP (NP health-care products) and (NP services)) , (NP (NP seeds) and (NP speciality chemicals)))))) .)) (TOP (S (NP-SBJ This (NAC-LOC Brooklyn , N.Y. ,) generic-drug maker) (VP announced (NP (NP a (ADJP 5 %) stock dividend) (ADJP payable (NP-TMP Dec. 15) , (PP to (NP (NP holders) (PP of (NP record)) (NP-TMP Nov. 15)))))) .)) (TOP (S (PP-TMP As (PP of (NP Sept. 30))) , (NP-SBJ Halsey) (VP had (NP (NP (QP 5.3 million) common shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ (NP Jay Marcus) , (NP president) ,) (VP said (SBAR 0 (S (NP-SBJ the move) `` (VP reflects (NP (NP (NP the confidence) (PP of (NP our board and management)) (PP in (NP (NP Halsey 's) long-term prospects))) and (NP our desire (S (NP-SBJ *) (VP to (VP provide (NP our shareholders) (PP-CLR with (NP (NP an attractive return) (PP on (NP their investment))))))))))))) . '')) (TOP (S (PP-LOC In (NP American Stock Exchange composite trading)) , (NP-SBJ Halsey) (VP closed (PP-CLR at (NP (NP $ 5.8125 *U*) (NP-ADV a share))) , (ADVP up (NP 6.25 cents))) .)) (TOP (S (NP-SBJ-1 Walter M. Brady) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP a senior vice president) (PP of (NP this insurer)) (PP-LOC in (NP the Canadian head office)))))) .)) (TOP (S (NP-SBJ He) (VP had (VP been (NP-PRD (NP vice) president (PP-LOC in (NP that office))))) .)) (TOP (S (NP-SBJ-1 John B. Foy) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD senior vice president))) and (VP remains (ADJP-PRD responsible (PP for (NP the individual policy services department))))) .)) (TOP (S (NP-SBJ-1 Frank J. Ollari) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP senior vice president) (PP in (NP (NP charge) (PP of (NP the mortgage finance department)))))))) .)) (TOP (S (NP-SBJ He) (VP had (VP been (NP-PRD (NP vice president) (PP of (NP (NP the department) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP was (ADVP-TMP formerly) (VP called (S (NP-SBJ *-2) (NP-PRD the real estate department))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Timothy C. Brown) , (NP a vice president) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP executive vice president) and (NP a director)) (PP of (NP this lighting and specialty products concern)))))) .)) (TOP (S (PP-LOC In (NP the director post)) , (NP-SBJ (NP Mr. Brown) , (ADJP (NP 38 years) old) ,) (VP succeeds (NP (NP Joseph W. Hibben) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP retired (PP-CLR from (NP the board)) (PP-TMP in (NP August))))))) .)) (TOP (S (NP-SBJ-1 (NP C. Barr Schuler) , (NP 49) , (NP (NP vice president) and (NP chief financial officer)) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP senior vice president) (PP of (NP corporate development and acquisitions))) , (NP a new post))))) .)) (TOP (S (NP-SBJ-1 (NP Phillip J. Stuecker) , (NP 37) , (NP (NP vice president) , (NP secretary) and (NP treasurer)) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP vice president) (PP of (NP finance))) and (NP chief financial officer))))) .)) (TOP (S (NP-SBJ He) (VP remains (NP-PRD secretary)) .)) (TOP (S (NP-SBJ-1 (NP Ronald B. Koenig) , (ADJP (NP 55 years) old) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP a senior managing director) (PP of (NP (NP the Gruntal & Co. brokerage subsidiary) (PP of (NP this insurance and financial-services firm)))))))) .)) (TOP (S (NP-SBJ Mr. Koenig) (VP will (VP build (NP (NP the corporate-finance and investment-banking business) (PP of (NP (NP Gruntal) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (ADVP primarily) (VP been (NP-PRD a retail-based firm)))))))))) .)) (TOP (S (NP-SBJ He) (VP was (NP-PRD (NP (NP chairman) and (NP co-chief executive officer)) (PP of (NP Ladenburg , Thalmann & Co.))) (PP-TMP until (NP (NP July) , (SBAR (WHADVP-3 when) (S (NP-SBJ-1 he) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP co-chairman) (PP of (NP the investment-banking firm)))) (ADVP along (PP with (NP (NP Howard L. Blum Jr.) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (ADVP then) (VP became (NP-PRD the sole chief executive))))))) (ADVP-TMP *T*-3)))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ (NP Mr. Blum) , (NP 41) ,) (VP (VP said (SBAR 0 (S (NP-SBJ he) (VP was n't (ADJP-PRD aware (PP of (NP (NP plans (S *ICH*-1)) (PP-LOC at (NP Ladenburg)) (S-1 (NP-SBJ *) (VP to (VP name (NP (NP a co-chairman) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP succeed (NP Mr. Koenig)))))))))))))))) and (VP said (SBAR 0 (S (NP-SBJ-3 the board) (VP would (VP need (S (NP-SBJ *-3) (VP to (VP approve (NP any (NX (NX appointments) or (NX title changes)))))))))))) .)) (TOP (S (NP-SBJ Mr. Blum) (VP added (SBAR 0 (S (S (NP-SBJ he) (VP was n't (ADJP-PRD surprised (SBAR 0 (S (NP-SBJ Mr. Koenig) (VP resigned)))))) , but (S (NP-SBJ his departure) (VP was `` (NP-PRD (NP nothing) (SBAR (WHNP-1 that) (S (NP-SBJ we) (VP (VP desired (NP *T*-1)) or (VP worked (PP-CLR for (NP *T*-1)))))))))))) . '')) (TOP (S (NP-SBJ Mr. Koenig) (VP said : `` (S (NP-SBJ I) (VP (ADVP just) got (NP (NP a tremendous offer) (PP from (NP Gruntal)))))) .)) (TOP (S (NP-SBJ MCI Communications Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP a (ADJP (QP $ 12 million) *U*) contract (S (NP-SBJ *) (VP to (VP provide (NP virtual network services) (PP-CLR to (NP (NP (NP Woolworth Corp. 's) 5,600 corporate and retail sites) (PP in (NP the)))))))))))))) (TOP (S (NP-SBJ The contract) (ADVP also) (VP provides (PP-CLR for (NP advanced billing and network management services))) .)) (TOP (S (NP-SBJ Woolworth) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP expand (NP (NP usage) (PP of (NP the MCI services))) (SBAR-ADV as (S (NP-SBJ it) (VP adds (NP (QP about 6,000) business locations) (PP-TMP over (NP the next few years)))))))))))) .)) (TOP (S (NP-SBJ The Philippine merchandise trade deficit) (VP widened (PP-DIR to (NP (QP $ 1.71 billion) *U*) (PP-TMP during (NP (NP the first eight months) (PP of (NP 1989))))) (PP-DIR from (NP (QP $ 807 million) *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Imports) (VP continued (S (NP-SBJ *-1) (VP to (VP outpace (NP Philippine exports)))) , (PP despite (NP (NP gains) (PP-LOC in (NP shipments abroad)))) ,)) (NP-SBJ the government National Statistics Office) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Exports) (VP reached (NP (QP $ 5.12 billion) *U*) , (ADVP up (PP from (NP (QP $ 4.52 billion) *U*) (ADVP-TMP (NP a year) earlier))) , (SBAR-TMP while (S (NP-SBJ imports) (VP rose (PP-DIR to (NP (QP $ 6.81 billion) *U*)) (PP-DIR from (NP (QP $ 5.33 billion) *U*)))))) .)) (TOP (S (NP-SBJ (NP The trade deficit) (PP-TMP in (NP the first eight months))) (VP is (ADVP already) (ADJP-PRD wider (PP than (NP (NP the trade gap) (PP of (NP (QP $ 1.09 billion) *U*)) (PP-TMP for (NP (NP all) (PP of (NP 1988)))))))) .)) (TOP (S (NP-SBJ Analysts) (VP expect (S (NP-SBJ (NP the trade gap) (PP-TMP for (NP the year))) (VP to (VP surpass (NP (QP $ 2 billion) *U*)))) (SBAR-ADV as (S (NP-SBJ-1 (NP demand) (PP for (NP (NP capital equipment) and (NP raw materials)))) (VP continues (S (NP-SBJ *-1) (VP to (VP push (NP imports) (ADJP-ADV higher)))))))) .)) (TOP (S (NP-SBJ Birtcher Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP (NP a definitive agreement) (PP with (NP (NP C.R. Bard Inc.) , (NP (NP a (NAC-LOC Murray Hill , N.J. ,) maker) (PP of (NP health-care products))) ,)) (PP for (NP (NP the purchase) (PP of (NP (NP the company 's) Bard/EMS Electrosurgery division)) (PP for (NP (QP about $ 11 million) *U*))))))))) .)) (TOP (S (NP-SBJ (NP Birtcher) , (NP (NP a maker) (PP of (NP electronic medical equipment))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the transaction) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP close (PP-TMP on or before (NP Nov. 30)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Bard/EMS) (VP had (NP (NP 1988 sales) (PP of (NP (QP about $ 14 million) *U*))))) , (NP-SBJ Birtcher) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (NP-HLN (NP WINSTON-SALEM) , (NP N.C.) --)) (TOP (S (NP-SBJ First Wachovia Corp.) (VP said (SBAR 0 (S (NP-SBJ John F. McNair III) (VP will (VP retire (PP-CLR as (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP (NP this regional banking company 's) Wachovia Corp. and Wachovia Bank & Trust Co. subsidiaries)))) (PP-TMP on (NP Dec. 31))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. McNair) , (ADJP (NP 62 years) old) ,) (VP will (VP be (VP succeeded (NP *-1) (PP by (NP-LGS (NP L.M. `` Bud '' Baker Jr.) , (NP 47) , (NP (NP (NP the parent 's) chief credit officer) and (NP (NP head) (PP of (NP its administration division))))))))) .)) (TOP (S (S (NP-SBJ Mr. Baker) (VP will (VP relinquish (NP his previous positions)))) , but (S (NP-SBJ-1 (NP a successor) (PP for (NP him))) (VP has n't (VP been (VP named (NP *-1) (ADVP-TMP yet))))) .)) (TOP (S (PP In (NP addition)) , (PP-TMP on (NP Jan. 1)) , (NP-SBJ-1 (NP Thomas A. Bennett) , (NP 52) ,) (VP will (VP become (NP-PRD (NP (NP vice chairman) and (NP chief operating officer)) (PP of (NP (NP Wachovia) and (NP Wachovia Bank & Trust)))) , (S-ADV (NP-SBJ *-1) (VP filling (NP (NP a vacancy) (VP left (NP *) (PP by (NP-LGS the (ADJP retired) Hans W. Wanders)) (PP-TMP in (NP April)))))))) .)) (TOP (S (NP-SBJ Mr. Bennett) (VP will (VP continue (PP-CLR as (NP (NP executive) (PP in (NP (NP charge) (PP of (NP the North Carolina banking operation)))))))) .)) (TOP (S (NP-SBJ-1 Messrs. (NX (NX Baker) and (NX Bennett))) (VP have (VP been (VP elected (S (NP-SBJ *-1) (NP-PRD (NP directors) (PP of (NP (NP Wachovia) and (NP Wachovia Bank & Trust))))) (S-ADV (NP-SBJ *-1) (VP filling (NP (NP vacant seats) (PP-LOC on (NP both boards)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Canadian retail sales) (VP rose (NP-EXT 0.2 %) (PP-TMP in (NP August)) (PP-DIR from (NP-TMP July)))) , (NP-SBJ (NP Statistics Canada) , (NP a federal agency) ,) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The August increase) (VP followed (NP (NP a (ADJP 0.3 %) decline) (PP-TMP in (NP July)))) .)) (TOP (S (S-TPC-2 (PP-TMP During (NP the past four months)) , (NP-SBJ-1 retail sales) (VP have (VP remained (ADJP-PRD generally weak) , (S-ADV (NP-SBJ *-1) (VP advancing (NP (NP (NP an average) (NP 0.2 %)) (NP-ADV a month))))))) , (NP-SBJ the agency) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Raw-steel production) (PP by (NP (NP the nation 's) mills))) (VP decreased (NP-EXT 0.7 %) (NP-TMP last week) (PP-DIR to (NP 1,816,000 tons)) (PP-DIR from (NP 1,828,000 tons) (NP-TMP the previous week)))) , (NP-SBJ the American Iron and Steel Institute) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Last week 's) output) (VP fell (NP-EXT 1.7 %) (PP-DIR from (NP (NP the 1,848,000 tons) (VP produced (NP *) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ The industry) (VP used (NP (NP 81.6 %) (PP of (NP its capability))) (NP-TMP last week) , (PP compared (PP with (NP (NP (NP 82.2 %) (NP-TMP the previous week)) and (NP (NP 86.2 %) (ADVP-TMP (NP a year) ago)))))) .)) (TOP (S (NP-SBJ The American Iron and Steel Institute) (VP reported : (SBAR 0 (S (NP-SBJ The capability utilization rate) (VP is (NP-PRD (NP a calculation) (VP designed (NP *) (S-PRP (NP-SBJ *) (VP to (VP indicate (SBAR (WHPP-1 at (WHNP (WHNP what percent) (PP of (NP its production capability)))) (S (NP-SBJ the industry) (VP is (VP operating (PP-TMP in (NP a given week)) (PP-LOC *T*-1))))))))))) .))))) (TOP (S (S-TPC-1 (PP With (NP (NP reduced exports) and (NP rising imports))) , (NP-SBJ (NP (NP South Korea 's) trade surpluses) (PP with (NP (NP the U.S.) and (NP Europe))) (PP-TMP between (NP January and September))) (VP fell (ADVP-MNR sharply) (PP-DIR from (ADVP-TMP (NP a year) ago)))) , (NP-SBJ the Customs Administration) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Officials) (VP said (SBAR 0 (S (NP-SBJ (NP (NP South Korea 's) trade surplus) (PP with (NP the U.S.)) (PP-TMP for (NP (NP the first nine months) (PP of (NP the year))))) (VP totaled (NP (QP $ 3.49 billion) *U*) , (ADVP down (NP 43 %) (PP-DIR from (NP (NP the same period) (NP-TMP last year))) (PP on (NP a customs-clearance basis))))))) .)) (TOP (S (NP-SBJ (NP South Korean exports) (PP to (NP the U.S.)) (PP-TMP during (NP the period))) (VP fell (NP-EXT 1.6 %) (PP-DIR from (ADVP-TMP (NP a year) ago)) (PP-DIR to (NP (QP $ 15.06 billion) *U*)) , (SBAR-ADV while (S (NP-SBJ (NP imports) (PP from (NP the U.S.))) (VP soared (NP-EXT 26 %) (PP-DIR to (NP (QP $ 11.56 billion) *U*)))))) .)) (TOP (S (NP-SBJ-1 (NP The trade surplus) (PP with (NP Europe))) (VP was (VP pegged (NP *-1) (PP-CLR at (NP (QP $ 414 million) *U*)) , (ADVP down (NP 57 %) (PP-DIR from (NP-TMP (NP a year) ago))))) .)) (TOP (S (NP-SBJ Officials) (VP said (SBAR 0 (S (NP-SBJ (NP (ADJP South Korean) exports) (PP to (NP Europe))) (VP dropped (NP-EXT 5.3 %) (PP-DIR to (NP (QP $ 3.02 billion) *U*))))) (SBAR-ADV while (S (NP-SBJ (NP imports) (PP from (NP-LOC there))) (VP went (ADVP up (NP 17 %) (PP-DIR to (NP (QP $ 2.61 billion) *U*))))))) .)) (TOP (S (NP-SBJ Bausch & Lomb Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 its pharmaceuticals subsidiary) (VP agreed (S (NP-SBJ *-1) (VP to (VP supply (NP (NP collagen corneal shields) (PP for (NP animal eye surgery))) (PP-CLR to (NP (NP a unit) (PP of (NP International Minerals & Chemical Corp))))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ The agreement) (VP marks (NP (NP (NP Bausch & Lomb 's) first venture) (VP selling (NP its eye care products) (PP-PRP for (NP (NP use) (PP by (NP veterinarians))))))) .)) (TOP (S (NP-SBJ The collagen corneal shield) (VP helps (VP speed (NP (NP healing) (PP of (NP the cornea)) (PP-TMP after (NP eye surgery))))) .)) (TOP (S (NP-SBJ-1 The product) (VP will (VP be (VP distributed (NP *-1) (PP by (NP-LGS (NP Pitman-Moore Inc.) , (NP (NP a subsidiary) (PP of (NP International Minerals)))))))) .)) (TOP (S (NP-SBJ (NP (NP France 's) industrial production index) (PP-TMP for (NP July and August))) (VP (VP rose (NP-EXT 1 %) (PP-DIR from (NP-TMP June))) and (VP was (ADVP-PRD up (NP 4.6 %) (PP-DIR from (ADVP-TMP (NP a year) ago)))) , (PP according (PP to (NP (NP (ADJP seasonally adjusted) data) (PP from (NP the National Statistics Institute)))))) .)) (TOP (S (NP-SBJ (NP The state agency) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP (VP (ADVP usually) publishes (NP the data) (PP-MNR on (NP monthly basis))) , but (VP (ADVP traditionally) combines (NP (NP the index) (PP for (NP the two summer-holiday months))))))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the advance) (VP was (VP led (NP *-1) (PP by (NP-LGS (NP (NP output) (PP of (NP consumer goods))) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP (VP rose (NP-EXT 3.5 %) (PP-DIR from (NP-TMP June))) and (VP was (ADVP-PRD up (NP 7.2 %) (PP-DIR from (ADVP-TMP (NP a year) earlier)))))))))))))) .)) (TOP (S (NP-SBJ Semifinished goods) (VP turned (PRT in) (NP a strong showing) , (PP with (NP (NP (NP a monthly rise) (PP of (NP 2 %))) and (NP (NP a year-on-year advance) (PP of (NP 3 %)))))) .)) (TOP (S (NP-SBJ Food production) (VP was (ADVP-PRD (ADVP ahead (NP-1 1.7 %) (PP-DIR-2 from (NP-TMP June))) and (ADVP (NP=1 5.3 %) (PP-DIR=2 from (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ (NP Output) (PP-LOC in (NP the capital-goods sector))) (VP was (ADVP-PRD (ADVP ahead (NP-1 0.9 %) (PP-2 on (NP a monthly basis))) and (ADVP (NP=1 2.7 %) (NP-ADV=2 (NP year) (PP on (NP year)))))) .)) (TOP (S (NP-SBJ-1 These gains) (VP were (VP (ADVP partly) offset (NP *-1) (PP by (NP-LGS (NP output) (PP of (NP (NP cars) and (NP other consumer durables))) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP eased (NP-EXT 3.9 %) (PP-DIR from (NP (NP June 's) high level))))))))) .)) (TOP (S (NP-SBJ The sector) (VP was (ADVP-TMP still) (PP-PRD (NP-ADV 8.8 %) above (NP (NP its output levels) (PP-DIR from (ADVP-TMP (NP a year) earlier)))) , (ADVP however)) .)) (TOP (S (NP-SBJ International Minerals & Chemical Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (ADVP-MNR definitively) (S (NP-SBJ *-1) (VP to (VP sell (NP its international fragrance business) (PP-DTV to (NP (NP Bayer AG) (PP of (NP West Germany))))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ (NP The maker) (PP of (NP animal health and nutrition products))) (VP said (SBAR 0 (S (NP-SBJ (NP the business) , (NP (NP Creations Aromatiques) (PP of (NP (NP (NP Port Valais) , (NP-LOC Switzerland) ,) and (NP (NP Woodside) , (NP-LOC N.Y.) ,))))) (VP (VP is (NP-PRD (NP a division) (PP of (NP its Mallinckrodt Inc. subsidiary)))) and (VP had (NP (NP sales) (PP of (NP (QP about $ 30 million) *U*)) (PP for (NP its (ADJP most recent) year)))))))) .)) (TOP (S (NP-SBJ International Minerals) (VP said (SBAR 0 (S (NP-SBJ the sale) (VP will (VP allow (S (NP-SBJ Mallinckrodt) (VP to (VP focus (NP its resources) (PP-CLR on (NP (NP its core businesses) (PP of (NP (NP medical products) , (NP specialty chemicals) and (NP flavors))))))))))))) .)) (TOP (S (NP-SBJ Consumers Power Co.) (VP filed (PP-CLR with (NP the Michigan Public Service Commission)) (NP a contract (S (NP-SBJ *) (VP to (VP buy (NP power) (PP-CLR from (NP the Palisades nuclear plant)) (PP-LOC under (NP (NP a proposed new ownership arrangement) (PP for (NP the plant))))))))) .)) (TOP (S (NP-SBJ (NP Consumers Power) and (NP Bechtel Power Corp.)) (NP-TMP last year) (VP announced (NP a joint venture (S (NP-SBJ *) (VP to (VP buy (NP (NP the plant) , (VP (ADVP-TMP currently) owned (NP *) (ADVP-MNR completely) (PP by (NP-LGS the utility))))))))) .)) (TOP (S (NP-SBJ Two Japanese scientists) (VP said (SBAR 0 (S (NP-SBJ they) (VP discovered (NP (NP an antibody) (SBAR (WHNP-1 that) , (S (PP-LOC in (NP laboratory test-tube experiments)) , (NP-SBJ-2 *T*-1) (VP kills (NP AIDS-infected cells) (SBAR-TMP while (S (NP-SBJ *-2) (VP preserving (NP healthy cells)))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ further experiments) (VP are (ADJP-PRD successful)))) , (NP-SBJ the work) (VP would (VP represent (NP (NP a major advance) (PP in (NP (NP research) (PP on (NP acquired immune deficiency syndrome))))))) .)) (TOP (S (NP-SBJ-1 (NP The drug AZT) , (NP (NP the only treatment) (RRC (ADVP-TMP currently) (PP on (NP the market)))) ,) (VP claims (S (NP-SBJ-3 *-1) (VP (ADVP only) (VP to (VP help (S (NP-SBJ *-3) (VP stop (NP (NP the spread) (PP of (NP AIDS))))))) , not (VP to (VP cure (NP it)))))) .)) (TOP (S But (NP-SBJ (NP (NP several analysts) and (NP Japanese scientists)) (ADJP familiar (PP with (NP (NP the study) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP announced (NP *-1) (PP-LOC at (NP (NP a conference) (PP-LOC in (NP Nagoya)))) (NP-TMP yesterday))))) ,)))) (VP expressed (NP skepticism) (PP-CLR over (NP (NP the significance) (PP of (NP the results))))) .)) (TOP (S And (NP-SBJ (NP the researchers) (NP themselves)) (VP acknowledged (SBAR 0 (S (NP-SBJ they) (ADVP still) (VP must (VP do (NP (ADJP much more) work) (SBAR-TMP before (S (NP-SBJ they) (VP can (VP say (SBAR whether (S (NP-SBJ the treatment) (VP would (ADVP actually) (VP cure (NP humans)))))))))))))) .)) (TOP (S (NP-SBJ (NP Shin Yonehara) , (NP (NP a research scientist) (PP-LOC at (NP (NP the Tokyo Metropolitan Institute) (PP of (NP Medical Science))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the antibody) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP discovered (NP *T*-2))))) (VP works (PP-MNR by (S-NOM (NP-SBJ *) (VP recognizing (NP (NP an antigen) (VP called (S (NP-SBJ *) (NP-PRD a Fas-antigen))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD characteristic (PP of (NP an infected cell)))))))))))))) .)) (TOP (S (NP-SBJ The antibody) (ADVP-TMP then) (VP kills (NP the cell)) .)) (TOP (S (NP-SBJ (NP Dr. Yonehara) and (NP (NP his partner) , (NP (NP Nobuyuki Kobayashi) (PP of (NP Yamaguchi University))) ,)) (VP said (SBAR 0 (S (NP-SBJ their experiments) (VP showed (SBAR that (S (NP-SBJ the antibody) (VP wiped (PRT out) (NP (NP an average) (PP of (NP (NP 60 %) (PP of (NP AIDS-infected cells))))) (PP-TMP within (NP three days))))))))) .)) (TOP (S (S-TPC-1 (PP-LOC In (NP (NP some) (PP of (NP the experiments)))) , (NP-SBJ it) (VP killed (NP (QP almost all) the infected cells))) , (NP-SBJ the researchers) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ-1 (NP (QP fewer than 10) %) (PP of (NP the healthy cells))) (VP were (VP killed (NP *-1))) .)) (TOP (S (NP-SBJ The two) (VP said (SBAR 0 (S (NP-SBJ they) (VP must (VP (VP (ADVP still) do (NP more laboratory tests)) , then (VP experiment (PP-CLR on (NP animals)))))))) .)) (TOP (S (NP-SBJ They) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP hoped (S (NP-SBJ *-1) (VP to (VP conduct (NP tests) (PP-CLR on (NP (NP human patients) (PP-LOC in (NP the U.S.)))) (PP-TMP by (NP late next year))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Japan) (VP does n't (VP have (NP enough AIDS patients (S (NP-SBJ *-1) (VP to (VP do (NP significant experimentation) (PP-LOC in (NP that country))))))))) , (NP-SBJ they) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The announcement) (VP (VP got (NP wide exposure) (PP-LOC in (NP the Japanese media))) , and (VP (ADVP even) moved (NP some pharmaceutical stocks) (NP-TMP yesterday))) .)) (TOP (S But (NP-SBJ (NP Takashi Kitamura) , (NP (NP (NP director) (PP of (NP (NP the biology department) (PP-LOC at (NP (NP (NP Japan 's) National Institute) (PP of (NP Health))))))) and (NP (NP secretary) (PP of (NP (NP the government 's) AIDS-research center)))) ,) (VP said , `` (S (NP-SBJ I) (VP 'm not (ADJP-PRD so optimistic (PP of (NP (NP its future use) (PP-LOC in (NP therapeutic methods)))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 some infected cells) (VP (VP may not (VP have (NP the relevant antigen))) and (VP (ADVP so) would n't (VP be (VP killed (NP *-1) (PP-TMP (ADVP even) after (NP (NP exposure) (PP to (NP the antibody))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 The results) (VP seem (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD very premature)))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Mitsuru Miyata) , (NP (NP editor) (PP of (NP (NP Nikkei Biotechnology) , (NP a leading Japanese industry newsletter))))) .)) (TOP (S (NP-SBJ Dr. Kobayashi) (VP responded (SBAR that (S (NP-SBJ he) (VP thought (SBAR 0 (S (NP-SBJ the antibody) (VP could (ADVP potentially) (VP kill (NP all infected cells))))))))) .)) (TOP (S But (NP-SBJ (NP he) and (NP Dr. Yonehara)) (VP said (SBAR 0 (S (NP-SBJ there) (VP were (ADVP still) (NP-PRD (NP several uncertainties) , (RRC (ADVP particularly) (PP regarding (NP possible side effects)))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ Our antibody) (VP (ADVP specifically) killed (NP infected cells) (PP-MNR at (NP a (ADJP very low) dose)))) , but (S (NP-SBJ it) (VP can (ADVP also) (VP kill (NP other cells))))) , '' (VP said (S *T*-1)) (NP-SBJ Dr. Yonehara) .)) (TOP (S `` (NP-SBJ We) (VP do n't (VP know (NP (NP the effect) (PP of (NP our antibody)) (PP on (NP the human body))))) . '')) (TOP (S (S (NP-SBJ-1 AIDS) (VP is n't (VP considered (S (NP-SBJ *-1) (NP-PRD (NP a widespread problem) (PP-LOC in (NP Japan))))))) -- (S (NP-SBJ the government) (VP reports (NP (NP (QP about 1,000) known carriers) (PP of (NP the virus))))) -- but (S (NP-SBJ-2 many companies) (VP have (VP poured (NP substantial resources) (PP-CLR into (NP research)) (PP-TMP in (NP recent years)) , (S-ADV (NP-SBJ-3 *-2) (VP hoping (S (NP-SBJ *-3) (VP to (VP cash (PRT in) (PP-CLR on (NP a possible cure)))))))))) .)) (TOP (S (NP-SBJ Dr. Kitamura) (VP said (SBAR (SBAR 0 (S (NP-SBJ (QP about 35) projects) (VP are (ADVP-TMP currently) (PP-PRD under (NP way)) (PP-LOC in (NP Japan))))) , and (SBAR that (S (NP-SBJ (NP Japanese researchers) (PP-TMP in (NP the past year))) (VP have (VP made (S (ADJP-PRD available (PP *ICH*-1) (PP *ICH*-2)) (NP-SBJ three possible cures) (PP-1 to (NP American researchers)) (PP-2 for (NP clinical tests))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP scientists) (PP from (NP the two countries))) (VP meet (ADVP again) (PP-TMP in (NP January)) (PP-LOC in (NP New Orleans)) (ADVP-TMP *T*-1)))) , (NP-SBJ the Japanese) (VP will (VP present (NP (ADJP (QP at least three) more) drugs) (PP-CLR for (NP human testing))))))) .)) (TOP (S (NP-SBJ AZT) (VP is (NP-PRD (NP (NP the world 's) only prescription medicine) (VP approved (NP *) (PP-CLR for (S-NOM (NP-SBJ *) (VP treating (NP the disease))))))) .)) (TOP (S (NP-SBJ (NP Wellcome PLC) , (NP a major British pharmaceutical maker) ,) (VP sells (NP the drug) (PP-MNR under (NP (NP the name) (NP Retrovir)))) .)) (TOP (S (NP-SBJ-1 A Wellcome spokesman) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP (NP the discovery) (PP of (NP the antibody)) (PP-LOC in (NP Japan)))))))) .)) (TOP (S But (NP-SBJ (NP Andrew Porter) , (NP (NP a drug-industry analyst) (PP-LOC at (NP (NP Nikko Securities Co.) (PP-LOC in (NP London))))) ,) (VP said (SBAR 0 (S (SBAR-ADV if (S (NP-SBJ-2 the product) (VP were (S (NP-SBJ-1 *-2) (VP to (VP be (VP (ADVP-MNR successfully) developed (NP *-1)))))))) (NP-SBJ it) (VP would (VP represent `` (NP (NP a potential threat) (PP to (NP (NP the long-term viability) (PP of (NP Retrovir)))))))))) .)) (TOP (S (NP-SBJ-1 The following issues) (VP were (ADVP-TMP recently) (VP filed (NP *-1) (PP-CLR with (NP the Securities and Exchange Commission)))) :)) (TOP (NP (NP American Exploration Co.) , (NP (NP offering) (PP of (NP (QP five million) common shares)) , (PP via (NP (NP Smith Barney , Harris Upham & Co.) and (NP Shearson Lehman Hutton Inc)))) .)) (TOP (NP (NP Chemical Waste Management Inc.) , (NP (NP proposed global offering) (PP of (NP (NP 8,500,000 shares) (PP of (NP common stock)) , (SBAR (WHPP-3 of (WHNP which)) (S (S (NP-SBJ-1 (NP (QP seven million)) (PP of (NP the shares))) (VP will (VP be (VP offered (NP *-1) (PP-LOC in (NP the U.S.)))))) and (S (NP-SBJ-2 (NP 1,500,000 shares) (PP *T*-3)) (VP will (VP be (VP offered (NP *-2) (ADVP-LOC overseas))))))))) , (PP via (NP (NP (NP Merrill Lynch Capital Markets) (PRN -LRB- (ADJP domestic) -RRB-)) and (NP (NP Kidder , Peabody & Co .) (PRN -LRB- (ADJP international) -RRB-))))) .)) (TOP (NP (NP Interlake Corp.) , (NP (NP proposed offering) (PP of (NP (NP (QP $ 200 million) *U*) (PP of (NP senior subordinated debentures)))) , (PP via (NP Goldman , Sachs & Co))) .)) (TOP (NP (NP (NP InterMedia Capital Corp.) , (NP Robin Cable Systems L.P.) and (NP Brenmor Cable Partners)) , (NP (NP offering) (PP of (NP senior subordinated discount reset debentures)) , (PP via (NP Drexel Burnham Lambert Inc))) .)) (TOP (NP (NP John Nuveen & Co.) , (NP (NP initial offerings) (PP of (NP (NP the Nuveen California Performance Plus Municipal Fund Inc.) and (NP the Nuveen New York Performance Plus Municipal Fund Inc.))) , (PP via (NP Alex . Brown & Sons Inc))) .)) (TOP (NP (NP KnowledgeWare Inc.) , (NP (NP initial offering) (PP of (NP (NP (NP (QP three million) shares) (PP of (NP its common stock))) , (SBAR (WHPP-3 of (WHNP which)) (S (S (NP-SBJ-1 (NP 1,657,736 shares) (PP *T*-3)) (VP will (VP be (VP sold (NP *-1) (PP by (NP-LGS the company)))))) and (S (NP-SBJ-2 (NP 1,342,264) (PP *T*-3)) (VP will (VP be (VP sold (NP *-2) (PP by (NP-LGS holders)))))))))) , (PP via (NP (NP Montgomery Securities) and (NP Donaldson , Lufkin & Jenrette Securities Corp)))) .)) (TOP (NP (NP MGM Grand Inc.) , (NP (NP proposed offering) (PP of (NP (NP (QP six million) shares) (PP of (NP common stock)))) , (PP via (NP Merrill Lynch))) .)) (TOP (NP (NP (NP Microlog Corp.) , (VP (ADVP-TMP formerly) called (S (NP-SBJ *) (NP-PRD Old Dominion Systems Inc.))) ,) (NP (NP offering) (PP of (NP (NP (QP 1.2 million) common shares) , (SBAR (WHPP-2 of (WHNP which)) (S (S (NP-SBJ-1 (NP (QP one million)) (PP *T*-2)) (VP will (VP be (VP sold (NP *-1) (PP-3 by (NP-LGS the company)))))) , and (S (NP-SBJ=1 (NP the balance) (PP *T*-2)) (PP=3 by (NP-LGS holders))))) ,)) (PP via (NP (NP Hambrecht & Quist) and (NP Johnston , Lemon & Co)))) .)) (TOP (NP (NP Scott Paper Co.) , (NP (NP shelf offering) (PP of (NP (NP (QP up to $ 360 million) *U*) (PP of (NP debt securities)))) , (PP via (NP (NP Goldman Sachs) , (NP Salomon Brothers Inc.) and (NP Smith Barney , Harris Upham)))) .)) (TOP (NP (NP Sullivan Graphics Inc.) , (NP (NP offering) (PP of (NP (NP (QP $ 110 million) *U*) (PP of (NP senior subordinated notes)))) , (PP via (NP Merrill Lynch))) .)) (TOP (NP (NP Sun Sportswear Inc.) , (NP (NP initial offering) (PP of (NP (NP (QP 1.7 million) common shares) , (SBAR (WHPP-2 of (WHNP which)) (S (S (NP-SBJ-1 (NP (QP one million) shares) (PP *T*-2)) (VP will (VP be (VP sold (NP *-1) (PP-3 by (NP-LGS the company)))))) , and (S (NP-SBJ=1 (NP the balance) (PP *T*-2)) (PP=3 by (NP-LGS a holder))))))) , (PP via (NP (NP Salomon Brothers Inc.) and (NP Piper , Jaffray & Hopwood Inc)))) .)) (TOP (NP (NP Yes Clothing Co.) , (NP (NP proposed initial offering) (PP of (NP (NP 776,470 common shares) , (SBAR (WHPP-2 of (WHNP which)) (S (S (NP-SBJ-1 (NP 600,000 shares) (PP *T*-2)) (VP will (VP be (VP offered (NP *-1) (PP-3 by (NP-LGS the company)))))) and (S (NP-SBJ=1 (NP 176,470) (PP *T*-2)) (PP=3 by (NP-LGS holders))))))) , (PP via (NP Seidler Amdec Securities Inc))) .)) (TOP (S (NP-SBJ A (ADJP (ADJP (QP # 320 million) *U*) (PRN -LRB- (ADJP (QP $ 508 million) *U*) -RRB-)) British Airways PLC rights issue) (VP (VP flopped (ADVP-MNR badly)) -- (NP-ADV (NP the victim) (PP of (NP (NP recent market turbulence) and (NP (NP the collapse) (PP of (NP (NP the buy-out bid) (PP for (NP (NP (NP United Airlines ') parent) , (NP UAL Corp)))))))))) .)) (TOP (S (NP-SBJ-1 The United Kingdom carrier) (VP had (VP planned (NP the issue) (S-PRP (NP-SBJ *-1) (VP to (VP help (VP finance (NP (NP its (ADJP (QP $ 750 million) *U*) purchase) (PP of (NP (NP a (ADJP 15 %) stake) (PP in (NP UAL))))))))))) .)) (TOP (S But (NP-SBJ British Airways) (VP withdrew (PP-CLR from (NP the UAL labor-management buy-out plan)) (NP-TMP last Friday) , (SBAR-TMP after (S (NP-SBJ-1 the group) (VP failed (S (NP-SBJ *-1) (VP to (VP get (NP bank financing) (PP for (NP its (ADJP (QP $ 6.79 billion) *U*) buy-out))))))))) .)) (TOP (S (NP-SBJ British Airways) (VP said (SBAR (SBAR 0 (S (NP-SBJ its shareholders) (VP accepted (NP (NP (QP only 6.3) %) (PP of (NP the convertible capital bonds)))))) , but (SBAR that (S (NP-SBJ-1 (NP the rest) (PP of (NP the issue))) (VP will (VP be (VP taken (NP *-1) (PRT up) (PP by (NP-LGS underwriters))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ that (ADJP 6.3 %) level) (VP marked (NP (NP the poorest showing) (PP for (NP any major British rights issue)) (PP-TMP since (NP the 1987 global stock market crash))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 It) (VP is (ADJP-PRD close (PP to (S-NOM (NP-SBJ *-1) (VP being (NP-PRD a record undersubscription))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Bob Bucknell) , (NP (NP an analyst) (PP with (NP London broker Smith New Court Securities)))) .)) (TOP (S `` (NP-SBJ-2 Fund managers) (VP do n't (VP like (S (NP-SBJ *-2) (VP to (VP have (NP (NP rights issues) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do n't (VP have (NP an obvious reason))))))))))) .)) (TOP (S (NP-SBJ The obvious reason) (VP was -LRB- (SBAR-PRD for (S (NP-SBJ British Air) -RRB- (VP to (VP buy (NP (NP a stake) (PP-LOC in (NP United Airlines)))))))) . '')) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ British Air Chairman Lord King) (VP said (SBAR 0 (S (S (NP-SBJ the company) (VP was `` (ADJP-PRD (ADVP obviously) disappointed (SBAR that (S (NP-SBJ-2 the issue) (VP was not (VP taken (NP *-2) (PRT up)))))))) , but (S (NP-SBJ (NP it) (S *EXP*-1)) (VP would (VP have (VP been (ADJP-PRD unreasonable) (S-1 (NP-SBJ *) (VP to (VP expect (NP a better result)))) (PP given (NP (NP the volatility) (PP of (NP the stock market)) (PP-TMP since (NP (NP the launch) (PP of (NP the issue))))))))))))) . '')) (TOP (S But (PP except (PP for (NP the embarrassment))) , (NP-SBJ-1 British Air) (VP will (VP emerge (S (NP-SBJ *-1) (ADJP-PRD relatively unscathed)) (PP-CLR from (NP the flopped issue)))) .)) (TOP (S (NP-SBJ (NP Underwriters) (VP led (NP *) (PP by (NP-LGS Lazard Brothers & Co.)))) (VP will (VP pick (PRT up) (NP (NP the rest) (PP of (NP (NP (NP the airline 's) offer) (PP of (NP (NP four convertible capital bonds) (PP for (NP every nine common shares))))))))) .)) (TOP (S (NP-SBJ-1 (NP Lazard) and (NP other primary underwriters)) (VP have (VP reduced or eliminated (NP their exposure) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP sub-underwriting (NP the issue) (PP-LOC among (NP U.K. institutional investors))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The (PRN -LRB- paper -RRB-) loss) (PP *ICH*-1)) (ADVP-LOC here) (VP is (ADJP-PRD very small) '' (PP-1 for (NP these sub-underwriters)))) , (VP observed (SBAR 0 (S *T*-2))) (NP-SBJ (NP John Nelson) , (NP a Lazard managing director)) .)) (TOP (S-1 (PP In (NP any case)) (PRN , (S (NP-SBJ he) (VP added (SBAR (WHADVP 0) (S *T*-1)))) ,) `` (NP-SBJ most institutions) (ADVP probably) (VP wo n't (VP sell '' (NP the bonds))) .)) (TOP (S And (PP instead of (S-NOM (NP-SBJ *-1) (VP buying (NP the UAL stake)))) , (NP-SBJ-1 the U.K. carrier) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP (VP reduce (NP its high debt level)) and (VP build (NP an acquisition war chest)))))))) .)) (TOP (SINV `` (S-TPC-2 (PP From (NP (NP a cash flow point) (PP of (NP view)))) , (NP-SBJ-1 British Airways) (VP is (ADJP-PRD better off (S (NP-SBJ *-1) not (VP being (PP-PRD in (NP United Airlines)) (PP-TMP in (NP the short term))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Andy Chambers) , (NP (NP an analyst) (PP-LOC at (NP (NP Nomura Research Institute) (PP-LOC in (NP London)))))) .)) (TOP (SINV (VP Added (S *ICH*-1)) (NP-SBJ another U.K. analyst) : `` (S-1 (NP-SBJ It) (VP gives (NP them) (NP (NP some cash) (PP-LOC in (NP the back pocket)) (PP for (SBAR-TMP (WHADVP when) (S (NP-SBJ-2 they) (VP want (S (NP-SBJ *-2) (VP to (VP do (NP something))))))))))) . '')) (TOP (S (PP For (NP instance)) , (NP-SBJ-1 British Air) (VP is (VP continuing (S (NP-SBJ *-1) (VP to (VP negotiate (PP-CLR with (NP KLM Royal Dutch Airlines)) (PP-CLR about (S-NOM (NP-SBJ each) (VP acquiring (NP (NP a (ADJP 20 %) stake) (PP-LOC in (NP (NP Sabena World Airlines) , (NP (NP the air transport subsidiary) (PP of (NP the Belgian national airline)))))))))))))) .)) (TOP (S (NP-SBJ-1 A definitive agreement) (VP had (VP been (VP expected (NP *-1) (PP-TMP by (NP (NP the end) (PP of (NP July))))))) .)) (TOP (S (NP-SBJ The failed rights issue) (ADVP also) (VP should (VP have (NP (NP a modest impact) (PP on (NP British Air shares))))) .)) (TOP (S (NP-SBJ (NP The airline 's) share price) (ADVP already) (VP is (PP-PRD (ADVP far) below (NP (NP the (ADJP (ADJP 210 pence) (PRN -LRB- (ADJP $ 3.33 *U*) -RRB-)) level) (VP seen (NP *) (SBAR-TMP after (S (NP-SBJ the company) (VP announced (NP the rights issue) (PP-TMP in (NP late September))))))))) .)) (TOP (S (PP-LOC In (NP (NP late trading) (PP-LOC on (NP (NP London 's) Stock Exchange)))) (NP-TMP yesterday) , (NP-SBJ the shares) (VP were (ADVP-PRD off (NP three pence) (PP at (NP 194 pence)))) .)) (TOP (S And (SBAR-PRP because (S (NP-SBJ British Air) (VP is (VP issuing (NP (NP convertible bonds) (PP rather than (NP ordinary shares))))))) , (NP-SBJ-1 the share price) (VP wo n't (VP be (VP (ADVP-MNR directly) hurt (NP *-1) (PP by (NP-LGS (NP any surplus) (VP left (NP *) (PP-CLR with (NP underwriters)) (SBAR-TMP after (S (NP-SBJ-2 they) (VP try (S (NP-SBJ *-2) (VP to (VP sell (NP the issue) (PP-LOC in (NP the open market)))))))))))))) .)) (TOP (S But (NP-SBJ (NP (NP British Air 's) withdrawal) (PP from (NP the UAL buy-out))) (VP could (VP have (NP further repercussions))) .)) (TOP (S (NP-SBJ Some analysts) (VP speculated (NP-TMP yesterday) (SBAR that (S (NP-SBJ the move) (VP has (VP set (PRT off) (NP (NP a board room split) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP may (VP lead (PP-CLR to (NP (NP the resignation) (PP of (NP (NP Sir Colin Marshall) , (NP (NP the carrier 's) chief executive officer))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The stories) (VP are (NP-PRD rubbish))) , '' (NP-SBJ a British Air spokesman) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ There) (VP is (NP-PRD (NP (NP no difference) (PP of (NP opinion))) (PP between (NP (NP (PRN -LRB- Chairman -RRB-) Lord King) and (NP Sir Colin))) (PP on (NP (NP any aspect) (PP of (NP company policy)))))) .)) (TOP (S-HLN (NP-SBJ-1 MINORITY RECRUITING) (VP has (ADVP yet) (S (NP-SBJ *-1) (VP to (VP meet (NP (NP hopes) (VP raised (NP *) (PP by (NP-LGS Bush administration)))))))) .)) (TOP (S (ADVP-TMP (NP Six months) ago) , (SBAR-ADV as (S (NP-SBJ some personnel specialists) (VP saw (NP it)))) , (NP-SBJ a perception (SBAR that (S (NP-SBJ President Bush) (VP (ADVP really) cared (PP-CLR about (NP fair employment)))))) (PRN -- (PP after (SBAR-NOM (WHNP-1 what) (S (NP-SBJ they) (VP said (SBAR 0 (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP eight years) (PP of (NP Reagan-era neglect)))))))))) --) (VP was (VP prodding (S (NP-SBJ top management) (VP to (VP raise (NP (NP hiring goals) (PP for (NP (NP females) , (NP blacks) and (NP other minorities))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The perception) (VP lingers)) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP an official) (PP-LOC at (NP a major industrial company))) .)) (TOP (S-2 But (ADVP so far) (PRN , (S (NP-SBJ he) (VP declares (SBAR 0 (S *T*-2)))) ,) (NP-SBJ there) (VP 's (NP-PRD little evidence (SBAR 0 (S (NP-SBJ the `` new urgency '') (VP is (VP trickling (PRT down) (PP-CLR to (NP (NP the managers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (ADVP actually) do (NP hiring)))))))))))) .)) (TOP (S `` (SQ-TPC-1 Is (NP-SBJ there) (ADVP really) (NP-PRD (NP a commitment) or (NP (NP an illusion) (PP of (NP activity))))) ? '' (NP-SBJ he) (VP asks (SQ *T*-1)) .)) (TOP (SINV (S-TPC-2 (NP-SBJ The recruiting) `` (VP has n't (VP materialized))) , '' (VP asserts (SBAR 0 (S *T*-2))) (NP-SBJ (NP Jeffrey Christian) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP a search agency))))) .)) (TOP (S (NP-SBJ (NP Samuel Hall) , (NP (NP Howard University 's) placement director) ,) (ADVP also) (VP does n't (VP see (NP it))) .)) (TOP (S And (NP-SBJ he) (VP questions (NP the White House dedication)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ the Bush administration) (VP has (VP done (NP anything)))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Recruiter Donald Clark) (VP does (VP note (NP (NP an increase) (PP in (NP (NP searches) (PP for (NP minority candidates))))))) .)) (TOP (S-1 But (NP-SBJ (NP some) (PP of (NP the activity))) , (PRN (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))))) , (VP may (VP reflect (NP (NP a rush) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP get `` (S (NP-SBJ numbers) (PP-PRD in (NP order))) '' (PP-PRP for (NP end-of-year reports))))))))) .)) (TOP (S-HLN (NP-SBJ (NP PAY) (PP FOR (NP PERFORMANCE))) (VP hangs (ADVP mostly) (PP-CLR on (NP (NP boss 's) subjective view))) .)) (TOP (S (NP-SBJ Du Pont Co.) (PP-LOC in (NP (NP a couple) (PP of (NP units)))) (VP has (VP installed (NP (NP objective tests) (VP based (NP *) (PP-CLR on (NP (NP earnings) or (NP (NP return) (PP on (NP equity))))))))) .)) (TOP (S (NP-SBJ Many companies) (VP have (VP set (PRT up) (NP (NP machinery) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP assure (NP workers) (NP a fair shake)))))))) .)) (TOP (S (PP-LOC At (NP most firms)) , (ADVP though) , (NP-SBJ it) (VP 's (NP-PRD (NP the immediate supervisor) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP decides (NP (NP the merit increases) (SBAR (WHNP-3 0) (S (NP-SBJ-1 subordinates) (VP will (VP be (VP paid (NP *-1) (NP *T*-3)))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Managers) (VP have `` (NP some (ADJP very broad) discretion))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP an official) (PP-LOC at (NP Walt Disney Co))) .)) (TOP (S (S (NP-SBJ (NP Unocal Corp. 's) top management) (VP sets (NP guidelines))) , but (S (NP-SBJ line supervisors) (VP slice (PRT up) (NP the merit pie))) .)) (TOP (S (S (NP-SBJ Lotus Development Corp.) (VP feeds (NP its evaluations) (PP-CLR into (NP a computer)) , (PRN but (ADVP only) (PP-PRP for (NP storage))))) ; (S (NP-SBJ-1 the decisions) (VP are (VP made (NP *-1) (PP by (NP-LGS supervisors))))) .)) (TOP (S (NP-SBJ-1 Hershey Foods Corp.) (VP strives (PP-CLR for (NP fairness)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP basing (NP increases) (PP-CLR on (NP (NP quarterly reviews) , (NP annual appraisals) and (NP (NP meetings) (PP with (NP workers))))))))) .)) (TOP (S (PP-LOC At (NP Chemfix Technology Inc.)) , (NP-SBJ-1 (NP each supervisor 's) recommendation) (VP must (VP be (VP (VP approved (NP *-1) (PP by (NP-LGS (NP the next boss) (PP-LOC up (NP the line))))) , and (ADVP then) (VP sanctioned (NP *-1) (PP by (NP-LGS a salary review committee)))))) .)) (TOP (S-HLN (NP-SBJ JAPANESE COMPANIES) (VP fare (ADVP-MNR best) (PP-LOC in (NP U.S.)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP give (NP Americans) (NP more say) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ (NAC University (PP of (NP Michigan))) researchers) (VP find (SBAR 0 (S (NP-SBJ the companies) (VP (VP earn (NP more)) and (VP win (NP a bigger market share)) (SBAR-TMP (WHADVP when) (S (NP-SBJ their American employees) (VP get (NP (NP a voice) (PP-LOC in (NP (NP (NP planning) , (NP product development) and (NP design)) , (PP including (NP (NP decision-making) (ADVP-LOC back (PP in (NP Japan))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ You) (VP ca n't (VP (VP hire (NP competent Americans)) and (VP say , ` (S (NP-SBJ *) (VP Let (S (NP-SBJ them) (VP run (NP only their own show))))))))) , ' '' (VP says (S *T*-2)) (NP-SBJ (NP Vladimir Pucik) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP headed (NP (NP the study) (VP run (NP *) (PP with (NP (NP Egon Zehnder International) , (NP a search firm))))))))) .)) (TOP (S (NP-SBJ The researchers) (VP say (SBAR 0 (S (NP-SBJ-1 many Japanese companies) (VP err (PP-LOC in (NP the U.S.)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP adopting (NP (NP the American practice) (PP of (S-NOM (NP-SBJ *) (VP hiring (NP managers) (PP-LOC on (NP the `` open market))))))))))))) . '')) (TOP (S (PP-LOC In (NP Japan)) , (PP by (NP contrast)) , (NP-SBJ-1 companies) (VP tend (S (NP-SBJ *-1) (VP to (VP (VP develop (NP their own talent)) and (VP promote (PP from (PP within))))))) .)) (TOP (S (NP-SBJ-1 The Japanese) (ADVP also) (VP are (VP accused (NP *-1) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP keeping (NP their cards) (ADJP-PRD too close (PP to (NP their vests)))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 Some Japanese executives) (VP are not (ADVP yet) ... (ADJP-PRD comfortable (PP about (S-NOM (NP-SBJ *-1) (VP sharing (NP strategic information) (PP-CLR with (NP their American colleagues)))))))) , '' (NP-SBJ the researchers) (VP say (S *T*-2)) .)) (TOP (S (NP-SBJ Americans) (VP stay (ADVP longer (PP *ICH*-1)) (PP-CLR with (NP (NP Japanese firms) (PP-1 than (NP American companies))))) .)) (TOP (S But (NP-SBJ they) (VP think (SBAR 0 (S (NP-SBJ promotions) (VP are (ADJP-PRD limited))))) .)) (TOP (S-HLN (NP-SBJ THE HOUSE) (VP votes (PRT down) (NP (NP a proposal) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP put (NP pension plans) (PP-PUT under (NP (NP the control) (PP of (NP joint labor-management boards)))))))))) .)) (TOP (S (NP-SBJ Some consultants) (VP had (VP insisted (SBAR 0 (S (NP-SBJ it) (VP would n't (VP work)))))) .)) (TOP (S-HLN (NP-SBJ LONG-TERM care insurance) (VP gains (NP favor)) .)) (TOP (S (NP-SBJ (NP (QP More than half) the people) (VP surveyed (NP *) (PP for (NP the Employee Benefit Research Institute)))) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP would (VP be (ADJP-PRD willing and able (S (NP-SBJ *-1) (VP to (VP pick (PRT up) (NP (NP most) (PP of (NP (NP the cost) (PP of (NP the coverage)))))))))))))) .)) (TOP (SINV-HLN (S-TPC-1 (NP-SBJ (NP FRINGE-BENEFIT spending) (PP by (NP (ADJP small and medium-sized) employers))) (VP has (VP dropped (PP-DIR to (NP (NP 25 %) (PP of (NP payroll)))) (PP-DIR from (NP 29 %) (ADVP-TMP (NP three years) ago))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP (NP the National Institute) (PP of (NP Business Management))) , (NP an advisory service)) .)) (TOP (S-HLN (S-TPC-2 (NP-SBJ-1 (NP OUSTED EXECUTIVES) (ADJP (NP (QP over 50) years) old)) (VP take (NP (NP (ADJP slightly less) time) (PP than (NP their younger colleagues)) (NP *ICH*-3)) (S-CLR (NP-SBJ *-1) (VP to (VP find (NP a job)))) -- (NP-3 (NP 3.23 months) (PP vs. (NP (NP 3.26) (PP for (NP the juniors) --)))))) (NP-SBJ (NP outplacement firm) (NP Challenger , Gray & Christmas)) (VP finds (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP the first time) (PP-TMP in (NP (NP the survey 's) 15 years)) (SBAR (WHADVP-1 that) (S (NP-SBJ the over-50 group) (VP came (PRT out) (ADVP-PRD ahead) (ADVP-TMP *T*-1)))))) .)) (TOP (S-HLN (NP-SBJ (NP FEAR) (PP OF (NP AIDS))) (VP hinders (NP hiring) (PP-LOC at (NP few hospitals))) .)) (TOP (S-HLN (NP-SBJ Dedication) (VP runs (S-ADV (NP-SBJ *) (ADJP-PRD high))) .)) (TOP (S (NP-SBJ (NP Wafaa El-Sadr) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP heads (NP (NP the AIDS program) (PP-LOC at (NP (NP New York City 's) Harlem Hospital Center)))))) ,) (VP ca n't (VP find (NP help))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ I) (VP 've (VP been (VP recruiting (NP-TMP every single day) (SBAR-TMP since (S (NP-SBJ-1 (NP it) (SBAR *ICH*-2)) (VP 's (VP been (VP identified (NP *-1) (SBAR-2 that (S (NP-SBJ many AIDS patients) (VP come (PP-CLR from (NP the inner city)))))))))))))) , '' (NP-SBJ she) (VP says (S *T*-3)) .)) (TOP (S (S (NP-SBJ-1 She) (VP was (NP-PRD (NP the only staff physician) (ADJP available (S (NP-SBJ *-1) (VP to (VP treat (NP AIDS patients) (NP-TMP last summer)))))))) and (S (ADVP-TMP now) (NP-SBJ she) (VP has (NP (NP the help) (PP of (NP (QP only two) doctors)) (NP part time)))) .)) (TOP (S (NP-SBJ (NP Part) (PP of (NP the problem))) , (ADVP though) , (VP may (VP reflect (NP a general unwillingness (S (NP-SBJ *) (VP to (VP work (PP-CLR with (NP the urban poor)))))))) .)) (TOP (S (NP-SBJ (NP Parkland Memorial Hospital) (PP-LOC in (NP Dallas))) (VP says (SBAR 0 (S (NP-SBJ-1 it) (VP has n't (VP had (NP any problem) (S (NP-SBJ *-1) (VP recruiting)) , (SBAR-TMP even after (S (NP-SBJ-2 a nurse) (VP contracted (NP the virus) (SBAR-TMP while (S (NP-SBJ *-2) (VP injecting (NP an AIDS patient)))))))))))) .)) (TOP (S `` (NP-SBJ I) (VP can (VP tell (NP you) (SBAR that (S (NP-SBJ nobody) (VP quit (PP-CLR over (NP it))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ No one) (VP panicked)) , '' (NP-SBJ a spokeswoman) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP St. Paul Medical Center ,) (RRC (ADVP also) (PP-LOC in (NP Dallas))) ,) (VP sees (NP (NP only a `` minimal erosion '') (PP of (NP support staff)) (ADJP due (PP to (NP AIDS))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Yale-New Haven Hospital) (VP sees (NP no problem))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP John Fenn) , (NP (NP the chief) (PP of (NP staff)))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ There) (VP are (NP-PRD (NP enough (ADJP enlightened and spirited) individuals) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP know (NP their responsibilities))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (FRAG-HLN (NP THE CHECKOFF) : (S (PP At (ADJP least)) (NP-SBJ somebody) (VP gains (PP-CLR on (NP layoffs)))) .)) (TOP (S (NP-SBJ (NP The Association) (PP of (NP Outplacement Consulting Firms))) (VP says (SBAR 0 (S (NP-SBJ (NP the industry 's) volume) (VP has (VP soared (ADVP-EXT tenfold) (PP-TMP since (NP 1980)) , (PP-DIR to (NP (NP (QP $ 350 million) *U*) (NP-ADV a year)))))))) ... .)) (TOP (S And (NP-SBJ somebody) (VP loses (PP-CLR on (NP (NP the expected repeal) (PP of (NP (NP Section 89) , (NP (NP the benefits test) (VP fought (NP *) (PP by (NP-LGS most employers))))))))) .)) (TOP (S (NP-SBJ Triad Solutions) (VP says (SBAR 0 (S (NP-SBJ software producers) (VP had (NP-ADV each) (VP invested (NP (NP hundreds) (PP of (NP (NP thousands) (PP of (NP dollars))))) (PP-CLR in (NP (NP programs) (SBAR (WHNP-1 that) (S (ADVP-TMP now) (NP-SBJ *T*-1) (VP have (NP no use))))))))))) .)) (TOP (S (NP-SBJ (NP Big gains) (PP for (NP the ultra-right Republicans party)) (PP-LOC in (NP Baden-Wuerttemburg state municipal elections)) (NP-TMP Sunday)) (VP showed (NP (NP eroding support) (PP for (NP Chancellor Helmut Kohl)) (PP-LOC in (NP (NP a traditional bastion) (PP for (NP his Christian Democratic Union)))))) .)) (TOP (S (SBAR With (S (NP-SBJ (NP ballots) (PP from (NP (NP most) (PP of (NP (NP the state 's) major cities))))) (ADVP-PRD in (PP-TMP by (NP yesterday morning))))) , (NP-SBJ the Republicans) (VP came (PRT away) (PP-CLR with (NP (NP 10 %) (PP of (NP the vote)))) (PP-LOC in (NP (NP several) (PP of (NP the key districts))))) .)) (TOP (S (SBAR With (S (NP-SBJ many rural districts) (ADVP yet) (VP to (VP report (NP ballots))))) , (NP-SBJ election officials) (VP estimate (SBAR 0 (S (NP-SBJ (NP support) (PP for (NP Christian Democrats))) (VP fell (NP-EXT an average five percentage points) (ADVP-LOC statewide))))) .)) (TOP (S (NP-SBJ (NP The left-of-center Social Democrats) and (NP the environmental Greens party)) (VP posted (NP mixed results)) .)) (TOP (S (S (NP-SBJ-2 *-1) (VP (VP Headed (NP *-2) (PP by (NP-LGS a former Waffen SS sergeant))) and (VP working (PP-CLR from (NP (NP a nationalistic platform) (PP of (NP anti-foreigner rhetoric))))))) , (NP-SBJ-1 the fledgling Republicans party) (VP has (VP scored (NP (NP surprising gains) (PP in (NP (NP earlier elections) (PP-LOC in (NP (NP the states) (PP of (NP (NP West Berlin) , (NP Hesse) and (NP North-Rhine Westphalia)))))))))) .)) (TOP (S (PP With (S-NOM (S (NP-SBJ West German unemployment) (VP remaining (ADJP-PRD high) (PP at (NP (QP two million) jobless)))) and (S (NP-SBJ (NP the lack) (PP of (NP affordable housing))) (VP becoming (NP-PRD (NP a primary issue) (PP for (NP (NP next year 's) campaign))))))) , (NP-SBJ-1 the Republicans) (VP are (VP seen (S (NP-SBJ *-1) (VP drawing (NP (NP support) (PP for (NP their `` Germans First '' stand))) (PP-CLR on (NP social-welfare issues)))))) .)) (TOP (S (NP-SBJ Election analysts) (VP acknowledge (SBAR that (S (NP-SBJ (NP a `` Red-Green '' coalition) (PP of (NP (NP Social Democrats) and (NP Greens)))) (VP could (VP edge (PRT out) (NP (NP Chancellor Kohl 's) coalition) (PP-TMP in (NP the December 1990 national election)) (SBAR-ADV if (S (NP-SBJ-1 (NP support) (PP for (NP the Republicans))) (VP continues (S (NP-SBJ *-1) (VP to (VP spread))))))))))) .)) (TOP (S (NP-SBJ International investigators) (VP urged (NP-2 Britain) (S (NP-SBJ *-2) (VP to (VP allow (NP (NP prosecution) (PP of (NP (NP suspected Nazi war criminals) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP took (NP refuge) (ADVP-LOC there) (PP-TMP after (NP 1945)))))))))))) .)) (TOP (S (PP-LOC Under (NP current law)) , (NP-SBJ such suspects) (VP are (ADJP-PRD immune (PP from (NP (NP prosecution) (PP-PRD for (NP (NP acts) (VP committed (NP *) (SBAR-TMP while not (S (NP-SBJ *) (NP-PRD British citizens)))))))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ we) (VP 're not (ADJP-PRD careful)))) (NP-SBJ we) (VP could (VP become (ADJP-PRD known (PP-CLR as (NP (NP a haven) (PP for (NP war criminals)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Jeff Rooker) , (NP (NP (NP a member) (PP of (NP Parliament))) and (NP (NP one) (PP of (NP (NP several British politicians) (VP attending (NP (NP a London conference) (PP with (NP (NP government investigators) (PP from (NP (NP the U.S.) , (NP Canada) and (NP Australia)))))))))))) .)) (TOP (S (NP-SBJ A parliamentary inquiry) (VP found (PP-TPC in (NP July)) (SBAR that (S (NP-SBJ (NP (QP more than 70) people) (VP living (PP-LOC in (NP Britain)))) (VP could (VP have (VP been (NP-PRD (NP part) (PP of (NP (NP death squads) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP roamed (NP Nazi-occupied Eastern Europe))))))))))))) .)) (TOP (S (NP-SBJ-1 Parliament) (VP is (VP expected (S (NP-SBJ-2 *-1) (VP to (VP discuss (NP-TMP next month) (SBAR whether (S (NP-SBJ *-2) (VP to (VP change (NP the law)))))))))) .)) (TOP (S (NP-SBJ-1 British investigations) (VP were (VP prompted (NP *-1) (PP by (NP-LGS (NP (NP a list) (PP of (NP (NP 17 alleged war criminals) (VP living (PP-LOC in (NP Britain)))))) (VP sent (NP *) (PP-DTV to (NP Prime Minister Margaret Thatcher)) (PP-TMP in (NP October 1986)) (PP by (NP-LGS (NP the Simon Wiesenthal Center) (PP-LOC in (NP Los Angeles))))))))) .)) (TOP (S (PP-LOC In (NP (NP a sign) (PP of (NP (NP easing tension) (PP between (NP (NP Beijing) and (NP Hong Kong))))))) , (NP-SBJ China) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (ADVP-TMP again) (VP take (ADVP back) (NP (NP illegal immigrants) (VP caught (NP-SBJ-1 *) (S-ADV (NP-SBJ *-1) (VP crossing (PP-CLR into (NP the British colony))))))))))) .)) (TOP (S (NP-SBJ-2 China) (VP had (VP refused (S (NP-SBJ *-2) (VP to (VP repatriate (NP (NP citizens) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sneaked (PP-DIR into (NP Hong Kong)) (ADVP-MNR illegally)))))))) (PP-TMP since (NP (NP early this month) , (SBAR (WHADVP-3 when) (S (NP-SBJ the colony) (VP allowed (S (NP-SBJ a dissident Chinese swimmer) (VP to (VP flee (PP-DIR to (NP the U.S))))) (ADVP-TMP *T*-3)))))))) .)) (TOP (S (NP-SBJ (QP About 1,100) Chinese) (VP were (VP awaiting (NP repatriation) (NP-TMP yesterday))) .)) (TOP (S (NP-SBJ (NP Italy 's) Foreign Ministry) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP investigating (NP (NP exports) (PP to (NP the Soviet Union)) (PP by (NP (NP an Ing . C. Olivetti & Co. subsidiary) (VP called (S (NP-SBJ *) (NP-PRD OCN-PPL))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (NP (ADJP numerically controlled) machine tools)))))))))))) .)) (TOP (S (SBAR Although (S (NP-SBJ-1 (NP (NP Italy 's) investigation) (PP of (SBAR whether (S (NP-SBJ Olivetti) (VP had (VP violated (NP Western export-control rules))))))) (VP had (ADVP-TMP previously) (VP been (VP made (S (NP-SBJ *-1) (ADJP-PRD known))))))) , (NP-SBJ this) (VP marked (NP (NP the first time) (SBAR (WHADVP-3 0) (S (NP-SBJ-2 the unit and product) (VP were (VP named (NP *-2) (ADVP-TMP *T*-3))))))) .)) (TOP (S (NP-SBJ-1 The U.S.) (VP is (VP worried (NP *-1) (PP-CLR about (NP (NP the convertibility) (PP of (NP (NP Olivetti 's) machine tools)) (PP to (NP military use)))))) .)) (TOP (S (ADVP However) , (NP-SBJ an Olivetti spokeswoman) (VP said (SBAR 0 (S (NP-SBJ (NP OCN-PPL) , (SBAR (WHPP-2 of (WHNP which)) (S (NP-SBJ Olivetti) (VP sold (NP (NP the majority interest) (PP *T*-2)) (NP-TMP last year)))) ,) `` (VP does n't (VP make (NP (NP equipment) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (NP (NP (NP the type) (PP of (NP precision))) (ADJP necessary (PP for (NP sophisticated productions))))))))))))) . '')) (TOP (S (NP-SBJ Conservationists) (VP say (SBAR that (S (NP-SBJ-1 drift-net fishing) (VP threatens (S (NP-SBJ *-1) (VP to (VP wipe (PRT out) (NP (NP much) (PP of (NP (NP the world 's) tuna stocks))) (PP-TMP in (NP a few years))))))))) .)) (TOP (S But (NP-SBJ the Japanese Fisheries Association) (VP criticized (NP moves (S (NP-SBJ *) (VP to (VP ban (NP the practice) (PP-LOC in (NP international waters))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP is (ADJP-PRD really unfortunate) (SBAR-2 for (S (NP-SBJ-1 human beings) (VP to (VP be (VP swayed (NP *-1) (PP by (NP-LGS emotional discussions))))))))) , '' (NP-SBJ the association) (VP said (S *T*-3)) .)) (TOP (S (PP-LOC In driftnet , or `` (NAC wall (PP of (NP death))) , '' fishing) , (NP-SBJ fleets) (VP lay (NP (NP nets) (ADJP (NP-ADV (QP up to three) miles) long) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP trap (NP (NP almost everything) (PP-LOC in (NP their path)))))))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ Japan) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP cut (NP (NP the number) (PP of (NP its drift-net vessels)) (PP-LOC in (NP the South Pacific))) (UCP-MNR (PP by (NP two-thirds)) , or (ADVP down (PP to (NP 20))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-2 (NP Workers) (PP-LOC at (NP (NP (NP Peugeot S.A. 's) car plant) (PP-LOC at (NP (NP Sochaux) , (PP-LOC in (NP eastern France)) ,))))) (VP voted (S (NP-SBJ *-2) (VP to (VP end (NP (NP a six-week-old strike) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP cost (NP the Peugeot group) (NP (NP production) (PP of (NP 60,000 automobiles))))))))))))) , (NP-SBJ a company spokesman) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-2 The strikers) (VP voted (S (NP-SBJ *-2) (VP to (VP accept (NP (NP a series) (PP of (NP (NP management proposals) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP give (NP them) (NP (NP a higher basic wage) , (NP better profit-sharing benefits) and (NP bigger annual bonuses))))))))))))) .)) (TOP (S (NP-SBJ The spokesman) (VP said (SBAR 0 (S (NP-SBJ-3 (NP the vote) (PP-LOC at (NP Sochaux))) (VP is (VP expected (S (NP-SBJ-1 *-3) (VP to (VP be (VP followed (NP *-1) (PP by (NP-LGS (NP a similar move) (PP-LOC at (NP (NP (NP the company 's) assembly plant) (PP-LOC at (NP (NP Mulhouse) , (SBAR (WHADVP-4 where) (S (NP-SBJ-2 (NP the number) (PP of (NP strikers))) (VP has (VP been (VP whittled (NP *-2) (ADVP-CLR down) (PP-CLR to (NP 80)) (ADVP-LOC *T*-4))))))))))))))))))))) .)) (TOP (S (NP-SBJ (QP About 8,000) (NAC National Union (PP of (NP Mineworkers))) members) (VP resumed (NP (NP their strike) (PP against (NP De Beers Consolidated Mines Ltd.))) (SBAR-TMP after (S (NP-SBJ further negotiations (S (NP-SBJ *) (VP to (VP settle (NP a wage dispute))))) (VP broke (PRT down))))) .)) (TOP (S (NP-SBJ (NP Striking workers) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP began (S (NP-SBJ *-2) (VP striking (NP five diamond mines) (PP-TMP on (NP Oct. 13))))))) ,) (VP had (VP returned (PP-DIR to (NP work)) (NP-TMP last week) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-3 (NP the union) and (NP De Beers)) (VP arranged (S (NP-SBJ *-3) (VP to (VP reopen (NP negotiations)))) (ADVP-TMP *T*-4)))))) .)) (TOP (S (NP-SBJ A De Beers spokesman) (VP said (NP-TMP yesterday) (SBAR 0 (S (NP-SBJ-1 the company) (VP had (VP offered (S (NP-SBJ *-1) (VP to (VP increase (NP the minimum wage) (PP-EXT by (NP 18 %)) , (SBAR-ADV while (S (NP-SBJ the union) (VP was (VP demanding (NP 26.6 %))))))))))))) .)) (TOP (S (SBAR-TMP Before (S (NP-SBJ the two parties) (VP resumed (NP talks) (NP-TMP last week)))) , (S (NP-SBJ De Beers) (VP offered (NP 17 %))) and (S (NP-SBJ the union) (VP wanted (NP 37.6 %))) .)) (TOP (S (NP-SBJ (NP China 's) (NP People 's) Daily) (VP took (NP-CLR note) (PP-CLR of (NP (NP the growing problem) (PP of (NP computer fraud))))) .)) (TOP (S (S (S-TPC-3 (SBAR-TMP Since (S (NP-SBJ-1 the first fraud) (VP was (VP discovered (NP *-1) (PP-TMP in (NP July 1986)) (PP-LOC at (NP (NP an office) (PP of (NP (NP (NP the People 's) Bank) (PP of (NP China)))) (PP-LOC in (NP Shenzhen)))))))) , (NP-SBJ-2 15 major cases) (VP have (VP been (VP found (NP *-2))))) , (NP-SBJ the paper) (VP said (SBAR 0 (S *T*-3)))) ; (S (NP-SBJ the biggest) (VP was (NP-PRD (NP the theft) (PP of (NP $ 235,000 *U*)) (PP from (NP (NP a bank) (PP-LOC in (NP Chengdu)))) (PP-TMP in (NP March 1988))))) .)) (TOP (S (NP-SBJ (NP The number) (PP of (NP computers))) (VP has (VP mushroomed (PP-TMP in (NP recent years)) , (PP with (NP (NP (NP 10,000) (PP in (NP use))) , (CONJP as well as) (NP 30,000 miniature models))))) .)) (TOP (S (S-TPC-1 But (NP-SBJ (NP security systems) , (NP effective management controls) and (NP regulations (S (NP-SBJ *) (VP to (VP govern (NP their use)))))) (VP have not (VP kept (NP pace)))) , (NP-SBJ (NP the People 's) Daily) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S (S-TPC-1 (PP Besides (NP money)) , (NP-SBJ-2 criminals) (VP have (ADVP also) (VP used (NP computers) (S-CLR (NP-SBJ *-2) (VP to (VP steal (NP secrets and intelligence))))))) , (NP-SBJ the newspaper) (VP said (SBAR 0 (S *T*-1)))) , but (S (NP-SBJ it) (VP gave (NP no more details))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 Japanese tourists) (VP will (VP be (VP told (S (NP-SBJ-2 *-1) (VP to (VP take (NP care) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ *-2) (VP photographing (NP (NP earthquake damage) (PP-LOC in (NP San Francisco))) (ADVP-TMP *T*-4))))))))))) , (NP-SBJ (NP the Japan Association) (PP of (NP Travel Agents))) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ The association) (VP issued (NP an advisory) (PP-CLR to (NP its 1,685 member agencies)) (PP-TMP following (NP (NP a report (SBAR *ICH*-1)) (PP from (NP the Foreign Ministry)) (SBAR-1 that (S (NP-SBJ (NP picture-taking) (PP by (NP Japanese tourists)) (PP-LOC in (NP earthquake-stricken areas))) (VP was (VP causing (NP ill feeling) (PP-LOC among (NP local residents))))))))) ... .)) (TOP (S (NP-SBJ Tass) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (NP Lenin 's) tomb) (PP-LOC in (NP Red Square))) (VP will (VP be (VP closed (NP *-1) (PP-TMP (PP from (NP Nov. 10)) (PP to (NP Jan. 15))) (PP-PRP for (NP essential maintenance)))))))) .)) (TOP (S (NP-SBJ The red granite mausoleum) (VP draws (NP (NP thousands) (PP of (NP visitors))) (ADVP-TMP daily)) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Fatalities) (PP-LOC on (NP rural interstates))) (VP rose (NP-EXT 33 %) (PP-TMP between (NP (NP 1986) and (NP last year))))) , (NP-SBJ the National Highway Traffic Safety Administration) (VP said (SBAR 0 (S *T*-1)) (PP-LOC in (NP (NP a report) (PP on (NP (NP the impact) (PP of (NP the (ADJP 65 miles-per-hour) speed limit)) (PP on (NP those roads))))))) .)) (TOP (S (NP-SBJ (NP The report) (PP to (NP Congress))) (VP said (SBAR that (S (NP-SBJ fatalities) (VP (VP rose (NP-EXT-1 18 %) (PP-TMP-2 in (NP 1987))) and (VP (NP-EXT=1 13 %) (PP-TMP=2 in (NP 1988))) (PP-LOC on (NP rural interstates)))))) .)) (TOP (S (NP-SBJ The 1987 highway bill) (VP permitted (S (NP-SBJ states) (VP to (VP raise (NP the speed limit) (PP-DIR to (NP 65 mph)) (PP-DIR from (NP 55 mph)) (PP-LOC on (NP (NP interstate roads) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP are (VP defined (NP *-1) (PP-CLR as (NP (NP highways) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP pass (PP-CLR through (NP (NP areas) (PP with (NP (QP fewer than 50,000) people))))))))))))))))))) .)) (TOP (S (PP-TMP Since (NP 1987)) , (NP-SBJ 40 states) (VP have (VP increased (NP (NP the speed limit) (PP-LOC on (NP rural interstates))))) .)) (TOP (S `` (S (NP-SBJ-1 (QP About one-third) of (NP the fatality increase)) (VP is (VP attributed (NP *-1) (PP-CLR to (NP greater travel))))) , and (S (NP-SBJ-2 (QP about two-thirds)) (VP is (VP attributed (NP *-2) (PP-CLR (PP to (NP other factors)) -LCB- (PP (ADVP primarily) to (NP greater speed)) -RCB-)))) , '' (PP according (PP to (NP NHTSA))) .)) (TOP (S (NP-SBJ The report) (VP showed (SBAR that (S (NP-SBJ (NP deaths) (PP-LOC on (NP urban interstate highways))) (VP rose (NP-EXT 7 %) (PP-TMP between (NP (NP 1986) and (NP last year))) , (SBAR-ADV while (S (NP-SBJ (NP fatalities) (PP-LOC on (NP non-interstate roads))) (VP were (ADJP-PRD about the same (PP-TMP in (NP 1988)) (PP as (PP-TMP in (NP 1986))))))))))) .)) (TOP (S (PP-LOC In (NP (NP states) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP raised (NP (NP the speed limit) (PP-LOC on (NP rural interstates)))))))) , (NP-SBJ the fatality rate) (VP rose (NP-EXT (QP about 18) %) (PP-DIR to (NP (NP 1.7 deaths) (PP per (NP (NP (QP 100 million) miles) (VP traveled (NP *)))))) (PP-TMP between (NP (NP 1986) and (NP 1988)))) .)) (TOP (S (PP In (NP contrast)) , (NP-SBJ (NP the fatality rate) (PP-LOC in (NP (NP the states) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP retained (NP the (ADJP 55 mph) limit))))))) (VP was (NP-PRD (NP 0.9) (ADJP *ICH*-2)) (NP-TMP last year) , (ADJP-2 the same (PP as (PP in (NP 1986))))) .)) (TOP (NP-HLN Well-Seasoned Reasoning)) (TOP (S -LRB- `` (NP-SBJ-2 Food manufacturer) (VP changes (NP (NP spelling) (PP of ` (NP catsup) ')) (PP-CLR to ` (NP ketchup)) , ' (S-ADV (NP-SBJ *-2) (VP saying (SBAR 0 (S (NP-SBJ that) (VP 's (NP-PRD (NP the spelling) (SBAR (WHNP-1 0) (S (NP-SBJ people) (VP (ADVP-TMP now) prefer (NP *T*-1))))))))))) . '')) (TOP (NP -- WSJ Business Bulletin -RRB-)) (TOP (S (S (NP-SBJ Public preference) (VP is (ADJP-PRD important))) , So (S (NP-SBJ product names) (VP should (VP match (PRT up)))) , And (S (NP-SBJ (NP firms) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP find (SBAR 0 (S (NP-SBJ they) (VP 're (VP lagging (ADVP-LOC behind))))))))) (VP Should (ADVP-TMP now) (VP take (NP (NP steps) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP ketchup)))))))) !)) (TOP (NP -- George O. Ludcke .)) (TOP (S-HLN (NP-SBJ *) (VP Judge Not))) (TOP (S (ADJP-PRD-TPC-2 How easy) (NP-SBJ (NP it) (S *EXP*-1)) (VP is (ADJP-PRD *T*-2) (S-1 (NP-SBJ *) (VP To (VP attack (NP (NP others ') views) (PP-MNR Without (S-NOM (NP-SBJ *) (ADVP ever) (VP setting (NP A foot) (PP-CLR in (NP their shoes))))))))) !)) (TOP (NP -- G. Sterling Leiby .)) (TOP (NP-HLN Daffynition)) (TOP (NP (NP Money-making course) : (NP wad-working) .)) (TOP (NP -- Thomas Henry .)) (TOP (S (PP-LOC In (NP (NP an (NAC-TMP Oct. 10) editorial-page article) , `` (S-TTL (NP-SBJ It) (VP 's (NP-PRD (NP the World Bank 's) Turn (S (NP-SBJ *) (VP to (VP Adjust)))))))) , '' (NP-SBJ Paul Craig Roberts) (VP lays (NP (NP most) (PP of (NP (NP the blame) (PP for (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP ails (NP developing countries)))))))) (PP-CLR at (NP (NP the doorstep) (PP of (NP the World Bank))))) .)) (TOP (S (NP-SBJ The article) (VP is , (ADVP unfortunately) , (ADJP-PRD replete (PP with (NP outrageous distortions)))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP Mr. Roberts 's) observations))) (VP is (SBAR-PRD that (S (NP-SBJ (NP the Bank 's) own loan portfolio) (VP is (PP-PRD in (NP deep trouble)) (PP-PRP because of (NP (NP its lending) (PP to (NP developing countries)))))))) .)) (TOP (S (NP-SBJ This) (VP is (ADVP just) not (ADJP-PRD so)) .)) (TOP (S (NP-SBJ The reality) (VP is (SBAR-PRD that (S (NP-SBJ Bank finances) (VP are (ADJP-PRD rock solid))))) .)) (TOP (S (PP-TMP As (PP of (NP (NP June 30 , 1989) -- (NP (NP the day) (SBAR (WHADVP-2 0) (S (NP-SBJ our past fiscal year) (VP came (PP to (NP a close)) (ADVP-TMP *T*-2))))) --))) (NP-SBJ-1 (NP (QP only 4.1) %) (PP of (NP (NP the Bank 's) portfolio))) (VP was (VP affected (NP *-1) (PP by (NP-LGS (NP arrears) (PP of (NP over six months)))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD an (ADJP enviably low) level)) .)) (TOP (S (ADVP Moreover) , (NP-SBJ the Bank) (VP (VP follows (NP a prudent provisioning policy)) and (VP has (VP set (PRT aside) (NP (QP $ 800 million) *U*) (PP against (NP possible loan losses))))) .)) (TOP (S (PP-TMP For (NP the same fiscal year)) , (PP by (NP the way)) , (NP-SBJ (NP the Bank 's) net income) (VP was (NP-PRD (NP a robust (QP $ 1.1 billion) *U*) (PP-TMP after (NP provisions)))) .)) (TOP (S (PP-PRP Because of (NP (NP the business-like manner) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ the Bank) (VP goes (PP-CLR about (NP development)) (PP-MNR *T*-1)))))) , (NP-SBJ financial markets) (VP have (NP (NP confidence) (PP in (NP it)))) .)) (TOP (S (NP-SBJ-1 This) (VP helps (S (NP-SBJ *-1) (VP explain (NP (NP (NP the triple-A rating) (VP enjoyed (NP *) (PP by (NP-LGS our bonds)))) and (NP our ability (S (NP-SBJ *) (VP to (VP borrow (NP (QP $ 9.3 billion) *U*) (PP-TMP in (NP fiscal 1989)) (PP-MNR on (NP the (ADJP most advantageous) terms)))))))))) .)) (TOP (S (NP-SBJ (NP Another) (PP of (NP (NP Mr. Roberts 's) criticisms))) (VP is (SBAR-PRD that (S (NP-SBJ-1 Bank lending) (VP has (VP done (NP (NP more harm) (PP than (ADJP good))) `` (PP-MNR by (S-NOM (NP-SBJ *-1) (VP (VP implanting (NP the wrong incentives)) and (VP deflecting (NP energy) (PP-LOC away (PP from (NP economic development)))))))))))) . '')) (TOP (S (ADVP-LOC Here) , (ADVP too) , (NP-SBJ Mr. Roberts) (VP is (PP-PRD (ADVP way) off (NP the mark))) .)) (TOP (S (NP-SBJ The reality) (VP is (SBAR-PRD that (S (NP-SBJ-1 Bank loans) (VP have (VP been (VP linked (NP *-1) (PP-CLR to (NP policy improvements)) (PP-TMP for (NP 40 years)))))))) .)) (TOP (S (NP-SBJ Our traditional project loans) (VP have , (PP for (NP instance)) , (VP supported (NP (NP (NP sensible energy pricing) (PP-LOC in (NP the power sector))) , (NP (NP sound interest-rate policies) (PP-LOC in (NP the credit area))) and (NP (NP the operation) (PP of (NP public utilities)) (PP as (NP (ADJP efficient , autonomous) agencies)))))) .)) (TOP (S (ADVP By and large) , (NP-SBJ these efforts) (VP have (VP borne (NP fruit))) .)) (TOP (S (PP-LOC In (NP (NP my home region) , (NP Latin America) ,)) (NP-SBJ-1 (NP much) (PP of (NP (NP the existing infrastructure base) -- (NP (NP an important building block) (PP for (NP development))) --))) (VP has (VP been (VP financed (NP *-1) (PP by (NP-LGS the World Bank))))) .)) (TOP (S (NP-SBJ Mr. Roberts) (ADVP also) (VP takes (NP-CLR a swipe) (PP-CLR at (NP (NP the Bank 's) adjustment lending))) .)) (TOP (SBARQ (WHNP-1 What) (SQ (NP-SBJ *T*-1) (VP are (NP-PRD (NP the facts) (PP on (NP (NP this type) (PP of (NP lending))))))) ?)) (TOP (S (NP-SBJ The Bank) (VP has (VP been (VP making (NP adjustment loans) (PP-TMP for (NP 10 years))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ their name) (VP implies))) , (NP-SBJ-1 these operations) (VP are (VP linked (NP *-1) (PP-CLR to (NP (NP far-reaching policy reforms) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP aim (PP-CLR (PP at (S-NOM (NP-SBJ *) (VP helping (S (NP-SBJ borrowing countries) (VP get (PRT back) (PP-CLR on (NP the growth path))))))) and (PP at (S-NOM (NP-SBJ *) (VP enhancing (NP their credit-worthiness)))))))))))) .)) (TOP (S (ADVP Typically) , (NP-SBJ these measures) (VP include (NP (NP reforms) (SBAR (WHNP-1 0) (S (NP-SBJ *-1) (VP (VP to (VP downsize (NP (NP the role) (PP of (NP government and parastatals)) (PP-LOC in (NP the economy))))) , (VP to (VP open (PRT up) (NP inward-looking economies) (PP-CLR to (NP international competition)))) and (VP to (VP promote (NP (NP the development) (PP of (NP a vigorous private sector)))))))))) .)) (TOP (S (NP-SBJ (NP Support) (PP for (NP the private sector))) (VP has (VP been (NP-PRD (NP a longstanding concern) (PP of (NP the Bank 's))))) .)) (TOP (S (PP-TMP Over (NP the years)) , (NP-SBJ-1 it) (VP has (VP helped (S (NP-SBJ *-1) (VP encourage (NP (NP investments) (PP by (NP (NP entrepreneurs) (PP-LOC in (NP the Third World))))) (PP-MNR (PP through (NP its extensive credit operations)) and (PP through (NP (NP loans and investments) (PP by (NP the International Finance Corp))))))))) .)) (TOP (S (ADVP-TMP Most recently) , (NP-SBJ-2 the Bank Group) (VP has (VP been (VP expanded (S-PRP (NP-SBJ *-2) (VP to (VP include (NP the Multilateral Investment Guarantee Agency)))) (S-PRP (NP-SBJ *) (VP to (VP stimulate (NP (NP direct foreign investment) (PP-LOC in (NP developing countries))) (PP-MNR by (S-NOM (NP-SBJ *) (VP offering (NP (NP (NP guarantees) (PP against (NP noncommercial risk))) and (NP (NP advice) (PP *ICH*-1))) (PP-CLR to (NP member countries)) (PP-1 on (SBAR-NOM (WHADVP-3 how) (S (NP-SBJ *) (VP to (VP improve (NP their business climate) (ADVP-MNR *T*-3))))))))))))))) .)) (TOP (S (NP-SBJ These) (VP are not (NP-PRD (NP (NP the actions) (PP of (NP (NP a development agency) (VP wed (NP *) (PP-CLR (PP to (NP central planning)) and (PP to (NP (NP the concentration) (PP of (NP (NP investment decisions) (PP-LOC in (NP (NP the hands) (PP of (NP government)))))))))))))) , (SBAR-ADV as (S (NP-SBJ Mr. Roberts) (VP alleges)))) .)) (TOP (S (ADVP Rather) , (NP-SBJ they) (VP reflect (NP (NP (NP the Bank 's) (ADJP time-tested , pragmatic) approach) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP aims (PP-CLR at (S-NOM (NP-SBJ *) (VP ensuring (SBAR that (S (NP-SBJ developing countries) (VP put (NP their scarce resources) (PP-CLR to (NP the (ADJP best possible) use))))))))))))) .)) (TOP (NP (NP Francisco Aguirre-Sacasa) (NP (NP (NP Director) , (NP External Affairs)) (NP The World Bank)))) (TOP (S (NP-SBJ The government) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP streamline (NP (NP its (ADJP enormous and often-criticized) food marketing and distribution network) , (NP (NP (NP Compania Nacional) (PP de (NP Subsistencias Populares))) , or (NP Conasupo)))))))) .)) (TOP (S (NP-SBJ Conasupo Director Ignacio Ovalle Fernandez) (VP said (SBAR 0 (S (NP-SBJ the agency) (VP will (VP sell (NP (NP 589 midsized supermarkets) and (NP several food-production (NX (NX plants) and (NX warehouses)))) (S-ADV (NP-SBJ *) (VP beginning (ADVP-TMP early (NP next year))))))))) .)) (TOP (S (NP-SBJ-1 The agency) (VP will (VP withdraw (PP-CLR from (NP (NP the production) (PP of (NP nine food products)))) , (S-ADV (NP-SBJ *-1) (VP maintaining (NP (NP production) (PP of (NP (NP the two (ADJP most important) ones) , (NP corn and milk)))))))) .)) (TOP (S (NP-SBJ Mr. Ovalle) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ Conasupo) (VP will (VP (VP cut (PRT back) (NP (NP subsidies) (PP to (NP (NP producers) (PP of (NP nonessential farm products)))))) and (VP close (NP retail outlets) (PP-LOC in (NP wealthy neighborhoods)))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP The agency 's) workers) and (NP private companies)) (VP would (VP be (VP allowed (S (NP-SBJ *-1) (VP to (VP bid (PP-CLR for (NP (NP the assets) (ADJP up (PP for (NP sale))))))))))) .)) (TOP (S (NP-SBJ Conasupo) (VP (VP controls (NP (NP prices) (PP on (NP agricultural goods)))) and (VP operates (NP (NP retail outlets) (SBAR (WHADVP-2 where) (S (NP-SBJ-1 basic consumer items) (VP are (VP sold (NP *-1) (PP-CLR at (NP state-subsidized prices)) (ADVP-LOC *T*-2)))))))) .)) (TOP (S (NP-SBJ Business leaders) (VP have (VP (ADVP long) criticized (NP the agency) (PP-CLR as (NP (NP a leading example) (PP of (NP bureacratic waste)))))) .)) (TOP (S (NP-SBJ Private-sector leaders) (VP praised (NP the Conasupo restructuring)) .)) (TOP (S But (NP-SBJ most economists) (VP doubt (SBAR 0 (S (NP-SBJ the streamlining) (VP would (VP cut (ADVP-MNR deeply) (PP-CLR into (NP (NP Conasupo government subsidy) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP (ADVP largely) goes (S (NP-SBJ *-2) (VP to (VP reduce (NP (NP consumer prices) (PP for (NP corn and milk)))))))))))))))) .)) (TOP (S (NP-SBJ The Food and Drug Administration) (VP banned (NP (NP all imports) (PP of (NP mushrooms)) (PP from (NP China))) (PP in (NP (NP response) (PP to (NP (NP a rash) (PP of (NP (NP food-poisoning outbreaks) (VP linked (NP *) (PP-CLR to (NP canned Chinese mushrooms)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The agency) (VP has (VP concluded (SBAR that (S (NP-SBJ contamination) (VP may (VP be (ADJP-PRD widespread) (PP-LOC throughout (NP (NP the mushroom-processing industry) (PP-LOC in (NP China))))))))))) , '' (NP-SBJ an FDA spokesman) (VP said (S *T*-1) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ The agency) (VP wo n't (VP allow (S (NP-SBJ (NP mushrooms) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP were (VP (VP canned (NP *-3)) or (VP packed (NP *-3) (PP-MNR in (NP brine))) (PP-LOC at (NP any Chinese plant))))))) (VP to (VP enter (NP the U.S.) (SBAR-TMP until `` (S (NP-SBJ-1 satisfactory sanitation-control measures (S *ICH*-4)) (VP are (VP implemented (NP *-1) (PP-LOC in (NP China)) (S-4 (NP-SBJ *) (VP to (VP prevent '' (NP bacterial contamination))))))))))))) .)) (TOP (S (PP-TMP On (NP May 19)) , (NP-SBJ-1 the FDA) (VP began (S (NP-SBJ *-1) (VP detaining (NP (NP Chinese mushrooms) (PP-LOC in (NP 68-ounce cans))))) (SBAR-TMP after (S (NP-SBJ-2 (NP (QP more than 100) people) (PP-LOC in (NP (NP Mississippi) , (NP New York) and (NP Pennsylvania)))) (VP became (ADJP-PRD ill) (PP-PRP from (S-NOM (NP-SBJ *-2) (VP eating (NP tainted mushrooms)))))))) .)) (TOP (S (PP-LOC In (NP subsequent tests)) , (NP-SBJ the agency) (VP found (NP-2 (NP smaller-size cans) (PP from (NP several Chinese plants))) (S-CLR (NP-SBJ-1 *-2) (VP to (VP be (VP (ADVP-MNR similarly) contaminated (NP *-1)))))) .)) (TOP (S (NP-SBJ-1 The outbreaks) (VP were (VP traced (NP *-1) (PP-CLR to (NP (NP staphylococcus aureus) , (NP (NP a type) (PP of (NP bacteria)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP produces (NP (NP a toxin) (ADJP capable (PP of (S-NOM (NP-SBJ *) (VP surviving (NP (NP the high temperatures) (VP used (NP *) (PP-LOC in (S-NOM (NP-SBJ *) (VP canning (NP vegetables))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP A recall) (PP of (NP (NP the mushrooms) (VP blamed (NP *) (PP-CLR for (NP the food poisoning)))))) (VP began (PP-TMP in (NP early March))) .)) (TOP (S (PP-TMP In (NP 1987)) , (NP-SBJ China) (VP exported (NP (NP (QP 65 million) pounds) (PP of (NP mushrooms)) , (VP valued (NP *) (PP-CLR at (NP (QP $ 47 million) *U*))) ,) (PP-DIR-CLR to (NP the U.S))) .)) (TOP (S (NP-SBJ The shipments) (VP went (PP-DIR (ADVP mostly) to (NP (NP food-service distributors) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP supply (NP pizzerias and restaurants))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP the Chinese Embassy))) (ADVP-LOC here) (VP said (SBAR that (S (NP-SBJ the Beijing government) (VP (VP has (VP taken (NP `` many effective measures '' (S (NP-SBJ *) (VP to (VP stop (NP the mushroom contamination))))))) and (VP is (VP (ADVP further) investigating (NP the underlying causes))))))) .)) (TOP (S (NP-SBJ He) (VP predicted (SBAR 0 (S (NP-SBJ-1 the problem) (VP will (VP be (VP solved (NP *-1) `` (ADVP-TMP very soon))))))) . '')) (TOP (S (NP-SBJ (NP Your (NAC-TMP Sept. 26) `` (NP Politics & Policy) '' article) (PP about (NP (NP (NP William Bennett 's) Emergency Drug Plan) (PP for (NP Washington))))) (VP gives (NP the impression (SBAR that (S (NP-SBJ the FBI) (VP (VP has not (VP been (ADJP-PRD *RNR*-2))) nor (VP is (ADJP-PRD *RNR*-2)) (ADJP-PRD-2 actively involved)))))) .)) (TOP (S (NP-SBJ This) (VP is not (NP-PRD the case)) .)) (TOP (S (NP-SBJ The FBI) (VP is (UCP-PRD (ADJP very supportive (PP of (NP *RNR*-2))) and (NP (NP an active participant) (PP in (NP *RNR*-2))) (NP-2 (NP Mr. Bennett 's) initiative))) .)) (TOP (S (NP-SBJ-1 It) (VP was (VP agreed (NP *-1) (PP-TMP at (NP (NP the outset) (PP of (NP the Washington Drug Initiative)))) (SBAR that (S (NP-SBJ (NP the FBI 's) role) (VP would (VP be (S-PRD (NP-SBJ-2 *) (VP to (VP continue (S (NP-SBJ *-2) (VP targeting (NP the major drug traffickers) (PP-MNR through (NP our National Drug Strategy))))))))))))) .)) (TOP (S (PP Through (NP these investigations)) (NP-SBJ we) (VP do not (VP focus (PP-CLR on (NP the street drug user)))) , but (ADVP rather) (S (NP-SBJ we) (VP target and attack (NP (NP major drug-trafficking organizations) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP control (NP (NP a large segment) (PP of (NP the drug market))))))))) .)) (TOP (S (NP-SBJ-1 (NP The trial) (PP of (NP Raful Edmond III)) (PP-LOC in (NP Washington))) (VP serves (S (NP-SBJ *-1) (VP to (VP highlight (NP (NP (NP our efforts) (PP-LOC in (NP this area))) and (NP (NP the results) (VP achieved (NP *) (PP-MNR through (NP (NP our excellent working relationship) (PP with (NP (NP the Drug Enforcement Administration) and (NP (NP the Metropolitan Police Department) (PRN -LRB- (NP MPD) -RRB-))))))))))))) .)) (TOP (S (NP-SBJ (NP The FBI 's) role) (VP is (S-PRD (NP-SBJ *) (VP to (VP complement (NP the D.C. initiative) (PP-MNR (PP through (ADVP not only) (NP these major trafficking investigations)) , but also (PP by (S-NOM (NP-SBJ *) (VP providing (NP (NP a full range) (PP of (NP services))) (PP-MNR through (NP (NP various task forces) and (NP (NP our contacts) (PP with (NP (NP local police squads) (VP handling (NP drug-related crimes))))))))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ we) (VP have (NP (NP agents) (VP assigned (NP *) (NP-MNR full time) (S-PRP (NP-SBJ *) (VP to (VP assist (NP the MPD) (PP-CLR in (NP (NP drug-related crimes) (PP such as (NP (NP homicide) and (NP (NP other crimes) (PP of (NP violence))))))))))))) .)) (TOP (NP (NP Milt Ahlerich) (NP (NP Assistant Director) (NP (NP (NP Office) (PP of (NP Public Affairs))) (NP (NP Federal Bureau) (PP of (NP Investigation))))))) (TOP (S (NP-SBJ Ramada Inc.) (VP (VP revised (NP (NP the terms) (PP of (NP its restructuring)))) and (VP extended (PP-TMP to (NP Feb. 28 , 1990 ,)) (NP (NP the deadline) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP complete (NP (NP the sale) (PP of (NP its hotel business)) (PP to (NP (NP (NP New World Development Co.) (PP of (NP Hong Kong))) and (NP (NP Prime Motor Inns Inc.) (PP of (NP (NP Fairfield) , (NP N.J))))))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ-1 (NP Ramada 's) previous plan) (VP was (VP derailed (NP *-1) (PP by (NP-LGS (NP upheaval) (PP-LOC in (NP the junk-bond market)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP hindered (NP (NP the offering) (PP of (NP (NP (QP $ 400 million) *U*) (PP in (NP (NP high-yield securities) (PP of (NP (NP Aztar Corp.) , (NP (NP the new company) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP will (VP operate (NP (NP (NP Ramada 's) casinos) (PP-LOC in (NP (NP Nevada) and (NP Atlantic City))))))))))))))))))))))) ,)) (TOP (S (PP-LOC Under (NP the new terms)) , (S (NP-SBJ New World) (VP will (ADVP still) (VP pay (NP (NP (QP $ 540 million) *U*) (ADJP *ICH*-1)) (PP-CLR for (NP (NP Ramada 's) hotel business)) , (ADJP-1 subject (PP to (NP (NP adjustment) (PP-TMP at (NP closing))))) ,))) but (S (NP-SBJ Ramada) (VP will (ADVP-TMP now) (VP reimburse (NP New World) (PP-CLR for (NP (NP (QP $ 10 million) *U*) (PP in (NP expenses))))))) .)) (TOP (S (NP-SBJ Prime) (VP will (ADVP still) (VP manage (NP (NP Ramada 's) domestic franchise system) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the sale) (VP closes (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ Revised terms) (VP call (SBAR for (S (NP-SBJ-1 each Ramada common share) (VP to (VP be (VP exchanged (NP *-1) (PP-CLR for (NP (NP (NP $ 1 *U*) (PP in (NP cash)) , (ADJP subject (PP to (NP possible reduction))) ,) and (NP (NP one share) (PP of (NP Aztar common stock))))))))))) .)) (TOP (S (NP-SBJ Shareholders) (VP will (ADVP also) (VP receive (NP (NP one cent) (PP per (NP share))) (PP-CLR for (NP (NP the redemption) (PP of (NP preferred stock purchase rights)))))) .)) (TOP (S (NP-SBJ-1 The cash payout) (VP will (VP be (VP reduced (NP *-1) (PP-EXT by (NP (NP 40 %) (PP of (NP (NP any amount) (SBAR (WHPP-3 by (WHNP which)) (S (NP-SBJ (NP the weighted mean price) (PP of (NP (NP Ramada 's) common stock))) (VP exceeds (NP $ 14 *U*) (PP-TMP on (NP (NP the day) (SBAR (WHADVP-2 0) (S (NP-SBJ the transaction) (VP closes (ADVP-TMP *T*-2)))))) (PP-EXT *T*-3))))))))))) .)) (TOP (S (NP-SBJ-2 The provision) (VP will (VP help (S (NP-SBJ *-2) (VP provide (PP-CLR for (NP (NP tax liabilities) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP may (VP stem (PP-CLR from (NP the restructuring)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Ramada 's) stock) (VP rose (NP-EXT 87.5 cents) (PP-PRP on (NP the news)) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 11.25 *U*))))) (PP-LOC in (NP composite New York Stock Exchange trading))) .)) (TOP (S (NP-SBJ The announcement) (VP dispelled (NP (NP some Wall Street observers ') fears (SBAR that (S (NP-SBJ New World) (VP might (VP (VP demand (NP (NP a huge premium) (PP for (NP the delay)))) , or (VP scrap (NP the deal) (ADVP entirely)))))))) .)) (TOP (S (NP-SBJ (NP The previous deadline) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP complete (NP the sale) (ADVP-TMP *T*-1)))))) (VP was (NP-TMP-PRD Nov. 30)) .)) (TOP (S (NP-SBJ (NP One major advantage) (PP of (NP the revised plan))) (VP is (SBAR-PRD that (S (NP-SBJ Aztar) (VP will (VP have (NP (NP (ADJP far less) debt) (PP than (PP under (NP the old terms))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-1 They) (VP 'll (VP go (PP-DIR from (S-NOM (NP-SBJ *-1) (VP being (NP-PRD (NP one) (PP of (NP the (ADJP most leveraged) (NP *RNR*-2))))))) (PP-DIR to (NP (NP one) (PP of (NP the (ADJP least leveraged) (NP *RNR*-2))))) (NP-2 casino companies)))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Daniel Lee) , (NP (NP an analyst) (PP with (NP Drexel Burnham Lambert Inc)))) .)) (TOP (S (NP-SBJ Mr. Lee) (VP values (NP the package) (PP-CLR at (NP (NP (NP (QP between $ 15 and $ 20) *U*) (NP-ADV a share)) , (VP based (NP *) (PP-CLR on (NP (NP current trading prices) (PP of (NP other casino-company stocks)))))))) .)) (TOP (S (NP-SBJ-1 (NP The much-revised restructuring) , (SBAR (WHNP-3 which) (S (NP-SBJ-2 *T*-3) (VP was (VP (ADVP-TMP first) announced (NP *-2) (PP-TMP in (NP October 1988)))))) ,) (VP must (ADVP again) (VP be (VP approved (NP *-1) (PP by (NP-LGS (NP shareholders) and (NP (NP state casino regulators) (PP-LOC in (NP (NP Nevada) and (NP New Jersey))))))))) .)) (TOP (S (NP-SBJ Financing plans) (VP include (S (NP-SBJ *) (VP raising (NP (NP (QP $ 170 million) *U*) (PP in (NP debt)) (VP secured (NP *) (PP by (NP-LGS (NP (NP the company 's) holdings) (PP-LOC in (NP New Jersey))))))))) .)) (TOP (S (PP-TMP In (NP May)) , (NP-SBJ Ramada) (VP sold (NP its Marie Callender Pie Shops Inc. unit) (PP-DTV to (NP (NP a group) (PP of (NP private investors)))) (PP-CLR as (NP (NP part) (PP of (NP its plan (S (NP-SBJ *) (VP to (VP focus (PP-CLR on (NP (NP its casinos) (PP-LOC (PP in (NP Atlantic City)) and (PP in (NP (NP (NP Las Vegas) and (NP Laughlin)) , (NP Nev)))))))))))))) .)) (TOP (S (S (NP-SBJ Bond prices) (VP took (NP the high road))) and (S (NP-SBJ stock prices) (VP took (NP the low road))) (SBAR-TMP as (S (NP-SBJ (NP worries) (PP *ICH*-1)) (VP mounted (PP-1 about (NP (NP the economy) and (NP the junk bond market)))))) .)) (TOP (S (NP-SBJ The Dow Jones Industrial Average) (VP fell (NP-EXT 26.23 points) (PP-DIR to (NP 2662.91)) (PP-LOC in (NP sluggish trading))) .)) (TOP (S But (NP-SBJ long-term Treasury bonds) (VP staged (NP a modest rally) , (PP with (S-NOM (NP-SBJ (NP prices) (PP on (NP most issues))) (VP rising (NP (NP (QP about half a) point) , or (NP (NP $ 5 *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount)))))))) .)) (TOP (S (NP-SBJ The dollar) (VP sagged (PP against (NP other major currencies)) (PP-LOC in (NP lethargic trading))) .)) (TOP (S (NP-SBJ Traders and analysts) (VP said (SBAR 0 (S (NP-SBJ (NP the divergence) (PP between (NP the stock and bond markets))) (VP is (NP-PRD (NP a sign) (PP of (NP (NP growing unease) (PP about (NP the economic outlook))))))))) .)) (TOP (S (S (NP-SBJ A sinking economy) (VP (VP depresses (NP-1 corporate earnings)) and (VP thus (NP=1 stock prices)))) , but (S (NP-SBJ it) (VP buoys (NP bond prices) (SBAR-TMP as (S (NP-SBJ interest rates) (VP fall))))) .)) (TOP (S (NP-SBJ-2 That unease) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP grow (NP-TMP (NP (NP today) (SBAR (WHADVP-3 when) (S (NP-SBJ the government) (VP reports (PP-CLR on (NP September durable goods orders)) (ADVP-TMP *T*-3))))) and again (NP (NP Thursday) (SBAR (WHADVP-4 when) (S (NP-SBJ-1 (NP the first assessment) (PP of (NP third-quarter economic growth))) (VP is (VP released (NP *-1) (ADVP-TMP *T*-4)))))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ they) (VP think (SBAR (SBAR 0 (S (NP-SBJ durable goods orders) (VP fell (NP (NP-EXT (QP about 1) %) , (PP compared (PP with (NP (NP a (ADJP 3.9 %) gain) (PP-TMP in (NP August))))) ,)))) and (SBAR that (S (NP-SBJ (NP growth) (PP-TMP in (NP the third quarter))) (VP slowed (PP-DIR to (NP (QP about 2.3) %)) (PP-DIR from (NP (NP the second quarter 's) 2.5 %)))))))))) .)) (TOP (S (NP-SBJ (NP (NP The stock market 's) decline) , (VP coming (PP-TMP after (NP (NP a record weekly gain) (PP of (NP 119.88 points))))) ,) (VP surprised (NP some investors)) .)) (TOP (S But (NP-SBJ (NP A.C. Moore) , (NP (NP director) (PP of (NP research)) (PP-LOC at (NP Argus Research))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP last week 's) rally) (VP was (NP-PRD (NP a reflex reaction) (PP to (NP the (NAC-TMP Oct. 13) stock market rout))))))) .)) (TOP (S-1 (ADVP Overall) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP the trend) (PP-LOC in (NP stock prices))) (VP will (VP be (ADVP-PRD down) (SBAR-TMP as (S (NP-SBJ the economy) (VP weakens))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ we) (VP 're (PP-PRD on (NP target)) (PP in (S-NOM (NP-SBJ *) (VP looking (PP-CLR for (NP renewed economic deterioration)))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (S (NP-SBJ-1 Corporate profits) (VP are (VP going (S (NP-SBJ *-1) (VP to (VP decrease (ADVP (ADVP faster) (SBAR than (S (NP-SBJ interest rates) (VP will (VP fall))))))))))) , and (S (NP-SBJ the probability) (VP is (SBAR-PRD that (S (NP-SBJ we) (VP 'll (VP see (NP negative economic growth) (PP-TMP in (NP the fourth quarter)))))))) . '')) (TOP (S (S (NP-SBJ (NP Hugh Johnson) , (NP (NP chief investment officer) (PP-LOC at (NP First Albany Corp.))) ,) (VP agreed (SBAR that (S (NP-SBJ a deteriorating economy) (VP is (ADJP-PRD worrisome)))))) , but (S (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ (NP the real concern) (PP among (NP stock investors))) (VP is (SBAR-PRD that (S (NP-SBJ some new problem) (VP will (VP crop (PRT up) (PP-LOC in (NP the junk bond market))))))))))) .)) (TOP (S (PP-LOC In (NP major market activity)) : (NP-SBJ Stock prices) (VP slumped (PP-LOC in (NP sluggish trading))) .)) (TOP (S (NP-SBJ (NP Volume) (PP-LOC on (NP the New York Stock Exchange))) (VP totaled (NP (QP 135.9 million) shares)) .)) (TOP (S (NP-SBJ (NP Declining issues) (PP-LOC on (NP the Big Board))) (VP were (ADVP-PRD (ADVP ahead (PP of (NP gainers))) , (ADVP 1,012 to 501))) .)) (TOP (S (NP-SBJ Bond prices) (VP rallied) .)) (TOP (S (NP-SBJ (NP The yield) (PP on (NP (NP the Treasury 's) benchmark 30-year bond))) (VP slipped (PP-DIR to (NP 7.93 %))) .)) (TOP (S (NP-SBJ The dollar) (VP weakened (PP against (NP most other major currencies))) .)) (TOP (S (PP-LOC In (NP late New York trading)) , (NP-SBJ-1 the dollar) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP (NP 1.8470 marks) and (NP 141.90 yen)) , (PP compared (PP with (NP (NP (NP 1.8578 marks) and (NP 142.43 yen)) (NP-TMP late Friday)))))))) .)) (TOP (S (NP-SBJ The Wall Street Journal `` (NAC American Way (PP of (NP Buying))) '' Survey) (VP consists (PP-CLR of (NP (NP two separate , door-to-door nationwide polls) (VP conducted (NP *) (PP for (NP the Journal)) (PP by (NP-LGS (NP Peter D. Hart Research Associates) and (NP the Roper Organization))))))) .)) (TOP (S (NP-SBJ-2 (NP The two surveys) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP asked (NP different questions)))) ,) (VP were (VP conducted (NP *-2) (S-MNR (NP-SBJ *) (VP using (NP national random probability samples))))) .)) (TOP (S (NP-SBJ (NP The poll) (VP conducted (NP *) (PP by (NP-LGS Peter D. Hart Research Associates)))) (VP interviewed (NP (NP 2,064 adults) (UCP (NP age 18) and (ADJP older))) (PP-TMP (PP from (NP June 15)) (PP to (NP June 30 , 1989)))) .)) (TOP (S (NP-SBJ (NP The poll) (VP conducted (NP *) (PP by (NP-LGS the Roper Organization)))) (VP interviewed (NP (NP 2,002 adults) (UCP (ADJP (NP age 18) and (ADJP older)))) (PP-TMP (PP from (NP July 7)) (PP to (NP July 15 , 1989)))) .)) (TOP (S (NP-SBJ-1 Responses) (VP were (VP weighted (NP *-1) (PP-MNR on (NP (NP the basis) (PP of (NP age and gender)))) (S-PRP (NP-SBJ *-1) (VP to (VP conform (PP-CLR with (NP U.S. Census data))))))) .)) (TOP (S (PP For (NP each poll)) , (NP-SBJ the odds (SBAR *ICH*-1)) (VP are (NP-PRD (QP 19 out of 20)) (SBAR-1 that (S (SBAR if (S (NP-SBJ-2 pollsters) (VP had (VP sought (S (NP-SBJ-3 *-2) (VP to (VP survey (NP (NP every household) (PP-LOC in (NP the U.S.))) (S-MNR (NP-SBJ *-3) (VP using (NP the same questionnaire)))))))))) , (NP-SBJ the findings) (VP would (VP differ (PP-CLR from (NP these poll results)) (PP-MNR by (NP (NP (QP no more than 2 1) percentage points) (PP-LOC in (NP either direction))))))))) .)) (TOP (S (NP-SBJ (NP The margin) (PP of (NP error)) (PP for (NP (NP subgroups) (PRN -- (PP for (NP example)) , (NP (NP married women) (PP with (NP (NP children) (PP-LOC at (NP home))))) --)))) (VP would (VP be (ADJP-PRD larger))) .)) (TOP (S (PP In (NP addition)) , (PP-LOC in (NP any survey)) , (NP-SBJ there) (VP is (ADVP-TMP always) (NP-PRD the chance (SBAR that (S (NP-SBJ (NP other factors) (PP such as (NP question wording))) (VP could (VP introduce (NP errors) (PP-CLR into (NP the findings)))))))) .)) (TOP (S -LRB- (NP-SBJ *) (VP See (NP (NP related story) : (NP-TTL `` (NP (NP The American Way) (PP of (NP Buying))) : (SQ Is (S-NOM-SBJ (NP-SBJ *) (VP Buying (NP a Car))) (NP-PRD (NP a Choice) or (NP a Chore)) ?)))) --)) (TOP (S (ADVP Ironically) , (NP-SBJ-1 (NP American Airlines ') attempt (S (NP-SBJ *) (VP to (VP lead (NP-2 industry prices) (S (NP-SBJ *-2) (ADVP-PRD higher)))))) (VP was (VP reported (NP *-1) (PP-LOC in (NP (NP the same issue) (PP as (NP (NP your survey) (VP showing (SBAR that (S (NP-SBJ consumers) (VP had (NP (NP the least confidence) (PP-LOC in (NP the airline industry))))))))) (PRN -LRB- (NP-TMP Sept. 20) -RRB-))))) .)) (TOP (S (NP-SBJ You) (VP quote (NP-1 (NP Robert Crandall) , (NP (NP chairman) (PP of (NP (NP (NP American 's) parent) , (NP AMR Corp.) ,)))) (PP-CLR as (S-NOM (NP-SBJ *-1) (VP having (VP said (SBAR that (S (NP-SBJ (NP discount deals) (PP for (NP big customers))) (VP would (VP be `` (ADJP-PRD dumb) '' (SBAR-PRP because `` (S (NP-SBJ you) (VP will (VP go (PP-DIR to (NP Detroit)) (SBAR-PRP because (S (NP-SBJ-2 you) (VP have (S (NP-SBJ *-2) (VP to (VP go (PP-DIR to (NP Detroit)))))))) (SBAR-SBJ whether (S (NP-SBJ the fare) (VP is (NP-PRD (NP $ 175 *U*) , (NP $ 275 *U*) or (NP $ 375 *U*)))))))))))))))))) . '')) (TOP (S (SBAR-ADV Even if (S (NP-SBJ Mr. Crandall) (VP is (ADJP-PRD correct)))) , (NP-SBJ (NP he) (PP of (NP all people))) (VP must (VP realize (SBAR 0 (S (NP-SBJ our society) (VP relies (PP-CLR on (NP-1 competition)) (S-CLR (NP-SBJ *-1) (VP to (VP keep (S (NP-SBJ prices) (PP-PRD-LOC at (NP a competitive level))))))))))) .)) (TOP (S (PP-TMP In (NP 1986)) , (NP-SBJ he) (VP settled (NP (NP an antitrust suit) (VP based (NP *) (PP-CLR on (NP (NP a taped telephone conversation) (PP of (NP (NP him) (VP proposing (PP-CLR to (NP (NP Braniff 's) president)) (SBAR that (S (NP-SBJ (NP they) (NP both)) (VP raise (NP fares) (NP-EXT 20 %)))))))))))) .)) (TOP (S -LRB- (NP-SBJ Braniff) (VP declined) -RRB- .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ I) (VP asked (NP American Airlines) (PP-CLR for (NP (NP its side) (PP of (NP the story)))) (PP-PRP for (NP (NP use) (PP-LOC in (NP (NP my MBA class) , (SBAR (WHADVP-1 where) (S (NP-SBJ I) (VP teach (NP business ethics) (ADVP-LOC *T*-1)))) ,)))) (ADVP-TMP *T*-2)))) (NP-SBJ it) (VP did not (VP respond)) .)) (TOP (S (ADVP Perhaps) (NP-SBJ (NP the ethics) (PP of (NP (NP an industry 's) leader))) (VP (VP filters (ADVP down)) and (VP is (NP-PRD (NP one) (PP of (NP (NP the factors) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP ultimately) (VP shapes (NP (NP consumer trust) (PP-LOC in (NP that industry))))))))))) .)) (TOP (NP (NP Arnold Celnicker) (NP (NP Assistant Professor) (NP Ohio State University)))) (TOP (S (NP-SBJ Meredith Corp.) (VP is (VP launching (NP (NP a new service) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP offer (NP advertisers) (NP (NP package deals) (VP combining (NP its book , magazine and videocassette products)))))))))) .)) (TOP (S (NP-SBJ The (ADJP Des Moines-based) publisher) (VP said (SBAR 0 (S (NP-SBJ it) (VP created (NP (NP a new Custom Marketing Group) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP offer (NP advertisers) (NP (NP special rates) (PP for (NP (NP combination packages) (PP-LOC in (NP (NP its magazines) , (PP such as (NP (NP Ladies Home Journal) and (NP Better Homes and Gardens))))))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the group) (VP will (VP create (NP (NP custom-designed media) (PP such as (NP (NP cookbooks) , (NP newspaper inserts) and (NP videos)))) (PP-CLR for (NP ad campaigns)))) .)) (TOP (S (ADVP-TMP Earlier (NP this year)) , (NP-SBJ Meredith) (VP sold (NP its first such package) (PP-CLR for (NP (QP $ 3 million) *U*)) (PP-DTV to (NP (NP Kraft Inc.) , (NP (ADVP-TMP now) (NP a unit) (PP of (NP (ADJP New York-based) Philip Morris Cos)))))) .)) (TOP (S (NP-SBJ The Kraft package) (VP included (NP (NP a (ADJP specially published) cookbook) , (NP (NP a national free-standing insert) (PP-LOC in (NP Sunday newspapers))) , and (NP (NP a Kraft `` advertorial '' section) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP ran (PP-LOC in (NP five Meredith magazines)))))))) .)) (TOP (S (NP-SBJ-1 Kraft) (ADVP-TMP recently) (VP agreed (S (NP-SBJ *-1) (VP to (VP spend (NP an additional (QP $ 3 million) *U*) (PP-CLR on (NP similar programs)) (PP-TMP through (NP 1990)))))) .)) (TOP (S (S (NP-SBJ (NP Bill Murphy) , (NP (NP director) (PP of (NP the new marketing unit))) ,) (VP said (SBAR 0 (S (NP-SBJ Meredith) (VP is (VP negotiating (NP other large-scale packages) (PP-CLR with (NP (NP leading companies) (PP in (NP several product categories)))))))))) , but (S (NP-SBJ he) (VP would n't (VP disclose (NP their names)))) .)) (TOP (S (NP-SBJ (NP (NP Sources) (ADJP close (PP to (NP the company)))) and (NP (NP ad agencies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP work (PP-CLR with (NP Meredith))))))) (VP said (SBAR 0 (S (NP-SBJ (NP leading advertisers) (PP in (NP (NP consumer electronics) , (NP packaged goods) and (NP automotive products)))) (VP were (PP-PRD among (NP (NP those) (VP negotiating (NP ad packages) (PP-CLR with (NP the Meredith group))))))))) .)) (TOP (S (NP-SBJ Other magazine publishing companies) (VP have (VP been (VP moving (PP-DIR in (NP the same direction))))) .)) (TOP (S (NP-SBJ-1 (NP The New York Times Co. 's) Magazine Group) (ADVP-TMP earlier (NP this year)) (VP began (S (NP-SBJ *-1) (VP offering (NP advertisers) (NP (NP extensive merchandising services) (VP built (NP *) (PP-MNR around (S-NOM (NP-SBJ *) (VP buying (NP (NP ad pages) (PP-LOC in (NP its Golf Digest magazine))))))))))) .)) (TOP (S (NP-SBJ Time Warner Inc.) (ADVP-TMP recently) (VP formed (NP (NP a `` synergy department '') (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP seek (PRT out) (NP (NP ways) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP offer (NP advertisers) (NP (NP packages) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP combine (NP (NP Time 's) magazines) (PP-CLR with (NP (NP Warner products) (PP such as (NP videocassettes))))))))) (ADVP-MNR *T*-3)))))))))))) .)) (TOP (S (NP-SBJ (NP Paul DuCharme) , (NP (NP director) (PP of (NP media services)) (PP-LOC at (NP Grey Advertising))) ,) (VP said (SBAR 0 (S (NP-SBJ Meredith) (VP is (NP-PRD (NP the leader) (PP in (S-NOM (NP-SBJ *) (VP providing (NP multimedia packages))))))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ They) (VP may (VP get (VP passed (PRT up) (ADVP-TMP later) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ other publishers) (VP get (NP their acts) (ADVP-CLR together) (ADVP-TMP *T*-1)))))))) , but (S (PP-TMP for (NP now)) (NP-SBJ they) (VP are (NP-PRD (NP the quickest) (VP offering (NP the (ADJP most extensive) plan)))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ (NP Mr. Murphy) (PP of (NP Meredith))) (VP said (SBAR 0 (S (NP-SBJ (NP one advertiser) , (SBAR (WHNP-3 which) (S (NP-SBJ he) (VP would n't (VP identify (NP *T*-3))))) ,) (VP wants (S (NP-SBJ Meredith) (VP to (VP (VP provide (NP (NP ad pages) (PP-LOC in (NP seven Meredith magazines)))) , (VP publish (NP (NP an interior-decorating book) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP distributed (NP *-1) (PP-LOC at (NP (NP point) (PP of (NP purchase))))))))))) , (VP give (PRT away) (NP (NP a videotape) (PP on (NP installation pointers)))) , and (VP (ADVP possibly) use (NP (NP Meredith 's) (NP Better Homes and Gardens ') residential real-estate agents) (S-CLR (NP-SBJ *) (VP to (VP distribute (NP discount-coupon books) (PP-CLR to (NP new homeowners))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (ADVP-TMP (NP Five years) ago) , (NP-SBJ magazine publishers) (VP would (VP (ADVP simply) bid (PP-CLR on (NP (NP (NP an advertiser 's) big ad schedule) (PP for (NP their magazine))))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Murphy) .)) (TOP (S `` But (NP-SBJ the marketplace) (VP changed) .)) (TOP (S (NP-SBJ Advertisers) (ADVP-TMP now) (VP say ` (S (NP-SBJ *) (VP Help (S (NP-SBJ us) (VP (VP improve (NP our image)) and (VP extend (NP our selling season))))))) . ')) (TOP (S (NP-SBJ-1 They) (VP are (VP coming (PP-DIR to (NP publishers)) (S-ADV (NP-SBJ *-1) (VP looking (PP-CLR for (NP ideas)))))) .)) (TOP (S (NP-SBJ (NP Your Sept. 21 article) `` (S-TTL (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD So Easy) (S-1 (NP-SBJ-2 *) (VP to (VP Get (VP Burned (NP *-2) (SBAR-TMP (WHADVP-3 When) (S (NP-SBJ *-2) (VP Buying (NP a Small Firm) (ADVP-TMP *T*-3)))))))))) '') (VP was (ADJP-PRD excellent)) .)) (TOP (S (NP-SBJ I) (VP (VP 've (VP been (VP advising (NP small businesses) (NP-TMP many years)))) and (VP have (VP lived (PP-CLR with (NP the fact (SBAR that (S (S (NP-SBJ-1 50 %) (VP will (VP go (PP-CLR out (PP of (NP business))) (PP-TMP-2 within (NP two years))))) , and (S (NP-SBJ=1 80 %) (PP-TMP=2 in (NP five years)))))))))) .)) (TOP (S (NP-SBJ (NP The economic loss) , (NP (NP jobs) (VP lost (NP *))) , (NP anguish) , (NP frustration) and (NP humiliation)) (VP are (PP-PRD beyond (NP measure))) .)) (TOP (S And (NP-SBJ (NP most) (PP of (NP these))) (VP are (ADJP-PRD absolutely unnecessary)) .)) (TOP (S (S (NP-SBJ Your article) (VP points (PRT out) (NP (NP the traps) (SBAR (WHNP-1 0) (S (NP-SBJ people) (VP fall (PP into (NP *T*-1)))))))) , but (S (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ *-3) (VP reviewing (NP those traps) (ADVP *T*-2)))) (NP-SBJ-3 one) (VP sees (SBAR 0 (S (NP-SBJ-4 (NP (QP just about all)) (PP of (NP them))) (VP could (VP have (VP been (VP avoided (NP *-4))))))))) .)) (TOP (S (NP-SBJ-1 An accountant) (VP did not (VP review (NP (NP the seller 's) books) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP buying (NP a business)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP guess (SBAR 0 (S (NP-SBJ I) (VP was (ADJP-PRD naive)))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP a (ADJP more descriptive) word) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP describe (NP (NP his lapse) (PP of (NP common sense))))))))) .)) (TOP (S (NP-SBJ (NP Corporate managers) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP want (S (NP-SBJ *-2) (VP to (VP start (NP their own business)))))))) (VP are (NP-PRD the highest failure risks)) .)) (TOP (S (NP-SBJ-1 They) (VP (VP know (NP all the answers)) and (VP are not (ADJP-PRD used (PP to (S-NOM (NP-SBJ *-1) (VP working (NP (NP (QP more than 40) hours) (NP-ADV a week)))))))) .)) (TOP (S (NP-SBJ (NP The blue-collar worker) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP decides (S (NP-SBJ *-2) (VP to (VP start (NP a business)))))))) (VP will (VP (VP listen) and (VP take (NP advice)))) .)) (TOP (S (NP-SBJ His humility) (VP gives (NP him) (NP (NP a (ADJP much better) chance) (PP of (NP success)))) .)) (TOP (S (ADVP-TMP (NP A few months) ago) (NP-SBJ your paper) (VP reported (NP (NP the results) (PP of (NP a study (S (NP-SBJ *) (VP to (VP determine (SBAR (WHADVP why) (S (NP-SBJ (NP Asians) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP arrive (PP-LOC in (NP this country)) (UCP-MNR (PP without (NP any money)) , and (ADJP unable (S (NP-SBJ *-2) (VP to (VP speak (NP English))))) ,))))) (VP become (NP-PRD overnight successes))))))))))) .)) (TOP (S (NP-SBJ Their `` secret '') (VP is (SBAR-PRD that (S (S (NP-SBJ they) (VP (VP gather (NP (NP a small group) (PP of (NP advisers))) (PP-LOC around (NP them))) , (VP listen (PP-CLR to (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 they) (VP have (S (NP-SBJ *-1) (VP to (VP say (NP *T*-2))))))))) , (VP prepare (NP a business plan)))) and (S (NP-SBJ they) (VP are (PP-PRD on (NP their way))))))) .)) (TOP (S (NP-SBJ Successful American business owners) (VP do (NP the same thing)) .)) (TOP (S (ADVP Unfortunately) , (NP-SBJ they) (VP are (PP-PRD in (NP the minority))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Avoiding (NP failure))) (VP is (ADJP-PRD easy)) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP 's (ADJP-PRD unfortunate) (SBAR-2 0 (S (NP-SBJ so many) (VP must (VP learn (NP-MNR the hard way)))))) .)) (TOP (NP (NP Daniel B. Scully) (NP-LOC (NP Tucson) , (NP Ariz)) .)) (TOP (S (NP-SBJ (NP The management turnover) (PP-LOC at (NP Reebok International Ltd.))) (VP continued (PP-MNR with (NP (NP the resignation) (PP of (NP (NP company president C. Joseph LaBonte) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP joined (NP Reebok) (ADVP-TMP (NP (QP just two) years) ago))))))))) .)) (TOP (S (NP-SBJ (NP Mr. LaBonte 's) departure) (VP follows (PP-TMP by (NP two months)) (NP (NP the resignation) (PP of (NP Mark Goldston)) (PP as (NP (NP senior vice president) and (NP chief marketing officer))) (PP-TMP after (NP (NP (QP only 11) months) (PP-LOC at (NP Reebok)))))) .)) (TOP (S (NP-SBJ (NP The resignations) (PP by (NP (NP the two executives) , (VP considered (S (NP-SBJ *) (ADJP-PRD hard-charging and abrasive)) (PP by (NP-LGS Reebok insiders))) ,))) (VP reflect (NP (NP a difference) (PP in (NP style)) (PP with (NP (NP Paul Fireman) , (NP (NP chairman) and (NP chief executive)) ,))) (PP according (PP to (NP several former executives)))) .)) (TOP (S (NP-SBJ The two executives) (VP are (PP-LOC-PRD among (NP (NP a number) (PP of (NP (NP outsiders) (VP recruited (NP-1 *) (PP by (NP-LGS Reebok)) (PP-TMP in (NP the past few years)) (S-PRP (NP-SBJ *-1) (VP to (VP help (S (NP-SBJ it) (VP make (NP (NP the transition) (PP (PP from (NP a small start-up company)) (PP to (NP (NP a marketing giant) (PP with (NP (NP sales) (NP-TMP last year) (PP of (NP (QP $ 1.79 billion) *U*))))))))))))))))))) .)) (TOP (S (NP-SBJ The changes) (VP come (SBAR-TMP as (S (NP-SBJ-2 (NP Reebok) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP grew (ADVP-MNR rapidly) (PP-TMP in (NP the mid-1980s))) but (VP has (VP seen (S (NP-SBJ its sales) (VP flatten)) (PP-TMP of (NP late))))))) ,) (VP is (VP seeking (S (NP-SBJ *-2) (VP to (VP regain (NP (NP momentum) (PP-LOC in (NP the athletic-shoe business)) (PP against (NP (NP rivals) (NP (NP Nike Inc.) and (NP L.A. Gear Inc))))))))))))) .)) (TOP (S-1 (NP-SBJ The departures) (PRN , (SINV (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Alice Ruth) , (NP (NP an analyst) (PP-LOC at (NP (NP Montgomery Securities) (PP-LOC in (NP San Francisco))))))) ,) (VP should (VP enable (NP the company) (S (NP-SBJ *) (VP to (VP focus (PP on (NP business issues) (ADVP instead (PP of (NP management differences))))))))) .)) (TOP (S `` (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ it) (VP 's (ADVP more) (NP-PRD (NP an issue) (PP of (NP style))))))) .)) (TOP (S (NP-SBJ I) (VP would (VP view (NP it) (PP-CLR as (NP a net positive)))) .)) (TOP (S (NP-SBJ The company) (VP can (VP go (PP-CLR about (NP its business)))) .)) (TOP (S (S-TPC-1 (NP-SBJ They) (VP 're (PP-LOC-PRD in (NP (NP the midst) (PP of (NP a turnaround)))))) , '' (NP-SBJ she) (VP noted (S *T*-1)) .)) (TOP (S (NP-SBJ Earnings) (VP have (VP rebounded (PP-TMP in (NP 1989)) (PP-TMP after (NP (NP a (ADJP 20 %) decline) (NP-TMP last year))))) .)) (TOP (S (NP-SBJ-2 A former executive) (VP agreed (SBAR that (S (NP-SBJ the departures) (VP do n't (VP reflect (NP major problems))))) , (S-ADV (NP-SBJ *-2) (VP adding : `` (S (SBAR-ADV If (S (NP-SBJ you) (VP see (NP (NP any company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP grows (ADVP (ADVP as fast) (SBAR as (S (NP-SBJ Reebok) (VP did (VP *?*)))))))))))) , (NP-SBJ-3 it) (VP is (VP going (S (NP-SBJ *-3) (VP to (VP have (S (NP-SBJ people) (VP coming and going))))))))))) . '')) (TOP (S (NP-SBJ Reebok) (VP said (SBAR 0 (S (NP-SBJ Mr. LaBonte) (VP will (VP resume (NP (NP the presidency) (PP of (NP (NP Vantage Group Inc.) , (NP (NP a California-based venture capital firm) (SBAR (WHNP-1 that) (S (NP-SBJ he) (VP founded (NP *T*-1) (PP-TMP in (NP 1983)))))))))))))) .)) (TOP (S (PP-TMP Before (NP that)) (NP-SBJ he) (VP was (NP-PRD (NP (NP president) and (NP chief operating officer)) (PP of (NP Twentieth Century-Fox Film Corp)))) .)) (TOP (S (NP-SBJ Reebok) (VP added (SBAR that (S (NP-SBJ Mr. Fireman) (VP will (VP assume (NP (NP the title) (PP of (NP president)))))))) .)) (TOP (S (NP-SBJ A spokesman) (VP said (SBAR that (S (NP-SBJ neither (NP Mr. Fireman) nor (NP Mr. LaBonte)) (VP would (VP be (ADJP-PRD available (PP for (NP comment)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP will not (VP be (VP commenting (PP beyond (NP the news release)))))) , '' (NP-SBJ the spokesman) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-3 (NP Mr. Goldston) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP had (VP been (NP-PRD (NP president) (PP of (NP (NP Faberge Inc. 's) Faberge U.S.A. division))) (PP-TMP before (S-NOM (NP-SBJ *-2) (VP joining (NP Reebok) (PP-TMP in (NP September 1988))))))))) ,) (VP left (PP-TMP in (NP August)) (S-PRP (NP-SBJ *-3) (VP to (VP pursue (NP other interests))))) .)) (TOP (S (NP-SBJ Magazine publishers) (VP are (VP facing (NP (NP spiraling costs) and (NP (NP a glut) (PP of (NP new titles)))))) .)) (TOP (S But (NP-SBJ (NP even a raft) (PP of (NP recent failures))) (VP is n't (VP stopping (NP-1 them) (PP from (S-NOM (NP-SBJ *-1) (VP launching (NP new publications)))))) .)) (TOP (S (PP-LOC At (NP (NP the American Magazine Conference) (ADVP-LOC here))) , (NP-SBJ-1 publishers) (VP are (VP (ADVP plenty) worried (NP *-1) (PP-CLR about (NP (NP the industry 's) woes)))) .)) (TOP (S But (NP-SBJ they) (VP are (ADVP also) (VP talking (PP-CLR about (NP new magazines)))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ Toronto-based Telemedia Inc.) (VP will (VP publish (NP (NP-TTL Eating Well) , (NP (NP a new food and health magazine) (ADJP due (ADVP out) (NP-TMP next summer)))))) .)) (TOP (S (NP-SBJ-1 (ADJP New York-based) Hearst Corp.) (NP-TMP this fall) (VP (VP plans (S (NP-SBJ *-1) (VP to (VP publish (NP (NP its first issue) (PP of (NP (NP-TTL 9 Months) , (NP (NP a magazine) (PP for (NP expectant mothers)))))))))) , and (VP has (ADVP already) (VP launched (NP American Home)))) .)) (TOP (S And (NP-SBJ Time Warner Inc.) (VP is (VP developing (NP (NP (NP a spinoff) (PP of (NP-TTL Time magazine))) (VP aimed (NP *) (PP-CLR at (NP kids)))) , (PP-LOC on (NP (NP the heels) (PP of (NP its successful (NAC-TTL Sports Illustrated (PP for (NP Kids))))))))) .)) (TOP (S (PP-TMP Over (NP the past four years)) , (NP-SBJ (NP the number) (PP of (NP consumer magazines))) (VP has (VP increased (PP-EXT by (NP (NP an average) (PP of (NP (NP 80 magazines) (ADVP-TMP annually))))) , (PP according (PP to (NP (NP Donald Kummerfeld) , (NP (NP president) (PP of (NP (NP the Magazine Publishers) (PP of (NP America)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD (NP an impressive show) (PP of (NP (NP faith) (PP in (NP (NP the future) (PP of (NP the magazine industry))))))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Kummerfeld) .)) (TOP (S `` (NP-SBJ-1 Entrepreneurs) (VP do n't (VP rush (S (NP-SBJ *-1) (VP to (VP get (PP-CLR into (NP a (ADJP stagnant or declining) industry))))))) . '')) (TOP (S And (PP despite (NP the recent tough advertising climate)) , (NP-SBJ (NP industry figures) (VP released (NP *) (PP-LOC at (NP (NP the meeting) (ADVP-LOC here))))) (VP indicate (SBAR 0 (S (NP-SBJ things) (VP may (VP be (VP turning (ADVP around))))))) .)) (TOP (S (PP-TMP For (NP the first nine months)) , (NP-SBJ (NP advertising pages) (PP-LOC in (NP (NP consumer magazines) (VP tracked (NP *) (PP by (NP-LGS the Publishers Information Bureau)))))) (VP increased (NP-EXT 4 %) (PP-DIR from (NP the same period) (NP-TMP last year)) , (PP-DIR to (NP 125,849 pages))) .)) (TOP (S (NP-SBJ (NP Total magazine ad revenue) (PP for (NP the same period))) (VP increased (NP-EXT 12 %) (PP-DIR to (NP (QP $ 4.6 billion) *U*))) .)) (TOP (S (SBAR-ADV Though (S (PP for (NP some magazines categories)) (NP-SBJ a tough advertising climate) (VP persists))) , (NP-SBJ the industry) (PP in (ADJP general)) (VP is (VP doing (ADVP-MNR well) (PP compared (PP with (NP the newspaper industry))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ some magazines) (VP are (VP thriving)))) , (NP-SBJ the magazine publishing industry) (VP remains (NP-PRD a risky business)) .)) (TOP (S (PP-TMP Within (NP the same nine months)) , (S (NP-SBJ News Corp.) (VP closed (PRT down) (NP (PP-TTL In (NP Fashion)) , (NP a once-promising (NP young woman 's) fashion magazine)))) , (S (NP-SBJ Drake Publications Inc.) (VP has (VP folded (NP the long-troubled Venture magazine)))) , and (S (NP-SBJ Lang Communications) (VP has (VP announced (SBAR 0 (S (NP-TTL-SBJ Ms. magazine) , (PP-TMP after (NP 17 years)) , (VP will (ADVP-TMP no longer) (VP carry (NP advertising) (PP-TMP as (PP of (NP January)))))))))) .)) (TOP (S (NP-SBJ-1 Lang) (VP (VP is (VP cutting (NP costs))) and (VP will (VP attempt (S (NP-SBJ *-1) (VP to (VP operate (NP the magazine) (PP-MNR with (NP only subscription revenue)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (S (NP-SBJ (NP American Health Partners) , (NP (NP publisher) (PP of (NP American Health magazine))) ,) (VP is (ADJP-PRD deep (PP-LOC in (NP debt))))) , and (S (NP-SBJ-1 (NP Owen Lipstein) , (NP (NP founder) and (NP managing partner)) ,) (VP is (VP being (VP forced (S (NP-SBJ *-1) (VP to (VP sell (NP the magazine) (PP-DTV to (NP (NP Reader 's) Digest Association Inc))))))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Lipstein 's) absence) (PP from (NP (NP the meeting) (ADVP-LOC here)))) (VP raised (NP speculation (SBAR that (S (NP-SBJ the sale) (VP is (PP-PRD in (NP trouble))))))) .)) (TOP (S (NP-SBJ Mr. Lipstein) (VP said (PP-LOC in (NP (NP a telephone interview) (PP from (NP New York)))) (SBAR that (S (NP-SBJ the sale) (VP was (VP proceeding (SBAR-MNR as (S (NP-SBJ-1 *) (VP planned (NP *-1))))))))) .)) (TOP (S `` (NP-SBJ The magazine) (VP is (ADJP-PRD strong)) .)) (TOP (S (S-TPC-3 (NP-SBJ It) (VP 's (ADVP simply) (NP-PRD (NP the right time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP do (SBAR-NOM (WHNP-1 what) (S (NP-SBJ we) (VP are (VP doing (NP *T*-1))))) (ADVP-TMP *T*-2)))))))) , '' (NP-SBJ Mr. Lipstein) (VP said (S *T*-3)) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 Magazines) (VP can (ADVP-TMP no longer) (VP be (VP considered (S (NP-SBJ *-1) (NP-PRD institutions)))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP James Autry) , (NP (NP president) (PP of (NP (NP Meredith Corp. 's) magazine group)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Publishers) (VP will (VP find (SBAR that (S (NP-SBJ some magazines) (VP (VP have (VP served (NP their purpose))) and (VP should (VP die)))))))) , '' (NP-SBJ he) (VP added (S *T*-1)) .)) (TOP (S `` (NP-SBJ Magazines) (VP could , (PP like (NP other brands)) , (VP find (SBAR that (S (NP-SBJ they) (VP have (NP only a limited life)))))) . '')) (TOP (S (NP-SBJ There) (VP are (ADVP also) (NP-PRD indications (SBAR that (S (NP-SBJ (NP the number) (PP of (NP (NP magazine entrepreneurs) , (VP (ADVP traditionally) depended (PP-CLR upon (NP *)) (S-PRP (NP-SBJ *) (VP to (VP break (NP new ground) (PP-MNR with (NP (ADJP potentially risky) start-ups)))))) ,))) (VP are (VP dwindling)))))) .)) (TOP (S (ADVP More than ever) , (NP-SBJ-1 (NP independent magazines) and (NP small publishing groups)) (VP are (VP being (VP gobbled (NP *-1) (PRT up) (PP by (NP-LGS (NP larger publishing groups) , (PP such as (NP (NP (NP American Express Publishing Corp.) , (NP (NP a unit) (PP of (NP American Express Co.)))) , and (NP (NP Conde Nast Publications Inc.) , (NP (NP a unit) (PP of (NP Advance Publications Inc.)))))) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP are (VP consolidating (SBAR-PRP in order (S (NP-SBJ *-3) (VP to (VP gain (NP (NP leverage) (PP with (NP advertisers)))))))))))))))) .)) (TOP (S (NP-SBJ Some entrepreneurs) (VP are (ADVP still) (ADJP-PRD active) , (ADVP though)) .)) (TOP (S (NP-SBJ (NP Gerry Ritterman) , (NP (NP president) (PP of (NP (ADJP New York-based) Network Publishing Corp.))) ,) (VP (ADVP-TMP earlier (NP this year)) sold (NP his Soap Opera Digest magazine) (PP-DTV to (NP (NP Rupert Murdoch 's) News Corp))) .)) (TOP (S (NP-SBJ Mr. Ritterman) (VP said (SBAR that (S (PP-TMP in (NP the next six months)) (NP-SBJ-1 he) (VP will (VP take (NP (QP $ 50 million) *U*) (PP-CLR from (NP the Soap Opera Digest sale)) (S-PRP (NP-SBJ *-1) (VP to (VP acquire (NP new magazines))))))))) .)) (TOP (S (NP-SBJ He) (VP would not (VP reveal (SBAR (WHNP-1 which magazines) (S (NP-SBJ he) (VP is (VP considering (NP *T*-1))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The magazines) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP am (VP looking (PP-CLR for (NP *T*-1))))))) (VP are (ADJP-PRD underdeveloped))) , '' (VP said (S *T*-2)) (NP-SBJ Mr. Ritterman) .)) (TOP (S `` (S (NP-SBJ They) (VP could (VP be (ADJP-PRD old or new)))) , but (S (NP-SBJ they) (VP are (NP-PRD (NP magazines) (SBAR (WHNP-2 whose editorial quality) (S (NP-SBJ-3 *T*-2) (VP needs (S (NP-SBJ-1 *-3) (VP to (VP be (VP improved (NP *-1))))))))))) .)) (TOP (S (NP-SBJ They) (VP will (VP be (NP-PRD the next hot magazines))) .)) (TOP (S (NP-SBJ MCA Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 its toy-making unit) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP Buddy L Corp.) , (NP (NP producer) (PP of (NP (NP a line) (PP of (NP (NP toy vehicles) and (NP preschool products)))))))))))))) .)) (TOP (S (S (NP-SBJ-1 The price) (VP was n't (VP disclosed (NP *-1)))) , but (S (NP-SBJ (NP an executive) (PP of (NP (NP LJN Toys Ltd.) , (NP the MCA unit) ,))) (VP said (SBAR 0 (S (NP-SBJ the (ADJP closely held) Buddy L) (VP had (NP (NP annual sales) (PP in (NP (NP excess) (PP of (NP (QP $ 20 million) *U*)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The 40-year-old Buddy L concern) , (VP based (NP *) (PP-CLR-LOC in (NP New York))) ,) (VP designs and develops (NP toys) (PP-MNR under (NP (NP the names) (NP `` (NP Buddy L) '' and `` (NP My First Buddy)))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ MCA) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ-2 the proposed transaction) (VP to (VP be (VP completed (NP *-2) `` (ADVP-TMP no later (PP than (NP Nov. 10))))))))))) .)) (TOP (S -LRB- (PP-TMP During (NP its centennial year)) , (NP-SBJ The Wall Street Journal) (VP will (VP report (NP (NP events) (PP of (NP the past century)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stand (PP-CLR as (NP (NP milestones) (PP of (NP American business history)))))))))) . -RRB-)) (TOP (S (NP-SBJ-1 FRANKLIN NATIONAL BANK) (VP (VP DIED (PP-TMP at (NP (NP (NP 3 p.m.) (NP EDT)) , (NP Oct. 8 , 1974) ,))) and (VP was (VP (ADVP-TMP promptly) resurrected (NP *-1) (PP-LOC under (NP new owners)) (S-PRP (NP-SBJ *) (VP to (VP shore (PRT up) (NP (NP confidence) (PP in (NP other banks)) (PP-TMP during (NP a recession))))))))) .)) (TOP (S (NP-SBJ (NP Arthur Burns) , (NP Federal Reserve Board chairman) ,) (VP said (SBAR 0 (S (NP-SBJ (NP (NP the government 's) `` luck '') (PP in (S-NOM (NP-SBJ *) (VP keeping (S (NP-SBJ the bank) (ADJP-PRD open)) -- (PP despite (S-NOM (NP-SBJ *) (VP being (NP-PRD the then-biggest U.S. bank failure)))) --)))) (VP prevented `` (NP shock waves) (PP-LOC (PP around (NP the country)) and (PP around (NP the world))))))) . '')) (TOP (S (NP-SBJ (NP Federal officials) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP been (VP probing (NP the bank) (PP-TMP for (NP months)))))))) (VP arranged (NP (NP a merger) (PP with (NP (NP European-American Bank & Trust) , (VP owned (NP *) (PP by (NP-LGS six foreign banks))) ,)) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP avert (NP the closedown))))))) .)) (TOP (S And (NP-SBJ federal insurance) (VP protected (NP (NP the bank 's) 631,163 depositors)) .)) (TOP (S (NP-SBJ The crisis) (VP had (VP peaked (PP-TMP on (NP (NP May 10 , 1974) , (SBAR (WHADVP-1 when) (S (NP-SBJ the bank) (VP disclosed (NP (NP `` severe '' foreign-exchange losses) (ADJP due (PP to (NP `` unauthorized '' trading)))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (S (NP-SBJ Massive withdrawals) (VP followed)) and (S (NP-SBJ there) (VP was (NP-PRD (NP a brief rescue attempt) , (PP with (NP political undertones)) , (PP including (NP (NP (QP $ 1.77 billion) *U*) (PP in (NP Federal Reserve loans))))))) .)) (TOP (S (PP-TMP Within (NP six years)) (NP-SBJ-1 many figures) (VP were (VP convicted (NP *-1) (PP-PRP for (NP (NP their illegal abuse) (PP of (NP Franklin funds)))))) .)) (TOP (S (PP-TMP In (NP June 1980)) , (NP-SBJ-1 (NP Michele Sindona) -- (NP (NP an Italian financier) (SBAR (WHNP-3 who) (S (PP-TMP in (NP July 1972)) (NP-SBJ *T*-3) (VP had (VP bought (NP (NP a (ADJP 22) % block) (PP of (NP (NP Franklin 's) stock))) (PP-CLR from (NP (NP Loews Corp.) , (VP headed (NP *) (PP by (NP-LGS Laurence A. Tisch)))))))))) --) (VP was (VP sentenced (NP *-1) (PP-CLR to (NP (NP 25 years) (PP-LOC in (NP prison)))) (PP-TMP after (S-NOM (NP-SBJ-2 *) (VP being (VP convicted (NP *-2) (PP-CLR of (NP fraud and perjury)))))))) .)) (TOP (SINV (VP-TPC-1 Included (NP *-2)) (VP was (VP *T*-1)) (NP-SBJ-2 the charge (SBAR that (S (NP-SBJ Sindona) (VP siphoned (NP (NP (QP $ 45 million) *U*) (PP of (NP Franklin funds))) (PP-PRP for (NP his other ventures)))))) .)) (TOP (S -LRB- (NP-SBJ-1 Sindona) (PP-TMP in (NP 1979)) (VP faked (NP (NP his `` kidnapping '') (PP-TMP for (NP 2 1 months))) (S-PRP (NP-SBJ *-1) (VP to (VP delay (NP his trial))))) . -RRB-)) (TOP (S (PP-TMP During (NP (NP 1976) (PP to (NP 1979)))) , (NP-SBJ-2 other former Franklin officials) (VP either (VP (VP pleaded (ADJP guilty (PP to (NP *RNR*-1)))) or (VP were (VP found (S (NP-SBJ *-2) (ADJP-PRD guilty (PP of (NP *RNR*-1)))))) (NP-1 (NP violations) (PP including (NP (NP phony transactions) (SBAR-PRP (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP hide (NP (NP the bank 's) losses)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Sindona) , (NP (NP the onetime Vatican financial adviser) (PP with (NP (NP reported links) (PP to (NP the Mafia))))) ,) (VP died (PP-TMP on (NP March 22 , 1986)) , (PP at (NP age 65)) , (PP-TMP (ADVP reportedly) after (S-NOM (NP-SBJ *-1) (VP drinking (NP cyanide-laced coffee) (PP-LOC in (NP an Italian prison)))))) .)) (TOP (S (NP-SBJ It) (VP happened (SBAR-TMP (NP-ADV four days) after (S (NP-SBJ-1 he) (VP was (VP sentenced (NP *-1) (PP-CLR to (NP (NP life) (PP-LOC in (NP prison)))) (PP-PRP for (S-NOM (NP-SBJ *-1) (VP ordering (NP a 1979 murder))))))))) .)) (TOP (S (NP-SBJ Italian magistrates) (VP labeled (S (NP-SBJ his death) (NP-PRD a suicide))) .)) (TOP (S (PP-LOC In (NP (NP a nondescript office building) (ADVP-LOC south (PP of (NP Los Angeles))))) , (NP-SBJ-1 human behavior) (VP is (VP being (VP (VP monitored (NP *-1)) , (VP dissected (NP *-1)) and , (VP (ADVP ultimately) , manipulated (NP *-1))))) .)) (TOP (S (NP-SBJ-1 A squiggly line) (VP snakes (PP-LOC-CLR across (NP a video screen)) , (S-ADV (NP-SBJ *-1) (VP gyrating (ADVP-MNR erratically) (SBAR-TMP as (S (NP-SBJ (NP subjects) (PP with (NP hand-held computers))) (VP register (NP (NP their second-by-second reactions) (PP to (NP (NP a speaker 's) remarks))))))))) .)) (TOP (S (NP-SBJ-1 (NP Agreement , disapproval , boredom and distraction) (NP all)) (VP can (VP be (VP inferred (NP *-1) (PP-CLR from (NP (NP (NP the subjects ') twist) (PP of (NP a dial))))))) .)) (TOP (S (PP-LOC In (NP another experiment)) , (NP-SBJ (NP an elaborate chart) (PP with (NP color codes))) (VP reveals (SBAR (SBAR (WHADVP-3 how) (S (NP-SBJ-1 (NP people 's) opinions) (VP were (VP shaped (NP *-1) (ADVP-MNR *T*-3))))) -- and (SBAR (WHADVP-4 how) (S (NP-SBJ-2 they) (VP can (VP be (VP reshaped (NP *-2) (ADVP-MNR *T*-4)))))))) .)) (TOP (S (NP-SBJ (NP Donald Vinson) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP oversees (NP the experiments)))) ,) (VP is n't (NP-PRD some white-coated researcher)) .)) (TOP (S (NP-SBJ He) (VP heads (NP (NP Litigation Sciences Inc.) , (NP (NP the nation 's) largest legal consulting firm) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP helping (S (NP-SBJ corporate America) (VP prepare (PP-CLR for (NP high-stakes litigation)))) (PP-MNR by (S-NOM (NP-SBJ *) (VP predicting and shaping (NP (NP jurors ') reactions)))))))))) .)) (TOP (S (PP In (NP the process)) , (NP-SBJ Litigation Sciences) (VP is (VP (ADVP-MNR quietly but inexorably) reshaping (NP (NP the world) (PP of (NP law))))) .)) (TOP (S (S (NP-SBJ *) (UCP-PRD (ADJP Little known (PP-LOC outside (NP the legal world))) but (NP (NP a powerhouse) (ADVP-LOC within )))) , (NP-SBJ (NP Litigation Sciences) , (NP (NP a unit) (PP of (NP Saatchi & Saatchi PLC))) ,) (VP employs (NP (QP more than 100) (NX (NX psychologists) , (NX sociologists) , (NX marketers) , (NX graphic artists) and (NX technicians)))) .)) (TOP (S (NP-SBJ (NP Twenty-one) (PP of (NP its workers))) (VP are (NP-PRD Ph. D.s)) .)) (TOP (S (PP-LOC Among (NP other services)) , (NP-SBJ the firm) (VP (VP provides (NP pre-trial opinion polls)) , (VP creates (NP (NP profiles) (PP of (NP `` ideal '' jurors)))) , (VP sets (PRT up) (NP (NP mock trials) and (NP `` shadow '' juries))) , (VP coaches (NP lawyers and witnesses)) , and (VP designs (NP courtroom graphics))) .)) (TOP (S (PP (ADVP Much) like (NP (NP their cohorts) (PP-LOC in (NP (NP political consulting) and (NP product marketing))))) , (NP-SBJ the litigation advisers) (VP encourage (S (NP-SBJ their clients) (VP to (VP (VP play (PRT down) (NP complex or ambiguous matters)) , (VP simplify (NP their messages)) and (VP provide (NP their target audiences) (PP-CLR with (NP (NP a psychological craving) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP make (NP the desired choice)))))))))))) .)) (TOP (S (PP With (S-NOM (NP-SBJ jury verdicts) (VP getting (ADJP-PRD bigger) (NP-TMP all the time)))) , (NP-SBJ companies) (VP are (ADJP-PRD increasingly willing (S (NP-SBJ *) (VP to (VP pay (NP huge sums) (PP-CLR for (NP such advice))))))) .)) (TOP (S (ADVP-TMP Recently) , (NP-SBJ Litigation Sciences) (VP helped (S (NP-SBJ Pennzoil Co.) (VP win (NP (NP a (ADJP (QP $ 10.5 billion) *U*) jury verdict) (PP against (NP Texaco Inc)))))) .)) (TOP (S (NP-SBJ It) (VP advised (NP the National Football League) (PP-CLR in (NP (NP its (ADJP largely successful) defense) (PP of (NP (NP antitrust charges) (PP by (NP the United States Football League))))))) .)) (TOP (S And (NP-SBJ it) (VP helped (VP win (NP defense verdicts) (PP in (NP (NP product-liability suits) (PP involving (NP (NP scores) (PP of (NP products)) , (VP ranging (PP-CLR from (NP Firestone 500 tires)) (PP-CLR to (NP (NP the anti-nausea drug) (NP Bendectin)))))))))) .)) (TOP (S (PP (ADVP Largely) as (NP a result)) , (NP-SBJ Litigation Sciences) (VP has (VP (ADVP more than) doubled (PP-CLR in (NP size)) (PP-TMP in (NP the past two years)))) .)) (TOP (S (NP-SBJ Its 1988 revenue) (VP was (NP-PRD (QP $ 25 million) *U*)) .)) (TOP (S (S (ADVP Meanwhile) , (NP-SBJ-1 competitors) (VP are (VP being (VP spawned (NP *-1) (ADVP-TMP almost daily))))) ; (S (NP-SBJ (NP (QP some 300) new businesses) -- (NP (NP many) (NP just one-person shops)) --) (VP have (VP sprung (PRT up)))) .)) (TOP (S (NP-SBJ Mr. Vinson) (VP estimates (SBAR 0 (S (NP-SBJ (NP the industry 's) total revenues) (VP approach (NP (QP $ 200 million) *U*))))) .)) (TOP (S (PP-LOC In (NP any high-stakes case)) , (NP-SBJ you) (VP can (VP be (ADJP-PRD sure (SBAR that (S (NP-SBJ (NP one side) or (NP the other) -- or (ADVP even) (NP both) --) (VP is (VP using (NP litigation consultants)))))))) .)) (TOP (S (PP Despite (NP their ubiquity)) , (NP-SBJ the consultants) (VP are n't (ADJP-PRD entirely welcome)) .)) (TOP (S (NP-SBJ Some lawyers and scholars) (VP see (NP (NP (NP the social scientists ') vision) (PP of (NP the American jury system))) (PP-CLR as (NP (NP a far cry) (PP from (NP (NP the ideal) (VP (VP presented (NP *) (PP-LOC in (NP civics texts))) and (VP memorialized (NP *) (PP-LOC on (NP the movie screen))))))))) .)) (TOP (S (PP-LOC In (NP (NP the film classic) `` (NP-TTL Twelve Angry Men))) , '' (NP-SBJ (NP the crucible) (PP of (NP deliberations))) (VP (VP unmasks (NP (NP each juror 's) bias)) and (VP purges (NP-1 it) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP playing (NP a role) (PP-LOC in (NP the verdict))))))) .)) (TOP (S (PP-TMP After (NP (NP hours) (PP of (NP conflict and debate)))) , (NP-SBJ that jury) (VP focuses (PP-CLR on (NP the facts)) (PP-MNR with (NP near-perfect objectivity))) .)) (TOP (S (S (PP-LOC In (NP real life)) , (NP-SBJ jurors) (VP may not (ADVP-TMP always) (VP work (NP-MNR that way)))) , but (S (NP-SBJ some court observers) (VP question (SBAR (WHADVP-2 why) (S (NP-SBJ-1 they) (VP should n't (VP (VP be (VP encouraged (S (NP-SBJ *-1) (VP to (VP do (ADVP so)))))) (CONJP rather than) (VP be (VP programmed (S (NP-SBJ *-1) not (VP to (VP *?*))))) (ADVP-PRP *T*-2))))))) .)) (TOP (S (NP-SBJ Litigation consulting) (VP is , (SBAR-ADV as (S (NP-SBJ New York trial attorney Donald Zoeller) (VP puts (NP it)))) , `` (ADJP-PRD highly manipulative)) . '')) (TOP (S (NP-SBJ He) (VP adds , `` (S (NP-SBJ (NP The notion) (SBAR (WHNP-2 0) (S (NP-SBJ-1 they) (VP try (S (NP-SBJ *-1) (VP to (VP sell (NP *T*-2)))))))) (VP is (SBAR-PRD that (S (NP-SBJ juries) (VP do n't (VP make (NP decisions) (ADVP-MNR rationally)))))))) .)) (TOP (S But (NP-SBJ-2 the effort (S *ICH*-1)) (VP is (ADVP also) (VP being (VP made (NP *-2) (S-1 (NP-SBJ *) (VP to (VP try) and (VP cause (S (NP-SBJ jurors) not (VP to (VP decide (NP things) (ADVP-MNR rationally)))))))))) .)) (TOP (S (NP-SBJ I) (VP find (S (NP-SBJ it) (ADJP-PRD troubling))) . '')) (TOP (S But (NP-SBJ Mr. Zoeller) (ADVP also) (VP acknowledges (SBAR that (S (NP-SBJ consultants) (VP can (VP be (ADJP-PRD very effective)))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ It) (VP 's (VP gotten (PP-CLR to (NP (NP the point) (SBAR (WHADVP-1 where) (S (SBAR-ADV if (S (NP-SBJ the case) (VP is (ADJP-PRD large enough)))) , (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (ADVP almost) (NP-PRD malpractice) (S-2 (NP-SBJ *) not (VP to (VP use (NP them)))) (ADVP-LOC *T*-1))))))))) , '' (NP-SBJ he) (VP says (S *T*-3)) .)) (TOP (S (NP-SBJ Others) (VP complain (SBAR that (S (NP-SBJ (NP the consultants ') growing influence) (VP exacerbates (NP (NP the advantage) (PP of (NP (NP litigants) (ADJP wealthy enough (S (NP-SBJ *) (VP to (VP afford (NP such pricey services)))))))))))) .)) (TOP (SINV `` (S-TPC-3 (S (NP-SBJ (NP The affluent people) and (NP the corporations)) (VP can (VP buy (NP it)))) , (S (NP-SBJ (NP the poor radicals) -LCB- (PP in (NP political cases)) -RCB-) (VP get (NP it) (ADVP-MNR free))) , and (S (NP-SBJ (NP everybody) (PP-LOC in (PP between))) (VP is (PP-PRD at (NP a disadvantage)))) , and (S (NP-SBJ that) (VP 's not (NP-PRD (NP (NP the kind) (PP of (NP system))) (SBAR (WHNP-2 0) (S (NP-SBJ we) (VP want (NP *T*-2)))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Amitai Etzioni) , (NP (NP a prominent sociologist) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP teaches (PP-LOC at (NP George Washington University))))))) .)) (TOP (S (NP-SBJ-1 Sophisticated trial consulting) (VP grew , (ADVP ironically) , (PP-CLR from (NP (NP the radical political movements) (PP of (NP the 1960s and 1970s)))) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP finding (NP its (ADJP more lucrative) calling) (PP-LOC in (NP big commercial cases)))))) .)) (TOP (S (NP-SBJ (NP The Harrisburg 7 trial) (PP-TMP in (NP 1972)) , (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 (NP Daniel Berrigan) and (NP others)) (VP were (VP charged (NP *-1) (PP-CLR with (S-NOM (NP-SBJ *) (VP plotting (NP anti-war-related violence)))) (PP-LOC *T*-2))))) ,) (VP was (NP-PRD a landmark)) .)) (TOP (S (PP-LOC In (NP that case)) , (NP-SBJ (NP a group) (PP of (NP left-leaning sociologists))) (VP interviewed (NP (NP 252 registered voters) (PP-LOC around (NP Harrisburg)))) .)) (TOP (S (S (NP-SBJ The researchers) (VP discovered (SBAR that (S (NP-SBJ (NP Episcopalians) , (NP Presbyterians) , (NP Methodists) and (NP fundamantalist Protestants)) (VP were (ADVP nearly always) (PP-PRD against (NP the defendants))))))) ; (S (NP-SBJ-1 the lawyers) (VP resolved (S (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP keep (S (NP-SBJ them) (PP-LOC-PRD off (NP the jury))))))))))) .)) (TOP (S (NP-SBJ The defense) (VP (ADVP also) learned (SBAR that (S (NP-SBJ college-educated people) (VP were (ADJP-PRD uncharacteristically conservative (PP about (NP the Vietnam War))))))) .)) (TOP (S (NP-SBJ A (ADJP more blue-collar) panel) (VP became (NP-PRD a second aim)) .)) (TOP (S (ADVP Ultimately) , (S (NP-SBJ that (ADJP carefully picked) jury) (VP deadlocked (PP-MNR with (NP (NP a 10-2 vote) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP acquit)))))))) , and (S (NP-SBJ-2 the prosecution) (VP decided (S (NP-SBJ *-2) not (VP to (VP retry (NP the case)))))) .)) (TOP (S (NP-SBJ Litigation consulting) (VP had (VP arrived)) .)) (TOP (S (NP-SBJ The fledgling science) (VP went (ADJP-PRD corporate) (PP-TMP in (NP (NP 1977) (SBAR (WHADVP-3 when) (S (NP-SBJ International Business Machines Corp.) (VP hired (NP (NP a marketing professor) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP help (S (NP-SBJ *-2) (VP defend (NP a complex antitrust case)))))))) (ADVP-TMP *T*-3))))))) .)) (TOP (S (NP-SBJ (NP The problem) (PP for (NP IBM trial lawyers Thomas Barr and David Boies))) (VP was (SBAR-PRD (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP make (S (NP-SBJ such a (ADJP highly technical) case) (ADJP-PRD understandable)) (ADVP-MNR *T*-1)))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ the trial) (VP progressed))) , (NP-SBJ-1 they) (VP were (ADJP-PRD eager (S (NP-SBJ *-1) (VP to (VP know (SBAR-ADV if (S (NP-SBJ the jury) (VP was (VP keeping (PRT up) (PP-CLR with (NP them))))))))))) .)) (TOP (S (NP-SBJ (NP The solution) (VP devised (NP *) (PP by (NP-LGS the professor)))) (VP was (S-PRD (NP-SBJ *) (VP to (VP hire (NP (NP six people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP would (VP (VP mirror (NP the actual jury) (ADVP-MNR demographically)) , (VP sit (PRT in) (PP-CLR on (NP the trial))) and (VP report (NP their reactions) (PP-CLR to (NP him)))))))))))) .)) (TOP (S (NP-SBJ He) (ADVP then) (VP briefed (NP (NP Messrs. Boies and Barr) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (NP the chance (S (NP-SBJ *) (VP to (VP tilt (NP (NP their next day 's) presentation) (ADVP-MNR accordingly)))))))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ-1 the `` shadow '' jury) (VP was (VP born (NP *-1))) .)) (TOP (S (NP-SBJ (NP Mr. Vinson) , (NP the professor) ,) (VP (VP got (NP the law bug)) and (VP formed (NP Litigation Sciences))) .)) (TOP (S -LRB- (NP-SBJ IBM) (VP won (NP the case)) . -RRB-)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The hardest thing) (PP in (NP any complex case))) (VP is (S-PRD (NP-SBJ *) (VP to (VP retain (NP (NP objectivity) and (PRN , (PP in (NP some sense)) ,) (NP your ignorance))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Boies) (PP of (NP Cravath , Swaine & Moore))) .)) (TOP (S `` (SBAR-NOM-SBJ (WHNP-2 What) (S (NP-SBJ you) (VP look (PP-CLR for (NP *T*-2)) (PP-LOC in (NP a shadow jury))))) (VP is (ADVP very much) (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ you) (VP do (NP *T*-1) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ you) (VP (VP give (NP an opening argument) (PP-DTV to (NP (NP your wife) or (NP a friend)))) and (VP get (NP (NP some response) (PP to (NP it)))) (ADVP-TMP *T*-3)))))))) .)) (TOP (S (NP-SBJ A shadow jury) (VP is (NP-PRD (NP a way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP do (NP that) (PP-MNR in (NP a (ADJP more systematic and organized) way)) (ADVP-MNR *T*-1))))))) . '')) (TOP (S (NP-SBJ The approach) (VP worked (ADVP-MNR well) (PP-LOC in (NP (NP (NP the recent antitrust case) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ Energy Transportation Systems Inc.) (VP sued (NP Santa Fe Pacific Corp.) (PP-CLR over (NP (NP the transport) (PP of (NP semi-liquefied coal)))) (PP-LOC *T*-1))))) -- (NP (NP (NP the kind) (PP of (NP case))) (ADJP likely (S (NP-SBJ *) (VP to (VP make (S (NP-SBJ (NP almost anyone 's) eyes) (VP glaze (ADVP-CLR over))))))))))) .)) (TOP (S (NP-SBJ Energy Transportation) (VP retained (NP (NP Litigation Sciences) (PRN , (PP at (NP (NP a cost) (PP of (NP (QP several hundred thousand) dollars)))) ,) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP poll , pre-try , profile and shadow)))))) .)) (TOP (S (PP-TMP (ADVP Just) before (NP the actual closing arguments)) , (NP-SBJ the firm) (VP put (NP the case) (PP-CLR to (NP (NP a vote) (PP of (NP (NP the five shadow jurors) , (SBAR (WHNP-2 (NP each) (WHPP of (WHNP whom))) (S (NP-SBJ-1 *T*-2) (VP was (VP being (VP paid (NP *-1) (NP (NP $ 150 *U*) (NP-ADV a day)))))))))))) .)) (TOP (S (NP-SBJ (NP The jurors) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP did n't (VP know (SBAR (WHNP-2 which side) (S (NP-SBJ *T*-2) (VP had (VP retained (NP them))))))))) ,) (VP (VP decided (PP-CLR for (NP Energy Transportation))) , and (VP awarded (NP (NP (QP $ 500 million) *U*) (PP in (NP damages))))) .)) (TOP (S (NP-SBJ The real jury) (VP returned (ADVP-TMP (NP days) later) (PP with (NP (NP a (ADJP (QP $ 345 million) *U*) victory) (PP for (NP Energy Transportation))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (PP-PRD (ADVP just) like (NP weather forecasting)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Energy Transportation trial attorney Harry Reasoner) (PP of (NP Vinson & Elkins))) .)) (TOP (S `` (S (NP-SBJ It) (VP 's (ADVP-TMP often) (ADJP-PRD wrong))) , but (S (NP-SBJ it) (VP 's (ADJP-PRD better (PP than (S-NOM (NP-SBJ *) (VP consulting (NP an Indian rain dancer))))))) . '')) (TOP (S (NP-SBJ Forecasting) (VP is (NP-PRD (NP only one part) (PP of (NP (NP Litigation Sciences ') work)))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Changing (NP (NP the outcome) (PP of (NP the trial))))) (VP is (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ *T*-1) (VP (ADVP really) matters)))) .)) (TOP (S And (PP to (NP the uninitiated)) , (NP-SBJ (NP some) (PP of (NP (NP the firm 's) approaches))) (VP may (VP seem (ADJP-PRD chillingly manipulative))) .)) (TOP (S (ADVP Theoretically) , (NP-SBJ-1 jurors) (VP are (VP supposed (S (NP-SBJ *-1) (VP to (VP weigh (NP (NP the evidence) (PP-LOC in (NP a case))) (ADVP-MNR logically and objectively)))))) .)) (TOP (S-1 (ADVP Instead) (PRN , (S (NP-SBJ Mr. Vinson) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP interviews) (PP with (NP (NP thousands) (PP of (NP jurors))))) (VP reveal (SBAR that (S (NP-SBJ-2 they) (VP (VP start (PP-MNR with (NP (ADJP firmly entrenched) attitudes))) and (VP try (S (NP-SBJ *-2) (VP to (VP shoe-horn (NP (NP the facts) (PP of (NP the case)) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP fit (NP their views)))))))))))))) .)) (TOP (S (NP-SBJ Pre-trial polling) (VP helps (S (NP-SBJ the consultants) (VP develop (NP (NP a profile) (PP of (NP (NP the right type) (PP of (NP juror)))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ it) (VP is (NP-PRD (NP a case) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ the client) (VP seeks (NP punitive damages) (PP-LOC *T*-1)))))))) , (PP for (NP example)) , (NP-SBJ-2 depressed , underemployed people) (VP are (ADJP-PRD (ADVP far more) likely (S (NP-SBJ *-2) (VP to (VP grant (NP them)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Someone) (PP with (NP (NP (NP a master 's) degree) (PP in (NP classical arts)))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP works (PP-LOC in (NP a deli)))))) (VP would (VP be (ADJP-PRD ideal)))) , (NP-SBJ Litigation Sciences) (VP advises (SBAR 0 (S *T*-2))) .)) (TOP (SINV (ADVP-PRD-TPC-1 So) (VP would (VP *?* (ADVP-PRD *T*-1))) (NP-SBJ (NP someone) (ADJP recently divorced or widowed)) .)) (TOP (S -LRB- (SBAR-PRP Since (S (NP-SBJ Litigation Sciences) (VP (ADVP generally) represents (NP the defense)))) , (NP-SBJ its job) (VP is (ADVP usually) (S-PRD (NP-SBJ *) (VP to (VP help (S (NP-SBJ the lawyers) (VP (VP identify (NP *RNR*-1)) and (VP remove (NP *RNR*-1) (PP *ICH*-2)) (NP-1 such people) (PP-2 from (NP the jury)))))))) . -RRB-)) (TOP (S (PP For (NP personal-injury cases)) , (NP-SBJ Litigation Sciences) (VP seeks (NP (NP defense jurors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP believe (SBAR that (S (NP-SBJ (NP most people) , (PP including (NP victims)) ,) (VP get (SBAR-NOM (WHNP-2 what) (S (NP-SBJ they) (VP deserve (NP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ Such people) (ADVP also) (VP (ADVP typically) hold (NP negative attitudes) (PP-CLR toward (NP (NP the physically handicapped) , (NP the poor) , (NP blacks) and (NP women)))) .)) (TOP (S (NP-SBJ-1 The consultants) (VP help (S (NP-SBJ the defense lawyers) (VP find (NP such jurors))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP asking (NP (NP questions) (PP about (NP (NP (NP potential jurors ') attitudes) (PP (PP toward (NP volunteer work)) , or (PP toward (NP particular movies or books)))))))))) .)) (TOP (S (NP-SBJ Litigation Sciences) (VP does n't (VP make (NP moral distinctions))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ a client) (VP needs (NP prejudiced jurors)))) , (NP-SBJ-1 the firm) (VP will (VP help (S (NP-SBJ *-1) (VP find (NP them))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ Mr. Vinson) (VP explains (NP it)))) , `` (NP-SBJ We) (VP do n't (VP control (NP the facts))) .)) (TOP (S (NP-SBJ They) (VP are (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ they) (VP are (NP-PRD *T*-1))))) .)) (TOP (S But (NP-SBJ any lawyer) (VP will (VP select (NP (NP the facts) and (NP (NP the strategy) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP employ (NP *T*-1))))))))) .)) (TOP (S (PP-LOC In (NP (NP our system) (PP of (NP advocacy)))) , (NP-SBJ-1 the trial lawyer) (VP is (ADJP-PRD duty bound (S (NP-SBJ *-1) (VP to (VP present (NP (NP the best case) (SBAR (WHNP-2 0) (S (NP-SBJ he) (ADVP possibly) (VP can (VP *?* (NP *T*-2))))))))))) . '')) (TOP (S (SBAR-TMP Once (S (NP-SBJ-1 a jury) (VP is (VP selected (NP *-1))))) , (NP-SBJ-2 the consultants) (ADVP often) (VP continue (S (NP-SBJ-4 *-2) (VP to (VP (VP determine (SBAR (WHNP-3 what) (S (NP-SBJ (NP the jurors ') attitudes) (VP are (ADJP-PRD likely (S (NP-SBJ *) (VP to (VP be (NP-PRD *T*-3))))))))) and (VP help (S (NP-SBJ *-4) (VP shape (NP (NP the lawyers ') presentation) (ADVP-MNR accordingly)))))))) .)) (TOP (S (NP-SBJ Logic) (VP plays (NP a minimal role) (NP-LOC here)) .)) (TOP (SINV (ADJP-PRD-TPC-2 More important) (VP are (ADJP-PRD *T*-2)) (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ LSI) (VP calls (S (NP-SBJ *T*-1) (NP-PRD `` (NP psychological anchors) '' -- (NP (NP a few focal points) (VP calculated (NP-3 *) (S-PRP (NP-SBJ *-3) (VP to (VP appeal (PP-CLR to (NP the jury)) (PP-LOC on (NP a gut level)))))))))))) .)) (TOP (S (PP-LOC In (NP one personal-injury case)) , (S (NP-SBJ a woman) (VP claimed (SBAR 0 (S (NP-SBJ-1 she) (VP had (VP been (VP injured (NP *-1) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ she) (VP slipped (PP-LOC in (NP a pool)) (ADVP-TMP *T*-3))))))))))) , but (S (NP-SBJ the fall) (VP did n't (VP explain (SBAR (WHADVP-4 why) (S (NP-SBJ-2 (NP one) (PP of (NP her arms))) (VP was (VP discolored (NP-5 *-2) (S-ADV (NP-SBJ *-5) (ADJP-PRD bluish)) (ADVP-PRP *T*-4)))))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP (ADVP repeatedly) drawing (NP (NP the jury 's) attention) (PP-CLR to (NP the arm))))) , (NP-SBJ-1 the defense lawyers) (VP planted (NP (NP doubt) (PP about (NP (NP the origin) (PP of (NP (NP the woman 's) injuries)))))) .)) (TOP (S (NP-SBJ The ploy) (VP worked) .)) (TOP (S (NP-SBJ The defense) (VP won) .)) (TOP (S (PP-LOC In (NP (NP a classic defense) (PP of (NP a personal-injury case)))) , (NP-SBJ the consultants) (VP concentrate (PP-CLR on (S-NOM (NP-SBJ *) (VP encouraging (S (NP-SBJ the jury) (VP to (VP shift (NP the blame)))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP The ideal defense) (PP-LOC in (NP (NP a case) (PP involving (NP an accident))))) (VP is (S-PRD (NP-SBJ *) (VP to (VP persuade (NP-1 the jurors) (S (NP-SBJ *-1) (VP to (VP hold (S (NP-SBJ the accident victim) (ADJP-PRD responsible (PP for (NP his or her plight)))))))))))) , '' (NP-SBJ Mr. Vinson) (VP has (VP written (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Slick graphics) , (VP pre-tested (NP *) (PP-PRP for (NP effectiveness))) ,) (ADVP also) (VP play (NP (NP a major role) (PP-LOC in (NP (NP Litigation Sciences ') operation)))) .)) (TOP (S-1 (NP-SBJ Studies) (VP show (PRN , (S (NP-SBJ the consultants) (VP say (SBAR 0 (S *T*-1)))) ,) (SBAR that (S (NP-SBJ people) (VP (VP absorb (NP information) (ADVP-MNR better)) and (VP remember (NP it) (ADVP longer)) (SBAR-ADV if (S (NP-SBJ they) (VP receive (NP it) (ADVP-MNR visually)))))))) .)) (TOP (S (NP-SBJ Computer-generated videos) (VP help) .)) (TOP (S `` (NP-SBJ The average American) (VP watches (NP (NP seven hours) (PP of (NP TV)) (NP-ADV a day))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ They) (VP are (ADJP-PRD very visually sophisticated))) , '' (VP explains (S *T*-1)) (NP-SBJ LSI graphics specialist Robert Seltzer) .)) (TOP (S (NP-SBJ Lawyers) (VP remain (ADJP-PRD divided (PP about (SBAR whether (S (NP-SBJ anything) (VP is (ADJP-PRD wrong (PP with (NP all this))))))))) .)) (TOP (S (S (NP-SBJ Supporters) (VP acknowledge (SBAR that (S (NP-SBJ-1 the process) (VP aims (S (NP-SBJ *-1) (VP to (VP manipulate)))))))) , but (S (NP-SBJ they) (VP insist (SBAR that (S (NP-SBJ the best trial lawyers) (VP have (ADVP-TMP always) (VP employed (NP similar tactics))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ-1 They) (VP may not (VP have (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP articulate (NP (NP it) (NP all)))))))))) , but (S (NP-SBJ they) (VP did (NP it)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Stephen Gillers) , (NP (NP a legal ethics expert) (PP-LOC at (NP New York University law school)))) .)) (TOP (S `` (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ you) (VP have (NP *T*-1) (NP-LOC here)))) (VP is (NP-PRD (NP intuition) (VP made (S (NP-SBJ *) (ADJP-PRD manifest))))) . '')) (TOP (S (NP-SBJ Many lawyers) (VP maintain (SBAR that (S (NP-SBJ all) (VP 's (ADJP-PRD fair) (PP-LOC in (NP the adversary system)) (ADVP-TMP as long (SBAR as (S (NP-SBJ no one) (VP tampers (PP-CLR with (NP the evidence)))))))))) .)) (TOP (S (NP-SBJ Others) (VP point (PRT out) (SBAR that (S (NP-SBJ (NP lawyers) (PP-LOC in (NP small communities))) (VP have (ADVP-TMP always) (VP (VP had (NP (NP a feel) (PP for (NP public sentiment)))) -- and (VP used (NP that) (PP-MNR to (VP advantage)))))))) .)) (TOP (S (NP-SBJ Litigation consulting) (VP is n't (NP-PRD (NP a guarantee) (PP of (NP a favorable outcome)))) .)) (TOP (S (NP-SBJ Litigation Sciences) (VP concedes (SBAR that (S (PP-LOC in (NP (QP one in 20) cases)) (NP-SBJ it) (VP was (ADJP-PRD flatout wrong (PP in (NP its predictions))))))) .)) (TOP (S (NP-SBJ A few attorneys) (VP offer (NP (NP horror stories) (PP (PP of (NP (NP jobs) (VP botched (NP *) (PP by (NP-LGS consultants))))) or (PP of (NP overpriced services))) -- (PP as (SBAR (WHADVP when) (S (NP-SBJ one lawyer) (VP (VP paid (NP-1 (NP a consultant) (PRN -LRB- (PP-LOC not at (NP Litigation Sciences)) -RRB-)) (NP $ 70,000 *U*) (S-CLR (NP-SBJ *-1) (VP to (VP interview (NP a jury) (PP-TMP after (NP a big trial)))))) and (VP (ADVP-TMP later) read (NP (NP (ADJP more informative) interviews) (PP with (NP the same jurors))) (PP-LOC in (NP The American Lawyer magazine))))))))) .)) (TOP (S (NP-SBJ Some litigators) (VP scoff (PP-CLR at (NP the notion (SBAR that (S (NP-SBJ a sociologist) (VP knows (NP (NP more) (SBAR than (S (NP-SBJ they) (VP do))) (PP about (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP makes (S (NP-SBJ a jury) (VP tick))))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ (NP The essence) (PP of (S-NOM (NP-SBJ *) (VP being (NP-PRD a trial lawyer))))) (VP is (S-PRD (NP-SBJ *) (VP understanding (SBAR (WHADVP-2 how) (S (NP-SBJ (NP people) (PP of (NP diverse backgrounds))) (VP react (PP-CLR to (NP (NP you) and (NP your presentation))) (ADVP-MNR *T*-2)))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Barry Ostrager) (PP of (NP Simpson Thacher & Bartlett)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP recently) (VP won (NP (NP a huge case) (PP on (NP (NP behalf) (PP of (NP insurers)))) (PP against (NP Shell Oil Co))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ he) (VP (VP used (NP consultants) (PP-LOC in (NP the case))) but `` (VP found (S (NP-SBJ them) (VP to (VP be (ADJP-PRD virtually useless))))))))) . '')) (TOP (S But (NP-SBJ most lawyers) (VP accept (SBAR that (S (NP-SBJ the marketplace) (VP has (VP spoken))))) .)) (TOP (S And (NP-SBJ (NP the question) (SBAR *ICH*-1)) (VP remains (SBAR-1 whether (S (NP-SBJ-2 the jury system) (VP can (VP maintain (NP its integrity) (SBAR-TMP while (S (NP-SBJ *-2) (VP undergoing (NP such a skillful massage))))))))) .)) (TOP (S (PP-TMP For (NP (QP more than a) decade)) , (NP-SBJ (NP Mr. Etzioni) , (NP the sociologist) ,) (VP has (VP been (NP-PRD (NP a leading critic) (PP of (NP the masseurs))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ There) (VP 's (NP-PRD (NP no reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP believe (SBAR that (S (NP-SBJ juries) (VP rule (ADVP-MNR inappropriately)))) (ADVP-PRP *T*-1)))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S `` But (NP-SBJ (NP the last thing) (SBAR (WHNP-1 0) (S (NP-SBJ-2 you) (VP want (S (NP-SBJ *-2) (VP to (VP do (NP *T*-1)))))))) (VP is (S-PRD (NP-SBJ-3 *) (VP manipulate (NP the subconscious) (S-PRP (NP-SBJ *-3) (VP to (VP make (S (NP-SBJ them) (VP think (ADVP-MNR better))))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ you) (ADVP-TMP then) (VP do (NP *T*-1)))) (VP is (SBAR-PRD 0 (S (NP-SBJ you) (VP make (S (NP-SBJ them) (VP think (ADVP-MNR inappropriately))))))) . '')) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP hamper (NP (NP the work) (PP of (NP litigation scientists)))))) , (NP-SBJ he) (VP suggests (SBAR that (S (NP-SBJ courts) (VP (ADVP-MNR sharply) limit (NP (NP (NP the number) (PP of (NP jurors))) (SBAR (WHNP-2 that) (S (NP-SBJ lawyers) (VP can (VP remove (NP *T*-2) (PP-CLR from (NP the jury panel)) (PP-MNR through (NP (NP so-called peremptory challenges) -- (NP (NP exclusions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do n't (VP require (NP explanations))))))))))))))))) .)) (TOP (S (PP-LOC In (NP most civil cases)) , (NP-SBJ judges) (VP allow (NP each side) (NP three such challenges)) .)) (TOP (S (PP For (NP complex cases)) , (NP-SBJ judges) (ADVP-TMP sometimes) (VP allow (NP many more)) .)) (TOP (S (NP-SBJ Mr. Etzioni) (ADVP also) (VP suggests (S (NP-SBJ *) (VP forbidding (NP-1 anyone) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP gathering (NP (NP background information) (PP about (NP the jurors))))))))) .)) (TOP (S -LRB- (S (NP-SBJ Some courts) (VP release (NP names and addresses))) , and (S (NP-SBJ researchers) (VP can (VP (VP drive (PP-LOC by (NP houses))) , (VP look (PRT up) (NP credit ratings)) , and (VP (ADVP even) question (NP neighbors))))) . -RRB-)) (TOP (S-1 (ADVP Furthermore) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 psychologists) (VP should not (VP be (VP allowed (S (NP-SBJ *-2) (VP to (VP analyze (NP (NP jurors ') personalities))))))) .)) (TOP (S (NP-SBJ (NP Even some lawyers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP used (NP consultants) (PP-CLR to (NP their advantage))))))) (VP see (NP a need (S (NP-SBJ *) (VP to (VP limit (NP their impact)))))) .)) (TOP (S (NP-SBJ (NP Mr. Boies) , (NP (NP the first lawyer) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP use (NP (NP Mr. Vinson 's) services)))))) ,) (VP cautions (PP-CLR against (S-NOM (NP-SBJ courts ') (VP (VP allowing (NP (NP extensive jury questioning) (PRN -LRB- (VP known (NP *) (PP-CLR as (NP voir dire))) -RRB-))) or (VP giving (PRT out) (NP (NP personal information) (PP about (NP the jurors)))))))) .)) (TOP (S `` (S-TPC-1 (S (X-ADV (X The (ADJP more extensive)) (NP the voir dire)) , (X the easier) (NP-SBJ you) (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (ADJP-PRD *?*) (SBAR-2 for (S (NP-SBJ (NP that kind) (PP of (NP research))) (VP to (VP be (ADJP-PRD effective)))))))) , and (S (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ courts) (VP should (VP lend (NP themselves) (PP-CLR to (NP that)))))))))) , '' (NP-SBJ Mr. Boies) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Silicon Graphics Inc.) , (NP (NP a fast-growing maker) (PP of (NP computer workstations))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP landed (NP (NP two federal government contracts) (ADJP worth (NP (NP (QP more than $ 100 million) *U*) (PP-TMP over (NP the next five years))))))))) .)) (TOP (S (NP-SBJ-1 One award) (VP (VP is (NP-PRD (NP part) (PP of (NP (NP a (NAC Department (PP of (NP Defense))) contract) (PP to (NP Loral Rolm Mil-Spec Computers)))))) and (VP could (VP be (VP valued (NP *-1) (PP-CLR at (NP (NP (QP more than $ 100 million) *U*) (PP-TMP over (NP five years)))))))) .)) (TOP (S (NP-SBJ The other) (VP involves (NP (NP the) sale (PP of (NP (NP (QP about 35)) (PP of (NP (NP the company 's) high-end workstations)))) (PP to (NP (NP the National Institutes) (PP of (NP Health)))))) .)) (TOP (S (NP-SBJ-1 (NP The models) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP cost (NP (NP (QP about $ 75,000) *U*) (NP-ADV each))))) ,) (VP will (VP be (VP used (NP *-1) (PP-CLR in (NP research))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The awards) (VP are (NP-PRD evidence (SBAR that (S (NP-SBJ (NP (NP Silicon Graphics ') approach) (PP to (NP computer graphics))) (VP is (VP catching (PRT on) (PP-CLR with (NP (NP users) (PP of (NP powerful desktop computers))))))))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The company) (VP 's (PP-PRD on (NP a roll)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Robert Herwick) , (NP (NP an analyst) (PP-LOC at (NP Hambrecht & Quist)))) .)) (TOP (S `` (NP-SBJ No other -LCB- computer -RCB- vendor) (VP offers (NP (NP graphics performance) (ADJP that good)) (PP for (NP their price))) . '')) (TOP (S (PP-LOC In (NP (NP the battle) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP supply (NP desktop computers) (PP for (NP (NP researchers) and (NP design engineers))))))))) , (NP-SBJ-1 (NP most) (PP of (NP the attention))) (VP is (VP given (NP *-1) (PP-DTV to (NP (NP the biggest competitors) : (NP (NP (NP Sun Microsystems Inc.) , (NP Hewlett-Packard Co.) and (NP Digital Equipment Corp.)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP make (NP (NP computers) (VP (ADVP mainly) aimed (NP *) (PP-CLR at (NP (NP a wide range) (PP of (NP (UCP engineering and scientific) needs)))))))))))))) .)) (TOP (S (NP-SBJ Silicon Graphics) , (PP on (NP the other hand)) , (VP has (VP targeted (NP (NP a specific niche) (SBAR *ICH*-1)) (PP-TMP since (NP (NP its inception) (PP-TMP in (NP 1982)))) , (SBAR-1 (WHNP-3 which) (S (NP-SBJ-2 *T*-3) (VP has (VP been (VP dubbed (NP *-2) (PP by (NP-LGS some)) (PP-CLR as `` (NP motion-picture computing))))))))) . '')) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP a style) (PP of (NP `` visual '' computing)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP provides (NP (NP three-dimensional , color models) (PP of (NP (NP everything) (PP (PP from (NP (NP the inside) (PP of (NP a house)))) (PP to (NP (NP the latest) (PP-LOC in (NP (NP women 's) fashion))))))))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ Silicon Graphics) (VP is (ADJP-PRD much smaller (PP than (NP Digital , Hewlett and Sun)))))) , (NP-SBJ it) (VP has (VP emerged (PP-TMP in (NP recent years)) (PP-CLR as (NP (NP a feared adversary) (PP-LOC in (NP (NP this graphics portion) (PP of (NP the workstation market)))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 the company) (VP has (VP made (S (NP-SBJ it) (ADJP-PRD tough (PP on (NP competitors)))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP offering (NP (NP a stream) (PP of (NP desktop computers))) (PP-CLR at (NP (ADJP sharply lower) prices))))))) .)) (TOP (S (ADVP-TMP (NP A year) ago) , (NP-SBJ Silicon Graphics) (VP introduced (NP (NP a model) (VP priced (NP *) (PP-CLR at (NP (NP $ 15,000 *U*) -- (ADJP (ADJP almost as cheap) (PP as (NP (NP mainstream workstations) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do n't (VP offer (NP special graphics features))))))))))))) .)) (TOP (S (NP-SBJ-1 Silicon Graphics) (ADVP also) (VP plans (S (NP-SBJ *-1) (VP to (VP unveil (NP (ADJP even less expensive) machines) (PP-TMP in (NP the near future)))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD pretty safe) (S-1 (NP-SBJ *) (VP to (VP assume (SBAR 0 (S (NP-SBJ we) (VP can (VP bring (NP (NP the cost) (PP *ICH*-2)) (PRT down) (PP-2 of (NP these systems)) (PP-EXT by (NP (NP (QP 30 % to 40) %) (NP-ADV a year)))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Edward McCracken) , (NP (NP the company 's) chief executive officer)) .)) (TOP (S (NP-SBJ-1 (NP Silicon Graphics ') strategy) (VP seems (S (NP-SBJ *-1) (VP to (VP be (VP paying (PRT off)))))) .)) (TOP (S (NP-SBJ (NP Revenue) (PP for (NP (NP its first quarter) (VP ended (NP-TMP Sept. 30))))) (VP was (NP-PRD (NP (QP $ 86.4 million) *U*) , (NP (NP a (ADJP 95) % increase) (PP-TMP over (NP the year-ago period))))) .)) (TOP (S (NP-SBJ Profit) (VP was (NP-PRD (NP (QP $ 5.2 million) *U*) , (PP compared (PP with (NP (NP (QP $ 1 million) *U*) (PP for (NP the year-ago quarter))))))) .)) (TOP (SQ (NP-SBJ *) (VP Remember (NP (NP those bulky , thick-walled refrigerators) (PP of (ADVP-TMP (NP 30 years) ago)))) ?)) (TOP (S (NP-SBJ (NP They) , or (NP (ADVP at least) (NP something) (ADJP less efficient (PP than (NP (NP today 's) thin-walled units)))) ,) (VP may (ADVP-TMP soon) (VP be (VP making (NP a comeback)))) .)) (TOP (S (NP-SBJ (NP That something) (PRN , (SBAR (WHADVP-2 whatever) (S (NP-SBJ it) (VP is (NP-PRD *T*-2)))) ,)) (VP could (VP add (NP (QP as much as $ 100) *U*) (PP-CLR to (NP (NP the $ 600 *U* (QP or so)) (SBAR (WHNP-1 0) (S (NP-SBJ consumers) (VP (ADVP-TMP now) pay (NP *T*-1) (PP-CLR for (NP lower-priced refrigerators))))))))) .)) (TOP (S (NP-SBJ (NP These) and (NP (NP other expensive changes) (PP in (NP (NP products) (VP ranging (PP-CLR from (NP auto air conditioners)) (PP-CLR (PP to (NP foam cushioning)) (PP to (NP commercial solvents)))))))) (VP are (PP-PRD in (NP prospect)) (PP-PRP because of (NP (NP something) (VP called (S (NP-SBJ *) (NP-PRD (NP the Montreal Protocol) , (VP signed (NP *) (PP by (NP-LGS 24 nations)) (PP-TMP in (NP 1987))))))))) .)) (TOP (S (PP-LOC In (NP (NP (NP one) (PP of (NP (NP the (ADJP most sweeping) environmental regulatory efforts) (PP to (NP date))))) -- (PP involving (NP (NP products) (PP with (NP (NP an annual value) (PP of (NP (NP (QP $ 135 billion) *U*) (PP-LOC in (NP (NP the U.S.) (ADVP alone))))))))) --)) (NP-SBJ-1 the signatories) (VP agreed (S (NP-SBJ *-1) (VP to (VP curtail (ADVP-MNR sharply) (NP (NP the use) (PP of (NP (NP chlorofluorocarbons) (PRN -LRB- (NP CFCs) -RRB-)))))))) .)) (TOP (S (NP-SBJ-1 World-wide production) (VP would (VP be (VP cut (NP *-1) (PP-CLR in (NP half)) (PP-TMP by (NP 1998))))) .)) (TOP (S (NP-SBJ The U.S. Senate) (VP liked (NP the treaty) (ADVP so well (SBAR 0 (S (NP-SBJ it) (VP ratified (NP it) (PP-MNR by (NP (NP a vote) (PP of (NP (NP 89) (PP to (NP 0))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) Not (VP to (VP be (VP outdone (NP *-1))))) , (NP-SBJ-2 George Bush) (VP wants (S (NP-SBJ CFCs) (VP (VP banished (NP *) (ADVP-MNR altogether) (PP-TMP by (NP the year 2000))) , (NP (NP a goal) (VP endorsed (NP *) (PP-LOC at (NP (NP an 80-nation U.N. environmental meeting) (PP-LOC in (NP Helsinki)) (PP-TMP in (NP the spring))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP a lot) (PP of (NP banishment))) , (SBAR-ADV as (S (NP-SBJ it) (VP turns (PRT out))))) .)) (TOP (S (NP-SBJ CFCs) (VP are (NP-PRD (NP the primary ingredient) (PP-LOC in (NP (NP a gas) , (VP (ADVP-TMP often) referred (PP-CLR to (NP *) ) (PP by (NP-LGS (NP the Du Pont trade name) (NP Freon)))) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP compressed (NP *-1) (PP-CLR to (NP liquid form)) (S-PRP (NP-SBJ *) (VP to (VP serve (PP-CLR as (NP (NP the cooling agent) (PP-LOC in (NP refrigeration and air-conditioning equipment))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Gases) (VP containing (NP CFCs))) (VP are (VP pumped (NP *-1) (PP-DIR into (NP polyurethane)) (S-PRP (NP-SBJ *) (VP to (VP make (NP (NP the foam) (VP used (NP *) (PP-CLR in (NP pillows , upholstery and insulation))))))))) .)) (TOP (S (NP-SBJ Polyurethane foam) (VP is (NP-PRD a (ADJP highly efficient) insulator) , (SBAR-ADV (WHNP-2 which) (S (NP-SBJ *T*-2) (VP accounts (PP-CLR for (SBAR (WHADVP-4 why) (S (NP-SBJ (NP the walls) (PP of (NP refrigerators and freezers))) (VP can (VP be (ADJP-PRD (ADJP thinner) (ADVP-TMP now) (SBAR than (S (NP-SBJ they) (VP were (ADJP-PRD *?*) (PP-TMP (ADVP back) in (NP (NP the days) (SBAR (WHADVP-3 when) (S (NP-SBJ-1 they) (VP were (VP insulated (NP *-1) (PP-MNR with (NP glass fiber)) (ADVP-TMP *T*-3))))))))))) (ADVP-PRP *T*-4)))))))))) .)) (TOP (S But (SBAR-ADV even though (S (PP by (NP some estimates)) (NP-SBJ it) (VP might (VP cost (NP-1 the world) (NP (QP as much as $ 100 billion) *U*) (PP-TMP between (NP (NP now) and (NP the year 2000))) (S-CLR (NP-SBJ *-1) (VP (VP to (VP convert (PP-CLR to (NP (NP other coolants) , (NP foaming agents) and (NP solvents))))) and (VP to (VP redesign (NP equipment) (PP for (NP these (ADJP less efficient) substitutes)))))))))) , (NP-SBJ (NP (NP the Montreal Protocol 's) legions) (PP of (NP supporters))) (VP say (SBAR 0 (S (NP-SBJ it) (VP is (ADJP-PRD worth (NP it)))))) .)) (TOP (S (NP-SBJ They) (VP insist (SBAR that (S (NP-SBJ CFCs) (VP are (VP damaging (NP (NP (NP the earth 's) stratospheric ozone layer) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP screens (PRT out) (NP (NP some) (PP of (NP (NP the sun 's) ultraviolet rays)))))))))))) .)) (TOP (S (ADVP Hence) (PRN , (SBAR-ADV as (S (NP-SBJ they) (VP see (NP it)))) ,) (SBAR-ADV if (S (NP-SBJ-1 something) (VP is n't (VP done (NP *-1))))) (NP-SBJ earthlings) (VP will (VP become (ADJP-PRD (ADVP ever more) subject (PP to (NP (NP sunburn) and (NP skin cancer)))))) .)) (TOP (S (NP-SBJ (NP Peter Teagan) , (NP (NP a specialist) (PP-LOC in (NP heat transfer))) ,) (VP is (VP running (NP (NP a project) (PP-LOC at (NP (NP Arthur D. Little Inc. ,) (PP of (NP (NP Cambridge) , (NP Mass.) ,)))) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP find (NP (NP alternative technologies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP allow (S (NP-SBJ industry) (VP to (VP eliminate (NP CFCs)))))))))))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP (NP his interest) (PP in (NP ozone depletion)))))) (NP-SBJ he) (VP has (VP (ADVP-MNR extensively) studied (NP (NP the related topic) (PP of (NP (NP global warming) , (NP a theory (SBAR that (S (NP-SBJ (NP (NP mankind 's) generation) (PP of (NP carbon dioxide)) (PP through (NP (NP increased combustion) (PP of (NP fossil fuels))))) (VP is (VP creating (NP (NP a `` greenhouse effect '') (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP work (NP important climatic changes) (PP-LOC in (NP (NP the earth 's) atmosphere)) (PP-TMP over (NP time))))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP would (VP be (NP-PRD (NP the first) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP admit (SBAR that (S (NP-SBJ there) (VP is not (NP-PRD (NP a complete consensus) (PP-LOC in (NP the scientific community)) (PP on (NP (NP either one) (PP of (NP these problems)))))))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ Mr. Teagan) .)) (TOP (S `` (PP-LOC In (NP (NP the kind) (PP of (NP (NP literature) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP read (NP *T*-1)))))))) (NP-SBJ I) (VP come (PP-CLR across (NP countervailing opinions)) (ADVP-TMP quite frequently)) .)) (TOP (S But (NP-SBJ (NP the nature) (PP of (NP the problem))) (VP is (ADJP-PRD such (SBAR that (S (NP-SBJ many others) (VP feel (SBAR 0 (S (NP-SBJ-2 it) (VP has (S (NP-SBJ-1 *-2) (VP to (VP be (VP addressed (NP *-1) (ADVP-TMP soon) , (SBAR-TMP before (S (NP-SBJ all the evidence) (VP is (ADVP-PRD in)))))))))))))))) .)) (TOP (S (NP-SBJ-1 We) (VP ca n't (VP afford (S (NP-SBJ *-1) (VP to (VP wait))))) . '')) (TOP (SQ But does (NP-SBJ-1 it) (VP have (S (NP-SBJ *-1) (VP to (VP be (ADVP-TMP-PRD so soon))))) ?)) (TOP (S (NP-SBJ Some atmospheric scientists) (VP think (SBAR that (S (SBAR-ADV even if (S (NP-SBJ-1 CFCs) (VP were (VP released (NP *-1) (PP-CLR into (NP the atmosphere)) (PP-MNR at (NP an accelerating rate)))))) , (NP-SBJ (NP the amount) (PP of (NP ozone depletion))) (VP would (VP be (NP-PRD (QP only 10) %) (PP-TMP by (NP (NP the middle) (PP of (NP the next century))))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD easy) (S-1 (NP-SBJ *) (VP to (VP get (NP (NP something) (ADJP comparable)) (PP-MNR by (S-NOM (NP-SBJ *) (VP (ADVP simply) moving (PP-DIR to (NP (NP a higher altitude) (PP-LOC in (NP the U.S))))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ there) (VP are (NP-PRD (NP questions) , (PP (ADVP particularly) among (NP (NP atmospheric scientists) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP know (NP this subject) (ADVP-MNR best)))))) , (PP about (NP (NP the ability (S *ICH*-2)) (PP of (NP anyone)) (S-2 (NP-SBJ *) (VP to (VP know (SBAR (WHNP-3 what) (PP in (NP fact)) (S (NP-SBJ *T*-3) (VP is (VP happening (PP-CLR to (NP the ozone layer))))))))))))) .)) (TOP (S (NP-SBJ It) (VP is (ADVP generally) (VP agreed (SBAR that (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ CFCs) (VP rise (PP-DIR from (NP earth)) (PP-DIR to (NP stratosphere)) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 (NP the chlorine) (PP-LOC in (NP them))) (VP is (ADJP-PRD capable (PP of (S-NOM (NP-SBJ *-2) (VP interfering (PP-CLR with (NP (NP the process) (SBAR (WHPP-3 through (WHNP which)) (S (NP-SBJ ultraviolet rays) (VP (VP split (NP oxygen molecules)) and (VP form (NP ozone)) (PP-MNR *T*-3))))))))))))))) .)) (TOP (S But (S (NP-SBJ ozone creation) (VP is (NP-PRD a (ADJP very large-scale) natural process))) and (S (NP-SBJ (NP the importance) (PP of (NP human-generated CFCs)) (PP in (S-NOM (NP-SBJ *) (VP reducing (NP it))))) (VP is (ADVP largely) (NP-PRD (NP a matter) (PP of (NP conjecture))))) .)) (TOP (S (NP-SBJ The ozone layer) (VP is (UCP-PRD (PP (ADVP-TMP constantly) in (NP motion)) and thus (ADJP very hard (S (NP-SBJ *) (VP to (VP measure (NP *?*))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-2 What) (S (NP-SBJ scientists) (VP have (VP known (NP *T*-2) (PP-TMP since (NP the late 1970s)))))) (VP is (SBAR-PRD that (S (NP-SBJ there) (VP is (NP-PRD (NP a hole) (PP-LOC in (NP the layer)) (PP-LOC over (NP Antarctica)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP expands or contracts (PP-TMP from (NP (NP year) (PP to (NP year)))))))))))) .)) (TOP (S But (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD (ADVP at least) worthy (PP of (NP some note))) (SBAR-1 that (S (NP-SBJ there) (VP are (NP-PRD (ADJP very few) refrigerators) (PP-TMP in (NP Antarctica)))))) .)) (TOP (S (ADVP Moreover) , (ADVP surely) (NP-SBJ someone) (VP has (VP noticed (SBAR that (S (NP-SBJ-1 household refrigerators) (VP are (NP-PRD closed systems) , (S-ADV (NP-SBJ *-1) (VP running (PP-TMP for (NP many years)) (PP-MNR without (S-NOM (NP-SBJ either (NP the CFC gas) or (NP the insulation)) (ADVP-TMP ever) (VP escaping)))))))))) .)) (TOP (S (NP-SBJ (NP Another argument) (PP of (NP the environmentalists))) (VP is (SBAR-PRD that (FRAG (SBAR-ADV if (S (NP-SBJ substitutes) (VP are (ADJP-PRD available)))) , (WHADVP why) not (VP use (NP them)) ?))))) (TOP (S (S (NP-SBJ Mr. Teagan) (VP cites (NP (NP a list) (PP of (NP substitutes))))) but (S (NP-SBJ none) , (ADVP so far) , (VP match (NP the nonflammable , nontoxic CFCs))) .)) (TOP (S (NP-SBJ-1 Butane and propane) (VP (VP can (VP be (VP used (NP *-1) (PP-CLR as (NP coolants)) , (PP for (NP example)) ,))) but (VP are (ADJP-PRD flammable))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ-1 new lubricants) (VP will (VP be (VP needed (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP protect (NP compressors) (PP-CLR from (NP (NP the new formulations) , (SBAR (WHNP-3 which) , (PP as (PP with (NP CFCs))) (S , (NP-SBJ *T*-3) (VP are (NP-PRD solvents)))))))))))) .)) (TOP (S (NP-SBJ Mr. Teagan) (VP points (PRT out) (ADVP as well) (SBAR that (S (S (SBAR-SBJ if (S (NP-SBJ (NP the equipment) (VP designed (NP *) (S-PRP (NP-SBJ *) (VP to (VP get (ADVP-CLR along) (PP-MNR without (NP CFCs))))))) (VP is (ADJP-PRD less efficient (PP than (NP current devices)))))) , (NP-SBJ energy consumption) (VP will (VP rise))) and (S (NP-SBJ that) (VP will (VP worsen (NP the greenhouse effect))))))) .)) (TOP (S (S (NP-SBJ (NP Folks) (PP-LOC in (NP the Midwest)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (ADVP-TMP just) suffered (NP a mid-October snowstorm))))) (VP may (VP wonder (SBAR (WHADVP-2 where) (S (NP-SBJ the greenhouse) (VP was (ADVP-LOC-PRD *T*-2) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ they) (VP needed (NP it) (ADVP-TMP *T*-3)))))))))) , but (S (NP-SBJ *) (VP let (S (NP-SBJ 's) (VP not be (ADJP-PRD flippant (PP about (NP grave risks))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ it) (VP happens))) , (NP-SBJ Arthur D. Little) (VP is (ADJP-PRD not (ADVP at all) interested (PP in (S-NOM (NP-SBJ *) (VP throwing (NP cold water) (PP-CLR on (NP ozone depletion and global warming theories))))))) .)) (TOP (S (NP-SBJ-1 It) (VP is (ADJP-PRD interested (PP in (S-NOM (NP-SBJ-2 *) (VP making (NP some money) (S-ADV (NP-SBJ *-2) (VP advising (NP industry) (PP-CLR on (SBAR-NOM (WHADVP-3 how) (S (NP-SBJ *) (VP to (VP convert (PP-CLR to (NP (NP a world) (PP without (NP CFCs)))) (ADVP-MNR *T*-3))))))))))))) .)) (TOP (S (NP-SBJ There) (VP is , (ADVP after all) , (NP-PRD (NP big money) (PP-LOC in (NP environmentalism)))) .)) (TOP (S (ADVP Maybe) (NP-SBJ we) (VP should (VP ask (SBAR (WHADVP-1 why) (S-CLF (NP-SBJ it) (VP was (ADVP-PRD *T*-1) (SBAR (WHADVP-2 that) (S (NP-SBJ Du Pont) (VP (VP (ADVP-MNR so quickly) capitulated) and (VP issued (NP (NP a statement (SBAR *ICH*-3)) , (VP giving (NP it wide publicity)) , (SBAR-3 that (S (NP-SBJ it) (VP was (VP withdrawing (NP CFCs))))))) (ADVP-PRP *T*-2))))))))) .)) (TOP (S (NP-SBJ-1 (NP Freon) , (VP introduced (NP *) (PP-TMP in (NP 1930))) ,) (VP revolutionized (NP America) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP making (S (NP-SBJ (NP refrigeration) and (NP air conditioning)) (ADJP-PRD practical)) (ADVP after all))))) .)) (TOP (S (NP-SBJ One answer) (VP is (SBAR-PRD that (S (NP-SBJ-1 big companies) (VP (VP are (VP growing (ADJP-PRD weary (PP of (S-NOM (NP-SBJ *) (VP fighting (NP environmental movements))))))) and (VP are (VP trying (ADVP instead) (S (NP-SBJ *-1) (VP to (VP cash (PRT in) (PP-CLR on (NP them))))))) , (SBAR-ADV although (S (NP-SBJ-2 they) (ADVP-TMP never) (VP care (S (NP-SBJ *-2) (VP to (VP put (NP it) (ADVP quite that way))))))))))) .)) (TOP (S (NP-SBJ Du Pont) (PRN , (SBAR as (S (NP-SBJ it) (VP happens))) ,) (VP has (NP (NP a potential substitute) (PP for (NP CFCs)))) .)) (TOP (S (NP-SBJ (NP Imperial Chemical Industries) (PP of (NP the U.K.))) (VP (VP (ADVP also) has (NP one)) , and (VP is (VP building (NP (NP a plant) (PP-LOC in (NP Louisiana)) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP produce (NP it))))))))) .)) (TOP (S (NP-SBJ-1 Japanese chemical companies) (VP are (PP-PRD at (NP work)) (S-ADV (NP-SBJ-2 *-1) (VP (VP developing (NP their own substitutes)) and (VP hoping (S (NP-SBJ *-2) (VP to (VP conquer (NP new markets))))))) , (PP of (NP course))) .)) (TOP (S (NP-SBJ There) (VP are (ADVP still) (NP-PRD (NP others) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP do n't (VP mind (S (NP-SBJ *-2) (VP seeing (S (NP-SBJ new crises) (VP arise)))))))))) .)) (TOP (S (NP-SBJ Environmental groups) (VP would (ADVP-TMP soon) (VP go (PP-CLR out (PP of (NP business))) (SBAR-ADV (SINV were (NP-SBJ-1 they) (ADJP-PRD not able (S (NP-SBJ *-1) (VP to (VP send (PRT out) (NP (NP mailings) (VP (VP describing (NP the latest threat)) and (VP asking (PP-CLR for (NP (NP money) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP fight (NP it) (ADVP-MNR *T*-2)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP University professors) and (NP (NP consultants) (PP with (NP scientific credentials)))) (VP saw (S (NP-SBJ (NP a huge market) (PP for (NP their services))) (VP evaporate (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ price decontrol) (VP destroyed (NP (NP the energy crisis) and thus (NP (NP the demand) (PP for `` (NP alternative energy)))) (ADVP-TMP *T*-1))))))) . '')) (TOP (S (NP-SBJ They) (VP needed (NP-1 new crises) (S-CLR (NP-SBJ *-1) (VP to (VP generate (NP new grants and contracts))))) .)) (TOP (S (PP In (NP other words)) , (NP-SBJ environmentalism) (VP has (VP created (NP (NP a whole set) (PP of (NP (NP vested interests) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP fare (ADVP-MNR (ADVP better) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ there) (VP are (NP-PRD many problems) (ADVP-TMP *T*-2)))) (SBAR than (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ there) (VP are (NP-PRD few) (ADVP-TMP *T*-3)))))))))))))) .)) (TOP (S (NP-SBJ-1 That) (VP tends (S (NP-SBJ *-1) (VP to (VP tilt (NP the public debate) (PP-CLR toward `` (NP solutions) '')))) (SBAR-TMP (ADVP even) (WHADVP-2 when) (S (NP-SBJ (NP some) (PP of (NP the (ADJP most knowledgeable) scientists))) (VP are (ADJP-PRD skeptical (PP about (NP (NP (NP the seriousness) (PP of (NP the threats))) and (NP (NP the insistence) (PP of (NP urgency)))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (NP-SBJ There) (VP is (S-PRD (NP-SBJ-1 (NP an element) (PP of (NP make-work))) (VP involved (NP *-1)))) .)) (TOP (S (NP-SBJ Consumers) (VP pay (NP (NP the bill) (PP for (NP all this))) (PP-MNR in (NP (NP the price) (PP of (NP (NP a refrigerator) or (NP an air-conditioned car)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ they) (VP were (VP (ADVP really) getting (NP (NP insurance) (PP against (NP environmental disaster))))))) , (NP-SBJ the price) (VP would (VP be (ADJP-PRD cheap))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ there) (VP is (NP-PRD no impending threat)))) , (NP-SBJ-1 it) (VP can (VP get (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD very expensive)))))) .)) (TOP (X but (VP worries (PP about (NP 1990))) .)) (TOP (S (SBAR-ADV With (S (NP-SBJ-1 most legislatures) (VP adjourned (NP *-1) (PP-TMP for (NP the year))))) , (NP-SBJ small business) (VP is (VP tallying (NP its scorecard))) .)) (TOP (S (NP-SBJ-1 (NP Much) (PP of (NP its attention))) (VP was (VP spent (NP *-1) (S-MNR-CLR (NP-SBJ *) (VP fighting (NP (NP (NP organized labor 's) initiatives) (PP on (NP (NP issues) (SBAR (WHNP-2 0) (S (NP-SBJ the small-business community) (VP (ADVP traditionally) opposes (NP *T*-2)))) -- (PP (PP from (S-NOM (NP-SBJ *) (VP raising (NP state minimum wage levels)))) (PP to (S-NOM (NP-SBJ *) (VP mandating (NP (NP benefits) (PP-LOC in (NP health plans)))))))))))))) .)) (TOP (SINV (S-TPC-1 (SBAR-ADV While (S (NP-SBJ results) (VP were (ADJP-PRD mixed) (PP-LOC in (NP many states))))) , `` (NP-SBJ small business) (VP got (PRT by) (ADVP-MNR fairly well))) , '' (VP concludes (S *T*-1)) (NP-SBJ (NP Don L. Robinson) , (NP (NP associate director) (PP of (NP (NP (NP the National Federation) (PP of (NP Independent Business))) , (NP the largest small-business organization))))) .)) (TOP (S (S (NP-SBJ (NP Five states) -- (NP (NP Oregon) , (NP Rhode Island) , (NP New Hampshire) , (NP Iowa) and (NP Wisconsin)) --) (VP passed (NP (NP bills) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP boost (NP the minimum wage)))))))) , but (S (NP-SBJ-1 (NP measures) (PP-LOC in (NP 19 other states))) (VP were (VP defeated (NP *-1)))) .)) (TOP (S (NP-SBJ (NP Oregon 's) rate) (VP will (VP rise (PP-DIR to (NP (NP (NP $ 4.75 *U*) (NP-ADV an hour)) , (NP (NP the nation 's) highest) ,)) (PP-TMP in (NP Jan. 1 , 1991)))) .)) (TOP (S (S (NP-SBJ Iowa 's) (VP will (VP be (NP-PRD (NP the second highest) (PRN -- (PP at (NP (NP $ 4.65 *U*) (NP-ADV an hour))) (PP-TMP in (NP January 1992)) --))))) but (S (NP-SBJ small-business lobbyists) (VP won (NP (NP (NP an exclusion) (PP for (NP tiny concerns))) and (NP a lower training rate)))) .)) (TOP (S (PP-LOC In (NP 17 central states)) , (NP-SBJ one small-business count) (VP shows (SBAR 0 (S (NP-SBJ lawmakers) (VP adopted (NP (NP (QP only three of 46) bills) (VP mandating (NP (NP health coverage) or (NP parental leave)))))))) .)) (TOP (S (S (NP-SBJ The Illinois Legislature) (VP (ADVP-MNR narrowly) passed (NP (NP a parental-leave bill) , (SBAR (WHNP-1 which) (S (NP-SBJ Gov. James Thompson) (VP vetoed (NP *T*-1))))))) , and (S (NP-SBJ Iowa and Tennessee) (VP amended (NP (NP laws) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP require (SBAR that (S (NP-SBJ employers) (VP pay (PP-CLR for (NP breast-cancer exams)))))))))))) .)) (TOP (S (NP-SBJ Small business) (VP is (VP bracing (PP-CLR for (NP (NP an avalanche) (PP of (NP similar proposals)) (NP-TMP next year))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-2 (NP Those kinds) (PP of (NP issues))) (ADVP-TMP always) (VP keep (S (NP-SBJ *-2) (VP coming (ADVP-CLR back))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Robert Beckwith) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP manages (NP (NP (NP the Illinois Chamber) (PP of (NP Commerce)) 's) small-business office))))) .)) (TOP (S-HLN (PP DESPITE (NP (NP VICTORIES) (NP-TMP this year))) , (NP-SBJ-1 small business) (VP fears (S (NP-SBJ *-1) (VP losing (NP parental-leave war)))) .)) (TOP (S (NP-SBJ (NP Only two states) -- (NP Vermont and Washington) --) (NP-TMP this year) (VP joined (NP (NP five others) (VP requiring (S (NP-SBJ private employers) (VP to (VP grant (NP (NP leaves) (PP of (NP absence))) (PP-DTV to (NP (NP employees) (PP with (NP (ADJP newborn or adopted) infants)))))))))) .)) (TOP (S (NP-SBJ-1 Similar proposals) (VP were (VP defeated (NP *-1) (PP-LOC in (NP (QP at least 15) other states)))) .)) (TOP (S But (NP-SBJ (NP small business) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (ADVP generally) detests (NP government-mandated benefits)))) ,) (VP has (VP taken (NP-CLR note) (PP-CLR of (NP (NP the growing number) (PP of (NP close votes)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD (NP just a matter) (PP of (NP time))) (SBAR-TMP before (S (NP-SBJ the tide) (VP turns))))) , '' (VP says (S *T*-1)) (NP-SBJ one Midwestern lobbyist) .)) (TOP (S (ADVP Consequently) , (NP-SBJ small business) (VP is (VP taking (NP (NP more `` pro-active '' steps) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP counter (NP mandated leaves)))))))) .)) (TOP (S (S (PP-LOC In (NP Pennsylvania)) , (NP-SBJ small businesses) (VP are (VP pushing (PP-CLR for (NP a voluntary alternative))))) ; (S (NP-SBJ they) (VP favor (NP (NP a commission) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP develop (NP (NP sample leave policies) (SBAR (WHNP-2 that) (S (NP-SBJ employers) (VP could (VP adopt (NP *T*-2))))))))))))) .)) (TOP (S (NP-SBJ They) (ADVP also) (VP support (NP (NP a tax credit) (PP for (NP employers)) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP offset (NP (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP hiring and training (NP (NP workers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (ADVP temporarily) replace (NP (NP employees) (PP on (NP parental leave))))))))))))))))) .)) (TOP (S (PP-TMP In (NP 1990)) , (NP-SBJ-1 the issue) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD especially close (PP-LOC in (NP (NP Alaska) , (NP California) , (NP Michigan) , (NP New York) , (NP Pennsylvania) and (NP Illinois))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 'll (VP be (VP playing (NP (NP a lot) (PP of (NP defense))) , (PP-LOC (ADVP especially) in (NP the Midwest and Northeast)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Jim Buente) (PP of (NP the NFIB))) .)) (TOP (S-HLN (PP-LOC IN (NP LOS ANGELES)) , (NP-SBJ-1 more small businesses) (VP ponder (S (NP-SBJ *-1) (VP adopting (NP a child-care policy)))) .)) (TOP (SINV (VP-TPC-1 Triggering (NP the re-examination)) (VP is (VP *T*-1)) (NP-SBJ a recent city council decision (S (NP-SBJ *) (VP to (VP give (NP (NP preference) (PP in (S-NOM (NP-SBJ *) (VP letting (NP city contracts) (PP-CLR to (NP (NP suppliers) (PP with (NP (NP a stated policy) (PP on (NP child care)) (PP for (NP their employees)))))))))))))) .)) (TOP (S (NP-SBJ The preferential treatment) (VP (ADVP even) applies (PP-CLR to (NP (S-NOM (NP-SBJ *) (VP awarding (NP (NP small contracts) (PP under (NP $ 25,000 *U*))))) and (NP (NP (NP consulting) and (NP temporary services)) -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP often) (VP go (PP-CLR to (NP the smaller concerns))))))))) .)) (TOP (S (NP-SBJ-1 Firms) (VP are (VP permitted (NP *-1) (NP (NP wide flexibility) (PP in (NP (NP the child-care arrangements) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP provide (NP *T*-2))))))))) .)) (TOP (S (NP-SBJ (NP Council member Joy Picus) , (NP (NP the measure 's) chief advocate) ,) (VP considers (S (NP-SBJ it) (NP-PRD (NP part) (PP of (NP (NP a `` pro-family policy '') (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (NP (NP-DIR Los Angeles) (NP-PRD (NP a leader) (PP in `` (S-NOM (NP-SBJ *) (VP humanizing (NP the workplace)))))))))))))) . '')) (TOP (S-HLN (NP-SBJ NOVEMBER BALLOTS) (VP will (VP contain (NP (NP few referendum or initiative issues) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (ADVP-MNR especially) affect (NP small business))))))) .)) (TOP (S (S (PP-LOC In (NP San Francisco)) , (NP-SBJ small businesses) (VP are (VP urging (NP (NP passage) (PP of (NP (NP a local initiative) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP build (NP a new (ADJP (QP $ 95 million) *U*) downtown baseball stadium))))))))))) ; (S (NP-SBJ they) (VP believe (SBAR 0 (S (NP-SBJ it) (VP will (VP spur (NP (NP retail sales) and (NP hotel-restaurant business)))))))) .)) (TOP (S But (PP-LOC in (NP Washington state)) , (NP-SBJ-3 small business) (VP (ADVP generally) opposes (NP (NP an initiative) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP boost (NP (NP spending) (PP-CLR on (NP (NP children 's) programs))) (PP-EXT by (NP (QP $ 360 million) *U*))))))) , (S-ADV (NP-SBJ *-3) (VP fearing (SBAR 0 (S (NP-SBJ-1 (NP the state 's) (ADJP 7.8 %) sales tax) (VP will (VP be (VP raised (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP finance (NP the outlays)))))))))))) .)) (TOP (NP-HLN DIALING DOLLARS :)) (TOP (S (NP-SBJ (NP Small businesses) (PP-LOC in (NP suburban Chicago))) (VP are (VP discovering (SBAR that (S (NP-SBJ (NP an area-code switch) (NP-TMP Nov. 11) -- (PP to (NP 708)) (PP from (NP the familiar 312)) --) (VP wo n't (VP be (PP-PRD without (NP some costs)))))) (SBAR-ADV as (S (NP-SBJ they) (VP (VP alter (NP (NP stationery) , (PP among (NP other things)) ,)) and (VP notify (NP customers))))))) .)) (TOP (S (NP-SBJ-1 (NP Wessels & Pautsch) , (NP a small St. Charles law firm) ,) (VP plans (S (NP-SBJ *-1) (VP to (VP mail (NP 500 customers) (NP (NP (NP a list) (PP of (NP (NP its lawyers ') new phone and fax numbers))) (PP as well as (NP updated Rolodex cards))))))) .)) (TOP (S But (NP-SBJ-1 many owners) (VP plan (S (NP-SBJ-2 *-1) (VP to (VP practice (NP (NP frugality)) -- (S-ADV (NP-SBJ *-2) (VP (VP crossing (PRT out) (NP the old code)) and (VP writing (PRT in) (NP the new one)))) (SBAR-TMP until (S (NP-SBJ their stock) (VP runs (ADVP-CLR out)))))))) .)) (TOP (S (NP-SBJ (NP Even print-shop operator Clay Smith) (PP of (NP Naperville))) (VP wo n't (VP discard (NP his old supply))) .)) (TOP (S -LRB- (NP-SBJ He) (VP reports (SBAR 0 (S (NP-SBJ his business) (VP is (ADVP-PRD (ADJP up) (ADVP slightly)) (PP-PRP from (S-NOM (NP-SBJ customers) (VP replacing (NP old stock)))))))) . -RRB-)) (TOP (S-HLN (NP-SBJ (NP CALIFORNIA) , (NP (NP A TREND-SETTER) (PP-LOC in (NP franchising rules))) ,) (VP stirs (NP a controversy)) .)) (TOP (S (PP With (NP some new rules)) , (NP-SBJ state officials) (VP say (SBAR 0 (S (NP-SBJ they) (VP made (S (NP-SBJ it) (ADJP-PRD easier -- and faster -- (S (NP-SBJ *) (VP to (VP sell (NP (NP new franchises) (SBAR (WHNP-1 whose terms) (S (NP-SBJ *T*-1) (VP stray (PP-CLR from (NP (NP those) (PP-LOC in (NP state-registered contracts))))))))))))))))) .)) (TOP (S (ADVP-TMP Previously) , (NP-SBJ regulators) (VP insisted (SBAR that (S (NP-SBJ franchisers) (VP (VP pre-register (NP such changes) (PP-CLR with (NP the state))) -- (NP (NP a costly process) (VP taking (NP-TMP (ADVP at least) six weeks))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ-3 (NP some negotiated sales) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP meet (NP (NP a series) (PP of (NP tests))))))) (VP do n't (VP have (S (NP-SBJ-1 *-3) (VP to (VP be (VP pre-registered (NP *-1))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ franchisers) (ADVP-TMP no longer) (VP must (VP pre-register (NP (NP sales) (PP to (NP (NP aspiring franchisees) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP qualify (PP-CLR as `` (NP sophisticated purchasers)))))))))) . '')) (TOP (S (NP-SBJ Such buyers) (VP must (VP have (NP (NP (NP a minimum net worth) (PP of (NP (QP $ 1 million) *U*))) , (NP $ 200,000 *U* annual income) , or (NP (NP recent experience) (PP-LOC in (NP (NP the business area) (PP of (NP (NP the franchise) (VP being (VP sold (NP *))))))))))) .)) (TOP (S But (NP-SBJ critics) (VP consider (S (NP-SBJ the changes) (ADJP-PRD regressive))) .)) (TOP (S (NP-SBJ (NP Lewis G. Rudnick) , (NP (NP a Chicago lawyer) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP represents (NP franchisers))))) ,) (VP contends (SBAR 0 (S (NP-SBJ California) (VP is (VP (VP (ADVP-MNR narrowly) limiting (NP *RNR*-1)) -- (CONJP rather than) (VP expanding (NP *RNR*-1)) -- (NP-1 (NP opportunities) (PP for (S-NOM (NP-SBJ *) (VP negotiating (NP sales)))))))))) .)) (TOP (S (S (NP-SBJ He) (VP argues (SBAR 0 (S (NP-SBJ California regulators) (ADVP historically) (VP have (VP misinterpreted (NP their law))))))) -- and (S (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ (NP negotiated sales) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are n't (ADJP-PRD pre-registered))))) (VP have (VP been (ADJP-PRD legal) (ADVP-TMP all along))))))) .)) (TOP (S (NP-SBJ (NP San Francisco lawyer Timothy H. Fine) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP represents (NP franchisees)))) ,) (VP insists (SBAR 0 (S (NP-SBJ-3 (NP California 's) cautiousness) (VP helps (S (NP-SBJ *-3) (VP protect (NP franchisees) (PP-CLR from (NP (NP crafty sales negotiators) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP push (NP unlawful clauses)))))))))))) .)) (TOP (NP SMALL TALK :)) (TOP (S (NP-SBJ A new Maryland law) (VP frees (NP store owners) (PP-CLR of (NP liability)) (SBAR-ADV if (S (NP-SBJ a customer) (VP (VP trips (PP *RNR*-2)) or (VP (ADVP otherwise) gets (NP hurt) (PP *RNR*-2)) (PP-2 on (NP (NP the way) (PP-DIR to (NP the restroom)))))))) ... .)) (TOP (S (NP-SBJ (NP (QP Only 4) %) (PP of (NP (NP Missouri small businesses) (VP surveyed (NP *))))) (VP say (SBAR 0 (S (NP-SBJ they) (VP 've (VP tested (NP an employee or applicant) (PP-CLR for (NP drug or alcohol use))))))) ... .)) (TOP (S (PP-MNR By (NP 52%-36 %)) , (NP-SBJ Tennessee NFIB members) (VP favor (NP (NP laws) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP limit (NP (NP foreign ownership) (PP of (NP (NP land and facilities) (PP-LOC in (NP the state))))))))))) .)) (TOP (S (NP-SBJ (NP (QP About 400,000) commuters) (VP trying (S (NP-SBJ *) (VP to (VP find (NP (NP their way) (PP through (NP (NP the Bay area 's) quake-torn transportation system)))))))) (VP (VP wedged (ADVP-MNR cheek-to-jowl) (PP-DIR into (NP subways))) , (VP sat (PP-LOC in (NP (NP traffic jams) (PP-LOC on (NP major freeways))))) or (VP waited (ADVP-MNR forlornly) (PP-CLR for (NP buses))) (NP-TMP yesterday)) .)) (TOP (S (PP In (NP other words)) , (NP-SBJ it) (VP was (NP-PRD a better-than-average Manhattan commute)) .)) (TOP (S (NP-SBJ City officials) (VP feared (NP (NP widespread gridlock) (PP-TMP on (NP (NP the first day) (SBAR (WHADVP-2 that) (S (NP-SBJ-1 normal business operations) (VP were (VP resumed (NP *-1) (PP-TMP following (NP (NP last Tuesday 's) earthquake)) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ (NP The massive temblor) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP killed (NP (QP at least 61) people)))) ,) (VP (VP severed (NP (NP the Bay Bridge) , (NP (NP a major artery) (PP to (NP the east))))) , and (VP closed (NP (NP most ramps) (VP leading (PP to and from (NP (NP Highway 101) , (NP (NP the biggest artery) (PP to (NP the south))))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP will (VP (VP take (NP-TMP-2 several weeks) (S-1 (NP-SBJ *) (VP to (VP repair (NP the bridge))))) , and (VP (NP-TMP=2 several months) (S=1 (NP-SBJ *) (VP to (VP repair (NP (NP some) (PP of (NP the 101 connections))))))))) .)) (TOP (S But (PP in (NP (NP spite) (PP of (NP a wind-driven rainstorm)))) , (NP-SBJ gridlock) (ADVP-TMP never) (VP materialized , (SBAR-PRP (ADVP mainly) because (S (NP-SBJ the Bay Area Rapid Transit subway system) (VP carried (NP (NP (ADJP (NP-ADV 50 %) more) passengers) (PP than (ADJP normal))))))) .)) (TOP (S (PP-TMP For (NP (NP the first time) (PP-TMP in (NP memory)))) , (NP-SBJ it) (VP was (NP-PRD (NP standing-room) (ADVP only)) (PP-LOC in (NP (NP BART 's) sleek , modern railcars))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ (NP the two main bridges) (VP (ADVP-TMP still) connecting (NP San Francisco) (PP-CLR with (NP the East Bay)))) (VP did n't (VP charge (NP tolls) , (S-ADV (NP-SBJ *) (VP allowing (S (NP-SBJ traffic) (VP to (VP zip (PRT through) (PP-MNR without (S-NOM (NP-SBJ *) (VP stopping)))))))))) .)) (TOP (S (NP-SBJ Officials) (ADVP also) (VP suspect (SBAR (SBAR that (S (NP-SBJ traffic) (VP benefited (PP-CLR from (NP (NP steps) (PP by (NP major employers)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP get (S (NP-SBJ workers) (VP to (VP come (ADVP in) (PP-TMP at (NP odd hours)))))))))))))) , or (SBAR that (S (NP-SBJ many workers) (VP are (ADVP still) (VP staying (PP-LOC at (NP home)))))))) .)) (TOP (S (NP-SBJ (NP Many commuters) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (ADVP normally) (VP drove (PP-LOC across (NP (NP the Bay Bridge) , (SBAR (WHNP-3 which) (S (NP-SBJ-1 *T*-3) (VP is (VP shut (NP *-1) (PRT down) (PP-TMP for (NP several weeks)) (PP-PRP because of (NP (NP damage) (PP to (NP one span)))))))) ,)))))) (ADVP actually) (VP may (VP have (VP reached (NP work) (ADVP-MNR (NP a bit) faster) (PP-LOC on (NP BART)) (NP-TMP yesterday) , (PP provided (SBAR 0 (S (NP-SBJ they) (VP could (VP find (NP a parking space) (PP-LOC at (NP (NP the system 's) jammed stations)))))))))) .)) (TOP (S (PP-TMP In (NP (NP the best) (PP of (NP times)))) , (NP-SBJ-1 the Bay Bridge) (VP is (NP-PRD (NP the worst commute) (PP-LOC in (NP the region))) , (S-ADV (NP-SBJ *-1) (ADVP-TMP often) (VP experiencing (NP (NP back-ups) (PP of (NP (QP 20 to 30) minutes (QP or more))))))) .)) (TOP (SBAR Not that (S (S-NOM-SBJ (NP-SBJ *) (VP getting (PP-DIR into (NP town)))) (VP was (ADJP-PRD easy))) .)) (TOP (S (S (NP-SBJ Storm flooding) (VP caused (NP (NP back-ups) (PP-LOC on (NP the freeway))))) , and (S (NP-SBJ-1 many commuters) (VP had (S (NP-SBJ *-1) (VP to (VP find (NP (NP rides) (PP-DIR to (NP (NP BART 's) stations))) , (SBAR-PRP because (S (NP-SBJ parking lots) (VP were (ADJP-PRD full) (PP-TMP before (NP dawn)))))))))) .)) (TOP (S (NP-SBJ Bus schedules) (VP were (ADVP-TMP sometimes) (PP-PRD in (NP disarray)) , (S-ADV (NP-SBJ *) (VP stranding (NP (NP commuters) (PP such as (NP Marilyn Sullivan)))))) .)) (TOP (S (NP-SBJ (NP Her commute) (PP from (NP (NP Petaluma) , (NP Calif.) ,))) (ADVP normally) (VP takes (NP-TMP (QP an hour and 15) minutes) , (PP via (NP (NP the Golden Gate Bridge) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP connects (NP San Francisco) (PP-CLR with (NP the North Bay area)))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ-1 she) (VP was (ADVP still) (VP waiting (PP-LOC at (NP a bus stop)) (PP-TMP after (NP three hours)) , (S-ADV (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP transfer (PP-CLR to (NP (NP a bus) (VP going (PP-DIR to (NP the financial district)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (ADJP-PRD (ADJP worse) (SBAR than (S (NP-SBJ I) (VP thought (SBAR *?*))))))) , '' (NP-SBJ she) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP know (SBAR (WHADVP-1 where) (S (NP-SBJ all the buses) (VP are (ADVP-TMP-PRD *T*-1)))))) . '')) (TOP (S But (SBAR-ADV while (S (NP-SBJ traffic) (VP was (ADJP-PRD heavy) (PP-TMP (ADVP early) in (NP (NP the commute) (PP over (NP the Golden Gate)))) , (PP-TMP by (NP 8 a.m.))))) (NP-SBJ it) (ADVP already) (VP had (VP thinned (PRT out))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP 's (NP-PRD (NP (NP one) (PP of (NP the smoothest commutes))) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP 've (ADVP-TMP ever) (VP had (NP *T*-1)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Charles Catania) , (NP (NP an insurance broker) (PP-LOC on (NP (NP the bus) (PP from (NP (NP Mill Valley) (PP-LOC in (NP Marin County)))))))) .)) (TOP (S `` (NP-SBJ It) (VP looks (PP-PRD like (NP a holiday))) .)) (TOP (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ (NP a lot) (PP of (NP people))) (VP (VP got (ADJP-PRD scared)) and (VP stayed (NP-LOC home)))))) . '')) (TOP (S (ADVP However) , (NP-SBJ (NP a spokeswoman) (PP for (NP BankAmerica Corp.))) (VP said (SBAR 0 (S (NP-SBJ (NP (NP yesterday 's) absenteeism) (PP-LOC at (NP the bank holding company))) (VP was (ADJP-PRD no greater (PP than (PP on (NP an average day)))))))) .)) (TOP (S (PP-LOC At (NP (NP the San Mateo Bridge) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP connects (NP the San Francisco peninsula) (PP-CLR with (NP the East Bay))))) ,)) (NP-SBJ-1 police) (VP were (VP surprised (NP *-1) (PP-CLR at (NP (NP the speed) (SBAR (WHPP-3 with (WHNP which)) (S (NP-SBJ traffic) (VP moved (PP-MNR *T*-3)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Everybody) (VP (VP (ADVP pretty much) pitched (PRT in)) and (VP cooperated))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Stan Perez) , (NP (NP a sergeant) (PP with (NP the California Highway Patrol)))) .)) (TOP (S (NP-SBJ There) (VP were (NP-PRD many indications (SBAR that (S (NP-SBJ (NP the new work hours) (VP implemented (NP *) (PP by (NP-LGS major corporations)))) (VP played (NP a big role)))))) .)) (TOP (S (NP-SBJ The Golden Gate) (VP (VP handled (NP (NP as many cars) (PP as (ADVP normally))) (NP-TMP-1 yesterday)) , but (VP (PP-TMP=1 over (NP (NP four hours) (PP rather than (NP the usual two-hour crush)))))) .)) (TOP (S (NP-SBJ (NP Bechtel Group Inc.) , (NP the giant (ADJP closely held) engineering concern) ,) (VP says (SBAR 0 (S (NP-SBJ it) (VP has (VP instituted (NP (NP a (NAC 6 a.m. (PP to (NP 8 p.m.))) flextime arrangement) , (SBAR (WHADVP-2 whereby) (S (NP-SBJ employees) (VP may (VP select (NP (NP any eight-hour period) (PP-TMP during (NP those hours)) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP go (PP-DIR to (NP work)) (ADVP-TMP *T*-1)))))) (ADVP-MNR *T*-2))))))))))) .)) (TOP (S (PP-TPC-1 Of (NP (NP Bechtel 's) 17,500 employees)) , (NP-SBJ (NP (QP about 4,000)) (PP *T*-1)) (VP work (PP-LOC in (NP San Francisco))) -- (S (NP-SBJ (NP one-third) (PP of (NP them))) (VP commuting (PP-CLR from (NP stricken East Bay)))) .)) (TOP (S (NP-SBJ Pacific Gas & Electric Co.) (VP is (VP offering (NP its 6,000 San Francisco employees) (NP (NP a two-tier flextime schedule) -- (NP either (NP-TMP (NP 6 a.m.) (PP to (NP 2 p.m.))) or (NP-TMP (NP 10 a.m.) (PP to (NP 6 p.m))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The flextime) (VP may (VP cut (PP-EXT by (NP almost a third)) (NP (NP the number) (PP of (NP PG&E employees)) (VP working (NP conventional 9-5 hours)))))) , (NP-SBJ a spokesman) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP (NP the utility 's) employees))) (VP may (VP opt (PP-CLR for (NP (NP a four-day workweek) , (NP (NP 10 hours) (NP-ADV a day)) ,)) (S-TPC (NP-SBJ *) (VP to (VP cut (NP the commute) (PP-EXT by (NP 20 %))))))) .)) (TOP (S (S-TPC-2 (PP-LOC At (NP Pacific Telesis Group)) , (NP-SBJ-1 flextime) (VP is (VP left (NP *-1) (PP-CLR up (PP to (NP individual working groups))) , (SBAR-PRP because (S (NP-SBJ (NP some) (PP of (NP (NP the telephone company 's) employees))) (VP must (VP be (ADVP-LOC-PRD on-site) (PP-TMP during (NP normal business hours))))))))) , (NP-SBJ a spokeswoman) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 Some individuals) (VP went (PP-CLR to (NP (NP some lengths) (PP on (NP their own)))) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP avoid (NP the anticipated gridlock))))) .)) (TOP (S (NP-SBJ (NP One senior vice president) (PP-LOC at (NP Bechtel))) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP got (PRT up) (PP-TMP at (NP 3 a.m.)) (S-PRP (NP-SBJ *-1) (VP to (VP drive (PP-DIR into (NP San Francisco)) (PP-DIR from (NP the East Bay))))))))) .)) (TOP (S But (NP-SBJ transportation officials) (VP worry (SBAR that (S (NP-SBJ such extraordinary measures and cooperation) (VP may not (VP last))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ one transportation official) (VP said (SBAR 0 (S (NP-SBJ (NP drivers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP did n't (VP use (NP car pools)))))) (VP were (VP committing `` (NP an anti-social act)))))))) , '' (NP-SBJ (NP (QP about two-thirds)) (PP of (NP (NP the motorists) (VP crossing (NP the Golden Gate))))) (VP were (ADVP-PRD alone) , (PP compared (PP with (NP the normal (ADJP 70 %) rate)))) .)) (TOP (S And (NP-SBJ-1 (NP some commuters) , (VP relieved (NP *) (PP by (NP-LGS (NP the absence) (PP of (NP gridlock))))) ,) (VP were (VP planning (S (NP-SBJ *-1) (VP to (VP return (PP-CLR to (NP their old ways))))))) .)) (TOP (S (NP-SBJ Garry Kasparov) (VP (VP went (PP-CLR to (NP combat)) (NP-TMP Sunday) (PP with (NP (NP the world 's) (ADJP most advanced) chess computer))) and (VP kicked (NP it) (ADVP-CLR around) (PRN -- (ADVP symbolically) , (ADVP anyway) --) (PP-MNR like (NP an old tin can)))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Playing (NP black) (PP-TMP in (NP the first game)))) , (NP-SBJ-1 the human champion) (VP maneuvered (NP (NP Deep Thought) , (VP known (NP *) (PP-CLR for (NP its attacking prowess))) ,) (PP-CLR into (NP a (ADJP totally passive) position))) .)) (TOP (S (ADVP-TMP Then) (NP-SBJ he) (VP unleashed (NP his own , unstoppable , attack)) .)) (TOP (S And (PP-TMP in (NP (NP the second game) , (PP with (S-NOM (NP-SBJ Mr. Kasparov) (VP advancing (ADVP-MNR ferociously) (PP-CLR as (NP white))))) ,)) (NP-SBJ D.T.) (VP (VP offered (NP feeble resistance)) and (VP lost (ADVP-MNR even faster))) .)) (TOP (S (INTJ Well) , (NP-SBJ mankind) (VP can (VP rest (ADVP-MNR easier) (PP-TMP for (ADVP now)))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ (NP almost everybody) (PP-LOC at (NP the playing site))) (VP had (VP been (VP looking (SBAR-CLR for (S (NP-SBJ the 26-year-old Soviet) (VP to (VP beat (NP the Pennsylvania-based computer)))))))))) , (NP-SBJ he) (VP gave (NP the machine) (NP (NP a (ADJP far worse) drubbing) (SBAR than (S (NP-SBJ many) (VP expected (SBAR *?*)))))) .)) (TOP (S And (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Mr. Kasparov) (VP strode (PP-DIR into (NP the playing hall)) (ADVP-TMP *T*-1)))) , (NP-SBJ he) (VP called (NP the outcome)) .)) (TOP (S (SBAR-MNR As if (S (NP-SBJ he) (VP were (NP-PRD (NP Iron Mike) , (VP about (S (NP-SBJ *) (VP to (VP enter (NP the ring) (PP-MNR with (NP a 98-pound weakling))))))) ,))) (NP-SBJ he) (VP declared : `` (S (NP-SBJ-1 I) (VP 'll (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP beat (NP any computer) (PP-TMP for (NP the next five years)))))))))) . '')) (TOP (S-3 (NP-SBJ-2 (NP His strategy) (PP against (NP D.T.))) (VP was (VP based (NP *-2) (PP-CLR on (NP (NP a thorough study) (PP of (NP (NP (NP dozens) (PP of (NP its games))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-3)))) ,) (PP including (NP (NP its notorious whippings) (PP of (NP (NP the grandmasters) (NP (NP (NP Bent Larsen) (PP of (NP Denmark))) and (NP (NP Robert Byrne) (PP of (NP the U.S)))))))))))))) .)) (TOP (S (NP-SBJ-2 Mr. Kasparov) (VP was (VP underwhelmed (NP *-2))) .)) (TOP (S (S-TPC-2 `` (NP-SBJ-1 (NP The computer 's) mind) (VP is (ADJP-PRD (ADJP too straight) , (ADJP too primitive)) , '' (S-ADV (NP-SBJ *-1) (VP lacking (NP (NP the intuition and creativity) (VP needed (NP *) (S-PRP (NP-SBJ *) (VP to (VP reach (NP the top)))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The champion) (ADVP apparently) (VP was not (VP worried (ADVP at all) (PP-CLR about (NP (NP D.T. 's) strong points)))) .)) (TOP (S (NP-SBJ (NP Its chief builder) , (NP Taiwan-born Feng-hsiung Hsu) ,) (VP nicknamed (S (NP-SBJ his brainchild) `` (NP-PRD the Weasel) '') (PP-PRP for (NP (NP its tactical flair) (PP at (S-NOM (NP-SBJ *) (VP wriggling (PP-CLR out (PP of (NP horrible positions))))))))) .)) (TOP (S (NP-SBJ-1 D.T.) (VP (VP (ADVP also) has (NP a prodigious and flawless memory)) , (VP is (ADJP-PRD utterly fearless)) , and (VP could n't (VP be (VP distracted (NP *-1) (PP by (NP-LGS (NP the sexy nude sculptures) (VP spread (NP *) (PP-LOC around (NP (NP the playing hall ,) (PP-LOC in (NP (NP the New York Academy) (PP of (NP Art))))))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ D.T.) (VP (VP (ADVP-TMP never) left (NP (NP home) , (NP (NP Carnegie Mellon University) (PP-LOC in (NP Pittsburgh))) ,)) but (VP communicated (PP-CLR with (NP its human handlers)) (PP-MNR by (NP telephone link)))) .)) (TOP (S (S (NP-SBJ They) (VP conceded (SBAR that (S (NP-SBJ the odds) (VP favored (NP Mr. Kasparov)))))) , but (S (NP-SBJ they) (VP put (NP their hope) (PP-PUT in (NP (NP (NP D.T. 's) (ADJP recently enhanced) capacity) (PP for (S-NOM (NP-SBJ *) (VP examining (NP (NP positions)) -- (PP-DIR up (PP to (NP (NP (QP a million)) (PP per (NP second))))) , (PP-DIR from (NP 720,000))))))))) .)) (TOP (S But (S (NP-SBJ the handlers) (VP (ADVP mistakenly) stuck (PP-CLR with (NP silicon chips)))) ; (S (NP-SBJ they) (VP needed (NP kryptonite))) .)) (TOP (S (NP-SBJ This) (VP became (ADJP-PRD apparent) (SBAR-TMP as (S (NP-SBJ (NP game one) , (NP (NP a Sicilian Defense) (PP by (NP Mr. Kasparov))) ,) (VP proceeded)))) .)) (TOP (S (S (NP-SBJ No human) (VP can (VP examine (NP (NP millions) (PP of (NP moves)))))) , but (S (NP-SBJ (NP Mr. Kasparov) , (VP using (NP his (ADJP ineffably powerful) brain)) ,) (VP (ADVP consistently) found (NP (ADJP very good) ones))) .)) (TOP (S (PP-TMP After (NP (NP eight moves) (PP by (NP each side)))) , (NP-SBJ the board) (VP was (NP-PRD (NP the same) (PP as (PP-LOC in (NP (NP a game) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ (NP Nigel Short) (PP of (NP Great Britain))) (VP fought (NP the champion) (PP-CLR to (NP a draw)) (PP-TMP in (NP 1980)) (PP-LOC *T*-1))))))))) .)) (TOP (S But (S (NP-SBJ the computer) (VP did n't (VP play (NP (NP (NP Mr. Short 's) ninth move) , (NP a key pawn thrust) ,)))) and (S (NP-SBJ its position) (VP deteriorated (ADVP-MNR rapidly))) .)) (TOP (S (S (PP Instead of (NP (S-NOM (NP-SBJ *) (VP castling)) , (NP (NP a standard measure) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP safeguard (NP the king) (ADVP-MNR *T*-1)))))) ,)) (NP-SBJ D.T.) (VP made (NP a second-rate rook maneuver) (PP-TMP at (NP move 13)))) ; (S (ADVP-TMP then) (NP-SBJ it) (VP put (NP a knight) (ADVP-PUT offside) (PP-TMP on (NP move 16)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP (NP (QP Only two) classes) (PP of (NP minds))) (NP *ICH*-2)) (VP would (VP think (PP-CLR of (NP this))) -- (NP-2 (NP (ADJP very weak) human players) , and (NP computers)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Edmar Mednis) , (NP (NP the expert commentator) (PP for (NP (NP the match) , (SBAR (WHNP-4 which) (S (NP-SBJ-3 *T*-4) (VP was (VP attended (NP *-3) (PP by (NP-LGS (NP hundreds) (PP of (NP chess fans)))))))))))) .)) (TOP (S (PP-TMP By (NP move 21)) , (NP-SBJ D.T.) (VP had (VP fallen (PP-CLR into (NP a deep positional trap)))) .)) (TOP (S (NP-SBJ It) (VP allowed (S (NP-SBJ Mr. Kasparov) (VP to (VP exchange (NP his dark-squared bishop) (PP-CLR for (NP (NP one) (PP of (NP (NP D.T. 's) knights)))))))) .)) (TOP (S (S (NP-SBJ Bishops) (ADVP usually) (VP are (ADJP-PRD worth (NP (NP slightly more) (PP than (NP knights)))))) , but (S (PP in (NP this case)) (S (NP-SBJ-1 Mr. Kasparov) (VP was (VP left (NP *-1) (PP-CLR with (NP a (ADJP very dangerous) knight))))) and (S (NP-SBJ-2 (NP D.T. 's) surviving bishop) (VP was (VP reduced (NP *-2) (PP-CLR to (NP passivity)))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ it) (VP looked (PP (ADVP more) like (NP (NP a pawn) , (NP a `` tall pawn))) , '' (SBAR-ADV as (S (NP-SBJ spectators) (VP (ADVP-MNR snidely) put (NP it))))) .)) (TOP (S (ADVP Consistently) , (NP-SBJ D.T.) (VP was (ADJP-PRD over-optimistic (PP about (NP (NP its chances) , (SBAR (WHNP-1 which) (S (NP-SBJ it) (ADVP continually) (VP sized (PRT up) (NP *T*-1) , (PP-MNR in (NP numerical form))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ most spectators) (VP thought (S (NP-SBJ its position) (ADJP-PRD hopeless)) (ADVP-TMP *T*-1)))) , (NP-SBJ the computer) (VP thought (SBAR 0 (S (NP-SBJ it) (VP was (ADVP only) , (PP in (NP effect)) , (ADVP-PRD (NP (NP one-half) (PP of (NP a pawn))) down))))) .)) (TOP (S (NP-SBJ Such evaluations) (VP (VP met (PP-CLR with (NP derision))) , and (VP kept (NP-1 the machine) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP resigning (ADVP-TMP (ADVP as soon) (SBAR as (S (NP-SBJ humans) (VP would (VP have))))))))) -- (S-ADV (NP-SBJ *) (VP prompting (NP more derision)))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ D.T.) (VP shuffled (NP its king) (ADVP-LOC (ADVP back) and (ADVP forth)) (PP-MNR in (NP a defensive crouch))))) , (NP-SBJ Mr. Kasparov) (VP maneuvered (NP the knight) (PP-CLR to (NP a dominant outpost))) .)) (TOP (S (NP-SBJ-1 He) (ADVP also) (VP launched (NP a kingside storm) , (S-ADV (NP-SBJ-2 *-1) (VP sacrificing (NP a pawn) (S-PRP (NP-SBJ *-2) (VP to (VP denude (NP (NP D.T. 's) king))))))) .)) (TOP (S (NP-SBJ (NP No amount) (PP of (NP weasling))) (VP could (VP have (VP saved (NP this game) (PP for (NP D.T))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADVP-PRD (NP A piece) down)) , (NP-SBJ-1 the computer) (VP resigned) .)) (TOP (S (ADVP-TMP Now) , (PP with (S-NOM (NP-SBJ (NP the crowd) (PP-LOC in (NP the analysis room))) (VP smelling (NP figurative blood)))) , (NP-SBJ-1 the only question) (VP seemed (S (NP-SBJ *-1) (VP to (VP be (SBAR-PRD (WHADVP how fast) (S (NP-SBJ Mr. Kasparov) (VP could (VP win (NP game two) (ADVP-MNR *T*-2))))))))) .)) (TOP (S (PP With (NP (NP the advantage) (PP of (S-NOM (NP-SBJ *) (VP playing (NP (NP white) (PRN -LRB- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP moves (ADVP-TMP first)))) -RRB-))))))) , (NP-SBJ Mr. Kasparov) (VP followed (PRT up) (ADVP-MNR cleverly) (PP against (NP (NP (NP the computer 's) defense) , (NP (NP a Queen 's) Gambit Accepted)))) .)) (TOP (S (ADVP-TMP (ADVP As early) (PP as (NP move six))) , (NP-SBJ-1 Mr. Kasparov) (VP deviated (PP-CLR from (NP (NP a well-known sequence) (PP of (NP moves)))) , (S-ADV (NP-SBJ *-1) (VP (VP developing (NP a knight)) (CONJP instead of) (VP making (NP (NP a standard bishop attack) (PP against (NP (NP the computer 's) advanced knight))))))) .)) (TOP (S (S (NP-SBJ This) (VP left (NP the computer) (PP-CLR with (NP (NP a broader range) (PP of (NP plausible replies)))))) -- and (S (NP-SBJ it) (ADVP-TMP immediately) (VP blundered (PP-MNR by (S-NOM (NP-SBJ *) (VP moving (NP a queenside pawn) , (PP to (NP (NP the neglect) (PP of (NP kingside development))))))))) .)) (TOP (S `` (S-TPC-1 (PP-LOC In (NP a new position)) (PP-TMP (ADVP just) after (NP the opening)) , (NP-SBJ a computer) (VP will (VP have (NP serious problems)))) , '' (NP-SBJ Mr. Kasparov) (VP said (S *T*-1) (ADVP-TMP later)) .)) (TOP (S-1 (PP-LOC In (NP such positions)) (PRN , (S (NP-SBJ he) (VP explained (SBAR 0 (S *T*-1)))) ,) `` (S (NP-SBJ-2 you) (VP have (S (NP-SBJ *-2) (VP to (VP create (NP (NP something) (ADJP new))))))) , and (S (NP-SBJ-3 the computer) (VP is n't (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP do (NP that) (ADVP-TMP right now))))))) . '')) (TOP (S (PP-TMP After (NP (NP (QP only 11) moves) (PP for (NP each side)))) , (NP-SBJ (NP the computer 's) position) (VP was (ADJP-PRD shaky)) .)) (TOP (S (ADVP-MNR Greedily) , (NP-SBJ-1 it) (VP grabbed (NP a pawn) , (PP at (NP (NP the cost) (PP of (S-NOM (NP-SBJ *-1) (VP facing (NP a brutal attack))))))) .)) (TOP (S And (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 a defensive move) (VP was (VP called (PP-CLR for (NP *-1)) (ADVP-TMP *T*-2))))) , (NP-SBJ D.T.) (VP (VP passed (PRT up) (NP an obvious pawn move)) and (VP (ADVP instead) exposed (NP its queen) (PP-CLR to (NP immediate tactical threats)))) .)) (TOP (S (NP-SBJ Mr. Kasparov) (VP remarked (ADVP-TMP later) (SBAR that (S `` (NP-SBJ even a weak club player) '' (VP would (VP have (VP avoided (NP the queen move))))))) .)) (TOP (S (ADVP-TMP Now) , (PP-TMP after (NP (QP only a dozen) moves)) , (NP-SBJ spectators) (VP were (VP looking (PP-CLR for (NP a mating combination)))) .)) (TOP (S (S (PP-LOC On (NP a demonstration board)) , (NP-SBJ emcee Shelby Lyman) (VP showed (NP (NP a quick kill) (VP initiated (NP *) (PP by (NP-LGS a knight sacrifice)))))) ; (S (NP-SBJ no spectator) (VP refuted (NP (NP this line) (PP of (NP play))))) .)) (TOP (S (NP-SBJ (NP Mr. Kasparov 's) continuation) (VP was (ADJP-PRD-1 slower)) but (VP (PRN , (PP-TMP in (NP the end)) ,) (PP-PRD=1 just as (ADJP deadly))) .)) (TOP (S (NP-SBJ He) (VP won (NP (NP D.T. 's) queen) (PP-CLR for (NP (NP (NP two minor pieces) and (NP two pawns)) -- (NP (NP not enough compensation) (PRN , (PP-LOC in (NP this position)) ,) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP give (NP the computer) (NP much hope))))))))) .)) (TOP (S (PP-LOC In (NP a hopeless position)) , (NP-SBJ the computer) (VP (VP resigned) (CONJP rather than) (VP make (NP its 37th move))) .)) (TOP (S And (NP-SBJ Mr. Kasparov) (PRN , (PP to (NP cheers and applause)) ,) (VP marched (ADVP-DIR back) (PP-DIR into (NP the analysis room))) .)) (TOP (S `` (S-TPC-2 (PP-LOC In (NP both games)) (NP-SBJ I) (VP got (SBAR-NOM (WHNP-1 exactly what) (S (NP-SBJ I) (VP wanted (NP *T*-1)))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S-2 (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ he) (VP had (VP demonstrated (NP *T*-1))))) (PRN , (S (NP-SBJ he) (VP added (SBAR 0 (S *T*-2)))) ,) (VP is (SBAR-PRD that (S (NP-SBJ there) (VP 's (NP-PRD (NP more) (PP to (NP chess)) (PP than (NP sheer calculation))))))) .)) (TOP (S (ADJP Undeterred) , (NP-SBJ-1 (NP D.T. 's) handlers) (VP vowed (S (NP-SBJ *-1) (VP to (VP press (ADVP on))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP three) (PP of (NP them))) (VP will (VP be (VP building (NP a successor machine) (PP-BNF for (NP International Business Machines Corp))))) .)) (TOP (SINV Promises (NP-SBJ Feng-hsiung Hsu) : `` (S (PP-TMP In (NP three years)) (NP-SBJ we) (VP 'll (VP mount (NP a better challenge)))) . '')) (TOP (S (NP-SBJ Mr. Tannenbaum) (VP is (NP-PRD (NP a reporter) (PP-LOC in (NP (NP the Journal 's) New York bureau)))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Reaching (PP-CLR for (NP (NP that extra bit) (PP of (NP yield)))))) (VP can (VP be (NP-PRD a big mistake) -- (SBAR-ADV (ADVP especially) if (S (NP-SBJ you) (VP do n't (VP understand (SBAR (WHNP-1 what) (S (NP-SBJ you) (VP 're (VP investing (PP-CLR in (NP *T*-1)))))))))))) .)) (TOP (S (NP-SBJ *) (VP (ADVP Just) ask (NP (NP Richard Blumenfeld) , (NP (NP a New Jersey dentist) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP considers (S (NP-SBJ himself) `` (NP-PRD a (ADJP reasonably sophisticated) investor)))))))) . '')) (TOP (S (PP-TMP In (NP May 1986)) , (NP-SBJ Dr. Blumenfeld) (VP gave (NP Merrill Lynch & Co.) (NP (NP (QP about $ 40,000) *U*) (PP for (NP (NP (NP a (ADJP federally insured) certificate) (PP of (NP deposit))) (VP offering (NP (NP an effective yield) (PP of (NP (QP more than 9) %)))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ It) (VP was (NP-PRD (NP a time) (SBAR (WHADVP-1 when) (S (NP-SBJ interest rates) (VP came (ADVP-CLR down) (ADVP-MNR very rapidly) (ADVP-TMP *T*-1))))))) , '' (NP-SBJ Dr. Blumenfeld) (VP recalls (S *T*-2)) .)) (TOP (S (S (NP-SBJ (NP Yields) (PP on (NP five-year CDs)) (PP-LOC at (NP major banks))) (VP were (VP averaging (NP (QP about 7.45) %)))) , and (S (NP-SBJ 10-year Treasury notes) (VP were (VP paying (NP (QP less than 8) %)))) .)) (TOP (S (NP-SBJ The CD) (VP seemed (PP-CLR like (NP a great deal))) .)) (TOP (S But (ADVP-TMP (NP nearly (QP 3 1) years) later) , (NP-SBJ Merrill) (VP says (SBAR 0 (S (NP-SBJ the investment) (VP is (ADJP-PRD worth (NP (NP (QP about $ 43,000) *U*) -- (NP (NP an amount) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP represents (NP (NP an annual return) (PP of (NP (QP just over 2) %)) (PP on (NP (NP Dr. Blumenfeld 's) $ 40,000 *U*))))))))))))) .)) (TOP (S (NP-SBJ The problem) (VP is (SBAR-PRD that (S (NP-SBJ (NP the CD) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP bought (NP *T*-1) (PP-PRP for (NP a retirement plan)))))) (VP was n't (NP-PRD a (ADJP plain vanilla) CD))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ his Merrill broker) (VP put (NP him) (PP-PUT in (NP (NP a zero-coupon CD) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP sold (NP *-1) (PP-CLR at (NP (NP a deep discount) (PP to (NP its face value))))))))))) .)) (TOP (S (NP-SBJ (NP The difference) (PP between (NP (NP the price) and (NP (NP the face value) (ADJP payable (PP at (NP maturity))))))) (VP is (NP-PRD (NP the investor 's) return)) .)) (TOP (S (ADJP More important) , (NP-SBJ-1 the CD) (VP was (VP purchased (NP *-1) (PP-LOC on (NP the (UCP secondary , or resale ,) market)))) .)) (TOP (S (SBAR-PRP Because (S (S (NP-SBJ the CD) (VP had (NP (NP an effective yield) (PP of (NP 13.4 %))) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-1 it) (VP was (VP issued (NP *-1) (PP-TMP in (NP 1984)) (ADVP-TMP *T*-4))))))) , and (S (NP-SBJ (NP interest rates) (PP in (ADJP general))) (VP had (VP declined (ADVP-MNR sharply) (PP-TMP since (NP then))))))) , (NP-SBJ (NP part) (PP of (NP (NP the price) (SBAR (WHNP-3 0) (S (NP-SBJ Dr. Blumenfeld) (VP paid (NP *T*-3))))))) (VP was (NP-PRD (NP a premium) -- (NP (NP (NP an additional amount) (PP-LOC on (NP (NP top) (PP of (NP (NP the CD 's) base value))))) plus (NP accrued interest)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP represented (NP (NP the CD 's) increased market value)))))) .)) (TOP (S (S (ADVP-TMP Now) (NP-SBJ (NP the thrift) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP issued (NP the CD))))) (VP is (ADJP-PRD insolvent))) , and (S (NP-SBJ Dr. Blumenfeld) (VP has (VP learned (PP to (NP his surprise)) (SBAR that (S (NP-SBJ the premium) (VP is n't (VP insured (PP-LOC under (NP federal deposit insurance))))))))) .)) (TOP (S (NP-SBJ The tip-off) (VP came (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP (VP opened (NP a recent Merrill Lynch statement)) and (VP found (SBAR that (S (NP-SBJ (NP the CD 's) `` estimated current market value '') (VP had (VP plummeted (PP-EXT by (NP $ 9,000 *U*)) (PP-TMP in (NP a month))))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (ADVP-TMP (NP (NP Several phone calls) and (NP (NP a visit) (PP to (NP (NP his broker 's) office)))) later) , (NP-SBJ the dentist) (VP found (PRT out) (SBAR (SBAR that (S (NP-SBJ the (ADJP $ 9,000 *U*) drop) (VP represented (NP (NP the current value) (PP of (NP (NP the premium) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP paid (NP *T*-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ he) (VP bought (NP the CD) (ADVP-TMP *T*-2))))))))))))) , and (SBAR that (S (NP-SBJ-3 the amount) (VP was n't (VP insured (NP *-3))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ This) (VP is (NP-PRD (NP one thing) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP was (ADVP-TMP never) (ADJP-PRD aware (PP of (NP *T*-1))))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (S-TPC-2 (NP-SBJ He) (VP assumed (SBAR that (S (NP-SBJ-1 principal and interest) (VP were `` (VP (ADVP-MNR fully) insured (NP *-1) (PP up (PP to (NP $ 100,000 *U*))))))))) , '' (NP-SBJ he) (VP adds (S *T*-2)) .)) (TOP (S (NP-SBJ Dr. Blumenfeld) (VP is n't (ADJP-PRD unique)) .)) (TOP (S (ADVP Especially) (PP-TMP at (NP (NP times) (PP like (NP these)) , (SBAR (WHADVP when) (S (NP-SBJ declining rates) (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD hard) (SBAR-1 for (S (NP-SBJ investors) (VP to (VP get (NP (NP yields) (SBAR (WHNP-2 0) (S (NP-SBJ-3 they) (VP have (VP come (S (NP-SBJ *-3) (VP to (VP expect (NP *T*-2))))))))))))))))))) , (NP-SBJ-4 (ADJP too many) people) (VP chase (NP (NP the promise) (PP of (NP above-market returns))) (PP-MNR without (S-NOM (NP-SBJ *-4) (VP (ADVP-MNR fully) appreciating (NP the risk))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Yield greed) (ADVP-TMP often) (VP gets (PP-CLR in (NP (NP the way) (PP of (S-NOM (NP-SBJ *) (VP understanding (NP things)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP John Markese) , (NP (NP research director) (PP of (NP (NP (NP the American Association) (PP of (NP Individual Investors))) , (NP a Chicago-based educational group))))) .)) (TOP (S `` (NP-SBJ (NP The biggest problem) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP have (NP *T*-1))))) (VP is (SBAR-PRD that (S (NP-SBJ investors) (VP realize , (PP-TMP after (NP the fact)) , (SBAR that (S (NP-SBJ they) (VP did n't (VP understand (SBAR (WHNP-2 what) (S (NP-SBJ they) (VP were (VP investing (PP-CLR in (NP *T*-2)))))))))))))) . '')) (TOP (S (NP-SBJ Dr. Blumenfeld) (VP concedes (SBAR 0 (S (NP-SBJ he) (VP did n't (VP (ADVP-MNR fully) understand (SBAR (WHNP-1 what) (S (NP-SBJ he) (VP was (VP buying (NP *T*-1)))))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR that (S (NP-SBJ he) (VP knew (SBAR (SBAR 0 (S (NP-SBJ he) (VP was (VP getting (NP a zero-coupon CD))))) and (SBAR that (S (NP-SBJ he) (VP had (ADVP-TMP previously) (VP invested (PP-CLR in (NP (NP TIGRs) (PRN -LRB- (NP Treasury Income Growth Receipts) -RRB-) , (NP (NP a type) (PP of (NP (NP zero-coupon Treasury security) (VP sold (NP *) (PP by (NP-LGS Merrill Lynch))))))))))))))))) .)) (TOP (S But (S (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ he) (VP did n't (VP understand (SBAR 0 (S (NP-SBJ he) (VP was (VP buying (NP the CD) (PP-LOC on (NP the secondary market)))))))))))) , and (S (NP-SBJ he) (VP contends (SBAR 0 (S (NP-SBJ his broker) (ADVP-TMP never) (VP (ADVP-MNR fully) explained (NP the risks)))))) .)) (TOP (S (NP-SBJ-1 (NP The broker) , (NP (NP Thomas Beairsto) (PP of (NP (NP Merrill Lynch 's) (NAC-LOC Morristown , N.J. ,) office))) ,) (VP refuses (S (NP-SBJ *-1) (VP to (VP discuss (NP the matter) (PP-CLR with (NP a reporter))))) , (S-ADV (NP-SBJ *-1) (VP referring (NP inquiries) (PP-CLR to (NP (NP Merrill Lynch officials) (PP-LOC in (NP New York))))))) .)) (TOP (S (NP-SBJ Those officials) (VP say (SBAR 0 (S (NP-SBJ there) (VP was (NP-PRD (NP full disclosure) (PP of (NP the risks))) (PP-LOC in (NP (NP a `` fact sheet '') (VP sent (NP *) (PP-DTV to (NP all CD investors)) (PP-TMP with (NP (NP their confirmation) (PP of (NP sale))))))))))) .)) (TOP (S (NP-SBJ (NP The fact sheet) , (VP dated (NP *) (NP-TMP April 1986)) ,) (VP says (PP-LOC on (NP page three)) : `` (S (SBAR-ADV If (S (NP-SBJ (NP the price) (VP paid (NP *) (PP-CLR for (NP (NP a CD) (VP purchased (NP *) (PP-LOC in (NP the secondary market))))))) ... (VP is (ADJP-PRD (ADJP higher) (PP than (NP (NP the accreted value) (PP in (NP (NP the case) (PP of (NP zero-coupon CDs)))))))))) , (NP-SBJ-1 the difference) ... (VP is not (VP insured (NP *-1))))) ... .)) (TOP (S (S (NP-SBJ (NP Computations) (PP involving (NP zero-coupon CDs))) (VP are (ADJP-PRD more complicated))) and (S (NP-SBJ you) (VP should (VP discuss (NP (NP any questions) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP may (VP have (NP *T*-1)))))) (PP-CLR with (NP your financial consultant))))) . '')) (TOP (S (NP-SBJ Dr. Blumenfeld) (VP says (SBAR 0 (S (NP-SBJ he) (VP (VP does n't (VP remember (NP (NP the paragraph) (PP about (NP premiums)) (PP-LOC in (NP (NP the fact sheet) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP received (NP *T*-2))))))))) and (VP did n't (VP realize (SBAR 0 (S (NP-SBJ (NP part) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ he) (VP paid (NP *T*-1)))))) (VP was (NP-PRD a premium)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP assumed (SBAR 0 (S (NP-SBJ I) (VP was (VP buying (NP a CD) (PP-CLR as (NP a CD)))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ Merrill Lynch) (VP has (VP agreed (SBAR that (S (SBAR-ADV if (S (S (NP-SBJ-1 (NP (NP the thrift) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP issued (NP (NP Dr. Blumenfeld 's) CD))))) , (NP (NP Peoples Heritage Federal Savings & Loan Association) (PP-LOC in (NP (NP Salina) , (NP Kan.) ,)))) (VP is (VP liquidated (NP *-1)))) and (S (NP-SBJ-4 the CD) (VP terminated (NP *-4))))) , (NP-SBJ the brokerage firm) (VP would (VP cover (NP (NP the premium) (SBAR (WHNP-3 0) (S (NP-SBJ Dr. Blumenfeld) (VP paid (NP *T*-3))))))))))) .)) (TOP (S -LRB- (NP-SBJ Federal deposit insurance) (VP would (VP pay (NP (NP principal and interest) (VP accrued (NP *) (PP-TMP to (NP (NP the date) (PP of (NP liquidation))))) , (PP to (NP (NP a maximum) (PP of (NP $ 100,000 *U*))))))) . -RRB-)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ It) (VP 's (NP-PRD not a blanket commitment))) , (S (NP-SBJ it) (VP 's (NP-PRD a case-by-case situation)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Albert Disposti) , (NP (NP a managing director) (PP of (NP Merrill Lynch Money Markets Inc)))) .)) (TOP (S `` (NP-SBJ There) (VP 's (NP-PRD a question (SBAR whether (S (NP-SBJ (NP brokers) (PP-TMP at (NP the time))) (VP were (ADJP-PRD fully aware '' (PP of (NP the risks)))))))) .)) (TOP (S `` (NP-SBJ We) (VP were n't (ADJP-PRD sure (SBAR that (S (NP-SBJ-1 full disclosure) , (SBAR-MNR as (S (NP-SBJ we) (VP wanted (NP it)))) , (VP was (VP being (VP made (NP *-1)))))))) . '')) (TOP (S (NP-SBJ Merrill Lynch) (VP says (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD impossible) (S-1 (NP-SBJ *) (VP to (VP estimate (SBAR (WHNP-2 (WHADJP how many) investors) (S (NP-SBJ *T*-2) (VP are (PP-PRD in (NP (NP Dr. Blumenfeld 's) situation))))))))))) , (SBAR-ADV although (S (NP-SBJ it) (VP says (SBAR 0 (S (NP-SBJ the firm) (VP has (VP received (NP (NP (QP only one) other complaint) (PP about (NP (NP premiums) (PP-LOC on (NP the secondary market))))) (PP-TMP in (NP three years)))))))))) .)) (TOP (S (NP-SBJ Merrill Lynch) (ADVP-TMP now) (VP provides (NP (NP credit rating information) (PP about (NP (NP the institutions) (SBAR (WHNP-1 whose CDs) (S (NP-SBJ it) (VP sells (NP *T*-1)))))) , (SBAR (WHNP-2 which) (S (NP-SBJ it) (VP did n't (VP provide (NP *T*-2) (PP-TMP in (NP 1986)))))))) .)) (TOP (S (S (NP-SBJ Zero-coupon CDs) (VP are (NP-PRD (NP only a small portion) (PP of (NP (NP the (QP $ 1 trillion-plus) *U*) (PP-LOC in (NP CDs)) (ADJP outstanding)))))) , and (S (NP-SBJ (NP those) (VP purchased (NP *) (PP-LOC on (NP the secondary market)))) (VP are (NP-PRD (NP an (ADJP even smaller) part) (PP of (NP the total))))) .)) (TOP (S (NP-SBJ Merrill Lynch) (VP estimates (SBAR that (S (NP-SBJ (QP fewer than 10) financial institutions) (VP (ADVP-TMP currently) issue (NP zero-coupon CDs))))) .)) (TOP (S (ADVP Still) , (NP-SBJ there) (VP are (NP-PRD (NP (QP several billion) dollars) (PP of (NP zero-coupon CDs)) (PP with (NP various maturities)) (ADJP outstanding))) .)) (TOP (S (PP-PRP Because of (NP (NP the tax consequences) (PP of (NP zero-coupon investments)) (PRN -- (S (NP-SBJ income tax) (VP is (ADJP-PRD payable (PP-TMP in (NP (NP the year) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 interest) (VP is (VP accrued (NP *-1) (ADVP-TMP *T*-2)))))))) , (SBAR-ADV although (S (NP-SBJ-3 interest) (VP is n't (VP (ADVP actually) paid (NP *-3) (PP-TMP until (NP maturity)))))))) --))) (NP-SBJ-4 zero-coupon CDs) (VP are (ADVP usually) (VP sold (PP-PRP for (NP tax-advantaged accounts)) (S-PRP (NP-SBJ *-4) (VP to (VP finance (NP (NP things) (PP like (NP (NP retirement) and (NP (NP children 's) education))))))))) .)) (TOP (S (S (NP-SBJ Most zero-coupon CDs) (VP are (PP-LOC-PRD in (NP (NP maturities) (PP of (NP (QP six to nine) years)))))) , and (S (NP-SBJ they) (ADVP usually) (VP double (PP-CLR in (NP value)) (PP-TMP by (NP maturity)))) .)) (TOP (S But (NP-SBJ (NP investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP bought (NP zero-coupon CDs) (PP-LOC in (NP the secondary market)))))) (VP are n't (NP-PRD (NP the only ones) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP may (VP be (VP surprised (S (NP-SBJ *-3) (VP to (VP learn (SBAR 0 (S (NP-SBJ-4 (NP the full amount) (PP of (NP their investments))) (VP is n't (VP insured (NP *-4))))))))))))))) .)) (TOP (S (NP-SBJ (NP People) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP paid (NP a premium) (PP-CLR for (NP (NP standard CDs) (VP purchased (NP *) (PP-LOC on (NP the secondary market))))))))) (VP could (ADVP also) (VP find (SBAR that (S (NP-SBJ-3 those premiums) (VP are n't (VP insured (NP *-3))))) (SBAR-ADV if (S (NP-SBJ (NP the institutions) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP issued (NP the CDs))))) (VP failed))))) .)) (TOP (S (ADVP However) , (S (NP-SBJ those premiums) (VP are (ADVP usually) (ADJP-PRD (ADJP far smaller) (PP than (PP-LOC on (NP zero-coupon CDs)))))) , and (S (NP-SBJ (NP the simpler pricing structure) (PP of (NP a standard CD))) (VP makes (S (NP-SBJ it) (ADJP-PRD more apparent)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-3 a premium) (VP is (VP paid (NP *-3) (ADVP-TMP *T*-1))))))) .)) (TOP (S-3 (S-ADV (NP-SBJ Whatever) (NP-PRD the case)) (PRN , (S (NP-SBJ a Merrill Lynch spokesman) (VP emphasizes (SBAR 0 (S *T*-3)))) ,) (NP-SBJ-4 investors) (VP should n't (VP have (S (NP-SBJ *-4) (VP to (VP worry (PP-CLR about (NP the uninsured premium issue)) , (SBAR-ADV unless (S (S (NP-SBJ-1 (NP the bank or thrift) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP issued (NP the CD))))) (VP is (VP-6 closed (NP *-1)))) and (S (NP-SBJ=1-5 its deposits) (VP=6 (VP paid (NP *-5) (PRT off) (PP-TMP before (NP maturity))) or (VP transferred (PP-CLR to (NP another institution)) (PP at (NP a lower rate)))))))))))) .)) (TOP (S (NP-SBJ Dr. Blumenfeld) (VP says (SBAR 0 (S (NP-SBJ he) (VP 's (ADJP-PRD satisfied (SBAR that (S (NP-SBJ-1 his problem) (VP has (VP been (VP resolved (NP *-1))))))))))) .)) (TOP (S And (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ he) (VP 's (VP learned (NP (NP a lesson) : `` (S (NP-SBJ-1 You) (ADVP-TMP always) (VP have (S (NP-SBJ *-1) (VP to (VP watch (PRT out) (PP for (NP yourself))))))))))))) .)) (TOP (S (NP-SBJ (NP No one) (NP else)) (VP will (VP watch (PRT out) (PP for (NP you)))) .)) (TOP (S (S (NP-SBJ Americans) (VP are (VP drinking (ADVP less)))) , but (S (NP-SBJ-1 (NP young professionals) (PP-LOC (PP from (NP Australia)) (PP to (NP West Germany)))) (VP are (VP rushing (S (NP-SBJ *-1) (VP to (VP buy (NP premium-brand American (NX (NX vodka) , (NX brandy) and (NX other spirits))))))))) .)) (TOP (S (PP In (ADJP particular)) , (NP-SBJ many) (VP are (VP (VP snubbing (NP (NP the scotch) (VP preferred (NP *) (PP by (NP-LGS their parents))))) and (VP opting (PP-CLR for (NP (NP bourbon) , (NP (NP the sweet firewater) (PP-LOC from (NP the Kentucky countryside)))))))) .)) (TOP (S (PP With (S-NOM (NP-SBJ U.S. liquor consumption) (VP declining (ADVP-MNR steadily)))) , (NP-SBJ many American producers) (VP are (VP stepping (PRT up) (NP (NP their marketing efforts) (ADVP-LOC abroad)))) .)) (TOP (S (S And (NP-SBJ those efforts) (VP are (VP paying (PRT off)))) : (S (NP-SBJ Spirits exports) (VP jumped (NP (QP more than 2 1) times) (PP-DIR to (NP (QP $ 157.2 million) *U*) (PP-TMP in (NP 1988))) (PP-DIR from (NP (QP $ 59.8 million) *U*) (PP-TMP in (NP 1983))) , (PP according (PP to (NP (NP (NP the Distilled Spirits Council) (PP of (NP the U.S.))) , (NP a trade group)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Spirits companies) (ADVP-TMP now) (VP view (NP themselves) (PP-CLR as (NP global marketers)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Michael Bellas) , (NP (NP president) (PP of (NP (NP Beverage Marketing Corp.) , (NP a research and consulting firm))))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ-1 you) (VP want (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a player))))))) , (NP-SBJ-2 you) (VP have (S (NP-SBJ *-2) (VP to (VP be (PP-PRD in (NP (NP America) , (NP Europe) and (NP the Far East))))))) .)) (TOP (S (NP-SBJ You) (VP must (VP have (NP (NP world-class brands) , (NP a long-term perspective) and (NP deep pockets)))) . '')) (TOP (S (NP-SBJ-1 (NP The internationalization) (PP of (NP the industry))) (VP has (VP been (VP hastened (NP *-1) (PP by (NP-LGS (NP (NP foreign companies ') acquisitions) (PP of (NP many U.S. producers))))))) .)) (TOP (S (PP-TMP In (NP recent years)) , (PP for (NP example)) , (NP-SBJ (NP Grand Metropolitan PLC) (PP of (NP Britain))) (VP acquired (NP Heublein Inc.) , (SBAR-ADV while (S (NP-SBJ (NP another British company) , (NP Guinness PLC) ,) (VP took (PRT over) (NP (NP United Distillers Group) and (NP Schenley Industries Inc)))))) .)) (TOP (S But (NP-SBJ-1 the shift) (VP has (ADVP also) (VP been (VP fueled (NP *-1) (PP by (NP-LGS necessity))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP premium-brand spirits) (PP like (NP (NP Smirnoff vodka) and (NP (NP Jack Daniel 's) whiskey)))) (VP are (VP riding (ADVP-CLR high) (PP-LOC in (NP the U.S.)))))) , (NP-SBJ domestic spirits consumption) (VP fell (NP-EXT 15 %) (PP-DIR to (NP (QP 141.1 million) cases) (PP-TMP in (NP 1988))) (PP-DIR from (NP (QP 166 million) cases) (PP-TMP in (NP 1979)))) .)) (TOP (S (PP-TMP In (NP recent years)) , (NP-SBJ growth) (VP has (VP come (PP-LOC in (NP the foreign markets)))) .)) (TOP (S (NP-SBJ U.S. brandy exports) (VP (ADVP more than) doubled (NP-TMP last year) (PP-DIR to (NP (NP 360,000 proof gallons) , (NP a standard industry measure) ,)) (PP according (PP to (NP (NP Jobson Beverage Alcohol Group) , (NP an industry association))))) .)) (TOP (S (NP-SBJ (NP Exports) (PP of (NP rum))) (VP surged (NP-EXT 54 %) (PP-DIR to (NP 814,000 proof gallons))) .)) (TOP (S (NP-SBJ Mexico) (VP is (NP-PRD (NP the biggest importer) (PP of (NP (NP both rum and brandy) (PP-LOC from (NP the U.S)))))) .)) (TOP (S (NP-SBJ (NP Japan) , (NP (NP (NP the world 's) third-largest liquor market) (PP after (NP (NP the U.S.) and (NP Britain)))) ,) (VP helped (NP American companies) (PP-TMP in (NP (NP April) (SBAR (WHADVP-1 when) (S (NP-SBJ it) (VP (VP lowered (NP (NP its tax) (PP on (NP imported spirits)))) and (VP levied (NP a tax) (PP-CLR on (NP many domestic products))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ (NP California wineries) , (VP benefiting (PP-CLR from (NP (NP lowered trade barriers) and (NP federal marketing subsidies)))) ,) (VP are (VP expanding (ADVP-MNR aggressively) (PP-CLR into (NP (NP Japan) , (PP as well as (NP (NP Canada) and (NP Great Britain))))))) .)) (TOP (S (PP-LOC In (NP Japan)) , (NP-SBJ the wineries) (VP are (VP (VP promoting (NP (NP their products ') Pacific roots)) and (VP courting (NP (NP restaurant and hotel chefs) , (SBAR (WHNP-1 whose recommendations) (S (NP-SBJ *T*-1) (VP carry (NP weight)))))))) .)) (TOP (S (PP-LOC In (NP Australia , Britain , Canada and Greece)) , (NP-SBJ Brown-Forman Corp.) (VP has (VP increased (NP (NP its marketing) (PP of (NP Southern Comfort Liqueur))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Using (NP cinema , television and print ads))) , (NP-SBJ-1 the company) (VP pitches (NP Southern Comfort) (PP-CLR as (NP (NP a grand old drink) (PP of (NP the antebellum American South))))) .)) (TOP (S (NP-SBJ-1 The biggest foreign inroads) , (ADVP though) , (VP have (VP been (VP made (NP *-1) (PP by (NP-LGS bourbon))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP U.S. makers) (PP of (NP (NP vodka) , (NP rum) and (NP other spirits)))) (VP compete (PP-CLR against (NP powerhouses)) (ADVP-LOC abroad)))) , (NP-SBJ trade agreements) (VP prohibit (NP any other country) (PP-CLR from (S-NOM (NP-SBJ *) (VP making (NP bourbon))))) .)) (TOP (S -LRB- (NP-SBJ All bourbon) (VP comes (PP from (NP Kentucky)) , (SBAR-ADV though (S (NP-SBJ-1 (NP Jack Daniel 's) Tennessee whiskey) (ADVP-TMP often) (VP is (VP counted (NP *-1) (PP-CLR as (NP bourbon)) (PP-PRP because of (NP (NP similarity) (PP of (NP taste))))))))) . -RRB-)) (TOP (S (ADVP Moreover) , (SBAR-ADV (ADVP just) as (S (NP-SBJ vodka) (VP has (VP acquired (NP an upscale image) (PP-LOC in (NP the U.S.)))))) , (NP-SBJ bourbon) (VP has (VP become (NP-PRD fashionable) (PP-LOC in (NP many foreign countries)) , (NP-ADV (NP a (ADJP uniquely American) product) (VP tied (NP *) (PP-CLR to (NP frontier folklore)))))) .)) (TOP (SBARQ (WHADVP-1 How) (SQ was (NP-SBJ the West) (VP won (ADVP-MNR *T*-1))) ?)) (TOP (FRAG (PP-MNR With (NP (NP (NP a six-shooter) (PP-LOC in (NP one hand))) and (NP (NP bourbon) (PP-LOC in (NP the other)))) .))) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP imagine (PP with (NP bourbon)) (NP (NP the Wild West) , (NP Western motion pictures) and (NP (NP gunmen) (VP appearing))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Kenji Kishimoto) , (NP (NP vice president) (PP of (NP (NP Suntory International Corp.) , (NP (NP a division) (PP of (NP (NP Suntory Ltd.) , (NP (NP Japan 's) largest liquor company)))))))) .)) (TOP (S (NP-SBJ Suntory) (VP distributes (NP Brown-Forman bourbons) (PP-LOC in (NP Japan))) .)) (TOP (S (S (S (NP-SBJ Bourbon) (VP makes (PRT up) (NP (NP (QP just 1) %) (PP of (NP world-wide spirits consumption))))) , but (S (NP-SBJ it) (VP represented (NP (NP 57 %) (PP of (NP U.S. liquor exports))) (NP-TMP last year))) , (PP according (PP to (NP Jobson)))) ; (S (NP-SBJ no other category) (VP had (NP (QP more than 19) %))) .)) (TOP (S (NP-SBJ Big U.S. distillers) (VP are (VP (ADVP-MNR fiercely) vying (PP-CLR for (NP (NP this market) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP grew (PP-DIR to (NP (QP $ 77 million) *U*) (NP-TMP last year)) (PP-DIR from (NP (QP $ 33 million) *U*) (PP-TMP in (NP 1987))) , (PP according (PP to (NP government figures)))))))))) .)) (TOP (S (NP-SBJ (NP Jim Beam Brands Co.) , (NP (NP a division) (PP of (NP American Brands Inc.))) ,) (VP (VP is (NP-PRD (NP the leading exporter) (PP of (NP bourbon)))) and (VP produces (NP (NP 10 other types) (PP of (NP liquor))))) .)) (TOP (S (NP-SBJ The company) (VP says (SBAR 0 (S (NP-SBJ it) (VP will (VP increase (NP its international advertising) (NP-EXT 35 %) (PP-TMP in (NP 1990)) , (PP with (S-NOM (NP-SBJ bourbon) (VP representing (NP (NP most) (PP of (NP that amount))))))))))) .)) (TOP (S (NP-SBJ (NP Guinness 's) Schenley Industries unit) (VP (VP has (VP increased (NP its TV advertising) (PP-LOC in (NP Japan)))) and (VP has (VP built (NP (NP partnerships) (PP with (NP duty-free shops))) (PP-LOC throughout (NP Asia)))) , (S-ADV (NP-SBJ *) (VP enabling (S (NP-SBJ it) (VP to (VP install (NP prominent counter displays))))))) .)) (TOP (S (NP-SBJ (NP The company 's) I.W. Harper brand) (VP is (NP-PRD (NP the leading bourbon) (PP-LOC in (NP Japan))) , (PP with (NP (NP 40 %) (PP of (NP the market))))) .)) (TOP (S (NP-SBJ-2 Bourbon exporters) (VP have (VP succeeded (PP-LOC in (NP (NP Japan) (SBAR (WHADVP-1 where) (S (NP-SBJ other industries) (VP have (VP failed (ADVP-LOC *T*-1))))))) , (S-ADV (NP-SBJ-3 *-2) (VP avoiding (NP (NP cultural hitches) (PP-LOC in (NP marketing and distribution))) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP allying (NP themselves) (PP-CLR with (NP local agents))))))))) .)) (TOP (S (NP-SBJ Jim Beam Brands) (VP has (NP (NP a distribution partnership) (PP with (NP (NP Nikka Whiskey Co.) , (NP a distiller))))) .)) (TOP (S (NP-SBJ (NP Seagram Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP exports (NP Four Roses bourbon)))) ,) (VP has (NP (NP such a link) (PP with (NP Kirin Brewery Co)))) .)) (TOP (S (NP-SBJ Some bourbon makers) (VP advertise (ADVP-LOC abroad) (SBAR-MNR as (S (NP-SBJ they) (VP do (VP *?* (PP-LOC at (NP home))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP promote (NP Jack Daniel 's) (ADVP-LOC overseas)))) , (NP-SBJ-1 Brown-Forman) (VP uses (NP (NP the same photos) (PP of (NP (NP (NP front porches) (PP from (NP (NP Lynchburg) , (NP Va.)))) , and (NP (NP avuncular old men) (PP in (NP overalls and hightops))))))) .)) (TOP (S (NP-SBJ Jim Beam print ads) , (ADVP however) , (VP strike (NP different chords) (PP-LOC in (NP different countries))) .)) (TOP (S (PP-LOC In (NP (NP Australia) , (NP (NP land) (PP of (NP the outback))) ,)) (NP-SBJ (NP a snapshot) (PP of (NP Jim Beam))) (VP lies (PP-LOC on (NP (NP a strip) (PP of (NP hand-tooled leather))))) .)) (TOP (S (NP-SBJ West Germans) (VP get (NP glitz) , (PP with (NP (NP (NP bourbon) (PP-LOC in (NP the foreground))) and (NP (NP a posh Beverly Hills hotel) (PP-LOC in (NP the background)))))) .)) (TOP (S (NP-SBJ (NP Ads) (PP for (NP England))) (VP are (ADJP-PRD artsy and irreverent)) .)) (TOP (S (NP-SBJ One ad) (VP features (NP (NP a huge robot) (VP carrying (NP (NP a voluptuous woman) (PP in (NP a faint)))))) .)) (TOP (NP (NP The tagline) : `` (S (NP-SBJ I) (VP (ADVP only) asked (SBAR if (S (NP-SBJ she) (VP wanted (NP a Jim Beam)))))) .)) (TOP (S (NP-SBJ (NP Capital Cities/ABC Inc. 's) net income) (VP rose (NP-EXT 29 %) (PP (PP on (NP (NP a modest (ADJP 9 %) increase) (PP-LOC in (NP revenue)) (PP-TMP in (NP the third quarter)))) , (PP (ADVP mainly) on (NP (NP strong advertising demand) (PP-LOC at (NP its ABC television network operation)))))) .)) (TOP (S (NP-SBJ (NP Demand) (PP for (NP ads))) (ADVP also) (VP rose (PP-LOC (PP at (NP (NP the eight TV stations) (SBAR (WHNP-1 0) (S (NP-SBJ Capital Cities) (VP owns (NP *T*-1)))))) and (PP at (NP its 80%-owned ESPN sports cable channel)))) .)) (TOP (S (NP-SBJ The broadcast and publishing company) (VP reported (SBAR 0 (S (NP-SBJ net) (VP climbed (PP-DIR to (NP (NP (QP $ 80.8 million) *U*) , or (NP (NP $ 4.56 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 62.6 million) *U*) , or (NP (NP $ 3.55 *U*) (NP-ADV a share))) , (PP-TMP in (NP the year-earlier period))))))) .)) (TOP (S (NP-SBJ Revenue) (VP reached (NP (QP $ 1.1 billion) *U*) (PP-DIR from (NP (QP $ 1.01 billion) *U*))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Capital Cities) (VP closed (PP-LOC at (NP $ 558.50 *U*)) , (ADVP down (NP $ 5 *U*))) .)) (TOP (S (NP-SBJ The broadcasting unit) (VP reported (NP (NP operating profit) (PP of (NP (QP $ 134.9 million) *U*)) , (ADVP up (NP 18 %) (PP from (NP the year-earlier (QP $ 114.3 million) *U*))))) .)) (TOP (S (NP-SBJ Publishing) (VP reported (SBAR 0 (S (NP-SBJ operating profit) (VP was (NP (QP $ 33.3 million) *U*) , (ADJP-PRD nearly flat (PP with (NP the year-before (QP $ 33 million) *U*))))))) .)) (TOP (S (NP-SBJ (NP Revenue) (PP-LOC at (NP (NP the broadcasting unit) , (VP consisting (PP-CLR of (NP the network and stations))) ,))) (VP advanced (NP-EXT 11 %) , (PP-DIR to (NP (QP $ 838 million) *U*)) (PP-DIR from (NP (QP $ 752.9 million) *U*))) .)) (TOP (S (NP-SBJ The publishing unit) (VP reported (SBAR 0 (S (NP-SBJ revenue) (VP edged (PRT up) (NP-EXT 2.6 %) (PP-DIR to (NP (QP $ 263.2 million) *U*)) (PP-DIR from (NP (QP $ 256.6 million) *U*)))))) .)) (TOP (S (NP-SBJ Chairman Thomas S. Murphy) (VP cited (NP (NP Capital Cities ') nine daily newspapers) (PP in (S-NOM (NP-SBJ *) (VP explaining (NP (NP most) (PP of (NP the gain))))))) .)) (TOP (S (NP-SBJ The parent) (ADVP also) (VP publishes (NP (NP weeklies) , (NP shopping guides) and (NP specialty magazines))) .)) (TOP (S (PP-TMP For (NP (NP 1989 's) first nine months)) , (NP-SBJ Capital Cities net income) (VP grew (NP-EXT 23 %) (PP-DIR to (NP (NP (QP $ 303.7 million) *U*) , or (NP (NP $ 16.97 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 246.9 million) *U*) , or (NP (NP $ 14.43 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP eased (NP-EXT 0.3 %) (PP-DIR to (NP (QP $ 3.45 billion) *U*)) (PP-DIR from (NP (QP $ 3.46 billion) *U*))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ ABC) (VP unseated (NP (NP General Electric Co. 's) National Broadcasting Co. unit) (PP-CLR as (NP the No. 1 network)) , (PP-CLR as (S-NOM (NP-SBJ-1 *) (VP rated (NP *-1) (PP by (NP-LGS A.C. Nielsen Co)))))) .)) (TOP (S (NP-SBJ ABC) (VP has (NP (NP four shows) (PP-LOC in (NP the top 10))) , (PP including (NP (NP the top show) , `` (NP Roseanne)))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP a (ADJP previously announced) transaction)))) , (NP-SBJ Federal Mogul Corp.) (VP has (VP bought (NP (NP (QP approximately 565,000) shares) (PP of (NP its common stock))) (PP-CLR from (NP Nortek Inc.)) (PP-CLR at (NP (NP $ 23.50 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ-1 Nortek) (VP has (VP agreed (S (NP-SBJ *-1) (VP (VP not to (VP acquire (NP (NP any securities) (PP of (NP Federal-Mogul))) (PP-TMP for (NP 10 years)))) and (VP not to (VP influence (NP company affairs) (PP-TMP during (NP that period)))))))) .)) (TOP (S (NP-SBJ Weyerhaeuser Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP sold (NP its wall-paneling business) (PP-DTV to (NP (NP an affiliate) (PP of (NP (NP one) (PP of (NP (NP Indonesia 's) largest wood-products firms)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Terms) (PP of (NP the transaction))) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Weyerhaeuser) (VP said (SBAR 0 (S (NP-SBJ its paneling business) (VP employs (NP (QP about 300) workers) (PP-LOC at (NP (NP two facilities) (PP-LOC in (NP (NP (NP Chesapeake) , (NP Va.) ,) and (NP (NP Hancock) , (NP Vt)))))))))) .)) (TOP (S (NP-SBJ Manville Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP build (NP (NP a (ADJP (QP $ 24 million) *U*) power plant) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP provide (NP electricity) (PP-CLR to (NP (NP its Igaras pulp and paper mill) (PP-LOC in (NP Brazil)))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ the plant) (VP (VP will (VP ensure (SBAR that (S (NP-SBJ it) (VP has (NP (NP adequate energy) (PP for (NP the mill)))))))) and (VP will (VP reduce (NP (NP the mill 's) energy costs))))))) .)) (TOP (S (NP-SBJ Manville) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ-1 the plant) (VP to (VP begin (S (NP-SBJ *-1) (VP operating (PP-TMP at (NP (NP the end) (PP of (NP 1991))))))))))))) .)) (TOP (S (NP-SBJ Housing and Urban Development Secretary Jack Kemp) (VP called (PP-CLR on (NP-1 the Federal Reserve System)) (S (NP-SBJ *-1) (VP to (VP lower (NP interest rates))))) .)) (TOP (S (PP-LOC In (NP (NP a speech) (PP to (NP the Mortgage Bankers Association)))) , (NP-SBJ Mr. Kemp) (VP (VP broke (NP (NP (NP the administration 's) public silence) (PP on (NP the Fed)))) and (VP complained (SBAR that `` (S (NP-SBJ interest rates) (VP are (ADJP-PRD too high)))))) . '')) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP am (ADJP-PRD convinced (SBAR that (S (S (NP-SBJ (NP a monetary policy) (PP for (NP this country)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP return (NP interest rates) (PP-CLR to (NP (NP the historical level) (PP of (NP (NP 4 %) or (NP 5 %)))))))))) (VP would (VP have (ADVP not only) (NP (NP an immediate impact) (PP on (NP (NP housing starts) , (NP the housing stock) , (NP (NP our industry) (PP-LOC in (NP America))) , (NP (NP the refurbishing) (PP of (NP our industrial system))))))))) , (S (S (NP-SBJ it) (VP would (VP help (NP the Third World economies) (ADVP considerably)))) and (S (NP-SBJ it) (VP would (ADVP particularly) (VP have (NP (NP a favorable impact) (PP upon (NP our budget deficit)))))))))))) , '' (NP-SBJ Mr. Kemp) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-1 The Fed) (ADVP-TMP recently) (VP eased (NP credit) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP lowering (NP the bellwether federal funds interest rate) (PP-DIR to (NP (QP 8 3) %)) (PP-DIR from (NP about 9 %)))))) .)) (TOP (S (NP-SBJ Bush administration officials) (VP say (SBAR 0 (S (NP-SBJ inflation) (VP is (PP-PRD under (NP control)))))) .)) (TOP (S (PP With (S-NOM (NP-SBJ economic growth) (VP slowing))) , (NP-SBJ they) (VP say (SBAR 0 (S (NP-SBJ they) (VP believe (SBAR 0 (S (NP-SBJ the Fed) (VP should (VP ease (NP credit) (ADVP even further))))))))) .)) (TOP (S But (PP for (NP the most part)) , (NP-SBJ-1 officials) (VP have (VP avoided (S (NP-SBJ *-1) (VP expressing (NP those views) (PP-LOC in (NP public)))) , (S-ADV (NP-SBJ *-1) (VP fearing (SBAR 0 (S (NP-SBJ they) (VP would (VP (ADVP-MNR unnecessarily) antagonize (NP the Fed))))))))) .)) (TOP (S (NP-SBJ (NP McDonald 's) Corp.) (VP said (SBAR 0 (S (S (NP-SBJ third-quarter earnings) (VP rose (NP-EXT 14 %) (PP on (NP a hefty sales gain)))) , but (S (NP-SBJ domestic franchisees) (ADVP apparently) (VP did n't (VP partake (PP-CLR of (NP the improvement)))))))) .)) (TOP (S (NP-SBJ (NP The world 's) largest fast-food chain) (VP said (SBAR 0 (S (NP-SBJ net income) (VP rose (PP-DIR to (NP (NP (QP $ 217.9 million) *U*) , or (NP (NP 59 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 191.3 million) *U*) , or (NP (NP 51 cents) (NP-ADV a share))) , (NP-TMP a year ago)))))) .)) (TOP (S (PP-TMP In (NP the latest period)) , (NP-SBJ the company) (VP had (NP (NP (NP an average) (PP of (NP (QP 370.8 million) shares))) , (PP (NP-ADV (QP 5.6 million) shares) below (NP (NP last year 's) level)))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 12 %) (PP-DIR to (NP (QP $ 1.63 billion) *U*)) (PP-DIR from (NP (QP $ 1.46 billion) *U*))) .)) (TOP (S (NP-SBJ (NP Systemwide sales) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP include (NP sales (PP-LOC at (NP (ADJP franchisee (CONJP as well as) company-owned) stores)))))) ,) (VP totaled (NP (NP (QP $ 4.59 billion) *U*) (PP compared (PP with (NP (QP $ 4.2 billion) *U*))))) .)) (TOP (S But (NP-SBJ (NP sales) (PP for (NP U.S. franchisees))) (VP were (ADJP-PRD flat (PP *ICH*-1)) (ADVP at best) (PP-1 on (NP a per-store basis)) (PP despite (NP weak 1988 figures))) .)) (TOP (S (PP Compared (PP with (NP (NP the first nine months) (PP of (NP last year))))) , (NP-SBJ (NP average franchisee store sales) (NP-TMP this year)) (VP were (PP-PRD down (NP (QP nearly $ 3,200) *U*)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP a fierce discounting war) (PP-LOC among (NP fast-food chains)))))) .)) (TOP (S (SBAR-ADV Since (S (NP-SBJ (NP McDonald 's) menu prices) (VP rose (NP-TMP this year)))) , (NP-SBJ the actual decline) (VP may (VP have (VP been (ADJP-PRD more)))) .)) (TOP (S (NP-SBJ McDonald 's) (VP closed (PP-CLR at (NP $ 31.375 *U*)) , (ADVP up (NP $ 1 *U*)) , (PP-LOC in (NP New York Stock Exchange composite trading)) (NP-TMP yesterday)) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 franchisees) (VP were (VP having (NP (NP a tough time) (S-NOM (NP-SBJ *-1) (VP holding (NP sales)))))))) , (NP-SBJ (NP McDonald 's) company-operated stores) (VP posted (NP (NP hefty gains) (PP-TMP for (NP the nine months))) , (PP with (S-NOM (NP-SBJ (NP sales) (PP per (NP company-operated unit))) (VP rising (NP-EXT $ 20,000 *U*))))) .)) (TOP (S (NP-SBJ One analyst) (VP noted (SBAR that (S (NP-SBJ the company) (ADVP often) (VP has (NP (NP better store locations) (SBAR than (SINV do (NP-SBJ its franchisees) (VP *?*)))) , (ADVP thus (S (NP-SBJ *) (VP aiding (NP promotional efforts)))))))) .)) (TOP (S (PP On (NP average)) (PP-TMP in (NP the latest nine months)) , (NP-SBJ (NP company-operated units) (PP-LOC in (NP the U.S.))) (VP had (NP (NP $ 90,552 *U* more) (PP in (NP sales)) (SBAR than (SINV did (NP-SBJ franchised outlets) (VP *?*))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (QP more than three times as many) franchised domestic outlets) (SBAR as (S (NP-SBJ there) (VP are (NP-PRD company stores)))))) .)) (TOP (S (NP-SBJ (NP Profit margins) (PP-LOC at (NP U.S. company-owned stores)) (PP-TMP in (NP the quarter))) (VP (VP were (ADVP-PRD up (NP (QP nearly 1) %))) , (SBAR (WHNP-1 which) (S (NP-SBJ the company) (VP attributed (NP *T*-1) (PP in (NP part)) (PP-CLR to (NP lower food costs)))))) .)) (TOP (S (NP-SBJ Prudential-Bache Securities analyst Leslie Steppel) (VP said (SBAR 0 (S (NP-SBJ-1 reduced labor costs) (VP helped (S (NP-SBJ *-1) (VP boost (NP margins))) , (SBAR-ADV although (S (NP-SBJ she) (VP doubted `` (SBAR 0 (S (NP-SBJ (NP that kind) (PP of (NP performance))) (VP is (ADJP-PRD sustainable))))))))))) . '')) (TOP (S (S-ADV (NP-SBJ *-1) (VP Calling (S (NP-SBJ sales) `` (ADJP-PRD still relatively soft)))) , '' (NP-SBJ-1 Ms. Steppel) (VP believes (SBAR that (S (PP in (NP real terms)) , (NP-SBJ U.S. sales) (VP slipped (NP-EXT (QP 3 1) %) (PP-DIR to (NP 4 %)) (PP-LOC at (NP company-operated stores)) (PP-TMP in (NP the quarter)))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (ADVP Apparently) (VP acknowledging (NP (NP weaker U.S. sales) (ADVP-LOC systemwide)))) , (NP-SBJ-2 McDonald 's) (VP vowed `` (S (NP-SBJ *-2) (VP to (VP use (NP-3 our size and muscle) (S-CLR (NP-SBJ *-3) (VP to (VP do (NP (NP all) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD necessary) (S-PRP (NP-SBJ *) (VP to (VP build (NP the brand))))))))))))))) . '')) (TOP (S (ADVP-LOC Overseas) , (NP-SBJ both (NP franchisees) and (NP the company)) (VP performed (ADVP-MNR (ADVP substantially better) (PP than (ADVP-TMP (NP a year) ago)))) .)) (TOP (S (NP-SBJ-1 (NP Third-quarter sales) (PP-LOC in (NP Europe))) (VP were (ADJP-PRD exceptionally strong) , (S-ADV (NP-SBJ-2 *-1) (VP boosted (NP *-2) (PP by (NP-LGS (NP promotional programs) and (NP new products))))) -- (SBAR-ADV although (S (NP-SBJ weaker foreign currencies) (VP reduced (NP (NP the company 's) earnings))))) .)) (TOP (S (NP-SBJ McDonald 's) (VP said (SBAR that (S (NP-SBJ systemwide sales) (VP would (VP have (VP been (ADJP-PRD (NP-ADV (QP $ 115 million) *U*) greater) (SBAR-ADV (SINV had (NP-SBJ 1988 exchange rates) (VP remained (PP-CLR in (NP effect))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S-TMP (NP-SBJ *) (VP Going (PP-CLR into (NP the fourth quarter)))) (NP-SBJ the sales comparison) (VP will (VP be (ADJP-PRD more difficult)))) , '' (VP predicted (S *T*-1)) (NP-SBJ (NP restaurant analyst Howard Hansen) (PP of (NP Kidder , Peabody & Co))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Reflecting (NP (NP better growth prospects) (ADVP-LOC abroad)))) , (NP-SBJ-1 McDonald 's) (VP noted (SBAR that (S (PP-TMP as (PP of (NP Sept. 30))) (NP-SBJ (NP more stores) (PP *ICH*-2)) (VP were (PP-PRD under (NP construction)) (ADVP-LOC overseas) (PP-2 than (ADVP-TMP (NP a year) ago)) , (SBAR-ADV while (S (NP-SBJ the opposite) (VP was (ADJP-PRD true) (PP for (NP domestic expansion))))))))) .)) (TOP (S (PP-TMP At (NP (NP the end) (PP of (NP the third quarter)))) (NP-SBJ-1 McDonald 's) (VP had (S (NP-SBJ 10,873 units) (VP operating (S-LOC (NP-SBJ *-1) (ADJP-PRD world-wide))))) .)) (TOP (S (PP-TMP In (NP the nine months)) , (NP-SBJ earnings) (VP rose (NP-EXT 12 %) (PP-DIR to (NP (NP (QP $ 555.6 million) *U*) , or (NP (NP $ 1.49 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 494.4 million) *U*) , or (NP (NP $ 1.31 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 11 %) (PP-DIR to (NP (QP $ 4.56 billion) *U*)) (PP-DIR from (NP (QP $ 4.12 billion) *U*))) .)) (TOP (S (NP-SBJ-1 (NP Carnival Cruise Lines Inc. 's) common stock) (VP was (VP dragged (NP *-1) (PRT down) (NP-TMP yesterday) (PP amid (NP concerns (SBAR that (S (NP-SBJ (NP a bankruptcy filing) (PP by (NP a Finnish shipbuilder))) (VP would (VP delay (NP (NP delivery) (PP of (NP three big cruise ships))))))))))) .)) (TOP (S (NP-SBJ (NP The Miami-based company 's) stock) (VP fell (NP-EXT $ 1.75 *U*) (NP-TMP yesterday) (PP-DIR to (NP (NP $ 20.75 *U*) (NP-ADV a share))) (PP-LOC in (NP heavy American Stock Exchange composite trading))) .)) (TOP (S (ADVP-TMP Early (NP yesterday)) , (NP-SBJ Carnival) (VP said (PP-LOC in (NP a company statement)) (SBAR that (S (NP-SBJ-1 it) (VP had (VP been (VP `` notified (NP *-1) (ADVP-MNR unofficially) '' (SBAR that (S (NP-SBJ-3 (NP Waertsilae Marine Industries) , (NP (NP the Finnish shipyard) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP is (VP building (NP its three new cruise ships)))))) ,) (VP planned (S (NP-SBJ *-3) (VP to (VP file (PP-CLR for (NP bankruptcy)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Officials) (PP-LOC at (NP Carnival))) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ There) (VP is (NP-PRD (NP just a tremendous amount) (PP of (NP (NP uncertainty) (PP about (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP the effect) (PRN , (SBAR if (FRAG (NP any))) ,) (PP of (NP all this))) (VP is (NP-PRD *T*-1)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP John P. Uphoff) , (NP (NP an analyst) (PP-LOC at (NP Raymond James Associates Inc)))) .)) (TOP (S `` (NP-SBJ I) (VP did n't (ADVP even) (VP know (SBAR that (S (NP-SBJ (NP a company) (PP-LOC in (NP a socialistic country))) (VP could (VP file (PP-CLR for (NP bankruptcy)))))))) . '')) (TOP (S (NP-SBJ Carnival) (VP said (SBAR 0 (S (NP-SBJ-3 (NP the `` Fantasy) , '' (NP (NP the first) (PP of (NP (NP the three (ADJP (QP $ 200 million) *U*) ships) (SBAR (WHNP-2 that) (S (NP-SBJ Carnival) (VP has (NP *T*-2) (PP-CLR on (NP order)))))))) ,) (VP is (VP scheduled (S (NP-SBJ-1 *-3) (VP to (VP be (VP delivered (NP *-1) (NP-TMP next month) , (PP-TMP (ADVP just) in (NP (NP time) (PP for (NP (NP the winter tourist season) (PP-LOC in (NP the Caribbean))))))))))))))) .)) (TOP (S (NP-SBJ (NP That ship) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP carry (NP (QP about 2,050) passengers))))) ,) (VP would (VP expand (NP (NP the capacity) (PP of (NP (NP Carnival 's) existing 14-ship fleet))) (PP-EXT by (NP 24 %)))) .)) (TOP (S (S (NP-SBJ-3 (NP The second ship) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD half-completed)))) ,) (VP is (VP scheduled (S (NP-SBJ-1 *-3) (VP to (VP be (VP delivered (NP *-1) (PP-TMP-4 in (NP fall 1990))))))))) , and (S (NP-SBJ=3 the third) (PP-TMP=4 in (NP fall 1991))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ There) (VP 's (NP-PRD a (ADJP 99 %) chance (SBAR that (S (NP-SBJ-1 the Fantasy) (VP will (VP be (VP delivered (NP *-1) (ADVP-TMP close (PP to (NP schedule))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Caroline Levy) , (NP (NP an analyst) (PP-LOC at (NP Shearson Lehman Hutton Inc)))) .)) (TOP (S `` (S (NP-SBJ-1 The others) (VP will (ADVP probably) (VP be (VP delivered (NP *-1) (ADVP as well))))) , but (S (NP-SBJ-2 Carnival) (VP will (ADVP likely) (VP have (S (NP-SBJ *-2) (VP to (VP pay (NP a higher price) (PP-CLR for (NP them)))))))) . '')) (TOP (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ the company) (VP could (VP pay (NP (ADJP (QP as much as 25) %) more) (PP-CLR for (NP the ships))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 the ships) (VP are n't (VP delivered (NP *-2))))) , (ADVP however) , (NP-SBJ it) (VP will (ADVP likely) (VP have (NP an effect) (PP-CLR on (NP (NP the company 's) earnings)) (ADVP-TMP (ADVP as soon) (PP as (NP (NP the 1990 fiscal year) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP begins (NP-TMP Dec. 1))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ-1 (NP those estimates) -- (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP range (PP-CLR from (NP (NP (QP about $ 1.80) *U*) (NP-ADV a share))) (PP-CLR to (NP (NP $ 1.95 *U*) (NP-ADV a share)))))) --) (VP are (VP based (NP *-1) (PP-CLR on (NP (NP Fantasy) (VP being (PP-PRD in (NP operation)) (PP-TMP in (NP 1990)))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 the ship) (VP fails (S (NP-SBJ *-2) (VP to (VP arrive)))))) , (NP-SBJ-1 those per-share earnings estimates) (VP could (VP be (VP trimmed (NP *-1) (NP-EXT 15 cents (QP or more))))) .)) (TOP (S (NP-SBJ-1 Analysts) (VP were n't (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP speculate (PP-CLR on (SBAR (WHNP-2 (WHADJP how much) money) (S (NP-SBJ Carnival) (VP might (VP lose (NP *T*-2) (PP-MNR through (NP deposits)))))))))))) .)) (TOP (S (ADVP Normally) , (NP-SBJ a company) (VP pays (NP (NP a portion) (PP of (NP (NP the total cost) (PP of (NP a ship))))) (SBAR-TMP as (S (NP-SBJ it) (VP reaches (NP (NP various stages) (PP of (NP construction))))))) .)) (TOP (S (NP-SBJ Carnival) , (PP for (NP example)) , (VP has (ADVP already) (VP paid (NP (NP (QP about $ 160 million) *U*) (PP of (NP (NP the total cost) (PP for (NP Fantasy))))))) .)) (TOP (S (NP-SBJ Some analysts) (VP say (SBAR 0 (S (NP-SBJ this) (VP may (VP give (NP it) (NP (NP the right) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP seize (NP the ship) (SBAR-ADV if (S (NP-SBJ the situation) (VP warrants (NP it)))) (ADVP-MNR *T*-1))))))))))) .)) (TOP (S (PP According (PP to (NP (NP reports) (PP from (NP Finland))))) , (NP-SBJ (NP Waertsilae Marine) , (ADJP 19%-owned (PP by (NP conglomerate Oy Waertsilae))) ,) (VP filed (PP-CLR for (NP bankruptcy)) (NP-TMP yesterday) (SBAR-TMP after (S (NP-SBJ-1 (NP the shipyard 's) contractors) (VP had (VP started (S (NP-SBJ *-1) (VP to (VP demand (NP bank guarantees))))))))) .)) (TOP (S (NP-SBJ The shipyard) (VP disclosed (PP-TMP in (NP mid-August)) (SBAR that (S (NP-SBJ it) (VP expected (NP (NP losses) (VP stemming (PP-CLR from (NP (NP a series) (PP of (NP unprofitable orders)))))))))) .)) (TOP (S (NP-SBJ-2 Designer Sandra Garratt) (VP filed (PP-CLR for (NP Chapter 7 Bankruptcy Code protection)) , (S-ADV (NP-SBJ *-2) (VP saying (SBAR that (S (NP-SBJ-1 her cash flow) (VP had (VP been (VP cut (NP *-1) (PRT off))))))))) .)) (TOP (S (NP-SBJ (NP The designer) , (SBAR (WHNP-1 (WHNP whose line) (PP of (NP modular , one-size-fits-all clothing))) (S (NP-SBJ *T*-1) (VP has (VP spawned (NP (NP a host) (PP of (NP clones))))))) ,) (VP has (VP been (PP-LOC-PRD in (NP (NP a dispute) (PP with (NP (NP her latest licensee) , (NP Jerell Inc.))))) (PP-TMP for (NP several months)))) .)) (TOP (S (NP-SBJ Ms. Garratt) (VP was (NP-PRD (NP the subject) (PP of (NP a Wall Street Journal article))) (PP-TMP in (NP March))) .)) (TOP (S (NP-SBJ (NP (NP The designer 's) attorney) , (NP Molly Bartholow) ,) (VP said (SBAR that (S (NP-SBJ-1 Ms. Garratt) (VP was (VP forced (S (NP-SBJ *-1) (VP to (VP start (NP bankruptcy-law proceedings)))) (SBAR-PRP because (S (NP-SBJ-2 Jerell) (VP began (S (NP-SBJ *-2) (VP withholding (NP her royalty payments) (NP-TMP last month))))))))))) .)) (TOP (S (NP-SBJ Jerell) (VP paid (NP Ms. Garratt) (NP (NP royalties) (PP for (NP (NP the line) (VP known (NP *) (PP-CLR as (NP (NP Multiples) (PP by (NP Sandra Garratt))))) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP are (VP sold (NP *-1) (PP-MNR (ADVP primarily) through (NP department stores)))))))))) .)) (TOP (S (NP-SBJ-1 Ms. Garratt) (VP sued (NP the Dallas apparel maker) (ADVP-TMP earlier (NP this year)) , (S-ADV (NP-SBJ *-1) (VP charging (SBAR that (S (NP-SBJ Jerell) (VP developed and marketed (NP (NP clothing lines) (VP fashioned (NP *) (PP-CLR after (NP her designs)) , (PP-MNR in (NP (NP violation) (PP of (NP their contract)))))))))))) .)) (TOP (S (NP-SBJ That lawsuit) (VP is (ADVP still) (VP pending)) .)) (TOP (S (NP-SBJ-1 Jerell) (VP could n't (ADVP-TMP immediately) (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-SBJ-1 (NP Ms. Garratt 's) assets and liabilities) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Eaton Corp.) (VP had (NP (NP a (ADJP 26 %) drop) (PP-LOC in (NP third-quarter profit))) (PP (ADVP mainly) because of (NP (NP lower sales) (PP of (NP (NP truck parts) , (NP its (ADJP (ADJP largest) and (ADJP most profitable)) single business)))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 (NP Sales) (PP of (NP medium and heavy-duty trucks))) (VP continue (S (NP-SBJ *-1) (VP to (VP lag (NP previous-year rates)))) , (S-ADV (NP-SBJ *) (VP leading (S (NP-SBJ Eaton) (VP to (VP expect (S (NP-SBJ fourth-quarter net income) (VP to (VP fall (PP-LOC below (NP year-earlier levels)))))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Stephen R. Hardis) , (NP (NP vice chairman) and (NP chief financial and administrative officer))) .)) (TOP (S (NP-SBJ-1 He) (VP declined (S (NP-SBJ *-1) (VP to (VP make (NP a specific earnings estimate))))) .)) (TOP (S (NP-SBJ Third-quarter net) (VP was (NP-PRD (NP (QP $ 40 million) *U*) , or (NP (NP $ 1.04 *U*) (NP-ADV a share))) , (PP-DIR from (NP (NP (QP $ 54.4 million) *U*) , or (NP (NP $ 1.47 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 2.8 %) (PP-DIR to (NP (QP $ 864.1 million) *U*)) , (PP-DIR from (NP (QP $ 840.4 million) *U*))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The quarter net) (VP was (PP-PRD below (NP analyst expectations)) (SBAR-PRP (ADVP mainly) because (S (NP-SBJ truck-parts sales) (VP did n't (VP rebound (PP-TMP in (NP September)) (PP-CLR from (NP the summer doldrums)) (SBAR-ADV as (S (NP-SBJ they) (ADVP usually) (VP do (VP *?*)))))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Patrick E. Sheridan) , (NP (NP analyst) (PP with (NP McDonald & Co)))) .)) (TOP (S (NP-SBJ (NP Mr. Sheridan) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP been (VP expecting (NP (NP quarter profit) (PP of (NP (NP (QP about $ 1.25) *U*) (NP-ADV a share))))))))) ,) (VP says (SBAR 0 (S (NP-SBJ he) (VP is (VP reducing (NP (NP his estimate) (PP for (NP the year))) (PP-DIR to (NP (NP the area) (PP of (NP (NP $ 5.70 *U*) (NP-ADV a share))))) , (PP-DIR from (NP (NP his previous estimate) (PP of (NP $ 6.10 *U*))))))))) .)) (TOP (S (NP-SBJ (NP Eli Lustgarten) (PP of (NP PaineWebber Inc.)) , (SBAR (WHNP-1 who) (S (ADVP-TMP (NP (NP a couple) (PP of (NP weeks))) ago) (NP-SBJ *T*-1) (VP reduced (NP his 1989 estimate) (PP-DIR to (NP (NP $ 5.70 *U*) (NP-ADV a share))) (PP-PRP because of (NP the weakening truck market))))) ,) (VP says (SBAR 0 (S (NP-SBJ he) (VP will (VP make (NP (NP another cut) (PP to (NP (NP about $ 5.50 *U*) (NP-ADV a share)))) (PP-PRP in (NP (NP light) (PP of (NP the third-quarter report))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP (NP Eaton 's) quarter profit margin) (PP on (NP controls))) (VP was (ADJP-PRD (ADJP lower) (SBAR than (S (NP-SBJ he) (VP anticipated)))))))) .)) (TOP (S (NP-SBJ Eaton) (VP said (SBAR 0 (S (NP-SBJ (NP sales) (PP of (NP (NP truck axles) , (NP transmissions) and (NP other parts)))) (VP fell (NP-EXT 7.2 %) (PP-DIR to (NP (QP $ 295 million) *U*)))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP (NP parts) (PP for (NP (NP cars) and (NP construction vehicles)))))) (VP rose) .)) (TOP (S (S (NP-SBJ Eaton) (VP does n't (VP provide (NP (NP profit figures) (PP *ICH*-1)) (ADVP-MNR separately) (PP-1 for (NP each category))))) , but (S (NP-SBJ (NP operating profit) (PP for (NP (NP vehicle parts) (PP as (NP a group))))) (VP fell (NP-EXT 26 %) (PP-DIR to (NP (QP $ 51 million) *U*)) (PP on (NP (NP an (ADJP (QP about 1) %) drop) (PP in (NP sales)) (PP-DIR to (NP (QP $ 488 million) *U*)))))) .)) (TOP (S (NP-SBJ Mr. Hardis) (VP said (SBAR 0 (S (NP-SBJ-1 truck-fleet operators) (VP appear (S (NP-SBJ-2 *-1) (VP to (VP be (ADJP-PRD cautious (PP about (S-NOM (NP-SBJ *-2) (VP buying (NP new trucks))))) (SBAR-TMP until (S (NP-SBJ they) (VP see (SBAR (WHADVP-3 how) (S (NP-SBJ the economy) (VP behaves (ADVP-MNR *T*-3)))))))))))))) .)) (TOP (S (S (S-TPC-1 (NP-SBJ The truck sales slowdown) (VP reflects (NP (NP the general slowing) (PP-LOC in (NP (NP sales) (PP of (NP consumer goods))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) , and (S (NP-SBJ the latest reports) (VP show (NP (NP a slight improvement) (PP rather than (NP (NP any indication) (PP of (NP a downward spiral))))))) .)) (TOP (S (NP-SBJ (NP Operating profit) (PP from (NP (NP electrical and electronics controls) , (NP (NP Eaton 's) other major business group) ,))) (VP fell (NP-EXT 11 %) (PP-DIR to (NP (QP $ 32 million) *U*)) , (PP despite (NP (NP a (ADJP 7.7 %) increase) (PP in (NP sales)) (PP-DIR to (NP (QP $ 376 million) *U*))))) .)) (TOP (S (NP-SBJ The company) (VP attributed (NP the decline) (PP to (NP (NP weakness) (PP-LOC (PP in (NP (NP the commercial-switch market) (PP-LOC in (NP North America)))) and (PP in (NP the European appliance-controls market)))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ (NP net) -- (PP including (NP (NP (NP profit) (PP from (NP discontinued operations)) (NP-TMP both years)) and (NP (PP-TMP in (NP 1988)) (NP an extraordinary charge) (PP of (NP (NP (QP $ 17.7 million) *U*) (VP related (NP *) (PP-CLR to (NP (NP settlement) (PP of (NP a lawsuit)))))))))) --) (VP was (NP-PRD (NP (QP $ 170.6 million) *U*) , or (NP (NP $ 4.54 *U*) (NP-ADV a share))) , (ADVP up (NP 5.8 %) (PP from (NP (NP (QP $ 161.3 million) *U*) , or (NP (NP $ 4.32 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) ago)))) .)) (TOP (S (NP-SBJ Eaton) (VP earned (PP from (NP continuing operations)) (NP (NP (QP $ 165.1 million) *U*) , or (NP (NP $ 4.40 *U*) (NP-ADV a share)) , (ADVP down (NP 7 %) (PP from (NP (NP (QP $ 177.5 million) *U*) , or (NP (NP $ 4.76 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ Nine-month sales) (VP were (NP-PRD (QP $ 2.79 billion) *U*) , (ADVP up (NP 8.2 %) (PP from (NP (NP (QP $ 2.58 billion) *U*)) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Eaton) (VP closed (PP-CLR at (NP (NP $ 57.50 *U*) (NP-ADV a share))) , (ADVP down (NP $ 2.50 *U*))) .)) (TOP (S (PP-LOC In (NP (NP (NP Poland 's) rapid shift) (PP from (NP socialism)) (PP to (NP an undefined alternative)))) , (NP-SBJ environmental issues) (VP have (VP become (NP-PRD (NP a cutting edge) (PP of (NP broader movements (S (NP-SBJ *) (VP to (VP (VP restructure (NP the economy)) , (VP cut (NP cumbersome bureaucracies)) , and (VP democratize (NP local politics)))))))))) .)) (TOP (S (NP-SBJ-1 Initial steps) (VP were (VP taken (NP *-1) (PP-LOC at (NP (NP (NP Poland 's) first international environmental conference) , (SBAR (WHNP-2 which) (S (NP-SBJ I) (VP attended (NP *T*-2) (NP-TMP last month)))))))) .)) (TOP (S (NP-SBJ-1 (NP The conference) , (VP held (NP *) (PP-LOC in (NP Lower Silesia))) ,) (VP (VP was (VP co-sponsored (NP *-1) (PP by (NP-LGS (NP the Environment Ministry) , (NP the Rockefeller Brothers Fund) , and (NP the Polish Ecological Club))))) , and (VP was (VP attended (NP *-1) (PP by (NP-LGS (NP (NP 50 Poles) (PP from (NP government and industry))) , (CONJP as well as) (NP Hungarians , Czechs , Russians , Japanese and Americans)))))) .)) (TOP (S (NP-SBJ-1 The conference) (VP was (VP entitled (S (NP-SBJ *-1) (NP-PRD `` (NP (NP Economic Mechanisms) (PP for (NP Environmental Protection))) , '' (NP (NP a significant departure) (PP from (NP (NP East Bloc usage) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP recognizes (NP (NP (QP only one) economic mechanism) -- (NP central planning) -- (SBAR-PRP (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP direct (NP industrial behavior)))))))))))))))) .)) (TOP (S (ADVP Even more remarkably) , (NP-SBJ it) (VP focused (PP-CLR on (NP (NP (NP emissions trading) and (NP (NP similar market approaches) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP address (NP pollution))))))))) , (PP notwithstanding (NP (NP (NP Poland 's) lack) (PP of (NP functioning markets))))) .)) (TOP (SBARQ (WHADVP-1 Why) (SQ did (NP-SBJ East Bloc participants) (VP (ADVP-MNR unanimously) endorse (NP market-based pollution approaches) (ADVP-PRP *T*-1))) ?)) (TOP (S (NP-SBJ The answer) (VP lies (PP both in (NP (NP (NP the degraded environment) (PP of (NP these countries))) and (NP (NP the perceived causes) (PP of (NP that degradation)))))) .)) (TOP (S (PP Like (NP other East Bloc countries)) , (NP-SBJ Poland) (VP possesses (NP (NP environmental laws) (ADJP (ADJP more honored) (PP in (NP their breach)) (PP than (PP in (NP their observance)))))) .)) (TOP (S (PP According (PP to (NP (NP a detailed report) (PP by (NP (NP Zbigniew Bochniarz) (PP of (NP (NP (NP the University) (PP of (NP Minnesota)) 's) Hubert Humphrey Institute))))))) , (NP-SBJ-1 (NP 27 areas) (VP containing (NP (NP (QP a third)) (PP of (NP (NP Poland 's) population))))) (VP are (VP regarded (NP *-1) (PP-CLR as `` (NP ecological hazards) '') (PP-PRP due (PP to (NP (NP multiple violations) (PP of (NP standards))))))) .)) (TOP (S (NP-SBJ-1 Norms) (VP are (VP (ADVP consistently) exceeded (NP *-1) (PP-LOC at (NP (NP (NP 60 %) (PP of (NP nitrogen oxide monitoring sites))) and (NP (NP 80 %) (PP of (NP (NP those) (PP for (NP dust and soot emissions))))))))) .)) (TOP (S (S (NP-SBJ (NP Four-fifths) (PP of (NP (NP Poland 's) soils))) (VP have (VP become (ADJP-PRD highly acidified)))) ; (S (NP-SBJ-1 (NP 70 %) (PP of (NP its southern forests))) (VP are (VP projected (S (NP-SBJ *-1) (VP to (VP die (PP-TMP by (NP (NP century 's) end)))))))) .)) (TOP (S (PP-TMP Between (NP (NP 1965) and (NP 1985))) , (NP-SBJ (NP Polish waters) (ADJP fit (PP for (NP human consumption)))) (VP dropped (PP-DIR from (NP 33 %)) (PP-DIR to (NP (NP 6 %) (PP of (NP all surface waters)))) , (SBAR-ADV while (S (NP-SBJ (NP those) (ADJP unfit (PP (ADVP even) for (NP industry use)))) (VP (ADVP nearly) doubled)))) .)) (TOP (S (NP-SBJ Poland) (VP produces (NP (NP (QP about 20 times more) soot) and (NP (QP five times more) sulfur dioxide and solid waste) (PP per (NP (NP unit) (PP of (NP gross national product)))) (SBAR than (SINV does (NP-SBJ Western Europe) (VP *?*))))) .)) (TOP (S (NP-SBJ (NP Its mortality rate) (PP for (NP (NP males) (PP over (NP 35))))) (VP is (ADJP-PRD (ADJP (NP-ADV (QP about 50) %) higher (PP than (NP (NP West Germany 's)))) , and (ADJP (ADJP (NP-ADV 50 %) higher) (PP-LOC in (NP hazard areas)) (PP than (NP the national average))))) .)) (TOP (S (PP-TMP Since (NP 1978)) , (NP-SBJ (NP average annual growth rates) (PP for (NP most pollutants))) (VP have (VP outstripped (NP (NP the growth) (PP of (NP GNP))))) .)) (TOP (S (NP-SBJ Conference participants) (VP saw (NP-3 these effects) (PP-CLR as (S-NOM (NP-SBJ *-3) (VP flowing (ADVP-MNR directly) (PP-CLR from (NP (NP (LST -LRB- a -RRB-) (NP Marxist devaluation) (PP of (NP (NP environmental resources) , (SBAR (WHNP-2 which) (S (NP-SBJ-4 *T*-2) (VP are not (VP produced (NP *-4) (PP by (NP-LGS labor))))))))) ; (NP (LST -LRB- b -RRB-) (NP planned economies ') inability (S (NP-SBJ *) (VP to (VP control (NP pollution) (SBAR-LOC (WHADVP-5 where) (S (S (NP-SBJ enterprises) (VP are (ADJP-PRD state-owned))) and (S (NP-SBJ-1 penalties) (VP are (VP paid (NP *-1) (PP by (NP-LGS the government))))) (ADVP-LOC *T*-5))))))) ; and (NP (LST -LRB- c -RRB-) (NP the continuing Stalinist emphasis) (PP on (NP heavy industry)) (PP for (NP economic development)) , (VP producing (NP (NP a (ADJP (ADJP far heavier) and (ADJP more wasteful)) use) (PP of (NP (NP energy) and (NP natural resources))) (PP than (PP-LOC in (NP the West)))))))))))) .)) (TOP (S (NP-SBJ They) (VP (ADVP repeatedly) noted (SBAR that (S (NP-SBJ-1 environmental progress) (VP could not (VP be (VP secured (NP *-1) (PP-MNR without (NP (NP true ownership) , (NP (NP genuine competition) (PP based (PP on (NP market factors)))) , and (NP (NP the risk) (PP of (NP bankruptcy)) (SBAR-ADV if (S (NP-SBJ a business) (VP makes (NP the wrong decisions))))))))))))) .)) (TOP (S (NP-SBJ (NP The solutions) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP (ADVP-MNR formally) proposed (NP *T*-1))))) (VP included (NP (NP lead/sulfur taxes) , (NP conservation and recycling incentives) , (NP reforestation offsets) , (NP transferable pollution permits) , (NP (NP an ecological bank) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP finance (NP pollution-reduction credits)))))) , and (NP debt-for-environment swaps))) .)) (TOP (S But (NP-SBJ their (ADJP most fundamental) recommendation) (VP was (S-PRD (NP-SBJ *) (VP to (VP separate (NP industry) (PP-CLR from (NP the state)) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ it) (ADJP-PRD fully accountable (PP for (NP pollution control)))))))))) .)) (TOP (S (NP-SBJ A revolution) (VP takes (NP (NP more) (PP than (NP conference manifestos)))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ-1 skepticism) (VP was (VP (ADVP-MNR amply) captured (NP *-1) (PP by (NP-LGS (NP (NP a joke) (VP told (NP *) (PP by (NP-LGS (NP Poles) (PP-LOC at (NP the conference)))))) : `` (S (NP-SBJ The world) (VP must (VP be (VP coming (PP-CLR to (NP an end)))))))))) .)) (TOP (S (NP-SBJ The Russians) (VP are (VP talking (NP peace))) .)) (TOP (S (NP-SBJ The Palestinians) (VP are (VP talking (NP elections))) .)) (TOP (S And (NP-SBJ-1 the Poles) (VP are (VP engaged (NP *-1) (PP-CLR in (NP commerce)))) . '')) (TOP (S But (NP-SBJ (NP the implications) (PP of (NP (NP such a shift) (PP to (NP market approaches))))) (VP go (PP (ADVP well) beyond (NP the fact (SBAR (SBAR that (S (NP-SBJ Poland) (VP is (ADVP already) (VP working (PP-CLR on (NP (NP nationwide emissions trades) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP reduce (NP smelter pollution))))))))))) , or (SBAR that (S (NP-SBJ-2 the Soviets) (VP plan (S (NP-SBJ *-2) (VP to (VP introduce (NP marketable pollution permits) (PP-LOC in (NP some republics)) (NP-TMP next year))))))))))) .)) (TOP (S (NP-SBJ Those implications) (VP include : -- (NP Privatization)) .)) (TOP (S (S (NP-SBJ-1 *-2) (VP Faced (NP *-1) (PP-CLR with (NP (NP a (ADJP (QP $ 40 billion) *U*) foreign debt) and (NP skyrocketing inflation))))) , (NP-SBJ-2 Poland) (VP must (VP (VP privatize (NP industry)) and (VP eliminate (NP subsidies)) (S-PRP (NP-SBJ *-2) (VP to (VP (VP stabilize (NP its currency)) and (VP qualify (PP-CLR for (NP international assistance)))))))) .)) (TOP (S (NP-SBJ Market-based pollution control) (VP may (VP consume (NP (NP some capital) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (ADVP otherwise) (VP purchase (NP state industries)))))))) .)) (TOP (S But (NP-SBJ-1 it) (VP could (ADVP also) (VP accelerate `` (NP marketization) '' (PP-MNR by (S-NOM (NP-SBJ *-1) (VP (VP reinforcing (NP industrial accountability)) , (VP breaking (PRT up) (NP state monopolies)) , (VP giving (NP managers) (NP (NP a stake) (PP in (NP solutions)))) , and (VP ensuring (SBAR that (S (NP-SBJ modernization) (VP is not (ADJP-PRD reversible (PP-PRP for (NP failure (S (NP-SBJ *) (VP to (VP address (NP environmental effects)))))))))))))))) .)) (TOP (NP -- Least-cost solutions .)) (TOP (S (SBAR-ADV As (S (NP-SBJ conferees) (VP noted))) , (NP-SBJ scarce capital) (VP means (SBAR 0 (S (NP-SBJ-1 (NP the costs) (PP of (NP control))) (VP must (VP be (VP minimized (NP *-1) (PP-MNR through (NP (NP a broad menu) (PP of (NP (NP compliance choices) (PP for (NP individual firms)))))))))))) .)) (TOP (S (NP-SBJ That) (VP means (NP (NP simple , clear rules) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP secure (NP (NP the first large blocks) (PP of (NP reduction))) , (S-ADV (NP-SBJ *) (VP deferring (NP (NP (ADJP more complex) issues) (PP such as (NP risk)))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP means (NP (NP use) (PP of (NP (NP quantity-based pollution limits) (PP such as (NP transferable permits)) , (PP rather than (NP (NP price-based limits) (PP such as (NP effluent fees)))))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRP-PRD because (S (NP-SBJ quota-trained managers) (VP will (ADVP likely) (VP respond (ADVP-MNR (ADVP better) (PP *ICH*-1)) (PP-CLR to (NP quantity)) (PP-1 than (PP to (NP price signals)))))))) .)) (TOP (NP -- Creative financing .)) (TOP (S (NP-SBJ Even least-cost environmental solutions) (VP will (VP require (NP (NP billions) (PP of (NP dollars))))) .)) (TOP (S (NP-SBJ (NP New types) (PP of (NP financing))) (VP must (VP make (S (NP-SBJ funds) (ADJP-PRD available)) (PP-MNR without (S-NOM (NP-SBJ *) (VP draining (NP (NP Poland 's) hard-currency reserves)))))) .)) (TOP (NP -- Democratization .)) (TOP (S (NP-SBJ East Bloc pollution data) (ADVP typically) (VP have (VP been (NP-PRD state secrets))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Polish data) (VP have (VP been (ADJP-PRD freely available) (PP-TMP since (NP 1980)))))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP was (NP-PRD no accident) (SBAR-1 that (S (NP-SBJ participants) (VP urged (NP (NP the free flow) (PP of (NP information))))))) .)) (TOP (S For (SBAR-TMP once (S (NP-SBJ information) (VP flows))) , (S (NP-SBJ public participation) (VP follows)) and (S (NP-SBJ repression) (VP becomes (ADJP-PRD difficult (S (NP-SBJ *) (VP to (VP reimpose)))))) .)) (TOP (NP -- Global reciprocity .)) (TOP (S (NP-SBJ One participant) (VP (ADVP-TMP prematurely) declared (SBAR that (S (NP-SBJ America) (VP has (VP had (NP (NP (NP a free market) (PP-LOC in (NP goods))) but (NP (NP a planned economy) (PP for (NP environmental protection)))) , (SBAR-ADV while (S (NP-SBJ Poland) (VP represents (NP the opposite))))))))) .)) (TOP (NP (NP His point) : (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP will (VP be (ADJP-PRD increasingly difficult) (SBAR-2 for (S (NP-SBJ the U.S.) (VP to (VP cling (PP-CLR to (NP command-and-control measures)) (SBAR-ADV if (S (NP-SBJ even the East Bloc) (VP steps (PP-CLR to (NP a different drummer)))))))))))) .)) (TOP (S (PP-TMP At (NP the moment)) , (NP-SBJ Poland) (VP resembles (NP 19th-century Pittsburgh) (ADJP more (PP than (NP a modern industrial society))) -- (PP with (NP (NP antiquated production) , (NP inadequate environmental management) , and (NP little ecological awareness)))) .)) (TOP (S But (NP-SBJ (NP the continuing pressures) (PP for (NP free-market economics))) (VP suggest (SBAR 0 (S (NP-SBJ (NP the conference 's) vision) (VP was not (NP-PRD all fantasy))))) .)) (TOP (S (NP-SBJ (NP Mr. Levin) , (NP (NP former head) (PP of (NP (NP EPA 's) regulatory reform staff))) ,) (VP adapted (NP this) (PP-CLR from (NP (NP his November column) (PP for (NP (NP the Journal) (PP of (NP the Air and Waste Management Association))))))) .)) (TOP (S (NP-SBJ (NP Disappointing earnings news) (PP from (NP some technology companies))) (VP unnerved (NP (NP investors) (PP in (NP the over-the-counter market)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sold (NP (NP shares) (PP of (NP (NP Apple Computer) , (NP Intel) and (NP many other computer-related concerns))))))))) .)) (TOP (S (NP-SBJ (NP The drop) (PP-LOC in (NP those and other technology stocks))) (VP contributed (PP-CLR to (NP (NP an (ADJP 0.7 %) slide) (PP by (NP the Nasdaq composite index))))) .)) (TOP (S (NP-SBJ It) (VP finished (PP-CLR at (NP 467.22)) , (ADVP down (NP 3.45))) .)) (TOP (S (NP-SBJ (NP The nervousness) (PP about (NP the technology stock outlook))) (ADVP also) (VP hurt (NP (NP the Dow Jones Industrial Average) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP slipped (NP-EXT (QP about 1) %)))))) .)) (TOP (S (PP-PRP (ADVP Mostly) because of (NP (NP the sell-off) (PP-LOC in (NP technology stocks)))) , (NP-SBJ (NP the Nasdaq 100 Index) (PP of (NP (NP the OTC 's) largest non-financial issues))) (VP dropped (NP-EXT 4.58) (PP-DIR to (NP 457.52))) .)) (TOP (S (NP-SBJ (NP The Nasdaq Financial Index) (PP of (NP giant insurance and banking issues))) (VP lost (NP 2.38) (PP-DIR to (NP 458.32))) .)) (TOP (S (NP-SBJ Some traders) (VP said (SBAR 0 (S (NP-SBJ (NP the sell-off) (PP of (NP technology stocks)) (PP on (NP low volume))) (VP reflected (NP (NP a lack) (PP of (NP (NP conviction) (PP by (NP investors))))))))) .)) (TOP (S But (NP-SBJ (NP Charlie Howley) , (NP (NP vice president) (PP in (NP (NP charge) (PP of (NP (NP OTC trading) (PP-LOC at (NP (NP SoundView Financial) (PP-LOC in (NP (NP Stamford) , (NP Conn.) ,)))))))))) (VP said (SBAR 0 (S (NP-SBJ the selling) (VP was (ADJP-PRD orderly))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD a quiet retreat))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Howley) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD (NP nothing dramatic) , (NP just a routine sell-off))) . '')) (TOP (S (S-TPC-1 (NP-SBJ (NP Some) (PP of (NP it))) (VP was (ADJP-PRD due (PP to (NP (NP lower-than-expected earnings) (PP from (NP leading companies))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ (NP some) (PP of (NP it))) (ADVP also) (VP represented (NP (NP profit-taking) (PP by (NP (NP investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP made (NP (NP big gains) (PP-LOC in (NP some issues))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Yesterday 's) volume) (PP of (NP (QP 117.2 million) shares))) (VP was (PP-PRD (ADVP far) below (NP (NP (NP last week 's) sizzling average) (PP of (NP (QP nearly 177 million)))))) .)) (TOP (S (PP-TMP For (NP October)) (ADVP so far) , (NP-SBJ daily volume) (VP is (VP averaging (NP (QP 150.3 million)) , (S-ADV (NP-SBJ *) (VP putting (NP it) (PP-PUT on (NP (NP track) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP be (NP-PRD (NP the year 's) busiest month))))))))))) .)) (TOP (S (NP-SBJ (NP Apple Computer) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP reported (NP lackluster earnings) (NP-TMP Friday)))) ,) (VP lost (NP 1 1) (PP-DIR to (NP 46 3)) (PP on (NP (QP 1.1 million) shares))) .)) (TOP (S (NP-SBJ (NP Stratus Computer) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP reported (NP (NP earnings) (NP-TMP late Friday) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP were (PP-PRD in (NP (NP line) (PP with (NP a disappointing forecast))))))))))) ,) (VP eased (NP-EXT 3) (PP-DIR to (NP 24)) (PP on (NP 816,000 shares))) .)) (TOP (S (NP-SBJ Investors) (ADVP apparently) (VP did n't (VP like (NP (NP the news) (PP from (NP Rainbow Technologies))) (ADVP either))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ net income) (VP was (NP-PRD (NP 17 cents) (NP-ADV a share) (PP-TMP in (NP the third quarter))) , (PP compared (PP with (NP (NP 16 cents) (NP-ADV a share) (ADVP-TMP (NP a year) earlier)))))))) .)) (TOP (S (NP-SBJ (NP Rainbow 's) stock) (VP dropped (NP-EXT 2) (PP-DIR to (NP 14 1))) .)) (TOP (S (NP-SBJ (NP Other technology stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP were (ADJP-PRD weaker))))) (VP included (NP (NP (NP Intel) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP fell (NP-EXT 1 1) (PP-DIR to (NP (QP 33 1))) (PP on (NP (QP 1.9 million) shares))))) ,) (NP (NP Mentor Graphics) , (ADVP down (NP 3) (PP to (NP (QP 16 1))) (PP on (NP (QP 1.6 million) shares))) ,) (NP (NP Sun Microsystems) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP slipped (NP-EXT 3) (PP-DIR to (NP (QP 18 1))))))) , and (NP (NP MCI Communications) , (ADVP down (NP 1) (PP to (NP (QP 42 3))))))) .)) (TOP (S (NP-SBJ (NP Microsoft) , (SBAR (WHNP-1 which) (S (NP-TMP last week) (NP-SBJ *T*-1) (VP rose (PP-DIR to (NP a record))))) ,) (VP fell (NP victim) (PP-CLR to (NP profit-taking)) (PRN , (S (NP-SBJ traders) (VP said)) ,) (SBAR-ADV as (S (NP-SBJ it) (VP declined (NP-EXT (QP 2 1)) (PP-DIR to (NP (QP 83 1))))))) .)) (TOP (S (NP-SBJ Conner Peripherals) (VP was (ADJP-PRD unchanged (PP-LOC at (NP 15)))) .)) (TOP (S (PP-LOC Among (NP takeover stocks)) , (NP-SBJ Jefferson Smurfit) (VP jumped (NP-EXT (QP 1 1)) (PP-DIR to (NP (QP 42 1))) (SBAR-TMP after (S (NP-SBJ SIBV-MS Holdings) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the price) (SBAR (WHNP-3 0) (S (NP-SBJ-2 *T*-3) (VP to (VP be (VP paid (NP *-2) (PP-DTV to (NP (NP Jefferson Smurfit 's) minority holders)))))))) (VP has (VP been (VP raised (NP *-1) (PP-DIR to (NP (NP $ 43 *U*) (NP-ADV a share)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The increase) (PP of (NP (NP $ 1.25 *U*) (NP-ADV a share)))) (VP is (VP being (VP made (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP settle (NP (NP shareholder litigation) (VP relating (PP-CLR to (NP (NP SIBV-MS 's) tender offer)))))))))) .)) (TOP (S (NP-SBJ SIBV-MS Holdings) (VP is (NP-PRD (NP a new company) (VP (ADVP-MNR jointly) owned (NP *) (PP by (NP-LGS (NP (NP an affiliate) (PP of (NP Jefferson Smurfit))) and (NP a Morgan Stanley limited partnership)))))) .)) (TOP (S (NP-SBJ (NP The Jefferson Smurfit affiliate) , (NP Smurfit International B.V.) ,) (VP holds (NP (NP (QP about 78) %) (PP of (NP (NP the shares) (ADJP outstanding))))) .)) (TOP (S (NP-SBJ-1 These shares) (VP will (VP be (VP bought (NP *-1) (PP by (NP-LGS SIBV-MS Holdings)) (PP-CLR at (NP (NP $ 41.75 *U*) (NP-ADV each))) (PP-TMP after (NP (NP the acquisition) (PP of (NP the minority shares))))))) .)) (TOP (S (NP-SBJ (NP Another takeover target) , (NP LIN Broadcasting) ,) (VP eased (NP-EXT 1) (PP-DIR to (NP (QP 110 1))) (PP on (NP 313,800 shares))) .)) (TOP (S (NP-SBJ (NP (NP LIN 's) suitor) , (NP McCaw Cellular Communications) ,) (VP dropped (NP-EXT 1) (PP-DIR to (NP 40)) (PP on (NP (QP almost 350,000) shares))) .)) (TOP (S (NP-SBJ Some analysts) (VP say (SBAR 0 (S (NP-SBJ-1 investors) (VP will (VP begin (S (NP-SBJ *-1) (VP paying (NP more attention) (PP-CLR to (NP earnings)))) , (PP-PRP (ADVP partly) in (NP (NP response) (PP to (NP (NP the latest round) (PP of (NP disappointments))))))))))) .)) (TOP (S (NP-SBJ They) (VP say (SBAR 0 (S (NP-SBJ investors) (VP will (VP favor (NP (NP companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP historically) (VP have (VP posted (NP (NP annual earnings growth) (PP of (NP (QP 15 % to 20) %))))))))))))) .)) (TOP (S-2 (NP-SBJ That) (VP would (VP be (NP-PRD (NP good news) (PP for (NP the OTC market))) (PRN , (S (NP-SBJ some analysts) (VP say (SBAR 0 (S *T*-2)))) ,) (SBAR-PRP because (S (NP-SBJ-1 many small growth stocks) (VP are (VP traded (NP *-1) (ADVP-LOC there))))))) .)) (TOP (S (NP-SBJ (NP Michael R. Weisberg) , (NP (NP partner) (PP in (NP (NP charge) (PP of (NP research)))) (PP-LOC at (NP (NP Robertson Stephens & Co.) (PP-LOC in (NP San Francisco))))) ,) (VP said (SBAR 0 (S (NP-SBJ some investors) (VP have (ADVP already) (VP made (NP the switch)))))) .)) (TOP (S (NP-SBJ (NP The Robertson Stephens Index) (PP of (NP 340 emerging growth stocks))) (VP is (ADVP-PRD up (NP 23.1 %)) (PP-TMP for (NP (NP the year) (PP-TMP through (NP Friday))))) .)) (TOP (S (NP-SBJ The rise) (VP matches (NP (NP that) (PP of (NP the Dow Jones industrials)) (NP-TMP this year))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (VP been (NP-PRD (NP a spectacular year) (PP for (NP the emerging growth stock investor)))))) , '' (NP-SBJ Mr. Weisberg) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP predicted (SBAR that (S (NP-SBJ the (ADJP most popular) growth companies) (VP will (VP be (NP-PRD (NP those) (PP with (NP `` (NP (NP some kind) (PP of (NP unique product or franchise))) '' (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (S (NP-SBJ-2 them) (VP appear (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP sustain (NP their momentum)))))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP puts (NP (NP the OTC market 's) Nellcor , Office Club and BizMart) (PP-PUT on (NP the list))) .)) (TOP (S (NP-SBJ (NP Nellcor) , (NP (NP a maker) (PP of (NP electronic patient monitoring systems))) ,) (VP was (ADVP-PRD up (NP 3) (PP to (NP (QP 16 7))) (PP on (NP 258,000 shares))) (NP-TMP yesterday) , (SBAR-ADV while (S (NP-SBJ retailing issue Office Club) (VP was (ADJP-PRD unchanged (PP at (NP 10 3)) (PP on (NP 65,200 shares))))))) .)) (TOP (S (NP-SBJ (NP BizMart) , (NP another retailing stock) ,) (VP was (ADVP-PRD off (NP (NP (QP 3 to 8 1)) (PP on (NP (NP nearly 80,000) shares))))) .)) (TOP (S (NP-SBJ (NP Other favorites) (PP of (NP (NP growth-stock analysts) and (NP money managers)))) (ADVP also) (VP had (NP a mixed session)) .)) (TOP (S (S (NP-SBJ (NP Payco American) , (NP a credit collection concern) ,) (VP jumped (NP (QP 1 3)) (PP-DIR to (NP (QP 20 5))) (PP on (NP (NP volume) (PP of (NP 93,000)))))) , and (S (NP-SBJ (NP Mail Boxes Etc.) , (NP a private postal services company) ,) (VP advanced (NP-EXT 1) (PP-DIR to (NP (QP 23 1))) (PP on (NP (NP volume) (PP of (NP 64,000)))))) .)) (TOP (S But (NP-SBJ (NP Legent) , (NP a systems software stock) ,) (VP was (ADVP-PRD down (NP 1) (PP to (NP (QP 29 3))) (PP on (NP 39,300 shares)))) .)) (TOP (S (NP-SBJ (NP Novell) , (NP a computer networking concern) ,) (VP fell (NP-EXT (QP 1 1)) (PP-DIR to (NP 30)) (PP on (NP 152,000 shares))) .)) (TOP (S (ADVP-LOC Elsewhere) , (NP-SBJ-1 Valley National) (VP continued (NP its slide) , (S-ADV (NP-SBJ *-1) (VP dropping (NP-EXT (QP 2 1)) (PP-DIR to (NP 15)) (PP on (NP (QP 1.7 million) shares))))) .)) (TOP (S (NP-SBJ The Arizona banking concern) (VP is (VP facing (NP (NP difficulties) (VP related (NP *) (PP-CLR to (NP (NP weakness) (PP-LOC in (NP (NP the real estate market) (PP-LOC in (NP the state)))))))))) .)) (TOP (S (NP-SBJ Higher earnings) (VP helped (NP some issues)) .)) (TOP (S (S (NP-SBJ Amgen) (VP rose (NP-EXT (QP 2 1)) (PP-DIR to (NP (QP 54 3))) (PP on (NP (QP almost 800,000) shares)))) , and (S (NP-SBJ CVB Financial) (VP jumped (NP-EXT 4) (PP-DIR to (NP 41)) (PP on (NP (QP only 1,000) shares)))) .)) (TOP (SBARQ (WHADVP Why) (SQ ca n't (NP-SBJ we) (VP teach (NP-1 our children) (S (NP-SBJ *-1) (VP to (VP read , write and reckon))))) ?)) (TOP (S (NP-SBJ It) (VP 's not (SBAR-PRD that (S (NP-SBJ we) (VP do n't (VP know (SBAR (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP *?* (ADVP-MNR *T*-1))))))))) , (SBAR-PRP because (S (NP-SBJ we) (VP do (VP *?*))))) .)) (TOP (S (NP-SBJ It) (VP 's (SBAR-PRD that (S (NP-SBJ-1 we) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP *?*)))))))) .)) (TOP (S And (NP-SBJ (NP the reason) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 we) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP *?* (ADVP-PRP *T*-2))))))))) (VP is (SBAR-PRD that (S (NP-SBJ effective education) (VP would (VP require (S (NP-SBJ us) (VP (VP to (VP relinquish (NP (NP some cherished metaphysical beliefs) (PP about (NP (NP (NP human nature) (PP in (ADJP general))) and (NP (NP (NP the human nature) (PP of (NP young people))) (PP in (ADJP particular)))))))) , (CONJP as well as) (VP to (VP violate (NP some cherished vested interests)))))))))) .)) (TOP (S (NP-SBJ These beliefs) (VP (ADVP-MNR so) dominate (NP (NP our educational establishment) , (NP our media) , (NP our politicians) , and (NP even our parents)) (SBAR-CLR that (S (NP-SBJ (NP it) (S *EXP*-1)) (VP seems (ADJP-PRD almost blasphemous) (S-1 (NP-SBJ *) (VP to (VP challenge (NP them)))))))) .)) (TOP (SINV (ADVP-LOC-TPC-PRD-1 Here) (VP is (ADVP-LOC-PRD *T*-1)) (NP-SBJ an example) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 I) (VP were (S (NP-SBJ *-1) (VP to (VP ask (NP (NP a sample) (PP of (NP American parents))) , `` (SQ Do (NP-SBJ you) (VP wish (S (NP-SBJ the elementary schools) (VP to (VP encourage (NP (NP creativity) (PP in (NP your children))))))) ?) '')))))) (NP-SBJ the near-unanimous answer) (VP would (VP be , `` (FRAG-PRD (INTJ Yes) , (PP of (NP course))))) . '')) (TOP (SBARQ But (WHNP-1 what) (SQ do (NP-SBJ we) (VP mean (NP *T*-1) , (ADVP specifically) , (PP-CLR by `` (NP creativity) ''))) ?)) (TOP (S (NP-SBJ No one) (VP can (VP say (SBAR *?*))) .)) (TOP (S (PP In (NP practice)) , (NP-SBJ-3 it) (VP ends (PRT up) (S-PRD (NP-SBJ-1 *-3) (VP being (VP equated (NP *-1) (PP-CLR with (NP (NP a `` self-expression '') (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP encourages (NP (NP the youngsters ') `` self-esteem)))))))))) . '')) (TOP (S (NP-SBJ The result) (VP is (NP-PRD (NP a generation) (PP of (NP (NP young people) (SBAR (WHNP-2 whose (NX (NX ignorance) and (NX intellectual incompetence))) (S (NP-SBJ-1 *T*-2) (VP is (VP matched (NP *-1) (ADVP only) (PP-CLR by (NP (NP their good opinion) (PP of (NP themselves)))))))))))) .)) (TOP (S (NP-SBJ (NP The whole notion) (PP of (NP `` (NP creativity) '' (PP-LOC in (NP education))))) (VP was (PRN -LRB- and is -RRB-) (NP-PRD (NP (NP part and parcel) (PP of (NP (NP a romantic rebellion) (PP against (NP (NP disciplined instruction) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP was (PRN -LRB- and is -RRB-) (VP regarded (NP *-2) (PP-CLR as (UCP `` (ADJP authoritarian) , '' (NP (NP a repression and frustration) (PP of (NP (NP the latent talents) and (NP (NP the (ADJP wonderful , if as yet undefined ,) potentialities) (ADJP inherent (PP-LOC in (NP (NP the souls) (PP of (NP all our children)))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP is (ADJP-PRD not surprising) (SBAR-2 that (S (NP-SBJ parents) (VP find (S (NP-SBJ this romantic extravagance) (ADJP-PRD so attractive)))))) .)) (TOP (S (ADVP Fortunately) , (S (NP-SBJ these same parents) (VP do (VP want (S (NP-SBJ their children) (VP to (VP get (NP (NP a decent education) (SBAR as (S (NP-SBJ-2 *) (VP (ADVP-MNR traditionally) understood (NP *-2))))))))))) , and (S (NP-SBJ-3 they) (VP have (NP (NP enough common sense) (S (NP-SBJ *-3) (VP to (VP know (SBAR (WHNP-1 what) (S (NP-SBJ that) (VP demands (NP *T*-1)))))))))) .)) (TOP (S (NP-SBJ (NP Their) commitment (PP to (NP `` creativity ''))) (VP can not (VP survive (NP adolescent illiteracy))) .)) (TOP (S (NP-SBJ-1 (NP American education 's) future) (VP will (VP be (VP determined (NP *-1) (PP by (NP-LGS (NP the degree) (SBAR (WHPP-3 to (WHNP which)) (S (NP-SBJ (NP we) (PRN -- (NP (NP all) (PP of (NP us))) --)) (VP allow (S (NP-SBJ this common sense) (VP to (VP prevail (PP-CLR over (NP (NP the illusions) (SBAR (WHNP-2 that) (S (NP-SBJ we) (ADVP also) (VP share (NP *T*-2)))))) (PP *T*-3)))))))))))) .)) (TOP (S (NP-SBJ The education establishment) (VP will (VP fight (PP-CLR against (NP common sense)) (NP-LOC (NP every inch) (PP of (NP the way))))) .)) (TOP (S (S (NP-SBJ The reasons) (VP are (ADJP-PRD complex))) , but (S (NP-SBJ-1 one simple reason) (VP ought not (S (NP-SBJ-2 *-1) (VP to (VP be (VP underestimated (NP *-2))))))) .)) (TOP (S (NP-SBJ `` (NP Progressive education) '' (PRN -LRB- (SBAR (WHNP-2 0) as (S (NP-SBJ-1 it) (VP was (ADVP-TMP once) (VP called (S (NP-SBJ *-1) (NP-PRD *T*-2)))))) -RRB-)) (VP is (ADJP-PRD (ADJP (ADVP far more) interesting and agreeable (PP to (NP teachers))) (SBAR than (SINV (VP is (ADJP-PRD *?*)) (NP-SBJ disciplined instruction))))) .)) (TOP (S (NP-SBJ It) (VP is (ADJP-PRD (ADJP nice (SBAR for (S (NP-SBJ teachers) (VP to (VP think (SBAR 0 (S (NP-SBJ-1 they) (VP are (VP engaged (NP *-1) (PP-CLR in `` (NP personality development) '')))))))))) and (ADJP even nicer (S (NP-SBJ *) (VP to (VP minimize (NP (NP those irksome tests) (PP with (NP (ADJP often disappointing) results))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP provides (NP teachers) (PP-CLR with (NP (NP a superior self-definition) (PP as (NP a `` profession)))) , '' (SBAR-PRP since (S (NP-SBJ they) (VP will (VP have (VP passed (NP (NP courses) (PP in (NP (NP educational psychology) and (NP educational philosophy)))))))))) .)) (TOP (S (NP-SBJ-1 (NP I) (NP myself)) (VP took (NP such courses) (PP-LOC in (NP college)) , (S-ADV (NP-SBJ *-1) (VP thinking (SBAR 0 (S (NP-SBJ I) (VP might (VP end (PRT up) (NP-PRD a schoolteacher)))))))) .)) (TOP (S (NP-SBJ-1 They) (VP could (ADVP all) (VP (ADVP fairly) be (VP described (NP *-1) (PP-CLR as (NP `` pap '' courses))))) .)) (TOP (S But (NP-SBJ (NP it) (S *EXP*-3)) (VP is (ADJP-PRD unfair) (S-3 (NP-SBJ *) (VP to (VP dump (PP-CLR on (NP (NP teachers) , (PP as (ADJP distinct (PP from (NP the educational establishment)))))))))) .)) (TOP (S (S (NP-SBJ I) (VP know (NP many schoolteachers))) and , (S (PP on (NP the whole)) , (NP-SBJ they) (VP are (ADJP-PRD (ADVP seriously) committed (PP to (NP conscientious teaching))))) .)) (TOP (S (S (NP-SBJ They) (VP may not (VP be (PP-LOC-PRD among (NP (NP the `` best and brightest '') (PP of (NP their generation))))))) -- (S (NP-SBJ there) (VP are (NP-PRD (ADJP very few) such people) , (PP by (NP definition)))) .)) (TOP (S But (NP-SBJ-1 they) (VP need not (S (NP-SBJ *-1) (VP be (ADJP-PRD *?*) (S-PRP (NP-SBJ *-1) (VP to (VP do (NP their jobs) (ADVP-MNR well))))))) .)) (TOP (S (INTJ Yes) , (NP-SBJ (NP we) (NP all)) (VP can (VP remember (NP (NP (QP one or two) (ADJP truly inspiring) teachers) (PP from (NP our school days))))) .)) (TOP (S But (NP-SBJ our education) (VP proceeded (PP-MNR at (NP (NP the hands) (PP of (NP (NP those others) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP were (ADJP-PRD merely competent and conscientious))))))))) .)) (TOP (S (PP In (NP this sense)) , (NP-SBJ-1 a teacher) (VP can (VP be (VP compared (NP *-1) (PP-CLR to (NP (NP one 's) family doctor))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ he) (VP were (ADJP-PRD brilliant)))) , (NP-SBJ he) (ADVP probably) (VP would not (VP be (NP-PRD a family doctor) (PP in (NP the first place)))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ he) (VP is (ADJP-PRD competent and conscientious)))) , (NP-SBJ he) (VP serves (NP us) (ADVP-MNR well)) .)) (TOP (S (NP-SBJ Our teachers) (VP are not (NP-PRD (NP an important factor) (PP-LOC in (NP our educational crisis)))) .)) (TOP (S (S (SBAR-SBJ Whether (S (NP-SBJ they) (VP (VP are (ADJP-PRD *RNR*-4)) or (VP are not (ADJP-PRD *RNR*-4)) (ADJP-4 underpaid)))) (VP is (NP-PRD (NP a problem) (PP of (NP equity))))) ; (S (NP-SBJ it) (VP is not (NP-PRD an educational problem))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-5)) (VP is (NP-PRD (NP silly libel) (PP on (NP our teachers))) (S-5 (NP-SBJ *) (VP to (VP think (SBAR 0 (S (NP-SBJ they) (VP would (VP educate (NP our children) (ADVP-MNR better) (SBAR-ADV if only (S (NP-SBJ they) (VP got (NP (NP (QP a few thousand) dollars) (NP-ADV a year) (QP more))))))))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP (NP the kind) (PP of (NP libel))) (SBAR (WHNP-2 0) (S (NP-SBJ-1 (NP the teachers ') unions) (VP do n't (VP mind (S (NP-SBJ *-1) (VP spreading (NP *T*-2) , (PP-PRP for (NP their own narrow purposes)))))))))) .)) (TOP (S (NP-SBJ It) (VP is (ADVP also) (NP-PRD (NP (NP the kind) (PP of (NP libel))) (SBAR (WHNP-1 0) (S (NP-SBJ politicians) (VP find (S (NP-SBJ *T*-1) (ADJP-PRD useful)) , (SBAR-PRP since (S (NP-SBJ it) (VP helps (S (NP-SBJ them) (VP strike (NP a friendly posture) (PP on (NP (NP behalf) (PP of (NP an important constituency)))))))))))))) .)) (TOP (S But (NP-SBJ there) (VP is not (NP-PRD (NP one shred) (PP of (NP evidence (SBAR that (S , (S-ADV (NP-SBJ other things) (VP being (ADJP-PRD equal))) , (NP-SBJ salary differentials) (VP result (PP-CLR in (NP educational differentials))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ there) (VP were (NP-PRD such evidence)))) , (NP-SBJ you) (VP can (VP be (ADJP-PRD sure (SBAR 0 (S (NP-SBJ you) (VP would (VP have (VP heard (PP-CLR of (NP it)))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-4 we) (VP wish (S (NP-SBJ *-4) (VP to (VP be (ADJP-PRD serious (PP about (NP American education))))))))) , (NP-SBJ we) (VP know (SBAR (SBAR (WHNP-2 exactly what) (S (NP-SBJ *) (VP to (VP do (NP *T*-2))))) -- and (PRN , (PP (ADVP just) as (ADJP important)) ,) (SBAR (WHNP-3 what) (S (NP-SBJ *) not (VP to (VP do (NP *T*-3))))))) .)) (TOP (S (S (NP-SBJ There) (VP are (NP-PRD (NP (NP many successful schools) (VP scattered (NP *) (PP-LOC throughout (NP this nation)))) , (NP (NP some) (PP of (NP them)) (PP-LOC in (NP (NP the poorest) (PP of (NP ghettos)))))))) , and (S (NP-SBJ they) (VP are (ADVP all) (VP sending (NP us) (NP the same message)))) .)) (TOP (S (S (ADVP Conversely) , (NP-SBJ there) (VP are (NP-PRD (NP the majority) (PP of (NP unsuccessful schools))))) , and (S (NP-SBJ we) (VP know (SBAR (WHNP-2 (WHNP which efforts) (PP-LOC at (NP educational reform))) (S (NP-SBJ-1 *T*-2) (VP are (VP doomed (NP *-1))))) (ADVP-TMP beforehand))) .)) (TOP (S (NP-SBJ We) (ADVP really) (VP do (VP know (NP (NP all) (SBAR (WHNP-1 0) (S (NP-SBJ-2 we) (VP need (S (NP-SBJ *-2) (VP to (VP know (NP *T*-1)))))))) , (SBAR-SBJ if only (S (NP-SBJ we) (VP could (VP assimilate (NP this knowledge) (PP-CLR into (NP our thinking)))))))) .)) (TOP (S (PP In (NP this respect)) , (NP-SBJ it) (VP would (VP be (ADJP-PRD helpful) (SBAR-ADV if (S (NP-SBJ our political leaders) (VP were (ADJP-PRD (ADJP mute) , (PP rather than (ADJP eloquently `` concerned)))))))) . '')) (TOP (S (NP-SBJ-2 They) (VP are (VP (ADVP inevitably) inclined (S (NP-SBJ *-2) (VP to (VP echo (NP the conventional pap)))) , (SBAR-PRP since (S (NP-SBJ this) (VP is (NP-PRD (NP the (ADJP least controversial) option) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD open (PP to (NP them)))))))))))) .)) (TOP (S (ADVP Thus) (PP at (NP (NP (NP the recent governors ') conference) (PP on (NP education)))) , (NP-SBJ (NP Gov. Bill Clinton) (PP of (NP Arkansas))) (VP announced (SBAR that `` (S (NP-SBJ this country) (VP needs (NP (NP a comprehensive child-development policy) (PP for (NP (NP children) (PP under (NP five))))))))) . '')) (TOP (S (NP-SBJ-1 (NP A comprehensive development policy) (PP for (NP (NP governors) (PP over (NP 30))))) (VP would (VP seem (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a (ADJP more pressing) need)))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ Gov. Clinton) (VP is (VP advocating (NP *T*-1))))) , (PP in (NP effect)) , (VP is (S-PRD (NP-SBJ *) (VP extending (NP the educational system) (ADVP-LOC down (PP to (NP the pre-kindergarten years)))))) .)) (TOP (S (SBAR-ADV Whether (S (NP-SBJ *-1) (ADJP-PRD desirable)) or not) , (NP-SBJ-1 this) (VP is (NP-PRD (NP a child-care program) , not (NP an educational program))) .)) (TOP (S (S (NP-SBJ We) (VP know (SBAR that (S (NP-SBJ (NP (ADJP very early) exposure) (PP to (NP schooling))) (VP improves (NP (NP performance) (PP-TMP in (NP the first grade)))))))) , but (S (ADVP-TMP afterward) (NP-SBJ-1 the difference) (VP is (VP (ADVP quickly) washed (NP *-1) (PRT away)))) .)) (TOP (S (S (NP-SBJ *) (VP Let (S (NP-SBJ us) (VP sum (PRT up) (SBAR-NOM (WHNP-2 what) (S (NP-SBJ we) (VP do (VP know (NP *T*-2) (PP-CLR (PP about (NP education)) and (PP about (NP (NP those education reforms) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP do (VP work)) and (VP do n't (VP work)))))))))))))))) : -- (S `` (NP-SBJ Parental involvement) '' (VP is (NP-PRD a bad idea))) .)) (TOP (S (NP-SBJ-1 Parents) (VP are (ADJP-PRD too likely (S (NP-SBJ *-1) (VP to (VP blame (NP schools) (PP-CLR for (NP (NP the educational limitations) (PP of (NP their children))))))))) .)) (TOP (S (NP-SBJ Parents) (VP should (VP be (ADJP-PRD involved (PP with (NP (NP (NP their children 's) education) (PP-LOC (PP at (NP home)) , not (PP in (NP school)))))))) .)) (TOP (S (S (NP-SBJ They) (VP should (VP see (PP-CLR to (NP it)) (SBAR that (S (NP-SBJ their kids) (VP do n't (VP play (NP truant)))))))) ; (S (NP-SBJ they) (VP should (VP make (PRT certain) (SBAR that (S (NP-SBJ the children) (VP spend (NP (NP enough time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP doing (NP homework) (ADVP-TMP *T*-1))))))))))) ; (S (NP-SBJ they) (VP should (VP scrutinize (NP the report card)))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 parents) (VP are (VP dissatisfied (NP *-1) (PP-CLR with (NP a school)))))) , (NP-SBJ-2 they) (VP should (VP have (NP (NP the option) (PP of (S-NOM (NP-SBJ *-2) (VP switching (PP-CLR to (NP another)))))))) .)) (TOP (S -- `` (NP-SBJ Community involvement) '' (VP is (NP-PRD an (ADJP even worse) idea)) .)) (TOP (S (ADVP-LOC Here) , (NP-SBJ (NP the experience) (PP of (NP New York City))) (VP is (ADJP-PRD decisive)) .)) (TOP (S (NP-SBJ (ADJP Locally elected) school boards) , (PP-LOC (ADVP especially) in (NP our larger cities)) , (VP become (NP-PRD (NP the prey) (PP of (NP (ADJP (ADJP ambitious) , (ADJP generally corrupt) , and (ADJP invariably demagogic)) (NX (NX local politicians) or (NX would-be politicians)))))) .)) (TOP (S (NP-SBJ-1 New York) (VP is (PP-PRD in (NP (NP the process) (PP of (S-NOM (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP disengage (NP itself) (PP-CLR from (NP (NP a 20-year-old commitment) (PP to (NP (NP this system) (PP of (NP school governance)))))))))))))) , (SBAR-TMP even as (S (NP-SBJ-3 (NP Chicago) and (NP other cities)) (VP are (VP moving (S (NP-SBJ *-3) (VP to (VP institute (NP it))))))))) .)) (TOP (S -- (PP-LOC In (NP most states)) , (S-NOM-SBJ (NP-SBJ *) (VP increasing (NP (NP expenditures) (PP on (NP education))))) , (PP-LOC in (NP our current circumstances)) , (VP will (ADVP probably) (VP make (S (NP-SBJ things) (ADJP-PRD worse , not better)))) .)) (TOP (S (S (NP-SBJ The reason) (VP is (ADJP-PRD simple))) : (S (NP-SBJ Education) (VP takes (NP place) (PP-LOC in (NP (NP the classroom) , (SBAR (WHADVP-1 where) (S (NP-SBJ (NP the influence) (PP of (NP money))) (VP is (ADJP-PRD minimal) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Decades) (PP of (NP educational research))) (VP tell (NP us) (ADVP-MNR unequivocally) (SBAR that (S (NP-SBJ even smaller classes) (VP have (NP (NP zero effect) (PP on (NP (NP the academic performance) (PP of (NP the pupils))))) -- (SBAR-ADV though (S (NP-SBJ they) (VP may (ADVP-TMP sometimes) (VP be (ADJP-PRD desirable) (PP-PRP for (NP other reasons)))))))))) .)) (TOP (S (NP-SBJ The new money) (VP flows (PP-DIR into (NP (NP the (ADJP already top-heavy) administrative structure) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP busies (NP itself) (S (NP-SBJ *-2) (VP piling (NP (ADJP more and more) paper work) (PP-CLR on (NP the teachers)))))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD neither mystery nor paradox) (PP-LOC in (NP the fact (SBAR that (S (SBAR-ADV as (S (S (NP-SBJ educational expenditures) (PRN -LRB- (PP in (NP real terms)) -RRB-) (VP have (VP increased (ADVP-MNR sharply) (PP-TMP in (NP the past quarter-of-a-century))))) (PRN -- (S (NP-SBJ we) (ADVP-TMP now) (VP spend (NP (NP more) (PP per (NP pupil)) (PP than (NP (NP any other country) (PP-LOC in (NP the world))))))) --))) (NP-SBJ educational performance) (VP has (VP declined))))))) .)) (TOP (S (NP-SBJ That) (VP is (NP-PRD (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ the system) (VP works (ADVP-MNR *T*-1)))))) .)) (TOP (S -- (NP-SBJ Students) (VP should (VP move (PP-DIR up (NP the educational ladder)) (SBAR-MNR as (S (NP-SBJ their academic potential) (VP allows))))) .)) (TOP (S (NP-SBJ-3 No student) (VP should (VP be (VP permitted (S (NP-SBJ-1 *-3) (VP to (VP be (VP graduated (NP *-1) (PP-CLR from (NP elementary school)) (PP-MNR without (S-NOM (NP-SBJ *) (VP having (VP mastered (NP (NP the 3 R 's) (PP-LOC at (NP (NP the level) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP prevailed (ADVP-TMP (NP 20 years) ago)))))))))))))))))) .)) (TOP (S (NP-SBJ This) (VP means (NP `` (NP tracking) , '' (SBAR (WHNP-1 whose main purpose) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD (ADJP less (S (NP-SBJ *) (VP to (VP permit (S (NP-SBJ the gifted youngsters) (VP to (VP flourish))) (PRN -LRB- (SBAR-ADV though (S (NP-SBJ that) (VP is (ADJP-PRD clearly desirable)))) -RRB-))))) (SBAR than (S (NP-SBJ *) (VP to (VP ensure (SBAR that (S (NP-SBJ the less gifted) (VP get (NP (NP the necessary grounding) (PP (PP for (NP further study)) or (PP for (S-NOM (NP-SBJ *) (VP entering (NP (NP the modern world) (PP of (NP work))))))))))))))))))))) .)) (TOP (S (NP-SBJ The notion (SBAR that (S (NP-SBJ tracking) (VP is (ADVP somehow) `` (ADJP-PRD undemocratic) '')))) (VP is (ADJP-PRD absurd)) .)) (TOP (S (NP-SBJ (NP The purpose) (PP of (NP education))) (VP is (S-PRD (NP-SBJ *) (VP to (VP encourage (S (NP-SBJ young men and women) (VP to (VP realize (NP their full academic potential)))))))) .)) (TOP (S (NP-SBJ (NP No one) (PP in (NP his right mind))) (VP (ADVP actually) believes (SBAR that (S (NP-SBJ (NP we) (NP all)) (VP have (NP an equal academic potential))))) .)) (TOP (S -- (NP-SBJ (NP It) (S *EXP*-6)) (VP is (ADVP generally) (ADJP-PRD desirable) (S-6 (NP-SBJ *) (VP to (VP use (NP (NP (NP older textbooks) -- (NP (NP (NP many) (PP of (NP them))) , (INTJ alas) , (PP out (PP of (NP print)))) --) (PP rather than (NP newer ones))))))) .)) (TOP (S (NP-SBJ The latter) (VP are (ADJP-PRD (ADJP modish) , (ADJP trendy) , (ADJP often downright silly) , and (ADJP (ADVP at best) insubstantial))) .)) (TOP (S (NP-SBJ-1 They) (VP are (VP based (NP *-1) (PP-CLR (PP on (NP dubious (ADJP psychological and sociological) theories)) (CONJP rather than) (PP on (NP educational experience))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the reasons) (SBAR (WHADVP-1 0) (S (NP-SBJ American students) (VP do (ADVP-MNR so poorly) (PP-LOC in (NP math tests)) (ADVP-PRP *T*-1) , (PP as (PP compared (PP with (NP British , French , German or Japanese students))))) ,))))) (VP is (NP-PRD (NP the influence) (PP of (NP the `` New Math '')) (PP on (NP American (NX (NX textbooks) and (NX teaching methods)))))) .)) (TOP (S (NP-SBJ (NP Anyone) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP wants (S (NP-SBJ *-3) (VP to (VP appreciate (SBAR (WHADVP-4 just how bizarre) (S (NP-SBJ (NP this situation) (PP *ICH*-5)) (VP is (ADVP-PRD *T*-4) -- (PP-5 with (S-NOM (NP-SBJ (NP students) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP ca n't (VP add or subtract))))) (VP `` learning '' (NP (NP the conceptual basis) (PP of (NP mathematical theory)))))) --)))))))))) (VP should (VP read (NP (NP the article) (PP by (NP (NP Caleb Nelson) (PRN -LRB- (NP (NP himself) (NP (NP a recent math major) (PP-LOC at (NP Harvard)))) -RRB-))) (PP-LOC in (NP the November American Spectator))))) .)) (TOP (S -- (ADJP Most important (PP of (NP all))) , (NP-SBJ schools) (VP should (VP have (NP (NP principals) (PP with (NP (NP a large measure) (PP of (NP (NP authority) (PP over (NP (NP the faculty) , (NP the curriculum) , and (NP (NP all matters) (PP of (NP student discipline)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Study) (PP after (NP study))) -- (NP (NP the most recent) (PP from (NP the Brookings Institution))) --) (VP tells (NP us) (SBAR that (S (NP-SBJ the best schools) (VP are (NP-PRD (NP those) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP (VP are (ADJP-PRD free (PP of (NP outside interference)))) and (VP are (VP governed (NP *-2) (PP by (NP-LGS a powerful head)))))))))))) .)) (TOP (SINV (PP-TPC-CLR-1 With (NP that authority)) , (PP of (NP course)) , (VP goes (PP-CLR *T*-1)) (NP-SBJ an unambiguous accountability) .)) (TOP (S (NP-SBJ (NP Schools) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP are (VP structured (NP *-1) (PP-MNR in (NP this way))))))) (VP produce (NP (NP students) (PP with (NP (NP higher morale) and (NP superior academic performance))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD a fact) -- (SBAR-ADV though , (S (PP in (NP (NP view) (PP of (NP (NP all the feathers) (SBAR (WHNP-9 that) (S (NP-SBJ-8 *T*-9) (VP are (VP ruffled (NP *-8) (PP by (NP-LGS this fact)))))))))) , (NP-SBJ (NP it) (SBAR *EXP*-7)) (VP is (ADJP-PRD not surprising) (SBAR-7 that (S (NP-SBJ one) (VP hears (NP (NP so little) (PP about (NP it)))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Kristol) , (NP an American Enterprise Institute fellow) ,) (VP (VP co-edits (NP The Public Interest)) and (VP publishes (NP The National Interest))) .)) (TOP (S (NP-SBJ International Business Machines Corp.) (VP unveiled (NP (NP a broad strategy) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP tackle (NP (NP (NP the biggest problem) (SBAR (WHNP-1 that) (S (NP-SBJ manufacturers) (VP face (NP *T*-1) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ *) (VP computerizing (NP their operations) (ADVP-TMP *T*-3)))))))) : (S (NP-SBJ Most machines) (VP ca n't (VP talk (PP-CLR to (NP each other)))))))))))) .)) (TOP (S (NP-SBJ The company) (VP unveiled (NP (NP (QP more than 50) products) , (NP mostly software) , (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP are (VP designed (S (NP-SBJ *-2) (VP to (VP integrate (NP (NP (NP the three areas) (PP of (NP a manufacturing operation))) -- (NP (NP the plant floor) , (NP design operations) and (NP production planning)))))))))))) .)) (TOP (S (NP-SBJ The aim) , (ADVP ultimately) , (VP is (S-PRD (NP-SBJ *) (VP to (VP increase (NP (NP the flow) (PP of (NP information)) (PP into (NP (NP a manufacturer 's) main computer network)) (PP for (NP (NP use) (PP-LOC in (NP (NP business planning) , (NP marketing) and (NP other operations)))))))))) .)) (TOP (S (NP-SBJ Manufacturers) (VP have (ADVP already) (VP spent (ADVP (ADVP so heavily (PP on (NP automation))) (SBAR that (S (NP-SBJ they) (VP are (NP-PRD (NP one) (PP of (NP (NP the computer industry 's) leading revenue sources))))))))) .)) (TOP (S But (NP-SBJ many manufacturers) (VP find (SBAR that (S (NP-SBJ-1 (NP communication) (PP between (NP different computers))) (VP has (VP been (VP rendered (S (NP-SBJ *-1) (ADJP-PRD nearly impossible)) (PP by (NP-LGS (NP the babel) (PP of (NP (NP computer languages) (VP used (NP *) (PP by (NP-LGS (NP different machines) , (PP including (NP (NP robots) and (NP machine tools)))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP IBM 's) announcement) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP (VP was (VP expected (NP *-2))) and (VP will (ADVP-MNR formally) (VP be (VP made (NP *-2) (PP to (NP customers)) (NP-TMP today))))))) ,) (ADVP also) (VP marks (NP an attempt (S (NP-SBJ *) (VP to (VP gain (NP (NP credibility) (PP-LOC on (NP (NP the plant floor) , (SBAR (SBAR (WHADVP-3 where) (S (NP-SBJ Digital Equipment Corp.) (VP has (ADVP long) (VP dominated (ADVP-LOC *T*-3))))) and (SBAR (WHADVP-4 where) (S (NP-SBJ Hewlett-Packard Co.) (VP has (ADVP-TMP recently) (VP gained (NP market share) (ADVP-LOC *T*-4)))))))))))))) .)) (TOP (S (NP-SBJ Consultants) (VP have (VP said (SBAR that (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP will (VP take (NP a while) (SBAR-1 for (S (NP-SBJ (NP all the pieces) (PP of (NP the IBM strategy))) (VP to (VP fall (PP-CLR into (NP place)))))) , (SBAR-ADV even though (S (NP-SBJ (NP the specific products) (SBAR (WHNP-2 0) (S (NP-SBJ IBM) (VP unveiled (NP *T*-2))))) (VP will (ADVP generally) (VP be (ADJP-PRD available) (PP-TMP by (NP (NP the end) (PP of (NP the first quarter)))))))))))))) .)) (TOP (S (NP-SBJ (NP Sam Albert) , (NP (NP a consultant) (PP-LOC in (NP (NP Scarsdale) , (NP N.Y.)))) ,) (VP said (SBAR that (S (PP-TMP in (NP the past)) (NP-SBJ IBM) (VP has (VP developed (NP broad software strategies) (PP-PRP only for (NP (NP problems) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP crossed (NP industry lines))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ (NP IBM 's) decision (S (NP-SBJ *) (VP to (VP invest (NP (NP this sort) (PP of (NP effort))) (PP-CLR into (NP a single industry)))))) (VP showed (SBAR that (S (NP-SBJ it) (VP (VP was (VP getting (ADJP-PRD serious (PP about (S-NOM (NP-SBJ *) (VP understanding (NP (NP customers ') problems))))))) and (VP was n't (VP (ADVP just) selling (NP technology))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ IBM) (VP to (VP unveil (NP (NP similar strategies) (PP for (NP other industries))) (PP-TMP in (NP coming months))))))))) .)) (TOP (S (NP-SBJ (NP IBM 's) push) (VP is (ADVP also) (ADJP-PRD unusual) (PP in (NP (NP its approach) (PP to (NP marketing))))) .)) (TOP (S (PP Rather than (S-NOM (NP-SBJ-1 *) (VP (ADVP just) send (PRT out) (NP marketing people) (S-PRP (NP-SBJ *-1) (VP to (VP knock (PP-CLR on (NP (NP customers ') doors)))))))) , (NP-SBJ IBM) (VP is (VP making (S (NP-SBJ-2 (NP (QP several hundred)) (PP of (NP its own manufacturing people))) (ADJP-PRD available (S (NP-SBJ *-2) (VP to (VP discuss (NP specific needs)))))))) .)) (TOP (S (NP-SBJ-2 (NP IBM 's) manufacturing staff) (ADVP also) (VP (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP provide (NP (NP software) (SBAR (WHNP-1 that) (S (NP-SBJ IBM) (VP has (VP developed (ADVP-LOC internally) (NP *T*-1)))))))))))) and (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP form (NP (NP teams) (PP with (NP a customer)) (SBAR-PRP (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP (ADVP-MNR jointly) solve (NP manufacturing problems))))))))))))) .)) (TOP (S (S (NP-SBJ IBM) (VP can (ADVP obviously) (VP bring (S (NP-SBJ its expertise) (VP to (VP bear (PP-CLR on (NP (NP problems) (VP related (NP *) (PP-CLR to (NP computer manufacturing))))))))))) , but (S (NP-SBJ it) (VP could (ADVP also) (VP help (NP customers) (PP-CLR on (NP (NP software) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP deal (PP-CLR with (NP (NP such things) (PP as (NP (NP changes) (PP-LOC in (NP engineering documents))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ We) (VP may not (VP have (NP every manufacturing problem)))) , but (S (NP-SBJ we) (VP have (NP most)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP George Conrades) , (NP (NP IBM 's) top marketing official)) .)) (TOP (S (NP-SBJ (NP Japan 's) Big Four securities firms) (VP posted (NP (NP first-half unconsolidated results) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP mirrored (NP (NP softer performance) (PP as (NP (NP a result) (PP of (NP (NP slower turnover) (PP-LOC on (NP the Tokyo Stock Exchange)) (PP-TMP during (NP July and August)))))))))))) .)) (TOP (S (NP-SBJ (NP Figures) (PP for (NP (NP the period) (VP ended (NP-TMP Sept. 30)))) (PP for (NP (NP the four largest brokerage firms) -- (NP (NP Nomura Securities Co.) , (NP Daiwa Securities Co.) , (NP Yamaichi Securities Co.) and (NP Nikko Securities)) --))) (ADVP also) (VP reflected (NP (NP a changeover) (PP to (NP (NP (NP a fiscal year) (VP ending (NP-TMP March 31))) , (VP replacing (NP (NP the 12-month term) (VP (ADVP-TMP formerly) finishing (NP-TMP Sept. 30)))))))) .)) (TOP (S-1 (PP As (NP a result)) (PRN , (S (NP-SBJ brokerage house officials) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP appropriate comparisons) (PP from (NP (NP the same period) (ADVP-TMP (NP a year) earlier)))) (VP were (ADJP-PRD unavailable)) .)) (TOP (S (NP-SBJ-1 (NP Operating profit) , (NP pretax profit) and (NP net income results)) , (ADVP however) , (VP were (VP provided (NP *-1) (PP for (NP the (ADJP immediately preceding) six-month period)))) .)) (TOP (S (NP-SBJ-1 The statistics) (VP follow (NP (NP a year-on-year rebound) (PP in (NP (NP (ADJP consolidated and unconsolidated) results) (PP-TMP in (NP (NP the full fiscal year) (VP ended (PP-TMP in (NP March 1989)))))))) , (S-ADV (NP-SBJ *-1) (VP recovering (PP-CLR from (NP (NP dismal results) (PP-TMP in (NP the prior fiscal year)) (PP as (NP (NP a result) (PP of (NP the (NAC-LOC October 1987) stock market crash))))))))) .)) (TOP (S (NP-SBJ Nomura) (VP said (SBAR 0 (S (NP-SBJ its pretax profits) (VP inched (PRT up) (NP-EXT 0.9 %) (PP-DIR to (NP (NP (QP 248.91 billion) yen) (PRN -LRB- (NP (QP US$ 1.75 billion) *U*) -RRB-))) (PP-DIR from (NP (QP 246.60 billion) yen)) (PP-TMP in (NP (NP the six months) (VP ended (NP-TMP March 31)))))))) .)) (TOP (S (NP-SBJ Total operating profit) (VP fell (NP-EXT 3.1 %) (PP-DIR to (NP (QP 486.1 billion) yen)) (PP-DIR from (NP (QP 501.61 billion) yen))) .)) (TOP (S (NP-SBJ Net income) , (ADVP however) , (VP rose (NP-EXT 3.7 %) (PP-DIR to (NP (QP 107.87 billion) yen)) (PP-DIR from (NP (QP 103.98 billion) yen))) .)) (TOP (S (NP-SBJ Per-share net) (VP rose (PP-DIR to (NP 55.10 yen)) (PP-DIR from (NP 54.51 yen))) .)) (TOP (S (NP-SBJ Daiwa) (VP said (SBAR 0 (S (NP-SBJ its pretax profits) (VP surged (NP-EXT 9.6 %) (PP-DIR to (NP (QP 171.04 billion) yen)) (PP-DIR from (NP (QP 156.12 billion) yen) (PP-TMP in (NP the preceding six-month term))))))) .)) (TOP (S (NP-SBJ Operating profit) (VP rose (NP-EXT 5.5 %) (PP-DIR to (NP (QP 332.38 billion) yen)) (PP-DIR from (NP (QP 315.12 billion) yen))) .)) (TOP (S (NP-SBJ Net income) (VP jumped (NP-EXT 21 %) (PP-DIR to (NP (QP 79.03 billion) yen)) (PP-DIR from (NP (QP 65.53 billion) yen))) .)) (TOP (S (NP-SBJ Per-share net) (VP rose (PP-DIR to (NP 62.04 yen)) (PP-DIR from (NP 51.50 yen))) .)) (TOP (S (NP-SBJ Yamaichi) (VP said (SBAR 0 (S (NP-SBJ its pretax profit) (VP increased (NP-EXT 8.9 %) (PP-DIR to (NP (QP 117.94 billion) yen)) (PP-DIR from (NP (QP 108.28 billion) yen)))))) .)) (TOP (S (NP-SBJ Operating profit) (VP rose (NP-EXT 5.3 %) (PP-DIR to (NP (QP 279.75 billion) yen)) (PP-DIR from (NP (QP 265.79 billion) yen))) .)) (TOP (S (NP-SBJ Net income) (VP surged (NP-EXT 21 %) (PP-DIR to (NP (QP 55.59 billion) yen)) (PP-DIR from (NP (QP 46.02 billion) yen))) .)) (TOP (S (NP-SBJ Per-share net) (VP rose (PP-DIR to (NP 47.46 yen)) (PP-DIR from (NP 39.31 yen))) .)) (TOP (S (NP-SBJ (NP Nikko 's) pretax profit) (VP rose (NP-EXT 1.6 %) (PP-DIR to (NP (QP 130.25 billion) yen)) (PP-DIR from (NP (QP 128.19 billion) yen))) .)) (TOP (S (NP-SBJ Operating profit) (VP rose (NP-EXT 4 %) (PP-DIR to (NP (QP 293.29 billion) yen)) (PP-DIR from (NP (QP 282.08 billion) yen))) .)) (TOP (S (NP-SBJ Net income) (VP rose (NP-EXT 23 %) (PP-DIR to (NP (QP 63.52 billion) yen)) (PP-DIR from (NP (QP 51.65 billion) yen))) .)) (TOP (S (NP-SBJ Per-share net) (VP rose (PP-DIR to (NP 44.08 yen)) (PP-DIR from (NP 36.13 yen))) .)) (TOP (S (NP-SBJ (NP Harken Energy Corp.) (PP of (NP Dallas))) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP drop (NP (NP its (ADJP (QP $ 11.75-a-share , or $ 190 million) *U* ,) offer) (PP for (NP Tesoro Petroleum Corp.))) (SBAR-ADV if (S (NP-SBJ the two companies) (VP do n't (VP have (NP an agreement (S (NP-SBJ *) (VP to (VP merge)))) (PP-TMP by (NP Dec. 15))))))))))) .)) (TOP (S (NP-SBJ (NP Harken) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP made (NP its offer) (PP-TMP in (NP August))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP still) (VP is (VP awaiting (NP (NP a response) (PP to (NP its offer)) (PP from (NP (NP Tesoro 's) board)))))))) .)) (TOP (S (NP-SBJ Harken) (ADVP also) (VP said (SBAR that (S (NP-SBJ-1 (NP its financing) (PP from (NP Bankers Trust Co.))) (VP has (VP been (VP extended (NP *-1) (PP-TMP until (NP Dec. 15)) (S-PRP (NP-SBJ *) (VP to (VP give (NP (NP Tesoro 's) board) (NP (NP time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP consider (NP the offer) (PP-LOC at (NP (NP a Tesoro board meeting) (VP scheduled (NP *) (PP-CLR for (NP mid-November))))) (ADVP-TMP *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ (NP Harken) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (QP about 800) retail gas stations)))) ,) (VP has (VP said (SBAR 0 (S (NP-SBJ it) (VP is (ADJP-PRD particularly interested (PP in (NP (NP Tesoro 's) refinery))) (SBAR-PRP because (S (NP-SBJ it) (VP would (VP fill (NP (NP a gap) (PP-LOC in (NP its business)))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP Tesoro) , (VP based (NP *) (PP-CLR-LOC in (NP Houston))) ,) (ADVP already) (VP has (VP rejected (NP a suitor) (PP-TMP in (NP the past year)))) .)) (TOP (S (NP-SBJ (NP Francis D. John) , (NP 35-year-old president) ,) (VP will (VP assume (NP (NP the additional job) (PP of (NP chief executive officer))))) .)) (TOP (S (NP-SBJ He) (VP succeeds (NP (NP Paul J. Montle) , (NP 42) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP remain (NP-PRD chairman))))))) .)) (TOP (S (NP-SBJ National Environmental) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP move (NP its headquarters) (PP-DIR from (NP Hingham)) (PP-DIR to (NP (NP (NP Folcroft) , (NP Pa.) ,) (NP (NP the site) (PP of (NP its sludge dewatering facility)))))))))) .)) (TOP (S (NP-SBJ (NP National Environmental) , (NP formerly Yankee Cos.) ,) (VP is (NP-PRD a sludge treatment company)) .)) (TOP (S (NP-SBJ (NP Eagle Clothes Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP operating (PP-LOC under (NP (NP Chapter 11) (PP of (NP the federal Bankruptcy Code)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP reached (NP (NP an agreement) (PP with (NP its creditors))))))) .)) (TOP (S (PP-LOC Under (NP the accord)) , (NP-SBJ (NP (NP Albert Roth) , (NP (NP chairman) and (NP chief executive officer))) , and (NP (NP Arthur Chase) , (NP Sam Beigel) , and (NP Louis Polsky))) (VP will (VP resign (PP-CLR as (NP (NP officers and directors) (PP of (NP the menswear retailer)))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Roth) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP has (VP been (PP-PRD on (NP (NP leave) (PP from (NP his posts)))))))) ,) (VP will (VP be (VP succeeded (NP *-1) (PP by (NP-LGS (NP Geoffrie D. Lurie) (PP of (NP (NP GDL Management Inc.) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP is (NP-PRD (NP Eagle 's) crisis manager))))))))))) .)) (TOP (S (NP-SBJ Mr. Lurie) (VP is (ADVP-TMP currently) (NP-PRD co-chief executive)) .)) (TOP (S (NP-SBJ (NP Arnold Levine) , (NP acting co-chief executive) ,) (VP will (VP continue (PP-CLR as (NP (NP senior vice president) and (NP a board member))))) .)) (TOP (S (NP-SBJ Eagle) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP (NP a commitment) (PP for (NP (NP (QP as much as $ 8 million) *U*) (PP in (NP financing)))) (PP from (NP Norfolk Capital Group Inc))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP a Norfolk affiliate) , (NP York Capital Inc.) ,) (VP will (VP (VP purchase (NP (NP (NP all) (PP of (NP (NP the interests) (PP of (NP (NP Eagle 's) secured lenders))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP total (NP (QP $ 11.5 million) *U*)))) ,)) and (VP guarantee (NP (NP (QP as much as $ 8.2 million) *U*) (PP in (NP (NP payments) (PP to (NP (NP Eagle 's) unsecured creditors)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP A committee) (VP representing (NP the unsecured creditors))) (VP agreed (S (NP-SBJ *-1) (VP to (VP accept (NP (NP 24 cents) (PP on (NP the dollar)))))))) , (NP-SBJ Eagle) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The plan) (VP would (VP extend (NP (NP the period) (SBAR (WHPP-2 under (WHNP which)) (S (NP-SBJ Eagle) (VP has (NP (NP the exclusive right) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP file (NP a reorganization plan)))))) (PP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ It) (VP would (VP (VP extinguish (NP (NP all) (PP of (NP (NP Eagle 's) existing capital stock)))) and (VP issue (NP new stock) (PP-CLR to (NP (NP York) (PP as (NP sole holder))))))) .)) (TOP (S (NP-SBJ-2 (NP A bankruptcy court hearing) (PP *ICH*-1)) (VP is (VP set (NP *-2) (PP-TMP for (NP Nov. 3)) (PP-1 on (NP these accords)))) .)) (TOP (S (PP-LOC In (NP (NP its bankruptcy-law petition) , (VP filed (NP *) (PP-LOC in (NP (NP U.S. Bankruptcy Court) (PP-LOC in (NP Manhattan))))))) , (NP-SBJ Eagle) (VP said (SBAR 0 (S (NP-SBJ its problems) (VP began (PP-TMP in (NP (NP (NP 1987) and (NP early 1988)) (SBAR (WHADVP when) (S (NP-SBJ (NP its then-senior lender) , (NP Bankers Trust Co.) ,) (VP reduced (NP its credit line)))))))))) .)) (TOP (S (PP-TMP In (NP September 1988)) , (NP-SBJ Eagle) (VP acquired (NP (NP Biny Clothing Inc.) , (NP (NP a (ADJP closely held) New York chain) (VP operated (NP *) (PP-LOC under (NP the Bonds name)))))) .)) (TOP (S (S (NP-SBJ (NP Eagle 's) management) (VP retired)) and (S (NP-SBJ (NP Biny 's) management) (VP took (NP (NP control) (PP of (NP the company))))) .)) (TOP (S (PP-TMP At (NP the time)) , (NP-SBJ Eagle) (VP reached (NP (NP (NP a new credit agreement) (PP (PP with (NP Bankers Trust)) and (PP with (NP (NP Bank Leumi Trust Co.) (PP of (NP New York))))) (PP for (NP (QP $ 8 million) *U*))) , and (NP (NP a new subordinated debt accord) (PP with (NP (NP First Century Partners) and (NP Biny management))) (PP for (NP (QP $ 2 million) *U*))))) .)) (TOP (S But (NP-SBJ Eagle) (VP said (SBAR 0 (S (S (NP-SBJ the financing) (VP was (ADJP-PRD insufficient))) and (S (NP-SBJ (NP sales) (PP-TMP during (NP the past fiscal year))) (VP sagged))))) .)) (TOP (S (PP-LOC Under (NP Chapter 11)) , (NP-SBJ a company) (VP operates (PP-LOC under (NP (NP protection) (PP from (NP (NP creditors ') lawsuits)))) (SBAR-TMP while (S (NP-SBJ it) (VP works (PRT out) (NP a plan (S (NP-SBJ *) (VP to (VP pay (NP debts))))))))) .)) (TOP (S (NP-SBJ (NP Standard & Poor 's) Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP (VP add (NP (NP John H. Harland Co.) , (NP an Atlanta check printer) ,) (PP to (NP its 500-stock index))) , (ADJP effective (PP-TMP at (NP (NP the close) (PP of (NP trading)) (PP-TMP on (NP Wednesday)))))))))) .)) (TOP (S (NP-SBJ-1 (NP American Medical International Inc.) , (NP a New York hospital operator) ,) (VP will (VP be (VP deleted (NP *-1) (PP-CLR from (NP the index)) (PP-TMP at (NP that time))))) .)) (TOP (S (NP-SBJ-1 American Medical) (VP is (VP being (VP acquired (NP *-1)))) .)) (TOP (S (NP-SBJ (NP The tougher new regulations) (PP-LOC under (NP the savings-and-loan bailout law))) (VP are (VP accelerating (NP (NP the thrift industry 's) shrinking act))) .)) (TOP (S (S-PRP (ADVP Largely) (NP-SBJ *-1) (VP to (VP meet (NP tougher new capital requirements)))) , (NP-SBJ-1 thrifts) (VP reduced (NP their assets) (NP-EXT (QP $ 13.4 billion) *U*) (PP-TMP in (NP August)) , (PP-MNR by (S-NOM (NP-SBJ *-1) (VP selling (NP such assets) (PP-CLR as (NP mortgage-backed securities and loans)))))) .)) (TOP (S (NP-SBJ (NP Industry assets) (PP-TMP as (PP of (NP Aug. 31)))) (VP were (NP-PRD (NP (QP $ 1.31 trillion) *U*) , (NP (NP the lowest) (PP-TMP since (NP August 1988))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ-1 thrifts) (VP (VP sell (NP assets) (S-PRP (NP-SBJ *-1) (VP to (VP improve (NP their capital-to-asset ratio))))) , (SBAR-ADV as (S (NP-SBJ *) (VP required (PP-LOC under (NP (NP the new law) (VP passed (NP *) (PP-TMP in (NP August))))))))))) , (NP-SBJ they) (VP must (ADVP also) (VP reduce (NP (NP liabilities) , (PP such as (NP deposits))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ-1 (NP interest rates) (VP paid (NP depositors) (NP *))) (VP were (VP lowered (NP *-1))))) , (NP-SBJ thrift withdrawals) (VP exceeded (NP deposits) (PP-EXT by (NP (QP $ 5.1 billion) *U*)) , (PP not including (NP (NP interest) (VP credited (NP *) (PP-CLR to (NP accounts)))))) .)) (TOP (S (S-TPC-3 (NP-SBJ It) (VP was (NP-PRD (NP the third consecutive month) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 thrifts) (VP shed (NP assets) (S-PRP (NP-SBJ *-1) (VP to (VP increase (NP (NP the size) (PP of (NP their capital)) (PP in (NP (NP relation) (PP to (NP their assets)))))))) (PP-TMP *T*-2))))))) , (NP-SBJ (NP the Office) (PP of (NP Thrift Supervision))) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-1 The asset shrinkage) (VP was (VP (ADVP particularly) concentrated (NP *-1) (PP-LOC in (NP several large California institutions)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The downsizing) (PP of (NP the thrift industry))) (VP is (PP-PRD (ADVP well) under (NP way)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Bert Ely) , (NP (NP an industry consultant) (PP-LOC in (NP (NP Alexandria) , (NP Va))))) .)) (TOP (S `` (NP-SBJ This) (VP suggests (SBAR 0 (S (NP-SBJ the bailout law) (VP is (VP having (NP (NP a (ADJP more dramatic) effect) (SBAR than (S (NP-SBJ anyone) (VP would (VP have (VP imagined (NP *?*) (ADVP-TMP so soon)))))))))))) . '')) (TOP (S (NP-SBJ (NP James Barth) , (NP (NP an economist) (PP with (NP (NP the Office) (PP of (NP Thrift Supervision))))) ,) (ADVP also) (VP attributed (NP (NP some) (PP of (NP the outflow))) (PP-CLR to (NP seasonal factors))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ August) (VP is (NP-PRD (NP a month) (SBAR (WHADVP-1 when) (S (NP-SBJ people) (VP are (VP paying (NP school tuition) (ADVP-TMP *T*-1)))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S `` (NP-SBJ (NP That) and (NP (NP adjustment) (PP to (NP the new law)))) (VP were (NP-PRD (NP the biggest factors) (PP-LOC in (NP the industry)))) . '')) (TOP (S (PP Not including (NP (NP thrifts) (PP-LOC under (NP government conservatorship)))) , (S (NP-SBJ S&Ls) (VP reduced (NP their assets) (PP-EXT by (NP (QP $ 10.1 billion) *U*)) (PP-TMP from (NP the previous month)))) , and (S (NP-SBJ deposit outflows) (VP totaled (NP (QP $ 3.9 billion) *U*))) .)) (TOP (S (PP For (NP (NP the 264 insolvent thrifts) (PP-LOC under (NP (NP government management) (PP-TMP at (NP (NP the end) (PP of (NP August)))))))) , (S (NP-SBJ assets) (VP declined (PP-EXT by (NP (QP $ 3.3 billion) *U*)))) and (S (NP-SBJ withdrawals) (VP exceeded (NP deposits) (PP-EXT by (NP (QP $ 1.2 billion) *U*)))) .)) (TOP (S (NP-SBJ-3 Thrifts) (VP raised (NP capital) (PP-MNR (ADVP mostly) by (S-NOM (NP-SBJ *-3) (VP selling (NP (NP (NP mortgages) and (NP mortgage-backed securities)) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP were (VP reduced (NP *-1) (PP-EXT by (NP (QP $ 7.8 billion) *U*)) (PP-TMP in (NP August)) (PP-TMP from (NP the prior month))))))))))) .)) (TOP (S (PP-TMP As (PP of (NP Aug. 31))) , (NP-SBJ thrifts) (VP held (NP (NP (QP $ 185 billion) *U*) (PP in (NP mortgage-backed securities)))) .)) (TOP (S (NP-SBJ (NP The deposit numbers) (PP-TMP for (NP August))) (VP marked (NP (NP a swing) (ADVP back (PP to (NP huge outflows)))) (PP-TMP after (NP (NP (NP a July net deposit inflow) (PP of (NP (QP $ 54 million) *U*))) -- (NP (NP the only net inflow) (PP-TMP in (NP (NP more) (PP than (NP a year)))))))) .)) (TOP (S (NP-SBJ-1 Deposits) (VP are n't (VP expected (S (NP-SBJ *-1) (VP to (VP exceed (NP withdrawals) (PP-TMP in (NP the foreseeable future))))) , (SBAR-ADV as (S (NP-SBJ-2 the industry) (VP continues (S (NP-SBJ *-2) (VP to (VP shrink)))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-1 we) (VP are (VP going (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ deposit shrinkage) (VP continue)) , (SBAR-ADV unless (S (NP-SBJ we) (VP see (NP (NP big changes) (PP-LOC in (NP rates))))))))))))))) , '' (NP-SBJ Mr. Ely) (VP said (S *T*-2)) .)) (TOP (S (PP-TMP For (NP (NP the first eight months) (PP of (NP 1989)))) , (NP-SBJ (NP thrifts ') withdrawals) (VP exceeded (NP deposits) (PP-EXT by (NP (QP $ 44.5 billion) *U*))) .)) (TOP (S (PP-TMP For (NP the prior year)) , (NP-SBJ deposits) (VP exceeded (NP withdrawals) (PP-EXT by (NP (QP $ 8.8 billion) *U*))) .)) (TOP (S (NP-SBJ (NP (NP The estimates) (PP of (NP real gross national product))) (VP prepared (NP *) (PP by (NP-LGS (NP (NP the Bureau) (PP of (NP Economic Analysis))) (PP-LOC in (NP (NP the Department) (PP of (NP Commerce)))))))) (VP (ADVP-MNR significantly) understate (NP (NP the rate) (PP of (NP economic growth)))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ (NP (NP the bureau 's) estimates) (PP for (NP the business sector))) (VP provide (NP (NP the numerator) (PP for (NP (NP the productivity ratios) (VP calculated (NP *) (PP by (NP-LGS (NP the Department) (PP of (NP Labor))))))))))) , (NP-SBJ underestimated growth rates) (VP (ADVP-MNR artificially) depress (NP official productivity statistics)) .)) (TOP (S (S (SBAR-ADV If (S (NP-SBJ this thesis) (VP is (ADJP-PRD correct)))) , (NP-SBJ it) (VP has (NP (NP important implications) (PP for (NP macroeconomic policies))))) : (S (NP-SBJ It) (VP may (VP lower (NP (NP the sense) (PP of (NP urgency)) (PP-LOC behind (NP (NP (NP efforts) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP enact (NP tax incentives)))))) and (NP (NP other measures) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP increase (NP (NP (NP the rate) (PP of (NP (NP growth) (PP in (NP productivity))))) and (NP real GNP))))))))))))) .)) (TOP (S (NP-SBJ It) (VP would (ADVP also) (VP affect (NP (NP the perceptions) (PP of (NP (NP (NP the board) (PP of (NP governors)) (PP of (NP the Federal Reserve System))) , and (NP the informed public generally) ,)) (PP as (PP to (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP constitutes (NP (NP a reasonable degree) (PP of (NP price stability))))))))))) .)) (TOP (S (PP-TMP In (NP the early 1980s)) , (NP-SBJ I) (VP predicted (NP (NP a significant acceleration) (PP in (NP productivity growth)) (PP-TMP over (NP (NP the rest) (PP of (NP the decade)))))) .)) (TOP (S (NP-SBJ-1 This forecast) (VP was (VP based (NP *-1) (PP-CLR on (NP (NP the apparent reversal) (PP of (NP (NP most) (PP of (NP (NP (NP the negative forces) -- (PP such as (NP (NP demographic changes) , (NP the oil shock) and (NP accelerating inflation))) -- (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP had (VP reduced (NP productivity gains) (PP-TMP in (NP the 1970s))))))))))))))) .)) (TOP (S (NP-SBJ There) (VP has (ADVP indeed) (VP been (NP-PRD (NP more) (PP than (NP (NP a (ADJP one percentage point) improvement) (PP-LOC in (NP productivity growth))))) (PP-TMP since (NP 1981)))) .)) (TOP (S But (NP-SBJ I) (VP (VP had (VP expected (NP more))) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP one reason) (SBAR 0 (S (NP-SBJ-2 I) (VP began (S (NP-SBJ *-2) (VP looking (PP-CLR at (NP (NP evidence) (VP suggesting (NP (NP defects) (PP-LOC in (NP the official output estimates)))))))))))))))) .)) (TOP (S (S (NP-SBJ The evidence) (VP does not (VP (ADVP-MNR clearly) support (NP the view (SBAR that (S (NP-SBJ (NP the downward bias) (PP-LOC in (NP output growth))) (VP has (VP become (ADJP-PRD greater) (PP-TMP during (NP the 1948-89 period)))))))))) , but (S (NP-SBJ (NP all) (SBAR (WHNP-91 0) (S (NP-SBJ I) (VP am (VP claiming (NP *T*-91)))))) (VP is (SBAR-PRD that (S (NP-SBJ-90 the growth trend) (VP is (VP understated (NP *-90))))))) .)) (TOP (S -LRB- (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is , (ADVP however) , (ADJP-PRD possible) , (SBAR-1 that (S (NP-SBJ further study) (VP will (VP reveal (NP increasing bias)))))) . -RRB-)) (TOP (S (NP-SBJ This bias) (VP is (PP in (NP no way)) (ADJP-PRD deliberate)) .)) (TOP (S (NP-SBJ (NP The understatement) (PP of (NP growth))) (VP is (ADJP-PRD due (ADVP largely) (PP to (NP (NP the conservative expedients) (VP adopted (NP *) (S-PRP (NP-SBJ *) (VP to (VP deal (PP-CLR with (NP (NP deficiencies) (PP-LOC in (NP basic economic data)))))))))))) .)) (TOP (S (NP-SBJ (NP The first) (PP of (NP (NP three major sources) (PP of (NP error))))) (VP is (NP-PRD (NP the use) (PP of (NP (NP labor input estimates) (PRN -LRB- (NP mainly employment or hours) -RRB-))) (PP instead of (NP (NP output estimates) (PP for (NP (NP (NP those sectors) , (PP such as (NP (NP governments) , (NP paid household services) and (NP private non-profit institutions))) ,) (SBAR (WHADVP-1 where) (S (NP-SBJ there) (VP are (NP-PRD (NP difficulties) (PP in (S-NOM (NP-SBJ *) (VP assembling (NP output data))))) (ADVP-LOC *T*-1)))))))))) .)) (TOP (S (NP-SBJ This) (VP means (SBAR that (S (NP-SBJ-1 no allowance) (VP is (VP made (NP *-1) (PP-CLR for (NP (NP possible increases) (PP in (NP output)) (PP per (NP (NP unit) (PP of (NP labor))))))))))) .)) (TOP (S (PP-LOC In (NP (NP an unrelated program) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ the Labor Department) (VP does (VP estimate (NP (NP output) (PP per (NP employee))) (PP for (NP (NP (QP more than two-thirds)) (PP of (NP federal civilian employees)))) (PP-LOC *T*-1))))))) , (NP-SBJ it) (VP found (NP (NP an average annual rate) (PP of (NP (NP productivity improvement) (PP of (NP 1.7 %)))) (PP-TMP during (NP the 1980s)))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ-1 it) (VP is (VP assumed (NP *-1) (SBAR that (S (NP-SBJ productivity) (VP rose (ADVP-MNR (ADVP no more) (PP than (ADVP half as quickly))) (PP-TMP in (NP (NP the rest) (PP of (NP the nonbusiness sector))))))))))) , (NP-SBJ this Labor Department estimate) (VP indicates (NP (NP a downward bias) (PP-LOC in (NP (NP the real GNP estimates) (PP of (NP (NP 0.2 percentage point) (NP-ADV a year) , (PP on (NP average)))))))) .)) (TOP (S (NP-SBJ The federal productivity estimators) (VP use (NP labor input (PRN , (PP rather than (NP output)) ,) data) (PP-CLR for (NP (NP their calculations) (PP of (NP (NP half) (PP of (NP private (UCP financial and service) industries)))))) (ADVP as well)) .)) (TOP (S (NP-SBJ (NP (NP Independent estimates) (PP of (NP (NP output) (PP-LOC in (NP those industries))))) , (PP including (NP (NP one) (PP by (NP (NP the Department) (PP of (NP Labor)))) (PP for (NP banking)))) ,) (VP suggests (SBAR that (S (NP-SBJ-1 (NP productivity) (PP-LOC in (NP finance and services))) (VP appears (S (NP-SBJ *-1) (VP to (VP have (VP risen (PP-EXT by (NP (NP an average) (PP of (NP (NP (ADVP at least) 1.5 %) (NP-ADV a year))))) (PP-TMP between (NP 1948 and 1988)))))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ finance and services) (VP contribute (NP 10 %) (PP-CLR to (NP final business product))))) , (S-NOM-SBJ (NP-SBJ *) (VP missing (NP these productivity improvements))) (VP depresses (NP the overall growth rate) (PP-EXT by (NP (NP 0.15 %) (NP-ADV a year)))) .)) (TOP (S (NP-SBJ (NP The second source) (PP of (NP (NP error) (PP-LOC in (NP growth statistics))))) (VP is (NP-PRD (NP the use) (PP of (NP inappropriate deflators)) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP adjust (PP for (NP price changes)))))))) .)) (TOP (S (NP-SBJ I) (VP estimate (SBAR that (S (NP-SBJ (NP these mismeasurements) (SBAR as (S (NP-SBJ-1 *) (VP detailed (NP *-1) (PP by (NP-LGS (NP Martin N. Baily) and (NP Robert J. Gordon))))))) (VP add (NP a (QP further 0.12) percentage point) (PP to (NP (NP the downward bias) (PP-LOC in (NP (NP the growth rate) (PP of (NP real business product)))))))))) .)) (TOP (S (ADVP Finally) , (NP-SBJ the official estimates) (VP understate (NP growth) (SBAR-PRP because (S (NP-SBJ they) (VP make (NP inadequate allowance) (PP-CLR for (NP (NP improvements) (PP in (NP (NP quality) (PP of (NP goods and services)))))))))) .)) (TOP (S (S (PP-TMP In (NP 1985)) , (NP-SBJ-1 (NP a new price index) (PP for (NP computers)) (VP adjusted (NP *) (PP-CLR for (NP (NP changes) (PP-LOC in (NP performance characteristics)))))) (VP was (VP introduced (NP *-1)))) , and (S (NP-SBJ that) (VP resulted (PP-CLR in (NP (NP a (ADJP significantly larger) increase) (PP in (NP (NP real outlays) (PP for (NP durable goods)))) (SBAR than (S (NP-SBJ the earlier estimates) (VP had (VP showed (NP *?*))))))))) .)) (TOP (S (PP-TMP Since (NP then)) , (NP-SBJ further research) (VP argues (SBAR that (S (NP-SBJ failure (S (NP-SBJ *) (VP to (VP take (NP-CLR account) (PP-CLR of (NP quality improvements)))))) (VP has (VP contributed (NP (NP a total) (PP of (NP (QP (ADVP at least) 0.26) percentage point))) (PP-CLR to (NP (NP the downward bias) (PP-LOC in (NP the growth rate))))))))) .)) (TOP (S (PP In (NP sum)) , (NP-SBJ (NP the biases) (VP ennumerated (NP *) (ADVP-LOC above))) (VP indicate (NP (NP a (ADJP 0.7 percentage point) understatement) (PP in (NP (NP growth) (PP of (NP total real GNP)))))) .)) (TOP (S (PP For (NP the private domestic business economy)) , (NP-SBJ the bias) (VP was (NP-PRD (QP a bit over 0.5) percentage point)) .)) (TOP (S (PP In (NP other words)) , (NP-SBJ-1 (NP the growth rates) (PP of (NP both (NP total GNP) and (NP (NP real private business product) (PP per (NP labor hour)))))) (VP have (VP been (VP underestimated (NP *-1) (PP-EXT by (NP (QP about 20) %))))) .)) (TOP (S (NP-SBJ Mr. Kendrick) (VP is (NP-PRD (NP professor emeritus) (PP of (NP economics)) (PP-LOC at (NP George Washington University)))) .)) (TOP (S (NP-SBJ He) (VP is (NP-PRD (NP co-author) (PP of (NP `` (NP-TTL (NP Personal Productivity) : (SBAR (WHADVP-1 How) (S (NP-SBJ *) (VP to (VP Increase (NP (NP Your Satisfaction) (PP in (NP Living))) (ADVP-MNR *T*-1)))))) '' (PRN -LRB- (NP M.E. Sharp) , (NP 1988) -RRB-))))) .)) (TOP (S (NP-SBJ Union Carbide Corp.) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP plunged (NP-EXT 35 %) (PP-TMP from (NP a year earlier)) (PP on (NP (NP weakness) (PP-LOC in (NP (NP the company 's) mainstay chemicals and plastics business)))))))) .)) (TOP (S (NP-SBJ Net) (VP was (NP-PRD (NP (QP $ 139 million) *U*) , or (NP (NP 98 cents) (NP-ADV a share)) ,) (PP-TMP for (NP the quarter)) , (PP compared (PP with (NP (NP (QP $ 213 million) *U*) , or (NP (NP $ 1.56 *U*) (NP-ADV a share) ,) (ADVP-TMP (NP a year) ago))))) .)) (TOP (S (NP-SBJ Sales) (VP were (NP-PRD (QP $ 2.14 billion) *U*) , (ADVP up (NP 1.6 %) (PP from (NP (QP $ 2.11 billion) *U*) (NP-TMP the previous year)))) .)) (TOP (S (NP-SBJ-1 Carbide) , (PP like (NP (NP other companies) (PP with (NP (NP a heavy reliance) (PP on (NP (NP the so-called commodity end) (PP of (NP the chemicals industry)))))))) , (VP was (VP expected (S (NP-SBJ *-1) (VP to (VP post (NP (NP earnings) (ADJP (ADJP sharply lower) (PP than (PP-TMP in (NP an (ADJP exceptionally strong) 1988 third quarter)))))))))) .)) (TOP (S But (NP-SBJ (NP the company 's) latest quarter) (VP was (ADJP-PRD (ADJP (NP-ADV (NP a few pennies) (NP-SBJ a share)) lower) (PP than (NP (NP the (ADJP more pessimistic) projections) (PP-LOC on (NP Wall Street)))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ It) (ADVP certainly) (VP was n't (NP-PRD a disaster))) , but (S (NP-SBJ it) (VP does (VP show (NP (NP weakness) '' (PP-LOC in (NP (NP some) (PP of (NP (NP the company 's) chief markets))))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP George Krug) , (NP (NP a chemicals-industry analyst) (PP-LOC at (NP Oppenheimer & Co)))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Carbide) (VP closed (PP-CLR at (NP (NP $ 24.50 *U*) (NP-ADV a share))) , (ADVP down (NP 50 cents))) .)) (TOP (S (S (NP-SBJ-1 (NP Prices) (PP for (NP (NP polyethylene) , (NP (NP a common plastic) and (NP an important Carbide product)) ,))) (VP started (S (NP-SBJ *-1) (VP to (VP fall (ADVP-TMP early (NP this year))))))) ; (S (NP-SBJ the slide) (VP accelerated (PP-TMP in (NP the third quarter)) (SBAR-ADV as (S (NP-SBJ-2 buyers) (VP continued (S (NP-SBJ *-2) (VP to (VP trim (NP inventories))))))))) .)) (TOP (S (NP-SBJ (NP Prices) (PP *ICH*-1)) (ADVP also) (VP fell (PP-1 for (NP (NP (NP ethylene oxide) and (NP glycols)) , (NP (NP products) (VP used (NP *) (PP-CLR in (S-NOM (NP-SBJ *) (VP making (NP antifreeze))))))))) .)) (TOP (S (NP-SBJ-1 (NP Some producers) (PP of (NP polyethylene))) , (S-ADV (NP-SBJ *-1) (VP figuring (SBAR 0 (S (NP-SBJ the inventory reductions) (VP are (PP-LOC-PRD near (NP an end))))))) , (VP have (VP announced (NP price boosts))) .)) (TOP (S (NP-SBJ (NP The first real test) (PP of (SBAR whether (S (NP-SBJ prices) (VP have (VP hit (NP bottom))))))) (VP may (VP come (PP-TMP in (NP (NP the next several weeks) , (SBAR (WHADVP-1 when) (S (NP-SBJ the new prices) (VP become (ADJP-PRD effective) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ A Carbide spokesman) (VP said `` (SBAR 0 (S (NP-SBJ the conditions) (VP are (ADJP-PRD right) (SBAR-ADV for (S (NP-SBJ the increase) (VP to (VP hold)))))))) . '')) (TOP (S (PP-TMP For (NP the third quarter)) , (NP-SBJ (NP operating profit) (PP from (NP (NP Carbide 's) chemicals and plastics business))) (VP fell (PP-DIR to (NP (QP $ 238 million) *U*)) (PP-DIR from (NP (QP $ 352 million) *U*) (ADVP-TMP (NP a year) ago)) , (PP-TMP before (S-NOM (NP-SBJ *) (VP accounting (PP-CLR for (NP (NP taxes) and (NP interest expense))))))) .)) (TOP (S (NP-SBJ (NP Operating profit) (PP from (NP (NP carbon products) , (PP such as (NP graphite electrodes)) ,))) (VP (ADVP also) declined , (PP-DIR to (NP (QP $ 6 million) *U*)) (PP-DIR from (NP (QP $ 20 million) *U*))) .)) (TOP (S (PP-LOC In (NP the industrial-gases segment)) , (NP-SBJ operating profit) (VP climbed (PP-DIR to (NP (QP $ 87 million) *U*)) (PP-DIR from (NP (QP $ 58 million) *U*))) .)) (TOP (S (NP-SBJ The latest quarter) (VP included (NP (NP a gain) (PP of (NP (QP about $ 62 million) *U*)) (PP on (NP (NP the sale) (PP of (NP (NP the company 's) urethane polyols and propylene glycols businesses)))))) .)) (TOP (S (S (NP-SBJ-1 Propylene glycols) (VP are (VP used (NP *-1) (PP-CLR in (S-NOM (NP-SBJ *) (VP making (NP (NP personal-care products) (PP such as (NP shampoo))))))))) , and (S (NP-SBJ-2 urethane polyols) (VP are (VP used (NP *-2) (PP-CLR in (S-NOM (NP-SBJ *) (VP making (NP (NP the polyurethane foam) (VP found (NP *) (PP-LOC in (NP (NP furniture cushioning) and (NP other products))))))))))) .)) (TOP (S (NP-SBJ-1 That gain) (VP was (VP (ADVP mostly) offset (NP *-1) (PP by (NP-LGS (NP a loss) (PP of (NP (QP about $ 55 million) *U*)) (PP from (NP (NP a write-down) (PP-LOC in (NP its polysilicon business)))))))) .)) (TOP (S (NP-SBJ-1 Polysilicon) (VP is (VP used (NP *-1) (PP-CLR in (S-NOM (NP-SBJ *) (VP making (NP integrated circuits)))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ net) (VP totaled (NP (NP (QP $ 526 million) *U*) , or (NP (NP $ 3.74 *U*) (NP-ADV a share)) ,) (ADVP up (NP 5 %) (PP from (NP (NP (QP $ 501 million) *U*) , or (NP (NP $ 3.71 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) ago)))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 7.7 %) (PP-DIR to (NP (QP $ 6.66 billion) *U*)) (PP-DIR from (NP (QP $ 6.19 billion) *U*))) .)) (TOP (S (S (NP-SBJ (QP At least 10) states) (VP are (VP resisting (NP (NP (NP Drexel Burnham Lambert Inc. 's) nationwide effort) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP settle (NP its legal troubles))))))))) , and (S (NP-SBJ-2 some) (VP might (ADVP instead) (VP try (S (NP-SBJ *-2) (VP to (VP revoke (NP (NP (NP the firm 's) license) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP sell (NP securities) (PP-LOC within (NP their borders)) (ADVP-MNR *T*-3)))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The reluctance) (PP of (NP some states)) (SBAR (WHADVP 0) (S (NP-SBJ *) (VP to (VP let (S (NP-SBJ Drexel) (PP-PRD off (NP the hook)))))))) (VP could (VP hamper (NP (NP the firm 's) attempts (S (NP-SBJ *) (VP to (VP polish (NP its image) (PP-TMP after (NP (NP its guilty plea) (PP to (NP six felonies)) (NP-TMP last month)))))))))) , (VP say (SBAR 0 (S *T*-1))) (NP-SBJ (NP several people) (ADJP familiar (PP with (NP the discussions)))) .)) (TOP (S (PP-TMP Up (PP to (NP now))) , (NP-SBJ Drexel) (VP has (VP made (NP (NP a rapid-fire series) (PP of (NP (NP settlements) (PP with (NP (NP 25 states) and (NP (NP the commonwealth) (PP of (NP Puerto Rico)))))))))) .)) (TOP (S (NP-TMP Just yesterday) , (NP-SBJ New Hampshire) (VP announced (SBAR 0 (S (NP-SBJ it) (VP made (NP (NP (NP a (ADJP $ 75,000 *U*) settlement) (PP with (NP Drexel))) ,) (NP (NP a record-tying fine) (PP for (NP (NP a securities-law matter) (PP-LOC in (NP that state))))))))) .)) (TOP (S (NP-SBJ These states) (VP have (VP been (VP entering (PP-CLR into (NP (NP settlements) (PP with (NP Drexel)))) (PP-PRP as (NP (NP part) (PP of (NP (NP (NP the firm 's) efforts) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP operate (ADVP-MNR freely) (NP-LOC (NP anywhere) (PP in (NP the U.S.))) (PP despite (NP (NP its record) (PP as (NP an admitted felon))))))))))))))) .)) (TOP (S But (NP-SBJ (NP individuals) (ADJP familiar (PP with (NP the (ADJP generally successful) Drexel talks)))) (VP say (SBAR 0 (S (NP-SBJ the firm) (VP is (VP meeting (NP (NP resistance) (PP from (NP (NP some big states) , (PP including (NP (NP New Jersey) , (NP New York) , (NP California) , (NP Pennsylvania) , (NP Connecticut) and (NP Missouri))))))))))) .)) (TOP (S (NP-SBJ (NP Officials) (PP-LOC in (NP (NP some) (PP of (NP these states))))) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP (ADVP simply) accept (NP (NP the settlements) (VP offered (NP *) (PP by (NP-LGS Drexel)))))))))))) .)) (TOP (S (NP-SBJ They) (VP question (SBAR if (S (NP-SBJ Drexel) (VP is (VP getting (NP (NP easier treatment) (PP than (NP (NP the many small penny-stock firms) (SBAR (WHNP-1 whose brokerage licenses) (S (NP-SBJ *T*-1) (VP are (ADVP routinely) (VP revoked)))))))))))) .)) (TOP (S (NP-SBJ-2 Drexel) (VP has (S (NP-SBJ *-2) (VP to (VP settle (PP-CLR with (NP state securities regulators)) (PP-LOC in (NP (NP the wake) (PP of (NP (NP its criminal guilty plea) and (NP (NP a related civil settlement) (PP with (NP the Securities and Exchange Commission)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (NP (NP payment) (PP of (NP (NP (QP $ 650 million) *U*) (PP in (NP penalties))))))))))))))))) .)) (TOP (S (NP-SBJ These) (VP stem (PP-CLR from (NP (NP a two-year federal investigation) (PP of (NP (NP (NP insider trading) (PP *RNR*-1)) and (NP (NP securities fraud) (PP *RNR*-1)) (PP-1 on (NP Wall Street))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 (NP Ohio) , (NP (NP the District) (PP of (NP Columbia))) , (NP Tennessee) and (NP Illinois)) (VP (VP have (VP been (ADJP-PRD (ADJP less resistant (PP to (NP Drexel))) (PP than (NP the other six states))))) , but (VP (ADVP nonetheless) have (VP refused (S (NP-SBJ *-1) (VP to (VP settle (ADVP-TMP so far)))))))) , (VP say (SBAR 0 (S *T*-2))) (NP-SBJ (NP those) (ADJP familiar (PP with (NP the discussions)))) .)) (TOP (S (S (NP-SBJ Drexel) (VP says (SBAR 0 (S (NP-SBJ it) (VP does n't (VP expect (SBAR 0 (S (NP-SBJ-1 (NP any) (PP of (NP its state brokerage licenses))) (VP will (VP be (VP revoked (NP *-1)))))))))))) , and (S (SBAR-ADV even if (S (NP-SBJ some) (VP are (ADJP-PRD *?*)))) , (NP-SBJ-2 its securities business) (VP would n't (VP be (VP (ADVP directly) hurt (NP *-2))))) .)) (TOP (S (S (NP-SBJ It) (ADVP already) (VP has (VP sold (NP its (ADJP retail , or individual-investor ,) brokerage network)))) ; (S (NP-SBJ securities firms) (VP do n't (VP need (NP (NP brokerage licenses) (PP for (NP (NP non-retail activities) (PP such as (NP investment banking)))))))) .)) (TOP (S (ADVP Still) , (SBAR-ADV if (FRAG (NP nothing else))) , (NP-SBJ a revoked brokerage license) (VP could (VP be (NP-PRD a burden) (SBAR-PRP because (S (NP-SBJ-1 it) (VP must (VP be (VP disclosed (NP *-1) (PP-LOC in (NP (NP many) (PP of (NP (NP the transactions) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-3 Drexel) (VP could (VP be (VP involved (NP *-3) (PP-CLR *T*-2))))))))))))))))) .)) (TOP (S (NP-SBJ Securities regulators) (VP praise (NP Drexel) (PP-CLR for (NP (NP its energetic effort) , (VP led (NP *) (PP by (NP-LGS government-approved general counsel Saul S. Cohen))) , (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP settle (NP its legal problems) (PP-CLR with (NP the states))))))))) .)) (TOP (S But (NP-SBJ they) (VP disagree (PP-CLR about (NP (NP the message) (SBAR (WHNP-1 0) (S (NP-SBJ these settlements) (VP give (NP *T*-1) (PP-DTV to (NP the public)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP was (NP-PRD (NP a lot) (PP of (NP (NP internal debate) (PP about (NP that specific issue)))))) , '') (VP said (S *T*-1)) (NP-SBJ (NP Susan Bryant) , (NP (NP (NP Oklahoma 's) chief securities regulator) and (NP (NP president) (PP of (NP (NP the North American Securities Administrators Association) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP drafted (NP a voluntary settlement plan) (PP-BNF for (NP the states)) (PP with (NP Drexel)))))))))) .)) (TOP (S-2 (NP-SBJ The question) (PRN , (S (NP-SBJ she) (VP said (SBAR 0 (S *T*-2)))) ,) (VP is (SBAR-PRD (SBAR whether (S (NP-SBJ-3 Drexel) (VP should (VP be (VP allowed (S (NP-SBJ *-3) (VP to (VP (VP pay) and (VP move (PRT on)))))))))) , or `` (SBAR whether (S (NP-SBJ you) (VP should (VP (PRN -LRB- (ADVP simply) -RRB-) revoke (NP the license) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-1 someone) (VP is (VP convicted (NP *-1) (PP-CLR of (NP a felony)) (ADVP-TMP *T*-4))))))))))) . '')) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP Ms. Bryant 's) state) (VP (VP went (ADVP-CLR ahead)) and (VP accepted (NP (NP (NP Drexel 's) settlement offer) (PP of (NP $ 25,000 *U*))))))) , (NP-SBJ she) (VP said : `` (S (NP-SBJ I) (VP do n't (VP have (NP (NP any argument) (PP with (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP came (PP-CLR to (NP different conclusions)))))))))))) .)) (TOP (S (NP-SBJ I) (VP can (VP see (NP both sides))) . '')) (TOP (S (ADVP Similarly) , (NP-SBJ (NP Alfred Rubega) , (NP (NP (NP New Hampshire 's) director) (PP of (NP securities regulation))) ,) (VP said (SBAR 0 (S (S (NP-SBJ his state) (VP had n't (VP received (NP (NP any complaints) (PP about (NP Drexel)))))) , so (S (NP-SBJ it) (ADVP really) (VP could n't (VP press (NP the issue))))))) .)) (TOP (S (S-TPC-2 (ADVP Still) , `` (NP-SBJ I) (VP understand (NP (NP the reasons '') (SBAR (WHADVP-1 that) (S (NP-SBJ other states) (VP are (VP holding (PRT out) (ADVP-PRP *T*-1)))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Mr. Cohen) , (NP the Drexel general counsel) ,) (VP said , `` (S (NP-SBJ I) (VP do n't (VP think (PRN , (SBAR-ADV as (S (NP-SBJ we) (VP say (PP-LOC in (NP investment banking))))) ,) (SBAR that (S ` (PP-TMP by (NP (NP the end) (PP of (NP the day)))) ' (NP-SBJ we) (VP 'll (VP be (VP losing (NP any licenses)))))))))) . '')) (TOP (S (S-ADV (NP-SBJ-4 *-5) (VP Asked (NP *-4) (PP-CLR about (NP (NP states) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (VP taking (NP a hard line))))))))) , (NP-SBJ-5 he) (VP said , `` (S (NP-SBJ There) (VP are (NP-PRD (NP states) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP have (VP asked (PP-CLR for (NP (NP additional information) , (SBAR (WHNP-3 which) (S (NP-SBJ we) (VP are (VP providing (NP *T*-3) (PP-CLR to (NP them)))))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Cohen) (VP said (SBAR (SBAR 0 (S (NP-SBJ-1 (QP more than $ 2.8 million) *U*) (VP has (VP been (VP paid (NP *-1) (PP-DTV to (NP 26 states))))))) and (SBAR that (S (NP-SBJ-2 Drexel) (ADVP still) (VP expects (S (NP-SBJ *-2) (VP to (VP pay (PRT out) (NP (NP a total) (PP of (NP (QP $ 11.5 million) *U*))))))))))) .)) (TOP (S (S-TPC-1 (PP-TMP By (NP (NP the end) (PP of (NP this week)))) , (NP-SBJ Drexel) (VP should (VP have (NP (QP another three to four) settlements)))) , (NP-SBJ Mr. Cohen) (VP said (S *T*-1)) .)) (TOP (S `` (S-TPC-3 (NP (NP The rate) (SBAR (WHADVP-1 0) (S (NP-SBJ we) (VP 're (VP going (ADVP-MNR *T*-1)))))) , (NP-SBJ I) (VP think (SBAR that (S (PP-TMP by (NP (NP the end) (PP of (NP the month)))) , (NP-SBJ-2 we) (VP 're (VP looking (S (NP-SBJ *-2) (VP to (VP have (NP (NP a total) (PP of (NP (QP 30 to 35))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S (NP-SBJ That total) (VP would (VP be (ADJP-PRD important (PP for (NP Drexel))))) .)) (TOP (S (NP-SBJ The investment bank) (VP has (ADVP-TMP previously) (VP announced (SBAR that (S (PP as (NP (NP part) (PP of (NP its punishment)))) (NP-SBJ it) (VP would (VP create (NP (NP an independent foundation) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP promote (NP (NP ethical behavior) (PP-LOC in (NP the securities industry)))))))))))))) .)) (TOP (S (NP-SBJ (NP A proviso) (PP to (NP that promise))) (VP is (SBAR-PRD that (S (NP-SBJ (NP a minimum) (PP of (NP 35 states))) (VP reach (NP settlement agreements) (PP-TMP before (NP next Tuesday)))))) .)) (TOP (S (NP-SBJ There) (VP are , (PP according (PP to (NP several securities commissioners))) , (NP-PRD (NP (QP at least 16) states) (SBAR (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADVP either) (ADJP-PRD close (PP to (NP (NP settlements) (PP with (NP Drexel)))))))) or (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP do n't (VP appear (ADJP-PRD opposed (PP to (NP settling)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Drexel 's) proposed state fines) (VP have (VP been (VP based (NP *-1) (PP-CLR (PP on (NP (NP a state 's) population)) and (PP on (NP (NP the size) (PP of (NP (NP (NP Drexel 's) business) (PP-LOC in (NP the state)))))))))) .)) (TOP (S (NP-SBJ-1 New Jersey) , (PP for (NP example)) , (VP (VP was (VP asked (S (NP-SBJ *-1) (VP to (VP accept (NP $ 300,000 *U*)))))) , but (VP refused)) .)) (TOP (S (NP-SBJ-1 The state) (VP is n't (VP ruling (PRT out) (S (NP-SBJ *-1) (VP revoking (NP (NP Drexel 's) brokerage license))))) .)) (TOP (S (NP-SBJ The state) (VP can (ADVP also) (VP bar (NP Drexel) (PP-CLR as (NP an investment adviser)))) .)) (TOP (S (S (NP-SBJ State officials) (VP wo n't (VP describe (NP their position) (PP-MNR in (NP detail))))) , but (S (NP-SBJ (NP James McLelland Smith) , (NP state securities chief) ,) (VP said : `` (S (NP-SBJ We) (VP (VP (ADVP really) are (ADVP-TMP still) (VP looking (PP-CLR at (NP it)))) and (VP have (VP informed -LRB- (NP Drexel) -RRB- (SBAR that (S (NP-SBJ the proposal) (VP is (ADVP really) not (ADJP-PRD sufficient (PP for (NP settlement)))))))))))) . '')) (TOP (S (NP-SBJ Connecticut) (ADVP already) (VP has (VP issued (NP (NP a `` notice) (PP of (NP intent '' (S (NP-SBJ *) (VP to (VP revoke (NP (NP Drexel 's) brokerage license))))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP one) (PP of (NP (NP the states) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP (VP met (PP-CLR with (NP Mr. Cohen))) and (VP asked (PP-CLR for (NP (NP additional information) (PP about (NP (NP (NP investors ') accounts) and (NP other matters)))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This particular issue) (VP goes (PP-CLR to (NP (NP the very integrity) (PP of (NP the capital-formation market)))))) , '' (NP-SBJ state Banking Commissioner (NP Howard Brown)) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ A banking department spokesman) (VP added : `` (S (NP-SBJ Commissioner Brown) (VP does n't (VP feel (SBAR 0 (S (NP-SBJ that money alone) (VP is (NP-PRD the issue) (ADVP-LOC here)))))))) . '')) (TOP (SINV (ADJP-PRD-TPC-3 Particularly touchy) (VP are (ADJP-PRD *T*-3)) (NP-SBJ (NP the cases) (PP of (NP (NP (NP New York) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP Drexel 's) base)))) ,) and (NP (NP California) , (NP (NP the base) (PP of (NP (NP (NP Drexel 's) (ADJP highly profitable) junk-bond operation) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP led (PP-CLR to (NP (NP the firm 's) legal difficulties)))))))))))) .)) (TOP (S (S (NP-SBJ Neither state) (VP has (VP settled))) , and (S (NP-SBJ (NP officials) (PP-LOC in (NP the two states))) (VP wo n't (VP discuss (NP (NP their reasons) (PP for (S-NOM (NP-SBJ *) not (VP doing (ADVP so)))))))) .)) (TOP (S But (NP-SBJ Drexel) (VP has (VP made (S (NP-SBJ (NP it) (SBAR *EXP*-3)) (ADJP-PRD clear) (SBAR-3 0 (S (NP-SBJ it) (VP could (VP mount (NP a significant legal battle) (PP-LOC in (NP each state)) (SBAR-ADV if (S (NP-SBJ-4 its license) (VP is (VP revoked (NP *-4)))))))))) , (PP according (PP to (NP state officials))))) .)) (TOP (S (NP-SBJ (NP Ms. Bryant) , (NP (NP the head) (PP of (NP the state securities group))) ,) (VP said (SBAR 0 (S (NP-SBJ Drexel) (VP has (VP done (NP (NP a better job) (PP of (S-NOM (NP-SBJ *) (VP settling (PP-CLR with (NP the states))))) (SBAR than (S (NP-SBJ E.F. Hutton) (VP did (NP *?*) (PP-TMP after (NP (NP its guilty plea) (PP to (NP (NP a massive check-kiting scheme) (ADVP-TMP (NP several years) ago)))))))))))))) .)) (TOP (S-1 (ADVP Still) (PRN , (S (NP-SBJ she) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP (NP Drexel 's) trouble) (PP with (NP some states))) (VP is n't (NP-PRD a bad thing)) .)) (TOP (S `` (S-TPC-3 (NP-SBJ This process) (VP should (VP point (PRT out) (SBAR that (S (NP-SBJ-1 (NP it) (SBAR *EXP*-2)) (VP 's not (VP going (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD easy) (SBAR-2 for (S (NP-SBJ (NP a firm) (SBAR (WHNP-5 that) (S (NP-SBJ *T*-5) (VP 's (VP convicted (PP-CLR of (NP a felony))))))) (VP to (ADVP-TMP immediately) (VP jump (ADVP-CLR back) (PP-CLR into (NP the retail business)))))))))))))))) , '' (NP-SBJ Ms. Bryant) (VP said (S *T*-3)) .)) (TOP (S `` (NP-SBJ-1 We) (VP need (S (NP-SBJ *-1) (VP to (VP have (S (NP-SBJ-2 somebody) (VP worried (NP *-2) (SBAR-PRP so (S (NP-SBJ they) (VP do n't (VP do (NP this) (ADVP-TMP again))))))))))) . '')) (TOP (S (NP-SBJ These) (VP are (NP-PRD (NP (NP the 26 states) , (PP including (NP (NP the commonwealth) (PP of (NP Puerto Rico)))) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP settled (PP-CLR with (NP Drexel))))))) : (NP (NP Alaska) , (NP Arkansas) , (NP Delaware) , (NP Georgia) , (NP Hawaii) , (NP Idaho) , (NP Indiana) , (NP Iowa) , (NP Kansas) , (NP Kentucky) , (NP Maine) , (NP Maryland) , (NP Minnesota) , (NP Mississippi) , (NP New Hampshire) , (NP New Mexico) , (NP North Dakota) , (NP Oklahoma) , (NP Oregon) , (NP South Carolina) , (NP South Dakota) , (NP Utah) , (NP Vermont) , (NP Washington) , (NP Wyoming) and (NP Puerto Rico)))) .)) (TOP (S (NP-SBJ Time Warner Inc.) (VP reported (NP (NP a third-quarter net loss) (PP of (NP (NP (QP $ 176 million) *U*) , or (NP (NP $ 2.88 *U* cents) (NP-ADV a share)))) , (VP reflecting (NP (NP (NP acquisition costs) (PP for (NP (NP a (ADJP 59.3 %) stake) (PP-LOC in (NP Warner Communications Inc.))))) and (NP (NP the purchase method) (PP of (S-NOM (NP-SBJ *) (VP accounting (PP-CLR for (NP the transaction)))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ Warner) (VP reported (NP (NP a net loss) (PP of (NP (NP (QP $ 106 million) *U*) , or (NP (NP 56 cents) (NP-ADV a share)))) , (PP including (NP (NP (NP merger expenses) (PP of (NP (QP $ 100 million) *U*))) and (NP (NP (QP $ 120 million) *U*) (PP in (NP (NP charges) (VP associated (NP *) (PP-CLR with (NP stock-appreciation-based compensation plans)))))))))) .)) (TOP (S (NP-SBJ Time Warner) (VP is (PP-PRD in (NP (NP the process) (PP of (S-NOM (NP-SBJ *) (VP completing (NP (NP its acquisition) (PP of (NP the remaining Warner shares))))))))) .)) (TOP (S (NP-SBJ Time Warner) (VP emphasized (PP-LOC in (NP a news release)) (SBAR that (S (NP-SBJ-1 it) (VP should (VP be (VP evaluated (NP *-1) (PP-MNR based (PP on (NP (NP its cash flow) , (SBAR (WHNP-2 which) (S (NP-SBJ the company) (VP defined (NP *T*-2) (PP-CLR as (NP (NP earnings) (PP before (NP interest , taxes , depreciation and amortization)))))))))))))))) .)) (TOP (S (PP On (NP a pro-forma basis)) , (S-ADV (NP-SBJ *) (VP assuming (SBAR 0 (S (NP-SBJ the merger) (VP was (ADJP-PRD effective (NP-TMP Jan 1 , 1988))))))) , (PP including (NP (NP the results) (PP from (NP both (NP Time Inc.) and (NP (NP all) (PP of (NP Warner))))))) , (NP-SBJ that cash flow figure) (VP would (VP be (NP-PRD (NP (NP (QP $ 526 million) *U*) (PP for (NP the latest quarter))) , (NP (NP (NP (QP more than double) the comparable figure) (ADVP-TMP (NP a year) ago)) , or (NP (QP $ 242 million) *U*))) , (PP according (PP to (NP Time Warner))))) .)) (TOP (S (NP-SBJ-1 (NP Some analysts) (ADVP at least)) (VP (VP are (VP buying (NP that argument))) , and (VP were n't (VP alarmed (NP *-1) (PP by (NP-LGS the losses))))) .)) (TOP (SINV `` (S-TPC-2 (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP (ADVP really) matters))) (VP is (NP-PRD (NP the operating income) (PP of (NP the divisions))))) : (S (S (NP-SBJ I) (VP look (PP-CLR at (NP these numbers)))) and (S (NP-SBJ I) (VP say , (S (NP-SBJ these businesses) (VP are (VP doing (ADVP-MNR well)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Mark Manson) , (NP (NP a vice president) (PP of (NP Donaldson , Lufkin & Jenrette Securities Corp)))) .)) (TOP (S `` (PP For (NP example)) , (NP-SBJ Warner) (VP made (NP (QP more than $ 100 million) *U*) (PP-MNR from (NP filmed entertainment)) (PP-TMP in (NP three months))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD a big number)) .)) (TOP (S (NP-SBJ Warner) (ADVP also) (VP had (NP (NP a gain) (PP of (NP (QP more than 13) %)) (PP from (NP (NP records) and (NP music publishing)))) , (SBAR-ADV even though (S (NP-SBJ the domestic record business) (VP was (ADJP-PRD sluggish) (NP-TMP this summer))))) . '')) (TOP (S (PP-TMP In (NP the year-ago third quarter)) , (NP-SBJ (NP Time) (PP on (NP its own))) (VP reported (NP (NP net income) (PP of (NP (NP (QP $ 81 million) *U*) , or (NP (NP $ 1.42 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ (NP Combined revenue) (PP-TMP for (NP the latest quarter)) (PP of (NP Time Warner))) (VP was (NP-PRD (QP $ 2.2 billion) *U*) , (PP compared (PP with (NP (NP the year-ago Time revenue) (PP of (NP (QP $ 1.1 billion) *U*)))))) .)) (TOP (S (PP On (NP a (ADJP pro forma) basis)) , (PP including (NP (NP all) (PP of (NP (NP Warner 's) earnings)))) , (NP-SBJ Time Warner) (VP had (NP (NP a third-quarter loss) (PP of (NP (QP $ 217 million) *U*))) , (PP compared (PP with (NP (NP a (ADJP (QP $ 342 million) *U*) loss) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (PP On (NP the same basis)) , (NP-SBJ revenue) (VP rose (PP-DIR to (NP (QP $ 2.7 billion) *U*)) (PP-DIR from (NP (QP $ 2.2 billion) *U*))) .)) (TOP (S (PP-TMP For (NP the third quarter)) , (NP-SBJ (NP Warner 's) (ADJP (QP $ 106 million) *U*) loss) (VP compared (PP-CLR with (NP (NP a year-ago loss) (PP of (NP (NP (QP $ 113 million) *U*) , or (NP (NP 90 cents) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (PP-SBJ to (NP (QP $ 1.5 billion) *U*)) (PP-SBJ from (NP (QP $ 1.1 billion) *U*))) .)) (TOP (S (NP-SBJ-2 The 1988 figures) (VP were (VP restated (NP *-2) (S-PRP (NP-SBJ *) (VP to (VP include (NP (NP the results) (PP of (NP (NP Lorimar Telepictures Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ Warner) (VP acquired (NP *T*-1) (PP-TMP in (NP January))))))))))))) .)) (TOP (S (NP-SBJ (NP Time Warner 's) operating earnings) (VP got (NP (NP a boost) (PP from (NP (NP Warner 's) record box-office results)))) .)) (TOP (S (NP-SBJ `` Batman '' alone) (VP has (VP racked (PRT up) (NP (NP (QP more than $ 247 million) *U*) (PP in (NP box-office receipts))) (PP-TMP to (NP date)) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ it) (NP-PRD (NP Warner Bros .) ' (ADJP largest grossing) film ever)))))) .)) (TOP (S `` (NP-SBJ Lethal Weapon II) '' (VP was (ADVP also) (NP-PRD a big hit)) .)) (TOP (S (NP-SBJ Warner) (ADVP also) (VP contributed (NP (NP record results) (PP from (NP (NP its music business) , (SBAR (WHADVP-4 where) (S-1 (NP-SBJ-2 (NP unit sales) (PP of (NP compact discs))) (VP rose (NP-EXT (QP more than 50) %) (PP-TMP from (ADVP (NP a year) ago)) (PRN , (S (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1)))) ,) (S-ADV (NP-SBJ-3 *-2) (VP helped (NP *-3) (PP by (NP-LGS (NP Prince 's) `` Batman '' soundtrack)))) (ADVP-LOC *T*-4)))))))) .)) (TOP (S (NP-SBJ Time Warner) (VP said (SBAR 0 (S (NP-SBJ its cable division) (VP turned (PRT in) (NP-PRD (NP a (ADJP 77 %) increase) (PP in (NP operating cash flow))) , (PP-DIR to (NP (QP $ 166 million) *U*)) (PP-DIR from (NP (QP $ 94 million) *U*)) , (S-ADV (NP-SBJ *) (VP reflecting (NP higher per-subscriber revenue))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the 1988 results) (VP included (NP (NP a (ADJP (QP $ 20 million) *U*) charge) (VP reflecting (NP (NP a reserve) (PP for (NP (ADJP relocation related) expenses)) (PP-LOC at (NP American Television & Communications Corp)))))) .)) (TOP (S (PP On (NP the other hand)) , (NP-SBJ Time Warner) (VP said (SBAR 0 (S (NP-SBJ (NP its operating cash flow) (PP *ICH*-1)) (VP declined (PP-TMP in (NP the quarter)) (PP-1 for (NP (NP its magazine division) , (NP its books division) and (NP the Home Box Office programming division))))))) .)) (TOP (S (PP-LOC In (NP magazines)) , (NP-SBJ-1 (NP higher advertising revenues) (PP-LOC at (NP (NP Sports Illustrated) and (NP Fortune)))) (VP were (VP offset (NP *-1) (PP by (NP-LGS (NP lower ad revenue) (PP for (NP other major magazines)))))) .)) (TOP (S (NP-SBJ The programming division) (VP saw (NP (NP a decline) (PP in (NP operating cash flow))) (SBAR-PRP (SBAR because (S (NP-SBJ the year-ago quarter) (VP included (NP (NP a (ADJP (QP $ 12 million) *U*) dividend) (PP from (NP Turner Broadcasting System)))))) and (SBAR because (S (NP-SBJ the quarter) (VP includes (NP (NP expenses) (VP associated (NP *) (PP-CLR with (NP (NP the (NAC-LOC Nov. 15) launch) (PP of (NP (NP HBO 's) Comedy Channel))))))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Time Warner) (VP closed (PP-CLR at (NP (NP $ 138.625 *U*) (NP-ADV a share))) , (ADVP up (NP $ 1.875 *U*)) , (SBAR-ADV while (S (NP-SBJ Warner) (VP closed (PP-CLR at (NP (NP $ 63.875 *U*) (NP-ADV a share))) , (ADVP up (NP 12.5 cents)))))) .)) (TOP (S (NP-SBJ (NP Robert J. Penn) , (NP (NP president) and (NP chief executive officer)) ,) (VP will (VP take (NP (NP early retirement) (PP from (NP this steelmaker))) (NP-TMP Dec 31))) .)) (TOP (S (NP-SBJ (NP William S. Leavitt) , (NP chairman) ,) (VP said (SBAR 0 (S (NP-SBJ (NP Mr. Penn) , (ADJP (NP 58 years) old) ,) (VP (VP would (VP continue (PP-CLR as (NP a consultant)))) and (VP would (VP work (PP-CLR with (NP the board)) (PP-LOC in (S-NOM (NP-SBJ *) (VP selecting (NP a successor)))))))))) .)) (TOP (S (NP-SBJ UNR) (ADVP-TMP recently) (VP emerged (PP-CLR from (NP (NP bankruptcy-law proceedings) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP left (NP (NP 64 %) (PP of (NP (NP the reorganized company 's) common stock))) (PP-LOC in (NP (NP the hands) (PP of (NP (NP trustees) (PP of (NP an asbestos-disease claims trust)))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP have (NP no further comment)))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Leavitt) , (NP 37) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD chairman)) (ADVP-TMP earlier (NP this year)) (PP by (NP-LGS (NP the company 's) new board)) , (S-ADV (NP-SBJ *-1) (VP having (VP served (PP-CLR as (NP (NP vice president) (PP for (NP legal and corporate affairs))))))))) .)) (TOP (S (NP-SBJ (NP His father) , (NP David S. Leavitt) ,) (VP was (NP-PRD (NP chairman) and (NP chief executive)) (PP-TMP until (NP (NP his death) (PP-LOC in (NP an accident)) (ADVP-TMP (ADVP (NP five years) ago) , (SBAR (WHPP-2 at (WHNP which time)) (S (NP-SBJ-1 Mr. Penn) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD president)) (PP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ-2 Some House Democrats) (VP are (VP trying (S (NP-SBJ *-2) (VP to (VP head (PRT off) (NP (NP an appointment) (PP by (NP President Bush)) (PP to (NP (NP the board) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP oversees (NP the savings-and-loan bailout))))))) , (S-ADV (NP-SBJ *-2) (VP contending (SBAR that (S (NP-SBJ the prospective nominee) (VP is (NP-PRD (NP the head) (PP of (NP troubled banks)) (NP himself)))))))))))) .)) (TOP (S (NP-SBJ (NP Four Democrats) (PP on (NP the House Banking Committee))) (VP sent (NP President Bush) (NP (NP a letter) (VP stating (NP (NP their concerns) (PP about (NP (NP the expected appointment) (PP of (NP (NP James Simmons) , (NP (NP an Arizona banker) and (NP (NP former fund-raiser) (PP for (NP Mr. Bush)))) ,)) (PP to (NP (NP the Oversight Board) (PP of (NP the Resolution Trust Corp)))))))))) .)) (TOP (S (NP-SBJ (NP The Oversight Board) , (VP created (NP *) (PP-LOC in (NP (NP the savings-and-loan law) (VP signed (NP *) (PP-TMP in (NP August)))))) ,) (VP sets (NP (NP policy) (PP for (NP (NP the RTC) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP sell (NP (NP (NP hundreds) (PP of (NP (NP the nation 's) sick thrifts))) and (NP (NP billions) (PP of (NP (NP dollars) (PP of (NP their assets)))))))))))))) .)) (TOP (S (NP-SBJ (NP Treasury Secretary Nicholas Brady) , (NP Federal Reserve Board Chairman Alan Greenspan) and (NP Housing and Urban Development Secretary Jack Kemp)) (VP are (NP-PRD (NP members) (PP of (NP the board)))) .)) (TOP (S (NP-SBJ President Bush) (VP must (VP appoint (NP (NP two other members) , (NP (NP (NP one) (NP a Democrat)) and (NP (NP one) (NP a Republican)))))) .)) (TOP (S (NP-SBJ An administration official) (VP confirmed (NP-TMP last week) (SBAR (SBAR that (S (NP-SBJ (NP Mr. Simmons) , (NP (NP the chairman) (PP of (NP (NP Valley National Bank) (PP-LOC in (NP Phoenix))))) ,) (VP is (NP-PRD the Republican appointee)))) , and (SBAR that (S (NP-SBJ a security clearance) (VP was (PP-PRD under (NP way))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The Democratic appointee) (VP has n't (VP been (VP determined (NP *-1))))) , (NP-SBJ the official) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S (NP-SBJ-1 Mr. Simmons) (VP declined (S (NP-SBJ *-1) (VP to (VP comment))))) , and (S (NP-SBJ the White House) (VP said (SBAR 0 (S (NP-SBJ (NP the congressmen 's) letter) (VP is (PP-PRD under (NP review))))))) .)) (TOP (S (NP-SBJ (NP The letter) , (VP dated (NP *) (NP-TMP last Thursday)) ,) (VP cited (NP (NP the losses) (PP-LOC (PP at (NP Valley National)) , and (PP at (NP (NP (NP United Bank) , (PP also of (NP Phoenix)) ,) (SBAR (WHADVP-1 where) (S (NP-SBJ Mr. Simmons) (VP was (NP-PRD chairman) (PP-TMP for (NP 29 years)) (ADVP-LOC *T*-1))))))))) .)) (TOP (S (NP-SBJ-1 Both banks) (VP have (VP been (VP battered (NP *-1) , (SBAR-ADV as (SINV (VP have (VP *?*)) (NP-SBJ other Arizona banks))) , (PP-MNR by (NP falling real estate prices))))) .)) (TOP (S (NP-SBJ Valley National) , (PP for (NP example)) , (VP had (NP (NP (QP $ 470 million) *U*) (PP-LOC in (NP problem assets))) (PP-TMP as (PP of (NP June)))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ We) (VP believe (SBAR that (S (NP-SBJ there) (VP are (NP-PRD (NP numerous other candidates) (ADJP more qualified (PP for (NP this important position))))))))) and (S (NP-SBJ we) (VP encourage (S (NP-SBJ you) (VP to (VP give (NP them) (NP your thorough consideration) (PP-TMP before (S-NOM (NP-SBJ *) (VP making (NP this key RTC appointment)))))))))) , '' (NP-SBJ the letter) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ The RTC) (VP needs (NP (NP the (ADJP most able , competent) management) (ADJP available))) . '')) (TOP (S But (NP-SBJ Mr. Simmons) (VP has (NP (NP long ties) (PP to (NP both (NP Republicans) and (NP banking))))) .)) (TOP (S (NP-SBJ He) (VP (VP was (NP-PRD (NP co-chairman) (PP of (NP (NP Mr. Bush 's) Arizona campaign committee)) (PP-TMP in (NP (NP last year 's) election)))) , and (ADVP also) (VP worked (PP-CLR for (NP Mr. Bush)) (PP-TMP in (NP the 1980 election)))) .)) (TOP (S (NP-SBJ The two) (VP met (ADVP-TMP (ADVP (NP (QP more than 30) years) ago) , (SBAR (WHADVP when) (S (NP-SBJ Mr. Simmons) (VP worked (PP-CLR for (NP (NP (NP Commercial Bank & Trust Co.) (PP of (NP (NP Midland) , (NP Texas) ,))) (SBAR (WHADVP-1 where) (S (NP-SBJ Mr. Bush) (VP was (NP-PRD an organizing director) (ADVP-LOC *T*-1))))))))))) .)) (TOP (S (PP-TMP In (NP 1986)) , (NP-SBJ Mr. Simmons) (ADVP also) (VP served (PP-CLR on (NP (NP a committee) (PP of (NP businessmen)) (VP headed (NP *) (PP by (NP-LGS (NP William Seidman) , (NP (NP chairman) (PP of (NP (NP the Federal Deposit Insurance Corp.) and (NP the Resolution Trust Corp)))))))))) .)) (TOP (S (NP-SBJ-1 That committee) (VP determined (S (NP-SBJ *-1) (VP to (VP open (NP Arizona) (PP-CLR to (NP banking)) (PP-LOC across (NP state lines)))))) .)) (TOP (S (NP-SBJ Arizona Trend magazine) (VP referred (PP-CLR to (NP Mr. Simmons)) (NP-TMP this year) (PP-CLR as (NP (NP one) (PP of (NP (NP the 25 (ADJP most influential) people) (PP-LOC in (NP the state))))))) .)) (TOP (S (NP-SBJ-1 (NP The letter) (PP to (NP Mr. Bush))) (VP was (VP signed (NP *-1) (PP by (NP-LGS Reps. (NX (NX (NX Bruce Vento) (PRN -LRB- (NP (NP D.) , (NP-LOC Minn.)) -RRB-) , (NP (NP the chairman) (PP of (NP (NP the Banking Committee 's) RTC Task Force)))) , (NX (NX Thomas McMillen) (PRN -LRB- (NP (NP D.) , (NP-LOC Md.)) -RRB-)) , (NX (NX Kweisi Mfume) (PRN -LRB- (NP (NP D.) , (NP-LOC Md .)) -RRB-)) and (NX (NX Paul Kanjorski) (PRN -LRB- (NP (NP D.) , (NP-LOC Pa .)) -RRB-))))))) .)) (TOP (S (NP-SBJ-1 (NP Randolph W. McElroy) , (NP (NP a vice chairman) (PP of (NP this bank-holding company))) ,) (VP was (VP named (NP *-1) (PP-CLR to (NP (NP the additional position) (PP of (NP (NP chairman) (PP of (NP (NP its principal unit) , (NP Sovran Bank))))))))) .)) (TOP (S (NP-SBJ (NP Mr. McElroy) , (ADJP (NP 54 years) old) ,) (VP will (VP remain (NP-PRD (NP (NP president) and (NP chief executive officer)) (PP of (NP the unit))))) .)) (TOP (S (NP-SBJ Sovran) (ADVP also) (VP (VP named (S (NP-SBJ John B. Werner) (NP-PRD (NP a vice chairman) (PP of (NP (NP the parent company) and (NP the unit)))))) and (VP elected (NP him) (PP-CLR to (NP (NP the (ADJP newly created) position) (PP of (NP (NP chief credit officer) (PP of (NP Sovran Financial))))))) , (S-ADV (NP-SBJ *) (VP increasing (NP (NP the number) (PP of (NP corporate board members))) (PP-CLR to (NP 35))))) .)) (TOP (S (NP-SBJ (NP Mr. Werner) , (NP 58) ,) (VP was (ADVP formerly) (NP-PRD (NP senior executive vice president) (PP of (NP (NP the parent company) and (NP the unit))))) .)) (TOP (S (NP-SBJ (NP (NP Moody 's)) Investors Service Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP lowered (NP (NP the debt ratings) (PP of (NP (NP certain long-term debt) (VP held (NP *) (PP by (NP-LGS this company)))))))))) .)) (TOP (S (NP-SBJ-1 The debt-rating concern) (VP cited (NP (NP (NP the bank 's) move) (PP into (NP the Texas market))) , (S-ADV (NP-SBJ *-1) (VP noting (SBAR 0 (S (NP-SBJ its profitability and capital adequacy measurements) (VP will (VP be (ADJP-PRD depressed) (ADVP relative (PP to (NP (NP the bank 's) past performance)))))))))) .)) (TOP (S (NP-SBJ Moody 's) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP raised (NP (NP its rating) (PP on (NP (NP the Deposit Insurance Bridge Bank) , (VP (ADVP-TMP now) known (NP *) (PP-CLR as (NP (NP Bank One) , (NP Texas N.A.))))))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP (NP the support) (PP of (NP other banking affiliates))) and (NP (NP substantial assistance) (PP for (NP the FDIC)))))))))) .)) (TOP (S (NP-SBJ (NP Officials) (PP-LOC at (NP the New York bank-holding company))) (VP were n't (ADJP-PRD available (PP for (NP (NP comment) (PP on (NP the debt-rating changes)))))) .)) (TOP (S (PP-LOC At (NP (NP Lloyd 's) (PP of (NP London)))) , (NP-SBJ-1 underwriters) (ADVP still) (VP scratch (PRT out) (NP policies) (S-MNR (NP-SBJ *-1) (VP using (NP (NP fountain pens) and (NP blotting paper))))) .)) (TOP (S (NP-SBJ-1 Visitors) (VP are (VP (VP ushered (NP *-1) (PP-DIR into (NP the premises)) (PP by (NP-LGS (NP red-frocked doormen) (VP known (NP *) (PP-CLR as (NP waiters)))))) , (NP (NP a reminder) (PP of (NP (NP (NP the insurance market 's) origins) (PP-LOC in (NP a coffeehouse)) (PP-LOC in (NP 17th century London))))))) .)) (TOP (S (NP-SBJ Such trappings) (VP (VP suggest (NP a glorious past)) but (VP give (NP (NP no hint) (PP of (NP a troubled present))))) .)) (TOP (S (NP-SBJ-1 (NP Lloyd 's) , (RRC (ADVP-TMP once) (NP (NP a pillar) (PP of (NP the world insurance market)))) ,) (VP is (VP being (VP shaken (NP *-1) (PP-CLR to (NP its very foundation))))) .)) (TOP (S (NP-SBJ-1 The 301-year-old exchange) (VP is (VP battered (NP *-1) (PP by (NP-LGS (NP (NP enormous claims) (PP from (NP (NP a decade-long run) (PP of (NP unprecedented disasters))))) , (SBAR (WHNP-2 (WHNP the most recent) (WHPP of (WHNP which))) (S (NP-SBJ *T*-2) (VP is (NP-PRD (NP (NP last week 's) earthquake) (PP-LOC in (NP (NP California 's) Bay Area)))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 Lloyd 's) (VP is (VP (VP besieged (NP *-1) (PP by (NP-LGS disgruntled investors))) and (VP hamstrung (NP *-1) (PP by (NP-LGS (NP (ADJP inefficient but time-honored) ways) (PP of (S-NOM (NP-SBJ *) (VP conducting (NP business))))))))) .)) (TOP (S (NP-SBJ-1 The exchange) (VP is (ADVP gradually) (VP being (VP squeezed (NP *-1) (PP-CLR into (NP (NP narrow , less-profitable segments) (PP of (NP the market)))) (PP by (NP-LGS (ADJP less hidebound) competitors))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Lloyd 's) (VP is (PP-LOC-PRD on (NP the ropes)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Peter Nutting) , (NP (NP a (NP Lloyd 's) investor) (PP-TMP for (NP 17 years)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP now) (VP leads (NP (NP a dissident group) (VP threatening (S (NP-SBJ *) (VP to (VP sue (NP exchange underwriters) (PP-CLR for (NP alleged mismanagement and negligence)))))))))))) .)) (TOP (S `` (NP-SBJ It) (VP needs (NP more discipline)) .)) (TOP (S (NP-SBJ-1 It) (VP needs (S (NP-SBJ *-1) (VP to (VP sort (NP itself) (PRT out))))) . '')) (TOP (SINV (ADJP-PRD-TPC-1 Most troublesome) (VP is (ADJP-PRD *T*-1)) (NP-SBJ (NP the shrinking pool) (PP of (NP `` (NP names) , '' (NP (NP the well-heeled investors) (PRN -LRB- (S-ADV (NP-SBJ (NP some) (PP of (NP them))) (ADJP-PRD royal)) -RRB-) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) , (PP as (NP (NP members) (PP of (NP about 360 syndicates)))) , (VP underwrite (NP policies)))))))) .)) (TOP (S (NP-SBJ (QP Some 1,750) members) (VP (VP quit (NP the exchange) (NP-TMP last year)) , (NP (NP (QP more than triple) the number) (PP of (NP resignations)) (PP-TMP in (NP 1987)))) .)) (TOP (S (NP-SBJ Names) (VP are (VP resigning (PP-MNR at (NP an (ADJP even faster) pace)) (NP-TMP this year))) .)) (TOP (S (NP-SBJ Lackluster returns) (VP are (NP-PRD one reason)) .)) (TOP (S (NP-SBJ (NP The average after-tax return) (PP on (NP investment))) (PP-TMP in (NP (NP 1986) , (NP (NP the (ADJP most recent) year) (SBAR (WHPP-1 for (WHNP which)) (S (NP-SBJ results) (VP are (ADJP-PRD available) (PP *T*-1))))) ,)) (VP was (NP-PRD 6.5 %) , (PP according (PP to (NP (NP Chatset Ltd.) , (NP (NP an insurance consulting firm) (PP-LOC in (NP London))))))) .)) (TOP (S (PP-TMP In (NP 1985)) , (NP-SBJ it) (VP was (NP-PRD 2.1 %)) .)) (TOP (S (PP-TMP (PP Between (NP (NP 1981) and (NP 1986))) , (NP (NP the (ADJP most recent) five-year period) (SBAR (WHPP-1 for (WHNP which)) (S (NP-SBJ figures) (VP are (ADJP-PRD available) (PP *T*-1))))) ,) (NP-SBJ Lloyd 's) (VP reported (NP (NP (QP over # 3.6 billion) *U*) (PP in (NP (NP claims and reserves) (PP against (NP future losses)))) (PRN -LRB- (NP (NP (QP $ 5.7 billion) *U*) (PP-LOC at (NP (NP today 's) exchange rates))) -RRB-) , (NP (NP (QP more than double) the (QP # 1.35 billion) *U*) (VP posted (NP *) (PP-TMP in (NP the previous five-year period)))))) .)) (TOP (S (NP-SBJ-2 (NP Many) (PP of (NP (NP the 31,329 investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP remain)))))) (VP are (VP beginning (S (NP-SBJ *-2) (VP to (VP question (NP (NP (NP one) (PP of (NP (NP the exchange 's) (ADJP most basic) tenets))) , (NP (NP the concept) (PP of (NP unlimited personal liability))))))))) .)) (TOP (S (S (NP-SBJ Investors) (VP may (VP reap (NP huge profits) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ premiums) (VP exceed (NP claims) (ADVP-TMP *T*-1))))))) , but (S (NP-SBJ they) (VP are (ADJP-PRD liable (PP to (NP their last pound or dollar))) (PP-LOC in (NP (NP the event) (PP of (NP a catastrophe)))))) .)) (TOP (S And (NP-SBJ catastrophes) (VP are (VP getting (ADJP-PRD ever more costly))) .)) (TOP (S (NP-SBJ (NP (NP Lloyd 's) claims) (PP for (NP (NP the (ADJP 1988 Piper Alpha oil-rig) disaster) (PP-LOC in (NP the North Sea))))) , (PP for (NP instance)) , (VP may (VP reach (NP (QP $ 1 billion) *U*))) .)) (TOP (S (PP-TMP During (NP (NP the five-year period) (VP ended (NP *) (NP-TMP-CLR 1986)))) , (NP-SBJ (NP (QP roughly 80) %) (PP of (NP the names))) (VP had (NP (NP money) (VP tied (PRT up) (PP-CLR in (NP money-losing syndicates)))) , (PP according (PP to (NP Chatset consultants)))) .)) (TOP (S (NP-SBJ (NP The peril) (PP of (NP unlimited liability))) (VP looms (ADVP-CLR large) (PP for (NP (NP a number) (PP of (NP them)))) (ADVP-TMP now)) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ I) (VP have (VP wished (SBAR 0 (S (NP-SBJ I) (VP could (VP (VP die) and (VP be (PP-LOC-PRD out (PP of (NP it))))))))))) -- (S (NP-SBJ that) (VP 's (SBAR-PRD (WHADJP-2 how bad) (S (NP-SBJ it) (VP is (ADJP-PRD *T*-2))))))) , '' (NP-SBJ (NP Betty Atkins) , (NP (NP a secretary) (PP from (NP suburban London))) ,) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Ms. Atkins) , (SBAR (WHNP-2 whose (NP Lloyd 's) membership) (S (NP-SBJ *T*-2) (VP was (NP-PRD (NP a bonus) (PP from (NP a former employer))) (PP-TMP in (NP 1981))))) ,) (VP belongs (PP-CLR to (NP (NP (NP Mr. Nutting 's) dissident group) (PP-LOC on (NP the Outhwaite syndicate)) , (SBAR (WHNP-3 which) (S (NP-SBJ-1 *T*-3) (VP has (VP been (ADVP-MNR hard) (VP hit (NP *-1) (PP by (NP-LGS asbestos reinsurance claims)))))))))) .)) (TOP (S (NP-SBJ (NP Ms. Atkins) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP underwrote (NP (NP (NP # 20,000 *U*) , or (NP (QP about $ 32,000) *U*) ,) (PP of (NP (NP insurance coverage) (PP on (NP that syndicate)))))))) ,) (ADVP-TMP now) (VP faces (NP (NP potential losses) (PP of (NP (NP (QP roughly # 70,000) *U*) , or (NP $ 111,000 *U*))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ Lloyd 's) (VP wants (S (NP-SBJ # 70,000 *U*) (PP-DIR-PRD out (PP of (NP me))))))) (S (NP-SBJ-3 they) (VP will (VP have (S (NP-SBJ *-3) (VP to (VP take (NP (NP everything) (SBAR (WHNP-2 0) (S (NP-SBJ I) (VP 've (VP got (NP *T*-2)))))))))))) -- and (S (ADVP-TMP even then) (NP-SBJ I) (VP do n't (VP know (SBAR if (S (NP-SBJ it) (VP will (VP be (NP-PRD enough))))))))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Unease) (VP is (ADJP-PRD widespread) (PP-LOC among (NP exchange members))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP ca n't (VP think (PP-CLR of (NP (NP any reason) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP join (NP Lloyd 's) (ADVP-TMP now) (ADVP-PRP *T*-2)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Keith Whitten) , (NP (NP a British businessman) and (NP (NP (NP a Lloyd 's) member) (PP-TMP since (NP 1979))))) .)) (TOP (S `` (S (NP-SBJ The downside) (VP is (ADJP-PRD very considerable))) , and (S (PP-TMP at (NP the moment)) (NP-SBJ the upside) (VP is (ADJP-PRD very marginal))) . '')) (TOP (S (SBAR-ADV-TPC-1 If (S (NP-SBJ profits) (VP do n't (VP improve)))) , (NP-SBJ Mr. Whitten) (VP says (SBAR 0 (S (NP-SBJ he) (VP may (VP quit (NP the exchange) (SBAR-ADV *T*-1)))))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ (NP competition) (PP from (NP (NP rivals) (ADJP unencumbered (PP by (NP history)))))) (VP is (VP intensifying)) .)) (TOP (S (NP-SBJ-1 Lloyd 's) (VP is (VP being (VP squeezed (NP *-1) (PP-DIR out (PP of (NP (NP (ADJP (ADJP low-margin) but (ADJP (ADVP more consistently) profitable)) product lines) (PP such as (NP (NP primary property) and (NP marine insurance))))))))) .)) (TOP (S (PP-TMP Over (NP the past decade)) , (NP-SBJ competitors) (VP have (VP chipped (PRT away) (PP-CLR at (NP (NP (NP the exchange 's) share) (PP of (NP (NP the (ADJP (QP # 2.5 billion) *U*) marine market) (PP-LOC in (NP (NP London) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 half (NP the world 's) ships) (VP are (VP insured (NP *-1) (ADVP-LOC *T*-2))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Lloyd 's) (ADJP 66 %) stake) (PP-LOC in (NP that market))) (VP has (VP shrunk (PP-DIR to (NP 50 %)) (PP-TMP in (NP that period)) , (PP according (PP to (NP (NP an official) (PP-LOC at (NP (NP (NP the Institute) (PP of (NP London Underwriters))) , (NP a (NP Lloyd 's) competitor)))))))) .)) (TOP (S -LRB- (NP-SBJ-1 The official) (VP asked (S (NP-SBJ-2 *-1) not (VP to (VP be (VP named (NP *-2)))))) . -RRB-)) (TOP (S (NP-SBJ (NP Much) (PP of (NP the business))) (VP has (VP gone (PP-DIR to (NP (NP the institute) , (NP (NP an association) (PP of (NP (NP (QP more than 100) insurers) , (PP including (NP (NP Cigna Corp.) , (NP (NP Allianz Versicherungs AG) (PP of (NP West Germany))) and (NP (NP Britain 's) Commercial Union Assurance PLC)))))))))) .)) (TOP (S (NP-SBJ Lloyd 's) (VP has (VP endured (NP (NP decades) (PP of (NP genteel decline))))) .)) (TOP (S (PP-TMP At (NP (NP the peak) (PP of (NP its power and influence)) (ADVP-TMP (NP a century) ago))) , (NP-SBJ Lloyd 's) (VP dominated (NP the insurance world) (PP with (NP a (ADJP 50 %) stake))) .)) (TOP (S (S (NP-SBJ It) (ADVP virtually) (VP dictated (SBAR (WHADVP-3 how) (S (NP-SBJ-2 ships) (VP were (S (NP-SBJ-1 *-2) (VP to (VP be (VP built (NP *-1) (ADVP-MNR *T*-3)))))))))) and (S (NP-SBJ it) (VP monitored (NP commerce) (PP-MNR through (NP a unrivaled intelligence network)) (PP-LOC in (NP (NP ports) (PP-LOC around (NP the globe)))))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ (NP (NP Lloyd 's) share) (PP of (NP the world market)) , (PP excluding (NP life insurance)) ,) (VP is (NP-PRD (QP about 2) %)) .)) (TOP (S -LRB- (NP-SBJ Its stake) (VP is (ADJP-PRD even smaller) (SBAR-ADV if (S (NP-SBJ-1 life insurance) (VP is (VP included (NP *-1)))))) . -RRB-)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Bigger rivals) , (PP such as (NP Aetna and Allianz))) , (S-ADV (NP-SBJ *-1) (VP backed (NP *) (PP by (NP-LGS (NP armies) (PP of (NP (NP statisticians) (VP using (NP computers)))) (PP-LOC in (NP (NP hundreds) (PP of (NP branches)))))))) , (VP (VP operate (ADVP-MNR more efficiently)) and (VP (ADVP-TMP often) can (VP offer (NP lower rates))))) , (NP-SBJ brokers) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ Lloyd 's) (VP pioneered (NP (NP such now-standard policies) (PP as (NP (NP (NP worker 's) compensation insurance) , (NP (NP burglary insurance) (PP for (NP homeowners and businesses))) , and (NP (NP bankers ') liability insurance))))))) , (NP-SBJ competitors) (ADVP-TMP now) (VP underwrite (NP (NP most) (PP of (NP that business)))) .)) (TOP (S (PP Beyond (NP that)) , (NP-SBJ-1 many big (UCP oil , chemical and airline) companies) (VP are (VP siphoning (PRT off) (NP (NP big chunks) (PP of (NP the market))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP insuring (NP themselves) (PP-MNR through (NP (NP `` captive '' offshore companies) (PP for (NP industry-specific coverage))))))))) .)) (TOP (S (NP-SBJ-1 (NP Even (NP Lloyd 's) specialty) -- (NP unusually risky ventures) --) (VP is (VP being (VP challenged (NP *-1)))) .)) (TOP (S (ADVP-TMP (NP Only 10 years) ago) , (PP for (NP instance)) , (NP-SBJ Lloyd 's) (VP was (NP-PRD (NP the pre-eminent insurer) (PP of (NP thoroughbred horses)))) .)) (TOP (S But (PP-TMP since (NP 1981)) , (NP-SBJ (NP Kirk Horse Insurance Inc.) (PP of (NP (NP Lexington) , (NP Ky.)))) (VP has (VP grabbed (NP (NP a (ADJP 20 %) stake) (PP of (NP the market))))) .)) (TOP (S (NP-SBJ (NP Ronald Kirk) , (NP president) ,) (VP says (SBAR 0 (S (NP-SBJ Lloyd 's) (VP has (VP suffered (SBAR-PRP because (S (S (NP-SBJ its structure) (VP does n't (VP allow (S (NP-SBJ underwriters) (VP to (VP deal (ADVP-MNR directly) (PP-CLR with (NP clients)))))))) ; (S (NP-SBJ brokers) (VP are (NP-PRD required intermediaries)))))))))) .)) (TOP (S-1 (ADVP Thus) (PRN , (S (NP-SBJ he) (VP asserts (SBAR 0 (S *T*-1))))) , (NP-SBJ (NP Lloyd 's)) (VP ca n't (VP react (ADVP-MNR quickly) (PP-CLR to (NP competition)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Lloyd 's) (VP has (VP lost (NP (NP control) (PP of (NP the situation)))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ They) (VP are n't (VP controlling (NP their destiny) (SBAR-MNR like (S (NP-SBJ-1 they) (VP used (S (NP-SBJ *-1) (VP to (VP *?*)))))))) . '')) (TOP (S (NP-SBJ (NP Murray Lawrence) , (NP (NP Lloyd 's) chairman) ,) (VP agrees (SBAR 0 (S (NP-SBJ the exchange) (VP faces (NP big challenges))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ This) (VP is (NP-PRD a watershed time))) , and (S (NP-SBJ-1 we) (VP are (VP trying (S (NP-SBJ *-1) (VP to (VP plot (NP our way) (ADVP-DIR ahead)))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S `` (NP-SBJ We) (VP have (VP been (NP-PRD (NP a great market) (PP for (S-NOM (NP-SBJ *) (VP inventing (NP (NP risks) (SBAR (WHNP-1 which) (S (NP-SBJ other people) (ADVP then) (VP (VP take (NP *T*-1)) , (VP copy (NP *T*-1)) and (VP cut (NP rates)))))))))))) . '')) (TOP (S-2 (NP-SBJ Lloyd 's) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) ,) (VP is (VP cut (PRT off) (PP-CLR from `` (NP (NP the vast body) (PP of (NP premium)) (ADVP-LOC down (PP at (NP the bottom end))) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP acts (PP-CLR as (NP (NP a steadying influence) '' (PP against (NP catastrophic losses))))))))))) .)) (TOP (S (PP By (NP that)) , (NP-SBJ he) (VP means (NP (NP (ADJP low-margin but low-risk) products) (PP such as (NP (NP certain types) (PP of (NP primary property insurance)))))) .)) (TOP (S-1 (NP-SBJ The exchange) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (VP must (VP find (NP (NP new products) and (NP new markets)))) .)) (TOP (S (NP-SBJ That) (VP wo n't (VP be (NP-PRD an easy task))) .)) (TOP (S (NP-SBJ Tradition) (VP is (NP-PRD dictator) (PP-LOC at (NP Lloyd 's))) .)) (TOP (S (ADVP-TMP (NP Three years) ago) , (NP-SBJ the exchange) (VP took (PRT up) (NP residence) (PP-LOC-CLR in (NP (NP a space-age tower) (PP of (NP steel and glass)) -- (ADJP evocative (PP of (NP (NP the kind) (PP of (NP modern architecture)) (SBAR (WHNP-1 that) (S (NP-SBJ (NP Britain 's) Prince Charles) (VP has (VP denounced (NP *T*-1))))))))))) .)) (TOP (S -LRB- (NP-SBJ Some exchange wags) (VP call (S (NP-SBJ the building) `` (NP-PRD the oil rig))) . '' -RRB-)) (TOP (S But (ADVP along (PP with (NP (NP such treasured artifacts) (PP as (NP (NP Lord Nelson 's) spyglass))))) , (NP-SBJ Lloyd 's) (ADVP also) (VP brought (NP (NP its outmoded ways) (PP of (S-NOM (NP-SBJ *) (VP doing (NP business)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The (NP Lloyd 's) market) (ADVP-MNR actively) (VP underwrites (NP insurance) (NP-TMP (NP (QP just 4 1) hours) (NP-ADV a day)))) , (NP-SBJ brokers) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Underwriting) (VP does n't (VP get (PP-PRD under (NP way)) (PP-TMP until (PP after (NP (NP morning tea) (PP-TMP at (NP 10 a.m))))))) .)) (TOP (S (NP-SBJ A two-hour lunch break) (VP follows) .)) (TOP (S (NP-SBJ Things) (VP wind (PRT down) (PP-TMP at (NP about 4:30 p.m.)) , (PP just in (NP (NP time) (PP for (NP afternoon tea))))) .)) (TOP (S (NP-SBJ (NP Lloyd 's) vast trading hall) (VP houses (NP (NP a warren) (PP of (NP well-polished desks)))) .)) (TOP (S (NP-SBJ-1 (NP The hall 's) few computers) (VP are (VP used (NP *-1) (ADVP mostly) (S-CLR (NP-SBJ *-1) (VP to (VP send (NP messages)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Sandwiched (PP-LOC between (NP desks)))) , (NP-SBJ-1 underwriters) (VP sit (PP-CLR on (NP (NP benches) (VP surrounded (NP *) (PP by (NP-LGS (NP stacks) (PP of (NP policies)))))))) .)) (TOP (S (NP-SBJ-1 (NP Brokers) (VP clutching (NP thick folders))) (VP stand (PP-CLR in (NP lines)) , (S-ADV (NP-SBJ *-1) (VP waiting (NP (NP their turn) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP speak (PP-CLR to (NP the underwriters)) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ-2 A broker) (VP may (VP have (S (NP-SBJ *-2) (VP to (VP approach (NP (NP (QP as many as 20) underwriters) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP insure (NP the endeavors) (PP on (NP (NP behalf) (PP of (NP the syndicates))))))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP could (VP take (NP-EXT six months) (SBAR-2 for (S (NP-SBJ-1 a claim) (VP to (VP be (VP paid (NP *-1)))))))) .)) (TOP (S-2 `` (NP-SBJ The system) (PRN , '' (SINV (VP says (S *T*-2)) (NP-SBJ (NP Nicholas Samengo-Turner) , (NP (NP (NP a Lloyd 's) broker) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP left (NP the exchange) (PP-TMP in (NP 1985)))))))) , ``) (VP is (ADJP-PRD so ludicrously unprofessional (SBAR 0 (S (NP-SBJ it) (VP drives (NP you mad)))))) . '')) (TOP (S (NP-SBJ Some) (VP maintain (SBAR 0 (S (NP-SBJ underwriters) (ADVP also) (VP have (VP been (ADJP-PRD inept)))))) .)) (TOP (S (NP-SBJ (NP John Wetherell) , (NP (NP a Lloyd 's) underwriter) ,) (VP says (SBAR 0 (S (NP-SBJ (NP he) and (NP his fellow underwriters)) (VP underestimated (PP-EXT by (NP (QP as much as 50) %)) (NP (NP the premiums) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP should (VP have (VP charged (NP *T*-1) (PP-CLR for (NP property risks)) (PP-TMP (PP from (NP 1980)) (PP to (NP 1985))))))))))))) .)) (TOP (S `` (SBAR-TPC-2 (SBAR (WHADJP-1 How unprofessional) (S (NP-SBJ we) (VP must (VP have (VP appeared (ADJP-PRD *T*-1) (PP-CLR to (NP the outside world))))))) -- (PRN (FRAG (WHADJP how incompetent (PP at (NP risk assessment and evaluation)))))) , '' (NP-SBJ he) (VP says (SBAR *T*-2)) .)) (TOP (S (NP-SBJ-1 (NP Lloyd 's) officials) (VP decline (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the matter)))))) .)) (TOP (S (ADVP-TMP More recently) , (NP-SBJ property rates) (VP have (VP increased)) .)) (TOP (S (NP-SBJ (NP Many) (PP-LOC at (NP Lloyd 's))) (VP expect (SBAR 0 (S (NP-SBJ the San Francisco earthquake) (VP will (VP cause (S (NP-SBJ the industry) (VP to (VP boost (NP rates) (ADVP-EXT even further))))))))) .)) (TOP (S But (NP-SBJ it) (VP will (VP be (NP-PRD years) (SBAR-TMP before (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD clear) (SBAR-1 whether (S (NP-SBJ higher rates) (VP will (VP offset (NP (NP the payouts) (PP for (NP such disasters)))))))))))) .)) (TOP (S (NP-SBJ (NP The magnitude) (PP of (NP (NP the exchange 's) problems))) (VP may not (VP become (ADJP-PRD known) (PP-TMP for (NP some time)) (PP-PRP because of (NP (NP (NP Lloyd 's) practice) (PP of (S-NOM (NP-SBJ-1 *) (VP leaving (S (NP-SBJ the books) (ADJP-PRD open)) (PP-TMP for (NP three years)) (S-PRP (NP-SBJ *-1) (VP to (VP allow (PP-CLR for (NP (NP the settlement) (PP of (NP claims)))))))))))))) .)) (TOP (S (NP-SBJ Lloyd 's) (ADVP-TMP only recently) (VP reported (NP (NP its financial results) (PP for (NP 1986)))) .)) (TOP (S (NP-TMP That year) , (NP-SBJ it) (VP posted (NP (NP (NP record pretax profit) (PP of (NP (QP # 650 million) *U*))) , (NP (NP a gain) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP attributes (NP *T*-1) (PP-CLR to (NP (NP higher rates) and (NP fewer claims))))))))) .)) (TOP (S But (NP-SBJ Mr. Lawrence) (VP says (SBAR 0 (S (NP-SBJ reported profit) (VP will (VP be (ADVP-PRD down) (PP-TMP in (NP 1987 , 1988 and 1989)))))) , (SBAR-ADV though (S (NP-SBJ-1 he) (VP declines (S (NP-SBJ *-1) (VP to (VP specify (SBAR (WHADJP-2 how steep) (S (NP-SBJ the decline) (VP will (VP be (ADJP-PRD *T*-2)))))))))))) .)) (TOP (S (NP-SBJ Insurance analysts) (VP say (SBAR 0 (S (NP-SBJ-2 (NP (NP the exchange 's) downturn) (PP-LOC in (NP profitability))) (VP is (ADJP-PRD likely (S (NP-SBJ-1 *-2) (VP to (VP be (VP aggravated (NP *-1) (PP by (NP-LGS (NP (NP (QP more than $ 600 million) *U*) (PP in (NP (NP aviation losses) -LRB- (PP including (NP (NP the 1988 Pan Am airline disaster) (PP-LOC over (NP (NP Lockerbie) , (NP Scotland))))) -RRB-))) and (NP (NP a still-uncalculated chunk) (PP of (NP (NP claims) (PP from (NP (NP September 's) Hurricane Hugo)))))))))))))))) .)) (TOP (S (NP-SBJ Lloyd 's) (VP says (SBAR 0 (S (NP-SBJ-1 (NP the departures) (PP of (NP names))) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP hurt (NP (NP its underwriting capacity) , (RRC (ADVP-TMP currently) (NP (QP about # 11 billion) *U*))))))))))) .)) (TOP (S (NP-SBJ Mr. Lawrence) (VP says (SBAR 0 (S (NP-SBJ-1 (NP the drain) (PP of (NP funds))) (VP has (VP been (VP offset (NP *-1) (PP by (NP-LGS (NP an increase) (PP-LOC in (NP (NP investments) (PP by (NP the remaining names)))))))))))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ-1 the exchange) (VP has (VP been (VP trying (S (NP-SBJ *-1) (VP to (VP lower (NP costs))))))) .)) (TOP (S -LRB- (NP-SBJ It) (ADVP-TMP recently) (VP cut (NP its work force) (PP-EXT by (NP (NP 9 %) , or (NP 213)))) . -RRB-)) (TOP (S But (NP-SBJ-1 Lloyd 's) (VP is (VP hampered (NP *-1) (PP-LOC in (NP its efforts (S (NP-SBJ *) (VP to (VP overhaul (NP operations)))))) (PP by (NP-LGS its reluctance (S (NP-SBJ *) (VP to (VP embrace (NP modern technology)))))))) .)) (TOP (S (NP-SBJ (NP Mr. Wetherell) , (NP the underwriter) ,) (VP reckons (SBAR 0 (S (NP-SBJ-1 (NP half) (PP of (NP his business))) (VP could (VP be (VP transacted (NP *-1) (PP-MNR by (NP computer)) , (S-ADV (NP-SBJ *) (VP cutting (NP costs) (NP-EXT (QP at least 10) %))))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ-1 Lloyd 's) (VP has (VP talked (PP-TMP for (NP years)) (PP-CLR about (S-NOM (NP-SBJ *-1) (VP computerizing (NP underwriting transactions)))))))) , (NP-SBJ the effort) (VP has n't (VP gotten (ADVP very far))) .)) (TOP (S (NP-SBJ (NP Competition) (PP-LOC among (NP underwriters and brokers))) (VP makes (S (NP-SBJ-1 them) (ADJP-PRD loath (S (NP-SBJ *-1) (VP to (VP centralize (NP price and policy information))))))) .)) (TOP (S (NP-SBJ Both groups) (VP cling (PP-CLR to (NP traditional face-to-face dealings)) , (PP even for (NP routine policies))) .)) (TOP (S (NP-SBJ (NP Lloyd 's) overblown bureaucracy) (ADVP also) (VP hampers (NP efforts (S (NP-SBJ *) (VP to (VP update (NP marketing strategies)))))) .)) (TOP (S (NP-SBJ-1 Some underwriters) (VP have (VP been (VP pressing (PP-TMP for (NP years)) (S (NP-SBJ-2 *-1) (VP to (VP tap (NP the low-margin business) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP selling (NP some policies) (ADVP-MNR directly) (PP-DTV to (NP consumers))))))))))) .)) (TOP (S (S (NP-SBJ Lloyd 's) (ADVP-TMP presently) (VP sells (NP only auto insurance) (ADVP-MNR directly) (PP-DTV to (NP the public)))) , and (S (NP-SBJ-1 such policies) (VP are (VP sold (NP *-1) (PP-LOC only in (NP (NP limited markets) (PP such as (NP (NP the U.K.) and (NP Canada)))))))) .)) (TOP (S But (NP-SBJ-2 such changes) (VP must (VP be (VP cleared (NP *-2) (PP by (NP-LGS (NP four internal committees) and (NP (NP dozens) (PP of (NP underwriters , brokers and administrators))))) (PP-TMP before (S-NOM (NP-SBJ-1 *) (VP being (VP implemented (NP *-1)))))))) .)) (TOP (S (NP-SBJ The proposal (S (NP-SBJ *) (VP to (VP sell (ADVP-MNR directly) (PP-CLR to (NP the public)))))) (VP remains (ADJP mired (PP-LOC in (NP bureaucratic quicksand)))) .)) (TOP (S (NP-SBJ Lloyd 's) (VP is (VP moving (ADVP-DIR forward) (PP-LOC on (NP some fronts)) , (ADVP though))) .)) (TOP (S (NP-SBJ Mr. Lawrence) (VP says (SBAR 0 (S (NP-SBJ-1 the exchange) (VP is (VP updating (NP some procedures) (S-PRP (NP-SBJ *-1) (VP to (VP make (NP (NP speedier payments) (PP on (NP claims))))))))))) .)) (TOP (S (PP-TMP By (NP next year)) , (NP-SBJ-1 all underwriters) (VP will (VP be (VP linked (NP *-1) (PP-CLR to (NP (NP a communications network) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP could (VP reduce (NP (NP paper work) (PP on (NP claims)))))))))))) .)) (TOP (S (NP-SBJ (NP Japan 's) Daiwa Securities Co.) (VP named (S (NP-SBJ Masahiro Dozen) (NP-PRD president))) .)) (TOP (S (NP-SBJ Mr. Dozen) (VP succeeds (NP (NP Sadakane Doi) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP become (NP-PRD vice chairman))))))) .)) (TOP (S (NP-SBJ Yoshitoki Chino) (VP retains (NP (NP his title) (PP of (NP (NP chairman) (PP of (NP (NP Daiwa) , (NP (NP Japan 's) second-largest securities firm))))))) .)) (TOP (S (PP-LOC In (NP Japanese firms)) , (NP-SBJ the president) (ADVP usually) (VP is (PP-PRD in (NP (NP charge) (PP of (NP day-to-day operations)))) , (SBAR-ADV while (S (NP-SBJ (NP the chairman 's) role) (VP is (ADVP more) (NP-PRD a ceremonial one))))) .)) (TOP (S (NP-SBJ-1 (NP The title) (PP of (NP chief executive officer))) (VP is n't (VP used (NP *-1))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP (NP people) (PP-LOC within (NP Daiwa))) , (NP particularly internationalists) ,) (VP expected (SBAR that (S (NP-SBJ (NP Mr. Dozen) , (NP 52) ,) (VP would (ADVP-TMP eventually) (VP become (NP-PRD (NP Daiwa 's) president)))))))) , (NP-SBJ (NP the speed) (PP of (NP his promotion))) (VP surprised (NP many)) .)) (TOP (S-CLF (NP-SBJ It) (VP was (ADVP only) (NP-PRD earlier this year) (SBAR (WHADVP-2 that) (S (NP-SBJ-1 the jovial , easygoing executive) (PRN -- (S (NP-SBJ-3 he) (VP likes (S (NP-SBJ *-3) (VP to (VP joke (PP with (NP Americans)) (PP-CLR about (SBAR-NOM (WHADVP-4 how) (S (NP-SBJ his name) (VP is (ADJP-PRD synonymous (PP with (NP twelve))) (ADVP-MNR *T*-4)))))))))) --) (VP was (VP appointed (S (NP-SBJ *-1) (NP-PRD deputy president)) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ Mr. Dozen) (VP is (VP taking (PRT over) (NP (NP the reins) (PP of (NP (NP a securities company) (SBAR (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP does (ADVP-MNR very well) (PP-LOC in (NP its domestic market))))) but (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP is (ADVP still) (VP seeking (S (NP-SBJ *-3) (VP to (VP realize (NP its potential) (PP-LOC in (NP global (NX (NX investment banking) and (NX securities dealing))))))))))))))))) .)) (TOP (S (NP-SBJ Daiwa) (VP is (NP-PRD (NP one) (PP of (NP (NP the world 's) largest securities firms)))) .)) (TOP (S (PP-TMP As (PP of (NP March 31))) , (NP-SBJ the Daiwa group) (VP had (NP (NP shareholder equity) (PP of (NP (NP (QP 801.21 billion) yen) (PRN -LRB- (NP (QP $ 5.64 billion) *U*) -RRB-))))) .)) (TOP (S (PP-TMP For (NP (NP the six months) (VP ended (NP *) (NP-TMP-CLR Sept. 30)))) , (NP-SBJ Daiwa) (VP reported (NP (NP unconsolidated -LRB- parent company -RRB- net income) (PP of (NP (NP (QP 79.03 billion) yen) (PRN -LRB- (NP (QP $ 556.5 million) *U*) -RRB-))) (PP on (NP (NP revenue) (PP of (NP (NP (QP 332.38 billion) yen) (PRN -LRB- (NP (QP $ 2.34 billion) *U*) -RRB-))))))) .)) (TOP (S (NP-SBJ Both figures) (VP were (NP-PRD record highs)) .)) (TOP (S (NP-SBJ Several observers) (VP interpreted (NP (NP Mr. Dozen 's) appointment) (PP-CLR as (NP (NP an attempt (S *ICH*-3)) (PP by (NP Daiwa)) (S-3 (NP-SBJ-2 *) (VP to (VP make (S (NP-SBJ its international operations) (ADJP-PRD more profitable)) (SBAR-TMP while (S (NP-SBJ *-2) (VP preparing (NP the firm) (PP-CLR for (NP (NP the effects) (PP of (NP (NP the continuing deregulation) (PP of (NP (NP Japan 's) domestic markets)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP should (VP mean (NP increased competition)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP All) (PP of (NP (NP (NP Japan 's) so-called Big Four securities firms) -- (NP (NP (NP Nomura Securities Co. Ltd.) , (NP (NP the world 's) largest)) , (NP Nikko Securities Co. Ltd.) , (NP Yamaichi Securities Co. Ltd.) and (NP Daiwa)) --))) (VP have (VP suffered (NP setbacks) (PP-LOC in (NP their attempts (S (NP-SBJ *) (VP to (VP break (PP-CLR into (NP foreign markets))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 they) (VP have (VP moved (PP-DIR to (NP the fore)) (PP-LOC in (S-NOM (NP-SBJ *-1) (VP underwriting (NP fixed-income securities) (PP-LOC in (NP the Eurobond market)) -- (PP mostly for (NP Japanese firms)) --))))))) (NP-SBJ they) (VP have (VP been (ADJP-PRD only marginally profitable) (PRN , (SBAR if (FRAG (ADVP at all))) ,) (PP-LOC in (NP the U.S)))) .)) (TOP (S (NP-SBJ American institutional investors) (VP have (ADVP-TMP never) (VP had (NP (NP a large appetite) (PP for (NP Japanese equities))))) .)) (TOP (S And (SBAR-ADV while (S (NP-SBJ the Japanese) (VP have (VP stepped (PRT up) (NP (NP their purchases) (PP of (NP U.S. shares))) (PP-TMP in (NP the past several months)))))) , (NP-SBJ they) (VP have (VP shown (S (NP-SBJ themselves) (VP *ICH*-1)) (PP-TMP in (NP the past)) (VP-1 to (VP be (NP-PRD fickle investors))))) .)) (TOP (S (PP At (NP the same time)) , (NP-SBJ (NP Daiwa) and (NP its brethren)) (VP have (VP faced (NP (NP stiff competition) (PP from (NP (NP well-entrenched American competitors) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP prevented (NP-2 them) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP building (NP (NP strong links) (PP to (NP (NP U.S. corporations) and (NP institutional investors)))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Dozen) (VP knows (NP these problems) (ADVP-MNR firsthand)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ he) (VP arrived (PP-DIR-CLR in (NP the U.S.)) (PP-TMP in (NP (NP 1969) -- (NP (NP the start) (PP of (NP an eight-year tour))) --)) (ADVP-TMP *T*-1)))) (NP-SBJ-2 he) (VP tried (S (NP-SBJ *-2) (VP selling (NP (ADJP Japanese yen-denominated) bonds) (PP-DTV to (NP U.S. investors))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 He) (VP made (NP desperate efforts) , (S-ADV (NP-SBJ *-2) (VP using (NP (NP the yellow pages) (PP (PP from (NP beginning)) (PP to (NP end)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Koji Yoneyama) , (NP (NP president) (PP of (NP (NP Daiwa 's) U.S. unit)))) .)) (TOP (S `` But (NP-SBJ-1 (NP not a single piece) (PP of (NP paper))) (VP was (VP sold (NP *-1))) . '')) (TOP (S (PP By (NP his own account)) , (NP-SBJ Mr. Dozen) (VP did n't (VP do (ADVP-MNR much better) (PP-CLR with (NP U.S. bonds)))) .)) (TOP (S (PP-LOC In (NP an interview)) (ADVP-TMP (NP a few months) ago) , (NP-SBJ he) (VP recalled (SBAR (WHADVP-1 how) (S (PP-TMP after (NP (NP some training) (PP-LOC at (NP Salomon Brothers Inc.)))) , (NP-SBJ he) (ADVP-MNR successfully) (VP bid (PP-CLR for (NP the opportunity (S (NP-SBJ *) (VP to (VP sell (NP (NP portions) (PP of (NP 20 U.S. corporate bond issues)))))))) (ADVP-MNR *T*-1))))) .)) (TOP (S But (NP-SBJ he) (VP could n't (VP sell (NP any))) .)) (TOP (S `` (NP-SBJ Japanese stock salesmen) (VP selling (NP American bonds)) ?)) (TOP (S (S-TPC-1 (ADVP Maybe) (NP-SBJ it) (VP 's (ADJP-PRD crazy))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Dozen) (ADVP even) (VP related (NP (NP the indignity) (VP suffered (NP *) (SBAR-TMP (WHADVP when) (S (NP-SBJ (NP he) and (NP two colleagues)) (VP (VP went (PP-CLR on (NP (NP an overnight fishing expedition) (PP-LOC off (NP the New Jersey shore))))) and (VP caught (NP nothing)))))))) .)) (TOP (S (S-TPC-2 (PP-TMP Upon (S-NOM (NP-SBJ *-1) (VP returning (PP-DIR to (NP New York))))) , `` (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Exhausted)) , (NP-SBJ-1 I) (VP got (PP-CLR into (NP a taxicab)))) , and (S (NP-SBJ the woman driver) (VP said : ` (S (NP-SBJ Americans) (VP make (NP better fishermen))) , ')) '') (NP-SBJ he) (VP recalled (SBAR 0 (S *T*-2))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Undaunted)) , (NP-SBJ-1 Mr. Dozen) (VP said (SBAR that (S (NP-SBJ (NP Daiwa 's) goal) (VP is (S-PRD (NP-SBJ *) (VP to (VP build `` (NP (NP a (ADJP high-technology oriented) international organization) (PP with (ADVP maybe) (NP (NP some Japanese flavor) (PP to (NP it)))))))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (NP-SBJ he) (VP was (ADJP-PRD particularly interested (PP in (S-NOM (NP-SBJ his firm) (VP gaining (NP (NP expertise) (PP in (NP (NP (NP futures) , (NP options) , (NP mortgaged-backed securities) , (NP computerized trading) and (NP investment systems)) (CONJP as well as) (NP mergers and acquisitions)))))))))))) .)) (TOP (S (NP-SBJ Mr. Dozen) (VP said (SBAR 0 (S (NP-SBJ (NP Daiwa 's) strengths) (VP were (NP-PRD (NP its large capital base) , (NP (NP its influential position) (PP-LOC in (NP the Tokyo market))) and (NP (NP its links) (PP to (NP Japanese (NX (NX corporations) and (NX institutional investors)))))))))) .)) (TOP (S (NP-SBJ Mr. Dozen) (VP joined (NP Daiwa) (PP upon (NP (NP his graduation) (PP from (NP Kyoto University)))) (PP-TMP in (NP 1959))) .)) (TOP (S (PP Like (NP (NP many young recruits) (PP-LOC in (NP Japanese securities firms)))) , (NP-SBJ-1 he) (VP began (NP his career) (S-MNR-CLR (NP-SBJ *-1) (VP peddling (NP stock) (PP-CLR to (NP individual investors))))) .)) (TOP (S (PP-LOC In (NP (NP his climb) (PP to (NP the top)))) , (NP-SBJ Mr. Dozen) (ADVP also) (VP headed (NP (NP (NP the company 's) stock-exchange division) , (NP its fixed-income units) and (NP its international operations))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ He) (VP was (ADVP constantly) (VP picking (PRT up) (NP (NP new things) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP fill (PRT out) (NP his experience))))))))) ; (S (NP-SBJ he) (VP is (ADJP-PRD very well-balanced)))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Takuro Isoda) , (NP (NP chairman) (PP of (NP (NP (NP Daiwa 's) U.S. unit) (PP-LOC in (NP New York)))))) .)) (TOP (X-CLF But (NP-SBJ it) (NP-PRD (NP (NP Mr. Dozen 's) experience) (PP as (NP a salesman))) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP enabled (S (NP-SBJ him) (VP to (VP gain (NP (NP the political support) -- (PP (ADVP particularly) from (NP the retail sales force)) -- (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP accede (PP-CLR to (NP the presidency)) (ADVP *T*-1)))))))))))) .)) (TOP (S (NP-SBJ (NP Commission income) (PP from (NP domestic stock and bond sales accounts))) (VP form (NP (NP a large portion) (PP of (NP (NP Japanese securities companies ') earnings)))) .)) (TOP (SINV (S-TPC-2 And (NP-SBJ (NP anybody) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP lacked (NP (NP the backing) (PP of (NP the retail sales force))))))) `` (VP would (VP be (ADJP-PRD fragile)))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ a Daiwa executive) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ Mr. Dozen) (VP has (NP a weakness)))) , (NP-SBJ it) (VP may (VP be (NP-PRD his golf game))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 He) (VP digs (PP-LOC-CLR in (NP the sand)) (PP instead of (S-NOM (NP-SBJ *-1) (VP hitting (NP the ball)))) , (PP-MNR like (NP a farmer)))) , '' (VP said (S *T*-2)) (NP-SBJ Mr. Yoneyama) .)) (TOP (S (NP-SBJ Inco Ltd.) (VP posted (NP (NP a (ADJP 35 %) decline) (PP-LOC in (NP third-quarter net income)) , (NP (NP a performance) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (PP-PRD in (NP (NP line) (PP with (NP (NP analysts ') expectations)))))))))) .)) (TOP (S (NP-SBJ The nickel producer) (ADVP also) (VP (VP raised (NP its quarterly dividend) (PP-DIR to (NP (NP 25 cents) (NP-ADV a share))) (PP-DIR from (NP 20 cents))) and (VP said (SBAR 0 (S (NP-SBJ it) (VP may (VP buy (PRT back) (NP (NP (QP as much as 4.8) %) (PP of (NP its common outstanding))))))))) .)) (TOP (S (NP-SBJ Inco shares) (VP fell (PP-TMP after (NP the announcements))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ some investors) (VP were (ADJP-PRD disappointed (SBAR that (S (NP-SBJ-1 the cash-rich company) (VP had (VP failed (S (NP-SBJ *-1) (VP to (VP announce (NP a special dividend))))))))))))) .)) (TOP (S (NP-SBJ Inco) (VP closed (PP-CLR at (NP (NP $ 31.125 *U*) (NP-ADV a share))) , (ADVP-CLR down (NP 62.5 cents)) , (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (S (NP-SBJ Some analysts) (VP said (SBAR 0 (S (NP-SBJ (NP Inco) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP (NP cash reserves) (PP of (NP (QP $ 272 million) *U*))) (PP-TMP as (PP of (NP Sept. 30)))))) ,) (VP could (ADVP still) (VP announce (NP a special dividend) (PP-TMP in (NP the next few months)) , (SBAR-ADV though (S (NP-SBJ it) (VP would (VP be (ADJP-PRD smaller (PP than (NP (NP the (ADJP $ 10-a-share) special dividend) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP paid (NP *T*-2) (NP-TMP last year)))))))))))))))) .)) (TOP (S (NP-SBJ The quarterly dividend) (VP is (ADJP-PRD payable (NP-TMP Dec. 1) (PP to (NP (NP shares) (PP of (NP record)) (NP-TMP Nov. 3))))) .)) (TOP (S (NP-SBJ (NP Inco 's) net) (VP fell (PP-DIR to (NP (NP (QP $ 129.3 million) *U*) , or (NP (NP $ 1.23 *U*) (NP-ADV a share)) ,) (PP-TMP in (NP the third quarter))) (PP-DIR from (NP (NP (QP $ 200.3 million) *U*) , or (NP (NP $ 1.88 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 8.2 %) (PP-DIR to (NP (QP $ 848.7 million) *U*)) (PP-DIR from (NP (QP $ 784.5 million) *U*))) .)) (TOP (S (PP Excluding (NP (NP special gains) (PP from (NP tax-loss carry-forwards)))) , (NP-SBJ (NP earnings) (PP-TMP in (NP the latest quarter))) (VP were (NP-PRD (NP (NP (QP $ 117.7 million) *U*) , or (NP (NP $ 1.12 *U*) (NP-ADV a share))) , (PP compared (PP with (NP (NP (QP $ 187.4 million) *U*) , or (NP (NP $ 1.76 *U*) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ Inco) (VP said (SBAR 0 (S (NP-SBJ (NP the drop) (PP-LOC in (NP earnings))) (VP resulted (PP-CLR (ADVP mainly) from (NP (NP (NP lower nickel prices) (PP for (NP the period))) and (NP (NP a temporary cut) (PP-LOC in (NP nickel output)) (PP-LOC at (NP (NP the company 's) Manitoba operations)) (PP-PRP due to (NP (NP high levels) (PP of (NP arsenic)) (PP-LOC in (NP the ore))))))))))) .)) (TOP (S (NP-SBJ Inco) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP buy (PRT back) (NP (QP as many as five million) common shares) (PP-TMP over (NP the next 12 months)) (SBAR-ADV if (S (NP-SBJ nickel market conditions) (VP are (ADJP-PRD favorable))))))))))) .)) (TOP (S (PP-LOC Under (NP a previous buyback program)) , (NP-SBJ Inco) (VP has (VP purchased (NP (NP 1.7 million) (PP of (NP its shares))) (PP-TMP since (NP April)))) .)) (TOP (S (NP-SBJ-1 (NP UAL Corp. 's) board) (VP quashed (NP (NP any prospects) (PP for (NP (NP an immediate revival) (PP of (NP a labor-management buy-out))))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ (NP United Airlines ') parent) (VP should (VP remain (ADJP-PRD independent) (PP-TMP for (NP now))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ-1 (NP (NP UAL 's) chairman) , (NP Stephen M. Wolf) ,) (VP pulled (PP-CLR out (PP of (NP the buy-out effort))) (S-PRP (NP-SBJ-2 *-1) (VP to (VP focus (PP-CLR on (S-NOM (NP-SBJ *-2) (VP running (NP the company)))))))) .)) (TOP (S (NP-SBJ The two developments) (VP (VP put (NP the acquisition attempt) (ADVP-PUT back (PP to (NP square one)))) and (VP leaves (NP the airline) (PP-CLR with (NP (NP an array) (PP of (NP unresolved matters)) , (PP including (NP (NP an unsettled labor situation) and (NP (NP a management) (VP scrambling (S-CLR (NP-SBJ *) (VP to (VP restore (NP its damaged credibility)))))))))))) .)) (TOP (S (NP-SBJ-1 The effort (S (NP-SBJ *) (VP to (VP create (NP (NP the nation 's) largest employee-owned company))))) (VP began (S (NP-SBJ *-1) (VP unraveling)) (NP-TMP Oct. 13) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-3 the labor-management group) (VP was (ADJP-PRD unable (S (NP-SBJ *-3) (VP to (VP obtain (NP (NP financing) (PP for (NP its (ADJP $ 300-a-share) , (ADJP (QP $ 6.79 billion) *U*) offer))))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (NP-TMP Just last week) (NP-SBJ it) (VP suffered (NP another major setback) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP British Airways PLC) , (NP (NP the largest equity investor) (PP-LOC in (NP the labor-management bid))) ,) (VP withdrew (NP its support) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ-1 Takeover stock traders) , (S-ADV (NP-SBJ *-1) (VP focusing (PP-CLR on (NP (NP the company 's) intention (S (NP-SBJ *) (VP to (VP stay (ADJP-PRD independent)))))))) , (VP took (NP the announcement) (PP-CLR as (NP bad news))) .)) (TOP (S (NP-SBJ (NP UAL) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP risen (NP-EXT $ 9.875 *U*) (PP-DIR to (NP $ 178.375 *U*)) (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) (PP on (NP (NP reports) (PP of (S-NOM (NP-SBJ-2 a new bid) (VP being (VP prepared (NP *-2) (PP by (NP-LGS the group)))))))))))) ,) (VP (VP reversed (NP course)) and (VP plummeted (PP-LOC in (NP off-exchange trading)) (PP-TMP after (NP the 5:09 p.m. EDT announcement)))) .)) (TOP (SINV (PP-LOC-PRD-TPC-3 Among (NP (NP the first trades) (VP reported (NP *) (PP by (NP-LGS (NP the securities firm) (PP of (NP Jefferies & Co.)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP makes (NP (NP a market) (PP in (NP UAL))) (SBAR-TMP after (S (NP-SBJ-1 the exchange) (VP is (VP closed (NP *-1)))))))) ,))))) (VP were (PP-LOC-PRD *T*-3)) (NP-SBJ (NP (NP 10,000 shares) (PP-LOC at (NP $ 170 *U*))) , (NP (NP 6,000 shares) (PP-LOC at (NP $ 162 *U*))) , (NP (NP 2,500) (PP-LOC at (NP $ 162 *U*))) , and (NP (NP 10,000) (PP-LOC at (NP $ 158 *U*)))) .)) (TOP (S (NP-SBJ (NP The rebound) (PP-LOC in (NP UAL stock)) (PP-TMP during (NP (NP regular trading hours) (NP Monday)))) (VP was (NP-PRD (NP its first daily gain) (SBAR-TMP after (S (NP-SBJ six consecutive losses) (VP left (NP the price) (PP-LOC (NP-EXT 41 %) below (NP (NP its level) (PP-TMP before (NP (NP Oct. 13) , (NP (NP the day) (SBAR (WHADVP-2 0) (S (NP-SBJ the group) (VP announced (SBAR 0 (S (NP-SBJ-1 the bank financing) (VP could n't (VP be (VP obtained (NP *-1) (PP-CLR for (NP the original deal))))))) (ADVP-TMP *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Twelve) (PP of (NP (NP UAL 's) outside directors))) (VP met (PP-LOC at (NP a five-hour meeting)) (NP-TMP yesterday) (PP-LOC in (NP Chicago)) (S-PRP (NP-SBJ *-1) (VP to (VP consider (NP (NP an informal proposal) (PP from (NP the buy-out group)) (PP for (NP a revised bid))))))) .)) (TOP (S But (NP-SBJ the board) (VP said (SBAR 0 (S (NP-SBJ it) (VP was n't (ADJP-PRD interested) (PP-TMP for (NP now)))))) .)) (TOP (S (NP-SBJ-1 (NP That proposal) , (VP valued (NP *) (PP-CLR at (NP (NP (QP between $ 225 and $ 240) *U*) (NP-ADV a share)))) ,) (VP would (VP have (VP transferred (NP majority ownership) (PP-CLR to (NP employees)) (SBAR-ADV while (S (NP-SBJ *-1) (VP leaving (NP some stock) (PP-LOC-CLR in (NP public hands)))))))) .)) (TOP (S (NP-SBJ The buy-out group) (VP had (NP (NP no firm financing) (PP for (NP the plan)))) .)) (TOP (S And , (PP with (NP (NP no other offers) (PP on (NP the table)))) , (NP-SBJ the board) (ADVP apparently) (VP felt (NP-PRD no pressure (S (NP-SBJ *) (VP to (VP act (PP-CLR on (NP it))))))) .)) (TOP (S (NP-SBJ-3 The directors) (VP signaled , (ADVP however) , (SBAR that (S (NP-SBJ-1 they) (VP would (VP be (ADJP-PRD willing (S (NP-SBJ-2 *-1) (VP to (VP (VP consider (NP future offers)) or (VP take (NP some other action)) (S-PRP (NP-SBJ *-2) (VP to (VP maximize (NP shareholder value)))))))))))) , (S-ADV (NP-SBJ *-3) (VP saying (SBAR 0 (S (NP-SBJ-4 they) (VP would (VP continue (S (NP-SBJ *-4) (VP to (VP explore `` (NP all (ADJP strategic and financial) alternatives))))))))))) . '')) (TOP (S But (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP was (ADJP-PRD clear) (SBAR-1 that (S (PP-TMP for (NP the time being)) , (NP-SBJ the board) (VP wants (S (NP-SBJ the company) (VP to (VP return (PP-DIR to (NP normalcy))))))))) .)) (TOP (S (NP-SBJ The board) (VP said (SBAR 0 (S (NP-SBJ it) (VP concluded (SBAR that (S `` (NP-SBJ-1 (NP the welfare) (PP of (NP (NP the company) , (NP its shareholders) , (NP its employees) and (NP the broader public)))) ... (VP can (ADVP best) (VP be (VP enhanced (NP *-1) (PP by (NP-LGS (NP continued development) (PP of (NP UAL)) (PP as (NP a strong , viable , independent company))))))) . '')))))))) (TOP (S (NP-SBJ Mr. Wolf) (VP urged (NP-1 all employees) (S (NP-SBJ-2 *-1) (VP to `` (ADVP-TMP now) (VP turn (NP their full attention) '' (PP-CLR to (S-NOM (NP-SBJ *-2) (VP operating (NP the airline)))))))) .)) (TOP (S (NP-SBJ-3 He) (ADVP also) (VP vowed (S (NP-SBJ *-3) (VP to `` (VP make (NP every effort (S (NP-SBJ *) (VP to (VP nurture ... (NP (NP a constructive new relationship) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP forged (NP *-1) (PP-CLR with (NP participating employee groups)))))))))))))))) . '')) (TOP (S But (NP-SBJ-1 Mr. Wolf) (VP faces (NP a monumental task) (PP-LOC in (S-NOM (NP-SBJ *-1) (VP pulling (NP the company) (ADVP-CLR back together) (ADVP again))))) .)) (TOP (S (NP-SBJ Labor problems) (VP top (NP the list)) .)) (TOP (S (PP-TMP For (NP a brief time)) , (NP-SBJ-1 the buy-out effort) (VP seemed (S (NP-SBJ *-1) (VP to (VP solve (NP (NP his problems) (PP with (NP (NP United 's) pilot union))))))) .)) (TOP (S (PP In (NP (NP return) (PP for (NP (NP an ownership stake) (PP-LOC in (NP the company)))))) , (NP-SBJ-3 the pilots) (VP were (ADJP-PRD willing (S (NP-SBJ *-3) (VP to (VP agree (PP-CLR to (NP (NP a seven-year contract) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP included (NP (NP a no-strike clause) and (NP (NP significant wage concessions and productivity gains) (SBAR (WHNP-2 0) (S (NP-SBJ the union) (ADVP-TMP previously) (VP resisted (NP *T*-2)))))))))))))))) .)) (TOP (S (NP-SBJ-1 That contract) (VP was (VP tied (NP *-1) (PP-CLR to (NP (NP the success) (PP of (NP the buy-out)))))) .)) (TOP (S (PP As (NP a `` good-will measure , '')) (NP-SBJ-1 the pilots) (VP (VP had (VP been (VP working (NP (NP four extra hours) (NP-ADV a month))))) and (VP had (VP agreed (S (NP-SBJ *-1) (VP to (VP fly (NP (NP UAL 's) two new Boeing 747-400 aircraft))))))) .)) (TOP (S (NP-SBJ It) (VP 's (ADJP-PRD uncertain (SBAR if (S (NP-SBJ-1 the pilots) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP do (ADVP so) (PP without (NP a contract settlement))))))))))) .)) (TOP (S (NP-SBJ The union) (VP said (NP-TMP late last night) (SBAR (SBAR that (S (NP-SBJ it) (VP is (ADVP still) (ADJP-PRD committed (PP to (NP majority employee ownership)))))) and (SBAR that (S (NP-SBJ-3 (NP the labor disputes) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP faced (NP the company) (ADVP-TMP prior (PP to (NP the buy-out effort))))))) `` (ADVP still) (VP need (S (NP-SBJ-1 *-3) (VP to (VP be (VP addressed (NP *-1)))))))))) . '')) (TOP (S (NP-SBJ The buy-out effort) (ADVP also) (VP worsened (NP (NP already-strained relations) (PP between (NP (NP United 's) pilot and machinist unions)))) .)) (TOP (S (NP-SBJ-1 (NP (NP (NP The machinists ') criticisms) (PP of (NP the labor-management bid))) and (NP (NP their threats) (PP of (NP (NP a strike) (SBAR-ADV unless (S (NP-SBJ they) (VP received (NP substantial wage increases) (NP-TMP this year)))))))) (VP helped (S (NP-SBJ *-1) (VP cool (NP (NP banks ') interest (PP in (S-NOM (NP-SBJ *) (VP financing (NP the transaction)))))))) .)) (TOP (S (S (NP-SBJ The machinists) (ADVP-TMP previously) (VP had (VP shown (S (NP-SBJ themselves) (VP to (VP be (NP-PRD (NP an ally) (PP to (NP Mr. Wolf))))))))) , but (S (NP-SBJ he) (VP lost (NP (NP much) (PP of (NP (NP his credibility) (PP with (NP that group))))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP teamed (PRT up) (PP-CLR with (NP the pilot union)) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ The machinists) (VP criticized (NP (NP the terms) (SBAR (WHNP-1 0) (S (NP-SBJ (NP Mr. Wolf) and (NP management)) (VP received (NP *T*-1) (PP-LOC in (NP the buy-out))))))) .)) (TOP (S (NP-SBJ They) (VP (VP paid (NP (QP $ 15 million) *U*) (PP-CLR for (NP a (ADJP 1 %) stake))) and (VP received (NP (NP an additional 9 %) (PP of (NP the company))) (PP-CLR at (NP no additional cost)))) .)) (TOP (S (NP-SBJ His credibility) (VP is (ADVP also) (PP-PRD on (NP the line)) (PP-LOC in (NP the investment community))) .)) (TOP (S (PP-TMP Until (NP (NP the collapse) (PP of (NP this bid)))) , (NP-SBJ-1 Mr. Wolf) (VP was (VP regarded (NP *-1) (PP-CLR as (NP (NP one) (PP of (NP (NP the nation 's) savviest airline executives)))) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP engineering (NP (NP turnarounds) (PP of (NP (NP Tiger International Inc.) and (NP Republic Airlines))))))))) .)) (TOP (S But (NP-SBJ-1 (NP he) and (NP (NP his (ADJP chief financial) officer) , (NP John Pope) ,)) (VP sowed (NP (NP some) (PP of (NP (NP the seeds) (PP for (NP (NP the deal 's) failure))))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP insisting (SBAR 0 (S (NP-SBJ banks) (VP accept (NP low financing fees and interest rates) , (SBAR-ADV while (S (NP-SBJ they) (VP invested (PP-CLR in (NP the transaction)) (NP (NP only a small fraction) (PP of (NP (NP the (QP $ 114.3 million) *U*) (SBAR (WHNP-2 0) (S (NP-SBJ-3 they) (VP stood (S (NP-SBJ *-3) (VP to (VP gain (NP *T*-2) (PP-CLR from (NP (NP sale) (PP of (NP their UAL stock and options))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The board 's) actions) (VP leave (S (NP-SBJ-2 takeover stock traders) (UCP-PRD (VP nursing (NP (NP (QP some $ 700 million) *U*) (PP in (NP losses)))) and (ADJP-PRD eager (S (NP-SBJ *-2) (VP to (VP respond (PP-CLR to (NP (NP anyone) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP might (VP make (NP a new offer)))))))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (ADVP inevitably) (VP leaves (NP (NP a residue) (PP of (NP shareholder lawsuits)))) .)) (TOP (S (NP-SBJ Arbitragers) (VP said (SBAR 0 (S (NP-SBJ they) (VP were (ADJP-PRD disappointed (SBAR 0 (S (NP-SBJ the company) (VP did n't (VP announce (NP (NP some recapitalization) or (NP other plan (S (NP-SBJ *) (VP to (VP maximize (NP value))))))))))))))) .)) (TOP (S (NP-SBJ One takeover expert) (VP noted (SBAR that (S (NP-SBJ arbitragers) (VP could (VP force (NP a recapitalization) (PP-MNR through (NP (NP the written consent process) (SBAR (WHPP-1 under (WHNP which)) (S (NP-SBJ holders) (VP may (VP oust (NP the board) (PP-MNR by (NP a majority vote)) (PP-LOC *T*-1)))))))))))) .)) (TOP (S (NP-SBJ The machinists union) (VP has (VP suggested (SBAR 0 (S (NP-SBJ it) (VP may (VP propose (NP (NP a recapitalization) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (NP (NP (NP a special dividend) (PP for (NP holders))) and (NP (NP a minority ownership stake) (PP for (NP employees)))))))))))))) .)) (TOP (S (NP-SBJ (NP Los Angeles investor Marvin Davis) , (SBAR (WHNP-1 (WHNP whose (ADJP $ 240-a-share) offer) (PP for (NP UAL)) (PP-TMP in (NP August))) (S (NP-SBJ *T*-1) (VP triggered (NP a bidding war)))) ,) (VP says (SBAR 0 (S (NP-SBJ he) (VP remains (ADJP-PRD interested (PP in (NP the airline))))))) .)) (TOP (S (ADVP However) , (NP-SBJ-1 he) (VP is (VP restricted (NP-3 *-1) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP making (NP certain hostile moves)))) (PP by (NP-LGS (NP an agreement) (SBAR (WHNP-2 0) (S (NP-SBJ-4 he) (VP signed (NP *T*-2) (S-PRP (NP-SBJ *-4) (VP to (VP obtain (NP confidential UAL data))))))))))) .)) (TOP (S (ADVP Essentially) , (NP-SBJ he) (VP ca n't (VP make (NP any hostile moves) (SBAR-ADV unless (S (NP-SBJ he) (VP makes (NP (NP a tender offer) (NP (NP (QP at least $ 300) *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ Tandy Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP wo n't (VP join (NP (NP U.S. Memories) , (NP (NP the group) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP seeks (S (NP-SBJ *-2) (VP to (VP battle (NP the Japanese) (PP-LOC in (NP (NP the market) (PP for (NP computer memory chips))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Tandy 's) decision) (VP is (NP-PRD (NP a second setback) (PP for (NP U.S. Memories)))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ Apple Computer Inc.) (VP said (SBAR that (S (NP-SBJ it) (VP would n't (VP invest (PP-CLR in (NP the group))))))) .)) (TOP (S (NP-SBJ Apple) (VP said (SBAR that (S (NP-SBJ-1 its money) (VP would (VP be (ADVP better) (VP spent (NP *-1) (PP-LOC-CLR in (NP (NP areas) (PP such as (NP research and development)))))))))) .)) (TOP (S (NP-SBJ U.S. Memories) (VP is (VP seeking (NP (NP major investors) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP back (NP its attempt (S (NP-SBJ *) (VP to (VP crack (NP (NP (NP the (ADJP (QP $ 10 billion) *U*) market) (PP for (NP dynamic random access memory chips))) , (NP (NP a market) (VP dominated (NP *) (PP by (NP-LGS the Japanese)))))))))))))))) .)) (TOP (S (NP-SBJ Those chips) (VP were (PP-PRD in (NP dire shortage)) (NP-TMP last year) , (S-ADV (NP-SBJ *) (VP hurting (NP (NP many U.S. computer companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could n't (VP get (NP sufficient Japanese-supplied chips))))))))) .)) (TOP (S (NP-SBJ Tandy) (VP said (SBAR 0 (S (NP-SBJ (NP its experience) (PP-TMP during (NP the shortage))) (VP did n't (VP merit (NP (NP the (ADJP (QP $ 5 million to $ 50 million) *U*) investment) (SBAR (WHNP-1 0) (S (NP-SBJ U.S. Memories) (VP is (VP seeking (NP *T*-1) (PP-CLR from (NP each investor)))))))))))) .)) (TOP (SINV `` (S-TPC-3 (PP-TMP At (NP this time)) , (NP-SBJ-1 we) (VP elected (S (NP-SBJ *-1) not (VP to (VP get (VP involved)))) (SBAR-PRP because (S (NP-SBJ-2 we) (VP have (VP been (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP satisfy (NP (NP our need) -LCB- (PP for (NP DRAMs)) -RCB-) (PP from (NP the market)) (PP as (NP a rule)))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Ed Juge) , (NP (NP (NP Tandy 's) director) (PP of (NP market planning)))) .)) (TOP (S (NP-SBJ (NP Sanford Kane) , (NP U.S. Memories president) ,) (VP said (SBAR 0 (S (NP-SBJ the decision) (VP (VP was `` (ADJP-PRD disappointing)) , '' but (VP does n't (VP presage (NP (NP U.S. Memories ') failure))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 I) (VP would (VP like (S (NP-SBJ *-2) (VP to (VP have (VP had (NP them)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S But `` (NP-SBJ they) (VP were n't (PP-LOC-PRD on (NP (NP my list) (PP of (NP (NP companies) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP were (ADJP-PRD critical (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP a part) (PP of (NP it))))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Kane) (VP became (NP-PRD (NP (NP president) and (NP chief executive officer)) (PP of (NP U.S. Memories))) (NP-TMP (NP last June) , (SBAR (WHADVP-2 when) (S (NP-SBJ-1 the group) (VP was (VP formed (NP *-1) (PP by (NP-LGS (NP seven electronics companies) : (NP (NP Advanced Micro Devices Inc.) , (NP Digital Equipment Corp.) ; (NP Hewlett-Packard Co.) ; (NP Intel Corp.) ; (NP International Business Machines Corp.) ; (NP LSI Logic Corp.) and (NP National Semiconductor Corp)))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ Mr. Kane) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ (QP two or three) major corporations) (VP to (VP announce (NP (NP their participation) (PP in (NP U.S. Memories))) (SBAR-TMP soon after (S (NP-SBJ the group) (VP finishes (NP a business plan) , (NP-TMP (ADVP probably) late this week))))))))))) .)) (TOP (S-2 (NP-SBJ U.S. Memories) (VP needs (NP (NP a catalyst) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP inspire (S (NP-SBJ others) (VP to (VP join))))))))) .)) (TOP (S But (ADVP-TMP so far) , (NP-SBJ most potential participants) (VP have n't (VP decided)) .)) (TOP (S (NP-SBJ Sun Microsystems Inc.) (VP said (S (NP-SBJ-1 it) (VP (VP 's (ADVP still) (ADVP-MNR actively) (VP evaluating (NP U.S. Memories))) and (VP plans (S (NP-SBJ *-1) (VP to (VP meet (PP-CLR with (NP U.S. Memories representatives)) (NP-TMP later this week)))))))) .)) (TOP (S (NP-SBJ American Telephone & Telegraph Co.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP waiting (S (NP-SBJ *-1) (VP to (VP see (NP (NP U.S. Memories ') business plan))))))))) .)) (TOP (S (NP-SBJ Personal-computer maker AST Research Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (ADVP still) (VP studying (NP the situation)))))) .)) (TOP (S (NP-SBJ A Compaq Computer Corp. spokeswoman) (VP said (SBAR that (S (NP-SBJ the company) (VP has n't (VP made (NP a decision) (ADVP yet) , (SBAR-ADV although `` (S (NP-SBJ it) (VP is n't (PP-PRD under (NP active consideration)))))))))) .)) (TOP (S (PP-LOC In (NP a startling turnabout)) , (NP-SBJ (NP Members) (PP of (NP the Senate Intelligence Committee))) (VP are (VP complaining (SBAR that (S (NP-SBJ (NP someone) (PP-LOC in (NP the executive branch))) (VP is (VP leaking (PP-CLR on (NP them)))))))) .)) (TOP (S (NP-SBJ (NP David Boren) , (NP the Intelligence Committee chairman) ,) (VP is (ADJP-PRD upset (SBAR that (S (NP-SBJ someone) (VP leaked (NP (NP a letter) (PP to (NP the committee)) (PP from (NP the Reagan administration)) (VP suggesting (SBAR that (S (NP-SBJ-2 the U.S.) (VP would (VP undertake (S (NP-SBJ *-2) (VP to (VP warn (NP Panamanian thug Manuel Noriega)))) (SBAR-ADV if (S (NP-SBJ it) (VP got (NP-CLR wind) (PP-CLR of (NP (NP an impending coup) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP result (PP-CLR in (NP his assassination)))))))))))))))))))))) .)) (TOP (S (PP With (NP (NP due respect) (PP to (NP `` (NP highly classified correspondence) '' and (NP other buzzwords))))) , (NP-SBJ the leakers) (VP are (VP performing (NP a public service))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the CIA) (VP has (VP become (NP-PRD (NP a protection service) (PP for (NP Mr. Noriega))))))) , (NP-SBJ-1 the American people) (VP ought (S (NP-SBJ *-1) (VP to (VP know)))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP went (ADJP-PRD wrong) (PP-LOC in (NP Panama))))) (VP is (NP-PRD (NP a fitting subject) (PP for (NP (ADJP public and congressional) inquiry)))) .)) (TOP (S (ADVP Naturally) , (NP-SBJ-2 (NP Senator Boren) and (NP his committee)) (VP would (VP like (NP (NP free rein) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP blame (NP the executive branch) (ADVP *T*-1)))))) (SBAR-TMP while (S (NP-SBJ *-2) (VP stamping `` (NP top secret) '' (PP-CLR on (NP their own complicity))))))) .)) (TOP (S But (NP-SBJ there) (VP 's (NP-PRD (NP no danger) (PP of (S-NOM (NP-SBJ *) (VP exposing (NP sources and methods))))) (PP-LOC in (S-NOM (NP-SBJ *) (VP disclosing (NP (NP the debate) (VP running (PP-DIR up and down (NP Pennsylvania Avenue)))))))) .)) (TOP (S And (SBAR-ADV if (S (NP-SBJ-1 Congress) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP assume (NP (NP authority) (PP to (NP micromanage foreign policy)))))))))) , (NP-SBJ-2 it) (VP 's (VP going (S (NP-SBJ-3 *-2) (VP to (VP have (S (NP-SBJ *-3) (VP to (VP take (NP (NP some) (PP of (NP the responsibility))))))))) (ADVP too))) .)) (TOP (S (NP-SBJ (NP The President) (PP of (NP the United States))) (VP urged (NP-1 the (ADJP Panamanian armed) forces) (S (NP-SBJ *-1) (VP to (VP move (PP-CLR against (NP Mr. Noriega)))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ they) (VP did (VP *?* (ADVP-TMP *T*-1))))) , (NP-SBJ his commanders) (VP did n't (VP have (NP (NP the initiative) (SBAR (WHADVP-2 0) (S (NP-SBJ-3 *) (VP to (VP do (NP (NP more) (SBAR than (S (NP-SBJ *-3) (VP block (NP (NP a couple) (PP of (NP roads))))))) (ADVP *T*-2)))))))) .)) (TOP (S (NP-SBJ The executive branch) (VP bears (NP (NP the first responsibility) (PP for (NP timidity)))) .)) (TOP (SBARQ But (WHNP-1 (WHNP what kind) (PP of (NP initiative))) (SQ can (NP-SBJ you) (VP expect (NP *T*-1) (PP given (NP (NP the climate) (VP set (NP *) (PP by (NP-LGS Congress))))))) ?)) (TOP (SBARQ (PP For (NP example)) , (WHNP-1 what exactly) (SQ did (NP-SBJ the CIA) (VP tell (NP (NP Major Giroldi) and (NP his fellow coup plotters)) (NP *T*-1) (PP-CLR about (NP (NP (NP U.S. laws) and (NP executive orders)) (PP on (NP assassinations)))))) ?)) (TOP (SBARQ (WHNP-1 What part) (SQ did (NP-SBJ U.S. warnings) (VP play (NP *T*-1) (PP-LOC in (NP (NP the major 's) unwillingness (S (NP-SBJ *) (VP to (VP pull (NP the trigger)))))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ he) (VP (VP had (NP General Noriega) (PP-CLR in (NP custody))) , but (VP was (PP-PRD under (NP (NP attack) (PP by (NP pro-Noriega troops))))) (ADVP-TMP *T*-2)))))) ?)) (TOP (S (NP-SBJ Mr. Noriega) (VP did n't (VP suffer (PP-CLR from (NP any hesitation)) (SBAR-TMP once (S (NP-SBJ he) (VP had (NP the pistol)))))) .)) (TOP (S (ADVP Maybe) (NP-SBJ we) (VP need (NP (NP (NP a CIA version) (PP of (NP the Miranda warning))) : (S (NP-SBJ You) (VP have (NP the right (S (NP-SBJ *) (VP to (VP conceal (NP your coup intentions))))) , (SBAR-PRP because (S (NP-SBJ we) (VP may (VP rat (PP-CLR on (NP you)))))))))) .)) (TOP (FRAG Or (ADVP maybe) (NP (NP a (NP Surgeon General 's) warning) : (S (S-NOM-SBJ (NP-SBJ *) (VP Confiding (PP-CLR in (NP the United States)))) (VP may (VP be (ADJP-PRD fatal))))) .)) (TOP (S (NP-SBJ-1 (NP CIA chief William Webster) , (RRC (ADVP hardly) (NP a Washington malcontent)) ,) (VP got (S (NP-SBJ the debate) (VP started)) (NP-TMP last week) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP noting (SBAR that (S (NP-SBJ (NP the executive order) (VP banning (NP assassinations))) (VP had (VP contributed (PP-CLR to (NP U.S. paralysis)) (PP-TMP during (NP the coup)))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP (NP The CIA 's) Deputy Director) (PP of (NP Operations))) , (NP Richard Stoltz) ,) (VP (VP tried (S (NP-SBJ *-1) (VP to (VP smooth (NP things) (PRT over) (ADVP-TMP (NP a few days) later))))) , but (VP (ADVP instead) (ADVP simply) underlined (NP (NP Mr. Webster 's) point))) .)) (TOP (S-2 (NP-SBJ (NP `` (NP The interpretation) '' (PP of (NP the executive order))) (PRN , (S (NP-SBJ Mr. Stoltz) (VP said (SBAR 0 (S *T*-2)))) ,) `` and (NP (NP the way) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ the various committees) (VP have (PP-TMP over (NP time)) (VP interpreted (NP it) (PP-MNR *T*-1)))))) ,) (VP has (VP led (PP in (NP my view)) (PP-DIR to (NP (NP a proper caution) (PP on (NP (NP the part) (PP of (NP (NP operators) , (PP including (NP me)))))))))) . '')) (TOP (S (PP In (NP other words)) , (S (NP-SBJ Congress) (VP wo n't (VP let (S (NP-SBJ the CIA) (VP do (NP (NP much) (PP of (NP anything))))) (ADVP-TMP anymore)))) , and (S (NP-SBJ that) (VP 's (ADJP-PRD fine (PP with (NP the CIA))))) .)) (TOP (S (S (NP-SBJ The pay) (VP 's (NP-PRD the same))) , and (S (NP-SBJ the duty) (VP 's (ADJP-PRD lighter))) .)) (TOP (S And (PP of (NP course)) , (S-NOM-SBJ (NP-SBJ *) (VP doing (NP (NP anything) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP might (VP be (VP second-guessed (NP *-1) (PP by (NP-LGS Congress)))))))))) (VP carries (NP heavy penalties)) .)) (TOP (S (NP-SBJ *) (VP Witness (NP (NP the Walsh prosecution) (PP of (NP Ollie North)))) .)) (TOP (S (NP-SBJ-1 (NP (NP The Intelligence Committee 's) ranking Republican) , (NP Senator William Cohen) ,) (VP joined (PP-CLR with (NP Senator George Mitchell)) (S-CLR (NP-SBJ *-1) (VP to (VP write (NP (NP a best seller) (PP about (NP Iran-Contra)) , (VP deploring `` (NP (NP Men) (PP of (NP Zeal))))))))) . '')) (TOP (S (NP-ADV No doubt) (NP-SBJ (NP many people) (PP-LOC in (NP (NP the CIA) , (NP the Pentagon) and (NP the National Security Council)))) (VP have (VP read (NP it))) .)) (TOP (SBARQ (WHNP-3 (WHNP What kind) (PP of (NP initiative))) (SQ should (NP-SBJ anyone) (VP expect (NP *T*-3) (PP-CLR from (NP (NP people) (PP-LOC out (PP on (NP the line))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP 've (VP read (NP all this))) and (VP know (SBAR (WHNP-2 what) (S (NP-SBJ *T*-2) (VP can (VP happen (SBAR-ADV if (S (NP-SBJ they) (VP fail))))))))))))))) ?)) (TOP (SBARQ (WHNP-1 Who) (SQ (NP-SBJ-2 *T*-1) (VP wants (S (NP-SBJ *-2) (VP to (VP end (PRT up) (PP-CLR as (NP (NP the protagonist) (PP-LOC in (NP a Bill Cohen morality play))))))))) ?)) (TOP (S (NP-SBJ (NP The order) (PP against (NP assassinations))) (VP is (NP-PRD (NP another artifact) (PP of (NP (NP the same congressional mind-set) , (NP (NP a product) (PP of (NP (NP the 1970s Vietnam syndrome) (PP against (NP any executive action))))))))) .)) (TOP (S (NP-SBJ-1 President Bush) (VP would (VP do (NP-BNF (NP himself) and (NP the country)) (NP a favor) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP rescinding (NP the order) (PP-CLR as (NP (NP an ambiguous intrusion) (PP on (NP his ability (S (NP-SBJ *) (VP to (VP defend (NP (NP America 's) national security))))))))))))) .)) (TOP (S (S (NP-SBJ There) (VP are (PP of (NP course)) (NP-PRD (NP good reasons) (SBAR (WHADVP-1 0) (S (NP-SBJ the U.S.) (VP should n't (VP get (PP-CLR into (NP the assassination business)) (ADVP-PRP *T*-1)))))))) , but (S (S-NOM-SBJ (NP-SBJ *) (VP rescinding (NP the executive order))) (VP is not (NP-PRD (NP the same thing) (PP as (S-NOM (NP-SBJ *) (VP saying (SBAR 0 (S (NP-SBJ-2 the U.S.) (VP should (VP start (S (NP-SBJ *-2) (VP passing (PRT out) (NP exploding cigars))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ The world) (VP being (NP-PRD (NP the nasty place) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP is (NP-PRD *T*-1))))))) , (NP-SBJ we) (VP want (S (NP-SBJ Presidents) (VP to (VP have (NP (NP the freedom) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP order (NP (NP operations) (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ-4 someone) (VP might (VP get (VP killed (NP *-4) (PP-LOC *T*-3))))))) (ADVP *T*-2)))))))))) .)) (TOP (S (PP-LOC In (NP such situations)) , (S (NP-SBJ you) (VP can not (VP write (NP rules) (PP-TMP in (NP advance))))) , (S (NP-SBJ you) (VP can (ADVP only) (VP make (ADJP sure (SBAR 0 (S (NP-SBJ the President) (VP takes (NP the responsibility)))))))) .)) (TOP (S (NP-SBJ (NP The executive order) and (NP (NP the reported agreements) (PP with (NP the Intelligence Committee)))) (VP are (ADJP-PRD neither sensible nor moral)) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ it) (ADVP-TMP now) (VP stands))) , (NP-SBJ the U.S.) (VP (VP can (VP bomb (NP Tripoli))) , but (VP ca n't (VP `` assassinate '' (NP Colonel Gadhafi)))) .)) (TOP (S (NP-SBJ It) (VP (VP can (VP send (NP-1 a fighter squadron) (S-CLR (NP-SBJ *-1) (VP to (VP strafe (NP (NP terrorist hideouts) (PP-LOC in (NP the Bekaa Valley)))))))) , but (VP ca n't (VP shoot (NP Abu Nidal)))) .)) (TOP (S (NP-SBJ Both (NP the assassination order) and (NP (NP the quality) (PP of (NP debate)) (PP-LOC in (NP Washington)))) (VP are (VP telling (NP the world) (SBAR that (S (NP-SBJ (NP the only way) (SBAR (WHADVP-1 0) (S (NP-SBJ the U.S.) (VP will (VP kill (NP a madman) (ADVP-MNR *T*-1)))))) (VP is (PP-MNR-PRD by (S-NOM (NP-SBJ *) (VP making (ADJP sure (SBAR 0 (S (NP-SBJ we) (VP take (NP some innocent civilians) (PP-CLR with (NP him)))))))))))))) .)) (TOP (S (S (NP-SBJ We) (VP 've (VP heard (S (NP-SBJ (NP California 's) property-tax-cutting Proposition 13) (VP blamed (PP-CLR for (NP a lot)))) (PP-TMP over (NP the years))))) , but (S (NP-SBJ (NP ABC 's) Ted Koppel) (VP came (PRT up) (PP-CLR with (NP a new wrinkle)) (PP-LOC in (NP his earthquake coverage)) (NP-TMP last week) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP asked (NP Democratic Assemblyman Richard Katz) (SBAR if (S (NP-SBJ Prop. 13) (VP had (VP withheld (NP (NP money) (VP needed (NP *) (PP for (NP road maintenance)))))))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ-1 Mr. Katz) (ADVP-MNR happily) (VP agreed , (S-ADV (NP-SBJ *-1) (VP sliding (PP-CLR over (NP the fact (SBAR that (S (NP-SBJ-2 (NP California 's) roads and bridges) (VP are n't (VP funded (NP *-2) (PP (PP by (NP-LGS property taxes)) but (PP by (NP-LGS (UCP state and federal) gasoline taxes)))))))))))) .)) (TOP (S (NP-SBJ-1 Both) (VP have (VP been (VP raised (NP *-1) (NP-EXT (QP at least 30) %) (PP-TMP in (NP recent years)) , (SBAR-TMP even while (S (NP-SBJ (NP the price) (PP of (NP gasoline))) (VP has (VP fallen))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Dragging (NP Prop. 13) (PP-CLR into (NP this story)))) (VP is (NP-PRD a (ADJP pretty long) stretch)) .)) (TOP (S (NP-SBJ (NP A series) (PP of (NP explosions))) (VP tore (PP through (NP (NP the huge Phillips Petroleum Co. plastics plant) (PP-LOC near (NP here)))) , (S-ADV (NP-SBJ *) (VP (VP injuring (NP (NP more) (PP than (NP a hundred)))) and (VP closing (NP (NP parts) (PP of (NP the Houston Ship Channel))))))) .)) (TOP (S (S (NP-SBJ There) (VP were (NP-PRD (NP no immediate reports) (PP of (NP deaths))))) , but (S (NP-SBJ officials) (VP said (SBAR 0 (S (NP-SBJ (NP a number) (PP of (NP workers))) (VP were (ADVP still) (ADJP-PRD unaccounted (PRT for)) (NP-TMP last night)))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Bartlesville , Okla. ,) oil company) (ADVP-TMP late yesterday) (ADVP still) (VP had n't (VP said (ADVP-MNR officially) (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP caused (NP (NP the explosions and fires) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP sent (S (NP-SBJ (NP columns) (PP of (NP heavy black smoke))) (VP billowing (ADVP-DIR high (PP into (NP the air)))))))))))))) .)) (TOP (S (NP-SBJ One local Phillips manager) (VP said (SBAR 0 (S (NP-SBJ (NP a seal) (PP-LOC *PPA*-1)) (VP blew (PP-LOC-1 in (NP (NP one) (PP of (NP (NP the plant 's) reactors)))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Glenn Cox) , (NP (NP Phillips ') (NX (NX president) and (NX chief operating officer))) ,) and (NP other Phillips officials)) (VP flew (PP-DIR from (NP Bartlesville)) (S-PRP (NP-SBJ *-1) (VP to (VP (VP assess (NP the damage)) and (VP determine (NP (NP the cause) (PP of (NP the afternoon explosions)))))))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ Phillips Petroleum shares) (VP fell (NP-EXT $ 1.125 *U*) (PP-DIR to (NP $ 23.125 *U*))) .)) (TOP (S (NP-SBJ-1 The plastics plant) (VP is (VP located (NP *-1) (PP-LOC-CLR on (NP (NP an 800-acre tract) (PP-LOC in (NP (NP the heart) (PP of (NP (NP the petrochemical corridor) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP reaches (PP-CLR along (NP the U.S. Gulf Coast))))))))))))) .)) (TOP (S (NP-SBJ The U.S. Coast Guard) (VP closed (NP (NP six miles) (PP of (NP (NP the Houston Ship Channel) , (SBAR (WHADVP-1 where) (S (NP-SBJ about 150 companies) (VP have (NP operations) (ADVP-LOC *T*-1)))) ,))) (SBAR-PRP because (S (NP-SBJ the thick , black smoke) (VP obscured (NP the area))))) .)) (TOP (S (NP-SBJ (NP The Port) (PP of (NP Houston))) (VP closed (NP (NP its terminal) (PP for (S-NOM (NP-SBJ *) (VP handling (NP bulk cargo)))))) .)) (TOP (S (S (NP-SBJ (NP Broken water lines) and (NP gas leaks)) (VP hindered (NP (NP firefighters ') efforts))) , but (S (PP-TMP by (NP late yesterday)) (NP-SBJ authorities) (VP said (SBAR 0 (S (NP-SBJ they) (VP had (S (NP-SBJ the fire) (PP-PRD under (NP control)))))))) .)) (TOP (S (NP-SBJ The blasts) (VP (VP blew (ADVP-DIR out) (NP windows)) , (VP spewed (NP debris) (PP for (NP miles))) and (VP crumpled (NP the ceiling) (PP-LOC in (NP an area elementary school)))) .)) (TOP (S (NP-SBJ-1 The initial fireball) (VP was (VP caught (NP *-1) (PP by (NP-LGS (NP cameras) (PP in (NP (NP downtown Houston) , (ADVP-LOC (NP (QP about 10) miles) away))))))) .)) (TOP (S (S (NP-SBJ (NAC-LOC Nearby Pasadena , Texas ,) police) (VP reported (SBAR that (S (NP-SBJ-1 104 people) (VP had (VP been (VP taken (NP *-1) (PP-DIR to (NP area hospitals))))))))) , but (S (NP-SBJ a spokeswoman) (VP said (SBAR 0 (S (NP-SBJ that toll) (VP could (VP rise)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The injured) , (PP including (NP (NP three) (PP in (NP critical condition)))) ,) (VP were (VP treated (NP *-1) (PP-CLR for (NP (NP burns) , (NP breathing problems) and (NP (NP cuts) (PP from (NP flying glass)))))))) , (NP-SBJ hospital officials) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The plant) (VP employs (NP (QP between 800 and 900)) (PP-LOC-CLR on (NP three shifts))) .)) (TOP (S (NP-SBJ (NP The number) (VP working (PP-TMP at (NP (NP the time) (PP of (NP the blast)))))) (VP was n't (ADJP-PRD known)) .)) (TOP (S (NP-SBJ (NP Yesterday 's) explosions) (VP were (NP-PRD (NP the second round) (PP-TMP in (NP two months)) (PP-LOC at (NP the plastics plant)))) .)) (TOP (S (PP-TMP In (NP late August)) , (S (NP-SBJ-1 four contract workers) (VP were (VP injured (NP *-1)))) and (S (NP-SBJ one Phillips employee) (VP died)) (PP-TMP after (NP (NP an explosion) (PP-LOC at (NP (NP a fuel supply line) (PP-LOC near (NP (NP the facility 's) boiler house)))))) .)) (TOP (S (NP-SBJ The Phillips facility) (VP manufactures (NP (NP polyethylene , polypropylene and K-resin) , (NP (NP plastics) (VP used (NP *) (PP-CLR in (NP (NP a wide array) (PP of (NP applications)) , (PP including (NP (NP milk jugs) and (NP toys))))))))) .)) (TOP (S (NP-SBJ Plastics) (VP are (NP-PRD (NP the cornerstone) (PP of (NP (NP (NP Phillips ') chemicals operations) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP the biggest single contributor) (PP to (NP (NP the company 's) profits)))))))))) .)) (TOP (S (NP-SBJ (NP A federal judge) (PP-LOC in (NP Manhattan))) (VP has (VP entered (NP (NP a judgment) (VP requiring (S (NP-SBJ a Chicago organized crime figure) (VP to (VP pay (NP the government) (NP (NP $ 250,000 *U*) , (VP representing (NP (NP alleged profits) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP gained (NP *T*-1) (PP-CLR from (NP (NP his involvement) (PP with (NP (NP the International Brotherhood) (PP of (NP Teamsters))))))))))))))))))) .)) (TOP (S (NP-SBJ Manhattan U.S. Attorney Otto Obermaier) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (NP-PRD (NP the first time ever) (SBAR (WHADVP-1 that) (S (NP-SBJ the government) (VP had (VP obtained (NP any disgorgement) (PP-CLR from (NP (NP an organized crime figure) (VP indicted (NP *) (PP-LOC under (NP the civil racketeering law))))) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (NP-SBJ (NP Joseph Lombardo) , (SBAR (WHNP-1 who) (S (NP-SBJ the government) (VP alleged (SBAR 0 (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP the `` captain '') (PP of (NP (NP organized crime) (PP-LOC in (NP Chicago))))))))))) ,) (VP was (NP-PRD (NP one) (PP of (NP (NP numerous defendants) (PP in (NP (NP (NP the government 's) sweeping racketeering suit) (PP against (NP the Teamsters)))))))) .)) (TOP (S (PP-LOC In (NP (NP the suit) , (VP filed (NP *) (PP-TMP in (NP June 1988))) ,)) (NP-SBJ the government) (VP accused (NP-1 (NP the union 's) leadership) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP depriving (NP its (QP 1.6 million) members) (PP-CLR of (NP their rights)) (PP-MNR through (NP (NP a pattern) (PP of (NP racketeering)))))))) .)) (TOP (S (PP Among (NP other things)) , (NP-SBJ the government) (VP claimed (SBAR that (S (NP-SBJ organized crime figures) (VP had (ADVP routinely) (VP handpicked (NP (NP the union 's) top officials)))))) .)) (TOP (S (NP-SBJ U.S. District Judge David Edelstein) (ADVP also) (ADVP-MNR permanently) (VP enjoined (NP Mr. Lombardo) (PP-CLR from (NP (NP any future dealings) (PP with (NP (NP the Teamsters) or (NP any other labor union)))))) .)) (TOP (S (NP-SBJ-2 (NP Mr. Lombardo) , (NP (NP the last) (PP of (NP the defendants)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP settle (NP the suit)))))) ,) (VP agreed (S (NP-SBJ *-2) (VP to (VP pay (NP the government) (NP the $ 250,000 *U*) (PP-TMP within (NP one week)))))) .)) (TOP (S (NP-SBJ Exxon Corp.) (VP said (SBAR 0 (S (NP-SBJ its third-quarter earnings) (VP slipped (NP-EXT 9 %) (SBAR-TMP as (S (NP-SBJ (NP profits) (PP from (NP (NP two) (PP of (NP its three major businesses))))) (VP sagged))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP All cleanup costs) (PP from (NP (NP last spring 's) Alaskan oil spill))) (VP were (VP reflected (NP *-1) (PP-LOC-CLR in (NP earlier results))))) , (NP-SBJ it) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Phillips Petroleum Co.) and (NP Atlantic Richfield Co.)) (ADVP also) (VP reported (NP (NP declines) (PP-LOC in (NP quarterly profit))) , (SBAR-ADV while (S (NP-SBJ Ashland Oil Inc.) (VP posted (NP (NP a loss) (PP for (NP the latest quarter))))))) .)) (TOP (S (NP-SBJ (NP Amerada Hess Corp.) and (NP Occidental Petroleum Corp.)) (VP reported (NP higher earnings)) .)) (TOP (NP-HLN Exxon)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-2 Exxon) (VP spent (ADVP-MNR heavily) (PP-TMP during (NP the latest quarter)) (S-PRP (NP-SBJ *-2) (VP to (VP clean (PRT up) (NP (NP the Alaskan shoreline) (VP blackened (NP *) (PP by (NP-LGS its huge oil spill)))))))))) , (NP-SBJ-1 (NP those expenses) (CONJP as well as) (NP (NP the cost) (PP of (NP a continuing spill-related program)))) (VP are (VP covered (NP *-1) (PP by (NP-LGS (NP (QP $ 880 million) *U*) (PP in (NP (NP charges) (VP taken (NP *) (PP-TMP during (NP the first half))))))))) .)) (TOP (S (NP-SBJ An Exxon official) (VP said (SBAR that (S (PP-TMP at (NP this time)) (NP-SBJ the oil company) (VP does n't (VP anticipate (NP (NP any additional charges) (PP to (NP (NP future earnings) (VP relating (PP-CLR to (NP (NP the cleanup) (PP of (NP (NP oil) (VP spilled (NP *) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP one) (PP of (NP its tankers))) (VP rammed (PP-DIR into (NP an underwater reef)) (ADVP-TMP *T*-1)))))))))))))))))) .)) (TOP (S (NP-SBJ She) (VP added , (ADVP however) , (SBAR that (S (NP-SBJ (NP charges) (VP (ADVP already) taken)) (VP do n't (VP take (PP-CLR into (NP account)) (NP (NP the potential effect) (PP of (NP (NP litigation) (VP involving (NP the oil spill)))))))))) .)) (TOP (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ-1 that impact) (VP ca n't (VP be (ADVP-MNR reasonably) (VP assessed (NP *-1) (ADVP yet))))))) .)) (TOP (S (NP-SBJ (NP Exxon 's) net income) (PP-TMP during (NP the third quarter)) (VP dropped (PP-DIR to (NP (NP (QP $ 1.11 billion) *U*) , or (NP (NP 87 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 1.22 billion) *U*) , or (NP (NP 93 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 8.1 %) , (PP-DIR to (NP (QP $ 23.65 billion) *U*)) (PP-DIR from (NP (QP $ 21.88 billion) *U*))) .)) (TOP (S (PP-TMP During (NP the third quarter)) , (NP-SBJ Exxon) (VP purchased (NP (NP (QP 8.34 million) shares) (PP of (NP its stock))) (PP-CLR at (NP (NP a cost) (PP of (NP (QP $ 373 million) *U*))))) .)) (TOP (S (NP-SBJ-1 (NP Exxon 's) profitability) , (PP like (NP (NP that) (PP of (NP many other oil companies)))) , (VP was (VP hurt (NP *-1) (PP-TMP during (NP the third quarter)) (PP by (NP-LGS (NP declining returns) (PP from (NP the chemicals and refining and marketing businesses)))))) .)) (TOP (S (NP-SBJ (NP (NP Exxon 's) earnings) (PP from (NP chemicals operations))) (VP fell (NP-EXT (QP $ 90 million) *U*) , (PP-DIR to (NP $ 254 million *U*)) , (SBAR-ADV while (S (NP-SBJ refining and marketing profits) (VP declined (NP-EXT (QP $ 180 million) *U*) , (PP-DIR to (NP (QP $ 357 million) *U*)))))) .)) (TOP (SINV (S-TPC-1 (SBAR-ADV Although (S (NP-SBJ crude oil prices) (VP were (ADJP-PRD significantly higher) (NP-TMP this year)))) , (NP-SBJ they) (VP were n't (ADJP-PRD strong enough (S (NP-SBJ *) (VP to (VP offset (NP (NP the declining profits) (PP-LOC in (NP those business sectors)) (PP-LOC at (NP most oil companies))))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP William Randol) , (NP (NP oil analyst) (PP for (NP First Boston Corp)))) .)) (TOP (S (NP-SBJ He) (VP estimates (SBAR that (S (NP-SBJ (NP the price) (PP of (NP (NP West Texas Intermediate) , (NP the U.S. benchmark crude) ,))) (VP was (ADJP-PRD (NP-EXT (NP $ 4.04 *U*) (NP-ADV a barrel)) higher (PP *ICH*-1)) (PP-TMP during (NP (NP the third quarter) (PP of (NP this year)))) (PP-1 than (PP-TMP in (NP (NP the same period) (NP last year)))))))) .)) (TOP (NP-HLN Ashland Oil)) (TOP (S (NP-SBJ (NP A rash) (PP of (NP one-time charges))) (VP left (NP Ashland Oil) (PP-CLR with (NP (NP a loss) (PP of (NP (QP $ 39 million) *U*)) (PP for (NP its fiscal fourth quarter))))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (NP-SBJ the refiner) (VP earned (NP (NP (QP $ 66 million) *U*) , or (NP (NP $ 1.19 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ Quarterly revenue) (VP rose (NP-EXT 4.5 %) , (PP-DIR to (NP (QP $ 2.3 billion) *U*)) (PP-DIR from (NP (QP $ 2.2 billion) *U*))) .)) (TOP (S (PP-TMP For (NP the year)) , (NP-SBJ net income) (VP tumbled (NP-EXT 61 %) (PP-DIR to (NP (NP (QP $ 86 million) *U*) , or (NP (NP $ 1.55 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Ashland , Ky. ,) oil company) (VP reported (NP (NP a (ADJP (QP $ 38 million) *U*) charge) (VP resulting (PP-CLR from (NP (NP settlement) (PP of (NP (NP a 10-year dispute) (PP with (NP the National Iranian Oil Co.)) (PP over (NP claims (SBAR that (S (NP-SBJ Ashland) (VP did n't (VP pay (PP-CLR for (NP (NP Iranian crude) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP had (VP received (NP *T*-1)))))))))))))))))))) .)) (TOP (S (PP-TMP In (NP September)) , (NP-SBJ-1 Ashland) (VP settled (NP the long-simmering dispute) (PP-MNR by (S-NOM (NP-SBJ-2 *-1) (VP agreeing (S (NP-SBJ *-2) (VP to (VP pay (NP Iran) (NP (QP $ 325 million) *U*)))))))) .)) (TOP (S (NP-SBJ-2 Ashland) (ADVP also) (VP took (NP (NP a (ADJP (QP $ 25 million) *U*) after-tax charge) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP cover (NP anticipated costs)))))) (S-PRP (NP-SBJ *-2) (VP to (VP correct (NP (NP problems) (PP with (NP (NP boilers) (VP built (NP *) (PP by (NP-LGS (NP one) (PP of (NP its subsidiaries)))))))))))) .)) (TOP (S (NP-SBJ-1 The oil refiner) (ADVP also) (VP booked (NP a (ADJP (QP $ 15 million) *U*) charge) (PP for (S-NOM (NP-SBJ *-1) (VP selling (NP (NP Ashland Technology Corp.) , (NP (NP one) (PP of (NP its subsidiaries))) ,) (PP-CLR at (NP a loss)))))) .)) (TOP (NP-HLN Amerada Hess)) (TOP (S (NP-SBJ (NP Third-quarter earnings) (PP-LOC at (NP Amerada Hess))) (VP (ADVP more than) tripled (PP-DIR to (NP (NP (QP $ 51.81 million) *U*) , or (NP (NP 64 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 15.7 million) *U*) , or (NP (NP 20 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Revenue) (VP climbed (NP-EXT 28 %) , (PP-DIR to (NP (QP $ 1.18 billion) *U*)) (PP-DIR from (NP (QP $ 925 million) *U*))) .)) (TOP (S (NP-SBJ Profits) (VP improved (PP-LOC across (NP (NP Hess 's) businesses))) .)) (TOP (S (S (NP-SBJ Refining and marketing earnings) (VP climbed (PP-DIR to (NP (QP $ 33.3 million) *U*)) (PP-DIR from (NP (QP $ 12.9 million) *U*)))) , and (S (NP-SBJ exploration and production earnings) (VP rose (PP-DIR to (NP (QP $ 37.1 million) *U*)) (PP-DIR from (NP (QP $ 17.9 million) *U*)))) .)) (TOP (S (NP-SBJ (NP Hess 's) earnings) (VP were (ADVP-PRD up) (PP despite (NP (NP a (ADJP (QP $ 30 million) *U*) charge) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP cover (NP (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP maintaining (NP operations) (SBAR-TMP after (S (NP-SBJ Hurricane Hugo) (ADVP-MNR heavily) (VP damaged (NP (NP (NP the company 's) refinery) (PP-LOC at (NP St. Croix))))))))))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP is (ADVP-MNR widely) (VP known (NP *-1) (PP-LOC within (NP industry circles)) (SBAR that (S (NP-SBJ-2 Hess) (VP had (S (NP-SBJ-3 *-2) (VP to (VP buy (NP oil products) (PP-LOC in (NP the high-priced spot markets)) (S-PRP (NP-SBJ-4 *-3) (VP to (VP continue (S (NP-SBJ *-4) (VP supplying (NP its customers)))))))))))))) .)) (TOP (S (NP-SBJ-1 Hess) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (NP-HLN Phillips Petroleum)) (TOP (S (NP-SBJ (NP Phillips Petroleum 's) third-quarter earnings) (VP slid (NP-EXT 60 %) , (PP-DIR to (NP (NP (QP $ 87 million) *U*) , or (NP (NP 36 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 215 million) *U*) , or (NP (NP 89 cents) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 6.9 %) , (PP-DIR to (NP (QP $ 3.1 billion) *U*)) (PP-DIR from (NP (QP $ 2.9 billion) *U*))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Shrinking profit margins) (PP-LOC in (NP chemical and refining and marketing sectors))) (VP accounted (PP-CLR for (NP (NP most) (PP of (NP the decline)))))) , (VP said (S *T*-1)) (NP-SBJ Chairman C.J. Silas) (PP-LOC in (NP a statement)) .)) (TOP (S (PP Despite (NP higher oil prices)) , (NP-SBJ exploration and production profits) (VP were (ADVP-PRD off) (PP-PRP because of (NP (NP foreign-currency losses) and (NP (NP some construction costs) (VP incurred (NP *) (PP-LOC in (NP (NP one) (PP of (NP (NP Phillips ') North Sea oil fields))))))))) .)) (TOP (S (ADVP-TMP (NP A year) ago) , (NP-SBJ-1 results) (VP were (VP buoyed (NP *-1) (PP by (NP-LGS (NP a (ADJP (QP $ 20 million) *U*) after-tax gain) (PP from (NP an asset sale)))))) .)) (TOP (NP-HLN Occidental Petroleum)) (TOP (S (NP-SBJ (NP Occidental Petroleum 's) third-quarter net income) (VP rose (NP-EXT 2.9 %) (PP-DIR to (NP (NP (QP $ 108 million) *U*) , or (NP (NP 39 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 105 million) *U*) , or (NP (NP 38 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ The latest quarter) (VP included (NP (NP an after-tax gain) (PP of (NP (QP $ 71 million) *U*)) (PP from (NP non-recurring items)))) .)) (TOP (S (NP-SBJ Sales) (VP dropped (NP-ADV 2 %) , (PP-DIR to (NP (QP $ 4.8 billion) *U*)) (PP-DIR from (NP (QP $ 4.9 billion) *U*))) .)) (TOP (S (NP-SBJ The latest period) (VP included (NP (NP (NP a (ADJP (QP $ 54 million) *U*) gain) (PP from (NP (NP the sale) (PP of (NP various oil and gas properties))))) , (NP (NP a (ADJP (QP $ 22 million) *U*) charge) (PP from (NP (NP the restructuring) (PP of (NP (NP Occidental 's) domestic oil and gas operations))))) , and (NP (NP tax credits) (PP of (NP (QP $ 42 million) *U*))))) .)) (TOP (S (NP-SBJ Both periods) (VP included (NP (NP non-recurring charges) (PP of (NP (QP $ 3 million) *U*)) (PP for (NP (NP early retirement) (PP of (NP debt)))))) .)) (TOP (S (NP-SBJ Occidental) (VP said (SBAR 0 (S (NP-SBJ oil and gas earnings) (VP fell (PP-DIR to (NP (QP $ 17 million) *U*)) (PP-DIR from (NP (QP $ 20 million) *U*)))))) .)) (TOP (S (NP-SBJ The latest period) (VP includes (NP (NP net gains) (PP of (NP (NP (QP $ 32 million) *U*) (PP in (NP (NP non-recurring credits) (PP from (NP (NP the sale) (PP of (NP properties))))))))) , (S-ADV (NP-SBJ *) (VP indicating (NP (NP operating losses) (PP for (NP the quarter)) (PP-LOC in (NP the oil and gas division)))))) .)) (TOP (S (NP-SBJ Chemical earnings) (VP fell (NP-EXT 10 %) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP softening) (PP of (NP demand)))))) .)) (TOP (NP-HLN Atlantic Richfield)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Citing (NP (NP its reduced ownership) (PP in (NP the Lyondell Petrochemical Co.))))) , (NP-SBJ-1 Atlantic Richfield) (VP reported (SBAR that (S (NP-SBJ net income) (VP slid (NP-EXT 3.1 %) (PP-TMP in (NP the third quarter)) (PP-DIR to (NP (NP (QP $ 379 million) *U*) , or (NP (NP $ 2.19 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 391 million) *U*) , or (NP (NP $ 2.17 *U*) (NP-ADV a share))) , (PP-TMP for (NP the comparable period last year))))))) .)) (TOP (S (NP-SBJ Sales) (VP fell (NP-EXT 20 %) , (PP-DIR to (NP (QP $ 3.7 billion) *U*)) (PP-DIR from (NP (QP $ 4.6 billion) *U*))) .)) (TOP (S (NP-SBJ (NP (NP Arco 's) earnings) (PP from (NP (NP its (ADJP 49.9 %) stake) (PP in (NP Lyondell))))) (VP fell (PP-DIR to (NP (QP $ 37 million) *U*)) (PP-DIR from (NP (QP $ 156 million) *U*) (PP-TMP for (NP (NP (NP the same period) (NP last year)) , (SBAR (WHADVP-2 when) (S (NP-SBJ-1 Lyondell) (VP was (ADVP wholly) (VP owned (NP *-1) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (SINV-TPC-2 (VP-TPC-1 Offsetting (NP (NP the lower stake) (PP in (NP Lyondell)))) (VP were (VP *T*-1)) (NP-SBJ (NP higher crude oil prices) , (NP increased natural gas volumes) and (NP higher coke prices))) , (NP-SBJ the company) (VP said (SBAR 0 (SINV *T*-2))) .)) (TOP (S (NP-SBJ Coal earnings) (VP rose (PP-DIR to (NP (QP $ 26 million) *U*)) (PP-DIR from (NP (QP $ 21 million) *U*))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ Arco) (VP reported (NP (NP net income) (PP of (NP (NP (QP $ 1.6 billion) *U*) , or (NP (NP $ 8.87 *U*) (NP-ADV a share)))) , (ADVP up (NP 33 %) (PP from (NP (NP (QP $ 1.2 billion) *U*) , or (NP (NP $ 6.56 *U*) (NP-ADV a share))) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ Sales) (VP were (NP-PRD (QP $ 12 billion) *U*) , (ADVP off (NP 13 %) (PP from (NP (QP $ 13.8 billion) *U*)))) .)) (TOP (S (NP-SBJ Jeff Rowe) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ The following) (VP were (PP-LOC-PRD among (NP (NP (NP yesterday 's) offerings and pricings) (PP-LOC in (NP the (UCP U.S. and non-U.S.) capital markets)))) , (PP with (NP (NP terms) and (NP syndicate manager))) , (SBAR as (S (NP-SBJ-1 *) (VP compiled (NP *-1) (PP by (NP-LGS Dow Jones Capital Markets Report)))))) :)) (TOP (NP (NP Imo Industries Inc.) -- (NP (NP (QP $ 150 million) *U*) (PP of (NP senior subordinated debentures)) (ADJP due (NP-TMP 2001)) , (VP priced (NP-1 *) (PP-CLR at (NP par)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 12 %)))))) .)) (TOP (S (NP-SBJ-1 The issue) (VP will (VP be (VP sold (NP *-1) (PP-MNR through (NP Morgan Stanley & Co))))) .)) (TOP (S (NP-SBJ Other details) (VP were n't (ADJP-PRD available)) .)) (TOP (NP (NP (NP San Antonio) , (NP Texas)) -- (NP (NP (QP $ 575 million) *U*) (PP of (NP electric and gas system revenue refunding bonds)) , (NP Series 1989 , 1989A and 1989B) , (VP (ADVP-MNR tentatively) priced (NP-1 *) (PP by (NP-LGS a First Boston Corp. group)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (PP (PP from (NP (NP 6.15 %) (PP-TMP in (NP 1991)))) (PP to (NP (NP 7.30 %) (PP-TMP in (NP 2009)))))))))) .)) (TOP (S (NP-SBJ The issue) (VP includes (NP (NP (NP current interest bonds) (ADJP due (NP-TMP 1991-2000 , 2009 , 2012 , 2014 and 2016))) , and (NP (NP capital appreciation bonds) (ADJP due (NP-TMP 2001-2005))))) .)) (TOP (S (NP-SBJ-1 The current interest serial bonds) (VP are (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP (PP from (NP (NP 6.15 %) (PP-TMP in (NP 1991)))) (PP to (NP (NP 7.10 %) (PP-TMP in (NP 2000)))))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (QP about $ 100 million) *U*) (PP of (NP (ADJP 7 %) term bonds)) (ADJP due (NP-TMP 2009)) , (VP priced (NP-2 *) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP (NP 7.30 %) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP the issue 's) high yield))))))))))) .)) (TOP (S (NP-SBJ There) (VP are (ADVP also) (NP-PRD (NP (NP (QP about $ 124 million) *U*) (PP of (NP (ADJP (QP 6 1) %) bonds)) (VP priced (NP-1 *) (S (NP-SBJ *-1) (VP to (VP yield (NP 7.25 %) (PP-TMP in (NP 2012))))))) ; (NP (NP (QP about $ 97 million) *U*) (PP of (NP (ADJP 6 %) bonds)) (VP priced (NP-2 *) (S (NP-SBJ *-2) (VP to (VP yield (NP 7.20 %) (PP-TMP in (NP 2014))))))) ; and (NP (NP (QP about $ 26.5 million) *U*) (PP of (NP (ADJP 5 %) bonds)) (VP priced (NP-3 *) (S (NP-SBJ *-3) (VP to (VP yield (NP 7.15 %) (PP-TMP in (NP 2016))))))))) .)) (TOP (S (NP-SBJ (NP All) (PP of (NP the term bonds))) (VP are (NP-PRD original issue discount bonds) , (PP according (PP to (NP the lead underwriter)))) .)) (TOP (S (NP-SBJ-1 The capital appreciation bonds) (VP are (ADVP-MNR tentatively) (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP-TMP to (NP maturity)) (PP (PP from (NP (NP 7 %) (PP-TMP in (NP 2001)))) (PP to (NP (NP 7.10 %) (PP-TMP in (NP 2003-2005)))))))))) .)) (TOP (S (NP-SBJ-1 The bonds) (VP are (VP rated (S (NP-SBJ *-1) (ADJP-PRD double-A)) (PP by (NP-LGS (NP (NP Moody 's) Investors Service Inc.) and (NP (NP Standard & Poor 's) Corp))))) .)) (TOP (NP (NP Maryland Stadium Authority) -- (NP (NP (QP $ 137.6 million) *U*) (PP of (NP sports facilities lease revenue bonds)) , (NP Series 1989 D) , (ADJP due (NP-TMP 1992-1999 , 2004 , 2009 and 2019)) , (VP (ADVP-MNR tentatively) priced (NP-1 *) (PP-CLR at (NP par)) (PP by (NP-LGS a Morgan Stanley group)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (PP (PP from (NP (NP 6.35 %) (PP in (NP 1992)))) (PP to (NP (NP 7.60 %) (PP in (NP 2019)))))))))) .)) (TOP (S (NP-SBJ-1 Serial bonds) (VP are (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP (QP to 7.10) %) (PP-TMP in (NP 1999))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (NP $ 15,845,000 *U*) (PP of (NP (NP (ADJP (QP 7 3) %) bonds))) (UCP (VP priced (NP *) (PP-CLR at (NP par))) and (ADJP due (NP-TMP 2004)))) ; (NP (NP $ 22,985,000 *U*) (PP of (NP (NP (ADJP (QP 7 1) %) bonds) (UCP (VP priced (NP *) (PP-CLR at (NP par))) and (ADJP due (NP-TMP 2009)))))) ; and (NP (NP (QP $ 82.6 million) *U*) (PP of (NP (NP (ADJP 7.60 %) bonds) (UCP (VP priced (NP *) (PP-CLR at (NP par))) and (ADJP due (NP-TMP 2019)))))))) .)) (TOP (S (NP-SBJ-3 The bonds) (VP are (VP (VP rated (S (NP-SBJ *-3) (ADJP-PRD-1 double-A)) (PP-2 by (NP-LGS Moody 's))) and (VP (ADJP-PRD=1 double-A-minus) (PP=2 by (NP-LGS S&P))))) .)) (TOP (S (NP-SBJ-1 (NP Interest) (PP on (NP the bonds))) (VP will (VP be (VP treated (NP *-1) (PP-CLR as (NP a preference item)) (PP-LOC in (S-NOM (NP-SBJ *) (VP calculating (NP (NP the federal alternative minimum tax) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP may (VP be (VP imposed (NP *-2) (PP-CLR on (NP certain investors)))))))))))))) .)) (TOP (NP (NP Federal Home Loan Mortgage Corp.) -- (NP (NP (QP $ 250 million) *U*) (PP of (NP Remic mortgage securities)) (VP being (VP offered (NP *) (PP-MNR in (NP 11 classes)) (PP by (NP-LGS Morgan Stanley))))) .)) (TOP (S (NP-SBJ-1 (NP The offering) , (NP Series 107) ,) (VP (VP is (VP backed (NP *-1) (PP by (NP-LGS Freddie Mac 15-year , (ADJP 9 %) securities)))) , and (VP (VP brings (NP-2 (NP Freddie Mac 's) 1989 Remic issuance) (PP-CLR-3 to (NP (QP $ 32.8 billion) *U*))) and (VP (NP=2 its total volume) (PP-CLR=3 to (NP (QP $ 46.8 billion) *U*))) (SBAR-TMP since (S (NP-SBJ the program) (VP began (PP-TMP in (NP February 1988))))))) .)) (TOP (S (NP-SBJ The offering) (VP used (NP at-market pricing)) .)) (TOP (NP (NP Federal National Mortgage Association) -- (NP (NP (QP $ 500 million) *U*) (PP of (NP Remic mortgage securities)) (VP being (VP offered (NP *) (PP-MNR in (NP 10 classes)) (PP by (NP-LGS Merrill Lynch Capital Markets))))) .)) (TOP (S (NP-SBJ-86 (NP The offering) , (NP Series 1989-85) ,) (VP is (VP backed (NP *-86) (PP by (NP-LGS Fannie Mae (ADJP 9 %) securities)))) .)) (TOP (S (ADVP Separately) , (NP-SBJ-1 (NP a (ADJP (QP $ 400 million) *U*) issue) (PP of (NP Fannie Mae Remic mortgage securities))) (VP is (VP being (VP offered (NP *-1) (PP-MNR in (NP 15 classes)) (PP by (NP-LGS Bear , Stearns & Co))))) .)) (TOP (S (NP-SBJ-87 (NP The offering) , (NP Series 1989-86) ,) (VP is (VP backed (NP *-87) (PP by (NP-LGS Fannie Mae (ADJP 9 %) securities)))) .)) (TOP (S (ADVP Finally) , (NP-SBJ-1 (NP a (ADJP (QP $ 300 million) *U*) issue) (PP of (NP Fannie Mae Remic mortgage securities))) (VP is (VP being (VP offered (NP *-1) (PP-MNR in (NP 12 classes)) (PP by (NP-LGS Smith Barney , Harris Upham & Co))))) .)) (TOP (S (NP-SBJ-88 (NP The offering) , (NP Series 1989-87) ,) (VP is (VP backed (NP *-88) (PP by (NP-LGS Fannie Mae (ADJP (QP 9 1) %) securities)))) .)) (TOP (S (NP-SBJ The three offerings) (ADVP together) (VP (VP bring (NP-1 (NP Fannie Mae 's) 1989 Remic issuance) (PP-CLR-2 to (NP (QP $ 32.4 billion) *U*))) and (VP (NP=1 its total Remic volume) (PP-CLR=2 to (NP (QP $ 44.5 billion) *U*))) (SBAR-TMP since (S (NP-SBJ the program) (VP began (PP-TMP in (NP April 1987)))))) .)) (TOP (NP (NP (NP Credit Agricole) -LRB- (NP CNCA) -RRB- -LRB- (ADJP French) -RRB-) -- (NP (NP (QP $ 250 million) *U*) (PP of (NP (ADJP (QP 8 3) %) bonds)) (ADJP due (NP-TMP Nov. 21 , 1994)) , (VP priced (NP-1 *) (PP-CLR at (NP 101.80)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 8.77 %) (ADVP-TMP annually) (PP less (NP full fees)))))) , (PP via (NP IBJ International Ltd))) .)) (TOP (NP Fees (QP 1 7) .)) (TOP (NP (NP (NP Hokuriku Electric Power Co .) -LRB- (NP-LOC Japan) -RRB-) -- (NP (NP (NP (QP $ 200 million) *U*) (PP of (NP (ADJP (QP 8 7) %) bonds))) (ADJP due (NP-TMP Nov. 20 , 1996)) , (VP priced (NP-1 *) (PP-CLR at (NP 101 3)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 8.90 %) (PP less (NP full fees)))))) , (PP via (NP (NP Yamaichi International) -LRB- (NP-LOC Europe) -RRB- (ADJP Ltd)))) .)) (TOP (NP Fees (QP 1 7) .)) (TOP (NP (NP (NP International Finance Corp .) -LRB- (NP agency) -RRB-) -- (NP (NP (QP 10 billion) pesetas) (PP of (NP (ADJP 11.6 %) bonds)) (ADJP due (NP-TMP Nov. 30 , 1994)) , (VP priced (NP-1 *) (PP-CLR at (NP 101 5)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 11.60 %) (PP less (NP full fees)))))) , (PP via (NP (NP (NP Citibank) -LRB- (NP-LOC Madrid) -RRB-) and (NP (NP Banco Espanol de Credito) , (NP-LOC Spain))))) .)) (TOP (NP Fees (QP 1 5) .)) (TOP (NP (NP (NP (NP (NP Royal Bank) (PP of (NP Canada))) , (NP Grand Cayman branch)) -LRB- (NP-LOC Canada) -RRB-) -- (NP (NP (QP 100 million) Canadian dollars) (PP of (NP (NP (ADJP (QP 10 3) %) deposit notes) (ADJP due (NP-TMP Nov. 30 , 1994)))) , (VP priced (NP-1 *) (PP-CLR at (NP (QP 101 3))) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 10.78 %) (PP less (NP full fees)))))) , (PP via (NP RBC Dominion Securities International Ltd))) .)) (TOP (NP Fees (QP 1 7) .)) (TOP (NP (NP (NP Union Bank) (PP of (NP Finland))) -- (NP (NP (QP 100 million) Australian dollars) (PP of (NP (ADJP 9 %) bonds)) (ADJP due (NP-TMP Nov. 9 , 1990)) , (VP priced (NP-1 *) (PP-CLR at (NP 94)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 17.20 %) (PP less (NP full fees)))))) , (PP via (NP Banque Paribas Capital Markets Ltd))) .)) (TOP (NP Fees 1 .)) (TOP (NP (NP Ford Motor Credit) -- (NP (NP (QP $ 2.57 billion) *U*) (PP of (NP (NP certificates) (VP backed (NP *) (PP by (NP-LGS (NP automobile loans) (PP with (NP (NP a coupon rate) (PP of (NP 8.70 %))))))))) , (VP priced (NP-1 *) (PP-CLR at (NP 99 19)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 8.903 %))))) (PP through (NP (NP an underwriting group) (VP headed (NP *) (PP by (NP-LGS First Boston Corp)))))) .)) (TOP (S (NP-SBJ The issue) (VP is (NP-PRD (NP (NP the first) (PP by (NP (NP Ford Motor Credit) , (NP (NP a unit) (PP of (NP Ford Motor Co.))) ,))) and (NP (NP the second largest) (PP-LOC in (NP (NP the four-year history) (PP of (NP the (ADJP (QP $ 45 billion) *U*) asset-backed market))))))) .)) (TOP (S (NP-SBJ The largest issue) (VP was (NP-PRD (NP a (ADJP (QP $ 4 billion) *U*) offering) (PP of (NP auto-loan securities)) (PP by (NP General Motors Acceptance Corp.)) (PP-TMP in (NP 1986)))) .)) (TOP (S (NP-SBJ-1 The Ford issue) , (PP through (NP Ford Credit 1989-A Grantor Trust)) , (VP was (VP priced (NP *-1) (PP-CLR at (NP (NP a yield spread) (PP of (PP (NP 95 basis points) above (NP (NP the Treasury (ADJP (QP 7 3) %) issue) (ADJP due (NP-TMP July 1991))))))))) .)) (TOP (S (NP-SBJ-1 The offering) (VP is (VP (VP rated (S (NP-SBJ *-1) (ADJP-PRD-2 doubleA-2)) (PP-3 by (NP-LGS Moody 's))) and (VP (ADJP-PRD=2 double-A) (PP=3 by (NP-LGS S&P))) , (PP based (PP on (NP (NP (NP the quality) (PP of (NP the underlying auto loans))) and (NP (NP a guarantee) (VP covering (NP (NP 9 %) (PP of (NP the deal)))) (PP from (NP Ford Motor Credit)))))))) .)) (TOP (S (NP-SBJ The certificates) (VP have (NP (NP an estimated average life) (PP of (NP 1.8 years))) , (S-ADV (NP-SBJ *) (VP assuming (NP (NP monthly prepayments) (PP at (NP (NP 1.3 %) (PP of (NP the original balance)))))))) .)) (TOP (S (NP-SBJ The final maturity) (VP is (PP-TMP-PRD in (NP five years))) .)) (TOP (S (NP-SBJ The Mouth) (VP is (ADVP-PRD back)) .)) (TOP (S (NP-SBJ-2 (NP Morton Downey Jr.) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP self-destructed (PP-MNR as (NP a talk-show host))) and (VP (ADVP-TMP frequently) (ADVP-MNR verbally) abused (NP his guests))))) ,) (VP has (VP been (VP signed (S (NP-SBJ *-2) (VP to (VP co-host (NP (NP a half-hour nightly program) (PP on (NP (NP the Consumer News and Business Channel) , (NP (NP the cable channel) (VP (ADVP partly) owned (NP *) (PP by (NP-LGS (NP the General Electric Co. 's) National Broadcasting Co))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The premiere) (PP of (NP `` (NP Showdown) , '' (PP with (NP (NP Mr. Downey) and (NP (NP Richard G. Carter) , (NP (NP a columnist) (PP with (NP the New York Daily News))) ,)))))) (VP is (VP scheduled (NP *-1) (PP-TMP-CLR for (NP (NP Dec. 4) (PP at (NP 8 p.m)))))) .)) (TOP (S (NP-SBJ CNBC) (VP is (ADJP-PRD available (PP to (NP (QP 13 million) cable households)))) .)) (TOP (S (NP-SBJ Mr. Downey) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP is not (VP going (S (NP-SBJ *-1) (VP to (VP change (NP (NP his style) , (SBAR (WHNP-2 which) (S (S (NP-SBJ some critics) (VP said (SBAR 0 (S (NP-SBJ *T*-2) (VP was (ADJP-PRD flamboyant)))))) and (S (NP-SBJ others) (VP deemed (S (NP-SBJ *T*-2) (ADJP-PRD offensive))))))))))))))) .)) (TOP (S `` But (NP-SBJ-1 I) (VP 'm (VP going (S (NP-SBJ *-1) (VP to (VP proceed (PP-MNR in (NP a more logical way))))))) .)) (TOP (S (NP-SBJ-2 I) (VP 'm not (VP going (S (NP-SBJ *-2) (VP to (VP do (NP (NP anything) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is not (ADJP-PRD acceptable) (PP-LOC in (NP (NP anyone 's) home))))))))))) .)) (TOP (S But (NP-SBJ that) (VP does n't (VP mean (SBAR 0 (S (NP-SBJ-1 I) (VP 'm not (VP going (S (NP-SBJ *-1) (VP to (VP get (ADJP-PRD angry)))))))))) . '')) (TOP (S (NP-SBJ (NP Michael Eskridge) , (NP (NP president) (PP of (NP CNBC))) ,) (VP said (SBAR that (S (SBAR-ADV although (S (NP-SBJ there) (VP will (VP be (NP-PRD a studio audience))))) , (NP-SBJ-1 viewers) (VP will (ADVP-TMP no longer) (VP have (S (NP-SBJ *-1) (VP to (VP endure (NP (NP the shouting) (PP of `` (FRAG (NP Mort) ! (NP Mort) ! (NP Mort) !) '')))))))))))) (TOP (SBARQ But (WHADVP-2 just how) (SQ does (NP-SBJ (NP Mr. Downey 's) unorthodox style) (VP mesh (PP-CLR with (NP (NP the sedate tone) (PP of (NP (NP CNBC 's) business programming)))) (ADVP-MNR *T*-2))) ?)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Ninety percent) (PP of (NP (NP Mort 's) old show))) (VP fits (PP-CLR into (NP our style)))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Eskridge) .)) (TOP (S `` (NP-SBJ That) (VP is (NP-PRD consumer issues)) . '')) (TOP (S (NP-SBJ-1 (NP (NP Mr. Downey 's) previous show) , (NP a one-hour shout fest) , (VP (VP syndciated (NP *) (PP by (NP-LGS MCA Inc.))) and (VP produced (NP *) (PP by (NP-LGS Quantum Media Inc.)))) ,) (VP was (VP canceled (NP *-1) (PP-TMP in (NP July)) (SBAR-TMP after (S (NP-SBJ advertisers and stations) (VP abandoned (NP it)))))) .)) (TOP (S (NP-SBJ Investors) (VP dumped (NP (NP stocks) (PP of (NP (NP big companies) (SBAR (WHNP-1 whose earnings) (S (NP-SBJ *T*-1) (VP fluctuate (PP-CLR with (NP the economy))))))))) .)) (TOP (S (NP-SBJ (NP Many) (PP of (NP those `` cyclical '' issues))) (VP are (PP-LOC-PRD in (NP (NP the Dow Jones Industrial Average) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP fell (NP-EXT 26.23) (PP-DIR to (NP 2662.91)))))))) .)) (TOP (S (NP-SBJ Declining issues) (PP-LOC on (NP the New York Stock Exchange)) (VP outpaced (NP advancers) , (ADVP 1,012 to 501)) .)) (TOP (S (NP-SBJ Recession fears) (VP are (VP springing (PRT up) (ADVP again) (PP-LOC among (NP investors)))) .)) (TOP (S (NP-SBJ Analysts) (VP say (SBAR that (S (NP-SBJ-1 (NP the selling) (PP of (NP cyclical stocks))) (NP-TMP yesterday) (VP will (VP be (VP followed (NP *-1) (PP by (NP-LGS (NP a sell-off) (PP in (NP (NP shares) (PP of (NP (NP companies) (PP with (NP (NP big debt loads) (PP-LOC on (NP their balance sheets)))))))))))))))) .)) (TOP (S (PP-LOC In (NP an economic slowdown)) , (NP-SBJ heavy debt loads) (VP reduce (NP (NP the flexibility) (PP of (NP companies))) (SBAR-PRP because (S (NP-SBJ-1 (NP cash) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP would (ADVP normally) (VP be (VP used (NP *-3) (S-CLR (NP-SBJ *) (VP to (VP keep (S (NP-SBJ the company) (ADJP-PRD buoyant))))))))))) (VP must (VP be (VP diverted (NP *-1) (PP-CLR to (NP interest payments)))))))) .)) (TOP (S (PP On (NP the other hand)) , (NP-SBJ investors) (VP beat (NP-CLR a clear path) (NP-TMP yesterday) (PP-DIR to (NP (NP blue-chip issues) (PP with (NP proven earnings growth records))))) .)) (TOP (S (PP-LOC Among (NP the 30 Dow industrials)) , (NP-SBJ they) (VP (VP bought (NP (NP McDonald 's) , (NP Coca-Cola Co.) and (NP Procter & Gamble))) and (VP sold (NP (NP Aluminum Co.) (PP of (NP America))))) .)) (TOP (S (PP-LOC In (NP (NP another sign) (PP of (NP slowdown fears)))) , (NP-SBJ investors) (VP dumped (NP technology shares)) .)) (TOP (S (NP-SBJ Many money managers) (VP are (VP bracing (PP-CLR for (NP (NP a decline) (PP in (NP (NP stocks) (PP of (NP (NP companies) (PP with (NP (NP big debt loads) (PP-LOC on (NP their balance sheets)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The junk bond market) (VP is (VP being (VP taken (PRT apart) '' (PP-PRP because of (NP recession fears)))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP J. David Mills) , (NP (NP senior vice president) (PP-LOC at (NP Boston Company Advisers)))) .)) (TOP (S `` (PP-LOC Under (NP this scrutiny)) , (S (NP-SBJ (NP the first thing) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP do (NP *T*-1))))) (VP is (VP sell (NP your cyclical stocks)))) and (S (NP-SBJ (NP the second thing) (SBAR (WHNP-2 0) (S (NP-SBJ you) (VP do (NP *T*-2))))) (VP is (VP sell (NP your over-leveraged companies)))) . '')) (TOP (S (PP In (NP fact)) , (NP-SBJ (NP much) (PP of (NP (NP the buying) (PP in (NP blue chips))))) (NP-TMP yesterday) (VP was (NP-PRD (NP a pursuit) (PP of (NP (NP companies) (PP with (NP lower debt levels)))))) .)) (TOP (S (PP-LOC In (NP (NP a recent investment letter) (ADJP entitled `` (NP-TTL (NP Winners) (PP of (NP the ` Leverage Wars)))))) , ' '' (NP-SBJ (NP Edward Kerschner) , (NP (NP chairman) (PP of (NP (NP PaineWebber 's) investment policy committee))) ,) (VP suggested (SBAR that (S (NP-SBJ investors) (VP buy (NP (NP stocks) (PP of (NP (NP companies) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP have (VP avoided (S (NP-SBJ *-2) (VP loading (PRT up) (PP-CLR on (NP debt))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're (VP saying (SBAR 0 (S (NP-SBJ-2 companies) (VP have (S (NP-SBJ *-2) (VP to (VP pay (NP increasing attention) (PP-CLR to (NP balance sheets))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Kerschner) .)) (TOP (S (NP-SBJ He) (VP suggested (SBAR that (S (NP-SBJ investors) (VP buy (NP (NP the shares) (PP of (NP (NP Great Atlantic & Pacific Tea) , (NP J. Baker) , (NP McDonald 's) , (NP Philip Morris) and (NP Sara Lee)))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (NP-SBJ-1 (NP all) (PP of (NP these companies))) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP compete (ADVP-MNR fiercely) (PP-LOC in (NP an economic downturn))))))))))) .)) (TOP (S (S (NP-SBJ McDonald 's) (VP has (NP (NP long-term debt) (VP equaling (NP (NP 91 %) (PP of (NP shareholder equity))))) (ADVP-TMP currently))) , but (S (NP-SBJ Mr. Kerschner) (VP said (SBAR 0 (S (NP-SBJ the company) (VP is (VP carrying (NP real estate assets) (PP-MNR at (PP (NP (QP about $ 2.6 billion) *U*) below (NP their real value))))))))) .)) (TOP (S (S (NP-SBJ Coca-Cola) (VP climbed (NP-EXT (QP 1 3/8)) (PP-DIR to (NP (QP 72 1/8))))) ; (S (NP-SBJ McDonald 's) (VP added (NP 1) (PP-DIR to (NP (QP 31 3/8))))) , and (S (NP-SBJ Procter & Gamble) (VP gained (NP 3/4) (PP-DIR to (NP (QP 130 5/8))))) .)) (TOP (S (S (NP-SBJ A&P) (VP fell (NP-EXT (QP 1 1/4)) (PP-DIR to (NP (QP 57 5/8))))) , and (S (NP-SBJ J. Baker) (VP gained (NP 3/8) (PP-DIR to (NP (QP 21 1/4))))) .)) (TOP (S (NP-SBJ Philip Morris) (VP slipped (NP-EXT 1/2) (PP-DIR to (NP (QP 43 7/8))) , (SBAR-ADV while (S (NP-SBJ Sara Lee) (VP closed (ADJP-ADV unchanged) (PP-CLR at (NP (QP 60 1/8))))))) .)) (TOP (S (PP According (PP to (NP (NP (NP Salomon Brothers ') `` stub '' stock index) (PP of (NP (NP 20 companies) (SBAR (WHNP-1 whose debt) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD giant) (PP compared (PP with (NP shareholder equity))))))))))) , (NP-SBJ-2 investors) (VP are (ADVP already) (VP beginning (S (NP-SBJ *-2) (VP to (VP retreat (PP-CLR from (NP (NP shares) (PP of (NP debt-laden companies))))))))) .)) (TOP (S (PP-TMP (PP From (NP January)) (PP to (NP early September))) , (NP-SBJ (NP the index) (PP of (NP (NP stub stocks) -- (NP (NP the tiny portion) (PP of (NP equity)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP 's (ADVP-MNR publicly) (VP traded (NP *-2) (PP-TMP following (NP a recapitalization))))))) --))) (VP outperformed (NP (NP Standard & Poor 's) 500-stock index) (PP-EXT by (NP (QP about 20) %))) .)) (TOP (S But (PP-TMP-TPC-2 starting (PP in (NP early September))) , (NP-SBJ-1 the index) (VP (VP started (S (NP-SBJ *-1) (VP to (VP slide))) (PP-TMP *T*-2)) and (VP (ADVP-TMP now) stands (ADVP-CLR about even (PP with (NP the S&P 500))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-4 (NP Stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (NP a high default risk))))) (VP have (VP started (S (NP-SBJ *-4) (VP to (VP underperform (NP (NP those stocks) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP have (NP a lower default risk))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Eric Sorenson) , (NP (NP director) (PP of (NP quantitative analysis)) (PP-LOC at (NP Salomon Brothers)))) .)) (TOP (S `` (NP-SBJ (NP Companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (NP (NP the most exposure) (PP to (NP the business cycle))))))) (VP have (VP underperformed (PP-TMP since (NP late last summer)))) . '')) (TOP (S (NP-SBJ (NP Union Carbide) , (SBAR (WHNP-1 whose third-quarter earnings) (S (NP-SBJ *T*-1) (VP (VP dropped (NP-EXT (QP about 35) %) (PP-DIR from (ADVP-TMP (NP a year) earlier))) and (VP fell (ADVP short (PP of (NP (NP analysts ') expectations))))))) ,) (VP declined (NP-EXT 1/2) (PP-DIR to (NP (QP 24 1/2)))) .)) (TOP (S (ADVP Also) , (S (NP-SBJ Exxon) (VP went (ADVP-DIR down (NP 3/8)) (PP-DIR to (NP (QP 45 3/4))))) and (S (NP-SBJ Allied-Signal) (VP lost (NP 7/8) (PP-DIR to (NP (QP 35 1/8))) (SBAR-ADV even though (S (NP-SBJ (NP (NP the companies ') results) (PP for (NP the quarter))) (VP were (PP-PRD in (NP (NP line) (PP with (NP forecasts))))))))) .)) (TOP (S (NP-SBJ Other weak blue-chip issues) (VP included (NP (NP (NP Chevron) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP went (ADVP-DIR down (NP 2)) (PP-DIR to (NP 64 7/8)) (PP-LOC in (NP (NP Big Board composite trading) (PP of (NP (QP 1.3 million) shares)))))))) ; (NP (NP Goodyear Tire & Rubber) , (ADVP off (NP (QP 1 1/2)) (PP to (NP (QP 46 3/4))))) , and (NP (NP American Express) , (ADVP down (NP 3/4) (PP to (NP (QP 37 1/4))))))) .)) (TOP (S (NP-SBJ (NP Texas Instruments) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP reported (NP-TMP Friday) (SBAR that (S (NP-SBJ third-quarter earnings) (VP fell (NP-EXT (QP more than 30) %) (PP-DIR from (NP the year-ago level))))))))) ,) (VP went (ADVP-DIR down (NP (QP 2 1/8))) (PP-DIR to (NP 33)) (PP on (NP (QP 1.1 million) shares))) .)) (TOP (S (NP-SBJ (NP Motorola) , (NP another major semiconductor producer) ,) (VP dropped (NP-EXT (QP 1 1/8)) (PP-DIR to (NP (QP 57 1/2)))) .)) (TOP (S (NP-SBJ-3 (NP Pinnacle West Capital) , (SBAR (WHNP-2 whose earnings) (S (NP-SBJ-1 *T*-2) (VP have (VP been (VP hurt (NP *-1) (PP by (NP-LGS (NP continued problems) (PP-LOC at (NP its MeraBank unit))))))))) ,) (VP fell (NP-EXT (QP 1 5/8)) (PP-DIR to (NP (QP 9 1/8))) (PP on (NP (QP 2.1 million) shares)) (S-CLR (NP-SBJ *-3) (VP to (VP lead (NP (NP (NP the Big Board 's) list) (PP of (NP most active issues))))))) .)) (TOP (S (S (NP-SBJ (NP Growing pressures) (PP on (NP the Arizona real-estate market))) (VP are (VP affecting (NP the thrift)))) ; (S (NP-SBJ Pinnacle West) (VP told (NP Dow Jones Professional Investor Report) (SBAR 0 (S (NP-SBJ-1 it) (VP may (VP consider (S (NP-SBJ *-1) (VP filing (PP-CLR for (NP Chapter 11 bankruptcy protection)))) (SBAR-ADV if (S (NP-SBJ it) (VP ca n't (VP reach (NP (NP an agreement (S *ICH*-2)) (PP with (NP federal regulators)) (S-2 (NP-SBJ *) (VP to (VP provide (NP additional capital) (PP-DTV to (NP MeraBank)))))))))))))))) .)) (TOP (S (NP-SBJ Hercules) (VP dropped (NP-EXT (QP 2 5/8)) (PP-DIR to (NP (QP 41 3/4))) (PP on (NP (NP (QP one million) shares) -- (NP (QP about six times) its average daily trading volume) --)) (PP-TMP after (NP a disappointing third-quarter earnings report))) .)) (TOP (S (NP-SBJ (NP Merrill Lynch) and (NP Prudential-Bache Securities)) both (VP lowered (NP (NP the stock 's) investment rating) (SBAR-TMP immediately after (S (NP-SBJ-1 the results) (VP were (VP issued (NP *-1) (NP-TMP Friday))))) , (PP according (PP to (NP PIR)))) .)) (TOP (S (ADVP-LOC Elsewhere (PP in (NP the chemicals sector))) , (S (NP-SBJ Dow Chemical) (VP fell (NP-EXT (QP 1 1/4)) (PP-DIR to (NP (QP 97 1/2))))) , (S (NP-SBJ Monsanto) (VP lost (NP (QP 1 7/8)) (PP-DIR to (NP 118)))) , (S (NP-SBJ B.F. Goodrich) (VP slipped (NP-EXT (QP 2 1/4)) (PP-DIR to (NP (QP 44 3/4))))) and (S (NP-SBJ Olin) (VP slid (NP-EXT 1) (PP-DIR to (NP (QP 57 3/4))))) .)) (TOP (S (NP-SBJ (NP Other stocks) (VP hurt (NP *) (PP by (NP-LGS earnings-related selling)))) (VP included (NP (NP (NP Tandy) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP dropped (NP-EXT (QP 1 3/8)) (PP-DIR to (NP 44))))) ,) and (NP (NP Eaton) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP retreated (NP-EXT (QP 2 1/2)) (PP-DIR to (NP (QP 57 1/2))))))))) .)) (TOP (S (NP-SBJ (NP Third-quarter earnings) (PP-LOC at (NP both companies))) (VP were (PP-PRD below (NP (NP analysts ') forecasts))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP declining (NP-EXT (QP about 41) %) (NP-TMP last week)))) , (NP-SBJ-1 UAL) (VP advanced (NP-EXT (QP 9 7/8)) (PP-DIR to (NP (QP 178 3/8))) (PP on (NP (QP 1.1 million) shares)) (PP on (NP (NP anticipation) (PP of (NP (NP a revised takeover offer) (PP from (NP a labor-management group)) (PP for (NP (NP the parent company) (PP of (NP United Airlines))))))))) .)) (TOP (S (ADVP However) , (S (NP-SBJ Delta Air Lines) (VP fell (NP-EXT (QP 1 1/2)) (PP-DIR to (NP (QP 67 1/2))))) and (S (NP-SBJ USAir Group) (VP dropped (NP-EXT 3/4) (PP-DIR to (NP (QP 42 1/2))))) .)) (TOP (S (NP-SBJ-2 Ramada) (VP gained (NP 7/8) (PP-DIR to (NP (QP 11 1/4))) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP revamping (NP (NP the terms) (PP of (NP (NP its restructuring plan) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP calls (SBAR for (S (NP-SBJ the company) (VP to (VP (VP sell (NP its hotel operations) (PP-CLR for (NP (QP $ 540 million) *U*))) and (VP spin (PRT off) (NP its casino business) (PP-CLR to (NP shareholders))))))))))))))))) .)) (TOP (S (NP-SBJ The revision) (VP follows (NP (NP (NP last month 's) withdrawal) (PP of (NP (NP a (ADJP (QP $ 400 million) *U*) junk-bond offering) (PP for (NP (NP the new casino company) , (NP Aztar Corp))))))) .)) (TOP (S (NP-SBJ Mead) (VP gained (NP 1) (PP-DIR to (NP (QP 37 7/8)))) .)) (TOP (S (NP-SBJ USA Today) (VP reported (SBAR that (S (NP-SBJ (NP the Rales brothers) , (NP (NP (ADJP Washington , D.C.-based) investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP made (NP an unsuccessful offer (S (NP-SBJ *) (VP to (VP acquire (NP Interco) (NP-TMP last year))))))))) ,) (VP have (VP bought (NP (NP (QP nearly 3) %) (PP of (NP (NP Mead 's) common shares)))))))) .)) (TOP (S (NP-SBJ Entertainment and media stocks) (ADVP generally) (VP escaped (NP (NP the market 's) slide) (ADVP as well)) .)) (TOP (S (S (NP-SBJ Paramount Communications) (VP rose (NP-EXT 5/8) (PP-DIR to (NP (QP 58 3/4))))) , (S (NP-SBJ Time Warner) (VP climbed (NP-EXT (QP 1 7/8)) (PP-DIR to (NP (QP 138 5/8))))) , (S (NP-SBJ Walt Disney) (VP advanced (NP-EXT (QP 3 1/8)) (PP-DIR to (NP (QP 127 1/2))))) , (S (NP-SBJ MCA) (VP rose (NP-EXT (QP 1 1/8)) (PP-DIR to (NP (QP 65 5/8))))) and (S (NP-SBJ McGraw-Hill) (VP added (NP 1/2) (PP-DIR to (NP (QP 67 1/8))))) .)) (TOP (S (NP-SBJ The American Stock Exchange Market Value Index) (VP lost (NP 3.11) (PP-DIR to (NP 379.46))) .)) (TOP (S (NP-SBJ Volume) (VP totaled (NP 10,450,000 shares)) .)) (TOP (S (NP-SBJ Carnival Cruise Lines Class A) (VP fell (NP-EXT (QP 1 3/4)) (PP-DIR to (NP (QP 20 3/4)))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP had (VP been (VP notified (NP *-1) (ADVP-MNR unofficially) (SBAR that (S (NP-SBJ (NP Waertsilae Marine Industries) , (NP (NP a Finnish shipyard) (VP building (NP three cruise ships) (PP-BNF for (NP the company)))) ,) (VP (VP is (VP having (NP financial trouble))) and (VP may (ADVP already) (VP have (VP filed (PP-CLR for (NP bankruptcy)))))))))))))) .)) (TOP (S (NP-SBJ `` (NP Hacksaw) '' and `` (NP Bonecrusher) '') (VP are (NP-PRD (NP the sort) (PP of (NP (NP nicknames) (VP (ADVP-MNR normally) associated (NP *) (PP-CLR with (NP (NP linebackers) and (NP heavyweight contenders)))))))) .)) (TOP (SBARQ (WHNP-1 Who) (SQ 'd (NP-SBJ *T*-1) (VP have (VP thought (SBAR that (S (NP-SBJ (NP the next group) (PP of (NP (NP tough guys) (VP carrying (PP-CLR around (NP (NP reputations) (PP like (NP that)))))))) (VP would (VP be (NP-PRD school superintendents)))))))) ?)) (TOP (S (NP-SBJ (NP Chicago 's) new school chief) (VP is (NP-PRD the hard-nosed Ted Kimbrough)) .)) (TOP (S (PP-LOC At (NP (NP his old job) (PP-LOC in (NP (NP Compton) , (NP Calif.))))) , (NP-SBJ he) (VP (VP took (NP (NP a bitter teachers ') strike)) and (VP (ADVP nearly) came (PP-CLR to (NP blows)) (PP-CLR with (NP a school-board member)))) .)) (TOP (S (PP-LOC At (NP his first Chicago press conference)) , (NP-SBJ he) (VP berated (NP the reporters)) .)) (TOP (S (PP-LOC In (NP New York City)) , (NP-SBJ (NP the new Chancellor) , (NP Joseph Fernandez) ,) (VP has (VP landed (PP-MNR like (NP a 16-inch shell)) (PP-LOC in (NP (NP the middle) (PP of (NP (NP a system) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP been (ADJP-PRD impervious (PP to (NP serious reform))))))))))))) .)) (TOP (S (NP-SBJ Both men) (VP fit (NP (NP (NP the mood) (PP of (NP the times)))) -- (S-ADV (NP-SBJ the mood) (VP being (NP-PRD (NP one) (PP of (NP (NP a public) (VP fed (PRT up) (PP-CLR with (NP (NP (NP officials ') rationalizations) (PP for (SBAR (WHADVP-1 why) (S (NP-SBJ their schools) (VP do n't (VP work (ADVP-PRP *T*-1))))))))))))))) .)) (TOP (S (NP-SBJ Former (NAC-LOC Patterson , N.J. ,) principal Joe Clark) (VP was (NP-ADV no doubt) (NP-PRD (NP (NP the general public 's) first experience) (PP with (NP (NP this new breed) (PP of (NP no-nonsense administrator)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD (NP The subject) (PP of (NP (NP the movie) `` (S-TTL (NP-SBJ *) (VP Lean (PP on (NP Me)))))))) , '' (NP-SBJ-1 Mr. Clark) (VP controlled (NP his school) (PP-MNR with (NP (NP a bullhorn) and (NP a baseball bat)))) .)) (TOP (S (S (NP-SBJ He) (VP may (VP have (VP gone (ADVP-DIR overboard) (PP-LOC in (NP (NP his pursuit) (PP of (NP good discipline)))))))) , but (SQ is n't (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD interesting) (SBAR-1 that (S (NP-SBJ (NP some) (PP of (NP (NP the country 's) biggest , (ADJP most troubled) school districts))) (VP are (VP choosing (NP new chiefs) (PP from (NP the same gravel-chewing mold))))))) ?)) (TOP (S (NP-SBJ (NP Elena Scambio) , (NP (NP the woman) (VP assigned (S (NP-SBJ *) (VP to (VP run (NP (NP the Jersey City school system) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP was (VP taken (PRT over) (NP *-2) (PP by (NP-LGS the state)))))))))))) ,) (VP says (SBAR 0 (S (NP-SBJ her top priority) (VP will (VP be (S-PRD (NP-SBJ *) (VP to `` (VP cut (PP-CLR through (NP (NP the dead hand) (PP of (NP bureaucracy)))))))))))) . '')) (TOP (S (S (NP-SBJ Mr. Fernandez) (VP does n't (VP take (NP control) (PP-LOC in (NP New York)) (PP-TMP until (NP January))))) , but (S (ADVP already) (NP-SBJ he) (VP 's (VP roiling (NP the waters)))) .)) (TOP (S (NP-SBJ He) (VP 's (VP attacked (NP (NP the concept) (PP of (NP `` (NP building tenure) , '' (NP (NP one) (PP of (NP the (ADJP most disgraceful) institutions)) (PP-LOC in (NP American public schools)))))))) .)) (TOP (S (NP-SBJ It) (VP means (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP is (ADJP-PRD virtually impossible) (S-1 (NP-SBJ *) (VP to (VP fire or even transfer (NP incompetent principals)))))))) .)) (TOP (S (SBAR-TMP Once (S (NP-SBJ they) (VP are (PP-LOC-PRD in (NP the building))))) , (NP-SBJ they) (VP stay) .)) (TOP (S (NP-SBJ One South Bronx principal) (VP kept (NP his job) (PP-TMP for (NP 16 years)) , (PP despite (NP (NP a serious drinking problem) and (S-NOM (NP-SBJ *) (ADVP-TMP rarely) (VP showing (PRT up) (PP-CLR for (NP work))))))) .)) (TOP (S (NP-SBJ He) (VP was (ADVP finally) (VP given (NP leave) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 he) (VP was (VP arrested (NP-3 *-1) (PP-CLR for (S-NOM (NP-SBJ *-3) (ADVP allegedly) (VP buying (NP crack)))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (ADVP Naturally) , (S (NP-SBJ (NP the principals ') union) (VP loves (NP building tenure))) , and (S (NP-SBJ tenure) (VP has (VP withstood (NP previous challenge)))) .)) (TOP (S (NP-SBJ We) (VP suggest (SBAR that (S (NP-SBJ Mr. Fernandez) (VP (VP find (NP an incompetent principal)) , (VP toss (NP him) (PP-DIR out (PP of (NP the building)))) and (VP let (S (NP-SBJ (NP the forces) (PP of (NP the status quo))) (VP explain (PP-CLR to (NP the parents)) (SBAR-NOM (WHNP-1 whatever) (S-CLF (NP-SBJ it) (VP is (NP-PRD *T*-1) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP 're (VP defending (NP *T*-2))))))))))))))) .)) (TOP (S (PP-LOC In (NP his old job)) , (PP as (NP Dade County chief)) , (NP-SBJ Mr. Fernandez) (VP (VP forced (ADVP-DIR out) (NP 92 teachers)) and (VP reshuffled (NP 48 principals))) .)) (TOP (S (NP-SBJ He) (VP cut (NP the dropout rate) (PP-EXT by (NP 5.5 %))) .)) (TOP (S (S But (NP-SBJ-2 the no-more-nonsense superintendents) (VP are (VP going (S (NP-SBJ-3 *-2) (VP to (VP have (S (NP-SBJ *-3) (VP to (VP be (ADJP-PRD judicious) (ADVP as well)))))))))) ; (S (S (NP-SBJ incompetent principals and administrators) (VP should (VP go))) , but (S (NP-SBJ-4 the good ones) (VP ought (S (NP-SBJ-1 *-4) (VP to (VP be (VP left (NP *-1) (ADVP-CLR alone)))))))) .)) (TOP (S (NP-SBJ The situation) (VP will (VP be (ADJP-PRD especially delicate) (PP for (NP Mr. Kimbrough)))) .)) (TOP (S (NP-SBJ He) (VP takes (PRT over) (NP (NP a school system) (PP-LOC in (NP (NP the midst) (PP of (NP radical reform)))))) .)) (TOP (S (NP-SBJ Chicagoans) (VP have (ADVP just) (VP elected (NP (NP 540 neophyte school boards) , (NP (NP one) (PP for (NP each school)))))) .)) (TOP (S (NP-SBJ This) (PP of (NP course)) (VP led (PP-DIR to (NP disaster)) (PP-LOC in (NP New York City))) .)) (TOP (S (S (S-NOM-SBJ (NP-SBJ *) (VP Getting (S (NP-SBJ (NP a community) (PP of (NP parents))) (VP to (VP care (ADVP again) (PP-CLR about (NP its schools))))))) (VP is (ADJP-PRD essential))) , but (S (PP-LOC in (NP Chicago)) (S (NP-SBJ the new boards) (VP will (VP make (NP mistakes)))) and (S (NP-SBJ-1 Mr. Kimbrough) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP identify (NP them)))))))) .)) (TOP (S (NP-SBJ (NP The rise) (PP of (NP (NP superintendents) (PP such as (NP (NP Joseph Fernandez) and (NP Ted Kimbrough)))))) (VP suggests (ADVP-MNR plainly) (NP (NP the process) (PP of (NP disintegration)) (PP-LOC in (NP many school systems)))) .)) (TOP (S (NP-SBJ-1 (NP (NP The schools ') central mission) , (S-NOM (NP-SBJ *) (VP educating (NP children))) ,) (VP became (VP subsumed (NP *-1) (PP by (NP (NP the competing interests) (PP of (NP bureaucrats , politicians and unions)))))) .)) (TOP (S (S (NP-SBJ (NP The classroom) (NP itself)) (VP operated (PP-LOC on (NP (NP the periphery) (PP of (NP this awful system)))))) , (S (NP-SBJ discipline) (VP collapsed)) , and (S (NP-SBJ-1 kids) (VP stopped (S (NP-SBJ *-1) (VP learning)))) .)) (TOP (S (S (NP-SBJ Mr. Chips) (VP was (NP-PRD a nice fellow))) , and (S (ADVP maybe) (NP-TMP some day) (NP-SBJ he) (VP 'll (VP return))) .)) (TOP (S (PP-TMP Until (NP then)) , (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP 's (ADJP-PRD clear) (SBAR-2 that (S (NP-SBJ-3 (NP some) (PP of (NP (NP the people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP 've (VP been (VP keeping (NP big-city schools) (ADVP-CLR down))))))))) (VP are (VP going (S (NP-SBJ *-3) (VP to (VP be (VP dealing (PP-CLR with (NP the Terminator))))))))))) .)) (TOP (S (NP-SBJ-1 Ingersoll Publications Co.) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP the New Haven Register) (PP-LOC in (NP (NP a transaction) (VP valued (NP *) (PP-CLR at (NP (QP $ 275 million) *U*))))) (PP-CLR from (NP Goodson Newspaper Group Inc)))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP the agreement)))) , (NP-SBJ-3 Goodson) (ADVP also) (VP terminated (NP (NP the contract) (SBAR (WHPP-2 under (WHNP which)) (S (NP-SBJ Ingersoll) (VP manages (NP (NP Goodson 's) 66 newspapers) (PP-LOC *T*-2))))) , (S-ADV (NP-SBJ *-3) (VP ending (NP (NP a long association) (PP between (NP the two companies)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP turned (ADJP-PRD increasingly bitter) (ADVP-TMP recently))))))))) .)) (TOP (S (NP-SBJ Goodson) (VP has (VP accused (NP-1 Ingersoll) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP (VP paying (NP-2 less attention) (PP-CLR-3 to (NP its properties))) and (VP (NP=2 more) (PP-CLR=3 to (NP (NP such ventures) (PP as (NP (NP the recent launch) (PP of (NP the St. Louis Sun)))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP the terms) (PP of (NP the accord)))) , (NP-SBJ Ingersoll) (VP will (VP pay (NP (QP about $ 255 million) *U*) (PP-CLR for (NP (NP the Register) , (NP (NP a daily) (SBAR (WHNP-1 that) (S (NP-SBJ Goodson) (VP bought (NP *T*-1) (PP-CLR for (NP (QP about $ 170 million) *U*)) (PP-TMP in (NP 1986)))))))))) .)) (TOP (S (NP-SBJ Goodson) (VP will (VP pay (NP the additional (QP $ 20 million) *U*) (PP in (NP (NP settlement) (PP of (NP the management contract)))))) .)) (TOP (S (NP-SBJ Goodson) (ADVP also) (VP announced (SBAR that (S (NP-SBJ it) (VP hired (NP (NP (NP the former (NX (NX president) and (NX senior vice president))) (PP of (NP Ingersoll))) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP run (NP the Goodson papers)))))))))) .)) (TOP (S (NP-SBJ Both executives) (VP left (NP the company) (PP-TMP after (NP (NP clashes) (PP with (NP Chairman Ralph Ingersoll Jr))))) .)) (TOP (S (NP-SBJ-3 (NP Goodson) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP based (NP *-1) (ADVP-LOC here))))) ,) (VP will (VP use (NP (NP part) (PP of (NP the proceeds))) (S-CLR (NP-SBJ *-3) (VP to (VP pay (PRT down) (NP (NP debt) (VP associated (NP *) (PP-CLR with (NP (NP its purchase) (PP of (NP the Morristown Daily Record)) (PP for (NP (QP $ 155 million) *U*)) (PP-TMP in (NP 1987))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The New Jersey paper) , (PP like (NP the (NAC-LOC New Haven , Conn. ,) paper)) ,) (VP was (VP purchased (NP *-1) (PP by (NP-LGS Ingersoll)) (PP on (NP (NP Goodson 's) behalf)) (PP as (NP (NP part) (PP of (NP the management contract)))))) .)) (TOP (S (NP-SBJ Industry analysts) (VP have (VP said (SBAR that (S (NP-SBJ (NP the purchase price) (PP for (NP the paper))) (VP was (ADJP-PRD too high) , (S-ADV (NP-SBJ *) (VP causing (NP (NP a strain) (PP on (NP (NP Goodson 's) finances)))))))))) .)) (TOP (S (NP-SBJ (NP Investment bankers) (ADJP familiar (PP with (NP the company)))) (VP said (SBAR 0 (S (NP-SBJ-1 Goodson) (VP (VP is (VP seeking (NP (NP a new bank credit line) (PP of (NP (QP $ 190 million) *U*))))) and (VP may (VP have (S (NP-SBJ *-1) (VP to (VP sell (NP additional newspapers)))))))))) .)) (TOP (S (NP-SBJ (NP David N. Hurwitz) , (NP (NP (NP president) and (NP chief operating officer)) (PP of (NP Goodson))) ,) (VP said (PP-LOC in (NP a telephone interview)) (SBAR that (S (NP-SBJ the company) (VP does n't (ADVP-TMP currently) (VP have (NP any plans (S (NP-SBJ *) (VP to (VP sell (NP additional newspapers)))))))))) .)) (TOP (S (NP-SBJ Goodson) (VP said (SBAR 0 (S (NP-SBJ (NP (NP David Carr) , (NP (NP former president) (PP of (NP Ingersoll Publications))) ,) and (NP (NP Ray Cockburn) , (NP former senior vice president) ,)) (VP would (VP head (NP (NP the new in-house management team) (PP-LOC at (NP (NP Goodson) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP (NP revenue) (PP of (NP (QP $ 225 million) *U*))) (PP-TMP in (NP 1988))))))))))))) .)) (TOP (S (NP-SBJ (NP The association) (PP between (NP the two companies))) (VP stretches (ADVP back) (NP-EXT thirty years) (PP-CLR to (NP (NP a friendship) (PP between (NP (NP television producer Mark Goodson) and (NP Ingersoll founder Ralph Ingersoll)))))) .)) (TOP (S (NP-SBJ (NP (NP The latter 's) son) , (NP Ralph Ingersoll Jr.) ,) (VP (VP took (PRT over) (NP the company)) and (VP has (VP been (VP (VP managing (NP the Goodson properties)) and (VP acting (PP-CLR as (NP (NP an agent) (PP-LOC in (NP (NP the purchase) (PP of (NP newspapers)))))) (PP for (NP Goodson))))))) .)) (TOP (S But (PP-TMP in (NP recent years)) , (NP-SBJ-1 Mr. Ingersoll) (VP began (S (NP-SBJ-2 *-1) (VP focusing (ADVP more) (PP-CLR on (S-NOM (NP-SBJ *-2) (VP expanding (NP his own newspaper empire) (PP-MNR in (NP (NP partnership) (PP with (NP investment banking firm Warburg , Pincus & Co)))))))))) .)) (TOP (S (NP-SBJ Ingersoll) (VP has (NP (NP 28 dailies) and (NP 200 other non-daily papers)) (PP-LOC in (NP (NP the U.S.) and (NP Europe)))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ its revenue) (VP will (VP exceed (NP (QP $ 750 million) *U*) (NP-TMP this year)))))) .)) (TOP (S (NP-SBJ Ingersoll President Robert M. Jelenic) (VP said (PP-LOC in (NP a statement)) (SBAR that (S (NP-SBJ-1 the company) (VP (VP is `` (ADJP-PRD delighted (PP by (NP (NP the conclusion) (PP of (NP the Goodson relationship))))) '') and (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP `` concentrate (NP all our energies) '' (PP-CLR on (NP (NP Ingersoll 's) own papers)))))))))))) .)) (TOP (S (NP-SBJ-2 Mr. Goodson) , (PP-LOC in (NP his own statement)) , (VP was (ADJP-PRD less upbeat) , (S-ADV (NP-SBJ *-2) (VP saying `` (S (ADVP unfortunately) (PP-TMP over (NP the past few years)) , (NP-SBJ (NP it) (SBAR *EXP*-3)) (VP has (VP become (ADJP-PRD increasingly clear) (SBAR-3 (SBAR that (S (NP-SBJ (NP Ralph) and (NP I)) (VP have (NP different agendas)))) , '' and (SBAR that (S (NP-SBJ he) (VP feels `` (ADJP-PRD more comfortable (PP with (NP (NP a management team) (SBAR (WHNP-1 whose sole interest and responsibility) (S (NP-SBJ *T*-1) (VP is (PP-LOC-PRD in (NP the Goodson papers)))))))))))))))))) .)) (TOP (S (SBAR-TMP (NP Just five months) after (S (NP-SBJ Ogilvy Group) (VP was (VP swallowed (PRT up) (PP-LOC in (NP an unsolicited takeover)))))) , (NP-SBJ (NP Kenneth Roman) , (NP (NP Ogilvy 's) (NX (NX chairman) and (NX chief executive officer))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP is (VP leaving (S-PRP (NP-SBJ *-1) (VP to (VP take (NP (NP a top post) (PP-LOC at (NP American Express Co))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Roman) , (ADJP (NP 59 years) old) ,) (ADVP-MNR abruptly) (VP announced (SBAR 0 (S (NP-SBJ-2 he) (VP will (VP leave (NP (NP the venerable ad agency) , (SBAR (WHNP-1 whose largest client) (S (NP-SBJ *T*-1) (VP is (NP-PRD American Express)))) ,) (S-PRP (NP-SBJ *-2) (VP to (VP become (NP-PRD (NP (NP American Express 's) executive vice president) (PP for (NP corporate affairs and communications))))))))))) .)) (TOP (S (NP-SBJ He) (VP will (VP succeed (NP (NP Harry L. Freeman) , (NP 57) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP said (SBAR 0 (S (NP-SBJ he) (VP will (VP retire (PP-TMP in (NP December))))))))))))) .)) (TOP (S (NP-SBJ Mr. Freeman) (VP said (PP-TMP in (NP August)) (SBAR that (S (NP-SBJ-1 he) (VP would (VP retire (PP-TMP by (NP (NP the end) (PP of (NP this year)))) (S-PRP (NP-SBJ *-1) (VP to (VP take (NP `` (NP executive responsibility) '' (PP for (NP an embarrassing effort (S (NP-SBJ *) (VP to (VP discredit (NP banker Edmond Safra))))))))))))))) .)) (TOP (S (NP-SBJ American Express representatives) (ADVP apparently) (VP influenced (NP (NP the publication) (PP of (NP (NP unfavorable articles) (PP about (NP Mr. Safra)))))) .)) (TOP (S (NP-SBJ-1 The company) (ADVP-TMP later) (VP (VP apologized) and (VP agreed (S (NP-SBJ *-1) (VP to (VP make (NP (NP (QP $ 8 million) *U*) (PP in (NP (NP contributions) (PP to (NP (NP charities) (VP chosen (NP *) (PP by (NP-LGS him))))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Mr. Freeman) (VP is (VP retiring)))) , (NP-SBJ-1 he) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP work (PP-MNR as (NP a consultant)) (PP for (NP American Express)) (PP-MNR on (NP a project basis))))))) .)) (TOP (S (NP-SBJ Ad industry executives) (VP were n't (ADJP-PRD surprised (PP by (NP (NP Mr. Roman 's) decision (S (NP-SBJ *) (VP to (VP leave (NP Ogilvy)))))))) .)) (TOP (S (NP-SBJ-1 The agency) , (PP-LOC under (NP his direction)) , (ADVP-MNR bitterly) (VP fought (NP (NP a takeover attempt) (PP by (NP (NP WPP Group PLC) (PP of (NP London))))) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP succumbing (PP-TMP in (NP May)))))) .)) (TOP (S And (SBAR-ADV although (S (NP-SBJ-1 (NP Mr. Roman) and (NP (NP (NP WPP 's) chief executive) , (NP Martin Sorrell) ,)) (VP have (VP gone (PP-DIR out (PP of (NP their way))) (S-CLR (NP-SBJ *-1) (VP to (VP be (ADJP-PRD publicly supportive (PP of (NP each other)))))))))) , (NP-SBJ (NP people) (ADJP close (PP to (NP Mr. Roman)))) (VP say (SBAR 0 (S (NP-SBJ-2 he) (VP was (ADJP-PRD unhappy) (S-ADV (NP-SBJ *-2) (VP giving (PRT up) (NP (NP control) (PP of (NP the company))))))))) .)) (TOP (S (NP-SBJ Some executives) (ADVP also) (VP cite (NP (NP tension) (PP-PRP because of (NP (NP efforts (S *ICH*-1)) (PP by (NP (NP Mr. Sorrell) , (NP a financial man) ,)) (S-1 (NP-SBJ *) (VP to (VP cut (NP costs) (PP-LOC at (NP the agency))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Roman) (VP will (VP be (VP succeeded (NP *-1) (PP-CLR as (NP (NP the head) (PP of (NP (NP (NP Ogilvy 's) flagship ad agency) , (NP Ogilvy & Mather Worldwide) ,)))) (PP by (NP-LGS (NP Graham Phillips) , (NP 50) , (SBAR (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP had (VP been (NP-PRD (NP president) (PP of (NP (ADJP North American) operations))))))) and (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) , (PP like (NP Mr. Sorrell)) , (VP is (ADJP-PRD British)))))))))) .)) (TOP (S (NP-SBJ (NP Alexander Brody) , (NP 56) ,) (VP will (VP take (PRT on) (NP (NP the (ADJP newly created) position) (PP of (NP (NP (NP president) (PP of (NP the world-wide agency))) and (NP (NP chief executive) (PP of (NP its international operations)))))))) .)) (TOP (S (NP-SBJ He) (VP had (VP been (NP-PRD (NP president) (PP of (NP the international operations))))) .)) (TOP (S (S (NP-SBJ Mr. Roman) (ADVP also) (VP had (VP overseen (NP (NP (NP Ogilvy Group 's) two other units) , (NP (NP the Scali McCabe Sloves advertising agency) and (NP its research division)) ,)))) but (S (NP-SBJ those units) (VP will (ADVP-TMP now) (VP report (ADVP-MNR directly) (PP-CLR to (NP WPP))))) .)) (TOP (S (NP-SBJ Mr. Roman) (VP appears (ADJP-PRD custom-made (PP for (NP the American Express job)))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Known (NP *-2) (PP-CLR as (NP a traditional executive)))) , (NP-SBJ-1 he) (VP is (ADVP very much) (PP-PRD in (NP the conservative American Express mold))) .)) (TOP (S (ADVP Moreover) , (PP-TMP after (NP (NP 26 years) (PP-LOC at (NP Ogilvy)))) (NP-SBJ he) (VP had (VP honed (NP (NP a reputation) (PP for (S-NOM (NP-SBJ *) (VP being (UCP-PRD (ADJP squeaky-clean) and (NP a straight arrow))))) -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP can (ADVP only) (VP help (NP American Express) (PP-LOC in (NP (NP the wake) (PP of (NP the Safra incident))))))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP is (ADJP-PRD close (PP to (NP (NP (NP American Express 's) (NX (NX chairman) and (NX chief executive officer))) , (NP James D. Robinson III))))) .)) (TOP (S (ADVP Aside (PP from (S-NOM (NP-SBJ *) (VP working (PP-CLR with (NP Mr. Robinson)) (PP-CLR on (NP the American Express advertising account)) (PP-TMP for (NP (QP about 11) years)))))) , (NP-SBJ Mr. Roman) (VP serves (PP-LOC-CLR on (NP (NP several) (PP of (NP (NP the same charities and boards) (PP as (NP Mr. Robinson))))))) .)) (TOP (S (NP-SBJ The abrupt management change) (VP sparked (NP widespread speculation (SBAR that (S (NP-SBJ-1 Mr. Roman) (VP had (VP been (VP pushed (NP *-1) (PP-DIR out (PP of (NP (NP Ogilvy 's) top spot))) (PP by (NP-LGS Mr. Sorrell))))))))) .)) (TOP (S But (NP-SBJ-1 Mr. Roman) (ADVP-MNR flatly) (VP denied (NP the speculation) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ-2 Mr. Sorrell) (VP had (VP tried (NP-TMP several times) (S (NP-SBJ *-2) (VP to (VP persuade (NP-3 him) (S (NP-SBJ *-3) (VP to (VP stay)))))) , (S-ADV (NP-SBJ *-2) (VP (VP offering (NP various incentives)) and (VP (PP-TMP in (NP one instance)) sending (NP a note) (PP with (NP (NP a case) (PP of (NP (NP wine) (PRN -LRB- (S (NP-SBJ The wine) , (ADVP naturally) , (VP was (NP-PRD (NP (NP Seagram 's) brand) , (NP an Ogilvy client)))) -RRB-))))))))))))))) .)) (TOP (S `` (NP-SBJ He) (VP asked (NP-1 me) (S (NP-SBJ *T*-1) not (VP to (VP resign)))) .)) (TOP (S (S-TPC-2 (NP-SBJ The implication (SBAR that (S (NP-SBJ-1 I) (VP was (VP pushed (NP *-1) (ADVP-DIR aside)))))) (VP would n't (VP be (ADJP-PRD accurate)))) , '' (NP-SBJ Mr. Roman) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ-2 Mr. Sorrell) , (S-ADV (NP-SBJ *-2) (VP traveling (PP-LOC in (NP the Far East)))) , (VP could n't (VP be (VP reached (NP *-2)))) .)) (TOP (S (NP-SBJ Mr. Roman) (VP said (SBAR 0 (S (NP-SBJ (NP American Express 's) Mr. Robinson) (ADVP-TMP first) (VP approached (NP him) (PP about (NP the job)) (PP-TMP in (NP late September)))))) .)) (TOP (S (PP According (PP to (NP industry executives))) , (NP-SBJ (NP Peter Sutherland) , (NP (NP a former European Community commissioner) (PP from (NP Ireland))) ,) (VP was (ADVP also) (NP-PRD (NP a serious contender) (PP for (NP the American Express job)))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 it) (ADVP ultimately) (VP was n't (VP offered (NP *-1) (PP-DTV to (NP him)))))) , (NP-SBJ he) (VP will (VP be (PP-PRD on (NP (NP retainer) (PP to (NP American Express)))) (PP-MNR as (NP (NP an adviser) (PP on (NP international matters)))))) .)) (TOP (S-1 (PP-TMP After (S-NOM (NP-SBJ *-2) (VP talking (ADVP on and off) (PP-TMP for (NP the past four weeks))))) , (PRN (S (NP-SBJ Mr. Roman) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 he) (VP agreed (S (NP-SBJ *-2) (VP to (VP take (NP the job)))) (SBAR-PRP because `` (S (S (NP-SBJ it) (VP 's (NP-PRD the right time))) , (S (NP-SBJ it) (VP 's (NP-PRD a terrific opportunity))) , and (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ I) (VP leave (NP the company) (PP-LOC-CLR in (NP (ADJP very strong) hands)))))))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP my decision) , not (NP anyone else 's))) . '')) (TOP (S (NP-SBJ Mr. Roman) (ADVP also) (VP brushed (PRT aside) (NP (NP reports) (PP about (NP (NP infighting) (PP between (NP (NP him) and (NP (NP Mr. Phillips) , (NP (NP his successor) (PP-LOC at (NP Ogilvy)))))))))) .)) (TOP (S (NP-SBJ The two executives) (VP could (ADVP hardly) (VP be (ADJP-PRD more different))) .)) (TOP (S (S (NP-SBJ Mr. Roman) (VP comes (PRT across) (PP-MNR as (NP a low-key executive)))) ; (S (NP-SBJ Mr. Phillips) (VP has (NP a flashier personality))) .)) (TOP (S (S (PP-TMP During (NP time off)) , (NP-SBJ Mr. Roman) (VP tends (PP-CLR to (NP his garden)))) ; (S (NP-SBJ Mr. Phillips) (VP confesses (PP-CLR to (NP (NP a fondness) (PP for (PRN , (PP among (NP other things)) ,) (NP (NP fast cars) and (NP planes))))))) .)) (TOP (S (NP-SBJ Industry executives) (VP say (SBAR that (S (SBAR-ADV although (S (NP-SBJ-1 the two executives) (VP used (S (NP-SBJ *-1) (VP to (VP clash (ADVP-TMP more frequently))))))) , (NP-SBJ the WPP takeover) (VP brought (NP them) (ADVP-CLR closer together))))) .)) (TOP (S `` (NP-SBJ I) (VP 'm (NP-PRD (NP the guy) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP made (S (NP-SBJ him) (NP-PRD (NP (NP head) (PP of (NP New York))) , (NP (NP head) (PP of (NP the U.S.))) , (NP (NP president) (PP of (NP North America))) ,))) and (VP recommended (NP him) -LCB- (PP-CLR to (NP Mr. Sorrell)) -RCB- (PP-CLR as (NP my successor)))))))) .)) (TOP (S (SQ-TPC-1 Would (NP-SBJ I) (VP have (VP done (NP all those things) (ADVP successively) (SBAR-ADV if (S (NP-SBJ I) (VP did n't (VP think (SBAR 0 (S (NP-SBJ he) (VP was (NP-PRD the right guy))))))))))) ? '' (NP-SBJ Mr. Roman) (VP asked (SQ *T*-1)) .)) (TOP (S (NP-SBJ He) (VP (VP labeled (S (NP-SBJ (NP reports) (PP of (NP friction))) `` (ADJP-PRD ridiculous))) , '' and (VP said (SBAR that (S (NP-SBJ he) (VP spent (NP (NP part) (PP of (NP the weekend))) (PP-LOC on (NP (NP (NP Mr. Phillips 's) boat) (PP-LOC in (NP Connecticut))))))))) .)) (TOP (S (S (NP-SBJ Mr. Roman) (VP will (VP oversee (NP (NP American Express 's) public relations and government affairs) , (PP among (NP other things))))) , but (S (NP-SBJ-1 he) (VP wo n't (VP be (VP involved (NP *-1) (PP-CLR in (NP (NP its advertising) , (SBAR (WHNP-3 which) (S (NP-SBJ-2 *T*-3) (VP is (VP handled (NP *-2) (PP by (NP-LGS the operating units)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP consider (NP this) (NP a second career))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP will (VP sit (PP-CLR on (NP (NP (NP the company 's) corporate planning and policy committee) , (VP made (PRT up) (PP-CLR of (NP the top corporate and operating executives))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Roman 's) departure) (VP is n't (VP expected (S (NP-SBJ *-1) (VP to (VP have (NP any enormous repercussions) (PP-LOC at (NP Ogilvy))))))) .)) (TOP (S (NP-SBJ (NP American Express) , (NP Kraft General Foods) , and (NP Mattel executives)) (VP said (SBAR 0 (S (NP-SBJ the move) (VP wo n't (VP affect (NP (NP their relationships) (PP with (NP the ad agency)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 (NP (NP General Foods 's) relationships) (PP with (NP its agencies))) (VP (VP are (VP based (NP *-1) (PP-CLR on (NP (NP the agencies ') work)))) , and (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP be (VP *?*)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP David Hurwitt) , (NP (NP a vice president) (PP of (NP Kraft General Foods)))) .)) (TOP (S But (NP-SBJ some clients and analysts) (VP expressed (NP concern (SBAR that (S (NP-SBJ Mr. Phillips) (VP is n't (ADJP-PRD as well-known (PP to (NP many clients)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Ken) (VP was (NP-PRD my key contact))) , '' (VP said (S *T*-2)) (NP-SBJ (NP J. Nicholas Hahn) , (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP (NP Cotton Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP represents (NP cotton producers)))))))) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP know -LCB- (NP Mr. Phillips) -RCB- (ADVP-MNR all that well))) .)) (TOP (S (NP-SBJ I) (VP have n't (VP (VP seen (NP *RNR*-1)) or (VP talked (PP to (NP *RNR*-1))) (NP-1 him) (PP-TMP in (NP several years)))) . '')) (TOP (S And (NP-SBJ some analysts) (VP questioned (SBAR whether (S (NP-SBJ Mr. Phillips) (VP would (VP have (NP (NP the skills) (SBAR (WHNP-1 0) (S (NP-SBJ Ogilvy) (VP needs (NP *T*-1) (S-PRP (NP-SBJ *) (VP to (VP turn (NP-PRD the agency) (PRT around))))))))))))) .)) (TOP (S (S (SBAR-ADV While (S (NP-SBJ the agency) (VP has (VP done (ADVP-MNR well) (PP-TMP in (NP (NP many parts) (PP of (NP the world)))))))) , (NP-SBJ its flagship New York office) (VP has (VP had (NP a dismal track record) (ADVP-TMP recently)))) ; (S (NP-SBJ-1 it) (VP has (VP won (NP few new accounts) (SBAR-TMP while (S (NP-SBJ *-1) (VP losing (NP (NP big ones) , (PP including (NP Maxwell House))))))))) .)) (TOP (S `` (NP-SBJ I) (VP think (SBAR 0 (S -LCB- (NP-SBJ-1 Mr. Phillips) -RCB- (VP is (VP going (S (NP-SBJ *-1) (VP to (VP need (NP some help))))))))) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ they) (VP need (NP creative leadership)))))) , and (S (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ they) (VP have (NP it)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Emma Hill) , (NP (NP an analyst) (PP with (NP Wertheim & Co)))) .)) (TOP (S (NP-SBJ (NP (NP Ogilvy & Mather 's) top creative executive) , (NP Norman Berry) ,) (VP left (NP the agency) (NP-TMP earlier this year)) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ Norm Berry) (VP was (NP-PRD a creative inspiration) (PP-LOC at (NP the company)))) , and (S (NP-SBJ nobody) (VP has (VP filled (NP that void))))) , '' (VP said (S *T*-1)) (NP-SBJ Ms. Hill) .)) (TOP (S But (NP-SBJ other analysts) (VP said (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP having (S (NP-SBJ Mr. Phillips) (VP succeed (NP Mr. Roman))))) (VP would (VP make (PP-CLR for (NP a smooth transition))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Graham Phillips) (VP (VP has (VP been (ADVP-LOC-PRD there) (NP-TMP a long time))) , (VP knows (NP the culture) (ADVP-MNR well)) , (VP is (ADJP-PRD aggressive)) , and (VP (ADVP apparently) gets (PRT along) (ADVP-MNR well) (PP-CLR with '' (NP Mr. Sorrell))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Andrew Wallach) , (NP (NP an analyst) (PP with (NP Drexel Burnham Lambert)))) .)) (TOP (S `` (NP-SBJ It) (VP 's (ADVP probably) (NP-PRD a reasonable transition)) .)) (TOP (S (ADVP Hopefully) , (NP-SBJ he) (VP 'll (VP be (NP-PRD (NP the answer) (PP to (NP (NP the problems) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP 've (VP had (NP *T*-1) (PP-LOC in (NP New York))))))))))) . '')) (TOP (S-HLN (NP-SBJ (NP Sale) (PP of (NP Saatchi Unit))) (ADJP-PRD Close))) (TOP (S (NP-SBJ (NP Computer Sciences Corp.) , (NP-LOC (NP El Segundo) , (NP Calif.) ,)) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (ADJP-PRD close (PP to (S-NOM (NP-SBJ *) (VP making (S (ADJP-PRD final) (NP-SBJ an agreement (S (NP-SBJ *) (VP to (VP buy (NP Cleveland Consulting Associates) (PP-CLR from (NP Saatchi & Saatchi))))))))))))))))) (TOP (S (NP-SBJ Computer Sciences) (VP would n't (VP disclose (NP (NP the proposed purchase price) (PP for (NP (NP Cleveland Consulting) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP counsels (NP companies) (PP-CLR on (NP logistics and supply)))))))))) .)) (TOP (S But (NP-SBJ (NP David Lord) , (NP (NP managing editor) (PP of (NP (NP Consultants News) , (NP (NP an industry publication) (VP based (NP *) (PP-LOC-CLR in (NP (NP Fitzwilliam) , (NP N.H.)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ an industry standard) (VP would (VP suggest (NP (NP a purchase price) (PP of (NP (QP between one and two times) (NP Cleveland Consulting 's) (ADJP (QP approximately $ 15 million) *U*) annual revenue)))))))) .)) (TOP (S (NP-SBJ-2 Both (NP (NP Saatchi & Saatchi) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP announced (NP its intention (S (NP-SBJ *) (VP to (VP sell (PRT off) (NP (NP most) (PP of (NP its consulting business))) (PP-TMP in (NP June))))))))) ,) and (NP Cleveland Consulting)) (VP declined (S (NP-SBJ *-2) (VP to (VP comment (PP-CLR on (NP the proposed sale)))))) .)) (TOP (NP-HLN Ad Notes ... .)) (TOP (NP-HLN NEW ACCOUNT :)) (TOP (S (NP-SBJ (NP AmBase Corp.) , (NP-LOC New York) ,) (VP awarded (NP (NP the ad account) (PP for (NP its Home Insurance Co. unit))) (PP-DTV to (NP (NP Biederman , Kelly & Shaffer) , (NP-LOC New York)))) .)) (TOP (S (NP-SBJ-1 Billings) (VP were n't (VP disclosed (NP *-1))) ... .)) (TOP (S (NP-SBJ Puerto Rico Telephone Co.) (VP awarded (NP its (ADJP (QP $ 3 million) *U*) account) (PP-DTV to (NP (NP West Indies & Grey) , (NP (NP (NP Grey Advertising 's) office) (PP-LOC in (NP Puerto Rico)))))) .)) (TOP (NP-HLN DIET COKE :)) (TOP (S (NP-SBJ Coca-Cola Co.) (NP-TMP yesterday) (VP said (SBAR 0 (S (NP-SBJ-1 singer Elton John) (VP signed (S (NP-SBJ *-1) (VP to (VP appear (PP-LOC in (NP (NP an ad) (PP for (NP Diet Coke))))))))))) .)) (TOP (S (NP-SBJ-2 (NP Details) (PP of (NP (NP the commercial) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP be (NP-PRD (NP part) (PP of (NP (NP the brand 's) 1990 advertising campaign))))))) ,))) (VP were n't (VP disclosed (NP *-2))) .)) (TOP (S (NP-SBJ Mr. John) (VP becomes (NP-PRD (NP the latest) (PP of (NP (NP many music stars) , (PP including (NP (NP George Michael) and (NP Whitney Houston))) ,)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP appear (PP-LOC in (NP (NP ads) (PP for (NP the diet drink)))))))))) .)) (TOP (S (NP-SBJ Turner Broadcasting System Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP formed (NP (NP a unit) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP make and distribute (NP movies) (PP-CLR (PP to (NP (NP theaters) (ADVP-LOC overseas))) and (PRN , (ADVP-TMP eventually) ,) (PP to (NP U.S. theaters)) , (ADVP too))))))))))) .)) (TOP (S (NP-SBJ (NP The operator) (PP of (NP cable-television networks))) (VP said (SBAR 0 (S (NP-SBJ the new Turner Pictures unit) (VP will (VP produce (NP (NP movies) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP (VP will (VP premiere (PP-LOC on (NP (NP (NP Turner Broadcasting 's) Turner Network Television channel) , or (NP TNT) ,)))) and then (VP will (VP be (VP released (NP *-2) (ADVP-MNR internationally) (PP-LOC in (NP movie theaters)))))))))))))) .)) (TOP (S (NP-SBJ-3 (NP The unit 's) first two offerings) (VP are (VP slated (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP `` (NP-TTL (NP The Secret Life) (PP of (NP Ian Fleming))) , '' (NP (NP a dramatization) (PP about (NP (NP the former British spy) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP wrote (NP the James Bond novels)))))))) , and (NP `` (NP-TTL Treasure Island) , '' (VP produced (NP *) (PP by (NP-LGS (NP Charlton Heston) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (ADVP also) (VP stars (PP-LOC in (NP the movie))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Ted Turner) , (NP (NP Turner Broadcasting 's) chairman) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP chairman) (PP of (NP Turner Pictures)))))) ,) and (S (NP-SBJ-2 (NP Gerry Hogan) , (NP (NP president) (PP of (NP Turner Entertainment Networks))) ,) (VP was (VP named (S (NP-SBJ *-2) (NP-PRD (NP president) (PP of (NP the unit))))))) .)) (TOP (S (PP-LOC In (NP an interview)) , (NP-SBJ Mr. Hogan) (VP said (SBAR 0 (S (NP-SBJ (NP the subsidiary 's) primary mission) (VP will (VP be (S-PRD (NP-SBJ *) (VP (VP to (VP make (NP movies) (PP-BNF for (NP TNT)))) and (VP to (VP distribute (NP them) (ADVP-MNR internationally)))))))))) .)) (TOP (S But (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ Turner Broadcasting) (ADVP already) (VP has (VP found (NP (NP some ideas) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP work (ADVP-MNR well) (PP-MNR as (NP (NP films) (PP for (NP (NP theatrical release) (PP-LOC in (NP the U.S)))))))))))))))) .)) (TOP (S `` (S-TPC-3 (SBAR-TMP (SBAR (WHADVP-1 When) (S (NP-SBJ that) (VP occurs (ADVP-TMP *T*-1)))) , and (SBAR (WHADVP-2 when) (S (NP-SBJ the time) (VP is (ADJP-PRD right) (ADVP-TMP *T*-2))))) , (NP-SBJ we) (VP 'll (VP release (NP the films) (PP-LOC in (NP the U.S.))))) , '' (NP-SBJ-4 he) (VP said (S *T*-3) , (S-ADV (NP-SBJ *-4) (VP adding (SBAR that (S (NP-SBJ Turner Pictures) (VP may (VP develop (NP such movies) (NP-TMP next year) (PP for (NP (NP domestic release) (PP-TMP in (NP 1991))))))))))) .)) (TOP (S (S (NP-SBJ Turner) (VP has (VP made (NP several movies , docudramas and documentaries) (PP-BNF for (NP its networks)) (PP-TMP in (NP recent years))))) , but (S (NP-SBJ the company) (VP has (ADVP-TMP never) (VP (VP acted (PP-MNR as (NP a full-fledged movie studio))) and (VP released (NP its own pictures) (PP-CLR to (NP theaters)))))) .)) (TOP (S (NP-SBJ Mr. Hogan) (VP said (SBAR 0 (S (NP-SBJ `` (NP-TTL (NP The Secret Life) (PP of (NP Ian Fleming))) '' and `` (NP-TTL Treasure Island) '') (VP cost (NP (NP (NP (QP more than $ 6 million) *U*) (NP-ADV each)) (SBAR *ICH*-1)) (S-CLR (NP-SBJ *) (VP to (VP make (NP *?*)))) , (SBAR-1 (WHNP-3 which) (S (NP-SBJ *T*-3) (VP is (NP-PRD (NP (QP only about one-third) the cost) (PP of (NP (NP most movies) (VP made (NP *) (PP-PRP for (NP theatrical release))))))))))))) .)) (TOP (S (NP-SBJ The Turner move) (VP is (PP-PRD in (NP (NP line) (PP with (NP (NP a cable-TV trend) (PP (PP toward (NP more original programming)) -- and (PP toward (S-NOM (NP-SBJ *) (VP finding (NP (NP more ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP amortize (NP (NP the high cost) (PP of (S-NOM (NP-SBJ *) (VP producing (NP films))))) (ADVP-MNR *T*-1))))))))))))))) .)) (TOP (S (PP-TMP In (NP July)) , (NP-SBJ Viacom Inc.) (VP formed (NP (NP Viacom Pictures) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP produce (NP (NP 12 low-budget movies) (NP-ADV a year) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP (VP will (VP premiere (PP-LOC on (NP Showtime network)))) and (VP be (VP distributed (NP *-3) (ADVP-TMP later) (PP-LOC in (NP (NP various markets) , (PP including (NP foreign theaters)))))))))))))))) .)) (TOP (S (PP-LOC In (NP a sign (SBAR 0 (S (NP-SBJ the stock slump) (VP has n't (VP quieted (NP (NP Europe 's) takeover fever))))))) , (NP-SBJ Cie . Financiere de Paribas) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP intends (S (NP-SBJ *-1) (VP to (VP bid (PP-CLR for (NP (NP (NP one) (PP of (NP (NP France 's) other large (ADJP financial and industrial) holding companies))) , (NP Cie. de Navigation Mixte)))))))))) .)) (TOP (S (NP-SBJ Paribas) (VP said (SBAR that (S (SBAR-TMP once (S (NP-SBJ it) (VP receives (NP the go-ahead) (PP-CLR from (NP French stock market authorities))))) , (NP-SBJ-1 it) (VP will (VP offer (S (NP-SBJ *-1) (VP to (VP boost (NP its Navigation Mixte stake) (PP-DIR to (NP 66.7 %)) (PP-DIR from (NP the current 18.7 %)))))))))) .)) (TOP (S (NP-SBJ Its cash-or-shares bid) (VP values (NP Navigation Mixte) (PP-CLR at (NP (NP (QP about 22.82 billion) francs) (PRN -LRB- (NP (QP $ 3.62 billion) *U*) -RRB-))) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ this) (NP-PRD (NP one) (PP of (NP (NP France 's) largest-ever attempted takeovers))))))) .)) (TOP (S (NP-SBJ (NP The cost) (PP of (S-NOM (NP-SBJ *) (VP buying (NP the additional (ADJP 48 %) stake))))) (VP would (VP be (NP-PRD (NP (QP 10.95 billion) francs) (PRN -LRB- (NP (QP $ 1.74 billion) *U*) -RRB-)))) .)) (TOP (S (NP-SBJ The move) (VP would (ADVP greatly) (VP boost (NP (NP (NP Paribas 's) stake) (PP-LOC in (NP (NP the insurance , transport and food businesses) , (SBAR (WHADVP-1 where) (S (NP-SBJ Navigation Mixte) (VP is (ADJP-PRD strong) (ADVP-LOC *T*-1))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP would (VP make (S (NP-SBJ Paribas) (NP-PRD (NP a major French ally) (PP of (NP (NP West Germany 's) Allianz AG insurance group)))))) .)) (TOP (S (NP-SBJ Allianz) (VP holds (NP (NP a (ADJP 50 %) stake) (PP in (NP (NP (NP Navigation Mixte 's) insurance interests) , (VP acquired (NP *) (ADVP-TMP (NP three weeks) ago)))))) .)) (TOP (S (NP-SBJ Those) (VP include (NP (NP Rhin et Moselle Vie) and (NP Via Assurances))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADVP-TMP Long) (VP considered (NP a potential takeover target))) , (NP-SBJ-1 Navigation Mixte) (VP had (VP hoped (SBAR 0 (S (NP-SBJ Allianz) (VP would (VP help (VP protect (NP it) (PP-CLR from (NP raiders))))))))) .)) (TOP (S (NP-SBJ That idea) (VP may (VP have (VP backfired))) .)) (TOP (S (S (NP-SBJ Paribas) (VP is (NP-PRD (NP Allianz 's) main French bank))) , and (S (NP-SBJ the Munich-based group) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP intends (S (NP-SBJ *-1) (VP to (VP stay (ADJP-PRD neutral))))))))) .)) (TOP (S (NP-SBJ Navigation Mixte) (VP said (SBAR 0 (S (NP-SBJ it) (VP would n't (VP have (NP any comment) (SBAR-TMP until (S (NP-SBJ its board) (VP meets (NP-TMP Wednesday))))))))) .)) (TOP (S But (NP-SBJ-1 Navigation Mixte) (VP is (UCP-PRD (VP (ADVP loosely) held (NP *-1)) and (ADJP-PRD hard (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP defend (NP *T*-2)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The defensive options) (VP are (ADJP-PRD limited))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Philippe Braye) , (NP (NP a partner) (PP in (NP portfolio management concern France Finance Quatre)))) .)) (TOP (SBARQ `` (WHNP-1 Who) (SQ would (NP-SBJ *T*-1) (VP bid (PP-CLR against (NP Paribas)))) ? '')) (TOP (S (SBAR-ADV If (S (NP-SBJ the Paribas bid) (VP succeeds))) , (NP-SBJ it) (VP will (VP be (NP-PRD (NP the second time) (PP-TMP in (NP two months)) (SBAR (WHADVP-1 0) (S (NP-SBJ a big French investment banking group) (VP has (VP snapped (PRT up) (NP an insurance group) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ (NP (NP Paribas 's) archrival) , (NP Cie . Financiere de Suez) ,) (VP won (NP (NP a battle) (PP for (NP (NP Groupe Victoire) , (NP (NP France 's) second-largest private-sector insurer) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (NP-ADV itself) (VP had (ADVP just) (VP acquired (NP (NP West Germany 's) Colonia Versicherung AG))))))))) .)) (TOP (S (S (NP-SBJ-1 That complex bid) (VP was (VP billed (NP *-1) (PP-CLR as (NP (NP France 's) largest takeover ever))))) (PRN -LRB- (S (NP-SBJ this one) (VP is (ADJP-PRD slightly smaller))) -RRB-) .)) (TOP (S (ADVP Moreover) , (NP-SBJ-1 Suez) (VP had (ADVP just) (VP finished (S (NP-SBJ *-1) (VP winning (NP (NP an (ADJP even larger) battle) (NP-TMP last year) (PP for (NP (NP control) (PP of (NP Societe Generale de Belgique))))))))) .)) (TOP (S (NP-SBJ (NP Paribas officials) , (VP (ADVP-TMP once) considered (NP (NP France 's) toughest bankers)) ,) (VP felt (ADJP-PRD abashed (PP at (NP (NP (NP Suez 's) success) and (NP its rapid growth))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Paribas) (VP denies (NP it)))) , (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ the new bid) (PP in (NP part)) (ADVP simply) (VP reflects (NP (NP the continuing rivalry) (PP between (NP (NP France 's) two largest investment banking groups))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP reflects (NP (NP the broader pressure (S *ICH*-1)) (PP on (NP (NP companies) (PP-LOC in (NP Europe)))) (S-1 (NP-SBJ *) (VP to (VP keep (PRT up) (SBAR-TMP as (S (NP-SBJ-2 the European Community) (VP prepares (S (NP-SBJ *-2) (VP to (VP reduce (NP internal trade barriers) (PP-TMP by (NP 1992))))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Paribas Chairman Michel Francois-Poncet) (VP would n't (VP rule (PRT out) (S (NP-SBJ *) (ADVP-TMP eventually) (VP selling (NP (NP all) (PP of (NP (NP Navigation Mixte 's) insurance operations))) (PP-DTV to (NP Allianz)))))))) , (NP-SBJ he) (VP stressed (NP (NP the potential (S *ICH*-1)) (PP for (NP the two groups)) (S-1 (NP-SBJ *) (ADVP instead) (VP to (VP cooperate))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP told (NP reporters) (SBAR 0 (S (NP-SBJ the acquisition) (VP would (VP give (NP Paribas) (NP fresh diversity) , (S-ADV (NP-SBJ *) (VP bringing (NP it) (NP (NP properties) (PP-LOC in (NP (NP food and transport) (SBAR (WHADVP-1 where) (S (NP-SBJ it) (VP has (VP been (ADJP-PRD weak) (ADVP-LOC *T*-1))))))))))))))) .)) (TOP (S (NP-SBJ Navigation Mixte) (VP has (NP investments) (PP-LOC in (NP (NP a sugar company) , (NP a food and canning concern) , (NP a bakery) and (NP bus and trucking firms) , (PP among (NP others))))) .)) (TOP (S And (NP-SBJ Navigation Mixte) (VP has (NP a huge hidden attraction)) .)) (TOP (S (NP-SBJ (NP Payment) (PP by (NP Allianz)) (PP for (NP (NP the insurance interests) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP has (ADVP just) (VP bought (NP *T*-1)))))))) (VP will (VP help (VP swell (NP (NP the French concern 's) treasury) (PP-DIR to (NP an estimated (QP 11 billion) francs))))) .)) (TOP (S (NP-SBJ Paribas) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP (VP bid (NP (NP-3 1,850 francs) (NP-ADV a share)) (PP-CLR-4 for (NP (NP Navigation Mixte shares) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP qualify (PP-CLR for (NP a full yearly dividend)))))))) , and (VP (NP=3 1,800 francs) (PP-CLR=4 for (NP (NP those) (VP created (NP *) (NP-TMP July 1)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP are (ADJP-PRD eligible (PP for (NP partial dividends)))))))))))))) .)) (TOP (S (ADVP Alternatively) , (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP offer (NP (NP three Paribas shares) , (NP (NP themselves) (ADJP eligible (PP for (NP dividends)) (PP-TMP as of (NP next Jan. 1)))) ,) (PP-CLR for (NP one Navigation Mixte share))))))) .)) (TOP (S (S (NP-SBJ Paribas shares) (VP closed (ADVP-CLR down (NP 30 francs)) (PP-CLR at (NP 610 francs)))) , and (S (NP-SBJ-1 Navigation Mixte shares) (VP were (VP suspended (NP *-1) (PP-CLR at (NP 1,800 francs)) (PP pending (NP (NP the outcome) (PP of (NP the bid))))))) .)) (TOP (S (NP-SBJ Paribas) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP publish (NP (NP details) (PP of (NP its bid))) (SBAR-TMP once (S (NP-SBJ authorities) (VP clear (NP it))))))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP one) (PP of (NP (NP the first bids) (PP under (NP (NP new takeover rules) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP encouraging (NP (NP open bids) (PP instead of (NP (NP gradual accumulation) (PP of (NP large stakes))))))))))))))) .)) (TOP (S (NP-SBJ Some financial sources) (VP said (ADVP privately) (SBAR that (S (NP-SBJ Paribas) (VP blundered (PP-LOC in (S-NOM (NP-SBJ-1 *) (VP failing (S (NP-SBJ *-1) (VP to (VP move (ADVP-TMP sooner) (PP-CLR for (NP the (UCP insurance and industrial) group)))))))) , (S-ADV (NP-SBJ *) (VP bidding (SBAR-TMP only after (S (NP-SBJ speculation) (VP had (VP pushed (PRT up) (NP the price))))))))))) .)) (TOP (S (NP-SBJ Mr. Francois-Poncet) (VP responded (SBAR that (S (NP-SBJ-1 his group) (ADVP-TMP initially) (VP intended (S (NP-SBJ-2 *-1) (VP to (VP take (NP only a minority stake) , (S-ADV (NP-SBJ *-2) (VP striking (NP-CLR an alliance) (PP-CLR with (NP current management))))))))))) .)) (TOP (S-3 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ-2 (ADJP notoriously independent-minded) Navigation Mixte Chairman Marc Fournier) (VP (VP rejected (NP (NP Paribas 's) offer)) and (VP began (S (NP-SBJ *-2) (VP buying (NP Paribas shares) (PP in (NP retaliation))))) (ADVP-TMP *T*-1)))) , (PRN (S (NP-SBJ Mr. Francois-Poncet) (VP said (SBAR 0 (S *T*-3)))) ,) (NP-SBJ-4 he) (VP felt (ADJP-PRD obliged (S (NP-SBJ *-4) (VP to (VP bid (PP-CLR for (NP control))))))) .)) (TOP (S (NP-SBJ He) (VP told (NP reporters) (SBAR 0 (S (NP-SBJ he) (VP had (NP information (SBAR that (S (NP-SBJ-1 Mr. Fournier) (VP was (VP preparing (S (NP-SBJ *-1) (VP to (VP buy (NP (NP (QP as much as 20) %) (PP of (NP Paribas)) , (ADVP up (PP from (NP (QP less than 5) %) (ADVP-TMP currently)))))))))))))))) .)) (TOP (S (NP-SBJ (NP A bid) (PP against (NP Paribas))) (VP could n't (VP be (VP ruled (PRT out)))) .)) (TOP (S (NP-SBJ (NP (NP France 's) second-largest government-owned insurance company) , (NP Assurances Generales de France) ,) (VP has (VP been (VP building (NP (NP its own Navigation Mixte stake) , (VP (ADVP-TMP currently) thought (S (NP-SBJ *) (VP to (VP be (PP-PRD between (NP (NP 8 %) and (NP 10 %))))))))))) .)) (TOP (S (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ they) (VP do n't (VP think (SBAR 0 (S (NP-SBJ it) (VP is (VP contemplating (NP a takeover))))))))))) , (ADVP however) , and (S (NP-SBJ-1 its officials) (VP could n't (VP be (VP reached (NP *-1))))) .)) (TOP (S (NP-SBJ Crude oil futures prices) (VP fell (ADVP-EXT further) (SBAR-TMP as (S (NP-SBJ analysts and traders) (VP said (SBAR 0 (S (NP-SBJ OPEC oil producers) (VP are n't (VP putting (NP-CLR the brakes) (PP-CLR on (NP output)) (ADVP-TMP ahead (PP of (NP the traditionally weak first quarter))))))))))) .)) (TOP (S (PP-LOC In (NP (NP trading) (PP-LOC on (NP the New York Mercantile Exchange)))) , (NP-SBJ the U.S. benchmark West Texas Intermediate crude) (VP fell (NP-EXT (NP 39 cents) (NP-ADV a barrel)) (PP-DIR to (NP $ 19.76 *U*)) (PP for (NP December delivery))) .)) (TOP (S (NP-SBJ Petroleum products prices) (ADVP also) (VP declined) .)) (TOP (S (NP-SBJ Analysts) (VP pointed (PP-CLR to (NP reports (SBAR that (S (NP-SBJ (NP the Organization) (PP of (NP Petroleum Exporting Countries))) (VP is (VP producing (NP (NP (ADJP substantially more)) (PP than (NP (NP its official limit) (PP of (NP (NP (QP 20.5 million) barrels) (NP-ADV a day)))))) , (PP with (S-NOM (NP-SBJ some accounts) (VP putting (NP (NP the 13-nation group 's) output) (ADVP-PUT as high (PP as (NP (NP (QP 23 million) barrels) (NP-ADV a day)))))))))))))) .)) (TOP (S (NP-SBJ (NP That level) (PP of (NP production))) (VP did n't (VP take (NP-CLR its toll) (PP-CLR on (NP (NP futures prices) (PP for (NP (NP the fourth quarter) , (SBAR (WHADVP-1 when) (S (NP-SBJ demand) (VP is (ADJP-PRD traditionally strong) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S-1 But (SBAR-PRP because (S (NP-SBJ first-quarter demand) (VP is (ADVP normally) (NP-PRD (NP the weakest) (PP of (NP the year)))))) , (PRN (S (NP-SBJ several market participants) (VP say (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 OPEC production) (VP will (VP have (S (NP-SBJ *-2) (VP to (VP decline (S-PRP (NP-SBJ *) (VP to (VP keep (NP-3 prices) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP eroding (ADVP-EXT further)))))))))))) .)) (TOP (S (NP-SBJ-1 The group) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP meet (PP-TMP in (NP a month)) (S-PRP (NP-SBJ *-2) (VP to (VP discuss (NP (NP production strategy) (PP for (NP early 1990)))))))))) .)) (TOP (S (SBAR-ADV With (S (NP-SBJ prices) (ADVP already) (VP headed (ADVP-DIR lower)))) , (NP-SBJ (NP news) (PP of (NP (NP a series) (PP of (NP explosions)) (PP-LOC at (NP (NP a major Phillips Petroleum Co. chemical facility) (PP-LOC on (NP the Houston Ship Channel))))))) (ADVP also) (VP was (ADJP-PRD bearish) (PP for (NP prices))) .)) (TOP (S-1 (SBAR-ADV Even though (S (NP-SBJ such facilities) (VP use (NP (NP a (ADJP relatively small) amount) (PP of (NP crude)))))) , (PRN (S (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-1)))) ,) (ADVP-TMP now) (NP-SBJ the facility) (VP wo n't (VP need (NP any) , (PP-TMP at (NP (NP a time) (PP of (NP already high availability)))))) .)) (TOP (S (NP-SBJ The Phillips plant) (VP makes (NP (NP polyethylene) , (NP polypropylene) and (NP other plastic products))) .)) (TOP (S (NP-SBJ A company official) (VP said (SBAR 0 (S (NP-SBJ the explosions) (VP began (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ a seal) (VP blew (PRT out) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Dozens) (PP of (NP workers))) (VP were (VP injured (NP *-1)))) , (NP-SBJ authorities) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ There) (VP was (NP-PRD (NP no immediate estimate) (PP of (NP damage))) (PP from (NP the company))) .)) (TOP (S (NP-SBJ Some petroleum futures traders) (VP say (SBAR 0 (S (NP-SBJ-1 technical considerations) (ADVP-TMP now) (VP will (VP help (S (NP-SBJ *-1) (VP to (VP put (NP downward pressure) (PP-PUT on (NP futures prices)))))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ one trader) (VP said (SBAR that (S (NP-SBJ prices) (ADVP inevitably) (VP will (VP go (ADVP-DIR lower) (ADVP-TMP now (SBAR that (S (NP-SBJ they) (VP 've (VP fallen (PP-DIR below (NP (NP $ 20 *U*) (NP-ADV a barrel))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Our technician) (VP is (ADJP-PRD (NP-ADV a little) bearish) (ADVP-TMP now (SBAR that (S (NP-SBJ we) (VP 've (VP taken (PRT out) (NP $ 20 *U*)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (FRAG-HLN (PP-LOC In (NP other commodity markets)) (NP-TMP yesterday) :)) (TOP (NP-HLN COPPER :)) (TOP (S (NP-SBJ (NP The selling) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP started (PP-TMP on (NP Friday)))))) (VP continued (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ The December contract) (VP fell (NP-EXT (NP 3.85 cents) (NP-ADV a pound)) (PP-DIR to (NP $ 1.1960 *U*))) .)) (TOP (S (S (NP-SBJ London Metal Exchange warehouse stocks) (VP were (ADVP-PRD down (NP (QP only 4,800) metric tons) (PP-TMP for (NP the week)) (PP to (NP 84,500 tons))))) ; (S (NP-SBJ expectations) (NP-TMP late last week) (VP were (NP-PRD (NP a drop) (PP of (NP (QP 10,000 to 15,000) tons))))) .)) (TOP (S (S (NP-SBJ The New York market) (VP made (NP (NP its high) (PP for (NP the day))) (PP-TMP on (NP the opening)))) and (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP dropped (PP-DIR below (NP the (ADJP $ 1.23-a-pound) level)) (ADVP-TMP *T*-1)))) , (NP-SBJ selling) (VP picked (PRT up) (SBAR-ADV as (S (S (NP-SBJ previous buyers) (VP bailed (PRT out) (PP-CLR of (NP their positions)))) and (S (NP-SBJ-2 aggressive short sellers) -- (S-ADV (NP-SBJ *-2) (VP anticipating (NP further declines))) -- (VP moved (ADVP-DIR in))))))) .)) (TOP (S (NP-SBJ Fund selling) (ADVP also) (VP picked (PRT up) (PP-TMP at (NP that point))) .)) (TOP (S (PP According (PP to (NP (NP Bernard Savaiko) , (NP (NP senior commodity analyst) (PP-LOC at (NP PaineWebber))) ,))) (NP-SBJ (NP the only stability) (PP to (NP the market))) (VP came (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 short sellers) (ADVP-TMP periodically) (VP moved (ADVP-DIR in) (S-PRP-CLR (NP-SBJ-3 *-2) (VP to (VP cover (NP their positions) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP buying (NP contracts))))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ This activity) (VP produced (NP (NP small rallies) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (PP in (NP turn)) (VP attracted (NP new short selling)))))) .)) (TOP (S (NP-SBJ Mr. Savaiko) (VP noted (SBAR that (S (NP-SBJ copper) (VP had (NP a steep fall) (PP in (NP (NP spite) (PP of (NP (NP a weak dollar) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (ADVP normally) (VP support (NP the U.S. copper market))))))))))))) .)) (TOP (S (NP-SBJ Such support) (ADVP-TMP usually) (VP comes (PP-CLR from (NP (NP arbitragers) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP use (NP a strong British pound) (S-CLR (NP-SBJ *-2) (VP to (VP buy (NP copper) (PP-LOC in (NP New York))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The sell-off) (VP would (ADVP probably) (VP have (VP been (ADJP-PRD worse) (SBAR-ADV if (S (NP-SBJ the dollar) (VP had (VP been (ADJP-PRD strong))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-1 Copper) (VP has (VP been (VP stuck (NP *-1) (PP-LOC-CLR in (NP (NP a trading range) (PP of (NP (QP $ 1.19 to $ 1.34) *U*))))))) .)) (TOP (S (NP-SBJ Mr. Savaiko) (VP believes (SBAR that (S (SBAR-ADV if (S (NP-SBJ copper) (VP falls (PP-DIR below (NP (NP the bottom) (PP of (NP this range))))))) (NP-SBJ the next significant support level) (VP will (VP be (NP-PRD (QP about $ 1.04) *U*)))))) .)) (TOP (NP-HLN PRECIOUS METALS :)) (TOP (S (NP-SBJ-2 Platinum and palladium) (VP struggled (S (NP-SBJ *-2) (VP to (VP maintain (NP their prices)))) (NP-TMP all day) (PP despite (NP (NP news stories (SBAR *ICH*-3)) (PP-TMP over (NP the weekend)) (SBAR-3 that (S (NP-SBJ (NP recent cold fusion experiments) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP use (NP both metals)))) ,) (VP showed (NP (NP signs) (PP of (S-NOM (NP-SBJ *) (VP producing (NP extra heat))))))))))) .)) (TOP (S (NP-SBJ January platinum) (VP closed (ADVP-CLR down (NP (NP $ 2.80 *U*) (NP-ADV an ounce))) (PP-CLR at (NP (NP $ 486.30 *U*) , (PP (NP-ADV (QP nearly $ 4) *U*) above (NP (NP its low) (PP for (NP the day))))))) .)) (TOP (S (NP-SBJ December palladium) (VP was (ADVP-PRD off (NP (NP $ 1.55 *U*) (NP-ADV an ounce))) (PP-CLR at (NP $ 137.20 *U*))) .)) (TOP (S (S (NP-SBJ-1 Platinum) (VP is (VP believed (S (NP-SBJ *-1) (VP to (VP have (NP good support) (NP-LOC-CLR-2 (QP around $ 480) *U*))))))) and (S (NP-SBJ=1 palladium) (PP-LOC-CLR=2 at (NP (QP around $ 130) *U*))) .)) (TOP (S (NP-SBJ-3 Some traders) (VP were (VP thought (S (NP-SBJ *-3) (VP to (VP be (VP waiting (PP-CLR for (NP (NP the auto sales report) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP released (NP *-1) (NP-TMP today)))))))))))))) .)) (TOP (S (NP-SBJ-1 Such sales) (VP are (VP watched (NP *-1) (ADVP-MNR closely) (PP by (NP-LGS platinum and palladium traders)) (SBAR-PRP because (S (NP-SBJ-2 both metals) (VP are (VP used (NP *-2) (PP-LOC in (NP automobile catalytic converters)))))))) .)) (TOP (S (NP-SBJ Mr. Savaiko) (VP theorized (SBAR that (S (NP-SBJ (NP the news) (PP on (NP cold fusion))) (VP did n't (VP affect (NP the market) (NP-TMP yesterday) (SBAR-PRP because (S (NP-SBJ-1 many traders) (VP have (ADVP already) (VP been (ADVP-MNR badly) (VP burnt (NP *-1) (PP by (NP-LGS such stories)))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the traders) (VP are (VP demanding (NP (NP a higher level) (PP of (NP proof))) (SBAR-TMP before (S (NP-SBJ they) (VP will (VP buy (NP palladium) (ADVP again)))))))))) .)) (TOP (SINV (ADVP Also) (VP-TPC-1 weighing (PP-CLR on (NP (NP both metals ') prices))) (VP is (VP *T*-1)) (NP-SBJ (NP the role) (PP of (NP (NP the chief supplier) , (NP the Soviet Union)))) .)) (TOP (S (NP-SBJ Many analysts) (VP believe (SBAR that (S (NP-SBJ (NP (NP the Soviets ') thirst) (PP for (NP (NP dollars) (SBAR *ICH*-2))) (NP-TMP this year) (SBAR-2 (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP buy (NP (NP grain) and (NP other Western commodities and goods))))))) (VP will (VP bring (NP them) (PP-CLR to (NP the market)) (SBAR-TMP (WHADVP-3 whenever) (S (NP-SBJ prices) (VP rally (ADVP very much) (ADVP-TMP *T*-3))))))))) .)) (TOP (NP-HLN GRAINS AND SOYBEANS :)) (TOP (S (NP-SBJ Prices) (VP closed (ADJP-ADV mixed) (SBAR-ADV as (S (NP-SBJ contracts) (VP reacted (PP-CLR to (NP (ADJP largely offsetting) (ADJP bullish and bearish) news)))))) .)) (TOP (S (PP-LOC On (NP (NP the Chicago Board) (PP of (NP Trade)))) , (NP-SBJ (NP soybeans) (PP for (NP November delivery))) (VP closed (PP-LOC at (NP (NP $ 5.63 *U*) (NP-ADV a bushel))) , (ADVP down (NP half a cent)) , (SBAR-ADV while (S (NP-SBJ the December wheat contract) (VP rose (NP-EXT (NP three-quarters) (PP of (NP a cent))) (PP-DIR to (NP (NP $ 4.0775 *U*) (NP-ADV a bushel))))))) .)) (TOP (SINV (VP-TPC-1 Supporting (NP prices)) (VP was (VP *T*-1)) (NP-SBJ (NP the announcement) (NP-TMP late Friday) (PP of (NP (NP additional grain sales) (PP to (NP the Soviet Union))))) .)) (TOP (SINV But (VP-TPC-1 acting (PP-CLR as (NP (NP a drag) (PP on (NP prices))))) (VP was (VP *T*-1)) (NP-SBJ (NP (NP the improved harvest weather) (PP-TMP over (NP the weekend))) and (NP (NP the prospect) (PP for (NP (NP continued fair weather) (NP-TMP this week) (PP-LOC over (NP (NP much) (PP of (NP the Farm Belt)))))))) .)) (TOP (S (NP-SBJ Strong farmer selling) (PP-TMP over (NP the weekend)) (ADVP also) (VP weighed (PP-CLR on (NP prices))) .)) (TOP (NP-HLN SUGAR :)) (TOP (S (NP-SBJ World prices) (VP tumbled , (PP (ADVP mostly) from (NP their own weight)) , (PP according (PP to (NP analysts)))) .)) (TOP (S (NP-SBJ The March contract) (VP ended (PP-CLR at (NP (NP 13.79 cents) (NP-ADV a pound))) , (ADVP down (NP 0.37 cent))) .)) (TOP (S (S (PP-TMP For (NP the past week (QP or so))) , (NP-SBJ traders) (VP have (VP been (VP expecting (S (NP-SBJ India) (VP to (VP buy (NP (NP (QP between 150,000 and 200,000) tons) (PP of (NP refined sugar)))))))))) , and (S (NP-SBJ there) (VP have (VP been (NP-PRD (NP expectations) (PP of (NP (NP a major purchase) (PP by (NP Japan)))))))) .)) (TOP (S-1 But (PP with (NP (NP no reports) (PP of (S-NOM (NP-SBJ either country) (ADVP actually) (VP entering (NP the market)))))) , (PRN (S (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ futures prices) (VP became (ADJP-PRD vulnerable)) .)) (TOP (S-1 (NP-SBJ-2 (NP Developing countries) (PP such as (NP India))) , (PRN (S (NP-SBJ some analysts) (VP said (S *T*-1))) ,) (VP seem (S (NP-SBJ *-2) (VP to (VP have (VP made (S (NP-SBJ (NP it) (S *EXP*-3)) (NP-PRD a point) (S-3 (NP-SBJ *) (VP to (VP (VP stay (ADVP-LOC-CLR away) (SBAR-TMP (WHADVP-4 whenever) (S (NP-SBJ sugar) (VP reached (NP (NP (NP the top) (PP of (NP its trading range))) , (NP (QP around 14.75) cents) ,) (ADVP-TMP *T*-4))))) and (VP wait (SBAR for (S (NP-SBJ prices) (VP to (VP return (PP-DIR to (NP (NP (NP the bottom) (PP of (NP the range))) , (NP (QP around 13.50) cents))))))))))))))))) .)) (TOP (S (S But (NP-SBJ (NP Erik Dunlaevy) , (NP (NP a sugar analyst) (PP with (NP Balfour Maclaine International Ltd.))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the explanation) (PP for (NP (NP the latest drop) (PP-LOC in (NP sugar prices))))) (VP is (ADJP-PRD much simpler)))))) : (S-1 (NP-SBJ Speculators) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) `` (VP (VP got (ADJP-PRD too long) (ADVP-TMP too soon)) and (VP ran (PP-CLR into (NP resistance)) (PP-LOC around (NP the old contract highs))))) . '')) (TOP (S (NP-SBJ A PaineWebber analyst) (VP said (SBAR that (S (PP in (NP (NP light) (PP of (NP (NP (NP a new estimate) (PP of (NP (NP a production increase) (PP of (NP (QP four million) metric tons))))) and (NP (NP only a modest increase) (PP in (NP consumption))))))) , (NP-SBJ-1 sugar) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP rise (PP-DIR above (NP (NP the top) (PP of (NP its trading range)))) (PP without (NP (NP a crop problem) (PP in (NP a major producing country)))))))))))) .)) (TOP (NP-HLN COCOA :)) (TOP (S (NP-SBJ Futures) (VP rallied (ADVP-EXT modestly)) .)) (TOP (S (NP-SBJ The December contract) (VP rose (NP-EXT (NP $ 33 *U*) (NP-ADV a metric ton)) (PP-DIR to (NP $ 1,027 *U*)) , (PP near (NP (NP its high) (PP for (NP the day))))) .)) (TOP (S (NP-SBJ (NP Gill & Duffus Ltd.) , (NP a British cocoa-trading house) ,) (VP estimated (SBAR that (S (NP-SBJ the 1989-90 world cocoa surplus) (VP would (VP be (NP-PRD 231,000 tons) , (ADVP down (PP from (NP 314,000 tons) (PP-TMP for (NP the previous year))))))))) .)) (TOP (S (NP-SBJ-1 Market technicians) (VP were (VP encouraged (NP *-1) (PP by (NP-LGS (NP the price patterns) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (PP-TMP in (NP the past)) (VP have (VP preceded (NP sharp rallies))))))))) .)) (TOP (S (NP-SBJ (NP Recent prices) (PP for (NP cocoa))) (VP have (VP been (PP-PRD near (NP (NP levels) (VP (ADVP last) seen (NP *) (PP-TMP in (NP the mid-1970s))))))) .)) (TOP (S (PP-LOC At (NP such prices)) , (PP according (PP to (NP Mr. Savaiko))) , (NP-SBJ (NP (NP bargain hunting) and (NP (NP short-covering) -- (NP (NP buying back) (PP of (NP (NP contracts) (VP (ADVP-TMP previously) sold)))) --)) (PP by (NP speculators))) (VP is n't (ADJP-PRD uncommon)) .)) (TOP (S But (NP-SBJ Mr. Savaiko) (VP expects (S (NP-SBJ stepped-up producer selling) (PP-LOC-PRD at (PP around (NP the (ADJP (QP $ 1,040 to $ 1,050) *U*) level))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP noted (SBAR that (S (NP-SBJ a strong sterling market) (NP-TMP yesterday) (VP might (VP have (VP helped (NP cocoa) (PP-LOC in (NP New York)) (SBAR-ADV as (S (NP-SBJ arbitragers) (VP took (NP-CLR advantage) (PP-CLR of (NP the currency move))))))))))) .)) (TOP (S (NP-SBJ (NP Sandra Kaul) , (NP (NP research analyst) (PP-LOC at (NP Shearson Lehman Hutton))) ,) (VP said (SBAR 0 (S (NP-SBJ the market) (VP pushed (ADVP higher) (PP (ADVP mainly) in (NP (NP anticipation) (PP of (NP (NP a late harvest) (PP-LOC in (NP (NP the Ivory Coast) , (NP a major cocoa producer))))))))))) .)) (TOP (S (NP-SBJ Rockwell International Corp.) (VP bought (PRT out) (NP (NP (NP Ikegai Corp. 's) interest) (PP in (NP (NP Ikegai-Goss) , (NP (NP a joint venture) (PP of (NP the two companies)) (VP based (NP *) (PP-LOC-CLR in (NP Tokyo)))))))) .)) (TOP (S (NP-SBJ The price) (VP was (NP-PRD (NP (QP 3.6 billion) yen) (PRN -LRB- (NP (QP $ 25 million) *U*) -RRB-))) .)) (TOP (S (NP-SBJ The agreement) (VP provides (SBAR that (S (NP-SBJ Ikegai Corp.) (VP will (VP remain (NP-PRD (NP a supplier) (PP to (NP (NP Ikegai-Goss) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP printing presses) (PP for (NP the newspaper industry))))))))))))) .)) (TOP (S (NP-SBJ-1 The purchase) (VP was (VP made (NP *-1) (PP by (NP-LGS (NP Rockwell Graphic Systems) , (NP (NP a Chicago subsidiary) (PP of (NP the (NAC-LOC El Segundo , Calif. ,) concern))))))) .)) (TOP (S (NP-SBJ (NP Ikegai-Goss) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (QP about 200) employees)))) ,) (VP is (PP-LOC-PRD among (NP (NP the industry leaders) (PP in (NP (NP keyless inking technology) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP reduces (NP (NP time and materials waste) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ *) (VP preparing (NP a press) (PP-CLR for (NP printing)) (ADVP-TMP *T*-3))))))))))))) .)) (TOP (S (NP-SBJ (NP The bond market) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP sometimes) (VP thrives (PP-CLR on (NP bad news))))) ,) (VP cheered (NP (NP (NP yesterday 's) stock market sell-off) and (NP perceptions (SBAR that (S (NP-SBJ the economy) (VP is (VP growing (ADJP-PRD weaker)))))))) .)) (TOP (S (ADVP-TMP Early (PP in (NP the day))) , (NP-SBJ bonds) (VP rose (ADVP-EXT modestly) (PP on (NP (NP economists ') forecasts (SBAR that (S (NP-SBJ (NP (NP this week 's) slate) (PP of (NP economic data))) (VP will (VP portray (NP (NP an economy) (VP headed (NP *) (PP-CLR for (NP trouble))))))))))) .)) (TOP (S (NP-SBJ Such news) (VP is (ADJP-PRD good (PP for (NP bonds))) (SBAR-PRP because (S (NP-SBJ economic weakness) (ADVP-TMP sometimes) (VP causes (S (NP-SBJ the Federal Reserve) (VP to (VP lower (NP interest rates) (PP in (NP an effort (S (NP-SBJ *) (VP to (VP (VP stimulate (NP the economy)) and (VP stave (PRT off) (NP a recession)))))))))))))) .)) (TOP (S (PP For (NP example)) , (NP-TMP today) (NP-SBJ-1 (NP the Department) (PP of (NP Commerce))) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP release (NP the September durable goods report)))))) .)) (TOP (S (NP-SBJ (NP The consensus forecast) (PP of (NP (NP 14 economists) (VP surveyed (NP *) (PP by (NP-LGS Dow Jones Capital Markets Report)))))) (VP is (PP-PRD for (NP (NP a (ADJP 1.2 %) drop) (PP in (NP September orders))))) .)) (TOP (S (NP-SBJ That) (VP would (VP follow (NP (NP a (ADJP 3.9 %) advance) (PP-TMP in (NP August))))) .)) (TOP (S (NP-SBJ Bonds) (VP received (NP a bigger boost) (ADVP-TMP later (PP in (NP the day))) (SBAR-TMP (WHADVP when) (S (NP-SBJ stock prices) (VP moved (ADVP broadly lower))))) .)) (TOP (S (NP-SBJ The Dow Jones Industrial Average) (VP fell (NP-EXT 26.23 points) (PP-DIR to (NP 2662.91))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Bond investors) (VP have (VP been (VP watching (NP stocks) (ADVP-MNR closely))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Joel Marver) , (NP (NP chief fixed-income analyst) (PP-LOC at (NP Technical Data Global Markets Group)))) .)) (TOP (S `` (S-TPC-5 (SBAR-TMP (WHADVP-3 When) (S (NP-SBJ you) (VP get (NP (NP a big sell-off) (PP in (NP equities))) (ADVP-TMP *T*-3)))) , (NP-SBJ-4 money) (VP starts (S (NP-SBJ *-4) (VP to (VP shift (PP-CLR into (NP (NP bonds) , '' (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP are (VP considered (S (NP-SBJ *-1) (ADJP-PRD safer))))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-5))) .)) (TOP (S (NP-SBJ (NP The Treasury 's) benchmark 30-year bond) (VP ended (ADVP-CLR (ADVP (NP (QP about 1) point) higher) , or (ADVP up (NP (NP (QP about $ 5) *U*) (PP for (NP (NP each $ 1,000 *U*) (NP face amount))))) ,) (SBAR-ADV while (S (NP-SBJ the yield) (VP slid (PP-DIR to (NP 7.93 %)) (PP-DIR from (NP 7.98 %) (NP-TMP Friday)))))) .)) (TOP (S (NP-SBJ-1 Municipals) (VP ended (S-CLR (NP-SBJ *-1) (ADJP-PRD mixed)) , (SBAR-ADV while (S (NP-SBJ (ADJP mortgage-backed and investment-grade) corporate bonds) (VP rose)))) .)) (TOP (S (NP-SBJ-1 (NP Prices) (PP of (NP high-yield , high-risk corporate securities))) (VP ended (S-CLR (NP-SBJ *-1) (ADJP-PRD unchanged))) .)) (TOP (S (PP In (NP (NP more evidence) (PP of (NP (NP the growing division) (PP between (NP (ADJP `` good '' and `` bad '') junk bonds)))))) , (NP-SBJ-1 (NP a (ADJP (QP $ 150 million) *U*) issue) (PP by (NP Imo Industries Inc.))) (VP was (VP snapped (PRT up) (NP *-1) (PP by (NP-LGS investors)) (SBAR-ADV while (S (NP-SBJ-2 (NP underwriters) (PP for (NP (NP Beatrice Co. 's) (ADJP (QP $ 350 million) *U*) issue))) (VP are (VP considering (S (NP-SBJ-3 *-2) (VP restructuring (NP the deal) (S-PRP-CLR (NP-SBJ *-3) (VP to (VP attract (NP buyers)))))))))))) .)) (TOP (S (PP-LOC In (NP the Treasury market)) , (NP-SBJ analysts) (VP expect (S (NP-SBJ bond prices) (VP to (VP trade (PP-CLR in (NP narrow ranges)) (NP-TMP this week) (SBAR-TMP as (S (NP-SBJ the market) (VP takes (PRT in) (NP (ADJP positive and negative) news)))))))) .)) (TOP (SINV `` (S-TPC-2 (PP On (NP the negative side)) , (NP-SBJ-1 the market) (VP will (VP be (VP affected (NP *-1) (PP by (NP-LGS (NP constant supply) (PP-LOC in (NP (NP all sectors) (PP of (NP the market)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP William M. Brachfeld) , (NP (NP economist) (PP-LOC at (NP Daiwa Securities America Inc)))) .)) (TOP (S `` (PP On (NP the other hand)) , (NP-SBJ we) (VP have (NP (NP economic news) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP is -LCB- (VP expected (S (NP-SBJ *-2) (VP to (VP be -RCB- (ADJP-PRD relatively positive (PP for (NP the bond market)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ We) (VP will (VP go (ADVP-DIR back and forth) (PP with (NP (NP a tilt) (PP toward (NP (ADJP slightly lower) yields))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-TMP Today) , (NP-SBJ the Treasury) (VP will (VP sell (NP (NP (QP $ 10 billion) *U*) (PP of (NP new two-year notes))))) .)) (TOP (S (NP-TMP Tomorrow) , (NP-SBJ (NP Resolution Funding Corp.) , (NP (NP a division) (PP of (NP (NP a new government agency) (VP created (NP *) (S-PRP (NP-SBJ *) (VP to (VP bail (PRT out) (NP (NP the nation 's) troubled thrifts)))))))) ,) (VP will (VP hold (NP (NP its first bond auction) (SBAR (WHPP-1 at (WHNP which)) (S (NP-SBJ it) (VP will (VP sell (NP (NP (QP $ 4.5 billion) *U*) (PP of (NP 30-year bonds))) (PP-LOC *T*-1)))))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ (NP money managers) and (NP other bond buyers)) (VP have n't (VP shown (NP (NP much interest) (PP in (NP the Refcorp bonds))))) .)) (TOP (S (NP-SBJ Analysts) (VP have (NP (NP mixed views) (PP about (NP the two-year note auction)))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ some) (VP say (SBAR 0 (S (NP-SBJ the auction) (VP should (VP proceed (ADVP-MNR smoothly)))))))) , (NP-SBJ others) (VP contend (SBAR that (S (NP-SBJ (NP (NP yesterday 's) sale) (PP of (NP (NP (QP $ 2.58 billion) *U*) (PP of (NP asset-backed securities)))) (PP by (NP Ford Motor Credit Corp.))) (VP may (VP have (VP siphoned (NP some potential institutional buyers) (PP-CLR from (NP (NP the government 's) note sale)))))))) .)) (TOP (S (NP-SBJ (NP The division) (PP of (NP auto maker Ford Motor Co.))) (VP made (NP its debut) (PP-LOC in (NP the asset-backed securities market)) (PP with (NP (NP the second-largest issue) (PP-LOC in (NP (NP the market 's) four-year history))))) .)) (TOP (S (NP-SBJ The company) (VP offered (NP (NP securities) (VP backed (NP *) (PP by (NP-LGS automobile loans)))) (PP-MNR through (NP (NP an underwriting group) (VP headed (NP *) (PP by (NP-LGS First Boston Corp)))))) .)) (TOP (S (NP-SBJ The issue) (VP (VP yields (NP 8.90 %)) and (VP carries (NP (NP a guarantee) (VP covering (NP (NP 9 %) (PP of (NP the deal)))) (PP from (NP the company))))) .)) (TOP (S (NP-SBJ First Boston) (VP sweetened (NP the terms) (PP-CLR from (NP the original yield estimate)) (PP in (NP an apparent effort (S (NP-SBJ *) (VP to (VP place (NP the huge offering))))))) .)) (TOP (S (NP-SBJ-1 The issue) (VP was (VP offered (NP *-1) (PP-CLR at (NP (NP a yield) (PP-LOC (NP (QP nearly one) percentage point) above (NP (NP the yield) (PP on (NP two-year Treasurys)))))))) .)) (TOP (S (NP-SBJ (NP The only asset-backed deal) (ADJP larger (PP than (NP (NP Ford 's))))) (VP was (NP-PRD (NP a (ADJP (QP $ 4 billion) *U*) offering) (PP by (NP General Motors Acceptance Corp.)) (PP-TMP in (NP 1986)))) .)) (TOP (NP-HLN Treasury Securities)) (TOP (S (NP-SBJ Treasury bonds) (VP were (ADJP-PRD (NP (QP 1 to 1) point) higher) (NP-TMP yesterday) (PP-LOC in (NP light trading))) .)) (TOP (S (NP-SBJ The benchmark 30-year bond) (VP ended (PP-CLR at (NP (NP a price) (PP of (NP 102 3)) , (PP compared (PP with (NP 101 17) (NP-TMP Friday)))))) .)) (TOP (S (NP-SBJ-1 The latest 10-year notes) (VP were (VP quoted (NP *-1) (ADVP-TMP late) (PP-CLR at (NP 100 17)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 7.90 %)))) , (PP compared (PP with (FRAG (NP 100 3) (S (NP-SBJ *) (VP to (VP yield (NP 7.97 %))))))))) .)) (TOP (S (NP-SBJ-1 The (ADJP latest two-year) notes) (VP were (VP quoted (NP *-1) (ADVP-TMP late) (PP-CLR at (NP 100 28)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 7.84 %)))))) .)) (TOP (S (NP-SBJ Short-term rates) (VP rose (NP-TMP yesterday) (PP-LOC at (NP (NP the government 's) weekly Treasury bill auction)) , (PP compared (PP with (NP the previous bill sale)))) .)) (TOP (S (NP-SBJ The Treasury) (VP sold (NP (NP $ 7.81 billion *U*) (PP of (NP three-month bills))) (PP with (NP (NP (NP an average discount rate) (PP of (NP 7.52 %))) , (NP (NP the highest) (PP-TMP since (NP (NP the average) (PP of (NP 7.63 %)) (PP-LOC at (NP (NP the auction) (PP-TMP on (NP Oct. 10)))))))))) .)) (TOP (S (NP-SBJ-1 (NP The (QP $ 7.81 billion) *U*) (PP of (NP six-month Treasury bills))) (VP were (VP sold (NP *-1) (PP with (NP (NP (NP an average discount rate) (PP of (NP 7.50 %))) , (NP (NP the highest) (PP-TMP since (NP (NP the average) (PP of (NP 7.60 %)) (PP-LOC at (NP the Oct. 10 auction))))))))) .)) (TOP (S (NP-SBJ The rates) (VP were (ADVP-PRD up (PP from (NP (NP (NP last week 's) auction) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP were (NP-PRD (NP 7.37 %) and (NP 7.42 %)) , (ADVP respectively) (ADVP-TMP *T*-1)))))))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-2 Here) (VP are (ADVP-LOC-PRD *T*-2)) (NP-SBJ auction details) :)) (TOP (S (NP-SBJ-1 Rates) (VP are (VP determined (NP *-1) (PP by (NP-LGS (NP the difference) (PP between (NP (NP the purchase price) and (NP face value))))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ higher bidding) (VP narrows (NP (NP the investor 's) return) (SBAR-ADV while (S (NP-SBJ lower bidding) (VP widens (NP it))))) .)) (TOP (S (NP-SBJ-1 The percentage rates) (VP are (VP calculated (NP *-1) (PP-CLR on (NP a 360-day year)) , (SBAR-ADV while (S (NP-SBJ-2 the coupon-equivalent yield) (VP is (VP based (NP *-2) (PP-CLR on (NP a 365-day year)))))))) .)) (TOP (S (NP-SBJ-1 Both issues) (VP are (VP dated (NP *-1) (NP-TMP-CLR Oct. 26))) .)) (TOP (S (S (NP-SBJ The 13-week bills) (VP mature (NP-TMP Jan. 25 , 1990))) , and (S (NP-SBJ the 26-week bills) (VP mature (NP-TMP April 26 , 1990))) .)) (TOP (NP-HLN Corporate Issues)) (TOP (S (NP-SBJ Investment-grade corporates) (VP closed (ADVP-CLR (NP (QP about 1) point) higher) (PP-LOC in (NP quiet trading))) .)) (TOP (S (PP-LOC In (NP the junk bond market)) , (NP-SBJ-1 (NP (NP Imo Industries ') issue) (PP of (NP 12-year debentures)) , (VP considered (S (NP-SBJ *) (VP to (VP be (NP-PRD (NP one) (PP of (NP (NP the market 's) high-quality credits))))))) ,) (VP was (VP priced (NP *-1) (PP-CLR at (NP par)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 12 %)))))) .)) (TOP (S (NP-SBJ (NP Peter Karches) , (NP (NP managing director) (PP-LOC at (NP underwriter Morgan Stanley & Co.))) ,) (VP said (SBAR 0 (S (NP-SBJ the issue) (VP was (ADJP-PRD oversubscribed))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ It) (VP 's (NP-PRD a segmented market))) , and (S (SBAR-ADV if (S (NP-SBJ you) (VP have (NP a good , strong credit)))) , (NP-SBJ people) (VP have (NP an appetite) (PP for (NP it))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-1 Morgan Stanley) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP price (NP (NP another junk bond deal) , (NP (NP (QP $ 350 million) *U*) (PP of (NP senior subordinated debentures)) (PP by (NP Continental Cablevision Inc.))) ,) (NP-TMP next Tuesday)))))) .)) (TOP (S (PP In (NP (NP light) (PP of (NP (NP the recent skittishness) (PP-LOC in (NP the high-yield market)))))) , (NP-SBJ junk bond analysts and traders) (VP expect (S (NP-SBJ-2 other high-yield deals) (VP to (VP be (VP sweetened or restructured (NP *-2) (SBAR-TMP before (S (NP-SBJ-1 they) (VP are (VP offered (NP *-1) (PP-DTV to (NP investors))))))))))) .)) (TOP (S (PP In (NP (NP the case) (PP of (NP Beatrice)))) , (NP-SBJ-1 Salomon Brothers Inc.) (VP is (VP considering (S (NP-SBJ *-1) (VP restructuring (NP (NP the reset mechanism) (PP on (NP (NP the (ADJP (QP $ 200 million) *U*) portion) (PP of (NP the offering))))))))) .)) (TOP (S (PP-LOC Under (NP (NP the (ADJP originally contemplated) terms) (PP of (NP the offering)))) , (NP-SBJ the notes) (VP would (VP have (VP been (VP reset (ADVP-TMP annually) (PP-CLR at (NP (NP a fixed spread) (PP above (NP Treasurys)))))))) .)) (TOP (S (PP-LOC Under (NP (NP the new plan) (VP being (VP considered (NP *))))) , (NP-SBJ the notes) (VP would (VP reset (ADVP-TMP annually) (PP-CLR at (NP (NP a rate) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP maintain (NP (NP a market value) (PP of (NP 101))) (ADVP *T*-1))))))))) .)) (TOP (S (NP-SBJ Price talk) (VP calls (SBAR for (S (NP-SBJ-1 the reset notes) (VP to (VP be (VP priced (NP *-1) (PP-CLR at (NP (NP a yield) (PP of (NP (QP between 13 1 % and 13 1 %) *U*)))))))))) .)) (TOP (NP-HLN Mortgage-Backed Securities)) (TOP (S (NP-SBJ (NP Activity) (PP-LOC in (NP derivative markets))) (VP was (ADJP-PRD strong) (PP with (NP (NP (NP four new real estate mortgage investment conduits) (VP announced (NP *))) and (NP (NP talk) (PP of (NP several more deals)) (PP-TMP in (NP (NP today 's) session)))))) .)) (TOP (S (S (NP-SBJ The Federal National Mortgage Association) (VP offered (NP (NP (QP $ 1.2 billion) *U*) (PP of (NP Remic securities))) (PP-MNR in (NP three issues)))) , and (S (NP-SBJ the Federal Home Loan Mortgage Corp.) (VP offered (NP (NP a (ADJP (QP $ 250 million) *U*) Remic) (VP backed (NP *) (PP by (NP-LGS (ADJP 9 %) 15-year securities)))))) .)) (TOP (S (NP-SBJ (NP Part) (PP of (NP (NP the reason) (PP for (NP (NP the heavy activity) (PP-LOC in (NP derivative markets))))))) (VP is (SBAR-PRD that (S (NP-SBJ underwriters) (VP are (VP repackaging (NP (NP mortgage securities) (VP being (VP sold (NP *) (PP by (NP-LGS thrifts)))))))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ thrifts) (VP have (VP stepped (PRT up) (NP their mortgage securities sales) (SBAR-ADV as (S (NP-SBJ the bond market) (VP has (VP risen (PP-TMP in (NP the past two weeks))))))))))) .)) (TOP (S (PP-LOC In (NP the mortgage pass-through sector)) , (NP-SBJ active issues) (VP (VP rose) but (VP trailed (NP (NP gains) (PP-LOC in (NP the Treasury market))))) .)) (TOP (S (S (NP-SBJ-1 (NP Government National Mortgage Association (ADJP 9 %) securities) (PP for (NP November delivery))) (VP were (VP quoted (NP *-1) (ADVP-TMP late yesterday) (PP-CLR at (NP 98 10)) , (ADVP up (NP 10))))) ; and (S (NP-SBJ Freddie Mac (ADJP 9 %) securities) (VP were (PP-PRD at (NP 97 1)) , (ADVP up (NP 1)))) .)) (TOP (S (NP-SBJ The Ginnie Mae 9 % issue) (VP was (VP yielding (NP 8.36 %) (PP-CLR to (NP a 12-year average life assumption)) , (SBAR-TMP as (S (NP-SBJ (NP the spread) (PP above (NP the Treasury 10-year note))) (VP widened (ADVP-EXT slightly) (PP-DIR to (NP 1.46 percentage points))))))) .)) (TOP (NP-HLN Municipals)) (TOP (S (NP-SBJ A (ADJP (QP $ 575 million) *U*) (NAC-LOC San Antonio , Texas ,) electric and gas system revenue bond issue) (VP dominated (NP the new issue sector)) .)) (TOP (S (NP-SBJ (NP The refunding issue) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP been (PP-LOC-PRD in (NP the wings)) (PP-TMP for (NP two months)))))) ,) (VP was (NP-PRD (NP one) (PP of (NP (NP the chief offerings) (VP (VP overhanging (NP the market)) and (VP limiting (NP price appreciation))))))) .)) (TOP (S But (S-NOM-SBJ-1 (NP-SBJ *) (VP alleviating (NP that overhang))) (VP failed (S (NP-SBJ *-1) (VP to (VP stimulate (NP much activity) (PP-LOC in (NP (NP the secondary market) , (SBAR (WHADVP-2 where) (S (NP-SBJ prices) (VP were (NP-PRD (QP off 1 to up 3) point) (ADVP-LOC *T*-2)))))))))) .)) (TOP (S (NP-SBJ (NP An official) (PP with (NP lead underwriter First Boston))) (VP said (SBAR 0 (S (NP-SBJ (NP orders) (PP for (NP the San Antonio bonds))) (VP were `` (PP-PRD on (NP the slow side)))))) . '')) (TOP (S (NP-SBJ He) (VP attributed (NP that) (PP-CLR to (NP (NP (NP the issue 's) (NX (NX aggressive pricing) and (NX large size))) , (CONJP as well as) (NP (NP the general lethargy) (PP-LOC in (NP the municipal marketplace)))))) .)) (TOP (S-1 (PP In (NP addition)) , (PRN (S (NP-SBJ he) (VP noted (SBAR 0 (S *T*-1)))) ,) (S (NP-SBJ the issue) (VP would (ADVP normally) (VP be (NP-PRD (NP the type) (VP purchased (NP *) (PP by (NP-LGS property and casualty insurers))))))) , but (S (NP-SBJ (NP recent disasters) , (PP such as (NP (NP Hurricane Hugo) and (NP the Northern California earthquake))) ,) (VP have (VP (VP stretched (NP (NP insurers ') resources)) and (VP damped (NP (NP their demand) (PP for (NP bonds))))))) .)) (TOP (S (NP-SBJ-1 A (ADJP (QP $ 137.6 million) *U*) Maryland Stadium Authority sports facilities lease revenue bond issue) (VP appeared (S (NP-SBJ *-1) (VP to (VP be (PP-PRD off (PP to (NP a good start))))))) .)) (TOP (S (NP-SBJ The issue) (VP was (UCP-PRD (ADJP-PRD oversubscribed) and `` (VP doing (ADVP-MNR very well))) , '' (PP according (PP to (NP (NP an official) (PP with (NP lead underwriter Morgan Stanley)))))) .)) (TOP (S (NP-SBJ Activity) (VP quieted (PP-LOC in (NP (NP the New York City bond market) , (SBAR (WHADVP-1 where) (S (NP-SBJ heavy investor selling) (NP-TMP last week) (VP drove (NP (NP yields) (PP on (NP (NP the issuer 's) (UCP full faith and credit backed) bonds))) (ADVP-DIR up) (ADVP-EXT as much (PP as (NP 0.50 percentage point))) (ADVP-LOC *T*-1))))))) .)) (TOP (NP-HLN Foreign Bonds)) (TOP (S (NP-SBJ Japanese government bonds) (VP ended (ADVP lower) (SBAR-TMP after (S (NP-SBJ the dollar) (VP rose (ADVP-EXT modestly) (PP-CLR against (NP the yen)))))) .)) (TOP (S (NP-SBJ (NP The turnaround) (PP-LOC in (NP the dollar))) (VP fueled (NP (NP bearish sentiment) (PP about (NP (NP Japan 's) bond market)))) .)) (TOP (S (NP-SBJ (NP The benchmark No. 111 (ADJP 4.6 %) bond) (ADJP due (NP-TMP 1998))) (VP ended (PP on (NP (NP brokers ') screens)) (PP-CLR at (NP (NP a price) (PP of (NP 95.39)))) , (ADVP off (NP 0.28))) .)) (TOP (S (NP-SBJ The yield) (VP rose (PP-DIR to (NP 5.38 %))) .)) (TOP (S (NP-SBJ (ADJP West German) bond prices) (VP ended (ADVP lower) (PP after (NP (NP a day) (PP of (NP aimless trading))))) .)) (TOP (S (NP-SBJ-1 (NP The benchmark (ADJP 7 %) bond) (ADJP due (NP-TMP October 1999))) (VP fell (NP-EXT 0.20 point) (PP-DIR to (NP 99.80)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 7.03 %)))) , (SBAR-ADV while (S (NP-SBJ-2 (NP the (ADJP (QP 6 3) %) notes) (ADJP due (NP-TMP July 1994))) (VP fell (NP-EXT 0.10) (PP-DIR to (NP 97.65)) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 7.34 %)))))))) .)) (TOP (S (NP-SBJ British government bonds) (VP ended (ADVP slightly higher) (PP-LOC in (NP quiet trading)) (SBAR-ADV as (S (NP-SBJ investors) (VP looked (ADVP-DIR ahead) (PP-CLR to (NP (NP today 's) British trade report)))))) .)) (TOP (S (NP-SBJ-1 (NP The benchmark (ADJP (QP 11 3) %) Treasury bond) (ADJP due (NP-TMP 2003))) (VP rose (NP-EXT 1) (PP-DIR to (NP 111 21)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 10.11 %)))) , (SBAR-ADV while (S (NP-SBJ-2 (NP the (ADJP 12 %) issue) (PP of (NP 1995))) (VP rose (NP-EXT 3) (PP-DIR to (NP 103 23)) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 11.01 %)))))))) .)) (TOP (S `` (NP-SBJ The croaker) (VP 's (VP done (VP gone (PP-DIR from (NP the hook))))) --)) (TOP (INTJ damn !)) (TOP (S (NP-SBJ My language) (ADVP sure) (VP goes (PP-CLR to (NP pot)) (ADVP-LOC down here) (PP-LOC on (NP the coast))) . '')) (TOP (S (NP-SBJ (NP The husky blond guide) (PP with (NP the Aggie cap))) (VP twists (NP his face) (PP-MNR in (NP mock fury))) .)) (TOP (S `` (NP-SBJ-1 I) (VP got (S (NP-SBJ *-1) (VP to (VP (VP get (ADVP-DIR back (PP to (NP school)))) and (VP straighten (PRT out) (NP my English)))))) . '')) (TOP (S (NP-SBJ He) (VP has (NP (NP two more years) (PP-LOC at (NP Texas A&M)))) .)) (TOP (S (ADVP-TMP Right now) (NP-SBJ he) (VP takes (NP-3 people) (PRT out) (S-CLR (NP-SBJ *-3) (VP to (VP fish (PP-LOC in (NP (NP the bays) (PP-LOC behind (NP (NP the barrier islands) (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP curve (PP for (NP (NP hundreds) (PP of (NP miles)))) (PP-LOC along (NP (NP the eastern coast) (PP of (NP Texas)))) , (S-ADV (NP-SBJ *-4) (VP enclosing (NP (NP (ADJP milky green) lagoons) (PP-LOC behind (NP (NP ridges) (PP of (NP (NP sand) and (NP grassy scrub))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP rim (NP (NP the deep blue) (PP of (NP the Gulf beyond)))))))))))))))))))))) .)) (TOP (S (S (NP-SBJ There) (VP have (VP been (NP-PRD (NP three days) (PP of (NP hot , wind-swept rain)))))) , and (S (ADVP-TMP now) (PP with (NP the first sun)) (NP-SBJ we) (VP are (PP-PRD after (NP (NP speckled seatrout) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (PP with (NP redfish)) (VP provides (NP (NP most) (PP of (NP the game fishing))) (ADVP-LOC hereabouts)))))))) .)) (TOP (S (S (NP-SBJ The little radio) (VP fizzes (SBAR-ADV as (S (NP-SBJ-1 other boats) (VP want (S (NP-SBJ *-1) (VP to (VP see (SBAR if (S (NP-SBJ we) (VP have (VP found (NP any fish))))))))))))) -- (S (S-NOM-SBJ (NP-SBJ *) (VP spotting (NP location))) (VP is (NP-PRD everything) (PP-LOC in (NP this sport)))) .)) (TOP (S (NP-SBJ Negative answers) (VP crackle (ADVP back)) .)) (TOP (S (NP-SBJ The fish) (ADVP-TMP often) (VP are (ADJP-PRD plentiful) (PP-LOC around (NP (NP the pilings) (PP of (NP (NP the old gas wells) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP dot (NP the flat surface) (PP-MNR like (NP (NP the remains) (PP of (NP sunken ships)))))))))))) .)) (TOP (S (NP-SBJ We) (VP go (PP-DIR from (NP one)) (PP-DIR to (NP the other))) .)) (TOP (S (NP-SBJ The sun) (VP is (ADJP-PRD hot) (ADVP-TMP now) (SBAR-ADV though (S (NP-SBJ it) (VP 's (ADVP only) (NP-TMP-PRD (NP 8) (PP in (NP the morning))))))) .)) (TOP (S (NP-SBJ (NP The great silver clouds) (PP-LOC on (NP the horizon))) (VP build (NP themselves) (PP-LOC on (NP the pale water))) .)) (TOP (S (NP-SBJ We) (VP cruise (PP-DIR toward (NP (NP another set) (PP of (NP pilings))))) .)) (TOP (S (NP-SBJ The guide) (VP (VP scoops (PP-DIR into (NP a pail))) and (VP puts (NP a (ADJP frantically wiggling) croaker) (PP-PUT on (NP the hook)))) .)) (TOP (S (ADVP-TMP Then) (NP-SBJ he) (VP casts (PRT out)) .)) (TOP (S `` (NP-SBJ *) (ADVP Just) (VP wait (PP-CLR for (NP (NP that tap-tap) , (NP that thump-thump)))) .)) (TOP (S (NP-SBJ It) (VP comes (ADVP-MNR real gentle) (SBAR-TMP before (S (NP-SBJ it) (VP pulls)))) .)) (TOP (S (NP-SBJ *) (VP Do n't (VP forget , (SBAR 0 (S (NP-SBJ trout) (VP have (NP (ADJP very soft) mouths)))))) . '')) (TOP (S (NP-SBJ The radio) (VP queries (ADVP again)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ *) (VP Pickin ' (NP one or two))) , '' (VP says (S *T*-1)) (NP-SBJ-2 the guide) , (S-ADV (NP-SBJ *-2) (VP chuckling)) .)) (TOP (S `` (NP-SBJ You) (VP can (VP tell (SBAR 0 (S (NP-SBJ they) (VP 've (VP got (NP nothin '))))))) . '')) (TOP (S (NP-SBJ (NP A pair) (PP of (NP black skimmers))) (VP zig-zag (ADVP-DIR past) (ADVP-LOC close (PP to (NP the surface)))) .)) (TOP (S (ADVP-TMP Soon) (NP-SBJ we) (VP have (NP (NP our limit) (PP of (NP (NP the shimmering fish) (ADJP stippled (PP in (NP rose-gold and black))))))) .)) (TOP (S And (NP-SBJ we) (VP are (NP-PRD (NP the first) (ADVP-LOC back (PP at (NP (NP the dock) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 the great blue herons) (VP stand (S (NP-SBJ *-1) (VP waiting (PP-LOC by (NP the cleaning benches)) (ADVP-LOC *T*-2))))))))))) .)) (TOP (S (S (NP-SBJ The guide) (VP is (ADJP-PRD young))) and (S (NP-SBJ he) (VP knows (NP this business))) but (S (NP-SBJ he) (VP wants (NP (NP a different life) (PP-TMP after (NP college)) , (PP such as (S-NOM (NP-SBJ *) (VP (VP working (PP-CLR for (NP IBM))) and (VP wearing (NP a necktie)))))))) .)) (TOP (S (NP-SBJ This) (VP must (VP be (NP-PRD (NP the last big stretch) (PP of (NP the American seacoast)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is `` (ADJP-PRD undeveloped))))))) . '')) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP a few ramshackle fishing towns) (PP with (NP (NP quiet atolls) (PP of (NP resort houses))))) (ADVP-LOC nearby)) .)) (TOP (S (NP-SBJ-1 People) (VP are not (ADJP-PRD apt (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD self-conscious (PP about (NP (NP the place) or (NP themselves))))))))) .)) (TOP (S (S (S (NP-SBJ Texas) (VP is (ADJP-PRD big and beautiful))) and (S (NP-SBJ they) (VP live (ADVP-LOC-CLR here)))) , (S (NP-SBJ that) (VP 's (NP-PRD all))) .)) (TOP (SINV (VP-TPC-2 Jutting (ADVP out) (PP-LOC just to (NP (NP the north) (PP of (NP us))))) (VP is (VP *T*-2)) (NP-SBJ (NP the Blackjack Peninsula) (PRN -LRB- (PP after (NP (NP the oak) , not (NP the game))) -RRB-) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP forms (NP (NP the core) (PP of (NP the Aransas Wildlife Refuge))))))) .)) (TOP (S (NP-SBJ It) (VP is (ADJP-PRD famous) (PP as (NP (NP the winter home) (PP of (NP (NP the whooping crane) , (NP (NP that symbol) (PP of (NP (NP the destruction) (PP of (NP wild America)))))))))) .)) (TOP (S (NP-TMP Last year) (NP-SBJ-1 a gunner) (VP shot (NP a whooper) (PP-MNR by (NP mistake)) (S-ADV (NP-SBJ *-1) (VP thinking (SBAR that (S (NP-SBJ it) (VP was (NP-PRD a snow goose))))))) .)) (TOP (S (NP-SBJ-1 He) (VP (VP paid (NP an immense fine)) and (VP was (ADJP-PRD lucky (PRN , (PP according (PP to (NP a local wag))) ,) (S (NP-SBJ *-1) (VP to (VP escape (NP the gas chamber))))))) .)) (TOP (S (NP-SBJ The peninsula) (VP comes (PP-DIR off (NP the vast southeastern alluvial plain)) (PP with (NP (NP fields) (PP of (NP rice and cotton and sorghum)) (ADVP (ADVP as far) (SBAR as (S (NP-SBJ the eye) (VP can (VP see (ADVP *?*))))))))) .)) (TOP (S (PP-LOC Near (NP the coast)) (NP-SBJ there) (VP are (NP-PRD (NP dense coverts) (PP of (NP live oak)) (VP interspersed (NP *) (PP-CLR with (NP marshes and prairies))))) .)) (TOP (S (S (NP-SBJ (NP Deer) , (NP wild hog) , (NP armadillos) and (NP alligators)) (VP are (NP-PRD the glamour quadrupeds))) and (S (NP-SBJ the birds) (VP are (ADJP-PRD innumerable) (PRN , (ADVP especially) (NP (NP the herons) and (NP the spoonbills))))) .)) (TOP (S (PP-LOC Above (NP (NP the blossoms) (PP of (NP (NP lantana) and (NP scarlet pea))))) (NP-SBJ the (ADJP inky-brown and golden) palamedes butterfly) (VP floats (PP-LOC on (NP its lazy wingbeat))) .)) (TOP (S (ADVP-LOC Inland (NP a few miles) (PP from (NP the refuge))) (NP-SBJ there) (VP is (NP-PRD (NP a place) (VP called (S (NP-SBJ *) (NP-PRD Tivoli))) , (PP with (NP (NP a white church) , (NP a gas station) and (NP a grocery))) , (NP (NP the houses) (ADJP relatively close together (PP for (NP (NP such a settlement) (PP-LOC in (NP these parts)))))))) .)) (TOP (S `` (NP-TTL-TPC Tivoli Motel) , '' (NP-SBJ I) (VP read (NP a sign) (PP-MNR in (NP (NP the usual pronunciation) (PP of (NP the name)))) (SBAR-TMP as (S (NP-SBJ we) (VP whoosh (ADVP-DIR through))))) .)) (TOP (S `` (S-TPC-1 (ADVP-LOC Here (PP in (NP south Texas))) (NP-SBJ we) (VP say (NP Tie-vole-ee))) , '' (NP-SBJ my host) (ADVP-MNR gently) (VP corrects (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. King) (VP is (NP-PRD (NP the director) (PP of (NP (NP the Foreign Press Center) (PP-LOC in (NP New York)))))) .)) (TOP (S (NP-SBJ (NP AEG AG) and (NP Siemens AG)) (VP said (SBAR 0 (S (NP-SBJ they) (VP will (VP launch (NP (NP their (ADJP previously announced) joint venture) (PP for (NP power semiconductors))) (PP-TMP in (NP January))))))) .)) (TOP (S (NP-SBJ The two (ADJP West German) electronics concerns) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP have (VP set (PRT up) (NP European Power Semiconductor Co.) (S-PRP (NP-SBJ *-1) (VP to (VP merge (NP (NP their activities) (PP-LOC in (NP the field))))))))))) .)) (TOP (S (NP-SBJ AEG and Siemens) each (VP will (VP hold (NP (NP a (ADJP 50 %) stake) (PP-LOC in (NP the venture))))) .)) (TOP (S (NP-SBJ The joint venture) (VP will (VP have (NP (NP (NP nominal capital) (PP of (NP (NP (QP 50 million) marks) (PRN -LRB- (NP (QP $ 26.9 million) *U*) -RRB-)))) and (NP 700 employees)))) .)) (TOP (S (NP-SBJ It) (VP will (VP develop , produce and market (NP high-performance electronic parts))) .)) (TOP (S (NP-SBJ Siemens) (VP is (NP-PRD (NP West Germany 's) largest electronics group)) .)) (TOP (S (NP-SBJ-1 AEG) (VP is (NP-EXT 80 %) (VP owned (NP *-1) (PP by (NP-LGS (NP Daimler-Benz AG) , (NP (NP the country 's) biggest industrial concern))))) .)) (TOP (S (NP-SBJ Dana Corp.) (VP said (SBAR 0 (S (NP-SBJ its third-quarter net income) (VP fell (NP-EXT 27 %) (PP-DIR to (NP (NP (QP $ 29.6 million) *U*) , or (NP (NP 72 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 40.7 million) *U*) , or (NP (NP $ 1 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Sales) (VP dropped (NP-EXT 4 %) (PP-DIR to (NP (QP $ 1.12 billion) *U*)) (PP-DIR from (NP (QP $ 1.17 billion) *U*))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP supplies (NP (NP transmissions) and (NP other drive-train parts)) (PP-CLR to (NP auto makers))))) ,) (VP said (SBAR 0 (S (NP-SBJ (QP about half) the earnings drop) (VP came (PP-CLR from (NP (NP the `` virtual collapse '') (PP of (NP the Venezuelan auto industry)))))))) .)) (TOP (S (NP-SBJ The Venezuelan currency) (VP plummeted (NP-TMP this year) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD difficult) (SBAR-1 for (S (NP-SBJ (NP auto makers) (ADVP-LOC there)) (VP to (VP afford (NP imported parts))))))))) .)) (TOP (S (NP-SBJ Dana) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP hurt (NP *-1) (PP (PP by (NP-LGS slumping U.S. truck sales)) and (PP by (NP-LGS (NP a strike) (PP-LOC at (NP a parts supplier)))))))))) .)) (TOP (S (NP-SBJ (NP The company) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Toledo) , (NP Ohio)))) ,) (VP had (VP said (SBAR 0 (S (NP-SBJ it) (VP expected (NP reduced third-quarter profit)))))) .)) (TOP (S (NP-SBJ (NP Mary Anne Sudol) , (NP (NP an analyst) (PP-LOC at (NP (NP Fitch Investors) (PP-LOC in (NP New York))))) ,) (VP said (SBAR 0 (S (NP-SBJ automotive suppliers) (VP were (VP reporting (NP (NP lower profit) (PP-LOC (ADVP almost) `` across (NP the board)))))))) . '')) (TOP (S (NP-SBJ (NP Southwood J. Morcott) , (NP (NP Dana 's) president) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the company 's) decision (S (NP-SBJ *) (VP to (VP approve (NP its normal fourth-quarter dividend))))) (VP indicated (NP its underlying strength))))) .)) (TOP (S (NP-SBJ (NP Norimasa Furuta) , (NP (NP president) (PP of (NP (NP Japan 's) Mazda Motor Corp.))) ,) (VP said (SBAR 0 (S (NP-SBJ the Japanese car maker) (VP is (VP planning (NP (NP joint production) (PP with (NP Ford Motor Co.)) (PP-LOC in (NP Europe)) (ADVP-TMP ahead (PP of (NP (NP the European Community 's) 1992 integration))))))))) .)) (TOP (S (NP-SBJ Mr. Furuta) (VP (VP did n't (VP disclose (NP (NP further details) (PP of (NP the arrangement))) (PP-LOC at (NP a news conference)))) , but (VP said (SBAR 0 (S (NP-SBJ-1 the project) (VP would (VP be (VP undertaken (NP *-1) (PP with (NP (NP Ford 's) European subsidiary))))))))) .)) (TOP (S (NP-SBJ A Ford official) (VP confirmed (PP-LOC in (NP Tokyo)) (SBAR that (S (NP-SBJ the U.S. motor vehicle maker) (VP is (VP studying (NP such an arrangement)))))) .)) (TOP (S (PP-TMP At (NP age eight)) , (NP-SBJ-1 Josephine Baker) (VP was (VP sent (NP-2 *-1) (PP by (NP-LGS her mother)) (PP-DIR to (NP (NP a white woman 's) house)) (S-CLR (NP-SBJ *-2) (VP to (VP do (NP chores) (PP in (NP (NP exchange) (PP for (NP (NP meals) and (NP (NP (NP a place) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP sleep (ADVP-LOC *T*-3)))))) -- (NP (NP a place) (PP-LOC in (NP the basement)) (PP with (NP the coal))))))))))))) .)) (TOP (S (PP-TMP At (NP age 19)) , (NP-SBJ-1 she) (VP was (NP-PRD a Paris sensation) , (S-ADV (NP-SBJ *-1) (VP transformed (NP *) (PP-CLR from (NP unwanted child)) (PP-CLR to (NP international sex symbol)) (PP-TMP in (NP (QP just over a) decade))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP the stuff) (PP (PP of (NP dreams)) , but also (PP of (NP traumas))))) .)) (TOP (S (NP-SBJ Only the bravest spirits) (VP survive (NP such roller coasters)) .)) (TOP (S And , (PP for (NP Ms. Baker)) , (NP-SBJ the ride) (VP was (ADVP-PRD far from over)) .)) (TOP (S (S (NP-SBJ (NP Her bare breasts) , (NP her dancing) , (NP her voice) , (NP her beauty) and (PRN , (ADVP perhaps) (ADVP most famously) ,) (NP her derriere) ,) (VP were (NP-PRD prominent attractions))) , but (S (NP-SBJ (NP courage) (PP of (NP a rare sort))) (VP made (S (NP-SBJ her remarkable life) (ADJP-PRD possible)))) .)) (TOP (S (NP-SBJ (NP Bricktop) , (NP (NP another American black woman) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP found (NP (NP a measure) (PP of (NP fame))) (PP-LOC in (NP Paris)))))) ,) (VP said : `` (S (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ I) (VP 've (ADVP ever) (VP known (NP (NP anyone) (UCP (PP with (NP (NP a (ADJP less complicated) view) (PP of (NP life)))) , or (SBAR (WHNP-2 whose life) (S (NP-SBJ *T*-2) (VP was (ADJP-PRD more complicated (PP than (NP Josephine 's)))))))))))))))) . '')) (TOP (S (NP-SBJ Men) (VP were (NP-PRD a constant complication)) .)) (TOP (S (NP-SBJ Baker) (VP had (NP (NP lots) (PP of (NP them)))) .)) (TOP (S But (NP-SBJ she) (VP (VP did n't (VP trust (NP them))) and (VP did n't (VP reward (NP trust)))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ she) (VP saw (NP one key love affair)))) , (S (NP-SBJ the problem) (VP was n't (NP-PRD her infidelity))) , (S (NP-SBJ it) (VP was (NP-PRD his jealousy))) .)) (TOP (S (NP-SBJ (NP Her appetite) (PP for (NP children))) (ADVP also) (VP was (ADJP-PRD large)) .)) (TOP (S (NP-SBJ-1 She) (VP adopted (NP (NP 12) (PP of (NP assorted races))) , (S-ADV (NP-SBJ *-1) (VP (VP naming (S (NP-SBJ them) (NP-PRD the Rainbow Tribe))) , and (VP (VP driving (NP her husband) (ADVP-TMP-2 first) (PP-DIR-3 to (NP despair))) and (VP (ADVP-TMP=2 then) (PP-DIR=3 to (NP Argentina))))))) .)) (TOP (S (NP-SBJ She) (VP (VP made (NP money)) , but (VP spent (NP more))) .)) (TOP (S (NP-SBJ Friends) (VP pitched (PRT in)) .)) (TOP (S (ADVP Finally) , (NP-SBJ (NP Prince Rainier) and (NP Princess Grace)) (VP saved (NP her) (PP-MNR with (NP (NP the offer) (PP of (NP (NP a house) (PP-LOC in (NP Monaco))))))) .)) (TOP (S (NP-SBJ Another lifelong complication) , (SBAR as (S (NP-SBJ Phyllis Rose) (VP makes (S (NP-SBJ *?*) (ADJP-PRD clear)) (PP-LOC in (NP `` (NP-TTL (NP Jazz Cleopatra) : (NP (NP Josephine Baker) (PP in (NP Her Time)))) '' (PRN -LRB- (NP (NP Doubleday) , (NP 321 pages) , (NP $ 22.50 *U*)) -RRB-)))))) , (VP was (NP-PRD racism)) .)) (TOP (S (NP-SBJ Baker) (VP had (NP the good luck (S (NP-SBJ *) (VP to (VP arrive (PP-DIR in (NP (NP 1925 Paris) , (SBAR (WHADVP-1 where) (S (NP-SBJ blacks) (VP had (VP become (ADJP-PRD exotic) (ADVP-LOC *T*-1)))))))))))) .)) (TOP (S (S (NP-SBJ African art) (VP was (PP-PRD in (NP vogue)))) and (S (NP-SBJ some intellectuals) (VP were (VP writing (ADVP-MNR breathlessly) (PP-CLR of (NP (NP a dawning age) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP inspired (NP *-1) (PP by (NP-LGS blacks)))))))))))) .)) (TOP (S (S (S-SBJ (NP-SBJ *) (VP To (VP be (ADJP-PRD exotic)))) (VP was (S-PRD (NP-SBJ-1 *) (VP to (VP be (VP patronized (CONJP as well as) prized (NP *-1))))))) , but (S (PP for (NP the most part)) (NP-SBJ Paris) (VP was (NP-PRD (NP a friendly island) (PP-LOC in (NP a racist world))))) .)) (TOP (S (NP-SBJ Baker) (VP had (NP (NP bitter experience) (PP of (NP bigotry)) (PP from (NP (NP her St. Louis childhood) and (NP (NP her days) (PP-LOC in (NP (NP New York theater) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 she) (VP was (VP judged (S (NP-SBJ *-1) (ADJP-PRD too dark (PP for (NP (NP an all-black chorus line) -LRB- (VP performing (PP of (NP course)) (PP for (NP all-white audiences))) -RRB-)))) (ADVP-LOC *T*-2)))))))))))) .)) (TOP (S (NP-SBJ Paris) (VP loved (NP her) (PP-TMP at (NP first sight))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ She) (ADVP just) (VP wiggled (NP her fanny))) and (S (NP-SBJ all the French) (VP fell (PP-CLR in (NP love)) (PP-CLR with (NP her))))) , '' (VP sniffed (S *T*-1)) (NP-SBJ (NP the literary world 's) Maria Jolas) , (ADVP-MNR (ADVP not entirely) inaccurately) .)) (TOP (S `` (S-TPC-1 (NP-SBJ One) (VP can (ADVP hardly) (VP overemphasize (NP (NP the importance) (PP of (NP her rear end)))))) , '' (NP-SBJ Ms. Rose) (VP writes (S *T*-1)) .)) (TOP (S (NP-SBJ-2 (NP Ms. Rose) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP teaches (NP literature) (PP-LOC at (NP Wesleyan University))))) ,) (ADVP-MNR quickly) (VP proceeds (S (NP-SBJ *-2) (VP to (VP overemphasize))) , (S-ADV (NP-SBJ *-2) (VP (VP claiming (SBAR that (S (NP-SBJ (NP Baker 's) dancing) `` (VP had (VP uncovered (NP (NP a new region) (PP for (NP desire))))) ''))) and (ADVP thereby) (VP ignoring (NP (NP centuries) (PP of (NP (NP tributes) (PP to (NP the callipygous))))))))) .)) (TOP (S `` (NP-TTL-SBJ Jazz Cleopatra) '' (VP contains (NP (NP other , (ADJP more important) , false notes) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP undermine (SBAR-NOM (WHNP-2 what) (S (NP-SBJ *T*-2) (VP is , (PP for (NP the most part)) , (NP-PRD (NP a lively account) (PP of (NP (NP a life) (ADJP already familiar (PP from (NP earlier works)))))))))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-2)) (VP is (ADJP-PRD easy) (S-2 (NP-SBJ *) (VP to (VP see (SBAR (WHADVP why) (S (NP-SBJ (NP Baker) , (NP (NP a free spirit) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP broke (NP (NP many) (PP of (NP (NP the restraints) (SBAR (WHNP-3 0) (S (NP-SBJ convention) (VP places (NP *T*-3) (PP-CLR on (NP women)))))))))))) ,) (VP attracts (NP (NP Ms. Rose) , (NP (NP the author) (PP of (NP `` (NP Parallel Lives) , '' (NP (NP a wonderful study) (PP of (NP Victorian marriage)))))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ even the title) (VP raises (NP (NP questions) (PP about (NP (NP (NP the author 's) vision) (PP of (NP her subject)))))) .)) (TOP (S (NP-SBJ (NP Baker 's) art) (VP was (NP-PRD jazz) (PP-MNR (ADVP only) by (NP (NP the widest stretch) (PP of (NP the term))))) .)) (TOP (S (S-SBJ (NP-SBJ *) (VP To (VP find (NP (NP parallels) , (ADJP other (PP than (NP sexual appeal))) , (PP with (NP Cleopatra)) ,)))) (VP requires (NP an equal stretch)) .)) (TOP (S (NP-SBJ Baker) (VP was (ADJP-PRD (NP 68 years) old) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ she) (VP (VP died (PP-LOC in (NP Paris)) (ADVP-TMP *T*-2) , (PP-TMP (NP two days) after (NP (NP the sold-out opening) (PP of (NP her newest show))))) : (NP (NP a movie-like ending) (PP to (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP was (NP-PRD a cinematic life)))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ Ms. Baker) (VP played (NP (NP scenes) (SBAR *ICH*-2)) (PP-LOC in (NP Casablanca)) (SBAR-2 (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP have (VP made (NP-CLR it) (PP-DIR into `` (NP-TTL Casablanca)))))))) . '')) (TOP (S (PP-TMP During (NP World War II)) , (NP-SBJ (NP her uncomplicated view) (PP of (NP life))) (VP led (NP her) (PP-DIR to (NP (NP the conclusion (SBAR that (S (NP-SBJ-1 the Nazis) (VP (VP were (ADJP-PRD evil)) and (VP must (VP be (VP resisted (NP *-1)))))))) , (NP (NP a decision) (VP made (NP *) (PP by (NP-LGS (NP (QP only about 2) %) (PP of (NP French citizens))))))))) .)) (TOP (S (NP-SBJ-1 She) (VP was (ADJP-PRD devoted (PP to (NP (NP Charles de Gaulle 's) cause))) , (S-ADV (NP-SBJ-2 *-1) (VP accepting (NP (NP great financial sacrifice) and (NP considerable risk)) (S-PRP (NP-SBJ *-2) (VP to (VP become (NP-PRD (ADVP-TMP first) (NP a spy) and then (NP (NP a one-woman USO tour) (PP for (NP (NP the forces) (PP of (NP Free France)))))))))))) .)) (TOP (S (PP-LOC In (NP (NP Humphrey Bogart 's) nightclub)) , (NP-SBJ-1 Victor Laszlo) (VP leads (NP Free French sympathizers) (PP in `` (NP-TTL La Marseillaise) '') (S-PRP (NP-SBJ *-1) (VP to (VP drown (PRT out) (NP the Nazis))))) .)) (TOP (S (NP-TMP (NP The night) (SBAR (WHADVP-1 0) (S (NP-SBJ the Germans) (VP occupied (NP (NP all) (PP of (NP France))) (ADVP-TMP *T*-1))))) , (NP-SBJ Baker) (VP performed (PP-LOC in (NP Casablanca))) .)) (TOP (S (S (NP-SBJ The Free French) (VP wore (NP black arm bands))) , and (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ she) (VP sang `` (NP-TTL J'ai deux amours) '' (ADVP-TMP *T*-1)))) (NP-SBJ they) (VP wept)) .)) (TOP (S (NP-SBJ Ms. Rose) (VP is (ADJP-PRD best) (PP on (NP (NP the early years) and (NP World War II)))) .)) (TOP (S (S (PP-LOC In (NP her introduction)) , (NP-SBJ Ms. Rose) (VP writes (SBAR that (S (NP-SBJ she) (VP feels (SBAR 0 (S (NP-SBJ she) (VP has (NP (NP much) (PP in (NP (NP common) (PP with (NP Baker))))))))))))) , but (S (SBAR-TMP as (S (NP-SBJ `` Jazz Cleopatra '') (VP goes (PRT on)))) , (NP-SBJ it) (VP seems (ADJP-PRD more rushed) , (SBAR-ADV as though (S (NP-SBJ the author) (VP were (VP growing (ADJP-PRD less interested))))))) .)) (TOP (S (NP-SBJ It) (VP does n't (VP help (SBAR that (S (ADVP-TMP sometimes) (NP-SBJ-1 (NP Ms. Rose 's) language) (VP fails (S (NP-SBJ *-1) (VP to (VP deliver (NP (NP the effect) (SBAR (WHNP-2 0) (S (NP-SBJ-3 she) (VP appears (S (NP-SBJ *-3) (VP to (VP want (NP *T*-2)))))))))))))))) .)) (TOP (S (NP-SBJ One chapter) (VP opens : `` (S (NP-SBJ World War II) (VP was not (NP-PRD (NP one) (PP of (NP (NP France 's) glorious moments)))))) . '')) (TOP (S (ADVP-LOC Elsewhere) , (PP in (NP an attempt (S (NP-SBJ-2 *) (VP to (VP explain (PP-MNR without (S-NOM (NP-SBJ *-2) (VP stating (NP it) (ADVP-MNR plainly) (SBAR *PPA*-5)))) (SBAR-5 that (S (NP-SBJ Baker) (VP had (NP a large gay following) (ADVP-TMP later (PP in (NP her career))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ she) (VP was (NP-PRD an (NX (NX overdressed singer) (CONJP rather than) (NX underdressed dancer))) (ADVP-TMP *T*-3)))))))))))) , (NP-SBJ Ms. Rose) (VP writes : `` (S (NP-SBJ She) (VP was (NP-PRD (NP a female impersonator) (SBAR (WHNP-1 who) (S (NP-SBJ-4 *T*-1) (VP happened (S (NP-SBJ *-4) (VP to (VP be (NP-PRD a woman))))))))))) . '')) (TOP (S (NP-SBJ (NP One devoted fan) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP (VP fell (PP-LOC-CLR under (NP (NP Baker 's) spell)) (PP-TMP in (NP 1963))) and (VP began (S (NP-SBJ *-2) (VP collecting (NP Baker memorabilia)))))))) (VP was (NP-PRD Bryan Hammond)) .)) (TOP (S (PP-LOC In (NP `` (NP-TTL Josephine Baker) '' (PRN -LRB- (NP (NP Jonathan Cape) , (NP 304 pages) , (NP $ 35 *U*)) -RRB-) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP was (VP (VP published (NP *-2) (PP-LOC in (NP Britain)) (NP-TMP last year)) and (VP distributed (NP *-2) (PP-LOC in (NP the U.S.)) (NP-TMP this month)))))) ,)) (NP-SBJ-3 Mr. Hammond) (VP has (VP used (NP his collection) (S-CLR (NP-SBJ *-3) (VP to (VP produce (NP (NP an album) (PP of (NP (NP photographs and drawings) (PP of (NP the star)))))))))) .)) (TOP (S (S (NP-SBJ (NP The text) (PP by (NP Patrick O'Connor))) (VP is (NP-PRD a tough read))) , but (S (NP-SBJ-1 the pictures) (VP (VP make (S (NP-SBJ her magnetism) (ADJP-PRD clear))) and (VP help (S (NP-SBJ *-1) (VP explain (SBAR (WHADVP why) (S (NP-SBJ Ernest Hemingway) (VP called (S (NP-SBJ Baker) `` (NP-PRD (NP The most sensational woman) (SBAR (WHNP-2 0) (S (NP-SBJ anybody) (ADVP-TMP ever) (VP saw (NP *T*-2)))))))))))))) .)) (TOP (FRAG Or (ADVP-TMP ever) (VP will) . '')) (TOP (S (NP-SBJ Mr. Lescaze) (VP is (NP-PRD (NP foreign editor) (PP of (NP the Journal)))) .)) (TOP (S (NP-SBJ-1 Manville) , (S-ADV (NP-SBJ *-1) (VP having (VP rid (NP itself) (PP-CLR of (NP asbestos))))) , (ADVP-TMP now) (VP sells (NP (NP fiberglass) , (NP forest products) , (NP minerals) and (NP industrial goods))) .)) (TOP (S (NP-PRD-TPC-1 Heady stuff) (NP-SBJ it) (VP 's not (NP-PRD *T*-1)) .)) (TOP (S But (S (NP-SBJ (NP Manville 's) ownership) (VP is (ADJP-PRD unusual))) , and (S (NP-SBJ it) (VP has (VP caught (NP (NP the eye) (PP of (NP some (ADJP (ADJP canny) (PRN -- and (ADJP patient) --)) investors)))))) .)) (TOP (S (NP-SBJ-1 (NP The Denver-based concern) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP emerged (PP-CLR from (NP bankruptcy-law proceedings)) (NP-TMP late last year)))) ,) (VP is (VP controlled (NP *-1) (PP by (NP-LGS the Manville Personal Injury Settlement Trust)))) .)) (TOP (S (NP-SBJ (NP The trust) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP 80 %) (PP of (NP (NP Manville 's) stock))) (PP-MNR on (NP a (ADJP fully diluted) basis))))) ,) (VP is (NP-PRD (NP a separate legal entity) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP is (VP settling (NP claims) (PP-CLR with (NP asbestos victims)))))))) .)) (TOP (S (SBAR-ADV (UCP (WHADVP-2 When) and if) (S (NP-SBJ the trust) (VP (VP runs (PRT out) (PP-CLR of (NP cash)) (ADVP-TMP *T*-2)) -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP seems (ADJP-PRD increasingly likely)))) --))) (NP-SBJ-3 it) (VP will (VP need (S (NP-SBJ *-3) (VP to (VP convert (NP its Manville stock) (PP-CLR to (NP cash))))))) .)) (TOP (S But (PP as (NP an (ADJP 80 %) owner)) , (SBAR-ADV if (S (NP-SBJ-1 it) (VP tried (S (NP-SBJ *-1) (VP to (VP sell (NP (NP much) (PP of (NP its stock))) (PP-LOC in (NP the market)))))))) , (NP-SBJ it) (VP would (ADVP likely) (VP depress (NP (NP the price) (PP of (NP its shares))))) .)) (TOP (S (NP-SBJ Some investors) (VP say (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD a good chance (SBAR that (S (NP-SBJ-2 the trust) (VP will , (ADVP instead) , (VP seek (S (NP-SBJ *-2) (VP to (VP convert (NP (NP the company 's) shares) (PP-CLR to (NP cash)) , (PP-MNR in (NP (NP some sort) (PP of (NP (NP friendly restructuring) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would n't (VP involve (S (NP-SBJ *) (ADVP just) (VP dumping (NP stock) (PP-LOC-CLR on (NP the market)))))))))))))))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ Their principal asset) (VP is (NP-PRD Manville common stock))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Jeffrey Halis) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP (NP Sabre Associates) , (NP (NP an investment fund) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP owns (NP Manville shares)))))))))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ-1 they) (VP tried (S (NP-SBJ *-1) (VP to (VP sell)))))) , (NP-SBJ they) (VP 'd (VP be (VP chasing (NP their own tail)))) .)) (TOP (S (SBAR-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP makes (NP the most sense)))) (VP is (S-PRD (NP-SBJ *) (VP to (VP find (NP (NP someone) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP wants (S (NP-SBJ *-3) (VP to (VP (VP buy (NP the whole company)) or (VP cause (NP (NP a recapitalization) (PP of (NP all shares))))))))))))))) . '')) (TOP (S (NP-SBJ The trust) (VP is n't (VP commenting (PP-CLR on (SBAR (WHADVP-1 when) (S (NP-SBJ-2 it) (VP might (VP need (S (NP-SBJ *-2) (VP to (VP liquefy (NP its Manville stock)))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP (NP the trust 's) cash flow) (PP from (NP investments))) (VP is (ADJP-PRD far short (PP of (NP (NP its payments) (PP to (NP asbestos victims)))))) .)) (TOP (S (NP-SBJ Its cash and liquid securities) (VP fell (PP-EXT by (NP (QP $ 338 million) *U*)) (PP-TMP in (NP (NP the first six months) (PP of (NP 1989))))) .)) (TOP (S (NP-SBJ The trust) (ADVP also) (VP will (VP receive (NP (NP (QP $ 75 million) *U*) (NP-ADV a year)) (PP-TMP starting (PP in (NP 1991))) (PP on (NP (NP a bond) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP holds (NP *T*-1)))) (PP from (NP Manville)))))) .)) (TOP (S And , (PP-TMP beginning (PP in (NP 1992))) , (NP-SBJ it) (VP will (VP have (NP (NP a claim) (PP on (NP (NP (QP as much as 20) %) (PP of (NP (NP Manville 's) annual net income))))))) .)) (TOP (S (ADVP Even so) , (NP-SBJ-1 the trust) (VP would (VP seem (S (NP-SBJ *-1) (VP to (VP be (VP facing (NP a cash crunch))))))) .)) (TOP (S (PP-TMP As (PP of (NP June 30))) , (NP-SBJ it) (VP had (VP settled (NP (NP (QP only about 15,000)) (PP of (NP (NP the 81,000 received claims) (PP from (NP asbestos victims))))) , (PP-CLR for (NP (NP an average) (PP of (NP (NP $ 40,424 *U*) (NP-ADV each))))))) .)) (TOP (S -LRB- (NP-SBJ The average) (VP should (VP drop (PP-TMP over (NP time)) , (SBAR-PRP since (S (NP-SBJ-1 the (ADJP most expensive) claims) (VP are (VP being (VP settled (NP *-1) (ADVP-TMP first)))))))) -RRB- .)) (TOP (S And (PP-TMP as (PP of (NP midyear))) , (NP-SBJ (ADJP settled but unpaid) claims) (VP amounted (PP-CLR to (NP (NP (QP $ 136 million) *U*) -- (NP (NP (QP more than half) (NP the trust 's) total) (PP of (NP (NP (QP $ 268 million) *U*) (PP in (NP (NP cash) and (NP marketable securities))))))))) .)) (TOP (S `` (S-TPC-1 (PP-TMP At (NP some point)) , (NP-SBJ-2 we) (VP 're (VP going (S (NP-SBJ *-2) (VP to (VP need (NP (NP an infusion) (PP of (NP funds))))))))) , '' (NP-SBJ (NP a person) (ADJP close (PP to (NP the trust)))) (VP says (S *T*-1)) .)) (TOP (S (PP-TMP Even before (NP then)) , (NP-SBJ-1 the trust) (VP may (VP be (ADJP-PRD eager (S (NP-SBJ *-1) (VP to (VP unload (NP Manville stock))))))) .)) (TOP (S (S (NP-SBJ It) (VP does n't (VP pay (NP a dividend)))) , and (S (NP-SBJ this trust) (VP needs (NP income))) .)) (TOP (S (ADVP Moreover) , (SBAR-ADV with (S (NP-SBJ-1 (NP 88 %) (PP of (NP its assets))) (VP tied (NP *-1) (PRT up) (PP-LOC-CLR in (NP Manville))))) , (NP-SBJ the trust) (VP is (PP-PRD (ADVP badly) in (NP (NP need) (PP of (NP diversification))))) .)) (TOP (S `` (S-TPC-1 (ADVP Obviously) , (NP-SBJ a diversified portfolio) (VP would (VP have (NP less risk)))) , '' (NP-SBJ (NP the person) (ADJP close (PP to (NP the trust)))) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Manville) (NP itself)) (VP does n't (VP rule (PRT out) (NP a restructuring))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ (NP the ink) (PP-LOC *ICH*-2)) (VP is (ADJP-PRD barely dry) (PP-LOC-2 on (NP its new , post-bankruptcy law structure))))) , (NP-SBJ (NP Bill Bullock) , (NP (NP (NP Manville 's) head) (PP of (NP investor relations))) ,) (VP says (SBAR 0 (S (NP-SBJ the company) (VP is (ADVP-TMP continually) (VP pondering `` (SBAR whether (S (NP-SBJ there) (VP is (NP-PRD (NP a better way) (SBAR (WHADVP-3 0) (S (NP-SBJ-1 *) (VP to (VP be (VP structured (NP *-1) (ADVP-MNR *T*-3))))))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ We) (VP understand (SBAR that (S (NP-SBJ-1 the trust) (VP is (ADVP ultimately) (VP going (S (NP-SBJ-2 *-1) (VP to (VP need (S (NP-SBJ *-2) (VP to (VP sell (NP (NP some) (PP of (NP our shares))))))))))))))) , '' (NP-SBJ he) (VP says (S *T*-3)) .)) (TOP (S (PP Of (NP course)) , (NP-SBJ one option) (VP would (VP be (SBAR-PRD for (S (NP-SBJ Manville) (VP to (VP (VP buy (PRT out) (NP (NP the trust 's) shares)) -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP do (NP little) (S-PRP-CLR (NP-SBJ *) (VP to (VP benefit (NP public stockholders)))))))))))))) .)) (TOP (S But (NP-SBJ-1 the trust) , (PP-LOC in (NP most cases)) , (VP is (VP forbidden (NP-2 *-1) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP seeking (NP (NP a buyer) (PP for (NP only its shares))) (PP-TMP before (NP November 1993))))))) .)) (TOP (S And (NP-SBJ-1 both (NP the trust) and (NP Manville)) (VP are (VP seeking (S (NP-SBJ *-1) (VP to (VP avoid (NP (NP the bad publicity) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) , (PP-TMP in (NP the asbestos era)) , (VP tarred (NP the Manville name)))))))))) .)) (TOP (S-2 (ADVP Thus) (PRN , (S (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-3 the trust) (VP is (ADJP-PRD unlikely (S (NP-SBJ *-3) (VP to (VP do (NP (NP anything) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP hurt (NP (NP Manville 's) other shareholders))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ This) (VP is (NP-PRD (NP a rare case) (PP of (NP (NP a company) (PP with (NP a big majority holder)) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (ADVP probably) (VP act (PP-MNR in (NP (NP the interests) (PP of (NP the minority holders))))))))))))) , '' (NP-SBJ one investor) (VP says (S *T*-2)) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ there) (VP is (NP-PRD no restructuring)))) , (NP-SBJ-1 Manville) (VP seems (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD attractive) (ADVP-TMP long-term))))) .)) (TOP (S (NP-SBJ Its stock) , (PP at (NP 9 5)) , (VP trades (PP-CLR at (NP (NP (QP about 8 1 times) estimated 1989 earnings) -- (NP (NP an appropriately low multiple) (PP for (NP (NP a company) (PP with (NP recession-sensitive customers)))))))) .)) (TOP (S (NP-SBJ Mr. Bullock) (VP says (SBAR 0 (S (NP-SBJ-1 (NP 45 %) (PP of (NP revenues))) (VP are (VP tied (NP *-1) (PP-CLR to (NP construction))))))) .)) (TOP (S (NP-SBJ Analysts) (VP predict (NP little or no near-term growth)) .)) (TOP (S (NP-SBJ They) (VP are , (ADVP nonetheless) , (ADJP-PRD high (PP on (NP (NP Manville 's) management)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD (NP one) (PP of (NP the best)) (PP-LOC in (NP the business))))) , '' (VP says (S *T*-1)) (NP-SBJ Salomon Brothers analyst Stephen Dobi) .)) (TOP (S And (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ Manville) (VP has (NP (NP the financial flexibility) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP buy (NP other companies) (PP-TMP at (NP (NP the (ADJP best possible) moment) (SBAR (WHADVP-2 when) (S (NP-SBJ other construction-related firms) (VP are (VP (VP hurting) and (VP selling (ADVP cheap)) (ADVP-TMP *T*-2))))))) (ADVP-MNR *T*-1)))))))))) .)) (TOP (S (PP With (NP (NP (NP a conservative debt-to-equity ratio) (PP of (NP 1-to-1))) -- and (NP (NP (QP $ 329 million) *U*) (PP in (NP cash))) --)) (NP-SBJ Manville) (VP is (ADVP indeed) (PP-PRD (ADVP-MNR actively) on (NP the prowl))) .)) (TOP (S (ADVP-TMP So far) , (PP as (NP a price-conscious shopper)) , (NP-SBJ Manville) (VP has n't (VP bought (NP much))) .)) (TOP (S (NP-SBJ (NP Paul Kleinaitis) , (NP (NP an analyst) (PP-LOC at (NP Duff & Phelps))) ,) (VP says , `` (S (SBAR-ADV Even though (S (NP-SBJ they) (VP have (NP borrowing power)))) , (NP-SBJ-1 they) (VP have (VP been (VP disciplined (NP *-1) (PP-CLR about (NP acquisitions))))))) . '')) (TOP (S And (NP-SBJ Mr. Kleinaitis) (VP says (SBAR that (S (PP with (NP (NP 80 %) (PP of (NP its stock)) (PP-LOC in (NP friendly hands)))) , (NP-SBJ Manville) (VP is (NP-PRD (NP the rare (ADJP publicly traded) company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP can (VP (VP ignore (NP short-term stock fluctuations)) and (VP plan (PP-CLR for (NP the long haul)))))))))))) .)) (TOP (NP (NP Manville) (PRN -LRB- (NP (NP NYSE) ; (NP (NP Symbol) : (NP MVL))) -RRB-))) (TOP (NP (NP Business) : (NP (NP Forest products) and (NP roofing)))) (TOP (NP (NP-TMP (NP Year) (VP ended (NP *) (NP-TMP-CLR Dec. 31 , 1988))) : (NP (NP (NP Sales) : (NP (QP $ 2.06 billions) *U*)) (NP (NP Net loss) : (NP (QP $ 1.30 billion) *U*) (X *))))) (TOP (NP (NP-TMP (NP Third quarter) , (NP Sept. 30 , 1989)) : (NP (NP Per-share earnings) : (NP (NP 30 cents) (PP vs. (NP 44 cents)) (X **))))) (TOP (NP (NP Average daily trading volume) : (NP 74,351 shares))) (TOP (NP (NP (NP Common shares) (ADJP outstanding)) : (NP (QP 120 million)))) (TOP (FRAG (X *) (VP Includes (NP $ 1.29 billion *U* extraordinary charge)) .)) (TOP (S (X **) (NP-SBJ-1 (ADJP Year ago) figure) (VP is (VP restated (NP *-1))) .)) (TOP (S (NP-SBJ (NP Emerson Electric Co.) and (NP Robert Bosch G.m.b.H.)) (VP said (SBAR 0 (S (NP-SBJ the Federal Trade Commission) (VP has (VP requested (NP (NP additional information) (PP *ICH*-1)) (PP-CLR from (NP the two companies)) (PP-1 about (NP their announced intention (S (NP-SBJ *) (VP to (VP acquire (NP Vermont American Corp.) (PP-CLR for (NP (NP (NP $ 40 *U*) (NP-ADV a share)) , or (NP (QP about $ 440 million) *U*))))))))))))) .)) (TOP (S (NP-TMP Yesterday) , (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the American Stock Exchange)))) , (NP-SBJ Vermont American common) (VP closed (PP-CLR at (NP $ 39.75 *U*)) , (ADVP off (NP 25 cents))) .)) (TOP (S (S (NP-SBJ (NP The FTC 's) request) (VP was `` (ADJP-PRD not unusual) '')) and (S (NP-SBJ Emerson) (VP will (VP make (NP a `` (ADJP full and prompt) '' response)))) , (PP according (PP to (NP a spokesman))) .)) (TOP (S (NP-SBJ (NP Spokesmen) (PP for (NP (NP Emerson) and (NP (NP Vermont American) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP has (VP agreed (S (NP-SBJ-1 *-3) (VP to (VP be (VP acquired (NP *-1))))))))) ,)))) (VP said (SBAR 0 (S (NP-SBJ they) (VP do n't (VP anticipate (NP `` (NP any problems) '' (PP with (NP (NP the completion) (PP of (NP the transaction)))))))))) .)) (TOP (S (NP-SBJ-1 An FTC spokesman) (VP (VP said (SBAR 0 (S (NP-SBJ the matter) (VP is `` (PP-PRD in (NP a non-public posture)) (PP-TMP at (NP this time)) '')))) and (VP declined (S (NP-SBJ *-1) (VP to (VP comment (ADVP further)))))) .)) (TOP (S (NP-SBJ Emerson and Bosch) , (PP through (NP (NP their joint acquisition arm) , (NP Maple Acquisition) ,)) (VP have (VP begun (NP (NP a cash tender offer) (PP for (NP (NP all) (PP of (NP (NP (NP Vermont 's) common shares) (ADJP outstanding)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The offer) , (VP set (S (NP-SBJ *) (VP to (VP expire (NP-TMP-CLR Nov. 1))))) ,) (VP may (VP be (VP extended (NP *-1) (PP pending (NP (NP the timing and resolution) (PP of (NP the FTC request)))))))) , (NP-SBJ the companies) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP (ADJP St. Louis-based) Emerson) and (NP Stuttgart-based Bosch)) (VP make (NP (NP (ADJP electrical and electronic) products) , (PP including (NP power tools)))) .)) (TOP (S (NP-SBJ-1 The Vermont American acquisition) (VP is (VP designed (S (NP-SBJ *-1) (VP to (VP enhance (NP (NP their position) (PP-LOC in (NP (NP the accessories portion) (PP of (NP the power-tool industry)))))))))) .)) (TOP (S (NP-SBJ Santa Fe Pacific Corp.) (VP is (VP preparing (NP a plan (S (NP-SBJ *) (VP to (VP (VP sell (NP (NP a (ADJP 20 %) stake) (PP-LOC in (NP its large real estate unit))) (PP-DTV to (NP a California public employee pension fund)) (PP-CLR for (NP (QP $ 400 million) *U*))) , (SBAR (WHPP-1 after (WHNP which)) (S (NP-SBJ it) (VP would (VP spin (PRT off) (NP the realty operation) (PP-CLR to (NP shareholders)) (PP-TMP *T*-1))))))))))) .)) (TOP (S (NP-SBJ The plan) (VP places (NP (NP an indicated value) (PP *ICH*-1)) (PP-CLR on (NP (NP the real estate operation) , (NP Santa Fe Pacific Realty Corp.) ,)) (PP-1 of (NP (QP $ 2 billion) *U*))) .)) (TOP (S (NP-SBJ-1 Santa Fe Pacific directors) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP review (NP the plan) (PP-LOC at (NP a meeting)) (NP-TMP today)))) , (PP according (PP to (NP (NP people) (ADJP familiar (PP with (NP the transaction)))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 *-1) (VP approved (NP *-2)))) , (NP-SBJ-1 the sale) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP close (PP-TMP by (NP (NP year 's) end)) , (PP with (S-NOM (NP-SBJ the spinoff) (VP occurring (PP-TMP by (NP (NP the end) (PP of (NP 1992)))))))))))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) (NP-TMP yesterday) , (NP-SBJ Santa Fe Pacific) (VP closed (PP-CLR at (NP $ 20.625 *U*)) , (ADVP down (NP 25 cents))) .)) (TOP (S (NP-SBJ Santa Fe Pacific Realty) (VP is (NP-PRD (NP a major California land and building owner) (SBAR (WHNP-1 whose prime properties) (S (NP-SBJ *T*-1) (VP include (NP (NP (NP 1,850 undeveloped acres) (PP-LOC in (NP the San Francisco Bay area))) , and (NP several office sites))))))) .)) (TOP (S (NP-SBJ A spokesman) (VP said (SBAR 0 (S (NP-SBJ the properties) (VP survived (PP-MNR without (NP significant damage)) (PP-LOC in (NP (NP last week 's) Northern California earthquake)))))) .)) (TOP (S (PP As (NP (NP a result) (PP of (NP the (NX (NX partial sale) and (NX spinoff)))))) , (NP-SBJ the (ADJP (QP $ 56 billion) *U*) California Public Employees Retirement System) (VP would (VP obtain (NP (NP two seats) (PP-LOC on (NP (NP the board) (PP of (NP the real estate operation))))) , (PP according (PP to (NP (NP officials) (PP of (NP the fund)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP described (NP the plan))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP Chicago-based Santa Fe Pacific))) (VP confirmed (SBAR that (S (NP-SBJ-1 negotiations) (VP were (VP being (VP held (NP *-1) (PP-CLR with (NP the fund)))))))) .)) (TOP (SINV-2 (ADVP Also) (VP-TPC-1 holding (NP (NP two seats) (NP-ADV each) (PP-LOC on (NP the board)))) (PRN , (S (NP-SBJ they) (VP said (SBAR 0 (SINV *T*-2)))) ,) (VP would (VP be (VP *T*-1))) (NP-SBJ (NP (NP Olympia & York Developments Ltd.) , (VP controlled (NP *) (PP by (NP-LGS (NP the Reichmann family) (PP of (NP Canada))))) ,) and (NP (NP Itel Corp.) , (VP controlled (NP *) (PP by (NP-LGS Chicago businessman Sam Zell))))) .)) (TOP (S (NP-SBJ (NP (NP The Reichmanns) and (NP Mr. Zell)) , (NP (NP the largest holders) (PP of (NP Santa Fe Pacific stock))) ,) (VP have (VP been (VP looking (PP-CLR for (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP raise (NP (NP the value) (PP of (NP their investments))) (ADVP-MNR *T*-1))))) , (PP including (NP possible spinoffs))))))) .)) (TOP (S (S (S (NP-SBJ Itel) (VP bought (NP (NP a (ADJP 17 %) stake) (PP-LOC in (NP Sante Fe Pacific))) (NP-TMP last year))) and (S (NP-SBJ Olympia & York) (ADVP-TMP later) (VP purchased (NP about a (ADJP 20 %) stake)))) ; (S (NP-SBJ they) (VP would (VP have (NP (NP interests) (PP-LOC in (NP the new realty company)) (PP in (NP (NP line) (PP with (NP (NP their holdings) (PP-LOC in (NP Sante Fe Pacific)))))))))) .)) (TOP (S (NP-SBJ (NP The sale and spinoff) (PP of (NP the real estate unit))) (VP is (NP-PRD (NP the first phase) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP could (VP lead (PP-CLR to (NP (NP the breakup) (PP of (NP Santa Fe Pacific)) (PP into (NP (NP free-standing companies) (PP for (NP (NP its railroad and energy operations) , (CONJP as well as) (NP real estate)))))))))))))) .)) (TOP (S (NP-SBJ The debt-laden parent) (VP has (VP been (PP-LOC-PRD under (NP (NP pressure (S *ICH*-1)) (PP from (NP large shareholders)) (S-1 (NP-SBJ *) (VP to (VP boost (NP (NP the company 's) share price)))))))) .)) (TOP (S (PP-TMP At (NP the same time)) (NP-SBJ-1 it) (VP has (VP been (VP caught (NP *-1) (PP-LOC in (NP an earnings squeeze))))) .)) (TOP (S (NP-SBJ (NP (NP The California pension fund 's) planned investment) (PP-LOC in (NP the real estate unit))) (VP is (ADJP-PRD unusual)) .)) (TOP (S (NP-SBJ Pension funds) (ADVP-TMP rarely) (VP own (NP (NP as much) (PP as (NP (NP a (ADJP 20 %) stake) (PP in (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 *T*-1) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP be (NP-PRD a (ADJP publicly traded) company))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 pension funds) (VP (VP are rarely (VP given (NP (NP seats) (PP-LOC on (NP company boards))))) and (VP (ADVP-TMP most often) try (S (NP-SBJ *-1) (VP to (VP avoid (NP them) (PP-PRP because of (NP legal concerns))))))) .)) (TOP (S But (NP-SBJ fund officials) (VP said (SBAR 0 (S (NP-SBJ the Santa Fe Pacific Realty investment) (VP provides (NP an opportunity (S (NP-SBJ *) (VP to (VP buy (NP (NP a stake) (PP-LOC in (NP (NP a large real estate portfolio) (VP (ADVP-MNR heavily) weighted (NP *) (PP-CLR with (NP California properties)))))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ It) (ADVP also) (VP marks (NP (NP a `` major commitment) (PP to (NP (NP -LCB- real estate -RCB- development) , (SBAR (WHNP-3 which) (S (NP-SBJ-1 we) (VP have n't (VP been (VP involved (NP *-1) (PP-CLR with (NP *T*-3)) (ADVP-TMP before))))))))))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Dale Hanson) , (NP (NP the fund 's) executive director)) .)) (TOP (S (PP-LOC Under (NP the proposed plan)) , (NP-SBJ the fund) (VP would (ADVP also) (VP lend (NP Santa Fe Pacific Realty) (NP (QP $ 75 million) *U*) (PP-MNR in (NP (NP the form) (PP of (NP (NP a note) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP be (ADJP-PRD convertible (PP into (NP (NP additional shares) (PP of (NP the realty company))))) (PP-TMP after (NP the second year)) (PP at (NP the then-prevailing market price)))))))))))) .)) (TOP (S (NP-SBJ The note) (VP would (VP accrue (NP (NP interest) (SBAR *ICH*-1)) (PP at (NP (NP the rate) (PP of (NP (NP 13.5 %) (NP-ADV a year))))) , (SBAR-1 (WHNP-2 which) (S (NP-SBJ *T*-2) (VP would (VP be (ADJP-PRD payable (PP to (NP the fund))) (PP-TMP after (NP five years)))))) , (PP according (PP to (NP (NP Stephen E. Roulac) , (NP (NP a real estate consultant) (VP working (PP-CLR for (NP the fund))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The purpose) (PP of (NP the note))) (VP is (S-PRD (NP-SBJ *) (VP to (VP provide (NP added capital) (PP-CLR for (NP the spun-off company)) (PP-MNR in (NP (NP a form) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP save (NP-3 it) (S (NP-SBJ *-3) (VP spending (NP cash) (PP-CLR on (NP immediate interest payments))))))))))))))) , (NP-SBJ Mr. Roulac) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ The spun-off concern) `` (ADVP clearly) (VP will (VP be (NP-PRD (NP one) (PP of (NP the dominant real estate development companies)) (PP with (NP a prime portfolio)))))) , '' (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP For (NP the last year)) , (NP-SBJ Santa Fe Pacific) (VP has (VP redirected (NP its real estate operations) (PP-DIR toward (NP (NP longer-term development) (PP of (NP its properties)))) , (S-ADV (NP-SBJ *) (VP hurting (NP (NP profits) (SBAR (WHNP-1 that) (S (NP-SBJ the parent) (VP had (VP generated (NP *T*-1) (PP-TMP in (NP the past)) (PP-MNR from (NP (NP periodic sales) (PP from (NP its portfolio))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Real estate operating income) (PP for (NP the first nine months))) (VP fell (PP-DIR to (NP (QP $ 71.9 million) *U*)) (PP-DIR from (NP (QP $ 143 million) *U*) (ADVP-TMP (NP a year) earlier)))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC In (NP a statement)) (NP-TMP late yesterday) , (NP-SBJ (NP (NP Santa Fe Pacific 's) chairman) , (NP Robert D. Krebs) ,) (VP said (SBAR that (S (NP-SBJ Santa Fe Pacific Realty) (VP would (VP repay (NP (NP (QP more than $ 500 million) *U*) (PP in (NP (NP debt) (VP owed (NP *) (PP-DTV to (NP the parent)))))) (PP-TMP before (NP the planned spinoff))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP help (VP reduce (NP (NP Santa Fe Pacific 's) remaining debt) (PP-DIR to (NP (QP about $ 600 million) *U*)) (PP-DIR from (NP (NP a high) (PP of (NP (QP $ 3.7 billion) *U*)) (PP-TMP in (NP early 1988))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP was n't (ADJP-PRD clear) (SBAR-2 (WHADVP-4 where) (S (NP-SBJ-3 Santa Fe Pacific) (VP expected (S (NP-SBJ *-3) (VP to (VP obtain (NP (NP the payment) (PP of (NP (NP (QP more than $ 500 million) *U*) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP be (PP-LOC-PRD well above (NP (NP the (QP $ 400 million) *U*) (SBAR (WHNP-5 that) (S (NP-SBJ California pension fund officials) (VP say (SBAR 0 (S (NP-SBJ-6 they) (VP plan (S (NP-SBJ *-6) (VP to (VP provide (NP *T*-5))))))))))))))))))) (ADVP-LOC *T*-4)))))))) .)) (TOP (S (NP-SBJ The realty unit) (VP might (VP (VP take (PRT on) (NP new debt)) or (VP obtain (NP additional investors)) , (PP among (NP other possibilities)))) .)) (TOP (S (NP-SBJ-1 The Santa Fe Pacific spokesman) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP that aspect))))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ the deal) (VP was (ADVP still) (PP-LOC-PRD under (NP negotiation)))))))) .)) (TOP (S (NP-SBJ Santa Fe Pacific Realty) (VP owns (NP (NP (NP 2.8 million) acres) (PP of (NP property)) , (PP including (NP (NP 219 buildings) (PP with (NP (NP (QP more than 11 million) square feet) (PP of (NP space)))))))) .)) (TOP (S (S (NP-SBJ It) (ADVP also) (VP holds (NP (NP (QP nearly 40,000) acres) (PP of (NP (NP raw land) (PP with (NP development potential))))))) , but (S (PP-LOC under (NP a (ADJP previously announced) strategy)) , (NP-SBJ the company) (VP has (VP targeted (S (NP-SBJ *) (VP building (PP-LOC on (NP (NP 5,400 acres) (PP-LOC in (NP (NP California) , (NP Arizona) and (NP the Chicago area)))))))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Among (NP those)) (VP are (PP-LOC-PRD *T*-1)) (NP-SBJ (NP the 1,850 acres) (PP-LOC in (NP the San Francisco Bay area)) , (PP including (NP (NP 208 acres) (PP-LOC in (NP the Mission Bay area))))) .)) (TOP (S (NP-SBJ (NP The California pension fund) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP (QP $ 16 billion) *U*) (VP (ADVP already) invested (PP-CLR in (NP (NP real estate) and (NP mortgages)))))))) ,) (VP could (VP be (NP-PRD (NP a valuable funding source) (PP for (NP that development))) , (SBAR-ADV although (S (NP-SBJ-2 it) (VP is n't (ADJP-PRD obliged (S (NP-SBJ *-2) (VP to (VP make (NP further investments)))))))))) .)) (TOP (S (S (NP-SBJ The fund) (VP is (NP-PRD (NP the nation 's) largest public employee fund))) , and (S (NP-SBJ it) (VP has (NP (NP a growing cash flow) (VP (ADVP-TMP now) topping (NP (NP (QP $ 3 billion) *U*) (NP-ADV a year)))))) .)) (TOP (S (S (NP-SBJ Fund officials) (VP negotiated (NP (NP the final structure) (PP of (NP the proposed deal))) (PP-CLR with (NP Santa Fe Pacific)))) , but (S (NP-SBJ-1 they) (VP were (VP approached (NP *-1) (PP-CLR with (NP the idea)) (PP by (NP-LGS (NP real estate brokers JMB Realty Corp.) (PP of (NP Chicago))))))) .)) (TOP (S-3 (NP-SBJ-1 JMB officials) (VP are (VP expected (S (NP-SBJ-2 *-1) (VP to (VP be (VP hired (S (NP-SBJ *-2) (VP to (VP represent (NP the pension fund) (PP-LOC on (NP the Santa Fe Pacific Realty board))))) (PRN , (S (NP-SBJ Mr. Roulac) (VP said (SBAR 0 (S *T*-3)))) ,) (S-PRP (NP-SBJ *) (VP to (VP insulate (NP the fund) (PP-CLR from (NP potential liability problems))))))))))) .)) (TOP (S (NP-SBJ-1 (NP GAF) , (NP Part III)) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP begin (NP-TMP today)))))) .)) (TOP (S (PP-TMP After (NP two mistrials)) , (NP-SBJ (NP the stakes) (PP-LOC in (NP (NP the stock manipulation trial) (PP of (NP (NP GAF Corp.) and (NP (NP its vice chairman) , (NP James T. Sherwin) ,)))))) (VP have (VP changed (ADVP considerably))) .)) (TOP (S (NP-SBJ-1 The first two GAF trials) (VP were (VP watched (NP *-1) (ADVP-MNR closely) (PP-LOC on (NP Wall Street)) (SBAR-PRP because (S (NP-SBJ-2 they) (VP were (VP considered (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP important tests) (PP of (NP (NP the government 's) ability (S (NP-SBJ *) (VP to (VP convince (NP (NP a jury) (PP of (NP (NP allegations) (VP stemming (PP-CLR from (NP its insider-trading investigations))))))))))))))))))))) .)) (TOP (S (PP-LOC In (NP an eight-count indictment)) , (NP-SBJ the government) (VP charged (NP-1 (NP (NP GAF) , (NP a (NAC-LOC Wayne , N.J. ,) chemical maker) ,) and (NP Mr. Sherwin)) (PP-CLR with (S-NOM (NP-SBJ-2 *-1) (ADVP illegally) (VP attempting (S (NP-SBJ *-2) (VP to (VP manipulate (NP (NP the common stock) (PP of (NP Union Carbide Corp.))) (PP-TMP in (NP (NP advance) (PP of (NP (NP (NP GAF 's) planned sale) (PP of (NP (NP a large block) (PP of (NP the stock)))) (PP-TMP *PPA*-3)))))))) (PP-TMP-3 in (NP 1986)))))) .)) (TOP (S (NP-SBJ (NP (NP The government 's) credibility) (PP-LOC in (NP the GAF case))) (VP depended (ADVP-MNR heavily) (PP-CLR on (NP (NP its star witness) , (NP (NP Boyd L. Jefferies) , (NP (NP the former Los Angeles brokerage chief) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP (VP was (VP implicated (NP *-2) (PP by (NP-LGS former arbitrager Ivan Boesky)))) , and (VP (ADVP-TMP then) pointed (NP-CLR the finger) (PP-CLR at (NP (NP Mr. Sherwin) , (NP takeover speculator Salim B. Lewis) and (NP corporate raider Paul Bilzerian)))))))))))) .)) (TOP (S (NP-SBJ-1 The GAF trials) (VP were (VP viewed (NP *-1) (PP-CLR as (NP (NP previews) (PP of (NP (NP (NP the government 's) strength) (PP-LOC in (NP (NP its cases) (PP against (NP (NP Mr. Lewis) and (NP Mr. Bilzerian))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Mr. Jefferies 's) performance) (PP as (NP a witness))) (VP was (VP expected (S (NP-SBJ *-1) (VP to (VP affect (NP his sentencing)))))) .)) (TOP (S But (NP-SBJ (NP GAF 's) bellwether role) (VP was (ADJP-PRD short-lived)) .)) (TOP (S (NP-SBJ The first GAF trial) (VP ended (PP-MNR in (NP a mistrial)) (PP-TMP after (NP four weeks)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ U.S. District Judge Mary Johnson Lowe) (VP found (SBAR that (S (NP-SBJ a prosecutor) (ADVP-MNR improperly , but unintentionally ,) (VP withheld (NP a document)))) (ADVP-TMP *T*-1))))) .)) (TOP (S (S (PP-TMP After (NP (NP 93 hours) (PP of (NP deliberation)))) , (NP-SBJ (NP the jurors) (PP-LOC in (NP the second trial))) (VP said (SBAR 0 (S (NP-SBJ they) (VP were (ADJP-PRD hopelessly deadlocked)))))) , and (S (NP-SBJ-1 another mistrial) (VP was (VP declared (NP *-1) (PP-TMP on (NP March 22))))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ a federal jury) (VP found (S (NP-SBJ Mr. Bilzerian) (ADJP-PRD guilty (PP on (NP (NP securities fraud) and (NP other charges))))) (PP-TMP in (NP June))) .)) (TOP (S (ADVP-TMP (NP A month) later) , (NP-SBJ-1 Mr. Jefferies) (VP was (VP spared (NP *-1) (NP a jail term) (PP by (NP-LGS (NP a federal judge) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP praised (NP-3 him) (PP-CLR for (S-NOM (NP-SBJ *-3) (VP helping (NP the government))))))))))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ Mr. Lewis) (VP pleaded (ADJP guilty (PP to (NP three felony counts)))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ the stakes) (VP are (ADVP still) (ADJP-PRD high) (PP for (NP (NP the players) (VP (ADVP-MNR directly) involved (NP *) (PP-CLR in (NP the GAF case)))))) .)) (TOP (S (NP-SBJ The mistrials) (VP have (VP left (S (NP-SBJ (NP the reputations) (PP of (NP (NP GAF) , (NP Mr. Sherwin) and (NP GAF Chairman Samuel Heyman)))) (PP-PRD in (NP limbo))))) .)) (TOP (S (PP For (NP Mr. Sherwin)) , (NP-SBJ a conviction) (VP could (VP carry (NP (NP penalties) (PP of (NP (NP (NP five years) (PP-LOC in (NP prison))) and (NP (NP a (ADJP $ 250,000 *U*) fine) (PP on (NP each count)))))))) .)) (TOP (S (NP-SBJ GAF) (VP faces (NP (NP potential fines) (PP of (NP (NP $ 500,000 *U*) (PP for (NP each count)))))) .)) (TOP (S (NP-SBJ (NP Individuals) (ADJP familiar (PP with (NP the case)))) (VP said (SBAR that (S (S (PP-TMP throughout (NP September)) , (NP-SBJ defense attorneys) (VP were (VP talking (PP-CLR with (NP the government)) (PP in (NP an effort (S (NP-SBJ *) (VP to (VP prevent (NP a trial))))))))) , but (S (PP-TMP by (NP (NP the end) (PP of (NP the month)))) (NP-SBJ the talks) (VP had (VP ended)))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP much speculation (SBAR *ICH*-1)) (PP among (NP (NP attorneys) (VP not involved (NP *)))) (SBAR-1 that (S (NP-SBJ (NP the strategy) (PP of (NP (NP (NP (NP GAF 's) attorney) , (NP Arthur Liman) ,) and (NP (NP (NP Mr. Sherwin 's) counsel) , (NP Stephen Kaufman) ,)))) (VP will (VP include (NP (NP testimony) (PP by (NP (NP Mr. Sherwin) or (NP Mr. Heyman)))))))))) .)) (TOP (S (NP-SBJ Neither) (VP testified (PP-LOC at (NP the previous trials))) .)) (TOP (S (PP-TMP For (NP now)) , (NP-SBJ defense attorneys) (VP are (ADJP-PRD tight-lipped (PP about (NP their plans)))) .)) (TOP (S (NP-SBJ (NP Max Gitter) , (NP another GAF defense attorney) ,) (VP said (NP-TMP yesterday) , `` (S (SBAR-TMP As (S (NP-SBJ we) (VP go (ADVP-DIR in) (PP-TMP for (NP the third time))))) , (NP-SBJ (NP (NP Yogi Berra 's) famous line) (S *ICH*-1)) (VP is (ADJP-PRD apt) : (S-1 ` (NP-SBJ It) (VP 's (NP-PRD deja vu) (ADVP-TMP all over again)))))) . ' '')) (TOP (S-HLN (NP-SBJ-1 DALKON SHIELD CLAIMANTS) (VP hope (S (NP-SBJ *-1) (VP to (VP stop (NP reorganization-plan appeal))))) .)) (TOP (S (NP-SBJ (NP Attorneys) (PP for (NP (NP (QP more than 18,000) women) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP claim (NP (NP injuries) (PP from (NP the Dalkon Shield contraceptive device))))))))) (VP have (VP asked (NP-3 the U.S. Supreme Court) (S (NP-SBJ-4 *-3) (VP to (VP refuse (S (NP-SBJ *-4) (VP to (VP hear (NP (NP an appeal) (PP of (NP (NP the bankruptcy-law reorganization plan) (PP for (NP (NP A.H. Robins Co.) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP manufactured (NP the device))))))))))))))))) .)) (TOP (S (NP-SBJ The dispute) (VP pits (NP (NP two groups) (PP of (NP claimants))) (PP-CLR against (NP each other))) .)) (TOP (S (NP-SBJ (NP Baltimore attorney Michael A. Pretl) and (NP (NP 17 other attorneys) (VP representing (NP (NP 18,136 claimants) (UCP-LOC (PP in (NP the U.S.)) and (ADVP abroad)))))) (VP argue (SBAR that (S (NP-SBJ the appeal) (VP would (VP (VP delay (NP *RNR*-2)) -- and (VP (ADVP perhaps) (ADVP even) destroy (NP *RNR*-2)) -- (NP-2 (NP a (ADJP (QP $ 2.38 billion) *U*) settlement fund) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP the centerpiece) (PP of (NP the reorganization plan)))))))))))) .)) (TOP (S (NP-SBJ-1 The bankruptcy-court reorganization) (VP is (VP being (VP challenged (NP *-1) (PP-LOC before (NP the Supreme Court)) (PP by (NP-LGS (NP a dissident group) (PP of (NP claimants)))) (SBAR-TMP because (S (NP-SBJ it) (VP places (NP a cap) (PP-CLR on (NP (NP the total amount) (PP of (NP money)) (ADJP available (S (NP-SBJ *) (VP to (VP settle (NP claims))))))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP bars (NP (NP future suits) (PP against (NP (NP Robins company officials) , (NP (NP members) (PP of (NP the Robins family))) and (NP (NP (NP Robins 's) former insurer) , (NP Aetna Life & Casualty Co)))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ The latter provision) (VP is `` (ADJP-PRD legally unprecedented))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Alan B. Morrison) , (NP (NP a public interest lawyer) (PP-LOC in (NP (NP Washington) , (NP D.C.) ,)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP challenging (NP the plan) (PP on (NP (NP behalf) (PP of (NP 900 claimants)))))))))) .)) (TOP (S (NP-SBJ (NP (QP More than 100,000) claims) (PP against (NP Robins))) (VP are (ADJP-PRD pending)) .)) (TOP (S (NP-SBJ The company) (VP made and marketed (NP the Dalkon Shield) (PP-TMP in (NP the early 1970s)) (PP amid (NP mounting evidence (SBAR that (S (NP-SBJ it) (VP could (VP cause (NP serious injuries)))))))) .)) (TOP (S (S (NP-SBJ Robins) (VP has (VP been (PP-LOC-PRD in (NP (NP proceedings) (PP-LOC under (NP (NP Chapter 11) (PP of (NP the U.S. Bankruptcy Code)))))) (PP-TMP since (NP August 1985))))) ; (S (NP-SBJ such proceedings) (VP give (NP it) (NP (NP protection) (PP from (NP creditor lawsuits))) (SBAR-TMP while (S (NP-SBJ it) (VP works (PRT out) (NP (NP a plan) (PP for (S-NOM (NP-SBJ *) (VP paying (NP its debts)))))))))) .)) (TOP (S (NP-SBJ-2 American Home Products Corp.) (VP wants (S (NP-SBJ *-2) (VP to (VP acquire (NP Robins)))) , (PRN but (SBAR-ADV only if (S (NP-SBJ-1 (NP all legal challenges) (PP to (NP the plan))) (VP are (VP exhausted (NP *-1))))))) .)) (TOP (S (PP-LOC In (NP (NP a brief) (VP filed (NP *) (PP-CLR with (NP the Supreme Court)) (NP-TMP last week)))) , (NP-SBJ Mr. Pretl) (VP criticizes (NP-1 the appeal) (PP-CLR for (S-NOM (NP-SBJ-2 *-1) (VP raising (NP (ADJP `` abstract '' and `` theoretical '') legal issues) , (SBAR-TMP while (S (NP-SBJ *-2) (VP jeopardizing (NP (NP the proposed reorganization) and (NP (NP the settlement payments) (PP to (NP claimants))))))))))) .)) (TOP (S (NP-SBJ-1 The Supreme Court) (VP (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP consider (NP the case) (NP-TMP Nov. 3)))))) and (VP may (VP issue (NP a decision) (ADVP-TMP as early (PP as (NP Nov. 6)))))) .)) (TOP (S-HLN (NP-SBJ (NP (NP JURY 'S) CRIMINAL CONVICTION) (PP-LOC under (NP Superfund law))) (VP is (NP-PRD a first)) .)) (TOP (S (NP-SBJ-1 (NP Charles A. Donohoo) , (NP (NP sole proprieter) (PP of (NP a (NAC-LOC Louisville , Ky. ,) demolition company))) ,) (VP was (VP found (S (NP-SBJ-2 *-1) (ADJP-PRD guilty (PP of (S-NOM (NP-SBJ *-2) (VP violating (NP (NP the Superfund law) (CONJP as well as) (NP the Clean Air Act))))))))) .)) (TOP (S (S (NP-SBJ (NP Criminal convictions) (PP-LOC under (NP the federal Superfund law))) (VP are (ADJP-PRD rare))) , and (S (NP-SBJ the decision) (VP is (NP-PRD (NP the first jury verdict) (PP-LOC in (NP such a case))))) .)) (TOP (S (PP-LOC Under (NP Superfund)) , (NP-SBJ (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP owned , generated or transported (NP hazardous waste))))) (VP are (ADJP-PRD liable (PP for (NP its cleanup))) , (ADVP regardless (PP of (SBAR whether (S (NP-SBJ their actions) (VP were (ADJP-PRD legal) (PP-TMP at (NP the time)))))))) .)) (TOP (S (NP-SBJ Environmental lawyers) (VP say (SBAR 0 (S (NP-SBJ (NP virtually all) (PP of (NP the Superfund cases)) (PP to (NP date))) (VP have (VP involved (NP (NP civil penalties) (VP designed (S (NP-SBJ *) (VP to (VP insure (NP (NP cleanup) (PP of (NP past polluting activities))))))))))))) .)) (TOP (S But (NP-SBJ Superfund) (ADVP also) (VP contains (NP (NP a criminal provision) (VP concerning (NP (NP the release) (PP of (NP toxic substances)) (PP into (NP the environment)))))) .)) (TOP (S (PP-TMP In (NP 1986)) (NP-SBJ-1 Congress) (VP strengthened (NP the penalty) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP making (S (NP-SBJ it) (NP-PRD a felony)))))) .)) (TOP (S (NP-SBJ-1 Mr. Donohoo) (VP was (VP convicted (NP-3 *-1) (PP-LOC in (NP Louisville)) (NP-TMP late last month) (PP-CLR of (S-NOM (NP-SBJ-4 *-3) (VP violating (NP Superfund) (PP-MNR by (S-NOM (NP-SBJ-5 *-4) (VP failing (S (NP-SBJ *-5) (VP to (VP report (NP (NP the release) (PP of (NP asbestos)) (PP into (NP the environment)) (PP from (NP (NP a building) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP was (VP demolishing (NP *T*-2))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP was (ADVP also) (VP convicted (NP-2 *-1) (PP-CLR of (NP (S-NOM (NP-SBJ-3 *-2) (VP failing (S (NP-SBJ *-3) (VP to (ADVP-MNR properly) (VP remove (NP asbestos) (PP-CLR from (NP the building))))))) , (NP (NP a violation) (PP of (NP the Clean Air Act))))))) .)) (TOP (S (NP-SBJ The government) (VP sought (NP a criminal penalty) (SBAR-PRP because `` (S (NP-SBJ no cleanup) (VP is (ADJP-PRD possible) (ADVP-LOC here))))) .)) (TOP (SINV (S-TPC-3 (SBAR-TMP Once (S -LCB- (NP-SBJ-1 asbestos) -RCB- (VP is (VP released (NP *-1) (PP-DIR into (NP the environment)))))) , (NP-SBJ it) (VP can (VP lodge (ADVP-LOC-CLR anywhere)))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Richard A. Dennis) , (NP (NP the assistant U.S. attorney) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP prosecuted (NP the case)))))) .)) (TOP (S (NP-SBJ-2 Mr. Donohoo) (VP is (VP scheduled (S (NP-SBJ-1 *-2) (VP to (VP be (VP sentenced (NP *-1) (NP-TMP Dec. 11))))))) .)) (TOP (S (NP-SBJ-1 His lawyer) (VP could not (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-SBJ Mr. Donohoo) (VP (VP faces (NP-1 (NP (NP (QP as much as three) years) (PP-LOC in (NP prison))) and (NP a (ADJP $ 250,000 *U*) fine)) (PP-2 for (NP the Superfund conviction))) and (VP (NP=1 (NP (NP (QP as much as one) year) (PP-LOC in (NP prison))) and (NP a (ADJP $ 100,000 *U*) fine)) (PP=2 for (NP (NP the violation) (PP of (NP the Clean Air Act)))))) .)) (TOP (S-HLN (NP-SBJ TED BUNDY'S LAWYERS) (VP switch (PP-CLR to (NP (NP victims ') side)) (PP-LOC in (NP death-sentence case))) .)) (TOP (S (NP-SBJ (NP Wilmer , Cutler & Pickering) , (NP (NP the (NAC-LOC Washington , D.C. ,) law firm) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP spent (NP (QP over $ 1 million) *U*) (S-CLR (NP-SBJ *-3) (VP fighting (NP (NP the execution) (PP of (NP (NP mass-murderer Ted Bundy) -- (SBAR (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (ADVP-TMP eventually) (VP was (VP executed (NP *-4))))) --)))))))))) (VP has (VP taken (PRT on) (NP (NP another death penalty case) (PP-LOC before (NP the Supreme Court))) , (PRN (NP-TMP this time) (PP-LOC on (NP (NP the side) (PP of (NP (NP the family) (PP of (NP four murder victims)) (PP-LOC in (NP Arkansas))))))))) .)) (TOP (S (NP-SBJ The law firm) (VP has (VP filed (NP a friend-of-the-court brief) (ADVP-MNR jointly) (PP with (NP (NP the Washington Legal Foundation) , (NP a conservative legal group))))) .)) (TOP (S (NP-SBJ (NP The key issue) (PP-LOC in (NP (NP the case) , (SBAR (WHNP-1 which) (S (NP-SBJ the law firm) (VP is (VP handling (NP *T*-1) (UCP-MNR (PP without (NP a fee)) , or (ADVP pro bono)))))) ,))) (VP is (SBAR-PRD whether (S (NP-SBJ (NP a person) (VP sentenced (NP *) (PP-CLR to (NP death)))) (VP can (ADVP-MNR voluntarily) (VP waive (NP (NP his rights) (PP of (NP appellate review)))))))) .)) (TOP (S (NP-SBJ-1 (NP The murderer) , (NP Ronald Gene Simmons) ,) (VP was (VP convicted (NP-2 *-1) (PP-CLR of (S-NOM (NP-SBJ *-2) (VP killing (NP 14 people)))))) .)) (TOP (S (NP-SBJ (NP Another murderer) (PP-LOC on (NP death row))) (VP has (VP appealed (NP (NP Mr. Simmons 's) death sentence) (PP-MNR in (NP a `` next friend '' capacity)))) .)) (TOP (S (NP-SBJ (NP Wilmer Cutler 's) brief) (VP argues (SBAR (SBAR that (S (NP-SBJ there) (VP is (NP-PRD (NP no mandatory appellate review) (PP of (NP capital sentences)))))) and (SBAR that (S (NP-SBJ (NP the inmate) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP filed (NP the appeal))))) (VP lacks (NP proper standing)))))) .)) (TOP (S (NP-SBJ (NP P.J. Mode) , (NP (NP Wilmer Cutler 's) managing partner) ,) (VP says (SBAR (SBAR 0 (S (NP-SBJ-1 (NP the trial team) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP represented (NP Mr. Bundy))))) (VP was (VP asked (NP *-1) (PP by (NP-LGS (NP the firm 's) pro bono committee)) (SBAR whether (S (NP-SBJ the new case) (VP posed (NP a conflict)))))))) and (SBAR that (S (NP-SBJ-2 no objections) (VP were (VP raised (NP *-2))))))) .)) (TOP (S (NP-SBJ (NP The coupling) (PP of (NP (NP the law firm) and (NP the Washington Legal Foundation)))) (VP is (ADJP-PRD odd) (ADVP also) , (SBAR-PRP because (S (NP-SBJ Wilmer Cutler) (VP was (NP-PRD (NP one) (PP of (NP (NP the firms) (VP singled (PRT out) (NP-1 *) (PP-CLR for (NP criticism)) (ADVP-TMP (NP two years) ago) (PP by (NP-LGS the conservative legal group)) (PP-CLR for (S-NOM (NP-SBJ *-1) (VP displaying (NP a liberal bias) (PP-LOC in (NP its (ADJP pro bono) work))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP give (NP-2 them) (NP (NP a lot) (PP of (NP credit))) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP taking (NP this case)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP WLF 's) Alan Slobodin) .)) (TOP (NP-HLN (NP THE CASE) (PP OF (NP THE FAKE DALIS)) :)) (TOP (S (PP-LOC In (NP federal court)) (PP-LOC in (NP Manhattan)) , (NP-SBJ three defendants) (VP pleaded (ADJP guilty (PP to (NP (NP charges) (PP of (NP (NP fraud) (PP in (NP (NP connection) (PP with (NP (NP the sale) (PP of (NP fake Salvador Dali lithographs)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP (NP James Burke) and (NP Larry Evans)) , (RRC (ADVP-TMP formerly) (NP (NP owners) (PP of (NP the now-defunct Barclay Gallery))))) , and (NP (NP Prudence Clark) , (NP a Barclay sales representative) ,)) (VP were (VP charged (NP-2 *-1) (PP-CLR with (S-NOM (NP-SBJ *-2) (VP conducting (NP (NP high-pressure telephone sales) (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ they) (VP misrepresented (NP (NP cheap copies) (PP of (NP Dali artwork))) (PP-CLR as (NP signed , limited-edition lithographs)) (PP-LOC *T*-3)))))))))) .)) (TOP (S (NP-SBJ-1 The posters) (VP were (VP sold (NP *-1) (PP-CLR for (NP (QP $ 1,300 to $ 6,000) *U*)) , (SBAR-ADV although (S (NP-SBJ the government) (VP says (SBAR 0 (S (NP-SBJ they) (VP had (NP (NP a value) (PP of (NP (NP (QP only $ 53 to $ 200) *U*) (ADVP apiece)))))))))))) .)) (TOP (S (NP-SBJ (NP Henry Pitman) , (NP (NP the assistant U.S. attorney) (VP handling (NP the case))) ,) (VP said (SBAR (SBAR 0 (S (NP-SBJ-1 (QP about 1,000) customers) (VP were (VP defrauded (NP *-1))))) and (SBAR that (S (NP-SBJ (NP (NP Barclay 's) total proceeds) (PP from (NP the sales))) (VP were (NP-PRD (QP $ 3.4 million) *U*)))))) .)) (TOP (S (NP-SBJ (NP Attorneys) (PP for (NP (NP Messrs. Burke and Evans) and (NP Ms. Clarke)))) (VP said (SBAR that (S (SBAR-ADV although (S (NP-SBJ-3 their clients) (VP admitted (PP-CLR to (S-NOM (NP-SBJ *-3) (VP making (NP some misrepresentations) (PP-LOC in (NP the sales)))))))) , (NP-SBJ they) (VP had (VP believed (SBAR that (S (NP-SBJ-1 the works) (VP were (VP authorized (NP *-1) (PP by (NP-LGS (NP Mr. Dali) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP died (PP-TMP in (NP January)))))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The posters) (VP were (VP printed (NP *-1) (PP-LOC on (NP (NP paper) (VP pre-signed (NP *) (PP by (NP-LGS Mr. Dali)))))))) , (NP-SBJ the attorneys) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Westamerica Bancorp.) (VP said (SBAR 0 (S (NP-SBJ Richard W. Decker) (VP resigned (PP-CLR as (NP (NP president) and (NP chief executive officer))) (PP-TMP after (NP (NP only a year) (PP-LOC on (NP the job)))) (PP-TMP because of (NP `` (NP differences) '' (PP with (NP the board)))))))) .)) (TOP (S (NP-SBJ-1 The banking company) (VP could n't (VP be (VP reached (NP *-1) (S-PRP (NP-SBJ *-1) (VP to (VP comment (PP beyond (NP a written announcement)))))))) .)) (TOP (S (NP-SBJ-1 It) (VP did n't (VP specify (NP (NP the nature) (PP of (NP the differences))) , (S-ADV (NP-SBJ *-1) (VP saying (ADVP only) (SBAR that (S (NP-SBJ they) (VP related (PP-CLR to (NP `` (NP management style) '' and `` (NP strategic objectives)))))))))) . '')) (TOP (S (NP-SBJ Westamerica) (VP said (SBAR 0 (S (NP-SBJ-1 (NP Mr. Decker 's) posts) (VP were (VP assumed (NP *-1) (PP by (NP-LGS (NP David Payne) , (NP (NP Westamerica 's) chairman) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (PP-TMP at (NP (NP 34 years) (PP of (NP age)))) (VP becomes (NP-PRD (NP one) (PP of (NP (NP the youngest chief executives) (PP of (NP a sizable bank)) (PP-LOC in (NP the country))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Decker) (VP is (ADJP-PRD (NP (QP about 45) years) old)) .)) (TOP (S (NP-SBJ-1 Neither (NP Mr. Payne) nor (NP Mr. Decker)) (VP could (VP be (VP reached (NP *-1) (S-PRP (NP-SBJ *-1) (VP to (VP comment)))))) .)) (TOP (S (NP-SBJ Westamerica) (VP (VP has (NP (NP (QP about $ 1.3 billion) *U*) (PP of (NP assets)))) and (VP is (NP-PRD (NP the largest independent bank) (PP-LOC in (NP northern California))))) .)) (TOP (S (NP-SBJ It) (VP controls (NP (NP (QP about 35) %) (PP of (NP (NP the affluent Marin County market) (PP-LOC across (NP the Golden Gate bridge) (PP from (NP San Francisco))))))) .)) (TOP (S (NP-SBJ (NP Mr. Decker 's) resignation) (VP surprised (NP many industry officials)) .)) (TOP (S (NP-SBJ-1 He) (VP was (VP brought (NP *-1) (PP-DIR to (NP the company)) (PP-TMP in (NP September 1988)) (PP-TMP after (NP (NP 15 years) (PP-LOC at (NP (ADJP Los Angeles-based) First Interstate Bancorp)))))) .)) (TOP (S (NP-SBJ The bank) (VP had (VP been (VP suffering (PP-TMP in (NP late 1987)) (PP-CLR from (NP (NP a slew) (PP of (NP (NP bad real estate loans) (VP made (NP *) (PP-LOC in (NP Arizona)))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 he) (VP was (VP hired (NP *-1) (ADVP-TMP *T*-2))))) , (NP-SBJ Mr. Payne) (VP lauded (NP (NP (NP Mr. Decker 's) `` extraordinary ... skills '') and (NP (NP his `` outstanding reputation) (PP as (NP (NP one) (PP of (NP (NP the West 's) brightest bankers)))) . ''))))) (TOP (S (SBAR-ADV Though (S (NP-SBJ the bank) (VP is n't (VP performing (ADVP-MNR as well (PP as (NP (NP some) (PP of (NP (NP its competitors) (PP-LOC in (NP the lucrative California market))))))))))) , (NP-SBJ its condition) (VP has (VP improved (SBAR-TMP since (S (NP-SBJ Mr. Decker) (VP took (PRT over)))))) .)) (TOP (S (PP-TMP For (NP (NP the six months) (VP ended (NP-TMP-CLR June 30)))) , (NP-SBJ it) (VP earned (NP (NP (QP $ 3.1 million) *U*) , or (NP (NP 61 cents) (NP-ADV a share)) , (PP compared (PP with (NP (NP net income) (PP of (NP (NP (QP $ 2.4 million) *U*) , or (NP (NP 41 cents) (NP-ADV a share)))) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Its stock) (ADVP also) (VP has (VP risen (ADVP-TMP lately) , (SBAR-PRP (ADVP (ADVP at least) partly) because (S (NP-SBJ-1 it) (VP is (VP considered (S (NP-SBJ *-1) (NP-PRD a possible takeover candidate)))))))) .)) (TOP (S (S (NP-SBJ-1 Interstate banking) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP begin (PP-LOC in (NP California)) (PP-TMP in (NP 1991)))))))) , and (S (NP-SBJ-2 (NP larger California banks) , (PP such as (NP Wells Fargo & Co.)) ,) (VP have (VP been (VP paying (NP fat premiums) (S-PRP (NP-SBJ-3 *-2) (VP to (VP buy (NP smaller banks) (S-PRP (NP-SBJ *-3) (VP to (VP control (NP markets) (SBAR-TMP before (S (NP-SBJ any out-of-state banks) (VP enter (NP the fray)))))))))))))) .)) (TOP (S (PP-LOC In (NP American Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Westamerica) (VP closed (PP-LOC at (NP (NP $ 22.25 *U*) (NP-ADV a share))) , (ADVP down (NP 75 cents))) .)) (TOP (S (NP-SBJ (NP Varian Associates Inc.) , (NP-LOC (NP Palo Alto) , (NP Calif.) ,)) (VP reported (SBAR 0 (S (NP-SBJ (ADJP fiscal fourth-quarter) profit) (VP plunged (NP-EXT (QP more than 95) %) (PP-DIR to (NP (NP (QP $ 1 million) *U*) , or (NP (NP five cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 24.2 million) *U*) , or (NP (NP $ 1.10 *U*) (NP-ADV a share))) , (PP-TMP in (NP the year-earlier quarter))))))) .)) (TOP (S (NP-SBJ The diversified electronics company) (VP blamed (NP (NP the decline) (PP-TMP in (NP (NP the quarter) (VP ended (NP *) (NP-TMP-CLR Sept. 29))))) , (PP-CLR on (NP (NP previously reported operating problems) (PP-LOC in (NP its Electron Devices & Systems Group))))) .)) (TOP (S (PP For (NP the full fiscal year)) , (NP-SBJ Varian) (VP posted (NP (NP a (ADJP 13 %) profit rise) (PP to (NP (NP (QP $ 31.5 million) *U*) , or (NP (NP $ 1.53 *U*) (NP-ADV a share)) ,)) (ADVP up (PP from (NP (NP (QP $ 27.8 million) *U*) , or (NP (NP $ 1.27 *U*) (NP-ADV a share))) , (NP-TMP last year))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP the year))) (VP rose (NP-EXT (QP almost 15) %) (PP-DIR to (NP (QP $ 1.34 billion) *U*)) (PP-DIR from (NP (QP $ 1.17 billion) *U*) (NP-TMP last year))) .)) (TOP (S (NP-SBJ A profit) (NP-TMP last year) (PP-TMP in (NP both the quarter and year)) (VP included (NP (NP a net gain) (PP of (NP (NP (QP $ 9.6 million) *U*) , or (NP (NP 44 cents) (NP-ADV a share)) ,)) (PP from (NP (NP the sale) (PP of (NP a division)))))) .)) (TOP (S (ADVP Additionally) , (NP-SBJ the full-year profit) (NP-TMP last year) (VP reflected (NP (NP an after-tax restructuring charge) (PP of (NP (NP (QP $ 22.8 million) *U*) , or (NP (NP $ 1.04 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ (NP Shares) (PP of (NP (NP Varian) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (NP-TMP last month) (VP warned (SBAR 0 (S (NP-SBJ there) (VP would (VP be (NP-PRD a fourth-quarter plunge)))))))) ,))) (VP closed (PP-LOC at (NP $ 22.75 *U*)) , (ADVP down (NP 62.5 cents)) (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 18 %) (PP-TMP in (NP the fiscal fourth quarter)) (PP-DIR to (NP (QP $ 364.1 million) *U*)) (PP-DIR from (NP (QP $ 307.9 million) *U*)) (PP on (NP (NP the strength) (PP-LOC in (NP (NP semiconductors) and (NP other products)))))) .)) (TOP (S (PP-LOC In (NP a last-ditch effort (S (NP-SBJ *) (VP to (VP keep (NP its sales force and customer base)))))) , (NP-SBJ Integrated Resources Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (PP-MNR in (NP principle)) (S (NP-SBJ *-1) (VP to (VP transfer (NP (NP ownership) (PP of (NP its broker-dealer subsidiary))) (PP-CLR to (NP (NP two) (PP of (NP its top executives))))))))))) .)) (TOP (S (NP-SBJ (NP The financial-services firm) , (VP struggling (PP-TMP since (NP summer)) (S (NP-SBJ-1 *) (VP to (VP avoid (NP a bankruptcy-law filing) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP missing (NP (NP interest payments) (PP on (NP (NP (QP about $ 1 billion) *U*) (PP of (NP debt)))))))))))) ,) (VP will (VP retain (NP the right (S (NP-SBJ *) (VP to (VP regain (NP the subsidiary))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP exercise (NP that right) (SBAR-ADV only if (S (NP-SBJ it) (VP sells (ADVP substantially) (NP (NP all) (PP of (NP its other core businesses))))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP can (VP sell (NP the right (S (NP-SBJ *) (VP to (VP regain (NP the subsidiary))))) (PP-DTV to (NP another party)))) .)) (TOP (S (ADVP Also) , (NP-SBJ-1 (NP the broker-dealer subsidiary) , (NP Integrated Resources Equity Corp.) ,) (VP was (VP renamed (S (NP-SBJ *-1) (NP-PRD Royal Alliance Associates Inc)))) .)) (TOP (S (PP-PRP Because of (NP (NP Integrated 's) (ADJP widely reported) troubles)) , (NP-SBJ (NP the unit 's) representatives) (VP had (VP been (VP requesting (NP a name change)))) .)) (TOP (S (NP-SBJ (NP Royal Alliance) , (SBAR (WHPP-3 to (WHNP which)) (S (NP-SBJ-1 (NP the 3,900 representatives ') licenses) (VP will (VP be (VP transferred (NP *-1) (PP-DIR *T*-3)))))) ,) (VP is (NP-PRD (NP a shell company) (SBAR (WHNP-2 0) (S (NP-SBJ Integrated) (VP owns (NP *T*-2)))))) .)) (TOP (S (PP-LOC In (NP the transaction)) , (NP-SBJ Integrated) (VP will (VP transfer (NP (NP (ADJP 100 %) ownership) (PP of (NP the subsidiary))) (PP-CLR to (NP (NP (NP Gerard M. Lavin) , (NP (NP (NP executive vice president) (PP of (NP Integrated))) and (NP (NP head) (PP of (NP back-office operations)) (PP-LOC at (NP the subsidiary))))) , and (NP (NP Gary W. Krat) , (NP (NP (NP executive vice president) (PP of (NP the parent))) and (NP (NP president) (PP of (NP the subsidiary))))))))) .)) (TOP (S (NP-SBJ Integrated) (VP will (VP pump (NP (QP $ 3.5 million to $ 4 million) *U*) (PP-CLR into (NP Royal Alliance)) (PP-MNR as (NP initial funding)))) .)) (TOP (S (PP-LOC In (NP an interview)) , (NP-SBJ Mr. Krat) (VP said (SBAR that (S (PP based (PP on (NP (NP criteria) (SBAR (WHNP-2 0) (S (NP-SBJ-3 *T*-2) (ADVP yet) (VP to (VP be (VP determined (NP *-3))))))))) , (NP-SBJ-4 he) (VP expects (S (NP-SBJ *-4) (VP to (VP distribute (NP (NP 49 %) (PP of (NP Royal Alliance))) (PP-CLR to (NP (NP the representatives) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sell (NP (NP Integrated 's) (UCP insurance and mutual-fund) products))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ Integrated) (VP regains (NP Royal Alliance)))) , (NP-SBJ the representatives) (VP will (VP retain (NP their (ADJP 49 %) ownership))) .)) (TOP (S (S (NP-SBJ Mr. Krat) (VP indicated (SBAR that (S (NP-SBJ (NP completion) (PP of (NP the transaction))) (VP could (VP take (NP several weeks))))))) , and (S (NP-SBJ it) (VP was n't (ADVP immediately) (VP clear (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP would (VP happen (PP-CLR to (NP the broker-dealer subsidiary)) (SBAR-ADV if (S (NP-SBJ Integrated) (VP files (PP-CLR for (NP bankruptcy-law protection)) (PP-TMP in (NP the meantime)))))))))))) .)) (TOP (S (NP-SBJ-1 The subsidiary) (VP is n't (VP expected (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD profitable) (PP-TMP for (NP (QP at least one) year))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ Integrated) (VP regains (NP the unit)))) , (NP-SBJ it) (VP would (VP receive (NP (NP any profit) (SBAR (WHNP-1 0) (S (NP-SBJ the unit) (VP reports (NP *T*-1))))) , (SBAR-TMP even while (S (NP-SBJ the unit) (VP is (ADJP-PRD independent)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the deal) (VP closes))) , (NP-SBJ the two officers) (VP will (VP draw (NP salaries) (PP-DIR (PP from (NP the independent operation)) , not (PP from (NP Integrated))))) .)) (TOP (S (NP-SBJ (NP Many aspects) (PP of (NP the agreement))) (VP were (VP worked (PRT out) (NP-TMP Wednesday) (PP-LOC in (NP Chicago)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Integrated senior managers) (VP met (PP-CLR with (NP (QP about 150) representatives)) (ADVP-TMP *T*-1)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ it) (VP was (NP-PRD (NP something) (SBAR (WHNP-2 that) (S (NP-SBJ we and they) (VP thought (SBAR 0 (S (NP-SBJ *T*-2) (VP was (ADJP-PRD constructive))))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Stephen D. Weinroth) , (NP (NP (NP chairman) and (NP co-chief executive officer)) (PP of (NP Integrated)))) .)) (TOP (S (NP-SBJ Integrated) (VP made (NP its announcement) (SBAR-TMP after (S (NP-SBJ the market) (VP closed)))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange Composite trading)) , (NP-SBJ Integrated shares) (VP closed (PP-CLR at (NP $ 1.125 *U*)) , (ADVP up (NP 12.5 cents))) .)) (TOP (S (NP-SBJ The dollar) (VP weakened (PP-LOC in (NP indecisive trading)) (SBAR-TMP as (S (NP-SBJ foreign-exchange dealers) (VP awaited (NP (NP fresh economic news) (SBAR (WHNP-1 that) (S (NP-SBJ they) (VP hope (SBAR 0 (S (NP-SBJ *T*-1) (VP will (VP jolt (NP the U.S. unit) (PP-DIR out (PP of (NP its narrow ranges))))))))))))))) .)) (TOP (S (NP-SBJ The Canadian dollar) (VP climbed (PP-DIR to (NP (NP its highest level) (PP against (NP the U.S. dollar)) (PP-TMP since (NP late August)))) , (S-ADV (NP-SBJ *) (VP prompting (S (NP-SBJ (NP the Bank) (PP of (NP Canada))) (VP to (VP sell (NP the Canadian currency) (PP-LOC on (NP the market)))))))) .)) (TOP (S (NP-SBJ Traders) (VP say (SBAR that (S (PP-TMP after (NP (NP a week) (PP of (S-NOM (NP-SBJ *) (ADVP-MNR nervously) (VP tracking (NP (NP every development) (PP-LOC on (NP Wall Street)))))))) , (NP-SBJ-1 the foreign-exchange market) (VP has (VP settled (PRT back) (S-PRP (NP-SBJ *-1) (VP to (VP catch (NP its breath) (ADVP-TMP ahead (PP of (NP new U.S. economic data))))))))))) .)) (TOP (S (NP-SBJ They) (VP noted , (ADVP however) , (SBAR that (S (NP-SBJ (NP a 26-point drop) (PP-LOC in (NP the Dow Jones Industrial Average))) (VP gave (NP the dollar) (NP a sharp nudge downward) (ADVP-TMP late (PP in (NP the day))))))) .)) (TOP (S (PP-LOC In (NP late New York trading)) (NP-TMP yesterday) , (NP-SBJ-1 the dollar) (VP was (VP quoted (NP *-1) (PP-CLR (PP at (NP (NP 1.8470 marks) , (ADVP down (PP from (NP 1.8578 marks) (NP-TMP late Friday))))) , and (PP at (NP (NP 141.90 yen) , (ADVP down (PP from (NP 142.43 yen) (NP-TMP late Friday)))))))) .)) (TOP (S (NP-SBJ-1 Sterling) (VP was (VP quoted (NP *-1) (PP-CLR at (NP $ 1.6030 *U*)) , (ADVP up (PP from (NP $ 1.5885 *U*) (NP-TMP late Friday))))) .)) (TOP (S (PP-LOC In (NP Tokyo)) (NP-TMP Tuesday) , (NP-SBJ the U.S. currency) (VP opened (PP-CLR for (NP trading)) (PP-CLR at (NP 141.80 yen)) , (ADVP down (PP from (NP (NP (NP Monday 's) Tokyo close) (PP of (NP 142.40 yen)))))) .)) (TOP (S (NP-SBJ-1 (NP The market 's) attention) (VP is (ADVP especially) (VP focused (NP *-1) (PP-CLR on (NP (NP a preliminary report) (PP on (NP the U.S. third-quarter gross national product)) , (ADJP due (ADVP out) (NP-TMP Thursday)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP could (VP show (SBAR 0 (S (NP-SBJ-3 the economy) (VP is (VP continuing (S (NP-SBJ *-3) (VP to (VP expand (PP-MNR at (NP a (ADJP relatively brisk) pace))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The consensus view) (PP on (NP (NP real GNP) , (NP (NP the total value) (PP of (NP (NP the U.S. output) (PP of (NP goods and services)))) (VP adjusted (NP *) (PP-CLR for (NP inflation)))) ,))) (VP calls (PP-CLR for (NP (NP (NP a (ADJP 2.3 %) gain) (PP on (NP an annual basis))) , (UCP (VP slowing (ADVP somewhat) (PP from (NP (NP the second quarter 's) 2.5 %))) , but (ADJP still fairly strong))))) .)) (TOP (S (NP-SBJ Few market participants) (VP expect (S (NP-SBJ the U.S. unit) (VP to (VP rally (ADVP-MNR sharply) (PP-CLR on (NP the news)) , (SBAR-ADV if (S (NP-SBJ-1 it) (VP turns (PRT out) (SBAR-MNR as (S (NP-SBJ-2 *-1) (VP expected (NP *-2))))))))))) .)) (TOP (S (NP-SBJ Many) (VP (VP contend (SBAR that (S (NP-SBJ the report) (VP may (VP overstate (NP (NP the economy 's) health)))))) and (VP predict (SBAR 0 (S (NP-SBJ the third-quarter figures) (VP may (VP be (NP-PRD (NP the last vigorous statistics) (PP for (NP (NP some time) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP come))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Everyone) (VP is (VP waiting (PP-CLR for (NP GNP))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Walter Simon) , (NP (NP an assistant treasurer) (PP with (NP Bank Julius Baer & Co)))) .)) (TOP (S `` (ADVP Yet) (NP-SBJ (NP even a (ADJP relatively strong) number) -- (NP (QP 2.8 % to 2.9 %) *U*) --) (VP wo n't (VP alter (NP (NP the market 's) view (SBAR that (S (NP-SBJ the economy) (VP is (VP softening))))))) . '')) (TOP (S (NP-SBJ (NP Hubert Pedroli) , (NP (NP managing director) (PP of (NP foreign exchange)) (PP-LOC at (NP (NP Credit Suisse) (PP-LOC in (NP New York))))) ,) (VP adds , `` (S (NP-SBJ The market) (VP sees (NP this) (PP-CLR as (NP (NP the last piece) (PP of (NP good news))))))) . '')) (TOP (S (NP-SBJ Mr. Pedroli) (VP notes (SBAR that (S (NP-SBJ-1 (NP the GNP deflator) , (NP (NP a measure) (PP of (NP inflation))) ,) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP (VP slow) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP would (VP give (NP the Federal Reserve) (NP (NP more room) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP ease (NP key U.S. rates) (ADVP *T*-3)))))))))))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP predict (NP (NP a (ADJP 3.5 %) rise) (PP in (NP the deflator)) , (PP-TMP after (S-NOM (NP-SBJ *) (VP climbing (NP-EXT 4.6 %) (PP-TMP in (NP the second quarter))))))) .)) (TOP (S (NP-SBJ They) (VP note (SBAR that (S (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-2 (NP an (ADJP unexpectedly sharp) widening) (PP-LOC in (NP the U.S. trade gap)) (PP-TMP in (NP August))) (VP was (VP reported (NP *-2) (NP-TMP earlier this month) (ADVP-TMP *T*-4))))) , (S (NP-SBJ-3 (NP hopes) (PP for (NP (NP a sustained narrowing) (PP of (NP the trade deficit))))) (VP were (VP dashed (NP *-3)))) and (S (NP-SBJ sentiment (SBAR *ICH*-1)) (VP gripped (NP the market) (SBAR-1 that (S (NP-SBJ the U.S. economy) (VP was (VP losing (NP its momentum)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP A 190-point plunge) (PP-LOC in (NP U.S. stock shares))) (VP compounded (NP the view))) , (NP-SBJ they) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Everyone) (VP is (ADJP-PRD extremely convinced (SBAR 0 (S (NP-SBJ the economy) (VP is (VP slowing))))))) , '' (VP says (S *T*-1)) (NP-SBJ one senior New York dealer) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ we) (VP 're not (VP headed (PP-CLR for (NP a recession)))))) , (NP-SBJ we) (VP 're (ADVP certainly) (VP headed (PP-CLR for (NP a major slowdown)))) . '')) (TOP (S (SBAR-ADV While (S (NP-SBJ the market) (VP expects (NP (NP little reaction) (PP from (NP (NP news) (PP of (NP U.S. durable goods orders)) , (VP scheduled (NP *) (PP-CLR for (NP release)) (NP-TMP today)) ,)))))) (NP-SBJ participants) (VP note (SBAR that (S (NP-SBJ-1 the figures) (VP will (ADVP probably) (VP serve (S (NP-SBJ *-1) (VP to (VP reinforce (NP this bearish sentiment))))))))) .)) (TOP (S (NP-SBJ-1 U.S. durable goods orders) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP show (NP (NP a decline) (PP of (NP 1.2 %)) (PP-TMP in (NP September)))))) , (PP according (PP to (NP economists))))) .)) (TOP (S (NP-SBJ The anticipated drop) (VP follows (NP (NP a (ADJP 3.9 %) rise) (PP-TMP in (NP August)))) .)) (TOP (S (NP-SBJ-1 Traders) , (ADVP however) , (VP are (ADJP-PRD quick (S (NP-SBJ *-1) (VP to (VP point (PRT out) (SBAR that (S (SBAR-ADV while (S (NP-SBJ there) (VP is (NP-PRD (NP little enthusiasm) (PP for (S-NOM (NP-SBJ *) (VP buying (NP dollars)))))))) , (NP-SBJ the U.S. unit) (VP has (VP found (NP a `` natural bottom '') (PP-CLR at (NP (ADVP about) (NP 1.85 marks) and (NP 140 yen)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Its resilience) (PP-LOC around (NP these levels))) (VP is (VP pegged (NP *-1) (PP-CLR to (NP (NP persistent investor demand) (PP for (NP the greenback)) , (PP-LOC (ADVP especially) in (NP Japan)))))) .)) (TOP (S (PP-LOC On (NP (NP the Commodity Exchange) (PP-LOC in (NP New York)))) , (NP-SBJ (NP gold) (PP for (NP current delivery))) (VP settled (PP-CLR at (NP (NP $ 367 *U*) (NP-ADV an ounce))) , (ADVP down (NP 30 cents))) .)) (TOP (S (NP-SBJ Estimated volume) (VP was (NP-PRD a (ADJP very light) (QP one million) ounces)) .)) (TOP (S (PP-LOC In (NP early trading)) (PP-LOC in (NP Hong Kong)) (NP-TMP Tuesday) , (NP-SBJ-1 gold) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP $ 366.79 *U*) (NP-ADV an ounce))))) .)) (TOP (S (NP-SBJ-1 (NP Liz Claiborne Inc.) , (NP-LOC New York) ,) (VP said (SBAR 0 (S (NP-SBJ its third-quarter net income) (VP jumped (NP-EXT 62 %)))) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP (NP continued strength) (PP-LOC in (NP apparel sales))) and (NP (NP the start) (PP of (NP (NP shipments) (PP of (NP (NP its new product lines) : (NP (NP (NP a men 's) fragrance) , (NP (NP large-size women 's) apparel) and (NP casual knitwear))))))))))) .)) (TOP (S (NP-SBJ The big apparel maker and retailer) (VP said (SBAR that (S (NP-SBJ (NP its net income) (PP-TMP in (NP the latest quarter))) (VP increased (PP-DIR to (NP (NP (QP $ 51.1 million) *U*) , or (NP (NP 58 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 31.7 million) *U*) , or (NP (NP 36 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP-TMP in (NP the quarter))) (VP gained (NP-EXT 29 %) (PP-DIR to (NP (QP $ 410.4 million) *U*)) (PP-DIR from (NP (QP $ 317.7 million) *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Claiborne shares) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 25.125 *U*)) , (ADVP up (NP 50 cents)) , (PP-LOC in (NP national over-the-counter trading))) .)) (TOP (S (NP-SBJ (NP Claiborne 's) directors) (ADVP also) (VP declared (NP (NP its regular cash dividend payment) (PP of (NP (NP five cents) (NP-ADV a share))) (ADJP payable (PP-TMP on (NP Dec. 5)) (PP to (NP (NP shareholders) (RRC (PP of (NP record)) (PP-TMP at (NP (NP the close) (PP of (NP business)) (PP-TMP on (NP Nov. 13)))))))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ net income) (VP rose (NP-EXT 48 %) (PP-DIR to (NP (NP (QP $ 124.2 million) *U*) , or (NP (NP $ 1.41 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 83.8 million) *U*) , or (NP (NP 96 cents) (NP-ADV a share))) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Sales) (VP gained (NP-EXT 16 %) (PP-DIR to (NP (QP $ 1.03 billion) *U*)) (PP-DIR from (NP (QP $ 894 million) *U*))) .)) (TOP (S (NP-SBJ Tokyo stocks) (VP closed (ADJP-ADV firmer) (NP-TMP Monday) , (PP with (S-NOM (NP-SBJ the Nikkei index) (VP making (NP its (ADJP fifth consecutive) daily gain))))) .)) (TOP (S (NP-SBJ Stocks) (ADVP also) (VP rose (PP-LOC in (NP London)) , (SBAR-ADV while (S (NP-SBJ the Frankfurt market) (VP was (ADJP-PRD mixed))))) .)) (TOP (S (PP-LOC In (NP Tokyo)) , (NP-SBJ the Nikkei index) (VP added (NP 99.14) (PP-DIR to (NP 35585.52))) .)) (TOP (S (NP-SBJ-1 The index) (VP moved (PP-DIR above (NP 35670)) (PP-TMP at (NP midmorning)) , (S-ADV (NP-SBJ *-1) (ADVP nearly) (VP reaching (NP (NP the record) (PP of (NP 35689.98)) (VP set (NP *) (NP-TMP Sept. 28)))))) .)) (TOP (S But (NP-SBJ the market) (VP lost (NP (NP part) (PP of (NP (NP the early gains) (PP on (NP index-linked investment trust fund selling)))))) .)) (TOP (S (PP-LOC In (NP early trading)) (PP-LOC in (NP Tokyo)) (NP-TMP Tuesday) , (NP-SBJ the Nikkei index) (VP rose (NP-EXT 1.08 points) (PP-DIR to (NP 35586.60))) .)) (TOP (S (PP-TMP On (NP Monday)) , (NP-SBJ traders) (VP noted (SBAR that (S (NP-SBJ some investors) (VP took (NP profits) (PP against (NP (NP the backdrop) (PP of (NP (NP the Nikkei 's) fast-paced recovery)))) (PP-TMP following (NP (NP its plunge) (NP-TMP last Monday) (PP in (NP (NP reaction) (PP to (NP (NP the Oct. 13 drop) (PP-LOC in (NP New York stock prices)))))))))))) .)) (TOP (S But (NP-SBJ overall buying interest) (VP remained (ADJP-PRD strong) (PP-TMP through (NP Monday)) , (PP with (S-NOM (NP-SBJ many observers) (VP saying (SBAR 0 (S (NP-SBJ they) (VP expect (S (NP-SBJ the Nikkei) (VP to (VP continue (PP-MNR with (NP moderate gains)) (NP-TMP this week))))))))))) .)) (TOP (S (NP-SBJ Turnover) (VP remained (ADJP-PRD relatively small)) .)) (TOP (S (NP-SBJ-1 (NP Volume) (PP on (NP the first section))) (VP was (VP estimated (NP *-1) (PP-CLR at (NP (QP 600 million) shares)) , (ADVP down (PP from (NP (QP 1.03 billion) shares) (NP-TMP Friday))))) .)) (TOP (S (NP-SBJ (NP The Tokyo stock price index) (PP of (NP first section issues))) (VP was (ADVP-PRD up (NP 7.81)) (PP at (NP 2687.53))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (ADJP Relatively stable) foreign currency dealings) (NP-TMP Monday) (VP were (VP viewed (NP *-1) (ADVP-MNR favorably) (PP by (NP-LGS market players))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-2 But (NP-SBJ-1 institutional investors) (VP may (VP wait (ADVP-TMP-CLR (NP a little) longer) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP appraise (NP (NP the direction) (PP of (NP (NP the U.S. monetary policy) and (NP the dollar)))))))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Hiroyuki Wada) , (NP (NP general manager) (PP of (NP the stock department)) (PP-LOC at (NP Okasan Securities))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP Monday 's) trading) (VP was `` (ADJP-PRD unfocused))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ investors) (VP were (VP picking (NP individual stocks) (PP-MNR based (PP on (NP (NP specific incentives) and (NP (NP the likelihood) (PP of (NP (NP a wider price increase) (PP-TMP over (NP the short term))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ The selective approach) (VP blurred (NP (NP themes) (PP such as (NP (NP domestic-demand issues) , (NP large-capitalization issues) or (NP high-technology shares))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP been (VP providing (NP (ADVP at least) some trading direction) (PP-TMP over (NP the past few weeks)))))))))) , (NP-SBJ Mr. Wada) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-2 Investors) (VP took (NP profits) (PP-CLR on (NP (NP major construction shares) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP advanced (NP-TMP last week)))) ,)) (S-ADV (NP-SBJ *-2) (VP shifting (NP their attention) (PP-DIR to (NP (NP some midsize companies) (PP such as (NP (NP Aoki Corp.) , (NP Tobishima) and (NP Maeda)))))))) .)) (TOP (S (NP-SBJ Aoki) (VP gained (NP 60 yen) (PP-DIR to (NP (NP 1,480 yen) (PRN -LRB- (NP $ 10.40 *U*) -RRB-)))) .)) (TOP (S (NP-SBJ Some pharmaceutical shares) (VP were (ADJP-PRD popular) (PP on (NP (NP rumors) (VP related (NP *) (PP-CLR to (NP (NP new products) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP introduced (NP *-1) (PP-LOC at (NP (NP a cancer conference) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP opened (PP-LOC in (NP Nagoya)))))))))))))))))) .)) (TOP (S (S (NP-SBJ Teijin) (VP was (ADVP-PRD up (NP 15)) (PP at (NP 936)))) , and (S (NP-SBJ Kyowa Hakko) (VP gained (NP 30) (PP-DIR to (NP 1,770)))) .)) (TOP (S (NP-SBJ Mochida) (VP advanced (NP-EXT 40) (PP-DIR to (NP 4,440))) .)) (TOP (S (NP-SBJ-1 Fujisawa) (VP continued (S (NP-SBJ *-1) (VP to (VP attract (NP investors)))) (PP-PRP because of (NP (NP strong earning prospects) (VP stemming (PP-CLR from (NP a new immune control agent)))))) .)) (TOP (S (NP-SBJ Fujisawa) (VP gained (NP 50) (PP-DIR to (NP 2,060))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Kikkoman) (VP was (ADVP-PRD up (NP 30)) (PP to (NP 1,600)) , (S-ADV (NP-SBJ *-1) (VP receiving (NP investor interest) (PP for (NP (NP its land property holdings) (PP-LOC near (NP Tokyo)))))))) , (NP-SBJ a trader) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ London prices) (VP closed (ADVP modestly higher) (PP-LOC in (NP (NP (NP the year 's) thinnest turnover) , (NP (NP a condition) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP underscored (NP (NP a lack) (PP of (NP conviction)) (ADVP-TMP ahead (PP of (NP (NP a U.K. (NAC balance (PP of (NP payments))) report) (NP-TMP Tuesday)))))))))))) .)) (TOP (S (S (NP-SBJ (NP Limited volume) (ADVP-TMP ahead (PP of (NP the September trade data)))) (VP showed (SBAR 0 (S (NP-SBJ the market) (VP is (ADJP-PRD nervous)))))) , but (S (NP-SBJ dealers) (VP added (SBAR that (S (NP-SBJ (NP the day 's) modest gains) (ADVP also) (VP signaled (NP (NP some support) (PP for (NP London equities)))))))) .)) (TOP (S (NP-SBJ They) (VP pegged (NP the support) (PP-CLR (ADVP largely) to (NP anticipation (SBAR that (S (NP-SBJ (NP Britain 's) current account imbalance) (VP ca n't (VP be (ADJP-PRD much worse (PP than (NP (NP the (ADJP near record) deficits) (VP seen (NP *) (PP-TMP in (NP July and August))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD (NP a case) (PP of (S-NOM (NP-SBJ the market) (VP being (ADJP-PRD (ADJP too high (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP buy))))) and (ADJP too afraid (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP sell)))))))))))) , '' (NP-SBJ (NP a senior dealer) (PP with (NP Kleinwort Benson Securities))) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD better) (S-1 (NP-SBJ *) (VP to (VP wait)))) . '')) (TOP (S (NP-SBJ The Financial Times 100-share index) (VP finished (ADVP-CLR (NP 10.6 points) higher) (PP-CLR at (NP 2189.7))) .)) (TOP (S (NP-SBJ The 30-share index) (VP closed (ADVP-CLR (NP 11.6 points) higher) (PP-CLR at (NP 1772.6))) .)) (TOP (S (NP-SBJ Volume) (VP was (NP-PRD 276.8 million shares) , (PP beneath (NP (NP (NP the year 's) previous low) (PP of (NP 280.5 million shares)) (NP-TMP (NP Sept. 25) , (NP (NP the session) (SBAR-TMP before (S (NP-SBJ-1 the August trade figures) (VP were (VP released (NP *-1)))))))))) .)) (TOP (S (NP-SBJ (NP Analysts ') expectations) (VP suggest (NP (NP a September current account deficit) (PP of (NP (NP (QP # 1.6 billion) *U*) (PRN -LRB- (NP (QP $ 2.54 billion) *U*) -RRB-)))) , (PP compared (PP with (NP (NP August 's) (ADJP (QP # 2.0 billion) *U*) deficit)))) .)) (TOP (S (NP-SBJ Dealers) , (ADVP however) , (VP said (SBAR 0 (S (NP-SBJ forecasts) (VP are (ADJP-PRD broadly divergent (PP with (NP (NP estimates) (VP ranging (PP between (NP (NP (QP # 1 billion) *U*) and (NP (QP # 2 billion) *U*))))))))))) .)) (TOP (S-1 `` (NP-SBJ (NP The range) (PP of (NP expectations))) (VP is (ADJP-PRD so broad (PRN , '' (S (NP-SBJ (NP a dealer) (PP-LOC at (NP another major U.K. brokerage firm))) (VP said (S *T*-1))) , ``) (SBAR 0 (S (NP-SBJ-2 the deficit) (VP may (VP have (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (QP nearer or above # 2 billion) *U*) (SBAR-PRP for (S (NP-SBJ it) (VP to (VP have (NP (NP any impact) (PP on (NP the market))))))))))))) . ''))))) (TOP (S (NP-SBJ (NP Lucas Industries) , (NP a British (UCP automotive and aerospace) concern) ,) (VP rose (NP-EXT 13 pence) (PP-DIR to (NP 614 pence)) (SBAR-TMP after (S (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ (NP its pretax profit) (PP for (NP the year))) (VP rose (NP-EXT 28 %)))))))) .)) (TOP (S (NP-SBJ-1 (NP Share prices) (PP-LOC on (NP the Frankfurt stock exchange))) (VP closed (ADJP-ADV narrowly mixed) (PP-LOC in (NP quiet dealings)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP recovering (NP (NP most) (PP of (NP their early losses))))))) .)) (TOP (S (NP-SBJ-1 The DAX index) (VP eased (NP-EXT 0.99 point) (S-CLR (NP-SBJ *-1) (VP to (VP end (PP-CLR at (NP 1523.22))))) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP falling (NP 5.5 points) (ADVP-TMP early (PP in (NP the session))))))) .)) (TOP (S (NP-SBJ Brokers) (VP said (SBAR 0 (S (NP-SBJ-1 the declines) (ADVP-TMP early (PP in (NP the day))) (VP were (ADVP partly) (VP caused (NP *-1) (PP by (NP-LGS (NP losses) (PP of (NP the ruling Christian-Democratic Union)) (PP-LOC in (NP (NP communal elections) (PP-LOC in (NP (NP the state) (PP of (NP Baden-Wuerttemberg))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The start) (PP of (NP (NP a weeklong conference) (PP by (NP the IG Metall metal worker union)) (PP-LOC in (NP Berlin))))) (VP is (VP drawing (NP attention) (PP-CLR to (NP (NP the impending wage negotiations) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP could (VP boost (NP (NP companies ') personnel costs) (NP-TMP next year)))))))))) , (NP-SBJ they) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S But (S (NP-SBJ there) (VP was (NP-PRD little selling pressure))) , and (S (NP-SBJ-1 (NP even small orders) (PP-LOC at (NP the lower levels))) (VP sufficed (S (NP-SBJ *-1) (VP to (VP bring (NP the market) (ADVP-DIR back (PP to (NP (NP Friday 's) opening levels)))))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ the thin trading volume) (VP points (PP-CLR to (NP (NP continued uncertainty) (PP by (NP most investors)) (PP-TMP following (NP (NP last Monday 's) record (ADJP 13 %) loss)))))))) .)) (TOP (S (S (NP-SBJ The market) (VP is (ADVP still) (ADJP-PRD (NP-ADV 4 %) short (PP of (NP (NP its level) (PP-TMP before (NP the plunge))))))) , and (S (NP-SBJ analysts) (VP are n't (ADJP-PRD sure (SBAR (WHNP-1 how long) (S (NP-SBJ it) (VP will (VP take (NP *T*-1) (SBAR-TMP until (S (NP-SBJ the DAX) (VP has (VP closed (NP that gap)))))))))))) .)) (TOP (S But (NP-SBJ (NP Norbert Braeuer) , (NP (NP chief trader) (PP-LOC at (NP (NP Hessische Landesbank Girozentrale) (PRN -LRB- (NP Helaba) -RRB-)))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ share prices) (VP to (VP move (ADVP-DIR upward) (PP-TMP in (NP the coming weeks))))))))) .)) (TOP (S (NP-SBJ Banking stocks) (VP were (NP-PRD the major gainers) (NP-TMP Monday) (PP-LOC amid (NP hope (SBAR that (S (NP-SBJ interest rates) (VP have (VP peaked)))))) , (SBAR-ADV as (S (NP-SBJ (NP Deutsche Bank) and (NP Dresdner Bank)) (VP added (NP (NP 4 marks) (NP-ADV each)) (PP-CLR to (NP (NP (NP 664 marks) (PRN -LRB- (NP $ 357 *U*) -RRB-)) and (NP 326 marks) , (ADVP respectively))))))) .)) (TOP (S (NP-SBJ Commerzbank) (VP gained (NP 1) (PP-DIR to (NP 252.5))) .)) (TOP (S (NP-SBJ Auto shares) (VP were (ADJP-PRD mixed) , (SBAR-ADV as (S (S (NP-SBJ Daimler-Benz) (VP firmed (NP-EXT 2) (PP-DIR to (NP 723)))) , (S (NP-SBJ Bayerische Motoren Werke) (VP lost (NP the same amount) (PP-DIR to (NP 554)))) , and (S (NP-SBJ Volkswagen) (VP inched (ADVP-DIR down (NP 1.4)) (PP-DIR to (NP 451.6))))))) .)) (TOP (S (ADVP-LOC Elsewhere) , (NP-SBJ prices) (VP (VP closed (ADVP-1 higher) (PP-LOC-2 in (NP Amsterdam))) , (VP (ADVP=1 lower) (PP-LOC=2 in (NP Zurich , Stockholm and Milan))) , (VP (ADJP-ADV=1 mixed) (PP-LOC=2 in (NP Brussels))) and (VP (ADJP-ADV=1 unchanged) (PP-LOC=2 in (NP Paris)))) .)) (TOP (S (NP-SBJ Shares) (VP (VP closed (ADVP higher) (PP-LOC in (NP (NP Hong Kong) , (NP Singapore) and (NP Manila)))) , and (VP were (ADJP-PRD lower) (PP-LOC in (NP Sydney , Seoul and Taipei)))) .)) (TOP (S (NP-SBJ-1 Wellington) (VP was (ADJP-PRD closed)) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ-2 (NP price trends) (PP-LOC on (NP (NP the world 's) major stock markets))) , (SBAR-ADV as (S (NP-SBJ-3 *-2) (VP calculated (NP *-3) (PP by (NP-LGS (NP Morgan Stanley Capital International Perspective) , (NP-LOC Geneva)))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP make (S (NP-SBJ them) (ADJP-PRD directly comparable))))) , (NP-SBJ-1 each index) (VP is (VP based (NP *-1) (PP-CLR on (S-NOM (NP-SBJ (NP the close) (PP of (NP 1969))) (VP equaling (NP 100)))))) .)) (TOP (S (NP-SBJ The percentage change) (VP is (PP-TMP-PRD since (NP year-end))) .)) (TOP (S (NP-SBJ Enviropact Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP entered (PP-DIR into (NP (NP an agreement (S *ICH*-1)) (PP in (NP principle)) (S-1 (NP-SBJ *) (VP to (VP sell (NP (NP its pump and tank division) and (NP drilling division)) (PP-DTV to (NP GSX Chemical Services)) (PP-CLR for (NP (QP $ 4 million) *U*))))))))))) .)) (TOP (S (NP-SBJ The Miami-based environmental engineering concern) (VP said (SBAR 0 (S (NP-SBJ GSX Chemical) (ADVP also) (VP will (VP assume (NP (NP (QP about $ 1.6 million) *U*) (PP in (NP (NP debt) (VP related (NP *) (PP-CLR to (NP those divisions))))))))))) .)) (TOP (S (S-TPC-1 (ADVP Further) , (NP-SBJ GSX) (VP will (VP buy (NP (NP (QP $ 1 million) *U*) (PP of (NP Enviropact common stock))) , (PP-CLR at (NP (NP $ 2.625 *U*) (NP-ADV a share))) , (PP plus (NP an option (S (NP-SBJ *) (VP to (VP acquire (NP (NP an additional (QP $ 1.5 million) *U*) (PP of (NP common))) (PP-CLR at (NP the same price)))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC In (NP American Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Enviropact) (VP closed (PP-CLR at (NP (NP $ 3 *U*) (NP-ADV a share))) , (ADVP up (NP 25 cents))) .)) (TOP (S (NP-SBJ Enviropact) (VP said (SBAR 0 (S (NP-SBJ the two divisions) (VP account (PP-CLR for (NP (NP (QP about $ 8 million) *U*) (PP of (NP (NP (NP the company 's) (QP $ 20 million) *U*) (PP in (NP annual revenue)))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The transaction) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP close (PP-TMP within (NP (QP about 20) days)))))))) , (NP-SBJ the company) (VP added (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Enviropact) (VP said (SBAR 0 (S (NP-SBJ-1 the proceeds) (VP will (VP be (VP used (NP *-1) (UCP-CLR (PP-MNR as (NP (NP working capital) (PP for (NP expansion)))) and (S-PRP (NP-SBJ *) (VP to (VP pay (NP (NP its existing tax liability) (PP of (NP (QP about $ 1.5 million) *U*)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP was (ADJP-PRD due (NP-TMP Sept. 15)))))))))))))))) .)) (TOP (S (NP-SBJ GSX) (VP is (NP-PRD (NP a unit) (PP of (NP (NP Laidlaw Transportation Ltd.) (PP of (NP (NP Burlington) , (NP Canada))))))) .)) (TOP (NP-TMP (NP Monday) , (NP October 23 , 1989))) (TOP (S (NP-SBJ (NP The key (UCP U.S. and foreign) annual interest rates) (ADVP-LOC below)) (VP (VP are (NP-PRD (NP a guide) (PP to (NP general levels)))) but (VP do n't (ADVP-TMP always) (VP represent (NP actual transactions)))) .)) (TOP (NP (NP PRIME RATE) : (NP 10 1 %) .)) (TOP (NP (NP The base rate) (PP on (NP corporate loans)) (PP-LOC at (NP large U.S. money center commercial banks)) .)) (TOP (NP (NP FEDERAL FUNDS) : (NP (NP (NP (QP 8 3) %) (ADVP high)) , (NP (NP (QP 8 11) %) (ADVP low)) , (NP (NP (QP 8 11) %) (PP-TMP near (NP closing bid))) , (NP (NP (QP 8 3) %) (VP offered (NP *)))) .)) (TOP (S (NP-SBJ Reserves) (VP traded (PP-CLR among (NP commercial banks)) (PP-PRP for (NP overnight use)) (PP-MNR in (NP (NP amounts) (PP of (NP (QP $ 1 million or more) *U*))))) .)) (TOP (NP (NP Source) : (NP Fulton Prebon (PRN -LRB- (NAC-LOC U.S.A .) -RRB-) Inc) .)) (TOP (NP (NP DISCOUNT RATE) : (NP 7 %) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP depository institutions)) (PP by (NP the New York Federal Reserve Bank)))) .)) (TOP (NP (NP CALL MONEY) : (NP (QP 9 3 % to 10 %) *U*) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP brokers)) (PP on (NP stock exchange collateral)))) .)) (TOP (NP (NP (NP COMMERCIAL PAPER) (VP placed (NP *) (ADVP-MNR directly) (PP by (NP-LGS General Motors Acceptance Corp.)))) : (NP (NP (NP 8.50 %) (NP (QP 2 to 44) days)) ; (NP (NP 8.25 %) (NP (QP 45 to 69) days)) ; (NP (NP 8.40 %) (NP (QP 70 to 89) days)) ; (NP (NP 8.20 %) (NP (QP 90 to 119) days)) ; (NP (NP 8.05 %) (NP (QP 120 to 149) days)) ; (NP (NP 7.90 %) (NP (QP 150 to 179) days)) ; (NP (NP 7.50 %) (NP (QP 180 to 270) days))) .)) (TOP (NP (NP COMMERCIAL PAPER) : (NP (NP (NP High-grade unsecured notes) (VP sold (NP *) (PP-MNR through (NP dealers)) (PP by (NP-LGS major corporations)) (PP-MNR in (NP (NP multiples) (PP of (NP $ 1,000 *U*))))))) : (NP (NP (NP 8.575 %) (NP 30 days)) ; (NP (NP 8.50 %) (NP 60 days)) ; (NP (NP 8.45 %) (NP 90 days))) .)) (TOP (NP (NP (NP CERTIFICATES) (PP OF (NP DEPOSIT))) : (NP (NP (NP 8.09 %) (NP one month)) ; (NP (NP 8.09 %) (NP two months)) ; (NP (NP 8.06 %) (NP three months)) ; (NP (NP 8 %) (NP six months)) ; (NP (NP 7.94 %) (NP one year))) .)) (TOP (NP (NP Average) (PP of (NP (NP top rates) (VP paid (NP *) (PP by (NP-LGS major New York banks)) (PP-CLR on (NP (NP primary new issues) (PP of (NP negotiable C.D.s)))) , (PP-CLR usually on (NP (NP amounts) (PP of (NP (QP $ 1 million and more) *U*))))))) .)) (TOP (S (NP-SBJ The minimum unit) (VP is (NP-PRD $ 100,000 *U*)) .)) (TOP (NP (NP (NP Typical rates) (PP-LOC in (NP the secondary market))) : (NP (NP (NP 8.60 %) (NP one month)) ; (NP (NP 8.60 %) (NP three months)) ; (NP (NP 8.40 %) (NP six months))) .)) (TOP (NP (NP BANKERS ACCEPTANCES) : (NP (NP (NP 8.50 %) (NP 30 days)) ; (NP (NP 8.32 %) (NP 60 days)) ; (NP (NP 8.32 %) (NP 90 days)) ; (NP (NP 8.16 %) (NP 120 days)) ; (NP (NP 8.05 %) (NP 150 days)) ; (NP (NP 7.96 %) (NP 180 days))) .)) (TOP (NP (NP Negotiable , bank-backed business credit instruments) (VP (ADVP typically) financing (NP an import order)) .)) (TOP (NP (NP LONDON LATE EURODOLLARS) : (NP (NP (NP (QP 8 3 % to 8 5 %) *U*) (NP one month)) ; (NP (NP (QP 8 11 % to 8 9 %) *U*) (NP two months)) ; (NP (NP (QP 8 3 % to 8 5 %) *U*) (NP three months)) ; (NP (NP (QP 8 5 % to 8 1 %) *U*) (NP four months)) ; (NP (NP (QP 8 9 % to 8 7 %) *U*) (NP five months)) ; (NP (NP (QP 8 9 % to 8 7 %) *U*) (NP six months))) .)) (TOP (NP (NP (NP LONDON INTERBANK OFFERED RATES) (PRN -LRB- (NP LIBOR) -RRB-)) : (NP (NP (NP (QP 8 3) %) (NP one month)) ; (NP (NP (QP 8 3) %) (NP three months)) ; (NP (NP (QP 8 9) %) (NP six months)) ; (NP (NP (QP 8 1) %) (NP one year))) .)) (TOP (NP (NP The average) (PP of (NP interbank offered rates)) (PP for (NP (NP dollar deposits) (PP in (NP the London market)))) (VP based (NP *) (PP-CLR on (NP (NP quotations) (PP-LOC at (NP five major banks))))) .)) (TOP (NP (NP FOREIGN PRIME RATES) : (NP (NP (NP Canada) (NP 13.50 %)) ; (NP (NP Germany) (NP 9 %)) ; (NP (NP Japan) (NP 4.875 %)) ; (NP (NP Switzerland) (NP 8.50 %)) ; (NP (NP Britain) (NP 15 %))) .)) (TOP (S (S (NP-SBJ These rate indications) (VP are n't (ADJP-PRD directly comparable))) ; (S (NP-SBJ lending practices) (VP vary (ADVP-MNR widely) (PP-MNR by (NP location)))) .)) (TOP (NP (NP (NP Results) (PP of (NP (NP the (NAC-TMP Monday , October 23 , 1989 ,) auction) (PP of (NP (NP short-term U.S. government bills) , (VP sold (NP *) (PP-CLR at (NP (NP a discount) (PP from (NP face value)))) (PP-MNR in (NP (NP units) (PP of (NP (QP $ 10,000 to $ 1 million) *U*)))))))))) : (NP (NP (NP 7.52 %) , (NP 13 weeks)) ; (NP (NP 7.50 %) , (NP 26 weeks))) .)) (TOP (NP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP .) (PRN -LRB- (NP Freddie Mac) -RRB-)) : (NP (NP (NP Posted yields) (PP on (NP 30-year mortgage commitments)) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days))))) . (NP (NP (NP 9.86 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 7.875 %) , (NP (ADJP 2 % rate capped) one-year adjustable rate mortgages)))) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION) (PRN -LRB- (NP Fannie Mae) -RRB-)) : (NP (NP (NP (NP Posted yields) (PP on (NP (ADJP 30 year) mortgage commitments)) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days))))) (PRN -LRB- (VP priced (NP *) (PP-CLR at (NP par))) -RRB-)) . (NP (NP (NP 9.80 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 8.75 %) , (NP (ADJP 6 rate capped) one-year adjustable rate mortgages)))) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP MERRILL LYNCH READY ASSETS TRUST) : (NP 8.56 %) .)) (TOP (FRAG (NP (NP Annualized average rate) (PP of (NP (NP return) (PP after (NP expenses)))) (PP-TMP for (NP the past 30 days))) ; not (NP (NP a forecast) (PP of (NP future returns))) .)) (TOP (S (NP-SBJ Bankers Trust New York Corp.) , (SBAR-ADV as (S (NP-SBJ *) (VP expected))) , (VP reported (NP (NP a third-quarter loss) (PP of (NP (NP (QP $ 1.42 billion) *U*) , or (NP (NP $ 17.39 *U*) (NP-ADV a share))))) , (PP-TMP following (NP (NP its (ADJP (QP $ 1.6 billion) *U*) boost) (PP-LOC in (NP (NP reserves) (PP for (NP (NP losses) (PP on (NP (NP loans) (PP to (NP less-developed countries))))))))))) .)) (TOP (S (NP-SBJ The loss) (VP compares (PP-CLR with (NP (NP net income) (PP of (NP (NP (QP $ 162.1 million) *U*) , or (NP (NP $ 2.01 *U*) (NP-ADV a share)))) , (PP-TMP in (NP the year-earlier period))))) .)) (TOP (S (NP-SBJ Interest income) (VP rose (NP-EXT 29 %) (PP-DIR to (NP (QP about $ 1.35 billion) *U*)) (PP-DIR from (NP (QP $ 1.05 billion) *U*))) .)) (TOP (S (NP-SBJ (NP The New York bank holding company 's) assets) (PP-TMP at (NP Sept. 30)) (VP climbed (PP-DIR to (NP (QP $ 59.4 billion) *U*)) (PP-DIR from (NP (QP $ 57.9 billion) *U*))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Excluding (NP (NP the increase) (PP in (NP loan-loss reserves))))) , (NP-SBJ Bankers Trust) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP would (VP have (VP increased (NP-EXT 11 %) (PP-DIR to (NP (QP $ 180 million) *U*)))))))) .)) (TOP (S (NP-SBJ-1 (NP A number) (PP of (NP major banks))) (VP have (VP posted (NP big losses) (PP-TMP after (S-NOM (NP-SBJ *-1) (ADVP-MNR sharply) (VP increasing (NP loan-loss reserves)))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP (NP the loans) (PP in (NP question))))) (VP are (PP-PRD to (NP (NP Third World countries) (PP-LOC in (NP South America))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Bankers Trust) (VP fell (NP-EXT 12.5 cents) (PP-DIR to (NP $ 50.50 *U*))) .)) (TOP (NP-HLN (NP BRISTOL-MYERS SQUIBB Co .) (PRN -LRB- (NP-LOC New York) -RRB-) --)) (TOP (S (NP-SBJ-1 (NP Gerald C. Beddall) , (ADJP (NP 47 years) old) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP president) (PP of (NP (NP the Clairol division) (PP of (NP this (UCP pharmaceuticals and health-care) company)))))))) .)) (TOP (S (NP-SBJ He) (VP succeeds (NP (NP C. Benjamin Brooks Jr.) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP retire (NP-TMP Nov. 1))))))) .)) (TOP (S (S (NP-SBJ-1 Mr. Brooks) (VP declined (S (NP-SBJ *-1) (VP to (VP give (NP his age)))))) , but (S (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ his leaving) (VP is (NP-PRD a normal retirement)))))) .)) (TOP (S (NP-SBJ Mr. Beddall) (VP had (VP been (NP-PRD (NP executive vice president) (PP of (NP the division))) (PP-TMP since (NP April)))) .)) (TOP (S (NP-SBJ (NP Clairol) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP hair and skin products)))) ,) (VP was (NP-PRD (NP a division) (PP of (NP Bristol-Myers Co.))) (PP-TMP before (NP (NP (NP that company 's) merger) (PP with (NP Squibb Corp))))) .)) (TOP (NP (NP Annualized interest rates) (PP on (NP certain investments)) (SBAR (WHNP-2 0) as (S (NP-SBJ-1 *T*-2) (VP reported (NP *-1) (PP by (NP-LGS the Federal Reserve Board)) (PP-MNR on (NP a weekly-average basis))))) :)) (TOP (FRAG (X a) - (NP Discounted rate .))) (TOP (FRAG (X b) - (NP (NP Week) (VP ended (NP *) (NP-TMP-CLR (NP Wednesday , October 18 , 1989) and (NP Wednesday October 11 , 1989)))) .)) (TOP (FRAG (X c) - (NP (NP Yields) , (VP adjusted (NP *) (PP-CLR for (NP constant maturity)))) .)) (TOP (S (NP-SBJ American Telephone & Telegraph Co.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP spend (NP (QP $ 20 million) *U*) (S-PRP (NP-SBJ *-1) (VP to (VP build (NP (NP a factory) (PP-LOC in (NP (NP Guadalajara) , (NP Mexico) ,)) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP make (NP telephone answering machines)))))))))))))) .)) (TOP (S (NP-SBJ (NP Construction) (PP of (NP the 265,000-square-foot facility))) (VP will (VP begin (NP-TMP next year) , (SBAR-ADV with (S (NP-SBJ-1 production) (VP expected (S (NP-SBJ *-1) (VP to (VP start (PP-TMP in (NP late 1991)))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ *-2) (ADJP-PRD fully operational) (ADVP-TMP *T*-1))) , (NP-SBJ-2 the Guadalajara factory) (VP will (VP (VP employ (NP (QP about 1,500) workers)) and (VP have (NP (NP annual operating expenses) (PP of (NP (QP $ 5 million to $ 6 million) *U*)))))) .)) (TOP (S (NP-SBJ An AT&T representative) (VP said (SBAR that (S (NP-SBJ the Guadalajara factory) (VP will (VP make (NP (NP a full line) (PP of (NP answering machines)))))))) .)) (TOP (S (NP-SBJ AT&T) (ADVP already) (VP has (NP (NP a factory) (PP-LOC in (NP (NP Matamoros) , (NP Mexico) ,)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP make (NP electrical devices))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP purchases (NP data systems products) (PP-CLR from (NP (NP a manufacturer) (VP based (NP *) (PP-LOC-CLR in (NP Monterrey)))))) .)) (TOP (S (NP-SBJ (NP Lucas Industries PLC) , (NP (NP a British maker) (PP of (NP industrial parts and systems))) ,) (VP reported (NP (NP (NP a (ADJP 28 %) rise) (PP-LOC in (NP pretax profit)) (PP for (NP (NP the year) (PP to (NP July 31))))) , (VP helped (NP *) (PP in (ADJP particular)) (PP by (NP-LGS (NP a (ADJP 32 %) jump) (PP in (NP operating profit)) (PP-LOC at (NP its aerospace division))))))) .)) (TOP (S (NP-SBJ (NP Pretax profit) (PP-TMP in (NP the latest year))) (VP climbed (PP-DIR to (NP (NP (QP # 187.1 million) *U*) (PRN -LRB- (NP (QP $ 297.1 million) *U*) -RRB-))) (PP-DIR from (NP (NP (QP # 146.3 million) *U*) (PRN -LRB- (NP (QP $ 232.3 million) *U*) -RRB-)))) .)) (TOP (S (NP-SBJ (NP Profit) (PP (PP after (NP (NP taxes) and (NP minority interests))) but (PP before (NP extraordinary items)))) (VP climbed (NP-EXT 27 %) (PP-DIR to (NP (QP # 143.4 million) *U*)) (PP-DIR from (NP (QP # 112.5 million) *U*)) , (PP with (S-NOM (NP-SBJ (NP earnings) (PP per (NP share))) (VP rising (PP-DIR to (NP (NP 85.1 pence) (PRN -LRB- (NP $ 1.35 *U*) -RRB-))) (PP-DIR from (NP (NP 79.4 pence) (PRN -LRB- (NP $ 1.26 *U*) -RRB-))))))) .)) (TOP (S (NP-SBJ The results) (VP were (PP-PRD at (NP (NP the upper end) (PP of (NP (NP market expectations) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP ranged (PP-CLR (PP from (NP (QP # 185 million) *U*)) (PP to (NP (QP # 188 million) *U*))))))))))) .)) (TOP (S (NP-SBJ TW Services Inc.) (VP posted (NP (NP a (ADJP (QP $ 3.3 million) *U*) third-quarter net loss) , (PP compared (PP with (NP a (ADJP (QP $ 24.9 million) *U*) profit)))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP (QP $ 60 million) *U*) (PP of (NP (NP expenses) (VP related (NP *) (PP-CLR to (NP (NP its much-publicized proposed takeover) (PP by (NP Coniston Partners))))))))))) .)) (TOP (S (NP-SBJ (NP The per-share loss) (PP for (NP the (NAC-LOC Paramus , N.J. ,) food-services concern))) (VP totaled (NP (NP seven cents) , (PP compared (PP with (NP (NP earnings) (PP of (NP (NP 51 cents) (NP-ADV a share))) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 5 %) (PP-DIR to (NP (QP $ 981.7 million) *U*)) (PP-DIR from (NP (QP $ 934.7 million) *U*))) .)) (TOP (S (NP-SBJ (NP Coniston) , (NP a New York investment partnership) ,) (VP awaits (NP (NP a vote) (PP by (NP (NP TW 's) shareholders)) , (VP scheduled (NP *) (PP-TMP-CLR for (NP Friday))) , (PP on (NP (NP (NP Coniston 's) (ADJP (ADJP $ 34-a-share) , or (ADJP (QP $ 1.66 billion) *U*) ,) offer) (PP for (NP TW)))))) .)) (TOP (S (NP-SBJ Nine-month net income) (VP dropped (NP-EXT 47 %) (PP-DIR to (NP (NP (QP $ 26.3 million) *U*) , or (NP (NP 54 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 49.7 million) *U*) , or (NP (NP $ 1.02 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 6 %) (PP-DIR to (NP (QP $ 2.79 billion) *U*)) (PP-DIR from (NP (QP $ 2.63 billion) *U*))) .)) (TOP (S (NP-SBJ-1 (NP Cummins Engine Co.) , (NP-LOC (NP Columbus) , (NP Ind.))) , (S-ADV (NP-SBJ *-1) (VP hurt (NP *) (PP by (NP-LGS (NP a drop) (PP-LOC in (NP (NP engine orders) (PP from (NP heavy-truck makers)))))))) , (VP reported (NP (NP a third-quarter loss) (PP of (NP (NP (QP $ 39.7 million) *U*) , or (NP (NP $ 4.12 *U*) (NP-ADV a share)))) , (PP on (NP (NP essentially flat sales) (PP of (NP (QP $ 807.6 million) *U*)))))) .)) (TOP (S (PP-TMP In (NP the year-earlier period)) , (NP-SBJ (NP the maker) (PP of (NP (NP diesel engines) and (NP parts)))) (VP had (NP (NP a narrower deficit) (PP of (NP (NP (QP $ 17.6 million) *U*) , or (NP (NP $ 1.84 *U*) (NP-ADV a share))))) , (PP with (NP (NP sales) (PP of (NP (QP $ 808.3 million) *U*))))) .)) (TOP (S (NP-SBJ A spokeswoman) (VP said (SBAR 0 (S (NP-SBJ (NP shipments) (PP of (NP (NP truck engines) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP provide (NP (NP a higher margin) (PP than (NP (NP most) (PP of (NP (NP the company 's) other products)))))))) ,))) (VP declined (NP-EXT 16 %) (PP-DIR from (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP Cummins 's) stock) (VP stumbled (NP-TMP last month) (SBAR-TMP after (S (NP-SBJ the company) (VP projected (NP a `` substantial '' third-period loss)))) ,))) (NP-SBJ the stock) (ADVP also) (VP fell (NP-EXT $ 1.125 *U*) (PP-LOC in (NP composite New York Stock Exchange trading)) (NP-TMP yesterday) , (PP-DIR to (NP $ 51.75 *U*))) .)) (TOP (S (NP-SBJ It) (VP traded (ADVP-CLR (ADVP as high) (PP as (NP $ 64 *U*))) (ADVP-TMP (NP a month) ago) , (PP-TMP before (NP the loss projection))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ the latest loss) (VP trimmed (NP net income) (PP-CLR to (NP (NP (QP $ 3.6 million) *U*) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (PP-TMP after (NP (NP payment) (PP of (NP preferred dividends)))) (VP represented (NP (NP a 31-cent loss) (NP-ADV a common share)))))))) .)) (TOP (S (NP-SBJ The year-before loss) (VP was (NP-PRD (NP (QP $ 8.4 million) *U*) , or (NP (NP $ 1.36 *U*) (NP-ADV a common share)))) .)) (TOP (S (NP-SBJ-1 Exxon Corp.) (VP filed (NP suit) (PP-CLR against (NP (NP the state) (PP of (NP Alaska)))) , (S-ADV (NP-SBJ *-1) (VP charging (SBAR 0 (S (NP-SBJ state officials) (VP interfered (PP-CLR with (NP (NP the oil company 's) initial efforts (S (NP-SBJ *) (VP to (VP treat (NP (NP last spring 's) giant oil spill)))))))))))) .)) (TOP (S (NP-SBJ The action) (VP is (NP-PRD (NP a counterclaim) (PP to (NP (NP a suit) (VP filed (NP *) (PP by (NP-LGS Alaska)) (PP-TMP in (NP August)) (PP-CLR against (NP (NP Exxon) and (NP six other oil companies)))))))) .)) (TOP (S (NP-SBJ (NP The state 's) suit) (VP alleges (SBAR that (S (NP-SBJ-1 (NP (NP Exxon 's) response) (PP to (NP the spill))) (VP failed (S (NP-SBJ *-1) (VP to (VP prevent (NP (NP contamination) (PP of (NP (NP hundreds) (PP of (NP miles)) (PP of (NP (NP shoreline) (PP-LOC along (NP Prince William Sound)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP That suit) and (NP (NP Exxon 's) countersuit)) (VP were (VP filed (NP *-1) (PP-LOC-CLR in (NP (NP a state court) (PP-LOC in (NP Anchorage)))))) .)) (TOP (S (NP-SBJ Neither suit) (VP lists (NP specific dollar claims) , (SBAR-PRP (ADVP largely) because (S (NP-SBJ-1 damage assessment) (VP has n't (ADVP yet) (VP been (VP completed (NP *-1))))))) .)) (TOP (S (NP-SBJ Legal strategists) (VP say (SBAR that (S (NP-SBJ (NP damage claims) (PP against (NP the oil giant and others))) (VP could (ADVP well) (VP exceed (NP (QP $ 1 billion) *U*)))))) .)) (TOP (S (NP-SBJ-1 Litigation) , (SBAR-ADV if (S (NP-SBJ-2 *-1) not (VP settled (NP *-2) (PP-MNR out (PP of (NP court)))))) , (VP could (VP drag (PRT on) (PP-TMP for (NP years)))) .)) (TOP (S (NP-SBJ Exxon) (VP said (PP-LOC in (NP its suit)) (SBAR that (S (NP-SBJ it) (VP will (VP seek (NP (NP reimbursement) (PP from (NP the state)) (PP for (NP (NP that part) (PP of (NP the cleanup costs and damage claims)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP says (SBAR 0 (S (NP-SBJ *T*-1) (VP resulted (PP-CLR from (NP (NP the state 's) conduct)))))))))))))))) .)) (TOP (S (NP-SBJ The oil company) (VP claims (SBAR that (S (NP-SBJ Alaskan officials) (VP prevented (NP-1 Exxon) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP spraying (NP dispersant) (PP-CLR onto (NP (NP the (QP almost 11 million) gallons) (PP of (NP oil)) (VP dumped (NP *) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP one) (PP of (NP its tankers))) (VP ran (PP-CLR into (NP an underwater reef)) (ADVP-TMP *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ (NP Craig Tillery) , (NP an Alaska assistant attorney general) ,) (VP said (PP-LOC in (NP an interview)) (NP-TMP last night) (SBAR that (S (NP-SBJ (NP Exxon 's) accusations) `` (VP are not (ADJP-PRD new))))) .)) (TOP (S (NP-SBJ Exxon) (VP has (VP made (NP them) (ADVP-TMP before) , (SBAR-TMP (WHPP-1 at (WHNP which point)) (S (NP-SBJ the state) (VP demonstrated (SBAR 0 (S (NP-SBJ they) (VP were (ADJP-PRD untrue)))) (PP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ The state) (VP will (ADVP-MNR vigorously) (VP defend (PP-CLR against (NP any counterclaim)))) . '')) (TOP (S (PP-TMP Since (NP (NP the spill) (NP-TMP last March))) , (NP-SBJ (NP Exxon) and (NP the state)) (VP have (VP been (VP wrangling (PP-CLR over (SBAR whether (S (S-NOM-SBJ-1 (NP-SBJ *) (VP spraying (NP dispersant) (PP-CLR on (NP the oil)) (PP-TMP in (NP (NP the first hours) (PP after (NP the spill)))) , (SBAR-TMP (WHADVP when) (S (NP-SBJ the weather) (VP was (ADJP-PRD clear and calm)))) ,)) (VP would (VP have (VP helped (S (NP-SBJ *-1) (VP limit (NP the environmental damage)))))))))))) .)) (TOP (S (NP-SBJ Exxon) (VP claims (SBAR (SBAR that (S (NP-SBJ (NP use) (PP of (NP (NP dispersants) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP break (NP an oil slick) (PP-CLR into (NP microscopic droplets))))) ,))) (VP was (NP-PRD (NP a crucial part) (PP of (NP its immediate-response plan)))))) and (SBAR that (S (NP-SBJ state officials) (VP banned (NP their use) (PP-TMP during (NP (NP the two days) (PP of (NP fair weather)) (PP-TMP following (NP the spill))))))))) .)) (TOP (S (NP-SBJ The oil company) (VP claims (SBAR that (S (NP-SBJ it) (VP had (NP permission (S *ICH*-1)) (PP from (NP the U.S. Environmental Protection Agency)) (ADVP-TMP prior (PP to (NP the spill))) (S-1 (NP-SBJ *) (VP to (VP use (NP dispersant) (PP-TMP during (NP such an incident)) (PP at (NP (NP the discretion) (PP of (NP the U.S. Coast Guard))))))))))) .)) (TOP (S-1 (NP-SBJ (NP (NP The state 's) opposition) (PP to (NP (NP the use) (PP of (NP dispersants))))) (PRN , (S (NP-SBJ Exxon) (VP says (SBAR 0 (S *T*-1)))) ,) (VP caused (S (NP-SBJ-2 the Coast Guard) `` (VP to (VP delay (S (NP-SBJ *-2) (VP granting (NP permission))))))) . '')) (TOP (S (NP-SBJ (UCP Alaskan and Coast Guard) officials) (VP say (SBAR 0 (S (NP-SBJ (NP Exxon 's) charges) (VP are n't (ADJP-PRD relevant) (SBAR-PRP because (S (NP-SBJ (NP tests) (VP conducted (NP *) (PP-TMP during (NP (NP the first two days) (PP-TMP following (NP the spill)))))) (VP showed (SBAR that (S (NP-SBJ the dispersant) (VP was n't (VP working (ADVP anyway)))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 (NP Use) (PP of (NP dispersants))) (VP was (VP approved (NP *-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP a test) (PP-TMP on (NP the third day))) (VP showed (NP some positive results) (ADVP-TMP *T*-2))))))) , (NP-SBJ officials) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ (NP Meson Investment Ltd.) , (NP a (ADJP Vancouver , B.C.-based) investment firm) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP raised (NP (NP its stake) (PP-LOC in (NP Verit Industries))) (PP-DIR to (NP (NP 8.9 %) (PP of (NP (NP the common shares) (ADJP outstanding))))))))) .)) (TOP (S (PP-LOC In (NP a Securities and Exchange Commission filing)) , (NP-SBJ Meson) (VP said (SBAR 0 (S (NP-SBJ it) (VP holds (NP (NP 67,400 Verit common shares) , (PP including (NP (NP net purchases) (PP of (NP (NP 8,100 shares) (VP bought (NP *) (PP-TMP (PP from (NP Oct. 10 , 1988)) , (PP to (NP Oct. 11 , 1989))) , (PP-CLR for (NP (NP (QP $ 3.875 to $ 7) *U*) (NP-ADV each))))))))))))) .)) (TOP (S (NP-SBJ Meson) (VP is (NP-PRD (NP the personal holding company) (PP of (NP (NP Steven Morfey) , (NP a Vancouver securities dealer))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 the transaction) (VP was (VP made (NP *-1) (PP-PRP for (NP investment purposes))))))) .)) (TOP (S (NP-SBJ-1 (NP Officials) (PP for (NP (ADJP Sun Valley , Calif.-based) Verit))) (VP could n't (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the American Stock Exchange)))) , (NP-SBJ Verit) (VP closed (ADJP-CLR unchanged) (NP-TMP yesterday) (PP-CLR at (NP (NP $ 3.875 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ The House Appropriations Committee) (VP approved (NP (NP an estimated (QP $ 2.85 billion) *U*) (PP in (NP emergency funding)) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *-1) (VP (VP to (VP assist (NP (NP (NP California 's) recovery) (PP from (NP (NP last week 's) earthquake))))) and (VP to (VP extend (NP further aid) (PP-CLR to (NP (NP East Coast victims) (PP of (NP Hurricane Hugo))))))))))) .)) (TOP (S (S (NP-SBJ-1 The package) (VP was (VP termed (S (NP-SBJ *-1) (ADJP-PRD excessive)) (PP by (NP-LGS the Bush administration))))) , but (S (NP-SBJ it) (ADVP also) (VP provoked (NP (NP a struggle) (PP with (NP (NP influential California lawmakers) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP sought (ADVP-MNR unsuccessfully) (S (NP-SBJ-4 *-3) (VP to (VP (VP add (NP (NP (QP nearly $ 1 billion) *U*) (ADJP more))) and (VP waive (NP current restrictions) (S-PRP (NP-SBJ *-4) (VP to (VP expedite (NP (NP the distribution) (PP of (NP funds)))))))))))))))))) .)) (TOP (S (S (PP-MNR By (NP a 26-7 margin)) , (NP-SBJ the committee) (VP scuttled (NP the (ADJP more expensive) alternative))) , and (S (NP-SBJ the debate) (VP forced (NP (NP a strained confrontation) (PP between (NP (NP (NP Appropriations Committee Chairman Jamie Whitten) (PRN -LRB- (NP (NP D.) , (NP-LOC Miss .)) -RRB-)) and (NP (NP (NP his party 's) largest state delegation) (PP-LOC in (NP the House)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP have (NP (NP no regrets) (PP about (S-NOM (NP-SBJ *) (VP going (ADVP-DIR forward))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Rep. Vic Fazio) (PRN -LRB- (NP D.) , (NP-LOC Calif.) -RRB-) , (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP sought (ADVP-TMP later) (S (NP-SBJ *-3) (VP to (VP play (PRT down) (NP (NP the (ADJP sometimes hostile) tone) (PP of (NP the long evening meeting)))))))))) .)) (TOP (S-1 `` (S (NP-SBJ We) (VP are (NP-PRD the Golden State))) (PRN , '' (S (NP-SBJ Mr. Fazio) (VP said (S *T*-1))) , ``) and (S (NP-SBJ there) (VP is (NP-PRD (NP a certain amount) (PP of (NP jealousy))))) . '')) (TOP (S (NP-SBJ The (ADJP (QP $ 2.85 billion) *U*) package) (VP incorporates (NP (NP (NP (QP $ 500 million) *U*) (PP for (NP small-business loans))) , (NP (NP (QP $ 1 billion) *U*) (PP in (NP highway construction funds))) , and (NP (NP (QP $ 1.35 billion) *U*) (VP divided (NP *) (PP-CLR between (NP (NP general emergency assistance) and (NP (NP a reserve) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP be (ADJP-PRD available (PP to (NP President Bush)) (S (NP-SBJ *-2) (VP to (VP meet (NP (NP unanticipated costs) (PP from (NP the two disasters)))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The funding) (VP is (VP attached (NP *-1) (PP-CLR to (NP (NP a stopgap bill) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP keep (S (NP-SBJ (NP most) (PP of (NP the government))) (VP operating (PP-TMP through (NP Nov. 15)))))))))))) .)) (TOP (S (S (NP-SBJ-1 The measure) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP come (PP-LOC-CLR before (NP the House)) (NP-TMP today))))))) , and (S (NP-SBJ Congress) (VP is (PP-PRD under (NP pressure (S (NP-SBJ *) (VP to (VP complete (NP action) (PP-TMP before (NP (NP (NP midnight EDT) (NP tomorrow)) , (SBAR (WHADVP-2 when) (S (NP-SBJ the current continuing resolution) (VP expires (ADVP-TMP-CLR *T*-2))))))))))))) .)) (TOP (S (PP Given (NP (NP California 's) (NX (NX size) and (NX political importance)))) , (NP-SBJ-1 the White House) (VP is (ADJP-PRD eager (S (NP-SBJ *-1) (VP to (VP appear (ADJP-PRD generous)))))) .)) (TOP (S But (PP-LOC in (NP private meetings)) (NP-TMP yesterday) , (NP-SBJ Budget Director Richard Darman) (VP argued (SBAR that (S (NP-SBJ-1 (NP (QP only $ 1.5 billion) *U*) (PP in (NP new federal appropriations))) (VP are (VP needed (NP *-1) (S-PRP-CLR (NP-SBJ *) (VP to (VP supplement (NP existing resources))))))))) .)) (TOP (S (S (NP-SBJ A White House budget office analysis) (VP estimates (SBAR that (S (NP-SBJ-1 (NP (QP $ 500 million) *U*) -- or (NP (NP half the level) (PP in (NP the committee bill))) --) (VP is (VP needed (NP *-1) (PP-PRP-CLR for (NP (NP highway assistance) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP meet (NP (NP California 's) needs))))))))))))) , and (S (NP-SBJ the administration) (VP rejects (NP the notion (SBAR that (S (NP-SBJ-3 new appropriations) (VP are (VP needed (NP *-3) (S-PRP-CLR (NP-SBJ *) (VP to (VP finance (NP (NP disaster loans) (PP by (NP the Small Business Administration))))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ Everybody) (VP appreciates (SBAR (SBAR that (S (NP-SBJ it) (VP is (NP-PRD a national disaster)))) and (SBAR that (S (NP-SBJ-2 we) (VP 've (VP got (S (NP-SBJ *-2) (VP to (VP address (NP it))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Mr. Darman) , (SBAR (WHNP-1 who) (S (NP-SBJ-4 *T*-1) (VP came (PP-DIR to (NP the Capitol)) (S-PRP (NP-SBJ *-4) (VP to (VP meet (PP-CLR with (NP (NP Mr. Whitten) and (NP California lawmakers))) (PP-TMP before (NP the committee session))))))))) .)) (TOP (S `` (NP-SBJ I) (VP would (VP hope (ADVP-MNR very much) (SBAR that (S (NP-SBJ we) (VP would n't (VP end (PRT up) (PP-CLR in (NP (NP a kind) (PP of (NP situation)) (SBAR (WHADVP-1 where) (S (NP-SBJ you) (VP have (NP (NP a bidding war) and then (NP a veto threat)) (ADVP-LOC *T*-1)))))))))))) . '')) (TOP (S (SBAR-ADV Although (S (NP-SBJ this White House pressure) (VP was (ADVP clearly) (NP-PRD a factor) (PP-LOC among (NP committee Republicans))))) , (NP-SBJ no single influence) (VP was (ADJP-PRD greater (PP than (NP Mr. Whitten)))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD (NP A master) (PP of (NP pork-barrel politics)))) , (NP-SBJ-1 he) (VP had (VP (VP crafted (NP the (ADJP (QP $ 2.85 billion) *U*) package) (PP-MNR in (NP vintage style))) and (VP used (NP (NP the full force) (PP of (NP his chairmanship))) (S-CLR (NP-SBJ *-1) (VP to (VP (VP keep (S (NP-SBJ the proposal) (ADJP-PRD intact))) and (VP dismiss (NP any alternative)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ Mr. Fazio) (VP offered (NP the California-backed (ADJP (QP $ 3.84 billion) *U*) plan) (ADVP-TMP *T*-2)))) , (NP-SBJ Mr. Whitten) (VP insisted (SBAR that (S (NP-SBJ-1 the full 14 pages) (VP be (VP read (NP *-1) (ADVP-MNR aloud) (PP by (NP-LGS (NP the panel 's) clerk)) (S-PRP (NP-SBJ *) (VP to (VP underscore (NP (NP the range) (PP of (NP (NP legislative changes) (VP (ADVP also) sought (NP *) (PP by (NP-LGS the delegation)))))))))))))) .)) (TOP (S (S (PP On (NP (NP the chairman 's) motion)) , (NP-SBJ-1 the California package) (VP was (ADVP-TMP subsequently) (VP reduced (NP *-1) (PP-CLR to (NP less-binding report language))))) , and (S (SBAR-TMP even (WHADVP-3 when) (S (NP-SBJ-2 this) (VP was (VP accepted (NP *-2) (PP-CLR as (NP such)) (PP-MNR on (NP a voice vote)) (ADVP-TMP *T*-3))))) , (NP-SBJ Mr. Whitten) (ADVP-MNR pointedly) (VP opposed (NP it))) .)) (TOP (SINV (ADJP-PRD-TPC-2 More important (PP than (NP money))) (PP-LOC in (NP many cases)) (VP are (ADJP-PRD *T*-2)) (NP-SBJ (NP waivers) (SBAR (WHNP-1 0) (S (NP-SBJ California) (VP is (VP seeking (NP *T*-1))))) (PP on (NP (NP current restrictions) (VP covering (NP federal highway funds)) , (PP such as (NP (NP a (ADJP (QP $ 100 million) *U*) cap) (PP on (SBAR-NOM (WHNP-3 how much) (S (NP-SBJ any single state) (VP can (VP receive (NP *T*-3) (PP-MNR in (NP emergency funds)) (PP-TMP in (NP a year)))))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Mr. Whitten 's) package) (VP appears (S (NP-SBJ *-1) (VP to (VP accomplish (NP this purpose)))))) , but (S (NP-SBJ the state) (VP faces (NP more resistance) (PP-LOC in (NP (NP its bid) (PP for (NP (NP an extended waiver) (PP on (S-NOM (NP-SBJ-2 *) (VP having (S (NP-SBJ *-2) (VP to (VP put (PRT up) (NP any matching funds) (PP on (NP (NP repairs) (VP completed (NP *) (PP-TMP in (NP the next six months))))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (NP-PRD A (NX (NX (NX member) (PP in (NP the House leadership))) and (NX skilled legislator)))) , (NP-SBJ-2 Mr. Fazio) (ADVP nonetheless) (VP found (S (NP-SBJ-3 himself) (VP burdened (NP *-3) (PP (CONJP not only) (PP by (NP-LGS (NP California 's) needs)) but (PP by (NP-LGS (NP Hurricane Hugo amendments) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP accepted (NP *T*-1) (PP in (NP a vain effort (S (NP-SBJ *) (VP to (VP build (NP support) (PP-LOC in (NP the panel)))))))))))))))) .)) (TOP (S (S (NP-SBJ The California Democrat) (VP appeared (ADJP-PRD embarrassed (PP by (NP (NP provisions) (VP inserted (NP *) (PP-PRP on (NP (NP behalf) (PP of (NP (NP owners) (PP of (NP (NP private beaches) (PP-LOC in (NP the Virgin Islands)))))))))))))) , and (S (NP-SBJ-1 lumber interests) (VP sought (S (NP-SBJ *-1) (VP to (VP add (NP (NP another (QP $ 100 million) *U*) (PP in (NP federal aid)) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP plant (NP timber) (PP-LOC on (NP private land)) (PP-LOC in (NP North and South Carolina)) (ADVP-MNR *T*-2))))))))))) .)) (TOP (S (NP-SBJ (NP California 's) high-priced real estate) (VP puts (NP it) (PP-PUT in (NP an awkward position)) , (ADVP too)) .)) (TOP (S (NP-SBJ-1 One provision) (NP-TMP last night) (VP would (VP have (VP raised (NP (NP the cap) (PP on (NP disaster loans))) (PP-DIR to (NP $ 500,000 *U*)) (PP-DIR from (NP (NP $ 100,000 *U*) (PP per (NP household)))) (S-PRP (NP-SBJ *-1) (VP to (VP accommodate (NP San Francisco losses))))))) .)) (TOP (S (NP-SBJ Kurzweil Music Systems Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP retained (NP (NP Kidder , Peabody & Co.) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP study (NP (NP financial alternatives) , (PP including (NP (NP the possible sale) (PP of (NP the (ADJP financially struggling) company)))))))))))))) .)) (TOP (S (NP-SBJ (NP Kurzweil) , (NP-LOC (NP Waltham) , (NP Mass.)) ,) (VP makes (NP (NP digital electronic keyboard instruments) (VP used (NP *) (PP by (NP-LGS professional recording musicians))))) .)) (TOP (S (NP-SBJ It) (ADVP-TMP recently) (VP introduced (NP (NP a line) (PP for (NP the home market)))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP Raymond C. Kurzweil) , (NP (NP chairman) and (NP chief executive)) ,) (VP said `` (S (NP-SBJ-1 The company) (VP continues (S (NP-SBJ-2 *-1) (VP to (VP require (NP additional funding) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP realize (NP (NP the potential) (PP of (NP its technology)))))))))))) . '')) (TOP (S (PP-TMP In (NP (NP the year 's) first six months)) , (NP-SBJ Kurzweil) (VP had (NP (NP a loss) (PP of (NP (QP $ 6.9 million) *U*)) (PP on (NP (NP sales) (PP of (NP (QP $ 11.2 million) *U*)))))) .)) (TOP (S (NP-TMP Last month) (NP-SBJ-1 (NP its president) , (NP John S. Donnelly) ,) (VP resigned (S-ADV (NP-SBJ *-1) (VP citing (NP `` (NP management differences) '' (PP with (NP Mr. Kurzweil)))))) .)) (TOP (S (NP-SBJ (NP Amtech Systems Inc.) , (NP-LOC (NP Tempe) , (NP Ariz.) ,)) (VP said (SBAR 0 (S (NP-SBJ (NP its preliminary year-end results) (PP of (NP operations))) (VP indicate (NP `` (NP substantial improvement) '' (PP over (NP the previous fiscal year))))))) .)) (TOP (S (NP-SBJ (NP Amtech) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP (NP an automated process system) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP improves (NP (NP the yields) (PP of (NP semiconductor manufacturers)))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP profit) (PP for (NP (NP the year) (VP ended (NP *) (NP-TMP-CLR Sept. 30))))) (VP rose (PP-DIR to (NP (QP more than $ 800,000) *U*)) (PP-DIR from (NP $ 446,000 *U*) (NP-TMP last year)))))) .)) (TOP (S (NP-SBJ-1 Per-share earnings) (VP are (VP estimated (NP *-1) (PP-CLR at (NP (QP more than 40) cents)) , (ADVP up (PP from (NP (NP 22 cents) (PP for (NP fiscal 1988))))))) .)) (TOP (S (NP-SBJ-1 Total revenue) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP double (PP-DIR to (NP (QP more than $ 22 million) *U*)) (PP-DIR from (NP (QP $ 10.8 million) *U*))))))) .)) (TOP (S (NP-SBJ (NP Amtech) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP provides (NP technical temporary employment services) (PP-CLR to (NP (NP (UCP aerospace , defense , computer and high-tech) companies) (PP-LOC in (NP the (ADJP Southwest and Baltimore-Washington) areas))))))) ,) (VP said (SBAR 0 (S (NP-SBJ its final audited results) (VP are (ADJP-PRD due (PP-TMP in (NP late November))))))) .)) (TOP (S (NP-SBJ The company) (VP attributed (NP the improvement) (PP-CLR to (NP (NP (NP strong demand) (PP-LOC in (NP the semiconductor equipment segment))) (CONJP as well as) (NP (NP (NP the acquisition) (PP of (NP Echelon Service Co.))) and (NP (NP the inclusion) (PP of (NP (NP (NP a full year 's) results) (PP of (NP (NP operations) (PP for (NP RTS Inc.)))) , (PP compared (PP with (NP (NP (NP seven months ') results) (PP for (NP the prior year)))))))))))) .)) (TOP (S (NP-SBJ (NP LDI Corp.) , (NP-LOC Cleveland) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP offer (NP (NP (QP $ 50 million) *U*) (PP in (NP (NP commercial paper) (VP backed (NP *) (PP by (NP-LGS lease-rental receivables))))))))))) .)) (TOP (S (NP-SBJ The program) (VP matches (NP (NP funds) (VP raised (NP *) (PP from (NP (NP the sale) (PP of (NP the commercial paper)))))) (PP-CLR with (NP (ADJP small to medium-sized) leases))) .)) (TOP (S (NP-SBJ-2 LDI) (VP termed (S (NP-SBJ the paper) `` (ADJP-PRD non-recourse financing)) , '' (S-ADV (NP-SBJ *-2) (VP meaning (SBAR that (S (NP-SBJ-1 investors) (VP would (VP be (VP repaid (NP *-1) (PP-CLR from (NP the lease receivables)) , (PP rather than (ADVP-MNR directly (PP by (NP LDI Corp)))))))))))) .)) (TOP (S (NP-SBJ LDI) (VP leases and sells (NP (UCP data-processing , telecommunications and (ADJP other high-tech)) equipment)) .)) (TOP (S-HLN (NP-SBJ SHEVARDNADZE) (VP ADMITTED (SBAR that (S (NP-SBJ Moscow) (VP violated (NP the 1972 ABM treaty))))) .)) (TOP (S (PP-LOC In (NP (NP a foreign-policy address) (PP-LOC before (NP the Soviet legislature)))) , (NP-SBJ the foreign minister) (VP (VP conceded (SBAR that (S (NP-SBJ (NP the radar station) (PP-LOC in (NP Krasnoyarsk))) (VP breached (NP the superpower Anti-Ballistic Missile treaty))))) and (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP would (VP be (VP dismantled (NP *-1)))))))) .)) (TOP (S (NP-SBJ Shevardnadze) (VP said (SBAR 0 (S (NP-SBJ it) (VP took (NP (NP Gorbachev 's) government) (NP four years) (S (NP-SBJ *) (VP to (VP determine (SBAR that (S (NP-SBJ (NP (NP the station 's) location) (PP-LOC in (NP Siberia))) (VP violated (NP the accord) , (SBAR-ADV as (S (NP-SBJ Western arms-control officials) (VP have (ADVP-TMP long) (VP contended)))))))))))))) .)) (TOP (S (NP-SBJ-1 He) (ADVP also) (VP denounced (NP (NP (NP Moscow 's) nine-year involvement) (PP in (NP (NP the war) (PP-LOC in (NP Afghanistan))))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ it) (VP involved `` (NP (NP gross violations) (PP of ... (NP (NP civil norms) and (NP ethics)))))))))) . '')) (TOP (S (NP-SBJ (NAC Secretary (PP of (NP State))) Baker) , (PP-LOC in (NP his first major arms-control speech)) , (VP called (PP-CLR for (NP (NP a new military relationship) (PP with (NP Moscow)))) (S-PRP (NP-SBJ *) (VP to (VP reduce (NP `` first strike '' nuclear arms))))) .)) (TOP (S-HLN (NP-SBJ BAY AREA COMMUTERS) (VP BATTLED (NP earthquake-related transportation snarls)) .)) (TOP (S (S (NP-SBJ Travelers) (VP (VP crowded (PP-DIR into (NP subways))) , (VP sat (PP-LOC-CLR in (NP (NP traffic jams) (PP-LOC on (NP major freeways))))) or (VP waited (PP-CLR for (NP buses)) (PP in (NP the rain))))) , but (S (NP-SBJ (NP the massive gridlock) (VP anticipated (NP *) (PP by (NP-LGS (NP officials) (PP in (NP the San Francisco Bay area)))))) (ADVP-TMP never) (VP materialized)) .)) (TOP (S (S-TPC-3 (SBAR-ADV As (S (NP-SBJ (NP the death toll) (PP from (NP (NP last week 's) temblor))) (VP climbed (PP-DIR to (NP 61))))) , (NP-SBJ (NP the condition) (PP of (NP (NP freeway survivor Buck Helm) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP spent (NP four days) (S-CLR (NP-SBJ *-2) (VP trapped (PP-LOC under (NP rubble))))))) ,))) (VP improved)) , (NP-SBJ hospital officials) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Rescue crews) , (ADVP however) , (VP gave (PRT up) (NP hope (SBAR that (S (NP-SBJ-1 others) (VP would (VP be (VP found (S (NP-SBJ *-1) (ADJP-PRD alive)) (PP-LOC under (NP the collapsed roadway))))))))) .)) (TOP (S (NP-SBJ The House Appropriations Committee) (VP approved (NP (NP a (ADJP (QP $ 2.85 billion) *U*) aid package) (PP for (NP the quake region)) , (ADJP less (PP than (NP (NP the (QP $ 3.8 billion) *U*) (VP sought (NP *) (PP by (NP-LGS California officials)))))))) .)) (TOP (S (NP-SBJ Hungary) (VP (VP declared (S (NP-SBJ itself) (NP-PRD a democracy))) and (VP (PP for (NP the first time)) (ADVP-MNR openly) commemorated (NP (NP the anniversary) (PP of (NP (NP the 1956 anti-Stalinist uprising) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP was (VP crushed (NP *-1) (PP by (NP-LGS the Soviet Union))))))))))) .)) (TOP (S (NP-SBJ (NP A crowd) (VP estimated (NP *) (PP-CLR at (NP 100,000)))) (VP held (NP (NP a torch-lit march) (PP through (NP Budapest))) (SBAR-ADV as (S (NP-SBJ Acting President Szuros) (VP delivered (NP (NP a (ADJP nationally televised) address) (VP rejecting (NP communist dominance))))))) .)) (TOP (S (S (NP-SBJ (QP About 200,000) East Germans) (VP marched (PP-LOC in (NP Leipzig)))) and (S (NP-SBJ (NP thousands) (ADJP more)) (VP staged (NP protests) (PP-LOC in (NP three other cities)) (PP-LOC in (NP (NP a fresh challenge (S *ICH*-1)) (PP to (NP the Communist leadership)) (S-1 (NP-SBJ *) (VP to (VP introduce (NP democratic freedoms)))))))) .)) (TOP (S (S-TPC-1 (PP-LOC In (NP an East Berlin suburb)) , (ADVP meanwhile) , (NP-SBJ (NP employees) (PP-LOC at (NP an electronics plant))) (VP formed (NP (NP an independent trade union) (VP called (S (NP-SBJ *) (NP-PRD Reform)))))) , (NP-SBJ a worker spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The space shuttle Atlantis) (VP landed (PP-LOC at (NP (NP a desert air strip) (PP-LOC at (NP (NP Edwards Air Force Base) , (NP Calif.) ,)))) (S-ADV (NP-SBJ *) (VP ending (NP (NP a five-day mission) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP dispatched (NP the Jupiter-bound Galileo space probe)))))))) .)) (TOP (S (NP-SBJ The five astronauts) (VP returned (PP-DIR to (NP Earth)) (ADVP-TMP (NP (QP about three) hours) early) (SBAR-PRP because (S (NP-SBJ-1 high winds) (VP had (VP been (VP predicted (NP *-1) (PP-LOC at (NP the landing site)))))))) .)) (TOP (S (NP-SBJ Fog) (VP shrouded (NP the base) (PP-TMP before (NP touchdown))) .)) (TOP (S (NP-SBJ Explosions) (VP shook (NP (NP a Phillips Petroleum Co. plastics plant) (PP-LOC near (NP (NP Pasadena) , (NP Texas) ,))) (S-ADV (NP-SBJ *) (VP (VP hurling (NP debris)) and (VP causing (NP (NP a fire) (ADJP visible (PP from (NP 10 miles away)))))))) .)) (TOP (S (S (NP-SBJ-1 (QP More than 100) people) (VP were (VP injured (NP *-1)))) , and (S (NP-SBJ (NP a number) (PP of (NP workers))) (VP were (ADJP-PRD missing))) .)) (TOP (S (NP-SBJ-1 (NP Parts) (PP of (NP the Houston Ship Channel))) (VP were (VP closed (NP *-1))) .)) (TOP (S (NP-SBJ The White House) (VP said (SBAR 0 (S (NP-SBJ-1 Bush) (VP is (VP conferring (PP-CLR with (NP (NP leaders) (PP of (NP the Senate Intelligence Committee)))) (S-PRP (NP-SBJ *-1) (VP to (VP ease (NP (NP differences) (PP over (NP (NP guidelines) (PP for (NP CIA agents))))))))))))) .)) (TOP (S (NP-SBJ The statement) (VP came (SBAR-TMP after (S (NP-SBJ officials) (VP said (SBAR 0 (S (NP-SBJ Bush) (VP complained (PP-LOC at (NP a private meeting)) (NP-TMP last week) (SBAR that (S (NP-SBJ (NP a strict interpretation) (PP of (NP a policy))) (VP requires (S (NP-SBJ the U.S.) (VP to (VP notify (NP foreign dictators) (PP-CLR of (NP certain coup plots))))))))))))))) .)) (TOP (S (NP-SBJ (NP Lebanon 's) Gen. Aoun) (VP placed (NP Christian military forces) (PP-CLR on (NP alert)) (PP in (NP (NP case) (PP of (NP (NP renewed fighting) (PP with (NP Syrian-backed Moslems)))))) (SBAR-TMP after (S (NP-SBJ (NP Lebanon 's) two main Shiite militias) (VP rejected (NP an Arab-sponsored peace accord))))) .)) (TOP (S (NP-SBJ (NP The plan) , (VP (VP approved (NP *) (PP by (NP-LGS lawmakers))) and (VP rejected (NP *) (NP-TMP Sunday) (PP by (NP-LGS Aoun)))) ,) (VP includes (NP (NP political changes) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP ending (NP the 14-year-old civil war))))))) .)) (TOP (S (NP-SBJ-1 NATO defense ministers) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP call (PP-CLR for (NP (NP a reduction) (PP in (NP (NP nuclear forces) (PP-LOC in (NP Europe)))))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP the alliance 's) nuclear planning group) (VP convenes (NP a two-day session) (NP-TMP today) (PP-LOC in (NP Portugal)) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ-1 The ministers) (VP are (S (NP-SBJ *-1) (VP to (VP reshape (NP (NP (NP NATO 's) defenses) (PP-LOC in (NP Western Europe))) (PP-LOC amid (NP (NP fast-paced changes) (PP-LOC in (NP the Soviet bloc)))))))) .)) (TOP (S (NP-SBJ-1 (NP Iran 's) President Rafsanjani) (VP (VP offered (S (NP-SBJ-2 *-1) (VP to (VP help (S (NP-SBJ *-2) (VP gain (NP freedom) (PP for (NP (NP Western hostages) (PP-LOC in (NP Lebanon)))))))))) , but (VP said (SBAR 0 (S (NP-SBJ the assistance) (VP was (ADJP-PRD contingent (PP on (NP (NP (NP U.S. aid) (PP in (S-NOM (NP-SBJ *) (VP resolving (NP (NP the cases) (PP of (NP (NP three Iranians) (VP kidnapped (NP *) (PP-LOC in (NP Lebanon)) (PP-TMP in (NP 1982)))))))))) or (NP (NP the release) (PP of (NP frozen Iranian assets))))))))))) .)) (TOP (S (NP-SBJ-1 Washington) (VP rejected (NP the bid) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ the hostages) (VP were n't (VP linked (PP-CLR to (NP other issues))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ PLO leader Arafat) (VP asked (NP-2 Egypt) (S (NP-SBJ *-2) (VP to (VP seek (NP (NP clarifications) (PP *ICH*-1)) (PP-CLR from (NP the U.S.)) (PP-1 on (NP (NP (NP (NAC Secretary (PP of (NP State))) Baker 's) plan) (PP for (NP Mideast peace talks))))))))) , (NP-SBJ (NP an aide) (PP to (NP Egyptian President Mubarak))) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ The official) (VP stressed (SBAR that (S (NP-SBJ the PLO) (VP has n't (VP rejected (NP the five-point formula)))))) .)) (TOP (S (NP-SBJ Commonwealth leaders) (VP turned (PP-CLR to (NP (NP issues) (VP ranging (PP-CLR (PP from (NP drugs)) (PP to (NP the world economy)))))) (SBAR-ADV after (S (NP-SBJ (NP Zimbabwe 's) President Mugabe) (VP called (S (NP-SBJ (NP (NP Thatcher 's) views) (PP on (NP South Africa))) `` (ADJP-PRD despicable)))))) . '')) (TOP (S (PP-LOC At (NP (NP a meeting) (PP-LOC in (NP Malaysia)))) , (NP-SBJ Australia and Canada) (ADVP also) (VP assailed (NP-1 the British prime minister) (PP for (S-NOM (NP-SBJ *-1) (VP criticizing (NP (NP the 49-nation group 's) call (SBAR for (S (NP-SBJ Pretoria) (VP to (VP ease (NP apartheid)))))))))) .)) (TOP (S (NP-SBJ CMS Enhancements Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP estimates (SBAR that (S (NP-SBJ (NP sales and earnings) (PP for (NP (NP the fiscal first quarter) (VP ended (NP *) (NP-TMP-CLR Sept. 30))))) (VP fell (ADVP-EXT somewhat) (PP-DIR from (NP-TMP the year-earlier period))))))))) .)) (TOP (S (NP-SBJ (NP Jim Farooquee) , (NP (NP chief executive officer) (PP of (NP the (NAC-LOC Tustin , Calif. ,) computer accessories supplier))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP was (ADJP-PRD `` comfortable '' (PP with (NP (NP analysts ') expectations (SBAR that (S (NP-SBJ CMS) (VP would (VP earn (NP (PP-NOM between (NP (NP six cents) and (NP eight cents))) (NP-ADV a share)) (PP-CLR on (NP (NP revenue) (PP of (NP (QP about $ 42 million) *U*))))))))))))))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (NP-SBJ CMS) (VP posted (NP (NP profit) (PP of (NP (NP (QP $ 1.1 million) *U*) , or (NP (NP 13 cents) (NP-ADV a share)) ,)) (PP on (NP (NP sales) (PP of (NP (QP $ 48 million) *U*)))))) .)) (TOP (S (NP-TMP This time) , (NP-SBJ there) (VP are (NP-PRD (NP (ADJP (NP-ADV 30 %) more) shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ Mr. Farooquee) (VP attributed (NP the decline) (PP-CLR to (NP (NP an industrywide softening) (PP of (NP (NP demand) (PP for (NP computer enhancement products))))))) .)) (TOP (S (NP-SBJ Property Capital Trust) (VP said (SBAR 0 (S (NP-SBJ it) (VP dropped (NP its plan (S (NP-SBJ *) (VP to (VP liquidate)))) (SBAR-PRP because (S (NP-SBJ-2 it) (VP was n't (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP realize (NP (NP the value) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP had (VP expected (NP *T*-1))))))))))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP (VP buy (PRT back) (NP (NP (QP two million) shares) , or (NP 18.4 %) , (PP of (NP (NP the total) (ADJP outstanding))))) , and (VP continue (NP operations) (S-MNR (NP-SBJ *-1) (VP buying and managing (NP real estate))))))))) .)) (TOP (S (NP-SBJ (NP Property Capital) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP Boston)))))) ,) (VP had (VP told (NP shareholders) (SBAR 0 (S (NP-SBJ-3 it) (VP expected (S (NP-SBJ *-3) (VP to (VP distribute (NP (NP (NP (QP at least $ 21) *U*) (NP-ADV a share)) , or (NP (QP $ 229 million) *U*) ,) (PP-LOC in (NP a liquidation))))) , (PP based (PP on (NP (NP an expected asset sale price) (PP of (NP (QP $ 290 million or more) *U*)))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP did n't (VP receive (NP (NP an offer) (SBAR (WHNP-1 0) (S (NP-SBJ-2 it) (VP wanted (S (NP-SBJ *-2) (VP to (VP accept (NP *T*-1))))))))))))) .)) (TOP (S (S-TPC-2 (PP As (NP (NP a result) (PP of (S-NOM (NP-SBJ *) (VP dropping (NP the liquidation plan)))))) , (NP-SBJ-1 shareholders) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP treat (NP (NP dividends) (VP received (NP *) (NP-TMP this year))) (PP-CLR (PP as (NP (NP ordinary income) or (NP capital gains))) (CONJP rather than) (PP as (NP (NP tax free returns) (PP of (NP capital))))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 The share repurchase) (VP will (VP be (VP funded (NP *-1) (PP-MNR (ADVP mostly) from (NP borrowings))))) .)) (TOP (S (NP-SBJ A.H. Belo Corp.) (VP said (SBAR 0 (S (NP-SBJ its net income) (VP was (NP-PRD (NP (NP (NP (QP $ 3.1 million) *U*) , or (NP (NP 15 cents) (NP-ADV a share))) , (PP-TMP in (NP the third quarter)) ,) (NP (NP (QP more than four times) its profit) (PP of (NP (NP $ 663,000 *U*) , or (NP (NP three cents) (NP-ADV a share)))) , (NP-TMP last year))))))) .)) (TOP (SINV (VP-TPC-2 Included (PP-LOC in (NP the results))) (VP was (VP *T*-2)) (NP-SBJ (NP an adjustment) (PP to (NP (NP (NP the Dallas-based company 's) tax rate) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP reduced (NP net income) (PP-EXT by (NP (NP (NP (QP about 10) cents) (NP-ADV a share)) , or (NP (QP approximately $ 2 million) *U*))))))))) .)) (TOP (S (NP-SBJ Belo) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP increased (NP its effective tax rate) (PP-DIR to (NP 52 %)) (PP-DIR from (NP 47 %)) (S-PRP (NP-SBJ *-1) (VP to (VP account (PP-CLR for (NP (NP potential liabilities) (VP related (NP *) (PP-CLR to (NP (NP an Internal Revenue Service investigation) (PP of (NP its tax returns))))))) (PP for (NP (NP the years) (NP (NP 1984) (PP through (NP 1988)))))))))))) .)) (TOP (S (NP-SBJ The newspaper and television owner) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ the tax adjustment) (VP to (VP reduce (NP (NP its net income) (PP for (NP the full year))) (PP-EXT by (NP (NP (NP 14 cents) , or (NP (QP approximately $ 2.8 million) *U*)))) (PP based (PP on (NP (NP its (QP 20.2 million) shares) (ADJP outstanding))))))))))) .)) (TOP (S (PP For (NP the third quarter)) , (NP-SBJ Belo) (VP said (SBAR 0 (S (NP-SBJ its revenue) (VP increased (NP-EXT 11 %) , (PP-DIR to (NP (QP $ 101.5 million) *U*)) (PP-DIR from (NP (QP $ 91.2 million) *U*) (NP-TMP last year)))))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ the company) (VP had (NP (NP net income) (PP of (NP (NP (QP $ 15.1 million) *U*) , or (NP (NP 74 cents) (NP-ADV a share)))) , (ADVP up (NP 98 %) (PP from (NP (NP (QP $ 7.6 million) *U*) , or (NP (NP 38 cents) (NP-ADV a share))) (NP-TMP last year))))) .)) (TOP (S (NP-SBJ Revenue) (VP grew (NP-EXT (QP almost 8) %) (PP-DIR to (NP (QP $ 301.9 million) *U*)) (PP-DIR from (NP (QP $ 279.8 million) *U*) (NP-TMP last year))) .)) (TOP (S (NP-SBJ A federal judge) (VP granted (NP (NP a temporary stay) (PP of (NP (NP the California Student Aid Commission 's) emergency action (S (NP-SBJ-1 *) (VP to (VP stop (S (NP-SBJ *-1) (VP guaranteeing (NP (NP loans) (PP for (NP (NP National Technical Schools) , (NP (NP a unit) (PP of (NP United Education & Software Inc))))))))))))))) .)) (TOP (S (S (NP-SBJ The California Student Aid Commission) (VP took (NP the action) (NP-TMP Oct. 15) (SBAR-TMP after (S (NP-SBJ a government audit) (VP cited (NP-1 National Technical Schools) (PP-CLR for (S-NOM (NP-SBJ *-1) (VP (VP having (NP (NP courses) (ADJP too short (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP be (ADJP-PRD eligible (PP for (NP the educational loan program)))))))))) and (VP having (NP (NP a student drop-out rate) (PP (ADVP far) in (NP (NP excess) (PP of (NP federal standards)))))))))))))) , and (S (NP-SBJ it) (VP alleged (NP (NP other serious violations) (PP of (NP law and regulations))))) .)) (TOP (S (NP-SBJ (NP United Education & Software) , (NP a Los Angeles education services company) ,) (VP called (S (NP-SBJ (NP the commission 's) action) `` (ADJP-PRD precipitous and unwarranted))) . '')) (TOP (S (NP-SBJ The court) (VP set (NP (NP a hearing) (PP on (NP the emergency action))) (PP-CLR for (NP Oct. 30))) .)) (TOP (S (NP-SBJ United Education & Software) (VP posted (NP a (ADJP $ 250,000 *U*) bond) (PP against (NP (NP potential losses) (PP (PP to (NP the student aid commission)) and (PP to (NP taxpayers))) (PP in (S-NOM (NP-SBJ *) (VP guaranteeing (NP (NP any more loans) (PP for (NP National Technical Schools students))) (ADVP-TMP prior (PP to (NP the hearing))))))))) .)) (TOP (S (NP-SBJ (NP A decline) (PP-LOC in (NP (NP Allied-Signal Inc. 's) automotive business))) (VP contributed (PP-CLR to (NP (NP (NP flat sales) and (NP (ADJP only slightly higher) earnings)) (PP-TMP in (NP the third quarter))))) .)) (TOP (S (NP-SBJ Allied-Signal) (VP reported (SBAR that (S (NP-SBJ net) (VP rose (NP-EXT 1.7 %) (PP-DIR to (NP (NP (QP $ 121 million) *U*) , or (NP (NP 81 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 119 million) *U*) , or (NP (NP 80 cents) (NP-ADV a share))) , (NP-TMP the year earlier)))))) .)) (TOP (S (NP-SBJ Sales) (VP slipped (NP-EXT 1.3 %) (PP-DIR to (NP (QP $ 2.82 billion) *U*)) (PP-DIR from (NP (QP $ 2.86 billion) *U*))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ (NP the (ADJP Morris Township , N.J.-based) company) , (PP with (NP (NP businesses) (PP in (NP (NP aerospace) , (NP automotive products) and (NP engineered materials))))) ,) (VP earned (NP (NP (NP (QP $ 413 million) *U*) , or (NP (NP $ 2.77 *U* cents) (NP-ADV a share))) , (ADVP up (NP 15 %) (PP from (NP (NP (QP $ 359 million) *U*) , or (NP (NP $ 2.40 *U*) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ Sales) (VP eased (NP-EXT 0.2 %) (PP-DIR to (NP (QP $ 8.88 billion) *U*)) (PP-DIR from (NP (QP $ 8.90 billion) *U*))) .)) (TOP (S (NP-SBJ Chairman Edward L. Hennessy Jr.) (VP said (SBAR that (S (NP-SBJ (NP a drop) (PP in (NP (NP sales) (PP of (NP auto and truck parts))))) (VP contributed (PP-CLR to (NP (NP lower earnings) (PP-LOC in (NP the automotive unit)))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP cited (NP (NP unfavorable foreign-exchange rates) and (NP a lower tax rate))) .)) (TOP (S (NP-SBJ (NP Earnings) (PP for (NP the group))) (VP declined (PP-DIR to (NP (QP $ 11 million) *U*)) (PP-DIR from (NP (QP $ 33 million) *U*) (NP-TMP last year))) .)) (TOP (S (NP-SBJ (NP Earnings) (PP-LOC at (NP (NP Allied-Signal 's) aerospace business))) (VP rose (PP-DIR to (NP (QP $ 55 million) *U*)) (PP-DIR from (NP (QP $ 41 million) *U*) (ADVP-TMP (NP a year) ago)) , (PP (ADVP primarily) on (NP (NP higher sales and profit) (PP in (NP its (NX (NX engines) and (NX auxiliary power units))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Allied-Signal shares) (VP closed (PP-CLR at (NP $ 35.125 *U*)) , (ADVP off (NP 87.5 cents))) .)) (TOP (S (NP-SBJ The National Highway Traffic Safety Administration) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP will (VP start (S (NP-SBJ *-2) (VP enforcing (NP (NP stiffer regulations) (PP *ICH*-1)))) (NP-TMP-CLR Jan. 31) (PP-1 for (NP (NP (ADJP so-called gray-market) imports) (PP of (NP vehicles))))))))) .)) (TOP (S (NP-SBJ (NP The regulations) , (VP required (NP *) (PP-LOC under (NP (NP legislation) (VP enacted (NP *) (PP by (NP-LGS Congress)) (NP-TMP last year))))) ,) (VP will (VP apply (PP-CLR to (NP (NP imports) (PP of (NP (NP vehicles) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP (VP were n't (VP built (NP-3 *-2) (S-PRP-CLR (NP-SBJ *-3) (VP to (VP meet (NP U.S. government auto safety standards)))))) and (VP were (VP intended (PP-CLR for (NP (NP use) (UCP-LOC (PP in (NP Europe)) or (ADVP elsewhere abroad))))))))))))))) .)) (TOP (S (NP-SBJ U.S. officials) (VP estimated (SBAR that (S (NP-SBJ gray-market imports) (VP total (NP (NP (NP (QP about 2,100) units) (NP-ADV a year)) , (NP (NP a small part) (PP of (NP (NP the (QP more than three million) vehicles) (VP exported (NP *) (PP-DIR to (NP the U.S.)) (NP-TMP each year)))))))))) .)) (TOP (S (PP According (PP to (NP the NHTSA))) , (NP-SBJ the new regulations) (VP will (VP prohibit (NP-4 (NP anyone) (ADJP other (PP than (NP (NP (NP an importer) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP registered (PP-CLR with (NP the U.S. government))))))) , or (NP (NP a person) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP has (NP (NP a contract) (PP with (NP a registered importer))))))) ,)))) (PP-CLR from (S-NOM (NP-SBJ *-4) (ADVP permanently) (VP importing (NP (NP a vehicle) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP does n't (VP meet (NP the U.S. auto safety standards))))))))))) .)) (TOP (S (NP-SBJ-1 The registered importer) (VP would (VP be (VP required (S (NP-SBJ *-1) (VP to (VP bring (NP such vehicles) (PP-CLR into (NP (NP compliance) (PP with (NP the U.S. safety standards))))))) , (PP compared (PP with (NP (NP the current situation) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ anyone) (VP can (VP (VP bring (PRT in) (NP such vehicles)) and (VP modify (NP-3 them) (S-CLR (NP-SBJ *-3) (VP to (VP meet (NP the U.S. standards))))) (PP-LOC *T*-2))))))))))) .)) (TOP (S (NP-SBJ Congress) (VP tightened (NP (NP auto safety standards) (PP for (NP gray-market imports))) (SBAR-TMP after (S (NP-SBJ (NP U.S. auto dealers) , (PP including (NP franchised foreign-car dealers)) ,) (VP complained (SBAR that (S (NP-SBJ-1 they) (ADVP often) (VP were (VP blamed (NP *-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP the second and third buyers) (PP of (NP such vehicles))) (VP found (SBAR that (S (NP-SBJ the cars) (VP could n't (VP meet (NP U.S. auto safety standards))))) (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ Legent Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP net income) (PP (PP between (NP (NP (QP $ 6.4 million) *U*) and (NP (QP $ 6.9 million) *U*))) , or (PP between (NP (NP (NP 32 cents) and (NP 34 cents)) (NP-ADV a share))) ,)) (PP for (NP (NP its fourth quarter) (VP ended (NP *) (NP-TMP-CLR Sept. 30))))))))))) .)) (TOP (S (PP-TMP In (NP the year-ago quarter)) , (NP-SBJ the software developer) (VP reported (NP (NP pro forma earnings) (PP of (NP (NP (QP $ 4.8 million) *U*) , or (NP (NP 24 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ (ADJP Vienna , Va.-based) Legent) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP post (NP (NP revenue) (PP for (NP the quarter)) (PP of (NP (QP more than $ 31 million) *U*)) , (PP compared (PP with (NP (NP pro forma revenue) (PP of (NP (QP $ 25.2 million) *U*)) (PP-TMP in (NP 1988))))))))))))) .)) (TOP (S (PP For (NP the fiscal year)) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP anticipates (S (NP-SBJ *-2) (VP reporting (NP (NP earnings) (PP of (NP (NP (QP $ 23 million) *U*) , or (NP (NP about $ 1.15 *U*) (NP-ADV a share)) ,)) (PP including (NP (NP a charge) (PP of (NP (NP (QP about $ 5.9 million) *U*) , or (NP (NP 22 cents) (NP-ADV a share)) ,)) (VP related (NP *) (PP-CLR to (NP (NP the merger) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP created (NP Legent) (PP-CLR out (PP of (NP (NP Duquesne Systems Inc.) and (NP Morino Inc.)))) (PP-TMP in (NP March 1989))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Revenue) (PP for (NP fiscal 1989))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP exceed (NP (QP $ 124 million) *U*)))))) .)) (TOP (S (NP-SBJ (NP Pro forma earnings) (PP for (NP fiscal 1988))) (VP were (NP-PRD (NP (QP $ 19.6 million) *U*) , or (NP (NP 99 cents) (NP-ADV a share)) ,) (PP on (NP (NP revenue) (PP of (NP (QP $ 97.2 million) *U*))))) .)) (TOP (S (NP-SBJ The company) (VP attributed (NP (NP much) (PP of (NP (NP the growth) (PP-LOC in (NP earnings))))) (PP-CLR to (NP (NP increased demand) (PP for (NP its systems productivity software))))) .)) (TOP (S (NP-SBJ Archive Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP net income) (PP for (NP (NP its fiscal year) (VP ended (NP *) (NP-TMP-CLR Sept. 29)))) (PP of (NP (NP a record (QP $ 15 million) *U*) , or (NP (NP $ 1.15 *U*) (NP-ADV a share)) ,)) (ADVP up (NP 43 %) (PP from (NP (NP (QP $ 10.5 million) *U*) , or (NP (NP 80 cents) (NP-ADV a share)) , (PP for (NP the prior year))))))))))))) .)) (TOP (S (NP-SBJ (NP The (NAC-LOC Costa Mesa , Calif. ,) maker) (PP of (NP computer tape drives))) (ADVP also) (VP projected (NP (NP record revenue) (PP for (NP the year)) (PP of (NP (QP $ 181 million) *U*)) , (ADVP up (PP from (NP (NP (QP $ 122.7 million) *U*) (PP for (NP the previous year))))))) .)) (TOP (S (NP-SBJ Archive) (VP attributed (NP the gains) (PP-CLR to (NP (NP (NP strong demand) (PP for (NP its products))) , (NP (NP continued growth) (PP of (NP the reseller market))) and (NP (NP the acquisition) (PP of (NP Maynard Electronics)) (PP-TMP in (NP February)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP accounted (PP for (NP (NP (QP about 14) %) (PP of (NP (NP the company 's) revenue))))))))))) .)) (TOP (S (NP-SBJ Detrex Corp.) (VP said (SBAR 0 (S (NP-SBJ (NP a reserve) (SBAR (WHNP-1 0) (S (NP-SBJ-2 it) (VP is (VP establishing (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP cover (NP (NP expected pollution cleanup costs) (PP-LOC at (NP an Ohio plant))))))))))) (VP reduced (NP its third-quarter net income) (PP-EXT by (NP (QP $ 1.9 million) *U*)))))) .)) (TOP (S (NP-SBJ-2 (NP Detrex) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP annual sales) (PP of (NP (QP about $ 100 million) *U*)))))) ,) (VP declined (S (NP-SBJ *-2) (VP to (VP say (SBAR if (S (NP-SBJ it) (VP would (VP post (NP a loss) (PP-TMP in (NP the third quarter)))))))))) .)) (TOP (S (NP-SBJ The (ADJP Southfield , Mich.-based) company) (VP earned (NP $ 774,000 *U*) (PP-TMP in (NP the quarter)) (NP-TMP last year)) .)) (TOP (S (NP-SBJ Detrex) (VP (VP is (VP setting (PRT aside) (NP (QP $ 3.1 million) *U*) (PP-PRP for (NP the cleanup)))) , but (VP said (SBAR 0 (S (NP-SBJ the reserve) (VP reduced (NP its quarterly income) (PP-EXT by (NP (QP only $ 1.9 million) *U*)) (PP-PRP because of (NP tax considerations))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the manufacturer) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP (NP a consent decree) (PP with (NP Ohio)) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP build (NP a (ADJP (QP $ 1.4 million) *U*) pollution-control facility) (PP-LOC at (NP the Ashtabula chemical manufacturing plant)) (PP-TMP by (NP Aug. 1 , 1990)) (ADVP *T*-1)))))))))) .)) (TOP (S (NP-SBJ Detrex) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (NP-PRD (NP one) (PP of (NP (NP (QP at least 17) companies) (VP notified (NP *) (PP by (NP-LGS the Environmental Protection Agency)) (SBAR that (S (NP-SBJ they) (VP may (VP be (ADJP-PRD potentially responsible (PP for (S-NOM (NP-SBJ *) (VP cleaning (PRT up) (NP (NP the Fields Brook watershed) (PP near (NP (NP Detrex 's) Ashtabula plant))) (PP-MNR at (NP (NP a total cost) (SBAR (WHNP-1 0) (S (NP-SBJ the EPA) (VP estimates (NP *T*-1) (PP-CLR at (NP (NP (QP $ 48 million) *U*) -- (NP (NP a figure) (SBAR (WHNP-2 0) (S (NP-SBJ Detrex) (VP said (SBAR 0 (S (NP-SBJ the companies) (VP dispute (NP *T*-2))))))))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ First Executive Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (QP about 96) %) (PP of (NP the rights (S (NP-SBJ *) (VP to (VP purchase (NP its depositary shares and warrants))))))) (VP have (VP been (VP exercised (NP *-1))))))) .)) (TOP (S (S-TPC-3 (PP-TPC-2 Of (NP (NP the (QP 17.6 million) rights units) (VP issued (NP *)))) , (NP-SBJ-1 (NP (QP just under 17 million)) (PP *T*-2)) (VP were (VP exercised (NP *-1) (PP-TMP before (NP (NP the Oct. 10 expiration) (PP of (NP the offering))))))) , (NP-SBJ the insurance holding company) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-1 Remaining units) (VP will (VP be (VP sold (NP *-1) (PP-DTV to (NP (NP the underwriters) , (NP (NP Drexel Burnham Lambert Inc.) and (NP Kidder , Peabody & Co.)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP will (ADVP also) (VP purchase (NP (NP an over-allotment) (PP of (NP (QP 2.3 million) additional units)))))))))))) .)) (TOP (S (NP-SBJ First Executive) (VP said (SBAR 0 (S (NP-SBJ the offering) (VP will (VP raise (NP (NP (QP about $ 299 million) *U*) (PRN -- (PP minus (NP (NP underwriting fees) and (NP other expenses))) --) (SBAR (WHNP-1 that) (S (NP-SBJ-2 the company) (VP plans (S (NP-SBJ-3 *-2) (VP to (VP use (NP *T*-1) (S-CLR (NP-SBJ *-3) (VP to (VP write (NP new life insurance and annuity business)))))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ analysts) (VP have (VP viewed (NP the rights offering) (PP-CLR as (NP (NP a takeover defense) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP prospectively) (VP balloons (NP (NP the number) (PP of (NP (NP shares) (ADJP outstanding))))))))))) .)) (TOP (S (NP-SBJ (NP Each) (PP of (NP the units))) (VP consists (PP-CLR of (NP (NP (NP two warrants) , (SBAR (WHNP-1 (NP each) (WHPP of (WHNP which))) (S (NP-SBJ-2 *T*-1) (VP could (VP be (VP used (NP *-2) (S-CLR (NP-SBJ *) (VP to (VP purchase (NP (NP a half-share) (PP of (NP common stock))))))))))) ,) and (NP one depositary preference share)))) .)) (TOP (S (NP-SBJ Depositary shares) (VP are (ADJP-PRD convertible (PP into (NP common stock)) (PP on (NP a 1-to-1 basis)))) .)) (TOP (S (ADVP-TMP Currently) , (NP-SBJ the company) (VP has (NP (NP (QP about 88.1 million) common shares) (ADJP outstanding))) .)) (TOP (S (PP-LOC In (NP over-the-counter trading)) (NP-TMP Monday) , (NP-SBJ the stock) (VP closed (PP-CLR at (NP $ 10.625 *U*)) , (ADVP off (NP 37.5 cents))) .)) (TOP (S (NP-SBJ-1 (NP UNITED AIR 'S) PARENT) (VP quashed (NP (NP any prospects) (PP for (NP (NP an immediate revival) (PP of (NP the labor-management buy-out))))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ UAL) (VP should (VP remain (ADJP-PRD independent) (PP-TMP for (NP now))))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ-1 UAL Chairman Stephen Wolf) (VP pulled (PP-CLR out (PP of (NP the buy-out effort))) (S-PRP (NP-SBJ-2 *-1) (VP to (VP focus (PP-CLR on (S-NOM (NP-SBJ *-2) (VP running (NP the company)))))))) .)) (TOP (S (NP-SBJ The two developments) (VP leave (NP the airline) (PP-CLR with (NP (NP several problems) , (PP including (NP an unsettled labor situation))))) .)) (TOP (S (S (NP-SBJ Stock prices) (VP fell)) and (S (NP-SBJ bonds) (VP rose)) (SBAR-TMP as (S (NP-SBJ (NP worries) (PP *ICH*-1)) (VP mounted (PP-1 about (NP (NP the economy) and (NP the junk bond market)))))) .)) (TOP (S (NP-SBJ The Dow Jones industrials) (VP sank (NP-EXT 26.23 points) , (PP-DIR to (NP 2662.91))) .)) (TOP (S (NP-SBJ The dollar) (ADVP also) (VP declined) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The turmoil) (PP-LOC in (NP junk bonds))) (VP may (VP last (PP-TMP for (NP years))))) , (NP-SBJ investors and traders) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Even Drexel) (VP is (VP pulling (PRT back))) .)) (TOP (S (NP-SBJ-1 Santa Fe Pacific) (VP plans (S (NP-SBJ *-1) (VP to (VP (VP sell (NP (NP 20 %) (PP of (NP its large real estate unit))) (PP-CLR to (NP a California pension fund)) (PP-CLR for (NP (QP $ 400 million) *U*))) and (VP spin (NP the rest) (PRT off) (PP-CLR to (NP shareholders))))))) .)) (TOP (S (NP-SBJ The proposal) (VP values (NP (NP the company 's) real estate operation) (PP-CLR at (NP (QP $ 2 billion) *U*))) .)) (TOP (S (NP-SBJ Time Warner) (VP reported (NP (NP a (ADJP (QP $ 176 million) *U*) loss) (PP for (NP the third quarter))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP (NP the cost) (PP of (NP the recent merger))) and (NP (NP a method) (PP of (S-NOM (NP-SBJ *) (VP accounting (PP-CLR for (NP the deal)))))))))) .)) (TOP (S (NP-SBJ-1 Thrifts) (VP continued (S (NP-SBJ *-1) (VP to (VP shed (NP assets) (PP-TMP in (NP August))))) , (S-PRP (ADVP mainly) (NP-SBJ *-1) (VP to (VP comply (PP-CLR with (NP (NP stiffer capital rules) (PP-LOC under (NP the S&L bailout law)))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ withdrawals) (VP exceeded (NP deposits) (PP-EXT by (NP (QP $ 5.1 billion) *U*)) (PP-TMP in (NP the month))) .)) (TOP (S (NP-SBJ-1 (NP Exxon 's) profit) (VP fell (NP-EXT 9 %) (PP-TMP in (NP the third quarter)) , (S-ADV (NP-SBJ-2 *-1) (VP hurt (NP *-2) (PP by (NP-LGS (NP sagging results) (PP at (NP (NP two) (PP of (NP its three main businesses))))))))) .)) (TOP (S (NP-SBJ Phillips and Arco) (VP posted (NP declines)) .)) (TOP (S (NP-SBJ Ashland) (VP had (NP a loss)) .)) (TOP (S (NP-SBJ (NP Amerada Hess) and (NP Occidental Petroleum)) (VP had (NP gains)) .)) (TOP (S (NP-SBJ-1 (NP (NP Ogilvy 's) chairman) , (NP Kenneth Roman) ,) (VP is (VP leaving (S-PRP-CLR (NP-SBJ *-1) (VP to (VP take (NP (NP a top post) (PP-LOC at (NP American Express)))))))) .)) (TOP (S (NP-SBJ His resignation) (VP follows (NP (NP a hostile takeover) (PP of (NP the ad agency)) (PP-TMP in (NP May)) (PP by (NP (NP WPP) (PP of (NP Britain)))))) .)) (TOP (S (NP-SBJ The Justice Department) (VP took (NP (NP steps) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP restrict (NP (NP the use) (PP by (NP prosecutors)) (PP of (NP criminal racketeering charges)) (PP against (NP white-collar defendants))))))))) .)) (TOP (S (NP-SBJ-1 Shearson) (VP was (VP sued (NP *-1) (PP by (NP-LGS (NP money manager George Soros) , (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP claimed (SBAR 0 (S (NP-SBJ-2 (NP one) (PP of (NP his funds))) (VP was (VP defrauded (NP *-2) (PP out (PP of (NP (QP $ 60 million) *U*))) (PP-TMP during (NP stock-index futures trading)) (PP-TMP just after (NP the 1987 crash))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Drexel 's) efforts (S (NP-SBJ *) (VP to (VP settle (NP its legal troubles))))) (VP are (VP being (VP resisted (NP *-1) (PP by (NP-LGS (QP at least 10) states))))) .)) (TOP (S (NP-SBJ-1 Some) (VP may (VP try (S (NP-SBJ *-1) (VP to (VP revoke (NP (NP the firm 's) license (S (NP-SBJ *) (VP to (VP sell (NP securities)))))))))) .)) (TOP (S (NP-SBJ-1 Prime Computer) (VP plans (S (NP-SBJ *-1) (VP to (VP dismiss (NP (NP 20 %) (PP of (NP its work force)))))) (S-PRP (NP-SBJ *-1) (VP to (VP cut (NP costs) (PP-TMP following (NP its recent leveraged buy-out)))))) .)) (TOP (S (NP-SBJ The action) (VP renews (NP (NP concern) (PP about (NP (NP buyouts) (PP-LOC in (NP high-tech industries)))))) .)) (TOP (S (NP-SBJ Paribas) (VP (VP plans (NP (NP a bid) (PP for (NP (NP another big French (ADJP financial and industrial) firm) , (NP Navigation Mixte) ,)))) (NP a sign (SBAR 0 (S (NP-SBJ (NP Europe 's) takeover fever) (VP has n't (VP cooled)))))) .)) (TOP (S (NP-SBJ Qintex Australia) (VP unveiled (NP plans (S (NP-SBJ-1 *) (VP to (VP restructure and sell (NP assets) (S-TMP (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP ease (NP its financial problems)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Union Carbide 's) earnings) (VP plunged (NP-EXT 35 %) (PP-TMP in (NP the third quarter)) , (S-ADV (NP-SBJ *-1) (VP reflecting (NP (NP weakness) (PP-LOC in (NP (NP the company 's) core chemicals and plastics businesses)))))) .)) (TOP (S (NP-SBJ (NP Japan 's) Daiwa Securities) (VP named (S (NP-SBJ Masahiro Dozen) (NP-PRD president))) .)) (TOP (S (NP-SBJ (NP The rapid advance) (PP of (NP the 52-year-old executive))) (VP surprised (NP (NP many) (PP-LOC at (NP the company)))) .)) (TOP (NP-HLN Markets --)) (TOP (NP (NP (NP Stocks) : (NP (NP Volume) (NP 135,860,000 shares))) .)) (TOP (NP (NP (NP Dow Jones industrials) (NP (NP 2662.91) , (ADVP off (NP 26.23)))) ; (NP (NP transportation) (NP (NP 1236.66) , (ADVP up (NP 5.86)))) ; (NP (NP utilities) (NP (NP 215.35) , (ADVP off (NP 0.13)))) .)) (TOP (NP (NP Bonds) : (NP (NP Shearson Lehman Hutton Treasury index) (NP (NP 3411.08) , (ADVP up))))) (TOP (NP (NP Commodities) : (NP (NP (NP Dow Jones futures index) (NP (NP 129.49) , (ADVP off (NP 0.13)))) ; (NP (NP spot index) (NP (NP 131.64) , (ADVP up (NP 0.30))))) .)) (TOP (NP (NP Dollar) : (NP (NP (NP 141.90 yen) , (ADVP off (NP 0.53))) ; (NP (NP 1.8470 marks) , (ADVP off (NP 0.0108)))) .)) (TOP (S (NP-SBJ The Justice Department) (VP has (VP (VP revised (NP certain internal guidelines)) and (VP clarified (NP others)) (PP-LOC in (NP (NP a move) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP restrict (NP (NP the use) (PP of (NP criminal racketeering charges)) (PP against (NP white-collar defendants))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The most significant changes) (PP in (NP department policy))) (VP are (NP-PRD new requirements (SBAR that (S (NP-SBJ-1 federal prosecutors) (VP avoid (S (NP-SBJ *-1) (VP disrupting (NP `` (NP the normal business functions) '' (PP of (NP (NP companies) (VP charged (NP *) (PP-LOC under (NP the racketeering law)))))))))))))) , (NP-SBJ a senior department official) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Another important revision) (PP of (NP department policy))) (VP is (NP-PRD (NP a new guideline) (VP warning (S (NP-SBJ prosecutors) `` not (VP to (VP take (NP (NP steps) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP harm (NP innocent third parties) '' (PP-LOC in (NP (NP a case) (VP brought (NP *) (PP-LOC under (NP the racketeering law))))))))))))))))) , (NP-SBJ (NP the official) , (NP David Runkel) ,) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ The department) (VP distributed (NP the revisions and clarifications) (PP-CLR to (NP (NP U.S. attorneys) (PP-LOC around (NP the country)))) (NP-TMP this summer) (PP-MNR as (NP (NP part) (PP of (NP (NP a routine process) (PP of (S-NOM (NP-SBJ *) (VP updating (NP prosecutorial guidelines)))))))))) , (NP-SBJ Mr. Runkel) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The changes) (VP apply (PP-CLR to (NP (NP prosecutions) (VP brought (NP *) (PP-LOC under (NP the Racketeer Influenced and Corrupt Organizations law)))))) .)) (TOP (S (PP-LOC Under (NP that law)) , (NP-SBJ-2 (NP defendants) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP allegedly) (VP commit (NP (NP a pattern) (PP of (NP crimes))) (PP-MNR by (NP (NP means) (PP of (NP a `` criminal enterprise '')))))))) (VP may (VP be (VP (VP charged (NP *-2) (PP-CLR with (NP racketeering))) and (VP forced (S (NP-SBJ *-2) (VP to (VP forfeit (NP (NP the proceeds) (PP of (NP the enterprise)))))))))) .)) (TOP (S (NP-SBJ The RICO law) (VP has (VP come (PP-CLR under (NP (NP criticism) (PP from (NP some defendants and defense lawyers)))))) .)) (TOP (S (NP-SBJ They) (VP argue (SBAR that (S (NP-SBJ-1 (NP the rights) (PP of (NP (NP RICO defendants) and (NP (NP third parties) (VP not named (NP *) (PP-LOC in (NP RICO indictments))))))) (VP have (VP been (ADVP-MNR unfairly) (VP damaged (NP *-1))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP (NP The department 's) (ADJP most significant) clarification) (PP of (NP existing RICO policy))) (VP is (NP-PRD (NP a directive (SBAR *ICH*-1)) (PP to (NP prosecutors)) (SBAR-1 that (S (NP-SBJ-2 they) (VP should (VP seek (S (NP-SBJ *-2) (VP to (VP seize (NP assets) (PP-CLR from (NP defendants)) `` (PP in (NP (NP proportion) '' (PP to (NP (NP the nature) (PP of (NP the alleged offense)))))))))))))))) , (NP-SBJ Mr. Runkel) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ That) (VP means (SBAR that (S (SBAR-ADV if (S (NP-SBJ the offense) (VP deals (PP-CLR with (NP (NP one part) (PP of (NP the business))))))) , (S (NP-SBJ-1 you) (VP do n't (VP attempt (S (NP-SBJ *-1) (VP to (VP seize (NP the whole business))))))) ; (S (NP-SBJ-2 you) (VP attempt (S (NP-SBJ *-2) (VP to (VP seize (NP (NP assets) (VP related (NP *) (PP-CLR to (NP the crime))))))))))))) , '' (NP-SBJ he) (VP explained (S *T*-3)) .)) (TOP (S (S-TPC-1 (PP In (ADJP general)) , (NP-SBJ (NP the thrust) (PP of (NP (NP the department 's) directive))) (VP is (S-PRD (NP-SBJ *) (VP to (VP encourage (S (NP-SBJ prosecutors) (VP to (VP limit (NP pretrial asset seizures) (SBAR-ADV if (S (NP-SBJ there) (VP are (NP-PRD (NP (ADJP less intrusive) means) (PP of (S-NOM (NP-SBJ *) (VP protecting (NP (NP assets) (SBAR (WHNP-2 0) (S (NP-SBJ-3 the government) (VP may (ADVP subsequently) (VP be (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP seize (NP *T*-2))))) (PP-TMP after (NP a conviction)))))))))))))))))))))) , (NP-SBJ Mr. Runkel) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP the kind) (PP of (NP (NP snubbing) (VP (ADVP-TMP rarely) seen (PP-LOC (PP within (NP the Congress)) , (ADVP let alone) (PP within (NP the same party)))))))) .)) (TOP (S (NP-SBJ Sen. Alan Cranston) (VP (VP trekked (PRT over) (PP-DIR to (NP (NP the House side) (PP of (NP Capitol Hill)))) (ADVP-TMP (NP a few days) ago)) and (VP volunteered (NP his testimony) (PP-CLR to (NP fellow Democrat Rep. Henry Gonzalez)))) .)) (TOP (S (NP-SBJ-1 It) (VP was (VP offered (NP *-1) (PP-MNR as (NP (NP an expression) (PP of (NP cooperation)))) (PP-CLR to (NP (NP Mr. Gonzalez) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP is (VP investigating (NP (NP the (ADJP (QP $ 2.5 billion) *U*) failure) (PP of (NP Lincoln Savings & Loan Association))))))))))) .)) (TOP (S But (PP instead of (NP thanks)) , (NP-SBJ-1 Sen. Cranston) (VP was (VP treated (NP *-1) (PP-MNR with (NP cool formality)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Every witness) (VP receives (NP a formal subpoena))) , '' (NP-SBJ Rep. Gonzalez) (VP told (NP him) (S *T*-1)) .)) (TOP (SINV (ADVP-TMP Seldom) have (NP-SBJ House hearings) (VP caused (NP (ADJP so much) apprehension) (PP-LOC in (NP (NP the Senate) , (SBAR (WHADVP-1 where) (S (NP-SBJ (NP California Sen. Cranston) and (NP four other senators)) (VP were (ADVP already) (VP writhing (PP in (NP (NP the glare) (PP of (NP (NP unfavorable publicity) (PP over (NP (NP the alleged looting) (PP of (NP Lincoln)) (PP by (NP (NP their (NX (NX friend) and (NX political benefactor))) , (NP (NP Charles Keating Jr.) , (NP (NP principal stockholder) (PP of (NP (NP (NP Lincoln 's) parent company) , (NP (NP American Continental Corp.) (PP of (NP (NP Phoenix) , (NP Ariz)))))))))))))))) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (PP-TMP At (NP (NP the first day) (PP of (NP (NP the House Banking Committee 's) hearings)))) (NP-TMP last week) , (NP-SBJ (NP William Seidman) , (NP (NP chairman) (PP of (NP (NP the Resolution Trust Corp.) , (NP (NP the federal agency) (VP created (NP *) (S-PRP (NP-SBJ *) (VP to (VP sell (NP sick thrifts)))))) ,)))) (VP said (SBAR 0 (S (NP-SBJ the agency) (VP is (VP investigating (SBAR whether (S (NP-SBJ Lincoln) (VP made (NP illegal political contributions))))))))) .)) (TOP (S (NP-SBJ Mr. Keating) (VP arranged (NP (NP (NP (QP nearly $ 1 million) *U*) (PP in (NP (NP donations) (PP to (NP (NP Sen. Cranston) and (NP his various political causes)))))) , and (NP (NP (QP hundreds of thousands)) (ADJP more) (PP to (NP other lawmakers))))) .)) (TOP (S (NP-SBJ Future witnesses) (VP include (NP (NP a former federal S&L regulator) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP accused (NP-2 the five senators) (PP-CLR of (S-NOM (NP-SBJ-3 *-2) (VP attempting (S (NP-SBJ-4 *-3) (VP to (VP `` subvert '' (NP the regulatory process) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP intervening (PP-MNR on (NP (NP behalf) (PP of (NP Mr. Keating))))))))))))))))))) .)) (TOP (S (PP Unlike (NP many lawmakers)) , (NP-SBJ Chairman Gonzalez) (VP says (SBAR 0 (S (NP-SBJ he) (VP considers (S (S-NOM-SBJ (NP-SBJ *) (VP intervening (PP-CLR with (NP regulators)))) (VP to (VP be (ADJP-PRD improper)))))))) .)) (TOP (S `` (S-TPC-1 (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ you) (VP reach (NP (NP a point) (SBAR (WHADVP-3 where) (S (NP-SBJ-4 a policy-making body) (VP is (VP trying (S (NP-SBJ *-4) (VP to (VP shape (NP administrative decisions)))) (ADVP-LOC *T*-3)))))) (ADVP-TMP *T*-2)))) , (ADVP-TMP then) (NP-SBJ that) (VP 's (NP-PRD a no-no) (PP-LOC in (NP my book)))) , '' (NP-SBJ the Texas lawmaker) (VP says (S *T*-1)) .)) (TOP (S And (NP-SBJ he) (VP has (VP attached (NP himself) (PP-CLR to (NP the Lincoln story)) (ADVP-MNR tenaciously))) .)) (TOP (S `` (SBAR-ADV Unless (S (NP-SBJ-1 the questions) (VP are (VP answered (NP *-1))))) , (NP-SBJ-2 I) (VP will (VP keep (PRT on) (S (NP-SBJ *-2) (VP going)))) . '')) (TOP (S (NP-SBJ-1 Lawmakers) (ADVP-TMP often) (VP are (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP embarrass (NP (NP colleagues) , (NP (NP even those) (PP of (NP opposing political parties))))))))) .)) (TOP (S (PP-LOC In (NP the recent Housing and Urban Development Department scandal)) , (PP for (NP example)) , (NP-SBJ (NP Rep. Thomas Lantos) , (NP (NP the California Democrat) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP led (NP the hearings))))) ,) (VP tiptoed (PP-DIR through (NP (NP embarrassing disclosures) (PP about (NP (NP HUD grants) (VP secured (NP *) (PP by (NP-LGS (NP Sen. Alfonse D'Amato) , (NP a New York Republican))))))))) .)) (TOP (S But (NP-SBJ Chairman Gonzalez) (VP is (NP-PRD a genuine maverick)) .)) (TOP (S (NP-SBJ He) (VP comes (PP-DIR from (NP (NP the same political line) (PP as (NP (NP Wright Patman) , (NP (NP a bank-baiting Texas populist) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP chaired (NP the Banking Committee) (PP-TMP until (NP 1974))))))))))) .)) (TOP (S (NP-SBJ Mr. Gonzalez) (VP is (ADVP also) (NP-PRD (NP a stickler) (PP for (NP ethical standards)) (SBAR (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP refuses (S (NP-SBJ *-3) (VP to (VP accept (NP honorariums))))))) and (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP believes (PP-CLR in (S-NOM (NP-SBJ *) (VP conducting (NP official business) (PP-MNR in (NP the open))))))))))) .)) (TOP (S (ADVP-TMP Early (PP in (NP his political career))) , (PP as (NP (NP a city councilman) (PP-LOC in (NP San Antonio)))) , (NP-SBJ-3 he) (VP walked (PP-DIR out (PP of (NP a meeting))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ political supporters) (VP asked (SBAR that (S (NP-SBJ-1 the police chief) (VP be (VP replaced (NP *-1))))) (ADVP-TMP *T*-2)))) , (S-ADV (NP-SBJ *-3) (VP denouncing (NP the closed-door affair) (ADVP-MNR publicly) (PP-CLR as (NP a `` bat-roost meeting))))) . '')) (TOP (S (NP-SBJ (NP The immediate target) (PP of (NP (NP Rep. Gonzalez 's) inquiry))) (VP is (NP-PRD (NP Danny Wall) , (NP (NP chairman) (PP of (NP (NP the Office) (PP of (NP Thrift Supervision))))))) .)) (TOP (S (PP As (NP (NP the principal regulator) (PP of (NP the thrift industry)))) , (NP-SBJ-1 Mr. Wall) (VP delayed (S (NP-SBJ *-1) (VP seizing (NP Lincoln S&L))) (PP-TMP for (NP (QP more than two) years)) (SBAR-TMP after (S (NP-SBJ his staff) (VP told (NP him) (SBAR (SBAR that (S (NP-SBJ the California thrift) (VP was (ADJP-PRD insolvent)))) and (SBAR that (S (NP-SBJ (NP potential losses) (PP to (NP taxpayers))) (VP were (VP growing (ADVP-MNR rapidly)))))))))) .)) (TOP (S (NP-SBJ-1 Rep. Gonzalez) (VP seems (ADJP primed (S (NP-SBJ *-1) (VP to (VP lash (PRT out) (PP-CLR at (NP Mr. Wall)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ hearings) (VP resume (NP-TMP Thursday) (PP-MNR with (NP (NP testimony) (PP by (NP (NP (NP two federal regulators) (PP from (NP San Francisco))) , (NP (NP William Black) and (NP Mike Patriarca)))))) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ Mr. Wall) (VP relieved (NP them) (PP-CLR of (NP (NP responsibility) (PP for (S-NOM (NP-SBJ *) (VP supervising (NP Lincoln)))))) (PP-TMP in (NP 1988))) .)) (TOP (S (NP-SBJ Mr. Gonzalez) (VP expressed (NP concern) (PP over (NP a report (SBAR that (S (NP-SBJ-1 the two) (VP had (VP been (VP summoned (NP *-1) (PP-DIR to (NP Washington)) (PP by (NP-LGS Mr. Wall)) (NP-TMP last week) (S-PRP (NP-SBJ *) (VP to (VP discuss (NP their testimony) (PP-TMP in (NP advance))))))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-2 he) (VP is (VP trying (S (NP-SBJ *-2) (VP to (ADVP-MNR improperly) (VP influence (NP a witness)))))))))) , and (S (PP by (NP God)) (NP-SBJ-3 I) (VP 'm not (VP going (S (NP-SBJ *-3) (VP to (VP tolerate (NP it)))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Wall) , (ADVP however) , (VP is (NP-PRD (NP (NP a self-proclaimed `` child) (PP of (NP the Senate)) '') and (NP (NP former staff director) (PP of (NP its Banking Committee))))) .)) (TOP (S (NP-SBJ (NP An inquiry) (PP into (NP (NP his handling) (PP of (NP Lincoln S&L))))) (ADVP inevitably) (VP will (VP drag (PRT in) (NP (NP Sen. Cranston) and (NP (NP the four others) , (NP Sens. (NX (NX (NX Dennis DeConcini) (PRN -LRB- (NP (NP D.) , (NP-LOC Ariz.)) -RRB-)) , (NX (NX John McCain) (PRN -LRB- (NP (NP R.) , (NP-LOC Ariz.)) -RRB-)) , (NX (NX John Glenn) (PRN -LRB- (NP (NP D.) , (NP-LOC Ohio)) -RRB-)) and (NX (NX Donald Riegle) (PRN -LRB- (NP (NP D.) , (NP-LOC Mich .)) -RRB-)))))))) .)) (TOP (S (NP-SBJ They) all (VP attended (NP (NP a meeting) (PP-TMP in (NP April 1987)) (VP questioning (SBAR (WHADVP-1 why) (S (NP-SBJ (NP a federal audit) (PP of (NP Lincoln S&L))) (VP had (VP dragged (PRT on) (PP-TMP for (NP two years)) (ADVP-PRP *T*-1)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 'm (ADJP-PRD certain (SBAR that (S (PP-TMP in (NP (NP the course) (PP of (NP the hearings)))) (NP-SBJ (NP the names) -LCB- (PP of (NP the senators)) -RCB-) (VP will (VP be (VP brought (PRT out))))))))) , '' (NP-SBJ Mr. Gonzalez) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ This) (VP is (VP raising (NP eyebrows))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ I) (ADVP first) (VP got (NP (NP a glimpse) (PP at (NP the witness list))) (ADVP-TMP *T*-2)))) , (NP-SBJ I) (VP could n't (VP believe (SBAR that (S (NP-SBJ-3 they) (VP were (VP going (S (NP-SBJ *-3) (VP to (VP (VP go (ADVP-DIR ahead)) and (VP do (NP this)))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Michael Waldman) , (NP (NP director) (PP of (NP (NP Congress Watch) , (NP a consumer group))))) .)) (TOP (S `` (NP-SBJ There) (VP are (NP-PRD (NP some witnesses) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP will (VP be (VP forced (S (NP-SBJ *-2) (VP to (VP testify (PP-CLR about (NP (NP their meetings) (PP with (NP senators)))))))))))))) . '')) (TOP (S And (NP-SBJ (NP a Democratic aide) (PP to (NP a Banking Committee member))) (VP remarks , `` (S (NP-SBJ I) (ADVP too) (VP am (ADJP-PRD astounded (PP by (NP it))) , (SBAR-PRP because (S (NP-SBJ Gonzalez) (VP has (ADVP certainly) (VP placed (NP (NP a lot) (PP of (NP Democratic senators))) (PP-LOC-CLR in (NP a (ADJP very bad) position))))))))) . '')) (TOP (S (NP-SBJ All the senators) (VP say (SBAR 0 (S (NP-SBJ-1 they) (ADVP merely) (VP were (VP trying (S (NP-SBJ *-1) (VP to (VP ensure (NP fairness) (PP-PRP for (NP a constituent)))))))))) .)) (TOP (S (S (NP-SBJ Mr. Keating) (VP lives (PP-LOC in (NP Phoenix)))) , and (S (NP-SBJ (NP the California thrift 's) parent) (VP is (NP-PRD (NP an Ohio-chartered corporation) (PP with (NP (NP holdings) (PP-LOC in (NP Michigan))))))) .)) (TOP (S (NP-SBJ Chairman Gonzalez) (VP expresses (NP (NP sympathy) (PP for (NP (NP Sen. Riegle) , (NP (NP his counterpart) (PP as (NP (NP chairman) (PP of (NP the Senate Banking Committee))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ He) (VP 's (ADJP-PRD wise))) , (S (NP-SBJ he) (VP 's (ADJP-PRD good))) and (S (NP-SBJ I) (VP know (SBAR 0 (S (NP-SBJ he) (VP 's (NP-PRD an honest man))))))) , '' (NP-SBJ the Texan) (VP says (S *T*-1)) .)) (TOP (S But (PP-TMP at (NP the same time)) , (NP-SBJ Mr. Gonzalez) (VP has n't (VP forgotten (NP (NP a confrontation) (PP over (NP Mr. Wall)) (PP-TMP during (NP (NP House-Senate negotiations) (PP over (NP S&L bailout legislation)) (PP-TMP during (NP the summer))))))) .)) (TOP (S (NP-SBJ The Senate negotiators) (VP included (NP (NP Sens. Cranston and Riegle) and (NP (NP (NP Mr. Wall 's) principal sponsor) , (NP (NP Republican Sen. Jake Garn) (PP of (NP Utah)))))) .)) (TOP (S (NP-SBJ-2 They) (VP were (ADJP-PRD willing (S (NP-SBJ-3 *-2) (VP to (VP trade (NP (NP important provisions) (PP-LOC in (NP the bailout legislation))) (S-PRP (NP-SBJ *-3) (VP (VP to (VP preserve (NP (NP Mr. Wall 's) job))) and (VP to (VP avoid (NP (NP a reconfirmation hearing) (SBAR (WHPP-4 in (WHNP which)) (S (NP-SBJ-1 he) (VP would (VP be (VP called (PP-CLR upon (NP-5 *-1)) (S-PRP (NP-SBJ *-5) (VP to (VP testify (PP-CLR about (NP Lincoln S&L))))) (PP-LOC *T*-4)))))))))))))))) .)) (TOP (S (ADVP Most importantly) , (NP-SBJ the Senate) (VP traded (PRT away) (NP (NP (NP the Bush administration 's) controversial plan (S (NP-SBJ *) (VP to (VP finance (NP the bailout))))) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (ADVP partly) (VP reinstated (NP *-1) (ADVP-TMP later))))))) .)) (TOP (S (PP-TMP At (NP the time)) , (NP-SBJ Mr. Gonzalez) (VP said (SBAR 0 (S (NP-SBJ several senators) (VP told (NP him) (SBAR that (S (NP-SBJ they) `` (VP could (VP get (S (NP-SBJ some roadblocks) (PP-PRD out (PP of (NP the way)))) (SBAR-ADV if (S (NP-SBJ there) (VP could (VP be (NP-PRD (NP some understanding) (PP on (NP (NP (NP Garn 's) insistence) (PP on (NP Wall))))))))))))))))) . '')) (TOP (S (ADVP-TMP Now) (NP-SBJ Mr. Gonzalez) (VP is (VP holding (NP (NP the equivalent) (PP of (NP reconfirmation hearings))) (ADVP anyway) , (PP-MNR under (NP (NP the guise) (PP of (NP the Lincoln investigation)))))) .)) (TOP (S `` (S-TPC-2 (PP In (NP a way)) , (NP-SBJ that) (VP 's (SBAR-PRD (WHNP-1 what) (S (NP-SBJ this) (VP is (NP-PRD *T*-1)))))) , '' (NP-SBJ Mr. Gonzalez) (VP concedes (S *T*-2)) .)) (TOP (S (NP-SBJ Even some House Banking Committee members) (VP could (VP suffer (PP-CLR from (NP the fallout)))) .)) (TOP (S (NP-SBJ Mr. Keating) (VP raised (NP $ 20,000 *U*) (PP-CLR for (NP (NP Rep. Doug Barnard 's) 1986 re-election campaign)) (SBAR-TMP while (S (NP-SBJ the Georgia Democrat) (VP was (VP taking (NP his side) (PP against (NP (NP regulators) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP wanted (S (NP-SBJ *-2) (VP to (VP curb (NP (NP risky investments) and (NP wholesale deposit brokering))))))))))))))) .)) (TOP (S (NP-SBJ He) (ADVP-TMP recently) (VP (VP voted `` (ADVP present) '' (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the committee) (VP authorized (NP (NP a subpoena) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP compel (S (NP-SBJ Mr. Keating) (VP to (VP testify)))))))) (ADVP-TMP *T*-1))))) , (ADVP then) (VP changed (NP his vote) (PP-CLR to (NP yes)))) .)) (TOP (S But (NP-SBJ (NP the chairman 's) supporters) (VP have (NP the upper hand) (SBAR-TMP as (S (NP-SBJ federal regulators) (VP press (NP (NP a (ADJP (QP $ 1.1 billion) *U*) fraud suit) (PP against (NP (NP Mr. Keating) and (NP others)))))))) .)) (TOP (S (NP-SBJ (NP Rep. Jim Leach) (PRN -LRB- (NP (NP R.) , (NP-LOC Iowa)) -RRB-)) (VP (VP says (SBAR 0 (S (NP-SBJ the Lincoln S&L affair) (VP is `` (NP-PRD (NP the biggest bank heist) (PP-LOC in (NP history))))))) , '' and (VP adds : `` (S (NP-SBJ (NP The great question) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP remains (S (NP-SBJ-1 *-3) (VP to (VP be (VP resolved (NP *-1))))))))) (VP is (SBAR-PRD whether (S (NP-SBJ we) (VP have (NP a congressional Watergate) (PP-CLR in (NP the making))))))))) . '')) (TOP (S (NP-SBJ-1 (NP A witness) (VP set (S (NP-SBJ *) (VP to (VP testify (PP-TMP on (NP Thursday))))))) (VP was (VP quoted (NP-3 *-1) (PP-LOC in (NP a news report)) (PP-TMP over (NP the weekend)) (PP-CLR as (S-NOM (NP-SBJ *-3) (VP saying (SBAR 0 (S (NP-SBJ Lincoln) (VP `` laundered '' (NP campaign contributions) (ADVP-MNR illegally))))))))) .)) (TOP (S But (NP-SBJ-1 (NP the witness) , (NP (NP William Crawford) , (NP (NP California 's) chief state thrift regulator) ,)) (VP denies (S (NP-SBJ *-1) (VP saying (NP that)))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP do n't (VP know (SBAR whether (S (NP-SBJ-1 it) (VP was (VP done (NP *-1) (ADVP-MNR properly)))) or not) , (SBAR-PRP because (S (NP-SBJ I) (VP 'm not (NP-PRD a lawyer))))))) , '' (NP-SBJ he) (VP said (S *T*-2) (PP-LOC in (NP a telephone interview)) (NP-TMP yesterday)) .)) (TOP (S But (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP is (ADJP-PRD prepared (S (NP-SBJ *-1) (VP to (VP testify (SBAR that (S (NP-SBJ (NP executives) (PP of (NP (NP Lincoln) and (NP its parent corporation)))) (VP got (NP (NP unusually high salaries) and (NP (NP frequent calls) (VP directing (NP-2 them) (S (NP-SBJ *-2) (VP to (VP make (NP specific contributions)))))))))))))))))) .)) (TOP (S (NP-SBJ The committee) (ADVP also) (VP has (VP summoned (NP (NP (NP Mr. Wall 's) predecessor) , (NP Edwin Gray)))) .)) (TOP (S (S (NP-SBJ He) (VP has (VP characterized (NP (NP the five senators ') roles) (PP-CLR as `` (ADJP tantamount (PP to (NP an attempt (S (NP-SBJ *) (VP to (VP subvert (NP the ... regulatory process))))))))))) , '' and (S (NP-SBJ-1 he) (VP is n't (VP expected (S (NP-SBJ *-1) (VP to (VP back (PRT down)))) (SBAR-ADV even though (S (NP-SBJ the five senators) (VP have (VP disputed (NP (NP his account) (PP of (NP a 1987 meeting)))))))))) .)) (TOP (S So (NP-SBJ the senators) (VP must (VP brace (NP themselves))) .)) (TOP (S (NP-SBJ Sen. Cranston) , (SBAR-TMP as (S (NP-SBJ he) (VP returned (PP-DIR to (NP the capital)) (NP-TMP last week) (PP-DIR from (NP (NP a one-day trip) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP inspect (NP (NP earthquake damage) (PP-LOC in (NP San Francisco))) (ADVP-PRP *T*-1)))))))))) , (VP sighed (PP-CLR to (NP an aide)) : `` (FRAG (INTJ Well) , (ADVP back (PP to (NP Keatingland))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ (NP Anne Volokh) and (NP her family)) (VP immigrated (PP-DIR to (NP the U.S.)) (ADVP-TMP (NP 14 years) ago) (ADVP-TMP *T*-1)))) , (NP-SBJ they) (VP started (NP life) (PP-LOC in (NP Los Angeles)) (PP-MNR with (NP (QP only $ 400) *U*))) .)) (TOP (S (S (NP-SBJ They) (VP 'd (ADVP actually) (VP left (NP the Soviet Union) (PP-MNR with (NP $ 480 *U*))))) , but (S (PP-TMP during (NP (NP a stop) (PP-LOC in (NP Italy)))) (NP-SBJ Ms. Volokh) (VP dropped (NP $ 80 *U*) (PP-CLR on (NP a black velvet suit)))) .)) (TOP (S (ADVP Not surprisingly) , (NP-SBJ she) (ADVP-MNR quickly) (VP adapted (PP-CLR to (NP the American way))) .)) (TOP (S (SBAR-TMP (NP Three months) after (S (NP-SBJ she) (VP arrived (PP-DIR in (NP L.A.))))) (NP-SBJ she) (VP spent (NP (NP $ 120 *U*) (SBAR (WHNP-1 0) (S (NP-SBJ she) (VP did n't (VP have (NP *T*-1)))))) (PP-CLR for (NP a hat))) .)) (TOP (FRAG -LRB- `` (NP-1 A turban) (PRN , '' (S (NP-SBJ she) (VP specifies (NP *T*-1))) , ``) (SBAR-ADV though (S (NP-SBJ it) (VP was n't (NP-PRD (NP the time) (PP for (NP that))) (ADVP-TMP (NP 14 years) ago)))) .)) (TOP (S But (NP-SBJ I) (VP loved (NP turbans)) . '' -RRB-)) (TOP (S (PP-TMP Since (NP then)) (NP-SBJ she) (VP has (VP become (ADJP-PRD wealthy))) .)) (TOP (S (NP-SBJ Her (NX (NX husband) and (NX (NX older son) -- (NP (NP a computer prodigy) (VP profiled (NP *) (PP-LOC in (NP The Wall Street Journal)) (PP-TMP in (NP 1981)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP was (NP-PRD 13) (ADVP-TMP *T*-1)))))) --))) (VP run (NP (NP a software company) (PP with (NP (NP expected sales) (NP-TMP this year) (PP of (NP (QP $ 10 million) *U*)))))) .)) (TOP (S (ADVP-TMP Most recently) , (NP-SBJ she) (VP has (VP become (NP-PRD (NP the publisher) (PP of (NP (NP Movieline) , (NP (NP a four-year-old Los Angeles magazine) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP began (NP national distribution) (NP-TMP last month) , (PP with (NP (NP an initial press run) (PP of (NP 100,000 copies))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Distributed (NP *-2) (PP by (NP-LGS (NP the Hearst Corp. 's) Eastern News)))) , (NP-SBJ-1 the glossy publication) (VP melds (NP (NP (NP Vanity Fair 's) gossipy archness) and (NP (NP (NP Premiere 's) earnest delving) (PP into (NP behind-the-scenes minutiae)))) , (PP with (NP (NP a special emphasis) (PP on (NP (NP Tinseltown) (PP as (NP fashion trendsetter))))))) .)) (TOP (S (NP-SBJ-1 It) (VP 's (VP being (VP sold (NP *-1) (PP-MNR through (NP (NP bookstores) , (NP newsstands) and (NP some video stores)))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ Ms. Volokh) (VP is (NP-PRD a small woman)))) , (NP-SBJ she) (VP has (NP (NP an (NX (NX outsized personality) and (NX dramatic flair))) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP seem (ADVP-MNR perfectly) (VP suited (NP *-3) (PP-CLR to (NP (NP capitalism) (SBAR as (S (NP-SBJ-1 it) (VP is (VP practiced (NP *-1) (PP-LOC in (NP Hollywood)))))))))))))) .)) (TOP (S (ADVP Certainly) (NP-SBJ (NP life) (PP for (NP her))) (VP has (VP changed (ADVP-MNR considerably) (PP-TMP since (NP (NP the days) (PP-LOC in (NP Kiev)) , (SBAR (WHADVP-3 when) (S (NP-SBJ-2 she) (VP lived (PP-CLR with (NP (NP her parents) , (NP her husband) and (NP her two sons))) (PP-LOC in (NP a (ADJP 2 1/2-room) apartment)) (PP in (SBAR-NOM (WHNP-1 what) (S (NP-SBJ she) (VP calls (S (NP-SBJ *T*-1) `` (NP-PRD silent internal immigration)))))) , '' (S-ADV (NP-SBJ *-2) (VP dreaming (PP-CLR of (NP escape)))) (ADVP-TMP *T*-3)))))))) .)) (TOP (S (ADVP-TMP Now) , (PP for (NP example)) , (NP-SBJ she) (VP owns (NP 48 hats)) .)) (TOP (S (ADVP However) , (NP-SBJ-1 she) (VP (VP remembers (NP the lean years)) and (VP recalls (PP-MNR with (NP relish)) (S (NP-SBJ *-1) (VP (VP wearing (NP (NP her first major American purchase) -- (NP that turban)) (ADVP-TMP (NP 10 years) later)) and (VP having (S (NP-SBJ a Los Angeles boutique owner) (VP ask (NP her) (SBAR if (S (NP-SBJ it) (VP was (NP-PRD a Chanel))))))))))) .)) (TOP (S (PP-MNR With (NP obvious satisfaction)) , (NP-SBJ she) (VP says (SBAR 0 (S (NP-SBJ she) (VP told (NP him) : `` (S (INTJ No) (NP-VOC darling) , (NP-SBJ I) (ADVP just) (VP give (NP it) (NP a Chanel look))))))) . '')) (TOP (S (NP-SBJ-1 She) (VP keeps (NP-CLR track) (PP-CLR of (NP (NP the rest) (PP of (NP her hats)))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP stapling (NP Polaroid snapshots) (PP-CLR to (NP (NP the outside) (PP of (NP each hatbox)))))))) .)) (TOP (SQ Are (NP-SBJ the hats) (ADVP merely) (NP-PRD (NP part) (PP of (NP her new L.A. persona))) , (PP along (PP with (NP (NP (NP the many ultra-thin Capri cigarettes) (SBAR (WHNP-1 0) (S (NP-SBJ she) (VP smokes (NP *T*-1))))) , (NP (NP the parties) (SBAR (WHNP-2 0) (S (NP-SBJ she) (VP throws (NP *T*-2) (PP-CLR for (NP 500 people)))))) , (NP (NP the Chekovian feasts) (SBAR (WHNP-3 0) (S (NP-SBJ she) (VP offers (NP guests) (NP *T*-3) (PP-LOC at (NP (NP her weekend place) (PP-LOC in (NP Santa Barbara))))))))))) ?)) (TOP (S `` (FRAG-TPC-1 (INTJ No) , (NP-VOC darling)) , '' (NP-SBJ she) (VP said (FRAG *T*-1) (ADVP-TMP recently) (PP-MNR in (NP her fluent , slightly affected English)) , (PP-TMP during (NP (NP a trip) (ADVP East) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP promote (NP (NP Movieline 's) national expansion) (ADVP *T*-2)))))))) .)) (TOP (S `` (NP-SBJ-2 You) (VP have (S (NP-SBJ-1 *-2) (VP to (VP be (VP born (NP *-1) (PP-MNR with (NP it))))))) .)) (TOP (S (S (NP-SBJ-1 I) (VP used (S (NP-SBJ *-1) (VP to (VP wear (NP hats) (PP-LOC in (NP Russia))))))) , but (S (NP-SBJ-2 I) (VP had (S (NP-SBJ *-2) (VP to (VP make (NP (NP them) and (NP my dresses))))))) .)) (TOP (S (PP On (NP the hat side)) (NP-SBJ I) (VP was n't (VP getting (SBAR-NOM (WHNP-1 what) (S (NP-SBJ I) (VP wanted (NP *T*-1)))))) . '')) (TOP (S (S-ADV (NP-SBJ *-2) (ADVP-TMP Now) (ADJP-PRD (NP 48 years) old)) , (NP-SBJ-2 Ms. Volokh) (VP has (NP definite ideas) (PP about (SBAR-NOM (WHNP-1 what) (S (NP-SBJ she) (VP wants (NP *T*-1)))))) .)) (TOP (S (PP-LOC At (NP Movieline)) , (NP-SBJ she) (VP wants `` (NP (NP specific paragraphing) , (NP specific tone) , (NP (NP a specific attitude) -- (ADJP bright and bold and tongue-in-cheek)))) . '')) (TOP (S (PP-LOC In (NP (NP restaurants) (PRN -LRB- (PP in (NP this case)) , (NP (NP the Russian Samovar) , (NP (NP a New York restaurant) (VP operated (NP *) (PP by and for (NP-LGS Soviet emigres))))) -RRB-))) , (NP-SBJ she) (VP did n't (VP want (NP (NP the chirpy , folkish music) (VP bouncing (PP-DIR through (NP the room)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP You people) (ADVP-LOC here)) (VP think (SBAR 0 (S (NP-SBJ this) (VP is (NP-PRD Russian music)))))) , '' (NP-SBJ she) (VP (VP said (S *T*-1) (PP-MNR with (NP disdain))) , and (VP called (PRT over) (PP-CLR to (NP the waitress)) : `` (SQ Could (NP-SBJ you) (VP turn (NP-PRD it) (PRT off))))) ? '')) (TOP (S (S-ADV (NP-SBJ That) (VP done (NP *))) , (NP-SBJ Ms. Volokh) (VP spoke (PP-MNR with (NP rampant eloquence)) (PP-CLR about (NP (NP (NP the many attributes) (SBAR (WHNP-2 0) (S (NP-SBJ she) (VP feels (SBAR 0 (S (NP-SBJ-1 she) (VP was (VP born (NP *-1) (PP-MNR with (NP *T*-2)))))))))) : (NP (NP an understanding) (PP of (NP (NP food) , (NP business) , (NP Russian culture) , (NP human nature) , and (NP parties))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ Parties) (VP are (ADVP rather) (NP-PRD (NP a state) (PP of (NP mind))))) , '' (NP-SBJ-3 she) (VP said (S *T*-2) , (S-ADV (NP-SBJ-4 *-3) (VP pausing (S-PRP (ADVP only) (NP-SBJ *-4) (VP to (VP (VP taste (NP *RNR*-1)) and (VP pass (NP judgment) (PP-CLR on (NP *RNR*-1))) (NP-1 the Georgian shashlik) (PRN -LRB- `` (ADJP (ADJP (NP-ADV a little) well done) , but (ADJP very good)) '' -RRB-))))))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ-1 you) (VP are (VP born (S (NP-SBJ *-1) (VP to (VP give (NP parties)))))))) , (NP-SBJ you) (VP give (NP parties)) .)) (TOP (S (PP-LOC Even in (NP Russia)) (NP-SBJ-1 we) (VP managed (S (NP-SBJ *-1) (VP to (VP give (NP parties))))) .)) (TOP (S (PP-LOC In (NP Los Angeles)) , (PP-TMP in (NP our lean years)) , (NP-SBJ we) (VP gave (NP parties)) . '')) (TOP (S (PP As (NP (NP publisher) (PP of (NP (NP a magazine) (VP devoted (NP *) (PP-CLR to (NP (NP movies) (PP as (NP (NP guideposts) (PP for (NP (NP fashion) and (NP other fantasies)))))))))))) , (NP-SBJ Ms. Volokh) (VP sees (NP her party-giving) (PP-CLR as (NP (NP an important part) (PP of (NP business))))) .)) (TOP (S (NP-SBJ She) (VP (VP has (VP thrown (NP extravagant soirees) (PP-CLR for (NP (NP crowds) (PP of (NP people)))))) , but (VP prefers (NP (ADJP more intimate) gatherings))) .)) (TOP (S `` (PP-LOC At (NP American cocktail parties)) (NP-SBJ-1 everyone) (VP 's (ADVP-TMP always) (VP looking (PP-CLR over (NP your shoulder)) (S-PRP (NP-SBJ *-1) (VP to (VP see (SBAR (WHNP-2 who) (S (NP-SBJ they) (VP can (VP talk (PP-CLR to (NP *T*-2)) (ADVP next)))))))))) .)) (TOP (S (NP-SBJ I) (VP like (ADVP rather) (NP tea) , (SBAR-PRP because (S (NP-SBJ it) (VP is (PP-TMP-PRD at (NP (NP the end) (PP of (NP the day)))))))) . '')) (TOP (S (NP-SBJ She) (VP serves (NP high Russian tea) , (PP-TMP at (NP 5 p.m))) .)) (TOP (S `` (S (NP-SBJ-1 It) (VP 's (VP supposed (S (NP-SBJ *-1) (VP to (VP be (ADVP-PRD later))))))) but (S (NP-SBJ I) (ADVP just) (VP moved (NP it))) .)) (TOP (S (PP-LOC In (NP Los Angeles)) , (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD important) (S-1 (NP-SBJ *) (VP to (VP catch (NP people) (PP-TMP just after (NP work)))))) . '')) (TOP (S (NP-SBJ She) (ADVP also) (ADVP-TMP frequently) (VP invites (NP (NP directors) , (NP producers) , (NP actors) , (NP writers) and (NP other show business people)) (PP-CLR for `` (NP (NP coffee and clips) (PP-LOC in (NP the pleasure dome))))) . '')) (TOP (S (NP-SBJ Guests) (VP (VP bring (NP (NP movies) (PP on (NP tape)))) , and (VP show (NP their favorite (ADJP three-to-five minute) segments) (PP-LOC on (NP (NP the screen) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP unrolls (PP-DIR from (NP (NP the ceiling) (PP of (NP (NP the Volokhs ') art-nouveau library)) (PRN -LRB- `` (NP the pleasure dome) '' -RRB-)))))))))) .)) (TOP (S (NP-SBJ They) (VP (VP eat `` (NP (ADJP sinful and sensual) things) '') -- and (VP explain (NP their clips))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (ADJP-PRD (ADJP very revealing) and (ADJP soul baring)))) , '' (VP said (S *T*-1)) (NP-SBJ Ms. Volokh) .)) (TOP (S (NP-SBJ-2 (NP The idea) (PP for (NP Movieline))) (ADVP actually) (VP was (VP dreamed (PRT up) (NP *-2) (PP by (NP-LGS (NP (NP (NP an old friend) (PP of (NP the Volokhs))) , (NP (NP Boris Krutchensky) -LRB- (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (NP (NP the title) (PP of (NP co-publisher)))))) -RRB-)) , and (NP (NP Laurie Halpern Smith) , (RRC (ADVP-TMP now) (NP (NP the magazine 's) co-editor))))))) .)) (TOP (S (NP-SBJ Mr. Krutchensky) (VP approached (NP Ms. Volokh) (ADVP-TMP (NP five years) ago) (PP about (S-NOM (NP-SBJ *) (VP backing (NP (NP the publication) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP started (PRT out) (PP-MNR as (NP a listing guide)))))))))) .)) (TOP (S (NP-SBJ She) (VP was (ADJP-PRD interested) (SBAR-ADV only if (S (NP-SBJ she) (VP could (VP guide (NP it) (ADVP-MNR editorially) (ADVP as well)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Anne) (VP does n't (VP believe (PP-CLR in (NP blandness))))) , '' (VP said (S *T*-1)) (NP-SBJ Ms. Smith) .)) (TOP (S `` (NP-SBJ She) (VP wants (S (NP-SBJ things) (VP to (VP be (ADJP-PRD exciting))))) .)) (TOP (S And (NP-SBJ she) (VP has (NP this inexhaustible energy)) .)) (TOP (S (S (NP-SBJ She) (VP 'll (VP think (PP-CLR of (NP (NP an idea) (SBAR (WHNP-1 0) (S (NP-SBJ the editorial people) (VP think (SBAR 0 (S (NP-SBJ *T*-1) (VP is (ADJP-PRD impossible)))))))))))) , (ADVP then) (S (NP-SBJ she) (VP 'll (VP have (S (NP-SBJ us) (VP make (S (NP-SBJ it) (VP work))))))) . '')) (TOP (S (PP In (NP fact)) , (NP-SBJ Ms. Volokh) (VP was n't (NP-PRD (NP just a rich lady) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP needed (NP a hobby)))))) .)) (TOP (S (ADVP-LOC Back (PP in (NP the Soviet Union))) (NP-SBJ-1 she) (VP was (NP-PRD a respected journalist) , (S-ADV (NP-SBJ *-1) (VP writing (NP (NP a weekly column) (PP about (NP the national cuisine))) (PP for (NP Sunday Izvestia))))) .)) (TOP (S (NP-SBJ (NP Those columns) -- (NP (NP (NP vivid discussions) (PP of (NP (NP the (ADJP cultural and literary) reverberations) (PP of (NP food))))) (CONJP as well as) (NP (NP practical advice) (PP on (SBAR (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP glamorize (NP dreary Sovietized meals) (ADVP-MNR *T*-1)))))))) --) (VP became (NP-PRD (NP the basis) (PP for (NP (NP (NP her (ADJP erudite and entertaining) cookbook) , `` (NP-TTL (NP The Art) (PP of (NP Russian Cuisine))) , '') (VP brought (PRT out) (PP-TMP in (NP 1983)) (PP by (NP-LGS Macmillan Publishing Co))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP do n't (VP trust (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP do n't (VP eat)))))))) , '' (VP said (S *T*-2)) (NP-SBJ Ms. Volokh) , (SBAR-ADV though (S (NP-SBJ-3 (NP she) (NP herself)) (VP stopped (S (NP-SBJ *-3) (VP eating (NP lunch))) (ADVP-TMP (NP a few years) ago) (S-PRP (NP-SBJ *-3) (VP to (VP drop (NP 25 pounds))))))) .)) (TOP (S `` (NP-SBJ *) (VP Look (PP-CLR at (NP Dostoevski and Kafka))) .)) (TOP (S (S (NP-SBJ No one) (ADVP ever) (VP eats (PP-LOC in (NP their books)))) and (S (NP-SBJ *) (VP look (PP at (NP them)))) ... .)) (TOP (S (S (NP-SBJ (NP-1 Tolstoy 's) characters) (VP eat)) , (S (NP=1 Pushkin 's)) , (S (NP=1 Gogol 's)) . '')) (TOP (S (PP-LOC In (NP (NP her cookbook) , (SBAR (WHNP-1 which) (S (NP-SBJ Macmillan) (VP is (VP bringing (NP *T*-1) (PRT out) (PP-MNR in (NP soft cover)) (NP-TMP this month) (PRN -LRB- (SBAR-ADV with (S (NP-SBJ-2 the blini recipe) (VP revised (NP *-2) (SBAR-PRP so (S (NP-SBJ it) (VP works)))))) -RRB-))))))) , (NP-SBJ she) (VP introduces (NP each chapter) (PP-MNR with (NP (NP (NP appropriate quotations) (PP from (NP Russian literature))) : (NP (NP (NP Pushkin) (PP on (NP blini))) , (NP (NP Goncharov) (PP on (NP piroghi))))))) .)) (TOP (S (S (PP-LOC In (NP life)) , (NP-SBJ she) (VP offers (NP practical dieting advice))) : `` (S (NP-SBJ *) (VP Divide (NP your meals) (PP-CLR into (ADJP important and unimportant)))) .)) (TOP (S (PP-LOC In (NP a great restaurant)) , (NP-SBJ *) (VP do n't (VP deprive (NP yourself))) .)) (TOP (S (NP-SBJ The other meals) (VP do n't (VP matter)) . '')) (TOP (S (S-ADV (NP-SBJ *-1) (ADJP-PRD (ADJP (ADJP Amusing) (SBAR as (S (NP-SBJ she) (VP is (ADJP-PRD *?*))))) , and (ADJP (ADJP frivolous) (SBAR as (S (NP-SBJ she) (VP can (VP seem (ADJP-PRD *?*)))))))) , (NP-SBJ-1 this) (VP is (NP-PRD (NP a serious person) (PP with (NP some difficult memories)))) .)) (TOP (S (NP-SBJ She) (VP was (NP-PRD (NP the child) (PP of (NP relative privilege)))) .)) (TOP (S (S (NP-SBJ Her mother) (VP was (NP-PRD a translator))) ; (S (NP-SBJ her father) (VP was `` (NP-PRD the eternal vice director))) . '')) (TOP (S `` (S-TPC-2 (NP-SBJ-1 I) (VP emigrated (S-PRP (NP-SBJ *-1) (VP to (VP (VP wear (NP better hats)) , (VP do (NP better parties))))))) , '' (NP-SBJ she) (VP said (S *T*-2) (PP with (NP a giggle))) .)) (TOP (S `` But (NP-SBJ we) (VP should n't (VP leave (PRT out) (NP political reasons) , (NP-ADV number one))) .)) (TOP (S (NP-SBJ-1 You) (VP try (S (NP-SBJ *-1) (VP to (VP maintain (NP your dignity) (PP-LOC under (NP difficult circumstances)))))) .)) (TOP (S (NP-SBJ One) (VP can not (VP imagine (SBAR (WHADVP-1 how) (S (NP-SBJ you) (VP live (SBAR (WHADVP-2 when) (S (NP-SBJ you) (VP live (NP those (ADJP double and triple) lives) (ADVP-TMP *T*-2)))) (ADVP-MNR *T*-1)))))) . '')) (TOP (S (PP-TMP By (NP 1973)) , (SBAR-TMP after (S (NP-SBJ-1 their second child) (VP was (VP born (NP *-1))))) , (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP had (VP become (ADJP-PRD clear (PP to (NP (NP Ms. Volokh) and (NP (NP her husband Vladimir) , (NP a computer scientist) ,)))) (SBAR-2 that (S (NP-SBJ-3 they) (VP wanted (S (NP-SBJ *-3) (VP to (VP leave (NP the U.S.S.R))))))))) .)) (TOP (S (NP-SBJ-1 Ms. Volokh) (VP quit (NP her job) , (S-PRP (NP-SBJ *-1) (VP to (VP remove (NP herself) (PP-CLR from (NP the public eye)))))) .)) (TOP (S (NP-SBJ The wait) (VP was (ADJP-PRD miserable)) .)) (TOP (S (PP-TMP Before (S-NOM (NP-SBJ *-1) (VP granting (NP (NP Ms. Volokh 's) parents) (NP a visa)))) , (NP-SBJ-1 the government) (VP required (S (NP-SBJ her mother) (VP to (VP obtain (NP permission) (PP-CLR from (NP (NP her first husband) , (SBAR (WHNP-2 whom) (S (NP-SBJ she) (VP had (VP divorced (NP *T*-2) (ADVP-TMP (NP 38 years) earlier))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Volokh) (VP (VP was (VP fired (NP *-1) (PP-CLR from (NP his job)))) , and (VP had (S (NP-SBJ *-1) (VP to (VP endure (NP (NP hours) (PP of (NP (NP (NP organized verbal abuse) (PP from (NP his co-workers))) , (NP (NP accusations) (PP of (NP (NP sabotage) and (NP counterrevolutionary activities)))))))))))) .)) (TOP (S (NP-SBJ The Volokhs) (VP were (ADJP-PRD afraid (SBAR that (S (NP-SBJ they) (VP 'd (VP end (PRT up) (PP-MNR like (NP (NP a friend) (PP of (NP theirs)) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP 'd (VP (VP applied (PP-CLR for (NP a visa))) and (VP waited (PP-TMP for (NP 10 years)) , (S-ADV (NP-SBJ-3 *-2) (VP having (VP been (VP demoted (NP *-3) (PP-CLR from (NP (NP his profession) (PP of (NP theoretical mathematician)))) (PP-CLR to (NP shipping clerk))))))))))))))))))) .)) (TOP (S (NP-SBJ They) (VP did n't) .)) (TOP (S (S (NP-SBJ Their visa) (VP came (PP-TMP in (NP relatively short order)))) , and (S (NP-SBJ they) (VP moved (PP-DIR to (NP Los Angeles)))) .)) (TOP (S (S (NP-SBJ Mr. Volokh) (ADVP-TMP soon) (VP found (NP (NP work) (PP-LOC in (NP his field))))) , but (S (NP-SBJ Ms. Volokh) (VP refused (NP (NP the (ADJP obvious and available) occupation) (PRN - (PP as (NP translator))) (PP for (NP (NP a Russian) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP spoke (NP fluent English))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ That) (VP 's (ADVP-TMP always) (VP looking (ADVP-DIR back)))) , '' (NP-SBJ she) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ-1 I) (VP wanted (S (NP-SBJ *-1) (VP to (VP be (PP-PRD in (NP business)))))) . '')) (TOP (S (PP-LOC On (NP (NP the way) (PP to (NP that goal)))) , (NP-SBJ-1 she) (VP (VP received (NP her first U.S. paycheck) (PP-CLR for (S-NOM (NP-SBJ *-1) (VP proofreading (NP (NP a book) (PP of (NP Polish poetry))))))) , (VP attended (NP secretarial school)) , (ADVP then) (VP went (S (NP-SBJ *-1) (VP to (VP work (PP-CLR for (NP a fund-raising organization))))))) .)) (TOP (S (ADVP-TMP Soon) (NP-SBJ she) (VP was (VP running (NP the office))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ her husband and son) (VP founded (NP (NP their computer company) , (NP Vesoft) ,) (ADVP-TMP *T*-1)))) (NP-SBJ she) (VP worked (PP-MNR as (NP (NP business manager) , (NP bookkeeper) and (NP publicist)))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ-1 Movieline) (VP is (VP located (NP *-1) (PP-LOC in (NP (NP the same building) (PP as (NP Vesoft)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Things) (VP work (PRT out) (ADVP-MNR unexpectedly) (PP-LOC in (NP life)))) , '' (VP said (S *T*-1)) (NP-SBJ Ms. Volokh) .)) (TOP (S `` (NP-SBJ You) (ADVP-TMP never) (VP know (SBAR if (S (NP-SBJ-1 you) (VP 'll (VP be (VP chosen (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the scapegoat) or (NP the lucky one))))))))))) .)) (TOP (S (NP-SBJ We) (VP were (ADJP-PRD lucky)) .)) (TOP (S (NP-SBJ (NP William D. Forrester) , (NP (NP president) (PP of (NP the U.S.-U.S.S.R. Trade and Economic Council))) ,) (VP has (NP (NP a warning) (PP for (NP (NP U.S. companies) (VP trying (S (NP-SBJ *) (VP to (VP do (NP business) (PP-LOC in (NP the Soviet Union)))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ It) (VP 's (NP-PRD an (ADJP extremely complex) market))) , and (S (NP-SBJ-2 you) (VP have (S (NP-SBJ-3 *-2) (VP to (VP be (VP prepared (S (NP-SBJ *-3) (VP to (VP make (NP a big commitment))))))))))) , '' (NP-SBJ Mr. Forrester) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ-1 We) (VP are not (VP trying (S (NP-SBJ *-1) (VP to (VP encourage (NP everyone)))))) . '')) (TOP (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Undeterred (PP by (NP (NP such words) (PP of (NP caution)))))) , (NP-SBJ-1 corporate America) (VP is (VP flocking (PP-DIR to (NP Moscow)) , (S-ADV (NP-SBJ-2 *-1) (VP lured (NP *-2) (PP by (NP-LGS (NP a huge untapped market) and (NP (NP Mikhail Gorbachev 's) attempt (S (NP-SBJ *) (VP to (VP overhaul (NP the Soviet economy))))))))))) .)) (TOP (S (NP-SBJ (S-NOM (NP-SBJ *) (VP Doing (NP business) (PP-CLR with (NP the Russians)))) , (RRC (ADVP-TMP once) (NP (NP the pursuit) (PP of (NP (NP a handful) (PP of (NP hardened veterans)))))) ,) (VP has (VP become (NP-PRD (NP the goal) (PP of (NP (NP (NP such major companies) (PP as (NP (NP General Motors Corp.) , (NP Federal Express Corp.) and (NP Procter & Gamble Co.)))) , (CONJP as well as) (NP (NP a cluster) (PP of (NP smaller firms)))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Reflecting (NP the new-found interest))) , (NP-SBJ (QP more than 140) U.S. companies) (VP are (VP taking (NP-CLR part) (PP-CLR in (NP (NP a Moscow exhibition) (VP organized (NP *) (PP by (NP-LGS (NP Mr. Forrester 's) trade group))))))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ U.S. interest) (VP may (VP be (UCP-PRD (ADJP-PRD big) and (VP growing)))))) , (NP-SBJ (NP the difficulties) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP stymied (NP deals) (PP-TMP in (NP the past))))))) (VP show (NP (NP no sign) (PP of (NP abating)))) .)) (TOP (S (PP-LOC Alongside (NP (NP the old problems) (PP of (NP (NP a non-convertible currency) and (NP an inpenetrable bureaucracy))))) , (NP-SBJ Western business executives) (VP must (ADVP-TMP now) (VP grapple (PP-CLR with (NP (NP new complexities) (VP linked (NP *) (PP-CLR to (NP (NP perestroika) , (NP (NP the restructuring) (PP of (NP the Soviet economy)))))))))) .)) (TOP (S (NP-SBJ Executives) (VP say (SBAR 0 (S (NP-SBJ (NP Mr. Gorbachev 's) moves (S (NP-SBJ *) (VP to (VP break (PRT up) (NP (NP the government 's) foreign trade monopoly))))) (VP have (VP created (NP (NP uncertainties) (CONJP as well as) (NP opportunities))))))) .)) (TOP (S (NP-SBJ (ADJP Changing) legislation) (VP has (VP opened (NP the field) (PP-CLR to (NP (NP (NP thousands) (PP of (NP inexperienced Soviet players))) , (NP (NP many) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP promise (NP (NP more) (SBAR than (S (NP-SBJ they) (VP can (VP deliver (NP *?*)))))))))))))) .)) (TOP (S And (NP-SBJ some foreign firms) (VP are (VP finding (SBAR that (S (SBAR-TMP (WHADVP-2 even when) (S (NP-SBJ-3 they) (VP manage (S (NP-SBJ *-3) (VP to (VP overcome (NP such hurdles) (ADVP-TMP *T*-2))))))) , (NP-SBJ-4 their ventures) (ADVP-TMP now) (VP have (S (NP-SBJ-1 *-4) (VP to (VP be (VP endorsed (NP *-1) (PP by (NP-LGS (NP such unpredictable bodies) (PP as (NP (NP the Soviet parliament) and (NP (NP the governments) (PP of (NP (NP the nation 's) republics)))))))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-2 You) (VP have (S (NP-SBJ *-2) (VP to (VP go (ADVP-DIR out (PP to (NP all your constituents)))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP James H. Giffen) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP spearheading (NP (NP the (ADJP most ambitious) attempt (S *ICH*-4)) (PP by (NP U.S. firms)) (S-4 (NP-SBJ *) (VP to (VP break (PP-CLR into (NP the Soviet market))))) , (VP involving (NP (NP investment) (PP of (NP (QP more than $ 5 billion) *U*)) (PP-LOC in (NP (QP some two dozen) joint ventures)))))))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP (NP that attempt) , (PP by (NP the American Trade Consortium)) ,)))) (NP-SBJ Mr. Giffen) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP spends (NP (NP a lot) (PP of (NP time))) (S-CLR (NP-SBJ *-1) (VP lobbying)))))) .)) (TOP (S (NP-SBJ (NP Growing public fears) (PP about (NP the Soviet environment))) (VP is (NP-PRD (NP one new factor) (VP affecting (NP some joint-venture plans)))) .)) (TOP (S (PP-TMP Over (NP the past two years)) , (NP-SBJ Soviet ministries) (VP have (VP been (VP talking (PP-CLR to (NP (NP international firms) , (PP including (NP (NP (NP (NP Occidental Petroleum Co.) and (NP Combustion Engineering Inc.)) (PP of (NP the U.S.))) , (NP (NP Montedison S.p.A.) (PP of (NP Italy))) and (NP several Japanese groups) ,)))) (PP-CLR about (S-NOM (NP-SBJ *) (VP (ADVP-MNR jointly) building and operating (NP several big petrochemical plants))))))) .)) (TOP (S (S (NP-SBJ The plans) (VP have (VP come (PP-CLR under (NP (NP fire) (PP from (NP Soviet environmentalists))))))) , and (S (NP-SBJ officials) (VP say (SBAR 0 (S (NP-SBJ-1 many) (VP are (ADJP-PRD likely (S (NP-SBJ-2 *-1) (VP to (VP be (VP (VP scaled (PRT back) (NP *-2)) or (VP dropped (NP *-2)))))))))))) .)) (TOP (S (SBAR-ADV (WHNP Whatever) (FRAG (NP the difficulties))) , (NP-SBJ-1 Mr. Gorbachev) (VP remains (ADJP-PRD committed (PP to (S-NOM (NP-SBJ *-1) (VP increasing (NP foreign trade)))))) .)) (TOP (S (PP-PRP For (NP (ADJP (ADJP political) (CONJP as well as) (ADJP economic)) reasons)) , (NP-SBJ U.S. companies) (VP (VP are (PP-LOC-PRD at (NP (NP the top) (PP of (NP his priorities))))) -- (NP (NP a point) (SBAR (WHNP-1 0) (S (NP-SBJ-2 he) (VP underscored (NP *T*-1) (PP-MNR by (S-NOM (NP-SBJ-3 *-2) (VP spending (NP two hours) (S-CLR (NP-SBJ *-3) (VP walking (PP-LOC-CLR around (NP the U.S. trade show)) (NP-TMP last week))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Talking (PP-CLR to (NP (NP a small group) (PP of (NP U.S. executives)))) (ADVP-TMP afterwards))) , (NP-SBJ-2 Mr. Gorbachev) (VP appeared (ADJP-PRD impatient (PP for (NP (NP a big expansion) (PP-LOC in (NP (NP U.S.-Soviet trade) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP now) (VP amounts (PP-CLR to (NP (NP a meager (QP $ 3 billion) *U*) (ADVP annually)))))))))))) .)) (TOP (S (NP-SBJ The U.S.) (VP ranks (ADJP fourth (PP of (NP (NP countries) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP concluded (NP joint ventures)))))))) , (PP-LOC behind (NP (NP West Germany) , (NP Finland) and (NP Italy)))) .)) (TOP (S (PP According (PP to (NP (NP several people) (ADJP present (PP-LOC at (NP the meeting)))))) , (NP-SBJ Mr. Gorbachev) (ADVP also) (VP supported (NP (NP the idea) (PP of (S-NOM (NP-SBJ *) (VP concluding (NP several commercial accords) (PP-CLR with (NP the U.S.)) , (PP-LOC (ADVP possibly) at (NP (NP his next summit meeting) (PP with (NP President Bush))))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Judging (PP-MNR by (NP (NP the crush) (PP-LOC at (NP the exhibition)))))) , (NP-SBJ deprived Soviet consumers) (VP are (ADJP-PRD (ADVP more than) ready (PP for (NP U.S. products)))) .)) (TOP (S (NP-SBJ-1 (NP Hundreds) (PP of (NP people))) (VP lined (PRT up) (NP-TMP every day) (PP-LOC at (NP the Colgate-Palmolive Co. stand)) (S-PRP (NP-SBJ *-1) (VP to (VP receive (NP (NP a free tube) (PP of (NP (NP toothpaste) , (NP (NP a commodity) (PP in (NP (ADJP chronically short) supply)) (ADVP-LOC here))))))))) .)) (TOP (S And (NP-SBJ (NP unruly crowds) (PP-LOC at (NP (NP RJR Nabisco Inc. 's) booth))) (ADVP almost) (VP knocked (PRT over) (NP a glass showcase) (PP-LOC in (NP the rush (S (NP-SBJ *) (VP to (VP get (NP a free Camel cigarette sticker))))))) .)) (TOP (S (NP-SBJ Some U.S. products) (VP are (VP filtering (PP-DIR into (NP the Soviet market)) (PP-LOC under (NP an emergency import program)))) .)) (TOP (S (NP-SBJ Both (NP Colgate) and (NP Procter & Gamble)) (VP have (VP received (NP (NP big orders) (PP for (NP toothpaste , soap and detergents))))) .)) (TOP (S (NP-SBJ The American Trade Consortium) (VP says (SBAR 0 (S (NP-SBJ-1 it) (VP is (VP planning (S (NP-SBJ *-1) (VP to (VP ship (NP (NP (NP (QP some $ 500 million) *U*) (PP of (NP consumer goods))) , (VP financed (NP *) (PP by (NP-LGS bank credits))) ,) (PP-TMP in (NP (NP the first few months) (PP of (NP next year)))))))))))) .)) (TOP (S But (NP-SBJ the current Soviet purchasing spree) (VP may (VP be (NP-PRD a one-time affair))) .)) (TOP (S (NP-SBJ (NP (NP The goal) (PP of (NP most U.S. firms))) -- (NP joint ventures) --) (VP remains (ADJP-PRD elusive)) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ the Soviet ruble) (VP is n't (ADJP-PRD convertible (PP into (NP (NP dollars) , (NP marks) and (NP other Western currencies))))))) , (NP-SBJ-3 (NP companies) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP hope (S (NP-SBJ *-2) (VP to (VP set (PRT up) (NP production facilities) (ADVP-LOC here)))))))) (VP must (VP either (VP export (NP (NP some) (PP of (NP the goods))) (S-PRP (NP-SBJ *-3) (VP to (VP earn (NP hard currency))))) or (VP find (NP (NP Soviet goods) (SBAR (WHNP-4 0) (S (NP-SBJ they) (VP can (VP take (NP *T*-4) (PP-LOC in (NP a counter-trade transaction)))))))))) .)) (TOP (S (NP-SBJ (NP International competition) (PP for (NP (NP the few Soviet goods) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP can (VP be (VP sold (NP *-1) (PP-LOC on (NP world markets)))))))))) (VP is (VP heating (PRT up) , (ADVP however))) .)) (TOP (S (NP-SBJ (NP Shelley M. Zeiger) , (NP (NP an entrepreneur) (PP from (NP New Jersey)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP buys (NP (NP Soviet porcelain) and (NP `` matryoshka '' nesting dolls)) (PP-PRP for (NP (NP export) (PP to (NP the U.S.)))))))) ,) (VP says (SBAR 0 (S (NP-SBJ (ADJP West German) companies) (ADVP already) (VP have (VP snapped (PRT up) (NP (NP much) (PP of (NP (NP the production) (PP of (NP these items)))))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-3) (VP Seeking (S (NP-SBJ *-2) (VP to (VP overcome (NP the currency problems)))))) , (NP-SBJ-3 (NP (NP Mr. Giffen 's) American Trade Consortium) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP comprises (NP (NP Chevron Corp.) , (NP RJR) , (NP Johnson & Johnson) , (NP Eastman Kodak Co.) , and (NP Archer-Daniels-Midland Co.) ,))))) (VP has (VP concocted (NP (NP an elaborate scheme) (SBAR (WHADVP-4 0) (S (NP-SBJ *) (VP to (VP share (PRT out) (NP (NP dollar earnings) , (PP (ADVP largely) from (NP (NP the revenues) (PP of (NP a planned Chevron oil project))))) (ADVP-MNR *T*-4)))))))) .)) (TOP (S (NP-SBJ-1 (NP Several medical concerns) , (PP including (NP (NP Pfizer Inc.) , (NP Hewlett-Packard Co.) , (NP Colgate) and (NP Abbott Laboratories)))) (VP intend (S (NP-SBJ *-1) (VP to (VP pursue (NP a similar consortium approach))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ (NP It) (S *EXP*-2)) (VP 's (ADJP-PRD hard) (S-2 (NP-SBJ *) (VP to (VP invest (NP capital) (ADVP-LOC here) (PP-MNR on (NP (NP the same basis) (PP as (S-NOM (NP-SBJ *) (VP investing (PP-LOC-CLR in (NP other countries)))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Dennis A. Sokol) , (NP (NP president) (PP of (NP Medical Service Partners Inc.))) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP putting (NP the medical consortium) (PRT together)))))) .)) (TOP (S (NP-SBJ Some U.S. entrepreneurs) (VP operate (PP-MNR on (NP a smaller scale))) .)) (TOP (S (NP-SBJ-1 One group) (VP seeks (S (NP-SBJ *-1) (VP to (VP publish (NP a U.S.-Soviet medical journal) (PP-MNR in (NP (NP conjunction) (PP with (NP (NP the U.S.S.R. Ministry) (PP of (NP Health)))))))))) .)) (TOP (S (PP According (PP to (NP (NP Richard P. Mills) , (NP (NP a Boston-based official) (PP of (NP the U.S. partner))) ,))) (NP-SBJ-1 (NP 10,000 copies) (PP of (NP the quarterly))) (VP will (VP be (VP printed (NP *-1) (PP-MNR in (NP Russian)) (PP-TMP from (NP next year))))) .)) (TOP (S (NP-SBJ-1 It) (VP will (VP be (VP financed (NP *-1) (PP (PP by (NP-LGS (NP advertisements) (PP from (NP U.S. companies)))) and (PP by (NP-LGS (NP simultaneous publication) (PP of (NP (NP an English-language journal) (VP containing (NP (NP details) (PP of (NP Soviet medical advancements)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP found (NP a market niche))) , '' (NP-SBJ Mr. Mills) (VP boasts (S *T*-1)) .)) (TOP (S `` (NP-SBJ It) (VP 's (ADJP-PRD truly entrepreneurial)) .)) (TOP (S (NP-SBJ-1 General Electric Co.) (VP was (VP given (NP *-1) (NP (NP an (ADJP (QP $ 89.6 million) *U*) Navy contract) (PP for (NP nuclear propulsion parts))))) .)) (TOP (S (NP-SBJ Westinghouse Electric Corp.) (ADVP also) (VP won (NP (NP a (ADJP (QP $ 75.5 million) *U*) Navy contract) (PP for (NP nuclear propulsion parts)))) .)) (TOP (S (NP-SBJ-1 Federal Data Corp.) (VP was (VP issued (NP *-1) (NP (NP a (ADJP (QP $ 14.5 million) *U*) Navy contract) (PP for (NP computer systems))))) .)) (TOP (S (NP-SBJ-1 American Telephone & Telegraph Co.) (VP was (VP awarded (NP *-1) (NP (NP an (ADJP (QP $ 11.5 million) *U*) Navy contract) (PP for (NP oceanographic services))))) .)) (TOP (S (NP-SBJ Cray Research Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP sold (NP (NP one) (PP of (NP (NP its (ADJP newest and largest) computer systems) , (NP the Cray Y-MP/832) ,))) (PP-DTV to (NP the United Kingdom Meteorological Office)))))) .)) (TOP (S (NP-SBJ The system) (VP is (NP-PRD (NP the first) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP sold (NP *-1) (PP-MNR through (NP (NP the joint marketing agreement) (PP between (NP (NP Cray) and (NP Control Data Corp)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The supercomputer) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP lists (PP-CLR for (NP (QP $ 18.5 million) *U*))))) ,) (VP will (VP be (VP installed (NP *-1) (PP-TMP in (NP (NP the first quarter) (PP of (NP 1990)))) (PP-LOC in (NP (NP (NP the meteorological office 's) headquarters) (PP-LOC in (NP (NP Bracknell) , (NP England)))))))) .)) (TOP (S (NP-SBJ-1 (NP Shareholders) (PP of (NP Nuovo Banco Ambrosiano S.p.A.))) (VP voted (S (NP-SBJ *-1) (VP to (VP accept (NP (NP a bid) (PP of (NP (NP (NP 5,500 lire) (PRN -LRB- (NP $ 4.03 *U*) -RRB-)) (NP-ADV a share))) (PP by (NP (NP France 's) Credit Agricole)) (PP for (NP (NP 13.32 %) (PP of (NP the bank)))))))) , (S-ADV (NP-SBJ *-1) (VP rejecting (NP (NP an earlier , equal offer) (PP by (NP (NP Italy 's) Assicurazioni Generali S.p.A)))))) .)) (TOP (S (NP-SBJ The move) (VP will (VP (VP give (NP Nuovo Banco) (NP a (ADJP badly needed) foreign presence)) , and (VP make (S (NP-SBJ Credit Agricole) (NP-PRD (NP the bank 's) largest shareholder))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP opens (NP (NP a rift) (PP-LOC in (NP (NP (NP the bank 's) shareholders ') syndicate)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP lead (PP-DIR to (NP (NP a battle) (PP for (NP (NP control) (PP of (NP the concern)))))))))))) .)) (TOP (S (NP-SBJ Nuovo Banco) (VP will (VP become (NP-PRD (NP Italy 's) biggest private-sector bank) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP completes (NP (NP its scheduled merger) (PP with (NP Banca Cattolica del Venetoen))) (PP-TMP by (NP year end)) (ADVP-TMP *T*-1)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ Credit Agricole) (VP asked (NP-1 a Milan court) (S (NP-SBJ *-1) (VP to (VP sequester (NP the Nuovo Banco shares)))))) , (NP-SBJ the Italian news agency ANSA) (VP reported (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 The tribunal) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP rule (PP-CLR on (NP the request)) (NP-TMP Friday)))))) .)) (TOP (S (NP-SBJ-1 (NP No reason) (PP for (NP the request))) (VP was (VP given (NP *-1))) .)) (TOP (S (NP-SBJ-1 Credit Agricole officials) (VP could n't (VP be (ADVP-TMP immediately) (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-SBJ The decision (S (NP-SBJ *) (VP to (VP accept (NP (NP (NP Credit Agricole 's) bid) , (VP valued (NP *) (PP-CLR at (NP (NP (QP 283.3 billion) lire) (PRN -LRB- (NP (QP $ 207.4 million) *U*) -RRB-)))) ,))))) (VP came (PP-TMP after (NP a stormy weekend meeting))) .)) (TOP (S (NP-SBJ-1 (NP (NP Nuovo Banco 's) (ADJP second largest) shareholder) , (NP (NP the (ADJP Fiat S.p.A.-controlled) investment concern) , (NP Gemina S.p.A.) ,)) (VP fought (S (NP-SBJ *-1) (VP to (VP have (S (NP-SBJ (NP Generali 's) offer) (VP approved)))))) .)) (TOP (S (NP-SBJ (NP Gemina) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP 13.26 %) (PP of (NP Nuovo Banco)))))) ,) (VP abstained (PP-LOC in (NP (NP the final vote) (PP on (NP (NP Credit Agricole) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP was (ADVP nonetheless) (VP approved (NP *-3) (PP by (NP-LGS (NP a majority) (PP of (NP shareholders))))))))))))) .)) (TOP (S (NP-SBJ (NP The linkup) (PP with (NP Credit Agricole))) (VP will (VP give (NP Nuovo Banco) (NP (NP its first foreign presence) (SBAR-TMP since (S (NP-SBJ-1 it) (VP was (VP formed (NP *-1) (PP-CLR from (NP (NP the wreck) (PP of (NP (NP the old Banco Ambrosiano) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP collapsed (PP-LOC amid (NP scandal)) (PP-TMP after (NP (NP the death) (PP of (NP Chairman Roberto Calvi)) (PP-TMP in (NP 1982)))))))))))))))))) .)) (TOP (S (PP-TMP Since (NP then)) , (NP-SBJ the bank) (VP (VP has (VP strengthened (NP its Italian network))) , and (VP has (VP posted (NP strong results)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The shareholders) (VP felt (SBAR 0 (S (NP-SBJ we) (VP needed (NP a foreign presence) (ADVP (ADVP more) (SBAR than (S (NP-SBJ we) (VP needed (NP (NP links) (PP with (NP an insurance company)))))))))))) , '' (NP-SBJ an Ambrosiano spokeswoman) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Gemina) (VP said (PP-LOC in (NP a statement)) (SBAR that `` (S (NP-SBJ it) (VP reserves (NP the right (S (NP-SBJ-1 *) (VP to (VP take (NP any action) (S-PRP (NP-SBJ *-1) (VP to (VP protect (NP its rights)))))))) (PP-MNR as (NP (NP a member) (PP of (NP the syndicate)))))))) . '')) (TOP (S (NP-SBJ A company spokeswoman) (VP said (SBAR 0 (S (NP-SBJ the company) (VP (VP had n't (VP decided (SBAR (WHNP-1 what measures) (S (NP-SBJ *) (VP to (VP take (NP *T*-1))))))) , but (VP did n't (VP rule (PRT out) (NP legal action))))))) .)) (TOP (S (NP-SBJ (NP Generali) , (NP (NP Italy 's) biggest insurer) ,) (NP-TMP last month) (VP offered (NP (NP 5,500 lire) (NP-ADV a share)) (PP-CLR for (NP (NP the Nuovo Banco stake) (VP held (NP *) (PP by (NP-LGS (NP (NP Banco Popolare di Milano) , (NP (NP the bank 's) largest shareholder) ,) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP announced (NP plans (S (NP-SBJ *) (VP to (VP sell (NP the holdings))))) (NP-TMP earlier this year)))))))))) .)) (TOP (S (NP-SBJ-1 A Generali spokesman) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP (NP (NP Nuovo Banco 's) rejection) (PP of (NP (NP the insurer 's) offer)))))))) .)) (TOP (S (PP-LOC On (NP the Milan stock exchange)) , (NP-SBJ (NP Nuovo Banco 's) shares) (VP jumped (PP-DIR to (NP (NP 4,830 lire) (NP-ADV each))) (PP-DIR from (NP 4,695 lire) (NP-TMP Friday))) .)) (TOP (S (NP-SBJ (NP Qintex Australia Ltd.) , (NP (NP a media and resorts concern) (VP controlled (NP *) (PP by (NP-LGS Australian entrepreneur Christopher Skase)))) ,) (VP announced (NP a plan (S (NP-SBJ-1 *) (VP to (VP restructure and sell (NP assets) (S-PRP (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP ease (NP its financial problems)))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Skase) , (NP (NP a 41-year-old former newspaper reporter) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP chairs (NP the company))))) ,) (VP said (PP-LOC in (NP a statement)) (SBAR that (S (NP-SBJ Qintex) (VP will (VP sell (NP (NP (NP its (ADJP 51 %) stake) (PP-LOC in (NP (NP its upscale Mirage resorts) (PP-LOC in (NP Australia and Hawaii))))) (CONJP as well as) (NP three Australian television stations))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The sales) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP raise (NP (NP (QP more than 600 million) Australian dollars) (PRN -LRB- (NP (QP US$ 462.2 million) *U*) -RRB-)))))))) , (NP-SBJ Mr. Skase) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S (NP-SBJ Qintex Australia) (VP has n't (VP disclosed (NP its borrowings)))) , but (S (NP-SBJ analysts) (VP estimate (NP (NP the company 's) debt) (PP-CLR at (NP (QP A$ 1.2 billion) *U*)))) .)) (TOP (S (NP-SBJ Mr. Skase) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ the restructuring plan) (VP calls (PP-CLR for (NP (NP the merger) (PP of (NP Qintex Australia)) (PP with (NP (NP Qintex Ltd.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP 55 %) (PP of (NP Qintex Australia)))))))))))))) .)) (TOP (S (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the move) (VP will `` (ADVP significantly) (VP reduce (NP (ADJP administrative and operating) costs))))))) , '' but (S (NP-SBJ he) (VP did n't (VP provide (NP (NP details) (PP of (NP the merger)))))) .)) (TOP (S (NP-SBJ Company officials) (VP said (PP-TMP over (NP the weekend)) (SBAR that (S (NP-SBJ (NP Qintex Australia 's) bank creditors) (VP have (VP become (ADJP-PRD concerned (PP about (NP (NP a barrage) (PP of (NP bad news)) (PP-LOC at (NP the company)) , (PP including (NP a failed (ADJP (QP US$ 1.5 billion) *U*) plan (S (NP-SBJ *) (VP to (VP buy (NP (NP MGM/UA Communications Co.) , (NP a (NAC-LOC Beverly Hills , Calif. ,) movie and television production concern))))))))))))))) .)) (TOP (S (NP-TMP Friday) , (NP-SBJ (NP Qintex Entertainment Inc.) , (NP a 43%-owned U.S. affiliate) ,) (VP filed (PP-CLR for (NP (NP protection) (PP from (NP creditor lawsuits)))) (PP-LOC under (NP (NP Chapter 11) (PP of (NP the U.S. Bankruptcy Code))))) .)) (TOP (S (NP-SBJ Analysts) (VP predicted (SBAR that (S (NP-SBJ the move) (VP would (VP (VP (ADVP further) shake (NP (NP creditor confidence) (PP in (NP Qintex Australia)))) and (VP force (S (NP-SBJ it) (VP to (VP sell (NP assets)))))))))) .)) (TOP (S (NP-SBJ-1 (NP The company 's) latest moves) (VP were (VP disclosed (NP *-1) (SBAR-TMP after (S (NP-SBJ the Australian Stock Exchange) (VP suspended (NP (NP trading) (PP in (NP (NP shares) (PP of (NP (NP Qintex Australia) and (NP Qintex Ltd.)))))) (SBAR-PRP because (S (NP-SBJ the companies) (VP had n't (VP answered (NP (NP an exchange inquiry) (PP about (NP (NP the extent) (PP of (NP (NP their loans , investments and deposits) (PP-LOC at (NP Qintex Entertainment)))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Skase 's) statement) (VP (VP was (VP addressed (NP *-1) (PP-CLR to (NP the stock exchange)))) and (VP appeared (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a response) (PP to (NP the inquiry)))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ Qintex Entertainment) (VP owes (NP Qintex Australia) (NP (NP (QP US$ 38.1 million) *U*) (PP in (NP (NP loans) (VP not secured (NP *) (PP by (NP-LGS specific assets)))))))))) .)) (TOP (S (NP-SBJ Qintex Australia) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (NP (NP an investment) (PP of (NP (NP (QP A$ 83.3 million) *U*) (PP in (NP Qintex Entertainment shares))))))))) .)) (TOP (S (PP-LOC In (NP the statement)) , (NP-SBJ Mr. Skase) (VP said (SBAR that (S (PP on (NP (NP the basis) (PP of (NP (NP current interest rates) (PP-LOC in (NP Australia)))))) , (NP-SBJ-1 (NP the company 's) asset sales) (VP would (VP reduce (NP interest expense) (PP-EXT by (NP (NP (QP about A$ 120 million) *U*) (NP-ADV a year))) (PP in (NP (NP addition) (PP to (S-NOM (NP-SBJ *-1) (VP eliminating (NP certain liabilities))))))))))) .)) (TOP (S (PP-TMP In (NP March)) , (NP-SBJ Qintex) (VP sold (NP (NP 49 %) (PP of (NP the three Mirage resorts))) (PP-DTV to (NP (NP Japan 's) (NP (NP Nippon Shinpan Co.) and (NP Mitsui & Co.)))) (PP-CLR for (NP (QP A$ 433 million) *U*))) .)) (TOP (S (NP-SBJ (NP Yesterday 's) statement) (VP did n't (VP say (SBAR whether (S (NP-SBJ the Japanese companies) (VP will (VP acquire (NP (NP (NP Qintex 's) remaining stake) (PP in (NP the resorts))))))))) .)) (TOP (S (SBAR-TMP Before (S (NP-SBJ-1 its shares) (VP were (VP suspended (NP *-1) (PP-CLR from (NP trading)))))) , (NP-SBJ Qintex Australia) (VP plunged (PP-DIR to (NP (NP (NP 16 Australian cents) (PRN -LRB- (NP 12 U.S. cents) -RRB-)) (NP-ADV a share))) (NP-TMP yesterday) (PP-DIR from (NP 33 Australian cents) (NP-TMP Friday))) .)) (TOP (S (NP-SBJ The shares) (VP traded (PP-CLR at (NP (QP about A$ 1.50) *U*)) (PP-TMP in (NP (NP March) , (SBAR (WHADVP-2 when) (S (NP-SBJ-1 the plan (S (NP-SBJ *) (VP to (VP acquire (NP MGM/UA))))) (VP was (VP announced (NP *-1) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (NP-SBJ Qintex Ltd. shares) (VP sank (PP-DIR to (NP A$ 1.50 *U*)) (NP-TMP yesterday) (PP-DIR from (NP A$ 3.05 *U*) (NP-TMP Friday))) .)) (TOP (S (NP-SBJ (NP Mr. Skase 's) statement) (VP cited (NP (NP four recent problems) (SBAR (WHNP-1 that) (S (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ *T*-1) (VP had (VP cut (NP group cash flow) (PP-EXT by (NP (QP more than A$ 200 million) *U*))))))))))) .)) (TOP (S (NP-SBJ They) (VP were (NP-PRD (SBAR-NOM (WHNP-2 what) (S (NP-SBJ he) (VP called (S (NP-SBJ *T*-2) (NP-PRD (NP an `` unlawful termination '') (PP by (NP MGM/UA)) (PP of (NP (NP the acquisition agreement) (PP with (NP Qintex))))))))) , (NP high Australian interest rates) , (NP (NP (NP a pilots ') strike) (PP-LOC at (NP Australian domestic airlines)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP cut (NP (NP revenue) (PP-LOC at (NP (NP the company 's) Australian resorts))))))) and (NP (NP delays) (PP in (S-NOM (NP-SBJ *) (VP completing (NP (NP a sale) (PP of (NP (NP two regional TV stations) (PP-LOC in (NP Queensland state))))))))))) .)) (TOP (S (S (NP-SBJ MGM/UA) (VP has (VP sued (NP Qintex Australia) (PP-CLR for (NP (NP (NP breach) (PP of (NP contract))) and (NP fraud))) (PP over (NP the collapsed acquisition agreement))))) , and (S (NP-SBJ Qintex Australia) (VP has (VP threatened (NP a countersuit)))) .)) (TOP (S (NP-SBJ Qintex Australia) (VP has n't (ADVP yet) (VP reported (NP (NP results) (PP for (NP (NP the fiscal year) (VP ended (NP *) (NP-TMP-CLR July 31))))))) .)) (TOP (S (PP-LOC In (NP his statement)) , (NP-SBJ Mr. Skase) (VP said (SBAR 0 (S (NP-SBJ preliminary accounts) (VP showed (SBAR that (S (NP-SBJ (NP group profit) (PP before (NP interest , tax and depreciation))) `` (VP will (VP exceed (NP (QP A$ 170 million) *U*))))))))) . '')) (TOP (S (NP-SBJ He) (VP gave (NP no further details)) .)) (TOP (S-2 (NP-SBJ-1 (NP Shareholders ') funds) (PP-TMP as (PP of (NP July 31))) (VP were (VP estimated (NP *-1) (PP-CLR at (NP (QP more than A$ 1 billion) *U*)) (PRN , (S (NP-SBJ Mr. Skase) (VP said (SBAR 0 (S *T*-2)))) ,) (PP compared (PP with (NP (NP (QP A$ 725 million) *U*) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The company) (VP will (VP make (NP `` adequate provisions '' (S (NP-SBJ *) (VP to (VP cover (NP (NP (NP costs) (PP of (NP (NP the dispute) (PP with (NP MGM/UA))))) and (NP (NP any loss) (PP from (NP (NP the investment) (PP in (NP Qintex Entertainment))))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Mr. Skase) (ADVP also) (VP disclosed (NP (NP a disagreement) (PP among (NP (NP directors) (PP of (NP Qintex Australia)))) (PP over (NP (NP certain fees) (VP claimed (NP *) (PP by (NP-LGS (NP Qintex Group Management Services Pty.) , (NP (NP a management-services concern) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ Qintex Australia executives) (VP have (NP an interest) (PP-LOC *T*-1)))))))))))) .)) (TOP (S (NP-SBJ Qintex Australia) (VP paid (NP the management company) (NP (QP A$ 32.6 million) *U*) (PP-TMP in (NP the latest fiscal year))) .)) (TOP (S (NP-SBJ Mr. Skase) (VP said (SBAR 0 (S (S (NP-SBJ (NP most) (PP of (NP the money))) (VP went (PP-DIR to (NP other parties)) (PP for (NP (NP expenses) (PP such as (NP rent and travel)))))) , but (S (NP-SBJ-1 a smaller portion) (VP is (VP owed (NP *-1) (PP-DTV to (NP (NP senior executives) and (NP others))) (PP for (NP management services)))))))) .)) (TOP (S (NP-SBJ (NP Non-executive directors) (PP of (NP Qintex Australia)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP must (VP approve (NP (NP payments) (PP to (NP the senior executives))))))) ,) (VP balked (PP-CLR at (NP the amount))) .)) (TOP (S-2 (S (NP-SBJ (NP Two) (PP of (NP the directors))) (VP resigned)) (PRN , (S (NP-SBJ Mr. Skase) (VP said (SBAR 0 (S *T*-2)))) ,) so (S (NP-SBJ-1 the payments) (VP have n't (ADVP yet) (VP been (VP approved (NP *-1))))) .)) (TOP (S-HLN (NP-SBJ (NP Chip 's) Memory) (VP (VP Is (ADVP-LOC-PRD-1 Here) (NP-TMP-2 Today)) , (VP (ADVP-LOC-PRD=1 Here) (NP-TMP=2 Tomorrow))))) (TOP (S (NP-SBJ-2 TWO COMPANIES) (VP plan (S (NP-SBJ *-2) (VP to (VP market (NP (NP a new chip) (PP with (NP (NP ceramic circuits) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP store (NP data) (SBAR-TMP (WHADVP-3 even when) (S (NP-SBJ the power) (VP is (ADVP-PRD off) (ADVP-TMP *T*-3)))))))))))))) .)) (TOP (S (NP-SBJ (NP Today 's) (ADJP (ADVP most widely) used) data-storing chips) (VP have (NP (NP `` volatile '' memories) -- (S (S (NP-SBJ their data) (VP disappear (SBAR-ADV if (S (NP-SBJ they) (VP are n't (VP fed (NP (NP a steady diet) (PP of (NP electricity))))))))) , so (S (NP-SBJ they) (VP need (NP external power supplies)))))) .)) (TOP (S (NP-SBJ-2 (NP National Semiconductor Corp.) and (NP (NP a start-up) (VP named (S (NP-SBJ *) (NP-PRD Ramtron Corp.))))) (VP plan (S (NP-SBJ-3 *-2) (VP to (VP start (S (NP-SBJ *-3) (VP shipping (NP (NP so-called ferroelectric memories) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP can (VP remember (NP data) (PP-TMP for (NP (QP at least 10) years)) (PP-MNR without (NP (NP any current) (VP flowing (PP-CLR to (NP them)))))))))))))))) .)) (TOP (S (NP-SBJ-2 The chips) (VP use (NP (NP materials) , (PP such as (NP lead zirconate titanate)) ,) (S-CLR (NP-SBJ *-2) (VP to (VP form (NP (NP microscopic switches) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP retain (NP their data) (PP-MNR without (NP electricity)))))))))) .)) (TOP (S (NP-SBJ Developers) (VP caution (SBAR that (S (NP-SBJ broad applications) (VP are (ADVP-PRD (NP several years) away) (SBAR-PRP because (S (NP-SBJ-1 the technology) (VP is n't (ADVP fully) (VP refined (NP *-1))))))))) .)) (TOP (S But (NP-SBJ-1 (NP Ramtron) (PP of (NP (NP Colorado Springs) , (NP Colo.) ,))) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP start (S (NP-SBJ *-2) (VP shipping (NP (NP commercial quantities) (PP of (NP simple ferroelectric chips))))) (PP-TMP in (NP December)))))) .)) (TOP (S (NP-SBJ The company) (VP expects (S (NP-SBJ-2 the chips) (ADVP-TMP eventually) (VP to (VP be (VP used (NP *-2) (PP-CLR in (NP (NP devices) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP mimic (NP (NP a whole range) (PP of (NP computer memory equipment)) , (PP including (NP (ADJP floppy-disk and hard-disk) drives))))))))))))) .)) (TOP (S (NP-SBJ National Semiconductor) (VP is (VP getting (NP ferroelectric technology) (PP-CLR from (NP (NP Krysalis Corp.) (PP-LOC in (NP (NP Albuquerque) , (NP N.M))))))) .)) (TOP (S (NP-SBJ National) (VP says (SBAR 0 (S (NP-SBJ-1 it) (VP (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP Krysalis 's) assets))))) and (VP will (VP start (S (NP-SBJ *-1) (VP shipping (NP (NP commercial quantities) (PP of (NP (NP its first chips) , (PP including (NP a 4-kilobit memory)) ,))))) (NP-TMP next year))))))) .)) (TOP (S (SBAR-TMP Once (S (NP-SBJ-1 production hurdles) (VP are (VP overcome (NP *-1))))) , (NP-SBJ the chips) (VP could (VP take (PRT over) (NP (NP a significant part) (PP of (NP the market))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ *-1) (VP not needing (NP an outside power source)))))) , (NP-SBJ-1 they) (VP are (ADVP potentially) (ADJP-PRD cheaper (S (NP-SBJ *) (VP to (VP make (NP *-1))))) (SBAR-TMP because (S (NP-SBJ they) (VP require (NP (NP fewer manufacturing steps) (PP than (NP conventional chips))))))) .)) (TOP (S-1 (NP-SBJ Military buyers) (VP have (VP shown (NP interest) (PRN , (S (NP-SBJ National) (VP says (SBAR 0 (S *T*-1)))) ,) (SBAR-PRP because (S (NP-SBJ ferroelectric chips) (VP resist (NP atomic radiation)))))) .)) (TOP (S And (SBAR-ADV while (S (NP-SBJ-1 (NP (NP today 's) non-volatile chips) -- (PP such as (NP (ADJP electronically erasable) programmable read-only memory chips)) --) (VP ca n't (VP be (VP used (NP *-1) (PP-LOC in (NP (NP a computer 's) central memory)) (SBAR-PRP because (S (NP-SBJ they) (VP `` learn '' (NP data) (ADVP-MNR slowly))))))))) , (NP-SBJ ferroelectric chips) (VP accept (NP data) (PP-TMP at (NP very high speeds))) .)) (TOP (S-HLN (NP-SBJ *) (VP Showing (PRT Up) (PP-LOC-CLR in (NP Court)) (PP-MNR Without (S-NOM (NP-SBJ *) (VP Being (ADVP-LOC-PRD There))))))) (TOP (S (NP-SBJ-1 AN (NAC-LOC AUSTIN , Texas ,) company) (VP plans (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (ADJP-PRD easy) (SBAR-2 for (S (NP-SBJ-3 you) (VP show (PRT up) (PP-LOC-CLR in (NP court)) (ADVP-LOC (NP a thousand miles) away) (PP-MNR without (S-NOM (NP-SBJ *-3) (VP leaving (NP town)))))))))))) .)) (TOP (S (NP-SBJ-1 Witnesses) (ADVP-TMP often) (VP must (VP travel (NP long distances) (S-PRP (NP-SBJ *-1) (VP to (VP give (NP face-to-face depositions) (PP-LOC before (NP (NP lawyers) and (NP court reporters)))))))) .)) (TOP (S (NP-SBJ That) (VP means (NP huge travel bills)) .)) (TOP (S And (NP-SBJ telephone or videotape depositions) (ADVP just) (VP do n't (VP match (NP physical encounters))) .)) (TOP (S (NP-SBJ That) (VP could (VP change , (NP-ADV (NP thanks) (PP to (NP (NP lower long-distance rates) and (NP cheaper electronics)))))) .)) (TOP (S (NP-SBJ-2 (NP Video Telecom Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP markets (NP videoconferencing systems)))) ,) (VP is (VP working (PP with (NP court reporters)) (S-CLR (NP-SBJ *-2) (VP to (VP wire (NP (NP a nationwide network) (SBAR-PRP (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP allow (NP (NP depositions) (PP by (NP live television))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP installed (NP (NP a prototype system) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP connects (NP Dallas) (PP-CLR with (NP Miami)) (PP-MNR over (NP digital phone lines))))))) .)) (TOP (S And (NP-SBJ-1 it) (VP is (VP preparing (S (NP-SBJ *-1) (VP to (VP set (PRT up) (NP shop) (PP-LOC in (NP (NP (NP Chicago) , (NP New York) and (NP 10 other cities)) (SBAR (WHADVP-2 where) (S (NP-SBJ court-reporting agencies) (VP can (VP tie (NP conference rooms) (PP-CLR into (NP the network)) (ADVP-LOC *T*-2)))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ lawyers) (VP arranged (NP individual tie-ups) (ADVP-TMP before)))) , (NP-SBJ (NP the formal network) (PP of (NP court reporters))) (VP should (VP make (S (NP-SBJ things) (ADJP-PRD easier and cheaper)))) .)) (TOP (S (NP-SBJ-1 An attorney) (VP will (VP be (ADJP-PRD able (S (NP-SBJ-2 *-1) (VP to (VP use (NP the network) (PP-CLR for (NP (NP an hourly fee) (PP of (NP (NP (QP between $ 200 and $ 400) *U*) , (PP (NP depending) (PP on (NP (NP the quality) (PP of (NP the picture))))) ,)))) (S-CLR (NP-SBJ *-2) (VP to (VP take (NP depositions) (PP-CLR from (NP (NP witnesses) (PP-LOC in (NP (NP any) (PP of (NP the connected cities))))))))))))))) .)) (TOP (S-HLN (NP-SBJ Japanese) (VP Reverse (NP Tack) (PP On (NP Patent Protection))))) (TOP (S (NP-SBJ (NP (NP JAPAN 'S) MISUSE) (PP of (NP U.S. patents))) (VP has (VP been (NP-PRD (NP a sore point) (PP for (NP American chip makers))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ (QP at least one) Japanese company) (VP is (VP turning (NP-PRD the courtroom tables))) .)) (TOP (S (PP-TMP Until (NP now)) , (NP-SBJ most Japanese charges) (VP have (VP been (NP-PRD (NP responses) (PP to (NP (NP suits) (PP against (NP them))))))) .)) (TOP (S But (NP-TMP last year) (NP-SBJ Hitachi Ltd.) (VP surprised (NP (NP Japan 's) electronics industry) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ it) (VP accused (NP-1 (NP Korea 's) Samsung Electronics Co.) (PP-CLR of (S-NOM (NP-SBJ-3 *-1) (VP using (NP Hitachi technology) (S-CLR (NP-SBJ *-3) (VP to (VP make (NP dynamic random-access memory chips))))))) (ADVP-TMP *T*-2))))) .)) (TOP (S -LRB- (NP-SBJ-1 A settlement) (VP (VP was (VP reached (NP *-1))) but (VP was n't (VP made (S (NP-SBJ *-1) (ADJP-PRD public))))) . -RRB-)) (TOP (S And (NP-SBJ Hitachi) (VP went (PP-CLR on (NP the offensive)) (PP-CLR against (NP (NP the U.S. 's) Motorola Inc.)) (NP-TMP earlier this month) (PP-MNR with (NP (NP a suit) (VP charging (SBAR that (S (NP-SBJ (NP Motorola 's) new MC88200 chip) (VP infringes (PP-CLR on (NP a Hitachi patent))))))))) .)) (TOP (S (NP-SBJ Another recent Hitachi suit) (VP (VP accuses (NP-1 Motorola) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP (ADVP reverse) engineering (NP a Hitachi technology))))) -- (NP (NP a turnabout) (PP from (NP (NP a nation) (PP of (NP champion reverse engineers)))))) .)) (TOP (S (NP-SBJ The moves) (VP illustrate (NP (NP the (ADJP more aggressive) attitude) (PP toward (NP patent protection)) (SBAR (WHNP-1 that) (S (NP-SBJ patent experts) (VP say (SBAR 0 (S (NP-SBJ-2 Japan) (VP is (VP starting (S (NP-SBJ *-2) (VP to (VP take (NP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ Hitachi) (VP made (NP the reverse-engineering charges) (PP-LOC in (NP (NP an amendment) (PP to (NP (NP a counterclaim) (VP filed (NP *) (PP-LOC-CLR in (NP (NP a federal district court) (PP-LOC in (NP Texas)))) (SBAR-TMP after (S (NP-SBJ Motorola) (VP sued (NP Hitachi) (PP-CLR for (NP patent violation))))))))))) .)) (TOP (S (NP-SBJ Hitachi) (VP charges (SBAR 0 (S (NP-SBJ Motorola) `` (VP has (VP engaged (PP-CLR in (NP (ADJP fraudulent and inequitable) conduct)) (PP-LOC in (NP (NP the procurement) (PP of (NP (NP certain Motorola patents) '' (VP used (NP *) (PP-CLR in (NP (NP Motorola 's) MC68030 microprocessor chip)))))))))))) .)) (TOP (FRAG (NP Translation) : (S-4 (NP-SBJ-3 Motorola) (VP appears (S (NP-SBJ-5 *-3) (VP to (VP have (VP (VP taken (NP (NP a Hitachi technology) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP is (VP patented (NP *-1) (PP-LOC in (NP the U.S.)))))))) (PRN , (S (NP-SBJ Hitachi) (VP says (SBAR 0 (S *T*-4)))) ,) and `` (VP tried (S (NP-SBJ *-5) (VP to (VP make (S (NP-SBJ it) (VP look (PP-CLR like (NP a new technology))))))) . ''))))))))) (TOP (S (NP-SBJ Motorola) (VP either (VP (VP denied (NP *RNR*-1)) or (VP would n't (VP comment (PP-CLR on (NP *RNR*-1)))) (NP-1 the various charges))) .)) (TOP (NP-HLN Odds and Ends)) (TOP (S (NP-SBJ-1 (NP COMPUTER chips) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP simulate (NP human vision))))) (VP have (VP been (VP developed (NP *-1) (PP by (NP-LGS (NP Japan 's) Sharp Corp))))) .)) (TOP (S (NP-SBJ-1 They) (VP mimic (NP the brain) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP (VP `` looking '' (PP-CLR at (NP an image))) , (VP extracting (NP (NP the fundamentals) -- (NP boundaries , corners and lines) --)) and (VP translating (NP them) (PP-CLR into (NP computer data))))))) .)) (TOP (S (NP-SBJ Sharp) (VP says (SBAR 0 (S (NP-SBJ (NP the set) (PP of (NP chips))) (VP could (VP improve (NP (NP fax machines) , (NP graphics computers) or (NP (NP identification systems) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP recognize (NP facial features))))))))))) ... .)) (TOP (S (NP-SBJ An N.V . Philips unit) (VP has (VP created (NP (NP a computer system) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP processes (NP video images) (ADVP-MNR (ADVP (NP 3,000 times) faster) (PP than (NP conventional systems))))))))) .)) (TOP (S (S-MNR (NP-SBJ *-2) (VP Using (NP (NP (ADJP reduced instruction-set) computing (PRN , or (NP RISC) ,) chips) (VP made (NP *) (PP by (NP-LGS (NP Intergraph) (PP of (NP (NP Huntsville) , (NP Ala.) ,)))))))) (NP-SBJ-2 the system) (VP splits (NP (NP the image) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP `` sees '' (NP *T*-1))))) (PP-CLR into (NP (NP 20 digital representations) , (NP (NP each) (VP processed (NP *) (PP by (NP-LGS one chip))))))) .)) (TOP (S (NP-SBJ-1 Tandy Corp.) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP sluggish sales) (PP of (NP consumer-electronics goods))))) , (VP said (SBAR 0 (S (NP-SBJ net income) (VP dropped (NP-EXT 3.3 %) (PP for (NP (NP the first quarter) (VP ended (NP *) (NP-TMP-CLR Sept. 30)))))))) .)) (TOP (S (NP-SBJ (NP The results) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP represented (NP (NP the fifth consecutive quarter) (PP of (NP flat-to-lower earnings)) (PP for (NP the big electronics retailer)))))) ,) (VP disappointed (NP analysts and traders)) .)) (TOP (S (NP-SBJ-1 (NP Tandy 's) stock) (VP fell (NP-EXT (NP $ 1.375 *U*) (NP-ADV a share)) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 44 *U*))))) (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (S (NP-SBJ (NP Net) (PP for (NP the quarter))) (VP was (NP-PRD (NP (QP $ 62.8 million) *U*) , or (NP (NP 73 cents) (NP-ADV a share)) ,) (ADVP down (PP from (NP (NP (QP $ 64.9 million) *U*) , or (NP (NP 72 cents) (NP-ADV a share))) , (ADVP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ earnings) (VP would (VP have (VP increased (SBAR-ADV if (S (NP-SBJ it) (VP had n't (VP been (VP (VP (ADVP-MNR actively) repurchasing (NP its shares)) , (ADVP thus) (VP (VP increasing (NP its interest expense)) and (VP reducing (NP its interest income)))))))))))))) .)) (TOP (S (NP-SBJ Tandy) (VP had (NP (NP (QP 86.3 million) shares) (ADJP outstanding) (ADVP *ICH*-1)) (PP-TMP at (NP Sept. 30)) , (ADVP-1 down (PP from (NP (QP 90 million)) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 5 %) (PP-DIR to (NP (QP $ 986 million) *U*)) (PP-DIR from (NP (QP $ 937 million) *U*))) .)) (TOP (S (NP-SBJ Tandy) (VP said (SBAR 0 (S (NP-SBJ (NP consumer electronics sales) (PP-LOC at (NP its Radio Shack stores))) (VP have (VP been (ADJP-PRD slow) , (PP-PRP partly because of (NP (NP a lack) (PP of (NP hot , new products))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 Radio Shack) (VP continues (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD lackluster)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Dennis Telzrow) , (NP (NP analyst) (PP with (NP (NP Eppler , Guerin & Turner) (PP-LOC in (NP Dallas)))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (S (NP-SBJ-2 Tandy) `` (VP has (VP done (NP a decent job) '' (S-CLR (NP-SBJ-3 *-2) (VP increasing (NP sales) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP (VP manufacturing (NP computers) (PP-BNF for (NP others))) and (VP expanding (NP (NP sales) (PP of (NP (NP its Grid Systems Corp. subsidiary) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP sells (NP computers) (PP-DTV to (NP bigger businesses))))))))))))))))) , but `` (S (NP-SBJ it) (VP 's not (ADJP-PRD enough (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP to (VP offset (NP (NP the problems) (PP-LOC at (NP Radio Shack))))))))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ (NP Sales) (PP-LOC at (NP (NP Radio Shack stores) (RRC (ADJP open) (NP-TMP (QP more than a) year))))) (VP grew (NP (QP only 2) %) (PP-TMP in (NP the quarter)) (PP from (NP a year earlier)))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ Mr. Telzrow) (VP said (SBAR 0 (S (NP-SBJ he) (VP cut (NP (NP his fiscal 1990 per-share earnings estimate) (PP for (NP Tandy))) (PP-DIR to (NP $ 4.05 *U*)) (PP-DIR from (NP $ 4.20 *U*)))))) .)) (TOP (S (NP-SBJ Tandy) (VP earned (NP (NP (QP $ 88.8 million) *U*) , or (NP (NP $ 3.64 *U*) (NP-ADV a share)) ,) (PP-TMP in (NP (NP the year) (VP ended (NP *) (NP-TMP-CLR June 30))))) .)) (TOP (S (NP-SBJ (NP Barry Bryant) , (NP (NP an analyst) (PP with (NP Drexel Burnham Lambert Inc.))) ,) (VP said (SBAR 0 (S (NP-SBJ Tandy) (ADVP also) (VP has (VP suffered (PP-CLR from (NP (NP lethargic sales) (PP of (NP (NP its computers) (VP aimed (NP *) (PP-DIR at (NP the (ADJP home and small-office) market))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD (ADJP less-advanced and cheaper) (PP than (NP (NP computers) (VP aimed (NP *) (PP-DIR at (NP the corporate market)))))))))))))))))) .)) (TOP (S (NP-SBJ Tandy) (VP (VP has (VP added (NP (NP several new products) (PP *ICH*-3)) (PP-CLR to (NP that line)) , (PP-3 including (NP (NP a laptop computer) (VP priced (NP *) (PP-CLR around (NP $ 1,000 *U*))))) ,)) and (VP is (VP focusing (NP its advertising) (PP-CLR on (NP (NP the easy-to-use software) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP is (VP packaged (NP *-1) (PP-CLR with (NP its machines))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Bryant) and (NP other analysts)) (VP hope (SBAR 0 (S (NP-SBJ-1 all those moves) (VP will (VP combine (S (NP-SBJ *-1) (VP to (VP help (S (NP-SBJ (NP Tandy 's) results) (VP improve (PP-TMP in (NP the important Christmas quarter)))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ They) (VP 've (VP been (VP promising (NP (NP (ADJP (QP 13 % to 15 %) *U*) growth) (VP based (NP *) (PP-CLR on (NP (NP the strategic moves) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP 've (VP made (NP *T*-1))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ-1 the earnings acceleration) (VP is (S (NP-SBJ *-1) (VP to (VP take (NP-CLR place))))))) , (NP-SBJ that) (VP should (VP be (NP-PRD the quarter))) .)) (TOP (S (PP-LOC At (NP a private dinner)) (NP-TMP Thursday) , (NP-SBJ Drexel Burnham Lambert Inc. chief executive Frederick Joseph) (VP delivered (NP (NP a sobering message) (PP about (NP the junk bond market))) (PP-CLR to (NP (NP officials) (PP of (NP (NP Prudential Insurance Co.) (PP of (NP America))))))) .)) (TOP (S (NP-SBJ Mr. Joseph) (VP conceded (SBAR 0 (S (NP-SBJ the junk market) (VP was (PP-PRD in (NP disarray)) , (PP according (PP to (NP (NP people) (ADJP familiar (PP with (NP the discussion)))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 (NP Drexel) -- (NP (NP the leading underwriter) (PP of (NP high-risk junk bonds))) --) (VP could (ADVP-TMP no longer) (VP afford (S (NP-SBJ *-1) (VP to (VP sell (NP any junk offerings) (SBAR-ADV if (S (NP-SBJ they) (VP might (ADVP-TMP later) (VP become (ADJP-PRD troubled)))))))) (SBAR-TMP because (S (NP-SBJ-2 Drexel) (VP risked (S (NP-SBJ *-2) (VP losing (NP its (ADJP highly lucrative) junk franchise))))))))))) .)) (TOP (S (NP-SBJ The dinner) (VP was (NP-PRD a stark confirmation (SBAR that (S (NP-SBJ 1989) (VP is (NP-PRD (NP the worst year ever) (PP for (NP the (ADJP (QP $ 200 billion) *U*) junk market)))))))) .)) (TOP (S And (NP-SBJ (NP investors and traders) (ADVP alike)) (VP say (SBAR 0 (S (NP-SBJ-1 the current turmoil) (VP could (VP take (NP years) (S-CLR (NP-SBJ *-1) (VP to (VP resolve)))))))) .)) (TOP (S (PP-LOC Amid (NP the market disorder)) , (NP-SBJ (NP even Drexel) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP the (ADJP (ADJP widest) and (ADJP most loyal)) following) (PP of (NP junk bond investors)))))) ,) (VP is (VP pulling (ADVP-DIR in) (NP its horns))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the big investment bank) (ADVP still) (VP dominates (NP the junk market)))) , (NP-SBJ-1 Drexel) (VP has (VP been (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP stem (NP (NP the fallout) (PP from (NP (NP growing junk bond defaults) , (NP withdrawn new offerings) , (NP (NP redemptions) (PP by (NP (NP shareholders) (PP in (NP junk bond mutual funds))))) and (NP (NP an exodus) (PP of (NP once-devoted investors)))))))))))) .)) (TOP (S (PP For (NP many money managers)) , (NP-SBJ the past four months) (VP have (VP been (ADJP-PRD humiliating))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ This) (VP is (NP-PRD (NP the worst shakeout) (ADVP-TMP ever) (PP-LOC in (NP the junk market))))) , and (S (NP-SBJ it) (VP could (VP take (NP years) (SBAR-TMP before (S (NP-SBJ it) (VP 's (ADVP-PRD over)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mark Bachmann) , (NP (NP a senior vice president) (PP-LOC at (NP (NP (NP Standard & Poor 's) Corp.) , (NP a credit rating company))))) .)) (TOP (S (PP-TMP In (NP the third quarter)) , (PP for (NP example)) , (NP-SBJ (NP junk bonds) -- (NP (NP those) (PP with (NP (NP less) (PP than (NP an investment-grade rating))))) -- (NP *ICH*-1)) (VP showed (NP negative returns) , (NP-1 (NP the only major sector) (PP of (NP the bond market)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP do (ADVP so))))))) .)) (TOP (S (PP-TMP Since (NP (NP the end) (PP of (NP last year)))) , (NP-SBJ-1 junk bonds) (VP have (VP been (VP outperformed (NP *-1) (PP by (NP-LGS (NP all categories) (PP of (NP investment-grade bonds)) , (PP including (NP ultra-safe Treasury securities))))))) .)) (TOP (S (NP-SBJ (NP The junk market) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP mushroomed (PP-DIR to (NP (QP $ 200 billion) *U*)) (PP-DIR from (NP (QP less than $ 2 billion) *U*)) (PP-TMP at (NP (NP the start) (PP of (NP the decade))))))) ,) (VP has (VP been (VP declining (PP-TMP for (NP months)) (SBAR-ADV as (S (NP-SBJ issuers) (VP have (VP stumbled (PP-LOC under (NP (NP the weight) (PP of (NP hefty interest payments))))))))))) .)) (TOP (S (NP-SBJ The fragile market) (VP received (NP its biggest jolt last month) (PP-CLR from (NP (NP Campeau Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP created (NP its U.S. retailing empire) (PP with (NP (NP (QP more than $ 3 billion) *U*) (PP in (NP junk financing)))))))))) .)) (TOP (S (NP-SBJ Campeau) (VP developed (NP (NP a cash squeeze) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP caused (S (NP-SBJ it) (VP (VP to (VP be (ADJP-PRD tardy (PP on (NP some interest payments))))) and (VP to (VP put (NP its prestigious (NP Bloomingdale 's) department store chain) (PRT up) (PP-CLR for (NP sale))))))))))) .)) (TOP (S (PP-TMP At (NP that point)) , (NP-SBJ the junk market) (VP went (PP-DIR into (NP a tailspin)) (SBAR-TMP as (S (S (NP-SBJ buyers) (VP disappeared)) and (S (NP-SBJ-1 investors) (VP tried (S (NP-SBJ *-1) (VP to (VP sell)))))))) .)) (TOP (S (PP-LOC In (NP an interview)) , (NP-SBJ Mr. Joseph) (VP says (SBAR 0 (S (NP-SBJ (NP his dinner discussion) (PP with (NP the Prudential executives))) (VP acknowledged (NP (NP problems) (PP for (NP junk))))))) .)) (TOP (S `` (S-TPC-3 (SBAR-NOM-SBJ (WHNP-2 What) (S (NP-SBJ I) (VP thought (SBAR 0 (S (NP-SBJ I) (VP was (VP saying (NP *T*-2)))))))) (VP is (SBAR-PRD that (S (NP-SBJ the market) (VP (VP is (ADJP-PRD (ADJP troubled) but (ADJP still viable) and (PRN , (ADVP appropriately enough) ,) (ADVP quite quality-conscious))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is not (ADJP-PRD (ADVP at all) bad))))))))) , '' (NP-SBJ he) (VP says (S *T*-3)) .)) (TOP (S `` (S (NP-SBJ Nobody) (VP 's (VP been (ADJP-PRD perfect) (PP-LOC in (NP their credit judgments)) (NP-TMP the past couple years)))) , and (S (NP-SBJ-1 we) (VP 're (VP going (S (NP-SBJ *-1) (VP to (VP make (ADJP sure (SBAR 0 (S (NP-SBJ-2 our default rates) (VP are (VP going (S (NP-SBJ *-2) (VP to (VP be (PP-LOC-PRD in (NP (NP the acceptable parameters) (PP of (NP the market)))))))))))))))))) . '')) (TOP (S (SBAR-NOM-SBJ (WHNP-2 What) (S (NP-SBJ *T*-2) (VP has (VP jolted (NP many junk buyers))))) (VP is (NP-PRD the sudden realization (SBAR that (S (NP-SBJ-1 junk bonds) (VP can not (ADVP necessarily) (VP be (VP bought and sold (NP *-1) (PP-MNR with (NP (NP the ease) (PP of (NP (NP common stocks) and (NP many investment-grade bonds)))))))))))) .)) (TOP (S (PP Unlike (NP (NP the New York Stock Exchange) , (SBAR (WHADVP-2 where) (S (NP-SBJ-3 buyers and sellers) (VP are (ADVP-MNR quickly) (VP matched (NP *-3) (ADVP-LOC *T*-2))))) ,)) (NP-SBJ-5 (NP the junk market) , (SBAR (WHADVP-4 where) (S (NP-SBJ-1 risky corporate loans) (VP are (VP traded (NP *-1) (ADVP-LOC *T*-4))))) ,) (VP is (ADVP-TMP sometimes) (VP closed (NP *-5) (PP-PRP for (NP repairs)))) .)) (TOP (S (PP-LOC At (NP (ADJP closely held) Deltec Securities Corp.)) , (NP-SBJ junk bond money managers (NX (NX Amy K. Minella) and (NX Hannah H. Strasser))) (VP say (SBAR 0 (S (NP-SBJ (NP the problems) (PP of (NP the junk market))) (VP go (ADVP (ADVP deeper) (PP than (NP a temporary malaise))))))) .)) (TOP (S-1 (PP-TMP In (NP recent months)) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-1)))) ,) (NP-SBJ there) (VP has (VP been (NP-PRD (NP heavy selling) (PP of (NP junk bonds)) (PP by (NP (NP some) (PP of (NP (NP the market 's) traditional investors))))) , (SBAR-ADV while (S (NP-SBJ-2 new buyers) (VP have n't (VP materialized (S-CLR (NP-SBJ *-2) (VP to (VP replace (NP them)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Wall Street securities firms) , `` (NP (NP the primary source) (PP of (NP liquidity)) (PP for (NP the high yield market))) , '') (VP have (VP been (NP-PRD (NP net sellers) (PP of (NP junk bonds))) (PP-PRP because of (NP trading losses))))) , (NP-SBJ Deltec) (VP said (SBAR 0 (S *T*-1)) (PP-LOC in (NP (NP a recent , grim report) (PP to (NP customers))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Mutual funds) (VP have (ADVP also) (VP been (NP-PRD (NP net sellers) (PP of (NP junk bonds))) (SBAR-ADV as (S (NP-SBJ (NP junk 's) (NX (NX (ADJP relatively poor) performance) and (NX negative press coverage))) (VP have (VP produced (NP (NP `` above-normal '' redemptions) (PP by (NP shareholders)))))))))) , (NP-SBJ Deltec) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ-2 Investors) , (S-ADV (NP-SBJ-1 *-2) (VP trying (S (NP-SBJ *-1) (VP to (VP raise (NP cash)))))) , (VP have (VP sold (NP `` (NP large liquid issues) '' (PP such as (NP (NP RJR Holdings Corp.) and (NP Kroger Co.))))))) ; (S (NP-SBJ (NP declines) (PP in (NP these benchmark issues))) (VP have (VP contributed (PP-CLR to (NP (NP the market 's) distress))))) .)) (TOP (S-3 And (PRN , (S (NP-SBJ Deltec) (VP said (SBAR 0 (S *T*-3)))) ,) (NP-SBJ-1 buying) (VP has (VP been (ADVP-MNR severely) (VP reduced (NP *-1) (SBAR-PRP because (S (NP-SBJ-2 savings and loans) (VP have (VP been (VP restricted (NP *-2) (PP-LOC in (NP their junk purchases)) (PP by (NP-LGS (ADJP recently passed) congressional legislation)))))))))) .)) (TOP (S `` (S-TPC-1 (PP In (NP fact)) , (NP-SBJ savings and loans) (VP were (NP-PRD (NP sellers) (PP of (NP high yield holdings))) (PP-TMP throughout (NP the quarter)))) , '' (NP-SBJ Deltec) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Ms. Minella) and (NP Ms. Strasser)) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP are (VP managing (NP their junk portfolios) (ADVP-MNR defensively) , (S-MNR (NP-SBJ *-1) (VP (VP building (NP cash)) and (VP (ADVP selectively) upgrading (NP the overall quality))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP Prudential) , (NP (NP (NP the nation 's) largest insurer) and (NP (NP the biggest investor) (PP in (NP junk bonds)))) ,) (VP has (VP seen (S (NP-SBJ (NP the value) (PP of (NP its junk bond portfolio))) (VP drop (PP-DIR to (NP (QP $ 6.5 billion) *U*)) (PP-DIR from (NP (QP $ 7 billion) *U*)) (PP-TMP since (NP August)) (PP-PRP because of (NP falling junk prices)))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ We) (ADVP certainly) (VP do (VP have (NP (NP a lack) (PP of (NP liquidity))) (ADVP-LOC here)))) , and (S (NP-SBJ it) (VP 's (NP-PRD (NP something) (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP be (ADJP-PRD concerned (PP about (NP *T*-3))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP James A. Gregoire) , (NP a managing director)) .)) (TOP (S `` (S (NP-SBJ I) (VP have (NP (NP no reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP think (SBAR 0 (S (NP-SBJ things) (VP will (VP get (ADJP-PRD worse))))) (ADVP-PRP *T*-1)))))))) , but (S (NP-SBJ-2 this market) (VP has (NP (NP a knack) (PP for (S-NOM (NP-SBJ *-2) (VP surprising (NP us))))))) .)) (TOP (S (NP-SBJ This market) (VP teaches (NP-1 us) (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD humble))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ (NP The junk market 's) `` yield hogs) (VP are (VP learning (NP a real painful lesson))) , '') (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (SINV (S-1 (SBAR-ADV Although (S (NP-SBJ (NP the majority) (PP of (NP (NP junk bonds) (ADJP outstanding)))) (VP show (NP (NP no signs) (PP of (NP default)))))) , (NP-SBJ the market) (VP has (VP downgraded (NP many junk issues) (SBAR-ADV as if (S (NP-SBJ they) (VP were (PP-PRD in (NP trouble)))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Stuart Reese) , (NP (NP manager) (PP of (NP (NP Aetna Life & Casualty Insurance Co. 's) (ADJP (QP $ 17 billion) *U*) investment-grade public bond portfolio)))) .)) (TOP (S `` But (NP-SBJ we) (VP think (SBAR 0 (S (NP-SBJ (NP the risks) (PP *ICH*-1)) (VP are (ADVP-LOC-PRD there) (PP-1 for (S-NOM (NP-SBJ things) (VP getting (NP a lot worse)))))))) .)) (TOP (S (S-TPC-1 And (NP-SBJ the risks) (VP are n't (ADJP-PRD appropriate (PP for (NP us))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ The big insurer) , (PP unlike (NP Prudential)) , (VP owns (NP (NP (QP only about $ 150 million) *U*) (PP of (NP (ADJP publicly sold) junk bonds)))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The string) (PP of (NP (NP big junk bond defaults) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (VP been (NP-PRD (NP a major cause) (PP of (NP (NP the market 's) problems))) (NP-TMP this year))))) ,))) (ADVP probably) (VP will (VP persist))) , (NP-SBJ some analysts) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (SINV `` (S-TPC-2 (FRAG-ADV If (NP anything)) , (NP-SBJ-1 we) (VP 're (VP going (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ defaults) (VP increase)) (SBAR-PRP because (S (NP-SBJ credit ratings) (VP have (VP declined)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Paul Asquith) , (NP (NP associate professor) (PP-LOC at (NP (NP (NP (NP the Massachusetts Institute) (PP of (NP Technology)) 's) Sloan School) (PP of (NP Management)))))) .)) (TOP (S (NP-SBJ (NP Mr. Asquith) , (SBAR (WHNP-2 (WHNP whose study) (PP on (NP junk bond defaults))) (S (NP-SBJ *T*-2) (VP caused (NP a furor) (PP-LOC on (NP Wall Street)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 it) (VP was (VP disclosed (NP *-1) (NP-TMP last April) (ADVP-TMP *T*-3)))))))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP this year 's) junk bond defaults) (ADVP already) (VP show (NP (NP a high correlation) (PP with (NP his own findings))))))) .)) (TOP (S (NP-SBJ His study) (VP showed (SBAR that (S (NP-SBJ junk bonds) (PP-TMP over (NP time)) (VP had (NP (NP a cumulative default rate) (PP of (NP 34 %))))))) .)) (TOP (S-3 (NP-SBJ (NP One indication) (PP of (NP (NP a growing number) (PP of (NP junk defaults))))) (PRN , (S (NP-SBJ Mr. Asquith) (VP says (SBAR 0 (S *T*-3)))) ,) (VP is (SBAR-PRD that (S (NP-SBJ (NP (QP about half of the $ 3 billion) *U*) (PP of (NP (NP (NP corporate bonds) (ADJP outstanding)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP have (VP been (VP lowered (NP *-1) (PP-DIR to (NP a default rating)) (PP by (NP-LGS S&P)) (NP-TMP this year))))))))) (VP are (NP-PRD (NP junk bonds) (VP sold (NP *) (PP-TMP during (NP (NP (NP the market 's) big issue years) (PP of (NP (NP 1984) (PP through (NP 1986)))))))))))) .)) (TOP (S (NP-SBJ (NP These bonds) , (VP (ADVP-TMP now) rated (S (NP-SBJ *) (ADJP-PRD single-D))) ,) (VP include (NP (NP junk offerings) (PP by (NP (NP AP Industries) , (NP (NP Columbia Savings) (PRN -LRB- (NP-LOC Colorado) -RRB-)) , (NP First Texas Savings Association) , (NP Gilbraltar Financial Corp.) , (NP Integrated Resources Inc.) , (NP Metropolitan Broadcasting Corp.) , (NP Resorts International Inc.) , (NP Southmark Corp.) and (NP Vyquest Inc))))) .)) (TOP (SINV `` (S-TPC-2 (ADVP Obviously) , (NP-SBJ we) (VP got (NP (NP (ADJP (NP-ADV a lot) more) smoke) (PP than (NP fire))) (PP-CLR from (NP (NP the people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP told (NP us) (SBAR 0 (S (NP-SBJ the market) (VP was n't (ADJP-PRD so risky))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Bradford Cornell) , (NP (NP professor) (PP of (NP finance)) (PP-LOC at (NP (NP (NP (NP University) (PP of (NP California)) 's) Anderson Graduate School) (PP of (NP Management)) (PP-LOC in (NP Los Angeles)))))) .)) (TOP (S (NP-SBJ Mr. Cornell) (VP has (ADVP just) (VP completed (NP (NP a study) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP finds (SBAR that (S (NP-SBJ (NP the risks and returns) (PP of (NP junk bonds))) (VP are (ADJP-PRD (ADJP (ADJP less) (PP than (PP on (NP common stocks)))) but (ADJP (ADJP more) (PP than (PP on (NP investment-grade bonds)))))))))))))) .)) (TOP (S (NP-SBJ Mr. Cornell) (VP says : `` (S (S (NP-SBJ The junk market) (VP is (NP-PRD no bonanza) (SBAR-ADV as (S (NP-SBJ Drexel) (VP claimed (SBAR 0 (S *?*))))))) , but (S (NP-SBJ it) (ADVP also) (VP is n't (NP-PRD a disaster) (SBAR-ADV as (S (NP-SBJ the doomsayers) (VP say (SBAR 0 (S *?*))))))))) . '')) (TOP (S (PP Despite (NP (NP the junk market 's) problems)) , (NP-SBJ-2 Drexel) (VP continues (S (NP-SBJ *-2) (VP to (VP enjoy (NP (NP a loyalty) (PP-LOC among (NP junk bond investors)) (SBAR (WHNP-1 that) (S (NP-SBJ its Wall Street rivals) (VP have n't (VP found (NP *T*-1)))))))))) .)) (TOP (S (PP-TMP During (NP the past three weeks)) , (PP for (NP example)) , (NP-SBJ Drexel) (VP has (VP sold (NP (NP (QP $ 1.3 billion) *U*) (PP of (NP (NP new junk bonds) (PP for (NP (NP Turner Broadcasting Co.) , (NP Uniroyal Chemical) , (NP Continental Air) and (NP Duff & Phelps)))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP the list) (PP of (NP troubled Drexel bond offerings))) (VP dwarfs (NP (NP that) (PP of (NP (NP any firm) (PP-LOC on (NP Wall Street))))) , (SBAR-ADV as (SINV (VP does) (NP-SBJ its successful offerings)))) .)) (TOP (S (NP-SBJ Troubled Drexel-underwritten issues) (VP include (NP (NP Resorts International) , (NP Braniff) , (NP Integrated Resources) , (NP SCI TV) , (NP Gillette Holdings) , (NP Western Electric) and (NP Southmark))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 Quality junk bonds) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP trade (ADVP-MNR well))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Michael Holland) , (NP (NP chairman) (PP of (NP Salomon Brothers Asset Management Inc)))) .)) (TOP (S `` But (NP-SBJ (NP the deals) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (ADVP-TMP never) (VP should (VP have (VP been (VP brought (NP *-2)))))))) (VP have (ADVP-TMP now) (VP become (NP-PRD nuclear waste))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ (NP Helen Boehm) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP owns (NP an art porcelain company)))) ,) (VP sipped (NP her luncheon cocktail)))) , (NP-SBJ she) (VP reeled (PRT off) (NP (NP the names) (PP of (NP a few pals)) -- (NP (NP Prince Charles) , (NP Princess Diana) , (NP Sarah Ferguson) , (NP John Kluge) , (NP Milton Petrie)))) .)) (TOP (S (ADVP-TMP Then) , (S-ADV (NP-SBJ *-1) (VP flashing (NP (NP a diamond ring) (ADJP (ADJP as big) (PP as (NP the Ritz))) (PRN -LRB- (FRAG `` (NP my day diamond) , (NP-VOC darling) '') -RRB-)))) , (NP-SBJ-1 she) (VP told (NP her two companions) (SBAR that (S (NP-SBJ she) (VP is (PP-LOC-PRD on (NP (NP the `` board '') (PP of (NP (NP the Vatican Museum) (PP-LOC in (NP Rome)))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ it) (VP turns (PRT out)))) , (NP-SBJ the board) (VP has (NP (NP a lot) (PP of (NP (NP important members) , (PP including (NP (NP (NP Winton Blount) -LRB- (NP (NP former postmaster general) (PP of (NP the U.S.))) -RRB-) , (NP (NP Mrs. Henry Gaisman) -LRB- (NP (NP widow) (PP of (NP (NP the inventor) (PP of (NP auto-strop razor))))) -RRB-) and (NP (NP Vincent Murphy) -LRB- (NP (NP an investment banker) (PP-LOC at (NP Merrill Lynch & Co)))))))))) . -RRB-)) (TOP (S But (NP-SBJ Mrs. Boehm) (VP did n't (VP mention (NP (NP any) (PP of (NP them))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Helen Boehm) (VP has (NP (NP a way) (PP with (NP names))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP James Revson) , (NP (NP (NP a gossip columnist) (PP for (NP Newsday))) -LRB- and (NP (NP son) (PP of (NP (NP Joseph Revson) , (NP (NP a founder) (PP of (NP Revlon)))))) -RRB-)) .)) (TOP (FRAG Like (SBAR (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD droppable)))) and (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP are not (ADJP-PRD *?*))))) .)) (TOP (S (PP With (NP (NP the fall social season) (PP (ADVP well) under (NP way)))) , (NP-SBJ-1 name-droppers) (VP are (ADVP-LOC-PRD out) (PP-MNR in (NP force)) , (S-ADV (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP (VP impress (NP their betters)) and (VP (ADVP-TMP sometimes) put (PRT down) (NP their lessers)))))))) .)) (TOP (S (S But (NP-SBJ the truth) (VP is (SBAR-PRD that (S (NP-SBJ (NP almost everyone) , (PP (PP from (NP real-estate agents)) (PP to (NP city fathers))) ,) (VP name-drops))))) ; and (S (NP-SBJ (NP a surprising number) (PP of (NP people))) (VP have (NP (NP an ancient uncle) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP claims (SBAR 0 (S (NP-SBJ he) (VP lived (ADVP-LOC next door (PP to (NP (NP the cartoonist) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP did (NP the Katzenjammer Kids)))))))))))))))) .)) (TOP (S -LRB- (SBAR-ADV In case (S (NP-SBJ you) (VP have (VP forgotten)))) , (NP-SBJ his name) (VP was (NP-PRD Rudolph Dirks)) . -RRB-)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Name-dropping) (VP is (UCP-PRD (ADJP-PRD pervasive) and (VP getting (ADVP more so) (SBAR-TMP as (S (NP-SBJ society) (VP becomes (ADJP-PRD more complex and alienating)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Herbert Freudenberger) , (NP (NP a New York psychoanalyst) , (PP with (NP a high-powered clientele)))) .)) (TOP (S `` (NP-SBJ It) (VP can (VP be (NP-PRD (NP an avenue) (PP of (NP (NP entrance) (PP to (NP (NP a certain sector) (PP of (NP society))))))))) ... .)) (TOP (S (NP-SBJ It) (VP (VP provides (NP some people) (NP (NP a needed sense) (PP of (NP affiliation)))) and (VP can (VP help (VP open (PRT up) (NP (NP a conversation) (PP with (NP (NP someone) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP do n't (VP know (NP *T*-1)))))))))))) . '')) (TOP (PP Like (NP (NP the Long Island matron) (PP-LOC in (NP the theater district)) (NP-TMP the other day) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP swore (PP-CLR to (NP a stranger)) (SBAR that (S (NP-SBJ she) (ADVP-TMP once) (VP met (NP Liza Minnelli)))))))) .)) (TOP (S `` (NP-SBJ I) (VP was (VP having (NP a drink) (PP-LOC in (NP Sardi 's)) , (SBAR-TMP (WHADVP-1 when) (S (NP-ADV (NP all) (PP of (NP a sudden))) (S (NP-SBJ I) (VP saw (S (NP-SBJ (NP a woman 's) backside) (VP coming (PP up (NP (NP the steps) (PP-LOC on (NP the second floor)))))))) and (S (NP-SBJ she) (VP was (VP wearing (NP sequined slacks)))) (ADVP-TMP *T*-1))))) .)) (TOP (S (S (NP-SBJ I) (VP knew (SBAR 0 (S (NP-SBJ it) (VP was (NP-PRD someone important)))))) , so (S (NP-SBJ I) (VP followed (NP her) (PP-DIR into (NP the ladies room)))) and (S (ADVP sure enough) , (NP-SBJ it) (VP was (NP-PRD Liza))) .)) (TOP (S So (NP-SBJ I) (VP said , ` (INTJ Hello)) . ')) (TOP (S And (NP-SBJ she) (VP said , ` (INTJ Hello)) . ')) (TOP (SQ Can (NP-SBJ you) (VP imagine) ?)) (TOP (S (NP-SBJ Liza) (VP said (INTJ hello) (PP-CLR to (NP me))) . '')) (TOP (S (S (NP-SBJ Some people) (VP must (VP drop (NP names)))) -- (S (NP-SBJ *) (VP call (S (NP-SBJ it) (NP-PRD an irresistible impulse)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-3 They) (VP ca n't (VP help (S (NP-SBJ *-3) (VP talking (PP-CLR about (NP (NP the big important people) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP know (NP *T*-1)))))) , (SBAR-ADV even if (S (NP-SBJ they) (VP do n't (ADVP really) (VP know (NP them)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ Dr. Freudenberger) .)) (TOP (S (NP-SBJ (NP Beauregard Houston-Montgomery) , (NP (NP a New York writer) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP changed (NP his name) (PP-CLR from (NP William Stretch)) (PP-TMP in (NP 1980)))))) ,) (VP is (NP-PRD an inveterate name-dropper)) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ I) (VP do (NP it) (ADVP-MNR innately and pathologically))) , and (S (SBAR-ADV while (S (NP-SBJ it) (VP may (ADVP-TMP occasionally) (VP get (NP me) (PP-CLR into (NP trouble)))))) , (NP-SBJ it) (VP 's (ADVP also) (VP gotten (NP me) (NP (NP access) (PP to (NP parties and society))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Name-dropping) (ADVP-TMP recently) (VP helped (S (NP-SBJ Mr. Houston-Montgomery) (VP crash (NP (NP a party) (SBAR (WHNP-1 0) (S (NP-SBJ Fame magazine) (VP threw (NP *T*-1) (PP-CLR for (NP (NP 100) (PP of (NP (NP the 2,809 people) (VP mentioned (NP *) (PP-LOC in (NP (NP the diaries) (PP of (NP the late Andy Warhol)))))))))))))))) .)) (TOP (SINV `` (S-TPC-3 (S (NP-SBJ I) (VP guess (SBAR 0 (S (NP-SBJ I) (VP might (VP have (VP asked (NP-1 Beauregard) (S (NP-SBJ *-1) (VP to (VP leave)))))))))) , but (S (NP-SBJ he) (VP drops (NP (NP (ADJP so many) good names) , (SBAR 0 (S (NP-SBJ-2 we) (VP decided (S (NP-SBJ *-2) (VP to (VP let (S (NP-SBJ him) (VP stay)))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Steven Greenberg) , (NP (NP publisher) (PP of (NP Fame)))) .)) (TOP (S `` (PP After (NP all)) , (NP-SBJ-1 Warhol) (VP was (NP-PRD the ultimate namedropper) , (S-ADV (NP-SBJ *-1) (VP dropping (NP (NP five) (NP-ADV a day)) (PP-LOC in (NP his diaries))))) .)) (TOP (S And (NP-SBJ Beauregard) (VP was (VP mentioned (ADVP twice) (PRN -- (PP although (UCP-MNR (ADVP very briefly) and (PP in (NP passing))))))) . '')) (TOP (S (NP-SBJ Mr. Houston-Montgomery) (VP says (SBAR that (S (PP-LOC at (NP the party)) (NP-SBJ he) (VP waved (PP-DIR to (NP (NP (NP Malcolm Forbes) , (NP (NP publisher) (PP of (NP Forbes magazine))) (PRN -LRB- (S `` (NP-SBJ We've) (VP been (PP-LOC-PRD in (NP the columns)) (ADVP together)) '') -RRB-)) , (NP (NP Mary Boone) , (NP a New York art dealer) (PRN -LRB- `` (S (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ she) (VP knows (NP me)))))) , but (S (NP-SBJ I) (VP 'm not (ADJP-PRD sure)))) '' -RRB-)) and (NP (NP Bridget Fonda) , (NP the actress) (PRN -LRB- `` (S (S (NP-SBJ She) (VP knows (NP me))) , but (S (NP-SBJ we) (VP 're not (ADVP really) (NP-PRD (NP the best) (PP of (NP friends)))))) '' -RRB-)))))))) .)) (TOP (S (NP-SBJ (NP Mr. Revson) , (NP the gossip columnist) ,) (VP says (SBAR 0 (S (NP-SBJ there) (VP are (NP-PRD (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ-4 *T*-1) (ADVP actually) (VP plan (SBAR (WHNP-2 whose names) (S (NP-SBJ-3 they) (VP are (VP going (S (NP-SBJ *-3) (VP to (VP drop (NP *T*-2)))))))) (PP-TMP before (S-NOM (NP-SBJ *-4) (VP attending (NP a party)))))))))))) .)) (TOP (S (NP-SBJ These droppers) (VP do n't (VP flaunt (ADVP only) (NP (NP their friendships) (PP with (NP (NP the Trumps) , (NP Brooke Astor) or (NP Georgette Mosbacher)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ They) (ADVP even) (VP drop (NP (NP semi-obscure names) (PP like (NP (NP Wolfgang Flottl) , (SBAR (WHNP-2 whom) (S (S (NP-SBJ everybody) (NP-TMP these days) (ADVP apparently) (VP has (VP heard (PP-CLR of (NP *T*-2))))) but (S (NP-SBJ no one) (ADVP really) (VP knows (NP *T*-2)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Revson) .)) (TOP (S-CLF `` (NP-SBJ It) (VP 's (NP-PRD (NP the one-upsmanship) (PP of (NP name-dropping))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP counts)))) . '')) (TOP (S But (NP-SBJ name-dropping) (VP has (NP (NP other benefits) , (RRC (ADVP-TMP often) (ADJP civic)))) .)) (TOP (S (PP (PP In (NP (NP the name) (PP of (NP civic pride)))) and (PP from (NP the desire (S (NP-SBJ *) (VP to (VP nullify (NP a negative image))))))) , (NP-SBJ-1 some city promoters) (VP seek (S (NP-SBJ *-1) (VP to (VP link (NP their municipality) (PP-CLR with (NP (NP the (ADJP most recognizable) names) (SBAR (WHNP-2 0) (S (NP-SBJ-3 the city) (VP has (NP *T*-2) (S-CLR (NP-SBJ *-3) (VP to (VP offer)))))))))))) .)) (TOP (S (NP-SBJ *) (VP Take (NP Cleveland)) .)) (TOP (S (NP-SBJ It) (VP has (VP gotten (NP a bad rep) (SBAR-PRP (SBAR because (S (NP-SBJ its (ADJP once heavily polluted) Cuyahoga River) (VP caught (NP fire)))) , (SBAR because (S (NP-SBJ former Mayor Ralph Perk) (VP set (NP his hair) (PP-CLR on (NP fire)) (PP-MNR with (NP an acetylene torch))))) and (SBAR because (S (NP-SBJ-1 (NP its proposed Rock 'n' Roll Hall) (PP of (NP Fame))) (VP was (ADVP-TMP recently) (VP refused (NP *-1) (NP an urban-development grant)))))))) .)) (TOP (S (NP-SBJ Some people) (VP call (S (NP-SBJ it) `` (NP-PRD (NP The Mistake) (PP-LOC on (NP the Lake))) '') (PRN -- (S (NP-PRD-TPC-1 Lake Erie) , (NP-SBJ that) (VP is (NP-PRD *T*-1))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ (NP It) (S *EXP*-2)) (VP helps (S-2 (NP-SBJ *) (VP to (VP point (PRT out) (SBAR (WHNP-1 (WHADJP how many) important people) (S (NP-SBJ *T*-1) (VP came (PP-DIR through (NP Cleveland)) (PP-LOC on (NP (NP their way) (PP to (NP the top)))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP George Miller) , (NP (NP executive director) (PP of (NP (NP the New Cleveland Campaign) , (NP (NP a nonprofit organization) (ADJP devoted (PP to (S-NOM (NP-SBJ *) (VP citing (NP (NP the city 's) strengths)))))))))) .)) (TOP (S (NP-SBJ Mr. Miller) (VP notes (SBAR (SBAR that (S (NP-SBJ (NP actor Paul Newman 's) family) (VP owned (NP (NP a sporting-goods store) (PP-LOC in (NP Cleveland)))))) , (SBAR that (S (NP-SBJ (NP the late actress Margaret Hamilton) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP played (NP the bad witch) (PP-LOC in `` (NP-TTL (NP The Wizard) (PP Of (NP Oz))))))) , '') (ADVP-TMP once) (VP ran (NP (NP a nursery school) (PP-LOC in (NP Cleveland)))))) and (SBAR that (S (NP-SBJ (NP (NP comedian Bob Hope 's) father) , (NP a stonemason) ,) (ADVP-TMP once) (VP worked (PP-CLR on (NP (NP a church) (ADJP next (PP to (NP (NP Severence Hall) , (NP (NP Cleveland 's) main concert hall))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP Power names) (PP like (NP that))) (VP do n't (VP hurt (NP (NP the city 's) reputation)))) , '' (NP-SBJ Mr. Miller) (VP says (S *T*-1)) .)) (TOP (S (PP-LOC In (NP Hollywood)) , (NP-SBJ-1 an average family) (VP can (VP gain (NP cachet) (PP-MNR from (S-NOM (NP-SBJ *-1) (VP moving (PP-DIR into (NP (NP a home) (VP vacated (NP *) (PP by (NP-LGS the (ADJP (ADJP famous) or (ADJP near famous)))))))))))) .)) (TOP (SINV `` (S-TPC-3 (INTJ Why) (NP-SBJ-1 we) (ADVP even) (VP (VP (ADVP just) sold (NP (NP a three-bedroom house) (PP-LOC in (NP Van Nuys)))) and (VP were (ADJP-PRD able (S (NP-SBJ-2 *-1) (VP to (VP keep (S (NP-SBJ the price) (ADJP-PRD firm)) (PP-LOC in (NP a weak real-estate market)) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP noting (SBAR that (S (NP-SBJ the original Lone Ranger) (VP lived (NP-LOC-CLR there)))))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP David Rambo) , (NP (NP a sales associate) (PP with (NP (NP Jon Douglas Co.) , (NP a Los Angeles real-estate agency))))) .)) (TOP (S `` (NP-SBJ Most people) (VP ca n't (ADVP even) (VP remember (NP his name))) . '')) (TOP (S -LRB- (NP-SBJ It) (VP is (NP-PRD John Hart)) . -RRB-)) (TOP (S (NP-SBJ Mr. Rambo) (VP says (SBAR that (S (NP-SBJ-1 (NP a 3.2-acre property) (VP overlooking (NP the San Fernando Valley))) (VP is (VP priced (NP *-1) (PP-CLR at (NP (QP $ 4 million) *U*)) (SBAR-PRP because (S (NP-SBJ the late actor Erroll Flynn) (ADVP-TMP once) (VP lived (NP-LOC-CLR there))))))))) .)) (TOP (SINV `` (S-TPC-3 (SBAR-ADV If (S (NP-SBJ Flynn) (VP had n't (VP lived (NP-LOC-CLR there))))) , (NP-SBJ-2 the property) (VP might (VP have (VP been (VP priced (NP *-2) (ADVP-CLR (NP (QP $ 1 million) *U*) lower)))))) , '' (VP says (S *T*-3)) (NP-SBJ-4 Mr. Rambo) , (S-ADV (NP-SBJ *-4) (VP noting (SBAR that (S (S (NP-SBJ-1 (NP Flynn 's) house) (VP has (VP been (VP bulldozed (NP *-1))))) , and (S (NP-SBJ only the swimming pool) (VP remains)))))) .)) (TOP (S (NP-SBJ (NP Press agents) and (NP public-relations practitioners)) (VP are (NP-PRD notorious name-droppers)) .)) (TOP (S And (NP-SBJ some) (ADVP even) (VP do (NP it) (PP-MNR with (NP malice aforethought))) .)) (TOP (S (NP-SBJ-2 (NP Len Kessler) , (NP (NP a financial publicist) (PP-LOC in (NP New York))) ,) (ADVP-TMP sometimes) (VP uses (NP it) (S-CLR (NP-SBJ *-2) (VP to (VP get (NP (NP the attention) (PP of (NP (NP journalists) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP try (S (NP-SBJ *-3) (VP to (VP avoid (NP him)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR that (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP Dan Dorfman) , (NP (NP a financial columnist) (PP with (NP USA Today))) ,) (VP has n't (VP returned (NP his phone calls) (ADVP-TMP *T*-1))))) , (NP-SBJ he) (VP leaves (NP (NP messages) (VP *ICH*-2)) (PP-CLR with (NP (NP Mr. Dorfman 's) office)) (VP-2 saying (SBAR that (S (NP-SBJ he) (VP has (NP (NP an important story) (PP on (NP (NP Donald Trump) , (NP Meshulam Riklis) or (NP Marvin Davis)))))))))))) .)) (TOP (S (NP-SBJ He) (VP admits (SBAR 0 (S (NP-SBJ he) (VP has (NP (NP no story) (PP on (NP (NP any) (PP of (NP them))))) (PP-TMP on (NP these occasions)))))) .)) (TOP (S `` (S-TPC-2 (S But (NP-SBJ it) (VP does (VP get (S (NP-SBJ him) (VP to (VP return (NP my calls))))))) , and (S (NP-SBJ it) (VP makes (S (NP-SBJ me) (VP feel (ADVP-CLR better) (PP for (NP (NP the times) (SBAR (WHADVP-1 0) (S (NP-SBJ he) (VP 's (VP given (NP me) (NP the brushoff) (ADVP-TMP *T*-1)))))))))))) , '' (NP-SBJ Mr. Kessler) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ There) (VP are , (PP of (NP course)) , (NP-PRD (NP obvious dangers) (PP to (NP blatant , unsubstantiated name-dropping)))) .)) (TOP (S (NP-SBJ (NP Jeffry Thal) , (NP (NP a publicity agent) (PP for (NP (NP the Lantz Office) (PP-LOC in (NP Los Angeles))))) ,) (VP warns (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP dropping (NP the wrong name))) (VP labels (NP the dropper) (PP-CLR as (NP (NP a fake) and (NP a fraud))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ *) (VP Get (VP caught))) and (S (NP-SBJ you) (VP 're (ADJP-PRD dead (PP in (NP the water)))))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Thal) .)) (TOP (S (NP-SBJ Mr. Thal) (VP says (SBAR that (S (NP-SBJ-2 (NP Elizabeth Taylor) , (NP a client) ,) `` (VP hates (S (NP-SBJ-1 *-2) (VP being (VP called (S (NP-SBJ *-1) ` (NP-PRD Liz))))))))) . ' ...)) (TOP (S (SBAR-ADV If (S (NP-SBJ directors or producers) (VP (VP phone (NP me)) and (VP say (SBAR 0 (S (NP-SBJ they) (VP know ` (NP Liz)))))))) , ' (NP-SBJ I) (VP know (SBAR 0 (S (NP-SBJ they) (VP 've (ADVP-TMP never) (VP met (NP her)))))) .)) (TOP (S (NP-SBJ She) (VP prefers ` (NP Elizabeth)) . ' '')) (TOP (S (PP-LOC In (NP New York society)) , (NP-SBJ (NP Pat Buckley) , (NP (NP the (ADJP very social) wife) (PP of (NP author William Buckley))) ,) (VP has (NP the nicknames (NX `` (NX-TTL Mrs. Buckles) '' and `` (NX-TTL Patsy)))) . '')) (TOP (S And (NP-SBJ her husband) (ADVP-TMP sometimes) (VP calls (S (NP-SBJ her) `` (NP-PRD Ducky))) . '')) (TOP (SINV `` (S-TPC-1 But (S (NP-SBJ *) (VP call (S (NP-SBJ her) ` (NP-PRD Patty)))) , ' and (S (NP-SBJ it) (VP 's (NP-PRD a sure giveaway (SBAR 0 (S (NP-SBJ you) (VP 're not (PP-LOC-PRD in (NP her circle)))))) , (SBAR-PRP because (S (NP-SBJ she) (VP does n't (VP use (NP that name)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Joan Kron) , (NP (NP editor-in-chief) (PP of (NP (NP Avenue magazine) , (NP (NP a monthly publication) (VP sent (NP *) (PP-DTV to (NP all the right names)))))))) .)) (TOP (S (NP-SBJ (NP John Spencer Churchill) , (NP (NP a nephew) (PP of (NP (NP the late Sir Winston Churchill) , (NP (NP former prime minister) (PP of (NP Great Britain)))))) ,) (VP is n't (ADJP-PRD that impressed (PP with (NP (NP most name-droppers) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP meets (NP *T*-1)))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ That) (VP 's (SBAR-PRP-PRD because (S (NP-SBJ they) (ADVP only) (VP drop `` (NP mere names)))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ Mr. Churchill) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADVP-TMP Currently) (VP writing (NP his memoirs))) , (NP-SBJ-1 (NP Mr. Churchill) , (NP an artist) ,) (VP tells (SBAR (WHADVP how) (S (NP-SBJ-2 (NP tycoons) (PP such as (NP (NP the late Jean Paul Getty) , (NP the oil billionnaire) ,))) (VP were , (PP in (NP fact)) , (VP known (NP *-2) (PP-MNR only by (NP (NP one initial) , (NP their last)))))))) .)) (TOP (S `` (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ you) (VP 're (PP-LOC-PRD at (NP the club)) (ADVP-TMP *T*-1)))) , (NP-SBJ you) (VP ask (SBAR whether (S (NP-SBJ they) (VP 've (VP spoken (PP-CLR to ` (NP G))))))) . ')) (TOP (S (ADVP-TMP Now) (S (NP-SBJ they) (VP know (SBAR (WHNP-1 who) (S (NP-SBJ you) (VP mean (NP *T*-1)))))) and (S (NP-SBJ you) (VP know (SBAR (WHNP-2 who) (S (NP-SBJ you) (VP mean (NP *T*-2)))))) .)) (TOP (S But (NP-SBJ (NP no one) (ADVP else)) (VP does) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ that) (VP 's (NP-PRD name-dropping) , (SBAR-ADV if (S (NP-SBJ you) (VP know (SBAR (WHNP-1 what) (S (NP-SBJ I) (VP mean (NP *T*-1)))))))) .)) (TOP (PRN (NP (NP Part) (PP of (NP a Series))) -RCB-)) (TOP (NP-LOC-HLN (NP SMYRNA) , (NP Ga.) --)) (TOP (S (NP-SBJ-2 (NP The auto-dealer strip) (PP-LOC in (NP this booming suburb))) (VP runs (NP-EXT (QP nearly five) miles) (PP-DIR along (NP Cobb Parkway)) , (S-ADV (NP-SBJ *-2) (VP stretching (PP-DIR from (NP (NP the Perimeter highway) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP circles (NP Atlanta)))))) (PP-DIR to (NP (NP the `` Big Chicken) , '' (NP a pullet-roofed (NX (NX fast-food restaurant) and (NX local landmark)))))))) .)) (TOP (S (ADVP-TMP (NP Twenty years) ago) , (PP-TMP in (NP (NP the infancy) (PP of (NP suburban sprawl)))) , (NP-SBJ (NP just a handful) (PP of (NP dealerships))) (VP were (ADVP-LOC-PRD here)) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ there) (VP are (NP-PRD 23)) .)) (TOP (SINV (PP-LOC-PRD-TPC-2 Alongside (NP (NP such long-familiar names) (PP as (NP Chevrolet , Ford and Dodge)))) (VP are (PP-LOC-PRD *T*-2)) (NP-SBJ (NP (NP nameplates) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP did n't (VP exist (PP-TMP until (ADVP (NP three years) ago))))))) : (NP Acura , Sterling , Hyundai)) .)) (TOP (SINV (PP-PRD-TPC-1 Under (NP construction)) (VP is (PP-PRD *T*-1)) (NP-SBJ (NP (NP the strip 's) 24th showroom) , (NP (NP the future home) (PP of (NP (NP Lexus) , (NP (NP a luxury marque) (VP launched (NP *) (PP by (NP-LGS Toyota Motor Corp.)) (ADVP-TMP (NP (QP just two) months) ago))))))) .)) (TOP (S (NP-SBJ The 1980s) (VP have (VP spawned (NP (NP an explosion) (PP of (NP consumer choice)) (PP-LOC in (NP America))) , (PP-LOC in (NP (NP everything) (PP (PP from (NP phone companies)) (PP to (NP colas))))))) .)) (TOP (FRAG And (ADVP especially) , (SBAR-ADV as (S (NP-SBJ the Cobb Parkway strip) (VP attests))) , (PP-LOC in (NP cars)) .)) (TOP (S (NP-SBJ Americans) (ADVP-TMP now) (VP can (VP choose (PP-CLR among (NP (NP 572 different models) (PP of (NP cars , vans and trucks)) , (ADVP up (PP from (NP just 408) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the decade) (VP began (ADVP-TMP-CLR *T*-1)))))))) , (PP according (PP to (NP (NP Automotive News) , (NP a trade publication)))))) .)) (TOP (S (PP For (NP car marketers)) , (NP-SBJ it) (VP has (VP become (NP-PRD a (ADJP much tougher) battle (S (NP-SBJ *) (VP to (VP keep (NP-1 loyal customers) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP defecting (PP-CLR to (NP (NP one) (PP of (NP (NP the new makes) (PP on (NP the block))))))))))))))) .)) (TOP (S (PP For (NP American car buyers)) , (NP-SBJ (NP the proliferation) (PP of (NP choice))) (VP is (ADJP-PRD both liberating and confusing)) .)) (TOP (S (NP-SBJ (NP Malcolm MacDougall) , (NP (NP vice chairman) (PP of (NP (NP the Jordan , McGrath , Case & Taylor advertising agency) (PP-LOC in (NP New York))))) ,) (VP calls (S (NP-SBJ the proliferation) `` (NP-PRD nameplate mania))) . '')) (TOP (S (NP-SBJ He) (VP says (SBAR (SBAR 0 (S (NP-SBJ (NP the number) (PP of (NP automobile choices))) (VP is (VP causing (NP stress) (PP-LOC among (NP consumers)) (NP-TMP today))))) , and (SBAR that (S (NP-SBJ people) (VP will (ADVP simply) (VP ignore (NP (NP new models) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP lack (NP a well-defined image))))))))))) .)) (TOP (S-3 `` (NP-SBJ The winners) (PRN , '' (S (NP-SBJ he) (VP predicts (S *T*-3))) , ``) (VP will (VP be (NP-PRD (NP brands) (PP from (NP (NP car makers) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP have (ADVP traditionally) (VP been (VP associated (NP *-1) (PP-CLR with (NP quality and value)))))))))))) . '')) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD important) (SBAR-1 for (S (NP-SBJ-2 a new make) (VP to (VP be (ADJP-PRD as distinctive (PP as (ADJP possible))) (SBAR-TMP while (S (NP-SBJ *-2) (ADVP still) (VP retaining (NP (NP links) (PP to (NP (NP the parent company 's) quality image)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP applauds (NP-1 (NP Toyota) and (NP Nissan Motor Co.)) (PP-CLR for (S-NOM (NP-SBJ *-1) (VP (VP creating (NP separate divisions) (PP for (NP their new luxury models))) , (CONJP rather than) (VP (ADVP simply) adding (NP more nameplates) (PP-CLR to (NP their standard car lines))))))) .)) (TOP (S (NP-SBJ Some auto executives) (VP believe (SBAR 0 (S (NP-SBJ (NP the benefits) (PP of (NP more choice))) (VP outweigh (NP the drawbacks))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ There) (VP 's (NP-PRD more noise) (ADVP-LOC out there))) , and (S (NP-SBJ-2 the consumer) (VP may (VP have (S (NP-SBJ-3 *-2) (VP to (VP work (ADVP-MNR harder) (S-PRP (NP-SBJ *-3) (VP to (VP cut (PP-DIR through (NP it)))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Vincent P. Barabba) , (NP (NP executive director) (PP of (NP market research and planning)) (PP-LOC at (NP General Motors Corp)))) .)) (TOP (S `` But (NP-SBJ the reward) (VP is (SBAR-PRD that (S (NP-SBJ there) (VP 's (NP-PRD less need (S (NP-SBJ-1 *) (VP to (VP make (NP tradeoffs) '' (PP-LOC in (S-NOM (NP-SBJ *-1) (VP choosing (NP (NP one 's) wheels)))))))))))) .)) (TOP (S (NP-SBJ (NP Jeanene Page) , (PP of (NP (NP North Salt Lake City) , (NP Utah) ,))) (VP likes (NP the broader selection)) .)) (TOP (S (NP-SBJ She) (VP (VP wants (NP something big)) , and (VP (ADVP already) has (VP looked (PP-CLR at (NP the (NX (NX Chrysler New Yorker) and (NX Lincoln Town Car))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ-1 the 55-year-old car shopper) (VP is (VP zeroing (PRT in) (PP-CLR on (NP a full-sized van)) , (S-ADV (NP-SBJ *-1) (VP figuring (SBAR that (S (NP-SBJ it) (VP 's (NP-PRD (NP just the thing) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP (VP haul (NP nine grandchildren)) and (VP pull (NP a boat)) (PP-TMP at (NP the same time)))))))))))))) .)) (TOP (S `` (S-TPC-4 (NP-SBJ-2 That) (VP seems (S (NP-SBJ *-2) (VP to (VP be (SBAR-PRD (WHNP-1 what) (S (NP-SBJ-3 all my friends) (VP are (VP using (NP *T*-1) (S-CLR (NP-SBJ *-3) (VP to (VP take (NP the grandkids) (PP-DIR to (NP the lake)))))))))))))) , '' (NP-SBJ she) (VP says (S *T*-4)) .)) (TOP (S (S (NP-SBJ (NP Market segmentation) (PP-LOC in (NP cars))) (VP is n't (ADJP-PRD new))) , but (S (NP-SBJ it) (VP 's (ADJP-PRD (ADJP far more extensive) (PP than (FRAG (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Alfred P. Sloan Jr.) (VP conceived (NP the idea) (ADVP-TMP (NP 50 years) ago) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ The legendary GM chairman) (VP declared (SBAR that (S (NP-SBJ his company) (VP would (VP make `` (NP (NP a car) (PP for (NP every purse and purpose)))))))) . '')) (TOP (S (ADVP-TMP Now) (NP-SBJ there) (VP are (NP-PRD (NP many cars) (PP for (NP every purse and purpose)))) .)) (TOP (S (ADVP-TMP (NP Just four years) ago) , (NP-SBJ GM planners) (VP divided (NP the combined car and truck market) (PP-CLR into (NP seven segments))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ they) (VP identify (NP (NP (NP 19 distinct segments) (PP for (NP cars))) , and (NP (NP another 11) (PP for (NP trucks and vans))))) .)) (TOP (S (S (NP-SBJ (NP The number) (PP of (NP makes))) (VP has (VP mushroomed (SBAR-PRP because (S (NP-SBJ the U.S.) (VP is (NP-PRD (NP (NP the world 's) (ADJP biggest and richest) market) (PP for (NP automobiles))))))))) ; (S (NP-SBJ-1 virtually every auto maker) (VP wants (S (NP-SBJ *-1) (VP to (VP sell (ADVP-LOC here)))))) .)) (TOP (S (PP For (NP (NP every brand) (PP like (NP Renault or Fiat)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP has (VP been (VP squeezed (PRT out) (NP *-2)))))))) , (NP-SBJ (NP others) (PP such as (NP Isuzu , Daihatsu and Mitsubishi))) (VP have (VP come (ADVP-DIR in))) .)) (TOP (S (NP-SBJ-1 Detroit) (VP tries (S (NP-SBJ *-1) (VP to (VP counter (NP the foreign invasion) (PP-MNR with (NP (NP new brands) (PP of (NP its own)))))))) .)) (TOP (S (S (NP-SBJ GM) (VP launched (NP (NP the Geo marque) (SBAR-PRP *ICH*-2)) (NP-TMP this year) (SBAR-PRP-2 (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP sell (NP (NP cars) (VP made (NP *) (PP-MNR in (NP (NP partnership) (PP with (NP foreign auto makers)))))))))))) , and (S (NP-TMP next year) (NP-SBJ (NP GM 's) long-awaited Saturn cars) (VP will (VP make (NP their debut)))) .)) (TOP (S (NP-SBJ Ford Motor Co.) (VP created (NP (NP the Merkur nameplate) (SBAR-PRP *ICH*-2)) (PP-TMP in (NP 1985)) (SBAR-PRP-2 (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP sell (NP its German-made touring sedans) (PP-LOC in (NP the U.S))))))) .)) (TOP (S But (NP-SBJ slow sales) (VP forced (S (NP-SBJ Ford) (VP to (VP kill (NP the brand) (NP-TMP just last week))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ consumers) (VP have (NP (ADJP so many) choices) (ADVP-TMP *T*-1)))) , (NP-SBJ brand loyalty) (VP is (ADJP-PRD much harder (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP maintain (NP *T*-2))))))) .)) (TOP (S (NP-SBJ (NP The Wall Street Journal 's) `` (NAC-TTL American Way (PP of (NP Buying))) '' survey) (VP found (SBAR that (S (NP-SBJ-1 (NP 53 %) (PP of (NP (NP today 's) car buyers))) (VP tend (S (NP-SBJ *-1) (VP to (VP switch (NP brands)))))))) .)) (TOP (S (PP For (NP the survey)) , (NP-SBJ (NP Peter D. Hart Research Associates) and (NP the Roper Organization)) (NP-ADV each) (VP asked (NP (QP about 2,000) U.S. consumers) (PP-CLR about (NP their buying habits))) .)) (TOP (SBARQ (WHNP-1 Which cars) (SQ do (NP-SBJ Americans) (VP favor (NP *T*-1) (ADVP most) (NP-TMP these days))) ?)) (TOP (S (S (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP generalize))))) , but (S (NP-SBJ-2 age) (VP seems (S (NP-SBJ *-2) (VP to (VP be (NP-PRD the best predictor)))))) .)) (TOP (S (NP-SBJ (NP Adults) (PP under (NP age 30))) (VP like (NP (NP sports cars) , (NP luxury cars) , (NP convertibles) and (NP imports)) (ADVP (ADVP far more) (SBAR than (S (NP-SBJ their elders) (VP do))))) .)) (TOP (S (NP-SBJ-1 (NP Three) (PP of (NP (NP every 10 buyers) (PP under (NP 30))))) (VP would (VP prefer (S (NP-SBJ *-1) (VP to (VP buy (NP a sports car)))) , (PP compared (PP with (NP (NP (QP just 16) %) (PP of (NP (NP adults) (NP (QP 30 and over))))))) , (PP according (PP to (NP the Journal survey))))) .)) (TOP (S (NP-SBJ Young consumers) (VP prefer (NP luxury cars) (PP-EXT by (NP a (ADJP (QP 37 % to 28 %) *U*) margin)) -- (SBAR-ADV even though (S (NP-SBJ-1 older buyers) , (PP-PRP because of (NP their incomes)) , (VP are (ADJP-PRD more likely (S (NP-SBJ *-1) (VP to (ADVP actually) (VP purchase (NP a luxury car))))))))) .)) (TOP (S (ADVP Perhaps) (ADJP-ADV most striking) , (NP-SBJ (NP 35 %) (PP of (NP (NP households) (VP headed (NP *) (PP by (NP-LGS (NP people) (ADJP aged (NP (QP 18 to 44))))))))) (VP have (NP (QP at least one) foreign car)) .)) (TOP (S (NP-SBJ That) (VP 's (ADJP-PRD true (PP of (NP (NP (QP only 14) %) (PP of (NP (NP households) (VP headed (NP *) (PP by (NP-LGS (NP someone) (UCP 60 or older)))))))))) .)) (TOP (S (ADVP Generally) , (NP-SBJ imports) (VP appeal (ADVP most) (PP to (NP (NP Americans) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP live (PP-LOC-CLR in (NP the West))) and (VP are (ADJP-PRD well-educated , affluent and (PRN , (ADVP especially) ,) young)))))))) .)) (TOP (SINV `` (S-TPC-1 (PP For (NP many baby boomers)) , (S-NOM-SBJ (NP-SBJ *) (VP buying (NP a domestic car))) (VP is (NP-PRD a (ADJP totally foreign) experience))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Christopher Cedergren) , (NP (NP auto-market analyst) (PP with (NP (NP J.D. Power & Co.) (PP of (NP (NP Agoura Hills) , (NP Calif))))))) .)) (TOP (S (NP-SBJ Such preferences) (VP persist (SBAR-ADV even though (S (NP-SBJ many Americans) (VP believe (SBAR 0 (S (NP-SBJ (NP differences) (PP between (NP (ADJP imported and domestic) cars))) (VP are (VP diminishing)))))))) .)) (TOP (S (NP-SBJ (NP (QP Only 58) %) (PP of (NP Americans))) (ADVP-TMP now) (VP believe (SBAR that (S (NP-SBJ foreign cars) (VP get (NP (NP better gas mileage) (PP than (NP domestic models)))))) (PRN , (S (NP-SBJ the Journal survey) (VP found))) , (ADVP down (PP from (NP 68 %) (PP-TMP in (NP 1987))))) .)) (TOP (S (NP-SBJ (QP Some 46) %) (VP give (NP foreign cars) (NP higher quality ratings) , (ADVP down (PP from (NP 50 %) (ADVP-TMP (NP two years) ago)))) .)) (TOP (S (PP On (NP the other hand)) , (NP-SBJ (QP only 42) %) (VP say (SBAR 0 (S (NP-SBJ foreign cars) (VP are (ADJP-PRD less comfortable (PP than (NP U.S. models)))))) , (ADVP down (PP from (NP 55 %) (PP-TMP in (NP 1987))))) .)) (TOP (S (NP-SBJ (NP People) (PP-LOC in (NP the automotive business))) (VP disagree (PP-CLR over (SBAR (WHADJP-1 how susceptible) (S (NP-SBJ younger Americans) (VP are (ADJP-PRD *T*-1) (PP-PRD to (NP brand switching))))))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-TMP Once (S (NP-SBJ-1 buying habits) (VP are (VP formed (NP *-1))))) , (NP-SBJ they) (VP 're (ADJP-PRD very hard (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP break (NP *T*-3)))))))) , '' (VP declares (S *T*-2)) (NP-SBJ (NP Thomas Mignanelli) , (NP (NP executive vice president) (PP for (NP (NP Nissan 's) U.S. sales operations)))) .)) (TOP (S But (ADVP-LOC out (PP on (NP Cobb Parkway))) , (NP-SBJ Ted Negas) (VP sees (NP it) (ADVP-MNR differently)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The competition) (VP is (ADJP-PRD so intense (SBAR that (S (NP-SBJ (NP (NP an owner 's) loyalty) (PP to (NP (NP a dealership) or (NP a car)))) (VP is (ADJP-PRD virtually nonexistent))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Negas) , (NP (NP vice president) (PP of (NP (NP Ed Voyles Oldsmobile) , (NP (NP one) (PP of (NP (NP the first dealerships) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP locate (PP-LOC-CLR on (NP the strip))))))))))))) .)) (TOP (S (ADVP Thus) (NP-SBJ (NP the very fickleness) (PP of (NP baby boomers))) (VP may (VP make (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD possible) (S-1 (NP-SBJ *) (VP to (VP win (NP them) (PRT back))))) , (SBAR-ADV just as (S (NP-SBJ (NP it) (S *EXP*-2)) (VP was (ADJP-PRD possible) (S-2 (NP-SBJ *) (VP to (VP lose (NP them))))))))) .)) (TOP (S (NP-SBJ (NP The battle) (PP for (NP customer loyalty))) (VP is (ADJP-PRD evident) (PP-LOC along (NP the Cobb Parkway strip))) .)) (TOP (S (NP-SBJ Ed Voyles Olds) (ADVP-TMP recently) (VP established (NP (NP a special section) (PP-LOC in (NP the service department)) (PP for (NP (NP owners) (SBAR (WHNP-1 whose cars) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD less (PP than (NP a year old))))))))) , (SBAR-CLR so (S (NP-SBJ they) (VP get (NP quicker service))))) .)) (TOP (S (PP-LOC Just down (NP the street)) , (NP-SBJ Chris Volvo) (VP invites (NP-1 serious shoppers) (S (NP-SBJ *-1) (VP to (VP (VP test-drive (NP a new Volvo) (PP-DIR to (NP (NP any other dealership) (PP-LOC along (NP the strip))))) , and (VP compare (NP the cars) (ADVP-MNR side-by-side)))))) .)) (TOP (S (NP-SBJ-1 Manufacturers) , (ADVP too) , (VP are (VP stretching (ADVP-EXT further) (S-PRP (NP-SBJ *-1) (VP to (VP lure (NP buyers)))))) .)) (TOP (S (NP-SBJ-1 (NP GM 's) Cadillac division) , (S-ADV (NP-SBJ *-1) (VP ignoring (NP (NP Detroit 's) long-held maxim (SBAR that (S (NP-SBJ safety) (VP does n't (VP sell))))))) , (VP is (VP airing (NP (NP television commercials) (VP touting (NP (NP its cars ') safety features))))) .)) (TOP (S (NP-SBJ Cadillac) (VP may (VP be (PP-PRD on (PP to (NP something))))) .)) (TOP (S (NP-SBJ (NP (QP Some 60) %) (PP of (NP the survey respondents))) (VP said (SBAR 0 (S (NP-SBJ they) (VP would (VP buy (NP anti-lock brakes) (SBAR-ADV even if (S (NP-SBJ they) (VP carry (NP a (ADJP medium or high) price tag))))))))) .)) (TOP (S (NP-SBJ (QP More than 50) %) (VP felt (NP-PRD the same way) (PP about (NP air bags))) .)) (TOP (S (NP-SBJ Both features) (VP appealed (ADVP most) (PP-CLR to (NP (NP buyers) (PP under (NP 45))))) .)) (TOP (S (PP In (NP contrast)) , (NP-SBJ (NP dashboard computers) , (NP power seats) and (NP turbo-charged engines)) (VP had (NP little appeal)) .)) (TOP (S But (NP-SBJ even a little appeal) (VP has (NP (NP a lot) (PP of (NP attraction))) (NP-TMP these days)) .)) (TOP (S (NP-SBJ (NP GM 's) Pontiac division) (VP is (VP offering (NP a turbo-charged V-6 engine) (PP-LOC on (NP its Grand Prix model)) , (SBAR-ADV even though (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP sell (NP (NP (QP only about 4,000) cars) (VP equipped (NP *) (PP-CLR with (NP that option)))))))))))) .)) (TOP (FRAG (NP The reason) : (S (NP-SBJ (NP Items) (PP with (NP narrow appeal))) (VP can (VP be (ADJP-PRD important) (PP-LOC in (NP (NP a market) (ADJP as fragmented (PP as (NP today 's)))))))) .)) (TOP (S (S (NP-SBJ Americans) (VP spent (NP (QP more than $ 190 billion) *U*) (PP-CLR on (NP new cars and trucks)) (NP-TMP last year))) , and (S (NP-SBJ (NP (QP just 1) %) (PP of (NP that market))) (VP exceeded (NP (NP (NP Polaroid Co. 's) sales) (PP of (NP (QP $ 1.86 billion) *U*))))) .)) (TOP (SQ-1 `` (SBAR-ADV Even if (S (NP-SBJ it) (VP 's (NP-PRD (QP only 1) %)))) (PRN , '' (SINV (VP says (SQ *T*-1)) (NP-SBJ (NP GM 's) Mr. Barabba)) , ``) would (NP-SBJ you) (VP throw (PRT away) (NP (NP sales) (NP (NP the size) (PP of (NP Polaroid))))) ? '')) (TOP (S (NP-SBJ American Telephone & Telegraph Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP lay (PRT off) (NP (QP 75 to 85) technicians) (ADVP-LOC here) , (S-ADV (NP-SBJ *) (ADJP-PRD effective) (NP-TMP-CLR Nov. 1))))))) .)) (TOP (S (NP-SBJ The workers) (VP install , maintain and repair (NP (NP its private branch exchanges) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (NP-PRD large intracompany telephone networks)))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP a California crime saga) (ADJP worthy (PP of (NP (NP an Erle Stanley Gardner title) : (NP-TTL (NP The Case) (PP of (NP the Purloined Palm Trees)))))))) .)) (TOP (S (NP-SBJ-1 Edward Carlson) (VP awoke (NP-TMP (NP one morning) (NP last month)) (S-CLR (NP-SBJ *-1) (VP to (VP find (NP eight holes) (PP-LOC in (NP (NP his front yard) (SBAR (WHADVP-2 where) (S (NP-SBJ (NP his prized miniature palms) , (VP called (S (NP-SBJ *) (NP-PRD cycads))) ,) (ADVP-TMP once) (VP stood (ADVP-LOC *T*-2)))))))))) .)) (TOP (S (ADVP-TMP (NP Days) later) , (NP-SBJ-1 the thieves) (VP (VP returned) and (VP dug (PRT out) (NP more)) , (S-ADV (NP-SBJ *-1) (NP-TMP this time) (VP adding (NP insult) (PP-CLR to (NP injury))))) .)) (TOP (S-1 `` (NP-TMP The second time) (PRN , '' (S (NP-SBJ he) (VP says (S *T*-1))) , ``) (NP-SBJ they) (VP left (NP the shovel)) . '')) (TOP (S (S-ADV (NP-SBJ *-2) (NP-PRD No garden-variety crime)) , (NP-SBJ-2 palm-tree rustling) (VP is (VP sprouting (PRT up) (PP-LOC all over (NP Southern California)) , (S-ADV (NP-SBJ *-2) (VP bringing (NP big bucks) (PP-DTV to (NP (NP crooks) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP know (NP their botany)))))))))) .)) (TOP (S (NP-SBJ (NP Cycads) , (SBAR (WHNP-1 (WHNP the most popular) (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP is (NP-PRD the Sago Palm)))) ,) (VP are (NP-PRD (NP doll-sized versions) (PP of (NP (NP California 's) famous long-necked palms)) , (PP with (NP (NP stubby trunks) and (NP fern-like fronds))))) .)) (TOP (S (S (SBAR-PRP Because (S (NP-SBJ the Sago) (VP (VP is (ADJP-PRD relatively rare)) and (VP grows (NP (NP (NP only a couple) (PP of (NP inches))) (NP-ADV a year)))))) , (NP-SBJ it) (VP 's (NP-PRD a pricey lawn decoration))) : (S (S (NP-SBJ A (ADJP two-foot tall) Sago) (VP can (VP retail (PP-CLR for (NP $ 1,000 *U*))))) , and (S (NP-SBJ taller ones) (ADVP-TMP often) (VP fetch (NP (QP $ 3,000 or more) *U*)))) .)) (TOP (SINV `` (S-TPC-1 (ADVP Evidently) , (NP-SBJ somebody) (VP has (VP realized (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (NP-PRD easy money) (S-2 (NP-SBJ *) (VP to (VP steal (NP these things)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Loran Whitelock) , (NP (NP a research associate) (VP specializing (PP-CLR in (NP cycads))) (PP-LOC at (NP the Los Angeles State and County Arboretum)))) .)) (TOP (S (NP-TMP Just last week) , (NP-SBJ would-be thieves) (VP damaged (NP (NP three Sagos) (PP-LOC at (NP (NP (NP Mr. Whitelock 's) home) (PP-LOC in (NP the Eagle Rock section))))) (SBAR-TMP before (S (NP-SBJ something) (VP frightened (NP-1 them) (PRT off) , (S-ADV (NP-SBJ *-1) (VP foiled)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP It) (S *EXP*-2)) (VP 's (ADJP-PRD hard) (S-2 (NP-SBJ *) (VP to (VP think (SBAR 0 (S (NP-SBJ someone) (VP is (VP raping (NP your garden)))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Police) (VP suspect (SBAR that (S (NP-SBJ (NP the criminals) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP dig up (NP the plants) (PP-TMP in (NP (NP the dead) (PP of (NP night))))))) ,) (VP are (VP selling (NP them) (PP-DTV to (NP nurseries or landscapers))))))) .)) (TOP (S (NP-SBJ The Sago) (VP has (VP become (NP-PRD (NP a popular accent) (PP-LOC in (NP tony new housing tracts))) , (S-ADV (NP-SBJ *) (ADVP apparently) (VP giving (NP the rustlers) (NP (NP a ready market) (PP for (NP their filched fronds))))))) .)) (TOP (SINV (S-TPC-5 (NP-SBJ-3 Thieves) (VP are (VP going (S (NP-SBJ *-3) (VP to (VP find `` (NP (NP anybody) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP has (NP (NP enough bucks) (SBAR (WHADVP-4 0) (S (NP-SBJ *) (VP to (VP plant (NP these things) (PP-LOC in (NP their front yard)) (ADVP-MNR *T*-4)))))))))))))))) , '' (VP says (SBAR 0 (S *T*-5))) (NP-SBJ (NP William Morrissey) , (NP (NP an investigator) (PP with (NP (NP the police department) (PP-LOC in (NP (NP (NP Garden Grove) , (NP Calif.) ,) (SBAR (WHADVP-6 where) (S (NP-SBJ-1 five such thefts) (VP have (VP been (VP reported (NP *-1) (PP-TMP in (NP the past several weeks)) (ADVP-LOC *T*-6)))))))))))) .)) (TOP (S (NP-SBJ The department) (VP is (VP (VP advising (NP-1 residents) (S (NP-SBJ *-1) (VP to (VP plant (NP Sagos) (PRN , (SBAR if (S (NP-SBJ they) (VP must (VP *?*)))) ,) (PP-LOC in (NP the back yard)))))) and (VP telling (NP-2 nurseries) (S (NP-SBJ *-2) (VP to (VP be (PP-PRD on (NP (NP the lookout) (PP for (NP (NP anyone) (VP trying (S (NP-SBJ *) (VP to (VP palm (NP one) (PRT off))))))))))))))) .)) (TOP (S But (PP for (NP (NP those Californians) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP want (S (NP-SBJ exotic gardens) (PP-LOC-PRD (PP out (NP front)) (SBAR (WHADVP-2 where) (S (NP-SBJ neighbors) (VP can (VP appreciate (NP them) (ADVP-LOC *T*-2)))))))))))) , (NP-SBJ there) (VP 's (ADVP-TMP always) (NP-PRD (NP Harold Smith 's) approach)) .)) (TOP (S (S-TPC-2 (SBAR-TMP After (S (NP-SBJ-1 three Sagos) (VP were (VP stolen (NP *-1) (PP-CLR from (NP (NP his home) (PP-LOC in (NP Garden Grove)))))))) , `` (NP-SBJ I) (VP (VP put (NP a big iron stake) (PP-PUT in (NP the ground))) and (VP tied (NP the tree) (PP-CLR to (NP the stake)) (PP-MNR with (NP a chain))))) , '' (NP-SBJ he) (VP says (S *T*-2) (ADVP-MNR proudly)) .)) (TOP (S `` And (NP-SBJ you) (VP ca n't (VP cut (NP this chain) (PP-MNR with (NP bolt cutters)))) .)) (TOP (S (NP-SBJ (NP Program trading) (PP-LOC on (NP the New York Stock Exchange)) (PP-TMP in (NP September))) (VP rose (PP-DIR to (NP (NP its highest recorded level) (PP as (NP (NP a percentage) (PP of (NP total monthly trading volume))))))) .)) (TOP (S (NP-SBJ September program trading) (VP amounted (PP-CLR to (NP (NP (NP 13.8 %) (PP of (NP (NP average daily New York Stock Exchange volume) (PP of (NP (QP 151.8 million) shares))))) , (NP (NP the largest percentage) (SBAR-TMP since (S (NP-SBJ-1 the exchange) (VP began (S (NP-SBJ *-1) (VP making (S (NP-SBJ such figures) (ADJP-PRD public)))) (PP-TMP in (NP July 1988))))))))) .)) (TOP (S (NP-SBJ (NP A daily average) (PP of (NP (QP 20.9 million) shares)) (NP *ICH*-1)) (VP traded (PP-MNR in (NP program strategies)) (PP-TMP in (NP September)) , (NP-1 the second-highest level ever)) .)) (TOP (S (NP-SBJ The highest level) (VP was (PP-TMP-PRD in (NP (NP June 1989) , (SBAR (WHADVP-1 when) (S (NP-SBJ (NP a daily average) (PP of (NP (QP 22.1 million) shares))) (VP traded (PP-MNR in (NP program strategies)) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ (NP Average daily trading volume) (PP-TMP in (NP June)) (PP of (NP (QP 180.3 million) shares))) (VP was (ADJP-PRD (ADJP considerably higher) (PP than (PP-TMP in (NP September))))) .)) (TOP (S (NP-SBJ Program trading) (VP amounted (PP-CLR to (NP (NP 12.3 %) (PP of (NP average daily volume)))) (PP-TMP in (NP June))) .)) (TOP (S (NP-SBJ The Big Board) (VP says (SBAR 0 (S (NP-SBJ program trading) (VP describes (NP (NP a variety) (PP of (NP (NP strategies) (VP involving (NP (NP the purchase or sale) (PP of (NP (NP a basket) (PP of (NP (QP 15 or more) stocks))))))))))))) .)) (TOP (S (NP-SBJ (NP The (ADJP most controversial)) (PP of (NP these))) (VP is (NP-PRD (NP stock-index arbitrage) , (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ traders) (VP (VP buy or sell (NP (NP baskets) (PP of (NP stocks)))) and (VP offset (NP the position) (PP-MNR with (NP (NP an opposite trade) (PP-LOC in (NP stock-index futures)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP lock (PRT in) (NP profits)))))))) (PP-LOC *T*-1)))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP the (ADJP most controversial) form) (PP of (NP program trading))) (SBAR-PRP because (S (NP-SBJ it) (VP can (VP create (NP (NP abrupt price swings) (PP-LOC in (NP the stock market)))))))) .)) (TOP (S (S (NP-SBJ Salomon Brothers Inc.) (VP was (NP-PRD the top program trader) (PP-TMP in (NP September)))) , but (S (NP-SBJ (NP most) (PP of (NP (NP the firm 's) activity))) (VP involved (NP (NP portfolio trading strategies) (ADJP other (PP than (NP stock-index arbitrage)))))) .)) (TOP (S (ADVP Overall) , (NP-SBJ Salomon) (VP reported (NP (NP program trading volume) (PP of (NP (QP 75.2 million) shares)))) .)) (TOP (S (NP-SBJ The top stock-index arbitrage firm) (NP-TMP last month) (VP was (NP-PRD Morgan Stanley & Co)) .)) (TOP (S (PP-TPC-1 Of (NP (NP (NP Morgan Stanley 's) (QP 66.8 million) shares) (PP in (NP program trades)) (PP for (NP the month)))) , (NP-SBJ (NP (QP 53.1 million)) (PP *T*-1)) (VP were (PP-PRD in (NP stock-index arbitrage trades))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Behind (NP second-place Morgan Stanley)) (VP were (PP-LOC-PRD *T*-1)) (NP-SBJ (NP Kidder , Peabody & Co.) , (NP Goldman , Sachs & Co.) and (NP (NP CS First Boston Inc. 's) First Boston Corp. unit)) .)) (TOP (S (NP-SBJ-1 (NP A group) (PP of (NP shareholders))) (VP filed (NP suit) (PP-CLR against (NP (NP (NP Imperial Corp.) (PP of (NP America))) , (NP Drexel Burnham Lambert Inc.) , (NP First Executive Corp.) and (NP others) ,)) (S-ADV (NP-SBJ *-1) (VP charging (NP-2 them) (PP-CLR with (S-NOM (NP-SBJ-3 *-2) (ADVP-MNR artificially) (VP inflating (NP (NP Imperial 's) stock price) (S-PRP (NP-SBJ *-3) (VP to (VP protect (NP certain major investors)))))))))) .)) (TOP (S (NP-SBJ (NP The complaint) , (VP filed (NP *) (PP-LOC in (NP federal district court))) ,) (VP accuses (NP-1 (NP Imperial) and (NP other defendants)) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP issuing (NP (ADJP false and misleading) financial data))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP charges (SBAR that (S (NP-SBJ (NP Imperial) , (NP (NP the holding company) (PP for (NP Imperial Savings & Loan))) ,) (VP experienced (NP major losses and writedowns) (PP-PRP because of (NP (NP improper assessment) (PP of (NP (NP the risks) (PP of (NP (NP junk-bond investments) and (NP wholesale consumer loan packages))))))))))) .)) (TOP (S (NP-SBJ The suit) (VP seeks (NP unspecified damages)) .)) (TOP (S (NP-SBJ-1 Imperial) (VP is (PP-PRD in (NP (NP the midst) (PP of (S-NOM (NP-SBJ-2 *-1) (VP (VP reducing (NP its junk-bond holdings)) and (VP getting (PP-CLR out (PP of (NP the investment banking business))) (SBAR in order (S (NP-SBJ *-2) (VP to (VP return (PP-DIR to (NP traditional thrift activities))))))))))))) .)) (TOP (S (NP-SBJ The derivative suit) (VP is (ADJP-PRD similar (PP to (NP (NP a class-action complaint) (VP filed (NP *) (NP-TMP earlier this year)))))) .)) (TOP (S (NP-SBJ Imperial) (VP said (PP-LOC in (NP a statement)) (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ-3 other complaints) (VP to (VP be (VP filed (NP *-3) (PP in (NP (NP the wake) (PP of (NP (NP the original suit) and (NP (NP a recent article) (PP-LOC in (NP (NP Barron 's) magazine)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP focused (PP-CLR on (NP (NP the company 's) problems)))))))))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ an Imperial spokesman) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP had n't (ADVP yet) (VP been (VP served (NP *-1) (PP-CLR with (NP the derivative suit)))))))))) , (NP-SBJ he) (VP reiterated (NP (NP the company 's) statement (SBAR that (S (NP-SBJ it) (VP would (ADVP-MNR vigorously) (VP defend (NP itself) (PP-CLR against (NP the class-action suit)))))))) .)) (TOP (S (NP-SBJ (NP Spokesmen) (PP-LOC at (NP (NP Drexel) and (NP First Executive)))) (VP said (SBAR 0 (S (NP-SBJ-1 the companies) (VP had n't (ADVP yet) (VP been (VP served (NP *-1) (PP-CLR with (NP the suit)))))))) .)) (TOP (S (PP-LOC In (NP (NP a separate complaint) (VP (ADVP also) filed (NP *) (PP-LOC in (NP (NP federal court) (ADVP-LOC here)))))) , (NP-SBJ (NP shareholder Max Grill) (PP of (NP New York))) (VP charged (NP-1 (NP Imperial) , (NP its (NX (NX top executives) and (NX directors)))) (PP-CLR with (NP (NP (NP breach) (PP of (NP fiduciary duty))) and (S-NOM (NP-SBJ *-1) (VP squandering (NP (NP the company 's) assets)))))) .)) (TOP (S (NP-SBJ Imperial) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP had n't (VP been (VP served (NP *-1) (PP-CLR with (NP this suit)) (ADVP either))))))) .)) (TOP (S (NP-SBJ (NP Companies) (VP listed (NP *) (ADVP-LOC below))) (VP reported (NP (NP quarterly profit) (ADJP substantially different (PP from (NP (NP the average) (PP of (NP (NP analysts ') estimates))))))) .)) (TOP (S (NP-SBJ-1 The companies) (VP (VP are (VP followed (NP *-1) (PP by (NP-LGS (QP at least three) analysts)))) , and (VP had (NP (NP a minimum five-cent change) (PP-LOC in (NP (NP actual earnings) (PP per (NP share))))))) .)) (TOP (S (NP-SBJ-1 (NP (ADJP Estimated and actual) results) (VP involving (NP losses))) (VP are (VP omitted (NP *-1))) .)) (TOP (S (NP-SBJ The percent difference) (VP compares (NP actual profit) (PP-CLR with (NP (NP the 30-day estimate) (SBAR (WHADVP-1 where) (S (NP-SBJ (QP at least three) analysts) (VP have (VP issues (NP forecasts) (PP-TMP in (NP the past 30 days)) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (ADVP Otherwise) , (NP-SBJ-1 actual profit) (VP is (VP compared (NP *-1) (PP-CLR with (NP the 300-day estimate)))) .)) (TOP (S (NP-SBJ (NP Rhone-Poulenc S.A.) , (NP-LOC Paris) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP the purchase) (PP of (NP (NP the specialty chemicals operation) (PP of (NP (NP RTZ Corp.) , (NP a British (UCP mining and industrial) group)))))))))) .)) (TOP (S (NP-SBJ (NP Rhone-Poulenc) , (NP a chemical and pharmaceutical company) ,) (VP said (SBAR 0 (S (NP-SBJ RTZ Chemicals) (VP has (NP (NP annual sales) (PP of (NP (QP about $ 900 million) *U*))))))) .)) (TOP (S (NP-SBJ It) (VP did n't (VP release (NP (NP terms) (PP of (NP the transaction))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Consumer spending) (PP-LOC in (NP Britain))) (VP (VP rose (NP-EXT 0.1 %) (PP-TMP in (NP the third quarter)) (PP-DIR from (NP-TMP the second quarter))) and (VP was (ADVP-PRD up (NP 3.8 %) (PP from (ADVP-TMP (NP a year) ago)))))) , (NP-SBJ the Central Statistical Office) (VP estimated (SBAR 0 (S *T*-1)) (NP-TMP Friday)) .)) (TOP (S (NP-SBJ (NP A group) (PP including (NP (NP (NP Gene E. Phillips) , (NP (NP former chairman) (PP of (NP Southmark Corp.))) ,) and (NP (NP William S. Friedman) , (NP (NP former vice chairman) (PP of (NP Southmark))) ,)))) (VP lowered (NP (NP its stake) (PP-LOC in (NP the Dallas real estate concern))) (PP-DIR to (NP 7.7 %)) , (PP according (PP to (NP (NP a filing) (PP with (NP the Securities and Exchange Commission)))))) .)) (TOP (S (NP-SBJ The group) (VP said (SBAR 0 (S (NP-SBJ it) (VP sold (NP 455,410 Southmark common shares) (PP-TMP (PP from (NP Sept. 5)) (PP to (NP Oct. 5))) (PP-CLR for (NP (NP (NP 18.75 cents) (PP to (NP 25 cents))) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ The filing) (VP said (SBAR 0 (S (NP-SBJ-1 the group) (VP continues (S (NP-SBJ *-1) (VP to (VP hold (NP 3,481,887 remaining shares)))))))) .)) (TOP (S (NP-SBJ-2 Eastman Kodak Co.) , (S-ADV (NP-SBJ-3 *-2) (VP seeking (S (NP-SBJ *-3) (VP to (VP position (NP itself) (PP-LOC-CLR in (NP the (ADJP potentially huge) high-definition television market))))))) , (VP unveiled (NP (NP a converter) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP can (VP transform (NP conventional motion-picture film) (PP-CLR into (NP high-definition video)))))))) .)) (TOP (S (NP-SBJ The move) (ADVP also) (VP helps (S (NP-SBJ the (NAC-LOC Rochester , N.Y. ,) photographic giant) (VP ensure (SBAR that (S (NP-SBJ-3 (NP its motion-picture film business) -- (SBAR (WHPP-2 for (WHNP which)) (S (NP-SBJ-1 it) (VP holds (NP a virtual monopoly) (PP *T*-2) , (S-ADV (NP-SBJ *-1) (VP supplying (NP every Hollywood movie company)))))) --) (VP is n't (VP made (S (NP-SBJ *-3) (ADJP-PRD obsolete)) (PP by (NP-LGS the upstart HDTV business))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the prototype converter) (VP is (ADJP-PRD costly)))) , (NP-SBJ-1 it) (VP 's (VP being (VP lauded (NP *-1) (PP by (NP-LGS the infant HDTV industry)) (PP-CLR as (NP (NP a way) (PP of (S-NOM (NP-SBJ *) (VP increasing (NP (NP the number) (PP of (NP high-quality shows)) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP can (VP be (VP seen (NP *-2) (PP-LOC on (NP the new medium)))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The industry) (VP has (VP been (VP waiting (PP-MNR with (NP bated breath)) (SBAR for (S (NP-SBJ the machines) (VP to (VP come (ADVP-DIR along))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP David Niles) , (NP (NP president) (PP of (NP (NP Eleven Twenty Five Productions Inc.) , (NP (NP a New York pioneer) (PP-LOC in (NP high-definition programming))))))) .)) (TOP (S (NP-SBJ He) (VP notes (SBAR that (S (NP-SBJ industry executives) (VP have (PP-TMP until (NP now)) (VP worried (SBAR that (S (NP-SBJ they) (VP would (VP face (NP (NP a severe shortage) (PP of (NP programs))) (SBAR-TMP once (S (NP-SBJ-1 consumers) (VP begin (S (NP-SBJ *-1) (VP replacing (NP their TV sets) (PP-CLR with (NP HDTVs)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Japanese electronic giants) , (PP such as (NP (NP Sony Corp.) and (NP Hitachi Ltd.))) ,) (VP have (VP (VP focused (ADVP almost entirely) (PP-CLR on (NP HDTV hardware))) , and (VP (ADVP virtually) ignored (NP (NP software) or (NP (NP programs) (VP shot (NP *) (PP-MNR in (NP high-definition)))))))) .)) (TOP (S And (NP-SBJ (NP only a handful) (PP of (NP small U.S. companies))) (VP are (VP engaged (PP-CLR in (NP high-definition software development)))) .)) (TOP (S (NP-SBJ It) (VP 's (VP estimated (SBAR that (S (NP-SBJ (NP (QP just about 250) hours) (PP of (NP HD programming))) (VP is (ADJP-PRD currently available (PP for (NP airing)))))))) .)) (TOP (S (NP-SBJ Kodak) (VP says (SBAR 0 (S (NP-SBJ-1 its new CCD HDTV converter) (VP will (VP help (S (NP-SBJ-2 *-1) (VP alleviate (NP the problem) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP allowing (S (NP-SBJ programmers and broadcasters) (VP to (VP convert (NP (NP movies and television programs) (VP shot (NP *) (PP-MNR in (NP 35mm motion-picture film)))) (PP-CLR into (NP high-definition video))))))))))))))) .)) (TOP (S (NP-SBJ-2 Consumers) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP (VP switch (PRT on) (NP their HDTV sets)) and (VP get (NP (NP all the viewing benefits) (SBAR (WHNP-1 0) (S (NP-SBJ the high-tech medium) (VP offers (NP *T*-1)))))))))))) .)) (TOP (S (ADVP Otherwise) , (NP-SBJ they) (VP 'd (VP be (VP watching (NP (NP programs) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD no different (PP in (NP quality)) (PP from (SBAR-NOM (WHNP-2 what) (S (NP-SBJ they) (ADVP-TMP currently) (VP view (NP *T*-2) (PP-LOC on (NP color TVs)))))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ It) (VP would (VP be (PP-PRD like `` (S-NOM (NP-SBJ *) (VP watching (NP a (ADJP black and white) movie) (PP-LOC on (NP a color TV set)))))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Malcolm G. Saull) , (NP (NP chairman) (PP of (NP (NP the film and video department) (PP-LOC at (NP (NP the Rochester Institute) (PP of (NP Technology)))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The new converters) (VP are `` (NP-PRD (NP a critical link) (PP between (NP (NP film) and (NP the television domain)))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Joerg D. Agin) , (NP (NP (NP vice president) and (NP general manager)) (PP of (NP (NP Kodak 's) Motion Picture and Audiovisual Products division)))) .)) (TOP (S (S (NP-SBJ Kodak) (VP wo n't (VP disclose (UCP (NP the cost) or (SBAR (WHADVP-1 when) (S (NP-SBJ its converter) (VP will (VP be (PP-LOC-PRD on (NP the market)) (ADVP-TMP *T*-1))))))))) , but (S (NP-SBJ it) (VP 's (VP estimated (SBAR 0 (S (NP-SBJ the machine) (VP may (VP be (ADJP-PRD available) (PP-TMP within (NP two years))))))))) .)) (TOP (S (NP-SBJ (NP A similar machine) (RRC (ADVP-TMP already) (PP-LOC on (NP the market))) , (VP made (NP *) (PP by (NP-LGS (NP Rank Sintel Ltd.) , (NP (NP a unit) (PP of (NP Rank Organisation)))))) ,) (VP costs (NP (QP about $ 500,000) *U*)) .)) (TOP (S (S-TPC-1 And (NP-SBJ the potential market) (VP is (ADJP-PRD tremendous))) , (NP-SBJ industry experts) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ HDTV) (VP takes (PRT off) (PP-LOC in (NP the U.S.))))) , (NP-SBJ there) (VP will (VP be (NP-PRD (NP demand) (PP for (NP (NP (QP some 4,000 to 5,000) HDTV converters) , (VP known (NP *) (PP-LOC in (NP the industry)) (PP-CLR as (NP telecines)))))))) .)) (TOP (S (NP-SBJ Demand) (VP will (VP (VP come (ADVP-TMP-1 first) (PP-DIR-2 from (NP programming production companies))) and (VP (ADVP-TMP=1 then) (PP-DIR=2 from (NP television stations))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ The converter) (VP is (PP-LOC-PRD (NP head and shoulders) above (NP (NP anything else) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP 've (VP seen (NP *T*-1))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Richard J. Stumpf) , (NP (NP (NP vice president) - (NP engineering and development)) (PP-LOC at (NP (NP MCA Inc. 's) Universal City Studios)))) .)) (TOP (S And (NP-SBJ (NP Mr. Niles) , (NP the program producer) ,) (VP contends (SBAR that (S (NP-SBJ (NP Kodak 's) move) (VP is `` (NP-PRD a sound marketing decision))))) .)) (TOP (S (NP-SBJ-1 They) (VP ca n't (VP afford (S (NP-SBJ *-1) (VP to (VP stay (ADVP-LOC out (PP of (NP HDTV)))))))) . '')) (TOP (S (ADVP Indeed) , (NP-SBJ the stakes) (VP are (ADJP-PRD high)) .)) (TOP (S (NP-SBJ The U.S. electronics industry) (VP estimates (SBAR that (S (NP-SBJ the HDTV market) (VP will (VP total (NP (QP about $ 150 billion) *U*) (PP-TMP over (NP the next two decades)) , (SBAR-ADV with (S (NP-SBJ an additional (QP $ 400 billion) *U*) (VP expected (S (NP-SBJ *) (VP to (VP go (PP for (NP related products))))))))))))) .)) (TOP (S (NP-SBJ HDTVs) (VP break (PRT down) (NP images) (PP-CLR into (NP (NP (QP more than 1,100) lines) , (VP compared (NP *) (PP-CLR with (NP (NP 525) (PP for (NP (NP today 's) televisions))))))) , (S-ADV (NP-SBJ *) (VP providing (NP (ADJP considerably sharper) detail)))) .)) (TOP (S And (NP-SBJ-1 the sets) (VP are (ADJP-PRD wider) , (S-ADV (NP-SBJ *-1) (VP resembling (NP (NP the dimensions) (PP of (NP a movie screen)))))) .)) (TOP (UCP (S But (NP-SBJ-1 the financial rewards) (VP are n't (VP expected (NP *-1) (ADVP-TMP soon)))) , nor (SINV are (NP-SBJ they) (VP guaranteed)) .)) (TOP (S (NP-SBJ Experts) (VP estimate (SBAR 0 (S (NP-SBJ (NP the first sets) (PP of (NP HDTVs))) (VP (VP wo n't (VP be (ADJP-PRD available) (PP-TMP for (NP another (QP five to 10) years)))) , and (VP will (ADVP probably) (VP retail (PP-CLR for (NP (NP (QP more than $ 3,000) *U*) (NP-ADV each) (PP in (NP (NP today 's) dollars)))))))))) .)) (TOP (S (NP-SBJ Some critics) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP wo n't (VP be (ADVP-MNR quickly) (VP embraced (NP *-1) (PP by (NP-LGS consumers)) (PP-TMP because of (NP the high price)))))))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ-1 Kodak) (VP could n't (VP risk (S (NP-SBJ *-1) (VP letting (S (NP-SBJ HDTV) (VP turn (NP-PRD its motion-picture film business) (PP-CLR into (NP a dinosaur)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Kodak) (VP understands (SBAR 0 (S (NP-SBJ HDTV) (VP is (SBAR-LOC-PRD (WHADVP-2 where) (S (NP-SBJ everybody) (VP is (VP going (ADVP-DIR *T*-2)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP RIT 's) Mr. Spaull) .)) (TOP (S (NP-SBJ Yet another political scandal) (VP is (VP racking (NP Japan))) .)) (TOP (S But (NP-TMP this time) (NP-SBJ it) (VP 's (VP hurting (NP (NP opposition) (CONJP as well as) (NP ruling-party members)))) .)) (TOP (S And (SBAR-TMP as (S (NP-SBJ it) (VP unfolds))) , (NP-SBJ it) (VP 's (VP revealing (NP (NP some) (PP of (NP (NP the (ADJP (ADJP more tangled) and (ADJP seamier)) aspects) (PP of (NP Japanese society))))))) .)) (TOP (S (ADVP-TMP Already) , (NP-SBJ ruling Liberal Democratic Party demands (SBAR that (S (NP-SBJ opposition members) (VP testify (PP-MNR under (NP oath)) (PP-LOC in (NP parliament)))))) (VP have (VP (VP stalled (NP one budget committee session)) and (VP forced (S (NP-SBJ the committee) (VP to (VP plan (NP (NP a special two-day investigation) (PP-TMP at (NP (NP the end) (PP of (NP the month))))))))))) .)) (TOP (S But (NP-SBJ (NP the scandal) (NP itself)) (VP is (ADJP-PRD so convoluted (SBAR that (S (NP-SBJ-1 ruling-party members) (VP are (VP divided (NP *-1) (PP-CLR between (NP (NP (NP those) (SBAR (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (VP want (S (NP-SBJ *-4) (VP to (VP pursue (NP the matter) (PP in (NP (NP hope) (PP of (S-NOM (NP-SBJ *) (VP undermining (NP the opposition))))))))))))) and (NP (NP those) (SBAR (WHNP-3 who) (S (NP-SBJ-5 *T*-3) (VP favor (S (NP-SBJ *-5) (VP leaving (ADVP-CLR well enough) (ADVP-CLR alone))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 The opposition) (VP can (VP be (VP (NP-ADV the most) hurt (NP *-1) (SBAR-PRP because (S (NP-SBJ everyone) (ADVP already) (VP figures (SBAR 0 (S (NP-SBJ the LDP) (VP is (NP-PRD (NP that kind) (PP of (NP beast))))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Shigezo Hayasaka) , (NP (NP (NP former aide) (PP to (NP LDP kingmaker Kakuei Tanaka))) and (NP (ADVP-TMP now) an independent analyst))) .)) (TOP (S But , (NP-SBJ he) (VP adds , `` (S (NP-SBJ We) (VP ca n't (VP tell (SBAR (WHADVP-1 where) (S (NP-SBJ it) (VP will (VP go (ADVP-DIR *T*-1))))) (ADVP at all) (SBAR-PRP because (S (NP-SBJ we) (VP 're (ADVP still) (PP-LOC-PRD in (NP (NP the middle) (PP of (NP it))))))))))) . '')) (TOP (S (NP-TMP This time) , (NP-SBJ the scandal) (VP centers (PP-CLR on (NP (NP donations) (VP made (NP *) (PP by (NP-LGS the not-quite-mainstream pachinko parlor industry)))))) .)) (TOP (S (NP-SBJ (NP Pachinko) , (NP (NP a kind) (PP of (NP pinball))) ,) (VP is (NP-PRD (NP (NP Japan 's) favorite form) (PP of (NP legal gambling)))) .)) (TOP (S (NP-SBJ-3 The donations) (ADVP so far) (VP appear (S (NP-SBJ *-3) (VP to (VP be (ADJP-PRD small)))) , (PP (ADVP especially) compared (PP with (NP (NP the huge sums) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP changed (NP hands) (PP-LOC in (NP (NP the Recruit Co . influence-peddling scandal) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP plagued (NP the ruling party) (NP-TMP last year))))))))))))) .)) (TOP (S But (NP-SBJ the implications) (VP could (VP be (ADJP-PRD great))) .)) (TOP (S (NP-SBJ-1 Pachinko) (VP is (UCP-PRD (PP-LOC-PRD (ADVP slightly) on (NP the shady side)) , (VP (ADVP-TMP often) linked (NP *-1) (PP-CLR to (NP (NP the lower ranks) (PP of (NP (NP Japan 's) underworld))))) and (PP-PRD (ADVP-TMP regularly) at (NP (NP the top) (PP of (NP (NP annual lists) (PP of (NP tax evaders)))))))) .)) (TOP (S (S (ADVP-TMP Recently) (NP-SBJ the industry) (VP has (VP faced (NP (NP the threat) (PP of (NP new restrictions)))))) , and (S (NP-SBJ-1 political donations) (VP may (VP have (VP been (VP made (NP *-1) (PP-MNR with (NP the intent (S (NP-SBJ *) (VP to (VP bribe)))))))))) .)) (TOP (S (ADVP Also) , (S (NP-SBJ (NP (QP about 60) %) (PP of (NP pachinko parlor owners)) (SBAR *ICH*-1)) (VP are (ADJP-PRD Korean) , (SBAR-1 (WHNP-2 (WHNP many) (WHPP of (WHNP whom))) (S (NP-SBJ *T*-2) (VP maintain (NP (NP close ties) (PP with (NP (NP (ADJP North or South Korean) residents ') organizations)))))))) , and (S (NP-SBJ (NP donations) (PP by (NP such foreign groups))) (VP are (ADJP-PRD illegal) (PP-LOC in (NP Japan)))) .)) (TOP (S (PP To (NP many Japanese)) , (NP-SBJ pachinko) (VP is (ADJP-PRD (ADJP benign) or (ADJP enticingly unsavory))) .)) (TOP (S (NP-SBJ Garish neon pachinko marquees) (VP blaze (PP-DIR from (NP (NP the (NX (NX main streets) and (NX narrow alleys))) (PP of (NP (NP cities and towns) (PP-LOC across (NP the country))))))) .)) (TOP (S (NP-SBJ-1 Devotees) (VP pass (NP hours) , (S-MNR (NP-SBJ *-1) (VP (VP watching (S (NP-SBJ the lights) (VP blink))) and (VP listening (SBAR-CLR to (S (NP-SBJ the metal balls) (VP ping)))))) , (S-PRP (NP-SBJ *-1) (ADVP (ADVP as much) (PP *ICH*-3)) (VP to (VP gamble)) (PP-3 as (VP to (VP get (NP (NP a little time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP be (ADJP-PRD anonymous) , (ADVP alone (PP with (NP their thoughts))) (ADVP-TMP *T*-2))))))))))) .)) (TOP (S (PP-LOC At (NP (NP 500 yen) (PRN -LRB- (NP $ 3.60 *U*) -RRB-) (PP for (NP (NP a handful) (PP of (NP balls)))))) , (NP-SBJ pachinko) (VP (VP is (NP-PRD a common pastime)) , and (VP has (VP been (NP-PRD *?*) (SBAR-TMP since (S (NP-SBJ it) (VP took (NP root) (PP-MNR as (NP cheap entertainment)) (PP-TMP in (NP (NP the years) (PP after (NP World War II)))))))))) .)) (TOP (S But (NP-SBJ (NP the total) (PP of (NP all those pinging balls))) (VP has (VP created (NP (NP an industry) (PP with (NP (NP a reported annual income) (PP of (NP (NP (NP (QP 13 trillion) yen) (PRN -LRB- (NP (QP almost $ 92 billion) *U*) -RRB-)) , or (NP (NP nearly the size) (PP of (NP (NP Japan 's) vaunted automobile industry)))))))))) .)) (TOP (S And (SBAR-PRP because (S (NP-SBJ the pachinko industry) (VP is (ADVP regularly) (PP-LOC-PRD at (NP (NP the top) (PP of (NP (NP annual lists) (PP for (NP tax evasion))))))))) , (NP-SBJ some observers) (VP estimate (SBAR 0 (S (NP-SBJ the real income) (VP could (VP be (NP-PRD (QP as much as 20 trillion) yen)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 that money) (VP were (VP being (VP taxed (NP *-1)))))) , (NP-SBJ it) (VP could (VP bring (NP the government) (NP a (ADJP badly needed) (QP several trillion) yen))) .)) (TOP (S (PP-TMP In (NP 1984)) , (NP-SBJ-1 an attempt (S *ICH*-2)) (VP was (VP made (NP *-1) (S-2 (NP-SBJ *) (VP to (VP crack (PRT down) (PP-CLR on (NP the industry)) (PP-MNR with (NP tougher restrictions))))))) .)) (TOP (S (ADVP-TMP Then) , (PP-TMP in (NP 1988)) , (NP-SBJ-1 a proposal (S (NP-SBJ *) (VP to (VP keep (NP-CLR better track) (PP-CLR of (NP income)) (PP-MNR by (S-NOM (NP-SBJ *) (VP selling (NP (NP prepaid cards) (PP for (NP pachinko)))))))))) (VP was (VP fielded (NP *-1) (PP-LOC in (NP parliament)))) .)) (TOP (S (S (NP-SBJ The proposal) (VP split (NP the industry) (PP-CLR in (NP two)) , (PP along (NP (NP the lines) (PP of (NP national origin)))))) : (S (NP-SBJ North Koreans) (VP oppose (NP the plan) (SBAR-ADV while (S (NP-SBJ (NP South Koreans) , (NP Japanese) and (NP Taiwanese)) (VP (VP accept (NP it)) or (VP are (ADJP-PRD neutral))))))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ a conservative weekly magazine) (VP reported (SBAR that (S (NP-SBJ a pachinko industry organization) (VP donated (NP money) (PP-CLR to (NP Japan Socialist Party members)))))) .)) (TOP (S (NP-SBJ The magazine) (VP alleged (SBAR that (S (PP in (S-NOM (NP-SBJ *) (VP making (NP the donations)))) , (S (NP-SBJ the pachinko industry) (VP may (VP have (VP been (VP offering (NP (NP bribes) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP win (NP support) (PP-LOC in (NP (NP the battle) (PP against (NP prepaid cards)))))))))))))) , or (S (NP-SBJ it) (VP may (VP have (VP been (VP laundering (NP money) (ADVP back and forth) (PP between (NP (NP the JSP) and (NP (NP (NP the (ADJP North Korean) residents ') organization) , (NP the Chosen Soren)))))))))))) .)) (TOP (S (NP-SBJ (NP The Chosen Soren) and (NP the JSP)) (ADVP-TMP immediately) (VP denied (NP the report)) .)) (TOP (S And (PP-TMP at (ADJP first)) , (NP-SBJ-1 neither (NP the opposition) nor (NP the LDP)) (VP wanted (S (NP-SBJ *-1) (VP to (VP pursue (NP the issue))))) .)) (TOP (S But (S (NP-SBJ the press) (VP kept (S (NP-SBJ it) (ADJP-PRD alive)))) ; (S (PP as (PP with (NP the Recruit scandal))) , (NP-SBJ-2 (NP lists) (PP *ICH*-3)) (VP began (S (NP-SBJ *) (VP circulating (NP *-2))) (PP-3 with (NP (NP names) (PP of (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP received (NP money))))))))))) .)) (TOP (S (PP-TMP Within (NP (NP a matter) (PP of (NP weeks)))) , (NP-SBJ less-conservative magazines) (VP reported (SBAR that (S (NP-SBJ (NP members) (PP of (NP the ruling LDP))) (VP had (VP received (NP (ADJP much larger) donations) (PP-CLR from (NP pachinko organizations))))))) .)) (TOP (S (ADVP-TMP So far) , (ADVP though) , (NP-SBJ there) (VP have (VP been (NP-PRD no allegations (SBAR that (S (NP-SBJ (NP the contributions) (SBAR (WHNP-1 0) (S (NP-SBJ the LDP members) (VP received (NP *T*-1))))) (VP amounted (PP-CLR to (NP bribes)))))))) .)) (TOP (S (S (ADVP-TMP Then) (NP-SBJ the two camps) (VP upped (NP the ante))) : (S (NP-SBJ-1 Reports (SBAR that (S (NP-SBJ Chosen Soren) (VP had (VP donated (ADVP-MNR directly) (PP-CLR to (NP JSP members))))))) (VP were (ADVP-MNR rapidly) (VP countered (NP *-1) (PP by (NP-LGS statements (SBAR that (S (NP-SBJ (NP the (ADJP South Korean) residents ') organization) (VP had (ADVP-TMP long) (VP been (VP donating (ADVP-MNR directly) (PP-CLR to (NP LDP members)))))))))))) .)) (TOP (S (NP-SBJ The JSP) (VP (VP admitted (NP-TMP Oct. 13) (SBAR that (S (NP-SBJ its members) (VP received (NP (QP about eight million) yen) (PP-CLR from (NP the pachinko organization)))))) , and (VP (VP charged (NP-1 LDP members) (PP-CLR-2 with (S-NOM (NP-SBJ *-1) (VP receiving (NP (NP (QP 125 million) yen) (PRN -LRB- (NP $ 880,000 *U*) -RRB-)))))) and (VP (NP=1-3 other opposition parties) (PP-CLR=2 with (S-NOM (NP-SBJ *-3) (VP taking (NP (QP about 2.5 million) yen))))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ the chief cabinet secretary) (VP announced (SBAR that (S (NP-SBJ eight cabinet ministers) (VP had (VP received (NP five million yen) (PP-CLR from (NP the industry)) , (PP including (NP (NP 450,000 yen) (PRN -LRB- (NP $ 3,175 *U*) -RRB-) (PP by (NP Prime Minister Toshiki Kaifu))))))))) .)) (TOP (S (NP-SBJ No one) (VP has (VP alleged (SBAR that (S (NP-SBJ the donations) (VP were (PP by (NP themselves)) (ADJP-PRD illegal)))))) .)) (TOP (S (S (NP-SBJ (NP Direct donations) (PP from (NP (NP either) (PP of (NP (NP the residents ') organizations))))) (VP would (VP be (ADJP-PRD illegal) (SBAR-PRP because (S (NP-SBJ-1 the groups) (VP are (VP defined (NP *-1) (PP-CLR as (ADJP foreign))))))))) , but (S (NP-SBJ-2 both groups) (VP deny (S (NP-SBJ *-2) (VP making (NP direct donations))))) .)) (TOP (S (NP-SBJ They) (VP say (SBAR 0 (S (NP-SBJ it) (VP s (ADJP possible (SBAR 0 (S (NP-SBJ (NP some) (PP of (NP their members))) (VP may (VP be (VP donating (ADVP-MNR privately))))))))))) .)) (TOP (S (NP-SBJ-1 The issue) (VP is (ADVP further) (VP complicated (NP *-1) (SBAR-PRP because (S (SBAR-ADV although (S (NP-SBJ the organizations) (VP represent (NP Korean residents)))) , (S (NP-SBJ-2 those residents) (VP were (ADVP largely) (VP born and raised (NP *-2) (PP-LOC in (NP Japan))))) and (S (NP-SBJ many) (VP speak (NP only Japanese))))))) .)) (TOP (S (SBAR-SBJ That (S (NP-SBJ they) (VP retain (NP Korean citizenship and ties)))) (VP is (NP-PRD (NP a reflection) (PP of (NP (NP (NP history) (PRN -- (S (NP-SBJ their parents) (VP were (VP shipped (PRT in) (PP-MNR as (NP laborers)) (PP-TMP during (NP (NP the decades) (SBAR (WHADVP-2 when) (S (NP-SBJ Japan) (VP occupied (NP Korea) (PP-TMP before (NP World War II)) (ADVP-TMP *T*-2))))))))) --)) and (NP (NP the discrimination) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP still) (VP faces (NP Koreans) (PP-LOC in (NP Japanese society)))))))))) .)) (TOP (S (NP-SBJ Many Japanese) (VP think (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (ADJP-PRD only natural) (SBAR-2 that (S (NP-SBJ-3 (NP the organizations) or (NP their members)) (VP would (VP donate (PP-CLR to (NP politicians)) , (NP-MNR (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ many Japanese) (VP do (ADVP-MNR *T*-1))))) , (S-PRP (NP-SBJ *-3) (VP to (VP win (NP favor or support)))))))))) .)) (TOP (S (NP-SBJ-1 Both (NP residents ') organizations) (VP admit (PP-CLR to (S-NOM (NP-SBJ *-1) (VP receiving (NP some funding) (PP-CLR from (NP abroad)))))) .)) (TOP (S But (NP-SBJ-1 (NP LDP members) and (NP (NP supporters) (PP of (NP the prepaid card idea)))) (VP tend (S (NP-SBJ-2 *-1) (VP to (VP speak (PP-MNR in (NP innuendo)) (PP-CLR about (NP (NP the JSP 's) alleged donations)) , (S-ADV (NP-SBJ *-2) (VP implying (SBAR that (S (NP-SBJ (ADJP North Korean) money) (VP would (VP be (ADJP-PRD (ADJP more suspect) (PP than (NP (ADJP South Korean)))) (SBAR-PRP because (S (S (NP-SBJ North Korea) (VP is (ADJP-PRD communist))) and (S (NP-SBJ South Korea) (VP is (NP-PRD an ally))))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Robert McDuffie) (VP was (NP-PRD 14) (ADVP-TMP *T*-1)))) , (NP-SBJ he) (VP got (NP a chance (S (NP-SBJ *) (VP to (VP play (PP-LOC in (NP the starting lineup)) (PP for (NP (NP his high school basketball team) (PP-LOC in (NP (NP Macon) , (NP Ga)))))))))) .)) (TOP (S (ADVP Unfortunately) , (S (NP-SBJ his mother) (VP had (NP (NP tickets) (PP for (NP (NP a recital) (PP by (NP Itzhak Perlman)) (NP-TMP the same night)))))) , and (S (NP-SBJ she) (VP was (ADJP-PRD adamant (PP about (NP his attending))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP threw (NP such a fit))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. McDuffie) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP begun (NP violin studies) (PP-TMP at (NP (NP the age) (PP of (NP six))))))))) .)) (TOP (S `` But (SBAR-TMP once (S (NP-SBJ-1 Perlman) (VP started (S (NP-SBJ *-1) (VP playing))))) , (NP-SBJ I) (VP did n't (VP give (NP-CLR a damn) (PP-CLR about (NP basketball)))) ... .)) (TOP (S (ADVP-TMP Afterwards) , (NP-SBJ I) (VP (VP went (ADVP-DIR home)) and (VP practiced (PP-TMP for (NP three hours)))) . '')) (TOP (S (NP-TMP Today) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD obvious) (SBAR-1 that (S (NP-SBJ the brawny , (ADJP six-foot , one-inch) musician) (VP made (NP the right choice))))) .)) (TOP (S (PP-TMP At (NP 31)) , (NP-SBJ Mr. McDuffie) (VP has (NP (NP a rich , full-bodied tone) , (NP an admirable rhythmic precision) and (NP an (ADJP increasingly busy) schedule))) .)) (TOP (S (NP-SBJ He) (VP 's (ADVP-TMP currently) (PP-LOC-PRD in (NP (NP the midst) (PP of (NP (NP a 17-city U.S. tour) (PP with (NP (NP Yehudi Menuhin) and (NP the Warsaw Sinfonia))) , (PP with (NP (NP stops) (PP including (NP (NP (NP (NP Charleston) , (NP S.C .)) (PRN -LRB- (NP-TMP Oct. 25) -RRB-)) , (NP (NP (NP Sarasota) , (NP Fla .)) (PRN -LRB- (NP-TMP Oct. 28) -RRB-)) , (NP (NP (NP Tampa) , (NP Fla .)) (PRN -LRB- (NP-TMP Oct. 29) -RRB-)) and (NP (NP Miami) (PRN -LRB- (NP-TMP Oct. 31) -RRB-))))))))))) .)) (TOP (S (NP-TMP Later this season) (NP-SBJ he) (VP (VP gives (NP a recital) (PP-LOC at (NP (NP Washington 's) Kennedy Center))) , and (VP appears (PP-MNR as (NP soloist)) (PP-CLR with (NP several major orchestras)))) .)) (TOP (S Yet (NP-SBJ (NP Mr. McDuffie 's) career) (VP has (VP developed (PP-MNR at (NP (NP a slower pace) (PP than (NP (NP those) (PP of (NP (NP some) (PP of (NP his (ADJP better known) contemporaries)))))))))) .)) (TOP (S (PP-TMP During (NP the late 1970s)) , (NP-SBJ he) (VP was (NP-PRD (NP part) (PP of (NP (NP a musical `` brat pack '') -- (NP (NP a group) (PP of (NP (NP budding virtuosos) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP studied (PP-LOC at (NP the Juilliard School)) (PP-CLR with (NP the noted pedagogue Dorothy DeLay)))))))))))) .)) (TOP (S (NP-SBJ His violin classmates) (VP included (NP (NP (NP Shlomo Mintz) , (NP (NP a protege) (PP of (NP Isaac Stern)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP performed (PP-CLR with (NP major orchestras)) (PP-TMP while (NP still a student))))))) ; (NP (NP Cho-Liang Lin) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP joined (NP (NP the roster) (PP of (NP ICM Artists Inc.))) (PP-TMP at (NP (NP the age) (PP of (NP 18)))))))) ; and (NP (NP Nadja Salerno-Sonnenberg) , (SBAR (WHNP-3 who) (S (NP-SBJ-4 *T*-3) (VP launched (NP her career) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP winning (NP the 1981 Naumberg Competition)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP thought (SBAR 0 (S (NP-SBJ I) (VP was (PP-PRD over (NP the hill)) (PP-TMP at (NP 22))))))) , '' (VP recalls (S *T*-1)) (NP-SBJ (NP Mr. McDuffie) , (NP (NP an outgoing man) (PP with (NP (NP (ADJP pale blue) eyes) and (NP a light Southern drawl))))) .)) (TOP (S `` But (NP-SBJ I) (VP was n't (ADJP-PRD ready (PP for (NP a career))) (PP-TMP at (NP that time))) . '')) (TOP (S (NP-SBJ (NP Young McDuffie 's) first violin teacher) (VP was (NP-PRD (NP Henrik Schwarzenberger) , (NP (NP a Hungarian refugee) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP taught (PP-LOC in (NP the Macon public school system)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ He) (VP taught (NP me) (SBAR (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP play (PP-MNR like (NP a gypsy)) (ADVP-MNR *T*-1))))))) , '' (VP jokes (S *T*-2)) (NP-SBJ the musician) .)) (TOP (S `` (NP-SBJ-1 I) (VP did n't (VP learn (S (NP-SBJ *-1) (VP to (VP count))) (SBAR-TMP until (S (NP-SBJ I) (VP got (PP to (NP Juilliard))))))) . '')) (TOP (S (PP-TMP After (NP (NP studies) (PP-LOC at (NP (NP that conservatory 's) Pre-College Division)) (PP with (NP (NP an assistant) (PP to (NP the legendary instructor Ivan Galamian)))))) , (NP-SBJ he) (VP switched (PP-LOC at (NP the college level)) (PP-CLR to (NP (NP Miss DeLay) , (NP (NP (NP Mr. Galamian 's) longtime assistant) and (PRN , (ADVP-TMP ultimately) ,) (NP his rival))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-2 I) (VP had (S (NP-SBJ *-2) (VP to (VP prove (NP-PRD myself) (PP-CLR to (NP her)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. McDuffie) .)) (TOP (S `` But (NP-SBJ she) (VP was (ADVP-TMP always) (ADJP-PRD encouraging)) .)) (TOP (S (S-TPC-1 (NP-SBJ She) (ADVP only) (VP put (NP her foot) (PRT down) (ADVP-TMP twice))) , '' (NP-SBJ he) (VP continues (S *T*-1)) .)) (TOP (S `` (PP-TMP In (NP my freshman year)) , (NP-SBJ-1 my roommate) (VP was (VP known (NP *-1) (PP-CLR as (NP a party animal)))) .)) (TOP (S (NP-SBJ She) (VP thought (SBAR 0 (S (NP-SBJ I) (VP was n't (VP getting (S (NP-SBJ my practicing) (ADJP-PRD done))))))) . '')) (TOP (S (SBAR-ADV As (S (NP-SBJ the violinist) (VP tells (NP it)))) , (NP-SBJ his (ADJP grandmotherly looking) teacher) `` (VP (VP put (NP her hands) (PP-PUT on (NP her hips))) , (VP stomped (NP her foot)) and (VP said , ` (S (NP-SBJ-1 You) (VP 've (ADVP just) (VP got (S (NP-SBJ *-1) (VP to (VP get (PRN the -LCB- (S (NP-SBJ-2 expletive) (VP deleted (NP *-2))) -RCB-) (PP-DIR out (PP of (NP there))))))))) . ')) '')) (TOP (S (NP-SBJ The second incident) (VP took (NP-CLR place) (SBAR-TMP after (S (NP-SBJ Mr. McDuffie) (VP (VP gave (NP an ambitious student recital)) and (VP was (VP feeling (ADJP-PRD rather pleased (PP with (NP himself))))))))) .)) (TOP (S (NP-SBJ Miss DeLay) (VP requested (SBAR that (S (NP-SBJ he) (VP come (PP-DIR to (NP her studio)) (PP with (NP (NP a tape) (PP of (NP the recital)))))))) .)) (TOP (S-1 `` (S (NP-SBJ We) (VP listened (PP to (NP the Chausson ` Poeme)))) (PRN , ' '' (S (NP-SBJ he) (VP recalls (S *T*-1))) , ``) and (S (NP-SBJ she) (VP said , ` (SQ (NP-SBJ You) (VP hear (NP (NP the first note) , (NP that B-flat)))))) ?)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP the only note) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (ADVP truly) (PP-PRD in (NP tune))))))) ... ' . '')) (TOP (S-2 `` (NP-SBJ That) (VP 's (NP-PRD (NP the (ADJP most important) experience) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP 've (VP had (NP *T*-1) (PP with (NP any teacher))))))) (PRN , '' (PRN (S (NP-SBJ he) (VP says (S *T*-2)))) , ``) (SBAR-PRP because (S (NP-SBJ she) (VP taught (NP me) (SBAR (WHADVP-3 how) (S (NP-SBJ *) (VP to (VP listen (ADVP-MNR *T*-3))))))))) .)) (TOP (S (ADVP-TMP Now) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ I) (VP play (PP-CLR with (NP orchestras)) (ADVP-TMP *T*-1)))) , (NP-SBJ the musicians) (ADVP-TMP often) (VP compliment (NP me) (PP-CLR on (NP my intonation))) . '')) (TOP (S-CLF (NP-SBJ It) (VP was (ADVP also) (PP-PRD at (NP Juilliard)) (SBAR (WHADVP-1 that) (S (NP-SBJ Mr. McDuffie) (VP discovered (NP (NP his predilection) (PP for (NP (NP conservative , (ADJP 20th-century American) composers) (PP such as (NP (NP David Diamond) and (NP Samuel Barber)))))) (ADVP-LOC *T*-1))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-2) (VP winning (NP a school competition) (PP with (NP (NP a performance) (PP of (NP (NP the latter 's) `` Violin Concerto))))))) , '' (NP-SBJ-2 Mr. McDuffie) (VP was (VP invited (S (NP-SBJ *-2) (VP to (VP play (NP the work) (PP for (NP (NP the composer) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (VP dying (PP-CLR of (NP cancer))))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-2 Barber) (VP was (VP seated (NP *-2) (PP-LOC by (NP the fireplace)) (S (NP-SBJ *-2) (VP looking (ADJP-PRD very pale)))))) , '' (VP recalls (S *T*-3)) (NP-SBJ (NP the violinist) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP performed (NP the work) (PP with (NP a piano accompanist)) (PP-LOC at (NP (NP the composer 's) apartment)))))) .)) (TOP (S `` (S (NP-SBJ He) (VP did n't (VP say (NP much)))) , but (S (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ he) (VP said (NP *T*-1)))) (VP was (ADJP-PRD important) (SBAR-PRP because (S (NP-SBJ it) (VP 's not (PP-LOC-PRD in (NP the score))))))) .)) (TOP (S (NP-SBJ There) (VP 's (NP-PRD a beautiful , Coplandesque motif) (PRN -- (S (NP-SBJ he) (VP 'd (VP kill (NP me) (SBAR-ADV if (S (NP-SBJ he) (VP heard (S (NP-SBJ me) (VP say (NP that))))))))) --) (PP-LOC throughout (NP the first movement))) ...)) (TOP (S (NP-SBJ (NP The only time) (SBAR (WHADVP-1 0) (S (NP-SBJ the violin) (VP has (NP it) (ADVP-TMP *T*-1))))) (VP is (PP-TMP-PRD right at (NP the end))) .)) (TOP (S (S (NP-SBJ-1 It) (VP 's (VP written (NP *-1) ` (NP marcato) ' (PP-LOC in (NP the score))))) , and (S (NP-SBJ I) (VP played (NP it) (NP-MNR that way) , (ADVP-MNR (ADVP kind of) gigue-like))) .)) (TOP (S And (NP-SBJ he) (VP yelled (PRT out) ` (FRAG (ADJP dolce !) (ADJP dolce !)) ' (PRN -LCB- ` (ADJP sweet ! sweet !) ' -RCB-)) . '')) (TOP (S `` (S-TPC-1 (ADVP So) (NP-SBJ we) (VP did (NP it) (PRT over))) , '' (NP-SBJ he) (VP adds (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP played (ADVP-MNR very transparently) , (PP with (NP (NP the tip) (PP of (NP the bow))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ a conductor) (VP is (ADJP-PRD sensitive enough (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP bring (PRT down) (NP the orchestra (PRN -LCB- volume -RCB-)) (PP-TMP at (NP that point)))))))))) , (NP-SBJ it) (VP makes (S (NP-SBJ the piece) (ADJP-PRD magical))) .)) (TOP (S (NP-SBJ I) (VP do n't (VP know (SBAR (WHADVP-1 why) (S (NP-SBJ Barber) (ADVP-TMP never) (VP told (NP anybody else) (ADVP-PRP *T*-1)))))) .)) (TOP (S (PP-LOC On (NP (NP Isaac Stern 's) recording)) (NP-SBJ it) (VP 's (ADJP-PRD very biting)) . '')) (TOP (S (PP-TMP Since (S-NOM (NP-SBJ *-1) (VP leaving (NP Juilliard)))) , (NP-SBJ-1 Mr. McDuffie) (VP has (VP made (NP (NP some smart moves) and (NP some controversial ones)))) .)) (TOP (S (NP-SBJ (NP His guest appearance) (PP on (NP (NP the NBC soap opera) `` Another World))) , '' (VP scandalized (NP musical elitists)) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ he) (VP 's (VP won (NP kudos) (PP for (NP (NP his espousal) (PP of (NP (NP (NP William Schuman 's) `` Violin Concerto) , '' (SBAR (WHNP-1 which) (S (NP-SBJ he) (ADVP-TMP recently) (VP recorded (NP *T*-1) (PP for (NP Angel/EMI)) (PP along with (NP (NP (NP Leonard Bernstein 's) engaging `` Serenade) (PP for (NP (NP Violin Solo) , (NP Strings) and (NP Percussion)))))))))))))) . '')) (TOP (S (NP-SBJ (NP Mr. McDuffie 's) (NX (NX sweet tone) , (NX heartfelt lyricism) and (NX rhythmic punch))) (VP make (S (NP-SBJ him) (NP-PRD (NP an ideal interpreter) (PP of (NP both works))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Aided (NP *-1) (PP by (NP-LGS (NP the fluid playing) (PP of (NP the St. Louis Symphony)) (PP-LOC under (NP (NP Leonard Slatkin 's) direction)))))) , (NP-SBJ-2 this `` Serenade '') (ADVP really) (VP swings) .)) (TOP (S (NP-SBJ (NP (NP Mr. Schuman 's) `` Violin Concerto) , '' (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP sounds (PP-CLR more like (NP (NP a (ADJP mildly atonal) rhapsody) (PP for (NP (NP solo violin) (PP with (NP orchestral accompaniment))))))))) ,) (VP meanders (PP-TMP until (NP the propulsive `` Agitato , fervente))) . '')) (TOP (S But (NP-SBJ there) (VP are (NP-PRD (NP (NP ample rewards) (PP-LOC in (NP its plaintive slow sections))) and (NP (NP virtuoso fireworks) (PP for (NP soloist , brass and timpani))))) .)) (TOP (S (PP-LOC At (NP (NP Avery Fisher Hall) (NP-LOC here))) , (NP-SBJ-1 Mr. McDuffie) (VP was (VP heard (NP *-1) (ADVP-TMP recently) (PP with (NP (NP Mr. Menuhin) and (NP the Warsaw Sinfonia))) (PP-LOC in (NP (NP (ADJP more conventional) fare) -- (NP (NP (NP Bruch 's) overwrought `` Violin Concerto) (PP in (NP G Minor))))))) . '')) (TOP (S (NP-SBJ His performance) (VP was (ADJP-PRD so effusive and driven (SBAR that (S (NP-SBJ the phrases) (ADVP-TMP rarely) (VP breathed))))) .)) (TOP (S (NP-SBJ The 35-member Sinfonia) (VP played (ADVP-MNR adroitly) (PP-MNR with (NP (NP a big , lush sound) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP belied (NP its size))))))) .)) (TOP (S (SBAR-ADV (WHNP-2 Whatever) (S (NP-SBJ he) (VP plays (NP *T*-2)))) , (NP-SBJ Mr. McDuffie) (VP finds (NP satisfaction) (PP-LOC in (NP (NP (NP the music) (NP itself)) -- `` (NP (NP something) (ADJP (ADJP greater) (PP *ICH*-3)) (ADVP out there) (PP-3 than (NP me))) , '' (SBAR-ADV as (S (NP-SBJ he) (VP puts (NP it) (ADVP-CLR *?*) (PP-TMP during (NP (NP an interview) (PP-LOC at (NP (NP the Manhattan apartment) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP shares (NP *T*-1) (PP-CLR with (NP (NP wife) , (NP Camille) , (NP a literary publicist)))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ A normal person) (VP did not (VP write (NP the Beethoven ` Violin Concerto)))) , ' '' (NP-SBJ he) (VP declares (S *T*-1)) .)) (TOP (S `` (SBAR-TMP Even (WHADVP-1 when) (S (NP-SBJ I) (VP hear (S (NP-SBJ it) (VP played (NP *) (ADVP-MNR badly))) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 I) (VP 'm (ADVP still) (VP humbled (NP *-2) (PP by (NP-LGS the piece)))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ I) (VP could (ADVP-TMP ever) (VP feel (SBAR 0 (S (NP-SBJ I) (VP 've (VP contributed (PP-CLR to (NP it)) (PP-MNR in (NP some way)))))))))) , then (NP-SBJ all the hard work) (VP has (VP been (ADJP-PRD worth (NP it)))) . '')) (TOP (S (NP-SBJ Ms. Jepson) (VP is (NP-PRD (NP a free-lance music writer) (PP-LOC in (NP New York)))) .)) (TOP (SQ Are (NP-SBJ consumers) (PP-PRD (ADVP too deep) in (NP hock)) ?)) (TOP (S (S (NP-SBJ (NP A lot) (PP of (NP observers))) (VP think (ADVP so))) , and , (S (SBAR-ADV if (S (NP-SBJ they) (VP 're (ADJP-PRD right)))) , (NP-SBJ-1 (NP the whole economy) (CONJP as well as) (NP (NP the spendthrifts) (PP-LOC among (NP us)))) (VP could (VP be (VP hurt (NP *-1))))) .)) (TOP (S (NP-SBJ (NP A sudden , forced cutback) (PP by (NP (NP consumers) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP normally) (VP account (PP-CLR for (NP (NP (QP about two-thirds)) (PP of (NP economic activity))))))) ,))) (VP would (VP damp (NP the economy) (PP-TMP at (NP (NP a time) (SBAR (WHADVP-2 when) (S (S (NP-SBJ plant-and-equipment spending) (VP is (VP slowing))) and (S (NP-SBJ deficit-racked governments) (VP ca n't (ADVP readily) (VP take (PRT up) (NP the slack)))) (ADVP-TMP *T*-2))))))) .)) (TOP (S And (NP-SBJ (NP another wave) (PP of (NP bad loans))) (VP would (ADVP further) (VP batter (NP many already-shaky lending institutions))) .)) (TOP (S (NP-SBJ The worriers) (VP cite (NP some worrisome trends)) .)) (TOP (S (PP-TMP During (NP the (ADJP almost seven-year-old) economic expansion)) , (S (NP-SBJ (NP inflation-adjusted gross national product) , (NP disposable personal income) and (NP personal consumption expenditures)) (VP have (VP risen (NP-EXT 30 %)))) , but (S (NP-SBJ inflation-adjusted consumer installment credit) (VP has (VP surged (NP-EXT 66 %)))) .)) (TOP (S And (NP-SBJ (NP the ratio) (PP of (NP (NP installment debt) (PP to (NP (NP disposable personal income) -- (NP (NP personal income) (PP after (NP taxes))) --))))) (VP has (VP hit (NP (NP a high) (PP of (NP (QP about 18 1) %))))) .)) (TOP (S (ADVP However) , (NP-SBJ-1 these figures) (VP do n't (VP seem (S (NP-SBJ *-1) (VP to (VP worry (NP (NP Thomas A. Durkin) , (NP (NP an economist) (PP-LOC at (NP the Federal Reserve Board))))))))) .)) (TOP (S (PP-LOC In (NP (NP a paper) (VP presented (NP *) (PP-LOC at (NP (NP the recent annual meeting) (PP of (NP (NP the National Association) (PP of (NP Business Economists)))) (PP-LOC in (NP San Francisco))))))) , (NP-SBJ Mr. Durkin) (VP comments (SBAR that `` (S (S (NP-SBJ installment credit) (ADVP-TMP always) (VP grows (ADVP-MNR rapidly) (PP-TMP in (NP cyclical advances)))) , and (S (NP-SBJ (NP growth) (PP-TMP in (NP this cycle))) (VP is (ADJP-PRD very typical (PP of (NP earlier experiences)))))))) . '')) (TOP (S (NP-SBJ He) (VP adds : `` (S (NP-SBJ We) (VP are (ADVP-TMP now) (VP witnessing (NP (NP a slowdown) (SBAR (WHNP-1 which) , (S (SBAR-ADV if (S (NP-SBJ history) (VP is (NP-PRD a guide)))) , (NP-SBJ *T*-1) (VP could (VP persist (PP-TMP for (NP a while))))))))) . '')))) (TOP (FRAG But what about (NP the debt burden) ?)) (TOP (S (NP-SBJ Mr. Durkin) (VP doubts (SBAR that `` (S (NP-SBJ there) (VP is (NP-PRD (NP some magic level) '' (SBAR (WHPP-1 at (WHNP which)) (S (NP-SBJ (NP the ratio) (PP of (NP installment debt)) (PP to (NP disposable income))) `` (VP indicates (NP economic problems) (PP-LOC *T*-1))))))))) . '')) (TOP (S-1 And , `` (ADVP more importantly) , '' (S (NP-SBJ he) (VP says (S *T*-1))) , `` (NP-SBJ (NP the debt burden) (VP measured (NP *) (NP-MNR other ways))) (VP is not (ADVP really) (PP-LOC-PRD in (NP uncharted waters))) . '')) (TOP (S (NP-SBJ The chart below) (VP shows (FRAG (WHADVP why)) (PRN -LRB- (S (NP-SBJ *) (VP see (NP (NP accompanying illustration) -- (NP (NP WSJ) (NP-TMP Oct. 23 , 1989))))) -RRB-)) .)) (TOP (S (S (NP-SBJ (NP The ratio) (PP of (NP consumer installment credit)) (PP to (NP disposable income))) , (PP though (ADVP up (NP a bit))) , (VP has n't (VP climbed (ADVP-MNR steeply)))) , and (S (NP-SBJ-1 (NP such debt) (PP as (NP (NP a percent) (PP of (NP household assets))))) (VP is (ADVP-EXT little) (VP changed (NP *-1)))) .)) (TOP (S (S-TPC-1 (ADVP Moreover) , (NP-SBJ (NP the burden) (PP of (NP (NP consumer credit payments) (ADJP relative (PP to (NP disposable income)))))) (VP may (VP be `` (ADJP-PRD (ADJP lower (PP-TMP in (NP this cycle))) (PP than (ADVP-TMP earlier)))))) , '' (NP-SBJ Mr. Durkin) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP notes (SBAR that (S (NP-SBJ some `` revolving credit-card credit) (VP is (ADVP actually) (NP-PRD (NP convenience credit) '' (VP being (VP used (PP-CLR (ADVP simply) as (NP (NP (NP a handy way) (PP of (S-NOM (NP-SBJ *) (VP paying (NP bills))))) (CONJP rather than) (NP (NP a handy way) (PP of (S-NOM (NP-SBJ *) (VP borrowing))))))))))))) .)) (TOP (S-1 (PP In (NP addition)) , (PRN (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ (NP longer maturities) (PP on (NP (NP automobile and other forms) (PP of (NP installment credit))))) (VP boost (NP (NP the stock) (PP of (NP debt))) (ADVP-MNR faster (PP than (NP (NP (NP the flow) (PP of (NP repayments))) and (NP the accompanying payment burden))))) . '')) (TOP (S-1 And (SBAR-ADV if (S (NP-SBJ you) `` (VP consider (NP (NP the changing distribution) (PP of (NP credit)))))) , (PRN '' (S (NP-SBJ Mr. Durkin) (VP says (SBAR 0 (S *T*-1)))) , ``) (NP-SBJ (NP much) (PP of (NP (NP the increase) (PP in (NP debt)) (PP-TMP in (NP recent years))))) (VP is (ADJP-PRD due (PP to (NP (NP increasing credit use) (PP by (NP (NP higher-income families) , '' (PRN (S (NP-SBJ that) (VP is))) , `` (NP (NP those) (ADJP probably best able (S (NP-SBJ *) (VP to (VP handle (NP it)))))))))))) . '')) (TOP (S (S-ADV (NP-SBJ *-1) (VP Citing (NP (NP figures) (PP on (NP home-equity loans))))) , (NP-SBJ-1 he) (VP notes (SBAR that `` (S (S (NP-SBJ (NP 11 %) (PP of (NP homeowners))) (VP had (NP home-equity credit accounts))) , but (S (NP-SBJ the proportion) (VP rises (PP-DIR to (NP (NP (NP 16 %) (PP of (NP (NP homeowners) (PP-LOC in (NP the (ADJP (QP $ 45,000-$60,000) *U*) income range))))) and (NP (NP 23 %) (PP of (NP (NP homeowners) (PP with (NP (NP income) (PP above (NP $ 60,000 *U*)))))))))))))) . '')) (TOP (S And (NP-SBJ-1 much home-equity credit) (VP is (VP used (NP *-1) (ADVP-MNR conservatively))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ The (ADJP most frequent) use) (VP is (NP-PRD (NP home improvement) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP presumably) (VP improves (NP (NP the value) (PP of (NP the property))))))))) , '' (NP-SBJ Mr. Durkin) (VP says (S *T*-2)) .)) (TOP (S (ADVP So) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is n't (ADJP-PRD surprising) (SBAR-1 that (S (NP-SBJ (NP consumer-credit delinquencies) (PP at (NP banks))) (VP remain (PRN , (SBAR-ADV as (S (NP-SBJ the chart) (VP shows (SBAR 0 (S *?*))))) ,) (PP-LOC-CLR (ADVP reassuringly) below (NP some earlier highs)) (PRN -LRB- (S (NP-SBJ *) (VP see (NP (NP accompanying illustration) -- (NP (NP WSJ) (NP-TMP Oct. 23 , 1989))))) -RRB-))))) .)) (TOP (S (S (NP-SBJ A severe recession) (VP could , (PP of (NP course)) , (VP raise (NP delinquency rates)))) , but (S (ADVP-TMP so far) (NP-SBJ-1 (NP the current levels) (PP of (NP consumer debt))) (VP do n't (VP seem (S (NP-SBJ *-1) (VP to (VP loom (PP-CLR as (NP a major threat)))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ (NP (NP the current weakness) (PP-LOC in (NP (NP auto buying) and (NP department-store sales)))) and (NP (NP the gradual upturn) (PP-LOC in (NP the household saving rate)))) (VP suggest (SBAR that (S (NP-SBJ (NP consumers) , (ADJP conservative (PP as (ADVP-TMP ever))) ,) (VP are (ADVP already) (VP clutching (NP their purses) (ADVP-MNR (NP a bit) more tightly)))))) .)) (TOP (S (PP-TMP In (NP July)) , (NP-SBJ (NP consumer installment credit) (ADJP outstanding)) (VP fell (PP for (NP (NP the first time) (PP-TMP since (NP January 1987))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ-1 Consumers) (VP appear (ADJP-PRD unwilling (S (NP-SBJ-2 *-1) (VP to (VP add (PP-CLR to (NP their leverage)) (S-PRP (NP-SBJ *-2) (VP to (VP support (NP their spending)))))))))) , '' (NP-SBJ (NP Bruce Steinberg) , (NP a Merrill Lynch economist) ,) (VP says (S *T*-3)) .)) (TOP (S `` (PP As (NP a result)) , (NP-SBJ-1 household debt) (VP appears (S (NP-SBJ *-1) (VP to (VP be (VP stabilizing (PP-CLR at (NP (NP (QP around 63) %) (PP of (NP GNP))))))))) . '')) (TOP (S (NP-SBJ Consumers) , (S-ADV (NP-SBJ credit cards) (PP-LOC-PRD in (NP hand))) , (VP are n't (VP (VP running (ADVP-MNR amok) (PP-DIR through (NP the shopping malls))) -- or (VP putting (NP the economy) (PP-CLR at (NP any great risk))))) .)) (TOP (S (NP-SBJ-1 Maidenform Inc.) (VP loves (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD intimate (PP (PP with (NP its customers)) , but not (PP with (NP (NP the rest) (PP of (NP the public)))))))))) .)) (TOP (S (S (NP-SBJ (NP The 67-year-old maker) (PP of (NP brassieres , panties , and lingerie))) (VP enjoys (NP (NP one) (PP of (NP the best-known brand images))))) , but (S (NP-SBJ-1 its financial profile) (VP is (ADVP-MNR closely) (VP guarded (NP *-1) (PP by (NP-LGS (NP members) (PP of (NP the founding family))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ There) (VP are (NP-PRD (NP (ADJP very few) companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP can (VP boast (PP-CLR of (NP such a close-knit group))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Robert A. Brawer) , (ADJP (NP 52 years) old) , (VP (ADVP-TMP recently) named (S (NP-SBJ *) (NP-PRD president)) , (S-ADV (NP-SBJ *) (VP succeeding (NP (NP Beatrice Coleman) , (NP his mother-in-law) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP remains (NP-PRD chairman))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP are (NP-PRD a vanishing breed))) , '' (NP-SBJ he) (VP muses (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Mrs. Coleman) , (NP 73) , (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP declined (S (NP-SBJ-1 *-3) (VP to (VP be (VP interviewed (NP *-1)))))))) ,) (VP is (NP-PRD the Maidenform strategist)) .)) (TOP (S (NP-SBJ Sales) (VP have (VP tripled (PP-TMP during (NP her 21-year tenure)) (PP-DIR to (NP (NP (QP about $ 200 million) *U*) (PP-TMP in (NP 1988)))))) .)) (TOP (S (NP-SBJ-1 Maidenform) (VP (VP says (SBAR 0 (S (NP-SBJ it) (VP is (ADJP-PRD very profitable))))) but (VP declines (S (NP-SBJ *-1) (VP to (VP provide (NP specifics)))))) .)) (TOP (S (NP-SBJ The company) (VP sells (NP image)) .)) (TOP (S (NP-SBJ (NP Its current ad campaign) , (SBAR (WHPP-1 on (WHNP which)) (S (NP-SBJ Maidenform) (VP has (VP spent (NP (QP more than $ 15 million) *U*) (PP-CLR *T*-1) (PP-TMP since (NP fall 1987)))))) ,) (VP does n't (ADVP even) (VP show (NP (NP its underwear products) , but rather (NP (NP (NP men) (PP like (NP (NP Christopher Reeve) , (NP (NP star) (PP of (NP the `` Superman '' movies))) ,))) (VP talking (PP-CLR about (NP their lingerie turn-ons))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The Maidenform name) `` (VP is (NP-PRD (NP part) (PP of (NP American pop culture))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Joan Sinopoli) , (NP (NP account supervisor) (PP of (NP (NP the campaign) (PP by (NP (NP Levine , Huntley , Schmidt & Beaver) , (NP a New York ad firm))))))) .)) (TOP (S (NP-SBJ Maidenform) (VP generated (NP (NP such memorable campaigns) (PP as (NP `` (S-TTL (NP-SBJ I) (VP dreamed (SBAR 0 (FRAG (NP I) ... (PP-MNR in (NP my Maidenform bra)))))) , '' and `` (NP-TTL The Maidenform woman))))) .)) (TOP (S-TTL (NP-SBJ You) (ADVP-TMP never) (VP know (SBAR (WHADVP-1 where) (S (NP-SBJ she) (VP 'll (VP turn (PRT up) (ADVP *T*-1)))))) . '')) (TOP (SINV `` (S-TPC-2 (S-NOM-SBJ (NP-SBJ *) (VP Capitalizing (PP-CLR on (NP the brand)))) (VP is (ADJP-PRD key))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Brawer) , (SBAR (WHNP-1 whose immediate plans) (S (NP-SBJ *T*-1) (VP include (NP (NP further international expansion) and (S-NOM (NP-SBJ *) (VP getting (NP (NP better control) (PP of (NP (NP distribution) (PP-LOC outside (NP the U.S)))))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ-3 The intimate apparel industry) (VP is (VP perceived (S (NP-SBJ *-3) (VP to (VP be (NP-PRD a growth industry))))))) and (S (ADVP clearly) -LCB- (NP-SBJ Maidenform) -RCB- (VP is (NP-PRD (NP a force) (SBAR (WHNP-4 0) (S (NP-SBJ-1 *) (VP to (VP be (VP reckoned (NP *-1) (PP-CLR with (NP *T*-4))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP David S. Leibowitz) , (NP (NP a special situations analyst) (PP at (NP (NP American Securities Corp.) (PP-LOC in (NP New York)))))) .)) (TOP (S (S-TPC-3 (SBAR-ADV Although (S (NP-SBJ-1 working women) (VP are `` (VP forced (S (NP-SBJ *-1) (VP to (VP wear (NP (NP the uniform) (PP of (NP the day)))))))))) , (S-PRP (NP-SBJ *-2) (VP to (VP retain (NP their femininity)))) (NP-SBJ-2 they) (VP are (VP buying (NP (ADJP better quality) , (ADJP more upscale) intimate apparel)))) , '' (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 (NP (NP Mr. Brawer 's) appointment) (PP as (NP president))) (VP was (ADVP long) (VP expected (NP *-1))))) , (NP-SBJ (NP the move) (PP-LOC on (NP Sept. 25))) (VP precipitated (NP (NP the resignation) (PP of (NP Alan Lesk)) (PP as (NP (NP senior vice president) (PP of (NP sales and merchandising)))))) .)) (TOP (S (ADVP-TMP (NP Three days) later) , (NP-SBJ-1 Mr. Lesk) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP president) and (NP chief executive officer)) (PP of (NP (NP Olga Co.) , (NP (NP a competing intimate apparel division) (PP of (NP Warnaco Inc))))))))) .)) (TOP (S (NP-SBJ Warnaco) (ADVP also) (VP owns (NP (NP Warners) , (NP another major intimate apparel maker))) .)) (TOP (S (NP-SBJ-1 Mr. Lesk) (VP could n't (VP be (VP reached (S-CLR (NP-SBJ *-1) (VP to (VP comment)))))) .)) (TOP (S But (NP-SBJ Maidenform officials) (VP say (SBAR that (S (PP-TMP after (S-NOM (NP-SBJ *-1) (VP spending (NP 24 years) (PP-LOC at (NP Maidenform))))) , (NP-SBJ-1 (NP Mr. Lesk) , (NP 48) ,) (VP made (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (ADJP-PRD clear) (SBAR-2 0 (S (NP-SBJ he) (VP wanted (NP the top job))))))))) .)) (TOP (SINV `` (S-TPC-3 (SBAR-ADV If (S (NP-SBJ you) (VP want (NP (NP the presidency) (PP of (NP the company)))))) , (NP-SBJ this) (VP is n't (NP-PRD (NP the firm) (SBAR (WHNP-4 0) (S (NP-SBJ *) (VP to (VP work (PP-CLR for (NP *T*-4))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP (NP James Mogan) , (NP 45) ,) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP senior vice president) (PP of (NP sales)))) , (S (NP-SBJ *-1) (VP assuming (NP (NP some) (PP of (NP (NP the responsibilities) (PP of (NP Mr. Lesk)))))))))))) .)) (TOP (S (NP-SBJ The company) (VP (VP downplayed (NP (NP the loss) (PP of (NP Mr. Lesk)))) and (VP split (NP his merchandising responsibilities) (PP-CLR among (NP (NP a committee) (PP of (NP four people)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ My style) (VP is (ADJP-PRD less informal))) , '' (NP-SBJ Mr. Brawer) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Top officers) (VP insist (SBAR 0 (S (NP-SBJ (NP Maidenform 's) greatest strength) (VP is (NP-PRD its family ownership))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ You) (VP ca n't (VP (VP go (ADVP-DIR anywhere (PP in (NP this company)))) and (VP find (NP an organizational chart))))) , '' (NP-SBJ one) (VP delights (S *T*-1)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP It) (S *EXP*-2)) (VP is (NP-PRD fun) (S-2 (NP-SBJ *) (VP competing (PP-MNR as (NP a private company)))))) , '' (NP-SBJ Mr. Brawer) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ You) (VP can (VP think (NP-MNR long range))) . '')) (TOP (S (NP-SBJ (NP Other major players) (PP-LOC in (NP intimate apparel))) (ADVP apparently) (VP feel (NP-PRD the same way)) .)) (TOP (S (NP-SBJ-1 Warnaco) (VP was (VP taken (S (NP-SBJ *-1) (ADJP-PRD private)) (PP by (NP-LGS Spectrum Group)) (PP-TMP in (NP 1986)) (PP-CLR for (NP (QP about $ 487 million) *U*)))) .)) (TOP (S And (NP-TMP last year) , (NP-SBJ Playtex Holdings Inc.) (VP went (ADJP-PRD private) (PP-CLR for (NP (QP about $ 680 million) *U*))) .)) (TOP (S (NP-SBJ It) (VP was (ADVP then) (VP split (PP-CLR into (NP (NP (NP Playtex Apparel Inc.) , (NP the intimate apparel division) ,) and (NP (NP Playtex Family Products Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP (NP tampons) , (NP hair-care items) and (NP other products)))))))))) .)) (TOP (S (NP-SBJ (NP (NP Publicly traded VF Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP Vanity Fair)))) ,) and (NP (NP Sara Lee Corp.) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP owns (NP Bali Co.)))) ,)) (VP are (ADVP also) (NP-PRD (NP strong forces) (PP-LOC in (NP intimate apparel)))) .)) (TOP (S-1 (S (NP-SBJ (NP Buy-out offers) (PP for (NP Maidenform))) (VP are n't (ADJP-PRD infrequent))) (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ Executive Vice President David C. Masket)) ,) but (S (NP-SBJ they) (VP are n't (VP taken (ADVP-MNR very seriously)))) .)) (TOP (S (S-TPC-3 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ he) (VP gets (NP calls (ADVP-TMP *T*-1))))) , `` (NP-SBJ-2 I) (VP do n't (ADVP even) (VP have (S (NP-SBJ *-2) (VP to (VP consult '' (PP-CLR with (NP Mrs. Coleman)))))))) , (NP-SBJ Mr. Masket) (VP says (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ The company) (VP could (VP command (NP a good price) (PP-LOC in (NP the market)))) .)) (TOP (SINV `` (S-2 (PP-TMP Over (NP the past (QP three and a half) years)) , (NP-SBJ-1 (NP apparel companies) , (SBAR (WHNP-3 (WHNP many) (WHPP of (WHNP whom))) (S (NP-SBJ *T*-3) (VP have (NP strong brand names)))) ,) (VP have (VP been (VP bought (NP *-1) (PP-CLR at (NP (NP (QP about 60) %) (PP of (NP sales)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Deborah Bronston) , (NP Prudential-Bache Securities Inc. apparel analyst)) .)) (TOP (S (NP-SBJ Mr. Brawer) , (ADVP along (PP with (NP (NP Mrs. Coleman) and (NP (NP her daughter) , (NP Elizabeth) , (NP (NP an attorney) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (NP-PRD vice chairman))))) ,)))) (VP are (NP-PRD (NP the family members) (ADJP involved (PP in (NP (NP the operations) (PP of (NP (NP Maidenform) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP employs (NP (QP about 5,000)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP (NP Mr. Brawer 's) wife) , (NP Catherine) ,) and (NP (NP Robert Stroup) , (NP (NP Elizabeth 's) husband) ,)) (VP round (PRT out) (NP the five-member board)) .)) (TOP (S (NP-SBJ Each) (VP has (NP an equal vote) (PP-TMP at (NP the monthly meetings))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP are (ADVP all) (ADJP-PRD very amiable))) , '' (NP-SBJ Mr. Brawer) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Executives) (VP say (SBAR 0 (S (NP-SBJ-1 Mrs. Coleman) (VP is (ADJP-PRD very involved (PP in (NP (NP the day-to-day operations) , (ADVP especially) (NP product development)))))))) .)) (TOP (S (PP-TMP In (NP the late 1960s)) (NP-SBJ she) (VP designed (NP (NP a lightweight stretch bra) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP boosted (NP sales)))))) .)) (TOP (S (NP-SBJ (NP Her father) , (NP William Rosenthal) ,) (VP designed (NP (NP (NP the then-dress making company 's) first bra) (SBAR *ICH*-1)) (PP-TMP in (NP the 1920s)) , (SBAR-1 (WHNP-2 which) (S (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ *T*-2) (VP gave (NP women) (NP (NP a `` maiden form '') (VP compared (NP *) (PP-CLR with (NP (NP the `` boyish form '') (SBAR (WHNP-3 0) (S (NP-SBJ they) (VP got (NP *T*-3) (PP-CLR from (NP (NP the `` flat bandages '') (VP used (NP *) (PP-MNR for (NP support)) (PP-TMP at (NP the time))))))))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Mr. Rosenthal) (VP introduced (NP new undergarment designs)))) , (NP-SBJ (NP his wife) , (NP Ida) ,) (VP concentrated (PP-CLR on (NP (NP sales) and (NP other financial matters)))) .)) (TOP (S (NP-SBJ-1 The name Maidenform) (VP was (VP coined (NP *-1) (PP by (NP-LGS (NP a third business partner) , (NP Enid Bissett))))) .)) (TOP (S (NP-SBJ The company) (VP has (NP 14 (NX (NX plants) and (NX distribution facilities))) (PP-LOC in (NP (NP the U.S.) , (NP Puerto Rico) , (NP (NP other parts) (PP of (NP the Caribbean))) and (NP Ireland)))) .)) (TOP (S (S (NP-SBJ Maidenform products) (VP are (ADVP mainly) (VP sold (PP-LOC at (NP department stores))))) , but (S (NP-SBJ the company) (VP (VP has (ADVP-MNR quietly) (VP opened (NP (NP a retail store) (PP of (NP its own))) (PP-LOC in (NP (NP Omaha) , (NP Neb.) ,)))) and (VP has (NP 24 factory outlets) , (PP with (NP plans (S (NP-SBJ *) (VP to (VP add (NP more))))))))) .)) (TOP (S (PP-TMP Before (S-NOM (NP-SBJ *-2) (VP joining (NP Maidenform) (PP-TMP in (NP 1972))))) , (NP-SBJ-2 (NP Mr. Brawer) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP holds (NP (NP a doctoral degree) (PP in (NP English)) (PP from (NP (NP the University) (PP of (NP Chicago)))))))) ,) (VP taught (PP-LOC at (NP (NP the University) (PP of (NP Wisconsin))))) .)) (TOP (S (PP As (NP a senior vice president)) , (NP-SBJ he) (VP has (VP headed (NP (NP (NP the company 's) designer lingerie division) , (NP Oscar de la Renta) ,) (PP-TMP since (NP (NP its inception) (PP in (NP 1988)))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP maintain (NP (NP exclusivity) (PP of (NP that designer line)))))) , (NP-SBJ-1 it) (VP is n't (VP labeled (PP-CLR with (NP the Maidenform name)))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the company) (VP has (ADVP-TMP always) (VP been (ADJP-PRD family-run))))) , (NP-SBJ Mr. Brawer) (VP is n't (NP-PRD (NP the first person) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP (VP marry (PP-CLR into (NP the family))) and (VP (ADVP-TMP subsequently) head (NP Maidenform)))))))) .)) (TOP (S (NP-SBJ (NP (NP Mrs. Coleman 's) husband) , (NP Joseph) , (NP a physician) ,) (VP (VP succeeded (NP Mrs. Rosenthal) (PP-CLR as (NP president))) and (VP served (PP-LOC in (NP that post)) (PP-TMP until (NP (NP his death) (PP-TMP in (NP 1968)))))) .)) (TOP (S-2 (NP-SBJ China) (VP could (VP exhaust (NP its foreign-exchange reserves) (ADVP-TMP (ADVP as early) (PP as (NP next year))) (PRN , (S (NP-SBJ a Western government report) (VP says (SBAR 0 (S *T*-2)))) ,) (SBAR-ADV unless (S (NP-SBJ-1 imports) (VP are (VP cut (NP *-1) (ADVP-MNR drastically) (S-PRP (NP-SBJ *) (VP to (VP help (VP narrow (NP the balance-of-payments deficit))))))))))) .)) (TOP (S (PP According (PP to (NP (NP the report) , (VP completed (NP *) (NP-TMP last month)) ,))) (SBAR-ADV if (S (NP-SBJ-1 (NP China 's) trade gap) (VP continues (S (NP-SBJ *-1) (VP to (VP widen (PP-MNR at (NP (NP the pace) (VP seen (NP *) (PP-TMP in (NP (NP the first seven months) (PP of (NP this year))))))))))))) , (NP-SBJ-2 the reserves) (VP would (VP be (VP wiped (PRT out) (NP *-2) (PP-TMP either in (NP (NP 1990) or (NP 1991)))))) .)) (TOP (S (NP-SBJ-1 A country) (VP is (VP considered (S (NP-SBJ *-1) (ADJP-PRD financially healthy)) (SBAR-ADV if (S (NP-SBJ its reserves) (VP cover (NP (NP three months) (PP of (NP its imports)))))))) .)) (TOP (S (NP-SBJ (NP The (QP $ 14 billion) *U*) (PP of (NP (NP reserves) (SBAR (WHNP-1 0) (S (NP-SBJ China) (VP had (NP *T*-1) (PP-TMP in (NP June)))))))) (VP would (VP cover (NP just that much))) .)) (TOP (S (NP-SBJ (NP The report) (PP by (NP (NP the Western government) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP declines (S (NP-SBJ-1 *-2) (VP to (VP be (VP identified (NP *-1)))))))) ,))) (VP concludes (SBAR that `` (S (NP-SBJ-3 a near-term foreign-exchange payment problem) (VP can (VP be (VP avoided (NP *-3) (SBAR-ADV only if (S (NP-SBJ import growth) (VP drops (PP-DIR to (PP (NP (QP below 5) %) (PP per (NP annum)))))))))) . ''))))) (TOP (S (PP According (PP to (NP Chinese customs figures))) , (NP-SBJ-1 import growth) (VP has (VP slowed (PP-TMP in (NP recent months)) , (S-ADV (NP-SBJ *-1) (VP dropping (PP-DIR to (NP (NP (NP 16 %) (PP-TMP in (NP July))) and (NP (NP 7.1 %) (PP-TMP in (NP August))))) (PP-DIR from (NP-TMP the year-earlier periods)) , (PP compared (PP with (NP (NP an average growth rate) (PP of (NP 26 %)) (PP-TMP in (NP the first half))))))))) .)) (TOP (S But (SBAR-TMP before (S (NP-SBJ import growth) (VP slowed))) , (NP-SBJ (NP (NP China 's) buying spree) (PP-TMP in (NP the first half))) (ADVP already) (VP had (VP taken (NP (NP its toll) (PP on (NP foreign-exchange reserves))))) .)) (TOP (S (NP-SBJ (NP The (ADJP (QP $ 14 billion) *U*) level) (PP-TMP in (NP June))) (VP marked (NP (NP a drop) (PP from (NP (NP (QP $ 19 billion) *U*) (PP-TMP at (NP (NP the end) (PP of (NP April)))))))) .)) (TOP (S (NP-SBJ (NP China 's) last big import binge) (VP sent (S (NP-SBJ reserves) (VP tumbling (PP-DIR to (NP (QP $ 10.6 billion) *U*) (PP-TMP in (NP June 1985))) (PP-DIR from (NP (QP $ 16.6 billion) *U*) (NP-TMP the previous September))))) .)) (TOP (S (NP-SBJ China) (VP might (VP stave (PRT off) (NP a crisis) (SBAR-ADV if (S (NP-SBJ it) (VP acts (ADVP-MNR (ADVP as forcefully) (SBAR as (S (NP-SBJ-1 it) (VP did (S-PRP (NP-SBJ *-1) (VP to (VP arrest (NP (NP the 1985 decline) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ Beijing) (VP (VP slammed (NP-CLR the brakes) (PP-CLR on (NP foreign-exchange spending))) and (VP devalued (NP the currency)) (ADVP-TMP *T*-2))))))))))))))))) .)) (TOP (S But (NP-TMP this time) , (NP-SBJ China) (VP faces (NP a (ADJP more difficult) battle) (PP-PRP because of (NP (NP economic forces) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP come (PP-CLR into (NP play)) (PP-TMP since (NP (NP the Tiananmen Square killings) (NP-TMP June 4)))))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ-1 (NP China 's) hard-currency income) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP suffer (PP-CLR from (NP (NP the big drop) (PP-LOC in (NP tourist arrivals)) (PP-TMP since (NP June 4))))))))) .)) (TOP (S (NP-SBJ (NP Revenue) (PP from (NP tourism))) (NP-TMP-1 this year) (VP is (VP projected (S (NP-SBJ *-1) (VP to (VP total (NP (QP $ 1.3 billion) *U*) , (ADVP down (PP from (NP (QP $ 2.2 billion) *U*) (NP-TMP last year)))))))) .)) (TOP (S (PP-PRP Because of (NP (NP this) and (NP the huge trade gap))) , (NP-SBJ-2 (NP the deficit) (PP-LOC in (NP (NP (NP China 's) current account) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP measures (NP (NP (NP trade) (PP in (NP goods and services))) plus (NP (NP certain unilateral transfers) (PP of (NP funds))))))))) ,) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP widen (ADVP-MNR sharply) (PP-CLR from (NP the (ADJP (QP $ 3.8 billion) *U*) deficit) (NP-TMP last year))))))) .)) (TOP (S (NP-SBJ The Western government report) (VP suggests (NP (NP a number) (PP of (NP (NP scenarios) (PP for (NP (NP China 's) current-account balance)) , (SBAR (WHNP-2 (WHNP two) (WHPP of (WHNP which))) (S (NP-SBJ-1 *T*-2) (VP are (VP considered (S (NP-SBJ *-1) (ADJP-PRD most likely)))))))))) .)) (TOP (S (PP-LOC In (NP one)) , (S (NP-SBJ-1 imports and exports) (VP continue (S (NP-SBJ *-1) (VP to (VP grow (PP-MNR at (NP (NP the respective average rates) (PP of (NP (NP 25 %) and (NP 5 %))) (VP recorded (NP *) (PP-TMP during (NP the first seven months)))))))))) , and (S (NP-SBJ the current-account deficit) (VP widens (PP-DIR to (NP (QP $ 13.1 billion) *U*)))) .)) (TOP (S (PP-TMP In (NP 1985)) , (NP-SBJ China) (VP had (NP (NP a record deficit) (PP of (NP (QP $ 11.4 billion) *U*)))) .)) (TOP (S (NP-SBJ The other scenario) (VP assumes (SBAR that (S (NP-SBJ Beijing) (VP takes (NP effective actions (S (NP-SBJ *) (VP to (VP curb (NP imports))))) (PP-TMP in (NP the coming months)))))) .)) (TOP (S (PP-LOC In (NP this case)) , (NP-SBJ China) (VP would (ADVP still) (VP finish (NP the year) (PP-MNR with (NP (NP a current-account deficit) (PP of (NP (QP $ 8.7 billion) *U*)))) , (PP based (PP on (NP projections (SBAR that (S (S (NP-SBJ (NP-1 imports) (PP for (NP (NP all) (PP of (NP this year))))) (VP grow (NP-EXT-2 20 %))) and (S (NP=1 exports) (NP-EXT=2 10 %))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ China) (VP were (ADVP still) (PP-PRD on (NP (NP good terms) (PP with (NP foreign lenders))))))) , (NP-SBJ-1 it) (VP might (VP be (ADJP-PRD able (S (NP-SBJ-2 *-1) (VP to (VP stem (NP (NP the drain) (PP on (NP its foreign-exchange reserves))) (PP-MNR by (S-NOM (NP-SBJ-3 *-2) (VP using (NP some loan funds) (S-CLR (NP-SBJ *-3) (VP to (VP offset (NP the current-account deficit))))))))))))) .)) (TOP (S But (PP-TMP since (NP June)) , (NP-SBJ (NP foreign bankers) (VP led (NP *) (PP by (NP-LGS international financial institutions)))) (VP have (ADVP virtually) (VP suspended (NP (NP their new loans) (PP to (NP China))))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ borrowing) (VP resumes))) , (NP-SBJ-1 commercial bankers) (VP are n't (VP expected (S (NP-SBJ *-1) (VP to (VP lend (NP (NP as much) (PP as before))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ economists) (VP are (VP forecasting (NP (NP a slowdown) (PP in (NP foreign direct investments))) (SBAR-ADV as (S (NP-SBJ businessmen) (VP become (ADJP-PRD increasingly wary (PP of (NP (NP China 's) deteriorating (ADJP political and economic) environment)))))))) .)) (TOP (S (PP On (NP (NP top) (PP of (NP all this)))) , (NP-SBJ-1 foreign-debt repayments) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP peak (PP-TMP in (NP (QP 1991 to 1992)))))))) .)) (TOP (S (PP With (S-NOM (NP-SBJ less capital) (VP coming (ADVP-DIR in)))) , (NP-SBJ (NP (NP China 's) balance) (PP of (NP payments))) (VP would (VP suffer)) .)) (TOP (S (NP-SBJ (NP The Western government report 's) first scenario) (VP assumes (NP (NP (NP a (ADJP 30 %) reduction) (PP in (NP foreign borrowing))) and (NP (NP a (QP 5 %) contraction) (PP in (NP foreign direct investment))))) .)) (TOP (S (PP-LOC In (NP the second)) , (S (NP-SBJ-1 foreign borrowing) (VP is (VP projected (S-3 (NP-SBJ *-1) (VP to (VP grow (NP-EXT 10 %))))))) and (S (NP-SBJ=1-2 investment) (S=3 (NP-SBJ *-2) (VP to (VP drop (NP-EXT 10 %))))) .)) (TOP (S-2 But (PP-LOC in (NP either case)) , (PRN (S (NP-SBJ the report) (VP says (SBAR 0 (S *T*-2))))) , (NP-SBJ (NP (NP China 's) balance) (PP of (NP payments))) (VP would (ADVP-MNR rapidly) (VP dry (PRT up) (NP (NP foreign reserves) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP are (VP used (NP *-3) (S-CLR (NP-SBJ *) (VP to (VP finance (NP the imbalance))))))))))) .)) (TOP (S (S (PP-LOC In (NP the first scenario)) , (NP-SBJ-1 the reserves) (VP would (VP be (VP exhausted (NP *-1) (NP-TMP next year))))) , and (S (PP-LOC in (NP the second)) (NP-SBJ-2 they) (VP would (VP be (VP wiped (PRT out) (NP *-2) (PP-TMP in (NP 1991)))))) .)) (TOP (S (NP-SBJ (NP Roche Holding AG) , (NP (NP parent) (PP of (NP the Swiss chemical and pharmaceutical group))) ,) (VP said (SBAR 0 (S (NP-SBJ its group sales) (VP rose (NP-EXT 22 %) (PP-TMP in (NP (NP the first nine months) (PP of (NP the year)))) (PP-DIR to (NP (NP (QP 7.32 billion) francs) (PRN -LRB- (NP (QP $ 4.51 billion) *U*) -RRB-))))))) .)) (TOP (S (NP-SBJ The company) (VP reported (NP (NP good gains) (PP-LOC in (NP (NP all) (PP of (NP its divisions)))))) .)) (TOP (S (NP-SBJ Roche) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (NP (NP a `` considerable rise '') (PP-LOC in (NP 1989 group profit)) (PP from (NP (NP the (ADJP 641.5 million-franc) (PRN -LRB- (ADJP (QP $ 396 million) *U*) -RRB-) net) (PP-TMP in (NP 1988))))))))) .)) (TOP (S (NP-SBJ New Canaan Investments Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP closed (NP (NP the acquisition) (PP of (NP Carr-Lowrey Glass Co.)) (PP from (NP (NP Newell Co.) , (NP (NP a (NAC-LOC Freeport , Ill. ,) maker) (PP of (NP do-it-yourself home products)))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ (NP Carr-Lowrey) , (NP (NP a maker) (PP of (NP (NP glass bottles) (PP for (NP the cosmetics and toiletries industries))))) ,) (VP had (NP (NP sales) (PP *ICH*-1)) (NP-TMP last year) (PP-1 of (NP (QP about $ 40 million) *U*))) .)) (TOP (S (NP-SBJ New Canaan Investments) (VP is (NP-PRD (NP a (ADJP closely held) investment partnership) (PP with (NP (NP interests) (PP-LOC (ADVP primarily) in (NP the packaging industry)))))) .)) (TOP (S (NP-SBJ Ralph Brown) (VP was (PP-LOC-PRD (NP 31,000 feet) over (NP Minnesota)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP both jets) (PP on (NP his Falcon 20))) (VP flamed (PRT out) (ADVP-TMP *T*-1))))) .)) (TOP (S-1 (PP-LOC At (NP 18,000 feet)) , (PRN (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))))) , (NP-SBJ-2 (NP he) and (NP his co-pilot)) `` (VP were (VP looking (PP-CLR for (NP (NP an interstate) or (NP a cornfield))) '' (S-PRP (NP-SBJ *-2) (VP to (VP land))))) .)) (TOP (S (PP-LOC At (NP 13,000 feet)) , (NP-SBJ the engines) (VP restarted) .)) (TOP (S But (S-ADV (NP-SBJ *-1) (VP knowing (SBAR that (S (NP-SBJ mechanics) (VP would (ADVP probably) (VP ground (NP him) (PP-PRP for (NP repairs)))))))) , (NP-SBJ-1 Mr. Brown) (VP (VP skipped (NP (NP his stop) (PP-LOC in (NP nearby Chicago)))) and (VP set (NP course) (S-CLR (NP-SBJ *-1) (VP to (VP get (NP (NP his load) -- (NP a few hundred parcels) --) (PP-DIR to (NP the Memphis package-sorting hub)) (PP-TMP on (NP time))))))) .)) (TOP (S (S-TPC-1 (SBAR-ADV (SINV Had (NP-SBJ he) (VP been (ADJP-PRD (ADVP (NP-ADV a little) less) gung-ho)))) , `` (NP-SBJ I) (VP 'd (VP have (VP (VP gotten (NP the thing) (PP-LOC-CLR on (NP the ground))) and (VP headed (PP-DIR for (NP the nearest bar))))))) , '' (NP-SBJ Mr. Brown) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ he) (VP flies (PP for (NP (NP Federal Express Corp.) , (ADVP perhaps) (NP (NP the closest thing) (PP-LOC in (NP corporate America)) (PP to (NP the Green Berets)))))) .)) (TOP (S (NP-SBJ-1 (NP Federal 's) employees) (VP (VP work (NP long hours)) and (VP seem (S (NP-SBJ *-1) (VP to (VP thrive (PP-CLR on (NP (NP the stress) (PP of (S-NOM (NP-SBJ *) (VP racing (NP the clock))))))))))) .)) (TOP (S (PP Like (NP Mr. Brown)) , (NP-SBJ-1 they) (ADVP-TMP sometimes) (VP go (PP-DIR to (NP surprising lengths)) (S-PRP (NP-SBJ *-1) (VP to (VP meet (NP (NP that overarching corporate goal) : (S-NOM (NP-SBJ *) (VP delivering (NP the goods) (PP-TMP on (NP time))))))))) .)) (TOP (S (NP-SBJ They) (VP are (NP-PRD (NP a tribute) (PP to (NP (NP (NP Federal 's) management) (SBAR (WHNP-1 which) , (S (PP-TMP since (NP (NP (NP the company 's) founding) (ADVP-TMP (NP 16 years) ago))) , (NP-SBJ *T*-1) (VP has (VP (VP had (NP its way) (PP-CLR with (NP its work force))) -- (NP (NP an unusual feat) (PP-LOC in (NP the contentious transportation industry))))))))))) .)) (TOP (S (NP-SBJ That) (VP may (ADVP-TMP soon) (VP change)) .)) (TOP (S (NP-TMP This month) , (NP-SBJ-1 (NP (NP Federal 's) 2,048 pilots) , (PP including (NP (NP some 961) (VP acquired (NP *) (ADVP along (PP with (NP Tiger International Inc.))) (PP-TMP in (NP February))))) ,) (VP will (VP decide (SBAR whether (S (NP-SBJ *-1) (VP to (VP elect (NP the powerful Air Line Pilots Association) (PP-CLR as (NP their bargaining agent)))))))) .)) (TOP (S (NP-SBJ (NP The election) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP bring (NP the first major union) (PP-DIR to (NP (NP Federal 's) U.S. operations)))))) ,) (VP has (VP pitted (NP new hires) (PP-CLR against (NP (NP devoted veterans) (PP such as (NP Mr. Brown)))))) .)) (TOP (S (NP-SBJ It) (VP has (ADVP also) (VP rattled (NP (NP (NP Federal 's) (ADJP strongly anti-union) management) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (ADVP already) (VP contending (PP-CLR (PP with (S-NOM (NP-SBJ *-2) (VP melding (NP far-flung operations)))) and (PP with (NP falling profits)))))))))) .)) (TOP (S `` (S-TPC-3 (S (NP-SBJ-1 A union) , (ADVP-TMP sooner or later) , (VP has (S (NP-SBJ *-1) (VP to (VP have (NP an adversary)))))) , and (S (NP-SBJ-2 it) (VP has (S (NP-SBJ *-2) (VP to (VP have (NP a victory))))))) , '' (NP-SBJ (NP Frederick W. Smith) , (NP (NP Federal 's) chairman and chief executive) ,) (VP says (S *T*-3) (PP-MNR with (NP disdain))) .)) (TOP (S `` (PP-LOC In (NP our formula)) , (NP-SBJ we) (VP do n't (VP have (NP any losers) (PP except (NP the competition)))) . '')) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ managers) (ADVP really) (VP fear (NP *T*-1)))) (VP is (SBAR-PRD that (S (NP-SBJ the pro-union movement) (VP could (VP spread (PP-DIR beyond (NP the pilots))))))) .)) (TOP (S (PP-LOC Under (NP federal transportation law)) , (NP-SBJ-1 a government mediator) (VP is (VP attempting (S (NP-SBJ *-1) (VP to (VP reconcile (NP (NP the melding) (PP of (NP (NP Tiger 's) job classifications)) (PP into (NP Federal 's)))))))) .)) (TOP (S (PP Depending (PP on (NP the outcome))) , (NP-SBJ the merged company) (VP may (VP face (NP (NP union elections) (PP *ICH*-1)) (NP-TMP this fall) (PP-1 among (NP (NP airplane mechanics) , (NP ramp workers) , (NP stock clerks) and (NP flight dispatchers))))) .)) (TOP (S (NP-SBJ These groups) (VP constitute (NP (NP (QP up to 10) %) (PP of (NP its work force)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Unions) (VP would (VP have (NP (NP a profound effect) (PP on (NP (NP the whole culture) (PP of (NP the company)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Bernard La Londe) , (NP (NP (NP a professor) (PP-LOC at (NP (NP Ohio State University) (PP-LOC at (NP Columbus))))) and (NP a Federal consultant))) .)) (TOP (S (NP-SBJ (NP That culture) , (VP (ADVP-MNR carefully) crafted (NP *) (PP by (NP-LGS Mr. Smith))) ,) (VP leaves (NP (NP little (PRN , (PP if (NP any)) ,) room) (PP for (NP unions)))) .)) (TOP (S (PP-TMP Since (S-NOM (NP-SBJ *-2) (VP founding (NP the company)))) , (NP-SBJ-2 (NP the charismatic Vietnam vet) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADVP still) (ADJP-PRD (NP only 46 years) old)))) ,) (VP has (VP fostered (NP (NP an ethos) (PP of (NP combat))))) .)) (TOP (S (NP-SBJ Flights) (VP are `` (NP-PRD missions)) . '')) (TOP (S (NP-SBJ-1 (NP Mr. Smith 's) managers) (VP have , (PP-TMP at (NP times)) , (VP been (VP called (S (NP-SBJ *-1) `` (NP-PRD (NP Ho Chi Minh 's) Guerrillas))))) . '')) (TOP (S (NP-SBJ-1 (NP The Bravo Zulu award) , (NP (NP the Navy accolade) (PP for (NP (NP a `` job) (VP (ADVP well) done (NP *))))) , '') (VP is (VP bestowed (NP *-1) (PP-CLR on (NP (NP (NP Federal 's) workers) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP surpass (NP (NP the call) (PP of (NP duty)))))))))) .)) (TOP (S (NP-SBJ-1 Competitors) (VP are (VP known (NP *-1) (PP-CLR as (NP the `` enemy)))) . '')) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP reinforce (NP (NP employees ') dedication)))) , (NP-SBJ-1 Mr. Smith) (VP pays (ADVP-MNR well)) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP lets (S (NP-SBJ workers) (VP (VP vent (NP steam) (PP-MNR through (NP an elaborate grievance procedure))) and (PRN , (PP as (NP a perk)) ,) (VP fly (ADVP free) (PP-LOC in (NP empty cockpit seats)))))) .)) (TOP (S (NP-SBJ He) (VP gives (NP pep talks) (PP-LOC in (NP (NP periodic `` family briefings '') (VP beamed (NP *) (ADVP-MNR internationally) (PP-LOC on (NP `` (NP FXTV) , '' (NP (NP the company 's) own television network))))))) .)) (TOP (S And , (PP with (NP (NP many) (PP of (NP his 70,000 workers)))) , (NP-SBJ (NP Mr. Smith 's) damn-the-torpedoes attitude) (VP has (VP caught (PRT on))) .)) (TOP (S (NP-SBJ (NP James Cleveland) , (NP (NP a courier) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP earned (NP a Bravo Zulu) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP figuring (PRT out) (SBAR (WHADVP how) (S (NP-SBJ *) (VP to (VP get (NP (NP a major customer 's) 1,100-parcel-a-week load) (PP-DIR to (NP its doorstep)) (PP-TMP by (NP 8 a.m.))))))))))))) ,) (VP considers (S (NP-SBJ himself) (ADJP-PRD (ADJP far more) (PP than (NP a courier))))) .)) (TOP (S `` (NP-SBJ We) (VP do n't (ADVP just) (VP hand (NP the customer) (NP the package))) .)) (TOP (S (S-TPC-1 (NP-SBJ That) (VP 's (ADVP just) (NP-PRD the beginning))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (PP In (NP essence)) , (NP-SBJ we) (VP run (NP the show)) . '')) (TOP (S (NP-SBJ (NP David Sanders) , (NP a longtime pilot) ,) (VP bristles (PP-CLR at (NP the mere suggestion (SBAR that (S (NP-SBJ a union) (VP might (VP tamper (PP-CLR with (NP his flight schedule))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD America))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ Nobody) (VP has (NP the right (S (NP-SBJ *) (VP to (VP tell (NP me) (SBAR (WHADVP-1 how much) (S (NP-SBJ I) (VP can (VP work (ADVP *T*-1)))))))))) . '')) (TOP (S (NP-SBJ Such attitudes) (VP have (VP given (NP Federal) (NP (NP flexibility) , (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP (CONJP not only) (VP to (ADVP-MNR rapidly) (VP implement (NP new technology))) but (VP to (VP keep (S (NP-SBJ its work force) (ADJP-PRD extraordinarily lean)))) (ADVP-MNR *T*-1))))))) .)) (TOP (S (NP-SBJ-1 The company) (ADVP-MNR deliberately) (VP understaffs , (S-ADV (NP-SBJ *-1) (VP stretching (NP (NP employees ') schedules) (PP-DIR to (NP the limit))))) .)) (TOP (S But (SBAR-ADV though (S (NP-SBJ couriers) (VP work (NP (NP (QP as many as 60) hours) (NP-ADV a week)) (PP-TMP during (NP the autumn rush))))) , (NP-SBJ-2 they) (VP leave (ADVP-MNR early) (PP-TMP during (NP slack times)) (SBAR-ADV while (S (NP-SBJ-1 *-2) (ADVP still) (VP being (VP assured (NP *-1) (PP-CLR of (NP a minimum paycheck))))))) .)) (TOP (S (NP-SBJ-2 Pilots) , (ADVP as well) , (ADVP routinely) (VP fly (ADVP overtime) (S-PRP (NP-SBJ *-2) (VP to (VP ensure (SBAR that (S (NP-SBJ-1 none) (VP are (VP furloughed (NP *-1) (PP-TMP during (NP seasonal lows)))))))))) .)) (TOP (S (NP-SBJ The operational freedom) (VP has (ADVP also) (VP given (NP Federal) (NP (NP a leg up) (PP on (NP (NP archrival United Parcel Service Inc.) , (NP (NP (NP the nation 's) largest employer) (PP of (NP (NP United Brotherhood) (PP of (NP Teamsters members)))))))))) .)) (TOP (S (S (NP-SBJ UPS) (VP wo n't (VP discuss (NP its labor practices)))) , but , (S (PP according (PP to (NP (NP (NP Mr. Cleveland) , (NP a former UPS employee) ,) and (NP others)))) , (NP-SBJ union work rules) (VP prohibit (NP-1 UPS drivers) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP doing (NP (NP more) (PP than (S-NOM (NP-SBJ *) (VP carrying (NP packages) (PP-DIR between (NP (NP customers) and (NP their vans)))))))))))) .)) (TOP (S-2 (SBAR-PRP Because (S (NP-SBJ-1 UPS drivers) (VP are n't (VP permitted (S (NP-SBJ *-1) (VP to (VP load (NP their own vehicles) (PP-LOC at (NP the depot))))))))) , (PRN (SINV (VP say (SBAR 0 (S *T*-2))) (NP-SBJ these couriers)) ,) (NP-SBJ-3 packages) (ADVP-TMP often) (VP (VP get (VP buried (NP *-3) (PP-LOC in (NP the load)))) and (VP are (VP delivered (NP *-3) (ADVP-MNR late)))) .)) (TOP (S (NP-SBJ Labor problems) (VP are (NP-PRD (NP the last thing) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Smith) (VP needs (NP *T*-1) (ADVP-TMP right now)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the Tiger acquisition) (VP has (VP brought (NP Federal) (NP (NP a long way) (PP toward (S-NOM (NP-SBJ *) (VP becoming (NP (NP the global player) (SBAR (WHNP-1 0) (S (NP-SBJ-2 it) (VP wants (S (NP-SBJ *-2) (VP to (VP be (NP-PRD *T*-1)))))))))))))))) , (NP-SBJ it) (ADVP also) (VP has (VP brought (NP problems))) .)) (TOP (S (NP-SBJ It) (VP (VP (ADVP more than) doubled (NP (NP Federal 's) long-term debt) (PP-DIR to (NP (QP $ 1.9 billion) *U*))) , (VP thrust (NP the company) (PP-DIR into (NP (NP unknown territory) -- (NP heavy cargo) --))) and (VP (ADVP-MNR suddenly) expanded (NP its landing rights) (PP-DIR to (NP 21 countries)) (PP-DIR from (NP four)))) .)) (TOP (S (NP-SBJ Federal) , (PP on (NP its own)) , (VP had n't (VP been (VP doing (ADVP-MNR-CLR very well) (ADVP-LOC overseas)))) .)) (TOP (S (NP-SBJ It) (VP had (VP hemorrhaged (PP-LOC in (NP its attempt (S (NP-SBJ *) (VP to (VP get (PP-DIR into (NP (NP Asia) , (SBAR (WHADVP-1 where) (S (NP-SBJ treaty restrictions) (VP forced (S (NP-SBJ it) (VP to (VP fly (NP-2 some planes) (S-ADV (NP-SBJ *-2) (ADJP-PRD half-empty)) (PP-LOC on (NP certain routes))))) (ADVP-LOC *T*-1))))))))))))) .)) (TOP (S (PP-LOC On (NP (NP routes) (PP to (NP South America)))) , (NP-SBJ the company) (VP had (NP (NP no backup jets) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP ensure (NP delivery) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 planes) (VP were (VP grounded (NP *-1) (ADVP-TMP *T*-3))))))))))) .)) (TOP (S (PP-LOC In (NP Europe)) , (NP-SBJ business) (VP suffered (SBAR-TMP as (S (NP-SBJ-1 Federal) (VP bought (NP several local companies) , (S-ADV (ADVP only) (NP-SBJ *-1) (VP to (VP have (S (NP-SBJ the managers) (VP quit))))))))) .)) (TOP (S (NP-SBJ These and other problems) (VP squeezed (NP (NP (NP Federal 's) profit margins) (NP-TMP last year)) (PP-DIR to (NP 8 %)) , (ADVP down (PP from (NP (NP (QP more than 13) %) (ADVP annually) (PP-TMP in (NP (NP the first half) (PP of (NP the decade)))))))) .)) (TOP (S (NP-SBJ Earnings) (VP have (VP plummeted , (ADVP too) , (PP-TMP in (NP (NP each) (PP of (NP the past three quarters)))))) .)) (TOP (S (S-TPC-1 (PP-TMP In (NP (NP the fiscal first period) (VP ended (NP-TMP-CLR Aug. 31)))) , (NP-SBJ profit) (VP fell (NP-EXT 54 %) (PP-DIR to (NP (NP (QP $ 30.4 million) *U*) , or (NP (NP 58 cents) (NP-ADV a share)) ,)) (PP-PRP mostly because of (NP the Tiger merger)))) , (NP-SBJ Federal) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (S-3 (NP-SBJ-1 (NP Federal 's) stock price) , (ADVP however) , (VP has (VP held (PRT up) (ADVP-MNR well) , (S-ADV (NP-SBJ-2 *-1) (VP driven (NP *-2) (PP in (NP part)) (PP by (NP-LGS (NP the general run-up) (PP of (NP airline stocks))))))))) , (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (S (PP-TMP Since (S-NOM (NP-SBJ *-1) (VP trading (ADVP (ADVP as low) (PP as (NP (NP $ 42.25 *U*) (NP-ADV a share)))) (PP-TMP in (NP May))))) , (NP-SBJ-1 (NP Federal 's) shares) (VP have (VP rallied (ADVP (ADVP as high) (PP as (NP $ 57.87 *U*))) (PP-LOC in (NP New York Stock Exchange composite trading)))) .)) (TOP (S (NP-SBJ They) (VP closed (NP-TMP Friday) (PP-CLR at (NP $ 53.25 *U*)) , (ADVP down (NP 50 cents) (PP-TMP on (NP the day)))) .)) (TOP (S (NP-SBJ There) (VP 's (NP-PRD a certain irony) (PP-LOC in (NP the fact (SBAR that (S (NP-SBJ Federal Express) (VP faces (NP its first union problems) (PP-PRP as (NP (NP a result) (PP of (NP its Tiger purchase)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Tiger) (NP itself)) (VP was (VP founded (NP *-1) (PP by (NP-LGS (NP a band) (PP of (NP (NP gungho airmen) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP had (VP airlifted (NP supplies) `` (PP-DIR over (NP the Hump)) '' (PP-DIR from (NP India)) (PP-DIR to (NP China)) (PP-TMP during (NP World War II)))))))))))) .)) (TOP (S (PP-TMP In (NP the early 1970s)) , (NP-SBJ Mr. Smith) (VP modeled (NP his fledgling company) (PP-CLR on (NP (NP (NP Tiger 's) innovation) (PP of (NP (ADJP hub-and-spoke and containerized-cargo) operations))))) .)) (TOP (S But (PP-TMP from (NP early on)) , (NP-SBJ (NP Tiger 's) workers) (VP unionized , (SBAR-ADV while (S (NP-SBJ Federal 's) (ADVP-TMP never) (VP have (VP *?*))))) .)) (TOP (S (NP-SBJ Federal Express officials) (VP (VP acknowledge (NP (NP mistakes) (PP-LOC in (NP their drive overseas)))) but (VP say (SBAR 0 (S (NP-SBJ it) (VP will (VP pay (PRT off) (ADVP-TMP eventually))))))) .)) (TOP (S (NP-SBJ Analysts) (VP expect (S (NP-SBJ (NP Federal 's) earnings) (VP to (VP improve (ADVP again) (PP-TMP in (NP (NP its fiscal third quarter) (VP ending (NP-TMP-CLR Feb. 28)) , (SBAR (WHADVP-1 when) (S (NP-SBJ-2 the company) (VP should (VP begin (S (NP-SBJ *-2) (VP benefiting (PP-CLR from (NP (NP Tiger 's) (NX (NX extra flights) , (NX back-up planes) and (NX landing rights)))))) (ADVP-TMP *T*-1))))))))))) .)) (TOP (S (PP-TMP Until (NP then)) , (NP-SBJ they) (VP expect (S (NP-SBJ-1 (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP integrating (NP the two carriers))))) (VP to (VP continue (S (NP-SBJ *-1) (VP crimping (NP profits))))))) .)) (TOP (S (S-1 (PP-TMP For (NP now)) , (NP-SBJ the union issue) (VP is (NP-PRD (NP the (ADJP most nettlesome)) (PP of (NP (NP Federal 's) Tiger problems))))) , (NP-SBJ management) (VP believes (SBAR 0 (S *T*-1))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ *-2) (VP encouraging (NP (NP dialogue) (PP between (NP managers and workers)))))) , (NP-SBJ-2 Mr. Smith) (VP does n't (VP countenance (SBAR-NOM (WHNP-1 what) (S (NP-SBJ he) (VP considers (S (NP-SBJ *T*-1) (NP-PRD insubordination))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ (NP a large group) (PP of (NP pilots))) (ADVP-TMP once) (VP signed (NP (NP petitions) (VP opposing (NP (UCP work-rule and compensation) changes))) (ADVP-TMP *T*-1)))) , (NP-SBJ he) (VP (VP called (NP (NP a meeting) (PP-LOC in (NP a company hangar)))) and (VP dressed (NP-2 them) (PRT down) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP challenging (NP his authority)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ He) (ADVP-TMP then) (VP made (NP (NP most) (PP of (NP the changes))))) , (NP-SBJ pilots) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP That sort) (PP of (NP approach))) , (ADVP however) , (VP has n't (VP worked (PP-TMP since (NP (NP the addition) (PP of (NP Tiger)))))) .)) (TOP (S (NP-SBJ (NP Its 6,500 workers) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP had (VP battled (NP (NP Tiger 's) management) (PP-TMP for (NP years)) (PP-CLR over (NP givebacks)))))) ,) (VP were (NP-PRD union members) (PP-TMP until (NP (NP the day) (PP of (NP the merger)) , (SBAR (WHADVP-3 when) (S (NP-SBJ-1 (NP most) (PP of (NP their unions))) (VP were (ADVP-MNR automatically) (VP decertified (NP *-1) (ADVP-TMP *T*-3)))))))) .)) (TOP (S (PP-TMP Soon after (NP the merger)) , (ADVP moreover) , (NP-SBJ (NP Federal 's) management) (VP asked (NP-2 (NP Tiger 's) pilots) (S (NP-SBJ *-2) (VP to (VP sign (NP (NP an agreement) (VP stating (SBAR that (S (NP-SBJ-1 they) (VP could (VP be (VP fired (NP *-1) (NP-TMP any time) , (PP-MNR without (NP cause or notice))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the pilots) (VP refused (ADVP-TMP *T*-1)))) , (NP-SBJ the company) (VP retracted (NP it)) .)) (TOP (S (NP-SBJ Mr. Smith) (VP angered (NP (NP Federal 's) pilots) , (ADVP too)) .)) (TOP (S (PP-LOC In (NP his haste (S (NP-SBJ *) (VP to (VP seal (NP the deal) (PP-CLR with (NP Tiger Chairman Saul Steinberg)) (NP-TMP last August)))))) , (NP-SBJ Mr. Smith) (VP ignored (NP (NP a promise (SBAR *ICH*-4)) (SBAR (WHNP-2 that) (S (NP-SBJ he) (VP had (VP made (NP *T*-2) (PP-DTV to (NP his own pilots)) (ADVP-TMP (NP three years) ago))))) : (SBAR-4 that (S (NP-SBJ-3 (NP any fliers) (VP acquired (NP *) (PP-LOC in (NP future mergers)))) (VP would (VP be (VP `` (VP end-tailed (NP *-3)) '' -- (VP put (NP *-3) (PP-PUT at (NP (NP the bottom) (PP of (NP (NP the pilot seniority list) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP determines (NP (NP work schedules) , (NP pay) and (NP career options))))))))))))))))) .)) (TOP (S (NP-SBJ The Tiger merger agreement) (VP stipulated (SBAR that (S (NP-SBJ-1 the lists) (VP be (VP combined (NP *-1) (PP-MNR on (NP (NP the basis) (PP of (NP tenure))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Smith) (VP is (VP trying (ADVP-MNR hard) (S (NP-SBJ *-1) (VP to (VP allay (NP the anger)))))) .)) (TOP (S And (NP-SBJ even some pro-union pilots) (VP say (SBAR 0 (S (NP-SBJ (NP his charisma and popularity) (PP among (NP the many former military fliers))) (VP could (VP be (ADJP-PRD tough (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP beat (NP *T*-1))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP A lot) (PP of (NP people))) (VP are (VP identifying (NP (NP a vote) (PP for (NP representation))) (PP as (NP (NP a vote) (PP against (NP Fred Smith))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP J.X. Gollich) , (NP a (NX (NX Tiger-turned-Federal pilot) and (NX union activist)))) .)) (TOP (S (NP-SBJ (NP Mr. Smith) and (NP other top Federal executives)) (VP have (VP met (PP-CLR with (NP Tiger workers)) (PP-LOC in (NP (NP Los Angeles) , (NP Ohio) , (NP New York) , (NP Alaska) , (NP Asia) and (NP Europe))))) .)) (TOP (S (ADVP-TMP Recently) , (NP-SBJ-1 they) (VP have (VP appeared (NP-TMP every few weeks) (PP-LOC in (NP (ADJP talk-show type) videos)) , (S-ADV (NP-SBJ *-1) (VP countering (NP pro-union arguments))))) .)) (TOP (S (PP-LOC In (NP one video)) , (NP-SBJ Mr. Smith) (VP defended (NP his agreement (S (NP-SBJ *) (VP to (VP merge (NP the pilot-seniority lists)))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ Mr. Steinberg) (VP had (VP insisted (SBAR that (S (NP-SBJ the merger talks) (VP move (ADVP-MNR quickly))))))))) .)) (TOP (S (S-2 (NP-SBJ Regulators) , (ADVP as well) , (VP might (VP have (VP quashed (NP the deal) (SBAR-ADV if (S (NP-SBJ-1 (NP Tiger 's) pilots) (VP had n't (VP been (VP protected (NP *-1)))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S-1 (ADVP Furthermore) , (PRN (S (NP-SBJ Mr. Smith) (VP added (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ (NP our contract) (PP with (NP our pilots))) (VP says (SBAR that (S (NP-SBJ we) (VP will (VP manage (NP our fleet operations) (PP-MNR with (NP their advice))))))) .)) (TOP (S (NP-SBJ It) (VP does n't (VP give (NP any particular group) (NP the ability (S (NP-SBJ *) (VP to (VP veto (NP change))))))) . '')) (TOP (S (ADVP Already) , (NP-SBJ the fight) (VP has (VP been (ADJP-PRD costly))) .)) (TOP (S (NP-SBJ The seniority-list controversy) , (ADVP along (PP with (NP the job-classification dispute))) , (VP has (VP been (VP turned (PRT over) (PP-DIR to (NP the mediator))))) .)) (TOP (SINV (S-TPC-1 (ADVP-TMP Meanwhile) , (S (NP-SBJ the company) (VP is (VP operating (PP-MNR with (NP two separate pilot groups and seniority lists))))) , and (S (NP-SBJ that) (VP is (VP costing (NP Federal) `` (NP a big number))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP James Barksdale) , (NP (NP executive vice president) and (NP chief operating officer))) .)) (TOP (S (NP-SBJ The issue) (VP has (ADVP also) (VP cost (NP Federal management) (NP (NP a lot) (PP of (NP good will)) (PP-LOC among (NP its old pilots))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 They) (VP were (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP mistreat (NP us))))) (SBAR-PRP because (S (NP-SBJ we) (VP had n't (VP shown (NP (NP any moxie) , (NP any resistance)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP William Queenan) , (NP a (NX (NX DC-10 pilot) and (NX 14-year Federal veteran)))) .)) (TOP (SINV (VP Adds (S *ICH*-3)) (NP-SBJ (NP John Poag) , (NP (NP a 727 captain) and (NP (NP past chairman) (PP of (NP the company-sponsored Flight Advisory Board))))) : `` (S-3 (NP-SBJ They) (VP 've (VP (VP made (NP-1 all these magnanimous gestures) (PP-CLR-2 to (NP the Flying Tiger pilots))) , and (VP (PP-CLR=2 for (NP us)) , (NP=1 nothing))))) . '')) (TOP (S (NP-SBJ Such animosity) (VP could (VP prove (ADJP-PRD pivotal) (PP-LOC in (NP the union vote)))) .)) (TOP (S (NP-SBJ (NP A large majority) (PP of (NP the 961 former Tiger fliers))) (VP support (NP the union) , (PP according (PP to (NP a union study)))) .)) (TOP (S But (SBAR-ADV though (S (NP-SBJ-1 (NP most) (PP of (NP the 1,087 Federal pilots))) (VP are (VP believed (S (NP-SBJ *-1) (ADJP-PRD opposed)))))) , (NP-SBJ (NP it) (SBAR *EXP*-3)) (VP is (ADJP-PRD unclear) (SBAR-3 (WHADVP-4 just how much) (S (NP-SBJ-2 (NP their loyalty) (PP to (NP Mr. Smith))) (VP has (VP been (VP eroded (NP *-2) (ADVP-EXT *T*-4))))))) .)) (TOP (S (NP-SBJ The fight) (VP (VP has (VP turned (ADJP-PRD ugly))) and (PRN , (PP-LOC among (NP pilots)) (ADVP at least) ,) (VP has (VP shattered (NP (NP the esprit de corps) (SBAR (WHNP-1 that) (S (NP-SBJ-2 Mr. Smith) (VP worked (ADVP-MNR so hard) (S (NP-SBJ *-2) (VP to (VP build (NP *T*-1))))))))))) .)) (TOP (S (NP-SBJ Anti-union pilots) (VP have (VP held (NP ballot-burning parties))) .)) (TOP (S (NP-SBJ Some younger pilots) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP have (VP had (S (NP-SBJ-2 *-1) (VP to (VP endure (NP (NP anti-union harangues) (PP by (NP senior pilots))) (PP-TMP while (S-NOM (NP-SBJ *-2) (VP flying (PP across (NP the country))))))))))))) .)) (TOP (S And (PP-TMP for (NP now)) , (ADVP at least) , (NP-SBJ the competition) (VP is n't (NP-PRD the only enemy)) .)) (TOP (S (NP-SBJ (NP Barney Barnhardt) , (NP (NP a 727 captain) and (NP (NP leader) (PP of (NP the pro-union forces)))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP (VP has (VP received (NP two anonymous death threats))) and (VP been (VP challenged (NP *-1) (PP-CLR to (NP (NP a fight) (PP with (NP tire irons)))) (PP by (NP-LGS a colleague)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The pilots) (VP are (PP-PRD either (PP for (NP us)) or (PP (ADVP extremely) against (NP us))))) , '' (NP-SBJ he) (VP says (S *T*-1) (PP-MNR with (NP a sigh))) .)) (TOP (S (NP-SBJ Harsco Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP obtained (NP (NP a (ADJP (QP $ 33.1 million) *U*) export order) (PP for (NP (NP armored recovery vehicles) and (NP related support equipment)))))))) .)) (TOP (S (NP-SBJ-2 Harsco) (VP declined (S (NP-SBJ *-2) (VP to (VP say (SBAR (WHNP-1 what country) (S (NP-SBJ *T*-1) (VP placed (NP the order)))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP (NP (NP an order) (PP for (NP (NP 23) (PP of (NP (NP the vehicles) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP retrieve (NP (NP tanks) and (NP other heavy-tracked vehicles)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-2 they) (VP (VP break (PRT down)) or (VP are (VP damaged (NP *-2) (ADVP-TMP *T*-3))))))))) ,))))) and (NP (NP an option) (PP for (NP (NP 16) (ADJP more))))))))) .)) (TOP (S (NP-SBJ-1 Delivery) (VP is (S (NP-SBJ *-1) (VP to (VP begin (PP-TMP in (NP early 1991)))))) .)) (TOP (S (NP-SBJ Harsco) (VP produces (NP (NP products) (PP for (NP (UCP defense , industrial , commercial and construction) markets)))) .)) (TOP (S (NP-SBJ-1 The Senate) (VP convicted (NP (NP U.S. District Judge Alcee Hastings) (PP of (NP Florida))) (PP-CLR of (NP eight impeachment articles)) , (S-ADV (NP-SBJ *-1) (VP removing (NP the 53-year-old judge) (PP-CLR from (NP his (ADJP $ 89,500-a-year) , lifetime job))))) .)) (TOP (S (NP-SBJ (NP Mr. Hastings 's) case) (VP was (ADJP-PRD particularly nettlesome) (SBAR-PRP because (S (NP-SBJ it) (VP marked (NP (NP the first time) (SBAR (WHADVP-1 0) (S (NP-SBJ-2 a federal official) (VP was (VP (VP impeached (NP *-2)) and (VP removed (NP *-2) (PP-CLR from (NP office))) (PP on (NP (NP charges) (SBAR (WHPP-3 of (WHNP which)) (S (NP-SBJ a jury) (VP had (VP acquitted (NP him) (PP-CLR *T*-3))))))) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (PP-TMP In (NP 1983)) , (NP-SBJ-1 Mr. Hastings) (VP was (VP found (S (NP-SBJ *-1) (ADJP-PRD not guilty (PP of (NP (S-NOM (NP-SBJ *) (VP accepting (NP a (ADJP $ 150,000 *U*) bribe) (PP-LOC in (NP (NP a case) (PP before (NP him)))))) , (NP (NP the central charge) (SBAR (WHPP-2 on (WHNP which)) (S (NP-SBJ the Senate) (VP convicted (NP him) (PP-CLR *T*-2))))))))))) .)) (TOP (S (NP-SBJ He) (VP was (NP-PRD only the sixth federal judge) (ADVP-TMP ever) (VP ousted (PP-CLR from (NP office)) (PP-TMP after (NP an impeachment trial)))) .)) (TOP (S (PP-MNR With (NP no floor debate)) , (NP-SBJ-1 the Senate) (PP-TMP on (NP Friday)) (VP voted (ADVP 69-26) (S (NP-SBJ *-1) (VP to (VP convict (NP Mr. Hastings) (PP-CLR of (NP (NP perjury) and (S-NOM (NP-SBJ-2 *) (VP conspiring (S (NP-SBJ *-2) (VP to (VP accept (NP a bribe))))))))))) , (ADVP (ADVP (NP five votes) more) (PP than (FRAG (VP needed))))) .)) (TOP (S (NP-SBJ-1 (NP Conviction) (PP on (NP any single impeachment article))) (VP was (ADJP-PRD enough (S (NP-SBJ *-1) (VP to (VP remove (NP Judge Hastings) (PP-CLR from (NP office))))))) .)) (TOP (S (NP-SBJ-1 He) (VP was (VP found (S (NP-SBJ *-1) (ADJP-PRD not guilty (PP of (NP (NP three charges) , (VP involving (NP accusations (SBAR that (S (NP-SBJ he) (VP had (ADVP-MNR improperly) (VP disclosed (NP (NP information) (PP about (NP a sensitive , government investigation))))))))))))))) .)) (TOP (S (NP-SBJ The Senate) (VP did n't (VP vote (PP-CLR on (NP six lesser charges)))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 Mr. Hastings) (VP had (VP been (VP acquitted (NP *-1) (PP by (NP-LGS a jury))))))) , (NP-SBJ (NP lawmakers) (VP handling (NP the prosecution) (PP-LOC in (NP Congress)))) (VP had (VP argued (SBAR that (S (NP-SBJ (NP the purpose) (PP of (NP impeachment))) (VP is n't (S-PRD (NP-SBJ *) (VP to (VP punish (NP an individual))))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ they) (VP argued (SBAR that (S (NP-SBJ-2 impeachment) (VP aims (S (NP-SBJ *-2) (VP to (VP protect (NP public institutions) (PP-CLR from (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP abused (NP (NP their positions) (PP of (NP trust))))))))) , (ADVP irrespective (PP of (NP (NP the outcome) (PP of (NP prior (ADJP criminal or civil) cases)))))))))))) .)) (TOP (S (NP-SBJ Mr. Hastings) (VP (VP faced (NP the senators)) and (VP sat (ADVP-MNR impassively) (PP-TMP during (NP the first two roll-call votes))) , then (VP (ADVP-MNR quickly) left (NP the chamber))) .)) (TOP (S (PP-LOC In (NP (NP an impromptu news conference) (PP-LOC on (NP the Capitol steps)))) , (NP-SBJ he) (VP denounced (NP (NP the senators ') action)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Their opinion) (VP is (ADJP-PRD devoid (PP of (NP (NP the wisdom) (PP of (NP (NP (NP the forefathers ') teaching) (VP regarding (NP impeachment))))))))) , '' (NP-SBJ Mr. Hastings) (VP said (S *T*-1)) .)) (TOP (S (PP For (NP the future)) , (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP run (PP-CLR for (NP (NP governor) (PP of (NP Florida))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Hastings) (VP (VP was (VP appointed (NP *-1) (PP-CLR to (NP the federal bench)) (PP by (NP-LGS President Carter)) (PP-TMP in (NP 1979)))) and (VP was (NP-PRD (NP one) (PP of (NP (NP the few black federal judges) (PP-LOC in (NP the country))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ he) (VP packed (NP the Senate gallery) (PP-CLR with (NP his supporters)) (PP-TMP during (NP (NP some) (PP of (NP the impeachment trial))))))) , (NP-SBJ most civil rights groups) (VP kept (NP their distance) (PP-CLR from (NP his case))) .)) (TOP (S (PP-TMP Following (NP the impeachment conviction)) , (NP-SBJ-1 (NP Dr. Benjamin Hooks) , (NP (NP executive) director (PP of (NP (NP the National Association) (PP for (NP (NP the Advancement) (PP of (NP Colored People))))))) ,) (VP issued (NP a restrained statement) , (S-ADV (NP-SBJ *-1) (VP (VP warning (SBAR that (S (NP-SBJ the Hastings case) (VP could (VP set (NP a `` dangerous precedent)))))) , '' but (VP adding , `` (S (NP-SBJ We) (VP must (VP respect (NP (NP the considered judgment) (PP of (NP the Senate)))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (ADVP last) (NP-SBJ we) (VP left (NP him) (ADVP-TMP *T*-1)))) , (NP-SBJ FBI Agent Nick Mancuso) (VP had (VP (VP solved (NP a murder mystery)) , (VP unraveled (NP a Washington political scandal)) , and (VP racked (PRT up) (NP some (ADJP pretty good) ratings numbers) (PP-LOC in (NP (NP the miniseries) `` (NP-TTL Favorite Son)))))) . '')) (TOP (FRAG (WHNP What next) (PP for (NP (NP the crusty FBI agent) (PP with (NP (NP the heart) (PP of (NP gold)))))) ?)) (TOP (FRAG (NP A spinoff series) , (PP of (NP course)) .)) (TOP (S (S (NP-SBJ There) (VP are (NP-PRD (NP plenty) (PP of (NP (NP worse inspirations) (PP for (NP shows))))))) -- and (S (NP-SBJ (NP most) (PP of (NP them))) (VP had (ADVP already) (VP made (NP the fall lineup)))) :)) (TOP (NP (NP a nun) (VP raising (NP some lovable orphans)) .)) (TOP (NP (NP A den mother) (VP raising (NP some lovable teen models)) .)) (TOP (NP (NP (NP A bunch) (PP of (NP (NP tans) and (NP bathing suits)))) (VP posing (PP-CLR as (NP lovable lifeguards))) .)) (TOP (S (PP-LOC In (NP that context)) , (NP-SBJ (NP (NP Robert Loggia 's) riveting performance) (PP as (NP the unlovable (PRN -- even (ADJP crotchety) --) veteran agent))) (VP seems (NP-PRD (NP a better franchise) (PP for (NP a series)) (PP than (NP most)))) .)) (TOP (S (NP-TMP (NP Week) (PP by (NP week))) (PP-LOC on (NP `` (NP-TTL Mancuso FBI) '' (PRN -LRB- (NP NBC) , (NP-TMP (NP Fridays) , (NP 10 p.m . ET)) -RRB-))) , (NP-SBJ (NP he) (NP *ICH*-1)) (VP pokes (PP-CLR around (NP (NP the crime styles) (PP of (NP (NP the (ADJP rich , famous and powerful)) (PP of (NP the Washington scene)))))) -- (NP-1 (NP a loose cannon) (PP-LOC on (NP deck)) (PP-LOC at (NP the FBI)))) .)) (TOP (S (PP-TMP Over (NP the first few weeks)) , `` (NP-TTL-SBJ Mancuso FBI) '' (VP (VP has (VP sprung (PP-DIR (ADVP straight) from (NP the headlines)))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD either (NP (NP a commendable stab) (PP at (NP topicality))) , or (NP (NP a lack) (PP of (NP imagination))) , or (NP both)))))) .)) (TOP (S (NP-SBJ The opening show) (VP featured (NP (NP a (NAC secretary (PP of (NP defense))) designate) (VP accused (NP-1 *) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP womanizing (PRN -LRB- (PP a la (NP John Tower)) -RRB-))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 his secretary) (VP is (VP found (S (NP-SBJ-3 *-1) (VP floating (S-ADV (NP-SBJ *-3) (ADJP-PRD dead)) (PP-LOC in (NP (NP the pol 's) pool)))) (ADVP-TMP *T*-2))))) , (NP-SBJ-4 Mancuso) (VP is (VP called (PRT in) (S (NP-SBJ *-4) (VP to (VP investigate))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ a young black girl) (VP claimed (SBAR 0 (S (NP-SBJ-1 she) (VP had (VP been (VP raped (NP *-1) (PP by (NP-LGS a white police officer)) (PRN -LRB- (PP a la (NP Tawana Brawley)) -RRB-))))))) .)) (TOP (S (PP-LOC In (NP (NP this week 's) show)) , (NP-SBJ there) (VP 's (NP-PRD an unsafe nuclear weaponsmaking facility) (PRN -LRB- (PP a la (NP Rocky Flats)) -RRB-)) .)) (TOP (S (PP-LOC Along (NP the way)) , (NP-SBJ-2 we) (VP 're (VP introduced (NP *-2) (PP-CLR to (NP (NP the supporting cast) : (NP (NP (NP a blond bombshell secretary) -LRB- (NP Randi Brazen) (PRN -- (FRAG (NP her real name) , (ADVP honest))) -RRB-) , (NP (NP a scheming young boss) -LRB- (NP Fredric Lehne) -RRB-) , (NP (NP (NP another blonde bombshell) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP 's (ADVP also) (NP-PRD an idealistic lawyer))))) -LRB- (NP Lindsay Frost) -RRB-) , and (NP (NP a forensics expert) -LRB- (NP Charles Siebert) -RRB-)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ (NP all) (PP of (NP this))) (VP seems (NP-PRD a little stale)))) , (NP-SBJ-1 it) (VP 's (VP redeemed (NP *-1) (PP in (NP part)) (PP by (NP-LGS some tricky plot twists)))) :)) (TOP (S (NP-SBJ-1 The usual suspects) (VP are (VP found (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD (ADJP guilty) , then (ADJP not guilty) , then (ADJP guilty -- (PP but (PP of (NP a different crime)))))))))) .)) (TOP (S -LRB- (PP-LOC In (NP (NP last week 's) rape case)) , (PP for (NP example)) , (S (NP-SBJ-2 the girl) (VP turns (PRT out) (S (NP-SBJ *-2) (VP to (VP have (VP been (NP-PRD (NP a victim) (PP of (NP incest))))))))) , and (S (NP-SBJ the biggest villains) (VP are (NP-PRD (NP the politicians) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP exploit (NP the case))))))) . -RRB-)) (TOP (S (NP-ADV (NP Most) (PP of (NP all))) (ADVP though) , (NP-SBJ-1 the show) (VP is (VP redeemed (NP *-1) (PP by (NP-LGS (NP the character) (PP of (NP Mancuso)))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-2 What) (S (NP-SBJ *T*-2) (VP makes (S (NP-SBJ the veteran FBI man) (ADJP-PRD so endearing))))) (VP is (NP-PRD (NP his hard-bitten cynicism) -- (VP earned (NP *) (PRN , (S (NP-SBJ we) (VP discover)) ,) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 he) (VP was (VP assigned (NP *-1) (PP-CLR to (NP the civil rights movement)) (ADVP-TMP back (PP in (NP the 1960s))) (ADVP-TMP *T*-3)))))))) .)) (TOP (S (S (NP-SBJ He) (VP was n't (VP protecting (NP the Freedom Marchers)))) ; (S (NP-SBJ he) (VP was (VP tailing (NP them) (PP-CLR as (NP subversives))))) .)) (TOP (S (S (NP-SBJ This) (VP is not (NP-PRD (NP the `` Mississippi Burning '' scenario) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP thrills (NP his young colleagues))))))) : (S `` (S-2 (NP-VOC Kid) , (NP-SBJ you) (VP 've (VP been (VP reading (NP Classic Comics) (ADVP-TMP too long))))) , '' (NP-SBJ Mancuso) (VP says (S *T*-2))) .)) (TOP (S `` (PP Back in (NP 1964)) , (NP-SBJ the FBI) (VP had (NP five black agents)) .)) (TOP (S (S (NP-SBJ Three) (VP were (NP-PRD (NP chauffeurs) (PP for (NP J. Edgar Hoover))))) , and (S (NP-SBJ two) (VP cleaned (NP his house))) . '')) (TOP (SINV (PP-LOC-PRD-TPC-1 At (NP (NP the core) (PP of (NP (NP Mr. Loggia 's) Mancuso)))) (VP is (PP-LOC-PRD *T*-1)) (NP-SBJ his world-weary truculence) .)) (TOP (S (NP-SBJ He) (VP describes (NP a reporter) (PP-CLR as `` (NP Miss First Amendment))) . '')) (TOP (S (NP-SBJ He) (VP describes (NP a drowned corpse) (PP-CLR as `` (NP Esther Williams))) . '')) (TOP (S And (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP 's (VP told `` (S (NP-SBJ *) (VP Try (NP a little tenderness))) (ADVP-TMP *T*-1))))) , '' (NP-SBJ he) (VP shoots (PRT back) `` (S (NP-SBJ-2 I) (VP 'm (VP going (ADVP-DIR home) (S-PRP (NP-SBJ *-2) (VP to (VP try (NP a little linguine)))))))) . '')) (TOP (S Yet (PP for (NP all his cynicism)) , (NP-SBJ he) (VP 's (PP at (NP heart)) (NP-PRD (NP a closet idealist) , (NP (NP a softy) (PP with (NP (NP a secret crush) (PP on (NP (NP truth) , (NP justice) and (NP the American Way)))))))) .)) (TOP (S (NP-SBJ He) (VP 's (NP-PRD (NP the kind) (PP of (NP guy)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP rescues (NP trampled flags)))))) .)) (TOP (S (SBAR-ADV If (S `` (NP-TTL-SBJ Mancuso FBI) '' (VP has (NP an intriguing central character)))) , (NP-SBJ it) (ADVP also) (VP has (NP a major flaw)) :)) (TOP (S (NP-SBJ It) (VP 's (ADJP-PRD wildly overwritten)) .)) (TOP (S (NP-SBJ (NP Executive Producers Steve Sohmer and Jeff Bleckner) -LRB- and (NP writer/producers Ken Solarz and Steve Bello) -RRB-) (VP have (VP revved (NP this show) (PRT up) (PP-CLR to (NP the breaking point)))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP start))) , (S (NP-SBJ there) (VP 's (ADVP-TMP always) (NP-PRD a crisis))) -- and (S (NP-SBJ someone) (ADVP-TMP always) (VP worries , `` (FRAG (WHNP What) (SBAR-ADV if (S (NP-SBJ the press) (VP gets (NP-CLR a hold) (PP-CLR of (NP this)))))))) ? '')) (TOP (S (ADVP-TMP (ADVP At least once) (NP-ADV an episode)) (NP-SBJ we) (VP see (S (NP-SBJ-1 protestors) (VP marching (ADVP-DIR around) (S-ADV (NP-SBJ *-1) (VP screaming (NP slogans)))))) .)) (TOP (S (ADVP-TMP At least once) (NP-SBJ-1 (NP Mancuso 's) boss) (VP (VP yells `` (FRAG (PP-DIR In (NP here)) -- (ADVP-TMP now))) , '' and (VP proceeds (S (NP-SBJ *-1) (VP to (VP dress (NP his investigator) (PRT down)))))) :)) (TOP (S `` (NP-SBJ You) (VP are (NP-PRD (NP a dinosaur) ... (NP (NP a hangover) (PP in (NP a (ADJP $ 10 *U*) suit))))) ...)) (TOP (FRAG (NP One more word) and (S (NP-SBJ you) (VP are (ADVP-LOC-PRD out (PP on (NP a park bench))) , (NP-VOC mister))) . '')) (TOP (S (S (ADVP-TMP Finally) , (PP of (NP course)) , (NP-SBJ the boss) (VP gives (PRT in))) , but (S (NP-SBJ he) (VP 's (ADVP still) (VP yelling : `` (S (S (NP-SBJ I) (VP find (S (NP-SBJ myself) (VP explaining (NP anything) (PP-CLR to (NP Teddy Kennedy)))))) , (S (NP-SBJ you) (VP 'll (VP be (VP chasing (NP stolen cars) (PP-LOC in (NP Anchorage)))))))))) . '')) (TOP (S (PP In (NP fact)) , (PP-LOC throughout `` (NP-TTL Mancuso FBI)) , '' (S (NP-SBJ we) (VP do n't (VP get (NP words or lines)))) -- (S (NP-SBJ we) (VP get (NP speeches))) .)) (TOP (S (NP-SBJ Witnesses) (VP (VP shout) , (VP scream) , (VP pontificate) : `` ... (NP a dream (SBAR that (S (NP-SBJ-1 the planet) (VP could (VP be (VP saved (NP *-1) (PP-CLR (PP from (NP itself)) and (PP from (NP (NP the sadistic dumb creatures) (SBAR (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (VP try (S (NP-SBJ *-4) (VP to (VP tear (PRT down) (NP (NP every decent man) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP raises (NP his voice))))))))))))))))))))) . '')) (TOP (S (S And (NP-SBJ (NP Mancuso) (NP himself)) (VP is (VP investigating (PP-MNR at (NP (NP the top) (PP of (NP his lungs))))))) : (S `` (SBARQ-2 (WHADVP-1 How (NP-ADV the hell)) (SQ can (NP-SBJ you) (VP live (PP-CLR with (NP yourself)) (ADVP-MNR *T*-1)))) ? '' (NP-SBJ he) (VP erupts (SBARQ *T*-2) (PP-CLR at (NP a politician)))) .)) (TOP (S `` (NP-SBJ You) (VP twist (NP (NP people 's) trust)) .)) (TOP (S (NP-SBJ You) (VP built (NP your career) (PP-CLR on (NP prejudice and hate))) .)) (TOP (S (NP-SBJ The scars) (VP will (VP be (ADVP-LOC-PRD here) (SBAR-TMP (NP-ADV years) after (S (NP-SBJ the polls) (VP close))))) . '')) (TOP (S (PP-LOC In (NP each show)) , (NP-SBJ-1 Mancuso) (VP gets (S (NP-SBJ *-1) (VP to (VP unleash (NP similar harangues))))) :)) (TOP (SBARQ `` (WHADVP-3 Where (NP-ADV the hell)) (SQ are (NP-SBJ-2 they) (VP gon (S (NP-SBJ *-2) (VP na (VP live (ADVP-LOC-CLR *T*-3) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ (NP people) (PP like (NP you))) (VP turn (NP the world) (PP-CLR into (NP a (ADJP big toxic) waste dump)) (ADVP-TMP *T*-4))))))))) ?)) (TOP (S (S (NP-SBJ You) (VP 're (NP-PRD the real criminal) (ADVP-LOC here))) ... and (S (S (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ you) (VP did (NP *T*-1)))) (VP was n't (NP-PRD just a murder))) -- (S (NP-SBJ it) (VP was (NP-PRD (NP a crime) (PP against (NP humanity)))))) . '')) (TOP (S And , (ADVP-TMP (ADVP at least once) (NP a show)) , (NP-SBJ someone) (VP delivers (NP (NP the line) `` (S (NP-SBJ *) (VP Get (PP-DIR off (NP that soapbox)))))) . '')) (TOP (S (ADVP-TMP Now) (NP-SBJ that) (VP 's (NP-PRD (NP advice) (SBAR (WHNP-1 0) (S (NP-SBJ the writers) (VP should (VP take (NP *T*-1) (PP-CLR to (NP heart)))))))) .)) (TOP (S (S (NP-SBJ They) (VP have (NP (NP a series) (PP with (NP (NP a good character) , (NP some interesting (PRN , (ADVP even) (ADVP-TMP occasionally) (ADJP surprising)) plot lines)))))) , and (S (NP-SBJ they) (VP 're (VP ruining (NP it)))) .)) (TOP (SBARQ (WHADVP-2 Why) , (SQ (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ a key witness) (VP disappears (ADVP-TMP *T*-1)))) , does (NP-SBJ-3 Mancuso) (VP trash (NP her apartment) (ADVP-PRP *T*-2) , (S-ADV (NP-SBJ *-3) (VP (VP tearing (PRT down) (NP drapes)) , (VP smashing (NP walls)))))) ?)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD a (ADJP (ADJP bizarre) and (ADJP totally inappropriate)) reaction) , (S-PRP (NP-SBJ *) all (VP to (VP add (NP more pizzazz) (PP-CLR to (NP (NP a script) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (ADVP already) (VP overdosing (PP-CLR on (NP pizzazz)))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's not (NP-PRD plot)) .)) (TOP (S (NP-SBJ That) (VP 's not (NP-PRD character)) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD hyperventilating)) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP a scene) (PP-LOC at (NP (NP the end) (PP of (NP (NP the first week 's) show)))) (SBAR (WHADVP-1 where) (S (NP-SBJ Mancuso) (VP attends (NP (NP the unveiling) (PP of (NP (NP the memorial) (PP to (NP his dead partner David))))) (ADVP-LOC *T*-1)))))) .)) (TOP (S (S (S-ADV (NP-SBJ-2 *-1) (VP Asked (NP-3 *-2) (S (NP-SBJ *-3) (VP to (VP say (NP a few words)))))) , (NP-SBJ-1 he) (VP (VP pulls (ADVP-DIR out) (NP (NP his crumpled piece) (PP of (NP paper)))) and (VP tries (S (NP-SBJ *-1) (VP to (VP talk)))))) , but (S (NP-SBJ he) (VP 's (ADJP-PRD too choked (PRT up) (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP to (VP get (NP the words) (PRT out)))))))) .)) (TOP (S (NP-SBJ He) (VP (VP bangs (PP-CLR on (NP (NP the piece) (PP of (NP paper)))) (PP-MNR in (NP frustration))) , then (VP (VP turns) and (VP walks (ADVP-DIR away)))) .)) (TOP (S (S (NP-SBJ It) (VP was (NP-PRD (NP a (ADJP profoundly moving) moment) (PP for (NP series television))))) , and (S (NP-SBJ (NP Robert Loggia 's) acting) (VP resonated (PP-LOC in (NP the silence)))) .)) (TOP (S (NP-SBJ There) (VP 's (NP-PRD a (ADJP pretty good) program) (PP-LOC inside (NP (NP all the noise) (PP of `` (NP-TTL Mancuso FBI))))) . '')) (TOP (S (SBAR-ADV If (S (NP-SBJ (NP the show 's) creators) (VP could (ADVP just) (VP let (S (NP-SBJ themselves) (VP be (ADJP-PRD quiet) (PP-TMP for (NP a little)))))))) , (NP-SBJ they) (VP might (ADVP just) (VP hear (NP it))) .)) (TOP (S (S (PP With (NP (NP a Twist) (PP of (NP the Wrist)))) (NP-SBJ (NP (NP Boys) (PP with (NP tops))) , and (NP Frisbee tossers) , And (NP (NP P.R. types) (PP with (NP (NP bees) (PP in (NP their bonnet))))) ,) (VP Have (NP a goal) (PP-CLR in (ADJP common)))) , (S (NP-SBJ-1 (NP all) (PP of (NP them))) (VP try (S (NP-SBJ *-1) (VP To (VP put (NP the right spin) (PP-PUT on (NP it))))))) .)) (TOP (NP -- George O. Ludcke .)) (TOP (NP-HLN Net Gain)) (TOP (S (S (S (NP-SBJ Investment letters) (ADVP-TMP now) (VP abound)) , (S (NP-SBJ-1 I) (ADVP really) (VP like (S (NP-SBJ *-1) (VP to (VP read (NP them))))))) ; (S (SBAR-ADV If (S (NP-SBJ I) (VP peruse (NP enough)))) , (NP-SBJ I) (VP 've (VP found (SBAR 0 (S (NP-SBJ I) (VP 've (NP (NP no time) (VP left) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP heed (NP them) (ADVP-TMP *T*-2)))))))))))) !)) (TOP (NP -- Bern Sharfman .)) (TOP (NP-HLN Daffynition)) (TOP (NP (NP TV evangelist) : (NP salesparson) .)) (TOP (NP -- Marguerite Whitley May .)) (TOP (S (NP-SBJ Texaco Inc.) (VP (VP has (VP purchased (NP (NP an oil-producing company) (PP-LOC in (NP Texas))) (PP-CLR for (NP (QP $ 476.5 million) *U*)))) , (NP (NP its first major acquisition) (SBAR-TMP since (S (NP-SBJ (NP its legal brawl) (PP with (NP Pennzoil Co.))) (VP began (ADVP-TMP (NP (QP more than four) years) ago)))))) .)) (TOP (S (NP-SBJ The (NAC-LOC White Plains , N.Y. ,) oil company) (VP said (NP-TMP Friday) (SBAR that (S (NP-SBJ it) (VP had (VP acquired (NP (NP Tana Production Corp.) , (NP (NP a subsidiary) (PP of (NP TRT Energy Holdings Inc.))) ,) (PP-CLR for (NP (NP (QP $ 95.1 million) *U*) (PP in (NP cash)))) , (PP with (NP (NP the rest) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP paid (NP *-1) (PP-MNR in (NP (NP shares) (PP of (NP (NP a new , non-voting issue) (PP of (NP preferred stock)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Tana) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP holds (NP (NP properties) (PP-LOC in (NP (NP 17 oil and gas fields) (PP-LOC in (NP south Texas)))))))) ,) (VP will (VP provide (NP Texaco) (PP-CLR with (NP mostly gas reserves)))) .)) (TOP (S (NP-SBJ The fields) (VP contain (NP (NP recoverable reserves) (PP of (NP (NP (NP (QP 435 billion) cubic feet) (PP of (NP natural gas))) and (NP (NP (QP four million) barrels) (PP of (NP oil))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This acquisition) (VP is (NP-PRD (NP another indication) (PP of (NP (NP Texaco 's) commitment (S (NP-SBJ *) (VP to (VP increase (NP (NP the company 's) reserve base))))))))) , '' (VP said (S *T*-1)) (NP-SBJ Chief Executive Officer James W. Kinnear) .)) (TOP (S (NP-SBJ-1 Texaco) (VP has (ADVP also) (VP been (VP attempting (S (NP-SBJ *-1) (VP to (VP sell (NP oil properties))))))) .)) (TOP (S (ADVP-TMP (NP (QP At least two) years) ago) , (NP-SBJ the company) (VP put (NP (NP (QP 60 million) barrels) (PP of (NP oil reserves))) (PP-PUT on (NP the block))) .)) (TOP (S (S-TPC-2 (NP-SBJ They) (VP were (ADJP-PRD (ADJP either too small or uneconomic) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP maintain (NP *T*-1)))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 (NP Not all) (PP of (NP those parcels))) (VP have (ADVP yet) (VP been (VP sold (NP *-1)))) .)) (TOP (S (S-TPC-2 (NP-SBJ Texaco) (VP acquired (NP Tana) (SBAR-TMP before (S (NP-SBJ it) (VP completed (NP those sales)))) (SBAR-PRP because (S (NP-SBJ (NP Tana 's) properties) (VP are (UCP-PRD (ADJP-PRD high quality) and (PP-LOC-PRD near (NP (NP other fields) (SBAR (WHNP-1 0) (S (NP-SBJ Texaco) (ADVP already) (VP owns (NP *T*-1)))))))))))) , (NP-SBJ a company spokeswoman) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 Texaco) , (PP like (NP many other oil companies)) , (VP has (VP been (VP struggling (S (NP-SBJ *-1) (VP to (VP replace (NP its falling oil and gas reserves))))))) .)) (TOP (S (NP-SBJ (NP Texaco 's) situation) (VP had (VP become (ADJP-PRD particularly complex) (SBAR-PRP because (S (NP-SBJ-1 (NP much) (PP of (NP its effort))) (VP had (PP-TMP for (NP years)) (VP been (VP focused (NP *-1) (PP-CLR (PP on (NP (NP its brawl) (PP with (NP Pennzoil)))) and then (PP on (NP (NP New York investor Carl C. Icahn 's) attempt (S (NP-SBJ *) (VP to (VP take (PRT over) (NP the company)))))))))))))) .)) (TOP (S (NP-SBJ Pennzoil) (VP had (VP sued (NP-1 Texaco) (PP-CLR for (S-NOM (NP-SBJ *-1) (ADVP-MNR improperly) (VP interfering (PP-CLR with (NP (NP its acquisition) (PP of (NP (NP a portion) (PP of (NP Getty Oil Co))))))))))) .)) (TOP (S (ADVP Eventually) , (NP-SBJ (NP Texaco) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP forced (NP *-1) (PP-CLR into (NP bankruptcy proceedings)) (PP by (NP-LGS that litigation)))))) ,) (VP settled (NP (NP its fight) (PP with (NP Pennzoil))) (PP-CLR for (NP (QP $ 3 billion) *U*)) (PP-TMP in (NP 1986))) .)) (TOP (S (NP-SBJ (NP Mr. Icahn) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP (VP played (NP a key role) (PP-LOC in (NP the settlement))) and (VP attempted (ADVP-TMP subsequently) (S (NP-SBJ *-2) (VP to (VP take (NP (NP control) (PP of (NP the company)))))))))) ,) (VP sold (NP (NP his stake) (PP-LOC in (NP Texaco))) (NP-TMP just last summer)) .)) (TOP (S (NP-SBJ (NP Completion) (PP of (NP (NP (NP Texaco 's) acquisition) (PP of (NP Tana))))) (VP is (ADJP-PRD subject (PP to (NP government approval))) (PP-LOC under (NP the Hart-Scott-Rodino Antitrust Improvements Act))) .)) (TOP (S (NP-SBJ CRI Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP reduced (NP (NP the estimated cash distribution) (PP for (NP its Capital Housing and Mortgage Partners Inc. trust))) (PP-DIR to (PP between (NP (NP (NP 71 cents) and (NP 74 cents)) (NP-ADV a share)))) , (PP-DIR from (PP between (NP (NP 75 cents) and (NP 80 cents)))) , (PP-TMP for (NP (NP the year) (VP ending (NP-TMP-CLR June 9 , 1990)))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The change) (PP in (NP (NP expected cash distributions) (PP from (NP the Champs real estate investment trust))))) (VP stems (PP-CLR from (NP (NP a revised estimate) (PP of (NP administrative costs)))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Jay R. Cohen) , (NP Champs executive vice president)) .)) (TOP (S (NP-SBJ (NP CRI) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP sponsors (NP Champs)))) ,) (VP is (NP-PRD a world-wide real estate investment firm)) .)) (TOP (S (NP-SBJ H&R BLOCK Inc.) (VP had (NP (NP net income) (PP of (NP (NP (QP $ 100.2 million) *U*) , or (NP (NP $ 1.90 *U*) (NP-ADV a share)) ,))) (PP-TMP in (NP (NP the fiscal year) (VP ended (NP *) (NP-TMP-CLR April 30))))) .)) (TOP (S (NP-SBJ-1 The figure) (VP was (VP (ADVP incorrectly) shown (NP *-1) (PP-CLR as (NP a net loss)) (PP-LOC in (NP (NP a chart) (VP accompanying (NP (NP Friday 's) (S-TTL (NP-SBJ-2 *) (VP Heard (NP *-2) (PP-LOC on (NP the Street)))) column)))))) .)) (TOP (S (NP-SBJ (NP Your Oct. 2 article) (PP on (NP Daniel Yankelovich))) (VP cited (NP (NP the quote) (S-TTL `` (NP-SBJ A good name) (VP is (ADJP-PRD (ADJP better) (PP than (NP great riches)))) '')) (PP-CLR as (S-NOM (NP-SBJ *) (VP being (PP-PRD from (NP (NP Cervantes ') `` (NX-TTL Don Quixote))))))) . '')) (TOP (S (S (ADVP Actually) , (NP-SBJ Cervantes) (VP borrowed (NP that quote) (PP-CLR from (NP (NP a writer) (PP of (NP (NP some 25 centuries) (ADVP-TMP earlier))))))) : (S (NP-SBJ (NP Israel 's) King Solomon) (VP wrote (NP those words) (PP-LOC in (NP (NP-TTL (NP the Book) (PP of (NP Proverbs))) -LRB- (NP 22:1) -RRB-)))) .)) (TOP (NP Michael E. Hill)) (TOP (S (S-TPC-1 (NP-SBJ Japan) (VP had (NP (NP an unadjusted trade surplus) (PP of (NP (QP $ 1.82 billion) *U*))) (PP-TMP for (NP (NP the first 10 days) (PP of (NP October)))) , (ADVP down (PP from (NP (QP $ 3.16 billion) *U*) (ADVP-TMP (NP a year) earlier))))) , (NP-SBJ the Finance Ministry) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The latest drop) (VP shows (SBAR 0 (S (NP-SBJ (NP the narrowing) (PP-LOC in (NP (NP the nation 's) trade gap)) (VP reflected (NP *) (PP-LOC in (NP successive full monthly reports)))) (VP is (VP continuing))))) .)) (TOP (S (NP-SBJ The report) (VP follows (NP (NP five-consecutive declines) (PP in (NP full monthly figures)))) .)) (TOP (S (NP-SBJ Imports) (VP (VP rose (ADVP sharply) (PP-TMP in (NP the period)) , (PP-DIR to (NP (QP $ 5.19 billion) *U*)) (PP-DIR from (NP (QP $ 4.04 billion) *U*) (ADVP-TMP (NP a year) earlier))) , (NP (NP a change) (PP of (NP 28 %)))) .)) (TOP (S (NP-SBJ (NP Exports) (PP-TMP during (NP the period))) (VP were (NP-PRD (NP (QP $ 7.01 billion) *U*) , (PP (NP 2.6 %) below (NP (NP (QP $ 7.20 billion) *U*) (ADVP-TMP (NP a year) ago))))) .)) (TOP (S (NP-SBJ (NP Groupe AG 's) chairman) (VP said (SBAR 0 (S (NP-SBJ-1 the Belgian insurer) (VP is (ADJP-PRD prepared (S (NP-SBJ *-1) (VP to (VP give (PRT up) (NP (NP some) (PP of (NP its independence))) (PP-CLR to (NP a white knight)))))) (SBAR-ADV if (FRAG (S (NP-SBJ *) (ADJP-PRD necessary) (S-PRP (NP-SBJ *) (VP to (VP repel (NP a raider))))))))))) .)) (TOP (S (PP-LOC Amid (NP (NP heavy buying) (PP of (NP shares)) (PP-LOC in (NP (NP Belgium 's) largest insurer)))) , (NP-SBJ Maurice Lippens) (ADVP also) (VP warned (PP-LOC in (NP an interview)) (SBAR that (S (NP-SBJ-1 a white knight) , (PP in (S-NOM (NP-SBJ *-1) (VP buying (PRT out) (NP a raider)))) , (VP could (VP leave (NP speculators) (PP-CLR with (NP (NP big losses) (PP-LOC on (NP their AG stock))))))))) .)) (TOP (S (PP-TMP Since (NP (NP the beginning) (PP of (NP the year)))) , (NP-SBJ the stock) (VP has (VP (ADVP nearly) doubled , (S-ADV (NP-SBJ *) (VP giving (NP AG) (NP (NP a market value) (PP of (NP (NP (QP about 105 billion) Belgian francs) -LRB- (NP (QP $ 2.7 billion) *U*) -RRB-))))))) .)) (TOP (S (NP-SBJ The (ADJP most likely) white knight) (VP would (VP be (NP-PRD (NP Societe Generale de Belgique S.A.) , (SBAR (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (ADVP-TMP already) (VP owns (NP (NP 18 %) (PP of (NP AG)))))) and (SBAR (WHNP-3 which) (S (NP-SBJ-1 (NP *T*-3) (NP itself)) (VP is (VP controlled (NP *-1) (PP by (NP-LGS (NP Cie . Financiere de Suez) , (NP the acquisitive French financial conglomerate))))))))))) .)) (TOP (S But (NP-SBJ Mr. Lippens) (VP said (SBAR 0 (S (NP-SBJ a rescue) (ADVP also) (VP could (VP involve (NP (NP Asahi Mutual Life Insurance Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP 5 %) (PP of (NP AG)))))))))))) .)) (TOP (S (NP-SBJ AG) (VP is (ADJP-PRD hardly alone) (PP in (NP its anxiety))) .)) (TOP (S (NP-SBJ A rambunctious shake-up) (VP is (VP (ADVP-MNR quickly) reshaping (NP (NP Europe 's) once-stately insurance business))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (ADJP-PRD Worried (PP by (NP (NP European Community directives) (SBAR (WHNP-1991 that) (S (NP-SBJ *T*-1991) (VP will (VP remove (NP (NP many) (PP of (NP (NP the barriers) (PP to (NP cross-border insurance services))))) , (S-TMP (NP-SBJ *) (VP starting (PP-TMP-CLR in (NP mid-1990)))))))))))) , (NP-SBJ-2 insurers) (VP are (VP (VP rushing (S (NP-SBJ *-2) (VP to (VP find (NP partners))))) and (VP preparing (PP-CLR for (NP price wars))))) .)) (TOP (S (PP-LOC In (NP (NP West Germany) and (NP the Netherlands))) , (NP-SBJ insurers) (VP are (VP flirting (PP-CLR with (NP banks)))) .)) (TOP (S (S (PP-LOC In (NP France)) , (NP-SBJ (NP (NP Suez) and (NP Axa-Midi Assurances S.A.) both)) (VP have (VP been (PP-PRD on (NP (NP the prowl) (PP for (NP giant acquisitions))))))) ; (S (NP-SBJ Suez) (NP-TMP last month) (VP acquired (NP (NP control) (PP of (NP (NP Groupe Victoire) , (NP the sixth-largest European insurance company)))) , (PP-TMP after (NP (NP a takeover battle) (PP with (NP Cie . Industrielle)))))) .)) (TOP (S (NP-SBJ Mr. Lippens) (VP said (SBAR 0 (S (NP-SBJ (NP the volume) (PP of (NP (NP shares) (VP changing (NP hands))))) (VP has (VP grown (ADVP significantly) (PP-TMP since (NP mid-September))))))) .)) (TOP (S But (NP-SBJ he) (VP estimated (SBAR that (S (NP-SBJ-1 a raider) (VP would (VP have (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP amass (NP (NP (QP no more than 4) %) (PP of (NP the shares))))))) (PP-TMP in (NP recent months)))))))) .)) (TOP (S (PP Aside (PP from (S-NOM (NP-SBJ *-1) (VP exploring (NP (NP plans) (PP for (NP joint ventures or acquisitions))))))) , (NP-SBJ-1 Mr. Lippens) (VP has (VP called (NP (NP top managers) (PP of (NP (NP companies) (VP rumored (NP *) (PP-CLR as (NP potential raiders)) -- (FRAG (PP-LOC among (NP them)) , (NP (NP (NP Axa-Midi) , (NP Union des Assurances de Paris) and (NP Suez)) , (NP (NP all) (VP based (PP-LOC-CLR in (NP France)))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP They)) (VP have all (VP `` (ADVP-MNR very clearly) stated (SBAR that (S (NP-SBJ they) (VP (VP have not (VP acquired (NP *RNR*-1))) and (VP are not (VP acquiring (NP *RNR*-1))) (NP-1 (NP shares) (PP of (NP AG))))))))) , '' (NP-SBJ he) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Any raider) (VP would (VP find (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP crack (NP (NP AG 's) battlements))))))) .)) (TOP (S-1 (S (NP-SBJ (NP A `` syndicate '') (PP of (NP shareholders))) (VP holds (NP (NP (QP just under 50) %) (PP of (NP AG))))) (PRN , (S (NP-SBJ Mr. Lippens) (VP said (SBAR 0 (S *T*-1)))) ,) and (S (NP-SBJ-2 members) (VP have (VP agreed (S (NP-SBJ *-2) (VP to (VP give (NP one another) (NP (NP the right) (PP of (NP first refusal)))))) (SBAR-ADV (SINV should (NP-SBJ they) (VP sell (NP any AG shares))))))) .)) (TOP (S (PP Aside (PP from (NP (NP Generale de Belgique) and (NP Asahi)))) , (NP-SBJ the syndicate) (VP includes (NP (NP Antwerpsche Hypotheekkas) , (NP a Belgian savings bank) , and (NP various family interests))) .)) (TOP (S (NP-SBJ A Generale spokesman) (VP confirmed (SBAR that (S (NP-SBJ-1 the giant Belgian holding company) (VP would (VP be (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP raise (NP (NP its stake) (PP-LOC in (NP AG))))))) (SBAR-ADV (SINV should (NP-SBJ a raider) (VP seek (NP control))))))))) .)) (TOP (S (NP-SBJ-1 Asahi officials) (VP could n't (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S (PP (ADVP Even) without (NP bid talk)) , (NP-SBJ (NP (NP this year 's) surge) (PP-LOC in (NP prices)) (PP for (NP Brussels real estate))) (VP has (VP excited (NP (NP interest) (PP-LOC in (NP AG))))) .)) (TOP (S (NP-SBJ The company) (VP says (SBAR 0 (S (NP-SBJ those holdings) (VP constitute (NP (NP the third-biggest real-estate portfolio) (PP-LOC in (NP Belgium))))))) .)) (TOP (S (PP With (S-NOM (NP-SBJ the dust) (VP settling (PP-CLR from (NP (NP the failed coup attempt) (PP-LOC in (NP Panama))))))) , (NP-SBJ (NP one) (PP of (NP (NP the many lingering questions) (SBAR (WHNP-1 0) (S (NP-SBJ the Bush administration) (VP will (VP ponder (NP *T*-1)))))))) (VP is (NP-PRD (NP this) : (SQ (SQ Is (NP-SBJ the National Security Council staff) (ADJP-PRD big enough)) , and (SQ does (NP-SBJ it) (VP have (NP enough clout , (S (NP-SBJ *) (VP to (VP do (NP (NP its job) (PP of (S-NOM (NP-SBJ *) (VP coordinating (NP foreign policy)))))))))))))) ?)) (TOP (S (NP-SBJ-1 (NP (NP President Bush 's) national security adviser) , (NP Lt. Gen. Brent Scowcroft) ,) (VP came (PP-DIR into (NP office)) (PP-TMP in (NP January)) (S-ADV (NP-SBJ *-1) (ADJP-PRD intent (PP on (S-NOM (NP-SBJ *-1) (VP making (S (NP-SBJ the NSC staff) (ADJP-PRD (ADJP (ADJP leaner) and (ADJP more disciplined)) (SBAR than (S (NP-SBJ it) (VP had (VP been (ADJP-PRD *?*) (PP-TMP during (NP the Reagan administration)))))))))))))) .)) (TOP (S (NP-SBJ Gen. Scowcroft) (VP was (NP-PRD (NP a member) (PP of (NP (NP the Tower Commission) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP investigated (NP the Iran-Contra affair)))))))) .)) (TOP (S (NP-SBJ He) (VP was (ADJP-PRD all too aware (PP of (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ a large , (ADJP inadequately supervised) NSC staff) (VP had (VP (VP spun (PP-CLR out (PP of (NP control)))) and (VP (ADVP nearly) wrecked (NP (NP President Reagan 's) second term)) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (ADVP So) , (S-ADV (NP-SBJ *-3) (VP following (NP both (NP (NP the style) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP pursued (NP *T*-2) (PP as (NP (NP President Ford 's) national security adviser)))))) and (NP (NP the recommendations) (PP of (NP the Tower Commission)))))) , (NP-SBJ-3 Gen. Scowcroft) (VP has (VP (VP pruned (NP the NSC staff)) and (VP tried (S (NP-SBJ *-3) (VP to (VP ensure (SBAR that (S (NP-SBJ it) (VP sticks (PP-CLR to (NP (NP its assigned tasks) -- (ADVP namely) , (S-NOM (NP-SBJ *) (VP (VP gathering (NP (NP the views) (PP of (NP (NP the State Department) , (NP Pentagon) and (NP intelligence community))))) ; (VP serving (PP-CLR as (NP an honest broker)) (PP in (S-NOM (NP-SBJ *) (VP distilling (NP that information) (PP for (NP the president)))))) and (VP (ADVP-TMP then) making (S (ADJP-PRD sure) (SBAR-NOM-SBJ 0 (S (NP-SBJ-1 presidential decisions) (VP are (VP carried (NP *-1) (ADVP out)))))))))))))))))))) .)) (TOP (S (NP-SBJ The Tower Commission) (VP (VP (ADVP-MNR specifically) said (SBAR that (S (NP-SBJ the NSC staff) (VP should (VP be (ADJP-PRD `` small '')))))) and (VP warned (PP-CLR against (S-NOM (NP-SBJ *) (VP (VP letting (S (NP-SBJ (NP `` energetic self-starters '') (PP like (NP Lt. Col. Oliver North))) (VP strike (PRT out) (PP-MNR on (NP their own))))) (CONJP rather than) (VP leaving (NP (NP the day-to-day execution) (PP of (NP policies))) (PP-CLR to (NP (NP the State Department) , (NP Pentagon) or (NP Central Intelligence Agency))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ the Panama episode) (VP has (VP raised (NP (NP questions) (PP about (SBAR whether (S (NP-SBJ the NSC staff) (VP is (ADJP-PRD sufficiently big , diverse and powerful (S (NP-SBJ *) (VP to (VP coordinate (NP (NP U.S. policy) (PP on (NP tough issues)))))))))))))) .)) (TOP (SINV (S-TPC-2 (PP-TMP During (NP (NP the coup attempt) and (NP its aftermath))) , (NP-SBJ-1 NSC staffers) (VP were `` (VP stretched (NP *-1) (ADVP-CLR very thin)))) , '' (VP says (S *T*-2)) (NP-SBJ one senior administration official) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD a (ADJP very small) shop)) . '')) (TOP (S (S-TPC-2 (NP-SBJ-1 Gen. Scowcroft) (VP (VP does n't (VP plan (S (NP-SBJ *-1) (VP to (VP increase (NP the staff) (ADVP-TMP right now)))))) , but (VP is (VP weighing (NP that possibility))))) , (NP-SBJ the official) (VP adds (SBAR 0 (S *T*-2))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ The NSC staff) `` (VP does n't (VP have (NP (NP the horsepower) (SBAR (WHNP-2 that) (S (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ-4 *T*-2) (VP is (VP required (NP *-4) (S-PRP (NP-SBJ *) (VP to (VP have (NP an effective interagency process)))))))))))))) , '') (VP says (S *T*-3)) (NP-SBJ (NP Frank Gaffney) , (NP (NP a former Pentagon aide) (SBAR (WHNP-1 who) (S (ADVP-TMP now) (NP-SBJ *T*-1) (VP runs (NP (NP the Center) (PP for (NP Security Policy)) , (NP a conservative Washington think-tank))))))) .)) (TOP (S-1 `` (NP-SBJ (NP The problem) (PP with (NP this administration))) (PRN , (S (NP-SBJ I) (VP think (SBAR 0 (S *T*-1))) ,)) (VP is (SBAR-PRD that (S (PP by (NP design)) (NP-SBJ it) (VP has (VP (ADVP greatly) diminished , (PP both (PP in (NP a physical sense)) and (PP in (NP a procedural sense))) , (NP (NP the role) (PP of (NP the NSC)))))))) . '')) (TOP (S (NP-SBJ-1 (NP The National Security Council) (NP itself)) (VP was (VP established (NP *-1) (PP-TMP-CLR in (NP 1947)) (SBAR-PRP because (S (NP-SBJ policy makers) (VP sensed (NP (NP a need) , (PP-LOC in (NP an increasingly complex world)) , (PP for (NP (NP a formal system) (PP within (NP the White House)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP make (S (ADJP-PRD sure) (SBAR-NOM-SBJ that (S (NP-SBJ communications) (VP flowed (ADVP-MNR smoothly) (PP between (NP (NP the president) and (NP (NP the State Department) , (NP Pentagon) and (NP intelligence agencies)))))))))))))))))))) .)) (TOP (S (PP By (NP law)) , (NP-SBJ the council) (VP includes (NP (NP the president) , (NP vice president) and (NP (NP secretaries) (PP of (NP state and defense))))) .)) (TOP (S (PP In (NP practice)) , (NP-SBJ (NP (NP the director) (PP of (NP central intelligence))) and (NP (NP chairman) (PP of (NP (NP the Joint Chiefs) (PP of (NP Staff)))))) (VP (ADVP also) serve (PP-CLR as (NP unofficial members))) .)) (TOP (S But (NP-SBJ-1 (NP the size , shape and role) (PP of (NP the NSC staff))) (VP have (VP been (VP left (NP *-1) (SBAR-CLR for (S (NP-SBJ (NP each president) and (NP his national security adviser)) (VP to (VP decide))))))) .)) (TOP (S (NP-SBJ That task) (VP is (NP-PRD (NP one) (PP of (NP (NP Washington 's) perennial problems)))) .)) (TOP (S (S-TPC-1 (PP-LOC In (NP the Bush White House)) , (NP-SBJ (NP the size) (PP of (NP (NP (NP the NSC 's) staff) (PP of (NP professional officers))))) (VP is (ADVP-PRD down (PP (PP-DIR to (NP about 50)) (PP-DIR from (NP (NP about 70) (PP-TMP in (NP 1987)))))))) , (NP-SBJ administration officials) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Administration officials) (VP insist (SBAR that (S (NP-SBJ (NP the size) (PP of (NP the staff))) (VP was n't (NP-PRD a problem) (PP-TMP during (NP the Panama crisis)))))) .)) (TOP (S But (NP-SBJ (NP one clear problem) (PP-TMP during (NP the coup attempt))) (VP was (SBAR-PRD that (S (NP-SBJ (NP (NP the NSC staffer) (ADJP (ADJP most experienced) (PP-LOC in (NP Latin America)))) , (NP Everett Briggs) ,) (VP was (ADJP-PRD gone))))) .)) (TOP (S (NP-SBJ He) (VP had (VP (ADVP just) resigned , (PP-PRP (PP (ADVP at least) in (NP part)) because of (NP (NP a feud) (PP with (NP (NAC Assistant Secretary (PP of (NP State))) Bernard Aronson)) (PP over (NP (NP (NP (NP the administration 's) policy) (PP on (NP Panama))) and (NP (NP support) (PP for (NP (NP Nicaragua 's) Contra rebels))))))))) .)) (TOP (S (NP-SBJ (NP The absence) (PP of (NP Mr. Briggs))) (VP underscored (NP (NP the possible inadequacy) (PP of (NP the current NSC staff)))) .)) (TOP (S (NP-SBJ Both (NP Gen. Scowcroft) and (NP (NP his deputy) , (NP Robert Gates) ,)) (VP are (NP-PRD (NP experts) (PP in (NP U.S.-Soviet affairs)))) .)) (TOP (S (S (NP-SBJ Gen. Scowcroft) (VP is (ADJP-PRD particularly well-versed (PP in (NP arms control))))) , and (S (NP-SBJ-1 Mr. Gates) (VP has (VP spent (NP years) (S-CLR (NP-SBJ *-1) (VP studying (NP Soviet politics and society)))))) .)) (TOP (S (NP-SBJ Both) (VP have (VP become (NP-PRD (NP confidants) (PP of (NP President Bush))))) .)) (TOP (S But (NP-SBJ neither) (VP has (NP (NP an extensive background) (PP-LOC in (NP (NP Latin America) , (NP the Middle East) or (NP Asia))))) .)) (TOP (S (PP-LOC In (NP those areas)) , (NP-SBJ (NP the role) (PP of (NP (NP NSC staffers) (PP under (NP them))))) (ADVP therefore) (VP have (VP become (ADJP-PRD more important))) .)) (TOP (S (NP-SBJ Gen. Scowcroft) (VP knows (ADVP (ADVP as well) (PP as (NP anyone))) (SBAR that (S (NP-SBJ (NP one) (PP of (NP (NP the biggest dangers) (SBAR (WHNP-3 0) (S (NP-SBJ he) (VP faces (NP *T*-3))))))) (VP is (SBAR-PRD that (S (NP-SBJ (NP NSC staffers) (VP working (PP-MNR in (NP relative anonymity)))) (VP will (VP take (PRT over) (NP (NP policy-making and operational tasks) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP are (ADVP best) (VP left (NP *-1) (PP-CLR to (NP (ADJP (ADJP bigger) and (ADJP more experienced)) State Department and Pentagon bureaus))))))))))))))) .)) (TOP (S But (SBAR-ADV just as (FRAG (S (NP-SBJ every previous NSC adviser) (VP has)))) , (NP-SBJ-1 Gen. Scowcroft) (ADVP-TMP now) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP mull (SBAR (WHPP-2 at (WHNP what point)) (S (NP-SBJ the NSC staff) (VP becomes (ADJP-PRD (ADJP too lean) and (ADJP too restrained)) (PP-TMP *T*-2))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Japan 's) wholesale prices) (PP-TMP in (NP (NP the first 10 days) (PP of (NP October))))) (VP (VP fell (NP-EXT 0.3 %) (PP-TMP from (NP the previous 10 days))) but (VP rose (NP-EXT 3.3 %) (PP-TMP from (ADVP-TMP (NP a year) ago))))) , (NP-SBJ (NP the Bank) (PP of (NP Japan))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ The wholesale price index) (VP stood (PP-CLR at (NP 89.6)))) (PRN -LRB- (S (NP-SBJ 1985) (VP equals (NP 100))) -RRB-) .)) (TOP (S (NP-SBJ (NP A former Sperry Corp. marketing executive) , (VP admitting (NP (NP his role) (PP-LOC in (NP the Pentagon procurement scandal)))) ,) (VP pleaded (ADJP-PRD guilty) (PP-CLR to (NP (NP bribery and conspiracy charges) (PP for (S-NOM (NP-SBJ-1 *) (VP helping (S (NP-SBJ *-1) (VP funnel (NP $ 400,000 *U*) (PP-CLR to (NP a midlevel Navy acquisition official)))) (PP-TMP during (NP the early 1980s)))))))) .)) (TOP (S (NP-SBJ-2 (NP Frank Lavelle) , (SBAR (WHNP-1 who) (S (PP-TMP at (NP the time)) (NP-SBJ *T*-1) (VP was (NP-PRD (NP the marketing director) (PP for (NP Sperry)) (PP-LOC in (NP (NP Clearwater) , (NP Fla.)))))) ,)) (VP admitted (S (NP-SBJ *-2) (VP participating (PP-CLR in (NP (NP a scheme) (SBAR (WHPP-3 0) (S (NP-SBJ *) (VP to (VP bribe (NP (NP Garland Tomlin) , (NP the Navy official)) (PP-LOC *T*-3)))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Tomlin) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP left (NP the Navy) (PP-TMP in (NP 1985))))) ,) (VP pleaded (ADJP-PRD guilty) (ADVP-TMP earlier (NP this year)) (PP-CLR to (NP related conspiracy , bribery and tax-evasion charges))) .)) (TOP (S (NP-SBJ The bribery scheme) (VP took (NP-CLR place) (PP-TMP between (NP 1982 and 1985)) , (PP according (PP to (NP (NP documents) (VP filed (NP *) (PP by (NP-LGS prosecutors)) (PP in (NP (NP connection) (PP with (NP (NP Mr. Lavelle 's) guilty plea)))) (PP-LOC in (NP (NP federal district court) (PP-LOC in (NP (NP Alexandria) , (NP Va)))))))))) .)) (TOP (S (NP-SBJ Sperry) (VP merged (PP-CLR with (NP Burroughs Corp.)) (S-ADV (NP-SBJ *) (VP to (VP become (NP-PRD Unisys Corp.)))) (PP-TMP in (NP late 1986))) .)) (TOP (S (NP-SBJ (NP Court documents) (VP filed (NP *) (PP by (NP-LGS prosecutors)))) (VP indicate (SBAR 0 (S (NP-SBJ-1 Mr. Tomlin) (VP tried (S (NP-SBJ *-1) (VP to (VP steer (PP-CLR to (NP Sperry)) (NP (NP a (ADJP multimillion dollar) contract) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP computerize (NP (NP maintenance) (PP of (NP certain Navy electronics equiment))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Mr. Tomlin) , (PP among (NP other things)) , (VP (ADVP-MNR illegally) provided (NP Mr. Lavelle) (PP-CLR with (NP (NP inside information and documents) (VP intended (S (NP-SBJ *) (VP to (VP give (NP Sperry) (NP (NP an unfair advantage) (PP-LOC in (NP the competition))))))))))) , (NP-SBJ the documents) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 Sperry) (ADVP-TMP ultimately) (VP was (VP eliminated (NP-2 *-1) (PP-CLR from (NP the competition)) (PP without (S-NOM (NP-SBJ *-2) (VP receiving (NP the work)))))) .)) (TOP (S (NP-SBJ (NP Documents) (VP filed (NP *) (PP by (NP-LGS prosecutors)))) (VP (ADVP also) indicate (SBAR that (S (NP-SBJ (NP Mr. Lavelle) and (NP his fellow conspirators)) (VP requested and obtained `` (NP (NP approval) (PP of (NP the scheme))) '' (PP-CLR from (NP more-senior Sperry officials)) `` (SBAR-PRP because (S (NP-SBJ (NP the payment) (SBAR (WHNP-1 which) (S (NP-SBJ -LCB- Mr . -RCB- Tomlin) (VP requested (NP *T*-1))))) (VP was (ADJP-PRD so large)))))))) . '')) (TOP (S (NP-SBJ-1 (NP (NP Charles Gardner) , (NP a former Unisys vice president)) , and (NP (NP James Neal) , (NP a former company consultant) ,)) (VP have (VP admitted (S (NP-SBJ *-1) (VP participating (PP-CLR in (NP (NP this) and (NP other bribery schemes))))))) .)) (TOP (S (NP-SBJ Unisys) (VP has (VP said (SBAR that (S (NP-SBJ (NP all) (PP of (NP the company officials)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP participated (PP-CLR in (NP improper activities)))))) (VP have (VP left (NP the company))))))) .)) (TOP (S (NP-SBJ Mr. Lavelle) (VP faces (NP (NP (NP a maximum) (PP of (NP (NP 20 years) (PP-LOC in (NP jail))))) and (NP a (ADJP $ 500,000 *U*) fine))) .)) (TOP (S (NP-SBJ The New York Stock Exchange) (VP said (SBAR 0 (S (NP-SBJ-1 a seat) (VP was (VP sold (NP *-1) (PP-CLR for (NP $ 500,000 *U*)) , (S (NP-SBJ *-1) (ADJP-PRD unchanged (PP from (NP (NP the sale) (NP-TMP Thursday)))))))))) .)) (TOP (S (NP-SBJ-1 Seats) (VP are (VP quoted (NP *-1) (PP-CLR at (NP (NP (NP $ 430,000 *U*) (VP bid)) and (NP (NP $ 525,000 *U*) (VP asked (NP *))))))) .)) (TOP (S (NP-SBJ Bureaucrats) (VP may (VP deserve (NP their bad reputation) , (PP after (NP all)))) .)) (TOP (S (NP-SBJ (NP Matthew Lesko) , (NP (NP something) (PP of (NP (NP a professional defender) (PP of (NP government))))) ,) (VP thought (SBAR 0 (S (NP-SBJ he) (VP had (NP a sure-fire winner) (NP-TMP last summer) (SBAR (WHADVP-1 when) (S (NP-SBJ he) (VP offered (NP $ 5,000 *U*) (PP-CLR for (NP (NP the best `` verifiable story) (PP of (NP (NP 250 words) (QP or less))) (PP about (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ a government bureaucrat) (VP helped (NP you) (ADVP-MNR *T*-2))))))) (ADVP-TMP *T*-1)))))))) . '')) (TOP (S (NP-SBJ He) (VP sent (PRT out) (NP (NP thousands) (PP of (NP news releases))) (PP-CLR from (NP his (NAC-LOC Kensington , Md. ,) office))) .)) (TOP (S (NP-SBJ He) (VP plugged (NP the contest) (PP-LOC (PP on (NP (NP Larry King 's) radio show)) , (PP on (NP (NP Pat Sajak 's) television show)) and (PP on (NP the C-SPAN cable television network)))) .)) (TOP (S (NP-SBJ He) (VP talked (PP-CLR about (NP it)) (PP-LOC in (NP (NP every speech) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP made (NP *T*-2)))))) (SBAR-TMP as (S (NP-SBJ-3 he) (VP (VP roamed (NP the country) (S-ADV (NP-SBJ *-3) (VP promoting (NP (NP his books) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP dispense (NP (NP handy how-to advice) (PP on (S-NOM (NP-SBJ *) (VP using (NP government information) (PP for (NP fun and profit))))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Lesko) (VP figured (SBAR 0 (S (NP-SBJ-1 he) (VP would (VP be (VP flooded (NP *-1) (PP-CLR with (NP entries)) (PP-TMP by (NP now)))))))) .)) (TOP (S-1 (PP After (NP all)) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ we) (VP 've (VP got (NP (QP like 15 million) bureaucrats))) . '')) (TOP (S And (PP in (NP (NP addition) (PP to (NP the $ 5,000 *U*)))) , (NP-SBJ he) (VP has (VP (VP promised (NP the winner) (NP a (NAC-TTL `` My Favorite Bureaucrat '') plaque)) and (VP offered (NP (NP each) (PP of (NP two runners-up))) (NP $ 500 *U*)))) .)) (TOP (S (ADVP-TMP So far) , (ADVP though) , (NP-SBJ Mr. Lesko) (VP has (VP received (NP (QP only one) entry))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP make (S (NP-SBJ matters) (ADJP-PRD worse))))) , (NP-SBJ the lone nomination) (VP came (PP-CLR from (NP (NP another bureaucrat) : (NP (NP A woman) (PP from (NP (NP the New York State Department) (PP of (NP Taxation and Finance)))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP nominated (NP her boss)))))))) .)) (TOP (S (NP-SBJ (NP Mr. Lesko) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP making (NP the rules) (SBAR-TMP as (S (NP-SBJ he) (VP goes))))))) ,) (VP has (VP determined (SBAR that (S (NP-SBJ bureaucrats) (VP are (ADJP-PRD eligible (PP for (NP (NP nomination) (PP by (NP other bureaucrats)))))))))) .)) (TOP (S But (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP would (VP prefer (S (NP-SBJ *-1) (VP to (VP get (NP nominations) (PP from (NP rank-and-file folks)))))))))) .)) (TOP (S (NP-SBJ He) (VP admits (SBAR that (S (NP-SBJ he) (VP has n't (VP had (NP (NP much luck) (S-NOM (NP-SBJ *) (VP generating (NP (NP free publicity) (PP for (NP his contest))))))))))) .)) (TOP (S (NP-SBJ (NP Newspapers) , (PP including (NP this one)) ,) (VP have (VP (ADVP generally) ignored (NP his news releases))) .)) (TOP (S (NP-SBJ Talk show hosts) (VP (ADVP-MNR quickly) change (NP the topic)) .)) (TOP (S But (NP-SBJ-1 (NP Mr. Lesko 's) staff) (VP is (VP beginning (S (NP-SBJ *-1) (VP to (VP wonder (SBAR-NOM whether (S (NP-SBJ there) (VP is n't (NP-PRD (NP some larger phenomenon) (VP foiling (NP the contest))))))))))) .)) (TOP (SINV `` (SQ-TPC-1 Is (NP-SBJ the government) not (VP helping (NP anybody))) ? '' (VP asks (SQ *T*-1)) (NP-SBJ (NP Toni Murray) , (NP (NP an assistant) (PP to (NP Mr. Lesko)))) .)) (TOP (S (NP-SBJ (NP Mr. Lesko) (NP himself)) (VP is n't (ADVP-TMP yet) (ADJP-PRD prepared (S (NP-SBJ *) (VP to (VP accept (NP that explanation)))))) .)) (TOP (S (S-TPC-2 `` (NP-SBJ-1 People) (VP hate (S (NP-SBJ *-1) (VP to (VP write)))) , '') (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S `` (ADVP Maybe) (NP-SBJ people) (VP do n't (VP believe (SBAR 0 (S (NP-SBJ-1 I) (VP want (S (NP-SBJ *-1) (VP to (VP give (NP this money) (ADVP-CLR away))))))))) . '')) (TOP (S (ADVP Maybe) (NP-SBJ Americans) (VP are (ADJP-PRD (ADJP just so annoyed (PP with (NP government))) (SBAR that (S (NP-SBJ they) (VP are n't (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *) (VP admitting (SBAR that (S (NP-SBJ bureaucrats) (VP come (PRT in) (ADVP-CLR handy) (ADVP-TMP once (PP in (NP a while))))))))))))))) .)) (TOP (S-2 (SBAR-ADV If (S (NP-SBJ he) (VP sponsored (NP (NP a contest) (PP on (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ a bureaucrat) (VP mishandled (NP something) (ADVP-MNR *T*-1))))))))) (PRN , (S (NP-SBJ Mr. Lesko) (VP admits (SBAR 0 (S *T*-2))))) , `` (NP-SBJ I) (VP 'd (VP get (NP 5,000 entries))) . '')) (TOP (S (ADVP Now) (NP-SBJ there) (VP 's (NP-PRD an idea)) .)) (TOP (S (NP-SBJ (NP Ford Motor Co.) and (NP (NP Saab-Scania AB) (PP of (NP Sweden)))) (VP broke (PRT off) (NP (NP talks) (PP about (NP a possible alliance))) (SBAR-TMP after (S (NP-SBJ Ford officials) (VP concluded (SBAR that (S (NP-SBJ the cost (S (NP-SBJ *) (VP to (VP modernize (NP (NP Saab 's) car operations))))) (VP would (VP outweigh (NP the likely return))))))))) .)) (TOP (S (PP With (NP (NP the collapse) (PP of (NP the talks)) (NP-TMP Friday))) , (NP-SBJ European analysts) (VP expect (S (NP-SBJ Ford) (VP to (VP intensify (NP (NP its pursuit) (PP of (NP (NP British luxury car maker) (NP (NP Jaguar PLC) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (VP scrambling (S (NP-SBJ-3 *-2) (VP to (VP fend (PRT off) (NP a hostile Ford bid) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP negotiating (NP (NP a friendly alliance) (PP with (NP (NP (NP Ford 's) archrival) , (NP General Motors Corp)))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Saab) , (ADVP-TMP meanwhile) , (VP is (VP left (S (NP-SBJ *-1) (VP to (VP continue (NP (NP its search) (PP for (NP (NP an ally) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP shore (PRT up) (NP its sagging car business))))))))))))) .)) (TOP (S (NP-SBJ Saab) (VP said (NP-TMP last week) (SBAR 0 (S (NP-SBJ-2 it) `` (VP (VP has (VP had (NP *RNR*-1))) and (VP will (VP continue (S (NP-SBJ *-2) (VP to (VP have (NP *RNR*-1)))))) (NP-1 (NP contacts) (PP with (NP other manufacturers))))))) . '')) (TOP (S (SINV-TPC-2 (PP-TPC-LOC-PRD-1 Among (NP the possible suitors)) (VP is (PP-LOC-PRD *T*-1)) (NP-SBJ (NP Italy 's) Fiat S.p . A)) , (NP-SBJ analysts) (VP said (SINV *T*-2) (NP-TMP last week)) .)) (TOP (S (NP-SBJ-2 Ford and Saab officials) (VP declined (S (NP-SBJ *-2) (VP to (VP elaborate (ADVP-MNR publicly) (PP-CLR on (NP (NP the announcement (SBAR *ICH*-3)) (NP-TMP Friday) (SBAR-3 that (S (NP-SBJ-4 their negotiations) (VP failed (S (NP-SBJ *-4) (VP to (VP yield (NP (NP an agreement) (SBAR `` (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP make (NP long-term business sense) (PP-CLR to (NP both parties))))))))))))))))))) . '')) (TOP (S (NP-SBJ (NP Individuals) (ADJP close (PP to (NP (NP the Ford side) (PP of (NP the negotiations)))))) (VP said (NP-TMP late last week) (SBAR that (S (NP-SBJ the No. 2 U.S. auto maker) (VP lost (NP interest) (SBAR-TMP as (S (NP-SBJ it) (VP became (ADJP-PRD clear (SBAR that (S (NP-SBJ (NP the Swedish auto maker 's) automotive operations) (VP had (NP (NP little) (VP to (VP offer (PP in (NP (NP the way) (PP of (NP image or technology)))))))))))))))))) .)) (TOP (S (NP-SBJ Ford) (ADVP originally) (VP had (VP seen (NP a Saab alliance) (PP-CLR as (NP a way (S (NP-SBJ *) (VP to (VP expand (NP (NP its presence) (PP-LOC in (NP the (UCP European and U.S.) luxury car markets)))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Ford and Saab) (VP had (VP discussed (NP (NP a possible link) (PP between (NP their heavy truck operations))))) .)) (TOP (S But (NP-SBJ (NP the talks) (PP on (NP a heavy truck alliance))) (ADVP apparently) (VP did n't (VP go (ADVP-DIR far))) .)) (TOP (S (NP-SBJ Some European analysts) (VP speculated (SBAR that (S (NP-SBJ (NP officials) (PP of (NP (NP Saab 's) (ADJP highly profitable) Scania truck operation))) (VP balked (PP-CLR at (S-NOM (NP-SBJ *) (VP surrendering (NP (NP any) (PP of (NP their autonomy)))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ Ford officials) (VP became (ADJP-PRD convinced (SBAR 0 (S (NP-SBJ-2 they) (VP could n't (VP expect (S (NP-SBJ *-2) (VP to (VP recover (NP (NP the investment) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP would (VP require (NP *T*-1) (S-PRP (NP-SBJ *) (VP to (VP make (S (NP-SBJ (NP Saab 's) cars) (ADJP-PRD competitive (PP in (NP the increasingly crowded luxury market))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Saab 's) problems) (VP were (VP underscored (NP *-1) (NP-TMP Friday) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the company) (VP announced (SBAR that (S (NP-SBJ its car division) (VP had (NP (NP a (NP (ADJP (ADJP (QP 1.2 billion) kronor) -LRB- (ADJP (QP $ 186.1 million) *U*) -RRB-)) loss) (PP-TMP during (NP (NP the first eight months) (PP of (NP this year)))) , (ADJP (ADJP slightly worse) (SBAR than (S (NP-SBJ Saab-Scania) (VP had (VP forecast (PP-LOC in (NP its first-half report)) (NP-TMP last month))))))) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (ADVP Overall) , (NP-SBJ (NP (NP Saab-Scania 's) pretax profit) (PP-TMP during (NP (NP the first eight months) (PP of (NP the year))))) (VP plunged (NP-EXT 48.9 %) (PP-DIR (PP to (NP (NP (QP 1 billion Swedish) kronor) -LRB- (NP (QP $ 155.1 million) *U*) -RRB-)) (PP from (NP (NP (QP 1.96 billion) kronor) -LRB- (NP (QP $ 303.9 million) *U*) -RRB-) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ (NP Industry analysts) (PP-LOC in (NP Europe))) (VP said (SBAR 0 (S (NP-SBJ (NP the (ADJP most likely) suitor) (PP for (NP Saab))) (ADVP-TMP now) (VP is (NP-PRD Fiat))))) .)) (TOP (S (NP-SBJ-2 Saab and Fiat) (VP (VP have (VP worked (ADVP-CLR together) (PP-TMP in (NP the past)))) , (S-ADV (PP in (NP one case)) (NP-SBJ *-2) (VP developing (ADVP jointly) (NP (NP a new auto chassis) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP became (NP-PRD (NP the foundation) (PP of (NP (NP (NP Saab 's) 9000 model) , (NP (NP Fiat 's) Croma) and (NP (NP Lancia 's) Thema))))))))))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ Saab-Scania Chief Executive Georg Karnsund) (VP said (SBAR 0 (S (NP-SBJ his company) (VP has (VP had (NP (NP talks) (PP with (NP Fiat)) (PP about (NP a broader alliance)))))))) .)) (TOP (S (S-TPC-2 But (NP-SBJ the talks) (VP yielded (NP `` (NP nothing) (ADJP (ADJP so advanced) (SBAR that (S (NP-SBJ-1 we) (VP needed (S (NP-SBJ *-1) (VP to (VP make (NP a public announcement) (PP about (NP it)))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (PP As (PP for (NP Ford))) , (NP-SBJ analysts) (VP expect (SBAR 0 (S (NP-SBJ (NP the end) (PP of (NP the Saab play))) (VP will (VP allow (S (NP-SBJ the U.S. auto maker) (VP to (VP focus (NP its resources) (PP-LOC-CLR on (NP (NP the intensifying struggle) (PP with (NP GM)) (PP for (NP (NP a stake) (PP-LOC in (NP Jaguar)))))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The failure) (PP of (NP the Saab talks))) `` (VP makes (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (ADJP-PRD even more crucial) (SBAR-2 for (S (NP-SBJ -LCB- Ford -RCB-) (VP to (VP be (ADJP-PRD victorious '' (PP in (NP the Jaguar contest)))))))))) , (VP said (S *T*-1)) (NP-SBJ (NP Stephen Reitman) , (NP (NP European auto industry analyst) (PP-LOC at (NP (NP UBS-Phillips & Drew) (PP-LOC in (NP London)))))) .)) (TOP (S (NP-SBJ Ford) (VP faces (NP (NP an uphill fight) (PP for (NP Jaguar))) , (ADVP however)) .)) (TOP (S (NP-SBJ Jaguar executives) (VP said (NP-TMP last week) (SBAR 0 (S (NP-SBJ-1 they) (VP expect (S (NP-SBJ *-1) (VP to (VP have (S (NP-SBJ (NP a friendly alliance) (PP with (NP GM))) (VP wrapped (PRT up))) (PP-TMP by (NP (NP the end) (PP of (NP the month))))))))))) .)) (TOP (S (NP-SBJ GM) , (ADVP-TMP meanwhile) , (VP is (VP hosting (NP (NP a delegation) (PP of (NP (NP members) (PP of (NP the British Parliament)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (VP touring (NP (NP (NP the auto maker 's) headquarter operations) (PP-LOC in (NP Detroit)))))))))))) .)) (TOP (S (NP-SBJ A GM spokesman) (VP said (SBAR 0 (S (NP-SBJ the visit) (VP is n't (ADJP-PRD connected (PP to (NP the Jaguar situation))))))) .)) (TOP (S But (NP-SBJ Ford) (VP (ADVP clearly) views (NP Jaguar) (PP-CLR as (NP (NP a prize) (PP worth (S-NOM (NP-SBJ *) (VP fighting (PP for (NP *?*))))))) , (SBAR-PRP since (S (NP-SBJ (NP the company 's) gilded brand image) (VP would (VP give (NP Ford) (NP (NP a (ADJP badly needed) leg up) (PP-LOC in (NP (NP the high end) (PP of (NP (NP the luxury markets) (PP in (NP both (NP Europe) and (NP the U.S))))))))))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ Ford) (VP encountered (NP (NP a setback) (PP in (NP its effort (S (NP-SBJ *) (VP to (VP broaden (NP its U.S. luxury offerings))))))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 it) (VP was (VP forced (S (NP-SBJ *-2) (VP to (VP abandon (NP a four-year-old effort (S (NP-SBJ *) (VP to (VP market (NP its German-built Scorpio sedan) (PP-LOC in (NP the U.S.)) (PP-CLR as (NP (NP a luxury import) (PP under (NP the Merkur brand name))))))))))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (ADVP So) (PP despite (NP the GM-Jaguar romance)) , (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ Ford) (PP-TMP by (NP last Friday)) (VP had (VP boosted (NP its Jaguar holding) (PP-DIR to (NP (NP (QP about 11) %) (PP of (NP (NP (NP the luxury auto maker 's) shares) (ADJP outstanding))))) (PP-DIR from (NP 10.4 %) (ADVP-TMP early last week))))))) .)) (TOP (S (S (NP-SBJ (QP About 5.4 million) Jaguar shares) (VP changed (NP hands) (PP-LOC in (NP (NP active trading) (PP-LOC on (NP (NP London 's) stock exchange)) (NP-TMP Friday))))) , and (S (NP-SBJ Jaguar shares) (VP moved (ADVP-DIR up (NP-EXT 19 pence)) (PP-DIR to (NP (NP 696 pence) -LRB- (NP $ 11 *U*) -RRB-)))) .)) (TOP (S (PP-LOC On (NP the U.S. over-the-counter market)) , (NP-SBJ (NP Jaguar 's) American depositary receipts) (VP rose (NP-EXT 12.5 cents) (PP-DIR to (NP $ 11.125 *U*))) .)) (TOP (S (NP-SBJ Joann S. Lublin) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ-1 The Dallas Cowboys) (VP are (VP looking (PP-CLR at (NP a long-yardage situation)) , (S-ADV (NP-SBJ-2 *-1) (VP struggling (S (NP-SBJ *-2) (VP to (VP pull (ADVP-CLR ahead (PP of (NP the Atlanta Falcons)))))))))) .)) (TOP (S (PP-LOC Up (PP in (NP his stadium box))) , (NP-SBJ (NP their (ADJP new and controversial) owner) , (NP Jerral `` Jerry '' Jones) ,) (VP watches (ADVP-MNR anxiously) (SBAR-TMP as (S (NP-SBJ the team) (VP bounds (PP-DIR up (PP to (NP the scrimmage line))))))) .)) (TOP (S (NP-SBJ Mr. Jones) (VP takes (NP-CLR heart)) .)) (TOP (S (NP-SBJ There) (PP-LOC in (NP (NP the center) (PP of (NP the pack)))) (VP is (NP-PRD (NP quarterback Troy Aikman) , (NP (NP the key) (PP to (NP (NP the Cowboys ') comeback strategy))))) .)) (TOP (FRAG (ADJP So key) , (PP in (NP fact)) , (SBAR that (S (S (NP-SBJ Mr. Jones) (VP (VP signed (NP him) (PP-TMP in (NP April)) (PP-CLR for (NP (QP $ 11.4 million) *U*)) (PP-TMP over (NP the next six years))) -- (NP (NP a record) (PP for (NP a rookie))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ He) (VP 's (NP-PRD a genuine Wheaties-box athlete)) , '') (VP gushes (S *T*-1)) (NP-SBJ Mr. Jones) .)) (TOP (S (PP With (NP (NP three minutes) (ADJP left (PP-LOC on (NP the clock))))) , (NP-SBJ Mr. Aikman) (VP (VP takes (NP the snap)) , (VP steps (ADVP-DIR back)) and (VP fires (NP a 21-yard pass) -- (PP-DIR straight into (NP (NP the hands) (PP of (NP an Atlanta defensive back)))))) .)) (TOP (S (S (NP-SBJ The crowd) (VP groans)) , (S (NP-SBJ Mr. Jones) (VP shakes (NP his head))) , (S (NP-SBJ the Cowboys) (VP lose (NP the game))) .)) (TOP (S (PP-TMP (NP A few days) after (NP that Sept. 17 game)) , (NP-SBJ Mr. Aikman) (VP broke (NP a finger) , (S-ADV (NP-SBJ *) (VP sidelining (NP him) (PP-TMP for (NP weeks))))) .)) (TOP (FRAG (INTJ Ah) , (NP (NP the glamour) (PP of (NP professional sports))) .)) (TOP (S (PP For (NP Mr. Jones)) , (S-NOM-SBJ (NP-SBJ *) (VP losing (NP his quarterback) (ADVP-TMP temporarily))) (VP was (NP-PRD (NP just the latest) (PP in (NP (NP a string) (PP of (NP setbacks)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP (VP (VP beset (NP-2 the Dallas Cowboys) (PP-TMP *NOT*)) -- and , (VP (NP-TMP this year) , (NP=2 (NP much) (PP of (NP the National Football League))))))))))))) .)) (TOP (S (S (NP-SBJ *-1) (ADJP-PRD Once fat and happy)) , (NP-SBJ-1 the Cowboys) (ADVP-TMP now) (VP are (VP losing (NP games , fans and money))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ the team) (VP ended (PRT up) (NP (NP (QP $ 2 million) *U*) (PP in (NP (NP the red) (PP on (NP (NP (QP $ 30 million) *U*) (PP in (NP revenue)))))))) .)) (TOP (S (NP-SBJ It) (VP has (NP (NP some) (PP of (NP (NP the highest costs) (PP-LOC in (NP the league)))))) .)) (TOP (S (NP-SBJ Its attendance) (VP is (ADVP-PRD off (NP-EXT 23 %) (PP-TMP from (ADVP (NP six years) ago)))) .)) (TOP (S (PP At (NP the very least)) , (NP-SBJ (NP Mr. Jones) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP cultivates (NP the society circuit) (ADVP (ADVP as eagerly) (PP as (NP his bench)))))) ,) (VP can (VP take (NP-CLR comfort) (PP-CLR in (NP (NP one fact) : (S (NP These days) , (NP-SBJ he) (VP is n't (ADJP-PRD alone))))))) .)) (TOP (S (NP-SBJ (NP (QP Nearly half) the owners) (PP of (NP the 28 National Football League teams))) (VP (VP are (VP losing (NP money))) , (NP (NP the result) (PP of (NP (NP flat attendance) , (NP aging stadiums) and (PRN -- (ADJP (ADJP more) (PP than (NP anything))) --) (NP (NP skyrocketing salaries) (PP for (NP (NP star players) (PP like (NP Mr. Aikman))))))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ (NP the (QP top 12) players) (PP on (NP each NFL team))) (VP took (ADVP-DIR home) (NP (NP an average $ 536,000 *U*) , (NP (NP a figure) (ADJP (ADJP comparable (PP to (NP baseball))) and (ADJP (ADJP higher) (PP than (PP in (NP basketball)))))))) .)) (TOP (S (S (NP-SBJ First-round draft picks) (VP have (VP done (ADJP even better)))) : (S (NP-SBJ (NP Average salaries and bonuses) (PP for (NP them))) (VP rose (PP-DIR to (NP $ 685,000 *U*)) (NP-TMP this year) , (ADVP-CLR up (NP-EXT 44 %) (PP-TMP from (NP 1987))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ It) (VP 's (NP-PRD a vicious circle)) , '') (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Art Modell) , (NP (NP owner) (PP of (NP the Cleveland Browns)))) .)) (TOP (S `` (S (NP-SBJ One team) (VP pays (NP so much))) and (S (NP-SBJ the other) (VP pays (NP more))) .)) (TOP (S (NP-SBJ We) (ADVP just) (VP do n't (VP have (NP (NP that kind) (PP of (NP income stream))))) . '')) (TOP (S (NP-SBJ All this) (VP is (VP causing (NP convulsions) (PP-LOC in (NP professional football)))) .)) (TOP (S (NP-SBJ (NP Owners) (ADJP , largely complacent (PP-TMP in (NP the past)) ,)) (VP (VP are (ADVP-TMP now) (VP (ADVP-MNR almost desperately) looking (PP-CLR for (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP (VP lower (NP costs)) and (VP raise (NP revenue)) (ADVP-MNR *T*-1))))))))) -- (S-ADV (NP-SBJ *) (VP embracing (NP some revolutionary ideas) (PP-TMP in (NP the process))))) .)) (TOP (S (PP Though (ADVP not intentionally)) , (NP-SBJ-1 (NP the Cowboys ') Mr. Jones) (VP has (VP come (S (NP-SBJ *-1) (VP to (VP represent (NP (NP this new breed) (PP of (NP owner)))))))) .)) (TOP (S (UCP (PP-TMP Shortly after (S-NOM (NP-SBJ *) (VP buying (NP (NP 66 %) (PP of (NP the team))) (PP-CLR from (NP H.R. `` Bum '' Bright)) (PP-CLR for (NP (QP $ 145 million) *U*))))) , and (ADJP mindful (PP of (NP (NP the Cowboys ') ragged bottom line))) ,) (NP-SBJ the 47-year-old (NP Mr. Jones)) (VP set (PP-CLR about (NP (NP his own round) (PP of (NP team cuts))))) .)) (TOP (S (ADVP-TMP First) , (NP-SBJ he) (VP (ADVP-MNR unceremoniously) sacked (NP (NP Tom Landry) , (NP (NP the legendary coach) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP took (NP the Cowboys) (PP-DIR to (NP (NP five Super Bowls) and (NP 20 consecutive winning seasons))))))))) .)) (TOP (S (PP-LOC In (NP Dallas)) , (NP-SBJ Mr. Landry) (VP has (NP (NP a standing) (ADJP just shy (PP of (NP sainthood))))) .)) (TOP (S (S (NP-SBJ Anti-Jones sentiment) (VP flooded (NP the local press))) : (S (SINV (FRAG-TPC-1 (NP `` A crude obnoxious hick , '')) (VP said (FRAG *T*-1)) (NP-SBJ one writer)) ; (SINV (FRAG-TPC-2 (NP `` a real oink , '')) (VP said (FRAG *T*-2)) (NP-SBJ another)) ; (SINV (SBARQ-TPC-4 `` (WHNP-3 (WHNP Who) (PP in (NP the hell))) does (SQ (NP-SBJ he) (VP think (SBAR 0 (S (NP-SBJ he) (VP is (NP-PRD *T*-3)))))) ? '') (VP wrote (SBARQ *T*-4)) (NP-SBJ a third))) .)) (TOP (S (PP For (NP Mr. Jones)) , (NP-SBJ it) (VP was (NP-PRD just the beginning)) .)) (TOP (S (NP-SBJ He) (VP (VP (ADVP-MNR quickly) cut (NP (NP the team 's) bloated administrative staff) (PP-CLR by (NP half))) , (VP shut (PRT down) (NP a Cowboys-owned dance academy)) and (VP , (PP-TMP in (NP July)) , announced (NP plans (S (NP-SBJ *) (VP to (VP sell (NP (NP Valley Ranch) , (NP (NP (NP the team 's) 30-acre practice camp) and (NP (NP the (ADJP most lavish) training facility) (PP-LOC in (NP the NFL))))))))))) .)) (TOP (S (NP-SBJ Mr. Jones) (VP calls (S (NP-SBJ the ranch) `` (NP-PRD (NP the Pentagon) (PP of (NP Sportdom))))) . '')) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP a maze) (PP of (NP halls)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP connects (NP (NP (NP film rooms) , (NP elaborate spas) and (NP weight-training centers)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP testify (PP-CLR to (NP a richer , more free-spending era))))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP likes (S (NP-SBJ *-1) (VP to (VP tell (NP (NP the yarn) (PP of (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ he) (VP (VP got (ADJP-PRD lost) (PP-LOC on (NP the expansive ranch)) (PP-TMP during (NP an early visit))) , (VP took (NP refuge) (PP-LOC in (NP an office))) and (VP called (NP the front desk) (PP for (NP help))) (ADVP *T*-2)))))))))) .)) (TOP (S `` (NP-SBJ I) (VP said , (S ` (NP-SBJ Somebody) (VP come (VP get (NP me))))) .)) (TOP (S (NP-SBJ I) (VP 'm (PP-LOC-PRD at (NP extension 29))) . ' '')) (TOP (S (PP With (S-NOM (NP-SBJ a new day) (VP dawning (PP-LOC-CLR on (NP the sport))))) , (NP-SBJ Mr. Jones) (VP does n't (VP see (NP (NP a place) (PP for (NP (NP this sort) (PP of (NP luxury))))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ It) (VP 's (ADJP-PRD just not cost efficient)) , '') (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ The place) (VP costs (NP (NP (QP nearly $ 2 million) *U*) (NP-ADV a year)) (S-PRP (NP-SBJ *) (VP to (VP maintain)))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ he) (VP sells (NP it) (ADVP-TMP *T*-1)))) (PRN , (S (NP-SBJ he) (VP says)) ,) (NP-SBJ the Cowboys) (VP will (VP move (PP-DIR to (NP (NP a (ADJP more practical (PRN -- (S (NP-SBJ *) (VP read (ADJP affordable))) --)) grass practice field) (PP-LOC near (NP Texas Stadium)))))) .)) (TOP (S And (PP as (PP for (NP Tom Landry))) , (INTJ well) , (PP in (NP (NP Mr. Jones 's) mind)) , (NP-SBJ he) (VP had (VP played (PRT out) (NP his winning years))) .)) (TOP (S (S-TPC-1 (PP-TMP After (S-NOM (NP-SBJ *) (VP posting (NP losing seasons) (PP-TMP in (NP (NP each) (PP of (NP the last three years))))))) , (NP-SBJ the Cowboys) (VP needed (NP a change))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Football) (VP has (VP (ADVP-TMP long) been (NP-PRD (NP Mr. Jones 's) passion) , (PP-LOC both on and off (NP the field)))) .)) (TOP (S (S (NP-SBJ *-2) (NP-PRD An Arkansas native)) , (NP-SBJ-2 he) (VP started (PP at (NP guard)) (PP-LOC on (NP (NP the undefeated 1964 (NAC University (PP of (NP Arkansas))) team) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP won (NP a national championship))))))) .)) (TOP (S (PP-TMP After (NP college)) , (NP-SBJ he) (VP (VP worked (PP-LOC at (NP (NP (NP his father 's) insurance company) (PP-LOC in (NP Little Rock))))) , and (VP (PP-TMP in (NP 1966)) led (NP an aborted attempt (S (NP-SBJ *) (VP to (VP buy (NP the San Diego Chargers))))))) .)) (TOP (S (ADVP-TMP (NP Years) later) , (PP with (NP (NP cash) (PP from (NP (NP the sale) (PP of (NP the insurance company)))))) , (NP-SBJ he) (VP founded (NP (NP Arkoma Production Corp.) , (NP (NP an oil and gas exploration company) (VP based (NP *) (PP-LOC-CLR in (NP Little Rock)))))) .)) (TOP (S (ADVP So) (NP-SBJ it) (VP was n't (ADJP-PRD surprising (SBAR that (S (NP-SBJ Mr. Jones) (VP returned (PP-DIR to (NP his Arkansas roots)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 he) (VP went (S (NP-SBJ *-2) (VP looking (PP-CLR for (NP (NP a replacement) (PP for (NP Mr. Landry)))) (ADVP-TMP *T*-1))))))))))) .)) (TOP (S (NP-SBJ He) (VP tapped (NP (NP Jimmy Johnson) , (NP (NP (NP a teammate) (PP on (NP the 1964 (NAC University (PP of (NP Arkansas))) squad))) and (NP (NP the head coach) (PP-LOC at (NP (NP the University) (PP of (NP Miami)) , (SBAR (WHADVP-1 where) (S (NP-SBJ he) (VP led (NP the Hurricanes) (PP-CLR to (NP (NP five winning seasons) and (NP (NP a national championship) (PP-TMP in (NP 1987))))) (ADVP-LOC *T*-1)))))))))) .)) (TOP (S (SBAR-ADV Whatever (FRAG (NP (NP Mr. Johnson 's) talents))) , (PP-LOC in (NP (NP the hearts and minds) (PP of (NP many Dallas fans)))) , (NP-SBJ he) (VP is (NP-PRD no Tom Landry)) .)) (TOP (S (NP-TMP (NP Seven games (PRN -LRB- and , (PP-TMP after (NP (NP a loss) (PP to (NP the Kansas City Chiefs))) (NP-TMP yesterday)) , (NP seven losses) -RRB-)) (PP into (NP the season))) , (NP-SBJ the `` new '' Cowboys) (VP are n't (VP doing (ADVP (ADVP any better) (PP than (NP the old))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ (NP the last time) (SBAR (WHADVP-1 0) (S (NP-SBJ they) (VP played (ADVP-MNR this badly) (ADVP *T*-1))))) (VP was (PP-TMP-PRD in (NP (NP 1960) , (NP their opening season)))) .)) (TOP (S (NP-SBJ (NP (NP Average attendance) (PP-LOC at (NP their games))) , (NP (NP (QP about 49,000)) (NP-TMP last year)) ,) (VP continues (ADVP-CLR flat)) .)) (TOP (S (NP-SBJ Mr. Jones) (VP is (VP attacking (NP the problem) (PP on (NP several fronts)))) .)) (TOP (S (NP-SBJ-1 He) (VP continues (S (NP-SBJ *-1) (VP to (VP reshuffle (NP the team)))) , (S-ADV (NP-SBJ *-1) (VP trading (NP famed running back Herschel Walker) (PP-DTV to (NP the Minnesota Vikings)) (NP-TMP this month) (PP-CLR for (NP (NP a slew) (PP of (NP (NP players) and (NP future draft picks)))))))) .)) (TOP (S (S-PRP (NP-SBJ-2 *-1) (VP To (VP try (S (NP-SBJ *-2) (VP to (VP draw (NP more fans))))))) , (NP-SBJ-1 he) (VP has (VP dropped (NP end-zone ticket prices) (PP-DIR from (NP $ 25 *U*)) (PP-DIR to (NP $ 19 *U*)))) .)) (TOP (S But (S (NP-SBJ (NP the general trend) , (PP given (NP (NP rising costs) (PP-LOC in (NP the league)))) ,) (VP has (VP been (S-PRD (NP-SBJ *) (VP to (VP raise (NP prices))))))) , and (S (NP-SBJ-1 Mr. Jones) (VP is (VP expected (S (NP-SBJ *-1) (VP to (ADVP-TMP eventually) (VP follow (NP suit))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP 's (ADJP-PRD simple)) ,) '' (VP says (S *T*-2)) (NP-SBJ (NP Lamar Hunt) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP owns (NP the Kansas City Chiefs)) and (VP (NP-TMP last year) raised (NP ticket prices) (PP-CLR by (NP $ 2.40 *U*)) (PP-DIR to (NP an average $ 17 *U*))))))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ we) (VP did n't (VP increase (NP prices))))) , (NP-SBJ we) (VP 'd (VP be (PP-PRD in (NP the red)))) . '')) (TOP (S (S (NP-SBJ Mr. Jones) (VP has (ADVP also) (VP beefed (PRT up) (NP his marketing staff) (S-PRP (NP-SBJ *) (VP to (VP sell (NP (NP the 118 luxury suites) (VP topping (NP Texas Stadium))))))))) (PRN -LRB- (S (NP-SBJ (NP his deal) (PP with (NP Bum Bright))) (VP included (NP (NP operating rights) (PP for (NP the stadium))))) -RRB-) .)) (TOP (S (NP-SBJ The suites) (VP (VP are (ADJP-PRD air-conditioned)) , (VP have (NP (NP wet bars) and (NP plush seating))) , and (VP offer (NP (NP a clear view) (PP of (NP the field)))) -- (PP (NP all) for (NP (NP a sale price) (PP of (NP (NP (QP $ 475,000 to $ 1 million) *U*) , (PP depending (PP on (NP their size and location)))))))) .)) (TOP (S (NP-SBJ-2 Mr. Jones) (VP (VP has (VP been (VP taking (NP prospective suite owners) (PP-LOC-CLR onto (NP the field)) (PP-TMP during (NP practice)) (S-PRP (NP-SBJ *-2) (VP to (VP let (S (NP-SBJ them) (VP rub (NP elbows) (PP-CLR with (NP players)))))))))) , and (VP promises (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP actually) (VP buy (NP (NP one) (PP of (NP the rooms))))))) (NP (NP (NP an insider 's) look) (PP at (NP (NP the team 's) strategy)) (PP-TMP before (NP game time))))) .)) (TOP (S (S (NP-SBJ-2 The sales job) (VP seems (S (NP-SBJ *-2) (VP to (VP be (VP paying (PRT off))))))) : (S (SBAR-ADV (WHADVP-3 When) (S (NP-SBJ he) (VP bought (NP the team) (ADVP-TMP *T*-3)))) , (NP-SBJ-1 (NP only six) (PP of (NP the suites))) (VP had (VP been (VP sold (NP *-1))))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ 30) (VP have (VP *?*)) .)) (TOP (S (NP-SBJ Gate receipts) (VP are (ADVP only) (NP-PRD (NP (NP the Cowboys ') second largest source) (PP of (NP cash)))) .)) (TOP (S (NP-SBJ The biggest) (VP is (NP-PRD (NP (NP the NFL 's) contract) (PP with (NP national television)) (PP for (NP (NP broadcast) (PP of (NP (NP the league 's) games)))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ (NP (NP the Cowboys ') share) (PP of (NP that pie))) (VP came (PP-CLR to (NP (QP $ 17.6 million) *U*))) .)) (TOP (S (NP-SBJ The team) (VP (ADVP additionally) earns (PP between (NP (QP $ 2 million and $ 4 million) *U*)) (PP-CLR for (NP local radio and television broadcast rights))) .)) (TOP (S (NP-SBJ-1 Mr. Jones) (VP is (ADVP-TMP currently) (VP trying (S (NP-SBJ *-1) (VP to (VP jack (PRT up) (NP (NP the price) (PP for (NP those local rights)))))))) .)) (TOP (S (NP-SBJ-2 He) (VP is (ADVP also) (VP trying (S (NP-SBJ *-2) (VP to (VP get (S (NP-SBJ (NP more stations) (PP-LOC in (NP (NP Mexico) , (SBAR (WHADVP-1 where) (S (NP-SBJ the Cowboys) (VP have (NP a following) (ADVP-LOC *T*-1)))) ,))) (VP to (VP pick (PRT up) (NP the games))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Jones) , (SBAR (WHNP-2 whose (NP (NP twangy voice) and (NP folksy ways))) (S (NP-SBJ *T*-2) (VP belie (NP (NP an intense businessman) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP works (NP 16-hour days)))))))) ,) (VP is (VP resigned (NP *-1) (PP-CLR to (NP (NP the hefty salaries) (SBAR (WHNP-4 0) (S (NP-SBJ he) (VP pays (NP his players) (NP *T*-4) (NP-TMP these days)))))))) .)) (TOP (S (NP-SBJ He) (VP (VP calls (S (NP-SBJ the contracts) `` (ADJP-PRD critical (PP to (S-NOM (NP-SBJ *) (VP winning (PP-LOC in (NP the NFL)))))) '')) and (VP has (VP played (NP (NP his part) (PP-LOC in (NP the bidding wars)))))) .)) (TOP (S (PP Besides (S-NOM (NP-SBJ *-1) (VP signing (NP Mr. Aikman) (PP-CLR to (NP a sizable contract))))) , (NP-SBJ-1 Mr. Jones) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP pay (NP rookie quarterback Steve Walsh) (NP (QP $ 4.1 million) *U*) (PP-TMP over (NP the next four years))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ This wage inflation) (VP is (VP bleeding (S (NP-SBJ the NFL) (ADJP-PRD dry))))) , (NP-SBJ the owners) (VP contend (S *T*-1)) .)) (TOP (SINV (S-TPC-4 (ADVP Soon) , (NP-SBJ-2 only large corporations) (VP will (VP be (ADJP-PRD able (S (NP-SBJ-3 *-2) (VP to (VP afford (S (NP-SBJ *-3) (VP to (VP buy and run (NP football teams))))))))))) , (VP predicts (SBAR 0 (S *T*-4))) (NP-SBJ (NP John J. Veatch Jr.) , (NP (NP an investment banker) (PP with (NP Salomon Brothers)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP handled (NP the Cowboys sale)))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP tackle (NP the problem)))) , (NP-SBJ-1 NFL owners) (VP have (VP proposed (S (NP-SBJ *-1) (VP setting (NP a rookie wage scale) (S-PRP (NP-SBJ-2 *) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP rein (PRT in) (NP salaries))))))))))) .)) (TOP (S (S (NP-SBJ (NP Details) (PP of (NP (NP the plan) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP would (VP go (PP-CLR into (NP effect)) (PP-TMP in (NP 1993)))))) ,))) (VP are (ADJP-PRD sketchy))) , but (S (NP-SBJ-1 each player) (VP would (ADVP apparently) (VP be (VP paid (NP *-1) (NP (NP a base salary) (VP keyed (NP *) (PP-CLR to (NP his position and ability)))))))) .)) (TOP (S (NP-SBJ Bonuses) (VP would (VP be (VP paid (S-MNR (NP-SBJ *) (VP based (PP-CLR on (NP (NP playing time) and (NP performance)))))))) .)) (TOP (S (NP-SBJ The NFL Players Association) , (ADVP-TMP meanwhile) , (VP contends (SBAR (SBAR that (S (NP-SBJ-1 athletes) (VP are (VP paid (NP *-1) (NP (NP a wage) (ADJP commensurate (PP with (NP their ability (S (NP-SBJ *) (VP to (VP draw (NP fans)))))))))))) , and (SBAR that (S (NP-SBJ some owners) (VP are (PP-PRD in (NP financial trouble)) (PP-PRP because of (NP (NP poor business management) , not (NP (NP players ') salaries)))))))) .)) (TOP (S (NP-SBJ-1 The owners) (VP are (VP trying (S (NP-SBJ *-1) (VP to (VP boost (NP profit) (PP-MNR in (NP other ways))))) , (ADVP too))) .)) (TOP (S (NP-SBJ Many) (VP (VP have (VP launched (NP (NP promotions) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP attract (NP new fans)))))))) and (VP are (VP renegotiating (NP dated stadium contracts)))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP the owners))) (VP must (VP pay (NP (NP (QP up to 10) %) (PP of (NP gross ticket sales))) (PP for (NP (NP leases) (PP on (NP (NP stadiums) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP say (SBAR 0 (S (NP-SBJ *T*-1) (VP are (ADJP-PRD either (ADJP too small) or (ADJP too old)))))))))))))) .)) (TOP (S (PP-LOC In (NP Chicago)) , (PP for (NP example)) , (NP-SBJ size) (VP is (NP-PRD the issue)) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ We) (VP have (NP (NP the worst lease) (PP-LOC in (NP the NFL)))) ,) '' (VP contends (S *T*-2)) (NP-SBJ (NP Michael B. McCaskey) , (NP (NP (NP the president) (PP of (NP the Chicago Bears))) and (NP (NP a grandson) (PP of (NP (NP George Halas) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP founded (NP (NP the NFL 's) predecessor organization))))))))) .)) (TOP (S `` (S (NP-SBJ We) (VP 're (PP-LOC-PRD in (NP (NP a metro area) (PP with (NP (NP millions) (PP of (NP Bear fans)))))))) , and (S (NP-SBJ-1 only a small number) (VP can (VP be (VP accommodated (NP *-1))))) . '')) (TOP (S-4 (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ the lease) (VP expires (PP-TMP in (NP 1999)) (ADVP-TMP *T*-2)))) (PRN , (S (NP-SBJ he) (VP says (S *T*-4)))) , `` (NP-SBJ-3 It) (VP 's (VP got (S (NP-SBJ-1 *-3) (VP to (VP be (VP changed (NP *-1))))))) . '')) (TOP (S (NP-TMP This year) , (NP-SBJ the NFL) (VP (ADVP also) imposed (NP (NP an 80-player limit) (ADVP *ICH*-1)) (PP-LOC-CLR on (NP (NP teams) (VP going (PP-DIR into (NP training camp))))) , (ADVP-1 down (PP from (NP 120))) , (PP in (NP (NP a move) (VP meant (S (NP-SBJ *) (VP to (VP trim (NP payroll costs)))))))) .)) (TOP (S And (NP-SBJ-2 the league) (VP is (VP trying (S (NP-SBJ *-2) (VP to (VP get (NP (NP more) (PP for (NP (NP its three-year national network contract) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP expires (PP-TMP-CLR after (NP this season))))))))))))) .)) (TOP (S (NP-SBJ The current contract) (VP pays (NP the NFL) (NP (QP $ 1.4 billion) *U*)) .)) (TOP (S (NP-SBJ Owners) (VP say (SBAR 0 (S (NP-SBJ they) (VP expect (S (NP-SBJ the league) (VP to (VP demand (NP a (ADJP 50 %) increase)))) , (PP despite (NP the fact (SBAR that (S (NP-SBJ televised football games) (VP have (VP had (NP lackluster ratings))))))))))) .)) (TOP (S (NP-SBJ An NFL spokesman) (VP (ADVP also) says (SBAR 0 (S (NP-SBJ the league) (VP will (VP (ADVP probably) expand (NP its offerings) (PP-CLR to (NP (NP cable TV companies) (PP like (NP ESPN))))))))) .)) (TOP (S (NP-SBJ The changes) (VP have n't (VP come (ADVP-PRD easy))) .)) (TOP (S (PP Like (NP (NP the game) (PP of (NP professional football)))) , (NP-SBJ (NP the NFL organization) (NP itself)) (VP is (PP-PRD in (NP turmoil))) .)) (TOP (S (S (NP-SBJ (NP (NP The new breed) (PP of (NP team owner))) , (NP (NP Mr. Jones) (ADJP included)) ,) (VP has (VP been (VP fighting (NP the NFL bureaucracy) (PP-CLR for (NP (NP a greater say) (PP-LOC in (NP league affairs)))))))) , and (S (NP-SBJ the battle) (VP has (VP produced (NP (NP a form) (PP of (NP organizational gridlock)))))) .)) (TOP (S (PP-TMP In (NP July)) , (NP-SBJ 11 NFL owners) , (S-ADV (NP-SBJ (NP almost all) (PP of (NP them))) (ADJP-PRD new)) , (VP blocked (NP an effort (S (NP-SBJ *) (VP to (VP install (NP Jim Finks) (PP-CLR as (NP (NP a replacement) (PP for (NP retiring league commissioner Pete Rozelle))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Finks) (VP is (VP perceived (NP *-1) (PP by (NP-LGS some owners)) (PP-CLR as (NP (NP a standard-bearer) (PP for (NP the Old Guard)))))) .)) (TOP (S (NP-TMP Earlier this month) , (NP-SBJ another effort (S (NP-SBJ *) (VP to (VP choose (NP a commissioner))))) (VP failed) .)) (TOP (S (NP-SBJ The owners) (VP meet (ADVP-TMP again) (NP-TMP tomorrow)) .)) (TOP (S (S (PP For (NP his part)) , (NP-SBJ Jerry Jones) (VP says (SBAR 0 (S (NP-SBJ he) (VP 's (PP-PRD in (NP the business)) (PP-TMP for (NP the long haul))))))) , and (S (NP-SBJ-1 his work style) (VP seems (S (NP-SBJ *-1) (VP to (VP support (NP that)))))) .)) (TOP (S (NP-SBJ He) (VP (VP puts (PRT in) (NP (NP busy six-day weeks) (PRN -LRB- (PP excluding (NP game days)) -RRB-))) , and (VP (PP-TMP on (NP one recent afternoon)) fielded (NP (NP questions) (PP *ICH*-1)) , (PP-TMP in (NP (NP the course) (PP of (NP an hour)))) , (PP-1 from (NP (NP a TV producer) , (NP his luxury-suite marketing manager) , (NP a disgruntled customer) and (NP (NP a roomful) (PP of (NP Arkansas reporters))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP keep (S (NP-SBJ his schedule) (PP-PRD on (NP track)))))) , (NP-SBJ he) (VP flies (NP-1 two personal secretaries) (PRT in) (PP-DIR from (NP Little Rock)) (S-CLR (NP-SBJ *-1) (VP to (VP augment (NP (NP his staff) (PP-LOC in (NP Dallas))))))) .)) (TOP (S (S-TPC-2 `` (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ I) (VP made (NP this investment) (ADVP-TMP *T*-1)))) , (NP-SBJ I) (VP made (NP it) (PP on (NP a lifetime basis))) , '') (NP-SBJ he) (VP explains (S *T*-2)) .)) (TOP (S `` (NP-SBJ I) (VP 'm not (ADVP-LOC-PRD here) (S-PRP (NP-SBJ *) (VP to (VP make (NP money) (PP-MNR by (S-NOM (NP-SBJ *) (VP reselling (NP the team) (ADVP-TMP later on)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the Cowboys) (VP may not (VP be (NP-PRD the best investment) (ADVP-TMP now))))) , (NP-SBJ I) (VP do n't (VP accept (SBAR 0 (S (NP-SBJ they) (VP ca n't (VP be (NP-PRD *?*) (PP-TMP in (NP the future)))))))) . '')) (TOP (S (ADVP Besides) , (PP to (NP a large extent)) , (NP-SBJ Mr. Jones) (VP may (ADVP-TMP already) (VP be (VP getting (SBAR-NOM (WHNP-1 what) (S (NP-SBJ he) (VP wants (NP *T*-1) (PP out (PP of (NP the team)))))) , (SBAR-ADV even though (S (NP-SBJ it) (VP keeps (VP losing))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Owning (NP the Cowboys))) (VP has (VP bought (NP him) (NP (NP entree) (PP to (NP (NP a glitzy life) (SBAR (WHNP-1 that) (S (S-NOM-SBJ (NP-SBJ *) (VP drilling (PP for (NP oil)) (PP-LOC in (NP Arkansas)))) (ADVP just) (VP did n't (VP provide (NP *T*-1)))))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP the new private jet) , (NP (NP the platoon) (PP of (NP assistants))) , (NP (NP invitations) (PP to (NP the best parties))) , and (NP (NP television appearances) (PP on (NP (NP shows) (PP such as (NP `` Prime Time Live))))))) . '')) (TOP (S (ADVP-TMP (NP A few weeks) ago) , (NP-SBJ Mr. Jones) (ADVP even) (VP entertained (NP Elizabeth Taylor) (PP-LOC in (NP (NP his private suite) (PP-LOC at (NP Texas Stadium))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ You) (VP 're (PP-LOC-PRD in (NP the catbird seat)) (NP-TMP every day) (PP-LOC in (NP this job))) , '') (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (FRAG (SBAR (WHADJP How interestingly clever (PP of (NP-1 Robert Goldberg))) (S (NP-SBJ-2 *-1) (VP to (VP use (NP (NP the form) (PP of (NP pretend advocacy journalism))) (S-PRP (NP-SBJ *-2) (VP to (VP explain (NP (NP his perception) (PP of `` (NP-TTL (NP Days) (PP of (NP Rage))) '')) (PP-LOC in (NP (NP his television critique) (PRN -LRB- (NP (NP Leisure & Arts) , (NP-TMP Sept 11)) -RRB-)))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP chastises (NP Jo Franklin-Trout) (PP-CLR for (NP (NP her inept presentation) (PP of (NP advocacy journalism)))) , (S-ADV (NP-SBJ *-1) (VP judging (NP her project) (PP-CLR as (ADJP `` intellectually slipshod))))) . '')) (TOP (SQ Was not (NP-SBJ the title) (ADJP-PRD very clear) ?)) (TOP (FRAG (NP One example) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP gives (NP *T*-1)))) : `` (S (NP-SBJ She) (VP did n't (VP ask '' -LRB- (SBAR (WHADVP-2 why) (S (NP-SBJ the Palestinian children) (VP are (NP-PRD (NP soldiers) (VP throwing (NP stones))) (ADVP-PRP *T*-2)))) -RRB-))) .)) (TOP (SQ (ADVP Really now) , did (NP-SBJ-1 she) (VP have (S (NP-SBJ *-1) (VP to (VP ask)))) ?)) (TOP (SQ Were not (NP-SBJ (NP the pictures and happenings) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (VP been (VP continuing (NP news headlines)))))) ,) (NP-PRD answers enough) ?)) (TOP (S (NP-SBJ Mr. Goldberg) (VP contends (SBAR that (S (PP even as (NP `` propaganda '')) (NP-SBJ the film) (VP fails (SBAR-PRP because (S (NP-SBJ it) (VP presents (NP only one view)))))))) .)) (TOP (S (S (PP Of (NP course)) (NP-SBJ the Palestinians) (VP complain (PP-CLR about (NP their treatment)))) ; (S (PP of (NP course)) (NP-SBJ the Israelis) (VP feel (VP put (PRT upon)))) .)) (TOP (S But (NP-SBJ his complaint (SBAR that (S `` (NP-TTL-SBJ (NP Days) (PP of (NP Rage))) '' (VP does n't (VP contain (NP (NP balanced comments) (PP from (NP Israelis)) (PP about (SBAR-NOM (WHADVP-1 how badly) (S (NP-SBJ the Palestinians) (VP are (VP behaving (ADVP-MNR *T*-1)))))))))))) (VP is (ADJP-PRD irrelevant)) .)) (TOP (S (NP-SBJ It) (VP 's (PP-PRD like (S-NOM (NP-SBJ *) (VP (VP doing (NP (NP a documentary) (PP on (NP apartheid)))) and (VP insisting (SBAR that (S (NP-SBJ-1 equal time) (VP be (VP given (NP *-1) (PP-DTV to (SBAR (WHADVP-2 how terrific) (S (NP-SBJ white South Africans) (VP are (ADVP-PRD *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ-7 This film) (VP did (VP emphasize (SBAR-NOM (WHADVP-3 how long) (S (NP-SBJ the Israeli/Palestinian stalemate) (VP has (VP existed (ADVP-TMP *T*-3))))) (PP-MNR by (S-NOM (NP-SBJ *-7) (VP tracing (NP the conflict) (PP-CLR to (NP (NP the days) (PP of (NP World War I)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-4 the British) (VP tried (S (NP-SBJ-6 *-4) (VP to (VP guarantee (NP both (NP a Jewish state) and (NP a Palestinian state)) (PP without (S-NOM (NP-SBJ *-6) (VP specifying (SBAR-MNR (WHADVP-5 how) (S (NP-SBJ it) (VP was (S-PRD (NP-SBJ-1 *) (VP to (VP be (VP done (NP *-1) (ADVP-MNR *T*-5)))))))))))))) (ADVP-TMP *T*-2))))))))))) .)) (TOP (S (INTJ Well) , (NP-SBJ `` (NP-TTL (NP Days) (PP of (NP Rage))) '' (VP airing (PP (PP with (NP before-and-after packaging)) , and (PP-TMP after (NP repeated delays)) ,))) (VP was (NP-PRD a beginning)) .)) (TOP (S (NP-SBJ Every issue) (VP is (ADJP-PRD multisided)) .)) (TOP (S (NP-SBJ-1 This film) (VP attempts (S (NP-SBJ *-1) (VP to (VP show (NP (NP a side) (VP (ADVP rarely) seen (PP-LOC in (NP our media)))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ we) (VP must (VP endure (NP (NP a rash) (PP of (NP (NP critics) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP (ADVP apparently) wish (S (NP-SBJ *-2) (VP to (VP know (NP (NP details) (PP of (NP (NP one side) (ADVP only))))))))))))))) .)) (TOP (NP Salaam .)) (TOP (NP Shalom .)) (TOP (NP (NP Charlotte Carpenter) (NP (NP Bainbridge Island) , (NP Wash)) .)) (TOP (S (NP-SBJ President Bush) (VP wants (S (NP-SBJ the Pentagon) (VP to (VP get (NP (NP special treatment) (PP in (S-NOM (NP-SBJ *) (VP coping (PP-CLR with (NP-CLR (NP the across-the-board spending cuts) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP took (NP-CLR effect) (NP-TMP last week)))))))))))))) .)) (TOP (S (NP-SBJ Mr. Bush) (VP asked (NP-3 Congress) (S (NP-SBJ *-3) (VP to (VP raise (PP-DIR to (NP (QP $ 6 billion) *U*)) (PP-DIR from (NP (QP $ 3 billion) *U*)) (NP (NP the amount) (PP of (NP money)) (SBAR (WHNP-1 0) (S (NP-SBJ Defense Secretary Dick Cheney) (VP may (VP shift (NP *T*-1) (PP-LOC among (NP (NP the Pentagon 's) individual programs , projects and activities))))))) , (S-ADV (NP-SBJ *) (VP allowing (S (NP-SBJ him) (VP to (VP ease (NP (NP the pain) (SBAR (WHNP-2 that) (S (NP-SBJ the Gramm-Rudman budget law) (VP was (VP intended (S (NP-SBJ *) (VP to (VP inflict (NP *T*-2)))))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 the request) (VP is (VP approved (NP *-1) (PP by (NP-LGS both (NP the House) and (NP Senate))))))) , (NP-SBJ-2 Mr. Cheney) (VP would (VP need (NP (NP only permission) (PP from (NP (NP the White House Office) (PP of (NP Management and Budget))))) (S-PRP (NP-SBJ *-2) (VP to (VP move (NP the money)))) , (PP according (PP to (NP Senate budget analysts))))) .)) (TOP (S (NP-SBJ That) (VP would (VP give (NP the Pentagon) (NP (NP flexibility) (SBAR (WHNP-1 that) (S (NP-SBJ no other federal agency) (VP has (NP *T*-1))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP 's (NP-PRD (NP simply a way) (PP of (S-NOM (NP-SBJ *) (VP making (S (NP-SBJ the cuts) (ADJP-PRD (ADJP less onerous (PP for (NP defense))) (SBAR than (S (NP-SBJ they) (VP are (PP-PRD for (NP domestic programs))))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Chairman James Sasser) (PRN -LRB- (NP (NP-LOC (NP D.) , (NP Tenn .))) -RRB-) (PP of (NP the Senate Budget Committee)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP oppose (NP the request))))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ That) (VP is n't (ADJP-PRD consistent (PP with (NP (NP the kind) (PP of (NP (NP discipline) (SBAR (WHNP-1 that) (S (NP-SBJ-2 Gramm-Rudman) (VP is (VP supposed (S (NP-SBJ *-2) (VP to (VP impose (NP *T*-1))))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S (NP-SBJ (NP The president 's) request) (VP did n't (VP indicate (SBAR (WHADVP-1 how) (S (NP-SBJ Mr. Cheney) (VP would (VP shift (NP the money) (ADVP *T*-1))))))) .)) (TOP (S (NP-SBJ A Pentagon official) (VP said (SBAR 0 (S (NP-SBJ-1 the request) (VP was (VP made (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP give (NP the department) (NP `` (NP maximum flexibility) '' (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP deal (PP-CLR with (NP the cuts))))))))))))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ Budget Director Richard Darman) (VP structured (NP-2 (NP the (ADJP (QP $ 16.1 billion) *U*) spending reduction) , (NP (SBAR-NOM (WHNP-1 (NP half) (PP of (NP which))) (S (NP-SBJ *T*-1) (VP must (VP come (PP-CLR from (NP defense))))))) ,) (S-CLR (NP-SBJ *-2) (VP to `` (VP impose (NP (QP a little bit more) discipline) '' (PP by (S-NOM (NP-SBJ *) (VP applying (NP cuts) (PP-CLR to (NP (NP each individual program , project or activity) (PP in (NP the budget))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ That) (VP would (VP give (NP agencies) `` (NP less ability ... (S (NP-SBJ *) (VP to (VP fudge (PRT over) (NP things)))))))) , '' (NP-SBJ he) (VP told (SBAR 0 (S *T*-1)) (NP reporters)) .)) (TOP (S (PP-LOC Under (NP the deficit-reduction law)) , (NP-SBJ-1 (NP (NP 4.3 %) (PP of (NP (NP the Pentagon 's) money))) and (NP (NP 5.3 %) (PP of (NP (NP other agencies ') money)))) has (VP been (VP canceled (NP *-1))) .)) (TOP (S (NP-SBJ-2 Lawmakers) (VP are (VP expected (S (NP-SBJ-3 *-2) (VP to (VP try (S (NP-SBJ *-3) (VP to (VP restore (NP the funds))))))) (SBAR-TMP once (S (NP-SBJ-1 a pending deficit-cutting measure) (VP has (VP been (VP signed (NP *-1) (PP-CLR into (NP law))))))))) .)) (TOP (S (NP-SBJ Rochester Telephone Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP its purchase) (PP of (NP (NP (NP Urban Telephone Corp. ,) (PP of (NP (NP Clintonville) , (NP Wis.)))) , (NP (NP the second-largest unaffiliated independent telephone company) (PP-LOC in (NP that state)))))))))) .)) (TOP (S (S (NP-SBJ Rochester Telephone) (VP said (SBAR 0 (S (NP-SBJ-1 the acquisition) (VP was (VP made (NP *-1) (PP in (NP (NP an exchange) (PP of (NP its common shares)) (PP for (NP (NP all the shares) (PP of (NP Urban Telephone)))))))))))) , but (S (NP-SBJ a price) (VP was n't (VP disclosed))) .)) (TOP (S (NP-SBJ Urban) (VP is (NP-PRD (NP (NP the company 's) first telephone subsidiary) (PP-LOC in (NP Wisconsin)))) .)) (TOP (S (PP-TMP Since (NP June)) , (NP-SBJ Rochester Telephone) (VP signed (NP (NP letters) (PP of (NP intent (S (NP-SBJ *) (VP to (VP purchase (NP three other Wisconsin firms)))))))) .)) (TOP (S (NP-SBJ (NP A bill) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP permit (S (NP-SBJ the Securities and Exchange Commission) (VP to (VP monitor (NP (NP the financial condition) (PP of (NP (NP securities firms ') holding companies))))))))))) (VP is (VP facing (NP (NP tough opposition) (PP from (NP (NP some Wall Street firms) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP argue (SBAR that (S (NP-SBJ the legislation) (VP is (ADJP-PRD unnecessary)))))))))))) .)) (TOP (S (NP-SBJ (NP The legislation) and (NP (NP other issues) (VP related (NP *) (PP-CLR to (NP the stock market))))) (VP will (VP be (NP-PRD (NP the focus) (PP of (NP (NP hearings) (NP-TMP this week) (PP by (NP (NP the House Telecommunications and Finance Subcommittee) and (NP the Senate Securities Subcommittee)))))))) .)) (TOP (S (NP-SBJ (NP Richard Breeden) , (NP (NP the new chairman) (PP of (NP the SEC))) ,) (VP has n't (VP taken (NP (NP a formal position) (PP on (NP the bill)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (ADVP also) (VP (VP require (S (NP-SBJ investors) (VP to (VP disclose (NP large trades))))) and (VP give (NP the SEC) (NP additional authority) (PP-TMP during (NP market emergencies)))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ he) (ADVP-TMP recently) (VP told (NP the Senate Banking Committee) (SBAR that (S (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ-2 the agency) (VP should (VP have (NP explicit authority (S (NP-SBJ *-2) (VP to (VP monitor (NP debt levels) (PP-LOC at (NP (NP (NP holding companies) and (NP (NP affiliates) (PP of (NP broker-dealers)))) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP are (ADVP-TMP frequently) (VP used (NP-4 *-3) (S-CLR (NP-SBJ *-4) (VP to (VP issue (NP bridge loans)))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The bridge loans) (VP are (ADJP-PRD intended (S (NP-SBJ *-1) (VP to (VP provide (NP temporary financing) (PP-CLR for (NP acquisitions))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ such loans) (VP are (ADVP-TMP often) (VP refinanced (PP-MNR through (NP (NP the sale) (PP of (NP (ADJP high-risk , high-yield) junk bonds)))))))) , (NP-SBJ (NP the recent woes) (PP of (NP the junk-bond market))) (VP have (VP renewed (NP (NP concerns) (PP-LOC among (NP regulators)) (PP about (NP (NP the risks) (VP associated (NP *) (PP-CLR with (NP (NP Wall Street firms) (VP issuing (NP bridge loans)))))))))) .)) (TOP (S But (NP-SBJ some Wall Street executives) (VP argue (SBAR that (S (NP-SBJ such fears) (VP are (ADJP-PRD unwarranted))))) .)) (TOP (S (PP-LOC In (NP (NP a July 6 letter) (PP to (NP the Senate Securities Subcommittee)))) , (NP-SBJ First Boston Corp.) (VP argued (SBAR that (S (NP-SBJ the fact (SBAR that (S (NP-SBJ no retail brokerage firm) (VP failed (PP-TMP during (NP the 1987 market crash)))))) (VP demonstrates (SBAR that (S (NP-SBJ current rules) (VP are (ADJP-PRD adequate)))))))) .)) (TOP (S (NP-SBJ (NP First Boston) , (SBAR (WHNP-1 (NP whose holding company) , (NP CS First Boston Group) ,) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP one) (PP of (NP (NP the larger issuers) (PP of (NP bridge loans)) (PP-LOC on (NP Wall Street)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (ADVP also) (ADJP-PRD concerned (SBAR that (S (SBAR-TMP once (S (NP-SBJ-2 the SEC) (VP has (NP the power (S (NP-SBJ *-2) (VP to (VP monitor (NP holding companies)))))))) , (NP-SBJ-3 it) (VP will (VP try (S (NP-SBJ *-3) (VP to (VP regulate (NP their activities))))))))))))) .)) (TOP (S `` (S-TPC-4 (NP-SBJ (NP The proposal) , (SBAR while (FRAG (ADJP well-intended)))) , (PRN (S (NP-SBJ I) (VP think (SBAR 0 (S *T*-4))))) (VP can (VP be (ADJP-PRD dangerously misleading) (SBAR-PRP because (S (NP-SBJ-3 the likely consequence) (VP would (VP be (S-PRD (NP-SBJ *-3) (VP to (VP (VP weaken (NP *RNR*-1)) , (CONJP rather than) (VP strengthen (NP *RNR*-1)) (NP-1 (NP the control) (SBAR (WHNP-2 0) (S (NP-SBJ the SEC) (VP has (VP exercised (NP *T*-2) (PP-TMP for (NP 50 years)) (PP-CLR over (NP (NP the financial adequacy and viability) (PP of (NP broker-dealers))))))))))))))))))) , '' (NP-SBJ (NP Michael Raoul-Duval) , (NP (NP managing director) (PP of (NP First Boston))) ,) (VP said (S *T*-4) (PP-LOC in (NP an interview))) .)) (TOP (S (S-TPC-2 (NP-SBJ The bill) (VP would `` (VP divert (NP (NP scarce resources) (PP of (NP the commission))) (ADVP-CLR away (PP from (NP broker-dealers))) (PP-CLR into (NP (NP areas) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP simply) (VP have (NP (NP no way) (PP of (S-NOM (NP-SBJ *) (VP affecting (NP broker-dealers))))))))))))) , '' (NP-SBJ Mr. Raoul-Duval) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Sources) (PP-LOC (PP in (NP the industry)) and (PP on (NP Capitol Hill)))) (VP say (SBAR 0 (S (NP-SBJ (NP a compromise) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP would (VP placate (NP the industry) (SBAR-ADV while (S (NP-SBJ *-2) (VP addressing (NP (NP the SEC 's) concerns))))))))) (VP may (VP be (ADJP-PRD possible)))))) .)) (TOP (S (NP-SBJ (NP An aide) (PP to (NP the Senate Securities Subcommittee))) (VP (VP says (SBAR 0 (S (NP-SBJ some legislators) (VP support (NP (NP the concept) (PP of (NP risk disclosure))))))) , but (VP adds : `` (S (NP-SBJ-1 nobody) (VP is (VP wedded (NP *-1) (PP-CLR to (NP (NP the language) (PP-LOC in (NP the bill))))))))) . '')) (TOP (S (NP-SBJ (NP Edward O'Brien) , (NP (NP president) (PP of (NP the Securities Industry Association))) ,) (VP said (SBAR (SBAR that (S (NP-SBJ the securities-industry trade group) (VP opposes (NP (NP the bill) (SBAR as (S (NP-SBJ-1 it) (VP is (VP written (NP *-1))))))))) but (SBAR that (S (NP-SBJ it) (VP is `` (ADJP-PRD hopeful (SBAR 0 (S (NP-SBJ-2 a compromise) (VP can (VP be (VP reached (NP *-2) (S-CLR (NP-SBJ *) (VP to (VP achieve (NP (NP the SEC 's) goals))))))))))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ Mr. O'Brien) (VP will (VP elaborate (PP-CLR on (NP (NP the SIA 's) position)) (PP-LOC in (NP (NP testimony) (PP-LOC before (NP the House Telecommunications and Finance Subcommittee)))) (NP-TMP this week)))) , (NP-SBJ a spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 This letter) (VP was (VP inspired (NP *-1) (PP by (NP-LGS (NP (NP (NP David Asman 's) Sept. 25 editorial-page article) (PP about (NP Fidel Castro))) , `` (NP-TTL (NP Man) (PP-LOC in (NP (NP the Middle) (PP of (NP Drug Trafficking))))))))) . '')) (TOP (S (NP-SBJ I) (VP 've (VP organized (NP (NP a series) (PP of (NP (NP (NP exchanges) , (NP exhibitions) and (NP other continuing projects)) (PP between (NP Cuban and American artists))))))) .)) (TOP (S (S (PP-LOC In (NP (NP any matters) (PP between (NP (NP us) and (NP the Cubans))))) (NP-SBJ there) (VP can (VP be (NP-PRD no simplicity)))) , (S (ADVP consequently) (NP-SBJ I) (VP 've (VP become (ADJP-PRD familiar (PP (CONJP not only) (PP with (NP Cuban art and artists)) , (CONJP but also) (PP with (NP (NP Cuban bureaucrats) and (NP (NP their counterparts) (PP-LOC in (NP our own government)))))))))) .)) (TOP (S (PP Despite (NP (NP levels) (PP of (NP (NP obstruction) , (NP incompetence) and (NP (NP ensuing frustration) (PP of (NP mythic proportion))))))) , (NP-SBJ (NP these projects)) (ADVP all) (VP remain , (PP-LOC in (NP my mind)) , (ADJP-PRD (ADJP valuable) and (ADJP well worth (NP the effort)))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP (NP a simple reason) (PP for (NP this))) : (NP the Cuban people))) .)) (TOP (S (NP-SBJ *) (VP Let (S (NP-SBJ me) (ADVP-TMP immediately) (VP put (NP limits) (PP-CLR to (SBAR (WHNP-1 whatever nostalgic notions) (S (NP-SBJ that) (VP may (VP intimate (NP *T*-1))))))))) .)) (TOP (S (S (NP-SBJ (NP Those `` people '') (SBAR (WHPP-1 to (WHNP whom)) (S (NP-SBJ I) (VP refer (PP *T*-1))))) (VP are not (NP-PRD some heroic , indecipherable quantity))) ; (S (NP-SBJ they) (VP are (NP-PRD (NP (NP artists) , (NP critics) , (NP taxi drivers) , (NP grandmothers) , (NP (NP even some employees) (PP of (NP (NP the Ministry) (PP of (NP Culture)))))) , (NP (NP all) (PP of (SBAR-NOM (WHNP-2 whom) (S (NP-SBJ *T*-2) (VP share (NP (NP a deep belief) (PP in (NP (NP (NP the original principles) (PP of (NP the Cuban Revolution))) , (VP spelled (NP *) (ADVP out) (PP in (NP (NP terms) (PP such as (NP (NP (NP equality) (PP among (NP (NP all members) (PP of (NP the society))))) , (NP (NP reverence) (PP for (NP (NP education) and (NP creative expression)))) , (NP (NP universal rights) (PP to (NP health and livelihood))) , (NP housing) , (NP etc))))))))))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ (NP the generation) (PP of (NP (NP painters) (VP growing (PP-CLR into (NP maturity)) (ADVP-TMP right now))))) (VP works (PP with (NP (NP such (ADJP profoundly held) humanist assumptions) and (NP (NP such passionate commitment) (PP to (NP moral and ethical principles))) (SBAR that (S (NP-SBJ it) (VP makes (S (NP-SBJ (NP (NP Che Guevara 's) famous linkages) (PP of (NP art , idealism and revolution))) (VP seem (ADJP-PRD modest))))))))) .)) (TOP (S-CLF (NP-SBJ It) (VP is (PP-PRD (PP on (NP (NP behalf) (PP of (NP these people)))) , and (PP out (PP of (NP (NP my real respect) (PP for (NP them))))) ,) (SBAR (WHADVP-1 that) (S (NP-SBJ I) (VP am (VP responding (PP-CLR to (NP (NP (NP Mr. Asman 's) opinions) (PP of (NP their country)))) (ADVP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP (NP The Ochoa trial) (PP-TMP in (NP July)) , (PP with (NP (NP its revelations) (PP of (NP deeply rooted and widespread corruption)))) ,) and (NP the summary trial and execution) ,) (VP was (ADJP-PRD extremely disturbing (PP to (NP (NP everyone) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (ADVP-TMP ever) (VP considered (S (NP-SBJ himself) (NP-PRD (NP a friend) (PP of (NP Cuba)))))))))))) .)) (TOP (S (ADVP However) , (SBAR-ADV (ADJP-PRD-TPC-1 unacceptable) though (S (NP-SBJ those occurrences) (VP may (VP have (VP been (ADJP-PRD *T*-1)))))) , (NP-SBJ they) (ADVP still) (VP provide (NP no excuse) (PP-CLR for (NP (NP wholesale departures) (PP from (NP truth))))) .)) (TOP (S (NP-SBJ Mr. Asman) (VP should (VP make (NP (NP distinctions) (PP among (NP (NP Fidel) , (NP the army) and (NP the Cuban people)))))) .)) (TOP (S (NP-SBJ They) (VP are (ADJP-PRD not interchangeable) , (SBAR-PRP since (S (NP-SBJ-1 they) (VP are (VP motivated (S (NP-SBJ *-1) (VP to (VP act))) (S-ADV (NP-SBJ *) (VP based (PP-CLR on (NP their own circumstances))))))))) .)) (TOP (S (S (NP-SBJ (NP It) (S *EXP*-1)) (VP is (NP-PRD naivete) (S-1 (NP-SBJ *) (VP to (VP equate (NP (NP (NP a government 's) policies) (PP with (NP (NP the will) (PP of (NP the people))))))))) (PRN -LRB- (SBAR as (S (NP-SBJ we) (VP (ADVP well) know))) -RRB-)) , and (S (NP-SBJ (NP it) (S *EXP*-2)) (VP is (NP-PRD (ADJP even worse) folly) (S-2 (NP-SBJ *) (VP to (VP merge (NP (NP the clearly divergent agendas) (PP of (NP (NP Fidel) and (NP the military) and (NP the state bureaucracy))))))))) .)) (TOP (S (NP-SBJ Mr. Asman) (VP is (ADJP-PRD also annoyed (SBAR that (S (NP-SBJ Mr. Castro) (VP has (VP resisted (NP (NP collaboration) (PP with (NP U.S. officials)))))))) , (SBAR-ADV even though (S (PP by (NP his own account)) (NP-SBJ-1 that collaboration) (VP has (VP been (VP devised (NP *-1) (ADVP essentially) (PP-CLR as (NP (NP a mechanism) (PP for (NP (NP (NP acts) (ADJP directly hostile (PP to (NP the Cuban regime)))) , (PP such as (S-NOM (NP-SBJ *) (VP facilitating (NP defections)))))))))))))) .)) (TOP (S (NP-SBJ I) (VP think (S (NP-SBJ-2 (NP it) (S-3 *EXP*-1)) (VP 's (ADJP-PRD a little disingenuous) (S-1 (NP-SBJ *) (VP to (VP be (ADJP-PRD surprised (SBAR that (S (NP-SBJ Fidel) (VP does n't (VP invite (NP the U.S. State Department) (S (NP-SBJ *) (VP to (VP violate (NP (NP the jurisdiction) (PP of (NP the Cuban government)) (PP-LOC over (NP its own territory))))))))))))))))) .)) (TOP (S (NP-SBJ-1 We) (ADVP badly) (VP need (S (NP-SBJ *-1) (VP to (VP follow (NP fact) (PP rather than (NP (NP the rhetoric) (PP of (NP conventional wisdom)))))))) .)) (TOP (S (PP Without (NP (NP this basic level) (PP of (NP (NP attention) (PP to (NP reality)))))) , (NP-SBJ-1 (NP our policies) (PP on (NP Cuba))) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD (ADJP as counterproductive) (SBAR as (S (NP-SBJ they) (VP have (VP *?* (PP-TMP for (NP 30 years)))))))))))) .)) (TOP (S (PP From (NP (NP my own point) (PP of (NP view)))) , (PP given (NP (NP (NP the qualities) (PP of (NP (NP humanity) , (NP creativity) and (NP warm spirit)))) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ the Cuban people) (VP excel (PP *T*-2)))))) , (NP-SBJ we) (VP deny (NP ourselves) (NP (NP access) (PP to (NP (NP things) (SBAR (SBAR (WHNP-3 0) (S (NP-SBJ we) (VP hold (S (NP-SBJ *T*-3) (ADJP-PRD dear))))) , and (SBAR (WHNP-1 which) (S (NP-SBJ-4 *T*-1) (VP seem (S (NP-SBJ *-4) (VP to (VP run (PP in (NP such short supply)) (NP-TMP these days)))))))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP no rational justification) (PP for (NP such behavior)))) .)) (TOP (NP (NP Rachel Weiss) (NP (NP Brookline) , (NP Mass)) .)) (TOP (S (NP-SBJ ENGRAPH INC.) (VP (ADVP-TMP recently) reported (NP (NP third-quarter earnings) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP were (VP (ADVP mistakenly) shown (PP-LOC in (NP the Quarterly Earnings Surprises table)) (PP-LOC in (NP (NP last Tuesday 's) edition)) (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD (ADJP lower) (PP than (NP (NP the average) (PP of (NP (NP analysts ') estimates)))))))))))))) .)) (TOP (S (NP-SBJ Zacks Investment Research) (VP did n't (VP adjust (NP (NP (NP one analyst 's) estimate) (PP for (NP a stock split)) , (SBAR (WHNP-1 which) (S (ADVP therefore) (NP-SBJ *T*-1) (VP was (ADJP-PRD artificially high))))))) .)) (TOP (S (NP-SBJ (NP (NP Engraph 's) third-quarter net income) (PP of (NP (NP 15 cents) (NP-ADV a share)))) (ADVP actually) (VP was (ADJP-PRD (ADJP (NP-EXT 7 %) higher) (PP than (NP (NP the adjusted average) (PP of (NP estimates)))))) .)) (TOP (S (NP-SBJ Investors) (VP bailed (PP-CLR out (PP of (NP New York City bonds))) (PP-MNR in (NP droves)) (NP-TMP last week) , (S-ADV (NP-SBJ *) (VP (VP driving (NP prices) (ADJP lower)) and (VP boosting (NP yields))))) .)) (TOP (S (NP-SBJ One bond trader) (VP estimated (SBAR that (S (NP-SBJ-1 (NP (QP more than $ 50 million) *U*) (PP of (NP New York City general obligation bonds))) (VP were (VP put (NP *-1) (PP-CLR up (PP for (NP sale))) (NP-TMP (NP Friday) (ADVP alone))))))) .)) (TOP (S (SBAR While (S (NP-SBJ that) (VP represents (NP (NP a small percentage) (PP of (NP (NP (NP the city 's) public debt) (ADJP outstanding))))))) , (NP-SBJ (NP Friday 's) selling) (VP followed (NP a weeklong effort (S (NP-SBJ *) (VP to (VP unload (NP the bonds) (PP by (NP-LGS (NP a broad spectrum) (PP of (NP institutional and individual investors))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP 've (ADVP-TMP never) (VP seen (NP (NP so many -LCB- New York City -RCB- G.O. 's) (PP up (PP for (NP sale))))))) , '' (VP said (S *T*-1)) (NP-SBJ another trader) .)) (TOP (S `` (NP-SBJ Every broker) (VP has (NP (NP blocks) (PP of (NP every size and maturity)))) . '')) (TOP (S (NP-SBJ Municipal bond analysts) (VP said (SBAR 0 (S (NP-SBJ-1 the sell-off) (VP was (VP triggered (NP *-1) (PP by (NP-LGS (NP (NP concerns) (PP about (NP (NP the city 's) financial health))) , (NP (NP rumors) (PP of (NP (NP a (ADJP (QP $ 900 million) *U*) bond offering) (VP coming (ADVP-TMP soon))))) , and (NP political uncertainty)))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP the city))) (VP (VP would n't (VP confirm (NP (NP the size) (PP of (NP the bond issue))))) , but (VP did (VP say (SBAR that (S (NP-SBJ a general obligation offering) (VP (VP is (PP-PRD in (NP the works))) and (VP should (VP be (VP priced (ADVP-TMP sometime (PP in (NP the next two weeks))) , (PP-TMP before (NP the November mayoral election))))))))))) .)) (TOP (S -LRB- (NP-SBJ-1 General obligation bonds) (VP are (VP backed (NP *-1) (PP by (NP-LGS (NP the city 's) overall revenues and credit)))) . -RRB-)) (TOP (S (SBAR-ADV Although (S (NP-SBJ many investors) (VP were (ADJP-PRD aware (SBAR that (S (NP-SBJ-1 a bond offering) (VP was (VP being (VP scheduled (NP *-1)))))))))) , (NP-SBJ many) (VP expected (S (NP-SBJ-3 (NP a (ADJP much smaller) amount) (PP of (NP bonds))) (VP to (VP be (VP sold (NP *-3)))))) .)) (TOP (S (NP-SBJ-1 The fact (SBAR that (S (NP-SBJ the city) (VP will (VP issue (NP (NP such a large amount) (PP of (NP debt)))))))) (VP was (VP interpreted (NP *-1) (PP-CLR as (NP a sign (SBAR that (S (NP-SBJ (NP New York 's) budgetary problems) (VP are (ADJP-PRD (ADJP more serious) (SBAR than (S (NP-SBJ-2 *) (VP had (VP been (VP expected (NP *-2)))))))))))))) .)) (TOP (S (NP-SBJ (NP New York) , (NP (NP one) (PP of (NP (NP (NP the nation 's) largest issuers) (PP of (NP tax-exempt bonds))))) ,) (VP sold (NP (NP (QP $ 750 million) *U*) (PP of (NP municipal bonds))) (ADVP-TMP (NP just a few weeks) ago)) .)) (TOP (S (NP-SBJ There) (VP have (VP been (NP-PRD reports (SBAR *ICH*-1)) (PP-TMP for (NP months)) (SBAR-1 that (S (NP-SBJ (NP the city 's) economy) (VP is (VP weakening , (SBAR-TMP as (S (NP-SBJ-2 the October 1987 stock market crash) (VP continues (S (NP-SBJ *-2) (VP to (VP make (S (NP-SBJ itself) (VP felt)))))))))))))) .)) (TOP (S (NP-SBJ The recent sharp stock market decline) (VP exacerbated (NP those concerns)) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ tax revenues) (VP are (VP falling (SBAR-ADV while (S (NP-SBJ (NP the city 's) spending needs) (VP are (VP expanding)))))) .)) (TOP (S (NP-SBJ Rumors) (VP persisted (NP-TMP last week) (SBAR that (S (NP-SBJ (NP (NP New York 's) credit ratings) (PRN -- (ADJP (ADJP single-A (PP from (NP (NP Moody 's) Investors Service Inc.))) and (ADJP single-A-minus (PP from (NP (NP Standard & Poor 's) Corp.)))) --)) (VP are (PP-PRD at (NP risk)))))) .)) (TOP (S (NP-SBJ (NP The weakness) (PP-LOC in (NP New York City bonds))) (VP follows (NP (NP a warning) (PP from (NP (NP New York state Comptroller) (NP Edward Regan))) (SBAR that (S (NP-SBJ the 1987 crash) (ADVP-MNR seriously) (VP weakened (NP (NP the city 's) economy)))))) .)) (TOP (S (PP-LOC In (NP a study)) , (NP-SBJ the comptroller) (VP said , `` (S (NP-SBJ (NP The city 's) glory days) (VP are (PP-PRD over)))) . '')) (TOP (S (NP-SBJ Mr. Regan) (VP warned (NP-2 mayoral candidates) `` (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD prepared (PP for (NP (NP (NP limited options) and (NP (NP constraints) (PP on (NP (NP service increases) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP address (NP (NP the city 's) problems))))))))) (PP-TMP in (NP the next few years)))) ,) (PP-PRP due to (NP (NP the now-evident weakening) (PP-LOC in (NP the New York City economy)))))))) . '')) (TOP (S (NP-SBJ-1 (NP (NP New York City 's) revised financial plan) , (ADJP due (ADVP out) (NP-TMP later this month)) ,) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP include (NP (NP measures) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP balance (NP (NP the city 's) (ADJP (QP $ 27 billion) *U*) budget))))))))))) .)) (TOP (S (PP-TMP At (NP present)) , (NP-SBJ analysts) (VP project (NP (NP a budget gap) (PP on (NP (NP the order) (PP of (NP (QP $ 500 million to $ 600 million ) *U*))))) (PP for (NP (NP the fiscal year) (VP ending (NP-TMP-CLR June 30 , 1990)))) , (SBAR-ADV although (S (NP-SBJ (NP the city 's) own budget analysts) (VP project (NP a narrower deficit))))) .)) (TOP (S (NP-SBJ (NP Mark Page) , (NP (NP (NP New York 's) deputy director) (PP of (NP finance))) ,) (VP said (SBAR that (S (NP-SBJ (NP (NP investors ') concerns) (PP about (NP (NP the city 's) financial health))) (VP are `` (ADJP-PRD unwarranted) (PP given (NP our proven ability (S (NP-SBJ *) (VP to (VP manage (NP ourselves)))))))))) . '')) (TOP (S (NP-SBJ He) (VP charges (NP (NP the city 's) critics) (PP-CLR with (S-NOM (NP-SBJ *) (VP spreading (NP `` unfounded emotional rhetoric))))) . '')) (TOP (S (NP-SBJ There) (VP are (ADVP also) (NP-PRD (NP questions) (PP about (SBAR-NOM whether (S (NP-SBJ a new and inexperienced mayor) (VP can (VP manage (NP the city) (PP through (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP could (VP become (NP-PRD a financial crisis))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The leading contender) (PP for (NP (NP the mayoral office) , (NP Democrat David Dinkins) ,))) (VP has (VP been (VP criticized (NP *-1) (ADVP-TMP recently) (PP-CLR for (NP (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ he) (VP handled (NP his personal financial affairs) (ADVP *T*-2))))))))) .)) (TOP (S And (NP-SBJ the controversy) (VP has (VP led (PP-CLR to (NP (NP uncertainty) (PP about (NP (NP the outcome) (PP of (NP the election)))))))) .)) (TOP (S (PP-TMP Until (NP last week)) , (NP-SBJ-1 Mr. Dinkins) (VP was (VP considered (S (NP-SBJ *-1) (NP-PRD a shoo-in)))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ The market) (VP can (VP adjust (PP-CLR to (NP (NP good news) or (NP bad news)))))) , but (S (NP-SBJ uncertainty) (VP drives (S (NP-SBJ people) (ADVP-PRD wild))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Bernard B. Beal) , (NP (NP chief executive) (PP of (NP (NP M.R. Beal & Co.) , (NP (NP a securities firm) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP specializes (PP-CLR in (NP the municipal market)))))))))) .)) (TOP (S (PP-TMP Until (NP last week)) , `` (NP-SBJ Everyone) (VP felt (ADJP-PRD certain (SBAR 0 (S (NP-SBJ they) (VP knew (NP (NP the outcome) (PP of (NP the election)))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ there) (VP have (VP been (NP-PRD (NP a number) (PP of (NP questions)) (VP raised (NP *))))) . '')) (TOP (S (NP-TMP Last week) , (NP-SBJ (NP yields) (PP on (NP long-term New York City general obligation bonds))) (VP jumped (NP-EXT half a percentage point)) .)) (TOP (S (NP-SBJ-1 (NP (NP New York City 's) (ADJP 6 %) bonds) (ADJP due (NP-TMP 2018))) , (PP for (NP example)) , (VP were (VP quoted (NP *-1) (NP-TMP late Friday) (PP-CLR at (NP (NP a price) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP yield (NP 7.80 %))))))) , (PP compared (PP with (NP 7.60 %) (NP-TMP Thursday))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ (NP the yield) (PP on (NP New York general obligation bonds))) (VP rose))) , (NP-SBJ (NP the Bond Buyer 20-bond general obligation index) , (NP (NP the (ADJP mostly widely followed) gauge) (PP of (NP the tax-exempt market))) ,) (VP held (ADVP-MNR steady) (PP-CLR at (NP 7.19 %)) (PP-TMP in (NP (NP the week) (VP ended (NP-TMP-CLR Oct. 19))))) .)) (TOP (S (NP-SBJ Qintex Australia Ltd.) (VP encountered (NP another setback) (NP-TMP Friday) (SBAR-ADV (WHADVP-1 when) (S (NP-SBJ (NP its Los Angeles-based affiliate) , (NP Qintex Entertainment Inc.) ,) (VP filed (PP-CLR for (NP (NP protection) (PP-LOC under (NP (NP Chapter 11) (PP of (NP the U.S. Bankruptcy Code)))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ Qintex Entertainment) (VP (ADVP also) said (SBAR 0 (S (NP-SBJ (NP (NP (NP David Evans) , (NP its president and chief executive)) , and (NP (NP Roger Kimmel) , (NP a director)) ,)) (ADVP both) (VP resigned)))) .)) (TOP (S (NP-SBJ-1 Neither) (VP could (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-TMP Earlier this month) , (NP-SBJ (NP Qintex Australia 's) (ADJP (QP $ 1.5 billion) *U*) agreement (S (NP-SBJ *) (VP to (VP acquire (NP MGM/UA Communications Co.))))) (VP collapsed (PP-PRP because of (NP (NP a dispute) (PP over (NP (NP a (ADJP (QP $ 50 million) *U*) letter) (PP of (NP credit)) (SBAR (WHNP-1 0) (S (NP-SBJ (NP the Australian operator) (PP of (NP television stations and resorts))) (VP was (S-PRD (NP-SBJ *) (VP to (VP have (VP supplied (NP *T*-1) (PP-CLR as (NP (NP security) (PP-LOC in (NP the transaction)))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Evans) (VP had (VP been (NP-PRD (NP the de facto head) (PP of (NP MGM/UA))) (PP-TMP for (NP months)))) .)) (TOP (S (NP-SBJ (NP Qintex Entertainment) , (NP (NP (NP a producer and distributor) (PP of (NP television programs))) (VP (ADVP most) noted (NP *) (PP-CLR for (NP (NP its co-production) (PP of (NP (NP the hit miniseries) (NP-TTL `` Lonesome Dove))))))) , '') (VP said (SBAR 0 (S (NP-SBJ it) (VP filed (PP-CLR for (NP Chapter 11 protection)) (SBAR-TMP after (S (NP-SBJ-1 Qintex Australia) (VP failed (S (NP-SBJ *-1) (VP to (VP provide (NP it) (PP-CLR with (NP (NP (QP $ 5.9 million) *U*) (VP owed (NP *) (PP-DTV to (NP MCA Inc.)) (PP in (NP (NP connection) (PP with (NP (NP the distribution) (PP of `` (NP-TTL The New (NAC-TTL (S-TTL (NP-SBJ *) (VP Leave (NP It) (PP to (NP Beaver)))) Show)))))))))))))))))))) . '')) (TOP (S (NP-SBJ Qintex Entertainment) (VP (VP is (ADJP-PRD (NP-EXT 43 %) owned (PP by (NP-LGS Qintex Australia)))) and (VP said (SBAR 0 (S (NP-SBJ it) (VP relies (PP-CLR on (NP the Australian company)) (PP for (S-NOM (NP-SBJ *) (VP funding (NP its working capital requirements))))))))) .)) (TOP (S (PP After (NP (NP the announcement) (PP of (NP the bankruptcy filing)))) , (NP-SBJ-1 Qintex Entertainment stock) (VP sank (NP-EXT $ 2.625 *U*) (PP-LOC in (NP over-the-counter trading)) (S-ADV (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 1.50 *U*)) (PP on (NP (NP heavy volume) (PP of (NP (QP more than 1.4 million) shares)))))))) .)) (TOP (S (NP-SBJ The stock) (VP traded (ADJP (ADJP as high) (PP as (NP $ 10 *U*))) (NP-TMP this past summer)) .)) (TOP (S (NP-SBJ (NP Jonathan Lloyd) , (NP (NP (NP executive vice president) and (NP chief financial officer)) (PP of (NP Qintex Entertainment))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 Qintex Entertainment) (VP was (VP forced (S (NP-SBJ *-1) (VP to (VP file (PP-CLR for (NP protection)) (S-PRP (NP-SBJ-2 *) (VP to (VP avoid (S (NP-SBJ *-2) (VP going (PP-CLR into (NP default)) (PP-LOC under (NP (NP its agreement) (PP with (NP MCA))))))))))))))))) .)) (TOP (S (S (NP-SBJ The (ADJP (QP $ 5.9 million) *U*) payment) (VP was (ADJP-PRD due (NP-TMP Oct. 1)))) and (S (NP-SBJ (NP the deadline) (PP for (NP default))) (VP was (NP-PRD Oct. 19))) .)) (TOP (S (NP-SBJ Mr. Lloyd) (VP said (S (SBAR-ADV if (S (NP-SBJ Qintex) (VP had (VP defaulted)))) (NP-SBJ-1 it) (VP could (VP have (VP been (VP required (S (NP-SBJ *-1) (VP to (VP repay (NP (NP (QP $ 92 million) *U*) (PP in (NP debt)))))) (PP-LOC under (NP its loan agreements)))))))) .)) (TOP (S (NP-SBJ MCA) (PP-TMP on (NP Friday)) (VP said (SBAR that (S (PP-PRP as (NP (NP a result) (PP of (NP (NP Qintex 's) failure (S (NP-SBJ *) (VP to (VP make (NP the required payment)))))))) (NP-SBJ it) (VP was (VP terminating (NP (NP the distribution agreement) (PP on (NP (NP-TTL `` The New (S-TTL (NP-SBJ *) (VP Leave (NP It) (PP-CLR to (NP Beaver)))) '') (CONJP as well as) (NP other MCA properties))))))))) .)) (TOP (S (NP-SBJ Qintex Australia) (VP was `` (VP saying (ADVP-TMP (ADVP as recently) (PP as (NP last weekend))) (SBAR that (S (NP-SBJ they) (VP would (VP take (NP-CLR care) (PP of (NP the situation)))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 They) (VP continued (S (NP-SBJ *-1) (VP to (VP represent (NP that) (PP-CLR to (NP the board)))))) , '') (VP said (S *T*-2)) (NP-SBJ Mr. Lloyd) .)) (TOP (S `` (NP-SBJ We) (VP were (VP reassured (SBAR 0 (S (NP-SBJ they) (VP would (VP stand (PP-LOC-CLR behind (NP the company)))))))) . '')) (TOP (S (NP-SBJ Mr. Lloyd) (VP said (SBAR 0 (S (S (NP-SBJ-3 both (NP Qintex Entertainment) and (NP Qintex Australia)) (VP had (VP attempted (S (NP-SBJ *-3) (VP to (VP secure (NP (NP a loan) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP allow (S (NP-SBJ the company) (VP to (VP make (NP the (ADJP (QP $ 5.9 million) *U*) payment))))))))))))))) but (S (NP-SBJ-1 the request) (VP was (VP turned (NP-PRD *-1) (ADVP-CLR down) (PP by (NP-LGS an unidentified lender)) (PP-TMP on (NP Oct. 14)))))))) .)) (TOP (S-1 (PP-TMP At (NP that point)) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ Qintex Australia) (VP stated (SBAR 0 (S (NP-SBJ-2 it) (VP would `` (VP endeavor (S (NP-SBJ *-2) (VP to (VP arrange '' (NP the financing))))))))) .)) (TOP (S (ADVP However) (NP-SBJ a Qintex Australia spokesman) (VP said (SBAR 0 (S (NP-SBJ-1 his firm) (VP had (ADVP-TMP never) (VP `` promised or guaranteed '' (S (NP-SBJ *-1) (VP to (VP make (NP the payment))))))))) .)) (TOP (S (PP-LOC In (NP (NP a prepared statement) (PP from (NP Australia)))) , (NP-SBJ the company) (VP (ADVP also) said (SBAR that (S , (PP-TMP following (NP (NP the breakdown) (PP of (NP the MGM talks)))) , (NP-SBJ-1 it) (VP `` (VP had (VP been (VP re-evaluating (NP (NP its position) (PP as (NP (NP (NP a significant shareholder) and (NP a substantial creditor)) (PP of (NP Qintex Entertainment))))))) '') and (VP had `` (VP resolved (S (NP-SBJ *-1) (VP to (VP minimize (NP (NP the degree) (PP of (NP (NP further loans) (PP to (NP Qintex Entertainment)) (PP in (NP (NP excess) (PP of (NP (NP that) (VP (ADVP-TMP previously) made))))))))))))))))) . '')) (TOP (S (NP-SBJ The Qintex Australia spokesman) (VP added (SBAR that (S (NP-SBJ his company) (VP had (VP opposed (NP the Chapter 11 filing)))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the company) (VP believed (SBAR 0 (S (NP-SBJ-1 (NP Qintex Entertainment 's) financial problems) (VP could (VP have (VP been (VP resolved (NP *-1) (PP-MNR by (NP other means)))))))))))) .)) (TOP (S (NP-SBJ (NP The report) (PP of (NP the bankruptcy filing))) (VP stunned (NP Hollywood executives and investors)) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP 's (NP-PRD a shocker))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Joseph Di Lillo) , (NP (NP chairman) (PP of (NP (NP Drake Capital Securities) , (NP (NP a brokerage firm) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (NP (NP an investment) (PP-LOC in (NP Qintex Entertainment))))))))))) .)) (TOP (S (S (NP-SBJ-1 Qintex Australia) (VP was `` (VP going (S (NP-SBJ *-1) (VP to (VP pay (NP (QP more than $ 1 billion ) *U*) (PP-CLR for (NP MGM/UA)))))))) and (S (ADVP-TMP then) (NP-SBJ they) (VP could n't (VP come (PRT up) (PP-CLR with (NP (NP the (ADJP far smaller) sum) (PP of (NP (QP $ 5.9 million) *U*))))))) . '')) (TOP (S (NP-SBJ Qintex) (VP said (SBAR (SBAR 0 (S (NP-SBJ (NP Mr. Evans) , (NP the former president) ,) (VP resigned (PP-PRP for (NP `` personal reasons ''))))) and (SBAR that (S (NP-SBJ (NP Mr. Kimmel) , (NP an attorney) ,) (VP resigned (SBAR-PRP because (S (NP-SBJ (NP his participation) (PP in (S-NOM (NP-SBJ *) (VP evaluating (NP (NP (NP the company 's) role) (PP in (S-NOM (NP-SBJ *) (VP buying (NP MGM/UA))))))))) (VP was (ADJP-PRD no longer necessary))))))))) .)) (TOP (S (NP-SBJ Mr. Kimmel) (VP was (NP-PRD (NP a director) (PP of (NP (NP the company) and (NP a predecessor firm)))) (PP-TMP since (NP 1980))) .)) (TOP (S (NP-SBJ-2 The announcement) (VP seemed (S (NP-SBJ *-2) (VP to (VP (ADVP further) damp (NP (NP prospects) (SBAR that (S (NP-SBJ-1 (NP talks) (PP between (NP (NP Qintex Australia) and (NP MGM/UA)))) (VP might (VP be (VP revived (NP *-1))))))))))) .)) (TOP (S (NP-SBJ It) (VP 's (VP understood (SBAR that (S (NP-SBJ MGM/UA) (ADVP-TMP recently) (VP contacted (NP (NP (NP Rupert Murdoch 's) News Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP made (NP (NP two failed bids) (PP for (NP the movie studio)))))) ,) (S-PRP (NP-SBJ *) (VP to (VP see (SBAR-ADV if (S (NP-SBJ the company) (VP was (ADJP-PRD still interested)))))))))))) .)) (TOP (S (ADVP However) , `` (NP-SBJ we) (VP are n't (ADVP-TMP currently) (VP doing (NP anything))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ It) (VP is n't (NP-PRD (NP a current topic) (PP of (NP conversation))) (PP-LOC at (NP the company))) , '') (VP said (S *T*-1)) (NP-SBJ (NP Barry Diller) , (NP (NP chairman) and (NP chief executive officer) (PP of (NP (NP the Fox Inc. unit) (PP of (NP News Corp)))))) .)) (TOP (S (NP-SBJ Financial printer Bowne & Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP formed (NP (NP a business translation service) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP provide (NP legal , financial and other services) (PP in (NP (NP most major languages) , (PP including (NP Japanese , Chinese and Russian))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Japan 's) Finance Ministry) (ADVP-MNR strongly) (VP denied (S (NP-SBJ *-1) (VP playing (NP (NP any role) (PP-LOC in (NP the New York stock-price free fall)))))) .)) (TOP (S (NP-SBJ (NP Makoto Utsumi) , (NP (NP vice minister) (PP for (NP international affairs))) ,) (VP said (SBAR 0 (S (NP-SBJ the ministry) (VP did n't (PP in (NP any way)) (VP suggest (PP-CLR to (NP Japanese banks)) (SBAR that (S (NP-SBJ they) (VP stay (PP-CLR out (PP of (NP the UAL Corp. leveraged buy-out))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The ministry) (VP has (ADVP-TMP never) (ADVP even) (VP suggested (SBAR that (S (NP-SBJ Japanese banks) (VP be (ADJP-PRD cautious (PP about (NP leveraged buy-outs)) (PP in (ADJP general))))))))) , (NP-SBJ Mr. Utsumi) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ There) (VP are (NP-PRD no facts (PRN -LCB- (PP behind (NP the assertions)) -RCB-) (SBAR-1 that (S (NP-SBJ we) (VP sent (NP (NP any kind) (PP of (NP signal))))))))) , '' (NP-SBJ he) (VP declared (S *T*-2) (PP-LOC in (NP an interview))) .)) (TOP (S (NP-SBJ The comments) (VP (VP were (NP-PRD (NP (NP the ministry 's) first detailed public statement) (PP on (NP the subject)))) , and (VP reflect (NP (NP the ministry 's) concern (SBAR that (S (NP-SBJ foreigners) (VP will (VP think (SBAR 0 (S (NP-SBJ Japan) (VP is (VP using (NP its tremendous financial power) (S-PRP (NP-SBJ *) (VP to (VP control (NP (NP events) (PP-LOC in (NP foreign markets))))))))))))))))) .)) (TOP (S (NP-SBJ (NP A number) (PP of (NP (NP accounts) (PP of (NP (NP the events) (VP leading (PP-CLR to (NP (NP the 190 point drop) (PP-LOC in (NP New York stock prices)) (PP-TMP on (NP Oct. 13)))))))))) (VP accused (NP (NP the ministry) (PP of (S-NOM (NP-SBJ *) (VP pulling (NP the plug) (PP-CLR on (NP the UAL deal)) (PP-PRP for (NP (NP one reason) or (NP another)))))))) .)) (TOP (S (NP-SBJ Mr. Utsumi) (VP said (SBAR 0 (S (NP-SBJ (NP the most) (SBAR (WHNP-1 0) (S (NP-SBJ the ministry) (VP had (ADVP-TMP ever) (VP done (NP *T*-1)))))) (VP was (S-PRD (NP-SBJ *) (VP ask (NP Japanese banks) (PP-CLR about `` (NP (NP the status) (PP of (NP (NP their participation) '' (PP-LOC in (NP one previous U.S. leveraged buy-out)))))))))))) .)) (TOP (S (NP-SBJ The ministry) (VP inquired (PP-CLR about (NP (NP that deal) (PRN -- (SBAR (WHNP-2 which) (S (NP-SBJ-3 Mr. Utsumi) (VP declined (S (NP-SBJ *-3) (VP to (VP identify (NP *T*-2))))))) --))) (SBAR-PRP because (S (S (NP-SBJ-1 (NP the large presence) (PP of (NP Japanese banks)) (PP-LOC in (NP the deal))) (VP was `` (VP being (VP (ADVP-MNR strongly) criticized (NP *-1) (PP-LOC in (NP the U.S. Congress)))) '')) and (S (NP-SBJ (NP it) (SBAR *EXP*-4)) (VP was `` (ADJP-PRD necessary) (SBAR-4 for (S (NP-SBJ us) (VP to (VP grasp (NP the situation)))))))))) . '')) (TOP (S (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the inquiry) (VP was n't (VP made (PP-MNR in (NP (NP a way) (SBAR (WHNP-2 that) (S (NP-SBJ the banks) (VP could (VP have (VP interpreted (NP-1 *T*-2) (PP-CLR as (S-NOM (NP-SBJ *-1) (VP either encouraging or discouraging (NP participation))))))))))))))))) , and (S (NP-SBJ he) (VP added (SBAR that (S (NP-SBJ (NP none) (PP of (NP the Japanese banks))) (VP changed (NP (NP their posture) (PP on (NP the deal))) (PP as (NP (NP a result) (PP of (NP the inquiry))))))))) .)) (TOP (S (NP-SBJ Mr. Utsumi) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-2 some Japanese banks) (VP (VP were (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP participate (PP-LOC in (NP the UAL financing)) (PP-TMP up (PP to (NP the very end)))))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP suggest (PP at (NP the very least)) (SBAR that (S (NP-SBJ they) (VP were n't (PP-PRD under (NP orders (S (NP-SBJ *) (VP to (VP back (PRT out))))))))))))))))) .)) (TOP (S-1 (PP In (ADJP general)) (PRN , (S (NP-SBJ Mr. Utsumi) (VP said (S *T*-1))) ,) (NP-SBJ Japanese banks) (VP are (VP becoming (ADJP-PRD more `` independent '') (PP in (NP (NP their approach) (PP to (NP overseas deals)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Each Japanese bank) (VP has (NP its own judgment) (PP on (NP (NP the profits and risks) (PP-LOC in (NP that -LCB- UAL -RCB- deal)))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ They) (VP are (VP becoming (ADJP-PRD more independent))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD a sound phenomenon)) . '')) (TOP (S (NP-SBJ Sanwa Bank Ltd.) (VP is (NP-PRD (NP one Japanese bank) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP decided (S not (NP-SBJ *) (VP to (VP participate (PP-LOC in (NP the first UAL proposal)))))))))) .)) (TOP (S (NP-SBJ A Sanwa Bank spokesman) (VP denied (SBAR that (S (NP-SBJ the finance ministry) (VP played (NP (NP any part) (PP in (NP (NP the bank 's) decision))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP made (NP our own decision))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (ADVP Still) , (NP-SBJ Mr. Utsumi) (VP may (VP have (S (NP-SBJ a hard time) (VP convincing (NP (NP market analysts) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (ADVP rightly or wrongly) (VP believed (SBAR that (S (NP-SBJ the ministry) (VP played (NP (NP a role) (PP-LOC in (S-NOM (NP-SBJ *) (VP orchestrating (NP (NP recent moves) (PP by (NP Japanese banks))))))))))))))))))) .)) (TOP (S (NP-TMP All week) (NP-SBJ there) (VP has (VP been (NP-PRD (NP much speculation) (PP *ICH*-1)) (PP-LOC in (NP (NP financial circles) (UCP-LOC (PP in (NP Tokyo)) and (ADVP abroad)))) (PP-1 about (NP (NP the ministry 's) real position)))) .)) (TOP (S (NP-SBJ Bank analysts) (VP say (SBAR 0 (S (NP-SBJ ministry officials) (VP have (VP been (VP growing (ADJP-PRD increasingly concerned (PP *ICH*-1)) (PP-TMP during (NP the past few months)) (PP-1 about (S-NOM (NP-SBJ Japanese banks) (VP getting (PRT in) (PP-CLR over (NP their heads))))))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ The -LCB- ministry -RCB-) (VP thinks (SBAR (SBAR 0 (S (NP-SBJ the banks) (VP do n't (VP know (SBAR (WHNP-2 what) (S (NP-SBJ they) (VP are (VP doing (NP *T*-2))))))))) , (SBAR that (S (NP-SBJ they) (VP have (NP (NP very little idea) (SBAR (WHADVP-3 how) (S (NP-SBJ *) (VP to (VP cope (PP-CLR with (NP risk)) (ADVP-MNR *T*-3))))))))))) , '') (VP said (S *T*-4)) (NP-SBJ (NP one foreign bank analyst) (SBAR (WHNP-1 who) (S (NP-SBJ-5 *T*-1) (VP asked (S (NP-SBJ-6 *-5) not (VP to (VP be (VP identified (NP *-6))))))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ-2 The -LCB- ministry -RCB-) (VP wants (S (NP-SBJ *-2) (VP to (VP see (S (NP-SBJ the Japanese banks) (VP pull (PRT in) (NP their horns) '' (PP on (NP leveraged buy-outs))))))))) , (NP-SBJ he) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP some) (PP of (NP (NP the Japanese banks) (ADJP involved (PP in (NP (NP the first proposed bid) (PP for (NP UAL)))))))) (VP bowed (ADVP out) (SBAR-PRP because (S (NP-SBJ they) (VP found (S (NP-SBJ the terms) (ADJP-PRD unattractive)))))))) , (NP-SBJ observers) (NP-LOC here) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP have (NP (NP a hard time) (S-NOM (NP-SBJ *-1) (VP believing (SBAR that (S (NP-SBJ commercial considerations) (VP were (NP-PRD the only reason))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Japanese banks) (VP are (PP-PRD under `` (NP political pressure) '') (PP as well))) , (NP-SBJ the analyst) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ analysts) (VP point (PRT out) (SBAR that (S (NP-SBJ-2 Japanese banks) (VP have (NP (NP a reputation) (PP for (S-NOM (NP-SBJ *-2) (VP doing (NP (NP deals) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are n't (ADJP-PRD extremely profitable))))))))) (SBAR-ADV if (S (NP-SBJ they) (VP offer (NP the chance (S (NP-SBJ *) (VP to (VP (VP build (NP market share)) , (VP cement (NP an important business relationship)) or (VP curry (NP favor) (PP-CLR with (NP powerful bureaucrats)))))))))))))) .)) (TOP (S (ADVP Clearly) , (NP-SBJ some financial authorities) (VP are (ADJP-PRD concerned (PP about (NP (NP the Japanese banks role) (PP-LOC in (NP leveraged buy-outs)))))) .)) (TOP (S (PP-LOC At (NP a news conference)) (NP-TMP this week) , (NP-SBJ (NAC Bank (PP of (NP Japan))) Gov. Satoshi Sumita) (VP cautioned (S (NP-SBJ banks) (VP to (VP take (NP a `` prudent '' stance) (PP regarding (NP highly leveraged deals)))))) .)) (TOP (S-CLF (PP Despite (NP (NP Mr. Sumita 's) statements)) , (NP-SBJ it) (VP is (NP-PRD (NP (NP the Finance Ministry) , not (NP the central bank) ,)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (NP policy decisions))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ recent events) (VP may (VP cool (NP (NP some) (PP of (NP the leveraged buy-out fever))))))) , (NP-SBJ-1 Japanese banks) (VP are n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP walk (ADVP-CLR away) (PP-DIR from (NP the game))))))) .)) (TOP (S (S-TPC-1 (PP Despite (NP the risks)) , (NP-SBJ the deals) (VP can (VP be (NP-PRD an attractive way (SBAR for (S (NP-SBJ Japanese banks) (VP to (VP increase (NP their presence) (PP-LOC in (NP the U.S. market)))))))))) , (NP-SBJ bank analysts) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (UCP-PRD (ADJP Flush (PP with (NP cash)) (PP-LOC at (NP home))) , but (PP with (S-NOM (NP-SBJ-1 fewer customers) (VP to (VP lend (PP-DTV to (NP *-1)))))))) , (NP-SBJ-2 leading banks) (VP are (ADJP-PRD eager (S (NP-SBJ *) (VP to (VP expand (ADVP-LOC overseas)))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Jumping (ADVP-DIR in) (PP on (NP big deals)))) (VP is (NP-PRD (NP a high profile way) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP leapfrog (NP (NP the problem) (PP of (S-NOM (NP-SBJ *) (VP not having (NP a strong retail-banking network))))))))))) .)) (TOP (S (NP-SBJ (NP (NP France 's) national tobacco company) , (VP known (NP *) (PP-CLR for (S-NOM (NP-SBJ *) (VP making (NP (NP brown-tobacco cigarettes) (PP such as (NP Gauloises and Gitanes))))))) ,) (VP is (VP branching (PRT out))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (ADJP-PRD Concerned (PP by (NP (NP dipping demand) (PP for (NP its traditional products)))))) , (NP-SBJ-2 it) (VP is (VP moving (PP-DIR (CONJP not only) (PP into (NP blonde cigarettes)) , (CONJP but also) (PP into (NP (NP electronic car-parking payment cards) (SBAR (WHNP 0) (S (NP-SBJ-1 *) (VP to (VP be (VP sold (NP *-1) (PP-LOC in (NP neighborhood tobacco stores)))))))))))) .)) (TOP (S (NP-SBJ (NP Brown tobacco) (PP-LOC in (NP France))) (VP is (NP-PRD (NP a (ADJP more pungent) , (ADJP stronger) grade) (PP than (NP (NP (NP the lighter grade) , or (NP blonde tobacco) ,) (VP used (NP *) (PP-LOC in (NP so-called American-style cigarettes))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP are n't (NP-PRD Philip Morris Cos.))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Bertrand de Galle) , (NP (NP chairman) (PP of (NP (NP government-owned Societe Nationale d'Exploitation Industrielle des Tabacs & Allumettes S.A.) , (S (NP-SBJ *) (VP known (NP *) (PP-CLR as (NP Seita)))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR that (S (SBAR-PRP because (S (NP-SBJ-1 (NP Seita 's) profits) (VP are (VP limited (NP *-1) (PP by (NP-LGS government-controlled cigarette prices)))))) , (NP-SBJ he) (VP does n't (VP have (NP the cash) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP diversify (ADVP (ADVP as heavily) (SBAR *ICH*-2)) (PP into (NP food and drink)) (SBAR-2 as (S (NP-SBJ the U.S. concern) (VP has (VP done)))) (ADVP *T*-3)))))))))) .)) (TOP (S -LRB- (NP-TMP Last year) , (PP for (NP example)) , (NP-SBJ (NP Seita 's) net profit) (VP soared (NP-EXT 150 %) (PP-DIR to (NP (NP (QP 461.6 million) French francs) -LRB- (NP (QP $ 73.5 million) *U*) -RRB-)) (PP on (NP (NP sales) (PP of (NP (NP (QP FFr 27.68 billion) *U*) - (NP a (ADJP 1.7 %) profit margin)))))) . -RRB-)) (TOP (S (ADVP Instead) , (NP-SBJ he) (VP said (PP-LOC in (NP an interview)) , (SBAR 0 (S (NP-SBJ he) (VP is (VP looking (PP-CLR for (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP exploit (NP (NP (NP (NP France 's) network) (PP of (NP 39,000 tobacco agents)))) , (S-ADV (NP-SBJ (NP most) (PP of (NP them))) (NP-PRD cafes)) (ADVP-MNR *T*-1)))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Seita) (VP does n't (VP own (NP the French tabacs))))) , (NP-SBJ (NP its close alliance) (PP with (NP them))) (VP offers (NP distribution possibilities)) .)) (TOP (S (NP-SBJ One proposal) (VP is (S-PRD (NP-SBJ *) (VP to (VP introduce (NP (NP a new payment system) (PP for (NP parking)) (PP-LOC in (NP Paris))))))) .)) (TOP (S (PP Instead of (S-NOM (NP-SBJ *-2) (VP paying (PP-CLR for (NP parking)) (PP-MNR by (S-NOM (NP-SBJ *) (VP putting (NP money) (PP-PUT in (NP (NP the existing machines) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP deliver (NP little paper receipts)))))))))))) , (NP-SBJ-2 drivers) (VP would (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP buy (NP electronic cards) (PP-LOC in (NP local tobacco shops)))))))) .)) (TOP (S (SBAR-TMP Once (S (NP-SBJ-3 *) (VP activated (NP *-3)))) , (NP-SBJ-2 the card) (VP would (VP sit (PP-LOC in (NP (NP the car 's) window)) , (S-ADV (NP-SBJ *-2) (VP showing (NP traffic wardens) (SBAR-NOM (WHNP-1 (WHADVP how much) time) (S (NP-SBJ the motorist) (VP could (VP remain (NP-TMP *T*-1))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the motorist) (VP returned (PP-CLR to (NP his car)) (ADVP-TMP *T*-1)))) (NP-SBJ he) (VP (VP could (VP turn (NP-PRD the card) (PRT off))) and , (VP (SBAR-ADV if (S (NP-SBJ it) (VP showed (NP time remaining)))) , (VP save (NP it) (PP-CLR for (NP later))))) .)) (TOP (S (NP-SBJ Seita) (VP is (NP-PRD (NP a partner) (PP-LOC in (NP (NP the project) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP developed (NP *-1) (PP by (NP-LGS Matra SA)) (S-ADV (NP-SBJ *) (VP using (NP Japanese technology))))))))))) .)) (TOP (S (NP-SBJ Seita and Matra) (ADVP-TMP currently) (VP are (VP negotiating (PP-CLR with (NP city officials)) (PP for (NP the right (S (NP-SBJ *) (VP to (VP begin (NP service)))))))) .)) (TOP (S And (NP-SBJ Seita) (VP is (VP considering (NP further diversification))) .)) (TOP (S (NP-SBJ-1 It) (VP (VP wanted (S (NP-SBJ *-1) (VP to (VP buy (NP (NP (NP RJR Nabisco Inc. 's) French cracker subsidiary) , (NP-LOC Belin) ,)))) (PP in (NP (NP hopes) (PP of (S-NOM (NP-SBJ *-1) (VP selling (NP its products) (PP-LOC in (NP tobacco stores)))))))) , but (VP lost (NP the bidding) (PP-CLR to (NP food group BSN SA)))) .)) (TOP (S (NP-SBJ-1 It) (ADVP-TMP currently) (VP is (VP considering (S (NP-SBJ *-1) (VP bidding (PP-CLR for (NP Swedish Match Co)))))) .)) (TOP (S And (NP-SBJ it) (VP retains (NP (NP an interest) (PP in (S-NOM (NP-SBJ *) (VP acquiring (NP (NP (NP candies) and (NP other articles)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP might (VP be (VP sold (NP *-1) (PP-LOC in (NP tobacco shops))))))))))))) .)) (TOP (S (NP-SBJ-1 It) (ADVP also) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP shore (PRT up) (NP its tobacco business)))))) .)) (TOP (S (NP-SBJ (NP Brown-tobacco cigarettes) (PP such as (NP Gauloises))) (ADVP-TMP now) (VP make (PRT up) (NP (NP (NP just 40 %) (PP of (NP the French tobacco market))) , (NP (NP half the level) (PP of (NP (NP about two decades) (ADVP-TMP ago)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Seita) (VP retains (NP a manufacturing monopoly) (PP-LOC in (NP France))))) , (NP-SBJ-1 it) (VP is (VP being (VP hurt (NP *-1) (PP (PP by (NP-LGS rising imports)) and (PP from (NP waning cigarette demand)))))) .)) (TOP (S (ADVP So) (NP-SBJ-1 Seita) (VP (VP has (VP introduced (NP blonde cigarettes) (PP-LOC under (NP the Gauloises label)))) , and (VP intends (S (NP-SBJ *-1) (VP to (VP relaunch (NP the unsuccessful Gitanes Blondes) (PP-MNR in (NP (NP new packaging) , (ADJP similar (PP to (NP (NP the slide-packs) (VP used (NP *) (PP by (NP-LGS brown-tobacco Gitanes))))))))))))) .)) (TOP (S-2 (NP-SBJ The aim) (PRN , (SINV (VP says (S *T*-2)) (NP-SBJ Mr. de Galle)) ,) (VP is (S-PRD (S (NP-SBJ *) (VP to (VP win (NP market share) (PP-CLR from (NP imported cigarettes))))) , and (S (NP-SBJ *) (VP to (VP persuade (NP (NP-4 smokers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (VP switching (PP-CLR to (NP blonde cigarettes))))))) (S (NP-SBJ-3 *-4) (VP to (VP keep (S (NP-SBJ *-3) (VP buying (ADVP-CLR French))))))))))) .)) (TOP (S (SBAR-ADV (WHADVP-1 When) (S (NP-SBJ the Supreme Court) (VP upheld (NP (NP Missouri 's) abortion restrictions) (NP-TMP last July) (ADVP-TMP *T*-1)))) , (NP-SBJ the justices) (ADVP almost certainly) (VP did n't (VP have (NP (NP drunk driving) , (NP trespassing) and (NP false imprisonment)) (PP-CLR on (NP their minds)))) .)) (TOP (S But (NP-SBJ the 5-4 ruling) (VP may (VP have (VP had (NP (NP as much immediate impact) (PP on (NP (NP those activities) (PRN -- (NP especially trespassing) --))) (PP as (PP on (NP abortion rights))))))) .)) (TOP (S (NP-SBJ (NP The decision) , (NP Webster vs. Reproductive Health Services) ,) (VP illustrates (SBAR (WHADVP-3 how) (S (NP-SBJ Supreme Court rulings) (ADVP-TMP often) (VP have (NP a ripple effect) (ADVP *T*-3) , (S-ADV (NP-SBJ *) (VP spreading (PP-DIR into (NP (NP areas) (PP of (NP law and policy)) (SBAR (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP were n't (NP-PRD (NP part) (PP of (NP (NP the actual cases) (VP decided (NP *)))))))) and (SBAR (WHNP-4 that) (S (NP-SBJ-1 *T*-4) (ADVP-TMP never) (VP were (VP contemplated (NP *-1) (PP by (NP-LGS the justices))))))))))))))) .)) (TOP (S (PP-LOC In (NP the Missouri case)) , (NP-SBJ unforeseen consequences) (VP may (VP have (VP arisen (SBAR-PRP because (S (NP-SBJ the high court) (VP reinstated (NP (NP the preamble) (PP of (NP (NP the state 's) 1986 abortion law))))))))) .)) (TOP (S (NP-SBJ The preamble) (VP says (SBAR (SBAR that (S (NP-SBJ human life) (VP begins (PP-TMP-CLR at (NP conception))))) and (SBAR that (S (NP-SBJ unborn children) (VP have (NP (NP rights) (VP protected (NP *) (PP by (NP-LGS the Constitution))))))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ-1 (NP a federal appeals court) (PP-LOC in (NP St. Louis))) (VP said (SBAR 0 (S (NP-SBJ the preamble) (VP was (ADJP-PRD unconstitutional)))) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP an earlier Supreme Court ruling) (SBAR that (S (NP-SBJ states) (VP ca n't (VP justify (NP stricter abortion curbs) (PP by (S-NOM (NP-SBJ *) (VP changing (NP (NP the definition) (PP of (SBAR-NOM (WHADVP-2 when) (S (NP-SBJ life) (VP begins (ADVP-TMP-CLR *T*-2))))))))))))))))) .)) (TOP (S But (NP-SBJ the Supreme Court) (VP concluded (SBAR that (S (NP-SBJ (NP it) (S *ICH*-1)) (VP was (ADJP-PRD premature) (S-1 (NP-SBJ *) (VP to (VP rule (PP-CLR on (NP (NP the constitutionality) (PP of (NP the preamble))))))) (SBAR-PRP because (S (NP-SBJ-2 (NP the definition) (PP of (NP human life))) (VP had n't (ADVP-TMP yet) (VP been (VP used (NP-3 *-2) (S-CLR (NP-SBJ *-3) (VP to (VP restrict (NP abortion services))))))))))))) .)) (TOP (S (NP-SBJ The high court majority) (VP said (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP was (PP-PRD up (PP to (NP the state courts))) (PP-TMP for (NP now)) (S-1 (NP-SBJ *) (VP to (VP decide (SBAR-NOM whether (S (NP-SBJ the definition) (VP has (NP (NP any bearing) (PP on (NP other state laws))))))))))))) .)) (TOP (S (ADVP-TMP Already) , (NP-SBJ local Missouri judges) (VP have (VP relied (PP-CLR on (NP the restored preamble)) (PP-LOC in (NP two separate cases)) (S-PRP (NP-SBJ *) (VP to (VP throw (PRT out) (NP (NP criminal trespass charges) (PP against (NP (NP anti-abortion demonstrators) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP blocked (NP (NP access) (PP to (NP (NP Reproductive Health Services) , (NP (NP an abortion clinic) (PP-LOC in (NP St. Louis))))))))))))))))) .)) (TOP (S (NP-SBJ The protesters) (VP said (SBAR 0 (S (NP-SBJ their actions) (VP were (ADJP-PRD justified (PP by (NP the desire (S (NP-SBJ *) (VP to (VP save (NP (NP the lives) (PP of (NP unborn children))))))))))))) .)) (TOP (S (PP-LOC Under (NP a 1981 Missouri law)) , (NP-SBJ (NP persons) (VP accused (NP *) (PP-CLR of (NP (NP some crimes) , (PP including (NP trespassing)) ,)))) (VP may (VP offer (NP a defense (SBAR that (S (NP-SBJ their actions) (VP were (ADJP-PRD justified `` (PP as (NP (NP an emergency measure) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP avoid (NP an imminent (ADJP public or private) injury)))))))))))))) . '')) (TOP (S (S-ADV (NP-SBJ *) (VP Relying (PP-CLR on (NP (NP the preamble 's) statement (SBAR that (S (NP-SBJ a fetus) (VP is (NP-PRD an unborn child)))))))) , (NP-SBJ the two St. Louis County Circuit Court judges) (PP-TMP in (NP August)) (VP accepted (NP the justification (SBAR that (S (NP-SBJ-1 the abortion clinic protesters) (VP were (VP trying (S (NP-SBJ *-1) (VP to (VP save (NP lives)))))))))) .)) (TOP (S (PP-LOC In (NP another case)) , (NP-SBJ-1 (NP a protester) , (NP Ann O'Brien) ,) (VP was (VP convicted (NP *-1) (PP-CLR of (NP trespass)) (PP-TMP before (NP (NP the Supreme Court 's) Webster ruling)))) .)) (TOP (S (NP-TMP Last week) , (SBAR-ADV (WHADVP-2 when) (S (NP-SBJ-1 her appeal) (VP was (VP argued (NP *-1) (PP-LOC before (NP (NP the Missouri Court) (PP of (NP Appeals)))) (ADVP-TMP *T*-2))))) , (NP-SBJ her lawyer) (VP (ADVP also) relied (PP-CLR on (NP the preamble))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ (NP The effect) (PP of (NP the Supreme Court Webster opinion))) (VP is (SBAR-PRD that (S (NP-SBJ it) (VP left (NP (NP room) (SBAR (WHADVP-3 0) for (S (NP-SBJ grass) (VP to (VP grow (PP-LOC in (NP (NP the cracks) (PP of (NP Roe vs. Wade)))) (ADVP-LOC *T*-3))))))))))) , and (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ this) (VP is (NP-PRD (NP one) (PP of (NP the cracks))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Mark Belz) , (NP (NP a St. Louis lawyer) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP represented (NP (NP Ms. O'Brien) and (NP the other St. Louis protesters))))))) .)) (TOP (S (NP-SBJ Roe vs. Wade) (VP was (NP-PRD (NP (NP the Supreme Court 's) 1973 decision) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP recognized (NP (NP (NP a woman 's) right) (PP to (NP abortion)))))))) .)) (TOP (S (NP-SBJ (NP Mario Mandina) , (NP (NP president) (PP of (NP (NP Kansas City Lawyers) (PP for (NP Life))))) ,) (VP says (SBAR that (SBAR 0 (S (SBAR-ADV if (S (NP-SBJ-1 abortion foes) (VP succeed (PP in (S-NOM (NP-SBJ *-1) (VP using (NP-2 the preamble) (S-CLR (NP-SBJ *-2) (VP to (VP escape (NP (NP prosecution) (PP for (NP trespass)))))))))))) , `` (NP-SBJ This) (VP will (VP shut (PRT down) (NP abortion) (PP-LOC in (NP Missouri)))))))) .)) (TOP (S (S (NP-SBJ There) (VP 's (NP-PRD (NP no risk) (PP to (NP the protesters))))) , and (S (NP-SBJ you) (VP ca n't (VP keep (S (NP-SBJ an abortion clinic) (ADVP-PRD open)) (SBAR-ADV if (S (NP-SBJ there) (VP are (NP-PRD (NP 3,000 people) (VP standing (ADVP-LOC outside) (NP-TMP every day))))))))) . '')) (TOP (S (NP-SBJ That) (VP would (VP be (NP-PRD (NP an ironic result) (PP of (NP (NP a case) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ-2 the Supreme Court) (VP (ADVP-MNR expressly) stopped (ADVP-CLR short) (PP-CLR of (S-NOM (NP-SBJ *-2) (VP overruling (NP Roe vs. Wade)))) (PP-LOC *T*-1))))))))) .)) (TOP (S (PP-LOC In (NP two other cases)) , (NP-SBJ (NP the possible consequences) (PP of (NP the Supreme Court ruling))) (VP appear (ADJP-PRD even more unintended)) .)) (TOP (S (PP-LOC In (NP one)) , (NP-SBJ (NP the lawyer) (PP for (NP (NP a 20-year-old resident) (PP of (NP (NP Columbia) , (NP Mo.) ,)) (SBAR (WHNP-4 who) (S (NP-SBJ-1 *T*-4) (VP was (VP charged (NP *-1) (PP-CLR with (NP drunk driving)))))) ,))) (VP argued (SBAR that (S (NP-SBJ-2 his client) (VP should (VP be (VP treated (NP *-2) (PP-CLR as (NP a 21-year-old adult)) (SBAR-PRP because (S (NP-SBJ-3 his actual age) (VP should (VP be (VP calculated (NP *-3) (PP (PP from (NP conception)) , not (PP from (NP birth)))))))))))))) .)) (TOP (S (PP-LOC In (NP Missouri)) , (NP-SBJ (NP those) (VP caught (NP *) (S (NP-SBJ *) (VP drinking and driving)) (PP between (NP (NP the ages) (PP of (NP 16 and 21)))))) (VP may (VP have (S (NP-SBJ their licenses) (VP revoked (PP-TMP for (NP one year)))) , (SBAR-ADV while (S (NP-SBJ (NP those) (UCP (NP 21) or (ADJP older))) (VP suffer (NP only a 30-day suspension)))))) .)) (TOP (S (S (NP-SBJ A Boone County judge) (VP rejected (NP the motion))) , but (S (NP-SBJ (NP Daniel Dodson) , (NP a Jefferson City lawyer) ,) (VP says (SBAR 0 (S (NP-SBJ he) (VP has (VP appealed)))))) .)) (TOP (S And (PP-LOC in (NP (NP a case) (VP filed (NP *) (PP-LOC in (NP federal court)) (PP-TMP in (NP August))))) , (NP-SBJ a lawyer) (VP is (VP arguing (SBAR that (S (NP-SBJ Missouri authorities) (VP are (VP (ADVP wrongfully) imprisoning (NP (NP the fetus) (PP of (NP (NP a pregnant woman) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (PP-LOC-PRD in (NP jail)) (PP for (NP theft and forgery)))))))))))))) .)) (TOP (S (PP In (NP (NP terms) (PP of (NP sheer brutality)))) , (NP-SBJ (NP the Somali regime) (PP of (NP Siad Barre))) (VP may (VP rank (PP-CLR as (NP (NP No. 1) (PP-LOC in (NP the world)))))) .)) (TOP (S (NP-SBJ The only reason (SBAR that (S (NP-SBJ Somalia) (VP remains (PP-LOC in (NP obscurity)))))) (VP is (NP-PRD numbers) : (FRAG (NP (NP (NP a (ADJP sparsely populated) wasteland) (PP of (NP (QP 8.5 million) people))) (VP spread (NP *) (ADVP-CLR out) (PP-LOC over (NP (NP an expanse) (NP (NP nearly the size) (PP of (NP Texas))))))))) .)) (TOP (S (NP-SBJ The Barre dictatorship) (VP (ADVP simply) is (ADJP-PRD limited (PP in (NP (NP the amount) (PP of (NP people)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP can (VP torture and kill (NP *T*-1))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP (VP Beheading (NP small children)) , (VP stabbing (NP elderly people) (PP to (NP death))) , (VP raping and shooting (NP women)) , and (VP burying (NP people) (ADVP-CLR alive)))) (VP are (NP-PRD (NP just a few) (PP of (NP (NP the grisly activities) (SBAR (WHNP-3 that) (S (NP-SBJ-2 the Somali armed forces) (VP have (VP been (VP engaged (NP *-2) (PP-CLR in (NP *T*-3)) (PP-TMP over (NP the past two years))))))))))) .)) (TOP (S (NP-SBJ (QP Up to 500,000) Somalis) (VP have (VP escaped (PP-LOC-CLR to (NP (NP the relative safety) (PP of (NP Marxist Ethiopia)))) (PP-PRP because of (NP (NP the behavior) (PP of (NP (NP President Barre 's) troops)))))) .)) (TOP (S (PP-LOC In (NP (NP the port) (PP of (NP Berbera)))) , (PP for (NP example)) , (NP-SBJ-2 (NP hundreds) (PP of (NP (NP men) (PP of (NP the rival Issak clan))))) (VP were (VP (VP rounded (NP *-2) (PRT up) (PP-TMP in (NP May 1988))) , (VP imprisoned (NP *-2)) , and (VP (ADVP-TMP then) taken (ADVP out) (PP-TMP at (NP night)) (PP-MNR in (NP (NP groups) (PP of (NP (QP five to 50) men)))) (S-PRP (NP-SBJ-1 *-2) (VP to (VP be (VP executed (NP *-1) (PP-MNR without (NP any judicial process whatsoever))))))))) .)) (TOP (S (S (NP-SBJ-1 Guns) (VP were (VP (ADVP-TMP never) used (NP *-1)))) : (S (NP-SBJ-2 Each man) (VP was (VP stabbed (NP *-2) (PP-CLR to (NP death)) (PP with (NP a large knife))))) .)) (TOP (S (NP-SBJ The horrific details) (VP are (ADVP-TMP only now) (VP emerging (PP-CLR from (NP (NP a painstakingly documented report) , (PP based (PP-CLR on (NP (NP hundreds) (PP of (NP (NP interviews) (PP with (NP randomly selected refugees))))))))))) .)) (TOP (S (NP-SBJ-1 The study) (VP was (VP done (NP *-1) (PP by (NP-LGS (NP (NP Robert Gersony) , (NP (NP a consultant) (PP to (NP the U.S. State Department)) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP has (NP (NP years) (PP of (NP (NP experience) (PP in (S-NOM (NP-SBJ *) (VP investigating (NP (NP human-rights abuses) (PP on (NP (NP both sides) (PP of (NP the left-right ideological divide)))))))))))))))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP gives (NP these events) (NP particular significance)))) , (ADVP however) , (VP is (NP-PRD the fact (SBAR that (S (NP-SBJ they) (VP are (NP-PRD (NP part) (PP of (NP (NP a wider drama) (VP affecting (NP (NP the strategic positions) (PP of (NP both (NP the U.S.) and (NP the Soviet Union))) (PP-LOC on (NP (NP the horn) (PP of (NP Africa)))))))))))))) .)) (TOP (SINV (PP-TMP Not since (NP the late 1970s)) (VP has) (NP-SBJ the horn) (VP been (PP-PRD (PP so up (PP for (NP grabs))) (SBAR-ADV as (S (NP-SBJ it) (VP has (VP (ADVP-TMP suddenly) become (PP-TMP in (NP just the past few weeks)) (PP-PRD *?*))))))) .)) (TOP (S (NP-SBJ (NP Mr. Barre 's) rule) (VP is (VP crumbling (ADVP-MNR fast))) .)) (TOP (S (NP-SBJ Mutinies) (VP wrack (NP (NP (NP his armed forces) (PRN -LRB- (NP really just an armed gang) -RRB-)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP control (NP (QP less than half) the country)))))) .)) (TOP (S (NP-SBJ Inflation) (VP is (PP-LOC-PRD at (NP record levels))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (ADJP-PRD Desperate)) , (NP-SBJ-2 he) (VP has (VP called (PRT in) (NP-3 the Libyans) (S (NP-SBJ-4 *-3) (VP to (VP help (S (NP-SBJ *-4) (VP fight (NP (NP the rebels) (PP of (NP (NP the Somali National Movement) (PP-LOC in (NP the north)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP only one) (PP of (NP (NP several groups) (VP picking (PRT away) (PP-LOC-CLR at (NP the regime)) (PP-LOC in (NP (NP the capital) (PP of (NP Mogadishu))))))))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (UCP-PRD (ADJP (NP Seventy years) old) and (NP a self-declared `` scientific socialist , ''))) (NP-SBJ-2 President Barre) (VP has (NP (NP a power base) , (VP composed (NP *) (PP-CLR only of (NP (NP his minority Mareham clan) , (SBAR (WHNP-1 that) (S (PP according (PP to (NP observers))) (NP-SBJ *T*-1) (VP is `` (VP narrowing))))))))) . '')) (TOP (S (NP-SBJ (NP (NP The U.S. 's) interest) (PP-LOC in (NP Somalia))) (VP consists (PP-CLR of (NP (NP a single runway) (PP-LOC at (NP (NP the port) (PP of (NP Berbera)))) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 U.S. military aircraft) (VP have (NP the right (S (NP-SBJ *-2) (VP to (VP use (NP *T*-1) (PP-PRP for (NP (NP surveillance) (PP of (NP (NP (NP the Gulf) (PP of (NP Aden))) and (NP the Indian Ocean))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP That strip) (PP of (NP concrete))) (VP is (VP backed (NP *-1) (PRT up) (PP by (NP-LGS (NP a few one-story , air-conditioned shacks) (SBAR (WHADVP-2 where) (S (NP-SBJ (NP (NP a handful) (PP of (NP American nationals))) (PRN -- (VP buttressed (NP *) (PP by (NP-LGS (NP imported food) , (NP cold soft drinks) and (NP (NP back issues) (PP of (NP Sports Illustrated)))))) --)) (VP maintain (NP (NP radio contact) (PP with (NP the outside world))) (ADVP-LOC *T*-2)))))))) .)) (TOP (S (PP-TMP In (NP the past two years)) , (NP-SBJ (NP the desert) (PP-LOC behind (NP them))) (VP has (VP become (NP-PRD (NP (NP a land) (PP of (NP (NP mass executions) and (NP utter anarchy)))) , (SBAR (WHADVP-1 where) , (S (PP-PRP due to (NP (NP Mr. Barre 's) brutality and ineptitude)) , (NP-SBJ nobody) (VP is (ADVP-TMP any longer) (PP-PRD in (NP control)) (ADVP-LOC *T*-1))))))) .)) (TOP (S (SBAR (ADVP As long as) (S (NP-SBJ (NP the rival Soviet-backed regime) (PP of (NP Mengistu Haile Mariam))) (VP held (NP a total gridlock) (PP-LOC over (NP neighboring Ethiopia))))) , (NP-SBJ-1 the U.S.) (VP was (VP forced (S (NP-SBJ *-1) (VP to (VP accept (NP that lonely Berbera runway) (PP-CLR as (NP (NP a distant No. 2) (PP to (NP (NP (NP the Soviets ') array) (PP of (NP airfields)) (PP-LOC next (NP door))))))))))) .)) (TOP (S But (PP-PRP due to (NP (NP dramatic events) (PP-LOC on (NP the battlefield)) (PP-TMP over (NP the past few days and weeks)))) , (NP-SBJ those Soviet bases) (VP may (ADVP-TMP soon) (VP be (ADJP-PRD (ADJP (ADJP as endangered) and (ADJP as lonely)) (PP as (NP the American runway))))) .)) (TOP (S (PP-TMP On (NP Sept. 7)) , (NP-SBJ I) (VP wrote (PP-LOC on (NP these pages)) (PP-CLR about (NP (NP the killing and capturing) (PP of (NP 10,000 Ethiopian soldiers)) (PP by (NP Eritrean and Tigrean guerrillas))))) .)) (TOP (S (ADVP-TMP Recently) , (PP-LOC in (NP (NP Wollo province) (PP-LOC in (NP (NP the center) (PP of (NP Ethiopia)))))) , (NP-SBJ Tigrean forces) (VP have (VP killed , wounded and captured (NP an additional 20,000 government troops))) .)) (TOP (S -LRB- (NP-SBJ *) (VP Think (SBAR (WHNP-1 what) (S (NP-SBJ these numbers) (VP mean (NP *T*-1)))) -- (PP considering (NP (NP the headline space) (VP devoted (NP *) (PP-CLR to (NP (NP hundreds) (PP of (NP (NP deaths) (PP-LOC in (NP (NP Lebanon) , (NP (NP a small country) (PP of (NP little strategic importance))))))))))))) ! -RRB-)) (TOP (S (NP-SBJ-3 Tigrean armies) (VP are (ADVP-TMP now) (ADVP-LOC-PRD (NP 200 miles) north (PP of (NP Addis Ababa))) , (S-ADV (NP-SBJ *-3) (VP (VP threatening (NP (NP the town) (PP of (NP Dese)))) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP cut (PRT off) (NP (NP Mr. Mengistu 's) capital) (PP-CLR from (NP (NP the port) (PP of (NP Assab)) , (SBAR (WHPP-2 through (WHNP which)) (S (NP-SBJ (NP all fuel) and (NP other supplies)) (VP reach (NP Addis Ababa) (PP *T*-2))))))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ-1 Mr. Mengistu) (VP has (VP been (VP forced (S (NP-SBJ *-1) (VP to (VP transfer (NP (NP thousands) (PP of (NP troops))) (PP-CLR from (NP Eritrea))))) (S-PRP (ADVP just) (NP-SBJ *) (VP to (VP hold (NP the town)))) , (S-ADV (NP-SBJ *) (VP (ADVP thereby) risking (NP (NP the loss) (PP of (NP (NP even more territory) (PP-LOC in (NP Eritrea))))) (S-PRP (ADVP only) (NP-SBJ *) (VP to (VP keep (S (NP-SBJ the Tigreans) (PP-LOC-PRD at (NP bay))))))))))) .)) (TOP (S (S (NP-SBJ Mr. Mengistu) (VP is (PP-PRD in (NP an increasingly weak position)))) : (S (NP-SBJ-1 Half his army) (VP is (VP tied (NP *-1) (PRT down) (S-CLR (NP-SBJ *-1) (VP defending (NP (NP the northern city) (PP of (NP Asmara))) (PP-CLR from (NP the Eritreans))))))) .)) (TOP (S (SBAR-ADV (X The weaker) (S (NP-SBJ he) (VP gets))) , (X the more) (NP-SBJ he) (VP turns (PP-DIR toward (NP the U.S.)) (PP-CLR for (NP help))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the Tigreans) (VP are (NP-PRD communists)))) , (PP like (NP the Eritreans)) (NP-SBJ-1 they) (VP are (PP-PRD among (NP (NP the most anti-Soviet guerrillas) (PP-LOC in (NP the world)))) , (S-ADV (NP-SBJ *-1) (VP having (VP suffered (NP (NP more) (PP than (NP (NP a decade) (PP of (NP (NP aerial bombardment) (PP by (NP the Soviet-supplied Mengistu air force))))))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ this) (ADVP all) (VP means (NP *T*-1) (PP in (NP shorthand))))) (VP is (SBAR-PRD that (S (NP-SBJ (NP Soviet dominance) (PP-LOC in (NP Ethiopia))) (VP is (VP collapsing (ADVP-MNR (ADVP as fast) (SBAR as (S (NP-SBJ (NP (NP President Barre 's) regime) (PP-LOC in (NP Somalia))) (VP is (ADVP-PRD *?*)))))))))) .)) (TOP (S (NP-SBJ The U.S.) , (ADVP therefore) , (VP has (NP a historic opportunity (S (NP-SBJ *) (VP both (VP to (VP strike (NP (NP a blow) (PP for (NP human rights))) (PP-LOC in (NP Somalia)))) and (VP to (VP undo (NP (NP the superpower flip-flop) (PP of (NP the late 1970s)) (PP-LOC on (NP (NP the Horn) (PP of (NP Africa))))))))))) .)) (TOP (FRAG (ADVP Back (PP to (NP Somalia))) :)) (TOP (S (NP-SBJ-2 The State Department) , (PP to (NP its credit)) , (VP has (ADVP-TMP already) (VP begun (S (NP-SBJ *-2) (VP distancing (NP itself) (PP-CLR from (NP Mr. Barre)))) , (S-ADV (NP-SBJ *) (VP evinced (NP *) (PP by (NP-LGS its decision (S (NP-SBJ *) (VP to (VP publish (NP (NP the Gersony report) (PRN -LRB- (SBAR (WHNP-1 which) (S (NP-SBJ the press) (VP has (VP ignored (NP *T*-1))))) -RRB-))))))))))) .)) (TOP (S (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (NP-PRD more)))) , (NP-SBJ the U.S.) (VP has (VP suspended (NP (NP (NP (QP $ 2.5 million) *U*) (PP in (NP military aid))) and (NP (NP (QP $ 1 million) *U*) (PP in (NP economic aid)))))) .)) (TOP (S But (NP-SBJ this) (VP is (ADJP-PRD not enough)) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ the U.S.) (VP is (ADVP-TMP still) (VP perceived (S (NP-SBJ-1 *) (VP to (VP be (VP tied (NP *-1) (PP-CLR to (NP Mr. Barre)))))))))) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ he) (VP goes (ADVP-TMP *T*-2)))) (NP-SBJ the runway) (VP could (VP go (ADVP too))) .)) (TOP (S (PP Considering (SBAR-NOM (WHADJP-1 how tenuous) (S (NP-SBJ (NP the security) (PP of (NP that runway))) (VP is (ADVP-PRD anyway) (ADJP *T*-1))))) , (NP-SBJ (NP the better option) (PRN -- (ADVP both morally and strategically) --)) (VP would (VP be (SBAR-PRD for (S (NP-SBJ the Bush administration) (VP to (VP blast (NP the regime) (ADVP-MNR publicly) , (PP in (NP (NP terms) (ADJP clear enough (PP for (NP all influential Somalis)) (S (NP-SBJ *) (VP to (VP understand)))))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP is (NP-PRD a certainty) (SBAR-2 that (S (NP-SBJ-1 (NP Mr. Barre 's) days) (VP are (VP numbered (NP *-1)))))) .)) (TOP (S (NP-SBJ The U.S.) (VP should (VP take (NP-CLR care , (ADVP however) , (SBAR that (S (NP-SBJ (NP its own position) (PP-LOC in (NP the country))) (VP does not (VP go (ADVP-CLR down) (PP with (NP him))))))))) .)) (TOP (S (NP-SBJ Nobody) (VP is (ADJP-PRD sure (SBAR (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP will (VP come (ADJP-PRD next) (PP-LOC in (NP Somalia)))))) or (SBAR (WHNP-2 whom) (S (NP-SBJ the successor) (VP might (VP be (NP-PRD *T*-2)))))))) .)) (TOP (S But (SBAR-ADV as (S (NP-SBJ one expert) (VP tells (NP me)))) : `` (SBAR-NOM-SBJ-2 (WHNP-1 Whoever) (S (NP-SBJ it) (VP is (NP-PRD *T*-1)))) (VP will (VP have (S (NP-SBJ-3 *-2) (VP to (VP work (ADVP-MNR pretty damn hard) (S-PRP (NP-SBJ *-3) (VP to (VP be (ADJP-PRD (ADJP worse) (PP than (NP Barre))))))))))) . '')) (TOP (S (SBAR While (S (NP-SBJ the State Department) (VP positions (NP itself) (PP-PRP for (NP (NP the post-Barre period) (PP-LOC in (NP Somalia))))))) , (NP-SBJ-1 it) (VP should (VP continue (S (NP-SBJ *-1) (VP to (VP back (NP (NP former President Carter 's) well-intentioned role) (PP-CLR as (NP (NP a mediator) (PP between (NP (NP Mr. Mengistu) and (NP (NP the Eritrean guerrillas) (PP-LOC in (NP Ethiopia)))))))))) , (SBAR-TMP while (S (NP-SBJ *) (ADVP-MNR concomitantly) (VP opening (PRT up) (NP (NP channels) (PP of (NP communications)) (PP with (NP the Tigrean rebels))) (PP-LOC-MNR through (NP neighboring Sudan))))))) .)) (TOP (S (NP-SBJ Ethiopian politics) (VP are (NP-PRD (NP the most sophisticated , secretive and Byzantine) (PP-LOC in (NP (NP all) (PP of (NP black Africa)))))) .)) (TOP (S (NP-SBJ *) (VP Remember (NP (SBAR that (S (NP-SBJ it) (VP took (NP Mr. Mengistu) (NP-TMP many months) , (PP in (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP became (VP known (PP-CLR as (NP the `` creeping coup , ''))))))) (S (NP-SBJ *) (VP to (VP topple (NP Emperor Haile Selassie) (PP-TMP in (NP 1974 and 1975)))))))))) .)) (TOP (S (NP-SBJ There) (VP is (ADVP simply) (NP-PRD no way (S (NP-SBJ *) (VP to (VP engineer (NP a succession) (ADVP-MNR covertly))))) , (SBAR as (S (NP-SBJ *) (VP is (ADJP-PRD sometimes possible) (NP-LOC (NP elsewhere) (PP-LOC on (NP the continent))))))) .)) (TOP (S But (S (NP-SBJ the U.S.) (VP has (NP one great advantage))) : (S (NP-SBJ-1 The Soviets) (VP are (VP (ADVP universally) loathed (NP *-1) (PP-LOC throughout (NP Ethiopia)) (SBAR-PRP for (SBAR-NOM (WHNP-2 what) (S (NP-SBJ they) (VP did (NP *T*-2) (PP-CLR to (NP the country)) (NP-TMP this past decade) -- (NP-ADV (NP famine) and (NP all))))))))) .)) (TOP (S (NP-SBJ It) (VP 's (PP-PRD not just (PP-LOC in (NP (NP Eastern Europe) (SBAR (WHADVP-1 where) (S (NP-SBJ (NP the march) (PP of (NP events))) (VP is (ADVP-TMP finally) (PP-PRD on (NP the U.S. side)) (ADVP-LOC *T*-1)))))) , but (PP-LOC on (NP (NP the horn) (PP of (NP Africa))) (ADVP as well)))) .)) (TOP (S (S (NP-SBJ (NP The only U.S. liability) (PP-LOC in (NP the region))) (VP is (SBAR-PRD (WHNP-2 what) (S (NP-SBJ *T*-2) (VP remains (PP-PRD of (NP (NP the link) (PP to (NP Mr. Barre))))))))) , and (S (NP-SBJ-1 that) (VP should (VP be (VP cut (NP *-1) (ADVP-MNR fast))))) .)) (TOP (S (NP-SBJ (NP Mr. Kaplan) , (NP (NP author) (PP of (NP `` (NP-TTL (S (NP-SBJ *) (VP Surrender or Starve)) : (NP (NP The Wars) (PP-LOC Behind (NP the Famine)))) '' (PRN -LRB- (NP (NP Westview Press) , (NP 1988)) -RRB-)))) ,) (VP lives (PP-LOC-CLR in (NP Lisbon))) .)) (TOP (S (NP-SBJ (NP Translant Inc.) , (NP-LOC (NP Rancho Cucamonga) , (NP Calif.) ,)) (VP got (NP (NP an (ADJP (QP $ 86 million) *U*) Navy contract) (PP for (NP missile-launch systems)))) .)) (TOP (S (NP-SBJ General Electric Co.) (VP received (NP (NP a (ADJP (QP $ 30.6 million) *U*) Air Force contract) (PP for (NP MX-missile nose cones)))) .)) (TOP (S (NP-SBJ-1 Goodyear Tire & Rubber Co.) (VP was (VP awarded (NP *-1) (NP (NP a (ADJP (QP $ 19.1 million) *U*) Army contract) (PP for (NP armored-vehicle parts))))) .)) (TOP (S (NP-SBJ-1 Analytic Sciences Corp.) (VP was (VP awarded (NP *-1) (NP (NP a (ADJP (QP $ 10.1 million) *U*) Air Force contract) (PP for (NP technical support))))) .)) (TOP (S (NP-SBJ McCormick Capital Inc.) (VP said (SBAR 0 (S (NP-SBJ the final proration factor) (VP was (NP-PRD (NP 0.628394) (PP on (NP its oversubscribed , (ADJP $ 3-a-share *U*) tender offer (S (NP-SBJ *) (VP to (VP buy (ADVP-CLR back) (NP (NP (QP as many as 1.1 million)) (PP of (NP its common shares))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Payment) (VP will (VP begin `` (ADVP-TMP-CLR (ADVP as soon) (PP as (NP Oct. 25))) , ''))) (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ McCormick) (VP is (NP-PRD (NP a developer and manager) (PP of (NP futures-investment limited partnerships)))) .)) (TOP (S-1 (PP Through (NP (NP a separate agreement) (PP between (NP (NP (NP Peter Dauchy) , (NP president) ,) and (NP (NP a group) (PP of (NP selling shareholders))))))) (PRN , (S (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ Mr. Dauchy) (VP will (PP-TMP on (NP Oct. 30)) (VP buy (NP 231,405 shares) (PP-CLR from (NP the group)) , (S-ADV (NP-SBJ *) (VP boosting (NP his stake) (PP-DIR to (NP (NP (QP about 717,000) shares) , or (NP (NP 50.7 %) (PP of (NP (NP the total) (PP-TMP after (NP the buy-back))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Canada 's) consumer price index) (VP rose (NP-EXT a seasonally adjusted 0.2 %) (PP-TMP in (NP September)) (PP-TMP from (NP August)))) , (NP-SBJ (NP Statistics Canada) , (NP a federal agency) ,) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The rise) (VP followed (NP (NP boosts) (PP of (NP (NP (NP 0.1 %) (PP-TMP in (NP August))) , (NP (NP 0.7 %) (PP-TMP in (NP July))) and (NP (NP 0.6 %) (PP-TMP in (NP June))))))) .)) (TOP (S (NP-SBJ-1 (NP OPEC 's) ability (S (NP-SBJ *) (VP to (VP produce (NP (NP more petroleum) (SBAR than (S (NP-SBJ it) (VP can (VP sell))))))))) (VP is (VP beginning (S (NP-SBJ *-1) (VP to (VP cast (NP a shadow) (PP-LOC-CLR over (NP world oil markets))))))) .)) (TOP (S (S (NP-SBJ (NP Output) (PP from (NP (NP the Organization) (PP of (NP Petroleum Exporting Countries))))) (VP is (ADVP-TMP already) (PP-LOC-PRD at (NP (NP a high) (PP for (NP the year)))))) and (S (NP-SBJ most member nations) (VP are (VP running (ADVP-CLR flat out)))) .)) (TOP (S But (NP-SBJ industry and OPEC officials) (VP agree (SBAR that (S (NP-SBJ (NP a handful) (PP of (NP members))) (ADVP-TMP still) (VP have (NP enough unused capacity (S (NP-SBJ *) (VP to (VP (VP glut (NP the market)) and (VP cause (NP an oil-price collapse) (NP-TMP (NP a few months) (PP from (NP now)))) (SBAR-ADV if (S (NP-SBJ-1 OPEC) (VP does n't (ADVP-TMP soon) (VP adopt (NP a new quota system) (S-PRP (NP-SBJ *-1) (VP to (VP corral (NP its chronic cheaters)))))))))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ (NP the effort (S *ICH*-1)) (PP by (NP some oil ministers)) (S-1 (NP-SBJ *) (VP to (VP get (S (NP-SBJ OPEC) (VP to (VP approve (NP a new permanent production-sharing agreement) (NP-TMP next month)))))))) (VP is (VP taking (PRT on) (NP increasing urgency))) .)) (TOP (S (NP-SBJ-1 The organization) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP meet (PP-LOC in (NP Vienna)) (PP-TMP beginning (NP Nov. 25))))))) .)) (TOP (S (ADVP-TMP So far (NP this year)) , (NP-SBJ (NP (NP rising demand) (PP for (NP OPEC oil))) and (NP (NP production restraint) (PP by (NP some members)))) (VP have (VP kept (S (NP-SBJ prices) (ADJP-PRD firm) (PP despite (NP (NP rampant cheating) (PP by (NP others))))))) .)) (TOP (S But (NP-SBJ that) (VP could (VP change (SBAR-ADV if (S (NP-SBJ (NP demand) (PP for (NP (NP OPEC 's) oil))) (VP softens (ADVP-TMP seasonally) (NP-TMP early next year) (SBAR-ADV as (S (NP-SBJ some) (VP think (SBAR 0 (S (NP-SBJ *) (VP may (VP happen)))))))))))) .)) (TOP (S (NP-SBJ OPEC) (VP is (ADVP-TMP currently) (VP producing (NP (NP (QP more than 22 million) barrels) (NP-TMP a day)) , (PP sharply above (NP (NP its nominal , self-imposed fourth-quarter ceiling) (PP of (NP 20.5 million)))) , (PP according (PP to (NP (NP OPEC) and (NP (NP industry officials) (PP-LOC at (NP (NP an oil conference here) (VP sponsored (NP *) (PP by (NP-LGS (NP the Oil Daily) and (NP the International Herald Tribune)))))))))))) .)) (TOP (S (S-TPC-1 (PP At (NP that rate)) , (NP-SBJ (NP a majority) (PP of (NP (NP OPEC 's) 13 members))) (VP have (VP reached (NP their output limits)))) , (NP-SBJ they) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ it) (VP is (VP estimated (SBAR that (S (NP-SBJ (NP (NP (QP at least three million) barrels) (NP-ADV a day)) (PRN -- and (NP (NP possibly as much) (PP as (NP (NP (QP seven million) barrels) (NP-ADV a day)))) --) (PP of (NP spare capacity))) (ADVP-TMP still) (VP exists (PP-LOC within (NP OPEC))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Most) (VP is (VP concentrated (PP-LOC in (NP (NP five Persian Gulf countries) , (PP including (NP his own)) ,))))) (NP-SBJ (NP Issam Al-Chalabi) , (NP (NP Iraq 's) oil minister) ,) (VP told (S *T*-1) (NP the conference) (NP-TMP Friday)) .)) (TOP (S (NP-SBJ He) (VP puts (NP (NP OPEC 's) current capacity) (PP-PUT at (NP (NP (QP 28 million to 29 million) barrels) (NP-ADV a day)))) .)) (TOP (S (NP-SBJ That) (VP 's (ADJP-PRD (ADJP higher) (PP than (NP some other estimates)))) .)) (TOP (S (NP-SBJ (NP Ali Khalifa Al-Sabah) , (NP (NP Kuwait 's) oil minister) ,) (ADVP-TMP recently) (VP estimated (NP (NP OPEC capacity) (PP-LOC at (NP (NP (QP 25 million) barrels) (NP-ADV a day))))) .)) (TOP (S (NP-ADV Either way) , (NP-SBJ the overhang) (VP is (ADJP-PRD big enough (S (NP-SBJ *) (VP to (VP keep (S (NP-SBJ delicately balanced oil markets) (PP-PRD on (NP edge)))))))) .)) (TOP (S (NP-SBJ (NP Even modest amounts) (PP of (NP (NP additional output) (PP by (NP (NP (NP those) (PP with (NP the huge extra capacity and reserves)) , (PP such as (NP (NP Saudi Arabia) and (NP Iraq)))) ,))))) (VP could (VP upset (NP the market))) .)) (TOP (S (NP-SBJ (NP The Iraqi oil minister) and (NP Saudi oil minister Hisham Nazer)) (VP insisted (PP-CLR in (NP (NP their comments) (PP to (NP the conference)))) (SBAR that (S (NP-SBJ their countries) (VP would (VP act (ADVP-MNR responsibly) (S-PRP (NP-SBJ *) (VP to (VP maintain (NP a stable market))))))))) .)) (TOP (S (ADVP However) , (PP-LOC in (NP interviews)) (ADVP-TMP later) , (NP-SBJ both ministers) (VP stressed (SBAR that (S (NP-SBJ they) (VP expect (S (NP-SBJ-2 future OPEC quotas) (VP to (VP be (VP based (NP *-2) (PP-CLR (ADVP mainly) on (NP (NP the production capacity and reserves) (PP of (NP each member)))))))))))) .)) (TOP (S (PP-LOC Under (NP that approach)) , (NP-SBJ (NP countries) (PP with (NP the most unused oil capacity))) (VP would (VP get (NP (NP bigger shares) (PP of (NP (NP any future increases) (PP in (NP (NP OPEC 's) production ceiling)))) (SBAR than (S (NP-SBJ they) (VP would (PP-LOC under (NP the current system)))))))) .)) (TOP (SINV `` (SBARQ-TPC-3 (SBAR-ADV If (S (NP-SBJ you) (VP are (ADVP-TMP already) (VP producing (PP-CLR at (NP (NP (QP 95 % or 100 %) *U*) (PP of (NP your capacity)))))))) , (WHNP-2 what) (SQ (NP-SBJ *T*-2) (VP 's (NP-PRD the good) (S (NP-SBJ-1 *) (VP to (VP be (VP told (NP *-1) (SBAR 0 (S (NP-SBJ you) (VP can (VP produce (PP-CLR at (NP (NP 105 %) (PP of (NP capacity))))))))))))))) ? '' (VP asked (SBARQ *T*-3)) (NP-SBJ Mr. Al-Chalabi) .)) (TOP (S (PP-LOC At (NP an inconclusive Geneva meeting)) (NP-TMP late last month) , (NP-SBJ (NP OPEC 's) oil ministers) (ADVP-MNR halfheartedly) (VP approved (NP (NP another increase) (PP of (NP (NP (QP one million) barrels) (NP-ADV a day))) (PP-LOC in (NP their production ceiling)))) .)) (TOP (S (NP-SBJ-3 They) (VP doled (NP it) (PRT out) (S-ADV (NP-SBJ *-3) (VP using (NP the existing formula))) , (ADVP however) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP meant (SBAR that (S (NP-SBJ (NP even those countries) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP could n't (VP produce (NP more)))))) (VP received (NP higher official allotments)))))))) .)) (TOP (S (NP-SBJ (NP The main effect) (PP of (NP the ceiling boost))) (VP was (S-PRD (NP-SBJ *) (VP to `` (VP legitimize '' (NP (NP some) (PP of (NP (NP the overproduction) (VP (ADVP-TMP already) coming (PP-DIR from (NP the quota cheaters)))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ there) (VP was (NP-PRD a breakthrough) (PP-LOC at (NP Geneva))) .)) (TOP (S (ADVP-TMP Previously) , (NP-SBJ-1 no OPEC member) (VP had (VP been (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP accept (NP (NP a reduction) (PP in (NP (NP its percentage share) (PP of (NP (NP (NP the group 's) total output target) , or (NP ceiling)))))))))))) .)) (TOP (S But (NP-SBJ-1 (NP the concept) (PP of (NP (NP disproportionate quotas) (PP for (NP (NP those) (PP with (NP unused capacity)))))) , (VP advanced (ADVP-LOC there) (PP-LOC in (NP an Iranian proposal))) ,) (VP was (ADVP generally) (VP endorsed (NP *-1) (PP by (NP-LGS the ministers)))) .)) (TOP (S (PP-TMP In (NP the end)) (NP-SBJ politics) (VP got (PP-LOC-CLR in (NP the way))) .)) (TOP (S (NP-SBJ Libya) (VP accepted (NP (NP Iran 's) proposal) (SBAR-ADV only so long as (S (NP-SBJ-1 it) (VP was (VP promised (NP *-1) (NP (NP production parity) (PP with (NP Kuwait)))))))) .)) (TOP (S And (NP-SBJ-1 (NP the United Arab Emirates) , (NP a chronic quota cheater) ,) (VP refused (S (NP-SBJ *-1) (VP to (VP give (NP any guarantee (SBAR 0 (S (NP-SBJ it) (VP would (VP change (NP its ways)))))))))) .)) (TOP (S But (S (NP-SBJ-1 the oil ministers) (VP continue (S (NP-SBJ *-1) (VP to (VP study (NP the plan)))))) , and (S (NP-SBJ it) (VP will (ADVP probably) (VP be (NP-PRD (NP the basis) (PP for (NP (NP discussion) (PP-LOC at (NP (NP next month 's) meeting)))))))) .)) (TOP (S (NP-SBJ It) (VP 's (VP understood (SBAR 0 (S (NP-SBJ-1 several compromises) (ADVP-TMP already) (VP have (VP been (VP worked (NP *-1) (PP-LOC-CLR into (NP the plan))))))))) .)) (TOP (S (NP-SBJ-1 The ceiling) (VP would (VP be (VP lifted (NP *-1) (PP-CLR to (NP (QP 21.5 million) barrels)) (S-PRP (NP-SBJ-2 *-1) (VP to (VP provide (NP (NP Kuwait) and (NP the United Arab Emirates)) (NP much higher official quotas) (SBAR-ADV while (S (NP-SBJ *-2) (VP reducing (NP (NP percentage shares) (PP of (NP some others)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Libya 's) previous conditions) (VP are (ADVP-TMP no longer) (VP considered (S (NP-SBJ *-1) (NP-PRD a problem)) , (SBAR-ADV although (S (NP-SBJ the United Arab Emirates) (VP is (ADVP-TMP still) (NP-PRD an issue)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Saudi Arabia) , (NP (NP OPEC 's) kingpin) ,) (ADVP also) (VP has (VP surfaced (PP-CLR as (NP a possible obstacle))))) , (NP-SBJ some OPEC sources) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Insisting (PP-CLR on (NP (NP a (ADJP 24.5 %) share) (PP of (NP any ceiling)))))) , (NP-SBJ-1 Saudi officials) (VP have (VP (ADVP-TMP long) pressed (PP-CLR for (NP (NP the pro rata distribution) (PP of (NP increases)) (PP to (NP all members)))))) .)) (TOP (S (PP-LOC In (NP Geneva)) , (ADVP however) , (NP-SBJ they) (VP supported (NP (NP Iran 's) proposal) (SBAR-PRP because (S (NP-SBJ it) (VP would (VP have (VP (VP left (S (NP-SBJ (NP the Saudi percentage) (PP of (NP the OPEC total))) (ADJP-PRD intact))) , and (VP increased (NP actual Saudi volume) (PP-DIR to (NP (NP (QP nearly 5.3 million) barrels) (ADVP daily))) (PP-DIR from (NP five million))))))))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP (NP the proposed modifications) since))) , (ADVP however) , (VP call (PRT on) (S (NP-SBJ Saudi Arabia) (VP to `` (VP give (PRT back) '' (PP-DTV to (NP the production-sharing pool)) (NP a token 23,000 barrels))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ *) (ADJP-PRD tiny))) , (NP-SBJ that) (VP 's (NP-PRD (NP a reduction) (PP in (NP its share)))) .)) (TOP (S (NP-SBJ (NP Mr. Nazer) , (NP the Saudi oil minister) ,) (VP reiterated (ADVP-LOC here) (SBAR that (S (NP-SBJ the kingdom) (VP would (VP insist (PP-CLR on (S-NOM (NP-SBJ *) (VP maintaining (NP (NP its percentage share) (PP of (NP OPEC production))) (PP-LOC under (NP any quota revisions)))))))))) .)) (TOP (S (S-TPC-1 `` (PP-LOC Under (NP any circumstances)) , (NP-SBJ Saudi Arabia) (VP should (VP get (ADJP-PRD more '' (CONJP rather than) less)))) , (NP-SBJ Mr. Nazer) (VP said (S *T*-1)) .)) (TOP (S (PP-LOC In (NP (NP a blow) (PP to (NP (NP France 's) Rafale jet fighter)))) , (NP-SBJ the French navy) (PP-TMP for (NP the first time)) (VP (ADVP-MNR publicly) stated (NP its desire (S (NP-SBJ-1 *) (VP to (VP buy (NP 15 McDonnell Douglas Corp. F-18 Hornets) (S-PRP (NP-SBJ *-1) (VP to (VP defend (NP its aircraft carriers))))))))) .)) (TOP (S (NP-SBJ The statement) (VP is (ADJP-PRD likely (S (NP-SBJ *) (VP to (VP sharpen (NP (NP the debate) (PP within (NP (NP France 's) military establishment)) (PP over (NP (NP the Rafale) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP made (NP *-1) (PP by (NP-LGS Avions Marcel Dassault-Breguet Aviation SA)))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP an interview) (PP-LOC in (NP (NP (NP the navy 's) official weekly magazine) (NP Cols Bleus))))) , (NP-SBJ (NP (NP the navy 's) second-in-command) , (NP Adm. Yves Goupil) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the navy) (VP (ADVP-TMP still) intends (S (NP-SBJ *-1) (VP to (VP buy (NP 86 Rafales) (SBAR-ADV as (S (NP-SBJ *) (VP scheduled))) (PP-TMP in (NP (NP the late 1990s) and (NP early 21st century)))))))))) .)) (TOP (S (NP-SBJ-1 The air force) (VP is (S (NP-SBJ *-1) (VP to (VP take (NP (QP at least 250) more))))) .)) (TOP (S (NP-SBJ Adm. Goupil) (VP said (SBAR 0 (S (NP-SBJ-2 the navy) (VP ca n't (VP wait (PP-TMP until (NP (NP 1998) , (SBAR-ADV (WHADVP-1 when) (S (NP-SBJ the naval Rafale) (VP becomes (ADJP-PRD available) (ADVP-TMP *T*-1)))) ,)) (S (NP-SBJ *-2) (VP to (VP replace (NP (NP (NP its obsolete fleet) (PP of (NP American-made Crusaders))) , (VP used (PP-TMP since (NP the 1950s)) (S-PRP (NP-SBJ *) (VP to (VP protect (NP carriers) (PP-CLR from (NP attack))))))))))))))) .)) (TOP (S (SBAR-ADV Rather than (S (NP-SBJ *-4) (VP (VP renovate (NP the Crusaders)) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ-2 Dassault) (VP is (VP proposing (S (NP-SBJ *-2) (VP to (VP do (NP *T*-1) (PP for (NP (NP (QP around 1.8 billion) French francs) (PRN -LRB- (NP (QP $ 286.6 million) *U*) -RRB-))))))))))))) , (NP-SBJ-4 Adm. Goupil) (VP said (SBAR 0 (S (NP-SBJ-3 the navy) (VP wants (S (NP-SBJ *-3) (VP to (VP buy (NP used F-18s) (PP-CLR from (NP the U.S. Navy))))))))) .)) (TOP (S (ADVP Officially) , (NP-SBJ the statement) (VP is n't (NP-PRD (NP an attack) (PP on (NP the Rafale)))) .)) (TOP (S (NP-SBJ Adm. Goupil) (VP said (SBAR that (S (SBAR-ADV (WHADVP-1 when) (S (NP-SBJ the F-18s) (VP wear (PRT out) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 the navy) (VP is (ADJP-PRD prepared (S (NP-SBJ *-2) (VP to (VP take (NP Rafales) (S-PRP (NP-SBJ *) (VP to (VP replace (NP them)))))))))))) .)) (TOP (S But (ADVP unofficially) , (NP-SBJ senior navy officials) (VP (ADVP-MNR sharply) criticize (NP the Rafale) (PP-CLR as (NP (NP an air force plane) (ADJP ill-suited (PP to (NP carrier use)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ they) (ADVP-TMP never) (VP said (ADVP-PRD so) (ADVP-MNR publicly)))) , (NP-SBJ they) (VP have (VP made (NP (NP no secret) (PP of (NP (NP their preference) (PP for (NP the F-18)) (PP on (NP operational grounds))))))) .)) (TOP (S (NP-SBJ-1 (NP Adm. Goupil 's) comments) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP inflame (NP (NP the broader dispute) (PP within (NP the military establishment) (ADVP-LOC here)) (PP over (NP (NP the role) (PP of (NP Dassault)))))))))) .)) (TOP (S (SBAR-ADV Although (FRAG (S (NP-SBJ *-1) (ADJP-PRD government-controlled)))) , (NP-SBJ-1 Dassault) (ADVP-TMP still) (VP is (VP run (NP *-1) (PP by (NP-LGS (NP (NP the founder 's) son) , (NP Chairman Serge Dassault) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP has (VP (ADVP-MNR fiercely) protected (NP (NP his company 's) independence))))))))) .)) (TOP (S (S (NP-SBJ The Rafale project) (VP is (NP-PRD (NP the result) (PP of (NP (NP France 's) inability (S (ADVP jointly) (NP-SBJ *) (VP to (VP develop (NP a plane) (PP with (NP other countries)))))))))) , and (S (NP-SBJ French officials) (VP question (SBAR-NOM whether (S (NP-SBJ-1 the state) (VP can (VP continue (S (NP-SBJ *-1) (VP paying (PP-CLR for (NP expensive independent programs)))))))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ-1 Mr. Dassault) (VP has (VP resisted (NP pressure (S (NP-SBJ *-1) (VP to (VP change)))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP brought (NP the naval issue) (PP-CLR to (NP a head))))) (VP is (SBAR-PRD that (S (NP-SBJ the Crusaders) (VP are (ADVP literally) (VP falling (ADVP-CLR apart) , (PP without (NP any immediate plan (S (NP-SBJ *) (VP to (VP replace (NP them))))))))))) .)) (TOP (S (NP-SBJ (NP Adm. Goupil) , (NP a former Crusader squadron leader) ,) (VP said (SBAR that (S (NP-SBJ (NP the last other country) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP use (NP Crusaders))))) , (NP the Philippines) ,) (VP retired (NP its last ones) (ADVP-TMP (NP two years) ago))))) .)) (TOP (S (NP-SBJ A French Crusader crash) (ADVP-TMP (NP a few months) ago) (VP heightened (NP (NP pressure) (PP for (NP new planes))) (ADVP-LOC here)) .)) (TOP (S (NP-SBJ-2 Adm. Goupil) (VP rejected (NP (NP Dassault 's) proposal (S (NP-SBJ *) (VP to (VP renovate (NP the Crusaders))))) , (S-ADV (NP-SBJ *-2) (VP saying (SBAR 0 (S (NP-SBJ the cost) (VP was (ADJP-PRD impossible (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP estimate (NP *T*-1)))))))))))) .)) (TOP (S-3 (S-ADV (NP-SBJ *-2) (ADJP-PRD Even modernized)) (PRN , (S (NP-SBJ he) (VP said (S *T*-3))) ,) (NP-SBJ-2 the Crusaders) (VP represent (NP (NP an obsolete and dangerous protection) (PP for (NP (NP the aircraft carriers) (SBAR (WHNP-1 0) (S (NP-SBJ France) (VP has (VP sent (S (NP-SBJ *T*-1) (VP to (VP meet (NP (NP such crises) (PP as (NP (NP the wars) (PP-LOC in (NP (NP Lebanon) and (NP the Persian Gulf))))))))))))))))) .)) (TOP (S (NP-SBJ Defense Minister Jean-Pierre Chevenement) (VP told (NP (NP a meeting) (PP of (NP the Anglo-American Press Association))) (SBAR that (S (NP-SBJ (NP the question) (PP of (S-NOM (NP-SBJ *) (VP (VP modernizing (NP the Crusaders)) or (VP buying (NP used F18s)))))) (VP is (NP-PRD (NP a `` political '' decision) (SBAR (WHNP-1 that) (S (NP-SBJ he) (VP will (VP make (NP *T*-1) (PP-TMP in (NP due time))))))))))) .)) (TOP (S (NP-SBJ (NP THE SUPREME COURT ruling) (VP upholding (NP (NP Missouri 's) restrictive abortion law))) (VP was (NP-PRD Webster vs. Reproductive Health Services)) .)) (TOP (S (NP-SBJ-1 The citation) (VP was (VP misstated (NP *-1) (PP-LOC in (NP (NP Friday 's) edition)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Spending) (PP by (NP average Japanese households))) (PP-TMP in (NP August)) (VP fell (NP-EXT an adjusted 1.9 %) (PP-TMP from (ADVP-TMP (NP a year) earlier)))) , (NP-SBJ (NP the Statistics Bureau) (PP of (NP (NP the Prime Minister 's) Office))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The bureau) (VP cited (NP (NP typhoons) (PP-TMP in (NP the month)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP discouraged (NP shopping and leisure opportunities)))))) .)) (TOP (S (NP-SBJ (NP Spending) (PP by (NP Japanese households))) (VP averaged (NP (NP 290,782 yen) (PRN -LRB- (NP $ 2,052.10 *U*) -RRB-)) (PP-TMP in (NP August))) .)) (TOP (S (PP In (NP nominal terms)) (NP-SBJ it) (VP rose (NP-EXT 0.6 %) (PP-TMP from (ADVP (NP a year) earlier)) (PP-TMP before (NP adjustment))) .)) (TOP (S (NP-SBJ (NP August adjusted spending) (PP by (NP wage-earning families))) (VP was (ADVP-PRD down (NP 0.6 %)) (PP to (NP 309,381 yen) (PP-TMP from (ADVP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ (NP The real income) (PP of (NP wage-earning families))) (PP-TMP in (NP the month)) (VP eased (NP-EXT 1.2 %) (PP-DIR to (NP 438,845 yen) (PP-TMP from (NP the previous year)))) .)) (TOP (S (PP For (NP Cathay Pacific Airways)) , (NP-SBJ the smooth ride) (VP may (VP be (VP ending))) .)) (TOP (S (NP-SBJ (NP The first signs) (PP of (NP trouble))) (VP came (NP-TMP last month) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP the Hong Kong carrier) , (NP (NP a subsidiary) (PP of (NP Swire Pacific Ltd.))) ,) (VP (VP posted (NP (NP a (ADJP 5 %) drop) (PP in (NP operating profit)) (PP-TMP for (NP the first six months)))) and (VP warned (SBAR that (S (NP-SBJ margins) (VP will (VP remain (PP-CLR under (NP pressure)) (PP-TMP for (NP (NP the rest) (PP of (NP the year))))))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ (NP Securities analysts) , (SBAR (WHNP-1 (NP many) (PP of (WHNP whom))) (S (NP-SBJ-2 *T*-1) (VP scrapped (NP their buy recommendations) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP seeing (NP (NP Cathay 's) interim figures))))))) ,) (VP believe (SBAR 0 (S (NP-SBJ more jolts) (VP lie (ADVP-LOC-CLR ahead))))) .)) (TOP (S (S (NP-SBJ Fuel and personnel costs) (VP are (VP rising))) , and (S (NP-SBJ (NP tourism) (PP-LOC in and through (NP Hong Kong))) (VP remains (ADJP-PRD clouded (PP by (NP (NP (NP China 's) turmoil) (PP-TMP since (NP (NP the June 4 killings) (PP-LOC in (NP Beijing))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP delivery delays) (PP for (NP (NP the first two) (PP of (NP (NP (NP (QP as many as 28) Boeing 747-400s) (SBAR (WHNP-1 that) (S (NP-SBJ the carrier) (VP has (VP ordered (NP *T*-1))))))))))) (VP have (VP raised (NP costs) (SBAR-PRP because (S (NP-SBJ-2 personnel) (VP had (VP been (VP hired (NP-3 *-2) (S (NP-SBJ *-3) (VP to (VP man (NP the planes))))))))))) .)) (TOP (S And (NP-SBJ (NP tough competition) (PP in (NP the air-freight market))) (VP is (VP cutting (PP-CLR into (NP an important sideline)))) .)) (TOP (S (NP-SBJ There) (ADVP also) (VP is (NP-PRD concern (SBAR that (S (SBAR-TMP once (S (NP-SBJ Hong Kong) (VP reverts (PP-CLR to (NP (NP China 's) sovereignty)) (PP-TMP in (NP 1997))))) , (NP-SBJ-1 Cathay) (VP will (VP be (VP forced (S (NP-SBJ *-1) (VP to (VP play (NP second fiddle) (PP-CLR to (NP (NP (NP China 's) often-disparaged flag carrier) , (NP (NP (NP Civil Aviation Administration) (PP of (NP China))) , or (NP CAAC)))))))))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ The sense) (VP is (SBAR-PRD 0 (S (NP-SBJ we) (VP would (ADVP-TMP never) (VP be (PP-PRD in (NP (NP a position) (SBAR *ICH*-1))) (ADVP-TMP again) (SBAR-1 (WHADVP-2 where) (S (NP-SBJ everything) (VP works (PP for (NP us)) (NP (NP the way) (SBAR (WHADVP-3 0) (S (NP-SBJ it) (VP did (ADVP-MNR *T*-3) (ADVP-TMP before))))) (ADVP-LOC *T*-2)))))))))) , '' (VP says (S *T*-4)) (NP-SBJ (NP Rod Eddington) , (NP (NP Cathay 's) commercial director)) .)) (TOP (S (NP-SBJ (NP Sarah Hall) , (NP (NP an analyst) (PP-LOC at (NP James Capel -LRB- Far East -RRB- Ltd.))) ,) (VP says (SBAR 0 (S (NP-SBJ there) (VP is n't (NP-PRD (NP much) (SBAR (WHNP-3 0) (S (NP-SBJ Cathay) (VP can (VP do (NP *T*-3) (PP about (NP (NP (NP rising costs) (PP for (NP jet fuel))) , (NP (NP Hong Kong 's) tight labor market) , or (NP (NP the strengthening) (PP of (NP (NP the local currency) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP pegged (NP *-1) (PP-CLR to (NP the U.S. dollar)))))))))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 These factors) (VP are (VP further complicated (NP *-1) (PP by (NP-LGS (NP the airline 's) push (S (NP-SBJ *) (VP to (VP transform (NP itself) (PP-CLR from (NP a regional carrier)) (PP-CLR to (NP an international one)))))))))) , (NP-SBJ Ms. Hall) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Ms. Hall) (VP expects (S (NP-SBJ (NP Cathay 's) profit) (VP to (VP grow (NP (NP (QP around 13) %) (ADVP-TMP annually)) (NP-TMP (NP this year) and (NP next)))))) .)) (TOP (S (PP-TMP In (NP 1988)) , (NP-SBJ it) (VP earned (NP (NP (QP $ 2.82 billion) *U* Hong Kong) (PRN -LRB- (NP (QP US$ 361.5 million) *U*) -RRB-)) (PP on (NP (NP revenue) (PP of (NP (QP HK$ 11.79 billion) *U*))))) .)) (TOP (S (NP-SBJ-1 Cathay) (VP is (VP taking (NP-CLR several steps) (S-CLR (NP-SBJ *-1) (VP to (VP bolster (NP business)))))) .)) (TOP (S (NP-SBJ One step) (VP is (S-PRD (NP-SBJ *) (VP to (VP beef (PRT up) (NP its fleet))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP (NP aircraft) (PP from (NP Boeing Co.)))))) , (NP-SBJ Cathay) (VP announced (NP-TMP earlier this year) (NP (NP an order) (PP for (NP (QP as many as 20) Airbus A330-300s)))) .)) (TOP (S (NP-SBJ (NP The expansion) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP could (VP cost (NP (QP as much as US$ 5.7 billion) *U*) (PP-TMP over (NP the next eight years)))))) ,) (VP will (VP expand (NP the fleet) (PP-DIR to (NP about 43 planes)) (PP-TMP by (NP 1991)) , (ADVP up (PP from (NP (NP 30)) (PP-TMP at (NP (NP the end) (PP of (NP last year)))))) , (PP according (PP to (NP Sun Hung Kai Securities Ltd))))) .)) (TOP (S (NP-SBJ-1 The fuel-efficient Airbus planes) (VP will (VP be (VP used (NP-3 *-1) (ADVP largely) (S-CLR (NP-SBJ *-3) (VP to (VP replace (NP (NP (NP Cathay 's) aging fleet) (PP of (NP Lockheed Tristars))) (PP for (NP regional flights))))) , (SBAR-ADV while (S (NP-SBJ-2 the Boeing aircraft) (VP will (VP be (VP used (NP *-2) (PP-LOC on (NP (NP long-haul routes) (PP to (NP (NP Europe) and (NP North America))))))))))))) .)) (TOP (S (NP-SBJ Cathay) (ADVP also) (VP is (VP moving (NP (NP some) (PP of (NP its labor-intensive data-processing operations))) (PP-LOC-CLR outside (NP Hong Kong)))) .)) (TOP (S (NP-SBJ (NP Fierce bidding) (PP for (NP young employees)) (PP-LOC in (NP Hong Kong))) (VP is (VP pushing (PRT up) (NP (NP Cathay 's) labor costs) (PP by (NP-EXT (NP 20 %) (NP-ADV a year))) (PP for (NP low-level staff)) , (SBAR-ADV while (S (NP-SBJ experienced , skilled employees) (VP are (VP leaving (NP the colony) (PP as (NP (NP part) (PP of (NP the brain drain)))))))))) .)) (TOP (S (S (NP-SBJ-1 Some jobs) (ADVP-TMP already) (VP have (VP been (VP moved (NP *-1) (PP-DIR to (NP Australia)))))) , and (S (NP-SBJ there) (VP are (NP-PRD plans (S (NP-SBJ *) (VP to (VP place (NP others) (PP-LOC-CLR in (NP Canada)))))))) .)) (TOP (S (NP-SBJ (NP David Bell) , (NP (NP a spokesman) (PP for (NP the airline))) ,) (VP says (SBAR 0 (S (NP-SBJ-1 the move) (VP is (VP (ADVP partly) aimed (NP *-1) (PP-CLR at (S-NOM (NP-SBJ *) (VP retaining (NP (NP existing staff) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP are (VP leaving (S-PRP (NP-SBJ *-3) (VP to (VP secure (NP foreign passports) (PP ahead (PP of (NP 1997))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Cathay) (VP is (VP working (S (NP-SBJ *-1) (VP to (VP promote (NP Hong Kong) (PP-CLR as (NP (NP (NP a destination) (PP worth (S-NOM (NP-SBJ *) (VP visiting (PP on (NP its own merits)))))) , (PP rather than (NP just a stopover))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP the June 4 killings) (PP-LOC in (NP Beijing))) (VP have (VP hurt (NP its China flights))))) , (NP-SBJ (NP Cathay 's) other routes) (VP have (VP retained (NP high load factors))) .)) (TOP (S (NP-SBJ Mr. Eddington) (VP regards (S (NP-SBJ *) (VP promoting (NP Hong Kong))) (PP-CLR as (NP (NP an important part) (PP of (S-NOM (NP-SBJ *) (VP attracting (NP visitors) (PP from (NP (NP (NP Japan) , (NP South Korea) and (NP Taiwan) ,) (SBAR (WHADVP-1 where) (S (NP-SBJ (NP the number) (PP of (NP (NP people) (VP looking (S (NP-SBJ *) (VP to (VP travel (ADVP-LOC-CLR abroad)))))))) (VP has (VP surged (ADVP-LOC *T*-1))))))))))))) .)) (TOP (S (NP-SBJ There) (ADVP also) (VP has (VP been (NP-PRD speculation (SBAR that (S (NP-SBJ Cathay) (VP will (VP be (PP-PRD among (NP (NP the major private-sector participants) (PP-LOC in (NP (NP the Hong Kong government 's) plans (S (NP-SBJ *) (VP to (VP build (NP a new airport))) ,))))) (PP with (S-NOM (NP-SBJ the carrier) (VP (ADVP possibly) investing (PP-CLR in (NP its own terminal)))))))))))) .)) (TOP (S (NP-SBJ-1 Cathay officials) (VP decline (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the speculation)))))) .)) (TOP (S (NP-SBJ Mr. Eddington) (VP sees (NP (NP alliances) (PP with (NP (NP other carriers) (PRN -- (NP (NP particularly (NP Cathay 's) recent link) (PP with (NP (NP AMR Corp. 's) American Airlines))) --)))) (PP-CLR as (NP (NP an important part) (PP of (NP (NP Cathay 's) strategy))))) .)) (TOP (S But (NP-SBJ he) (VP emphasizes (SBAR that (S (NP-SBJ Cathay) (VP has n't (NP (NP any interest) (PP in (S-NOM (NP-SBJ *) (VP swapping (NP equity stakes) (PP-CLR (PP with (NP the U.S. carrier)) or (PP with (NP (NP Lufthansa) , (NP (NP the West German airline) (SBAR (WHPP-1 with (WHNP which)) (S (NP-SBJ it) (VP has (VP cooperated (PP-TMP for (NP about a decade)) (PP *T*-1))))))))))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP believe (SBAR 0 (S (NP-SBJ-1 Cathay) (VP is (VP approached (NP *-1) (PP for (NP such swaps)) (PP by (NP-LGS other carriers)) (PP-TMP on (NP a regular basis)) , (SBAR-ADV particularly as (S (NP-SBJ (NP the popularity) (PP of (NP share exchanges))) (VP has (VP grown (PP-LOC among (NP European carriers))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ alliances) (VP are (ADJP-PRD very important)))))) , '' (NP-SBJ Mr. Eddington) (VP says (S *T*-1)) .)) (TOP (S `` But (NP-SBJ we) (VP 'd (ADVP rather) (VP put (NP funds) (PP-PUT into (NP (NP our own business) (CONJP rather than) (NP someone else 's))))) .)) (TOP (S (NP-SBJ I) (VP 'm not (ADJP-PRD sure (SBAR 0 (S (NP-SBJ cross-ownership) (VP would (ADVP necessarily) (VP make (S (NP-SBJ things) (ADJP-PRD smoother)))))))) . '')) (TOP (S (PP-LOC In (NP (NP a pattern) (SBAR (WHNP-1 0) (S (NP-SBJ-2 it) (VP aims (S (NP-SBJ *-2) (VP to (VP copy (NP *T*-1) (PP-LOC in (NP several key U.S. destinations)))))))))) , (NP-SBJ-3 Cathay) (ADVP-TMP recently) (VP announced (NP plans (S (NP-SBJ-4 *-3) (VP to (VP serve (NP San Francisco) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP (VP flying (PP-DIR into (NP (NP American Airlines ') Los Angeles hub))) and (VP routing (NP continuing passengers) (PP-LOC-CLR onto (NP (NP a flight) (PP-LOC on (NP the U.S. carrier))))))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ We) (VP 'll (ADVP-TMP never) (VP have (NP a big operation) (PP-LOC in (NP the U.S.))))) , and (S (NP-SBJ they) (VP 'll (ADVP-TMP never) (VP have (NP (NP one) (ADJP (ADJP as big) (PP as (NP us)))) (PP-LOC in (NP the Pacific)))))) , '' (NP-SBJ Mr. Eddington) (VP says (S *T*-1)) .)) (TOP (S `` But (NP-ADV this way) , (NP-SBJ American) (VP will (VP coordinate (NP (NP good extensions) (PP to (NP (NP Boston) , (NP New York) , (NP Chicago) and (NP Dallas)))))) .)) (TOP (S (NP-SBJ We) (VP 'll (VP coordinate (PP-CLR on (NP this end)) (PP to (NP (NP places) (PP like (NP Bangkok , Singapore and Manila)))))) . '')) (TOP (S (NP-SBJ-2 (NP Asian traffic) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (ADVP-TMP currently) accounts (PP-CLR for (NP (NP 65 %) (PP of (NP (NP Cathay 's) business))))))) ,) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP continue (PP-MNR as (NP (NP the carrier 's) mainstay))))))) .)) (TOP (S (S (NP-SBJ Cathay) (VP has (ADVP-TMP long) (VP stated (NP its desire (S (NP-SBJ *) (VP to (VP double (NP (NP its weekly flights) (PP into (NP China))) (PP-CLR to (NP 14))))))))) , and (S (NP-SBJ-1 it) (VP is (VP applying (S (NP-SBJ *-1) (VP to (VP restart (NP (NP long-canceled flights) (PP into (NP Vietnam))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Further expansion) (PP-DIR into (NP southern Europe))) (VP is (ADVP also) (ADJP-PRD possible))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Mr. Bell) , (NP the spokesman)) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP a large number) (PP of (NP Hong Kong companies))) (VP have (VP reincorporated (ADVP-LOC offshore) (PP-TMP ahead of (NP 1997)))))) , (NP-SBJ such a move) (VP is n't (NP-PRD (NP an option) (PP for (NP Cathay))) (SBAR-PRP because (S (NP-SBJ it) (VP would (VP jeopardize (NP (NP its landing rights) (PP-LOC in (NP Hong Kong)))))))) .)) (TOP (S (S And (NP-SBJ Mr. Eddington) (VP (ADVP-MNR emphatically) rules (PRT out) (NP (NP a move) (PP to (NP London))))) : `` (S (NP-SBJ Our lifeblood) (VP is (NP-PRD Hong Kong traffic rights))) . '')) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ the airline) (VP is (VP putting (NP its faith) (PP-PUT in (NP (NP the Sino-British agreement) (PP on (NP (NP (NP Hong Kong 's) return) (PP to (NP China))))))))))) .)) (TOP (S (NP-SBJ (NP A special section) (VP dealing (PP-CLR with (NP aviation rights)))) (VP states (SBAR that (S (NP-SBJ-3 (NP landing rights) (PP for (NP (NP (NP Hong Kong 's) airlines) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP include (NP the smaller Hong Kong Dragon Airlines)))) ,))) (VP will (VP continue (S (NP-SBJ-1 *-3) (VP to (VP be (VP negotiated (NP *-1) (PP by (NP-LGS (NP Hong Kong 's) government))))))))))) .)) (TOP (S But (NP-SBJ critics) (VP fret (SBAR that (S (NP-SBJ post-1997 officials) (ADVP-TMP ultimately) (VP will (VP be (ADJP-PRD responsible (PP to (NP Beijing)))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ My feeling) (VP is (SBAR-PRD 0 (S -LCB- (NP-SBJ Cathay) (VP does n't -RCB- (VP have (NP a hope) (PP-TMP in (NP the long run)))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP an analyst) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP declines (S (NP-SBJ-1 *) (VP to (VP be (VP identified (NP *-1))))))))) .)) (TOP (S `` (S (NP-SBJ-1 Cathay) (VP would (VP love (S (NP-SBJ-2 *-1) (VP to (VP keep (S (NP-SBJ *-2) (VP going)))))))) , but (S (NP-SBJ the general sense) (VP is (SBAR-PRD 0 (S (NP-SBJ-3 they) (VP 're (VP going (S (NP-SBJ-4 *-3) (VP to (VP have (S (NP-SBJ *-4) (VP to (VP do (NP something))))))))))))) . '')) (TOP (S (S (NP-SBJ Mr. Eddington) (VP acknowledges (SBAR that (S (NP-SBJ-1 the carrier) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP (VP evolve) and (VP adapt (PP-CLR to (NP local changes)))))))))))) , but (S (NP-SBJ he) (VP feels (SBAR that (S (NP-SBJ the Sino-British agreement) (VP is (NP-PRD (NP firm ground) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP build (PP-LOC-CLR on (NP *T*-2))))))) (PP-TMP for (NP the foreseeable future))))))) .)) (TOP (S-2 `` (NP-SBJ We) (VP 're (ADJP-PRD confident (SBAR that (S-1 (NP-SBJ it) (VP protects (NP (NP our route structure) , '' (PRN (S (NP-SBJ he) (VP says (S *T*-2)))) , `` and (NP our ability (S (NP-SBJ *) (VP to (VP grow and prosper)))))))))) .)) (TOP (S (NP-SBJ Falcon Cable Systems Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP proposed (NP (NP an amendment) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP allow (S (NP-SBJ it) (VP to (VP increase (NP its debt cap) (PP-DIR to (NP (NP 65 %) (PP of (NP (NP the company 's) fair market value)))) (PP-DIR from (NP (NP the 40 %) (VP (ADVP-TMP currently) allowed))))))))))))))) .)) (TOP (S (NP-SBJ (NP Falcon) , (NP a limited partnership) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP wanted (NP the increase) (UCP-PRP (SBAR in order (S (NP-SBJ *-1) (VP to (VP continue (NP its (ADJP $ 2.15-per-unit *U*) annual payment ))))) , and (PP for (NP expansion and acquisitions))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP the company))) (VP said (SBAR 0 (S (NP-SBJ-1 a meeting) (VP would (VP be (VP held (NP *-1) (SBAR-PRP for (S (NP-SBJ shareholders) (VP to (VP vote (PP-CLR on (NP the amendment)) (PP-TMP before (NP (NP year 's) end)))))))))))) .)) (TOP (NP-TMP-HLN (NP Friday) , (NP October 20 , 1989))) (TOP (S (NP-SBJ (NP The key (UCP U.S. and foreign) annual interest rates) (ADVP-LOC below)) (VP (VP are (NP-PRD (NP a guide) (PP to (NP general levels)))) but (VP do n't (ADVP-TMP always) (VP represent (NP actual transactions)))) .)) (TOP (NP (NP PRIME RATE) : (NP (QP 10 1) %) .)) (TOP (NP (NP The base rate) (PP on (NP corporate loans)) (PP-LOC at (NP large U.S. money center commercial banks)) .)) (TOP (NP (NP FEDERAL FUNDS) : (NP (NP (NP 8 3 %) (ADJP high)) , (NP (NP 8 5 %) (ADJP low)) , (NP (NP 8 11 %) (PP near (NP closing bid))) , (NP (NP 8 3 %) (VP offered (NP *)))) .)) (TOP (S (NP-SBJ Reserves) (VP traded (PP among (NP commercial banks)) (PP-CLR for (NP overnight use)) (PP-MNR in (NP (NP amounts) (PP of (NP (QP $ 1 million or more) *U*))))) .)) (TOP (NP (NP Source) : (NP (NP Fulton Prebon) (PRN -LRB- (NP U.S.A .) -RRB-) (NP Inc)) .)) (TOP (NP (NP DISCOUNT RATE) : (NP 7 %) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP depository institutions)) (PP by (NP the New York Federal Reserve Bank)))) .)) (TOP (NP (NP CALL MONEY) : (NP (QP 9 3 % to 10 %) *U*) .)) (TOP (NP (NP The charge) (PP on (NP loans)) (PP to (NP brokers)) (PP on (NP stock exchange collateral)) .)) (TOP (NP (NP (NP COMMERCIAL PAPER) (VP placed (NP *) (ADVP-MNR directly) (PP by (NP-LGS General Motors Acceptance Corp.)))) : (NP (NP (NP 8.50 %) (NP (QP 15 to 44) days)) ; (NP (NP 8.25 %) (NP (QP 45 to 72) days)) ; (NP (NP 8.375 %) (NP (QP 73 to 96) days)) ; (NP (NP 8.125 %) (NP (QP 97 to 119) days)) ; (NP (NP 8 %) (NP (QP 120 to 149) days)) ; (NP (NP 7.875 %) (NP (QP 150 to 179) days)) ; (NP (NP 7.50 %) (NP (QP 180 to 270) days))) .)) (TOP (NP (NP COMMERCIAL PAPER) : (NP (NP (NP High-grade unsecured notes) (VP sold (NP *) (PP-MNR through (NP dealers)) (PP by (NP-LGS major corporations)) (PP in (NP (NP multiples) (PP of (NP $ 1,000 *U*)))))) : (NP (NP (NP 8.55 %) (NP 30 days)) ; (NP (NP 8.45 %) (NP 60 days)) ; (NP (NP 8.40 %) (NP 90 days)))) .)) (TOP (NP (NP (NP CERTIFICATES) (PP OF (NP DEPOSIT))) : (NP (NP (NP 8.05 %) (NP one month)) ; (NP (NP 8.02 %) (NP two months)) ; (NP (NP 8 %) (NP three months)) ; (NP (NP 7.98 %) (NP six months)) ; (NP (NP 7.95 %) (NP one year))) .)) (TOP (NP (NP Average) (PP of (NP (NP top rates) (VP paid (NP *) (PP by (NP-LGS major New York banks)) (PP on (NP (NP primary new issues) (PP of (NP negotiable C.D.s)))) , (PP usually on (NP (NP amounts) (PP of (NP (QP $ 1 million) *U* (QP and more)))))))) .)) (TOP (S (NP-SBJ The minimum unit) (VP is (NP-PRD $ 100,000 *U*)) .)) (TOP (NP (NP (NP Typical rates) (PP in (NP the secondary market))) : (NP (NP (NP 8.55 %) (NP one month)) ; (NP (NP 8.50 %) (NP three months)) ; (NP (NP 8.40 %) (NP six months))) .)) (TOP (NP (NP BANKERS ACCEPTANCES) : (NP (NP (NP 8.45 %) (NP 30 days)) ; (NP (NP 8.33 %) (NP 60 days)) ; (NP (NP 8.32 %) (NP 90 days)) ; (NP (NP 8.15 %) (NP 120 days)) ; (NP (NP 8.06 %) (NP 150 days)) ; (NP (NP 7.96 %) (NP 180 days))) .)) (TOP (NP (NP Negotiable , bank-backed business credit instruments) (VP (ADVP typically) financing (NP an import order)) .)) (TOP (NP (NP LONDON LATE EURODOLLARS) : (NP (NP (NP (QP 8 11 % to 8 9 %) *U*) (NP one month)) ; (NP (NP (QP 8 11 % to 8 9 %) *U*) (NP two months)) ; (NP (NP (QP 8 11 % to 8 9 %) *U*) (NP three months)) ; (NP (NP (QP 8 5 % to 8 1 %) *U*) (NP four months)) ; (NP (NP (QP 8 9 % to 8 7 %) *U*) (NP five months)) ; (NP (NP (QP 8 1 % to 8 3 %) *U*) (NP six months))) .)) (TOP (NP (NP (NP LONDON INTERBANK OFFERED RATES) (PRN -LRB- (NP LIBOR) -RRB-)) : (NP (NP (NP (QP 8 3) %) (NP one month)) ; (NP (NP (QP 8 11) %) (NP three months)) ; (NP (NP (QP 8 9) %) (NP six months)) ; (NP (NP (QP 8 1) %) (NP one year))) .)) (TOP (NP (NP (NP The average) (PP of (NP (NP interbank offered rates) (PP for (NP (NP dollar deposits) (PP in (NP the London market))))))) (VP based (NP *) (PP-CLR on (NP (NP quotations) (PP-LOC at (NP five major banks))))) .)) (TOP (NP (NP FOREIGN PRIME RATES) : (NP (NP (NP Canada) (NP 13.50 %)) ; (NP (NP Germany) (NP 8.50 %)) ; (NP (NP Japan) (NP 4.875 %)) ; (NP (NP Switzerland) (NP 8.50 %)) ; (NP (NP Britain) (NP 15 %))) .)) (TOP (S (S (NP-SBJ These rate indications) (VP are n't (ADJP-PRD directly comparable))) ; (S (NP-SBJ lending practices) (VP vary (ADVP-MNR widely) (PP-CLR by (NP location)))) .)) (TOP (NP (NP TREASURY BILLS) : (NP (NP (NP Results) (PP of (NP (NP the (NAC-TMP Monday , October 16 , 1989 ,) auction) (PP of (NP (NP short-term U.S. government bills) , (VP sold (NP *) (PP-CLR at (NP (NP a discount) (PP from (NP face value)))) (PP-MNR in (NP (NP units) (PP of (NP (QP $ 10,000 to $ 1 million) *U*)))))))))) : (NP (NP (NP 7.37 %) (NP 13 weeks)) ; (NP (NP 7.42 %) (NP 26 weeks)))) .)) (TOP (NP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP .) (PRN -LRB- (NP Freddie Mac) -RRB-)) : (NP (NP (NP Posted yields) (PP on (NP 30-year mortgage commitments)) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days.))))) (NP (NP (NP 9.84 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 7.875 %) , (NP (ADJP 2 %) rate capped one-year adjustable rate mortgages)))) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION) (PRN -LRB- (NP Fannie Mae) -RRB-)) : (NP (NP (NP (NP Posted yields) (PP on (NP 30 year mortgage commitments)) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days))))) (PRN -LRB- (VP priced (NP *) (PP-CLR at (NP par))) -RRB-)) (NP (NP (NP 9.78 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 8.75 %) , (NP 6 rate capped one-year adjustable rate mortgages)))) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP MERRILL LYNCH READY ASSETS TRUST) : (NP 8.52 %) .)) (TOP (NP (NP (NP Annualized average rate) (PP of (NP return)) (PP-TMP after (NP (NP expenses) (PP for (NP the past 30 days))))) ; (NP (NP not a forecast) (PP of (NP future returns))) .)) (TOP (S (PP-LOC In (NP the hard-hit Marina neighborhood)) , (NP-SBJ (NP life) (PP-TMP after (NP the earthquake))) (VP is (ADJP-PRD (ADJP often (ADVP all too) real) , but (ADJP sometimes surreal))) .)) (TOP (FRAG (NP (NP Some scenes) : -- (S (NP-TMP Saturday morning) , (NP-SBJ-1 a resident) (VP was (VP given (NP *-1) (NP 15 minutes) (S-PRP (NP-SBJ *) (VP to (VP (VP scurry (PP-DIR into (NP a sagging building))) and (VP reclaim (SBAR-NOM (WHNP-2 what) (S (NP-SBJ she) (VP could (NP *T*-2) (PP of (NP (NP her life 's) possessions)))))))))))) .))) (TOP (S (NP-TMP Saturday night) (NP-SBJ she) (VP dined (PP-LOC in (NP an emergency shelter)) (PP-CLR on (NP (NP salmon steaks) (VP prepared (NP *) (PP by (NP-LGS (NP chefs) (PP from (NP (NP one) (PP of (NP (NP the city 's) four-star restaurants)))))))))) .)) (TOP (S -- (NP-SBJ-2 Mayor Art Agnos) (VP stands (PP-LOC in (NP (NP the glare) (PP of (NP television lights)))) (S-ADV (NP-SBJ-3 *-2) (VP trying (S (NP-SBJ *-3) (VP to (VP explain (PP-TMP for (NP the 20th time)) (SBAR (WHADVP-1 why) (S (NP-SBJ the city) (VP is (ADVP severely) (VP restricting (NP (NP access) (PP to (NP badly damaged structures))) (ADVP-PRP *T*-1))))))))))) .)) (TOP (S (NP-SBJ-2 (NP A couple) (PP in (NP fashionable spandex warm-up suits))) (VP jogs (ADVP-LOC by) , (S-ADV (NP-SBJ headphones) (ADVP-MNR jauntily) (PP-PRD in (NP place))) , (S-ADV (NP-SBJ *-2) (VP weaving (NP their way) (PP-LOC along (NP (NP a street) (PP of (NP fractured and fallen houses))))))) .)) (TOP (S (PP-LOC At (NP a nearby corner)) , (NP-SBJ-1 they) (VP swerve (ADVP-LOC-CLR perilously close (PP to (NP a listing apartment house))) , (S-ADV (NP-SBJ *-1) (ADJP-PRD oblivious (PP to (NP any danger))))) .)) (TOP (S (NP-SBJ A policeman) (VP shakes (NP his head) (PP in (NP amazement)) (SBAR-TMP as (S (NP-SBJ he) (VP steers (NP them) (ADVP-DIR away))))) .)) (TOP (S -- (NP-SBJ-2 (NP A young woman) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP been (PP-PRD out (PP of (NP town)))))))) (VP shows (PRT up) (PP-LOC-CLR at (NP the Marina Middle School)) (S-PRP (NP-SBJ *-2) (VP to (VP learn (SBAR that (S (NP-SBJ her apartment) (VP is (PP-PRD on (NP the condemned list))))))))) .)) (TOP (S (NP-SBJ-1 She) (VP is (VP told (NP *-1) (SBAR 0 (S (NP-SBJ she) (VP ca n't (VP enter (SBAR-ADV unless (S (NP-SBJ-2 she) (VP is (VP accompanied (NP *-2) (PP by (NP-LGS an inspector)))))))))))) .)) (TOP (S (NP-SBJ She) (VP (VP bursts (PP-CLR into (NP tears))) and (VP walks (ADVP-DIR away))) .)) (TOP (S (ADVP-LOC Nearby) , (NP-SBJ-1 (NP five temporary residents) (PP of (NP the school shelter)) (S *ICH*-2)) (VP sit (PP-LOC-CLR on (NP stools)) , (S-2 (NP-SBJ *-1) (VP having (NP their necks and backs) (VP kneaded (PP-LGS by (NP volunteer masseuses)))))) .)) (TOP (S (NP-SBJ The Marina rescue center) (VP offered (NP (NP a very San Franciscan response) (PP to (NP the disaster)))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP free massages)))) , (NP-SBJ there) (VP was (NP-PRD (NP free counseling) , (NP phone calls) and (NP (NP a free shuttle bus) (PP to (NP (NP a health club) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP offered (PRT up) (NP (NP its showers) , (NP saunas) and (NP hot tubs)))))))))) .)) (TOP (S (NP-SBJ The cafeteria) (VP (VP offered (NP-1 donated croissants and brie) (PP-TMP-2 for (NP breakfast))) , and (VP (PP-TMP=2 for (NP dinner)) , (NP=1 (NP (NP pasta salad) and (NP chocolate mousse torts)) (PP along (PP with (NP the salmon)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ This) (VP has (VP been (NP-PRD a 15-pound earthquake) (PP for (NP me))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP resident) (NP (NP Joan O'Shea) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP works (PP-LOC in (NP (NP an acupuncturist 's) office))))))) .)) (TOP (S (NP-SBJ-1 (NP She) and (NP some friends)) (VP are (VP considering (S (NP-SBJ *-1) (VP offering (NP earthquake victims) (NP (NP free yoga classes) and (NP (NP `` aroma therapy '') -- (NP (NP massages) (PP with (NP scented oils))))))))) .)) (TOP (S (NP-SBJ She) (VP finds (S (NP-SBJ (NP the response) (PP of (NP (NP Marina residents) (PRN -- (NP (NP primarily yuppies) and (NP elderly people)) --))) (PP to (NP (NP the devastation) (PP of (NP their homes))))) `` (ADJP-PRD incredible))) .)) (TOP (S (NP-SBJ People) (VP have (VP been (ADJP-PRD very respectful (PP of (NP each other))))) .)) (TOP (S (NP-SBJ I) (VP do n't (VP know (SBAR-ADV if (S (NP-SBJ this) (VP would (VP have (VP happened (NP-LOC somewhere else)))))))) . '')) (TOP (S (PP-LOC Out (PP on (NP the streets))) , (NP-SBJ-1 (NP some residents) (PP of (NP badly damaged buildings))) (VP were (VP allowed (NP *-1) (NP (NP a 15-minute scavenger hunt) (PP through (NP their possessions))))) .)) (TOP (SINV (S-TPC-2 `` (NP-SBJ (NP It) (S *EXP*-3)) (VP 's (ADJP-PRD so weird) (S-3 (NP-SBJ *) (VP to (VP have (S (NP-SBJ *) (VP to (VP decide (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD really important (PP to (NP you))))))))))))) , '') (VP said (S *T*-2)) (NP-SBJ Barbara May) .)) (TOP (S (NP-SBJ She) (VP went (ADVP-TMP first) (PP-PRD for (NP personal mementos))) .)) (TOP (S (PP-TMP In (NP post-earthquake parlance)) , (NP-SBJ her building) (VP is (NP-PRD a `` red)) . '')) (TOP (S (PP-TMP After (S-NOM (NP-SBJ-1 *) (VP being (VP inspected (NP *-1))))) , (NP-SBJ-2 (NP buildings) (PP with (NP substantial damage))) (VP were (VP color-coded (NP *-2))) .)) (TOP (S (S (NP-SBJ Green) (VP allowed (S (NP-SBJ residents) (VP to (VP re-enter))))) ; (S (NP-SBJ yellow) (VP allowed (NP limited access))) ; (S (NP-SBJ red) (VP allowed (S (NP-SBJ residents) (NP-PRD one last entry) (S-PRP (NP-SBJ *) (VP to (VP gather (NP (NP everything) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP could (NP *T*-1) (PP-TMP within (NP 15 minutes)))))))))))) .)) (TOP (S (NP-SBJ Reds and yellows) (VP went (PP-CLR about (NP their business)) (PP-MNR with (NP (NP a kind) (PP of (NP measured grimness))))) .)) (TOP (S (S (NP-SBJ Some) (ADVP-MNR frantically) (VP dumped (NP belongings) (PP-DIR into (NP pillowcases)))) , (S (NP-SBJ others) (VP threw (NP goods) (PP out (NP windows)))) .)) (TOP (S (NP-SBJ It) (VP did n't (VP help (SBAR that (S (PP-TMP on (NP Saturday)) , (PP-TMP after (NP (NP three days) (PP of (NP sunshine)))) , (NP-SBJ it) (VP rained))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ The guys) (VP are (VP going (PP-CLR for (NP (NP their skis) , (NP their stereos) , (NP their personal computers)))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Frank Fitzgerald) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP helped (S (NP-SBJ others) (VP empty (NP their apartments))))))) .)) (TOP (S `` (NP-SBJ The women) (VP wanted (NP (NP photo albums) , (NP a certain brooch) , (NP (ADJP (ADVP kind of) sentimental) things))) . '')) (TOP (S (NP-SBJ He) (VP showed (NP (NP an unbroken , still-ticking pocket watch) (SBAR (WHNP-1 that) (S (NP-SBJ he) (VP retrieved (NP *T*-1) (PP for (NP one woman))))))) .)) (TOP (S (NP-SBJ It) (VP belonged (PP-CLR to (NP her grandfather))) .)) (TOP (S (NP-SBJ-1 Some residents) (VP (VP defied (NP orders)) and (VP returned (PP to (NP `` red '' buildings)) (S-PRP (NP-SBJ *-1) (VP to (VP retrieve (NP goods)))))) .)) (TOP (S (S (NP-SBJ-1 One building) (VP was (VP upgraded (NP *-1) (PP-CLR to (NP red status)) (SBAR-TMP while (S (NP-SBJ people) (VP were (VP taking (NP things) (PRT out)))))))) , and (S (NP-SBJ-3 (NP a resident) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP was n't (VP allowed (S (NP-SBJ *) (VP to (VP go (ADVP-DIR back inside))))))))) (VP called (PP-CLR up (NP the stairs)) (PP-DTV to (NP his girlfriend)) , (S-ADV (NP-SBJ *-3) (VP telling (NP-4 her) (S (NP-SBJ-5 *-4) (VP to (VP keep (S (NP-SBJ *-5) (VP sending (NP things) (PP-DIR down (PP to (NP the lobby)))))))))))) .)) (TOP (S (S (NP-SBJ A policewoman) (VP had (S (NP-SBJ-1 *) (VP to (VP be (VP called (NP *-1) (ADVP-DIR in) (S-PRP (NP-SBJ *) (VP to (VP make (S (NP-SBJ her) (VP leave))))))))))) ; (S (NP-SBJ-2 the policewoman) (VP helped (S (NP-SBJ *-2) (VP carry (PRT out) (NP one last load))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Enforcement) (PP of (NP restricted-entry rules))) (VP was (ADJP-PRD sporadic))) , (NP-SBJ residents) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP One man) (VP trying (S (NP-SBJ *) (VP to (VP remove (NP his car)))))) (VP was (VP told (NP-2 *-1) (PP by (NP-LGS officials)) (S (NP-SBJ *-2) (VP to (VP get (ADVP-DIR out (PP of (NP his garage)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ-3 he) (VP sneaked (ADVP-DIR back) (ADVP-TMP later) (S-PRP (NP-SBJ *-3) (VP to (VP try (ADVP-TMP again)))) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 a different policeman) (VP offered (S (NP-SBJ *-2) (VP to (VP help (S (NP-SBJ him) (VP get (NP the car) (PP-CLR out))))))) .)) (TOP (S (NP-SBJ The Marina) (ADVP also) (VP has (VP become (NP-PRD (NP the focal point) (PP of (NP city efforts (S (NP-SBJ *) (VP to (VP reunite (NP residents) (PP-CLR with (NP (NP any pets) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP may (VP have (VP (VP fled) or (VP become (VP lost)) (PP-TMP during (NP the earthquake))))))))))))))))) .)) (TOP (S (PP-LOC On (NP (NP lampposts) (PP-LOC along (NP (NP Fillmore Street) , (NP a major Marina artery) ,)))) (NP-SBJ posters) (VP were (VP offering (NP (NP a (ADJP $ 100 *U*) reward) (PP for (NP (NP a cat) (VP lost (NP *) (PP-TMP during (NP the quake)))))))) .)) (TOP (S (NP-SBJ (NP The San Francisco Society) (PP for (NP (NP the Prevention) (PP of (NP (NP Cruelty) (PP to (NP Animals))))))) (ADVP also) (VP has (VP been (VP providing (NP (NP medical care) , (NP food) , (NP water) and (NP foster homes)) (PP-BNF for (NP quake-displaced animals))))) .)) (TOP (S (NP-SBJ The SPCA) (VP says (SBAR 0 (S (NP-SBJ it) (VP has (VP received (NP (NP (QP more than 100) requests) (PP for (NP foster homes))) (PP on (NP (NP behalf) (PP of (NP dogs and cats)))))) , (SBAR-ADV though (S (NP-SBJ some people) (VP have (VP sought (NP temporary homes) (PP for (NP birds and fish))))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP one parakeet owner) (VP returning (NP-DIR home))) (VP found (SBAR that (S (NP-SBJ (NP her apartment) , (PP like (NP (NP many others) (PP-LOC in (NP the Marina)))) ,) (VP did n't (VP have (NP heat)))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ She) (VP can (VP stay (ADVP-LOC there) (PP with (NP no heat))))) , but (S (PP for (NP a parakeet)) , (NP-SBJ that) (VP can (VP be (ADJP-PRD deadly))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Daralee Konowitch) , (NP (NP animalcare services manager) (PP for (NP the SPCA)))) .)) (TOP (S (NP-SBJ-1 A warm foster home) (VP has (VP been (VP found (NP *-1)))) .)) (TOP (S (NP-SBJ (NP The neighborhood) (PP-LOC around (NP (NP (NP Alexander Haagen Co. 's) Vermont-Slauson Shopping Center) (PP-LOC in (NP (NP the Watts section) (PP of (NP Los Angeles))))))) (VP (VP resembles (NP (NP the crime-ridden , deteriorating sections) (PP of (NP many inner cities)))) and (VP (ADVP certainly) is n't (NP-PRD (NP the sort) (PP of (NP area)) (SBAR (WHNP-1 0) (S (NP-SBJ-2 one) (VP would (VP choose (S (NP-SBJ *-2) (VP to (VP visit (NP *T*-1))))))))))) .)) (TOP (S But (S (NP-SBJ *) (VP turn (PP-DIR into (NP (NP the shopping center 's) parking lot)))) , and (S (NP-SBJ one) (VP could (VP be (PP-PRD in (NP (NP the safe , busy mall) (PP of (NP a prosperous suburb))))))) .)) (TOP (S (ADVP Only) (NP-SBJ it) (VP is (ADJP-PRD safer , and busier)) .)) (TOP (S (PP-TMP Over (NP the past year)) (NP-SBJ there) (VP have (VP been (NP-PRD (NP only one burglary) , (NP (NP three thefts) (PP of or from (NP autos))) , (NP no purse-snatchings) , and (NP one attempted robbery)) (PP-LOC in (NP (NP the mall) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP opened (PP-TMP in (NP late 1981))))))))) .)) (TOP (S (NP-SBJ-1 (NP A shopping center) (PP of (NP similar size)) (PP-LOC in (NP an affluent Los Angeles suburb))) (VP would , (PP-TMP per (NP year)) , (VP be (VP expected (S (NP-SBJ *-1) (VP to (VP have (NP (NP eight burglaries) , (NP (NP 70 thefts) (PP of or from (NP autos))) , and (NP four robberies)))))))) .)) (TOP (S (S (NP-SBJ The Watts mall) (VP has (NP (NP annual sales) (PP of (NP (NP (QP more than $ 350) *U*) (PP per (NP leasable square foot))))))) ; (S (NP-SBJ (NP the figure) (PP for (NP a comparable suburban shopping center))) (VP would (VP be (NP-PRD $ 200 *U*)))) .)) (TOP (S (NP-SBJ (NP Three other Haagen shopping centers) (PP-LOC in (NP the Watts area))) (VP are (VP doing (ADVP-CLR almost as well))) .)) (TOP (S (NP-SBJ (NP A successful low-crime mall) (PP-LOC in (NP a high-crime area))) (VP violates (NP (NP the more typical inner-city pattern) , (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 commercial areas) (VP are (VP taken (PP *T*-2) (NP *-1) (PRT over) (PP by (NP-LGS (NP unruly youth) , (NP gangs) , and (NP the criminal element))) , (PP with (NP (NP an erosion) (PP of (NP (NP the customer base) , (NP development capital) , and (NP insurability))))))))))) .)) (TOP (S (NP-SBJ-1 Major (ADJP regional and national) chain stores) (VP are (VP replaced (NP *-1) (PP by (NP-LGS (NP mom-and-pop operations) (VP offering (NP poorer-quality merchandise) (PP-CLR at (NP higher prices))))))) .)) (TOP (SINV (PP-TPC-PRD-1 Along (PP with (NP (NP the exodus) (PP of (NP shopping opportunities))))) (VP is (PP-PRD *T*-1)) (NP-SBJ (NP an exodus) (PP of (NP (NP the jobs) (SBAR (WHNP-2 that) (S (NP-SBJ-3 the major chains) (VP used (S (NP-SBJ *-3) (VP to (VP provide (NP *T*-2) (PP-DTV to (NP community residents))))))))))) .)) (TOP (S (ADVP Thus) (NP-SBJ there) (VP is (ADJP-PRD (ADJP even more (PP to (NP the Vermont-Slauson Center))) (PP than (NP (NP a good place) (PP to (NP shop)))))) .)) (TOP (S (NP-SBJ This defensible commercial zone) (VP becomes , (PP for (NP the residents)) , (NP-PRD (NP (NP a secure oasis) (PP-LOC in (NP a barren urban landscape))) , (NP evidence (SBAR (SBAR that (S (NP-SBJ community decay) (VP is (ADJP-PRD not inevitable)))) and (SBAR that (S (NP-SBJ the gangs) (VP are (ADJP-PRD not invincible)))))))) .)) (TOP (S (NP-SBJ-2 The center) (VP (VP improves (NP the community image) (PP to (NP outsiders)) (ADVP as well)) , and (VP may (VP help (S (NP-SBJ *-2) (VP to (VP (VP arrest (NP *RNR*-1)) , or (VP (ADVP even) reverse (NP *RNR*-1)) , (NP-1 (NP the exodus) (PP of (NP capital and investment))))))))) .)) (TOP (S (NP-SBJ An additional benefit) (VP is (NP-PRD (NP the creation) (PP of (NP jobs)))) .)) (TOP (S (NP-SBJ This) (VP starts (PP-TMP-CLR in (NP the construction phase)) (PP-MNR through (NP (NP the use) (PP of (NP (NP minority contractors) and (NP local workers)))))) .)) (TOP (S (S (NP-SBJ It) (VP continues (PP-TMP through (NP (NP the life) (PP of (NP the center)))))) ; (S (NP-SBJ the Vermont-Slauson Center) (VP has (VP created (NP 500 permanent private-sector jobs) (PP at (NP a one-time cost)) (PP in (NP (NP public funds) (PP of (NP (NP (QP only $ 2,500) *U*) (PP per (NP job))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 (NP many) (PP of (NP these jobs))) (VP are (VP filled (NP *-1) (PP by (NP-LGS (NP local residents) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP move (PP-DIR from (NP the welfare rolls)) (PP-DIR to (NP the tax rolls))))) ,)))))) (NP-SBJ the (ADJP $ 2,500-per-job *U*) public investment ) (VP should (VP repay (NP itself) (PP-TMP in (NP a few years)))) .)) (TOP (S And (NP-SBJ that) (VP is (PP-TMP-PRD before (NP (NP consideration) (PP of (NP (NP increased (UCP state and local) revenues) (PP from (NP (NP taxes and fees) (PP on (NP (NP sales) , (NP real estate) , (NP licenses) and (NP the like)))))))))) .)) (TOP (S (S (NP-SBJ Profits) (VP are (ADVP also) (VP plowed (ADVP-CLR back) (PP-DIR into (NP the community))))) ; (S (NP-SBJ the non-profit Vermont-Slauson Economic Development Corp.) (VP (VP receives (NP (NP 60 %) (PP of (NP (NP the profits) (PP from (NP the Vermont-Slauson Center)))))) and (VP uses (NP-1 the money) (S-PRP (NP-SBJ *-1) (VP to (VP provide (NP (NP (NP moderate and low-cost housing) (PP-LOC in (NP the community)) (PRN -- (VP (ADVP-TMP now) running (PP into (NP (NP the hundreds) (PP of (NP units))))) --)) (CONJP as well as) (NP commercial and industrial development projects)))))))) .)) (TOP (S (NP-SBJ (NP Bradford Crowe) , (NP (NP director) (PP of (NP (NP the mayor 's) City Economic Development Office))) ,) (VP says : `` (S (NP-SBJ There) (VP is (NP-PRD no question (SBAR that (S (NP-SBJ Vermont-Slauson) (VP had (NP a halo effect) (PP-LOC on (NP the surrounding neighborhood))))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP had (VP been (NP-PRD (NP a deteriorated area) (PP with (NP (NP nothing) (PP but (NP (NP wig shops) and (NP shoe shops)))))))))) (VP is (ADVP-TMP now) (VP experiencing (NP (NP a major upgrading) (PP in (NP the (UCP housing and commercial) stock))) , (NP-ADV (NP thanks) (PP to (NP (NP a (ADJP continuously replenished) source) (PP of (NP revitalization capital)) (SBAR (WHNP-2 that) (S (NP-SBJ Vermont-Slauson) (VP yields (NP *T*-2))))))))) . '')) (TOP (S (NP-SBJ Another benefit) (VP is (SBAR-PRD that (S (NP-SBJ (NP substantial percentages) (PP of (NP (NP the proprietors) (PP-LOC in (NP these centers))))) (VP are (NP-PRD minority businessmen and women))))) .)) (TOP (S (PP-LOC In (NP (NP the Grand Boulevard Plaza) (VP developed (NP *) (PP by (NP-LGS (NP Matanky Realty Group) (PP-LOC (PP in (NP (NP Chicago 's) Third Ward)) , (PP opposite (NP the Robert Taylor Homes)) ,)))))) (NP-SBJ-1 (NP 29 %) (PP of (NP the stores))) (PP-TMP to (NP date)) (VP have (VP been (VP leased (NP *-1) (PP-DTV-2 to (NP blacks))))) and (S (NP-SBJ=1 14 %) (PP-DTV=2 to (NP (NP members) (PP of (NP other minority groups))))) .)) (TOP (S (NP-SBJ (NP Children) (PP from (NP the community))) (VP will (VP have (NP (NP worthier role models) (PP than (NP the drug kingpins))))) .)) (TOP (SBAR (ADVP So) (WHNP-1 what) (SQ (NP-SBJ *T*-1) (VP 's (NP-PRD the catch))) ?)) (TOP (FRAG (SBAR (ADVP Primarily) that (S (NP-SBJ (S (NP-SBJ *) (VP putting (NP (NP one) (PP of (NP these inner-city deals))) (ADVP-PUT together)))) (VP takes (NP (NP (NP time) , (NP patience) , (NP (NP breadth) (PP of (NP vision))) and (NP negotiating skills)) (SBAR (WHNP-1 that) (S (NP-SBJ not all developers) (VP possess (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ Security costs) (VP are (ADVP also) (ADJP-PRD quite high)) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP these centers))) (VP can (VP involve (NP (NP years) (PP of (S-NOM (NP-SBJ *) (VP negotiating (PP (PP with (NP (NP numerous public agencies) , (NP local political leaders) , and (NP citizen groups))) , and (PP with (NP (NP prospective tenants) and (NP (NP sources) (PP of (NP financing)))))))))))) .)) (TOP (S (S (NP-SBJ Suburban deals) (VP are not (PP-PRD without (NP their delays and complications)))) -- (S (NP-SBJ inner-city deals) (ADVP just) (VP have (NP (NP more) (PP of (NP them))))) .)) (TOP (S (NP-SBJ (NP Security) (PP at (NP a typical Haagen inner-city center))) (VP is (ADJP-PRD impressive , but unobtrusive)) .)) (TOP (S (NP-SBJ-1 The entire site) (VP is (VP enclosed (NP *-1) (PP by (NP-LGS (NP a 6-to-8-foot-high ornamental iron fence) (PP with (NP (NP a small number) (PP of (NP remote-controlled gates)))))))) .)) (TOP (S (NP-SBJ Shrubs and flowers) (VP give (NP it) (NP a (ADJP pleasing and non-fortress-like) appearance)) .)) (TOP (S (S (NP-SBJ (NP Infrared motion detectors) and (NP closed-circuit TV cameras)) (VP monitor (NP the entire center))) ; (S (NP-SBJ lighting levels) (VP are (NP-PRD (QP three to five times) the industry standard))) .)) (TOP (S (NP-SBJ (NP The security command post) , (VP camouflaged (NP *) (PP-CLR as (NP second-story retail space))) ,) (VP has (NP (NP its own `` (NP crow 's) nest '') (PP-LOC above (NP (NP the roofs) (PP of (NP the other buildings)))) , (PP with (NP (NP a panoramic view) (PP of (NP the entire center)))))) .)) (TOP (S (NP-SBJ Local law enforcement) (VP is (ADJP-PRD present (PP in (NP (NP a sub-station occupying space) (VP donated (NP *) (PP by (NP-LGS the center))))))) .)) (TOP (S (NP-SBJ These features) (VP are (ADVP also) (VP used (PP-LOC in (NP (NP Matanky Realty Group 's) Grand Boulevard Plaza)))) .)) (TOP (S (NP-SBJ Haagen) (VP has (NP (NP its own large security force) (PP of (NP well-trained and well-paid personnel))) (PP on (NP round-the-clock duty)) (PP-LOC at (NP each center))) .)) (TOP (S (NP-SBJ Security) (VP is (NP-PRD (NP (QP 60 % to 70 %) *U*) (PP of (NP (NP the common area charges) (PP of (NP these centers)))) , (PP vs. (NP (NP an industry average) (PP of (NP (QP about 15) %)))))) .)) (TOP (S (NP-SBJ-1 These security costs) (VP are (VP kept (S (NP-SBJ *-1) (ADJP-PRD off-budget)) (SBAR-PRP because (S (NP-SBJ-2 (NP the centers ') site acquisition , construction , and financing costs) (VP were (VP reduced (NP *-2) (PP by (NP-LGS (NP such programs) (PP as (NP (NP Urban Development Action Grants) , (NP Economic Development Administration Grants) , (NP Community Development Block Grants) , (NP tax-free Industrial Development Bonds) , (NP Enterprise Zone tax write-offs) , (NP city infrastructure grants) , and (NP tax increment financing))))))))))) .)) (TOP (S (NP-SBJ (NP Many) (PP of (NP these programs))) (VP (VP (ADVP-TMP no longer) exist) , or (VP have (VP been (ADVP-MNR severely) (VP cut (PRT back))))) .)) (TOP (S (ADVP However) , (SBAR-ADV since (S (NP-SBJ-1 these centers) (VP appear (S (NP-SBJ *-1) (VP to (VP pay (PP-CLR for (NP themselves)))))))) , (NP-SBJ there) (VP is (NP-PRD nothing (S (NP-SBJ *) (VP to (VP prevent (NP-2 (UCP state and local) governments) (PP from (S-NOM (NP-SBJ *-2) (VP enacting (NP (NP legislation) (PP with (NP similar provisions))))))))))) .)) (TOP (S (NP-SBJ Many states) (ADVP-TMP already) (VP have (NP (NP Enterprise Zones) and (NP (NP legislation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP combines (NP (NP tax incentives) , (NP loans) , and (NP grants)) (S-PRP (NP-SBJ *) (VP to (VP encourage (NP (NP investment) (PP in (NP depressed areas))) (PP with (NP (NP requirements) (PP for (NP (NP the hiring) (PP of (NP (NP the unemployed) and (NP minorities)))))))))))))))) .)) (TOP (S (NP-SBJ-1 These programs) (VP could (VP be (VP expanded (S (NP-SBJ *-1) (VP to (VP focus (PP-CLR on (NP (NP (NP funds) (PP (PP for (NP project planning)) (PP *ICH*-4))) , (S-NOM (NP-SBJ *) (VP identifying (NP (NP sources) (PP of (NP funds))))) , and (PP-4 for (S-NOM (NP-SBJ *) (VP (VP acquiring (NP a site)) and (VP preparing (NP it))))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Combatting (NP (NP crime) and (NP (NP the fear) (PP of (NP it)))) (PP-LOC in (NP (ADJP inner-city commercial) areas)))) (VP should (VP give (NP Enterprise Zones) (NP (NP more success) (SBAR than (S (NP-SBJ most) (VP have (VP enjoyed (PP-TMP to (NP date))))))))) .)) (TOP (S (SBAR With (S (NP-SBJ many suburban areas) (ADJP-PRD basically overbuilt (PP with (NP shopping centers))))) , (NP-SBJ inner-city areas) (VP may (VP represent (NP (NP a major new untapped market) (PP for (NP investment))))) .)) (TOP (S (NP-SBJ (NP New approaches) (PP to (NP mall design and operation))) (VP make (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD possible) (S-1 (NP-SBJ *) (VP to (VP tap (NP these markets)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the risks and rewards) (VP are (ADJP-PRD reasonable)))) , (NP-SBJ developers) (VP will (VP respond)) .)) (TOP (S (NP-SBJ (NP Government officials) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP wonder (SBAR-NOM (WHADJP-2 how important) (S (NP-SBJ (NP it) (SBAR *EXP*-4)) (VP is (ADJP-PRD *T*-2) (SBAR-4 for (S (NP-SBJ them) (VP to (VP encourage (NP (NP development) (PP-LOC in (NP high-risk areas)))))))))))))) (VP should (VP (VP visit (NP (NP Vermont-Slauson) and (NP Grand Boulevard Plaza))) and (VP decide (PP for (NP themselves))))) .)) (TOP (S (NP-SBJ The answer) (VP will (VP be (ADJP-PRD obvious))) .)) (TOP (S (NP-SBJ Mr. Titus) (VP is (NP-PRD (NP a researcher) (PP-LOC at (NP (NP (NP the Justice Department 's) National Institute) (PP of (NP Justice)))))) .)) (TOP (S (NP-SBJ ATHLONE INDUSTRIES Inc.) (VP said (SBAR that (S (PP-TMP on (NP Dec. 21)) (NP-SBJ it) (VP will (VP redeem (NP (NP (ADJP (QP $ 10 million) *U*) face amount) (PP of (NP (NP its (QP $ 59.3 million) *U*) (PP of (NP (NP (NP (ADJP 15.625 %) subordinated notes) (ADJP outstanding)) , (ADJP due (NP-TMP June 1 , 1991)))))))))))) .)) (TOP (S (PP For (NP (NP each $ 1,000 *U*) (PP of (NP notes)))) , (NP-SBJ (NP the maker) (PP of (NP (NP specialty metals) , (NP industrial fasteners) and (NP consumer products)))) (VP will (VP pay (NP (NP $ 1,026.46 *U*) (PP plus (NP (NP $ 8.68 *U*) (PP of (NP (NP interest) (VP accrued (NP *) (PP-TMP from (NP Dec. 1)))))))))) .)) (TOP (S (NP-SBJ The company) (VP will (VP notify (NP (NP holders) (PP of (NP (NP the notes) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP redeemed (NP *-1))))))))))) .)) (TOP (S (NP-SBJ Manufacturers Hanover Trust Co.) (VP is (NP-PRD redemption agent)) .)) (TOP (S (S (NP-SBJ-1 One company) (ADVP-TMP recently) (VP was (VP listed (NP *-1) (PP-LOC on (NP the New York Stock Exchange))))) , and (S (NP-SBJ another) (VP will (VP join (NP the Big Board) (PP from (NP the over-the-counter market)) (NP-TMP this week)))) .)) (TOP (S (NP-SBJ-1 (NP Putnam Investment Grade Municipal Trust) , (NP Boston) ,) (VP was (VP listed (NP *-1) (PP-CLR with (NP (NP the symbol) (NP PGM))))) .)) (TOP (S (NP-SBJ The new closed-end management investment company) (VP trades (NP (NP shares) (PP of (NP beneficial interest)))) .)) (TOP (S (NP-SBJ It) (VP invests (ADVP primarily) (PP-LOC-CLR in (NP tax-exempt municipal securities))) .)) (TOP (S (NP-SBJ (NP Hibernia Corp.) , (NP a New Orleans bank holding company) ,) (VP will (VP join (NP the Big Board Thursday) (PP-LOC under (NP HIB)))) .)) (TOP (S (NP-SBJ-1 Three companies) (VP began (S (NP-SBJ *-1) (VP trading (PP-MNR over (NP the counter))))) .)) (TOP (S (NP-SBJ (NP Exabyte Corp.) , (NP (NP a (NAC-LOC Boulder , Colo. ,) maker) (PP of (NP (NP high-capacity tape cartridge systems) (VP used (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP back (PRT up) (NP computer disk drives)))))))) ,) (VP started (NP OTC trading) (PP with (NP the symbol EXBT))) .)) (TOP (S (NP-SBJ-1 (NP (NP Rally 's) Inc.) , (NP a (NAC-LOC Louisville , Ky. ,) restaurant franchisor) ,) (VP started (S (NP-SBJ *-1) (VP trading (PP under (NP RLLY))))) .)) (TOP (S (NP-SBJ-1 (NP Sierra Tucson Cos.) , (NP (NP Tucson) , (NP Ariz.)) ,) (VP started (S (NP-SBJ *-1) (VP trading (PP-LOC under (NP STSN))))) .)) (TOP (S (NP-SBJ It) (VP operates (NP (NP various types) (PP of (NP addiction-treatment facilities)))) .)) (TOP (S (ADVP Separately) , (PP-LOC on (NP the Pacific Stock Exchange)) , (NP-SBJ-1 (NP put and call options) (PP on (NP (NP the common stock) (PP of (NP Aldus Corp.))))) (VP started (S (NP-SBJ *-1) (VP trading))) .)) (TOP (S (NP-SBJ (NP Aldus) , (NP Seattle) ,) (VP makes (NP computer software products)) .)) (TOP (S (NP-SBJ Options) (VP give (NP a holder) (NP (NP (NP the right) (S *RNR*-1)) , (CONJP but not) (NP (NP the obligation) (S *RNR*-1)) , (S-1 (NP-SBJ *) (VP to (VP buy or sell (NP a security) (PP-CLR at (NP a set price)) (PP-TMP within (NP (NP a set period) (PP of (NP time))))))))) .)) (TOP (S (NP-SBJ Dow Chemical Co.) (VP said (SBAR 0 (S (NP-SBJ-1 its Destec Energy Inc. unit) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP PSE Inc.) , (NP a Houston energy company) ,) (PP in (NP (NP a deal) (VP valued (NP *) (PP-CLR at (NP (QP about $ 115 million) *U*))))))))))))) .)) (TOP (S (NP-SBJ (NP Dow) , (PP of (NP (NP Midland) , (NP Mich.) ,))) (VP said (SBAR 0 (S (NP-SBJ its unit) (VP will (VP begin (PP-TMP by (NP Thursday)) (NP (NP a tender offer) (PP of (NP (NP $ 12.25 *U*) (NP-ADV a share))) (PP for (NP (NP all PSE common shares) (ADJP outstanding))))))))) .)) (TOP (S (S-TPC-1 (PP Among (NP other conditions)) , (NP-SBJ the offer) (VP depends (PP-CLR on (NP (NP the Dow unit) (VP acquiring (NP (NP (QP at least 66 2) %) (PP of (NP (NP the PSE shares) (ADJP outstanding))))))))) , (NP-SBJ the companies) (VP said (SBAR 0 (S *T*-1)) (PP-LOC in (NP a joint statement)) (NP-TMP Friday)) .)) (TOP (S (NP-SBJ PSE) (VP has (NP (NP (QP about 9.2 million) shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ the (ADJP (QP approximately $ 115 million) *U*) acquisition price) (VP includes (NP (NP its (QP total $ 33 million) *U*) (PP of (NP (NP long-term debt) (ADJP outstanding)))))))) .)) (TOP (S (NP-SBJ Dow) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP-TMP already) (VP has (NP (NP agreements) (PP with (NP (NP (NP Albert J. Smith Jr.) , (NP (NP (NP chairman) and (NP chief executive officer)) (PP of (NP PSE))) ,) and (NP (NP certain other officers) (PP of (NP the company))))) (SBAR-LOC (WHPP-1 under (WHNP which)) (S (NP-SBJ Dow) (VP may (VP buy (NP (NP (QP about 40) %) (PP of (NP (NP the PSE common shares) (ADJP outstanding)))) (PP-LOC *T*-1)))))))))) .)) (TOP (S (NP-SBJ PSE) (VP (VP is (NP-PRD (NP a designer and operator) (PP of (NP energy-cogeneration facilities)))) and (VP had (NP (NP 1988 sales) (PP of (NP (QP $ 234 million) *U*))))) .)) (TOP (S (NP-SBJ The company) (VP is (NP-PRD (NP owner and operator) , or (NP an equity partner) , (PP in (NP (NP six cogeneration facilities) -- (NP (NP (NP two) (PP-LOC in (NP Texas))) and (NP (NP four) (PP-LOC in (NP California)))))))) .)) (TOP (S (NP-SBJ The company) (VP said (ADVP-TMP recently) (SBAR 0 (S (NP-SBJ it) (VP expects (SBAR 0 (S (NP-SBJ third-quarter earnings) (VP will (VP be (PP-PRD in (NP (NP range) (PP from (NP (NP (NP (QP $ 1.3 million to $ 1.7 million ) *U*) , or (NP (NP (QP 14 cents to 18) cents) (NP-ADV a share)) ,) (VP compared (NP *) (PP-CLR with (NP (NP $ 326,000 *U*) , or (NP (NP four cents) (NP-ADV a share)) , (ADVP-TMP (NP a year) ago)))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ growth) (VP regains (NP its glamour) (PP-LOC among (NP investors))))) , (NP-SBJ (NP a sluggish segment) (PP of (NP the Nasdaq over-the-counter market))) (VP could (VP show (NP some flash))) .)) (TOP (S (NP-SBJ Some stock pickers) (ADVP-TMP already) (VP are (VP targeting (NP (NP the OTC market) , (SBAR (WHADVP-1 where) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (SINV *T*-2)))) ,) (SINV-2 (VP await (ADVP-LOC *T*-1)) (NP-SBJ (NP plenty) (PP of (NP (ADJP small - and medium-sized) growth stocks)))))))) .)) (TOP (S-1 (NP (NP Best) (PP of (NP all))) (PRN , (S (NP-SBJ they) (VP add (SBAR 0 (S *T*-1)))) ,) (NP-SBJ these growth issues) , (PP unlike (NP (NP their big blue-chip cousins) (PP-LOC on (NP the New York Stock Exchange)))) , (VP are (VP languishing (PP-CLR at (NP depressed prices)))) .)) (TOP (S-2 (NP-SBJ-1 Growth stocks) (VP will (VP return (S (NP-SBJ *-1) (VP to (VP favor))) (PRN , (S (NP-SBJ some analysts and money managers) (VP think (SBAR 0 (S *T*-2)))) ,) (PP-PRP (PP because of (NP (NP the jitters) (VP caused (NP *) (PP by (NP-LGS (NP (NP the market 's) steep slide) (PP-TMP on (NP Oct. 13))))))) , and (PP because of (NP (NP the current swell) (PP of (NP disappointing earnings announcements))))))) .)) (TOP (S (PP-LOC Against (NP such a backdrop)) , (NP-SBJ (NP companies) (PP with (NP (NP proven track records) (PP of (NP (NP earnings gains) (PP of (NP (QP 20 % or so) *U*))))))) (ADVP-TMP annually) (VP have (NP extra appeal)) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ-1 The market) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP look (PP-CLR for (NP a new theme)) (ADVP-TMP now))))))) and (S (NP-SBJ that theme) (VP will (VP be (NP-PRD (NP a return) (PP to (NP growth))))))) , '' (VP declares (S *T*-2)) (NP-SBJ (NP Mary Farrell) , (NP a PaineWebber analyst)) .)) (TOP (SINV (PP-TPC-1 Among (NP her OTC picks)) (VP are (PP-PRD *T*-1)) (NP-SBJ (NP Oshkosh B'Gosh) and (NP A&W Brands)) .)) (TOP (S (PP Like (NP many OTC growth issues)) , (NP-SBJ they) (VP have (NP (NP market values) (PRN -- (SBAR as (S (NP-SBJ *) (VP measured (PP by (NP-LGS (NP stock price) (PP times (NP (NP shares) (ADJP outstanding)))))))) --) (PP of (NP (QP roughly $ 100 million to $ 500 million ) *U*)))) .)) (TOP (S (NP-SBJ-2 Some) (VP like (S (NP-SBJ *-2) (VP to (VP specialize (PP-CLR in (NP (NP growth companies) (SBAR (WHNP-1 whose shares) (S (NP-SBJ-3 *T*-1) (VP have n't (VP traded (NP *-3) (ADVP-MNR publicly) (ADVP-TMP very long))))))))))) .)) (TOP (S (NP-SBJ These) (VP are (ADVP-TMP sometimes) (VP dubbed (NP `` emerging '' growth companies) , (SBAR-ADV though (S (NP-SBJ they) (ADVP also) (VP have (NP expanding-profit track records)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ many growth stocks) (VP are (ADJP-PRD small)))) , (NP-SBJ not all small stocks) (VP have (NP earnings-growth momentum)) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD an important distinction) (SBAR-PRP because (S (NP-SBJ (NP some analysts and brokers) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP perennially) (VP predict (SBAR that (S (NP-SBJ-2 small stocks) (VP are (VP about (S (NP-SBJ *-2) (VP to (VP outperform (NP bigger issues))))))))))) ,) (VP may (VP use (NP-3 (NP any spurt) (PP in (NP growth issues))) (S-CLR (NP-SBJ *-3) (VP to (VP help (S (NP-SBJ them) (VP sell (NP all small stocks))))))))))) .)) (TOP (SINV (S-TPC-1 `` (S (NP-SBJ You) (VP can (VP find (NP some good , quality companies) (PP-LOC over (NP the counter))))) , '' but (S (NP-SBJ investors) (VP should (VP be (ADJP-PRD selective)))) ,) (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP John Palicka) , (NP (NP chief portfolio manager) (PP-LOC at (NP (NP Midco Investors) , (NP (NP a (NAC-LOC Newark , N.J.) , money management company) (PP with (NP (NP (QP about $ 900 million) *U*) (VP invested (NP *) (PP-CLR-LOC in (NP (NP growth stocks) (PP of (NP varying sizes)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Palicka 's) picks) (PP from (NP the OTC market))) (VP include (NP (NP Legent) , (NP Mail Boxes Etc.) , and (NP Payco American))) .)) (TOP (S (NP-SBJ (NP The main argument) (PP for (NP growth stocks))) (VP is (NP-PRD (NP their usually superior performance) (PP-LOC in (NP a slowing economy)))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ the market) (VP refocuses (PP-CLR on (NP earnings))))) , (NP-SBJ we) (VP should (VP get (NP (NP better valuations) (PP of (NP growth stocks)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP L. Keith Mullins) , (NP (NP a growth-stock analyst) (PP-LOC at (NP Morgan Stanley)))) .)) (TOP (S-1 (ADVP-TMP Eventually) (PRN , (NP-SBJ he) (VP believes (SBAR 0 (S *T*-1)))) , (NP-SBJ-2 investors) (VP will (VP be (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP pay (NP higher prices) (PP for (NP (NP companies) (PP with (NP (NP proven track records) (PP of (NP earnings growth)))))))))))) .)) (TOP (S (PP In (NP (NP anticipation) (PP of (NP that shift))) ,) (NP-SBJ (NP he) and (NP other analysts)) (VP are (VP encouraging (S (NP-SBJ their clients) (VP to (VP buy (NP such issues) (ADVP-TMP now)))))) .)) (TOP (S (ADVP Understandably) , (NP-SBJ smaller growth stocks) (VP have n't (VP been (PP-PRD in (NP favor)) (ADVP-TMP recently))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The average issue) (PP on (NP (NP Standard & Poor 's) 500-stock Index))) (VP gained (NP-EXT 35 %) (NP-TMP last year))) , (NP-SBJ (NP Ms. Farrell) (PP of (NP PaineWebber))) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Smaller-stock earnings) , (PP by (NP comparison)) , (VP rose (PP-EXT between (NP (NP 15 %) and (NP 20 %)))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ earnings growth) (VP took (NP-CLR a back seat) (PP-CLR to (NP (NP (NP cash flow) , (NP restructuring and takeover potential) , and (NP breakup value)) (PP as (NP the preferred stock-picking standards)))) (PP-TMP for (NP (NP much) (PP of (NP the year))))) .)) (TOP (S (ADVP Also) , (NP-SBJ the smaller growth stocks) (VP (VP are n't (VP (ADVP-MNR widely) traded)) , and (VP (ADVP so) are (ADJP-PRD (ADJP harder (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP buy and sell (NP *T*-1) (ADVP-MNR quickly)))))) (PP than (NP blue chips))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ (NP (NP Morgan Stanley 's) Index) (PP of (NP (NP 40 Emerging Growth Stocks) (PRN -- (ADJP most (PP of (SBAR-NOM (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (PP-LOC-PRD in (NP the OTC market))))))) --)))) (VP is (ADVP-PRD up (NP (QP only 13) %) (PP-TMP for (NP the year))) , (SBAR-TMP while (S (S (NP-SBJ the Dow Jones Industrial Average) (VP has (VP leaped (NP-EXT 24 %)))) and (S (NP-SBJ the S&P 500) (VP has (VP grown (NP-EXT 25 %))))))) .)) (TOP (S (S (NP-SBJ The Nasdaq Composite) (VP has (VP gained (NP-EXT 23 %) (NP-TMP this year)))) , but (S (NP-SBJ that) (VP 's (ADJP-PRD largely due (PP to (NP (NP the 100 largest nonfinancial stocks) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (VP soared (NP-EXT 30 %)))))))))) .)) (TOP (S (NP-SBJ Some investors) (VP are (ADJP-PRD skeptical (PP of (NP growth stocks))) (SBAR-PRP because (S (S-NOM-SBJ (NP-SBJ *) (VP investing (PP-CLR in (NP them)))) (VP means (S (NP-SBJ *) (VP ignoring (NP (NP that maxim) (VP found (NP *) (PP-LOC in (NP (NP the fine print) (PP of (NP some investment advertisements))))) -- (SBAR that (S (NP-SBJ past performance) (VP is n't (ADJP-PRD indicative (PP of (NP future results))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ People) (VP are (ADJP-PRD naturally suspicious (PP of (NP them))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Mullins) (PP of (NP Morgan Stanley))) .)) (TOP (SINV (PP-TPC-1 Among (NP (NP his favorites) (PP in (NP (NP his firm 's) index)))) (VP are (PP-PRD *T*-1)) (NP-SBJ (NP Legent) , (NP Silicon Graphics) and (NP Novell)) .)) (TOP (S (ADVP However) , (NP-SBJ-1 more money managers) (VP are (VP reassured (NP *-1) (SBAR that (S (NP-SBJ profit) (VP is (VP regaining (NP importance))))))) .)) (TOP (S (NP-SBJ (NP Mark Schoeppner) , (NP (NP portfolio manager) (PP-LOC at (NP Pittsburgh-based Quaker Capital Management))) ,) (VP says (SBAR that (S (PP in (NP (NP reaction) (PP to (NP (NP nervousness) (PP about (NP debt-laden buy-out transactions)))))) , (NP-SBJ-2 analysts and investors) (ADVP-TMP now) (VP appear (S (NP-SBJ *-2) (VP to (VP be `` (VP valuing (NP stock) (PP-CLR based (PP on (NP (NP future earnings) (SBAR as (S (NP-SBJ *) (VP opposed (PP to (NP (NP the amount) (PP of (NP debt)) (SBAR (WHNP-1 0) (S (NP-SBJ the company) (VP can (VP support (NP *T*-1))))))))))))))))))))) . '')) (TOP (S (NP-SBJ (NP Barney Hallingby) , (NP (NP managing director) (PP of (NP research)) (PP-LOC at (NP Hambrecht & Quist))) ,) (ADVP also) (VP believes (SBAR 0 (S (NP-SBJ-1 earnings growth) (VP is (VP beginning (S (NP-SBJ *-1) (VP to (VP play (NP (NP a greater part) (PP in (NP (NP investors ') buying decisions))))))))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ Hambrecht & Quist) (VP added (NP St. Jude Medical) (PP to (NP (NP the list) (PP of (NP (NP 20 stocks) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP (ADVP-MNR strongly) recommends (NP *T*-1))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The opinion) (VP is (ADVP largely) (VP based (PP-CLR on (NP (NP the company 's) earnings momentum))))) , (NP-SBJ Mr. Hallingby) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP (NP St. Jude 's) market value) (PP-LOC on (NP Nasdaq))) (VP exceeds (NP (QP $ 1 billion) *U*) , (SBAR-ADV so (S (NP-SBJ it) (VP is n't (NP-PRD a small stock))))) .)) (TOP (S (NP-SBJ (NP The medical devices maker 's) earnings) (VP (VP rose (NP-EXT-1 nearly 35 %) (PP-TMP-2 in (NP 1987)) (PP-TMP from (NP 1986))) , and (VP (NP-EXT=1 75 %) (PP-TMP=2 in (NP 1988)))) .)) (TOP (S (NP-SBJ (NP Kurt Kruger) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP follows (NP the stock) (PP for (NP Hambrecht & Quist))))) ,) (VP anticipates (SBAR that (S (NP-SBJ (NP the company 's) net income) (VP will (VP grow (NP-EXT 51 %) (PP-DIR to (NP (NP $ 2.15 *U*) (NP-ADV a share))) (NP-TMP this year)))))) .)) (TOP (S (NP-SBJ St. Jude) (VP finished (ADVP-CLR up (NP 1)) (PP to (NP (QP 44 1))) (PP-TMP on (NP Friday))) .)) (TOP (NP-HLN (NP Friday 's) Market Activity)) (TOP (S (NP-SBJ The Nasdaq Composite Index) (VP eased (NP-EXT 0.13) (PP-CLR to (NP 470.67))) .)) (TOP (S (NP-SBJ The composite) (VP finished (ADVP-CLR up (NP 0.7 %)) (PP-TMP from (NP (NP last Friday 's) close))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP a busy week) (PP for (NP OTC stocks)))) .)) (TOP (S (S (NP-SBJ (NP Friday 's) volume) (VP totaled (NP (QP 158.2 million) shares))) ; (S (NP-SBJ (NP the daily average) (PP for (NP the week))) (VP was (NP-PRD a bustling 176.7 million))) .)) (TOP (S (NP-SBJ Valley National) (VP lost (NP-EXT (QP 1 3)) (PP-DIR to (NP (QP 17 1))) (PP on (NP (NP volume) (PP of (NP (QP 1.9 million) shares))))) .)) (TOP (S (NP-SBJ The company) (VP reported (NP a big third-quarter loss) (PP-TMP on (NP Thursday))) .)) (TOP (S (NP-SBJ-1 (NP Merchants Bank) (PP of (NP New York))) (VP lost (NP-EXT 1) (PP-DIR to (NP 106)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP reporting (SBAR that (S (NP-SBJ its third-quarter net income) (VP fell (PP-DIR to (NP (NP $ 1.62 *U*) (NP-ADV a share))) (PP from (NP (NP (NP last year 's) $ 1.67 *U*) (NP-ADV a share)))))))))) .)) (TOP (S (NP-SBJ-1 Eliot Savings Bank) (VP lost (NP-EXT 7) (PP to (NP (QP 1 5))) (PP after (S-NOM (NP-SBJ *-1) (VP reporting (SBAR that (S (NP-SBJ it) (VP had (NP a (ADJP (QP $ 4.8 million) *U*) loss) (PP-TMP in (NP the latest third quarter)) (PP-PRP (ADVP mostly) because of (NP loan-loss provisions))))))))) .)) (TOP (S (PP-TMP In (NP the 1988 quarter)) , (NP-SBJ the bank) (VP earned (NP (QP $ 1.1 million) *U*)) .)) (TOP (S (NP-SBJ One bank stock) (VP was (NP-PRD a winner)) .)) (TOP (S (NP-SBJ-2 BanPonce) (VP jumped (NP-EXT (QP 4 1)) (PP-DIR to (NP (QP 47 3))) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP agreeing (S (NP-SBJ-1 *) (VP to (VP be (VP acquired (NP *-1) (PP by (NP-LGS Banco Popular de Puerto Rico)) (PP-CLR for (NP (NP $ 56.25 *U*) (NP-ADV a share))))))))))) .)) (TOP (S (NP-SBJ Banco Popular) , (ADVP meanwhile) , (VP dropped (NP-EXT (QP 1 1)) (PP-DIR to (NP (QP 21 1)))) .)) (TOP (S (NP-SBJ (NP Sierra Tucson) , (NP an initial public offering) ,) (VP made (NP the most active list)) .)) (TOP (S (NP-SBJ-1 (NP The company 's) shares) (VP (VP began (S (NP-SBJ *-1) (VP trading (PP-CLR at (NP (NP (QP 12 1)) , (ADVP up (PP from (NP (NP its initial offering price) (PP of (NP 12)))))))))) , and (VP closed (PP-CLR at (NP 13)))) .)) (TOP (S (NP-SBJ Sierra Tucson) (VP operates (NP an addiction treatment center)) .)) (TOP (S (PP Among (NP declining issues)) , (NP-SBJ a weak earnings outlook) (VP drove (S (NP-SBJ Groundwater Technology) (ADVP-PRD down (NP (QP 6 1))) (PP-DIR to (NP 24)))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ (NP results) (PP for (NP (NP its second quarter) (VP ended (NP *) (NP-TMP-CLR Oct. 28))))) (VP could (VP drop (NP (NP as much) (PP as (NP (NP 20 %) (PP below (NP (NP (NP the 30 cents) (NP-ADV a share)) (VP reported (NP *) (PP-TMP in (NP the year-earlier quarter))))))))))))) .)) (TOP (S (NP-SBJ Medstone International) (VP plummeted (NP-EXT (QP 3 1)) (PP-DIR to (NP (QP 7) 1))) .)) (TOP (S (NP-SBJ A Food and Drug Administration advisory panel) (VP has (VP asked (SBAR that (S (NP-SBJ Medstone) (VP perform (NP (NP more studies) (PP on (NP (NP its device) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP treat (NP gallstones) (ADVP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ-1 Qintex Entertainment) (VP dropped (NP-EXT (QP 2) 5) (PP-DIR to (NP (QP 1 1))) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP seeking (NP (NP protection) (PP from (NP creditor lawsuits)) (PP-LOC under (NP (NP Chapter 11) (PP of (NP the federal Bankruptcy Code)))) (PP for (NP (NP itself) and (NP (NP its two operating subsidiaries) , (NP (NP Hal Roach Studios) and (NP Qintex Productions)))))))))) .)) (TOP (S (NP-SBJ Raymond Corp.) (VP lost (NP-EXT 1) (PP-DIR to (NP 10)) (SBAR-TMP after (S (NP-SBJ it) (VP said (NP-TMP late Thursday) (SBAR that (S (NP-SBJ it) (VP will (VP take (NP (NP a (ADJP (QP $ 4.4 million) *U*) charge) (PP-TMP in (NP its third quarter)) (PP for (NP (NP reserves) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP cover (NP (NP potential charges) (PP in (NP (NP connection) (PP with (NP (NP the closing and sale) (PP of (NP a manufacturing plant)))))))))))))))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ the company) (VP has (VP suspended (NP its quarterly dividend))) .)) (TOP (S (NP-SBJ (NP McCaw Cellular Communications) and (NP (NP its target) , (NP LIN Broadcasting) ,)) (VP were (ADJP-PRD active)) .)) (TOP (S (S (NP-SBJ LIN) (VP added (NP-EXT 5) (PP-DIR to (NP (QP 110) 5)))) and (S (NP-SBJ McCaw) (VP lost (NP-EXT 1) (PP-DIR to (NP 41)))) .)) (TOP (S (NP-SBJ McCaw) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP secured (NP commitments (S *ICH*-1)) (PP from (NP three banks)) (S-1 (NP-SBJ-2 *) (VP to (VP help (S (NP-SBJ *-2) (VP finance (NP (NP its (ADJP $ 125-a-share *U*) bid) (PP for (NP (NP 22 million) (PP of (NP (NP Lin 's) shares))))))))))))))) .)) (TOP (S (NP-SBJ McCaw) (VP has (VP called (PP-CLR for (NP (NP a `` fair auction '') (PP of (NP (NP LIN) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (ADVP-TMP earlier) entered (NP (NP a stock-swap merger pact) (PP with (NP BellSouth)))))))))))) .)) (TOP (S (PP-TMP Following (NP (NP the release) (PP of (NP (NP the company 's) fourth-quarter earnings)))) , (NP-SBJ Apple Computer) (VP dropped (NP-EXT 3) (PP-DIR to (NP 48)) (PP on (NP (NP volume) (PP of (NP (QP more than 2.3 million) shares))))) .)) (TOP (S (NP-SBJ Apple) (VP earned (NP (NP (QP $ 161.1 million) *U*) , or (NP (NP $ 1.24 *U*) (NP-ADV a share))) , (PP-TMP in (NP the quarter)) , (PP including (NP (NP (QP $ 48 million) *U*) (PP from (NP (NP the sale) (PP of (NP its Adobe Systems stock))))))) .)) (TOP (S (NP-SBJ The following) (VP were (PP-PRD among (NP (NP (NP Friday 's) offerings and pricings) (PP-LOC in (NP the (UCP U.S. and non-U.S.) capital markets)))) , (PP with (NP (NP terms and syndicate manager) , (SBAR as (S (NP-SBJ-1 *) (VP compiled (NP *-1) (PP by (NP-LGS Dow Jones Capital Markets Report)))))))) :)) (TOP (NP (NP Chicago & North Western Acquisition Corp.) -- (NP (NP (QP $ 475 million) *U*) (PP of (NP (NP senior subordinated resettable debentures) , (ADJP due (NP-TMP Oct. 15 , 2001)) ,)) (VP priced (NP *) (PP-CLR at (ADJP par)) (S-PRP (NP-SBJ *) (VP to (VP yield (NP 14.75 %)))))) .)) (TOP (S (NP-SBJ The coupon) (VP will (VP be (VP reset (PP-TMP in (NP one year)) (PP at (NP (NP a rate) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP give (NP the issue) (NP (NP a market value) (PP of (NP 101)))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP the maximum coupon rate) (PP on (NP the issue)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP is (VP reset (ADVP-TMP *T*-1)))))) (VP can (ADVP only) (VP be (NP-PRD 15.5 %))) .)) (TOP (S (NP-SBJ Debenture holders) (VP will (ADVP also) (VP receive (NP (NP the equivalent) (PP of (NP (NP 10 %) (PP of (NP (NP the common stock) (PP of (NP CNW Holdings))))))))) .)) (TOP (S (S (NP-SBJ The equity kicker) (VP is not (VP attached (PP-CLR to (NP the offering))))) , but (S (NP-SBJ underwriters) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP be (VP offered (NP *-1) (SBAR-TMP after (S (NP-SBJ (NP a filing) (PP for (NP (NP 68,548 common shares) (PP of (NP CNW Holdings))))) (VP is (VP declared (S (NP-SBJ *) (ADJP-PRD effective) (PP by (NP-LGS the Securities & Exchange Commission)))))))))))))) .)) (TOP (S (NP-SBJ The issue) (VP (VP is (ADJP-PRD noncallable (PP for (NP five years)))) and (VP has (NP (NP a sinking fund) (VP starting (PP-TMP-CLR in (NP 2000)) (S-ADV (NP-SBJ *) (VP to (VP retire (NP (NP 50 %) (PP of (NP the issue))) (PP-TMP before (NP maturity))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-3) (VP Rated (S (S (NP-SBJ *) (ADJP-PRD-1 single-B-2) (PP-2 by (NP-LGS (NP Moody 's) Investors Service Inc.))) and (S (ADJP-PRD=1 single-B-minus) (PP=2 by (NP-LGS (NP Standard & Poor 's) Corp.)))))) , (NP-SBJ-3 the issue) (VP will (VP be (VP sold (NP *-3) (PP through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Donaldson Lufkin & Jenrette Securities Corp)))))))) .)) (TOP (FRAG (NP (NP (NP Tokuyama Soda Co .) (PRN -LRB- (NP Japan) -RRB-)) -- (NP (NP (QP $ 200 million) *U*) (PP of (NP Eurobonds)) (ADJP due (NP-TMP Nov. 9 , 1993)) , (PP with (NP equity-purchase warrants)) , (S-ADV (NP-SBJ *) (VP indicating (NP a (ADJP 4 %) coupon) (PP at (ADJP par)))) , (PP via (NP Nomura International Ltd))) .))) (TOP (S (NP-SBJ Each (ADJP $ 5,000 *U*) bond) (VP carries (NP (NP one warrant (S *ICH*-3)) , (ADJP exercisable (PP-TMP (PP from (NP Nov. 28 , 1989)) , (PP through (NP Oct. 28 , 1993)))) , (S-3 (NP-SBJ *) (VP to (VP buy (NP company shares) (PP-CLR at (NP (NP an expected premium) (PP of (NP (NP (QP 2 1) %) (PP to (NP the closing share price)))))) (SBAR-ADV (WHADVP-2 when) (S (NP-SBJ-1 terms) (VP are (VP fixed (NP *-1) (NP-TMP Oct. 27) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (PP For (NP bankers and regulators)) , (NP-SBJ Arizona) (VP is (VP looking (PP-PRD more like (NP Texas)) (NP-TMP every day))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ Los Angeles-based First Interstate Bancorp) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (NP (NP a net loss) (PP of (NP (QP $ 16 million) *U*)) (PP-TMP for (NP (NP the third quarter) (PP of (NP 1989))))) (PP-PRP because of (NP (NP hemorrhaging) (PP at (NP its (NAC First Interstate Bank (PP of (NP Arizona))) unit)))))))) .)) (TOP (S (NP-SBJ First Interstate) (VP said (SBAR 0 (S (NP-SBJ (NP the unit) , (VP bludgeoned (NP *) (PP by (NP-LGS (NP Arizona 's) worsening real-estate woes))) ,) (VP will (VP have (NP (NP a (ADJP (QP $ 174 million) *U*) loss) (PP-TMP for (NP the quarter)))))))) .)) (TOP (S (NP-SBJ First Interstate) (VP took (NP (NP a huge (ADJP (QP $ 350 million) *U*) provision) (PP for (NP loan losses))) (PP-LOC at (NP the Arizona bank))) .)) (TOP (S (NP-SBJ It) (VP charged (PRT off) (NP (NP an estimated (QP $ 200 million) *U*) (PP of (NP Arizona loans))) , (S-ADV (NP-SBJ *) (VP leaving (NP the unit) (PP-CLR with (NP (NP a reserve) (PP for (NP (NP future losses) (PP of (NP (NP (QP $ 255 million) *U*) , (NP (NP (QP about 61) %) (PP of (NP (NP its (QP $ 416 million) *U*) (PP of (NP (NP troubled loans) and (NP repossessed real estate))))))))))))))) .)) (TOP (S (NP-SBJ First Interstate) (VP made (NP the move) (PP-LOC under (NP (NP pressure) (PP from (NP regulators))))) .)) (TOP (S (NP-SBJ The action) (VP (VP capped (NP (NP a spurt) (PP of (NP grim Arizona banking news)) (PP-TMP for (NP the third quarter)))) , and (VP (ADVP-MNR emphatically) signaled (SBAR that (S (NP-SBJ Arizona) (VP is (VP challenging (NP (NP (NP Texas 's) long reign) (PP as (NP (NP banking 's) busiest graveyard))))))))) .)) (TOP (S (NP-TMP Earlier last week) , (NP-SBJ (NP Valley National Corp.) , (NP (NP the state 's) largest locally owned banking company) ,) (VP (VP reported (NP a (ADJP (QP $ 72.2 million) *U*) loss)) and (VP suspended (NP its dividend))) .)) (TOP (S (NP-SBJ (NP Pinnacle West Capital Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (VP wrangling (PP-CLR with (NP regulators)) (PP-TMP for (NP months)) (PP over (SBAR-NOM (WHNP-2 what) (S (NP-SBJ *) (VP to (VP do (NP *T*-2) (PP-CLR about (NP (NP Pinnacle 's) moribund Merabank thrift unit)))))))))))) ,) (VP (VP suspended (NP its dividend)) and (VP reported (NP (NP a (ADJP 91 %) plunge) (PP-LOC in (NP third-quarter net income))))) .)) (TOP (S (NP-SBJ Security Pacific Corp.) (VP said (SBAR 0 (S (NP-SBJ third-quarter credit losses) (VP surged (NP-EXT a third) (PP-CLR to (NP (QP $ 109 million) *U*)) , (PP-PRP (ADVP mainly) because of (NP sour Arizona real-estate loans)))))) .)) (TOP (S (NP-SBJ (ADJP New York-based) Chase Manhattan Corp.) (VP took (NP an (ADJP (QP $ 85 million) *U*) Arizona-related charge)) .)) (TOP (S (ADVP Furthermore) , (NP-SBJ (NP the regulatory maneuvering) (PP behind (NP (NP First Interstate 's) loss))) (VP suggests (SBAR 0 (S (NP-SBJ regulators) (VP (VP have (VP concluded (SBAR that (S (NP-SBJ (NP lenders ') reserves) (VP are (ADJP-PRD far too low (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP absorb (NP their future Arizona losses))))))))))) and (VP are (VP forcing (S (NP-SBJ bankers) (VP to (VP do (NP something) (PP-CLR about (NP it))))))))))) .)) (TOP (S (S (NP-SBJ (NP Examiners) (PP from (NP (NP the Office) (PP of (NP (NP the Comptroller) (PP of (NP the Currency))))))) (VP had (VP been (VP combing (PP-LOC-CLR through (NP (NP First Interstate 's) real-estate portfolio)) (PP-TMP since (NP last month)))))) ; (S (NP-SBJ they) (ADVP-TMP first) (VP recommended (SBAR that (S (NP-SBJ First Interstate) (VP take (NP (NP a provision) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD (ADJP less) (PP than (NP the eventual (ADJP (QP $ 350 million) *U*) third-quarter hit)))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ-2 First Interstate) (VP balked , (S-ADV (NP-SBJ *-2) (VP arguing (SBAR that (S (NP-SBJ the figure) (VP was (ADJP-PRD too high)))))) (ADVP-TMP *T*-1) ,))) (NP-SBJ-3 regulators) (VP responded (PP-MNR by (S-NOM (NP-SBJ *-3) (VP raising (NP their recommendation) (PP-DIR to (NP (QP $ 350 million) *U*)))))) .)) (TOP (SINV `` (S-TPC-1 (PP-TMP At (NP that point)) , (NP-SBJ -LCB- First Interstate -RCB-) (VP decided (SBAR 0 (S (NP-SBJ (NP it) (S *ICH*-2)) (VP was (NP-PRD (NP the better part) (PP of (NP valor))) (S-2 not (NP-SBJ *) (VP to (VP negotiate further)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP one industry official) (ADJP close (PP to (NP the talks)))) .)) (TOP (S (NP-SBJ (NP Thomas P. Marrie) , (NP chief financial officer) ,) (VP would n't (VP comment (PP-CLR about (NP (NP the details) (PP of (NP the negotiations)))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (S (NP-SBJ the provision) `` (VP was n't (VP forced (PP-LOC-CLR upon (NP us))))) , but (S (NP-SBJ the regulators) (VP made (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD very clear) (SBAR-1 (WHNP-2 what) (S (NP-SBJ they) (VP thought (SBAR 0 (S (NP-SBJ *T*-2) (VP was (NP-PRD an appropriate number))))))))))))) . '')) (TOP (S (NP-SBJ The tough regulatory stance) (VP portends (NP large future losses) , (PP-LOC (ADVP especially) at (NP (NP the state 's) thrifts))) .)) (TOP (S (S (NP-SBJ-1 (NP (QP At least six)) (PP of (NP (NP Arizona 's) 12 savings and loan institutions))) (VP (VP have (ADVP either) (VP been (VP taken (NP *-1) (PRT over) (PP by (NP-LGS (NP the government 's) conservatorship program))))) or (VP are (ADJP-PRD essentially insolvent)))) ; (S (NP-SBJ they) (VP are (VP sitting (PP-LOC-CLR on (NP enormous unrecognized losses))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP Western Savings & Loan Association) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADVP-TMP now) (PP-PRD in (NP conservatorship))))) ,) (VP had (NP (NP tangible capital-assets minus liabilities --) (PP of (NP a negative (QP $ 357.4 million) *U*))) (PP-TMP at (NP June 30))) .)) (TOP (S (NP-SBJ It) (VP had (NP a (ADJP (QP $ 258.9 million) *U*) loss) (PP-TMP in (NP the second quarter))) .)) (TOP (S Yet (NP-SBJ it) (ADVP-TMP still) (VP held (NP (NP (QP $ 916.3 million) *U*) (PP of (NP repossessed real estate)) , (SBAR (WHPP-1 for (WHNP which)) (S (NP-SBJ it) (VP maintains (NP (NP no reserves) (ADVP whatsoever)) (PP *T*-1)))))) .)) (TOP (S (S (NP-SBJ It) (ADVP also) (VP had (NP (NP (QP $ 479.7 million) *U*) (PP of (NP past-due loans))))) ; (S (NP-SBJ (NP its level) (PP of (NP (NP reserves) (PP against (NP those))))) (VP was n't (ADJP-PRD immediately available) , (SBAR-ADV though (S (NP-SBJ-1 it) (VP is (VP believed (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD small)))))))))) .)) (TOP (S (NP-SBJ (NP The rapid deterioration) (PP of (NP the Arizona thrifts))) (ADVP only) (VP adds (PP-CLR to (NP (NP the ever-swelling cost) (PP of (NP (NP (NP the government 's) massive thrift bailout) , (VP (ADVP officially) estimated (NP *) (PP-CLR at (NP (QP about $ 166 billion) *U*)))))))) .)) (TOP (S (ADVP Together) , (NP-SBJ the six (ADJP (ADJP government-controlled) or (ADJP essentially insolvent)) Arizona thrifts) (VP have (NP (NP (NP tangible capital) (PP of (NP a negative (QP $ 1.5 billion) *U*))) , (NP (NP foreclosed property) (PP of (NP (QP $ 1.8 billion) *U*))) and (NP (NP pastdue loans) (PP of (NP (QP $ 1.63 billion) *U*))))) .)) (TOP (S (S (NP-SBJ They) (VP have (NP (NP no reserves) (PP against (NP the real estate))))) , and (S (NP-SBJ (NP their reserves) (PP against (NP the loans))) (VP are (ADJP-PRD miniscule) (PP compared (PP with (NP (NP the levels) (PP of (NP reserves)) (SBAR (WHNP-1 0) (S (NP-SBJ-2 banks) (VP are (VP moving (S (NP-SBJ *-2) (VP to (VP set (PRT up) (NP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ The thrifts) (VP had (NP (NP a combined loss) (PP of (NP (QP $ 487.8 million) *U*))) (PP-TMP in (NP the second quarter))) .)) (TOP (S (NP-SBJ Other lenders) (VP have (VP been (VP recovering (NP (NP (QP only 50) cents) (PP to (NP (NP 60 cents) (PP on (NP the dollar))))) (PP on (NP foreclosed Arizona property)) , (SBAR-ADV if (S (NP-SBJ they) (VP can (VP sell (NP it) (PP at (NP all))))))))) .)) (TOP (S (NP-SBJ All this havoc) (VP is (NP-PRD (NP the result) (PP of (NP (NP one) (PP of (NP (NP the worst busts) (PP in (NP (NP Arizona 's) boom-and-bust history)) , (VP compounded (NP *) (PP by (NP-LGS (NP (NP some) (PP of (NP (NP the usual suspects) (PP in (NP 1980s banking debacles))))) : (NP (NP greed) , (NP fraud) and (NP plain bad banking))))))))))) .)) (TOP (S (PP-TMP In (NP (NP the late 1970s) and (NP early 1980s))) , (NP-SBJ-1 lenders and developers) (VP poured (NP money) (PP-CLR into (NP (NP office buildings) , (NP condominiums) and (NP (NP massive tracts) (PP of (NP raw desert land))))) , (S-ADV (NP-SBJ *-1) (ADJP-PRD confident (SBAR that (S (NP-SBJ (NP Arizona 's) population) (VP would (VP grow (PP-CLR at (NP (NP annual rates) (PP of (NP (QP 4 % to 6 %) *U*)))) (PP-TMP for (NP (NP years) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP come))))))))))))) .)) (TOP (S (ADVP-TMP Now) , (S (NP-SBJ annual population growth) (VP is (VP running (PP-CLR at (NP (NP (QP about 2) %) (NP-ADV a year)))))) , (S (NP-SBJ-1 (NP some desert tracts) (VP bought (ADVP-TMP (NP three years) ago) (PP-CLR for (NP (NP $ 90,000 *U*) (NP-ADV an acre))))) are (VP being (VP sold (NP *-1) (PP-CLR at (NP (NP $ 25,000 *U*) (NP-ADV an acre)))))) and (S (NP-SBJ Phoenix) (VP has (NP (NP a seven-year supply) (PP of (NP unoccupied office space))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ (NP It) (S *EXP*-2)) (VP 's (ADJP-PRD horrible) (S-2 (NP-SBJ *) (VP to (VP say))))) , but (S (NP-SBJ it) (VP 's (ADJP-PRD unfortunate (SBAR 0 (S (NP-SBJ that earthquake) (VP was n't (PP-LOC-PRD in (NP Phoenix)))))))) -- (S (NP-SBJ it) might (VP have (VP knocked (PRT out) (NP (NP some) (PP of (NP our empty buildings))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP C.W. Jackson) , (NP (NP a prominent Arizona businessman) (PP with (NP (NP interests) (PP in (NP (NP real estate) , (NP banking) and (NP many other businesses))))))) .)) (TOP (S (NP-SBJ Many Arizona real-estate experts) (VP think (SBAR 0 (S (NP-SBJ the worst) (VP may (VP be (S-PRD (ADVP-TMP yet) (NP-SBJ *) (VP to (VP come)))))))) .)) (TOP (S (NP-SBJ (NP Ralph Shattuck) , (NP (NP publisher) (PP of (NP Foreclosure Update newsletter))) ,) (VP said (SBAR 0 (S (NP-SBJ foreclosures) (VP have (VP climbed (PP-DIR to (NP (NP about 1,482) (NP-ADV a month))) (PP-LOC (ADVP just) in (NP (NP Maricopa County) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 Phoenix) (VP is (VP located (NP *-1) (ADVP-LOC *T*-2)))))))))))) .)) (TOP (S (S (S (NP-SBJ That) (VP 's (ADVP-PRD up (PP from (NP (NP about 687) (NP-ADV a month)) (PP-TMP in (NP 1985)))))) , and (S (NP-SBJ it) (VP 's (VP accelerating)))) : (S (NP-TMP (ADVP So far) this month) , (NP-SBJ foreclosures) (VP are (VP averaging (NP (NP about 85) (NP-ADV a day))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (ADJP-PRD frightening))) , '' (NP-SBJ Mr. Shattuck) (VP said (S *T*-1)) .)) (TOP (S (ADVP Moreover) , (NP-SBJ (NP Mr. Shattuck) and (NP others)) (VP said (SBAR 0 (S (NP-SBJ-2 (NP residential real estate) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP remained (ADJP-PRD fairly strong) (PP-TMP through (NP (NP most) (PP of (NP the downturn)))))))) ,) (VP is (VP beginning (S (NP-SBJ *-2) (VP to (VP comprise (ADJP (ADJP more and more) (PP of (NP the foreclosures))))))))))) .)) (TOP (S And (NP-SBJ (NP the generally frail condition) (PP of (NP (NP Arizona 's) lenders))) (VP means (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP little capital) (ADJP available (PP-LOC in (NP the state)) (S (NP-SBJ *) (VP to (VP (VP shore (PRT up) (NP the economy)) and (VP slow (PRT down) (NP the slide))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (ADJP-PRD reasonable (S (NP-SBJ *) (VP to (VP say (SBAR 0 (S (S (NP-SBJ there) (VP is not (NP-PRD a solvent S&L) (PP-LOC in (NP the state)))) and (S (NP-SBJ (NP the amount) (PP of (NP viable bank capital))) (VP is (ADJP-PRD very low))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Jackson) .)) (TOP (S `` (NP-SBJ-1 We) (VP 're (VP going (S (NP-SBJ *-1) (VP to (VP see (NP (NP another big wave) (PP of (NP failures and defaults))) (PP-TMP between (NP now and year-end))))))) ... .)) (TOP (S (NP-SBJ (NP The only thing) (SBAR (WHNP-1 0) (S (NP-SBJ (NP a lot) (PP of (NP these lenders))) (VP can (VP get (NP *T*-1) (PP-CLR out (PP of (NP their mouth))) (ADVP-TMP now)))))) (VP is : (S-PRD ` (NP-SBJ *) (VP Pay (NP me) (PP-TMP in (NP 60 days))))) . ' '')) (TOP (S (NP-SBJ First Interstate) (VP had (NP (NP a (ADJP (QP $ 214.4 million) *U*) loss) (PP *ICH*-1)) (PP-TMP in (NP (NP 1988 's) third quarter)) , (PP-1 (ADVP mainly) from (NP (NP writedowns and reserves) (VP connected (NP *) (PP-CLR with (NP its Texas operations)))))) .)) (TOP (S (PP-TMP For (NP (NP the six months) (VP ended (NP *) (NP-TMP-CLR June 30)))) , (NP-SBJ it) (VP reported (NP (NP net income) (PP of (NP (NP (QP $ 234.3 million) *U*) , or (NP (NP $ 4.83 *U*) (NP-ADV a share)) ,))) (PP including (NP (NP (QP $ 46 million) *U*) (PP from (NP tax credits and accounting changes))))) .)) (TOP (S (NP-SBJ (NP The bank 's) Arizona unit) (VP holds (NP (NP (QP about $ 6 billion) *U*) (PP of (NP (NP (NP First Interstate 's) (QP $ 50 billion) *U*) (PP of (NP assets)))))) .)) (TOP (S (NP-SBJ Mr. Marrie) (VP said (SBAR 0 (S (NP-SBJ the bank) (VP expects (S (NP-SBJ (NP Arizona real-estate prices) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP plummeted (NP-EXT 40 %) (PP-TMP over (NP the last year))))) ,) (VP to (VP fall (NP-EXT (QP another 20) %) (PP-TMP before (S-NOM (NP-SBJ *) (VP stabilizing)))))))))) .)) (TOP (S (NP-SBJ (NP Some) (PP-LOC in (NP Arizona))) (VP think (SBAR 0 (S (NP-SBJ that) (VP may (VP be (ADJP-PRD optimistic)))))) .)) (TOP (S (NP-SBJ First Interstate) (VP (VP said (SBAR 0 (S (NP-SBJ (NP its operations) (ADVP-LOC outside (PP of (NP Arizona)))) `` (VP achieved (NP results) (SBAR as (S (NP-SBJ *) (VP expected))) (PP-TMP for (NP the quarter)))))) , '' but (VP did n't (VP specify (NP the results)))) .)) (TOP (S (NP-SBJ First Interstate stock) (VP closed (PP-CLR at (NP $ 57.625 *U*)) , (ADVP-CLR down (NP 25 cents)) , (PP-LOC in (NP composite trading)) (NP-TMP Friday) (PP-LOC on (NP the New York Stock Exchange))) .)) (TOP (S (PP-TMP Since (NP (NP its unsuccessful bid) (PP for (NP BankAmerica Corp.)) (PP-TMP in (NP 1986))) ,) (NP-SBJ the bank) (VP has (VP undertaken (NP a major restructuring) (PP-PRP in (NP an effort (S (NP-SBJ *) (VP to (VP (VP cut (NP costs)) and (VP boost (NP performance))))))))) , but (S (NP-SBJ many industry officials) (VP believe (SBAR 0 (S (NP-SBJ it) (VP may (VP be (ADJP-PRD ripe (PP for (NP a takeover bid))) , (SBAR (ADVP especially) with (S (NP-SBJ-1 interstate banking) (VP set (S (NP-SBJ *-1) (VP to (VP begin (PP-LOC in (NP California)) (PP-TMP in (NP 1991)))))))))))))) .)) (TOP (S (NP-SBJ Mr. Marrie) (VP said (SBAR 0 (S (NP-SBJ (NP the problems) (PP-LOC in (NP Arizona))) (VP have (ADVP only) `` (VP increased (NP our resolve (S (NP-SBJ-1 *) (VP to (VP continue (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ our restructuring) (ADJP-PRD even more effective)))))))))))))) . '')) (TOP (S (ADVP Separately) , (NP-SBJ (NP Standard & Poor 's) Corp.) (VP lowered (NP (NP its ratings) (PP on (NP (NP Valley National Corp. 's) senior debt))) (PP-DIR to (ADJP double-B)) (PP-DIR from (ADJP double-B-plus)) , (S-ADV (NP-SBJ *) (VP affecting (NP (NP (QP about $ 300 million) *U*) (PP of (NP long-term debt)))))) .)) (TOP (S (NP-SBJ S&P) (ADVP also) (VP lowered (NP (NP ratings) (PP on (NP (NP unsecured deposits and issues) (VP backed (NP *) (PP by (NP-LGS (NP a letter) (PP of (NP credit)) (PP from (NP (NP (NP the bank holding company 's) principal unit) , (NP (NP Valley National Bank) (PP of (NP Arizona)))))))))))) .)) (TOP (S (NP-SBJ The ratings service) (VP said (SBAR 0 (S (NP-SBJ the downgrades) (VP reflect (NP (NP the continued slide) (PP-LOC in (NP (NP the company 's) financial condition))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP (ADJP Phoenix , Ariz.-based) Valley National ,))) (VP said (SBAR 0 (S (NP-SBJ-1 the concern) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP withstand (NP (NP the current downturn) (PP-LOC in (NP Arizona real estate)))))))))))) .)) (TOP (S-1 (S (NP-SBJ Commercial paper holders) (VP have (VP reinvested (NP their funds)))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) and (S (NP-SBJ consumer deposits) (VP have (VP been (ADVP-PRD up) (PP-TMP in (NP the last few days))))) .)) (TOP (S (NP-SBJ Immunex Corp.) (VP said (SBAR 0 (S (NP-SBJ its scientists) (VP isolated (NP (NP a molecule) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP may (VP hold (NP (NP potential) (PP as (NP (NP a treatment) (PP for (NP (NP disruptions) (PP of (NP the immune-system)) , (VP ranging (PP-DIR from (NP organ-transplant rejection) ,) (PP-DIR to (NP allergies and asthma))))))))))))))))) .)) (TOP (S (NP-SBJ The molecule) (VP is (NP-PRD (NP the mouse version) (PP of (NP (NP a protein) (VP called (S (NP-SBJ *) (NP-PRD the interleukin-4 receptor))))))) .)) (TOP (S (NP-SBJ IL-4) (VP is (NP-PRD (NP a hormone) (SBAR (WHNP-5 which) (S (NP-SBJ *T*-5) (VP directs (NP (NP the growth and function) (PP of (NP (NP white blood cells) (VP involved (NP *) (PP-CLR in (NP (NP the body 's) immune response))))))))))) .)) (TOP (S (NP-SBJ (NP The IL-4 receptor) (PP-LOC on (NP (NP the surface) (PP of (NP such cells))))) (VP receives (NP (NP the hormone 's) message (S (NP-SBJ *) (VP to (VP rally (NP (NP the body 's) defense)))))) .)) (TOP (S But (PP in (NP (NP certain conditions) (PP such as (NP (NP autoimmune diseases) and (NP allergies) and (NP transplant rejection))))) , (NP-SBJ-1 doctors) (VP would (VP like (S (NP-SBJ *-1) (VP to (VP damp (NP the immune response) (SBAR-PRP so (S (NP-SBJ such cells) (VP do n't (VP touch (PRT off) (NP (NP harmful inflammatory reactions) or (NP cell destruction))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP A soluble form) (PP of (NP the receptor))) (VP might (VP turn (PRT off) (NP-PRD (NP a specific part) (PP of (NP the immune response))) (PP without (NP general immune suppression))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The IL-4 receptor) (VP is (NP-PRD (NP one) (PP of (NP (NP five such receptors) (SBAR (WHNP-2 0) (S (NP-SBJ-3 *T*-2) (VP to (VP be (NP *-3) (VP developed and tested (PP by (NP-LGS (NP Receptech Corp.) , (NP (NP a spinoff) (PP of (NP Immunex))))) , (PP-MNR through (NP a proposed (ADJP (QP $ 30 million) *U*) initial public offering))))))))))) .)) (TOP (S (NP-SBJ-1 Immunex) (VP will (VP contract (PP-CLR with (NP the spinoff)) (S-PRP (NP-SBJ *-1) (VP to (VP provide (NP (NP the research) , (NP development) and (NP (NP initial testing) (PP of (NP the new agents))))))))) .)) (TOP (S (NP-SBJ Immunex) (VP will (VP have (NP the option (S (NP-SBJ *) (VP to (VP buy (PRT back) (NP Receptech shares) (PP-TMP after (NP five years)))))))) .)) (TOP (S (NP-SBJ The following issues) (VP were (ADVP-TMP recently) (VP filed (PP-CLR with (NP the Securities and Exchange Commission)))) :)) (TOP (NP (NP (NP Heller Financial Inc.) , (NP (NP an indirect subsidiary) (PP of (NP Fuji Bank Ltd.))) ,) (NP (NP shelf offering) (PP of (NP (ADJP (QP up to $ 1 billion) *U*) debt securities and warrants))) .)) (TOP (NP (NP Jason Overseas Ltd.) , (NP (NP (NP proposed offering) (PP of (NP (QP five million) common shares))) , (PP via (NP (NP Smith Barney & Co.) and (NP Mabon Nugent & Co)))) .)) (TOP (NP (NP MCI Communications Corp.) , (NP (NP (NP shelf offering) (PP of (NP (NP (QP up to $ 750 million) *U*) (PP of (NP debt securities))))) (PP via (NP (NP Merrill Lynch Capital Markets) , (NP Drexel Burnham Lambert Inc.) , (NP Goldman , Sachs & Co.) , and (NP Salomon Brothers Inc)))) .)) (TOP (NP (NP Millicom Inc.) , (NP (NP (NP offering) (PP of (NP (ADJP (QP $ 60 million) *U*) subordinated exchangeable debentures))) , (PP via (NP Bear , Stearns & Co. Inc))) .)) (TOP (NP (NP Union Tank Car Co.) , (NP (NP (NP offering) (PP of (NP (NP (QP $ 100 million) *U*) (PP of (NP equipment trust certificates))))) , (PP via (NP Salomon Brothers))) .)) (TOP (S (NP-SBJ (NP Conner Peripherals Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP a near-monopoly) (PP-LOC on (NP (NP a key part) (VP used (NP *) (PP-LOC in (NP many portable computers))))))))) ,) (VP is (PP-PRD on (NP target)) (S-ADV (NP-SBJ *) (VP to (VP surpass (NP Compaq Computer Corp.) (PP-CLR as (NP (NP the fastest-growing start-up manufacturing firm) (PP-LOC in (NP U.S. business history)))))))) .)) (TOP (S (NP-SBJ Conner) (VP dominates (NP (NP the market) (PP for (NP (NP hard-disk drives) (VP used (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP store (NP data)))) (PP-LOC-CLR in (NP laptop computers))))))) .)) (TOP (S (NP-SBJ It) (VP said (NP-TMP yesterday) (SBAR that (S (NP-SBJ (NP net income) (PP for (NP its third quarter))) (VP soared (NP-EXT 72 %) (PP-DIR to (NP (NP (QP $ 11.8 million) *U*) , or (NP (NP 28 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 6.8 million) *U*) , or (NP (NP 19 cents) (NP-ADV a share)) ,) (PP-TMP in (NP the year-ago period))))))) .)) (TOP (S (NP-SBJ Its revenue) (VP totaled (NP (NP (QP $ 184.4 million) *U*) , (NP (NP an increase) (PP of (NP 172 %)) (PP from (NP (QP $ 67.8 million) *U*) (ADVP-TMP (NP a year) ago))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ the (ADJP San Jose , Calif.-based) company) (VP said (SBAR 0 (S (NP-SBJ net income) (VP jumped (NP-EXT 84 %) (PP-DIR to (NP (NP (QP $ 26.9 million) *U*) , or (NP (NP 69 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 14.6 million) *U*) , or (NP (NP 43 cents) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ Revenue) (ADVP nearly) (VP tripled (PP-DIR to (NP (QP $ 479 million) *U*) ,) (PP-DIR from (NP (QP $ 160 million) *U*))) .)) (TOP (S (NP-SBJ Analysts) (VP expect (S (NP-SBJ (NP Conner 's) earnings) (VP to (VP reach (NP (NP (QP roughly $ 40 million) *U*) , or (NP (NP (QP $ 1 to $ 1.05 ) *U*) (NP-ADV a share)) ,) (PP on (NP (NP sales) (PP of (NP (QP $ 650 million) *U*)))) , (PP-TMP for (NP (NP 1989) , (NP (NP (NP the company 's) third full year) (PP-LOC in (NP business))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP a faster growth rate) (SBAR than (S (NP-SBJ *) (VP reported (PP by (NP-LGS (NP Compaq) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP did n't (VP post (NP similar results) (PP-TMP until (NP (NP its fourth year) , (PP-TMP in (NP 1986))))))))))))))) .)) (TOP (S But (NP-SBJ Compaq) (VP had (VP achieved (NP (NP that level) (PP of (NP sales))) (ADVP (ADVP faster) (PP than (NP any previous manufacturing start-up))))) .)) (TOP (S (NP-SBJ-1 (NP Conner 's) performance) (VP is (ADVP-MNR closely) (VP tied (NP *-1) (PP-CLR to (NP (NP the burgeoning demand) (PP for (NP (NP battery-operated computers) , (NP (NP the computer industry 's) fastest-growing segment))))))) .)) (TOP (S (PP-TMP Since (NP its inception)) , (NP-SBJ-3 Conner) (VP has (VP both (VP benefited (PP-CLR from (NP *RNR*-1))) and (VP helped (S (NP-SBJ *-3) (VP make (S (ADJP-PRD possible) (NP-SBJ *RNR*-1))))) (NP-1 (NP the rapid spread) (PP of (NP portable computers))) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP selling (NP (NP storage devices) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP consume (NP (NP (QP five to 10 times) less electricity) (PP than (NP (NP drives) (VP used (NP *) (PP-LOC in (NP desktop machines))))))))))))))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ Conner) (VP controls (NP (NP an estimated 90 %) (PP of (NP (NP the hard-disk drive market) (PP for (NP laptop computers)))))) .)) (TOP (S (NP-SBJ The company) (VP supplies (NP drives) (PP-DTV (PP to (NP (NP (NP Compaq) and (NP Zenith Data Systems)) , (NP (NP the top two U.S. manufacturers) (PP of (NP laptops))))) , and (PP to (NP (NP (NP Toshiba Corp.) , (NP NEC Corp.) and (NP Sharp Corp.)) , (NP the leading Japanese laptop makers))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ They) (VP 've (VP had (NP this field) (PP-CLR to (NP themselves)) (PP-TMP for (NP over a year now))))) , and (S (NP-SBJ-2 they) (VP 've (VP been (VP (ADVP greatly) rewarded (NP *-2)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Bob Katsive) , (NP (NP an analyst) (PP-LOC at (NP (NP Disk/Trend Inc.) , (NP (NP a market researcher) (PP-LOC in (NP (NP Los Altos) , (NP Calif)))))))) .)) (TOP (S (PP-TMP In (NP the coming months)) , (ADVP however) , (NP-SBJ-1 this) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP change))))) .)) (TOP (S (NP-TMP Next month) , (NP-SBJ-2 (NP Seagate Technology) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP the dominant supplier) (PP of (NP (NP hard-disk drives) (PP for (NP personal computers)))))))) ,) (VP plans (S (NP-SBJ *-2) (VP to (VP introduce (NP (NP its first family) (PP of (NP (NP low-power drives) (PP for (NP battery-operated computers))))))))) .)) (TOP (S And (NP-SBJ-1 the Japanese) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP keep (ADJP-PRD close (PP on (NP (NP Conner 's) heels)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 They) (VP are (VP going (S (NP-SBJ *-2) (VP to (VP catch (PRT up))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP David Claridge) , (NP (NP an analyst) (PP with (NP Hambrecht & Quist)))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ Both Toshiba and NEC) (ADVP-TMP already) (VP produce (NP hard-disk drives))) , and (S (NP-SBJ Sony) (ADVP also) (VP is (VP studying (NP the field))))) , (NP-SBJ Mr. Claridge) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ Conner) (VP is n't (VP standing (ADVP still))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ the company) (VP introduced (NP (NP four products) , (NP (SBAR-NOM (WHNP-3 (NP three) (PP of (WHNP which))) (S (NP-SBJ-1 *T*-3) (VP are (VP aimed (NP *-1) (PP-CLR at (NP (NP a hot new class) (PP of (NP computers)) (VP called (S (NP-SBJ *) (NP-PRD notebooks)))))))))))) .)) (TOP (S (S (NP-SBJ (NP Each) (PP of (NP the three drives))) (VP uses (NP (NP a mere 1.5 watts) (PP of (NP power))))) and (S (NP-SBJ one) (VP weighs (NP just 5.5 ounces))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP Most) (PP of (NP our competitors))) (VP are (VP announcing (NP (NP products) (VP based (NP *) (PP-CLR on (NP our (PRN -LRB- older -RRB-) products))))))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Finis Conner) , (NP (NP (NP chief executive officer) and (NP founder)) (PP of (NP (NP the firm) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP bears (NP his name)))))))) .)) (TOP (S `` (NP-SBJ-1 We) (VP continue (S (NP-SBJ *-1) (VP to (VP develop (NP products) (ADVP (ADVP faster) (SBAR than (S (NP-SBJ anyone else) (VP can (VP *?*))))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ These new products) (VP could (VP account (PP-CLR for (NP (NP (QP as much as 35) %) (PP of (NP (NP (NP the company 's) business) (PP-TMP in (NP 1990))))))))) , (NP-SBJ Mr. Conner) (VP estimated (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP 're not (ADJP-PRD afraid (PP of (S-NOM (NP-SBJ-2 *) (VP obsoleting (NP (NP some) (PP of (NP our old stuff))) (S-PRP (NP-SBJ *-2) (VP to (VP stay (PP-LOC-PRD ahead (PP of (NP the competition)))))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Conner) (ADVP-TMP already) (VP is (VP shipping (NP its new drives))) .)) (TOP (S (NP-TMP Last week) , (PP for (NP instance)) , (NP-SBJ Compaq) (VP introduced (NP its first notebook computer) (S (NP-SBJ *) (VP to (VP rave (NP reviews))))) .)) (TOP (S (NP-SBJ Conner) (VP is (VP supplying (NP hard-disk drives) (PP-CLR for (NP (NP the machine) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP weighs (NP (QP only six) pounds)) and (VP fits (PP-LOC-CLR in (NP a briefcase)))))))))) .)) (TOP (S (PP From (NP its inception)) , (NP-SBJ-3 Conner) (VP has (VP targeted (NP (NP the market) (PP for (NP battery-operated machines))) , (S-ADV (NP-SBJ *-3) (VP building (NP (NP hard-disk drives) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP (VP are (ADJP-PRD (ADJP smaller) (PP *RNR*-1))) and (VP use (NP (NP (ADJP far less) power) (PP *RNR*-1))) (PP-1 than (NP (NP those) (VP offered (PP by (NP-LGS (NP competitors) (PP such as (NP Seagate))))))))))))))) .)) (TOP (S (NP-SBJ (NP The availability) (PP of (NP these drives))) , (PP in (NP turn)) , (VP boosted (NP (NP demand) (PP for (NP (NP laptop computers) , (SBAR (WHNP-1 whose usefulness) (S (NP-SBJ *T*-1) (VP had (VP been (ADJP-PRD limited) (PP-PRP because of (NP (NP lack) (PP of (NP storage)))))))))))) .)) (TOP (S (NP-SBJ Conner) (ADVP also) (VP (VP makes (NP hard-disk drives) (PP for (NP desktop computers))) and (VP is (NP-PRD (NP a major supplier) (PP to (NP (NP Compaq) , (SBAR (WHNP-1 which) (S (PP-TMP as (PP of (NP July))) (NP-SBJ *T*-1) (VP owned (NP (NP 40 %) (PP of (NP (NP Conner 's) stock))))))))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP to (NP Compaq))) (VP represented (NP (NP 26 %) (PP of (NP (NP Conner 's) business)) (PP-TMP in (NP its third quarter)) , (VP compared (NP *) (PP-CLR with (NP 42 %) (PP-TMP in (NP the year-ago period)))))) .)) (TOP (S (S (NP-SBJ *) (VP Move (ADVP-DIR over) , (NP-VOC pornographic phone services))) : (S (NP-SBJ-1 (NP A legal service) (PP with (NP a `` 900 '' number))) (VP has (VP been (VP launched (NP *-1) (PP-LOC in (NP California)))))) .)) (TOP (S (NP-SBJ-1 A Newport Beach law firm) (VP started (NP (NP the pay-as-you-go legal service) , (VP called (S (NP-SBJ *) (NP-PRD Telelawyer))) ,) (S-ADV (NP-SBJ *-1) (VP using (NP (NP MCI Communication Corp. 's) toll-tele-phone service)))) .)) (TOP (S (NP-SBJ Cane & Associates) (VP touts (NP its (ADJP $ 2-a-minute *U*) service ) (PP-CLR as (NP (NP the `` cheapest legal hour) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP 'll (ADVP-TMP ever) (VP find (NP *T*-1)))))))) . '')) (TOP (S (SBAR-ADV Though (S (NP-SBJ the service) (VP is (ADJP-PRD available (PP-LOC (ADVP only) in (NP California)))))) , (NP-SBJ Telelawyer founder Michael Cane) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP plans (S (NP-SBJ *-1) (VP to (VP franchise (NP it) (PP-LOC in (NP other states))))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ his aim) (VP is (S-PRD (NP-SBJ *) (VP to (VP reach (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP are (ADJP-PRD bedridden)) , (VP have (NP (NP no access) (PP to (NP transportation)))) , (VP ca n't (VP find (NP (NP a lawyer) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP take (NP their case)))))))) or (VP (ADVP simply) ca n't (VP afford (NP (NP lawyers ') consultation fees)))))))))))))) .)) (TOP (S (NP-SBJ Mr. Cane) (VP stresses (SBAR that (S (NP-SBJ he) (VP is n't (VP using (NP-1 the telephone) (S-CLR (NP-SBJ *-1) (VP to (VP lure (NP clients) (PP-LOC-CLR to (NP his doorstep)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP will (ADVP only) (VP deal (PP-CLR with (NP clients)) (PP-LOC on (NP the phone))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ We) (VP have (NP no in-office business)) . '')) (TOP (S (NP-SBJ Telelawyer) (VP is (ADVP apparently) (NP-PRD (NP the only telephone service) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP offers (NP (NP the telephone equivalent) (PP of (NP an office visit)))))))) .)) (TOP (S (NP-SBJ (NP Local bar associations) (PP-LOC in (NP some states))) (VP have (NP (NP numbers) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP provide (NP (NP free tape-recorded messages) (VP explaining (NP (NP certain areas) (PP of (NP the law)))))))))) .)) (TOP (S (NP-SBJ There) (ADVP also) (VP are (NP-PRD (NP `` 800 '' hotlines) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP refer (NP people) (PP-CLR to (NP (NP lawyers) , (NP usually personal-injury specialists) ,)) (PP-PRP for (NP in-office consultation))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ-2 a caller) (VP reaches (NP Telelawyer) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP dialing (NP 900-TELELAW)))) (ADVP-TMP *T*-1)))) , (NP-SBJ a receptionist) (VP refers (NP the call) (PP-CLR to (NP (NP one) (PP of (NP six attorneys))))) .)) (TOP (S (PP In (NP an effort (S (NP-SBJ *) (VP to (VP determine (SBAR-NOM whether (S (NP-SBJ a caller) (VP has (NP (NP reason) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP sue (ADVP-PRP *T*-2)))))))))))))) , (NP-SBJ Cane lawyers) (VP (VP review (NP documents)) and (VP perform (NP research) , (SBAR-ADV if (FRAG (ADJP necessary))) ,) (PP with (NP (NP the help) (PP of (NP (NP three law clerks) and (NP several support staffers)))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP no charge) (PP (PP for (NP research)) -- (PP (ADVP only) for (NP (NP time) (PP on (NP the phone))))))) .)) (TOP (S-1 (SBAR-ADV If (S (NP-SBJ the matter) (VP requires (NP further legal work or litigation)))) (PRN , (NP-SBJ Mr. Cane) (VP says (S *T*-1)) ,) (NP-SBJ his lawyers) (VP may (VP refer (NP the client) (PP-CLR to (NP a law firm)))) .)) (TOP (S But (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ Cane & Associates) (VP does n't (VP receive (NP referral fees)))))) .)) (TOP (S-1 (ADVP-TMP So far) (PRN , (SINV (VP says (S *T*-1)) (NP-SBJ Mr. Cane)) ,) (NP-SBJ most calls) (VP have (VP involved (NP (NP landlord-tenant problems) , (NP tax problems) , (NP divorce) , and (NP probate questions)))) .)) (TOP (S (S (NP-SBJ The firm) (VP is (VP getting (NP (NP (QP about 50) calls) (NP-ADV a day))))) , and (S (NP-SBJ the average call) (VP lasts (NP (QP about 15) minutes))) .)) (TOP (S (PP Out (PP of (NP the (ADJP $ 2 *U*) charge))) , (NP-SBJ the law firm) (VP pockets (NP (QP about $ 1.55) *U*)) .)) (TOP (S (NP-SBJ JURY) (VP CONVICTS (NP congressman) (PP in (NP (NP connection) (PP with (NP Wedtech Corp. scandal))))) .)) (TOP (S (NP-SBJ (NP A federal court jury) (PP-LOC in (NP New York))) (VP found (S (NP-SBJ (NP (NP U.S. Rep. Robert Garcia) (PRN -LRB- (NP (NP D.) , (NP-LOC N.Y .)) -RRB-)) and (NP (NP his wife) , (NP Jane Lee Garcia) ,)) (ADJP-PRD guilty (PP of (S-NOM (NP-SBJ *) (VP extorting (NP $ 76,000 *U*) (PP-CLR from (NP Wedtech)) (PP in (NP (NP return) (PP for (NP (NP official acts) (PP by (NP the congressman)))))))))))) .)) (TOP (S (NP-SBJ The jury) (ADVP also) (VP convicted (NP them) (PP-CLR of (NP (NP extortion) (PP in (S-NOM (NP-SBJ *) (VP obtaining (NP a (ADJP $ 20,000 *U*) , interest-free loan) (PP-CLR from (NP a Wedtech officer)))))))) .)) (TOP (S (NP-SBJ The jury) (VP found (S (NP-SBJ them) (ADJP-PRD guilty (PP of (NP (NP conspiracy) (PP in (S-NOM (NP-SBJ *) (VP obtaining (NP (NP the payments) , (NP (SBAR-NOM (WHNP-3 (NP some) (PP of (WHNP which))) (S (NP-SBJ-1 *T*-3) (VP were (VP disguised (NP *-1) (PP-CLR as (NP (NP fees) (PP for (NP (NP consulting services) (PP from (NP Mrs. Garcia)))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Wedtech) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP became (VP embroiled (PP-CLR in (NP (NP political-corruption cases) (SBAR (WHNP-2 that) (S (ADVP-TMP eventually) (NP-SBJ *T*-2) (VP led (PP-CLR to (NP its demise))))))))))) ,) (ADVP-TMP formerly) (VP was (NP-PRD a minority-owned (NAC-LOC South Bronx , N.Y. ,) defense contractor)) .)) (TOP (S (NP-SBJ (NP Edward J.M. Little) , (NP (NP one) (PP of (NP (NP the assistant U.S. attorneys) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP prosecuted (NP the case))))))) ,) (VP said (SBAR 0 (S (NP-SBJ the Garcia trial) `` (VP is (NP-PRD (NP the last) (PP of (NP the Wedtech prosecutions))))))) . '')) (TOP (S (NP-SBJ Mr. Little) (VP said (SBAR 0 (S (NP-SBJ (QP more than 20) people) (VP have (VP been (VP convicted (PP-LOC in (NP the Wedtech cases)) , (PP including (NP (NP former U.S. Rep. Mario Biaggi) (PRN -LRB- (NP (NP D.) , (NP-LOC N.Y .)) -RRB-))))))))) .)) (TOP (S (NP-SBJ (NP Lawyers) (PP for (NP the Garcias))) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP plan (S (NP-SBJ *-1) (VP to (VP appeal))))))) .)) (TOP (S (NP-SBJ (NP Mr. Garcia) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP represents (NP (NP (NP New York 's) 18th congressional district) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP includes (NP the Bronx)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP has n't (VP decided (SBAR-NOM whether (S (NP-SBJ he) (VP will (VP resign))))))))) .)) (TOP (SINV `` (S-TPC-1 (PP-TMP In (NP the next few weeks)) , (NP-SBJ I) (VP will (VP be (VP consulting (PP-CLR (PP with (NP my political advisers)) and (PP with (NP the Democratic leaders))) (PP-CLR about (NP (NP the best way) (PP of (S-NOM (NP-SBJ *) (VP preserving (NP (NP the interests) (PP of (NP my constituents)))))))))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Mr. Garcia) , (ADJP (NP 56 years) old)) .)) (TOP (S (NP-SBJ (NP Mrs. Garcia) , (NP 49) ,) (ADVP-TMP formerly) (VP was (NP-PRD (NP a member) (PP of (NP (NP Mr. Garcia 's) congressional staff)))) .)) (TOP (S (NP-SBJ-1 The Garcias) (VP were (VP cleared (NP *-1) (PP-CLR of (NP (NP four other felony counts) , (VP involving (NP (NP the receipt) (PP of (NP bribes and gratuities)))))))) .)) (TOP (S (NP-SBJ U.S. Judge Leonard B. Sand) (VP set (NP (NP the Garcias ') sentencing) (PP-TMP-CLR for (NP Jan. 5))) .)) (TOP (S (NP-SBJ-1 FIVE SHEA & GOULD PARTNERS) (VP are (VP leaving (S-PRP (NP-SBJ *-1) (VP to (VP form (NP a new firm)))))) .)) (TOP (S (NP-SBJ-1 (NP The new firm) , (NP Hutton Ingram Yuzek Gainen Carroll & Bertolotti) ,) (VP will (VP be (VP based (NP *-1) (PP-LOC-CLR in (NP New York))))) .)) (TOP (S (NP-SBJ (NP The five partners) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP resigned (PP-CLR from (NP Shea & Gould)) (NP-TMP late last week))))) (VP are (NP-PRD (NP Tom Hutton) , (NP Sam Ingram) , (NP Dean Yuzek) , (NP Daniel Carroll) and (NP Ernest Bertolotti))) .)) (TOP (S (NP-SBJ-1 They) (VP will (VP be (VP joined (NP *-1) (PP by (NP-LGS (NP Larry Gainen) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP resigned (PP-CLR from (NP (NP the firm) (PP of (NP LePatner , Gainen & Block)))))))))))) .)) (TOP (S (NP-SBJ (NP Howard Rubenstein) , (NP (NP a New York publicist) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP represents (NP Shea & Gould))))) ,) (VP said , `` (S (NP-SBJ Shea & Gould) (VP understands (SBAR 0 (S (NP-SBJ they) (VP 're (VP leaving (SBAR-PRP because (S (NP-SBJ they) (VP wanted (NP (NP a different environment) -- (NP (NP a smaller firm) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP would (VP be (NP-PRD (NP principals) (PP of (NP *T*-2))))))))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Rubenstein) (VP said (SBAR 0 (S (NP-SBJ (NP the five) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP were n't (PP-PRD on (NP (NP Shea & Gould 's) management committee))))) ,) `` (VP are (VP leaving (PP-MNR on (NP good terms))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR (SBAR 0 (S (NP-SBJ Shea & Gould) (VP held (NP (NP a number) (PP of (NP (NP discussions) (PP with (NP the five partners))))) (PP-TMP during (NP the past few weeks)) (S-PRP (NP-SBJ *) (VP to (VP get (S (NP-SBJ them) (VP to (VP stay))))))))) but (SBAR that (S (NP-SBJ-1 the five) (VP were (ADJP-PRD firmly committed (PP to (S-NOM (NP-SBJ *-1) (VP running (NP their own firm)))))))))) .)) (TOP (S (NP-SBJ Hutton Ingram) (VP will (VP have (NP (NP a general corporate , securities , real-estate and litigation practice) , and (NP (NP a substantial practice) (VP serving (NP the professional-design community)))))) .)) (TOP (S (NP-SBJ (NP-HLN DISCIPLINARY PROCEEDINGS) (PP against (NP lawyers))) (VP open (PP-CLR to (NP public)) (PP-LOC in (NP Illinois))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP investigations) (PP into (NP lawyer misconduct))) (VP will (VP remain (ADJP-PRD secret))))) , (NP-SBJ-1 the public) (VP will (VP be (VP notified (NP *-1) (SBAR-TMP once (S (NP-SBJ-2 a formal complaint) (VP is (VP filed (NP *-2) (PP-CLR against (NP an attorney))))))))) .)) (TOP (S (NP-SBJ The actual disciplinary hearings) (VP will (VP be (ADJP-PRD public))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Illinois attorneys) (VP will (VP lose (NP the right (S (NP-SBJ *) (VP to (VP sue (NP (NP clients) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP file (NP malicious complaints) (PP-CLR against (NP them)))))))))))) .)) (TOP (S (NP-SBJ-1 Non-lawyers) (VP will (VP be (VP added (NP *-1) (PP-CLR to (NP (NP the inquiry panels) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP look (PP-CLR into (NP (NP allegations) (PP of (NP misconduct)))))))))))) .)) (TOP (S (NP-SBJ Illinois) (VP joins (NP (NP (NP 36 other states) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP allow (NP (NP public participation) (PP in (NP attorney-disciplinary proceedings))))))) and (NP (NP 32 states) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP open (NP disciplinary hearings) (PP-CLR to (NP the public))))))) , (PP according (PP to (NP the American Bar Association)))) .)) (TOP (S (NP-SBJ (NP (NP One vocal critic) (PP of (NP the changes))) , (NP Chicago lawyer Warren Lupel) ,) (VP says (SBAR 0 (S (NP-SBJ-1 non-lawyers) (VP should n't (VP be (PP-PRD on (NP the inquiry panels)) (SBAR-PRP because (S (NP-SBJ they) (VP are (ADJP-PRD unlikely (S (NP-SBJ *-1) (VP to (VP appreciate (NP (NP the nuances) (PP of (NP attorney-client relationships))))))))))))))) .)) (TOP (S-2 (PP In (NP addition)) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2))))) , (S-NOM-SBJ (NP-SBJ *) (VP publishing (NP (NP the names) (PP of (NP (NP lawyers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (VP facing (NP charges)))))))))) (ADVP unnecessarily) (VP subjects (NP them) (PP-CLR to (NP public derogation))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ Mr. Lupel) (VP anticipates (NP no legal action (S (NP-SBJ *) (VP to (VP reverse (NP (NP the Illinois Supreme Court 's) decision (S (NP-SBJ *) (VP to (VP institute (NP the changes)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD (NP no constitutional right) (VP involved (NP *) (PP-CLR in (NP the rule change)))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ-1 You) (VP do n't (VP have (NP a right (S (NP-SBJ *-1) (VP to (VP practice)))))) .)) (TOP (S (NP-SBJ-1 You) (ADVP only) (VP have (NP a privilege (S (NP-SBJ *-1) (VP to (VP practice))))) . '')) (TOP (S (NP-SBJ-3 DREXEL BURNHAM LAMBERT Inc.) (VP agreed (S (NP-SBJ *-3) (VP to (VP pay (NP a (ADJP $ 50,000 *U*) fine) (PP-DTV to (NP (NP Delaware) , (NP (NP the 26th state) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP settle (PP-CLR with (NP Drexel)) (PP-TMP in (NP (NP the wake) (PP of (NP (NP (NP the firm 's) guilty plea) (PP to (NP federal insider-trading charges))))))))))))))))) .)) (TOP (S (S (NP-SBJ Drexel) (VP does n't (VP have (NP a Delaware office)))) , but (S (NP-SBJ the New York firm) (VP has (VP been (VP negotiating (NP (NP settlements) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP allow (S (NP-SBJ it) (VP to (VP operate (ADVP-MNR freely) (ADVP-LOC nationwide) (PP despite (NP (NP its record) (PP as (NP an admitted felon)))))))))))))))) .)) (TOP (S (NP-SBJ The firm) (VP has (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP pay (NP $ 11.5 million *U*) (ADVP overall) (S-PRP (NP-SBJ *) (VP to (VP settle (PP-CLR with (NP states))))))))))))) .)) (TOP (S (S (NP-SBJ Drexel) (VP pleaded (ADJP-PRD guilty (PP *ICH*-1)) (PP-TMP in (NP September)) (PP-1 to (NP (NP six felony counts) (PP of (NP securities and mail fraud)))))) ; (S (NP-SBJ it) (ADVP also) (VP made (NP (NP a (ADJP (QP $ 650 million) *U*) civil settlement) (PP with (NP the Securities and Exchange Commission))))) .)) (TOP (S (NP-SBJ (NP Philip Morris Cos.) , (SBAR whose (WHNP-1 Benson & Hedges cigarette brand) (S (NP-SBJ *T*-1) (VP has (VP been (VP losing (NP market share)))))) ,) (VP has (VP asked (NP-3 (QP at least one) other agency) (S (NP-SBJ *-3) (VP to (VP try (NP its hand) (PP-CLR at (NP (NP creative work) (PP for (NP (NP the big account) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP has (VP been (PP-PRD at (NP Wells Rich Greene Inc.)) (PP-TMP since (NP 1966))))))))))))))) .)) (TOP (S (NP-SBJ (NP Executives) (ADJP close (PP to (NP Philip Morris)))) (VP said (SBAR that (S (NP-SBJ the tobacco and food giant) (VP has (VP asked (NP-1 (NP (NP Backer Spielvogel Bates Worldwide Inc.) , (NP (NP a unit) (PP of (NP Saatchi & Saatchi Co.))) ,) and (NP possibly others)) (S (NP-SBJ *-1) (VP to (VP work (PP-CLR on (NP (NP creative ideas) (PP for (NP the account)))))))))))) .)) (TOP (S (NP-SBJ Several executives) (VP said (SBAR 0 (S (NP-SBJ another potential contender) (VP is (NP-PRD (NP (NP WPP Group 's) Ogilvy & Mather agency) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP works (PP-CLR on (NP some other Philip Morris products)))))))))) .)) (TOP (S (NP-SBJ-1 Both (NP Philip Morris) and (NP Backer Spielvogel)) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ (NP A spokeswoman) (PP for (NP Ogilvy & Mather))) (VP said (SBAR 0 (S (NP-SBJ the agency) (VP does n't (VP comment (PP-CLR on `` (NP idle speculation))))))) . '')) (TOP (S (SINV (VP-TPC-1 (ADVP Also) mentioned (PP-CLR as (NP a contender))) (VP was (VP *T*-1)) (NP-SBJ TBWA Advertising)) , but (S (NP-SBJ the company) (VP denied (SBAR 0 (S (NP-SBJ it) (VP was (VP participating)))))) .)) (TOP (S (NP-SBJ (NP The loss) (PP of (NP the cigarette account))) (VP would (VP be (NP-PRD (NP a severe blow) (PP to (NP Wells Rich))))) .)) (TOP (S (NP-SBJ Benson & Hedges) (VP has (VP been (NP-PRD (NP (NP one) (PP of (NP its most high-visibility campaigns))) , (CONJP as well as) (NP (NP one) (PP of (NP its largest clients)))))) .)) (TOP (S (NP-SBJ The account) (VP billed (NP (QP almost $ 60 million) *U*) (NP-TMP last year) , (PP according (PP to (NP Leading National Advertisers)))) .)) (TOP (S-1 (S But (NP-SBJ Philip Morris) (VP has (VP scaled (ADVP back) (NP (NP ad spending) (PP-LOC on (NP the brand))) (PP-TMP over (NP the past year))))) (PRN , (S (NP-SBJ industry executives) (VP said (SBAR 0 (S *T*-1)))) ,) and (S (NP-SBJ it) (ADVP-TMP now) (VP bills (NP (QP about $ 30 million to $ 40 million) *U*))) .)) (TOP (S (NP-SBJ Industry executives) (VP said (SBAR 0 (S (NP-SBJ Philip Morris) (VP had (VP asked (NP the other agencies) (S (NP-SBJ *) (VP to (VP create (NP campaigns) (PP-PRP in (NP a bid (S (NP-SBJ *) (VP to (VP stop (NP (NP the brand 's) slipping market share)))))))))))))) .)) (TOP (S (PP According (PP to (NP (NP John Maxwell) , (NP (NP an analyst) (PP-LOC at (NP (NP Wheat First Securities) , (NP (NP Richmond) , (NP Va.)))))))) , (NP-SBJ Benson & Hedges) (VP has (VP slipped (PP-DIR from (NP (NP 4.7 %) (PP of (NP the cigarette market))) (PP-TMP in (NP 1985))) (PP-DIR to (NP (QP just 4.1) %) (PP-TMP after (NP (NP the second quarter) (PP of (NP this year))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The brand) (VP is (NP-PRD (NP No. 7) (ADVP overall) (PP-LOC in (NP the cigarette business))))) , (NP-SBJ Mr. Maxwell) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The slip) (VP has (VP come (PP despite (NP (NP (NP high-profile ads) (VP created (NP *) (PP by (NP-LGS Wells Rich)))) , (PP including (NP (NP one) (VP picturing (NP (NP (NP a young man) (VP clad (NP *) (PP only in (NP pajama bottoms)))) (VP interrupting (NP a festive brunch)))))))))) .)) (TOP (S (NP-SBJ That ad) (VP generated (NP (NP so much publicity) (SBAR that (S (NP-SBJ a trade magazine) (VP launched (NP a contest (SBAR for (S (NP-SBJ its readers) (VP to (VP guess (SBAR (SBAR (WHNP-1 who) (S (NP-SBJ the guy) (VP was (NP-PRD *T*-1)))) and (SBAR (WHNP-2 what) (S (NP-SBJ he) (VP was (VP doing (NP *T*-2)))))))))))))))) .)) (TOP (S (NP-SBJ Wells Rich) (ADVP-TMP first) (VP popularized (NP the Benson & Hedges brand) (ADVP-TMP (NP (QP more than 20) years) ago) (PP with (NP (NP ads) (VP portraying , (PP among (NP other things)) , (NP (NP an elevator door) (VP closing (PP-CLR on (NP (NP a passenger 's) cigarette)))))))) .)) (TOP (S (NP-SBJ The brand) (ADVP-TMP early on) (VP achieved (NP (NP an upscale appeal) -- (NP (NP a trait) (SBAR (WHNP-1 that) (S (NP-SBJ some analysts) (VP believe (SBAR 0 (S (NP-SBJ *T*-1) (VP is (ADJP-PRD (ADVP partly) responsible (PP for (NP its staid performance)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Philip Morris) , (VP trying (S (NP-SBJ *-1) (VP to (VP revive (NP the Benson & Hedges franchise))))) ,) (VP put (NP the account) (PP-CLR up (PP for (NP review))) (PP-TMP in (NP 1986))) .)) (TOP (S (NP-SBJ Wells Rich Greene) , (ADVP however) , (PP in (NP (NP an effort) (VP directed (NP *) (PP by (NP-LGS Mary Wells Lawrence)))) ,) (VP (VP emerged (NP (NP the victor) (PP of (NP the review)))) and (VP retained (NP the business))) .)) (TOP (S (NP-SBJ (NP Kenneth Olshan) , (NP (NP Wells Rich 's) chairman) ,) (VP did n't (VP return (NP (NP phone calls) (VP seeking (NP comment))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Wells Rich) (ADVP-TMP recently) (VP picked (PRT up) (NP (NP Hertz Corp. 's) (ADJP (QP $ 25 million to $ 30 million) *U*) account)))) , (NP-SBJ it) (VP has (VP lost (NP (NP a number) (PP of (NP big accounts))) (NP-TMP this year) , (PP including (NP (NP the (ADJP (QP $ 20 million to $ 25 million) *U*) Cadbury-Schweppes Canada Dry and Sunkist accounts) , (NP the (ADJP (QP $ 18 million) *U*) Procter & Gamble Co . Sure deodorant account) and (NP the (ADJP $ (QP 10 million) *U*) Polo/Ralph Lauren business))))) .)) (TOP (S (NP-SBJ Its victories) (VP include (NP (NP (NP (QP more than $ 30 million) *U*) (PP in (NP Sheraton Corp. business))) and (NP (NP an assignment) (PP from (NP Dun & Bradstreet)) (ADJP worth (NP (QP $ 5 million to $ 10 million ) *U*))))) .)) (TOP (S (NP-SBJ This city) (VP is (VP girding (PP-CLR for (NP gridlock)) (NP-TMP today) (SBAR-TMP as (S (NP-SBJ (NP hundreds) (PP of (NP (NP thousands) (PP of (NP commuters))))) (VP avoid (NP (NP travel routes) (VP ravaged (NP *) (PP by (NP-LGS (NP last week 's) earthquake))))))))) .)) (TOP (S (NP-SBJ (NP Estimates) (PP of (NP (NP damage) (PP-LOC in (NP the six-county San Francisco Bay area))))) (VP neared (NP (QP $ 5 billion) *U*) , (PP excluding (NP (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP repairing (NP (NP the region 's) transportation system))))))) .)) (TOP (S (NP-SBJ-1 (NP The Bay Bridge) , (NP (NP the main artery) (PP-DIR into (NP San Francisco)) (PP-DIR from (NP the east))) ,) (VP will (VP be (VP closed (NP *-1) (PP-TMP for (NP (QP at least several) weeks))))) .)) (TOP (S (NP-SBJ (NP Part) (PP of (NP the bridge))) (VP collapsed (PP-LOC in (NP (NP the quake) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP registered (NP (NP 6.9) (PP-LOC on (NP the Richter scale))))))))) .)) (TOP (S (NP-SBJ The bridge) (ADVP normally) (VP carries (NP (NP 250,000 commuters) (NP-ADV a day))) .)) (TOP (S (ADVP Also) , (NP-SBJ-1 (NP most) (PP of (NP (NP the ramps) (VP connecting (NP the city) (PP-LOC-CLR to (NP (NP (NP its main link) (PP to (NP the south))) , (NP the 101 freeway) ,)))))) (VP have (VP been (VP closed (NP *-1) (PP-PRP for (NP repairs))))) .)) (TOP (S (NP-SBJ-1 (NP The Bay Area Rapid Transit system) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP runs (NP subway trains) (PP-LOC beneath (NP the bay))))) ,) (VP is (VP braced (NP *-1) (PP-CLR for (NP (NP a doubling) (PP of (NP its daily regular ridership)) (PP to (NP 300,000)))))) .)) (TOP (S (NP-SBJ BART) (VP has (VP increased (NP service) (PP-CLR to (NP (NP 24 hours) (NP-ADV a day))) (PP in (NP (NP preparation) (PP for (NP the onslaught)))))) .)) (TOP (SINV (ADJP-PRD-TPC-1 Most unusual) (VP will (VP be (ADJP-PRD *T*-1))) (NP-SBJ (NP water-borne commuters) (PP from (NP (NP the East Bay towns) (PP of (NP Oakland and Berkeley))))) .)) (TOP (S (PP-TMP For (NP (NP the first time) (PP in (NP 32 years)))) , (NP-SBJ-1 ferry service) (VP has (VP been (VP restored (NP *-1) (PP-LOC between (NP (NP the East Bay) and (NP San Francisco)))))) .)) (TOP (S (NP-SBJ (NP The Red and White Fleet) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP operates (NP (NP (NP regular commuter ferry service) (PP to and from (NP Marin County))) , and (NP (NP tourist tours) (PP of (NP the bay))) ,))))) (VP is (VP offering (NP East Bay commuters) (NP a chance (S (NP-SBJ *) (VP to (VP ride (NP the waves))) (PP for (NP (NP the price) (PP of (NP (NP $ 10 *U*) (NP round-trip))))))))) .)) (TOP (S (NP-SBJ That tariff) (VP is (ADJP-PRD too stiff) (PP for (NP some Financial District wage earners))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP 'll (VP stay (PP-CLR with (NP BART))))) , '' (VP said (S *T*-1)) (NP-SBJ-2 (NP one secretary)) , (S-ADV (NP-SBJ *-2) (VP swallowing (NP (NP her fears) (PP about (S-NOM (NP-SBJ *) (VP using (NP the transbay tube))))))) .)) (TOP (S (NP-SBJ Officials) (VP expect (S (NP-SBJ-1 the Golden Gate Bridge) (VP to (VP be (VP swamped (NP *-1) (PP-CLR with (NP (NP an extra load) (PP of (NP commuters)))) , (PP including (NP (NP East Bay residents) (VP making (NP a long detour))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're (VP anticipating (NP quite a traffic crunch)))) , '' (VP said (S *T*-1)) (NP-SBJ one official) .)) (TOP (S (NP-SBJ (QP About 23,000) people) (ADVP typically) (VP travel (PP-LOC-CLR over (NP the Golden Gate Bridge)) (PP-TMP during (NP commute hours))) .)) (TOP (S (NP-SBJ (QP About 130,000) vehicles) (VP cross (PP-TMP during (NP a 24-hour period))) .)) (TOP (S (NP-SBJ (NP Meetings) (VP canceled (NP *) (PP-LGS (PP by (NP (NP Apple Computer Inc. 's) European sales force)) and (PP by (NP other groups))))) (VP raised (NP (NP the specter) (PP of (NP empty hotel rooms and restaurants)))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP raised (NP (NP hackles) (PP of (NP (NP the city 's) tourism boosters)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Other cities) (VP are (VP (VP calling -LCB- (NP (NP groups) (VP booked (ADVP-LOC here) (PP for (NP tours and conferences)))) -RCB-) and (PRN -- (S not (NP-SBJ *) (VP to (VP be (ADJP-PRD crass)))) --) (VP stealing (NP our booking list))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Scott Shafer) , (NP (NP a spokesman) (PP for (NP Mayor Art Agnos)))) .)) (TOP (S (NP-SBJ City officials) (VP stuck (PRT by) (NP (NP their estimate) (PP of (NP (NP (QP $ 2 billion) *U*) (PP in (NP (NP damage) (PP to (NP the quake-shocked city)))))))) .)) (TOP (S (NP-SBJ The other five Bay area counties) (VP have (VP increased (NP their total damage estimates) (PP-CLR to (NP (QP $ 2.8 billion) *U*)))) .)) (TOP (S (NP-SBJ All estimates) (VP exclude (NP (NP highway repair) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP could (VP exceed (NP (QP $ 1 billion) *U*))))))) .)) (TOP (SINV (PP-PRD-TPC-3 Among (NP the expensive unknowns)) (VP are (PP-PRD *T*-3)) (NP-SBJ (NP stretches) (PP of (NP elevated freeway)) (PP-LOC in (NP San Francisco)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were (VP closed (NP *-1) (PP because of (NP quake-inflicted damage))))))) .)) (TOP (S (NP-SBJ The most worrisome stretch) (VP is (NP-PRD (NP 1.2 miles) (PP of (NP (NP waterfront highway) (VP known (NP *) (PP-CLR as (NP the Embarcadero Freeway))))))) .)) (TOP (S (SBAR-TMP Until (S (NP-SBJ-1 it) (VP was (VP closed (NP *-1) (NP-TMP Tuesday))))) , (NP-SBJ it) (VP had (VP provided (NP (NP the quickest series) (PP of (NP exits)) (PP for (NP (NP commuters) (PP from (NP the Bay Bridge)) (VP heading (PP-DIR into (NP the Financial District)))))))) .)) (TOP (S (NP-SBJ Engineers) (VP say (SBAR 0 (S (NP-SBJ it) (VP will (VP take (NP (QP at least eight) months) (S-PRP (NP-SBJ *) (VP to (VP repair (NP the Embarcadero structure))))))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP the quake recovery effort)))) , (NP-SBJ the city Building Department) (VP has (VP surveyed (NP (QP about 3,000) buildings) , (PP including (NP (NP all) (PP of (NP (NP the Financial District 's) high-rises)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The preliminary conclusion) (PP from (NP (NP a survey) (PP of (NP 200 downtown high-rises))))) (VP is (SBAR-PRD that `` (S (NP-SBJ we) (VP were (ADJP-PRD incredibly lucky)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Lawrence Kornfield) , (NP (NP San Francisco 's) chief building inspector)) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP many) (PP of (NP these buildings))) (VP sustained (NP heavy damage)))) , (NP-SBJ (NP little) (PP of (NP that))) (VP involved (NP major structural damage)) .)) (TOP (S (NP-SBJ City building codes) (VP require (NP (NP construction) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP can (VP resist (NP temblors))))))) .)) (TOP (S (PP-LOC In (NP England)) , (NP-SBJ (NP Martin Leach) , (NP (NP a spokesman) (PP for (NP (NP Lloyd 's) (PP of (NP London)))))) , (VP said (SBAR 0 (S (NP-SBJ-1 the insurance market) (VP has n't (ADVP-TMP yet) (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP estimate (NP (NP the total potential claims) (PP from (NP the disaster)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The extent) (PP of (NP the claims))) (VP wo n't (VP be (VP known (PP-TMP for (NP some time)))))) , '' (NP-SBJ Mr. Leach) (VP said (S *T*-1)) .)) (TOP (S (PP-TMP On (NP Friday)) , (PP-TMP during (NP (NP a visit) (PP to (NP California)) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP survey (NP quake damage) (ADVP *T*-1))))))) , (NP-SBJ-2 President Bush) (VP promised (S (NP-SBJ *-2) (VP to `` (VP meet (NP (NP the federal government 's) obligation '' (S (NP-SBJ *) (VP to (VP assist (NP relief efforts))))))))) .)) (TOP (S (NP-SBJ-1 California officials) (VP plan (S (NP-SBJ *-1) (VP to (VP ask (NP Congress) (PP-CLR for (NP (NP (QP $ 3 billion or more) *U*) (PP of (NP federal aid)) , (PP in (NP (NP the form) (PP of (NP (NP grants) and (NP low-interest loans))))))))))) .)) (TOP (S (NP-SBJ-1 The state) (VP (VP has (NP a (ADJP (QP $ 1 billion) *U*) reserve)) , and (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP add (NP (QP $ 1 billion) *U*) (PP-CLR to (NP that fund)) (PP-TMP in (NP the next year)))))))) .)) (TOP (S (S (NP-SBJ (NP Some) (PP of (NP that money))) (VP will (VP be (ADJP-PRD available (PP for (NP (NP highway repair) and (NP special emergency aid))))))) , but (S (NP-SBJ (NP members) (PP of (NP the legislature))) (VP are (ADVP also) (VP mulling (PRT over) (NP (NP a temporary state gasoline tax) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP raise (NP (NP money) (PP for (NP earthquake relief))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ state initiatives) (VP restrict (NP (NP the ability (S *ICH*-1)) (PP of (NP the legislature)) (S-1 (NP-SBJ *) (VP to (VP raise (NP such taxes))))) (SBAR-ADV unless (S (NP-SBJ the voters) (VP approve (PP-LOC in (NP a statewide referendum)))))) .)) (TOP (S (NP-SBJ (NP G. Christian Hill) and (NP Ken Wells)) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ Bond Corp . Holdings Ltd.) (VP posted (NP (NP a loss) (PP-TMP for (NP fiscal 1989)) (PP of (NP (NP (NP (QP 980.2 million) Australian dollars) (PRN -LRB- (NP (QP US$ 762.4 million) *U*) -RRB-)) , (NP (NP the largest) (PP-LOC in (NP Australian corporate history))))))) .)) (TOP (S (NP-SBJ That loss) (VP compared (PP-CLR with (NP (NP a year-earlier profit) (PP of (NP (QP A$ 273.5 million) *U*))))) .)) (TOP (S (PP-LOC In (NP (NP preliminary , unaudited results) (VP reported (NP *) (NP-TMP Friday)))) , (NP-SBJ Bond Corp.) (ADVP also) (VP posted (NP (NP an operating loss) (PP of (NP (NP (QP A$ 814.1 million) *U*) (PP for (NP (NP the year) (VP ended (NP *) (NP-TMP-CLR June 30)))) , (PP compared (PP with (NP (NP operating profit) (PP of (NP (NP (QP A$ 354.7 million) *U*) (ADVP-TMP (NP a year) earlier)))))))))) .)) (TOP (S (NP-SBJ Operating revenue) (VP rose (NP-EXT 69 %) (PP-DIR to (NP (QP A$ 8.48 billion) *U*)) (PP-DIR from (NP (QP A$ 5.01 billion) *U*))) .)) (TOP (S But (NP-SBJ the net interest bill) (VP jumped (NP-EXT 85 %) (PP-DIR to (NP (QP A$ 686.7 million) *U*)) (PP-DIR from (NP (QP A$ 371.1 million) *U*))) .)) (TOP (S (NP-SBJ Bond Corp.) (VP has (NP (NP interests) (PP in (NP (NP brewing) , (NP media and communications) , (NP natural resources) and (NP property))))) .)) (TOP (S (NP-SBJ (NP Much) (PP of (NP (NP Bond Corp. 's) losses))) (VP stemmed (PP-CLR from (NP (NP one-time write-downs) (PP of (NP (NP the value) (PP of (NP (NP some) (PP of (NP (NP (NP Bond Corp. 's) assets) and (NP (NP those) (PP of (NP its units)))))))))))) .)) (TOP (S (NP-SBJ The results) (VP included (NP (NP (NP a (ADJP (QP A$ 453.4 million) *U*) write-off) (PP of (NP future income-tax benefits))) and (NP (NP a provision) (PP for (NP (NP a loss) (PP of (NP (QP A$ 149.5 million) *U*)) (PP on (NP (NP the sale) (PP of (NP (NP a stake) (PP of (NP (QP about 20) %)) (PP-LOC in (NP Lonrho PLC))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ Bond Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 the tax benefits) (VP (VP remain (ADJP-PRD available)) and (VP might (VP be (VP used (NP *-1) (ADVP-TMP later)))))))) .)) (TOP (S (NP-SBJ (NP Earnings) (PP before (NP interest and tax)) (PP from (NP brewing))) (VP dived (NP-EXT 50 %) (PP-DIR to (NP (QP A$ 123.8 million) *U*)) (PP-DIR from (NP (QP A$ 247.3 million) *U*))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (S (NP-SBJ (NP the general financial performance) (PP of (NP (NP its U.S. brewing operations) , (NP G. Heileman Brewing Co.) ,))) (VP was `` (ADJP-PRD disappointing))) , and (S (NP-SBJ-1 this) (VP has (VP been (VP reflected (NP *-1) (PP-CLR in (NP the results))))))))) . '')) (TOP (S (NP-SBJ (NP Bond Corp. 's) shares) (VP closed (NP-TMP Friday) (PP-TMP before (NP (NP news) (PP of (NP (NP the results) (PP at (NP (NP 28 Australian cents) (NP-ADV a share) ,)) (ADVP up (NP one Australian cent))))))) .)) (TOP (S (NP-SBJ The staggering losses) (VP cap (NP (NP a tumultuous year) (PP for (NP (NP Alan Bond) and (NP (NP his flagship) , (NP Bond Corp)))))) .)) (TOP (S (ADVP-TMP (NP Only a year) ago) , (NP-SBJ-2 (NP the chairman) (PP of (NP Bond Corp.)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP controls (NP (NP (QP about 58) %) (PP of (NP the company)))))) ,) (VP appeared (S (NP-SBJ-3 *-2) (VP to (VP be (VP building (NP a war chest) (S-PRP (NP-SBJ *-3) (VP to (VP attack (NP some big companies))))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ-1 Bond Corp.) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP (QP at least half) its Australian brewing assets)))))) .)) (TOP (S (NP-SBJ It) (VP (VP has (VP sold (NP (NP billions) (PP of (NP (NP dollars) (PP of (NP other assets))))))) and (VP has (NP (NP more) (PP on (NP the block))))) .)) (TOP (S But (PP-LOC in (NP a TV interview)) (NP-TMP Sunday) (NP-SBJ Mr. Bond) (VP said , `` (S (NP-SBJ We) (VP 've (VP taken (NP a big loss))))) .)) (TOP (S (NP-SBJ We) (VP 've (VP taken (NP it) (PP-LOC-CLR on (NP the chin)))) .)) (TOP (S But (S (NP-SBJ we) (VP 're (ADVP-LOC-PRD out there))) and (S (NP-SBJ-1 we) (VP 're (VP going (S (NP-SBJ *-1) (VP to (VP stay (PP-LOC-CLR in (NP business)))))))) .)) (TOP (S (NP-SBJ Bond Corp.) (VP signaled (SBAR 0 (S (NP-SBJ it) (VP will (VP focus (PP-CLR on (S-NOM (NP-SBJ *) (VP building (NP its (ADJP domestic and international) media and communications businesses))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP look (PP-CLR at (NP (NP opportunities) (PP in (NP brewing , property and energy resources)))) (PP to (NP (NP the extent) (ADJP consistent (PP with (NP (NP the dominant objective) (PP of (NP manageable debt-to-assets ratios)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The result) `` (VP will (ADVP ultimately) (VP be (NP-PRD (NP a (ADJP very different) group) (PP in (NP size and structure)))))) , '' (NP-SBJ Bond Corp. directors) (VP said (PP-LOC in (NP a statement)) (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ Some analysts) (VP contend (SBAR 0 (S (NP-SBJ the total writeoffs) (VP should (VP have (VP been (ADJP-PRD much greater)))))))) , and (S (NP-SBJ (NP Bond Corp. 's) auditors) (VP cited (NP (NP a list) (PP of (NP (NP several assets and deals) (SBAR (WHPP-1 about (WHNP which)) (S (NP-SBJ there) (VP is (NP-PRD `` (NP uncertainty) '' (VP regarding (NP (NP the current value) and (NP (NP potential impact) (PP on (NP the firm)))))) (PP *T*-1))))))))) .)) (TOP (S (NP-SBJ Bond Corp.) (VP said (SBAR 0 (S (NP-SBJ the acknowledged losses) (VP mean (SBAR 0 (S (NP-SBJ net asset backing) (VP is (PP-PRD in (NP the red)) (PP to (NP (NP the tune) (PP of (NP (NP 53 Australian cents) (NP-ADV a share))))) , (PP vs. (NP (NP positive asset backing) (PP of (NP (NP A$ 1.92 *U*) (NP-ADV a share) (ADVP-TMP (NP a year) ago)))))))))))) .)) (TOP (S-1 (ADVP Still) (PRN , (S (NP-SBJ the directors) (VP said (S *T*-1))) ,) `` (S-ADV (NP-SBJ *-2) (VP Having (VP (ADVP fully) considered (NP (NP (NP all aspects) (PP of (NP (NP (NP the company 's) state) (PP of (NP affairs))))) and (NP future cash flows))))) , (NP-SBJ-2 the directors) (VP confirm (ADVP absolutely) (SBAR that (S (NP-SBJ the company) (VP is (ADJP-PRD solvent))))) . '')) (TOP (S (ADVP Indeed) , (PP-LOC in (NP (NP a note) (PP to (NP the results)))) , (NP-SBJ directors) (VP said (SBAR 0 (S (SBAR-ADV if (S (NP-SBJ-1 (NP the `` true worth '') (PP of (NP (NP some) (PP of (NP (NP the group 's) assets))))) (VP were (VP taken (NP *-1) (PP-CLR into (NP account)) (PP instead of (S-NOM (NP-SBJ *) (VP using (NP book values)))))))) , (NP-SBJ (NP the negative net asset) (VP backing (NP a share))) (VP would (VP turn (PP-CLR into (NP `` a substantial positive '' one))))))) .)) (TOP (S (NP-SBJ The Bakersfield Supermarket) (VP went (PP-PRD out (PP of (NP business))) (NP-TMP last May)) .)) (TOP (S (NP-SBJ The reason) (VP was not (NP-PRD high interest rates or labor costs)) .)) (TOP (SINV Nor was (NP-SBJ there) (NP-PRD (NP a shortage) (PP of (NP customers)) (PP-LOC in (NP (NP the area) , (NP (NP the residential Inwood section) (PP of (NP northern Manhattan)))))) .)) (TOP (S (NP-SBJ The business) (VP closed (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 the owner) (VP was (VP murdered (NP *-1) (PP by (NP-LGS robbers)) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ The owner) (VP was (NP-PRD (NP Israel Ortiz) , (NP (NP a 29-year-old entrepreneur) and (NP (NP father) (PP of (NP two)))))) .)) (TOP (S (PP-TMP In (NP (NP his first year) (PP of (S-NOM (NP-SBJ *) (VP operating (NP (NP the store) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP bought (NP *T*-2) (PP-CLR for (NP $ 220,000 *U*))))))))))) , (NP-SBJ-1 Mr. Ortiz) (VP was (VP robbed (NP *-1) (NP (QP at least) twice) (PP-MNR at (NP gunpoint)))) .)) (TOP (S (NP-TMP The first time) (NP-SBJ-1 he) (VP was (VP shot (NP *-1) (PP-LOC-CLR in (NP the hand)) (SBAR-ADV as (S (NP-SBJ he) (VP chased (NP the robbers) (ADVP-DIR outside)))))) .)) (TOP (S (NP-TMP The second time) (NP-SBJ he) (VP identified (NP (NP two robbers) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP were (VP arrested and charged)))))) .)) (TOP (S (ADVP-TMP (NP Two weeks) later) (PRN -- (PP perhaps in (NP retaliation)) --) (NP-SBJ-1 Mr. Ortiz) (VP was (VP shot (NP *-1) (NP three times) (PP-LOC-CLR in (NP the back)) , (PP-TMP during (SBAR (WHNP-2 what) (S (NP-SBJ police) (VP classified (NP *T*-2) (PP-CLR as (NP a third robbery attempt)))))))) .)) (TOP (S (NP-SBJ That) (VP was (NP-PRD (NP his reward) (PP for (S-NOM (NP-SBJ-1 *) (VP working (PP-TMP until (NP (NP 11 p.m.))) (NP-TMP (NP seven days) (NP-ADV a week)) (S-PRP (NP-SBJ *-1) (VP to (VP cover (NP his (NAC (NP $ 3,000 *U*) (ADVP a month)) rent))))))))) .)) (TOP (PP For (S-NOM (NP-SBJ *) (VP providing (SBAR (WHNP-1 what) (S (NP-SBJ his customers) (VP described (NP *T*-1) (PP-CLR as (NP (ADJP very personal and helpful)) service)))))) .)) (TOP (PP For (S-NOM (NP-SBJ *) (VP creating (NP (NP a focus) (PP for (NP neighborhood life))))) .)) (TOP (S (NP-SBJ Israel Ortiz) (VP is (NP-PRD (NP only one) (PP of (NP (NP the thousands) (PP of (NP (NP entrepreneurs) and (NP their employees))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP be (VP injured or killed (PP by (NP crime)) (NP-TMP this year)))))))))) .)) (TOP (S (NP-SBJ (NP The U.S. Bureau) (PP of (NP Justice Statistics))) (VP reports (SBAR that (S (NP-SBJ (NP (QP almost 2) %) (PP of (NP all retail-sales workers))) (VP suffer (NP (NP injuries) (PP from (NP crime))) (NP-TMP each year) , (NP-ADV (NP (QP almost twice) the national average) and (NP (NP (QP about four times) the rate) (PP for (NP (NP teachers) , (NP truck drivers) , (NP medical workers) and (NP door-to-door salespeople))))))))) .)) (TOP (S (NP-SBJ (NP Only a few other occupations) (PP *ICH*-1)) (VP have (NP (NP higher reported rates) (PP of (NP criminal injury))) , (PP-1 such as (NP (NP police) , (NP bartenders) and (NP taxi drivers)))) .)) (TOP (S (ADVP Yet) (NP-SBJ these figures) (VP show (NP (NP only the (ADJP most visible) part) (PP of (NP the problem)))) .)) (TOP (S (NP-SBJ (NP Recent data) (PP from (NP New York City))) (VP provide (NP (NP more) (PP of (NP the picture)))) .)) (TOP (S (SBAR-ADV While (FRAG (PP by (NP no means)) (NP (NP the highest crime community) (PP-LOC in (NP the country))))) , (NP-SBJ New York) (VP is (NP-PRD (NP a prime example) (PP of (NP (NP a city) (SBAR (WHADVP-1 where) (S (NP-SBJ crime) (VP strangles (NP small-business development) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (NP-SBJ-1 (NP A survey) (PP of (NP (NP small businesses) (NP-LOC there)))) (VP was (VP conducted (NP *-1) (NP-TMP this spring) (PP by (NP-LGS (NP Interface) , (NP a policy research organization))))) .)) (TOP (S (NP-SBJ It) (VP (VP gave (NP 1,124 businesses) (NP a questionnaire)) and (VP analyzed (NP 353 responses))) .)) (TOP (S (NP-SBJ The survey) (VP found (SBAR that (S (PP-TMP over (NP a three-year period)) (NP-SBJ (NP 22 %) (PP of (NP the firms))) (VP said (SBAR 0 (S (NP-SBJ-1 employees or owners) (VP had (VP been (VP robbed (NP *-1) (UCP (PP on (NP (NP their way) (PP to or from (NP work)))) or (SBAR-TMP while (FRAG (PP on (NP the job)))))))))))))) .)) (TOP (S (NP-SBJ Seventeen percent) (VP reported (S (NP-SBJ-1 their customers) (VP being (VP robbed (NP *-1))))) .)) (TOP (S (NP-SBJ Crime) (VP was (NP-PRD the reason (SBAR (SBAR that (S (NP-SBJ 26 %) (VP reported (NP (NP difficulty) (S-NOM (NP-SBJ *) (VP recruiting (NP personnel))))))) and (SBAR that (S (NP-SBJ 19 %) (VP said (SBAR 0 (S (NP-SBJ they) (VP were (VP considering (NP moving))))))))))) .)) (TOP (S (NP-SBJ (NP (QP More than (NP one-third))) (PP of (NP the responding businesses))) (VP said (SBAR 0 (S (NP-SBJ they) (VP suffer (PP-CLR from (NP (NP (NP drug dealing) and (NP loitering)) (PP-LOC near (NP their premises)))))))) .)) (TOP (S (PP-LOC In (NP (NP Brooklyn) and (NP the Bronx))) , (NP-SBJ-1 (QP one out of four) commercial firms) (VP is (VP burglarized (NP *-1) (NP-TMP each year))) .)) (TOP (S (NP-SBJ Industrial neighborhoods) (VP fare (ADVP-CLR even worse) , (SBAR-ADV with (S (NP-SBJ burglary rates) (ADJP-PRD twice (NP the citywide average))))) .)) (TOP (S (NP-SBJ Crime) (VP is (ADVP clearly) (ADJP-PRD (ADJP (ADJP more deadly) (PP to (NP small-scale entrepreneurship))) (PP than (PP to (NP big businesses))))) .)) (TOP (S (ADVP-TMP (NP Two decades) ago) , (NP-SBJ the Small Business Administration) (VP reported (NP (NP (NP Yale Prof. Albert Reiss 's) landmark study) (PP of (NP (NP crime) (PP against (NP 2,500 small businesses)))) (VP drawn (NP *) (PP-CLR from (NP national IRS records))))) .)) (TOP (S (NP-SBJ He) (VP found (SBAR that (S (NP-SBJ monetary crime losses) , (PP as (NP (NP a proportion) (PP of (NP gross receipts)))) , (VP were (ADJP-PRD (ADJP (ADJP (QP 37 times) higher) (PP for (NP small businesses))) (PP than (PP for (NP large ones)))))))) .)) (TOP (S (S (NP-SBJ (NP The New York study 's) companies) (VP averaged (NP 27 employees))) ; (S (NP-SBJ their annual crime losses) (VP averaged (NP (QP about $ 15,000) *U*) , (PP with (NP (NP (NP an additional (ADJP $ 8,385 *U*) annual cost) (PP in (NP security))) -- (NP enough money (S (NP-SBJ *) (VP to (VP hire (NP (QP at least one more) worker))))))))) .)) (TOP (S (NP-SBJ (NP The costs) (PP of (NP crime))) (VP may (ADVP also) (VP be (ADJP-PRD enough (S (NP-SBJ *) (VP to (VP destroy (NP a struggling business))))))) .)) (TOP (S (SBAR-ADV Whatever (FRAG (NP the monetary crime losses))) , (NP-SBJ they) (VP may not (VP be (ADJP-PRD (ADJP (ADJP nearly as important) (PP to (NP entrepreneurs))) (PP as (NP (NP the risk) (PP of (NP personal injury))))))) .)) (TOP (S (PP-TMP After (NP repeated gun robberies)) , (NP-SBJ some entrepreneurs) (VP may (VP give (PRT up) (NP a business) (PP out (PP of (NP (NP fear) (PP for (NP their lives))))))) .)) (TOP (S (NP-SBJ One Washington couple) (ADVP-TMP recently) (VP sold (NP their liquor store) (PP-TMP after (NP (NP 34 years) (PP in (NP business)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP included (NP (NP four robbery deaths) and (NP (NP 16 robberies or burglaries) (PP-LOC on (NP the premises)))))))))) .)) (TOP (S (NP-SBJ These findings) (VP illustrate (NP (NP the vicious cycle) (SBAR (WHNP-1 that) (S (NP-SBJ (NP (NAC National Institute (PP of (NP Justice))) Director James K. Stewart)) (VP calls (S (NP-SBJ *T*-1) `` (NP-PRD crime causing poverty))))))) . '')) (TOP (S (NP-SBJ Underclass neighborhoods) (VP (VP offer (NP (ADJP relatively few) employment opportunities)) , (S-ADV (NP-SBJ *) (VP contributing (PP-CLR to (NP (NP the poverty) (PP of (NP local residents))))))) .)) (TOP (S (NP-SBJ Small neighborhood businesses) (VP could (VP provide (NP more jobs) , (SBAR-ADV if (S (NP-SBJ crime) (VP were not (ADJP-PRD (ADJP so harmful) (PP to (S-NOM (NP-SBJ *) (VP creating and maintaining (NP those businesses)))))))))) .)) (TOP (S (NP-SBJ-1 This) (VP may (VP help (S (NP-SBJ *-1) (VP explain (SBAR (WHADVP-2 why) (S (NP-SBJ small businesses) (VP create (NP (NP (NP 65 %) (PP of (NP (NP all jobs) (ADVP-LOC nationally)))) , but (NP (NP only 22 %) (PP of (NP (NP jobs) (PP-LOC in (NP (NP a crime-ridden city) (PP like (NP New York)))))))) (ADVP-PRP *T*-2)))))))) .)) (TOP (S (NP-SBJ-1 Bigger business) (VP can (ADVP-TMP often) (ADVP better) (VP afford (S (NP-SBJ *-1) (VP to (VP minimize (NP (NP the cost) (PP of (NP crime)))))))) .)) (TOP (S (NP-SBJ The New York study) (VP found (SBAR that (S (NP-SBJ (NP the cost) (PP of (NP (NP security measures) (PP in (NP (NP firms) (PP with (NP (QP fewer than five) employees))))))) (VP was (NP-PRD (NP (QP almost $ 1,000) *U*) (PP per (NP worker)) , (PP compared (PP with (NP (NP (QP one-third) that amount) (PP for (NP (NP firms) (PP with (NP (QP more than 10) employees)))))))))))) .)) (TOP (S (NP-SBJ (NP The shift) (PP of (NP retailing)) (PP to (NP large shopping centers))) (VP has (VP created (NP (NP (ADJP even greater) economies) (PP of (NP scale))) (PP for (S-NOM (NP-SBJ *) (VP providing (NP low-crime business environments)))))) .)) (TOP (S (NP-SBJ-1 (NP Private security guards) and (NP moonlighting police)) (VP can (VP invoke (NP (NP the law) (PP of (NP trespass))) (S-PRP (NP-SBJ *-1) (VP to (VP regulate (NP (NP access) (PP to (NP these quasi-public places)))))))) .)) (TOP (S (PP-TMP Since (NP 1984)) , (PP in (NP fact)) , (NP-SBJ (NP revenues) (PP of (NP (NP the 10 largest guard companies) , (VP (ADVP primarily) serving (NP such big businesses)) ,))) (VP have (VP increased (PP-EXT by (NP (QP almost 62) %)))) .)) (TOP (S (NP-SBJ Few small neighborhood businesses) , (ADVP however) , (VP can (VP afford (NP such protection) , (PP even in (NP (NP collaboration) (PP with (NP other local merchants)))))) .)) (TOP (S (PP-LOC In (NP (NP the neighborhoods) (PP with (NP the highest crime rates)))) , (NP-SBJ small business) (ADVP generally) (VP relies (PP-CLR on (NP the public police force)) (PP-CLR for (NP protection))) .)) (TOP (S (NP-SBJ This) (VP creates (NP several problems)) .)) (TOP (S (NP-SBJ One) (VP is (SBAR-PRD that (S (NP-SBJ there) (VP are not (NP-PRD enough police (S (NP-SBJ *) (VP to (VP satisfy (NP small businesses))))))))) .)) (TOP (S (NP-SBJ (NP The number one proposal) (PP for (S-NOM (NP-SBJ *) (VP reducing (NP crime)))) (PP-LOC in (NP the New York survey))) (VP was (S-PRD (NP-SBJ *) (VP to (VP put (NP more police) (PP-PUT on (NP foot or scooter patrol))))) , (S-ADV (NP-SBJ *) (VP suggested (PP by (NP-LGS (NP (QP more than two-thirds)) (PP of the respondents)))))) .)) (TOP (S (NP-SBJ (QP Only 22) %) (VP supported (NP (NP private security patrols) (VP funded (NP *) (PP by (NP-LGS (NP the merchants) (NP themselves)))))) .)) (TOP (S (NP-SBJ A second problem) (VP is (NP-PRD (NP the persistent frustration) (PP of (NP (NP false alarms) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP can (VP make (S (NP-SBJ urban police) (ADJP-PRD (ADJP (ADJP less) (PP than (ADJP enthusiastic))) (PP about (S-NOM (NP-SBJ *) (VP responding (PP-CLR to (NP (NP calls) (PP from (NP small businesses))))))))))))))))) .)) (TOP (S (NP-SBJ (NP (QP Only half) the New York small businesses) (VP surveyed (NP *))) , (PP for (NP their part)) , (VP are (ADJP-PRD satisfied (PP with (NP (NP the police response) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP receive (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Some cities) , (PP including (NP New York)) ,) (VP have (VP experimented (PP-CLR with (NP (NP special tax districts) (PP for (NP (NP commercial areas) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP provide (NP (NP additional patrols) (VP funded (NP *) (PP by (NP-LGS local businesses))))))))))))) .)) (TOP (S But (NP-SBJ this) (VP raises (NP (NP added cost barriers) (PP to (NP urban entrepreneurship)))) .)) (TOP (S (NP-SBJ (NP Another solution) (SBAR (WHNP-1 0) (S (NP-SBJ cities) (VP might (VP consider (NP *T*-1)))))) (VP is (S-NOM-PRD (NP-SBJ *) (VP giving (NP special priority) (PP-DTV to (NP (NP police patrols) (PP of (NP small-business areas))))))) .)) (TOP (S (PP For (NP (NP cities) (VP losing (NP business) (PP-CLR to (NP suburban shopping centers))))) , (NP-SBJ (NP it) (S *EXP*-1)) (VP may (VP be (NP-PRD a wise business investment) (S-1 (NP-SBJ-2 *) (VP to (VP help (S (NP-SBJ *-2) (VP keep (NP those jobs and sales taxes) (PP-LOC within (NP city limits))))))))) .)) (TOP (S (NP-SBJ (NP Increased patrolling) (PP of (NP business zones))) (VP makes (NP sense) (SBAR-PRP because (S (NP-SBJ urban crime) (VP is (ADJP-PRD heavily concentrated (PP-LOC in (NP (NP such `` hot spots '') (PP of (NP pedestrian density))))))))) .)) (TOP (S (PP With (NP (NAC National Institute (PP of (NP Justice))) support)) , (NP-SBJ-1 (NP the Minneapolis police) and (NP the Crime Control Institute)) (VP are (ADVP-TMP currently) (VP testing (NP (NP the effects) (PP of (NP such a strategy))) , (S-ADV (NP-SBJ *-1) (VP comparing (NP its deterrence value) (PP-CLR with (NP traditional random patrols)))))) .)) (TOP (S (NP-SBJ Small-business patrols) (VP would (VP be (NP-PRD an (ADJP especially helpful) gesture) (SBAR-ADV (WHADVP-1 whenever) (S (NP-SBJ-2 a small-business person) (VP is (VP scheduled (S (NP-SBJ *-2) (VP to (VP testify (PP against (NP a robbery suspect)) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (SBAR-ADV While (FRAG (NP no guarantee))) , (NP-SBJ an increased police presence) (VP might (ADVP even) (VP deter (NP further attacks))) .)) (TOP (S (NP-SBJ It) (VP might (ADVP even) (VP have (VP saved (NP (NP the life , and business ,) (PP of (NP Israel Ortiz)))))) .)) (TOP (S (NP-SBJ Mr. Sherman) (VP is (NP-PRD (NP (NP a professor) (PP of (NP criminology)) (PP-LOC at (NP (NP the University) (PP of (NP Maryland))))) and (NP (NP president) (PP of (NP (NP the Crime Control Institute) (PP-LOC in (NP (NP Washington) , (NP D.C)))))))) .)) (TOP (S (NP-SBJ ENFIELD Corp.) (VP said (PP-LOC in (NP Toronto)) (SBAR that (S (NP-SBJ-1 it) (VP hopes (S (NP-SBJ *-1) (VP to (VP raise (NP (NP (QP 56 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 47.7 million) *U*) -RRB-)) (PP-MNR through (NP (NP a rights offering) (PP to (NP shareholders))))))))))) .)) (TOP (S (PP-LOC Under (NP the offer)) , (NP-SBJ shareholders) (VP can (VP purchase (NP one Enfield share) (PP-CLR at (NP (NP C$ 6.27 *U*) (PP for (NP (NP each five shares) (VP held (NP *)))))))) .)) (TOP (S (PP-LOC In (NP Toronto Stock Exchange trading)) (NP-TMP Friday) , (NP-SBJ Enfield) (VP closed (PP-CLR at (NP C$ 6.75 *U*)) , (ADVP down (NP 37.5 cents))) .)) (TOP (S (NP-SBJ The holding company) (VP said (SBAR 0 (S (NP-SBJ the rights offering) (VP should (VP (VP reduce (NP its (ADJP (QP C$ 171 million) *U*) debt) (PP-CLR to (NP `` more manageable levels '')) (PP-TMP before (NP Dec. 31))) and (VP allow (S (NP-SBJ it) (VP to (VP finance (NP (NP future investments) (PP with (NP equity capital)))))))))))) .)) (TOP (S (PP-TMP At (NP last report)) , (NP-SBJ Enfield) (VP had (NP (NP (QP about 44.5 million) shares) (ADJP outstanding))) .)) (TOP (FRAG (NP Former U.N. Ambassador Jeane Kirkpatrick) , (PP-LOC in (NP (NP a CNN `` Capital Gang '' discussion) (NP-TMP Oct. 7) (PP of (NP (NP House action) (PP on (NP federal catastrophic-illness insurance)))))) :)) (TOP (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ this repeal) (VP was (NP-PRD (NP kind) (PP of (NP a thoughtless action)))))) , (PP as (NP (NP a matter) (PP of (NP fact))))) ... .)) (TOP (S (S (NP-SBJ-1 They) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP revisit (NP this issue))))))) , and (S (NP-SBJ-2 they) (VP 'll (VP have (S (NP-SBJ *-2) (VP to (VP revisit (NP it) (PP-TMP before (NP long)))))))) .)) (TOP (S (NP-SBJ Diversification) (VP pays) .)) (TOP (S (S (NP-SBJ That) (VP 's (NP-PRD (NP a fundamental lesson) (PP for (NP investors))))) , but (S (NP-SBJ-1 its truth) (VP was (VP demonstrated (NP *-1) (ADVP-TMP once again) (PP-LOC in (NP (NP the performance) (PP of (NP mutual funds)) (PP-TMP during and after (NP (NP the stock market 's) Friday-the-13th plunge))))))) .)) (TOP (S (NP-SBJ Stock funds) , (PP like (NP (NP the market) (PP as (NP a whole)))) , (ADVP generally) (VP dropped (NP (QP more than 2) %) (PP-TMP in (NP (NP the week) (PP-TMP through (NP last Thursday)))) , (PP according (PP to (NP (NP figures) (VP compiled (NP *) (PP by (NP-LGS Lipper Analytical Services Inc))))))) .)) (TOP (S (NP-SBJ That) (VP reflects (NP (NP (NP the huge drop) (ADVP-TMP (NP a week) ago (NP-TMP Friday))) , (NP (NP last Monday 's) rebound) and (NP (NP the dips and blips) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP followed)))))) .)) (TOP (S But (NP-SBJ (NP several other types) (PP of (NP funds))) (VP shielded (NP investors) (PP from (NP (NP the worst) (PP of (NP (NP the market 's) slide))))) .)) (TOP (S (NP-SBJ (NP Funds) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP invest (ADVP-LOC internationally))))) (VP were (NP-PRD (NP the top-performing stock) and (NP fixed-income funds))) .)) (TOP (SINV `` (S-TPC-1 (NP-ADV (NP More) (PP than (NP ever))) , (NP-SBJ people) (VP should (VP realize (SBAR 0 (S (NP-SBJ they) (VP should (VP have (NP a diversified portfolio)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Jeremy Duffield) , (NP (NP a senior vice president) (PP of (NP Vanguard Group)))) .)) (TOP (S `` (NP-SBJ That) (VP means (NP (NP stocks) , (NP bonds) , (NP money market instruments) and (NP real estate))) . '')) (TOP (S (NP-SBJ (NP One week 's) performance) (VP should n't (VP be (NP-PRD (NP the basis) (PP for (NP any investment decision))))) .)) (TOP (S But (NP-SBJ the latest mutual fund performance figures) (VP do (VP show (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP can (VP happen (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the going) (VP gets (ADJP-PRD rough) (ADVP-TMP *T*-2)))))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ-1 You) (VP want (S (NP-SBJ *-1) (VP to (VP know (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ a fund) (VP did (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the market) (VP got (VP hammered (ADVP-TMP *T*-3))))) (ADVP *T*-2))))))))) , '' (VP said (S *T*-4)) (NP-SBJ (NP Kurt Brouwer) , (NP (NP an investment adviser) (PP with (NP (NP Brouwer & Janachowski) (PP-LOC in (NP San Francisco)))))) .)) (TOP (S `` (NP-SBJ It) (VP 's (PP-PRD like (S-NOM (NP-SBJ *) (VP kicking (NP (NP the tires) (PP of (NP a car))))))) ... .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ-2 you) (VP want (S (NP-SBJ *-2) (VP to (VP know (NP *T*-1))))))) (VP is (SBARQ-PRD (SBAR-TMP (SBAR (WHADVP-3 when) (S (NP-SBJ the road) (VP 's (ADJP-PRD rough) (ADVP-TMP *T*-3)))) , (SBAR (WHADVP-4 when) (S (NP-SBJ there) (VP 's (NP-PRD snow and ice) (ADVP-TMP *T*-4))))) , (WHADVP-6 how) (SQ 's (NP-SBJ-5 this car) (VP going (S (NP-SBJ *-5) (VP to (VP perform (ADVP-MNR *T*-6)))))))) ? '')) (TOP (S (NP-SBJ General equity funds) (VP fell (NP-EXT (NP an average) (PP of (NP 2.35 %))) (PP-TMP in (NP (NP the week) (VP ended (NP *) (NP-TMP-CLR Thursday)))) , (PP compared (PP with (NP (NP a (ADJP 2.32 %) slide) (PP for (NP (NP the Standard & Poor 's) 500-stock index)))))) .)) (TOP (S But (NP-SBJ (NP Lipper Analytical 's) figures) (VP show (SBAR that (S (NP-SBJ there) (VP were (NP-PRD (NP a number) (PP of (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ investors) (VP could (VP have (VP cushioned (NP themselves) (PP-CLR from (NP (NP the stock market 's) gyrations)) (ADVP-MNR *T*-1))))))))))))) .)) (TOP (S (NP-SBJ (NP Gold-oriented funds) , (PP for (NP instance)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP invest (PP-CLR in (NP (NP companies) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP mine and process (NP the precious metal))))))))) ,) (VP posted (NP (NP an average decline) (PP of (NP 1.15 %)))) .)) (TOP (S (NP-SBJ (NP Flexible portfolio funds) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP allocate (NP investments) (PP-LOC-CLR among (NP (NP stocks) , (NP bonds and money-market instruments) and (NP other investments)))))) ,) (VP declined (PP-CLR at (NP (NP (NP (QP about half) the rate) (PP of (NP stock funds))) -- (NP (NP an average drop) (PP of (NP 1.27 %))))) , (PP according (PP to (NP Lipper)))) .)) (TOP (S (NP-SBJ-1 Global allocation funds) (VP take (NP-CLR the asset-allocation concept) (ADVP-CLR (NP one step) further) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP investing (NP (NP (QP at least 25) %) (PP of (NP their portfolios))) (PP-LOC-CLR outside (NP the U.S)))))) .)) (TOP (S (NP-SBJ This) (VP gives (NP them) (NP (NP the added benefits) (PP of (NP international diversification))) -- (PP including (NP (NP a foreign-exchange boost) (PP-TMP during (NP (NP periods) , (PP like (NP the past week)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the dollar) (VP declines (PP against (NP other major currencies)) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (PP With (S-NOM (NP-SBJ all that) (VP going (PP-CLR for (NP them))))) , (NP-SBJ global flexible portfolio funds) (VP declined (NP-EXT (QP only 1.07) %) (PP-TMP in (NP (NP the week) (PP-TMP through (NP last Thursday))))) .)) (TOP (S (S But (SBAR-ADV while (S (NP-SBJ (NP the merits) (PP of (NP diversification))) (VP shine (ADVP-CLR through) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ times) (VP are (ADJP-PRD tough) (ADVP-TMP *T*-1))))))) , (NP-SBJ there) (VP 's (ADVP also) (NP-PRD (NP a price) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP pay (NP *T*-2)))))))) : (S (NP-SBJ A diversified portfolio) (ADVP-TMP always) (VP underperforms (NP an undiversified portfolio) (PP-TMP during (NP (NP those times) (SBAR (WHADVP-3 when) (S (NP-SBJ (NP the investment) (PP-LOC in (NP the undiversified portfolio))) (VP is (ADJP-PRD truly hot) (ADVP-TMP *T*-3)))))))) .)) (TOP (S And (PP (NP Friday the 13th) notwithstanding) , (NP-SBJ stocks) (VP have (VP been (NP-PRD (NP this year 's) hot investment))) .)) (TOP (S (S-TPC-1 (ADVP Thus) , (PP (ADVP even) including (NP the latest week)) , (NP-SBJ the average general stock fund) (VP has (VP soared (NP-EXT (QP more than 24) %) (NP-TMP (ADVP so far) this year)))) , (NP-SBJ the Lipper Analytical figures) (VP show (SBAR 0 (S *T*-1))) .)) (TOP (S (PP By (NP comparison)) , (NP-SBJ global asset allocation funds) (VP have (VP turned (PRT in) (NP-PRD (NP an average total return) (PP of (NP (QP about 19) %))) , (SBAR-ADV while (S (NP-SBJ domestic flexible portfolios) (VP are (ADVP-PRD up (NP (QP about 17) %))))))) .)) (TOP (S (NP-SBJ Fixed-income funds) (VP have (VP returned (NP 8.2 %) , (SBAR-ADV while (S (NP-SBJ (NP gold funds) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP tend (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD volatile))))))) ,) (VP have (VP risen (NP-EXT (QP just 4.55) %) , (PP on (NP average)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ That) (VP 's (NP-PRD (NP the problem) (PP with (S-NOM (NP-SBJ-1 *) (VP trying (S (NP-SBJ *-1) (VP to (VP hedge (ADVP too much)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ Mr. Brouwer) .)) (TOP (S `` (NP-SBJ You) (VP do n't (VP make (NP any real money))) . '')) (TOP (S-2 (PP-TMP Over (NP the last 20 years)) , (PP for (NP example)) (PRN , (S (NP-SBJ Mr. Brouwer) (VP says (S *T*-2))) ,) (NP-SBJ (NP an investor) (VP putting (NP (NP $ 5,000 *U*) (NP-ADV a year)) (PP-PUT in (NP the S&P 500)))) (VP would (VP have (VP made (NP (NP (QP nearly twice) as much) (PP than (SBAR if (S (NP-SBJ-1 it) (VP were (VP invested (NP *-1) (PP-LOC-CLR in (NP Treasury bills))))))))))) .)) (TOP (S (NP-SBJ Some equity funds) (VP did (ADJP (ADJP better) (PP than (NP others))) (PP-TMP in (NP (NP the week) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP began (PP-TMP-CLR on (NP Friday the 13th)))))))) .)) (TOP (S (NP-SBJ The (ADJP (QP $ 4 million) *U*) Monetta Fund) , (PP for (NP instance)) , (VP was (NP-PRD (NP the seventh top performing fund) (PP for (NP the week))) , (PP with (NP a (ADJP 2.65 %) return))) .)) (TOP (S (NP-SBJ Its return) (NP-TMP (ADVP so far) this year) (VP has (VP been (NP-PRD a credible 21.71 %))) .)) (TOP (S (NP-SBJ (NP The fund 's) strategy) (VP is (S-PRD (NP-SBJ *) (VP to (VP sell (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ a stock) (VP appreciates (NP-EXT (NP 30 %) (PP over (NP its cost))) (ADVP-TMP *T*-1)))))))) .)) (TOP (SINV (S-TPC-2 (PP-TMP By (NP (NP the time) (SBAR (WHADVP-1 0) (S (NP-SBJ the market) (VP plummeted (ADVP-TMP (NP 10 days) ago) (ADVP-TMP *T*-1)))))) , (NP-SBJ Monetta) (VP was (NP-PRD (NP 55 %) (PP in (NP cash)))) ,) (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Robert Bacarella) , (NP president and portfolio manager)) .)) (TOP (S (NP-TMP Last Monday) , (NP-SBJ-2 he) (VP started `` (S (NP-SBJ *-2) (VP buying (NP (NP the high-quality growth companies) (SBAR (WHNP-1 that) (S (NP-SBJ people) (VP were (VP throwing (PRT away) (NP *T*-1) (PP-CLR at (NP discount prices)))))))))) . '')) (TOP (FRAG (PP Among (NP (NP Mr. Bacarella 's) picks)) : (NP (NP Oracle Systems) , (NP Reebok International Ltd.) and (NP Digital Microwave Corp)) .)) (TOP (S (NP-SBJ (NP The fund 's) cash position) (VP is (ADVP-TMP now) (NP-PRD (NP (QP about 22) %) , (SBAR (WHNP-1 which) (S (NP-SBJ Mr. Bacarella) (VP calls (S (NP-SBJ *T*-1) `` (ADJP-PRD still bearish))))))) . '')) (TOP (S (PP Among (NP the big stock funds)) , (NP-SBJ (NP Dreyfus Fund) , (SBAR with (S (NP-SBJ (QP more than $ 2 billion) *U*) (PP-LOC-PRD in (NP assets)))) ,) (VP had (NP (NP (NP a decline) (PP of (NP (NP (QP just 1.49) %) (PP for (NP the week))))) and (NP (NP a return) (PP of (NP (NP 21.42 %) (PP for (NP the year))))))) .)) (TOP (S (NP-SBJ (NP Howard Stein) , (NP (NP chairman) (PP of (NP Dreyfus Corp.))) ,) (VP said (SBAR 0 (S (NP-SBJ the fund) (VP was (VP (VP (QP-1 about half) invested (PP-LOC-CLR-2 in (NP government bonds)) (PP-TMP on (NP Oct. 13))) , and (VP (QP=1 about 10 %) (PP-LOC-CLR=2 in (NP cash)))))))) .)) (TOP (S `` (S-TPC-1 (PP-LOC In (NP a downward market)) , (NP-SBJ bonds) (VP act (ADVP-CLR better))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ We) (ADVP-TMP still) (VP think (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD (NP a lot) (PP of (NP unsettlement))) (PP-LOC in (NP this market)))))) .)) (TOP (S (NP-SBJ We) (VP believe (SBAR 0 (S (S (NP-SBJ-1 interest rates) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP trend (ADVP-CLR lower))))))) , and (S (NP-SBJ the economy) (VP will (VP slow (PP-LOC around (NP the world)))))))) . '')) (TOP (S (NP-SBJ-1 (NP Many) (PP of (NP (NP the funds) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP did (ADVP-CLR best) (PP-TMP in (NP the last week)))))))) (VP are (VP (ADVP-MNR heavily) invested (NP *-1) (ADVP-LOC overseas)) , (S-ADV (NP-SBJ *) (VP giving (NP them) (NP (NP the benefit) (PP of (NP foreign currency translations))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the dollar) (VP is (ADJP-PRD weak) (ADVP-TMP *T*-3))))))) .)) (TOP (S (PP (PP From (NP (NP its high point) (PP-TMP on (NP (NP Thursday) , (NP Oct. 12) ,)))) (PP to (SBAR-NOM (WHADVP-1 where) (S (NP-SBJ it) (VP traded (ADVP-TMP late) (PP-LOC in (NP New York)) (ADVP-TMP (NP a week) later) (ADVP-LOC *T*-1)))))) , (NP-SBJ the dollar) (VP fell (NP-EXT (NP (NP 3.6 %) (PP against (NP the West German mark))) , (NP (NP 3.4 %) (PP against (NP the British pound))) and (NP (NP 2.1 %) (PP against (NP the Japanese yen))))) .)) (TOP (S (NP-SBJ (NP Three International Cash Portfolios funds) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP invest (ADVP almost exclusively) (PP-LOC-CLR in (NP bonds and money-market instruments)) (ADVP-LOC overseas)))) ,) (VP were (PP-PRD among (NP the four top-performing funds)) (PP-TMP in (NP the latest week))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ-1 (NP the funds ') investments) (VP are (VP denominated (NP *-1) (PP-CLR in (NP foreign currencies)))))) , (NP-SBJ (NP their value) (VP expressed (NP *) (PP-CLR in (NP dollars)))) (VP goes (ADVP-DIR up) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ those currencies) (VP rise (PP against (NP the dollar)) (ADVP-TMP *T*-2))))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the dollar) (VP rises (PP against (NP major foreign currencies)) (ADVP-TMP *T*-1)))) (PRN , (SBAR-ADV as (S (NP-SBJ it) (VP did (PP-TMP for (NP (NP much) (PP of (NP this year))))))) ,) (NP-SBJ (NP the dollar value) (PP of (NP these funds))) (VP declines) .)) (TOP (S (NP-SBJ All three funds) (VP posted (NP (NP negative returns) (PP for (NP (NP the year) (PP to (NP date)))))) .)) (TOP (S (PP Of (NP (NP the funds) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP fared (NP-CLR the worst) (PP-TMP in (NP the post-Oct . 13 week))))))) , (NP-SBJ-1 two) (VP are (VP (ADVP heavily) invested (NP *-1) (PP-CLR-LOC in (NP (NP airlines stocks) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP (VP led (NP the market slide)) (PP-TMP following (NP (NP problems) (PP with (NP financing)) (PP for (NP the UAL Corp . buy-out plan))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Reflecting (NP airline takeover activity))) , (ADVP however) , (NP-SBJ-1 both (NP the Fidelity Select Air Transportation Portfolio) and (NP the National Aviation & Technology fund)) (VP posted (NP (NP (NP better-than-average returns) (PP for (NP (NP the the year) (PP to (NP date))))) : (NP (NP (NP 30.09 %) (PP for (NP the Fidelity Air Transportation fund))) and (NP (NP a whopping 47.24 %) (PP for (NP National Aviation & Technology)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The small drop) (PP in (NP (NP equity funds) (PP in (NP general))))) (PP-TMP in (NP the latest week)) (VP may not (ADVP necessarily) (VP be (NP-PRD a good sign)))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP A. Michael Lipper) , (NP (NP president) (PP of (NP Lipper Analytical)))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Noting (SBAR that (S (NP-SBJ equity funds) (VP are (ADVP-PRD up (NP (QP nearly 60) %) (PP-TMP from (NP (NP their post-crash low) (PP-TMP on (NP Dec. 3 , 1987)))))))))) , (NP-SBJ-2 he) (VP said (SBAR that (S (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happened (NP-TMP-CLR last week)))) `` (VP may not (VP be (NP-PRD (NP enough) (PP of (NP an adjustment)))))))) .)) (TOP (S (NP-SBJ There) (VP 's (NP-PRD either (NP (NP more) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP come))))) or (NP (NP an (ADJP extremely long) period) (PP of (NP dullness))))) . '')) (TOP (S But (NP-SBJ-1 investors) (VP do n't (VP seem (S (NP-SBJ *-1) (VP to (VP think (ADVP-CLR so)))))) .)) (TOP (S (NP-SBJ Several big mutual fund groups) (VP said (NP-TMP last week) (SBAR that (S (NP-SBJ (NP cash flows) (PP into (NP stock funds))) (VP were (ADJP-PRD (ADJP heavier) (PP than (ADJP usual))) (PP-TMP after (NP (NP heavy outflows) (PP-TMP on (NP the 13th)))))))) .)) (TOP (S (NP-SBJ Vanguard Group) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (NP (NP a (ADJP (QP more than $ 50 million ) *U*) net inflow) (PP into (NP its stock funds))) (NP-TMP last week))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (ADVP certainly) (VP has n't (VP been (NP-PRD a panic reaction)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Steven Norwitz) , (NP (NP a vice president) (PP-LOC at (NP T. Rowe Price Associates)))) .)) (TOP (S `` (NP-SBJ People) (VP showed (NP (NP some staying power) and , (PP in (NP fact)) , (NP (NP interest) (PP in (S-NOM (NP-SBJ *) (VP buying (NP equities))))))) . '')) (TOP (NP (NP Source) : (NP Lipper Analytical Services Inc) .)) (TOP (X (X *) (S (NP-SBJ *) Not (VP counting (NP dividends))))) (TOP (X (X **) (PP With (S-NOM (NP-SBJ-1 dividends) (VP reinvested (NP *-1)))))) (TOP (NP (NP Sources) : (NP (NP Lipper Analytical Services Inc.) ; (NP (NP Standard & Poor 's) Corp)) .)) (TOP (S (NP-SBJ (NP Guardian Royal Exchange Assurance PLC) , (NP a major British composite insurer) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP taking (NP (NP a stake) (PP-LOC in (NP (NP Nationwide Anglia Building Society 's) estate agency business))) (PP as (NP (NP part) (PP of (NP a plan (S (NP-SBJ *) (VP to (VP create (NP (NP a range) (PP of (NP (NP commercial linkages) (PP-LOC in (NP (NP the U.K.) and (NP Europe)))))))))))))))))) .)) (TOP (S (NP-SBJ-2 Officials) (VP declined (S (NP-SBJ *-2) (VP to (VP disclose (NP (NP (NP the value) (PP of (NP the transaction))) or (NP (NP the exact stake) (SBAR (WHNP-1 that) (S (NP-SBJ GRE) (VP will (VP hold (NP *T*-1) (PP-LOC-CLR in (NP Nationwide Anglia Estate Agents)))))))))))) .)) (TOP (S But (NP-SBJ the companies) (VP said (SBAR that (S (NP-SBJ Nationwide Anglia Estate Agents) (VP will (VP market (NP GRE life insurance , pension and investment products) (PP-MNR through (NP (NP its (QP more than 1,000) retail outlets) (PP-LOC in (NP the U.K))))))))) .)) (TOP (S (PP Besides (NP the marketing agreement)) , (NP-SBJ GRE) (VP said (SBAR 0 (S (NP-SBJ-1 Nationwide Anglia) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP develop (NP life insurance products) (PP with (NP the composite insurer)))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Sitting (PP-LOC-CLR at (NP (NP the bar) (PP of (NP the Four Seasons restaurant)))))) , (NP-SBJ-1 architect William McDonough) (VP seems (ADJP-PRD oblivious (PP to (NP (NP the glamorous clientele) and (NP the elegant setting))))) .)) (TOP (S (NP-SBJ He) (VP is (VP ogling (NP (NP the curtains) (VP rippling (PP-LOC above (NP the ventilation ducts)))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ *) (VP Look (SBAR (WHNP-1 (WHADJP how much) air) (S (NP-SBJ *T*-1) (VP is (VP moving (ADVP-CLR around))))))) ! '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S `` (NP-SBJ The ventilation) (ADVP-LOC here) (VP is (ADJP-PRD great)) ! '')) (TOP (S (NP-SBJ You) (VP may (VP be (VP hearing (NP more) (PP-CLR about (NP (NP the 38-year-old Mr. McDonough) and (NP (NP his preoccupation) (PP with (NP clean air)))))))) .)) (TOP (S (PP-TMP After (NP (NP years) (PP of (NP relative obscurity)))) , (NP-SBJ-1 he) (VP is (VP starting (S (NP-SBJ *-1) (VP to (VP attract (NP (NP notice) (PP for (NP (NP (NP the ecological (NX *RNR*-2)) (CONJP as well as) (NP the aesthetic (NX *RNR*-2)) (NX-2 quality)) (PP of (NP his architecture)))))))))) .)) (TOP (S (NP-SBJ Mr. McDonough) (VP believes (SBAR that (S (NP-SBJ (NP the well-being) (PP of (NP the planet))) (VP depends (PP-CLR on (NP (NP such stratagems) (PP as (S-NOM (NP-SBJ *) (VP (VP opening (NP windows) (S-PRP (NP-SBJ *) (VP to (VP cut (NP indoor air pollution))))) , (VP tacking (ADVP down) (NP carpets) (PP instead of (S-NOM (NP-SBJ *) (VP using (NP toxic glues))))) , and (VP avoiding (NP (NP mahogany) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP comes (PP-CLR from (NP endangered rain forests)))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP has (VP put (NP (NP some) (PP of (NP his aesthetic ideas))) (PP-PUT into (NP practice)) (PP with (NP (NP (NP (NP his design) (PP of (NP the four-star Quilted Giraffe restaurant))) (PRN -- (S `` (ADJP-TPC-1 architecturally impeccable) , '' (NP-SBJ Progressive Architecture magazine) (VP called (S (NP-SBJ it) (ADJP-PRD *T*-1)))) --)) and (NP (NP his remodeling) (PP of (NP (NP Paul Stuart) , (NP the Madison Avenue clothing store)))))))) .)) (TOP (S (NP-SBJ He) (VP has (VP designed (NP (NP furniture and homes) (CONJP as well as) (NP commercial and office space)))) .)) (TOP (S (NP-SBJ He) (VP is (ADVP-TMP now) (VP designing (NP (NP a Broadway stage set) (PP for (NP (NP a show) (PP by (NP the band Kid Creole and the Coconuts))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP (ADVP really) stirs (NP his muse)))) , (ADVP though) , (VP is (NP-PRD aerobic architecture)) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ the question) (VP is : (SQ-PRD Is (NP-SBJ Poland) (ADJP-PRD ready (PP for (NP it))))) ?)) (TOP (S (NP-SBJ Mr. McDonough) (VP is (VP about (S (NP-SBJ *) (VP to (VP tackle (NP (NP his biggest clean-air challenge yet) , (NP (NP (NP the proposed Warsaw Trade Center) (PP-LOC in (NP Poland))) , (NP (NP the first such center) (PP-LOC in (NP Eastern Europe)))))))))) .)) (TOP (S (NP-SBJ The project) (VP has (ADVP-TMP already) (VP acquired (NP a certain New York cachet))) .)) (TOP (S (NP-SBJ-1 Bloomingdale 's) (VP plans (S (NP-SBJ *-1) (VP to (VP sell (NP (NP a foot-tall chocolate model) (PP of (NP the center))) (PP-TMP during (NP the holidays)))))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP the sales proceeds))) (VP will (VP go (PP-CLR to (NP (NP the Design Industries Foundation) (PP for (NP AIDS)))))) .)) (TOP (S (NP-SBJ-1 (NP A cake) (VP topped (NP *) (PP-CLR with (NP (NP a replica) (PP of (NP the center)))))) (VP will (VP be (VP auctioned (NP *-1) (PP-LOC at (NP (NP an AIDS benefit) (PP-LOC at (NP (NP Sotheby 's))))) (PP-TMP in (NP December))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 (NP Mr. McDonough 's) plans) (VP get (VP executed (NP *-2))))) , (NP-SBJ-1 (NP as much) (PP of (NP the Polish center)) (PP as (ADJP possible))) (VP will (VP be (VP made (NP *-1) (PP-CLR from (NP (NP aluminum , steel and glass) (VP recycled (NP *) (PP-CLR from (NP (NP Warsaw 's) abundant rubble)))))))) .)) (TOP (S (NP-SBJ A 20-story mesh spire) (VP will (VP stand (PP-LOC-CLR atop (NP (NP 50 stories) (PP of (NP commercial space)))))) .)) (TOP (S (NP-SBJ Solar-powered batteries) (VP will (VP make (S (NP-SBJ the spire) (ADJP-PRD glow)))) .)) (TOP (S (NP-SBJ The windows) (VP will (VP open)) .)) (TOP (S (S (NP-SBJ The carpets) (VP wo n't (VP be (VP glued (PRT down))))) , and (S (NP-SBJ-1 walls) (VP will (VP be (VP coated (NP *-1) (PP-CLR with (NP nontoxic finishes)))))) .)) (TOP (S (PP To (NP (NP the extent) (SBAR (WHADVP-1 that) (S (NP-SBJ the (ADJP (QP $ 150 million) *U*) budget) (VP will (VP allow (NP it) (ADVP-EXT *T*-1))))))) , (NP-SBJ-2 Mr. McDonough) (VP will (VP rely (PP-CLR on (NP (NP solid wood) , (PP rather than (NP plywood or particle board)) ,)) (S-PRP (NP-SBJ *-2) (VP to (VP limit (NP (NP the emission) (PP of (NP formaldehyde)))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ Mr. McDonough) (VP has (NP his way)))) , (NP-SBJ the Poles) (VP will (VP compensate (PP-CLR for (NP (NP (NP the trade center 's) emissions) (PP of (NP (NP carbon dioxide) , (NP (NP a prime suspect) (PP-LOC in (NP (NP the global atmospheric warming) (SBAR (WHNP-1 0) (S (NP-SBJ many scientists) (VP fear (NP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ The Poles) (VP would (VP plant (NP a 10-square-mile forest) (ADVP-LOC somewhere (PP in (NP the country))) (PP at (NP (NP a cost) (PP of (NP $ 150,000 *U*)))) , (PP with (S-NOM (NP-SBJ (NP the center 's) developer) (VP footing (NP the bill)))))) .)) (TOP (S (NP-SBJ The news) (VP has n't (ADVP exactly) (VP moved (S (NP-SBJ (NP others) (PP in (NP (NP Mr. McDonough 's) profession))) (VP to (VP become (NP-PRD architectural Johnny Appleseeds)))))) .)) (TOP (S-3 (S (NP-SBJ-2 All architects) (VP want (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD aware (PP of (NP (NP the ecological consequences) (PP of (NP their work)))))))))) (PRN , (SINV (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP John Burgee) , (SBAR (WHNP-1 whose New York firm) (S (NP-SBJ *T*-1) (VP is (VP designing (NP (NP the redevelopment) (PP of (NP Times Square))))))))) ,) `` (S but (NP-SBJ we) (VP ca n't (NP-ADV all) (VP carry (NP it) (PP-CLR to (NP that extreme))))) . '')) (TOP (S (NP-SBJ (NP Karen Nichols) , (NP (NP senior associate) (PP-LOC at (NP (NP (NP Michael Graves 's) architecture firm) (PP-LOC in (NP (NP Princeton) , (NP N.J.) ,)))))) (VP says : `` (S (NP-SBJ We) (VP 're (ADVP really) (PP-PRD at (NP (NP the mercy) (PP of (SBAR (WHNP-1 what) (S (NP-SBJ the construction industry) (VP can and will (VP do (NP *T*-1) (ADVP-MNR readily))))))))))) . '')) (TOP (S (NP-SBJ Mr. McDonough) (VP responds : `` (S (NP-SBJ I) (VP 'm (VP asking (NP-1 people) (S (NP-SBJ *-1) (VP to (VP broaden (NP their agendas)))))))) . '')) (TOP (S (NP-SBJ-3 (NP (NP The son) (PP of (NP (NP (NP a Seagram 's) executive) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP was (VP stationed (NP *-1) (PP-LOC-CLR in (NP (NP many countries) (PP-LOC around (NP the world))))))))))) , (NP Mr. McDonough)) (VP (VP was (VP born (PP-LOC in (NP Tokyo)))) and (VP attended (NP (NP 19 schools) (PP-LOC in (NP (NP places) (VP ranging (PP-CLR (PP from (NP Hong Kong)) (PP to (NP (NP Shaker Heights) , (NP Ohio)))))))) , (PP-TMP before (S-NOM (NP-SBJ *-3) (VP entering (NP Dartmouth College)))))) .)) (TOP (S (NP-SBJ He) (VP earned (NP (NP (NP a master 's) degree) (PP in (NP architecture))) (PP from (NP Yale))) .)) (TOP (S (NP-SBJ (NP His interest) (PP in (NP the natural environment))) (VP dates (PP-TMP-CLR from (NP his youth))) .)) (TOP (S (NP-SBJ-1 (NP He) and (NP his father)) (ADVP-TMP still) (VP spend (NP-CLR time) (NP-TMP each summer) (S-CLR (NP-SBJ *-1) (VP fly-fishing (PP-CLR for (NP salmon)) (PP-LOC in (NP Iceland))))) .)) (TOP (S-1 (S-NOM-SBJ (NP-SBJ *) (VP Living (PP-LOC-CLR in (NP Hong Kong)))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (VP made (S (NP-SBJ him) (ADJP-PRD sensitive (PP to (NP (NP the limits) (PP on (NP food , power and water supplies))))))) .)) (TOP (S (PP-LOC At (NP (NP his first school) (PP-LOC in (NP the U.S.)))) (NP-SBJ-1 he) (VP was (VP thought (S (NP-SBJ *-1) (ADJP-PRD a little strange)) (PP-PRP for (S-NOM (NP-SBJ *-1) (VP (VP shutting (PRT off) (NP open water taps)) and (VP admonishing (S (NP-SBJ his schoolmates) (VP to (VP take (NP only brief showers)))))))))) .)) (TOP (S (NP-SBJ (NP He) and (NP a Dartmouth roommate)) (VP established (NP (NP a company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP restored (NP (NP three hydroelectric power plants) (PP in (NP Vermont)))))))) .)) (TOP (S (PP-LOC At (NP Yale)) , (NP-SBJ he) (VP designed (NP (NP one) (PP of (NP (NP the first solarheated houses) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP built (NP *-1) (PP-LOC in (NP Ireland))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. McDonough 's) first professional project) (SBAR (WHNP-1 0) (S (ADVP fully) (NP-SBJ *T*-1) (VP to (VP reflect (NP his environmental ardor)))))) (VP was (NP-PRD (NP his 1986 design) (PP for (NP (NP the headquarters) (PP of (NP (NP the Environmental Defense Fund) (PP-LOC in (NP New York)))))))) .)) (TOP (S (NP-SBJ The offices) (VP took (NP (NP 10,000 square feet) (PP of (NP (NP a building) (PP with (NP (NP 14-foot ceilings) and (NP big , operable windows))))))) .)) (TOP (S (PP-TMP Since (NP the 1970s energy crisis)) , (NP-SBJ some efforts (S (NP-SBJ-1 *) (VP to (VP conserve (NP energy) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP sealing (NP buildings)))))))) (VP have (VP had (NP (NP an unintended side effect) : (NP high indoor pollution)))) .)) (TOP (S (S-PRP (NP-SBJ To) (VP reduce (NP it) (PP-LOC at (NP (NP the fund 's) building)))) , (NP-SBJ workers) (VP rubbed (NP (NP beeswax) (CONJP instead of) (NP polyurethane)) (PP-LOC on (NP (NP the floors) (PP-LOC in (NP (NP the executive director 's) office))))) .)) (TOP (S (S (NP-SBJ (NP Jute) , (CONJP rather than) (NP a synthetic material) ,) (VP lies (PP-LOC under (NP the tacked-down carpets)))) , and (S (NP-SBJ the desks) (VP are (PP-PRD of (NP (NP wood and granite) (CONJP instead of) (NP plastic))))) .)) (TOP (S (NP-SBJ The budget) (VP was (NP-PRD (QP only $ 400,000) *U*)) .)) (TOP (S `` (NP-TPC-1 (NP Athens) (PP with (NP Spartan means))) , '' (NP-SBJ Mr. McDonough) (VP says (NP *T*-1)) .)) (TOP (S (NP-SBJ (NP The fund 's) lawyers) (VP work (PP-LOC in (NP (NP an Athenian grove) (PP of (NP potted trees))))) .)) (TOP (S (NP-SBJ Economists and administrators) (VP sit (PP-LOC along (NP (NP a `` boulevard '') (PP with (NP street lamps and ficus trees))))) .)) (TOP (S (PP-LOC In (NP offices)) , (NP-SBJ triphosphorous bulbs) (VP simulate (NP daylight)) .)) (TOP (S (NP-SBJ (NP Offices) (PP with (NP outside windows))) (VP have (NP inside windows) , (ADVP too) , (S-PRP (NP-SBJ *) (VP to (VP let (PRT in) (NP more real daylight))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP proved (SBAR 0 (S (NP-SBJ a healthy office) (VP does n't (VP cost (NP more))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Frederic Krupp) , (NP (NP executive director) (PP of (NP the fund)))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ It) `` (VP (VP (ADVP really) looks (ADJP-PRD beautiful)) and (VP is (ADJP-PRD very light))) , '') (VP says (S *T*-2)) (NP-SBJ (NP Ann Hornaday) , (NP (NP a free-lance writer) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP visited (NP the office) (PP-PRP for (NP lunch meetings)))))))) .)) (TOP (S But , (NP-SBJ she) (VP says , `` (S (NP-SBJ I) (VP guess (SBAR 0 (S (NP-SBJ I) (VP did n't (ADVP really) (VP notice (NP the trees)))))))) .)) (TOP (S (ADVP Maybe) (NP-SBJ-1 they) (VP were (VP hidden (NP *-1) (PP by (NP-LGS all the people)))) . '')) (TOP (S (NP-SBJ Neither (NP the Quilted Giraffe) nor (NP the Paul Stuart renovation)) (VP reflects (NP (NP much) (PP of (NP (NP Mr. McDonough 's) environmental concern)))) .)) (TOP (S (NP-SBJ-1 The restaurant) (VP was (VP conceived (NP *-1) (PP-CLR as (NP a sparkling , crystalline `` geode)))) . '')) (TOP (S (NP-SBJ It) (VP makes (NP (NP extensive use) (PP of (NP (NP stainless steel , silver and aluminum) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP sets (PRT off) (NP (NP black granite table tops) and (NP (NP a gray terrazzo) (PP with (NP zinc-strip floors))))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP (ADVP more than) replace (NP (NP (NP the wood) (PP from (NP two English oaks))) (VP used (NP *) (PP-CLR for (NP (NP paneling) (PP-LOC at (NP Paul Stuart))))))))) , (ADVP however) , (NP-SBJ-1 (NP Mr. McDonough) and (NP friends)) (VP planted (NP 1,000 acorns) (PP-LOC around (NP the country))) .)) (TOP (S (NP-SBJ The ambitious Warsaw project) (ADVP-TMP still) (VP awaits (NP (NP approval) (PP by (NP city officials)))) .)) (TOP (S (NP-SBJ Its developer) (VP is (NP-PRD (NP a Polish American) , (NP Sasha Muniak))) .)) (TOP (S (NP-SBJ He) (VP (VP had (VP worked (PP with (NP Mr. McDonough)) (PP-LOC on (NP an earlier project)))) and (VP recruited (NP him) (PP as (NP (NP architect) (PP for (NP the trade center)))))) .)) (TOP (S (NP-SBJ The center) (VP will (VP provide (NP (NP space) (PP for (NP (NP (NP computer hardware) and (NP facsimile and other telecommunications equipment)) , (ADJP not readily accessible (PP-LOC in (NP Poland)) (ADVP-TMP now)) ,)) (PP for (NP (NP a growing number) (PP of (NP (NP Westerners) (VP doing (NP business) (PP-LOC in (NP Eastern Europe)))))))))) .)) (TOP (S (NP-SBJ Mr. McDonough) (VP thinks (PP-CLR of (NP the center)) (PP-CLR as (NP (NP (NP the `` Eiffel Tower) (PP of (NP Warsaw)) '') and (NP (NP `` a symbol) (PP of (NP (NP the resurgence) (PP of (NP Poland)))))))) . '')) (TOP (S (SBAR-ADV If (S (NP-SBJ any nation) (VP can (VP use (NP (ADJP environmentally benign) architecture))))) , (NP-SBJ it) (VP is (NP-PRD Poland)) .)) (TOP (S (NP-SBJ (NP Jessica Mathews) , (NP (NP vice president) (PP of (NP (NP World Resources Institute) (PP-LOC in (NP (NP Washington) , (NP D.C.) ,)))))) (VP says (SBAR that (S (NP-SBJ-1 (NP perhaps a quarter) (PP of (NP (NP Poland 's) soil))) (VP is (VP (ADVP too) contaminated (NP *-1) (PP for (NP safe farming)) (PP-PRP because of (NP air pollution))))))) .)) (TOP (S (NP-SBJ The pollution) (VP is (ADVP also) (VP (VP killing (NP forests)) and (VP destroying (NP (NP buildings) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP date (ADVP-TMP-CLR back) (PP-TMP-CLR to (NP the Middle Ages))))))))) .)) (TOP (S (NP-SBJ (NP The future) (PP of (NP the forest))) (VP remains (ADJP-PRD uncertain)) .)) (TOP (S (S (NP-SBJ-2 (NP (NP Mr. Muniak 's) company) , (NP Balag Ltd.) ,) (VP has (VP agreed (S (NP-SBJ *-2) (VP to (VP set (ADVP-CLR aside) (NP (NP the money) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP plant and maintain (NP it) (ADVP *T*-3)))))))))))) , but (S (NP-SBJ discussions) (VP are (ADVP-TMP still) (VP going (ADVP-CLR on) (PP-CLR over (SBAR-NOM (SBAR-LOC (WHADVP-4 where) (S (NP-SBJ *) (VP to (VP place (NP it) (ADVP-LOC *T*-4))))) and (SBAR-MNR (WHADVP-5 how) (S (NP-SBJ *) (VP to (VP ensure (SBAR that (S (NP-SBJ-1 it) (VP will (VP be (VP maintained (NP *-1) (ADVP *T*-5))))))))))))))) .)) (TOP (S (PP After (NP all)) , (NP-SBJ Mr. Muniak) (VP says , `` (SBAR 0 (S (PP-LOC in (NP Poland)) (NP-SBJ there) (VP are n't (NP-PRD (NP too many people) (ADJP worried (PP about (NP the environment)))))))) .)) (TOP (S (NP-SBJ They) (VP 're (ADJP-PRD more worried (PP about (NP (NP bread) (PP-LOC on (NP the table)))))) .)) (TOP (S (NP-SBJ (NP Pittston Co. 's) third-quarter net income) (VP (VP plunged (NP-EXT 79 %)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP the impact) (PP of (NP (NP a (ADJP prolonged and bitter) labor strike) (PP-LOC at (NP its coal operations)))))))) .)) (TOP (S (NP-SBJ Net) (VP sank (PP-DIR to (NP (NP (QP $ 3.1 million) *U*) , or (NP (NP eight cents) (NP-ADV a share)))) , (S-ADV (NP-SBJ *) (VP including (NP (NP $ 789,000 *U*) , or (NP (NP two cents) (NP-ADV a share))))) , (S-ADV (NP-SBJ *) (VP reflecting (NP a tax-loss carry-forward)))) .)) (TOP (S (PP-TMP In (NP the year-ago quarter)) , (NP-SBJ net) (VP totaled (NP (NP (QP $ 14.7 million) *U*) , or (NP (NP 38 cents) (NP-ADV a share))) , (S-ADV (NP-SBJ *) (VP including (NP (NP (QP $ 4 million) *U*) , or (NP (NP 10 cents) (NP-ADV a share))))) , (S-ADV (NP-SBJ *) (VP reflecting (NP a tax-loss carry-forward)))) .)) (TOP (S (NP-SBJ Revenue) (VP slipped (NP-EXT 0.7 %) (PP-DIR to (NP (QP $ 395.3 million) *U*)) (PP-DIR from (NP (QP $ 398.3 million) *U*))) .)) (TOP (S (NP-SBJ Pittston) (ADVP also) (VP owns (NP (NP (NP (NP Brink 's) Inc.) , (NP the security service)) , and (NP (NP Burlington Air Express) , (NP the air-freight concern)))) .)) (TOP (S (S-TPC-1 (PP In (NP (NP addition) (PP to (NP (NP expected losses) (VP tied (NP *) (PP-CLR to (NP the labor strike))))))) , (NP-SBJ the coal group) (VP has (VP spent (NP (QP almost $ 20 million) *U*) (SBAR-TMP since (S (NP-SBJ the strike) (VP began))) (PP-CLR for (NP security))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ (NP the group 's) third-quarter loss) (VP widened (PP-DIR to (NP (QP $ 9.8 million) *U*)) (PP-DIR from (NP (NP the second quarter 's) (QP $ 3.6 million) *U*))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Pittston) (VP continues (S (NP-SBJ *-1) (VP to (VP hire (NP replacement workers)))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Burlington 's) operating profit) (VP grew (PP-DIR to (NP (QP $ 9.2 million) *U*)) (PP-DIR from (NP (QP $ 3.8 million) *U*) (ADVP-TMP (NP a year) earlier)))) , (NP-SBJ Pittston) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (SBAR-ADV While (S (NP-SBJ `` (NP the tone) '' (PP of (NP domestic and international air-freight markets))) (VP remains (NP-PRD sound)))) , (NP-SBJ-2 seasonal factors) (VP are (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP hinder (NP-3 Burlington Air) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP matching (NP third-quarter results) (PP-TMP in (NP the fourth quarter))))))))))) , (NP-SBJ Pittston) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Brink 's) operating profit) (VP was (ADJP-PRD about flat (PP with (NP the year-earlier period))) , (S-ADV (NP-SBJ *) (VP reflecting (NP continued pricing and cost pressures)))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP Friday) , (NP-SBJ Pittston) (VP closed (PP-CLR at (NP (NP $ 18.50 *U*) (NP-ADV a share))) , (ADVP down (NP 12.5 cents))) .)) (TOP (SQ Does n't (NP-SBJ-1 (NP anybody) (ADVP-LOC here)) (VP want (S (NP-SBJ *-1) (VP to (VP win (NP (NP this mayor 's) race))))) ?)) (TOP (S (SBAR-ADV As (S (NP-SBJ they) (VP stumble and bumble (PP-DIR toward (NP (NP election day) (NP-TMP (NP two weeks) (PP from (NP tomorrow)))))))) , (NP-SBJ both (NP Democrat David Dinkins) and (NP Republican Rudolph Giuliani)) (VP are (PP-PRD in (NP trouble))) .)) (TOP (S (NP-SBJ (NP Mr. Dinkins) , (NP the Manhattan borough president) ,) (VP can (VP afford (NP more bumbling and stumbling) (SBAR-PRP because (S (NP-SBJ he) (VP holds (NP a comfortable 20-point lead) (PP-LOC in (NP (NP most) (PP of (NP the public-opinion polls))))))))) .)) (TOP (S But , (PP-TMP in (NP the past 10 days)) , (NP-SBJ he) (VP has (VP taken (NP (NP a series) (PP of (NP (NP body blows) (PP to (NP (NP his pride) and (NP his reputation))))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1)) (VP could (VP (ADVP-MNR adversely) affect (NP his ability (S (NP-SBJ *) (VP to (VP govern (NP this tumultuous city))))) (SBAR-ADV (SINV should (NP-SBJ he) (VP become (NP-PRD (NP New York 's) first black mayor)))))))))) .)) (TOP (S (ADVP Ordinarily) , (NP-SBJ a clever opponent) (VP would (VP find (NP (NP a way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP capitalize (PP-CLR on (NP (NP the other side 's) misfortunes)) (ADVP-MNR *T*-1)))))))) .)) (TOP (S But (NP-SBJ-2 (NP Mr. Giuliani) , (NP a celebrated prosecutor) ,) (VP has (VP had (NP (NP difficulty) (S-NOM (NP-SBJ *-2) (VP switching (PP-CLR from (NP his crime-busting , finger-pointing mode)) (PP-CLR to (NP (NP a political stance) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP suggests (SBAR 0 (S (NP-SBJ he) (VP might (VP know (NP (NP something) (PP about (S-NOM (NP-SBJ *) (VP running (NP this big , troubled city))))))))))))))))))) .)) (TOP (S And (ADVP-TMP now) , (PP-TMP at (NP the crucial moment)) , (NP-SBJ he) (VP 's (VP running (PP-CLR out (PP of (NP money))))) .)) (TOP (S (S (NP-SBJ This) (VP is (NP-PRD (NP the nation 's) biggest city))) and , (S (ADVP traditionally) , (NP-SBJ its mayor) (VP is (NP-PRD (NP the nation 's) best-known urban politician))) .)) (TOP (S (NP-SBJ Democrats) (VP hoped (SBAR that (S (NP-SBJ Mr. Dinkins) (VP could (VP become (NP-PRD a highly visible national leader)))))) .)) (TOP (S (NP-SBJ Republicans) (VP figured (SBAR (SBAR that (S (PP in (NP (NP Mr. Giuliani) , (NP (NP the nation 's) best-known prosecutor) ,)) (NP-SBJ they) (VP had (NP (NP a chance) (PP for (NP (NP a huge upset) (PP in (NP (NP the heart) (PP of (NP Democratic territory)))))))))) and (SBAR that (S (NP-SBJ they) (VP would (VP pick (PRT up) (NP a new political star))))))) .)) (TOP (S But (NP-SBJ it) (VP has n't (VP worked (PRT out) (NP-MNR that way))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Dinkins) (VP is (NP-PRD a (ADJP decent but sloppy) guy))) , '' (VP says (S *T*-2)) (NP-SBJ (NP David Garth) , (NP (NP veteran campaign consultant) (ADVP-LOC here) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (ADVP-TMP always) (VP worked (PP-CLR for (NP (NP Mayor Edward Koch) , (VP defeated (NP *) (PP by (NP-LGS Mr. Dinkins)) (PP-TMP in (NP the Sept. 12 Democratic primary))))))))))) .)) (TOP (S `` (NP-SBJ (NP The alternative) (PRN -- (NP Giuliani) --)) (VP is (ADJP-PRD ghastly)) . '')) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP guess (SBAR 0 (S (NP-SBJ we) (VP 'll (ADVP-MNR reluctantly) (VP (VP go (ADVP-CLR ahead)) and (VP (VP do (NP it)) , (VP vote (PP-CLR for (NP Dinkins)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Richard Wade) , (NP (NP a politically active professor) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP supported (NP (NP Richard Ravitch) , (NP (NP an also-ran) (PP-LOC in (NP the Democratic primary))))))))) .)) (TOP (S `` (NP-SBJ There) (VP 's (NP-PRD nothing) (PP-LOC on (NP the other side))) . '')) (TOP (SINV `` (S-TPC-2 (NP-SBJ We) (VP 're (VP picking (PRT up) (NP steam)))) , '' (VP insists (S *T*-2)) (NP-SBJ (NP Roger Ailes) , (NP (NP Mr. Giuliani 's) media consultant) , (SBAR (WHNP-1 whose last big campaign) (S (NP-SBJ-3 *T*-1) (VP helped (S (NP-SBJ *-3) (VP put (NP George Bush) (PP-PUT in (NP the White House)))))))) .)) (TOP (S (NP-SBJ He) (VP adds : (S `` (NP-SBJ It) (ADVP just) (VP has n't (VP gotten (PRT down) (PP-CLR to (NP the engine room)) (ADVP-TMP yet))))) . '')) (TOP (S But (NP-SBJ the steam) (VP may (ADVP-TMP never) (VP reach (NP the engine room))) .)) (TOP (S For , (SBAR-ADV just as (S (NP-SBJ Mr. Giuliani) (VP latches (PRT on) (PP-CLR to (NP (NP an issue) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (S (NP-SBJ Mr. Dinkins) (VP reeling)))))))))) , (NP-SBJ his campaign) (VP (ADVP-MNR desperately) needs (NP cash) (S-PRP (NP-SBJ *) (VP to (VP keep (NP (NP Mr. Ailes 's) commercials) (PP-LOC-CLR on (NP the air)) (PP-TMP beyond (NP Wednesday or Thursday)))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP help (ADVP out) (NP-TMP this week)))) , (NP-SBJ the White House) (VP is (VP dispatching (NP (NP (NAC chief (PP of (NP staff))) John Sununu) and (NP (NP three Cabinet members) -- (NP (NP (NP HUD 's) Jack Kemp) , (NP (NP Transportation 's) Samuel Skinner) and (NP (NP Treasury 's) (NP Nicholas Brady))))) , (PP according (PP to (NP (NP Peter Powers) , (NP the Giuliani campaign manager)))))) .)) (TOP (S (PP For (NP (NP Republicans) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP began (NP this campaign) (PP-MNR with (NP such high hopes))))))) , (NP-SBJ (NP all) (PP of (NP this))) (VP is (ADJP-PRD deeply frustrating)) .)) (TOP (S (NP Historically) , (NP-SBJ New York) (VP is (ADVP-TMP almost always) (PP-PRD in (NP trouble))) .)) (TOP (S But (NP-SBJ (NP the trouble) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP faces (NP *T*-1) (ADVP-TMP now) (PP-LOC under (NP Democratic rule)))))) (VP seems (ADJP-PRD (ADJP (ADJP bigger) and (ADJP more daunting)) (PP than (NP (NP anything) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP has (VP faced (NP *T*-2) (PP-TMP in (NP the past)))))))))) .)) (TOP (S (NP-TMP This year) , (NP-SBJ the city) (VP faces (NP (NP a budget deficit) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP become (ADJP-PRD even bigger) (NP-TMP next year))))))) .)) (TOP (S And (ADJP hardly surprising) , (NP-SBJ (NP many residents) (VP trying (S (NP-SBJ *) (VP to (VP cope (PP-CLR with (NP (NP the city 's) other problems))))))) (VP are (ADVP-TMP constantly) (PP-PRD on (NP edge)) , (S-ADV (NP-SBJ one ethnic group) (VP scrapping (PP-CLR with (NP another))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ People) (VP were n't (ADJP-PRD so happy) (PP-TMP in (NP the 1930s)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Thomas Lessner) , (NP (NP another local professor) and (NP (NP the biographer) (PP of (NP (NP the legendary Fiorello LaGuardia) , (NP (NP (NP the city 's) fusion mayor) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP built (NP (NP a coalition) (SBAR (WHNP-3 0) (S (NP-SBJ-4 Mr. Giuliani) (VP hopes (S (NP-SBJ *-4) (VP to (VP emulate (NP *T*-3))))))))))))))))) .)) (TOP (S `` But , (PP at (ADJP least)) , (ADVP-TMP back then) (NP-SBJ they) (VP did n't (ADVP generally) (VP direct (NP their anger) (PP-DIR at (NP each other)))) . '')) (TOP (S (NP-SBJ (NP The 62-year-old Mr. Dinkins) , (NP an ex-Marine) ,) (VP has (VP served (PP-CLR (PP as (NP the city clerk)) and (PP as (NP (NP Manhattan borough president) , (NP (NP a job) (PP with (NP limited executive responsibilities)))))))))) (TOP (SINV -LRB- `` (S-TPC-1 (NP-SBJ I) (VP defy (S (NP-SBJ you) (VP to (VP come (ADVP up) (PP with (NP (NP one major accomplishment) (PP of (NP David Dinkins))))))))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Giuliani) . -RRB-)) (TOP (S (NP-SBJ He) (VP defeated (NP the contentious Mr. Koch) (PP-LOC in (NP the Democratic primary)) (SBAR-PRP partly because (S (NP-SBJ-1 he) (VP seemed (S (NP-SBJ *-1) (VP to (VP offer (NP hope (SBAR 0 (S (NP-SBJ he) (VP could (VP heal (NP (NP the city 's) racial and ethnic wounds))))))))))))) .)) (TOP (S (NP-SBJ His general-election campaign) (VP is (UCP-PRD (ADJP almost Reagan-like) , (NP (NP all muted pictures) and (NP comforting words)))) .)) (TOP (S (NP-SBJ His theme) (VP is (NP-PRD (NP unity , decency , humanity ,) (VP bringing (NP New York) (ADVP-CLR together) (ADVP-TMP again)))) .)) (TOP (S (S (NP-SBJ Both candidates) (VP are (VP negotiating (PP-CLR about (S-NOM (NP-SBJ *) (VP holding (NP debates))))))) , but (S (NP-SBJ-1 Mr. Dinkins) (VP is (ADVP-LOC widely) (VP seen (NP *-1) (PP-CLR as (NP (NP the major obstacle) (PP for (S-NOM (NP-SBJ *) (VP scheduling (NP them))))))))) .)) (TOP (S (NP-SBJ-1 The 45-year-old Mr. Giuliani) (VP has (VP run (NP a negative campaign) (S-PRP (NP-SBJ *-1) (VP to (VP pick (PRT up) (NP (NP votes) (VP leaning (PP-CLR to (NP Mr. Dinkins))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 He) (VP 's (VP got (S (NP-SBJ *-1) (VP to (VP get (NP (NP Dinkins 's) negatives) (PRT up))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Lee Miringoff) , (NP (NP director) (PP of (NP (NP the Marist College Institute) (PP of (NP Public Opinion)))))) .)) (TOP (S `` But (NP-SBJ our polls) (VP show (SBAR 0 (S (NP-SBJ voters) (VP do n't (VP like (NP the attack stuff)))))) .)) (TOP (S (INTJ Why) , (NP-SBJ (NP (QP even 20) %) (PP of (NP the Republican vote))) (VP is (VP going (PP-DIR to (NP Dinkins)))) . '')) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD assault-weapons politics))) , '' (VP says (S *T*-1)) (NP-SBJ-2 (NP John Siegal) , (NP (NP Mr. Dinkins 's) issues director)) , (S-ADV (NP-SBJ *-2) (VP insisting (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP a strong racist undertone) (PP to (NP the Giuliani effort)))))))) .)) (TOP (S (PP For (NP the Giuliani forces)) , (NP-SBJ it) (VP 's (NP-PRD a conundrum)) .)) (TOP (S (PP On (NP the one hand)) , (NP-SBJ-1 Mr. Giuliani) (VP wants (S (NP-SBJ *-1) (VP to (VP cut (PP-CLR into (NP (NP Mr. Dinkins 's) credibility)))))) .)) (TOP (S (PP On (NP the other)) , (NP-SBJ-1 he) (VP seeks (S (NP-SBJ *-1) (VP to (VP convince (NP voters) (SBAR 0 (S (NP-SBJ-3 he) (VP 's (UCP-PRD (NP the new Fiorello LaGuardia) -- (ADJP (ADJP affable) , (ADJP good-natured) and (ADJP ready (S (NP-SBJ *-3) (VP to (VP lead (NP New York) (PP-DIR out (PP of (NP (NP the mess) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP 's (PP-PRD in (NP *T*-2))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP has n't (VP helped (SBAR-1 (SBAR that (S (NP-SBJ he) (VP 's (VP (VP waffled (PP-CLR on (NP (NP abortion) and (NP gay rights)))) , (VP sought (NP (NP the support) (PP of (NP both the Liberal and Conservative parties))) (PRN -LRB- (S (NP-SBJ he) (VP won (NP the Liberal endorsement))) -RRB-)))))) and (SBAR that (S (NP-SBJ he) (VP turned (PP-CLR to (NP comedian Jackie Mason)) (PP for (NP (NP help) (PP with (NP Jewish voters)))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Mason) (VP left (NP the campaign) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP telling (NP reporters) (SBAR 0 (S (NP-SBJ Mr. Dinkins) (VP is (NP-PRD (NP `` a fancy'shvartzer ') (PP with (NP a moustache)))))))))) . '')) (TOP (S (NP-SBJ Shvartzer) (VP is (NP-PRD (NP a derogatory Yiddish word) (PP for (NP a black person)))) .)) (TOP (S (NP-SBJ Mr. Dinkins) (VP concedes (NP nothing) (PP in (NP his ability (S (NP-SBJ *) (VP to (VP stumble and bumble)))))) .)) (TOP (S (NP-SBJ He) (VP can (VP match (NP Jackie Mason) (PP-CLR with (NP (NP his own Robert `` Sonny '' Carson) , (NP (NP an angry street organizer) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP was (VP convicted (NP *-1) (PP-CLR of (NP kidnapping)) (PP-TMP in (NP 1974))))))))))) .)) (TOP (S (NP-SBJ-1 The Dinkins campaign) (VP paid (NP Mr. Carson) (NP (QP close to $ 10,000) *U*) (S-PRP (NP-SBJ *-1) (VP to (VP get (PRT out) (NP the vote) (PP-TMP on (NP primary-election day)))))) .)) (TOP (S (NP-SBJ (NP Paper work) (PP on (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ-1 it) (VP was (VP spent (NP *-1) (ADVP *T*-2))))))) (VP is (ADJP-PRD incomplete)) .)) (TOP (S (NP-SBJ-1 Mr. Carson) (VP has (VP been (VP charged (NP *-1) (PP-CLR with (S-NOM (NP-SBJ *-1) (VP being (ADJP-PRD anti-Semitic))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Asked (PP-CLR about (NP that)) (NP-TMP the other day))) , (NP-SBJ-1 he) (VP replied , `` (ADJP Anti-Semitic)) ?)) (TOP (S (NP-SBJ I) (VP 'm (ADJP-PRD anti-white)) . '')) (TOP (SINV (ADJP-PRD-TPC-1 More troubling (PP for (NP Mr. Dinkins))) (VP is (ADJP-PRD *T*-1)) (NP-SBJ (NP his record) (PP in (NP personal accounting))) .)) (TOP (S (NP-SBJ It) (VP began (PP-TMP-CLR in (NP (NP 1973) , (SBAR (WHADVP-2 when) (S (S (NP-SBJ-1 he) (VP was (VP being (VP considered (NP *-1) (PP-CLR for (NP deputy mayor)))))) , and (S (NP-SBJ a routine check) (VP unearthed (NP the extraordinary fact (SBAR that (S (NP-SBJ he) (VP had n't (VP paid (NP his income tax) (PP-TMP for (NP the previous four years))))))))) (ADVP-TMP *T*-2)))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 I) (VP was (ADVP-TMP always) (VP going (S (NP-SBJ *-1) (VP to (VP do (NP it) (NP-TMP tomorrow))))))) , '' (NP-SBJ he) (VP explained (SBAR 0 (S *T*-2)) (PP-TMP at (NP the time))) .)) (TOP (S And (ADVP-TMP now) (NP-SBJ-1 he) (VP 's (VP (ADVP-MNR busily) trying (S (NP-SBJ *-1) (VP to (VP explain (NP (NP an arrangement) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ he) (VP sold (NP (NP stock) (PP-LOC in (NP (NP Inner City Broadcasting Co.) , (VP headed (NP *) (PP by (NP-LGS (NP his old friend and patron) , (NP Percy Sutton) ,)))))) (PP-DTV to (NP (NP his son) , (NP David Dinkins Jr.) ,)) (PP for (NP $ 58,000 *U*)) (PP *T*-2)))))))))) .)) (TOP (S (NP-SBJ He) (VP had (VP valued (NP the shares) (PP-CLR at (NP (QP more than $ 1 million ) *U*)) (ADVP-TMP (NP two years) earlier))) .)) (TOP (S (NP-SBJ-1 He) (VP says (SBAR 0 (S (NP-SBJ he) (VP sold (NP the stock) (S-PRP (NP-SBJ *-1) (VP to (VP avoid (NP (NP conflict-of-interest problems) (PP in (NP (NP his role) (PP as (NP (NP a voting member) (PP of (NP (NP (NP the city 's) Board) (PP of (NP Estimate)))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ his son) (VP has n't (VP paid (PP-CLR for (NP the shares))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP looks (PP-PRD like (NP serious tax evasion)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Ailes) , (NP the Giuliani media consultant)) .)) (TOP (S `` (NP-SBJ It) (VP follows (NP (NP the same pattern) (PP as (NP his tax returns)))) .)) (TOP (S (NP-SBJ-1 He) (VP waits (S (NP-SBJ *-1) (VP to (VP talk (PP-CLR about (NP it))))) (PP-TMP until (SBAR-TMP after (S (NP-SBJ he) (VP gets (VP caught)))))) . '')) (TOP (SINV `` (S-TPC-2 (NP-SBJ He) (ADVP simply) (VP has n't (VP explained (SBAR-NOM (WHADVP-1 why) (S (NP-SBJ (NP something) (ADJP worth (NP a million dollars))) (VP ended (PRT up) (ADJP-PRD worth (NP $ 58,000 *U*)) (ADVP-TMP (NP two years) later) (ADVP-PRP *T*-1))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Powers) , (NP the Giuliani campaign manager)) .)) (TOP (S `` (NP-SBJ It) (VP 's (ADJP-PRD ludicrous (SBAR for (S (NP-SBJ him) (VP to (VP suggest (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD (NP the difference) (PP between (NP (NP (NP the'breakup ' value) (PP of (NP the shares))) and (NP their market value))))))))))))) . '')) (TOP (S (ADVP-TMP So far) (ADVP though) , (NP-SBJ-3 (NP no one) (PRN -- (NP not even former U.S. attorney Giuliani) --)) (VP has (VP been (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP pinpoint (SBAR-NOM (SBAR (WHNP-1 just what law) (S (NP-SBJ Mr. Dinkins) (VP has (VP broken (NP *T*-1))))) or (SBAR (WHNP-2 just what tax) (S (NP-SBJ he) (VP has (VP evaded (NP *T*-2)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The crime) (VP goes (PP-PRD to (NP character)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Ron Maiorana) , (NP (NP a consultant) (PP to (NP the Giuliani campaign)))) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD serious stuff)) .)) (TOP (S (NP-SBJ He) (VP evades and ducks) .)) (TOP (S (S (NP-SBJ He) (VP 's (VP had (NP (NP a history) (PP of (NP deception)))))) and (S (NP-SBJ this) (VP is (NP-PRD the latest chapter))) . '')) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP makes (S (NP-SBJ people) (VP think , (S (ADVP maybe) (NP-SBJ this guy) (VP is n't (ADJP-PRD so squeaky clean) (PP after (NP all)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Garth) , (NP (NP Mayor Koch 's) media consultant)) .)) (TOP (S `` (NP-SBJ-1 The result) (VP may (VP turn (PRT out) (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD (ADJP a lot closer) (SBAR than (S (NP-SBJ people) (VP think (ADJP-PRD *?*)))))))))) .)) (TOP (S (NP-SBJ-1 (NP The long-running scandal) (VP surrounding (NP (NP the 1982 collapse) (PP of (NP Banco Ambrosiano))))) (VP was (VP reignited (NP *-1) (PP by (NP-LGS (NP the arrest) (NP-TMP last week) (PP of (NP Rome businessman Flavio Carboni)) (PP on (NP fraud charges)))))) .)) (TOP (S (NP-SBJ Rome magistrates) (VP accuse (NP-2 (NP Mr. Carboni) and (NP several other people)) (PP-CLR of (S-NOM (NP-SBJ-1 *-2) (VP trying (S (NP-SBJ *-1) (VP to (VP extort (NP (NP (QP 1.2 billion) lire) (PRN -LRB- (NP $ 880,000 *U*) -RRB-)) (PP-CLR from (NP the Vatican)) (PP in (NP (NP return) (PP for (NP (NP documents) (VP contained (NP *) (PP-LOC in (NP (NP the briefcase) (PP of (NP (NP Roberto Calvi) , (NP (NP the Ambrosiano chairman) (VP found (S (NP-SBJ *) (VP hanged (PP-LOC under (NP (NP London 's) (NP Blackfriar 's) Bridge)) (PP-TMP shortly before (NP (NP the bank 's) collapse)))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Banco Ambrosiano) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP Italy 's) largest private-sector bank)))) ,) (VP collapsed (PP-TMP in (NP 1982)) (PP with (NP (NP (QP $ 1.3 billion) *U*) (PP of (NP debts))))) .)) (TOP (S (NP-SBJ-3 (NP Most) (PP of (NP the money))) (VP was (VP lent (NP *-3) (PP-DTV to (NP (NP a series) (PP of (NP (NP shell companies) (PP-LOC in (NP Panama and Luxembourg)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were (VP owned (NP *-1) , (ADVP directly or indirectly) , (PP by (NP-LGS the Vatican bank)))))))))))) .)) (TOP (S (NP-SBJ (NP The Vatican) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP denies (NP any wrongdoing)))) ,) (VP paid (NP (QP $ 250 million) *U*) (PP-DTV to (NP (NP the Milan bank 's) creditors)) (PP as (NP a `` goodwill gesture '')) (PP-TMP in (NP 1985))) .)) (TOP (S (NP-SBJ Italian news reports) (VP said (SBAR 0 (S (NP-SBJ (NP Mr. Carboni) and (NP a colleague)) (VP obtained (NP (NP (QP 1.2 billion) lire) (PP in (NP checks))) (PP-CLR from (NP (NP a Vatican official) , (NP Pavel Hnilica))))))) .)) (TOP (S (NP-SBJ Italian papers) (VP speculated (SBAR 0 (S (NP-SBJ the briefcase) (VP contained (NP (NP papers) (VP either (VP exonerating (NP the Vatican bank) (PP-CLR from (NP (NP blame) (PP in (NP the scandal))))) , or (VP showing (SBAR that (S (NP-SBJ (NP the bank) , (VP known (NP *) (PP-CLR as (NP the Istituto per le Opere di Religione))) ,) (VP channeled (NP funds) (PP-DIR to (NP (NP East bloc groups) (PP such as (NP (NP Solidarity) (PP-LOC in (NP Poland)))))))))))))))) .)) (TOP (S (NP-SBJ-1 Neither (NP Mr. Hnilica) , (NP Mr. Carboni) nor (NP Vatican officials)) (VP could (VP be (VP reached (NP *-1) (PP-CLR for (NP comment)) (PP-TMP over (NP the weekend))))) .)) (TOP (S (NP-SBJ This business trust company) (VP said (SBAR 0 (S (NP-SBJ its board) (VP elected (NP (NP Kieran E. Burke) , (NP (NP a consultant) (PP to (NP Drexel Burnham Lambert Group Inc.))) ,) (PP-CLR (PP as (NP (NP chief executive officer) , (NP a new post) ,)) and (PP as (NP president))))))) .)) (TOP (S (NP-SBJ Mr. Burke) (VP succeeds (NP (NP Richard D. Manley) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP remain (PP-PRD as (NP (NP a consultant) (PP to (NP the company)))))))))) .)) (TOP (S (NP-SBJ-1 Both men) (VP were (ADJP-PRD unavailable (S (NP-SBJ *-1) (VP to (VP comment))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP named (S (NP-SBJ (NP Michael E. Gellert) , (NP (NP a director) and (NP a major shareholder)) ,) (VP to (VP fill (NP (NP the vacant seat) (PP of (NP chairman))))))) .)) (TOP (S (NP-SBJ (NP Britain 's) Serious Fraud Office) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP investigate (NP (NP the circumstances) (VP surrounding (NP (NP alleged phantom contracts) (PP-LOC at (NP (NP Ferranti International Signal PLC 's) International Signal & Control unit)))))))))) .)) (TOP (S (NP-SBJ (NP The investigation) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP coordinated (NP *-1) (PP-CLR with (NP (NP one) (PP-LOC (ADVP already) under (NP (NP way) (PP-LOC in (NP the U.S.))))))))))) ,) (VP follows (NP (NP the discovery) (PP of (SBAR-NOM (WHNP-3 what) (S (NP-SBJ Ferranti) (VP has (VP called (S (NP-SBJ *T*-3) (NP-PRD (NP a `` serious '' fraud) (VP involving (NP its U.S. subsidiary))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP International Signal & Control) , (NP-LOC (NP Lancaster) , (NP Pa.)) ,) (NP a defense-equipment manufacturer) ,) (VP was (VP bought (NP *-1) (PP by (NP-LGS Ferranti)) (PP-TMP in (NP 1987)) (PP-CLR for (NP (NP (QP # 420 million) *U*) (PRN -LRB- (NP (QP $ 670.3 million) *U*) -RRB-))))) .)) (TOP (S (NP-SBJ Ferranti) (VP has (VP said (SBAR that (S (NP-SBJ-1 it) (VP would (VP be (VP forced (S (NP-SBJ *-1) (VP to (VP write (PRT off) (NP (QP # 185 million) *U*) (PP against (NP the phantom contracts)) , (S-ADV (NP-SBJ *) (VP reducing (NP its net asset value) (PP-CLR by (NP (QP more than half))))))))))))))) .)) (TOP (S (NP-SBJ (NP The Serious Fraud Office) , (NP (NP a division) (PP of (NP (NP London 's) Metropolitan Police)) (ADJP responsible (PP for (S-NOM (NP-SBJ *) (VP investigating (NP financial crimes)))))) ,) (VP said (SBAR 0 (S (NP-SBJ its work) (VP would (VP take (PRT in) `` (NP (NP allegations) (PP of (NP (NP fraud) (UCP-TMP (ADVP prior (PP to (NP *RNR*-1))) , (VP surrounding (NP *RNR*-1)) and (ADJP subsequent (PP to (NP *RNR*-1))) (NP-1 the merger)))))))))) . '')) (TOP (S (NP-SBJ Ferranti) (VP said (SBAR (SBAR that (S (NP-SBJ it) (VP welcomes (NP the investigation)))) and (SBAR that (S (NP-SBJ it) (VP will `` (VP cooperate (ADVP fully))))))) . '')) (TOP (S (NP-SBJ (NP Derek Alun-Jones) , (NP (NP Ferranti 's) chairman) ,) (VP has (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP hoped (S (NP-SBJ *-1) (VP to (VP pursue (NP (NP legal action) (PP against (NP (NP those) (ADJP responsible)))))))))))) .)) (TOP (S (NP-SBJ The British defense electronics group) (VP has (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP (VP will (VP sell (NP (NP (QP # 100 million) *U*) (PP in (NP assets))))) and (VP may (VP seek (NP a merger) (S-PRP (NP-SBJ *-1) (VP to (VP strengthen (NP itself) (PP-TMP in (NP (NP the wake) (PP of (NP its troubles)))))))))))))) .)) (TOP (S (NP-SBJ Chicago businessmen (NX (NX Bertram M. Lee) and (NX Peter Bynoe))) (VP signed (NP a new agreement (S (NP-SBJ *) (VP to (VP purchase (NP the Denver Nuggets basketball team))))) , but (PP-CLR not as (NP principal owners))) .)) (TOP (S (PP-TMP On (NP Saturday)) , (NP-SBJ the partners) (VP said (SBAR 0 (S (NP-SBJ-1 the team) (VP would (VP be (VP purchased (NP *-1) (PP-CLR for (NP (QP $ 54 million) *U*)) (PP by (NP-LGS (NP a new group) (PP including (NP (NP Comsat Video Enterprises Inc.) , (NP (NP (NP a unit) (PP of (NP Communications Satellite Corp.))) (VP based (NP *) (ADVP-LOC-CLR here))))))))))))) .)) (TOP (S (NP-SBJ Comsat Video) (VP will (VP pay (NP (QP $ 17 million) *U*) (PP-CLR for (NP a (ADJP 62.5 %) interest)) , (PP with (S-NOM (NP-SBJ Messrs. Lee and Bynoe) (VP putting (PRT up) (NP (QP $ 8 million) *U*) (PP-CLR for (NP (NP a (ADJP 37.5 %) stake) (PP-LOC in (NP the team))))))))) .)) (TOP (S (PP-LOC Under (NP (NP terms) (PP of (NP the sale)))) , (NP-SBJ Nuggets owner Sidney Shlenker) (VP could (VP receive (NP (NP (QP up to $ 11 million) *U*) (PP in (NP additional payments))) (PP-CLR from (NP (NP the franchise 's) future earnings)))) .)) (TOP (S (NP-SBJ Messrs. Lee and Bynoe) (NP-TMP last July) (VP announced (NP (NP a deal) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP have (VP made (S (NP-SBJ them) (NP-PRD (NP the first black principal owners) (PP of (NP a major professional sports franchise))))))))))) .)) (TOP (S But (NP-SBJ the deal) (VP fell (ADVP-CLR apart) (NP-TMP last week) (PP for (NP (NP lack) (PP of (NP financing))))) .)) (TOP (S (NP-SBJ-1 Comsat Video) (VP is (VP headed (NP *-1) (PP by (NP-LGS (NP Robert Wussler) , (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP resigned (NP (NP his No. 2 executive post) (PP with (NP Turner Broadcasting System Inc.))) (ADVP-TMP (NP just two weeks) ago) (S-PRP (NP-SBJ *-3) (VP to (VP take (NP the Comsat position))))))))))) .)) (TOP (S (NP-SBJ-2 (NP Comsat Video) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP distributes (NP pay-per-view programs) (PP-CLR to (NP hotel rooms))))) ,) (VP plans (S (NP-SBJ *-2) (VP to (VP add (NP Nuggets games) (PP-CLR to (NP their offerings))))) , (SBAR-ADV as (S (NP-SBJ Mr. Turner) (VP did (ADVP successfully) (PP with (NP his Atlanta Hawks and Braves sports teams)))))) .)) (TOP (S (NP-SBJ Messrs. Lee and Bynoe) (VP will (VP manage (NP (NP the Nuggets ') day-today affairs))) .)) (TOP (S (NP-SBJ Royal Business Group Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP filed (NP-CLR suit) (PP-LOC in (NP (NP federal court) (ADVP-LOC here))) (S-ADV (NP-SBJ *-1) (VP charging (NP-2 (NP Realist Inc.) and (NP its directors)) (PP-CLR with (S-NOM (NP-SBJ-3 *-2) (VP violating (NP federal securities laws) `` (PP-MNR by (S-NOM (NP-SBJ *-3) (VP engaging (PP-CLR in (NP a scheme (S (NP-SBJ *) (VP to (VP prevent '' (NP-4 Royal) (PP from (S-NOM (NP-SBJ *-4) (VP acquiring (NP Realist))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Royal) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes and distributes (NP business forms)))) ,) (VP owns (NP (NP an (ADJP 8 %) stake) (PP-LOC in (NP Realist)))) .)) (TOP (S (NP-SBJ Royal) (VP contends (SBAR that (S (NP-SBJ-1 Realist) (VP failed (S (NP-SBJ *-1) (VP to (VP disclose (NP (NP material information) , (PP including (NP (NP Realist 's) negotiations (S (NP-SBJ *) (VP to (VP acquire (NP Ammann Laser Technik AG)))))) ,) (PP-CLR to (NP stockholders)) (PP-TMP prior (PP to (NP (NP Realist 's) June 6 annual meeting)))))))))) .)) (TOP (S (NP-SBJ (NP Royal 's) suit) (VP contends (SBAR that (S (NP-SBJ-1 the Ammann acquisition) (VP was `` (VP designed (S (NP-SBJ *-1) (VP to (VP (VP entrench (NP management)) and (VP thwart (NP (NP Royal 's) offer)))))))))) . '')) (TOP (S (NP-SBJ Royal) (VP withdrew (NP its offer (S (NP-SBJ *) (VP to (VP buy (NP (NP Realist) , (NP (NP (NP a maker) (PP of (NP optical and electronic products))) (VP based (NP *) (PP-LOC-CLR in (NP (NP Menomonee Falls) , (NP Wis.) ,))))) (PP-CLR for (NP (NP $ 14.06 *U*) (NP-ADV a share))) (PP-TMP in (NP July)))))) (SBAR-TMP after (S (NP-SBJ Realist) (VP disclosed (NP the Ammann purchase))))) .)) (TOP (S (NP-SBJ The suit) (VP seeks `` (PP-CLR in (NP (NP excess) (PP of (NP (NP $ 350,000 *U*) (PP in (NP damages))))))) . '')) (TOP (S (NP-SBJ A Realist official) (VP said (SBAR 0 (S (NP-SBJ the company) (VP (VP had n't (ADVP-TMP yet) (VP received (NP the full complaint))) and (VP would n't (VP have (NP a response) (SBAR-TMP until (S (NP-SBJ it) (VP had (NP an opportunity (S (NP-SBJ *) (VP to (VP review (NP it)))))))))))))) .)) (TOP (S (NP-SBJ (NP Winnebago Industries Inc.) , (VP battered (NP *) (PP by (NP-LGS (NP a deepening slowdown) (PP-LOC in (NP recreational vehicle industry sales))))) ,) (VP (VP reported (NP a widened fourth-quarter loss)) and (VP slashed (NP its dividend) (PP-CLR in (NP half)))) .)) (TOP (S (NP-SBJ (NP The (NAC-LOC Forest City , Iowa ,) maker) (PP of (NP motor homes))) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (NP (NP a loss) (PP of (NP (NP (QP $ 11.3 million) *U*) , or (NP (NP 46 cents) (NP-ADV a share))))) , (PP-TMP in (NP (NP the quarter) (VP ended (NP *) (NP-TMP-CLR Aug. 26)))))))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (NP-SBJ the company) (VP had (NP (NP a deficit) (PP of (NP (NP (QP $ 1.5 million) *U*) , or (NP (NP six cents) (NP-ADV a share)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The cut) (PP-LOC in (NP the dividend)) (PP (PP to (NP (NP 10 cents) (NP-ADV a share) (ADVP-TMP semiannually))) , (PP from (NP 20 cents)) ,)) `` (VP would (VP indicate (PP to (NP me)) (SBAR 0 (S (NP-SBJ they) (VP do n't (VP see (S (NP-SBJ-2 the problems) (VP being (NP *-2) (VP fixed (ADVP-MNR real quick)))))))))) , '') (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Frank Rolfes) , (NP (NP an analyst) (PP-LOC at (NP (NP Dain Bosworth Inc.) (PP-LOC in (NP Minneapolis)))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ Winnebago) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP started `` (NP several promotional programs) '' (S-PRP (NP-SBJ *-1) (VP to (VP spur (NP retail sales)))) (PP-TMP in (NP the fall and winter)))))) .)) (TOP (S (NP-SBJ The year) (VP was (ADVP-TMP already) (VP shaping (ADVP up) (PP-CLR as (NP (NP a difficult one) (PP for (NP (NP the recreational vehicle industry) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP (NP products) (PP such as (NP (NP motor homes) , (NP travel trailers) , (NP folding campers) and (NP van conversions))))))))))))) .)) (TOP (S (PP With (NP (NP the exception) (PP of (NP van conversions)))) , (NP-SBJ the industry) (VP has (VP seen (NP (NP a decline) (PP from (NP (NP 1988 's) robust sales))))) .)) (TOP (S But (NP-SBJ (NP the rate) (PP of (NP the decline))) (VP snowballed (PP-TMP in (NP August)) , (PP with (NP (NP unit sales) (PP to (NP dealers)) (PP for (NP the month)) (ADVP down (NP 10.5 %) (PP-TMP from (ADVP (NP a year) earlier))))) , (PP according (PP to (NP the Recreation Vehicle Industry Association)))) .)) (TOP (S (PP-LOC At (NP Winnebago)) , (NP-SBJ (NP sales) (PP for (NP the quarter))) (VP fell (NP-EXT 6 %) (PP-DIR to (NP (QP $ 89.5 million) *U*)) (PP-DIR from (NP $ (QP 95.4 million) *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ The company) (VP attributed (NP the decline) (PP-CLR to (NP (NP (NP consumers ') concern) (PP over (NP (NP interest rates and gas prices) -- (NP (NP two key expenses) (PP for (NP RV buyers)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP 's (NP-PRD a large-ticket discretionary purchase))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Robert Curran) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP follows (NP the industry) (PP for (NP Merrill Lynch & Co)))))) .)) (TOP (S `` (ADVP So) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ there) (VP 's (NP-PRD (NP talk and concern) (PP about (NP the economy))) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP 's (ADJP-PRD not unreasonable) (SBAR-2 for (S (NP-SBJ (NP a portion) (PP of (NP the buying public))) (VP to (VP defer (NP purchases)))))) . '')) (TOP (S (NP-SBJ Mr. Curran) (VP expects (S (NP-SBJ (NP industry RV sales) (PP for (NP (NP all) (PP of (NP 1989))))) (VP to (VP fall (NP-EXT (QP about 5) %) (PP-TMP from (NP (NP 1988) , (SBAR (WHADVP-1 when) (S (NP-SBJ (NP sales) (PP of (NP 427,300 units))) (VP were (NP-PRD (NP the highest) (PP-TMP since (NP 1978))) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S And (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ the weakness) (VP could (VP continue (PP-TMP-CLR in (NP (NP the first half) (PP of (NP next year))))))))) .)) (TOP (S But (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ the industry) (VP has `` (NP a good decade) (ADVP-TMP ahead) , '' (SBAR-ADV particularly if (S (NP-SBJ-1 aging baby boomers) (VP fulfill (NP (NP the industry 's) dreams) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP buying (NP RVs))))))))))) .)) (TOP (S (NP-SBJ-1 Winnebago) (VP was (VP hit (NP *-1) (ADVP-MNR especially hard) (PP-TMP in (NP the latest downturn)) (SBAR-PRP because (S (NP-SBJ (NP unit sales) (PP-LOC in (NP its bread-and-butter motor home business))) (VP tumbled (NP-EXT (NP (NP 25 %) (ADVP-LOC industrywide) (PP-TMP in (NP August))) , and (NP (NP 10.4 %) (PP-TMP in (NP (NP the first eight months) (PP of (NP the year))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP also) (VP suffered (PP-TMP in (NP the quarter)) (PP-CLR from (NP (NP incentive programs) , (NP (NP losses) (PP from (S-NOM (NP-SBJ *) (VP discontinuing (NP a motor home line))))) and (NP (NP costs) (PP of (S-NOM (NP-SBJ *) (VP developing (NP a new commercial vehicle))))) , (PP among (NP other things)))))))) .)) (TOP (S (NP-SBJ The news) (VP sent (S (NP-SBJ Winnebago stock) (VP falling (NP-EXT 62.5 cents) , (PP-DIR to (NP $ 5.25 *U*)) , (PP-LOC in (NP New York Stock Exchange (NP composite trading))) - (NP-ADV a 52-week low)))) .)) (TOP (S (NP-SBJ The dividend cut) (VP will (VP prove (ADJP-PRD most costly (PP for (NP (NP John K. Hanson) , (NP (NP Winnebago 's) founder and chairman)))))) .)) (TOP (S (PP Based (PP on (NP (NP his control) (PP of (NP (NP (QP about 45) %) (PP of (NP (NP Winnebago 's) (QP 24.7 million) shares))))))) , (NP-SBJ-1 his annual dividend income) (VP would (VP be (VP cut (NP *-1) (PP-DIR to (NP (QP about $ 2.2 million) *U*)) (PP-DIR from (NP (QP $ 4.4 million) *U*))))) .)) (TOP (S (PP-TMP For (NP the year)) , (NP-SBJ Winnebago) (VP had (NP (NP a loss) (PP of (NP (NP (QP $ 4.7 million) *U*) , or (NP (NP 19 cents) (NP-ADV a share))))) , (PP following (NP (NP profit) (PP of (NP (NP (QP $ 2.7 million) *U*) , or (NP (NP 11 cents) (NP-ADV a share)) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 2 %) (PP-DIR to (NP (QP $ 437.5 million) *U*)) (PP-DIR from (NP $ (QP 430.3 million) *U*))) .)) (TOP (S (NP-SBJ Bullish bond market sentiment) (VP is (PP-PRD on (NP the rise)) (ADVP-TMP again)) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ-1 the government) (VP prepares (S (NP-SBJ *-1) (VP to (VP release (NP (NP the next batch) (PP of (NP economic reports))))))))) , (NP-SBJ (NP the consensus) (PP among (NP economists and money managers))) (VP is (SBAR-PRD that (S (NP-SBJ the news) (VP will (VP be (ADJP-PRD negative)))))) .)) (TOP (S-1 And (NP-SBJ that) (PRN (S , (NP-SBJ they) (VP say (S *T*-1)) ,)) (VP will (VP be (ADJP-PRD good (PP for (NP bonds))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Recent data) (VP have (VP indicated (NP (ADJP somewhat weaker) economic activity)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Elliott Platt) , (NP (NP director) (PP of (NP economic research)) (PP-LOC at (NP Donaldson , Lufkin & Jenrette Securities)))) .)) (TOP (S (NP-SBJ Mr. Platt) (VP is (VP advising (NP clients) (SBAR that `` (S (NP-SBJ-1 (NP the near-term direction) (PP of (NP bond prices))) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP remain (ADJP-PRD upward)))))))))) . '')) (TOP (S (NP-SBJ Analysts) (VP insist (SBAR that (S (PP even without (NP (NP help) (PP from (NP a shaky stock market)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP provided (NP (NP a temporary boost) (PP for (NP bonds))) (PP-TMP during (NP the Oct. 13 stock market plunge))))) ,)) (NP-SBJ-2 bond prices) (VP will (VP start (S (NP-SBJ *-2) (VP to (VP climb))) (PP on (NP the prospects (SBAR that (S (NP-SBJ the Federal Reserve) (VP will (VP allow (S (NP-SBJ interest rates) (VP to (VP move (ADVP-CLR lower) (PP-TMP in (NP the coming weeks)))))))))))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP be (ADJP-PRD comforting (PP to (NP (NP fixed-income investors) , (SBAR (WHNP-1 (NP many) (PP of (WHNP whom))) (S (NP-SBJ-2 *T*-1) (VP were (VP (ADVP-MNR badly) burned (PP-TMP in (NP the third quarter)) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP (ADVP incorrectly) assuming (SBAR that (S (NP-SBJ the Fed) (VP would (VP ease)))))))))))))))) .)) (TOP (S (NP-SBJ-1 Investors) (VP rushed (S (NP-SBJ *-1) (VP to (VP buy (NP bonds) (PP-TMP during (NP the summer)) (SBAR-TMP as (S (NP-SBJ prices) (VP soared (PP on (NP speculation (SBAR that (S (NP-SBJ-2 interest rates) (VP would (VP continue (S (NP-SBJ *-2) (VP to (VP fall)))))))))))))))) .)) (TOP (S But (SBAR (WHADVP-1 when) (S (NP-SBJ it) (VP became (ADJP-PRD clear (SBAR (SBAR that (S (NP-SBJ rates) (VP had (VP stabilized)))) and (SBAR that (S (NP-SBJ (NP the Fed 's) credit-easing policy) (VP was (PP-PRD on (NP hold))))))) (ADVP-TMP *T*-1)))) , (S (NP-SBJ bond yields) (VP jumped)) and (S (NP-SBJ prices) (VP tumbled)) .)) (TOP (S (NP-SBJ Long-term bonds) (VP have (VP performed (ADVP-MNR erratically) (NP-TMP this year))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP a group) (PP of (NP (NP long-term Treasury bonds) (VP tracked (NP *) (PP by (NP-LGS Merrill Lynch & Co.)))))) (VP produced (NP (NP a total return) (PP of (NP (NP (NP 1 %) (PP-TMP in (NP the first quarter))) , (NP (NP 12.45 %) (PP-TMP in (NP the second quarter))) and (NP (NP -0.06 %) (PP-TMP in (NP the third quarter))))))) .)) (TOP (S (NP-SBJ Total return) (VP is (NP-PRD (NP price changes) (PP plus (NP interest income)))) .)) (TOP (S (ADVP-TMP Now) (S (NP-SBJ some investment analysts) (VP insist (SBAR that (S (NP-SBJ the economic climate) (VP has (VP turned (ADJP-PRD cold and gloomy))))))) , and (S (NP-SBJ they) (VP are (VP urging (NP-1 clients) (S (NP-SBJ *-1) (VP to (VP buy (NP bonds) (SBAR-TMP before (S (NP-SBJ the rally) (VP begins))))))))) .)) (TOP (S (PP Among (NP other things)) , (NP-SBJ economists) (VP note (SBAR that (S (S (NP-SBJ consumer spending) (VP is (VP slowing))) , (S (NP-SBJ-1 corporate profit margins) (VP are (VP being (VP squeezed (NP *-1))))) , (S (NP-SBJ business confidence) (VP is (VP slipping))) and (S (NP-SBJ construction and manufacturing industries) (VP are (ADJP-PRD depressed)))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ (NP last week 's) consumer price index) (VP showed (SBAR that (S (NP-SBJ inflation) (VP is (VP moderating))))) .)) (TOP (SINV (S-TPC-2 (S (NP-SBJ *) (VP Add (NP (NP it) (NP all)) (PRT up))) and (S (NP-SBJ it) (VP means `` (SBAR that (S (NP-SBJ the Fed) (VP has (NP (NP a little leeway) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP ease (NP its credit policy stance) (PP without (NP (NP the risk) (PP of (S-NOM (NP-SBJ *) (VP rekindling (NP inflation)))))) (ADVP *T*-1))))))))) , ''))) (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Norman Robertson) , (NP (NP chief economist) (PP-LOC at (NP (NP Mellon Bank Corp.) , (NP Pittsburgh))))) .)) (TOP (S `` (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ we) (VP will (VP see (NP (NP a federal funds rate) (PP of (NP (QP close to) (NP (NP (QP 8 1) %) (PP-TMP in (NP the next two weeks))) and (NP (NP 8 %) (PP-TMP by (NP year end))))))))))) . '')) (TOP (S (NP-SBJ-1 (NP The federal funds rate) , (SBAR (WHNP-2 which banks) (S (NP-SBJ *T*-2) (VP charge (NP each other) (PP-CLR on (NP overnight loans))))) ,) (VP is (VP considered (S (NP-SBJ *-1) (NP-PRD (NP an early signal) (PP of (NP (NP changes) (PP in (NP (NP the Fed 's) credit policy)))))))) .)) (TOP (S (NP-SBJ Economists) (ADVP generally) (VP agree (SBAR that (S (NP-SBJ-1 the rate) (VP was (VP lowered (NP *-1) (PP by (NP-LGS the Fed)) (PP-DIR from (NP (NP (QP around 9) %) , (SBAR (WHADVP-2 where) (S (NP-SBJ it) (VP had (VP been (PP-TMP-PRD since (NP July)) (ADVP-LOC *T*-2))))) ,)) (PP-DIR to (NP (NP (QP about 8 3) %) (PP-TMP in (NP early October)))) (PP on (NP (NP the heels) (PP of (NP a weak employment report))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the rate) (ADVP-MNR briefly) (VP drifted (ADVP-CLR even lower) (PP following (NP (NP the stock market sell-off) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP occurred (NP-TMP Oct. 13))))))))) , (NP-SBJ it) (VP ended (NP-TMP Friday) (PP-CLR at (NP (QP about 8 11) %))) .)) (TOP (S (NP-SBJ (NP James Kochan) , (NP (NP chief fixed-income strategist) (PP-LOC at (NP Merrill Lynch))) ,) (VP is (VP touting (NP (NP shorter-term securities) , (SBAR (WHNP-1 which) (S (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ *T*-1) (VP should (VP benefit (ADVP (ADVP more quickly) (PP than (NP longer-term bonds))) (SBAR-ADV as (S (NP-SBJ interest rates) (VP fall))))))))))))) .)) (TOP (S `` (S-TPC-1 (PP Given (NP (NP our forecast) (PP for (NP lower rates)))) , (NP-SBJ (NP purchases) (VP made (NP *) (ADVP now))) (VP should (VP prove (ADJP-PRD quite rewarding) (PP-TMP before (NP year end))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Kochan) (ADVP also) (VP likes (NP (NP long-term , investment-grade corporate bonds) and (NP long-term Treasurys))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ these bonds) (VP should (VP appreciate (PP-CLR in (NP value)) (SBAR-TMP as (S (NP-SBJ (NP some investors) , (VP reacting (PP-CLR to (NP (NP the recent turmoil) (PP in (NP the stock and high-yield junk bond markets))))) ,) (VP seek (NP safer securities))))))))) .)) (TOP (S `` (S-TPC-2 (SBAR-ADV If (S (NP-SBJ the -LCB- Tennessee Valley Authority -RCB- sale) (VP is (NP-PRD any guide)))) , (NP-SBJ-1 there) (VP appears (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP good demand) (PP for (NP (NP top-quality , long-term paper) (PP from (NP both domestic and overseas accounts)))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ TVA) , (PP in (NP (NP its first public debt offering) (PP-TMP in (NP 15 years)))) , (VP sold (NP (NP (QP $ 4 billion) *U*) (PP of (NP long-term and intermediate-term securities))) (NP-TMP last week)) .)) (TOP (S (NP-SBJ Strong investor demand) (VP prompted (S (NP-SBJ the utility) (VP to (VP boost (NP (NP the size) (PP of (NP the issue))) (PP-CLR from (NP (QP $ 3 billion) *U*)))))) .)) (TOP (S (NP-SBJ (NP TVA) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP operates (NP (NP one) (PP of (NP (NP the nation 's) largest electric power systems)))))) ,) (VP is (NP-PRD (NP a corporation) (VP owned (NP *) (PP by (NP-LGS the federal government))))) .)) (TOP (S But (S-NOM-SBJ (NP-SBJ *) (VP persuading (NP-2 investors) (S (NP-SBJ *-2) (VP to (VP buy (NP bonds)))))) (VP may (VP be (ADJP-PRD especially tough) (NP-TMP (NP this week) , (SBAR (WHADVP-1 when) (S (NP-SBJ the U.S. government) (VP will (VP auction (NP (NP (QP more than $ 30 billion) *U*) (PP of (NP new securities))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ the Treasury Department) (VP will (VP sell (NP (NP (QP $ 15.6 billion) *U*) (PP of (NP three-month and six-month bills))) (PP-TMP at (NP the regular weekly auction)))) .)) (TOP (S (NP-TMP Tomorrow) , (NP-SBJ the Treasury) (VP will (VP sell (NP (NP (QP $ 10 billion) *U*) (PP of (NP two-year notes))))) .)) (TOP (S (NP-SBJ (NP Resolution Funding Corp.) , (VP known (NP *) (PP-CLR as (NP (NP Refcorp) , (NP (NP a division) (PP of (NP (NP a new government agency) (VP created (S (NP-SBJ *) (VP to (VP bail (PRT out) (NP (NP the nation 's) troubled savings and loan associations))))))))))) ,) (VP will (VP hold (NP its first bond auction) (NP-TMP (NP Wednesday) , (SBAR (WHADVP-1 when) (S (NP-SBJ it) (VP will (VP sell (NP (NP (QP $ 4.5 billion) *U*) (PP of (NP 30-year bonds))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP All) (PP of (NP this))) (VP comes (PP ahead (PP of (NP (NP (NP the government 's) big quarterly refunding) (PP of (NP the federal debt)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP takes (NP-CLR place) (ADVP-TMP sometime) (PP-TMP in (NP November))))))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ investors) (VP have n't (VP shown (NP (NP much appetite) (PP for (NP (NP Refcorp 's) initial bond offering))))) .)) (TOP (S (NP-SBJ (NP Roger Early) , (NP (NP a portfolio manager) (PP-LOC at (NP Federated Investors Corp.))) ,) (VP said (SBAR that (S (NP-SBJ (NP yields) (PP on (NP the so-called bailout bonds))) (VP are n't (ADJP-PRD high enough (S (NP-SBJ *) (VP to (VP attract (NP his attention))))))))) .)) (TOP (S `` (SBARQ-TPC-2 (WHADVP Why) (SQ should (NP-SBJ I) (VP bother (PP-CLR with (NP (NP something) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (NP-PRD an unknown)))))) (PP for (NP (NP a (ADJP very small) pickup) (PP in (NP yield))))))) ? '' (NP-SBJ he) (VP said (SBARQ *T*-2)) .)) (TOP (S `` (NP-SBJ-1 I) (VP 'm (VP not going (S (NP-SBJ *-1) (VP to (VP jump (PP-LOC-CLR on (NP them)) (NP (NP the first day) (SBAR (WHADVP-2 0) (S (NP-SBJ they) (VP come (ADVP-CLR out) (ADVP-TMP *T*-2)))))))))) . '')) (TOP (S (NP-SBJ-1 He) (VP seems (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD typical (PP of (NP many professional money managers))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (S (NP-SBJ-1 (NP the size) (PP of (NP the Refcorp offering))) (VP was (VP announced (NP *-1) (NP-TMP last week)))) and (S (NP-SBJ when-issued trading activity) (VP began)) (ADVP-TMP *T*-2))) , (NP-SBJ the bailout bonds) (VP were (VP yielding (ADVP (ADVP (NP (QP about 1) percentage point) more) (PP than (NP (NP the Treasury 's) benchmark 30-year bond))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ-1 the yield) (VP was (VP (VP quoted (NP *-1) (PP-CLR at (ADJP (ADJP (NP (QP about 1) percentage point) higher) (PP than (NP the benchmark bond))))) , (NP-ADV (NP an indication) (PP of (NP weak demand))))) .)) (TOP (S (NP-SBJ Some economists) (VP believe (SBAR that (S (NP-SBJ (NP yields) (PP on (NP all Treasury securities))) (VP may (VP rise (NP-TMP this week) (SBAR-TMP as (S (NP-SBJ-1 the market) (VP struggles (S (NP-SBJ *-1) (VP to (VP absorb (NP the new supply)))))))))))) .)) (TOP (S But (SBAR-TMP once (S (NP-SBJ-1 the new securities) (VP are (VP digested (NP *-1))))) , (NP-SBJ they) (VP expect (S (NP-SBJ investors) (VP to (VP focus (PP-CLR on (NP the weak economic data)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The supply) (VP is not (NP-PRD (NP a constraint) (PP to (NP the market))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Samuel Kahan) , (NP (NP chief financial economist) (PP at (NP Kleinwort Benson Government Securities Inc)))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ one) (VP thinks (SBAR that (S (NP-SBJ rates) (VP are (VP going (ADVP-DIR down)))))))) , (NP-SBJ you) (VP do n't (VP care (SBAR (WHNP-1 (WHADVP how) much supply) (S (NP-SBJ *T*-1) (VP is (VP coming)))))) . '')) (TOP (NP-HLN (NP Friday 's) Market Activity)) (TOP (S (NP-SBJ Most bond prices) (VP fell (PP-CLR on (NP (NP (NP concerns) (PP about (NP (NP this week 's) new supply))) and (NP disappointment (SBAR that (S (NP-SBJ stock prices) (VP did n't (VP stage (NP a sharp decline))))))))) .)) (TOP (S (NP-SBJ Junk bond prices) (VP moved (ADVP-CLR higher) , (ADVP however)) .)) (TOP (S (PP-LOC In (NP early trading)) , (NP-SBJ Treasury bonds) (VP were (ADJP-PRD higher (PP on (NP expectations (SBAR that (S (NP-SBJ (NP a surge) (PP in (NP buying)) (PP among (NP Japanese investors))) (VP would (VP continue)))))))) .)) (TOP (S Also (S-NOM-SBJ (NP-SBJ *) (VP providing (NP support) (PP-CLR to (NP Treasurys)))) (VP was (NP-PRD hope (SBAR that (S (NP-SBJ the stock market) (VP might (VP see (NP declines) (PP-PRP because of (NP (NP the expiration) (PP of (NP (NP some stock-index futures) and (NP (NP options) (PP on (NP (NP indexes) and (NP individual stocks)))))))))))))) .)) (TOP (S (NP-SBJ-1 Those hopes) (VP were (VP dashed (NP *-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the stock market) (VP put (PRT in) (NP a (ADJP relatively quiet) performance) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ Treasury bonds) (VP ended (PP-CLR with (NP (NP losses) (PP of (NP (NP (QP as much as 1) point) , or (NP (NP (QP about $ 2.50) *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount)))))))) .)) (TOP (S (NP-SBJ (NP The benchmark 30-year bond) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP traded (ADVP-CLR (ADVP as high) (PP as (NP (QP 102 1)))) (PP-TMP during (NP the day))))) ,) (VP ended (PP-CLR at (NP (QP 101 17)))) .)) (TOP (S (NP-SBJ (NP The yield) (PP on (NP the benchmark bond))) (VP rose (ADVP slightly) (PP-DIR to (NP 7.98 %)) (PP-DIR from (NP 7.96 %))) .)) (TOP (S (PP-LOC In (NP the corporate bond market)) , (NP-SBJ traders) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the new-issue market) (PP for (NP junk bonds))) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP pick (ADVP up))))) (PP following (NP (NP (NP Chicago & North Western Acquisition Corp. 's) (ADJP (QP $ 475 million) *U*) junk bond offering) (NP-TMP Friday))))))) .)) (TOP (S (NP-TMP Today) , (PP for (NP example)) , (NP-SBJ (NP underwriters) (PP-LOC at (NP Morgan Stanley & Co.))) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP expect (S (NP-SBJ *-1) (VP to (VP price (NP (NP a (ADJP (QP $ 150 million) *U*) , 12-year senior subordinated debenture offering) (PP by (NP Imo Industries Inc)))))))))) .)) (TOP (S (NP-SBJ Traders) (VP expect (S (NP-SBJ-1 the issue) (VP to (VP be (VP priced (S (NP-SBJ *-1) (VP to (VP yield (NP 12 %))))))))) .)) (TOP (S (NP-SBJ Shearson Lehman Hutton Inc.) (VP said (SBAR that (S (NP-SBJ-1 (NP a (ADJP (QP $ 150 million) *U*) senior subordinated discount debenture issue) (PP by (NP R.P. Scherer Drugs))) (VP is (VP expected (NP *-1) (PP-TMP by (NP (NP the end) (PP of (NP the month))))))))) .)) (TOP (S (ADVP However) , (PP despite (NP the big new-issue calendar)) , (NP-SBJ many junk bond investors and analysts) (VP are (ADJP-PRD skeptical (SBAR 0 (S (NP-SBJ-1 the deals) (VP will (VP get (VP done (NP *-1)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP are (S-PRD (NP-SBJ (QP about a dozen more) deals) (VP coming)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Michael McNamara) , (NP (NP director) (PP of (NP fixed-income research)) (PP-LOC at (NP Kemper Financial Services Inc)))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ they) (VP had (NP (NP this much trouble) (PP with (NP Chicago & North Western)))))) , (NP-SBJ-1 they) (VP are (VP going (S (NP-SBJ *-1) (VP to (VP have (NP (NP an awful time) (PP with (NP the rest)))))))) . '')) (TOP (S (NP-TMP Last week) , (NP-SBJ-1 underwriters) (VP were (VP forced (S (NP-SBJ *-1) (VP to (VP postpone (NP three junk bond deals))) (PP-PRP because of (NP (NP recent weakness) (PP-LOC in (NP the market))))))) .)) (TOP (S And (NP-SBJ (NP pressure) (PP by (NP big investors))) (VP forced (S (NP-SBJ Donaldson Lufkin & Jenrette Securities Corp.) (VP to (VP sweeten (NP (NP Chicago & North Western 's) (ADJP (QP $ 475 million) *U*) junk bond offering))))) .)) (TOP (S (PP-TMP After (NP (NP hours) (PP of (NP negotiating)) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP stretched (PP-TMP (ADVP late) into (NP Thursday night))))))) , (NP-SBJ underwriters) (VP priced (NP (NP the 12-year issue) (PP of (NP resettable senior subordinated debentures))) (PP-CLR at (NP par)) (S-PRP (NP-SBJ *) (VP to (VP yield (NP (NP 14.75 %) , (ADJP (ADJP higher) (PP than (NP (NP the 14.5 %) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP had (VP been (VP expected (NP *-1)))))))))))))) .)) (TOP (S (NP-SBJ (NP The coupon) (PP on (NP the issue))) (VP will (VP be (VP reset (PP-TMP in (NP one year)) (PP-CLR at (NP (NP a rate) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP give (NP the issue) (NP (NP a market value) (PP of (NP 101)))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP the maximum coupon rate) (PP on (NP the issue)) (SBAR (WHADVP-1 when) (S (NP-SBJ it) (VP is (ADJP-PRD reset) (ADVP-TMP *T*-1))))) (VP is (NP-PRD 15.50 %)) .)) (TOP (S (NP-SBJ Debenture holders) (ADVP also) (VP will (VP receive (NP (NP the equivalent) (PP of (NP (NP 10 %) (PP of (NP (NP the common stock) (PP in (NP (NP Chicago & North Western 's) parent company))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 The coupon) (VP was (VP raised (NP-3 *-2) (S-PRP (NP-SBJ *-3) (VP to (VP induce (S (NP-SBJ (NP some) (PP of (NP (NP the big players) (PP on (NP the fence))))) (VP to (VP come (ADVP-CLR in)))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP a spokesman) (PP for (NP Donaldson))) .)) (TOP (S `` (NP-SBJ We) (VP put (NP (NP a price) (SBAR *ICH*-1)) (PP-PUT on (NP the deal)) (SBAR-1 (WHNP-2 that) (S (NP-SBJ the market) (VP required (S (NP-SBJ *T*-2) (VP to (VP get (NP it) (ADJP-PRD done)))))))) . '')) (TOP (S (NP-SBJ The spokesman) (VP said (SBAR 0 (S (NP-SBJ the issue) (VP was (VP (VP sold (PRT out)) and (VP met (PP-CLR with (NP strong interest)) (ADVP-LOC abroad)) , (PP (ADVP particularly) from (NP Japanese investors))))))) .)) (TOP (S (PP In (NP the secondary (PRN , or (NP resale) ,) market)) , (NP-SBJ junk bonds) (VP closed (ADVP-CLR (NP 1 point) higher) , (SBAR-ADV while (S (NP-SBJ investment-grade corporate bonds) (VP fell (NP-EXT 1) (PP-DIR to (NP 1 point)))))) .)) (TOP (S (NP-SBJ-1 (NP (NP (NP Sotheby 's) Inc. 's) gamble) (PP-LOC in (NP the art-dealing business))) (VP appears (S-PRD (NP-SBJ *-1) (VP to (VP have (VP paid (PRT off)))))) .)) (TOP (S (NP-SBJ (NP The New York arm) (PP of (NP the London-based auction house))) (VP auctioned (PRT off) (NP (NP the estate) (PP of (NP (NP John T. Dorrance Jr.) , (NP (NP the Campbell 's) Soup Co. heir) ,))) (PP for (NP (NP (QP $ 131 million) *U*) (NP *ICH*-1))) (NP-TMP last week) , (NP-1 (NP a record) (PP for (NP a single-owner art collection)))) .)) (TOP (S (NP-SBJ That total) (VP (VP was (PP-PRD below (NP (NP the (QP $ 140 million) *U*) (SBAR (WHNP-2 0) (S (NP-SBJ the auction house) (VP estimated (SBAR 0 (S (NP-SBJ the collection) (VP might (VP sell (PP-CLR for (NP *T*-2)))))))))))) , but (VP was (ADVP-PRD enough (S (NP-SBJ *) (VP to (VP ensure (SBAR that (S (NP-SBJ (NP an unprecedented financial arrangement) (SBAR (WHNP-1 0) (S (NP-SBJ (NP Sotheby 's)) (VP had (VP made (NP *T*-1) (PP with (NP the Dorrance family))))))) (VP proved (ADJP-PRD profitable (PP to (NP the auction house)))))))))))) .)) (TOP (S-3 (NP-SBJ-4 Sotheby 's) (VP provided (NP the Dorrance family) (NP (NP a guarantee) (PP of (NP (NP (QP at least $ 100 million) *U*) , and (NP (QP as much as $ 120 million) *U*) ,))) (S-PRP (NP-SBJ *-4) (VP to (VP obtain (NP the collection)))) (PRN , (S (NP-SBJ (NP people) (ADJP familiar (PP with (NP the transaction)))) (VP said (SBAR 0 (S *T*-3)))) ,) (S-ADV (ADVP thus) (NP-SBJ *) (VP taking (NP (NP a (ADJP greater than usual) financial interest) (PP in (NP (NP the property) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP sold (NP *-1)))))))))))) .)) (TOP (S (NP-SBJ (NP The Dorrance estate) , (VP auctioned (NP *) (PRT off) (PP-LOC in (NP (NP a series) (PP of (NP sales)) (VP held (NP *) (PP-TMP over (NP four days)))))) ,) (VP included (NP porcelains , furniture and paintings)) .)) (TOP (S (NP-SBJ (NP An Henri Matisse) , (VP auctioned (NP *) (NP-TMP last Wednesday)) ,) (VP fetched (NP (NP (QP $ 12.4 million) *U*) , (NP (NP a world record) (PP for (NP the artist))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-2 (NP a handful) (PP of (NP paintings)) (PP from (NP the Dorrance collection))) (VP remain (S (NP-SBJ-1 *-2) (VP to (VP be (VP sold (NP *-1) (PP-LOC at (NP (NP Sotheby 's) annual old masters paintings auction)) (PP-TMP in (NP January))))))) .)) (TOP (S (NP-SBJ (NP (NP The Better Business Bureau) (PP of (NP San Diego))) and (NP (NP the state Attorney General 's) office)) (VP entered (PP-CLR into (NP (NP a settlement) (VP stemming (PP-CLR from (NP (NP an investigation) (PP of (NP (NP bureau-sponsored business directories) (VP published (NP *) (PP by (NP-LGS (NP an outside firm) , (NP Better Book Inc)))))))))))) .)) (TOP (S (NP-SBJ The settlement) (VP stems (PP-CLR from (NP charges (SBAR that (S (NP-SBJ (NP Better Book) , (ADJP now defunct) ,) (VP made (NP (NP misrepresentations) (PP in (S-NOM (NP-SBJ *) (VP selling (NP (NP (NP advertising) (PP for (NP the directories))) and (NP (NP memberships) (PP in (NP the bureau)))) (PP-TMP (PP from (NP 1984)) (PP to (NP 1986))))))))))))) .)) (TOP (S (PP Without (S-NOM (NP-SBJ *-1) (VP admitting (NP any guilt)))) , (NP-SBJ-1 the bureau) (VP agreed (PP-CLR to (NP several conditions)) (SBAR-ADV if (S (NP-SBJ it) (ADVP-TMP again) (VP contracts (PP-CLR with (NP an outside firm)) (S-PRP (NP-SBJ *) (VP to (VP publish (NP its directories)))))))) .)) (TOP (S (NP-SBJ The conditions) (VP include (S (NP-SBJ-4 *) (VP (VP not misrepresenting (SBAR (WHNP-3 (WHADJP how many) directories) (S (NP-SBJ-1 *T*-3) (VP will (VP be (VP distributed (NP *-1))))))) , and (VP agreeing (S (NP-SBJ *-4) (VP to (VP make (NP refunds) (PP-CLR to (NP directory advertisers)) (SBAR-ADV if (S (NP-SBJ-2 any misrepresentations) (VP are (VP involved (NP *-2) (PP-CLR in (NP the sale))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The Attorney General 's) investigation) (VP was (VP sparked (NP *-1) (PP by (NP-LGS (NP lawsuits) and (NP (NP charges (SBAR *ICH*-3)) (PP by (NP angry California businesspeople)) (SBAR-3 that (S (NP-SBJ-2 they) (VP were (VP swindled (NP *-2) (PP-LOC in (NP (NP a bureau-sponsored directory project) (VP contracted (NP *) (PP by (NP-LGS Better Book)))))))))))))) .)) (TOP (S (NP-SBJ The uproar) (VP led (PP-CLR to (NP (NP the closing) (PP of (NP the Los Angeles Better Business Bureau)) (PP-TMP in (NP late 1987))))) .)) (TOP (S (NP-SBJ McCaw Cellular Communications Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP obtained (NP `` firm '' financing commitments) (PP from (NP three major banks)) (PP in (NP (NP regard) (PP to (NP (NP its offer) (PP for (NP (NP 50.3 %) (PP of (NP LIN Broadcasting Corp)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Morgan Guaranty Trust) , (NP Toronto-Dominion Bank) and (NP (NP Provident National Bank) , (NP (NP an affiliate) (PP of (NP PNC Financial Corp.))) ,)) (VP (ADVP jointly) committed (NP (NP (NP (QP $ 1.2 billion) *U*) (PP of (NP financing))) , (ADJP subject (PP to (NP certain conditions))) ,))) (NP-SBJ McCaw) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S Further , (NP-SBJ McCaw) (VP said (SBAR 0 (S (NP-SBJ the banks) (VP expressed (NP confidence (SBAR that (S (NP-SBJ-1 (NP the balance) (PP of (NP the (ADJP (QP $ 4.5 billion) *U*) bank facility))) (VP will (VP be (VP committed (NP *-1) (PP-TMP within (NP the next several weeks)) (PP by (NP-LGS (NP a syndicate) (PP of (NP foreign and domestic banks)))))))))))))) .)) (TOP (S (NP-SBJ (NP Morgan) , (NP Toronto-Dominion) and (NP Provident)) (VP are (VP leading (NP that syndicate))) .)) (TOP (S (NP-SBJ-2 McCaw) (VP is (VP offering (S (NP-SBJ *-2) (VP (VP to (VP buy (NP (NP (QP 22 million) shares) (PP of (NP LIN))) (PP-CLR for (NP (NP $ 125 *U*) (NP-ADV each) (PP in (NP cash)))))) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP result (PP-CLR in (S-NOM (NP-SBJ McCaw) (VP owning (NP (NP 50.3 %) (PP of (NP the cellular-phone and broadcasting concern)))))))))))))) .)) (TOP (S (NP-SBJ The offer) (VP is (PP-PRD in (NP limbo)) , (ADVP however) , (SBAR-PRP because (S (NP-SBJ-1 LIN) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP merge (NP its cellular-phone businesses) (PP-CLR with (NP BellSouth Corp)))))))))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) (NP-TMP Friday) , (NP-SBJ LIN shares) (VP rose (NP-EXT 62.5 cents) (S-PRP (NP-SBJ *) (VP to (VP close (PP-CLR at (NP $ 110.625 *U*)))))) .)) (TOP (S (NP-SBJ Beijing lawmakers) (VP have (VP called (UCP (SBAR for (S (NP-SBJ-3 jails) (VP to (VP be (VP built (NP-1 *-3) (S-PRP (NP-SBJ *-1) (VP to (VP house (NP prostitutes))))))))) and (PP for (NP (NP severe punishment) , (PP including (NP the death sentence)) , (PP for (NP (NP anyone) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP induces or coerces (NP women) (PP-CLR into (NP prostitution)))))))))))) .)) (TOP (S (NP-SBJ The official Xinhua News Agency) (VP said (SBAR 0 (S (NP-SBJ the municipal government) (VP was (VP discussing (NP (NP a draft bill) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP give (NP the capital) (NP its first anti-prostitution statutes))))))))))) .)) (TOP (S (NP-SBJ It) (VP quoted (NP-2 (NP Liu Changyi) , (NP (NP deputy director) (PP of (NP the Beijing Public Security Bureau))) ,) (PP-CLR as (S-NOM (NP-SBJ *-2) (VP saying (SBAR that (S (NP-SBJ there) (VP were (NP-PRD (NP (ADJP many more) people) (VP involved (NP *) (PP-CLR in (NP prostitution)) (ADVP-TMP (ADVP now) (PP than (PP-TMP in (NP (NP 1985) , (SBAR (WHADVP-1 when) (S (NP-SBJ there) (VP were (NP-PRD about 100 cases) (ADVP-TMP *T*-1))))))))))))))))) .)) (TOP (S (S (NP-SBJ-2 (NP Foreigners) (VP involved (NP *) (PP-CLR in (NP prostitution)))) (VP will (VP be (VP punished (NP *-2) (PP according (PP to (NP the law))))))) , and (S (NP-SBJ-1 (NP those) (PP with (NP sexually transmitted diseases))) (VP will (VP be (VP expelled (NP *-1) (PP-CLR from (NP the country)) , (PP according (PP to (NP the regulations))))))) .)) (TOP (S (S (NP-SBJ-1 The Communists) (VP (ADVP nearly) succeeded (PP-CLR in (S-NOM (NP-SBJ *-1) (VP eliminating (NP prostitution)))) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP taking (PRT over) (PP-TMP in (NP 1949))))))) , but (S (NP-SBJ the practice) (VP has (VP returned (PP-TMP in (NP recent years)) (PP with (NP (NP (NP the country 's) increased exposure) (PP to (NP the outside world))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 Japan) (VP agreed (S (NP-SBJ *-1) (VP to (VP enforce (NP (NP a decision (S *ICH*-2)) (PP by (NP an international wildlife conference)) (S-2 (NP-SBJ *) (VP to (VP ban (NP (NP all trade) (PP in (NP ivory)))))))))))) , (NP-SBJ (NP a spokesman) (PP for (NP (NP the Ministry) (PP of (NP International Trade and Industry))))) (VP said (S *T*-3)) .)) (TOP (S (ADVP-TMP Earlier) , (NP-SBJ Japan) (VP had (VP said (SBAR 0 (S (NP-SBJ it) (VP might (VP file (NP (NP a reservation) (PP against (NP (NP the ivory ban) (VP decided (NP *) (PP by (NP-LGS ballot)) (PP-LOC at (NP (NP the 103-nation United Nations Conference) (PP on (NP (NP International Trade) (PP in (NP Endangered Species)))) (PP-LOC in (NP Switzerland)) (NP-TMP last week))))))))))))) .)) (TOP (S (NP-SBJ The Japanese) (VP use (NP (NP 40 %) (PP of (NP (NP the world 's) ivory)))) .)) (TOP (S (S-TPC-1 (NP-SBJ Italy) (VP should (VP close (NP (NP the Leaning Tower) (PP of (NP Pisa))) (SBAR-PRP because (S (NP-SBJ it) (VP 's (NP-PRD (NP a danger) (PP to (NP tourists))))))))) , (NP-SBJ government-appointed experts) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (PP-LOC In (NP some places)) (NP-SBJ the stonework) (VP is (ADJP-PRD (ADJP so damaged) (SBAR 0 (S (NP-SBJ-2 it) (VP shows (NP (NP signs) (PP of (S-NOM (NP-SBJ *-2) (VP breaking (PRT off))))))))))) , '' (NP-SBJ scientists and technicians) (VP said (S *T*-1) (PP-LOC in (NP (NP a report) (PP to (NP Public Works Minister Giovanni Prandini))))) .)) (TOP (S (NP-TMP Each year) , (NP-SBJ (QP nearly a million) people) (VP pay (NP (QP about $ 3) *U*) (S-PRP (NP-SBJ *) (VP to (VP make (NP (NP the spiral climb) (PP up (NP 294 steps)) (PP to (NP (NP the top) (PP of (NP the 800-year-old marble tower))))))))) .)) (TOP (S (NP-SBJ-1 East Germany) (VP pledged (S (NP-SBJ-2 *-1) (VP to (VP reduce (NP alcohol consumption) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP boosting (NP (NP production) (PP of (NP (NP soft drinks) and (NP fruit juices))))))))))) .)) (TOP (S (S (NP-SBJ Trade and Supply Minister Gerhard Briksa) (VP said (PP-LOC in (NP (NP a letter) (VP published (NP *) (PP-LOC in (NP the youth daily Junge Welt))))) (SBAR that (S (NP-SBJ-1 (NP the rise) (PP in (NP alcohol consumption)) (PP-LOC in (NP East Germany))) (VP had (VP been (VP halted (NP *-1)))))))) ; but (S-3 (S-PRP (NP-SBJ *) (VP to (VP reduce (NP it) (ADVP further)))) (PRN , (S (NP-SBJ he) (VP said (S *T*-3))) ,) (NP-SBJ-2 (NP production and supply) (PP of (NP (NP other beverages) , (PP including (NP fruit juices)) ,))) (VP should (VP be (VP stepped (NP *-2) (ADVP up))))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ-1 shops) (VP will (VP have (S (NP-SBJ-2 *-1) (VP to (VP (VP continue (S (NP-SBJ *-2) (VP reducing (NP (NP their stocks) (PP of (NP liquor)))))) and (VP avoid (S (NP-SBJ *-2) (VP displaying (NP them) (ADVP-MNR too prominently) (PP-LOC in (NP the window))))))))))))) .)) (TOP (S (NP-SBJ Hong Kong) (VP has (VP built (NP (NP a detention center) (PP for (NP (NP illegal immigrants) (PP from (NP China))))) (SBAR-PRP because (S (NP-SBJ-1 China) (VP has (VP refused (PP-TMP for (NP the past two weeks)) (S (NP-SBJ *-1) (VP to (VP accept (NP them) (ADVP-CLR back)))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The center) , (ADVP-LOC close (PP to (NP (NP (NP Hong Kong 's) border) (PP with (NP China))))) ,) (VP (VP will (VP be (ADJP-PRD ready) (NP-TMP today))) and (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP house (NP 1,000 inmates))))))))) , (NP-SBJ Police Deputy Director Peter Wong) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The dispute) (VP started (SBAR-TMP-CLR (WHADVP-2 when) (S (NP-SBJ (NP China) , (ADJP angry (SBAR that (S (NP-SBJ Hong Kong) (VP had (VP allowed (S (NP-SBJ dissident swimmer Yang Yang) (VP to (VP flee (PP-DIR to (NP the U.S.)))))))))) ,) (VP halted (NP (NP the usual daily transfer) (PP of (NP (NP illegal immigrants) (VP caught (NP *) (PP-LOC in (NP (NP this British colony) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP reverts (PP-CLR to (NP (NP Beijing 's) control)) (PP-PRP in (NP 1997))))))))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Sweating (PP-LOC under (NP (NP the glare) (PP of (NP newly installed television lights)))))) , (NP-SBJ-1 (NP British members) (PP of (NP Parliament))) (VP demanded (NP (NP a halt) (PP to (NP (NP the experimental televising) (PP of (NP debates)))))) .)) (TOP (S (NP-SBJ (NP A group) (PP of (NP (NP senior Conservative legislators) , (VP complaining (SBAR 0 (S (NP-SBJ (NP the House) (PP of (NP Commons))) (VP was (PP-PRD like (NP a sauna)))))) ,))) (VP demanded (SBAR that (S (NP-SBJ-1 the experiment) (VP be (VP stopped (NP *-1) (SBAR-ADV unless (S (NP-SBJ-2 (NP the intensity) (PP of (NP the lights))) (VP is (VP reduced (NP *-2)))))))))) .)) (TOP (S (NP-SBJ (NP One Conservative MP) , (NP David Wilshire) ,) (VP said : (S `` (NP-SBJ I) (VP should (VP have (NP a wonderful suntan) (PP-TMP by (NP Christmas)))))) . '')) (TOP (S (NP-SBJ Debates) (VP are (ADJP-PRD due (S (NP-SBJ-1 *) (VP to (VP be (VP broadcast (NP *-1) (ADVP-LOC nationally) (S-ADV (NP-SBJ *) (VP starting (NP-TMP-CLR Nov. 21)))))))) (PP-TMP in (NP a six-month experiment))) .)) (TOP (S (NP-SBJ-1 (NP A majority) (PP of (NP Japanese banks))) (VP are (VP said (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD wary (PP of (S-NOM (NP-SBJ *) (VP making (NP new loans) (PP-CLR to (NP Mexico)) (PP-LOC under (NP the Brady plan)))))) (SBAR-PRP because (S (NP-SBJ they) (VP 're (ADJP-PRD uncertain (SBAR 0 (S (NP-SBJ the Mexican economy) (VP will (VP remain (ADJP-PRD stable)))))))))))))) .)) (TOP (S (S-TPC-2 (ADVP Instead) , (NP-SBJ-1 (NP many (ADJP small and medium-sized) banks) , and (NP some larger ones) ,) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP take (NP (NP one) (PP of (NP (NP the other two options) (ADJP open (PP to (NP them)) (PP-LOC under (NP the plan)))))))))))) , (NP-SBJ Japanese banking officials) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP The plan) , (VP proposed (NP *) (PP by (NP-LGS (NAC U.S. Secretary (PP of (NP State))) Nicholas Brady))) ,) (VP calls (SBAR-CLR for (S (NP-SBJ banks) (VP either (VP to (VP make (NP new loans))) or (VP to (VP reduce (NP (NP the principle) (PP on (NP existing loans))))) or (VP to (VP cut (NP (NP the interest rate) (PP on (NP those existing loans))))))))) .)) (TOP (S (NP-SBJ The officials) (VP said (SBAR that (S (NP-SBJ most Japanese banks) (VP prefer (NP (NP the losses) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP 'd (VP suffer (NP *T*-1) (PP-LOC in (NP (NP either) (PP of (NP the latter options))))))))) (PP-CLR to (NP (NP the risk) (PP of (NP new lending)))))))) .)) (TOP (S But (NP-SBJ (NP an official) (PP-LOC at (NP a long-term credit bank))) (VP explained (SBAR that (S (SBAR-PRP since (S (NP-SBJ some larger banks) (VP have (ADVP-TMP already) (VP taken (NP (NP loss provisions) (PP for (NP (NP loans) (PP to (NP other Third World nations))))))))) , (NP-SBJ-1 further write-offs) (VP could (VP be (VP viewed (NP *-1) (PP-CLR as (ADJP intolerable)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ They) (VP ca n't (VP take (NP (NP the hit) '' (PP to (NP their earnings)))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S-2 (PP As (NP a result)) (PRN , (S (NP-SBJ the official) (VP said (SBAR 0 (S *T*-2))))) , (NP-SBJ-1 they) (VP may (VP be (VP forced (NP *-1) (PP-CLR into (NP (NP a no-win situation) (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ they) (VP make (PP-LOC *T*-3) (NP (NP risky loans) (SBAR (WHNP-4 that) (S (NP-SBJ-5 they) (VP could (VP have (S (NP-SBJ *-5) (VP to (VP write (PRT off) (NP *T*-4) (ADVP-TMP later))))))))))))))))) .)) (TOP (S (NP-SBJ (NP A poll) (PP-LOC in (NP male-dominated South Korea))) (VP put (S (NP-SBJ Margaret Thatcher) (ADJP-PRD first) (PP-LOC on (NP (NP a list) (PP of (NP most-respected foreign leaders)))))) .)) (TOP (S (NP-SBJ The British prime minister) (VP was (NP-PRD (NP the only woman) (VP singled (NP *) (PRT out) (PP by (NP-LGS (NP respondents) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP put (NP Soviet President Mikhail Gorbachev) (PP-PUT in (NP second place)))))))))) ... .)) (TOP (S (NP-SBJ The Soviet newspaper Trud) (VP reported (SBAR that (S (NP-SBJ Mickey Mouse) (VP will (VP appear (PP-LOC-CLR in (NP (NP a Russian-language comic book) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP issued (NP *-1) (NP (NP four times) (NP-ADV a year)) (PP by (NP-LGS (NP Soviet publisher Fizkultura i Sport) and (NP (NP Denmark 's) Gutenberghus Group))))))))))))))) .)) (TOP (S (NP-SBJ The comic book) (VP will (VP cost (NP-CLR (QP about $ 2) *U*))) .)) (TOP (S (NP-SBJ-1 (NP Ekco Group Inc.) , (NP-LOC (NP Nashua) , (NP N.H.) ,)) (VP expects (S (NP-SBJ *-1) (VP to (VP report (SBAR that (S (NP-SBJ (NP net income) (PP-TMP in (NP (NP the third quarter) , (VP ended (NP *) (NP-TMP-CLR Oct. 1)) ,))) (VP fell (NP-EXT 50 %) (PP-DIR to (NP 60 %)) (PP-DIR from (NP (NP (QP $ 2.1 million) *U*) , or (NP (NP 11 cents) (NP-ADV a share)) , (ADVP-TMP (NP a year) earlier)))))))))) .)) (TOP (S (NP-SBJ (NP Robert Stein) , (NP president and chief executive officer) ,) (VP attributed (NP the expected decline) (PP-CLR (ADVP partly) to (NP (NP the effects) (PP of (NP (NP a two-week strike) (NP-TMP last month) (PP-LOC at (NP (NP the company 's) (NAC-LOC Masillon , Ohio ,) bakeware facility))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Softer-than-expected orders) (PP-TMP in (NP early September))) (ADVP also) (VP played (NP a role))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)) (PP-LOC in (NP an interview))) .)) (TOP (S But (NP-SBJ Mr. Stein) (VP said (SBAR 0 (S (NP-SBJ he) (VP is `` (ADJP-PRD reasonably confident '' (SBAR that (S (NP-SBJ (NP earnings) (PP for (NP the full year))) (VP will (VP exceed (NP (NP the (QP $ 3.1 million) *U*) , or (NP (NP 17 cents) (NP-ADV a share)) ,) (PP-TMP in (NP 1988))))))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP require (NP (NP fourth-quarter net) (PP of (NP (NP (NP (NP (QP more than about 22) cents) (PP to (NP 24 cents)))) (NP-ADV a share)))) , (S-ADV (NP-SBJ *) (VP assuming (SBAR that (S (NP-SBJ (NP Mr. Stein 's) third-quarter estimate) (VP proves (ADJP-PRD accurate)))))))) .)) (TOP (S (PP-TMP In (NP the year-earlier fourth quarter)) , (NP-SBJ the company) (VP had (NP (NP profit) (PP of (NP (NP (QP $ 2.7 million) *U*) , or (NP (NP 15 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ-1 Third-quarter revenue) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (QP $ 40 million to $ 45 million) *U*) , (ADVP-CLR up (PP from (NP (QP $ 38.2 million) *U*) (ADVP-TMP (NP a year) earlier)))))) , (PP according (PP to (NP (NP Neil Gordon) , (NP treasurer)))))) .)) (TOP (S (NP-SBJ The year-earlier periods) (VP (VP do n't (VP reflect (NP (NP results) (PP of (NP (NP (NP the company 's) Woodstream Corp. unit) , (VP acquired (NP *) (NP-TMP last January)) ,))))) but (VP include (NP (NP some Canadian operations) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were (VP sold (NP *-1) (PP-TMP at (NP (NP the end) (PP of (NP 1988))))))))))) .)) (TOP (S (NP-SBJ (NP August) (PP through (NP October))) (ADVP traditionally) (VP is (NP-PRD (NP the busiest season) (PP for (NP the bakeware business))) , (SBAR-ADV as (S (NP-SBJ many retailers) (VP use (NP the goods) (PP-CLR as (NP autumn promotional items)))))) .)) (TOP (S (NP-SBJ Mr. Stein) (VP said (SBAR 0 (S (NP-SBJ-1 (NP some retailers) (PRN -- (ADJP perhaps anxious (PP about (S-NOM (NP-SBJ *) (VP minimizing (NP inventories)))) --))) (VP (VP appear (S (NP-SBJ *-1) (VP to (VP have (VP held (ADVP-CLR back) (PP on (NP orders)) (PP-TMP in (NP September))))))) but (VP have (VP been (VP ordering (ADVP-MNR more heavily) (PP-TMP in (NP October))))))))) .)) (TOP (S (NP-SBJ Mr. Stein) (VP said (SBAR 0 (S (NP-SBJ Woodstream) (VP (VP is `` (ADJP-PRD marginally profitable) '') but (VP has n't (VP performed (ADVP (ADVP as well) (SBAR as (S (NP-SBJ *) (VP expected)))))))))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ (NP Woodstream 's) (NX (NX Victor-brand mousetraps) and (NX other pest-control products))) (VP are `` (VP doing (ADVP-CLR very well) , ''))) and (S (NP-SBJ-1 its plastic storage-case products) `` (VP are (VP poised (NP *-1) (PP-CLR for (NP growth)))) , '')) (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-2 (S But (NP-SBJ (NP (NP the unit 's) third segment) , (NP wildlife traps) ,) (VP is (VP suffering (PP from (NP a `` depressed market))))) , '' and (S (NP-SBJ-1 Ekco) (VP is (VP seeking (S (NP-SBJ *-1) (VP to (VP sell (NP that segment)))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Mr. Stein) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ profit) (VP (VP to (VP be (ADJP-PRD (ADJP higher (PP-TMP in (NP 1990))) (PP than (PP-TMP in (NP 1989)))))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP a number) (PP of (NP (NP measures) (VP taken (NP *) (PP-TMP since (NP (NP the acquisition) (PP of (NP Ekco Housewares)) (PP-TMP in (NP late 1987)))))))))))))))) .)) (TOP (S -LRB- (S (PP Prior (PP to (S-NOM (NP-SBJ *-1) (VP acquiring (NP the housewares business))))) , (NP-SBJ-1 the company) (VP was (VP known (NP *-1) (PP-CLR as (NP Centronics Corp.))))) ; (S (S (NP-SBJ Centronics) (VP had (VP been (NP-PRD (NP a maker) (PP of (NP computer printers)))))) , but (S (NP-SBJ-2 (NP Mr. Stein) and (NP other officers)) (VP decided (S (NP-SBJ *-2) (VP to (VP sell (NP that business) (SBAR-TMP after (S (NP-SBJ Japanese competitors) (VP grabbed (NP (NP a dominant share) (PP of (NP the market)))))))))))) . -RRB-)) (TOP (S (NP-SBJ Mr. Stein) (VP said (SBAR 0 (S (NP-SBJ tighter operating controls) (VP have (VP enabled (S (NP-SBJ Ekco) (VP (VP to (VP (VP reduce (NP inventory levels) (NP-EXT (QP 25 % to 30 %) *U*)) ; (VP improve (NP (NP on-time delivery) (PP of (NP orders))) (PP-CLR to (NP (QP about 95) %)) (PP-CLR from (NP (QP around 70) %))))) ; and (VP to (VP lower (NP (NP the number) (PP of (NP (NP labor hours) (VP required (NP-1 *) (S-PRP (NP-SBJ *-1) (VP to (VP produce (NP a unit))))))))))))))))) .)) (TOP (S (S-TPC-3 (PP By (S-NOM (NP-SBJ *-4) (VP moving (NP (NP the design) (PP of (NP new products))) (ADVP-DIR in-house))) (PRN -- (PP instead of (S-NOM (NP-SBJ *) (VP contracting (PRT out) (NP the work)))) --)) (NP-SBJ-4 the company) (ADVP also) (VP has (VP been (ADJP-PRD able (S (NP-SBJ *-4) (VP to (VP come (PRT up) (PP-CLR with (NP (NP designs) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP can (VP be (VP manufactured (NP *-1) (ADVP-MNR more efficiently))))))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP those measures)))) , (NP-SBJ-2 the company) (VP (VP spent (ADVP-MNR heavily) (NP-TMP earlier this year) (S-PRP (NP-SBJ *-2) (VP to (VP install (NP displays) (PP-LOC at (NP (NP its customers ') retail outlets)))))) -- (NP-ADV (NP a strategy) (SBAR (WHNP-1 that) (S (NP-SBJ Mr. Stein) (VP said (SBAR 0 (S (NP-SBJ-3 *T*-1) (VP has (VP helped (S (NP-SBJ *-3) (VP bolster (NP (NP awareness) (PP of (NP (NP the company 's) brands)))))))))))))) .)) (TOP (S (NP-SBJ (NP Ekco 's) housewares operation) (VP makes (NP (NP kitchen tools and gadgets) , (CONJP as well as) (NP bakeware)) , (PP-LOC at (NP (NP factories) (PP-LOC in (NP the U.S. and Canada))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The main issue) (PP-LOC in (NP (NP the strike) (PP-LOC at (NP the Ohio facility))))) (VP was (NP-PRD health-care benefits))) , (NP-SBJ Mr. Stein) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The strike) (VP ended (NP-TMP-CLR Oct)) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Ekco) (VP continues (S (NP-SBJ *-1) (VP to (VP seek (NP (NP further acquisitions) (PP-LOC in (NP the consumer-products industry)))))))) , (NP-SBJ Mr. Stein) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ He) (VP indicated (SBAR that (S (NP-SBJ-2 Ekco) (VP may (VP be (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *-2) (VP acquiring (NP (NP another company) (PP with (NP (NP revenue) (PP in (NP (NP the range) (PP of (NP (QP $ 75 million to $ 100 million ) *U*))))))))))) , (SBAR-PRP partly because (S (NP-SBJ-1 mass merchandisers) (VP (ADVP increasingly) want (S (NP-SBJ *-1) (VP to (VP rely (PP-CLR on (NP (ADJP larger , and fewer ,) suppliers))))))))))))) .)) (TOP (S (PP-TMP After (NP (NP several years) (PP of (NP (NP booming business) (PP with (NP China)))))) , (NP-SBJ foreign traders) (VP are (VP bracing (PP-CLR for (NP (NP the biggest slump) (PP-TMP in (NP a decade)))))) .)) (TOP (S (NP-SBJ-1 (NP The imposition) (PP of (NP (NP austerity measures) , (VP starting (NP-TMP-CLR last October)) ,))) (ADVP-TMP already) (VP had (VP begun (S (NP-SBJ *-1) (VP to (VP pinch (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP (NP the massacre) (PP-LOC in (NP Tiananmen Square)) (PP-TMP on (NP June 4))) and (NP subsequent events)) (VP tugged (S (NP-SBJ the belt) (ADJP-PRD far tighter)) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ-1 Foreign lending) (VP (VP has (VP been (VP (ADVP virtually) suspended (NP *-1) (PP-TMP since (NP then))))) , (S-ADV (NP-SBJ *-1) (VP (VP choking (NP liquidity)) and (VP hobbling (NP many projects))))) .)) (TOP (S And (NP-SBJ Beijing) (VP (VP has (VP pulled (ADVP-DIR back) (PP on (NP domestic loans and subsidies)))) , (S-ADV (NP-SBJ *) (VP leaving (S (NP-SBJ (NP many domestic buyers) and (NP export-oriented plants)) (VP strapped (PP-CLR for (NP cash))))))) .)) (TOP (S (NP-SBJ (NP Givaudan Far East Ltd.) , (NP (NP a Swiss concern) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP sells (NP chemicals) (PP-DTV to (NP (NP shampoo and soap factories) (PP-LOC in (NP China)))))))) ,) (VP typifies (NP the problems)) .)) (TOP (S (NP-SBJ (NP Last year 's) retrenchment) (VP dried (PRT up) (NP (NP the working capital) (PP of (NP Chinese factories)))) .)) (TOP (S (NP-SBJ (NP The company 's) sales) (VP flattened (PP-TMP during (NP (NP 1989 's) first half))) .)) (TOP (S (NP-SBJ The June killings) (VP magnified (NP the problems)) .)) (TOP (S (PP-LOC In (NP Canton)) , (NP-SBJ (NP Givaudan 's) representative office) (VP received (NP no orders) (PP-TMP in (NP June))) .)) (TOP (S (S (PP-TMP At first) (NP-SBJ it) (VP attributed (NP the slump) (PP-CLR to (NP temporary business disruptions)))) , but (S (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 no orders) (VP were (VP logged (NP *-1) (PP-TMP in (NP August and September)) (ADVP-TMP *T*-2))))) , (NP-SBJ manager Donald Lai) (VP became (ADJP-PRD convinced (SBAR that (S (NP-SBJ business) (VP would (VP be (ADJP-PRD bad) (PP-TMP for (NP many months))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Things) (VP have (VP grown (ADJP-PRD worse) (PP-TMP since (NP June 4))))) , '' (NP-SBJ Mr. Lai) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP predicts (SBAR that (S (NP-SBJ sales) (VP will (VP drop (PP-EXT between (NP (QP 30 % and 40 %) *U*)) (PP-DIR from (NP (NP last year 's) (QP $ 3 million) *U*))))))) .)) (TOP (S (S (NP-SBJ The consumer-products and light-industrial sectors) (VP are (VP bearing (NP (NP the brunt) (PP of (NP (NP China 's) austerity measures)))))) , and (S (NP-SBJ-1 (NP foreign companies) (PP such as (NP Givaudan)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP deal (PP-CLR with (NP those industries)))))) are (VP being (VP hit (NP *-1) (NP the hardest)))) .)) (TOP (S But (PP in (ADJP general)) , (NP-SBJ all foreign-trading companies) (VP are (VP feeling (NP-PRD the pinch))) .)) (TOP (SINV `` (S-1 (NP-SBJ The import pie) (VP will (VP shrink))) , '' (VP says (S *T*-1)) (NP-SBJ (NP John Kamm) , (NP (NP (NP first vice president) (PP of (NP (NP the American Chamber) (PP of (NP Commerce)) (PP-LOC in (NP Hong Kong))))) and (NP a China trade specialist))) .)) (TOP (S `` (S (PP On (NP the down side)) , (NP-SBJ sales) (VP could (VP fall (NP-EXT (QP as much as 90) %) (PP for (NP some companies))))) ; (S (PP on (NP the upper side)) , (NP-SBJ sales) (VP will (VP be (ADJP-PRD flat)))) . '')) (TOP (S (NP-SBJ (NP China 's) foreign trade) (VP has (VP gone (PP-CLR in (NP cycles)) (PP-TMP during (NP the past decade)))) .)) (TOP (S (NP-SBJ (NP The last time) (SBAR (WHADVP-1 that) (S (NP-SBJ traders) (VP experienced (NP a trough) (ADVP-TMP *T*-1))))) (VP was (PP-TMP-PRD during (NP (NP 1985-86) , (SBAR (WHADVP-2 when) (S (NP-SBJ Beijing) (VP imposed (NP (NP tough measures) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP (VP curb (NP imports)) and (VP conserve (NP foreign exchange)) (ADVP *T*-3)))))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ-1 The current trough) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD much deeper) , (SBAR-PRP because (S (NP-SBJ Beijing) (VP has (VP cut (PRT off) (NP domestic funds) (PP-CLR from (NP factories)) (PP-TMP for (NP the first time)) (S-PRP (NP-SBJ *) (VP to (VP slow (NP inflation))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP the suspension) (PP of (NP loans and export credits)) (PP from (NP foreign governments and institutions)) (PP following (NP the June killings))) (VP have (VP been (NP-PRD a big setback))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The freeze) (PP on (NP new lending))) (VP is (VP dealing (NP the single biggest blow) (PP-DTV to (NP trading))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Raymond Wong) , (NP (NP China manager) (PP for (NP (NP Mannesmann AG) , (NP a West German machinery-trading company))))) .)) (TOP (S (NP-SBJ (NP Import growth) (PP from (NP the year-earlier months))) (VP slowed (PP-CLR to (NP-1 16 %) (PP-TMP-2 in (NP July))) and (PP (NP=1 7.1 %) (PP-TMP=2 in (NP August))) , (PP compared (PP with (NP (NP an average growth rate) (PP of (NP 26 %) (PP-TMP in (NP the first half))))))) .)) (TOP (S (PP-TMP In (NP (NP the first eight months) (PP of (NP 1989)))) , (NP-SBJ imports) (VP grew (NP-EXT 21 %) , (PP-DIR to (NP (QP $ 38.32 billion) *U*)) , (ADVP down slightly (PP from (NP (NP a growth rate) (PP of (NP 23 %) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ (NP The picture) (PP for (NP (NP China 's) exports))) (VP is (ADJP-PRD just as bleak) , (PP-PRP (ADVP mainly) because of (NP the domestic credit squeeze))) .)) (TOP (S (NP-SBJ (NP Exports) (PP-TMP in (NP the first eight months))) (VP grew (NP-EXT (QP only 9) %) , (PP-DIR to (NP (QP $ 31.48 billion) *U*)) , (PP compared (PP with (NP (NP a growth rate) (PP of (NP 25 %) (ADVP-TMP (NP a year) earlier))))) , (PP according (PP to (NP Chinese customs figures)))) .)) (TOP (S (NP-SBJ-1 (NP The threat) (PP to (NP (NP (NP China 's) balance) (PP of (NP payments))))) (VP is (VP further aggravated (NP *-1) (PP by (NP-LGS (NP the plunge) (PP in (NP its foreign-exchange reserves)))) , (PP excluding (NP gold holdings)))) .)) (TOP (S (NP-SBJ The reserves) (VP dropped (PP-TMP for (NP (NP the first time) (PP in (NP recent years)))) , (PP-DIR to (NP (QP $ 14 billion) *U*) (PP-TMP in (NP June))) (PP-DIR from (NP (QP $ 19 billion) *U*) (PP-TMP in (NP April)))) .)) (TOP (S (NP-SBJ The trend) (VP has (VP prompted (S (NP-SBJ-1 Beijing) (VP to (VP intensify (NP efforts (S (NP-SBJ *-1) (VP to (VP curb (NP imports)))))))))) .)) (TOP (S (PP-TMP In (NP recent weeks)) , (NP-SBJ (NP China 's) leaders) (VP have (VP recentralized (NP (NP trading) (PP in (NP (NP wool) and (NP (NP scores) (PP of (NP chemical products and commodities)))))))) .)) (TOP (S (NP-SBJ (NP The Ministry) (PP of (NP Foreign Economic Relations and Trade))) (VP set (PRT up) (NP a special bureau) (NP-TMP last month) (S-PRP (NP-SBJ *) (VP to (VP monitor (NP (NP the issue) (PP of (NP import and export licenses))))))) .)) (TOP (S (NP-SBJ (NP (NP Beijing 's) periodic clampdowns) (PP on (NP imports))) (VP have (VP taught (NP many trading companies) (SBAR that (S (NP-SBJ (NP the best way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP get (PP-CLR through (NP the drought)) (ADVP-MNR *T*-1)))))) (VP is (PP-PRD by (S-NOM (NP-SBJ *) (VP helping (S (NP-SBJ China) (VP export)))))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP Nissho Iwai Corp.) , (NP (NP one) (PP of (NP the biggest Japanese trading houses))) ,) (ADVP-TMP now) (VP buys (NP (NP (QP almost twice as many) goods) (PP-CLR from (NP China)) (SBAR as (S (NP-SBJ it) (VP sells (PP-DTV to (NP that country))))))) .)) (TOP (S (ADVP-TMP (NP Three years) ago) , (NP-SBJ the ratio) (VP was (ADJP-PRD reversed)) .)) (TOP (S But (NP-SBJ the strategy) (VP is n't (VP helping (ADVP much) (NP-TMP this time))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Both sectors) (PP of (NP imports and exports))) (VP look (ADJP-PRD just as bad))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Masahiko Kitamura) , (NP (NP general manager) (PP of (NP (NP Nissho Iwai 's) Canton office)))) .)) (TOP (S (NP-SBJ He) (VP expects (S (NP-SBJ (NP the company 's) trading business) (VP to (VP drop (NP (QP as much as 40 %) *U*) (NP-TMP this year))))) .)) (TOP (S (PP-TMP For (NP (NP a short time) (PP-TMP after (NP June 4)))) , (NP-SBJ it) (VP appeared (SBAR that (S (NP-SBJ the trade picture) (VP would (VP remain (ADJP-PRD fairly bright)))))) .)) (TOP (S (NP-SBJ-1 (NP Many foreign trading offices) (PP-LOC in (NP Hong Kong))) (VP were (VP swamped (NP *-1) (PP-CLR with (S-NOM (NP-SBJ (NP telexes and telephone calls) (PP from (NP Chinese trade officials))) (VP urging (NP-2 them) (S not (NP-SBJ *-2) (VP to (VP sever (NP ties))))))))) .)) (TOP (S (NP-SBJ-2 (NP Even the Bank) (PP of (NP China)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (ADVP normally) took (NP-TMP-CLR weeks) (S-CLR (NP-SBJ *) (VP to (VP process (NP (NP letters) (PP of (NP credit))))))))) ,) (VP was (VP settling (NP the letters) (PP-MNR at (NP record speed)) (S-PRP (NP-SBJ *-2) (VP to (VP dispel (NP (NP rumors) (PP about (NP (NP the bank 's) financial health)))))))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 foreign traders) (VP tried (S (NP-SBJ *-2) (VP to (VP do (NP business) (ADVP-TMP *T*-1))))))) , (NP-SBJ they) (VP discovered (SBAR that (S (NP-SBJ (NP the eagerness) (PP of (NP Chinese trade officials))) (VP was (NP-PRD just a smokescreen))))) .)) (TOP (S (NP-SBJ (NP The suspension) (PP of (NP foreign loans))) (VP has (VP weakened (NP (NP the buying power) (PP of (NP (NP (NP China 's) national trading companies) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (PP-PRD among (NP (NP the country 's) biggest importers)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Business) (VP is n't (ADJP-PRD any better (PP on (NP the provincial or municipal level))))) , (NP-SBJ foreign traders) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Shanghai Investment & Trust Co.) , (VP known (NP *) (PP-CLR as (NP Sitco))) ,) (VP is (NP-PRD (NP (NP the city 's) main financier) (PP for (NP trading business)))) .)) (TOP (S (S (NP-SBJ Sitco) (VP had (ADVP customarily) (VP tapped (NP the Japanese bond market) (PP-CLR for (NP funds))))) , but (S (NP-SBJ it) (VP ca n't (VP do (NP that) (ADVP-TMP any longer)))) .)) (TOP (S (NP-SBJ Foreign traders) (VP say (SBAR 0 (S (NP-SBJ the company) (VP is (ADJP-PRD strapped (PP for (NP cash))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-3 It) (VP has (NP (NP difficulties) (S-NOM (NP-SBJ *-3) (VP paying (NP its foreign debts)))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP a Hong Kong executive) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD familiar (PP with (NP (NP Sitco 's) business))))))) .)) (TOP (SBARQ `` (WHADVP How) can (SQ (NP-SBJ it) (VP make (S (ADJP-PRD available) (NP-SBJ (NP funds) (PP for (NP purchases)))))) ? '')) (TOP (S (NP-SBJ Foreign traders) (ADVP also) (VP say (SBAR 0 (S (NP-SBJ (NP many) (PP of (NP (NP China 's) big infrastructural projects))) (VP have (VP been (VP canceled or postponed (PP-PRP because of (NP (NP the squeeze) (PP on (NP (ADJP domestic and foreign) credit)))))))))) .)) (TOP (S (NP-SBJ (NP Albert Lee) , (NP (NP a veteran trader) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP specializes (PP-CLR in (NP machinery sales)))))) ,) (VP estimates (SBAR that (S (NP-SBJ-1 (NP (QP as many as 70) %) (PP of (NP (NP projects) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP had (VP obtained (NP approval (S (NP-SBJ *) (VP to (VP proceed))))))))))) (VP have (VP been (VP canceled (NP *-1) (PP-TMP in (NP recent months)))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ There) (VP are (NP-PRD virtually no new projects))) , and (S (NP-SBJ that) (VP means (NP (NP no new business) (PP for (NP us)))))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (SBAR-TMP Even (WHADVP-3 when) (S (NP-SBJ new lending) (VP resumes (ADVP-TMP *T*-3)))) , (NP-SBJ foreign exchange) (VP would (ADVP-TMP still) (VP be (ADJP-PRD tight) (SBAR-PRP because (S (NP-SBJ-2 Beijing) (VP will (ADVP likely) (VP try (S (NP-SBJ *-2) (VP to (VP rein (PP-CLR in (NP (NP foreign borrowing) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP grown (PP-EXT between (NP (QP 30 % and 40 %) *U*)) (PP-TMP in (NP the past few years))))))))))))))))) .)) (TOP (S And (NP-SBJ-1 foreign creditors) (VP are (ADJP-PRD likely (S (NP-SBJ-3 *-1) (VP to (VP be (ADJP-PRD more cautious (PP about (S-NOM (NP-SBJ *-3) (VP extending (NP new loans))))) (SBAR-PRP because (S (NP-SBJ China) (VP is (VP nearing (NP a peak repayment period) (SBAR-ADV as (S (NP-SBJ-2 many loans) (VP start (S (NP-SBJ *-2) (VP falling (ADJP-PRD due) (PP-TMP in (NP the (QP next two to five) years)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Another reason) (PP for (NP (NP the intensity) (PP of (NP the trade problems))))) (VP is (SBAR-PRD that (S (NP-SBJ Beijing) (VP has (VP extended (NP (NP the current clampdown) (PP on (NP imports))) (PP-CLR beyond (NP (NP the usual target) (PP of (NP consumer products)))) (S-PRP (NP-SBJ *) (VP to (VP include (NP (NP steel) , (NP chemical fertilizers) and (NP plastics)))))))))) .)) (TOP (S (NP-SBJ These) (VP (VP have (VP been (PP-PRD among (NP (NP the country 's) leading imports)))) , (NP-TMP (NP particularly last year) (SBAR (WHADVP-2 when) (S (NP-SBJ there) (VP were (NP-PRD (NP shortages) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP led (S (NP-SBJ many traders) (VP to (VP (VP buy (ADVP-MNR heavily)) and (VP pay (ADVP-MNR dearly))))))))) (ADVP-TMP *T*-2)))))) .)) (TOP (S But (NP-SBJ the shortages) (ADVP also) (VP spawned (NP (NP rampant speculation) and (NP spiraling prices))) .)) (TOP (S (S-PRP (NP-SBJ *-2) (VP To (VP stem (NP speculation)))) , (NP-SBJ-2 Beijing) (VP imposed (NP (NP ceiling prices) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP went (PP-CLR into (NP effect)) (ADVP-TMP earlier (NP this year))))))) .)) (TOP (S (NP-SBJ-2 (NP Traders) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP bought (NP the goods) (PP-LOC at (NP (NP prices) (PP above (NP the ceiling))))))))) (VP (VP do n't (VP want (S (NP-SBJ *-2) (VP to (VP take (NP a loss) (PP on (NP resales))))))) and (VP are (VP holding (PP-CLR onto (NP their stock))))) .)) (TOP (S (NP-SBJ The resulting stockpiling) (VP has (VP depressed (NP the market))) .)) (TOP (S But (NP-SBJ-1 Beijing) (VP ca n't (VP cut (ADVP-DIR back) (PP on (NP (NP such essential imports) (PP as (NP raw materials)))) (PP-TMP for (NP too long)) (PP without (S-NOM (NP-SBJ *-1) (VP hampering (NP (NP the country 's) export business)))))) .)) (TOP (S (NP-SBJ (NP Mr. Kamm) , (NP the China trade expert) ,) (VP estimates (SBAR that (S (NP-SBJ-1 (NP (QP as much as 50) %) (PP of (NP (NP Guangdong 's) exports))) (VP is (VP made (NP *-1) (PRT up) (PP-CLR of (NP processed imported raw materials))))))) .)) (TOP (S-HLN (NP-SBJ Oil Spill Case) (VP Shows (NP Liability Fund Flaws)))) (TOP (S (NP-SBJ-1 (NP AN UNRESOLVED two-year-old dispute) (VP stemming (PP-CLR from (NP an Alaskan oil spill)))) (VP has (VP helped (S (NP-SBJ *-1) (VP spur (NP (NP a drive) (PP for (NP (NP tougher federal laws) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP protect (NP (NP victims) (PP of (NP such accidents)))))))))))))) .)) (TOP (S (NP-SBJ The class-action suit) (VP highlights (NP (NP shortcomings) (PP of (NP (NP the Trans-Alaska Pipeline Liability Fund) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP gets (NP its money) (PP from (NP (NP oil companies) (VP using (NP the pipeline))))) and (VP compensates (NP (NP those) (ADJP harmed (PP by (NP oil spills)))))))))))) .)) (TOP (S (PP-TMP On (NP July 2 , 1987)) , (NP-SBJ the tanker S.S. Glacier Bay) (VP (VP struck (NP a rock)) and (VP spilled (NP (NP (QP almost 150,000) gallons) (PP of (NP oil))) (PP-LOC-CLR into (NP the Cook Inlet)))) .)) (TOP (S (NP-SBJ Commercial fishermen and fish processors) (VP filed (NP suit) (PP-LOC-CLR in (NP federal court)) (PP-LOC in (NP (NP a claim) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP ballooned (PP-CLR to (NP (QP more than $ 104.8 million) *U*))))))))) .)) (TOP (S (NP-SBJ Defendants) (VP include (NP (NP British Petroleum America) ; (NP (NP Trinidad Corp.) , (NP the shipper)) ; and (NP the pipeline liability fund))) .)) (TOP (S (NP-SBJ-1 The fund) (VP was (VP created (NP *-1) (PP by (NP-LGS (NP the Trans-Alaska Pipeline Act) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP provides (SBAR that (S (NP-SBJ (NP the owner or operator) (PP of (NP (NP a vessel) (VP involved (NP *) (PP-CLR in (NP an oil spill)))))) (VP must (VP pay (NP (NP the first (QP $ 14 million) *U*) (PP in (NP damages)))))))))))))) .)) (TOP (S (NP-SBJ-1 The fund) (VP is (VP required (S (NP-SBJ *-1) (VP to (VP pay (NP claims) (NP (QP up to an additional $ 86 million) *U*)))))) .)) (TOP (S (NP-SBJ (NP The fund 's) purpose) (VP is (S-PRD (NP-SBJ *) (VP to (VP provide (NP (ADJP quick and adequate) relief))))) .)) (TOP (S But (NP-SBJ (NP the Glacier Bay case) , (NP (NP the fund 's) first test) ,) (VP shows (SBAR (WHADVP-2 how easily) (S (NP-SBJ-1 the fund) (VP can (VP be (VP undermined (NP *-1) (ADVP-MNR *T*-2))))))) .)) (TOP (S (NP-SBJ Trinidad Corp.) (VP is (VP contesting (NP liability))) .)) (TOP (S (NP-SBJ It) (VP (VP claims (SBAR 0 (S (NP-SBJ-1 the Coast Guard) (VP (VP failed (S (NP-SBJ *-1) (VP to (VP chart (NP the rock))))) and (VP refuses (S (NP-SBJ *-1) (VP to (VP pay (NP damages)))))))))) .)) (TOP (S (NP-SBJ That) (VP means (SBAR 0 (S (NP-SBJ-1 the fund) (VP is n't (VP obligated (S (NP-SBJ *-1) (VP to (VP pay (NP anything)))) , (ADVP-TMP (ADVP at least) so far)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The Oil Pollution Act) , (VP scheduled (S (NP-SBJ *) (VP to (VP come (PRT up) (PP-CLR for (NP (NP a vote) (PP-LOC in (NP Congress)))) (NP-TMP this fall))))) ,) (VP would (VP provide (SBAR that (S (SBAR-ADV if (S (NP-SBJ claimants) (VP are n't (VP paid (PP-TMP within (NP (NP 90 days) (PP of (NP a spill)))))))) , (NP-SBJ the liability fund) (VP would (VP (VP compensate (NP them)) and (VP seek (NP (NP reimbursement) (PP from (NP (NP the owner or operator) (PP of (NP the vessel))))))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP a spokesman) (PP for (NP (NP Rep. George Miller) (PRN -LRB- (NP (NP D.) , (NP-LOC Calif.)) -RRB-) , (NP (NP a sponsor) (PP of (NP the bill)))))) .)) (TOP (S (NP-SBJ The spokesman) (VP says (SBAR 0 (S (NP-SBJ (NP the `` glitch '') (PP-LOC in (NP the statute))) (VP is `` (NP-PRD (NP the worst kind) (PP of (NP Catch-22))))))) . '')) (TOP (S-HLN (NP-SBJ Many Law School Grads) (VP Find (SBAR 0 (S (NP-SBJ Classes) (ADVP-TMP Never) (VP End)))))) (TOP (S (NP-SBJ RECENT LAW school graduates) (VP are (VP (VP starting (NP (NP jobs) (PP with (NP law firms))) (NP-TMP this fall)) -- and (VP heading (ADVP-DIR back) (PP-DIR to (NP class))))) .)) (TOP (S (NP-SBJ Bar associations and consultants) (VP are (VP offering (NP (NP more programs) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP teach (NP associates) (NP (NP all) (SBAR (WHNP-1 0) (S (NP-SBJ-2 they) (VP (VP need (S (NP-SBJ *-2) (VP to (VP know (NP *T*-1) (PP about (NP law)))))) but (VP did n't (VP learn (NP *T*-1) (PP-LOC in (NP law school)))))))) (ADVP *T*-3)))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ Law school) (VP teaches (NP wonderful theory))) , but (S (NP-SBJ it) (VP does n't (VP teach (NP (NP the nuts and bolts) (PP of (NP practical lawyering))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Aaron Weitz) , (NP (NP head) (PP of (NP (NP (NP a New York County Lawyers ') Association committee) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP sponsors (NP such a course)))))))) .)) (TOP (S (PP-TMP In (NP the past)) , (NP-SBJ associates) (VP learned (NP the basics) (PP-CLR from (NP (NP senior lawyers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP acted (PP-CLR as (NP mentors)))))))) .)) (TOP (SINV (S-TPC-3 But (NP-TMP these days) , (S (NP-SBJ large firms) (VP hire (NP (NP (QP as many as 30) new associates) (NP-ADV a year)))) , and (S (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (ADJP-PRD impossible) (S-2 (NP-SBJ *) (VP to (VP (ADVP-MNR personally) train (NP everyone))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Joel Henning) (PP of (NP (NP Hildebrandt Inc.) , (NP (NP a consulting firm) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP runs (NP training classes)))))))) .)) (TOP (S (NP-SBJ The Hildebrandt course) (VP enables (S (NP-SBJ students) (VP to (VP brush (PRT up) (PP-CLR on (NP negotiation skills))))) (PP-MNR by (NP (NP role playing) (PP-LOC in (NP simulated deals))))) .)) (TOP (S (NP-SBJ-1 Students) (ADVP also) (VP are (VP taught (S (NP-SBJ *-1) (VP (VP to (VP return (NP (NP clients ') phone calls) (ADVP-TMP immediately))) and (VP to (VP treat (NP the support staff) (PP-CLR with (NP respect)))))))) .)) (TOP (S (NP-SBJ Many law firms) (VP sponsor (NP their own programs)) .)) (TOP (S (PP-LOC At (NP (NP the Baltimore firm) (PP of (NP Weinberg & Green)))) , (NP-SBJ-1 new corporate and banking associates) (VP are (VP required (S (NP-SBJ *-1) (VP to (VP enroll (PP-CLR in (NP a 20-class course))))))) .)) (TOP (S (NP-SBJ Partners) (VP lecture (PP-CLR on (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP (VP form (NP corporations)) , (VP draft (NP agreements)) and (VP defend (NP clients) (PP-CLR against (NP unwanted tender offers))) (ADVP-MNR *T*-1))))))) .)) (TOP (SINV (S-1 (ADVP-TMP Now) , (NP-SBJ clients) (VP know (SBAR that (S (NP-SBJ-2 new associates) (VP have (VP had (NP some practical training) (PP-TMP before (S-NOM (NP-SBJ *-2) (VP working (PP-CLR on (NP their cases))))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP James J. Hanks) , (NP (NP a partner) (PP-LOC at (NP the firm)))) .)) (TOP (S-HLN (NP-SBJ Los Angeles) (VP Creates (NP (NP A Courthouse) (PP for (NP Kids)))))) (TOP (S (NP-SBJ (NP THE CHILDREN) (PP of (NP Los Angeles))) (VP will (ADVP-TMP soon) (VP have (NP their own (ADJP (QP $ 52 million) *U*) courthouse))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP The building) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP handle (NP child abuse , custody and foster care cases))))) ,) (VP will (VP be (ADJP-PRD `` (ADJP (ADJP less formal) , (ADJP less threatening) and (ADJP just basically less grim)) (PP than (NP most courthouses))))) , '') (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Edmund Edelman) , (NP (NP chairman) (PP of (NP (NP the Los Angeles County Board) (PP of (NP Supervisors)))))) .)) (TOP (S (NP-SBJ Designs) (VP call (PP-CLR for (NP (NP an L-shaped structure) (PP with (NP (NP a playground) (PP-LOC in (NP the center))))))) .)) (TOP (S (NP-SBJ There) (VP will (VP be (NP-PRD recreation and movie rooms))) .)) (TOP (S (NP-SBJ-1 Teens) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP listen (PP-CLR to (NP music)) (PP-MNR with (NP headsets)))))))) .)) (TOP (S (NP-SBJ (NP Study halls) , (ADJP complete (PP with (NP reference materials))) ,) (VP will (VP be (ADJP-PRD available))) .)) (TOP (S And (NP-SBJ there) (VP will (VP be (NP-PRD (NP (NP a nurse 's) station) and (NP (NP rooms) (SBAR (WHADVP-1 0) for (S (NP-SBJ children) (VP to (VP meet (PP-CLR with (NP social workers)) (ADVP-LOC *T*-1))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The building 's) 25 courtrooms) (VP will (VP be (ADJP-PRD smaller)))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Charlene Saunders) , (NP a court administrator)) .)) (TOP (S (S (NP-SBJ The bench) (VP will (VP be (ADJP-PRD lower) (SBAR-ADV so (S (NP-SBJ the judge) (VP seems (ADJP-PRD less intimidating))))))) , and (S (NP-SBJ walls) (VP will (VP be (VP (VP painted (PP-MNR in (NP bright colors))) and (VP covered (PP-CLR with (NP murals))))))) .)) (TOP (S (NP-SBJ (NP Cases) (PP-LOC in (NP Los Angeles County)) (VP involving (NP dependent children))) (VP are (ADVP-TMP usually) (VP heard (PP-LOC in (NP the Criminal Courts Building)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 We) (VP need (S (NP-SBJ *-1) (VP to (VP get (NP the kids) (PP-CLR away (PP from (NP the criminals))) (PP-CLR into (NP a less traumatic environment)))))) , '') (VP says (S *T*-2)) (NP-SBJ Mr. Edelman) .)) (TOP (S-2 (S (NP-SBJ (NP (QP About 45,000) children) (PP-LOC in (NP Los Angeles County))) (VP are (PP-PRD under (NP court supervision)))) (PRN , (S (NP-SBJ Mr. Edelman) (VP says (SBAR 0 (S *T*-2)))) ,) and (S (NP-SBJ-1 (NP an average) (PP of (NP 1,500 new children))) (VP are (VP added (NP *-1) (NP-TMP each month)))) .)) (TOP (S (NP-SBJ-2 (NP The courthouse) , (S (NP-SBJ-1 *) (VP to (VP be (VP built (NP *-1) (PP-LOC in (NP Monterey Park)))))) ,) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP open (PP-TMP in (NP (NP the spring) (PP of (NP 1992))))))))) .)) (TOP (S-HLN (NP-SBJ Law Firm Management) (VP Can (VP Be (NP-PRD Quite Rewarding))))) (TOP (S (NP-SBJ-1 (NP IT) (S *EXP*-2)) (VP PAYS (S-2 (NP-SBJ *-1) (VP to (VP follow (NP a management career path) -- (PP-LOC (ADVP even) at (NP law firms)))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP the conclusion) (PP of (NP (NP a recent study) (PP of (NP large law firms)) (VP conducted (NP *) (PP by (NP-LGS (NP Altman & Weil Inc. ,) (NP an (NAC-LOC Ardmore , Pa. ,) law firm consultant)))))))) .)) (TOP (S (NP-SBJ (NP Its survey) (PP of (NP (NP 96 firms) , (NP (NP each) (PP with (NP (QP 100 to 1,000) lawyers))) ,))) (VP shows (SBAR that (S (NP-SBJ managing partners) (VP earned (NP (NP an average) (PP of (NP (NP $ 395,974 *U*) (PP in (NP compensation and cash benefits))))) (PP-TMP in (NP (NP the firms ') 1988 fiscal years)))))) .)) (TOP (S (NP-SBJ-4 (NP Managing partners) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP responded (PP-CLR to (NP the survey)))))) (VP (ADVP typically) (VP spend (NP-CLR-2 (QP over half) their time) (S-CLR-3 (NP-SBJ *-4) (VP supervising (NP (NP their firms ') day-to-day operations)))) and (VP (NP-CLR=2 (NP (QP just a little more than a third)) (PP of (NP their time))) (S-CLR=3 (NP-SBJ *-4) (VP practicing (NP law))))) .)) (TOP (S (NP-SBJ-2 (NP Partners) (PP-LOC in (NP the survey)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP devote (NP (NP most) (PP of (NP their time))) (PP to (S-NOM (NP-SBJ *-2) (VP practicing (NP law)))))))) (VP earned (NP (NP an average) (PP of (NP (QP about $ 217,000) *U*)))) .)) (TOP (S (NP-SBJ (NP Chairman Jamie Whitten) (PRN -LRB- (NP (NP D.) , (NP-LOC Miss .)) -RRB-) (PP of (NP the House Appropriations Committee))) (VP proposed (NP (NP a (ADJP (QP $ 2.85 billion) *U*) emergency funding package) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP (VP assist (NP (NP (NP California 's) recovery) (PP from (NP (NP last week 's) earthquake)))) and (VP extend (NP further aid) (PP-CLR to (NP (NP East Coast victims) (PP of (NP Hurricane Hugo))))) (ADVP *T*-1))))))) .)) (TOP (S (NP-SBJ The sweeping measure) (VP incorporates (NP (NP (NP (QP $ 500 million) *U*) (PP in (NP small-business loans))) , (NP (NP (QP $ 1 billion) *U*) (PP in (NP highway-construction funds))) and (NP (NP (QP $ 1.25 billion) *U*) (VP divided (NP *) (PP-CLR between (NP (NP general emergency assistance) and (NP (NP a reserve) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP be (ADJP-PRD available (PP to (NP President Bush)) (S (NP-SBJ *) (VP to (VP meet (NP (NP unanticipated costs) (PP from (NP the two disasters)))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The funds) (VP would (VP be (VP attached (NP *-1) (PP-CLR to (NP (NP a stop-gap spending bill) (VP required (S (NP-SBJ *) (VP to (VP keep (S (NP-SBJ (NP most) (PP of (NP the government))) (VP operating (PP-TMP past (NP Wednesday))))))))))))) .)) (TOP (S (NP-SBJ-2 The measure) (VP is (VP scheduled (S (NP-SBJ-1 *-2) (VP to (VP be (VP taken (NP *-1) (PRT up) (PP by (NP-LGS the Appropriations Committee)) (NP-TMP today))))))) .)) (TOP (S (NP-SBJ-1 The panel) (VP (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP add (NP (NP provisions) (VP waiving (NP (NP restrictions) (PP on (NP (NP the use) (PP of (NP federal highway funds)))))))))))) and (VP may also (VP shift (NP money) (PP-LOC within (NP the package)) (S-PRP (NP-SBJ *-1) (VP to (VP bolster (NP (NP the share) (PP for (NP the Small Business Administration))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ We) (VP will (VP support (NP it)))) , (S (NP-SBJ we) (VP will (VP thank (NP him)))) , and (S (NP-SBJ we) (VP will (VP augment (NP it) (SBAR-LOC (WHADVP where) (FRAG (ADJP appropriate))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Rep. Vic Fazio) (PRN -LRB- (NP (NP D.) , (NP-LOC Calif .)) -RRB-)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Dubbed (NP (NP the `` Dire Emergency Supplemental) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP Meet (NP (NP the Needs) (PP of (NP (NP Natural Disasters) (PP of (NP National Significance)))))))))))) , '' (NP-SBJ-1 the measure) (VP is (NP-PRD vintage Whitten) (PP (PP in (S-NOM (NP-SBJ *) (VP asserting (NP federal responsibility)))) and (PP in (S-NOM (NP-SBJ *) (VP disdaining (NP budget impediments)))))) .)) (TOP (S-1 (S `` (NP-SBJ-2 Such other amounts) (VP will (VP be (VP made (S (NP-SBJ *-2) (ADJP-PRD available)) (ADVP-TMP subsequently) (SBAR-ADV as (FRAG (VP required))))))) (PRN , '' (S (NP-SBJ the legislation) (VP reads (SBAR 0 (S *T*-1)))) ,) and (S (NP-SBJ the new obligations) `` (VP shall not (VP be (NP-PRD (NP a charge) (PP against (NP (NP the Budget Act) , (NP Gramm-Rudman-Hollings) , or (NP other ceilings))))))) .)) (TOP (S (NP-SBJ (NP Moody 's) Investors Service Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP lowered (NP (NP the ratings) (PP of (NP (NP some (QP $ 145 million) *U*) (PP of (NP Pinnacle debt))))) (PP-PRP because of (NP `` (NP accelerating deficiency) (PP in (NP liquidity)) , '' (SBAR (WHNP-2 which) (S (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ-1 *T*-2) (VP was (VP evidenced (NP *-1) (PP by (NP-LGS (NP (NP Pinnacle 's) elimination) (PP of (NP dividend payments))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Henry Sargent Jr.) , (NP Pinnacle executive vice president) ,) (VP said (SBAR 0 (S (NP-SBJ the action) `` (VP wo n't (ADVP really) (VP have (NP any effect) (PP-CLR on (NP us))))))) .)) (TOP (S (S (NP-SBJ We) (VP are n't (VP selling (NP bonds) (ADVP-TMP right now)))) , and (S (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ it) (VP will (VP affect (NP (NP the value) (PP of (NP our existing bonds)))))))))) . '')) (TOP (S (NP-SBJ The rating agency) (VP said (SBAR 0 (S (NP-SBJ it) (VP lowered (NP (NP the ratings) (PP on (NP (NP (QP $ 75 million) *U*) (PP of (NP (NP the holding company 's) convertible subordinated Eurodebentures))))) (PP-DIR to (ADJP B-3)) (PP-DIR from (ADJP B-1)))))) .)) (TOP (S (NP-SBJ (NP Moody 's)) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP also) (VP (VP lowered (NP (NP the ratings) (PP of (NP (NP (QP $ 70 million) *U*) (PP-3 of (NP (NP Pinnacle 's) MeraBank thrift unit long-term deposits))))) (PP-DIR-1 to (ADJP B-3)) (PP-DIR-2 from (ADJP B-2))) , and (VP (PP=3 on (NP its subordinated debt)) (PP-DIR=1 to (ADJP Ca)) (PP-DIR=2 from (ADJP Caa))))))) .)) (TOP (S (NP-SBJ (NP (NP MeraBank 's) rating) (PP for (NP short-term deposits))) (VP remains (ADJP-PRD Not Prime)) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Securities) (PP of (NP MeraBank))) (VP (VP were (VP placed (PP-LOC-CLR under (NP review)) (NP-TMP last May))) , and (VP will (VP remain (PP-PRD under (NP review)) (PP for (NP downgrade)))))) , (NP-SBJ the agency) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (X (ADVP-TMP First) , (NP (NP the somewhat affected idealism) (PP of (NP the 1960s))) .)) (TOP (X (ADVP-TMP Then) , (NP (NP the all-too-sincere opportunism) (PP of (NP the 1970s and 1980s))) .)) (TOP (X (SBARQ (WHNP What) (ADVP-TMP now)) ?)) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP judge (PP-CLR from (NP (NP novels) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP mirror (NP the contemporary scene))))))))) , (NP-SBJ we) (VP 're (ADVP-PRD back (PP in (NP (NP the age) (PP of (NP anxiety)))))) .)) (TOP (S (SBAR-LOC (WHADVP-2 Where) (S (S (NP-SBJ-4 '60s dropouts) (VP professed (S (NP-SBJ *-4) (VP to (VP scorn (NP middle-class life)))))) and (S (NP-SBJ-3 ambitious yuppies) (VP hoped (S (NP-SBJ *-3) (VP to (VP leave (NP it) (ADVP-LOC far behind)))) (SBAR-TMP as (S (NP-SBJ they) (VP scaled (NP (NP the upper reaches) (PP of (NP success)))))))) (ADVP-LOC *T*-2))) , (NP-SBJ it) (ADVP-TMP now) (VP seems (SBAR that (S (NP-SBJ (NP so many people) (SBAR *ICH*-5)) (VP feel (SBAR 0 (S (NP-SBJ they) (VP 're (VP slipping (PP-LOC-CLR between (NP the cracks)))))) , (SBAR-5 that (S (NP-SBJ-1 middle-class life) (VP is (VP viewed (NP *-1) (PP-CLR with (NP (NP nostalgia) or (NP outright longing))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Lisa Zeidner 's) third novel) , (NP `` (NP-TTL Limited Partnerships) '' (PRN -LRB- (NP (NP North Point Press) , (NP 256 pages) , (NP $ 18.95 *U*)) -RRB-))) (VP is (NP-PRD (NP a (ADJP stylish , funny and thoughtful) look) (PP at (NP (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ-2 love relationships) (VP are (VP affected (NP *-2) (PP-LGS by (NP (NP (NP the pressures) (PP of (NP money))) , or , (ADVP more specifically) , (NP (NP the lack) (PP of (NP it))))) (ADVP-MNR *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP (NP Nora Worth) and (NP Malcolm DeWitt)) , (NP 33 and 39) (ADVP respectively) ,) (VP live (ADVP-CLR together) (PP-LOC-CLR in (NP (NP a townhouse) (PP-LOC in (NP a transitional Philadelphia neighborhood))))) .)) (TOP (S (NP-SBJ (NP Malcolm) , (NP (NP a former film-maker) (VP turned (NP-PRD architect))) ,) (VP has (ADVP just) (VP seen (S (NP-SBJ (NP his first big chance) (PP at (NP a lucrative commission))) (VP turn (PP-CLR to (NP dust)) (PP with (NP (NP the arrest) (PP of (NP (NP his shady , obnoxious client) , (NP a fly-by-night real estate developer))))))))) .)) (TOP (S (NP-SBJ (NP Nora) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP still) (VP has (NP artistic aspirations)))) ,) (VP knows (SBAR 0 (S (NP-SBJ she) (VP is (ADJP-PRD lucky (S (NP-SBJ *) (VP to (VP be (VP (VP working (PP-CLR as (NP a food stylist))) , (VP prepping (S (NP-SBJ (NP pies) , (NP burgers) , (NP frosty cold drinks) and (NP other comestibles)) (VP to (VP look (ADJP-PRD (ADJP as appetizing) (PP as (ADJP possible)) (PP-LOC in (NP (NP front) (PP of (NP the camera)))))))))))))))))) .)) (TOP (S (PP After (NP all)) (PRN , (S (NP-SBJ she) (VP reasons)) ,) `` (NP-SBJ there) (VP were (NP-PRD (NP housewives) (PP with (NP (NP Nikons) and (NP (NP degrees) (PP from (NP (NP cooking schools) (PP-LOC in (NP France))))))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP would (VP kill (PP-PRP for (NP her job)))))))) . '')) (TOP (S But (NP-SBJ Nora and Malcolm) (VP feel (ADJP-PRD trapped)) .)) (TOP (S (NP-SBJ-1 They) (VP seem (S (NP-SBJ *-1) (VP to (VP be (VP having (NP (NP (NP the `` worst) (PP of (NP both worlds))) : (NP (NP artistic work) (PP with (NP (NP (NP none) (PP of (NP (NP art 's) integrity))) and (NP (NP no control) (PP over (NP the finished product)))))) ; (NP (NP self-employment) (PP without (NP fun or profit))))))))) . '')) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP a downbeat , `` thirtysomething '' world) , (SBAR (WHPP-4 in (WHNP which)) (S (NP-SBJ-1 bright , still youngish people) (VP are (VP engaged (NP *-1) (PP in (NP (NP a glossy version) (PP of (NP day labor)))) , (S-ADV (NP-SBJ *-1) (VP doing (NP (NP free-lance , semi-professional work) (SBAR (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP brings (NP little satisfaction or security)))) but (SBAR (WHNP-3 that) (S (NP-SBJ they) (VP know (SBAR 0 (S (NP-SBJ-5 they) (VP should (VP be (ADJP-PRD grateful (S (NP-SBJ *-5) (VP to (VP do (NP *T*-3)))))))))))))))) (PP-LOC *T*-4))))))) .)) (TOP (S (NP-SBJ Uncertainty) (VP dogs (NP (NP every aspect) (PP of (NP their lives)))) .)) (TOP (S (S (NP-SBJ Malcolm) (VP faces (NP (NP bankruptcy) and (NP an IRS audit)))) , but (S (NP-SBJ Nora) (VP finds (NP an extra $ 30,000 *U*) (PP-LOC in (NP her bank account)) , (S-ADV (NP-SBJ *) (ADVP-TMP suddenly) (VP increasing (NP her available funds) (NP-EXT some fifteenfold))))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ she) (VP is (VP wondering (SBAR whether (S (NP-SBJ *) (VP to (VP (VP live (NP it) (PRT up)) , and (VP do (NP (NP something) (ADJP even more dramatic)) , (S-ADV (NP-SBJ *) (VP say (S (NP-SBJ *) (VP get (VP married)))))))))))))) , (NP-SBJ her life) (VP is (ADJP-PRD further complicated (PP by (NP (NP the reappearance) (PP of (NP (NP an old flame) , (NP (NP David) , (NP (NP a film critic and actor) (SBAR (WHNP-1 who) (S (ADVP-TMP always) (NP-SBJ-2 *T*-1) (VP seems (S (NP-SBJ *-2) (VP to (VP be (PP-PRD (ADVP just) on (NP (NP the brink) (PP of (NP stardom)))))))))))))))))) .)) (TOP (S (PP In (NP (NP novels) (PP of (NP an earlier vintage)))) , (S (NP-SBJ-1 David) (VP would (VP have (VP represented (NP-2 excitement and danger))))) ; (S (NP-SBJ=1 Malcolm) , (NP=2 placid , middle-class security)) .)) (TOP (S (S (NP-SBJ (NP The irony) (PP in (NP this novel))) (VP is (SBAR-PRD that (S (NP-SBJ neither man) (VP represents (NP a `` safe '' middle-class haven)))))) : (S (NP-SBJ (NP Nora 's) decision) (VP is (PP-PRD between (NP (NP emotional excitement) and (NP emotional security))) , (PP with (NP no firm economic base anywhere)))) .)) (TOP (S (NP-SBJ The characters) (VP confront (NP (NP a world) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ (NP it) (S *EXP*-1)) (VP seems (ADJP-PRD increasingly difficult) (S-1 (NP-SBJ *) (VP to (VP find (NP (NP a `` middle way '') (PP between (NP (NP the extremes) (PP of (NP (NP success and failure) , (NP wealth and poverty))))))))) (PP-LOC *T*-2)))))) .)) (TOP (S (PP In (S-NOM (NP-SBJ *-1) (VP making (S (NP-SBJ Malcolm and Nora) (NP-PRD (NP such wonderfully representative specimens) (PP of (NP their class and generation))))))) , (NP-SBJ-1 Ms. Zeidner) (VP has (VP (ADVP somewhat) neglected (NP (NP the task) (PP of (S-NOM (NP-SBJ *) (VP making (S (NP-SBJ them) (NP-PRD distinctively individual characters)))))))) .)) (TOP (S (NP-SBJ (NP The humor) (PP of (NP the story))) (VP owes (NP much) (PP-CLR to (NP the fact (SBAR that (S (NP-SBJ-1 (NP no hearts) (PRN -LRB- (NP even (NP the characters ') own) -RRB-)) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP bleed (PP for (NP (NP the plight) (PP of (NP health-food eaters)))))))))))))) .)) (TOP (S But (NP-SBJ readers) (VP may (ADVP well) (VP feel (NP-PRD (NP the pangs) (PP of (NP recognition))))) .)) (TOP (S (PP In (NP any case)) , (NP-SBJ the foundering middle classes) (VP are n't (NP-PRD (NP the only ones) (PP in (NP trouble)) -- or (SBAR (WHNP-1 whose troubles) (S (NP-SBJ *T*-1) (VP provide (NP (NP material) (PP for (NP fiction)))))))) .)) (TOP (S (NP-SBJ `` (NP-TTL Rascal Money) '' (PRN -LRB- (NP (NP Contemporary Books) , (NP 412 pages) , (NP $ 17.95 *U*)) -RRB-) , (NP (NP a novel) (PP by (NP consultant and business analyst Joseph R. Garber))) ,) (VP tells (NP (NP the story) (PP of (NP (NP an innovative , well-run , (ADJP widely respected) computer manufacturing company) (VP called (S (NP-SBJ *) (NP-PRD PegaSys)))))) (SBAR-TMP as (S (NP-SBJ it) (VP faces (NP (NP a hostile takeover attempt) (PP by (NP (NP AIW) , (NP (NP a much smaller corporation) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP is (VP (ADVP-MNR (ADVP so incompetently) (SBAR *ICH*-3)) managed (NP *-1) (SBAR-3 as (S (NP-SBJ *) (VP to (VP constitute (NP (NP a standing joke) (PP-LOC in (NP the business world))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Patrician , dynamic Scott Thatcher) , (NP (NP founder and head) (PP of (NP PegaSys))) ,) (ADVP-TMP initially) (VP finds (S (NP-SBJ the takeover threat) (ADJP-PRD risible))) .)) (TOP (S But , (SBAR as (S (NP-SBJ (NP he) and (NP his skilled team)) (ADVP-TMP soon) (VP discover))) , (NP-SBJ they) (VP 're (ADVP-PRD up (PP against (NP (NP (NP two factors) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP had n't (VP counted (PP-CLR on (NP *T*-1))))))) : (NP (NP (LST first) , (NP (NP a business climate) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-5 (NP a failing company) (PP with (NP (NP few assets) and (NP many debts)))) (VP can (VP borrow (PP against (NP (NP the assets) (PP of (NP (NP the successful company) (SBAR (WHNP-3 0) (S (NP-SBJ-4 it) (VP hopes (S (NP-SBJ *-4) (VP to (VP acquire (NP *T*-3))))))))))) (SBAR-PRP in order (S (NP-SBJ *-5) (VP to (VP finance (NP the takeover))))) (PP-LOC *T*-2)))))))) ; (NP (LST second) , (SBAR that (SINV (VP-TPC-6 standing (PP-LOC behind (NP AIW))) (VP is (VP *T*-6)) (NP-SBJ (NP a sinister consortium) (PP of (NP (NP (ADJP (ADJP much bigger) , (ADJP shadier) and (ADJP shrewder)) foreign interests) (VP (ADVP-MNR secretly) providing (NP (NP the money and muscle) (PP for (NP the deal)))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Garber) (VP manages (S (NP-SBJ *-1) (VP to (VP invest (NP (NP this tale) (PP of (NP financial wars))) (PP-CLR with (NP (NP the colorful characters) and (NP (NP fast-paced action) (PP of (NP a suspense novel))))))))) .)) (TOP (S And (PP like (NP a spy or mystery story)) , (NP-SBJ this novel) (VP has (NP (NP strong elements) (PP of (NP allegory))) , (SBAR-ADV as (S (NP-SBJ the (ADJP good and evil) forces) (VP battle (NP it) (PRT out))))) .)) (TOP (S (NP-SBJ Mr. Garber) (VP depicts (NP these moral qualities) (PP-CLR with (NP (NP the broad brush strokes) (PP of (NP (NP a satire) (SBAR (WHNP-1 that) (S (ADVP-TMP occasionally) (NP-SBJ *T*-1) (VP descends (PP-DIR to (NP (NP the realm) (PP of (NP cliched caricatures)))))))))))) .)) (TOP (S (NP-SBJ (NP Standard-issue portraits) (PP of (NP (NP flaky Californians) , (NP snobbish homosexuals) and (NP Neanderthal union leaders)))) (VP undermine (NP (NP the force) (PP of (NP (NP the author 's) perceptions)))) .)) (TOP (S (S (ADVP Yet) (NP-SBJ (NP the heavy-handedness) (PP of (NP the satire))) (ADVP also) (VP can (VP be (ADJP-PRD effective (PP in (NP (NP a book) (PP like (NP this)))))))) : (S (SBAR-ADV If (S (NP-SBJ-2 (NP the head) (PP of (NP AIW))) (VP were not (VP portrayed (NP *-2) (PP-CLR as (NP an (ADJP utterly contemptible) , malicious dolt)))))) , (NP-SBJ we) (VP (VP would not (VP (ADVP much) care (SBAR whether (S (NP-SBJ-1 his schemes) (VP were (VP defeated (NP *-1))))))) , and (VP would not (VP be (VP (ADVP so) diverted (PP-TMP in (NP the process))))))) .)) (TOP (S (NP-SBJ Ms. Rubin) (VP is (NP-PRD (NP a free-lance writer) (VP based (NP *) (PP-LOC-CLR in (NP Los Angeles))))) .)) (TOP (S (NP-SBJ-1 High-definition television) (VP promises (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the TV) (PP of (NP tomorrow)))))) , (SBAR-ADV so (S (NP-SBJ it) (VP is (NP-PRD a natural multibillion-dollar market))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ major U.S. manufacturers) (VP have (ADVP all but) (VP ceded (NP (NP the main segment) (PP of (NP that future business))) (PP-DTV to (NP Japan)))))) , (NP-SBJ-1 not everyone) (ADVP-LOC here) (VP is (ADJP-PRD ready (S (NP-SBJ *-1) (VP to (VP give (PRT up)))))) .)) (TOP (S (NP-SBJ-2 (NP A handful) (PP of (NP small U.S. companies))) (VP are (VP struggling (S (NP-SBJ *-2) (VP to (VP develop (NP (NP the technology) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP build (NP (NP the screens) (PP for (NP (NP the thin , high-quality televisions) (SBAR (WHNP-1 that) (S (NP-SBJ-4 *T*-1) (VP are (VP expected (S (NP-SBJ *-4) (VP to (VP hang (PP-LOC-CLR on (NP living room walls))))) (PP-TMP by (NP (NP the end) (PP of (NP the 1990s))))))))))))))))))))) .)) (TOP (S (PP With (NP (NP only small help) (PP from (NP the government)))) , (NP-SBJ-2 these start-up concerns) (VP are (VP trying (S (NP-SBJ *-2) (VP to (VP compete (PP-CLR with (NP (NP the Goliaths) (PP of (NP the Japanese consumer electronics industry)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP enjoy (NP (NP considerable backing) (PP from (NP the Japanese government))))))))))))) .)) (TOP (S (NP-SBJ-2 (NP Photonics Technology Inc.) (PP of (NP (NP Northwood) , (NP Ohio) ,))) (VP aims (S (NP-SBJ *-2) (VP to (VP use (NP-3 (NP a new form) (PP of (NP plasma technology))) (S-CLR (NP-SBJ *-3) (VP to (VP put (NP movie-quality images) (PP-PUT on (NP (NP a TV display) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (UCP-PRD (NP (NP 40 inches) (PP in (NP diameter))) but (ADJP (NP (QP only a few) inches) thick)))))))))))))) .)) (TOP (S (NP-SBJ (NP Planar Systems Inc.) (PP of (NP (NP Beaverton) , (NP Ore.) ,)) (NP (NP the largest) (PP of (NP these firms)) , (PP with (NP (NP (QP $ 20 million) *U*) (PP in (NP annual revenue))))) ,) (VP has (NP similar plans)) .)) (TOP (S (NP-SBJ It) (ADVP-TMP already) (VP has (VP had (NP (NP success) (PP in (NP (NP electroluminescence) ,) (NP (NP another promising technology) (ADJP adaptable (PP for (NP high-definition television)))))))) .)) (TOP (S (NP-SBJ (NP Two other firms) , (NP (NP (NP Ovonic Imaging Systems Inc.) (PP of (NP (NP Troy) , (NP Mich.) ,))) and (NP (NP Magnascreen Corp.) (PP of (NP Pittsburgh))))) (VP are (VP developing (NP (NP a variation) (PP of (NP the flat-panel screens)) (VP called (S (NP-SBJ *) (NP-PRD active-matrix liquid crystal displays)))))) .)) (TOP (S (NP-SBJ-2 The new technologies) (VP are (VP intended (S (NP-SBJ *-2) (VP to (VP retire (NP (NP the cathode-ray tube) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP accounts (PP-CLR for (NP (NP most) (PP of (NP (NP the bulk) (PP of (NP the conventional TV set))))))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Replacing (NP the cathode-ray tube) (PP-CLR with (NP a large , thin screen)))) (VP is (NP-PRD (NP the key) (PP to (NP (NP the creation) (PP of (NP (NP (NP a high-definition television) , or (NP HDTV) ,) (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP become (NP-PRD a (ADJP (QP $ 30 billion) *U*) business) (ADVP-LOC world-wide) (PP-TMP within (NP a decade))))))))))))))) .)) (TOP (S (NP-SBJ Large U.S. companies) (VP are (ADJP-PRD interested (PP in (NP (NP other segments) (PP of (NP the HDTV business)) , (PP such as (NP signal-processing and broadcast equipment)))))) .)) (TOP (S But (PP except (PP for (NP (NP Zenith Electronics Corp.) and (NP (NP International Business Machines Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP collaborating (PP-CLR with (NP Toshiba)) (PP on (NP computer displays)))))))))) , (NP-SBJ-2 they) (VP are (VP (ADVP-MNR poorly) positioned (S (NP-SBJ *-2) (VP to (VP exploit (NP (NP advances) (PP-LOC in (NP large panels)))))))) .)) (TOP (S (NP-SBJ General Electric Co.) (ADVP-TMP recently) (VP sold (PRT off) (NP (NP its interests) (PP in (NP liquid-crystal displays))) (PP-DTV to (NP (NP Thompson-CSF) (PP of (NP France))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP found (S (NP-SBJ the market) (VP not developing (SBAR-ADV as (S (NP-SBJ we) (VP thought (SBAR 0 (S (NP-SBJ it) (VP would (VP *?*))))))))))) , '' (NP-SBJ a GE spokesman) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ The small U.S. firms) (VP are (VP persisting (UCP-PRP (PP because of (NP (NP their strong positions) (PP-LOC in (NP patents))) ,) and (SBAR because (S (NP-SBJ the prize) (VP is (ADVP-TMP still) (ADVP-PRD there) (S-PRP (NP-SBJ-1 *) (VP to (VP be (VP seized (NP *-1))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ No one) (ADVP-TMP yet) (VP has (VP shown (NP the ability (S (NP-SBJ *) (VP to (VP manufacture (NP these panels) '' (PP-MNR at (NP commercial costs))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Zvi Yaniv) , (NP (NP the president) (PP of (NP Ovonic Imaging)))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ he) (VP thinks (SBAR 0 (S (NP-SBJ-1 his company) (VP is (NP-PRD (NP just a few years) (PP from (S-NOM (NP-SBJ *-1) (VP doing (NP that)))))))))))) .)) (TOP (S (NP-SBJ (NP The Bush administration) , (VP hearing (NP (NP conflicting advice) (PP about (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP its role) (PP-LOC in (NP HDTV))) (VP should (VP be (NP-PRD *T*-1)))))))) ,) (VP is n't (VP doing (NP much) (PP-TMP for (NP now)))) .)) (TOP (S (NP-SBJ (NP The only material support) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP is (VP extending (NP *T*-1) (PP-DTV to (NP the struggling U.S. industry))))))) (VP is (NP-PRD (NP-PRD (QP $ 30 million) *U*) (PP in (NP (NP awards) (PP from (NP (NP the Pentagon 's) Defense Advanced Research Projects Agency)))))) .)) (TOP (S (NP-SBJ The DARPA funds) (VP are (NP-PRD a pittance) (PP compared (PP with (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP Japan) and (NP other prospective competitors)) (VP are (VP spending (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ The Commerce Department) (VP estimates (SBAR that (S (NP-SBJ (NP Japanese government and industry spending) (PP on (NP HDTV research))) (VP is (ADVP-TMP already) (PP-PRD over (NP (QP $ 1 billion) *U*)))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV Unless (S (NP-SBJ it) (VP gets (NP more help)))) , (NP-SBJ the U.S. industry) (VP wo n't (VP have (NP a chance)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Peter Friedman) , (NP (NP Photonics 's) executive vice president)) .)) (TOP (S (ADVP-TMP Thus far) , (NP-SBJ (NP almost all) (PP of (NP (NP the basic technology) (VP relating (PP to (NP high-definition television)))))) (VP has (VP come (PP-CLR from (NP U.S. laboratories)))) .)) (TOP (S But (NP-SBJ (NP Peter Brody) , (NP (NP Magnascreen 's) president) ,) (VP says (SBAR 0 (S (NP-SBJ-1 Japanese companies) (VP are (VP poised (S (NP-SBJ *-1) (VP to (VP (VP snatch (NP the technology)) and (VP put (NP it) (PP-PUT to (NP commercial use)))) , (SBAR-ADV just as (S (NP-SBJ they) (VP did (PP-CLR with (NP (NP earlier U.S. innovations) (PP in (NP (NP color television) and (NP video recording))))))))))))))) .)) (TOP (S (PP-TMP In (NP the 1970s)) , (NP-SBJ-1 Mr. Brody) (VP helped (S (NP-SBJ *-1) (VP develop (NP (NP the first display panels) (VP based (NP *) (PP-LOC-CLR on (NP active-matrix liquid crystals)))) (PP-LOC at (NP (NP (NP Westinghouse Electric Corp. 's) research labs) (PP-LOC in (NP Pittsburgh))))))) .)) (TOP (S (NP-SBJ The panels) (VP are (PP-PRD like (NP (NP oversized semiconductors) (VP surfaced (NP *) (PP-CLR with (NP (NP (QP a million or more) picture elements) , (NP (NP each) (VP contributing (PP-CLR to (NP (NP the color and tone) (PP of (NP a TV image)))))))))))) .)) (TOP (S (PP-TMP In (NP 1979)) , (ADVP however) , (NP-SBJ Westinghouse) (VP abandoned (NP the project) (PP along (PP with (NP (NP its stake) (PP-LOC in (NP advanced television)))))) .)) (TOP (S (NP-SBJ-1 Mr. Brody) (VP left (NP the company) (S-PRP (NP-SBJ *-1) (VP to (VP find (NP other backers))))) .)) (TOP (S (S (NP-SBJ He) (VP has (NP (NP a claim) (PP to (NP the right (S (NP-SBJ *) (VP to (VP commercialize (NP the Westinghouse patents))))))))) , but (S (NP-SBJ he) (VP contends (SBAR that (S (NP-SBJ-1 those patents) (VP are (VP being (VP infringed (NP *-1) (PP by (NP-LGS (NP a number) (PP of (NP Japanese producers))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Most American investors) (VP have (ADVP just) (VP given (PRT up)))) , '' (NP-SBJ Mr. Brody) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ-1 They) (VP are n't (ADJP-PRD prepared (S (NP-SBJ *-1) (VP to (VP compete (PP-LOC in (NP (NP an area) (SBAR (WHADVP-2 where) (S (NP-SBJ-3 the Japanese) (VP want (S (NP-SBJ *-3) (VP to (VP enter (ADVP-LOC *T*-2)))))))))))))) . '')) (TOP (S (S (NP-SBJ Many critics) (VP question (NP (NP (NP the industry 's) need) (PP for (NP federal support))))) ; (S (NP-SBJ the Pentagon) (VP justifies (NP its help) (PP on (NP national-security grounds)))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ We) (VP do n't (VP see (NP (NP a domestic source) (PP for (NP (NP some) (PP of (NP our -LCB- HDTV -RCB- requirements)))))))) , and (S (NP-SBJ that) (VP 's (NP-PRD (NP a source) (PP of (NP concern)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Michael Kelly) , (NP (NP director) (PP of (NP (NP DARPA 's) defense manufacturing office)))) .)) (TOP (S (ADVP So) (NP-SBJ-1 DARPA) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP keep (S (NP-SBJ the industry) (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *) (VP developing (NP large display panels))))))))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP doling (PRT out) (NP research funds)))))) .)) (TOP (S (NP-SBJ HDTV) (ADVP-TMP already) (VP has (NP (NP some military applications) , (PP such as (S-NOM (NP-SBJ *) (VP (VP creating (NP realistic flight simulations)) and (VP transmitting (NP information) (PP-CLR to (NP combat commanders)))))))) .)) (TOP (S (S (NP-SBJ The Navy) (VP is (VP ordering (NP displays) (PP-BNF for (NP its Aegis cruisers))))) and (S (NP-SBJ the Army) (VP wants (NP (NP smaller versions) (PP for (NP its Abrams battle tanks))))) .)) (TOP (S (NP-SBJ-2 The Commerce Department) (ADVP also) (VP is (VP trying (S (NP-SBJ *-2) (VP to (VP encourage (NP HDTV)))) (PP-PRP because of (NP (NP the benefits) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP spin (ADVP off) (PP to (NP the semiconductor and computer industries)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP is n't (NP-PRD just yuppie television))) , '' (VP argues (S *T*-1)) (NP-SBJ (NP Jack Clifford) , (NP (NP director) (PP of (NP (NP (NP the department 's) office) (PP of (NP microelectronics and instrumentation)))))) .)) (TOP (S `` (NP-SBJ The industry) (VP will (VP create (NP (NP industrial products) (PP such as (NP (NP displays) (PP for (NP (NP work stations) and (NP medical diagnostic equipment)))))) (SBAR-TMP before (S (NP-SBJ it) (VP acquires (NP a mass consumer market)))))) . '')) (TOP (S (SBAR-ADV Although (S (NP-SBJ some HDTV advocates) (VP are (VP calling (PP-CLR for (NP (NP other forms) (PP of (NP aid)) , (PP such as (NP (NP antitrust relief) (PP for (NP research consortia)))) ,)))))) (NP-SBJ the small firms) (ADVP simply) (VP would (VP prefer (NP more DARPA funds))) .)) (TOP (S (NP-SBJ-1 Each) (VP (VP claims (S (NP-SBJ *-1) (VP to (VP possess (NP the right technology))))) and (VP wants (NP (QP just a bit more) money) (S-PRP (NP-SBJ *) (VP to (VP make (S (NP-SBJ it) (ADJP-PRD commercial))))))) .)) (TOP (S (NP-SBJ They) (ADVP also) (VP want (S (NP-SBJ U.S. trade policy) (VP to (VP reflect (NP (NP (NP the Pentagon and Commerce department 's) concern) (PP over (NP their future))))))) .)) (TOP (S (NP-SBJ (NP They) (NP all)) (VP are (ADJP-PRD strongly opposed (PP to (NP (NP a petition (S *ICH*-2)) (PP from (NP (NP several Japanese TV manufacturers) , (PP including (NP Matsushita , Hitachi , and Toshiba)) ,)) (S-2 (NP-SBJ *) (VP to (VP exempt (NP (NP portable color TVs) (PP with (NP liquid-crystal displays))) (PP-CLR from (NP (NP anti-dumping duties) (SBAR (WHNP-1 that) (S (NP-SBJ the U.S.) (VP imposes (NP *T*-1) (PP-LOC on (NP the larger Japanese color TVs)))))))))))))) .)) (TOP (S And (NP-SBJ they) (VP want (S (NP-SBJ the U.S.) (VP to (VP help (S (NP-SBJ them) (VP sell (ADVP-LOC overseas))))))) .)) (TOP (S (NP-SBJ Planar President James Hurd) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP has (S (NP-SBJ *-1) (VP to (VP pay (NP (NP tariffs) (ADJP (ADJP as high) (PP as (NP 15 %))))))) (S-PRP (NP-SBJ *-1) (VP to (VP sell (NP his display panels) (PP-LOC in (NP (NP Japan) and (NP South Korea))))))) , (SBAR-ADV while (S (NP-SBJ (NP panels) (PP from (NP those countries))) (VP enter (NP the U.S.) (ADVP-MNR duty-free))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This) (VP is n't (NP-PRD (NP a technology issue) , but (NP an attitude issue)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ We) (ADVP just) (VP have n't (VP learned (SBAR (WHNP-1 what) (S (NP-SBJ it) (VP takes (NP *T*-1) (S-PRP (NP-SBJ *) (VP to (VP compete)))))))) .)) (TOP (S (NP-SBJ (NP Burmah Oil PLC) , (NP a British independent oil and specialty-chemicals marketing concern) ,) (VP said (SBAR 0 (S (NP-SBJ SHV Holdings N.V.) (VP has (VP built (PRT up) (NP (NP a (ADJP 7.5 %) stake) (PP-LOC in (NP the company)))))))) .)) (TOP (S (NP-SBJ (NP The holding) (PP of (NP (QP 13.6 million) shares))) (VP is (ADVP-PRD up) (PP from (NP (NP a (ADJP 6.7 %) stake) (SBAR (WHNP-1 0) (S (NP-SBJ that Burmah) (VP announced (SBAR 0 (S (NP-SBJ SHV) (VP held (NP *T*-1) (PP-TMP as (PP of (NP last Monday)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP SHV) , (PP of (NP the Netherlands)) , (SBAR (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (NP-TMP last year) (VP merged (NP its North Sea oil and gas operations) (PP-CLR with (NP (NP those) (PP of (NP Calor Group PLC))))))) and (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP owns (NP (NP 40 %) (PP of (NP Calor))))))) ,) (VP was (VP identified (NP *-1) (PP-CLR as (NP (NP a possible suitor) (PP for (NP Burmah)))))) .)) (TOP (S (NP-SBJ Burmah) (VP said (SBAR (SBAR 0 (S (NP-SBJ it) (VP had n't (VP held (NP (NP any discussions) (PP with (NP SHV))))))) and (SBAR that `` (S (NP-SBJ (NP no deal) (PP of (NP any nature))) (VP is (PP-PRD in (NP contemplation))))))) .)) (TOP (S (NP-SBJ (NP The top state environmental official) (PP-LOC in (NP Massachusetts))) (VP said (SBAR 0 (S (NP-SBJ (NP (NP Clean Harbors Inc. 's) environmental-impact statement) (PP for (NP (NP a proposed incinerator) (PP-LOC in (NP Braintree))))) (VP was (ADJP-PRD inadequate))))) .)) (TOP (S (NP-SBJ-1 (NP The official) , (NP John DeVillars) ,) (VP asked (NP Clean Harbors) (PP-CLR for (NP more information)) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP ruling (PP-CLR on (NP (NP a permit) (PP for (NP the site)))))))) .)) (TOP (S (NP-SBJ (NP Critics) (PP of (NP the plan)) , (PP including (NP (NP the town) (PP of (NP Braintree)))) ,) (VP say (SBAR 0 (S (NP-SBJ the incinerator) (VP is (NP-PRD a health hazard))))) .)) (TOP (S (NP-SBJ (NP Clean Harbors) , (VP based (NP *) (PP-LOC-CLR in (NP Quincy))) ,) (VP said (SBAR 0 (S (NP-SBJ it) `` (VP will (VP proceed (ADVP-MNR expeditiously) '' (S-PRP (NP-SBJ *) (VP to (VP submit (NP (NP the data) (VP requested (NP *))))))))))) .)) (TOP (S (NP-SBJ (NP Alan McKim) , (NP (NP chief executive officer) (PP of (NP Clean Harbors)))) (VP said (SBAR 0 (S (NP-SBJ he) (VP was (ADJP-PRD `` very much encouraged '' (PP by (NP (NP (NP the official 's) praise) (PP of (NP Clean Harbors)) (PP for (NP (NP the quality) (PP of (NP (NP some) (PP of (NP (NP the data) (PP-LOC in (NP the report))))))))))))))) .)) (TOP (S (NP-SBJ Citizens & Southern Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP a definitive agreement (S (NP-SBJ *) (VP to (VP acquire (NP (NP Security Pacific Corp. 's) New York-based factoring unit))))))))) .)) (TOP (S (NP-SBJ-1 (NP Terms) (PP of (NP (NP the bank holding companies ') agreement))) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Factoring) (VP involves (NP (NP the purchase and collection) (PP of (NP (NP another company 's) receivables)))) .)) (TOP (S (S (NP-SBJ (NP Citizens) , (VP based (NP *) (PP-LOC in (NP Atlanta))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (NP (NP (QP about $ 4.6 billion) *U*) (PP in (NP factored sales))) (ADVP-TMP annually)))))) ; (S (NP-SBJ the Security Pacific unit) (VP has (NP (QP about $ 1.8 billion) *U*) (ADVP-TMP annually))) .)) (TOP (S (NP-SBJ (NP Security Pacific 's) factoring business) (VP works (PP-CLR with (NP (NP companies) (PP-LOC in (NP (NP the apparel , textile and food industries) , (PP among (NP others))))))) .)) (TOP (S (NP-SBJ (NP The Office) (PP of (NP Thrift Supervision))) (VP banned (NP-1 (NP B.J. Garman) , (NP (NP a former director) (PP of (NP (NP the failed Vision Banc Savings Association) (PP of (NP (NP Kingsville) , (NP Texas) ,)))))) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP working (PP-LOC in (NP (NP any financial institution) (VP insured (NP *) (PP by (NP-LGS the government))))))))) .)) (TOP (S (NP-SBJ (NP The office) , (NP (NP a Treasury Department unit) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP is (NP-PRD (NP the successor) (PP to (NP the Federal Home Loan Bank Board))))))) ,) (VP said (SBAR 0 (S (NP-SBJ this) (VP was (NP-PRD (NP the first announcement) (PP of (NP an enforcement action))) (SBAR-TMP since (S (NP-SBJ (NP this year 's) thrift-bailout legislation) (VP ordered (SBAR that (S (NP-SBJ-1 (NP all such actions) (PP by (NP federal banking regulators))) (VP be (VP made (S (NP-SBJ *-1) (ADJP-PRD public))))))))))))) .)) (TOP (S (ADVP Generally) , (NP-SBJ regulators) (VP have n't (VP announced (NP enforcement actions) (PP-TMP in (NP the past)))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ the OTS) (VP said (SBAR that (S (SBAR-TMP before (S (NP-SBJ the law) (VP took (NP effect) (NP-TMP Aug. 9)))) , (NP-SBJ it) (VP banned (NP another `` key Vision Banc insider '') (PP-CLR from (NP insured financial institutions)))))) .)) (TOP (S (NP-SBJ-1 That individual) (VP was n't (VP identified (NP *-1))) .)) (TOP (S (S (NP-SBJ-1 Vision Banc) (VP was (VP placed (NP *-1) (PP-LOC in (NP government conservatorship)) (PP-TMP in (NP March))))) , and (S (NP-SBJ it) (VP operates (PP-LOC under (NP (NP the control) (PP of (NP (NP the Resolution Trust Corp.) , (NP (NP the agency) (VP created (S-PRP (NP-SBJ *) (VP to (VP sell or liquidate (NP insolvent thrifts)))))))))))) .)) (TOP (S (NP-SBJ The OTS) (VP did n't (VP say (ADVP specifically) (SBAR (WHADVP-2 why) (S (NP-SBJ-1 the action) (VP was (VP taken (NP *-1) (PP-CLR against (NP Ms. Garman)) (ADVP-PRP *T*-2))))))) .)) (TOP (S (ADVP However) , (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ examiners) (VP found (NP (NP a variety) (PP of (NP (NP insider dealings) (PP-LOC at (NP the thrift)))) , (PP including (NP (NP `` (NP extraordinary loan commissions) '' (VP paid (NP *) (PP-DTV to (NP (NP a firm) (VP associated (NP *) (PP-CLR with (NP Vision Banc officials))))))) , and (NP (NP loans) (VP diverted (NP *) (PP through (NP borrowers)) (PP-DIR back (PP to (NP the thrift officials)))))))))))) .)) (TOP (S (NP-SBJ-1 Ms. Garman) (VP could n't (VP be (VP reached (NP *-1) (PP-CLR for (NP comment))))) .)) (TOP (S (NP-SBJ Arizona Instrument Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP post (NP (NP a third-quarter net loss) (PP of (NP (NP (QP about $ 600,000) *U*) , or (NP (NP (QP 25 cents to 27) cents) (NP-ADV a share)))) , (PP compared (PP with (NP (NP net income) (PP of (NP (NP (NP $ 214,000 *U*) , or (NP (NP 10 cents) (NP a share)) ,) (ADVP-TMP (NP a year) earlier)))))))))))))) .)) (TOP (S (NP-SBJ (NP The (NAC-LOC Tempe , Ariz. ,) maker) (PP of (NP underground fuel-storage systems))) (VP said (SBAR 0 (S (NP-SBJ-1 the most recent period) (VP was (VP affected (NP *-1) (PP by (NP-LGS (NP (NP customers ') problems) (S-NOM (NP-SBJ *) (VP complying (PP-CLR with (NP recent Environmental Protection Agency regulations))))))))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ-1 the company) (VP expects (S (NP-SBJ *-1) (VP to (VP post (NP (NP a net loss) (PP of (NP (NP (QP about $ 879,000) *U*) , or (NP (NP (QP 35 cents to 40) cents) (NP-ADV a share)))) , (PP on (NP (NP revenue) (PP of (NP (QP $ 6.5 million) *U*))))))))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (NP-SBJ it) (VP had (NP (NP a loss) (PP of (NP (NP $ 199,203 *U*) or (NP (NP nine cents) (NP-ADV a share)) ,)) (PP on (NP (NP revenue) (PP of (NP $ (QP 7.6 million) *U*)))))) .)) (TOP (S (NP-SBJ Growth) (VP is (ADJP-PRD good)) .)) (TOP (S (ADVP At least) , (NP-SBJ that) (VP 's (NP-PRD (NP a theme) (VP emerging (PP-LOC among (NP (NP many money managers) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP are (ADJP-PRD anxious (S both (NP-SBJ *-3) (VP to (VP (VP preserve (NP (NP the handsome stock-market gains) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP have (ADVP-TMP already) (VP achieved (NP *T*-2) (NP-TMP this year))))))) and (VP to (VP catch (NP (NP the next wave) (PP of (NP above-average performers))))))))))))))))) .)) (TOP (S (NP-SBJ-1 They) (VP are (VP starting (S (NP-SBJ *-1) (VP to (VP buy (NP growth stocks)))))) .)) (TOP (SQ (NP-SBJ *) (VP Remember (NP them)) ?)) (TOP (S (NP-SBJ (NP The upper echelon) (PP of (NP this group))) (VP were (NP-PRD (NP shares) (PP of (NP (NP the `` nifty 50 '' companies) (SBAR (WHNP-1 (NP whose profits) (PP of (NP (NP the 1960s) and (NP early 1970s)))) (S (NP-SBJ *T*-1) (VP grew (ADVP-MNR steadily) , (ADVP-MNR if not spectacularly) , (PP through (ADJP thick and thin))))))))) .)) (TOP (S (NP-SBJ-2 (NP That sort) (PP of (NP workhorse performance))) (VP sounds (S (NP-SBJ-3 *-2) (VP made (S (NP-SBJ *-3) (VP to (VP order (PP for (NP-TMP (NP a time) (SBAR (WHADVP-1 when) (S (NP-SBJ corporate profits) (ADVP overall) (VP have (VP been (VP weakening (PP-CLR from (NP (NP the brisk increases) (PP of (NP recent years)))) (ADVP-TMP *T*-1)))))))))))))) .)) (TOP (S (NP-SBJ (NP The current flood) (PP of (NP third-quarter reports))) (VP are (VP producing (NP (NP (ADJP many more) negative surprises) (PP than (NP positive ones))))) .)) (TOP (S (S (NP-SBJ Those) (VP are (NP-PRD unwelcome trends) (PP-TMP in (NP (NP a year) (SBAR (WHNP-1 that) (S (NP-SBJ the Dow Jones Industrial Average) (VP has (VP risen (NP-EXT 23 %) (ADVP-TMP so far) , (PP even with (NP (NP the 190.58-point plunge) (PP-TMP on (NP Oct. 13)))) (NP-TMP *T*-1))))))))) ; (S (NP-SBJ broader market measures) (VP are (PP-PRD in (NP the same neighborhood)))) .)) (TOP (S (NP-SBJ (NP The question) (PP for (NP investors))) (VP is , (SBAR-PRD (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP (VP protect (NP these returns)) and (VP (ADVP yet) reach (NP (NP a little) (PP for (NP additional gains)))) (ADVP-MNR *T*-1)))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP the path) (PP of (NP reasoning)) (VP leading (PP-CLR to (NP growth stocks))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ it) (VP is (NP-PRD (NP a good theme) (WHPP for (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP looks (S (NP-SBJ *) (VP to (VP be (NP-PRD an uncertain market)))))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Steven Einhorn) , (NP (NP partner) (PP-LOC at (NP Goldman Sachs)))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ Growth stocks) (VP may (VP be (ADJP-PRD (ADJP (ADJP as big) (PP as (NP Philip Morris))) or (ADJP (ADJP medium-sized) (PP such as (NP Circuit City Stores))))))) , but (S (NP-SBJ their common characteristic) (VP is (NP-PRD (NP a history) (PP of (S-NOM (NP-SBJ *) (VP increasing (NP profits) (PP on (NP (NP the order) (PP of (NP (NP (QP at least 15 % to 20 %) *U*) (NP-ADV a year)))))))))))) , (NP-SBJ money managers) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ (NP The period) (SBAR (WHADVP-1 when) (S (NP-SBJ growth stocks) (VP should (VP be (VP performing (ADVP-MNR well) (ADVP-TMP *T*-1))))))) (VP is (SBAR-PRD (WHADVP-2 when) (S (NP-SBJ their earnings) (VP are (VP growing (PP-MNR at (NP (NP a superior rate) (PP to (NP (NP the general level) (PP of (NP corporate profits)))))) (ADVP-TMP *T*-2))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Stephen Boesel) , (NP (NP president) (PP of (NP (NP T. Rowe Price 's) Growth and Income Fund)))) .)) (TOP (S (NP-SBJ Growth stocks) (ADVP also) (VP are (ADJP-PRD attractive) (PP-TMP in (NP (NP periods) (PP of (NP market volatility)) , (SBAR (WHNP-1 which) (S (NP-SBJ many investors and analysts) (VP expect (NP *T*-1) (PP-TMP in (NP the weeks ahead)) (SBAR-TMP as (S (NP-SBJ-2 everybody) (VP tries (S (NP-SBJ *-2) (VP to (VP discern (SBAR (WHADVP-3 where) (S (NP-SBJ the economy) (VP is (VP heading (ADVP-DIR *T*-3))))))))))))))))) .)) (TOP (S (NP-SBJ (NP This kind) (PP of (NP jumpy uncertainty))) (VP reminds (NP (NP John Calverley) , (NP (NP senior economist) (PP for (NP American Express Bank))) ,) (PP-CLR of (NP (NP the 1969-72 period) , (SBAR (WHADVP-1 when) (S (S (NP-SBJ the industrial average) (VP rolled (PP-LOC-CLR through (NP huge ranges)))) and (S (NP-SBJ investors) (VP flocked (PP-DIR to (NP (NP the shares) (PP of (NP (NP companies) (PP with (NP proven earnings records)) , (SBAR (WHNP-73 which) (S (NP-SBJ *T*-73) (VP became (ADJP-PRD known (PP as (NP the `` nifty 50)))))))))))) (ADVP-TMP *T*-1)))))) . '')) (TOP (SINV (S-TPC-1 And (NP-SBJ they) (VP will (ADVP-TMP again))) , (VP say (SBAR 0 (S *T*-1))) (NP-SBJ (NP money-manager proponents) (PP of (NP the growth-stock theme))) .)) (TOP (S (NP-SBJ (NP Cabanne Smith) , (NP (NP president) (PP of (NP (NP a money management company) (VP bearing (NP his name))))) ,) (VP predicts (SBAR that (S (NP-SBJ (NP investment companies) (VP using (NP-1 computers) (S-CLR (NP-SBJ *-1) (VP to (VP identify (NP (NP companies) (PP with (NP earnings `` momentum '')))))))) (VP will (VP climb (PP-LOC-CLR on (NP the growth-stock bandwagon)) (SBAR-TMP as (S (NP-SBJ the overall corporate earnings outlook) (VP deteriorates (ADVP further))))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP thinks (SBAR 0 (S (NP-SBJ (NP foreign investors) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (VP showing (NP (NP signs) (PP of (NP more discriminate investing))))))) ,) (VP will (VP (VP join (NP the pursuit)) and (VP pump (PRT up) (NP prices))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP 're (VP (ADVP just) seeing (NP (NP the beginning) (PP of (NP a shift)))))) , '' (NP-SBJ Mr. Smith) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Smith) (VP recommends (NP (NP Cypress Semiconductor) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADVP-TMP currently) (VP showing (NP a robust (ADJP 63 %) earnings growth rate))))))) .)) (TOP (S (NP-SBJ (NP Ronald Sloan) , (NP (NP executive vice president) (PP of (NP Siebel Capital Management))) ,) (VP likes (NP (NP Wellman Inc.) , (NP (NP a company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP recycles (NP plastic) (PP-CLR into (NP (NP synthetic fibers) (PP for (NP carpeting)))))))))) .)) (TOP (S (NP-SBJ Mr. Sloan) (VP (VP praises (NP the company) (PP-CLR as (ADJP recession resistant))) and (VP notes (SBAR that (S (NP-SBJ it) (VP has (NP (NP an annual earnings growth rate) (PP of (NP (NP 32 %) (NP-ADV a year)))) (PP-TMP over (NP the past five years))))))) .)) (TOP (S (S (NP-SBJ Wellman stock) (VP closed (NP-TMP-CLR Friday) (PP-CLR at (NP (QP 39 3))) , (ADVP up (NP 1)))) ; (S (NP-SBJ Mr. Sloan) (VP thinks (SBAR that (S (PP-TMP in (NP a year)) (NP-SBJ it) (VP could (VP hit (NP 60))))))) .)) (TOP (S (NP-SBJ Others) (VP preach (NP (NP the gospel) (PP of (S-NOM (NP-SBJ *) (VP buying (NP only blue-chip growth stocks)))))) .)) (TOP (S (NP-SBJ (NP Carmine Grigoli) , (NP (NP chief market strategist) (PP for (NP First Boston))) , (SBAR (WHNP-1991 who) (S (ADVP still) (NP-SBJ *T*-1991) (VP says , `` (S (NP-SBJ We) (VP expect (S (NP-SBJ the Dow average) -LCB- (VP to (VP be (PP-PRD at -RCB- (NP 3000)) (PP-TMP by (NP mid-1990)))))) , ''))))) (ADVP nonetheless) (VP foresees (NP a sluggish economy) (PP-TMP in (NP the meantime))) .)) (TOP (S (NP-SBJ He) (VP recommends (NP (NP such blue-chip growth stalwarts) (PP as (NP (NP Philip Morris) , (NP PepsiCo) , (NP CPC International) , (NP Reebok International) , and (NP Limited Inc))))) .)) (TOP (S (NP-SBJ All) (VP have (NP (NP a fiveyear earnings growth rate) (PP of (NP (NP (QP more than 20) %) (NP-ADV a year))))) .)) (TOP (S (NP-SBJ Some money managers) (VP are (VP pursuing (NP growth stocks) (PP at (NP (NP the expense) (PP of (NP (NP those) (SBAR (WHNP-1991 that) (S (NP-SBJ *T*-1991) (VP rise and fall (PP along (PP with (NP the economic cycle)))))))))))) .)) (TOP (SINV `` (S-1 (NP-SBJ (NP One) (PP of (NP (NP the stories) (PP of (NP the fourth quarter))))) (VP is (SBAR-PRD that (S (NP-SBJ we) (VP will (VP get (NP (NP an unusual number) (PP of (NP earnings disappointments))) (PP from (NP (NP companies) (ADJP sensitive (PP to (NP the economy))))))))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Mr. Boesel) (PP of (NP T. Rowe Price))) .)) (TOP (S (NP-SBJ (NP James Wright) , (NP (NP chief investment officer) (PP for (NP Banc One Asset Management))) ,) (VP says , `` (S (NP-SBJ We) (VP 've (VP been (VP (VP selling (NP (NP a disproportionate share) (PP of (NP cyclical companies)))) and (VP buying (NP (NP a disproportionate share) (PP of (NP high earnings stocks))))))))) . '')) (TOP (S (NP-SBJ He) (ADVP-TMP recently) (VP trimmed (NP (NP his portfolio) (PP of (NP (NP International Paper) , (NP Dow Chemical) , (NP Quantum Chemical) , (NP International Business Machines) and (NP Digital Equipment))))) .)) (TOP (S (NP-SBJ He) (VP is (VP putting (NP money) (PP-PUT in (NP (NP Dress Barn) , (NP Circuit City Stores) , (NP (NP Bruno 's)) , and (NP Rubbermaid))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ Big cyclical companies) (VP are (VP using `` (NP-3 (NP all the tricks) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP can (NP *T*-1))))) (S-CLR (NP-SBJ *-3) (VP to (VP stabilize (NP earnings)))) , ''))) (VP says (S *T*-2)) (NP-SBJ Mr. Sloan) .)) (TOP (S (NP-SBJ He) (VP cites (NP (NP IBM) , (SBAR (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP reported (NP (NP a (ADJP 30 %) earnings decline) (PP-TMP in (NP the third quarter)))))) , and (SBAR (WHNP-2 which) (S (NP-TMP last week) (NP-SBJ *T*-2) (VP announced (NP (NP a (ADJP (QP $ 1 billion) *U*) buy-back) (PP of (NP its shares))))))))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ they) (VP are (VP telling (NP you) (NP *T*-1))))) (VP is (SBAR-PRD that (S (NP-SBJ they) (VP do n't (VP have (NP the ability (S (NP-SBJ *) (VP to (VP generate (NP higher returns) (ADVP-LOC internally))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ Mr. Sloan) .)) (TOP (S `` (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ they) (VP are (VP buying (ADVP-CLR back) (NP stock) (PP-CLR at (NP (NP 10 times) (NP-ADV earnings))) (ADVP-TMP *T*-1))))) , (NP-SBJ they) (VP are (VP suggesting (SBAR that (S (NP-SBJ (NP the rate) (PP of (NP return)) (PP on (NP competing internal projects))) (VP is (PP-PRD below '' (NP (NP returns) (PP on (NP the stock))))))))) .)) (TOP (S (NP-SBJ IBM) (VP says (SBAR 0 (S (NP-SBJ it) (VP considers (S (NP-SBJ its shares) (NP-PRD a good investment)))))) .)) (TOP (S But (NP-SBJ-1 not all (NX (NX strategists) or (NX money managers))) (VP are (ADJP-PRD ready (S (NP-SBJ *-1) (VP to (VP throw (PRT in) (NP the towel) (ADVP completely) (PP on (NP cyclicals))))))) .)) (TOP (S (NP-SBJ Growth stocks) (VP may (VP underperform (NP cyclical stocks) (PP-TMP next (NP year)) (SBAR-ADV if (S (NP-SBJ-1 the Federal Reserve) (VP begins (S (NP-SBJ-2 *-1) (VP to (VP let (S (NP-SBJ interest rates) (VP drift (ADVP-CLR sufficiently lower))) (S-PRP (NP-SBJ *-2) (VP to (VP boost (NP the economy)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Goldman Sachs 's) Mr. Einhorn) , (PP for (NP one)) ,) (VP subscribes (PP-CLR to (NP that scenario))) .)) (TOP (S (NP-SBJ He) (VP suggests (SBAR 0 (S (NP-SBJ investors) (VP think (PP-CLR about (S-NOM (NP-SBJ *) (VP buying (NP (NP (NP cyclical shares) (PP-TMP in (NP the weeks ahead))) , (CONJP as well as) (NP growth issues))))))))) .)) (TOP (NP-HLN (NP Friday 's) Market Activity)) (TOP (S (NP-SBJ Stock prices) (VP finished (ADJP-CLR about unchanged) (NP-TMP Friday) (PP-LOC in (NP quiet expiration trading))) .)) (TOP (S (NP-SBJ Traders) (VP anticipated (NP a volatile session) (PP-PRP due to (NP (NP the October expiration) (PP of (NP (NP stock-index futures and options) , and (NP (NP options) (PP on (NP individual stocks)))))))) .)) (TOP (S But (NP-SBJ there) (VP were (NP-PRD (NP fewer price swings) (SBAR than (S (NP-SBJ *) (VP expected))))) .)) (TOP (S (NP-SBJ-1991 (NP Buy order imbalances) (PP on (NP several big stocks))) (VP were (VP posted (NP *-1991) (PP by (NP-LGS the New York Stock Exchange)))) .)) (TOP (S (S-TPC-2 But (NP-SBJ (NP block trading desks) and (NP money managers)) (VP made (NP a concerted effort (S (NP-SBJ *) (VP to (VP meet (NP the imbalances) (PP with (NP (NP stock) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP sell (NP *T*-1))))))))))))) , (NP-SBJ one trader) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ the Dow Jones Industrial Average) (VP (VP drifted (PP-MNR in (NP narrow ranges)) (PP-TMP in (NP (NP the final hour) (PP of (NP trading))))) , and (VP closed (NP-CLR (NP 5.94) (ADJP higher)) (PP-DIR to (NP 2689.14)))) .)) (TOP (S (NP-SBJ New York Stock Exchange volume) (VP was (NP-PRD 164,830,000)) .)) (TOP (S (NP-SBJ (NP Advancers) (PP-LOC on (NP the Big Board))) (VP lagged (NP decliners) (NP-EXT (NP 662) (PP to (NP 829)))) .)) (TOP (S (PP-TMP For (NP the week)) , (NP-SBJ the industrial average) (VP gained (NP (NP-EXT (NP 119.88 points) , or (NP 4.7 %)) , (NP (NP the biggest weekly point advance ever) and (NP (NP a (ADJP (QP better than 50) %) rebound) (PP from (NP (NP the 190.58 point loss) (SBAR (WHNP-1 0) (S (NP-SBJ the industrial average) (VP logged (NP *T*-1) (NP-TMP Oct. 13)))))))))) .)) (TOP (S (NP-SBJ Broader market averages) (VP were (ADJP-PRD little changed) (PP-TMP in (NP the latest session))) .)) (TOP (S (S (NP-SBJ (NP Standard & Poor 's) 500-Stock Index) (VP gained (NP-EXT 0.03) (PP-DIR to (NP 347.16)))) , (S (NP-SBJ the Dow Jones Equity Market Index) (VP fell (NP-EXT 0.02) (PP-DIR to (NP 325.50)))) , and (S (NP-SBJ the New York Stock Exchange Composite Index) (VP fell (NP-EXT 0.05) (PP-DIR to (NP 192.12)))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP (NP (NP last week 's) surge) (PP-LOC in (NP the industrial average))))) (VP came (PP-TMP on (NP (NP Monday) , (SBAR (WHADVP-1 when) (S (NP-SBJ the average) (VP rose (NP-EXT 88.12 points) (SBAR-TMP as (S (NP-SBJ market players) (VP (VP snapped (PRT up) (NP blue-chip issues)) and (VP shunned (NP the broad market))))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ-1991 That contrast) (VP was (VP reflected (NP *-1991) (PP-LOC-CLR in (NP (NP the smaller weekly percentage gains) (VP recorded (NP *) (PP by (NP-LGS the broader averages))))))) .)) (TOP (S (S (NP-SBJ The S&P 500) (VP rose (NP-EXT 4 %))) , (S (NP-SBJ the Dow Jones Equity Market index) (VP gained (NP-EXT 3.7 %))) and (S (NP-SBJ the New York Stock Exchange composite index) (VP added (NP-EXT 3.5 %))) .)) (TOP (S (NP-SBJ The Dow Jones Transportation Average) (VP fell (NP-EXT 32.71) (PP-DIR to (NP 1230.80)) (PP amid (NP (NP renewed weakness) (PP-LOC in (NP the airline sector))))) .)) (TOP (S (NP-SBJ UAL) (VP skidded (NP-EXT 21 5) (PP-DIR to (NP 168 1)) (PP on (NP (QP 2.2 million) shares))) .)) (TOP (S (PP-TMP On (NP the week)) , (NP-SBJ UAL) (VP was (ADVP-PRD down (NP-EXT (QP nearly 40) %))) .)) (TOP (S (NP-SBJ The latest drop) (VP followed (NP (NP a decision (S *ICH*-2)) (PP by (NP (NP British Airways) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP supported (NP (NP the (ADJP $ 300-a-share *U*) buy-out offer) (PP for (NP UAL)) (PP from (NP a labor-management group))))))) ,)) (S-2 not (NP-SBJ *) (VP to (VP participate (PP-LOC in (NP any revised bid))))))) .)) (TOP (S (NP-SBJ British Airways) (VP fell (NP-EXT 1) (PP-DIR to (NP (QP 31 7)))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ most other airline issues) (VP took (NP their cue) (PP-CLR from (NP UAL))))) , (NP-SBJ USAir Group) (VP rose (NP-EXT (QP 1 3)) (PP-DIR to (NP (QP 43 1))) (PP on (NP (QP 1.5 million) shares)) (PP amid (NP (NP speculation) (PP about (NP (NP a possible takeover proposal) (PP from (NP investor Marvin Davis))))))) .)) (TOP (S (NP-TTL-SBJ USA Today) (VP reported (SBAR that (S (NP-SBJ (NP Mr. Davis) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP had (VP pursued (NP UAL) (PP-TMP before (S-NOM (NP-SBJ *-2) (VP dropping (NP his bid) (NP-TMP Wednesday)))))))) ,) (VP has (VP acquired (NP (NP a stake) (PP of (NP (QP about 3) %)) (PP-LOC in (NP USAir)))))))) .)) (TOP (S (S (NP-SBJ Unocal) (VP fell (NP-EXT 1 1) (PP-DIR to (NP (QP 52 1))))) and (S (NP-SBJ Burlington Resources) (VP declined (NP-EXT 7) (PP-DIR to (NP (QP 45 5))))) .)) (TOP (S (PP-LOC At (NP (NP a meeting) (PP with (NP analysts)))) , (NP-SBJ British Petroleum officials) (VP dispelled (NP speculation (SBAR that (S (NP-SBJ the company) (VP may (VP take (PRT over) (NP a U.S. oil company)))))) , (PP according (PP to (NP Dow Jones Professional Investor Report)))) .)) (TOP (S (NP-SBJ-1 Both Unocal and Burlington) (VP had (VP been (VP seen (NP *-1) (PP-CLR as (NP (NP potential targets) (PP for (NP a British Petroleum bid))))))) .)) (TOP (S (NP-SBJ Paper and forest-products stocks) (VP declined (SBAR-TMP after (S (NP-SBJ Smith Barney , Harris Upham & Co.) (VP lowered (NP (NP investment ratings) (PP on (NP (NP a number) (PP of (NP issues)) (PP-LOC in (NP the two sectors))))) , (PP based (PP-LOC-CLR on (NP a forecast (SBAR that (S (NP-SBJ pulp prices) (VP will (VP fall (ADVP-MNR sharply)))))))))))) .)) (TOP (S (S (NP-SBJ International Paper) (VP dropped (NP-EXT 5/8) (PP-DIR to (NP 51)))) , (S (NP-SBJ Georgia-Pacific) (VP fell (NP-EXT (QP 1 3/4)) (PP-DIR to (NP (QP 56 1/4))))) , (S (NP-SBJ Stone Container) (VP tumbled (NP-EXT (QP 1 1/2)) (PP-DIR to (NP (QP 26 5/8))))) , (S (NP-SBJ Great Northern Nekoosa) (VP went (ADVP-PRD down (NP-EXT 5/8) (PP-DIR to (NP (QP 38 3/8)))))) and (S (NP-SBJ Weyerhaeuser) (VP lost (NP-EXT 7/8) (PP-DIR to (NP (QP 28 1/8))))) .)) (TOP (S (NP-SBJ Dun & Bradstreet) (VP dropped (NP-EXT 3) (PP-DIR to (NP (QP 51 1))) (PP on (NP (QP 1.9 million) shares)) (PP on (NP (NP uncertainty) (PP about (NP (NP the company 's) earnings prospects))))) .)) (TOP (S (NP-SBJ-1 Merrill Lynch) (VP cut (NP its rating and 1990 earnings estimate) (NP-TMP Thursday) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP weakness) (PP-LOC in (NP its credit-rating business)))))) .)) (TOP (S (NP-SBJ (NP Lamson & Sessions) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP posted (NP (ADVP sharply lower) third-quarter earnings)) and (VP forecast (SBAR that (S (NP-SBJ (NP results) (PP for (NP the fourth quarter))) (VP might (VP be `` (PP-PRD near (ADJP break-even) , '')))))))))) (VP fell (NP-EXT 1) (PP-DIR to (NP (QP 9 1)))) .)) (TOP (S (NP-SBJ Winnebago Industries) (VP slid (NP-EXT 5) (PP-DIR to (NP (QP 5 1)))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP reported (SBAR that (S (NP-SBJ (NP its loss) (PP for (NP (NP the fiscal quarter) (VP ended (NP *) (NP-TMP-CLR Aug. 26))))) (VP widened (PP-DIR from (ADVP-TMP (NP a year) earlier)))))))) ,) (VP cut (NP its semiannual dividend) (PP-CLR in (NP half)) (PP in (NP (NP response) (PP to (NP the earnings weakness))))) .)) (TOP (S (NP-SBJ-1 MassMutual Corporate Investors) (VP fell (NP-EXT 3) (PP-DIR to (NP 29)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP declaring (NP (NP a quarterly dividend) (PP of (NP (NP 70 cents) (NP-ADV a share))) , (ADVP down (PP from (NP (NP 95 cents) (NP-ADV a share))))))))) .)) (TOP (S (NP-SBJ Stoneridge Resources Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP begin (NP (NP an offering) (PP of (NP rights)) (UCP (ADJP equivalent (PP to (NP (QP 2.6 million) common shares))) and (VP valued (PP-CLR at (NP $ 22,750,000 *U*)))))))))) .)) (TOP (S (NP-SBJ The Bloomfield Hills , Mich.-based real-estate holding company) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP offer (NP the rights) (PP-CLR at (NP (NP $ 8.75 *U*) (NP-ADV a share))) (PP-DTV to (NP (NP shareholders) (PP of (NP (NP record) (PP-TMP on (NP Oct. 26))))))))))) .)) (TOP (S (NP-SBJ-1 The offering) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP expire (PP-TMP-CLR on (NP Nov. 30))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP use (NP (NP the proceeds) (PP of (NP the offering))) (PP-CLR for (NP (NP debt reduction) and (NP (NP general corporate purposes) , (PP including (NP acquisitions)))))))))) .)) (TOP (S (NP-SBJ Stockholders) (VP may (VP buy (NP (NP one share) (PP *ICH*-1)) (PP-CLR at (NP the subscription price)) (PP-1 for (NP (NP every four shares) (PP of (NP stock)) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP own (NP *T*-2)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Stockholders) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP exercise (NP all their rights))))) (VP may (VP buy (NP additional shares)))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (NP an option (S (NP-SBJ *) (VP to (VP increase (NP the offering) (PP-EXT by (NP (QP up to 350,000) shares)))))))))) .)) (TOP (S (NP-SBJ-1 The following U.S. Treasury , corporate and municipal offerings) (VP are (ADVP-MNR tentatively) (VP scheduled (NP *-1) (PP-CLR for (NP sale)) (NP-TMP this week) , (PP according (PP to (NP Dow Jones Capital Markets Report))) : (NP (ADJP (QP $ 15.6 billion) *U*) three-month and six-month bills))) .)) (TOP (NP (NP (QP $ 10 billion) *U*) (PP of (NP two-year notes)) .)) (TOP (NP (NP Resolution Funding Corp.) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP sell (NP (ADJP (QP $ 4.5 billion) *U*) 30-year bonds))))) .)) (TOP (NP (NP Aim Prime Rate Plus Fund Inc.) -- (NP (QP 10 million common) shares) , (PP via (NP PaineWebber Inc)) .)) (TOP (NP (NP Allied Capital Corp. II) -- (NP 6,500,000 common shares) , (PP via (NP Shearson Lehman Hutton Inc)) .)) (TOP (NP (NP American Cyanamid Co.) -- (NP 1,250,000 common shares) , (PP via (NP Merrill Lynch Capital Markets)) .)) (TOP (NP (NP Associated Natural Gas Corp.) -- (NP 1,400,000 common shares) , (PP via (NP Dillon Read & Co)) .)) (TOP (NP (NP B & H Crude Carriers Ltd.) -- (NP (QP Four million) common shares) , (PP via (NP Salomon Brothers Inc)) .)) (TOP (NP (NP Baldwin Technology Co.) -- (NP 2,600,000 Class A shares) , (PP via (NP Smith Barney , Harris Upham & Co)) .)) (TOP (NP (NP Blockbuster Entertainment Corp.) -- (NP (ADJP (QP $ 250 million) *U*) (PRN -LRB- face amount -RRB-) Liquid Yield Option Notes) , (PP via (NP Merrill Lynch)) .)) (TOP (NP (NP Chemex Pharmaceuticals Inc.) -- (NP 1,200,000 units) , (PP via (NP PaineWebber)) .)) (TOP (NP (NP Immune Response Corp.) -- (NP (QP Three million) common shares) , (PP via (NP Merrill Lynch)) .)) (TOP (NP (NP Marsam Pharmaceuticals Inc.) -- (NP 1,300,000 common shares) , (PP via (NP Smith Barney , Harris Upham)) .)) (TOP (NP (NP RMI Titanium Co.) -- (NP (QP 15 million) common shares) , (PP via (NP Salomon Brothers Inc)) .)) (TOP (NP (NP Tidewater Inc.) -- (NP 4,631,400 common shares) , (PP via (NP Salomon Brothers Inc)) .)) (TOP (NP (NP Massachusetts) -- (NP (NP (QP Approximately $ 230 million) *U*) (PP of (NP (NP general bonds) , (NP (NP (NP consolidated loan) (PP of (NP 1989))) , (NP Series D))))) , (PP via (NP competitive bid)) .)) (TOP (NP (NP (NP Montgomery County) , (NP Maryland)) -- (NP (NP (QP $ 75 million) *U*) (PP of (NP (NP (NP general consolidated public improvement bonds) (PP of (NP 1989))) , (NP Series B)))) , (PP via (NP competitive bid)) .)) (TOP (NP (NP (NP Trinity River Authority) , (NP Texas)) -- (NP (NP $ 134,750,000 *U*) (PP of (NP (NP regional wastewater system improvement revenue bonds) , (NP Series 1989) ,))) (PP via (NP competitive bid)) .)) (TOP (NP (NP (NP City and County) (PP of (NP (NP Honolulu) , (NP Hawaii)))) -- (NP (NP (QP $ 75 million) *U*) (PP of (NP (NP (NP obligation bonds) , (NP 1989 Series B)) , (ADJP due (NP-TMP 1993-2009))))) , (PP via (NP competitive bid)) .)) (TOP (NP (NP Beverly Hills) -- (NP (NP (QP $ 110 million) *U*) (PP of (NP (NP (NP civic center project certificates) (PP of (NP participation))) , (NP Series 1989) ,))) (PP via (NP a Goldman , Sachs & Co. group)) .)) (TOP (NP (NP (NP Broward County School District) , (NP Florida)) -- (NP (NP (QP $ 185 million) *U*) (PP of (NP school district general bonds))) , (PP via (NP a First Boston Corp. group)) .)) (TOP (NP (NP Connecticut Housing Finance Authority) -- (NP (NP $ 132,620,000 *U*) (PP of (NP (NP housing mortgage revenue -LRB- AMT and non-AMT -RRB- bonds)))) , (PP via (NP a PaineWebber group)) .)) (TOP (NP (NP Maryland Stadium Authority) -- (NP (NP $ 137,550,000 *U*) (PP of (NP (NP sports facilities lease revenue Alternative Minimum Tax (PRN -LRB- AMT -RRB-) bonds) , (NP Series 1989 D)))) , (PP via (NP a Morgan Stanley & Co. group)) .)) (TOP (NP (NP Michigan) -- (NP (NP (QP $ 80 million) *U*) (PP of (NP Michigan First general bonds)) , (PP including (NP (NP (NP (QP $ 70 million) *U*) (PP of (NP environmental protection project bonds))) and (NP (NP (QP $ 10 million) *U*) (PP of (NP recreation project bonds)))))) , (PP via (NP a Shearson Lehman Hutton group)) .)) (TOP (NP (NP West Virginia Parkways Economic Development and Tourism Authority) -- (NP (NP (QP $ 143 million) *U*) (PP of (NP (NP parkway revenue bonds) , (NP Series 1989)))) , (PP via (NP a PaineWebber group)) .)) (TOP (NP (NP (NP San Antonio) , (NP Texas)) -- (NP (NP (QP $ 640 million) *U*) (PP of (NP gas and electric revenue refunding bonds))) , (PP via (NP a First Boston group)) .)) (TOP (S (NP-SBJ MCI COMMUNICATIONS Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP filed (NP a shelf registration) (PP-CLR with (NP the Securities and Exchange Commission)) (PP-CLR for (NP (NP issuance) (PP of (NP (NP (QP as much as $ 750 million) *U*) (PP of (NP debt securities)))))))))) .)) (TOP (S (NP-SBJ The debt) (VP will (VP include (NP (NP medium-term notes) (VP sold (NP *) (PP through (NP (NP Merrill Lynch Capital Markets) ; (NP Drexel Burnham Lambert Inc.) ; (NP Goldman , Sachs & Co.) and (NP Salomon Brothers Inc))))))) .)) (TOP (S (NP-SBJ-1 The funds) (VP will (VP be (VP used (NP *-1) (PP-CLR (PP for (S-NOM (NP-SBJ *) (VP refinancing (NP (NP existing debt) (PP of (NP the (NAC-LOC Washington , D.C. ,) concern))) (PP-CLR at (NP lower interest rates))))) and (PP for (NP other general purposes)))))) .)) (TOP (S (NP-SBJ-2 (NP The effective date) (PP of (NP the registration))) (VP is (S (NP-SBJ-1 *-2) (VP to (VP be (VP determined (NP *-1) (PP by (NP-LGS the SEC))))))) .)) (TOP (S (NP-SBJ (NP A group) (PP including (NP (NP (NP ESL Partners Ltd.) , (NP a (NAC-LOC Fort Worth , Texas ,) investment partnership) ,) and (NP (NP Richard E. Rainwater) , (NP (NP a former adviser) (PP to (NP the Fort Worth Bass family)))) ,))) (VP said (SBAR 0 (S (NP-SBJ it) (VP reduced (NP (NP its stake) (PP-LOC in (NP Anacomp Inc.))) (PP-CLR to (NP (NP 3.6 %) (PP of (NP (NP the common shares) (ADJP outstanding))))))))) .)) (TOP (S (PP-LOC In (NP (NP a filing) (PP with (NP the Securities and Exchange Commission)))) , (NP-SBJ the group) (VP said (SBAR 0 (S (NP-SBJ it) (VP sold (NP 1,325,900 Anacomp common shares) (PP-TMP (PP from (NP Aug. 31)) (PP to (NP last Wednesday))) (PP-CLR for (NP (NP $ 4.48 *U*) (PP to (NP (NP $ 5.84 *U*) (NP-ADV a share))))) , (S-ADV (NP-SBJ *) (VP resulting (PP-CLR in (NP (NP a drop) (PP-LOC in (NP its holdings)) (PP to (NP 1,351,662 shares)))))))))) .)) (TOP (S (NP-SBJ-1 No reason) (VP was (VP given (NP *-1) (PP-LOC in (NP the filing)) (PP for (NP the sales)))) .)) (TOP (S (NP-SBJ An Anacomp official) (VP said (SBAR 0 (S (NP-SBJ the Indianapolis computer-services concern) (VP had (NP (NP no comment) (PP on (NP (NP the group 's) share sales))))))) .)) (TOP (S (PP-TMP In (NP March)) , (NP-SBJ the group) (VP disclosed (SBAR 0 (S (NP-SBJ it) (VP held (NP (NP a 7.2 % stake) (PP-LOC in (NP Anacomp))) (PP-PRP for (NP investment purposes)))))) .)) (TOP (S (NP-SBJ It) (VP said (ADVP-TMP then) (SBAR 0 (S (NP-SBJ-3 it) (VP (VP had (VP had (NP *RNR*-1))) and (VP would (VP continue (S (NP-SBJ *-3) (VP to (VP have (NP *RNR*-1)))))) (NP-1 (NP discussions) (PP with (NP (NP Anacomp 's) management)) (PP concerning (NP its investment))))))) .)) (TOP (S (NP-SBJ (NP Home Beneficial Corp.) , (NP (NP Richmond) , (NP Va.)) ,) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP contracted (S (NP-SBJ *-2) (VP to (VP sell (NP (NP its (ADJP 50 %) interest) (PP-LOC in (NP a Richmond-area shopping mall))) (PP-DTV to (NP (NP a buyer) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP was n't (VP identified (NP *-3)))))))))))))) .)) (TOP (S (NP-SBJ The life-insurance holding company) (VP said (SBAR 0 (S (NP-SBJ the sale) (VP would (VP result (PP-CLR in (NP (NP an after-tax gain) (PP of (NP (NP (QP about $ 32 million) *U*) , or (NP (NP $ 3.09 *U*) (NP-ADV a share)))))) , (PP-TMP in (NP (NP the first quarter) (PP of)))))))))) (TOP (S (NP-SBJ The company) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP adopt (NP new accounting standards) (PP-TMP in (NP the first quarter))))))) .)) (TOP (S (NP-SBJ The change) (VP will (VP result (PP-CLR in (NP (NP a charge) (PP of (NP (NP (QP about $ 8.5 million) *U*) , or (NP (NP 82 cents) (NP-ADV a share)) ,)))) (PP-PRP because of (NP (NP an increase) (PP-LOC in (NP deferred income-tax liability)))))) .)) (TOP (S (PP-TMP In (NP (NP the first quarter) (PP of (NP 1988)))) , (NP-SBJ the company) (VP earned (NP (NP (QP $ 10 million) *U*) , or (NP (NP 94 cents) (NP-ADV a share)))) .)) (TOP (SINV (VP-TPC-1 Following) (VP is (VP *T*-1)) (NP-SBJ (NP (NP a weekly listing) (PP of (NP (NP unadited net asset values) (PP of (NP publicly traded investment fund shares))))) , (VP reported (NP *) (PP by (NP-LGS the companies)) (PP-TMP as (PP of (NP (NP Friday 's) close))))) .)) (TOP (SINV (VP-TPC-2 (ADVP Also) shown) (VP is (VP *T*-2)) (NP-SBJ (NP (NP (NP the closing listed market price) (PP *RNR*-1)) or (NP (NP a dealer-to-dealer asked price) (PP *RNR*-1))) (PP-1 of (NP (NP each fund 's) shares)) , (PP with (NP (NP the percentage) (PP of (NP difference))))) .)) (TOP (NP-HLN Closed End Bond Funds)) (TOP (NP-HLN Flexible Portfolio Funds)) (TOP (NP-HLN (NP Specialized Equity) and (NP Convertible Funds))) (TOP (NP (X a) - (NP Ex-dividend) .)) (TOP (PP-TMP (X b) - (PP As (PP of (NP (NP Thursday 's) close))) .)) (TOP (S (NP-SBJ *) (VP (X c) - (VP Translated (PP-CLR at (NP Commercial Rand exchange rate)))) .)) (TOP (PP (X e) - (PP In (NP Canadian dollars)) .)) (TOP (PP-TMP (X f) - (PP As (PP of (NP (NP Wednesday 's) close))) .)) (TOP (S (NP-SBJ-2 A shareholder) (VP filed (NP suit) , (S-ADV (NP-SBJ-3 *-2) (VP seeking (S (NP-SBJ *-3) (VP to (VP block (NP (NP Unitel Video Inc. 's) proposed plan (S (NP-SBJ-1 *) (VP to (VP be (VP acquired (NP *-1) (PP by (NP-LGS (NP a new affiliate) (PP of (NP closely held Kenmare Capital Corp.)))) (PP-CLR for (NP (NP (NP $ 15 *U*) (NP-ADV a share)) , or (NP (QP $ 33.6 million) *U*)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The suit) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP seeks (NP class-action status)))) ,) (VP was (VP filed (NP *-1) (PP-LOC-CLR in (NP Delaware Chancery Court)))) .)) (TOP (S (NP-SBJ The complaint) (VP alleges (SBAR (SBAR that (S (NP-SBJ the price) (VP is `` (ADJP-PRD (ADJP unfair) and (ADJP grossly inadequate)) ''))) and (SBAR that (S (NP-SBJ-1 the defendants) (VP are (VP seeking (S (NP-SBJ *-1) (VP to (VP ensure (NP (NP a `` lockup '') (PP of (NP (NP the purchase) (PP of (NP Unitel)))))))) , (S-ADV (NP-SBJ *) (VP (ADVP thereby) discouraging (NP other bids))))))))) .)) (TOP (S (NP-SBJ It) (VP seeks (NP unspecified money damages)) .)) (TOP (S (NP-SBJ The New York company) (VP called (S (NP-SBJ the lawsuit) (PP-PRD without (NP merit)))) .)) (TOP (S (NP-SBJ-1 Shareholders) (VP are (VP scheduled (S (NP-SBJ *-1) (VP to (VP vote (PP-CLR on (NP the transaction)) (NP-TMP Nov)))))) .)) (TOP (S (NP-SBJ This Toronto closed-end fund) (VP cut (NP (NP the annual dividend) (PP on (NP its Class A common shares))) (PP-DIR to (NP one Canadian cent)) (PP-DIR from (NP 10 Canadian cents))) .)) (TOP (S (NP-SBJ The fund) (VP invests (ADVP mainly) (PP-LOC in (NP gold and silver bullion))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ the reduced dividend) (VP reflects (NP (NP the low price) (PP for (NP precious metals))))))) .)) (TOP (S (NP-SBJ (NP Greg Davies) , (NP (NP (NP Central Fund 's) vice president) , (NP finance) ,)) (VP said (SBAR 0 (S (NP-SBJ (NP losses) (PP for (NP (NP the fiscal year) (VP ending (NP-TMP-CLR Oct. 31))))) (VP could (VP be (ADJP-PRD (ADJP as high) (PP as (NP (NP (QP one million) Canadian dollars) (PRN -LRB- (NP US$ 852,000 *U*) -RRB-))))))))) .)) (TOP (S (NP-SBJ The fund) (ADVP-TMP last) (VP had (NP a profit) (PP-TMP in (NP 1985))) .)) (TOP (S (NP-SBJ The new dividend rate) (VP is (ADJP-PRD payable (NP-TMP Nov. 15) (PP to (NP (NP holders) (PP of (NP (NP record) (NP-TMP Oct. 31))))))) .)) (TOP (S (PP-LOC In (NP American Stock Exchange composite trading)) (NP-TMP Friday) , (NP-SBJ Central Fund) (VP was (ADJP-PRD unchanged) (PP-CLR at (NP (NP $ 4.6875 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ Comair Holdings Inc.) (VP said (PP-LOC in (NP Cincinnati)) (SBAR that (S (NP-SBJ it) (VP bought (NP (NP Airline Aviation Academy) , (NP (NP a pilot training school) (VP based (NP *) (PP-LOC-CLR at (NP (NP Sanford Regional Airport) (PP-LOC near (NP (NP Orlando) , (NP Fla)))))))))))) .)) (TOP (S (NP-SBJ-1 Comair) (VP (VP said (SBAR 0 (S (NP-SBJ it) (VP paid (NP cash))))) but (VP declined (S (NP-SBJ *-1) (VP to (VP disclose (NP the price)))))) .)) (TOP (S (NP-SBJ Comair Holdings) (VP is (NP-PRD (NP the parent) (PP of (NP (NP Comair Inc.) , (NP a regional air carrier))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Airline Aviation) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP annual revenue) (PP of (NP (QP $ 5 million to $ 6 million) *U*)))))) ,) (VP has (NP great growth potential) (PP-PRP because of (NP (NP the large number) (PP of (NP U.S. pilots)) (VP nearing (NP retirement age)))))) , (NP-SBJ Comair) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-3 (NP-SBJ-2 The unit) (VP (VP will (VP be (VP renamed (S (NP-SBJ *-2) (NP-PRD Comair Aviation Academy))))) and (VP will (VP continue (S (NP-SBJ-1 *-2) (VP to (VP be (VP headed (NP *-1) (PP by (NP-LGS (NP Scott Williams) , (NP (NP a son) (PP of (NP its founder))))))))))))) , (NP-SBJ Comair) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ (NP The collapse) (PP of (NP (NP a (ADJP (QP $ 6.79 billion) *U*) buy-out) (PP of (NP United Airlines parent UAL Corp.))))) (VP has (VP handed (NP (NP Wall Street 's) takeover stock speculators) (NP (NP their worst loss) (ADVP-TMP ever) (PP on (NP a single deal))))) .)) (TOP (S (NP-SBJ (NP Their (QP $ 700 million-plus) *U*) (PP in (NP estimated paper losses))) (ADVP-MNR easily) (VP tops (NP (NP the (QP $ 400 million) *U*) (PP in (NP (NP paper losses) (SBAR (WHNP-1 0) (S (NP-SBJ (NP the takeover traders) , (VP known (NP *) (PP-CLR as (NP arbitragers))) ,) (VP suffered (NP *T*-1) (PP-TMP in (NP (NP 1982) (SBAR (WHADVP-2 when) (S (NP-SBJ Gulf Oil Co.) (VP dropped (NP (NP a (ADJP (QP $ 4.8 billion) *U*) offer) (PP for (NP Cities Service Co))) (ADVP-TMP *T*-2))))))))))))) .)) (TOP (S (PP-TMP In (NP (NP the six trading days) (SBAR since (S (NP-SBJ-1 the UAL labor-management buy-out group) (VP failed (S (NP-SBJ *-1) (VP to (VP get (NP bank financing))))))))) , (S-ADV (NP-SBJ *) (VP culminating (NP-TMP Friday) (PP-CLR with (NP (NP the withdrawal) (PP of (NP its partner British Airways PLC)))))) , (NP-SBJ UAL stock) (VP has (VP plummeted (PP-EXT by (NP 41 %)) (PP-DIR to (NP (QP 168 1))) (PP-DIR from (NP (QP 285 1))))) .)) (TOP (S (NP-SBJ The arbs) (VP may (VP recoup (NP (NP some) (PP of (NP their paper losses))) (SBAR-ADV if (S (NP-SBJ the UAL deal) (VP gets (VP patched (PRT up) (ADVP-TMP again))))) , (SBAR-ADV as (S (NP-SBJ they) (VP did) (PP-TMP in (NP (NP 1982) (SBAR (WHADVP-1 when) (S (NP-SBJ Occidental Petroleum Co.) (VP rescued (NP them) (PP with (NP (NP a (ADJP $ 4 billion *U*) takeover) (PP of (NP Cities Service)))) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (PP-TMP In (NP the meantime)) , (NP-SBJ (NP the question) (VP faced (NP *) (PP by (NP-LGS investors)))) (VP is : (SBARQ-PRD (WHNP-1 What) (SQ is (NP-SBJ UAL stock) (ADJP-PRD worth (NP *T*-1))))) ?)) (TOP (S (NP-SBJ The short answer) , (PP on (NP a fundamental basis)) , (VP is (SBAR-PRD that (S (NP-SBJ airline analysts) (VP say (SBAR 0 (S (NP-SBJ the stock) (VP is (ADJP-PRD worth (PP (NP (QP somewhere between $ 135 and $ 150) *U*) (NP-ADV a share)))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (VP based (PP-CLR on (NP (NP a multiple) (PP of (NP (NP (QP anywhere between 8.5 to 10 times) UAL earnings) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP are (VP estimated (S (NP-SBJ *-2) (VP to (VP come (PRT in) (NP (NP somewhere around $ 16 *U*) (NP-ADV a share)) (NP-TMP this year)))))))))))))) .)) (TOP (S (NP-SBJ Airline stocks) (ADVP typically) (VP sell (PP-CLR at (NP (NP a discount) (PP of (NP (NP about one-third) (PP to (NP (NP (NP the stock market 's) price-earnings ratio) -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADVP-TMP currently) (NP-PRD (QP about 13 times) earnings))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRD because (S (NP-SBJ airline earnings) , (PP like (NP (NP those) (PP of (NP auto makers))) ,) (VP have (VP been (ADJP-PRD subject (PP to (NP (NP the cyclical ups-and-downs) (PP of (NP the economy)))))))))) .)) (TOP (S (NP-SBJ That analysis) (VP matches (PRT up) (PP-CLR with (NP (NP stock traders ') reports (SBAR that (S , (PP despite (NP (NP the huge drop) (PP-LOC in (NP the stock)))) , (NP-SBJ UAL) (VP has n't (VP returned (PP-CLR to (NP (NP the level) (SBAR (WHPP-1 at (WHNP which)) (S (NP-SBJ it) (VP could (VP attract (NP (NP buying) (PP by (NP-LGS institutions))) (PP (ADVP solely) on (NP (NP the basis) (PP of (NP earnings)))) (PP *T*-1)))))))))))))) .)) (TOP (S So (NP-SBJ (NP anyone) (VP buying (NP the stock) (ADVP-TMP now))) (VP (VP is (VP betting (PP-CLR on (NP (NP some special transaction) (PP such as (NP a recapitalization or takeover)))))) , and (VP must (VP do (ADVP-CLR so) (S-ADV (NP-SBJ *) (VP using (NP (NP some guesswork) (PP about (NP (NP the likelihood) (PP of (NP such an event)))))))))) .)) (TOP (S (NP-SBJ (NP One analyst) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP asked (S not (NP-SBJ-3 *-2) (VP to (VP be (VP identified (NP *-3)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP believes (SBAR (SBAR that (S (NP-SBJ the UAL pilots and management) (VP can (VP put (ADVP-CLR together) (NP (NP a bid) `` (PP-LOC in (NP the (ADJP $ 225 *U*) area)) , ''))))) but (SBAR that (S (NP-SBJ it) (VP could (VP take (NP (QP three to four) months) (S-CLR (NP-SBJ *) (VP to (VP close)))))))))))) .)) (TOP (S (PP (PP At (NP that level)) , and (PP given (NP the uncertainty))) , (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ UAL stock) (VP should (VP trade (ADVP closer (PP to))))))))) (TOP (S (NP-SBJ Other observers) (VP note (SBAR that (S (NP-SBJ (NP (NP UAL 's) board) , (VP having (VP accepted (NP (NP a bid) (PP of (NP (NP $ 300 *U*) (NP-ADV a share)))))) ,) (VP might (VP hold (PRT out) (PP-CLR for (NP (NP a new bid) (ADJP much closer (PP to (NP the original level))))) -- (SBAR-ADV even if (S (NP-SBJ it) (VP means (SBAR that (S (NP-SBJ-1 the management) (VP (VP goes (ADVP-DIR back) (PP-DIR to (S-NOM (NP-SBJ *-1) (VP running (NP the company) (PP-TMP for (NP a while)))))) and (VP lets (S (NP-SBJ things) (VP return (PP-CLR to (ADJP normal)))))))))))))))) .)) (TOP (S (PP By (NP that logic)) , (NP-SBJ (NP the closing) (PP of (NP a deal))) (VP could (VP be (ADVP-PRD (ADVP much further away) (PP than (NP (QP three to four) months))) , (SBAR-ADV even though (S (NP-SBJ the eventual price) (VP might (VP be (ADJP-PRD higher))))))) .)) (TOP (S (NP-SBJ (NP Investment bankers) (VP following (NP UAL))) (VP agree (SBAR that (S (NP-SBJ (NP the strongest impetus) (PP for (NP an eventual deal))) (VP is (SBAR-PRD that (S (NP-SBJ-1 the pilots) (VP (VP have (VP been (VP attempting (NP a buy-out) (PP-TMP for (NP (QP more than two) years))))) , and (VP are n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP stop))))) , (S-ADV (NP-SBJ *-1) (VP having (VP come (ADJP-PRD so close (PP to (NP success))))))))))))) .)) (TOP (S (NP-SBJ The pilots) (VP have (NP a strong financing tool) (PP in (NP their willingness (S (NP-SBJ *) (VP (VP to (VP cut (NP their annual compensation) (PP-EXT by (NP (QP $ 200 million) *U*)))) , and (VP to (VP commit (NP (NP (QP $ 200 million) *U*) (PP from (NP their retirement funds)))))))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ they) (ADVP also) (VP persuaded (NP-1 the UAL flight attendants) (S (NP-SBJ *-1) (VP to (VP join (NP them))))) .)) (TOP (S (ADVP However) , (NP-SBJ investment bankers) (VP say (SBAR that (S (NP-SBJ-2 banks) (VP are n't (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP lend (NP (NP the (QP almost $ 5 billion) *U*) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP be (ADJP-PRD necessary (PP for (NP a takeover))) (PP even at (NP a lower price)))))))))))) (PP without (S-NOM (NP-SBJ someone) (VP putting (PRT up) (NP (NP a hefty wad) (PP of (NP (NP cash) -- (ADJP (ADVP probably even greater) (PP than (NP (NP the 17 %) (PP in (NP cash)) (VP put (PRT up) (NP *) (PP by (NP-LGS investors)) (PP-LOC in (NP (NP the leveraged takeover) (PP of (NP Northwest Airlines parent NWA Corp.)) (PP-TMP in (NP July))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Banks) (VP want (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ someone) (VP putting (PRT up) (NP (NP real cash) (PP at (NP risk)) (PRN , (S (NP-SBJ that) (VP is)) ,) (ADJP subordinate (PP to (NP (NP the bank debt) (PP-LOC in (NP any deal)))))))))))) .)) (TOP (S-1 (NP-ADV That way) (PRN , (S (NP-SBJ they) (VP figure (SBAR 0 (S *T*-1)))) ,) (NP-SBJ someone else) (VP has (NP (NP an even stronger motivation) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP make (S (ADJP-PRD sure) (SBAR-NOM-SBJ 0 (S (NP-SBJ-3 the deal) (VP is (VP going (S (NP-SBJ *-3) (VP to (VP work)))))))) (ADVP *T*-2)))))) , (SBAR-PRP because (S (NP-SBJ they) (VP would (VP be (VP losing (NP their money) (SBAR before (S (NP-SBJ the banks) (VP lost (NP theirs)))))))))) .)) (TOP (S (NP-SBJ-3 Banks) (ADVP also) (VP want (S (NP-SBJ-6 *-3) (VP to (VP be (ADJP-PRD able (S (NP-SBJ *-6) (VP to (VP call (NP (NP someone) (SBAR (WHNP-5 0) (S *ICH*-4)) (NP *ICH*-1)) (PP-MNR on (NP the telephone)) (S-4 (NP-SBJ *T*-5) (VP to (VP fix (NP (NP a problem) (PP with (NP (NP a deal) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP goes (ADJP-PRD bad)))))))))) -- (NP-1 (NP preferably someone) (ADJP other (PP than (NP a union leader)))))))))))) .)) (TOP (S (NP-SBJ That) (VP leaves (S (NP-SBJ the pilots) (ADVP-TMP still) (PP-PRD in (NP (NP need) (PP of (NP (NP cash) (VP totaling (NP (NP (QP around $ 1 billion) *U*) -- (ADJP (ADJP far more) (SBAR than (S (NP-SBJ either (NP they) or (NP the flight attendants)) (VP can (VP lay (NP their hands) (PP-LOC-CLR on (NP *)) (PP from (NP (NP retirement funds) (ADVP alone)))))))))))))))) .)) (TOP (S (NP-SBJ (NP One obstacle) (PP to (S-NOM (NP-SBJ the pilots ') (VP finding (NP (NP such a huge amount) (PP of (NP cash))))))) (VP is (NP-PRD (NP their insistence) (PP on (NP majority ownership)))) .)) (TOP (S (NP-SBJ (NP Investors) (PP such as (NP (NP Marvin Davis) (PP of (NP Los Angeles)))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP sought (NP airline ownership) (NP-TMP this year)))))) (VP have (VP insisted (SBAR 0 (S (NP-SBJ (NP they) , not (NP the pilots) ,) (VP must (VP have (NP control))))))) .)) (TOP (S (NP-SBJ (NP One way) (PP out (PP of (NP that dilemma)))) (VP could (VP be (NP-PRD (NP a partial recapitalization) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 the pilots) (VP would (VP wind (PRT up) (S (NP-SBJ *-1) (VP sharing (NP (NP the value) (PP of (NP their concessions))) (PP-CLR with (NP public shareholders)))) (PP *T*-2)))))))) .)) (TOP (S (NP-SBJ The pilots) (VP could (VP borrow (PP against (NP (NP the value) (PP of (NP their concessions)))) , (S-ADV (NP-SBJ *) (VP using (NP-2 the proceeds) (S-CLR (NP-SBJ *-2) (VP to (VP (VP buy (ADVP-CLR back) (NP stock) (PP-CLR from (NP the public))) and (VP give (NP themselves) (NP (NP the majority control) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP have (VP been (VP seeking (NP *T*-1))))))))))))))) .)) (TOP (S But (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is n't (ADJP-PRD clear) (SBAR-1 that (S (NP-SBJ banks) (VP would (VP lend (NP sufficient money) (S-PRP (NP-SBJ *) (VP to (VP deliver (NP a big enough price) (PP-DTV to (NP shareholders)))))))))) .)) (TOP (S (NP-SBJ (NP The lack) (PP of (NP any new cash))) (ADVP probably) (VP would (ADVP-TMP still) (VP leave (S (NP-SBJ the banks) (ADJP-PRD dissatisfied)))) .)) (TOP (S (PP In (S-NOM (NP-SBJ *-1) (VP advising (NP the UAL board) (PP-CLR on (NP (NP the various bids) (PP for (NP the airline))))))) , (S-ADV (NP-SBJ *) (VP starting (PP-CLR with (NP (NP one) (PP for (NP (NP $ 240 *U*) (NP-ADV a share))) (PP from (NP Mr. Davis)))))) , (NP-SBJ-1 (NP the investment bank) (PP of (NP First Boston))) (VP came (PRT up) (PP-CLR with (NP (NP a wide range) (PP of (NP (NP potential values) (PP for (NP the company)))))) , (PP depending (PP-CLR on (NP appraisal methods and assumptions)))) .)) (TOP (S (S-ADV (NP-SBJ *-3) (VP Using (NP the the NWA takeover) (PP-CLR as (NP a benchmark)))) , (NP-SBJ-3 First Boston) (PP-TMP on (NP Sept. 14)) (VP estimated (SBAR that (S (NP-SBJ UAL) (VP (VP was (ADJP-PRD worth (NP-1 (NP (QP $ 250 to $ 344) *U*) (NP-ADV a share))) (PP-2 based (PP on (NP (NP (NP UAL 's) results) (PP for (NP (NP the 12 months) (VP ending (NP-TMP-CLR last June 30)))))))) , but (VP (NP=1 (QP only $ 235 to $ 266) *U*) (PP=2 based (PP-CLR on (NP (NP a management estimate) (PP of (NP results)) (PP-TMP for (NP 1989)))))))))) .)) (TOP (S (NP-SBJ (NP First Boston 's) estimates) (VP had (VP been (ADJP-PRD higher) (SBAR-TMP before (S (NP-SBJ management) (VP supplied (NP a 1989 projection)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Using (NP (NP estimates) (PP of (NP (NP the company 's) future earnings))) (PP-LOC under (NP (NP a variety) (PP of (NP scenarios)))))) , (NP-SBJ-1 First Boston) (VP estimated (NP (NP UAL 's) value) (PP-CLR at (NP (NP (NP (QP $ 248 to $ 287) *U*) (NP-ADV a share) (SBAR if (S (NP-SBJ its future labor costs) (VP conform (PP-CLR to (NP Wall Street projections)))))) ; (NP (NP (QP $ 237 to $ 275) *U*) (SBAR-ADV if (S (NP-SBJ the company) (VP reaches (NP (NP a settlement) (PP with (NP pilots)) (ADJP similar (PP to (NP (NP one) (PP-LOC at (NP NWA)))))))))) ; (NP (NP (QP $ 98 to $ 121) *U*) (PP-LOC under (NP an adverse labor settlement))) , and (NP (NP (QP $ 229 to $ 270) *U*) (PP-LOC under (NP (NP a pilot contract) (VP imposed (NP *) (PP by (NP-LGS the company)) (PP-TMP following (NP a strike))))))))) .)) (TOP (S And (S-ADV (NP-SBJ *-1) (VP using (NP (NP liquidation value) (VP assuming (NP (NP the sale) (PP of (NP all UAL assets))))))) , (NP-SBJ-1 First Boston) (VP estimated (SBAR 0 (S (NP-SBJ the airline) (VP is (ADJP-PRD worth (NP (NP (QP $ 253 to $ 303) *U*) (NP-ADV a share))))))) .)) (TOP (S (ADVP Unfortunately) , (NP-SBJ all those estimates) (VP came (SBAR-TMP-PRD before (S (NP-SBJ airline industry fundamentals) (VP deteriorated (PP-TMP during (NP the past month)))))) .)) (TOP (S (NP-SBJ (NP (NP American Airlines parent AMR) and (NP USAir Group)) , (NP (NP both) (ADJP subject (PP to (NP takeover efforts))) (ADVP themselves)) ,) (VP have (S (NP-SBJ each) (VP warned (PP-CLR of (NP declining results))))) .)) (TOP (S (NP-SBJ Some analysts) (VP do n't (VP expect (NP (NP a quick revival) (PP of (NP (NP any takeover) (PP by (NP the pilots))))))) .)) (TOP (S (NP-SBJ The deal) (VP has (PRN , (SBAR as (S (NP-SBJ one takeover expert) (VP puts (NP it)))) ,) `` (NP (ADJP so many) moving parts)) .)) (TOP (S (NP-SBJ I) (VP do n't (VP see (S (NP-SBJ (NP anybody) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD sophisticated))))) (VP getting (S (NP-SBJ his name) (VP associated (PP-CLR with (NP this mess)))) (SBAR-TMP until (S (NP-SBJ-2 the moving parts) (VP stop (S (NP-SBJ *-2) (VP moving))))))))) . '')) (TOP (S (PP In (NP (NP addition) (PP to (NP (NP the need) (PP for (NP another cash equity investor)))))) , (NP-SBJ the other moving parts) (VP include : (NP (NP (NP the pilots) (NP themselves) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP can (VP scuttle (NP rival deals) (PP-MNR by (S-NOM (NP-SBJ-4 *) (VP threatening (S (NP-SBJ *-4) (VP to (VP strike))))))))))) ; (NP (NP the machinists union) , (NP (NP the pilots ') longtime rivals) (SBAR (WHNP-2 who) (S (NP-SBJ-5 *T*-2) (VP helped (S (NP-SBJ *-5) (VP scuttle (NP (NP the pilots ') deal))))))) ; and (NP (NP regulators) (PP-LOC in (NP Washington)) , (SBAR (WHNP-3 (NP whose opposition) (PP to (NP foreign airline investment))) (S (NP-SBJ-6 *T*-3) (VP helped (S (NP-SBJ *-6) (VP throw (NP the deal) (PP-CLR into (NP doubt)))))))))) .)) (TOP (S (PP-TMP In (NP the meantime)) , (NP-SBJ the arbs) (VP are (VP bleeding)) .)) (TOP (S (NP-SBJ Wall Street traders and analysts) (VP estimate (SBAR that (S (NP-SBJ takeover stock traders) (VP own (NP (NP UAL stock and options) (ADJP equal (PP to (NP (NP as many) (PP as (NP (NP (QP 6.5 million) shares) , or (NP (NP (QP about 30) %) (PP of (NP (NP the total) (ADJP outstanding)))))))))))))) .)) (TOP (S (NP-SBJ (NP Frank Gallagher) , (NP (NP an analyst) (PP with (NP (NP Phoenix Capital Corp.) (PP-LOC in (NP New York))))) ,) (VP estimates (SBAR that (S (NP-SBJ the arbs) (VP paid (NP (NP an average) (PP of (NP (NP (QP about $ 280) *U*) (NP-ADV a share)))) (PP-CLR for (NP their UAL positions)))))) .)) (TOP (S (NP-SBJ That) (VP would (VP indicate (SBAR that (S (NP-SBJ the arbs) (VP have (NP (NP paper losses) (PP on (NP (NP UAL) (ADVP alone))) (VP totalling (NP (QP $ 725 million) *U*)))))))) .)) (TOP (NP (NP UAL Corp .) (PRN -LRB- (NP NYSE) ; (NP (NP Symbol) : (NP UAL)) -RRB-))) (TOP (NP (NP Business) : (NP Airline))) (TOP (NP (NP Year) (VP ended (NP *) (NP-TMP-CLR Dec. 31 , 1988)) :)) (TOP (NP (NP Sales) : (NP $ (QP 8.98 billion) *U*))) (TOP (NP (NP Net income) (X *) : (NP (NP (QP $ 599.9 million) *U*) ; or (NP (NP $ 20.20 *U*) (NP-ADV a share))))) (TOP (NP (NP-TMP (NP Second quarter) , (NP June 30 , 1989)) : (NP (NP Per-share earnings) : (NP (NP $ 6.52 *U*) (PP vs. (NP $ 5.77 *U*)))))) (TOP (NP (NP Average daily trading volume) : (NP 881,969 shares))) (TOP (NP (NP (NP Common shares) (ADJP outstanding)) : (QP 21.6 million))) (TOP (S (NP-SBJ (NP Eastern Enterprises) , (VP bolstered (NP *) (PP by (NP-LGS (NP improved tonnages) (PP-LOC in (NP its marine-shipping unit))))) ,) (VP had (NP (NP a narrower third-quarter net loss) (PP of (NP (NP (QP $ 1.1 million) *U*) , or (NP (NP five cents) (NP-ADV a share)))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ Eastern) (VP had (NP (NP a quarter loss) (PP of (NP (NP (QP $ 1.7 million) *U*) , or (NP (NP eight cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Quarter revenue) (VP rose (NP-EXT 44 %) (PP-DIR to (NP $ 160.1 million *U*)) (PP-DIR from (NP $ 111.2 million *U*) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ The (NAC-LOC Weston , Mass. ,) utilities and marine-transport concern) (VP said (SBAR 0 (S (NP-SBJ (NP results) (PP for (NP (NP the third quarter) , (NP (NP usually a money-losing one) (PP-PRP because of (NP (NP the seasonality) (PP of (NP the gas business))))) ,))) (VP were (ADVP also) (VP aided (PP by (NP-LGS (NP higher gas sales) and (NP (NP the May 1989 acquisition) (PP of (NP Water Products Company)))))))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ Eastern) (VP had (NP (NP net income) (PP of (NP (NP (QP $ 41.8 million) *U*) , or (NP (NP $ 1.80 *U*) (NP-ADV a share)) ,)) (ADVP up (NP 23 %) (PP from (NP (NP (QP $ 33.9 million) *U*) or (NP (NP $ 1.46 *U*) (NP-ADV a share) (ADVP-TMP (NP a year) ago))))))) .)) (TOP (S (NP-SBJ Revenue) (VP grew (NP-EXT 24 %) (PP-DIR to (NP (QP $ 614.5 million) *U*)) (PP-DIR from (NP (QP $ 497.1 million) *U*))) .)) (TOP (S (NP-SBJ-1 Convex Computer Corp.) , (S-ADV (NP-SBJ *-1) (VP continuing (NP its rapid growth) (SBAR-TMP while (S (NP-SBJ other computer companies) (VP falter))))) , (VP reported (NP (NP (NP an (ADJP 87 %) increase) (PP-LOC in (NP third-quarter net income)) (PP-TMP from (NP (NP a year) (ADVP earlier)))) and (NP (NP a (ADJP 50 %) increase) (PP-LOC in (NP revenue))))) .)) (TOP (S (NP-SBJ Net) (VP was (NP-PRD (NP (QP $ 3.1 million) *U*) , or (NP (NP 16 cents) (NP-ADV a share))) , (ADVP up (PP from (NP (NP (QP $ 1.6 million) *U*) , or (NP (NP nine cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Revenue) (VP was (NP-PRD (QP $ 41.2 million) *U*) , (ADVP up (PP from (NP (QP $ 27.5 million) *U*)))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ net) (VP was (NP-PRD (NP (QP $ 7.7 million) *U*) , or (NP (NP 41 cents) (NP-ADV a share)) ,) (ADVP up (NP 97 %) (PP from (NP (NP (QP $ 3.9 million) *U*) , or (NP (NP 22 cents) (NP-ADV a share) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Revenue) (VP was (NP-PRD (QP $ 111.9 million) *U*) , (ADVP up (NP 50 %) (PP from (NP (QP $ 74.8 million) *U*)))) .)) (TOP (S (NP-SBJ Convex) (VP (VP makes (NP (NP supercomputers) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP sell (PP-CLR for (NP (QP up to $ 2 million) *U*))))))) and (VP has (NP (NP an installed base) (PP of (NP (NP more) (PP than (NP (NP 550 systems) and (NP 340 customers))))) (ADVP world-wide)))) .)) (TOP (S (PP-TMP During (NP the third quarter)) , (NP-SBJ it) (VP said , (SBAR 0 (S (NP-SBJ it) (VP won (NP several significant contracts) , (PP including (NP (NP (NP a five-year contract) (PP with (NP (NP the National Institutes) (PP of (NP Health))))) (VP valued (NP *) (PP-CLR at (NP an estimated (QP $ 8 million) *U*))))))))) .)) (TOP (S (NP-TMP Earlier this month) , (NP-SBJ-1 Convex) (VP made (NP a bid) (S-PRP (NP-SBJ-3 *-1) (VP to (VP outflank (NP (NP other supercomputer competitors) (PP like (NP (NP Digital Equipment Corp.) and (NP International Business Machines Corp.)))) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP (VP adopting (NP (NP an open set) (PP of (NP standards))) and) (VP introducing (NP (NP new hardware and software) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP link (NP different systems)))))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ The new products) (VP allow (S (NP-SBJ customers) (VP to (VP add (NP Convex machines) (PP-CLR to (NP (NP established systems) (VP made (NP *) (PP by (NP-LGS other manufacturers))))))))) , (SBAR (WHNP-1 which) `` (S (NP-SBJ *T*-1) (VP opens (PRT up) (NP a phenomenal market) (PP for (NP us)))))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Robert J. Paluck) , (NP (NP Convex 's) chairman , president and chief executive)) .)) (TOP (S (NP-SBJ-1 Convex) (ADVP also) (ADVP-TMP recently) (VP agreed (S (NP-SBJ *-1) (VP to (VP use (NP (NP Posix) , (NP (NP a standard) (PP for (NP (NP the computer language) (VP called (S (NP-SBJ *) (NP-PRD UNIX))))))))))) .)) (TOP (S (S (NP-SBJ Posix) (VP is (NP-PRD (NP one) (PP of (NP (NP three or four versions) (PP of (NP UNIX))))))) , but (S (NP-SBJ-2 it) (VP is (ADVP increasingly) (VP required (NP *-2) (PP by (NP-LGS the federal government)) (SBAR-TMP as (S (NP-SBJ-1 it) (VP tries (S (NP-SBJ *-1) (VP to (VP standardize (NP its computer systems)))))))))) .)) (TOP (S (S-TPC-5 (NP-SBJ-2 Most other supercomputer manufacturers) (VP have (ADVP-TMP yet) (S (NP-SBJ *-2) (VP to (VP adopt (NP the Posix standard)))))) , (NP-SBJ-3 Mr. Paluck) (VP said (SBAR 0 (S *T*-5)) , (S-ADV (NP-SBJ *-3) (VP adding (SBAR that (S (NP-SBJ-4 they) (VP prefer (S (NP-SBJ *-4) (VP to (VP maintain (NP (NP proprietary systems) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP lock (PRT in) (NP customers)))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ They) (VP want (NP (NP a lobster trap)) -- (S-ADV (SBAR-TMP once (S (NP-SBJ you) (VP get (ADVP-CLR in)))) , (NP-SBJ you) (VP ca n't (VP get (ADVP-CLR out)))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` But (NP-SBJ the customer) (VP does n't (VP want (NP that))) . '')) (TOP (S (NP-SBJ Convex) (VP closed (PP-LOC in (NP over-the-counter trading)) (PP-TMP on (NP Friday)) (PP-CLR at (NP (NP $ 15.375 *U*) (NP-ADV a share))) , (ADVP down (NP 12.5 cents))) .)) (TOP (S (S-TPC-1 (NP-SBJ Troubled Saatchi & Saatchi Co.) (VP (VP has (VP attracted (NP (NP offers) (PP for (NP (NP some) (PP of (NP its advertising units))))) , (PP with (S-NOM (NP-SBJ potential suitors) (VP including (NP Interpublic Group)))))) , but (VP has (VP rejected (NP them))))) , (NP-SBJ (NP people) (ADJP familiar (PP with (NP the company)))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Industry executives) (VP said (SBAR 0 (S (NP-SBJ-1 Interpublic) (VP (VP approached (NP Saatchi) (PP-TMP in (NP August)) (PP about (S-NOM (NP-SBJ *) (VP buying (NP its Campbell-Mithun-Esty unit))))) , but (VP was (VP turned (PRT down) (NP *-1) (PP by (NP-LGS Chairman Maurice Saatchi)))))))) .)) (TOP (S (S-TPC-1 (ADVP-TMP More recently) , (NP-SBJ Interpublic) (VP (VP inquired (PP-CLR about (NP (NP one) (PP of (NP (NP Saatchi 's) smaller communications companies)) (PRN -- (VP identified (NP *) (PP-CLR as (NP the Rowland public relations firm)) (PP by (NP-LGS several industry executives))) --)))) but (VP (ADVP-TMP again) was (VP rebuffed)))) , (NP-SBJ they) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Interpublic 's) chairman and chief executive officer) , (NP Philip Geier Jr.) ,) (VP made (NP the pitches) (PP-LOC in (NP (NP visits) (PP to (NP Mr. Saatchi)) (PP-LOC in (NP London)))))) , (NP-SBJ the executives) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 A Saatchi spokesman) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR about (NP Interpublic)))))) .)) (TOP (S But (NP-SBJ the spokesman) (VP confirmed (SBAR that (S (NP-SBJ Saatchi) (VP has (VP received (NP (NP several inquiries) (PP from (NP (NP companies) (VP interested (NP *) (PP-CLR in (S-NOM (NP-SBJ *) (VP acquiring (NP its Campbell-Mithun and Rowland units))))))))))))) .)) (TOP (S (NP-SBJ He) (VP added , `` (S (NP-SBJ-1 We) (VP have (NP (NP no intention) (PP of (S-NOM (NP-SBJ *-1) (VP selling (NP either business)))))))) . '')) (TOP (S (NP-SBJ Interpublic) (VP declined (NP comment)) .)) (TOP (S (NP-SBJ The offers) (VP come (SBAR-CLR as (S (NP-SBJ Saatchi) (VP is (VP struggling (PP-CLR through (NP (NP the most troubled period) (PP-TMP in (NP its 19-year history))))))))) .)) (TOP (S (S (NP-SBJ Takeover speculation) (VP has (VP been (ADJP-PRD rife)))) , (S (NP-SBJ its consulting business) (VP is (PP-PRD on (NP the block)))) , and (S (NP-SBJ (NP its largest shareholder) , (NP Southeastern Asset Management) ,) (VP has (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP 's (VP been (VP approached (NP *-1) (PP by (NP-LGS third parties)) (PP regarding (NP a possible restructuring)))))))))) .)) (TOP (S (S (NP-SBJ Analysts) (VP have (ADVP-TMP continually) (VP lowered (NP (NP their earnings estimates) (PP for (NP the company))))) ,) and (S (NP-SBJ their outlook) , (PP (ADVP at least) for (NP the short term)) , (VP is (ADJP-PRD bleak))) .)) (TOP (S (PP-TMP In (NP (NP the midst) (PP of (NP the current turmoil)))) , (NP-SBJ-1 Saatchi) (VP is (VP attempting (S (NP-SBJ *-1) (VP to (VP shore (PRT up) (NP its ad businesses)))))) .)) (TOP (S (NP-SBJ It) (VP named (NP (NP a new chief executive officer) , (NP (NP former IMS International head) (NP Robert Louis-Dreyfus)))) .)) (TOP (S (NP-SBJ It) (VP rebuffed (NP (NP an offer (S *ICH*-1)) (PP by (NP (NP Carl Spielvogel) , (NP (NP head) (PP of (NP (NP Saatchi 's) Backer Spielvogel Bates unit))) ,)) (S-1 (NP-SBJ *) (VP to (VP lead (NP (NP a management buy-out) (PP of (NP (NP all or part) (PP of (NP Saatchi)))))))))) .)) (TOP (S And (NP-TMP last week) , (NP-SBJ (NP people) (ADJP close (PP to (NP Saatchi)))) (VP said (SBAR 0 (S (NP-SBJ (NP Maurice Saatchi) and (NP (NP his brother) , (NP Charles) ,)) (VP would (VP lead (NP a buy-out) (SBAR-ADV if (S (NP-SBJ a hostile bid) (VP emerged)))))))) .)) (TOP (S But (NP-SBJ (NP Saatchi 's) troubles) (VP have (ADVP only) (VP whipped (PRT up) (NP interest) (PP among (NP (NP outsiders) (VP interested (NP *) (PP-CLR in (S-NOM (NP-SBJ *) (VP picking (PRT off) (NP (NP pieces) (PP of (NP its ad businesses))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP (NP Saatchi 's) major agency networks) (PRN -- (NP (NP Backer Spielvogel) and (NP Saatchi & Saatchi Advertising)) --)) (VP would (VP be (ADJP-PRD difficult (SBAR for (S (NP-SBJ any ad firm) (VP to (VP buy))))) (PP-PRP because of (NP potential client conflicts)))))) , (NP-SBJ its smaller businesses) (VP are (ADJP-PRD quite attractive)) .)) (TOP (S (NP-SBJ Campbell-Mithun-Esty) , (PP for (NP example)) , (VP (VP has (VP had (NP big problems) (PP-LOC at (NP its New York office)))) , but (VP offers (NP strong offices) (PP-LOC in (NP (NP other areas) (PP of (NP the country)) , (PP including (NP Minneapolis and Chicago)))))) .)) (TOP (S (NP-SBJ That) (VP would (VP would (VP make (S (NP-SBJ it) (ADJP-PRD appealing (PP-CLR to (NP (NP a network) (PP such as (NP Interpublic)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP already) (VP has (NP a healthy New York presence))))))))))) .)) (TOP (S -LRB- (SBAR-ADV While (S (NP-SBJ there) (VP would (VP be (NP-PRD some client conflicts))))) , (NP-SBJ they) (VP would n't (VP be (ADJP-PRD (ADJP nearly as onerous) (PP as (PP with (NP (NP Saatchi 's) other agencies)))))) . -RRB-)) (TOP (S (S (NP-SBJ Campbell-Mithun) (ADVP also) (VP would (VP be (NP-PRD (NP a sizable addition) (PP to (NP an agency network)))))) : (S (NP-SBJ It) (VP has (NP (NP (NP billings) (PP of (NP (QP about $ 850 million) *U*))) and (NP (NP blue-chip clients) (PP including (NP (NP General Mills) , (NP Jeep/Eagle) and (NP Dow Brands))))))) .)) (TOP (S (NP-SBJ Rowland) , (ADVP-TMP meanwhile) , (VP (VP has (VP expanded (ADVP-MNR aggressively))) , and (VP (ADVP-TMP now) ranks (PP-CLR as (NP the fifth-largest U.S. public relations firm))) , (PP according (PP to (NP (NP (NP O'Dwyer's) Directory) (PP of (NP Public Relations Firms)))))) .)) (TOP (S (NP-SBJ It) (VP would (VP be (ADJP-PRD attractive (PP to (NP (NP an agency) (PP such as (NP (NP Interpublic) , (NP (NP one) (PP of (NP (NP the few big agency groups) (PP without (NP (NP an affiliated public relations firm) (PP of (NP its own)))))))))))))) .)) (TOP (S (NP-SBJ Other Saatchi units) (VP include (NP (NP (NP ad agency) (NP (NP McCaffrey & McCall) , (SBAR (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP the Mercedes account)))) and (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP has (VP been (VP attempting (S (NP-SBJ *-3) (VP to (VP buy (NP itself) (ADVP-CLR back)))))))))))) ; and (NP (NP Howard Marlboro) , (NP a sports and event marketing firm)))) .)) (TOP (S (PP Despite (NP (NP (NP Saatchi 's) firm stand) (PP against (S-NOM (NP-SBJ *) (VP selling (NP its ad units)))))) , (NP-SBJ U.S. analysts) (VP believe (SBAR 0 (S (NP-SBJ the company) (VP may (ADVP-TMP ultimately) (VP sell (NP (NP some) (PP of (NP the smaller units)))))))) .)) (TOP (S (NP-SBJ Mr. Louis-Dreyfus) , (PP-LOC in (NP a recent interview)) , (VP said (SBAR 0 (S (NP-SBJ he) (VP might (VP sell `` (NP a marginal agency or office)))))) . '')) (TOP (S (NP-SBJ Analysts) (VP believe (SBAR 0 (S (NP-SBJ he) (VP may (ADVP-TMP ultimately) (VP dispose (PP-CLR of (NP (NP some) (PP of (NP the non-advertising businesses))))))))) .)) (TOP (NP (NP Prudential 's) Final Four)) (TOP (S (NP-SBJ (NP Prudential Insurance Co.) (PP of (NP America))) (VP said (SBAR 0 (S (NP-SBJ it) (VP selected (S (NP-SBJ four agencies) (VP to (VP pitch (NP its (ADJP (QP $ 60 million to $ 70 million) *U*) account)))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP (NP Backer Spielvogel Bates) , (NP (NP a Saatchi unit) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP handled (NP the account) (PP-TMP since (NP 1970))))))))))) , (NP-SBJ the other agencies) (VP include (NP (NP (NP Lowe Marschalk) , (NP (NP a unit) (PP of (NP the Lowe Group)))) ; (NP Grey Advertising) ; and (NP (NP WPP Group 's) Scali , McCabe , Sloves agency))) .)) (TOP (S (NP-SBJ All agencies) (VP are (ADJP-PRD New York-based)) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP (NP the insurance and financial services firm) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Newark) , (NP N.J.) ,)))))) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP hopes (S (NP-SBJ *-1) (VP to (VP make (NP a decision) (PP within (NP (QP three to four) months))))))))) .)) (TOP (S-HLN (NP-SBJ Jamaica) (VP Fires (ADVP-CLR Back)))) (TOP (S (NP-SBJ The Jamaica Tourist Board) , (PP in (NP (NP the wake) (PP of (NP (NP (NP Young & Rubicam 's) indictment) (PP on (NP charges (SBAR that (S (NP-SBJ-1 it) (VP bribed (NP Jamaican officials) (S-PRP (NP-SBJ *-1) (VP to (VP win (NP the account)))) (PP-TMP in (NP 1981))))))))))) , (VP released (NP (NP a scathing memo) (VP blaming (NP the agency) (PP for (NP the embarrassing incident))))) .)) (TOP (S (NP-SBJ-2 The memo) (VP attempts (S (NP-SBJ *-2) (VP to (VP remove (NP the tourist board) (ADVP-DIR (ADJP as far) (PP as (ADJP possible)) (PP from (NP (NP the agency) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP pleaded (ADJP-PRD innocent (PP to (NP the charges))))))))))))) .)) (TOP (S (PP Among (NP other things)) , (NP-SBJ the memo) (VP contends (SBAR that (S (NP-SBJ Young & Rubicam) (VP gave (NP false assurances (SBAR that (S (NP-SBJ the investigation) (VP would n't (VP uncover (NP (NP any information) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would `` (VP embarrass (NP (NP (NP the government) (PP of (NP Jamaica))) or (NP the Jamaica Tourist Board)))))))))))))))) . '')) (TOP (S (NP-SBJ It) (ADVP also) (VP contends (SBAR that (S (NP-SBJ Young & Rubicam) (ADVP-TMP never) (VP told (NP the tourist board) (PP-CLR about (NP (NP its relationship) (PP with (NP (NP Ad Ventures) , (NP (NP a Jamaican firm) (VP hired (NP *) (PP by (NP-LGS the agency)))))))))))) .)) (TOP (S (NP-SBJ The U.S. indictment) (VP charges (SBAR 0 (S (NP-SBJ Ad Ventures) (VP was (NP-PRD (NP a front) (VP used (S-CLR (NP-SBJ *) (VP to (VP funnel (NP kickbacks) (PP-DTV to (NP (NP the then-minister) (PP of (NP tourism))))))))))))) .)) (TOP (S (NP-SBJ The memo) (ADVP also) (VP chastises (NP the agency) (PP-CLR for (NP (NP the timing) (PP of (NP (NP its announcement (SBAR *ICH*-1)) (NP-TMP Thursday) (SBAR-1 that (S (NP-SBJ it) (VP would (ADVP-TMP no longer) (VP handle (NP the (ADJP (QP $ 5 million to $ 6 million) *U*) account)))))))))) .)) (TOP (S (NP-SBJ The agency) (VP (VP declined (NP comment)) , but (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP continue (NP work) (SBAR-TMP until (S (NP-SBJ-1 a new agency) (VP is (VP chosen (NP *-1))))))))))) .)) (TOP (NP Ad Notes ... .)) (TOP (NP-HLN NEW ACCOUNT)) (TOP (UCP : (S (NP-SBJ (NP American Suzuki Motor Corp.) , (NP-LOC (NP Brea) , (NP Calif.) ,)) (VP awarded (NP its estimated (ADJP (QP $ 10 million to $ 30 million) *U*) account) (PP-CLR to (NP (NP Asher/Gould) , (NP Los Angeles))))) .)) (TOP (SINV (VP-TPC-1 (ADVP Also) participating (PP-LOC in (NP the finals))) (VP was (VP *T*-1)) (NP-SBJ (NP Los Angeles agency) (NP Hakuhodo Advertising America)) .)) (TOP (S (NP-SBJ (NP (NP American Suzuki 's) previous agency) , (NP Keye/Donna/Pearlstein) ,) (VP did n't (VP participate)) .)) (TOP (S-HLN (NP-SBJ AYER) (VP TALKS) :)) (TOP (S (NP-SBJ (NP (NP N W Ayer 's) president and chief executive officer) , (NP Jerry J. Siano) ,) (VP said (SBAR 0 (S (S (NP-SBJ the agency) (VP is (VP holding (NP `` (NP conversations) '' (PP about (S-NOM (NP-SBJ *) (VP acquiring (NP (NP Zwiren Collins Karo & Trusk) , (NP a midsized Chicago agency))))))))) , but (S (NP-SBJ-2 a deal) (VP is n't (ADVP-TMP yet) (ADJP-PRD close (PP to (S-NOM (NP-SBJ-1 *-2) (VP being (VP completed (NP *-1))))))))))) .)) (TOP (SBARQ-HLN (WHNP-2 WHO) (S (NP-SBJ *T*-2) (VP 'S (NP-PRD NEWS))) :)) (TOP (S (NP-SBJ-1 (NP John Wells) , (NP 47) , (NP (NP former president and chief executive) (PP of (NP (NP N W Ayer 's) Chicago office))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP management director and director) (PP of (NP account services)) (PP-LOC at (NP (NP (NP WPP Group 's) J. Walter Thompson agency) (PP-LOC in (NP Chicago)))))))) ... .)) (TOP (S (NP-SBJ-1 (NP Shelly Lazarus) , (NP 42) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP president and chief operating officer) (PP of (NP (NP Ogilvy & Mather Direct) , (NP (NP the direct mail division) (PP of (NP (NP WPP Group 's) Ogilvy & Mather agency))))))))) .)) (TOP (S (NP-SBJ (NP Grand Metropolitan PLC) , (NP (NP the United Kingdom food and beverage group) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP owns (NP (NP Pillsbury Inc.) (PP of (NP the U.S.))))))) ,) (VP announced (NP (NP a reshuffling) (PP of (NP board-level executive duties)) (VP intended (S (NP-SBJ *) (VP to (VP fit (NP (NP the company 's) recent expansion))))))) .)) (TOP (S (NP-SBJ (NP David Nash) , (NP (NP formerly group finance director) (PP-LOC at (NP Cadbury Schweppes PLC))) ,) (VP will (VP become (NP-PRD (NP Grand Met 's) first group finance director) (PP-TMP in (NP January)))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ Grand Met) (VP said (SBAR 0 (S (NP-SBJ its recent `` (NX (NX growth) and (NX wider geographic spread)) '') (VP made (S (NP-SBJ it) (ADJP-PRD necessary (S (NP-SBJ *) (VP to (VP create (NP the new position)))))))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP reassigned (NP several executive responsibilities)) .)) (TOP (S (NP-SBJ-1 (NP David Tagg) , (PP (ADVP-TMP formerly) in (NP (NP charge) (PP of (NP gambling operations)))) ,) (VP was (VP appointed (S (NP-SBJ *-1) (NP-PRD (NP chief executive) (PP for (NP retailing and property)))))) .)) (TOP (S (NP-SBJ (NP (NP Peter Cawdron) , (NP group strategy development director) ,) and (NP (NP Bill Shardlow) , (NP group personnel director) ,)) (VP will (VP become (NP-PRD (NP part) (PP of (NP (NP the board 's) management committee))))) .)) (TOP (S (NP-SBJ (NP David Baltimore) , (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP has (ADVP-TMP just) (VP been (VP named (S (NP-SBJ *-1) (NP-PRD (NP president) (PP of (NP Rockefeller University))))))))) ,) (ADVP-TMP already) (VP knows (SBAR (WHNP-3 what) (S (NP-SBJ (NP it) (S *EXP*-4)) (VP 's (PP-PRD like (NP *T*-3)) (S-4 (NP-SBJ *) (VP to (VP go (PP-CLR through (NP life)) (PP-MNR with (NP `` (NP Nobel laureate) '' (VP appended (NP *) (PP-CLR to (NP (NP one 's) name)))))))))))) .)) (TOP (S (NP-SBJ He) (VP is (ADVP-TMP currently) (VP experiencing (SBAR (WHNP-1 what) (S (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (PP-PRD like (NP *T*-1)) (S-2 (NP-SBJ *) (VP to (VP have (NP (NP the phrase) , `` (PP under (NP (NP investigation) (PP for (NP scientific fraud)))) , '') (VP (ADVP also) attached (PP-CLR to (NP his name))))))))))) .)) (TOP (S (S (NP-SBJ The Nobel committee) (VP made (NP the first addition))) ; (S (NP-SBJ (NP John Dingell 's) congressional committee) (VP created (NP the second))) .)) (TOP (S (NP-SBJ (NP Both) (PP of (NP (NP Dr. Baltimore 's) public faces))) (VP have (VP been (PP-PRD on (NP view)) (NP-TMP the past few weeks) (SBAR-ADV while (S (NP-SBJ he) (VP was (PP-PRD under (NP consideration (S (NP-SBJ *) (VP to (VP succeed (NP Joshua Lederberg) (PP-CLR as (NP (NP head) (PP of (NP the prestigious Rockefeller research institution)))))))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP came (S-PRD (NP-SBJ *) (VP to (VP light))) (SBAR-2 that (S (NP-SBJ (NP a substantial number) (PP of (NP (NP Rockefeller 's) faculty))) (VP were (VP (VP upset (PP-CLR over (NP *RNR*-1))) or (VP (ADVP even) opposed (PP-CLR to (NP *RNR*-1))) (NP-1 (NP Dr. Baltimore) 's impending appointment)))))) .)) (TOP (S (NP-SBJ-1 They) (VP were (VP disturbed (NP *-1) (PP-CLR at (SBAR-NOM (WHNP-4 what) (S (NP-SBJ they) (VP regarded (NP *T*-4) (PP-CLR as (NP (NP (NP Dr. Baltimore 's) confrontational attitude) (PP toward (NP (NP the Dingell committee) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP held (NP (NP hearings) (PP on (NP (NP a dispute) (PP over (NP (NP the lab notebooks) (PP of (NP (NP a researcher) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP had (VP co-authored (NP a scientific paper) (PP with (NP Dr. Baltimore)))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Readers) (PP of (NP (NP these columns) (PRN -LRB- (NP `` (NP-TTL The Science Police) , '' (NP-TMP May 15)) -RRB-)))) (VP will (VP recall (SBAR that (S (NP-SBJ Dr. Baltimore) (VP was (ADVP merely) (NP-PRD (NP the (ADJP most well-known) part) (PP of (NP (NP (NP the Dingell committee 's) larger investigation) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP touched (NP (NP MIT) , (NP Tufts) , (NP Duke) , (NP (NP the National Institutes) (PP of (NP Health))) and (NP elsewhere))))))))))))) .)) (TOP (S (NP-SBJ-1 Rep. Dingell) (ADVP even) (VP managed (S (NP-SBJ *-1) (VP to (VP enlist (NP (NP the services) (PP of (NP the Secret Service))) (PP-LOC in (NP (NP his investigation) (PP of (NP the Baltimore paper)))))))) .)) (TOP (S (SBAR-ADV Insofar as (S (NP-SBJ Mr. Dingell) (VP has (NP (NP a special interest) (PP-LOC in (NP (NP NIH) and (NP (NP the institutions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP receive (NP its funding))))))))))) , (NP-SBJ the Rockefeller scientists) (VP were (ADJP-PRD (NP no doubt) discomfited (PP by (NP (NP (NP Dr. Baltimore 's) unflattering public opinion) (PP of (NP (NP this congressional patron) , (SBAR (WHNP-2 whose behavior) (S (NP-SBJ *T*-2) (VP reminded (NP (NP Dr. Baltimore) (PP of (NP the McCarthy era)))))))))))) .)) (TOP (S (NP-SBJ This) (ADVP well) (VP may (VP be (NP-PRD (NP the first time) (SBAR (WHADVP-1 that) (S (NP-SBJ the venerable Rockefeller University) (VP has (VP brushed (ADVP-CLR up) (ADVP-LOC publicly) (PP-CLR against (NP (NP the intimidations) (ADJP now common (PP-LOC in (NP American science))))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (S (NP-SBJ John Dingell) (VP demagogues (NP a David Baltimore))) , (S (NP-SBJ animal-rights activists) (VP do (NP (NP (QP $ 3.5 million) *U*) (PP of (NP damage))) (PP-CLR to (NP (NP labs) (PP-LOC at (NP the U.Cal-Davis)))))) , (S (NP-SBJ Meryl Streep) (VP decries (NP (NP the horrors) (PP of (NP chemistry))) (PP-LOC on (NP talk shows)))) , (S (NP-SBJ-1 Jeremy Rifkin) (VP files (NP lawsuits) (PP-LOC in (NP federal court)) (S-PRP (NP-SBJ *-1) (VP to (VP thwart (NP biotech experiments)))))) , and (S (NP-SBJ (NP (NP Dutch-elm-disease researcher Gary Strobel 's) own colleagues) (PP-LOC at (NP Montana State))) (VP denounce (NP him) (PP-CLR for `` (S-NOM (NP-SBJ *) (VP violating '' (NP EPA rules)))))) .)) (TOP (S (NP-SBJ-3 (NP Scientists) (SBAR *ICH*-2)) (VP are (VP mistaken (NP *-3) (SBAR-2 (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (ADVP-TMP still) think (SBAR (SBAR that (S (NP-SBJ (NP the anti-science movement) (PP-LOC in (NP this country))) (VP is n't (NP-PRD their concern)))) or (SBAR that (S (NP-SBJ a David Baltimore) (VP could (VP have (ADVP somehow) (VP placated (NP a John Dingell)))))))))))) .)) (TOP (S -LRB- (NP-SBJ Mr. Dingell) (PP , by (NP the way) ,) (VP has (VP decreed (NP (NP another NIH investigation) (PP of (NP the Baltimore paper))) , (S-ADV (NP-SBJ *) (VP adding (PP-CLR to (NP several previous investigations)))))) .)) (TOP (S (NP-SBJ-1 (NP Something) (ADJP other (PP than (SBAR (WHNP-2 what) (S (NP-SBJ most scientists) (VP would (VP recognize (NP *T*-2) (PP-CLR as (NP the truth))))))))) (VP is (VP being (VP sought (NP *-1) (ADVP-LOC here)))) . -RRB-)) (TOP (S (ADVP Fortunately) , (NP-SBJ there) (VP are (NP-PRD signs (SBAR that (S (NP-SBJ (NP increasing numbers) (PP of (NP scientists))) (VP understand (NP (NP the necessity) (PP of (S-NOM (NP-SBJ *) (VP speaking (PRT out)))))))))) .)) (TOP (S (NP-SBJ (NP David Hubel) , (NP (NP a Nobel laureate) (PP-LOC at (NP Harvard))) ,) (VP has (VP taken (NP (NP the lead) (PP in (S-NOM (NP-SBJ *) (VP defending (NP (NP research) (PP with (NP animals))))))) , (SBAR-ADV as (SINV (VP has) (NP-SBJ Dr. Michael DeBakey))))) .)) (TOP (S (NP-SBJ NASA) (VP defended (NP itself) (ADVP-MNR vigorously and successfully) (PP against (NP (NP a Rifkin suit) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP block (NP the Galileo launch)))))))) .)) (TOP (S (NP-SBJ-1 Scientists) (VP need (S (NP-SBJ *-1) (VP to (VP understand (SBAR that (S (SBAR-ADV while (S (NP-SBJ-2 they) (VP tend (S (NP-SBJ *-2) (VP to (VP believe (SBAR 0 (S (NP-SBJ their work) (VP is (ADVP primarly) (PP-PRD about (S-NOM (NP-SBJ *) (VP (VP establishing (NP new knowledge)) or (VP doing (NP good)))))))))))))) , (NP-TMP today) (NP-SBJ it) (VP is (ADVP also) (PP-PRD about (NP power))))))))) .)) (TOP (S (PP-LOC In (NP a media-linked world)) , (S (NP-SBJ scientists) (VP may (VP earn (NP (NP wide praise) and (NP even Nobels)) (PP-CLR for (NP their work))))) , but (S (NP-SBJ they) (ADVP also) (VP attract (NP (NP the attention) (PP of (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP wish (S (NP-SBJ *-2) (VP to (VP gain (NP (NP control) (PP over (NP (NP the content , funding and goals) (PP of (NP that work)))))))))))))))) .)) (TOP (S (SBAR (WHADVP-2 When) (S (NP-SBJ (NP a David Baltimore) (PRN -- or (NP the next target) --)) (VP decides (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-3)) (VP is (ADJP-PRD better) (S-3 (NP-SBJ *) (VP to (VP stand (PRT up) (PP-CLR to (NP these forces)))))))) (ADVP-TMP *T*-2)))) , (NP-SBJ-4 his fellow scientists) (VP would (VP do (ADVP-CLR well) (S (NP-SBJ *-4) (VP to (VP (VP recognize (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP is (ADVP fundamentally) (PP-PRD at (NP stake)))))) , and (VP offer (NP their public support))))))) .)) (TOP (S (NP-SBJ Wisconsin Toy Co.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (ADVP definitively) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP closely held Everything 's a Dollar Inc.) (PP of (NP (NP Virginia Beach) , (NP Va.) ,))) (PP for (NP (NP stock) (VP (ADVP-TMP currently) valued (PP-CLR at (NP (QP about $ 4.7 million) *U*)))))))))))) .)) (TOP (S (NP-SBJ The Milwaukee toy retailer) (VP said (SBAR 0 (S (NP-SBJ the agreement) (VP calls (SBAR for (S (NP-SBJ Everything 's a Dollar holders) (VP to (VP receive (PP-CLR for (NP their holdings)) (NP (NP a total) (PP of (NP 354,600 (ADJP newly issued) Wisconsin Toy shares))))))))))) .)) (TOP (S (NP-SBJ Wisconsin Toy) (ADVP-TMP currently) (VP has (NP (NP (QP about 4.7 million) shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ A company official) (VP said (SBAR 0 (S (NP-SBJ (NP Arthur Borie) , (NP (PP until (NP January)) (NP chief operating officer) (PP of (NP Pic 'N Save Inc.))) ,) (VP (VP will (VP buy (NP (NP a (ADJP 20 %) stake) (PP-LOC in (NP the new Wisconsin Toy subsidiary))))) , and (VP will (VP act (PP-CLR as (NP (NP head) (PP of (NP Everything 's a Dollar)))))))))) .)) (TOP (S (NP-SBJ Wisconsin Toy) (VP has (NP 71 retail stores) , (PP-LOC (ADVP primarily) in (NP discount settings))) .)) (TOP (S (NP-SBJ Everything 's a Dollar) (VP operates (NP 60 specialty-retail stores)) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ *-1) (VP welcoming (NP (NP (NP Nicholas McInnes 's) Sept. 18 letter) (VP offering (NP (NP corrections) (PP to (NP your `` World-Wide Tax Revolution '' table)))) (PRN -LRB- (NP (NP editorial page) , (NP-TMP Aug. 29)) -RRB-))))) , (NP-SBJ-1 I) (VP am (VP surprised (NP *-1) (SBAR that (S (NP-SBJ he) (VP neglected (NP (NP other errors) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) , (PP for (NP (NP some) (PP of (NP us)))) , (VP strike (ADVP-LOC close (PP to (NP home)))))))))))) .)) (TOP (S (PP As (NP a Channel Islander)) , (NP-SBJ-1 I) (VP was (VP amazed (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ my birthplace) (VP listed (PP-CLR as (NP (NP one) (PP of (NP `` (NP 86 countries) (PP with (NP an income tax))))))))))))) . '')) (TOP (S (PP Despite (NP (NP a history) (PP of (NP (NP heated local debate) (PP on (NP the topic)))))) , (NP-SBJ my passport) (ADVP-MNR clearly) (VP reads `` (NP British citizen)) . '')) (TOP (S (SBAR-NOM-SBJ Whether (S (NP-SBJ (NP Mr. McInnes 's) oversight) (VP is (ADVP merely) (NP-PRD (NP a sign) (PP of (NP (NP a mainlander 's) benign neglect)))))) (VP is (NP-PRD (NP a question) (SBAR (WHNP-1 0) (S (NP-SBJ-2 (NP my fellow Channel Islanders) (PRN -LRB- and (NP (NP friends) (PP-LOC on (NP (NP the Isle) (PP of (NP Man))))) -RRB-)) (VP will (VP continue (S (NP-SBJ *-2) (VP to (VP ponder (NP *T*-1)))))))))) .)) (TOP (NP Patrick Basham)) (TOP (S (NP-SBJ-1 (NP Roland J. Hawkins) , (NP (NP chairman) (PP of (NP Jet Vacations Inc.))) ,) (VP was (VP elected (NP *-1) (PP-CLR to (NP (NP the board) (PP of (NP this cruise line)))))) .)) (TOP (S (NP-SBJ The board) (VP expands (PP-CLR to (NP seven members))) .)) (TOP (NP Ducks .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the White House) (VP spots (NP one)))) , (NP-SBJ-1 it) (VP intends (S (NP-SBJ *-1) (VP to (VP fire (NP a veto) (PP-DIR at (NP it)))))) .)) (TOP (S (NP-SBJ Ducks) (VP are (NP-PRD (NP (NP this season 's) word) (PP for (NP new taxes))) , (PP under (NP (NP OMB Director Richard Darman 's) formulation (SBAR that `` (S (SBAR-ADV if (S (NP-SBJ it) (VP (VP looks (PP-CLR like (NP a duck))) , (VP walks (PP-CLR like (NP a duck))) and (VP quacks (PP-CLR like (NP a duck)))))) , (NP-SBJ it) (VP 's (NP-PRD a duck))))))) . '')) (TOP (S (NP-SBJ George Bush) (VP is (ADJP-PRD quite clear) : (NP-ADV No new ducks)) .)) (TOP (SQ But (FRAG (WHNP what) (PP about (NP (NP all those non-duck ducks) (VP flapping (PP-CLR over (NP Washington)))))) ?)) (TOP (S (NP-SBJ We) (VP see (NP (NP a whole flock) (PP of (NP (NP programs) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP impose (NP significant costs) (PP-CLR on (NP the American economy)) (PP in (NP (NP the form) (PP of (NP (NP burdensome regulation) and (NP higher liabilities))))))))))))) .)) (TOP (NP (NP Federal child care) (PRN -LRB- (INTJ quack) -RRB-) .)) (TOP (NP (NP The Clean Air bill) (PRN -LRB- (INTJ quack) -RRB-) .)) (TOP (NP (NP The disabled-workers bill) (PRN -LRB- (INTJ (INTJ quack) , (INTJ quack)) -RRB-) .)) (TOP (S (S (NP-SBJ The Bush White House) (VP is (VP breeding (NP non-duck ducks) (NP-MNR (NP the same way) (SBAR (WHADVP-2 0) (S (NP-SBJ the Nixon White House) (VP did (ADVP-MNR *T*-2)))))))) : (S (NP-SBJ It) (VP hops (PP-LOC on (NP (NP (NP an issue) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD unopposable))))) -- (NP (NP cleaner air) , (NP (NP better treatment) (PP of (NP the disabled))) , (NP better child care)))))) .)) (TOP (S (NP-SBJ It) (VP comes (PRT up) (PP-CLR with (NP (NP a toned-down version) (PP of (NP a Democratic proposal))))) .)) (TOP (S (S (NP-SBJ-3 The bill) (VP gets (VP signed (NP *-3) (PP-CLR into (NP law))))) and (S (ADVP-TMP then) (NP-SBJ-1 the administration) (VP watches (ADVP-MNR helplessly) , (S-ADV (NP-SBJ *-1) (VP wondering (SBAR (WHADVP-2 where) (S (NP-SBJ all the `` unexpected '' costs) (VP came (PP-CLR from (ADVP *T*-2))))))))) .)) (TOP (S (NP-SBJ *) (VP Consider , (PP for (NP instance)) , (NP (NP the (ADJP very fat) fowl) (VP known (NP *) (PP-CLR as (NP federalized child care))))) .)) (TOP (S (NP-SBJ-1 The President) (VP (VP came (PRT up) (PP-CLR with (NP a good bill))) , but (VP (ADVP-TMP now) may (VP end (PRT up) (S-ADV (NP-SBJ *-1) (VP signing (NP (NP the awful bureaucratic creature) (VP hatched (NP *) (PP-LOC on (NP Capitol Hill))))))))) .)) (TOP (S (NP-SBJ It) (VP would (VP create (NP (NP 38,000 local day-care commissions) , (ADJP answerable (PP to (NP (NP the Department) (PP of (NP Health and Human Services)))))))) .)) (TOP (S (S (NP-SBJ They) (VP 'd (VP determine (SBAR (WHADVP-1 where) (S (NP-SBJ parents) (VP could (VP store (NP their kids) (PP-TMP during (NP the day)) (ADVP-LOC-CLR *T*-1)))))))) , and (S (NP-SBJ they) (VP 'd (VP regulate (NP the storage facilities)))) .)) (TOP (S (S (NP-SBJ-1 The initial costs) (VP are (VP said (S (NP-SBJ *-1) (VP to (VP be (PP-PRD in (NP the (ADJP (ADJP (QP $ 2 billion) *U*) (NP-ADV a year)) range)))))))) , but (S (NP-SBJ that) (VP 's (NP-PRD only the beginning))) .)) (TOP (S (NP-SBJ-1 New entitlements) (VP tend (S (NP-SBJ *-1) (VP to (VP grow , (S-ADV (NP-SBJ *) (VP creating (NP (NP a rationale) (PP for (NP new taxes))))))))) .)) (TOP (INTJ Quack .)) (TOP (S (S (NP-SBJ The administration) (VP claims (SBAR that (S (NP-SBJ its Clean Air bill) (VP will (VP cost (NP businesses) (PP between (NP (QP $ 14 billion and $ 19 billion) *U*)) (ADVP-TMP annually))))))) , but (S (NP-SBJ economist Michael Evans) (VP estimates (SBAR that (S (NP-SBJ (NP the costs) (PP for (NP firms))) (VP will (ADVP actually) (VP be (PP-PRD in (NP the (ADJP (ADJP (QP $ 60 billion) *U*) (NP-ADV a year)) range)))))))) .)) (TOP (S (NP-SBJ The House bill) (ADVP also) (VP distorts (NP economic efficiency) (PP-MNR in (NP (NP all sorts) (PP of (NP perverse ways))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ the administration proposal) (VP imposes (NP extremely tough emissions standards) (PP-LOC on (NP new power plants))) .)) (TOP (S So (PP instead of (S-NOM (NP-SBJ *-1) (VP building (NP more efficient modern plants)))) , (NP-SBJ-1 utilities) (VP stick (NP scrubbers) (PP-LOC-CLR on (NP the old plants))) .)) (TOP (S (NP-SBJ-1 (NP The money) (VP spent (NP *) (PP-LOC on (NP scrubbers)))) (VP is (VP diverted (NP *-1) (PP-CLR from (NP (NP planned research) (PP on (NP new , cleaner technology)))))) .)) (TOP (S (NP-SBJ The bill) (ADVP also) (VP imposes (NP the California auto-emissions standards) (PP-CLR on (NP all cars)) (ADVP-LOC nationwide) , (SBAR-ADV as if (S (NP-SBJ-1 (NP a car) (VP registered (NP *) (PP-LOC in (NP (NP Big Sky) , (NP Montana) ,)))) (VP needed (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD (ADJP as clean) (PP as (NP (NP one) (VP driven (NP *) (PP-LOC in (NP Los Angeles))))))))))))) .)) (TOP (S (NP-SBJ (NP Proponents) (PP of (NP the nationwide standards))) (VP say (SBAR 0 (S (NP-SBJ (NP the cost) (PP for (NP car buyers))) (VP would (VP be (NP-PRD (NP (QP about $ 500) *U*) (PP per (NP car)))))))) .)) (TOP (S (NP-SBJ Other analysts) (VP say (SBAR 0 (S (NP-SBJ that estimate) (VP is (ADJP-PRD low))))) .)) (TOP (INTJ Quack .)) (TOP (S (NP-SBJ Nobody) (VP knows (SBAR (WHNP-1 (NP how many billions) (PP of (NP dollars))) (S (NP-SBJ (NP the Americans) (PP With (NP Disabilities Act))) (VP will (VP cost (NP *T*-1))))) , (SBAR-PRP because (S (NP-SBJ nobody) (VP knows (SBAR (WHNP-2 what) (S (NP-SBJ the bill) (VP entails (NP *T*-2)))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP an (ADJP intentionally vague) document) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP create (NP (NP a wave) (PP of (NP litigation))))))))) .)) (TOP (S (NP-SBJ Judges) (VP will (VP write (NP the real bill) (SBAR-TMP as (S (NP-SBJ suits) (VP roll (PP-LOC-CLR through (NP the courts))))))) .)) (TOP (S (NP-SBJ Lawyers) (VP will (VP benefit)) .)) (TOP (S (NP-SBJ-1 (NP Private companies) , and (ADVP ultimately) (NP their customers) ,) (VP will (VP end (PRT up) (S-ADV (NP-SBJ *-1) (VP footing (NP the huge bill))))) .)) (TOP (S (NP-SBJ (NP The effect) (PP of (NP Nixon era non-duck ducks))) (VP was (NP-PRD (NP an economy) (VP clogged (NP *) (PRT up) (PP-CLR with (NP regulations and distortions))))) .)) (TOP (S (NP-SBJ-1 All this) (VP was (VP recognized and documented (NP *-1) (PP-TMP in (NP the succeeding years)) (PP by (NP-LGS (NP economists) , (NP (SBAR (WHNP-2 (NP some) (PP of (WHNP whom))) (S (NP-SBJ-3 *T*-2) (VP worked (PP-LOC in (NP the Reagan administration)) (S-PRP (NP-SBJ *-3) (VP to (VP lift (NP this burden) (PP-CLR from (NP (NP the American people) , (NP states) and (NP local governments)))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Running (PP-CLR for (NP President)) (PP-TMP in (NP 1980 and 1988)))) , (NP-SBJ-1 George Bush) (ADVP also) (VP (ADVP-MNR persuasively) diagnosed (NP (NP the economic stagnation) (PP of (NP the 1970s)))) .)) (TOP (S (PP In (NP fact)) , (PP during (NP (NP last year 's) campaign)) , (NP-SBJ the entire nation) (ADVP-TMP constantly) (VP heard (S (NP-SBJ Mr. Bush) (VP tout (NP (NP his accomplishments) (PP as (NP (NP head) (PP of (NP (NP the Task Force) (PP on (NP Regulatory Relief)))))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ-1 Government) (VP continues (S (NP-SBJ *-1) (VP to (VP inhibit (NP (NP (NP the productivity) (PP of (NP our citizenry))) and (NP (NP the international competitiveness) (PP of (NP American business))))))))) , '' (NP-SBJ the vice president) (VP declared (S *T*-3) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ he) (VP was (NP-PRD (NP head) (PP of (NP the task force))) (ADVP-TMP *T*-2))))) .)) (TOP (S But (PP with (NP (NP the impending passage) (PP of (NP these new programs)))) , (NP-SBJ Mr. Bush) (VP will (ADVP surely) (VP be (VP sending (S (NP-SBJ many people) (VP hurtling (ADVP-DIR back) (PP-DIR into (NP (NP the regulatory thicket) (SBAR (WHNP-1 that) (S (NP-SBJ-2 he) (VP had (VP helped (S (NP-SBJ *-2) (VP cut (NP *T*-1) (ADVP-CLR back)))))))))))))) .)) (TOP (S (PP-TMP By (NP 1986)) , (NP-SBJ (NP the number) (PP of (NP federal regulators))) (VP was (ADVP-PRD down (PP to (NP about 103,000)))) .)) (TOP (S (S (ADVP-TMP Then) (NP-SBJ it) (VP turned (PRT up))) , and (S (PP by (NP one estimate)) (NP-SBJ the number) (VP will (VP be (ADVP-PRD up (PP to (NP (QP about 109,000) regulators))) (PP-TMP by (NP next year))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Holding (NP (NP the dam) (PP on (NP taxes))))) (VP is (NP-PRD (NP the (ADJP most important) task) (PP of (NP the Bush presidency)))) .)) (TOP (S (NP-SBJ We) (VP would (VP have (VP thought (PP-TMP by (NP now)) , (ADVP though) , (SBAR that (S (NP-SBJ there) (VP was (NP-PRD (NP a significant core) (PP of (NP (NP people) (VP involved (NP *) (PP-LOC in (NP government life))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP understood (SBAR that (S (NP-SBJ direct taxation) (VP is n't (NP-PRD (NP the only way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP slow (ADVP-CLR down) (NP an economy) (ADVP-MNR *T*-2))))))))))))))))))))) .)) (TOP (S (NP-SBJ It) (VP is (ADVP merely) (NP-PRD the most obvious)) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD even more ironic)))) (VP is (SBAR-PRD that (S (PP-LOC all over (NP the world)) (NP-SBJ nations) (VP are (VP learning (SBAR that (S (NP-SBJ well-intentioned public programs) (ADVP-TMP often) (VP backfire)))))))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ they) (VP are (VP unloading (NP these burdens))))) , (NP-SBJ the United States) (VP is (ADJP-PRD close (PP to (S-NOM (NP-SBJ *) (VP creating (NP (QP three more) big ones)))))) .)) (TOP (S (NP-SBJ-1 The Bush administration) (VP ought (S (NP-SBJ *-1) (VP to (VP be (VP setting (ADVP-CLR aside) (NP (NP some) (PP of (NP its buckshot))) (PP for (NP the non-duck ducks))))))) .)) (TOP (S (NP-SBJ-1 (NP Confidence) (PP in (NP the pound))) (VP is (ADVP widely) (VP expected (S (NP-SBJ *-1) (VP to (VP take (NP another sharp dive) (SBAR-ADV if (S (NP-SBJ-2 (NP (NP trade figures) (PP for (NP September))) , (ADJP due (PP for (NP release)) (NP-TMP tomorrow)) ,) (VP fail (S (NP-SBJ *-2) (VP to (VP show (NP (NP a substantial improvement) (PP from (NP (NP July and August 's) near-record deficits)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP (NAC Chancellor (PP of (NP the Exchequer))) Nigel Lawson 's) restated commitment) (PP to (NP a firm monetary policy))) (VP has (VP helped (S (NP-SBJ *-1) (VP to (VP prevent (NP (NP a freefall) (PP-LOC in (NP sterling))) (PP-TMP over (NP the past week))))))) .)) (TOP (S But (NP-SBJ analysts) (VP reckon (SBAR 0 (S (NP-SBJ-1 (NP underlying support) (PP for (NP sterling))) (VP has (VP been (VP eroded (NP *-1) (PP by (NP-LGS (NP the chancellor 's) failure (S (NP-SBJ *) (VP to (VP announce (NP any new policy measures) (PP-LOC in (NP his Mansion House speech)) (NP-TMP last Thursday)))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ This) (VP has (VP increased (NP (NP the risk) (PP of (S-NOM (NP-SBJ-1 the government) (VP being (VP forced (S (NP-SBJ-2 *-1) (VP to (VP increase (NP base rates) (PP-DIR to (NP 16 %)) (PP-DIR from (NP their current (ADJP 15 %) level)) (S-PRP (NP-SBJ *-2) (VP to (VP defend (NP the pound))))))))))))))) , (NP-SBJ (NP economists) and (NP foreign exchange market analysts)) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The risks) (PP for (NP sterling)) (PP of (NP a bad trade figure))) (VP are (ADVP very heavily) (PP-LOC-PRD on (NP the down side)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Chris Dillow) , (NP (NP senior U.K. economist) (PP-LOC at (NP Nomura Research Institute)))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ there) (VP is (NP-PRD another bad trade number)))) , (NP-SBJ there) (VP could (VP be (NP-PRD (NP an awful lot) (PP of (NP pressure)))))) , '' (VP noted (S *T*-1)) (NP-SBJ (NP Simon Briscoe) , (NP (NP U.K. economist) (PP for (NP (NP Midland Montagu) , (NP (NP a unit) (PP of (NP Midland Bank PLC))))))) .)) (TOP (S (S (NP-SBJ (NP Forecasts) (PP for (NP the trade figures))) (VP range (ADVP-MNR widely))) , but (S (NP-SBJ few economists) (VP expect (S (NP-SBJ the data) (VP to (VP show (NP (NP a (ADJP very marked) improvement) (PP from (NP (NP the (ADJP (ADJP (QP # 2 billion) *U*) (PRN -LRB- (ADJP (QP $ 3.2 billion) *U*) -RRB-)) deficit) (PP-LOC in (NP the current account)) (VP reported (NP *) (PP for (NP August))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The August deficit) and (NP (NP the (ADJP (QP # 2.2 billion) *U*) gap) (VP registered (NP *) (PP-TMP in (NP July))))) (VP are (VP topped (NP *-1) (PP (ADVP only) by (NP (NP the (ADJP (QP # 2.3 billion) *U*) deficit) (PP of (NP October 1988)))))) .)) (TOP (S (NP-SBJ (NP Sanjay Joshi) , (NP (NP European economist) (PP-LOC at (NP Baring Brothers & Co.))) ,) (VP said (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD no sign (SBAR that (S (NP-SBJ-1 (NP Britain 's) manufacturing industry) (VP is (VP transforming (NP itself) (S-PRP (NP-SBJ *-1) (VP to (VP boost (NP exports))))))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ he) (VP remains (ADJP-PRD fairly pessimistic (PP about (NP (NP the outlook) (PP for (NP imports))))) , (PP given (NP continued high consumer and capital goods inflows))) .)) (TOP (S (NP-SBJ He) (VP reckons (SBAR 0 (S (NP-SBJ the current account deficit) (VP will (VP narrow (PP-DIR to (NP (QP only # 1.8 billion) *U*)) (PP-TMP in (NP September))))))) .)) (TOP (S (ADVP However) , (NP-SBJ Mr. Dillow) (VP said (SBAR 0 (S (NP-SBJ he) (VP believes (SBAR that (S (NP-SBJ (NP a reduction) (PP-TMP in (NP raw material stockbuilding)) (PP by (NP industry))) (VP could (VP lead (PP-DIR to (NP (NP a sharp drop) (PP-LOC in (NP imports)))))))))))) .)) (TOP (S (PP Combined (PP with (NP (NP (ADVP at least) some rebound) (PP-LOC in (NP exports)) (PP-TMP after (NP (NP August 's) unexpected decline))))) , (NP-SBJ the deficit) (VP could (VP narrow (PP-DIR to (NP (QP as little as # 1.3 billion) *U*)))) .)) (TOP (S (NP-SBJ (NP Mr. Briscoe) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP also) (VP forecasts (NP a (ADJP (QP # 1.3 billion) *U*) current account gap)))) ,) (VP warns (SBAR that (S (SBAR-ADV even if (S (NP-SBJ the trade figures) (VP are (ADJP-PRD bullish) (PP for (NP sterling))))) , (NP-SBJ the currency) (VP wo n't (VP advance (NP-EXT much) (SBAR-PRP because (S (NP-SBJ-2 investors) (VP will (VP want (S (NP-SBJ-3 *-2) (VP to (VP see (NP (NP further evidence) (PP of (NP the turnaround))) (PP-TMP before (S-NOM (NP-SBJ *-3) (VP adjusting (NP positions)))))))))))))))) .)) (TOP (S-1 (ADVP Nevertheless) (PRN , (S (NP-SBJ he) (VP noted (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ-2 No one) (VP will (VP want (S (NP-SBJ *-2) (VP to (VP go (PP-DIR into (NP the trade figures)) (PP without (NP (NP a flat position) '' (PP-LOC in (NP the pound))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP overall evidence) (PP on (NP the economy))) (VP remains (ADJP-PRD fairly clouded)) .)) (TOP (S (PP-LOC In (NP his Mansion House speech)) , (NP-SBJ Mr. Lawson) (VP warned (SBAR that (S (NP-SBJ-1 a further slowdown) (VP can (VP be (VP expected (NP *-1) (SBAR-TMP as (S (NP-SBJ (NP the impact) (PP of (NP (NP the last rise) (PP-TMP in (NP interest rates)) (NP-TMP earlier this month)))) (VP takes (NP effect)))))))))) .)) (TOP (S (NP-SBJ U.K. base rates) (VP are (PP-LOC-PRD at (NP (NP their highest level) (PP-TMP in (NP eight years))))) .)) (TOP (S But (NP-SBJ (NP consumer expenditure data) (VP released (NP *) (NP-TMP Friday))) (VP do n't (VP suggest (SBAR that (S (NP-SBJ the U.K. economy) (VP is (VP slowing (ADVP-MNR that quickly))))))) .)) (TOP (S (NP-SBJ The figures) (VP show (SBAR that (S (NP-SBJ spending) (VP (VP rose (NP-EXT 0.1 %) (PP-TMP in (NP the third quarter)) (PP-DIR from (NP the second quarter))) and (VP was (ADVP-PRD up (NP 3.8 %)) (PP-DIR from (ADVP (NP a year) ago))))))) .)) (TOP (S (NP-SBJ This) (VP compares (PP-CLR with (NP (NP (NP a (ADJP 1.6 %) rise) (PP-TMP in (NP the second)) (PP from (NP the first quarter))) and (NP (NP a (ADJP 5.4 %) increase) (PP from (NP (NP the second quarter) (PP of (NP 1988)))))))) .)) (TOP (S (NP-SBJ Mr. Dillow) (VP said (SBAR 0 (S (NP-SBJ the data) (VP show (SBAR 0 (S (NP-SBJ the economy) `` (VP is (ADVP-TMP still) (ADJP-PRD quite strong)))))) , '' but (S (NP-SBJ suggestions (SBAR that (S (NP-SBJ (NP much) (PP of (NP the spending))) (VP went (PP-CLR on (NP (NP services) (PP rather than (NP consumer goods)))))))) (VP should (VP reduce (NP (NP fears) (PP of (NP more import rises)))))))) .)) (TOP (S (ADVP Certainly) , (NP-SBJ the chancellor) (VP has (VP made (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD clear) (SBAR-1 that (S (NP-SBJ-2 he) (VP is (VP prepared (S (NP-SBJ-3 *-2) (VP to (VP increase (NP interest rates) (ADVP-TMP again) (SBAR-ADV if (FRAG (ADJP-PRD necessary))) (S-PRP (NP-SBJ *-3) (VP to (VP both ensure (SBAR (SBAR that (S (NP-SBJ a substantial slowdown) (VP does (VP take (NP place))))) and (SBAR that (S (NP-SBJ sterling) (VP does n't (VP decline (ADVP-CLR further))))))))))))))))))) .)) (TOP (S (NP-TMP Thursday) , (NP-SBJ he) (VP reminded (NP his audience) (SBAR that (S (NP-SBJ the government) `` (VP can not (VP allow (S (NP-SBJ-1 (NP the necessary rigor) (PP of (NP monetary policy))) (VP to (VP be (VP undermined (NP *-1) (PP by (NP-LGS exchange rate weakness))))))))))) . '')) (TOP (S (NP-SBJ Analysts) (VP agree (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP little) (VP holding (S (NP-SBJ sterling) (ADJP-PRD firm))) (ADJP *ICH*-2)) (PP-TMP at (NP the moment)) (ADJP-2 other (PP than (NP (NP Mr. Lawson 's) promise (SBAR that (S (NP-SBJ-1 rates) (VP will (VP be (VP pushed (S (NP-SBJ *-1) (ADJP-PRD higher)) (SBAR-ADV if (FRAG (ADJP-PRD necessary))))))))))))))) .)) (TOP (S-1 And (PRN , (S (NP-SBJ they) (VP warn (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP any further drop) (PP-LOC in (NP (NP the government 's) popularity))) (VP could (ADVP-MNR swiftly) (VP make (S (NP-SBJ this promise) (VP sound (ADJP-PRD hollow))))) .)) (TOP (S (NP-SBJ Sterling) (VP was (ADVP-TMP already) (VP showing (NP (NP some signs) (PP of (NP (NP a lack) (PP of (NP (NP confidence) (PP in (NP (NP Mr. Lawson 's) promise))))))) (NP-TMP Friday))) .)) (TOP (S (PP-LOC In (NP European trading)) (NP-SBJ it) (VP declined (PP-DIR to (NP (NP $ 1.5890 *U*) and (NP 2.9495 marks))) (PP-DIR from (NP (NP $ 1.5940 *U*) and (NP 2.9429 marks))) (NP-TMP late Thursday)) .)) (TOP (S (NP-SBJ Economists) (VP suggested (SBAR that (S (SBAR-ADV if (S (NP-SBJ the pound) (VP falls (PP-CLR (NP much) below (NP 2.90 marks))))) , (NP-SBJ-1 the government) (VP will (VP be (VP forced (S (NP-SBJ-3 *-1) (VP to (VP increase (NP rates) (PP-DIR to (NP 16 %)) , (S-PRP (NP-SBJ *-3) (VP both to (VP (VP halt (NP any further decline)) and (VP ensure (SBAR that (S (NP-SBJ (NP the balance) (PP of (NP monetary policy))) (VP remains (ADJP-PRD unchanged))))))))))))))))) .)) (TOP (NP-HLN (NP Friday 's) Market Activity)) (TOP (S (NP-SBJ The dollar) (VP posted (NP gains) (PP-LOC in (NP quiet trading)) (SBAR-ADV as (S (NP-SBJ (NP concerns) (PP about (NP equities))) (VP abated)))) .)) (TOP (S (NP-SBJ Foreign exchange dealers) (VP said (SBAR that (S (NP-SBJ-2 the currency market) (VP has (VP begun (S (NP-SBJ *-2) (VP to (VP distance (NP itself) (PP-CLR from (NP (NP the volatile stock exchange) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP preoccupied (NP the market) (PP-TMP since (NP (NP Oct. 13) , (SBAR (WHADVP-3 when) (S (NP-SBJ the Dow Jones Industrial Average) (VP plunged (NP-EXT (QP more than 190) points) (ADVP-TMP *T*-3)))))))))))))))))))) .)) (TOP (S (NP-SBJ Currency analysts) (VP predict (SBAR that (S (PP-TMP in (NP the coming week)) (NP-SBJ-1 the foreign exchange market) (VP will (VP shift (NP its focus) (ADVP-DIR back (PP to (NP economic fundamentals))) , (S-ADV (NP-SBJ *-1) (VP keeping (NP-CLR (NP a close eye) (ADVP out)) (PP-CLR for (NP (NP any signs) (PP of (NP (NP monetary easing) (PP by (NP U.S. Federal Reserve))))))))))))) .)) (TOP (S (ADVP-TMP Late (PP in (NP the New York trading day))) , (NP-SBJ-1 the dollar) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP 1.8578 marks) , (ADVP up (PP from (NP (NP 1.8470 marks) (NP-TMP late Thursday) (PP-LOC in (NP New York))))))))) .)) (TOP (S (NP-SBJ The U.S. currency) (VP was (ADVP also) (VP changing (NP hands) (PP at (NP (NP 142.43 yen) , (ADVP up (PP from (NP (NP 141.70 yen) (PP-LOC in (NP New York)) (NP-TMP late Thursday)))))))) .)) (TOP (S (PP-LOC In (NP Tokyo)) (PP-TMP on (NP Monday)) , (NP-SBJ the U.S. currency) (VP opened (PP-PRP for (NP trading)) (PP at (NP (NP 141.95 yen) , (ADVP up (PP from (NP (NP (NP Friday 's) Tokyo close) (PP of (NP 141.35 yen)))))))) .)) (TOP (S (PP-LOC On (NP the Commodity Exchange)) (PP-LOC in (NP New York)) , (NP-SBJ (NP gold) (PP for (NP current delivery))) (VP settled (PP-CLR at (NP (NP $ 367.30 *U*) (NP-ADV an ounce))) , (ADVP-CLR up (NP 20 cents))) .)) (TOP (S (NP-SBJ Estimated volume) (VP was (NP-PRD a light (QP 2.4 million) ounces)) .)) (TOP (S (PP-LOC In (NP early trading)) (PP-LOC in (NP Hong Kong)) (NP-TMP Monday) , (NP-SBJ-1 gold) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP $ 366.50 *U*) (NP-ADV an ounce))))) .)) (TOP (S (NP-SBJ East Rock Partners Limited Partnership) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP proposed (S (NP-SBJ *-1) (VP to (VP acquire (NP A.P. Green Industries Inc.) (PP-CLR for (NP (NP $ 40 *U*) (NP-ADV a share)))))))))) .)) (TOP (S (PP-LOC In (NP (NP an Oct. 19 letter) (PP to (NP (NP A.P. Green 's) board)))) , (NP-SBJ East Rock) (VP said (SBAR 0 (S (NP-SBJ the offer) (VP is (ADJP-PRD subject (PP to (NP (NP the signing) (PP of (NP a merger agreement)) (PP-TMP by (ADVP (ADVP no later) (PP than (NP Oct. 31))))))))))) .)) (TOP (S (NP-SBJ-1 The letter) , (S-ADV (NP-SBJ-2 *-1) (VP attached (NP *-2) (PP-CLR to (NP (NP a filing) (PP with (NP the Securities and Exchange Commission)))))) , (VP said (SBAR 0 (S (NP-SBJ the approval) (VP is (ADVP also) (ADJP-PRD contingent (PP upon (S-NOM (NP-SBJ *) (VP obtaining (NP satisfactory financing))))))))) .)) (TOP (S (NP-SBJ-1 An A.P. Green official) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the filing)))))) .)) (TOP (S (NP-SBJ The (ADJP $ 40-a-share *U*) proposal) (VP values (NP the company) (PP-CLR at (NP (QP about $ 106.6 million) *U*))) .)) (TOP (S (NP-SBJ A.P. Green) (ADVP-TMP currently) (VP has (NP (NP 2,664,098 shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ Its stock) (VP closed (PP-CLR at (NP $ 38 *U*)) , (ADVP-CLR up (NP $ 1.875 *U*)) , (PP-LOC in (NP national over-the-counter trading))) .)) (TOP (S (NP-SBJ The company) (VP is (NP-PRD (NP a (NAC-LOC Mexico , Mo. ,) maker) (PP of (NP refractory products)))) .)) (TOP (S (NP-SBJ East Rock) (ADVP also) (VP said (PP-LOC in (NP the filing)) (SBAR that (S (NP-SBJ it) (VP boosted (NP (NP its stake) (PP-LOC in (NP A.P. Green))) (PP-CLR to (NP 8.7 %)))))) .)) (TOP (S (NP-SBJ It) (ADVP-TMP now) (VP holds (NP (NP 233,000 A.P. Green common shares) , (PP including (NP (NP 30,000 shares) (VP bought (NP-TMP last Thursday) (PP-CLR for (NP (NP (QP $ 35.50 to $ 36.50) *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ (ADJP New York-based) (NX (NX John Kuhns) and (NX Robert MacDonald))) (VP control (NP (NP East Rock Partners Inc.) , (NP (NP the sole general partner) (PP of (NP East Rock Partners L.P))))) .)) (TOP (S (NP-SBJ (NP The sole limited partner) (PP of (NP the partnership))) (VP is (NP-PRD (NP Westwood Brick Lime Inc.) , (NP (NP an indirect subsidiary) (PP of (NP Westwood Group Inc))))) .)) (TOP (S (NP-SBJ-1 Both (NP Westwood Brick) and (NP Westwood Group)) (VP are (VP based (NP *-1) (PP-LOC-CLR in (NP Boston)))) .)) (TOP (S (NP-SBJ-1 Freight rates) , (S-ADV (NP-SBJ *-1) (VP declining (PP-TMP for (NP (NP most) (PP of (NP the decade)))) (PP-PRP because of (NP (NP competition) (VP spurred (NP *) (PP by (NP-LGS deregulation))))))) , (VP are (VP (VP bottoming (ADVP-CLR out)) , (VP turning (ADVP-DIR-CLR upward)) and (VP threatening (S (NP-SBJ *-1) (VP to (VP fuel (NP inflation))))))) .)) (TOP (S (NP-SBJ Trucking , shipping and air-freight companies) (VP have (VP announced (NP (NP rate increases) , (VP scheduled (NP *) (PP-CLR for (NP (NP this fall) or (NP early next year)))) , (VP reflecting (NP (NP higher costs) and (NP (NP tightened demand) (PP for (NP freight transport)))))))) .)) (TOP (S (NP-SBJ Major shippers) (VP say (SBAR 0 (S (NP-SBJ they) (VP expect (S (NP-SBJ freight rates) (VP to (VP rise (ADVP (ADVP (ADVP (ADVP at least) as fast) (PP as (NP inflation))) and maybe (ADVP faster)) (PP-TMP in (NP the next few years))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP a big change) (PP from (NP (NP recent years) (SBAR (WHADVP when) (S (NP-SBJ-1 freight haulage) (VP was (NP-PRD (NP a bright spot) (PP for (NP U.S. productivity))) , (S-ADV (NP-SBJ-2 *-1) (VP helping (S (NP-SBJ *-2) (VP to (VP (VP restrain (NP inflation)) and (VP make (S (NP-SBJ U.S. industry) (ADJP-PRD more competitive) (ADVP-LOC abroad))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ Demand) (VP has (VP caught (PRT up) (PP-CLR with (NP (NP the supply) (PP of (NP (NP certain types) (PP of (NP freight transportation))))))))) , and (S (NP-SBJ-2 rates) (VP are (VP starting (S (NP-SBJ *-2) (VP to (VP move (ADVP-DIR up) '' (PP at (NP (NP a rate) `` (ADJP (ADJP close (PP to (NP *RNR*-5))) or (ADJP slightly more (PP than (NP *RNR*-5))) (NP-5 the inflation rate))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Clifford Sayre) , (NP (NP director) (PP of (NP logistics)) (PP-LOC at (NP Du Pont Co)))) .)) (TOP (S (NP-SBJ (NP Shippers) (VP surveyed (NP *) (ADVP-TMP recently) (PP by (NP-LGS Ohio State University)))) (VP said (SBAR 0 (S (NP-SBJ they) (VP expect (S (NP-SBJ their freight-transport , storage and distribution costs) (VP to (VP rise (NP-EXT (QP about 4) %) (NP-TMP this year)))))))) .)) (TOP (S (NP-SBJ (NP (QP Only 10) %) (PP of (NP (NP the 250 shippers) (VP polled (NP *))))) (VP expected (S (NP-SBJ their freight-transport costs) (VP to (VP decrease))) , (PP compared (PP with (NP (NP 30 %) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP had (VP looked (PP-CLR to (NP freight transport)) (S-PRP (NP-SBJ *-2) (VP to (VP reduce (NP costs) (PP-TMP in (NP past years))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD (NP the first year) (PP-TMP since (NP (NP transportation deregulation) (PP-TMP in (NP 1980)))) (SBAR (WHADVP-2 that) (S (NP-SBJ we) (VP have (VP had (NP (NP such a (ADJP dramatic and broad-based) upturn) (PP-LOC in (NP perceived transportation rates))) (ADVP-TMP *T*-2)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Bernard LaLonde) , (NP (NP a transportation logistics professor) (PP-LOC at (NP (NP Ohio State) (PP-LOC in (NP Columbus)))))) .)) (TOP (S (NP-SBJ (NP The deregulation) (PP of (NP railroads and trucking companies)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP began (PP-TMP in (NP 1980)))))) (VP enabled (S (NP-SBJ shippers) (VP to (VP bargain (PP-CLR for (NP transportation)))))) .)) (TOP (S (NP-SBJ Carriers) (VP could (VP use (NP their equipment) (ADVP-MNR more efficiently) , (S-ADV (NP-SBJ *) (VP leading (PP-DIR to (NP (NP overcapacity) (SBAR (WHNP-1 0) (S (NP-SBJ-2 they) (VP were (ADJP-PRD eager (S (NP-SBJ *-2) (VP to (VP fill (NP *T*-1)))))))))))))) .)) (TOP (S (NP-SBJ Shippers) (VP cut (NP about (QP $ 35 billion) *U*) (PP-CLR from (NP their annual , inter-city truck and rail costs)) , (FRAG (PP to (NP (NP (QP about $ 150 billion) *U*) , or (NP (NP (QP about 6.4) %) (PP of (NP gross national product))) , (ADVP down (PP from (NP (NP 8 %) (PP of (NP GNP)) (PP-TMP in (NP 1981))))))))) .)) (TOP (S But (PP with (NP (NP much) (PP of (NP the inefficiency)) (VP squeezed (NP *) (PP-CLR out (PP of (NP the freight-transport system)))))) , (NP-SBJ-2 rising costs) (VP are (ADJP-PRD likely (S (NP-SBJ-1 *-2) (VP to (VP be (VP reflected (NP *-1) (ADVP-MNR directly) (PP-LOC in (NP higher freight rates)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Shippers) (VP are (VP saying ` (S (NP-SBJ the party) (VP 's (ADJP-PRD over)))))) , ' '' (VP said (S *T*-1)) (NP-SBJ Mr. LaLonde) .)) (TOP (S `` (NP-SBJ-1 Shippers) (VP wo n't (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP look (PP-CLR for (NP transportation-cost savings)) (SBAR-MNR as (S (NP-SBJ they) (VP have (VP *?* (PP-TMP for (NP the last (QP eight or nine) years)))))))))))) .)) (TOP (S (NP-SBJ Transport rates) (VP wo n't (VP be (NP-PRD (NP an opportunity) (PP for (S-NOM (NP-SBJ *) (VP offsetting (NP (NP cost increases) (PP-LOC in (NP (NP other segments) (PP of (NP the economy))))))))))) . '')) (TOP (S (NP-SBJ (NP Robert Delaney) , (NP (NP a consultant) (PP-LOC at (NP (NP Arthur D. Little Inc.) , (NP-LOC (NP Cambridge) , (NP Mass.))))) ,) (VP said `` (S (NP-SBJ We) (VP 've (VP gotten (NP (NP all the benefits) (PP of (NP deregulation))) (PP-LOC in (NP freight-cost reductions)))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ-1 we) (VP are (VP starting (S (NP-SBJ *-1) (VP to (VP see (NP real freight-rate increases)))) (SBAR-TMP as (S (NP-SBJ carriers) (VP (VP replace (NP equipment)) , (VP pay (NP higher fuel costs)) and (VP pay (NP more) (PP-CLR for (NP labor)))))))) .)) (TOP (S (NP-SBJ You) (VP 'll (VP see (S (NP-SBJ-2 carriers) (VP try (S (NP-SBJ *-2) (VP to (VP recoup (NP (NP some) (PP of (NP (NP the price cutting) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP occurred (ADVP-TMP previously)))))))))))))) . '')) (TOP (S (NP-SBJ Not everyone) (VP believes (SBAR that (S (NP-SBJ the good times) (VP are (ADJP-PRD over) (PP for (NP shippers)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP 's (ADVP-TMP still) (NP-PRD (NP a lot) (PP of (NP (NP pressure) (PP on (NP rates))))) (PP-LOC in (NP both rail and truck)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Gerard McCullough) , (NP (NP lecturer) (PP in (NP transportation)) (PP-LOC at (NP (NP Massachusetts Institute) (PP of (NP Technology)))))) .)) (TOP (S (NP-SBJ (NP Less-than-truckload companies) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP carry (NP (NP the freight) (PP of (NP several shippers))) (PP-LOC in (NP each truck trailer))))) ,) (VP discounted (ADVP-CLR away) (NP (NP a (ADJP 4.7 %) rate increase) (VP implemented (NP *) (NP-TMP last April)))) .)) (TOP (S (NP-SBJ The carriers) (VP were (VP competing (ADVP-MNR fiercely) (PP-CLR for (NP market share)))) .)) (TOP (S (NP-SBJ-2 Railroad-rate increases) (VP are (ADJP-PRD likely (S (NP-SBJ-1 *-2) (VP to (VP be (VP restrained (NP *-1) (PP by (NP-LGS (NP weakening rail-traffic levels) and (NP (NP keen competition) (PP for (NP freight)) (PP from (NP trucks))))))))))) .)) (TOP (S (NP-SBJ (NP An official) (PP-LOC at (NP (NP Consolidated Freightways Inc.) , (NP a (NAC-LOC Menlo Park , Calif. ,) less-than-truckload carrier) ,))) (VP said (SBAR 0 (S (NP-SBJ-1 (NP rate discounting) (PP-LOC in (NP that industry))) (VP has (VP begun (S (NP-SBJ *-1) (VP to `` (VP stabilize)))))))) . '')) (TOP (S (S (NP-SBJ-1 Consolidated Freightways) (VP plans (S (NP-SBJ *-1) (VP to (VP raise (NP its rates) (NP-EXT 5.3 %) (NP-TMP (NP late this year) or (NP early next year))))))) , and (S (NP-SBJ (QP at least two) competitors) (VP have (VP announced (NP similar increases)))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ-1 Truckers) (VP are `` (VP trying (S (NP-SBJ *-1) (VP to (VP send (NP signals (SBAR that (S (NP-SBJ-2 they) (VP need (S (NP-SBJ *-2) (VP to (VP (VP stop (NP the bloodletting)) , (VP forget (PP-CLR about (NP market share))) and (VP go (PP-CLR for (NP higher rates)))))))))))))))) , '' (VP said (SBAR 0 (S *T*-3))) (NP-SBJ (NP Michael Lloyd) , (NP (NP an analyst) (PP-LOC at (NP Salomon Bros)))) .)) (TOP (S (S-TPC-1 And `` (NP-SBJ shippers) (VP are (VP getting (NP the feeling (SBAR that (S (NP-SBJ they) (VP have (VP played (NP one trucker) (ADVP-CLR off (PP against (NP another))) (NP (NP as much) (SBAR as (S (NP-SBJ they) (VP can (VP *?*))))))))))))) , '' (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Air-freight carriers) (VP raised (NP (NP their rates) (PP for (NP (NP U.S. products) (VP going (PP-DIR across (NP the Pacific)) (PP-DIR to (NP Asia)))))) (PP-EXT by (NP (QP about 20) %)) (NP-TMP earlier this month)) .)) (TOP (S And (NP-SBJ Japan Air Lines) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP boost (NP its rates) (NP-EXT a further 25 %) (PP-TMP over (NP the next two years))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Such rate increases) `` (VP will (VP (VP increase (NP (NP the total cost) (PP of (NP U.S. products)))) and (VP slow (ADVP-CLR down) (NP (NP the rate) (PP of (NP increase)) (PP of (NP U.S. exports))))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Richard Connors) , (NP (NP a senior vice president) (PP of (NP (NP Yusen Air & Sea Service U.S.A. Inc.) , (NP (NP the U.S. air-freight-forwarding subsidiary) (PP of (NP (NP Nippon Yusen Kaisha) (PP of (NP Japan))))))))) .)) (TOP (S (NP-SBJ-1 (NP Ship companies) (VP carrying (NP (NP bulk commodities) , (PP such as (NP (NP oil) , (NP grain) , (NP coal) and (NP iron ore))))) ,) (VP have (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP increase (NP their rates) (PP-TMP in (NP (NP the last couple) (PP of (NP years)))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Some bulk shipping rates) (VP have (VP increased `` (NP-EXT (QP 3 % to 4 %) *U*) (PP-TMP in (NP the past few months))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Salomon 's) Mr. Lloyd) .)) (TOP (S And (NP-SBJ-1 (NP ship lines) (VP carrying (NP containers))) (VP are (ADVP also) (VP trying (S (NP-SBJ *-1) (VP to (VP raise (NP their rates)))))) .)) (TOP (S (NP-SBJ-2 Carriers) (VP boosted (NP (NP rates) (PP-LOC *ICH*-1)) (NP-EXT (QP more than 10) %) (PP-LOC-1 in (NP (NP the North Atlantic) (PP between (NP (NP the U.S.) and (NP Europe))))) (NP-TMP last September) , (S-ADV (NP-SBJ-3 *-2) (VP hoping (S (NP-SBJ *-3) (VP to (VP (ADVP-EXT partly) restore (NP rates) (PP-CLR to (NP earlier levels)))))))) .)) (TOP (S (NP-SBJ-1 (NP Ship lines) (VP operating (PP-LOC in (NP the Pacific)))) (VP plan (S (NP-SBJ *-1) (VP to (VP raise (NP (NP rates) (PP on (NP (NP containers) (VP carrying (NP U.S. exports) (PP-DIR to (NP Asia)))))) (NP-EXT about 10 %) , (S-ADV (NP-SBJ *) (ADJP-PRD effective (NP-TMP next April))))))) .)) (TOP (S (NP-SBJ MGM Grand Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP filed (NP (NP a registration statement) (PP *ICH*-1)) (PP-CLR with (NP the Securities and Exchange Commission)) (PP-1 for (NP (NP a public offering) (PP of (NP (QP six million) common shares)))))))) .)) (TOP (S (NP-SBJ The (ADJP Beverly Hills , Calif.-based) company) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP have (NP (NP (QP 26.9 million) common shares) (ADJP outstanding)) (PP-TMP after (NP the offering))))))) .)) (TOP (S (NP-SBJ The hotel and Gaming company) (VP said (SBAR 0 (S (NP-SBJ Merrill Lynch Capital Markets) (VP will (VP lead (NP the underwriters)))))) .)) (TOP (S (NP-SBJ-1 (NP Proceeds) (PP from (NP the sale))) (VP will (VP be (VP used (NP *-1) (PP-PRP (PP for (NP remodeling and refurbishing projects)) , as well as (PP for (NP the planned MGM Grand hotel/casino and theme park)))))) .)) (TOP (S (NP-SBJ Bob Stone) (VP stewed (PP-CLR over (NP (NP a letter) (PP from (NP his manager)) (VP putting (S (NP-SBJ him) (PP-PRD on (NP probation))) (PP-PRP for (NP insubordination)))))) .)) (TOP (S (S (NP-SBJ Mr. Stone) (VP thought (SBAR 0 (S (NP-SBJ the discipline) (VP was (ADJP-PRD unfair)))))) ; (S (NP-SBJ he) (VP believed (SBAR that (S (NP-SBJ-1 his manager) (VP wanted (S (NP-SBJ *-1) (VP to (VP get (ADJP-PRD rid (PP of (NP him)))))) (PP-PRP for (NP personal reasons))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (ADJP-PRD Unable (S (NP-SBJ *-2) (VP to (VP persuade (NP-3 the manager) (S (NP-SBJ *-3) (VP to (VP change (NP his decision))))))))) , (NP-SBJ-1 he) (VP went (PP-DIR to (NP a `` company court '')) (PP-PRP for (NP a hearing))) .)) (TOP (S (PP-TMP At (NP the scheduled time)) , (NP-SBJ Mr. Stone) (VP entered (NP (NP a conference room) (PP-LOC in (NP (NP a building) (PP-LOC near (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ he) (VP worked (ADVP-LOC *T*-1))))))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ (NP the three members) (PP of (NP the court))) (VP introduced (NP themselves))) ,) (NP-SBJ (NP the chairman) (PP of (NP the panel))) (VP said : `` (S (NP-SBJ *) (VP (VP Go (ADVP-CLR ahead)) and (VP tell (NP us) (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happened))))))) .)) (TOP (S (S (NP-SBJ We) (VP may (VP ask (NP questions) (SBAR-TMP as (S (NP-SBJ you) (VP go (ADVP-CLR along))))))) , or (S (NP-SBJ we) (VP may (VP wait (PP-TMP until (NP the end))))) . '')) (TOP (S (NP-SBJ No (NX (NX lawyers) or (NX tape recorders))) (VP were (ADJP-PRD present)) .)) (TOP (S (NP-SBJ The only extra people) (VP were (NP-PRD (NP a couple) (PP of (NP personnel specialists)) , (SBAR (WHNP-1 one (WHPP of (WHNP whom))) (S (NP-SBJ-2 *T*-1) (VP (VP knew (NP (NP Mr. Stone 's) case) (ADVP-MNR intimately)) and (VP would (VP help (S (NP-SBJ *-2) (VP fill (PRT in) (NP (NP any facts) (VP needed (S-CLR (NP-SBJ *) (VP to (VP give (NP the court) (NP the full picture))))))))))))))) .)) (TOP (S (PP Over (NP (NP a cup) (PP of (NP coffee)))) , (NP-SBJ Mr. Stone) (VP told (NP his story)) .)) (TOP (S (NP-SBJ He) (VP talked (NP-TMP (QP about 20) minutes)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ he) (VP was (ADJP-PRD through) (ADVP-TMP *T*-1)))) , (S (NP-SBJ the court members) (VP asked (NP many questions))) , (ADVP-TMP then) (S (NP-SBJ the chairman) (VP said (SBAR 0 (S (NP-SBJ-2 they) (VP would (VP like (S (NP-SBJ *-2) (VP to (VP (VP hear (NP (NP his manager 's) side)) and (VP talk (PP-CLR to (NP witnesses)))))))))))) .)) (TOP (S (NP-SBJ The chairman) (VP promised (NP Mr. Stone) (NP (NP a decision) (PP-TMP within (NP two weeks)))) .)) (TOP (S (NP-SBJ Bob Stone) (VP is (NP-PRD a fictional name)) , but (S (NP-SBJ (NP the incident) (VP described (NP *))) (VP is (ADJP-PRD real))) .)) (TOP (S (NP-SBJ It) (VP happened (PP-LOC at (NP (NP Northrop Corp.) (PP-LOC in (NP Los Angeles))))) .)) (TOP (S (S (NP-SBJ-1 The court) (VP is (VP called (S (NP-SBJ *-1) (NP-PRD (NP the Management Appeals Committee) , or (NP just `` (NX-TTL MAC))))))) , '' and (S (NP-SBJ-2 it) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP hear (NP (NP (QP a couple of dozen) cases) (NP-ADV a year)))))))) .)) (TOP (S (S (NP-SBJ *) (VP Alter (NP (NP some details) (PP of (NP this example))))) and (S (NP-SBJ it) (VP could (VP be (VP taking (NP place) (ADVP-TMP today) (PP-LOC at (NP (NP (NP Federal Express) (PP-LOC in (NP Memphis))) , (NP (NP the Defense and Underseas Systems divisions) (PP of (NP Honeywell)) (PP-LOC in (NP Minneapolis))) , (NP (NP a General Electric plant) (PP-LOC in (NP (NP Columbia) , (NP Md.)))) , or (NP (NP a number) (PP of (NP other companies))))))))) .)) (TOP (S (NP-SBJ These firms) (VP are (NP-PRD (NP pioneers) (PP-LOC in (NP (NP (NP a significant new trend) (PP-LOC in (NP the corporate world))) : (NP (NP the rise) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ I) (VP call (S (NP-SBJ *T*-1) (NP-PRD corporate due process))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 corporate due process) (VP is (VP practiced (NP *-1) (NP-TMP today) (PP-LOC in (NP (NP few companies) (PRN -- (ADVP perhaps) (NP (QP 40 to 60)) --))))))) (NP-SBJ it) (VP is (NP-PRD (NP one) (PP of (NP (NP the fastest developing trends) (PP-LOC in (NP industry)))))) .)) (TOP (S (PP-TMP In (NP the coming decade)) (NP-SBJ-1 (NP a majority) (PP of (NP people-oriented companies))) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP adopt (NP it)))))) .)) (TOP (S (NP-SBJ Corporate due process) (VP appeals (PP-CLR to (NP management)) (PP-PRP for (NP (NP a variety) (PP of (NP reasons))))) .)) (TOP (S (NP-SBJ It) (VP reduces (NP (NP lawsuits) (PP from (NP disgruntled employees and ex-employees))) , (PP with (NP (NP all) (SBAR (WHNP-1 0) (S (NP-SBJ that) (VP means (NP *T*-1) (PP for (NP (NP reduced legal costs) and (NP better public relations))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP helps (S (NP-SBJ *-1) (VP to (VP keep (ADVP-CLR out) (NP unions))))) .)) (TOP (S (NP-SBJ It) (VP increases (NP (NP employee commitment) (PP to (NP the company))) , (PP with (NP (NP all) (SBAR (WHNP-1 0) (S (NP-SBJ that) (VP means (NP *T*-1) (PP for (NP (NP efficiency) and (NP quality control))))))))) .)) (TOP (SBARQ (WHNP-1 What) (SQ must (NP-SBJ-2 your management team) (VP do (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP establish (NP corporate due process)))))) ?)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ four key steps) :)) (TOP (S (LST 1 .) (NP-SBJ *) (VP Make (ADJP sure (SBAR 0 (S (NP-SBJ you) (VP have (NP a strong personnel department)))))) .)) (TOP (S (S (NP-SBJ-3 It) (VP must (VP be (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP handle (NP (NP most) (PP of (NP (NP the complaints) (SBAR (WHNP-4 that) (S (NP-SBJ-1 *T*-4) (VP can not (VP be (VP solved (NP *-1) (PP-LOC in (NP the trenches)) (PP by (NP-LGS (NP managers) and (NP their subordinates)))))))))))))))))) , (ADVP else) (S (NP-SBJ-2 the company court or adjudicators) (VP will) (VP be (VP inundated (NP *-2) (PP with (NP cases))))) .)) (TOP (S (PP-LOC At (NP Polaroid)) , (S (NP-SBJ the Personnel Policy Planning Committee) (VP may (VP hear (NP (NP (QP only about 20) cases) (NP-ADV a year))))) ; (S (NP-SBJ-1 (NP the rest) (PP of (NP (NP the many hundreds) (PP of (NP complaints))))) (VP are (VP resolved (NP *-1) (PP-TMP at (NP earlier stages))))) .)) (TOP (S (PP-LOC At (NP TWA)) , (NP-SBJ (NP the System Board) (PP of (NP Adjustment))) (VP hears (NP (NP (NP (QP 50 to 75) cases) (NP-ADV a year)) , (NP (NP only a fraction) (PP of (NP (NP the complaints) (VP brought (NP *) (PP-DIR to (NP personnel specialists)))))))) .)) (TOP (S (PP-LOC At (NP Citicorp)) , (NP-SBJ the Problem Review Board) (VP may (VP hear (NP (QP only 12 or so) cases) (PP-PRP because of (NP (NP (NP personnel 's) skill) (PP in (NP complaint-resolution)))))) .)) (TOP (S (PP-TMP In (NP a typical year)) , (NP-SBJ (NP (QP up to 20) %) (PP of (NP the work force))) (VP goes (PP-DIR to (NP personnel specialists)) (PP with (NP (NP complaints) (PP of (NP unfair treatment))))) .)) (TOP (S (PP-LOC In (NP a large company)) (NP-SBJ that) (VP means (NP (NP many hundreds) (PP of (NP (NP complaints) (PP for (NP (NP personnel) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP handle (NP *?*))))))))))) .)) (TOP (S (LST 2 .) (ADVP Formally or informally) , (NP-SBJ *) (VP train (NP all your managers and supervisors) (PP in (NP (NP the company 's) due-process approach))) .)) (TOP (S (S (NP-SBJ *) (VP See (SBAR that (S (NP-SBJ they) (VP know (NP company personnel policy) (ADVP-MNR backwards and forwards)))))) , for (S (NP-SBJ it) (VP is (NP-PRD (NP the `` law '') (VP governing (NP company courts and adjudicators))))) .)) (TOP (S (NP-SBJ *) (VP Coach (NP them) (PP in (S-NOM (NP-SBJ *) (VP handling (NP complaints)))) (SBAR-PRP so that (S (NP-SBJ they) (VP can (VP resolve (NP problems) (ADVP-TMP immediately)))))) .)) (TOP (S (SBAR-TMP In case (S (S (NP-SBJ (NP managers) and (NP personnel specialists)) (VP are (ADJP-PRD unsuccessful))) and (S (NP-SBJ subordinates) (VP take (NP their complaints) (PP-DIR to (NP a company court or adjudicator)))))) , (S (NP-SBJ *) (VP teach (NP-1 managers) (S (NP-SBJ *-1) (VP to (VP accept (NP reversals) (PP-CLR as (NP (NP a fact) (PP of (NP business life))))))))) , for (S (PP-LOC in (NP a good due-process system)) (NP-SBJ-2 they) (VP are (VP bound (S (NP-SBJ *-2) (VP to (VP happen)))))) .)) (TOP (S (PP-LOC In (NP (NP the 15 companies) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP studied (NP *T*-1)))))) , (NP-SBJ reversal rates) (VP range (PP on (NP the average)) (PP-DIR (PP from (NP 20 %)) (PP to (NP 40 %)))) .)) (TOP (S (LST 3 .) (NP-SBJ *) (VP Decide (SBAR whether (S (NP-SBJ you) (VP want (NP (NP a panel system) or (NP a single adjudicator)))))) .)) (TOP (S (NP-SBJ (NP A panel system) (PP like (NP (NP that) (PP-LOC in (NP the Bob Stone example))))) (VP enjoys (NP (NP such advantages) (PP as (NP (NP high credibility) and , (PP for (NP the panelists)) , (NP mutual support))))) .)) (TOP (S (NP-SBJ (NP An adjudicator system) (PRN -- (INTJ that is) , (NP (NP an investigator) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP acts (ADVP first) (PP-CLR as (NP a fact-finder))) and then (VP (VP switches (NP hats)) and (VP arbitrates (NP the facts))))))) --)) (VP has (NP (NP such advantages) (PP as (NP (NP speed) , (NP flexibility) and (NP maximum privacy))))) .)) (TOP (S (NP-SBJ (NP International Business Machines) and (NP (NP Bank) (PP of (NP America)))) (VP are (PP-LOC-PRD among (NP (NP the companies) (VP using (NP the single-adjudicator approach))))) .)) (TOP (S (LST 4 .) (NP-SBJ *) (VP Make (S (NP-SBJ your due-process system) (ADJP-PRD visible))) .)) (TOP (S (NP-SBJ It) (VP wo n't (VP do (NP any good) (PP-PRP for (NP anybody)) (SBAR-ADV unless (S (NP-SBJ employees) (VP know (PP-CLR about (NP it))))))) .)) (TOP (S (NP-SBJ-1 Most managements) (VP hesitate (S (NP-SBJ-2 *-1) (VP to (VP go (ADVP-CLR all out) (PP in (S-NOM (NP-SBJ *-2) (VP advertising (NP their due-process systems))))))) (PP-PRP for (NP (NP fear) (PP of (S-NOM (NP-SBJ *) (VP encouraging (S (NP-SBJ (NP cranks) and (NP chronic soreheads)) (VP to (VP file (NP complaints)))))))))) .)) (TOP (S (PP On (NP the other hand)) , (NP-SBJ they) (VP make (ADJP-CLR sure) (PP at (NP a minimum)) (SBAR-CLR that (S (NP-SBJ-1 their systems) (VP are (VP (VP described (NP *-1) (PP-LOC in (NP their employee handbooks))) and (VP talked (NP *-1) (PRT up) (PP by (NP-LGS personnel specialists)))))))) .)) (TOP (S (NP-SBJ Smith-Kline Beecham) (VP (VP goes (ADVP-CLR further)) and (VP (ADVP-TMP sometimes) features (NP its grievance procedure) (PP-LOC in (NP closed-circuit TV programs)))) .)) (TOP (S (ADVP Naturally) , (NP-SBJ (NP one) (PP of (NP (NP the best ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP guarantee (NP visibility) (PP for (NP your due-process system)) (ADVP-MNR *T*-1)))))))) (VP is (SBAR-PRD for (S (NP-SBJ top management) (VP to (VP support (NP it)))))) .)) (TOP (S (PP-LOC At (NP IBM)) , (NP-SBJ (NP the company 's) Open Door system) (VP is (ADVP-TMP sometimes) (NP-PRD (NP the subject) (PP of (NP (NP memorandums) (PP from (NP the chief executive)))))) .)) (TOP (S (NP-SBJ Federal Express) (VP goes (ADVP (ADVP further) (PP *ICH*-1)) (PP-LOC in (NP this respect)) (PP-1 than (NP (NP any company) (SBAR (WHNP-2 0) (S (NP-SBJ I) (VP know (PP-CLR of (NP *T*-2))))))) (PP with (S-NOM (NP-SBJ-3 (NP both (NP Frederick Smith) and (NP James Barksdale)) , (NP (NP (NP chief executive) and (NP chief operating officer)) , (ADVP respectively))) , (VP sitting (ADVP-CLR in) (PP-LOC-CLR on (NP the Appeals Board)) (NP-TMP (ADJP almost every) Tuesday) (S-PRP (NP-SBJ *-3) (VP to (VP decide (NP cases)))))))) .)) (TOP (S (NP-SBJ Mr. Ewing) (VP is (NP-PRD (NP (NP a consultant) (VP based (NP *) (PP-LOC-CLR in (NP (NP Winchester) , (NP Mass.))))) , and (NP (NP author) (PP of (NP `` (NP-TTL (NP (NP Justice) (PP-LOC on (NP the Job))) : (S-NOM (NP-SBJ *) (VP Resolving (NP Grievances) (PP-LOC in (NP the Nonunion Workplace))))) '' (PRN -LRB- (NP Harvard Business School Press) , (NP-TMP 1989) -RRB-)))))) .)) (TOP (S (NP-SBJ Tokyo stocks) (VP closed (ADVP-CLR higher) (PP-LOC in (NP active trading)) (NP-TMP Friday) , (S-ADV (NP-SBJ *) (VP marking (NP (NP the fourth consecutive daily gain) (PP-TMP since (NP (NP Monday 's) sharp fall)))))) .)) (TOP (S (NP-SBJ London shares) (VP closed (ADVP-CLR moderately lower) (PP-LOC in (NP thin trading))) .)) (TOP (S (PP-LOC At (NP Tokyo)) , (NP-SBJ (NP the Nikkei index) (PP of (NP 225 selected issues))) (VP was (ADVP-PRD up (NP 112.16 points) (PP to (NP 35486.38)))) .)) (TOP (S (NP-SBJ The index) (VP advanced (NP-EXT 266.66 points) (NP-TMP Thursday)) .)) (TOP (S (PP-LOC In (NP early trading)) (PP-LOC in (NP Tokyo)) (NP-TMP Monday) , (NP-SBJ the Nikkei index) (VP rose (NP-EXT 101.98 points) (PP-DIR to (NP 35588.36))) .)) (TOP (S (NP-SBJ-1 (NP (NP Friday 's) volume) (PP-LOC on (NP the First Section))) (VP was (VP estimated (NP *-1) (PP-CLR at (NP (NP (QP one billion) shares) , (ADVP up (PP from (NP 862 million) (NP-TMP Thursday))))))) .)) (TOP (S (NP-SBJ Winners) (VP outpaced (NP losers) , (ADVP 572 to 368) , (SBAR-ADV while (S (NP-SBJ 181 issues) (VP remained (ADJP-PRD unchanged))))) .)) (TOP (S (SBAR-ADV With (S (NP-SBJ investors) (ADJP-PRD relieved (PP-CLR at (NP (NP the overnight gain) (PP-LOC in (NP New York stocks))))))) , (NP-SBJ small-lot buying orders) (VP streamed (PP-DIR into (NP the market)) (PP-TMP from (NP early morning)) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ traders) (VP believe (SBAR 0 (S (NP-SBJ the market) (VP was (ADVP-PRD back (PP to (NP normal))))))))))) .)) (TOP (S (NP-SBJ (NP The Nikkei) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP reached (ADJP (ADJP as high) (PP as (NP 35611.38))) (PP-TMP (ADVP right) after (NP the opening))))) ,) (VP surrendered (NP (NP part) (PP of (NP its early advance))) (PP-TMP toward (NP (NP the end) (PP of (NP the day)))) (PP-PRP because of (NP profit-taking))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ-1 (NP Investors) , especially (NP dealers) ,) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP hold (NP a position) (PP-TMP over (NP the weekend)))))))) , '' (NP-SBJ-2 (NP a trader) (PP-LOC at (NP Dai-ichi Securities))) (VP said (S *T*-3) , (S-ADV (NP-SBJ *-2) (VP adding , (ADVP though) , (SBAR that (S (NP-SBJ the trading mood) (VP remained (ADJP-PRD positive) (PP-TMP through (NP the afternoon session)))))))) .)) (TOP (S (NP-SBJ (NP The Tokyo Stock Price Index) (PRN -LRB- (NP Topix) -RRB-) (PP of (NP (NP all issues) (VP listed (NP *) (PP-LOC in (NP the First Section))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP gained (NP 22.78 points) (NP-TMP Thursday)))) ,) (VP was (ADVP-PRD up (NP (NP 14.06 points) , or (NP 0.53 %) ,)) (PP-CLR at (NP 2679.72))) .)) (TOP (S (NP-SBJ-2 (NP The Second Section index) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP rose (NP-EXT 15.72 points) (NP-TMP Thursday)))) ,) (VP was (ADVP-PRD up (NP (NP 11.88 points) , or (NP 0.32 %) ,)) (S-PRP (NP-SBJ *-2) (VP to (VP close (PP-CLR at (NP 3717.46)))))) .)) (TOP (S (NP-SBJ-1 (NP Volume) (PP-LOC in (NP the second section))) (VP was (VP estimated (NP *-1) (PP-CLR at (NP (NP (QP 30 million) shares) , (ADVP up (PP from (NP 28 million) (NP-TMP Thursday))))))) .)) (TOP (S (PP-LOC In (NP (NP turmoil) (VP caused (NP *) (PP by (NP-LGS (NP the (NP previous Friday 's) plunge) (PP-LOC in (NP New York stocks))))))) , (NP-SBJ the Nikkei) (VP marked (NP a sharp 647.33-point fall) (NP-TMP Monday)) .)) (TOP (S But (NP-SBJ the Nikkei) (VP fell (X (NP (NP an overall 1.8 %) (PP in (NP value)))) (NP-TMP that day) (PP compared (PP with (NP (NP (NP Wall Street 's) (ADJP far sharper) (ADJP 6.9 %) drop) (PP-TMP on (NP Oct. 13)))))) .)) (TOP (S (NP-SBJ (NP The Tokyo market 's) resiliency) (VP helped (S (NP-SBJ participants) (VP to (VP regain (NP confidence) (ADVP-MNR gradually) (SBAR-TMP as (S (NP-SBJ-2 they) (VP (VP spent (NP more time) (PP-CLR on (S-NOM (NP-SBJ *-2) (VP analyzing (NP (NP factors) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP caused (NP the Friday plunge))))))))) and (VP realized (SBAR 0 (S (NP-SBJ these problems) (VP were (ADJP-PRD (ADJP unique (PP to (NP New York stocks))) and not (ADJP directly related (PP to (NP Tokyo))))))))))))))) .)) (TOP (S (NP-SBJ-1 The Nikkei) (VP continued (S (NP-SBJ *-1) (VP to (VP gain))) (PP-TMP for (NP (NP the rest) (PP of (NP the week)))) , (S-ADV (NP-SBJ *-1) (VP (VP adding (NP 1017.69 points) (PP-TMP in (NP four days))) -- (VP (ADVP more than) erasing (NP (NP Monday 's) losses))))) .)) (TOP (S But (NP-SBJ-1 (NP further major advances) (PP-LOC on (NP the Nikkei))) (VP are n't (VP foreseen (NP *-1) (NP-TMP this week) (PP by (NP-LGS market observers)))) .)) (TOP (S (NP-SBJ-2 Investors) (VP are (ADVP-TMP still) (VP waiting (S (NP-SBJ *-2) (VP to (VP see (SBAR (SBAR (WHADVP-3 how) (S (NP-SBJ the U.S. government) (VP will (VP decide (PP on (NP interest rates)) (ADVP-MNR *T*-3))))) and (SBAR (WHADVP-4 how) (S (NP-SBJ-1 the dollar) (VP will (VP be (VP stabilized (NP *-1) (ADVP-MNR *T*-4)))))))))))) .)) (TOP (S (NP-SBJ Some high-priced issues) (VP made (NP a comeback) (NP-TMP Friday)) .)) (TOP (S (NP-SBJ Pioneer) (VP surged (NP-EXT (NP 450 yen) (PRN -LRB- (NP $ 3.16 *U*) -RRB-)) (PP-DIR to (NP (NP 6,050 yen) (PRN -LRB- (NP $ 42.60 *U*) -RRB-)))) .)) (TOP (S (NP-SBJ Kyocera) (VP advanced (NP-DIR 80 yen) (PP-EXT to (NP 5,440))) .)) (TOP (S (NP-SBJ Fanuc) (VP gained (NP 100) (PP-DIR to (NP 7,580))) .)) (TOP (S (S-TPC-2 (NP-SBJ Breweries) (VP attracted (NP investors) (PP-PRP because of (NP (NP their land property holdings) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP figure (PP-LOC in (NP (NP development) or (NP other plans))))))))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S (NP-SBJ Sapporo) (VP gained (NP 80) (PP-DIR to (NP 1,920)))) and (S (NP-SBJ Kirin) (VP added (NP 60) (PP-DIR to (NP 2,070)))) .)) (TOP (S (NP-SBJ-2 Housings , constructions and pharmaceuticals) (VP continued (S (NP-SBJ-1 *-2) (VP to (VP be (VP bought (NP *-1) (PP-TMP following (NP (NP Thursday 's) gains)))))) (PP-PRP because of (NP strong earnings outlooks))) .)) (TOP (S (NP-SBJ Daiwa House) (VP gained (NP 50) (PP-DIR to (NP 2,660))) .)) (TOP (S (NP-SBJ Misawa Homes) (VP was (ADVP-PRD up (NP 20)) (PP-CLR at (NP 2,960))) .)) (TOP (S (S (NP-SBJ Kajima) (VP advanced (NP-EXT 40) (PP-DIR to (NP 2,120)))) and (S (NP-SBJ Ohbayashi) (VP added (NP 50) (PP-DIR to (NP 1,730)))) .)) (TOP (S (S (NP-SBJ Fujisawa) (VP added (NP 80) (PP-DIR to (NP 2,010)))) and (S (NP-SBJ Mochida) (VP advanced (NP-EXT 230) (PP-DIR to (NP 4,400)))) .)) (TOP (S (NP-SBJ-1 London share prices) (VP were (VP influenced (NP *-1) (PP (ADVP largely) by (NP-LGS (NP (NP declines) (PP-LOC on (NP Wall Street))) and (NP (NP weakness) (PP-LOC in (NP the British pound))))))) .)) (TOP (S (NP-SBJ The key Financial Times-Stock Exchange 100-share index) (VP ended (ADVP-CLR (NP 10.2 points) lower) (PP-CLR at (NP (NP 2179.1) , (ADVP (ADVP above (NP (NP its intraday low) (PP of (NP 2176.9)))) , but (ADVP off (NP (NP (NP the day 's) high) (PP of (NP 2189)))))))) .)) (TOP (S (NP-SBJ The index) (VP finished (PP-CLR (NP 2.4 %) under (NP (NP its close) (PP of (NP 2233.9)) (NP-TMP the previous Friday))) , (SBAR-ADV although (S (NP-SBJ it) (VP recouped (NP (NP some) (PP of (NP (NP the sharp losses) (VP staged (NP-TMP early last week) (PP on (NP (NP the back) (PP of (NP (NP Wall Street 's) fall)))))))))))) .)) (TOP (S (NP-SBJ London) (VP was (ADJP-PRD weak) (PP-TMP throughout (NP (NP Friday 's) trading)) , (ADVP however) , (PP on (SBAR-NOM (WHNP-1 what) (S (NP-SBJ dealers) (VP attributed (NP *T*-1) (PP-CLR to (NP (NP (NP (ADJP generally thin) interest) (ADVP-TMP ahead (PP of (NP the weekend)))) and (NP (NP (NP this week 's) (ADJP potentially important) U.K. trade figures) (PP for (NP September)))))))))) .)) (TOP (S (NP-SBJ The FT-SE 100) (ADVP largely) (VP remained (PP-LOC-PRD within (NP (NP an 11-point range) (VP establshed (NP *) (PP-TMP within (NP (NP the first hour) (PP of (NP trading))))))) (PP-TMP before (S-NOM (NP-SBJ it) (VP eased (PP-DIR to (NP an intraday low)) (ADVP-TMP late (PP in (NP the session))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP a flurry) (PP of (NP program selling))) (VP pushed (NP Wall Street) (ADVP-CLR lower) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ The FT 30-share index) (VP closed (ADVP (NP 11.0 points) lower) (PP-CLR at (NP 1761.0))) .)) (TOP (S (NP-SBJ Volume) (VP was (UCP-PRD (ADJP extremely thin (PP at (NP (NP (QP 351.3 million) shares) , (NP (NP the lightest volume) (PP of (NP the week)))))) and (PP (ADVP modestly) under (NP (NP Thursday 's) (QP 387.4 million) shares)))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ (NP the day 's) action) (VP was (ADJP-PRD featureless) (PP outside (NP (NP (NP some response) (PP to (NP (NP (NP sterling 's) early weakness) (PP against (NP the mark))))) , and (NP fears (SBAR that (S (NP-SBJ Wall Street) (VP might (VP open (ADVP-CLR lower) (PP-TMP after (NP (NP its strong leap) (ADVP forward) (NP-TMP Thursday)))))))))))))) .)) (TOP (S (NP-SBJ They) (VP added (SBAR that (S (NP-SBJ-1 market-makers) (VP were (ADVP largely) (VP sidelined (PP-TMP after (S-NOM (NP-SBJ *-1) (VP (ADVP-MNR aggressively) supporting (NP the market) (NP-TMP Thursday) (PP in (NP their quest (S (NP-SBJ *) (VP to (VP cover (NP (NP internal shortages) (PP of (NP FT-SE 100 shares)))))))))))))))) .)) (TOP (S (NP-SBJ Interest) (VP may (VP remain (ADJP-PRD limited) (PP into (NP (NP (NP tomorrow 's) U.K. trade figures) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 the market) (VP will (VP be (VP watching (NP *T*-1) (ADVP-MNR closely) (S-PRP (NP-SBJ *-2) (VP to (VP see (SBAR if (S (NP-SBJ there) (VP is (NP-PRD any improvement) (PP-TMP after (NP (NP disappointing numbers) (PP-TMP in (NP the previous two months))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The key corporate news) (PP of (NP the day))) (VP was (SBAR-PRD that (S (NP-SBJ-1 British Airways) (VP decided (S (NP-SBJ *-1) (VP to (VP withdraw (PP-DIR from (NP (NP a management-led bid) (PP for (NP (NP UAL Corp.) , (NP (NP the parent) (PP of (NP United Airlines)))))))))))))) .)) (TOP (S (NP-SBJ-1 British Airways) (VP rose (ADVP-TMP initially) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP announcing (NP (NP its withdrawal) (PP from (NP the UAL deal))))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ they) (VP viewed (NP (NP the initial (ADJP # 390-million *U*) (PRN -LRB- (ADJP (QP $ 622 million) *U*) -RRB-) outlay) (PP for (NP (NP a 15 % stake) (PP-LOC in (NP the airline))))) (PP-CLR as (NP a bit much)))))) .)) (TOP (S (NP-SBJ-1 Its shares) (VP slid (PP-LOC in (NP late dealings)) (S-PRP (NP-SBJ *-1) (VP to (VP close (ADVP-CLR (NP (NP a penny) (PP per (NP share))) lower) (PP-CLR at (NP 197 pence)))))) .)) (TOP (S (NP-SBJ The airline) (VP was (NP-PRD the (ADJP most active) FT-SE 100) (PP at (NP (NP (QP 8.2 million) shares) (VP traded (NP *))))) .)) (TOP (S (NP-SBJ The (ADJP next most active) top-tier stock) (VP was (NP-PRD (NP B.A.T Industries) , (NP (NP the target) (PP of (NP (NP Sir James Goldsmith 's) (ADJP (QP # 13.4 billion) *U*) bid))))) .)) (TOP (S (NP-SBJ The company) (VP gained (NP (NP shareholder approval) (SBAR *ICH*-1)) (NP-TMP Thursday) (SBAR-1 (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP restructure (PP in (NP a bid (S (NP-SBJ *) (VP to (VP fend (ADVP-CLR off) (NP the hostile takeover)))))) (ADVP *T*-2)))))) .)) (TOP (S (NP-SBJ Sir James) (VP said (NP-TMP Thursday night) (SBAR that (S (NP-SBJ (NP his plans) (PP for (NP the takeover))) (VP had n't (VP changed))))) .)) (TOP (S (NP-SBJ B.A.T) (VP ended (NP the day) (PP-CLR at (NP 778)) , (ADVP-CLR down (NP 5)) , (PP on (NP (NP turnover) (PP of (NP (QP 7.5 million) shares))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP hit (NP *-1) (PP by (NP-LGS (NP some profit-taking) (PP-TMP after (NP gains)) (PP-TMP since (NP mid-week))))))))) .)) (TOP (S (PP-LOC In (NP other active shares)) , (NP-SBJ Trusthouse Forte) (VP shed (NP 10) (PP-DIR to (NP 294)) (PP on (NP (NP volume) (PP of (NP (QP 6.4 million) shares)))) (PP-TMP after (NP a Barclays De Zoete Wedd downgrading)) , (SBAR-ADV while (S (NP-SBJ-1 (NP Hillsdown Holdings) , (NP a food products concern) ,) (VP was (VP boosted (NP *-1) (NP-EXT 2) (PP-DIR to (NP 271)) (SBAR-TMP after (S (NP-SBJ it) (VP disclosed (SBAR 0 (S (NP-SBJ it) (VP would (VP seek (NP (NP shareholder approval) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP begin (NP share repurchases) (ADVP *T*-2)))))))))))))))))) .)) (TOP (S (ADVP-LOC Elsewhere (PP in (NP Europe))) , (NP-SBJ share prices) (VP closed (ADVP-CLR higher) (PP-LOC in (NP Stockholm , Brussels and Milan))) .)) (TOP (S (NP-SBJ Prices) (VP were (ADJP-PRD lower) (PP-LOC in (NP Frankfurt , Zurich , Paris and Amsterdam))) .)) (TOP (S (NP-SBJ (ADJP South African) gold stocks) (VP closed (ADVP-CLR moderately lower)) .)) (TOP (S (NP-SBJ Share prices) (VP (VP closed (ADVP-CLR higher) (PP-LOC in (NP (NP Sydney) , (NP Taipei) , (NP Wellington) , (NP Manila) , (NP Hong Kong) and (NP Singapore)))) and (VP were (ADJP-PRD lower) (PP-LOC in (NP Seoul)))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP price trends) (PP-LOC on (NP (NP the world 's) major stock markets)) , (SBAR as (S (NP-SBJ-2 *) (VP calculated (NP *-2) (PP by (NP-LGS (NP Morgan Stanley Capital International Perspective) , (NP-LOC Geneva))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP make (S (NP-SBJ them) (ADJP-PRD directly comparable))))) , (NP-SBJ-1 each index) (VP is (VP based (NP *-1) (PP-CLR on (S-NOM (NP-SBJ (NP the close) (PP of (NP 1969))) (VP equaling (NP 100)))))) .)) (TOP (S (NP-SBJ The percentage change) (VP is (PP-PRD since (NP year-end))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The U.S.) (VP is (VP required (S (NP-SBJ *-1) (VP to (VP notify (NP foreign dictators) (SBAR-ADV if (S (NP-SBJ it) (VP knows (PP-CLR of (NP (NP coup plans) (ADJP likely (S (NP-SBJ *) (VP to (VP endanger (NP their lives)))))))))))))))) , (NP-SBJ government officials) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The notification policy) (VP was (NP-PRD (NP part) (PP of (NP (NP a set) (PP of (NP (NP guidelines) (PP on (S-NOM (NP-SBJ *) (VP handling (NP coups)))) (VP outlined (NP *) (PP-LOC in (NP (NP a secret 1988 exchange) (PP of (NP letters)) (PP between (NP (NP the Reagan administration) and (NP the Senate Intelligence Committee)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The existence) (PP of (NP the guidelines))) (VP has (VP become (VP known (NP *-1) (SBAR-TMP since (S (NP-SBJ President Bush) (VP disclosed (NP them) (ADVP-MNR privately) (PP-CLR to (NP seven Republican senators)) (PP-LOC at (NP a White House meeting)) (NP-TMP last Monday))))))) .)) (TOP (S (NP-SBJ (NP Officials) (ADJP familiar (PP with (NP the meeting)))) (VP said (SBAR 0 (S (NP-SBJ Mr. Bush) (VP cited (NP the policy) (PP-CLR as (NP (NP an example) (PP of))))))) (NP (NP the sort) (PP of (NP congressional requirements)) (SBAR (WHNP-1 0) (S (NP-SBJ the administration) (VP contends (SBAR 0 (S (NP-SBJ *T*-1) (VP contribute (PP-CLR to (NP (NP the failure) (PP of (NP (NP such covert actions) (PP as (NP (NP this month 's) futile effort (S (NP-SBJ *) (VP to (VP oust (NP Panamanian dictator Manuel Noriega))))))))))))))))) .)) (TOP (S (PP According (PP to (NP the officials))) , (NP-SBJ Mr. Bush) (ADVP even) (VP read (PP-CLR to (NP the senators)) (NP (NP selections) (PP from (NP (NP a (ADJP highly classified) letter) (PP from (NP the committee)) (PP to (NP the White House)) (VP discussing (NP the guidelines)))))) .)) (TOP (S (NP-SBJ They) (VP said (SBAR 0 (S (NP-SBJ the president) (VP conceded (SBAR 0 (S (NP-SBJ the notification requirement) (VP did n't (VP affect (NP his decision (S (NP-SBJ *) (VP to (VP lend (NP only minor support) (PP-CLR to (NP (NP this month 's) Panama coup effort)))))))))))))) .)) (TOP (S-2 (NP-SBJ-1 No notification) (VP was (ADVP-TMP ever) (VP considered (NP *-1) (PRN , (S (NP-SBJ officials) (VP said (SBAR 0 (S *T*-2)))) ,) (ADVP apparently) (SBAR-PRP because (S (NP-SBJ the U.S.) (VP did n't (VP think (SBAR 0 (S (NP-SBJ-3 the coup plotters) (VP intended (S (NP-SBJ *-3) (VP to (VP (VP kill (NP Mr. Noriega)) , but (VP (ADVP merely) sought (S (NP-SBJ *-3) (VP to (VP imprison (NP him))))))))))))))))) .)) (TOP (S (INTJ (S (NP-SBJ What) (VP 's (NP-PRD more)))) , (NP-SBJ both (NP administration) and (NP congressional officials)) (VP hint (SBAR that (S (NP-SBJ-3 the notification requirement) (VP is (ADJP-PRD likely (S (NP-SBJ-1 *-3) (VP to (VP be (VP dropped (NP *-1) (PP-DIR from (NP (NP the guidelines) (PP on (NP coup attempts)) (SBAR (WHNP-4 that) (S (NP-SBJ-2 *T*-4) (VP are (VP being (VP rewritten (NP *-2) (PP by (NP-LGS (NP the panel) and (NP the White House))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The rewriting) (VP was (VP launched (NP *-1) (PP-LOC at (NP (NP a meeting) (PP between (NP (NP Mr. Bush) and (NP intelligence committee leaders))))) (NP-TMP (NP Oct. 12) , (PP (NP a few days) before (NP (NP the meeting) (SBAR (WHPP-2 at (WHNP which)) (S (NP-SBJ the president) (VP complained (PP-CLR about (NP the rules)) (PP-LOC *T*-2))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ-1 (NP (NP the disclosure) (PP of (NP (NP the guidelines)))) , (VP (ADVP-TMP first) reported (NP *) (NP-TMP last night) (PP by (NP-LGS NBC News))) ,) (VP is (ADVP-TMP already) (VP being (VP interpreted (NP *-1) (PP-LOC on (NP Capitol Hill)) (PP-CLR as (NP an unfair effort (S (NP-SBJ *) (VP to (VP pressure (NP Congress))))))))) .)) (TOP (S (NP-SBJ It) (VP has (VP reopened (NP (NP the bitter wrangling) (PP between (NP (NP the White House) and (NP Congress))) (PP over (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD responsible (PP (PP for (NP the failure (S (NP-SBJ *) (VP to (VP oust (NP Mr. Noriega)))))) and , (ADVP more broadly) , (PP for (NP (NP difficulties) (PP in (S-NOM (NP-SBJ *) (VP carrying (PRT out) (NP covert activities) (ADVP-LOC abroad))))))))))))))) .)) (TOP (S (NP-SBJ (NP A statement) (VP issued (NP *) (PP by (NP-LGS (NP the office) (PP of (NP (NP the committee chairman) , (NP (NP Sen. David Boren) (PRN -LRB- (NP D.) , (NP-LOC Okla.) -RRB-) ,))))))) (VP charged (SBAR that (S (NP-SBJ the disclosure) (VP is (NP-PRD (NP part) (PP of (NP a continuing effort (S (NP-SBJ *) (VP to (VP shift (NP (NP the criticism) (PP for (NP (NP the failure) (PP of (NP (NP the recent coup attempt) (PP-LOC in (NP Panama))))))))))))))))) .)) (TOP (S (NP-SBJ The statement) (VP added , `` (S (NP-SBJ-1 Someone) (VP has (ADVP regrettably) (VP chosen (S (NP-SBJ *-1) (VP to (ADVP-MNR selectively) (VP summarize (NP (NP portions) (PP of (NP (NP (ADJP highly classified) correspondence) (PP between (NP (NP the two branches) (PP of (NP government)))))))))))))) .)) (TOP (S (CONJP Not only) (SINV does (NP-SBJ this) (VP come (ADJP-PRD close (PP to (NP (NP a violation) (PP of (NP law))))))) , (S (NP-SBJ it) (VP violates (NP (NP the trust) (SBAR (WHNP-2 0) (S (NP-SBJ-1 we) (VP have all (VP worked (S-CLR (NP-SBJ *-1) (VP to (VP develop (NP *T*-2))))))))))) . '')) (TOP (S (NP-SBJ Sen. Boren) (VP said , `` (S (NP-SBJ It) (VP 's (NP-PRD (NP time) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 *) (VP to (VP (VP stop (VP bickering)) and (VP work (ADVP together) (S-CLR (NP-SBJ *-1) (VP to (VP develop (NP (NP a clear and appropriate policy) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP help (NP the country) (PP-TMP in (NP the future)) (ADVP-LOC *T*-3)))))))))) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ I) (VP 've (VP invited (NP-1 the president) (S (NP-SBJ *-1) (VP to (VP send (NP his suggestions) (PP-DIR to (NP the committee))))))) . '')) (TOP (S (NP-SBJ (NP (NP Republican Sen. William Cohen) (PP of (NP Maine))) , (NP (NP the panel 's) vice chairman) ,) (VP said (PP-CLR of (NP the disclosure)) (SBAR that `` (S (S (NP-SBJ (NP a text) (VP torn (NP *) (ADVP-CLR out (PP of (NP context))))) (VP is (NP-PRD a pretext))) , and (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP is (ADJP-PRD unfair) (SBAR-2 for (S (NP-SBJ (NP those) (PP-LOC in (NP the White House)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (VP leaking))))) (VP to (VP present (NP the evidence) (PP-MNR in (NP a selective fashion))))))))))) . '')) (TOP (S (NP-SBJ Sen. Boren) (VP said (SBAR 0 (S (NP-SBJ-1 the committee) (VP could n't (VP defend (NP itself) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP making (S (NP-SBJ the documents) (ADJP-PRD public))))) (SBAR-PRP because (S (NP-SBJ that) (VP would (VP violate (NP classification rules)))))))))) .)) (TOP (S But (NP-SBJ (NP the chairman) and (NP other committee members)) (VP stressed (SBAR that (S (NP-SBJ-1 the notification guideline) (VP was n't (VP imposed (NP *-1) (PP-CLR on (NP the White House)) (PP by (NP-LGS a meddling Congress))))))) .)) (TOP (S-2 (ADVP Instead) (PRN , (S (NP-SBJ both congressional and administration officials) (VP agreed (SBAR 0 (S *T*-2)))) ,) (NP-SBJ it) (VP grew (PP-CLR out (PP of (NP (NP talks) (PP about (NP (NP coup-planning) (PP in (NP Panama)))) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP (VP were (VP initiated (NP *-3) (PP by (NP-LGS the administration)) (PP-TMP in (NP July 1988)))) and (VP stretched (PP-DIR into (NP last October)))))))))) .)) (TOP (S (NP-SBJ The guideline) (VP was n't (NP-PRD (NP a law) , but (NP (NP a joint interpretation) (PP of (SBAR-NOM (WHADVP how) (S (NP-SBJ the U.S.) (VP might (VP operate (PP-TMP during (NP foreign coups)) (PP in (NP (NP light) (PP of (NP (NP the longstanding presidential order) (VP banning (NP (NP a U.S. role) (PP-LOC in (NP assassinations)))))))))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-TMP yesterday) (NP-SBJ (NP the administration) and (NP Congress)) (VP were (ADVP-TMP still) (VP differing (PP-CLR on (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 *T*-1) (VP had (VP been (VP agreed (PP-CLR to (NP *-2)))))))))) .)) (TOP (S (NP-SBJ One administration official) (VP said (SBAR 0 (S (NP-SBJ-1 notification) (VP was (VP required (NP *-1) (SBAR-ADV even if (S (NP-SBJ the U.S.) `` (VP gets (NP-CLR wind) '' (PP-CLR of (NP (NP (NP (NP somebody) (ADJP else) 's) coup plans) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP seem (ADJP likely (S (NP-SBJ *-3) (VP to (VP endanger (NP (NP a dictator 's) life)))))))))))))))))) .)) (TOP (S But (NP-SBJ (NP a congressional source) (ADJP close (PP to (NP the panel)))) (VP said (SBAR 0 (S (NP-SBJ the rule) (ADVP only) (VP covered (NP (NP coup plans) (VP (ADVP-MNR directly) involving (NP the U.S))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 the notification guideline) (VP was n't (VP carried (NP *-1) (ADVP-CLR out) (PP-LOC in (NP (NP this month 's) coup attempt)))))) , (NP-SBJ some administration officials) (VP argue (SBAR that (S (NP-SBJ it) (VP may (VP have (VP led (PP-DIR to (NP (NP hesitation and uncertainty) (PP on (NP (NP the part) (PP of (NP (NP U.S. intelligence) and (NP (NP military operatives) (PP-LOC in (NP Panama))))))))))))))) .)) (TOP (S (NP-SBJ One senior administration official) (VP (VP called (S (NP-SBJ the guideline) `` (ADJP-PRD outrageous) '')) and (VP said (SBAR 0 (S (NP-SBJ it) (VP could (VP make (S (NP-SBJ-1 U.S. operatives) (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (ADVP even) (VP listen (PP-CLR to (NP coup plans)))))) (PP-PRP for (NP fear (SBAR 0 (S (NP-SBJ they) (VP may (VP get (PP-CLR into (NP legal trouble))))))))))))))) .)) (TOP (S-1 (NP-SBJ The issue) (VP came (PP-DIR to (NP a head)) (NP-TMP last year) (PRN , (S (NP-SBJ officials) (VP recalled (SBAR 0 (S *T*-1)))) ,) (SBAR-PRP (ADVP partly) because (S (NP-SBJ-2 the Reagan administration) (VP had (VP sought (ADVP-MNR unsuccessfully) (S (NP-SBJ *-2) (VP to (VP win (NP (NP committee approval) (PP of (NP (NP funding) (PP for (NP new Panama coup efforts))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ both administration and congressional officials) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the need) (PP for (NP (NP guidelines) (PP on (NP coups and assassinations))))) (VP was (ADVP partly) (VP spurred (NP *-1) (PP by (NP-LGS a White House desire (S (NP-SBJ *) (VP to (VP avoid (NP nasty overseas surprises) (PP-TMP during (NP the election campaign)))))))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ the assassination ban) (VP is (NP-PRD (NP a White House order) (SBAR (WHNP-1 that) (S (NP-SBJ Congress) (ADVP-TMP never) (VP voted (PP-CLR on (NP *T*-1))))))))) , (NP-SBJ the intelligence committees) (VP can (VP exercise (NP influence) (PP over (NP its interpretation)))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ Central Intelligence Agency Director William Webster) (ADVP-MNR publicly) (VP called (PP-CLR on (NP-2 Congress)) (S-CLR (NP-SBJ *-2) (VP to (VP provide (NP (NP new interpretations) (PP of (NP the assassination order)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP permit (NP the U.S.) (NP more freedom (S (NP-SBJ *) (VP to (VP act (PP-LOC in (NP coups))))))))))))))) .)) (TOP (S (NP-SBJ The administration) (VP has (VP reacted (PP-CLR to (NP criticism (SBAR that (S (NP-SBJ-1 it) (VP mishandled (NP the latest coup attempt) (PP-MNR by (S-NOM (NP-SBJ-2 *-1) (VP seeking (S (NP-SBJ *-2) (VP to (VP blame (NP Congress) (PP-CLR for (NP (NP restrictions) (SBAR (WHNP-3 0) (S (NP-SBJ the White House) (VP said (SBAR 0 (S (NP-SBJ *T*-3) (VP have (VP hampered (NP (NP its freedom) (PP of (NP action))))))))))))))))))))))))) .)) (TOP (S (ADVP However) , (NP-TMP last week) (NP-SBJ (NP Mr. Webster 's) two top CIA deputies) (VP said (SBAR 0 (S (NP-SBJ congressional curbs) (VP had n't (VP hampered (NP (NP (NP the spy agency 's) role) (PP-LOC in (NP (NP the coup attempt) (PP-LOC in (NP Panama)))))))))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ-1 (NP the administration 's) criticisms) (VP appeared (S (NP-SBJ *-1) (VP to (VP have (VP made (NP some headway) (PP with (NP Sens. Boren and Cohen)) (PP-TMP after (NP (NP their Oct. 12 meeting) (PP with (NP the president))))))))) .)) (TOP (S (NP-SBJ-2 The three men) (VP agreed (S (NP-SBJ-3 *-2) (VP to (VP rewrite (NP the guidelines) , (PP without (S-NOM (NP-SBJ *-3) (VP changing (NP the basic assassination ban)))) , (S-PRP (NP-SBJ *-3) (VP to (VP clear (PRT up) (NP (NP any ambiguities) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP may (VP have (VP hampered (NP (NP U.S. encouragement) (PP of (NP (NP coups) (PP against (NP anti-American leaders)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The new argument) (PP over (NP the notification guideline))) , (ADVP however) , (VP could (VP sour (NP (NP any atmosphere) (PP of (NP cooperation)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP existed)))))) .)) (TOP (S (NP-SBJ Gerald F. Seib) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S -LRB- (PP-TMP During (NP its centennial year)) , (NP-SBJ The Wall Street Journal) (VP will (VP report (NP (NP events) (PP of (NP the past century)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stand (PP-CLR as (NP (NP milestones) (PP of (NP American business history)))))))))) . -RRB-)) (TOP (S (S (NP-SBJ MUTUAL FUNDS) (VP ARRIVED (PP-LOC-CLR IN (NP THE U.S.)) (PP-TMP during (NP the Roaring Twenties)) (PRN -LRB- (S (NP-SBJ they) (VP had (VP been (PP-LOC-PRD in (NP Britain)) (PP-TMP for (NP a century))))) -RRB-))) , but (S (NP-SBJ they) (VP did n't (VP boom (SBAR-TMP until (S (NP-SBJ-1 the money market fund) (VP was (VP created (NP *-1) (PP-TMP in (NP the 1970s))))))))) .)) (TOP (S (PP-TMP By (NP 1980)) , (NP-SBJ there) (VP were (NP-PRD (QP more than 100) such funds)) .)) (TOP (S (PP Besides (S-NOM (NP-SBJ *-1) (VP creating (NP (NP a vehicle) (PP for (NP investors)))))) , (NP-SBJ-1 money market funds) (ADVP also) (VP helped (VP rewrite (NP banking regulations))) .)) (TOP (S (NP-SBJ The idea) (VP was (S-PRD (NP-SBJ *) (VP to (VP let (S (NP-SBJ (NP small investors) , (NP (NP the backbone) (PP of (NP the fund business))) ,) (VP deal (PP-CLR in (NP (NP the money market 's) high short-term interest rates)))))))) .)) (TOP (S (NP-SBJ This) (VP had (VP been (NP-PRD (NP the exclusive province) (PP of (NP (NP those) (ADJP rich enough (S (NP-SBJ-3 *) (VP to (VP use (NP six-figure sums) (S-CLR (NP-SBJ *-3) (VP to (VP get (NP (NP income) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP was (VP figured (NP *-1) (PP-CLR beyond (NP the third or fourth decimal place))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The now-standard price) (PP of (NP (NP $ 1 *U*) (NP-ADV a share)))) (VP came (PRT about) (PP-MNR by (NP accident))) .)) (TOP (S (NP-SBJ An early fund) (VP had (VP filed (NP (NP a registration) (SBAR *ICH*-1)) (PP-CLR with (NP the Securities and Exchange Commission)) (SBAR-1 (WHNP-2 that) (S (NP-SBJ *T*-2) (VP included (NP a fixed (ADJP $ 1 *U*) price)))))) .)) (TOP (S (NP-SBJ It) (VP arrived (SBAR-TMP (ADVP just) as (S (NP-SBJ (NP the regulator) (VP handling (NP such operations))) (VP was (VP retiring))))) .)) (TOP (S (NP-SBJ-1 His successor) (VP approved (NP the (ADJP $ 1 *U*) price) (PP in (NP (NP the process) (PP of (S-NOM (NP-SBJ *-1) (VP clearing (NP (NP the backed-up papers) (PP-LOC on (NP his desk))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ Dreyfus) (VP started (NP the first advertising-backed retail fund) (PP-TMP in (NP February 1974)) (ADVP-TMP *T*-2)))) , (NP-SBJ-1 it) (VP (VP was (VP priced (NP *-1) (PP-CLR at (NP (NP $ 10 *U*) (NP-ADV a share))))) (PRN -LRB- and (VP reached (NP (NP (QP $ 1 billion) *U*) (PP in (NP assets))) (PP-TMP in (NP one year))))) . -RRB-)) (TOP (S (NP-SBJ Dreyfus) (VP moved (PP-DIR to (NP the $ 1 *U* price)) (SBAR-TMP after (S (NP-SBJ the SEC) (VP set (NP (NP standards) (PRN -- (NP (NP an average 120-day maturity) (PP of (NP high-grade paper))) --) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADVP-TMP still) (NP-PRD the rule))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Keeping (NP the listed price) (PP-LOC-CLR at (NP a dollar)))) (VP is (ADVP primarily) (NP-PRD a convenience)) .)) (TOP (S (ADVP Actually) , (NP-SBJ the funds) (VP do (VP (VP fluctuate (PP-LOC-1 *NOT*)) , but (VP (PP-LOC=1 beyond (NP the third decimal place))))) .)) (TOP (S (NP-SBJ Rounding-off) (VP keeps (NP them) (PP-LOC-CLR at (NP $ 1 *U*))) .)) (TOP (S (ADVP-TMP Eventually) , (NP-SBJ (NP the money funds ') success) (VP forced (NP (NP relaxation) (PP of (NP (NP curbs) (PP on (NP bank interest rates)))) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP allow (S (NP-SBJ banks) (VP to (VP offer (NP competing yields)))))))))) .)) (TOP (S (S (NP-SBJ The new instrument) (ADVP also) (VP introduced (NP many) (PP-CLR to (NP the industry)))) -- (S (NP-SBJ (NP 30 %) (PP of (NP fund owners))) (PRN -LRB- (S (NP-SBJ there) (VP are (NP-PRD (QP more than 54 million) accounts))) -RRB-) (VP started (PP-CLR with (NP a money fund)))) .)) (TOP (S (NP-TMP Today) (NP-SBJ (NP (QP more than 470) money market funds)) (VP have (NP (NP total assets) (VP exceeding (NP (QP $ 350 billion) *U*)))) .)) (TOP (S -LRB- (NP-SBJ The companion tax-exempt funds) (VP add (NP (QP $ 71 billion) *U*)) . -RRB-)) (TOP (S (NP-SBJ (NP Dreyfus) (ADVP alone)) (VP has (VP seen (S (NP-SBJ its money market funds) (VP grow (PP-DIR from (NP (QP $ 1 billion) *U*) (PP-TMP in (NP 1975))) (PP-DIR to (NP (QP closes to $ 15 billion) *U*) (NP-TMP today)))))) .)) (TOP (S (NP-SBJ (NP Procter & Gamble Co.) and (NP Noxell Corp.)) (VP said (SBAR 0 (S (NP-SBJ they) (VP received (NP (NP early termination) (PP of (NP (NP the waiting period) (PP-LOC under (NP the Hart-Scott-Rodino Act)) (PP regarding (NP (NP the proposed (ADJP (QP $ 1.4 billion) *U*) merger) (PP of (NP Noxell)) (PP into (NP P&G))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Shareholders) (PP of (NP (NP Noxell) , (PP of (NP-LOC (NP Hunt Valley) , (NP Md.) ,))))) (VP will (VP vote (PP-CLR on (NP the merger)) (PP-LOC at (NP a special meeting)) (PP-TMP on (NP Nov. 30))))) , (NP-SBJ the companies) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-2 (NP P&G) , (NP-LOC Cincinnati) ,) (VP agreed (S (NP-SBJ *-2) (VP to (VP exchange (NP (NP (NP 0.272 share) (PP of (NP its common stock))) (NP *ICH*-1)) (PP-CLR for (NP (NP each share) (PP of (NP Noxell (UCP common and Class B) stock)))) , (NP-1 (NP a total) (PP of (NP (QP about 11 million) P&G shares))))))) .)) (TOP (S (NP-SBJ The transaction) (VP would (VP mark (NP (NP the entry) (PP of (NP P&G)) (PP into (NP cosmetics))))) .)) (TOP (S (NP-SBJ The company) (ADVP-TMP already) (VP markets (NP (NP a wide range) (PP of (NP detergents , food , household and health-care products)))) .)) (TOP (S (NP-SBJ (NP Shareholders) (PP of (NP Messerschmitt-Boelkow-Blohm G.m.b . H.))) (VP postponed (NP (NP their formal endorsement) (PP of (NP (NP a merger) (PP with (NP Daimler-Benz AG))))) (PP-TMP until (NP (NP another meeting) (PP-TMP on (NP Nov. 17))))) .)) (TOP (S (NP-SBJ-2 (NP The owners) (PP of (NP the defense and aerospace concern)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP include (NP (NP three regional states) , (NP several industrial companies) and (NP banks))))) ,) (VP met (NP-TMP Friday) (S-PRP (NP-SBJ *-2) (VP to (VP discuss (NP (NP the final terms) (PP of (NP (NP the transaction) , (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ Daimler-Benz) (VP will (VP acquire (NP (NP 50.01 %) (FRAG (PP of))) (PP-LOC *T*-3)))))))))))))) (TOP (S But (NP-SBJ-1 agreement) (ADVP aparently) (VP could n't (VP be (VP reached (NP *-1) (PP-PRP because of (NP (NP opposition) (PP from (NP (NP the states) (PP of (NP Hamburg and Bremen)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP are (VP demanding (NP (NP (NP more influence) (PP over (NP the German Airbus operations))) and (NP (NP a better guarantee) (PP against (NP (NP job losses) (PP-LOC in (NP the troubled Northern German region))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The two states) and (NP (NP the state) (PP of (NP Bavaria)))) (ADVP-TMP still) (VP hold (NP a majority) (PP-LOC in (NP MBB))) , but (S (NP-SBJ their stake) (VP will (VP fall (PP-DIR to (NP (QP around 30) %)) (SBAR-TMP after (S (NP-SBJ Daimler-Benz) (VP acquires (NP (NP its stake) (PP-LOC in (NP the concern))))))))) .)) (TOP (S (NP-SBJ-1 Jeffrey E. Levin) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP vice president) and (NP chief economist)) (PP-2 of (NP this commodity futures and options exchange)))))) .)) (TOP (S (NP-SBJ He) (VP had (VP been (NP-PRD (NP associate professor) (PP-LOC in (NP (NP the department) (PP of (NP finance)))) (PP-LOC at (NP Seton Hall University))))) .)) (TOP (S (NP-SBJ SIERRA TUCSON Cos.) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP its initial public offering) (PP of (NP (QP 2.5 million) common shares)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP raised (NP (QP $ 30 million) *U*))))))))) .)) (TOP (S (NP-SBJ (NP The (NAC-LOC Tucson , Ariz. ,) operator) (PP of (NP addiction-treatment centers))) (VP said (SBAR 0 (S (NP-SBJ-1 proceeds) (VP will (VP be (VP used (NP *-1) (UCP-PRP (PP for (NP expansion)) , (S (NP-SBJ *) (VP to (VP pay (NP debt)))) and (PP for (NP general corporate purposes))))))))) .)) (TOP (S (NP-SBJ Oppenheimer & Co.) (VP was (NP-PRD the lead underwriter)) .)) (TOP (S (NP-SBJ The government) (VP issues (NP (NP its first reading) (PP on (NP third-quarter real gross national product))) (NP-TMP this week) (PP-LOC in (NP (NP a report) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP disclose (NP (ADJP much tamer) inflation))))))))))) .)) (TOP (S (NP-SBJ (NP The consensus view) (PP on (NP (NP real GNP) , (NP (NP the total value) (PP of (NP (NP (NP the nation 's) output) (PP of (NP goods and services)))) (VP adjusted (NP *) (PP-CLR for (NP inflation)))) ,))) (VP calls (PP-CLR for (NP (NP a (ADJP 2.3 %) gain) , (ADVP down (PP from (NP (NP the second quarter 's) 2.5 %))))) , (PP according (PP to (NP (NP MMS International) , (NP (NP a unit) (PP of (NP (NP McGraw-Hill Inc.) , (NP-LOC New York)))))))) .)) (TOP (S But (NP-SBJ-2 inflation) , (SBAR-ADV as (S (NP-SBJ-1 *-2) (VP measured (NP *-1) (PP by (NP-LGS the GNP deflator)) (PP-LOC in (NP (NP Thursday 's) report))))) , (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP rise (NP-EXT (NP (QP only 3.5) %) , (ADVP down (PP from (NP (NP 4.6 %) (PP-TMP in (NP the second quarter))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Inflation) (VP could (VP be (NP-PRD a real surprise)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Samuel D. Kahan) , (NP (NP chief financial economist) (PP-LOC at (NP (NP Kleinwort Benson Government Securities Inc. ,) (PP-LOC in (NP Chicago)))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ that) (VP gets (S (NP-SBJ people) (ADJP-PRD excited))))) , (NP-SBJ it) (VP could (VP serve (PP-CLR as (NP (NP an impetus (S *ICH*-2)) (PP to (NP the fixed-income markets)) (S-2 (NP-SBJ *) (VP to (VP lower (NP their rates))))))))) , '' (NP-SBJ he) (VP added (S *T*-1)) .)) (TOP (S (NP-SBJ (NP The week 's) other notable indicators) (VP include (NP (NP mid-October auto sales) , (NP September durable goods orders) (CONJP as well as) (NP (NP September personal income) , (NP personal consumption) and (NP the saving rate)))) .)) (TOP (S (NP-SBJ-1 Most) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP fall (PP-DIR below (NP previous-month levels))))))) .)) (TOP (S (NP-SBJ Many economists) (VP see (NP (NP (ADJP even slower) GNP growth) (PP for (NP (NP the remainder) (PP of (NP the year))))) , (PP with (S-NOM (NP-SBJ some) (VP leaning (ADVP-MNR more strongly) (PP-DIR toward (NP a possible recession)))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP (NP (NP softer production data) , (NP weaker housing starts) and (NP lower corporate profits)) (PP (ADVP-TMP currently) in (NP evidence)))))) , (NP-SBJ some analysts) (VP believe (SBAR 0 (S (NP-SBJ (NP the two recent natural disasters) -- (NP (NP Hurricane Hugo) and (NP the San Francisco earthquake)) --) (VP will (VP carry (NP economic ramifications) (PP-TMP in (NP the fourth quarter))))))) .)) (TOP (S (NP-SBJ-1 (NP The recent one-day , 190-point drop) (PP-LOC in (NP the Dow Jones Industrial Average))) (VP seems (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD significant (PP to (NP economists))) (PP-PRP (ADVP mainly) for (NP (NP its tacit comment) (PP on (NP (NP the poor quality) (PP of (NP (NP third-quarter profits) (VP (ADVP-TMP now) being (VP reported (NP *))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The stock market) (VP is (ADJP-PRD sick) (SBAR-PRP because (S (NP-SBJ profits) (VP are (VP crumbling)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Michael K. Evans) , (NP (NP president) (PP of (NP (NP Evans Economics Inc.) , (NP-LOC Washington))))) .)) (TOP (S-1 (S (NP-SBJ The economy) (PRN , (S (NP-SBJ he) (VP noted (SBAR 0 (S *T*-1)))) ,) (VP moves (NP the market))) , (FRAG (ADVP not vice versa)) .)) (TOP (S (PP On (NP the other hand)) , (NP-SBJ Mr. Evans) (VP expects (S (NP-SBJ (NP the hurricane) and (NP the earthquake)) `` (VP to (VP take (NP-CLR a hunk) (PP-CLR out (PP of (NP fourth-quarter GNP))))))) . '')) (TOP (S (NP-SBJ (NP His estimate) (PP of (NP 3.3 %)) (PP for (NP third-quarter GNP))) (VP is (ADJP-PRD (ADJP higher) (PP than (NP the consensus))) (SBAR-PRP (ADVP largely) because (S (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ current inventories) (VP are n't (ADJP-PRD (ADJP as low) (SBAR as (S (NP-SBJ official figures) (VP indicate (SBAR 0 (S *?*))))))))))))) .)) (TOP (S-2 (NP-SBJ-1 Demand) (PRN , (S (NP-SBJ he) (VP believes (SBAR 0 (S *T*-2)))) ,) (VP is (VP being (VP met (NP *-1) (PP from (NP (NP overhang) (PP rather than (NP new production))))))) .)) (TOP (S (ADVP By and large) , (NP-SBJ economists) (VP believe (SBAR 0 (S (NP-SBJ the two natural catastrophes) (VP will (VP limit (NP (NP economic damage) (PP to (NP their regions)))))))) .)) (TOP (S (NP-SBJ (NP Edward J. Campbell) , (NP (NP economist) (PP-LOC at (NP (NP Brown Brothers Harriman & Co.) , (NP-LOC New York) ,)))) (VP noted (SBAR that (S (NP-SBJ (NP large increases) (PP-LOC in (NP construction activity)) (ADVP along (PP with (NP (UCP government and private) relief efforts)))) (VP could (VP offset (NP (NP loss) (PP of (NP production))) (PP-LOC in (NP those areas))))))) .)) (TOP (S (NP-SBJ (NP Gary Ciminero) , (NP (NP economist) (PP-LOC at (NP (NP Fleet/Norstar Financial Group) , (NP-LOC (NP Providence) , (NP R.I.) ,))))) (VP expects (S (NP-SBJ the deflator) (VP to (VP rise (NP-EXT (NP 3.7 %) , (PP (ADVP well) below (NP (NP the second quarter 's) 4.6 %)) ,)))) (PP-PRP (ADVP partly) because of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ *T*-1) (VP will (VP be (NP-PRD (ADJP temporarily better) price behavior)))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP expects (NP (NP real GNP growth) (PP of (NP (QP only 2.1) %)) (PP for (NP the quarter))) , (S-ADV (NP-SBJ *-1) (VP noting (NP (NP a wider trade deficit) , (NP slower capital and government spending) and (NP the lower inventory figures))))) .)) (TOP (S (NP-SBJ (NP Sung Won Sohn) , (NP (NP chief economist) (PP-LOC at (NP (NP Norwest Corp.) , (NP-LOC Minneapolis)))) ,) (VP holds (SBAR that (S (NP-SBJ the recent stock-market volatility) `` (VP (VP increases (NP (NP the possibility) (PP of (NP economic recession)))) and (VP reinforces (NP (NP the bad news) '' (PP from (NP recent trade deficit , employment and housing reports)))))))) .)) (TOP (S (NP-SBJ The consensus) (VP calls (PP-CLR for (NP (NP (NP a (ADJP 0.5 %) increase) (PP-LOC in (NP September personal income))) and (NP (NP a (ADJP 0.3 %) gain) (PP-LOC in (NP consumption)))))) .)) (TOP (S (PP-TMP In (NP August)) , (S (NP-SBJ personal income) (VP rose (NP-EXT 0.4 %))) and (S (NP-SBJ personal consumption) (VP increased (NP-EXT 0.9 %))) .)) (TOP (S (NP-SBJ (NP Charles Lieberman) , (NP (NP managing director) (PP of (NP financial markets reasearch)) (PP-LOC at (NP (NP Manufacturers Hanover Securities Corp.) , (NP-LOC New York)))) ,) (VP said (SBAR 0 (S (NP-SBJ Hurrican Hugo) (VP shaved (NP (QP 0.1 % to 0.2 %) *U*) (PP-CLR from (NP personal-income growth)) , (PP-PRP because of (NP (NP (ADJP greatly diminished) rental income) (PP from (NP tourism)))))))) .)) (TOP (S (NP-SBJ-1 (NP Durable goods orders) (PP for (NP September)) , (ADJP due (ADVP out) (NP-TMP tomorrow)) ,) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP show (NP (NP a slip) (PP of (NP 1 %)) , (PP compared (PP with (NP (NP August 's) (ADJP 3.9 %) increase))))))))) .)) (TOP (S (PP As (ADJP usual)) , (NP-SBJ-1 (NP estimates) (PP on (NP the fickle report))) (VP are (ADJP-PRD wide) , (S-ADV (NP-SBJ *-1) (VP running (PP-DIR (PP from (NP (NP a drop) (PP of (NP 3.5 %)))) (PP to (NP (NP a gain) (PP of (NP 1.6 %)))))))) .)) (TOP (S (NP-SBJ HASTINGS MANUFACTURING Co.) (VP declared (NP (NP (NP (NP a regular quarterly dividend) (PP of (NP (NP 10 cents) (NP-ADV a share)))) and (NP (NP an extra dividend) (PP of (NP (NP five cents) (NP-ADV a share))))) (PP on (NP its common stock)) , (ADJP payable (NP-TMP Dec. 15) (PP to (NP (NP shares) (PP of (NP record)) (NP-TMP Nov. 17)))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP the 11th consecutive quarter) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ the company) (VP has (VP paid (NP shareholders) (NP (NP an extra dividend) (PP of (NP five cents))) (PP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Hastings , Mich. ,) concern) (VP makes (NP (NP piston rings) , (NP filters) and (NP fuel pumps))) .)) (TOP (S (NP-SBJ (NP Vickers PLC) , (NP a United Kingdom defense and engineering company) ,) (VP said (SBAR 0 (S (NP-SBJ (NP an investment unit) (VP controlled (NP *) (PP by (NP-LGS New Zealand financier Ron Brierley)))) (VP raised (NP (NP its stake) (PP-LOC in (NP the company))) (NP-TMP Friday) (PP-DIR to (NP 15.02 %)) (PP-DIR (PP from (NP (QP about 14.6) %) (NP-TMP Thursday)) and (PP from (NP 13.7 %) (NP-TMP the previous week))))))) .)) (TOP (S (NP-SBJ (NP I.E.P. Securities Ltd.) , (NP (NP a unit) (PP of (NP (NP Mr. Brierley 's) (ADVP Hong Kong-based) Industrial Equity (PRN -LRB- Pacific -RRB-) Ltd.))) ,) (VP boosted (NP (NP its holdings) (PP-LOC in (NP Vickers))) (PP-DIR to (NP (QP 38.8 million) shares))) .)) (TOP (S (NP-SBJ The latest purchase) (VP follows (NP (NP small increases) (PP-LOC in (NP his holdings)) (VP made (NP *) (PP-TMP over (NP the past five months))))) .)) (TOP (S (PP-TMP In (NP May)) , (NP-SBJ-1 (NP Mr. Brierley 's) stake) (VP shrank (PP-DIR to (NP 8.7 %)) (SBAR-TMP after (S-NOM (NP-SBJ *-1) (VP ranging (PP-LOC-CLR between (NP (NP 9 %) and (NP 11 %))) (PP-TMP for (NP (NP much) (PP of (NP the previous year)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Ron Brierley) (ADVP clearly) (VP views (NP our company) (PP-CLR as (NP a good investment)))) , '' (NP-SBJ a Vickers spokesman) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-1 The spokesman) (VP refused (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP speculation (SBAR that (S (NP-SBJ Industrial Equity) (VP might (VP use (NP its interest) (PP-CLR as (NP (NP a platform) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP launch (NP (NP a hostile bid) (PP for (NP the company))) (ADVP *T*-2))))))))))))))))) .)) (TOP (S (NP-SBJ Vickers) (VP (VP makes (NP (NP (NP tanks) (PP for (NP the U.K. army))) , (NP Rolls Royce cars) ,)) and (VP has (NP (ADJP marine and medical) businesses))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ-2 Rune Andersson) (VP set (ADVP-CLR out) (S-CLR (NP-SBJ *-2) (VP to (VP revive (NP flagging Swedish conglomerate Trelleborg AB)))) (PP-TMP in (NP the early 1980s)) (ADVP-TMP *T*-1)))) , (NP-SBJ he) (VP spurned (NP (NP the advice) (PP of (NP trendy management consultants)))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 All these consultants) (VP kept (VP coming (ADVP-CLR around) (S-ADV (NP-SBJ *-1) (VP telling (NP us) (SBAR 0 (S (NP-SBJ we) (VP should (VP (VP concentrate (PP-CLR on (NP (NP high technology) , (NP electronics) or (NP biotechnology)))) , and (VP get (ADVP-CLR out (PP of (NP mature basic industries))))))))))))) , '' (NP-SBJ Mr. Andersson) (VP recalls (S *T*-2)) .)) (TOP (S Yet (PP-LOC under (NP its 45-year-old president)) , (NP-SBJ-1 Trelleborg) (VP moved (ADVP-MNR aggressively) (PP-DIR into (NP those unfashionable base industries)) -- (S-ADV (ADVP-TMP first) (NP-SBJ *-1) (VP (VP strengthening (NP its existing rubber and plastics division)) , (VP (ADVP-TMP later) adding (NP (NP mining) (CONJP as well as) (NP building and construction materials)))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD a gutsy move) (PP for (NP (NP a little-known executive) , (VP fired (NP *) (PP-TMP after (NP (NP (QP only two) months) (PP as (NP (NP president) (PP of (NP his previous company)))))))))) .)) (TOP (S But (S-NOM-SBJ (NP-SBJ *) (VP going (PP against (NP the grain)))) (VP has (ADVP-TMP never) (VP bothered (NP Mr. Andersson))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Stroking (NP his trademark white goatee) (PP-TMP during (NP a recent interview)))) , (NP-SBJ-1 the diminutive Swede) (VP quips : `` (S (NP-SBJ-2 It) (VP turned (PRT out) (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD lucky) (PP for (NP us)))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the whole market) (VP thinks (SBAR 0 (S (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ you) (VP 're (VP doing (NP *T*-1))))) (VP is (ADJP-PRD crazy))))))) (NP-SBJ you) (VP do n't (VP have (NP much competition))) . '')) (TOP (S (NP-SBJ-1 Mr. Andersson) (VP is (ADJP-PRD anxious (S (NP-SBJ *-1) (VP to (VP strengthen (NP (NP Trelleborg 's) balance sheet)))))) .)) (TOP (S (ADVP Characteristically) , (NP-SBJ-1 he) (VP did n't (VP waste (NP much time) (S-CLR (NP-SBJ-2 *-1) (VP getting (VP started (NP *-2)))))) .)) (TOP (S (PP-TMP On (NP Tuesday)) , (NP-SBJ (NP Trelleborg 's) directors) (VP announced (NP plans (S (NP-SBJ *) (VP to (VP spin (PRT off) (NP (NP two big divisions) -- (NP (NP minerals processing) , and (NP building and distribution)) --) (PP-CLR as (NP (NP (ADJP separately quoted) companies) (PP-LOC on (NP (NP Stockholm 's) Stock Exchange))))))))) .)) (TOP (S (S-TPC-3 (PP-LOC At (NP current market prices)) , (NP-SBJ (NP the twin public offerings) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP completed (NP *-1) (NP-TMP next year))))))) (VP would (VP add (NP (NP an estimated (QP 2.5 billion) Swedish kronor) (PRN -LRB- (NP (QP $ 386 million) *U*) -RRB-)) (PP-CLR to (NP (NP Trelleborg 's) coffers))))) , (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-1 The board) (VP had (ADVP also) (VP been (VP expected (S (NP-SBJ *-1) (VP to (VP approve (NP (NP a (QP SKr1.5 billion) international offering) (PP of (NP new Trelleborg shares))))))))) .)) (TOP (S But (S-TPC-2 (NP-SBJ-1 (NP that share issue) -- (VP intended (S (NP-SBJ *) (VP to (VP make (S (NP-SBJ Trelleborg) (ADJP-PRD better known) (PP-LOC among (NP international investors))))))) --) (VP was (VP postponed (NP *-1) (SBAR-TMP until (S (NP-SBJ market conditions) (VP stabilize)))))) , (NP-SBJ (NP people) (ADJP familiar (PP with (NP the situation)))) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Trelleborg 's) (ADJP internationally traded) `` Bfree '' series stock) (VP plunged (NP-EXT (NP SKr29) (PRN -LRB- (NP $ 4.48 *U*) -RRB-)) (PP-DIR to (NP (NP SKr205) (PRN -LRB- (NP $ 31.65 *U*) -RRB-))) (PP-LOC in (NP volatile trading)) (NP-TMP Monday) (PP-LOC in (NP Stockholm))) .)) (TOP (S (NP-TMP Tuesday) , (NP-SBJ-1 the shares) (VP regained (NP SKr20) , (S-ADV (NP-SBJ *-1) (VP closing (PP-CLR at (NP SKr225))))) .)) (TOP (S (NP-SBJ Mr. Andersson) (VP says (SBAR 0 (S (NP-SBJ he) (VP is (ADJP-PRD confident (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP taking (S (NP-SBJ (NP parts) (PP of (NP the company))) (ADJP-PRD public)))) (VP will (VP help (S (NP-SBJ *) (VP erase (NP (NP the `` conglomerate stigma '') (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP held (ADVP-CLR down) (NP (NP Trelleborg 's) share price))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Trelleborg) (VP plans (S (NP-SBJ *-1) (VP to (VP remain (NP-PRD (NP the dominant shareholder) (PP with (NP (NP stakes) (PP of (NP (NP slightly less) (PP than (NP (NP 50 %) (PP of (NP both units))))))))))))) .)) (TOP (S (NP-SBJ The spinoff) (VP should (VP solve (NP a problem) (PP for (NP the parent)))) .)) (TOP (S (NP-SBJ (NP A family foundation) (VP set (NP *) (PRT up) (PP by (NP-LGS late founder Henry Dunker)))) (VP controls (NP (NP 59 %) (PP of (NP (NP (NP Trelleborg 's) voting shares) (ADJP outstanding))))) .)) (TOP (S But (NP-SBJ the foundation bylaws) (VP require (S (NP-SBJ-2 the entire Trelleborg stake) (VP to (VP be (VP sold (NP *-2) (PP-LOC in (NP the open market)) (SBAR-ADV if (S (NP-SBJ control) (VP drops (PP-DIR below (NP 50 %)))))))))) .)) (TOP (S (NP-SBJ That possibility) (VP had (VP crept (ADVP-DIR closer) (SBAR-TMP as (S (NP-SBJ (NP repeated new share offerings) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP finance (NP (NP Trelleborg 's) rapid growth)))))) (ADVP-MNR steadily) (VP diluted (NP (NP the foundation 's) holding)))))) .)) (TOP (S (NP-SBJ That growth) (VP is (NP-PRD (NP the result) (PP of (NP (NP (NP Mr. Andersson 's) shopping spree) , (SBAR (WHPP-1 during (WHNP which)) (S (NP-SBJ he) (VP has (VP bought and sold (NP (QP more than 100) companies) (PP-TMP during (NP the past five years)) (PP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP the new additions))) (VP were (UCP-PRD (ADJP barely profitable) , (CONJP if not) (NP outright loss makers))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Applying (NP (NP prowess) (VP gained (NP *) (PP-TMP during (NP (NP earlier stints) (PP-LOC at (NP appliance maker AB Electrolux)))))))) , (NP-SBJ-1 (NP Mr. Andersson) and (NP (NP a handful) (PP of (NP loyal lieutenants)))) (VP (VP (ADVP-MNR aggressively) stripped (ADVP-CLR away) (NP dead wood)) -- and (VP got (NP quick results))) .)) (TOP (S (NP-SBJ The treatment) (VP turned (NP-PRD Trelleborg) (PP-CLR into (NP (NP one) (PP of (NP (NP Scandinavia 's) (ADJP biggest and fastest-growing) industrial concerns))))) .)) (TOP (S (PP-TMP Between (NP 1985 and 1988)) , (S (NP-SBJ sales) (VP multipled (ADVP-CLR (QP more than 10) times))) and (S (NP-SBJ pretax profit) (VP surged (ADVP-CLR almost twelvefold))) .)) (TOP (S (NP-SBJ Many analysts) (VP expect (S (NP-SBJ-1 (NP Mr. Andersson) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP owns (NP (NP 1.7 %) (PP of (NP the company)))))) ,) (VP to (VP be (VP named (S (NP-SBJ *-1) (NP-PRD (NP Trelleborg 's) new chairman)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ Ernst Herslow) (VP steps (ADVP-CLR down) (NP-TMP next year) (ADVP-TMP *T*-3))))))))) .)) (TOP (S But (NP-SBJ-2 the promotion) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP alter (NP (NP a management style) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Andersson) (VP describes (NP *T*-1) (PP-CLR as `` (S-NOM (NP-SBJ-3 *) (VP (VP being (NP-PRD (NP the driving force) (VP leading (NP the troops)))) , not (VP managing (PP-MNR by (S-NOM (NP-SBJ-4 *-3) (VP sitting (ADVP-CLR back) (PP with (NP a cigar)) (S-ADV (NP-SBJ *-4) (VP waiting (SBAR for (S (NP-SBJ people) (VP to (VP bring (NP me) (NP ideas))))))))))))))))))))))) . '')) (TOP (S (NP-TMP Last month) , (PP-LOC in (NP (NP his boldest move) (ADVP-TMP yet))) , (NP-SBJ (NP Mr. Andersson) and (NP Trelleborg)) (VP joined (NP forces) (PP-CLR with (NP (NP Canada 's) Noranda Inc.)) (PP-LOC in (NP (NP a joint (ADJP (QP $ 2 billion) *U*) hostile takeover) (PP of (NP (NP another big Canadian mining concern) , (NP Falconbridge Ltd)))))) .)) (TOP (S (NP-SBJ Industry analysts) (VP suggest (SBAR that (S (NP-SBJ (NP the conquest) (PP of (NP Falconbridge))) (VP could (VP vault (NP Trelleborg) (PP-DIR from (NP a regional Scandinavian success story)) (PP-DIR to (NP a world-class mining concern))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Trelleborg) (VP is n't (PP-LOC-PRD in (NP (NP the same league) (PP *ICH*-2))) (ADVP-TMP yet) (PP-2 as (NP (NP mining giants) (PP such as (NP (NP RTZ Corp.) or (NP Anglo-American Corp.))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mike Kurtanjek) , (NP (NP a mining analyst) (PP-LOC at (NP (NP James Capel & Co.) , (NP-LOC London))))) .)) (TOP (S `` But (NP-SBJ we) (ADVP certainly) (VP like (SBAR-NOM (WHNP-1 what) (S (NP-SBJ we) (VP 've (VP seen (NP *T*-1) (ADVP-TMP so far)))))) . '')) (TOP (S But (NP-SBJ Trelleborg) (ADVP-TMP still) (VP must (VP clear (NP some tough hurdles))) .)) (TOP (S (NP-SBJ Mr. Andersson) (VP acknowledges (SBAR that (S (NP-SBJ-1 (NP the company 's) mining division) `` (VP will (VP be (ADJP-PRD busy) (PP-TMP for (NP a while)) (S-ADV (NP-SBJ *-1) (VP digesting (NP its recent expansion)))))))) . '')) (TOP (S (NP-SBJ-1 Booming metals prices) (VP have (VP fueled (NP (NP Trelleborg 's) recent profit surge) , (S-ADV (NP-SBJ *-1) (VP raising (NP (NP (NP mining 's) share) (PP of (NP pretax profit))) (PP-DIR to (NP 68 %)) (NP-TMP this year) (PP-DIR from (NP a big loss) (ADVP-TMP (NP two years) earlier)))))) .)) (TOP (S But (NP-SBJ analysts) (VP caution (SBAR 0 (S (NP-SBJ (NP an expected fall) (PP-LOC in (NP metal prices)) (NP-TMP next year)) (VP could (VP slow (NP profit growth)))))) .)) (TOP (S (NP-SBJ-1 Mining) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP remain (NP-PRD (NP Trelleborg 's) main business)))))) .)) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ (NP its chances) (PP of (NP success))) (VP will (ADVP likely) (VP hinge (PP-CLR on (SBAR-NOM (WHADVP-1 how well) (S (NP-SBJ-2 Trelleborg) (VP manages (S (NP-SBJ *-2) (VP to (VP cooperate (PP-CLR with (NP Noranda)) (PP-LOC in (NP the Falconbridge venture))))) (ADVP-MNR *T*-1)))))))))) .)) (TOP (S (NP-SBJ Noranda and Trelleborg) each (VP came (ADJP-PRD close (PP to (S-NOM (NP-SBJ *) (VP winning (NP (NP Falconbridge) (ADVP alone)))))) (PP-TMP before (NP the successful joint bid))) .)) (TOP (S (NP-SBJ Some analysts) (VP say (SBAR (SBAR 0 (S (NP-SBJ-1 Noranda) (VP would (VP prefer (S (NP-SBJ *-1) (VP to (VP break (PRT up) (NP Falconbridge)))))))) , and (SBAR that (S (NP-SBJ-2 (NP the Swedes) -- (ADJP relatively inexperienced (PP in (NP international mining operations))) --) (VP could (VP have (NP problems) (S-CLR (NP-SBJ *-2) (VP holding (NP their own) (PP with (S-NOM (NP-SBJ (NP a (ADJP much bigger) partner) (PP like (NP Noranda))) (VP operating (PP-LOC on (NP its home turf))))))))))))) .)) (TOP (S (NP-SBJ Mr. Andersson) (VP insists (SBAR that (S (NP-SBJ Trelleborg and Noranda) (VP have n't (VP discussed (NP a Falconbridge break-up)))))) .)) (TOP (S-1 (NP-SBJ-2 Falconbridge) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (VP will (VP continue (S (NP-SBJ *-2) (VP operating (PP in (NP its current form)))))) .)) (TOP (S `` (NP-SBJ-1 We) (VP 'd (VP be (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP accept (NP (NP 50-50 ownership) (PP-LOC in (NP a manufacturing company))))))))) .)) (TOP (S (S-TPC-2 But (NP-SBJ such partnerships) (VP are (ADJP-PRD common) (PP-LOC in (NP (NP mining) , (SBAR (WHADVP-1 where) (S (NP-SBJ there) (VP are n't (NP-PRD (NP problems) or (NP (NP conflict) (PP of (NP interest))) or (NP (NP risk) (PP of (NP (NP cheating) (PP by (NP a partner)))))) (ADVP-LOC *T*-1)))))))) , '' (NP-SBJ (NP Trelleborg 's) president) (VP says (S *T*-2)) .)) (TOP (S (S-ADV (NP-SBJ *) (ADJP-PRD (ADVP Perhaps) more important)) , (NP-SBJ both companies) (VP share (NP (NP (NP Mr. Andersson 's) belief) (PP in (NP (NP the coming renaissance) (PP of (NP base industries)))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ the 1980s) (VP were (NP-PRD (NP a decade) (PP of (NP consumption)))))) , (NP-SBJ the '90s) (VP will (VP be (NP-PRD the investment decade)))) , '' (NP-SBJ Mr. Andersson) (VP says (S *T*-1)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The whole) (PP of (NP (NP Europe) and (NP the industrialized world)))) (VP is (VP suffering (PP-CLR from (NP (NP a breakdown) (PP-LOC in (NP infrastructure investment))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ-1 That) (VP 's (VP beginning (S (NP-SBJ *-1) (VP to (VP change))))) .)) (TOP (S And (NP-SBJ investment) (VP is (NP-PRD the key word) (PP for (NP (NP base metals) , and (NP (NP most other businesses) (SBAR (WHNP-1 0) (S (NP-SBJ Trelleborg) (VP is (PP-LOC-PRD in (NP *T*-1))))))))) .)) (TOP (S (NP-SBJ Apple Computer Inc.) (VP posted (NP improved fiscal fourth-quarter profit) (ADVP-PRP due largely (PP to (NP (NP a (ADJP (QP $ 48 million) *U*) gain) (PP-LOC on (NP (NP the sale) (PP of (NP (NP its stock) (PP-LOC in (NP Adobe Systems Inc)))))))))) .)) (TOP (S (PP Excluding (NP the gain)) , (NP-SBJ the company) (VP registered (NP (NP a modest (ADJP 4.6 %) increase) (PP for (NP (NP the quarter) (VP ended (NP-TMP Sept. 29)))) (PP to (NP (NP (QP $ 113 million) *U*) , or (NP (NP 87 cents) (NP-ADV a share)))) , (PP from (NP (NP the year-earlier (QP $ 107.9 million) *U*) , or (NP (NP 84 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ (NP Proceeds) (PP of (NP the Adobe sale))) (VP brought (NP (NP net income) (PP-TMP in (NP the quarter))) (PP to (NP (NP (QP $ 161.1 million) *U*) , or (NP (NP $ 1.24 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ-1 Apple shares) (VP fell (NP-EXT 75 cents) (PP-LOC in (NP over-the-counter trading)) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP $ 48 *U*) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ Fiscal fourth-quarter sales) (VP grew (NP-EXT (QP about 18) %) (PP-DIR to (NP (QP $ 1.38 billion) *U*)) (PP-DIR from (NP (QP $ 1.17 billion) *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (PP Without (NP the Adobe gain)) , (NP-SBJ (NP Apple 's) full-year operating profit) (VP edged (ADVP-CLR up (NP 1.5 %)) (PP-DIR to (NP (NP (QP $ 406 million) *U*) , or (NP (NP $ 3.16 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 400.3 million) *U*) , or (NP (NP $ 3.08 *U*) (NP-ADV a share))))) .)) (TOP (S (PP Including (NP the Adobe gain)) , (NP-SBJ full-year net) (VP was (NP-PRD (NP (QP $ 454 million) *U*) , or (NP (NP $ 3.53 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP the year))) (VP rose (NP-EXT (QP nearly 30) %) (PP-DIR to (NP (QP $ 5.28 billion) *U*)) (PP-DIR from (NP (NP (QP $ 4.07 billion) *U*) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ (NP John Sculley) , (NP (NP chairman) and (NP chief executive officer)) ,) (VP credited (NP (NP the Macintosh SE/30 and IIcx computers) , (VP introduced (NP *) (PP-TMP in (NP the winter))) ,) (PP for (NP the brightened sales performance))) .)) (TOP (S (NP-SBJ Mr. Sculley) (ADVP also) (VP indicated (SBAR that (S (NP-SBJ-2 (NP sagging margins) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP dogged (NP the company) (PP-TMP through (NP (NP most) (PP of (NP 1989))))))) ,) (VP began (S (NP-SBJ *-2) (VP to (VP turn (ADVP-CLR up) (PP-TMP in (NP the fourth quarter)) (SBAR-TMP as (S (NP-SBJ chip prices) (VP eased)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP Adverse pressure) (PP-LOC on (NP gross margins))) ... (VP has (VP subsided))) , '' (NP-SBJ Mr. Sculley) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-1 Margins) (PP-TMP in (NP the fiscal fourth quarter)) (VP perked (PRT up) , (S-ADV (NP-SBJ *-1) (VP rising (PP-DIR to (NP 51 %)) (PP-DIR from (NP 49.2 %) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (PP For (NP (NP all) (PP of (NP fiscal 1989)))) , (ADVP however) , (NP-SBJ the average gross margin) (VP was (NP-PRD (NP 49 %) , (PP-LOC below (NP (NP the average 1988 gross margin) (PP of (NP 51 %)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Lower component costs) -- (PP (ADVP especially) for (NP (NP DRAMs) , or (NP dynamic random access memory chips))) --) (VP were (VP cited (NP *-1) (PP-CLR for (NP (NP the easing) (PP of (NP (NP margin pressure) (PP-LOC on (NP the company))))))))) , (NP-SBJ a spokeswoman) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Looking (ADVP-CLR ahead) (PP-DIR to (NP 1990)))) , (NP-SBJ-1 Mr. Sculley) (VP predicted `` (NP (NP another year) (PP of (NP significant revenue growth)) , '' (ADVP along (PP with (NP improved profitability))) , (SBAR-TMP as (S (NP-SBJ (NP the recovery) (PP-LOC in (NP gross margins))) (VP continues (PP-DIR into (NP 1990))))))) .)) (TOP (S (NP-SBJ-1 (NP Gary J. Schantz) , (ADJP (NP 44 years) old) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP president) and (NP chief operating officer))))) .)) (TOP (S (NP-SBJ Polymerix) (VP makes (NP (NP lumber-like materials) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP describes (NP *T*-1) (PP-CLR as `` (NP plastic wood))))))) . '')) (TOP (S (NP-SBJ (NP The operating chief 's) post) (VP is (ADJP-PRD new)) .)) (TOP (S (NP-SBJ-1 (NP Martin Schrager) , (NP 51) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP had (VP been (NP-PRD president))))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD vice chairman)))) .)) (TOP (S (NP-SBJ He) (VP remains (NP-PRD chief executive officer)) .)) (TOP (S (NP-SBJ Mr. Schantz) (VP was (NP-PRD (NP (NP vice president) and (NP chief operating officer)) (PP of (NP (NP the Acrylic division) (PP of (NP Polycast Technology Corp)))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ the board) (VP expanded (PP-DIR to (NP six members)) (PP with (NP (NP the election) (PP of (NP (NP David L. Holewinski) , (NP a consultant)))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP privately) (VP placed (NP stock and warrants) (PP in (NP (NP exchange) (PP for (NP $ 750,000 *U*)))))))) .)) (TOP (S (NP-SBJ-1 (NP Terry L. Haines) , formerly (NP (NP general manager) (PP of (NP Canadian operations))) ,) (VP was (VP elected (NP *-1) (PP-CLR to (NP (NP the new position) (PP of (NP (NP vice president) , (NP North American sales) , (PP of (NP this plastics concern)))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ-1 (NP Larry A. Kushkin) , (NP (NP executive vice president) , (NP North American operations)) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP head) (PP of (NP (NP the company 's) international automotive operations))) , (NP another new position))))) .)) (TOP (S-1 (S (NP-SBJ He) (VP remains (NP-PRD an executive vice president))) (PRN , (S (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1)))) ,) and (S (NP-SBJ his new position) (VP reflects `` (NP (NP the growing importance) (PP of (NP the world automotive market)) (PP as (NP (NP a market) (PP for (NP (NP A. Schulman 's) high performance plastic materials))))))) . '')) (TOP (S (S-TPC-2 (S (NP-SBJ Gordon Trimmer) (VP will (VP succeed (NP Mr. Haines) (PP-CLR as (NP (NP manager) (PP of (NP Canadian operations))))))) , and (S (NP-SBJ-1 (NP Mr. Kushkin 's) former position) (VP is n't (VP being (VP filled (NP *-1) (PP-TMP at (NP this time))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ General Electric Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP (NP a contract) (PP *ICH*-3)) (PP with (NP (NP the developers) (PP of (NP the Ocean State Power project)))) (PP-3 for (NP (NP the second phase) (PP of (NP (NP an independent (ADJP (QP $ 400 million) *U*) power plant) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP being (VP built (NP *-1) (PP-LOC in (NP (NP Burrillville) , (NP R.I)))))))))))))))) .)) (TOP (S (NP-SBJ (NP GE) , (ADVP along (PP with (NP (NP a division) (PP of (NP (NP Ebasco) , (NP (NP a subsidiary) (PP of (NP Enserch Corp.)))))))) ,) (VP have (VP been (VP building (NP (NP the first 250-megawatt phase) (PP of (NP the project)) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 they) (VP expect (S (NP-SBJ *-1) (VP to (VP complete (NP *T*-2) (PP-TMP in (NP late 1990)))))))))))) .)) (TOP (S (NP-SBJ-1 The second portion) (VP will (VP be (VP completed (NP *-1) (NP-TMP the following year)))) .)) (TOP (S (NP-SBJ (NP GE 's) Power Generation subsidiary) (VP will (VP operate and maintain (NP the plant) (PP-TMP upon (NP its completion)))) .)) (TOP (S (NP-SBJ The Environmental Protection Agency) (VP is (VP getting (NP a lot) (PP-CLR out (PP of (NP the Superfund program))))) .)) (TOP (S (S-TPC-1 (PP-TPC-2 Of (NP (NP the (QP $ 4.4 billion) *U*) (VP spent (NP *) (ADVP-TMP so far) (PP-CLR on (NP the program))))) , (NP-SBJ (NP 60 %) (PP *T*-2)) (VP is (VP going (PP-CLR for (NP (NP administrative costs) , (NP management) and (NP research)))))) , (NP-SBJ (NP the Office) (PP of (NP Technology Assessment))) (ADVP just) (VP reported (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (QP Only 36 of 1,200) priority cleanup sites) (VP have (VP been `` (VP decontaminated (NP *-1)))) . '')) (TOP (S (PP-TMP Over (NP the next 50 years)) , (NP-SBJ-2 (QP $ 500 billion) *U*) (VP is (VP earmarked (NP *-2) (PP-CLR for (NP the program)))) .)) (TOP (S (PP At (NP current allocations)) , (NP-SBJ that) (VP means (SBAR 0 (S (NP-SBJ EPA) (VP will (VP be (VP spending (NP (QP $ 300 billion) *U*) (PP-CLR on (NP itself)))))))) .)) (TOP (S (NP-SBJ It) (VP may not (VP be (ADJP-PRD toxic))) , but (S (NP-SBJ we) (VP know (SBAR (WHADVP-1 where) (S (NP-SBJ one waste dump) (VP is (ADVP-LOC-PRD *T*-1)))))) .)) (TOP (S (NP-SBJ Chambers Development Co.) (VP said (SBAR 0 (S (NP-SBJ its Security Bureau Inc. unit) (VP purchased (NP (NP two security concerns) (PP-LOC in (NP Florida)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP add (NP (NP (QP $ 2.1 million) *U*) (PP of (NP annual revenue)))))))))))) .)) (TOP (S (NP-SBJ (NP Purchase) (PP of (NP (NP the businesses) (VP serving (NP (NP (NP Miami) , (NP Fort Lauderdale) and (NP West Palm Beach)) , (NP-LOC Fla.) ,))))) (VP is (NP-PRD (NP part) (PP of (NP (NP a plan (S *ICH*-1)) (PP by (NP Chambers)) (S-1 (NP-SBJ *) (VP to (VP expand (PP-LOC in (NP the growing security industry))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Basf AG) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP moved (NP-1 (NP its headquarters) (PP for (NP Latin America))) (PP-DIR-2 to (NP Mexico))) and (VP (NP=1 (NP the headquarters) (PP for (NP the Asia/Australia regional division))) (PP-DIR=2 to (NP Singapore))) , (S-ADV (NP-SBJ *) (ADJP-PRD effective) (NP-TMP Oct)))))) .)) (TOP (S (NP-SBJ-1 (NP The central offices) (PP for (NP both regions))) (VP were (ADVP-TMP previously) (VP located (NP *-1) (PP-LOC-CLR in (NP (NP Ludwigshafen) , (NP Basf headquarters))))) .)) (TOP (S (NP-SBJ The (ADJP West German) chemical concern) (VP called (S (NP-SBJ the moves) (NP-PRD (NP a further step) (PP-LOC in (NP (NP the internationalization) (PP of (NP its business activities))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Both regions) (VP are (NP-PRD (NP the fastest-growing areas) (PP for (NP Basf))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP David H. Eisenberg) , (ADJP (NP 53 years) old) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP president) and (NP chief operating officer)) (PP of (NP (NP (NP Imasco 's) 500-store Peoples Drug Stores Inc. unit) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Alexandria) , (NP-LOC Va)))))))))) .)) (TOP (S (NP-SBJ Mr. Eisenberg) (VP was (NP-PRD (NP senior executive vice president) and (NP chief operating officer))) .)) (TOP (S (NP-SBJ Imasco) (VP is (NP-PRD a tobacco , retailing , restaurant and financial services concern)) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Lotus Development Corp.) (VP is (PP-LOC-PRD in (NP talks)) (S-PRP (NP-SBJ *-1) (VP to (VP sell (NP its Signal stock-quote service) (PP-CLR to (NP (NP Infotechnology Inc.) , (NP (NP the New York parent) (PP of (NP Financial News Network)))))))))) , (NP-SBJ (NP people) (ADJP familiar (PP with (NP the negotiations)))) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ They) (VP said (SBAR 0 (S (NP-SBJ the price) (VP would (VP be (NP-PRD (QP around $ 10 million) *U*)))))) .)) (TOP (S (NP-SBJ (NP Signal) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP (VP has (NP an estimated 10,000 subscribers)) and (VP is (ADJP-PRD profitable))))) ,) (VP provides (NP stock quotes) (PP-LOC over (NP (NP an FM radio band) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP can (VP be (VP received (NP *-1) (PP by (NP-LGS (ADJP specially equipped) personal computers)))))))))) .)) (TOP (S (NP-SBJ The computers) (VP will (VP display (NP (NP stock prices) (VP selected (NP *) (PP by (NP-LGS users)))))) .)) (TOP (S (NP-SBJ-1 (NP Lotus) , (NP-LOC (NP Cambridge) , (NP Mass.)) ,) (VP has (VP been (VP rumored (S (NP-SBJ *-1) (VP to (VP have (NP (NP the sale) (PP of (NP the four-year-old unit))) (PP-CLR under (NP consideration)) (PP-TMP for (NP a year)))))))) .)) (TOP (S (NP-SBJ The business) (VP is n't (ADJP-PRD related (PP to (NP (NP (NP Lotus 's) main businesses) (PP of (S-NOM (NP-SBJ *) (VP (VP making (NP computer software)) and (VP publishing (NP information) (PP-CLR on (NP compact disks)))))))))) .)) (TOP (SINV `` (S-TPC-1 (INTJ Please) (NP-SBJ *) (VP submit (NP your offers))) , '' (VP says (S *T*-1)) (NP-SBJ Felipe Bince Jr) .)) (TOP (S (NP-SBJ He) (VP surveys (NP (NP the prospective investors) (VP gathered (NP *) (PP-LOC-CLR in (NP (NP the board room) (PP of (NP (NP the Philippine government 's) Asset Privatization Trust)))) (PP-PRP for (NP (NP the sale) (PP of (NP (NP a (ADJP 36 %) interest) (PP-LOC in (NP (NP the country 's) largest paper mill))))))))) .)) (TOP (S (NP-SBJ The agency) (VP expects (S (NP-SBJ the bids) (VP to (VP be (ADJP-PRD equivalent (PP of (NP (QP more than $ 80 million) *U*))))))) .)) (TOP (S (NP-SBJ-1 (QP Not a) peso) (VP is (VP offered (NP *-1))) .)) (TOP (S (NP-SBJ (NP Mr. Bince) , (NP (NP the trust 's) associate executive trustee)) , (VP declares (S (NP-SBJ the bidding) (NP-PRD a failure))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (VP getting (ADJP-PRD harder) (S-1 (NP-SBJ *) (VP to (VP sell)))))) , '' (NP-SBJ he) (VP mutters (S *T*-2) (SBAR-TMP as (S (NP-SBJ he) (VP leaves (NP the room))))) .)) (TOP (S (INTJ Indeed) . (ADVP-TMP Recently) , (NP-SBJ-1 the trust) (VP failed (S (NP-SBJ *-1) (VP to (VP auction (ADVP-CLR off) (NP (NP the paper mill) , (NP a bank) , (NP an office building) and (NP a small cotton-ginning plant)))))) .)) (TOP (S (PP Of (NP the four)) , (NP-SBJ only (NP the bank) and (NP the plant)) (VP drew (NP (NP bids) -- (NP (NP one) (ADVP apiece)))) .)) (TOP (S (PP-TMP In (NP October 1987)) , (NP-SBJ President Corazon Aquino) (VP vowed (SBAR that (S (NP-SBJ-1 her government) (VP would (VP `` get (ADVP-CLR out (PP of (NP business))) '' (PP-MNR by (S-NOM (NP-SBJ *-1) (VP selling (NP (NP all or part) (PP of (NP (NP (NP the state 's) holdings) (PP-LOC in (NP (NP the many companies) (VP taken (NP *) (PRT over) (PP by (NP-LGS the government)) (PP-TMP during (NP (NP the 20-year rule) (PP of (NP Ferdinand Marcos)))))))))))))))))) .)) (TOP (S (ADVP-TMP (NP Two years) later) , (NP-SBJ (NP Mrs. Aquino 's) promise) (VP remains (ADJP-PRD largely unfulfilled)) .)) (TOP (S (NP-SBJ October) (VP is (NP-PRD a critical month) (PP for (NP the privatization program))) .)) (TOP (S (NP-SBJ-1 Manila) (VP (VP is (VP offering (NP several major assets) (PP-TMP for (NP the first time)))) and (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP conclude (NP (NP sales) (VP (ADVP-TMP already) arranged (NP *))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-2 the government) (VP is (VP scheduled (S (NP-SBJ *-2) (VP to (VP unveil (NP (NP plans) (PP for (NP (S-NOM (NP-SBJ *) (VP privatizing (NP (NP Philippine Airlines) , (NP the national carrier)))) , (NP (NP an effort) (SBAR (WHNP-1 that) (S (NP-SBJ lawyer and business columnist Rodolfo Romero) (VP calls (S (NP-SBJ *T*-1) `` (NP-PRD (NP the bellwether) (PP of (NP privatization)))))))))))))))) . '')) (TOP (S (S-ADV (NP-SBJ-1 All) (VP told (NP *-1))) , (NP-SBJ there) (VP are (NP-PRD (NP (NP assets) (PP-LOC on (NP the line))) (VP valued (NP *) (PP-CLR at (NP (QP up to $ 1.03 billion) *U*))))) .)) (TOP (S (NP-SBJ-1 The privatization program) (VP is (VP designed (S (NP-SBJ *-1) (VP (VP to (VP rid (NP the government) (PP-CLR of (NP (NP hundreds) (PP of (NP assets)))))) and (VP to (VP raise (NP (ADJP critically needed) funds))))))) .)) (TOP (S (NP-SBJ-1 (NP Much) (PP of (NP (NP the money) (PP from (NP the sales))))) (VP is (VP earmarked (NP *-1) (PP-CLR for (NP a multibillion-dollar agrarian-reform program)))) .)) (TOP (S But (NP-SBJ-1 efforts) (VP have (VP been (VP thwarted (NP *-1) (PP by (NP-LGS (NP official indifference) , (NP bureaucratic resistance) , (NP (NP a legal system) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP operates (PP at (NP (NP a snail 's) pace)))))) , (NP political opposition) and (NP government misjudgments)))))) .)) (TOP (S (ADVP-TMP Most recently) , (NP-SBJ-1 (NP a lack) (PP of (NP buyers))) (VP has (VP been (VP added (NP *-1) (PP-CLR to (NP the list))))) .)) (TOP (S (PP Rather than (S-NOM (NP-SBJ *-1) (VP gathering (NP momentum)))) , (NP-SBJ-1 the program) (VP is (PP-LOC-PRD in (NP (NP danger) (PP of (S-NOM (NP-SBJ *) (VP slowing (ADVP-CLR even more) (SBAR-TMP as (S (NP-SBJ the government) (VP tackles (NP several big assets)))))))))) .)) (TOP (S (NP-SBJ-1 The axiom) (VP appears (S (NP-SBJ *-1) (VP to (VP be (SBAR-PRD that (S (FRAG (X the more valuable) (NP the asset)) , (FRAG (X the harder) (NP the privatization process)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ You) (ADVP just) (VP do n't (VP see (S (NP-SBJ a whole lot) (VP happening))))) , '' (VP says (S *T*-1)) (NP-SBJ an international economist) .)) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP be (ADJP-PRD sure)))) , (NP-SBJ the program) (VP has n't (VP (ADVP-MNR completely) stalled)) .)) (TOP (S (NP-SBJ (NP The Asset Privatization Trust) , (NP (NP the agency) (ADJP chiefly responsible (PP for (S-NOM (NP-SBJ *) (VP selling (NP government-held properties)))))) ,) (VP has (VP recorded (NP (NP sales) (PP of (NP (QP more than $ 500 million) *U*))) (SBAR-TMP since (S (NP-SBJ-1 it) (VP began (S (NP-SBJ *-1) (VP functioning)) (PP-TMP in (NP December 1986))))))) .)) (TOP (S But (NP-SBJ its success) (VP has (VP been (ADVP largely) (PP-LOC-PRD in (NP (NP the sale) (PP of (NP (NP small , nonperforming companies) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP are (VP valued (NP *-1) (PP-CLR for (NP their assets)))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Dealing (PP-CLR with (NP the sales)) (NP-TMP this month))) (VP could (VP be (ADJP-PRD particularly challenging) (SBAR-PRP because (S (NP-SBJ (NP (ADJP almost every) problem) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP hobbled (NP the program) (PP-TMP in (NP the past))))))) (VP is (VP popping (PRT up) (ADVP-TMP again))))))) .)) (TOP (S (NP-SBJ (NP Ramon Garcia) , (NP (NP the Asset Trust 's) executive trustee) ,) (VP admits (PP-CLR to (SBAR-NOM (WHNP-1 what) (S (NP-SBJ he) (VP calls (S (NP-SBJ *T*-1) `` (NP-PRD temporary setbacks))))))) . '')) (TOP (S-1 (PP In (NP (NP light) (PP of (NP (NP the poor results) (ADVP-TMP recently))))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the agency) (VP is (VP adopting (NP (NP an `` attitude) (PP of (NP flexibility))))) . '')) (TOP (S (NP-SBJ (NP October 's) troubles) (VP began (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 the trust) (VP failed (S (NP-SBJ *-1) (VP to (VP sell (NP (NP a state-owned commercial bank) , (NP Associated Bank) ,) (PP-CLR for (NP (NP the minimum price) (PP of (NP (NP (QP 671 million) pesos) (PRN -LRB- (NP (QP $ 31 million) *U*) -RRB-)))))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (PP-TMP At (NP (NP the end) (PP of (NP the month)))) , (NP-SBJ the agency) (ADVP-TMP again) (VP will (VP offer (NP the bank))) .)) (TOP (S But (PP instead of (NP a minimum price)) , (NP-SBJ-1 only a target price) (VP will (VP be (VP established (NP *-1)))) .)) (TOP (S (NP-SBJ Bankers) (VP say , (ADVP however) , (SBAR that (S (NP-SBJ-1 the government) (VP may (VP have (NP difficulty) (S-CLR (NP-SBJ *-1) (VP selling (NP the institution) (PP (ADVP even) without (NP a floor price))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The bank) (VP has (NP a negative net worth))) , (NP-SBJ they) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ special bidding rules) (VP give (NP (NP (NP the bank 's) former owner) , (NP Leonardo Ty) ,) (NP the right (S (NP-SBJ *) (VP to (VP match (NP the highest bid)))))) .)) (TOP (S (NP-SBJ Mr. Ty) (VP lost (NP control) (PP-CLR to (NP the government)) (PP-TMP in (NP 1980)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ a government bank) (VP made (NP emergency loans) (PP-CLR to (NP the cash-strapped institution)) (ADVP-TMP *T*-1))))) .)) (TOP (S (PP-TMP In (NP 1983)) , (NP-SBJ-1 the loans) (VP were (VP converted (NP *-1) (PP-CLR into (NP equity)) , (S-ADV (NP-SBJ *) (VP giving (NP Manila) (NP (NP 98 %) (PP of (NP the bank))) , (FRAG but (PP with (NP the understanding (SBAR that (S (NP-SBJ Mr. Ty) (VP had (NP repurchase rights))))))))))) .)) (TOP (S (NP-SBJ His ability (S (NP-SBJ *) (VP to (VP match (NP any bid))))) (VP has (VP scared (ADVP-CLR off) (NP many potential buyers))) .)) (TOP (S (ADVP Separately) , (NP-SBJ-2 the government) (VP will (VP try (ADVP-TMP again) (PP-TMP within (NP a month)) (S (NP-SBJ *-2) (VP to (VP sell (NP (NP the 36 % stake) (PP-LOC in (NP (NP (NP Paper Industries Corp.) (PP of (NP the Philippines))) , or (NP (NP Picop) , (SBAR as (S (NP-SBJ-1 the paper mill) (VP is (VP known (NP *-1)))))))))))))) .)) (TOP (S (NP-SBJ The price) (VP will (VP depend (PP-CLR on (SBAR (WHNP-1 how much) (S (NP-SBJ Picop shares) (VP fetch (NP *T*-1) (PP-LOC on (NP the local stock market)))))))) .)) (TOP (S But (PP according (PP to (NP (NP (NP bankers) and (NP stock analysts)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP studied (NP the paper mill)))))))) , (NP-SBJ price) (VP is n't (NP-PRD the only consideration)) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ it) (VP stands (ADVP-TMP now)))) , (NP-SBJ-2 the government) (VP would (VP continue (S (NP-SBJ *-2) (VP to (VP hold (NP (NP 45 %) (PP of (NP Picop)))))) (SBAR-TMP after (S (NP-SBJ-1 the (ADJP 36 %) stake) (VP is (VP sold (NP *-1))))))) .)) (TOP (S -LRB- (S (NP-SBJ-1 (NP (QP About 7.5) %) (PP of (NP Picop))) (VP is (VP (ADVP-MNR publicly) traded (NP *T*-1)))) and (S (NP-SBJ other shareholders) (VP own (NP (NP the rest) (PP of (NP the equity))))) . -RRB-)) (TOP (S (NP-SBJ-1 (NP Potential buyers) , mostly (NP foreign companies) ,) (VP are (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP take (NP (NP a non-controlling stake) (PP-LOC in (NP (NP a company) (SBAR (WHNP-2 that) , (S (PP by (NP (NP the government 's) own reckoning)) , (NP-SBJ *T*-2) (VP needs (NP (NP (QP some $ 100 million) *U*) (PP in (NP new capital))) (PP-PRP for (NP rehabilitation))))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP The prospect) (PP of (S-NOM (NP-SBJ-1 *) (VP buying (PP-CLR into (NP a cash-hungry company)) (PP without (S-NOM (NP-SBJ *-1) (VP getting (NP management control)))))))) (VP persuaded (NP-2 (NP (QP at least three) foreign buyers) , (PP including (NP (NP a member) (PP of (NP (NP the Elders group) (PP of (NP Australia)))))) ,) (S (NP-SBJ *-2) (VP to (VP pull (ADVP-CLR out (PP of (NP the bidding)))))))) , (NP-SBJ the bankers and analysts) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Mr. Garcia) (VP (VP acknowledges (NP the problem)) and (VP says (SBAR 0 (S (NP-SBJ the Asset Trust) (VP will (VP study (SBAR (SBAR (WHADVP-1 why) (S (NP-SBJ the bidding) (VP failed (ADVP-PRP *T*-1)))) and (SBAR (WHNP-3 what changes) (S (NP-SBJ-2 the agency) (VP may (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP offer (NP *T*-3)))))))))))))))) .)) (TOP (S (PP-LOC Under (NP government regulations)) , (ADVP however) , (NP-SBJ-1 (NP foreign ownership) (PP of (NP (NP Picop 's) equity))) (VP is (VP limited (NP *-1) (PP-CLR to (NP 40 %)))) .)) (TOP (S (SBAR-ADV Even though (S (NP-SBJ the government) (VP would (VP retain (NP (NP the (ADJP 45 %) stake) (PP-LOC in (NP Picop))))))) , (NP-SBJ critics) (VP have (VP accused (NP-1 the trust) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP selling (PRT out) (PP-CLR to (NP foreigners))))))) .)) (TOP (S (NP-SBJ (NP A series) (PP of (NP newspaper articles))) (VP accused (NP-1 the trust) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP short-changing (NP the government) (PP over (NP the Picop sale)))))) .)) (TOP (S (NP-SBJ Mr. Garcia) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP has (VP been (VP notified (NP *-1) (PP-CLR of (NP (NP (NP (NP congressional hearings) (PP on (NP the Picop bidding))) and (NP (NP possible legislation) (VP covering (NP (NP the paper mill 's) sale)))) , (NP (NP both) (VP prompted (NP *) (PP-LGS by (NP (NP the criticism) (PP of (NP the agency)))))))))))))) .)) (TOP (S (NP-SBJ (NP The question) (PP of (NP control))) (VP could (ADVP further) (VP hinder (NP long-delayed plans (SBAR for (S (NP-SBJ the government) (VP to (VP divest (NP itself) (PP-CLR of (NP (NP Philippine Airlines) , (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ it) (VP has (NP (NP a (ADJP 99 %) stake) (PP-LOC *T*-1)))))))))))))) .)) (TOP (S (S (NP-SBJ The carrier) (VP has (NP valuable (ADJP trans-Pacific and Asian) routes))) but (S (NP-SBJ it) (VP remains (ADJP-PRD (ADJP debt-laden) and (ADJP poorly managed)))) .)) (TOP (S (NP-SBJ-1 (NP This maker) (PP of (NP electronic measuring devices))) (VP named (NP two new directors) , (S-ADV (NP-SBJ *-1) (VP increasing (NP board membership) (PP-DIR to (NP nine))))) .)) (TOP (S (NP-SBJ The new directors) (VP are (NP-PRD (NP (NP Gordon M. Sprenger) , (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP LifeSpan Inc.)))) , and (NP (NP Peter S. Willmott) , (NP (NP (NP chairman) and (NP chief executive officer)) (PP of (NP Willmott Services Inc)))))) .)) (TOP (S (NP-SBJ-1 (NP Gerard E. Wood) , (ADJP (NP 51 years) old) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP (NP president) , (NP chief executive officer) and (NP a director)) (PP of (NP this minerals and materials company)))))) .)) (TOP (S (NP-SBJ He) (VP succeeds (NP (NP Harry A. Durney) , (NP 65) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP is (VP retiring (PP-CLR from (NP active duty)))) but (VP remains (NP-PRD a director and consultant))))))) .)) (TOP (S (NP-SBJ Mr. Wood) (VP has (VP been (NP-PRD (NP (NP president) and (NP chief executive)) (PP of (NP Steep Rock Resources Inc))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Eagle Financial Corp.) and (NP Webster Financial Corp.)) , (NP two Connecticut savings bank-holding companies) ,) (VP agreed (S (NP-SBJ *-1) (VP to (VP merge (PP-LOC in (NP a tax-free stock transaction)))))) .)) (TOP (S (NP-SBJ (NP The new holding company) , (NP Webster/Eagle Bancorp Inc.) ,) (VP will (VP have (NP (NP (NP (QP about $ 1.2 billion) *U*) (PP of (NP assets))) and (NP (NP 19 banking offices) (PP-LOC in (NP Connecticut)))))) .)) (TOP (S (NP-SBJ Tangible capital) (VP will (VP be (NP-PRD (QP about $ 115 million) *U*))) .)) (TOP (S (NP-SBJ The merger) (VP is (ADJP-PRD subject (PP to (NP (NP regulatory clearance) and (NP a definitive agreement))))) .)) (TOP (S (PP-LOC In (NP the merger)) , (NP-SBJ-1 (NP each share) (PP of (NP (NP Webster) , (VP based (NP *) (PP-LOC-CLR in (NP Waterbury))) ,))) (VP will (VP be (VP converted (NP *-1) (PP-CLR into (NP (NP one share) (PP of (NP the new company))))))) .)) (TOP (S (NP-SBJ (NP (NP Each share) (PP of (NP Eagle))) , (VP based (NP *) (PP-LOC-CLR in (NP Bristol))) ,) (VP will (VP become (NP-PRD (NP 0.95 share) (PP of (NP Webster/Eagle))))) .)) (TOP (S (PP-LOC In (NP American Stock Exchange composite trading)) (NP-TMP Friday) , (NP-SBJ Eagle shares) (VP rose (NP-EXT 12.5 cents) (PP-DIR to (NP $ 11 *U*))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) , (NP-SBJ Webster shares) (VP fell (NP-EXT 25 cents) (PP-DIR to (NP $ 12.375 *U*))) .)) (TOP (S (S (NP-SBJ-1 Webster) (VP has (NP (NP-2 (QP 3.5 million) shares) (ADJP outstanding)))) and (S (NP-SBJ=1 Eagle) (NP=2 2.6 million)) .)) (TOP (S (NP-SBJ Their indicated market values) (ADVP thus) (VP are (NP-PRD (QP about $ 43.3 million and $ 28.6 million) *U*) , (ADVP respectively)) .)) (TOP (S (S (NP-SBJ (NP Frank J. Pascale) , (NP (NP chairman) (PP of (NP Eagle))) ,) (VP will (VP be (NP-PRD (NP chairman) (PP of (NP the new firm)))))) and (S (NP-SBJ (NP James C. Smith) , (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP Webster))) ,) (VP will (VP take (NP those posts) (PP-LOC at (NP Webster/Eagle))))) .)) (TOP (S (NP-SBJ (NP Harold W. Smith Sr.) , (NP (NP chairman) (PP of (NP Webster))) ,) (VP will (VP become (NP-PRD (NP (NP chairman emeritus) and (NP a director)) (PP of (NP the new company))))) .)) (TOP (S (NP-SBJ (NP Ralph T. Linsley) , (NP (NP vice chairman) (PP of (NP Eagle))) ,) (VP will (VP become (NP-PRD (NP vice chairman) (PP of (NP Webster/Eagle))))) .)) (TOP (S (NP-SBJ The board) (VP will (VP be (VP made (PRT up) (PP-CLR of (NP (NP seven directors) (PP of (NP each holding company))))))) .)) (TOP (S (PP-LOC In (NP an interview)) , (NP-SBJ James Smith) (VP said (SBAR 0 (S (S (NP-SBJ (NP the banks ') `` markets) (VP are (ADJP-PRD contiguous))) and (S (NP-SBJ their business philosophies) (VP are (ADJP-PRD similar and conservative)))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ Nonperforming loans) (VP will (VP make (PRT up) (NP (NP (QP only about 0.5) %) (PP of (NP (NP (NP the combined banks ') total loans) (ADJP outstanding))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP At (NP June 30)) , (NP-SBJ (NP Webster) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP First Federal Savings & Loan Association) (PP of (NP Waterbury)))))) ,) (VP had (NP (NP assets) (PP of (NP (QP $ 699 million) *U*)))) .)) (TOP (S (NP-SBJ (NP Eagle) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP controls (NP (NP Bristol Federal Savings Bank) and (NP (NP First Federal Savings & Loan Association) (PP of (NP Torrington))))))) ,) (VP had (NP (NP assets) (PP of (NP (QP $ 469.6 million) *U*))) (PP-TMP on (NP that date))) .)) (TOP (S (NP-SBJ-3 (NP (NP Guillermo Ortiz 's) Sept. 15 Americas column) , `` (S-TTL (NP-SBJ-2 Mexico) (VP 's (VP Been (VP Bitten (NP *-2) (PP by (NP-LGS the Privatization Bug)))))) , '') (VP (VP is (NP-PRD (NP a (ADJP refreshingly clear) statement) (PP of (NP (NP (NP his government 's) commitment) (PP to (NP privatization)))))) , and (VP must (VP be (VP welcomed (NP *-3) (PP-CLR as (NP such)) (PP by (NP-LGS (NP all Americans) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP wish (NP his country) (ADVP-CLR well)))))))))) .)) (TOP (S (NP-SBJ-1 The Mexico-United States Institute) (VP is (ADJP-PRD glad (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ (NP such a high official) (PP as (NP (NP (NP Mexico 's) undersecretary) (PP of (NP finance))))) (VP view (NP (NP his country 's) reforms) `` (PP in (NP (NP the context) (PP of (NP (NP a larger , world-wide process) '' (PP of (NP (NP profound change) (PP toward (NP free-market economics)) , (PP-LOC (ADVP especially) in (NP the statist countries))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Having (VP said (NP that)))) , (NP-SBJ-1 we) (VP must (VP caution (PP-CLR against (NP an apparent tendency (S (NP-SBJ *) (VP to (VP overstate (NP the case)))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is not (ADJP-PRD quite true) , (PP for (NP example)) , (SBAR-1 that (S (NP-SBJ the Mexican government) (VP has (VP `` privatized '' (NP Mexicana de Aviacion) , (SBAR-ADV as (S (NP-SBJ Mr. Ortiz) (VP claims (SBAR 0 (S *?*)))))))))) .)) (TOP (S (PP-LOC In (NP the same sentence)) (NP-SBJ he) (VP contradicts (NP himself) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP reports (SBAR that (S (NP-SBJ the government) (ADVP-TMP still) (VP retains (NP (NP 40 %) (PP of (NP (NP the total equity) (PP of (NP the airline)))))))) (ADVP-TMP *T*-1))))) .)) (TOP (SBARQ (WHADVP How) (SQ can (NP-SBJ-1 a company) (VP be (VP considered (S (NP-SBJ *-1) `` (ADJP-PRD privatized) '') (SBAR-ADV if (S (NP-SBJ-2 the state) (VP is (VP (ADVP-MNR so heavily) represented (NP *-2) (PP-LOC in (NP it))))))))) ?)) (TOP (S -LRB- (S (INTJ True) , (NP-SBJ the Mexican government) (VP has (VP granted (NP (NP `` control '') (PP over (NP the airline))) (PP-DTV to (NP a new private consortium))))) , but (S (NP-SBJ-2 its propensity (S (NP-SBJ *) (VP to (VP take (ADVP-CLR back) (SBAR-NOM (WHNP-1 what) (S (NP-SBJ it) (VP gives (NP *T*-1)))))))) (VP is (VP (ADVP-MNR too well) known (NP *-2) (S-PRP (NP-SBJ *) (VP to (VP permit (S (NP-SBJ one) (VP to (VP be (ADJP-PRD sanguine)))))))))) . -RRB-)) (TOP (S (ADVP Regrettably) , (ADVP too) , (NP-SBJ Mr. Ortiz) (VP resorts (PP-CLR to (NP the familiar `` numbers game '')) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ he) (VP boasts (SBAR that (S `` (NP-SBJ (NP (QP fewer than 392) (PRN -LCB- state enterprises -RCB-)) (ADVP *ICH*-2)) (ADVP-TMP currently) (VP remain (PP-LOC-PRD in (NP the public sector)) , '' (ADVP-2 down (PP from (NP (NP the `` 1,155 public entities) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP existed (PP-TMP in (NP 1982))))))))))) (ADVP-TMP *T*-3))))) .)) (TOP (S '' (S But (NP-SBJ (NP the enterprises) (PP-LOC (ADVP-TMP still) in (NP state hands))) (VP include (NP (NP the (ADJP biggest and (ADJP most economically powerful)) ones) (PP-LOC in (NP Mexico))))) ; (S (ADVP indeed) , (NP-SBJ they) (ADVP virtually) (VP constitute (NP the economic infrastructure))) .)) (TOP (S (NP-SBJ I) (VP refer (ADVP essentially) (PP-CLR to (NP (NP petroleum) , (NP electric power) , (NP banking) and (NP newsprint)))) .)) (TOP (S (NP-SBJ-2 Those enterprises) , (ADVP however) , (VP are not (VP going (S (NP-SBJ-1 *-2) (VP to (VP be (VP privatized (NP *-1))))))) .)) (TOP (S (S (NP-SBJ-2 They) (VP are (ADVP officially) (VP considered (S (NP-SBJ *-2) `` (ADJP-PRD strategic))))) , '' and (S (NP-SBJ-1 their privatization) (VP is (VP prohibited (NP *-1) (PP by (NP-LGS the Mexican Constitution))))) .)) (TOP (S (PP-LOC In (NP (NP language) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP sidesteps (NP the issue)))))) , (NP-SBJ Mr. Ortiz) (VP writes (SBAR 0 , `` (S (NP-SBJ (NP The divestiture) (PP of (NP (UCP nonpriority and nonstrategic) public enterprises))) (VP is (NP-PRD (NP an essential element) (PP of (NP (NP President Carlos Salinas 's) plan (S (NP-SBJ *) (VP to (VP modernize (NP (NP Mexico 's) economy))))))))))) ... . '')) (TOP (S Yet (ADVP clearly) , (NP-SBJ modernization) (VP must (VP embrace (NP its key industries) (SBAR-TMP before (S (NP-SBJ-1 it) (VP can (VP be (VP said (S (NP-SBJ *-1) (VP to (VP have (VP caught (NP the `` privatization bug . '')))))))))))))) (TOP (S (NP-SBJ The bottom line) , (ADVP however) , (VP is not (NP-PRD (ADJP economic but political) reform)) .)) (TOP (S (NP-SBJ-2 (NP A long succession) (PP of (NP Mexican presidents))) (VP (ADVP-MNR arbitrarily) nationalized (SBAR-NOM (WHNP-1 whatever industry) (S (NP-SBJ they) (VP took (NP a fancy) (PP to (NP *T*-1))))) , (PP without (S-NOM (NP-SBJ-3 *-2) (VP having (S (NP-SBJ *-3) (VP to (VP answer (PP-CLR to (NP the public))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-3) (VP To (VP guarantee (SBAR that (S (NP-SBJ-1 (NP Mexicana de Aviacion) and (NP other companies)) (VP will (ADVP really) (VP be (VP privatized (NP *-1))))))))) , (NP-SBJ-3 Mexico) (VP needs (NP (NP a pluri-party political system) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP will (VP ensure (NP (NP democracy) and hence (NP accountability)))))))) .)) (TOP (NP (NP Daniel James) (NP President) (NP Mexico-United States Institute))) (TOP (S (NP-SBJ-1 (NP The board) (PP of (NP this (NAC-LOC Ponce , Puerto Rico) concern))) (VP voted (S (NP-SBJ *-1) (VP to (VP suspend (NP (NP payment) (PP of (NP (NP its quarterly) (PP of (NP (NP 11 cents) (NP-ADV a share))) (PP for (NP the third quarter))))))))) .)) (TOP (S (NP-SBJ (NP The third-largest thrift institution) (PP-LOC in (NP Puerto Rico))) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (NP (NP a return) (PP to (NP profitability)) (PP-TMP in (NP (NP the third quarter) (SBAR (WHADVP-1 when) (S (NP-SBJ it) (VP reports (NP operating results) (ADVP-TMP *T*-1) (NP-TMP this week))))))))))) .)) (TOP (S (NP-SBJ Ponce Federal) (VP said (SBAR 0 (S (NP-SBJ-1 the dividend) (VP was (VP suspended (NP *-1) (PP in (NP (NP anticipation) (PP of (NP (NP (ADJP more stringent) capital requirements) (PP-LOC under (NP (NP the Financial Institutions Reform , Recovery , and Enforcement Act) (PP of (NP 1989))))))))))))) .)) (TOP (S (NP-SBJ A labor-management group) (VP is (VP preparing (NP (NP a revised buy-out bid) (PP for (NP United Airlines parent UAL Corp.)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP would (VP transfer (NP majority ownership) (PP-DIR to (NP employees)) (SBAR-ADV while (S (NP-SBJ *-2) (VP leaving (NP some stock) (PP-LOC-CLR in (NP public hands)))))))))) , (PP according (PP to (NP (NP people) (ADJP familiar (PP with (NP the group)))))))) .)) (TOP (S (NP-SBJ The group) (VP has (VP been (VP discussing (NP (NP a proposal) (VP valued (NP *) (PP-LOC-CLR in (NP (NP a range) (PP of (NP (NP (NP (QP $ 225 to $ 240) *U*) (NP-ADV a share)) , or (NP (QP $ 5.09 billion to $ 5.42 billion) *U*)))))))))) .)) (TOP (S But (S-PRP (NP-SBJ *-1) (VP to (VP avoid (NP (NP the risk) (PP of (NP rejection)))))) , (NP-SBJ-1 the group) (VP does n't (VP plan (S (NP-SBJ *-1) (VP to (VP submit (NP the plan) (ADVP-MNR formally) (PP-LOC at (NP a UAL board meeting)) (NP-TMP today)))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ-1 the group) (VP is (VP raising (NP the proposal) (ADVP-MNR informally) (S-PRP (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP test (NP (NP the board 's) reaction))))))))) .)) (TOP (S (NP-SBJ (NP People) (ADJP familiar (PP with (NP the company)))) (VP say (SBAR 0 (S (NP-SBJ-2 the board) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP give (NP quick approval) (PP-DTV to (NP (NP any offer) (PP (ADVP substantially) below (NP (NP the (ADJP $ 300-a-share *U*) , (ADJP (QP $ 6.79 billion) *U*) buy-out bid))))))))))))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP collapsed (NP-TMP last week) (SBAR-TMP (SBAR after (S (NP-SBJ banks) (VP would n't (VP raise (NP needed loans))))) and (SBAR after (S (NP-SBJ (NP a key partner) , (NP British Airways PLC) ,) (VP dropped (ADVP-CLR out)))))))) .)) (TOP (S (PP-LOC In (NP composite trading)) (NP-TMP Friday) (PP-LOC on (NP the New York Stock Exchange)) , (NP-SBJ UAL) (VP closed (PP-CLR at (NP (NP $ 168.50 *U*) (NP-ADV a share))) , (ADVP-CLR down (NP $ 21.625 *U*))) .)) (TOP (S But (NP-SBJ-2 (NP the pilots union) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (VP pushing (PP-CLR for (NP a takeover)) (PP-TMP since (NP 1987)))))))) , (VP appears (S (NP-SBJ-3 *-2) (VP to (VP be (VP pressing (ADVP-CLR ahead) (PP-CLR with (NP the revised bid)) (S-PRP (NP-SBJ *-3) (VP to (VP avoid (NP (NP further loss) (PP of (NP momentum)))))) (SBAR-ADV even though (S (NP-SBJ it) (VP has n't (VP found (NP (NP a partner) (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP to (VP replace (NP British Air))))))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the bidding group) (VP has n't (VP had (NP (NP time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP (VP to (VP develop (NP its latest idea) (ADVP-MNR fully))) or (VP to (VP discuss (NP it) (PP with (NP banks)))) (ADVP-TMP *T*-2))))))))) , (NP-SBJ it) (VP believes (SBAR 0 (S (NP-SBJ-1 bank financing) (VP could (VP be (VP obtained (NP *-1))))))) .)) (TOP (S (PP-TMP After (NP (NP the collapse) (PP of (NP the last effort)))) , (NP-SBJ-2 the group) (VP does n't (VP plan (S (NP-SBJ *-2) (VP to (VP make (NP any formal proposal) (PP without (NP (NP binding commitments) (PP from (NP banks)) (VP covering (NP (NP the entire amount) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP borrowed (NP *-1))))))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP the type) (PP of (NP transaction)) (VP being (VP discussed (NP *))))) , (NP-SBJ the pilot-management group) (VP would (VP borrow (NP (NP (QP several billion) dollars) (SBAR *ICH*-1)) (PP-CLR from (NP banks)) (SBAR-1 (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP could (ADVP then) (VP be (VP used (NP-4 *-3) (S-CLR (NP-SBJ *-4) (VP to (VP finance (NP (NP a cash payment) (PP to (NP current holders))))))))))))) .)) (TOP (S (NP-SBJ Those current holders) (VP would (ADVP also) (VP receive (NP (NP minority interests) (PP-LOC in (NP the new company))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ the group) (VP could (VP offer (NP (NP (NP $ 200 *U*) (NP-ADV a share) (PP in (NP cash))) plus (NP (NP stock) (VP valued (NP *) (PP-CLR at (NP (NP $ 30 *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ UAL) (ADVP-TMP currently) (VP has (NP (NP (QP 22.6 million) shares) , (VP (ADVP fully) diluted (NP *)))) .)) (TOP (S (NP-SBJ The new structure) (VP would (VP be (ADJP-PRD similar (PP to (NP (NP a recapitalization) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ holders) (VP (VP get (NP a special dividend)) yet (VP retain (NP a controlling ownership interest)) (PP-LOC *T*-1))))))))) .)) (TOP (S (NP-SBJ The difference) (VP is (SBAR-PRD that (S (NP-SBJ current holders) (VP would n't (VP retain (NP majority ownership or control)))))) .)) (TOP (S (NP-SBJ The failed takeover) (VP would (VP have (VP given (NP UAL employees) (NP (NP (ADJP 75 %) voting control) (PP of (NP (NP the nation 's) second-largest airline))) , (PP with (S-NOM (S (NP-SBJ-1 management) (VP getting (NP (ADJP-2 10 %) control))) and (S (NP-SBJ=1 British Air) (ADJP=2 15 %))))))) .)) (TOP (S (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP was n't (ADJP-PRD clear) (SBAR-1 (WHADVP-2 how) (S (NP-SBJ the ownership) (VP would (VP stack (PRT up) (PP-LOC under (NP the new plan)) (ADVP-MNR *T*-2))))))) , but (S (NP-SBJ employees) (VP would (VP keep (NP (QP more than 50) %)))) .)) (TOP (S (NP-SBJ-1 (NP Management 's) total) (VP could (VP be (VP reduced (NP *-1)))) , and (S (NP-SBJ the public) (VP could (VP get (NP (NP more) (PP than (NP (NP the (ADJP 15 %) control) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP had (VP been (VP earmarked (NP *-3) (PP-CLR for (NP British Air))))))))))))) .)) (TOP (S (NP-SBJ (NP One option) (SBAR (WHNP-2 0) (S (NP-SBJ-1 the board) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP consider (NP *T*-2) (NP-TMP today))))))))) (VP is (NP-PRD (NP some) sort (PP of (NP cooling-off period)))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-2 the pilots) (VP are (VP expected (S (NP-SBJ-3 *-2) (VP to (VP continue (S (NP-SBJ *-3) (VP to (VP pursue (NP the bid))))))))))) , (NP-SBJ-1 UAL Chairman Stephen Wolf) (VP may (VP be (VP asked (NP-4 *-1) (S (NP-SBJ-5 *-4) (VP (VP to (VP withdraw (PP-DIR from (NP the buy-out effort)) , (ADVP-TMP (ADVP at least) temporarily))) , and (VP to (VP return (PP-DIR to (S-NOM (NP-SBJ *-5) (VP running (NP the company) (ADVP-TMP full time))))))))))) .)) (TOP (S (NP-SBJ The board) (VP could (ADVP-TMP eventually) (VP come (PP-CLR under (NP some pressure (S (NP-SBJ *) (VP to (VP sell (NP the company)))))) (SBAR-PRP because (S (NP-SBJ-1 its members) (VP can (VP be (VP ousted (NP *-1) (PP by (NP-LGS a majority shareholder vote))))))) , (SBAR-PRP (ADVP particularly) since (S (NP-SBJ-2 (NP one-third) (PP of (NP UAL stock))) (VP is (VP held (NP *-2) (PP by (NP-LGS (NP takeover stock speculators) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP favor (NP a sale)))))))))))) .)) (TOP (S (NP-SBJ-1 The labor-management buy-out group) (VP plans (S (NP-SBJ *-1) (VP to (VP keep (NP its offer) (PP-LOC-CLR on (NP the table))))) (PP in (NP an apparent attempt (S (NP-SBJ *) (VP to (VP maintain (NP (NP its bargaining position) (PP with (NP the board))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ-5 (NP (NP the only outsider) (SBAR (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (VP has (VP emerged (S (NP-SBJ *-4) (VP to (VP lead (NP such a shareholder vote))))))))) , (NP Los Angeles investor Marvin Davis) , (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP triggered (NP the buy-out) (PP with (NP (NP a (ADJP (QP $ 5.4 billion) *U*) bid) (PP in (NP early August)))))))) , (VP is (VP hanging (ADVP-CLR back) -- (ADVP apparently) (S-PRP (NP-SBJ-6 *-5) (VP to (VP avoid (S (NP-SBJ-1 *-6) (VP being (VP blamed (NP-7 *-1) (PP-CLR for (S-NOM (NP-SBJ *-7) (VP contributing (PP-CLR to (NP (NP the deal 's) collapse))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Three top advisers) (PP to (NP Mr. Davis))) (VP visited (NP New York) (NP-TMP late last week) , (S-PRP (PP (ADVP at least) in (NP part)) (NP-SBJ *-1) (VP to (VP confer (PP-CLR with (NP (NP executives) (PP-LOC at (NP Citicorp)))))))) .)) (TOP (S (NP-SBJ Mr. Davis) (VP had (VP paid (NP (QP $ 6 million) *U*) (PP-CLR for (NP (NP (NP Citicorp 's) backing) (PP of (NP his last bid)))))) .)) (TOP (S But (NP-SBJ Citicorp) (VP has (VP lost (NP some credibility) (SBAR-PRP because (S (NP-SBJ it) (ADVP also) (VP led (NP the unsuccessful effort (S (NP-SBJ *) (VP to (VP gain (NP bank loans) (PP-PRP for (NP the labor-management group))))))))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ British Air) (VP issued (NP (NP a statement) (VP saying (SBAR 0 (S (NP-SBJ-1 it) `` (VP does not (VP intend (S (NP-SBJ *-1) (VP to (VP participate (PP-CLR in (NP (NP any new deal) (PP for (NP (NP the acquisition) (PP of (NP UAL)))))) (PP-TMP in (NP the foreseeable future)))))))))))) . '')) (TOP (S (ADVP However) , (NP-SBJ several people) (VP said (SBAR (SBAR that (S (NP-SBJ British Air) (VP might (ADVP-TMP yet) (VP rejoin (NP the bidding group))))) and (SBAR that (S (NP-SBJ-1 the carrier) (VP made (NP the statement) (S-PRP (NP-SBJ *-1) (VP to (VP answer (NP (NP questions) (PP from (NP British regulators)) (PP about (SBAR (WHADVP-3 how) (S (NP-SBJ-2 it) (VP plans (S (NP-SBJ *-2) (VP to (VP use (NP (NP proceeds) (PP of (NP (NP a securities offering) (VP (ADVP-TMP previously) earmarked (NP *) (PP-CLR for (NP the UAL buy-out)))))) (ADVP-MNR *T*-3))))))))))))))))) .)) (TOP (S (ADVP Also) (NP-TMP late last week) , (NP-SBJ-1 UAL flight attendants) (VP agreed (S (NP-SBJ *-1) (VP to (VP participate (PP with (NP the pilots)) (PP-CLR in (S-NOM (NP-SBJ *) (VP crafting (NP a revised offer)))))))) .)) (TOP (S But (NP-SBJ-2 (NP the machinists union) , (SBAR (WHNP-1 whose opposition) (S (NP-SBJ *T*-1) (VP helped (VP scuttle (NP the first buy-out bid))))) ,) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP favor (NP (NP a recapitalization) (PP with (NP a friendly third-party investor)))))))) .)) (TOP (S (NP-SBJ (NP One advantage) (SBAR (WHNP-1 0) (S (NP-SBJ-2 the buy-out group) (VP intends (S (NP-SBJ *-2) (VP to (VP press (NP *T*-1) (PP with (NP the board))))))))) (VP is (SBAR-PRD that (S (NP-SBJ-3 pilots) (VP have (VP agreed (S (NP-SBJ-4 *-3) (VP to (VP make (NP (QP $ 200 million) *U*) (PP-CLR in (NP annual cost concessions)) (S-PRP (NP-SBJ-5 *-4) (VP to (VP help (S (NP-SBJ *-5) (VP finance (NP a bid)))))))))))))) .)) (TOP (S (NP-SBJ Speculation (SBAR *ICH*-1)) (VP has (ADVP also) (VP arisen (SBAR-1 that (S (NP-SBJ (NP (NP the UAL executive) (VP (ADVP-MNR most closely) identified (NP *) (PP-CLR with (NP the failure (S (NP-SBJ *) (VP to (VP gain (NP bank financing)))))))) , (NP chief financial officer John Pope) ,) (VP may (VP come (PP-CLR under (NP pressure (S (NP-SBJ *) (VP to (VP resign))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP people) (ADJP familiar (PP with (NP the buy-out group)))) (VP said (SBAR 0 (S (NP-SBJ (NP Mr. Pope 's) departure) (VP would (VP weaken (NP (NP the airline 's) management) (PP-TMP at (NP a critical time))))))) .)) (TOP (S (PP Despite (NP (NP the buy-out group 's) failure (S (NP-SBJ *) (VP to (VP obtain (NP financing)))))) , (NP-SBJ-1 UAL) (VP remains (ADJP-PRD obligated (S (NP-SBJ *-1) (VP to (VP pay (NP (NP (QP $ 26.7 million) *U*) (PP in (NP (NP investment banking) and (NP legal fees)))) (PP-CLR to (NP (NP (NP the group 's) advisers) , (NP (NP Lazard Freres & Co.) , (NP Salomon Brothers Inc.) , and (NP Paul Weiss Rifkind Wharton & Garrison))))))))) .)) (TOP (S (NP-SBJ (NP Whittle Communications Limited Partnership) , (NP-LOC (NP Knoxville) , (NP Tenn.)) ,) (VP will (VP launch (NP (NP its first media property) (VP targeting (NP Hispanic women))))) .)) (TOP (S (NP-SBJ `` (NP-TTL La Familia de Hoy) , '' or `` (NP-TTL (NP Today 's) Family)) , '' (VP (VP will (VP debut (NP-TMP this spring))) and (VP will (VP combine (NP (NP a national bimonthly magazine) and (NP TV programming))))) .)) (TOP (S (NP-SBJ (NP The television element) (PP of `` (NP-TTL La Familia) '')) (VP includes (NP (NP a series) (PP of (NP two-minute informational features)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP air (NP-TMP (NP seven days) (NP-ADV a week)) (PP-LOC on (NP (NP the Spanish-language Univision network) , (NP (NP a unit) (PP of (NP (NP Univision Holdings Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD 80%-owned (PP by (NP Hallmark Cards Inc))))))))))))))))) .)) (TOP (S (NP-SBJ The features) (VP (VP will (VP focus (PP-CLR on `` (NP (NP parenting) , (NP family health and nutrition) , and (NP financial management))))) , '' and (VP will (VP carry (NP (NP 30 seconds) (PP of (NP advertising)))))) .)) (TOP (S (NP-SBJ-1 (NP The magazines) , also (ADJP ad-supported) ,) (VP will (VP be (VP distributed (NP *-1) (PP-LOC-CLR in (NP (NP (QP more than 10,000) (NX (NX (NP doctors ') offices) , (NX clinics) , and (NX health centers))) (PP-LOC in (NP (ADJP (ADJP Hispanic) and (ADJP largely Hispanic)) communities))))))) .)) (TOP (S (NP-SBJ WEIRTON STEEL Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP (NP a (ADJP (QP $ 300 million) *U*) sale) (PP of (NP 10-year notes))) , (NP (NP the final step) (PP-LOC in (NP (NP the 1984 buy-out) (PP of (NP the company)) (PP from (NP National Steel Corp)))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 The (ADJP (QP 10 7) %) notes) (VP were (VP priced (NP-2 *-1) (PP-CLR at (NP 99.5 %)) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 10.958 %)))) (PP-LOC in (NP (NP an offering) (VP managed (NP *) (PP by (NP-LGS (NP Bear , Stearns & Co.) , (NP Shearson Lehman Hutton Inc.) and (NP Lazard Freres & Co.))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ (NP Weirton) , (PP of (NP (NP Weirton) , (NP W. Va.))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (QP $ 60.3 million) *U*) (PP of (NP the proceeds))) (VP were (VP used (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP prepay (NP (NP the remaining amounts) (PP on (NP (NP the note) (ADJP outstanding)))) (PP-DTV to (NP (NP National Intergroup Inc.) , (NP (NP the parent) (PP of (NP National Steel))))))))))))) .)) (TOP (S (NP-SBJ-1 Remaining proceeds) (VP were (VP used (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP (VP to (VP pay (NP other debt))) and (VP to (VP finance (NP (NP the company 's) capital spending program))))))) .)) (TOP (S (NP-SBJ (NP Lep Group PLC) (PP of (NP Britain)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP holds (NP (NP a (ADJP 62.42 %) stake) (PP-LOC in (NP Profit Systems Inc.)))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP considering (NP (NP courses) (PP of (NP action)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP could (VP result (PP-CLR in (S-NOM (NP-SBJ its) (VP having (NP `` (NP active control) '' (PP of (NP the company)))))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a filing) (PP with (NP the Securities and Exchange Commission)))) , (NP-SBJ Lep Group) (VP said (SBAR 0 (S (NP-SBJ (NP a possible course) (PP of (NP action))) (VP may (VP include (S (NP-SBJ *) (VP acquiring (NP (NP some or all) (PP of (NP (NP the Profit Systems shares) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP does n't (ADVP-TMP already) (VP own (NP *T*-1))))))))))))))) .)) (TOP (S (NP-SBJ It) (VP noted , (ADVP however) , (SBAR that (S (NP-SBJ it) (VP has n't (VP determined (NP (NP any specific terms) (PP of (NP a possible transaction)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Lep Group) and (NP affiliates)) (ADVP-TMP currently) (VP control (NP (NP 3,513,072 (NP Profit Systems) common shares) , or (NP 62.42 %) ,))) (NP-SBJ the filing) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Profit Systems) , (NP-LOC (NP Valley Stream) , (NP N.Y.)) ,) (VP is (NP-PRD an air freight forwarding concern)) .)) (TOP (S (S-TPC-1 (NP-SBJ U.S. official reserve assets) (VP rose (NP-EXT (QP $ 6.05 billion) *U*) (PP-TMP in (NP September)) , (PP-DIR to (NP (QP $ 68.42 billion) *U*)))) , (NP-SBJ the Treasury Department) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ The gain) (VP compared (PP-CLR with (NP (NP a (ADJP (QP $ 1.10 billion) *U*) decline) (PP-LOC in (NP reserve assets)) (PP-TMP in (NP August)) (PP to (NP (QP $ 62.36 billion) *U*)))))) , (NP-SBJ the department) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ U.S. reserve assets) (VP consist (PP-CLR of (NP (NP foreign currencies) , (NP gold) , (NP (NP special drawing rights) (PP-LOC at (NP the International Monetary Fund))) and (NP (NP the U.S. reserve position) -- (NP its ability (S (NP-SBJ *) (VP to (VP draw (NP foreign currencies))))) -- (PP-LOC at (NP the IMF)))))) .)) (TOP (S (NP-SBJ (NP (NP The nation 's) holdings) (PP of (NP foreign currencies))) (VP increased (NP-EXT (QP $ 5.67 billion) *U*) (PP-TMP in (NP September)) (PP-DIR to (NP (QP $ 39.08 billion) *U*)) , (SBAR-ADV while (S (NP-SBJ its gold reserves) (VP were (ADJP-PRD virtually unchanged (PP at (NP (QP $ 11.07 billion) *U*))))))) .)) (TOP (S (S (NP-SBJ (NP U.S. holdings) (PP of (NP IMF special drawing rights))) (NP-TMP last month) (VP rose (NP-EXT (QP $ 247 million) *U*) , (PP-DIR to (NP (QP $ 9.49 billion) *U*)))) , and (S (NP-SBJ (NP its reserve position) (PP-LOC at (NP the IMF))) (VP increased (NP-EXT (QP $ 142 million) *U*) , (PP-DIR to (NP (QP $ 8.79 billion) *U*)))) .)) (TOP (S (NP-SBJ-1 (NP Alusuisse) (PP of (NP America Inc.))) (VP plans (S (NP-SBJ *-1) (VP to (VP sell (NP its Consolidated Aluminum Corp. subsidiary) (PP as (NP (NP part) (PP of (NP its strategy (S (NP-SBJ *) (VP to (VP focus (ADVP-CLR more) (PP-CLR on (NP (NP aluminum packaging) (PP-LOC in (NP the U.S))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Alusuisse) , (PP of (NP New York)) ,) (VP declined (S (NP-SBJ *-1) (VP to (VP say (SBAR (WHNP-3 how much) (S (NP-SBJ-2 it) (VP expects (S (NP-SBJ *-2) (VP to (VP get (NP *T*-3) (PP-CLR for (NP the unit))))))))))))) ; (S (NP-SBJ the company) (VP has (VP hired (S (NP-SBJ First Boston Corp.) (VP to (VP help (VP identify (NP bidders)))))))) .)) (TOP (S (NP-SBJ Alusuisse) (VP is (NP-PRD (NP a subsidiary) (PP of (NP (NP Swiss Aluminium Ltd.) , (NP (NP a (NAC-LOC Zurich , Switzerland ,) producer) (PP of (NP (NP aluminum) , (NP chemicals) and (NP packaging products)))))))) .)) (TOP (S (NP-SBJ (NP Consolidated) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP (NP 1988 revenue) (PP of (NP (QP $ 400 million) *U*)))))) ,) (VP (VP makes (NP aluminum sheet and foil products) (PP-LOC at (NP its (NAC-LOC (NAC Hannibal , Ohio) , and (NAC Jackson , Tenn. ,)) rolling mills))) and (VP recycles (NP aluminum) (PP-LOC at (NP (NP a plant) (PP-LOC in (NP (NP Bens Run) , (NP W.Va))))))) .)) (TOP (S (NP-SBJ Manhattan National Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 (NP Michael A. Conway) , (NP (NP president) and (NP chief executive officer)) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP chief executive) (PP of (NP (NP the holding company 's) two principal insurance subsidiaries))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ He) (VP succeeds (NP (NP Paul P. Aniskovich Jr.) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP resigned (S-PRP (NP-SBJ *-2) (VP to (VP pursue (NP other business interests)))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Conway) , (ADJP (NP 42 years) old) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP (NP (NP chairman) , (NP president) and (NP chief executive)) (PP of (NP Manhattan Life Insurance Co.))) and (NP (NP (NP president) and (NP chief executive)) (PP of (NP Manhattan National Life Insurance Co))))))) .)) (TOP (S (NP-SBJ (NP Harry Rossi) , (NP 69) , (NP (NP chairman) (PP of (NP the holding company))) ,) (ADVP also) (VP remains (NP-PRD (NP chairman) (PP of (NP Manhattan National Life Insurance Co)))) .)) (TOP (S (NP-SBJ Mr. Conway) (VP was (NP-PRD (NP (NP executive vice president) and (NP chief investment officer)) (PP of (NP (NP Union Central Life Insurance Co.) , (PP of (NP Cincinnati))))) , (PP-TMP in (NP (NP 1987) , (SBAR (WHADVP-1 when) (S (NP-SBJ Union Central) (VP bought (NP (NP a (ADJP 54 %) interest) (PP-TMP in (NP Manhattan National Corp))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ-1 He) (VP resigned (PP as (NP (NP an officer) (PP of (NP Central Life)))) (S-PRP (NP-SBJ *-1) (VP to (VP accept (NP the Manhattan National presidency))))) .)) (TOP (S (NP-SBJ (NP Daniel J. Terra) , (NP (NP a director) (PP of (NP First Illinois Corp.))) ,) (VP said (SBAR that (S (PP-TMP in (NP August)) (NP-SBJ he) (VP reduced (NP (NP his stake) (PP-LOC in (NP First Illinois))) (PP-DIR to (NP (NP 26.48 %) (PP of (NP (NP the common shares) (ADJP outstanding))))))))) .)) (TOP (S (PP-LOC In (NP (NP a filing) (PP with (NP the Securities and Exchange Commission)))) , (NP-SBJ Mr. Terra) (VP said (SBAR 0 (S (NP-SBJ he) (VP sold (NP 263,684 First Illinois common shares) (PP-TMP (PP from (NP Aug. 9)) (PP to (NP Aug. 28))) (PP-CLR for (NP (NP (QP $ 9.9375 to $ 10.5625) *U*) (NP-ADV a share))))))) .)) (TOP (S (PP-PRP As (NP (NP a result) (PP of (NP the sales)))) (NP-SBJ he) (VP holds (NP 6,727,042 shares)) .)) (TOP (S (NP-SBJ Mr. Terra) (VP said (PP-LOC in (NP the filing)) (SBAR that (S (NP-SBJ-1 he) (VP sold (NP the stock) (S-PRP (NP-SBJ *-1) (VP to (VP decrease (NP (NP his position) (PP-LOC in (NP the (NAC-LOC Evanston , Ill. ,) banking concern)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 He) (VP (VP may (VP sell (NP more shares) (PP-LOC (PP in (NP the open market)) or (PP in (NP private transactions))))) , but (VP would n't (VP rule (PRT out) (S (NP-SBJ *-2) (VP (VP changing (NP his intentions)) and (VP buying (NP shares)))))))) , (NP-SBJ the filing) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP SciMed Life Systems Inc.) , (NP-LOC Minneapolis) ,) (VP said (SBAR 0 (S (NP-SBJ a federal appeals court) (VP vacated (NP (NP an earlier summary judgment) (PP in (NP its favor))))))) .)) (TOP (S (NP-SBJ (NP A lower court) (PP-LOC in (NP St. Paul))) (VP had (VP ruled (PP-TMP in (NP September 1988)) (SBAR that (S (NP-SBJ (NP a heart catheter) (SBAR (WHNP-1 0) (S (NP-SBJ SciMed) (VP manufactures (NP *T*-1))))) (VP does n't (VP infringe (PP-CLR on (NP (NP a patent) (VP owned (NP *) (PP by (NP-LGS (NP Advanced Cardiovascular Systems) , (NP (NP a unit) (PP of (NP Eli Lilly & Co)))))))))))))) .)) (TOP (S (NP-SBJ SciMed) (VP said (SBAR 0 (S (NP-SBJ the appeals court) (VP remanded (NP the case) (ADVP-CLR back (PP to (NP the district court))) (PP-PRP for (NP further proceedings)))))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) (NP-TMP Friday) , (NP-SBJ SciMed shares) (VP tumbled (NP-EXT $ 2.75 *U*) (PP-DIR to (NP $ 43 *U*))) .)) (TOP (S (NP-SBJ SciMed) (VP said (SBAR 0 (S (NP-SBJ it) `` (VP remains (ADJP-PRD committed '' (PP both (PP to (NP (NP the `` vigorous defense '') (PP of (NP its position (SBAR that (S (NP-SBJ the catheter) (VP does n't (VP infringe (NP (NP the Lilly unit 's) patent))))))))) , and (PP to (NP (NP the pursuit) (PP of (NP (NP its own counterclaims) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP allege (SBAR 0 (S (NP-SBJ Lilly) (VP engaged (PP-CLR in (NP (NP antitrust violations) and (NP other wrongful acts))))))))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP A REVISED BID) (PP FOR (NP UAL))) (VP is (VP being (VP prepared (NP *-1) (PP by (NP-LGS a labor-management group)))))) , (NP-SBJ sources) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 (NP The new proposal) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP would (VP (VP transfer (NP (NP majority ownership) (PP of (NP (NP United Air 's) parent))) (PP-DIR to (NP employees))) and (VP leave (NP some stock) (PP-LOC-CLR in (NP public hands))))))) ,) (VP would (VP be (VP valued (NP *-1) (PP-CLR at (NP (NP (NP (QP $ 225 to $ 240) *U*) (NP-ADV a share)) , or (NP (QP as much as $ 5.42 billion) *U*)))))) .)) (TOP (S But (NP-SBJ-2 (NP UAL 's) board) (VP is n't (VP expected (S (NP-SBJ *-2) (VP to (VP give (NP quick approval) (PP-DTV to (NP (NP any offer) (PP-LOC (ADVP substantially) below (NP (NP the (ADJP $ 300-a-share *U*) bid) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP collapsed (ADVP-TMP recently))))))))))))) .)) (TOP (S (NP-SBJ Takeover stock speculators) (VP have (VP incurred (NP (NP paper losses) (PP of (NP (QP over $ 700 million) *U*))) (PP-CLR from (NP the failed UAL offer)) , (NP-ADV (NP their worst loss) (ADVP-TMP ever) (PP-LOC on (NP a single deal))))) .)) (TOP (S (NP-SBJ Ford and Saab) (VP ended (NP (NP talks) (PP about (NP a possible alliance))) (SBAR-TMP after (S (NP-SBJ Ford) (VP concluded (SBAR that (S (NP-SBJ the cost (S (NP-SBJ *) (VP to (VP modernize (NP (NP Saab 's) car operations))))) (VP would (VP outweigh (NP the likely return))))))))) .)) (TOP (S (NP-SBJ The collapse) (NP-TMP Friday) (VP prompted (NP speculation (SBAR that (S (NP-SBJ Ford) (VP would (VP intensify (NP (NP its pursuit) (PP of (NP (NP Jaguar) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP negotiating (NP a defensive alliance) (PP with (NP GM))))))))))))))) .)) (TOP (S (NP-SBJ Stock prices) (VP edged (ADVP-CLR up) (PP-LOC in (NP quiet trading)) (NP-TMP Friday)) .)) (TOP (S (NP-SBJ The Dow Jones industrials) (VP rose (NP-EXT 5.94) , (PP-DIR to (NP 2689.14)) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ (NP the gain) (PP for (NP the week))) (NP-PRD (NP a record 119.88 points) , or (NP 4.7 %)))))) .)) (TOP (S (S (NP-SBJ Most bond prices) (VP fell)) , but (S (NP-SBJ (NP junk bonds) and (NP the dollar)) (VP rose)) .)) (TOP (S (NP-SBJ-1 New York City bonds) (VP were (VP sold (NP *-1) (PRT off) (PP by (NP-LGS many investors)) (NP-TMP last week) (PP-LOC amid (NP (ADJP political and economic) uncertainty)))) .)) (TOP (S (NP-SBJ-1 More banks) (VP are (VP being (VP hurt (NP *-1) (PP by (NP-LGS (NP Arizona 's) worsening real-estate slump))))) .)) (TOP (S (NP-SBJ (NP First Interstate Bancorp) (PP of (NP Los Angeles))) (VP said (NP-TMP Friday) (SBAR 0 (S (NP-SBJ it) (VP expects (NP a (ADJP (QP $ 16 million) *U*) quarterly loss)))) , (S-ADV (NP-SBJ *) (VP citing (NP (NP property-loan losses) (PP-LOC at (NP its Arizona unit)))))) .)) (TOP (S (NP-SBJ-1 (NP OPEC 's) ability (S (NP-SBJ *) (VP to (VP produce (NP (NP more oil) (SBAR than (S (NP-SBJ it) (VP can (VP sell))))))))) (VP is (VP starting (S (NP-SBJ *-1) (VP to (VP cast (NP a shadow) (PP-DIR over (NP world oil markets))))))) .)) (TOP (S (NP-SBJ OPEC officials) (VP worry (SBAR that (S (NP-SBJ prices) (VP could (VP collapse (NP-TMP (NP a few months) (PP from (NP now))) (SBAR-ADV if (S (NP-SBJ the group) (VP does n't (VP adopt (NP new quotas)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Saatchi & Saatchi) (VP (VP has (VP attracted (NP (NP offers) (PP for (NP (NP some) (PP of (NP its advertising units))))))) but (VP has (VP rejected (NP them))))) , (NP-SBJ sources) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The proposals) , (PP from (NP (NP suitors) (PP including (NP Interpublic Group)))) ,) (VP come (SBAR-TMP as (S (NP-SBJ the London-based ad giant) (VP struggles (PP-CLR through (NP (NP its (ADJP most difficult) period) (ADVP-TMP ever))))))) .)) (TOP (S (NP-SBJ Qintex Australia) (VP suffered (NP another setback) (NP-TMP Friday) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ its Los Angeles-based affiliate) (VP filed (PP-CLR for (NP Chapter 11 protection)) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ (NP Qintex 's) (ADJP (QP $ 1.5 billion) *U*) pact (S (NP-SBJ *) (VP to (VP buy (NP MGM/UA))))) (VP collapsed (ADVP-TMP recently)) .)) (TOP (S (NP-SBJ-2 Kodak) (VP entered (NP the high-definition television market) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP unveiling (NP (NP a device) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP can (VP convert (NP conventional film) (PP-CLR into (NP high-definition video))))))))))) .)) (TOP (S (NP-SBJ-1 (NP A handful) (PP of (NP small U.S. firms))) (VP are (VP refusing (S (NP-SBJ *-1) (VP to (VP cede (NP the HDTV-screen market) (PP-CLR to (NP Japanese manufacturers))))))) .)) (TOP (S (NP-SBJ-1 Freight rates) (VP are (VP (VP bottoming (ADVP-CLR out)) and (VP starting (S (NP-SBJ *-1) (VP to (VP rebound)))))) .)) (TOP (S (NP-SBJ Trucking , shipping and air-freight firms) (VP are all (VP planning (NP rate increases) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP higher costs) and (NP tightened demand)))))) .)) (TOP (S (NP-SBJ Texaco) (VP has (VP purchased (NP (NP an oil-producing company) (PP-LOC in (NP Texas))) (PP-CLR for (NP (QP $ 476.5 million) *U*)))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP (NP Texaco 's) first major acquisition) (SBAR-TMP since (S (NP-SBJ (NP the legal battle) (PP with (NP Pennzoil))) (VP began (ADVP-TMP (NP over four years) ago)))))) .)) (TOP (S (NP-SBJ Winnebago) (VP (VP posted (NP a widened quarterly loss)) and (VP slashed (NP its dividend) (PP-CLR in (NP half))) , (S (NP-SBJ *) (VP reflecting (NP (NP the deepening slowdown) (PP-LOC in (NP recreational vehicle sales)))))) .)) (TOP (NP-HLN Markets --)) (TOP (NP-HLN Stocks :)) (TOP (NP (NP Volume) (NP 164,830,000 shares) .)) (TOP (NP (NP (NP Dow Jones industrials) (NP 2689.14) , (ADVP up (NP 5.94))) ; (NP (NP transportation) (NP 1230.80) , (ADVP off (NP 32.71))) ; (NP (NP utilities) (NP 215.48) , (ADVP up (NP 0.06))) .)) (TOP (NP-HLN Bonds :)) (TOP (NP (NP (NP Shearson Lehman Hutton Treasury index) (NP 3392.49) , (ADVP off)))) (TOP (NP-HLN Commodities :)) (TOP (NP (NP (NP Dow Jones futures index) (NP 129.62) , (ADVP off (NP 0.51))) ; (NP (NP spot index) (NP 131.34) , (ADVP up (NP 0.88))) .)) (TOP (NP-HLN Dollar :)) (TOP (FRAG (NP (NP (NP 142.43 yen) , (ADVP up (NP 0.73))) ; (NP (NP 1.8578 marks) , (ADVP up (NP 0.0108))) .))) (TOP (S (NP-SBJ (NP Inmac Corp.) , (NP (NP a money-losing direct marketer) (PP of (NP computer supplies and accessories))) ,) (VP said (SBAR 0 (S (NP-SBJ directors) (VP suspended (NP (NP payment) (PP of (NP its semiannual dividend))) (PP as (NP (NP (ADJP too great) a drain) (PP on (NP funds)))))))) .)) (TOP (S (NP-SBJ The company) (VP paid (NP (NP five cents) (NP-ADV a share)) (PP-TMP in (NP April))) .)) (TOP (S (NP-SBJ (NP (NP The directors ') action) , (VP (VP taken (NP *) (NP-TMP Oct. 10)) but (VP announced (NP *) (NP-TMP Friday))) ,) (VP had (NP (ADJP little or no) effect) (PP-CLR on (NP (NP (NP the company 's) stock) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP stagnated (PP-CLR at (NP $ 4.75 *U*)) (PP-LOC in (NP light over-the-counter trading)))))))) .)) (TOP (S (NP-SBJ Inmac) (ADVP-TMP recently) (VP disclosed (NP (NP a (ADJP (QP $ 12.3 million) *U*) write-off) (VP related (NP *) (PP-CLR to (NP (NP a corporate restructuring) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP resulted (PP-CLR in (S-NOM (NP-SBJ the company 's) (VP posting (NP (NP a (ADJP (QP $ 6.4 million) *U*) net loss) (PP *ICH*-2)) (PP for (NP (NP the year) (VP ended (NP-TMP July 29)))) , (PP-2 compared (PP with (NP (NP year-earlier profit) (PP of (NP (NP (QP $ 9.7 million) *U*) , or (NP (NP $ 1.02 *U*) (NP-ADV a share)))))))))))))))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 12 %) (PP-DIR to (NP (QP $ 249.5 million) *U*)) (PP-DIR from (NP (QP $ 222.8 million) *U*))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The board) (VP felt (SBAR that (S (NP-SBJ (NP the continued payment) (PP of (NP our semiannual dividend))) (VP was (ADJP-PRD inconsistent (PP with (NP recent operating results)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Kenneth A. Eldred) , (NP (NP president) and (NP chief executive officer))) .)) (TOP (S `` (S-TPC-4 (NP-SBJ-1 All our efforts) (VP are (ADVP-TMP now) (VP focused (NP *-1) (PP-CLR on (S-NOM (NP-SBJ *) (VP improving (NP earnings) (PP-CLR to (NP (NP the point) (SBAR (WHADVP-3 where) (S (NP-SBJ-2 we) (VP can (VP (VP fund (NP additional new-country development)) , (VP continue (S (NP-SBJ *-2) (VP to (VP invest (PP-CLR in (NP the business)))))) and (VP reinstate (NP the dividend)) (ADVP-LOC *T*-3))))))))))))) , '' (NP-SBJ he) (VP added (S *T*-4)) .)) (TOP (S (NP-SBJ The company) (VP offers (NP (NP (QP more than 3,500) parts and supplies)) (ADVP-MNR directly) (PP-DTV to (NP microcomputer and minicomputer users)) (PP through (NP catalog sales))) .)) (TOP (S (NP-SBJ The Food and Drug Administration) (VP said (SBAR 0 (S (NP-SBJ-3 American Home Products Corp.) (VP agreed (S (NP-SBJ *-3) (VP to (VP recall (NP (NP certain generic drugs) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were (VP produced (NP *-1) (PP by (NP-LGS (NP its Quantum Pharmics unit) (PP-LOC in (NP (NP Amityville) , (NP N.Y))))))))))))))))) .)) (TOP (S (NP-SBJ Quantum) (VP stopped (VP shipping (NP the drugs) (NP-TMP last month) , (PP-TMP following (NP (NP a federal investigation) (VP regarding (NP (NP information) (SBAR (WHNP-1 0) (S (NP-SBJ-2 the company) (VP supplied (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP obtain (NP three drug approvals))))))))))))) .)) (TOP (S (NP-SBJ The FDA) (VP requested (NP (NP the recall) (PP of (NP (NP Quantum 's) mioxidil tablets , chlorazepate dipotassium tablets and meclofenamate sodium capsules))) (SBAR-PRP because (PRN , (S (NP-SBJ it) (VP said (SBAR 0 (S *T*-2)))) ,) (S-2 (NP-SBJ-1 (NP the size) (PP of (NP (NP the production runs) (VP submitted (NP *) (PP-PRP for (NP testing)) (S-PRP (NP-SBJ *) (VP to (VP gain (NP FDA approval)))))))) (VP was (PP-LOC in (NP each case)) (VP misrepresented (NP *-1) (PP-CLR as (ADJP (ADJP much larger) (SBAR than (S (NP-SBJ it) (ADVP actually) (VP was (ADJP-PRD *?*))))))))))) .)) (TOP (S (NP-SBJ-1 (NP American Home Products) , (VP based (NP *) (PP-LOC-CLR in (NP New York))) ,) (VP agreed (S (NP-SBJ *-1) (VP to (VP recall (NP (NP four other products) , (NP trazadone , doxepin , diazepam and lorazapam)) , (PP-PRP because of (NP (NP concerns) (PP about (NP (NP data) (VP submitted (NP *) (PP-LOC in (NP their original approval applications)) (PP-LOC before (NP the FDA))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP No safety problems) (PP with (NP the products))) (VP are (VP known (NP *-1)))) , (NP-SBJ the FDA) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ An FDA spokesperson) (VP said (SBAR 0 (S (NP-SBJ the drugs) (VP are (ADVP-TMP still) (ADJP-PRD available) (PP-LOC under (NP other brand names)))))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ American Home Products) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (VP suspending (NP (NP production and distribution) (PP of (NP (NP all 21) (PP of (NP (NP Quantum 's) generic drug products))))) (PP pending (NP (NP the completion) (PP of (NP an exhaustive internal audit))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (ADVP-TMP temporarily) (VP closed (NP Quantum) , (PP-PRP because of (NP (NP the internal investigation) , as well as (NP (NP the FDA 's) ongoing inquiry)))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ American Home Products) (VP rose (NP-EXT 75 cents) (PP-DIR to (NP $ 105 *U*)) (PP-TMP on (NP Friday))) .)) (TOP (S (NP-SBJ Lyondell Petrochemical Co.) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP fell (NP-EXT 54 %) , (PP-DIR to (NP (NP (QP $ 73 million) *U*) , or (NP (NP 91 cents) (NP-ADV a share)))) , (PP-DIR from (NP (QP $ 160 million) *U*) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Year-earlier per-share results) (VP are n't (ADJP-PRD applicable) (SBAR-PRP because (S (NP-SBJ the company) (VP went (NP-PRD public) (PP-TMP in (NP January)))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 7.7 %) (PP-DIR to (NP (QP $ 1.28 billion) *U*)) (PP-DIR from (NP (QP $ 1.18 billion) *U*))) .)) (TOP (S (NP-SBJ The petrochemical maker) (VP said (SBAR 0 (S (NP-SBJ (NP the biggest reason) (SBAR (WHADVP-1 0) (S (NP-SBJ earnings) (VP declined (ADVP-PRP *T*-1))))) (VP was (NP-PRD (NP (NP a loss) (PP of (NP production time))) and (NP (NP the increased costs) (VP associated (NP *) (PP-CLR with (NP (NP a temporary maintenance closing) and (NP (NP expansion) (PP of (NP an olefins plant)))))))))))) .)) (TOP (S (PP Like (NP other refiners)) , (NP-SBJ (NP (NP Lyondell 's) margins) (PP for (NP chemicals and gasoline))) (VP were (ADJP-PRD narrower)) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-1 chemical margins) (VP continued (S (NP-SBJ *-1) (VP to (VP worsen))) (NP-TMP this quarter))))))) , (NP-SBJ costs) (VP will (VP be (ADJP-PRD lower) (SBAR-PRP because (S (NP-SBJ the maintenance and expansions) (VP are (ADJP-PRD complete)))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP Friday) , (NP-SBJ Lyondell) (VP was (ADJP-PRD unchanged (PP at (NP (NP $ 18.50 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ-1 Four former Cordis Corp. officials) (VP were (VP acquitted (NP *-1) (PP-CLR of (NP (NP federal charges) (VP related (NP *) (PP-CLR to (NP (NP (NP the Miami-based company 's) sale) (PP of (NP pacemakers))))) , (PP including (NP conspiracy (S (NP-SBJ *) (VP to (VP hide (NP pacemaker defects)))))))))) .)) (TOP (S (NP-SBJ (NP Jurors) (PP-LOC in (NP (NP U.S. District Court) (PP-LOC in (NP Miami))))) (VP cleared (NP (NP (NP Harold Hershhenson) , (NP a former executive vice president)) ; (NP (NP John Pagones) , (NP a former vice president)) ; and (NP (NP (NP Stephen Vadas) and (NP Dean Ciporkin)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP been (NP-PRD (NP engineers) (PP with (NP Cordis)))))))))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ-1 (NP Cordis) , (NP (NP a maker) (PP of (NP medical devices))) ,) (VP agreed (S (NP-SBJ-2 *-1) (VP (VP to (VP plead (S-ADV (NP-SBJ *-2) (ADJP-PRD guilty)) (PP-CLR to (NP (NP felony and misdemeanor charges) (ADJP related (PP to (NP the pacemakers))))))) and (VP to (VP pay (NP the government) (NP (NP (QP about $ 5.7 million) *U*) (PP in (NP (NP fines) and (NP other costs))))))))) .)) (TOP (S (NP-SBJ Cordis) (VP sold (NP its pacemaker operations) (ADVP-TMP (NP two years) ago) (PP-DTV to (NP (NP Telectronics Holding Ltd.) (PP of (NP Australia))))) .)) (TOP (NP-HLN PAPERS :)) (TOP (S (NP-SBJ-1 (NP Management and unions) (VP representing (NP (NP 2,400 employees) (PP-LOC at (NP (NP Torstar Corp. 's) Toronto Star))))) (VP reached (NP a tentative contract agreement) (NP-TMP Friday) , (S-ADV (NP-SBJ *-1) (VP averting (NP (NP a strike) (PP by (NP (NP most employees) (PP of (NP (NP Canada 's) largest daily newspaper)))))))) .)) (TOP (S (NP-SBJ (NP Members) (PP of (NP (NP the largest union) , (VP representing (NP 1,700 workers)) ,))) (VP voted (PP-MNR in (NP (NP favor) (PP of (NP the pact)))) (NP-TMP yesterday)) .)) (TOP (S (S (NP-SBJ-1 Four other unions) (VP have (ADVP-TMP yet) (S (NP-SBJ *-1) (VP to (VP vote))))) , but (S (NP-SBJ their leadership) (ADVP also) (VP recommended (NP approval))) .)) (TOP (S (NP-SBJ The pact) (VP proposes (NP (NP a (ADJP 2 1) contract) (PP with (NP (NP a raise) (PP of (NP (NP (NP 8 %) (PP-TMP in (NP the first year))) , (NP (NP 7 %) (PP-TMP in (NP the second))) and (NP (NP 4 %) (PP-TMP for (NP the final six months))))))))) .)) (TOP (S (NP-SBJ Amgen Inc.) (VP said (SBAR 0 (S (NP-SBJ its second-quarter earnings) (VP increased (ADVP more than tenfold) (PP-DIR to (NP (NP (QP $ 3.9 million) *U*) , or (NP (NP 22 cents) (NP-ADV a share)))) , (PP-PRP due (PP to (NP (NP increased sales) (PP of (NP (NP (NP the company 's) new antianemia drug) (PP for (NP kidney patients))))))))))) .)) (TOP (S (NP-SBJ The (ADJP Thousand Oaks , Calif.-based) biotechnology company) (VP reported (NP (NP a (ADJP 97 %) increase) (PP-LOC in (NP revenue)) (PP to (NP (QP $ 42.5 million) *U*))) (PP for (NP (NP the quarter) (VP ended (NP-TMP Sept. 30))))) .)) (TOP (S (PP-TMP In (NP the year-ago period)) , (NP-SBJ Amgen) (VP reported (NP (NP net income) (PP of (NP (NP $ 320,000 *U*) , or (NP (NP two cents) (NP-ADV a share)))) , (PP on (NP (NP revenue) (PP of (NP (QP $ 21.5 million) *U*)))))) .)) (TOP (S (PP For (NP the six months)) , (NP-SBJ the company) (VP reported (NP (NP a (ADVP more than sixfold) increase) (PP-LOC in (NP earnings)) (PP to (NP (NP (QP $ 4.7 million) *U*) , or (NP (NP 26 cents) (NP-ADV a share)))) , (PP from (NP (NP $ 625,000 *U*) , or (NP (NP four cents) (NP-ADV a share))) (ADVP-TMP (NP a year) ago)))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 77 %) (PP-DIR to (NP (QP $ 72.6 million) *U*)) , (PP-DIR from (NP (NP last year 's) (QP $ 41 million) *U*))) .)) (TOP (S (S (NP-SBJ LEBANESE LAWMAKERS) (VP APPROVED (NP a peace plan))) but (S (NP-SBJ Aoun) (VP rejected (NP it))) .)) (TOP (S (S (NP-SBJ-1 (NP Lebanon 's) Parliament) (VP passed (NP the power-sharing accord) (S-PRP (NP-SBJ *-1) (VP to (VP end (NP (NP the country 's) 14-year-old conflict)))))) , but (S (NP-SBJ the Christian military leader) (VP wad (SBAR 0 (S (NP-SBJ the plan) (VP was `` (ADJP-PRD full (PP of (NP ambiguities)))))))) . '')) (TOP (S (NP-SBJ (NP The Arab League-sponsored pact) , (VP drafted (NP *) (PP-TMP during (NP (NP three weeks) (PP of (NP (NP talks) (PP-LOC at (NP (NP the Saudi Arabian resort) (PP of (NP Taif))))))))) ,) (VP (VP includes (NP (NP Syrian proposals) (PP for (NP (NP (ADVP at least) a partial troop pullout) (PP from (NP Lebanon)))))) , and (VP guarantees (NP (NP an equal number) (PP of (NP seats)) (PP for (NP Moslems and Christians)) (PP-LOC in (NP the Parliament))))) .)) (TOP (S (NP-SBJ (NP The rejection) (PP by (NP (NP Aoun) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP demanded (NP (NP a (ADJP total and immediate) pull-out) (PP of (NP (NP Damascus 's) 33,000 troops))))))) ,))) (VP puts (NP (NP the future) (PP of (NP the agreement))) (PP-CLR in (NP doubt))) .)) (TOP (S (NP-SBJ-1 NORTHERN CALIFORNIA) (VP BRACED (NP *-1) (PP-CLR for (NP earthquake-related traffic jams))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ-1 rescuers) (VP pressed (NP their efforts) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP finding (NP a survivor) (PP-LOC-CLR in (NP a collapsed freeway)))))))) , (NP-SBJ the San Francisco Bay area) (VP girded (PP-CLR for (NP (NP (QP hundreds of thousands)) (PP of (NP (NP commuters) (VP seeking (S (NP-SBJ *) (VP to (VP avoid (NP (NP routes) (VP ravaged (NP *) (PP by (NP-LGS (NP last Tuesday 's) tremor))))))))))))) .)) (TOP (S (PP-LOC In (NP Oakland)) , (NP-SBJ officials) (VP said (SBAR 0 (S (NP-SBJ (NP the 57-year-old longshoreman) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP spent (NP four days) (S (NP-SBJ-3 *-2) (VP entombed (NP *-3) (PP-LOC-CLR in (NP rubble)))))))) (VP was (PP-LOC-PRD in (NP critical condition)) (PP with (NP slight improvement)))))) .)) (TOP (S (NP-SBJ (NP Estimates) (PP of (NP (NP damage) (PP-LOC in (NP (NP the area) , (VP visited (NP *) (NP-TMP Friday) (PP by (NP-LGS Bush))) ,))))) (VP topped (NP (QP $ 5 billion) *U*)) .)) (TOP (S (NP-SBJ The baseball commissioner) (VP announced (SBAR that (S (NP-SBJ (NP the third game) (PP of (NP the World Series)) (PP between (NP (NP the Giants) and (NP the Athletics)))) (VP would n't (VP resume (PP-TMP until (NP Friday))))))) .)) (TOP (S (NP-SBJ-1 THE U.S .) (VP IS (VP REQUIRED (S (NP-SBJ *-1) (VP to (VP notify (NP foreign dictators) (PP-CLR of (NP certain coup plans))))))) .)) (TOP (S (PP-LOC Under (NP (NP guidelines) (VP included (NP *) (PP-LOC-CLR in (NP (NP an exchange) (PP of (NP letters)) (PP between (NP (NP the Reagan administration) and (NP the Senate Intelligence panel))) (NP-TMP last year)))))) , (NP-SBJ the U.S.) (VP must (VP inform (NP foreign dictators) (PP-CLR of (NP (NP plans) (ADJP likely (S (NP-SBJ *) (VP to (VP endanger (NP their lives))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The existence) (PP of (NP the policy))) (VP became (VP known (NP *-1) (SBAR-TMP after (S (NP-SBJ-3 Bush) (VP disclosed (NP it) (PP-CLR to (NP seven GOP senators)) (NP-TMP last week) , (S-ADV (NP-SBJ *-3) (VP citing (NP the plan) (PP-CLR as (NP (NP an example) (PP of (NP (NP congressional requirements) (SBAR (WHNP-4 0) (S (NP-SBJ the administration) (VP contends (SBAR 0 (S (NP-SBJ *T*-4) (VP contribute (PP-CLR to (NP (NP the failure) (PP of (NP covert actions)))))))))))))))))))))) , (NP-SBJ officials) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ Bush) (VP conceded (SBAR that (S (NP-SBJ the requirement) (VP did n't (VP affect (NP a decision (S (NP-SBJ *) (VP to (VP lend (NP (ADJP only minor) support) (PP-DTV to (NP (NP this month 's) failed effort (S (NP-SBJ *) (VP to (VP oust (NP (NP Panama 's) Noriega)))))))))))))))) , (NP-SBJ aides) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP The shuttle Atlantis 's) crew) (VP prepared (S (NP-SBJ-2 *-1) (VP to (VP return (PP-DIR to (NP Earth)) (NP-TMP today) (ADVP-TMP (ADVP (NP several hours) earlier) (SBAR than (S (NP-SBJ *-2) (VP planned (S *?*))))) (S-PRP (NP-SBJ *-2) (VP to (VP avoid (NP (NP (NP high winds) (PP-LOC *ICH*-3)) (VP forecast (NP *) (PP-LOC-3 at (NP (NP the landing site) (PP-LOC at (NP (NP Edwards Air Force Base) , (NP-LOC Calif)))))))))))))) .)) (TOP (S (NP-SBJ (NP The five astronauts) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP stowed (NP gear)) and (VP tested (NP (NP the spacecraft 's) steering))))) ,) (VP said (SBAR 0 (S (NP-SBJ they) (VP were (ADJP-PRD unconcerned (PP about (NP (NP the touchy weather) (VP expected (NP *) (PP-LOC in (NP the Mojave Desert)))))))))) .)) (TOP (S (NP-SBJ Commonwealth leaders) (VP issued (NP (NP a declaration) (VP giving (NP South Africa) (NP (NP six months) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP (VP deliver (PP-CLR on (NP pledges (S (NP-SBJ *) (VP to (VP ease (NP apartheid)))))) (ADVP-TMP *T*-1)) or (VP face (NP new reprisals)))))))))) .)) (TOP (S (NP-SBJ-1 The 49-nation organization) , (S-ADV (NP-SBJ *-1) (VP meeting (PP-LOC in (NP Malaysia)))) , (VP called (PP-CLR for (NP (NP tighter financial pressure) (ADVP-TMP immediately)))) .)) (TOP (S (NP-SBJ (NP Britain 's) Prime Minister Thatcher) (ADVP alone) (VP dissented) .)) (TOP (S (NP-SBJ (NP East Germany 's) leadership) (VP vowed (NP swift action (S (NP-SBJ *) (VP to (VP ease (NP (NP travel) (PP to (NP the West)))))))) .)) (TOP (S (PP Despite (NP (NP the pledge) (PP by (NP the Communist rulers)))) , (NP-SBJ-1 (NP (QP tens of thousands)) (PP of (NP people))) (ADVP-LOC across (NP the country)) (VP staged (NP marches) (PP-TMP over (NP the weekend)) (S-PRP (NP-SBJ *-1) (VP to (VP demand (NP democratic freedoms))))) .)) (TOP (S (PP-LOC In (NP Leipzig)) , (NP-SBJ-1 (QP more than 500) people) (VP met (PP-CLR with (NP local party officials)) (S-PRP (NP-SBJ *-1) (VP to (VP discuss (NP internal changes))))) .)) (TOP (S (NP-SBJ-1 The Senate) (VP convicted (NP (NP federal Judge Alcee Hastings) (PP of (NP Miami))) (PP-LOC of (NP eight impeachment articles)) , (S-ADV (NP-SBJ *-1) (VP removing (NP him) (PP-DIR from (NP the bench))))) .)) (TOP (S (NP-SBJ-1 The chamber) (VP voted (ADVP 69-26) (NP-TMP Friday) (S (NP-SBJ *-1) (VP to (VP convict (NP the judge) (PP-CLR of (NP (NP perjury) and (NP bribery conspiracy))))))) .)) (TOP (S (NP-SBJ It) (VP marked (NP (NP the first time) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 a U.S. official) (VP was (VP impeached (NP *-1) (PP-CLR on (NP (NP charges) (SBAR (WHPP-3 of (WHNP which)) (S (NP-SBJ a jury) (VP had (VP acquitted (NP him) (PP-CLR *T*-3))))))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ-2 (NP Rep. Garcia) and (NP his wife)) (VP were (VP found (S (NP-SBJ-3 *-2) (ADJP-PRD guilty (PP *ICH*-1))) (PP by (NP-LGS (NP a federal jury) (PP-LOC in (NP New York)))) (PP-1 of (S-NOM (NP-SBJ *-3) (VP extorting (NP $ 76,000 *U*) (PP-CLR from (NP Wedtech Corp.)) (PP in (NP (NP return) (PP for (NP (NP official acts) (PP by (NP the New York Democrat))))))))))) .)) (TOP (S (NP-SBJ The jury) (ADVP also) (VP convicted (NP them) (PP-CLR of (NP (NP extortion) (PP in (S-NOM (NP-SBJ *) (VP obtaining (NP a (ADJP $ 20,000 *U*) interest-free loan) (PP-CLR from (NP (NP an officer) (PP of (NP the defunct defense contractor)))))))))) .)) (TOP (S (NP-SBJ (NP Authorities) (PP-LOC in (NP Honduras))) (VP launched (NP (NP an investigation) (PP into (NP (NP the cause) (PP of (NP (NP (NP Saturday 's) crash) (PP of (NP a Honduran jetliner)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP killed (NP (NP 132) (PP of (NP (NP the 146 people) (ADVP-LOC aboard))))))))))))) .)) (TOP (S (NP-SBJ (NP The Boeing 727) , (PP en (NP (NP route) (PP to (NP Honduras)) (PP from (NP Costa Rica)) (PP via (NP Nicaragua)))) ,) (VP smashed (PP-DIR into (NP (NP the hills) (ADVP-LOC outside (NP Tegucigalpa)))) (SBAR-TMP as (S (NP-SBJ it) (VP approached (NP (NP the capital 's) airport) (PP-LOC in (NP (NP high winds) and (NP low clouds))))))) .)) (TOP (S (NP-SBJ (NP The U.S.) and (NP Israel)) (VP have (VP been (VP holding (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP an aide) (PP to (NP (NP Prime Minister) (NP Shamir)))) (VP called (S (NP-SBJ *T*-1) (NP-PRD intense telephone negotiations))))) (PP in (NP an effort (S (NP-SBJ *) (VP to (VP bridge (NP (NP differences) (PP-LOC over (NP Mideast peace moves))))))))))) .)) (TOP (S (NP-SBJ-1 The Labor Party) , (ADVP-TMP meanwhile) , (VP threatened (S (NP-SBJ *-1) (VP to (VP support (NP a parliamentary motion (S (NP-SBJ *) (VP to (VP topple (NP the coalition))))) (SBAR-ADV unless (S (NP-SBJ Shamir) (VP showed (NP (NP flexibility) (PP-LOC on (NP Arab-Israeli talks)))))))))) .)) (TOP (S (NP-SBJ (NP Nicaragua 's) Defense Ministry) (VP said (SBAR 0 (S (NP-SBJ-1 (NP a group) (PP of (NP Contra rebels))) (VP ambushed (NP (NP two trucks) (VP carrying (NP troops))) (PP-LOC in (NP northern Nicaragua)) , (S-ADV (NP-SBJ *-1) (VP killing (NP (NP 18) (PP of (NP the soldiers))))))))) .)) (TOP (S (NP-SBJ The incident) (VP occurred (NP-TMP Saturday night)) .)) (TOP (S (S (NP-SBJ-1 (NP The Sandinista government) and (NP the U.S.-backed insurgents)) (VP agreed (PP-TMP in (NP March)) (S (NP-SBJ *-1) (VP to (VP suspend (NP offensive operations)))))) , but (S (NP-SBJ there) (VP has (VP been (NP-PRD sporadic fighting)))) .)) (TOP (S (S-TPC-2 (NP-SBJ Scientists) (VP have (VP isolated (NP (NP a molecule) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP may (VP hold (NP potential) (PP as (NP (NP a treatment) (PP for (NP (NP disruptions) (PP of (NP the immune system)) , (VP ranging (PP-DIR (PP from (NP organ-transplant rejection)) , (PP to (NP allergies and asthma)))))))))))))))) , (NP-SBJ Immunex Corp.) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The molecule) (VP is (NP-PRD (NP the mouse version) (PP of (NP (NP a protein) (VP called (NP the interleukin-4 receptor)) , (SBAR (WHNP-5 which) (S (NP-SBJ *T*-5) (VP directs (NP (NP the growth and function) (PP of (NP white blood cells)))))))))) .)) (TOP (S (VP Died) : (NP-SBJ (NP Alfred Hayes) , (NP 79) , (NP (NP former president) (PP of (NP (NP the Federal Reserve Bank) (PP of (NP New York)))))) , (NP-TMP Saturday) , (PP-LOC in (NP (NP New Canaan) , (NP Conn))) .)) (TOP (S (NP-SBJ Contel Corp.) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP increased (NP-EXT 16 %) (PP-DIR to (NP (NP (QP $ 72 million) *U*) , or (NP (NP 45 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 62 million) *U*) , or (NP (NP 39 cents) (NP-ADV a share)))) , (PP-PRP as (NP (NP a result) (PP of (NP (NP strong growth) (PP-LOC in (NP (NP telephone-access lines) and (NP (NP long-distance minutes) (PP of (NP use))))))))))))) .)) (TOP (S (NP-SBJ (NP The telecommunications company 's) results) (VP included (NP (NP a one-time gain) (PP of (NP (NP (QP $ 4 million) *U*) , or (NP (NP two cents) (NP-ADV a share)))) , (PP from (NP (NP the sale) (PP of (NP (NP Contel Credit) , (NP a leasing and financial-services subsidiary))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 8.3 %) (PP-DIR to (NP (QP $ 780 million) *U*)) (PP-DIR from (NP (QP $ 720 million) *U*))) .)) (TOP (S (NP-SBJ Telephone-operations quarterly profit) (VP increased (NP-EXT 9 %) (PP-DIR to (NP (QP $ 84 million) *U*)) (PP-DIR from (NP (QP $ 77 million) *U*)) , (SBAR-ADV while (S (NP-SBJ federal-systems earnings) (VP declined (NP-EXT 33 %) (PP-DIR to (NP (QP $ 4 million) *U*)) (PP-DIR from (NP (QP $ 6 million) *U*)))))) .)) (TOP (S (NP-SBJ Information systems) (VP posted (NP (NP a loss) (PP of (NP (QP $ 8 million) *U*))) , (PP compared (PP with (NP (NP a loss) (PP of (NP (NP (QP $ 9 million) *U*) (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (S (NP-SBJ Customer-access lines) (VP increased (PP at (NP (NP an annualized rate) (PP of (NP (QP about 4) %)))))) and (S (NP-SBJ (NP minutes) (PP of (NP long-distance use))) (VP rose (NP-EXT about 12 %))) .)) (TOP (S (NP-SBJ-1 (NP A (ADJP 10 %) gain) (PP-LOC in (NP operating profit)) (PP-TMP in (NP the quarter))) (VP was (VP offset (NP *-1) (PP by (NP-LGS (NP a (ADJP 21 %) boost) (PP-LOC in (NP interest expense)) , (VP reflecting (NP higher (NX (NX consolidated borrowings) and (NX interest rates)))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Contel) (VP closed (PP-CLR at (NP (NP $ 33.75 *U*) (NP-ADV a share))) , (ADVP down (NP .50 cents))) .)) (TOP (S (PP-LOC In (NP (NP East Germany) , (SBAR (WHADVP where) (S (NP-SBJ humor) (VP has (ADVP-TMP long) (VP been (NP-PRD (NP the only way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP express (NP political criticism) (ADVP *T*-1)))))))))))) , (NP-SBJ they) (VP 're not (VP laughing (PP-CLR about (NP their new leader Egon Krenz)))) .)) (TOP (S (NP-SBJ Mr. Krenz) (VP is (NP-PRD (NP such a contradictory figure) (SBAR that (S (NP-SBJ nobody) (VP has (ADVP even) (VP come (PRT up) (PP-CLR with (NP (NP any good jokes) (PP about (NP him)))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-2 You) (VP have (S (NP-SBJ *-2) (VP to (VP have (NP (NP clear feelings) (PP about (NP someone))) (SBAR-TMP before (S (NP-SBJ you) (VP can (VP make (NP jokes)))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP an East German mother) (PP of (NP two)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP loves (VP swapping (NP political barbs) (PP with (NP her friends))))))) .)) (TOP (S `` (PP With (NP Krenz)) , (NP-SBJ we) (ADVP just) (VP do n't (VP know (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *) (VP to (VP expect (NP *T*-1))))))) . '')) (TOP (S (NP-SBJ-2 Mr. Krenz) (VP does n't (VP seem (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP the knee-jerk hardliner) (SBAR (WHNP-3 0) (S (NP-SBJ many) (ADVP-TMP initially) (VP thought (SBAR 0 (S (NP-SBJ he) (VP was (NP-PRD *T*-3)))) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-1 the 52-year-old Politburo member) (VP was (VP selected (NP-TMP last week) (S (NP-SBJ *-1) (VP to (VP succeed (NP Erich Honecker)))) (ADVP-TMP *T*-4)))))))))))))) .)) (TOP (S But (NP-SBJ-1 he) (VP does n't (VP appear (S (NP-SBJ-2 *-1) (VP to (VP be (ADJP-PRD ready (S (NP-SBJ *-2) (VP to (VP make (NP broad changes))))) (ADVP either)))))) .)) (TOP (S (PP According (PP to (NP (NP East Germany 's) ADN news agency))) , (NP-SBJ Mr. Krenz) (VP (VP spoke (PP-CLR to (NP Soviet leader Mikhail Gorbachev)) (PP-MNR by (NP telephone)) (PP-TMP over (NP the weekend))) and (VP acknowledged (SBAR 0 (S (NP-SBJ East Germany) (VP could (VP learn (PP-CLR from (NP (NP Moscow 's) glasnost policies)))))))) .)) (TOP (S (ADVP-TMP Already) (NP-TMP last week) , (NP-SBJ-1 Mr. Krenz) (VP started (S (NP-SBJ *-1) (VP overhauling (NP (NP East Germany 's) (ADJP (ADJP heavily censored) and (ADJP notoriously boring)) news media)))) .)) (TOP (S (PP-TMP On (NP Thursday)) , (SBAR-TMP (NP a day) after (S (NP-SBJ he) (VP took (NP office)))) , (NP-SBJ-1 (ADJP East German) television) (VP broke (PP-CLR into (NP regular programming)) (S-PRP (NP-SBJ *-1) (VP to (VP launch (NP (NP a talk show) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ viewers) (VP call (PRT in) (NP (NP questions) (SBAR (WHNP-3 0) for (S (NP-SBJ (NP a panel) (PP of (NP officials))) (VP to (VP answer (NP *T*-3)))))) (PP-LOC *T*-2))))))))) .)) (TOP (S (NP-SBJ (NP The regular nightly news program) and (NP daily newspapers)) (VP are (ADVP also) (VP getting (NP (NP a visible injection) (PP of (NP Soviet-style glasnost))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP was (NP-PRD quite a shock))) , '' (VP says (S *T*-1)) (NP-SBJ a 43-year-old East German shopkeeper) .)) (TOP (S `` (PP-TMP For (NP (NP the first time) (PP-LOC in (NP my life)))) , (NP-SBJ I) (VP was n't (ADJP-PRD sure (SBAR whether (S (NP-SBJ I) (VP was (VP listening (PP-CLR to (NP (NP our news) or (NP (ADJP West German) television))))))))) . '')) (TOP (S (NP-SBJ-1 (NP Other changes) , (PP including (S-NOM (NP-SBJ *) (VP easing (NP (NP restrictions) (PP on (NP travel)) (PP for (NP East Germans)))))) ,) (VP are (VP expected (NP *-1))) .)) (TOP (S But (SBAR-SBJ whether (S (NP-SBJ such moves) (VP can (VP win (ADVP-CLR back) (NP (NP the confidence) (PP of (NP (NP East Germans) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP have (VP taken (PP-CLR to (NP the streets)) (PP-MNR by (NP the thousands)) (PP-TMP in (NP recent weeks)) (S-PRP (NP-SBJ *-2) (VP to (VP demand (NP democratic changes)))))))) ,))))))) (VP depends (ADVP largely) (PP-CLR on (SBAR whether (S (NP-SBJ they) (VP feel (SBAR 0 (S (NP-SBJ they) (VP can (VP trust (NP Mr. Krenz)))))))))) .)) (TOP (S And (NP-SBJ that) (VP 's (NP-PRD a problem)) .)) (TOP (S (NP-SBJ-1 Mr. Krenz) (VP is (VP (CONJP not only) (VP (ADVP-MNR closely) identified (NP *-1) (PP-CLR with (NP (NP his mentor) , (NP Mr. Honecker)))) , (CONJP but also) (VP blamed (NP-2 *-1) (PP-CLR (PP for (S-NOM (NP-SBJ *-2) (VP ordering (NP (NP violent police action) (PP against (NP protesters)) (NP-TMP this month))))) and (PP for (S-NOM (NP-SBJ *-2) (VP praising (NP-3 China) (PP-CLR for (S-NOM (NP-SBJ *-3) (VP sending (NP tanks) (PP-CLR against (NP student demonstrators)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP hope (SBAR 0 (S (NP-SBJ he) (VP grows (PP with (NP the job))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Rainer Eppelmann) , (NP (NP a Protestant pastor) (PP-LOC in (NP East Berlin)))) .)) (TOP (S `` (NP-SBJ The (ADJP most important) thing) (VP is (SBAR-PRD that (S (NP-SBJ he) (VP have (NP a chance))))) . '')) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 Mr. Krenz) (VP is (VP dedicated (NP *-1) (PP-CLR to (NP (NP (NP East Germany 's) conservative vein) (PP of (NP communism)))))))) , (NP-SBJ there) (VP is (NP-PRD (NP much) (PP about (NP his style)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP sets (NP-CLR him) (ADVP-CLR apart) (PP-CLR from (NP his party comrades))))))) .)) (TOP (S (PP Unlike (NP (NP Mr. Honecker) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP tended (S (NP-SBJ *-2) (VP to (VP lecture (NP people) (PP-CLR about (NP socialist values)))))))))) , (NP-SBJ-3 Mr. Krenz) (VP enjoys (S (NP-SBJ *-3) (VP asking (NP questions)))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP one) (PP of (NP (NP his first actions) (PP as (NP leader))))) (VP was (S-PRD (NP-SBJ *) (VP to (VP (VP visit (NP (NP a gritty machine factory) (PP-LOC on (NP (NP the outskirts) (PP of (NP Berlin)))))) and (VP wander (PP-LOC among (NP the workers)) -- (ADVP-MNR a la (NP Gorbachev))))))) .)) (TOP (S (NP-SBJ-1 He) (VP was (ADVP-TMP later) (VP shown (NP *-1) (PP-LOC on (NP television)) , (S-ADV (NP-SBJ *-1) (VP fielding (NP questions))))) .)) (TOP (S (PP-TMP At (NP one point)) , (NP-SBJ he) (VP asked (NP a worker) (SBAR whether (S (NP-SBJ he) (VP thought (SBAR 0 (S (NP-SBJ East Germans) (VP were (VP fleeing (NP the country) (PP-PRP because of (NP restrictive travel policies)))))))))) .)) (TOP (NP (NP (NP The worker 's) tart reply) : `` (S (NP-SBJ It) (VP 's (NP-PRD (NP more) (PP than (NP just travel))))) .)) (TOP (S (NP-SBJ People) (VP have (NP a sense (SBAR 0 (S (NP-SBJ the government) (VP is (VP ignoring (NP (NP the real problems) (PP-LOC in (NP our society))))))))) . '')) (TOP (S (NP-SBJ The exchange) (VP was (ADJP-PRD (NP all the more) remarkable) (PP-PRP in (SBAR that (S (NP-SBJ authorities) (VP released (NP television footage) (PP-CLR to (NP Western news agencies))))))) .)) (TOP (S (NP-SBJ (NP This same tendency) (PP toward (NP openness))) (VP impressed (NP (NP a group) (PP of (NP visiting U.S. congressmen))) (NP-TMP this spring)) .)) (TOP (S-3 (PP Rather than (S-NOM (NP-SBJ-2 *) (VP trying (S (NP-SBJ *-2) (VP to `` (VP lecture (NP us))))))) (PRN , '' (SINV (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP one congressional aide) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP attended (NP the two-hour meeting)))))) ,) (NP-SBJ-4 Mr. Krenz) `` (VP wanted (S (NP-SBJ *-4) (VP to (VP listen)))) . '')) (TOP (S (NP-SBJ (NP (NP Rep. Ronnie Flippo) -LRB- (NP D.) , (NP-LOC Ala.) -RRB-) , (NP (NP one) (PP of (NP (NP the members) (PP of (NP the delegation))))) ,) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP was (VP (ADVP particularly) impressed (NP *-1) (PP by (NP-LGS (NP Mr. Krenz 's) ready admission (SBAR that (S (NP-SBJ-2 East Germany) (VP needed (S (NP-SBJ *-2) (VP to (VP change))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ He) (VP 's (NP-PRD (NP a (ADVP very tough) man) , but (NP (NP one) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP 's (ADVP also) (ADJP-PRD open (PP to (NP arguments)))))))))) , '' (VP adds (S *T*-2)) (NP-SBJ (NP an aide) (PP to (NP (ADJP West German) Chancellor Helmut Kohl))) .)) (TOP (S But (NP-SBJ there) (VP 's (NP-PRD another side) (PP to (NP Mr. Krenz))) .)) (TOP (S (S-ADV (NP-SBJ-2 *) (VP Born (NP *-2) (PP-LOC in (NP (NP a Baltic town) (PP-LOC in (NP (NP an area) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADVP-TMP now) (NP-PRD (NP part) (PP of (NP Poland)))))))))))) , (NP-SBJ he) (VP has (VP dedicated (NP his life) (PP-CLR to (NP the party apparatus)))) .)) (TOP (S (NP-SBJ He) (VP (VP moved (ADVP-MNR quickly) (PP-CLR through (NP the ranks)) (PP with (NP (NP the help) (PP of (NP (NP his patron) , (NP Mr. Honecker)))))) , and (VP emerged (PP-CLR as (NP the heir apparent)))) .)) (TOP (S (NP-SBJ (NP Barbara Donovan) , (NP (NP an expert) (PP on (NP East Germany)) (PP-LOC at (NP (NP Radio Free Europe) (PP-LOC in (NP Munich))))) ,) (VP says (SBAR 0 (S (S (NP-SBJ Mr. Krenz) (VP may (VP project (NP a smooth image)))) , but (S (NP-SBJ she) (VP doubts (SBAR 0 (S (NP-SBJ he) (VP 's (NP-PRD a true reformer))))))))) .)) (TOP (S-1 (SBAR-ADV Even if (S (NP-SBJ he) (VP is (NP-PRD *?*)))) (PRN , (S (NP-SBJ she) (VP adds (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 he) (VP appears (S (NP-SBJ *-2) (VP to (VP have (NP (NP only limited room) (PP for (NP maneuver)) (PP-LOC within (NP (NP the Communist Party 's) ruling Politburo))))))) .)) (TOP (S (PP-LOC Against (NP this background)) , (NP-SBJ-1 the new East German leader) (VP must (VP move (ADVP-MNR quickly) (S-PRP (NP-SBJ *-1) (VP to (VP shore (PRT up) (NP (NP his government 's) standing)))))) .)) (TOP (S (NP-SBJ (NP (NP The sudden growth) (PP of (NP the opposition movement))) , together with (NP (NP the steady outflow) (PP of (NP (NP citizens) (VP escaping (PP through (NP Poland and Hungary)))))) ,) (VP has (VP plunged (NP the country) (PP-DIR into (NP (NP its deepest political crisis) (PP-TMP since (NP (NP (NP an anti-Soviet workers ') uprising) (PP-TMP in (NP 1953)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ He) (VP does n't (VP have (NP any honeymoon period)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP a Western diplomat) (VP based (NP *) (PP-LOC-CLR in (NP East Berlin)))) .)) (TOP (S `` But (SBAR-ADV if (S (NP-SBJ he) (VP 's (ADJP-PRD sharp and quick)))) , (NP-SBJ he) (VP has (NP a chance)) . '')) (TOP (S (NP-SBJ The diplomat) (VP adds (SBAR that (S (NP-SBJ Mr. Krenz) (VP has (NP (NP several things) (VP going (PP for (NP him)))))))) .)) (TOP (S (NP-SBJ The East German economy) (VP is (ADJP-PRD strong) (PP compared (PP with (NP other East bloc nations)))) .)) (TOP (S And (NP-SBJ his relative youth) (VP could (VP help (S (NP-SBJ him) (VP project (NP (NP a (ADJP more vibrant) image) , (VP contrasting (PP-CLR with (NP (NP the perception) (PP of (NP Mr. Honecker)) (PP as (NP an out-of-touch old man)))))))))) .)) (TOP (S (PP For (NP average East Germans)) , (NP-SBJ Mr. Krenz) (VP remains (NP-PRD a puzzle)) .)) (TOP (SINV `` (S-TPC Either (S (NP-SBJ he) (VP was n't (VP being (ADJP-PRD real) (PP-TMP in (NP the past))))) , or (S (NP-SBJ he) (VP is n't (VP being (ADJP-PRD real) (ADVP-TMP right now))))) , '' (VP says) (NP-SBJ a 30-year-old East German doctor) .)) (TOP (S `` (NP-ADV Either way) , (NP-SBJ I) (VP have (NP a problem) (PP with (SBAR-NOM (WHADVP-1 how quickly) (S (NP-SBJ he) (VP 's (VP changed (ADVP-MNR *T*-1))))))) . '')) (TOP (S (NP-SBJ The doctor) (VP was (PP-LOC-PRD among (NP (NP dozens) (PP of (NP people)) (VP milling (PP-DIR through (NP (NP East Berlin 's) Gethsemane Church)) (NP-TMP Saturday morning))))) .)) (TOP (S (NP-SBJ-1 (NP The walls) (PP of (NP the church))) (VP are (VP covered (NP *-1) (PP-CLR with (NP (NP (NP leaflets) , (NP news clippings) , and (NP handwritten notes)) (VP associated (NP *) (PP-CLR with (NP (NP the country 's) political opposition))))))) .)) (TOP (S-4 `` (NP-SBJ-1 I) (VP have (S (NP-SBJ-3 *-1) (VP to (VP come (ADVP-CLR here)))) (S-PRP (NP-SBJ *-3) (VP to (VP read (NP the walls)))) (PRN , '' (SINV (VP says (S *T*-4)) (NP-SBJ the doctor)) ,) `` (SBAR-PRP because (S (NP-SBJ it) (VP 's (NP-PRD (NP information) (SBAR (WHNP-2 0) (S (NP-SBJ I) (ADVP-TMP still) (VP ca n't (VP get (NP *T*-2) (PP through (NP the newspapers))))))))))) . '')) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP East Germany 's) growing openness) (VP may (ADVP even) (VP allow (S (NP-SBJ the state-controlled news media) (VP to (VP display (NP (NP a muted sense) (PP of (NP humor)))))))) .)) (TOP (S (NP-SBJ Television) (NP-TMP last week) (VP carried (NP (NP a new report) (PP on (NP (NP (NP East Berlin 's) main wallpaper factory) and (NP the need (S (NP-SBJ *) (VP to (VP boost (NP production))))))))) .)) (TOP (S (NP-SBJ East Germans) (VP remember (NP (NP a comment) (ADVP-TMP (NP a few years) ago) (PP by (NP (NP Kurt Hager) , (NP (NP the government 's) top ideologist))) , (SBAR that (S (SBAR-PRP (ADVP just) because (S (NP-SBJ a neighbor) (VP hangs (NP new wallpaper)))) , (NP-SBJ there) (VP 's (NP-PRD (NP no reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP change (NP your own) (ADVP-PRP *T*-1))))))))))) .)) (TOP (S (NP-SBJ His point) (VP was (SBAR-PRD 0 (S (NP-SBJ there) (VP is (NP-PRD (NP no reason) (SBAR for (S (NP-SBJ East Germany) (VP to (VP copy (NP Soviet-style changes)))))))))) .)) (TOP (S-4 `` (S (NP-SBJ (NP It) (S *EXP*-2)) (VP 's (ADJP-PRD hard) (S-2 (NP-SBJ *) (VP to (VP know (SBAR whether (S (NP-SBJ-3 it) (VP was (VP intended (S (NP-SBJ *-3) (VP to (VP be (ADJP-PRD funny))))))))))))) (PRN , '' (SINV (VP says (S *T*-4)) (NP-SBJ the East Berlin shopkeeper)) ,) `` But (S (NP-SBJ (NP everyone) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP know (NP *T*-1))))) (VP laughed (PP-CLR about (NP it)))) .)) (TOP (S (NP-SBJ (NP The list) (PP of (NP (NP laboratories) (VP claiming (S (NP-SBJ *) (VP to (VP be (VP producing (NP (NP inexplicable amounts) (PP of (NP heat))) (PP-CLR from (NP `` cold fusion '' experiments)))))))))) (VP is (ADVP-MNR slowly) (VP growing)) .)) (TOP (S But (NP-SBJ-2 the experiments) (VP continue (S (NP-SBJ-1 *-2) (VP to (VP be (VP plagued (NP *-1) (PP by (NP-LGS (NP lack) (PP of (NP firm evidence (SBAR that (S (NP-SBJ the extra heat) (VP is (VP coming (PP-DIR from (NP (NP the fusing) (PP of (NP hydrogen atoms))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP New experiments) (PP-LOC at (NP (NP some) (PP of (NP the big national laboratories))))) (VP are (ADVP-TMP still) (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP find (NP (NP hints) (PP of (NP nuclear fusion reactions))))))) , (S-ADV (NP-SBJ *) (VP leaving (S (NP-SBJ (NP only the finding) (PP of (NP tritium)) (PP-LOC in (NP a Texas experiment))) (VP to (VP support (NP (NP (NP (NAC University (PP of (NP Utah))) chemists ') claim) (PP of (S-NOM (NP-SBJ *) (VP achieving (NP hydrogen fusion) (PP at (NP room temperatures)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The latest developments) (PP-LOC in (NP cold fusion research))) (VP were (VP presented (NP *-1) (PP-LOC in (NP (NP 24 reports) (VP delivered (NP *) (PP-LOC at (NP (NP the fall meeting) (ADVP-LOC here) (PP of (NP the Electrochemical Society)) , (NP (NP the first scientific meeting) (PP-TMP in (NP five months)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP hear (NP (NP formal reports) (PP on (NP cold fusion experiments))))))))))))))) .)) (TOP (S (NP-SBJ The meeting) (VP offered (NP (NP stark evidence) (PP of (NP (NP a dramatic fall) (PP-LOC in (NP (NP scientific interest) (PP in (NP cold fusion research)))))))) .)) (TOP (S (PP-TPC-1 Of (NP (NP the 1,300 chemists) (VP registered (NP *) (PP-CLR for (NP (NP the society 's) weeklong meeting))))) , (NP-SBJ (NP (QP fewer than 200)) (PP *T*-1)) (VP sat (PP-CLR through (NP (NP (NP the day) and (NP a half)) (PP of (NP cold fusion presentations)) (PP-TMP at (NP (NP week 's) end))))) .)) (TOP (S (NP-SBJ This) (VP was (PP-PRD in (NP (NP contrast) (PP with (NP (NP (NP the society 's) meeting) (NP-TMP last May) , (PP-TMP at (NP (NP the height) (PP of (NP the controversy)))) , (SBAR (WHADVP-1 when) (S (NP-SBJ (QP more than 1,500) scientists) , (PP along (PP with (NP (NP scores) (PP of (NP (NP reporters) and (NP TV crews)))))) , (VP crowded (PP-DIR into (NP a Los Angeles hotel ballroom)) (PP-PRP for (NP (NP a tumultuous special night session) (PP on (NP the subject)))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP Neither) (PP of (NP (NP the two chemists) (SBAR (WHNP-1 whose Utah experiments) (S (NP-SBJ *T*-1) (VP triggered (NP the cold fusion uproar)))) , (NP (NP Martin Fleischmann) and (NP B. Stanley Pons)))) ,) (VP were (PP-LOC-PRD at (NP the meeting))) .)) (TOP (S But (NP-SBJ (NP some members) (PP of (NP (NP an ad hoc expert committee) (VP set (NP-1 *) (PRT up) (PP by (NP-LGS (NP the Department) (PP of (NP Energy)))) (S-CLR (NP-SBJ *-1) (VP to (VP evaluate (NP the cold fusion research)))))))) (VP were (PP-LOC-PRD in (NP the audience))) .)) (TOP (S (NP-SBJ-1 The committee) (VP is (S (NP-SBJ *-1) (VP to (VP recommend (PP-TMP at (NP (NP the end) (PP of (NP the month)))) (SBAR whether (S (NP-SBJ DOE) (VP should (VP support (NP cold fusion research))))))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP (NP the (QP two dozen) scientists) (VP taking (NP the podium))))) (VP reported (NP (NP results) (PP with (NP (NP new , (ADJP more sophisticated) variations) (PP of (NP (NP the (ADJP seemingly simple) electrolysis-of-water experiments) (VP described (NP *) (NP-TMP last March) (PP by (NP-LGS Messrs. Fleischmann and Pons))))))))) .)) (TOP (S (NP-SBJ The experiments) (VP involve (S (NP-SBJ *) (VP (VP encircling (NP (NP a thin rod) (PP of (NP palladium metal))) (PP-CLR with (NP (NP a wire) (PP of (NP platinum))))) and (VP plunging (NP the two electrodes) (PP-DIR into (NP (NP `` heavy '' water) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ the hydrogen atoms) (VP are (NP-PRD (NP a (ADJP doubly heavy) form) (VP known (NP *) (PP-CLR as (NP deuterium)))) (PP-LOC *T*-1)))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 an electric current) (VP is (VP applied (NP *-1) (PP-CLR to (NP the palladium and platinum electrodes)) (ADVP-TMP *T*-2))))) , (NP-SBJ-3 the heavy water) (VP did (VP begin (S (NP-SBJ *-3) (VP to (VP (VP break (ADVP-CLR up)) , or (VP dissociate)))))) .)) (TOP (S (ADVP Ordinarily) (NP-SBJ (NP the electrolysis , or breakup ,) (PP of (NP the water))) (VP would (VP consume (NP (NP almost all) (PP of (NP the electrical energy))))) .)) (TOP (S But (NP-SBJ Messrs. Fleischmann and Pons) (VP said (SBAR 0 (S (NP-SBJ their experiments) (ADVP also) (VP produced (NP (NP large amounts) (PP of (NP heat))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The heat energy) plus (NP (NP the energy) (VP consumed (NP *) (PP by (NP-LGS (NP the breakup) (PP of (NP the water molecules))))))) (VP added (PP-CLR to (NP (NP (NP (ADJP far more) energy) (PP *ICH*-1)) (VP coming (ADVP-DIR out (PP of (NP the apparatus)))) (PP-1 than (S-NOM (NP-SBJ electrical energy) (VP going (ADVP-DIR in)))))))) , (NP-SBJ they) (VP reported (SBAR 0 (S *T*-2))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ they) (ADVP also) (VP detected (NP (NP tritium) and (NP (NP indications) (PP of (NP nuclear radiation))))))) , (NP-SBJ they) (VP asserted (SBAR that (S (NP-SBJ the `` excess '' heat energy) (VP must (VP be (VP coming (PP-DIR from (NP (NP energy) (VP released (NP *) (PP by (NP-LGS (NP the nuclear fusion) (PP of (NP (NP deuterium atoms) (PP-LOC inside (NP the palladium rod))))))))))))))) .)) (TOP (S (PP-TMP As (PP of (NP last weekend))) , (NP-SBJ-1 a dozen labs) (ADVP also) (VP have (VP reported (S (NP-SBJ *-1) (VP measuring (NP `` excess '' heat) (PP-CLR from (NP similar electrolytic experiments)))) , (SBAR-ADV although (S (NP-SBJ (NP amounts) (PP of (NP such heat))) (VP vary (ADVP-MNR widely)))))) .)) (TOP (S (NP-SBJ-1 (NP One) (PP of (NP (NP (NP the seven reports) (PP *ICH*-2)) (VP presented (NP *) (ADVP-LOC here)) (PP-2 of (NP excess heat production))))) (VP was (VP given (NP *-1) (PP by (NP-LGS (NP Richard A. Oriani) , (NP (NP professor) (PP of (NP chemical engineering)) (PP-LOC at (NP (NP the University) (PP of (NP Minnesota))))))))) .)) (TOP (S (NP-SBJ Mr. Oriani) (VP said (SBAR 0 (S (NP-SBJ (NP his skepticism) (PP of (NP the Utah claims))) (VP was (ADVP-TMP initially) (VP confirmed (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 (NP his first experiments) (NP-TMP last spring)) (VP failed (S (NP-SBJ *-2) (VP to (VP produce (NP results)))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S But (NP-SBJ he) (ADVP-TMP then) (VP borrowed (NP a palladium rod) (PP-CLR from (NP (NP chemists) (PP-LOC at (NP Texas A&M)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ they) (VP were (VP getting (NP excess heat))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The results) (VP were (ADJP-PRD fascinating))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (PP On (NP (NP the fourth `` run '') (PP with (NP the borrowed rod)))) , (NP-SBJ-1 the experiment) (VP began (S (NP-SBJ *-1) (VP producing (NP excess heat)))) .)) (TOP (S (NP-SBJ-1 The experiment) (VP was (VP stopped (NP *-1) (ADVP briefly) (S (NP-SBJ *) (VP to (VP change (NP an instrument)))))) .)) (TOP (S (S-TPC-4 (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 it) (VP was (VP restarted (NP *-1) (ADVP-TMP *T*-2))))) , (NP-SBJ-3 heat output) (VP `` (ADVP really) (VP took (PRT off)) '' and (VP produced (NP excess heat) (PP-TMP for (NP several hours)) (PP-TMP before (S-NOM (NP-SBJ *-3) (VP dying (ADVP-CLR down))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S (S-ADV (NP-SBJ *) (ADJP-PRD Typical (PP of (NP other experiments)))) , (NP-SBJ Mr. Oriani) (VP said (SBAR 0 (S (NP-SBJ his experiment) (VP was `` (ADJP-PRD very erratic))))) . '')) (TOP (S (S (NP-SBJ-2 It) (VP would (VP go (ADVP-CLR along) (S (NP-SBJ-3 *-2) (VP doing (NP (NP nothing) (PP but (S-NOM (NP-SBJ *-3) (VP dissociating (NP the heavy water)))))))))) and (ADVP then) (S (PP-TMP at (NP (ADJP totally unpredictable) times)) , (NP-SBJ-1 it) (VP would (VP begin (S (NP-SBJ *-1) (VP producing (NP excess heat) (PP-TMP for (NP (QP as long as 10 or 11) hours)) (PP-TMP before (S-NOM (NP-SBJ *) (VP quieting (ADVP-CLR down))))))))) .)) (TOP (S (NP-SBJ The excess heat) (VP was (NP-PRD (NP (ADJP (NP 15 % to 20 %) *U*) more) (PP than (NP (NP the energy) (VP involved (NP *) (PP-LOC-CLR in (NP (NP the electrolysis) (PP of (NP water))))))))) .)) (TOP (S (NP-SBJ Mr. Oriani) (VP said (SBAR 0 (S (NP-SBJ the heat bursts) (VP were (ADJP-PRD (ADJP (ADJP too large) and (ADJP too long)) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *-3) (VP to (VP be (VP explained (NP *-1) (PP by (NP-LGS (NP the sudden release) (PP of (NP (NP energy) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP might (VP have (VP (ADVP-MNR slowly) accumulated (PP-TMP during (NP (NP the experiments ') quiescent times))))))))))) , (SBAR-ADV as (S (NP-SBJ some scientists) (VP have (VP suggested)))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP is (NP-PRD (NP a reality) (PP to (NP the excess energy))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Other scientists) (VP said (SBAR 0 (S (NP-SBJ they) (ADVP also) (VP were (VP getting (NP (NP sporadic bursts) (PP of (NP excess heat)) (VP lasting (NP-TMP several hours) (PP-TMP at (NP a time))))))))) .)) (TOP (S-1 (NP-SBJ The bursts) (ADVP-TMP often) (VP occur (PRN , (S (NP-SBJ they) (VP said (SBAR 0 (S *T*-1)))) ,) (SBAR-TMP after (S (NP-SBJ-2 they) (VP `` perturbed '' (NP the experiments) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP (VP raising or lowering (NP (NP (NP the amount) (PP of (NP electric current))) (VP being (VP applied (NP *))))) , or (VP switching (NP the current) (PRT off and on))))))))) .)) (TOP (S (NP-SBJ One chemist) (ADVP-TMP privately) (VP suggested (SBAR 0 (S (NP-SBJ this) (VP hinted (SBAR that (S (NP-SBJ some `` anomalous '' chemical reactions) (VP might (VP be (VP producing (NP the heat)))))))))) .)) (TOP (S (NP-SBJ (NP One reason) (SBAR (WHADVP-1 0) (S (NP-SBJ questions) (VP surround (NP the heat experiments) (ADVP-PRP *T*-1))))) (VP is (SBAR-PRD that (S (NP-SBJ they) (VP involve (NP (ADJP unusually meticulous) measurements))))) .)) (TOP (S (ADVP Typically) , (S (NP-SBJ the input energy) (VP ranges (PP-DIR (PP from (NP (NP a third) (PP of (NP a watt)))) (PP to (NP one watt))))) and (S (NP-SBJ-1 the excess energy) (VP is (VP measured (NP *-1) (PP in (NP (NP tenths) (PP of (NP a watt))))))) .)) (TOP (S (NP-SBJ One exception) (VP is (NP-PRD (NP a continuing experiment) (PP-LOC at (NP Stanford University)) (SBAR (WHADVP-2 where) (S (NP-SBJ-1 (NP (QP as much as 10) watts) (PP of (NP energy))) (VP are (VP being (VP put (NP *-1) (PP-PUT into (NP the electrolytic cells)) (ADVP-LOC *T*-2)))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP A cell) (VP filled (NP *) (PP-CLR with (NP heavy water)))) (VP is (VP producing (NP (NP (ADJP (QP 1.0 to 1.5) watts) more heat) (PP than (NP (NP an identical electrolytic cell) (VP filled (NP *) (PP-CLR with (NP ordinary water))) (PP-LOC next (PP to (NP it))))))))) , (VP reported (SBAR 0 (S *T*-1))) (NP-SBJ (NP Turgut M. Gur) , (NP (NP an associate) (PP of (NP (NP materials scientist Robert A. Huggins) , (NP (NP head) (PP of (NP the Stanford experimental team))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP the few hints (SBAR 0 (S (NP-SBJ-1 the excess heat) (VP might (VP be (VP produced (NP *-1) (PP by (NP-LGS fusion)))))))))) (VP came (PP-DIR from (NP (NP brief remarks) (PP by (NP (NP chemist John Bockris) (PP of (NP Texas A&M University))))))) .)) (TOP (S (NP-SBJ-1 Mr. Bockris) (ADVP-TMP previously) (VP reported (X (S-NOM (NP-SBJ *-1) (VP getting (NP (NP bursts) (PP of (NP excess heat))))) and (PP of (S-NOM (NP-SBJ *-1) (VP detecting (NP (NP increasing amounts) (PP of (NP tritium)) (VP forming (PP-LOC in (NP the heavy water))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (PP-TMP within (NP the past few days)) , (NP-SBJ he) (VP 's (VP gotten (NP evidence (SBAR that (S (NP-SBJ there) (VP is (NP-PRD (NP a `` weak correlation '') (PP between (NP (NP (NP the time) (SBAR (WHADVP-1 0) (S (NP-SBJ the heat bursts) (VP occur (ADVP-TMP *T*-1))))) and (NP (NP the production) (PP of (NP tritium))))))))))))))) .)) (TOP (S (S (NP-SBJ There) (VP is n't (NP-PRD (NP any way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP (ADVP-MNR continuously) measure (NP (NP the amount) (PP of (NP tritium)) (PP-LOC in (NP the heavy water))) (ADVP-MNR *T*-2)))))))) , so (S (NP-SBJ (NP it) (S *EXP*-3)) (VP 's (VP been (ADJP-PRD difficult) (S-3 (NP-SBJ *) (VP to (VP tell (SBAR whether (S (NP-SBJ-1 the tritium formation) (VP is (VP related (NP *-1) (PP-CLR to (NP (NP the heat bursts) or (NP some other phenomenon))))))))))))) .)) (TOP (S (NP-SBJ-2 (ADJP Increasingly careful) attempts (S (NP-SBJ *) (VP to (VP measure (NP (NP neutrons) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP be (NP-PRD (NP strong evidence) (PP of (NP fusion reactions))))))) ,))))) (VP continue (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD negative))))) .)) (TOP (S (NP-SBJ Messrs. Fleischmann and Pons) (VP (VP (ADVP-TMP initially) reported (NP (NP indirect evidence) (PP of (NP (NP neutrons) (VP being (VP produced (NP *) (PP-LOC in (NP their experiment)))))))) but (VP (ADVP-TMP later) conceded (SBAR 0 (S (NP-SBJ the measurements) (VP were (ADJP-PRD questionable)))))) .)) (TOP (S (NP-SBJ (NP Researchers) (PP-LOC at (NP (NP Sandia National Laboratories) (PP-LOC in (NP (NP Albuquerque) , (NP N.M.) ,))))) (VP reported (SBAR 0 (S (NP-SBJ-1 they) (VP went (ADVP-CLR so far (SBAR as (S (NP-SBJ-2 *-1) (VP to (VP take (NP (NP a `` cold fusion '' experiment) and (NP three neutron detectors)) (PP-DIR into (NP (NP a tunnel) (PP-LOC under (NP (NP 300 feet) (PP of (NP granite)))))) (S-PRP (NP-SBJ *-2) (VP to (VP shield (NP the detectors) (PP-CLR from (NP cosmic rays)))))))))))))) .)) (TOP (S (S (NP-TMP (NP A number) (PP of (NP times))) (NP-SBJ they) (VP detected (NP neutrons) (PP-LOC in (NP (NP (NP one) , sometimes (NP two) ,) (PP of (NP the three detectors)))))) , but (SINV (ADVP-TMP only once) (PP-TMP during (NP (NP 411 hours) (PP of (NP the experiment)))) did (NP-SBJ they) (VP detect (NP a neutron burst) (PP-LOC in (NP (QP all three) detectors)))) -- and (S (NP-SBJ they) (VP think (SBAR 0 (S (NP-SBJ that) (VP was (NP-PRD a spurious event)))))) .)) (TOP (S (NP-SBJ (NP Shimson Gottesfeld) (PP of (NP Los Alamos National Laboratory))) (VP said (SBAR 0 (S (NP-SBJ-1 (NP researchers) (ADVP-LOC there)) (VP (VP detected (NP (NP a burst) (PP of (NP neutrons)) (PP from (NP (NP an early cold fusion experiment) (NP-TMP last April))))) but (VP decided (S (NP-SBJ *-1) not (VP to (VP announce (NP it) (SBAR-TMP until (S (NP-SBJ they) (VP could (VP confirm (NP it))))))))))))) .)) (TOP (S (S (PP-LOC In (NP subsequent experiments)) , (NP-SBJ (NP one) (PP of (NP two neutron detectors))) (ADVP-TMP occasionally) (VP indicated (NP (NP a burst) (PP of (NP neutrons))))) but (S (NP-SBJ-1 neutron bursts) (VP were (ADVP-TMP never) (VP recorded (NP *-1) (PP-LOC in (NP both detectors)) (PP-TMP at (NP the same time))))) .)) (TOP (S (NP-SBJ They) (VP concluded (SBAR 0 (S (NP-SBJ (NP the indications) (PP of (NP neutrons))) (VP stemmed (PP-DIR from (NP (NP faults) (PP-LOC in (NP the detectors)) (PP rather than (PP from (NP the cold fusion experiment))))))))) .)) (TOP (S (S-TPC-2 (PP-LOC At (NP (NP the Lawrence Berkeley Laboratory) (PP-LOC in (NP California)))) , (NP-SBJ new experiments) (VP indicated (SBAR that (S (NP-SBJ (NP the lithium) (VP added (NP *) (PP-CLR to (NP the heavy water)) (SBAR-PRP so (S (NP-SBJ it) (VP will (VP conduct (NP a current))))))) (VP can (VP produce (NP (NP (ADJP previously unsuspected) electrical effects) (PP-LOC on (NP (NP the surface) (PP of (NP the palladium rod)))) -- (SBAR-NOM (WHNP-1 which) (S (NP-SBJ Messrs. Fleischmann and Pons) (VP might (VP have (VP misinterpreted (NP *T*-1))))))))))))) , (VP reported (SBAR 0 (S *T*-2))) (NP-SBJ (NP Philip Ross) (PP from (NP the California laboratory))) .)) (TOP (S (NP-SBJ Dow Jones & Co.) (VP announced (NP (NP Wall Street Journal advertising rates) (PP for (NP 1990)))) .)) (TOP (S (NP-SBJ (NP The rates) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP take (NP effect) (NP-TMP Jan. 2)))) ,) (VP include (NP (NP a (ADJP 4 %) increase) (PP for (NP national edition advertising)))) .)) (TOP (S (NP-SBJ The Journal) (ADVP also) (VP will (VP offer (NP expanded volume and frequency discounts))) .)) (TOP (S (NP-SBJ (NP The increase) (PP for (NP national edition advertising))) (VP (VP is (ADJP-PRD (ADJP less) (PP than (NP the inflation rate)))) and (VP compares (PP-CLR with (NP (NP a (ADJP 6.5 %) increase) (PP-TMP in (NP 1989)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Newsprint and postage prices) (NP-TMP this year)) (VP have not (VP gone (ADVP-DIR up)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Peter R. Kann) , (NP (NP president) (PP of (NP Dow Jones)))) .)) (TOP (S `` (NP-SBJ-1 We) (VP have (VP (VP invested (PP-CLR in (NP improved editorial quality))) and (VP expanded (NP our quality audience)) (PP without (S-NOM (NP-SBJ *-1) (VP (ADVP-MNR substantially) increasing (NP our costs)))))) .)) (TOP (S (NP-SBJ (NP Fundamental fairness) and (NP (NP a sense) (PP of (NP responsibility)))) (VP lead (NP-1 us) (S-CLR (NP-SBJ *-1) (VP to (VP share (NP operating efficiencies) (PP-CLR with (NP our customers)))))) . '')) (TOP (S (S (NP-SBJ (NP Advertising rates) (PP for (NP the (ADJP Eastern , Midwest , Western and Southwest) editions))) (VP will (VP increase (NP-EXT an average 5.5 %)))) , and (S (NP-SBJ (NP rates) (PP for (NP localized advertising editions))) (VP will (VP increase (NP-EXT 7.5 %)))) .)) (TOP (S (NP-SBJ (NP Rates) (PP for (NP the Wall Street Journal Reports))) (VP will (VP remain (ADJP-PRD unchanged))) .)) (TOP (S (NP-SBJ (NP A one-time noncontract full-page advertisement) (PP-LOC in (NP The Wall Street Journal national edition))) (VP will (VP cost (NP $ 99,385 *U*))) .)) (TOP (S (NP-SBJ (NP Advertising rates) (PP for (NP (NP The Wall Street Journal/Europe) , (VP (VP published (NP *) (PP-LOC in (NP Brussels))) and (VP printed (NP *) (PP-LOC in (NP (NP the Netherlands) and (NP Switzerland))))) ,))) (VP will (VP increase (NP-EXT 9 %))) .)) (TOP (S (NP-SBJ (NP Rates) (PP for (NP (NP The Asian Wall Street Journal) , (VP (VP published and printed (NP *) (PP-LOC in (NP Hong Kong))) and (ADVP also) (VP printed (NP *) (PP-LOC in (NP Singapore and Tokyo)))) ,))) (VP will (VP rise (NP-EXT 8 %))) .)) (TOP (S (NP-SBJ (NP Rates) (PP for (NP (NP The Asian Wall Street Journal Weekly) , (VP published (NP *) (PP-LOC in (NP New York)) (PP-PRP for (NP (ADJP North American) readers))) ,))) (VP will (VP rise (NP-EXT 6 %))) .)) (TOP (S (NP-SBJ Dow Jones) (ADVP also) (VP (VP publishes (NP (NP (NP Barron 's) magazine) , (NP other periodicals) and (NP community newspapers))) and (VP operates (NP electronic business information services))) .)) (TOP (S (NP-SBJ It) (VP owns (NP (NP 67 %) (PP of (NP (NP Telerate Inc.) , (NP (NP a leading supplier) (PP of (NP (NP computerized financial information) (PP on (NP global markets))))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Reflecting (NP (NP the impact) (PP of (NP (NP lower semiconductor prices) and (NP (NP cuts) (PP-LOC in (NP defense spending)))))))) , (NP-SBJ Texas Instruments Inc.) (VP said (SBAR 0 (S (S (NP-SBJ third-quarter net income) (VP fell (NP-EXT 31 %))) and (S (NP-SBJ sales) (VP dropped (ADVP-MNR slightly) (PP-DIR from (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ Net) (VP fell (PP-DIR to (NP (NP (QP $ 65 million) *U*) , or (NP (NP 67 cents) (NP-ADV a common share)))) , (PP-DIR from (NP (NP (QP $ 93.7 million) *U*) or (NP (NP $ 1.03 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ Sales) (VP fell (NP-EXT 2.5 %) (PP-DIR to (NP (QP $ 1.54 billion) *U*)) (PP-DIR from (NP (QP $ 1.58 billion) *U*))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ the electronics and defense concern) (VP had (NP (NP (NP net) (PP of (NP (NP (QP $ 255.8 million) *U*) , or (NP (NP $ 2.70 *U*) (NP-ADV a share))))) , (ADVP down (NP 5.6 %) (PP from (NP (NP (NP (QP $ 271 million) *U*) , or (NP (NP $ 3.01 *U*) (NP-ADV a share)) ,) (PP-TMP in (NP the year-ago period))))))) .)) (TOP (S (NP-SBJ Sales) (VP were (NP-PRD (NP (QP $ 4.66 billion) *U*) , (ADVP up (NP 1.3 %) (PP from (NP (QP $ 4.6 billion) *U*))))) .)) (TOP (S (NP-SBJ (NP Jerry Junkins) , (NP (NP chairman) , (NP president) and (NP chief executive officer)) ,) (VP said (SBAR 0 (S (NP-SBJ sluggish consumer-electronics sales) (VP reduced (NP (NP demand) (PP for (NP semiconductors))))))) .)) (TOP (S (NP-SBJ That) , (PP coupled (PP with (NP (NP lower semiconductor prices) and (NP higher semiconductor-depreciation expense)))) , (VP contributed (PP-CLR to (NP (NP the decline) (PP-LOC in (NP sales and profit))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP cost increases) (ADJP related (PP to (NP (NP fixed-price defense contracts) and (NP (NP a (ADJP (QP $ 10 million) *U*) charge) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP reduce (NP (NP the work force) (PP of (NP (NP Texas Instruments ') defense-electronics division)))))))))))) (ADVP also) (VP reduced (NP net)) .)) (TOP (S (ADVP However) , (NP-SBJ the quarter results) (VP included (NP (NP (QP $ 28 million) *U*) (PP in (NP (NP royalty income) (PP from (NP patent licenses))))) , (ADVP up (PP from (NP (NP (QP $ 21 million) *U*) (PP-TMP in (NP the year-earlier period)))))) .)) (TOP (S (NP-SBJ The nine months) (VP include (NP (NP (QP $ 125 million) *U*) (PP of (NP royalty income)) , (ADVP up (PP from (NP (QP $ 98 million) *U*) (NP-TMP last year))))) .)) (TOP (S (NP-SBJ-2 Mr. Junkins) (VP was n't (ADJP-PRD optimistic (PP about (NP the short-term outlook))) , (S-ADV (NP-SBJ *-2) (VP hinting (SBAR that (S (NP-SBJ-1 further workforce reductions) (VP may (VP be (VP needed (NP *-1))))))))) .)) (TOP (S-3 `` (S (NP-SBJ We) (VP expect (NP (NP near-term sluggishness) (PP-LOC in (NP the electronics market))))) (PRN , '' (S (NP-SBJ he) (VP said (S *T*-3))) ,) `` and (S (NP-SBJ-1 we) (VP will (VP take (NP ongoing cost-reduction actions) (SBAR-ADV as (FRAG (ADJP necessary))) (S-PRP (NP-SBJ *-1) (VP to (VP keep (S (NP-SBJ-2 operations) (VP aligned (NP *-2) (PP-CLR with (NP demand)))))))))) . '')) (TOP (S-1 (ADVP Further) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-3 (NP an internal reorganization) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP combine (NP several divisions) (PP-CLR into (NP the Information Technology Group))))))) (VP is (VP expected (S (NP-SBJ *-3) (VP to (VP affect (NP fourth-quarter results) (PP-EXT by (NP an undisclosed amount))))))) .)) (TOP (S (NP-SBJ Lynch Corp.) (VP said (SBAR 0 (S (NP-SBJ its Lynch Telephone Corp. subsidiary) (VP completed (NP (NP the acquisition) (PP of (NP Western New Mexico Telephone Co.))) (PP-CLR for (NP (NP (QP $ 20 million) *U*) plus (NP (NP assumption) (PP of (NP (NP (QP $ 24 million) *U*) (PP of (NP debt))))))))))) .)) (TOP (S (NP-SBJ (NP Western New Mexico Telephone) , (NP-LOC Silver City) ,) (VP had (NP (NP net income) (PP of (NP (QP $ 1.9 million) *U*))) (PP on (NP (NP revenue) (PP of (NP (QP about $ 10 million) *U*)))) (NP-TMP last year)) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP an independent phone company) (PP with (NP (NP a service area) (PP of (NP 15,000 square miles)) (PP-LOC in (NP southwest New Mexico)))))) .)) (TOP (S (NP-SBJ It) (VP is (ADVP also) (NP-PRD (NP a partner) (PP-LOC in (NP (NP the wireline cellular franchise) (VP covering (NP (NP most) (PP of (NP western New Mexico)))))))) .)) (TOP (S (NP-SBJ The transaction) (VP represents (NP (NP (NP Lynch 's) entry) (PP into (NP the telephone business)))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP interests) (PP-LOC in (NP (NP television) , (NP trucking services) , and (NP (ADJP glass-making and food-processing) equipment))))))) ,) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP plans (S (NP-SBJ *-2) (VP to (VP make (NP other acquisitions) (PP-LOC in (NP the telephone industry))))))))) .)) (TOP (S (NP-SBJ (NP (NP Nelson Bunker Hunt 's) attempted corner) (PP-LOC on (NP silver)) (ADVP-TMP (NP a decade) ago)) (VP is (ADVP-TMP still) (VP haunting (NP (NP the market) (PP-LOC in (NP this metal))))) .)) (TOP (S (NP-SBJ (NP Silver) , (VP (ADVP-TMP now) trading (NP-LOC (NP (QP around $ 5) *U*) (NP-ADV an ounce))) ,) (VP surged (PP-DIR to (NP (NP an all-time peak) (PP of (NP (NP $ 50 *U*) (NP-ADV an ounce))))) (PP-TMP in (NP January 1980)) (PP-DIR from (NP (NP (QP around $ 9) *U*) (PP-TMP in (NP mid-1979))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 (NP (NP Mr. Hunt 's) attempt (S (NP-SBJ *) (VP to (VP squeeze (NP the silver market))))) (ADVP-TMP (NP 10 years) ago)) (VP is (ADVP-TMP still) (ADVP-MNR indirectly) (S-PRD (NP-SBJ-3 *-2) (VP to (VP blame (NP *-3) (PP-PRP for (NP (NP today 's) market depression))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Lesley Edgar) , (NP (NP managing director) (PP of (NP (NP Sharps Pixley Ltd.) , (NP London bullion brokers))))) .)) (TOP (S (S-TPC-2 (SBAR-ADV While (S (NP-SBJ (NP (NP (QP some 100 million) ounces) (PP of (NP silver))) (VP (ADVP-TMP once) held (NP *) (PP by (NP-LGS (NP Mr. Hunt) and (NP Middle Eastern associates))))) (VP are n't (VP hanging (PP-LOC-CLR over (NP the market)) (ADVP-TMP anymore))))) , (NP-SBJ (NP the price surge) (PP of (NP 1979-80))) (VP (VP precipitated (NP (NP an expansion) (PP of (NP (NP mine production) and (NP scrap recovery))))) and (VP encouraged (S (NP-SBJ silver consumers) (VP to (VP economize (PP-CLR on (NP silver use)))))))) , (NP-SBJ Mr. Edgar) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Photographic developers) , (PP for (NP example)) , (VP bought (NP (NP equipment) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP recover (NP silver) (PP-CLR from (NP spent (NX (NX photographs) , (NX negatives) and (NX processing solutions)))) (ADVP *T*-1))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-2 (NP the photographic industry) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP accounts (PP-CLR for (NP (NP 44 %) (PP of (NP silver consumption))))))) ,) (VP continues (S (NP-SBJ *-2) (VP to (VP look (PP-CLR for (NP substitutes)))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-2 (UCP Japanese and U.S.) photographic firms) (VP are (VP beginning (S (NP-SBJ *-2) (VP to (VP produce (NP (NP electronic cameras and X-rays) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do n't (VP require (NP silver)))))))))))) , (NP-SBJ dealers) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Silver 's) history) (PP of (NP volatility))) (VP is (ADVP also) (VP discouraging (NP investors)))) , (NP-SBJ dealers) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (PP-LOC (ADVP Even) in (NP the present uncertain investment climate)) , (NP-SBJ investors) (VP are (VP preferring (NP `` (NP quality assets) '' (PP such as (NP (NP Treasury bills) and (NP bonds)))) (PP-CLR to (NP gold , silver and platinum))))) , (NP-SBJ dealers) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (SBAR-ADV Although (S (NP-SBJ prices) (VP rallied (ADVP-MNR briefly) (PP-TMP following (NP (NP (NP the tumble) (PP-LOC on (NP world stock markets)) (NP-TMP earlier this month)) and (NP (NP the related decline) (PP of (NP the dollar)))))))) , (NP-SBJ precious metals) (VP are (PP-LOC-PRD out (PP of (NP favor))) (PP-TMP for (NP the moment)) (PP-PRP because of (NP (NP high interest rates) and (NP (NP a determination (S *ICH*-1)) (PP by (NP industrial nations)) (S-1 (NP-SBJ *) (VP to (VP curb (NP inflation))))))))) , (NP-SBJ dealers) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Silver) , (ADVP however) (VP is (PP-LOC-PRD in (NP (NP a deeper slump) (SBAR than (SINV (VP are (PP-LOC-PRD *?*)) (NP-SBJ gold and platinum)))))) .)) (TOP (S (NP-SBJ Some analysts) (VP contend (SBAR that (S (NP-SBJ silver) (VP is (ADJP-PRD cheap) (SBAR-PRP now that (S (NP-SBJ prices) (VP are (VP languishing (PP-LOC at (NP (NP levels) (VP (ADVP-TMP last) seen (NP *) (PP-TMP in (NP the mid-1970s))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Bargain hunters) (VP believe (SBAR that (S (NP-SBJ silver) (VP offers (NP the best value) (PP-LOC amongst (NP precious metals))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Frederick R. Demler) , (NP (NP analyst) (PP-LOC at (NP Drexel Burnham Lambert Inc)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP A further decline) (PP-LOC in (NP prices))) (VP will (VP lead (PP-DIR to (NP (NP mine production cuts) (PP-LOC in (NP the U.S.))))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Scrap merchants) (VP are (VP converting (NP (NP smaller quantities) (PP of (NP metal))) (PP-CLR into (NP silver)) , (SBAR-ADV while (S (NP-SBJ low prices) (VP are (VP discouraging (NP (NP exports) (PP from (NP (NP India) and (NP the Soviet Union)))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Silver prices) (VP could (ADVP also) (VP be (VP boosted (NP *-1) (PP by (NP-LGS (NP strikes) (PP-LOC in (NP leading producing nations Peru and Mexico)))))))) , (NP-SBJ Mr. Demler) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (ADVP-TMP Meanwhile) , (NP-SBJ (NP total fabrication demand) (PP for (NP silver))) (VP has (VP risen (NP-TMP (NP six years) (PP-LOC in (NP a row)))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ Japanese demand) (VP grew (PP-EXT by (NP 70 %)) (PP-TMP in (NP (NP the first half) (PP of (NP this year)))))) and (S (NP-SBJ the nation) (VP plans (NP (NP an issue) (PP of (NP (NP a silver commemorative coin) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP require (NP (QP 4.5 million) ounces)))))))))) .)) (TOP (S (S-TPC-1 (PP Compared (PP with (NP (NP huge annual surpluses) (PP of (NP (QP more than 100 million) ounces)) (PP-TMP in (NP (NP the first half) (PP of (NP the 1980s))))))) , (NP-SBJ world silver supplies and consumption) (VP are (ADVP-TMP now) (PP-PRD (ADVP nearly) in (NP balance)))) , (NP-SBJ Mr. Demler) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (PP Despite (NP (NP intermittent rallies) (PP-TMP in (NP the past few years)))) , (NP-SBJ-1 (NP improvements) (PP-LOC in (NP the supply-demand balance))) (VP have n't (VP managed (S (NP-SBJ *-1) (VP to (VP push (NP silver prices) (PP-DIR into (NP a higher range))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP 's (ADVP just) (NP-PRD (NP (ADJP too much) silver) (ADVP-LOC-PRD around)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Tom Butler) , (NP (NP an analyst) (PP-LOC at (NP (NP Samuel Montagu & Co.) , (NP a London bullion house))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP A huge silver stockpile) (PP-LOC at (NP (NP exchanges) , (NP refiners) , (NP consuming industries) and (NP government warehouses))) (PP of (NP (QP at least 617 million) ounces))) (VP is (NP-PRD the market depressant))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ Shearson Lehman Hutton Inc.) (PP-LOC in (NP a report)) .)) (TOP (SINV (S-TPC-1 (NP-TMP (NP This year) (ADVP alone)) , (NP-SBJ (NP inventories) (PP-LOC at (NP (NP the Commodity Exchange) (PP of (NP New York))))) (VP jumped `` (PP-EXT by (NP a staggering (QP 46 million))) (PP-DIR to (NP (QP 221 million) ounces)) '' (PP-PRP because of (NP (NP producer deliveries) , (NP (NP de-stocking) (PP by (NP fabricators))) and (NP (NP sales) (PP by (NP disenchanted investors))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Rhona O'Connell) , (NP (NP London-based precious metals analyst) (PP-LOC at (NP Shearson Lehman Hutton)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Silver production) (VP is (ADVP also) (PP-LOC-PRD in (NP an inexorable upward trend)))) , '' (NP-SBJ Ms. O'Connell) (VP says (S *T*-1)) .)) (TOP (S (S-TPC-1 (ADVP Moreover) , (SBAR-ADV while (S (NP-SBJ-2 (ADJP (ADJP Asian) and (ADJP Middle Eastern)) investors) (VP (VP hoard (NP gold)) and (VP help (S (NP-SBJ *-2) (VP underpin (NP its price))))))) , (NP-SBJ silver) (VP does n't (VP have (NP the same mystique)))) , (NP-SBJ dealers) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ-2 Investors) (VP have (VP gotten (VP burned (NP *-2) (PP on (NP silver)) (ADVP-TMP (ADVP so often) (SBAR that (S (NP-SBJ they) (VP are (ADJP-PRD (ADVP far more) partial (PP to (NP gold))))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Urs Seiler) , (NP (NP senior vice president) (PP-LOC at (NP (NP Union Bank) (PP of (NP Switzerland)))))) .)) (TOP (S (S-TPC-1 Yet (SBAR-ADV if (S (NP-SBJ gold prices) (VP improve))) , (NP-SBJ silver prices) (VP could (VP rally (ADVP-MNR sharply)))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP However) , (NP-SBJ dealers) (VP caution (SBAR that (S (NP-SBJ any increase) (VP would (VP be (NP-PRD (QP $ 1 to $ 2) *U*) (ADVP at most)))))) .)) (TOP (S (NP-SBJ *) (VP Looking (ADVP-CLR ahead) (PP-DIR to (NP (NP other commodity markets) (NP-TMP this week)))) :)) (TOP (NP-HLN Livestock and Meats)) (TOP (S (NP-SBJ Analysts) (VP expect (S (NP-SBJ (NP the prices) (PP of (NP live cattle futures contracts))) (VP to (VP rise (PP-TMP in (NP trading)) (NP-TMP today) (PP-LOC in (NP (NP the wake) (PP of (NP (NP a government quarterly census) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP found (NP fewer-than-expected cattle) (PP-LOC on (NP feedlots))))))))))))) .)) (TOP (S (PP-TMP After (NP (NP the close) (PP of (NP trading)))) (NP-TMP Friday) , (NP-SBJ the Agriculture Department) (VP reported (SBAR that (S (NP-SBJ (NP feedlots) (PP-LOC in (NP the 13 biggest ranch states))) (VP held (NP (NP (QP 8.06 million) cattle) (ADVP *ICH*-1)) (PP-TMP on (NP Oct. 1)) , (ADVP-1 down (NP 6 %) (PP from (NP (NP that date) (ADVP-TMP (NP a year) earlier)))))))) .)) (TOP (S (NP-SBJ Most analysts) (VP had (VP expected (S (NP-SBJ the government) (VP to (VP report (NP a (ADJP 4 %) decline)))))) .)) (TOP (S (S (NP-SBJ Feedlots) (VP fatten (NP young cattle) (PP-PRP for (NP slaughter)))) , so (S (NP-SBJ a decline) (VP signals (NP (NP a tightening supply) (PP of (NP beef))))) .)) (TOP (S (NP-SBJ The government) (VP reported (SBAR that (S (NP-SBJ (NP (NP the number) (PP of (NP young cattle))) (VP placed (NP *) (PP-LOC-CLR on (NP feedlots)) (PP-TMP during (NP the quarter)))) (VP dropped (NP-EXT 5 %) (PP compared (PP with (NP the year-earlier quarter))))))) .)) (TOP (S (NP-SBJ Many industry analysts) (VP had (VP been (VP projecting (NP (NP a (ADJP 3 %) decline) (PP-LOC in (NP placements))) (PP for (NP the quarter))))) .)) (TOP (S (PP-TMP In (NP the 1988 quarter)) , (NP-SBJ-1 many farmers) (VP were (VP forced (S (NP-SBJ *-1) (VP to (VP sell (NP their cattle) (PP-DTV to (NP feedlot operators))))) (SBAR-PRP because (S (NP-SBJ the drought) (VP dried (PRT out) (NP (NP the pasture) (PP-LOC on (NP their ranches)))))))) .)) (TOP (S (NP-SBJ (NP (NP The number) (PP of (NP cattle))) (VP moving (PP-DIR onto (NP feedlots)) (PP-TMP in (NP the recent quarter)))) (VP was (ADVP also) (ADJP-PRD lower) (SBAR-PRP because (S (S-NOM-SBJ (NP-SBJ *) (VP fattening (NP cattle))) (VP is (ADJP-PRD less profitable))))) .)) (TOP (S (NP-SBJ (NP A shortage) (PP of (NP young cattle))) (VP has (VP made (S (NP-SBJ them) (ADJP-PRD more expensive (SBAR for (S (NP-SBJ feedlot operators) (VP to (VP buy (NP *?*))))))))) .)) (TOP (S (NP-SBJ The Agriculture Department) (ADVP also) (VP said (SBAR that (S (NP-SBJ (NP the number) (PP of (NP (NP fattened cattle) (VP slaughtered (NP *) (PP-TMP in (NP the quarter)))))) (VP dropped (PP-EXT by (NP 5 %)) (PP-CLR from (NP (NP the 1988 quarter) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (PP-PRD in (NP (NP line) (PP with (NP (NP projections) (PP by (NP analysts))))))))))))))) .)) (TOP (NP-HLN Energy)) (TOP (S (NP-SBJ (NP (NP Friday 's) 44-cent-a-barrel price drop) (PP to (NP $ 19.98 *U*)) (PP-LOC in (NP (NP the expiring November contract) (PP for (NP West Texas Intermediate crude))))) (VP may (ADVP-CLR well) (VP set (NP the tone) (PP-CLR for (NP (NP trading) (NP-TMP this week) (PP-LOC in (NP petroleum futures)) (PP-LOC on (NP the New York Mercantile Exchange)))))) .)) (TOP (S (NP-SBJ Most traders and analysts) (VP attributed (NP the decline) (PP-CLR to (NP (NP technical factors) (VP associated (NP *) (PP-CLR with (S-NOM (NP-SBJ the contract 's) (VP going (PP-DIR off (NP the board))))))))) .)) (TOP (S (NP-SBJ Others) (VP said (SBAR (SBAR that (S (NP-SBJ the drop) (VP continued (NP (NP the downward correction) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (VP been (ADJP-PRD due) (PP-LOC in (NP the petroleum pits)))))))))) and (SBAR that (S (NP-SBJ such a trend) (VP could (ADVP-CLR well) (VP continue (PP-TMP in (NP the next several trading sessions)))))))) .)) (TOP (S (PP Barring (NP any petroleum-related news events)) , (NP-SBJ (NP trading) (PP-TMP in (NP (NP the days) (ADVP ahead)))) (VP should (ADVP-MNR further) (VP test (NP (NP recent projections (SBAR *ICH*-1)) (PP by (NP (NP oil economists) and (NP other market watchers))) (SBAR-1 that (S (NP-SBJ strong fourth-quarter demand) (VP will (VP keep (S (NP-SBJ prices) (ADJP-PRD firm))))))))) .)) (TOP (NP-HLN Copper)) (TOP (S (NP-SBJ Copper prices) (VP fell (ADVP-MNR sharply) (NP-TMP Friday afternoon)) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP copper) (PP for (NP December delivery))) (VP settled (ADVP-CLR (NP 4.5 cents) lower) (PP-CLR at (NP (NP $ 1.2345 *U*) (NP-ADV a pound)))) .)) (TOP (S (NP-SBJ Pressure) (VP came (PP-DIR from (NP (NP several developments) (PP including (NP (NP the settlement) (PP of (NP two long-term strikes))))))) .)) (TOP (S-1 (PP-TMP On (NP Friday)) (PRN , (S (NP-SBJ one analyst) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ rank-and-file workers) (VP ratified (NP (NP a new labor agreement) (VP ending (NP (NP a three-month strike) (PP-LOC at (NP (NP the Highland Valley mine) (PP-LOC in (NP British Columbia)))))))) .)) (TOP (S (PP-LOC In (NP Mexico)) (PRN , (S (NP-SBJ the analyst) (VP added)) ,) (NP-SBJ (NP employees) (PP-LOC at (NP the Cananea mine)) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP have (VP been (PP-PRD out (PP of (NP work))) (PP-TMP since (NP (NP late August) (SBAR (WHADVP-3 when) (S (NP-SBJ-1 the mine) (VP was (VP declared (S (NP-SBJ *-1) (ADJP-PRD bankrupt)) (PP by (NP-LGS the government)) (ADVP-TMP *T*-3)))))))))))) , (VP accepted (NP (NP a (ADJP 35 %) cut) (PP-LOC in (NP the 3,800-man work force)))) .)) (TOP (S (NP-SBJ-1 The mine) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP return (PP-DIR to (NP production)) (PP-TMP in (NP about a week))))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ selling) (VP dominated (NP (NP the afternoon `` curb '' session) (PP-LOC in (NP London)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP takes (NP place) (PP-TMP at (NP noon EDT))))))) .)) (TOP (S (NP-SBJ (NP The premium) (PP of (NP cash copper)) (PP to (NP the three-month forward offerings))) (VP narrowed , (S-ADV (NP-SBJ *) (VP indicating (NP (NP weaker demand) (PP for (NP cash copper)))))) .)) (TOP (S (NP-SBJ-1 (NP Long-term support) (PP for (NP the December contract))) (VP was (VP believed (S (NP-SBJ *-1) (VP to (VP be (PP-LOC-PRD at (NP (NP $ 1.25 *U*) (NP-ADV a pound)))))))) .)) (TOP (S (NP-SBJ A technical analyst) (VP said (SBAR 0 (S (NP-SBJ there) (VP were (NP-PRD (NP a number) (PP of (NP stop-loss orders)) (PP-LOC under (NP that level)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP were (VP touched (NP *-2) (PRT off) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ (NP the contract 's) price) (VP fell (PP-DIR below (NP it)) (ADVP-TMP *T*-3))))))))))))) .)) (TOP (S (NP-SBJ That) (VP brought (ADVP-CLR in) (NP (NP considerable fund selling) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP continued (PP-TMP until (NP (NP the close) (PP of (NP trading))))))))) .)) (TOP (SINV `` (S-TPC-1 (PP In (NP general)) , (NP-SBJ it) (VP was (NP-PRD a bearish close))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Ben Hanauer) , (NP (NP a copper trader) (PP-LOC at (NP (NP Rudolph Wolff & Co.) , (NP a major commodities trading and brokerage firm))))) .)) (TOP (S-2 But (SBAR-ADV whether (S (NP-SBJ this price break) (VP has (NP (NP implications) (PP for (NP this week)))))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) `` (NP-SBJ we) (VP will (VP know (NP more) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 the London Metal Exchange copper stock levels) (VP are (VP released (NP *-1) (NP-TMP Monday morning) (ADVP-TMP *T*-3))))))) . '')) (TOP (S (NP-SBJ Another analyst) (VP said (SBAR 0 (S (NP-SBJ he) (VP expected (S (NP-SBJ LME inventories) (VP to (VP be (ADJP-PRD down (PP by (NP about 15,000 tons))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 the weekly report) (VP is (VP issued (NP *-1) (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ (NP Bernard Savaiko) , (NP (NP senior commodities analyst) (PP-LOC at (NP PaineWebber Inc.))) ,) (VP said (SBAR that (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ traders) (VP saw (SBAR 0 (S (NP-SBJ the market) (VP was n't (VP reacting (ADVP-MNR positively) (PP-CLR to (NP (NP the forecasts) (PP of (NP lower LME stocks)))))))) (ADVP-TMP *T*-1)))) , (NP-SBJ they) (VP perceived (NP a bearish sign))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP noted (SBAR that (S (NP-SBJ (NP the Japanese) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP been (VP buying (PP at (NP (NP prices) (PP-LOC (ADVP just) above (NP the (ADJP $ 1.25 *U*) level))))))))) ,) (ADVP apparently) (VP pulled (ADVP-CLR back (PP from (NP the market))) (PP-TMP on (NP Friday)))))) .)) (TOP (S (NP-SBJ Mr. Savaiko) (VP said (SBAR 0 (S (NP-SBJ he) (VP sees (NP (NP a possibility) (PP of (S-NOM (NP-SBJ the December contract) (VP dropping (PP-DIR to (NP (NP $ 1.05 *U*) (NP-ADV a pound))))))))))) .)) (TOP (S (NP-SBJ Hewlett-Packard Co.) (VP will (VP announce (NP-TMP today) (NP (NP a software program) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP allows (S (NP-SBJ-2 (NP computers) (PP-LOC in (NP a network))) (VP to (VP speed (ADVP-CLR up) (NP computing tasks) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP sending (NP the tasks) (PP-DIR to (NP each other)))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Called (S (NP-SBJ *-1) (NP-TTL-PRD Task Broker)))) , (NP-SBJ-2 the program) (VP acts (PP (NP-ADV something) like (NP (NP an auctioneer) (PP-LOC among (NP (NP a group) (PP of (NP computers)) (VP wired (NP *) (ADVP-CLR together))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ a machine) (VP has (NP a big computing task)))) , (NP-SBJ Task Broker) (VP asks (NP (NP other computers) (PP-LOC in (NP the network))) (PP-CLR for (NP `` (NP bids) '' (PP on (NP the job))))) .)) (TOP (S (NP-SBJ It) (ADVP then) (VP (VP determines (SBAR (WHNP-1 which machine) (S (NP-SBJ-2 *T*-1) (VP is (ADJP-PRD free (S (NP-SBJ *-2) (VP to (VP do (NP the task) (ADVP-MNR most quickly))))))))) and (VP sends (NP the task) (PP-DIR to (NP that machine)))) .)) (TOP (S (NP-SBJ Hewlett-Packard) (VP claims (SBAR that (S (NP-SBJ the software) (VP (VP allows (S (NP-SBJ a network) (VP to (VP run (NP (NP (ADJP (QP three times) as many) tasks) (PP as (NP conventional networks))))))) and (VP will (VP run (NP each task) (ADVP-MNR twice as fast))))))) .)) (TOP (S-1 (NP-SBJ The new Hewlett-Packard program) (PRN , (SINV (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP analyst John McCarthy) (PP-LOC at (NP (NP Forrester Research Inc.) , (NP a computer-market research company))))) ,) `` (VP is (NP-PRD a key building block) (SBAR-ADV as (S (NP-SBJ people) (VP move (PP-DIR to (NP (NP this new model) (PP of (NP distributed processing)))))))) . '')) (TOP (S (PP-LOC In (NP (NP today 's) computer networks)) , (NP-SBJ-2 some machines) (ADVP-TMP often) (VP sit (S-ADV (NP-SBJ *-2) (ADJP-PRD idle)) (SBAR-TMP while (S (NP-SBJ-1 others) (VP are (VP overtaxed (NP *-1)))))) .)) (TOP (S-2 (PP With (NP the Hewlett-Packard program)) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) `` (NP-SBJ You) (VP get (NP (NP more bang) (PP for (NP (NP the buck) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP 've (VP spent (NP *T*-1) (PP-CLR on (NP computers)))))))))) . '')) (TOP (S (NP-SBJ (NP The program) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP shipped (NP *-1) (PP-TMP in (NP January 1990))))))) ,) (VP runs (PP-LOC-CLR on (NP the Unix operating system))) .)) (TOP (S (NP-SBJ Hewlett-Packard) (VP will (VP charge (NP $ 5,000 *U*) (PP-CLR for (NP (NP a license) (VP covering (NP 10 users)))))) .)) (TOP (S (NP-SBJ The program) (ADVP-TMP now) (VP works (PP-LOC-CLR (PP on (NP all Hewlett-Packard and Apollo workstations)) and (PP on (NP (NP computers) (VP made (NP *) (PP by (NP-LGS (NP Multiflow Computer Inc.) (PP of (NP-LOC (NP Branford) , (NP Conn)))))))))) .)) (TOP (S (NP-SBJ Hewlett-Packard) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP sell (NP (NP versions) (SBAR *ICH*-2)) (NP-TMP later next year) (SBAR-2 (WHNP-1 that) (S (NP-SBJ *T*-1) (VP run (PP-LOC-CLR on (NP (NP Sun Microsystems Inc.) and (NP Digital Equipment Corp. machines))))))))))) .)) (TOP (S (NP-SBJ The Task Broker) (VP differs (PP-CLR from (NP (NP other programs) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP spread (NP computing tasks) (PP-DIR around (NP a network)))))))) .)) (TOP (S (NP-SBJ-1 (NP A (ADJP previously available) program) (VP called (S (NP-SBJ *) (NP-PRD Network Computing System))) , (VP developed (NP *) (PP by (NP-LGS (NP Hewlett-Packard 's) Apollo division)))) , (PP for (NP instance)) , (VP (VP takes (NP a task)) and (VP splits (NP it) (PRT up) (PP-CLR into (NP parts))) , (S-ADV (NP-SBJ *-1) (VP divvying (PRT up) (NP those parts) (PP-DIR to (NP (NP several computers) (PP-LOC in (NP a network)))) (PP for (NP simultaneous processing))))) .)) (TOP (S But (NP-SBJ-1 (NP programs) (PP-LOC in (NP individual computers))) (VP must (VP be (VP revised (NP *-1) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP work (PP-CLR with (NP that system))))))))) .)) (TOP (S-2 (S (NP-SBJ-1 Applications) (VP wo n't (VP have (S (NP-SBJ-3 *-1) (VP to (VP be (VP rewritten (NP *-3) (S-PRP (NP-SBJ *-3) (VP to (VP work (PP-CLR with (NP Task Broker)))))))))))) (PRN , (S (NP-SBJ Hewlett-Packard) (VP said (SBAR 0 (S *T*-2)))) ,) and (S (NP-SBJ-4 (NP the user) (PP of (NP a computer))) (VP wo n't (VP be (ADJP-PRD able (S (NP-SBJ *-4) (VP to (VP tell (SBAR that (S (NP-SBJ another machine) (VP is (VP doing (NP the work)))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ The Task Broker) `` (VP turns (NP that network) (PP-CLR into (PRN -- (ADJP (ADJP as far) (SBAR as (S (NP-SBJ-1 the user) (VP is (VP concerned (NP *-1)))))) --) (NP one giant computer)))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Bill Kay) , (NP (NP general manager) (PP of (NP (NP Hewlett-Packard 's) workstation group)))) .)) (TOP (S (NP-SBJ-1 (NP Price wars) (PP between (NP the fast-food giants))) (VP are (VP starting (S (NP-SBJ *-1) (VP to (VP clobber (NP (NP the fast-food little guys) : (NP the franchisees))))))) .)) (TOP (SINV `` (S-TPC-4 (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 elephants) (VP start (S (NP-SBJ *-1) (VP fighting)) (ADVP-TMP *T*-2)))) , (NP-SBJ-3 ants) (VP get (VP killed (NP *-3)))) , '' (VP says (S *T*-4)) (NP-SBJ (NP Murray Riese) , (NP (NP co-owner) (PP of (NP (NP National Restaurants) , (NP (NP a New York franchisee) (PP for (NP (NP Pizza Hut) , (NP Roy Rogers) and (NP other chains)))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ hamburger and pizza outlets) (VP saturate (NP (NP one area) (PP after (NP another)))))) , (NP-SBJ-1 franchisers) (VP are (VP struggling (ADVP-MNR desperately) (PP-CLR for (NP market share)) , (S-ADV (NP-SBJ *-1) (VP (VP slashing (NP prices)) and (VP stepping (PRT up) (NP costly promotions)))))) .)) (TOP (S (NP-SBJ-1 The fight) (VP is (VP putting (NP a tight squeeze) (PP-PUT on (NP (NP profits) (PP of (NP many))))) , (S-ADV (NP-SBJ-2 *-1) (VP (VP threatening (S (NP-SBJ *-2) (VP to (VP drive (NP the smallest ones) (PP-DIR out (PP of (NP business))))))) and (VP straining (NP (NP relations) (PP between (NP (NP the national fast-food chains) and (NP their franchisees)))))))) .)) (TOP (SINV (S-TPC-3 (S (NP-SBJ-1 The chains) `` (VP used (S (NP-SBJ *-1) (VP to (VP offer (NP discounts) (PP-TMP during (NP (NP winter) (SBAR (WHADVP-2 when) (S (NP-SBJ business) (VP was (ADJP-PRD slow) (ADVP-TMP *T*-2))))))))))) , but (S (PP-TMP in (NP the last year (QP or so))) , (NP-SBJ discounting) (VP has (VP become (NP-PRD a 12-month thing))))) , '' (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Donald Harty) , (NP (NP president) (PP of (NP (NP Charisma Group Inc.) , (NP (NP a New York franchisee) (PP of (NP (NP Grand Metropolitan PLC 's) Burger King chain))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ (NP Charisma 's) sales) (VP are (ADVP-PRD up slightly) (NP-TMP this year)))) , (NP-SBJ Mr. Harty) (VP says (SBAR 0 (S (NP-SBJ profits) (VP will (VP be (ADJP-PRD flat or lower)))))) .)) (TOP (S And (NP-SBJ (NP Bill Konopnicki) , (NP (NP a (NAC-LOC Safford , Ariz. ,) licensee) (PP of (NP (NP McDonald 's) Corp.)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP chairman) (PP of (NP (NP the company 's) National Operators Advisory Board)))))))) , (VP says (SBAR 0 (S (NP-SBJ some fast-food outlets) `` (VP could (VP be (PP-LOC-PRD in (NP serious trouble)) , (PP based (PP on (NP (NP the amount) (PP of (NP (NP discounting) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP seems (S (NP-SBJ *-3) (VP to (VP be (VP going (PRT on)))))))))))))))))) . '')) (TOP (S (PP-TMP Until (NP recently)) , (NP-SBJ (NP the huge fast-food industry) , (PP with (NP (NP sales) (PP of (NP (QP about $ 60.1 billion) *U*)) (NP-TMP last year))) ,) (VP kept (NP price-skirmishing) (PP-CLR to (NP a minimum))) .)) (TOP (S (S-TPC-1 But (NP-TMP early this year) , (NP-SBJ (NP (NP PepsiCo Inc. 's) Taco Bell unit) and (NP (NP Wendy 's) International Inc.)) (VP (VP slashed (NP prices)) and (VP stepped (PRT up) (NP promotions)))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP John Rohs) , (NP (NP an analyst) (PP for (NP Wertheim Schroder & Co)))) .)) (TOP (S (NP-SBJ That) (VP brought (NP (NP a chain reaction) (PP-LOC in (NP the industry)))) .)) (TOP (S (NP-SBJ-1 The situation) (VP was (VP (ADVP further) aggravated (NP *-1) (NP-TMP (NP early this month) , (SBAR (WHADVP-2 when) (S (NP-SBJ (NP McDonald) 's) (VP set (NP plans (S (NP-SBJ-3 *) (VP to (VP heat (PRT up) (NP the discounting) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP offering (NP coupons)))))))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ-1 It) (ADVP also) (VP decided (S (NP-SBJ *-1) (VP to (VP go (ADJP-PRD national) (PP-CLR with (NP (NP pizza) , (SBAR (WHNP-2 which) (S (NP-SBJ it) (VP has (VP been (VP test-marketing (NP *T*-2)))))))))))) .)) (TOP (S (S (INTJ Now) , (NP-SBJ (NP two-for-one deals) (PP on (NP pizza))) (VP are (ADJP-PRD common))) ; (SINV so (VP are (ADJP-PRD *?*)) (NP-SBJ (NP 99-cent specials) (PP on (NP (NP sandwiches) (VP (ADVP normally) priced (NP *) (ADVP-CLR twice as high)))))) .)) (TOP (S-2 (NP-SBJ The discounting) (PRN , (SINV (VP say (SBAR 0 (S *T*-2))) (NP-SBJ fast-food operators)) ,) (VP occurs (PP (PP on (NP (NP a scale) (SBAR *RNR*-3))) and (PP with (NP (NP a frequency) (SBAR *RNR*-3))) (SBAR-3 (WHNP-1 0) (S (NP-SBJ they) (VP have n't (VP seen (NP *T*-1) (ADVP-TMP before))))))) .)) (TOP (S (NP-SBJ The result) (VP is (SBAR-PRD that (S (NP-SBJ-1 some franchisees) (VP are (VP running (ADVP-MNR hard) (S-PRP (NP-SBJ *-1) (ADVP just) (VP to (VP stay (ADVP-PRD even)))) , (S-ADV (NP-SBJ-2 *-1) (VP (VP laying (PRT off) (NP middle managers)) and (VP working (ADVP-MNR harder) (S-PRP (NP-SBJ *-2) (VP to (VP make (NP less)))))))))))) .)) (TOP (S (NP-SBJ (NP Joe Mack) , (NP (NP a district manager) (PP for (NP (NP Cormack Enterprises Inc.) , (NP (NP a Burger King operator) (PP-LOC in (NP (NP Omaha) , (NP Neb.))))))) ,) (VP says (SBAR 0 (S (NP-SBJ discounting) (VP is (ADJP-PRD so prevalent (SBAR that `` (S (NP-SBJ-1 we) (VP have (S (NP-SBJ *-1) (VP to (VP serve (NP (ADJP (NP (QP 15 % to 20 %) *U*) more) customers)))) '' (S-PRP (NP-SBJ *) (VP to (VP keep (S (NP-SBJ sales) (ADJP-PRD level))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ It) (VP 's (SBAR-PRD (ADVP almost) as if (S (NP-SBJ-1 you) (VP 're (VP doing (NP extra work) (S-PRP (NP-SBJ *-1) (VP to (VP give (PRT away) (NP the food)))))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ (NP Alan D'Agosto) , (NP (NP president) (PP of (NP (NP (NP Panda 's) Inc.) , (NP (NP an operator) (PP of (NP (NP (NP Arby 's) restaurants) (PP-LOC in (NP Omaha)))))))) ,) (VP says : `` (S (S (NP-SBJ (NP All) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP 're (VP doing (NP *T*-1)))))) (VP is (S-PRD (NP-SBJ *) (VP keeping (S (NP-SBJ the customers) (VP coming)))))) , but (S (NP-SBJ we) (VP are n't (VP increasing (NP sales)))))) . '')) (TOP (S (S (SBAR-ADV With (S (NP-SBJ fast-food outlets) (PP-LOC-PRD on (NP every corner)))) , (NP-SBJ he) , (PP like (NP many)) , (VP does n't (VP think (SBAR 0 (S (NP-SBJ he) (VP has (NP a choice) (PP-LOC in (NP the price war)))))))) : `` (S (NP-SBJ Our customers) (VP say (SBAR that (S (NP-SBJ they) (VP wo n't (VP go (PP-DIR into (NP a fast-food store)) (SBAR-ADV unless (S (NP-SBJ they) (VP get (NP a coupon)))))))))) . '')) (TOP (SINV (S-TPC-2 (SBAR-ADV If (S (NP-SBJ the battle) (VP continues (ADVP-TMP much longer)))) , (NP-SBJ many fast-food businesses) (VP will (VP close or merge))) , (VP predicts (SBAR 0 (S *T*-2))) (NP-SBJ (NP Vincent Morrissey) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP owns (NP (NP a string) (PP of (NP Kentucky Fried Chicken stores)) (PP-LOC in (NP the Midwest))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The industry) (VP is (ADJP-PRD overbuilt))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ-1 Fast-food franchisers) (VP have (VP managed (S (NP-SBJ *-1) (VP to (VP squeeze (ADVP-CLR in) (NP stores) (PP-DIR into (NP (NP every corner) (ADJP available)))))))) . '')) (TOP (S (NP-SBJ The National Restaurant Association) (VP says (SBAR 0 (S (NP-SBJ (NP quick-service restaurant units) (PP-LOC in (NP the U.S.))) (VP rose (NP-EXT 14 %) (PP-DIR to (NP 131,146)) (PP-TMP between (NP (NP 1983) and (NP (NP 1987) , (NP (NP the last year) (SBAR (WHPP-1 for (WHNP which)) (S (NP-SBJ figures) (VP are (ADJP-PRD available (PP *T*-1))))))))))))) .)) (TOP (S-1 (SBAR-ADV With (S (NP-SBJ the market) (ADJP-PRD so crowded))) (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP a spokesman) (PP for (NP (NP Wendy 's) (PP-LOC in (NP (NP Columbus) , (NP Ohio))))))) ,) `` (SBAR-ADV If (S (NP-SBJ you) (VP 're (VP doing (ADVP-MNR well))))) , (NP-SBJ you) (VP 're (VP doing (ADVP-MNR well) (PP at (NP (NP (NP someone) (ADJP else) 's) expense)))) . '')) (TOP (S (S-ADV (NP-SBJ-1 *) (VP (ADVP-MNR Simply) put (NP *-1))) , (NP-SBJ there) (VP is n't (NP-PRD enough business (SBAR for (S (NP-SBJ every store) (VP to (VP grow)))))) .)) (TOP (S (PP According (PP to (NP Mr. Rohs))) , (NP-SBJ (NP inflation-adjusted , same-store sales) (PP-LOC at (NP (NP (NP company-owned Wendy 's) units) (PP-LOC in (NP the U.S.))))) (VP have (VP trailed (NP year-earlier levels) (PP-TMP throughout (NP 1989)) , (PP except (PP for (NP August))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 McDonald 's) (VP has (ADVP also) (VP been (VP running (S-ADV (NP-SBJ *-2) (ADJP-PRD negative)) (NP-TMP all year))))) , '' (NP-SBJ the analyst) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Spokesmen) (PP for (NP (NP Wendy 's) and (NP McDonald 's)))) (VP criticized (NP (NP Mr. Rohs 's) calculations)) .)) (TOP (S (NP-SBJ (NP Jack Greenberg) , (NP (NP (NP executive vice president) and (NP chief financial officer)) (PP of (NP (NP McDonald 's)))) ,) (VP says (SBAR 0 (S (NP-SBJ the company) (VP does n't (VP compute , (ADVP much less) disclose , (NP inflation-adjusted , same-store sales)))))) .)) (TOP (S (NP-SBJ He) (VP adds (SBAR that (S (NP-SBJ short-term comparisons) `` (VP can (VP be (ADJP-PRD very misleading) (PP-PRP because of (NP (NP differences) (PP-LOC in (NP (NP timing) (PP of (NP marketing programs)))) (PP-TMP (PP from (NP year)) (PP to (NP year)))))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ (NP Profit margins) (PP-LOC at (NP (NP (NP company-owned McDonald 's) outlets) (PP-LOC in (NP the U.S.))))) `` (VP are (VP holding (PRT up) (ADVP-MNR quite nicely)))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Greenberg) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Profits) (PP of (NP franchisees))) (VP have n't (VP been (ADJP-PRD higher) (PP-TMP since (NP the mid-1970s))))) , (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ-1 (NP Mr. Greenberg 's) sanguine outlook) (VP is n't (VP matched (NP *-1) (PP by (NP-LGS many fast-food industry observers)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Smaller chains) and (NP single-store operators)) (VP will (VP be (NP-PRD (NP the first) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP fail)))))))) , (NP-SBJ (NP many) (PP-LOC in (NP the industry))) (VP predict (SBAR 0 (S *T*-1))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Big franchise groups) `` (VP can (VP ride (ADVP-CLR out) (NP the storm) (ADVP-TMP (NP a lot) longer)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Harty) , (NP (NP the Burger King operator) (PP-LOC in (NP New York)))) .)) (TOP (S (NP-SBJ The prolonged price pressures) (VP are (VP driving (NP a wedge) (PP-DIR between (NP (NP some franchisers) and (NP their franchisees))))) .)) (TOP (S (NP-SBJ (NP Mr. Morrissey) , (NP the Kentucky Fried Chicken franchisee) ,) (VP notes (SBAR that (S (NP-SBJ most franchise owners) (VP must (VP absorb (NP (NP increases) (PP-LOC in (NP expenses))) (PP without (NP (NP any cut) (PP-LOC in (NP (NP (NP the royalties) , or (NP (NP portion) (PP of (NP sales)))) , (SBAR (WHNP-1 that) (S (NP-SBJ they) (VP must (VP pay (NP franchisers) (NP *T*-1)))))))))))))) .)) (TOP (S (NP-SBJ-1 Franchisees) (VP ca n't (VP be (VP forced (S (NP-SBJ *-1) (VP to (VP go (PRT along) (PP-CLR with (NP (NP a franchiser 's) discounting)))))))) .)) (TOP (SINV But (S-TPC-1 (SBAR-TMP once (S (NP-SBJ a franchisee) (VP agrees (PP-CLR to (NP a promotional program))))) , (NP-SBJ the franchiser) (VP can (VP demand (NP full participation) (PP-TMP to (NP the very end))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Lew Rudnick) , (NP (NP a principal) (PP of (NP (NP Rudnick & Wolfe) , (NP (NP a Chicago law firm) (PP with (NP franchise industry clients))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ courts) (VP have (VP held (SBAR that (S (NP-SBJ-1 antitrust considerations) (VP are (VP outweighed (NP *-1) (PP-LOC in (NP such cases)) (PP by (NP-LGS the need (S (NP-SBJ *) (VP to (VP protect (NP consumers) (PP-CLR from (NP deceptive marketing)))))))))))))))) .)) (TOP (S (PP-LOC In (NP any case)) , (NP-SBJ-1 many franchisees) , (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP stay (PP-CLR on (NP (NP good terms) (PP with (NP franchisers)))))))) , (ADVP-TMP routinely) (VP go (PRT along) (PP-CLR with (NP promotions))) .)) (TOP (SINV (VP Says (S *T*-1)) (NP-SBJ (NP Mr. Riese) (PP of (NP National Restaurants))) : `` (S-1 (SBAR-ADV If (S (NP-SBJ you) (VP resisted (PP on (NP prices))))) , (ADVP maybe) (NP-SBJ you) (VP would (ADVP-TMP never) (VP get (NP (NP that telephone call) (PP about (NP a new franchise)))))) .)) (TOP (S (NP-SBJ (NP Companies) (VP listed (NP *) (PP-LOC below))) (VP reported (NP (NP quarterly profit) (ADJP substantially different (PP from (NP (NP the average) (PP of (NP (NP analysts ') estimates))))))) .)) (TOP (S (NP-SBJ-1 The companies) (VP (VP are (VP followed (NP *-1) (PP by (NP-LGS (QP at least three) analysts)))) , and (VP (VP had (NP (NP a minimum five-cent change) (PP-LOC in (NP (NP actual earnings) (PP per (NP share)))))))) .)) (TOP (S (NP-SBJ-1 (NP (ADJP Estimated and actual) results) (VP involving (NP losses))) (VP are (VP omitted (NP *-1))) .)) (TOP (S (NP-SBJ The percent difference) (VP compares (NP actual profit) (PP-CLR with (NP (NP the 30-day estimate) (SBAR (WHADVP-1 where) (S (NP-SBJ (QP at least three) analysts) (VP have (VP issues (NP forecasts) (PP-TMP in (NP the past 30 days)) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (ADVP Otherwise) , (NP-SBJ-1 actual profit) (VP is (VP compared (NP *-1) (PP-CLR with (NP the 300-day estimate)))) .)) (TOP (S (NP-SBJ (NP Companies) (VP listed (NP *) (PP-LOC below))) (VP reported (NP (NP quarterly profit) (ADJP substantially different (PP from (NP (NP the average) (PP of (NP (NP analysts ') estimates))))))) .)) (TOP (S (NP-SBJ-1 The companies) (VP (VP are (VP followed (NP *-1) (PP by (NP-LGS (QP at least three) analysts)))) , and (VP had (NP (NP a minimum five-cent change) (PP-LOC in (NP (NP actual earnings) (PP per (NP share))))))) .)) (TOP (S (NP-SBJ-1 (NP (ADJP Estimated and actual) results) (VP involving (NP losses))) (VP are (VP omitted (NP *-1))) .)) (TOP (S (NP-SBJ The percent difference) (VP compares (NP actual profit) (PP-CLR with (NP (NP the 30-day estimate) (SBAR (WHADVP-1 where) (S (NP-SBJ (QP at least three) analysts) (VP have (VP issues (NP forecasts) (PP-TMP in (NP the past 30 days)) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (ADVP Otherwise) , (NP-SBJ-1 actual profit) (VP is (VP compared (NP *-1) (PP-CLR with (NP the 300-day estimate)))) .)) (TOP (S (NP-SBJ CalMat Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP a (ADJP (QP $ 32.8 million) *U*) sale) (PP of (NP (NP assets) (PP from (NP its Los Angeles area real estate portfolio))))) (PP for (NP (NP net income) (PP of (NP (QP $ 12 million) *U*)))))))) .)) (TOP (S (NP-SBJ CalMat) (VP said (SBAR 0 (S (NP-SBJ the sale) (VP is (NP-PRD (NP part) (PP of (NP its (ADJP previously announced) plan (S (NP-SBJ-1 *) (VP to (VP sell (NP (NP much) (PP of (NP its real estate holdings))) (S-PRP (NP-SBJ *-1) (VP to (VP focus (PP-CLR on (NP (NP its core business) (PP of (S-NOM (NP-SBJ *) (VP mining and producing (NP asphalt , concrete , rock and sand))))))))))))))))))) .)) (TOP (S And (NP-SBJ you) (VP thought (SBAR 0 (S (NP-SBJ (NP the only reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP save (NP your canceled checks) (ADVP-PRP *T*-1)))))) (VP was (S-PRD (NP-SBJ *) (VP to (VP prepare (PP-CLR for (NP an IRS audit))))))))) .)) (TOP (S (NP-SBJ (NP Reggie Jackson) , (NP the retired baseball star) ,) (VP has (VP found (NP (NP another use) (PP for (NP them))))) .)) (TOP (S (NP-SBJ (NP Mr. Jackson) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP won (NP (NP the nickname) `` (NP-TTL Mr. October) '') (PP-PRP for (NP his World Series exploits))))) ,) (VP is (VP selling (NP (NP some) (PP of (NP his canceled checks))) (PP-DTV to (NP autograph collectors)) (PP through (NP a dealer)) (PP-CLR for (NP (QP as much as $ 500) *U* each)))) .)) (TOP (S (NP-SBJ Dealers) (VP say (SBAR 0 (S (NP-SBJ (NP the budding trade) (PP-LOC in (NP (NP Mr. Jackson 's) canceled checks))) (VP is (ADJP-PRD unusual))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP do n't (VP know (PP-CLR of (NP (NP any living ballplayer) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (ADVP-TMP ever) (VP done (NP it)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Jack Smalling) , (NP (NP (NP a dealer) (PP-LOC in (NP (NP Ames) , (NP Iowa)))) , and (NP (NP a recognized expert) (PP-LOC in (NP (NP the field) (PP of (NP baseball autographs))))))) .)) (TOP (S (NP-SBJ (NP An initial batch) (PP of (NP (NP Mr. Jackson 's) checks))) (VP was (PP-PRD on (NP sale)) (PP-LOC at (NP (NP a baseball-card show) (VP held (NP *) (PP-LOC-CLR in (NP San Francisco)) (PP-TMP over (NP Labor Day weekend)))))) .)) (TOP (S (NP-SBJ-1 Mr. Jackson) (VP showed (PRT up) (PP-LOC-CLR at (NP the affair)) (S-PRP (NP-SBJ *-1) (VP to (VP sign (NP autographs) (PP-PRP for (NP a fee)) (ADVP as well))))) .)) (TOP (SINV `` (S-TPC-3 (PP For (NP (NP someone) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (NP (NP (NP everything) (ADJP else)) -- (NP (NP Reggie 's) jersey , cap and cards) --)))))) (NP-SBJ his checks) (VP might (VP be (NP-PRD a nice addition)))) , '' (VP says (S *T*-3)) (NP-SBJ (NP William Vizas) , (NP (NP owner) (PP of (NP (NP (NP Bill 's) Sports Collectibles) (PP-LOC in (NP Denver))))) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP examined (NP the checks) (PP-LOC at (NP the San Francisco card show)))))) .)) (TOP (S (PP-TMP For (NP years)) , (NP-SBJ-1 (NP the canceled checks) (PP of (NP (NP a small number) (PP of (NP well-known baseball players))))) (VP have (VP been (VP bought and sold (NP *-1)))) .)) (TOP (S But (NP-SBJ these players) (VP were (ADJP-PRD dead)) .)) (TOP (SINV `` (S-TPC-1 (ADVP Maybe) (S (ADVP-TMP (NP three years) ago) , (NP-SBJ there) (VP were (NP-PRD (NP a lot) (PP of (NP (PRN -LCB- Ty -RCB-) Cobbs))) (PP-LOC in (NP the hobby)))) , and (S (ADVP-TMP awhile back) (NP-SBJ there) (VP were (NP-PRD Babe Ruth checks)))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Smalling) .)) (TOP (S (ADVP However) , (NP-SBJ (NP the thought) (PP of (S-NOM (NP-SBJ a living player) (VP selling (NP his checks))))) (VP rubs (NP some people) (NP-MNR the wrong way)) .)) (TOP (SINV `` (S-TPC-1 (S (ADVP Maybe) (NP-SBJ I) (VP 'm (ADJP-PRD (NP a little) stuffy))) , but (S (NP-SBJ I) (VP would n't (VP sell (NP them))))) , '' (VP sniffs (S *T*-1)) (NP-SBJ (NP Bob Machon) , (NP (NP owner) (PP of (NP (NP (NP Papa 's) Sports Cards) (PP-LOC in (NP (NP Menlo Park) , (NP Calif))))))) .)) (TOP (SBARQ `` (WHNP-1 Who) (SQ (NP-SBJ *T*-1) (VP knows (SBAR-NOM (WHNP-2 how much) (S (NP-SBJ they) (VP 'll (VP be (ADJP-PRD worth (NP *T*-2)) (PP-TMP (NP 100 years) from (NP now)))))))) ? '')) (TOP (S And (NP-SBJ Mr. Smalling) (VP does n't (VP believe (SBAR 0 (S (NP-SBJ they) (VP 're (ADJP-PRD worth (NP all that much)) (ADVP-TMP now)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ the checks) (VP are (ADJP-PRD worth (NP (NP $ 15 *U*) (ADVP apiece))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (SBAR-NOM-SBJ (WHADVP-2 Why) (S (NP-SBJ (NP Mr. Jackson) , (SBAR (WHNP-3 who) (S (NP-SBJ-1 *T*-3) (VP could n't (VP be (VP reached (NP *-1) (PP-PRP for (NP comment))))))) ,) (VP has (VP made (S (NP-SBJ (NP some) (PP of (NP his checks))) (ADJP-PRD available (PP for (NP sale)))) (ADVP-PRP *T*-2))))) (VP is n't (ADJP-PRD clear)) .)) (TOP (S (NP-SBJ He) (ADVP probably) (VP has n't (VP done (NP it) (PP-PRP for (NP the cash)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP would (VP say (SBAR 0 (S (NP-SBJ he) (VP 's (ADVP definitely) not (PP-PRD in (NP (NP need) (PP of (NP money)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Matt Merola) , (NP (NP an agent) (PP of (NP Mr. Jackson 's)) (VP based (NP *) (PP-LOC-CLR in (NP New York))))) .)) (TOP (S `` (NP-SBJ He) (VP has (NP good investments)) . '')) (TOP (S And (NP-SBJ Mr. Jackson) (ADVP probably) (VP has (VP opened (NP new checking accounts) , (ADVP too))) .)) (TOP (S Or (ADVP at least) (NP-SBJ he) (VP should (VP *?*)) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP assume (SBAR 0 (S (NP-SBJ those accounts) (VP are (ADJP-PRD closed)))))) , '' (VP says (S *T*-2)) (NP-SBJ-3 Mr. Smalling) , (S-ADV (NP-SBJ *-3) (VP referring (PP-CLR to (NP (NP the accounts) (PP of (NP the canceled checks)))))) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ-1 he) (VP 'd (VP want (S (NP-SBJ *-1) (VP to (VP give (PRT out) (NP his current account numbers)))))))))) .)) (TOP (S (NP-SBJ-1 (NP USX Corp.) and (NP (NP its Japanese partner) , (NP Kobe Steel Ltd.) ,)) (VP agreed (S (NP-SBJ-2 *-1) (VP to (VP form (NP a joint venture) (S-PRP (NP-SBJ *-2) (VP to (VP build (NP (NP a new plant) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP produce (NP hot-dipped galvanized sheet products) , (PP-PRP (ADVP mainly) for (NP the automotive market)))))))))))))) .)) (TOP (S (NP-SBJ-2 (NP Terms) (PP *ICH*-3)) (VP were n't (VP disclosed (NP *-2) (PP-3 for (NP (NP the plant) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP have (NP (NP annual capacity) (PP of (NP 600,000 tons))))))))))) .)) (TOP (S (NP-SBJ (NP The move) (PP by (NP (NP the nation 's) largest steelmaker))) (VP follows (NP (NP a string) (PP of (NP (NP earlier announcements) (PP by (NP other major steel companies)))))) .)) (TOP (S (NP-SBJ (NP Bethlehem Steel Corp.) , (NP LTV Corp.) and (NP Armco Inc.)) all (VP have (NP plans (S (NP-SBJ *) (VP to (VP build (NP (NP additional lines) (PP for (NP such coated corrosion-resistant steel)))))))) .)) (TOP (S-1 (NP-SBJ (NP The surge) (PP-LOC in (NP production))) (PRN , (S (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-1)))) ,) (VP raises (NP (NP questions) (PP about (S-NOM (NP-SBJ capacity) (VP outpacing (NP demand)))))) .)) (TOP (S (NP-SBJ They) (VP note (SBAR that (S (NP-SBJ (NP most) (PP of (NP the new plants))) (VP will (VP come (PP-PRD on (NP line)) (PP-TMP in (NP (NP 1992) , (SBAR (WHADVP-2 when) (S (NP-SBJ the current import trade restraint program) (VP ends (ADVP-TMP *T*-2)))))) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP could (VP result (PP-CLR in (NP more imports))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD (ADJP too much) capacity))) , '' (VP contended (S *T*-1)) (NP-SBJ (NP Charles Bradford) , (NP (NP an analyst) (PP with (NP Merrill Lynch Capital Markets)))) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD (NP anyone) (VP not building (NP one)))))))) . '')) (TOP (S (NP-SBJ He) (VP does (VP add , (ADVP however) , (SBAR that (S (NP-SBJ-1 transplanted Japanese car makers) (VP are (VP boosting (NP (NP the levels) (PP of (NP U.S.-made steel)) (PP-LOC in (NP their autos))) , (PP instead of (S-NOM (NP-SBJ *-1) (VP relying (ADVP-MNR heavily) (PP-CLR on (NP imported steel))))))))))) .)) (TOP (S (NP-SBJ That trend) (VP could (VP increase (NP (NP demand) (PP for (NP hot-dipped galvanized sheet))))) .)) (TOP (S (NP-SBJ-1 The hot-dipped galvanized segment) (VP is (NP-PRD (NP one) (PP of (NP (NP the (ADJP (ADJP fastest-growing) and (ADJP most profitable)) segments) (PP of (NP the steel market))))) , (S-ADV (NP-SBJ *-1) (VP coveted (NP *) (PP by (NP-LGS (NP all major integrated steelmakers) (VP wanting (S (NP-SBJ *) (VP to (VP maintain (NP (NP an edge) (PP over (NP (NP (NP smaller minimills) and (NP reconstructed mills)) -- (NP (NP those) (VP spun (NP *) (PRT off) (PP-CLR to (NP employees)))))))))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ USX) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ (NP the market) (PP for (NP coated sheet steel))) (VP to (VP reach (NP (NP (QP 12 million) tons) (ADVP-TMP annually)) (PP-TMP by (NP 1992))) , (PP compared (PP with (NP (NP (QP 10.2 million) tons) (VP shipped (NP *) (PP-TMP in (NP 1988)))))))))))) .)) (TOP (S (PP For (NP (NP the first eight months) (PP of (NP 1989)))) , (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ (NP shipments) (PP of (NP hot-dipped galvanized steel))) (VP increased (NP-EXT (QP about 8) %) (PP-DIR from (ADVP (NP a year) earlier)) , (SBAR-ADV while (S (NP-SBJ overall steel shipments) (VP were (ADVP-PRD up (NP (QP only 2.4) %))))))))) .)) (TOP (S (NP-SBJ-1 (NP USX) and (NP Kobe Steel)) (VP hope (S (NP-SBJ *-1) (VP to (VP reach (NP (NP a definitive agreement) (VP establishing (NP the 50-50 partnership))) (PP-TMP by (NP (NP the end) (PP of (NP the year))))))) , (PP with (NP (NP (NP construction) (VP (ADVP-MNR tentatively) slated (NP *) (PP-CLR for (NP (NP the spring) (PP of (NP 1990)))))) and (NP (NP production) (PP-TMP by (NP 1992)))))) .)) (TOP (S (S (NP-SBJ USX) (ADVP-TMP already) (VP has (NP (NP six lines) (PP-LOC in (NP existing plants)) (VP producing (NP hot-dipped galvanized steel))))) , but (S (NP-SBJ this) (VP marks (NP (NP the first so-called greenfield plant) (PP for (NP such production))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ it) (VP will (VP boost (PP-EXT by (NP 50 %)) (NP (NP (NP USX 's) current hot-dipped capacity) (PP of (NP 1,275,000 tons))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP does n't (VP expect (S (NP-SBJ (NP the new line 's) capacity) (VP to (VP (ADVP-MNR adversely) affect (NP (NP the company 's) existing hot-dipped galvanizing lines))))))))) .)) (TOP (S (NP-SBJ Steelmakers) (VP have (ADVP also) (VP been (VP adding (NP (NP capacity) (PP of (NP (NP so-called electrogalvanized steel) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP another way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP make (NP coated corrosion-resistant steel) (ADVP-MNR *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the advantages) (PP of (NP the hot-dipped process))))) (VP is (SBAR-PRD that (S (NP-SBJ it) (VP allows (S (NP-SBJ-1 the steel) (VP to (VP be (VP covered (NP *-1) (PP-CLR with (NP (NP a thicker coat) (PP of (NP zinc)))) (ADVP-MNR more quickly))))))))) .)) (TOP (S (SBAR-TMP ONCE (S (NP-SBJ YOU) (VP MAKE (PRT UP) (NP your mind) (PP about (NP an investment))))) , (NP-SBJ the rest) (VP is (ADJP-PRD easy) , (INTJ right)) ?)) (TOP (S (NP-SBJ You) (ADVP just) (VP (VP call (NP your broker)) and (VP say `` (S (NP-SBJ *) (VP buy '' or `` sell)))) . '')) (TOP (S (NP-SBJ *) (VP Dream (PRT on)) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (NP all sorts) (PP of (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP give (NP buy and sell instructions) (PP-DTV to (NP a broker)) (ADVP-MNR *T*-1)))))))) -- and (NP (NP (ADJP just as many) ways) (SBAR (WHADVP-3 0) (S (NP-SBJ-2 *) (VP to (VP get (VP burned (NP *-2) (SBAR-ADV if (S (NP-SBJ you) (VP do n't (VP know (SBAR-NOM (WHNP-4 what) (S (NP-SBJ you) (VP 're (VP doing (NP *T*-4))))))))) (ADVP-MNR *T*-3))))))))) .)) (TOP (SINV So (ADVP-LOC-PRD-TPC-1 here) (VP 's (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP a rundown) (PP of (NP (NP the (ADJP most common) types) (PP of (NP market orders)) (VP permitted (NP *) (PP by (NP-LGS the stock and commodity exchanges)))))) .)) (TOP (NP (NP (NP Two things) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP keep (NP *T*-1) (PP-CLR in (NP mind))))))) : (S (NP-SBJ Not all exchanges) (VP accept (NP (NP every type) (PP of (NP order))))) .)) (TOP (S And (SBAR (WHADVP-1 (ADVP even) when) (S (NP-SBJ a specific order) (VP is (ADJP-PRD acceptable (PP to (NP an exchange))) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 a brokerage firm) (VP can (VP refuse (S (NP-SBJ *-2) (VP to (VP enter (NP it) (PP-PRP for (NP a customer))))))) .)) (TOP (NP (NP Market Order) : (S (NP-SBJ This) (VP is (ADVP probably) (NP-PRD (NP the (ADJP most widely used) order) -- and (NP (NP the one) (ADJP most open (PP to (NP (NP abuse) (PP by (NP unscrupulous floor brokers)))) , (SBAR-PRP since (S (NP-SBJ it) (VP imposes (NP no price restrictions))))))))) .)) (TOP (S (PP With (NP a market order)) , (NP-SBJ an investor) (VP tells (NP-1 a broker) (S (NP-SBJ *-1) (VP to (VP buy or sell `` (PP-CLR at (NP the market)))))) . '')) (TOP (S (NP-SBJ It) (VP 's (PP-PRD like (S-NOM (NP-SBJ *) (VP saying , `` (S (NP-SBJ *) (VP (VP get (NP me) (ADVP-LOC-CLR in) (ADVP-TMP now)) '' or `` (VP get (NP me) (ADVP-LOC-CLR out) (ADVP-TMP now)))))))) . '')) (TOP (S (PP For (NP example)) , (SBAR-ADV if (S (NP-SBJ-2 wheat) (VP is (VP being (VP (VP offered (NP *-2) (PP-CLR at (NP $ 4.065 *U*))) and (VP bid (NP *-2) (PP-CLR at (NP $ 4.060 *U*)))))))) , (S (S (NP-SBJ-1 a market order (S (NP-SBJ *) (VP to (VP buy)))) (VP would (VP be (VP filled (NP *-1) (PP-CLR-3 at (NP the higher price)))))) and (S (NP-SBJ=1 a market order (S (NP-SBJ *) (VP to (VP sell)))) (PP-CLR=3 at (NP the lower price)))) .)) (TOP (S (NP-SBJ A recent indictment) (VP alleges (SBAR that (S (NP-SBJ-1 (NP some floor brokers) (PP-LOC at (NP the two largest Chicago commodity exchanges))) (VP used (NP market orders) (S-CLR (NP-SBJ *-1) (VP to (VP fill (NP (NP customers ') orders) (PP-CLR at (NP unfavorable prices))))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP arranging (NP (NP trades) (PP with (NP fellow brokers)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Profits) (VP realized (NP *) (PP-CLR from (NP these trades)))) (VP would (ADVP-TMP then) (VP be (VP shared (NP *-1) (PP by (NP-LGS the conspiring brokers))))) .)) (TOP (NP (NP Limit Order) : (S (NP-SBJ-1 Limit orders) (VP are (VP used (NP *-1) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-3 investors) (VP want (S (NP-SBJ *-3) (VP to (VP restrict (NP (NP the amount) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP will (VP receive or pay (NP *T*-2) (PP-CLR for (NP an investment)))))))))) (ADVP-TMP *T*-4))))))) .)) (TOP (S (NP-SBJ-4 Investors) (VP do (NP this) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP specifying (NP (NP (NP a minimum price) (SBAR (WHPP-5 at (WHNP which)) (S (NP-SBJ-1 the investment) (VP may (VP be (VP sold (NP *-1) (PP-CLR *T*-5))))))) or (NP (NP the maximum price) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP may (VP be (VP paid (NP *-2) (PP-CLR for (NP it))))))))))))) .)) (TOP (S (NP-SBJ *) (VP Suppose (SBAR 0 (S (NP-SBJ-1 an investor) (VP wants (S (NP-SBJ *-1) (VP to (VP sell (NP a stock) , (FRAG but not (PP for (NP (QP less than $ 55) *U*)))))))))) .)) (TOP (S (NP-SBJ-1 A limit order (S (NP-SBJ *) (VP to (VP sell)))) (VP could (VP be (VP entered (NP *-1) (PP-CLR at (NP that price))))) .)) (TOP (NP (NP One risk) : (S (NP-SBJ Investors) (VP may (VP regret (NP the restriction) (SBAR-ADV if (S (NP-SBJ the stock) (VP (VP reaches (NP 54)) and then (VP falls))))))) .)) (TOP (S (SBAR-ADV Unless (S (NP-SBJ the market) (VP goes (PP-DIR (NP (NP (QP at least one) tick) (PRN -LRB- (NP (NP the smallest price increment) (VP permitted (NP *))) -RRB-)) beyond (NP the limit price))))) , (NP-SBJ-1 investors) (VP are n't (VP assured (NP *-1) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP having (S (NP-SBJ-2 their orders) (VP filled (NP *-2)))))) (SBAR-PRP because (S (NP-SBJ there) (VP may not (VP be (NP-PRD (NP sufficient trading volume) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP permit (S (NP-SBJ *) (VP filling (NP it) (PP-CLR at (NP the specified price))))))))))))))) .)) (TOP (NP (NP Stop Order) : (S (NP-SBJ Stop orders) (VP tell (NP-1 a floor broker) (S (NP-SBJ *-1) (VP to (VP buy or sell (NP an investment) (SBAR-TMP once (S (NP-SBJ the price) (VP reaches (NP a certain level))))))))) .)) (TOP (S (SBAR-TMP Once (S (NP-SBJ the price) (VP reaches (NP that level)))) , (S (NP-SBJ a stop order) (VP turns (PP-CLR into (NP a market order)))) , and (S (NP-SBJ-1 the order) (VP is (VP filled (NP *-1) (PP-CLR at (SBAR-NOM (WHNP-2 whatever price) (S (NP-SBJ the broker) (VP can (VP get (NP *T*-2))))))))) .)) (TOP (S (NP-SBJ-1 Stop orders) (VP are (ADVP-TMP sometimes) (VP called (S (NP-SBJ *-1) (NP-PRD `` stop-loss '' orders)) (SBAR-PRP because (S (NP-SBJ-2 they) (VP are (ADVP-TMP frequently) (VP used (NP *-2) (S-CLR (NP-SBJ *) (VP to (VP (VP protect (NP profits)) or (VP limit (NP losses))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ stop orders) (VP sound (ADJP-PRD similar (PP to (NP limit orders)))))) , (NP-SBJ there) (VP is (NP-PRD (NP a difference) : (S (S (NP-SBJ-1 Sell stops) (VP must (VP be (VP entered (NP *-1) (PP-CLR at (NP (NP a price) (PP-LOC-2 below (NP the current market price)))))))) and (S (NP-SBJ=1 buy stops) (PP-LOC=2 above))))) .)) (TOP (S (PP In (NP contrast)) , (S (NP-SBJ-1 sell limit orders) (VP must (VP be (VP placed (NP *-1) (PP-CLR above (NP the market price)))))) and (S (NP-SBJ-2 buy limit orders) (VP are (VP placed (NP *-2) (PP-CLR below)))) .)) (TOP (S (NP-SBJ (NP (NP The crash) (PP-TMP in (NP October 1987))) and (NP (NP last Friday 's) sell-off)) (VP (ADVP-MNR painfully) taught (NP some investors) (SBAR (WHNP-1 (ADVP exactly) what) (S (NP-SBJ stop orders) (VP will and wo n't (VP do (NP *T*-1)))))) .)) (TOP (S (NP-SBJ-4 (NP An investor) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP may (VP have (VP placed (NP a stop-loss order) (PP-CLR at (NP $ 90 *U*)) (PP under (NP (NP a stock) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP was (VP trading (PP-CLR at (NP (NP $ 100 *U*) (NP-ADV a share))))) (PP-TMP on (NP (NP the Friday) (PP-TMP before (NP the crash)))))))))))))) (VP was (VP stunned (S (NP-SBJ *-4) (VP to (VP discover (SBAR that (S (NP-SBJ-1 the order) (VP was (VP filled (NP *-1) (PP-CLR at (NP $ 75 *U*)) (SBAR-TMP (WHADVP-5 when) (S (NP-SBJ the stock) (VP opened (PP-CLR at (NP that price)) (PP-TMP on (NP Monday)) (ADVP-TMP *T*-5))))))))))))) .)) (TOP (NP (NP Stop-Limit Order) : (S (NP-SBJ Stop-limit orders) (VP turn (PP-CLR into (NP limit orders)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ an investment) (VP trades (PP-CLR at (NP (NP the price) (VP specified (NP *) (PP-LOC in (NP the order))))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (PP Unlike (NP (NP stop orders) -- (SBAR (WHNP-4 which) (S (NP-SBJ-1 *T*-4) (VP are (VP filled (NP *-1) (PP-CLR at (NP the market price)) (SBAR-TMP (WHADVP-5 when) (S (NP-SBJ-2 the stop price) (VP is (VP hit (NP *-2) (ADVP-TMP *T*-5))))))))) --)) (NP-SBJ stop-limit orders) (VP demand (SBAR that (S (NP-SBJ-3 the trades) (VP be (VP made (NP *-3) (PP-CLR (ADVP only) at (NP the specified price))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 it) (VP ca n't (VP be (VP made (NP *-1) (PP-CLR at (NP that price))))))) , (NP-SBJ-2 it) (VP does n't (VP get (VP filled (NP *-2)))) .)) (TOP (S (NP-SBJ-5 (NP Investors) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP wish (S (NP-SBJ-4 *-3) (VP to (VP be (PP-LOC-PRD out (PP of (NP a position))) , (PP without (NP (NP the risk) (PP of (S-NOM (NP-SBJ *-4) (VP receiving (NP a worse-than-expected price) (PP-DIR from (NP a market order))))))) ,))))))) (VP may (VP use (NP (NP this type) (PP of (NP order))) (S-PRP (NP-SBJ *-5) (VP to (VP specify (NP (NP the price) (SBAR (WHPP-6 at (WHNP which)) (S (NP-SBJ-1 the order) (VP must (VP be (VP filled (NP *-1) (PP-CLR *T*-6)))))))))))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ the market) (VP moves (ADVP-MNR quickly enough)))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP may (VP be (ADJP-PRD impossible) (SBAR-1 for (S (NP-SBJ the broker) (VP to (VP carry (PRT out) (NP the order))))) (SBAR-PRP because (S (NP-SBJ the investment) (VP has (VP passed (NP the specified price))))))) .)) (TOP (NP (NP Market-If-Touched Order) : (S (NP-SBJ Market-if-touched orders) (VP are (PP-PRD like (NP stop orders)) (SBAR-ADV in that (S (NP-SBJ they) (VP become (NP-PRD market orders) (SBAR-ADV if (S (NP-SBJ-1 a specified price) (VP is (VP reached (NP *-1)))))))))) .)) (TOP (S (ADVP However) , (PP unlike (NP a buy-stop order)) , (NP-SBJ-1 a buy market-if-touched order) (VP is (VP entered (NP *-1) (PP-CLR at (NP (NP a price) (PP-LOC below (NP the current price)))) , (SBAR-ADV while (S (NP-SBJ-2 a sell market-if-touched order) (VP is (VP entered (NP *-2) (PP-CLR at (NP (NP a price) (PP-LOC above (NP it)))))))))) .)) (TOP (S (ADVP-TMP As soon (SBAR as (S (NP-SBJ the market) (VP trades (PP-CLR at (NP the specified price)))))) (NP-SBJ the floor broker) (VP will (VP fill (NP it) (PP-CLR at (NP the best possible price)))) .)) (TOP (NP (NP Fill-Or-Kill Order) : (S (NP-SBJ The fill-or-kill order) (VP is (NP-PRD (NP one) (PP of (NP (NP several) (VP associated (NP *) (PP-CLR with (NP (NP the timing) (PP of (NP trades)))))))))) .)) (TOP (S (NP-SBJ It) (VP instructs (NP-1 a broker) (S (NP-SBJ *-1) (VP to (VP buy or sell (NP an investment) (PP-CLR at (UCP (NP the specified price) or (ADJP better))))))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ-1 the investment) (VP ca n't (VP be (VP bought or sold (NP *-1) (ADVP-TMP immediately)))))) , (NP-SBJ-2 the order) (VP is (VP (ADVP-MNR automatically) canceled (NP *-2))) .)) (TOP (S (NP-SBJ (NP Gregory Bessemer) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP came (PP-CLR in) (NP-PRD second ) (PP-LOC in (NP (NP the stock division) (PP of (NP the (ADJP recently completed) U.S. Trading Championship))))))) ,) (VP says (SBAR 0 (S (NP-SBJ he) (VP uses (NP fill-or-kill orders) (ADVP-MNR almost exclusively) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ *) (VP trading (NP options) (ADVP-TMP *T*-2)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 I) (VP like (S (NP-SBJ-3 *-2) (VP to (VP use (NP them) (S-CLR (NP-SBJ *-3) (VP to (VP feel (PRT out) (NP-PRD the market))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ they) (VP do n't (VP fill (NP it) (ADVP-TMP immediately))))) , (ADVP then) (NP-SBJ I) (VP can (VP (VP start (ADVP-CLR over) (PP-CLR at (NP a new price))) or (VP try (ADVP-TMP again) (PP with (NP the same price))))) . '')) (TOP (NP (NP Not-Held Order) : (S (NP-SBJ This) (VP is (NP-PRD another timing order))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP a market order) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP allows (S (NP-SBJ floor brokers) (VP to (VP take (NP (NP more time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP buy or sell (NP an investment) (ADVP-TMP *T*-2)))))) , (SBAR-ADV if (S (NP-SBJ they) (VP think (SBAR 0 (S (NP-SBJ-3 they) (VP can (VP get (NP a better price) (PP-MNR by (NP waiting))))))))))))))))) .)) (TOP (S (NP-SBJ-2 (NP Not-held orders) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP are (ADVP also) (VP known (NP *-3) (PP-CLR as (NP `` (S-TTL (NP-SBJ *) (VP disregard (NP the tape))) '' orders)))))) ,) (VP are (ADVP-TMP always) (VP done (NP *-2) (PP at (NP (NP the customer 's) risk)))) .)) (TOP (NP (NP One-Cancels-The-Other Order) : (S (NP-SBJ This) (VP is (ADVP really) (NP-PRD (NP two orders) (PP-LOC in (NP one)) , (PP (ADVP generally) for (NP the same security or commodity)) , (VP instructing (NP-2 floor brokers) (S (NP-SBJ *-2) (VP to (VP (VP fill (SBAR (WHNP-1 whichever order) (S (NP-SBJ they) (VP can (VP *?* (NP *T*-1))))) (ADVP-TMP first)) and then (VP cancel (NP the other order))))))))) .)) (TOP (S (PP-LOC In (NP a fast-moving market)) , (NP-SBJ it) (VP prevents (NP-1 an investor) (PP-CLR from (S-NOM (NP-SBJ-2 *-1) (VP getting (VP stuck (NP-3 *-2) (PP-CLR with (S-NOM (NP-SBJ *-3) (VP having (VP made (NP (NP two trades) (PP on (NP the same security)))))))))))) .)) (TOP (NP (NP Specific-Time Order) : (S (NP-SBJ (NP This type) (PP of (NP order))) (VP couples (NP (NP many) (PP of (NP (NP the orders) (VP described (NP *) (ADVP-LOC above))))) (PP-CLR with (NP instructions (SBAR that (S (NP-SBJ-1 the order) (VP must (VP be (VP carried (NP *-1) (PRT out) (PP-TMP at or by (NP a certain time))))))))))) .)) (TOP (S `` (NP-TTL-SBJ-2 On the close) '' (VP can (VP be (VP added (NP *-2) (PP-CLR to (NP (NP many types) (PP of (NP orders))))))) .)) (TOP (S (PP For (NP example)) , `` (NP-SBJ market-on-close orders) '' (VP must) (VP be (VP filled (PP-TMP during (NP (NP the last few minutes) (PP of (NP (NP trading) (PP for (NP the day)))))) (PP-CLR at (NP (NP a price) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (PP-LOC-PRD within (NP (NP the official closing range) (PP of (NP prices)) (SBAR as (S (NP-SBJ-2 *) (VP determined (NP *-2) (PP by (NP-LGS the exchange)))))))))))))) .)) (TOP (S `` (NP-SBJ Stop-close-only orders) '' (VP are (NP-PRD (NP stop orders) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP only) (VP become (ADJP-PRD active) (PP-TMP during (NP (NP the closing minutes) (PP of (NP trading))))))))) .)) (TOP (S (S `` (NP-SBJ Day orders) '' (VP expire (PP-TMP at (NP (NP the end) (PP of (NP (NP the day) (SBAR (WHPP-2 on (WHNP which)) (S (NP-SBJ-1 they) (VP are (VP entered (NP *-1) (PP-TMP *T*-2))))))))))) , `` (S (NP-SBJ good-till-canceled orders) '' (VP have (NP no expiration date))) .)) (TOP (S (NP-SBJ Most brokers) (VP assume (SBAR that (S (NP-SBJ all orders) (VP are (NP-PRD day orders) (SBAR-ADV unless (S (NP-SBJ-1 *) (VP specified (NP *-1) (ADVP-MNR otherwise)))))))) .)) (TOP (S (PP-TMP On (NP Oct. 19 , 1987)) , (NP-SBJ some investors) (VP learned (NP (NP the consequences) (PP of (S-NOM (NP-SBJ *) (VP (VP entering `` (NP good-til-canceled limit orders) '') and then (VP forgetting (PP-CLR about (NP them)))))))) .)) (TOP (S (NP-SBJ They) (VP found (SBAR 0 (S (NP-SBJ they) (VP had (VP bought (NP stock) (PP-CLR from (NP (NP limit orders) (SBAR (WHNP-1 that) (S (NP-SBJ-2 they) (VP (VP might (VP have (VP entered (NP *T*-1) (ADVP-TMP (NP weeks or months) earlier)))) and (VP had (VP forgotten (S (NP-SBJ *-2) (VP to (VP cancel (NP *T*-1)))))))))))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-2)) (VP is (ADVP-TMP always) (NP-PRD (NP the responsibility) (PP of (NP investors))) (S-2 (NP-SBJ *) (VP to (VP keep (NP-CLR track) (PP-CLR of (NP (NP the orders) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP have (VP placed (NP *T*-1))))))))))) .)) (TOP (S (NP-SBJ-3 (NP Investors) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP change (NP their mind) (PP about (NP buying or selling)) (SBAR-TMP after (S (NP-SBJ-1 an order) (VP has (VP been (VP filled (NP *-1)))))))))) (VP are (PRN , (ADVP-TMP usually) ,) (VP stuck (NP *-3) (PP-CLR with (NP the consequences)))) .)) (TOP (S (NP-SBJ Mr. Angrist) (VP writes (PP-CLR on (NP the options and commodities markets)) (PP for (NP The Wall Street Journal))) .)) (TOP (S (PP-LOC IN (S-NOM (NP-SBJ *) (VP SIZING (PRT UP) (NP (NP the risks) (PP of (NP stock-market investments)))))) , (NP-SBJ there) (VP 's (ADVP probably) (NP-PRD (NP no starting place) (ADJP better (PP than `` (NP beta))))) . '')) (TOP (S But (NP-SBJ investors) (ADVP better) not (VP ignore (NP its limitations) , (ADVP either)) .)) (TOP (S (NP-SBJ Beta) (VP is (NP-PRD (NP a handy gauge) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP measures (NP (NP the volatility) (PP of (NP a (NX (NX stock) or (NX stock mutual fund)))))))))) .)) (TOP (S (PP For (NP (NP any given move) (PP-LOC in (NP the overall market)))) , (NP-SBJ it) (VP suggests (SBAR (WHADVP-1 how steeply) (S (NP-SBJ that particular issue) (VP might (VP rise or fall (ADVP-MNR *T*-1)))))) .)) (TOP (S (NP-SBJ Beta figures) (VP are (ADJP-PRD (ADJP widely available) and (ADJP easy (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP interpret (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP The beta) (PP of (NP the broad market)) , (VP (ADVP-TMP typically) defined (NP *) (PP-CLR as (NP (NP the Standard & Poor 's) 500-stock index))) ,) (VP is (ADVP-TMP always) (NP-PRD 1.0)) .)) (TOP (S So (S (NP-SBJ (NP a stock) (PP with (NP (NP a beta) (PP of (NP 0.5))))) (VP is (ADJP-PRD half as volatile))) , (S (NP-SBJ (NP one) (PP at (NP 1.5))) (VP is (ADJP-PRD (NP 50 %) more volatile))) , and (ADVP so on) .)) (TOP (S (NP-SBJ Cautious investors) (VP should (ADVP generally) (VP go (PP-CLR with (NP (NP stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (NP low betas)))))))) .)) (TOP (S (NP-SBJ-1 *) (VP Go (PP with (NP high-beta stocks)) (S-PRP (NP-SBJ *-1) (VP to (VP get (NP the biggest payoff) (PP-CLR from (NP (NP a bet) (PP on (NP a bull market)))))))) .)) (TOP (S (NP-SBJ *) (VP Remember (PRN , (ADVP though) ,) (SBAR that (S (NP-SBJ beta) (ADVP also) (VP has (NP important limitations))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Beta) (VP is (NP-PRD (NP only part) (PP of (NP (NP the risk) (PP-LOC in (NP a stock))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP William F. Sharpe) , (NP (NP the Stanford University emeritus professor) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP developed (NP the measure)))))) .)) (TOP (S `` (NP-SBJ There) (VP is (NP-PRD (NP risk) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP is not (VP associated (NP *-2) (PP-CLR with (NP market moves)))))))) , and (S (NP-SBJ the beta) (VP does n't (VP tell (NP you) (NP (NP the magnitude) (PP of (NP that)))))) . '')) (TOP (S (PP In (NP particular)) , (NP-SBJ beta) (VP does n't (VP measure (NP (NP the company) - and (NP (NP industry-specific risk) (VP associated (NP *) (PP-CLR with (NP an individual stock))))))) .)) (TOP (S (S (NP-SBJ That `` business '' risk) (VP is (ADJP-PRD very significant) (PP for (NP (NP an investor) (PP with (NP (QP only a few) stocks)))))) , but (S (NP-SBJ it) (VP (ADVP virtually) disappears (PP-LOC in (NP a (ADJP large and well-diversified) portfolio)))) .)) (TOP (S (NP-SBJ Beta) (VP is (ADVP also) (NP-PRD (NP a poor indicator) (PP of (NP (NP the risk) (PP-LOC in (NP (NP stock groups) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP march (PP-CLR to (NP their own drummer))))))))))) .)) (TOP (S (PP In (NP particular)) , (S (NP-SBJ (NP the prices) (PP of (NP (NP gold) and (NP other precious-metals stocks)))) (VP shoot (ADVP-DIR up and down))) , but (S (NP-SBJ-1 the stocks) (VP tend (S (NP-SBJ *-1) (VP to (VP have (NP low betas)))) (SBAR-PRP because (S (NP-SBJ their moves) (VP are not (ADJP-PRD market-inspired)))))) .)) (TOP (S (NP-SBJ Concern (SBAR that (S (NP-SBJ investors) (VP could (VP misinterpret (NP such readings)))))) (VP led (S (NP-SBJ (NP the American Association) (PP of (NP Individual Investors))) (VP to (VP eliminate (NP (NP beta figures) (PP for (NP precious-metals funds))) (PP-LOC in (NP (NP the 1989 edition) (PP of (NP its mutual-fund guide)))))))) .)) (TOP (SINV `` (S-TPC (NP-SBJ Our fear) (VP was (SBAR-PRD 0 (S (NP-SBJ people) (VP would (VP (VP look (ADVP just) (PP-CLR at (NP (NP the beta) (PRN -LCB- (PP of (NP a gold fund)) -RCB-)))) and (VP say (SBAR 0 (SINV (ADVP-LOC-PRD-TPC-1 here) (VP is (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP an investment) (PP with (NP (ADJP very low) risk)))))))))))) , '' (VP says) (NP-SBJ (NP John Markese) , (NP (NP director) (PP of (NP research)) (PP for (NP the Chicago-based group)))) .)) (TOP (S `` (S (PP-LOC In (NP reality)) (NP-SBJ it) (VP 's (ADJP-PRD very volatile))) , but (S (NP-SBJ the movements) (VP are not (PP-PRP-PRD because of (NP market movements)))) .)) (TOP (S (NP-SBJ-1 *) (ADJP-PRD READY (S (NP-SBJ *-1) (VP TO (VP REVIEW (NP (NP the riskiness) (PP of (NP your investment portfolio))))))) ?)) (TOP (FRAG (ADVP-TMP First) , (NP a pop quiz) .)) (TOP (SBARQ (SBAR-TMP (WHADVP-3 When) (S (NP-SBJ you) (VP think (PP-CLR of (NP the words `` risk '' and `` investment)) (ADVP-TMP *T*-3)))) , '' (WHNP-1 what) (SQ (NP-SBJ *T*-1) (VP 's (NP-PRD (NP the specific peril) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP comes (PP-DIR to (VP mind)))))))) ?)) (TOP (FRAG (NP Pencils) (ADVP down) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP 're (PP-PRD like (NP most people))))) , (NP-SBJ you) (VP said (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD (NP (NP a holding) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP goes (ADJP-PRD completely sour))))) -- maybe (NP (NP (NP a bond) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP defaults)))) or (NP (NP a stock) (SBAR (WHNP-1 whose value) (S (NP-SBJ *T*-1) (VP disappears (PP-LOC in (NP a bankruptcy proceeding)))))))))))) .)) (TOP (SINV `` (S-TPC (NP-SBJ-1 People) (VP tend (S (NP-SBJ *-1) (VP to (VP see (NP risk) (ADVP primarily) (PP-LOC on (NP that one dimension))))))) , '' (VP says) (NP-SBJ (NP Timothy Kochis) , (NP (NP national director) (PP of (NP personal financial planning)) (PP for (NP accountants Deloitte , Haskins & Sells)))) .)) (TOP (SINV But (ADVP-LOC-TPC-1 therein) (VP lies (ADVP-LOC-TPC *T*-1)) (NP-SBJ (NP (NP another aspect) (PP of (NP investment risk))) : (NP (NP the hazard) (PP of (S-NOM (NP-SBJ-2 *) (VP (VP shaping (NP your portfolio) (S-PRP (NP-SBJ *-2) (VP to (VP avoid (NP (NP (QP one or more) types) (PP of (NP risk))))))) and (VP being (VP blind-sided (NP *-2) (PP by (NP-LGS others))))))))) .)) (TOP (S (NP-SBJ This) (VP is (ADVP clearly) not (NP-PRD good news) (PP to (NP (NP all you people) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP sleep (PP-MNR like (NP babies)) (NP-TMP every night) , (S-ADV (NP-SBJ-3 *-2) (VP lulled (NP *-3) (PP by (NP-LGS (NP visions) (PP of (NP (NP your money) (VP sitting (ADVP-MNR risk-free) (PP-LOC-CLR in (NP six-month CDs))))))))))))))) .)) (TOP (S (S (NP-SBJ Risk) (VP wears (NP many disguises))) , and (S (NP-SBJ (NP investments) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD low (PP in (NP (NP one type) (PP of (NP obvious risk))))))))) (VP can (VP be (ADJP-PRD distressingly high (PP in (NP other , (ADJP less obvious) kinds)))))) .)) (TOP (S (NP-SBJ U.S. Treasury bonds) , (PP for (NP example)) , (VP are (NP-PRD supersafe) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP comes (PP-DIR to (S-NOM (NP-SBJ *) (VP returning (NP money) (PP-TMP at (NP maturity))))) (ADVP-TMP *T*-1))))) .)) (TOP (S But (NP-SBJ-1 (NP their value) (PP as (NP investments))) (VP can (VP be (VP decimated (NP *-1) (PP by (NP-LGS (NP inflation) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP erodes (NP (NP the purchasing power) (PP of (NP (NP bonds ') fixed-dollar interest payments))))))))))) .)) (TOP (S (NP-SBJ Risk) (VP is (ADVP also) (NP-PRD (NP a function) (PP of (NP time)))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ financial professionals) (VP measure (NP risk) (ADVP-MNR mathematically) (ADVP-TMP *T*-1)))) , (NP-SBJ they) (ADVP-TMP usually) (VP focus (PP-CLR on (NP (NP the volatility) (PP of (NP short-term returns))))) .)) (TOP (S (NP-SBJ Stocks) (VP are (ADJP-PRD (ADJP much riskier) (PP than (NP Treasury bills))) (PRN , (PP for (NP example)) ,) (SBAR-PRP because (S (NP-SBJ (NP the range) (PP-LOC in (NP performance)) (PP (PP from (NP the best years)) (PP to (NP the worst)))) (VP is (ADJP-PRD much wider))))) .)) (TOP (S (NP-SBJ-1 That) (VP is (ADVP-TMP usually) (VP measured (NP *-1) (PP by (NP-LGS (NP (NP the standard deviation) , or (NP divergence) ,) (PP of (NP annual results)) (PP from (NP (NP the average return) (PP-TMP over (NP time)))))))) .)) (TOP (S But (NP-SBJ (NP investors) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP are (VP preoccupied (NP *-1) (PP-CLR with (NP short-term fluctuations))))))) (VP may (VP be (VP paying (NP too little attention) (PP-CLR to (NP (NP another big risk) -- (S-NOM (NP-SBJ *) not (VP generating (NP enough money (S (NP-SBJ *) (VP to (VP meet (NP long-term financial and life-style goals)))))))))))) .)) (TOP (S (S (PP For (NP instance)) , (NP-SBJ some investors) (VP have (VP sworn (PRT off) (NP stocks) (PP-TMP since (NP the 1987 market crash))))) ; (S (NP-SBJ (NP last Friday 's) debacle) (ADVP only) (VP reinforced (NP those feelings))) .)) (TOP (S But (NP-SBJ the stock market) , (PP despite (NP some stomach-churning declines)) , (VP has (VP (ADVP far) outperformed (NP other securities) (PP-TMP over (NP extended periods)))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP retreating (PP-DIR to (NP (NP the apparent security) (PP of (PRN , (ADVP say) ,) (NP money-market funds))))))) , (NP-SBJ-1 investors) (VP may not (VP be (VP earning (NP enough investment return (S (NP-SBJ *) (VP to (VP pay (PP-CLR for (NP a comfortable retirement))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ That) (VP 's (NP-PRD (NP (NP the biggest risk) (PP of (NP all))) -- (NP (NP the risk) (PP of (S-NOM (NP-SBJ *) not (VP meeting (NP your objectives)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Steven B. Enright) , (NP (NP a New York financial planner) (PP with (NP Seidman Financial Services)))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ financial advisers) (VP say (SBAR 0 (S (NP-SBJ they) (VP take (NP several steps) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ *) (VP evaluating (NP (NP the riskiness) (PP of (NP (NP clients ') portfolios))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ They) (VP estimate (NP (NP (NP the return) (SBAR (WHNP-2 0) (S (NP-SBJ-3 (NP a person 's) current portfolio) (VP is (ADJP-PRD likely (S (NP-SBJ *-3) (VP to (VP generate (NP *T*-2) (PP-TMP over (NP time)))))))))) , (CONJP along with) (NP (NP a standard deviation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP suggests (SBAR-NOM (WHNP-4 how much) (S (NP-SBJ the return) (VP will (VP vary (NP-EXT *T*-4) (NP-TMP (NP year) (PP by (NP year))))))))))))) .)) (TOP (S (NP-SBJ-2 They) (VP try (S (NP-SBJ *-2) (VP to (VP figure (PRT out) (NP (NP the long-term results) (SBAR (WHNP-1 0) (S (NP-SBJ-3 the person) (VP needs (NP *T*-1) (S-CLR (NP-SBJ *-3) (VP to (VP meet (NP major goals)))))))))))) .)) (TOP (S And (NP-SBJ they) (VP eyeball (NP (NP types) (PP of (NP risk)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP are not (VP (ADVP-MNR easily) quantified (NP *-2))))))) .)) (TOP (S (NP-SBJ (NP The portfolios) (PP of (NP (NP two hypothetical families) , (NP (NP (NP one) (NP (NP a couple) (PP-TMP at (NP retirement age)))) and (NP (NP another) (NP (NP a two-income couple) (PP-TMP at (NP age 45))))) ,))) (VP illustrate (NP (NP several types) (PP of (NP risk)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 investors) (VP need (S (NP-SBJ *-1) (VP to (VP consider (NP *T*-2))))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ-2 (NP the insured municipal bonds) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP dominate (NP (NP the older couple 's) portfolio))))) (VP were (ADVP probably) (VP selected (NP *-2) (PP in (NP large part)) (PP-PRP for (NP their low repayment risk)))) .)) (TOP (S But (NP-SBJ they) (VP expose (NP the holders) (PP-CLR to (NP (NP a lot) (PP of (NP (NP inflation risk) and (NP interest-rate risk)))))) .)) (TOP (S (NP-SBJ (NP The younger couple 's) stockholdings) (VP involve (NP (NP more risk) (PP than (NP a diversified stock portfolio))) (SBAR-PRP because (S (NP-SBJ (NP the bulk) (PP of (NP the money))) (VP is (PP-LOC-PRD in (NP a single issue)))))) .)) (TOP (S (NP-SBJ *) (VP Note (SBAR that (S (NP-SBJ (NP the younger couple 's) portfolio) (VP has (NP (NP a higher expected annual return) , (NP (NP 10.1 %) (PP vs. (NP 8.8 %))) , (SBAR as (S (NP-SBJ-2 *) (VP calculated (NP *-2) (PP by (NP-LGS (NP Seidman Financial Services) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP the financial-planning affiliate) (PP of (NP BDO Seidman)))))))))))))))) .)) (TOP (S (NP-SBJ That) (VP (ADVP largely) reflects (NP the heavy stockholdings)) .)) (TOP (S But (NP-SBJ (NP one price) (VP paid (NP *) (PP-CLR for (NP the higher expected return)))) (VP is (NP-PRD greater short-term volatility) , (SBAR-ADV as (S (NP-SBJ-2 *) (VP reflected (NP *-2) (PP-LOC-CLR in (NP (NP the higher standard deviation) (SBAR (WHNP-1 that) (S (NP-SBJ Seidman) (VP estimates (NP *T*-1) (PP for (NP (NP the younger couple 's) portfolio))))))))))) .)) (TOP (S -LRB- (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP 's (ADVP-LOC-PRD *T*-1)) (SBAR-NOM-SBJ (WHADVP-2 how) (S (NP-SBJ *) (VP to (VP interpret (NP a standard deviation figure) (ADVP-MNR *T*-2)))))) : (S (NP-SBJ *) (VP (VP Take (NP the expected return)) and (VP add (NP one standard deviation) (PP-CLR to (NP it))))) .)) (TOP (S Then (NP-SBJ *) (VP (VP take (NP the expected return)) and (VP subtract (NP one standard deviation))) .)) (TOP (S (PP-TMP In (NP (QP two of three) years)) , (NP-SBJ the actual result) (VP should (VP fall (PP-DIR within (NP that range)) (SBAR-ADV if (S (NP-SBJ all the assumptions) (VP were (ADJP-PRD accurate)))))) .)) (TOP (S Then (NP-SBJ-1 *) (VP add and subtract (NP two standard deviations) (S-PRP (NP-SBJ *-1) (VP to (VP get (NP a wider range))))) .)) (TOP (S (NP-SBJ There) (VP 's (NP-PRD a (ADJP 95 %) probability (SBAR 0 (S (NP-SBJ (NP any year 's) result) (VP will (VP fall (PP-DIR in (NP the range)))))))) . -RRB-)) (TOP (S (PP Of (NP course)) , (NP-SBJ (NP the greater volatility) (PP of (NP (NP the younger couple 's) portfolio))) (VP does n't (ADVP necessarily) (VP mean (SBAR 0 (S (NP-SBJ those investments) (VP are (ADJP-PRD riskier) (PP-LOC in (NP (NP terms) (PP of (S-NOM (NP-SBJ *) (VP meeting (NP (NP the holders ') long-term goals))))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP the older couple 's) portfolio) (VP could (ADVP actually) (VP be (ADJP-PRD riskier) (PP-LOC in (NP that sense)) (SBAR-ADV if (S (NP-SBJ the expected return) (VP wo n't (VP generate (NP enough dollars (S (NP-SBJ *) (VP to (VP meet (NP their spending plans))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ They) (VP may (VP feel (ADJP-PRD emotionally secure) (ADVP-TMP now) (SBAR-PRP because (S (NP-SBJ they) (VP are not (PP-LOC-PRD (ADVP heavily) in (NP the stock market)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP John H. Cammack) , (NP (NP a financial planner) (PP with (NP (NP Alexandra Armstrong Advisors Inc.) (PP-LOC in (NP Washington)))))) .)) (TOP (S `` But (NP-SBJ they) (VP may (VP pay (NP a price) (PP-TMP (NP 10 or 20 years) in (NP the future)))) . '')) (TOP (S (NP-SBJ Ms. Slater) (VP reports (PP-CLR on (NP personal finance)) (PP from (NP (NP The Wall Street Journal 's) New York bureau))) .)) (TOP (S (SBAR-TMP (WHADVP-3 When) (S (NP-SBJ it) (VP comes (PP-DIR to (NP investing)) (ADVP-TMP *T*-3)))) , (S (S-NOM-SBJ (NP-SBJ-4 *) (VP trying (S (NP-SBJ *-4) (VP to (VP weigh (NP risk and reward)))))) (VP can (VP seem (PP-CLR like (S-NOM (NP-SBJ *) (VP throwing (NP darts) (ADVP-MNR blindfolded))))))) : (S (NP-SBJ Investors) (VP do n't (VP know (NP (NP (NP the actual returns) (SBAR (WHNP-2 that) (S (NP-SBJ securities) (VP will (VP deliver (NP *T*-2)))))) , or (NP (NP the ups and downs) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP occur (PP-LOC along (NP the way))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Looking (PP-CLR to (NP the past)))) (VP can (VP provide (NP some clues))) .)) (TOP (S (PP-TMP Over (NP several decades)) , (PP for (NP instance)) , (NP-SBJ (NP investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP put (PRT up) (PP-CLR with (NP (NP the stock market 's) gyrations)))))) (VP earned (NP (NP returns) (PP (ADVP far) in (NP (NP excess) (PP of (NP (NP those) (PP-LOC on (NP (NP bonds) and (NP (NP `` cash '' investments) (PP like (NP Treasury bills))))))))))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ history) (VP can (VP suggest (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD reasonable (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP expect (NP *T*-2))))))))))))) (NP-SBJ there) (VP 's (NP-PRD no guarantee (SBAR that (S (NP-SBJ the past) (VP will (VP repeat (NP itself))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ some analysts) (VP believe (SBAR 0 (S (NP-SBJ bond returns and volatility) (VP have (VP moved (ADJP permanently closer (PP to (NP (NP those) (PP of (NP the stock market)))))))))) .)) (TOP (S And (NP-SBJ-1 (NP returns) (PP on (NP cash investments))) (VP may (VP continue (S (NP-SBJ *-1) (VP to (VP exceed (NP inflation) (PP-EXT by (NP (NP a wider margin) (SBAR than (S (NP-SBJ they) (VP did (VP *?* (PP-TMP over (NP the long-term past))))))))))))) .)) (TOP (NP (NP Portfolio A) : (NP (NP (NP Retired couple) , (NP age 65)) ; (NP (ADJP $ 400,000 *U*) portfolio)) .)) (TOP (NP (NP Portfolio B) : (NP (NP (NP Two-income couple) , (NP age 45)) ; (NP (ADJP $ 150,000 *U*) portfolio)) .)) (TOP (S (NP-SBJ (NP A letter) (PP from (NP Senator John Kerry))) (VP chides (NP-1 us) (NP-TMP today) (PP-PRP for (S-NOM (NP-SBJ *-1) (VP implying (SBAR that (S (NP-SBJ he) (VP had (VP `` flip-flopped '' (PP-LOC on (NP Manuel Noriega)))))))))) .)) (TOP (S (NP-SBJ He) (VP (ADVP-MNR correctly) says (SBAR 0 (S (NP-SBJ he) (VP has (VP been (ADJP-PRD down (PP on (NP Noriega))) (PP-TMP for (NP some time)) , (FRAG (ADVP hence) (NP (NP his criticism) (PP of (NP (NP administration mishandling) (PP of (NP the attempted coup))))))))))) .)) (TOP (S (NP-SBJ Our (NAC-TMP October 12) editorial) (VP should (VP have (VP been (ADJP-PRD more precise)))) .)) (TOP (S (NP-SBJ-1 It) (VP meant (S (NP-SBJ *-1) (VP to (VP convey (NP our hope (SBAR that (S (NP-SBJ-2 (NP the Senator) and (NP (NP other members) (PP of (NP the congressional left)))) (VP are (VP broadening (NP (NP their dislike) (PP of (NP Noriega))) (S-PRP (NP-SBJ *-2) (VP to (VP include (NP other notorious Central American drug runners))))))))))))) .)) (TOP (S (NP-SBJ (NP The Sandinistas) (PP of (NP Nicaragua))) , (PP for (NP example)) , (ADVP also) (VP are (NP-PRD (NP part) (PP of (NP the Castro-Medellin cartel nexus)))) .)) (TOP (S (PP-LOC (PP In (NP his letter)) and (PP on (NP (NP the basis) (PP of (NP (NP his losing vote) (NP-TMP Tuesday) (PP against (NP (NP U.S. aid) (PP for (NP the Nicaraguan opposition))))))))) , (NP-SBJ Senator Kerry) (VP makes (S (ADJP-PRD clear) (SBAR-SBJ 0 (S (NP-SBJ he) (VP has not (VP made (NP that intellectual leap))))))) .)) (TOP (S (NP-SBJ We) (VP were (ADJP-PRD wrong)) .)) (TOP (S (PP-TMP THROUGHOUT (NP THE 1980s)) , (NP-SBJ investors) (VP have (VP been (VP looking (PP-CLR for (NP (NP creative alternatives) (PP to (NP (NP traditional modes) (PP of (NP financial planning))))))))) .)) (TOP (S (S (NP-SBJ-1 Capital) (VP has (VP been (VP democratized (NP *-1))))) , and (S (NP-SBJ people) (VP want (ADVP-CLR in))) .)) (TOP (S (ADVP-TMP Too often) , (ADVP however) , (NP-SBJ-1 small investors) (VP are (VP left (NP *-1) (PP-CLR with (NP (NP the same stale solutions) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP appealed (PP-CLR to (NP (NP previous generations) (PP of (NP fiduciary strategists))))))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ (NP a startling new approach) (PP *ICH*-1)) (VP is (ADJP-PRD available) (PP-1 to (S-NOM (NP-SBJ *) (VP building (NP your financial portfolio) (PP (PP without (NP undue risk)) , (PP without (NP extensive planning)) and (PP without (S-NOM (NP-SBJ *) (VP hurting (NP your life style) (NP-EXT one bit))))))))) !)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (ADJP particularly good) news) (PP for (NP (NP those) (SBAR (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP hate (NP risk)))) , (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP are (ADJP-PRD incapable (PP of (S-NOM (NP-SBJ *) (VP doing (NP (NP extensive amounts) (PP of (NP planning)))))))))) and (SBAR (WHNP-4 who) (S (NP-SBJ-5 *T*-4) (VP refuse (S (NP-SBJ *-5) (VP to (VP see (S (NP-SBJ-6 their life styles) (VP hurt (NP *-6) (PP-MNR in (NP any way)))))))))))))) .)) (TOP (S (NP-SBJ You) (VP know (SBAR-NOM (WHNP-1 who) (S (NP-SBJ you) (VP are (NP-PRD *T*-1))))) .)) (TOP (S (NP-SBJ My revolutionary system) (VP is (ADVP also) (ADJP-PRD useful) (PP for (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP tried (NP (NP customary forms) (PP of (S-NOM (NP-SBJ *) (VP growing (NP their currency cushion)))))))))))) .)) (TOP (S (PP Like (NP (NP all Americans) (VP seeking (NP chronic prosperity)))) , (NP-SBJ I) (VP do (VP find (S (NP-SBJ (NP it) (S *EXP*-2)) (ADJP-PRD necessary) (S-2 (NP-SBJ-3 *) (VP to (VP plunge (NP certain funds) (PP-DIR into (NP conservative monetary tools)) , (SBAR-PRP if only (S (NP-SBJ *-3) (VP to (VP assuage (NP (NP my father-in-law) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP believes (PP-CLR in (NP such things)))))))))))))))) .)) (TOP (S So (PP-TMP throughout (NP the decade)) (NP-SBJ-1 I) (VP have (VP (VP maintained (NP (NP my share) (PP of (NP (NP individual retirement accounts) and (NP CDs))))) , and (VP tinkered (PP-CLR with (NP (NP stocks) , (NP bonds) and (NP mutual funds)))) , (FRAG (CONJP as well as) (S-NOM (NP-SBJ *-1) (VP preserving (NP (NP my necessary position) (PP-LOC in (NP the residential real-estate market)))))))) .)) (TOP (S (NP-SBJ (NP Return) (PP on (NP this fine portfolio))) (VP has (VP been (ADJP-PRD modest) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP has not (VP been (ADJP-PRD negative) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ Figure 1) (VP demonstrates (NP (NP the performance) (PP of (NP (NP those businesses) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP 've (VP invested (PP-CLR in (NP *T*-1)) (PP-TMP during (NP this prosperous decade))))))))) (PRN -LRB- (S (NP-SBJ *) (VP see (NP (NP accompanying illustration) -- (NP-LOC WSJ Oct. 20 , 1989)))) -RRB-)) .)) (TOP (S (NP-SBJ Oil-related properties) (VP suffered (NP a huge decline) (SBAR-TMP until (S (NP-SBJ I) (VP divested (NP myself) (PP-CLR of (NP all such stocks)) (PP-TMP in (NP (NP 1985) , (SBAR (WHPP-2 at (WHNP which point)) (S (NP-SBJ-1 the industry) , (SBAR-ADV while (S (NP-SBJ *-1) not (VP lighting (PRT up) (NP any Christmas trees)))) , (VP began (NP a slow recovery) (PP-TMP *T*-2)))))))))) .)) (TOP (S (ADVP Likewise) , (NP-SBJ mutual funds) (VP remained (ADJP-PRD relatively flat) (SBAR-TMP until (S (NP-SBJ I) (VP made (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP was , (PP for (NP me)) , (NP-PRD a serious investment)))))))) .)) (TOP (S (PP-TMP By (NP 1987)) , (NP-SBJ these properties) (VP were (PP-LOC-PRD in (NP a tailspin)) , (S-ADV (NP-SBJ *) (VP causing (S (NP-SBJ (NP my broker) (PP-LOC at (NP Pru-Bache))) (VP to (VP remark (SBAR that (S (NP-SBJ she) (VP 'd `` (ADVP-TMP never) (VP seen (NP (NP anything) (PP like (NP it))))))))))))) . '')) (TOP (S (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Concerned (PP for (NP (NP her state) (PP of (NP mind)))))) , (NP-SBJ-1 I) (VP dropped (NP them))) -- and (S (NP-SBJ the market) (ADVP-TMP instantly) (VP began (NP (NP its steady climb) (ADVP back (PP to (NP health)))))) .)) (TOP (SINV (ADVP Perhaps) (ADJP-PRD-TPC-2 most dramatic) (VP was (ADJP-PRD *T*-2)) (NP-SBJ (NP the performance) (PP of (NP (NP the metropolitan New York real-estate market) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (VP booming (SBAR-TMP until (S (NP-SBJ I) (VP entered (NP it) (PP-TMP in (NP (NP late 1988) , (SBAR (WHPP-3 at (WHNP which time)) (S (NP-SBJ it) (VP posted (NP (NP the first negative compound annual growth rate) (PP-TMP in (NP years))) (PP-TMP *T*-3)))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (ADJP-PRD Disgusted)) , (S (NP-SBJ-2 I) (VP cast (ADVP-CLR around) (PP-CLR for (NP (NP a different way) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP plan (NP my asset distribution) (ADVP-MNR *T*-3))))))))) , and (S (PP with (NP (ADJP hardly any) heavy breathing)) (NP-SBJ (NP the answer) (S *ICH*-4)) (VP struck (NP me) : (S-4 (NP-SBJ I) (VP was (VP doing (NP it) (ADVP-TMP already)))))) !)) (TOP (S (NP-SBJ We) (VP 've all (VP got (NP (NP money) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP spend (NP *T*-1))))) , (NP (NP some) (PP of (NP it)) (ADJP clearly disposable (SBAR-PRP since (S (NP-SBJ we) (VP keep (VP disposing (PP-CLR of (NP it))))))))))) .)) (TOP (S (NP-SBJ *) (VP Bank (NP it)) ?)) (TOP (ADVP Not really !)) (TOP (S (NP-SBJ *) (VP Sock (NP it) (ADVP-CLR away) (PP-LOC-CLR in (NP long-term instruments))) ?)) (TOP (NP Nonsense !)) (TOP (S (NP-SBJ Daily living) (VP is (NP-PRD the (ADJP best possible) investment)) !)) (TOP (S (S (NP-SBJ Your priorities) (VP may (VP be (ADJP-PRD different)))) , but (S (SINV (ADVP-LOC-PRD-TPC-1 here (PP in (NP Figure 2))) (VP is (ADVP-LOC-PRD *T*-1)) (SBAR-NOM-SBJ (WHADVP-3 where) (S (NP-SBJ-2 I) (VP 've (VP chosen (S (NP-SBJ *-2) (VP to (VP build (PP-PRP for (NP the future)) (ADVP-LOC *T*-3))))))))) : (FRAG (NP (NP personal space) ; (NP automotive pursuits) ; (NP (NP children 's) toys) ; (NP (NP gardening equipment) , (NP bulbs and shrubs)) ; and (ADVP finally) , (NP (NP entertainment) , (NP (ADVP perhaps) (NP the best investment) (PP of (NP all))))))) .)) (TOP (S (NP-SBJ-1 All) (VP (VP have (VP paid (PRT off) (PP-PRP for (NP me)) (PP in (NP double-digit annual growth)))) and (VP continue (S (NP-SBJ *-1) (VP to (VP provide (NP significant potential)))))) .)) (TOP (FRAG (ADVP At least) , (PP according (PP to (NP my calculations))) .)) (TOP (S (NP-SBJ (NP Personal space) (PRN -LRB- (NP-LOC Figure 3) -RRB-)) (VP has (VP grown (NP-EXT 35 %) (ADVP-TMP annually) (PP-TMP over (NP (NP the course) (PP of (NP the decade)))) , (NP-ADV (NP a performance) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP compare (ADVP-MNR positively) (PP-CLR with (NP (NP an investment) (PP-LOC in (PRN , (ADVP say) ,) (NP (NP synthetic-leather products) (PP for (NP (NP the interiors) (PP of (NP cold-weather vehicles)))) , (SBAR (WHNP-2 which) (S (NP-SBJ my cousin) (VP (VP got (PP-DIR into (NP *T*-2))) and (VP (ADVP-MNR sort of) regrets (NP *T*-2) (PP-TMP to (NP this day))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The assortment) (PP of (NP (NP expensive children 's) toys)) (SBAR (WHNP-2 that) (S (NP-SBJ I) (VP have (VP purchased (NP *T*-2) (ADVP-MNR wisely) (PP-LOC at (NP (NP a host) (PP of (NP discount-toy brokerage firms))))))))) (PRN -LRB- (NP Figure 4) -RRB-) (VP has (VP increased (ADVP-MNR handsomely) (PP in (NP total asset value)) (PP (ADVP far) beyond (NP (NP any personal investment) (PP except , (ADVP perhaps) , (PP for (NP (NP my record collection) , (SBAR (WHNP-1 whose worth) (PRN , (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-3)) (VP 's (ADJP-PRD safe) (S-3 (NP-SBJ *) (VP to (VP say (S *?*))))))))) ,) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD incalculable))))))))))) .)) (TOP (S (NP-SBJ (NP Continued investment) (PP in (NP my 1984 subcompact))) (VP has (VP been (NP-PRD (NP part) (PP of (NP my strategy))) (PRN -LRB- (NP Figure 5) -RRB-) , (PP with (S-NOM (NP-SBJ present annual contributions) (ADVP-TMP now) (VP equaling (NP (NP (QP more than 60) %) (PP of (NP (NP the car 's) original value)))))))) .)) (TOP (S (PP According (PP to (NP my calculations))) , (NP-SBJ these outlays) (VP should (VP have (VP brought (NP (NP the value) (PP of (NP my sedan)) (PP-LOC *ICH*-1)) (PP-DIR to (NP (QP more than $ 22,000) *U*)) (PP-LOC-1 on (NP (NP the open market) (PRN -LRB- (NP Figure 6) -RRB-) , (SBAR (WHADVP-3 where) (S (NP-SBJ-2 I) (VP plan (S (NP-SBJ *-2) (VP to (VP offer (NP it) (ADVP-TMP shortly) (ADVP-LOC *T*-3)))))))))))) .)) (TOP (S (NP-SBJ (NP Expansion) (PP of (NP my living space))) (VP has (VP produced (NP (NP an obvious need) (PP for (NP (NP maintenance and construction) (PP of (NP (NP suitable (NX (NX lawns) , (NX shrubs) and (NX bushes))) (ADJP fitting (PP to (NP its suburban locale)))))))))) .)) (TOP (S (NP-SBJ-1 I) (VP have (ADVP thus) (VP committed (NP sufficient personal outlay) (S-PRP (NP-SBJ *-1) (VP to (VP ensure (SBAR that (S (NP-SBJ my grounds and lodgings) (VP will (ADVP-TMP never) (VP be (ADJP-PRD short (PP of (NP greens and flowers)))))))))))) .)) (TOP (S (NP-SBJ (NP My initial stake) (PP-LOC in (NP this blooming enterprise))) (VP has (VP grown (ADVP tenfold) , (PP according (PP to (NP my conservative calculations))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ (NP my share) (PP-LOC in (NP (NP a wide variety) (PP of (NP entertainment pursuits))))) (VP has (VP given (NP (NP perhaps the (ADJP most dramatic) demonstration) (PP of (NP (NP the benefits) (PP of (NP creative personal financial planning))))))) .)) (TOP (S (PP-TMP Over (NP (NP the course) (PP of (NP the decade)))) , (PP for (NP instance)) , (NP-SBJ-2 (NP my return) (PP on (NP (NP investment) (PP in (NP (NP the area) (PP of (NP poker)) (ADVP alone)))))) (PRN -LRB- (NP Figures 7A and 7B) -RRB-) (VP has (VP been (ADJP-PRD most impressive) , (S-ADV (NP-SBJ *-2) (VP showing (NP bodacious annual expansion) (PP with (PRN -- (PP given (NP (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ my associates) (VP play (ADVP-MNR *T*-1)))))) --) (NP (NP no sign) (PP of (NP abatement)) (UCP-TMP (PP into (NP the 1990s)) and (ADVP beyond)))))))) .)) (TOP (S (PP With (NP (NP this personal strategy) (PP-LOC (ADVP firmly) in (NP place)))) , (NP-SBJ I) (VP look (ADVP-CLR forward) (PP-CLR to (NP (NP years) (PP of (NP (NP fine life-style investments) and (NP increasing widespread leverage)))))) .)) (TOP (S (NP-SBJ (NP My kids ') college education) (VP looms (PP-CLR as (NP (NP perhaps the greatest future opportunity) (PP for (NP spending)))) , (SBAR-ADV although (S (NP-SBJ-1 I) (VP 'll (ADVP probably) (VP have (S (NP-SBJ *-1) (VP to (VP cash (PRT in) (NP their toy portfolio)))) (S-PRP (NP-SBJ *-1) (VP to (VP take (NP-CLR advantage) (PP-CLR of (NP it)))))))))) .)) (TOP (S But (PP with (NP (NP every step) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP take (NP *T*-1)))))) , (NP-SBJ I) (VP 'm (VP building (NP wealth))) .)) (TOP (S (NP-SBJ You) (VP can (VP *?* , (ADVP too) , (SBAR-ADV if (S (NP-SBJ-1 you) , (PP like (NP me)) , (VP refuse (S (NP-SBJ *-1) (VP to (VP bite (NP the bullet))))))))) .)) (TOP (S So (NP-SBJ *) (VP (VP go (ADVP out there)) and (VP eat (NP that debt))) .)) (TOP (S (NP-SBJ-1 You) (VP 're (NP-LOC-PRD (NP right there) (PP-LOC in (NP (NP the mainstream) (PP of (NP American business))))) , (S-ADV (NP-SBJ *-1) (VP building (NP value) (PP on (NP (NP the back) (PP of (NP insupportable expenditures))))))) .)) (TOP (S (NP-VOC Henry Kravis) , (NP-SBJ *) (VP watch (PRT out)) !)) (TOP (S (NP-SBJ Mr. Schwartz) (VP is (NP-PRD (NP a business executive and writer) (PP-LOC in (NP New York)))) .)) (TOP (S (SBAR-TMP (WHADVP-1 WHEN) (S (NP-SBJ JAMES SCHWARTZ) (VP was (NP-PRD just a lad) (ADVP-TMP *T*-1)))) (NP-SBJ his father) (VP gave (NP him) (NP (NP a piece) (PP of (NP career advice)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ He) (VP told (NP-2 me) (S (NP-SBJ *-2) (VP to (VP choose (NP (NP an area) (SBAR (WHADVP-4 where) (S (PP-MNR (ADVP just) by (S-NOM (NP-SBJ *-3) (VP being (ADJP-PRD mediocre)))) (NP-SBJ-3 I) (VP could (VP be (ADJP-PRD great) (ADVP-LOC *T*-4))))))))))) , '' (VP recalls (S *T*-1)) (NP-SBJ (NP Mr. Schwartz) , (ADVP-TMP now) (NP 40)) .)) (TOP (S (NP-SBJ He) (VP (VP tried (NP management consulting)) , (VP traded (PP-LOC-CLR in (NP turquoise)) (PP-TMP for (NP a while))) , and (ADVP even) (VP managed (NP professional wrestlers))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ he) (VP has (VP settled (PP-DIR into (NP (NP a career) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP fits (NP the bill)))) -- (NP financial planning))))) .)) (TOP (S (NP-SBJ-1 (NP It) (SBAR *EXP*-4)) (VP should (VP be (VP noted (NP *-1) (SBAR-4 that (S (NP-SBJ (NP Mr. Schwartz) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP operates (ADVP-LOC out (PP of (NP (NP Englewood) , (NP Colo.))))))) ,) (VP is (NP-PRD (NP a puckish sort) (SBAR (WHNP-3 who) (S (NP-SBJ-5 *T*-3) (VP likes (S (NP-SBJ *-5) (VP to (VP give (NP his colleagues) (NP the needle)))))))))))))) .)) (TOP (S But (PP-LOC in (NP this case)) (NP-SBJ the needle) (VP has (NP a (ADJP very sharp) point)) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ (NP it) (S *ICH*-2)) (VP 's (ADVP probably) (ADJP-PRD safe) (S-2 (NP-SBJ *) (VP to (VP assume (SBAR that (S (NP-SBJ (NP the majority) (PP of (NP financial planners))) (VP are (ADJP-PRD (ADJP honest) and even (ADJP reasonably competent))))))))))) , (NP-SBJ the fact) (VP remains (SBAR that , (S (SBAR-ADV as (S (NP-SBJ one wag) (VP puts (NP it)))) , `` (NP-SBJ (NP anybody) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP can (VP fog (NP a mirror)))))) '' (VP can (VP call (S (NP-SBJ himself) (NP-PRD a financial planner))))))) .)) (TOP (S (S (NP-SBJ Planners) (ADVP-TMP now) (VP influence (NP (NP the investment) (PP of (NP (QP several hundred billion) dollars))))) , but (S (PP in (NP effect)) (NP-SBJ they) (VP operate (PP-LOC in (NP the dark)))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP (NP no effective regulation) (PP of (NP planners))) , (NP (NP no accepted standard) (PP for (NP (NP admission) (PP into (NP their ranks)))) (PRN -- (S (NP-SBJ a dog) (VP got (PP-DIR into (NP one trade group)))) --)) (NP (NP no way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP assess (NP their performance) (ADVP-MNR *T*-1)))))) , (NP (NP no way) even (SBAR (WHADVP 0) (S (NP-SBJ *) (VP to (VP know (SBAR-NOM (WHNP-2 (NP how many) (PP of (NP them))) (S (NP-SBJ there) (VP are (NP-PRD *T*-2) (PRN -LRB- (S (NP-SBJ estimates) (VP range (PP-DIR (PP from (NP 60,000)) (PP to (NP 450,000))))) -RRB-))))))))))) .)) (TOP (S (NP-SBJ (NP All) (SBAR (WHNP-1 0) (S (NP-SBJ anyone) (VP need (VP do (NP *T*-1)))))) (VP is (S-PRD (NP-SBJ-2 *) (VP (VP hang (PRT up) (NP a shingle)) and (VP start (S (NP-SBJ *-2) (VP planning)))))) .)) (TOP (S So (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP should (VP come (PP-CLR as (NP no shock)) (SBAR-2 that (S (NP-SBJ the profession) , (SBAR-ADV if (S (NP-SBJ that) (VP 's (SBAR-NOM-PRD (WHNP-3 what) (S (NP-SBJ it) (VP is (NP-PRD *T*-3))))))) , (VP has (VP attracted (NP (NP a lot) (PP of (NP (NP people) (SBAR (WHNP-1 whose principal talents) (S (NP-SBJ-4 *T*-1) (VP seem (S (NP-SBJ *-4) (VP to (VP be (S-NOM-PRD (NP-SBJ *) (VP (VP frittering (PRT away) (NP *RNR*-5)) or (VP (ADVP-MNR flat-out) stealing (NP *RNR*-5)) (NP-5 (NP their clients ') money)))))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Alarmed)) , (NP-SBJ-1 (UCP state and federal) authorities) (VP are (VP trying (S (NP-SBJ *-1) (VP to (VP devise (NP (NP ways) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP certify and regulate (NP planners) (ADVP-MNR *T*-2))))))))))) .)) (TOP (S (S (NP-SBJ (NP Industry groups) and (NP (NP reputable planners) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (NP-PRD (NP members) (PP of (NP them)))))))) (VP want (NP comprehensive standards) , (ADVP too))) ; (S (NP-SBJ-2 they) (VP 're (ADJP-PRD tired (PP of (S-NOM (NP-SBJ *-2) (VP seeing (S (NP-SBJ-3 practitioners) (VP depicted (NP *-3) (ADVP-MNR collectively) (PP-LOC in (NP the business press)) (PP-CLR as (ADJP (ADJP (ADJP dumber) (PP than (NP chimpanzees))) and (ADJP (ADJP greedier) (PP than (NP (NP a herd) (PP of (NP swine))))))))))))))) .)) (TOP (S But (NP-SBJ reform) (VP has n't (VP taken (NP hold) (ADVP-TMP yet))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The industry) (VP is (ADVP-TMP still) (ADVP pretty much) (PP-LOC-PRD in (NP its Wild West days)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Scott Stapf) , (NP (NP director) (PP of (NP investor education)) (PP for (NP the North American Securities Administrators Association)))) .)) (TOP (S (NP-SBJ (NP An (ADJP admittedly limited) survey) (PP by (NP (NP NASAA) , (SBAR (WHNP-1 whose members) (S (NP-SBJ *T*-1) (VP are (NP-PRD state securities-law regulators)))) ,))) (VP found (SBAR that (S (PP-TMP between (NP 1986 and 1988)) (NP-SBJ `` (NP fraud and abuse) '' (PP by (NP financial planners))) (VP cost (NP 22,000 investors) (NP (QP $ 400 million) *U*))))) .)) (TOP (S (NP-SBJ (NP (NP The rogues ') gallery) (PP of (NP (NP planners) (VP involved (NP *))))) (VP includes (NP (NP some convicted felons) , (NP a compulsive gambler (QP or two)) , (NP (NP various businessmen) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP planned (NP their own previous ventures) (PP-DIR (ADVP right) into (NP bankruptcy))))))) , and (NP (NP one man) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP scammed (NP (NP his wife 's) grandmother))))))) .)) (TOP (SINV (S-TPC-5 (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (NP-PRD more)))) , (NP-SBJ (NP the losses) (SBAR (WHNP-3 0) (S (NP-SBJ (NP they) and (NP the others)) (VP caused (NP *T*-3))))) `` (VP are (SBAR-NOM-PRD (ADVP just) (WHNP-2 what) (S (NP-SBJ we) (VP are (VP stumbling (PP-CLR over (NP *T*-2)))))))) , '' (VP says (SBAR 0 (S *T*-5))) (NP-SBJ-4 Mr. Stapf) , (S-ADV (NP-SBJ *-4) (VP adding (SBAR that (S (NP-SBJ-6 (NP the majority) (PP of (NP misdeeds))) (ADVP probably) (VP go (S-CLR (NP-SBJ *-6) (ADJP-PRD undetected))))))) .)) (TOP (SINV (ADVP So) (VP do (VP *?*)) (NP-SBJ (NP (QP just about all) the losses) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP could (VP be (VP attributed (NP *-1) (PP-CLR to (NP (NP the sheer incompetence) (PP of (NP unqualified planners)))))))))) .)) (TOP (S (S (NP-SBJ Nobody) (VP can (VP estimate (NP the toll)))) , but (S (NP-SBJ (NP John Gargan) , (NP (NP a (NAC-LOC Tampa , Fla. ,) planner) and (NP (NP head) (PP of (NP (NP one trade group) , (NP (NP the International Association) (PP of (NP Registered Financial Planners))))))) ,) (VP thinks (SBAR 0 (S (NP-SBJ (NP the danger) (PP to (NP investors)) (PP from (NP incompetence))) (VP is `` (ADJP-PRD (ADJP humongous) , '' (ADJP (ADJP far greater) (PP than (NP (NP that) (PP from (NP crookery))))))))))) .)) (TOP (S (NP-SBJ His group) , (PP like (NP others)) , (VP wants (S (NP-SBJ-2 minimum standards) (VP applied (NP *-2) (PP-CLR to (NP (NP all) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP call (S (NP-SBJ themselves) (NP-PRD financial planners)))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Surveying (NP all this))) , (NP-SBJ-1 some people) (ADVP-TMP now) (VP think (SBAR 0 (S (NP-SBJ the best planner) (VP might (VP be (NP-PRD (NP no planner) (ADVP at all))))))) .)) (TOP (SINV (S-TPC-2 (PP For (NP most investors)) `` (NP-SBJ the benefits) (ADVP just) (VP are n't (ADJP-PRD worth (NP the risks)))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Barbara Roper) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP follows (NP financial-planning issues) (PP for (NP (NP (NP the Consumer Federation) (PP of (NP America))) , (NP (NP a consumer-advocacy organization) (VP based (NP *) (PP-LOC-CLR in (NP Washington)))))))))) .)) (TOP (S (S (NP-SBJ She) (VP concedes (SBAR that (S (NP-SBJ such a position) (VP is (ADJP-PRD `` unfair '' (PP to (NP (NP (NP the thousands) (PP of (NP (ADJP conscientious and qualified) people))) (VP plying (NP the trade)))))))))) , but (S (PP as (NP a consumer advocate)) (NP-SBJ-1 she) (VP feels (VP impelled (S (NP-SBJ *-1) (VP to (VP take (NP it))))))) .)) (TOP (S (NP-SBJ She) (VP says (SBAR 0 (S (NP-SBJ-2 her group) (VP (VP used (S (NP-SBJ *-2) (VP to (VP give (NP (NP tips) (PP on (S-NOM (NP-SBJ *) (VP selecting (NP planners)))) (PRN -- (S (NP-SBJ *) (VP (VP check (NP (UCP educational and experience) credentials)) , (VP consult (NP (NP regulators) and (NP Better Business Bureaus))))) --)))))) but (VP found (SBAR that (S (NP-SBJ-3 (NP even some people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP took (NP these steps))))) `` (VP were (ADVP-TMP still) (VP getting (VP ripped (NP *-3) (PRT off))))))))))) . '')) (TOP (S (NP-SBJ The bad news) , (ADVP however) , (VP has n't (VP been (ADJP-PRD bad enough (S (NP-SBJ *) (VP to (VP kill (NP (NP the growing demand) (PP for (NP financial planning))))))))) .)) (TOP (S (S (NP-SBJ (NP (NP (NP The Tax Reform Act) (PP of (NP 1986))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP eliminated (NP (NP many tax shelters) (VP peddled (NP *) (PP by (NP-LGS planners)))))))) , and (NP (NP the stock market crash) (NP-TMP the next year))) (VP did (VP cause (NP (NP a sharp slump) (PP-LOC in (NP such demand)))))) , and (S (NP-SBJ-2 many planners) (VP had (S (NP-SBJ *-2) (VP to (VP make (NP (NP an unplanned exit) (PP from (NP the business)))))))) .)) (TOP (S But (S (NP-SBJ (NP membership) (PP-LOC in (NP (NP (NP the International Association) (PP of (NP Financial Planners))) (PRN -LRB- (NP IAFP) -RRB-) , (NP (NP the industry 's) biggest trade group) ,))) (VP is (ADVP-TMP still) (SBAR-NOM-PRD (ADVP nearly triple) (WHNP-2 what) (S (NP-SBJ it) (VP was (NP-PRD *T*-2) (PP-TMP in (NP 1980))))))) , and (S (NP-SBJ (NP it) (SBAR *EXP*-3)) (VP 's (VP believed (SBAR-3 that (S (NP-SBJ (NP the ranks) (PP of (NP (NP planners) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP do n't (VP belong (PP-CLR to (NP any group))))))))) (VP have (VP soared (ADVP as well)))))))) .)) (TOP (S (S (NP-SBJ An estimated (QP 10 million) Americans) (VP are (ADVP-TMP now) (VP using (NP financial planners)))) , and (S (NP-SBJ (NP the pool) (PP of (NP capital)) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP influence (NP *T*-1))))) (VP is (ADJP-PRD enormous))) .)) (TOP (S (NP-SBJ (NP A survey) (PP of (NP (NP 54,000) (PP of (NP them)))) (VP conducted (NP *) (PP by (NP-LGS the IAFP)) (PP-TMP in (NP April)))) (VP showed (SBAR that (S (NP-SBJ (NP these practitioners) (ADVP alone)) (VP had (VP controlled or guided (NP (NP the investment) (PP of (NP (NP (QP $ 154 billion) *U*) (PP of (NP (NP their clients ') money))))) (PP-TMP in (NP the previous 12 months))))))) .)) (TOP (S (NP-SBJ (NP The sheer number) (PP of (NP planners))) (VP makes (S (NP-SBJ the business) (ADJP-PRD (ADJP extremely difficult (SBAR *RNR*-2)) , (CONJP if not) (ADJP impossible (SBAR *RNR*-2)) , (SBAR-2 (WHNP-1 0) (S (NP-SBJ *) (VP to (VP regulate (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Even the minority) (PP of (NP them)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP must (VP register (PP-CLR with (NP the Securities and Exchange Commission)) (PP-CLR as (NP `` (NP investment advisers) '' -- (NP (NP people) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP are (PP-LOC-PRD in (NP (NP the business) (PP of (S-NOM (NP-SBJ *) (VP counseling (NP others) (PP-CLR on (NP (NP the buying and selling) (PP of (NP securities)) (ADVP specifically)))))))))))) --))))))) (VP have (VP been (ADJP-PRD enough (S (NP-SBJ *) (VP to (VP swamp (NP (NP the agency 's) capacity))))))) .)) (TOP (S (NP-SBJ The SEC) (VP has (NP (NP (QP only about 200) staffers) (VP assigned (S (NP-SBJ *) (VP to (VP keep (NP-CLR tabs) (PP-CLR on (NP investment advisers)))))) -- (NP (NP about the same) (PP as (PP-TMP in (NP 1980)))) --) (SBAR-ADV even though (S (NP-SBJ (NP the number) (PP of (NP advisers))) (VP has (VP tripled (PP-DIR to (NP (QP about 15,000))) (PP-TMP over (NP the past decade))))))) .)) (TOP (S (ADVP-TMP Currently) , (NP-SBJ a registered investment adviser) (VP can (VP expect (NP an SEC audit) (ADVP-TMP only once) (NP-TMP every 12 years))) .)) (TOP (S (NP-SBJ (NP A lot) (PP of (NP bad things))) (VP can (VP happen (PP-TMP in (NP 12 years)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP does n't (VP take (NP-2 a rocket scientist) (S-CLR (NP-SBJ *-2) (VP to (VP figure (ADVP-CLR out) (NP our problem))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Kathryn McGrath) , (NP (NP director) (PP of (NP (NP (NP the SEC 's) division) (PP of (NP investment management)))))) .)) (TOP (S So (NP-SBJ the SEC) (VP has (VP proposed (PP-CLR to (NP Congress)) (SBAR that (S (NP-SBJ-2 (NP much) (PP of (NP (NP the job) (PP of (NP oversight))))) (VP be (VP turned (NP *-2) (PRT over) (PP-CLR to (NP (NP an industry-funded , self-regulatory organization) (VP patterned (NP *) (PP-CLR on (NP (NP (NP the National Association) (PP of (NP Securities Dealers))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP operates (PP-LOC in (NP the brokerage business)))))))))))))))) .)) (TOP (S (NP-SBJ Such an organization) (VP could , (PP-LOC among (NP other things)) , (VP (VP set (NP (NP minimum standards) (PP for (NP competence , ethics and finances)))) and (VP punish (NP (NP those investment advisers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP broke (NP the rules)))))))) .)) (TOP (S (NP-SBJ The proposal) (VP has (VP set (PRT off) (NP (NP a lively debate) (PP-LOC within (NP (NP an industry) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD far (PP from (ADJP united))) (X (ADVP-TMP to begin with)))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Schwartz) , (NP (NP the puckish planner) (PP from (NP-LOC (NP Englewood) , (NP Colo.)))) ,) (VP says (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP allowing (S (NP-SBJ the business) (VP to (VP police (NP itself)))))) (VP would (VP be `` (PP-PRD like (S-NOM (NP-SBJ *) (VP putting (NP Dracula) (PP-CLR in (NP (NP charge) (PP of (NP the blood bank)))))))))))) . '')) (TOP (S (NP-SBJ (NP Mr. Gargan) , (NP (NP the Tampa planner) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP heads (NP one trade group))))) ,) (VP favors (S (NP-SBJ *) (ADVP simply) (VP (VP assessing (NP the industry)) and (VP giving (NP the money) (PP-DTV to (NP-2 the SEC)) (S-PRP (NP-SBJ *-2) (VP to (VP hire (NP more staff)))))))) .)) (TOP (S -LRB- (NP-SBJ-1 (NP Mr. Gargan 's) views) (VP are not (VP greeted (NP *-1) (PP with (NP wild enthusiasm)) (PP-LOC (ADVP over) at (NP (NP the IAFP) , (NP the major industry organization))))) .)) (TOP (S (SBAR-TMP (WHADVP-4 When) (S (NP-SBJ the IAFP) (ADVP-TMP recently) (VP assembled (NP other industry groups) (S-PRP (NP-SBJ *) (VP to (VP discuss (NP (NP common standards) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP might (VP be (VP applied (NP *-1) (PP-CLR to (NP planners))))))))))) (ADVP-TMP *T*-4)))) , (NP-SBJ-2 (NP Mr. Gargan 's) group) (VP was (VP excluded (NP *-2))) .)) (TOP (S (NP-SBJ That) (VP may (VP be (SBAR-PRP-PRD because (S (NP-SBJ-1 Mr. Gargan) , (S-ADV (NP-SBJ *-1) (VP smarting (PP-CLR at (SBAR-NOM (WHNP-2 what) (S (NP-SBJ he) (VP considered (S (NP-SBJ *T*-2) (NP-PRD (NP slurs) (PP on (NP his membership standards)) (VP made (NP *) (PP by (NP-LGS the rival group))))))))))) , (VP enrolled (NP (NP his dog) , (NP Beauregard)) , (PP-CLR as (NP (NP a member) (PP of (NP the IAFP))))))))) .)) (TOP (S Then (NP-SBJ he) (VP sent (NP (NP (NP the pooch 's) picture) (PP with (NP (NP the certificate) (PP of (NP membership))))) (PRN -- (S (NP-SBJ-1 it) (VP was (VP made (NP *-1) (PRT out) (PP-CLR to `` (NP-TTL Boris ` Bo ' Regaard) '')))) --) (PP-DTV to (NP (NP every newspaper) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP could (VP think (PP-CLR of (NP *T*-2))))))))) . -RRB-)) (TOP (S (NP-SBJ The states) (VP have (NP (NP their own ideas) (PP about (NP regulation and certification)))) .)) (TOP (S (NP-SBJ (NP NASAA) , (NP (NP the organization) (PP of (NP state securities regulators))) ,) (VP is (VP pushing (PP-CLR for (NP (NP a model regulatory statute) (VP (ADVP-TMP already) adopted (NP *) (PP-LOC in (NP eight states))))))) .)) (TOP (S (NP-SBJ It) (VP requires (S (NP-SBJ financial planners) (VP to (VP (VP register (PP-CLR with (NP states))) , (VP pass (NP competency tests)) and (VP reveal (PP-CLR to (NP customers)) (NP (NP any conflicts) (PP of (NP interest)))))))) .)) (TOP (S (NP-SBJ The (ADJP most common) conflict) (VP involves (NP compensation)) .)) (TOP (S (NP-SBJ NASAA) (VP estimates (SBAR that (S (NP-SBJ (NP (QP nearly 90) %) (PP of (NP planners))) (VP receive (NP (NP some or all) (PP of (NP their income))) (PP-DIR from (NP (NP sales commissions) (PP on (NP (NP (NP securities) , (NP insurance) and (NP other financial products)) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP recommend (NP *T*-1)))))))))))) .)) (TOP (NP (NP The issue) : (SQ Is (NP-SBJ the planner) (VP putting (NP his clients) (PP-PUT into (NP (NP the best investments) , or (NP (NP the ones) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP garner (NP the biggest commissions)))))))) ?))) (TOP (S (PP-TMP In (NP 1986)) (NP-SBJ (NP the New York attorney general 's) office) (VP got (NP (NP an order) (VP *ICH*-1)) (PP-DIR from (NP (NP a state court) (PP-LOC in (NP Albany)))) (VP-1 shutting (PRT down) (NP (NP First Meridian Corp.) , (NP (NP an Albany financial-planning firm) (SBAR (WHNP-4 that) (S (NP-SBJ *T*-4) (VP had (VP invested (NP (QP $ 55 million) *U*) (PP on (NP (NP behalf) (PP of (NP (QP nearly 1,000) investors)))))))))))) .)) (TOP (S (S (PP-LOC In (NP (NP its notice) (PP of (NP action)))) , (NP-SBJ the attorney general) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP had (VP promised (S (NP-SBJ *-1) (VP to (VP put (NP clients) (PP-PUT into (NP `` balanced '' investment portfolios))))))))))) ; (S-2 (ADVP instead) (PRN , (S (NP-SBJ the attorney general) (VP alleged (SBAR 0 (S *T*-2)))) ,) (NP-SBJ the company) (VP (ADVP-MNR consistently) shoved (NP unwary customers) (PP-DIR into (NP (NP high-risk investments) (PP in (NP (NP paintings) , (NP coins) and (NP Florida condos))))))) .)) (TOP (S (S-TPC-4 (NP-SBJ Those investments) (VP paid (NP (NP big commissions) (NP *ICH*-3)) (PP-DTV to (NP First Meridian)) , (NP-3 (NP payments) (SBAR (WHNP-1 0) (S (NP-SBJ-2 investors) (VP were (ADVP-TMP never) (VP told (NP *-2) (PP-CLR about (NP *T*-1))))))))) , (NP-SBJ the attorney general) (VP alleged (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ-1 Investors) (VP were (ADVP further) (VP assured (NP *-1) (SBAR that (S (NP-SBJ-2 (NP only those) (PP with (NP a minimun net worth))) (VP would (VP be (VP accepted (NP *-2)))))))) .)) (TOP (S-1 (PP-LOC In (NP practice)) (PRN , (S (NP-SBJ the attorney general) (VP alleged (SBAR 0 (S *T*-1)) (PP-LOC in (NP an affidavit)))) ,) (SBAR-ADV if (S (NP-SBJ an investor) (VP had (NP (NP access) (PP to (NP cash)))))) `` (NP-SBJ (NP the chances) (PP of (S-NOM (NP-SBJ-2 *) (VP being (VP turned (NP *-2) (ADVP-CLR down) (PP by (NP-LGS First Meridian))))))) (VP were (ADJP-PRD (ADJP about as probable) (PP as (S-NOM (NP-SBJ-3 *) (VP being (VP rejected (NP *-3) (PP by (NP-LGS the Book-of-the-Month Club)))))))) . '')) (TOP (S-1 And (PRN , (S (NP-SBJ the attorney general) (VP added (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP (NP First Meridian 's) president) , (NP Roger V. Sala) ,) (VP portrayed (NP himself) (PP-CLR as (NP a `` financial expert '')) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ his qualifications) (VP (ADVP largely) consisted (PP-CLR of (NP (NP a high-school diploma) , (NP (NP work) (PP as (NP a real-estate and insurance salesman))) , and (NP (NP a stint) (PP as (NP (NP supervisor) (PP-LOC at (NP a highway toll booth))))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (NP-SBJ (NP First Meridian) and (NP its officials)) (VP are (ADVP-TMP currently) (PP-LOC-PRD under (NP (NP investigation) (PP for (NP possible criminal wrongdoing)))) , (PP according (PP to (NP (NP a spokeswoman) (PP for (NP the attorney general)))))) .)) (TOP (S (NP-SBJ (NP Harry Manion) , (NP (NP Mr. Sala 's) attorney) ,) (VP (VP says (SBAR 0 (S (NP-SBJ his client) (VP denies (NP any wrongdoing))))) and (VP adds (SBAR that (S (NP-SBJ (NP (NP the attorney general 's) contentions) (PP about (NP (NP First Meridian 's) business practices))) (VP are (ADJP-PRD incorrect)))))) .)) (TOP (SINV (PP As (PP for (NP (NP Mr. Sala 's) qualifications))) , `` (S-TPC-1 (NP-SBJ (NP the snooty attorneys) (PP for (NP (NP the state) (PP of (NP New York))))) (VP decided (SBAR 0 (S (NP-SBJ Mr. Sala) (VP was n't (ADJP-PRD qualified)))) (SBAR-PRP because (S (NP-SBJ he) (VP did n't (VP have (NP a Harvard degree))))))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Manion) .)) (TOP (S (NP-SBJ (NP Civil suits) (PP against (NP planners)) (PP by (NP (NP clients) (VP seeking (NP (NP recovery) (PP of (NP funds))))))) (VP are (ADJP-PRD increasingly common)) .)) (TOP (S (S (NP-SBJ (NP Two such actions) , (NP (NP both) (VP filed (NP *) (NP-TMP earlier this year) (PP-LOC in (NP (NP Georgia state court) (PP-LOC in (NP Atlanta)))))) ,) (VP could (VP be (ADJP-PRD particularly embarrassing (PP to (NP the industry)))))) : (S (NP-SBJ both) (VP name (NP (NP J. Chandler Peterson) , (NP (NP an Atlanta financial planner) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP a (NX (NX founder) and (NX past chairman))) (PP of (NP the IAFP)))))))) , (PP-CLR as (NP defendant)))) .)) (TOP (S (NP-SBJ (NP One suit) , (VP filed (NP *) (PP by (NP-LGS (QP more than three dozen) investors))) ,) (VP charges (SBAR that (S (NP-SBJ-2 Mr. Peterson) (VP misused (NP (NP much) (PP of (NP (NP the (QP $ 9.7 million) *U*) (VP put (NP *) (PP-PUT into (NP (NP a limited partnership) (SBAR (WHNP-1 that) (S (NP-SBJ he) (VP operated and promoted (NP *T*-1) ,))))))))) (S-ADV (NP-SBJ-3 *-2) (VP spending (NP (NP some) (PP of (NP it))) (S-PRP (NP-SBJ *-3) (VP (VP to (VP pay (NP his own legal bills))) and (VP to (VP invest (PP-CLR in (NP (NP other companies) (SBAR (WHPP-4 in (WHNP which)) (S (NP-SBJ he) (VP had (NP (NP an interest) (PP *T*-4))))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Those companies) , (PP in (NP turn)) , (VP paid (NP Mr. Peterson) (NP commissions and fees))) , (NP-SBJ the suit) (VP alleges (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-3 The other suit) (VP was (VP filed (NP *-3) (PP by (NP-LGS two men)) (PP-LOC in (NP (NP a dispute) (PP over (NP (NP (ADJP $ 100,000 *U*) investments) (SBAR (WHNP-1 0) (S (NP-SBJ each) (VP says (SBAR 0 (S (NP-SBJ he) (VP made (NP *T*-1) (PP with (NP Mr. Peterson)) (PP as (NP (NP part) (PP of (NP an effort (S (NP-SBJ *) (VP to (VP purchase (NP (NP (NP the Bank) (PP of (NP Scottsdale))) (PP-LOC in (NP (NP Scottsdale) , (NP Ariz))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP One plaintiff) , (NP a doctor) ,) (VP testified (PP-LOC in (NP an affidavit)) (SBAR that (S (NP-SBJ he) (ADVP also) (VP gave (NP Mr. Peterson) (NP (NP $ 50,000 *U*) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP join (NP (NP a sort) (PP of (NP investment club)) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP essentially) (VP gave (NP-3 the physician) `` (NP (NP the privilege) (PP of (S-NOM (NP-SBJ *-3) (VP making (NP additional investments) '' (PP with (NP Mr. Peterson)))))))))) (ADVP *T*-2)))))))))) .)) (TOP (S (PP-LOC In (NP affidavits)) , (NP-SBJ each plaintiff) (VP claims (SBAR 0 (S (NP-SBJ Mr. Peterson) (VP promised (SBAR 0 (S (S (NP-SBJ-1 the bank purchase) (VP would (VP be (VP-2 completed (NP *-1) (PP-TMP by (NP (NP the end) (PP of (NP 1988)))))))) or (S (NP-SBJ=1 the money) (VP=2 returned)))))))) .)) (TOP (S (NP-SBJ Mr. Peterson) (VP took (NP (NP (NP the plaintiffs ') and (NP other investors ')) money) (PP-DIR to (NP (NP a meeting) (PP of (NP (NP the bank 's) directors))))) .)) (TOP (SINV (S-TPC-2 (S-ADV (NP-SBJ *T*-1) (VP Wearing (NP a (NX (NX business suit) and (NX western-style hat and boots))))) , (NP-SBJ-1 he) (VP (VP opened (ADVP-CLR up) (NP his briefcase)) and (VP dumped (NP (NP (QP $ 1 million) *U*) (PP in (NP cash))) (PP-DIR on (NP (NP a table) (PP-LOC in (NP (NP front) (PP of (NP the directors))))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Myron Diebel) , (NP (NP the bank 's) president)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP wanted (S (NP-SBJ *) (VP to (VP show (NP (NP the color) (PP of (NP his money))))))))))) , '' (VP recalls (S *T*-1)) (NP-SBJ Mr. Diebel) .)) (TOP (S (S (NP-SBJ Bank officials) , (ADVP however) , (VP showed (NP him) (NP the door))) , and (S (NP-SBJ the sale) (ADVP-TMP never) (VP came (ADVP-CLR off))) .)) (TOP (S (PP According (PP to (NP the suit))) , (NP-SBJ-1 Mr. Peterson) (VP has (ADVP-TMP yet) (S (NP-SBJ *-1) (VP to (VP return (NP (NP the plaintiffs ') investment))))) .)) (TOP (S (NP-SBJ They) (VP want (S (NP-SBJ it) (ADVP-PRD back))) .)) (TOP (S (NP-SBJ-1 Mr. Peterson) (VP declines (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP (NP specific allegations) (PP-LOC in (NP the two suits))))))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ-2 he) (VP prefers (S (NP-SBJ *-2) (VP to (VP save (NP such responses) (PP-PRP for (NP court))))))))))) .)) (TOP (S But (NP-SBJ he) (VP does (VP say (SBAR that (S (NP-SBJ (NP all) (PP of (NP his activities))) (VP have (VP been `` (ADJP-PRD entirely proper))))))) . '')) (TOP (S (PP On (NP (NP the suit) (PP by (NP the limited partners)))) , (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ he) (VP is (VP considering (NP (NP a defamation suit) (PP against (NP the plaintiffs)))))))) .)) (TOP (S-1 (NP-SBJ The suit) (PRN , (S (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1)))) ,) `` (VP is (ADVP almost) (PP-PRD in (NP (NP the nature) (PP of (NP (NP a vendetta) (PP by (NP (NP a handful) (PP of (NP disgruntled people))))))))) . '')) (TOP (S (PP Rearding (NP (NP the suit) (PP over (NP the bank bid)))) , (NP-SBJ Mr. Peterson) (VP says (SBAR 0 (S (NP-SBJ-1 it) (VP is (VP filled (NP *-1) (PP-CLR with `` (NP (NP inflammatory language) and (NP half truths)))))))) . '')) (TOP (S (NP-SBJ-1 He) (VP declines (S (NP-SBJ *-1) (VP to (VP go (PP-CLR into (NP specifics)))))) .)) (TOP (S (NP-SBJ Mr. Peterson) (VP says (SBAR 0 (S (NP-SBJ (NP the suits) (PP against (NP him))) (VP are (NP-PRD (NP (NP less a measure) (PP of (NP his work))) (SBAR than (S (NP-SBJ they) (VP are (NP-PRD (NP a `` sign) (PP of (NP (NP the times) '' (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ people) (ADVP generally) (VP are (ADJP-PRD more prone (S (NP-SBJ *) (VP to (VP sue)))) (PP-TMP *T*-1))))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP do n't (VP know (NP (NP anybody) (PP-LOC in (NP the industry)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has n't (VP experienced (NP litigation))))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ Mr. Peterson) (ADVP also) (VP says (SBAR 0 (S (NP-SBJ he) (VP does n't (VP consider (S (NP-SBJ himself) (NP-PRD a financial planner)) (ADVP-TMP anymore)))))) .)) (TOP (S (NP-SBJ He) (ADVP-TMP now) (VP calls (S (NP-SBJ himself) (NP-PRD an `` investment banker))) . '')) (TOP (S (PP-LOC In (NP (NP many (NX (NX scams) or (NX alleged scams))) (VP involving (NP planners)))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD plain) (SBAR-1 that (S (NP-SBJ (NP only a modicum) (PP of (NP common sense)) (PP on (NP (NP the part) (PP of (NP the investors))))) (VP would (VP have (VP kept (NP them) (ADVP-CLR out (PP of (NP (NP harm 's) way))))))))) .)) (TOP (SQ (S-ADV (NP-SBJ *-1) (VP Using (NP it))) , would n't (NP-SBJ-1 a proessional) (VP hesitate (S (NP-SBJ *-1) (VP to (VP pay (NP (NP (QP tens of thousands)) (PP of (NP dollars))) (PP-CLR (ADVP just) for (NP a chance (S (NP-SBJ *) (VP to (VP invest (PP-CLR witha planner)))))))))) ?)) (TOP (S (NP-SBJ-1 Other cases) (VP go (S (NP-SBJ *-1) (VP to (VP show (SBAR that (S (S (NP-SBJ an old saw) (ADVP-TMP still) (VP applies)) : (S (SBAR-ADV If (S (NP-SBJ it) (VP sounds (ADJP-PRD too good (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP be (ADJP-PRD true))))))))) , (NP-SBJ it) (ADVP probably) (VP is (ADJP-PRD *?*))))))))) .)) (TOP (S (S (NP-SBJ (NP Certificates) (PP of (NP deposit))) (VP do n't (VP pay (NP (NP 23 %) (NP-ADV a year)) , (PP for (NP example))))) , but (S (NP-SBJ that) (VP did n't (VP give (NP pause) (PP-DTV to (NP (NP clients) (PP of (NP one Alabama planner))))))) .)) (TOP (S (ADVP-TMP Now) (S (NP-SBJ they) (VP 're (NP-PRD losers))) and (S (NP-SBJ he) (VP 's (PP-LOC-PRD in (NP jail)) (PP-LOC in (NP Mobile County)))) .)) (TOP (S (S (NP-SBJ (NP CDs) (VP yielding (NP 40 %))) (VP are (ADJP-PRD (ADVP even more) implausible) -- (SBAR-TMP (ADVP especially) (WHADVP when) (S (NP-SBJ (NP the issuing `` bank '') (PP-LOC in (NP the Marshall Islands))) (VP is (NP-PRD (NP merely a mail drop) (VP watched (NP *) (PRT over) (PP by (NP-LGS a local gas-station operator))))))))) -- but (S (NP-SBJ investors) (VP fell (PP-CLR for (NP that one too)))) .)) (TOP (FRAG And (NP (NP the Colorado planner) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP promised (S (NP-SBJ *-2) (VP to (VP make (S (NP-SBJ (NP some) (PP of (NP his clients))) (NP-PRD millionaires)) (PP on (NP (NP investments) (PP of (NP (QP as litle as $ 100) *U*))))))))))) ?)) (TOP (S (NP-SBJ *) (ADVP-TMP Never) (VP mind) .)) (TOP (S (NP-SBJ You) (ADVP-TMP already) (VP know (NP the answer)) .)) (TOP (S (NP-SBJ Mr. Emshwiller) (VP is (NP-PRD (NP a staff reporter) (PP-LOC in (NP (NP The Wall Street Journal 's) Los Angeles bureau)))) .)) (TOP (S (PP-LOC At (NP the ritzy Fashion Island Shopping Center)) , (NP-SBJ-1 (NP the (ADJP tanned and elegant) ladies) (PP of (NP this wealthy Southern California beach community))) (VP disembark (PP-DIR from (NP their Mercedes-Benzes and BMWs)) (PP-PRP for (NP (NP another day) (PP of (S-NOM (NP-SBJ *-1) (VP exercising (NP their credit cards))))))) .)) (TOP (S (NP-SBJ They) (VP root (PP-LOC-CLR among (NP (NP the designer offerings) (PP-LOC at (NP (NP Neiman-Marcus) and (NP Bullocks Wilshire)))))) .)) (TOP (S (NP-SBJ They) (VP stroll (PP-DIR through (NP (NP the marble-encased corridors) (PP of (NP the Atrium Court))))) .)) (TOP (S (NP-SBJ They) (VP graze (PP-LOC at (NP (NP the Farmers Market) , (NP a combination gourmet food court and grocery store))) , (SBAR-TMP while (S (NP-SBJ a pianist) (VP accompanies (NP the noon fashion show) (PP with (NP (NP a selection) (PP of (NP dreamy melodies)))))))) .)) (TOP (FRAG `` (NP (NP The beautiful look) (PP of (NP wool)) (PRN , '' (SINV (VP croons) (NP-SBJ (NP the show 's) narrator)) ,) `` (ADJP slightly Victorian (PP in (NP its influence)))) ... . '')) (TOP (S (ADVP-TMP Meanwhile) , (PP-LOC in (NP (NP the squat office buildings) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP ring (NP Fashion Island)))))) , (NP-SBJ the odds (SBAR *ICH*-3)) (VP are (ADJP-PRD good) (SBAR-3 that (S (NP-SBJ-2 someone) (VP is (VP getting (VP fleeced (NP *-2))))))) .)) (TOP (S (NP-SBJ Law-enforcement authorities) (VP say (SBAR that (S (PP-TMP at (NP any given time)) , (NP-SBJ (NP a host) (PP of (NP fraudulent telemarketing operations))) (VP mingle (PP-CLR with (NP (NP the many legitimate businesses) (ADVP-LOC here))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-3 They) (VP seem (S (NP-SBJ *-3) (VP to (VP like (NP these industrial parks)))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Kacy McClelland) , (NP (NP a postal inspector) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP specializes (PP-CLR in (NP mail fraud))))))) .)) (TOP (S `` (NP-SBJ We) (VP call (S (NP-SBJ them) (NP-PRD fraud farms))) . '')) (TOP (INTJ Welcome (PP to (NP (NP that welter) (PP of (NP contradictions)) (VP known (NP *) (PP-CLR as (NP Newport Beach))))) .)) (TOP (S (NP-SBJ-1 (NP This city) (PP of (NP (QP more than 70,000)))) (VP is (VP known (NP *-1) (PP-PRP for (NP (NP sunshine) , (NP yachts) and (NP rich residents))))) .)) (TOP (S (NP-SBJ-1 It) (VP is (ADVP also) (VP known (NP *-1) (PP-CLR as (NP (NP the fraud capital) (PP of (NP the U.S.)))) , (S-ADV (NP-SBJ-2 *-1) (VP dubbed (NP *-2) (PP-LGS by (NP (NP investigators) and (NP the media))) (PP-CLR as (NP the `` Cote de Fraud '')))))) .)) (TOP (SBARQ (WHADVP-1 How) (SQ does (NP-SBJ (NP a community) (ADJP famous (PP for (NP its high living)))) (VP end (PRT up) (PP-CLR as (NP (NP a haven) (PP for (NP low-lifes)))) (ADVP-MNR *T*-1))) ?)) (TOP (S (ADVP Clearly) , (NP-SBJ (NP the existence) (PP of (NP the former))) (VP lures (NP the latter)) .)) (TOP (S (NP-SBJ (NP The places) (VP renowned (NP *) (PP-PRP for (S-NOM (NP-SBJ *) (VP breeding (NP bunco))))) , (PP like (NP (NP (NP the Miami neighborhood) (VP known (NP *) (PP-CLR as (NP the `` Maggot Mile '')))) and (NP (NP (NP Las Vegas 's) flashy strip) (PP of (NP casinos))))) ,) (ADVP invariably) (VP offer (NP (NP fast cars) , (NP high rollers) , (NP glamorous women) and (NP (NP lots) (PP of (NP sunshine))))) .)) (TOP (S (NP-SBJ You) (VP do n't (VP hear (NP (NP much) (PP about (NP (NP unusual concentrations) (PP of (NP fraud)) (PP-LOC in (NP (NP Green Bay) or (NP Buffalo)))))))) .)) (TOP (S (NP-SBJ Con men) (VP hate (NP snow)) .)) (TOP (S (NP-SBJ Newport Beach) (VP fits (NP (NP the scam artists ') specifications) (ADVP-MNR perfectly)) .)) (TOP (SBARQ (WHNP-1 What more) (SQ could (NP-SBJ (NP a con man) (PP in (NP (NP search) (PP of (NP the easy life))))) (VP ask (PP-CLR for (NP *T*-1)))) ?)) (TOP (S (NP-SBJ Nothing) (VP seems (ADJP-PRD hard) (ADVP-LOC here)) .)) (TOP (S (S (NP-SBJ The breezes) (VP are (ADJP-PRD soft))) , (S (NP-SBJ the waves) (VP lap (ADVP-MNR gently))) and (S (NP-SBJ the palm trees) (VP sway (ADVP-MNR lazily))) .)) (TOP (S (NP-SBJ Nightlife) (VP is (ADJP-PRD plentiful)) .)) (TOP (S (ADVP Moreover) , (NP-SBJ-1 ostentation) (VP is (VP appreciated (NP *-1))) .)) (TOP (S (S (NP-SBJ (NP The median price) (PP of (NP homes))) (VP is (NP-PRD $ 547,000 *U*))) ; (S (NP-SBJ (QP more than 9,000) vessels) (VP fill (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP the chamber) (PP of (NP commerce))) (VP calls (S (NP-SBJ *T*-1) (NP-PRD (NP the nation 's) largest pleasure-boat harbor))))))) .)) (TOP (SINV `` (FRAG-TPC-1 (NP Blondes , cocaine and Corvettes)) , '' (VP mutters (FRAG *T*-1)) (NP-SBJ Mr. McClelland) .)) (TOP (S `` (NP-SBJ That) (VP 's (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ they) (VP 're (PP-PRD after (NP *T*-1)))))) . '')) (TOP (S (NP-SBJ (NP The rich image) (PP of (NP Newport Beach))) (ADVP also) (VP helps (VP lend (NP (NP the con artists ') operation) (NP (NP an air) (PP of (NP respectability))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP One reason) (SBAR (WHADVP-1 0) (S (NP-SBJ they) (VP use (NP Newport Beach) (ADVP-PRP *T*-1))))) (VP is (SBAR-PRD that (S (NP-SBJ it) (VP sounds (ADJP-PRD (ADJP swankier) (PP than (NP most addresses)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP David Katz) , (NP (NP a U.S. attorney) (SBAR (WHNP-3 who) , (S (ADVP-TMP until recently) , (NP-SBJ *T*-3) (VP headed (NP a multi-agency Southern California fraud task force)))))) .)) (TOP (S `` (NP-SBJ-1 Newport Beach) (VP is (VP known (NP *-1) (PP-LOC in (NP Rhode Island)) (PP-PRP for (S-NOM (NP-SBJ *-1) (VP having (NP (NP a lot) (PP of (NP rich people)))))))) . '')) (TOP (FRAG (NP No wonder (SBAR 0 (S (NP-SBJ (NP all kinds) (PP of (NP big-time scams)) (PP *ICH*-1)) (VP have (VP flourished (ADVP-LOC here) , (PP-1 (PP from (NP phony tax-sheltered Bible sales)) (PP to (NP crooked car dealers)) (PP to (NP bogus penny-stock traders)))))))) .)) (TOP (S But (PP above (NP all)) , (NP-SBJ this) (VP is (NP-PRD (NP the national headquarters) (PP for (NP (NP boiler-room operators) , (NP (NP those slick-talking snake-oil salesmen) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP (VP use (NP the telephone) (S-CLR (NP-SBJ *-2) (VP to (VP extract (NP money) (PP-CLR from (NP (NP the gullible) and (NP the greedy))))))) and (ADVP then) (VP vanish))))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ-1 (NP (QP only a) fraction) (PP of (NP them))) (VP are (ADVP-TMP ever) (VP prosecuted (NP *-1))))) , (NP-SBJ nobody) (ADVP really) (VP knows (SBAR (WHNP-2 (WHADJP how much) money) (S (NP-SBJ bogus telemarketing operators) (ADVP really) (VP harvest (NP *T*-2))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 've (VP heard (SBAR that (S (NP-SBJ there) (VP is (NP-PRD (NP (QP $ 40 billion) *U*) (VP taken (NP *) (PRT in) (ADVP-LOC nationwide) (PP by (NP-LGS boiler rooms)) (NP-TMP every year))))))))) , '' (NP-SBJ Mr. McClelland) (VP says (S *T*-1)) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ that) (VP 's (ADJP-PRD true)))) , (NP-SBJ-1 Orange County) (VP has (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP (QP at least 10) %) (PP of (NP that))))))) . '')) (TOP (S And (NP-SBJ-3 (NP most) (PP of (NP (NP the truly big scams) (PP-LOC in (NP Orange County))))) (VP seem (S (NP-SBJ *-3) (VP to (VP originate (PP-LOC in (NP (NP Newport Beach) or (NP (NP one) (PP of (NP (NP the other well-heeled communities) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP surround (NP (NP this sliver-like city) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP hooks (PP-CLR around (NP (NP a point) (PP of (NP land)))))))))))))))))))) (PP-LOC on (NP (NP the California coast) (ADVP south (PP of (NP Los Angeles))))) .)) (TOP (S (PP-LOC In (NP fact)) , (NP-SBJ-1 sophisticated big-bucks boiler-room scams) (VP are (VP known (NP *-1) (ADVP generically) (PP-LOC among (NP law-enforcement types)) (PP-CLR as (NP `` (NP Newport Beach) '' operations)))) .)) (TOP (S (NP-SBJ That) (VP contrasts (PP-CLR with (NP (NP the penny-ante sales) (PP of (NP (NP things) (PP such as (NP (NP pen-and-pencil sets) and (NP office supplies))) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP are (VP known (NP *-1) (PP-CLR as (NP `` (NP Hollywood) '' scams))))))))))) .)) (TOP (S (NP-SBJ Newport Beach telemarketers) (VP concentrate (PP-CLR on (NP (NP (NP precious metals) and (NP oil-leasing deals)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP typically) (VP cost (NP (NP thousands) (PP of (NP dollars)) (NP-ADV a shot)))))))) .)) (TOP (S (NP-SBJ The investors) (VP range (PP-DIR (PP from (NP elderly widows)) (PP to (NP affluent professionals)))) .)) (TOP (S (PP-LOC In (NP (NP one ingenious recent example) (PP of (NP a Newport Beach boiler room)))) , (NP-SBJ-2 (NP prospective investors) (PP-LOC in (NP Capital Trust Inc.))) (VP were (ADVP allegedly) (VP told (NP *-2) (SBAR that (S (NP-SBJ-1 (NP their investment) (PP in (NP precious metals))) (VP was (VP insured (NP *-1) (PP-CLR against (NP (NP losses) `` (VP caused (NP *) (PP by (NP-LGS employees))) (ADJP due (PP to (NP dishonesty , destruction or disappearance))))))))) , '' (PP according (PP to (NP (NP an indictment) (VP handed (NP *) (PRT up) (PP by (NP-LGS (NP a federal grand jury) (PP-LOC in (NP Los Angeles)))) (NP-TMP last month))))))) .)) (TOP (S (S-TPC-6 (S-ADV (ADVP Thus) (NP-SBJ-3 *-4) (VP (ADVP-MNR falsely) reassured (NP *-3))) , (NP-SBJ-4 investors) (VP sent (NP (NP (QP $ 11.4 million) *U*) (SBAR *ICH*-1)) (PP-DTV to (NP the Newport Beach company)) , (SBAR-1 (WHNP-5 most (WHPP of (WHNP which))) (S (NP-SBJ-2 *T*-5) (VP was (VP diverted (NP *-2) (PP-DIR to (NP unauthorized uses)))))))) , (NP-SBJ the indictment) (VP charges (SBAR 0 (S *T*-6))) .)) (TOP (S (NP-SBJ (NP Douglas Jones) , (NP (NP an attorney) (VP representing (NP (NP Richard O. Kelly Sr.) , (NP (NP the chairman and president) (PP of (NP Capital Trust)))))) ,) (VP says (SBAR 0 (S (NP-SBJ his client) (VP denies (SBAR that (S (NP-SBJ there) (VP was (NP-PRD any attempt (S (NP-SBJ *) (VP to (VP defraud (NP investors)))))))))))) .)) (TOP (S-2 `` (NP-SBJ There) (VP were (NP-PRD (NP (NP some business deals) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP went (ADJP-PRD bad))))) (PRN , '' (S (NP-SBJ Mr. Jones) (VP says (S *T*-2))) ,) `` but (NP no intent (S (NP-SBJ *) (VP to (VP defraud)))))) . '')) (TOP (S (NP-SBJ Newport Beach operations) (VP differ (PP-CLR from (NP the Hollywood boiler rooms)) (PP (PP in (NP style)) (CONJP as well as) (PP in (NP dollars)))) .)) (TOP (S (ADVP Traditionally) , (NP-SBJ boiler rooms) (VP operate (PP-CLR on (NP the cheap)) , (SBAR-PRP since (S (NP-SBJ few (PRN , (SBAR-ADV if (FRAG (ADJP any))) ,) customers) (ADVP-TMP ever) (VP visit (NP their offices))))) .)) (TOP (S (INTJ Indeed) , (NP-SBJ the name) (VP derives (PP-CLR from (NP (NP the tendency (S *ICH*-1)) (PP-LOC among (NP telemarketing scammers)) (S-1 (NP-SBJ *) (VP to (VP rent (NP (NP cheap basement space) , (PP-LOC near (NP the boiler room))))))))) .)) (TOP (S-1 But (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Mr. Katz) , (NP the U.S. attorney))) ,) `` (NP-SBJ (NP the interesting thing) (PP about (NP Newport Beach operations))) (VP is (SBAR-PRD that (S (NP-SBJ they) (VP give (NP themselves) (NP (NP the indulgence) (PP of (NP (NP beautiful offices) , (PP with (NP plush furnishings))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ we) (VP go (ADVP-DIR there) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP 's (ADJP-PRD quite different (PP from (NP (NP these Hollywood places) (SBAR (WHADVP where) (S (S (NP-SBJ the sandwiches) (VP are (VP spread (PRT out) (PP-LOC-CLR on (NP the table))))) and (S (NP-SBJ the people) (VP are (VP picking (NP their noses)))))))))) . '')) (TOP (S (NP-SBJ-1 The Newport Beach operators) (ADVP also) (VP tend (S (NP-SBJ *-1) (VP to (VP indulge (NP themselves) (ADVP privately))))) .)) (TOP (S (NP-SBJ Investigators) (VP cite (NP (NP the case) (PP of (NP (NP Matthew Valentine) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADVP-TMP currently) (VP serving (NP a six-year sentence) (PP-LOC at (NP Lompoc Federal Prison)) (PP-PRP for (NP (NP his role) (PP-LOC in (NP (NP Intech Investment Corp.) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP promised (NP investors) (NP (NP returns) (PP of (NP (QP as much as 625) %)) (PP on (NP precious metals)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Valentine) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP pleaded (ADJP-PRD guilty (PP to (NP (NP five counts) (PP of (NP fraud))))) (PP-LOC in (NP (NP federal court) (PP-LOC in (NP Los Angeles))))))) ,) (VP (VP drove (NP a leased Mercedes)) and (VP lived (PP-LOC-CLR in (NP (NP an expensive home) (PP-LOC on (NP (NP Lido Isle) , (NP (NP an island) (PP-LOC in (NP (NP Newport 's) harbor)))))))) , (PP according (PP to (NP investigators)))) .)) (TOP (S (PP With (NP (NP the (QP $ 3 million) *U*) (VP received (NP *) (PP-CLR from (NP investors))))) , (NP-SBJ he) (VP (VP took (NP (NP frequent junkets) (PP with (NP friends)) (PP to (NP exotic locales)))) and (VP leased (NP an expensive BMW) (PP-PRP for (NP (NP his girlfriend) , (SBAR (WHNP-1 whom) (S (NP-SBJ he) (VP met (NP *T*-1) (PP-LOC at (NP (NP the shop) (SBAR (WHADVP-2 where) (S (NP-SBJ he) (VP got (NP his custom-tailored suits) (ADVP-LOC *T*-2))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP It) (NP *ICH*-3)) (VP 's (ADJP-PRD amazing) (NP-3 (NP the amount) (PP of (NP money)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP goes (PP-DIR (PP up (NP their nose)) , (PP out (PP to (NP the dog track))) or (PP to (NP (NP the tables) (PP-LOC in (NP Las Vegas))))))))))) , '' (NP-SBJ Mr. Katz) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ (NP All this talk) (PP of (NP (NP boiler rooms) and (NP fraud)))) (VP is (ADJP-PRD unnerving) (PP to (NP (NP the city 's) legitimate business element))) .)) (TOP (S (NP-SBJ (NP Vincent M Ciavarella) , (NP (NP regional manager) (PP of (NP Property Management Systems))) ,) (VP insists (SBAR 0 (S (NP-SBJ he) (VP does n't (VP know (PP-CLR of (NP (NP any bogus telemarketers) (VP operating (PP-LOC in (NP (NP the (QP 1.6 million) square feet) (PP of (NP office space)) (PP-LOC around (NP Fashion Island)) (SBAR (WHNP-1 that) (S (NP-SBJ his company) (VP leases (NP *T*-1) (PP-PRP for (NP (NP Irvine Co.) , (NP (NP the owner and developer) (PP of (NP the project)))))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Ciavarella) (VP (VP has (VP rejected (NP (NP a few prospective tenants) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP provided (NP `` incomplete '' financial information))))))) and (VP acknowledges (SBAR that (S (NP-SBJ illegitimate operators) `` (VP are not (ADJP-PRD easily detectable)))))) .)) (TOP (S '' -LRB- (NP-SBJ Investigators) (VP stress (SBAR that (S (NP-SBJ building owners) (VP are (NP-PRD victims) , (ADVP too) , (SBAR-PRP since (S (NP-SBJ-1 boiler rooms) (ADVP-TMP often) (VP leave (PP without (S-NOM (NP-SBJ *-1) (VP paying (NP rent))))))))))) . -RRB-)) (TOP (S (NP-SBJ (NP Richard Luehrs) , (NP (NP president) (PP of (NP (NP the Newport Harbor Area Chamber) (PP of (NP Commerce))))) ,) (VP calls (S (NP-SBJ boiler rooms) (NP-PRD (NP a `` negative) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP wish (SBAR 0 (S (NP-SBJ-2 we) (VP could (VP get (VP rid (NP *-2) (PP-CLR of (NP *T*-1))))))))))))) . '')) (TOP (S-2 (ADVP Actually) , `` (NP-SBJ we) (VP do n't (VP get (NP (NP much negative publicity) (PP about (NP this))) (PRN , '' (S (NP-SBJ he) (VP insists (SBAR 0 (S *T*-2)))) ,) `` (PP except (PP for (NP (NP the press) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP write (PP-CLR about (NP it)))))))))) . '')) (TOP (S (NP-SBJ Mr. Lancaster) (VP is (NP-PRD (NP deputy chief) (PP of (NP (NP The Wall Street Journal 's) Dallas bureau)))) .)) (TOP (S (NP-SBJ YOU) (VP (VP WENT (PP-DIR to (NP college))) and (VP thought (SBAR 0 (S (NP-SBJ you) (VP got (NP an education)))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ you) (VP discover (SBAR that (S (NP-SBJ you) (ADVP-TMP never) (VP learned (NP (NP the (ADJP most important) lesson) : (SBAR (WHADVP-1 How) (S (NP-SBJ *) (VP to (VP send (NP your kids) (PP-DIR to (NP college)) (ADVP-MNR *T*-1)))))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (ADJP-PRD True)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ you) (VP went (PP-DIR to (NP college)) (ADVP-TMP *T*-1)))) , (NP-SBJ there) (VP was n't (NP-PRD (NP that much) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP learn (NP *T*-2))))))) .)) (TOP (S (NP-SBJ *) (VP (VP Stick (NP some money) (PP-CLR in (NP an interest-bearing account))) and (VP watch (S (NP-SBJ it) (VP grow)))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ investment salesmen) (VP say (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD (NP time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP take (NP some risks) (ADVP-TMP *T*-2)))))) (SBAR-ADV if (S (NP-SBJ you) (VP want (NP (NP the kind) (PP of (NP returns)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP buy (NP-BNF your toddler) (NP (NP a ticket) (PP to (NP Prestige U.))) (PP-TMP in (NP 18 years)))))))))))))) .)) (TOP (S (PP In (NP short)) , (NP-SBJ *) (VP (VP throw (ADVP-CLR away) (NP the passbook)) and (VP go (PP-CLR for (NP the glory)))) .)) (TOP (S (NP-SBJ The reason) (VP is (NP-PRD cost)) .)) (TOP (S (NP-SBJ (NP Nothing) (PP-LOC in (NP (NP the annals) (PP of (NP tuition))))) (VP readied (NP parents) (PP-CLR for (NP the 1980s))) .)) (TOP (S (S (NP-SBJ (NP Tuitions) (PP-LOC at (NP private colleges))) (VP rose (NP-EXT 154 %) (PP-TMP in (NP (NP the 10 years) (VP ended (PP-TMP in (NP (NP June) (PP of (NP this year))))))))) ; (S (NP-SBJ that) (VP 's (NP-PRD (NP twice the (ADJP 77 %) increase) (PP-LOC in (NP (NP consumer prices) (PP for (NP the same period))))))) .)) (TOP (S (NP-SBJ (NP A year) (PP-LOC at (NP Harvard))) (ADVP-TMP now) (VP goes (PP-CLR for (NP $ 19,395 *U*))) .)) (TOP (S (PP-TMP By (NP (NP 2007) , (SBAR (WHADVP-1 when) (S (NP-SBJ (NP this year 's) newborns) (VP hit (NP campus) (ADVP-TMP *T*-1)))) ,)) (NP-SBJ a four-year Ivy League sheepskin) (VP will (VP cost (NP (NP $ 300,000 *U*) , (PP give or take (NP (NP (QP a few) pizzas-with-everything) (PP-TMP at (NP exam time))))))) .)) (TOP (S (NP-SBJ (NP Stanford) , (NP MIT) and (NP other utmosts)) (VP will (VP cost (NP no less))) .)) (TOP (SBARQ So (WHNP-1 what) (SQ 's (NP-SBJ a parent) (VP to (VP do (NP *T*-1)))) ?)) (TOP (S (NP-SBJ Some investment advisers) (VP are (VP suggesting , (PP in (NP effect)) , (NP (NP a bet) (PP (PP on (NP a start-up investment pool)) -- maybe even (PP on (NP margin)))))) .)) (TOP (S (NP-SBJ Others) (VP prefer (NP deep-discount zero-coupon bonds)) .)) (TOP (S (NP-SBJ Still others) (VP say , (SBARQ (WHADVP-1 Why) (SQ (NP-SBJ *) not (VP take (NP a chance) (PP-CLR on (NP a high-octane growth fund)) (ADVP-PRP *T*-1))) ?)))) (TOP (S `` (S-TPC-1 (NP-SBJ-2 You) (VP 're not (VP going (S (NP-SBJ *-2) (VP to (VP make (NP it) (PP-LOC in (NP a (ADJP 5 %) bank account)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP James Riepe) , (NP (NP director) (PP of (NP mutual funds)) (PP-LOC at (NP T. Rowe Price)))) .)) (TOP (S-2 (S-PRP (NP-SBJ *-1) (VP To (VP get (NP the necessary growth)))) (PRN , (SINV (VP adds (SBAR 0 (S *T*-2))) (NP-SBJ (NP Murray Ruffel) , (NP (NP a marketing official) (PP-LOC at (NP the Financial Programs mutual-fund group))))) ,) `` (NP-SBJ-1 you) (VP need (S (NP-SBJ *-1) (VP to (VP go (PP-DIR to (NP the stock market)))))) . '')) (TOP (S (PP In (NP other words)) , (NP-SBJ a little volatility) (ADVP-TMP never) (VP hurt) .)) (TOP (S (NP-SBJ It) (ADVP-TMP never) (VP hurt (NP anyone) (PRN , (INTJ that is) ,) (SBAR-ADV unless (S (NP-SBJ the growth funds) (VP do n't (VP grow (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ you) (VP need (S (NP-SBJ them) (VP to (VP *?*))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S Or (NP-SBJ-1 the zero-coupon bonds) (VP turn (PRT out) (S (NP-SBJ-2 *-1) not (VP to (VP have (VP been (VP discounted (NP *-2) (ADVP-MNR deeply enough (S (NP-SBJ *) (VP to (VP pay (NP (NP your kid 's) tuition))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD the dilemma) (PP for (NP (NP today 's) parent))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ many experts) (VP are (VP advising (NP risk))))) , (NP-SBJ no one) (VP has (NP (NP a good answer) (PP for (NP you))) (SBAR-ADV if (S (NP-SBJ the risk) (VP does n't (VP pay (ADVP-CLR off)))))) .)) (TOP (S (NP-SBJ Help) (VP may (VP be (PP-LOC-PRD on (NP the way)))) .)) (TOP (S (NP-SBJ (NP The antitrust division) (PP of (NP the Justice Department))) (VP is (VP investigating (NP (NP the (ADJP oddly similar) tuition charges and increases) (PP-LOC among (NP the top schools))))) .)) (TOP (S (NP-SBJ (NP Fear) (PP of (NP the price police))) (VP could (VP help (VP cool (NP things) (ADVP-CLR off) (PP-TMP in (NP the 1990s))))) .)) (TOP (S And (ADVP then) (NP-SBJ there) (VP 's (ADVP-TMP always) (NP-PRD State U)) .)) (TOP (S But (NP-SBJ (NP (NP parents ') craving) (PP for (NP (NP a top-rated education) (PP for (NP their children))))) (VP is (VP growing (PP-MNR like (NP (NP their taste) (PP for (NP (NP fancy wheels) and (NP vintage wine))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADVP Belatedly) (ADJP-PRD aware (PP of (NP public concern)))) , (NP-SBJ-1 (NP lawmakers) and (NP financial middlemen)) (VP are (VP working (ADVP-MNR overtime) (S-PRP (NP-SBJ *-1) (VP to (VP create and sell (NP college savings and investment schemes)))))) .)) (TOP (S (NP-SBJ (NP Their message) , (ADJP explicit or implicit) ,) (VP is (SBAR-PRD that (S (NP-SBJ a good college) (VP will (VP cost (NP so much (SBAR *ICH*-2)) (PP-TMP by (SBAR-NOM (WHADVP-1 whenever) (S (NP-SBJ you) (VP want (NP it) (ADVP-TMP *T*-1))))) (SBAR-2 that (S (NP-SBJ the (ADJP tried and true)) (VP wo n't (VP do (ADVP-TMP anymore)))))))))) .)) (TOP (S (NP-SBJ *) (VP Forget (PP-CLR about (NP (NP Treasury bills) or (NP a money-market fund)))) .)) (TOP (S (NP-SBJ (NP The latest wave) (PP of (NP marketing))) (VP is (ADJP-PRD instructive)) .)) (TOP (S (NP-SBJ (NP Several outfits) -- (PP including (NP (NP the Financial Programs) , (NP Franklin) , and (NP T. Rowe Price mutual-fund groups) and (NP the Edward D. Jones brokerage house))) --) (VP are (VP advertising (NP (NP `` college planner '' tables and charts) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP tell (NP you) (SBAR (WHNP-3 how much) (S (NP-SBJ-2 you) (VP need (S (NP-SBJ *-2) (VP to (VP put (NP *T*-3) (ADVP-PUT aside) (ADVP-TMP regularly))))))))))))) .)) (TOP (S (NP-SBJ The calculations) (ADVP generally) (VP rely (PP-CLR on (NP (NP an after-tax rate) (PP of (NP return)) (PP of (NP (NP (NP 8 %) (ADVP annually)) -- (NP (NP a rate) (ADJP historically obtainable (PP by (NP the individual)) (PP in (NP (NP (QP only one) place) , (NP the stock market)))))))))) .)) (TOP (S (S (NP-SBJ (NP Most) (PP of (NP the mailers))) (VP are (ADJP-PRD free))) , but (S (NP-SBJ Denver-based Financial Programs) (VP sells , (PP for (NP $ 15 *U*)) , (NP (NP a version) (VP customized (NP *) (PP-CLR to (NP (NP (NP the age) (PP of (NP the child))) and (NP (NP the college) (PP of (NP choice))))))))) .)) (TOP (S (NP-SBJ The figures) (VP are (ADJP-PRD shocking)) .)) (TOP (S (S-PRP (NP-SBJ *-2) (VP To (VP build (NP (NP a nest egg) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP pay (PP-CLR for (NP Stanford)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ a current first-grader) (VP reaches (NP college age) (ADVP-TMP *T*-3)))))))))))) , (NP-SBJ-2 parents) (VP would (VP need (S (NP-SBJ *-2) (VP to (VP set (ADVP-CLR aside) (NP (NP $ 773.94 *U*) (NP-ADV a month)) -- (PP-TMP for (NP 12 years))))))) .)) (TOP (S (NP-SBJ They) (VP can (VP cut (NP this) (PP-CLR to (NP (NP $ 691.09 *U*) (NP-ADV a month))) (SBAR-ADV if (S (NP-SBJ the investing) (VP keeps (PRT up) (PP-TMP through (NP college))))))) .)) (TOP (S And (NP-SBJ they) (VP can (VP (ADVP further) reduce (NP the monthly amount) (SBAR-ADV if (S (NP-SBJ they) (VP start (VP saving (ADVP-TMP earlier) -- (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ mother and child) (VP come (NP home) (PP-DIR from (NP the hospital)) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Plugging (NP a cheaper college) (PP-CLR into (NP the formulas)))) (ADVP still) (VP does n't (VP generate (NP (NP an installment) (SBAR (WHNP-1 0) (S (NP-SBJ most people) (VP can (VP live (PP-CLR with (NP *T*-1))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Using (NP (NP a recent average private-school cost) (PP of (NP (NP (QP about $ 12,500) *U*) (NP-ADV a year)))))) , (NP-SBJ-1 (NP T. Rowe Price 's) planner) (VP prescribes (NP (NP $ 450 *U*) (ADVP monthly)) (SBAR-ADV if (S (NP-SBJ the plan) (VP begins (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the child) (VP is (NP-PRD six) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ the formula) (VP assumes (NP (NP an (ADJP 8 %) before-tax return) (PP-LOC in (NP a mutual fund)))))) , (NP-SBJ there) (VP would (ADVP also) (VP be (NP-PRD (NP $ 16,500 *U*) (PP-LOC in (NP taxes)) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP pay (NP *T*-1) (PP-TMP over (NP the 12 years))))))))) .)) (TOP (S (NP-SBJ Not everyone) (VP is (ADJP-PRD so pessimistic)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ People) (VP are (ADVP basically) (VP peddling (NP (NP a lot) (PP of (NP fear)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Arthur Hauptman) , (NP (NP a consultant) (PP to (NP (NP (NP the American Council) (PP on (NP Education))) (PP-LOC in (NP Washington)))))) .)) (TOP (S (NP-SBJ He) (VP takes (NP-CLR issue) (PP-CLR with (NP (NP projections) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do n't (NP factor (PRT in) (NP (NP (NP students ') own contribution) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP reduces (NP (NP most parents ') burden) (ADVP-MNR substantially)))))))))))) .)) (TOP (S-1 (ADVP Still) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ it) (VP 's (NP-PRD no bad thing) '' (SBAR-ADV if (S (NP-SBJ all the marketing) (VP prods (NP-2 people) (PP-CLR into (S-NOM (NP-SBJ *-2) (VP putting (ADVP-CLR aside) (NP a little more)))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ (NP The situation) (SBAR (WHNP-2 0) (S (NP-SBJ-1 you) (VP want (S (NP-SBJ *-1) (VP to (VP avoid (NP *T*-2)))))))) (VP is (S-NOM-PRD (NP-SBJ *) (VP having (S (NP-SBJ somebody) (VP (VP not save (NP anything)) and (VP hope (SBAR 0 (S (NP-SBJ-4 they) (VP 'll (VP be (ADJP-PRD able (S (NP-SBJ *-4) (VP to (VP do (NP it) (PP out (PP of (NP current income)))))))))))))))))) , '' (NP-SBJ he) (VP says (S *T*-3)) .)) (TOP (S `` (NP-SBJ That) (VP 's (ADJP-PRD crazy)) . '')) (TOP (NP (NP His advice) : (S (NP-SBJ *) (VP Do n't (VP panic))) .)) (TOP (S-1 (NP-SBJ Parents) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (VP should (VP aim (PP-CLR at (SBAR-NOM (WHNP-2 whatever regular investment sum) (S (NP-SBJ they) (VP can (VP afford (NP *T*-2)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (QP Half) (NP the amount) (SBAR (WHNP-1 that) (S (NP-SBJ the investment tables) (VP suggest (NP *T*-1))))) (VP might (VP be (NP-PRD a good goal)))) , (NP-SBJ he) (VP adds (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-MNR That way) , (NP-SBJ parents) (VP will (VP reduce (NP (NP borrowings) and (NP (NP outlays) (PP from (NP current income)))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP the time) (SBAR *ICH*-3)) (VP comes (SBAR-3 (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP pay (NP tuition) (ADVP-TMP *T*-2))))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ Mr. Hauptman) (VP reckons (SBAR that (S (NP-SBJ the best investment choice) (VP is (NP-PRD mutual funds) (SBAR-PRP because (S (NP-SBJ-1 they) (VP (VP are (VP managed (NP *-1))) and (VP (PP-TMP over (NP time)) have (ADVP nearly) (VP kept (PRT up) (PP-CLR with (NP the broad stock averages))))))))))) .)) (TOP (S (NP-SBJ He) (VP favors (NP either (NP an all-stock fund) or (NP (NP a balanced fund) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP mixes (NP both stocks and bonds))))))) .)) (TOP (S (PP-LOC In (NP their anxiety)) , (ADVP however) , (NP-SBJ (NP parents) and (NP other student benefactors)) (VP are (VP flocking (PP-DIR to (NP new schemes)))) .)) (TOP (S (NP-SBJ They) (VP have (VP laid (PRT out) (NP (QP about $ 1 billion) *U*) (PP-PRP for (NP (NP so-called baccalaureate zero-coupon municipal bonds) -- (VP (ADVP-TMP so far) offered (NP *) (PP by (NP-LGS (NP Connecticut) , (NP Illinois) , (NP Virginia) and (NP eight other states)))))))) .)) (TOP (S And (NP-SBJ they) (VP have (VP bought (NP (NP (QP about $ 500 million) *U*) (PP in (NP (NP prepaid-tuition plans) , (VP offered (NP *) (PP-LOC in (NP Michigan , Florida and Wyoming)))))))) .)) (TOP (S (NP-SBJ The prepaid plans) (VP take (NP (NP payment) (PP *ICH*-2)) (NP-TMP today) -- (PP (ADVP-TMP usually) (PP at (NP current tuitions)) or (PP at (NP a slight discount))) -- (PP-2 for (NP a promise (SBAR that (S (NP-SBJ-1 tuition) (VP will (VP be (VP covered (NP *-1) (NP-TMP tomorrow))))))))) .)) (TOP (S (NP-SBJ-2 (NP The baccalaureate bonds) -- (ADJP tax-free) , (VP (VP offered (NP *) (PP-CLR in (NP small denominations))) and (VP (ADVP-TMP usually) containing (NP a provision (SBAR that (S (NP-SBJ-1 they) (VP wo n't (VP be (VP called (NP *-1) (PP-TMP before (NP maturity)))))))))) --) (VP seem (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD tailor-made (PP for (NP college savers))))))) .)) (TOP (S (PP Like (NP other zeros)) , (NP-SBJ they) (VP pay (NP all their interest) (PP-TMP at (NP maturity)) , (S-ADV (NP-SBJ *) (VP meaning (SBAR that (S (NP-SBJ buyers) (VP can (VP time (NP things) (SBAR-PRP so that (S (NP-SBJ their bonds) (VP pay (ADVP-CLR off) (SBAR-TMP (WHADVP-1 just when) (S (NP-SBJ Junior) (VP graduates (PP-CLR from (NP high school)) (ADVP-TMP *T*-1)))))))))))))) .)) (TOP (S (NP-SBJ Their compounding effect) (VP is (ADVP also) (ADJP-PRD alluring)) .)) (TOP (S (PP-TMP In (NP June)) , (NP-SBJ Virginia) (VP sold (NP (NP bonds) (PP for (NP $ 268.98 *U*)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP pay (NP $ 1,000 *U*) (PP-TMP in (NP 2009)))))))) .)) (TOP (S But (NP-SBJ (NP Richard Anderson) , (NP (NP head) (PP of (NP (NP (NP the Forum) (PP for (NP College Financing Alternatives))) , (PP-LOC at (NP Columbia University)) , (NP (NP a research group) (VP (ADVP-MNR partly) financed (NP *) (PP by (NP-LGS the federal government))))))) ,) (VP says (SBAR 0 (S (NP-SBJ zeros) (VP are (ADJP-PRD particularly ill-suited))))) .)) (TOP (S (NP-SBJ Their price) (VP falls (ADVP-CLR (ADVP further) (PP than (NP (NP that) (PP of (NP other bonds))))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP inflation) and (NP interest rates)) (VP kick (ADVP-CLR up) (ADVP-TMP *T*-1))))) .)) (TOP (S (S (NP-SBJ That) (VP wo n't (VP matter (SBAR-ADV if (S (NP-SBJ-1 they) (VP are (VP held (NP *-1) (PP-TMP to (NP maturity))))))))) , but (S (SBAR-ADV if , (S (PP-PRP for (NP any reason)) , (NP-SBJ-2 the parents) (VP need (S (NP-SBJ *-2) (VP to (VP sell (NP them) (PP-TMP before (NP then)))))))) , (NP-SBJ there) (VP could (VP be (NP-PRD (NP a severe loss) (PP of (NP principal)))))) .)) (TOP (S (S-TPC-1 (SBAR-ADV (SBAR (SINV Had (NP-SBJ zeros) (VP been (ADJP-PRD available) (PP-TMP in (NP 1972))))) and (SBAR had (S (NP-SBJ-2 parents) (VP bought (NP (NP a face amount) (ADJP equal (PP to (NP (NP four years ') tuition)))) (PP-TMP at (NP the time)) , (S-ADV (NP-SBJ *-2) (VP aiming (PP-CLR for (NP (NP their children 's) 1988 enrollment)))))))) , (NP-SBJ-3 they) (VP would (VP have (VP been (VP left (NP *-3) (PP-CLR with (NP only enough (S (NP-SBJ *) (VP to (VP pay (PP-CLR for (NP two years)))))))))))) , (NP-SBJ Mr. Anderson) (VP figures (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Most other bonds) , (ADVP however) , (VP would (ADVP probably) not (VP have (VP fared (ADVP-MNR much better)))) .)) (TOP (S (NP-SBJ The prepaid plans) (VP may (VP be (NP-PRD a good bet) , (PP provided (SBAR 0 (S (NP-SBJ (NP the guarantee) (PP of (NP future tuition))) (VP is (ADJP-PRD secure))))))) .)) (TOP (S (S (NP-SBJ Issuing states) (ADVP generally) (VP limit (NP the guarantees) (PP-CLR to (NP in-state institutions)) , (ADVP however))) , and (S (NP-SBJ buyers) (VP get (NP (NP refunds) (PP without (NP much interest))) (SBAR-ADV if (S (NP-SBJ the children) (VP do n't (VP attend (NP the specified schools))))))) .)) (TOP (S (NP-SBJ Two private groups) (VP are (VP seeking (NP (NP Securities and Exchange Commission approval) (PP for (NP (NP plans) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP be (ADVP-PRD (ADVP more broadly) transferable)))))))))) .)) (TOP (S (NP-SBJ Mr. Anderson) (VP wants (S (NP-SBJ the prestige colleges) (VP to (VP sponsor (NP such a plan))))) .)) (TOP (S (NP-SBJ (NP The issue) (ADVP-LOC here)) (VP may (VP be (NP-PRD (NP the soundness) (PP of (NP the guarantee))))) .)) (TOP (S (NP-SBJ-1 (NP Prepayments) , (PP (ADVP much) like (NP mutual-fund purchases)) ,) (VP are (VP pooled (NP *-1) (PP-PRP for (NP investment)))) .)) (TOP (S (NP-SBJ Sponsors) (VP are (ADVP naturally) (VP counting (PP-CLR on (NP their ability (S (NP-SBJ *) (VP to (VP keep (ADJP-PRD ahead (PP of (NP tuition inflation))) (PP with (NP investment returns))))))))) .)) (TOP (S (S But (NP-SBJ buyers) (VP are (ADVP essentially) (VP betting (PP-CLR on (NP (NP a start-up investment fund) (PP with (NP no track record))))))) -- and (S (NP-SBJ-1 some) (VP have (VP been (VP encouraged (S (NP-SBJ-2 *-1) (VP to (VP borrow (S-PRP (NP-SBJ *-2) (VP to (VP do (ADVP-MNR so))))))))))) .)) (TOP (S (NP-SBJ One problem) (VP is (SBAR-PRD that (S (NP-SBJ the Internal Revenue Service) (VP has (VP decided (SBAR that (S (NP-SBJ (NP the investment earnings and gains) (PP of (NP (NP the sponsors ') funds))) (VP are (ADJP-PRD taxable))))))))) .)) (TOP (S (NP-SBJ The colleges) , (PP as (NP educational institutions)) , (VP had (VP hoped (SBAR 0 (S (NP-SBJ that) (VP would n't (VP be (NP-PRD the case))))))) .)) (TOP (S (PP Based (PP on (NP (NP historical rates) (PP of (NP return))))) , (NP-SBJ Mr. Anderson) (VP reckons (SBAR 0 (S (NP-SBJ (NP a (ADJP 100 %) stock portfolio) , (VP indexed (NP *) (PP-CLR to (NP the market))) ,) (VP would (VP have (VP kept (PRT up) (PP-CLR with (NP tuition and taxes)) (PP-TMP in (NP the 20th century)))))))) .)) (TOP (S But (NP-SBJ sponsors) (VP might not (VP pick (NP (NP the stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP match (NP the market)))))))) .)) (TOP (S And (NP-SBJ they) (VP 're (VP leaning (ADVP-MNR more) (PP-DIR toward (NP (NP fixed income) , (SBAR (WHNP-1 (NP whose returns) (PP after (NP tax))) (S (NP-SBJ *T*-1) (VP have (VP trailed (NP tuition increases))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP 'm not (ADJP-PRD sure (SBAR 0 (S (NP-SBJ-2 they) (VP 're (VP going (S (NP-SBJ *-2) (VP to (VP make (S (NP-SBJ it) (VP work)))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Anderson) .)) (TOP (SBARQ (WHNP-1 What) (SQ (NP-SBJ *T*-1) (VP happens (SBAR-ADV if (S (NP-SBJ the sponsors) (VP do n't (VP have (NP (NP the cash) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP pay (NP the tuitions)))))))))))) ?)) (TOP (S (NP-SBJ Florida and Wyoming) (VP have (VP backed (PRT up) (NP their guarantees) (PP with (NP (NP the full faith and credit) (PP of (NP the state governments)))) , (S-ADV (NP-SBJ *) (VP meaning (SBAR that (S (NP-SBJ taxpayers) (VP will (VP pick (PRT up) (NP any slack))))))))) .)) (TOP (FRAG (ADVP Not so) (NP Michigan) .)) (TOP (S (NP-SBJ-1 Its plan) (VP is (VP set (NP *-1) (PRT up) (PP as (NP an independent agency)))) .)) (TOP (S (NP-SBJ The state) (VP says (SBAR 0 (S (S (NP-SBJ there) (VP 's (NP-PRD no worry))) -- (S (NP-SBJ (NP investment returns) , (VP combined (NP *) (PP-CLR with (NP (NP fees) and (NP (NP the gains) (PP from (NP unused plans)))))) ,) (VP will (VP provide (NP (NP all the cash) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP needs (NP *T*-1))))))))))) .)) (TOP (S (NP-SBJ Mr. Putka) (VP covers (NP education) (PP from (NP (NP The Wall Street Journal 's) Boston bureau))) .)) (TOP (SINV (SBAR-ADV If (S (NP-SBJ-1 you) (VP start (S (NP-SBJ *-1) (VP saving (PP-PRP for (NP (NP your child 's) eduction)))) (PP-TMP on (NP Jan. 1 , 1990))))) , (ADVP-LOC-PRD-TPC-2 here) (VP 's (ADVP-LOC-PRD *T*-2)) (NP-SBJ (NP the monthly sum) (SBAR (WHNP-4 0) (S (NP-SBJ-3 you) (VP will (VP need (S (NP-SBJ *-3) (VP to (VP invest (NP *T*-4)))) (S-PRP (NP-SBJ *-3) (VP to (VP pay (PP-CLR for (NP (NP four years) (PP-LOC at (NP (NP Yale) , (NP Notre Dame) and (NP (NP University) (PP of (NP Minnesota))))))))))))))) .)) (TOP (S (NP-SBJ Figures) (VP assume (NP (NP (NP a (ADJP 7 %) annual rise) (PP-LOC in (NP (NP tuition) , (NP fees) , (NP room and board)))) and (NP an (ADJP 8 %) annual investment return))) .)) (TOP (S (NP-SBJ *) (VP Note : (S (NP-SBJ These figures) (VP (VP are (PP-PRD (ADVP only) for (NP mandatory charges))) and (VP do n't (VP include (NP (NP books) , (NP transportation) etc)))))) .)) (TOP (X (X *) (PP For (NP in-state students)))) (TOP (NP (NP Source) : (NP PaineWebber Inc) .)) (TOP (S (PP-LOC AMONG (NP (NP THE CATFISH farmers) (PP-LOC in (NP (NP the watery delta land) (PP of (NP (NP Humphreys County) , (NP Miss.))))))) , (NP-SBJ (NP Allen D. Tharp) (PP of (NP Isola))) (VP was (NP-PRD (NP one) (PP of (NP the (ADJP (ADJP best known) and (ADJP most enterprising)))))) .)) (TOP (S (S (NP-SBJ He) (VP sold (NP (NP quarter-inch fingerlings) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP stock (NP (NP other farmers ') ponds)))))))) , and (S (NP-SBJ he) (VP bought (ADVP-CLR back) (NP (NP one-pound-or-so food-fish) (SBAR (WHNP-1 that) (S (NP-SBJ he) (VP `` live-hauled '' (NP *T*-1) (PP-DIR to (NP market)) (PP along (PP with (NP his own whiskery crop))))))))) .)) (TOP (S And (NP-SBJ he) (ADVP-TMP nearly always) (VP bought and sold (PP-CLR for (NP cash))) .)) (TOP (S (PP-LOC Along (NP the way)) , (NP-SBJ Mr. Tharp) (VP omitted (NP (NP a total) (PP of (NP $ 1.5 million *U*))) (PP-CLR from (NP (NP his receipts) (VP reported (NP *) (PP-LOC on (NP (NP federal tax returns) (PP for (NP three years)))))))) .)) (TOP (S (NP-SBJ The returns) (VP landed (PP-LOC-CLR in (NP (NP the hands) (PP of (NP (NP an Internal Revenue Service criminal investigator) , (NP Samuel James Baker)))))) .)) (TOP (S (NP-SBJ-2 Mr. Baker) (VP (VP interviewed (NP *RNR*-1)) or (VP wrote (PP-CLR to (NP *RNR*-1))) (NP-1 (NP hundreds) (PP of (NP (NP (NP catfish farmers) , (NP live-haulers) and (NP processors)) (PP-LOC throughout (NP the South))))) (PP-TMP before (S-NOM (NP-SBJ *-2) (VP coming (PRT up) (PP-CLR with (NP (NP detailed estimates) (PP of (NP (NP purchases and sales) , (PP in (NP pounds and dollars)) , (PP by (NP (NP Mr. Tharp) and (NP others))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (ADJP-PRD Unknown (PP to (NP Mr. Tharp)))) , (NP-SBJ he) (VP had (VP fouled (NP his net) (PP-CLR on (NP (NP a special IRS project) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP catch (NP (NP (NP catfish farmers) and (NP haulers)) (VP inclined (S (NP-SBJ *) (VP to (VP cheat (PP-CLR on (NP their taxes))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Confronted (NP *-1) (PP-CLR with (NP the evidence)))) , (NP-SBJ-2 Mr. Tharp) (VP (VP pleaded (ADJP-PRD guilty (PP to (NP (NP one charge) (PP of (S-NOM (NP-SBJ *-2) (VP filing (NP a false return)))))))) and (VP was (VP (VP fined (NP *-2) (NP $ 5,000 *U*)) and (VP sentenced (NP *-2) (PP-CLR to (NP (NP 18 months) (PP-LOC in (NP prison)))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP owes (NP (NP a lot) (PP of (NP (NP back taxes) , (NP interest) and (NP civil fraud penalties))))) .)) (TOP (S (NP-SBJ (NP A lot) (PP of (NP taxpayers)) (PP-LOC out (NP there))) (VP are n't (ADJP-PRD (ADJP as paranoid) (SBAR as (S (NP-SBJ one) (VP might (VP think (SBAR 0 (S *?*)))))))) .)) (TOP (S (NP-SBJ (UCP Federal and state) tax enforcers) (VP develop (NP (NP many group targets) (PP for (NP investigation))) , (PP on (NP (NP the basis) (PP of (NP (NP occupation) , (NP high income) , (NP (NP type) (PP of (NP income))) , or (NP (NP some other characteristic) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP may (VP signal (NP an opportunity or tendency (S (NP-SBJ *) (VP to (VP (VP hide (NP income)) or (VP exaggerate (NP deductions)))))))))))))))) .)) (TOP (S (NP-SBJ-3 Many professions) (ADVP-TMP long) (VP have (VP seemed (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP targets) (NP *ICH*-5)) (PP-PRP because of (NP (NP the exotic or ludicrous efforts (S *ICH*-4)) (PP of (NP some members)) (S-4 (NP-SBJ *) (VP to (VP offset (NP high income) (PP with (NP (NP fake losses) (PP from (NP phony tax shelters))))))))) : (NP-5 (NP (NP dentists) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP invested (PP-CLR in (NP (ADJP dubiously dubbed) foreign films)))))) or (NP (NP airline pilots) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP raised (NP racehorses) (PP-TMP on (NP (NP their days) (ADJP off))))))))))))) .)) (TOP (S (NP-SBJ-1 Mail-order ministers) (VP have (VP been (VP squelched (NP *-1)))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ television and radio evangelists) (VP are (PP-LOC-PRD under (NP scrutiny))) .)) (TOP (S (NP-SBJ The IRS) (ADVP-TMP recently) (VP won (NP (NP part) (PP of (NP (NP its long-running battle) (PP with (NP (NP the Church) (PP of (NP Scientology)))) (PP over (NP exemptions))))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the U.S. Supreme Court) (VP held (SBAR that (S (NP-SBJ (NP (NP members ') payments) (PP to (NP the church))) (VP were n't (ADJP-PRD deductible) (SBAR-PRP because (S (NP-SBJ the members) (VP received (NP services) (PP in (NP return)))))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ IRS statistics) (VP show (SBAR that (S (NP-SBJ (NP the (ADJP more persistent) hiders) (PP of (NP income)) (PP-LOC among (NP (NP sole proprietors) (PP of (NP businesses))))) (VP include (NP (NP used-car dealers) , (NP entertainment producers) , (NP masons) , (NP roofers) , and (NP taxi owners)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Small businesses) (PP in (NP general))) (VP account (PP-CLR for (NP (NP (QP almost 40) %) (PP of (NP unreported personal income)))))) , (NP-SBJ the IRS) (VP has (VP said (SBAR 0 (S *T*-1)))) .)) (TOP (S (SBAR-TMP Once (S (NP-SBJ such abuses) (VP become (ADJP-PRD so pervasive)))) , (NP-SBJ the IRS) (VP (VP builds (NP another factor) (PP-CLR into (NP (NP its secret computer formula) (PP for (S-NOM (NP-SBJ *) (VP selecting (NP returns) (PP-PRP for (NP audit)))))))) and (VP does n't (VP need (NP special projects) (PP-PRP for (NP them))))) .)) (TOP (S (NP-SBJ San Franciscans) (VP have (NP (NP a (ADJP much higher) incidence) (PP of (NP audits)) (PP than (NP average))) (SBAR-PRP (SBAR because (S (NP-SBJ (NP more) (PP of (NP them))) (VP score (ADVP-MNR high) (PP-LOC under (NP that formula))))) , not (SBAR because (S (NP-SBJ IRS agents) (VP envy (NP their life styles)))))) .)) (TOP (S (NP-SBJ (NP Many openings) (PP for (NP mass cheating)) , (PP such as (NP questionable (NX (NX tax shelters) and (NX home offices)))) ,) (VP have (VP gaped (ADVP-MNR so broadly (SBAR that (S (NP-SBJ-1 Congress) (VP has (VP passed (NP stringent laws) (S-PRP (NP-SBJ *-1) (VP to (VP close (NP them))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Deductions) (PP of (NP (NP charitable gifts) (PP of (NP (ADJP highly valued) art))))) (ADVP-TMP now) (VP must (VP be (VP accompanied (NP *-1) (PP by (NP-LGS appraisals))))) .)) (TOP (S And (NP-SBJ (NP laws) (VP requiring (NP (NP the reporting) (PP of (NP (NP more varieties) (PP of (NP transactions))))))) (VP have (VP enabled (S (NP-SBJ the IRS) (VP (VP to (VP rely (PP-CLR on (NP-1 computers)) (S-CLR (NP-SBJ *-1) (VP to (VP ferret (PRT out) (NP (NP discrepancies) (PP with (NP returns)))))))) and (VP to (VP generate (NP (NP form-letter inquiries) (PP to (NP taxpayers))))))))) .)) (TOP (S (NP-SBJ-1 Unreported alimony income) (VP can (VP be (VP spotted (NP *-1) (PP by (NP-LGS computer)) (SBAR-PRP because (S (NP-SBJ (NP (NP a payer) (PP of (NP alimony))) (PRN -LRB- (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP gets (NP a deduction)))) -RRB-)) (VP must (VP report (NP (NP the former spouse 's) Social Security number)))))))) .)) (TOP (S (NP-SBJ Passport applicants) (ADVP-TMP now) (VP must (VP give (NP Social Security numbers) , (S-ADV (NP-SBJ *) (VP enabling (S (NP-SBJ the IRS) (VP to (VP see (SBAR whether (S (NP-SBJ (NP Americans) (VP living (ADVP-LOC abroad))) (VP are (VP filing (NP required U.S. returns)))))))))))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ IRS computers) (VP focus (ADVP-TMP routinely) (PP-CLR on (NP (NP target groups) (PP like (NP these))))))) , (NP-SBJ the agency) (VP has (VP assigned (NP many agents) (PP-CLR to (NP (NP special projects) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP need (NP more personal attention)))))))) .)) (TOP (S-1 (PP-LOC In (NP most cases)) (PRN , (S (NP-SBJ the IRS) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ these projects) (VP (VP are (ADJP-PRD local or regional , (PP rather than (ADJP national)))) , and (VP arise (SBAR-PRP because (S (NP-SBJ (NP auditors) (PP-LOC in (NP an area))) (VP detect (NP (NP some pattern) (PP of (NP abuse)) (PP-LOC among , (INTJ say) , (NP (NP (NP factory workers) (VP claiming (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP having (NP (NP a multitude) (PP of (NP dependents))))) (VP frees (NP them) (PP-CLR from (NP tax withholding))))))) or (NP (NP yacht owners) (VP deducting (NP (NP losses) (PP from (NP sideline charter businesses))))))))))))) .)) (TOP (S (NP-SBJ The national office) (ADVP-TMP currently) (VP has (NP 21 noncriminal audit projects) , (PP according (PP to (NP (NP Marshall V. Washburn) , (NP (NP deputy assistant commissioner) (PP for (NP examination))))))) .)) (TOP (S (S (NP-SBJ (NP Auditors) (VP involved (NP *) (PP-CLR in (NP noncriminal projects)))) (VP ca n't (VP send (NP anyone) (PP-DIR to (NP jail))))) , but (S (NP-SBJ-1 they) (VP can (VP make (S (NP-SBJ life) (ADJP-PRD miserable (PP in (NP other ways)))) -- (PRN (PP for (NP one)) ,) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP imposing (NP (NP some) (PP of (NP (NP the 150 different civil penalties) (PP for (NP (NP negligence) , (NP failure (S (NP-SBJ *) (VP to (VP file (NP a return))))) , and (NP the like)))))))))))) .)) (TOP (S (NP-SBJ The targeted audit groups) (VP include (NP (NP (NP direct sellers) -- (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sell (NP (NP cosmetics) , (NP housewares) and (NP other items)) (UCP (ADVP-MNR door to door) or (PP-LOC at (NP home parties)))))))) -- and (NP (NP employers) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP label (NP workers) (PP-CLR as (NP (NP independent contractors) (PP instead of (NP employees)))) , (S-PRP (NP-SBJ *-3) (VP to (VP avoid (NP (NP the employer share) (PP of (NP payroll taxes)))))))))))) .)) (TOP (S (NP-SBJ Other projects) (VP look (PP-CLR for (NP offenders)) (PP-LOC among (NP (NP (NP waiters) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP get (NP cash tips))))) , (NP (NP people) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP engage (PP-CLR in (NP large cash transactions)))))) , and (NP (NP (NP people) (SBAR (WHNP-3 whose returns) (S (NP-SBJ *T*-3) (VP show (SBAR 0 (S (NP-SBJ-4 they) (VP sold (NP a home) (PP-PRP for (NP a profit)) (PP without (S-NOM (NP-SBJ *-4) (VP reinvesting (NP the capital gain) (PP-CLR in (NP another home)) (PP-PRP by (NP (NP the end) (PP of (NP the same year)))))))))))))) ; (S (NP-SBJ-5 the gain) (VP must (VP be (VP rolled (NP *-5) (PRT over) (PP-TMP within (NP two years)) (S-PRP (NP-SBJ *) (VP to (VP defer (NP tax)))))))))))) .)) (TOP (S And (SBAR-ADV now that (S (NP-SBJ returns) (VP must (VP show (NP (NP dependents ') Social Security numbers))))) , (NP-SBJ-4 the IRS) (VP wants (S (NP-SBJ *-4) (VP to (VP see (SBAR-NOM (SBAR (WHNP-2 which dependents) (S (NP-SBJ *T*-2) (VP show (PRT up) (PP-LOC on (NP (QP more than one) return))))) -- and (SBAR (WHNP-3 which dependents) (S (NP-SBJ-5 *T*-3) (VP turn (PRT out) (S (NP-SBJ-1 *-5) (VP to (VP be (ADJP-PRD deceased)))))))))))) .)) (TOP (S (NP-SBJ (NP Impetus) (PP for (NP the direct-seller project))) (VP came (PP-DIR from (NP (NP a congressional hearing) (ADVP-TMP (NP some years) back)))) .)) (TOP (S (S-TPC-2 (NP-SBJ It) (VP prompted (NP (NP an IRS study) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP found (SBAR 0 (S (NP-SBJ many sellers) (VP were (VP (VP concealing (NP income)) and (VP treating (NP (NP large amounts) (PP of (NP (NP nondeductible travel) and (NP other personal expenses)))) (PP-CLR as (NP business costs))))))))))))) , (NP-SBJ Mr. Washburn) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The study) (VP provided (NP (NP criteria) (PP for (S-NOM (NP-SBJ *) (VP singling (PRT out) (NP (NP returns) (PP of (NP (NP `` (ADJP potentially noncompliant) '' taxpayers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP report (NP (NP (NP low income) and (NP large expenses)) (PP from (NP a part-time business)))))))))))))) .)) (TOP (S (NP-SBJ The Tax Court) (ADVP-TMP recently) (VP denied (NP (NP business deductions) (PP by (NP (NP Mr. and Mrs. Peter S. Rubin) (PP of (NP (NP Cherry Hill) , (NP N.J.))) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) both (VP were (NP-PRD (NP part-time distributors) (PP of (NP Amway products))) (PP in (NP (NP addition) (PP to (NP (NP their regular jobs) (PP as (NP (NP sales people) (PP-LOC in (NP other fields))))))))))))))) .)) (TOP (S (PP-TMP For (NP 1984)) , (NP-SBJ they) (VP reported (NP (NP gross income) (PP of (NP $ 1,647 *U*)) (PP from (NP Amway sales)) , (VP offset (NP *) (PP by (NP-LGS (NP expenses) (VP totaling (NP $ 16,746 *U*)) -- (PP including (NP (NP (NP car costs) (PP of (NP $ 6,805 *U*))) and (NP (NP travel and entertainment costs) (PP of (NP $ 5,088 *U*)))))))))) .)) (TOP (S (NP-SBJ The Tax Court) (VP did n't (VP believe (SBAR that (S (NP-SBJ (NP the Rubins) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP earned (NP $ 65,619 *U*) (PP-LOC in (NP their regular jobs)))))) , (VP (VP treated (NP the sideline) (PP-CLR as (NP a real business))) and (VP derived `` (NP (NP (NP (ADJP merely incidental) elements) (PP of (NP recreation))) and (NP other personal pleasure and benefits)) '' (PP-CLR from (NP it)))))))) .)) (TOP (S (NP-SBJ (NP The Direct Selling Association) , (NP a trade group) ,) (VP points (PRT out) (SBAR that (S (NP-SBJ-2 (NP its members) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP include (NP Amway Corp.)))) ,) (VP (VP cooperate (PP-CLR with (NP the IRS)) (S-PRP (NP-SBJ *-2) (VP to (VP distribute (NP tax-compliance material) (PP-DIR to (NP sales people)))))) and (VP are (VP helping (S (NP-SBJ *-2) (VP to (VP prepare (NP (NP a public-service television program) (PP on (NP the subject)))))))))))) .)) (TOP (S (NP-SBJ (NP The independent-contractor project) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP began (PP-TMP in (NP 1988))))) ,) (VP involves (NP (QP about 350) IRS agents)) .)) (TOP (S-1 (PP-TMP In (NP (NP the fiscal nine months) (VP ended (NP-TMP June 30)))) (PRN , (SINV (VP reports (SBAR 0 (S *T*-1))) (NP-SBJ (NP Raymond P. Keenan) , (NP (NP assistant commissioner) (PP for (NP collection))))) ,) (NP-SBJ they) (VP (VP examined (NP (QP about 13,000) employers)) , (VP assessed (NP (NP (QP more than $ 67 million) *U*) (PP-LOC in (NP delinquent employment taxes)))) , and (VP reclassified (NP (QP about 56,000) workers) (PP-CLR as (NP (NP employees) (PP instead of (NP self-employed contractors)))))) .)) (TOP (S (NP-SBJ-2 (NP The number) (PP of (NP misclassified workers))) (VP may (VP be (PP-LOC-PRD in (NP the millions)) , (S-ADV (NP-SBJ-1 *-2) (ADVP mostly) (VP paid (NP *-1) (PP by (NP-LGS small firms)))))) .)) (TOP (S (NP-SBJ-1 (NP Many workers) , especially (NP professionals) ,) (VP want (S (NP-SBJ *-1) (VP to (VP remain (ADJP-PRD independent)))) (S-PRP (NP-SBJ-2 *-1) (VP (VP to (VP avoid (NP tax withholding))) and (VP to (VP continue (S (NP-SBJ *-2) (VP to (VP deduct (NP (NP many expenses) (SBAR (WHNP-3 that) (S (NP-SBJ employees) (VP ca n't (VP *?* (NP *T*-3)))))))))))))) .)) (TOP (S (S-TPC-4 But (NP-SBJ (NP many others) , (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP want (S (NP-SBJ *-3) (VP to (VP qualify (PP-CLR for (NP (NP employee benefits) and (NP unemployment compensation))))))))) ,) (VP become (NP-PRD (NP tipsters) (PP for (NP the IRS))))) , (VP says (SBAR 0 (S *T*-4))) (NP-SBJ (NP Jerry Lackey) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP manages (NP (NP (NP the IRS project 's) force) (PP of (NP nine agents)) (PP-LOC in (NP (ADJP north and central) Florida))) (PP-LOC from (NP Orlando)))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP Firms) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (VP paying (NP employment taxes)))))) (ADVP also) (VP provide (NP (NP leads) (PP to (NP (NP competitors) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP are n't (VP *?*))))))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-3))) .)) (TOP (S-1 (PP-LOC In (NP his area)) (PRN , (S (NP-SBJ Mr. Lackey) (VP continues (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 the miscreant employers) (ADVP most commonly) (VP are (PP-LOC-PRD in (NP construction)) -- (S-ADV (NP-SBJ *-2) (VP doing (NP (NP framing) , (NP drywall) , (NP masonry) and (NP similar work))))) .)) (TOP (S But (NP-SBJ (NP a medical clinic) (PP with (NP (QP about 20) employees))) (VP (ADVP-MNR wrongly) listed (NP (NP all) (PP of (NP them)) -- (PP including (NP physicians and receptionists)) --) (PP-CLR as (NP independent contractors))) .)) (TOP (S (NP-SBJ The IRS) (VP assessed (NP the clinic) (NP (NP $ 350,000 *U*) (PP-LOC in (NP back payroll taxes)))) .)) (TOP (S (NP-SBJ It) (VP assessed (NP (QP nearly $ 500,000) *U*) (PP-CLR against (NP (NP a cruise-ship company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP carried (NP (QP about 100) (NX (NX deckhands) , (NX cooks) , (NX bartenders) , (NX entertainers) and (NX other employees))) (PP-CLR as (NP self-employed independents)))))))) .)) (TOP (S (S (NP-SBJ Revenue-short states) (ADVP also) (VP are (VP becoming (NP (NP (ADJP more aggressive) pursuers) (PP of (NP tax delinquents)))))) , and (ADVP perhaps) (S (NP-SBJ none) (VP tracks (NP them) (PRT down) (PP with (NP (NP more relish) (SBAR than (SINV (VP does) (NP-SBJ New York) (SBAR-TMP since (S (NP-SBJ it) (VP acquired (NP an (ADJP (QP $ 80 million) *U*) computer system) (PP-TMP in (NP 1985))))))))))) .)) (TOP (S (NP-SBJ (NP The state 's) tax enforcers) (VP have (VP amassed (NP data bases) (PP-CLR (PP from (NP (NP other New York agencies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP license or register (NP professionals and businesses)))))) ; (PP from (NP (NP exchange agreements) (PP with (NP (NP the IRS) , (NP 24 other states) , and (NP two Canadian provinces))))) , and (ADVP even) (PP from (NP phonebook Yellow Pages))))) .)) (TOP (S (S-ADV (ADVP Thus) (NP-SBJ-2 *-3) (VP armed (NP *-2) (PP-PRP for (NP (NP massive matching) (PP of (NP documents)) (PP by (NP computer)))))) , (NP-SBJ-3 they) (VP single (PRT out) (NP high-income groups) , (S-ADV (NP-SBJ *-3) (VP looking (ADVP primarily) (PP-CLR for (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have n't (VP filed (NP New York income-tax returns)))))))))) .)) (TOP (S (NP-SBJ The state) (VP has (VP combed (PP-DIR through (NP (NP records) (VP relating (PP-CLR to (NP (NP architects) , (NP stockbrokers) , (NP (NP lawyers) (PP-LOC in (NP the New York City area))) , (NP (NP construction workers) (PP from (PP out (PP of (NP the state))))) , and (NP (NP homeowners) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP claim (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP residents) (PP of (NP (NP other states) -- especially (NP (NP Florida) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP has (NP no personal income tax)))))))))))))))))))))) .)) (TOP (SINV (SINV (ADVP-PRD-TPC-2 Soon (S (NP-SBJ *-3) (VP to (VP feel (NP-PRD (NP the glare) (PP of (NP attention))))))) (VP are (ADVP-PRD *T*-2)) (NP-SBJ-3 (NP (NP lawyers) (ADVP-LOC elsewhere (PP in (NP the state)))) , (NP doctors) , (NP dentists) , and (NP accountants))) , (VP says) (NP-SBJ (NP Frederick G. Hicks) , (NP (NP director) (PP of (NP (NP the tax-department division) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP develops (NP the computer-matching programs)))))))) .)) (TOP (S (NP-SBJ The department) (VP has (VP (VP collected (NP (QP over $ 6.5 million) *U*) (PP-CLR from (NP brokers)) (ADVP-TMP so far)) and (VP recommended (NP (NP (QP more than 30)) (PP of (NP them))) (PP-CLR for (NP criminal prosecution))))) .)) (TOP (S (PP-LOC In (NP (NP the early stage) (PP of (S-NOM (NP-SBJ *) (VP checking (NP (NP people) (PP with (NP (NP incomes) (VP exceeding (NP $ 500,000 *U*)))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP were (VP filing (NP nonresident returns))))))))))) , (NP-SBJ it) (VP squeezed (NP (QP $ 7.5 million) *U*) (PP-CLR out (PP of (NP (NP a man) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP was (VP posing (PP-CLR as (NP a Florida resident)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ we) (VP can (VP reclaim (NP (NP (QP hundreds of millions)) (PP of (NP dollars))) (PP (ADVP just) through (NP the nonresident project)))))))) , '' (NP-SBJ Mr. Hicks) (VP declares (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Schmedel) (VP is (NP-PRD (NP editor) (PP of (NP (NP The Wall Street Journal 's) Tax Report column)))) .)) (TOP (S (PP-LOC In (S-NOM (NP-SBJ *-1) (VP finding `` (NP good news) '' (PP-LOC-CLR in (NP (NP Berkeley 's) new freshman admissions plan))))) (PRN -LRB- (NP `` (NP-TTL The Privileged Class) , '' (NP editorial) , (NP-TMP Sept. 20)) -RRB-) , (NP-SBJ-1 you) (VP 're (VP reading (NP (NP the headline) but not (NP the story)))) .)) (TOP (S (NP-SBJ The plan) (ADVP indeed) (VP raises (PP-DIR from (NP 40 %)) (PP-DIR to (NP 50 %)) (NP (NP the number) (PP of (NP (NP freshmen applicants) (VP admitted (NP *) (PP-MNR (ADVP strictly) by (NP academic criteria))))))) .)) (TOP (S But (NP-SBJ that) (VP does n't (VP mean (SBAR 0 (S `` (NP-SBJ (NP half) (PP of (NP (NP the students) (VP attending (NP Berkeley))))) '' (VP will (VP be (VP admitted (NP-MNR this way)))))))) .)) (TOP (S (NP-SBJ The plan) (VP is (VP talking (PP-CLR about (NP (NP (NP applicants) (VP admitted (NP *))) , not (NP (NP students) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP enroll)))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ (NP the `` yield '') (PP from (NP (NP this top slice) (PP of (NP applicants))))) (VP is (ADJP-PRD relatively low)))) , (S-NOM-SBJ (NP-SBJ *) (VP boosting (NP admits) (PP-DIR from (NP 40 %)) (PP-DIR to (NP 50 %)))) (VP will (VP boost (NP registrants) (PP-DIR from (NP (QP about 31) %)) (PP-DIR to (NP (NP 38 %) (PP of (NP the class)))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP (QP perhaps 5) %) (PP of (NP registrants))) (VP will (VP come (PP-DIR from (NP (NP a new category) (VP consisting (PP-CLR of (NP (NP applicants) (SBAR (WHNP-1 whose academic credentials) (S `` (NP-SBJ-2 *T*-1) (VP (ADVP-MNR narrowly) missed '' (S (NP-SBJ *-2) (VP gaining (NP them) (NP (NP admission) (PP-LOC in (NP the first category))))))))))))))) .)) (TOP (S But (PP against (NP (NP that combined increase) (PP of (NP 12 %)) (PP-LOC in (NP (NP students) (VP chosen (NP *) (PP-MNR by (NP academic criteria))))))) , (NP-SBJ the plan) (VP eliminates (NP (NP a large category) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 admissions) (ADVP-TMP now) (VP are (VP based (NP *-1) (PP-CLR on (NP (NP grades) , (NP test scores) and (NP `` (NP supplemental points) '' (PP for (NP (NP factors) (PP such as (NP (NP high-school curriculum) , (NP English-language proficiency) and (NP an essay)))))))) (PP-LOC *T*-2))))))) .)) (TOP (S (NP-SBJ This category) (ADVP-TMP now) (VP accounts (PP-CLR for (NP (NP (NP (QP about 19) %) (PP of (NP admits))) and (NP (NP 22 %) (PP of (NP registrants)))))) .)) (TOP (S (NP-SBJ The plan) (ADVP thus) (VP will (VP decrease (PP-EXT by (NP 22 %)) , (PP for (NP (NP a net loss) (PP of (NP 10 %)))) , (NP (NP the number) (PP of (NP (NP students) (VP admitted (NP *) (PP-MNR (ADVP primarily) by (NP academic criteria)))))))) .)) (TOP (SBARQ (WHNP-1 Who) (SQ (NP-SBJ *T*-1) (VP will (VP take (PRT over) (NP these places)))) ?)) (TOP (S (NP-SBJ The plan) (VP (VP creates (NP (NP a new category) (PP of (NP (NP students) (PP from (NP `` (NP socioeconomically disadvantaged backgrounds) , '' (NP (NP a concept) (VP not (ADVP-TMP yet) defined (NP *))) ,)))))) and (VP gives (NP them) (NP (NP (QP about 10) %) (PP of (NP the class))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the plan 's) authors))) (VP has (VP defended (NP-1 the `` socioeconomic disadvantage '' category) (PP-CLR as (S-NOM (ADVP perhaps) (NP-SBJ *-1) (VP making (NP (NP more sense) (PP than (NP (NP the current affirmative-action preferences) (VP based (NP *) (PP-CLR on (NP race))))))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ it) (VP does (VP *?*)) .)) (TOP (S But (NP-SBJ the new category) (VP does not (VP replace or reduce (NP (NP Berkeley 's) broad racial preferences))) .)) (TOP (SINV Nor will (NP-SBJ-3 (NP students) (PP from (NP racial-minority groups)) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP are (VP admitted (NP *-1) (PP through (NP the new category))))))) (VP be (VP counted (NP *-3) (PP-CLR against (NP (NP the affirmative-action `` target '') (PP for (NP their group)))))) .)) (TOP (S (NP-SBJ The plan) (ADVP thus) (VP places (NP (NP a large new affirmative-action program) , (VP based (NP *) (PP-CLR on `` (NP socioeconomic disadvantage))) , '') (PP-CLR on (NP (NP top) (PP of (NP (NP the existing program) (VP based (NP *) (PP-CLR on (NP race)))))))) .)) (TOP (S (NP-SBJ (NP The role) (PP of (NP academic criteria)) (PP-LOC in (S-NOM (NP-SBJ *) (VP choosing (NP (NP Berkeley 's) freshmen))))) (VP can (ADVP only) (VP decline (PP-PRP as (NP a result)))) .)) (TOP (NP (NP Stephen R. Barnett) (NP (NP Professor) (PP of (NP Law))) (NP-LOC (NP University) (PP of (NP California))) (NP-LOC (NP Berkeley) , (NP Calif)) .)) (TOP (S (PP FOR (NP (NP THOSE) (SBAR (WHNP-1 WHO) (S (NP-SBJ *T*-1) (VP DELIGHT (PP-CLR in (NP (NP the misfortune) (PP of (NP others))))))))) , (NP-SBJ *) (VP read (PRT on)) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP a story) (PP about (NP suckers)))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP us))) (VP know (NP a sucker)) .)) (TOP (S (NP-SBJ (NP Many) (PP of (NP us))) (VP are (NP-PRD suckers)) .)) (TOP (S But (SBAR-NOM-SBJ (WHNP-2 what) (S (NP-SBJ we) (VP may not (VP know (NP *T*-2))))) (VP is (SBAR-NOM-PRD (WHNP-1 just what) (S (NP-SBJ *T*-1) (VP makes (S (NP-SBJ somebody) (NP-PRD a sucker)))))) .)) (TOP (SBARQ (WHNP-1 What) (SQ (NP-SBJ *T*-1) (VP makes (S (NP-SBJ people) (VP blurt (ADVP-CLR out) (NP their credit-card numbers) (PP-CLR to (NP (NP a caller) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP 've (ADVP-TMP never) (VP heard (PP-CLR of (NP *T*-2)))))))))))) ?)) (TOP (SQ Do (NP-SBJ they) (ADVP really) (VP believe (SBAR that (S (NP-SBJ the number) (VP (VP is (PP-PRP-PRD (ADVP just) for (NP verification))) and (VP is (NP-PRD (NP simply a formality) (PP-LOC on (NP (NP the road) (PP to (S-NOM (NP-SBJ *) (VP being (NP-PRD a grand-prize winner)))))))))))) ?)) (TOP (SBARQ (WHNP-1 What) (SQ (NP-SBJ *T*-1) (VP makes (S (NP-SBJ a person) (VP buy (NP an oil well) (PP-CLR from (NP (NP some stranger) (VP knocking (PP-CLR on (NP the screen door))))))))) ?)) (TOP (FRAG Or (NP (NP an interest) (PP in (NP (NP a retirement community) (PP-LOC in (NP Nevada)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP will (VP knock (NP your socks) (ADVP-CLR off) , (SBAR-TMP once (S (NP-SBJ-1 it) (VP is (VP built (NP *-1)))))))))))) ?)) (TOP (FRAG (SBAR-PRP Because (S (PP-TMP in (NP the end)) , (NP-SBJ-1 these people) (ADVP-TMP always) (VP wind (PRT up) (S (NP-SBJ *-1) (VP asking (NP themselves) (NP (NP the same question) : `` (SBARQ (WHADVP-2 How) (SQ could (NP-SBJ I) (VP be (ADJP-PRD so stupid) (ADVP-MNR *T*-2))) ?) '')))))))) (TOP (S (S (NP-SBJ There) (VP are , (ADVP unfortunately) , (NP-PRD (NP plenty) (PP of (NP (NP answers) (PP to (NP that question))))))) -- and (S (NP-SBJ scam artists) (VP know (NP (NP all) (PP of (NP them))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ These people) (VP are (ADJP-PRD very skilled (PP at (S-NOM (NP-SBJ *) (VP finding (PRT out) (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP makes (S (NP-SBJ a person) (VP tick))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Kent Neal) , (NP (NP chief) (PP of (NP (NP the economic-crime unit) (PP of (NP (NP (NP the Broward County State Attorney 's) Office) (PP-LOC in (NP (NP (NP Fort Lauderdale) , (NP Fla.)) , (NP (NP a major haven) (PP for (NP boiler rooms))))))))))) .)) (TOP (S `` (SBAR-TMP Once (S (NP-SBJ they) (VP size (NP them) (PRT up)))) , (ADVP then) (NP-SBJ they) (VP know (SBAR-NOM (WHNP-1 what buttons) (S (NP-SBJ *) (VP to (VP push (NP *T*-1)))))) . '')) (TOP (S (S (NP-SBJ John Blodgett) (VP agrees)) -- and (S (NP-SBJ-1 he) (VP ought (S (NP-SBJ *-1) (VP to (VP know))))) .)) (TOP (S (NP-SBJ-1 He) (VP used (S (NP-SBJ-2 *-1) (VP to (VP be (NP-PRD a boiler-room salesman) , (S-ADV (NP-SBJ *-2) (VP peddling (NP (NP investments) (PP in (NP (NP oil and gas wells) and (NP rare coins)))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ There) (VP 's (NP-PRD (NP (NP a definite psychology) (PP of (NP the sale))) and (NP (NP different personalities) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP pitch (NP *T*-1) (NP-MNR different ways)))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ The most obvious pitch) , (PP of (NP course)) , (VP is (NP-PRD (NP the lure) (PP of (NP big returns)))) .)) (TOP (S `` (NP-SBJ We) (VP 're all (ADJP-PRD (NP a little) greedy)) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Everyone) (VP is (ADJP-PRD vulnerable))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Charles Harper) , (NP (NP associate regional administrator) (PP for (NP the Securities and Exchange Commission)) (PP-LOC in (NP Miami)))) .)) (TOP (S `` (NP-SBJ These guys) (VP prey (PP-CLR on (NP human frailties))) . '')) (TOP (S (SBAR-ADV While (S (NP-SBJ-2 (NP the promises) (PP of (NP big profits))) (VP ought (S (NP-SBJ *-2) (VP to (VP set (PRT off) (NP warning bells))))))) , (NP-SBJ they) (ADVP-TMP often) (VP do n't (VP *?* , (SBAR-PRP (PP in (NP part)) because (S (NP-SBJ-1 get-rich-quick tales) (VP have (VP become (VP embedded (NP *-1) (PP-CLR in (NP American folklore))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ The overnight success story) (VP is (NP-PRD (NP part) (PP of (NP our culture))))) , and (S (NP-SBJ our society) (VP puts (NP an emphasis) (PP-PUT on (NP it)) (PP with (NP (NP lotteries) and (S-NOM (NP-SBJ Ed McMahon) (VP making (NP millionaires) (ADVP-CLR out (PP of (NP people)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Michael Cunningham) , (NP (NP an associate professor) (PP of (NP psychology)) (PP-LOC at (NP (NP the University) (PP of (NP Kentucky)) (PP-LOC in (NP Louisville)))))) .)) (TOP (S `` (S (NP-SBJ Other people) (VP are (VP making (NP it) (ADVP-TMP overnight)))) , and (S (NP-SBJ-2 (NP the rest) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP toil (ADVP-TMP daily))))) (VP do n't (VP want (S (NP-SBJ *-2) (VP to (VP miss (NP that opportunity) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-3 it) (VP seems (S (NP-SBJ *-3) (VP to (VP come (ADVP-CLR along)))) (ADVP-TMP *T*-4)))))))))) . '')) (TOP (SINV (VP Adds (SBARQ *ICH*-4)) (NP-SBJ (NP Spencer Barasch) , (NP (NP branch chief) (PP for (NP enforcement)) (PP-LOC at (NP (NP the SEC) (PP-LOC in (NP (NP Fort Worth) , (NP Texas))))))) : `` (SBARQ-4 (WHADVP-1 Why) (SQ do (NP-SBJ people) (VP play (NP the lottery) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP the odds) (PP *ICH*-3)) (VP are (ADJP-PRD great) (PP-3 against (NP them)) (ADVP-TMP *T*-2)))) (ADVP-PRP *T*-1))) ?))) (TOP (S (NP-SBJ People) (VP are (VP shooting (PP-CLR for (NP a dream)))) . '')) (TOP (S (S (ADVP Clearly) , (ADVP though) , (NP-SBJ-1 scam artists) (VP have (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD (ADJP (NP a bit) more subtle) (PP than (S-NOM (NP-SBJ *-1) (ADVP simply) (VP promising (NP millions)))))))))) ; (S (NP-SBJ (NP the psychology) (PP of (NP suckers))) (VP is n't (ADVP simply) (NP-PRD (NP the psychology) (PP of (NP the greedy))))) .)) (TOP (S (NP-SBJ There) (VP 's (ADVP also) , (PP for (NP instance)) , (NP-PRD the need (S (NP-SBJ *) (VP to (VP be (NP-PRD (NP part) (PP of (NP the in-crowd)))))))) .)) (TOP (S So (NP-SBJ one popular ploy) (VP is (S-PRD (NP-SBJ *) (VP to (VP make (S (NP-SBJ a prospective investor) (VP feel (PP-CLR like (NP (NP an insider) , (VP joining (NP (NP an exclusive group) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP is (VP about (S (NP-SBJ *-2) (VP to (VP make (NP a killing)))))))))))))))))) .)) (TOP (S (PP-TMP Between (NP 1978 and 1987)) , (PP for (NP instance)) , (NP-SBJ-1 (NP SH Oil) (PP-LOC in (NP (NP Winter Haven) , (NP Fla.) ,))) (VP sold (NP (NP interests) (PP in (NP oil wells))) (PP-CLR to (NP (NP a (ADJP very select) group) (PP of (NP local residents)))) , (SBAR-ADV while (S (NP-SBJ *-1) (VP turning (ADVP-CLR away) (NP-PRD numerous other eager investors))))) .)) (TOP (S (NP-SBJ (NP (NP The owner) (PP of (NP the company))) , (NP Stephen Smith) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (ADVP-TMP since) (VP pleaded (ADJP-PRD guilty (PP to (NP (UCP state and federal) fraud charges)))))))) , (VP (VP confided (PP-CLR to (NP investors)) (SBAR that (S (NP-SBJ he) (VP had (NP (NP a secret agreement) (PP with (NP Amoco Oil Co.))))))) and (VP said (SBAR 0 (S (NP-SBJ (NP the location) (PP of (NP his wells))) (VP was (ADJP-PRD confidential))))) , (PP according (PP to (NP (NP a civil suit) (VP filed (NP *) (PP-LOC in (NP a Florida state court)) (PP by (NP-LGS (NP the Florida comptroller 's) office))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Neither (NP the Amoco agreement) nor (NP the wells)) (VP existed)) , (NP-SBJ the suit) (VP alleged (SBAR 0 (S *T*-1))) .)) (TOP (S-1 (NP-SBJ Such schemes) (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Tony Adamski) , (NP (NP chief) (PP of (NP (NP the financial-crimes unit) (PP of (NP (NP the Federal Bureau) (PP of (NP Investigation)))) (PP-LOC in (NP (NP Washington) , (NP D.C.)))))))) ,) (VP appeal (PP-CLR to (NP (NP investors ') `` desire (S (NP-SBJ *) (VP to (VP believe (SBAR (SBAR 0 (S (NP-SBJ this) (VP is (ADVP really) (ADJP-PRD true)))) and (SBAR that (S (NP-SBJ they) (VP are (NP-PRD (NP part) (PP of (NP (NP a chosen group) (VP being (VP given (NP *) (NP this opportunity)))))))))))))))) . '')) (TOP (SINV (S-TPC-2 (PP-TMP At (NP times)) , (NP-SBJ salesmen) (VP may (VP embellish (NP the inside information) (PP with `` (NP the notion (SBAR that (S (NP-SBJ this) (VP is (NP-PRD (NP some (ADJP slightly shady) , (ADJP slightly illegal) investment) (SBAR (WHNP-3 0) (S (NP-SBJ-1 the person) (VP is (VP being (VP included (NP *-1) (PP-CLR in (NP *T*-3)))))))))))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ Mr. Cunningham) .)) (TOP (S (PP In (S-NOM (NP-SBJ *) (VP appealing (PP-CLR to (NP (NP those) (PP with (NP (NP a bit) (PP of (NP larceny)) (PP-LOC in (NP their hearts))))))))) , (NP-SBJ-2 the fraud artist) (VP can (VP insist (SBAR that (S (NP-SBJ a person) (VP keep (S (NP-SBJ an investment) (ADJP-PRD secret))))) -- (S-ADV (NP-SBJ *-2) (VP (VP insulating (NP-3 himself) (PP-CLR from (S-NOM (NP-SBJ-1 *-3) (VP being (VP discovered (NP *-1)))))) and (VP keeping (NP his victim) (PP-CLR from (S-NOM (NP-SBJ *) (VP consulting (PP-CLR with (NP others)))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP adds (PP-CLR to (NP (NP the mystery) (PP of (NP the venture))))) .)) (TOP (S (NP-SBJ (NP Mr. Blodgett) , (NP the boiler-room veteran) ,) (VP believes (SBAR that (S (PP for (NP many investors)) , (NP-SBJ the get-rich-quick scams) (VP carry (NP (NP a longed-for element) (PP of (NP excitement))))))) .)) (TOP (S `` (S-TPC-1 (SBAR-TMP Once (S (NP-SBJ people) (VP got (PP-DIR into (NP it))))) , (NP-SBJ I) (VP was (VP allowing (S (NP-SBJ them) (VP to (VP live (NP a dream))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (S-TPC-2 (NP-SBJ He) (VP phoned (NP them) (PP with (NP (NP updates) (PP on (NP the investment)) , (PP such as `` (NP (NP funny things) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP happened (PP-LOC at (NP the well)) (NP-TMP that week)))))))))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S `` (NP-SBJ You) (VP gave (NP them) (NP (NP some excitement) (SBAR (WHNP-1 that) (S (NP-SBJ they) (VP did n't (VP have (NP *T*-1) (PP-LOC-CLR in (NP their lives)))))))) . '')) (TOP (S -LRB- (NP-SBJ (NP Mr. Blodgett) , (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP was (VP (VP convicted (NP-3 *-1) (PP-LOC-4 in (NP Florida state court)) (PP-CLR-5 of (S-NOM (NP-SBJ *-3) (VP selling (NP unregistered securities))))) and (VP (PP-LOC=4 in (NP California state court)) (PP-CLR=5 of (NP (NP unlawful use (S *ICH*-6)) (PP of (NP the telephone)) (S-6 (NP-SBJ *) (VP to (VP defraud and deceive))))))))))) , (VP is (ADVP-TMP now) (PP-LOC-PRD on (NP probation))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP (VP has (VP quit (NP the business))) and (VP is (ADVP-CLR back) (PP-LOC-PRD in (NP school)) , (S-ADV (NP-SBJ *-1) (VP majoring (PP-CLR in (NP psychology)) (PP with (NP aspirations (S (NP-SBJ *) (VP to (VP go (PP-DIR into (NP industrial psychology)))))))))))))) . -RRB-)) (TOP (S (PP For (NP some investors)) , (NP-SBJ it) (VP 's (NP-PRD (NP the appearances) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP leave (S (NP-SBJ them) (ADJP-PRD deceived))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The trappings) (PP of (NP success)) (S-NOM *ICH*-1)) (VP go (NP-EXT a long way) -- (S-NOM-1 (NP-SBJ *) (VP (VP wearing (NP the right clothes)) , (VP doing (NP the right things)))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Paul Andreassen) , (NP (NP an associate professor) (PP of (NP psychology)) (PP-LOC at (NP Harvard)))) .)) (TOP (S (NP-SBJ Conservative appearances) (VP make (S (NP-SBJ people) (VP think (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD a conservative investment))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ People) (VP (ADVP-MNR honestly) lose (NP money) (PP on (NP (NP risky investments) (SBAR (WHNP-2 that) (S (NP-SBJ they) (VP did n't (VP realize (SBAR 0 (S (NP-SBJ *T*-2) (VP were (NP-PRD a crapshoot)))))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Paul Wenz) , (NP a (NAC-LOC Phoenix , Ariz. ,) attorney) ,) (VP says (SBAR 0 (S (NP-SBJ (NP a promise) (PP of (NP unrealistic returns))) (VP would (VP have (VP made (S (NP-SBJ him) (ADJP-PRD leery)))))))) .)) (TOP (S But (NP-SBJ (NP Mr. Wenz) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP says (SBAR 0 (S (NP-SBJ he) (VP (VP lost (NP-2 $ 43,000 *U*) (PP-LOC-3 in (NP one precious-metals deal))) and (VP (NP=2 $ 39,000 *U*) (PP-LOC=3 in (NP another))))))))) ,) (VP says (SBAR 0 (S (NP-SBJ-4 a salesman) (VP `` used (NP a business-venture approach) '' (PP with (NP him)) , (S-ADV (NP-SBJ *-4) (VP sending (NP (NP investment literature) , (NP (NP a contract) (VP limiting (NP (NP the firm 's) liability))) , and (NP an insurance policy)))))))) .)) (TOP (S-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ he) (VP visited (NP (NP the company 's) office) (ADVP-TMP *T*-1)))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) ,) (NP-SBJ it) (VP had `` (NP (NP all the trappings) (PP of (NP legitimacy)))) . '')) (TOP (S (S-TPC-2 (NP-SBJ-1 Still others) (VP are (VP stung (NP *-1) (PP by (NP-LGS a desire (S (NP-SBJ *) (VP to (VP do (UCP both (ADVP-MNR well) and (NP good)))))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Douglas Watson) , (NP (NP commanding officer) (PP of (NP (NP the Los Angeles Police Department 's) bunko-forgery division)))) .)) (TOP (S (NP-SBJ Born-again Christians) (VP are (NP-PRD (NP the (ADJP most visible) targets) (PP of (NP unscrupulous do-gooder investment pitches)))) .)) (TOP (S (FRAG But (ADVP hardly) (NP the only ones)) : (S (NP-SBJ-1 The scams) (VP promise -- (PP-LOC among (NP other things)) -- (S (NP-SBJ-2 *-1) (VP to (VP (VP help (S (NP-SBJ *-2) (VP save (NP the environment)))) , (VP feed (NP starving families)) and (VP prevent (NP (NP the disappearance) (PP of (NP children))))))))) .)) (TOP (S (NP-SBJ Psychologists) (VP say (SBAR 0 (S (NP-SBJ (NP isolated people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP do n't (VP discuss (NP their investments) (PP-CLR with (NP others))))))) (VP are (PP-PRD (ADVP particularly) at (NP (NP risk) (PP for (NP fraud)))))))) .)) (TOP (S (NP-SBJ-1 Scam artists) (VP (VP seek (PRT out) (NP such people)) -- or (VP try (S (NP-SBJ *-1) (VP to (VP make (ADJP sure (SBAR that (S (NP-SBJ their victims) (VP isolate (NP themselves)))))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ-3 salesmen) (VP may (VP counter (NP (NP a man 's) objection (SBAR that (S (NP-SBJ-2 he) (VP wants (S (NP-SBJ *-2) (VP to (VP discuss (NP an investment) (PP-CLR with (NP his wife))))))))) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP asking , `` (SBARQ (WHNP-1 Who) (SQ (NP-SBJ *T*-1) (VP wears (NP the pants) (PP-LOC in (NP your family)))) ?) ''))))))) (TOP (S Or (NP-SBJ-1 (NP an investor) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP wants (NP (NP his accountant 's) advice))))) (VP may (VP be (VP told (NP *-1) , `` (S (NP-SBJ You) (VP seem (PP-CLR like (NP (NP a guy) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP can (VP make (PRT up) (NP his own mind)))))))))))) . '')) (TOP (S (ADVP-TMP Often) (NP-SBJ-1 con artists) (VP will (VP try (S (NP-SBJ-2 *-1) (VP to (VP disarm (NP their victims) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP emphasizing (NP (NP similarities) (PP between (NP them))))))))))) .)) (TOP (S (NP-SBJ (NP William Lynes) , (NP (NP a retired engineer) (PP from (NP Lockheed Corp.))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP he) and (NP (NP his wife) , (NP Lily) ,)) (VP warmed (PP-CLR to (NP (NP the investment pitches) (PP of (NP (NP a penny-stock peddler) (PP from (NP (NP Stuart-James Co.) (PP-LOC in (NP Atlanta)))))))) (SBAR-TMP after (S (NP-SBJ the broker) (VP told (NP them) (SBAR 0 (S (NP-SBJ he) , (ADVP too) , (VP had (ADVP-TMP once) (VP worked (PP-CLR with (NP Lockheed))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The Lyneses) , (PP of (NP (NP Powder Springs) , (NP Ga.) ,))) (VP have (VP filed (NP suit) (PP-LOC in (NP Georgia state court)) (PP-CLR against (NP Stuart James)) , (S-ADV (NP-SBJ *-1) (VP alleging (NP fraud))))) .)) (TOP (S (NP-SBJ They) (VP are (VP awaiting (NP an arbitration proceeding))) .)) (TOP (S (NP-SBJ They) (VP say (SBAR 0 (S (NP-SBJ the broker) (VP took (NP them) (ADVP-CLR out) (PP-PRP for (NP lunch)) (ADVP-TMP frequently))))) .)) (TOP (S (NP-SBJ He) (VP urged (NP-2 them) (S (NP-SBJ *-2) (VP to (VP refer (NP (NP their friends) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP also) (VP lost (NP money))))))))) .)) (TOP (S -LRB- (NP-SBJ (NP Donald Trinen) , (NP (NP an attorney) (PP for (NP the penny-brokerage firm))) ,) (VP (VP denies (NP the fraud allegations)) and (VP says (SBAR 0 (S (NP-SBJ-1 the Lyneses) (VP were (VP (ADVP-MNR fully) apprised (NP *-1) (SBAR that (S (NP-SBJ they) (VP were (VP pursuing (NP a high-risk investment))))))))))) . -RRB-)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's not (ADJP-PRD uncommon) (SBAR-1 for (S (NP-SBJ-3 these guys) (VP to (VP send (NP (NP pictures) (PP of (NP (NP themselves) or (NP their families)))) (S-PRP (NP-SBJ *-3) (VP to (VP ingratiate (NP themselves) (PP-CLR to (NP their clients))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Terree Bowers) , (NP (NP chief) (PP of (NP (NP the major-frauds section) (PP of (NP (NP (NP the U.S. attorney 's) office) (PP-LOC in (NP Los Angeles)))))))) .)) (TOP (S `` (NP-SBJ We) (VP 've (VP seen (NP (NP cases) (SBAR (WHADVP-2 where) (S (NP-SBJ salesmen) (VP will (VP affect (NP (NP the accent) (PP of (NP (NP the region) (PP of (NP (NP the country) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP are (VP calling (NP *T*-1)))))))))) (ADVP-LOC *T*-2)))))))) .)) (TOP (FRAG (NP Anything) (S-PRP (NP-SBJ *) (VP to (VP make (NP a sale)))) . '')) (TOP (S (NP-SBJ Experts) (VP say (SBAR that (S (SBAR-ADV (WHNP whatever) (FRAG (NP (NP a person 's) particular weak point))) , (NP-SBJ timing) (VP is (ADJP-PRD crucial))))) .)) (TOP (S (NP-SBJ People) (VP may (VP be (ADJP-PRD particularly vulnerable (PP to (NP flim-flam pitches))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP are (PP-LOC-PRD in (NP (NP the midst) (PP of (NP (NP a major upheaval) (PP-LOC in (NP their lives)))))) (ADVP-TMP *T*-1)))))) .)) (TOP (SINV `` (S-TPC-3 (ADVP-TMP Sometimes) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ people) (VP are (VP (VP making (NP big changes)) , (VP retiring (PP-CLR from (NP their jobs))) , (VP moving (PP-DIR to (NP a new area))) (ADVP-TMP *T*-2))))) , (NP-SBJ they) (VP lose (NP their bearings))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Maury Elvekrog) , (NP (NP a licensed psychologist) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADVP-TMP now) (NP-PRD (NP an (NX (NX investment adviser) and (NX principal))) (PP-LOC in (NP (NP Seger-Elvekrog Inc.) , (NP a (NAC-LOC Birmingham , Mich. ,) investment-counseling firm))))))))) .)) (TOP (S `` (NP-SBJ They) (VP may (VP be (ADJP-PRD susceptible (PP to (NP some song and dance))) (SBAR-ADV if (S (NP-SBJ it) (VP hits (NP them) (PP-TMP at (NP the right time))))))) . '')) (TOP (UCP (S (NP-SBJ They) (VP are (ADVP obviously) (ADVP also) (ADJP-PRD more susceptible) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP need (NP money) (ADVP-TMP *T*-1)))))) - (NP (NP (NP retirees) , (PP for (NP instance)) , (VP trying (S (NP-SBJ *) (VP to (VP bolster (NP their fixed income)))))) or (NP (NP parents) (VP fretting (PP-CLR over (SBAR (WHADVP-2 how) (S (NP-SBJ *) (VP to (VP pay (PP-CLR for (NP (NP a child 's) college expenses)) (ADVP-MNR *T*-2))))))))) .)) (TOP (S `` (NP-SBJ These people) (VP are n't (ADVP necessarily) (ADJP-PRD stupid or naive)) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 (NP Almost all) (PP of (NP us)) (PP-LOC in (NP comparable circumstances))) (VP might (VP be (VP victimized (NP *-1) (PP-MNR in (NP some way)))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Jerald Jellison) , (NP (NP a psychology professor) (PP-LOC at (NP (NP the University) (PP of (NP Southern California)) (PP-LOC in (NP Los Angeles)))))) .)) (TOP (S (NP-SBJ Nick Cortese) (VP thinks (SBAR 0 (S (NP-SBJ that) (VP 's (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happened (PP-CLR to (NP him))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Cortese) , (NP a 33-year-old Delta Air Lines engineer) ,) (VP invested (NP (QP some $ 2,000) *U*) (PP-CLR in (NP penny stocks)) (PP through (NP (NP a broker) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP promised (NP quick returns))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ-1 We) (VP were (VP saving (ADVP-CLR up) (S-PRP (NP-SBJ *-1) (VP to (VP buy (NP a house))))))) , and (S (NP-SBJ my wife) (VP was (ADJP-PRD pregnant)))) , '' (VP says (S *T*-2)) (NP-SBJ Mr. Cortese) .)) (TOP (S `` (S (NP-SBJ It) (VP was (PP-TMP-PRD (ADVP just) before (NP the Christmas holidays)))) , and (S (NP-SBJ I) (VP figured (SBAR 0 (S (NP-SBJ we) (VP could (VP use (NP some extra cash))))))) . '')) (TOP (S (NP-SBJ The investment) (VP is (ADJP-PRD worth (NP (QP about $ 130) *U*)) (NP-TMP today)) .)) (TOP (SINV `` (S-TPC-1 (ADVP Maybe) (NP-SBJ it) (VP was (NP-PRD just a vulnerable time))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Cortese) .)) (TOP (S `` (ADVP Maybe) (UCP-TMP (NP the next day) or (ADVP even) (ADVP (NP an hour) later)) , (NP-SBJ I) (VP would n't (VP have (VP done (NP it)))) . '')) (TOP (S (NP-SBJ Ms. Brannigan) (VP is (NP-PRD (NP a staff reporter) (PP-LOC in (NP (NP The Wall Street Journal 's) Atlanta bureau)))) .)) (TOP (S (NP-SBJ-1 (NP Prices) (PP for (NP (NP seats) (PP-LOC on (NP the New York Stock Exchange))))) (VP are (VP recovering (NP-EXT a bit) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP hitting (NP a four-year low) (NP-TMP earlier this month)))))) .)) (TOP (S (NP-SBJ-1 (NP Two seats) (PP-LOC on (NP the Big Board))) (VP were (VP sold (NP *-1) (NP-TMP yesterday) (PP-CLR for (NP (NP $ 455,000 *U*) , and then (NP $ 500,000 *U*))))) .)) (TOP (S (S (NP-SBJ The previous sale) (VP was (NP-PRD $ 436,000 *U*) (PP-TMP on (NP Oct. 17)))) ; (S (NP-SBJ (NP the last time) (SBAR (WHADVP-1 0) (S (NP-SBJ prices) (VP were (ADJP-PRD that low) (ADVP-TMP *T*-1))))) (VP was (NP-PRD (NP November 1985) , (SBAR (WHADVP-2 when) (S (NP-SBJ a seat) (VP sold (PP-CLR for (NP $ 425,000 *U*)) (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ Prices) (VP peaked (PP-LOC-CLR at (NP $ 1,150,000 *U*)) (PP-TMP in (NP September 1987))) .)) (TOP (S (NP-SBJ-1 Seats) (VP are (ADVP-TMP currently) (VP quoted (NP *-1) (PP-CLR at (NP (NP (NP $ 430,000 *U*) (VP bid (NP *))) and (NP (NP $ 525,000 *U*) (VP asked (NP *))))))) .)) (TOP (S (S (NP-SBJ-1 FOX HUNTING) (VP HAS (VP been (VP defined (NP *-1) (PP-CLR as (NP (NP the unspeakable) (PP-LOC in (NP (NP pursuit) (PP of (NP the inedible)))))))))) , but (S (ADVP at least) (NP-SBJ it) (VP 's (NP-PRD exercise))) .)) (TOP (S (ADVP At least) (NP-SBJ it) (VP has (NP a little dash)) .)) (TOP (S (NP-SBJ-2 (NP Most) (PP of (NP us))) (VP have (S (NP-SBJ *-2) (VP to (VP spend (NP our time) (PP-CLR on (NP (NP pursuits) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP afford (NP neither)))) , (NP (NP drab duties) (PP rather than (NP pleasures))))))))) .)) (TOP (FRAG (PP Like (NP (S-NOM (NP-SBJ-1 *) (VP trying (S (NP-SBJ *-1) (VP to (VP buy (NP life insurance)))))) , (PP for (NP instance)) , (NP (NP an endeavor) (VP (ADVP notably) lacking (PP-CLR in (NP dash))))) .))) (TOP (S (NP-SBJ *) (VP Call (S (NP-SBJ it) (NP-PRD (NP the uninformed) (VP trudging (PP-DIR after (NP the incomprehensible)))))) .)) (TOP (S But (ADVP-TMP sooner or later) , (NP-SBJ-1 (NP most) (PP of (NP us))) (VP have (S (NP-SBJ *-1) (VP to (VP think (PP-CLR about (NP life insurance))))) , (SBAR-ADV just as (S (NP-SBJ-2 we) (ADVP-TMP often) (VP have (S (NP-SBJ-3 *-2) (VP to (VP think (PP-CLR about (S-NOM (NP-SBJ *-3) (VP having (NP root-canal work))))))))))) .)) (TOP (S And (NP-SBJ my time) (VP has (VP come)) .)) (TOP (S (NP-SBJ-1 I) (VP 'm (UCP-PRD (NP 33) , (ADJP married) , (X (NP no children)) , and (VP employed (NP-2 *-1) (PP-CLR in (S-NOM (NP-SBJ *-2) (VP writing (NP (NP stories) (PP like (NP this one))))))))) .)) (TOP (S (PP-TMP In (NP (NP times) (ADJP past))) , (S (NP-SBJ life-insurance salesmen) (VP targeted (NP (NP heads) (PP of (NP household)) , (VP meaning (NP men))))) , but (S (NP-SBJ-1 ours) (VP is (UCP-PRD (NP a two-income family) and (VP accustomed (NP *-1) (PP-CLR to (NP it)))))) .)) (TOP (S So (SBAR-ADV if (S (NP-SBJ anything) (VP happened (PP-CLR to (NP me))))) , (NP-SBJ-1 I) (VP 'd (VP want (S (NP-SBJ *-1) (VP to (VP leave (ADVP-CLR behind) (NP (NP enough (SBAR so that (S (NP-SBJ-2 my 33-year-old husband) (VP would (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP pay (PRT off) (NP (NP the mortgage) and (NP some other debts))))))))))) (PRN -LRB- though not (PRN , (S (NP-SBJ I) (VP admit)) ,) (NP enough (S (NP-SBJ *) (VP to (VP put (NP any potential second wife) (PP-PUT in (NP (NP the lap) (PP of (NP luxury)))))))) -RRB-))))))) .)) (TOP (S (S-TPC (NP-SBJ *-2) (VP (VP Figuring (SBAR that (S (ADVP maybe) (NP-SBJ (QP $ 100,000 to $ 150,000) *U*) (VP would (VP do))))) but (VP having (NP (NP no idea) (PP of (SBAR (WHNP-1 what kind (PP of (NP policy))) (S (NP-SBJ I) (VP wanted (NP *T*-1))))))))) , (NP-SBJ-2 I) (VP (VP looked (PP-CLR at (NP (NP the myriad products) (PP of (NP a dozen companies))))) -- and (VP plunged (PP-DIR into (NP (NP a jungle) (PP of (NP gibberish)))))) .)) (TOP (S (PP-TMP Over (NP the past decade (QP or two))) , (SBAR-TMP while (S (NP-SBJ I) (VP was (VP thinking (PP-CLR about (NP fox hunting)))))) , (NP-SBJ the insurance industry) (VP has (VP spawned (NP (NP an incredible number) (PP of (NP (NP products) , (NP (NP variations) (PP on (NP products))) , and (NP (NP variations) (PP on (NP the variations)))))))) .)) (TOP (S (PP-LOC Besides (NP (NP (NP term life) and (NP whole life)) (PRN -LRB- (NP the old standbys) -RRB-))) , (NP-SBJ we) (ADVP-TMP now) (VP have (NP (NP universal life) , (NP universal variable life) , (NP flexible adjustable universal life) , (NP (NP policies) (PP with (NP persistency bonuses))) , (NP (NP policies) (VP festooned (NP *) (PP-CLR with (NP exotic riders)))) , (NP living benefit policies) , and (ADVP on and on))) .)) (TOP (SBAR (WHNP-1 What) (S (NP-SBJ *) (VP to (VP do (NP *T*-1)))) ?)) (TOP (S (ADVP-TMP First) , (NP-SBJ *) (VP generalize) .)) (TOP (S (S-ADV (NP-SBJ-6 *-1) (VP Shorn (NP *-6) (PP-CLR of (NP all (NX (NX their riders) , (NX special provisions) , and (NX other bells and whistles)))))) , (NP-SBJ-1 insurance policies) (VP can (ADVP-TMP still) (VP be (VP grouped (NP *-1) (PP-LOC-CLR under (NP (NP two broad categories) : (NP (NP (NP so-called pure insurance) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP (VP amasses (NP no cash value) (PP-LOC-CLR in (NP the policy))) and (VP pays (PRT off) (PP-TMP (ADVP only) upon (NP death))))))) , and (NP (NP permanent insurance) , (SBAR (WHNP-4 which) (S (NP-SBJ *T*-4) (VP provides (NP (CONJP not only) (NP a death benefit) (CONJP but also) (NP (NP a cash value) (PP-LOC in (NP the policy)) (SBAR (WHNP-5 that) (S (NP-SBJ-2 *T*-5) (VP can (VP be (VP used (NP *-2) (PP-MNR in (NP various ways)) (SBAR-TMP while (S (NP-SBJ the insured) (VP is (ADVP-TMP still) (ADJP-PRD alive))))))))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ (NP all) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP want (NP *T*-1))))) (VP is (NP-PRD death-benefit coverage)))) , (NP-SBJ (NP pure insurance) -- (NP a term policy) --) (VP gives (NP you) (NP (NP maximum bang) (PP for (NP your buck))) , (PP within (NP limits))) .)) (TOP (S (NP-SBJ It) (VP 's (ADJP-PRD (ADJP much cheaper) (PP than (NP (NP permanent insurance) (VP bought (NP *) (PP-TMP at (NP the same age))))))) .)) (TOP (S (S But `` (NP-SBJ term) '' (VP means (NP just that))) ; (S (NP-SBJ-2 the policy) (VP (VP is (VP written (NP *-2) (PP for (NP a specific time period only)))) and (VP must (VP be (VP renewed (NP *-2) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP expires (ADVP-TMP *T*-1))))))))) .)) (TOP (S (S (NP-SBJ It) (VP may (ADVP also) (VP stipulate (SBAR that (S (NP-SBJ the insured) (VP must (VP pass (NP another medical exam) (PP-TMP before (NP renewal))))))))) ; (S (SBAR-ADV if (S (NP-SBJ you) (VP flunk))) (PRN -- (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP means (SBAR 0 (S (NP-SBJ you) (VP need (NP insurance) (ADVP (ADVP more) (PP than (ADVP ever))))))))) --) (NP-SBJ-2 you) (VP may not (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP buy (NP it)))))))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ you) (VP (VP 're (ADJP-PRD healthy)) and (VP can (VP renew))))) , (NP-SBJ your premium) (VP will (VP go (ADVP-DIR up) (ADVP-MNR sharply) (SBAR-PRP because (S (NP-SBJ you) (VP 're (ADJP-PRD (NP (NP that) (ADJP much)) older)))))) .)) (TOP (S So (NP-SBJ term insurance) (VP may not (VP be (ADJP-PRD (ADJP as cheap) (SBAR as (S (NP-SBJ it) (VP looks (ADJP *?*))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (NP all sorts) (PP of (NP (NP variations) (PP on (NP term insurance))))) : (NP (NP (NP policies) (VP structured (NP-1 *) (S-PRP (NP-SBJ *-1) (VP to (VP pay (PRT off) (NP your mortgage debt)))))) , (NP (NP term riders) (VP tacked (PRT on) (PP-CLR to (NP permanent insurance)))) , and (NP many others)))) .)) (TOP (S (NP-SBJ (NP One variation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP appealed (PP-CLR to (NP me)) (PP-TMP at (NP first)))))) (VP was (NP-PRD (NP the `` Money Smart Term Life '' policy) (VP offered (NP *) (PP by (NP-LGS (NP Amex Life Insurance Co.) , (NP the American Express unit))) , (PP-CLR to (NP (NP the parent company 's) credit-card holders))))) .)) (TOP (S (PP-TMP Upon (NP examination)) , (ADVP however) , (NP-SBJ I) (VP wondered (SBAR whether (S (NP-SBJ the plan) (VP made (NP (NP a lot) (PP of (NP sense))))))) .)) (TOP (S (NP-SBJ Amex) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP would (VP charge (NP me) (NP (NP $ 576 *U*) (NP-ADV a year)) (PP-PRP for (NP (NP $ 100,000 *U*) (PP of (NP coverage)))))) -- and (VP would (VP pay (NP me) (ADVP-CLR back) (NP (NP all the premiums) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP put (NP *T*-1) (ADVP-PUT in))))) (SBAR-ADV if (S (NP-SBJ I) (VP canceled (NP the policy) (PP-TMP after (NP 10 years))))))))))) .)) (TOP (S (S (NP-SBJ *) (VP Sounds (ADJP-PRD great))) -- or (SQ does (NP-SBJ it) (VP *?*) ?))) (TOP (S (ADVP-TMP First) , (SBAR-ADV if (S (NP-SBJ I) (VP canceled))) , (NP-SBJ I) (VP 'd (VP have (NP (NP (ADJP no more) insurance) , (NP a (ADJP not insignificant) consideration)))) .)) (TOP (S (S (ADVP-TMP Second) , (NP-SBJ-1 (NP the $ 5,760 *U*) (SBAR (WHNP-3 0) (S (NP-SBJ I) (VP 'd (VP get (NP *T*-3) (ADVP-CLR back)))))) (VP would (VP be (VP (ADVP much) diminished (NP *-1) (PP in (NP purchasing power)) (PP by (NP-LGS (NP 10 years) (PP of (NP inflation)))))))) ; (S (NP-SBJ Amex , not I ,) (VP would (VP get (NP (NP the benefit) (PP of (NP (NP the investment income) (PP on (NP my money)) , (NP (NP income) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP have (VP (VP exceeded (NP the inflation rate)) and (ADVP thus) (VP given (NP the company) (NP a real profit)))))))))))))) .)) (TOP (S (S (UCP-ADV (ADVP Third) and (ADJP most important)) , (NP-SBJ Amex) (VP would (VP charge (NP me) (NP (NP a (ADJP far higher) premium) (SBAR than (S (NP-SBJ other reputable companies) (VP would (VP *?* (PP on (NP (NP a straight term policy) (PP for (NP the same amount)))))))))))) ; (S (NP-SBJ-1 I) (VP 'd (VP be (VP paying (ADVP-MNR (ADVP so heavily) (SBAR *ICH*-2)) (S-PRP (NP-SBJ *-1) (ADVP just) (VP to (VP have (NP (NP the option) (PP of (S-NOM (NP-SBJ *) (VP getting (NP my premiums) (ADVP-CLR back)))))))) (SBAR-2 that (S (NP-SBJ-3 I) (VP 'd (ADVP almost) (VP have (S (NP-SBJ *-3) (VP to (VP cancel))) (S-PRP (NP-SBJ *-3) (VP to (VP make (S (NP-SBJ the whole thing) (ADJP-PRD worthwhile))))))))))))) .)) (TOP (S (S (NP-SBJ That) (VP would (VP be (ADJP-PRD all right) (PP with (NP (NP Amex) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP could (ADVP-TMP then) (VP lock (ADVP-CLR in) (NP its investment profit)))))))))) , but (S (NP-SBJ it) (VP does n't (VP add (PRT up) (PP-CLR to (NP (NP a `` smart money '' move) (PP for (NP me))))))) .)) (TOP (FRAG (SBAR-ADV (WHNP-1 Which) (S (NP-SBJ-2 *T*-1) (VP goes (S (NP-SBJ *-2) (VP to (VP show (SBAR that (S (S (NP-SBJ the First Law) (VP applies (PP-LOC in (NP insurance)) (PP as (PP-LOC in (NP (NP anything) (ADJP else)))))) : (S (NP-SBJ There) (VP is (NP-PRD no free lunch))) , (S (NP-SBJ there) (VP is (NP-PRD only marketing))))))))))) .)) (TOP (FRAG And (NP (NP the Second Law) , (ADJP unique (PP to (NP insurance)))) ?)) (TOP (S (S (SBAR-ADV If (S (NP-SBJ I) (VP die (ADVP-TMP early)))) , (NP-SBJ I) (VP (VP win) -- (NP-ADV (NP a hollow victory) , (SBAR-PRP since (S (NP-SBJ I) (VP ca n't (VP enjoy (NP it)))))))) -- and (S (SBAR-ADV if (S (NP-SBJ I) (VP live (ADVP-TMP long)))) , (NP-SBJ the insurer) (VP wins)) .)) (TOP (FRAG (ADVP-TMP Always) .)) (TOP (S (NP-SBJ This) (VP is (ADJP-PRD worth (NP remembering)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-2 (NP insurers) and (NP their salesmen)) (VP try (S (NP-SBJ *-2) (VP to (VP sell (NP you) (NP (NP permanent insurance) , (NP (NP the kind) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP amasses (NP cash value))))))))) (ADVP-TMP *T*-3))))) .)) (TOP (S (S (NP-SBJ-1 The word `` death '') (VP can not (VP be (VP escaped (NP *-1) (ADVP-MNR entirely) (PP by (NP-LGS the industry)))))) , but (S (NP-SBJ-2 salesmen) (VP (VP dodge (NP it) (SBAR-LOC (WHADVP-4 wherever) (FRAG (ADJP-PRD possible) (ADVP-LOC *T*-4)))) or (VP cloak (NP it) (PP-CLR in (NP euphemisms))) , (S-ADV (NP-SBJ-3 *-2) (VP preferring (S (NP-SBJ *-3) (VP to (VP talk (PP-CLR about (NP `` savings '' and `` investment '')) (ADVP instead)))))))) .)) (TOP (S (NP-SBJ The implication) (VP is (SBAR-PRD that (S (NP-SBJ your permanent-insurance policy) (VP is (ADVP really) (NP-PRD (NP some kind) (PP of (NP (NP (NP CD) or (NP mutual-fund account)) (PP with (NP an added feature))))))))) .)) (TOP (S (NP-SBJ That) (VP is (S-NOM-PRD (NP-SBJ *) (VP gilding (NP the lily)))) .)) (TOP (S (NP-SBJ The fact) (VP is (SBAR-PRD that (S (PP as (NP a savings or investment vehicle)) , (NP-SBJ insurance) (ADVP generally) (VP runs (NP (NP a poor second) (PP to (NP (NP any direct investment) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP might (VP make (NP *T*-1) (PP-CLR in (NP (NP the same things) (SBAR (WHNP-2 0) (S (NP-SBJ the insurance company) (VP is (VP putting (NP your money) (PP-PUT into (NP *T*-2))))))))))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRP-PRD because (S (NP-SBJ-1 you) (VP have (S (NP-SBJ *-1) (VP to (VP pay (PP-CLR for (NP (NP (NP the insurance portion) (PP of (NP the policy))) and (NP (NP the effort) (VP required (NP *) (S-PRP (NP-SBJ *) (VP to (VP sell and service (NP the whole package))))))))))))))) .)) (TOP (FRAG (ADVP-TMP Again) , (NP no free lunch) .)) (TOP (S (NP-SBJ-1 This) (VP is (VP reflected (NP *-1) (PP-LOC in (NP (NP a built-in mortality cost) -- (PP in (NP effect)) , (NP (NP your share) (PP of (NP (NP (NP the company 's) estimated liability) (PP-LOC in (S-NOM (NP-SBJ *) (VP paying (PRT off) (NP (NP beneficiaries) (PP of (NP (NP people) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP had (NP the effrontery (S (NP-SBJ *) (VP to (VP die (SBAR-TMP while (S (NP-SBJ *) (PP-LOC-PRD under (NP its protection)))))))))))))))))))))))) .)) (TOP (S And (S (PP-LOC in (NP most cases)) , (NP-SBJ (NP a huge hunk) (PP of (NP your premium)) (PP-TMP in (NP (NP the initial year (QP or two)) (PP of (NP the the policy))))) (VP is , (PP in (NP effect)) , (VP paying (NP (NP the salesman 's) commission) (ADVP as well)))) ; (S (NP-SBJ (NP investment returns) (PP on (NP most policies))) (VP are (ADVP actually) (ADVP-PRD negative) (PP-TMP for (NP several years)) , (PP-PRP (ADVP largely) because of (NP this)))) .)) (TOP (S So (NP-SBJ *) (VP view (NP permanent insurance) (PP-CLR for (SBAR-NOM (WHNP-1 what) (S (NP-SBJ it) (VP is (NP-PRD *T*-1) (PRN -- (NP (NP a compromise) (PP between (NP (NP pure insurance) and (NP direct investment)))))))))) .)) (TOP (S (NP-SBJ (NP The simplest , (ADJP most traditional) form) (PP of (NP permanent insurance))) (VP is (NP-PRD the straight whole life policy)) .)) (TOP (S (S (NP-SBJ You) (VP pay (NP a set premium) (PP-PRP for (NP (NP a set amount) (PP of (NP coverage)))))) , (S (NP-SBJ the company) (VP invests (NP that premium) (PP-CLR in (NP (NP a portfolio) (PP of (NP its choosing)))))) , and (S (NP-SBJ your (NX (NX cash value) and (NX dividends))) (VP grow (PP-TMP over (NP the years)))) .)) (TOP (S (S (NP-SBJ (NP One newer wrinkle) , (NP (NP so called single-premium life) (PRN -LRB- (S (NP-SBJ you) (VP pay (PP-CLR for (NP the whole policy)) (PP-TMP at (NP once)))) -RRB-)) ,) (VP has (VP been (ADJP-PRD immensely popular) (PP-TMP in (NP recent years)) (PP-PRP for (NP tax reasons))))) ; (S (S (NP-SBJ the insured) (VP could (VP extract (NP cash value) (PP in (NP (NP the form) (PP of (NP policy `` loans))))))) , '' and (S (NP-SBJ (NP none) (PP of (NP the proceeds))) (VP were (ADJP-PRD taxable) (SBAR-ADV even though (S (NP-SBJ they) (VP included (NP (NP gains) (PP-LOC on (NP investment))))))))) .)) (TOP (S (NP-SBJ Congress) (VP (VP closed (NP this loophole) (NP-TMP last year)) , or (VP thought (SBAR 0 (S (NP-SBJ it) (VP did (VP *?*)))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP Monarch Capital Corp.) (PP of (NP (NP Springfield) , (NP Mass.) ,))) (VP has (VP developed (NP (NP a `` combination plan '') (PP of (NP annuity and insurance coverage)) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP says (SBAR (SBAR 0 (S (NP-SBJ *T*-1) (VP does not (VP violate (NP the new regulations))))) and (SBAR that (S (NP-SBJ *T*-1) (VP allows (NP policy loans) (PP without (NP tax consequences)))))))))))) .)) (TOP (S But (NP-SBJ (NP the percentage) (PP of (NP your cash reserve)) (SBAR (WHNP-1 that) (S (NP-SBJ you) (VP can (VP borrow (NP *T*-1) (ADVP-MNR tax-free)))))) (VP is (ADJP-PRD very small)) .)) (TOP (S (S (NP-SBJ-1 I) (VP 'm not (VP prepared (PP-LOC in (NP any case)) (S-CLR (NP-SBJ *-1) (VP to (VP put (NP (ADJP that much) money) (PP-PUT into (NP a policy)) (ADVP-TMP immediately))))))) , so (S (NP-SBJ I) (VP look (PP-CLR into (NP (NP the broad category) (VP called (S (NP-SBJ *) (NP-PRD universal life))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Hugely popular)) , (NP-SBJ-1 it) (VP is (ADJP-PRD (ADJP far more flexible) (PP than (NP straight whole life)))) .)) (TOP (S (S (NP-SBJ I) (VP can (VP adjust (NP (NP the amount) (PP of (NP insurance)) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP want (NP *T*-1))))) (PP-CLR against (NP (NP the amount) (VP going (PP-DIR into (NP investment)))))))) ; (S (NP-SBJ I) (VP can (VP pay (NP (NP more or less) (PP than (NP the so-called target premium))) (PP-TMP in (NP a given year))))) ; and (S (NP-SBJ I) (VP can (ADVP even) (VP skip (NP payments) (SBAR-ADV if (S (NP-SBJ my cash reserves) (VP are (ADJP-PRD enough (S (NP-SBJ *) (VP to (VP cover (NP (NP the insurance portion) (PP of (NP the policy))))))))))))) .)) (TOP (S (PP-LOC In (S-NOM (NP-SBJ *-2) (VP looking (PP-CLR at (NP (ADJP these and other) policies))))) , (NP-SBJ-2 I) (VP learn (S (NP-SBJ *-2) (VP to (VP ask (NP (NP pointed questions) (PP about (NP (NP some) (PP of (NP (NP the assumptions) (VP built (NP *) (PP-CLR into (NP `` (NP policy illustrations) '' -- (NP (NP the rows) (PP of (NP numbers)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP show (NP me) (NP (NP the buildup) (PP of (NP my cash values)) (PP-TMP over (NP the years))))))))))))))))))) .)) (TOP (S (NP-SBJ They) (ADVP-TMP commonly) (VP give (NP (NP two scenarios) : (S (S (NP-SBJ-1 One) (VP is (VP based (NP *-1) (PP-CLR-4 on (NP (NP interest rates) (SBAR (WHNP-2 that) (S (NP-SBJ the company) (VP guarantees (NP *T*-2)))) (PRN -LRB- (ADVP-TMP usually) (NP (QP 4 % to 4.5 %) *U*) -RRB-)))))) and (S (NP-SBJ=1 the other) (PP-CLR=4 on (NP (NP (NP the rate) (SBAR (WHNP-3 0) (S (NP-SBJ it) (VP is (ADVP-TMP currently) (VP getting (NP *T*-3) (PP on (NP investment))))))) , (ADVP-TMP often) (NP 8.5 % (QP or more)))))))) .)) (TOP (S (S (S-ADV (NP-SBJ *-1) (VP Projecting (NP the latter) (PP-CLR over (NP several decades)))) , (NP-SBJ-1 I) (VP find (SBAR 0 (S (NP-SBJ my cash buildup) (VP is (ADJP-PRD impressive)))))) -- but (SQ can (NP-SBJ any high interest rate) (VP prevail (PP-TMP for (NP that long))) ?))) (TOP (S (ADJP-TPC-1 Not likely) , (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ *) (ADJP-PRD *T*-1)))) .)) (TOP (S (ADVP Also) , (NP-SBJ some policy illustrations) (VP assume (SBAR (SBAR that (S (NP-SBJ mortality costs) (VP will (VP decline)))) or (SBAR that (S (NP-SBJ I) (VP will (VP get (NP (NP some sort) (PP of (NP dividend bonus))) (PP-TMP after (NP the 10th year)))))))) .)) (TOP (S (NP-SBJ These) (VP are not (ADJP-PRD certain) , (ADVP either)) .)) (TOP (SINV (S-TPC-2 (S (NP-SBJ-1 Companies) `` (VP are n't (ADJP-PRD comfortable (S (NP-SBJ *-1) (VP playing (NP these games)))))) , but (S (NP-SBJ they) (VP realize (SBAR 0 (S (NP-SBJ they) (VP 're (PP-PRD under (NP pressure (S (NP-SBJ *) (VP to (VP make (S (NP-SBJ their policies) (VP look (ADJP-PRD good)))))))))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Timothy Pfiefer) , (NP (NP an actuarial consultant) (PP-LOC at (NP (NP Tillinghast) , (NP (NP a unit) (PP of (NP (NP Towers Perrin Co.) , (NP the big New York consulting firm)))))))) .)) (TOP (NP (NP (NP Another factor) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP consider (NP *T*-1)))))) : (S (S (NP-SBJ (NP Some) (PP of (NP (NP the companies) (VP (ADVP-TMP currently) earning (NP (ADJP very high) yields))))) (VP are (VP doing (ADVP-MNR so) (PP through (NP (NP substantial investment) (PP in (NP junk bonds))))))) , and (S (NP-SBJ you) (VP know (SBAR (WHADJP-2 how nervous) (S (NP-SBJ the market) (VP has (VP been (ADJP-PRD *T*-2) (PP about (NP those)) (ADVP-TMP lately)))))))) .)) (TOP (S (S (NP-SBJ There) (VP are (NP-PRD (NP (ADJP seemingly endless) twists) (PP to (NP universal life))))) , and (S (NP-SBJ (NP it) (S *EXP*-1)) (VP pays (S-1 (NP-SBJ *) (VP to (VP ask (NP questions) (PP-CLR about (NP (NP all) (PP of (NP them))))))))) .)) (TOP (S (PP-LOC At (NP a back-yard barbecue)) , (PP for (NP example)) , (NP-SBJ a friend) (VP boasts (SBAR (SBAR that (S (NP-SBJ-1 she) (VP 'll (ADVP only) (VP have (S (NP-SBJ *-1) (VP to (VP pay (NP premiums) (PP on (NP her John Hancock policy)) (PP-TMP for (NP seven years))))))))) and (SBAR that (S (NP-SBJ-2 her death benefits) (VP will (ADVP-TMP then) (VP be `` (VP guaranteed (NP *-2)))))))) . '')) (TOP (S (NP-SBJ I) (VP call (NP (NP her agent) , (NP David Dominici))) .)) (TOP (S-4 (ADVP Yes) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-4)))) ,) (NP-SBJ-2 (NP premiums) (PP-LOC on (NP such variable-rate coverage))) (VP can (VP be (VP structured (NP-3 *-2) (S-CLR (NP-SBJ *-3) (VP to (VP `` vanish '' (PP-TMP after (NP a certain period))))) -- (FRAG but (ADVP-TMP usually) (SBAR-ADV (ADVP only) if (S (NP-SBJ interest rates) (VP stay (ADJP-PRD high enough (S (NP-SBJ *) (VP to (VP generate (NP (NP sufficient cash) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP cover (NP (NP the annual cost) (PP of (NP insurance protection))))))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ interest rates) (VP plunge))) , (NP-SBJ-1 the insurer) (VP may (VP be (VP knocking (PP-CLR on (NP my door)) , (S-ADV (NP-SBJ *-1) (VP asking (PP-CLR for (NP (NP steeper premium payments) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP maintain (NP (NP the same amount) (PP of (NP protection)))))))))))))) .)) (TOP (S (NP-SBJ I) (VP do n't (VP like (NP (NP the sound) (PP of (NP that))))) .)) (TOP (S (NP-SBJ-2 Some insurers) (VP have (ADVP also) (VP started (S (NP-SBJ *-2) (VP offering (NP `` (NP persistency bonuses) , '' (PP such as (NP (NP extra dividends) or (NP a (ADJP marginally higher) interest yield)))))) , (SBAR-ADV if (S (NP-SBJ-1 the policy) (VP is (VP maintained (NP *-1) (PP-TMP for (NP 10 years)))))))) .)) (TOP (S But (NP-SBJ (NP Glenn Daily) , (NP a (ADJP New York-based) financial consultant) ,) (VP warns (SBAR that (S (NP-SBJ (NP many) (PP of (NP these bonuses))) (VP are `` (NP-PRD just fantasies) , '' (SBAR-PRP because (S (NP-SBJ-1 most) (VP are n't (VP guaranteed (NP *-1) (PP by (NP-LGS the companies)))))))))) .)) (TOP (S-1 And (NP-SBJ the feature) (VP is (ADJP-PRD so new (PRN , (S (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1)))) ,) (SBAR that (S (NP-SBJ no insurer) (VP has (ADVP-TMP yet) (VP established (NP (NP a track record) (PP for (S-NOM (NP-SBJ *) (ADVP actually) (VP making (NP such payments))))))))))) .)) (TOP (S (NP-SBJ So-called living-benefits provisions) (ADVP also) (VP merit (NP a close inspection)) .)) (TOP (S (S-ADV (NP-SBJ-2 *-3) (VP Offered (NP *-2) (PP by (NP-LGS (NP insurers) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP include (NP (NP Security-Connecticut Life Insurance Co.) , (NP Jackson National Life Insurance Co.) , and (NP National Travelers Life Insurance Co.) ,)))))))) (NP-SBJ-3 these policy riders) (VP let (S (NP-SBJ me) (VP tap (NP (NP a portion) (PP of (NP my death benefits))) (SBAR-TMP while (S (NP-SBJ I) (VP 'm (ADVP-TMP still) (ADJP-PRD alive))))))) .)) (TOP (S (S (NP-SBJ Some provisions) (VP would (VP let (S (NP-SBJ-1 me) (VP collect (NP (NP a percentage) (PP of (NP (NP the policy 's) face value))) (S-PRP (NP-SBJ *-1) (VP to (VP pay (PP-CLR for (NP (NP long-term care) (PP such as (NP nursing-home stays)))))))))))) ; (S (NP-SBJ others) (VP would (VP allow (NP (NP payments) (PP for (NP (NP catastrophic illnesses and conditions) (PP such as (NP (NP cancer) , (NP heart attarcks) , (NP renal failure) and (NP kidney transplants))))))))) .)) (TOP (S But (NP-SBJ (NP the catastrophic events) (SBAR (WHPP-1 for (WHNP which)) (S (NP-SBJ the policyholder) (VP can (VP collect (PP-PRP *T*-1)))))) (VP (VP are (VP (ADVP-MNR narrowly) defined)) , (VP vary (PP (PP from (NP policy)) (PP to (NP policy)))) , and (VP (ADVP generally) permit (NP (NP use) (PP of (NP (NP only a small fraction) (PP of (NP (NP the face amount) (PP of (NP insurance))))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ (NP financial planners) (VP advising (PP-CLR on (NP insurance)))) (VP say (SBAR that (S (PP to (NP their knowledge)) (NP-SBJ there) (VP has not (ADVP-TMP yet) (VP been (NP-PRD (NP a tax ruling) (VP exempting (NP these advance payments) (PP-CLR from (NP taxes))))))))) .)) (TOP (S And (PP considering (NP (NP the extra cost) (PP of (NP such provisions)))) , (NP-SBJ some) (VP figure (SBAR that (S (NP-SBJ-2 (NP people) (ADJP interested (PP in (PRN , (INTJ say) ,) (S-NOM (NP-SBJ *) (VP paying (PP-CLR for (NP extended nursing-home care))))))) (VP would (VP be (ADJP-PRD better off) (S-ADV (NP-SBJ *-2) (ADVP just) (VP buying (NP (NP a separate policy) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP provides (NP it)))))))))))) .)) (TOP (S (NP-SBJ-1 I) (VP 'm (VP (ADVP-MNR more favorably) impressed (NP *-1) (PP by `` (NP-LGS no-load life)) , '' (SBAR-ADV even though (S (NP-SBJ-2 it) (VP turns (PRT out) (S (NP-SBJ *-2) (VP to (VP be (NP-PRD low-load life))))))))) .)) (TOP (S (S (NP-SBJ (NP Insureres) (VP selling (NP these policies))) (VP (VP market (NP them) (ADVP-MNR directly) (PP-CLR to (NP the public))) or (VP (ADVP otherwise) do n't (VP use (NP commissioned salesmen))))) ; (S (S (NP-SBJ there) (VP is (ADVP-TMP still) (NP-PRD (NP a load) -- (NP (NP annual administrative fees) and (NP initial `` setup '' charges)) --))) but (S (NP-SBJ I) (VP figure (SBAR that (S (NP-SBJ (NP the lack) (PP (PP of (NP commission)) and (PP of (NP `` (NP surrender fees) '' (PP for (S-NOM (NP-SBJ *) (VP dropping (NP the policy) (ADVP-TMP early)))))))) (ADVP still) (VP saves (NP-BNF me) (NP a lot))))))) .)) (TOP (S (NP-SBJ I) (VP compared (NP (NP one universal policy) (PP for (NP (ADJP $ 130,000 *U*) face amount)) (PP from (NP (NP such an insurer) , (NP (NP American Life Insurance Corp.) (PP of (NP (NP Lincoln) , (NP Neb.) ,)))))) (PP-CLR with (NP (NP a similar offering) (PP from (NP (NP (NP Equitable Life Assurance Society) (PP of (NP the U.S.))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP operates (PP through (NP 11,000 commissioned salesmen)))))))))) .)) (TOP (S (PP-TMP After (NP one year)) (S (NP-SBJ I) (VP could (VP walk (ADVP-DIR away (PP from (NP the Ameritas policy))) (PP with (NP $ 792 *U*))))) , but (S (NP-SBJ Id) (VP get (NP (QP only $ 14) *U*) (PP-CLR from (NP the Equitable)))) .)) (TOP (S (NP-SBJ-1 The difference) (VP is (VP magnified (NP *-1) (PP by (NP-LGS time)) , (ADVP too))) .)) (TOP (S (PP-TMP At (NP age 65)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 I) (VP 'd (VP stop (S (NP-SBJ *-2) (VP paying (NP premiums))) (ADVP-TMP *T*-1))))) , (NP-SBJ the Ameritas offering) (VP would (VP have (NP (NP a projected cash value) (ADJP (ADJP (NP $ 14,000 *U*) higher) (PP than (NP the other)))) , (SBAR-ADV even though (S (NP-SBJ (NP the Equitable 's) policy illustration) (VP assumed (NP a (ADJP fractionally higher) interest rate)))))) .)) (TOP (SQ Did (NP-SBJ I) (VP buy (NP it)) ?)) (TOP (FRAG (INTJ Well) , (ADVP-TMP not yet) .)) (TOP (S (NP-SBJ-1 I) (VP 'm (VP thinking (PP-CLR about (S-NOM (NP-SBJ-2 *-1) (VP using (NP the (ADJP $ 871 *U*) annual premium) (S-CLR (NP-SBJ *-2) (VP to (VP finance (NP (NP a trip) (PP to (NP Paris))) (ADVP-TMP first))))))))) .)) (TOP (S (NP-SBJ A person) (VP can (VP (VP do (NP (NP some heavy thinking) (PP about (NP insurance))) (ADVP-LOC there)) -- and (VP shop (PP-CLR for (NP (NP something) (ADJP more exciting)))) (SBAR-TMP while (S (NP-SBJ she) (VP 's (VP doing (NP it))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Rorer Group Inc.) (VP will (VP report (SBAR that (S (NP-SBJ third-quarter profit) (VP rose (NP-EXT (QP more than 15) %) (PP-DIR from (ADVP-TMP (NP a year) earlier)) , (SBAR-ADV though (S (NP-SBJ the gain) (VP is (ADJP-PRD wholly due (PP to (NP asset sales)))))))))))) , (NP-SBJ (NP Robert Cawthorn) , (NP (NP chairman) , (NP president) and (NP chief executive officer)) ,) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ His projection) (VP indicates (NP (NP profit) (PP-TMP in (NP the latest quarter)) (PP of (NP (NP (NP (QP more than $ 17.4 million) *U*) , or (NP (NP 55 cents) (NP-ADV a share))) , (PP compared (PP with (NP (NP (NP (QP $ 15.2 million) *U*) , or (NP (NP 48 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) ago)))))))) .)) (TOP (S (NP-SBJ Mr. Cawthorn) (VP said (PP-LOC in (NP an interview)) (SBAR that (S (NP-SBJ sales) (VP will (VP show (NP (NP an increase) (PP from (ADVP-TMP (NP a year) ago)) (PP of `` (NP (QP somewhat less than 10) %)))))))) . '')) (TOP (S (PP-TMP Through (NP (NP the first six months) (PP of (NP 1989)))) , (NP-SBJ sales) (VP had (VP grown (NP-EXT (QP about 12) %) (PP-DIR from (NP the year-earlier period)))) .)) (TOP (S (NP-SBJ (NP Growth) (PP of (NP 10 %))) (VP would (VP make (S (NP-SBJ (NP sales) (PP for (NP the latest quarter))) (NP-PRD (NP (QP $ 269 million) *U*) , (PP compared (PP with (NP (NP $ (QP 244.6 million) *U*) (ADVP-TMP (NP a year) ago)))))))) .)) (TOP (S (NP-SBJ Mr. Cawthorn) (VP said (SBAR 0 (S (NP-SBJ (NP the profit growth) (PP-TMP in (NP the latest quarter))) (VP was (ADJP-PRD due (PP to (NP (NP the sale) (PP of (NP two Rorer drugs))))))))) .)) (TOP (S (NP-SBJ-1 (NP Asilone) , (NP an antacid) ,) (VP was (VP sold (NP *-1) (PP-DTV to (NP (NP Boots PLC) , (NP-LOC London))))) .)) (TOP (S (NP-SBJ-1 (NP Thrombinar) , (NP (NP a drug) (VP used (NP-2 *) (S-CLR (NP-SBJ *-2) (VP to (VP stanch (NP bleeding)))))) ,) (VP was (VP sold (NP *-1) (PP-DTV to (NP (NP Jones Medical Industries Inc.) , (NP-LOC St. Louis))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ Rorer) (VP (VP sold (NP the drugs) (PP-CLR for `` (NP nice prices) '')) and (VP will (VP record (NP (NP a combined , pretax gain) (PP-LOC on (NP the sales)) (PP of (NP (QP $ 20 million) *U*))))))))) .)) (TOP (S (S-TPC-1 (SBAR-ADV As (S (NP-SBJ (NP the gain) (PP from (NP the sales))) (VP indicates))) , (NP-SBJ operating profit) (VP was (PP-LOC-PRD `` (ADVP significantly) '' below (NP the year-earlier level)))) , (NP-SBJ Mr. Cawthorn) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Rorer) (PP-TMP in (NP July)) (VP had (VP projected (NP (NP lower third-quarter operating profit) but (NP (NP higher profit) (PP for (NP (NP all) (PP of (NP 1989)))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the company) (VP is (ADVP-TMP still) (VP looking (PP-CLR for `` (NP (NP a strong fourth quarter) (PP-LOC in (NP (NP all areas) -- (NP (NP sales) , (NP operating income) and (NP net income))))))))))) . '')) (TOP (S (NP-SBJ Mr. Cawthorn) (VP attributed (NP (NP the decline) (PP-LOC in (NP third-quarter operating profit))) (PP-CLR (PP to (NP (NP the stronger dollar) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP reduces (NP (NP the value) (PP of (NP overseas profit)) (SBAR (WHADVP-4 when) (S (NP-SBJ-1 it) (VP is (VP translated (NP *-1) (PP-CLR into (NP dollars)) (ADVP-TMP *T*-4))))))))))) ; (PP to (NP (NP accelerated buying) (PP of (NP Rorer products)) (PP-TMP in (NP the second quarter)) (PP-PRP because of (NP a then-pending (NAC-TMP July 1) price increase)))) , and (PP to (NP (NP higher marketing expenses) (PP for (NP (NP (NP Rorer 's) Maalox antacid) , (SBAR (WHNP-3 (WHNP whose sales and market share) (PP-LOC in (NP the U.S.))) (S (NP-SBJ *T*-3) (VP had (VP slipped (PP-TMP in (NP (NP the first half) (PP of (NP 1989)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 Rorer) (VP opted (S (NP-SBJ-2 *-1) (VP to (VP sell (NP Asilone and Thrombinar) (S-PRP (NP-SBJ *-2) (VP to (VP raise (NP (NP revenue) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP would (VP `` kick start '' (NP (NP its increased marketing efforts) (PP-LOC behind (NP (NP Maalox) , (ADVP-TMP still) (NP its top-selling product) (PP with (NP (NP (QP about $ 215 million) *U*) (PP-LOC in (NP world-wide sales)) (PP-TMP in (NP 1988)))))))))))))))))))))) .)) (TOP (S-1 `` (NP-SBJ We) (VP had (VP underfunded (NP Maalox) (PP-TMP for (NP a year)) (PRN , '' (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (SBAR-PRP because (S (NP-SBJ the company) (VP was (VP concentrating (PP-CLR on (NP (NP research and development) and (S-NOM (NP-SBJ *) (VP promoting (NP other drugs))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ Rorer) (VP will (VP spend (NP (NP (ADJP (QP $ 15 million to $ 20 million) *U*) more) (PP *ICH*-1)) (PP-CLR on (NP (NP Maalox advertising and promotion) (PP-TMP in (NP (NP the second half) (PP of (NP 1989)))))) (PP-1 than (PP-TMP in (NP the year-earlier period)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP A `` big chunk '') (PP of (NP that additional spending))) (VP came (PP-TMP in (NP the third quarter)))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Hoechst AG) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP stop (S (NP-SBJ *-1) (VP producing (NP fertilizer))) (PP-TMP in (NP 1990)) (PP-PRP because of (NP (NP continued losses) and (NP a bleak outlook)))))))) .)) (TOP (S (NP-SBJ The (ADJP West German) chemical concern) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP close (NP (NP the last remaining fertilizer plant) (PP-LOC in (NP Oberhausen))) (PP-TMP in (NP (NP the fall) (PP of (NP next year))))))))) .)) (TOP (S (NP-SBJ Hoechst) (VP said (SBAR 0 (S (NP-SBJ the fertilizer market) (VP faces (NP (NP (NP overcapacity) (PP-LOC in (NP Western Europe))) , (NP (NP rising imports) (PP from (UCP (NP East bloc countries) and (ADVP-LOC overseas)))) , and (NP declining demand)))))) .)) (TOP (S (NP-SBJ HomeFed Corp.) (VP said (SBAR 0 (S (NP-SBJ (NP its main subsidiary) , (NP Home Federal Savings & Loan) ,) (VP (VP converted (PP-CLR from (NP a federal savings and loan)) (PP-CLR to (NP a federal savings bank))) and (VP changed (NP its name) (PP-CLR to (NP HomeFed Bank))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The federal Office) (PP of (NP Thrift Supervision))) (VP approved (NP the conversion) (NP-TMP last Friday))) , (NP-SBJ HomeFed) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The change) (PP-LOC in (NP charter))) (VP does n't (VP alter (NP (NP (NP the federal insurance) (PP of (NP deposits))) , (NP federal regulatory powers) or (NP company operations))))) , (NP-SBJ a spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ It) (VP was (NP-PRD (NP the second anniversary) (PP of (NP the 1987 crash))))) , but (S (NP-TMP this time) (NP-SBJ it) (VP was (ADJP-PRD different))) .)) (TOP (S (NP-SBJ Stocks) (VP rallied (PP (PP on (NP good earnings reports)) and (PP on (NP (NP data) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP showed (NP (NP less inflation) (SBAR than (S (NP-SBJ-2 *) (VP expected (NP *-2)))))))))))) .)) (TOP (S (NP-SBJ Blue chips) (VP led (NP (NP the march) (ADVP up)) (PP-LOC in (NP heavy trading))) .)) (TOP (S (NP-SBJ The Dow Jones Industrial Average) (VP rose (NP-EXT 39.55 points) (PP-DIR to (NP 2683.20))) .)) (TOP (S (NP-SBJ The 30 industrials) (VP led (NP the market) (ADVP-DIR higher) (PP-TMP from (NP the opening bell)) (SBAR-TMP as (S (NP-SBJ foreign buyers) (VP stepped (ADVP-DIR in))))) .)) (TOP (S (PP-TMP By (NP afternoon)) , (NP-SBJ the broader market) (VP joined (NP the advance) (PP in (NP full strength))) .)) (TOP (S (S (NP-SBJ (NP Standard & Poor 's) 500-stock Index) (VP rose (NP-EXT 5.37) (PP-DIR to (NP 347.13)))) and (S (NP-SBJ the Nasdaq composite index) (VP jumped (NP-EXT 7.52) (PP-DIR to (NP 470.80)))) .)) (TOP (S (NP-SBJ New York Stock Exchange volume) (VP swelled (PP-DIR to (NP 198,120,000 shares))) .)) (TOP (S (S (NP-SBJ The industrials) (VP were (ADVP-PRD up (NP (QP about 60) points)) (PP-TMP in (NP the afternoon)))) , but (S (NP-SBJ cautious investors) (VP took (NP profits) (PP-TMP before (NP the close)))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ (NP a variety) (PP of (NP factors))) (VP triggered (NP the rally))))) .)) (TOP (S (NP-SBJ The consumer price index) (VP rose (NP-EXT 0.2 %) (PP-TMP in (NP September)) , (SBAR-ADV while (S (NP-SBJ many economists) (VP were (VP looking (PP-CLR for (NP a (ADJP 0.4 %) increase))))))) .)) (TOP (S (NP-SBJ (NP Stock-index arbitrage buy programs) -- (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 traders) (VP buy (NP stock) (PP against (NP (NP offsetting positions) (PP-LOC in (NP futures)))) (S-PRP (NP-SBJ *-1) (VP to (VP lock (PRT in) (NP price differences)))) (PP-LOC *T*-2)))) --) (VP helped (NP (NP the rally 's) momentum)) .)) (TOP (S (S-TPC-2 (NP-SBJ The euphoria) (VP was (ADJP-PRD such (SBAR that (S (NP-SBJ-1 investors) (VP responded (PP-CLR to (NP (NP good earnings reports) (PP of (NP (NP companies) (PP such as (NP American Express)))))) , (SBAR-ADV while (S (NP-SBJ *-1) (VP ignoring (NP (NP the disappointing profits) (PP of (NP (NP companies) (PP such as (NP Caterpillar)))))))))))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ Stock-index arbitrage trading) (VP was (NP-PRD a minor influence) (PP-LOC in (NP (NP yesterday 's) rally)))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Institutional buyers) (VP were (NP-PRD (NP the main force) (VP pushing (NP blue chips) (ADVP-DIR higher)))) .)) (TOP (S (PP To (NP (NP the amazement) (PP of (NP some traders)))) , (NP-SBJ takeover stocks) (VP were (VP climbing (ADVP-TMP again))) .)) (TOP (S (NP-SBJ Hilton) (VP rose (NP-EXT (QP 2 7)) (PP-DIR to (NP 100)) , (PP for (NP example))) .)) (TOP (S (NP-TMP Last Friday) , (NP-SBJ-1 takeover traders) (VP spilled (ADVP-DIR out (PP of (NP Hilton))) , (S-ADV (NP-SBJ *-1) (VP knocking (NP the stock) (ADVP-CLR down (NP 21 1) (PP to (NP 85)))))) .)) (TOP (S (PP-LOC Among (NP (NP other stocks) (VP (VP involved (NP *) (PP-CLR in (NP restructurings))) or (VP rumored (S (NP-SBJ *) (VP to (VP be (ADVP-PRD so)))))))) : (S (NP-SBJ Holiday Corp.) (VP gained (NP (QP 1 7)) (PP-DIR to (NP 73)))) and (S (NP-SBJ Honeywell) (VP rose (NP-EXT (QP 2 7)) (PP-DIR to (NP (QP 81 1))))) .)) (TOP (S (NP-SBJ One floor trader) (VP noted (PP in (NP astonishment)) (SBAR that (S (NP-SBJ-1 nobody) (VP seemed (S (NP-SBJ *-1) (VP to (VP mind (NP the news (SBAR that (S (NP-SBJ British Airways) (VP is n't (VP making (NP a special effort (S (NP-SBJ *) (VP to (VP revive (NP the UAL buy-out))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The announcement) (PP of (NP (NP the buy-out 's) troubles))) (VP triggered (NP (NP (NP the market 's) nose dive) (ADVP-TMP (NP a week) ago))) .)) (TOP (S (NP-SBJ-1 Takeover enthusiasm) (VP may (VP have (VP been (VP renewed (NP *-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ an investor group) (VP disclosed (NP-TMP yesterday) (SBAR that (S (NP-SBJ it) (VP had (VP obtained (NP (NP all the financing) (VP required (NP *) (S-PRP (NP-SBJ *) (VP to (VP complete (NP (NP its (ADJP (QP $ 1.6 billion) *U*) leveraged buy-out) (PP of (NP American Medical International)))))))))))) (ADVP-TMP *T*-2)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ That) (VP 's (VP put (NP some oomph) (ADVP-CLR back) (PP-PUT into (NP this market))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Peter VandenBerg) , (NP (NP a vice president) (PP of (NP equity trading)) (PP-LOC at (NP Shearson Lehman Hutton)))) .)) (TOP (S But (NP-SBJ some traders) (VP thought (SBAR 0 (S (NP-SBJ there) (VP was (NP-PRD (NP less) (PP to (NP the rally)) (SBAR than (S (NP-SBJ *) (VP met (NP the eye))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP is (NP-PRD (NP no strength) (PP-LOC behind (NP this rally))))) , '' (VP asserted (S *T*-1)) (NP-SBJ (NP Chung Lew) , (NP (NP head trader) (PP-LOC at (NP Kleinwort Benson North America)))) .)) (TOP (S `` (NP-SBJ It) (VP 's (S-NOM-PRD (NP-SBJ traders) (VP squaring (NP positions)))) .)) (TOP (S (S (NP-SBJ It) (VP 's not (ADJP-PRD good))) ; (S (NP-SBJ the market) (VP is (VP setting (PRT up) (PP-CLR for (NP another fall))))) . '')) (TOP (S (ADVP Indeed) , (NP-SBJ many traders) (VP said (SBAR that (S (NP-SBJ (NP uncertainty) (PP about (NP (NP (NP today 's) monthly expiration) (PP of (NP (NP stocks-index futures and options) , and (NP (NP options) (PP-LOC on (NP individual stocks))) ,))))) (VP prompted (NP (NP a lot) (PP of (NP (NP buying) (PP by (NP (NP speculative traders) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP were (VP unwinding (NP (NP positions) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP were (NP-PRD (NP bets) (PP on (NP declining stock prices)))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The number) (PP of (NP outstanding contracts)) (PP-LOC in (NP the October Major Market Index))) (VP jumped (PP-DIR from (NP 5,273) (PP-TMP on (NP Friday))) (PP-DIR to (NP 9,023) (PP-TMP on (NP Monday)))) .)) (TOP (S (NP-SBJ The MMI) (VP is (NP-PRD (NP a 20-stock index) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP mimics (NP the Dow Jones Industrial Average)))))) .)) (TOP (S (NP-SBJ Outstanding contracts) (VP are (NP-PRD (NP those) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP remain (S (NP-SBJ-1 *-3) (VP to (VP be (VP liquidated (NP *-1)))))))))) .)) (TOP (SINV (S-TPC-2 (PP-TMP By (NP Wednesday)) , (NP-SBJ the outstanding October contracts) (VP amounted (PP-CLR to (NP (NP 8,524) , (VP representing (NP (NP (QP about $ 1.13 billion) *U*) (PP-LOC in (NP stock)))))))) , (VP noted (SBAR 0 (S *T*-2))) (NP-SBJ (NP Donald Selkin) , (NP (NP head) (PP of (NP stock-index futures research)) (PP-LOC at (NP Prudential-Bache Securities))) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP expects (NP a volatile expiration) (NP-TMP today))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP has (VP been (NP-PRD (NP a tremendous increase) '' (PP-LOC in (NP MMI positions)))))) , (NP-SBJ Mr. Selkin) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Consumer stocks) (ADVP-TMP once again) (VP set (NP the pace) (PP for (NP blue-chip issues))) .)) (TOP (S (S (NP-SBJ Philip Morris) (VP added (NP (QP 1 1)) (PP-DIR to (NP (QP 44 1))) (PP-LOC in (NP (NP Big Board composite trading) (PP of (NP (QP 3.7 million) shares)))))) , (S (NP-SBJ Coca-Cola Co.) (VP gained (NP (QP 2 3)) (PP-DIR to (NP (QP 70 3))))) , (S (NP-SBJ Merck) (VP gained (NP (QP 1 3)) (PP-DIR to (NP (QP 77 3))))) and (S (NP-SBJ American Telephone & Telegraph) (VP advanced (NP-EXT 7) (PP-DIR to (NP (QP 43 3))) (PP on (NP (QP 2.5 million) shares)))) .)) (TOP (S (NP-SBJ American Medical) (VP jumped (NP-EXT 1 7) (PP-DIR to (NP (QP 23 5)))) .)) (TOP (S (NP-SBJ (NP IMA Acquisition) , (NP (NP an investor group) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (NP (NP First Boston) and (NP (NP the Pritzker family) (PP of (NP Chicago)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ Chemical Bank) (VP had (VP made (NP arrangements (SBAR for (S (NP-SBJ 23 other banks) (VP to (VP provide (NP (NP (QP $ 509 million) *U*) (PP in (NP bank financing)) (PP for (NP the buy-out offer))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Chemical) and (NP six other banks)) , (PP along (PP with (NP First Boston))) ,) (VP are (VP providing (NP (NP the rest) (PP of (NP the (QP $ 1.6 billion) *U*))))) .)) (TOP (S (ADVP-LOC Elsewhere (PP on (NP the takeover front))) , (S (NP-SBJ Time Warner) (VP advanced (NP-EXT (QP 2 5)) (PP-DIR to (NP (QP 136 5))))) and (S (NP-SBJ Warner Communications) (VP tacked (PRT on) (NP 7) (PP-CLR to (NP (QP 63 7))))) .)) (TOP (S (NP-SBJ The Delaware Supreme Court) (VP affirmed (NP (NP a ruling) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP barred (NP-2 Chris-Craft Industries) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP voting (NP its Warner preferred stock) (PP as (NP a separate class)) (PP-LOC in (S-NOM (NP-SBJ *) (VP deciding (PP-CLR on (NP (NP the companies ') proposed merger))))))))))))) .)) (TOP (S (S (S (NP-SBJ Paramount Communications) (VP climbed (NP-EXT (QP 1 1/4)) (PP-DIR to (NP (QP 58 1/2))))) and (S (NP-SBJ MCA) (VP rose (NP-EXT (QP 1 1/2)) (PP-DIR to (NP 64))))) ; (S (NP-SBJ-1 both media companies) (VP have (ADVP-TMP long) (VP been (VP mentioned (NP *-1) (PP-CLR as (NP potential acquisition candidates)))))) .)) (TOP (S (PP-LOC Among (NP other (ADJP actual and rumored) targets)) , (S (NP-SBJ Woolworth) (VP rose (NP-EXT (QP 1 1/4)) (PP-DIR to (NP (QP 60 1/2))))) , (S (NP-SBJ Upjohn) (VP went (ADVP-DIR up (NP (QP 1 1/8))) (PP-DIR to (NP (QP 39 3/4))))) , (S (NP-SBJ Armstrong World Industries) (VP gained (NP 1) (PP-DIR to (NP (QP 40 1/8))))) and (S (NP-SBJ Kollmorgen) (VP rose (NP-EXT 3/4) (PP-DIR to (NP (QP 13 7/8))))) .)) (TOP (S (PP In (NP addition)) : -- (NP-SBJ Soo Line) (VP jumped (NP-EXT (QP 2 3/4)) (PP-DIR to (NP (NP (QP 20 1/4)) , (PP-LOC above (NP (NP the $ 19.50 *U*) (NP-ADV a share) (SBAR (WHNP-1 that) (S (NP-SBJ Canadian Pacific) (VP offered (NP *T*-1) (PP-CLR for (NP the company)) (PP-LOC in (NP a takeover proposal)))))))))) .)) (TOP (S -- (NP-SBJ Xtra) (VP gained (NP 1 1/8) (PP-DIR to (NP 27 1/8))) .)) (TOP (S (NP-SBJ (NP Investor Robert M. Gintel) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP owns (NP (NP a (ADJP 4.7 %) stake) (PP-LOC in (NP the company)))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP plans (NP (NP a proxy fight) (PP for (NP (NP control) (PP of (NP its board))))))))) .)) (TOP (S -- (S (NP-SBJ Golden Nugget) (VP rose (NP-EXT 2) (PP-DIR to (NP (QP 28 1/4))))) .)) (TOP (S (NP-SBJ Its board) (VP approved (NP (NP the repurchase) (PP of (NP (NP (QP as many as three million) common shares) , or (NP (NP (QP about 17) %) (PP of (NP (NP its shares) (ADJP outstanding)))))))) .)) (TOP (S (NP-SBJ Buying interest) (ADVP also) (VP resurfaced (PP-LOC in (NP (NP the technology sector) , (PP including (NP (NP International Business Machines) , (SBAR (WHNP-1 whose board) (S (NP-SBJ *T*-1) (VP approved (NP (NP a (ADJP (QP $ 1 billion) *U*) increase) (PP-LOC in (NP its stock buy-back program))))))))))) .)) (TOP (S (NP-SBJ IBM) (VP rose (NP-EXT (QP 2 3/8)) (PP-DIR to (NP (QP 104 1/8))) (SBAR-TMP as (S (NP-SBJ (QP 2.2 million) shares) (VP changed (NP hands))))) .)) (TOP (S (NP-SBJ Compaq Computer) (VP soared (NP-EXT (QP 4 5/8)) (PP-DIR to (NP (QP 111 1/8))) (PP on (NP (QP 1.8 million) shares)) (PP in (NP (NP response) (PP to (NP (NP (NP the company 's) announcement) (PP of (NP plans (S (NP-SBJ *) (VP to (VP introduce (NP several products) (NP-TMP next month))))))))))) .)) (TOP (S (NP-SBJ-2 Digital Equipment) (VP gained (NP 1 3/8) (PP-DIR to (NP 89 3/4)) (PP despite (S-NOM (NP-SBJ *-2) (VP reporting (NP (NP earnings) (PP for (NP the September quarter)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP were (PP-LOC-PRD on (NP (NP the low end) (PP of (NP expectations)))))))))))) .)) (TOP (S (PP-LOC Among (NP other technology issues)) , (S (NP-SBJ Cray Research) (VP rose (NP-EXT (QP 1 5/8)) (PP-DIR to (NP 37)))) , (S (NP-SBJ Hewlett-Packard) (VP added (NP (QP 1 1/4)) (PP-DIR to (NP (QP 50 1/4))))) , (S (NP-SBJ Tandem Computers) (VP rallied (NP-EXT (QP 1 1/8)) (PP-DIR to (NP (QP 25 3/4))))) , (S (NP-SBJ Data General) (VP rose (NP-EXT 3/4) (PP-DIR to (NP (QP 14 1/2))))) and (S (NP-SBJ Motorola) (VP gained (NP (QP 2 3/8)) (PP-DIR to (NP (QP 59 1/4))))) .)) (TOP (S (PP-LOC On (NP the other hand)) , (S (NP-SBJ Symbol Technologies) (VP dropped (NP-EXT (QP 1 1/4)) (PP-DIR to (NP (QP 18 1/2))) (SBAR-TMP after (S (NP-SBJ Shearson Lehman Hutton) (VP lowered (NP (NP its short-term investment rating) (PP-LOC on (NP (NP the stock) and (NP its 1989 earnings estimate))))))))) , and (S (NP-SBJ Commodore International) (VP fell (NP-EXT 7/8) (PP-DIR to (NP 8)) (SBAR-TMP after (S (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP post (NP a loss) (PP for (NP the September quarter))))))))))))) .)) (TOP (S (NP-SBJ-1 Insurance stocks) (VP continued (S (NP-SBJ *-1) (VP to (VP climb (PP on (NP expectations (SBAR that (S (NP-SBJ premium rates) (VP will (VP rise (PP-LOC in (NP (NP the aftermath) (PP of (NP (NP the earthquake) (PP-LOC in (NP the San Francisco area)))))))))))))))) .)) (TOP (S (S (NP-SBJ American International Group) (VP climbed (NP-EXT 4) (PP-DIR to (NP (QP 106 5/8))))) , (S (NP-SBJ General Re) (VP rose (NP-EXT (QP 3 1/8)) (PP-DIR to (NP (QP 89 5/8))))) , (S (NP-SBJ Kemper) (VP added (NP (QP 2 1/2)) (PP-DIR to (NP 48)))) , (S (NP-SBJ AON) (VP went (ADVP-DIR up (NP (QP 1 3/8))) (PP-DIR to (NP 36)))) and (S (NP-SBJ Chubb) (VP rose (NP-EXT (QP 1 1/4)) (PP-DIR to (NP (QP 82 1/4))))) .)) (TOP (S (NP-SBJ (NP Stocks) (PP of (NP major toy makers))) (VP rallied (PP-LOC in (NP (NP the wake) (PP of (NP strong third-quarter earnings reports))))) .)) (TOP (S (S (NP-SBJ Mattel) (VP added (NP (QP 1 1/4)) (PP-DIR to (NP (QP 19 5/8))))) , (S (NP-SBJ Tonka) (VP firmed (NP-EXT 1) (PP-DIR to (NP (QP 18 1/2))))) and (S (NP-SBJ Lewis Galoob Toys) (VP rose (NP-EXT 7/8) (PP-DIR to (NP (QP 13 5/8))))) (PP-LOC on (NP the Big Board)) , (SBAR-ADV while (S (NP-SBJ Hasbro) (VP gained (NP 1) (PP-DIR to (NP (QP 21 7/8))) (PP-LOC on (NP the American Stock Exchange))))) .)) (TOP (S (NP-SBJ Capital Cities-ABC) (VP surged (NP-EXT (QP 42 5/8)) (PP-DIR to (NP 560))) .)) (TOP (S (NP-SBJ Kidder Peabody) (VP raised (NP (NP its investment rating) (PP-LOC on (NP (NP the stock) and (NP its earnings estimates))) (PP for (NP 1989 and 1990))) , (PP based (PP on (NP optimism (SBAR that (S (NP-SBJ-1 (NP the company 's) ABC television network) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP fare (ADVP-MNR well) (PP-LOC in (NP the ratings))))))))))))) .)) (TOP (S (NP-SBJ Dun & Bradstreet) (VP lost (NP (QP 1 7/8)) (PP-DIR to (NP (QP 51 7/8))) (PP on (NP (QP 1.8 million) shares))) .)) (TOP (S (NP-SBJ-1 Merrill Lynch) (VP lowered (NP (NP its short-term rating) (PP-LOC on (NP (NP the stock) and (NP (NP its estimate) (PP of (NP 1990 earnings)))))) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP a sales slowdown) (PP-LOC in (NP (NP the company 's) credit-rating business)))))) .)) (TOP (S (NP-SBJ (NP Pinnacle West Capital) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP suspended (NP its common-stock dividend) (ADVP-TMP indefinitely)) and (VP reported (NP (NP a (ADJP 91 %) decline) (PP-LOC in (NP third-quarter earnings))))))) ,) (VP fell (NP-EXT 5/8) (PP-DIR to (NP (QP 11 3/8)))) .)) (TOP (S (NP-SBJ-1 The Amex Market Value Index) (VP recorded (NP (NP its sharpest gain) (PP of (NP the year))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP climbing (NP-EXT 4.74) (PP-DIR to (NP 382.81)))))) .)) (TOP (S (NP-SBJ Volume) (VP totaled (NP 14,580,000 shares)) .)) (TOP (S (NP-SBJ (NP B.A.T Industries) , (NP the (ADJP most active) Amex issue) ,) (VP rose (NP-EXT 3/8) (PP-DIR to (NP (QP 12 3/8)))) .)) (TOP (S (NP-SBJ The company) (VP received (NP (NP shareholder approval) (PP for (NP (NP its restructuring plan) , (VP designed (S (NP-SBJ *) (VP to (VP fend (PRT off) (NP (NP a hostile takeover bid) (PP from (NP (NP a group) (VP headed (NP *) (PP by (NP-LGS financier Sir James Goldsmith)))))))))))))) .)) (TOP (S (S (NP-SBJ Chambers Development Class A) (VP jumped (NP-EXT (QP 3 1/8)) (PP-DIR to (NP (QP 37 1/8))))) and (S (NP-SBJ Class B) (VP rose (NP-EXT (QP 2 5/8)) (PP-DIR to (NP (QP 37 1/4))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ six officers) (VP are (VP buying (NP (NP a total) (PP of (NP (NP (QP $ 1.5 million) *U*) (PP of (NP its stock)))))))))) .)) (TOP (S (NP-SBJ (NP TRC Cos.) , (NP (NP the target) (PP of (NP (NP an investigation) (PP by (NP the U.S. inspector general))))) ,) (VP dropped (NP-EXT 2) (PP-DIR to (NP (QP 10 3/4)))) .)) (TOP (S (NP-SBJ The probe) (VP involves (NP (NP testing procedures) (VP used (NP *) (PP-LOC-CLR on (NP certain government contracts)) (PP by (NP-LGS (NP the company 's) Metatrace unit))))) .)) (TOP (S (NP-SBJ (NP Avondale Industries Inc.) , (NP-LOC New Orleans) ,) (VP received (NP (NP a (ADJP (QP $ 23 million) *U*) contract) (SBAR *ICH*-2)) (PP-CLR from (NP the Navy)) (SBAR-2 (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP enlarge (PP-EXT by (NP 50 %)) (NP (NP the capacity) (PP of (NP an auxiliary oiler)))))))) .)) (TOP (S (NP-SBJ The award) (VP results (PP-CLR from (NP (NP (NP the Navy 's) exercising) (PP of (NP (NP an option) (PP-LOC in (NP (NP an earlier contract) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP awarded (NP Avondale) (NP *T*-1))))))))))) .)) (TOP (S (NP-SBJ-1 Richard J. Pinola) (VP was (VP elected (NP *-1) (PP-CLR to (NP (NP the board) (PP of (NP this personnel consulting concern)))) , (S-ADV (NP-SBJ *) (VP increasing (NP its size) (PP-CLR to (NP nine members)))))) .)) (TOP (S (NP-SBJ Mr. Pinola) (VP is (NP-PRD (NP (NP president) and (NP chief operating officer)) (PP of (NP Penn Mutual Life Insurance Co)))) .)) (TOP (S (NP-SBJ The Senate) (VP rejected (NP (NP a constitutional amendment) (SBAR (WHNP-1 that) (S (NP-SBJ-2 President Bush) (VP sought (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP protect (NP the U.S. flag) (PP-CLR from (NP desecration)))))))))) .)) (TOP (S (NP-SBJ The 51-48 roll call) (VP fell (S-CLR (NP-SBJ *) (ADJP-PRD well short (PP of (NP (NP the two-thirds majority) (VP needed (NP *) (S-CLR (NP-SBJ *) (VP to (VP approve (NP (NP changes) (PP to (NP the Constitution)))))))))))) .)) (TOP (S (NP-SBJ (NP The vote) , (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ 11 GOP lawmakers) (VP voted (PP-CLR against (NP (NP Mr. Bush 's) position)) (PP-LOC *T*-2))))) , (VP was (NP-PRD a victory) (PP for (NP (NP Democratic leaders) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP opposed (NP the amendment) (PP-CLR as (NP (NP an intrusion) (PP on (NP (NP the Bill) (PP of (NP Rights)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 We) (VP can (VP support (NP the American flag) (PP without (S-NOM (NP-SBJ *-2) (VP changing (NP the American Constitution))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Senate Majority Leader George Mitchell) (PP of (NP Maine))) .)) (TOP (S (SBAR-PRP In order (S (NP-SBJ *-1) (VP to (VP defuse (NP (NP pressure) (PP for (NP an amendment))))))) , (NP-SBJ-1 (NP Mr. Mitchell) and (NP (NP House Speaker Thomas Foley) (PRN -LRB- (NP D.) , (NP-LOC Wash .) -RRB-))) (VP had (VP arranged (SBAR-CLR for (S (NP-SBJ-2 lawmakers) (VP to (VP pass (NP (NP a statute) (VP barring (NP flag desecration))) (PP-TMP before (S-NOM (NP-SBJ *-2) (VP voting (PP-CLR on (NP the constitutional change))))))))))) .)) (TOP (S (NP-SBJ Mr. Bush) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP allow (S (NP-SBJ the bill) (VP to (VP become (NP-PRD law) (PP without (NP his signature))))) , (SBAR-PRP because (S (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ only a constitutional amendment) (VP can (VP protect (NP the flag) (ADVP-MNR adequately))))))))))))) .)) (TOP (S (PP-TMP In (NP June)) , (NP-SBJ-4 the Supreme Court) (VP threw (PRT out) (NP (NP the conviction) (PP of (NP (NP a Texas man) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP set (S (NP-SBJ a flag) (ADVP-PRD afire)) (PP-TMP during (NP a 1984 demonstration)))))))) , (S-ADV (NP-SBJ *-4) (VP saying (SBAR 0 (S (NP-SBJ he) (VP was `` (VP engaging (PP-CLR in (NP (NP political expression) '' (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP is (VP protected (NP *-1) (PP by (NP-LGS the First Amendment))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP think (SBAR 0 (S (NP-SBJ you) (VP have (NP stress-related problems) (PP-LOC on (NP the job)))))))) , (NP-SBJ there) (VP 's (NP-PRD (NP good news) and (NP bad news))) .)) (TOP (S (S (NP-SBJ You) (VP 're (ADVP probably) (ADJP-PRD right))) , and (S (NP-SBJ you) (VP are n't (ADJP-PRD alone))) .)) (TOP (S (NP-SBJ (NP A new Gallup Poll study) (VP commissioned (NP *) (PP by (NP-LGS (NP the New York Business Group) (PP on (NP Health)))))) , (VP found (SBAR that (S (NP-SBJ (NP a full 25 %) (PP of (NP the work force)) (PP-LOC at (NP companies))) (VP may (VP suffer (PP-CLR from (NP (NP anxiety disorders) or (NP a stress-related illness))) , (PP with (S-NOM (NP-SBJ (QP about 13) %) (VP suffering (PP-CLR from (NP depression)))))))))) .)) (TOP (S (NP-SBJ The study) (VP surveyed (NP (NP a national group) (PP of (NP (NP medical directors) , (NP personnel managers) and (NP employee assistance program directors)))) (PP-CLR about (NP (NP their perceptions) (PP of (NP (NP these problems) (PP-LOC in (NP their companies))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP one) (PP of (NP (NP a series) (PP of (NP (NP studies) (PP on (NP health)) (VP commissioned (NP *) (PP by (NP-LGS (NP the New York Business Group) , (NP (NP a non-profit organization) (PP with (NP (QP about 300) members)))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 The stress study) (VP was (VP undertaken (NP *-1) (SBAR-PRP because (S (NP-SBJ (NP problems) (ADJP related (PP to (NP stress)))) `` (VP are (ADJP-PRD (ADJP (ADVP much more) prevalent) (SBAR than (S (NP-SBJ they) (VP seem (ADJP *?*))))))))))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Leon J. Warshaw) , (NP (NP executive director) (PP of (NP the business group)))) .)) (TOP (S (PP-LOC In (S-NOM (NP-SBJ *-1) (VP presenting (NP the study)))) (NP-TMP late last week) , (NP-SBJ-1 Dr. Warshaw) (VP estimated (SBAR 0 (S (NP-SBJ (NP the cost) (PP of (NP (NP these types) (PP of (NP disorders)))) (PP to (NP business))) (VP is (ADJP-PRD substantial))))) .)) (TOP (S (NP-SBJ (NP Occupational disability) (ADJP related (PP to (NP anxiety , depression and stress)))) (VP costs (NP (NP (QP about $ 8,000) *U*) (NP-ADV a case)) (PP in (NP (NP terms) (PP of (NP (NP worker 's) compensation))))) .)) (TOP (S (PP In (NP (NP terms) (PP of (NP (NP days) (VP lost (NP *)) (PP-LOC on (NP the job)))))) , (NP-SBJ the study) (VP estimated (SBAR that (S (NP-SBJ each affected employee) (VP loses (NP (NP (QP about 16) work days) (NP-ADV a year)) (PP-PRP because of (NP stress , anxiety or depression)))))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ (NP the cost) (PP for (NP stress-related compensation claims))) (VP is (NP-PRD (NP (QP about twice) the average) (PP for (NP all injury claims))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 We) (VP hope (S (NP-SBJ *-1) (VP to (VP sensitize (S (NP-SBJ employers) '' (VP to (VP recognize (NP the problems)))) (SBAR-PRP so (S (NP-SBJ they) (VP can (VP do (NP something) (PP-CLR about (NP them))))))))))) , (NP-SBJ Dr. Warshaw) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Early intervention) (PP into (NP (NP these types) (PP of (NP problems))))) (VP can (ADVP apparently) (VP save (NP-BNF businesses) (NP (NP long-term expense) (VP associated (NP *) (PP-CLR with (NP (NP hospitalization) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP sometimes) (VP results (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ these problems) (VP go (ADJP-PRD untreated) (PP-TMP for (NP too long)) (ADVP-TMP *T*-2))))))))))))) .)) (TOP (S (NP-SBJ-1 Even the courts) (VP are (VP beginning (S (NP-SBJ *-1) (VP to (VP recognize (NP (NP the link) (PP between (NP (NP jobs) and (NP stress-related disorders)))) (PP-LOC in (NP compensation cases))))) , (PP according (PP to (NP (NP a survey) (PP by (NP (NP the National Council) (PP on (NP Compensation Insurance))))))))) .)) (TOP (S But (SBAR-ADV although (S (NP-SBJ (NP 56 %) (PP of (NP (NP the respondents) (PP-LOC in (NP the study))))) (VP indicated (SBAR that (S (NP-SBJ mental-health problems) (VP were (ADJP-PRD fairly pervasive) (PP-LOC in (NP the workplace)))))))) , (NP-SBJ there) (VP is (ADVP-TMP still) (NP-PRD (NP a social stigma) (VP associated (NP *) (PP-CLR with (NP (NP people) (VP seeking (NP help))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP The disorders) , (SBAR (WHNP-2 which) (S (ADVP-TMP (NP 20 years) ago) (NP-SBJ *T*-2) (VP struck (NP (ADJP middle-age and older) people))))) , `` (ADVP-TMP now) (VP strike (NP (NP people) (PP-LOC at (NP (NP the height) (PP of (NP productivity))))))) , '' (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Robert M.A. Hirschfeld) , (PP of (NP (NP the National Institute) (PP of (NP Mental Health)))) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP spoke (PP-LOC at (NP (NP the presentation) (PP of (NP (NP the study 's) findings)))))))) .)) (TOP (S (NP-SBJ The poll) (VP showed (SBAR that (S (NP-SBJ company size) (VP had (NP (NP a bearing) (PP on (NP (NP (NP a manager 's) view) (PP of (NP the problem)))))))) , (PP with (S-NOM (S (NP-SBJ (NP 65 %) (PP of (NP (NP those) (PP-LOC in (NP (NP companies) (PP of (NP (QP more than 15,000) employees))))))) (VP saying (SBAR 0 (S (NP-SBJ stress-related problems) (VP were `` (ADJP-PRD fairly pervasive) ''))))) and (S (NP-SBJ (NP 55 %) (PP of (NP (NP those) (PP-LOC in (NP (NP companies) (PP with (NP (QP fewer than 4,000) employees))))))) (VP agreeing))))) .)) (TOP (S (NP-SBJ The poll) (ADVP also) (VP noted (NP (NP fear) (PP of (NP a takeover))) (PP-CLR as (NP (NP a stress-producing event) (PP-LOC in (NP larger companies))))) .)) (TOP (S (NP-SBJ (QP More than eight in 10) respondents) (VP reported (NP (NP such a stress-provoking situation) (PP-LOC in (NP their company)))) .)) (TOP (S (NP-SBJ-1 Mid-sized companies) (VP were (VP (ADVP-MNR most) affected (NP *-1) (PP by (NP-LGS (NP talk) (PP of (NP (NP layoffs) or (NP plant closings))))))) .)) (TOP (S (NP-SBJ (NP The study) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP received (NP funding) (PP-CLR from (NP (NP Upjohn Co.) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP makes (NP (NP several drugs) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP treat (NP stress-related illnesses)))))))))))))) ,) (ADVP also) (VP found (SBAR 0 (S (NP-SBJ (NP 47 %) (PP of (NP the managers))) (VP said (SBAR 0 (S (NP-SBJ stress , anxiety and depression) (VP contribute (PP-CLR to (NP decreased production))))))))) .)) (TOP (S (NP-SBJ-1 (NP Alcohol and substance abuse) (PP as (NP (NP a result) (PP of (NP stress-related problems))))) (VP was (VP cited (NP *-1) (PP by (NP-LGS (NP 30 %) (PP of (NP (NP those) (VP polled (NP *)))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Dr. Warshaw) (VP points (PRT out) (SBAR that (S (NP-SBJ stress and anxiety) (VP have (NP their positive uses))))))) , `` (NP-SBJ (NP stress) (VP perceived (S (NP-SBJ *) (VP to (VP be (ADJP-PRD threatening)))))) (VP implies (NP (NP a component) (PP of (NP fear and anxiety)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP may (VP contribute (PP-CLR to (NP burnout)))))))) . '')) (TOP (S (NP-SBJ He) (ADVP also) (VP noted (SBAR that (S (NP-SBJ (NP various work environments) , (PP such as (NP night work)) ,) (VP have (NP their own `` stressors))))) . '')) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ We) all (VP like (NP stress))) , but (S (NP-SBJ there) (VP 's (NP-PRD a limit)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Paul D'Arcy) , (PP of (NP (NP Rohrer , Hibler & Replogle) , (NP a corporate psychology and management consulting firm)))) .)) (TOP (S-1 (NP-SBJ The problem) (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Mr. D'Arcy) , (NP a psychologist) ,))) (VP is (SBAR-PRD that `` (S (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (ADJP-PRD very hard) (S-2 (NP-SBJ *) (VP to (VP get (NP (NP any hard measures) (PP on (SBAR-NOM (WHADVP-3 how) (S (NP-SBJ stress) (VP affects (NP job performance) (ADVP-MNR *T*-3))))))))))))) .)) (TOP (S-HLN (PP-PRP For (NP Cheap Air Fares)) , (NP-SBJ-1 *) (VP Spend (NP Christmas) (S-CLR (NP-SBJ *-1) (ADVP-PRD Aloft))))) (TOP (S (NP-SBJ (NP IT) (SBAR *ICH*-1)) (VP IS N'T (ADJP-PRD TRUE) (SBAR-1 that (S (NP-SBJ-2 (NP a (ADJP 90-year old) clergyman) (PP on (NP (NP a mission) (PP of (NP mercy)) (PP to (NP a disaster area)) (PP-TMP on (NP Christmas Day))))) (VP can (VP fly (S-CLR (NP-SBJ *-2) (ADJP-PRD free))))))) .)) (TOP (S But (NP-SBJ his circumstances) (VP are (PP-LOC-PRD among (NP (NP the few) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP can (VP qualify (PP-CLR for (NP (NP the handful) (PP of (NP (NP (ADJP really cheap) airline tickets) (VP remaining (PP-LOC-CLR in (NP America)))))))))))))) .)) (TOP (S (PP-TMP In (NP recent years)) , (NP-SBJ carriers) (VP have (VP become (ADJP-PRD (ADVP much more) picky (PP about (SBAR-NOM (WHNP-1 who) (S (NP-SBJ *T*-1) (VP can (VP fly (PP on (NP the cheap)))))))))) .)) (TOP (S But (NP-SBJ there) (ADVP-TMP still) (VP are (NP-PRD (NP a few ways) (SBAR (WHADVP-1 0) (S (NP-SBJ (NP today 's) traveler) (VP can (VP qualify (PP-LOC under (NP (NP the airline 's) many restrictions)) (ADVP-MNR *T*-1))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP the best deals))) , (ADVP though) , (VP may (VP mean (S (NP-SBJ *) (VP skipping (NP (NP Christmas dinner) (PP with (NP the relatives))))))) .)) (TOP (S (NP-TMP This week) , (NP-SBJ many carriers) (VP are (VP announcing (NP (NP cut-rate fares) (VP designed (S-CLR (NP-SBJ *) (VP to (VP get (S (NP-SBJ people) (VP to (VP fly (PP-TMP on (NP (NP some) (PP of (NP (NP the (ADJP (ADJP most hallowed) -- and (ADJP slowest) --) days) (PP of (NP the year)) , (PP including (NP Christmas)))))))))))))))) .)) (TOP (S (PP-TMP In (NP recent years)) , (NP-SBJ-1 the airlines) (VP had (VP waited (PP-TMP until (NP the last moment)) (S-CLR (NP-SBJ *-1) (VP to (VP court (NP Christmas season vacationers) (PP with (NP bargain fares))))))) .)) (TOP (S (S (NP-SBJ That approach) (VP flopped)) : (S (NP-TMP Last Christmas Day) , (NP-SBJ a USAir Group Inc. DC-9 jetliner) (VP flew (NP (QP about seven) passengers) (PP-DIR from (NP Chicago)) (PP-DIR to (NP Pittsburgh)))) .)) (TOP (S So (NP-TMP this year) , (NP-SBJ the airlines) (VP are (VP getting (NP (NP a jump) (PP on (NP holiday discounts))))) .)) (TOP (S (NP-SBJ They) (VP are (VP cutting (NP ticket prices) (PP-EXT by (NP (QP as much as 70) %)) (PP-CLR from (NP normal levels)) (PP for (NP (NP travel) (PP to (NP most U.S. locations)) (PP-TMP on (NP (NP Dec. 24 , 25 , 29 , 30 and 31) , and (NP Jan. 4 , 5 and 6))))))) .)) (TOP (S (NP-SBJ (NP The promotions) -- (VP dubbed (S (NP-SBJ *) (NP-PRD (NP everything) (PP (PP from (S (NP-SBJ 'T-) (VP is (NP-PRD (NP the Season) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP be (ADJP-PRD Jolly) (ADVP-TMP *T*-1))))))))) (PP to (NP Kringle fares)))))) --) (VP put (NP round-trip fares) (PP-CLR at (NP (NP $ 98 *U*) , (NP $ 148 *U*) and (NP $ 198 *U*)))) .)) (TOP (SINV `` (S-TPC (NP-SBJ-1 They) (VP 're (VP trying (S (NP-SBJ *-1) (VP to (VP keep (S (NP-SBJ planes) (VP flying (PP-TMP on (NP (NP days) (SBAR (WHADVP-2 0) (S (NP-SBJ they) (VP 'd (ADVP normally) (VP park (NP them) (ADVP-TMP *T*-2))))))))))))))) , '' (VP says) (NP-SBJ (NP Roger Bard) , (NP (NP president) (PP of (NP (NP Mr. Mitchell Travel Service) (PP-LOC in (NP (NP Burnsville) , (NP N.C))))))) .)) (TOP (S (NP-SBJ *) (VP Expect , (PP of (NP course)) , (NP (NP sky-high prices) (PP-TMP on (NP (NP other dates) (PP-TMP near (NP the holidays)) (SBAR (WHADVP-2 when) (S (NP-SBJ the airlines) (VP know (SBAR 0 (S (NP-SBJ-1 vacationers) (VP are (ADJP-PRD eager (S (NP-SBJ *-1) (VP to (VP travel)))) (ADVP-TMP *T*-2))))))))))) .)) (TOP (S-HLN (NP-SBJ-1 *) (VP Consider (S (NP-SBJ *-1) (VP Adopting (NP (NP Your Spouse 's) Name)))))) (TOP (S (SBAR-ADV IF (S (NP-SBJ CONTINENTAL Airlines) (VP has (NP its way)))) , (NP-SBJ (NP couples) (PP like (NP (NP Marlo Thomas) and (NP Phil Donahue)))) (VP may (VP find (S (NP-SBJ (NP it) (S *EXP*-1)) (NP-PRD a hassle) (S-1 (NP-SBJ *) (VP to (VP qualify (PP-CLR for (NP some new discounts)))))))) .)) (TOP (S (NP-SBJ (NP Continental) , (NP a Texas Air Corp. unit) ,) (ADVP-TMP recently) (VP unveiled (NP (NP a marketing program) (VP offering (NP free companion tickets) (PP-CLR to (NP (NP (ADJP business-class and first-class) passengers) (PP-LOC on (NP international flights))))))) .)) (TOP (NP (NP The Continental catch) : (S (S (NP-SBJ-1 Only immediate family members) (VP are (VP allowed (NP *-1)))) , and (S (NP-SBJ they) (VP must (VP have (NP (NP (NP the same last name) (PP as (NP (NP the buyer) (PP of (NP the ticket))))) or (NP legal proof (SBAR 0 (S (NP-SBJ they) (VP 're (ADJP-PRD related)))))))))) .)) (TOP (S (NP-SBJ That) (VP irritates (NP (NP many women) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have n't (VP taken (NP (NP their husbands ') last name))))))) .)) (TOP (SINV `` (FRAG-TPC-1 (SBAR (WHNP What) (FRAG (NP (NP a bunch) (PP of (NP nonsense)))))) , '' (VP says (FRAG *T*-1)) (NP-SBJ (NP Jessica Crosby) , (NP (NP president) (PP of (NP (NP the New York chapter) (PP of (NP (NP the National Association) (PP of (NP Women Business Owners)))))))) .)) (TOP (S `` (NP-SBJ This) (VP sets (NP things) (ADVP-CLR way back)) . '')) (TOP (NP (NP (NP Continental 's) logic) : (S (NP-SBJ It) (VP does n't (VP want (S (NP-SBJ-2 business companions) (VP abusing (NP the promotion) (PP-MNR by (S-NOM (NP-SBJ-3 *-2) (VP (ADVP-MNR falsely) claiming (S (NP-SBJ-1 *-3) (VP to (VP be (ADJP-PRD related)))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 We) (VP accommodate (NP (NP their choice) (PP of (NP names))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP allowing (S (NP-SBJ them) (VP to (VP demonstrate '' (NP family affiliation) (PP with (NP legal documents)))))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Jim O'Donnell) , (NP a senior vice president)) .)) (TOP (S But (NP-SBJ gay rights advocates) (VP are (ADJP-PRD angry) , (ADVP too)) .)) (TOP (S (NP-SBJ (NP The Lambda Legal Defense and Education Fund) (PP of (NP New York City))) (VP has (VP received (NP complaints) (PP-DIR from (NP (NP homosexual couples) (SBAR (WHNP-1 whom) (S (NP-SBJ the airline) (VP does n't (VP recognize (NP *T*-1) (PP-CLR as (NP family)))))))))) .)) (TOP (SINV `` (S-TPC (NP-SBJ It) (VP 's (ADVP certainly) (NP-PRD discrimination))) , '' (VP says) (NP-SBJ (NP attorney Evan Wolfson) , (SBAR (WHNP-1 whose group) (S (NP-SBJ *T*-1) (VP forced (NP-SBJ-3 Trans World Airlines) (NP-TMP this year) (S (NP-SBJ *ICH*-3) (VP to (VP change (NP (NP a rule) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP allowed (S (NP-SBJ travelers) (VP to (VP transfer (NP frequent flier awards) (PP-DIR (ADVP only) to (NP family members)))))))))))))))) .)) (TOP (S-HLN (NP-SBJ *) (VP Take (NP Your Vacation) (PP-LOC In (NP a Hurricane Area))))) (TOP (S (SBAR-TMP (WHADVP-1 WHEN) (S (NP-SBJ HURRICANE Hugo) (VP careened (PP-DIR through (NP (NP the Caribbean) and (NP the Atlantic coast states))) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP (VP downed (NP (UCP electric and telephone) lines)) , (VP shot (NP coconuts) (PP-DIR through (NP cottage rooftops))) , (VP shattered (NP windows)) and (VP uprooted (NP (NP thousands) (PP of (NP lives))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP lowered (NP some air fares)) .)) (TOP (S (PP-TMP Since (NP the hurricane)) , (NP-SBJ (NP Midway Airlines Inc.) and (NP (NP American Airlines) , (NP (NP a unit) (PP of (NP AMR Corp.))) ,)) (VP trimmed (NP (NP their one-way fares) (PP to (NP the Virgin Islands))) (PP-CLR to (NP $ 109 *U*)) (PP-CLR from (NP (NP prices) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP were (PP-TMP at (NP times)) (NP-PRD double that) (PP-TMP before (NP the storm)))))))) .)) (TOP (S (NP-SBJ-1 The fares) (VP are (VP code-named (S (NP-SBJ *-1) (NP-PRD (NP Hugo) , (NP Compassion) and (NP Virgin Islands Aid))))) .)) (TOP (S -LRB- (S (NP-SBJ Airlines) (VP are n't (VP lowering (NP (NP fares) (PP to (NP Northern California))) (PP-TMP following (NP (NP this week 's) earthquake))))) , but (S (NP-SBJ reservation agents) (VP can (VP waive (NP (NP advance-purchase restrictions) (PP-LOC on (NP discount fares))) (PP-PRP for (NP emergency trips))))) . -RRB-)) (TOP (S (NP-SBJ (NP Some hotels) (PP-LOC in (NP the hurricane-stricken Caribbean))) (VP promise (NP money-back guarantees)) .)) (TOP (S (PP-LOC In (NP (NP Myrtle Beach) , (NP S.C.) ,)) (NP-SBJ the damaged Yachtsman Resort) (VP offers (NP (NP daily rates) (UCP (ADJP (ADJP as low) (PP as (NP $ 35 *U*))) , or (PP-LOC (NP (QP as much as 22) %) below (NP regular prices))))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ (NP Michele Hoffman) , (NP (NP a clerk) (PP-LOC in (NP (NP the resort 's) front office)))) : `` (S-1 (S (NP-SBJ We) (VP do n't (VP have (NP (NP the outdoor pool) , (NP the (NX (NX pool table) , (NX ping pong table) , (NX snack bar) or (NX VCR))) ,)))) but (S (NP-SBJ we) (ADVP-TMP still) (VP have (NP the (NX (NX indoor pool) and (NX Jacuzzi)))))) . '')) (TOP (S (NP-SBJ *) (ADVP Just) (VP Wait (SBAR-TMP Until (S (NP-SBJ You) (VP 're (ADJP-PRD (NP a Bit) Older))))))) (TOP (S (NP-SBJ SENIOR CITIZENS) (VP have (ADVP-TMP long) (VP received (NP cheap air fares))) .)) (TOP (FRAG (NP-TMP This year) , (SBAR-ADV (X the older) (S (NP-SBJ someone) (VP is (ADJP-PRD *?*)))) (X the bigger) (NP the discount) .)) (TOP (S (NP-SBJ (NP A senior citizen) (PP between (NP 62 and 70))) (VP saves (NP (NP 70 %) (PP off (NP regular coach fare)))) .)) (TOP (S (NP-SBJ (NP Travelers) (PP up (PP to (NP age 99)))) (VP get (NP (NP a percentage discount) (VP matching (NP their age)))) .)) (TOP (S And (NP-SBJ centenarians) (VP fly (ADVP-CLR free) (PP-LOC in (NP first class))) .)) (TOP (S (NP-TMP Next month) (PRN , (S (NP-SBJ Northwest Airlines) (VP says)) ,) (NP-SBJ-1 a 108-year-old (NAC-LOC Lansing , Mich. ,) woman) (VP is (VP taking (NP it) (PRT up) (PP on (NP the offer)) (S-PRP (NP-SBJ *-1) (VP to (VP fly (PP with (NP her 72-year-old son)) (PP-DIR to (NP (NP Tampa) , (NP Fla)))))))) .)) (TOP (S (NP-TMP Last year) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Northwest) (ADVP-TMP first) (VP offered (NP the promotion) (ADVP-TMP *T*-1)))) , (NP-SBJ only six centenarians) (VP flew (ADVP-CLR free)) .)) (TOP (S-HLN (SBAR-ADV If (S (NP-SBJ All Else) (VP Fails))) ... .)) (TOP (S (NP-SBJ THE NATION'S carriers) (ADVP also) (VP provide (NP discounts) (PP-DTV to (NP (NP Red Cross workers) , (NP retired military personnel) and (NP medical students)))) .)) (TOP (S (NP-SBJ There) (VP 's (ADVP even) (NP-PRD (NP a special fare) (PP for (NP clergy)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP does n't (VP require (NP (NP the usual stay) (PP-TMP over (NP Saturday night))))))))) .)) (TOP (S (NP-MNR That way) , (NP-SBJ they) (VP can (VP be (NP-LOC-PRD home) (PP-TMP in (NP (NP time) (PP-PRP for (NP (NP work) (NP-TMP Sunday))))))) .)) (TOP (S (NP-SBJ The British Petroleum Co. PLC) (VP said (SBAR 0 (S (NP-SBJ its BP Exploration unit) (VP has (VP produced (NP (NP the first oil) (PP from (NP (NP its Don oilfield) (PP-LOC in (NP the North Sea)))))))))) .)) (TOP (S (PP-LOC In (NP an official release)) , (NP-SBJ BP) (VP said (SBAR (SBAR 0 (S (NP-SBJ (NP initial production) (PP from (NP the field))) (VP was (NP-PRD (NP 11,000 barrels) (NP-ADV a day))))) , and (SBAR that (S (NP-SBJ it) (VP expects (S (NP-SBJ-2 (NP peak output) (PP from (NP the field)) (PP of (NP (NP 15,000 barrels) (NP-ADV a day)))) (VP to (VP be (VP reached (NP *-2) (PP-TMP in (NP 1990))))))))))) .)) (TOP (S (PP As (NP (NP the sponsor) (PP of (NP (NP the `` (NX-TTL Older Americans (NAC Freedom (PP to (NP Work))) Act)) , '' (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP repeal (NP (NP the Social Security earnings limit) (PP for (NP (NP people) (VP aged (NP *) (UCP-CLR (NP 65) and (ADJP older)))))))))))))) , (NP-SBJ I) (VP applaud (NP (NP your strong endorsement) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP repeal (NP this Depression-era fossil))))))) .)) (TOP (S (S (PP For (NP (NP every dollar) (VP earned (NP *)) (PP-LOC over (NP $ 8,880 *U*)))) , (NP-SBJ Social Security recipients) (VP lose (NP (NP 50 cents) (PP of (NP their Social Security benefits))))) ; (S (NP-SBJ it) (VP 's (PP-PRD like (NP a (ADJP 50 %) marginal tax)))) .)) (TOP (S But (NP-SBJ (NP the compounded effects) (PP of (NP `` seniors only '' taxes))) (VP result (PP-CLR in (NP (ADJP truly catastrophic) marginal tax rates))) .)) (TOP (S (NP-SBJ *) (VP Imagine (NP (NP a widow) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP wants (S (NP-SBJ *-3) (VP to (VP maintain (NP (NP her standard) (PP of (NP living))) (PP-LOC-CLR at (NP (NP the same level) (SBAR (WHNP-2 0) (S (NP-SBJ she) (VP had (NP *T*-2) (SBAR-TMP before (S (NP-SBJ-4 she) (VP had (S (NP-SBJ *-4) (VP to (VP pay (NP the catastrophic surtax)))))))))))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ this widow) (VP earns (NP (QP only twice) the minimum wage) , (PP-PRP (ADVP largely) due (PP to (NP the earnings limit)))))) , (NP-SBJ-1 she) (VP would (VP have (S (NP-SBJ-2 *-1) (VP to (VP earn (NP an additional $ 4,930 *U*) (S-PRP (NP-SBJ *-2) (VP to (VP offset (NP (NP her catastrophic surtax) (PP of (NP $ 496 *U*))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Eliminating (NP the earnings limit))) (VP would (VP (VP (ADVP-MNR greatly) help (NP seniors)) and (VP reduce (NP the deficit)))) .)) (TOP (S (NP-SBJ Repeal) (VP would (VP generate (NP (NP more) (PP-LOC in (NP new taxes)) (SBAR than (S (NP-SBJ the government) (VP would (VP lose (NP *?*) (PP-LOC in (NP increased Social Security benefit payments))))))))) .)) (TOP (S (NP-SBJ-1 We) (ADVP-TMP now) (VP need (NP (NP support) (PP from (NP (NP the Democrats) (PP-LOC on (NP the Rules Committee))))) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP include (NP earnings-limit reform) (PP-LOC-CLR in (NP the Reconciliation Bill))))))) .)) (TOP (S-CLF (SBAR-PRP Since (S (NP-SBJ (NP (QP all four) Republicans) (PP-LOC on (NP the committee))) (VP are (NP-PRD (NP co-sponsors) (PP of (NP my bill)))))) , (NP-SBJ it) (VP is (NP-PRD the Democrats) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP held (S (NP-SBJ *-1) (ADJP-PRD fully accountable)) (SBAR-ADV if (S (NP-SBJ-3 (NP an earnings test amendment) (PP *ICH*-4)) (VP is not (VP allowed (NP *-3) (PP-4 from (NP the floor)))))))))))) .)) (TOP (S (NP-SBJ (NP The time) (SBAR *ICH*-2)) (VP is (ADVP-TMP-PRD now) (SBAR-2 (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP lift (NP the burdensome Social Security earnings limit) (PP-DIR from (NP (NP the backs) (PP of (NP (NP our nation 's) seniors)))) (ADVP-TMP *T*-1)))))) .)) (TOP (NP (NP Rep. J. Dennis Hastert) (PRN -LRB- (NP R.) , (NP-LOC Ill) . -RRB-))) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ (NP his Seventh Avenue fur business) (ADVP-LOC here)) (VP was (VP flying (ADVP-CLR high) (ADVP-TMP (NP 20 years) ago) (ADVP-TMP *T*-1))))) , (NP-SBJ Jack Purnick) (VP had (NP (NP 25 workers) and (NP a large factory))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ his half-dozen employees) (VP work (PP-LOC in (NP (NP an eighth-floor shop) (SBAR (WHNP-1 that) (S (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ *T*-1) (VP is (ADJP-PRD (ADJP smaller) (PP than (NP his old storage room)))))))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP says (SBAR 0 (S (NP-SBJ he) (VP is (VP losing (NP money) (ADVP-TMP now)))))) .)) (TOP (S (NP-SBJ He) (VP blames (NP imports)) .)) (TOP (S But (ADVP-LOC just down (NP (NP Seventh Avenue) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 (NP (QP about 75) %) (PP of (NP U.S. fur garments))) (VP are (VP made (NP *-1) (ADVP-LOC *T*-2))))))) , (NP-SBJ Larry Rosen) (VP has (VP (VP acquired (NP two retail outlets)) , (VP broadened (NP his fur-making line)) and (VP expanded (PP-DIR into (NP leather))))) .)) (TOP (S (NP-SBJ He) (VP credits (NP imports)) .)) (TOP (S (NP-SBJ The difference) (VP lies (PP-LOC-CLR in (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ the two entrepreneurial furriers) (VP reacted (PP-CLR to (NP the (NX (NX foreign competition) and (NX (NX transformation) (PP of (NP their industry)) (PP-TMP over (NP the past 10 years)))))) (ADVP-MNR *T*-1)))))) .)) (TOP (S (NP-SBJ One) (VP stuck (PP-CLR to (NP old-line business traditions)) , (SBAR-TMP while (S (NP-SBJ the other) (VP embraced (NP the change))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ The small , good fur salon) (VP is not (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ-2 it) (VP used (S (NP-SBJ *-2) (VP to (VP be (NP-PRD *T*-1))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Mr. Purnick) , (ADJP (NP 75 years) old)) .)) (TOP (S `` (S (NP-SBJ We) (VP make (NP (NP the finest product) (PP-LOC in (NP the world))))) , and (S (NP-SBJ-1 the Americans) (VP are (VP being (VP kicked (ADVP-CLR around) (NP *-1))))) . '')) (TOP (S (NP-SBJ Mr. Rosen) , (ADVP though) , (VP believes (SBAR 0 (S (NP-SBJ imports) (VP have (VP reinvigorated (NP (NP the industry) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ he) (VP has (VP worked (PP-TMP for (NP (NP most) (PP of (NP his 57 years)))) (PP-LOC *T*-1))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ You) (VP 've (VP got (NP (NP some minds) (ADVP-LOC here) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP wo n't (VP think (ADVP-MNR progressively))))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ (NP Import competition) (PP for (NP U.S. furs))) (VP has (VP risen (ADVP-MNR sharply) (SBAR-TMP since (S (NP-SBJ-1 furriers) (VP started (S (NP-SBJ *-1) (VP (ADVP-MNR aggressively) marketing (NP `` (NP working-girl mink) '' and (NP similar lower-priced imported furs)))) (PP-TMP in (NP recent years))))))) .)) (TOP (S (NP-SBJ Merchants) (VP discovered (NP (NP (NP a consumer) (VP (ADVP-MNR largely) ignored (NP *) (PP by (NP-LGS higher-priced furriers)))) : (NP (NP the younger woman) -- (PP-TMP (ADVP even) in (NP her late 20s)) -- (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP never) (VP thought (SBAR 0 (S (NP-SBJ she) (VP could (VP buy (NP a mink))))))))))) .)) (TOP (S (NP-SBJ The new market) (VP helped (VP boost (NP U.S. fur sales) (PP-DIR to (NP (NP (NP (QP about $ 1.8 billion) *U*) (NP-ADV a year) (ADVP-TMP now)) , (NP (NP triple the level) (PP-TMP in (NP the late 1970s))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP opened (NP (NP the door) (PP to (NP (NP furs) (VP made (NP *) (PP-LOC in (NP (NP South Korea) , (NP China) , (NP Hong Kong) and (NP other countries)))))))) .)) (TOP (S (NP-SBJ (NP Jindo Furs) , (NP a large (ADJP South Korean) maker) ,) (VP says (SBAR 0 (S (NP-SBJ-1 it) (VP (VP operates (NP 35 retail outlets) (PP-LOC in (NP the U.S.))) and (VP plans (S (NP-SBJ *-1) (VP to (VP open (NP 15 more) (PP-TMP by (NP (NP the end) (PP of (NP next year)))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Purnick) and (NP other old-line furriers)) (VP call (S (NP-SBJ (NP many) (PP of (NP the the imports))) (ADJP-PRD (ADJP unstylish) and (ADJP poorly made)))) .)) (TOP (S (NP-SBJ High-end U.S. furriers) (VP say (SBAR 0 (S (NP-SBJ these imports) (VP have n't (VP squeezed (NP them)))))) .)) (TOP (S But (NP-SBJ (NP (ADJP low-priced and middle-priced) furriers) (PP like (NP (NP Mr. Purnick) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP once) (VP saturated (NP the five-block Seventh Avenue fur district)))) ,))) (VP say (SBAR 0 (S (NP-SBJ imports) (VP have (VP cut (NP their sales)))))) .)) (TOP (S (NP-SBJ (NP A woman) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (ADVP-TMP once) (VP would (VP have (VP saved (PP-TMP for (NP (QP two or three) seasons)) (S-PRP (NP-SBJ *-2) (VP to (VP buy (NP a U.S.-made mink)))))))))) (VP can (ADVP-TMP now) (VP get (NP an imported mink) (ADVP-TMP right away) (PP-CLR for (NP (QP less than $ 2,000) *U*)))) .)) (TOP (S Yet (NP-SBJ Mr. Rosen) (VP has (VP turned (NP the import phenomenon) (PP-CLR to (NP his advantage)))) .)) (TOP (S (ADVP-TMP Early (PP in (NP the decade))) (NP-SBJ he) (VP saw (SBAR that (S (NP-SBJ-1 (NP fur workers) (PP-LOC in (NP many foreign countries))) (VP (VP were (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP work (NP longer hours) (PP at (NP (NP lower wages) (PP than (NP their American counterparts))))))))) and (VP were (ADJP-PRD more open (PP to (NP innovation)))))))) .)) (TOP (S (PP-TMP In (NP 1982)) , (NP-SBJ he) (VP started (NP a factory) (PP-LOC in (NP Greece))) .)) (TOP (S (ADVP-TMP (NP Two years) later) , (NP-SBJ he) (VP opened (NP one) (PP-LOC in (NP West Germany))) .)) (TOP (S (S (NP-SBJ He) (ADVP also) (VP noticed (SBAR that (S (NP-SBJ foreign makers) (VP were (VP introducing (NP (NP many variations) (PP on (NP the traditional fur))))))))) , and (S (NP-SBJ-1 he) (VP decided (S (NP-SBJ *-1) (VP to (VP follow (NP suit)))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP combining (NP (NP his strengths) (PP-LOC in (NP (NP innovation) and (NP quality control)))) (PP-CLR with (NP (NP the lower costs) (PP of (NP production abroad))))))) , (NP-SBJ-1 he) (VP says (SBAR 0 (S (NP-SBJ-2 he) (VP has (VP been (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP produce (NP high-quality goods) (PP at (NP low cost))))))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP (VP maintain (NP (NP control) (PP over (NP production)))) and (VP avoid (NP (NP overdependence) (PP on (NP foreign sources))))))) , (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ he) (ADVP-TMP still) (VP makes (NP (NP most) (PP of (NP his furs))) (PP-LOC in (NP the U.S)))))) .)) (TOP (S But (ADVP-TMP (NP six years) ago) (NP-SBJ-1 he) (ADVP also) (VP began (S (NP-SBJ *-1) (VP importing (PP-DIR from (NP the Far East))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Inspired (NP *-2) (PP by (NP-LGS imports)))) , (NP-SBJ-1 Mr. Rosen) (ADVP-TMP now) (VP makes (NP fur muffs , hats and flings)) .)) (TOP (S (NP-TMP This year) (NP-SBJ he) (VP (VP produced (NP (NP a men 's) line)) and (VP offers (NP (NP dyed furs) (PP in (NP (NP red) , (NP cherry red) , (NP violet) , (NP royal blue) and (NP forest green)))))) .)) (TOP (S (NP-SBJ He) (VP has (NP (NP leather jackets) (PP from (NP Turkey)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP are (VP (VP lined (NP *-2) (PP-CLR with (NP eel skin))) and (VP topped (NP *-2) (ADVP-CLR off) (PP-CLR with (NP raccoon-skin collars))))))))) .)) (TOP (S (PP From (NP Asia)) , (NP-SBJ he) (VP has (NP (NP mink jackets) (PP with (NP floral patterns)) (VP made (NP *) (PP-MNR by (S-NOM (NP-SBJ *) (VP using (NP different colored furs))))))) .)) (TOP (S (ADVP-TMP Next) (NP-SBJ he) (VP will (VP be (VP testing (NP (NP pictured embroidery) (PRN -LRB- (VP called (S (NP-SBJ *) (NP-PRD kalega))) -RRB-) (VP made (NP *) (PP-LOC-CLR in (NP the Far East))))))) .)) (TOP (S (NP-SBJ-1 He) (VP plans (S (NP-SBJ *-1) (VP to (VP attach (NP the embroidery) (PP-CLR to (NP (NP the backs) (PP of (NP mink coats and jackets)))))))) .)) (TOP (S (S-TPC-3 (PP Besides (S-NOM (NP-SBJ *-2) (VP adding (PP-CLR to (NP sales))))) , (NP-SBJ-2 leathers) (ADVP also) (VP attract (NP (NP retailers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP may (VP buy (NP furs) (ADVP-TMP later)))))))) , (NP-SBJ he) (VP adds (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Other furriers) (VP have (ADVP also) (VP benefited (PP-CLR from (NP leathers)))) .)) (TOP (S (NP-SBJ-1 (NP Seymour Schreibman) , (NP (NP the 65-year-old owner) (PP of (NP Schreibman Raphael Furs Inc.))) ,) (VP treats (NP (NP the reverse side) (PP of (NP a Persian lambskin))) (S-PRP (NP-SBJ *-1) (VP to (VP produce (NP a reversible fur-and-leather garment))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ it) (VP accounts (PP-CLR for (NP (NP 25 %) (PP of (NP total sales)))))))) .)) (TOP (S (NP-SBJ Mr. Rosen) (VP is (ADVP also) (VP pushing (NP retail sales))) .)) (TOP (S (NP-TMP This year) (NP-SBJ he) (VP bought (NP (NP two stores) , (NP (NP (NP one) (PP-LOC in (NP Brooklyn))) and (NP (NP one) (PP-LOC in (NP Queens)))))) .)) (TOP (S (NP-SBJ Other furriers) (VP have (ADVP also) (VP placed (NP more weight) (PP-CLR on (NP retailing)))) .)) (TOP (S (S (NP-SBJ-1 Golden Feldman Furs Inc.) (VP began (S (NP-SBJ *-1) (VP retailing (ADVP-MNR aggressively))) (ADVP-TMP (NP eight years) ago))) , and (ADVP-TMP now) (S (NP-SBJ retail sales) (VP account (PP-CLR for (NP (NP (QP about 20) %) (PP of (NP gross income)))))) .)) (TOP (S (PP-LOC In (NP other moves)) , (NP-SBJ Mr. Rosen) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP bought (NP a truck) (ADVP-TMP (NP three years) ago) (S-PRP (NP-SBJ *-1) (VP to (VP reach (NP more retailers)))))))) .)) (TOP (S (PP-TMP Since (NP then)) (NP-SBJ he) (VP (VP has (VP expanded (NP his fleet))) and (VP can (ADVP-TMP now) (VP bring (NP his furs) (PP-DIR to (NP (NP the front door) (PP of (NP (NP retailers) (ADVP-LOC (ADJP as far away) (PP as (NP the Midwest)))))))))) .)) (TOP (S (NP-SBJ (NP Small retailers) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP ca n't (VP afford (S (NP-SBJ *-2) (VP to (VP travel (PP-DIR to (NP his New York showroom)))))))))) (VP have (VP become (NP-PRD fair game))) .)) (TOP (S (NP-SBJ Such moves) (VP have (VP helped (S (NP-SBJ Mr. Rosen) (VP weather (NP (NP the industry slump) (PP of (NP recent years))))))) .)) (TOP (S (S (NP-SBJ The industry) (VP enjoyed (NP (NP six prosperous years) (PP-TMP beginning (PP in (NP 1980)))))) , but (S (PP-TMP since (NP 1986)) (NP-SBJ sales) (VP have (VP languished (PP-LOC at (NP their (ADJP (QP $ 1.8 billion) *U*) peak))))) .)) (TOP (S (NP-SBJ (NP Large furriers) (PP such as (NP (NP Antonovich Inc.) , (NP Fur Vault Inc.) and (NP Evans Inc.)))) all (VP reported (NP losses) (PP-TMP in (NP their latest fiscal years))) .)) (TOP (S (NP-SBJ (NP Aftereffects) (PP of (NP the 1987 stock market crash))) (VP head (NP (NP the list) (PP of (NP reasons)))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ competition) (VP has (VP glutted (NP the market) (PP with (NP both skins and coats)) , (S-ADV (NP-SBJ *) (VP driving (S (NP-SBJ prices) (ADVP-PRD down)))))) .)) (TOP (S (NP-SBJ The animal-rights movement) (VP has n't (VP helped (NP sales))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Warm winters) (PP-TMP over (NP the past two years))) (VP have (VP trimmed (NP demand) , (ADVP too) ,))) (NP-SBJ furriers) (VP complain (SBAR 0 (S *T*-1))) .)) (TOP (S And (NP-SBJ (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP did n't (VP move (NP some production) (ADVP-DIR overseas)))))) (VP suffer (NP labor shortages)) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The intensive labor) (VP needed (NP *) (S-PRP (NP-SBJ *) (VP to (VP manufacture (NP furs) (PRN -LCB- (PP-LOC in (NP the U.S .)) -RCB-)))))) (VP is not (ADJP-PRD (ADJP as available) (SBAR as (S (NP-SBJ it) (VP was (ADJP-PRD *?*))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Schreibman) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP starting (NP overseas production)))))) .)) (TOP (S But (NP-SBJ (NP even those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP found (NP (NP a way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP cope (PP-CLR with (NP (NP the imports) and (NP the slump))) (ADVP-MNR *T*-2))))))))))) , (VP fear (SBAR that (S (NP-SBJ furs) (VP are (VP losing (NP (NP part) (PP of (NP their allure)))))))) .)) (TOP (SINV `` (S-TPC (NP-SBJ People) (VP are (VP (VP promoting (NP furs) (PP-MNR in (NP various ways))) and (VP taking (NP the glamour) (ADVP-CLR out (PP of (NP the fur business))))))) , '' (VP says) (NP-SBJ (NP Stephen Sanders) , (NP (NP divisional merchandise manager) (PP for (NP (NP (NP Marshall Field 's) department store) (PP-LOC in (NP Chicago)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ You) (VP ca n't (VP make (NP a commodity) (ADVP-CLR out (PP of (NP a luxury)))))) , '' (VP insists (S *T*-1)) (NP-SBJ (NP Mr. Purnick) , (NP the New York furrier)) .)) (TOP (S (NP-SBJ He) (VP contends (SBAR that (S (S-NOM-SBJ-1 (NP-SBJ *) (VP chasing (NP consumers) (PP with (NP low-priced imports)))) (VP will (VP harm (NP the industry) (PP-TMP in (NP the long run)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP reducing (NP (NP the prestige) (PP of (NP furs))))))))))) .)) (TOP (S But (NP-SBJ Mr. Rosen) (VP responds : `` (S (SBAR-NOM-TPC-3 (WHNP-2 Whatever) (S (NP-SBJ-1 people) (VP want (S (NP-SBJ *-1) (VP to (VP buy (NP *T*-2))))))) , (NP-SBJ I) (VP 'll (VP sell (SBAR-NOM *T*-3))))) .)) (TOP (S (NP-SBJ (NP The name) (PP of (NP the game))) (VP is (S-PRD (NP-SBJ *) (VP to (VP move (NP goods))))) .)) (TOP (S (S-TPC-3 (S (NP-SBJ-1 (NP Four workers) (PP-LOC at (NP (NP GTE Corp. 's) headquarters))) (VP have (VP been (VP diagnosed (NP-2 *-1) (PP-CLR as (S-NOM (NP-SBJ *-2) (VP having (NP hepatitis)))))))) , and (S (NP-SBJ city health officials) (VP are (VP investigating (SBAR whether (S (NP-SBJ a cafeteria worker) (VP may (VP have (VP exposed (NP (NP hundreds) (PP of (NP other GTE employees))) (PP-CLR to (NP the viral infection))))))))))) , (NP-SBJ company and city officials) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-1 The four cases) (VP were all (VP reported (NP *-1) (PP-CLR to (NP (NP (NP GTE 's) medical director) and (NP (UCP state and local) health authorities))))) .)) (TOP (S (S-TPC-1 (NP-SBJ GTE) (VP shut (ADVP-CLR down) (NP its cafeteria) (NP-TMP Tuesday afternoon) (SBAR-TMP after (S (NP-SBJ testing) (VP determined (SBAR that (S (NP-SBJ (NP (QP at least one) cafeteria worker) (VP employed (NP *) (PP by (NP-LGS (NP (NP GTE 's) private food vending contractor) , (NP ARA Services Inc.) ,)))) (VP was (VP suffering (PP-CLR from (NP (NP a strain) (PP of (NP the virus))))))))))))) , (NP-SBJ officials) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (QP More than 700) people) (VP work (PP-LOC in (NP the GTE building))) .)) (TOP (S (NP-SBJ The cafeteria) (VP remains (ADJP-PRD closed)) .)) (TOP (S (NP-SBJ (NP Dr. Andrew McBride) , (NP city health director) ,) (VP said (SBAR 0 (S (NP-SBJ his staff) (VP suspects (SBAR 0 (S (NP-SBJ-1 (NP the hepatitis) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP can (VP be (ADJP-PRD highly contagious))))) ,) (VP was (VP spread (NP *-1) (PP by (NP-LGS (NP the cafeteria worker) (PP with (NP the virus)))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-3 (NP The exact strain) (PP of (NP hepatitis)) (SBAR (WHNP-1 that) (S (NP-SBJ the cafeteria worker) (VP contracted (NP *T*-1))))) (VP (VP has n't (VP been (VP determined (NP *-3)))) but (VP should (VP be (VP known (NP *-3) (PP-TMP by (NP (NP the end) (PP of (NP the week))))))))) , (NP-SBJ Dr. McBride) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Hepatitis A) , (VP considered (S (NP-SBJ *) (NP-PRD (NP the (ADJP least dangerous) strain) (PP of (NP the virus))))) ,) (VP has (VP been (VP confirmed (NP *-1) (PP-LOC in (NP (QP at least one) GTE employee)))))) , (NP-SBJ company and city officials) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (SINV `` (S-TPC-1 (PP From (NP (NP a public health point) (PP of (NP view)))) (NP-SBJ we) (VP 're (ADJP-PRD relieved) (SBAR-PRP because (S (NP-SBJ hepatitis A) (VP is (ADVP-TMP rarely) (ADJP-PRD life-threatening)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Dr. Frank Provato) , (NP (NP GTE 's) medical director)) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD a double-edged sword) (ADVP though) , (SBAR-PRP because (S (NP-SBJ it) (VP is (ADVP also) (NP-PRD (NP the (ADJP most contagious) kind) (PP of (NP hepatitis))))))) . '')) (TOP (SINV (S-TPC-3 (NP-SBJ-1 GTE officials) (VP began (S (NP-SBJ *-1) (VP posting (NP (NP warning notices) (PP about (NP (NP the potential threat) (PP to (NP exposure))))) (PP-LOC *ICH*-2))) (NP-TMP Wednesday morning) (PP-LOC-2 at (NP (NP various places) (PP-LOC at (NP the company)))))) , (VP said (SBAR 0 (S *T*-3))) (NP-SBJ GTE spokesman Thomas Mattausch) .)) (TOP (S (S-TPC-4 (NP-SBJ-3 The company) (VP has (VP begun (S (NP-SBJ *-3) (VP offering (NP (NP shots) (PP of (NP (NP gamma globulin) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP diminish (NP (NP the flu-like symptoms) (PP of (NP hepatitis A))) , (PP-LOC in (NP (NP anyone) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP has (VP contracted (NP the disease))))))))))))))))))) , (NP-SBJ Mr. Mattausch) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S-3 `` (S (NP-SBJ We) (VP 're (VP (ADVP-MNR strongly) recommending (SBAR that (S (NP-SBJ (NP anyone) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP eaten (PP-LOC in (NP the cafeteria)) (NP-TMP this month)))))) (VP have (NP the shot))))))) (PRN , '' (S (NP-SBJ Mr. Mattausch) (VP added (S *T*-3))) ,) `` and (S (NP-SBJ that) (VP means (NP (NP virtually everyone) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP works (ADVP-LOC here))))))) .)) (TOP (S (NP-SBJ-1 I) (VP was (VP appalled (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP read (NP (NP the misstatements) (PP of (NP facts)) (PP-LOC in (NP (NP your (NAC-TMP Oct. 13) editorial) `` (NP-TTL (NP Colombia 's) Brave Publisher))))))))) . '')) (TOP (S-CLF (NP-SBJ It) (VP is (NP-PRD the right-wing guerrillas) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP are (VP aligned (NP *-1) (PP-CLR with (NP the drug traffickers)))))) , (FRAG not (NP the left wing))) .)) (TOP (S (NP-SBJ-1 This information) (VP was (VP gleaned (NP *-1) (PP-CLR from (NP (NP your own news stories) (PP on (NP the region)))))) .)) (TOP (S (NP-SBJ (NP Past Colombian government tolerance) (PP of (NP the `` narcotraficantes ''))) (VP was (ADJP-PRD due (PP to (NP (NP (NP the drug lords ') history) (PP of (S-NOM (NP-SBJ *) (VP wiping (PRT out) (NP (NP leftists) (PP-LOC in (NP the hinterlands)))))))))) .)) (TOP (NP (NP Mary Poulin) (NP-LOC (NP Palo Alto) , (NP Calif.)))) (TOP (S (S (NP-SBJ I) (VP suggest (SBAR that (S (NP-SBJ (NP The Wall Street Journal) (PRN -LRB- (CONJP as well as) (NP (NP other U.S. news publications) (PP of (NP like mind))) -RRB-)) (VP should (VP put (NP its money) (SBAR-PUT (WHADVP-1 where) (S (NP-SBJ its mouth) (VP is (ADVP-LOC-PRD *T*-1)))))))))) : (S (NP-SBJ-2 *) (VP (VP Lend (NP computer equipment) (S-PRP (NP-SBJ *-2) (VP to (VP replace (NP (NP that) (VP damaged (NP *) (PP-LOC at (NP El Espectador)))))))) , (VP buy (NP ad space)) , (VP publish (NP stories) (PP-LOC under (NP (NP the bylines) (PP of (NP El Espectador journalists))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ-1 an arrangement (S *ICH*-2)) (VP could (VP be (VP worked (NP *-1) (PRT out) (S-2 (NP-SBJ-3 *) (VP to (VP `` sponsor '' (NP El Espectador journalists and staff) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP paying (PP-CLR for (NP added security)) (PP in (NP (NP exchange) (PP for (NP exclusive stories))))))))))))) .)) (TOP (S (NP-SBJ *) (VP Reward (NP (NP El Espectador 's) courage) (PP with (NP real support))) .)) (TOP (NP Douglas B. Evans)) (TOP (NP-HLN (NP COCA-COLA Co .) (PRN -LRB- (NP-LOC Atlanta) -RRB-) --)) (TOP (S (NP-SBJ-1 (NP Anton Amon) and (NP George Gourlay)) (VP were (VP elected (S (NP-SBJ *-1) (NP-PRD (NP vice presidents) (PP of (NP this soft-drink company)))))) .)) (TOP (S (S (NP-SBJ (NP Mr. Amon) , (ADJP (NP 46 years) old) ,) (VP is (NP-PRD (NP (NP the company 's) director) (PP of (NP quality assurance))))) ; (S (ADVP-TMP most recently) , (NP-SBJ he) (VP served (PP-CLR as (NP (NP vice president) , (NP operations))) , (PP for (NP Coca-Cola Enterprises)))) .)) (TOP (S (S (NP-SBJ (NP Mr. Gourlay) , (NP 48) ,) (VP is (NP-PRD (NP manager) (PP for (NP corporate manufacturing operations))))) ; (S (NP-SBJ he) (VP was (NP-PRD (NP assistant vice president) (PP-LOC at (NP the company))))) .)) (TOP (S (PP-TMP In (NP (NP the wake) (PP of (NP (NP (NP a slide) (PP-LOC in (NP sterling))) , (NP (NP a tailspin) (PP-LOC in (NP the stock market))) , and (NP (NP a string) (PP of (NP problematic economic indicators))))))) , (NP-SBJ (NAC British Chancellor (PP of (NP the Exchequer))) Nigel Lawson) (VP promised (NP (NP gradual improvement) (PP-LOC in (NP the U.K. economy)))) .)) (TOP (S (PP-LOC In (NP (NP a speech) (VP prepared (NP *) (PP-PRP for (NP (NP delivery) (PP to (NP (NP London 's) financial community))))))) , (NP-SBJ Mr. Lawson) (VP summed (PRT up) (NP current economic policy) (PP-CLR as (NP a battle (S (NP-SBJ-1 *) (VP to (VP wring (NP inflation) (ADVP-CLR out (PP of (NP the British economy))) , (S-ADV (NP-SBJ *-1) (VP using (NP high interest rates) (PP-CLR as (NP `` (NP the essential instrument) '' (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP carry (PRT out) (NP the campaign) (ADVP *T*-2))))))))))))))) .)) (TOP (S (PP-TMP (NP Two weeks) after (S-NOM (NP-SBJ *-1) (VP boosting (NP base rates) (PP-DIR to (NP 15 %))))) , (NP-SBJ-1 he) (VP pledged (SBAR that `` (S (NP-SBJ-2 rates) (VP will (VP have (S (NP-SBJ *-2) (VP to (VP remain (ADJP-PRD high) (PP-TMP for (NP (NP some time) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP come)))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Lawson) (ADVP also) (VP made (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD clear) (SBAR-1 that (S (NP-SBJ he) (VP would (VP be (VP watching (NP exchange rates) (ADVP-MNR carefully)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ A sinking pound) (VP (VP makes (S (NP-SBJ imports) (ADJP-PRD more expensive))) and (VP increases (NP (NP (NP businesses ') expectations) (PP of (NP future inflation)))))) , (NP-SBJ he) (VP argued (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC In (NP (NP an apparent warning) (PP to (NP (NP currency traders) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (ADVP-TMP lately) (VP been (VP selling (NP the British currency)))))))))) , (NP-SBJ he) (VP stated (SBAR that (S (NP-SBJ the exchange rates) (VP will (VP have (NP (NP a `` major role) (PP-LOC in (NP (NP the assessment) (PP of (NP monetary conditions)))))))))) . '')) (TOP (S (PP In (S-NOM (NP-SBJ *-1) (VP reaffirming (NP (NP the current monetary policy) (PP of (S-NOM (NP-SBJ-2 *) (VP using (NP high interest rates) (S-CLR (NP-SBJ *-2) (VP to (VP (VP fight (NP inflation)) and (VP shore (PRT up) (NP the pound)))))))))))) , (NP-SBJ-1 Mr. Lawson) (VP dismissed (NP (NP other approaches) (PP to (S-NOM (NP-SBJ *) (VP managing (NP the economy)))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP (VP monitors (NP the money-supply figures)) , but (VP does n't (VP give (NP them) (NP paramount importance))) , (SBAR-ADV as (S (NP-SBJ some private and government economists) (VP have (VP suggested (SBAR 0 (S *?*)))))))))) .)) (TOP (S (NP-SBJ Mr. Lawson) (ADVP also) (VP dismissed (NP (NP the) possibility (PP of (S-NOM (NP-SBJ *) (VP imposing (NP direct credit controls) (PP-CLR on (NP (NP Britain 's) financial system))))))) .)) (TOP (S (NP-SBJ (NP (NP (NP Mr. Lawson 's) speech)) , (VP delivered (NP *) (PP-LOC at (NP (NP (NP (NAC the Lord Mayor (PP of (NP London))) 's) annual dinner) (PP-LOC at (NP Mansion House))))) ,) (VP came (PP-TMP on (NP (NP the heels) (PP of (NP (NP a grueling period) (PP for (NP the U.K. economy))))))) .)) (TOP (S (ADVP-TMP (NP Two weeks) ago) , (PP-LOC in (NP a campaign (S (NP-SBJ *) (VP to (VP (VP blunt (NP inflation) (PP-LOC at (NP home))) and (VP arrest (NP (NP a world-wide plunge) (PP-LOC in (NP the pound))))))))) , (NP-SBJ he) (VP raised (NP base rates) (NP-EXT (QP a full) percentage point) (PP-DIR to (NP 15 %))) .)) (TOP (S (PP Despite (NP the increase)) , (NP-SBJ the British currency) (VP slid (PP-DIR below (NP (NP a perceived threshold) (PP of (NP three marks)))) (NP-TMP early last week)) .)) (TOP (S (NP-SBJ-1 It) (VP was (VP quoted (NP *-1) (PP-CLR at (NP 2.9428 marks)) (PP-LOC in (NP late New York trading)) (NP-TMP Wednesday))) .)) (TOP (SINV (VP-TPC-2 Leading (ADVP-DIR up (PP to (NP the speech)))) (VP was (VP *T*-2)) (NP-SBJ (NP a drumroll) (PP of (NP (NP economic statistics) (VP suggesting (SBAR that (S (NP-SBJ (NP the British war) (PP on (NP inflation))) (VP will (VP be (ADJP-PRD (ADJP more bruising) (SBAR than (S (NP-SBJ-1 *) (ADVP-TMP previously) (VP assumed (NP *-1))))))))))))) .)) (TOP (S (NP-SBJ Unemployment) (PP-TMP in (NP September)) (VP dropped (PP-DIR to (NP (NP 1,695,000) , (NP (NP the lowest level) (PP-TMP since (NP 1980)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ lower joblessness) (VP is (ADVP generally) (NP-PRD good news)))) , (NP-SBJ (NP the hefty drop) (NP-TMP last month)) (VP indicates (SBAR that (S (NP-SBJ the economy) (VP is n't (VP slowing (ADVP-CLR down) (ADVP (ADVP as much) (SBAR as (S (NP-SBJ *) (VP hoped (SBAR 0 (S *?*)))))) -- (PP despite (NP (NP a doubling) (PP of (NP interest rates)) (PP-TMP over (NP the last 16 months))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP average earnings) (PP-LOC in (NP Britain))) (VP were (ADVP-PRD up (NP 8.75 %) (PP *ICH*-1)) (PP-TMP in (NP August)) (PP-1 over (NP the previous year))) .)) (TOP (S (NP-SBJ Another inflationary sign) (VP came (PP-LOC in (NP (NP a surge) (PP-LOC in (NP building-society lending)) (PP to (NP (NP (NP a record (QP # 10.2 billion) *U*) (PRN -LRB- (NP (QP $ 16.22 billion) *U*) -RRB-) (NP-TMP last month)) , (NP (NP a (ADJP much higher) level) (SBAR than (S (NP-SBJ economists) (VP had (VP predicted (NP *?*))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a separate speech) (VP prepared (NP *) (PP-PRP for (NP (NP delivery) (PP-LOC at (NP the dinner))))))) , (NP-SBJ (NP Robin Leigh-Pemberton) , (NP (NAC Bank (PP of (NP England))) governor) ,) (VP conceded (SBAR that `` (S (NP-SBJ demand pressures) (VP were (ADJP-PRD (ADJP (ADVP even more) buoyant) (SBAR than (S (NP-SBJ-1 *) (VP had (VP been (VP appreciated (NP *-1) '' (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the British economy) (VP was (VP heating (ADVP-CLR up) (NP-TMP last year) (ADVP-TMP *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP (VP added (SBAR that `` (S (NP-SBJ there) (VP 's (NP-PRD (NP no quick-fix solution) '' (PP to (NP the economic woes))))))) , and (VP said (SBAR 0 `` (S (NP-SBJ tight monetary policy) (VP is (NP-PRD the right approach)))))) . '')) (TOP (S (S-ADV (NP-SBJ *-1) (VP Discussing (NP (NP the recent slide) (PP-LOC in (NP stock prices))))) , (NP-SBJ-1 the central bank governor) (VP stated (SBAR that `` (S (NP-SBJ-2 the markets) (ADVP-TMP now) (VP appear (S (NP-SBJ *-2) (VP to (VP have (VP steadied)))) '' (PP-TMP after (NP (NP the `` nasty jolt '') (PP of (NP (NP the 190.58-point plunge) (PP-LOC in (NP the Dow Jones Industrial Average)) (ADVP-TMP (NP a week) ago))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the New York market plunge) (VP prompted (NP (NP a 70.5-point drop) (PP-LOC in (NP the London Financial Times-Stock Exchange 100 Share Index)))))) , (NP-SBJ Mr. Leigh-Pemberton) (VP declared `` (SBAR that (S (NP-SBJ the experience) (VP owed (NP nothing) (PP-CLR to (NP (NP the particular problems) (PP of (NP the British economy)))))))) . '')) (TOP (S (ADVP Specifically) , (NP-SBJ he) (VP pointed (PRT out) (SBAR that (S (PP compared (PP with (NP the U.S. market))) , (NP-SBJ the U.K.) (VP has (NP (ADJP far fewer) (ADJP highly leveraged) junk-bond financings))))) .)) (TOP (S (S (S-ADV (NP-SBJ *-1) (VP Discussing (NP future monetary arrangements))) , (NP-SBJ-1 Mr. Lawson) (VP repeated (NP (NP the Thatcher government 's) commitment (S (NP-SBJ *) (VP to (VP join (NP (NP the exchange rate mechanism) (PP of (NP the European Monetary System))))))))) , but (S (NP-SBJ he) (VP did n't (VP indicate (NP when)))) .)) (TOP (X Ing .)) (TOP (S (NP-SBJ-1 C. Olivetti & Co.) , (S-ADV (NP-SBJ *-1) (VP claiming (SBAR 0 (S (NP-SBJ it) (VP has (VP won (NP (NP the race (S *ICH*-2)) (PP-LOC in (NP Europe)) (S-2 (NP-SBJ *) (VP to (VP introduce (NP (NP computers) (PP based (PP on (NP a powerful new microprocessor chip)))))))))))))) , (VP unveiled (NP its CP486 computer) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ The product) (VP is (NP-PRD (NP the first) (PP from (NP a European company)) (PP based (PP on (NP (NP (NP Intel Corp. 's) new 32-bit 486tm microprocessor) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP works (ADVP (ADVP (QP several times) faster) (PP than (NP (ADJP previously available) chips))))))))))) .)) (TOP (S (S (NP-SBJ Hewlett-Packard Co.) (VP became (NP-PRD (NP the first company) (ADVP-LOC world-wide) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP announce (NP (NP a product) (PP based (PP on (NP the chip))))))))) (NP-TMP earlier this month))) , but (S (NP-SBJ-2 it) (VP wo n't (VP start (S (NP-SBJ *-2) (VP shipping (NP the computers))) (PP-TMP until (NP early next year))))) .)) (TOP (S (NP-SBJ An Olivetti spokesman) (VP said (SBAR (SBAR 0 (S (NP-SBJ-1 (NP the company 's) factories) (VP are (ADVP-TMP already) (VP beginning (S (NP-SBJ *-1) (VP to (VP produce (NP the machine)))))))) , and (SBAR that (S (NP-SBJ it) (VP should (VP be (ADJP-PRD available) (PP-LOC in (NP Europe)) (PP-TMP by (NP December)))))))) .)) (TOP (S `` (S-TPC-2 (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ this) (VP means (NP *T*-1)))) (VP is (SBAR-PRD that (S (NP-SBJ Europeans) (VP will (VP have (NP these machines) (PP-LOC in (NP their offices)) (SBAR-TMP before (S (NP-SBJ Americans) (VP do (VP *?*)))))))))) , '' (NP-SBJ the spokesman) (VP said (S *T*-2)) .)) (TOP (SINV (S-TPC-2 (S (NP-SBJ The new chip) `` (VP is (NP-PRD (NP a (ADJP very big) step) (PP-LOC in (NP computing))))) , and (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD important) (SBAR-1 that (S (NP-SBJ Olivetti) (VP be (NP-PRD (NP one) (PP of (NP (NP the first) (ADJP out (PP-LOC on (NP the market)) (PP with (NP this product)))))))))))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Patricia Meagher Davis) , (NP (NP an analyst) (PP-LOC at (NP (NP James Capel & Co.) (PP-LOC in (NP London)))))) .)) (TOP (S (NP-SBJ (NP Executives) (PP-LOC at (NP (NP Olivetti) , (SBAR (WHNP-1 whose earnings) (S (NP-SBJ *T*-1) (VP have (VP been (VP (ADVP-MNR steadily) sliding (PP-TMP over (NP (NP the past couple) (PP of (NP years))))))))))) ,) (VP have (VP acknowledged (SBAR that (S (PP-TMP in (NP the past)) (NP-SBJ-2 they) (VP have (VP lagged (PP-CLR at (S-NOM (NP-SBJ *-2) (VP getting (NP new technology) (PP-DIR to (NP market))))))))))) .)) (TOP (S (NP-SBJ Ms. Davis) (VP said (SBAR 0 (S (NP-SBJ the new machines) (VP (VP could (VP steal (NP some sales) (ADVP-CLR away) (PP-DIR from (NP (NP Olivetti 's) own minicomputers)))) , but (VP would (VP bring (NP (NP new sales) (PP-LOC among (NP (NP professionals) (PP such as (NP (NP engineers) , (NP stockbrokers) and (NP medical doctors)))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP Olivetti 's) profits) (VP tumbled (NP-EXT 40 %) (PP-TMP in (NP (NP the first half) (PP of (NP this year))))))) , (NP-SBJ she) (VP believes (SBAR 0 (S (NP-SBJ-1 (NP (NP (NP Olivetti 's) restructuring) (NP-TMP last fall)) and (NP (NP its introduction) (PP of (NP new products)))) (VP will (VP begin (S (NP-SBJ *-1) (VP to (VP bear (NP fruit) (PP with (NP an earnings rebound))))) (NP-TMP next year) , (SBAR-ADV (ADVP especially) if (S (NP-SBJ it) (VP can (VP fulfill (NP its promise (S (NP-SBJ *) (VP to (VP deliver (NP the new machines) (PP-TMP by (NP December))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ the worst) (VP is (ADVP-PRD over) '' (PP-LOC in (NP the European information-technology market))))))) , (NP-SBJ she) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP Depending (PP on (NP (NP the type) (PP of (NP software and peripherals)) (VP used (NP *))))) , (NP-SBJ the machines) (VP can (VP serve (PP-CLR either (PP as (NP (NP (NP the main computer) (PP-LOC in (NP (NP a network) (PP of (NP many terminals))))) (PRN -LRB- (NP (NP a role) (VP (ADVP-TMP usually) filled (NP *) (PP by (NP-LGS a minicomputer)))) -RRB-))) , (PP as (NP a technical workstation)) or (PP as (NP a (ADJP very fast) personal computer))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD (NP the missing link) '' (PP-LOC in (NP (NP Olivetti 's) product line)) (PP between (NP (NP small personal computers) and (NP higher-priced minicomputers)))))) , (NP-SBJ the Olivetti spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ-1 Olivetti) (VP will (VP continue (S (NP-SBJ *-1) (VP making (NP its LSX minicomputer line)))))))) .)) (TOP (S (NP-SBJ The machines) (VP will (VP cost (NP (QP around $ 16,250) *U*) (PP on (NP average)) (PP-LOC in (NP Europe)))) .)) (TOP (S (NP-SBJ The Intel 486 chip) (VP can (VP process (NP (NP (NP (QP 15 million) instructions) (PP per (NP second))) , or (NP MIPS)) , (SBAR-ADV while (S (NP-SBJ (NP Intel 's) previous 386 chip) (VP could (VP handle (NP (QP only 3 to 6) MIPS))))))) .)) (TOP (S (NP-SBJ-2 Olivetti) (ADVP also) (VP plans (S (NP-SBJ *-2) (VP to (VP sell (NP the CP486 computer) (PP-LOC in (NP the U.S.)) (PP-TMP starting (NP next year)) (PP (PP through (NP Olivetti USA)) and (PP through (NP (NP its ISC/Bunker Ramo unit) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP specializes (PP-CLR in (S-NOM (NP-SBJ *-3) (VP automating (NP bank-branch networks)))))))))))))) .)) (TOP (S (NP-SBJ Viatech Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP (NP approval) (PP *ICH*-1)) (PP-CLR from (NP the French government)) (PP-1 for (NP (NP its proposed (ADJP (QP $ 44.7 million) *U*) acquisition) (PP of (NP Ferembal S.A)))))))) .)) (TOP (S (NP-SBJ The approval) (VP satisfies (NP (NP the remaining conditions) (PP of (NP (NP the purchase) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP close (PP-TMP within (NP two weeks))))))))))))) .)) (TOP (S (NP-SBJ (NP erembal) , (NP (NP the second-largest maker) (PP of (NP food cans)) (PP-LOC in (NP France))) ,) (VP had (NP (NP 1988 sales) (PP of (NP (QP $ 150 million) *U*)))) .)) (TOP (S (NP-SBJ Ferembal) (VP has (NP 930 workers) (PP-LOC at (NP (NP four canning manufacturing plants) and (NP one plastic container facility)))) .)) (TOP (S (NP-SBJ Viatech) (VP makes (NP (NP flexible packaging films) and (NP machinery) , and (NP (NP materials) (PP for (NP the food and pharmaceutical industries))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Social Security benefits) (VP will (VP rise (NP-EXT 4.7 %) (NP-TMP next year) (S-PRP (NP-SBJ *-1) (VP to (VP keep (NP pace) (PP-CLR with (NP inflation))))) , (S-ADV (NP-SBJ *-1) (VP boosting (NP the average monthly benefit) (PP-DIR to (NP $ 566 *U*)) (PP-DIR from (NP $ 541 *U*))))))) , (NP-SBJ (NP the Department) (PP of (NP (NP Health) and (NP Human Services)))) (VP announced (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The higher payments) (VP will (VP start (PP-CLR with (NP (NP Social Security checks) (VP received (NP *) (PP-TMP on (NP Jan. 3 , 1990))))))) .)) (TOP (S (NP-SBJ (NP Supplemental Security Income payments) (PP to (NP the disabled))) (ADVP also) (VP will (VP rise (NP-EXT 4.7 %) , (PP-TMP starting (PP with (NP (NP checks) (VP received (NP *) (PP-TMP on (NP Dec. 29 , 1988)))))) , (S-ADV (NP-SBJ *) (VP increasing (NP the maximum SSI payment) (PP-DIR to (NP $ 386 *U*)) (PP-DIR from (NP (NP $ 368 *U*) (NP-ADV a month))))))) .)) (TOP (S (NP-SBJ The inflation adjustment) (ADVP also) (VP means (SBAR that (S (NP-SBJ (NP the maximum annual level) (PP of (NP (NP earnings) (ADJP subject (PP to (NP (NP the wage tax) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP generates (NP revenue) (PP-PRP for (NP the Social Security trust fund))))))))))) (VP will (VP rise (PP-DIR to (NP $ 50,400 *U*)) (PP-TMP in (NP 1990)) (PP-DIR from (NP $ 48,000 *U*) (NP-TMP this year))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 *) (VP mandated (NP *-1) (PP by (NP-LGS law))))) , (NP-SBJ the tax rate) (VP (VP will (VP rise (PP-DIR to (NP 7.65 %)) (PP-TMP in (NP 1990)) (PP-DIR from (NP 7.51 %)))) and (VP wo n't (VP rise (ADVP-CLR any further) (PP-TMP in (NP the future))))) .)) (TOP (S (NP-SBJ This) (VP means (SBAR that (S (NP-SBJ (NP the maximum yearly Social Security tax) (VP paid (NP *) (PP by (NP-LGS workers and employers each)))) (VP will (VP rise (NP-EXT $ 250.80 *U*) (NP-TMP next year) (PP-DIR to (NP $ 3,855.60 *U*))))))) .)) (TOP (S (NP-SBJ-1 (NP Beneficiaries) (ADJP aged (NP (QP 65 through 69)))) (VP will (VP be (ADJP-PRD able (S (NP-SBJ-2 *-1) (VP to (VP earn (NP (NP $ 9,360 *U*) (ADVP *ICH*-3)) (PP without (S-NOM (NP-SBJ *-2) (VP losing (NP any Social Security benefits)))) (PP-TMP in (NP 1990)) , (ADVP-3 up (PP from (NP $ 8,880 *U*) (NP-TMP this year))))))))) .)) (TOP (S (NP-SBJ (NP The exempt amount) (PP for (NP (NP beneficiaries) (PP under (NP 65))))) (VP will (VP rise (PP-DIR to (NP $ 6,840 *U*)) (PP-DIR from (NP $ 6,480 *U*)))) .)) (TOP (S (NP-SBJ The adjustments) (VP reflect (NP (NP the increase) (PP-LOC in (NP the consumer price index)) (PP for (NP (NP urban wage earners) and (NP clerical workers))) (PP-TMP from (NP (NP the third quarter) (PP of (NP last year)))) (PP-TMP to (NP (NP the third quarter) (PP of (NP this year)))))) .)) (TOP (S (NP-SBJ Health-care companies) (VP should (VP get (ADJP-PRD healthier) (PP-TMP in (NP the third quarter)))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Medical-supply houses) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP report (NP (NP earnings increases) (PP of (NP (NP (QP about 15) %) (PP on (NP average)))) (PP for (NP the third quarter)))))) , (PP despite (NP (NP sales increases) (PP of (NP (QP less than 10) %))))))) , (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP offset (NP sluggish sales growth)))) , (NP-SBJ-1 companies) (VP have (VP been (VP (VP cutting (NP staff) , (PP (ADVP mostly) through (NP attrition))) , and (VP slowing (NP (NP the growth) (PP-LOC in (NP research and development spending))))))) .)) (TOP (S (NP-SBJ-3 (NP Sales growth) (PP-TMP in (NP the quarter))) (VP was (VP slowed (NP *-3) (PP by (NP-LGS (NP mounting pressure (S *ICH*-2)) (PP from (NP (NP groups) (PP of (NP buyers)) , (PP such as (NP hospitals)))) , (S-2 (NP-SBJ *) (VP to (VP hold (PRT down) (NP prices)))))))) .)) (TOP (S (NP-SBJ-2 Suppliers) (VP were (ADVP also) (VP hurt (NP *-2) (PP by (NP-LGS (NP the stronger U.S. dollar) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (S (NP-SBJ (NP sales) (ADVP-LOC abroad)) (ADJP-PRD more difficult))))))))) .)) (TOP (S (PP-LOC In (NP some cases)) , (NP-SBJ competition) (VP has (VP squeezed (NP margins))) .)) (TOP (S (NP-SBJ Becton , Dickinson & Co.) , (PP for (NP example)) , (VP faces (NP (NP stiff competition) (PP from (NP a Japanese supplier)) (PP-LOC in (NP the important syringe market)))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 The (NAC-LOC Franklin Lakes , N.J. ,) company) (VP (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP report (NP (NP sales growth) (PP of (NP (QP only 5 % to 6 %) *U*)))))))) , but (VP should (ADVP-TMP still) (VP maintain (NP (NP earnings growth) (PP of (NP 10 %))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Jerry E. Fuller) , (NP (NP an analyst) (PP with (NP Duff & Phelps Inc)))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (PP-LOC-PRD Among (NP (NP the first) (PP of (NP the group)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP post (NP results)))))))) , (NP-SBJ-2 Abbott Laboratories) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP jumped (NP-EXT 14 %) (PP-DIR to (NP (NP (QP $ 196 million) *U*) , or (NP (NP 88 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 172 million) *U*) , or (NP (NP 76 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP (NP the company) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Abbott Park) , (NP Ill.) ,)))))) (VP rose (NP-EXT 8.3 %) (PP-DIR to (NP (QP $ 1.31 billion) *U*)) (PP-DIR from (NP (QP $ 1.21 billion) *U*))) .)) (TOP (S (NP-SBJ Baxter International Inc.) (NP-TMP yesterday) (VP reported (SBAR 0 (S (NP-SBJ net) (VP climbed (NP-EXT 20 %) (PP-TMP in (NP the third period)) (PP-DIR to (NP (NP (QP $ 102 million) *U*) , or (NP (NP 34 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 85 million) *U*) , or (NP (NP 28 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP the (NAC-LOC Deerfield , Ill. ,) company))) (VP rose (NP-EXT 5.8 %) (PP-DIR to (NP (QP $ 1.81 billion) *U*)) (PP-DIR from (NP (QP $ 1.71 billion) *U*))) .)) (TOP (S But (NP-SBJ-1 (ADJP not every) company) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP increased earnings))))) .)) (TOP (S (NP-SBJ C.R. Bard Inc.) (NP-TMP yesterday) (VP said (SBAR 0 (S (NP-SBJ third-quarter net) (VP plunged (NP-EXT 51 %) (PP-DIR to (NP (NP (QP $ 9.9 million) *U*) , or (NP (NP 18 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 20 million) *U*) , or (NP (NP 35 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Sales) (VP fell (NP-EXT 1.2 %) (PP-DIR to (NP (QP $ 190.1 million) *U*)) (PP-DIR from (NP (QP $ 192.5 million) *U*))) .)) (TOP (S (NP-SBJ The (NAC-LOC Murray Hill , N.J. ,) company) (VP said (SBAR 0 (S (NP-SBJ full-year earnings) (VP may (VP be (ADVP-PRD off (NP (NP 33 cents) (NP-ADV a share))) (SBAR-PRP because (S (NP-SBJ the company) (VP removed (NP a catheter) (PP-CLR from (NP the market)))))))))) .)) (TOP (S (PP-TMP In (NP 1988)) , (NP-SBJ the company) (VP earned (NP (NP $ 1.38 *U*) (NP-ADV a share))) .)) (TOP (S (NP-SBJ The Food and Drug Administration) (VP had (VP raised (NP (NP questions) (PP about (NP (NP the device 's) design))))) .)) (TOP (S (NP-SBJ Some analysts) (VP add (SBAR that (S (NP-SBJ-1 third-party pressures (S (NP-SBJ *) (VP to (VP reduce (NP health costs))))) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP bedevil (NP (NP companies ') bottom lines))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP Takeover speculation) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (VP buoying (NP (NP stocks) (PP of (NP supply houses)))))))) ,) (VP may (ADVP also) (VP ease))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Peter Sidoti) , (NP (NP an analyst) (PP with (NP Drexel Burnham Lambert Inc)))) .)) (TOP (S `` (S-TPC-2 (SBAR-TMP As (S (NP-SBJ that) (VP wanes))) , (NP-SBJ-1 you) (VP 're (VP going (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ the stocks) (ADVP probably) (VP wane (ADVP as well))))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ Hospitals companies) , (ADVP-TMP meanwhile) , (VP are (VP reporting (NP improved earnings))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Bolstered (NP *-1) (PP by (NP-LGS (NP strong performances) (PP by (NP its psychiatric hospitals)))))) , (NP-SBJ-2 (NP National Medical Enterprises Inc.) , (NP-LOC Los Angeles) ,) (VP reported (NP (NP net income) (PP of (NP (NP (NP (QP $ 50 million) *U*) , or (NP (NP 65 cents) (NP-ADV a share))) (ADVP *ICH*-3))) , (PP for (NP (NP the first quarter) (VP ended (NP-TMP Aug. 31)))) , (ADVP-3 up (PP from (NP (NP (QP $ 41 million) *U*) , or (NP (NP 56 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ (NP Humana Inc.) , (NP-LOC (NP Louisville) , (NP Ky.)) ,) (ADVP also) (VP reported (NP (NP favorable results) , (PP with (NP (NP net income) (PP of (NP (NP (NP (QP $ 66.7 million) *U*) , or (NP 66 cents)) (ADVP *ICH*-1))) , (PP-TMP in (NP (NP the fourth quarter) (VP ended (NP-TMP Aug. 31)))) , (ADVP-1 up (PP from (NP (NP (QP $ 58.2 million) *U*) , or (NP 59 cents) ,) (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ (NP the handful) (PP of (NP hospital companies)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP are (ADVP-TMP still) (VP (ADVP-MNR publicly) traded (NP *-2)))))) (VP are (VP benefiting (PP-CLR from (NP several trends))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (ADJP-PRD Most important)) , (NP-SBJ hospital admission rates) (VP are (VP stabilizing (PP-TMP after (NP (NP several years) (PP of (NP decline)))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ companies) (VP (VP have (VP sold (ADVP-CLR off) (NP (NP many) (PP of (NP their smaller , less-profitable hospitals))))) and (VP have (VP completed (NP painful restructurings)))) .)) (TOP (S (NP-SBJ-1 (NP Humana 's) revenues) , (PP for (NP example)) , (VP are (VP being (VP boosted (NP *-1) (PP by (NP-LGS (NP large increases) (PP-LOC in (NP (NP enrollments) (PP in (NP (NP the company 's) health maintenance organizations))))))))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ (NP Todd Richter) , (NP (NP an analyst) (PP with (NP Dean Witter Reynolds)))) : `` (S-1 (NP-SBJ (NP The shakeout) (PP-LOC in (NP the (ADJP publicly traded) companies))) (VP is (ADJP-PRD over))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Initial claims) (PP for (NP regular state unemployment benefits))) (VP rose (PP-DIR to (NP a (ADJP seasonally adjusted) 396,000)) (PP-TMP during (NP (NP the week) (VP ended (NP-TMP Oct. 7)))) (PP-DIR from (NP 334,000) (NP-TMP the previous week)))) , (NP-SBJ the Labor Department) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The number) (PP of (NP (NP people) (VP receiving (NP regular state benefits) (PP-TMP in (NP (NP the week) (VP ended (NP-TMP Sept. 30)))))))) (VP decreased (PP-DIR to (NP (NP a (ADJP seasonally adjusted) 2,202,000) , or (NP (NP 2.2 %) (PP of (NP (NP those) (VP covered (NP *) (PP by (NP-LGS unemployment insurance)))))))) , (PP-DIR from (NP 2,205,000) (NP-TMP (NP the previous week) , (SBAR (WHADVP-1 when) (S (NP-SBJ the insured unemployment rate) (ADVP also) (VP was (NP-PRD 2.2 %) (ADVP-TMP *T*-1))))))) .)) (TOP (S (PP Counting (NP all (UCP state and federal) benefit programs)) , (NP-SBJ (NP the number) (PP of (NP (NP people) (VP receiving (NP unemployment benefits) (PP-TMP in (NP (NP the week) (VP ended (NP-TMP Sept. 30)))))))) (VP fell (PP-DIR to (NP 1,809,300)) (PP-DIR from (NP 1,838,200) (ADVP-TMP (NP a week) earlier))) .)) (TOP (S (NP-SBJ These figures) (VP are n't (VP (ADVP-MNR seasonally) adjusted)) .)) (TOP (S (NP-SBJ A Labor Department spokesman) (VP said (SBAR 0 (S (NP-SBJ (NP the unusually high number) (PP of (NP (NP initial claims) (PP for (NP state unemployment benefits))))) (VP reflects (NP (NP the impact) (PP of (NP Hurricane Hugo)) (PP on (NP (NP southern states) , particularly (NP (NP North Carolina) and (NP South Carolina))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ The figure) (ADVP also) (VP may (VP reflect (NP (NP initial claims) (VP filed (NP *) (PP by (NP-LGS (NP striking Nynex Corp. workers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP become (ADJP-PRD eligible (PP for (NP unemployment benefits)))))))))))))) , (NP-SBJ the official) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 Digital Equipment Corp.) (VP reported (NP (NP a (ADJP 32 %) decline) (PP-LOC in (NP net income))) (PP on (NP (NP a modest revenue gain) (PP-TMP in (NP its fiscal first quarter)))) , (S-ADV (NP-SBJ *-1) (VP causing (S (NP-SBJ some analysts) (VP to (VP predict (NP (NP weaker results) (ADVP-TMP ahead) (SBAR than (S (NP-SBJ they) (VP had (VP expected (NP *?*)))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the second-largest computer maker) (VP had (VP prepared (NP Wall Street) (PP-CLR for (NP a poor quarter)))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP were (VP troubled (NP *-1) (PP by (NP-LGS (NP (NP signs) (PP of (NP flat U.S. orders))) and (NP (NP a slowdown) (PP-LOC in (NP (NP the rate) (PP of (NP gain)) (PP-LOC in (NP foreign orders)))))))))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Maynard , Mass. ,) company) (VP is (PP-LOC-PRD in (NP (NP a transition) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 it) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP (VP reduce (NP (NP its reliance) (PP on (NP mid-range machines)))) and (VP establish (NP (NP a presence) (PP-LOC in (NP workstations and mainframes))))))) (PP-LOC *T*-2)))))))) .)) (TOP (S (NP-SBJ (NP Net) (PP for (NP (NP the quarter) (VP ended (NP-TMP Sept. 30))))) (VP fell (PP-DIR to (NP (NP (QP $ 150.8 million) *U*) , or (NP (NP $ 1.20 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 223 million) *U*) , or (NP (NP $ 1.71 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 6.4 %) (PP-DIR to (NP (QP $ 3.13 billion) *U*)) (PP-DIR from (NP (QP $ 2.94 billion) *U*))) .)) (TOP (S (NP-SBJ Digital) (VP said (SBAR 0 (S (NP-SBJ (NP (NP a shift) (PP-LOC in (NP its product mix)) (PP toward (NP low-end products))) and (NP (NP strong growth) (PP-LOC in (NP workstation sales)))) (VP yielded (NP lower gross margins))))) .)) (TOP (S (NP-SBJ A spokesman) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ (NP margins) (PP for (NP (NP the company 's) service business))) (VP narrowed (ADVP-CLR somewhat) (PP-PRP because of (NP (NP heavy investments) (VP made (NP *) (PP-LOC-CLR in (NP that sector))))))))) .)) (TOP (S (NP-SBJ (NP The lack) (PP of (NP a strong product)) (PP-LOC at (NP (NP the high end) (PP of (NP (NP Digital 's) line))))) (VP was (NP-PRD (NP a significant drag) (PP on (NP sales)))) .)) (TOP (S (NP-SBJ-1 Digital) (VP hopes (S (NP-SBJ *-1) (VP to (VP address (NP that) (PP with (NP (NP the debut) (PP of (NP its first mainframe-class computers)) (NP-TMP next Tuesday))))))) .)) (TOP (S (NP-SBJ-1 The new line) (VP is (VP aimed (NP *-1) (ADVP-MNR directly) (PP-CLR at (NP International Business Machines Corp)))) .)) (TOP (SINV `` (S-TPC-1 (S (SBAR-TMP Until (S (NP-SBJ the new mainframe products) (VP kick (PRT in)))) , (NP-SBJ there) (VP wo n't (VP be (NP-PRD (NP a lot) (PP of (NP revenue contribution))) (PP-LOC at (NP the high end))))) , and (S (NP-SBJ that) (VP 's (VP hurt (NP us))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Mark Steinkrauss) , (NP (NP (NP Digital 's) director) (PP of (NP investor relations)))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ unfavorable currency translations) (VP were (ADVP also) (NP-PRD a factor) (PP-TMP in (NP the quarter)))))) .)) (TOP (S (NP-SBJ DEC shares) (VP rose (NP-EXT $ 1.375 *U*) (PP-DIR to (NP $ 89.75 *U* apiece)) (PP-LOC in (NP consolidated New York Stock Exchange trading)) (NP-TMP yesterday)) .)) (TOP (S But (NP-SBJ analysts) (VP said (SBAR that (S (PP-LOC against (NP (NP the backdrop) (PP of (NP (NP a (ADJP nearly 40-point) rise) (PP-LOC in (NP the Dow Jones Industrial Average)))))) , (NP-SBJ-1 that) (VP should n't (ADVP necessarily) (VP be (VP taken (NP *-1) (PP-CLR as (NP (NP a sign) (PP of (NP great strength)))))))))) .)) (TOP (S (NP-SBJ Some) (VP (VP cut (NP (NP their earnings estimates) (PP for (NP (NP the stock) (NP-TMP this year))))) and (VP predicted (NP (NP more efforts (S (NP-SBJ *) (VP to (VP control (NP costs))))) (ADVP-TMP ahead)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the next few quarters) (VP will (VP be (ADJP-PRD difficult))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Steven Milunovich) (PP of (NP First Boston))) .)) (TOP (S `` (S (NP-SBJ Margins) (VP will (VP remain (PP-PRD under (NP pressure))))) , and (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the new mainframe) (VP does (VP ship (ADVP-TMP *T*-1))))) , (NP-SBJ I) (VP 'm not (ADJP-PRD sure (SBAR 0 (S (NP-SBJ it) (VP will (VP be (NP-PRD a big winner)))))))) .)) (TOP (S '' (NP-SBJ Mr. Milunovich) (VP said (SBAR 0 (S (NP-SBJ he) (VP was (VP revising (NP (NP his estimate) (PP for (NP (NP DEC 's) current year))) (PP-DIR from (NP (NP $ 8.20 *U*) (NP-ADV a share))) (PP-DIR to `` (PP-LOC (ADVP well) below (NP $ 8 *U*))) , '' (SBAR-ADV although (S (NP-SBJ he) (VP has n't (VP settled (PP-CLR on (NP a final number))))))))))) .)) (TOP (S-1 (NP-SBJ (NP One troubling aspect) (PP of (NP (NP DEC 's) results))) (PRN , (S (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-1)))) ,) (VP was (NP-PRD (NP its performance) (PP-LOC in (NP Europe)))) .)) (TOP (S (NP-SBJ DEC) (VP said (SBAR 0 (S (NP-SBJ (NP its overseas business) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP now) (VP accounts (PP-CLR for (NP (NP (QP more than half)) (PP of (NP sales))))))) ,) (VP improved (PP-TMP in (NP the quarter)))))) .)) (TOP (S (NP-SBJ-1 It) (ADVP even) (VP took (NP (NP the (ADJP unusually frank) step) (PP of (S-NOM (NP-SBJ *-1) (VP telling (NP analysts) (PP-LOC in (NP a morning conference call)) (SBAR that (S (NP-SBJ (NP orders) (PP-LOC in (NP Europe))) (VP were (ADVP-PRD up (PP in `` (NP double digits) '')) (PP-LOC in (NP foreign-currency terms)))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ That gain) (ADVP probably) (VP translated (PP-CLR into (NP (NP (QP about 5 % to 7 %) *U*) (PP-LOC in (NP dollar terms)) , (PP-LOC (ADVP well) below (NP (NP (NP recent quarters ') gains) (PP of (NP (QP above 20) %)))))))) , (VP reckons (SBAR 0 (S *T*-1))) (NP-SBJ (NP Jay Stevens) (PP of (NP Dean Witter Reynolds))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ That) (VP was (NP-PRD (NP a disappointment) '' and (NP (NP a sign) (PP of (NP (NP overall computer-market softness) (PP-LOC in (NP Europe)))))))) , (NP-SBJ Mr. Stevens) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Marc Schulman) , (PP with (NP (NP UBS Securities) (PP-LOC in (NP New York)))) ,) (VP dropped (NP (NP his estimate) (PP of (NP (NP DEC 's) full-year net))) (PP-DIR to (NP (NP $ 6.80 *U*) (NP-ADV a share))) (PP-DIR from (NP $ 8 *U*))) .)) (TOP (S-1 (SBAR-ADV Although (S (NP-SBJ overall revenues) (VP were (ADJP-PRD stronger)))) (PRN , (S (NP-SBJ Mr. Schulman) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ DEC) `` (VP (VP drew (ADVP-CLR down) (NP its European backlog)) '' and (VP had (NP flat world-wide orders) (ADVP overall))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The bottom line) (VP is (SBAR-PRD that (S (NP-SBJ it) (VP 's (ADJP-PRD (ADJP more hand to mouth) (SBAR than (S (NP-SBJ it) (VP has (VP been (ADJP-PRD *?*) (ADVP-TMP before))))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Schulman) (VP said (SBAR 0 (S (NP-SBJ he) (VP believes (SBAR that (S (NP-SBJ (NP the roll-out) (PP of (NP (NP DEC 's) new mainframe))) (VP will `` (VP occur (ADVP-MNR (ADVP somewhat more leisurely) '' (SBAR than (S (NP-SBJ (NP many) (PP of (NP his investment colleagues))) (VP expect (SBAR 0 (S *?*)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ current expectations) (VP are (SBAR-PRD for (S (NP-SBJ-2 an entry level machine) (VP to (VP be (VP shipped (NP *-2) (PP-TMP in (NP December))))))) , (SBAR-ADV with (S (NP-SBJ (NP all) (PP of (NP the more sophisticated versions))) (ADVP-LOC-PRD out) (PP-TMP by (NP June)))))))) .)) (TOP (S (PP-PRP For (NP (NP reasons) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP would n't (VP elaborate (PP-CLR on (NP *T*-2)))))))) , (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ he) (VP 's (ADJP-PRD sure (SBAR 0 (S (NP-SBJ-1 that schedule) (VP wo n't (VP be (VP met (NP *-1) , (S-ADV (NP-SBJ *) (VP meaning (NP (NP less profit impact) (PP from (NP the product)) (PP for (NP DEC)) (PP-TMP in (NP the next few quarters))))))))))))))) .)) (TOP (S (NP-SBJ John R. Wilke) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ Colgate Palmolive Co.) (VP reported (SBAR 0 (S (NP-SBJ-1 third-quarter net income) (VP rose (NP-EXT 27 %) , (S-ADV (NP-SBJ-2 *-1) (VP bolstered (NP *-2) (PP by (NP-LGS (NP (NP strong sales) (PP-LOC in (NP its (ADJP Latin American) business))) and (NP (NP (ADJP surprisingly healthy) profits) (PP from (NP U.S. operations))))))))))) .)) (TOP (S (NP-SBJ Colgate) (VP said (SBAR 0 (S (NP-SBJ (NP net income) (PP for (NP the quarter))) (VP rose (PP-DIR to (NP (NP (QP $ 76.7 million) *U*) , or (NP (NP $ 1.06 *U*) (NP-ADV a share)))) , (PP on (NP (NP sales) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP increased (NP-EXT 6 %) (PP-DIR to (NP (QP $ 1.3 billion) *U*))))))))))) .)) (TOP (S (PP-TMP In (NP the year-earlier period)) , (NP-SBJ Colgate) (VP posted (NP (NP net income) (PP of (NP (NP (QP $ 60.2 million) *U*) , or (NP (NP 88 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ (NP Last year 's) results) (VP included (NP (NP earnings) (PP from (NP discontinued operations)) (PP of (NP (NP (QP $ 13.1 million) *U*) , or (NP (NP 19 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ (NP Reuben Mark) , (NP (NP (NP chairman) and (NP chief executive officer)) (PP of (NP Colgate))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 earnings growth) (VP was (VP fueled (NP *-1) (PP by (NP-LGS (NP strong sales) (PP-LOC in (NP (NP Latin America) , (NP the Far East) and (NP Europe)))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Results) (VP were (ADVP also) (VP bolstered (NP *-1) (PP by `` (NP-LGS (NP a (ADJP very meaningful) increase) (PP-LOC in (NP operating profit)) (PP-LOC at (NP (NP Colgate 's) U.S. business))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Operating profit) (PP-LOC at (NP (NP (NP Colgate 's) U.S. household products and personal care businesses) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP include (NP (NP such well-known brands) (PP as (NP (NP Colgate toothpaste) and (NP Fab laundry detergent))))))) ,))) (VP jumped (NP-EXT (QP more than 40) %))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Mr. Mark) (VP attributed (NP the improvement) (PP-CLR to (NP (NP cost savings) (VP achieved (NP *) (PP-MNR by (S-NOM (NP-SBJ *) (VP (VP consolidating (NP manufacturing operations)) , (VP blending (ADVP-CLR together) (NP two sales organizations)) and (VP (ADVP-MNR more carefully) focusing (NP (NP the company 's) promotional activities))))))))) .)) (TOP (S `` (S-TPC (S (NP-SBJ-2 We) (VP 've (VP done (NP a lot) (S-PRP (NP-SBJ *-2) (VP to (VP improve (NP (PRN -LRB- U.S . -RRB-) results))))))) and (S (NP-SBJ-1 a lot more) (VP will (VP be (VP done (NP *-1)))))) , '' (NP-SBJ Mr. Mark) (VP said) .)) (TOP (S `` (NP-SBJ (NP Improving profitability) (PP of (NP U.S. operations))) (VP is (NP-PRD an (ADJP extremely high) priority) (PP-LOC in (NP the company))) . '')) (TOP (S (NP-SBJ (NP Colgate 's) results) (VP were (PP-LOC-PRD at (NP (NP the high end) (PP of (NP (NP the range) (PP of (NP (NP analysts ') forecasts))))))) .)) (TOP (S (NP-SBJ (NP The scope) (PP of (NP (NP the improvement) (PP-LOC in (NP the U.S. business))))) (VP caught (NP some analysts) (PP-CLR by (NP surprise))) .)) (TOP (S (NP-SBJ (NP (NP The company 's) domestic business) , (NP especially its household products division) ,) (VP has (VP performed (ADVP-MNR poorly) (PP-TMP for (NP years)))) .)) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ the earnings improvement) (VP came (PP-DIR from (S-NOM (NP-SBJ *) (VP (VP cutting (NP costs)) (CONJP rather than) (VP increasing (NP sales))))))))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ net) (VP increased (NP-EXT 14 %) (PP-DIR to (NP (NP (QP $ 217.5 million) *U*) , or (NP (NP $ 3.09 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 7 %) (PP-DIR to (NP (QP $ 3.8 billion) *U*))) .)) (TOP (S (NP-SBJ The company) (VP earned (NP (NP (QP $ 191.1 million) *U*) , or (NP (NP $ 2.79 *U*) (NP-ADV a share))) , (PP-TMP in (NP the year-earlier period))) .)) (TOP (S (NP-SBJ (NP Colgate 's) 1988 net income) (VP included (NP (NP (NP (QP $ 40.1 million) *U*) , or (NP (NP 59 cents) (NP-ADV a share)) ,) (PP from (NP discontinued operations)))) .)) (TOP (S (NP-SBJ Colgate) (VP sold (NP its hospital supply and home health care business) (NP-TMP last year)) .)) (TOP (S (ADVP Separately) , (NP-SBJ Colgate) (NP-TMP Wednesday) (VP finalized (NP (NP an agreement (S *ICH*-1)) (PP with (NP (NP MacroChem Corp.) , (NP (NP a tiny (UCP dental products and pharmaceutical) concern) (VP based (NP *) (PP-LOC-CLR in (NP (NP Billerica) , (NP Mass.) ,)))))) (S-1 (NP-SBJ *) (VP to (VP market (PP-LOC in (NP the U.S.)) (NP (NP four) (PP of (NP (NP MacroChem 's) FDA-approved dental products)))))))) .)) (TOP (S (NP-SBJ (NP (NP The products) -- (NP (NP (NP sealants) and (NP bonding materials)) (VP used (NP *) (PP by (NP-LGS dentists)))) --)) all (VP contain (NP (NP fluoride) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP is (VP released (NP *-1) (PP-TMP over (NP time)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ The move) (VP is (NP-PRD (NP part) (PP of (NP (NP a drive) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP increase (NP (NP (NP Colgate 's) business) (PP with (NP dentists)))))))))))) , (NP-SBJ a company spokeswoman) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 (NP Terms) (PP of (NP the agreement))) (VP were n't (VP given (NP *-1))) .)) (TOP (S (NP-SBJ USACafes Limited Partnership) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP the sale) (PP of (NP its Bonanza restaurant franchise system)) (PP to (NP (NP a subsidiary) (PP of (NP Metromedia Co.)))) (PP for (NP (NP (QP $ 71 million) *U*) (PP in (NP cash))))))))) .)) (TOP (S (NP-SBJ (NP USACafes) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD nearly half-owned (PP by (NP (NP Sam and Charles Wyly) (PP of (NP Dallas)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP distribute (NP (NP proceeds) (PP from (NP the sale))) (PP-DIR to (NP unit holders)) (PP as (NP a liquidating dividend)) (ADVP-TMP (ADVP as soon) (PP as (ADJP possible)))))))) .)) (TOP (S (NP-SBJ (NP The Bonanza franchise system) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP generates (NP (NP (QP about $ 600 million) *U*) (PP-LOC in (NP sales))) (ADVP-TMP annually)))) ,) (VP represented (NP (NP substantially all) (PP of (NP (NP the partnership 's) assets)))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The sale) (PP of (NP the system))) (VP has (VP been (VP challenged (NP *-1) (PP-LOC in (NP (NP a class-action suit) (PP on (NP (NP behalf) (PP of (NP unit holders)))) (VP filed (NP *) (NP-TMP last week) (PP-LOC-CLR in (NP a Delaware court))))))))) , (NP-SBJ USACafes) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP believes (SBAR 0 (S (NP-SBJ the suit) (VP is (PP-PRD without (NP merit))))))))) .)) (TOP (S (NP-SBJ American Telephone & Telegraph Co.) (VP unveiled (NP (NP (NP a sweetened pension) and (NP early-retirement program)) (PP for (NP management)) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP hopes (SBAR 0 (S (NP-SBJ *T*-1) (VP will (VP enable (S (NP-SBJ it) (VP to (VP save (NP (QP $ 450 million) *U*) (PP-TMP in (NP the next year)))))))))))))) .)) (TOP (S (NP-SBJ AT&T) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ net income) (VP rose (NP-EXT 19 %) (PP-TMP in (NP the third quarter)))))) .)) (TOP (S (NP-SBJ AT&T) (VP said (SBAR 0 (S (NP-SBJ its amended pension program) (VP will (ADVP nearly) (VP double (PP-DIR to (NP 34,000)) (NP (NP the number) (PP of (NP (NP managers) (ADJP eligible (S (NP-SBJ *) (VP to (VP retire (PP with (NP immediate pension payments)))))))))))))) .)) (TOP (S (NP-SBJ AT&T) (VP said (SBAR that (S (PP based (PP on (NP (NP studies) (PP of (NP (NP other companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP offered (NP retirement plans)))))))))) , (NP-SBJ it) (VP expects (S (NP-SBJ (NP about one-third) (PP of (NP its eligible managers))) (VP to (VP retire (PP-LOC under (NP the new program))))))))) .)) (TOP (S (NP-SBJ AT&T) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP grew , (PP (NP despite) (NP (NP stiff competition) (PP-LOC in (NP (NP all) (PP of (NP (NP the company 's) markets)))))))))) .)) (TOP (S (NP-SBJ Net income) (VP rose (PP-DIR to (NP (NP (QP $ 699 million) *U*) , or (NP (NP 65 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP the year-earlier (QP $ 587 million) *U*) , or (NP (NP 55 cents) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP edged (ADVP-CLR up) (PP-DIR to (NP (QP $ 8.9 billion) *U*)) (PP-DIR from (NP (QP $ 8.81 billion) *U*))) .)) (TOP (S (NP-SBJ-1 (NP The latest period 's) net) (VP was (VP reduced (NP *-1) (NP-EXT (NP (QP $ 102 million) *U*) , or (NP (NP nine cents) (NP-ADV a share)) ,) (PP-PRP for (NP (NP (NP a change) (PP-LOC in (NP depreciation method))) and (NP (NP concurrent changes) (PP-LOC in (NP (NP estimates) (PP of (NP (NP depreciable lives) and (NP (NP net salvage) (PP for (NP certain telecommunications equipment)))))))))))) .)) (TOP (S (NP-SBJ The results) (VP (ADVP-MNR roughly) matched (NP (NP estimates) (PP of (NP (NP securities analysts) , (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP were (VP encouraged (NP *-1) (PP by (S-NOM-LGS (NP-SBJ AT&T) (VP increasing (NP its operating margin) (PP-DIR to (NP 13 %)) (PP-DIR from (NP 11 %) (ADVP-TMP (NP a year) ago)) , (PP-PRP because of (NP continued cost-cutting efforts))))))))))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP (NP long-distance services) , (NP an (ADJP extremely competitive) market) ,))) (VP rose (NP-EXT 6.4 %)) .)) (TOP (S But (NP-SBJ-1 the growth) (VP was (ADVP partly) (VP offset (NP *-1) (PP by (NP-LGS (NP lower equipment sales and rentals) and (NP (NP price cuts) (PP-LOC on (NP some products))))))) .)) (TOP (S (PP-LOC Under (NP the amended pension program)) , (NP-SBJ (NP AT&T managers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (NP (NP (QP at least five) years) (PP of (NP service))))))) (VP will (VP have (S (NP-SBJ-2 five years) (VP added (NP *-2) (PP-CLR to (NP (NP their age and length) (PP of (NP service)))))) (PP-PRP for (NP pension purposes)))) .)) (TOP (S (NP-SBJ (NP Managers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP retire (NP-TMP Dec. 30))))) (VP will (VP have (S (NP-SBJ-3 an additional 15 %) (VP added (NP *-3) (PP-CLR to (NP their monthly pension)) (PP-TMP for (NP (NP (NP (QP as long as five) years) or (NP age 65)) , (SBAR (WHNP-2 whichever) (S (NP-SBJ *T*-2) (VP comes (ADVP-TMP earlier)))))))))) .)) (TOP (S (NP-SBJ An AT&T spokeswoman) (VP said (SBAR 0 (S (NP-SBJ the company) (VP would (ADVP likely) (VP replace (NP (NP about one-third) (PP of (NP (NP its managers) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP choose (S (NP-SBJ *-2) (VP to (VP retire))))))))) (PP-CLR with (NP new employees))))))) .)) (TOP (S (NP-SBJ Analysts) (VP hailed (NP (NP the sweetened pension package) , (SBAR (WHNP-1 which) (S (NP-SBJ they) (VP said (SBAR 0 (S (NP-SBJ *T*-1) (VP had (VP been (NP-PRD (NP the subject) (PP of (NP rumors))) (PP-TMP for (NP several months))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP tells (NP you) (SBAR 0 (S (NP-SBJ-2 AT&T) (VP (VP is (ADJP-PRD serious (PP about (S-NOM (NP-SBJ-3 *-2) (VP continuing (S (NP-SBJ *-3) (VP to (VP manage (NP their cost structure))))))))) and (VP is (VP committed (NP *-2) (PP-CLR to (NP 20%-a-year earnings growth))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Jack Grubman) , (NP (NP an analyst) (PP with (NP PaineWebber Inc .)))))) (TOP (S But (NP-SBJ other analysts) (VP expressed (NP disappointment (SBAR that (S (NP-SBJ the cost-cutting move) (VP wo n't (VP result (PP-CLR in (NP (ADJP even greater) earnings growth)))))))) .)) (TOP (SINV `` (S-TPC (S (NP-SBJ This) (VP is (NP-PRD a good move))) , but (S (NP-SBJ it) (ADVP only) (VP gets (NP you) (PP-DIR to (SBAR-NOM (WHADVP-1 where) (S (NP-SBJ (NP people 's) expectations) (ADVP-TMP already) (VP are (ADVP-LOC-PRD *T*-1))))) , '' (PP-LOC in (NP (NP terms) (PP of (NP earnings growth))))))) , (VP said) (NP-SBJ (NP Joel D. Gross) , (NP (NP an analyst) (PP with (NP Donaldson , Lufkin & Jenrette)))) .)) (TOP (S (NP-SBJ Mr. Gross) (VP said (SBAR 0 (S (NP-SBJ he) (VP had (VP hoped (SBAR that (S (NP-SBJ (NP a cost savings) (PP of (NP (QP $ 450 million) *U*))) (VP would (VP result (PP-CLR in (NP (NP (ADJP even greater) growth) (PP than (NP (NP the (ADJP 20 %) annual earnings increase) (SBAR (WHNP-1 0) (S (NP-SBJ AT&T) (VP has (VP told (NP analysts) (SBAR 0 (S (NP-SBJ it) (VP expects (NP *T*-1) (PP-TMP in (NP the future)))))))))))))))))))))) .)) (TOP (S (NP-SBJ AT&T) (VP said (SBAR 0 (S (NP-SBJ the special retirement option) (VP will (VP increase (NP fourth-quarter expenses)))))) .)) (TOP (S But (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-1 the amount) (VP ca n't (VP be (VP determined (NP *-1) (SBAR-TMP until (S (NP-SBJ it) (VP knows (SBAR-NOM (WHNP-2 (WHADJP how many) managers) (S (NP-SBJ-3 *T*-2) (VP opt (S (NP-SBJ *-3) (VP to (VP retire))))))))))))))) .)) (TOP (S (NP-SBJ AT&T) (VP said (SBAR 0 (S (NP-SBJ-1 the expense increase) (VP will (VP be (ADVP largely) (VP offset (NP *-1) (PP by (NP-LGS (NP a gain) (PP from (NP its (ADJP previously announced) plan (S (NP-SBJ *) (VP to (VP swap (NP (NP its holdings) (PP-LOC in (NP Ing . C. Olivetti & Co.))) (PP-CLR for (NP (NP shares) (PP-LOC in (NP (NP Cie . Industriali Riunite) , (NP an Italian holding company)))))))))))))))))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ AT&T) (VP said (SBAR 0 (S (NP-SBJ net income) (VP was (NP-PRD (NP (QP $ 1.99 billion) *U*) , or (NP (NP $ 1.85 *U*) (NP-ADV a share)) ,) (ADVP up (NP 19 %) (PP from (NP (NP (QP $ 1.67 billion) *U*) , or (NP (NP $ 1.56 *U*) (NP-ADV a share))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP gained (NP 3.1 %) (PP-DIR to (NP (QP $ 26.81 billion) *U*)) (PP-DIR from (NP (QP $ 26 billion) *U*))) .)) (TOP (S (PP-LOC In (NP composite trading)) (NP-TMP yesterday) (PP-LOC on (NP the New York Stock Exchange)) , (NP-SBJ AT&T shares) (VP closed (PP-CLR at (NP $ 43.375 *U*)) , (ADVP up (NP 87.5 cents))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ it) (VP comes (PP-CLR to (S-NOM (NP-SBJ *) (VP buying and selling (NP shares)))) (ADVP-TMP *T*-1)))) , (NP-SBJ Westridge Capital Management Inc.) (VP takes (NP-CLR a back seat) (PP-CLR to (NP no one))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP (NP Every dollar 's) worth) (PP of (NP stock)) (PP-LOC in (NP (NP the Los Angeles money manager 's) portfolio))) (VP is (VP traded (NP *-1) (NP-TMP (NP (QP seven or eight) times) (NP-ADV a year))))) , (NP-SBJ the firm) (VP estimates (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ That) (VP makes (S (NP-SBJ it) (NP-PRD (NP the (ADJP most active) trader) (PP-LOC among (NP all (NP the nation 's) investment advisers)))) , (PP according (PP to (NP Securities and Exchange Commission filings)))) .)) (TOP (S But (NP-SBJ *) (VP wait (NP-TMP a second)) .)) (TOP (S (NP-SBJ Westridge Capital) (VP is (NP-PRD (NP an index fund) -- (NP (NP the type) (PP of (NP (NP stolid long-term investor) (SBAR (WHNP-1 whose goal) (S (NP-SBJ *T*-1) (VP is (S-PRD (NP-SBJ *) (VP to (VP be (NP-PRD (NP nothing) (ADJP more (PP than (ADJP average))))))))))))))) .)) (TOP (S (NP-SBJ (NP Westridge Capital 's) frenetic trading) (VP reflects (NP (NP the changes) (VP sweeping (PP-DIR through (NP (NP the (ADJP previously sleepy) world) (PP of (NP indexing))))))) .)) (TOP (S (NP-SBJ-2 Indexing) (PP for (NP the most part)) (VP has (VP involved (S (NP-SBJ *-2) (VP (VP (ADVP simply) buying (NP *RNR*-1)) and (VP (ADVP then) holding (NP *RNR*-1)) (NP-1 (NP stocks) (PP in (NP the correct mix))))) (S-PRP (NP-SBJ *) (VP to (VP (VP mirror (NP (NP a stock market barometer) , (PP such as (NP (NP Standard) & (NP Poor 's) 500-stock index)) ,)) and (VP match (NP its performance))))))) .)) (TOP (S (NP-SBJ Institutional investors) (VP have (VP poured (NP (QP $ 210 billion) *U*) (PP-CLR into (NP stock and bond indexing)) (PP as (NP (NP a cheap and easy form) (PP of (NP investment management)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP promises (S (NP-SBJ *-2) (VP to (VP post (NP average market returns))))))))))) .)) (TOP (S (NP-SBJ These big investors) (VP have (VP flocked (PP-DIR to (NP indexing)) (SBAR-PRP because (S (NP-SBJ-1 (ADJP relatively few) `` active '' stock pickers) (VP have (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP (VP (ADVP consistently) match (NP (NP the returns) (PP of (NP (NP the S&P 500) or (NP other bellwethers))))) , (VP (ADVP much less) beat (NP it)))))))))))) .)) (TOP (S And (NP-SBJ (NP the fees) (SBAR (WHNP-1 0) (S (NP-SBJ investors) (VP pay (NP *T*-1) (PP-CLR for (NP indexing)))))) (VP run (NP (NP (NP a few pennies) (PP for (NP (NP each $ 100 *U*) (PP of (NP assets))))) -- (NP (NP a fraction) (PP of (NP (NP the cost) (PP of (NP active managers))))))) .)) (TOP (S (S (NP-SBJ That) (VP 's (SBAR-PRP-PRD because (S (NP-SBJ computers) (VP do (NP (NP most) (PP of (NP the work)))))))) , and (S (NP-SBJ low trading activity) (VP keeps (NP-CLR a lid) (PP-CLR on (NP commission costs)))) .)) (TOP (S But (NP-TMP today) , (NP-SBJ indexing) (VP is (VP moving (PP-DIR from (NP a passive investment strategy)) (PP-DIR to (NP an (ADJP increasingly active) one)))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ index-fund managers) (VP are (ADVP-TMP no longer) (ADJP-PRD satisfied (PP with (S-NOM (NP-SBJ *) (ADVP merely) (VP being (ADJP-PRD average)))))))) , (NP-SBJ they) (VP have (VP developed (NP (NP `` enhanced '' indexing strategies) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP are (VP intended (S (NP-SBJ *-2) (VP to (VP outperform (NP the market) (NP-EXT (QP as much as three) percentage points))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ Indexing) (VP has (VP been (NP-PRD (NP the (ADJP most single successful) investment concept) (PP-TMP in (NP the last decade)))))) , but (S (NP-SBJ the index money) (VP has (VP been (ADVP just) (ADVP sort of) (VP sitting (ADVP-LOC-CLR there)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Seth M. Lynn) , (NP (NP president) (PP of (NP (NP Axe Core Investors Inc.) , (NP (NP an indexer) (VP based (NP *) (PP-LOC-CLR in (NP (NP Tarrytown) , (NP N.Y))))))))) .)) (TOP (S `` (ADVP-TMP Now) (NP-SBJ the interest) (VP is (PP-LOC-PRD in (SBARQ-NOM (WHNP-1 what else) (SQ can (NP-SBJ I) (VP do (NP *T*-1) (PP-CLR with (NP that money))))))) . '')) (TOP (S (PP-LOC Among (NP the souped-up indexing strategies)) : (NP-SBJ-1 Indexed portfolios) (VP can (VP be (VP built (NP *-1) (PP-CLR around (NP (NP (NP thousands) (PP of (NP stocks))) , or (NP just a few dozen))) , (PP rather than (S-NOM (NP-SBJ *-1) (VP being (VP restricted (PP-CLR to (NP the S&P 500 companies))))))))) .)) (TOP (S (NP-SBJ They) (VP can (VP (VP ignore (NP the S&P 500 stocks) (ADVP altogether)) and (VP focus (PP-CLR on (NP (NP particular types) (PP of (NP stocks)) , (PP such as (NP (NP smaller companies) , (NP those paying high dividends) or (NP (NP companies) (PP-LOC in (NP a particular industry , state or country)))))))))) .)) (TOP (S (PP With (NP (NP today 's) computer-driven program trading techniques)) , (NP-SBJ index funds) (VP can (VP trade (ADVP back and forth) (PP-CLR between (NP (NP stock-index futures) and (NP (NP the actual stocks) (VP making (PRT up) (NP indexes)) (PP such as (NP the S&P 500))))))) .)) (TOP (S (NP-SBJ Futures and options) (ADVP also) (VP make (S (NP-SBJ (NP it) (S *EXP*-3)) (ADJP-PRD possible) (S-3 (NP-SBJ *) (VP to (VP build (NP (NP `` synthetic '' index funds) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP do n't (ADVP actually) (VP own (NP (NP a single share) (PP of (NP stock))))) , but (VP can (VP produce (NP (NP returns) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP match or exceed (NP the broad stock market)))))))))))))))) .)) (TOP (S (NP-SBJ (NP One reason) (PP for (NP these hybrids))) (VP is (SBAR-PRD that (S (NP-SBJ (NP indexing 's) rapid growth) (VP is (VP slowing , (PP (ADVP particularly) for (NP (NP those `` (ADJP plain vanilla) '' funds) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP mirror (NP the S&P 500))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ There) (VP is n't (NP-PRD-1 (NP a boatload) -LCB- (PP of (NP big investors)) -RCB-) (ADVP-LOC out there) (S-ADV (NP-SBJ-4 *-1) (ADVP still) (VP waiting (S (NP-SBJ *-4) (VP to (VP get (PP-DIR into (NP indexing))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP P. James Kartalia) , (NP (NP vice president) (PP of (NP (NP (NP ANB Investment Management Co.) , (NP Chicago) ,) (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP offers (NP both (NP indexing) and (NP active management services))))))))) .)) (TOP (S -LRB- (PP-TMP After (S-NOM (NP-SBJ *) (VP tripling (PP in (NP size)) (PP-TMP in (NP the past five years))))) , (NP-SBJ index funds) (ADVP-TMP now) (VP hold (NP (NP (QP about 20) %) (PP of (NP (NP the stock) (VP owned (NP *) (PP by (NP-LGS pension funds))))))) . -RRB-)) (TOP (S (NP-SBJ A further problem) (VP is (NP-PRD razor-thin profits)) .)) (TOP (S (NP-SBJ Plain-vanilla funds) (VP have (VP become (ADJP-PRD so commonplace (SBAR that (S (NP-SBJ (NP fees) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP can (VP charge (NP *T*-1)))))) (VP have (VP (VP plunged (PP-DIR to (NP almost nothing))) , and (VP (PP in (NP some cases)) are (NP-PRD just that))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP land (NP (NP customers) (PP for (NP their well-paying stock custodial business)))))) , (NP-SBJ-1 big banks) (ADVP-TMP sometimes) (VP will (VP throw (PRT in) (NP (NP basic indexing services) (PP for (ADJP free))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (PP-PRD like (S-NOM (NP-SBJ *) (VP getting (NP a free toaster) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ you) (VP open (NP an account) (ADVP-TMP *T*-2))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Axe Core 's) Mr. Lynn) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ indexers) (VP have (VP been (VP looking (PP-CLR for (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP give (NP investors) (NP (NP something) (ADJP more (PP than (NP the average)))) (PP-CLR for (NP their money)) (ADVP-MNR *T*-1)))))))))) .)) (TOP (S And (NP-SBJ many) (VP have (VP been (ADJP-PRD successful) , (PP as (PP in (NP (NP the case) (PP of (NP (NP the index fund) (VP operated (NP *) (PP by (NP-LGS hyper-trader Westridge Capital)))))))))) .)) (TOP (S (NP-SBJ-1 Westridge Capital) (VP has (VP used (NP enhanced indexing techniques) (S-CLR (NP-SBJ *-1) (VP to (VP beat (NP (NP the S&P 500 's) returns) (PP-EXT by (NP (QP 2.5 to 3) percentage points)) (PP-TMP over (NP the past four years)) , (PP with (NP (NP the same risk level) (PP as (S-NOM (NP-SBJ *) (VP holding (NP the S&P 500 stocks))))))))) , (PP according (PP to (NP (NP James Carder) , (NP (NP the firm 's) president)))))) .)) (TOP (S (NP-SBJ Strategies) (VP vary (PP for (NP (NP Westridge Capital) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP (QP $ 300 million) *U*) (PP-LOC under (NP management))))))))) .)) (TOP (S (NP-SBJ-2 The firm) (ADVP-TMP sometimes) (VP (VP buys (NP S&P 500 futures) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP are (VP selling (PP at (NP (NP a discount) (PP to (NP the actual stocks)))) (ADVP-TMP *T*-1)))))) , and (VP will (VP switch (ADVP back and forth) (PP-CLR between (NP (NP stocks) and (NP stock-index futures))) (S-PRP (NP-SBJ *-2) (VP to (VP take (NP-CLR advantages) (PP-CLR of (NP any momentary price discrepencies)))))))) .)) (TOP (S (NP-SBJ Mr. Carder) (ADVP also) (VP goes (PP-DIR through (NP (NP periods) (SBAR (WHADVP-1 when) (S (NP-SBJ-2 he) (VP buys (NP stocks) (PP-MNR in (NP (NP conjunction) (PP with (NP options)))) (S-PRP (NP-SBJ *-2) (VP to (VP (VP boost (NP returns)) and (VP protect (PP-CLR against (NP declines)))))) (ADVP-TMP *T*-1))))))) .)) (TOP (S And (PP-TMP in (NP some months)) , (NP-SBJ he) (VP buys (NP (NP stock-index futures) and not (NP stocks) (ADVP at all))) .)) (TOP (S `` (S-TPC-2 (PP By (NP their nature)) , (NP-SBJ-1 our trades) (VP (VP are (ADJP-PRD very short-term)) and are (VP going (S (NP-SBJ *-1) (VP to (VP create (NP high turnover))))))) , '' (NP-SBJ Mr. Carder) (VP adds (S *T*-2)) .)) (TOP (X `` (X The more turnover) , (X the better (PP for (NP our clients))) . '')) (TOP (S (NP-SBJ Big indexer Bankers Trust Co.) (ADVP also) (VP uses (NP futures) (PP-LOC in (NP (NP a strategy) (SBAR (WHNP-1 that) (S (PP on (NP average)) (NP-SBJ *T*-1) (VP has (VP added (NP one percentage point) (PP-CLR to (NP (NP its enhanced fund 's) returns))))))))) .)) (TOP (S (NP-SBJ (NP J. Thomas Allen) , (NP (NP president) (PP of (NP Pittsburgh-based Advanced Investment Management Inc.))) ,) (VP agrees (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (NP-PRD a good idea) (S-1 (NP-SBJ *) (VP to (VP jump (PP-CLR between (NP the S&P 500 stocks and futures))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ You) (VP 're (VP buying (NP the S&P)))) , and (S (NP-SBJ-2 you) (ADVP-TMP always) (VP want (S (NP-SBJ *-2) (VP to (VP hold (NP (NP the cheapest form) (PP of (NP it))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S But (NP-SBJ-1 some indexers) (VP make (NP (NP (ADJP little or no) use) (PP of (NP futures))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR that (S (NP-SBJ these instruments) (VP present (NP (NP added risks) (PP for (NP investors))))))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ (NP the futures) markets) (VP have (NP a problem)))) , then (NP-SBJ those products) (VP could (VP have (NP a problem)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP John Zumbrunn) , (NP (NP managing director) (PP of (NP (NP Prudential Insurance Co.) (PP of (NP (NP America 's) Investment Index Technologies Inc. unit)))))) .)) (TOP (S (NP-SBJ Prudential) (ADVP-TMP currently) (VP is (VP seeking (NP approval (S (NP-SBJ *) (VP to (VP offer (NP (NP a new fund) (VP offering (NP (NP a return) (ADJP equal (PP to (NP (NP the S&P 500 index) plus (NP (NP 5) (PP of (NP a percentage point))))))))))))))) .)) (TOP (S (NP-SBJ An added feature) (VP is (SBAR-PRD that (S (NP-SBJ-1 the (ADJP slighty improved) return) (VP would (VP be (VP guaranteed (NP *-1) (PP by (NP-LGS Prudential)))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP many other strategies) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP bolster (NP (NP the returns) (PP of (NP index funds))))))))) .)) (TOP (S (NP-SBJ They) (VP include) :)) (TOP (NP-HLN LIMITED RISK FUNDS :)) (TOP (S (NP-SBJ-1 These) (VP guarantee (NP (NP protection) (PP against (NP stock market declines))) (PP-TMP while (S-NOM (NP-SBJ *-1) (ADVP still) (VP passing (ADVP-DIR along) (NP most gains))))) .)) (TOP (S (ADVP-LOC Here) (NP-SBJ-1 a fund) (VP may (VP promise (S (NP-SBJ *-1) (VP to (VP pay (PRT back) , (INTJ say) , (NP (NP $ 95 *U*) (PP of (NP (NP every $ 100 *U*) (VP invested (NP *) (PP-TMP for (NP a year)))))) , (SBAR-ADV even if (S (NP-SBJ the market) (VP goes (ADVP-CLR much lower))))))))) .)) (TOP (S (NP-SBJ-1 The fund) (VP could (VP invest (NP $ 87 *U*) (PP-TMP for (NP one year)) (PP-LOC-CLR in (NP (NP Treasury bills) (VP yielding (NP 8 %)))) (S-CLR (NP-SBJ *-1) (VP to (VP return (NP the guaranteed $ 95 *U*)))))) .)) (TOP (S (NP-SBJ That) (VP leaves (NP (NP $ 13 *U*) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP could (VP be (VP used (NP *-3) (S-CLR (NP-SBJ *) (VP to (VP buy (NP (NP S&P 500 options) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP will (ADVP nearly) (VP match (NP (NP any gain) (PP in (NP the S&P index)))))))))))))))))) .)) (TOP (NP-HLN MANAGER REPLICATION FUNDS :)) (TOP (S (NP-SBJ *) (VP Say (SBAR 0 (S (NP-SBJ a big investor) (VP is (ADJP-PRD interested (PP in (NP growth stocks))))))) .)) (TOP (S (S (PP Instead of (S-NOM (NP-SBJ *-2) (VP hiring (NP (NP one) (PP of (NP (NP the many active managers) (VP specializing (PP-CLR in (NP growth stocks))))))))) , (NP-SBJ-2 indexers) (VP can (VP design (NP a portfolio) (PP-CLR around (NP the same stocks))))) ; (S (NP-SBJ-1 the portfolio) (VP will (VP be (VP maintained (NP *-1) (PP by (NP-LGS computer)) , (S-ADV (NP-SBJ *) (VP reducing (NP both (NP fees) and (PRN , (PP in (NP theory)) ,) (NP risk)) -LRB- (PP-PRP because of (NP (NP the large number) (PP of (NP stocks)))) -RRB-)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP see (NP (NP a lot) (PP of (NP (NP interest) (PP in (NP (NP those kind) (PP of (NP things))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Frank Salerno) , (NP (NP a vice president) (PP of (NP Bankers Trust)))) .)) (TOP (S `` (NP-SBJ (NP People) (ADJP comfortable (PP with (NP the passive approach)))) (VP are (VP using (NP them) (PP-CLR for (NP other strategies)))) . '')) (TOP (NP-HLN TILT FUNDS :)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP an index fund) (PP with (NP a bet)))) .)) (TOP (S (PP Instead of (S-NOM (NP-SBJ *-2) (VP replicating (NP (NP the S&P 500) or (NP some other index)) (ADVP-MNR exactly)))) , (NP-SBJ-2 some stocks) (VP are (VP overweighted or underweighted (NP *-2) (PP-LOC in (NP the portfolio)))) .)) (TOP (S (S (NP-SBJ One simple approach) (VP is (S-PRD (NP-SBJ *) (VP to (VP exclude (NP (NP S&P 500 companies) (VP considered (S (NP-SBJ *) (NP-PRD bankruptcy candidates))))))))) ; (S (NP-SBJ this) (VP can (VP (VP avoid (NP weak sisters)) , but (ADVP also) (VP can (VP hurt (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP a company) (PP like (NP Chrysler Corp.))) (VP rebounds (ADVP-TMP *T*-1))))))))) .)) (TOP (FRAG (NP Another approach) : (S (NP-SBJ-1 (NP An investor) (PP with (NP (QP $ 100 million) *U*))) (VP might (VP (VP use (NP (QP $ 75 million) *U*) (S-CLR (NP-SBJ *-1) (VP to (VP buy (NP the S&P 500 index))))) and (VP spend (NP the other (QP $ 25 million) *U*) (PP-CLR on (NP (NP a favorite group) (PP of (NP stocks)))))))) .)) (TOP (NP-HLN SPECIALIZED FUNDS :)) (TOP (S (NP-SBJ-1 Indexes) (VP can (VP be (VP constructed (NP (NP *-1) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP serve (NP (NP social goals) , (PP such as (S-NOM (NP-SBJ *) (VP eliminating (NP (NP the stocks) (PP of (NP (NP companies) (VP doing (NP business) (PP-LOC in (NP South Africa)))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Other funds) (VP have (VP been (VP designed (S (NP-SBJ *-1) (VP to (VP concentrate (PP-CLR on (NP (NP stocks) (PP in (NP a geographic area)))) (SBAR-PRP in order (S (NP-SBJ *) (VP to (VP encourage (NP local investment))))))))))) .)) (TOP (S (NP-SBJ Pennsylvania State Employees Retirement System) , (PP for (NP example)) , (VP has (NP (NP (QP about $ 130 million) *U*) (VP invested (NP *) (PP-CLR in (NP (NP a fund) (PP of (NP (NP 244 companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP are (ADVP either) (ADJP-PRD Pennsylvania-based)) or (VP have (NP (NP 25 %) (PP of (NP their work forces))) (PP-LOC-CLR in (NP the state))))))))))))) .)) (TOP (S (NP-SBJ (NP Short interest) (PP-LOC on (NP the New York Stock Exchange))) (VP declined (PP-TMP for (NP the second consecutive month)) , (NP-TMP this time) (NP-EXT 4.2 %) , (SBAR-ADV while (S (NP-SBJ the American Stock Exchange) (VP reported (NP (NP its third consecutive record month) (PP of (NP short interest))))))) .)) (TOP (S (NP-SBJ The Big Board) (VP reported (SBAR that (S (NP-SBJ short interest) (VP dropped (PP-DIR to (NP 523,920,214 shares) (PP-TMP as (PP of (NP Oct. 13)))) (PP-DIR from (NP 547,347,585 shares) (PP-TMP in (NP mid-September))))))) .)) (TOP (S (NP-SBJ Amex short interest) (VP climbed (NP-EXT 3 %) (PP-DIR to (NP 53,496,665 shares)) (PP-DIR from (NP 51,911,566 shares))) .)) (TOP (S (PP For (NP the year-earlier month)) , (NP-SBJ the Big Board) (VP reported (NP 461,539,056 shares) , (S-ADV (NP-SBJ *) (VP indicating (NP a (ADJP 13.5 %) year-to-year rise))) , (SBAR-ADV while (S (NP-SBJ the Amex) (VP reported (NP (NP 36,015,194 shares) , (NP a (ADJP 48 %) leap)))))) .)) (TOP (S (NP-SBJ Amex short interest) (VP has (VP been (VP heading (ADVP-DIR upward) (PP-TMP since (NP mid-December)) , (PP with (NP (NP increases) (PP-TMP in (NP (NP each month) (PP-TMP since (ADVP then)) (PP except (PP-TMP at (NP mid-July)))))))))) .)) (TOP (S (NP-SBJ-2 (NP Traders) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sell (ADVP short))))) (VP (VP borrow (NP stock)) and (VP sell (NP it)) , (S-ADV (NP-SBJ *-2) (VP betting (SBAR (SBAR that (S (NP-SBJ (NP the stock 's) price) (VP will (VP decline)))) and (SBAR that (S (NP-SBJ they) (VP can (VP buy (NP the shares) (ADVP-CLR back) (ADVP-TMP later) (PP-CLR at (NP a lower price)) (PP-CLR for (NP (NP return) (PP to (NP the lender)))))))))))) .)) (TOP (S (NP-SBJ Short interest) (VP is (NP-PRD (NP the number) (PP of (NP shares)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP have n't (ADVP yet) (VP been (VP purchased (NP *-1) (PP-CLR for (NP (NP return) (PP to (NP lenders))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ a substantial short position) (VP reflects (NP heavy speculation (SBAR that (S (NP-SBJ (NP a stock 's) price) (VP will (VP decline)))))))) , (NP-SBJ some investors) (VP consider (S (NP-SBJ (NP an increase) (PP-LOC in (NP short interest))) (ADJP-PRD bullish)) (SBAR-PRP because (S (NP-SBJ-1 the borrowed shares) (ADVP-TMP eventually) (VP must (VP be (VP bought (NP *-1) (ADVP-CLR back))))))) .)) (TOP (S (NP-SBJ-1 (NP Fluctuation) (PP in (NP (NP short interest) (PP of (NP certain stocks))))) (ADVP also) (VP may (VP be (VP caused (NP *-1) (ADVP partly) (PP by (NP-LGS arbitraging))))) .)) (TOP (S (NP-SBJ The figures) (ADVP-TMP occasionally) (VP include (NP (NP incomplete transactions) (PP in (NP restricted stock)))) .)) (TOP (S (NP-SBJ (NP The level) (PP of (NP negative sentiment)) (VP measured (NP *) (PP by (NP-LGS (NP the Big Board) short interest ratio)))) (VP slipped (PP-DIR to (NP 3.36)) (PP-DIR from (NP (NP last month 's) 3.38))) .)) (TOP (S (NP-SBJ The ratio) (VP is (NP-PRD (NP the number) (PP of (NP trading days)) , (PP at (NP (NP the exchange 's) average trading volume)) , (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP would (VP be (VP required (NP *-2) (S-PRP (NP-SBJ *) (VP to (VP convert (NP the total short interest position))))))))))) .)) (TOP (S (NP-SBJ Some analysts) (VP suggest , (ADVP however) , (SBAR that (S (NP-SBJ the ratio) (VP has (VP weakened (PP in (NP (NP value) (PP as (NP an indicator)))) (SBAR-PRP because (S (NP-SBJ-1 (NP options) and (NP other products)) (VP can (VP be (VP used (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP hedge (NP short positions)))))))))))))) .)) (TOP (S (NP-SBJ Varity Corp.) (VP led (NP (NP the Big Board list) (PP of (NP largest short volumes))) (PP-MNR with (NP 12,822,563 shares))) .)) (TOP (S (NP-SBJ-1 Varity) (VP has (VP proposed (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP K-H Corp.) , (VP consisting (PP-CLR of (NP (NP the auto parts division) and (NP (NP some debt) (PP of (NP Fruehauf Corp.)))))) ,) (PP-CLR for (NP (NP (QP $ 577.3 million) *U*) (PP of (NP cash and securities))))))))) .)) (TOP (S (NP-SBJ Chemical Waste Management) (VP posted (NP (NP the biggest increase) (PP in (NP short volume)) (PP-LOC on (NP the New York exchange))) , (ADVP up (NP 3,383,477 shares) (PP to (NP 5,267,238)))) .)) (TOP (S (NP-SBJ (NP Bristol-Myers Squibb Co.) , (NP (NP the entity) (VP formed (NP *) (PP-CLR from (NP (NP the recent acquisition) (PP of (NP Squibb Corp.)) (PP by (NP Bristol-Myers Co.)))))) ,) (VP logged (NP (NP the largest volume decline) , (NP 7,592,988 shares) , (PP to (NP 12,017,724)))) .)) (TOP (S (NP-SBJ (NP Short interest) (PP in (NP International Business Machines Corp.))) (VP plunged (PP-DIR to (NP 1,425,035 shares)) (PP-DIR from (NP 2,387,226 shares) (ADVP-TMP (NP a month) earlier))) .)) (TOP (SINV (ADVP Also) (VP-TPC-2 (ADVP-MNR closely) watched (NP *-1)) (VP is (VP *T*-2)) (NP-SBJ-1 (NP Exxon Corp.) , (SBAR (WHADVP-3 where) (S (NP-SBJ short interest) (VP slid (PP-DIR to (NP 4,469,167 shares)) (PP-DIR from (NP 5,088,774)) (ADVP-LOC *T*-3))))) .)) (TOP (S (PP On (NP a percentage basis)) , (NP-SBJ-1 Germany Fund Inc.) (VP led (NP the gainers) , (S-ADV (NP-SBJ *-1) (VP leaping (PP-DIR to (NP 67,972 shares)) (PP-DIR from (NP three shares))))) .)) (TOP (S (NP-SBJ-1 TransCanada PipeLines Ltd.) (VP led (NP the percentage decliners) , (S-ADV (NP-SBJ *-1) (VP dropping (PP-DIR to (NP 59 shares)) (PP-DIR from (NP 183,467))))) .)) (TOP (S (NP-SBJ The Amex short interest volume leader) (ADVP again) (VP was (NP-PRD-1 Texas Air Corp.) , (S-ADV (NP-SBJ *-1) (VP rising (PP-DIR to (NP 3,820,634 shares)) (PP-DIR from (NP 3,363,949))))) .)) (TOP (S (NP-SBJ Bolar Pharmaceutical Co.) (VP posted (NP (NP the largest volume increase) , (NP 552,302 shares) , (PP to (NP 2,157,656)))) .)) (TOP (S (NP-SBJ The company) (VP is (PP-LOC-PRD under (NP (NP an investigation) (VP concerning (NP (NP procedures) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP gain (NP (NP Food and Drug Administration approval) (PP of (NP generic drugs))) (ADVP-MNR *T*-1)))))))))) .)) (TOP (S (NP-SBJ Bolar) (VP has (VP denied (NP any wrongdoing))) .)) (TOP (S (NP-SBJ (NP The largest volume drop) -- (ADVP down (NP 445,645 shares) (PP to (NP 141,903))) --) (VP came (PP-LOC in (NP (NP shares) (VP represented (NP *) (PP by (NP-LGS (NP B.A.T Industries PLC 's) American depositary receipts)))))) .)) (TOP (S (NP-SBJ The company) (VP is (VP facing (NP (NP a takeover proposal) (PP from (NP (NP the financier) (NP Sir James Goldsmith)))))) .)) (TOP (S (NP-SBJ-1 First Iberian Fund) (VP led (NP the percentage increases) , (S-ADV (NP-SBJ *-1) (VP rising (PP-DIR to (NP 73,100 shares)) (PP-DIR from (NP 184))))) .)) (TOP (S (NP-SBJ Nelson Holdings International Ltd.) (VP dropped (NP-ADV (NP the most) (PP on (NP a percentage basis))) , (PP-DIR to (NP 1,000 shares)) (PP-DIR from (NP 255,923))) .)) (TOP (S (NP-SBJ The adjacent tables) (VP show (NP (NP the Big Board and Amex issues) (SBAR (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ (NP a short interest position) (PP of (NP (QP at least 100,000) shares))) (VP existed (PP-TMP as (PP of (NP mid-October))) (PP-LOC *T*-1)))) or (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ there) (VP was (NP-PRD (NP a short position change) (PP of (NP (QP at least 50,000) shares))) (PP-TMP since (NP mid-September)) (PP-LOC *T*-2))))))) .)) (TOP (S (NP-SBJ (NP Your Oct. 12 editorial) `` (NP-TTL Pitiful , Helpless Presidency ?) '') (ADVP correctly) (VP states (SBAR that (S (NP-SBJ I) (VP was (ADJP-PRD critical (PP of (NP (NP the Bush administration 's) failure (S (NP-SBJ *) (VP to (VP have (NP any plan (S *ICH*-1)) (PP-CLR in (NP place)) (S-1 (NP-SBJ *) (VP to (VP respond (PP-MNR in (NP a timely fashion)) (PP-CLR to (NP (NP the opportunities (S (NP-SBJ *) (VP to (VP oust (NP Manuel Noriega))))) (VP presented (NP *) (PP by (NP-LGS (NP the attempted military coup) (PP-TMP on (NP Oct. 3)))))))))))))))))))) .)) (TOP (S (NP-SBJ You) (VP are (ADJP-PRD absolutely wrong) , (ADVP however) , (PP in (S-NOM (NP-SBJ *) (VP opining (SBAR that (S (NP-SBJ this position) (VP is (NP-PRD (NP (NP some kind) (PP of `` (NP flip-flop))) , '' (NP (NP something) (VP (ADVP newly) arrived (PP at (NP *)) (PP as (NP (NP a result) (PP of (S-NOM (NP-SBJ *) (VP reading (NP the opinion polls)))))))))))))))) .)) (TOP (S (NP-SBJ My position) (VP is (NP-PRD (NP one) (VP founded (NP *) (PP-CLR on (NP both (NP the facts) and (NP the law)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ you) (VP may (VP have (VP forgotten))))) , (NP-SBJ (NP public opinion) (PP about (NP Gen. Noriega))) (VP is (SBAR-LOC-PRD (WHADVP-1 where) (S (NP-SBJ it) (VP is (ADVP-LOC-PRD *T*-1)))) (PP-PRP (PP in (NP large measure)) because of (NP (NP my investigation) (PP of (NP (NP his years) (PP of (NP (NP involvement) (PP in (NP (NP narcotics smuggling) -LRB- and (NP (NP simultaneous work) (PP as (NP a U.S. operative))) -RRB-))))))))) .)) (TOP (S (NP-SBJ The public) (VP made (PRT up) (NP its mind) (PP-CLR about (NP Gen. Noriega)) (ADVP largely) (PP as (NP (NP a result) (PP of (NP (NP the hearings) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP chaired (NP *T*-1) (PP-LOC in (NP (NP the Subcommittee) (PP on (NP Terrorism and Narcotics)) (PP of (NP the Foreign Relations Committee)))) (PP-TMP (PP on (NP Feb. 8 , 9 , 10 and 11 , 1988)) , and (ADVP again) (PP on (NP April 4 , 1988))))))))))) .)) (TOP (S-CLF (NP-SBJ It) (VP was (PP-TMP-PRD during (NP those hearings)) (SBAR (WHADVP-1 that) (S (NP-SBJ the nation) (ADVP first) (VP learned (NP (NP the breadth and depth) (PP (PP of (NP (NP Gen. Noriega 's) criminality)) , and (PP of (NP (NP his enduring relationships) (PP with (NP (NP a variety) (PP of (NP U.S. government agencies)))))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ Those hearings) (ADVP also) (VP highlighted (SBAR (WHADVP-2 how) (S (NP-SBJ-1 Gen. Noriega) (VP was (ADJP-PRD able (S (NP-SBJ-3 *-1) (VP to (VP use (NP (NP his relationships) (PP with (NP these agencies))) (S-CLR (NP-SBJ-4 *-3) (VP (VP to (VP delay (NP (NP U.S. action) (PP against (NP him))))) , and (VP to (VP exploit (NP (NP (NP the administration 's) obsession) (PP with (S-NOM (NP-SBJ *) (VP overthrowing (NP the Sandinistas))))) (S-PRP (NP-SBJ *-4) (VP to (VP protect (NP his own drug-dealing)))))))))))) (ADVP-MNR *T*-2))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ former (NAC Ambassador (PP to (NP Costa Rica))) Francis J. McNeil) (VP testified (PP-LOC before (NP the subcommittee))))) , (NP-SBJ the Reagan administration) (VP (VP knew (SBAR that (S (NP-SBJ Gen. Noriega) (VP was (ADJP-PRD involved (PP with (NP narcotics))))))) , but (VP made (NP a decision (S *ICH*-1)) (PP-TMP in (NP (NP the summer) (PP of (NP 1986)))) `` (S-1 (NP-SBJ *) (VP to (VP put (NP Gen. Noriega) (PP-PUT on (NP the shelf)) (SBAR-TMP until (S (NP-SBJ-2 Nicaragua) (VP was (VP settled (NP *-2)))))))))) . '')) (TOP (S (SBAR-ADV As (S (NP-SBJ (NP the report) (VP issued (NP *) (PP by (NP-LGS the subcommittee)))) (VP concluded))) , `` (NP-SBJ Our government) (VP did (NP nothing) (PP regarding (NP (NP (NP Gen. Noriega 's) drug business) and (NP substantial criminal involvement))) (SBAR-PRP because (S (NP-SBJ the first priority) (VP was (NP-PRD the Contra war))))) .)) (TOP (S (NP-SBJ This decision) (VP resulted (PP-CLR in (S-NOM (NP-SBJ (ADVP at least) some drugs) (VP entering (NP the United States)))) (PP as (NP (NP a hidden cost) (PP of (NP the war))))) . '')) (TOP (S (ADVP Unfortunately) , (NP-SBJ this problem) (VP continued (PP-TMP even after (NP (NP Gen. Noriega 's) indictment))) .)) (TOP (S (PP-TMP Throughout (NP (NP 1988) and (NP this year))) , (NP-SBJ (NP I) and (NP (NP others) (PP-LOC in (NP Congress)))) (VP have (VP pressed (S (NP-SBJ the U.S.) (VP to (VP develop (NP (NP a plan) (PP for (S-NOM (NP-SBJ *) (VP pushing (NP this `` narcokleptocrat '') (PP-DIR out (PP of (NP Panama)))))))))))) .)) (TOP (S (ADVP Regrettably) , (NP-SBJ-1 (NP two administrations) (PP in (NP a row))) (VP have (VP been (ADJP-PRD unwilling and unable (S (NP-SBJ *-1) (VP to (VP develop (NP (NP any plan) , (ADJP military or economic) , (PP for (S-NOM (NP-SBJ *) (VP supporting (NP the Panamanian people) (PP-LOC in (NP their attempts (S (NP-SBJ *) (VP to (VP restore (NP democracy)))))))))))))))) .)) (TOP (NP (NP Sen. John Kerry) (PRN -LRB- (NP (NP D.) , (NP-LOC Mass .)) -RRB-))) (TOP (S (PP For (NP Vietnamese)) , (NP-SBJ these) (VP are (NP-PRD tricky (PRN , (ADVP-TMP often) (ADJP treacherous) ,) times)) .)) (TOP (S (PP-TMP After (NP (NP years) (PP of (NP hesitation)))) , (S (NP-SBJ-1 (ADJP economic and political) reform) (VP was (VP embraced (NP *-1) (PP-TMP at (NP (NP the end) (PP of (NP 1986))))))) , but (S (NP-SBJ-3 ringing declarations) (VP have (ADVP yet) (S (NP-SBJ-2 *-3) (VP to (VP be (VP translated (NP *-2) (PP-CLR into (NP much action)))))))) .)) (TOP (S (NP-SBJ Vietnam) (VP is (VP finding (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP turning (NP a stagnant socialist order) (PP-CLR into (NP a dynamic free market)))) (VP does n't (VP come (ADVP-MNR easy))))))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP is (ADVP-LOC-PRD *T*-1)) (SBAR-SBJ (WHADVP how) (S (NP-SBJ three Vietnamese) (VP are (VP coping (PP-CLR with (NP change)))))) :)) (TOP (NP-HLN The Tire King)) (TOP (S (NP-SBJ Nguyen Van Chan) (VP is (NP-PRD living proof (SBAR that (S (NP-SBJ old ways) (VP die (ADVP-MNR hard)))))) .)) (TOP (S (NP-SBJ-2 Mr. Chan) (VP used (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP (NP an oddity) (PP-LOC in (NP Hanoi))) : (NP a private entrepreneur)))))) .)) (TOP (S (NP-SBJ His business success) (VP made (S (NP-SBJ him) (NP-PRD an official target)) (PP-TMP in (NP pre-reform days))) .)) (TOP (S (NP-SBJ (NP Mr. Chan) , (RRC (ADVP-TMP now) (ADJP (NP 64 years) old)) ,) (VP invented (NP (NP a fountain pen) (SBAR (WHNP-1 0) (S (NP-SBJ (NP he) and (NP his family)) (VP produced (NP *T*-1) (PP-MNR from (NP plastic waste))))))) .)) (TOP (S (ADVP Later) , (NP-SBJ he) (VP marketed (NP glue)) .)) (TOP (S (NP-SBJ Both products) (VP were (ADJP-PRD immensely popular)) .)) (TOP (S (PP For (NP his troubles)) , (NP-SBJ-1 Mr. Chan) (VP was (VP jailed (NP *-1) (NP-TMP three times) (PP-TMP between (NP 1960 and 1974)))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ-2 his operation) (VP was (VP (VP registered (NP *-2)) and (VP used (NP only scrap)))))) , (NP-SBJ-1 he) (VP was (VP accused (NP-3 *-1) (PP-CLR of (S-NOM (NP-SBJ *-3) (VP (VP conducting (NP illegal business)) and (VP possessing (NP illegal materials))))))) .)) (TOP (S (ADVP-TMP Once) (NP-SBJ-1 he) (VP was (VP held (NP *-1) (PP-TMP for (NP three months)) (PP without (S-NOM (NP-SBJ *-1) (VP being (VP charged)))))) .)) (TOP (S (S (NP-SBJ-1 Things) (VP were (VP supposed (S (NP-SBJ *-1) (VP to (VP change (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP Vietnam 's) economic reforms) (VP gathered (NP pace) (ADVP-TMP *T*-2)))))))))) , and (S (PP-TMP for (ADVP awhile)) (NP-SBJ they) (VP did (VP *?*))) .)) (TOP (S (PP-TMP After (NP (NP years) (PP of (NP experimenting)))) , (NP-SBJ Mr. Chan) (VP produced (NP (NP a heavy-duty bicycle tire) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP outlasted (NP its state-produced rival)))))) .)) (TOP (S (PP-TMP By (NP 1982)) , (NP-SBJ he) (VP was (VP selling (NP (NP thousands) (PP of (NP tires))))) .)) (TOP (S (S (NP-SBJ Newspapers) (VP published (NP (NP articles) (PP about (NP him))))) , and (S (NP-SBJ-1 he) (VP was (VP hailed (NP *-1) (PP-CLR as `` (NP the tire king))))) . '')) (TOP (S (NP-SBJ His efforts) (VP (VP earned (NP a gold medal) (PP-LOC at (NP a national exhibition))) -- and (VP attracted (NP (NP renewed attention) (PP from (NP local authorities))))) .)) (TOP (S (NP-SBJ District police) (PP-TMP in (NP 1983)) (VP (VP descended (PP-CLR on (NP (NP his suburban home) , (SBAR (WHNP-1 which) (S (NP-SBJ (NP he) and (NP his large family)) (VP used (NP *T*-1) (PP-CLR as (NP both residence and factory))))) ,))) and (VP demanded (NP proof (SBAR 0 (S (NP-SBJ the house and equipment) (VP were (NP-PRD his))))))) .)) (TOP (S (NP-SBJ He) (VP produced (NP it)) .)) (TOP (S `` (S-TPC-2 (NP-SBJ That) (VP was (NP-PRD (NP the first time) (SBAR (WHADVP-1 0) (S (S (NP-SBJ they) (VP lost)) and (S (NP-SBJ I) (VP won)) (ADVP-TMP *T*-1)))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ-1 He) (VP was (ADVP further) (VP questioned (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP determine (SBAR if (S (NP-SBJ he) (VP was `` (NP-PRD (NP a real working man) or (NP an exploiter)))))))))) . '')) (TOP (SINV (VP Says (S *ICH*-2)) (NP-SBJ Mr. Chan) : `` (S-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ I) (VP showed (SBAR 0 (S (NP-SBJ it) (VP was (PP-PRD from (NP my own brain))))) (ADVP-TMP *T*-1)))) , (NP-SBJ they) (VP lost (PP-TMP for (NP the second time)))) . '')) (TOP (S But (ADVP-TMP (NP a few days) later) (NP-SBJ the police) (VP accused (NP-1 him) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP (VP stealing (NP electricity)) , (VP acquiring (NP rubber) (PP-MNR without (NP permission))) and (VP buying (NP stolen property)))))) .)) (TOP (S (S-ADV (NP-SBJ-3 *-2) (VP Warned (NP *-3) (SBAR 0 (S (NP-SBJ-4 he) (VP was (S (NP-SBJ-1 *-4) (VP to (VP be (VP jailed (NP *-1) (ADVP again)))))))))) , (NP-SBJ-2 he) (VP fled (PP-DIR to (NP the countryside))) .)) (TOP (S (NP-SBJ-1 His family) (VP was (VP given (NP *-1) (NP (NP three hours) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP leave (ADVP-TMP *T*-3)))))) (SBAR-TMP before (S (NP-SBJ-2 the house and contents) (VP were (VP confiscated (NP *-2))))))) .)) (TOP (S (PP With (NP (NP only the clothes) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP were (VP wearing (NP *T*-1))))))) , (NP-SBJ family members) (VP moved (PP-DIR to (NP (NP a home) (VP owned (NP *) (PP by (NP-LGS (NP one) (PP of (NP (NP Mr. Chan 's) sons)))))))) .)) (TOP (S (PP-TMP After (NP (NP six months) (PP on (NP the run)))) , (NP-SBJ Mr. Chan) (VP learned (SBAR 0 (S (NP-SBJ-1 (NP the order) (PP for (NP his arrest))) (VP had (VP been (VP canceled (NP *-1))))))) .)) (TOP (S (NP-SBJ-1 He) (VP (VP rejoined (NP his family) (PP-TMP in (NP January 1984))) and (VP began (NP (NP the long struggle) (PP for (NP justice))) , (S-ADV (NP-SBJ *-1) (VP pressing (NP (NP everyone) (PP (PP from (NP Hanoi municipal officials)) (PP to (NP National Assembly deputies)))) (PP-CLR for (NP (NP restoration) (PP of (NP his rights)))))))) .)) (TOP (S (NP-SBJ-1 (NP He) and (NP his family)) (VP kept (ADJP-PRD afloat) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP (VP repairing (NP bicycles)) , (VP selling (NP fruit)) and (VP doing (NP odd jobs)))))) .)) (TOP (S (NP-SBJ Mr. Chan) (VP (VP achieved (NP a breakthrough) (PP-TMP in (NP 1987))) -- and (VP became (NP-PRD a minor celebrity) (ADVP again)) -- (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 his story) (VP was (VP published (NP *-1) (PP-LOC in (NP a weekly newspaper)) (ADVP-TMP *T*-2)))))) .)) (TOP (S (PP-TMP In (NP 1988)) , (SBAR-TMP (NP 18 months) after (S (NP-SBJ the sixth congress) (ADVP-MNR formally) (VP endorsed (NP family-run private enterprise)))) , (NP-SBJ district authorities) (VP allowed (S (NP-SBJ Mr. Chan) (VP to (VP resume (NP work))))) .)) (TOP (S (PP-TMP By (NP late last year)) (NP-SBJ-1 he) (VP was (VP invited (NP *-1) (ADVP-CLR back) (PP as `` (NP the tire king) '') (S-PRP (NP-SBJ *-1) (VP to (VP display (NP his products) (PP-LOC at (NP a national exhibition))))))) .)) (TOP (S (NP-SBJ-1 National leaders) (VP stopped (PP-LOC by (NP his stand)) (S-PRP (NP-SBJ *-1) (VP to (VP commend (NP his achievements))))) .)) (TOP (S (NP-SBJ Mr. Chan) (ADVP-TMP now) (VP produces (NP (NP (NP 1,000 bicycle and motorbike tires) (NP-ADV a month)) and (NP (NP 1,000 tins) (PP of (NP tire-patching glue)))) (PP-LOC in (NP (NP the son 's) small house))) .)) (TOP (S (NP-SBJ (NP Eighteen people) (NP *ICH*-1)) (VP pack (NP (NP the house 's) two rooms) -- (NP-1 (NP the Chans) , (NP (NP four) (PP of (NP their 10 children)) (PP with (NP spouses))) , and (NP (NP eight) (PP of (NP 22 grandchildren))))) .)) (TOP (S (NP-SBJ Most) (VP sleep (PP-LOC on (NP the floor))) .)) (TOP (S (PP-TMP Come (NP daybreak)) , (NP-SBJ (NP eight family members) and (NP two other workers)) (VP unroll (NP (NP a sheet) (PP of (NP raw rubber)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP covers (NP (NP the floor) (PP of (NP the house)))) and (VP spills (ADVP out) (PP onto (NP the street)))))))) .)) (TOP (S (NP-SBJ The primitive operations) (ADVP also) (VP burst (PP-DIR out (NP the back door)) (PP-DIR into (NP (NP a small courtyard) , (SBAR (WHADVP-2 where) (S (S (NP-SBJ an ancient press) (VP squeezes (NP rubber solution) (PP-CLR into (NP a flat strip)))) and (S (NP-SBJ-1 (ADJP newly made) tires) (VP are (VP cooled (NP *-1) (PP-LOC in (NP (NP a bathtub) (VP filled (NP *) (PP-MNR with (NP water)))))))) (ADVP-LOC *T*-2)))))) .)) (TOP (S (NP-SBJ Mr. Chan) (VP talks (ADVP-MNR optimistically) (PP of (S-NOM (NP-SBJ *) (VP (VP expanding) , (VP (ADVP maybe) (ADVP even) moving (PP-DIR into (NP the import-export field))))))) .)) (TOP (S (ADVP-TMP First) , (ADVP however) , (NP-SBJ he) (VP has (NP unfinished business)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ district authorities) (VP allowed (S (NP-SBJ him) (VP to (VP resume (NP manufacturing)))) (ADVP-TMP *T*-1)))) , (NP-SBJ they) (VP released (NP (NP only one) (PP of (NP his machines)))) .)) (TOP (S (NP-SBJ They) (VP did n't (VP return (NP (NP the rubber stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP represent (NP his capital))))))) .)) (TOP (SINV Nor did (NP-SBJ they) (VP return (NP (NP his house and contents) , (SBAR (WHNP-1 which) (S (NP-SBJ he) (VP values (NP *T*-1) (PP-CLR at (NP (QP about $ 44,000) *U*))))))) .)) (TOP (S (NP-SBJ-1 He) (VP wants (S (NP-SBJ *-1) (VP to (VP recover (NP (NP more) (PP than (NP just his property)))))) , (ADVP though)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP want (NP my dignity) (PRT back))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (NP-HLN The Editor)) (TOP (S (NP-SBJ Nguyen Ngoc) (VP seemed (NP-PRD an obvious choice) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the Vietnamese Writers Association) (VP was (VP looking (PP-CLR for (NP (NP a new editor) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP reform (NP (NP its weekly newspaper) , (NP Van Nghe)))))))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (PP-TMP After (NP the sixth congress)) , (NP-SBJ-1 journalists) (VP seized (NP (NP the opportunity) (VP provided (NP *) (PP by (NP-LGS the liberalization)))) (S-PRP (NP-SBJ *-1) (VP to (VP probe (NP (ADJP previously taboo) subjects))))) .)) (TOP (S (S (NP-SBJ (NP Mr. Ngoc) , (NP 57 years old) ,) (VP had (NP solid reformist credentials))) : (S (NP-SBJ He) (VP had (VP lost (NP (NP his official position) (PP-LOC in (NP the association))) (PP-TMP in (NP he early 1980s)) (SBAR-PRP because (S (NP-SBJ he) (VP questioned (NP (NP the intrusion) (PP of (NP politics)) (PP into (NP literature))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Appointed (NP (NP editor) (PP in (NP chief))) (PP-TMP in (NP July 1987)))) , (NP-SBJ-1 Mr. Ngoc) (ADVP-MNR rapidly) (VP turned (NP the staid Van Nghe) (PP-CLR into (NP (NP Vietnam 's) hottest paper))) .)) (TOP (S (NP-SBJ Circulation) (VP soared (SBAR-ADV as (S (NP-SBJ-1 the weekly) (VP went (PP-DIR (ADVP way) beyond (NP standard literary themes)) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP cover (NP (NP Vietnamese society) and (NP its ills))))))))) .)) (TOP (S (NP-SBJ-1 Readers) (VP were (VP (VP electrified (NP *-1) (PP by (NP-LGS (NP the paper 's) audacity))) and (VP appalled (NP *-1) (PP by (NP-LGS (NP the dark side) (PP of (NP life)) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP uncovered (NP *T*-2))))))))) .)) (TOP (S (NP-SBJ One article) (VP recounted (NP (NP a decade-long struggle (S *ICH*-1)) (PP by (NP a wounded soldier)) (S-1 (NP-SBJ *) (VP to (VP prove , (ADVP-MNR officially) , (SBAR 0 (S (NP-SBJ he) (VP was (ADJP-PRD alive))))))))) .)) (TOP (S (NP-SBJ Another) (VP described (SBAR (WHADVP how) (S (NP-SBJ (NP tax-collection officials) (PP-LOC in (NP Thanh Hoa province))) (NP-TMP one night) (VP (VP stormed (PP-DIR through (NP homes))) and (VP confiscated (NP rice) (PP from (NP starving villagers))))))) .)) (TOP (S (NP-SBJ The newspaper) (ADVP also) (VP ran (NP (NP a series) (PP of (NP (NP controversial short stories) (PP by (NP (NP Nguyen Huy Thiep) , (NP a former history teacher) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP stirred (NP debate) (PP over (NP (NP his interpretation) (PP of (NP Vietnamese culture))))) and (VP took (NP a (ADJP thinly veiled) swipe) (PP-CLR at (NP (NP writers) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP had (VP blocked (NP (NP his entry) (PP into (NP their official association))))))))))))))))))) .)) (TOP (S (NP-SBJ Van Nghe) (ADVP-MNR quickly) (VP made (NP influential enemies)) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP (NP Those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP manage (NP ideology))))) and (NP (NP a large number) (PP of (NP writers)))) (VP reacted (ADVP-MNR badly) '' (PP-CLR to (NP the restyled paper)))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Lai Nguyen An) , (NP a literary critic)) .)) (TOP (S (PP-TMP After (NP (NP months) (PP of (NP internal rumblings)))) , (NP-SBJ-1 Mr. Ngoc) (VP was (VP fired (NP *-1) (NP-TMP last December))) .)) (TOP (S (NP-SBJ His dismissal) (VP triggered (NP (NP a furor) (PP-LOC among (NP intellectuals)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP continues (NP-TMP today)))))) .)) (TOP (SINV `` (S-TPC-2 (PP-LOC Under (NP Mr. Ngoc)) , (NP-SBJ Van Nghe) (VP protected (NP (NP the people) (CONJP instead of) (NP the government)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Nguyen Duy) , (NP (NP a poet) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP (NP the paper 's) bureau chief) (PP for (NP southern Vietnam)))))))) .)) (TOP (S `` (NP-SBJ The paper) (VP reflected (NP the truth)) .)) (TOP (S (PP For (NP the leadership)) , (NP-SBJ that) (VP was (ADJP-PRD too painful (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP bear (NP *T*-1))))))) . '')) (TOP (NP-HLN The ` Billionaire ')) (TOP (S (NP-SBJ Nguyen Thi Thi) (VP is (NP-PRD (NP (NP Vietnam 's) entrepreneur) (PP of (NP the 1980s)))) .)) (TOP (S (NP-SBJ Her challenge) (VP is (S-PRD (NP-SBJ *) (VP to (VP keep (NP her fledgling empire) (PP-LOC-CLR on (NP top)) (PP-TMP in (NP the 1990s)))))) .)) (TOP (S (NP-SBJ-1 Mrs. Thi) (VP did n't (VP wait (PP-CLR for (NP the reforms)) (S-PRP (NP-SBJ *-1) (VP to (VP get (NP her start)))))) .)) (TOP (S (NP-SBJ-1 She) (VP charged (ADVP-DIR ahead (PP of (NP (NP the government) and (NP the law)))) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP establish (NP Hochiminh City Food Co.) (PP-CLR as (NP (NP the biggest rice dealer) (PP-LOC in (NP the country)))))))) .)) (TOP (S (NP-SBJ (NP Her success) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP included (S (NP-SBJ *) (VP alleviating (NP an urban food shortage) (PP-TMP in (NP the early 1980s))))))) ,) (VP helped (VP persuade (NP-2 Hanoi) (S (NP-SBJ *-2) (VP to (VP take (NP the reform path)))))) .)) (TOP (S (NP-SBJ Her story) (VP is (VP becoming (NP-PRD (NP part) (PP of (NP local folklore))))) .)) (TOP (S (NP (NP A lifelong revolutionary) (PP with (NP little education)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP fought (NP both (NP the French) and (NP the U.S.-backed Saigon regime))))) ,) (NP-SBJ she) (VP switched (ADVP-MNR effortlessly) (PP-DIR to (NP commerce)) (PP-TMP after (NP the war))) .)) (TOP (S (NP-SBJ Her instincts) (VP were (ADJP-PRD capitalistic) , (PP despite (NP her background))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ she) (VP rode (PP-DIR over (NP regulations))))) , (NP-SBJ (NP only her friendship) (PP with (NP (NP party leaders) , (PP including (NP (NP Nguyen Van Linh) , (RRC (ADVP-TMP then) (NP Ho Chi Minh City party secretary)) ,))))) (VP kept (NP her) (PP-LOC-CLR out (PP of (NP jail)))) .)) (TOP (S (PP-TMP Following (NP (NP (NP Mr. Linh 's) appointment) (PP as (NP (NP secretary-general) (PP of (NP the party)))) (PP-LOC at (NP the sixth congress)))) , (NP-SBJ Mrs. Thi) (VP has (VP become (NP-PRD (NP the darling) (PP of (NP `` (NP doi moi) '' , (NP (NP the Vietnamese version) (PP of (NP perestroika)))))))) .)) (TOP (S (NP-SBJ The authorities) (VP have (VP steered (NP-1 foreign reporters) (PP-DIR to (NP her office)) (S-CLR (NP-SBJ *-1) (VP to (VP see (NP (NP an example) (PP of `` (NP (NP the new way) (PP of (NP thinking)))))))))) . '')) (TOP (S (NP-SBJ Foreign publications) (VP have (VP responded (PP-MNR with (NP (NP articles) (VP declaring (NP her) (NP (NP Vietnam 's) richest woman)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Some people) (VP call (S (NP-SBJ me) (NP-PRD the communist billionaire)))) , '' (NP-SBJ she) (VP has (VP told (NP visitors) (S *T*-1))) .)) (TOP (S (ADVP Actually) , (NP-SBJ 67-year-old Mrs. Thi) (VP is (ADJP-PRD (ADJP about as poor) (PP as (NP (NP almost everyone else) (PP-LOC in (NP this impoverished land)))))) .)) (TOP (S (S (NP-SBJ She) (VP has (ADVP indeed) (VP turned (NP Hochiminh City Food) (PP-CLR into (NP a budding conglomerate))))) , but (S (NP-SBJ (NP the company) (NP itself)) (VP remains (ADJP-PRD state-owned))) .)) (TOP (S (NP-SBJ She) (VP manages (NP it) (PP-MNR with (NP (NP the title) (PP of (NP general-director))))) .)) (TOP (S (NP-SBJ (NP The heart) (PP of (NP the business))) (VP is (NP-PRD (NP the purchase) (PP of (NP (NP rice) and (NP (NP other commodities) , (PP such as (NP corn and coffee)) ,))) (PP from (NP (NP farmers) (PP-LOC in (NP the south))))) , (S-ADV (NP-SBJ *) (VP paying (PP with (NP (NP fertilizer) , (NP farm tools) and (NP other items)))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ Hochiminh City Food) (VP says (SBAR 0 (S (NP-SBJ it) (VP bought (NP (NP two million metric tons) (PP of (NP unhusked rice)) , (NP (NP (QP more than 10) %) (PP of (NP (NP the country 's) output)))))))) .)) (TOP (S (NP-SBJ The company) (VP operates (NP (NP a fleet) (PP of (NP trucks and boats)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP transport (NP the commodities) (PP-DIR to (NP its warehouses)))))))) .)) (TOP (S (NP-SBJ A subsidiary company) (VP processes (NP commodities) (PP-CLR into (NP (NP foods) (PP such as (NP instant noodles)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP are (VP sold (NP *-1) (PP with (NP the rice)) (PP-MNR through (NP a vast retail network))))))))) .)) (TOP (S (PP-TMP In (NP recent years)) , (NP-SBJ-2 Mrs. Thi) (VP has (VP started (S (NP-SBJ *-2) (VP to (VP diversify (NP the company)))) , (S-ADV (NP-SBJ *-2) (VP (VP taking (NP (NP a (ADJP 20 %) stake) (PP-LOC in (NP (ADJP newly established) , (ADJP partly private) (ADJP Industrial and Commercial) Bank)))) , and (VP setting (PRT up) (NP (NP Saigon Petro) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns and operates (NP (NP Vietnam 's) first oil refinery)))))))))) .)) (TOP (S (NP-SBJ Mrs. Thi) (VP says (SBAR 0 (S (NP-SBJ Hochiminh City Food) (NP-TMP last year) (VP increased (NP pretax profit) (NP-EXT 60 %) (PP-DIR to (NP (NP the equivalent) (PP of (NP (QP about $ 2.7 million) *U*)))) (PP on (NP (NP sales) (PP of (NP (QP $ 150 million) *U*)))))))) .)) (TOP (S (NP-SBJ She) (VP expects (S (NP-SBJ both revenue and profit) (VP to (VP gain (NP-TMP this year))))) .)) (TOP (S (NP-SBJ She) (VP is (ADJP-PRD almost cavalier (PP about (NP the possibility (SBAR 0 (S (NP-SBJ (NP Vietnam 's) reforms) (VP will (VP create (NP (NP rivals) (PP-LOC on (NP her home turf))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP do n't (VP mind (NP (NP the competition) (PP-LOC inside (NP the country)))))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP am (ADVP only) (ADJP-PRD afraid (SBAR that (S (PP with (NP (NP Vietnam 's) poor-quality products)) (NP-SBJ we) (VP ca n't (VP compete (PP-CLR with (NP neighboring countries)))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-2 (NP The earthquake) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP hit (NP the San Francisco Bay area))))) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP result (PP-CLR in (NP (NP wholesale downgrading) (PP of (NP bond ratings)))))))))) , (NP-SBJ (NP officials) (PP-LOC at (NP the two major rating agencies))) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ (NP Standard & Poor 's) Corp.) (VP is (VP reviewing (NP (NP debt) (VP issued (NP *) (PP by (NP-LGS 12 California counties))))))) , and `` (S (NP-SBJ there) (VP are (NP-PRD potential isolated problems)))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Hyman Grossman) , (NP a managing director)) .)) (TOP (S (NP-SBJ The agency) (VP is (VP preparing (NP (NP a report) , (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP issued (NP *-1) (NP-TMP today)))))) , (PP on (NP (NP (NP the earthquake 's) impact) (PP on (NP the (ADJP property- and casualty-insurance) industry))))))) .)) (TOP (S (NP-SBJ (NP The only securities) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (ADVP-TMP so far) (VP to (VP be (VP singled (PRT out) (NP *-2))))))) (VP are (NP-PRD (NP those) (VP issued (NP *) (PP by (NP-LGS Bay View Federal Savings & Loan))))) .)) (TOP (S (NP-SBJ (NP Moody 's) Investors Service Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP reviewing , (PP with (NP (NP an eye) (PP toward (NP a possible downgrade)))) , (NP (NP the ratings) (PP on (NP (NP Bay View Federal bonds) , (NP long-term deposits) and (NP (NP the preferred-stock rating) (PP of (NP (NP its parent company) , (NP Bay View Capital Corp)))))))))))) .)) (TOP (S (PP As (PP for (NP property and casualty insurers))) , (NP-SBJ Moody 's) (VP said (SBAR 0 (S `` (S (NP-SBJ preliminary estimates) (VP suggest (SBAR that (S (NP-SBJ losses) (VP should not (VP have (NP (NP a significant impact) (PP on (NP (NP most insurers ') financial condition))))))))) , '' but (S (NP-SBJ it) `` (VP raises (NP (NP concerns) (PP about (NP (ADJP potentially substantial) risks)) '' (ADJP longer-term))))))) .)) (TOP (S `` (NP-SBJ-1 (NP Losses) (PP from (NP the earthquake))) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP be (PP-PRD of (NP (NP similar magnitude) (PP to (NP (NP those) (PP of (NP Hurricane Hugo))))))))) , '' (PP according (PP to (NP Moody 's))))) .)) (TOP (S (NP-SBJ (NP Your Oct. 5 editorial) `` (NP-TTL A Democratic Tax Cut) '') (VP contained (NP an error)) .)) (TOP (S (PP-LOC In (NP the third paragraph)) (NP-SBJ it) (VP referred (PP-CLR to (NP (NP the senators) (VP seeking (NP loophole suggestions) (PP-CLR from (NP (NP lobbyists) (PP for (NP (NP various sectors) (PP of (NP the economy)))))))))) .)) (TOP (FRAG (PP-LOC Among (NP them)) , `` (NP banana farmers) . '')) (TOP (S (NP-SBJ (NP The only significant commercial banana farmers) (PP-LOC in (NP the U.S.))) (VP are (PP-LOC-PRD in (NP Hawaii))) .)) (TOP (S (NP-SBJ (NP The Hawaii Banana Industry Association) , (SBAR (WHPP-1 to (WHNP which)) (S (NP-SBJ (NP nearly all) (PP of (NP them))) (VP belong (PP-CLR *T*-1)))) ,) (VP has (NP no lobbyist)) .)) (TOP (NP (NP Thomas V. Reese Sr .) (NP Maui Banana Co .))) (TOP (S (NP-SBJ-1 Western Digital Corp.) (VP reported (NP (NP a net loss) (PP of (NP (NP (QP $ 2.7 million) *U*) , or (NP (NP nine cents) (NP-ADV a share)) ,))) (PP for (NP (NP its first quarter) (VP ended (NP-TMP-CLR Sept. 30)))) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP factors) (ADJP (ADJP as varied) (PP as (NP (NP hurricane damage) , (NP (NP an advance) (PP-LOC in (NP graphics technology))) and (NP the strengthening dollar)))))))) .)) (TOP (S (PP-TMP In (NP the year-ago period)) , (NP-SBJ the company) (VP earned (NP (NP (QP $ 12.9 million) *U*) , or (NP (NP 45 cents) (NP-ADV a share))) , (PP on (NP (NP sales) (PP of (NP (QP $ 247 million) *U*))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Sales) (PP for (NP the just-ended period))) (VP fell (PP-DIR to (NP (QP about $ 225 million) *U*)))) , (NP-SBJ (NP the maker) (PP of (NP computer parts))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP Nonetheless) , (NP-SBJ Chairman Roger W. Johnson) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ the company) (VP to (VP be (ADJP-PRD profitable) (PP-TMP in (NP the current quarter))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-3 We) (VP are (VP positioned (S (NP-SBJ *-3) (VP to (VP come (ADVP-DIR through))))))) , '' (NP-SBJ-2 he) (VP said (S *T*-1) , (S-ADV (NP-SBJ *-2) (VP noting (SBAR that (S (NP-SBJ (NP the company 's) backlog) (VP was (ADVP-PRD up (PP from (NP the previous quarter))))))))) .)) (TOP (S (PP-TMP In (NP its second quarter)) (NP-TMP last year) , (NP-SBJ Western Digital) (VP earned (NP (NP (QP $ 12.7 million) *U*) , or (NP (NP 44 cents) (NP-ADV a share))) , (PP on (NP (NP sales) (PP of (NP (QP $ 258.4 million) *U*))))) .)) (TOP (S (NP-SBJ Mr. Johnson) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (NP Western Digital 's) plant) (PP-LOC in (NP Puerto Rico))) (VP was (VP affected (NP *-1) (PP by (NP-LGS Hurricane Hugo))))))) , (VP losing (NP (NP three days ') production) (PP-PRP because of (NP (NP the storm) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP wrecked (NP (NP much) (PP of (NP (NP the Caribbean island 's) infrastructure))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-2 (NP the plant) (NP itself)) (VP was n't (VP damaged (NP *-2))))) , (NP-SBJ Mr. Johnson) (VP said (SBAR 0 (S (NP-SBJ-1 (NP millions) (PP of (NP dollars)) (PP in (NP first-quarter revenue))) (VP were (VP lost (NP *-1)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The revenue) (VP will (VP be (VP regained (NP *-1) (PP-TMP in (NP the current period)))))) , (NP-SBJ he) (VP added (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-3 (NP-SBJ There) (VP are (NP-PRD no plans (S (NP-SBJ *) (VP to (VP initiate (NP a common stock dividend))))))) , (NP-SBJ-2 Mr. Johnson) (VP said (SBAR 0 (S *T*-3)) , (S-ADV (NP-SBJ *-2) (VP explaining (SBAR that (S (NP-SBJ-4 the board) (VP continues (S (NP-SBJ *-4) (VP to (VP believe (SBAR 0 (S (NP-SBJ-1 shareholders) (VP are (VP (ADVP best) served (NP *-1) (PP-MNR by (S-NOM (NP-SBJ *) (VP reinvesting (NP excess cash))))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Johnson) (VP said (SBAR 0 (S (NP-SBJ the first-quarter loss) (ADVP also) (VP (ADVP heavily) reflected (NP (NP a rapid change) (PP in (NP (NP graphics) technology)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP left (NP reseller channels) (PP-CLR with (NP (NP (NP too many) (PP of (NP the old computer graphics boards))) and (NP (NP (ADJP too few) new monitors) (ADJP compatible (PP with (NP the new graphics boards)))))))))))))) .)) (TOP (S (NP-SBJ Western Digital) (VP does n't (VP make (NP the monitors))) .)) (TOP (S (NP-SBJ (NP An accelerating move) (PP by (NP personal computer manufacturers ')) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP include (NP advanced graphics capabilities) (PP-MNR as (NP standard equipment)) (ADVP-MNR *T*-1)))))) (ADVP further) (VP dampened (NP (NP reseller purchases) (PP of (NP (NP Western Digital 's) equipment)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP (NP The other areas) (PP of (NP the business))) -- (NP storage and microcomputers) --) (VP were (ADJP-PRD very good))) , '' (NP-SBJ Mr. Johnson) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ Western Digital) (VP has (VP (VP reacted (ADVP-MNR swiftly) (PP-CLR to (NP (NP the movement) (PP to (NP video graphics array (PRN , VGA ,) graphics technology)) (PP from (NP the old enhanced graphics adapter (PRN , (NP (NP EGA) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP a lower resolution standard)))) ,)) technology))))) and (VP (ADVP-TMP now) is (NP-PRD (NP one) (PP of (NP (NP the leading producers) (PP of (NP these newer units))))))))))) .)) (TOP (S-2 (S (NP-SBJ-1 (NP Other makers) (PP of (NP video controller equipment))) (ADVP also) (VP were (VP caught (NP *-1) (PP-LOC in (NP the EGA-VGA shift))))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) `` but (S (NP-SBJ-3 we) (VP were (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP respond (ADVP-MNR much more quickly))))))) . '')) (TOP (S-1 (ADVP Still) (PRN , (S (NP-SBJ Mr. Johnson) (VP said (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ our stock) (VP is (ADVP-PRD grossly undervalued)) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP has (VP cut (NP operating expenses) (PP-EXT by (NP (QP about 10) %)) (PP-TMP over (NP the last few quarters)) , (SBAR-TMP while (S (NP-SBJ *-1) (VP maintaining (NP research and development) (PP-CLR at (NP (NP (QP about 8 % to 9 %) *U*) (PP of (NP sales)))))))))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP (NP its reorganization) (NP-TMP this week))))) , (NP-SBJ Western Digital) (VP has (VP divided (NP its business) (PP-CLR into (NP (NP two segments) -- (NP (NP (NP storage products) , (PP including (NP (NP controllers) and (NP disk drives)))) ; and (NP (NP microcomputer products) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP include (NP graphics , communications and peripheral control chips)))))))))) .)) (TOP (S (NP-SBJ-1 Graphics , communications and peripheral control chips) (VP were (VP combined (NP *-1) (SBAR-PRP because , (S (ADVP increasingly) , (NP-SBJ-2 multiple functions) (VP are (VP being (VP governed (NP *-2) (PP by (NP-LGS a single chip))))))))) .)) (TOP (S (NP-SBJ (NP Storage) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP (NP computer controllers) and (NP 3.5-inch disk drives))))) ,) (VP represents (NP (NP nearly two-thirds) (PP of (NP (NP the company 's) business)))) .)) (TOP (S (NP-SBJ (NP Disk drives) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP allow (S (NP-SBJ a computer) (VP to (VP access (NP its memory))))))) ,) (VP generated (NP (ADJP (NP-ADV 38 %) more) revenue) (PP-TMP in (NP the (ADJP most recent) period)) (PP compared (PP with (NP (NP the fiscal first quarter) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S-2 (NP-SBJ Computer parts) (VP are (VP (VP getting (ADJP-PRD ever smaller)) (PRN , (S (NP-SBJ Mr. Johnson) (VP said (SBAR 0 (S *T*-2))))) , (NP (NP a shrinking) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP propelled (NP laptops) (PP-DIR into (NP (NP position) (PP as (NP (NP the fastest-growing segment) (PP of (NP the computer business))))))))))))) .)) (TOP (S-2 (SBAR-ADV As (S (NP-SBJ-1 (ADJP (ADJP smaller) and (ADJP more powerful)) computers) (VP continue (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the focus) (PP of (NP the industry))))))))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) (NP-SBJ Western Digital) (VP is (VP strengthening (NP (NP development) (PP of (NP laptop parts))))) .)) (TOP (S (NP-TMP Next year) (NP-SBJ-1 Western Digital) (VP plans (S (NP-SBJ *-1) (VP to (VP consolidate (NP its operations) (PP-CLR from (NP (NP 11 buildings) (PP-LOC in (NP Irvine)))) (PP-CLR into (NP (NP (NP two buildings) (PP-LOC in (NP the same city))) (NP (NP a new headquarters) and (PRN , (ADVP-LOC (NP a block) away) ,) (NP a modern (ADJP (QP $ 100 million) *U*) silicon wafer fabrication plant)))))))) .)) (TOP (S (NP-SBJ The plan) (VP will (VP help (NP the company) (PP-LOC in (NP (NP its existing joint manufacturing agreement) (PP with (NP AT&T)))))) .)) (TOP (S (S (NP-SBJ (NP About half) (PP of (NP (NP Western Digital 's) business))) (VP is (ADVP-LOC-PRD overseas))) , and (S (NP-SBJ Mr. Johnson) (VP expects (S (NP-SBJ that proportion) (VP to (VP continue))))) .)) (TOP (S-1 (NP-SBJ Plans (S (NP-SBJ *) (VP to (VP dissolve (NP (NP many) (PP of (NP (NP the trade barriers) (PP-LOC within (NP Europe))))) (PP-TMP in (NP 1992)))))) (VP creates (NP (NP significant opportunities) (PP for (NP the company))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (SBAR-PRP (ADVP particularly) since (S (NP-SBJ Western Digital) (ADVP already) (VP manufactures (ADVP-LOC there))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Capitalizing (PP-CLR on (NP that presence)))) , (NP-SBJ-1 Western Digital) (VP is (VP launching (NP a major effort (S (NP-SBJ *) (VP to (VP develop (NP (NP the embryonic reseller market) (PP-LOC in (NP Europe))))))))) .)) (TOP (S (NP-SBJ (NP Directors) (PP of (NP state-owned Banca Nazionale del Lavoro))) (VP approved (NP (NP a two-step capital-boosting transaction) and (NP (NP a change) (PP in (NP (NP the bank 's) rules)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP help (S (NP-SBJ it) (VP operate (PP (ADVP more) like (NP a private-sector institution))))))))))) .)) (TOP (S (PP-TMP Until (ADVP now)) , (NP-SBJ-1 (NP (NP BNL 's) top managers) and (NP its directors)) (VP have (VP been (VP appointed (NP *-1) (PP-MNR by (NP a Treasury decree))))) .)) (TOP (S But (PP-LOC under (NP (NP the bank 's) proposed statutes)) , (NP-SBJ (NP an assembly) (PP of (NP shareholders))) (VP must (VP approve (NP board members))) .)) (TOP (S (NP-SBJ-1 (NP (NP The bank 's) chairman and director general) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (ADVP also) (VP sit (PP-LOC-CLR on (NP the board))))) ,) (ADVP still) (VP would (VP be (VP appointed (NP *-1) (PP by (NP-LGS the Treasury))))) .)) (TOP (S (NP-SBJ-1 (NP BNL) , (SBAR (WHNP-3 which) (S (NP-SBJ-2 *T*-3) (VP is (VP controlled (NP *-2) (PP by (NP-LGS the Italian Treasury)))))) ,) (VP was (VP rocked (NP *-1) (PP by (NP-LGS (NP the disclosure (SBAR *ICH*-4)) (NP-TMP last month) (SBAR-4 that (S (NP-SBJ its Atlanta branch) (VP extended (NP (NP (QP more than $ 3 billion) *U*) (PP in (NP unauthorized credits))) (PP-DTV to (NP Iraq))))))))) .)) (TOP (S (NP-SBJ-3 (NP The ensuing scandal) , (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ (NP the bank 's) management) (VP resigned (PP-LOC *T*-2)))) ,) (VP has (VP helped (S (NP-SBJ *-3) (VP renew (NP (NP calls) (PP for (NP (NP privatization) , or (NP (ADVP at least) an overhaul) , (PP of (NP (NP (NP Italy 's) banking system) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD (NP-ADV (QP about 80) %) state-controlled))))))))))))) .)) (TOP (S (PP-LOC In (NP a related move)) , (NP-SBJ the bank) (ADVP also) (VP proposed (SBAR that (S (NP-SBJ-1 board representation) (VP be (VP linked (NP *-1) (ADVP-MNR more closely) (PP-CLR to (NP (NP the bank 's) new shareholding structure))))))) .)) (TOP (S (NP-SBJ BNL) (VP called (NP (NP a shareholders ') assembly meeting) (PP-TMP in (NP December)) (S-PRP (NP-SBJ *) (VP to (VP vote (PP-CLR on (NP the proposals)))))) .)) (TOP (S (NP-SBJ BNL) (VP has (NP (NP (QP about 75,000) nonvoting shares) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP are (VP listed (NP *-1) (PP-LOC on (NP the Milan Stock Exchange)))))))) .)) (TOP (S (S (NP-SBJ-1 The shares) (VP were (VP suspended (NP *-1) (PP-CLR from (NP trading)) (PP-TMP following (NP (NP disclosure) (PP of (NP the Atlanta scandal))))))) ; (S (NP-SBJ-2 (NP Consob) , (NP the stock exchange regulatory body) ,) (ADVP reportedly) (VP will (VP decide (ADVP-TMP soon) (SBAR whether (S (NP-SBJ *-2) (VP to (VP end (NP the trading suspension)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Switzerland 's) wholesale price index) (VP (VP increased (NP-EXT 0.3 %) (PP-TMP in (NP September)) (PP-DIR from (NP-TMP August))) , and (VP was (PP-PRD up (NP 3.9 %) (PP from (ADVP-TMP (NP a year) ago)))) , (S-ADV (NP-SBJ *) (VP marking (NP (NP the first time) (NP this year) (SBAR (WHADVP-1 that) (S (NP-SBJ the index) (VP has (VP fallen (PP-DIR below (NP 4 %)) (PP on (NP a year-to-year basis)) (ADVP-TMP *T*-1)))))))))) , (NP-SBJ the government) (VP reported (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The government) (VP attributed (NP (NP the (ADJP 0.3 %) month-to-month rise) (PP in (NP the index))) (PP-CLR (ADVP largely) to (NP higher energy prices))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ the index) (VP (VP was (ADVP-PRD up (NP 0.2 %) (PP from (NP-TMP the previous month)))) , and (VP was (ADVP-PRD up (NP 4.5 %) (PP on (NP a year-to-year basis))))) .)) (TOP (S (NP-SBJ The wholesale price index) , (S-ADV (NP-SBJ *) (VP based (NP *) (PP-CLR on (NP (NP 1963) (PP as (NP 100)))))) , (VP was (NP-PRD 180.9) (PP-TMP in (NP September))) .)) (TOP (S (NP-SBJ American Express Co.) (VP posted (NP (NP a (ADJP 21 %) increase) (PP in (NP third quarter net income))) (PP despite (NP (NP a sharp rise) (PP-LOC in (NP (NP reserves) (PP for (NP Third World loans)))) (PP-LOC at (NP its banking unit))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Aided (PP by (NP-LGS (NP a sharp gain) (PP-LOC in (NP its travel business)))))) , (NP-SBJ-1 American Express) (VP said (SBAR 0 (S (NP-SBJ net) (VP rose (PP-DIR to (NP (NP (QP $ 331.8 million) *U*) , or (NP (NP 77 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 273.9 million) *U*) , or (NP (NP 64 cents) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ The year-earlier figures) (VP included (NP (NP (NP (QP $ 9.9 million) *U*) , or (NP (NP three cents) (NP-ADV a share))) , (PP in (NP (NP income) (PP from (NP discontinued operations)))))) .)) (TOP (S (NP-SBJ (NP Income) (PP from (NP continuing operations))) (VP was (ADVP-PRD up (NP 26 %))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 24 %) (PP-DIR to (NP (QP $ 6.5 billion) *U*)) (PP-DIR from (NP (QP $ 5.23 billion) *U*))) .)) (TOP (S (NP-SBJ The travel , investment services , insurance and banking concern) (VP added (NP (QP $ 110 million) *U*) (PP-CLR to (NP (NP reserves) (PP for (NP credit losses)) (PP-LOC at (NP its American Express Bank unit)))) , (S-ADV (NP-SBJ *) (VP boosting (NP the reserve) (PP-DIR to (NP (QP $ 507 million) *U*)) (PP-TMP as (PP of (NP Sept. 30)))))) .)) (TOP (S (NP-SBJ (NP The bank 's) Third World debt portfolio) (VP totals (NP (QP $ 560 million) *U*) , (ADVP down (PP from (NP (QP $ 2.2 billion) *U*) (PP-TMP at (NP (NP the end) (PP of (NP 1986))))))) .)) (TOP (S (NP-SBJ The bank) (VP charged (PRT off) (NP (NP (QP $ 53 million) *U*) (PP in (NP loans))) (PP-TMP during (NP the quarter))) .)) (TOP (S (PP-LOC At (NP the American Express Travel Related Services Co. unit)) , (NP-SBJ net) (VP rose (NP-EXT 17 %) (PP-DIR to (NP a record (QP $ 240.8 million) *U*)) (PP on (NP a (ADJP 19 %) revenue increase))) .)) (TOP (S (NP-SBJ The figures) (VP exclude (NP (NP businesses) (VP (ADVP-TMP now) organized (NP *) (PP-MNR as (NP American Express Information Services Co))))) .)) (TOP (S (NP-SBJ American Express card charge volume) (VP rose (NP-EXT 12 %)) .)) (TOP (S (NP-SBJ-1 Travel sales) (VP rose (NP-EXT 11 %) , (S-ADV (NP-SBJ-2 *-1) (VP led (NP *-2) (PP by (NP-LGS (NP gains) (PP-LOC in (NP the U.S))))))) .)) (TOP (S (PP-LOC At (NP (NP IDS Financial Services) , (NP the financial planning and mutual fund unit) ,)) (NP-SBJ net) (VP rose (NP-EXT 19 %) (PP-DIR to (NP a record (QP $ 47.6 million) *U*)) (PP on (NP a (ADJP 33 %) revenue gain))) .)) (TOP (S (S (NP-SBJ (NP Assets) (VP owned or managed (NP *))) (VP rose (NP-EXT 20 %) (PP-DIR to (NP (QP $ 45 billion) *U*)))) , and (S (NP-SBJ mutual fund sales) (VP rose (NP-EXT 45 %) (PP-TMP in (NP the quarter)) (PP-DIR to (NP (QP $ 923 million) *U*)))) .)) (TOP (S (NP-SBJ American Express Bank earnings) (VP fell (NP-EXT 50 %) (PP-DIR to (NP (QP $ 21.3 million) *U*)) (PP-DIR from (NP (QP $ 42.5 million) *U*)) (PP despite (NP a (ADJP 29 %) revenue gain))) .)) (TOP (S (NP-SBJ The results) (VP include (NP (NP (QP $ 106 million) *U*) (PP of (NP (NP tax benefits) (VP associated (NP *) (PP-CLR with (NP (NP previous years ') Third World loan activity))))) , (PP compared (PP with (NP (NP (QP $ 15 million) *U*) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Profit) (VP rose (NP-EXT 38 %) (PP-LOC at (NP American Express Information Services)) (PP-DIR to (NP (QP $ 21.6 million) *U*))) .)) (TOP (S (S (NP-SBJ Shearson Lehman Hutton Holdings Inc.) , (SBAR-ADV as (S (NP-SBJ-1 *) (ADVP-TMP previously) (VP reported (NP *-1)))) , (VP had (NP (NP net) (PP of (NP (QP $ 65.9 million) *U*))) , (S-ADV (NP-SBJ *) (VP reversing (NP (NP a (ADJP (QP $ 3.5 million) *U*) loss) (ADVP-TMP (NP a year) earlier)))))) ; (S (NP-SBJ its latest results) (VP include (NP (NP a (ADJP (QP $ 37 million) *U*) gain) (PP from (NP (NP the sale) (PP of (NP an institutional money management business))))))) .)) (TOP (S (S (NP-SBJ (NP (NP American Express 's) share) (PP of (NP (NP Shearson 's) earnings))) (VP was (NP-PRD (NP (QP $ 41 million) *U*) , (PP after (NP preferred stock dividends))))) ; (S (NP-SBJ it) (VP owns (NP (NP (QP about 68) %) (PP of (NP (NP Shearson 's) common))))) .)) (TOP (S (PP-TPC-1 For (NP the nine months)) , (NP-SBJ American Express) (VP said (SBAR 0 (S (NP-SBJ net) (VP rose (NP-EXT 11 %) (PP-DIR to (NP (NP (QP $ 899.8 million) *U*) , or (NP (NP $ 2.09 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 807.5 million) *U*) , or (NP (NP $ 1.89 *U*) (NP-ADV a share)))) (PP *T*-1))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 24 %) (PP-DIR to (NP (QP $ 18.73 billion) *U*)) (PP-DIR from (NP (QP $ 15.09 billion) *U*))) .)) (TOP (S (NP-SBJ-1 Textron Inc.) , (S-ADV (NP-SBJ *-1) (VP hampered (NP *) (PP by (NP-LGS (NP a slowdown) (PP-LOC in (NP its defense sales)))))) , (VP reported (NP (NP an (ADJP 8 %) decline) (PP-LOC in (NP per-share earnings)) (PP on (NP nearly flat revenue))) (PP for (NP its third quarter))) .)) (TOP (S (NP-SBJ The aerospace and financial services concern) (VP said (SBAR 0 (S (NP-SBJ net income) (VP fell (NP-EXT 5 %) (PP-DIR to (NP (QP $ 59.5 million) *U*)) (PP-DIR from (NP (QP $ 62.8 million) *U*)))))) .)) (TOP (S (NP-SBJ (NP Revenue) (PP of (NP (QP $ 1.73 billion) *U*))) (VP was (ADJP-PRD almost unchanged (PP from (NP (NP last year 's) (QP $ 1.72 billion) *U*)))) .)) (TOP (S (NP-SBJ (NP Per-share net) (PP of (NP 66 cents))) , (ADVP down (PP from (NP 72 cents))) , (VP fell (PP-EXT by (NP (NP more) (PP than (NP overall net)))) (PP-PRP because of (NP (NP more shares) (ADJP outstanding)))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR that (S (NP-SBJ-1 (NP improved results) (PP-LOC in (NP its financial-services sector))) (VP were (VP negated (NP *-1) (PP by (NP-LGS (NP (NP increased costs) (PP-LOC in (NP its government contract business))) , (NP (NP lower operating earnings) (PP-LOC in (NP its commercial-products sector))) and (NP soft automotive markets)))))))) .)) (TOP (S (NP-SBJ-1 Net) (VP was (VP aided (NP *-1) (PP by (NP-LGS a lower income tax rate)))) .)) (TOP (S (NP-SBJ (NP Profit) (PP before (NP taxes))) (VP fell (NP-EXT 17 %) (PP-DIR to (NP (QP $ 84.4 million) *U*)) (PP-DIR from (NP (QP $ 101.4 million) *U*))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ Textron) (VP reported (NP (NP net) (PP of (NP (NP (QP $ 182.1 million) *U*) , or (NP (NP $ 2.06 *U*) (NP-ADV a share)) ,))) (PP on (NP (NP revenue) (PP of (NP (QP $ 5.41 billion) *U*))))) .)) (TOP (S (ADVP-TMP (NP A year) ago) , (NP-SBJ net) (VP was (NP-PRD (NP (QP $ 170.4 million) *U*) , or (NP (NP $ 1.93 *U*) (NP-ADV a share)) ,) (PP on (NP (NP revenue) (PP of (NP (QP $ 5.3 billion) *U*))))) .)) (TOP (S (NP-SBJ The nine-month results) (VP included (NP (NP (NP a (ADJP (QP $ 9.5 million) *U*) special charge) (PP-TMP in (NP 1989)) (PP for (NP (NP an arbitration settlement) (VP related (NP *) (PP-CLR to (NP past export sales)))))) , and (NP (NP (QP $ 29.7 million) *U*) (PP in (NP extraordinary charges)) (PP-TMP in (NP 1988)) (VP related (NP *) (PP-CLR to (NP (NP (NP a former line) (PP of (NP business))) and (NP (NP early redemption) (PP of (NP debt))))))))) .)) (TOP (S (NP-SBJ Textron) (VP said (SBAR that (S (NP-SBJ (NP nine-months ') results) (VP (VP do n't (VP include (NP (NP earnings) (PP of (NP (NP Avdel PLC) , (NP (NP a British maker) (PP of (NP industrial fasteners))) ,))))) but (VP do (VP include (NP (NP interest costs) (PP of (NP (QP $ 16.4 million) *U*)) (PP on (NP (NP borrowings) (VP related (NP *) (PP-CLR to (NP (NP the proposed purchase) (PP of (NP Avdel)))))))))))))) .)) (TOP (S (NP-SBJ A federal judge) (VP has (VP issued (NP (NP a preliminary injunction) (PP against (NP the purchase))) (PP-PRP because of (NP Federal Trade Commission concerns (SBAR that (S (NP-SBJ the transaction) (VP would (VP reduce (NP (NP competition) (PP-LOC in (NP (NP the production) (PP of (NP (NP two kinds) (PP of (NP rivets))))))))))))))) .)) (TOP (S (PP For (NP the quarter)) , (NP-SBJ Textron) (VP said (SBAR 0 (S (NP-SBJ (NP aerospace revenue) , (PP including (NP (NP Bell helicopter) and (NP jet-engine manufacture))) ,) (VP (VP declined (NP-EXT 9.8 %) (PP-DIR to (NP (QP $ 755.9 million) *U*)) (PP-DIR from (NP (QP $ 838.3 million) *U*))) , (NP (NP an indication) (PP of (NP slowing government defense work))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ (NP the Hunt brothers ') personal bankruptcy cases) (VP sputter (PP-DIR into (NP their second year))))) , (NP-SBJ Minpeco S.A.) (VP has (VP proposed (NP (NP a deal) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP settle (NP (NP its huge claim) (PP against (NP the troubled Texas oil men))) (ADVP-MNR *T*-1)))))))) .)) (TOP (S But (NP-SBJ-3 the plan) (ADVP only) (VP threatens (S (NP-SBJ *-3) (VP to (VP heighten (NP (NP-SBJ the tension and confusion) (VP (ADVP already) surrounding (NP (NP the cases) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were (VP filed (NP *-1) (PP-TMP in (NP September 1988))))))))))))) .)) (TOP (S (NP-SBJ (NP The Peruvian mineral concern 's) (ADJP (QP $ 251 million) *U*) claim) (VP stems (PP-CLR from (NP (NP 1988 jury award) (PP-LOC in (NP (NP a case) (VP stemming (PP-CLR from (NP (NP the brothers ') alleged attempts (S (NP-SBJ *) (VP to (VP corner (NP the 1979-80 silver market)))))))))))) .)) (TOP (S (NP-SBJ Minpeco) (ADVP-TMP now) (VP says (SBAR 0 (S (NP-SBJ-1 it) (VP is (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP settle (PP-CLR for (NP (NP (QP up to $ 65.7 million) *U*) (PP from (NP each brother))))))))))) , (SBAR-ADV although (S (NP-SBJ the actual amount) (VP would (ADVP probably) (VP be (ADJP-PRD much less)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 the proposal) (VP must (VP be (VP approved (NP *-1) (PP by (NP-LGS federal Judge Harold C. Abramson))))))) , (NP-SBJ W. Herbert Hunt) (VP has (VP agreed (PP-CLR to (NP (NP the Peruvian mineral concern 's) proposal)))) .)) (TOP (S (NP-SBJ Nelson Bunker Hunt) (VP is (VP considering (NP it) , (SBAR-ADV although (S (NP-SBJ his attorney) (VP says (SBAR 0 (S (NP-SBJ he) (VP wo n't (VP do (NP it) (SBAR-ADV if (S (NP-SBJ the proposal) (VP jeopardizes (NP (NP a tentative settlement) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP has (VP reached (NP *T*-2) (PP-CLR with (NP (NP the Internal Revenue Service) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP claims (SBAR 0 (S (NP-SBJ the brothers) (VP owe (NP (NP (QP $ 1 billion) *U*) (PP in (NP back taxes))))))) and (VP is (PP by (ADVP far)) (NP-PRD (NP the biggest creditor) (PP-LOC in (NP both cases)))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The tentative agreement) (PP between (NP (NP the IRS) and (NP Nelson Bunker Hunt)))) (VP is (VP awaiting (NP U.S. Justice Department approval))) .)) (TOP (S (PP-LOC Under (NP it)) , (NP-SBJ-1 (NP the former billionaire 's) assets) (VP would (VP be (VP liquidated (NP *-1) (PP with (S-NOM (S (NP-SBJ the IRS) (VP getting (NP (NP 80 %) (PP of (NP the proceeds))))) and (S (NP-SBJ-3 the rest) (VP being (VP divided (NP *-3) (PP-CLR among (NP (NP other creditors) , (PP including (NP (NP Minpeco) and (NP (NP Manufacturers Hanover Trust Co.) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (VP seeking (NP (NP repayment) (PP of (NP a (ADJP (QP $ 36 million) *U*) loan)))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 A similiar proposal) (VP has (VP been (VP made (NP *-1) (PP-LOC in (NP the W. Herbert Hunt case)) (SBAR-ADV although (S (NP-SBJ (NP he) and (NP the IRS)) (VP are (PP-PRD at (NP odds)) (PP over (NP (NP the size) (PP of (NP (NP the non-dischargable debt) (SBAR (WHNP-2 0) (S (NP-SBJ-3 he) (VP would (VP have (S (NP-SBJ *-3) (VP to (VP pay (NP *T*-2) (PP-DTV to (NP the government)) (PP from (NP future earnings))))))))))))))))))) .)) (TOP (S (PP-LOC In (NP both cases)) , (NP-SBJ (NP Minpeco) and (NP Manufacturers Hanover)) (VP have (VP been (VP fighting (ADVP-MNR ferociously) (PP-CLR over (NP (NP their shares) (PP of (NP the pie))))))) .)) (TOP (S (PP With (NP (NP support) (PP from (NP the IRS)))) , (NP-SBJ-1 Manufacturers Hanover) (VP has (VP filed (NP suit) (S-CLR (NP-SBJ *-1) (VP asking (NP-2 Judge Abramson) (S (NP-SBJ *-2) (VP to (VP subordinate (NP (NP Minpeco 's) claim) (PP-CLR to (NP (NP those) (PP of (NP (NP Manufacturer Hanover) and (NP the IRS)))))))))))) .)) (TOP (S (NP-SBJ Minpeco) (VP has (VP threatened (NP (NP a `` volcano '') (PP of (NP litigation)) (SBAR-ADV if (S (NP-SBJ-1 the Manufacturers Hanover Corp. unit) (VP attempts (S (NP-SBJ *-1) (VP to (VP force (NP such a plan) (PP-DIR through (NP the court))))))))))) .)) (TOP (S (NP-SBJ Minpeco) (VP said (SBAR 0 (S (NP-SBJ it) (VP would n't (VP pursue (NP such litigation) (SBAR-ADV if (S (NP-SBJ-1 (NP its settlement plan) (PP-LOC in (NP the W. Herbert Hunt case))) (VP is (VP approved (NP *-1) (PP by (NP-LGS (NP Judge Abramson) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP will (VP consider (NP the proposal) (PP-LOC at (NP a hearing)) (NP-TMP next week)))))))))))))))) .)) (TOP (S (S (NP-SBJ Minpeco attorney Thomas Gorman) (VP decribed (NP the plan) (PP-CLR as (NP (NP one step) (PP toward (NP (NP an overall settlement) (PP of (NP the W. Herbert Hunt case)))))))) but (S (NP-SBJ (NP Hugh Ray) , (NP (NP attorney) (PP for (NP Manufacturers Hanover))) ,) (VP (VP called (S (NP-SBJ it) `` (ADJP-PRD silly) '')) and (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP fight (NP it) (PP-LOC in (NP court))))))))) .)) (TOP (SINV `` (S-TPC-5 (NP-SBJ The thing) (VP is (ADJP-PRD so fluid (SBAR *ICH*-3)) (ADVP-TMP right now) (SBAR-3 that (S (NP-SBJ there) (VP 's (NP-PRD (NP really no way) (SBAR (WHADVP-4 0) (S (NP-SBJ *) (VP to (VP say (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP will (VP happen)))) (ADVP-MNR *T*-4))))))))))) , '' (VP says (S *T*-5)) (NP-SBJ (NP Justice Department attorney Grover Hartt III) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP represents (NP the IRS) (PP-LOC in (NP the case)))))) .)) (TOP (S `` (NP-SBJ (NP Developments) (PP like (NP this))) (VP are (ADJP-PRD hard (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP predict (NP *T*-1))))))) .)) (TOP (S (NP-SBJ Banc One Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (PP-MNR in (NP principle)) (S (NP-SBJ *-1) (VP to (VP buy (NP five branch offices) (PP-CLR from (NP (NP Trustcorp Inc.) , (NP-LOC (NP Toledo) , (NP Ohio)) ,)) (PP-TMP following (NP (NP the planned merger) (PP of (NP Trustcorp)) (PP into (NP (NP Society Corp.) , (NP-LOC Cleveland)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The five offices) (PP-LOC in (NP (NP Erie and Ottawa counties) (PP-LOC in (NP northern Ohio))))) (VP have (NP (NP total assets) (PP of (NP (QP about $ 88 million) *U*))))) , (NP-SBJ Banc One) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The purchase price) (VP will (VP be (VP established (NP *-1) (SBAR-TMP after (S (NP-SBJ Banc One) (VP has (NP an opportunity (S (NP-SBJ *) (VP to (VP study (NP (NP the quality) (PP of (NP the assets)))))))))))))) , (NP-SBJ Banc One) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S (NP-SBJ Society Corp.) (ADVP already) (VP has (NP branches) (PP-LOC in (NP the area)))) , and (S (S-NOM-SBJ (NP-SBJ *) (VP selling (NP the Trustcorp offices))) (VP could (VP avoid (NP (NP a problem) (PP with (NP regulators)) (PP over (NP (NP excessive concentration) (PP of (NP (NP banking) (PP-LOC in (NP the two counties)))) (PP-TMP after (NP (NP the merger) (PP of (NP Trustcorp)) (PP into (NP Society)))))))))) , (PP according (PP to (NP industry sources))) .)) (TOP (S (NP-SBJ-1 The merger) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP take (NP-CLR place) (PP-TMP in (NP the 1990 first quarter))))))) .)) (TOP (S (NP-SBJ (NP Stock-market fears) and (NP (ADJP relatively more attractive) interest rates)) (VP (VP pushed (NP (ADJP money-market mutual) fund assets) (ADVP-DIR up (NP (QP $ 6.07 billion) *U*)) (PP-TMP in (NP the latest week))) , (NP (NP the sharpest increase) (PP-TMP in (NP (QP almost two) years)))) .)) (TOP (S (NP-SBJ (NP The 473 funds) (VP tracked (NP *) (PP by (NP-LGS (NP the Investment Company Institute) , (NP a Washington-based trade group) ,)))) (VP rose (PP-DIR to (NP (NP (QP $ 356.1 billion) *U*) , (NP a record)))) .)) (TOP (S (NP-SBJ The (ADJP (QP $ 6.07 billion) *U*) increase) (VP was (NP-PRD (NP the strongest weekly inflow) (PP since (NP January 1988)))) .)) (TOP (S (NP-SBJ-1 The increase) (VP was (VP spread (NP *-1) (ADVP-MNR fairly evenly) (PP-CLR among (NP (NP all three types) (PP of (NP funds)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Individual investors) , (VP represented (NP *) (PP-LOC-CLR in (NP the (ADJP general-purpose and broker-dealer) fund categories))) ,) (VP (VP pulled (NP money) (PP-CLR from (NP the stock market)) (PP-TMP after (NP (NP its big drop) (NP-TMP last Friday)))) and (VP put (NP the money) (PP-PUT into (NP funds))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Jacob Dreyer) , (NP (NP (NP vice president) and (NP chief economist)) (PP of (NP the Institute)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Insitutional investors) , (PP on (NP the other hand)) , (VP reacted (PP-CLR to (NP (NP the steep decline) (PP in (NP (NP yields) (PP on (NP direct money-market instruments)))) (PP-TMP following (NP (NP the stock-market decline) (NP-TMP last Friday))))))) , '' (NP-SBJ Mr. Dreyer) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Yields) (PP on (NP money funds))) (VP dropped (PP-TMP in (NP (NP the week) (VP ended (NP-TMP-CLR Tuesday)))) , (PP according (PP to (NP (NP (NP Donoghue 's) Money Fund Report) , (NP a (NAC-LOC Holliston , Mass. ,) newsletter))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The average seven-day compounded yield) (VP fell (PP-DIR to (NP 8.55 %)) (PP-DIR from (NP 8.60 %) (ADVP-TMP (NP the week) earlier)))) , (NP-SBJ Donoghue 's) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP At (NP (NP the auction) (PP of (NP six-month U.S. Treasury bills)) (PP-TMP on (NP Monday)))) , (NP-SBJ the average yield) (VP fell (PP-DIR to (NP 7.61 %)) (PP-DIR from (NP 7.82 %))) .)) (TOP (S (ADVP Likewise) , (NP-SBJ (NP certificates) (PP of (NP deposit))) (PP on (ADJP average)) (VP posted (NP lower yields) (PP-TMP in (NP (NP the week) (VP ended (NP-TMP-CLR Tuesday))))) .)) (TOP (S (NP-SBJ The 142 institutional-type money funds) (VP rose (NP-EXT (QP $ 2.23 billion) *U*) (PP-DIR to (NP (QP $ 85.49 billion) *U*))) .)) (TOP (S (NP-SBJ The 235 general-purpose funds) (VP increased (NP-EXT (QP $ 2.53 billion) *U*) (PP-DIR to (NP (QP $ 116.56 billion) *U*)) , (SBAR-ADV while (S (NP-SBJ 96 broker-dealer funds) (VP increased (NP-EXT (QP $ 1.3 billion) *U*) (PP-DIR to (NP (QP $ 154.05 billion) *U*)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Domestic lending) (PP for (NP real estate and property development))) (VP was (NP-PRD (NP the source) (PP of (NP (NP (NP Bank Bumiputra Malaysia Bhd. 's) (ADJP most recent) spate) (PP of (NP financial troubles))))))) , (NP-SBJ (NP (NP the institution 's) executive chairman) , (NP Mohamed Basir Ismail) ,) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Speaking (PP-CLR to (NP reporters)) (NP-TMP this week) (SBAR-TMP after (S (NP-SBJ (NP Bank Bumiputra 's) shareholders) (VP approved (NP a rescue plan)))))) , (NP-SBJ-1 Tan Sri Basir) (VP said (SBAR 0 (S (NP-SBJ (NP heavy lending) (PP to (NP the property sector))) (VP rocked (NP the bank) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP property prices) (PP-LOC in (NP Malaysia))) (VP plummeted (PP-TMP in (NP 1984-85)) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the bank) (VP could n't (VP wait (ADVP-CLR any longer) (SBAR (SBAR for (S (NP-SBJ prices) (VP to (VP recover)))) and (SBAR for (S (NP-SBJ borrowers) (VP to (VP service (NP their loans))))))))))) .)) (TOP (S So (NP-SBJ-1 (NP the bank 's) board) (VP decided (S (NP-SBJ *-1) (VP (VP to (VP make (NP (NP (QP 1.23 billion) Malaysian dollars) (PRN -LRB- (NP (QP US$ 457 million) *U*) -RRB-) (PP in (NP (NP provisions) (PP for (NP (NP interest payments) (PP from (NP (NP loans) (VP (VP (ADVP-TMP previously) recorded (NP *) (PP-CLR as (NP revenue))) but (VP (ADVP-TMP never) (ADVP actually) received (NP *) (PP by (NP-LGS the bank))))))))))))) , and (VP to (VP submit (NP (NP a bailout package) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP replenish (NP (NP the bank 's) paid-up capital))))))))))) .)) (TOP (S-1 (NP-SBJ The predicament) (PRN , (S (NP-SBJ he) (VP added (SBAR 0 (S *T*-1)))) ,) (VP was (ADJP-PRD similar (PP to (NP (NP the Hong Kong 1982-83 property-price collapse) , (SBAR (WHNP-84 which) (S (NP-SBJ *T*-84) (VP exposed (NP (NP the involvement) (PP of (NP (NP (NP Bank Bumiputra 's) former subsidiary) (PP in (NP the colony)))) (PP in (NP (NP the largest banking scandal) (PP-LOC in (NP (NP Malaysia 's) history)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The subsidiary) , (NP Bumiputra Malaysia Finance Ltd.) ,) (VP was (VP left (NP *-1) (PP-CLR with (NP (NP (QP M$ 2.26 billion) *U*) (PP in (NP (NP bad loans) (VP made (NP *) (PP-CLR to (NP Hong Kong property speculators))))))))) .)) (TOP (S (NP-SBJ Both episodes) (VP wiped (PRT out) (NP (NP (NP Bank Bumiputra 's) shareholders ') funds)) .)) (TOP (S (NP-TMP Each time) , (NP-SBJ-1 (NP (NP the bank 's) (ADJP 90 %) shareholder) -- (NP (NP (NP Petroliam Nasional Bhd.) , or (NP Petronas) ,) (NP the national oil company)) --) (VP has (VP been (VP called (PP-CLR upon (NP-2 *-1)) (S (NP-SBJ *-2) (VP to (VP rescue (NP the institution))))))) .)) (TOP (S (PP-TMP In (NP five years)) , (NP-SBJ-2 (NP Petronas) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP became (NP-PRD the dominant shareholder) (PP-LOC in (NP a 1984 rescue exercise))))) ,) (VP has (VP spent (NP (QP about M$ 3.5 billion) *U*) (S-PRP (NP-SBJ *-2) (VP to (VP prop (PRT up) (NP the troubled bank)))))) .)) (TOP (S (NP-SBJ Tan Sri Basir) (VP said (SBAR 0 (S (NP-SBJ-1 the capital restructuring plan) (VP has (VP been (VP approved (NP *-1) (PP by (NP-LGS (NP Malaysia 's) (NX (NX Capital Issues Committee) and (NX central bank)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Malaysia 's) High Court) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP approve (NP the plan)))))) .)) (TOP (S-3 (SBAR-TMP Once (S (NP-SBJ-1 the plan) (VP is (VP approved (NP *-1))))) (PRN , (S (NP-SBJ Tan Sri Basir) (VP said (SBAR 0 (S *T*-3)))) ,) (S (NP-SBJ-2 (NP most) (PP of (NP (NP Bank Bumiputra 's) nonperforming loans))) (VP will (VP have (VP been (ADVP fully) (VP provided (PP-CLR for (NP *-2))))))) and (S (NP-SBJ the bank) (VP will (VP be (PP-PRD on (NP (NP track) (SBAR (WHADVP-4 0) (S (NP-SBJ *) (VP to (VP report (NP (NP a pretax profit) (PP of (NP (QP between M$ 160 million and M$ 170 million) *U*))) (PP for (NP (NP the fiscal year) (VP ending (NP-TMP-CLR March 31)))) (ADVP *T*-4)))))))))) .)) (TOP (S (S-TPC-1 (PP For (NP the previous financial year)) , (NP-SBJ the bank) (VP would (VP have (VP reported (NP (NP a pretax profit) (PP of (NP (QP M$ 168 million) *U*))) (SBAR-ADV if (S (NP-SBJ it) (VP had n't (VP made (NP (NP provisions) (PP for (NP the nonperforming loans))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP Malaysia 's) Banking Secrecy Act) (VP prohibited (NP-1 the bank) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP identifying (NP delinquent borrowers)))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ Tan Sri Basir) .)) (TOP (S But (NP-SBJ public documents) (VP indicate (SBAR 0 (S (NP-SBJ-1 (NP (QP 10 % or more) *U*) (PP of (NP (NP the bank 's) provisions))) (VP were (VP made (NP *-1) (PP-CLR for (NP (NP foregone interest) (PP on (NP (NP a (ADJP (QP M$ 200 million) *U*) loan) (PP to (NP (NP (NP (NP Malaysia 's) dominant political party) , (NP the United Malays National Organization) ,))) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP build (NP its convention and headquarters complex) (PP-LOC in (NP Kuala Lumpur)) (ADVP-MNR *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The loan) (PP to (NP UMNO))) (VP was (VP made (NP *-1) (PP-TMP in (NP September 1983)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ We) (VP lent (NP (NP a lot) (PP of (NP money))) (NP-LOC (NP all) (PP over (NP the place))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Tan Sri Basir) , (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP refused (S (NP-SBJ *-3) (VP to (VP discuss (NP (NP (NP the bank 's) outstanding loans) (X to))))))))))) (TOP (S (PP As well as (NP (NP the (QP M$ 1.23 billion) *U*) (PP in (NP provisions)) (VP announced (NP *) (PP-TMP on (NP Oct. 6))))) , (NP-SBJ the restructuring package) (VP covers (NP (NP an additional (QP M$ 450 million) *U*) (PP in (NP provisions)) (VP (VP made (NP *) (PP-TMP in (NP earlier years))) but (VP (ADVP-TMP never) reflected (NP *) (PP-LOC in (NP (NP a reduction) (PP of (NP (NP the bank 's) paid-up capital)))))))) .)) (TOP (S (PP-TMP At (NP (NP the end) (PP of (NP the exercise)))) , (NP-SBJ (NP the cash injection) (PP from (NP Petronas))) (VP will (VP increase (NP (NP the bank 's) paid-up capital) (PP-DIR to (NP (QP M$ 1.15 billion) *U*)) (PP-TMP after (S-NOM (NP-SBJ-1 *) (ADVP virtually) (VP being (VP wiped (PRT out) (NP *-1) (PP by (NP-LGS the new provisions)))))))) .)) (TOP (S (NP-SBJ Heidi Ehman) (VP might (VP have (VP stepped (PP-DIR from (NP (NP a recruiting poster) (PP for (NP young Republicans))))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (UCP-PRD (ADJP White) , (ADJP (NP 24 years) old) , (NP (NP a singer) (PP-LOC in (NP her church choir))) ,)) (NP-SBJ-2 she) (VP symbolizes (NP (NP a generation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP gave (NP (NP its heart) and (NP its vote)) (PP-DTV to (NP Ronald Reagan))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP felt (ADJP-PRD (ADVP kind of) safe))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (ADVP-TMP No longer .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the Supreme Court) (VP opened (NP the door) (NP-TMP this year) (PP-CLR to (NP (NP new restrictions) (PP on (NP abortion)))) (ADVP-TMP *T*-1)))) , (NP-SBJ Ms. Ehman) (VP opened (NP her mind) (PP-CLR to (NP Democratic politics))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADVP-TMP Then) (NP-PRD a political novice)) , (NP-SBJ-1 she) (VP stepped (PP-DIR into (NP (NP a whirl) (PP of (NP (NP `` pro-choice '' marches) , (NP house parties) and (NP fund-raisers)))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ she) (VP leads (NP (NP a grassroots abortion-rights campaign) (PP-LOC in (NP Passaic County))) (PP for (NP pro-choice Democratic gubernatorial candidate James Florio))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD (NP one) (SBAR (WHADVP-3 where) (S (NP-SBJ I) (VP cross (NP party lines) (ADVP-LOC *T*-3))))))) , '' (NP-SBJ-2 she) (VP says (S *T*-1) , (S-ADV (NP-SBJ *-2) (VP rejecting (NP (NP the anti-abortion stance) (PP of (NP (NP (NP Rep. Florio 's) opponent) , (NP Reagan-Republican Rep. James Courter))))))) .)) (TOP (S `` (NP-SBJ (NP People) (NP my age)) (VP thought (SBAR 0 (S (NP-SBJ-1 it) (VP was n't (VP going (S (NP-SBJ *-1) (VP to (VP be (NP-PRD an issue))))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ it) (VP has (PRN -- (ADVP especially) (PP for (NP (NP people) (NP my age))))) . '')) (TOP (S (S (NP-SBJ Polls) (VP bear (PRT out) (NP this warning))) , but (S (PP-TMP after (NP (NP a decade) (PP of (NP (NP increased Republican influence) (ADVP-LOC here))))) , (NP-SBJ (NP the new politics) (PP of (NP abortion))) (VP have (VP contributed (PP-CLR to (NP (NP a world) (VP turned (NP *) (ADVP-CLR upside down) (PP for (NP Mr. Courter)))))))) .)) (TOP (S (SBAR-ADV Unless (S (NP-SBJ he) (VP closes (NP the gap)))) , (NP-SBJ-1 Republicans) (VP risk (S (NP-SBJ *-1) (VP losing (NP (CONJP not only) (NP the governorship) (CONJP but also) (NP the assembly)) (NP-TMP next month)))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Going (PP-DIR into (NP the 1990s)))) , (NP-SBJ-1 the GOP) (VP is (VP paying (NP (NP a price) (PP for (NP (NP the same conservative social agenda) (SBAR (WHNP-2 that) (S (NP-SBJ-3 it) (VP used (NP *T*-2) (S-CLR (NP-SBJ *-3) (VP to (VP torment (NP Democrats)))) (PP-TMP in (NP the past)))))))))) .)) (TOP (S (NP-SBJ This change) (VP comes (PP-DIR (ADVP less (PP *ICH*-2)) from (NP (NP a shift) (PP (PP in (NP (NP public opinion) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has n't (VP changed (ADVP much) (PP on (NP abortion)) (PP-TMP over (NP the past decade)))))) ,)) (PP-2 than (PP-LOC in (NP (NP the boundaries) (PP of (NP the debate))))))))) .)) (TOP (S (S (NP-SBJ (NP New Jersey 's) own highest court) (VP remains (NP-PRD (NP a liberal bulwark) (PP against (NP (NP major restrictions) (PP on (NP abortion))))))) , but (S (NP-SBJ (NP the U.S. Supreme Court ruling) , (NP Webster vs. Missouri) ,) (VP has (VP engaged (NP (NP voters) (PP-LOC across (NP the nation)) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP had (VP been (VP insulated (NP *-1) (PP-CLR from (NP the issue))))))))))) .)) (TOP (S (PP-TMP Before (NP July)) , (NP-SBJ-1 pro-choice voters) (VP could (ADVP-MNR safely) (VP make (NP political decisions) (PP-MNR without (S-NOM (NP-SBJ *-1) (VP focusing (ADVP-MNR narrowly) (PP-CLR on (NP abortion))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ-1 (NP the threat) (PP of (NP further restrictions))) (VP adds (NP a new dimension) , (S-ADV (NP-SBJ *-1) (VP bringing (NP (NP an upsurge) (PP in (NP (NP political activity) (PP by (NP abortion-rights forces)))))))) .)) (TOP (S (S (NP-SBJ (NP A recent pro-choice rally) (PP-LOC in (NP Trenton))) (VP drew (NP thousands))) , and (S (PP-LOC in (NP a major reversal)) , (NP-SBJ Congress) (VP is (VP (VP defying (NP a presidential veto)) and (VP demanding (SBAR that (S (NP-SBJ-1 Medicaid abortions) (VP be (VP permitted (NP *-1) (PP-LOC in (NP (NP cases) (PP of (NP rape and incest)))))))))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ Webster) (VP had n't (VP happened)))) , (NP-SBJ you) (VP would n't (VP be (ADVP-PRD here)))) , '' (NP-SBJ Linda Bowker) (VP tells (NP a reporter) (S *T*-1) (PP-LOC in (NP (NP the Trenton office) (PP of (NP (NP the National Organization) (PP for (NP Women))))))) .)) (TOP (S `` (S (NP-SBJ We) (VP could (VP have (VP shouted (PP from (NP the rooftops)) (PP about (NP Courter)))))) ... and (S (NP-SBJ no one) (VP would (VP have (VP heard (NP us))))) . '')) (TOP (S (NP-SBJ New Jersey) (VP is (NP-PRD a proving ground) (PP for (NP this aggressive women's-rights movement)) (NP-TMP this year)) .)) (TOP (S (NP-SBJ (NP The infusion) (PP of (NP activists))) (VP can (VP bring (NP (NP a clash) (PP of (NP cultures))))) .)) (TOP (S (PP-LOC In (NP Cherry Hill)) , (NP-SBJ-2 (NP the National Abortion Rights Action League) , (SBAR (WHNP-1 whose goal) (S (NP-SBJ *T*-1) (VP is (S-PRD (NP-SBJ *) (VP to (VP sign (PRT up) (NP 50,000 pro-choice voters))))))) ,) (VP targets (NP a union breakfast) (S-PRP (NP-SBJ *-2) (VP to (VP build (NP (NP labor support) (PP for (NP its cause))))))) .)) (TOP (S (S (NP-SBJ The league organizers) (VP seem (NP-PRD (NP (ADVP more) a fit) (PP with (NP (NP a convention) (ADVP-LOC next door) (PP of (NP (NP young aerobics instructors) (PP in (NP leotards)))))) (PP than (NP the beefy union leaders))))) ; (SINV `` (S-TPC-1 (NP-SBJ I) (VP wish (SBAR 0 (S (NP-SBJ-2 I) (VP could (VP go (S (NP-SBJ *-2) (VP work (PRT out))))))))) , '' (VP says (S *T*-1)) (NP-SBJ a slim activist)) .)) (TOP (S (NP-SBJ A labor chief) (VP speaks (ADVP-MNR sardonically) (PP-CLR of (S-NOM (NP-SBJ-1 *) (VP having (S (NP-SBJ *-1) (VP to (VP `` man and woman '' (NP Election Day phones)))))))) .)) (TOP (S (NP-SBJ No age group) (VP is (ADJP-PRD (ADJP more sensitive) (PP than (NP (NP younger voters) , (PP like (NP Ms. Ehman)))))) .)) (TOP (S (ADVP-TMP (NP A year) ago (NP this fall)) , (NP-SBJ (NP New Jersey voters) (PP under (NP 30))) (VP favored (NP George Bush) (PP-MNR by (NP (QP 56 % to 39 %) *U*)) (PP over (NP Michael Dukakis)) , (PP according (PP to (NP (NP a survey) (ADVP-TMP then) (PP by (NP (NP Rutgers University 's) Eagleton Institute)))))) .)) (TOP (S (NP-SBJ A matching Eagleton-Newark Star Ledger poll) (NP-TMP last month) (VP showed (NP a complete reversal)) .)) (TOP (S (NP-SBJ (NP Voters) (PP-LOC in (NP the same age group))) (VP backed (NP Democrat Florio) (NP-MNR (QP 55 % to 29 %) *U*) (PP over (NP Republican Courter))) .)) (TOP (S (S (NP-SBJ (NP Abortion) (ADVP alone)) (VP ca n't (VP explain (NP this shift)))) , but (S (NP-SBJ New Jersey) (VP is (NP-PRD (NP a model) (PP of (SBAR (WHADVP how) (S (NP-SBJ (ADJP so personal) an issue) (VP can (VP become (NP-PRD (NP a baseline) (PP of (NP sorts))) (PP-LOC in (S-NOM (NP-SBJ *) (VP judging (NP a candidate)))))))))))) .)) (TOP (S (S (PP-MNR By (NP a 2-to-1 ratio)) , (NP-SBJ voters) (VP appear (PP-PRD (ADVP more) at (NP (NP ease) (PP with (NP (NP (NP Mr. Florio 's) stance) (PP on (NP abortion)))))))) , and (S (NP-SBJ polls) (VP indicate (SBAR 0 (S (NP-SBJ his lead) (VP widens (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 the candidates) (VP are (ADVP specifically) (VP linked (NP *-2) (PP-CLR to (NP the issue)) (ADVP-TMP *T*-1)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The times) (VP are (NP-PRD my times))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Florio) .)) (TOP (S (S (NP-SBJ The Camden County congressman) (ADVP still) (VP carries (NP himself) (PP-MNR with (NP a trademark `` I'm-coming-down-your-throat '' intensity)))) , but (S (PP-LOC at (NP (NP a pause) (PP in (NP (NP Newark 's) Columbus Day parade)))) (ADVP-TMP recently) , (NP-SBJ he) (VP was (VP dancing (PP with (NP his wife)) (PP-LOC in (NP (NP the middle) (PP of (NP the avenue)))) (PP-LOC in (NP (NP the city 's) old Italian-American ward))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP losing (PP-MNR by (NP (QP fewer than 1,800) votes)) (PP-LOC in (NP the 1981 (NP governor 's) race))))) , (NP-SBJ-1 he) (VP has (VP prepared (NP himself) (ADVP-MNR methodically) (PP-CLR for (NP this moment)) , (PP including (S-NOM (NP-SBJ *-1) (VP deciding (PP-TMP in (NP recent years)) (SBAR 0 (S (NP-SBJ he) (VP could (ADVP-TMP no longer) (VP support (NP (NP curbs) (PP on (NP (NP federal funding) (PP for (NP Medicaid abortions)))))))))))))) .)) (TOP (SBARQ-6 `` (SBAR-ADV If (S (NP-SBJ-3 you) (VP 're (VP going (S (NP-SBJ *-3) (VP to (VP (VP be (ADJP-PRD consistent)) and (VP say (SBAR 0 (S (NP-SBJ it) (VP is (NP-PRD a (ADJP constitutionally protected) right)))))))))))) (PRN , '' (S (NP-SBJ he) (VP asks (SBARQ *T*-6))) , ``) (WHADVP-4 how) (SQ are (NP-SBJ-5 you) (VP going (S (NP-SBJ *-5) (VP to (VP say (SBAR 0 (S (S (NP-SBJ (NP an upscale woman) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP can (VP drive (PP-DIR to (NP the hospital or clinic)) (PP-LOC in (NP a nice car))))))) (VP has (NP a constitutional right))) and (S (NP-SBJ (NP someone) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP is not (PP-PRD in (NP great shape)) (ADVP financially))))) (VP does not (VP *?*))))) (ADVP-MNR *T*-4)))))) ? '')) (TOP (S (NP-SBJ Mr. Courter) , (PP by (NP comparison)) , (VP seems (NP-PRD (NP a shadow) (PP of (NP (NP the confident hawk) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP defended (NP Oliver North) (PP-LOC before (NP national cameras)) (PP-LOC at (NP Iran-Contra hearings)) (ADVP-TMP (NP two years) ago)))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Looking (ADVP-DIR back))) , (NP-SBJ-1 he) (VP says (SBAR 0 (S (NP-SBJ-2 he) (VP erred (PP-MNR by (S-NOM (NP-SBJ *-2) (VP (VP stating (NP (NP his `` personal '' opposition) (PP to (NP abortion)))) (CONJP instead of) (VP assuring (NP voters) (SBAR that (S (NP-SBJ he) (VP would n't (VP impose (NP his views) (PP-CLR on `` (NP policy) '') (PP as (NP governor)))))))))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP a distinction) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP satisfies (NP (NP neither side) (PP in (NP the debate)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ He) (VP does n't (VP know (NP himself)))) , '' (NP-SBJ (NP Kathy Stanwick) (PP of (NP the Abortion Rights League))) (VP says (S *T*-1) (PP-CLR of (NP (NP Mr. Courter 's) position))) .)) (TOP (S (NP-SBJ (NP Even abortion opponents) , (ADJP however angry (PP with (NP Mr. Florio))) ,) (VP ca n't (VP hide (NP (NP their frustration) (PP with (NP (NP the Republican 's) ambivalence))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 He) (VP does n't (VP want (S (NP-SBJ *-2) (VP to (VP lead (NP the people))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Richard Traynor) , (NP (NP president) (PP of (NP (NP New Jersey Right) (PP to (NP Life)))))) .)) (TOP (S (ADVP Moreover) , (PP-MNR by (S-NOM (NP-SBJ *-1) (VP stepping (PP-DIR outside (NP (NP the state 's) pro-choice tradition))))) , (NP-SBJ-1 Mr. Courter) (VP aggravates (NP fears (SBAR that (S (NP-SBJ he) (VP is (ADJP-PRD too conservative) (ADVP as well) (PP on (NP (NP (ADJP more pressing) concerns) (PP such as (NP (NP auto insurance rates) and (NP the environment)))))))))) .)) (TOP (S (S (NP-SBJ-1 He) (VP hurt (NP himself) (ADVP further) (NP-TMP this summer) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP bringing (NP homosexual issues) (PP-DIR into (NP the debate))))))) ; and (S (PP-MNR by (S-NOM (NP-SBJ *-2) (VP wavering (PP on (NP (NP this issue) and (NP abortion)))))) , (NP-SBJ-2 he) (VP has (VP weakened (NP his credibility) (PP-LOC in (SBAR-NOM (WHNP-3 what) (S (NP-SBJ *T*-3) (VP is (ADVP already) (NP-PRD a mean-spirited campaign) (PP-LOC on (NP both sides))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Elected (PP-CLR to (NP Congress)) (PP-TMP in (NP 1978)))) , (NP-SBJ-2 the 48-year-old Mr. Courter) (VP is (NP-PRD (NP part) (PP of (NP (NP a generation) (PP of (NP (NP young conservatives) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP were (ADVP-TMP once) (PP-LOC-PRD (ADVP very much) in (NP (NP the lead) (PP of (NP (NP the rightward shift) (PP-LOC under (NP Mr. Reagan))))))))))))))) .)) (TOP (S (PP Like (NP (NP many) (PP of (NP his colleagues)))) , (NP-SBJ-1 he) (VP did n't (VP (VP serve (PP-LOC in (NP Vietnam)) (PP-TMP in (NP the 1960s))) yet (VP embraced (NP a hawkish (UCP defense and foreign) policy) -- (S-ADV (NP-SBJ *-1) (ADVP even) (VP voting (PP-CLR against (NP (NP a 1984 resolution) (ADJP critical (PP of (NP (NP the U.S. mining) (PP of (NP Nicaraguan harbors)))))))))))) .)) (TOP (S (S (NP-SBJ (NP Jack Kemp) and (NP the writers Irving Kristol and George Gilder)) (VP were (NP-PRD influences))) , and (S (NP-SBJ (NP Mr. Courter 's) own conservative credentials) (VP proved (ADJP-PRD useful (PP to (NP (NP the current New Jersey GOP governor) , (NP Thomas Kean) ,))) (PP-LOC in (NP the 1981 Republican primary here)))) .)) (TOP (S (S (NP-SBJ The same partnership) (VP is (ADVP-TMP now) (ADJP-PRD crucial (PP to (NP (NP Mr. Courter 's) fortunes))))) , but (S (NP-SBJ the abortion issue) (VP is (NP-PRD (NP only a reminder) (PP of (NP (NP the gap) (PP between (NP (NP his record) and (NP (NP that) (PP of (NP the (NP (ADJP more moderate) , pro-choice Gov. Kean))))))))))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ the Warren County congressman) (VP pursued (NP an anti-government , anti-tax agenda) (PP-LOC in (NP Washington))))) , (NP-SBJ Gov. Kean) (VP was (VP (VP approving (NP increased income and sales taxes) (PP-LOC at (NP home))) and (VP overseeing (NP (NP a near doubling) (PP in (NP (NP the size) (PP of (NP (NP New Jersey 's) budget)))) (PP-TMP in (NP (NP his eight years) (PP-LOC in (NP office)))))))) .)) (TOP (S (S (NP-SBJ Kean forces) (VP play (PRT down) (NP (NP any differences) (PP with (NP Mr. Courter))))) , but (S (NP-SBJ this history) (VP makes (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD harder) (SBAR-1 for (S (NP-SBJ the conservative) (VP to (VP run (PP against (NP government))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Courter 's) free-market plan (S (NP-SBJ *) (VP to (VP bring (ADVP-DIR down) (NP auto insurance rates))))) (VP met (NP (NP criticism) (PP from (NP (NP Gov. Kean 's) own insurance commissioner)))) .)) (TOP (S (NP-SBJ Mr. Courter) (VP is (ADJP-PRD further hobbled (PP by (NP (NP a record) (PP of (NP (NP votes) (VP opposed (NP *) (PP-CLR to (NP (NP government regulation) (PP on (NP (NP behalf) (PP of (NP consumers))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Fluent (PP in (NP Spanish))) (PP from (NP (NP his days) (PP-LOC in (NP the Peace Corps))))) , (NP-SBJ-1 Mr. Courter) (ADVP-MNR actively) (VP (VP courts (NP minority voters)) but (VP seems (ADVP oddly) (PP-PRD over (NP his head)))) .)) (TOP (S (NP-SBJ He) (VP is (ADJP-PRD warm and polished) (PP-LOC before (NP (NP a Puerto Rican Congress) (PP-LOC in (NP Asbury Park))))) .)) (TOP (S Yet (PP-TMP (NP minutes) after (S-NOM (NP-SBJ-2 *-1) (VP promising (S (NP-SBJ *-2) (VP to (VP appoint (NP Hispanics) (PP-CLR to (NP (NP high posts) (PP-LOC in (NP state government)))))))))) , (NP-SBJ-1 he) (VP is (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP say (SBAR whether (S (NP-SBJ he) (VP has (ADVP-TMP ever) (VP employed (NP any) (PP-LOC in (NP his congressional office))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ we) (VP do (ADVP-TMP now))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ we) (VP did)))) . '')) (TOP (S (S-ADV (NP-SBJ *-1) (VP Asked (NP the same question) (PP-TMP after (NP his appearance)))) , (NP-SBJ-1 Democrat Florio) (VP (VP identifies (NP a staff member) (PP-MNR by (NP name))) and (VP explains (NP (NP her whereabouts) (NP-TMP today)))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 he) (VP is (VP presented (NP *-1) (PP-CLR with (NP (NP a poster) (VP celebrating (NP (NP the organization 's) 20th anniversary)))) (ADVP-TMP *T*-2))))) , (NP-SBJ he) (VP (VP recognizes (NP (NP a photograph) (PP of (NP (NP one) (PP of (NP the founders)))))) and (VP recalls (NP (NP time) (VP spent (ADVP-MNR together) (PP-LOC in (NP Camden)))))) .)) (TOP (S (NP-SBJ Details and Camden) (VP are (NP-PRD essential Florio)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Elected (PP-CLR to (NP Congress)) (PP as (NP a `` Watergate baby '')) (PP-TMP in (NP 1974)))) , (NP-SBJ-1 he) (VP ran (PP-CLR for (NP governor)) (ADVP-TMP (NP three years) later)) .)) (TOP (S (PP In (NP (NP the opinion) (PP of (NP many)))) , (NP-SBJ-1 he) (VP has n't (VP stopped (S (NP-SBJ *-1) (VP running)) (ADVP-TMP since) , (SBAR-ADV even though (S (NP-SBJ he) (VP declined (NP (NP a rematch) (PP with (NP Gov. Kean))) (PP-TMP in (NP 1985))))))) .)) (TOP (S (NP-SBJ (NP His base) (PP (PP in (NP (NP South Jersey))) and (PP on (NP the House Energy and Commerce Committee)))) (VP helped (S (NP-SBJ him) (VP sustain (NP (NP a network) (PP of (NP political-action committees)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP preserve (NP his edge))))))))) .)) (TOP (S (PP With (NP (NP limited budgets) (PP for (NP television)) (PP in (NP a high-priced market)))) , (NP-SBJ (NP (NP Mr. Florio 's) higher recognition) (PP than (NP his rival))) (VP is (NP-PRD a major advantage)) .)) (TOP (S (ADVP More (PP than (ADVP-TMP ever))) , (NP-SBJ his (ADJP pro-consumer and pro-environment) record) (VP is (PP-PRD in (NP (NP sync) (PP with (NP the state))))) .)) (TOP (S (NP-SBJ Auto insurance rates) (VP are (VP soaring)) .)) (TOP (S (NP-SBJ A toxic-waste-dump fire) (VP destroyed (NP (NP part) (PP of (NP an interstate highway))) (NP-TMP this summer)) .)) (TOP (S (PP-LOC In (NP (NP Monmouth) , (NP an important swing area) ,)) (NP-SBJ Republican freeholders) (ADVP-TMP now) (VP run (PP-MNR on (NP (NP a slogan) (VP promising (S (NP-SBJ *) (VP to (VP keep (S (NP-SBJ the county) `` (ADJP-PRD clean and green))))))))) . '')) (TOP (S (S (NP-SBJ Mr. Florio) (VP savors (NP this vindication))) , but (S (PP-LOC at (NP age 52)) , (NP-SBJ the congressman) (VP is (ADVP also) (NP-PRD (NP a product) (PP of (NP his times and losses))))) .)) (TOP (S (S (NP-SBJ He) (VP speaks (PP-CLR for (NP the death penalty)) (SBAR-MNR as if (S (NP-SBJ *) (VP reading (PP-CLR from (NP Exodus 21))))))) ; (S (S-PRP (NP-SBJ *-1) (VP to (VP increase (NP state revenue)))) (NP-SBJ-1 he) (VP focuses (PP-CLR not (PP on `` (NP taxes) '') but (PP on (NP `` (NP audits) '' (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP cut (NP waste)))))))))) .)) (TOP (S (S (NP-SBJ Hard-hitting consultants) (VP match (NP ads) (PP-CLR with (NP (NP Mr. Courter 's) team)))) , and (S (NP-SBJ Mr. Florio) (VP retools (NP himself) (PP-CLR as (NP (NP the lean , mean Democratic fighting machine) (PP of (NP the 1990s)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Appealing (PP-CLR to (NP a young audience)))) , (NP-SBJ-1 he) (VP (VP scraps (NP (NP an old reference) (PP to (NP Ozzie and Harriet)))) and (ADVP instead) (VP quotes (NP the Grateful Dead))) .)) (TOP (S (NP-SBJ (NP (NP The lyric) (VP chosen (NP *))) -- `` (NP long strange night) '' --) (VP may (VP be (NP-PRD (NP an apt footnote) (PP to (NP (NP television spots) (PP by (NP both candidates)) (VP intended (S (NP-SBJ *) (VP to (VP portray (NP each other) (PP-CLR as (NP a liar))))))))))) .)) (TOP (S (S (NP-SBJ The Democratic lawmaker) (VP fits (NP (NP a pattern) (PP of (NP (NP younger reformers) (S (NP-SBJ *) (VP arising (PP-DIR out (PP of (NP old machines)))))))))) , but (S (NP-SBJ (NP his ties) (PP to (NP Camden))) (VP remain (NP-PRD a sore point) (PP-PRP because of (NP (NP the county 's) past corruption)))) .)) (TOP (S (S (NP-SBJ-1 His campaign hierarchy) (VP is (VP chosen (NP *-1) (PP-CLR from (NP (NP elsewhere) (PP in (NP the state))))))) , and (S (S-ADV (NP-SBJ *-2) (VP faced (PP-CLR with (NP (NP criticism) (PP of (NP a sweetheart bank investment)))))) , (NP-SBJ-2 he) (VP has (ADVP-TMP so far) (VP blunted (NP the issue) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP donating (NP (NP the bulk) (PP of (NP his profits))) (PP-CLR to (NP (NP his alma mater) , (NP Trenton State College))))))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Florio 's) forcefulness) (PP on (NP the abortion issue)) (PP-TMP after (NP the Webster ruling))) (VP divides (NP (NP some) (PP of (NP his old constituency)))) .)) (TOP (S (NP-SBJ (NP Pasquale Pignatelli) , (NP (NP an (ADJP unlikely but enthusiastic) pipe major) (PP-LOC in (NP an Essex County Irish bagpipe band))) ,) (VP speaks (ADVP-MNR sadly) (PP-CLR of (NP Mr. Florio))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP am (NP-PRD a devout Catholic))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Pignatelli) , (NP a 40-year-old health officer)) .)) (TOP (S `` (NP-SBJ I) (VP ca n't (VP support (NP him) (PP-PRP because of (NP abortion)))) . '')) (TOP (S (NP-SBJ (NP Bill Wames Sr.) , (NP 72) ,) (VP is (ADJP-PRD (ADJP Catholic) (ADVP too) , but (ADJP unfazed (PP by (NP (NP (NP Mr. Florio 's) stand) (PP on (NP abortion))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD (NP A security guard) (PP-LOC at (NP a cargo terminal)))) , (NP-SBJ-1 he) (VP wears (NP (NP a (NAC Sons (PP of (NP Italy))) jacket and cap) (VP celebrating `` (NP The US 1 Band)))) . '')) (TOP (S `` (S-TPC-1 (NP-SBJ I) (ADVP still) (VP think (SBAR 0 (S (NP-SBJ the woman) (VP has (NP the right (S (NP-SBJ *) (VP to (VP do (PP-CLR with (NP her body)) (SBAR-MNR as (S (NP-SBJ she) (VP pleases)))))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ you) (VP want (NP more opinions)))) (NP-SBJ *) (VP ask (NP my wife)) .)) (TOP (S (NP-SBJ She) (VP has (NP (NP lots) (PP of (NP opinions)))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 Consumer prices) (VP rose (NP-EXT a (ADJP surprisingly moderate) 0.2 %) (PP-TMP in (NP September)) , (S-ADV (NP-SBJ-2 *-1) (VP pushed (NP *-2) (ADVP-DIR up) (ADVP mostly) (PP by (NP-LGS (NP a jump) (PP-LOC in (NP clothing costs)))))))) , (NP-SBJ the Labor Department) (VP reported (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-2 (NP Energy costs) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP drove (NP wholesale prices) (ADVP-DIR up) (ADVP-MNR sharply) (PP-TMP during (NP the month))))) ,) (VP continued (S (NP-SBJ *-2) (VP to (VP decline (PP-LOC at (NP the retail level))))) , (S-ADV (NP-SBJ-3 *-2) (VP (VP pulling (ADVP-DIR down) (NP transportation)) and (VP helping (S (NP-SBJ *-3) (VP to (VP ease (NP housing costs)))))))) .)) (TOP (S (NP-SBJ The report) (VP was (NP-PRD (NP the brightest news) (SBAR (WHNP-1 0) (S (NP-SBJ the financial markets) (VP had (VP seen (NP *T*-1)))))) (PP-TMP since (SBAR before (S (NP-SBJ the stock market) (VP plunged (NP (QP more than 190) points) (NP-TMP last Friday)))))) .)) (TOP (S (NP-SBJ-1 The Dow Jones Industrial Average) (VP rallied (PP on (NP the news)) , (S-ADV (NP-SBJ *-1) (VP closing (ADVP-CLR (NP 39.55 points) higher) (PP-CLR at (NP 2683.20))))) .)) (TOP (S (NP-SBJ Bond prices) (ADVP also) (VP jumped (SBAR-TMP as (S (NP-SBJ-1 traders) (VP appeared (S (NP-SBJ *-1) (VP to (VP read (NP the data) (PP-CLR as (NP a sign (SBAR that (S (NP-SBJ interest rates) (VP may (VP fall))))))))))))) .)) (TOP (S But (NP-SBJ many economists) (VP were not (ADVP nearly) (ADJP-PRD as jubilant)) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The climb) (PP-LOC in (NP wholesale energy prices))) (VP is (ADJP-PRD certain (S (NP-SBJ *-1) (VP to (VP push (ADVP-DIR up) (NP retail energy prices) (PP-TMP in (NP the next few months)))))))) , (NP-SBJ they) (VP warned (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ They) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ the dollar) (VP is (VP leveling (PRT off) (PP-TMP after (NP (NP a rise) (NP-TMP this summer) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP helped (S (NP-SBJ *-2) (VP to (VP reduce (NP (NP the prices) (PP of (NP imported goods)))))))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-2 inflation) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP pick (PRT up) (PP-TMP through (NP the fall))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Joel Popkin) , (NP (NP a specialist) (PP on (NP inflation)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP an economic consulting firm) (ADVP-LOC here)))))) .)) (TOP (S `` (NP-SBJ It) (VP has (VP been (PP-LOC-PRD in (SBAR-NOM (WHNP-1 what) (S (NP-SBJ I) (VP would (VP describe (NP *T*-1) (PP-CLR as (NP a lull))))))) (PP-TMP for (NP the past several months)))) . '')) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ We) (VP 've (VP had (NP (NP whopping declines) (PP in (NP consumer energy prices))) (PP-TMP in (NP (NP each) (PP of (NP the past three months))))))) , and (S (PP-LOC at (NP the wholesale level)) (NP-SBJ those) (VP are (ADVP fully) (PP-LOC-PRD behind (NP us)) (ADVP-TMP now)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Jay Woodworth) , (NP (NP chief domestic economist) (PP-LOC at (NP (NP Bankers Trust Co.) (PP-LOC in (NP New York)))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ wholesale energy prices) (VP shot (ADVP-DIR up) (PP-EXT by (NP a steep 6.5 %)) (NP-TMP last month)))) , (NP-SBJ many analysts) (VP expected (S (NP-SBJ energy prices) (VP to (VP rise (PP-LOC at (NP the consumer level)) (ADVP too))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ many economists) (VP were (VP expecting (S (NP-SBJ the consumer price index) (VP to (VP increase (ADVP-EXT (ADVP significantly more) (SBAR than (S (NP-SBJ it) (VP did (VP *?*)))))))))) .)) (TOP (S But (NP-SBJ retail energy prices) (VP declined (NP-EXT 0.9 %) (PP-TMP in (NP September))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ competition) (VP will (ADVP probably) (VP hold (PRT down) (NP (NP increases) (PP-LOC in (NP retail energy prices)))))))))) , (NP-SBJ many) (VP expect (S (NP-SBJ-1 (NP some) (PP of (NP the wholesale rise))) (VP to (VP be (VP passed (NP *-1) (ADVP-CLR along) (PP-DIR to (NP the consumer)) (PP-TMP before (NP (NP the end) (PP of (NP the year))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ some analysts) (VP insisted (SBAR that (S (NP-SBJ (NP the worst) (PP of (NP the inflation))) (VP is (ADVP-LOC-PRD behind))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (ADVP increasingly) (VP appears (SBAR that (S (NP-SBJ 1987-88) (VP was (NP-PRD (NP a temporary inflation blip) and not (NP (NP the beginning) (PP of (NP a cyclical inflation problem))))))))) , '' (VP argued (S *T*-1)) (NP-SBJ (NP Edward Yardeni) , (NP (NP chief economist) (PP-LOC at (NP (NP Prudential-Bache Securities Inc.) (PP-LOC in (NP New York)))))) .)) (TOP (S (PP-TMP In (NP both 1987 and 1988)) , (NP-SBJ consumer prices) (VP rose (NP-EXT 4.4 %)) .)) (TOP (S (S (NP-SBJ (NP A run-up) (PP-LOC in (NP world oil prices)) (NP-TMP last winter)) (VP sent (S (NP-SBJ consumer prices) (VP soaring (PP-CLR at (NP a (ADJP 6.7 %) annual rate)))) (PP-TMP in (NP (NP the first five months) (PP of (NP this year)))))) , but (S (NP-SBJ (NP the subsequent decline) (PP-LOC in (NP energy prices))) (VP has (VP pulled (NP the annual rate) (ADVP-DIR back down (PP to (NP 4.4 %)))))) .)) (TOP (S (NP-SBJ Mr. Yardeni) (VP predicted (SBAR that (S (NP-SBJ-1 world business competition) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP restrain (NP prices))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The bottom line) (VP is , (SBAR-PRD 0 (S (NP-SBJ it) (VP seems (PP-CLR to (NP me)) (SBAR that (S (NP-SBJ the economic environment) (VP has (VP become (ADJP-PRD very , very competitve) (PP for (NP (NP a lot) (PP of (NP businesses))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (S (ADVP-TMP Back (PP in (NP 1987-88))) , (NP-SBJ business) (VP was (VP operating (PP-MNR at (NP (ADJP fairly tight) capacity))))) , so (S (NP-SBJ businesses) (VP felt (SBAR 0 (S (NP-SBJ they) (VP could (VP raise (NP prices))))))) . '')) (TOP (S-1 (ADVP-TMP Now) , (PRN (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP a slowdown) (PP-LOC in (NP economic activity))) (VP has (VP slackened (NP demand))) .)) (TOP (S (NP-SBJ The mild inflation figures) (VP renewed (NP (NP investors ') hopes (SBAR that (S (NP-SBJ the Federal Reserve) (VP will (VP ease (NP its interest-rate stance))))))) .)) (TOP (S (NP-SBJ (NP The steep climb) (PP-LOC in (NP producer prices)) (VP reported (NP *) (NP-TMP last Friday))) (VP (VP fostered (NP (NP pessimism) (PP about (NP lower interest rates)))) and (VP contributed (PP-CLR to (NP (NP (NP the stock market 's) (ADJP 6.9 %) plunge) (NP-TMP that day))))) .)) (TOP (S (PP-TMP In (NP the past several days)) , (ADVP however) , (NP-SBJ-1 (NP the U.S. 's) central bank) (VP has (VP allowed (S (NP-SBJ a key interest rate) (VP to (VP fall (ADVP-EXT slightly)))) (S-PRP (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP stabilize (NP the markets))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ-1 Fed policy makers) (VP have (VP been (ADJP-PRD wary (PP of (S-NOM (NP-SBJ *-1) (VP relaxing (NP credit) (ADVP-EXT too much))))) (SBAR-PRP because (S (NP-SBJ they) (VP were (ADJP-PRD still uncertain (PP about (NP (NP the level) (PP of (NP inflation)) (PP-LOC in (NP the economy))))))))))))) .)) (TOP (S (PP Excluding (NP (NP the volatile categories) (PP of (NP energy and food)))) (PRN -- (S-ADV (NP-SBJ *) (VP leaving (SBAR (WHNP what) (S (NP-SBJ some economists) (VP call (NP the core inflation rate)))))) --) (NP-SBJ consumer prices) (ADVP still) (VP rose (NP-EXT only 0.2 %) (PP-TMP in (NP September))) .)) (TOP (S (S (NP-SBJ Transportation costs) (ADVP actually) (VP fell (NP-EXT 0.5 %))) , and (S (NP-SBJ housing costs) (VP gained (NP only 0.1 %))) .)) (TOP (S (S (NP-SBJ Apparel prices) (VP rocketed (ADVP-DIR up (NP 1.7 %)))) , but (S (NP-SBJ that) (VP was (PP-TMP-PRD after (NP (NP three months) (PP of (NP declines)))))) .)) (TOP (S (NP-SBJ-1 Medical costs) (VP continued (NP their steep ascent) , (S-ADV (NP-SBJ *-1) (VP rising (NP-EXT 0.8 %) (PP-TMP after (NP (NP four consecutive months) (PP of (NP (ADJP 0.7 %) increases))))))) .)) (TOP (S (NP-SBJ (NP Car prices) , (NP (NP another area) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP contributed (PP-CLR to (NP (NP the steep rise) (PP-LOC in (NP the wholesale index)) (NP-TMP last month))))))) ,) (ADVP still) (VP showed (NP (NP declines) (PP-LOC at (NP the consumer level)))) .)) (TOP (S (NP-SBJ They) (VP dropped (NP-EXT 0.4 %) (SBAR-ADV as (S (NP-SBJ-1 dealers) (VP continued (S (NP-SBJ *-1) (VP to (VP offer (NP (NP rebates) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP attract (NP customers))))))))))))) .)) (TOP (S (NP-SBJ Food prices) (VP rose (NP-EXT 0.2 %) (PP-TMP for (NP (NP the second month) (PP in (NP a row)))) , (ADVP-MNR (ADVP far slower) (PP than (NP (NP the monthly rises) (ADVP-TMP earlier (PP in (NP the year))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ the Labor Department) (VP reported (SBAR that (S (NP-SBJ average weekly earnings) (VP rose (NP-EXT 0.3 %) (PP-TMP in (NP September)) , (PP after (S-NOM (NP-SBJ *) (VP adjusting (PP-CLR for (NP inflation))))) , (PP-TMP following (NP (NP a (ADJP 0.7 %) decline) (PP-TMP in (NP August)))))))) .)) (TOP (S (NP-SBJ-1 All the numbers) (VP are (VP adjusted (NP *-1) (PP-CLR for (NP seasonal fluctuations)))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP the (ADJP seasonally adjusted) changes) (PP in (NP (NP the components) (PP of (NP (NP (NP the Labor Department 's) consumer price index) (PP for (NP September))))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP watching (S (NP-SBJ (NP interest) (PP in (NP the sport))) (VP plummet (PP-TMP for (NP years))))))) , (NP-SBJ-1 the ski industry) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP give (NP itself) (NP a lift)))))) .)) (TOP (S (PP-LOC Across (NP the country)) , (NP-SBJ-1 resorts) (VP are (VP using (NP (NP everything) (PP (PP from (NP fireworks)) (PP to (NP classical-music concerts)))) (S-CLR (NP-SBJ *-1) (VP to (VP attract (NP new customers)))))) .)) (TOP (S (S (NP-SBJ Some) (VP have (VP built (NP (NP health spas) , (NP business centers) and (NP shopping villages))))) so (S (NP-SBJ visitors) (VP have (NP (NP more) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1))))) (PP than (FRAG (VP ski)))))) .)) (TOP (S And (NP-TMP this week) , (NP-SBJ (NP the industry 's) efforts) (VP will (VP go (ADJP-PRD national) (PP-TMP for (NP the first time)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP unveils (NP a (ADJP (QP $ 7 million) *U*) advertising campaign) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP Such efforts) (PRN -- (RRC (ADJP unheard (PRT of)) (ADVP-TMP (NP only a few years) ago)) --)) (VP are (NP-PRD the latest attempts (S (NP-SBJ *) (VP to (VP revive (NP the sagging (ADJP (QP $ 1.76 billion) *U*) U.S. ski industry)))))) .)) (TOP (S (PP-TMP Since (NP (NP the start) (PP of (NP the decade)))) , (NP-SBJ lift-ticket sales) (VP have (VP grown (NP (NP (QP only 3) %) (NP-ADV a year)) (PP on (NP average)) , (PP compared (PP with (NP (NP (ADJP 16 %) annual growth rates) (PP-TMP in (NP the '60s and '70s))))))) .)) (TOP (S (NP-TMP Last season) , (NP-SBJ lift-ticket sales) (VP fell (PP-TMP for (NP (NP the first time) (PP in (NP seven years))))) .)) (TOP (S (PP By (NP some estimates)) , (NP-SBJ-1 (NP (QP nearly a fourth)) (PP of (NP all U.S. ski areas))) (VP have (VP been (VP forced (S (NP-SBJ *-1) (VP to (VP shut (PRT down)))) (PP-TMP since (NP the early '80s))))) .)) (TOP (S (NP-SBJ (NP Competition) and (NP mounting insurance and equipment costs)) (VP have (VP been (NP-PRD (NP the undoing) (PP of (NP many resorts))))) .)) (TOP (S But (NP-SBJ another big problem) (VP has (VP been (NP-PRD (NP the aging) (PP of (NP baby boomers))))) .)) (TOP (S (S (NP-SBJ Skiing) , (PP after (NP all)) , (VP has (ADVP mainly) (VP been (PP-PRD for (NP the (ADJP young and daring)))))) and (S (NP-SBJ many baby boomers) (VP have (VP (VP outgrown (NP skiing)) or (VP have (NP (NP (ADJP too many) family responsibilities) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP stick (PP-CLR with (NP the sport))))))))))) .)) (TOP (S (PP-LOC In (NP (NP its new ad campaign) , (VP created (NP *) (PP by (NP-LGS (NP D'Arcy Masius Benton & Bowles Inc.) , (NP-LOC Chicago)))) ,)) (NP-SBJ-1 the ski industry) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP change (NP (NP its image) (PP as (NP (NP a sport) (PP (ADVP primarily) for (NP young white people)))))))))) .)) (TOP (S (NP-SBJ One 60-second TV spot) (VP features (NP (NP (NP a diverse group) (PP of (NP skiers)) (VP (ADVP-MNR gracefully) gliding (PP-DIR down (NP sun-drenched slopes)))) : (NP (NP senior citizens) , (NP minorities) , (NP (NP families) (PP with (NP children))) -- even (NP a blind skier)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Ski school) (VP is (ADJP-PRD great))) , '' (VP cries (PRT out) (S *T*-1)) (NP-SBJ (NP a tot) , (VP bundled (NP *) (PP-CLR in (NP a snowsuit)))) (SBAR-TMP as (S (NP-SBJ he) (VP plows (PP-DIR down (NP a bunny slope))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ You) (VP 'll (ADVP-TMP never) (VP know (SBAR-TMP 'til (S (NP-SBJ you) (VP try)))))) , '' (VP says (S *T*-1)) (NP-SBJ a black skier) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 We) (VP used (S (NP-SBJ *-2) (VP to (VP show (S (NP-SBJ (NP some hot-dog skier) (PP-LOC in (NP his twenties or thirties))) (VP going (PP-DIR over (NP (NP the edge) (PP of (NP a cliff))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Kathe Dillmann) , (NP (NP a spokeswoman) (PP for (NP (NP the United Ski Industries Association) , (NP (NP the trade group) (VP sponsoring (NP the campaign))))))) .)) (TOP (S (NP-SBJ Ski promotions) (VP have (ADVP traditionally) (VP avoided (NP (NP the touchy issue) (PP of (NP safety))))) .)) (TOP (S But (NP-SBJ-1 the new commercials) (VP deal (PP-CLR with (NP it)) (ADVP-MNR indirectly) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP showing (S (NP-SBJ a woman) (VP smiling (SBAR-TMP as (S (NP-SBJ-2 she) (VP tries (S (NP-SBJ *-2) (VP to (VP get (PRT up) (PP-CLR from (NP a fall)))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 We) (VP wanted (S (NP-SBJ *-2) (VP to (VP show (SBAR 0 (S (NP-SBJ it) (VP 's (ADJP-PRD okay) (SBAR-ADV if (S (NP-SBJ you) (VP fall))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ Ms. Dillmann) .)) (TOP (S `` (NP-SBJ Most people) (VP think (SBAR 0 (S (SBAR-ADV if (S (NP-SBJ you) (VP slip))) , (NP-SBJ you) (VP 'll (VP wind (PRT up) (PP-LOC-CLR in (NP a body cast))))))) . '')) (TOP (S (S (NP-SBJ The ad campaign) (VP represents (NP (NP an unusual spirit) (PP of (NP cooperation)) (PP-LOC among (NP (NP resorts) and (NP ski equipment makers)))))) ; (S (ADVP normally) , (NP-SBJ they) (ADVP only) (VP run (NP (NP ads) (VP hyping (NP their own products and facilities))))) .)) (TOP (S But (PP-TMP in (NP (NP these crunch times) (PP for (NP the ski industry)))) , (NP-SBJ-1 (NP some resorts) , (PP such as (NP (NP the Angel Fire , Red River and Taos ski areas) (PP-LOC in (NP New Mexico)))) ,) (VP have (ADVP even) (VP (VP started (S (NP-SBJ *-1) (VP shuttle-busing (NP skiers) (PP-DIR to (NP (NP each other 's) slopes))))) and (VP (ADVP-TMP next year) plan (S (NP-SBJ *-1) (VP to (VP sell (NP (NP tickets) (ADJP good (PP for (NP all local lifts)))))))))) .)) (TOP (S (NP-SBJ Many resorts) (ADVP also) (VP are (VP focusing (ADVP more) (PP-CLR on (NP (NP the service side) (PP of (NP their business)))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ (NP 40 %) (PP of (NP skiers))) (VP are (NP-PRD parents)))) , (NP-SBJ many slopes) (VP are (VP (VP building (NP nurseries)) , (VP expanding (NP ski schools)) and (VP adding (NP (NP entertainment) (PP for (NP kids)))))) .)) (TOP (S (S (NP-SBJ (NP Vail) , (NP-LOC Colo.) ,) (ADVP-TMP now) (VP has (NP (NP a playland) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP looks (PP-CLR like (NP an old mining town)))))))) ; (S (NP-SBJ kids) (VP can (VP (VP ski (ADVP-DIR through)) and (VP pan (PP-CLR for (NP (NP fool 's) gold)))))) .)) (TOP (S (PP For (NP $ 15 *U*)) , (NP-SBJ they) (VP can (VP enjoy (NP (NP their own nightly entertainment) , (PP with (NP dinner)) ,) (PP-MNR without (NP mom and dad)))) .)) (TOP (S (ADVP-TMP (NP A few years) ago) , (NP-SBJ-1 parents) (ADVP usually) (VP had (S (NP-SBJ-2 *-1) (VP to (VP (VP hire (NP a sitter)) or (VP take (NP-CLR turns) (S (NP-SBJ *-2) (VP skiing (SBAR-TMP while (S (NP-SBJ one spouse) (VP stayed (PP-CLR with (NP the children)))))))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ (NP Most parents) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP had (S (NP-SBJ *-3) (VP to (VP go (PP-DIR through (NP that))))))))) (ADVP-TMP never) (VP came (ADVP-DIR back))) , '' (VP says (S *T*-4)) (NP-SBJ (NP Michael Shannon) , (NP (NP president) (PP of (NP (NP Vail Associates Inc.) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP owns and operates (NP the Vail and nearby Beaver Creek resorts)))))))) .)) (TOP (S (S-PRP (NP-SBJ *-2) (VP To (VP make (S (NP-SBJ skiing) (ADJP-PRD more convenient (PP for (NP time-strapped visitors))))))) , (NP-SBJ-2 several resorts) (VP are (VP buying or starting (NP their own travel agencies))) .)) (TOP (S (PP-LOC In (NP one phone call)) , (NP-SBJ ski buffs) (VP can (VP (VP make (NP hotel and restaurant reservations)) , (VP buy (NP lift tickets)) , (VP rent (NP ski equipment)) and (VP sign (PRT up) (PP-CLR for (NP lessons))))) .)) (TOP (S And (NP-SBJ resorts) (VP are (VP adding (NP (NP other amenities) , (PP such as (NP (NP pricey restaurants) , (NP health spas) and (NP (NP vacation packages) (PP with (NP a twist)))))))) .)) (TOP (S (PP-TMP During (NP Winter Carnival week)) , (PP for (NP example)) , (NP-SBJ (NP visitors) (PP-LOC at (NP (NP Sunday River) (PP-LOC in (NP Maine))))) (VP can (VP take (NP a hot-air balloon ride))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ People) (NP-TMP these days) (VP want (NP (NP something else) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1))))) (PP besides (FRAG (VP (VP ski) and (VP sit (PP-LOC in (NP the bar))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Don Borgeson) , (NP (NP executive director) (PP of (NP (NP Angel Fire) , (NP (NP (NP N.M. 's) Chamber) (PP of (NP Commerce))))))) .)) (TOP (S (NP-SBJ-1 The ski industry) (VP hopes (S (NP-SBJ *-1) (VP to (VP increase (NP (NP the number) (PP of (NP skiers))) (PP-EXT by (NP (QP 3.5 million))) (PP-DIR to (NP (QP about 21.7 million))) (PP-TMP in (NP the next five years)) (PP-MNR with (NP its latest ads and promotions)))))) .)) (TOP (S But (NP-SBJ some) (VP think (SBAR 0 (S (NP-SBJ that) (VP 's (S-PRD (NP-SBJ *) (VP being (ADJP-PRD overly optimistic))))))) .)) (TOP (S (S (PP For (NP one thing)) , (NP-SBJ (NP it) (S *EXP*-1)) (VP may (VP be (ADJP-PRD tough) (S-1 (NP-SBJ *) (VP to (VP attract (NP people)))) (SBAR-PRP because (S (NP-SBJ skiing) (VP is (ADVP still) (ADJP-PRD expensive))))))) : (S (S (NP-SBJ a lift ticket) (VP can (VP cost (NP (NP (QP up to $ 35) *U*) (NP-ADV a day))))) and (S (NP-SBJ equipment prices) (VP are (VP rising)))) .)) (TOP (S And (NP-SBJ most vacationers) (ADVP still) (VP prefer (NP a warm climate) (PP for (NP their winter excursions))) .)) (TOP (S (NP-SBJ (NP An American Express Co. survey) (PP of (NP its travel agents))) (VP revealed (SBAR that (S (NP-SBJ (QP only 34) %) (VP believe (SBAR 0 (S (NP-SBJ their clients) (VP will (VP pick (NP a trip) (NP-TMP this winter) (PP-MNR based (PP on (NP (NP the availability) (PP of (NP winter sports))))))))) , (SBAR-ADV as (S (NP-SBJ *) (VP opposed (PP-CLR to (NP (NP 69 %) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP think (SBAR that (S (NP-SBJ warm-weather sports) (VP will (VP be (NP-PRD the deciding factor))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV Even if (S (NP-SBJ they) (VP could (VP bring (ADVP-DIR in) (NP (ADJP that many) new skiers))))) , (NP-SBJ I) (VP do n't (VP know (SBAR if (S -LCB- (NP-SBJ the industry) -RCB- (VP could (VP handle (NP (NP that kind) (PP of (NP an increase)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP I. William Berry) , (NP (NP editor and publisher) (PP of (NP (NP the Ski Industry Letter) (PP-LOC in (NP (NP Katonah) , (NP N.Y))))))) .)) (TOP (S `` (S (NP-SBJ Most people) (VP will (VP come (PP-TMP on (NP the weekend))))) , (S (NP-SBJ the slopes) (VP will (VP be (ADJP-PRD overcrowded)))) and (ADVP then) (S (NP-SBJ these -LCB- new skiers -RCB-) (VP wo n't (VP come (ADVP-DIR back)))) .)) (TOP (S (S (NP-SBJ They) (VP did n't (VP play (NP (NP the third game) (PP of (NP the World Series))) (PP-TMP on (NP Tuesday night)) (SBAR-MNR as (S (NP-SBJ *) (VP scheduled)))))) , and (S (NP-SBJ they) (VP did n't (VP play (NP it) (PP-TMP on (NP Wednesday or Thursday)) (ADVP either)))) .)) (TOP (SQ (S But (NP-SBJ you) (VP knew (NP that))) , (SQ did n't (NP-SBJ you) (VP *?*)) ?)) (TOP (S (NP-SBJ-1 They) (VP are (VP supposed (S (NP-SBJ *-1) (VP to (VP play (NP the game) (NP-TMP next Tuesday) , (PP-LOC in (NP Candlestick Park)) (ADVP-LOC here)))))) .)) (TOP (S (NP-SBJ The theory) (VP is (SBAR-PRD (SBAR that (S (NP-SBJ-1 (NP the stadium) , (VP damaged (NP *) (PP by (NP-LGS (NP Tuesday 's) earthquake))) ,) (VP will (VP be (VP repaired (NP *-1) (PP-TMP by (ADVP then))))))) , and (SBAR that (S (NP-SBJ-2 people) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP get (ADVP-DIR there))))))))))) .)) (TOP (S (PP Like (NP (ADVP just about) everything else)) , (NP-SBJ-2 that) (VP remains (S (NP-SBJ-1 *-2) (VP to (VP be (VP seen (NP *-1)))))) .)) (TOP (S (NP-SBJ Aftershocks) (VP could (VP intervene)) .)) (TOP (S But , (PP at (ADJP least)) , (NP-SBJ (NP the law) (PP of (NP averages))) (VP should (VP have (VP swung (PP-DIR to (NP the favorable side))))) .)) (TOP (S (S (NP-SBJ (NP It) (S *EXP*-1)) (VP may (VP seem (ADJP-PRD trivial) (S-1 (NP-SBJ *) (VP to (VP worry (PP-CLR about (NP the World Series)) (PP-LOC amid (NP (NP (NP the destruction) (PP to (NP the Bay Area))) (VP wrought (NP *) (PP by (NP-LGS (NP Tuesday 's) quake))))))))))) , but (S (S (NP-SBJ (NP the name) (PP of (NP this column))) (VP is `` (PP-TTL-PRD (PP On (NP Sports))))) , '' so (S (NP-SBJ-2 I) (VP feel (ADJP obliged (S (NP-SBJ *-2) (VP to (VP do (ADVP so)))))))) .)) (TOP (S (NP-SBJ-1 You) (VP might (VP be (ADJP-PRD interested (S (NP-SBJ *-1) (VP to (VP know (SBAR that (S (NP-SBJ-2 baseball , not survival ,) (VP appeared (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP the first thought) (PP of (NP (NP most) (PP of (NP (NP the crowd) (PP of (NP 60,000-odd)) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP had (VP gathered (PP-LOC at (NP Candlestick)) (PP-TMP (PP at (NP (NP (NP 5:04 p.m.) (NP Tuesday)))) , (PP (NP-ADV a half-hour) before (NP game time)))))))))))) , (SBAR-TMP (WHADVP when) (S (NP-SBJ the quake) (VP struck))))))))))))))) .)) (TOP (S (ADVP-TMP (ADVP As soon) (SBAR as (S (NP-SBJ the tremor) (VP passed)))) , (NP-SBJ many people) (ADVP-MNR spontaneously) (VP arose and cheered , (SBAR-ADV as though (S (NP-SBJ it) (VP had (VP been (NP-PRD (NP a novel kind) (PP of (NP pre-game show)))))))) .)) (TOP (S (NP-SBJ (NP One fan) , (VP seated (NP *) (PP (NP-ADV several rows) in (NP (NP front) (PP of (NP (NP the open , upper-deck auxiliary press section) (SBAR (WHADVP-3 where) (S (NP-SBJ-2 I) (VP was (VP stationed (NP *-2) (ADVP-LOC *T*-3)))))))))) ,) (VP (VP faced (NP the assembled newsies)) and (VP (ADVP-MNR laughingly) shouted , `` (S (NP-SBJ We) (VP arranged (NP that) (PP (ADVP just) for (NP you guys)))))) ! '')) (TOP (S (S (NP-SBJ I) (VP thought (S *RNR*-1))) and , (PRN (S (NP-SBJ I) (VP 'm (ADJP-PRD sure)))) , (S (NP-SBJ others) (VP did (VP *?* (S *RNR*-1)))) : `` (S-1 (NP-SBJ You) (VP should n't (VP have (VP bothered)))) . '')) (TOP (S (S (NP-SBJ I) (VP 'd (VP slept (PP through (NP (NP (NP my only previous brush) (PP with (NP natural disaster))) , (NP (NP a tornado) (ADVP-TMP (NP (QP 15 or so) summers) ago) (PP-LOC near (NP (NP Traverse City) , (NP Mich.))))))))) , so (S (NP-SBJ I) (VP was (ADJP-PRD unprepared (PP for (NP (NP (NP one reaction) (PP to (NP such things))) : (NP the urge (S (NP-SBJ *) (VP to (VP talk (PP-CLR about (NP them))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-3 *-2) (ADVP Perhaps) (VP primed (NP *-3) (PP by (NP-LGS (NP the daily diet) (PP of (S-NOM (NP-SBJ radio and TV reporters) (VP (VP thrusting (NP microphones) (PP-DIR into (NP (NP people 's) faces))) and (VP asking (SBAR (WHADVP how) (S (NP-SBJ they) (VP `` feel '' (PP-CLR about (NP (NP one calamity) or (NP another)))))))))))))) , (NP-SBJ-2 (NP fellow reporters) and (NP (NP civilians) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP spied (NP my press credential)))))) (VP were (ADJP-PRD eager (S (NP-SBJ *-2) (VP to (VP chat))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP felt (SBAR like (S (S (NP-SBJ I) (VP was (PP-LOC-PRD on (NP a station platform)))) and (S (NP-SBJ a train) (VP went (ADVP-DIR by))))))) , '' (VP said (S *T*-1)) (NP-SBJ-2 one man) , (S-ADV (NP-SBJ *-2) (VP describing (NP my own reaction))) .)) (TOP (S (NP-SBJ A women) (VP said (SBAR 0 (S (NP-SBJ she) (VP saw (S (NP-SBJ (NP the park 's) light standards) (VP sway)))))) .)) (TOP (S (NP-SBJ A man) (VP said (SBAR 0 (S (NP-SBJ he) (VP saw (S (NP-SBJ the upper rim) (VP undulate)))))) .)) (TOP (S (NP-SBJ I) (VP saw (NP neither)) .)) (TOP (S (S-ADV (NP-SBJ (NP Dictates) (PP of (NP good sense)) (PP to (NP the contrary))) (ADVP-PRD not withstanding)) , (NP-SBJ the general inclination) (VP was (S-PRD (NP-SBJ *) (VP to (VP believe (SBAR (SBAR that (S (NP-SBJ the disturbance) (VP would (VP be (ADJP-PRD brief))))) and (SBAR that (S (NP-SBJ-1 ball) (VP would (VP be (VP played (NP *-1))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ I) (VP (VP was (PP-LOC-PRD near (NP (NP the top) (PP of (NP the stadium))))) , and (VP saw (S (NP-SBJ a steel girder) (VP bow (PP-LOC (NP-ADV six feet) from (SBAR-LOC (WHADVP-2 where) (S (NP-SBJ I) (VP sat (ADVP-LOC *T*-2)))))))))) , but (S (NP-SBJ I) (VP stayed (PRT put) (PP-TMP for (NP (QP 10 or 15) minutes))))) , '' (VP confessed (S *T*-1)) (NP-SBJ a friend) .)) (TOP (S `` (NP-SBJ I) (VP guess (SBAR 0 (S (NP-SBJ I) (VP thought , ` (S (S (NP-SBJ This) (VP is (NP-PRD the World Series))) and (S (NP-SBJ-1 I) (VP 'm not (VP gon (S (NP-SBJ *-1) (VP na (VP wimp (PRT out)))))))))))) ! ' '')) (TOP (S (ADVP-LOC Here (PP in (NP the Global Village))) , (ADVP though) , (NP-SBJ folks) (VP do not (VP stay (ADJP-PRD uninformed) (PP-TMP for (ADVP long)))) .)) (TOP (S (S (NP-SBJ Electrical power) (VP was (ADJP-PRD out) (PP-LOC in (NP still-daylighted Candlestick Park)))) , but (S (NP-SBJ battery-operated radios and television sets) (VP were (ADJP-PRD plentiful))) .)) (TOP (S (PP-TMP Within (NP a few minutes)) , (NP-SBJ (NP the true extent) (PP of (NP the catastrophe))) (VP was (VP becoming (ADJP-PRD clear))) .)) (TOP (S (NP-SBJ-1 Its Richter Scale measurement) (VP was (VP reported (NP *-1) (PP-CLR as (NP (NP 6.5) , (ADVP then) (NP 6.9) , (ADVP then) (NP 7.0))))) .)) (TOP (S (NP-SBJ (NP A section) (PP of (NP the Bay Bridge))) (VP had (VP collapsed , (SBAR-ADV as (SINV had (NP-SBJ (NP a part) (PP of (NP Interstate Highway 880)) (PP-LOC in (NP Oakland))) (VP *?*))))) .)) (TOP (S (NP-SBJ People) (VP had (VP died)) .)) (TOP (S (PP-TMP At (NP 5:40 p.m.)) , (S-ADV (NP-SBJ scheduled game time) (VP having (VP passed))) , (NP-SBJ some fans) (VP chanted `` (S (NP-SBJ *) (VP Let (S (NP-SBJ 's) (VP Play (NP Ball)))))) . '')) (TOP (S (S-ADV (NP-SBJ *-1) (ADVP-TMP No longer) (ADJP-PRD innocent)) , (NP-SBJ-1 they) (VP qualified (PP-CLR as (NP fools))) .)) (TOP (S (S (NP-SBJ-1 The stadium) (VP was (VP ordered (S (NP-SBJ-3 *-1) (VP evacuated (NP *-3))) (ADVP-TMP soon afterward)))) ; (S (S (NP-SBJ (NP the announcement) , (VP made (NP *) (PP-MNR over (NP police bullhorns))) ,) (VP cited (NP the power outage))) , but (S (NP-SBJ-2 it) (ADVP-TMP later) (VP was (VP revealed (NP *-2) (SBAR that (S (NP-SBJ there) (ADVP also) (VP had (VP been (NP-PRD (NP damage) (PP of (NP (NP the sort) (VP reported (NP *) (PP by (NP-LGS my friend)))))))))))))) .)) (TOP (S (ADVP-LOC Outside) , (NP-SBJ I) (VP spotted (S (NP-SBJ two young men) (VP lugging (NP (NP blocks) (PP of (NP concrete)))))) .)) (TOP (S `` (NP-TPC-1 (NP Pieces) (PP of (NP Candlestick))) , '' (NP-SBJ they) (VP said (NP *T*-1)) .)) (TOP (S (NP-SBJ The crowd) (VP remained (ADJP-PRD (ADJP good natured) , (ADJP even bemused))) .)) (TOP (S (NP-SBJ TV reporters) (VP interviewed (NP fans) (PP-LOC in (NP the parking lots)) (SBAR-TMP while , (S (ADVP-LOC (NP a few feet) away) , (NP-SBJ others) (VP watched (NP the interviews) (PP-LOC on (NP their portable TVs)))))) .)) (TOP (S (S (NP-SBJ (NP The only frenzy) (SBAR (WHNP-3 0) (S (NP-SBJ I) (VP saw (NP *T*-3))))) (VP was (ADJP-PRD commercial))) : (S (NP-SBJ-1 (NP Booths) (VP selling (NP World Series (NX (NX commemorative stamps) and (NX dated postmarks))))) (VP were (VP besieged (NP *-1) (PP by (NP-LGS (NP fledgling speculators) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP saw (NP future profit) (PP-LOC in (NP the items)))))))))) .)) (TOP (S (NP-SBJ (NP The traffic jam) (PP out (PP of (NP the park)))) (VP was (ADJP-PRD monumental)) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP (VP took (NP me) (NP-2 a half-hour) (S-1 (NP-SBJ *) (VP to (VP move (NP-EXT 10 feet) (PP-DIR from (NP (NP my parking spot) (PP-LOC in (NP an outer lot)))) (PP-DIR to (NP an aisle)))))) , and (VP (NP=2 an additional hour) (S=1 (NP-SBJ *) (VP to (VP reach (NP (NP an inner roadway) (ADVP-LOC (NP a half-block) away))))))) .)) (TOP (S (NP-SBJ (NP The six-mile trip) (PP to (NP my airport hotel)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (VP taken (NP 20 minutes) (ADVP-TMP earlier (PP in (NP the day)))))))) (VP took (NP (QP more than three) hours)) .)) (TOP (S (PP-LOC At (NP (NP my hotel) , (NP the Westin) ,)) (S (NP-SBJ power) (VP was (ADJP-PRD out))) , (S (NP-SBJ-1 some interior plaster) (VP had (VP broken (S-CLR (NP-SBJ *-1) (ADJP-PRD loose))))) and (S (NP-SBJ there) (VP had (VP been (NP-PRD (NP water damage) , but (NP little else))))) .)) (TOP (S (S (PP With (NP Garpian randomness)) , (NP-SBJ-1 (NP (NP a hotel) (PP-LOC across (NP the street))) , (NP the Amfac) ,) (VP had (VP been (VP hit (NP *-1) (ADVP harder))))) : (S (NP-SBJ-2 (NP (NP A large sheet) (PP of (NP its concrete facade))) and (NP several window balconies)) (VP were (VP torn (NP *-2) (ADVP-CLR away)))) .)) (TOP (S (NP-SBJ The Westin staff) (VP had , (ADVP-MNR kindly) , (VP (VP set (PRT out) (NP lighted candles) (PP-LOC in (NP the ballroom))) , (VP prepared (NP a (NP cold-cuts buffet))) and (VP passed (ADVP-CLR around) (NP pillows and blankets)))) .)) (TOP (S (NP-SBJ-1 I) (VP fell (S-CLR (NP-SBJ *-1) (ADJP-PRD asleep)) (PP-LOC on (NP the lobby floor)) , (ADVP-LOC next (PP to (NP (NP a man) (VP wearing (NP a Chicago Cubs jacket)))))) .)) (TOP (S (S (NP-SBJ I) (VP expected (S (NP-SBJ him) (VP to (VP say , `` (S (NP-SBJ I) (VP told (NP you) (ADVP so)))))))) , '' but (S (NP-SBJ he) (ADVP already) (VP was (VP snoring))) .)) (TOP (S (NP-SBJ The journalistic consensus) (VP was (SBAR-PRD that (S (NP-SBJ the earthquake) (VP made (S (NP-SBJ the World Series) (VP seem (ADJP-PRD unimportant))))))) .)) (TOP (S (S (NP-SBJ My response) (VP was (SBAR-PRD that (S (NP-SBJ sports) (ADVP-TMP rarely) (VP are (ADJP-PRD (ADJP important) , only (ADJP diverting))))))) , and (S (NP-SBJ the quake) (ADVP merely) (VP highlighted (NP that fact))) .)) (TOP (SQ Should (NP-SBJ (NP the rest) (PP of (NP the Series))) (VP be (VP played (ADVP at all))) ?)) (TOP (INTJ Sure .)) (TOP (S (NP-SBJ-1 The quake and baseball) (VP were n't (VP related (NP *-1) , (PP unlike (NP (NP the massacre) (PP of (NP athletes)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP attended (NP the 1972 Olympics)))))))) .)) (TOP (S (NP-SBJ-1 That (ADJP heavily politicized) event) (VP (VP learned (NP nothing) (PP-CLR from (NP the horrifying experience))) , and (VP seems (ADJP doomed (S (NP-SBJ *-1) (VP to (VP repeat (NP it))))))) .)) (TOP (S (NP-SBJ Two ironies) (VP intrude) .)) (TOP (S (NP-SBJ-1 This) (VP has (VP been (ADVP widely) (VP dubbed (S (NP-SBJ *-1) (NP-PRD (NP the BART Series) , (PRN (PP after (NP the local subway line))) , and (NP the Bay Bridge Series)))))) .)) (TOP (S (S (NP-SBJ Flags) (VP fly (PP-LOC at (NP half-staff)) (PP for (NP (NP the death) (PP of (NP (NP Bart Giamatti) , (NP the late baseball commissioner) ,)))))) and (S (ADVP-TMP now) (NP-SBJ the Bay Bridge) (VP lies (PP-MNR in (NP ruins)))) .)) (TOP (S (NP-SBJ (NP A Series) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (VP shaping (PRT up) (PP-MNR as (NP (NP the dullest) (PP since (NP (NP the one-sided (ADJP Detroit-over-San Diego) go) (PP of (NP 1984))))))))))) (VP has (VP become (ADJP-PRD memorable) (PP-MNR in (NP the (ADJP least fortunate) way)))) .)) (TOP (S (ADVP Still) , (NP-SBJ-1 its edge) (VP is (VP lost (NP *-1))) .)) (TOP (S (NP-SBJ-1 It) (ADVP-TMP now) (VP will (VP be (VP (VP played (ADVP mostly) (PP-PRP for (NP the record))) , and (VP should (VP be (VP wrapped (PRT up) (NP *-1) (ADVP-MNR (ADVP as quickly) (PP as (ADJP possible))) , (PP without (NP `` off '' days)))))))) .)) (TOP (S And (NP-SBJ I) (VP will (ADVP-TMP never) (ADVP again) (VP complain (PP-CLR about (NP a rainout)))) .)) (TOP (S (NP-SBJ (NP The disarray) (PP-LOC in (NP the junk-bond market)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP began (NP-TMP last month) (PP with (NP (NP a credit crunch) (PP-LOC at (NP Campeau Corp.)))))))) (VP has (VP offered (NP commercial banks) (NP a golden opportunity (S (NP-SBJ-2 *) (VP to (VP play (NP a greater role) (PP-LOC in (S-NOM (NP-SBJ *-2) (VP financing (NP billion-dollar takeovers)))))))))) .)) (TOP (S But (NP-SBJ-1 two big New York banks) (VP seem (S (NP-SBJ *-1) (VP to (VP have (VP kicked (NP those chances) (ADVP-DIR away) , (PP-TMP for (NP the moment)) , (PP with (NP (NP the embarrassing failure (S *ICH*-2)) (PP of (NP (NP Citicorp) and (NP Chase Manhattan Corp.))) (S-2 (NP-SBJ *) (VP to (VP deliver (NP (NP (QP $ 7.2 billion) *U*) (PP in (NP bank financing))) (PP for (NP (NP a leveraged buy-out) (PP of (NP United Airlines parent UAL Corp)))))))))))))) .)) (TOP (S (PP-TMP For (NP (QP more than a) decade)) , (NP-SBJ banks) (VP have (VP been (VP pressing (NP (NP Congress) and (NP banking regulators)) (PP for (NP expanded powers (S (NP-SBJ-2 *) (VP to (VP act (PP-MNR like (NP securities firms)) (PP-LOC in (S-NOM (NP-SBJ *-2) (VP playing (NP (NP Wall Street 's) lucrative takeover game)))) , (PP (PP from (S-NOM (NP-SBJ *) (VP giving (NP (NP mergers) advice)))) (PP (NP-ADV all the way) to (S-NOM (NP-SBJ *) (VP selling and trading (NP high-yield junk bonds))))))))))))) .)) (TOP (S (NP-SBJ Those expanded powers) (VP reached (NP their zenith) (PP-TMP in (NP July)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Bankers Trust New York Corp.) (VP provided (NP (NP (NP mergers advice) , (NP an equity investment) and (NP bank loans)) (PP for (NP (NP the (ADJP (QP $ 3.65 billion) *U*) leveraged buy-out) (PP of (NP Northwest Airlines parent NWA Inc))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the major selling points) (VP used (NP *) (PP by (NP-LGS Los Angeles financier Alfred Checchi)) (PP in (S-NOM (NP-SBJ *) (VP getting (S (NP-SBJ the takeover) (VP approved))))))))) (VP was (SBAR-PRD that (S (NP-SBJ the deal) (VP did n't (VP include (NP any junk bonds)))))) .)) (TOP (S (NP-SBJ-1 That) (VP was (VP seen (NP *-1) (PP-CLR as (NP (NP an advantage) (PP-LOC in (S-NOM (NP-SBJ *) (VP lobbying (NP (NP airline employees) and (NP Washington regulators)) (PP-CLR for (NP (NP approval) (PP of (NP the contested takeover))))))))))) .)) (TOP (S (NP-SBJ-1 (NP All (QP $ 3.35 billion) *U*) (PP in (NP debt)) (PP for (NP the deal))) (VP was (VP supplied (NP *-1) (PP by (NP-LGS banks)))) .)) (TOP (S (NP-SBJ (NP Charles Nathan) , (NP (NP co-head) (PP of (NP mergers and acquisitions)) (PP-LOC at (NP Salomon Brothers Inc.))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD natural) (SBAR-1 for (S (NP-SBJ-2 banks) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP expand (PP-DIR beyond (NP (NP their bread-and-butter business) (PP of (S-NOM (NP-SBJ *) (VP providing (NP (NP senior debt) (PP for (NP buy-outs))))))))))))))))))) .)) (TOP (S-1 But (NP-SBJ the UAL collapse) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) `` (VP may (VP tell (NP you) (SBAR 0 (S (NP-SBJ-2 it) (VP 's not (VP going (S (NP-SBJ *-2) (VP to (VP work (ADVP-MNR that easily)))))))))) . '')) (TOP (S (NP-SBJ (NP David Batchelder) , (NP (NP a mergers adviser) (PP-LOC in (NP (NP La Jolla) , (NP Calif.) ,)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP aided (NP Los Angeles investor Marvin Davis) (PP-CLR on (NP (NP the bids) (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP put (NP both UAL and NWA) (PP-PUT in (NP play)) (PP-MNR as (NP takeover candidates)) (NP-TMP this year)))))))))) ,) (VP says (SBAR that (S (NP-SBJ-3 banks) (VP have (VP been `` (VP preparing (S (NP-SBJ *-3) (VP to (VP play (NP a (ADJP larger and larger) role) (PP-LOC in (NP acquisition financing))))))))))) . '')) (TOP (S (NP-SBJ Mr. Batchelder) (VP says (SBAR that (S (PP-TMP in (NP the past)) , (NP-SBJ banks) (VP would (ADVP normally) (VP have (VP loaned (NP (NP 65 %) (PP of (NP a total buy-out price))) , (SBAR-ADV with (S (NP-SBJ-1 the loans) (VP secured (NP *-1) (PP by (NP-LGS (NP the target company 's) assets))))))))))) .)) (TOP (S (NP-SBJ (NP Another 20 %) (PP of (NP the borrowed funds))) (VP would (VP come (PP-DIR from (NP (NP the sale) (PP to (NP investors)) (PP of (NP (NP junk bonds) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP offer (NP less security)) and (VP (ADVP typically) carry (NP (NP higher yields) (PP than (NP bank loans))))))))))))) .)) (TOP (S-1 (NP-SBJ (NP (NP Mr. Checchi 's) purchase) (PP of (NP NWA))) (PRN , (S (NP-SBJ Mr. Batchelder) (VP notes (SBAR 0 (S *T*-1)))) ,) `` (VP was (ADVP probably) (NP-PRD (NP the (ADJP most aggressive)) (PP to (NP date))) , '' (PP with (NP (NP bank debt) (PP at (NP (NP 85 %) (PP of (NP the purchase price))))))) .)) (TOP (S But (NP-SBJ Mr. Batchelder) (VP says (SBAR that (S (NP-SBJ (NP Citicorp 's) `` failure (S (NP-SBJ *) (VP to (VP deliver '' (PP-CLR on (NP its promise (S (NP-SBJ *) (VP to (VP raise (NP the UAL bank debt) (PP for (NP a labor-management buy-out group))))))))))) `` (VP is (ADJP-PRD very distressing (PP to (NP (NP potential users) (PP of (NP (NP a ` highly-confident ' letter) (PP from (NP commercial banks))))))))))) . '')) (TOP (S (S (NP-SBJ-1 (NP His client) , (NP Mr. Davis) ,) (VP used (NP (NP (ADVP just) such a letter) (PP from (NP Citicorp))) (PP-LOC-CLR in (S-NOM (NP-SBJ *-1) (VP pursuing (NP UAL)))))) ; (S (NP-SBJ-2 Citicorp) (ADVP-TMP later) (VP agreed (S (NP-SBJ *-2) (VP to (VP work (PP-CLR with (NP a competing UAL buy-out group))))))) .)) (TOP (S (NP-SBJ-1 (NP Executives) (PP of (NP (NP Citicorp) and (NP Chase Manhattan)))) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR (PP on either (NP the UAL situation)) , or (PP on (NP (NP the changing nature) (PP of (NP (NP (NP banks ') role) (PP in (S-NOM (NP-SBJ *) (VP financing (NP takeovers))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP the wake) (PP of (NP (NP Campeau 's) problems)))) , (NP-SBJ (NP prices) (PP of (NP junk bonds))) (VP tumbled , (S-ADV (NP-SBJ *) (VP throwing (PP-CLR into (NP doubt)) (NP (NP the ability (S *ICH*-1)) (PP of (NP corporate acquirers)) (S-1 (NP-SBJ *) (VP to (VP finance (NP large takeovers) (PP-MNR with (NP (NP the help) (PP of (NP junk bond sales))))))))))) .)) (TOP (S (NP-SBJ (NP Mark Solow) , (NP (NP senior managing director) (PP-LOC at (NP Manufacturers Hanover Trust Co.))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP the falloff) (PP-LOC in (NP junk bonds))) (VP may (ADVP yet) (VP open (NP (NP new business opportunities) (PP-LOC *ICH*-1)) (PP-CLR to (NP banks)) (PP-LOC-1 in (S-NOM (NP-SBJ *) (VP structuring (NP takeovers))))))))) .)) (TOP (S But (NP-SBJ he) (VP warns (SBAR that (S (NP-SBJ-2 banks) (VP will (VP have `` (S (NP-SBJ *-2) (VP to (VP have (NP (NP enough discipline) '' (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) not (VP to (VP make (NP (NP loans) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD too risky)))))))))))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ Manufacturers Hanover) (VP said (PP-LOC in (NP its third-quarter earnings report)) (SBAR that (S (NP-SBJ (NP fees) (PP from (S-NOM (NP-SBJ *) (VP syndicating (NP loans) (PP-CLR to (NP other banks)))))) (VP dropped (NP-EXT 48 %) , (PP-DIR to (NP (QP $ 21 million) *U*)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP did n't (VP take (NP-CLR part) (PP-CLR in (NP (NP a lot) (PP of (NP deals)))) (SBAR-TMP because (S (NP-SBJ their credit quality) (VP was (ADJP-PRD poor))))))) , '' (VP says (S *T*-1)) (NP-SBJ a bank spokesman) .)) (TOP (S (NP-SBJ (NP James B. Lee) , (NP (NP head) (PP of (NP (NP syndications) and (NP private placements))) (PP-LOC at (NP Chemical Banking Corp.))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ banks) (VP can (ADVP still) (VP make (NP (NP a credible offer) (PP of (NP (NP one-stop shopping) (PP for (NP takeover finance))))))))))))) .)) (TOP (S (PP-CLR-TPC-1 As (NP evidence)) , (NP-SBJ he) (VP cites (NP (NP (NP yesterday 's) arrangement) (PP for (NP (NP the final financing) (PP of (NP (NP a (ADJP (QP $ 3 billion) *U*) bid) (PP for (NP American Medical International Inc.)) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ Chemical) (VP served (PP-MNR as (NP both (NP the lead bank) and (NP an equity investor))) (PP-LOC *T*-2))))))))) (PP-CLR *T*-1)) .)) (TOP (S (PP Beyond (NP (NP the current weakness) (PP-LOC in (NP the junk bond market)))) , (NP-SBJ-1 banks) (VP have (NP (NP another advantage) (PP over (NP investment banks))) (PP-LOC in (S-NOM (NP-SBJ *-1) (VP financing (NP contested takeovers))))) .)) (TOP (S (NP-SBJ (NP Arthur Fleischer Jr.) , (NP (NP a takeover lawyer) (PP-LOC at (NP Fried Frank Harris Shriver & Jacobson))) ,) (VP notes (SBAR that (S `` (NP-SBJ (NP a (ADJP political and emotional) bias) (PP *ICH*-1)) '' (VP has (VP developed (PP-1 against (NP junk bonds))))))) .)) (TOP (S (NP-SBJ (NP One hostile bidder) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (ADVP-MNR deliberately) (VP avoided (S (NP-SBJ *-2) (VP using (NP junk bonds))))))) (VP was (NP-PRD Paramount Communications Inc.) (PP-LOC in (NP its initial offer (S (NP-SBJ *) (VP to (VP acquire (NP Time Inc.) (PP-CLR for (NP (NP (QP $ 10.7 billion) *U*) , or (NP (NP $ 175 *U*) (NP-ADV a share)))))))))) .)) (TOP (S (NP-SBJ A Paramount spokesman) (VP says (SBAR 0 (S (NP-SBJ-1 that decision) (VP was (VP based (NP *-1) (PP-CLR on (NP (NP the (ADJP financial , not political ,) drawbacks) (PP of (NP junk bonds))))))))) .)) (TOP (S But (NP-SBJ some observers) (VP believe (SBAR 0 (S (NP-SBJ-2 Paramount Chairman Martin Davis) (VP wanted (S (NP-SBJ *-2) (VP to (VP avoid (NP (NP the possible taint) (PP of (S-NOM (NP-SBJ-1 *) (VP being (VP perceived (NP *-1) (PP-CLR as (NP a corporate raider)) (PP-LOC in (NP (NP his controversial bid) (PP for (NP Time)))))))))))))))) .)) (TOP (S (PP-TMP In (NP the end)) , (NP-SBJ Mr. Davis) (VP used (NP junk bonds) (SBAR-PRP so that (S (NP-SBJ he) (VP could (VP raise (NP (NP Paramount 's) bid) (PP-DIR to (NP (NP $ 200 *U*) (NP-SBJ a share)))))))) .)) (TOP (S (NP-SBJ Some Monday-morning quarterbacks) (VP said (SBAR 0 (S (NP-SBJ (NP the initial lower bid) , (PP without (NP junk bonds)) ,) (VP was (NP-PRD (NP a factor) (PP in (S-NOM (NP-SBJ his) (VP losing (NP the company))))))))) .)) (TOP (S (NP-SBJ-1 Time) (VP eluded (NP Paramount) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP acquiring (NP Warner Communications Inc))))) .)) (TOP (S (NP-SBJ-1 (NP (NP The success) (PP of (NP the NWA financing))) , and (NP (NP the failure) (PP of (NP the UAL deal))) ,) (ADVP also) (VP seem (S (NP-SBJ *-1) (VP to (VP highlight (NP (NP the important new role) (PP-LOC in (NP takeover financing)) (VP being (VP played (NP *) (PP by (NP-LGS Japanese banks))))))))) .)) (TOP (S (NP-SBJ Japanese banks) (VP accounted (PP-CLR for (NP (NP 50 %) (PP of (NP the NWA bank debt)))) , (PP according (PP to (NP (NP a report) (PP by (NP Transportation Secretary Samuel Skinner)))))) .)) (TOP (S-CLF But (NP-SBJ it) (VP was (NP-PRD (NP broad-scale rejection) (PP by (NP Japanese banks))) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP helped (S (NP-SBJ *-2) (VP seal (NP (NP the fate) (PP of (NP the attempt (S (NP-SBJ *) (VP to (VP buy (NP UAL))))))))))))) .)) (TOP (S (NP-SBJ-1 Citicorp and Chase) (VP are (VP attempting (S (NP-SBJ *-1) (VP to (VP put (PRT together) (NP a new , lower bid)))))) .)) (TOP (S (NP-SBJ (NP Takanori Mizuno) , (NP (NP chief economist) (PP of (NP (NP (NP the Institute) (PP for (NP Financial Affairs Inc.))) , (NP (NP a Tokyo research center) (PP on (NP finance and economics))) ,)))) (VP says , `` (S (S (NP-SBJ The junk bond market) (VP became (ADJP-PRD very jittery))) , and (S (NP-SBJ there) (VP 's (NP-PRD (NP a fear) (PP of (NP (NP a coming recession) and (NP (NP the possible bankruptcy) (PP of (NP LBO companies)))))))))) .)) (TOP (S (NP-SBJ-2 Harley-Davidson Inc.) (VP filed (NP suit) (PP-LOC in (NP federal court)) (ADVP-LOC here) , (S-ADV (NP-SBJ *-2) (VP alleging (SBAR that (S (NP-SBJ (NP a group) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP holds (NP (NP 6.2 %) (PP of (NP its stock))))))) (VP made (NP `` (ADJP false , deceptive and misleading) '' statements) (PP-LOC in (NP recent (NX (NX regulatory filings) and (NX public announcements)))))))))) .)) (TOP (S (NP-SBJ (NP Harley-Davidson 's) complaint) (VP claims (SBAR (SBAR that (S (NP-SBJ-2 (NP the group) , (VP led (NP *) (PP by (NP-LGS investor Malcolm I. Glazer))) ,) (VP violated (NP securities laws) (PP-MNR by (S-NOM (NP-SBJ-3 *-2) (VP failing (S (NP-SBJ *-3) (VP to (VP disclose (NP plans (S (NP-SBJ *) (VP to (VP purchase (NP (NP 15 %) (PP of (NP (NP (NP the company 's) shares) (ADJP outstanding))))))))))))))))) and (SBAR that (S (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-1 the required Hart-Scott-Rodino filing) (ADVP eventually) (VP was (VP made (NP *-1) (ADVP-TMP *T*-4))))) , (NP-SBJ it) (VP did n't (VP disclose (NP (NP (NP the group 's) alleged earlier violation) (PP of (NP (NP the so-called prior-notice requirements) (PP of (NP the law))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Glazer) (VP could n't (ADVP-TMP immediately) (VP be (VP reached (NP *-1) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP comment)))))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Harley) (NP-TMP last week) (ADVP-MNR publicly) (VP questioned (NP (NP the legality) (PP of (NP (NP the group 's) filing procedures))) (ADVP-TMP *T*-1)))) , (S (NP-SBJ the (NAC-LOC Rochester , N.Y. ,) investor) (VP said `` (S (NP-SBJ we) (VP complied (PP-CLR with (NP every law)))))) , '' and (S (NP-SBJ he) (VP denied (NP any wrongdoing))) .)) (TOP (S (NP-SBJ The Glazer group) (VP said (PP-LOC in (NP a Securities and Exchange Commission filing)) (PP-TMP in (NP early October)) (SBAR that (S (NP-SBJ it) (VP may (VP (VP seek (NP (NP a controlling interest) (PP-LOC in (NP Harley-Davidson)))) , or (VP seek (NP (NP representation) (PP-LOC on (NP (NP the company 's) board))))))))) .)) (TOP (S (NP-SBJ Harley) (VP has (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP does n't (VP intend (S (NP-SBJ-1 *-2) (VP to (VP be (VP acquired (NP *-1) (PP by (NP-LGS (NP the Glazer group) or (NP any other party))))))))))))) .)) (TOP (S (NP-SBJ (NP Inland Steel Industries Inc.) , (VP battered (NP *) (PP by (NP-LGS (NP lower volume) and (NP higher costs)))) ,) (VP posted (NP (NP a (ADJP 75 %) drop) (PP-LOC in (NP third-quarter earnings)))) .)) (TOP (S (NP-SBJ (NP The nation 's) fourth-largest steelmaker) (VP earned (NP (NP (NP (QP $ 18.3 million) *U*) , or (NP (NP 43 cents) (NP-ADV a share)) ,) (PP compared (PP with (NP (NP (NP (QP $ 61 million) *U*) , or (NP (NP $ 1.70 *U*) (NP-ADV a share)) ,) (ADVP-TMP (ADVP (NP a year) earlier) , (SBAR (WHADVP-1 when) (S (NP-SBJ the industry) (VP was (VP enjoying (NP (NP peak demand) and (NP strong pricing)) (ADVP-TMP *T*-1))))))))))) .)) (TOP (S (NP-SBJ Sales) (VP fell (PP-DIR to (NP (QP $ 981.2 million) *U*)) (PP-DIR from (NP (QP $ 1.02 billion) *U*))) .)) (TOP (S (NP-SBJ The earnings) (ADVP also) (VP mark (NP (NP a significant drop) (PP from (NP (NP (NP the second quarter 's) (QP $ 45.3 million) *U*) or (NP (NP $ 1.25 *U*) (NP-ADV a share)))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ the earnings) (VP were (PP-LOC-PRD (ADVP well) below (NP (NP (NP analysts ') expectations) (PP of (NP (NP (QP about $ 1.16) *U*) (NP a share)))))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ Inland) (VP closed (NP-TMP yesterday) (PP-CLR at (NP (NP $ 35.875 *U*) (NP-ADV a share))) , (ADVP down (NP $ 1 *U*))) .)) (TOP (S (NP-SBJ The company) (VP attributed (NP the earnings drop) (PP-CLR to (NP (NP lower volume) (VP related (NP *) (PP-CLR to (NP (NP seasonal demand) and (NP (NP the soft consumer durable market) , (PP-LOC (ADVP especially) in (NP the automotive sector))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ the company) (ADVP also) (VP lost (NP orders) (PP-PRP because of (NP (NP prolonged labor talks) (PP-TMP in (NP the second quarter))))) .)) (TOP (S (NP-SBJ Third-quarter shipments) (VP (VP slipped (NP-EXT-1 7 %) (PP-DIR-2 from (NP-TMP the year-ago period))) , and (VP (NP=1 17 %) (PP-DIR=2 from (NP-TMP (NP this year 's) second quarter)))) .)) (TOP (S (NP-SBJ (NP Profit) (PP of (NP (NP steel) (VP shipped (NP *) (PP for (NP (NP the company 's) steel segment)))))) (VP slid (PP-DIR to (NP (NP $ 26 *U*) (NP-ADV a ton))) , (PP-DIR from (NP (NP (NP (NP $ 66 *U*) (NP-ADV a ton)) (ADVP-TMP (NP a year) earlier)) and (NP (NP (NP $ 57 *U*) (NP-ADV a ton)) (ADVP-TMP (NP a quarter) earlier))))) .)) (TOP (S (NP-SBJ Analysts) (VP noted (SBAR that (S (NP-SBJ the disappointing results) (VP do n't (VP reflect (NP (NP lower prices) (PP for (NP steel products)))))))) .)) (TOP (S (NP-SBJ (NP Charles Bradford) , (NP (NP an analyst) (PP with (NP Merrill Lynch Capital Markets))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP higher prices) (PP for (NP galvanized and cold-rolled products))) (VP offset (NP (NP lower prices) (PP for (NP (ADJP bar , hot-rolled and structural) steel))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 (NP Structural steel) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (ADVP primarily) (VP serves (NP the construction market)))) ,) (VP was (ADVP especially) (VP hurt (NP *-1) (PP by (NP-LGS a (ADJP 15 %) price drop))))) , (NP-SBJ Mr. Bradford) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 its integrated steel sector) (VP was (ADVP also) (VP hurt (NP *-1) (PP by (NP-LGS higher raw material , repair and maintenance , and labor costs))))))) .)) (TOP (S (NP-SBJ The increased labor costs) (VP became (ADJP-PRD effective) (NP-TMP Aug. 1) (PP-LOC under (NP (NP terms) (PP of (NP (NP the four-year labor agreement) (PP with (NP the United Steelworkers union))))))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ (NP (NP the company 's) service center segment) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP saw (S (NP-SBJ operating profit) (VP drop (PP-DIR to (NP (QP $ 11.5 million) *U*)) (PP-DIR from (NP (QP $ 30.7 million) *U*) (ADVP-TMP (NP a year) ago))))))) ,) (VP experienced (NP (NP (NP much) (PP of (NP the same demand and cost problems))) , (CONJP as well as) (NP (NP start-up costs) (VP associated (NP *) (PP-CLR with (NP (NP (NP a coil processing facility) (PP-LOC in (NP Chicago))) and (NP an upgraded computer information system))))))) .)) (TOP (S (NP-SBJ Inland Chairman Frank W. Luerssen) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the company 's) short-term outlook) (VP is `` (VP clouded (NP *-1) (PP by (NP-LGS (NP uncertainties) (PP-LOC in (NP (NP the economy) and (NP financial markets)))))))))) . '')) (TOP (S (ADVP However) , (NP-SBJ he) (VP noted (SBAR (SBAR that (S (NP-SBJ steel mill bookings) (VP are (ADVP-PRD up (PP from (NP early summer levels)))))) , and (SBAR that (S (NP-SBJ he) (VP expects (S (NP-SBJ the company) (VP to (VP improve (NP its cost performance) (PP-TMP in (NP the fourth quarter)))))))))) .)) (TOP (S (PP-TMP In (NP the first nine months)) , (NP-SBJ profit) (VP was (NP-PRD (NP (NP (NP (QP $ 113 million) *U*) , or (NP (NP $ 3.04 *U*) (NP-ADV a share))) , (PP on (NP (NP sales) (PP of (NP (QP $ 3.19 billion) *U*))))) , (PP compared (PP with (NP (NP (NP (QP $ 204.5 million) *U*) , or (NP (NP $ 5.76 *U*) (NP-ADV a share))) , (PP on (NP (NP sales) (PP of (NP (QP $ 3.03 billion) *U* ,)) (ADVP-TMP (NP a year) earlier)))))))) .)) (TOP (S (NP-SBJ (NP The `` seismic '' activity) (PP of (NP a financial market))) (VP bears (NP (NP a resemblance) (PP to (NP (NP the seismic activity) (PP of (NP the earth)))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ things) (VP (NP are (ADJP-PRD quiet) (ADVP-TMP *T*-1)) (PRN -LRB- (NP low volatility) -RRB-)))) , (NP-SBJ (NP the structures) (SBAR (WHPP-2 on (WHNP which)) (S (NP-SBJ markets) (VP stand (PP-LOC *T*-2))))) (VP can (VP (VP be (ADJP-PRD relatively inefficient)) and (VP (ADVP still) perform (NP their functions) (ADVP-MNR adequately)))) .)) (TOP (X (ADVP However) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 powerful forces) (VP start (S (NP-SBJ *-2) (VP shaking (NP (NP the market 's) structure))) (ADVP-TMP *T*-1)))) , (SBAR-ADV (X the (ADJP more `` earthquake-resistant '')) (S (NP-SBJ it) (VP is (ADJP-PRD *?*)))) , (X the better) (NP (NP its chance) (PP for (NP survival))) .)) (TOP (S (NP-SBJ (NP America 's) financial markets) (VP do not (ADVP yet) (VP have (NP (NP all the required modern features) (VP required (NP *) (S-PRP (NP-SBJ *) (VP to (VP make (S (NP-SBJ them) (ADJP-PRD fully `` aftershock-resistant))))))))) . '')) (TOP (S (NP-SBJ Investors) (VP lack (NP (NP equal access) (PP to (NP (NP (NP the markets ') trading arena) and (NP its information))))) .)) (TOP (S (NP-SBJ That structural lack) (VP is (ADJP-PRD crucial) (SBAR-TMP because (S (NP-SBJ investors) (VP are (NP-PRD (NP the only source) (PP of (NP market liquidity))))))) .)) (TOP (S And (NP-SBJ liquidity) (VP is (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ-2 markets) (VP need (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP damp (NP quakes and aftershocks)))))))) .)) (TOP (S (PP-LOC In (NP (NP today 's) markets)) , (NP-SBJ (NP (NP specialists) (PRN -LRB- (PP-LOC on (NP the New York Stock Exchange)) -RRB-)) and (NP (NP `` upstairs '' market makers) (PRN -LRB- (PP-LOC in (NP the over-the-counter market)) -RRB-))) (VP are (NP-PRD (NP the only market participants) (VP allowed (S (NP-SBJ *) (VP to (VP play (NP a direct role) (PP-LOC in (NP the price-determination process)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ they) (VP halt (NP trading) (ADVP-TMP *T*-2)))) , (NP-SBJ all market liquidity) (VP is (ADJP-PRD gone)) .)) (TOP (S And (SBAR-TMP (WHADVP when) (S (NP-SBJ (NP (NP any component) (PP of (NP the market))) -- (NP cash , futures or options) --) (VP loses (NP liquidity)))) , (NP-SBJ-1 (NP the price discovery system) (PRN -LRB- (NP (NP the way) (SBAR (WHADVP-3 0) (S (NP-SBJ-2 prices) (VP are (VP determined (NP *-2) (ADVP-MNR *T*-3)))))) -RRB-)) (VP (VP becomes (ADJP-PRD flawed)) or (VP is (VP lost (NP *-1) (ADVP entirely) (PP-TMP for (NP a time))))) .)) (TOP (S (NP-TMP Last Friday the 13th) (PRN -LRB- (PP as well as (ADVP-TMP (NP two years) ago (NP this week))) -RRB-) (NP-SBJ the markets) (VP became (ADJP-PRD unlinked)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ that) (VP happened (ADVP-TMP *T*-1)))) , (NP-SBJ (NP `` seismic '' tremors) (PP of (NP fear))) (PRN -- (PP (ADVP much) like (NP (NP the shock waves) (VP created (NP *) (PP by (NP-LGS an earthquake))))) --) (VP (VP coursed (PP-DIR through (NP the market))) and (VP increased (NP (NP the market 's) volatility))) .)) (TOP (S (NP-SBJ (NP Lack) (PP of (NP important , needed information))) (VP can (VP cause (NP fear))) .)) (TOP (S (NP-SBJ Fear) (VP is (NP-PRD (NP the father) (PP of (NP panic)))) .)) (TOP (S (NP-SBJ Panic) (ADVP-TMP frequently) (VP results (PP-CLR in (NP irrational behavior))) .)) (TOP (S And (PP-LOC in (NP financial markets)) , (NP-SBJ-1 irrational behavior) (VP is (ADVP-TMP sometimes) (VP translated (NP *-1) (PP-CLR into (NP catastrophe)))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ market tremors) (VP start (ADVP-TMP *T*-2)))) , (NP-SBJ (NP it) (SBAR *EXP*-3)) (VP is (ADJP-PRD crucial) (SBAR-3 that (S (NP-SBJ-1 (NP as much information) (PP about (NP (NP transaction prices) and (NP (NP the supply-demand curve) (PRN -LRB- (NP (NP buy and sell orders) (PP at (NP various prices))) -RRB-))))) (VP be (VP made (S (NP-SBJ *-1) (ADJP-PRD available (PP (PP to (NP all)) , (CONJP not just) (PP to (NP market makers)))))))))) .)) (TOP (S (PP-PRP Because of (NP (NP a lack) (PP of (NP information and access)))) , (NP-SBJ-3 (NP many investors) -- (PP including (NP (NP the very ones) (SBAR (WHNP-2 whose buying power) (S (NP-SBJ *T*-2) (VP could (VP (VP restore (NP stability)) and (VP damp (NP volatility)))))))) --) (VP are (VP forced (S (NP-SBJ *-3) (VP to (VP stand (PP-LOC on (NP the sidelines)) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-1 they) (VP are (ADVP most) (VP needed (NP *-1) (ADVP-TMP *T*-4))))) , (PP-PRP because of (NP (NP their ignorance) (PP of (NP important market information))))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP add (NP aftershock-damping power) (PP-CLR to (NP (NP America 's) markets))))) , (NP-SBJ-2 (NP a modern , electronic trading system) (SBAR *ICH*-1)) (VP should (VP be (VP implemented (NP *-2) (SBAR-1 (WHNP-4 that) (S (NP-SBJ *T*-4) (VP permits (NP (NP equal access) (PP to (NP (NP the trading arena) -LRB- and (NP (NP the information) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP would (ADVP automatically) (VP accompany (NP such access)))))) -RRB-)) (PP by (NP (NP investors) -- (ADVP particularly) (NP institutional investors)))))))))) .)) (TOP (S (ADVP Contrary (PP to (NP some opinions))) , (NP-SBJ (NP the trading activities) (PP of (NP (NP specialists) and (NP other market makers)))) (VP do not (VP provide (NP liquidity) (PP-DTV to (NP (NP the market) (PP as (NP a whole)))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ market makers) (VP provide (NP *T*-1)))) (VP is (NP-PRD (NP immediacy) , (NP a (ADJP very valuable) service))) .)) (TOP (S (NP-SBJ Liquidity) (VP is not (NP-PRD a service)) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP a market attribute) -- (NP the ability (S (NP-SBJ-1 *) (VP to (VP absorb (NP selling orders) (PP-MNR without (S-NOM (NP-SBJ *-1) (VP causing (NP significant price changes)))) (PP in (NP (NP the absence) (PP of (NP news)))))))))) .)) (TOP (S (S (NP-SBJ Market makers) (VP buy (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 investors) (VP wish (S (NP-SBJ *-2) (VP to (VP sell (NP *T*-1))))))))) ; (S (NP-SBJ their business) (VP is (VP reselling (NP these unwanted positions) (ADVP-MNR (ADVP as quickly) (PP as (ADJP possible))) (PP-CLR to (NP other investors)) (PRN , and (PP-CLR at (NP a profit)))))) .)) (TOP (S (S (PP As (NP a result)) , (SBAR-ADV while (S (NP-SBJ-2 any one customer) (VP may (VP purchase (NP immediacy) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP (VP selling (PP-CLR to (NP a market maker))) -LRB- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD micro-liquidity) (PP for (NP the investor))))) -RRB-))))))) , (NP-SBJ (NP the market) (PP as (NP a whole))) (VP remains (PP-LOC in (NP (NP the same circumstances) (SBAR (WHADVP-3 0) (S (NP-SBJ it) (VP was (ADVP-LOC-PRD *T*-3) (PP-TMP before (NP the transaction))))))))) : (S (S (NP-SBJ The unwanted position) (VP is (ADVP still) (NP-PRD an unwanted position))) ; (S (NP-SBJ (NP only the identity) (PP of (NP the seller))) (VP has (VP changed)))) .)) (TOP (S (PP In (NP fact)) (NP-SBJ-1988 it) (VP can (VP be (VP argued (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP (VP increasing (NP (NP capital commitments) (PP by (NP market makers)))) (PRN -LRB- (NP (NP a result) (PP of (NP some (ADJP post-1987 crash) studies))) -RRB-))) (ADVP also) (VP increases (NP market volatility)))) , (SBAR-PRP since (S (SBAR-ADV (X the more) (S (NP-SBJ-1 securities) (VP are (VP held (NP *-1) (PP by (NP-LGS market makers)) (PP-TMP at (NP any given time)))))) , (X the more) (NP-SBJ selling pressure) (VP is (VP overhanging (NP the market)))))))) .)) (TOP (S (PP-LOC In (NP an open electronic system)) , (NP-SBJ-1 (NP any investor) (VP wishing (S (NP-SBJ *) (VP to (VP pay (PP-CLR for (NP (NP real-time access) (PP to (NP the trading arena)) (PP through (NP a registered broker-dealer))))))))) (VP would (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP (VP to (VP see (NP (NP the entire supply-demand curve) (PRN -LRB- (NP (NP buy and sell orders) (PP at (NP each price))) -RRB-) (VP entered (NP *) (PP by (NP-LGS (NP dealers and investors) (ADVP alike))))))) , and (VP to (VP enter and execute (NP orders)))))))) .)) (TOP (S (NP-SBJ Current quotations) (VP would (VP reflect (NP (NP (NP the combined financial judgment) (PP of (NP all market participants))) -- (CONJP not just) (NP (NP those) (PP of (NP (NP intermediaries) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP become (ADJP-PRD extremely risk-averse) (PP-TMP during (NP (NP times) (PP of (NP crisis))))))))))))) .)) (TOP (S (NP-SBJ (NP Investors and professionals) (ADVP alike)) (VP would (VP compete (PP-LOC on (NP (NP the level playing field) (SBAR (WHNP-1 0) (S (NP-SBJ Congress) (VP (VP sought (NP *T*-1)) and (VP called (S (NP-SBJ *T*-1) (NP-PRD (NP a `` national market system '') -LRB- (VP (ADVP not yet) achieved (NP *)) -RRB-))) (ADVP-TMP (NP (QP almost 15) years) ago) (SBAR-TMP (WHADVP when) (S (NP-SBJ it) (VP passed (NP (NP the Securities Reform Act) (PP of (NP 1975))))))))))))) .)) (TOP (S (NP-SBJ (NP Last Friday 's) market gyrations) (VP did not (VP result (PP-CLR in (NP severe `` aftershocks)))) . '')) (TOP (SQ Were (NP-SBJ we) (ADJP-PRD smart or just lucky) ?)) (TOP (S (NP-SBJ I) (VP 'm not (ADJP-PRD certain)) .)) (TOP (S But (NP-SBJ I) (VP am (ADJP-PRD sure (SBAR 0 (S (NP-SBJ-1 we) (VP need (S (NP-SBJ-2 *-1) (VP to (VP maximize (NP our `` earthquake '' protection) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP making (ADJP-CLR certain) (SBAR that (S (NP-SBJ our market structures) (VP let (S (NP-SBJ investors) (VP add (NP their mighty shock-damping power) (PP-CLR to (NP (NP our nation 's) markets)))))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Peake) (VP is (NP-PRD (NP chairman) (PP of (NP (NP his own consulting company) (PP-LOC in (NP (NP Englewood) , (NP N.J))))))) .)) (TOP (S (S (ADVP-TMP NOW) (NP-SBJ YOU) (VP SEE (NP IT))) , (S (ADVP-TMP now) (NP-SBJ you) (VP do n't (VP *?*))) .)) (TOP (S (NP-PRD-TPC-1 The recession) , (NP-SBJ that) (VP is (NP-PRD *T*-1)) .)) (TOP (S (NP-SBJ (NP The economy 's) stutter steps) (VP leave (S (NP-SBJ investors) (VP wondering (SBAR whether (S (NP-SBJ things) (VP are (VP (VP slowing (PRT down)) or (VP speeding (PRT up))))))))) .)) (TOP (SINV (ADVP-TMP (ADVP So often) (SBAR *ICH*-1)) are (NP-SBJ government statistics) (VP revised) (SBAR-1 that (S (NP-SBJ-2 they) (VP seem (S (NP-SBJ *-2) (VP to (VP resemble (NP a spinning weather vane))))))) .)) (TOP (S (PP-TMP For (NP the past seven years)) , (NP-SBJ investors) (VP have (VP had (NP the wind) (PP-LOC at (NP their backs)) , (PP in (NP (NP the form) (PP of (NP a (ADJP generally growing) economy)))))) .)) (TOP (S (S (NP-SBJ Some) (VP may (VP have (VP forgotten (SBAR *RNR*-2))))) -- and (S (NP-SBJ some younger ones) (VP may (ADVP-TMP never) (VP have (VP experienced (SBAR *RNR*-2))))) -- (SBAR-2 (WHNP-1 what) (S (NP-SBJ (NP it) (S *EXP*-3)) (VP 's (PP-PRD like (NP *T*-1)) (S-3 (NP-SBJ *) (VP to (VP invest (PP-TMP during (NP a recession)))))))) .)) (TOP (S (NP-SBJ-1 Different tactics) (VP are (VP called (PP for (NP *-1)) , (SBAR-ADV as (S (S (S-NOM-SBJ (NP-SBJ *) (VP losing (NP money))) (VP becomes (ADJP-PRD easier))) and (S (S-NOM-SBJ (NP-SBJ *) (VP making (NP money))) (VP becomes (ADJP-PRD tougher))))))) .)) (TOP (S (PP For (NP (NP those investors) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP believe (PRN -- or fear --) (SBAR that (S (NP-SBJ 1990) (VP will (VP be (NP-PRD a recession year)))))))))) , (NP-SBJ many economists and money managers) (VP agree (PP-CLR on (NP (NP steps) (SBAR (WHNP-4 that) (S (NP-SBJ-1 *T*-4) (VP can (VP be (VP taken (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP lower (NP (NP the risks) (PP-LOC in (NP a portfolio)))))))))))))) .)) (TOP (S (PP In (NP a nutshell)) , (NP-SBJ pros) (VP advise (NP-2 (NP investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP expect (NP a slowdown))))) (S (NP-SBJ *-2) (VP (VP to (VP hold (NP (NP fewer stocks) (PP than (ADJP usual))))) and (VP to (VP favor (NP (NP shares) (PP of (NP (NP big companies) (PP-LOC in (NP `` defensive '' industries)))))))))) .)) (TOP (S (NP-SBJ-1 (NP A heavy dose) (PP of (NP cash))) (VP is (VP prescribed (NP *-1) , (ADVP along (PP with (NP (NP a heavier-than-usual allotment) (PP to (NP (NP bonds) -- (ADVP preferably) (NP government bonds)))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-2)) (VP 's (ADJP-PRD tempting) (S-2 (NP-SBJ *) (VP to (VP think (SBAR 0 (S (NP-SBJ-1 these defensive steps) (VP can (VP be (VP delayed (NP *-1) (SBAR-TMP until (S (NP-SBJ a recession) (VP is (ADVP clearly) (PP-PRD at (NP hand)))))))))))))) .)) (TOP (S But (NP-SBJ that) (VP may not (VP be (ADJP-PRD possible) , (SBAR-PRP because (S (NP-SBJ recessions) (ADVP-TMP often) (VP take (NP investors) (PP-MNR by (NP surprise))))))) .)) (TOP (S `` (NP-SBJ-1 They) (ADVP-TMP always) (VP seem (S (NP-SBJ *-1) (VP to (VP come (ADVP-TMP (NP a bit) later (SBAR than (S (NP-SBJ you) (VP expect)))))))) .)) (TOP (SINV (S-TPC-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ they) (VP do (VP hit (ADVP-TMP *T*-1))))) , (NP-SBJ they) (VP hit (ADVP-MNR fast))) , '' (VP says (S *T*-2)) (NP-SBJ (NP David A. Wyss) , (NP (NP chief financial economist) (PP-LOC at (NP (NP the Data Resources division) (PP of (NP McGraw-Hill Inc)))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ (NP he) (NP himself)) (VP does n't (VP expect (NP (NP a recession) (ADVP-TMP soon)))))) , (NP-SBJ Mr. Wyss) (VP advises (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP do (VP *?*))))) (SBAR that `` (S (NP-SBJ (NP the best thing) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP be (PP-PRD in (NP *T*-2))))))) (VP is (NP-PRD (ADJP (ADJP long) (PRN (S (NP-SBJ that) (VP is))) , (ADJP 20-year to 30-year)) Treasury bonds)) . ''))))) (TOP (S (S (S-TPC-1 (NP-SBJ The reason) (VP is (ADJP-PRD simple))) , (NP-SBJ Mr. Wyss) (VP says (SBAR 0 (S *T*-1)))) : `` (S (NP-SBJ Interest rates) (ADVP-TMP almost always) (VP decline (PP-TMP during (NP recession)))) . '')) (TOP (S (ADVP As surely (SBAR as (S (NP-SBJ a seesaw) (VP tilts)))) , (NP-SBJ falling interest rates) (VP force (ADVP-DIR up) (NP (NP the price) (PP of (NP (ADJP previously issued) bonds)))) .)) (TOP (S (NP-SBJ They) (VP are (PP-PRD worth (NP more)) (SBAR-PRP because (S (NP-SBJ they) (VP pay (NP (NP higher interest) (SBAR than (S (NP-SBJ (ADJP newly issued) bonds) (VP do (VP *?*))))))))) .)) (TOP (S (NP-SBJ-1 That effect) (VP holds (S-CLR (NP-SBJ *-1) (ADJP-PRD true)) (PP for (NP (ADJP both short-term and long-term) bonds))) .)) (TOP (S But (NP-SBJ short-term bonds) (VP ca n't (VP rise (ADVP-EXT too much) , (SBAR-PRP because (S (NP-SBJ everyone) (VP knows (SBAR 0 (S (NP-SBJ-1 they) will (VP be (VP redeemed (NP *-1) (PP-CLR at (NP a preset price)) (ADVP-TMP fairly soon)))))))))) .)) (TOP (S (NP-SBJ (NP Long-term bonds) , (PP with (NP (NP many years) (ADJP left) (PP-TMP before (NP maturity)))) ,) (VP swing (ADVP-EXT more widely) (PP-CLR in (NP price))) .)) (TOP (S But (NP-SBJ not just any bonds) (VP will (VP do)) .)) (TOP (S (S-TPC-1 (NP-SBJ Corporate bonds) `` (VP are (ADVP-TMP usually) not (NP-PRD a good bet) (PP-LOC in (NP a recession)))) , '' (NP-SBJ Mr. Wyss) (VP says (S *T*-1)) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ times) (VP get (ADJP-PRD tougher)))) , (NP-SBJ investors) (VP fret (PP-CLR about (SBAR whether (S (NP-SBJ companies) (VP will (VP have (NP (NP enough money) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP pay (NP their debts)))))))))))) .)) (TOP (S (NP-SBJ This) (VP hurts (NP (NP the price) (PP of (NP corporate bonds)))) .)) (TOP (S-1 (ADVP Also) , (PRN (S (NP-SBJ he) (VP notes (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ most corporate bonds) (VP are (ADJP-PRD callable)) . '')) (TOP (S (NP-SBJ That) (VP means (SBAR that (S (NP-SBJ-1 a corporation) , (SBAR-TMP after (S (NP-SBJ (NP a specified amount) (PP of (NP time))) (VP has (VP passed)))) , (VP can (VP buy (ADVP-CLR back) (NP its bonds) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP paying (NP investors) (NP (NP the face value) (PRN -LRB- plus , (PP-LOC in (NP some cases)) , (NP a sweetener) -RRB-)))))))))) .)) (TOP (S (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ interest rates) (VP have (VP dropped (ADVP-TMP *T*-1))))) , (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP makes (NP sense) (SBAR-2 for (S (NP-SBJ corporations) (VP to (VP do (NP just that))))))) ; (S (NP-SBJ they) (ADVP-TMP then) (VP save (PP-CLR on (NP interest costs)))) .)) (TOP (S But (NP-SBJ-1 the investors) (VP are (VP left (S (NP-SBJ *-1) (VP stranded (PP with (NP (NP money) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP reinvest (NP *T*-2))))))))) (PP-TMP at (NP (NP a time) (SBAR (WHADVP-3 when) (S (NP-SBJ interest rates) (VP are (ADJP-PRD puny) (ADVP-TMP *T*-3)))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ corporate bonds) (VP are (ADJP-PRD bad) (PP-LOC in (NP recessions))))) , (NP-SBJ-1 junk bonds) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the worst) (PP of (NP all)))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP It) (S *EXP*-2)) (VP 's (NP-PRD an `` absolute necessity '') (S-2 (NP-SBJ *) (VP to (VP get (PP-DIR out (PP of (NP junk bonds))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ a recession) (VP is (PP-PRD in (NP the offing)) (ADVP-TMP *T*-3))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Avner Arbel) , (NP (NP professor) (PP of (NP finance)) (PP-LOC at (NP Cornell University)))) .)) (TOP (S `` (S (NP-SBJ Such bonds) (VP are (ADJP-PRD very sensitive (PP to (NP the downside))))) , and (S (NP-SBJ this) (VP could (VP be (NP-PRD a disaster)))) . '')) (TOP (S (NP-SBJ Municipal bonds) (VP are (ADVP generally) (ADJP-PRD (ADJP (ADJP a bit safer) (PP than (NP (NP corporate bonds) (PP in (NP a recession))))) , but (ADJP (ADJP not as safe) (PP as (NP (NP bonds) (VP issued (NP *) (PP by (NP-LGS the federal government)))))))) .)) (TOP (S (PP-TMP During (NP an economic slump)) , (NP-SBJ local tax revenues) (ADVP-TMP often) (VP go (ADVP-DIR down) , (S-ADV (NP-SBJ *) (VP raising (NP (NP the risks) (VP associated (NP *) (PP-CLR with (NP (ADVP at least) some municipals))))))) .)) (TOP (S And , (PP like (NP corporates)) , (NP-SBJ many municipal bonds) (VP are (ADJP-PRD callable)) .)) (TOP (S But (NP-SBJ-1 a few experts) , (S-ADV (NP-SBJ *-1) (VP going (PP-CLR against (NP the consensus)))) , (VP do n't (VP think (SBAR 0 (S (NP-SBJ bonds) (VP would (VP help (NP investors) (SBAR-ADV even if (S (NP-SBJ a recession) (VP is (PP-PRD in (NP the offing))))))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP these))) (VP is (NP-PRD (NP Jeffrey L. Beach) , (NP (NP director) (PP of (NP research)) (PP for (NP (NP (NP Underwood Neuhaus) & (NP Co.)) , (NP (NP a brokerage house) (PP-LOC in (NP Houston)))))) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP thinks (SBAR that (S `` (NP-SBJ-2 we) (VP 're (UCP-PRD either (PP-LOC in (NP a recession)) or (ADJP about (S (NP-SBJ *-2) (VP to (VP go (PP-DIR into (NP one)))))))) . ''))))))))) (TOP (S (S (S-ADV (NP-SBJ What) (VP 's (NP-PRD more))) , (NP-SBJ he) (VP thinks (SBAR 0 (S (NP-SBJ this) (VP could (VP be (NP-PRD (NP a nastier recession) (PP than (ADJP usual))))))))) : `` (S (SBAR-TMP Once (S (NP-SBJ the downturn) (VP comes))) , (NP-SBJ-1 it) (VP 's (VP going (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD very hard (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP reverse (NP *T*-2))))))))))) . ''))) (TOP (S-1 (NP-SBJ-2 Investors) (PRN , (S (NP-SBJ he) (VP advises (SBAR 0 (S *T*-1)))) , ``) (VP should (VP be (ADJP-PRD cautious) , '' (S-ADV (NP-SBJ *-2) (VP (VP holding (NP (NP fewer stocks) (PP than (ADJP usual)))) and (ADVP also) (VP shunning (NP bonds)))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ he) (VP sees (NP (NP a `` (ADJP (QP 5 % to 6 %) *U*) base rate) (PP of (NP inflation)) (PP-LOC in (NP the economy)))))) , '' (NP-SBJ he) (VP doubts (SBAR that (S (NP-SBJ interest rates) (VP will (VP fall (ADVP-EXT much) (NP-TMP (NP any time) (ADVP soon))))))) .)) (TOP (S-1 (ADVP Instead) , (PRN (S (NP-SBJ Mr. Beach) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ investors) `` (ADVP probably) (VP should (VP be (VP carrying (NP (NP a (ADJP very high) level) (PP of (NP (NP cash) , '' (SBAR (WHPP-2 by (WHNP which)) (S (NP-SBJ he) (VP means (NP (NP such so-called cash equivalents) (PP as (NP (NP money-market funds) and (NP Treasury bills)))) (PP-CLR *T*-2)))))))))) .)) (TOP (S (NP-SBJ (NP Greg Confair) , (NP (NP president) (PP of (NP (NP Sigma Financial Inc.) (PP-LOC in (NP (NP Allentown) , (NP Pa.)))))) ,) (ADVP also) (VP recommends (SBAR that (S (NP-SBJ investors) (VP go (ADVP-MNR heavily) (PP-CLR for (NP cash)))))) .)) (TOP (S (NP-SBJ He) (VP (VP is n't (ADJP-PRD sure (SBAR 0 (S (NP-SBJ a recession) (VP is (VP coming)))))) , but (VP says (SBAR 0 (S (NP-SBJ (NP the other likely alternative) -- (NP reignited inflation) --) (VP is (ADJP-PRD just as bad)))))) .)) (TOP (S (S-TPC-2 `` (ADVP-TMP This late (PP in (NP an expansion))) , '' (NP-SBJ-1 the economy) (VP tends (S (NP-SBJ *-1) (VP to (VP veer (PRT off) (PP-DIR either (PP into (NP damaging inflation)) or (PP into (NP a recession)))))))) , (NP-SBJ Mr. Confair) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S-1 (NP-SBJ (NP (NP The Federal Reserve Board 's) plan) (PP for (NP a `` soft landing))) (PRN , '' (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (VP requires (S (NP-SBJ the Fed) (VP to (VP navigate `` (NP an ever-narrowing corridor))))) . '')) (TOP (S (S-TPC-3 (NP-SBJ A soft landing) (VP is n't (NP-PRD (NP something) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP can (VP be (VP achieved (NP *-1) (ADVP-TMP (ADVP once) and (PP for (NP all))))))))))) , (NP-SBJ Mr. Confair) (VP adds (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-2 It) (VP has (S (NP-SBJ-1 *-2) (VP to (VP be (VP engineered (NP *-1) (ADVP over and over again) , (NP-ADV (NP month) (PP after (NP month)))))))) .)) (TOP (S (NP-SBJ He) (VP believes (SBAR that (S (NP-SBJ (NP the task) (VP facing (NP Fed Chairman Alan Greenspan))) (VP is (ADJP-PRD so difficult (SBAR that (S (NP-SBJ it) (VP resembles `` (S (NP-SBJ *) (VP juggling (NP (NP a double-bladed ax) and (NP a buzz saw)))))))))))) . '')) (TOP (S And , (PP in (NP a sense)) , (NP-SBJ that) (VP 's (NP-PRD (NP the kind) (PP of (NP task)) (SBAR (WHNP-1 0) (S (NP-SBJ-2 individuals) (VP face (NP *T*-1) (PP-LOC in (S-NOM (NP-SBJ *-2) (VP deciding (SBAR (WHNP-3 what) (S (NP-SBJ *) (VP to (VP do (NP *T*-3) (PP-CLR about (NP (NP stocks) -- (NP (NP the mainstay) (PP of (NP (NP most serious investors ') portfolios))))))))))))))))) .)) (TOP (S (NP-SBJ It) (VP comes (ADVP-CLR down (PP to (NP (NP a question) (PP of (SBAR whether (S (NP-SBJ-1 *) (VP to (VP try (S (NP-SBJ *-1) (VP to (VP `` time '' (NP the market))))))))))))) .)) (TOP (S (PP For (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP can (VP ride (PRT out) (NP market waves) (PP-TMP through (NP (NP good times) and (NP bad))))))))) , (NP-SBJ stocks) (VP have (VP been (NP-PRD rewarding long-term investments))) .)) (TOP (S (NP-SBJ Most studies) (VP show (SBAR that (S (NP-SBJ buy-and-hold investors) (ADVP historically) (VP have (VP earned (NP (NP an annual return) (PP from (NP stocks)) (PP of (NP (QP 9 % to 10 %) *U*))) , (PP including (NP both dividends and price appreciation))))))) .)) (TOP (S (NP-SBJ That) (VP 's (PP-PRD (ADVP well) above (SBAR-NOM (WHNP-1 what) (S (NP-SBJ bonds or bank certificates) (VP have (VP paid (NP *T*-1))))))) .)) (TOP (S (ADVP Moreover) , (SBAR-PRP because (S (NP-SBJ no one) (VP knows (PP-MNR for (ADJP sure)) (SBAR (ADVP just) (WHADVP-1 when) (S (NP-SBJ a recession) (VP is (VP coming (ADVP-TMP *T*-1)))))))) , (NP-SBJ some analysts) (VP think (SBAR 0 (S (NP-SBJ investors) (VP should n't (ADVP even) (VP worry (ADVP too much) (PP-CLR about (NP timing))))))) .)) (TOP (SINV `` (S-TPC-2 (S-NOM-SBJ (NP-SBJ-1 *) (VP Trying (S (NP-SBJ *-1) (VP to (VP time (NP the economy)))))) (VP is (NP-PRD a mistake))) , '' (VP says (S *T*-2)) (NP-SBJ (NP David Katz) , (NP (NP chief investment officer) (PP of (NP (NP Value Matrix Management Inc.) (PP-LOC in (NP New York)))))) .)) (TOP (S (NP-SBJ Mr. Katz) (VP notes (SBAR that (S (NP-SBJ some economists) (VP have (VP been (VP predicting (NP a recession) (PP-TMP for (NP (QP at least two) years)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP listened) , and (VP lightened (PRT up) (PP-CLR on (NP stocks))) ,)))) `` (VP have (ADVP just) (VP hurt (NP themselves)))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Mr. Katz) (VP adds (SBAR that (S (NP-SBJ-3 (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP jump (PP-DIR (PP in (NP *RNR*-2)) and (PP out (PP of (NP *RNR*-2))) (NP-2 the stock market)))))) (VP need (S (NP-SBJ *-3) (VP to (VP be (ADJP-PRD right) (NP-TMP (NP (QP about 70) %) (PP of (NP the time)))))) (S-PRP (NP-SBJ *-3) (VP to (VP beat (NP a buy-and-hold strategy)))))))) .)) (TOP (S (NP-SBJ Frequent trading runs) (VP up (NP high commission costs)) .)) (TOP (S And (NP-SBJ the in-and-outer) (VP might (VP miss (NP (NP the sudden spurts) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP account (PP-CLR for (NP (NP much) (PP of (NP (NP the stock market 's) gains)))) (PP-TMP over (NP time)))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ-2 few investors) (VP are (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP sit (ADVP-CLR tight))))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ they) (VP are (ADJP-PRD convinced (SBAR 0 (S (NP-SBJ a recession) (VP is (VP coming)))) (ADVP-TMP *T*-3)))))) .)) (TOP (S (PP After (NP all)) , (PP-TMP in (NP (NP all five recessions) (PP since (NP 1960)))) , (NP-SBJ stocks) (VP declined) .)) (TOP (S (PP According (PP to (NP (NP Ned Davis) , (NP (NP president) (PP of (NP (NP Ned Davis Research Inc.) (PP-LOC in (NP (NP Nokomis) , (NP Fla.))))))))) , (S (NP-SBJ (NP the average drop) (PP-LOC in (NP the Dow Jones Industrial Average))) (VP was (NP-PRD (QP about 21) %))) , and (S (NP-SBJ the decrease) (VP began (SBAR-TMP (NP-ADV (NP an average) (PP of (NP six months))) before (S (NP-SBJ a recession) (ADVP-MNR officially) (VP started))))) .)) (TOP (S (S (PP-TMP By (NP (NP the time) (SBAR (WHADVP-1 0) (S (NP-SBJ a recession) (VP is `` (ADJP-PRD official) '' (ADVP-TMP *T*-1)))) (PRN -LRB- (NP (NP two consecutive quarters) (PP of (NP declining gross national product))) -RRB-))) , (NP-SBJ (NP much) (PP of (NP (NP the damage) (PP to (NP stocks))))) (VP has (ADVP already) (VP been (VP done)))) - and , (S (PP-LOC in (NP the typical case)) , (NP-SBJ the recession) (VP is (ADVP already) (ADJP-PRD half over))) .)) (TOP (S (SBAR-TMP (NP-ADV (QP About six) months) before (S (NP-SBJ a recession) (VP ends))) , (NP-SBJ-1 stocks) (ADVP typically) (VP begin (S (NP-SBJ *-1) (VP to (VP rise (ADVP again)))) , (SBAR-ADV as (S (NP-SBJ investors) (VP anticipate (NP a recovery))))) .)) (TOP (S (NP-SBJ The average recession) (VP lasts (NP (QP about a) year)) .)) (TOP (S (ADVP Unfortunately) , (ADVP though) , (NP-SBJ recessions) (VP vary (ADVP enough (SBAR *ICH*-1)) (PP in (NP length)) (SBAR-1 so that (S (NP-SBJ-2 the average) (VP ca n't (ADVP reliably) (VP be (VP used (NP *-2) (S-CLR (NP-SBJ *) (VP to (VP guide (NP investors) (PP-LOC in (S-NOM (NP-SBJ *) (VP timing (NP stock sales or purchases))))))))))))) .)) (TOP (S But (NP-ADV (NP whatever their advice) (PP about (NP timing))) , (NP-SBJ (NP none) (PP of (NP these experts))) (VP recommend (S (NP-SBJ *) (VP jettisoning (NP stocks) (ADVP entirely) (PP-TMP during (NP a recession))))) .)) (TOP (S (PP For (NP (NP the portion) (PP of (NP (NP an investor 's) portfolio)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stays (PP-LOC in (NP stocks))))))) , (NP-SBJ professionals) (VP have (NP (NP a number) (PP of (NP suggestions)))) .)) (TOP (S (NP-SBJ Mr. Katz) (VP advocates (NP (NP issues) (PP with (NP (NP low price-earnings ratios) (PRN -- (S (NP-SBJ that) (VP is)) , (NP (NP low prices) (PP in (NP (NP relation) (PP to (NP (NP (NP the company 's) earnings) (PP per (NP share)))))))))))) .)) (TOP (S-1 (NP-SBJ `` Low P-E '' stocks) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (ADVP vastly) (VP outperform (NP others) `` (PP-TMP during (NP a recession or bear market))) . '')) (TOP (S-1 (S (PP-TMP In (NP good times)) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ they) (VP lag (NP a bit))) , but (S (ADVP overall) (NP-SBJ they) (VP provide (NP superior performance))) .)) (TOP (S (NP-SBJ Prof. Arbel) (VP urges (NP-1 investors) (S (NP-SBJ *-1) (VP to (VP discard (NP (NP stocks) (PP-LOC in (NP small companies))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Small-company shares) (ADVP typically) (VP fall (ADVP more (PP than (NP big-company stocks))) (PP-LOC in (NP a recession)))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S-1 And (PP in (NP any case)) , (PRN (S (NP-SBJ he) (VP argues (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP stocks) (PP of (NP small companies))) (VP are `` (ADJP-PRD (ADJP almost as overpriced) (SBAR as (S (NP-SBJ they) (VP were (ADJP-PRD *?*) (NP-TMP Sept. 30 , 1987) , (PP-TMP (ADVP just) before (NP the crash))))))) . '')) (TOP (S-1 (PP For (NP example)) (PRN , (S (NP-SBJ Mr. Arbel) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP stocks) (PP of (NP small companies))) (VP are (VP selling (PP-CLR for (NP (QP about 19 times) cash flow)))) .)) (TOP (S -LRB- (NP-SBJ (NP Cash flow) (PRN , (ADVP basically) (NP earnings plus depreciation) ,)) (VP is (NP-PRD (NP one common gauge) (PP of (NP (NP a company 's) financial health)))) . -RRB-)) (TOP (S (S-TPC-2 (NP-SBJ That ratio) (VP is (ADVP-LOC-PRD dangerously close (PP to (NP (NP the ratio) (PP of (NP 19.7)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP prevailed (PP-TMP before (NP the 1987 stock-market crash)))))))))) , (NP-SBJ Mr. Arbel) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S And (NP-SBJ it) (VP 's (PP-LOC-PRD (NP-ADV way) above (NP (NP the ratio) (PRN -LRB- (NP (QP 7.5 times) cash flow) -RRB-) (SBAR (WHNP-1 that) (S (NP-SBJ bigger companies) (VP are (VP selling (PP-CLR for (NP *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP Another major trick) (PP in (S-NOM (NP-SBJ *) (VP making (S (NP-SBJ a portfolio) (ADJP-PRD recession-resistant)))))) (VP is (VP choosing (NP (NP stocks) (PP-LOC in (NP `` defensive '' industries))))) .)) (TOP (S (NP-SBJ Food , tobacco , drugs and utilities) (VP are (NP-PRD the classic examples)) .)) (TOP (S (NP-ADV Recession or not) , (NP-SBJ people) (ADVP still) (VP (VP eat) , (VP smoke) , and (VP take (NP medicine) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP 're (ADJP-PRD sick) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP George Putnam III) , (NP (NP editor) (PP of (NP (NP Turnaround Letter) (PP-LOC in (NP Boston))))) ,) (VP offers (NP (NP one final tip) (PP for (NP recession-wary investors)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ *) (VP Keep (S (NP-SBJ some money) (ADJP-PRD available (PP for (NP opportunities)))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ the recession) (VP does (VP hit)))) , (NP-SBJ there) (VP will (VP be (NP-PRD some great investment opportunities) (SBAR-TMP (ADVP just) (WHADVP-1 when) (S (NP-SBJ things) (VP seem (NP-PRD the blackest) (ADVP-TMP *T*-1)))))) . '')) (TOP (S (NP-SBJ Mr. Dorfman) (VP covers (NP investing issues) (PP from (NP (NP The Wall Street Journal 's) New York bureau))) .)) (TOP (S (NP-SBJ Some industry groups) (ADVP consistently) (VP weather (NP the storm) (ADVP-MNR better (PP than (NP others)))) .)) (TOP (S (NP-SBJ The following) (VP shows (NP (NP the number) (PP of (NP times)) (SBAR (WHADVP-1 0) (S (NP-SBJ these industries) (VP outperformed (NP the (NP Standard & Poor 's) 500-Stock Index) (PP-TMP during (NP (NP the first six months) (PP of (NP the past seven recessions)))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ Bond prices) (VP posted (NP strong gains) (SBAR-TMP as (S (NP-SBJ investors) (VP went (PP-CLR on (NP a bargain hunt)))))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ the overall market) (VP improved))) , (NP-SBJ-1 the new-issue junk-bond market) (VP continued (S (NP-SBJ *-1) (VP to (VP count (NP casualties)))) , (SBAR-TMP even as (S (NP-SBJ junk-bond prices) (VP rose)))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ Prudential-Bache Securities Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP postponed (NP (NP a (ADJP (QP $ 220 million) *U*) senior subordinated debenture offering) (PP by (NP York International Corp))))))) .)) (TOP (S And (NP-SBJ-3 Donaldson , Lufkin & Jenrette Securities Corp.) (VP scrambled (S (NP-SBJ *-3) (VP to (VP (VP restructure) and (VP improve (NP (NP the potential returns) (PP on (NP (NP a (ADJP (QP $ 475 million) *U*) debenture offering) (PP by (NP Chicago & North Western Acquisition Corp.)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP was (ADVP still) (VP being (VP negotiated (NP *-1) (NP-TMP late last night)))))))))))))) .)) (TOP (S (NP-SBJ (NP The issue) (PP by (NP Chicago & North Western))) (VP is (NP-PRD (NP one) (PP of (NP (NP the so-called good junk-bond offerings) (PP on (NP the new-issue calendar)))))) .)) (TOP (S (NP-SBJ Some analysts) (VP said (SBAR 0 (S (NP-SBJ (NP the restructuring) (PP of (NP (NP the railroad concern 's) issue))) (VP shows (SBAR (WHADJP-1 how tough) (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP is (ADJP-PRD *T*-1) (SBAR-2 for (S (NP-SBJ underwriters) (VP to (VP sell (ADVP even) (NP (NP the junk bonds) (PP of (NP (NP a company) (VP considered (S (NP-SBJ *) (VP to (VP be (NP-PRD a (ADJP relatively good) credit risk))))))))))))))))))) .)) (TOP (S (PP-TMP Since (NP (NP last week 's) junk-bond market debacle)) , (NP-SBJ-1 (NP many new issues) (PP of (NP high-yield , high-risk corporate bonds))) (VP have either (VP been (VP (VP scaled (PRT back) (NP *-1)) , (VP delayed (NP *-1)) or (VP dropped (NP *-1))))) .)) (TOP (S (PP-TMP On (NP Wednesday)) , (NP-SBJ-1 Drexel Burnham Lambert Inc.) (VP had (S (NP-SBJ *-1) (VP to (VP slash (NP (NP the size) (PP of (NP (NP Continental Airlines ') junk-bond offering))) (PP-DIR to (NP (QP $ 71 million) *U*)) (PP-DIR from (NP (QP $ 150 million) *U*)))))) .)) (TOP (S (NP-SBJ Salomon Brothers Inc.) (VP has (VP delayed (NP (NP Grand Union Co. 's) (ADJP (QP $ 1.16 billion) *U*) junk-bond offering) (SBAR-TMP while (S (NP-SBJ it) (VP restructures (NP the transaction)))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ-2 the Grand Union offering) (VP was (VP sweetened (NP-3 *-2) (S-PRP (NP-SBJ *-3) (VP to (VP include (NP (NP warrants) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP allow (S (NP-SBJ bondholders) (VP to (VP acquire (NP common stock))))))))))))) .)) (TOP (S (NP-SBJ Prudential-Bache) (VP said (SBAR 0 (S (NP-SBJ-1 the York issue) (VP was (VP delayed (NP *-1) (PP-PRP because of (NP market conditions))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ Everything) (VP is (VP going (PP-DIR through (NP firehoops)) (ADVP-TMP right now)))) , and (S -LCB- (NP-SBJ Chicago & North Western) -RCB- (VP is (NP-PRD no exception)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Mariel Clemensen) , (NP (NP vice president) , (NP high-yield research) , (PP-LOC at (NP Citicorp)))) .)) (TOP (S (NP-SBJ Portfolio managers) (VP say (SBAR 0 (S (NP-SBJ-1 (NP sweeteners) (PP like (NP (NP equity kickers) and (NP stricter protective covenants)))) (VP may (ADVP increasingly) (VP be (VP required (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP sell (NP junk-bond deals)))))))))) .)) (TOP (S (NP-SBJ (NP Dan Baldwin) , (NP (NP managing director) (PP of (NP high-yield investments)) (PP-LOC at (NP Chancellor Capital Management))) ,) (VP said (S (NP-SBJ-1 the Chicago & North Western offering) (VP was (VP restructured (NP *-1) (PP in (NP part)) (SBAR-PRP because `` (S (NP-SBJ several large insurance buyers) (ADVP-TMP right now) (VP are (VP demanding (NP equity) (PP-CLR as (NP (NP part) (PP of (NP the package)))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 you) (VP 're (VP going (S (NP-SBJ *-1) (VP to (VP take (NP the risk) (PP-LOC in (NP this market))))))))) , (NP-SBJ you) (VP want (NP (NP something) (ADJP extra))) . '')) (TOP (S (NP-SBJ Mr. Baldwin) (VP likes (NP the offering)) .)) (TOP (S But (NP-SBJ-3 several mutual-fund managers) , (S-ADV (NP-SBJ *-3) (ADJP-PRD (ADJP nervous (PP about (NP (NP the deteriorating quality) (PP of (NP their junk-bond portfolios))))) and (ADJP shy (PP about (S-NOM (NP-SBJ *) (VP buying (NP new issues))))))) , (VP said (SBAR 0 (S (NP-SBJ they) (VP 're (VP staying (ADVP-LOC-CLR away (PP from (NP (NP any junk security) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP is n't (VP considered (S (NP-SBJ *-1) (ADJP-PRD first rate (PP for (NP its class)))))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ they) (VP consider (S (NP-SBJ the Chicago & North Western issue) (VP to (VP be (ADJP-PRD good))))))) , (NP-SBJ they) (VP do n't (VP view (NP it) (PP-CLR as (NP the best)))) .)) (TOP (S (S-PRP-TPC-1 (NP-SBJ *-2) (VP To (VP lure (NP buyers) (PP-DIR to (NP the Chicago & North Western bonds))))) , (NP-SBJ portfolio managers) (VP said (SBAR 0 (S (NP-SBJ-2 Donaldson Lufkin) (VP sweetened (NP the transaction) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP offering (NP the bonds) (PP-MNR with (NP (NP a resettable interest rate) and (NP a (ADJP 10 %) equity kicker)))))) (S-PRP *T*-1))))) .)) (TOP (S (NP-SBJ-1 The bonds) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP have (NP a (ADJP (QP 14 1) %) coupon rate)))))) .)) (TOP (S (NP-SBJ The equity arrangement) (ADVP apparently) (VP would (VP allow (S (NP-SBJ bondholders) (VP to (VP buy (NP (NP a total) (PP of (NP (NP 10 %) (PP of (NP (NP the stock) (PP of (NP (NP CNW Corp.) , (NP (NP Chicago & North Western 's) parent company))))))))))))) .)) (TOP (S (NP-SBJ-1 Donaldson Lufkin) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the restructuring)))))) .)) (TOP (S (PP According (PP to (NP (NP some analysts) (ADJP familiar (PP with (NP the negotiations)))))) , (NP-SBJ (NP the 10 %) (PP of (NP equity))) (VP would (VP (VP come (ADVP-MNR directly) (PP-DIR from (NP (NP Donaldson Lufkin) and (NP (NP a fund) (VP affiliated (NP *) (PP-CLR with (NP the investment bank Blackstone Group))))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP reduce (NP their CNW equity holdings) (PP-CLR by (NP (NP 5 %) (NP-ADV each))))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP (VP leave (NP-1 the Blackstone fund) (PP-2 with (NP a (ADJP 60 %) stake))) and (VP (NP=1 Donaldson Lufkin) (PP=2 with (NP 15 %))))) .)) (TOP (S (PP Despite (NP (NP the problems) (PP with (NP new issues)))) , (NP-SBJ high-yield bonds) (VP showed (NP gains) (PP-LOC in (NP the (ADJP secondary , or resell ,) market))) .)) (TOP (S (NP-SBJ Junk bonds) (VP ended (ADVP-CLR (NP (QP about one-half) point) higher) (PP with (S-NOM (NP-SBJ (NP so-called high-quality issues) (PP from (NP (NP RJR Capital Holdings Corp.) and (NP Petrolane Gas Service Limited Partnership)))) (VP rising (NP-EXT one point))))) .)) (TOP (S (PP-LOC In (NP the Treasury market)) , (NP-SBJ the benchmark 30-year bond) (VP rose (NP-EXT (NP seven-eighths point) , or (NP (NP $ 8.75 *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount))))) .)) (TOP (S (NP-SBJ The gain) (VP reflects (NP fresh economic evidence (SBAR that (S (NP-SBJ inflation) (VP is (VP moderating (SBAR-TMP while (S (NP-SBJ the economy) (VP slows))))))))) .)) (TOP (S (NP-SBJ That) (VP raised (NP hopes (SBAR that (S (NP-SBJ-1 interest rates) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP move (ADVP-DIR lower)))))))))) .)) (TOP (S (NP-SBJ The Labor Department) (VP reported (SBAR that (S (NP-SBJ consumer prices) (VP rose (NP-EXT (QP just 0.2) %) (NP-ADV last month) , (ADVP (ADVP slightly lower) (SBAR than (S (NP-SBJ some economists) (VP had (VP expected))))))))) .)) (TOP (S But (NP-SBJ there) (VP were (ADVP also) (NP-PRD rumors (SBAR *ICH*-1)) (NP-TMP yesterday) (SBAR-1 that (S (NP-SBJ-2 several Japanese institutional investors) (VP were (VP (VP shifting (NP their portfolios)) and (VP buying (NP long-term bonds)) (SBAR-TMP while (S (NP-SBJ *-2) (VP selling (NP shorter-term Treasurys))))))))) .)) (TOP (S (NP-SBJ Short-term Treasury securities) (VP ended (ADJP-CLR narrowly mixed) , (PP with (S-NOM (NP-SBJ two-year notes) (VP posting (NP slight declines)))) (SBAR-ADV while (S (NP-SBJ three-year notes) (VP were (ADJP-PRD slightly higher))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ the Fed) (VP executed (NP (NP four-day matched sales) , (NP (NP a technical trading operation) (VP designed (S (NP-SBJ *) (VP to (VP drain (NP reserves) (PP-CLR from (NP the banking system))))))))) .)) (TOP (S (NP-SBJ-1 The move) (VP was (VP interpreted (NP *-1) (PP by (NP-LGS some economists)) (PP-CLR as (NP a sign (SBAR that (S (NP-SBJ the Fed) (VP does n't (VP want (S (NP-SBJ the federal funds rate) (VP to (VP move (ADVP-DIR (ADVP any lower) (PP than (NP (NP the (QP 8 3) %) (SBAR (WHPP-2 at (WHNP which)) (S (NP-SBJ it) (VP has (VP been (VP hovering (PP-CLR around (PP *T*-2)) (PP-TMP during (NP the past week))))))))))))))))))))) .)) (TOP (S (NP-SBJ The (ADJP closely watched) funds rate) (VP is (SBAR-NOM-PRD (WHNP what) (S (NP-SBJ banks) (VP charge (NP each other) (PP on (NP overnight loans)))))) .)) (TOP (S (NP-SBJ-1 It) (VP is (VP considered (S (NP-SBJ *-1) (NP-PRD (NP an early signal) (PP of (NP Fed credit policy changes)))))) .)) (TOP (S `` (NP-SBJ The fact (SBAR that (S (NP-SBJ they) (VP did (NP four-day matched sales))))) (VP means (SBAR 0 (S (NP-SBJ they) (VP are not (PP-PRD in (NP (NP a mood) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP ease (ADVP-MNR aggressively) (ADVP *T*-1))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ They) (VP are (VP telling (NP us) (SBAR that (S -LCB- (NP-SBJ (QP 8 3) %) -RCB- (VP is (ADVP-PRD (ADVP as low) (SBAR as (S (NP-SBJ-1 they) (VP want (S (NP-SBJ *-1) (VP to (VP see (NP the fed funds rate)))))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Robert Chandross) (PP-LOC at (NP Lloyds Bank PLC))) .)) (TOP (NP-HLN Treasury Securities)) (TOP (S (NP-SBJ-1 The benchmark 30-year bond) (VP was (VP quoted (NP-2 *-1) (ADVP-TMP late) (PP-CLR at (NP (NP a price) (PP of (NP (QP 101 25))))) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 7.955 %)))) , (PP compared (PP with (FRAG (NP (QP 100 29)) (S (NP-SBJ *) (VP to (VP yield (NP 8.032 %)))) (NP-TMP Wednesday)))))) .)) (TOP (S (NP-SBJ-1 The latest 10-year notes) (VP were (VP quoted (NP *-1) (ADVP-TMP late) (PP-CLR at (NP (QP 100 9))) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 7.937 %)))) , (PP compared (PP with (FRAG (NP (QP 99 26)) (S (NP-SBJ *) (VP to (VP yield (NP 8.007 %))))))))) .)) (TOP (S (NP-SBJ Short-term rates) (VP rose (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ (NP The discount rate) (PP on (NP three-month Treasury bills))) (VP rose (PP-DIR to (NP 7.56 %)) (PP-DIR from (NP 7.51 %)) (NP-TMP Wednesday) , (SBAR-ADV while (S (NP-SBJ (NP the rate) (PP on (NP six-month bills))) (VP rose (PP-DIR to (NP 7.57 %)) (PP-DIR from (NP 7.53 %)))))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ the Treasury) (VP sold (NP (NP (QP $ 9.75 billion) *U*) (PP of (NP 52-week bills))) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ (NP The average yield) (PP on (NP the bills))) (VP was (NP-PRD 7.35 %) , (ADVP down (PP from (NP 7.61 %) (PP-TMP at (NP (NP the previous 52-week bill auction) (NP-TMP Sept. 21)))))) .)) (TOP (S (NP-SBJ (NP Yesterday 's) yield) (VP was (NP-PRD (NP the lowest) (PP since (NP (NP 7.22 %) (PP-TMP on (NP July 27)))))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP details) (PP of (NP the auction))) :)) (TOP (S (NP-SBJ-1 Rates) (VP are (VP determined (NP *-1) (PP-MNR by (NP (NP the difference) (PP between (NP the purchase price and face value)))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ higher bidding) (VP narrows (NP (NP the investor 's) return) (SBAR-ADV while (S (NP-SBJ lower bidding) (VP widens (NP it))))) .)) (TOP (S (NP-SBJ-1 The percentage rates) (VP are (VP calculated (NP *-1) (PP-MNR on (NP a 360-day year)) , (SBAR-ADV while (S (NP-SBJ-2 the coupon-equivalent yield) (VP is (VP based (NP *-2) (PP-CLR on (NP a 365-day year)))))))) .)) (TOP (NP-HLN Corporate Issues)) (TOP (S (NP-SBJ Junk bond price) (VP climbed (NP-TMP yesterday) (PP despite (NP (NP skittishness) (PP-LOC in (NP (NP the new-issue market) (PP for (NP high-yield securities))))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ junk bond issues) (PP on (NP average)) (VP were (ADVP-PRD up) (PP-EXT by (NP (QP 1 to 1) point)) (PP with (S-NOM (NP-SBJ (NP so-called quality issues) (PP from (NP (NP RJR Capital Holdings Corp.) and (NP Petrolane Gas Service Limited Partnership)))) (VP posting (NP one-point gains)))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Petrolane Gas Service 's) (ADJP (QP 13 1) %) debentures) (VP traded (PP-CLR at (NP 102)) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP trading (PP-CLR around (NP par)) (NP-TMP earlier this week)))))) , and (S (NP-SBJ-2 (NP (NP RJR 's) (ADJP (QP 13 1) %) subordinated debentures) (PP of (NP 2001))) (VP were (PP-PRD at (NP 101 5)) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP trading (PP-CLR at (PP below (NP par))) (NP-TMP earlier this week)))))) .)) (TOP (S (NP-SBJ Investment-grade bonds) (VP were (ADJP-PRD unchanged)) .)) (TOP (NP-HLN Municipals)) (TOP (S (NP-SBJ Activity) (VP was (ADJP-PRD brisk) (PP-LOC in (NP the high-grade general obligation market)) , (SBAR-ADV as (S (NP-SBJ (NP a series) (PP of (NP sell lists))) (VP (VP hit (NP the Street)) and (VP capped (NP upward price movement) (PP-LOC in (NP the sector))))))) .)) (TOP (S (NP-SBJ Traders) (VP estimated (SBAR that (S (NP-SBJ-1 (NP (QP more than $ 140 million) *U*) (PP of (NP high-grade bonds))) (VP was (VP put (NP *-1) (PRT up) (PP-CLR for (NP sale)) (PP-MNR via (NP (NP bid-wanted lists) (VP circulated (NP *) (PP by (NP-LGS (NP a handful) (PP of (NP major brokers)))))))))))) .)) (TOP (S (NP-SBJ There) (VP was (NP-PRD speculation (SBAR that (S (NP-SBJ the supply) (VP was (VP coming (PP-DIR from (NP (NP a commercial bank 's) portfolios)))))))) .)) (TOP (S (S (PP According (PP to (NP market participants))) , (NP-SBJ-1 the bonds) (VP were (VP met (NP *-1) (PP-CLR with (NP decent bids))))) , but (S (NP-SBJ (NP the volume) (PP of (NP paper))) (VP left (NP high grades) (PP-LOC-CLR in (NP the (ADJP 10-year and under) maturity range )) (ADVP-CLR (ADJP-ADV unchanged) to (ADVP 0.05 percentage point higher) (PP in (NP yield))))) .)) (TOP (S (ADVP-LOC Away (PP from (NP the general obligation sector))) , (NP-SBJ activity) (VP was (ADJP-PRD modest)) .)) (TOP (S (NP-SBJ Long dollar bonds) (VP were (UCP-PRD (ADJP-PRD flat) to (ADVP-PRD up (NP 3 point)))) .)) (TOP (S (NP-SBJ-1 (NP (NP New Jersey Turnpike Authority 's) (ADJP 7.20 %) issue) (PP of (NP 2018))) (VP was (ADVP-PRD up (NP 3)) (PP at (NP (NP (QP 98 3)) (VP bid))) (S-ADV (NP-SBJ *-1) (VP to (VP yield (NP (NP (QP about 7.32) %) , (ADVP down (NP 0.03 percentage point))))))) .)) (TOP (S (NP-SBJ (NP The debt) (PP of (NP some California issuers))) (VP pulled (PP-DIR off (NP (NP lows) (VP reached (NP *) (PP-TMP after (NP (NP Tuesday 's) massive earthquake))))) , (SBAR-ADV although (S (NP-SBJ traders) (VP said (SBAR 0 (S (NP-SBJ market participants) (VP remained (ADJP-PRD cautious)))))))) .)) (TOP (S (NP-SBJ-1 California) (VP expects (S (NP-SBJ-2 *-1) (VP to (VP rely (PP-CLR on (NP (NP federal emergency funds) and (NP (NP its (QP $ 1.06 billion) *U*) (PP in (NP general fund reserves))))) (S-PRP (NP-SBJ *-2) (VP to (VP meet (NP (NP the estimated (QP $ 500 million to $ 1 billion) *U*) (PP in (NP (NP damages) (VP resulting (PP-CLR from (NP the quake)))))))))))) , (PP according (PP to (NP a state official)))) .)) (TOP (SINV (S-TPC-4 (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP 's (ADVP also) (ADJP-PRD unclear) (SBAR-2 (WHADVP-3 precisely how) (S (NP-SBJ the state) (VP will (VP rebuild (NP its reserve) (ADVP-MNR *T*-3))))))) , (VP said (SBAR 0 (S *T*-4))) (NP-SBJ (NP Cindy Katz) , (NP (NP assistant director) (PP of (NP (NP (NP California 's) department) (PP of (NP finance)))))) , (SBAR-ADV although (S (NP-SBJ she) (VP noted (SBAR that (S (NP-SBJ-1 (NP a bond offering) (PP for (NP that purpose))) (VP is n't (VP anticipated (NP *-1)))))))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ new issuance) (VP was (ADJP-PRD slow)) .)) (TOP (S (NP-SBJ (NP The largest sale) (PP-LOC in (NP the competitive arena))) (VP was (NP-PRD (NP a (ADJP (QP $ 55.7 million) *U*) issue) (PP of (NP school financing bonds)) (PP from (NP the Virginia Public School Authority)))) .)) (TOP (S (NP-SBJ (NP A balance) (PP of (NP (QP $ 25.8 million) *U*))) (VP remained (PP-LOC in (NP late order-taking)) , (PP according (PP to (NP the lead manager)))) .)) (TOP (NP-HLN Mortgage-Backed Securities)) (TOP (S (NP-SBJ Mortgage securities) (ADVP generally) (VP (VP ended (ADVP-CLR (NP (QP 6 to 9) point) higher)) , but (VP lagged (NP (NP gains) (PP-LOC in (NP the Treasury market))) (PP-PRP because of (NP (NP (NP a shift) (PP-LOC in (NP (NP the shape) (PP of (NP the Treasury yield curve))))) and (NP (NP rumored mortgage sales) (PP by (NP thrifts))))))) .)) (TOP (S (NP-SBJ (NP Premium Government National Mortgage Association securities) (PP with (NP (NP coupon rates) (PP of (NP (NP 13 %) and (NP higher)))))) (ADVP actually) (VP declined (PP-LOC amid (NP (NP concerns) (PP about (NP increased prepayments)))) (PP-PRP because of (NP (NP a plan (S *ICH*-1)) (VP being (VP considered (NP *) (PP by (NP-LGS Congress)))) (S-1 (NP-SBJ *) (VP to (VP speed (NP (NP the refinancing) (PP of (NP government-subsidized mortgages))))))))) .)) (TOP (S (NP-SBJ Ginnie Mae (ADJP 13 %) securities) (VP were (ADVP-PRD down (NP (QP about 1))) (PP at (NP (QP 109 30)))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the refinancing plan) (VP clears (NP Congress)))) , (NP-SBJ there) (VP could (VP be (NP-PRD (NP fairly heavy prepayments) (PP on (NP the premium securities))) , (S-ADV (NP-SBJ *) (VP hurting (NP (NP any investor) (VP paying (NP (ADVP much above) par) (PP-CLR for (NP them)))))))) .)) (TOP (S (PP-LOC In (NP the current-coupon sector)) , (NP-SBJ (NP (NP a shift) (PP-LOC in (NP the Treasury yield curve))) (VP resulting (PP-CLR from (NP (NP the better performance) (PP of (NP long-dated issues)) (PP over (NP short-dated securities)))))) (VP hurt (NP major coupons) (SBAR-PRP because (S (NP-SBJ (NP it) (S *EXP*-1)) (VP will (VP become (ADJP-PRD more difficult) (S-1 (NP-SBJ *) (VP to (VP structure (NP new derivative securities offerings))))))))) .)) (TOP (S (S (NP-SBJ Ginnie Mae (ADJP 9 %) securities) (VP ended (PP-CLR at (NP (QP 98 6/32))) , (ADVP up (NP 9/32)))) , and (S (NP-SBJ Federal Home Loan Mortgage Corp. (ADJP 9 %) securities) (VP were (PP-PRD at (NP (QP 97 10/32))) , (ADVP up (NP 6/32)))) .)) (TOP (S (NP-SBJ The Ginnie Mae (ADJP 9 %) issue) (VP was (VP yielding (NP 9.42 %) (PP to (NP a 12-year average life assumption)) , (SBAR-ADV as (S (NP-SBJ (NP the spread) (PP above (NP the Treasury 10-year note))) (VP widened (NP-EXT 0.03 percentage point) (PP-DIR to (NP 1.48))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Remic issuance) (VP may (VP slow (PP-TMP in (NP the coming days)) (PP-PRP because of (NP (NP the shift) (PP-LOC in (NP the Treasury yield curve)))))))) , (NP-SBJ-1 underwriters) (VP continued (S (NP-SBJ *-1) (VP to (VP crank (PRT out) (NP (NP new real estate mortgage investment conduits) (VP structured (NP *) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the yield curve) (VP was (ADJP-PRD more favorable) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Two new Remics) (VP totaling (NP (QP $ 900 million) *U*))) (VP were (VP announced (NP *-1) (PP by (NP-LGS Freddie Mac)) (NP-TMP yesterday))) .)) (TOP (NP-HLN Foreign Bonds)) (TOP (S (NP-SBJ British government bonds) (VP ended (ADJP-CLR little changed) (SBAR-ADV as (S (NP-SBJ investors) (VP awaited (NP (NP an economic policy address) (NP-TMP last night) (PP by (NP (NX Chancellor (PP of (NP the Exchequer))) Nigel Lawson))))))) .)) (TOP (S (NP-SBJ-1 (NP The Treasury (ADJP (QP 11 3) %) bond) (ADJP due (NP-TMP 2003))) (VP was (ADVP-PRD down (NP 2)) (PP at (NP (QP 111 29))) (S-ADV (NP-SBJ *-1) (VP to (VP yield (NP 10.09 %)))) , (SBAR-ADV while (S (NP-SBJ-2 (NP the (ADJP (QP 11 3) %) notes) (ADJP due (NP-TMP 1991))) (VP were (ADJP-PRD unchanged) (PP at (NP (QP 98 19))) (S-ADV (NP-SBJ *-2) (VP to (VP yield (NP 12.94 %)))))))) .)) (TOP (S (S (PP-LOC In (NP Japan)) , (NP-SBJ-1 (NP the bellwether No. 111 (ADJP 4.6 %) bond) (PP of (NP 1998))) (VP ended (ADVP-CLR off (NP 0.03)) (PP at (NP 95.72)) , (S-ADV (NP-SBJ *-1) (VP to (VP yield (NP 5.32 %)))))) , and (S (PP-LOC in (NP West Germany)) , (NP-SBJ-2 (NP the (ADJP 7 %) benchmark issue) (ADJP due (NP-TMP October 1999))) (VP ended (ADVP-CLR (NP 0.05 point) lower) (PP at (NP 99.85)) (S-ADV (NP-SBJ *-2) (VP to (VP yield (NP 7.02 %)))))) .)) (TOP (S (NP-SBJ THE PANHANDLER) (VP (VP approaches) , (VP makes (NP his pitch))) .)) (TOP (S (NP-SBJ It) (VP may (VP be (ADJP-PRD (ADJP straightforward) (PRN -- (S (NP-SBJ he) (VP wants (NP (NP money) (PP for (NP food))))) --) or (ADJP incredibly convoluted) (PRN ; (S (S (NP-SBJ his sister) (VP is (PP-TMP at (NP this very moment)) (PP-PRD near (NP death)) (PP-LOC in (NP Hoboken)))) , (S (NP-SBJ he) (VP has (VP (VP lost (NP his wallet)) and (VP has (NP (NP (QP only $ 1.22) *U*) (PP in (NP change)) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP put (NP *T*-1) (PP-PUT toward (NP (NP a bus ticket) (VP costing (NP $ 3.83 *U*))))))))))))) , and (SQ wo n't (NP-SBJ you) (VP give (NP him) (NP the difference)) ?)))))))) (TOP (INTJ No ?)) (TOP (FRAG (ADVP Well) , (FRAG (WHADVP how) (PP about (NP a loan))) , (S (NP-SBJ he) (VP 'll (VP take (NP your name and address)))) ...)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Figuring (SBAR that (S (NP-SBJ their money) (VP would (ADVP more likely) (VP go (PP-DIR toward (NP (NP a bottle) (PP of (NP Night Train Express)))))))))) , (NP-SBJ-1 most people) (VP have (NP (NP little trouble) (S-NOM (NP-SBJ *) (VP saying (INTJ-CLR no) (PP-CLR to (NP (NP propositions) (PP like (NP this)))))))) .)) (TOP (S But (NP-SBJ healthy skepticism) (VP vanishes (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 they) (VP are (VP solicited (NP-4 *-1) (PP by (NP-LGS an organized charity)) (S-CLR (NP-SBJ *-4) (VP to (VP help (VP fight (NP (NP cancer) , (NP famine) , (NP child abuse) , or (SBAR-NOM (WHNP-2 what) (S (VP have (NP *T*-2)) (NP-SBJ you)))))))) (ADVP-TMP *T*-3)))))) .)) (TOP (S (NP-SBJ Most) (VP see (NP (NP little reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP doubt (SBAR that (S (NP-SBJ their cash) (VP will (VP go (PP-DIR toward (NP these noble goals)))))) (ADVP-PRP *T*-1))))))) .)) (TOP (SQ But will (NP-SBJ it) (VP *?*) ?)) (TOP (FRAG (PP-LOC In (NP (NP a distressing number) (PP of (NP cases)))) , (INTJ no) .)) (TOP (S (S (PP In (NP fact)) , (NP-SBJ-1 the donors) (ADVP-TMP sometimes) (VP might (VP be (ADVP-PRD better off (S (NP-SBJ *-1) (VP giving (NP the money) (PP-DTV to (NP the panhandler)))))))) : (S (S (ADVP at least) (NP-SBJ he) (VP has (NP no overhead))) , and (S (NP-SBJ he) (VP might (ADVP even) (VP be (VP telling (NP the truth)))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ-1 (QP more than $ 100 billion) *U*) (VP was (VP donated (NP *-1) (PP-CLR to (NP (NP the nation 's) 400,000 charities)))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-3 (NP the vast bulk) (PP of (NP it))) (VP was (ADVP indeed) (VP spent (NP *-3) (PP by (NP-LGS reputable organizations)) (PP-CLR on (NP (NP the good works) (SBAR (WHNP-4 0) (S (NP-SBJ-1 it) (VP was (VP raised (NP *-1) (PP-CLR for (NP *T*-4)))))))))))) , (NP-SBJ (NP it) (SBAR *EXP*-5)) (VP 's (ADJP-PRD equally true) (SBAR-5 that (S (NP-SBJ-2 a sizable hunk) (VP was (VP consumed (NP *-2) (PP-LOC in (NP `` (NP expenses) '' (VP claimed (NP *) (PP by (NP-LGS other operators))) , (PP including (NP fraudulent expenses))))))))) .)) (TOP (S (PP-LOC In (NP many cases)) (NP-SBJ (NP the costs) (VP claimed (NP *))) (VP were (ADJP-PRD so high (SBAR that (S (NP-SBJ-1 (NP only a dribble) (PP of (NP cash))) (VP was (VP left (NP *-1) (PP-CLR for (NP the purported beneficiaries)))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-2)) (VP 's (ADJP-PRD impossible) (S-2 (NP-SBJ *) (VP to (VP say (ADVP-MNR exactly) (SBAR (WHNP-3 (WHNP how much) (PP of (NP the total charity intake))) (S (NP-SBJ-1 *T*-3) (VP is (VP devoured (NP *-1) (PP by (NP-LGS (NP stratospheric fund-raising costs) , (NP high-living operators) , and (NP downright fraud))))))))))) .)) (TOP (S But (NP-SBJ the problem) (ADVP clearly) (VP is (ADJP-PRD widespread and persistent)) .)) (TOP (S (S (NP-SBJ State law enforcers) (VP can (ADVP barely) (VP keep (PRT up) (PP-CLR with (NP charity scams))))) , and (S (NP-SBJ (NP reports) (PP from (NP (NP watchdog groups) (PP such as (NP (NP the Council) (PP of (NP Better Business Bureaus))))))) (VP are not (ADJP-PRD encouraging))) .)) (TOP (S (NP-SBJ-2 (NP The Philanthropic Advisory Service) (PP of (NP the BBB))) (VP reviews (NP (NP hundreds) (PP of (NP new charities))) (NP-TMP every year) , (S-ADV (NP-SBJ *-2) (VP measuring (NP them) (PP-CLR against (NP minimum standards)) (PP-CLR (PP for (NP accountability)) ; (PP for (NP (NP accuracy and honesty) (PP-LOC in (NP solicitation)))) ; and (PP for (NP (NP percentage) (PP of (NP funds)) (VP (ADVP actually) going (PP-DIR to (NP (NP work) (SBAR (WHPP-3 for (WHNP which)) (S (NP-SBJ-1 the charity) (VP was (ADVP supposedly) (VP established (NP *-1) (PP-CLR *T*-3)))))))))))))) .)) (TOP (S (NP-SBJ The Service) (VP figures (SBAR 0 (S (NP-SBJ-1 (NP (QP at least half)) (PP of (NP (NP the money) (VP taken (PRT in) (NP *))))) (VP should (VP be (VP spent (NP *-1) (PP-CLR on (NP program)))))))) .)) (TOP (S (NP-SBJ (NP (QP Roughly a third)) (PP of (NP (NP the charities) (VP reviewed (NP *))))) (VP flunk (NP the test)) .)) (TOP (SBAR (WHNP-2 Which) (PRN , (S (NP-SBJ-1 it) (VP should (VP be (VP added (NP *-1))))) ,) (S (NP-SBJ *T*-2) (VP does n't (VP prevent (NP-3 the charities) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP raking (PRT in) (NP (NP a lot) (PP of (NP money))) (ADVP anyway))))))) .)) (TOP (S (PP Without (NP (NP a microscope) and (NP a subpoena))) , (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADVP-TMP often) (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP sort (PRT out) (NP worthwhile causes) (PP-CLR from (NP ripoffs))))) (SBAR-ADV if (S (NP-SBJ (NP all) (SBAR (WHNP-2 (WHNP 0) (SBAR *ICH*-4)) (S (NP-SBJ you) (VP 've (VP got (NP *T*-2) (SBAR-4 (WHNP-3 0) (S (NP-SBJ *) (VP to (VP go (PP-CLR on (NP *T*-3))))))))))) (VP is (NP-PRD (NP the solicitation) (NP itself)))))) .)) (TOP (SINV (S-TPC-2 (PP On (NP this basis)) , `` (NP-SBJ there) (VP 's (NP-PRD (NP no way) (SBAR (WHADVP-1 0) (S (NP-SBJ the average person) (VP can (VP know (NP a good charity) (PP-CLR from (NP a bad one)) (ADVP-MNR *T*-1)))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP David Ormstedt) , (NP (NP an assistant attorney general) (PP-LOC in (NP Connecticut)))) .)) (TOP (S `` (NP-SBJ-1 (NP A lot) (PP of (NP donors))) (ADVP just) (VP get (VP taken (NP *-1))) . '')) (TOP (PP Including (NP (NP those) (PRN , (S (NP-SBJ he) (VP contends)) ,) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP put (NP (QP about $ 1 million) *U*) (PP-PUT into (NP the kitty)) (PP for (NP (NP (NP the Connecticut Association) (PP of (NP Concerned Veterans))) and (NP the Vietnam Veterans Service Center))))))) .)) (TOP (S (NP-SBJ-3 The state) (VP has (VP sued (NP these charities) (PP-LOC in (NP state court)) , (S-ADV (NP-SBJ *-3) (VP complaining (SBAR that (S (S (NP-SBJ-1 (NP much) (PP of (NP the money))) (VP was (ADVP grossly) (VP misspent (NP *-1)))) ; (S (S (NP-SBJ-4 82 %) (PRN , (SINV (VP says) (NP-SBJ Mr. Ormstedt)) ,) (VP went (PP-DIR-5 to (NP fund raisers)))) and (S (NP-SBJ=4 (NP most) (PP of (NP the rest))) (PP-DIR=5 (PP to (NP (NP the people) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP ran (NP the charities)))))) and (PP to (NP their relatives))) (PRN -- (PP for (NP (NP fur coats) , (NP (NP trips) (PP to (NP Florida))) , (NP Lucullan restaurant tabs)))))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP The telephone number) (PP for (NP (NP the charity) (PP-LOC in (NP (NP Shelton) , (NP Conn.) ,))))) (VP has (VP been (VP disconnected (NP *-1))))) , and (S (NP-SBJ-2 the former officials) (VP could n't (VP be (VP located (NP *-2))))) .)) (TOP (S (S (S-NOM-SBJ (NP-SBJ *) (VP Running (NP a charity))) (VP does (VP cost (NP money)))) , but (S (NP-SBJ-2 reputable organizations) (VP manage (S (NP-SBJ *-2) (VP to (VP get (NP (NP (NP the lion 's) share) (PP of (NP donations))) (PP-DIR out (PP to (SBAR-LOC (WHADVP-3 where) (S (NP-SBJ-1 they) (VP are (ADVP really) (VP needed (NP *-1) (ADVP-LOC *T*-3)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP The Arthritis Foundation) , (NP the American Cancer Society) and (NP (NP the United Way) (PP of (NP America)))) (NP all)) (VP say (SBAR that (S (NP-SBJ they) (VP spend (NP (NP (QP roughly 90) %) (PP of (NP their income))) (PP-CLR on (NP (NP programs) , not (NP overhead))))))) .)) (TOP (S (PP With (NP some other charities)) , (ADVP however) , (NP-SBJ it) (VP s (NP the other way (PRT around))) .)) (TOP (S (NP-SBJ-1 The fledgling National (NP Children 's) Cancer Society) , (PP for (NP example)) , (VP took (PRT in) (NP (QP $ 2.5 million) *U*) (NP-TMP last year) (S-PRP (NP-SBJ *-1) (VP to (VP finance (NP (NP bone-marrow transplants) (PP for (NP children))))))) .)) (TOP (S (PP By (NP (NP the time) (SBAR (WHADVP-1 0) (S (NP-SBJ it) (VP paid (NP its expenses) (ADVP-TMP *T*-1)))))) (NP-SBJ it) (ADVP only) (VP had (NP (NP $ 120,000 *U*) (VP left (NP *)) -- (ADJP not enough (S (NP-SBJ *) (VP to (VP treat (NP even one child))))))) .)) (TOP (S (NP-SBJ (NP The state) (PP of (NP Illinois))) (VP is (VP suing (NP (NP the charity) (ADVP *ICH*-2)) (PP-CLR for (NP fraud)) (PP-LOC in (NP Chicago)) , (ADVP-2 along (PP with (NP (NP Telesystems Marketing Inc.) , (NP its Houston-based fund raiser)))))) .)) (TOP (S (NP-SBJ Both) (VP deny (NP wrongdoing)) .)) (TOP (S (NP-SBJ-1 The charity) (VP (VP admits (S (NP-SBJ *-1) (VP spending (NP a lot) (PP-CLR on (NP fund raising))))) , but (VP says (SBAR 0 (S (NP-SBJ that) (VP was (ADJP-PRD necessary) (S-PRP (NP-SBJ *) (VP to (VP establish (NP (NP a donor base) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP can (VP tap (NP *T*-2) (PP-CLR at (NP (ADJP much lower) cost)) (PP-TMP in (NP (NP years) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP come))))))))))))))))))) .)) (TOP (S (NP-SBJ-2 (NP Michael Burns) , (NP (NP president) (PP of (NP Telesystems))) ,) (VP says (SBAR 0 (S (NP-SBJ his concern) (VP has (ADVP only) (VP benefited (PP-CLR from (NP (NP the publicity) (VP surrounding (NP the case)))))))) , (S-ADV (NP-SBJ *-2) (VP noting (SBAR that (S (NP-SBJ three other charities) (VP have (VP signed (PRT on) (PP-CLR as (NP clients)) (SBAR-PRP because (S (NP-SBJ-1 they) (VP were (VP impressed (NP *-1) (PP-CLR with (NP (NP the amount) (SBAR (WHNP-3 0) (S (NP-SBJ he) (VP raised (NP *T*-3) (PP-CLR for (NP National Children 's)))))))))))))))))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ a state court judge) (VP has (VP allowed (S (NP-SBJ-1 the charity) (VP to (VP go (PRT on) (S (NP-SBJ *-1) (VP soliciting (NP funds)))))))) .)) (TOP (S (NP-SBJ Enforcers) (VP ca n't (VP put (NP charities) (PP-PUT out (PP of (NP business))) (SBAR-PRP (ADVP simply) because (S (NP-SBJ they) (VP spend (NP (NP (NP the lion 's) share) (PP of (NP their income))) (PP-CLR on (NP fund raising))))))) .)) (TOP (S (S (NP-SBJ State laws) (ADVP-TMP previously) (VP used (PP-CLR as (NP a yardstick)) (NP (NP minimum percentages) (PP of (NP income)) (PRN -- (ADVP-TMP usually) (NP half) --) (SBAR (WHNP-3 that) (S (NP-SBJ-4 *T*-3) (VP had (S (NP-SBJ-1 *-4) (VP to (VP be (VP spent (NP *-1) (PP-CLR on (NP (NP the program) (PP rather than (NP overhead)))))))))))))) , but (S (NP-SBJ-2 these) (VP have (VP been (VP overturned (NP *-2) (PP by (NP-LGS the U.S. Supreme Court)))))) .)) (TOP (S (NP-SBJ It) (VP has (VP ruled (SBAR that (S (NP-SBJ-2 such laws) (VP might (VP work (S (NP-SBJ *-2) (VP to (VP (VP stifle (NP fund raising)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP amount (PP-CLR to (S-NOM (NP-SBJ *) (VP limiting (NP (NP (NP the charities ') first-amendment right) (PP to (NP (NP freedom) (PP of (NP expression))))))))))))))))))))) .)) (TOP (S (S (NP-SBJ This) (VP puts (PP-PUT upon (NP enforcers)) (NP (NP the burden) (PP of (S-NOM (NP-SBJ *) (VP proving (NP-PRD outright fraud or misrepresentation))))))) , and (S (NP-SBJ-1 such actions) (VP have (VP been (VP brought (NP *-1) (PP-CLR against (NP (NP hundreds) (PP of (NP charities)))) (ADVP-TMP recently))))) .)) (TOP (S (S (NP-SBJ (NP (NP The attorney general 's) office) (PP-LOC in (NP Connecticut)) (ADVP alone)) (VP has (VP put (NP (NP seven) (PP of (NP them))) (PP-PUT out (PP of (NP business))) (PP-TMP over (NP (NP the past couple) (PP of (NP years))))))) , and (S (NP-SBJ the enforcement drive) (VP is (VP continuing (ADVP-LOC there and elsewhere)))) .)) (TOP (S (PP-LOC In (S-NOM (NP-SBJ *-1) (VP making (NP cases)))) , (NP-SBJ-1 the authorities) (ADVP-TMP frequently) (VP zero (PRT in) (PP-CLR on (NP (NP alleged misrepresentations) (VP made (NP *) (PP by (NP-LGS (NP the charities ') fund raisers)))))) .)) (TOP (S (NP-SBJ Illinois) , (PP for (NP instance)) , (ADVP-TMP currently) (VP has (PP-LOC-CLR under (NP investigation)) (NP (NP 10) (PP of (NP (NP the 30 companies) (VP drumming (PRT up) (NP (NP funds) (PP for (NP (NP charities) (VP soliciting (ADVP-LOC there)))))))))) .)) (TOP (S (NP-SBJ Enforcers) (VP pay (NP special attention) (PP-CLR to (NP (NP operators) (VP using (NP sweepstakes prizes) (PP-CLR as (NP an additional inducement (S (NP-SBJ *) (VP to (VP give))))))))) .)) (TOP (S (NP-SBJ (NP Attorneys general) (PP-LOC in (NP (NP several states) , (PP including (NP Illinois)) ,))) (VP are (ADVP already) (VP suing (NP (NP Watson & Hughey Co.) , (NP (NP an (ADJP Alexandria , Va.-based) outfit) (SBAR (WHNP-1 that) (S (NP-SBJ they) (VP say (SBAR 0 (S (NP-SBJ-2 *T*-1) (VP has (VP used (NP deceptive sweepstakes ads) (S-CLR (NP-SBJ *-2) (VP to (VP solicit (NP (NP donations) (PP for (NP (NP the American Heart Disease Foundation) and (NP (NP the Cancer Fund) (PP of (NP America)))))))))))))))))))) .)) (TOP (S (PP According (PP to (NP (NP the Illinois attorney general 's) suit))) , (NP-SBJ Watson & Hughey) (VP sent (NP (NP mailings) (VP indicating (SBAR that (S (NP-SBJ recipients) (VP (VP were (VP guaranteed (NP cash prizes))) , and (VP could (VP win (PP-NOM up (PP to (NP an additional $ 1,000 *U*))) (PP on (NP (NP top) (PP of (NP them)))))) , (SBAR-ADV if (S (NP-SBJ they) (VP contributed (NP (QP as little as $ 7) *U*)))))))))) .)) (TOP (S But (S (NP-SBJ (NP the total value) (PP of (NP the prizes))) (VP was (NP-PRD (QP only $ 5,000) *U*))) and (S (NP-SBJ most `` winners) '' (VP will (VP receive (NP (QP just 10) cents)))) , (PP according (PP to (NP (NP the attorney general 's) office))) .)) (TOP (S (NP-SBJ The suit) (VP is (ADVP still) (ADJP-PRD pending) (PP-LOC in (NP Illinois state court))) .)) (TOP (S (S (NP-SBJ Watson & Hughey) (VP has (VP denied (NP the allegations) (PP-LOC in (NP court))))) ; (S (NP-SBJ-1 officials) (VP decline (S (NP-SBJ *-1) (VP to (VP comment (ADVP further)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ they) (VP can (VP target (NP (NP some) (PP of (NP the (ADJP most obvious) miscreants))))))) , (NP-SBJ enforcers) (VP concede (SBAR that (S (NP-SBJ they) (VP are (ADVP only) (VP scratching (NP the surface)))))) .)) (TOP (S-1 (NP-SBJ There) (VP are (NP-PRD (NP (ADJP so many) cunning ploys) (VP used (NP *) (PP by (NP-LGS (ADJP so many) dubious operators))) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-1)))) ,) (SBAR that (S (NP-SBJ (NP it) (S *EXP*-2)) (VP is (ADVP probably) (ADJP-PRD impossible) (S-2 (NP-SBJ *) (VP to (VP stop (NP (NP them) (NP all)))))))))) .)) (TOP (NP (NP One maneuver) : (NP the `` public education '' gambit) .)) (TOP (S (NP-SBJ The solicitation material) (VP indicates (SBAR that (S (NP-SBJ donations) (VP will (VP go (PP-DIR toward (S-NOM (NP-SBJ a campaign) (VP alerting and informing (NP the public) (PP-CLR about (NP some (ADJP health or other) issue)))))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ it) (VP does n't (VP say (NP *T*-1))))) (VP is (SBAR-PRD that (S (NP-SBJ the entire `` campaign '') (VP may (VP be (NP-PRD (NP the fund-raising letter) (NP itself))))))) .)) (TOP (SINV `` (S-TPC-1 (ADVP-TMP All too often) (NP-SBJ this) (VP will (ADVP merely) (VP be (NP-PRD (NP a statement) (PP on (NP the solicitation)) (PP such as , (S ` (S (NP-SBJ *) (VP Do n't (VP smoke))) ! ' or ` (S (NP-SBJ *) (VP Wear (NP suntan lotion))) , ')))))) `` (VP says (S *T*-1)) (NP-SBJ (NP William Webster) , (NP (NP attorney general) (PP of (NP Missouri)))) .)) (TOP (S `` (PP-MNR By (S-NOM (NP-SBJ *) (VP putting (NP these pithy statements) (PP-PUT on (NP the solicitations))))) , (NP-SBJ-2 (NP hundreds) (PP of (NP (NP thousands) (PP of (NP dollars))))) (VP are (VP claimed (S (NP-SBJ-1 *-2) (VP to (VP have (VP been (VP spent (NP *-1) (PP-CLR on (NP (NP education) (PP to (NP consumers))))))))) (SBAR-TMP (WHADVP-3 when) (S (PP in (NP fact)) (NP-SBJ this) (VP represents (NP (NP the costs) (PP of (S-NOM (NP-SBJ *) (VP sending (NP the newsletters))))) (ADVP-TMP *T*-3)))))) . '')) (TOP (S (NP-SBJ Mr. Webster) (VP cites (NP (NP a four-page mailing) (PP from (NP the United Cancer Council)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP offers (NP a chance (S (NP-SBJ *) (VP to (VP win (NP (NP $ 5,000 *U*) (PP in (NP gold bullion))))))) (PP-DTV to (NP (NP those) (VP giving (NP (QP as little as $ 5) *U*) (PP-DTV to (NP cancer education)))))))))) .)) (TOP (S `` (S (NP-SBJ (NP A few boilerplate warnings) (PP about (NP cancer))) (VP appear)) but (S (NP-SBJ that) (VP 's (NP-PRD (NP (QP only two) inches) (PP-LOC in (NP all four pages))))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ some people) (VP may (VP believe (SBAR 0 (S (NP-SBJ-1 they) (VP 're (VP helping (S (NP-SBJ *-1) (VP fund (NP a massive TV and print campaign))))))))))))) , but (S (NP-SBJ we) (VP could n't (VP find (SBAR that (S (NP-SBJ the charity) (VP does (NP (NP anything) (PP except (FRAG (VP write (NP these letters)))))))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ (NP Officials) (PP-LOC at (NP the (ADJP Washington D.C.-based) charity))) (VP did n't (VP return (NP repeated phone calls))) .)) (TOP (S (NP-SBJ-1 Many fly-by-night charities) (VP ride (NP (NP the coattails) (PP of (NP the (ADJP (ADJP biggest) , (ADJP best-known) and (ADJP most reputable)) ones))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP adopting (NP (NP names) (ADJP similar (PP to (NP theirs)))))))) .)) (TOP (S (NP-SBJ-1 The established charities) (VP are (VP (VP bothered (NP *-1) (PP by (NP-LGS this))) but (VP say (SBAR 0 (S (NP-SBJ they) (VP can (VP do (NP little) (PP-CLR about (NP it))))))))) .)) (TOP (S `` (NP-SBJ We) (VP ca n't (VP police (NP (NP the many organizations) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP sprung (PRT up) (PP-TMP in (NP the last few years)))))) (VP using (NP (NP part) (PP of (NP our name))))))) .)) (TOP (SINV (S-TPC-3 (S (NP-SBJ (NP Most) (PP of (NP them))) (VP do n't (VP last (PP-TMP for (ADJP long))))) , but (S (PP-TMP in (NP the meantime)) (NP-SBJ (NP all) (SBAR (WHNP-2 0) (S (NP-SBJ we) (VP can (VP do (NP *T*-2)))))) (VP is (VP tell (NP people) (SBAR 0 (S (NP-SBJ-1 they) (VP are n't (VP connected (NP *-1) (PP-CLR with (NP us)))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP a spokeswoman) (PP for (NP the American Heart Association))) .)) (TOP (S And (ADVP-TMP sometimes) (NP-SBJ-1 (NP a reputable charity) (PP with (NP a household name))) (VP (VP gets (VP used (NP *-1))) and (VP does n't (ADVP even) (VP know (NP it)))) .)) (TOP (S (NP-SBJ-1 (NP A couple) (PP-LOC in (NP (NP Rockford) , (NP Ill.) ,))) (VP raised (NP $ 12,591 *U*) (NP-TMP earlier this year) (S-ADV (NP-SBJ *-1) (VP using (NP (NP the name and logo) (PP of (NP (NP Mothers) (PP Against (NP Drunk Driving))))) , (PP without (NP (NP permission) (PP from (NP the group))))))) .)) (TOP (S (NP-SBJ MADD) (VP did n't (VP learn (PP-CLR of (NP the fund raising)) (SBAR-TMP until (S (NP-SBJ the couple) (VP sent (NP it) (NP (NP a check) (PP for (NP $ 613 *U*)) , (ADVP along (PP with (NP (NP a letter) (VP saying (SBAR 0 (S (NP-SBJ that) (VP was (NP-PRD (NP the charity 's) `` share)))))))))))))) . '')) (TOP (S (NP-SBJ The Illinois Attorney General) (VP won (NP a court order (S (NP-SBJ *) (VP to (VP prevent (NP-1 the couple) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP raising (NP further funds) (PP without (NP (NP MADD 's) permission)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The couple) (VP could n't (VP be (VP (VP reached (PP-CLR for (NP comment))) and (VP (ADVP apparently) have (VP left (NP Rockford))))))) , (NP-SBJ law enforcement officials) (VP report (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Denise McDonald) , (NP (NP a spokeswoman) (PP for (NP MADD))) ,) (VP says , `` (S (NP-SBJ It) (VP 's (ADJP-PRD scary) , (SBAR-PRP because (S (NP-SBJ anybody) (VP could (VP do (NP this)))))))) . '')) (TOP (S (NP-SBJ Mr. Johnson) (VP is (NP-PRD (NP a staff reporter) (PP-LOC in (NP (NP The Wall Street Journal 's) Chicago bureau)))) .)) (TOP (NP (NP Overhead costs) (PP at (NP (NP some) (PP of (NP the largest charities)))) , (PP in (NP (NP millions) (PP of (NP dollars)))))) (TOP (S (NP-SBJ (NP British Airways PLC) , (NP (NP a crucial participant) (PP in (NP (NP the proposed buy-out) (PP of (NP UAL Corp.))))) ,) (VP washed (NP-CLR its hands) (PP-CLR of (NP the current efforts (S (NP-SBJ *) (VP to (VP revive (NP (NP a bid) (PP for (NP (NP the parent) (PP of (NP United Airlines))))))))))) .)) (TOP (S (ADVP Specifically) , (NP-SBJ the British carrier) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP-TMP currently) (VP has (NP no plans (S (NP-SBJ *) (VP to (VP participate (PP-CLR in (NP (NP any new offer) (PP for (NP UAL)))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ British Air) (ADVP-MNR officially) (VP withdrew (NP (NP its support) (PP for (NP the previous (ADJP $ 300-a-share bid)))) (PP-LOC in (NP (NP a terse statement) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP said `` (S (NP-SBJ-2 the original deal) (VP is (VP closed (NP *-2)))))))))) . '')) (TOP (S (NP-SBJ Company officials) (VP said (ADVP-TMP later) (SBAR that (S (NP-SBJ British Airways) (VP believes (SBAR 0 (S (NP-SBJ (NP its involvement) (PP in (NP the UAL buy-out))) (VP ended (NP-TMP last Friday) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-3 (NP the buy-out group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP includes (NP (NP UAL 's) management and pilot union)))) ,) (VP failed (S (NP-SBJ *-3) (VP to (VP obtain (NP (NP financing) (PP for (NP the (ADJP (QP $ 6.79 billion) *U*) transaction)))))) (ADVP-TMP *T*-2))))))))))) .)) (TOP (S (NP-SBJ-1 The carrier) (VP stopped (ADVP-LOC-CLR short (PP of (S-NOM (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ-2 it) (VP would n't (PP-TMP at (NP some point)) (VP reconsider (S (NP-SBJ *-2) (VP participating (PP-CLR in (NP (NP any new bid) (PP for (NP UAL))))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ company officials) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP (VP plan (S (NP-SBJ *-1) (VP to (VP take (NP `` no initiatives '' (S (NP-SBJ *) (VP to (VP resurrect (NP the transaction))))))))) , and `` (VP are n't (ADJP-PRD aware '' (PP of (NP (NP any restructured bid) (PP in (NP the making)))))))))) .)) (TOP (S (ADVP Collectively) , (NP-SBJ the statements) (VP raised (NP (NP questions) (PP about (SBAR whether (S (NP-SBJ (NP a new bid) (PP for (NP UAL))) (VP will (ADVP-TMP ever) (VP get (PP-DIR off (NP the ground))))))))) .)) (TOP (S (NP-SBJ The transaction) (VP has (VP had (NP (NP a series) (PP of (NP setbacks))) (SBAR-TMP since (S (NP-SBJ the financing problems) (VP became (ADJP-PRD known) (NP-TMP last Friday)))))) , (PP with (NP (NP no signs or statements) (PP from (NP the buy-out group)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP indicate (SBAR that (S (NP-SBJ any progress) (VP has (VP taken (NP-CLR place))))))))))) .)) (TOP (S (ADVP However) , (PP in (NP (NP response) (PP to (NP the British Air decision)))) , (NP-SBJ-1 (NP United 's) pilot union) (VP vowed (S (NP-SBJ *-1) (VP to (VP continue (NP efforts (S (NP-SBJ *) (VP to (VP revive (NP the buy-out))))))))) .)) (TOP (S (NP-SBJ Pilot union Chairman Frederick C. Dubinsky) (VP said (SBAR 0 (S (NP-SBJ-1 (NP advisers) (PP to (NP (NP UAL management) and (NP the union)))) (VP (VP will (VP begin (S (NP-SBJ *-1) (VP meeting (PP-LOC in (NP New York)) (NP-TMP today))))) and (VP will (VP work (PP-TMP through (NP the weekend)) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP devise (NP (NP a new proposal) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP present (NP *T*-2) (PP-DTV to (NP (NP UAL 's) board)) `` (PP-TMP at (NP the earliest time possible)))))))))))))))) . '')) (TOP (S (NP-SBJ Pilot union advisers) (VP appeared (ADJP-PRD confident (SBAR that (S (NP-SBJ a new bid) (VP could (VP go (ADVP-DIR forward) (PP (ADVP even) without (NP (NP British Air 's) participation)))))))) .)) (TOP (S (NP-SBJ-1 UAL) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP (NP British Air 's) statement)))))) .)) (TOP (S (NP-SBJ (NP UAL Chairman Stephen M. Wolf) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP leading (NP (NP the management end) (PP of (NP the buy-out))))))) ,) (VP has n't (VP provided (NP investors) (PP-CLR with (NP (NP any assurances) (PP about (NP (NP the prospect) (PP of (NP a new deal)))))))) .)) (TOP (S (PP-LOC In (NP another setback)) (NP-TMP yesterday) , (NP-SBJ (NP United 's) machinist union) (VP asked (NP-1 the Treasury Department) (S (NP-SBJ *-1) (VP to (VP investigate (SBAR whether (S (NP-SBJ (NP certain aspects) (PP of (NP the original buy-out proposal))) (VP violated (NP tax laws)))))))) .)) (TOP (S (PP-LOC In (NP an effort (S (NP-SBJ *) (VP to (VP derail (NP the buy-out)))))) , (NP-SBJ the union) (VP has (ADVP already) (VP called (PP-CLR for (NP (NP investigations) (PP by (NP the (NX (NX Securities and Exchange Commission) , (NX Transportation Department) and (NX Labor Department)))))))) .)) (TOP (S But (NP-SBJ there) (VP was (NP-PRD one bright spot) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ The United flight-attendants union) (VP agreed (PP-CLR to (NP (NP negotiations) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP lead (PP-CLR to (S-NOM (NP-SBJ the flight attendants) (VP contributing (NP concessions) (PP-CLR to (NP a revived bid)) (PP in (NP (NP exchange) (PP for (NP an ownership stake)))))))))))))) .)) (TOP (S (NP-SBJ (NP The pilot union) , (NP (NP the only one) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP support (NP the buy-out) (ADVP-TMP thus far)))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the flight attendants ') decision) `` (VP enforces (NP our belief (SBAR that (S (NP-SBJ an (ADJP all-employee owned) airline) (VP is (ADJP-PRD practical and achievable))))))))) . '')) (TOP (S (ADVP Still) , (PP without (NP (NP the assurance) (PP of (NP (NP British Airways ') financial backing)))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP will (VP be (ADJP-PRD tougher) (SBAR-1 for (S (NP-SBJ the buy-out group) (VP to (VP convince (S (NP-SBJ already-reluctant banks) (VP to (VP make (NP (NP loan commitments) (PP for (NP a revised bid)))))))))) , (SBAR-PRP (ADVP especially) since (S (NP-SBJ (NP British Air 's) original investment) (VP represented (NP (NP 78 %) (PP of (NP (NP the cash equity contribution) (PP for (NP the bid)))))))))) .)) (TOP (S (PP-LOC Under (NP the previous plan)) , (NP-SBJ British Air) (VP would (VP have (VP received (NP (NP a (ADJP 15 %) stake) (PP-LOC in (NP UAL))) (PP in (NP (NP exchange) (PP for (NP a (ADJP (QP $ 750 million) *U*) equity investment)))) , (PP with (S-NOM (S (NP-SBJ-1 a (ADJP 75 %) stake) (VP going (PP-DIR-2 to (NP UAL employees)))) and (S (NP-SBJ=1 10 %) (PP-DTV=2 to (NP UAL management)))))))) .)) (TOP (S (NP-SBJ British Air officials) (VP said (SBAR 0 (S (NP-SBJ (NP (NP the airline 's) chairman) , (NP Lord King) ,) (VP was (ADJP-PRD concerned (PP about (NP (NP news reports) (VP indicating (SBAR that (S (NP-SBJ-1 British Air) (VP might (VP be (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP participate (PP-CLR in (NP (NP a bid) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP included (NP (NP a lower purchase price) and (NP (NP better investment terms) (PP for (NP the British carrier))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The previous reports) (VP were (VP based (NP *-1) (PP-LOC on (NP (NP remarks) (PP by (NP (NP (NP British Air 's) chief financial officer) , (NP Derek Stevens) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP said (SBAR 0 (S (NP-SBJ-3 any revised bid) (VP would (VP have (S (NP-SBJ *-3) (VP to (VP include (NP a lower purchase price) (S-PRP (NP-SBJ *) (VP to (VP reflect (NP (NP the sharp drop) (PP-LOC in (NP (NP UAL 's) stock)) (PP-TMP in (NP the past week)))))))))))))))))))))) .)) (TOP (S (NP-SBJ UAL stock) (VP dropped (NP-EXT $ 1.625 *U*) (NP-TMP yesterday) (PP-DIR to (NP $ 190.125 *U*)) (PP on (NP (NP volume) (PP of (NP 923,500 shares)))) (PP-LOC in (NP (NP composite trading) (PP-CLR on (NP the New York Stock Exchange))))) .)) (TOP (S (NP-SBJ-1 UAL) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP (NP British Air 's) statement)))))) .)) (TOP (S (PP-LOC In (NP (NP an interview) (NP-TMP Wednesday) (PP with (NP Dow Jones Professional Investor Report)))) , (NP-SBJ Mr. Stevens) (VP said , `` (S (NP-SBJ We) (VP 're (PP in (NP no way)) (ADJP-PRD committed (PP to (S-NOM (NP-SBJ a deal) (VP going (PRT through) (ADVP at all)))))))) .)) (TOP (S (NP-SBJ We) (VP 're not (VP rushing (PP-DIR into (NP anything)))) .)) (TOP (S (NP-SBJ-1 We) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP party) (PP to (NP a second rejection)))))))) . '')) (TOP (S (ADVP Indeed) , (NP-SBJ-1 British Air) (VP seemed (S (NP-SBJ *-1) (VP to (VP be (VP distancing (NP itself) (PP-CLR from (NP the troubled transaction)) (ADVP-TMP early))))) (PP-LOC in (NP an effort (S (NP-SBJ *) (VP to (VP avoid (NP any further embarrassment))))))) .)) (TOP (S (NP-SBJ The original transaction) (VP fell (PRT through) (PP-TMP on (NP (NP the same day) (SBAR (WHADVP-1 0) (S (NP-SBJ British Air shareholders) (VP approved (NP the plan) (PP-LOC at (NP a special meeting)) (SBAR-TMP after (S (NP-SBJ-2 the British) (VP succeeded (PP-CLR in (S-NOM (NP-SBJ *-2) (VP arranging (NP (NP the financing) (PP for (NP its equity contribution))))))))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ-1 The carrier) (ADVP also) (VP seemed (ADJP-PRD eager (S (NP-SBJ *-1) (VP to (VP place (NP blame) (PP-CLR on (NP its American counterparts))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 The -LCB- buy-out -RCB- consortium) (VP ceased (S (NP-SBJ *-1) (VP to (VP exist (SBAR-PRP because (S (NP-SBJ our American partners) (VP were (ADJP-PRD not capable (PP of (S-NOM (NP-SBJ *) (VP organizing (NP the financing))))))))))))) , '' (NP-SBJ a British Air spokesman) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ-1 British Airways) (VP may (VP have (VP begun (S (NP-SBJ *-1) (VP to (VP have (NP (NP second thoughts) (PP about (NP the transaction)))))) (SBAR-TMP after (S (NP-SBJ the Transportation Department) (VP forced (S (NP-SBJ (NP Northwest 's) (NP Airlines ') new owners) (VP to (VP restructure (NP (NP the equity contribution) (PP of (NP KLM Royal Dutch Airlines)) (PP in (NP that carrier)))))))))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP (NP the department 's) statements)) (PP-TMP since (NP the Northwest transaction))) (VP indicated (SBAR 0 (S (NP-SBJ-1 it) (VP planned (S (NP-SBJ *-1) (VP to (VP curtail (NP (NP foreign ownership stakes) (PP-LOC in (NP U.S. carriers)))))))))) .)) (TOP (S (PP-TMP (ADVP Even) before (NP (NP British Air 's) announcement)) , (NP-SBJ-1 pilot union leaders) (VP had (VP been (VP meeting (PP-LOC in (NP Chicago)) (NP-TMP yesterday) (S-PRP (NP-SBJ *-1) (VP to (VP consider (NP their options))))))) .)) (TOP (S (NP-SBJ The leaders) (VP expressed (NP (NP support) (PP for (S-NOM (NP-SBJ-1 *) (VP trying (S (NP-SBJ *-1) (VP to (VP revive (NP the bid)))))))) (PP-TMP following (NP (NP a briefing) (NP-TMP Wednesday) (PP by (NP (NP (NP the union 's) advisers) , (NP (NP Lazard Freres & Co.) and (NP Paul , Weiss , Rifkind Wharton & Garrison))))))) .)) (TOP (S (NP-SBJ They) (ADVP also) (ADVP-MNR unanimously) (VP re-elected (NP (NP Mr. Dubinsky) , (NP (NP the union chairman) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP led (NP (NP the pilots ') (ADJP 2 1\/2-year) fight (S (NP-SBJ *) (VP to (VP take (NP (NP control) (PP of (NP the airline)))))))))))))) .)) (TOP (S (NP-SBJ (NP UAL 's) advisers) (VP have (VP indicated (ADVP-TMP previously) (SBAR that (S (NP-SBJ (NP it) (S *EXP*-1)) (VP may (VP take (NP a while) (S-1 (NP-SBJ *) (VP to (VP come (PRT forward) (PP-CLR with (NP a revised plan))))) (SBAR-PRP since (S (NP-SBJ-2 they) (VP want (S (NP-SBJ-3 *-2) (VP to (VP have (NP firm bank commitments) (PP-TMP before (S-NOM (NP-SBJ *-3) (VP launching (NP a new bid)))))))))))))))) .)) (TOP (S (NP-SBJ They) (VP have (VP maintained (SBAR that (S (NP-SBJ-1 banks) (VP remain (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *-1) (VP financing (NP the transaction)))))))))) .)) (TOP (S (NP-SBJ The buy-out) (VP fell (PRT through) (SBAR-TMP after (S (NP-SBJ-1 (NP (NP Citicorp) and (NP Chase Manhattan Corp.)) , (NP (NP the lead banks) (PP-LOC in (NP the transaction))) ,) (VP failed (S (NP-SBJ *-1) (VP to (VP obtain (NP (NP (QP $ 7.2 billion) *U*) (PP in (NP (NP financing) (VP needed (NP *) (PP-CLR for (NP the plan))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Italy 's) industrial wholesale sales index) (VP rose (NP-EXT 13.2 %) (PP-TMP in (NP June)) (PP-DIR from (ADVP-TMP (NP a year) earlier)))) , (NP-SBJ the state statistical institute Istat) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The June increase) (VP compared (PP-CLR with (NP (NP a rise) (PP of (NP 10.5 %)) (PP-TMP in (NP May)) (PP-DIR from (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Domestic wholesale sales) (VP rose (NP-EXT 11.9 %) (PP-DIR from (ADVP-TMP (NP a year) earlier)) , (SBAR-ADV while (S (NP-SBJ foreign sales) (VP jumped (NP-EXT 17.3 %)))))) , (NP-SBJ Istat) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP For (NP the first six months)) , (NP-SBJ wholesale sales) (VP rose (NP-EXT 12.3 %) (PP-DIR from (ADVP-TMP (NP the year) before)) , (S-ADV (NP-SBJ *) (VP reflecting (PP to (NP (NP (NP a (ADJP 11.5 %) jump) (PP-LOC in (NP domestic sales))) and (NP (NP a (ADJP 14.6 %) boost) (PP-LOC in (NP foreign sales)))))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP capital goods)) (PP to (NP foreign and domestic destinations))) (VP increased (NP-EXT 16.6 %) (PP-TMP in (NP the January-June period)) (PP-DIR from (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP consumer goods))) (VP rose (NP-EXT 6.9 %) (PP-TMP in (NP the same period)) , (SBAR-ADV while (S (NP-SBJ (NP sales) (PP of (NP intermediate goods))) (VP were (ADVP-PRD up (NP 13.8 %) (PP from (ADVP-TMP (NP a year) ago))))))) .)) (TOP (S (NP-SBJ-1 (NP Senate Democrats) (VP favoring (NP (NP a cut) (PP in (NP the capital-gains tax))))) (VP have (VP decided , (PP under (NP (NP pressure) (PP from (NP their leaders)))) , (S (NP-SBJ *-1) not (VP to (VP offer (NP their own proposal)))) , (S-ADV (NP-SBJ *-1) (VP placing (NP another obstacle) (PP-LOC-CLR in (NP (NP the path) (PP of (NP (NP President Bush 's) legislative priority)))))))) .)) (TOP (S (NP-SBJ-1 (NP A core group) (PP of (NP (QP six or so) Democratic senators))) (VP has (VP been (VP working (PP-LOC behind (NP the scenes)) (S-CLR (NP-SBJ *-1) (VP to (VP develop (NP a proposal (S (NP-SBJ *) (VP to (VP reduce (NP (NP the tax) (PP on (NP (NP the gain) (PP from (NP (NP the sale) (PP of (NP assets))))))))))))))))) .)) (TOP (S (S (NP-SBJ The plan) (VP was (ADJP-PRD complete) (PP except (PP for (NP finishing touches))))) , and (S (NP-SBJ there) (VP was (NP-PRD talk (SBAR that (S (NP-SBJ-1 it) (VP would (VP be (VP unveiled (NP *-1) (ADVP-TMP (ADVP as early) (PP as (NP yesterday))))))))))) .)) (TOP (S But (NP-SBJ (NP Senate Majority Leader George Mitchell) (PRN -LRB- (NP (NP D.) , (NP-LOC Maine)) -RRB-) , (NP (NP a vigorous opponent) (PP of (NP the capital-gains tax cut))) ,) (VP called (S (NP-SBJ the group) (VP to (VP meet (PP-CLR with (NP him)) (NP-TMP (NP Wednesday night) and (ADVP again) (NP yesterday)))))) .)) (TOP (S (NP-SBJ Sen. Mitchell) (VP urged (NP-1 them) (S (NP-SBJ *-1) (VP to (VP desist)))) .)) (TOP (S (ADVP-TMP Afterward) , (NP-SBJ (NP leaders) (PP of (NP the dissident Democrats))) (VP (VP relented) , and (VP said (SBAR 0 (S (NP-SBJ they) (VP would n't (VP offer (NP their own proposal) (SBAR-ADV as (S (NP-SBJ they) (VP had (VP planned)))))))))) .)) (TOP (S (NP-SBJ The decision) (VP is (NP-PRD (NP a setback) (PP for (NP (NP President Bush) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP needs (NP (NP the support) (PP of (NP Democrats))) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP pass (NP the tax cut) (PP-DIR through (NP the Democratic-controlled Senate)))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Having (S (NP-SBJ-1 a proposal) (VP sponsored (NP *-1) (PP by (NP-LGS Democrats)))))) (VP would (VP have (VP given (NP the president) (NP an advantage)))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Having (NP only a Republican measure))) (VP makes (S (NP-SBJ the task) (ADJP-PRD harder))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP Sen. Bob Packwood) (PRN -LRB- (NP (NP R.) , (NP-LOC Ore.)) -RRB-) , (NP (NP the lead sponsor) (PP of (NP the Republican capital-gains amendment))) ,) (VP predicted (SBAR that (S (NP-SBJ-1 the tax cut) (VP would (VP be (VP enacted (NP *-1) (NP-TMP this year))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR (SBAR 0 (S (NP-SBJ (NP a clear majority) (PP of (NP senators))) (VP back (NP the tax reduction)))) and (SBAR that (S (ADVP-TMP ultimately) (NP-SBJ there) (VP would (VP be (NP-PRD (NP enough senators) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP overcome (NP (NP any procedural hurdle) (SBAR (WHNP-2 0) (S (NP-SBJ the Democratic leadership) (VP might (VP erect (NP *T*-2))))))))))))))))) .)) (TOP (S But (NP-SBJ (NP Sen. Mitchell) , (VP buoyed (NP *) (PP by (NP-LGS (NP his victory) (PP among (NP fellow Democrats))))) ,) (ADVP-MNR strongly) (VP disagreed) .)) (TOP (S (NP-SBJ Mr. Mitchell) (VP has (VP been (VP predicting (SBAR that (S (NP-SBJ (NP the president 's) initiative) (VP would (VP fail (NP-TMP this year)))))))) .)) (TOP (S (NP-TMP Yesterday) , (PP-LOC in (NP an interview)) , (NP-SBJ he) (VP added (SBAR that (S (NP-SBJ (NP the Democrats ') decision) `` (VP increases (NP the likelihood (SBAR that (S (NP-SBJ a capital-gains tax cut) (VP will not (VP pass (NP-TMP this year)))))) . '')))))) (TOP (S (NP-SBJ (NP Mr. Mitchell 's) first victory) (VP came (NP-TMP last week) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the Senate) (VP passed (NP (NP a deficit-reduction bill) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP did n't (VP contain (NP a capital-gains provision)))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (NP-SBJ That vote) (VP made (S (NP-SBJ (NP it) (SBAR *EXP*-3)) (ADJP-PRD unlikely) (SBAR-3 that (S (NP-SBJ-1 a capital-gains tax cut) (VP would (VP be (VP included (NP *-1) (PP-LOC-CLR in (NP (NP the final bill) , (VP (ADVP-TMP now) (VP being (VP drafted (NP *) (PP by (NP-LGS House and Senate negotiators)))))))))))))) .)) (TOP (S (NP-SBJ (NP The House version) (PP of (NP the bill))) (VP does (VP include (NP the tax cut))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ-2 Republican leaders) (VP are (VP concentrating (PP-CLR on (S-NOM (NP-SBJ *-2) (VP attaching (NP a capital-gains amendment) (PP-CLR to (NP (NP some other bill) , (NP (ADVP perhaps) (NP (NP a measure) (VP raising (NP the federal borrowing limit))) or (NP (NP a second tax bill) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP follow (PP-CLR on (NP (NP the heels) (PP of (NP the deficit-reduction legislation))))))))))))))))) .)) (TOP (S (S-PRP (NP-SBJ-3 *-2) (VP To (VP help (S (NP-SBJ *-3) (VP lay (NP (NP the groundwork) (PP for (NP that fight)))))))) , (NP-SBJ-2 President Bush) (VP plans (S (NP-SBJ *-2) (NP-TMP early next week) (VP to (VP meet (PP-LOC at (NP the White House)) (PP-CLR with (NP (NP some 20 Democratic senators) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP favor (S (NP-SBJ *) (VP cutting (NP the capital-gains tax)))) or (VP are (ADJP-PRD undecided (PP on (NP the issue))))))))))))) .)) (TOP (S (S (NP-SBJ The president) (ADVP apparently) (VP will (VP have (NP (NP (NP only one bill) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP push (NP *T*-1)))))) , (NP Sen. Packwood 's))))) , and (S (NP-SBJ-2 (NP (ADVP at least) some) (PP of (NP the dissident Democrats))) (VP plan (S (NP-SBJ *-2) (VP to (VP support (NP it)))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ-1 I) (VP may (VP want (S (NP-SBJ *-1) (VP to (VP offer (NP (NP additional amendments) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP improve (NP it))))))))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the bill) (VP comes (PP-DIR to (NP the floor)) (ADVP-TMP *T*-3))))))) , '' (VP said (S *T*-4)) (NP-SBJ (NP Sen. David Boren) (PRN -LRB- (NP (NP D.) , (NP-LOC Okla.)) -RRB-) , (NP (NP a leader) (PP of (NP those Democrats)))) .)) (TOP (S (NP-SBJ The Packwood plan) , (SBAR-ADV as (S (NP-SBJ *) (VP expected))) , (VP would (VP allow (S (NP-SBJ individuals) (VP to (VP exclude (PP-CLR from (NP income)) (NP (NP 5 %) (PP of (NP (NP the gain) (PP from (NP (NP the sale) (PP of (NP (NP a capital asset) (VP held (NP *) (PP-TMP for (NP (QP more than one) year))))))))))))))) .)) (TOP (S (NP-SBJ The exclusion) (VP would (VP rise (NP five percentage points) (PP for (NP (NP each year) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 the asset) (VP was (VP held (NP *-1) (ADVP-TMP *T*-2))))))) , (SBAR-TMP until (S (NP-SBJ it) (VP reached (NP (NP a maximum) (PP of (NP 35 %))) (PP-TMP after (NP seven years))))))) .)) (TOP (S (NP-SBJ The exclusion) (VP would (VP apply (PP-CLR to (NP (NP assets) (VP sold (NP *) (PP-TMP after (NP Oct. 1))))))) .)) (TOP (S (PP As (NP an alternative)) , (NP-SBJ-1 taxpayers) (VP could (VP chose (S (NP-SBJ *-1) (VP to (VP reduce (NP their gains) (PP-MNR by (NP an inflation index))))))) .)) (TOP (S (PP For (NP corporations)) , (NP-SBJ-1 (NP the top tax rate) (PP on (NP (NP the sale) (PP of (NP (NP assets) (VP held (NP *) (PP-TMP for (NP (QP more than three) years)))))))) (VP would (VP be (VP cut (NP *-1) (PP-DIR to (NP 33 %)) (PP-DIR from (NP (NP the current top rate) (PP of (NP 34 %))))))) .)) (TOP (S (NP-SBJ That rate) (VP would (ADVP-MNR gradually) (VP decline (PP-DIR to (NP (QP as little as 29) %)) (PP for (NP (NP corporate assets) (VP held (NP *) (PP for (NP 15 years))))))) .)) (TOP (S (NP-SBJ The Packwood plan) (ADVP also) (VP would (VP include (NP (NP a proposal) , (VP designed (NP *) (PP by (NP-LGS (NP Sen. William Roth) (PRN -LRB- (NP (NP R.) , (NP-LOC Del.)) -RRB-)))) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP create (NP (NP new tax benefits) (PP for (NP individual retirement accounts)))))))))) .)) (TOP (S (NP-SBJ The Roth plan) (VP would (VP create (NP (NP a new , non-deductible IRA) (SBAR (WHPP-2 from (WHNP which)) (S (NP-SBJ-1 money) (VP could (VP be (VP withdrawn (NP *-1) (PP *T*-2) (ADVP tax-free) (PP-PRP (CONJP not only) (PP for (NP retirement)) , (CONJP but also) (PP for (NP (NP (NP the purchase) (PP of (NP a first home))) , (NP education expenses) and (NP medical expenses)))))))))))) .)) (TOP (S (NP-SBJ-1 Current IRAs) (VP (VP could (VP be (VP rolled (NP *-1) (PRT over) (PP-CLR into (NP the new IRAs))))) , but (VP would (VP be (ADJP-PRD subject (PP to (NP (NP tax) (PP though (NP no penalty)))))))) .)) (TOP (S (NP-SBJ-1 Westmoreland Coal Co.) , (S-ADV (NP-SBJ *-1) (VP realizing (NP (NP benefits) (PP of (NP a sustained effort (S (NP-SBJ *) (VP to (VP (VP cut (NP costs)) and (VP boost (NP productivity)))))))))) , (VP reported (NP (ADJP sharply improved) third-quarter results)) .)) (TOP (S (NP-SBJ (NP The producer and marketer) (PP of (NP low-sulfur coal))) (VP said (SBAR 0 (S (NP-SBJ (NP net income) (PP for (NP the quarter))) (VP was (NP-PRD (NP (QP $ 5.9 million) *U*) , or (NP (NP 71 cents) (NP-ADV a share))) , (PP on (NP (NP revenue) (PP of (NP (QP $ 145.4 million) *U*)))))))) .)) (TOP (S (PP For (NP the year-earlier period)) , (NP-SBJ the company) (VP reported (NP (NP a loss) (PP of (NP (NP $ 520,000 *U*) or (NP (NP six cents) (NP-ADV a share)))))) .)) (TOP (S (PP-TMP In (NP the latest nine months)) , (NP-SBJ the company) (VP earned (NP (NP (QP $ 8.5 million) *U*) , or (NP (NP $ 1.03 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ (NP (NP Last year 's) net loss) (PP of (NP $ 3,524,000 *U*))) (VP included (NP (NP a benefit) (PP of (NP $ 1,640,000 *U*)) (PP from (NP an accounting change)))) .)) (TOP (S (NP-SBJ (NP Revenue) (PP for (NP the nine months))) (VP rose (PP-DIR to (NP (QP $ 449 million) *U*)) (PP-DIR from (NP (QP $ 441.1 million) *U*))) .)) (TOP (S (PP-LOC In (NP an interview)) , (NP-SBJ (NP Pemberton Hutchinson) , (NP (NP president) and (NP chief executive)) ,) (VP cited (NP (NP (NP several reasons) (PP for (NP the improvement))) : (NP (NP (NP higher employee productivity) and (NP (NP `` good natural conditions '') (PP-LOC in (NP the mines)))) , (CONJP as well as) (NP (NP lower costs) (PP for (NP (NP materials) , (NP administrative overhead) and (NP debt interest))))))) .)) (TOP (S-1 (PP-TMP In (NP the latest nine months)) (PRN , (S (NP-SBJ Mr. Hutchinson) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ total coal sales) (VP rose (PP-DIR to (NP (QP about 14.6 million) tons)) (PP-DIR from (NP (QP about 14.3 million) tons) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ long-term debt) (VP has (VP been (VP trimmed (PP-DIR to (NP (QP about $ 72 million) *U*)) (PP-DIR from (NP (QP $ 96 million) *U*)) (PP-TMP since (NP Jan. 1))))) .)) (TOP (S (NP-SBJ He) (VP predicted (SBAR 0 (S (NP-SBJ the debt ratio) (VP will (VP improve (ADVP-EXT further) (PP-TMP in (NP coming quarters))))))) .)) (TOP (S (NP-SBJ (NP Westmoreland 's) strategy) (VP is (S-PRD (NP-SBJ *) (VP to (VP retain and expand (NP (NP its core business) (PP of (S-NOM (NP-SBJ *) (VP mining and selling (NP low-sulphur coal) (PP-LOC in (NP the Appalachia region)))))))))) .)) (TOP (S (NP-SBJ The operating territory) (VP includes (NP (NP coal terminals) (PP-LOC (PP on (NP the Ohio River)) and (PP in (NP (NP Newport News) , (NP Va)))))) .)) (TOP (S (NP-SBJ Westmoreland) (VP exports (NP (NP (QP about a fourth)) (PP of (NP its coal tonnage)) , (PP including (NP (NP a significant amount) (PP of (NP (NP metallurgical coal) (VP produced (NP *) (PP by (NP-LGS others))) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP is (VP used (NP *-1) (PP by (NP-LGS (NP steelmakers) (ADVP-LOC overseas))))))))))))) .)) (TOP (S (PP-TMP For (NP (NP the past couple) (PP of (NP years)))) , (NP-SBJ Westmoreland) (VP has (VP undertaken (NP (NP an aggressive streamlining) (PP of (NP (NP all aspects) (PP of (NP its business))))))) .)) (TOP (S (NP-SBJ-1 (NP Marginal operations) and (NP assets)) (VP have (VP been (VP sold (NP *-1)))) .)) (TOP (S (NP-SBJ-1 (NP The size) (PP of (NP (NP the company 's) board))) (VP has (VP been (VP reduced (NP *-1) (PP-DIR to (NP eight directors)) (PP-DIR from (NP 13))))) .)) (TOP (S (NP-SBJ-1 (NP (QP About 140) salaried management jobs) and (NP (NP hundreds) (PP of (NP hourly wage positions)))) (VP have (VP been (VP eliminated (NP *-1)))) .)) (TOP (S (NP-SBJ-1 Even perks) (VP have (VP been (VP reduced (NP *-1)))) .)) (TOP (S (S (PP For (NP example)) , (NP-SBJ (NP the chief executive) (NP himself)) (ADVP-TMP now) (VP pays (NP (NP 20 %) (PP of (NP (NP the cost) (PP of (NP his health benefits))))))) ; (S (NP-SBJ-1 the company) (VP used (S (NP-SBJ *-1) (VP to (VP pay (NP 100 %)))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ I) (VP think (SBAR 0 (S (S (NP-SBJ-1 the ship) (VP is (ADVP-TMP now) (VP righted (NP *-1)))) , (S (NP-SBJ-2 the bilges) (VP are (VP pumped (NP *-2)))) and (S (NP-SBJ we) (VP are (PP-LOC-PRD on (NP course)))))))) , '' (NP-SBJ Mr. Hutchinson) (VP said (S *T*-3) (PP-CLR of (NP the restructuring program))) .)) (TOP (S `` (NP-SBJ-3 (NP Much) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 we) (VP set (PRT out) (S (NP-SBJ *-2) (VP to (VP do (NP *T*-1))))))))) (VP is (VP completed (NP *-3))) . '')) (TOP (S But (NP-SBJ he) (VP cautioned (SBAR that (S (S (NP-SBJ (NP Westmoreland 's) third quarter) (VP is (ADVP typically) (ADJP-PRD (ADVP better) (PP than (NP the fourth))))) , so (S (NP-SBJ investors) `` (VP should n't (ADVP just) (VP (VP multiply (NP the third quarter) (PP-CLR by (NP four))) '' and (VP assume (SBAR 0 (S (NP-SBJ-1 (NP the same rate) (PP of (NP improvement))) (VP can (VP be (VP sustained (NP *-1))))))))))))) .)) (TOP (S-1 (NP-SBJ One difference) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (VP is (SBAR-PRD that (S (NP-SBJ the fourth quarter) (VP has (NP (ADJP significantly fewer) workdays) (PP-PRP because of (NP (NP holidays) and (NP the hunting season))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 I) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP give (NP the impression (SBAR that (S (NP-SBJ everybody) (VP can (VP relax (ADVP-TMP now)))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S `` (NP-SBJ-1 We) (VP have (S (NP-SBJ-2 *-1) (VP to (VP keep (S (NP-SBJ-3 *-2) (VP working (PP-CLR at (S-NOM (NP-SBJ *-3) (VP improving (NP our core business))))))))) (S-PRP (NP-SBJ *-1) (VP to (VP stay (ADJP-PRD efficient))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP a process) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP never) (ADVP really) (VP ends))))) . '')) (TOP (S (ADVP Nevertheless) , (NP-SBJ Mr. Hutchinson) (VP predicted (SBAR (SBAR that (S (NP-SBJ 1989) (VP would (VP be `` (ADJP-PRD solidly profitable) '' (PP for (NP Westmoreland)))))) and (SBAR that (S (NP-SBJ 1990) (VP would (VP bring `` (NP (NP more) (PP of (NP the same))))))))) . '')) (TOP (S (PP For (NP (NP all) (PP of (NP 1988)))) , (NP-SBJ the company) (VP reported (NP (NP an after-tax operating loss) (PP of (NP $ 134,000 *U*))) (PP on (NP (NP revenue) (PP of (NP (QP $ 593.5 million) *U*))))) .)) (TOP (S (NP-SBJ An accounting adjustment) (VP made (S (NP-SBJ net income) (NP-PRD (NP (QP $ 1.5 million) *U*) , or (NP (NP 18 cents) (NP-ADV a share))))) .)) (TOP (S (PP-LOC In (NP (NP a move) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP complements (NP (NP the company 's) basic strategy)))))) , (NP-SBJ its Westmoreland Energy Inc. unit) (VP is (VP developing (NP four coal-fired cogeneration plants) (PP with (NP (NP a partner) (PP-LOC in (NP Virginia)))))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP (NP the coal) (SBAR (WHNP-1 0) (S (NP-SBJ the plants) (VP buy (NP *T*-1))))))) (VP will (VP come (PP-DIR from (NP Westmoreland mines)))) .)) (TOP (S (NP-SBJ Mr. Hutchinson) (VP predicted (SBAR that (S (NP-SBJ (NP (NP the unit 's) contribution) (PP to (NP company results)) (PP-TMP in (NP the 1990s))) `` (VP will (VP be (ADJP-PRD exciting)))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ Westmoreland) (VP is (VP looking (PP-CLR at (NP (NP investment stakes) (PP in (NP (NP other cogeneration plants) (ADJP east (PP of (NP the Mississippi River)))))))))))) .)) (TOP (S (NP-SBJ Westmoreland) (VP expects (S (NP-SBJ energy demand) (VP to (VP grow (ADVP annually) (PP-LOC in (NP the (ADJP 2.5 %) range)) (PP-TMP in (NP the early 1990s)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP see (S (NP-SBJ (NP (NP coal 's) piece) (PP of (NP the action))) (VP growing)))) , '' (NP-SBJ Mr. Hutchinson) (VP said (S *T*-1)) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 Coal prices) , (SBAR-ADV while (S (NP-SBJ *-1) not (VP skyrocketing))) , (VP will (VP grow (ADVP-EXT modestly) (PP in (NP real terms))))) , (NP-SBJ we) (VP think (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 Chase Manhattan Corp.) , (PP-TMP after (S-NOM (NP-SBJ-2 *-1) (VP trying (ADVP unsuccessfully) (S (NP-SBJ *-2) (VP to (VP sell (NP (NP its interest) (PP-LOC in (NP its lower Manhattan operations building))))))))) , (VP has (VP exercised (NP its option (S (NP-SBJ *) (VP to (VP purchase (NP the 50-story office tower))))))) .)) (TOP (S (NP-SBJ Chase) (VP had (VP purchased (NP an option (S (NP-SBJ *) (VP to (VP buy (NP (NP the building) (PP-LOC at (NP One New York Plaza))) (PP-CLR for (NP an undisclosed sum)))))) (PP-CLR from (NP the late Sol Atlas)) (PP as (NP (NP part) (PP of (NP its original lease)))) (PP-TMP in (NP 1970)))) .)) (TOP (S (NP-SBJ The current transaction) (VP cost (NP the bank) (NP (QP approximately $ 140 million) *U*)) .)) (TOP (S (PP-TPC-1 Of (NP that amount)) , (S (NP-SBJ (NP (QP $ 20 million) *U*) (PP *T*-1)) (VP was (NP-PRD (NP payment) (PP for (NP (NP the land) (PP-LOC underneath (NP the building))))))) and (S (NP-SBJ (NP the rest) (PP *T*-1)) (VP was (PP-PRD for (NP (NP the building) (NP itself))))) .)) (TOP (S (NP-SBJ The building) (VP houses (NP (NP (QP about 4,500) Chase workers) , (SBAR (WHNP-3 (WHNP most) (WHPP of (WHNP whom))) (S (NP-SBJ-1 *T*-3) (VP will (VP be (VP moved (NP *-1) (PP-DIR to (NP downtown Brooklyn)) (SBAR-TMP after (S (NP-SBJ-2 (NP the bank 's) new back office center) (VP is (VP completed (NP *-2) (PP-TMP in (NP 1993))))))))))))) .)) (TOP (S (NP-SBJ The move) (VP is (NP-PRD (NP part) (PP of (NP (NP Chase 's) strategy (S (NP-SBJ *) (VP to (VP consolidate (NP its back offices) (PP-LOC under (NP one roof))))))))) .)) (TOP (S (NP-SBJ-1 The headquarters) (VP is (VP located (NP *-1) (ADVP-LOC (NP a few blocks) away) (PP-LOC-CLR at (NP 1 Chase Manhattan Plaza)))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP its decision (S (NP-SBJ *) (VP to (VP leave (NP the building)))))))) , (NP-SBJ-1 Chase) (VP tried (S (NP-SBJ *-1) (VP to (VP sell (NP (NP its interest) , (ADVP along (PP with (NP (NP the Atlas estate 's) interest))))))) , (PP-TMP (ADVP shortly) after (NP the October 1987 stock market crash))) .)) (TOP (S (NP-SBJ Chase Senior Vice President George Scandalios) (VP said (SBAR 0 (S (NP-SBJ-1 the bank) (VP decided (S (NP-SBJ *-1) (VP to (VP exercise (NP its option)))) (SBAR-TMP after (S (NP-SBJ bids) (VP fell (ADVP-CLR short (PP of (NP expectations)))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 (NP Chase) and (NP the Atlas estate)) (VP (VP were (VP looking (S (NP-SBJ *-1) (VP to (VP sell (NP the entire building) (PP-CLR for (NP (QP $ 400 million to $ 475 million) *U*))))))) , but (VP did n't (VP get (NP (NP an offer) (PP for (NP (QP more than $ 375 million) *U*))))))))) .)) (TOP (S (PP As (NP (NP the building 's) new owner)) , (NP-SBJ Chase) (VP will (VP have (S (NP-SBJ its work) (VP cut (PRT out) (PP-CLR for (NP it)))))) .)) (TOP (S (S (NP-SBJ Chase) (VP is (VP vacating (NP (NP (QP 1.1 million) square feet) (PP of (NP space)))))) , and (S (NP-SBJ-2 (NP Salomon Brothers Inc.) , (SBAR (WHNP-1 whose headquarters) (S (NP-SBJ *T*-1) (VP is (PP-LOC-PRD in (NP the building))))) ,) (ADVP also) (VP plans (S (NP-SBJ *-2) (VP to (VP move (ADVP-TMP shortly)))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP another major building tenant) , (NP (NP Thomson McKinnon Inc. 's) Thomson McKinnon Securities) ,) (ADVP likely) (VP will (VP vacate (NP the premises) (PP as (NP (NP part) (PP of (NP its liquidation)))))) .)) (TOP (S (NP-SBJ New York real estate brokerage Edward S. Gordon Co.) (VP will (VP have (NP (NP the difficult task) (PP of (S-NOM (NP-SBJ *) (VP finding (NP new tenants))))))) .)) (TOP (S (ADVP Even) (PP with (NP (NP its striking views) (PP of (NP the New York harbor)))) , (NP-SBJ-1 the building) (VP is (VP considered (S (NP-SBJ *-1) (ADJP-PRD antiquated (PP by (NP modern office standards)))))) .)) (TOP (S And (NP-SBJ-1 Chase) (VP will (VP have (S (NP-SBJ-2 *-1) (VP to (VP spend (NP (QP approximately $ 50 million) *U*) (S (NP-SBJ *-2) (VP to (VP remove (NP asbestos) (PP-DIR from (NP the premises)))))))))) .)) (TOP (S (NP-VOC WALL STREET) , (NP-SBJ *) (VP SHAKE (NP hands) (PP-CLR with (NP George Orwell))) .)) (TOP (S (NP-SBJ (NP The author) (PP of (NP the futuristic novel `` (NX-TTL 1984) ''))) (VP invented (NP (NP a language) (VP called (S (NP-SBJ *) (NP-PRD Newspeak))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP made (S (NP-SBJ (NP it) (S *EXP*-2)) (ADJP-PRD impossible) (S-2 (NP-SBJ *) (VP to (ADVP fully) (VP develop (NP (NP a heretical thought) (PRN -- (S (NP-SBJ that) (VP is , (NP-PRD (NP anything) (ADJP negative) (PP about (NP (NP the policies and practices) (PP of (NP the state)))))))))))))))))) .)) (TOP (S (S (NP-SBJ Wall Street) (VP has n't (VP gotten (ADVP-DIR that far) (ADVP yet)))) , but (S (NP-SBJ it) (VP has (VP made (NP a promising start)))) .)) (TOP (S (NP-SBJ-1 Its language) (PRN -- (S (NP-SBJ *) (VP call (S (NP-SBJ it) (NP-PRD Streetspeak)))) --) (VP is (UCP-PRD (ADVP increasingly) (ADJP mellifluous) , (ADJP reassuring) , and (VP designed (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ financial products and maneuvers) (VP appear (ADJP-PRD (ADJP better , safer or cheaper) (SBAR than (S (NP-SBJ they) (ADVP really) (VP are (ADJP-PRD *?*))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ (NP something) (ADJP undeniably nasty)) (VP happens (ADVP-TMP *T*-2)))) , (NP-SBJ-3 a few euphemisms) (VP are (VP deployed (NP *-3) (S-PRP (NP-SBJ *) (VP to (ADVP simply) (VP make (S (NP-SBJ it) (VP disappear))))) , (SBAR-ADV (ADVP much) as (S (NP-SBJ-1 a fresh grave) (VP may (VP be (VP covered (NP *-1) (PP by (NP-LGS (NP a blanket) (PP of (NP flowers))))))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ we) (VP 'll (VP bet (SBAR 0 (S (NP-SBJ you) (VP thought (SBAR that (S (NP-SBJ the stock market) (VP crashed (ADVP-TMP (NP two years) ago))))))))) .)) (TOP (ADJP Wrong .)) (TOP (S (PP According (PP to (NP (NP some) (PP of (NP (NP the grand panjandrums) (PP of (NP the market))))))) , (NP-SBJ it) (ADVP-TMP never) (VP happened) .)) (TOP (S (PP-LOC In (NP their lexicon)) (NP-SBJ (NP the 508-point collapse) (PP-LOC in (NP the Dow Jones Industrial Average)) (PP-TMP on (NP Oct. 19 , 1987 ,))) (VP was (NP-PRD just a big blip)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Trotting (PRT out) (NP a much-beloved Streetspeak term))) , (NP-SBJ-1 New York Stock Exchange Chairman John Phelan) (ADVP-TMP recently) (VP declared (SBAR that (S (NP-SBJ history) (VP would (VP record (NP the event) (PP-CLR as (NP only `` a major technical correction))))))) . '')) (TOP (S -LRB- (NP-SBJ Another much-beloved saying) , (ADVP however) , (S-ADV (NP-SBJ this one) (PP-PRD in (NP plain English))) , (VP holds (SBAR that (S (SBAR-ADV if (S (NP-SBJ something) (VP (VP walks (PP-MNR like (NP a duck))) and (VP quacks (PP-MNR like (NP a duck)))))) , (NP-SBJ it) (VP is (NP-PRD a duck))))) .)) (TOP (S (PP-TMP On (NP (NP Oct. 29 , 1929) (PRN -- (NP (NP a date) (SBAR (WHNP-1 0) (S (NP-SBJ-2 historians) (ADVP-MNR stubbornly) (VP insist (PP-CLR on (S-NOM (NP-SBJ *-2) (VP associating (NP *T*-1) (PP-CLR with (NP the dreaded C-word))))))))) --))) (NP-SBJ the DJ industrials) (VP fell (NP-EXT 12.8 %)) .)) (TOP (S (PP-LOC In (NP (NP the `` technical correction '') (PP of (ADVP-TMP (NP two years) ago)))) , (NP-SBJ they) (VP lost (NP a whopping 22.6 %)) . -RRB-)) (TOP (S (NP-SBJ Customers) (VP hear (NP (NP a lot) (PP of (NP this stuff))) (PP-CLR from (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP try (S (NP-SBJ *-2) (VP to (VP sell (NP them) (NP stock)))))))))) .)) (TOP (S (S (NP-SBJ-2 These people) (VP used (S (NP-SBJ-1 *-2) (VP to (VP be (VP called (S (NP-SBJ *-1) (NP-PRD brokers)))))))) , but (S (ADVP apparently) (NP-SBJ this word) (VP either (VP is not (ADJP-PRD grandiose enough)) or (VP carries (NP (NP (ADJP too many) negative connotations) (PP from (NP (NP the aforementioned technical correction) , (SBAR (WHADVP-3 when) (S (NP-SBJ terrified customers) (VP could n't (VP raise (NP brokers) (PP-CLR on (NP the phone)) (ADVP-TMP *T*-3))))))))))) .)) (TOP (S (NP-ADV Either way) , (NP-SBJ the word `` broker '') (VP is (ADVP clearly) (PP-PRD out (PP of (NP favor)))) .)) (TOP (S (PP-TPC-1 Of (NP the major (ADJP New York-based) securities firms)) , (NP-SBJ (NP only Morgan Stanley & Co.) (PP *T*-1)) (ADVP still) (VP calls (S (NP-SBJ its salespeople) (NP-PRD brokers))) .)) (TOP (S (PP-LOC At (NP (NP Merrill Lynch & Co.) and (NP Shearson Lehman Hutton Inc.))) , (NP-SBJ they) (VP are `` (NP-PRD financial consultants)) . '')) (TOP (S (PP-LOC At (NP (NP Drexel Burnham Lambert Inc.) , (NP Prudential Bache Securities) , and (NP Dean Witter Reynolds Inc.))) , (NP-SBJ they) (VP are `` (NP-PRD account executives)) . '')) (TOP (S (PP-LOC At (NP PaineWebber Inc.)) , (NP-SBJ they) (VP are `` (NP-PRD investment executives)) . '')) (TOP (S (NP-SBJ-1 Such titles) (VP are (VP designed (S (NP-SBJ *-1) (VP to (VP convey (NP (NP a sense) (PP of (NP dignified , broad-scale competence and expertise))) (PP-LOC in (S-NOM (NP-SBJ *) (VP selling (NP (NP today 's) myriad financial products))))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP a competence and expertise) (SBAR (WHNP-1 that) (S (NP-SBJ-2 (NP some brokers) (NP themselves)) , (S-ADV (NP-SBJ-3 *-2) (VP overwhelmed (NP *-3) (PP by (NP-LGS (NP all the new things) (VP being (VP dreamed (PRT up) (NP *))) (SBAR (WHNP-4 0) for (S (NP-SBJ them) (VP to (VP peddle (NP *T*-4))))))))) , (VP do n't (VP feel (NP *T*-1))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP s (ADVP almost) (NP product de jour))) , '' (VP grouses (S *T*-1)) (NP-SBJ (NP one account executive) (PP-LOC at (NP Dean Witter))) .)) (TOP (S (NP-SBJ-2 The transmogrified brokers) (ADVP-TMP never) (VP let (S (NP-SBJ the C-word) (VP cross (NP their lips))) , (S-ADV (NP-SBJ *-2) (ADVP instead) (VP stressing (NP (NP such terms) (PP as (ADJP `` (ADJP safe) , '' `` (ADJP insured) '' and `` (ADJP guaranteed) ''))) -- (SBAR-ADV even though (S (NP-SBJ-1 these terms) (VP may (VP be (ADVP-MNR severely) (VP limited (NP *-1) (PP-CLR in (NP (NP their application) (PP to (NP a particular new financial product)))))))))))) .)) (TOP (S (NP-SBJ (NP The names) (PP of (NP (NP some) (PP of (NP these products))))) (VP do n't (VP suggest (NP (NP the risk) (VP involved (NP *) (PP-LOC in (S-NOM (NP-SBJ *) (VP buying (NP them)))))) , (ADVP either))) .)) (TOP (NP (NP (NP A case) (PP in (NP point))) : (NP `` government-plus '' bond funds) .)) (TOP (SBARQ (WHNP-1 What) (SQ could (NP-SBJ *T*-1) (VP imply (NP (NP more safety) (PP than (S-NOM (NP-SBJ *) (VP investing (PP-CLR in (NP government bonds)))))))) ?)) (TOP (SBARQ (WHNP-1 What) (SQ could (NP-SBJ *T*-1) (VP be (ADJP-PRD (ADJP better) (PP than (S-NOM (NP-SBJ *) (VP getting (NP (NP (ADJP (NP-ADV a tad) more) income) (PP *ICH*-2)) (PP-CLR from (NP (NP them) (PRN -LRB- (NP the plus) -RRB-))) (PP-2 than (NP other people)))))))) ?)) (TOP (S (ADVP Indeed) , (NP-SBJ conservative investors) , (S-ADV (NP-SBJ (NP many) (PP of (NP them))) (ADJP-PRD elderly)) , (VP have (VP poured (NP (QP more than $ 50 billion) *U*) (PP-DIR into (NP (NP such funds) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP promise (NP (NP fatter yields) (PP than (NP ordinary Treasury bonds)))))))) -- (S (NP-SBJ *) (ADVP only) (VP to (VP learn (ADVP-TMP later) (SBAR that (S (NP-SBJ-2 these funds) (VP use (NP (NP part) (PP of (NP their money))) (S-CLR (NP-SBJ *-2) (VP to (VP dabble (PP-CLR in (NP (NP high-risk bond options) , (NP (NP a gambler 's) game)))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ (NP a certain class) (PP of (NP investment))) (VP performs (ADVP-MNR (ADVP so poorly) (SBAR that (S (NP-SBJ-1 its reputation) (VP is (VP tarnished (NP *-1)))))) (ADVP-TMP *T*-2)))) , (NP-SBJ *) (VP look (SBAR for (S (NP-SBJ Wall Street) (VP to (VP give (NP it) (NP a new moniker)))))) .)) (TOP (S (NP-SBJ-1 This) (VP seems (S (NP-SBJ *-1) (VP to (VP be (VP happening (ADVP-TMP now) (PP-CLR to (NP (NP limited partnerships) , (SBAR (WHNP-2 (WHNP many) (WHPP of (WHNP which))) (S (NP-SBJ *T*-2) (VP either (VP have (VP gone (PP-DIR into (NP the tank)) (PP-TMP in (NP recent years)))) or (VP have (ADVP otherwise) (VP been (NP-PRD grievous disappointments))))))))))))) .)) (TOP (S (NP-SBJ-1 They) (VP are (ADVP still) (VP being (VP sold (NP *-1) (PRN , but (ADVP-TMP more and more often) (PP-MNR as (NP `` (NP direct investments) '' -- (PP with (NP (NP all the same risks) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP had (NP *T*-2) (PP-LOC under (NP the old label))))))))))))) .)) (TOP (S (PP-LOC In (NP such cases)) , (S (NP-SBJ the game) (VP has n't (VP changed))) , (FRAG (ADVP only) (NP-SBJ the name)) .)) (TOP (S (PP-LOC In (NP others)) (S (NP-SBJ a familiar old name) (ADVP still) (VP prevails)) , but (S (NP-SBJ the underlying game) (VP has (VP changed))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ `` no load '' mutual funds) (VP remain (NP-PRD a favorite) (PP with (NP investors)) (SBAR-PRP because (S (NP-SBJ they) (VP do n't (VP carry (NP a frontend sales commission)))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Getting (PP-DIR out (PP of (NP them))))) , (ADVP however) , (VP may (VP be (NP-PRD a different story) (ADVP-TMP now))) .)) (TOP (S (S (NP-SBJ-1 Traditional no-loads) (VP made (NP their money) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP charging (NP (NP an annual management fee) , (RRC (ADVP-TMP usually) (NP a modest one)))))))) ; (S (S (NP-SBJ they) (VP imposed (NP no other fees))) , and (S (NP-SBJ many) (ADVP still) (VP do n't (VP *?*)))) .)) (TOP (S (PP-TMP In (NP recent years)) , (ADVP though) , (NP-SBJ (NP a passel) (PP of (NP (NP others) (VP flying (NP the no-load flag))))) (VP have (VP been (VP imposing (NP (NP hefty charges) -- (NP (QP (NP-ADV all the way) up to 6) %) --) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ an investor) (VP sells (NP his shares) (ADVP-TMP *T*-1))))))) .)) (TOP (SQ Should n't (NP-SBJ-1 they) (ADVP properly) (VP be (VP called (S (NP-SBJ *-1) (NP-PRD exit-load funds)))) ?)) (TOP (S (S (NP-SBJ The mutual-fund industry) (VP is (VP debating (NP the question)))) , but (S (NP-SBJ *) (VP do n't (VP expect (NP a new name) (SBAR-ADV while (S (NP-SBJ the old one) (VP is (VP working (ADVP-MNR so well)))))))) .)) (TOP (S And (NP-SBJ *) (VP do n't (VP expect (S (NP-SBJ anyone) (VP to (VP change (NP the term `` blue chip)))) , '' (ADVP either) , (SBAR-ADV even though (S (NP-SBJ (NP some) (PP of (NP (NP the companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP still) (VP enjoy (NP the title))))))) (VP may (VP be (NP-PRD (NP riskier investments) (SBAR than (S (NP-SBJ they) (VP were (NP-PRD *?*))))))))))) .)) (TOP (S (S (NP-SBJ American Telephone & Telegraph Co.) , (PP for (NP one)) , (VP is (ADVP still) (NP-PRD (NP a favorite) (PP of (NP (NP widows) , (NP orphans) and (NP trust departments)))))) -- but (S (S-ADV (NP-SBJ-2 *-1) (VP (VP shorn (NP *-2) (PP-CLR of (NP its regional telephone units))) and (VP exposed (NP *-2) (PP-CLR to (NP (NP competition) (PP-LOC on (NP every side))))))) , (NP-SBJ-1 it) (VP is (NP-PRD (NP a (ADJP far different) investment prospect) (SBAR than (S (NP-SBJ it) (VP was (NP-PRD *?*) (PP-TMP before (NP divestiture)))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ blue chips) (PP in (ADJP general)) (VP have (VP suffered (NP (ADJP much more) short-term price volatility) (PP-TMP in (NP recent years)))) .)) (TOP (S (NP-SBJ (NP Larry Biehl) , (NP (NP a money manager) (PP-LOC in (NP (NP San Mateo) , (NP Calif.)))) ,) (VP blames (NP that) (PP-CLR on (NP (NP the advent) (PP of (NP (NP program trading) , (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ-2 (NP computers) (VP used (NP *) (PP by (NP-LGS big institutional investors)))) (VP are (VP programmed (S (NP-SBJ *-2) (VP to (VP buy and sell (NP big blocks) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ certain market conditions) (VP prevail (ADVP-TMP *T*-3))))))) (PP-LOC *T*-1)))))))))) .)) (TOP (S-2 (NP-SBJ-1 Blue chips) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) ,) `` (VP are (ADVP-TMP now) (VP being (VP referred (PP-CLR to (NP *-1)) (PP-CLR as (NP poker chips))))) . '')) (TOP (S (ADVP Finally) , (NP-SBJ (NP even the time-honored strategy) (VP called (S (NP-SBJ *) `` (NP-PRD value investing) ''))) (ADVP-TMP no longer) (VP means (SBAR-NOM (WHNP-1 what) (S (NP-SBJ it) (ADVP-TMP once) (VP did (VP *?* (NP *T*-1)))))) .)) (TOP (S (PP-TMP Before (NP (NP the takeover mania) (PP of (NP the '80s)))) , (NP-SBJ it) (VP referred (PP-CLR to (S-NOM (NP-SBJ *) (VP rooting (PRT out) (PP-MNR through (NP analysis)) (NP (NP undervalued stocks) , (ADVP especially) (NP (NP those) (PP with (NP (NP shrewd management) , (NP sound fundamentals) and (NP decent prospects))))))))) .)) (TOP (S-2 (ADVP-TMP Now) (PRN , (SINV (VP says (SBAR 0 (S *T*-2))) (NP-SBJ Mr. Biehl)) ,) (NP-SBJ value investing) (ADVP-TMP often) (VP means `` (S (NP-SBJ *) (VP looking (PP-CLR for (NP (NP downtrodden companies) (PP with (NP terrible management)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (PP-PRD in (NP real trouble)))))))))) . '')) (TOP (S-1 (PP To (NP (NP institutional investors) or (NP brokers))) , (PRN (S (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP a company) (PP with (NP value))) (VP is (NP-PRD (NP a company) (PP at (NP (NP risk) (PP of (S-NOM (NP-SBJ-2 *) (VP being (VP swallowed (PRT up) (NP *-2))))))))) .)) (TOP (S (NP-SBJ Ms. Bettner) (VP covers (NP personal finance) (PP from (NP (NP The Wall Street Journal 's) Los Angeles bureau))) .)) (TOP (S (NP-SBJ-2 I) (VP was (ADJP-PRD amused (S (NP-SBJ *-2) (VP to (VP read (NP (NP your recent news stories) (PP on (NP (NP (NP the banking industry 's) reserve additions) and (NP concomitant threats (S (NP-SBJ-1 *) (VP to (VP cease (S (NP-SBJ *-1) (VP making (NP new loans) (PP-CLR to (NP less-developed countries)))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 the whole story) (VP were (VP told (NP *-1))))) , (NP-SBJ it) (VP would (VP read (NP-MNR (NP something) (PP like (NP this))))) :)) (TOP (S -- (PP-TMP During (NP the 1970s)) (NP-SBJ the commercial banks) (VP lured (NP the country loan business) (ADVP-DIR away (PP from (NP (NP the bond markets) (SBAR (WHADVP-2 where) (S (NP-SBJ (NP (NP the discipline) (PP of (NP a prospectus))) and (NP `` (NAC Use (PP of (NP Proceeds))) '' confirmation)) (VP allowed (S (NP-SBJ lenders) (VP to (VP audit (NP (NP expenditures) (PP of (NP old loans))) (SBAR-TMP before (S (NP-SBJ-1 new loans) (VP were (VP made (NP *-1)))))))) (ADVP-LOC *T*-2)))))))) .)) (TOP (S -- (S (NP-SBJ-1 (NP The reward) (PP for (NP that reckless lending))) (VP was (NP-PRD-2 high (NX (NX reported earnings) (PRN -LRB- and (NX management bonuses) -RRB-))))) ; (S (NP-SBJ=1 the price) , (NP=2 (NP a sea) (PP of (NP bad loans)))) .)) (TOP (S -- (PP-TMP For (NP the past several years)) , (NP-SBJ-1 the banks) , (S-ADV (NP-SBJ *-1) (VP lacking (NP (NP a private navy) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP enforce (NP their interests)))))))) , (VP have (VP been (VP pressuring (S (NP-SBJ the U.S. Treasury) (VP to (VP underwrite (NP their bad LDC credits))))))) .)) (TOP (S -- (NP-SBJ The Treasury) (ADVP-MNR wisely) (VP (VP has (VP refused)) , but (VP has (VP concluded (SBAR that (S (NP-SBJ-1 (NP indirect credit support) (PP through (NP various multinational agencies))) (VP should (VP be (VP made (S (NP-SBJ *-1) (ADJP-PRD available (PP for (NP (NP a price) : (NP either (NP debt reduction) or (NP debt-service reduction) or (NP (NP new loans) (PRN -LRB- (NP the Brady Plan) -RRB-))))))))))))))) .)) (TOP (S -- (S (NP-SBJ-1 The banks) (VP will (VP threaten (S (NP-SBJ *-1) not (VP to (VP make (NP further loans))))))) , but (S (PP in (NP truth)) , (S-ADV (NP-SBJ *-2) (VP lacking (NP (NP the capital) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP (VP to (VP write (PRT off) (NP their mistakes))) or (VP to (VP build (NP a navy))) (ADVP-MNR *T*-3))))))) , (NP-SBJ-2 they) (VP have (NP (NP no alternative) but (S-NOM (NP-SBJ *) (VP to (VP go (PRT along))))))) .)) (TOP (NP George A. Wiegers)) (TOP (S (NP-SBJ Gillette Co.) (VP elected (NP (NP Warren E. Buffett) , (NP (NP chairman) (PP of (NP Berkshire Hathaway Inc.))) ,) (PP-CLR to (NP its board)) , (S-ADV (NP-SBJ *) (VP increasing (NP (NP the number) (PP of (NP directors))) (PP-DIR to (NP 12)) (PP-DIR from (NP 11))))) .)) (TOP (S (S (NP-SBJ Berkshire Hathaway) (NP-TMP earlier this year) (VP bought (NP (NP (QP $ 600 million) *U*) (PP of (NP (NP preferred stock) (PP in (NP Gillette)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD convertible (PP into (NP an (ADJP 11 %) stake))))))))))) , and (S (NP-SBJ Gillette) (VP said (PP-TMP at (NP the time)) (SBAR that (S (NP-SBJ-1 Mr. Buffett) (VP would (VP be (VP added (NP *-1) (PP-CLR to (NP the board))))))))) .)) (TOP (S (S (ADVP Separately) , (NP-SBJ Gillette) (VP said (SBAR 0 (S (NP-SBJ its third-quarter earnings) (VP rose (NP-EXT 2 %) (PP-DIR to (NP (NP (QP $ 65.2 million) *U*) , or (NP (NP 57 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 63.9 million) *U*) , or (NP (NP 57 cents) (NP-ADV a share))) , (PP-TMP in (NP the year-earlier period)))))))) ; (S (NP-SBJ per-share earnings) (VP remained (ADJP-PRD flat) (PP despite (NP (NP an increase) (PP in (NP net income)))) (SBAR-PRP (PP in (NP part)) because (S (NP-SBJ the company) (VP paid (NP a (ADJP (QP $ 10.4 million) *U*) dividend) (PP-CLR on (NP the new preferred stock)) (PP-TMP in (NP the period))))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 9 %) (PP-DIR to (NP (QP $ 921.6 million) *U*)) (PP-DIR from (NP (QP $ 845.7 million) *U*)) , (SBAR-ADV with (S (NP-SBJ (NP sales) (PP of (NP (NP the company 's) international/diversified operations))) (PP-LOC-PRD `` well above '' (NP-TMP the year earlier-period))))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ (NP Gillette 's) net income) (VP declined (NP-EXT 1 %) (PP-DIR to (NP (NP (QP $ 205.3 million) *U*) , or (NP (NP $ 2.02 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 207 million) *U*) , or (NP (NP $ 1.82 *U*) (NP-ADV a share))) , (PP-TMP in (NP the 1988 period)))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 6 %) (PP-DIR to (NP (QP $ 2.77 billion) *U*)) (PP-DIR from (NP (QP $ 2.61 billion) *U*))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ the company) (VP closed (NP-TMP yesterday) (PP-CLR at (NP (NP $ 45.50 *U*) (NP-ADV a share))) , (ADVP up (NP 25 cents))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ (NP Walter Yetnikoff) , (NP (NP the president) (PP of (NP (NP Sony Corp. 's) CBS Records))) ,) (NP-TMP last month) (VP told (NP producer Peter Guber) (SBAR that (S (NP-SBJ-2 Sony) (VP (VP was (VP about (S (NP-SBJ *-2) (VP to (VP make (NP (NP a (ADJP (QP $ 3.4 billion) *U*) bid) (PP for (NP Columbia Pictures)))))))) and (VP needed (NP (NP someone) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP run (NP the studio)))))))))) (ADVP-TMP *T*-1)))) , (NP-SBJ Mr. Guber) (VP jumped (PP-CLR at (NP the chance))) .)) (TOP (S (PP-TMP Within (NP two days)) , (NP-SBJ-1 he) (VP was (PP-LOC-PRD on (NP (NP his way) (PP to (NP (NP New York) and (NP Tokyo))))) (S-PRP (NP-SBJ *-1) (VP to (VP meet (PP-CLR with (NP (NP top brass) (PP-LOC at (NP Sony)))))))) .)) (TOP (S And (SBAR-TMP before (S (NP-SBJ the week) (VP was (ADJP-PRD out)))) , (NP-SBJ Sony) (VP had (VP offered (NP (NP Mr. Guber) and (NP (NP his partner) , (NP Jon Peters) ,)) (NP (NP the (ADJP most lucrative) employment contracts) (PP-LOC in (NP (NP the history) (PP of (NP the movie business))))))) .)) (TOP (S (FRAG-ADV (CONJP Not only) (NP that)) , (NP-SBJ-1 Sony) (ADVP also) (VP agreed (S (NP-SBJ *-1) (VP to (VP (VP give (NP them) (NP (NP a stake) (PP-LOC in (NP (NP Columbia 's) future profits)))) and (VP buy (NP (NP their company) , (NP Guber Peters Entertainment Co.) ,) (PP-CLR for (NP (NP (QP $ 200 million) *U*) , (ADJP (ADJP (NP-ADV (QP almost 40) %) more) (PP than (NP (NP the market value) (PP of (NP the company)))))))))))) .)) (TOP (S (S (NP-SBJ There) (VP was (NP-PRD (QP just one) sticking point))) : (S (NP-SBJ The two) (VP had (NP a prior commitment))) .)) (TOP (S (ADVP-TMP (NP (QP Just seven) months) earlier) , (NP-SBJ they) (VP had (VP signed (NP a five-year exclusive contract (S (NP-SBJ *) (VP to (VP make (NP movies) (PP for (NP (NP Warner Bros.) (SBAR (WHPP-1 for (WHNP which)) (S (NP-SBJ they) (VP had (ADVP just) (VP produced (NP the smash hit `` (NX-TTL Batman)) (PP *T*-1))))))))))))) . '')) (TOP (S But (NP-SBJ Mr. Guber) (VP figured (SBAR that (S (NP-SBJ-1 Warner Communications Inc. chairman Steven Ross) , (VP would (VP (VP empathize) and (VP let (S (NP-SBJ the producers) (VP go))) , (S-ADV (NP-SBJ *-1) (VP knowing (SBAR 0 (S (NP-SBJ the Sony offer) (VP was `` (NP-PRD (NP the culmination) (PP of (NP (NP a life 's) work))))))))))))) . '')) (TOP (S (NP-SBJ He) (VP figured (ADVP-MNR wrong)) .)) (TOP (S (NP-TMP Last week) , (PP-TMP following (NP fruitless settlement talks)) , (NP-SBJ-1 Warner) , (S-ADV (NP-SBJ *-1) (ADVP-TMP now) (VP merging (PP-CLR with (NP Time Inc.)))) , (VP filed (NP a (ADJP (QP $ 1 billion) *U*) (NAC breach (PP of (NP contract))) suit) (PP-LOC in (NP Los Angeles Superior Court)) (PP-CLR against (NP both (NP Sony) and (NP Guber Peters)))) .)) (TOP (S (NP-SBJ-1 Sony) (ADVP promptly) (VP countersued , (S-ADV (NP-SBJ *-1) (VP charging (NP-2 Warner) (PP-CLR with (S-NOM (NP-SBJ-3 *-2) (VP trying (S (NP-SBJ *-3) (VP to (VP (VP sabotage (NP its acquisitions)) and (VP hurt (NP its efforts (S (NP-SBJ *) (VP to (VP enter (NP the U.S. movie business))))))))))))))) .)) (TOP (S (S (NP-SBJ (NP The accusations) (PP of (NP lying and duplicity))) (VP are (VP flying (ADVP thick and fast) (PP-LOC on (NP both sides))))) : (S (SBAR-ADV As (S (NP-SBJ one Sony executive) (VP puts (NP it)))) , `` (NP-SBJ It) (VP 's (NP-PRD World War III)) . ''))) (TOP (S (SBAR-SBJ That (S (NP-SBJ (NP two successful producers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are n't (ADJP-PRD (ADVP all that well) known) (PP-LOC outside (NP Hollywood)))))) (VP could (VP occasion (NP (NP such a clash) (PP of (NP corporate titans))))))) (VP suggests (SBAR (WHADJP-2 how desperate) (S (NP-SBJ (NP the quest) (PP for (NP proven talent))) (VP is (ADJP-PRD *T*-2) (PP-LOC in (NP the movie business)))))) .)) (TOP (S And (NP-SBJ they) (VP are (NP-PRD a (ADJP very odd) team) (PP in (NP any case))) .)) (TOP (S (NP-SBJ-1 Mr. Guber) (VP was (VP (VP raised (NP *-1) (PP-LOC in (NP Boston))) and (VP educated (NP *-1) (PP-LOC in (NP New York))))) .)) (TOP (S (NP-SBJ He) (VP is (NP-PRD (NP a lawyer) (PP with (NP (NP a string) (PP of (NP academic degrees)))))) .)) (TOP (S (NP-SBJ Mr. Peters) (VP is (NP-PRD (NP a high-school dropout) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP came (PP-DIR to (NP fame)) (PP-MNR as (NP (NP Barbra Streisand 's) hairdresser))))))) .)) (TOP (S (ADVP Yet) , (NP-SBJ they) (VP are (ADVP far and away) (NP-PRD (NP the (ADJP most prolific) producers) (PP-LOC in (NP Hollywood)))) .)) (TOP (S And (PP despite (NP (NP their share) (PP of (NP duds)))) , (NP-SBJ they) (VP make (NP (NP movies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP make (NP money)))))) .)) (TOP (S (NP-SBJ That) (VP is (NP-PRD (NP a skill) (SBAR (WHNP-1 0) (S (S (NP-SBJ Sony) (ADVP badly) (VP needs (NP *T*-1))) -- and (S (NP-SBJ-2 Warner) (VP is (ADJP-PRD loath (S (NP-SBJ *-2) (VP to (VP lose (NP *T*-1))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Columbia) (VP had (NP a good summer) (PP with (NP `` (NP-TTL Ghostbusters II) '' and `` (SBAR-TTL (WHADVP-1 When) (S (NP-SBJ Harry) (VP Met (NP Sally) (ADVP-TMP *T*-1))))))))) , '' (NP-SBJ (NP rivals) (PP such as (NP (NP Warner) , (NP Paramount Pictures) , (NP Walt Disney Co.) and (NP Universal Studios)))) (VP have (VP been (VP thrashing (NP Columbia) (PP-LOC at (NP the box office))))) .)) (TOP (S (PP-TMP After (NP (NP five years) (PP of (NP management turmoil)))) , (PP with (NP four different studio heads)) , (NP-SBJ Columbia) (ADVP sorely) (VP needs (NP (NP a stable , savvy team) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP (VP restore (NP its credibility)) and (VP get (NP it) (ADVP-CLR back (PP in (NP (NP the business) (PP of (S-NOM (NP-SBJ *) (VP making (NP hits)))))))))))))) .)) (TOP (S (S (NP-SBJ-2 (NP Mr. Guber) and (NP Mr. Peters)) (VP are n't (ADVP universally) (VP loved (NP *-2) (PP-LOC in (NP Hollywood))))) but (S (NP-SBJ-1 they) (VP are (ADJP-PRD well connected))) .)) (TOP (S (NP-SBJ (NP Their stock) (PP in (NP trade))) (PP as (NP `` executive producers '')) (VP is (VP (VP sniffing (PRT out) (NP hot properties)) , (VP locking (NP them) (PRT up)) and (VP (ADVP-TMP then) getting (S (NP-SBJ big studios) (VP to (VP bankroll and distribute (NP them))))))) .)) (TOP (S (ADVP-TMP Sometimes) (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP (VP do (NP (NP little more) (PP than (VP (VP grab (NP (NP the first draft) (PP of (NP (NP a screenplay) (PP for (NP a `` (NX-TTL Flashdance))))))) , '' or (VP buy (NP (NP rights) (PP to (NP (NP a best seller) (PP such as `` (NP-TTL The Color Purple))))))))))) . '')) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP falls (PP-DIR to (NP others)) (S-1 (NP-SBJ *) (VP to (VP do (NP the writing , directing and producing))))) .)) (TOP (S (PP With (NP (NP MGM/UA 's) `` (NX-TTL Rainman))) , '' (PP for (NP instance)) , (S (NP-SBJ Messrs. Guber and Peters) (VP had (NP (NP virtually nothing) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-2) (PP-CLR with (NP day-to-day production))))))))) , but (S (S (NP-SBJ their names) (ADVP still) (VP appear (PP-MNR in (NP big letters)) (PP-LOC on (NP the credits)))) , and (S (NP-SBJ-1 they) (VP are (ADVP inevitably) (VP associated (NP *-1) (PP-CLR with (NP its success)))))) .)) (TOP (S (ADVP-TMP Sometimes) , (PP as (PP with `` (NP-TTL Batman))) , '' (NP-SBJ the pair) (ADVP really) (VP do (VP make (NP the film))) .)) (TOP (S (PP-LOC In (NP that case)) , (NP-SBJ-1 Guber Peters) (VP (VP acquired (NP the rights) (PP-TMP in (NP 1979))) , (VP nursed (NP the movie) (PP-CLR through (NP a dozen scripts))) , and (VP were (PP-LOC-PRD on (NP the set)) (PP-LOC in (NP London)) (PP-TMP for (NP 11 months)) (S-ADV (NP-SBJ *-1) (VP hovering (PP-CLR over (NP (NP the (ADJP most minute) changes) (PP-LOC in (NP casting and production)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ They) (VP 're (NP-PRD (NP the best production talent) (ADVP-LOC around)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Brian De Palma) , (ADJP beholden (PP to (NP Guber Peters)) (PP for (S-NOM (NP-SBJ *) (VP hiring (S (NP-SBJ him) (VP to (VP direct (NP (NP the Warner movie) (PP of (NP (NP Tom Wolfe 's) novel `` (NX (NX Bonfire) (PP of (NP the Vanities)))))))))))))) . '')) (TOP (S (PP-LOC On (NP (NP that film) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (S (NP-SBJ *-2) (VP to (VP start (NP shooting) (PP-TMP in (NP a few months)))))))))) , `` (NP-SBJ-3 they) (VP 've (VP been (ADJP-PRD (ADVP very much) involved) , (S-ADV (NP-SBJ *-3) (VP (VP hiring (NP talent)) and (VP discussing (NP (NP the development) (PP of (NP the script)))))))) .)) (TOP (S (S-TPC-1 And (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ you) (VP 're (VP making (NP (NP a movie) (ADJP this big)) (ADVP-TMP *T*-2))))) , (NP-SBJ you) (VP need (NP (NP all the help) (SBAR (WHNP-3 0) (S (NP-SBJ you) (VP can (VP get (NP *T*-3)))))))) , '' (NP-SBJ Mr. De Palma) (VP adds (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP wish (SBAR 0 (S (NP-SBJ they) (VP were (ADVP-LOC-PRD around) (NP-TMP (NP 24 hours) (NP-ADV a day)))))) . '')) (TOP (S And (NP-SBJ-1 some movies) (VP seem (S (NP-SBJ-2 *-1) (VP to (VP have (VP been (VP hurt (NP *-2) (PP by (NP-LGS their inattention)))))))) .)) (TOP (S (NP-SBJ Warner executives) (VP blame (NP (NP (NP (NP Mr. Guber 's) and (NP Mr. Peters 's)) lack) (PP of (NP involvement)) (PP in `` (NP-TTL Caddyshack II) '')) (PP-CLR for (NP (NP casting and production problems) and (NP (NP the film 's) ultimate dismal failure)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 've (VP had (NP a few bombs)))) , '' (VP admits (S *T*-1)) (NP-SBJ Mr. Peters) .)) (TOP (S `` But (ADVP by and large) (NP-SBJ this company) (VP has (ADVP only) (VP been (ADJP-PRD profitable))) . '')) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ (NP (NP his company 's) prowess) (PP at (NP packaging and marketing))) `` (VP is (SBAR-PRP-PRD (WHADVP-1 why) (S (NP-SBJ we) (VP 'll (VP be (ADJP-PRD good) (PP-LOC at (NP Columbia)) (ADVP-PRP *T*-1))))))))) .)) (TOP (S (NP-SBJ We) (ADVP practically) (VP ran (NP our own studio)) . '')) (TOP (S (NP-SBJ Longtime Hollywood associates) (VP describe (NP Mr. Guber) (PP-CLR as (NP (NP (NP the intellectual powerhouse) (PP of (NP the two))) , (NP (NP a man) (PP with (NP (NP a flair) (PP for (NP deal-making and marketing)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Peter) (VP is (NP-PRD (NP a major piece) (PP of (NP Hollywood manpower)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (ADVP really) (VP earned (NP his success)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Robert Bookman) , (NP (NP an agent) (PP-LOC at (NP Creative Artists Agency)))) .)) (TOP (S (NP-SBJ (NP Mark Johnson) , (NP (NP the producer) (PP of `` (NP-TTL Rainman))) , '') (VP chimes (PRT in) : `` (S (NP-SBJ He) (VP has (NP a great ability (S (NP-SBJ *) (VP to (VP (VP hire (NP terrific people)) and (VP delegate (NP authority))))))))) ... .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's (NP-PRD no accident) (SBAR-1 that (S (NP-SBJ-2 they) (VP 've (VP been (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP develop (NP such successful material)))))))))) . '')) (TOP (S (S (NP-SBJ Mr. Peters) , (PP on (NP the other hand)) , (VP has (NP fewer fans) (PP-LOC in (NP Hollywood)))) , and (S (NP-SBJ-1 his detractors) (VP like (S (NP-SBJ *-1) (VP to (VP characterize (NP him) (PP-CLR as (NP (NP something) (PP of (NP a hot-tempered bully))))))))) .)) (TOP (S (NP-SBJ He) (VP gets (NP better reviews) (PP-MNR as (NP (NP a creative whiz) , (NP an enthusiast) , (NP an idea man)))) .)) (TOP (S (NP-SBJ-1 He) (ADVP also) (VP had (S (NP-SBJ *-1) (VP to (VP fight (ADVP-MNR (ADVP harder) (SBAR *ICH*-2)) (PP-CLR for (NP credibility)) (SBAR-2 than (S (NP-SBJ his partner) (VP did (VP *?*)))))))) .)) (TOP (S (NP-SBJ Barbra Streisand) (VP made (S (NP-SBJ him) (ADJP-PRD famous))) .)) (TOP (S (NP-SBJ He) (VP cut (NP her hair)) .)) (TOP (S (NP-SBJ He) (VP lived (PP with (NP her))) .)) (TOP (S (NP-SBJ-1 He) (VP came (S-PRP (NP-SBJ *-1) (VP to (VP produce (NP (NP her records) and (NP (NP her movies) -- (NP `` (S-TTL (NP-SBJ-2 A Star) (VP Is (VP Born (NP *-2)))) '' and `` (NP-TTL The Main Event)))))))) . '')) (TOP (S (S-ADV (S (NP-SBJ *-1) (ADVP Thrice) (VP married)) but (S (NP-SBJ *-1) (NP-TMP now) (ADJP-PRD single))) , (NP-SBJ-1 Mr. Peters) (VP got (NP (NP plenty) (PP of (NP ink))) (NP-TMP last summer) (PP for (NP (NP an on-set romance) (PP with (NP actress Kim Basinger)) (PP-TMP during (NP (NP the making) (PP of `` (NP-TTL Batman))))))) . '')) (TOP (S (NP-SBJ-1 Mr. Guber) , (PP by (NP contrast)) , (VP has (VP been (ADJP-PRD married (PP to (NP one woman))) (PP-TMP for (NP (QP more than 20) years)))) .)) (TOP (S (S-TPC-1 But (PP for (NP all their (ADJP intellectual and stylistic) differences)) , (NP-SBJ they) (VP make (NP the perfect `` good cop , bad cop '' team))) , (NP-SBJ Hollywood associates) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Peter) (VP is (NP-PRD the bright , sympathetic guy) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ you) (VP 're (VP doing (NP a deal) (ADVP-TMP *T*-1))))))) , '' (VP says (S *T*-2)) (NP-SBJ one agent) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ there) (VP 's (NP-PRD a problem)))) , (S (NP-SBJ Peter) (VP disappears)) , and (S (NP-ADV (NP all) (PP of (NP a sudden))) (NP-SBJ Jon) (VP shows (PRT up))) . '')) (TOP (S (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP rub (NP (NP many people) (PP-LOC in (NP Hollywood))) (NP-MNR the wrong way)) .)) (TOP (S (NP-SBJ (NP Producers (NX (NX Don Simpson) and (NX Jerry Bruckheimer))) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP shepherded `` (NP-TTL Flashdance) '' (PP-DIR through (NP several scripts))) and (VP (ADVP ultimately) produced (NP the movie))))) ,) (VP bristle (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ Messrs. Guber and Peters) (VP take (NP (NP credit) (PP for (NP the film))) (ADVP-TMP *T*-2))))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ Mr. Simpson) : `` (S-1 (NP-SBJ The script) (VP was (ADJP-PRD unreadable))) .)) (TOP (S (NP-SBJ We) (VP reinvented (NP it)) .)) (TOP (S (NP-SBJ We) (VP are (NP-PRD (NP the producers) (PP of (NP that movie)))) .)) (TOP (S (NP-SBJ They) (VP got (NP (NP (NP a small piece) (PP of (NP the net profits))) and (NP (NP a screen credit) '' (PP as (NP executive producers))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-3 (NP Roger Birnbaum) , (NP (NP an executive) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP worked (PP-CLR for (NP Guber Peters)) (PP-TMP in (NP the early 1980s)))))) ,) (VP left (S-PRP (NP-SBJ *-3) (VP to (VP take (NP (NP a job) (PP as (NP (NP head) (PP of (NP production)) (PP-LOC at (NP the United Artists studio)))))))) (ADVP-TMP *T*-2)))) , (NP-SBJ they) (VP made (S (NP-SBJ him) (VP forfeit (NP (NP all (NX (NX credits) and (NX financial interest))) (PP in (NP (NP the films) (SBAR (WHNP-4 0) (S (NP-SBJ-5 he) (VP had (VP helped (S (NP-SBJ *-5) (VP develop (NP *T*-4))))))) , (PP including (NP `` (NP-TTL Rainman) '' and `` (NP-TTL Batman))))))))) . '')) (TOP (S (NP-SBJ Mr. Peters) (VP (VP acknowledges (NP that)) and (VP says (SBAR 0 (S (NP-SBJ it) (VP 's not (PP-PRD unlike (NP (NP the situation) (SBAR (WHNP-1 0) (S (NP-SBJ (NP he) and (NP Mr. Guber)) (VP are (PP-LOC-PRD in (NP *T*-1)) (PP with (NP Warner)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ I) (VP was (ADJP-PRD upset (PP with (NP Roger))))) , (S (NP-SBJ I) (VP fumpered and schmumpered))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Peters) .)) (TOP (S `` But (S (NP-SBJ-1 he) (VP wanted (S (NP-SBJ *-1) (VP to (VP pursue (NP his own dream)))))) , and (S (NP-SBJ he) (VP went)) . '')) (TOP (S (ADVP Still) , (NP-SBJ Mr. Birnbaum) (VP says (SBAR 0 (S (NP-SBJ (NP his relationship) (PP with (NP Guber Peters))) (VP was `` (NP-PRD (NP one) (PP of (NP (NP the (ADJP most successful)) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP 've (VP had (NP *T*-1) (PP-LOC in (NP Hollywood))))))))))))) . '')) (TOP (SINV (S-TPC-2 (S (NP-SBJ The two) `` (VP have (NP a wonderful chemistry))) -- (S (S (NP-SBJ Jon) (VP is (ADJP-PRD very impulsive))) , and (S (NP-SBJ Peter) (VP is (ADJP-PRD very compulsive))))) , '' (VP adds (SBAR 0 (S *T*-2))) (NP-SBJ (NP Mr. Birnbaum) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADVP-TMP now) (NP-PRD (NP head) (PP of (NP production)) (PP-LOC at (NP (NP News Corp. 's) 20th Century Fox Film Co))))))) .)) (TOP (S `` (NP-SBJ-1 Jon Peters) (VP will (VP (VP come (S (NP-SBJ *-1) (VP barreling (PP-DIR into (NP a room))))) , (VP say (SBAR 0 (S (NP-SBJ he) (VP 's (VP got (NP a great idea)))))) , and (VP be (VP gone)))) .)) (TOP (S (NP-SBJ Peter) (VP will (VP (VP take (NP (NP the kernel) (PP of (NP that idea)))) and (VP make (S (NP-SBJ it) (VP grow (PP-CLR into (NP something specific))))))) ... . '')) (TOP (S (NP-SBJ Mr. Birnbaum) (VP recalls (SBAR that (S (NP-SBJ-2 (NP Mr. Guber) and (NP Mr. Peters)) (VP shifted (PP-CLR into (NP high gear)) (ADVP-TMP (NP a few years) back) (PP-TMP upon (S-NOM (NP-SBJ *-2) (VP learning (SBAR that (S (NP-SBJ they) (VP had (NP (NP competition) (PP for (NP (NP the story) (PP of (NP the murdered naturalist Dian Fossey)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP became `` (NP-TTL-PRD (NP Gorillas) (PP in (NP the Mist))))))))))))))))))) . '')) (TOP (S (NP-SBJ He) (VP says , `` (S (PP-TMP Within (NP a few weeks)) , (NP-SBJ we) (VP made (NP deals) (PP-CLR with (NP (NP (NP the government) (PP of (NP Rwanda))) and (NP (NP everyone) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP had (ADVP-TMP ever) (VP (VP met (NP *RNR*-1)) or (VP talked (PP-CLR to (NP *RNR*-1))) (NP-1 Dian Fossey))))))))))) .)) (TOP (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ Peter) (ADVP even) (VP made (NP some deals) (PP-CLR with (NP the gorillas)))))) . '')) (TOP (S (S (NP-SBJ Universal Studios) (VP was (VP working (PP-CLR on (NP a competing film))))) , but (S (NP-SBJ-1 (NP the studio) and (NP its producers)) (ADVP ultimately) (VP agreed (S (NP-SBJ *-1) (VP to (VP co-produce (NP the film) (PP with (NP (NP Guber Peters) and (NP Warner)))))))) .)) (TOP (S (ADVP-TMP More recently) , (NP-SBJ Guber Peters) (VP beat (PRT out) (NP (NP (QP a dozen) other producers) , (PP (ADVP reportedly) including (NP (NP Robert Redford) and (NP Ted Turner))) ,) (PP-CLR for (NP (NP rights) (PP to (NP (NP the life story) (PP of (NP (NP Chico Mendes) , (NP (NP the murdered Brazilian union leader) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP fought (NP developers) (PP-LOC in (NP the Amazon rain forest))))))))))))) .)) (TOP (S (NP-SBJ-1 Messrs. Guber and Peters) (ADVP-MNR assiduously) (VP courted (NP (NP the man 's) widow) (PP-TMP for (NP months)) , (S-ADV (NP-SBJ-2 *-1) (VP showing (NP her) (NP (NP a tape) (PP of `` (NP-TTL (NP Gorillas) (PP in (NP the Mist))) '')) (S-PRP (NP-SBJ *-2) (VP to (VP impress (NP her) (PP-CLR with (NP (NP the quality) (PP of (NP their work)))))))))) .)) (TOP (S (NP-SBJ Money) (VP helped , (ADVP too)) .)) (TOP (S (ADVP-TMP Ultimately) , (NP-SBJ they) (VP paid (NP (QP more than $ 1 million) *U*) (PP-CLR for (NP the rights))) .)) (TOP (S -LRB- (NP-SBJ The sale) (VP caused (NP (NP a rift) (PP between (NP (NP the widow) and (NP (NP some) (PP of (NP (NP her husband 's) followers))))))) .)) (TOP (S (S (NP-SBJ (NP Some) (PP of (NP the money))) (VP will (VP go (PP-DIR to (NP the Chico Mendes Foundation))))) , but (S (NP-SBJ-1 it) (VP is n't (VP earmarked (NP *-1) (PP-CLR for (NP (NP groups) (VP trying (S (NP-SBJ *) (VP to (VP save (NP the rain forest)))))))))) . -RRB-)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's (ADJP-PRD hardly astonishing) (PRN -LRB- (PP given (NP (NP the men 's) track record)) -RRB-) (SBAR-1 that (S (NP-SBJ Sony) (VP wants (NP (NP Mr. Guber) and (NP Mr. Peters)))))) .)) (TOP (S But (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD puzzling (PP to (NP some Hollywood executives))) (SBAR-1 that (S (NP-SBJ-2 Sony) (VP rushed (S (NP-SBJ *-2) (VP to (VP hire (NP them)))) (PP-MNR without (S-NOM (NP-SBJ *-2) (VP clearing (PRT up) (NP the Warner situation) (ADVP-TMP first)))))))) .)) (TOP (S (NP-SBJ Some) (VP note (SBAR that (S (NP-SBJ-1 Sony) (VP might (VP have (VP saved (NP itself) (NP some trouble) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP (VP (ADVP just) hiring (NP Mr. Guber)) and (VP letting (S (NP-SBJ-2 Mr. Peters) (VP stay (PRT on) (S-CLR (NP-SBJ *-2) (VP to (VP fulfill (NP the Warner contract)))))))))))))))) .)) (TOP (SINV (S-TPC-4 But (SBAR-ADV though `` (S (NP-SBJ (NP people) (PP-LOC in (NP town))) (VP may (VP ask (SBAR (WHADVP-2 why) (S (NP-SBJ Guber) (VP needs (NP Peters) (ADVP-PRP *T*-2)))))))) , (S (NP-SBJ (NP it) (S *EXP*-3)) (VP 's (ADJP-PRD good) (S-3 (NP-SBJ *) (VP to (VP have (NP a partner)))))) , and (S (ADVP obviously) (NP-SBJ the chemistry) (VP works))) , '' (VP says (SBAR 0 (S *T*-4))) (NP-SBJ (NP Steven Tisch) , (NP (NP a producer) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP once) (VP worked (PP-CLR for (NP Mr. Guber))))))) .)) (TOP (S `` (S (NP-SBJ This business) (VP is n't (PP-PRD about (NP personalities)) (PP-TMP at (NP (NP the end) (PP of (NP the day)))))) -- (S (NP-SBJ it) (VP s (PP-PRD about (SBAR whether (S (NP-SBJ the ink) (VP is (ADJP-PRD red or black))))))) .)) (TOP (S (PP-LOC In (NP (NP the case) (PP of (NP Peter and Jon)))) , (NP-SBJ the ink) (VP has (VP been (ADJP-PRD very , very black))) . '')) (TOP (S (NP-SBJ Mr. Guber) (VP got (NP (NP his start) (PP-LOC in (NP the movie business))) (PP-LOC at (NP Columbia)) (ADVP-TMP (NP two decades) ago)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Recruited (PP-CLR from (NP (NP New York University 's) MBA program)))) , (NP-SBJ-1 he) (VP rose (PP-TMP within (NP two years)) (PP-DIR to (NP (NP head) (PP of (NP production)))) , (S-ADV (NP-SBJ *-1) (VP overseeing (NP (NP such films) (PP as (NP `` (NP-TTL (NP The Way) (SBAR (WHNP-2 0) (S (NP-SBJ We) (VP Were (NP-PRD *T*-2))))) , '' `` (NP-TTL Taxi Driver) , '' `` (NP-TTL Tommy) '' and `` (NP-TTL Shampoo))))))) . '')) (TOP (S (PP-TMP In (NP 1976)) , (NP-SBJ he) (VP teamed (PRT up) (PP-CLR with (NP record producer Neil Bogart)) (PP-LOC-CLR in (NP (NP Casablanca Records and Filmworks) (PRN -- (VP (ADVP-TMP later) called (S (NP-SBJ *) (NP-PRD Polygram Pictures))) --) (SBAR (WHADVP-1 where) (S (NP-SBJ they) (VP produced (NP (NP such hits) (PP as (PP as (NP `` (NP-TTL The Deep) , '' and `` (NP-TTL Midnight Express))))) (ADVP-LOC *T*-1))))))) . '')) (TOP (S (PP-TMP In (NP 1980)) , (NP-SBJ Mr. Guber) (VP got (PRT together) (PP-CLR with (NP (NP Mr. Peters) , (RRC (PP-TMP by (ADVP then)) (NP a successful producer) (PP in (NP his own right)) , (PP-TMP after (NP (NP the death) (PP of (NP Mr. Bogart)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Guber Peters) (VP produced (NP (NP a number) (PP of (NP hits))) (PP for (NP Warner and others))))) , (NP-SBJ their record) (VP was n't (ADVP-TMP always) (ADJP-PRD so impressive)) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Among (NP their clinkers)) (VP were (PP-LOC-PRD *T*-1)) (NP-SBJ `` (NP-TTL (NP The Legend) (PP of (NP Billie Jean))) , '' `` (NP-TTL VisionQuest) , '' `` (NP-TTL Clue) '' and `` (NP-TTL (NP Clan) (PP of (NP the Cave Bear)))) . '')) (TOP (S And (NP-SBJ the failures) (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD possible) (SBAR-1 for (S (NP-SBJ Warner) (PP-LOC in (NP its current lawsuit)) (VP to (VP paint (NP the producers) (PP-CLR as (NP ingrates)))))))) .)) (TOP (S (NP-SBJ The studio) (VP says (SBAR 0 (S (NP-SBJ it) (VP stuck (PP-CLR with (NP them)) `` (PP-TMP (ADVP even) in (NP (NP the early years) (SBAR (WHADVP-1 when) (S (NP-SBJ the creative partnership) (VP was not (ADJP-PRD particularly profitable (PP for (NP Warner))) (ADVP-TMP *T*-1)))))))))) . '')) (TOP (S (NP-SBJ Mr. Guber) (VP replies (SBAR that `` (S (NP-SBJ this) (VP is (S-NOM-PRD (NP-SBJ (NP a Goliath) , (NP this Time Warner) ,) (VP trying (S (NP-SBJ *) (VP to (VP chew (PRT up) (NP (NP two fellows) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP done (ADVP-MNR only well) (PP for (NP them)) (PP-TMP for (NP (NP a long period) (PP of (NP time))))))))))))))) . ''))))) (TOP (S (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP maintain (SBAR (SBAR that (S (NP-SBJ (NP executives) (PP-LOC at (NP Warner))) (VP have (ADVP-TMP always) (VP known (PP-CLR of (NP their ambitions (S (NP-SBJ *) (VP to (VP run (NP a major entertainment powerhouse)))))))))) , but (SBAR that (S (NP-SBJ Warner) (ADVP-TMP never) (VP felt (VP threatened (SBAR-TMP until (S (NP-SBJ they) (VP linked (PRT up) (PP-CLR with (NP Sony))))))))))) .)) (TOP (SINV `` (S-TPC-1 (PP-TMP From (NP the beginning)) , -LCB- (NP-SBJ they) -RCB- (VP knew (SBAR 0 (S (NP-SBJ we) (VP had (NP (NP a goal) and (NP a dream))))))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Guber) .)) (TOP (S-1 (PP-LOC On (NP (NP a number) (PP of (NP occasions)))) , (PRN (S (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 he) (VP tried (S (NP-SBJ *-2) (VP to (VP get (S (NP-SBJ Warner) (VP to (VP buy (NP Guber Peters) (ADVP-MNR outright)))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ They) (ADVP-TMP always) (VP listened)) , but (S (NP-SBJ they) (ADVP-TMP never) (VP acted))) , '' (NP-SBJ Mr. Guber) (VP says (S *T*-1)) .)) (TOP (S (PP-TMP In (NP 1987)) , (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP contributed (NP (NP their company 's) assets) (PP in (NP (NP exchange) (PP for (NP (NP a (ADJP 28 %) stake) (PP in (NP (NP Barris Entertainment) , (NP (NP a small-fry TV production company) (VP controlled (NP *) (PP by (NP-LGS Giant Industries Inc. Chairman Burt Sugarman))))))))))) .)) (TOP (S (PP-TMP In (NP July)) (ADVP-TMP (NP a year) later) , (NP-SBJ-1 Warner) (VP agreed (S (NP-SBJ *-1) (VP to (VP release (NP the producers) (PP-CLR from (NP their old contract)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ Messrs. Guber , Peters and Sugarman) (VP made (NP a (ADJP (QP $ 100 million) *U*) offer (S (NP-SBJ *) (VP to (VP buy (NP (NP 25 %) (PP of (NP MGM/UA))))))) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Mr. Guber) and (NP Mr. Peters)) (VP planned (S (NP-SBJ *-1) (VP to (VP run (NP the (ADJP nearly dormant) MGM studio)))))) , and (S (NP-SBJ-2 the two) (ADVP even) (VP tried (S (NP-SBJ *-2) (VP to (VP interest (NP-3 (NP Warner Bros . ') President Terry Semel) (PP-CLR in (S-NOM (NP-SBJ *-3) (VP becoming (NP-PRD a partner))))))) (SBAR-TMP after (S (NP-SBJ he) (VP advised (NP them) (PP-CLR on (NP the deal))))))) .)) (TOP (S But (NP-SBJ the MGM plan) (VP collapsed (ADVP-TMP (NP just two weeks) later)) .)) (TOP (S (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP say (SBAR 0 (S (NP-SBJ they) (VP (VP got (NP (NP a look) (PP at (NP the books)))) and (VP balked (PP-CLR at (NP the price))))))) .)) (TOP (S (NP-SBJ (NP Their relationship) (PP with (NP Mr. Sugarman))) (VP soured (ADVP-TMP shortly thereafter)) .)) (TOP (S (S (NP-TMP Last May) , (NP-SBJ he) (VP sold (NP (NP his (ADJP 24 %) stake) (PP in (NP Barris))) (PP-DTV to (NP a passive Australian investor)))) and (S (NP-SBJ-1 Barris) (VP was (VP renamed (S (NP-SBJ *-1) (NP-PRD Guber Peters Entertainment Co))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 (NP Mr. Guber) and (NP Mr. Peters)) (VP had (VP agreed (S (NP-SBJ *-1) (VP to (VP extend (NP (NP their Warner agreement) (PP with (NP the new five-year exclusive contract)))))))) .)) (TOP (S (NP-SBJ-1 The new deal) (VP was (VP considered (S (NP-SBJ *-1) (NP-PRD (NP the (ADJP most generous)) (PP of (NP its kind)))) , (UCP-MNR both (ADVP financially) and (PP in (NP (NP terms) (PP of (NP creative freedom))))))) .)) (TOP (S But (NP-SBJ it) (VP paled (PP-MNR by (NP (NP comparison) (PP to (NP (SBAR-NOM (WHNP what) (S (NP-SBJ-1 Sony) (VP was (S (NP-SBJ *-1) (VP to (VP offer))) (NP-TMP last month)))) : (NP (NP the chance (PRN , (PP-TMP at (ADJP last)) ,) (S (NP-SBJ *) (VP to (VP run (NP a major studio))))) , (NP (NP (QP about $ 50 million) *U*) (PP in (NP deferred compensation))) , (NP (NP (QP up to 10) %) (PP of (NP (NP Columbia 's) future cash flow))) , (NP (NP 8 %) (PP of (NP (NP the future appreciation) (PP of (NP (NP Columbia 's) market value))))) , and (NP (NP annual salaries) (PP of (NP (QP $ 2.7 million) *U*)) (PP for (NP each))))))))) .)) (TOP (S (NP-SBJ (NP (NP The producers ') (ADJP 28 %) share) (PP of (NP (ADJP publicly held) Guber Peters))) (VP would (VP net (NP them) (NP an additional (QP $ 50 million) *U*))) .)) (TOP (S (NP-SBJ-1 Sony) (ADVP also) (VP agreed (S (NP-SBJ *-1) (VP to (VP indemnify (NP the producers) (PP against (NP (NP any liability) (PP to (NP Warner)))))))) .)) (TOP (S (NP-SBJ Sony) (VP is (VP paying (NP a hefty price) (PP-CLR for (NP (NP a company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (NP (NP revenue) (PP of (NP (QP only $ 42 million) *U*))) (NP-TMP last year)))))))) .)) (TOP (S And (NP-SBJ earnings) (VP have (VP been (ADJP-PRD erratic))) .)) (TOP (S (PP-TMP In (NP the (X the) latest quarter)) , (ADVP thanks (PP in (NP part)) (PP to `` (NP-TTL Batman))) , '' (NP-SBJ Guber Peters) (VP earned (NP (NP (QP $ 5.8 million) *U*) , or (NP (NP 50 cents) (NP-ADV a share))) , (PP compared (PP to (NP (NP a loss) (PP of (NP (NP (QP $ 6.8 million) *U*) , or (NP (NP 62 cents) (NP-ADV a share)))) , (PP-TMP in (NP (NP last year 's) quarter)))))) .)) (TOP (S (NP-SBJ (NP Guber Peters stock) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP traded (ADVP (ADVP as low) (PP as (NP (NP $ 6 *U*) (NP-ADV a share)))) (NP-TMP last year)))) ,) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 16.625 *U*))) .)) (TOP (S (NP-SBJ The two sides) (ADVP-TMP now) (VP are (VP accusing (NP each other) (PP-CLR of (NP lying)))) .)) (TOP (S (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP claim (SBAR 0 (S (NP-SBJ they) (VP have (NP (NP an oral agreement) (PP with (NP Warner executives)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP allows (S (NP-SBJ them) (VP to (VP terminate (NP their contract)))) (SBAR-ADV (SINV should (NP-SBJ the opportunity (S (NP-SBJ *) (VP to (VP run (NP a major studio))))) (VP arise))))))))))) .)) (TOP (S But (PP-LOC in (NP (NP affidavits) (VP filed (NP *) (NP-TMP yesterday) (PP-LOC in (NP the Los Angeles court))))) , (NP-SBJ (NP Mr. Ross) , (NP Warner Bros. Chairman Robert Daly) and (NP President Semel)) (VP deny (SBAR that (S (NP-SBJ-1 such an oral agreement) (VP was (ADVP-TMP ever) (VP made (NP *-1)))))) .)) (TOP (S (NP-SBJ Warner) , (PP-LOC in (NP its court filings)) , (VP calls (S (NP-SBJ it) `` (NP-PRD (NP a piece) (PP of (NP fiction)) (VP created (PP-PRP for (NP this litigation)))))) . '')) (TOP (S (NP-SBJ Mr. Daly) (PP-LOC in (NP his affidavit)) (VP (VP acknowledges (SBAR that (S (NP-SBJ-1 Warner) (VP agreed (S (NP-SBJ *-1) (VP to (VP release (NP-2 the producers) (NP-TMP last year) (S-CLR (NP-SBJ *-2) (VP to (VP take (PRT over) (NP MGM))))))))))) but (VP says (SBAR 0 (S (NP-SBJ that situation) (VP was (ADJP-PRD altogether different)))))) .)) (TOP (S (PP For (NP one thing)) , (PP according (PP to (NP Mr. Daly))) , (NP-SBJ the producers) (VP requested (NP a release) (PP-TMP in (NP advance))) .)) (TOP (S (ADVP-TMP Moreover) , (S (NP-SBJ-1 the old contract) (VP was (VP about (S (NP-SBJ *-1) (VP to (VP expire)))))) , and (S (NP-SBJ (NP the lineup) (PP of (NP Guber Peters pictures)) (PP for (NP Warner))) (VP was n't (ADJP-PRD (ADJP as strong) (SBAR as (S (NP-SBJ it) (VP is (ADJP-PRD *?*) (ADVP-TMP now))))))) .)) (TOP (S (S-TPC-3 (S (NP-SBJ (NP Warner) (NP itself)) (VP was (PP-LOC-PRD in (NP (NP negotiations) (PP with (NP MGM)) (PP over (NP certain (UCP movie and other) rights)))))) , and (S (NP-SBJ (NP it) (S *EXP*-1)) (VP was `` (PP-PRD in (NP (NP Warner 's) interest)) (S-1 (NP-SBJ *) (VP to (VP accommodate (NP MGM/UA , Guber and Peters) (PP-MNR by (S-NOM (NP-SBJ *) (VP permitting (NP-2 them) (S (NP-SBJ *-2) (VP to (VP become (NP-PRD MGM executives))))))))))))) , '' (NP-SBJ Mr. Daly) (VP said (S *T*-3) (PP-LOC in (NP his affidavit))) .)) (TOP (S (NP-SBJ Warner) (ADVP obviously) (VP does n't (VP think (SBAR that (S (NP-SBJ (NP it) (S *EXP*-1)) (VP is (PP-PRD in (NP its own interests)) (S-1 (NP-SBJ *) (VP to (VP let (S (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP go (PP-DIR off (PP to (NP Columbia))))))))))))) .)) (TOP (S (PP At (NP the (ADJP very least))) , (NP-SBJ Mr. Ross) (ADVP-MNR clearly) (VP sees (NP an opportunity (S (NP-SBJ-1 *) (VP to (VP use (NP the two men) (S-CLR (NP-SBJ *-1) (VP to (VP get (NP (NP a pound) (PP of (NP flesh))) (PP-CLR from (NP Sony)))))))))) .)) (TOP (S (PP-TMP During (NP settlement talks)) , (PP for (NP example)) , (NP-SBJ Warner) (VP demanded (NP (NP such things) (PP as (NP (NP (NP cable TV rights) (PP to (NP Columbia movies))) and (NP (NP (NP Columbia 's) interest) (PP in (NP (NP the studio) (SBAR (WHNP-1 0) (S (NP-SBJ it) (ADVP-MNR jointly) (VP owns (NP *T*-1) (PP with (NP Warner))))))))))) , (PP according (PP to (NP (NP executives) (ADJP involved (PP in (NP the talks))))))) .)) (TOP (S (PP-LOC In (NP any settlement)) , (NP-SBJ-1 Warner) (VP is (ADJP-PRD almost certain (S (NP-SBJ *-1) (VP to (VP demand (NP (NP rights) (PP to (NP (NP most) (PP of (NP (NP (NP the (QP 50 or so) projects) (SBAR (WHNP-2 0) (S (NP-SBJ (NP Mr. Guber) and (NP Mr. Peters)) (VP have (VP locked (PRT up) (NP *T*-2) (PP-TMP for (NP the next few years))))))) , (ADVP notably) (NP (NP sequels) (PP to `` (NP-TTL Batman))))))))))))) . '')) (TOP (S (NP-SBJ-1 (NP Mr. Guber) and (NP Mr. Peters)) (VP refuse (S (NP-SBJ *-1) (VP to (VP concede (SBAR that (S (NP-SBJ-2 they) (VP may (VP have (VP made (NP a tactical error) (PP-LOC in (S-NOM (NP-SBJ-3 *-2) (VP accepting (NP the Sony offer) (PP-TMP before (S-NOM (NP-SBJ *-3) (VP taking (NP it) (PRT up) (PP-CLR with (NP Warner))))))))))))))))) .)) (TOP (S And (NP-SBJ they) (VP say (SBAR 0 (S (NP-SBJ there) (VP are (NP-PRD (NP plenty) (PP of (NP precedents))) (PP-LOC in (NP Hollywood)) (PP for (S-NOM (NP-SBJ *) (VP letting (NP people) (PP-CLR out (PP of (NP contracts)))))))))) .)) (TOP (S-3 (NP-TMP (NP The last time) (SBAR (WHADVP-2 0) (S (NP-SBJ Columbia Pictures) (VP was (VP looking (PP-CLR for (NP a studio chief)) (ADVP-TMP *T*-2)))))) , (PRN (S (NP-SBJ they) (VP note (SBAR 0 (S *T*-3)))) ,) (NP-SBJ Warner) (VP (VP released (NP producer David Puttnam) (PP-CLR from (NP his contract))) , then (VP took (NP him) (ADVP-CLR back) (SBAR-TMP after (S (NP-SBJ-1 he) (VP was (ADVP-TMP subsequently) (VP fired (NP *-1) (PP by (NP-LGS (NP his bosses) (PP at (NP Columbia)))))))))) .)) (TOP (S (S (PP-LOC In (NP (NP his affidavit) (VP filed (NP *) (NP-TMP yesterday)))) , (NP-SBJ (NP Warner 's) Mr. Ross) (VP indicated (SBAR 0 (S (NP-SBJ he) (VP is n't (VP buying (NP any such argument))))))) : `` (S (SBAR-ADV If (S (NP-SBJ Sony) (VP succeeds (ADVP-LOC here)))) , (NP-SBJ (NP no written contract) (PP-LOC in (NP Hollywood))) (VP will (VP be (PP-PRD worth (NP (NP the paper) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP 's (VP written (PP-LOC-CLR on (NP *T*-1))))))))))) .)) (TOP (S (NP-SBJ THE SALES PITCH) (VP could n't (VP sound (ADJP-PRD better))) .)) (TOP (S (ADVP First) , (NP-SBJ there) (VP 's (NP-PRD (NP the name) : `` (NP asset-backed securities))) . '')) (TOP (ADJP (ADJP Better) (PP than (NP (NP all those offers (S *ICH*-2)) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP get (NP *T*-1)))) (S-2 (NP-SBJ *) (VP to (VP buy (NP (NP securities) (VP backed (NP *) (PP by (NP-LGS nothing))))))))) .)) (TOP (S And (NP-SBJ there) (VP 's (ADJP-PRD more)) .)) (TOP (S (NP-SBJ (NP The assets) (VP backing (NP the securities))) (VP come (PP-DIR from (NP (NP some) (PP of (NP (NP the country 's) (ADJP (ADJP biggest) -- and (ADJP most secure) --) institutions))))) .)) (TOP (S (NP-SBJ Most) (VP earn (NP (NP high ratings) (PP from (NP credit agencies)))) .)) (TOP (S (NP-SBJ Their yields) (VP are (ADJP-PRD (ADJP higher) (PP than (NP (NP those) (PP of (NP U.S. Treasury issues)))))) .)) (TOP (S And (NP-SBJ the booming market) (VP has (ADVP already) (VP attracted (NP (NP many) (PP of (NP (NP the nation 's) biggest institutional investors))))) .)) (TOP (ADJP Ready (S (NP-SBJ *) (VP to (VP jump))) ?)) (TOP (S (INTJ Well) , (NP-SBJ *) (VP think (ADVP twice)) .)) (TOP (S (S (NP-SBJ The concept) (VP may (VP be (ADJP-PRD simple)))) : (S (NP-SBJ *) (VP (VP Take (NP (NP a bunch) (PP of (NP loans)))) , (VP tie (NP them) (PRT up) (PP-MNR in (NP one neat package))) , and (VP sell (NP (NP pieces) (PP of (NP the package))) (PP-DTV to (NP investors))))) .)) (TOP (S But (NP-SBJ the simplicity) (VP may (VP be (ADJP-PRD misleading))) .)) (TOP (S (NP-SBJ Skeptics) (VP say (SBAR 0 (S (NP-SBJ the (ADJP slightly higher) returns) (VP are n't (ADJP-PRD enough (S (NP-SBJ *) (VP to (VP compensate (PP-CLR for (NP the extra risk)))))))))) .)) (TOP (S (S (NP-SBJ They) (VP warn (SBAR that (S (NP-SBJ asset-backed securities) (VP are (ADVP only) (ADJP-PRD (ADJP as good) (PP as (NP (NP the assets and credit backing) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP support (NP them)))))))))))) -- and (S (NP-SBJ those) (VP are (ADJP-PRD hard (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP evaluate (NP *T*-2)))))))) .)) (TOP (S (S (ADVP Moreover) , (NP-SBJ-1 the securities) (VP were (VP introduced (NP *-1) (ADVP-TMP (NP (QP only about 4 1/2) years) ago)))) ; (S (NP-SBJ the biggest unknown) (VP is (SBAR-PRD (WHADVP-2 how) (S (NP-SBJ they) (VP will (VP fare (PP-LOC in (NP a recession)) (ADVP-MNR *T*-2))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP A lot) (PP of (NP this stuff))) (ADVP really) (VP is (PP-LOC-PRD in (NP untested waters)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Owen Carney) , (NP (NP director) (PP of (NP (NP the investment securities division) (PP of (NP (NP the U.S. comptroller) (PP of (NP the currency)))))))) .)) (TOP (S `` (NP-SBJ We) (VP do n't (VP know (SBAR (WHADVP how) (S (NP-SBJ this whole market) (VP will (VP work (PP-LOC in (NP a serious economic downturn)))))))) . '')) (TOP (S (NP-SBJ Such concerns) , (ADVP however) , (VP have n't (VP stopped (NP-1 asset-backed securities) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP becoming (NP-PRD (NP one) (PP of (NP (NP Wall Street 's) hottest new products)))))))) .)) (TOP (S (PP-TMP Since (NP (NP the spring) (PP of (NP 1985)))) , (NP-SBJ financial alchemists) (VP have (VP transformed (NP (NP a wide variety) (PP of (NP debt))) (PP-CLR into (NP these new securities)))) .)) (TOP (S (NP-SBJ They) (VP have (VP sold (NP (NP issues) (VP backed (NP *) (PP by (NP-LGS (NP car loans) , (NP boat loans) and (NP recreational-vehicle loans))))))) .)) (TOP (S (NP-SBJ They) (VP have (VP offered (NP (NP (NP bundles) (PP of (NP homeequity loans))) , (CONJP as well as) (NP (NP packages) (PP of (NP loans)) (VP used (NP *) (S-CLR (NP-SBJ *) (VP to (VP buy (NP vacation time-shares))))))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ there) (VP was (NP-PRD (NP an issue) (PP of (NP `` (NP death-backed bonds) '' -- (NP (NP securities) (VP backed (NP *) (PP by (NP-LGS (NP loans) (PP to (NP life-insurance policyholders)))))))))) .)) (TOP (S (NP-SBJ Some) (VP predict (SBAR 0 (S (NP-SBJ there) (VP will (VP be (NP-PRD `` (NP Third World bonds) , '' (VP backed (NP *) (PP by (NP-LGS (NP loans) (PP to (NP (NP Brazil) , (NP Argentina) and (NP other debt-ridden nations)))))))))))) .)) (TOP (S And (NP-SBJ the biggest volume) (NP-TMP this year) (VP has (VP been (PP-PRD on (NP (NP securities) (VP backed (NP *) (PP by (NP-LGS (NP credit-card receivables) , (VP (ADVP-TMP sometimes) known (NP *) (PP-CLR as `` (NP plastic bonds)))))))))) . '')) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD (NP the heyday) (PP of (NP debt))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP James Grant) , (NP (NP editor) (PP of (NP (NP (NP Grant 's) Interest Rate Observer) , (NP a newsletter))))) .)) (TOP (S `` (SBAR-TMP Before (S (NP-SBJ the sun) (VP sets (PP on (NP the '80s))))) , (NP-SBJ it) (VP seems (SBAR 0 (S (NP-SBJ-1 nothing) (VP will (VP be (VP left (S (NP-SBJ *-1) (VP unhocked)))))))) . '')) (TOP (S (NP-SBJ The result) (VP is (NP-PRD a (ADJP (QP $ 45 billion) *U*) market) , (PP according (PP to (NP Securities Data Co)))) .)) (TOP (S (NP-SBJ That) (VP includes (NP (NP (QP more than $ 9.5 billion) *U*) (VP issued (PP-TMP through (NP (NP August) (PP of (NP this year))))) , (ADVP (ADVP up (ADVP sharply) (PP from (NP (QP $ 6.5 billion) *U*) (PP-TMP in (NP the comparable 1988 period)))) -- and (ADVP (ADVP more) (PP than (PP-TMP in (NP (NP all) (PP of (NP 1987))))))))) .)) (TOP (S (NP-SBJ-1 Most issues) (VP have (VP been (VP sold (NP *-1) (PP-CLR to (NP (NP professional money managers) , (NP pension funds) , (NP bank trust departments) and (NP other institutions)))))) .)) (TOP (S (S But (NP-SBJ wealthy individuals) (ADVP also) (VP have (VP been (VP jumping (ADVP-DIR in))))) , and (S (ADVP-TMP lately) (NP-SBJ brokers) (VP have (VP been (VP pushing (NP smaller investors) (PP-DIR into (NP the asset-backed market)))))) .)) (TOP (S (S (NP-SBJ The entry fee) (VP is (ADJP-PRD affordable))) : (S (NP-SBJ-1 Issues) (ADVP typically) (VP are (VP sold (NP *-1) (PP-MNR in (NP (NP minimum denominations) (PP of (NP $ 1,000 *U*))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP expect (NP (NP additional offerings) '' (PP of (NP (NP asset-backed securities) (VP targeted (NP *) (PP-DIR toward (NP individual investors)))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Bill Addiss) , (NP (NP a senior vice president) (PP-LOC at (NP Shearson Lehman Hutton Inc)))) .)) (TOP (S (NP-SBJ The process) (ADVP typically) (VP begins (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP an institution) , (PP such as (NP (NP Citibank) or (NP Sears , Roebuck & Co.))) ,) (VP (VP takes (NP (NP a pool) (PP of (NP (ADJP credit-card or other) receivables)))) and (VP sells (NP them) (PP-CLR to (NP a (ADJP specially created) trust))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ The trust) (ADVP then) (VP issues (NP (NP securities) (PRN -- (ADJP generally due (PP-TMP in (NP five years (QP or less)))) --) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP are (VP (VP underwritten (NP *-2) (PP by (NP-LGS Wall Street brokerage firms))) and (VP offered (NP *-2) (PP-DTV to (NP investors))))))))) .)) (TOP (S (NP-SBJ Issues) (ADVP typically) (VP (VP come (PP-MNR with (NP `` (NP credit enhancements) , '' (PP such as (NP (NP a bank letter) (PP of (NP credit))))))) , and (VP (ADVP thus) have (VP received (NP high credit ratings)))) .)) (TOP (S (NP-SBJ Enthusiasts) (VP say (SBAR 0 (S (NP-SBJ-1 the booming market) (VP has (VP opened (PRT up) (NP (NP a valuable new source) (PP of (NP funds))) (PP-CLR to (NP issuers)) , (SBAR-ADV while (S (NP-SBJ *-1) (VP providing (NP a valuable new investment) (PP-CLR for (NP individuals and institutions)))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Asset-backed securities) `` (VP are (NP-PRD an attractive investment) (PP compared (PP to (NP (NP (NP bank certificates) (PP of (NP deposit))) or (NP other corporate bonds)))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Craig J. Goldberg) , (NP (NP (NP managing director) and (NP head)) (PP of (NP (NP the asset-backed securities group) (PP-LOC at (NP Merrill Lynch Capital Markets)))))) .)) (TOP (S But (NP-SBJ skeptics) (VP question (SBAR whether (S (NP-SBJ asset-backed bonds) (VP offer (NP (NP sufficient rewards) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP compensate (PP-CLR for (NP the extra risks))))))))))) .)) (TOP (S (NP-SBJ *) (VP Consider (NP (NP a (ADJP (QP $ 500 million) *U*) offering) (PP of (NP (NP (ADJP 9 %) securities) (VP (VP issued (NP *) (NP-TMP last spring)) and (VP backed (NP *) (PP by (NP-LGS Citibank credit-card receivables)))))))) .)) (TOP (S (NP-SBJ The triple-A-rated issue) (VP offered (NP (NP a yield) (PP of (NP (NP (QP only about 0.5) percentage point) (PP above (NP four-year Treasury issues)))))) .)) (TOP (S (PP On (NP a (ADJP $ 10,000 *U*) investment)) , (NP-SBJ that) (VP 's (NP-PRD (NP a difference) (PP of (NP (NP (QP only $ 50) *U*) (NP-ADV a year))))) .)) (TOP (S (NP-SBJ (NP That kind) (PP of (NP spread))) (VP can (VP be (ADJP-PRD critical (PP for (NP (NP money managers) (SBAR (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP buy (NP bonds) (PP-MNR in (NP large quantities))))) and (SBAR (WHNP-2 whose livelihood) (S (NP-SBJ *T*-2) (VP depends (PP-CLR on (S-NOM (NP-SBJ *) (VP outperforming (NP (NP the money manager) (PP-LOC across (NP the street))))))))))))))) .)) (TOP (S But (PP for (NP (NP individuals) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP buy (NP (ADJP much smaller) amounts)) and (VP care (ADVP (ADVP less) (PP *ICH*-2)) (PP-CLR about (NP relative performance)) (PP-2 than (PP in (S-NOM (NP-SBJ *) (VP preserving (SBAR-NOM (WHNP-3 what) (S (NP-SBJ they) (VP have (NP *T*-3)))))))))))))) , (NP-SBJ that margin) (VP is (ADJP-PRD meaningless)) .)) (TOP (SINV `` (S-TPC-2 (SBAR-ADV If (S (NP-SBJ-1 you) (VP 're (PP-LOC-PRD in (NP the bond business)) (S-ADV (NP-SBJ *-1) (VP playing (NP the relative-performance derby)))))) , (ADVP then) (NP-SBJ (NP even an extra 25 basis points) (PRN -LRB- (NP 0.25 percentage point) -RRB-)) (VP becomes (NP-PRD an important consideration) (PP on (NP a career basis)))) , '' (VP says (S *T*-2)) (NP-SBJ Mr. Grant) .)) (TOP (S `` But (SBAR-ADV if (S (NP-SBJ you) (VP 're (NP-PRD (NP an individual) (VP (VP investing (NP money)) and (VP trying (S (NP-SBJ *) (VP to (VP get (NP it) (PRT back) (ADVP again)))))))))) , (ADVP then) (NP-SBJ that) (VP is n't (PP-PRD of (NP overwhelming importance))) . '')) (TOP (S (ADVP Moreover) , (NP-SBJ (NP the interest) (PP on (NP asset-backed securities))) (VP is (ADJP-PRD fully taxable) , (SBAR-ADV while (S (NP-SBJ (NP interest) (PP on (NP Treasury issues))) (VP is (ADJP-PRD tax-free) (PP-LOC at (NP the (UCP state and local) level)))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRD (WHADVP why) (S (NP-SBJ (NP some investment managers) , (PP such as (NP (NP Alex Powers) , (NP (NP a vice president) (PP of (NP (NP Chase Manhattan Bank 's) private banking division))))) ,) (VP do n't (VP recommend (NP most asset-backed issues) (PP-CLR for (NP (NP individuals) (PP-LOC in (NP (NP high-tax states) , (PP such as (NP (NP New York) or (NP California)))))))))))) .)) (TOP (S But (NP-SBJ Mr. Powers) (VP has (VP purchased (NP asset-backed issues) (PP-CLR for (NP (NP individuals) (PP with (NP (NP tax-deferred accounts) , (PP such as (NP retirement plans)))))))) .)) (TOP (S (NP-SBJ He) (VP points (PRT out) (SBAR that (S (NP-SBJ (NP institutions) (VP buying (NP asset-backed issues) (PP-MNR in (NP large quantities)))) (VP can (VP earn (NP (NP higher spreads) (PP over (NP Treasurys)) (PP than (NP (NP individuals) (VP buying (NP smaller amounts)))))))))) .)) (TOP (S (NP-SBJ Another concern) (VP is (UCP-PRD (NP liquidity) , or (SBAR (WHADVP-2 how easily) (S (NP-SBJ-1 a security) (VP can (VP be (VP converted (NP *-1) (PP-CLR into (NP cash)) (ADVP-MNR *T*-2)))))))) .)) (TOP (S (NP-SBJ (NP The (UCP secondary , or resale ,) market) (PP for (NP asset-backed securities))) (VP is (ADJP-PRD (ADJP relatively new) and (ADJP (ADJP much less active) (PP than (PP for (NP Treasury issues)))))) .)) (TOP (S (NP-SBJ That) (VP could (VP make (S (NP-SBJ it) (ADJP-PRD tricky)) (PP for (NP (NP investors) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP need (S (NP-SBJ *-2) (VP to (VP sell (NP their holdings) (ADVP-MNR quickly) (SBAR-TMP before (S (NP-SBJ the securities) (VP mature))))))))))))) .)) (TOP (S-1 (NP-SBJ That) (VP 's (ADJP-PRD particularly true)) (PRN , (S (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-1)))) ,) (PP for (NP (NP certain) (PP of (NP the securities)) , (PP such as (NP (NP those) (VP backed (NP *) (PP by (NP-LGS time-share loans))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ You) (VP could (VP see (NP massive gyrations) (ADVP-LOC here) (SBAR-TMP because (S (NP-SBJ it) (VP 's (NP-PRD such a (ADJP thinly traded) market))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Jonathan S. Paris) , (NP (NP a vice president) (PP of (NP (NP European Investors Inc.) , (NP a New York investment-management firm))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP an investor) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP wants (S (NP-SBJ *-2) (VP to (VP know (NP (NP the daily value) (PP of (NP (NP Treasury bonds) , or (NP (NP corporate bonds) (VP traded (NP *) (PP-LOC on (NP the New York Stock Exchange)))) ,)))))))))) (VP can (ADVP simply) (VP check (NP newspaper listings))) .)) (TOP (S (NP-SBJ There) (VP are n't (NP-PRD (NP any such listings) (PP for (NP asset-backed securities)))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Evaluating (NP asset-backed securities))) (VP poses (NP another problem)) .)) (TOP (S (NP-SBJ Investors) , (PP for (NP instance)) , (VP may (ADVP mistakenly) (VP assume (SBAR that (S (NP-SBJ (NP the bank or company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP originally) (VP held (NP the assets))))) (VP is (VP guaranteeing (NP the securities))))))) .)) (TOP (S (NP-SBJ It) (VP is n't (VP *?*)) .)) (TOP (S (NP-SBJ (NP The front cover) (PP of (NP (NP the prospectus) (PP for (NP the Citibank credit-card receivables offering))))) (VP points (PRT out) (PP-MNR in (NP bold capital letters)) (SBAR that (S (NP-SBJ the certificates) (VP (VP represent (NP (NP an interest) (PP (ADVP only) in (NP the (ADJP specially created) trust)))) and `` (VP do not (VP represent (NP (NP (NP interests) (PP in (NP *RNR*-1))) or (NP (NP obligations) (PP of (NP *RNR*-1))) (NP-1 (NP the banks) , (NP Citibank N.A.) , (NP Citicorp) or (NP any affiliate thereof))))) . '')))))) (TOP (S (PP In (NP other words)) , (SBAR-ADV if (S (NP-SBJ there) (VP 's (NP-PRD a problem)))) , (NP-SBJ *) (VP do n't (VP expect (S (NP-SBJ Citibank) (VP to (VP come (PP-CLR to (NP the rescue))))))) .)) (TOP (S (NP-SBJ The prospectus) (ADVP also) (VP notes (SBAR that (S (NP-SBJ-1 the securities) (VP are not (VP guaranteed (NP *-1) (PP by (NP-LGS any government agency))))))) .)) (TOP (S (NP-SBJ That) (VP means (SBAR 0 (S (NP-SBJ-2 investors) (VP have (S (NP-SBJ *-2) (VP to (VP focus (PP-CLR (PP on (NP (NP the quality) (PP of (NP (NP the debt) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP lies (PP-LOC beneath (NP the securities))))))))) , (CONJP as well as) (PP on (NP (NP (NP the credit enhancement) (PP for (NP the issue))) and (NP (NP the credit ratings) (SBAR (WHNP-3 0) (S (NP-SBJ the issue) (VP has (VP received (NP *T*-3)))))))))))))))) .)) (TOP (S (NP-SBJ That) (ADVP also) (VP is n't (ADJP-PRD easy)) .)) (TOP (S (NP-SBJ *) (VP Take (NP (NP the `` credit enhancements) , '' (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP typically) (VP include (NP (NP (NP a bank letter) (PP of (NP credit))) or (NP (NP insurance) (PP from (NP a bond-insurance company))))))))) .)) (TOP (S (NP-SBJ-1 (NP The letter) (PP of (NP credit))) (ADVP typically) (VP is not (VP offered (NP *-1) (PP by (NP-LGS (NP the bank) (VP selling (NP (NP the assets) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP back (NP the securities))))))))))) .)) (TOP (SINV Nor does (NP-SBJ it) (VP cover (NP the entire portfolio)) .)) (TOP (S (NP-SBJ (NP Details) (PP of (NP credit enhancements))) (VP vary (ADVP-MNR widely) (PP (PP from (NP issue)) (PP to (NP issue)))) .)) (TOP (S (ADVP Still) , (NP-SBJ-1 they) (VP (VP play (NP a crucial role) (PP-LOC in (S-NOM (NP-SBJ *-1) (VP winning (NP top ratings) (PP-BNF for (NP most asset-backed issues)))))) -- (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (PP in (NP turn)) (VP is (SBAR-PRD (WHADVP-3 why) (S (NP-SBJ (NP the yield) (PP above (NP Treasurys))) (VP is (ADJP-PRD so slim) (ADVP-PRP *T*-3)))))))) .)) (TOP (S But (NP-SBJ skeptics) (VP ask (SBAR (WHADVP why) (S (NP-SBJ-1 you) (VP should (VP bother (S (NP-SBJ *-1) (VP buying (NP this stuff))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ you) (VP can (VP get (NP (ADJP (ADVP only slightly) lower) yields) (PP on (NP government-guaranteed paper)) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ you) (VP buy (NP an asset-backed issue) (ADVP-TMP *T*-1)))) , (NP-SBJ you) (VP take (NP the risk (SBAR that (S (NP-SBJ (NP a bank) or (NP an insurer)) (VP could (VP run (PP-CLR into (NP unexpected difficulties)))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 (NP a bank 's) credit rating) (VP was (VP lowered (NP *-1) (PP-PRP because of , (INTJ say) , (NP (NP its loans) (PP to (NP Third World nations)))))))) , (NP-SBJ that) (VP could (ADVP also) (VP affect (NP (NP the ratings , liquidity and prices) (PP of (NP (NP the asset-backed issues) (SBAR (WHNP-2 that) (S (NP-SBJ the bank) (VP supports (NP *T*-2))))))))) .)) (TOP (S (NP-SBJ Underwriters) (VP insist (SBAR 0 (S (NP-SBJ-1 these issues) (VP are (VP constructed (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP withstand (NP (ADJP extremely tough) economic conditions))))))))) .)) (TOP (S But (PP (PP despite (NP the credit enhancements)) , (PP despite (NP the high ratings))) , (NP-SBJ some money managers) (ADVP still) (VP worry (SBAR that (S (NP-SBJ a recession) (VP could (VP wreak (NP havoc) (PP-CLR on (NP the underlying assets))))))) .)) (TOP (S (PP-TMP At (NP (NP a time) (SBAR (WHADVP-1 when) (S (NP-SBJ Americans) (VP are (ADJP-PRD leveraged (PP to (NP their eyeballs))) (ADVP-TMP *T*-1)))))) , (NP-SBJ asset-backed investors) (VP may (VP be (VP taking (NP a heady gamble (SBAR that (S (NP-SBJ-2 consumers) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP repay (NP loans) (PP-TMP in (NP hard times)))))))))))))) .)) (TOP (S (PP At (NP the (ADJP very least))) , (NP-SBJ a recession) (VP would (VP prompt (S (NP-SBJ investors) (VP to (VP buy (NP (NP (NP the highest-quality bonds) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP can (VP find (NP *T*-1)))))) (PRN -- (S (NP-SBJ that) (VP is , (NP-PRD Treasurys)))))))))) .)) (TOP (S (NP-SBJ That) (VP could (VP (VP widen (NP (NP the yield spread) (PP between (NP (NP Treasurys) and (NP asset-backed securities))))) , (CONJP as well as) (VP make (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD tougher) (S-1 (NP-SBJ *) (VP to (VP unload (NP the latter)))))))) .)) (TOP (S But (NP-SBJ it) (VP could (VP be (ADJP-PRD much worse))) .)) (TOP (S (NP-SBJ Some analysts) (VP are (ADJP-PRD especially wary (PP of (NP credit-card issues)))) .)) (TOP (S (PP For (NP one thing)) , (NP-SBJ credit-card loans) (VP are (ADJP-PRD unsecured)) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ they) (VP fear (SBAR that (S (NP-SBJ-2 banks) (VP have (VP been (ADJP-PRD overeager (S (NP-SBJ *-2) (VP to (VP issue (NP cards) (PP-DTV to (NP the public)))))) -- (S-ADV (NP-SBJ *-2) (VP giving (NP cards) (PP-DTV to (NP (NP (ADJP too many) big spenders) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP default (PP-TMP during (NP a recession))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ (NP A day) (PP of (NP reckoning))) (VP is (VP coming (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ we) (VP think (SBAR 0 (S (NP-SBJ the market) (VP will (VP place (NP a high premium) (PP-CLR on (NP the highest-quality debt issues)) (ADVP-LOC *T*-1))))))))))) , and (S (ADVP therefore) (NP-SBJ we) (VP think (SBAR 0 (S (NP-SBJ the best debt investment) (VP is (NP-PRD U.S. government bonds))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Craig Corcoran) (PP of (NP (NP Davis/Zweig Futures Inc.) , (NP an investment advisory firm)))) .)) (TOP (FRAG (WHNP What) (PP about (NP triple-A-rated asset-backed issues)) ?)) (TOP (S `` (S-TPC-2 (INTJ Nope) , (NP-SBJ-1 we) (ADVP still) (VP say (S (NP-SBJ *-1) (VP to (VP stick (PP-CLR with (NP Treasurys))))))) , '' (NP-SBJ Mr. Corcoran) (VP replies (S *T*-2)) .)) (TOP (S-1 (NP-SBJ Ratings) (PRN , (S (NP-SBJ he) (VP notes (SBAR 0 (S *T*-1)))) ,) `` (VP are (ADJP-PRD subject (PP to (NP change)))) . '')) (TOP (S (NP-SBJ All this) (VP makes (S (NP-SBJ asset-backed securities) (VP seem (ADJP-PRD too risky (PP for (NP many people)))))) .)) (TOP (S And (NP-SBJ it) (VP reminds (NP (NP Raymond F. DeVoe Jr.) , (NP (NP a market strategist) (PP-LOC at (NP Legg Mason Wood Walker Inc.))) ,) (PP-CLR of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ he) (VP calls (S (NP-SBJ *T*-1) `` (NP-PRD (NP DeVoe 's) (ADJP (ADJP Unprovable) but (ADJP Highly Probable)) Theory No. 1))))))) :)) (TOP (S `` (NP-SBJ-2 (NP More money) (PP *ICH*-1)) (VP has (VP been (VP lost (NP *-2) (S-MNR (NP-SBJ *) (VP reaching (PP-CLR for (NP yield)))) (PP-1 than (PP-LOC in (NP (NP all the stock speculations , scams and frauds) (PP of (NP all time)))))))) . '')) (TOP (S (NP-SBJ Mr. Herman) (VP is (NP-PRD (NP a staff reporter) (PP-LOC in (NP (NP The Wall Street Journal 's) New York bureau)))) .)) (TOP (NP-HLN (NP Volume) (PP of (NP (NP asset-backed securities) (VP issued (NP *) (ADVP-TMP annually)))))) (TOP (FRAG (X *) (NP Principal amount))) (TOP (FRAG (X **) (PP-TMP As (PP of (NP August 30))))) (TOP (FRAG (X *) (NP Principal amount))) (TOP (NP (NP Source) : (NP Securities Data Co) .)) (TOP (S (SBAR-ADV IF (S (NP-SBJ YOU) (VP FORCE (S (NP-SBJ financial planners) (VP to (VP sum (PRT up) (NP their (ADJP most important) advice) (PP-MNR in (NP a single sentence)))))))) , (NP-SBJ it) (VP would (ADVP probably) (VP be (NP-PRD (NP a one-word sentence) : (S (NP-SBJ *) (VP Diversify))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Judging (PP-MNR by (NP (NP a poll) (PP of (NP Wall Street Journal readers)) (VP conducted (NP *) (NP-TMP this summer) (PP by (NP-LGS Erdos & Morgan Inc.))))))) , (NP-SBJ serious investors) (VP have (VP taken (NP that advice) (PP-CLR to (NP heart)))) .)) (TOP (S (NP-SBJ (QP Nearly 1,000) investors) (VP responded (PP-CLR to (NP (NP the Journal 's) poll)) , (S-ADV (NP-SBJ *) (VP providing (NP (NP an in-depth look) (PP at (NP their portfolios)))))) .)) (TOP (S (NP-SBJ Those portfolios) (VP are (ADJP-PRD remarkably diversified)) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP spreading (NP their wealth) (PP-CLR among (NP several investment alternatives))))) , (NP-SBJ-1 the respondents) (VP have (VP protected (NP themselves) (PP-CLR against (NP (NP squalls) (PP-LOC in (NP any one area)))) , (SINV-ADV be (NP-SBJ it) (NP-PRD (NP stocks) , (NP bonds) or (NP real estate))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP (QP about 88) %) (PP of (NP Journal readers))) (VP owned (NP stock) (PRN -LRB- (ADVP down (ADVP slightly) (PP from (NP (NP 91 %) (PP-LOC in (NP (NP a similar poll) (NP-TMP last year)))))) -RRB-)) .)) (TOP (S But (NP-SBJ (QP only 17.5) %) (VP said (SBAR 0 (S (NP-SBJ they) (VP had (NP (QP more than half) their money) (PP-LOC-CLR in (NP the stock market)))))) .)) (TOP (S (ADVP Similarly) , (S (NP-SBJ (NP 57 %) (PP of (NP respondents))) (VP own (NP (NP shares) (PP-LOC in (NP a money-market mutual fund))))) , and (S (NP-SBJ 33 %) (VP own (NP municipal bonds))) .)) (TOP (S But (NP-SBJ (NP (QP only 6 % to 7 %) *U*) (PP of (NP the investors))) (VP were (VP committing (NP (QP more than half) their funds) (PP-CLR to (NP (NP either) (PP of (NP those alternatives)))))) .)) (TOP (S (NP-SBJ (NP The poll) , (VP conducted (NP *) (NP-TMP Aug. 7-28)) ,) (ADVP also) (VP provides (NP (NP a glimpse) (PP into (NP (NP the thinking) (PP of (NP serious investors)) (PP on (NP (NP a variety) (PP of (NP other topics)))))))) .)) (TOP (S (NP-SBJ It) (VP found (S (NP-SBJ them) (PP-PRD in (NP a (ADJP (ADJP cautious) , but (ADJP not downbeat) ,) mood)))) .)) (TOP (S (PP-TPC-1 Of (NP (NP 1,500 people) (VP sent (NP *) (NP a questionnaire)))) , (NP-SBJ (NP 951) (PP *T*-1)) (VP replied) .)) (TOP (S (NP-SBJ (NP The response rate) , (NP (QP more than 63) %) ,) (VP allows (S (NP-SBJ-1 the results) (VP to (VP be (VP interpreted (NP *-1) (PP-MNR with (NP (NP a high degree) (PP of (NP confidence))))))))) .)) (TOP (S (NP-SBJ-1 The results) (VP ca n't (VP be (VP extrapolated (NP *-1) (PP-CLR to (NP all investors)) , (ADVP though)))) .)) (TOP (S (NP-SBJ Journal readers) (VP are (ADJP-PRD relatively affluent) , (PP with (NP (NP a median household income) (PP of (NP (QP between $ 75,000 and $ 99,000) *U*))))) .)) (TOP (S (S (NP-SBJ (NP (QP Nearly half)) (PP of (NP the respondents)) (PRN -LRB- (NP 47 %) -RRB-)) (VP said (SBAR 0 (S (NP-SBJ their investment portfolio) (VP was (ADJP-PRD worth (NP $ 250,000 *U* (QP or more)))))))) , and (S (NP-SBJ 17 %) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (ADJP-PRD worth (NP (QP $ 1 million) *U* (QP or more)))))))) .)) (TOP (S (S (NP-SBJ The respondents) (VP were (ADJP-PRD mildly optimistic (PP about (NP (NP the economy) and (NP investment markets)))))) , but (S (NP-SBJ their collective judgments) (VP were (ADJP-PRD (ADJP (NP-ADV a notch) more sober) (SBAR than (S (NP-SBJ they) (VP were (ADJP-PRD *?*) (ADVP-TMP (NP a year) ago))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP 12 %) (PP of (NP (NP this year 's) respondents))) (VP said (SBAR 0 (S (NP-SBJ they) (VP expect (NP (NP a recession) (PP-TMP within (NP 12 months))))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ (QP only 8) %) (VP were (VP expecting (NP a recession))) .)) (TOP (S (NP-SBJ (NP An additional 56 %) (PP of (NP (NP this year 's) respondents))) (VP expect (S (NP-SBJ the economy) (VP to (VP slow (PRT down) (PP-TMP during (NP the next 12 months)))))) .)) (TOP (S (NP-SBJ (NP (QP Only 42) %) (PP of (NP (NP last year 's) respondents))) (VP anticipated (NP slowing growth)) .)) (TOP (S (ADVP Apparently) , (NP-SBJ the respondents) (VP do n't (VP think (SBAR that (S (NP-SBJ an economic slowdown) (VP would (VP harm (NP the major investment markets) (ADVP very much))))))) .)) (TOP (S (NP-SBJ (NP A slim majority) (PRN -LRB- (NP 51 %) -RRB-)) (VP think (SBAR 0 (S (NP-SBJ stock prices) (VP will (VP be (ADJP-PRD (ADJP higher) (SBAR *ICH*-1)) (PP-TMP in (NP August 1990)) (SBAR-1 than (S (NP-SBJ they) (VP were (ADJP-PRD *?*) (PP-TMP in (NP August 1989)))))))))) .)) (TOP (S (NP-SBJ (NP Their verdict) (PP on (NP real estate))) (VP is (ADVP almost) (NP-PRD the same)) .)) (TOP (S (NP-SBJ (QP Some 50) %) (VP expect (S (NP-SBJ (NP real estate) (PP-LOC in (NP their local area))) (VP to (VP increase (PP-MNR in (NP value)) (PP-TMP over (NP the next 12 months)))))) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ (QP only 32) %) (VP expect (NP (NP an increase) (PP-LOC in (NP (NP the price) (PP of (NP gold)))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ-1 gold) (VP tends (S (NP-SBJ *-1) (VP to (VP soar))) (SBAR-TMP (WHADVP when) (S (NP-SBJ inflation) (VP is (ADJP-PRD high))))))) , (NP-SBJ that finding) (VP suggests (SBAR that (S (NP-SBJ people) (VP believe (SBAR 0 (S (NP-SBJ inflation) (VP remains (PP-PRD under (NP control))))))))) .)) (TOP (S (SBAR-ADV Even though (S (NP-SBJ (QP only 12) %) (ADVP actually) (VP predicted (NP a recession)))) , (NP-SBJ many respondents) (VP were (VP taking (NP a (ADJP better-safe-than sorry) investment stance))) .)) (TOP (S (NP-SBJ (QP Nearly a third)) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP have (VP made (NP some portfolio changes) (S-PRP (NP-SBJ *-1) (VP to (VP anticipate (NP a possible recession))))))))) .)) (TOP (S (PP For (NP the most part)) , (NP-SBJ the changes) (VP were `` (ADJP-PRD slight)) . '')) (TOP (S (NP-SBJ-1 (NP The two-thirds) (SBAR (WHNP-2 who) (S (NP-SBJ-5 *T*-2) (VP have n't (VP tried (S (NP-SBJ *-5) (VP to (VP make (S (NP-SBJ their portfolios) (ADJP-PRD more recession-resistant)))))))))) (VP were (VP split (NP *-1) (ADVP-MNR about evenly) (PP-CLR between (NP (NP (NP investors) (SBAR (WHNP-3 who) `` (S (NP-SBJ-6 *T*-3) (VP do n't (VP believe (PP-CLR in (S-NOM (NP-SBJ-7 *-6) (VP trying (S (NP-SBJ *-7) (VP to (VP predict (NP the markets)))))))))) '') (PRN -LRB- (NP (QP about 31) %) -RRB-)) and (NP (NP investors) (SBAR (WHNP-4 who) (S (NP-SBJ *T*-4) (VP (VP `` do n't (VP expect (NP a recession) '' (PRN -LRB- (NP (QP about 15) %) -RRB-))) or (VP are `` (ADJP-PRD unsure (SBAR (UCP if and (WHADVP-8 when)) (S (NP-SBJ a recession) (VP might (VP come (ADVP-TMP *T*-8)))))) '' (PRN -LRB- (NP (QP about 22) %) -RRB-)))))))))) .)) (TOP (S (NP-SBJ-1 (NP A buy-and-hold approach) (PP to (NP stocks))) (VP continues (S (NP-SBJ *-1) (VP to (VP be (NP-PRD the rule) (PP-LOC among (NP respondents)))))) .)) (TOP (S (NP-SBJ Most) (VP (VP own (NP (QP two to 10) stocks)) , and (VP buy or sell (ADVP-TMP (ADVP no more) (PP than (NP (NP three times) (NP-ADV a year)))))) .)) (TOP (S (S (NP-SBJ (QP Some 71) %) (VP had (VP bought (NP some stock) (PP-TMP in (NP the past year))))) ; (S (NP-SBJ (QP only 57) %) (VP had (VP sold (NP any)))) .)) (TOP (S But (NP-SBJ (NP the lurking shadow) (PP of (NP (NP 1987 's) stock-market crash))) (ADVP still) (VP seems (ADJP-PRD dark)) .)) (TOP (S (NP-SBJ (QP About 33) %) (VP considered (S (NP-SBJ another crash) `` (ADJP-PRD likely)) , '' (SBAR-ADV while (S (NP-SBJ (QP about 63) %) (VP said (SBAR 0 (S (NP-SBJ one) (VP is `` (ADJP-PRD unlikely)))))))) . '')) (TOP (S (NP-SBJ Those percentages) (ADVP hardly) (VP changed (PP-DIR from (NP (NP the previous year 's) poll))) .)) (TOP (S And (NP-SBJ (NP (NP the respondents ') commitment) (PP to (NP the stock market))) (VP remains (ADJP-PRD (ADJP somewhat lighter) (PP than (ADJP usual)))) .)) (TOP (S (NP-SBJ (NP (QP About 60) %) (PP of (NP them))) (VP said (SBAR 0 (S (NP-SBJ they) (VP would `` (ADVP ordinarily) '' (VP have (NP (NP (QP at least 25) %) (PP of (NP their money))) (PP-LOC-CLR in (NP stocks))))))) .)) (TOP (S But (PP-TMP as (PP of (NP August))) , (NP-SBJ (QP only 50) %) (ADVP actually) (VP had (NP (NP stock-market investments) (PP of (NP that size)))) .)) (TOP (S (NP-SBJ Most stock-market indexes) (VP were (VP hitting (NP all-time highs) (PP-TMP at (NP (NP around the time) (PP of (NP the poll)))))) .)) (TOP (S But (NP-SBJ it) (VP appears (SBAR that (S (NP-SBJ many Journal readers) (VP were (VP taking (NP that news) (PP-MNR as (NP (NP a sign (S (NP-SBJ *) (VP to (VP be (ADJP-PRD cautious))))) , (CONJP rather than) (NP a signal (S (NP-SBJ *) (VP to (VP jump (PP-DIR on (NP the bandwagon))))))))))))) .)) (TOP (S (NP-SBJ Mr. Dorfman) (VP covers (NP investing issues) (PP-LOC from (NP (NP The Wall Street Journal 's) New York bureau))) .)) (TOP (S (S-TPC-1 (NP-SBJ Canadian steel ingot production) (VP totaled (NP 276,334 metric tons) (PP-TMP in (NP (NP the week) (VP ended (NP-TMP Oct. 14)))) , (ADVP down (NP 5.3 %) (PP from (NP (NP (NP the preceding week 's) total) (PP of (NP 291,890 tons))))))) , (NP-SBJ (NP Statistics Canada) , (NP a federal agency) ,) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The week 's) total) (VP was (ADVP-PRD down (NP 7.1 %) (PP from (NP 297,446 tons) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ A metric ton) (VP is (ADJP-PRD equal (PP to (NP 2,204.62 pounds)))) .)) (TOP (S (NP-SBJ (NP The cumulative total) (PP-TMP in (NP 1989))) (VP was (NP-PRD 12,283,217 tons) , (ADVP up (NP 7.5 %) (PP from (NP 11,429,243 tons) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ Health Care Property Investors Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP acquired (NP (NP three long-term care facilities) and (NP one assisted-living facility)) (PP-LOC in (NP (NP a purchase-and-lease transaction) (VP valued (NP *) (PP-CLR at (NP (QP $ 15 million) *U*))))))))) .)) (TOP (S (NP-SBJ The real estate investment trust) (VP said (SBAR that (S (NP-SBJ it) (VP leased (NP the three Florida facilities) (PP-DTV to (NP (NP National Health Care Affiliates Inc.) (PP of (NP (NP Buffalo) , (NP N.Y))))))))) .)) (TOP (S (NP-SBJ Health Care Property) (VP holds (NP (NP an interest) (PP in (NP (NP 139 facilities) (PP-LOC in (NP 30 states)))))) .)) (TOP (S (NP-SBJ (NP Moody 's) Investors Service) (VP said (SBAR 0 (S (NP-SBJ it) (VP lowered (NP (NP its rating) (PP on (NP (NP (QP about $ 75 million) *U*) (PP of (NP (NP (NP this (NAC-LOC Chatsworth , Calif. ,) concern 's) convertible subordinated debentures) , (ADJP due (NP-TMP 2012)) ,))))) (PP-DIR to (NP Caa)) (PP-DIR from (NP B2)))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ the reduction) (VP reflects (NP (NP impaired business prospects) and (NP (NP reduced financial flexibility) (VP caused (NP *) (PP by (NP-LGS (NP continuing losses) (PP-LOC at (NP (NP the maker) (PP of (NP Winchester disk drives))))))))))))) .)) (TOP (NP-HLN VALLEY National Corp. --)) (TOP (S (NP-SBJ (NP Moody 's) Investors Service Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP lowered (NP (NP its rating) (PP on (NP (NP (QP about $ 400 million) *U*) (PP of (NP this (NP bank holding company 's) senior debt))))) (PP-DIR to (NP B2)) (PP-DIR from (NP Ba3)))))) .)) (TOP (S (NP-SBJ Moody 's) (VP said (SBAR (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ (NP Valley National) , (PP of (NP (NP Phoenix) , (NP Ariz.))) ,) (VP to (VP make (NP (NP substantial further provisions) (PP against (NP its real-estate portfolio))))))))) , and (SBAR that (S (NP-SBJ-1 it) (VP continues (S (NP-SBJ *-1) (VP to (VP suffer (PP-CLR (PP from (NP (NP the high cost) (PP of (S-NOM (NP-SBJ *) (VP carrying (NP nonperforming assets)))))) , and (PP from (NP high loan-loss provisions))))))))))) .)) (TOP (S (NP-SBJ (NP Electronic theft) (PP by (NP (NP (ADJP foreign and industrial) spies) and (NP disgruntled employees)))) (VP is (VP (VP costing (NP U.S. companies) (NP billions)) and (VP eroding (NP their international competitive advantage)))) .)) (TOP (S (NP-SBJ That) (VP was (NP-PRD (NP the message) (VP delivered (NP *) (PP by (NP-LGS government and private security experts)) (PP-LOC at (NP (NP an all-day conference) (PP on (NP corporate electronic espionage))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (ADJP Hostile and even friendly) nations) (ADVP routinely) (VP (VP steal (NP information) (PP-CLR from (NP U.S. companies))) and (VP share (NP it) (PP-CLR with (NP their own companies))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Noel D. Matchett) , (UCP (NP (NP a former staffer) (PP-LOC at (NP the federal National Security Agency))) and (RRC (ADVP-TMP now) (NP (NP president) (PP of (NP (NP Information Security Inc.) , (NP-LOC (NP Silver Spring) , (NP Md)))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ It) `` (VP may (ADVP well) (VP be '' (SBAR-PRD that (S (NP-SBJ (NP theft) (PP of (NP business data))) (VP is (NP-PRD `` (NP (ADJP as serious) a strategic threat) (PP to (NP national security)) '' (SBAR as (S (NP-SBJ it) (VP is (NP-PRD (NP a threat) (PP to (NP (NP the survival) (PP of (NP victimized U.S. firms))))))))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Michelle Van Cleave) , (NP (NP (NP the White House 's) assistant director) (PP for (NP National Security Affairs)))) .)) (TOP (S (NP-SBJ-1 The conference) (VP was (ADVP jointly) (VP sponsored (NP *-1) (PP by (NP-LGS (NP (NP the (NAC New York Institute (PP of (NP Technology))) School) (PP of (NP Management))) and (NP (NP the Armed Forces Communications and Electronics Association) , (NP a joint industry-government trade group)))))) .)) (TOP (S-3 (NP-SBJ-1 Any secret) (VP can (VP be (VP pirated (NP *-1) (PRN , (S (NP-SBJ the experts) (VP said (SBAR 0 (S *T*-3)))) ,) (SBAR-ADV if (S (NP-SBJ-2 it) (VP is (VP transmitted (NP *-2) (PP-MNR over (NP the air))))))))) .)) (TOP (S (NP-SBJ Even rank amateurs) (VP can (VP do (NP it) (SBAR-ADV if (S (NP-SBJ they) (VP spend (NP a few thousand dollars) (PP-CLR for (NP (NP (NP a (ADJP commercially available) microwave receiver) (PP with (NP amplifier))) and (NP a VCR recorder)))))))) .)) (TOP (S (NP-SBJ-1 They) (VP need (ADVP only) (S (NP-SBJ *-1) (VP (VP position (NP themselves) (PP-LOC-CLR near (NP (NP a company 's) satellite dish))) and (VP wait)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ You) (VP can (VP have (S (NP-SBJ a dozen competitors) (VP stealing (NP your secrets)) (PP at (NP the same time)))))) , '' (NP-SBJ-2 Mr. Matchett) (VP said (S *T*-1) , (S-ADV (NP-SBJ *-2) (VP adding : `` (S (NP-SBJ It) (VP 's (NP-PRD a (ADJP pretty good) bet (SBAR 0 (S (NP-SBJ-3 they) (VP wo n't (VP get (VP caught (NP *-3)))))))))))) . '')) (TOP (S-2 (NP-SBJ (NP The only way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP catch (NP an electronic thief) (ADVP-MNR *T*-1)))))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) (VP is (S-PRD (NP-SBJ *) (VP to (VP set (NP him) (PRT up) (PP-MNR with (NP erroneous information)))))) .)) (TOP (S (S-TPC-1 (SBAR-ADV Even though (S (NP-SBJ electronic espionage) (VP may (VP cost (NP U.S. firms) (NP (NP (NP billions) (PP of (NP dollars))) (NP-ADV a year)))))) , (NP-SBJ most) (VP are n't (ADVP yet) (VP taking (NP precautions)))) , (NP-SBJ the experts) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ-1 European firms) (VP (VP will (VP spend (NP (QP $ 150 million) *U*) (NP-TMP this year) (PP-CLR on (NP electronic security)))) , and (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP spend (NP (QP $ 1 billion) *U*) (PP-TMP by (NP 1992)))))))) .)) (TOP (S (S-TPC-1 (ADVP Already) (NP-SBJ (NP many foreign firms) , (ADVP especially) (NP banks) ,) (VP have (NP their own cryptographers))) , (NP-SBJ conference speakers) (VP reported (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP Still) , (S-NOM-SBJ (NP-SBJ *) (VP encrypting (NP corporate communications))) (VP is (ADVP only) (NP-PRD a partial remedy)) .)) (TOP (S (NP-SBJ (NP One expert) , (SBAR (WHNP-1 whose job) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD (ADJP so politically sensitive) (SBAR that (S (NP-SBJ he) (VP spoke (PP-MNR on (NP condition (SBAR that (S (NP-SBJ-2 he) (VP would n't (VP be (VP named or quoted (NP *-2))))))))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the expected influx) (PP of (NP (ADJP East European) refugees)) (PP-TMP over (NP the next few years))) (VP will (ADVP greatly) (VP increase (NP (NP the chances) (PP of (S-NOM (NP-SBJ computer-maintenance workers) , (PP for (NP example)) , (VP doubling (PP-CLR as (NP foreign spies))))))))))) .)) (TOP (S-2 (ADVP Moreover) , (PRN (S (NP-SBJ he) (VP said (S *T*-2)))) , (NP-SBJ (NP technology) (PP *ICH*-3)) (ADVP-TMP now) (VP exists (PP-3 for (S-NOM (NP-SBJ *) (VP stealing (NP corporate secrets) (SBAR-TMP after (S (NP-SBJ-1 they) (VP 've (VP been (VP `` erased (NP *-1) '' (PP-CLR from (NP (NP a computer 's) memory))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR (SBAR that (S (NP-SBJ (NP Oliver North) (PP of (NP Iran-Contra notoriety))) (VP thought (SBAR 0 (S (NP-SBJ he) (VP had (VP erased (NP his computer)))))))) but (SBAR that (S (NP-SBJ-1 the information) (VP was (ADVP-TMP later) (VP retrieved (NP *-1) (SBAR-PRP for (S (NP-SBJ congressional committees) (VP to (VP read)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP No personal computer) (PRN , (ADVP not even) (NP (NP the one) (PP-LOC on (NP (NP a chief executive 's) desk))) ,)) (VP is (ADJP-PRD safe))) , (NP-SBJ this speaker) (VP noted (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP W. Mark Goode) , (NP (NP president) (PP of (NP (NP Micronyx Inc.) , (NP (NP a (NAC-LOC Richardson , Texas ,) firm) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (NP computer-security products)))))))) ,) (VP provided (NP (NP a new definition) (PP for (NP (NP (NP Mikhail Gorbachev 's) campaign) (PP for (NP greater openness)) , (VP known (NP *) (ADVP-MNR commonly) (PP-CLR as (NP glasnost))))))) .)) (TOP (S-1 (PP-LOC Under (NP Mr. Gorbachev)) , (PRN (S (NP-SBJ Mr. Goode) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the Soviets) (VP are (ADVP-MNR openly) (VP stealing (NP Western corporate communications))) .)) (TOP (S (NP-SBJ He) (VP cited (NP (NP the case) (PP of (NP (NP a Swiss oil trader) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (ADVP-TMP recently) (VP put (PRT out) (NP (NP bids) (PP *ICH*-1)) (PP-MNR via (NP telex)) (PP-1 for (NP (NP an oil tanker) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP pick (PRT up) (NP (NP a cargo) (PP of (NP crude))) (PP-LOC in (NP the Middle East))))))))))))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-3 Among (NP (NP the responses) (SBAR (WHNP-2 0) (S (NP-SBJ the Swiss trader) (VP got (NP *T*-2)))))) (VP was (PP-LOC-PRD *T*-3)) (NP-SBJ (NP one) (PP from (NP (NP the Soviet national shipping company) , (SBAR (WHNP-1 which) (S (NP-SBJ-4 *T*-1) (VP had n't (VP been (VP invited (NP-5 *-4) (S (NP-SBJ *-5) (VP to (VP submit (NP a bid)))))))))))) .)) (TOP (S (NP-SBJ (NP The Soviets ') eavesdropping) (VP paid (PRT off) , (ADVP however) , (SBAR-PRP because (S (NP-SBJ they) (VP got (NP the contract))))) .)) (TOP (S (NP-SBJ-1 (NP The University) (PP of (NP Toronto))) (VP stepped (ADVP deeper) (PP-DIR into (NP (NP the contest) (PP for (NP Connaught BioSciences Inc.)))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP reaching (NP an unusual agreement) (PP-CLR with (NP (NP Ciba-Geigy Ltd.) and (NP Chiron Corp))))))) .)) (TOP (S (NP-SBJ The University) (VP said (SBAR 0 (S (NP-SBJ-1 the two companies) (VP agreed (S (NP-SBJ *-1) (VP to (VP spend (NP (NP (QP 25 million) Canadian dollars) -LRB- (NP (QP $ 21.3 million) *U*) -RRB-) (PP-TMP over (NP 10 years)) (PP-CLR on (NP (NP research) (PP-LOC at (NP Canadian universities))))))) (SBAR-ADV if (S (NP-SBJ-2 they) (VP are (ADJP-PRD successful) (PP-LOC in (S-NOM (NP-SBJ *-2) (VP acquiring (NP the vaccine maker))))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ (QP $ 10 million) *U*) (VP would (VP go (PP-DIR to (NP (NP the University) (PP of (NP Toronto))))))))) .)) (TOP (S (S (NP-SBJ (NP Ciba-Geigy) and (NP Chiron)) (VP have (VP made (NP (NP a joint bid) (PP of (NP (QP C$ 866 million) *U*)) (PP for (NP Connaught)))))) , and (S (NP-SBJ (NP Institut Merieux S.A.) (PP of (NP France))) (VP has (VP made (NP (NP a rival bid) (PP of (NP (QP C$ 942 million) *U*)))))) .)) (TOP (S (NP-SBJ-2 The University) (VP is (VP seeking (NP (NP an injunction) (PP against (NP the Merieux bid))) , (S-ADV (NP-SBJ *-2) (VP arguing (SBAR that (S (NP-SBJ (NP Connaught 's) predecessor company) (VP agreed (PP-TMP in (NP 1972)) (SBAR that (S (NP-SBJ-1 (NP Connaught 's) ownership) (VP would n't (VP be (VP transferred (NP *-1) (PP-DTV to (NP foreigners)))))))))))))) .)) (TOP (S (NP-SBJ The university) (VP implied (SBAR that (S (NP-SBJ it) (VP would (VP drop (NP (NP its opposition) (PP to (NP foreign ownership))) (SBAR-ADV if (S (NP-SBJ (NP Ciba-Geigy) and (NP Chiron)) (VP are (ADJP-PRD successful (PP with (NP their lower bid))))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ the new agreement) (VP would (VP `` replace '' (NP (NP the old one) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP forms (NP (NP the basis) (PP of (NP (NP its suit) (PP against (NP the Merieux takeover)))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (PP Notwithstanding (NP (NP foreign ownership) (PP of (NP Connaught)))) , (NP-SBJ this accord) (VP would (VP enhance (NP (NP research and development) (PP-LOC in (NP Canada)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP James Keffer) , (NP (NP (NP the university 's) vice president) (PP of (NP research)))) .)) (TOP (S (S (NP-SBJ Ciba-Geigy) (VP is (NP-PRD a Swiss pharmaceutical company))) and (S (NP-SBJ-1 Chiron) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Emeryville) , (NP Calif)))))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ (NP Jacques-Francois Martin) , (NP (NP director general) (PP of (NP Merieux))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the French company) (VP is (ADVP still) (ADJP-PRD determined (S (NP-SBJ *-1) (VP to (VP acquire (NP Connaught))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ he) (VP did n't (VP comment (ADVP-MNR directly) (PP-CLR on (NP (NP the pact) (PP between (NP (NP Ciba-Geigy) and (NP the university))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ Merieux) (VP can (VP transfer (NP new products and technologies) (PP-CLR to (NP Connaught)) (ADVP-MNR (ADVP more rapidly) (PP than (NP (NP other companies) `` (VP not (ADVP-TMP currently) producing and marketing (NP vaccines)) (SBAR -LCB- (WHNP-2 who) -RCB- (S (NP-SBJ *T*-2) (VP can (ADVP only) (VP promise (NP this) (PP-CLR for (NP (NP some ... years) (PP-TMP in (NP the future)))))))))))))))) . '')) (TOP (S (PP-LOC In (NP national over-the-counter trading)) (NP-TMP yesterday) , (NP-SBJ Connaught) (VP closed (PP-CLR at (NP $ 28.625 *U*)) , (ADVP up (NP $ 1.25 *U*))) .)) (TOP (S (NP-SBJ (NP Microsoft) and (NP other software stocks)) (VP surged , (S-ADV (NP-SBJ *) (VP leading (NP (NP the Nasdaq composite index) (PP of (NP over-the-counter stocks))) (PP-DIR to (NP (NP its biggest advance) (PP of (NP the year)))) (PP on (NP breathtaking volume))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Leading (NP the pack))) , (NP-SBJ-1 Microsoft) (VP soared (NP-EXT (NP (QP 3 3)) , or (NP 4 %) ,) (PP-DIR to (NP (NP a record price) (PP of (NP (QP 84 1))))) (PP on (NP 1.2 million shares))) .)) (TOP (S (PP On (NP the other hand)) , (NP-SBJ-1 Valley National) (VP tumbled (NP-EXT 24 %) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP reporting (NP a sizable third-quarter loss))))) .)) (TOP (S (NP-SBJ The Nasdaq composite) (VP leaped (NP-EXT (NP 7.52 points) , or (NP 1.6 %) ,) (PP-DIR to (NP 470.80))) .)) (TOP (S (NP-SBJ (NP Its largest previous rise) (NP-TMP this year)) (VP came (NP-TMP Aug. 7) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP gained (NP 4.31) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ (NP The OTC market 's) largest stocks) (VP soared (ADVP as well) , (SBAR-ADV as (S (NP-SBJ (NP the Nasdaq 100) Index) (VP jumped (NP-EXT (NP 10.01) , or (NP 2 %) ,) (PP-DIR to (NP 463.06)))))) .)) (TOP (S (NP-SBJ The Nasdaq Financial Index) (VP rose (NP-EXT (NP 5.04) , or (NP 1.1 %) ,) (PP-DIR to (NP 460.33))) .)) (TOP (S (PP By (NP comparison)) , (NP-SBJ (NP (NP the Dow Jones Industrials) and (NP the New York Stock Exchange Composite)) (NP each)) (VP rose (NP-EXT 1.5 %)) .)) (TOP (S (NP-SBJ Volume) (VP totaled (NP (NP (QP 173.5 million) shares) , (PP (NP-ADV 30 %) above (NP (NP (NP this year 's) average daily turnover) (PP-LOC on (NP Nasdaq)))))) .)) (TOP (S (PP-LOC Among (NP broader Nasdaq industry groups)) , (NP-SBJ the utility index) (VP gained (NP 18.11) (PP-DIR to (NP 761.38))) .)) (TOP (S (NP-SBJ (NP The transportation and insurance sectors) (NP each)) (VP posted (NP (NP gains) (PP of (NP 8.59))) , (PP with (S-NOM (S (NP-SBJ-1 the transports) (VP finishing (PP-CLR-2 at (NP 486.74)))) and (S (NP-SBJ=1 the insurers) (PP-CLR=2 at (NP 537.91)))))) .)) (TOP (S (S (NP-SBJ The Nasdaq industrial index) (VP climbed (NP-EXT 8.17) (PP-DIR to (NP 458.52)))) , and (S (NP-SBJ (NP the `` other finance '' index) , (VP made (PRT up) (NP *) (PP-CLR of (NP (NP commercial banks) and (NP real estate and brokerage firms)))) ,) (VP rose (NP-EXT 3.97) (PP-DIR to (NP 545.96)))) .)) (TOP (S (NP-SBJ (NP The index) (PP of (NP smaller banks))) (VP improved (NP-EXT 1.97)) .)) (TOP (S (PP-TPC-2 Of (NP (NP the 4,346 issues) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP changed (NP hands)))))) , (S (NP-SBJ (NP 1,435) (PP *T*-2)) (VP rose)) and (S (NP-SBJ (NP 629) (PP *T*-2)) (VP fell)) .)) (TOP (S (NP-SBJ (NP Jeremiah Mullins) , (NP (NP head) (PP of (NP OTC trading)) (PP-LOC at (NP Dean Witter Reynolds))) ,) (VP said (SBAR 0 (S (NP-SBJ (ADJP both institutional and retail) investors) (VP were (VP buying))))) .)) (TOP (S-1 (S But (NP-SBJ there) (VP was (NP-PRD (NP a dearth) (PP of (NP sellers))))) (PRN , (S (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1)))) ,) so (S (NP-SBJ-2 buyers) (VP had (S (NP-SBJ *-2) (VP to (VP bid (NP prices) (ADVP-DIR up)))) (S-PRP (NP-SBJ *-2) (VP to (VP entice (NP them)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ There) (VP 's (NP-PRD (NP no pressure) (PP on (NP OTC stocks))) (PP-TMP at (NP this point)))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Mr. Mullins) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ-3 some buyers) (VP are (VP beginning (S (NP-SBJ *-3) (VP to (VP shop (PP-LOC among (NP smaller OTC issues))))))))))))) .)) (TOP (S (NP-SBJ (NP Microsoft 's) surge) (VP followed (NP (NP a report) (NP-TMP this week) (PP of (NP (NP (ADJP substantially improved) earnings) (PP for (NP (NP its first quarter) , (VP ended (NP-TMP Sept. 30)))))))) .)) (TOP (S (NP-SBJ The stock) (VP was (VP trading (PP-CLR at (NP 69)) (ADVP-TMP (NP (QP just two) weeks) ago))) .)) (TOP (S (NP-SBJ-1 (NP Rick Sherlund) , (NP a Goldman Sachs analyst) ,) (VP has (VP raised (NP (NP (NP his earnings) estimates) (PP for (NP the company))) (ADVP twice) (PP-TMP in (NP the past two weeks)) , (S-ADV (NP-SBJ *-1) (VP citing (NP improved margins))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ-1 the earnings) (VP were (VP announced (NP *-1))))) , (NP-SBJ he) (VP raised (NP his fiscal 1990 estimate) (PP-DIR to (NP (NP (QP between $ 3.80 and $ 4) *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ Microsoft) (VP earned (NP (NP $ 3.03 *U*) (NP-ADV a share)) (PP-TMP in (NP fiscal 1989))) .)) (TOP (S (PP-LOC Among (NP other software issues)) , (S (NP-SBJ Autodesk) (VP jumped (NP-EXT (QP 1 1)) (PP-DIR to (NP 42)))) , (S (NP-SBJ Lotus Development) (VP was (ADJP-PRD unchanged) (PP at (NP (QP 32 1))))) , (S (NP-SBJ Novell) (VP jumped (NP-EXT 7) (PP-DIR to (NP (QP 30 3))))) , (S (NP-SBJ Ashton-Tate) (VP gained (NP 1) (PP-DIR to (NP (QP 10 5))))) , and (S (NP-SBJ Oracle Systems) (VP rose (NP-EXT 3) (PP-DIR to (NP (QP 25 3))))) .)) (TOP (S (NP-SBJ-1 (NP Caere) , (NP a new software issue) ,) (VP surged (PP-DIR from (NP (NP its offering price) (PP of (NP 12)))) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (QP 16 1))))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP makes (NP optical character recognition equipment)) .)) (TOP (S (NP-SBJ-1 Caere) (VP was (VP underwritten (NP *-1) (PP by (NP-LGS Alex . Brown & Sons)))) .)) (TOP (S (NP-SBJ (NP Another (ADJP recently offered) Alex . Brown issue) , (NP Rally 's) ,) (VP surged (NP-EXT (QP 3 1)) (PP-DIR to (NP 23))) .)) (TOP (S (NP-SBJ (NP The operator) (PP of (NP fast-food restaurants)) , (SBAR (WHNP-1 whose shares) (S (NP-SBJ-2 *T*-1) (VP began (S (NP-SBJ *-2) (VP trading)) (NP-TMP last Friday)))) ,) (VP climbed (NP-EXT (QP 3 1)) (PP-DIR to (NP 23)) (PP on (NP 944,000 shares))) .)) (TOP (S (NP-SBJ-1 Its (ADJP 1.7 million-share) offering) (VP was (VP priced (NP *-1) (PP-CLR at (NP 15)))) .)) (TOP (S (NP-SBJ (NP (NP Valley National 's) slide) (PP of (NP (QP 5 3) points)) (PP to (NP (QP 18 1))) (PP on (NP (QP 4.2 million) shares))) (VP followed (NP (NP its report) (NP-TMP late Wednesday) (PP of (NP a (ADJP (QP $ 72.2 million) *U*) third-quarter loss)))) .)) (TOP (S (PP-TMP In (NP the 1988 quarter)) , (NP-SBJ the (NAC-LOC Phoenix , Ariz. ,) commercial banking concern) (VP earned (NP (QP $ 18.7 million) *U*)) .)) (TOP (S (NP-SBJ Valley National) (VP said (SBAR 0 (S (NP-SBJ-1 its (NX (NX (NX (ADJP (QP $ 110 million) *U*) provision) (PP for (NP credit losses))) and (NX (NX (ADJP (QP $ 11 million) *U*) provision) (PP for (NP (NP other real estate) (VP owned (NP *))))))) (VP is (VP related (NP *-1) (PP-CLR to (NP (NP weakness) (PP-LOC in (NP the Arizona real estate market))))))))) .)) (TOP (S (ADVP Additionally) , (NP-SBJ (NP Moody 's) Investors Service) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP downgraded (NP (NP Valley National 's) senior debt)) and (VP confirmed (NP (NP (NP the company 's) commercial paper rating) (PP of `` (ADJP not prime)))))))) . '')) (TOP (S (NP-SBJ-1 (NP A new issue) , (NP Exabyte) ,) (VP surged (NP-EXT (QP 2 1)) (PP-DIR from (NP its initial offering price)) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP 12 1)))))) .)) (TOP (S (S (NP-SBJ The offering) (VP was (PP-PRD for (NP (NP (QP about 2.8 million) shares) (PP of (NP the data storage equipment maker)))))) ; (S (NP-SBJ (NP (QP more than 2.2 million) shares)) (VP changed (NP hands) (SBAR-TMP after (S (NP-SBJ trading) (VP began))))) .)) (TOP (S (NP-SBJ Dell Computer) (VP dropped (NP-EXT 7) (PP-DIR to (NP 6))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 (NP earnings) (PP for (NP (NP the year) (VP ending (NP-TMP Jan. 28 , 1990 ,))))) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP (QP 25 to 35) cents) (NP-ADV a share))))) , (PP compared (PP with (NP (NP a previous estimate) (PP of (NP (NP (QP 50 to 60) cents) (NP-ADV a share))))))))))) .)) (TOP (S (NP-SBJ Nutmeg Industries) (VP lost (NP-EXT (QP 1 3)) (PP-DIR to (NP 14))) .)) (TOP (S (NP-SBJ (NP Raymond James & Associates) (PP-LOC in (NP (NP St. Petersburg) , (NP Fla.) ,))) (VP lowered (NP (NP (NP its third-quarter earnings) estimate) (PP for (NP the company))) , (PP according (PP to (NP Dow Jones Professional Investor Report)))) .)) (TOP (S (NP-SBJ A.P. Green Industries) (VP advanced (NP-EXT (QP 1 5)) (PP-DIR to (NP (QP 36 1)))) .)) (TOP (S (NP-SBJ (NP East Rock Partners) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP indicated (SBAR 0 (S (NP-SBJ it) (VP might (VP make (NP (NP a bid) (PP for (NP the company))))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP A.P. Green) , (NP a refractory products maker) ,) (VP told (NP the partnership) (SBAR 0 (S (NP-SBJ it) (VP is n't (PP-PRD for (NP sale))))))))) .)) (TOP (S (NP-SBJ (NP Row 21) (PP of (NP (NP Section 9) (PP of (NP (NP the Upper Reserved) (PP-LOC at (NP Candlestick Park))))))) (VP is (NP-PRD (NP a lofty perch) , (NP (NP only a few steps) (PP from (NP (NP the very top) (PP of (NP the stands))))))) .)) (TOP (S (PP From (NP my orange seat)) , (NP-SBJ I) (VP looked (PP-DIR over (NP (NP the first-base line) and (NP the new-mown ball field))) (PP-LOC in (NP (NP the warm sun) (PP of (NP (NP the last few minutes) (PP-TMP before (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 *T*-1) (VP was (S (NP-SBJ *-2) (VP to (VP have (VP been (NP-PRD (NP the third game) (PP of (NP the World Series)))))))))))))))) .)) (TOP (S (S (NP-SBJ It) (VP was (NP-TMP-PRD (NP five) (PP in (NP the afternoon))))) , but (S (NP-SBJ that) (VP was (NP-PRD Pacific time))) .)) (TOP (S (S (ADVP-LOC Back (PP in (NP New York))) (NP-SBJ the work day) (VP was (ADVP-PRD already over))) , so (S (NP-SBJ-1 I) (VP did n't (VP have (S (NP-SBJ *-1) (VP to (VP feel (ADJP-PRD guilty))))))) .)) (TOP (S (ADVP Even still) , (S (NP-SBJ I) (VP did (VP feel (ADJP-PRD self-indulgent)))) , and (S (NP-SBJ-2 I) (VP could n't (VP help (S (NP-SBJ *-2) (VP remembering (NP (NP (NP my father 's) contempt) (PP for (NP (NP a rich medical colleague) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP would (VP go (S (NP-SBJ *-3) (VP to (VP watch (NP the Tigers) (PP-TMP on (NP summer afternoons))))))))))))))))) .)) (TOP (S (S (NP-SBJ (NP This ballpark) , (NP the Stick) ,) (VP was not (NP-PRD a classic baseball stadium))) -- (FRAG (ADJP too symmetrical) , (NP (ADJP too much) bald concrete)) .)) (TOP (S And (NP-SBJ it) (VP did n't (VP have (NP (NP the crowded wild intimacy) (PP of (NP Yankee Stadium))))) .)) (TOP (S But (NP-SBJ I) (VP (VP liked (NP (NP the easy friendliness) (PP of (NP (NP the people) (PP-LOC around (NP me)))))) , (VP liked (NP it) (SBAR that (S (NP-SBJ they) (VP 'd (VP brought (NP their children)))))) , (VP found (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD charming) (SBAR-1 that , (S (S-ADV (NP-SBJ *-2) (NP-PRD (NP true citizens) (PP of (NP (NP the state) (PP of (NP the future)))))) , (NP-SBJ-2 they) (VP had (VP brought (NP (ADJP so many) TVs and radios) (S-PRP (NP-SBJ *-2) (VP to (VP stay (PP-PRD in (NP (NP touch) (PP with (NP electroreality)))) (PP-LOC at (NP a live event)))))))))))) .)) (TOP (S (ADVP Maybe) (NP-SBJ it) (VP was (NP-PRD (NP their peculiar sense) (PP of (NP history)))) .)) (TOP (S (NP-SBJ The broadcasters) (VP were , (PP after (NP all)) , (VP (VP documenting (NP the game)) , (VP ratifying (NP its occurrence) (PP for (NP (NP millions) (PP-LOC outside (NP the Stick))))))) .)) (TOP (FRAG (WHADVP Why) not (VP watch or hear (S (NP-SBJ-1 your experience) (VP historicized (NP *-1))) (SBAR-TMP while (S (NP-SBJ you) (VP were (VP living (NP it)))))) ?)) (TOP (S (NP-SBJ-1 The day) (VP was (VP saturated (NP *-1) (PP-CLR with (NP (NP the weight) (PP of (NP its own impending history)))))) .)) (TOP (S (NP-SBJ-1 (NP Long lines) (PP of (NP people))) (VP waited (S (NP-SBJ *-1) (VP to (VP buy (NP (NP special souvenir World Series postcards) (PP with (NP official postmarks))))))) .)) (TOP (S (NP-SBJ (NP Thousands) (PP of (NP us))) (VP had (VP paid (NP $ 5 *U*) (PP-CLR for (NP (NP the official souvenir book) (PP with (NP (NP (NP its historical essays) (PP on (NP Series trivia))) , (NP (NP its historical photographs) (PP of (NP (NP great moments) (PP-TMP in (NP Series past))))) , and (NP (NP its instructions) , (PP in (NP English and Spanish)) , (PP for (S-NOM (NP-SBJ *) (VP filling (PRT in) (NP the scorecard))))))))))) .)) (TOP (S (NP-SBJ Pitcher) (VP = (NP lanzador)) .)) (TOP (S (NP-SBJ Homerun) (VP = (NP jonron)) .)) (TOP (S (S (NP-SBJ Players) (VP ran (ADVP-DIR out (PP on (NP (NP the field) (ADVP-LOC way below)))))) , and (S (NP-SBJ-1 the stands) (VP began (S (NP-SBJ *-1) (VP to (VP reverberate))))) .)) (TOP (S-2 (NP-SBJ It) (VP must (VP be (NP-PRD (NP a local custom) (S-NOM *ICH*-3)) (PRN , (S (NP-SBJ I) (VP thought (SBAR 0 (S *T*-2)))) ,) (S-NOM-3 (NP-SBJ-1 *) (VP stamping (NP feet) (S-PRP (NP-SBJ *-1) (VP to (VP welcome (NP the team)))))))) .)) (TOP (S But (ADVP then) (NP-SBJ the noise) (VP turned (PP-CLR into (NP a roar))) .)) (TOP (S And (NP-SBJ no one) (VP was (VP shouting)) .)) (TOP (S (NP-SBJ (NP No one) (PP-LOC around (NP me))) (VP was (VP saying (NP anything))) .)) (TOP (SBAR-TMP Because (S (NP-SBJ-1 (NP we) (NP all)) (VP were (ADJP-PRD busy (S (NP-SBJ *-1) (VP riding (NP a wave))))) .))) (TOP (S-NOM (NP-SBJ (NP (QP Sixty thousand) surfers) (PP-LOC atop (NP a concrete wall))) , (VP waiting (PP-CLR for (NP the wipeout))) .)) (TOP (SINV (PP-TMP (ADVP Only) at (NP (NP the moment) (PP of (NP maximum roll)))) did (NP-SBJ I) (VP grasp (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP was (VP going (PRT on)))))) .)) (TOP (S (ADVP Then) (NP-SBJ I) (VP remembered (NP (NP the quake) (PP of (NP '71)) , (SBAR (WHNP-1 which) (S (NP-SBJ I) (VP experienced (NP *T*-1) (PP-LOC in (NP Santa Barbara)) (PP-LOC in (NP a second-story motel room))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ (NP the swaying) (PP of (NP the building))) (VP woke (NP me) (PRT up) (ADVP-TMP *T*-2)))) , (NP-SBJ I) (VP reasoned (SBAR that (S (S (LST a -RRB-) (NP-SBJ I) (VP was (PP-LOC-PRD in (NP Southern California)))) ; (S (LST b -RRB-) (NP-SBJ the bed) (VP was (VP moving))) ; (S (LST c -RRB-) (NP-SBJ it) (VP must (VP be (NP-PRD (NP a Magic Fingers bed) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (VP short-circuited))))))))))) .)) (TOP (S (ADVP Then) (NP-SBJ I) (VP (VP noticed (SBAR 0 (S (NP-SBJ the overhead light) (VP was (VP swaying (PP-LOC on (NP its cord))))))) and (VP realized (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP had (VP happened)))))) .)) (TOP (SBARQ (WHNP-1 What) (SQ should (NP-SBJ I) (VP do (NP *T*-1))) ?)) (TOP (S (NP-SBJ *) (VP Get (PP-DIR out (PP of (NP the (ADJP possibly collapsing) building))) (PP-DIR to (NP the parking lot))) .)) (TOP (S But (S (NP-SBJ the lot) (VP might (VP split (PP-CLR into (NP crevasses))))) , so (S (NP-SBJ I) (VP had (ADVP better) (VP stand (PP-LOC on (NP (NP my car) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP probably) (VP was (ADJP-PRD (ADJP wider) (PP than (NP the average crevasse))))))))))) .)) (TOP (S (ADVP Fortunately) , (NP-SBJ the quake) (VP was (ADVP-PRD over) (SBAR-TMP before (S (NP-SBJ-1 I) (VP managed (S (NP-SBJ-2 *-1) (VP to (VP (VP run (ADVP-DIR out)) and (VP stand (S-ADV (NP-SBJ *-2) (ADJP-PRD naked)) (PP-LOC on (NP the hood)))))))))) .)) (TOP (S (PP-LOC At (NP the Stick)) , (SBAR-ADV while (S (NP-SBJ the world) (VP shook))) , (S (NP-SBJ I) (VP thought (PP-CLR of (NP that morning)))) and (ADVP then) (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP struck (NP me) (SBAR-1 that (S (NP-SBJ this time) (VP was (ADJP-PRD different)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ I) (VP survived))) , (NP-SBJ I) (VP would (VP have (VP achieved (NP (NP every journalist 's) highest wish)))) .)) (TOP (S (NP-SBJ I) (VP was (NP-PRD (NP an eyewitness) (PP of (NP (NP the (ADJP most newsworthy) event) (PP-LOC on (NP the planet)) (PP-TMP at (NP that moment)))))) .)) (TOP (SBARQ (WHNP-1 What) (SQ (NP-SBJ *T*-1) (VP was (NP-PRD my angle))) ?)) (TOP (SBARQ (WHADVP-1 How) (SQ would (NP-SBJ I) (VP file (ADVP-MNR *T*-1))) ?)) (TOP (S (NP-SBJ All these thoughts) (VP raced (PP-DIR through (NP my head)) (PP-TMP in (NP (NP the 15 seconds) (PP of (NP (NP the earthquake 's) actual duration))))) .)) (TOP (S (NP-SBJ The rest) (VP is , (PP of (NP course)) , (NP-PRD history)) .)) (TOP (S (NP-SBJ The Stick) (VP did n't (VP fall)) .)) (TOP (S (NP-SBJ The real tragedies) (VP occurred (ADVP-LOC elsewhere) , (SBAR-ADV as (S (NP-SBJ we) (ADVP-TMP soon) (VP found (PP out))))) .)) (TOP (S But (PP-TMP for (NP a few minutes)) (ADVP-LOC there) , (NP-SBJ relief) (VP abounded) .)) (TOP (S (NP-SBJ A young mother) (VP found (NP (NP her boy) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP had (VP been (ADVP-PRD out) (S-ADV (NP-SBJ *-2) (VP buying (NP a hotdog))))))))) .)) (TOP (S (S (NP-SBJ (NP The wall) (PP-LOC behind (NP me))) (VP was (ADJP-PRD slightly deformed))) , but (S (NP-SBJ the center) (VP had (VP held))) .)) (TOP (S And (NP-SBJ (NP most) (PP of (NP us))) (VP waited (PP-TMP for (NP a while)) (SBAR for (S (NP-SBJ the game) (VP to (VP start))))) .)) (TOP (S (ADVP Then) (NP-SBJ-1 we) (VP began (S (NP-SBJ *-1) (VP to (VP file (ADVP-DIR out)))) , (S-PRP (NP-SBJ *-1) (VP to (VP wait (ADVP-MNR safely) (PP-LOC on (NP terra firma)) (PP-CLR for (NP the opening pitch)))))) .)) (TOP (S-CLF (NP-SBJ It) (VP was (PP-TMP-PRD during (NP (NP the quiet exodus) (PP down (NP (NP the pristine concrete ramps) (PP of (NP the Stick)))))) (SBAR (WHADVP-1 that) (S (NP-SBJ I) (ADVP really) (VP understood (NP (NP the point) (PP of (NP all those Walkmen and Watchmen))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ The crowd) (VP moved (PP-MNR in (NP (NP clumps) , (NP (NP clumps) (VP magnetized (NP *) (PP-LOC around (NP an electronic nucleus))))))) .)) (TOP (S (PP-MNR In (NP this way)) , (SBAR-ADV while (S (NP-SBJ (NP the Stick) (NP itself)) (VP was (VP blacked (PRT out))))) , (NP-SBJ we) (VP kept (PP-CLR up (PP to (NP date))) (PP-CLR on (NP events))) .)) (TOP (S (PP-TMP Within (NP (NP 15 minutes) (PP of (NP (NP the quake) (NP itself))))) , (NP-SBJ-1 I) (VP was (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP see (NP (NP pictures) (PP of (NP (NP the collapsed section) (PP of (NP the Bay Bridge)))))))))) .)) (TOP (S (NP-SBJ (NP (ADJP Increasingly accurate) estimates) (PP of (NP (NP the severity) (PP of (NP the quake))))) (VP became (ADJP-PRD available) (SBAR-TMP before (S (NP-SBJ I) (VP got (PP-DIR to (NP my car)))))) .)) (TOP (S And (PP-TMP by (ADVP then)) , (NP-SBJ expensive automobile sound systems) (VP were (VP keeping (S (NP-SBJ (NP the gridlocked parking lot) (PP-LOC by (NP the bay))) (ADJP-PRD informed (PP about (NP (NP the fire) (VP causing (NP (NP the big black plume) (PP of (NP smoke)) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP saw (NP *T*-1) (PP-LOC on (NP the northern horizon))))))))))))) .)) (TOP (S (NP-SBJ Darkness) (VP fell) .)) (TOP (S But (NP-SBJ the broadcasts) (VP continued (PP-TMP through (NP the blacked-out night)) , (PP with (NP (NP pictures) (PP of (NP (NP (NP the sandwiched highway ganglion) (PP-LOC in (NP Oakland))) and (NP (NP firefighting) (PP-LOC in (NP the Marina district)))))))) .)) (TOP (S (PP-TMP By (ADVP then)) , (NP-SBJ-1 (NP our little sand village) (PP of (NP cars))) (VP had (VP been (VP linked (NP *-1) (PP-CLR with (NP (NP a global village) (PP of (NP listeners and viewers))))))) .)) (TOP (S (NP-SBJ (NP Everyone) (RRC (PP-LOC at (NP the Stick)) (NP-TMP that day))) (VP had (VP (VP started (PRT out) (PP-MNR as (NP a spectator))) and (VP ended (PRT up) (PP-MNR as (NP a participant))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ (NP the entire population) (PP of (NP the Bay Area))) (VP had (VP ended (PRT up) (PP-MNR with (NP (NP this dual role) (PP of (NP actor and audience)))))) .)) (TOP (S (S (NP-SBJ The reporters) (VP were (NP-PRD victims))) and (S (NP-SBJ (NP some) (PP of (NP the victims))) (VP turned (PP-CLR into (NP unofficial reporters)))) .)) (TOP (S (NP-SBJ (NP The outstanding example) (PP of (NP this))) (VP was (NP-PRD (NP the motorist) (PP-LOC on (NP the Bay Bridge)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (NP (NP the presence) (PP of (NP mind)) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP (VP take (PRT out) (NP a video camera) (PP-TMP at (NP the (ADJP absolutely crucial) moment))) and (VP record (NP (NP the car) (PP-LOC in (NP front))) (SBAR-ADV as (S (NP-SBJ it) (VP fell (PP-DIR into (NP (NP the gap) (PP-LOC in (NP the roadway)))))))) (ADVP-MNR *T*-2))))))))))) .)) (TOP (S (NP-SBJ The tape) (VP was (PP-LOC-PRD on (NP tv)) (SBAR-TMP before (S (NP-SBJ the night) (VP was (ADVP-PRD out))))) .)) (TOP (S (NP-VOC Marshall McLuhan) , (NP-SBJ you) (VP should (VP have (VP been (ADVP-LOC-PRD there) (PP-TMP at (NP that hour))))) .)) (TOP (S (NP-SBJ-1 (NP Investors) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP received (NP (NP Shearson Lehman Hutton Inc. 's) latest stock commentary))))) (VP may (VP be (VP left (NP *-1) (PP-MNR with (NP blank expressions))))) .)) (TOP (S (NP-SBJ (NP The first 10 pages) (PP of (NP the 76-page Weekly Portfolio Perspective))) (VP are (ADJP-PRD completely blank) , (PP except (PP for (NP the page numbers)))) .)) (TOP (S (ADVP Rather (PP than (NP printing devils))) , (NP-SBJ Shearson) (VP puts (NP all the blame) (PP-PUT on (NP the unpredictable stock market))) .)) (TOP (S (NP-SBJ The plunge) (VP made (S (NP-SBJ (NP Shearson 's) market commentary) (ADVP-TMP instantly) (PP-PRD out (PP of (NP date))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ (NP (NP last Friday 's) 190.58-point tumble) (PP-LOC in (NP the stock market))) (VP caught (NP many people and businesses) (PP-CLR by (NP surprise)) , (S-ADV (NP-SBJ (NP not the least) (PP of (NP them))) (NP-PRD (NP brokerage firms) (PP such as (NP (NP Shearson) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP print (NP their weekly market commentaries) (PP-TMP on (NP Fridays)) (PP for (NP (NP dissemination) (NP-TMP the following week))))))))))) .)) (TOP (S (S (NP-SBJ (NP Shearson) , (NP (NP a 62%-owned unit) (PP of (NP American Express Co.))) ,) (VP did n't (VP have (NP (NP enough time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP update (NP its market commentary) (ADVP-TMP *T*-1))))))))) so , `` (S-3 (NP-SBJ-2 We) (VP decided (S (NP-SBJ *-2) (VP to (VP kill (NP our strategy pieces)))))) , '' (PRN (SINV (VP says (S *T*-3)) (NP-SBJ (NP Jack Rivkin) , (NP (NP the head) (PP of (NP (NP Shearson 's) research department)))))) .)) (TOP (S (S (NP-SBJ (NP The first thought) (SBAR (WHNP-1 0) (S (NP-SBJ some investors) (VP had (NP *T*-1))))) (VP was (SBAR-PRD that (S (NP-SBJ a red-faced Shearson) (VP must (VP have (VP been (ADJP-PRD wildly bullish (PP on (NP stocks))) (PP-LOC in (NP its original commentary))))))))) , and (S (NP-SBJ that) (VP 's (SBAR-PRP-PRD (WHADVP-2 why) (S (NP-SBJ it) (VP purged (NP its pages) (ADVP-PRP *T*-2)))))) .)) (TOP (S (NP-SBJ Investors) (VP recalled (SBAR that (S (NP-SBJ Shearson) (NP-TMP last week) (VP had (VP been (VP advising (SBAR that `` (S (NP-SBJ the market) (VP is (ADVP still) (VP exhibiting (NP (NP all the signs) (PP of (NP a further advance))))))))))))) . '')) (TOP (S (NP-SBJ Many other brokerage firms) (VP had (NP (ADJP similarly bullish) views)) .)) (TOP (S But (NP-SBJ Mr. Rivkin) (VP insists (SBAR that (S (NP-SBJ-1 the 10 pages) (VP were n't (VP pulled (NP *-1) (SBAR-PRP because (S (NP-SBJ they) (VP were (ADJP-PRD too bullish))))))))) .)) (TOP (S-1 (ADVP Instead) , (PRN (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) `` (S (NP-SBJ they) (VP were (ADJP-PRD cautious))) , and (S (NP-SBJ that) (VP was n't (NP-PRD (NP the message) (SBAR (WHNP-2 0) (S (NP-SBJ we) (VP wanted (S (NP-SBJ *) (VP to (VP deliver (NP *T*-2)))))))) '' (PP-TMP on (NP Monday)))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ Mr. Rivkin) (VP explains (NP it)))) , `` (NP-SBJ We) (VP were (VP raising (NP (NP (NP some caution flags) (PP about (NP (NP rate rises) (PP-LOC in (NP Europe))))) and (NP (NP concerns) (PP about (NP the LBO market)))))) .)) (TOP (S And (PP-TMP by (NP late Friday afternoon)) , (ADVP actually) (PP-TMP after (NP the close)) , (NP-SBJ we) (VP decided (SBAR 0 (S (NP-SBJ that) (VP was (NP-PRD (NP the wrong tone) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP take (NP *T*-1)))))))))) .)) (TOP (S (SBAR-ADV With (S (NP-SBJ the market) (ADVP-PRD down))) , (NP-SBJ-1 we) (VP wanted (S (NP-SBJ *-1) (VP to (VP tell (NP-2 people) (S (NP-SBJ *-2) (VP to (VP put (NP their orders) (PRT in) (PP-TMP on (NP the opening))))))))) . '')) (TOP (S (PP-TMP Both before and after (NP the Friday plunge)) , (NP-SBJ Shearson) (VP has (VP maintained (NP (NP a recommended portfolio weighting) (PP of (NP (NP (ADJP 65 %) stocks) , (NP (ADJP 20 %) bonds) and (NP (ADJP 15 %) cash)))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Sheldon B. Lubar) , (NP (NP chairman) (PP of (NP Lubar & Co.))) ,) and (NP (NP John L. Murray) , (NP (NP chairman) (PP of (NP Universal Foods Corp.))) ,)) (VP were (VP elected (NP *-1) (PP-CLR to (NP (NP the board) (PP of (NP this engine maker)))))) .)) (TOP (S (NP-SBJ They) (VP succeed (NP (NP (NP Robert W. Kasten) and (NP John R. Parker)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP reached (NP the mandatory retirement age)))))) .)) (TOP (S (NP-SBJ-1 (NP (NP China 's) slide) (PP toward (NP recession))) (VP is (VP beginning (S (NP-SBJ *-1) (VP to (VP look (PP-CLR like (NP a free fall))))))) .)) (TOP (S (PP-LOC In (NP (NP a report) (PP on (NP (NP China 's) foundering economy)))) , (NP-SBJ the official State Statistical Bureau) (VP disclosed (SBAR that (S (NP-SBJ (NP industrial output) (NP-TMP last month)) (VP (VP rose (NP-EXT 0.9 %) (PP-DIR from (ADVP-TMP (NP a year) earlier))) - (NP (NP the lowest growth rate) (PP in (NP a decade)) (PP for (NP September))))))) .)) (TOP (S (NP-SBJ Retail sales) (VP are (VP plummeting , (SBAR-ADV while (S (NP-SBJ consumer prices) (ADVP still) (VP are (VP rising)))))) .)) (TOP (S (NP-SBJ (ADJP Chinese and foreign) economists) (ADVP-TMP now) (VP predict (NP (NP prolonged stagflation) : (NP (NP low growth) and (NP high inflation)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The economy) (VP is (VP crashing (ADVP-MNR hard)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP an Asian economist) (PP-LOC in (NP Beijing))) .)) (TOP (S `` (NP-SBJ The slowdown) (VP is (VP taking (NP-CLR hold) (ADVP-MNR (ADVP (NP-ADV a lot) more quickly and devastatingly) (SBAR than (S (NP-SBJ anyone) (VP had (VP expected))))))) . '')) (TOP (S (NP-SBJ A lengthy recession) , (SBAR-ADV if (S (NP-SBJ it) (VP materializes))) , (VP would (VP (VP drain (NP state coffers)) and (VP create (NP (NP severe hardships) (PP for (NP urban workers)))))) .)) (TOP (S (NP-SBJ Experts) (VP predict (SBAR 0 (S (NP-SBJ-1 the coming year) (VP will (VP be (VP characterized (NP *-1) (PP by (NP-LGS (NP (ADJP flat or negative) industrial growth) , (NP rising unemployment) and (NP a widening budget deficit))))))))) .)) (TOP (S (SBAR-ADV Unless (S (NP-SBJ the government) (ADVP suddenly) (VP reverses (NP course)))) , (NP-SBJ (NP wages) (PP for (NP most workers))) (VP wo n't (VP keep (NP-CLR pace) (PP-CLR with (NP inflation)) , (S-ADV (NP-SBJ *) (VP creating (NP (NP a potential source) (PP of (NP urban unrest))))))) .)) (TOP (S (NP-SBJ (NP The economy 's) slowdown) (VP is (ADJP-PRD due (ADVP only partly) (PP to (NP (NP the austerity program) (VP launched (NP *) (PP-TMP in (NP September 1988)) (S-PRP (NP-SBJ *) (VP to (VP (VP cool (NP an overheated economy)) and (VP tame (NP inflation)))))))))) .)) (TOP (S -LRB- (NP-SBJ Industrial output) (VP surged (NP-EXT 21 %) (PP-TMP in (NP 1988)) , (SBAR-ADV while (S (NP-SBJ inflation) (VP peaked (NP-TMP last February) (PP-CLR at (NP nearly 30 %)))))) . -RRB-)) (TOP (S (NP-SBJ The slowdown) (ADVP also) (VP results (PP-CLR from (NP (NP chronic (UCP energy and raw-materials) shortages) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP force (S (NP-SBJ many factories) (VP to (VP restrict (NP operations) (PP-CLR to (NP (NP (QP two or three) days) (NP-ADV a week)))))))))))) .)) (TOP (S (PP-LOC In (NP Western , market-driven countries)) , (NP-SBJ recessions) (ADVP-TMP often) (VP have (NP (NP a bright side) : (S-NOM (NP-SBJ *) (VP prodding (NP the economy) (PP-CLR to (NP greater efficiency)))))) .)) (TOP (S (PP-LOC In (NP China)) , (ADVP however) , (NP-SBJ-1 there) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (NP-PRD any silver lining))))) (SBAR-PRP because (S (NP-SBJ the economy) (VP remains (VP guided (ADVP primarily) (PP by (NP the state))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ-2 China) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP shell (PRT out) (NP ever-greater subsidies) (PP-CLR to (NP (NP its coddled state-run enterprises) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP ate (PRT up) (NP (NP (QP $ 18 billion) *U*) (PP in (NP bailouts))) (NP-TMP last year))))))))))) .)) (TOP (SINV Nor are (NP-SBJ-1 (NP any) (PP of (NP these inefficient monoliths))) (ADJP-PRD likely (S (NP-SBJ-2 *-1) (VP to (VP be (VP allowed (S (NP-SBJ *-2) (VP to (VP go (ADJP-PRD bankrupt))))))))) .)) (TOP (S (ADVP Rather) , (NP-SBJ-1 (NP the brunt) (PP of (NP the slowdown))) (VP will (VP be (VP felt (NP-PRD *-1) (PP-LOC in (NP (NP the fast-growing (ADJP private and semi-private) `` township '' enterprises) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP have (VP fallen (PP-DIR into (NP disfavor)) (SBAR-ADV as (S (NP-SBJ (NP China 's) leaders) (VP re-emphasize (NP (NP an orthodox Marxist preference) (PP for (NP public ownership))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the going) (VP gets (ADJP-PRD rough) (ADVP-TMP *T*-1)))) , (NP-SBJ China) (VP (VP penalizes (NP the efficient)) and (VP rewards (NP the incompetent)))) , '' (VP says (S *T*-2)) (NP-SBJ a Western economist) .)) (TOP (S (NP-SBJ (NP Reports) (PP of (NP (NP an economy) (PP-LOC near (NP recession))))) (VP come (SBAR-TMP as (S (NP-SBJ officials) (VP prepare (NP a major Communist Party plenum) (PP for (NP (NP sometime) (PP in (NP the next few weeks)))))))) .)) (TOP (S (NP-SBJ-1 The meeting) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP call (PP-CLR for (NP (NP heightened austerity) (PP for (NP two years))))))))) .)) (TOP (S But (SBAR-ADV with (S (S (NP-SBJ industrial growth) (ADJP-PRD stagnant)) and (S (NP-SBJ inflation) (VP showing (NP (NP signs) (PP of (NP easing))))))) , (NP-SBJ some voices) (VP may (VP call (PP-CLR for (NP (NP measures) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP pump (NP new life) (PP-DIR into (NP the economy)))))))))) .)) (TOP (S (NP-SBJ Some analysts) (VP believe (SBAR 0 (S (NP-SBJ-1 China) (ADVP-TMP soon) (VP will (VP begin (S (NP-SBJ-2 *-1) (VP relaxing (NP economic controls) , (PP-MNR (ADVP particularly) by (S-NOM (NP-SBJ *-2) (VP loosening (NP credit))))))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP benefit (NP (NP (NP Chinese enterprises) (CONJP as well as) (NP Sino-foreign joint ventures)) , (SBAR (WHNP-2 (WHNP both) (WHPP of (WHNP which))) (S (NP-SBJ-1 *T*-2) (VP have (VP been (VP plagued (NP *-1) (PP by (NP-LGS (NP shortages) (PP of (NP working capital)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP A dangerous buildup) (NP-TMP this year) (PP of (NP (NP billions) (PP of (NP dollars)) (PP in (NP inter-company debts))))) (VP threatens , (SBAR-ADV if (S (NP-SBJ *-1) (ADJP-PRD unchecked))) , (S (NP-SBJ *-1) (VP to (VP bring (NP the economy) (PP-DIR to (NP a collapse)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP One sign) (PP of (NP (NP a possible easing) (PP of (NP credit policy))))) (VP was (NP-PRD (NP the decision (S *ICH*-3)) (NP-TMP this week) (PP of (NP (NP (NP (NP People 's) Bank) (PP of (NP China))) , (NP the central bank) ,)) (S-3 (NP-SBJ-1 *) (VP to (VP allocate (NP (NP (QP $ 5.4 billion) *U*) (PP in (NP short-term loans))) (S-PRP (NP-SBJ *-1) (VP to (VP pay (NP farmers) (PP-CLR for (NP the autumn harvest))))))))))) , (NP-SBJ the official China Daily) (VP reported (SBAR 0 (S *T*-2))) .)) (TOP (S But (SBAR-ADV while (S (S-NOM-SBJ (NP-SBJ *) (VP pumping (NP more money) (PP-DIR into (NP the economy)))) (VP would (VP bring (NP relief) (PP-DIR to (NP many industries)))))) , (NP-SBJ it) (ADVP also) (VP runs (NP (NP the risk) (PP of (S-NOM (NP-SBJ *) (VP triggering (NP (NP another period) (PP of (NP (NP runaway growth) and (NP steep inflation))))))))) .)) (TOP (S (NP-SBJ-1 The cycle) (VP has (VP been (VP repeated (NP *-1) (NP-TMP several times) (SBAR-TMP since (S (NP-SBJ-2 China) (VP began (S (NP-SBJ *-2) (VP reforming (NP its planned economy))) (PP-TMP in (NP 1979)))))))) .)) (TOP (S (S-TPC-1 And , (SBAR-PRP because (S (NP-SBJ (NP China 's) leaders) (VP have (VP abandoned (NP plans (S (NP-SBJ *) (VP to (ADVP drastically) (VP reform (NP the economy))))))))) , (NP-SBJ-2 it) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP continue)))))) , (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP (NP The statistical bureau 's) report) , (VP cited (NP *) (PP-LOC in (NP China Daily))) ,) (VP notes (SBAR that (S (NP-SBJ (NP industrial output) (PP-TMP in (NP September))) (VP (NP totaled (NP (QP $ 29.4 billion) *U*)) , (NP (NP a rise) (PP of (NP (QP just 0.9) %)) (PP from (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ Output) (VP declined (PP-LOC in (NP (NP several provinces) , (PP including (NP (NP (NP Jiangsu and Zhejiang) , (NP two key coastal areas) ,) and (NP (NP Sichuan) , (NP (NP the nation 's) agricultural breadbasket))))))) .)) (TOP (S (NP-SBJ (NP Production) (PP-LOC in (NP (NP Shanghai) , (NP (NP (NP China 's) industrial powerhouse) and (NP (NP the largest source) (PP of (NP tax revenue)) (PP for (NP the central government)))) ,))) (VP fell (NP-EXT 1.8 %) (PP for (NP the month))) .)) (TOP (S (S-TPC-1 (ADVP Nationwide) , (NP-SBJ (NP output) (PP of (NP light industrial products))) (VP (VP declined (NP-EXT 1.8 %)) -- `` (NP (NP the first decline) (PP-TMP in (NP 10 years))))) , '' (NP-SBJ a bureau spokesman) (VP told (NP China Daily) (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC In (NP an (ADJP unusually direct) statement)) , (NP-SBJ the bureau spokesman) (VP recommended (SBAR that (S (NP-SBJ state banks) (VP extend (NP more credit) (PP-DTV to (NP shopkeepers)) (SBAR-PRP so that (S (NP-SBJ they) (VP can (VP purchase (NP (NP manufacturers ') goods))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ This) (VP will (VP prevent (NP (NP a slide) (PP-LOC in (NP industrial production)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (ADVP otherwise) (VP cause (NP new panic buyings))))))))) , '' (NP-SBJ the spokesman) (VP said (S *T*-2)) .)) (TOP (S (S (NP-SBJ-1 (NP The 1986 tax overhaul) , (NP (NP the biggest achievement) (PP of (NP (NP President Reagan 's) second term))) ,) (VP is (VP beginning (S (NP-SBJ *-1) (VP to (VP fall (PRT apart))))))) , and (S (NP-SBJ interest groups) (VP are (VP lining (PRT up) (PP-CLR for (NP tax goodies)) (PP-LOC all over (NP Capitol Hill))))) .)) (TOP (S (NP-SBJ-1 Real-estate executives) (VP are (VP lobbying (S (NP-SBJ *-1) (VP to (VP ease (NP anti-tax-shelter rules)))))) .)) (TOP (S (NP-SBJ-2 Charitable groups) (VP are (VP trying (S (NP-SBJ *-2) (VP to (VP reinstate (NP (NP the write-off) (PP for (NP (NP contributions) (VP made (NP *) (PP by (NP-LGS (NP individuals) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP do n't (VP itemize (NP their deductions)))))))))))))))) .)) (TOP (S (NP-SBJ-1 Big auction houses) (VP want (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ collectibles) (ADJP-PRD eligible (PP for (NP lower capital-gains taxes)))))))) .)) (TOP (S And (NP-SBJ heavy-industry lobbyists) (VP are (ADVP-MNR quietly) (VP discussing (NP (NP the possibility) (PP of (S-NOM (NP-SBJ *) (VP reinstating (NP the investment tax credit))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Everything) (VP is (PP-PRD up (PP for (NP grabs))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Theodore Groom) , (NP (NP a lobbyist) (PP for (NP mutual life-insurance companies)))) .)) (TOP (SINV (VP Adds (S *ICH*-2)) (NP-SBJ (NP Robert Juliano) , (NP (NP the head lobbyist) (PP for (NP (NP a variety) (PP of (NP interests)) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP want (S (NP-SBJ *-3) (VP to (VP protect (NP (NP the tax deduction) (PP for (NP travel and entertainment expenses))))))))))))) : `` (S-2 (NP-SBJ It) (VP appears (SBAR as though (S (NP-SBJ the whole thing) (VP is (ADJP-PRD wide open) (ADVP again)))))) . '')) (TOP (S (NP-SBJ The catalyst) (VP has (VP been (NP-PRD (NP the congressional move (S (NP-SBJ *) (VP to (VP restore (NP (NP preferential tax treatment) (PP for (NP capital gains))))))) , (NP (NP an effort) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP succeed)))) (PP-LOC in (NP this Congress))))))))) .)) (TOP (S (NP-SBJ-1 (NP Other fundamental `` reforms '') (PP of (NP the 1986 act))) (VP have (VP been (VP threatened (NP *-1) (ADVP as well)))) .)) (TOP (S (NP-SBJ-1 The House) (ADVP-MNR seriously) (VP considered (S (NP-SBJ *-1) (VP raising (NP (NP the top tax rate) (VP paid (NP *) (PP by (NP-LGS (NP individuals) (PP with (NP the highest incomes))))))))) .)) (TOP (S (NP-SBJ-2 The Senate Finance Committee) (VP voted (S (NP-SBJ *-2) (VP (VP to (VP expand (NP (NP the deduction) (PP for (NP individual retirement accounts))))) , and (ADVP also) (VP to (VP bring (ADVP-DIR back) (NP (NP (NP income averaging) (PP for (NP farmers))) , (NP (NP a tax preference) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP allows (S (NP-SBJ income) (VP to (VP be (VP spread (PRT out) (PP-CLR over (NP several years)))))))))))))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP the same bill)))) , (NP-SBJ the finance panel) (ADVP also) (VP voted (PP-CLR in (NP (NP favor) (PP of (NP (NP billions) (PP of (NP dollars)) (PP in (NP (NP narrow tax breaks) (PP for (NP individuals and corporations)))))))) , (PP-LOC in (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP committee member Sen. David Pryor) (PRN -LRB- (NP (NP D.) , (NP-LOC Ark .)) -RRB-)) (VP calls (S (NP-SBJ *T*-1) (NP-PRD (NP a `` feeding frenzy '') (PP of (NP special-interest legislating))))))))) .)) (TOP (S (NP-SBJ The beneficiaries) (VP would (VP range (PP (PP from (NP pineapple growers)) (PP to (NP rich grandparents)) (PP to (NP tuxedo-rental shops))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP be (ADJP-PRD sure)))) , (NP-SBJ-3 the full Senate) , (S-ADV (NP-SBJ *-3) (VP facing (NP a fast-approaching budget deadline))) , (NP-TMP last Friday) (VP stripped (ADVP-CLR away) (NP (NP all) (PP of (NP (NP the tax breaks) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were (VP contained (NP *-1) (PP-LOC in (NP the Finance Committee bill)))))))))) .)) (TOP (S But (NP-SBJ (NP lawmakers) (PP of (NP both parties))) (VP agree (SBAR that (S (NP-SBJ the streamlining) (VP was (ADJP-PRD temporary))))) .)) (TOP (S (NP-SBJ (NP Other bills) (SBAR *ICH*-3)) (VP will (VP be (VP moving (ADVP-TMP soon) (SBAR-3 (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP carry (NP (NP many) (PP of (NP the tax cuts)) , (PP including (NP both the (UCP capital-gains and IRA) provisions))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ There) (VP is n't (NP-PRD any doubt (SBAR that (S (NP-SBJ-1 (NP the thread) (PP of (NP the '86 code))) (VP has (VP been (VP given (NP *-1) (NP a mighty tug))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Rep. Thomas Downey) (PRN -LRB- (NP (NP D.) , (NP-LOC N.Y .)) -RRB-)) .)) (TOP (S `` (NP-SBJ You) (VP 'll (VP see (NP (NP the annual unraveling) (PP of (NP it))))) . '')) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (ADVP-PRD back (PP to (NP tax-give-away time))) (PP for (NP the select few)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP (NP Rep. William Gray) (PP of (NP Pennsylvania))) , (NP (NP the third-ranking Democrat) (PP-LOC in (NP the House)))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Referring (PP-CLR to (NP (NP the chairmen) (PP of (NP the Senate and House tax-writing committees)))))) , (NP-SBJ-1 he) (VP adds , `` (S (NP-TMP Next year) , (NP-SBJ-2 every special-interest group) (VP is (VP going (S (NP-SBJ-3 *-2) (VP to (VP be (ADVP-LOC-PRD there) (S-ADV (NP-SBJ *-3) (VP knocking (PP-CLR (PP on (NP (NP Lloyd Bentsen 's) door)) , (PP on (NP (NP Danny Rostenkowski 's) door)))))))))))) . '')) (TOP (S (NP-SBJ Many groups) (VP are n't (VP waiting (NP-TMP that long))) .)) (TOP (S (NP-TMP Just last week) , (NP-SBJ-2 a House Ways and Means subcommittee) (VP held (NP a lengthy meeting) (S-PRP (NP-SBJ *-2) (VP to (VP hear (NP (NP the pleas) (PP of (NP (NP individual cities , companies and interest groups) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP want (S (NP-SBJ *-3) (VP to (VP open (NP their own special loopholes)))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ It) (VP 's (NP-PRD a Swiss-cheese factory))) and (S (NP-SBJ the cheese) (VP smells (ADJP-PRD pretty good)))) , '' (VP commented (S *T*-2)) (NP-SBJ (NP one veteran lobbyist) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (VP watching (NP the proceedings)))))) .)) (TOP (S (NP-SBJ-1 (NP Even lobbyists) (PP for (NP (NP heavy industry) , (NP (NP one) (PP of (NP the interests)) (VP hit (ADVP hardest) (PP-LOC in (NP the 1986 bill)))) ,))) (VP are (VP encouraged (NP *-1))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP The return) (PP of (NP (NP pro-investment tax breaks) (PP such as (NP (NP those) (PP for (NP (NP capital gains) and (NP IRAs)))))))) `` (VP creates (NP (NP more) (PP of (NP (NP (NP a mood) or (NP a mindset)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD helpful (PP for (S-NOM (NP-SBJ *) (VP getting (NP (NP (NP better depreciation) (PRN -LRB- (NP write-offs) -RRB-)) or (NP investment credits)))))))))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Paul Huard) , (NP (NP a vice president) (PP for (NP (NP the National Association) (PP of (NP Manufacturers)))))) .)) (TOP (S (NP-SBJ Corporate lobbyist Charls Walker) (VP is (VP planning (NP (NP a spring conference) (SBAR-PRP (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP discuss (SBAR (WHNP-1 what tax changes) (S (NP-SBJ *) (VP to (VP make (NP *T*-1) (S-PRP (NP-SBJ *) (VP to (VP improve `` (NP competitiveness)))))))) (ADVP-LOC *T*-2)))))))) . '')) (TOP (S (PP In (NP (NP reaction) (PP to (NP proposed capital-gains legislation)))) , (NP-SBJ-2 groups) (VP are (VP lobbying (S (NP-SBJ *-2) (VP to (VP make (ADJP sure (SBAR 0 (S (NP-SBJ-1 they) (VP are n't (VP left (NP *-1) (PP-CLR off (NP the gravy train)))))))))))) .)) (TOP (S (S (NP-SBJ Real-estate interests) , (PP for (NP example)) , (VP are (VP protesting (NP (NP an omission) (PP-LOC in (NP (NP President Bush 's) capital-gains proposal)))))) : (S (NP-SBJ It) (VP does n't (VP include (NP real-estate gains)))) .)) (TOP (SINV `` (S-TPC-4 (SBAR-ADV If (S (NP-SBJ-2 there) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP a tax scheme) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP contemplates (NP (NP lower treatment) (PP of (NP capital gains)))))))))))))) , (NP-SBJ-3 they) (ADVP certainly) (VP want (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP part) (PP of (NP it)))))))) , '' (VP says (S *T*-4)) (NP-SBJ (NP real-estate lobbyist Wayne Thevenot) (PP of (NP Concord Associates))) .)) (TOP (S (S (PP-LOC In (NP the House-passed tax bill)) , (NP-SBJ Mr. Thevenot) (VP got (NP his wish))) ; (S (NP-SBJ-1 real-estate assets) (VP are (VP included (NP *-1) (PP-CLR in (NP the capital-gains provision))))) .)) (TOP (S But (NP-SBJ-1 (NP Sotheby 's) , (NP Christie 's) and (NP (NP the National Association) (PP of (NP Antique Dealers)))) (VP are (ADVP still) (VP trying (S (NP-SBJ *-1) (VP to (VP get (NP theirs)))))) .)) (TOP (S (NP-SBJ-2 They) (VP have (VP sent (NP a letter) (PP-DTV to (NP congressional tax-writers)) (S-ADV (NP-SBJ *-2) (VP asking (SBAR that (S (NP-SBJ-1 (NP gains) (PP from (NP (NP the sale) (PP of (NP collectibles))))) (ADVP also) (VP be (VP given (NP *-1) (NP preferential treatment))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-3 Collectibles) (VP should (VP continue (S (NP-SBJ-1 *-3) (VP to (VP be (VP recognized (NP *-1) (PP-CLR as (NP capital assets))))))))) , '' (NP-SBJ the letter) (VP states (S *T*-2)) .)) (TOP (S (NP-SBJ (NP All) (PP of (NP this talk))) (VP is (ADJP-PRD antithetical (PP to (NP (NP the Tax Reform Act) (PP of (NP 1986)))))) .)) (TOP (S (PP In (NP (NP exchange) (PP for (NP (ADJP dramatically lower) tax rates)))) , (NP-SBJ-2 (NP the framers) (PP of (NP that legislation))) (VP sought (S (NP-SBJ *-2) (VP to (VP eliminate (NP (NP most) (PP of (NP (NP the exemptions , deductions and credits) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP gave (NP some taxpayers) (NP (NP an advantage) (PP over (NP others))))))))))))) .)) (TOP (S (NP-SBJ The goal) (VP was (S-PRD (NP-SBJ *) (VP to (VP (VP tax (NP (NP people) (PP with (NP (ADJP roughly equivalent) incomes))) (ADVP-MNR equally)) , and (VP to (VP eliminate (NP (NP the many shelters) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP allowed (S (NP-SBJ the wealthy) (VP to (VP escape (NP taxes)))))))))))))) .)) (TOP (S (NP-SBJ (NP Two) (PP of (NP (NP the major ways) (SBAR (WHADVP-2 that) (S (NP-SBJ-3 tax-writers) (VP managed (S (NP-SBJ *-3) (VP to (VP attain (NP these ends) (ADVP-MNR *T*-2)))))))))) (VP were (S-PRD (NP-SBJ *) (VP (VP to (VP scrap (NP (NP the preferential treatment) (PP of (NP capital gains))))) and (VP to (VP curtail (NP (NP the use) (PP of (NP (NP paper losses) , (VP (ADVP also) known (NP *) (PP-CLR as (NP passive losses))) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP made (S (NP-SBJ many tax shelters) (ADJP-PRD possible))))))))))))) .)) (TOP (S (NP-SBJ-1 Many other tax benefits) (ADVP also) (VP were (VP swept (NP *-1) (ADVP-DIR away))) .)) (TOP (S (NP-TMP This year) (NP-SBJ-1 Congress) , (PP with (NP (NP prodding) (PP from (NP President Bush)))) , (VP has (VP been (ADJP-PRD busy) (S-CLR (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP put (NP (NP many) (PP of (NP these same tax preferences))) (ADVP-PUT back (PP into (NP the code)))))))))) .)) (TOP (S (NP-SBJ It) (VP appears (ADJP-PRD likely (SBAR that , (S (NP-TMP (NP this year) or (NP next)) , (NP-SBJ-1 (NP some form) (PP of (NP (NP capital-gains preference) and (NP passive-loss restoration)))) (VP will (VP be (VP enacted (NP *-1)))))))) .)) (TOP (S (NP-SBJ-1 Other tax benefits) (ADVP probably) (VP will (VP be (VP restored and created (NP *-1)))) .)) (TOP (S (NP-SBJ The main obstacle) (VP is (VP finding (NP (NP a way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP pay (PP-CLR for (NP them)) (ADVP-MNR *T*-1)))))))) .)) (TOP (S `` (NP-SBJ The '86 act) (VP was (NP-PRD a fluke)) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ They) (VP wanted (NP reform))) and (S (NP-SBJ they) (VP got (NP a revolution)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP overhaul advocate Rep. Willis Gradison) (PRN -LRB- (NP (NP R.) , (NP-LOC Ohio)) -RRB-)) .)) (TOP (SQ (ADVP So) , is (NP-SBJ the tax code) (ADVP-TMP now) (NP-PRD open game) (ADVP again) ?)) (TOP (S (NP-SBJ Mr. Juliano) (VP thinks (ADVP so)) .)) (TOP (S (NP-TMP One recent Saturday morning) (NP-SBJ-1 he) (VP stayed (PP-LOC-CLR inside (NP the Capitol)) (S-ADV (NP-SBJ *-1) (VP (VP monitoring (NP tax-and-budget talks)) (CONJP instead of) (VP (VP flying (PP-DIR-2 to (NP San Francisco)) (PP-PRP-3 for (NP a fund-raiser))) and (ADVP then) (VP (PP-DIR=2 to (NP (NP his hometown) (PP of (NP Chicago)))) (PP-PRP=3 for (NP (NP the 30th reunion) (PP of (NP St. Ignatius High School))))))))) .)) (TOP (S `` (S-TPC-3 (S (NP-SBJ I) (VP 'm (ADJP-PRD too old (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP waste (NP a weekend)))))))) , but (S (NP-SBJ that) (VP 's (SBAR-PRD (WHNP-2 what) (S (NP-SBJ I) (VP did (NP *T*-2))))))) , '' (NP-SBJ the 48-year-old Mr. Juliano) (VP moans (S *T*-3)) .)) (TOP (S `` (NP-TMP These days) , (NP-SBJ anything) (VP can (VP happen)) .)) (TOP (S (NP-SBJ Lufthansa AG) (VP said (SBAR 0 (S (NP-SBJ passenger volume) (VP climbed (NP-EXT 5.2 %) (PP-TMP for (NP (NP the first nine months) (PP of (NP 1989)))) (PP-DIR to (NP (QP 15.3 million) passengers)) (PP-DIR from (NP (QP 14.5 million) passengers) (PP-TMP in (NP the year-earlier period))))))) .)) (TOP (S (NP-SBJ The (ADJP West German) national air carrier) (VP said (SBAR 0 (S (NP-SBJ cargo volume) (VP jumped (NP-EXT 12 %) (PP-DIR to (NP 638,000 metric tons)) (PP-DIR from (NP 569,000 tons) (ADVP-TMP (NP a year) ago)))))) .)) (TOP (S (NP-SBJ (NP Load factor) , or (NP (NP percentage) (PP of (NP (NP seats) (VP filled (NP *))))) ,) (VP climbed (PP-DIR to (NP 67.1 %)) (PP-DIR from (NP 66.6 %)) , (SBAR-ADV even though (S (NP-SBJ (NP the number) (PP of (NP flights))) (VP rose (NP-EXT 6.9 %) (PP-DIR to (NP 215,845)) (PP-TMP in (NP the first-three quarters)))))) .)) (TOP (S (S-TPC-1 (PP-TMP (PP From (NP January)) (PP through (NP September))) , (NP-SBJ (NP the distance) (VP flown (NP *) (PP by (NP-LGS Lufthansa airplanes)))) (VP rose (NP-EXT 5.6 %) (PP-DIR to (NP (QP 266.2 million) kilometers)) (PP-DIR from (ADVP-TMP (NP a year) earlier)))) , (NP-SBJ the company) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Raymond Chandler) , (PP-LOC in (NP (NP a 1950 letter) (VP defending (NP a weak Hemingway book)))) , (VP likened (NP a champion writer) (PP-CLR to (NP a baseball pitcher))) .)) (TOP (S-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the champ) (VP has (VP lost (NP his stuff) (ADVP-TMP *T*-1))))) , (PRN (S (NP-SBJ the great mystery novelist) (VP wrote (SBAR 0 (S *T*-2)))) ,) `` (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ he) (VP can (ADVP-TMP no longer) (VP throw (NP the high hard one) (ADVP-TMP *T*-3))))) , (NP-SBJ he) (VP throws (NP his heart) (ADVP instead)) .)) (TOP (S (NP-SBJ He) (VP throws (NP something)) .)) (TOP (S (NP-SBJ He) (VP does n't (ADVP just) (VP (VP walk (PP-DIR off (NP the mound))) and (VP weep))) . '')) (TOP (S (NP-SBJ Chandler) (VP might (VP have (VP been (VP predicting (NP (NP the course) (PP of (NP his own career))))))) .)) (TOP (S (NP-SBJ (NP (NP His last published novel) (VP featuring (NP private detective Philip Marlowe))) , (NP (NP the inferior `` (NX-TTL Playback) '') (PRN -LRB- (NP-TMP 1958) -RRB-)) ,) (PP-TMP at (NP times)) (VP read (ADVP almost) (PP-MNR like (NP (NP a parody) (PP of (NP his previous work))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ he) (VP died (PP-TMP in (NP 1959)) (ADVP-TMP *T*-2)))) , (NP-SBJ Chandler) (VP left (PRT behind) (NP (NP four chapters) (PP of (NP (NP yet another Marlowe book) , `` (NP-TTL The Poodle Springs Story) , '' (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP seemed (S (NP-SBJ *-3) (VP to (VP go (PP-DIR (PP beyond (NP parody)) (PP into (NP (NP something) (PP like (NP burlesque))))))))))))))) .)) (TOP (S (NP-SBJ `` (NP-TTL Champ) '' (RRC (NP (NP Chandler 's) last pitch) , (ADVP apparently)) ,) (VP was (NP-PRD a screwball)) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ-1 (NP Robert Parker) , (NP (NP author) (PP of (NP (NP several best sellers) (VP featuring (NP (NP Spenser) , (NP (NP a contemporary private eye) (PP in (NP the Marlowe mold))) ,)))))) (VP has (PP-MNR with (NP (NP the blessings) (PP of (NP the Chandler estate)))) (VP been (VP hired (S (NP-SBJ *-1) (VP to (VP complete `` (NP-TTL The Poodle Springs Story))))))) . '')) (TOP (S (NP-SBJ (NP The result) , (NP `` (NP-TTL Poodle Springs) '' (PRN -LRB- (NP (NP Putnam 's) , (NP 288 pages) , (NP $ 18.95 *U*)) -RRB-))) (VP is (NP-PRD (NP an (ADJP (ADJP entertaining) , (ADJP easy (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP read (NP *T*-1)))))) and (ADJP fairly graceful)) extension) (PP of (NP the Marlowe chronicle)) , (ADJP full (PP of (NP (NP hard-boiled wisecracks) and (NP California color)))))) .)) (TOP (SINV (SBAR-ADV If (S (NP-SBJ it) (VP does not (ADVP quite) (VP have (NP (NP Chandler 's) special magic))))) -- (INTJ well) , (PP-TMP at (NP the end)) , neither did (NP-SBJ Chandler) (VP *?*) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ the book) (VP begins))) , (NP-SBJ a (ADJP newly wed) Marlowe) (VP roars (PP-DIR into (NP (NP the desert resort) (PP of (NP Poodle (PRN -LRB- (X a.k.a . Palm) -RRB-) Springs)))) (PP at (NP (NP the wheel) (PP of (NP a Cadillac Fleetwood))))) .)) (TOP (S (NP-SBJ His bride) (VP is (NP-PRD (NP the (ADJP rich and beautiful) Linda Loring) , (NP (NP a character) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP also) (VP appeared (PP-LOC in (NP (NP Chandler 's) (NX `` (NX-TTL The Long Goodbye) '' and `` (NX-TTL Playback)))))))))) . '')) (TOP (S (NP-SBJ Philip and Linda) (VP (VP move (PP-DIR into (NP her mansion))) and (VP ca n't (VP keep (NP their hands) (PP-LOC-CLR off (NP each other)))) , (PP-LOC (ADVP even) in (NP (NP front) (PP of (NP the Hawaiian/Japanese houseman))))) .)) (TOP (S But (NP-SBJ the lovebirds) (VP have (NP a conflict)) .)) (TOP (S (S (NP-SBJ-1 He) (VP wants (S (NP-SBJ-2 *-1) (VP to (VP continue (S (NP-SBJ *-2) (VP being (NP-PRD a low-paid private eye)))))))) , and (S (NP-SBJ she) (VP wants (S (NP-SBJ him) (VP to (VP live (PP-CLR off (NP (NP the million dollars) (SBAR (WHNP-3 0) (S (NP-SBJ she) (VP 's (VP settled (NP *T*-3) (PP-CLR on (NP him))))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP Chandler 's) setup)) .)) (TOP (S (NP-SBJ Mr. Parker) (VP spins (NP it) (PP-CLR into (NP (NP a (ADJP pretty satisfying) tale) (VP involving (NP (NP Poodle Springs high life) , (NP Hollywood low life) and (NP (NP various folk) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP hang (NP their hats) (PP-LOC in (NP both worlds))))))))))) .)) (TOP (S (S (NP-SBJ The supporting lineup) (VP is (ADJP-PRD solid))) , (S (NP-SBJ the patter) (VP is (ADJP-PRD amusing))) and (S (NP-SBJ there) (VP 's (ADVP even) (NP-PRD (NP a cameo) (PP by (NP (NP Bernie Ohls) , (NP (NP the `` good cop '') (PP of (NP previous Chandler books)) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (ADVP still) (VP does n't (VP hesitate (S (NP-SBJ *-2) (VP to (VP have (S (NP-SBJ Marlowe) (VP jailed))))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ it) (VP suits (NP his purposes) (ADVP-TMP *T*-3)))))))))))))) .)) (TOP (S (NP-SBJ The style throughout) (VP bears (NP (NP a strong resemblance) (PP to (NP (NP (NP Chandler 's) prose) (PP at (NP its (ADJP most pared (PRT down)))))))) .)) (TOP (S (S-ADV (NP-SBJ All) (VP told)) , (NP-SBJ Mr. Parker) (VP does (NP (NP a better job) (PP of (S-NOM (NP-SBJ *) (VP making (NP a novel) (PP-CLR out (PP of (NP this abandoned fragment)))))) (SBAR than (S (NP-SBJ anyone) (VP might (VP have (VP had (NP a right (S (NP-SBJ *) (VP to (VP expect))))))))))) .)) (TOP (S But (NP-SBJ there) (VP are (NP-PRD (NP grounds) (PP for (NP complaint)))) .)) (TOP (S (S (PP-TMP At (NP one point)) , (NP-SBJ the reader) (VP is (ADVP-LOC-PRD (NP two steps) ahead (PP of (NP Marlowe))) (PP-LOC in (S-NOM (NP-SBJ *) (VP catching (PRT on) (PP-CLR to (NP a double identity scam))))))) -- and (S (NP-SBJ-1 Marlowe) (VP is (VP supposed (S (NP-SBJ *-1) (VP to (VP be (NP-PRD the pro))))))) .)) (TOP (S (ADVP More bothersome) , (NP-SBJ there) (VP are (NP-PRD several apparent anachronisms)) .)) (TOP (S (NP-SBJ (NP (NP Contact lenses) , (NP tank tops) , (NP (NP prostitutes) (VP (ADVP-MNR openly) working (NP (NP the streets) (PP of (NP Hollywood))))) and (NP the Tequila Sunrise cocktail)) (NP all)) (VP seem (PP-PRD out (PP of (NP place))) (PP-TMP in (NP the 1950s))) .)) (TOP (S (NP-SBJ (NP (ADJP (NP-ADV A little) more) care) (PP-LOC in (S-NOM (NP-SBJ *) (VP re-creating (NP (NP Marlowe 's) universe))))) (VP would (VP have (VP made (S (NP-SBJ the book) (ADJP-PRD (ADVP that much) more enjoyable))))) .)) (TOP (S (NP-SBJ Mr. Nolan) (VP is (NP-PRD (NP a contributing editor) (PP-LOC at (NP Los Angeles Magazine)))) .)) (TOP (S (NP-SBJ Ko Shioya) (VP spent (NP eight years) (PP-MNR as (NP (NP the editor) (PP in (NP chief)) (PP of (NP (NP the Japanese edition) (PP of (NP (NP Reader 's) Digest))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Japan) (VP has (VP been (NP-PRD (NP a major importer) (PP of (NP foreign information and news)))))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Shioya) .)) (TOP (S `` But (NP-SBJ-1 one) (VP gets (VP fed (PRT up) (PP-CLR with (S-NOM (NP-SBJ *-1) (VP importing (NP information and news)))))) . '')) (TOP (S (NP-SBJ Mr. Shioya) (VP has (VP turned (NP the tables))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ he) (VP is (NP-PRD (NP publisher) (PP of (NP (NP Business Tokyo magazine) , (NP (NP the first English-language business magazine) (VP devoted (NP *) (PP-CLR to (NP (NP coverage) (PP of (NP Japanese business)))))))))) .)) (TOP (S (PP-TMP After (NP a slick redesign)) , (NP-SBJ-1 the two-year-old magazine) (VP has (VP been (VP relaunched (NP *-1) (NP-TMP this month) (PP by (NP-LGS (NP its parent company) , (NP (NP Keizaikai Corp.) , (NP (NP the Tokyo-based company) (PP with (NP (NP interests) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP include (NP (NP financial services) , (NP book publishing) and (NP a tourist agency)))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP (VP Printed (NP *) (PP-LOC in (NP the U.S.))) and (VP carrying (NP the line `` (NX-TTL (NP The Insider 's) Japan) )))) , '' (NP-SBJ-1 (NP Business Tokyo 's) October cover story) (VP was (NP-PRD `` (NP-TTL (NP The World 's) No. 1 Customer) '' -- (NP Japanese women))) .)) (TOP (S (NP-SBJ Keizaikai) (VP is (NP-PRD (NP one) (PP of (NP (NP a (ADJP small but growing) band) (PP of (NP (NP Japanese companies) (VP taking (NP (NP their first steps) (PP into (NP American publishing))) , (PP after (S-NOM (NP-SBJ *) (VP making (NP major investments) (PP-LOC in (NP (NP entertainment , real estate and banking companies) (ADVP-LOC here))))))))))))) .)) (TOP (S (NP-SBJ Japanese concerns) (VP have (VP retained (NP (NP a number) (PP of (NP (NP (NP publishing consultants) and (NP media brokers)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP study (NP the U.S. market))))))) , (PP including (NP (NP the New York-based investment banker) (NP Veronis , Suhler & Associates)))))) .)) (TOP (S And (NP-SBJ they) (VP are (ADVP-MNR quietly) (VP linking (PRT up) (PP-CLR with (NP U.S. publishing trade groups)))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-2 Japanese publishers) (VP want (S (NP-SBJ-1 *-2) (VP to (VP be (VP introduced (NP *-1) (PP-CLR to (NP the publishing and information industries)))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP John Veronis) , (NP (NP chairman) (PP of (NP Veronis Suhler)))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ there) (VP are n't (NP-PRD (NP any major deals) (PP *ICH*-1)) (PP-LOC in (NP the works)) (ADVP-TMP currently) (PP-1 on (NP (NP the scale) (PP of (NP (NP Sony Corp. 's) recent (ADJP (QP $ 3.4 billion) *U*) agreement (S (NP-SBJ *) (VP to (VP buy (NP Columbia Pictures Entertainment Inc.))))))))))) , (NP-SBJ observers) (VP do n't (VP rule (PRT out) (NP (NP a transaction) (PP of (NP that size))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The Japanese) (VP take (NP the long view))) . '' (VP said (S *T*-1)) (NP-SBJ Mr. Veronis) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ It) (VP may not (VP be (NP-PRD weeks or months)))) , but (S (S (NP-SBJ they) (VP are (ADVP also) (ADJP-PRD opportunistic))) and (S (SBAR-ADV if (S (NP-SBJ they) (VP feel (ADJP-PRD comfortable)))) , (NP-SBJ they) (VP will (VP move (PP-CLR on (NP a deal))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (PP-TMP In (NP recent months)) , (NP-SBJ (NP three big Tokyo-based publishing concerns) -- (PP including (NP (NP Nikkei Business Publications) , (NP (NP Nikkei Home) (PRN -LRB- (NP no relation) -RRB-)) , and (NP Magazine House))) --) (VP applied (PP-CLR for (NP (NP membership) (PP in (NP (NP Magazine Publishers) (PP of (NP America)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP represents (NP almost all U.S. consumer magazines))))))))) .)) (TOP (S (NP-SBJ (NP Japanese involvement) (PP in (NP American publishing))) (VP has (VP been (ADJP-PRD (ADJP so small) (SBAR *ICH*-2)) (PP-TMP to (NP date)) (SBAR-2 that (S (NP-SBJ-1 (NP magazines) (PP such as (NP Business Tokyo))) (VP are (VP considered (S (NP-SBJ *-1) (NP-PRD groundbreakers)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Keizaikai) (VP launched (NP Business Tokyo) (PP-TMP in (NP 1987)) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP appealed (PP-CLR to (NP a (ADJP more multinational) audience))) .)) (TOP (S (NP-SBJ-1 The magazine) (VP (VP was (VP overhauled (NP *-1) (PP with (NP (NP the aid) (PP of (NP American magazine design gurus (NX (NX Milton Glaser) and (NX Walter Bernard)))))))) , and (VP targets (NP top-level U.S. executives) (PP-CLR with (NP (ADJP Japanese and American) advertisers)))) .)) (TOP (S (NP-SBJ-1 American publishers) (VP appear (ADJP (ADVP more than) ready (S (NP-SBJ *-1) (VP to (VP do (NP some selling)))))) .)) (TOP (S (NP-SBJ (NP Susumu Ohara) , (NP (NP president) (PP of (NP (NP Nihon Keizai Shinbun America Inc.) , (NP (NP publisher) (PP of (NP the Japan Economic Journal)))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP receives (NP (NP telephone calls) (PP *ICH*-1)) (ADVP-TMP weekly) (PP-CLR from (NP media bankers)) (PP-1 on (SBAR whether (S (NP-SBJ-2 his parent company) (VP is (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *-2) (VP buying (NP a U.S. consumer or business magazine))))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ The Japanese) (VP are (PP-LOC-PRD in (NP the early stage)) (ADVP-TMP right now))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Thomas Kenney) , (NP (NP a onetime media adviser) (PP for (NP First Boston Corp.)) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP was (ADVP-TMP recently) (VP appointed (S (NP-SBJ *-1) (NP-PRD (NP president) (PP of (NP (NP (NP Reader 's) Digest Association 's) new Magazine Publishing Group)))))))))) .)) (TOP (S `` (ADVP-TMP Before) , (S (NP-SBJ they) (VP were (ADJP-PRD interested (PP in (NP hard assets))))) and (S (NP-SBJ they) (VP saw (NP magazines) (PP-CLR as (ADJP soft)))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ they) (VP realize (SBAR 0 (S (NP-SBJ magazines) (VP are (NP-PRD (NP (ADJP as much) a franchise) (SBAR as (S (NP-SBJ Nabisco) (VP is (NP-PRD a franchise))))))))) .)) (TOP (S (NP-SBJ (NP Bell Atlantic Corp.) and (NP Southern New England Telecommunications)) (VP posted (NP strong profit gains) (PP for (NP the third quarter)) , (SBAR-ADV while (S (NP-SBJ (NP Nynex Corp.) , (NP Pacific Telesis Group) and (NP U S West Inc.)) (VP reported (NP earnings declines) (PP for (NP the period)))))) .)) (TOP (S (NP-SBJ (NP Rate settlements) (PP-LOC in (NP Minnesota and Colorado))) (VP depressed (NP (NP U S West 's) third-quarter profit)) .)) (TOP (S (NP-SBJ-1 Denver-based U S West) (VP said (SBAR 0 (S (NP-SBJ net income) (VP dropped (NP-EXT 8.9 %)))) , (S-ADV (NP-SBJ *-1) (VP noting (SBAR that (S (NP-SBJ the year-ago quarter) (VP included (NP (NP the sale) (PP of (NP a building)) (PP by (NP its BetaWest Properties unit))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP dropped (NP-EXT 4.3 %) (PP-DIR to (NP (QP $ 2.3 billion) *U*)) (PP-DIR from (NP (QP $ 2.4 billion) *U*)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP declines) (PP-LOC in (NP its (NX (NX consumer-telephone sector) , (NX long-distance carrier business) and (NX diversified division)))))))) .)) (TOP (S (NP-SBJ (NP Revenue) (PP from (NP business-telephone operations))) (VP grew (NP-EXT 3.3 %) (PP-DIR to (NP (QP $ 618.9 million) *U*)) (PP-DIR from (NP (QP $ 599.4 million) *U*) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ New telephone lines) (VP posted (NP healthy growth)) .)) (TOP (S (ADVP Overall) (NP-SBJ they) (VP increased (NP-EXT 2.8 %) (PP-DIR to (NP (QP 12.1 million))) , (S-ADV (NP-SBJ *) (VP putting (NP U S West) (PP-PUT over (NP the (QP 12 million) mark)) (PP for (NP the first time))))) .)) (TOP (S (NP-SBJ Business lines) (VP increased (NP-EXT 3.7 %) (PP-DIR to (NP (QP 3.3 million)))) .)) (TOP (SINV `` (S-TPC-2 (PP On (NP a (ADJP truly comparable) basis)) , (NP-SBJ we) (VP 've (VP seen (NP (NP modest earnings growth) (PP *ICH*-1)) (NP-TMP this year) (PP-1 from (NP (NP the operations) (PP of (NP our company))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Jack MacAllister) , (NP (NP chairman) and (NP chief executive officer))) .)) (TOP (S `` (NP-SBJ The major negative factor) (VP was (NP-PRD (NP the cumulative impact) (PP of (NP regulatory activity)) (PP-TMP over (NP the past two years)))) . '')) (TOP (S (NP-SBJ He) (VP (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP expects (S (NP-SBJ *-1) (VP to (VP be `` (PP-PRD on (NP (NP target) '' (PP with (NP (NP analysts ') projections)))) (PP-TMP by (NP year end))))))))) but (VP conceded (SBAR that (S (NP-SBJ the fourth quarter) (VP represents `` (NP a significant challenge)))))) . '')) (TOP (S (NP-SBJ (NP Expenses) (PP-TMP in (NP the quarter))) (VP dropped (NP-EXT 11.2 %) (PP-DIR to (NP (QP $ 664.3 million) *U*)) (PP-DIR from (NP (QP $ 747.7 million) *U*) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ-1 U S West shares) (VP rose (NP-EXT 75 cents) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 71.25 *U*)) (PP-LOC in (NP New York Stock Exchange composite trading)))))) .)) (TOP (S (NP-SBJ Philadelphia-based Bell Atlantic) (VP said (SBAR 0 (S (NP-SBJ-2 net) (VP rose (NP-EXT 6.5 %) , (S (NP-SBJ-1 *-2) (VP aided (NP *-1) (PP by (NP-LGS (NP (NP strong growth) (PP-LOC in (NP the network-services business))) and (NP (NP an increase) (PP-LOC in (NP (NP the number) (PP of (NP new telephone lines))))))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP jumped (NP-EXT 5.6 %) (PP-DIR to (NP (QP $ 2.9 billion) *U*)) (PP-DIR from (NP (QP $ 2.8 billion) *U*) (PP-TMP in (NP the year-ago quarter)))) .)) (TOP (S (NP-SBJ (NP Revenue) (PP from (NP (ADJP financial and real-estate) services))) (VP jumped (NP-EXT 23 %) (PP-DIR to (NP (QP $ 177.4 million) *U*)) (PP-DIR from (NP (QP $ 144.1 million) *U*) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ (NP Network-access revenue) (PP from (NP long-distance telephone companies))) (VP increased (NP-EXT 6.4 %) (PP-DIR to (NP (QP $ 618.6 million) *U*))) .)) (TOP (S (NP-SBJ Bell Atlantic) (VP added (NP 148,000 new telephone lines) (PP-TMP in (NP the quarter)) (PP for (NP (NP a total) (PP of (NP (QP 16.9 million)))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 per-share earnings) (VP were (ADVP slightly) (VP reduced (NP *-1) (PP by (NP-LGS (NP the sale) (PP of (NP (NP (QP 4.1 million) shares) (PP of (NP treasury stock)))) (PP to (NP (NP the company 's) (ADJP newly formed) Employee Stock Ownership Plans))))))))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP on (NP the Big Board)))) , (NP-SBJ Bell Atlantic) (VP closed (PP-CLR at (NP $ 100.625 *U*)) , (ADVP up (NP (NP $ 1.50 *U*) (NP-ADV a share)))) .)) (TOP (S (PP-LOC At (NP Nynex)) , (NP-SBJ net) (VP slumped (NP-EXT 14.8 %) , (PP-PRP (ADVP primarily) because of (NP (NP (NP a continuing strike) (PP by (NP 60,000 employees))) , (NP (NP lower-than-expected profit) (PP-LOC at (NP its New York Telephone unit))) and (NP (ADJP significantly higher) taxes and costs)))) .)) (TOP (S (NP-SBJ (UCP State and local) taxes) (VP increased (PP-DIR to (NP (QP $ 131.3 million) *U*)) (PP-DIR from (NP (QP $ 99.1 million) *U*) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ Nynex) (VP said (SBAR 0 (S (NP-SBJ expenses) (VP (VP rose (NP-EXT 4.5 %) (PP-DIR to (NP (QP $ 2.73 billion) *U*)) (PP-DIR from (NP (QP $ 2.61 billion) *U*))) , (NP a (ADJP (QP $ 119 million) *U*) increase))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Most) (PP of (NP the higher costs))) (VP were (VP associated (NP *-1) (PP-CLR with (NP (NP acquisitions) and (NP (NP growth) (PP-LOC in (NP nonregulated business units)))))))) , (NP-SBJ it) (VP added (SBAR 0 (S *T*-2))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Our net income) (VP is n't (SBAR-LOC-PRD (WHADVP-1 where) (S (NP-SBJ we) (VP would (VP want (S (NP-SBJ it) (VP to (VP be (ADVP-LOC-PRD *T*-1)))))))) (PP-TMP at (NP this point)))) , '' (VP said (S *T*-2)) (NP-SBJ (NP William C. Ferguson) , (NP (NP chairman) and (NP chief executive officer))) .)) (TOP (S `` (NP-SBJ (NP This deviation) (PP from (NP our past growth patterns))) (VP is (VP caused (ADVP largely) (PP by (NP-LGS (NP lower earnings) (PP-LOC at (NP New York Telephone)))))) . '')) (TOP (S (NP-SBJ Mr. Ferguson) (VP said (SBAR 0 (S (NP-SBJ (NP (NP a continued softness) (PP-LOC in (NP (NP New York City area 's) economy))) and (NP (NP increased competition) , (PP-LOC (ADVP particularly) in (NP the private-line market)) ,)) (VP took (NP-CLR a heavy toll) (PP-CLR on (NP earnings)))))) .)) (TOP (S (NP-SBJ (NP The three-month-old strike) (PP-LOC at (NP Nynex))) (ADVP seriously) (VP hurt (NP (NP the installation) (PP of (NP new telephone lines))) (PP-TMP in (NP the quarter))) .)) (TOP (S (NP-SBJ Nynex) (VP said (SBAR 0 (S (NP-SBJ (NP access lines) (PP in (NP service)) (PP-TMP at (NP (NP the end) (PP of (NP the quarter))))) (VP were (ADVP-PRD off (NP 18,000) (PP from (NP (NP the previous quarter) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP reported (NP (NP an increase) (PP of (NP 160,000 new access lines))))))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (PP-DIR to (NP (QP $ 3.31 billion) *U*)) (PP-DIR from (NP (QP $ 3.18 billion) *U*)) , (PP (ADVP mostly) from (NP (NP acquisition) (PP of (NP (NP AGS Computers) and (NP robust non-regulated businesses)))))) .)) (TOP (S (PP-LOC In (NP Big Board composite trading)) (NP-TMP yesterday) , (NP-SBJ Nynex common) (VP closed (PP-CLR at (NP $ 81.125 *U*)) , (ADVP up (NP $ 1.625 *U*))) .)) (TOP (S (NP-SBJ (NP Southern New England Telecommunications) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP bolstered (NP (NP its marketing efforts) (PP for (NP (UCP telephone and non-telephone) subsidiaries)))))) ,) (VP reported (SBAR that (S (NP-SBJ net) (VP increased (NP-EXT 8.1 %))))) .)) (TOP (S (NP-SBJ (NP Walter H. Monteith Jr.) , (NP SNET (NX (NX chairman) and (NX chief executive officer))) ,) (VP said : `` (S (NP-SBJ-1 (NP Innovative marketing) (PP of (NP our products and services))) (VP contributed (S (NP-SBJ *-1) (VP to (VP increase (NP revenue))))))) . '')) (TOP (S (NP-SBJ Revenue and sales) (VP increased (NP-EXT 7.5 %) (PP-DIR to (NP (QP $ 423.9 million) *U*)) (PP-DIR from (NP (QP $ 394.4 million) *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Yellow pages advertising sales) (VP rose (NP-EXT 11.8 %) (PP-DIR to (NP (QP $ 41.2 million) *U*))) .)) (TOP (S (NP-SBJ (NP (NP Cost and expenses) (PP for (NP the quarter))) , (PP excluding (NP interest)) ,) (VP increased (NP-EXT 6.1 %) (PP-DIR to (NP (QP $ 333.3 million) *U*)) (PP-DIR from (NP (QP $ 314 million) *U*) (ADVP-TMP (NP the year) before))) .)) (TOP (S (NP-SBJ SNET common) (VP rose (NP-EXT $ 1.25 *U*) (PP-DIR to (NP (NP $ 85.50 *U*) (NP-ADV a share))) (NP-TMP yesterday) (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the Big Board))))) .)) (TOP (S (NP-SBJ (ADJP San Francisco-based) Pacific Telesis) (VP said (SBAR 0 (S (NP-SBJ net) (VP declined (NP-EXT 12.6 %) , (PP-PRP (ADVP primarily) because of (NP regulatory action)))))) .)) (TOP (S (NP-SBJ Revenue) (VP was (ADJP-PRD about flat) (PP-LOC at (NP (QP $ 2.4 billion) *U*))) .)) (TOP (S (NP-SBJ-1 Revenue) (VP was (VP reduced (NP *-1) (NP-EXT (QP $ 33 million) *U*) (PP by (NP-LGS (NP three extraordinary items) : (NP (NP (NP a California Public Utilities Commission refund) (PP for (NP an American Telephone & Telegraph Co. billing adjustment))) ; (NP (NP a provision) (PP for (NP (NP productivity sharing) (SBAR (WHNP-3 0) (S (NP-SBJ-2 *T*-3) (VP to (VP be (VP paid (NP *-2) (PP-DTV to (NP customers)) (PP-TMP in (NP 1990)))))))))) and (NP (NP a one-time accrual) (PP for (NP (NP a toll settlement) (PP with (NP long-distance telephone companies)))))))))) .)) (TOP (S (PP Excluding (NP the one-time charges)) , (NP-SBJ the company) (VP would (VP have (VP posted (NP (NP earnings) (PP of (NP (NP (QP $ 298 million) *U*) , or (NP (NP 73 cents) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ-1 The company) (ADVP also) (VP was (VP hurt (NP *-1) (PP by (NP-LGS (NP a (ADJP (QP $ 289 million) *U*) rate reduction) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP went (PP-CLR into (NP effect)) (PP-TMP in (NP 1989))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD a good quarter) (PP for (NP us)) (PP in (NP (NP terms) (PP of (NP our business fundamentals)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Sam Ginn) , (NP (NP chairman) and (NP chief executive officer))) .)) (TOP (S (S (NP-SBJ Pacific Telesis) (VP said (SBAR 0 (S (NP-SBJ new telephone lines) (VP increased (NP-EXT 4.5 %) (PP for (NP (NP a total) (PP of (NP (QP about $ 13.5 million) *U*)) (PP for (NP the quarter))))))))) ; (S (NP-SBJ toll calls) (VP increased (NP-EXT 9.6 %) (PP-DIR to (NP (QP 807 million))))) and (S (NP-SBJ (NP minutes) (PP of (NP telephone usage))) (VP increased (PP-DIR to (NP (QP 9.9 billion))))) .)) (TOP (S (PP-LOC In (NP Big Board composite trading)) (NP-TMP yesterday) , (NP-SBJ Pacific Telesis common) (VP closed (PP-CLR at (NP $ 45.50 *U*)) , (ADVP up (NP 87.5 cents))) .)) (TOP (FRAG (X a) - (VP Includes (NP (NP a one-time gain) (PP of (NP (QP $ 88.7 million) *U*)) (PP from (NP (NP a commonstock sale) (PP by (NP (NP U S West 's) U S West New Vector Group)))))) .)) (TOP (FRAG (X b) - (VP Includes (NP (NP a (ADJP (QP $ 41.3 million) *U*) gain) (PP on (NP (NP the sale) (PP of (NP FiberCom)))))) .)) (TOP (S (NP-SBJ Amoco Corp.) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP plunged (NP-EXT 39 %) (PP-DIR to (NP (NP (QP $ 336 million) *U*) , or (NP (NP 65 cents) (NP-ADV a share)))) , (SBAR-ADV as (S (NP-SBJ gasoline refining and marketing profits) (VP lagged (ADVP substantially) (PP-LOC-CLR behind (NP (NP last year 's) record level))))))))) .)) (TOP (S (NP-SBJ (NP A charge) (PP of (NP (QP $ 80 million) *U*)) (VP related (NP *) (PP-CLR to (NP (NP projected environmental costs) (PP-LOC in (NP its refining and marketing operations)))))) (ADVP further) (VP depressed (NP results)) .)) (TOP (S (NP-SBJ A spokesman) (VP said (SBAR (SBAR 0 (S (NP-SBJ Amoco) (VP completed (NP an environmental analysis) (NP-TMP last quarter)))) but (SBAR that (S (NP-SBJ no single clean-up project) (VP was (ADJP-PRD responsible)))))) .)) (TOP (S (PP-TMP In (NP the 1988 third quarter)) , (NP-SBJ the Chicago-based oil company) (VP earned (NP (NP (QP $ 552 million) *U*) , or (NP (NP $ 1.07 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ (NP Revenue) (PP-TMP in (NP the latest quarter))) (VP rose (NP-EXT 12 %) (PP-DIR to (NP (QP $ 6.6 billion) *U*)) (PP-DIR from (NP (QP $ 5.91 billion) *U*))) .)) (TOP (S (ADVP Aside (PP from (NP the special charge))) , (NP-SBJ (NP Amoco 's) results) (VP were (PP-PRD in (NP (NP line) (PP with (NP Wall Street estimates))))) .)) (TOP (S (NP-SBJ (NP The company 's) stock) (VP ended (PP-CLR at (NP $ 48.375 *U*)) , (ADVP up (NP 25 cents)) (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (S (NP-SBJ Amoco) (VP is (NP-PRD (NP the first major oil company) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP report (NP third-quarter results))))))) .)) (TOP (S (NP-SBJ Analysts) (VP expect (S (NP-SBJ others) (VP to (VP show (NP a similar pattern))))) .)) (TOP (S (ADVP Generally) (PP-TMP in (NP the quarter)) , (NP-SBJ (NP (NP overproduction) (PP of (NP gasoline))) and (NP higher crude oil prices)) (VP pressured (NP profitability)) .)) (TOP (S (NP-SBJ (NP The industry 's) chemical profits) (ADVP also) (VP declined (SBAR-PRP because (S (NP-SBJ excess capacity) (VP has (VP depressed (NP prices)))))) .)) (TOP (S (S (S-TPC-1 (NP-SBJ Gasoline margins) (VP may (VP rebound (NP-TMP this quarter)))) , (NP-SBJ some industry officials) (VP say (SBAR 0 (S *T*-1)))) , but (S (NP-SBJ they) (VP believe (SBAR 0 (S (NP-SBJ chemical margins) (VP could (VP worsen)))))) .)) (TOP (S (NP-SBJ (NP American Petrofina Inc.) , (NP a Dallas-based integrated oil company) ,) (NP-TMP yesterday) (VP said (SBAR 0 (S (NP-SBJ its third-quarter earnings) (VP declined (PP-EXT by (NP (QP more than half))))))) .)) (TOP (S (NP-SBJ Fina) (VP blamed (NP (NP lower chemical prices) , (NP reduced gasoline margins) and (NP refinery maintenance shutdowns))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ net income) (VP dropped (PP-DIR to (NP (NP (QP $ 15.1 million) *U*) , or (NP (NP 98 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 35.2 million) *U*) , or (NP (NP $ 2.66 *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 2.2 %) (PP-DIR to (NP (QP $ 711.9 million) *U*)) (PP-DIR from (NP (QP $ 696.1 million) *U*))) .)) (TOP (S (NP-SBJ (NP (NP Amoco 's) refining and marketing profit) (PP-TMP in (NP the quarter))) (VP fell (PP-DIR to (NP (QP $ 134 million) *U*)) (PP-DIR from (NP (QP $ 319 million) *U*))) .)) (TOP (S (NP-SBJ Chemical earnings) (VP declined (PP-EXT by (NP one-third)) (PP-DIR to (NP $ 120 million *U*)) (X-DIR (NP (NP last year 's) robust levels))) .)) (TOP (S (NP-SBJ (NP Amoco 's) domestic oil and natural gas operations) (VP recorded (NP (NP a profit) (PP of (NP (QP $ 104 million) *U*)) (PP-TMP in (NP the quarter))) (PP compared (PP with (NP (NP a loss) (PP of (NP (QP $ 5 million) *U*))))) , `` (PP-1 (ADVP primarily) on (NP (NP the strength) (PP of (NP higher crude oil prices)))) , '' (PRN (SINV (VP said (PP *T*-1)) (NP-SBJ Chairman Richard M. Morrow)))) .)) (TOP (S (NP-SBJ Amoco) (ADVP also) (ADVP-MNR sharply) (VP boosted (NP (NP natural-gas output) , (NP (NP part) (PP of (NP it)) (PP from (NP (NP properties) (VP acquired (NP *) (PP-CLR from (NP Tenneco Inc.)) (NP-TMP last year))))))) .)) (TOP (S But (NP-SBJ foreign exploration and production earnings) (VP fell (ADVP-MNR sharply) , (PP-DIR to (NP (QP $ 12 million) *U*)) (PP-DIR from (NP (QP $ 95 million) *U*))) .)) (TOP (S (NP-SBJ Higher oil prices) (VP were n't (ADJP-PRD enough (S (NP-SBJ *) (VP to (VP offset (NP (NP a (ADJP (QP roughly $ 20 million) *U*) charge) (VP related (NP *) (PP-CLR to (NP (NP (NP a (ADJP 10 %) reduction) (PP-LOC in (NP (NP Amoco 's) Canadian work force))) (CONJP as well as) (NP increased exploration expenses)))))))))) .)) (TOP (S (S (PP For (NP the nine months)) , (NP-SBJ Amoco) (VP said (SBAR that (S (NP-SBJ net income) (VP fell (PP-DIR to (NP (QP $ 1.29 billion) *U*)) (PP-DIR from (NP (QP $ 1.69 billion) *U*))))))) but (S (SBAR-ADV if (S (NP-SBJ-1 unusual items) (VP are (VP excluded (NP *-1))))) , (NP-SBJ operations) (VP produced (NP (ADJP essentially flat) results))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 12 %) (PP-DIR to (NP (QP $ 19.93 billion) *U*)) (PP-DIR from (NP (QP $ 17.73 billion) *U*))) .)) (TOP (S (NP-SBJ-1 (NP (NP James F. Gero) , (NP (NP former (NX (NX chairman) and (NX chief executive officer))) (PP of (NP Varo Inc.))) ,) and (NP (NP Richard J. Hatchett III) , (NP a Dallas investment banker) ,)) (VP were (VP elected (S (NP-SBJ *-1) (NP-PRD (NP directors) (PP of (NP this medical-products concern)))) , (S-ADV (NP-SBJ *) (VP boosting (NP the board) (PP-CLR to (NP seven members)))))) .)) (TOP (S (PP For (NP retailers)) , (NP-SBJ-1 (NP Christmas) , not (NP Halloween) ,) (VP promises (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP this year 's) spookiest season))))) .)) (TOP (S (NP-SBJ Many retailers) (VP fear (SBAR 0 (S (NP-SBJ a price war) (VP will (VP erupt (SBAR-ADV if (S (NP-SBJ-1 (NP cash-strapped companies) (PP such as (NP Campeau Corp.))) (VP slash (NP tags) (S-PRP (NP-SBJ *-1) (VP to (VP spur (NP sales)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Concerns) (PP about (NP the stock market))) , (NP (NP doubts) (PP about (NP the economy)) (PP in (ADJP general))) and (NP (NP rising competition) (PP from (NP catalog companies)))) (ADVP also) (VP haunt (NP store operators)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Profits) (PP at (NP Christmas))) (VP could (VP be (PP-PRD under (NP attack)) (PP for (NP every retailer))))) , '' (VP asserts (S *T*-1)) (NP-SBJ (NP Norman Abramson) , (NP (NP (NP president) and (NP chief operating officer)) (PP of (NP (NP Clothestime Inc.) , (NP an off-price chain))))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ there) (VP is n't (NP-PRD any widespread discounting)))) , (NP-SBJ (NP the outlook) (PP for (NP industry profits))) (VP is n't (ADJP-PRD good)) .)) (TOP (S (NP-SBJ Management Horizons) (VP forecasts (NP (NP a (ADJP 1.4 %) profit decline) (PP for (NP non-auto retailers)) (NP-TMP this year)) , (PP-TMP after (NP (NP annual drops) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP averaged (NP 4.5 %) (PP-TMP in (NP 1988 and 1987)))))))) .)) (TOP (SINV `` (S-TPC-1 (PP-TMP For (NP the last two and a half years)) , (NP-SBJ retailing) (VP has (VP been (PP-LOC-PRD in (NP a mild recession))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Carl Steidtmann) , (NP (NP chief economist) (PP-LOC at (NP the (NAC-LOC Columbus , Ohio ,) consulting firm)))) .)) (TOP (S (S (NP-TMP This year) , (NP-SBJ many stores) (VP are (VP entering (NP the Christmas season) (PP-MNR in (NP turmoil))))) : (S (S (NP-SBJ Bonwit Teller and B. Altman parent L.J. Hooker Corp.) (VP is (VP operating (PP-LOC under (NP (NP Chapter 11) (PP of (NP the federal Bankruptcy Code))))))) ; (S (NP-SBJ (NP B.A.T Industries PLC 's) healthy Saks Fifth Avenue and (NP Marshall Field 's) chains) (VP are (PP-LOC-PRD on (NP the auction block)))) ; (S (NP-SBJ (NP Campeau 's) (NX Bloomingdale 's)) (VP is (ADVP also) (PP-LOC-PRD on (NP the block))))) .)) (TOP (S (NP-SBJ Industry observers) (VP expect (NP (NP a wide divergence) (PP-LOC in (NP performance)))) .)) (TOP (S (NP-SBJ-2 (NP Stores) (PP in (NP (NP a state) (PP of (NP confusion))))) (VP are (ADJP-PRD likely (S (NP-SBJ *-2) (VP (VP to (VP fare (ADVP-MNR poorly))) , and (VP to (VP lose (NP customers) (PP-CLR to (NP (NP stable chains) (PP such as (NP (NP Limited Inc.) , (NP May Department Stores Co.) and (NP Dillard Department Stores Inc.))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP should (VP do (ADVP-MNR well))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 There) (VP are (VP going (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP (ADJP very clear) winners) and (NP (ADJP very clear) losers)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Cynthia Turk) , (NP a Touche Ross & Co. retail consultant)) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ Mr. Steidtmann) : `` (S-1 (NP-SBJ I) (VP 'm (VP looking (PP-CLR for (NP a bi-polar Christmas))))) . '')) (TOP (S (NP-SBJ Economists) (VP expect (S (NP-SBJ (NP general merchandise sales) (PP-TMP in (NP the fourth quarter))) (VP to (VP rise (NP-EXT 4.5 %) (PP-DIR to (NP 6 %)) (PP-DIR from (NP year-ago figures)))))) .)) (TOP (S But (NP-SBJ Mr. Steidtmann) (VP predicts (SBAR that (S (NP-SBJ (NP healthy stores) (VP hawking (NP mostly apparel))) (VP could (VP ring (PRT up) (NP (NP gains) (PP of (NP (QP as much as 25 % to 30 %) *U*)))))))) .)) (TOP (S-1 (NP-SBJ Troubled chains) (VP could (VP see (S (NP-SBJ their sales) (VP drop (NP-EXT (QP as much as 8) %))) (PRN , (S (NP-SBJ he) (VP believes (SBAR 0 (S *T*-1)))) ,) (SBAR-ADV as (S (NP-SBJ (NP managers) (VP distracted (NP *) (PP by (NP-LGS (NP fears) (PP about (NP the future)))))) (VP allow (S (NP-SBJ their stores) (VP to (VP get (ADJP-PRD sloppy))))))))) .)) (TOP (S (NP-SBJ-1 (NP Thin merchandise selections) (PP-LOC at (NP the (ADJP most troubled) chains))) (VP are (ADVP also) (VP expected (S (NP-SBJ *-1) (VP to (VP hurt (NP sales)))))) .)) (TOP (S (NP-SBJ-1 Catalog companies) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP pose (NP (NP a bigger threat) (PP to (NP all stores))) (NP-TMP this year) , (PP-TMP (ADVP particularly) in (NP December))))))) .)) (TOP (S (NP-SBJ (QP More than 200) catalog outfits) (VP are (VP promoting (NP (NP a low-cost Federal Express service) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP guarantees (NP (NP pre-Christmas delivery) (PP of (NP (NP orders) (VP made (NP *) (PP by (NP-LGS a certain date)))))))))))) .)) (TOP (SINV `` (S-TPC-3 (ADVP Traditionally) , (NP-SBJ-1 consumers) (VP were (VP concerned (NP *-1) (PP about (S-NOM (NP-SBJ *-1) (VP ordering (PP-TMP after (NP (NP the first) (PP of (NP December))))))) (SBAR-PRP because (S (NP-SBJ they) (VP did n't (VP believe (SBAR 0 (S (NP-SBJ they) (VP would (VP get (NP it) (PP-TMP by (NP Christmas))))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Adam Strum) , (NP (NP chairman) (PP of (NP (NP the Wine Enthusiast Inc.) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP sells (NP wine cellars and accessories) (PP-MNR through (NP the mail))))))))) .)) (TOP (S-1 (S-ADV (NP-SBJ *) (VP Using (NP Federal Express delivery) (NP-TMP last year))) (PRN , (S (NP-SBJ Mr. Strum) (VP says (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ December) (VP was (NP-PRD our biggest month)) . '')) (TOP (S (NP-SBJ-1 Even Sears , Roebuck & Co.) (VP is (VP getting (PP-DIR into (NP the act)) , (S-ADV (NP-SBJ-2 *-1) (VP offering (PP-TMP for (NP the first time)) (S (NP-SBJ *-2) (VP to (VP have (S (NP-SBJ Federal Express) (VP deliver (NP (NP toys) (VP ordered (NP *) (PP by (NP-LGS Dec. 20)) (PP from (NP its Wish Book catalog))))))))))))) .)) (TOP (S (NP-SBJ K mart Corp. Chairman Joseph E. Antonini) (VP summed (PRT up) (NP (NP his outlook) (PP for (NP the Christmas season))) (PP-CLR as `` (ADJP not troublesome))) . '')) (TOP (S (S (NP-SBJ He) (VP 's not (VP predicting (NP a blockbuster)))) , but (S (NP-SBJ he) (VP is `` (ADJP-PRD (ADJP more optimistic) (PP than (ADVP-TMP (NP three months) ago))) '' (SBAR-PRP because (S (S (NP-SBJ-1 employment) (VP remains (ADJP-PRD-2 strong))) and (S (NP-SBJ=1 inflation) (ADJP-PRD=2 low)))))) .)) (TOP (S (NP-SBJ Other retailers) (VP are (ADVP also) (VP preparing (PP-CLR for (NP a ho-hum holiday)))) .)) (TOP (S (NP-SBJ (NP Philip M. Hawley) , (NP (NP chairman) (PP of (NP Carter Hawley Hale Stores Inc.))) ,) (VP expects (S (NP-SBJ (NP sales) (PP-LOC at (NP (NP department stores) (ADJP open (NP-TMP (QP at least a) year))))) (VP to (VP rise (NP (NP a modest (QP 3 % to 5 %) *U*) (PP over (NP (NP last year 's) totals))) , (PP both for (NP (NP his company) and (NP (NP the industry) (PP in (NP general))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 'm not (VP looking (PP-CLR for (NP a runaway Christmas)) (ADVP at all)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S-1 `` (S (NP-SBJ It) (VP is n't (NP-PRD a real boom holiday season) (PP in (NP our eyes)))) (PRN , '' (SINV (VP says (S *T*-1)) (NP-SBJ Woolworth Corp. Chairman Harold E. Sells)) , ``) but (S (NP-SBJ-2 it) (VP is n't (VP going (S (NP-SBJ *-2) (VP to (VP be (NP-PRD a bust)))) (ADVP either)))) . '')) (TOP (S (NP-SBJ Mr. Sells) (VP expects (S (NP-SBJ (NP fourth-quarter sales) (PP-LOC at (NP (NP his company) -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (PP besides (NP Woolworth stores)) (VP includes (NP (NP Kinney and Foot Locker shoe stores) and (NP other specialty chains))))) --))) (VP to (VP rise `` (PP-MNR (ADVP pretty much) in (NP (NP line) '' (PP with (NP (NP its year-to-date increases) (PP of (NP (QP between 8 % and 9 %) *U*)))))))))) .)) (TOP (S (NP-SBJ The estimate) (VP includes (NP (NP the results) (PP of (NP new stores)))) .)) (TOP (S (NP-SBJ (NP A consumer poll) (VP conducted (NP *) (PP-TMP in (NP early September)) (PP by (NP-LGS (NP Leo J. Shapiro & Associates) , (NP (NP a market researcher) (VP based (NP *) (PP-LOC-CLR in (NP Chicago)))) ,)))) (ADVP also) (VP suggests (NP a modest holiday)) .)) (TOP (S (PP-TPC-1 Of (NP the 450 survey respondents)) , (S (NP-SBJ (NP 35 %) (PP *T*-1)) (VP said (SBAR 0 (S (NP-SBJ-3 they) (VP expect (S (NP-SBJ *-3) (VP to (VP spend (NP (NP less) (PP *ICH*-2)) (S-CLR (NP-SBJ *) (VP buying (NP Christmas gifts))) (NP-TMP this year) (PP-2 than (NP-TMP last year)))))))))) , (SBAR while (S (NP-SBJ 28 %) (VP said (SBAR 0 (S (NP-SBJ-4 they) (VP expect (S (NP-SBJ *-4) (VP to (VP spend (NP more)))))))))) and (S (NP-SBJ 37 %) (VP said (SBAR 0 (S (NP-SBJ their gift budget) (VP would (VP stay (NP-PRD the same))))))) .)) (TOP (S (NP-SBJ The results) (VP are (ADJP-PRD almost identical (PP to (NP (NP Shapiro 's) September 1988 numbers)))) .)) (TOP (S (NP-SBJ Retailers) (VP could (VP get (NP a boost) (NP-TMP this year) (PP-CLR from (NP the calendar)))) .)) (TOP (S (NP-SBJ Christmas) (VP falls (PP-TMP-CLR on (NP a Monday)) , (S-ADV (NP-SBJ *) (VP creating (NP (NP a big last-minute weekend opportunity) (PP for (NP stores)))))) .)) (TOP (S (NP-SBJ Most) (VP will (VP (VP stay (ADJP-PRD open) (ADVP-TMP late) (NP-TMP Saturday night)) and (VP open (NP their doors) (ADVP again) (NP-TMP Sunday)))) .)) (TOP (S But (NP-SBJ-1 many consumers) (ADVP probably) (VP will (VP use (NP the extra time) (S-CLR (NP-SBJ *-1) (VP to (VP put (PRT off) (NP some purchasing) (PP-TMP until (NP the last minute))))))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ you) (VP 'll (VP hear (NP *T*-1) (SBAR-TMP as (S (NP-SBJ we) (VP get (PP-CLR into (NP December))))))))) (VP is (SBAR-PRD that (S (NP-SBJ sales) (VP are (ADJP-PRD sluggish)))))) , '' (VP predicts (S *T*-2)) (NP-SBJ (NP Woolworth 's) Mr. Sells) .)) (TOP (S `` (NP-SBJ-1 (NP The week) (VP ending (NP-TMP the 24th))) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP save (NP the entire month) (PP for (NP everyone))))))) .)) (TOP (S (NP-SBJ The Spanish author Camilo Jose Cela) (VP (VP won (NP (NP the Nobel Prize) (PP for (NP literature))) (NP-TMP yesterday)) , (NP (NP a surprising choice) , but (PRN (PP given (NP (NP the Swedish Academy 's) past perversities)) ,) (ADVP hardly) (NP (NP the (ADJP (ADJP most undeserved) and (ADJP ridiculous)) accolade) (VP handed (PRT out) (PP by (NP-LGS the awarding committee)))))) .)) (TOP (S (PP-LOC In (NP Spain)) , (ADVP anyway) , (NP-SBJ the 73-year-old Mr. Cela) (VP enjoys (NP (NP some renown) (PP for (NP (NP the novels and travel books) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP wrote (NP *T*-1) (PP-TMP during (NP (NP the parched Franco years) , (SBAR (WHNP-2 (NP (NP the everyday poverty) and (NP stagnant atmosphere)) (WHPP of (WHNP which))) (S (NP-SBJ-3 he) (VP described (NP *T*-2) (PP-MNR in (NP (ADJP brutally direct) , vivid prose)) , (S-ADV (NP-SBJ *-3) (VP beginning (PP-CLR with (NP `` (NP-TTL (NP The Family) (PP of (NP Pascal Duarte))) '' (PRN -LRB- (NP-TMP 1942) -RRB-))))))))))))))))) .)) (TOP (S (PP Unlike (NP (NP other writers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP either (VP battled (NP the fascists) (PP-TMP during (NP the Civil War))) , or (VP left (NP Spain) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ Franco) (VP triumphed (ADVP-TMP *T*-2)))))))))) , (NP-SBJ-4 Mr. Cela) (VP fought (ADVP-TMP briefly) (PP-LOC on (NP (NP the general 's) side)) , (NP-ADV no doubt) (S-ADV (NP-SBJ *-4) (VP earning (PP-MNR with (NP his war wound)) (NP (NP some forbearance) (SBAR-TMP (WHADVP when) (S (NP-SBJ-3 he) (VP went (PRT on) (S (NP-SBJ *-3) (VP to (VP depict (NP (NP a country) (PP with (NP (NP a high population) (PP of (NP (NP (NP vagabonds) , (NP murderers) and (NP rural idiots)) (VP trudging (ADVP-MNR aimlessly) (PP-DIR through (NP a dried-out land)))))))))))))))))) .)) (TOP (S (S-CLF (ADVP Still) , (NP-SBJ it) (VP was (PP-PRD in (NP Argentine editions)) (SBAR (WHADVP-4 that) (S (NP-SBJ his countrymen) (ADVP-TMP first) (VP read (NP (NP his story) (PP of (NP (NP Pascal Duarte) , (NP (NP a field worker) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP stabbed (NP his mother) (PP-CLR to (NP death))) and (VP has (NP no regrets) (SBAR-TMP as (S (NP-SBJ he) (VP awaits (NP his end) (PP-LOC in (NP a prison cell))))))))))))) (ADVP-LOC *T*-4)))))) : `` (S (NP-SBJ Fate) (VP (VP directs (NP-2 some men) (PP-DIR-3 down (NP the flower-bordered path))) , and (VP (NP=2 others) (PP-DIR=3 down (NP (NP the road) (VP bordered (NP *) (PP-CLR with (NP (NP thistles) and (NP prickly pears))))))))) .)) (TOP (S (NP-SBJ The lucky ones) (VP (VP gaze (ADVP out) (PP-CLR at (NP life)) (PP-MNR with (NP serene eyes))) and (VP smile (PP-MNR with (NP (NP a face) (PP of (NP innocence)))) (PP-CLR at (NP their perfumed happiness)))) .)) (TOP (S (NP-SBJ The others) (VP (VP endure (NP (NP the hot sun) (PP of (NP the plains)))) and (VP scowl (PP-MNR like (NP cornered wild beasts)))) . '')) (TOP (S (NP-SBJ (NP Mr. Cela) (NP himself)) (VP was (NP-PRD (NP one) (PP of (NP the lucky ones))) , (S-ADV (NP-SBJ his fortunes) (ADVP-MNR steadily) (VP increasing (PP-TMP over (NP (NP the decades) (SBAR (WHNP-1 0) (S (NP-SBJ-2 he) (VP spent (NP *T*-1) (S-CLR (NP-SBJ *-2) (VP putting (PRT out) (NP (QP some 70) (NX (NX travelogues) , (NX novels) , (NX short story collections) and (NX poetry))))))))))))) .)) (TOP (S (NP-TMP These days) , (NP-SBJ-1 he) (VP is (ADJP-PRD (NP as known) (PP for (NP (NP his flamboyant tastes) and (NP (NP the youthful muse) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP shares (NP his life))))))) (SBAR as (S (NP-SBJ he) (VP is (ADJP-PRD *?*) (PP-PRD for (NP his books))))))) .)) (TOP (S (NP-SBJ (NP The man) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP wore (PRT out) (NP his shoes) (S-CLR (NP-SBJ *-3) (VP wandering (PP-DIR around (NP Guadalajara)) (PP-TMP in (NP 1958)) (S-ADV *PPA*-4))) , (S-ADV-4 (NP-SBJ *-3) (VP describing (PP-LOC in (NP (NP his travel book) `` (NP-TTL Viaje a la Alcarria) '')) (SBAR (WHADVP-2 how) (S (NP-SBJ he) (VP (VP scrounged (PP-CLR for (NP food))) and (VP stayed (PP-LOC-CLR in (NP squalid inns))) (ADVP-MNR *T*-2)))))) ,)))) (ADVP-TMP now) (VP tours (NP Spain) (PP-LOC in (NP a Rolls-Royce))) .)) (TOP (S (PP Of (NP his 10 novels)) , (NP-SBJ-1 `` (NP-TTL The Hive) '' (PRN -LRB- (NP-TMP 1951) -RRB-) , (ADJP (ADJP full (PP of (NP (NP sharp vignettes) (PP of (NP Madrid life))))) and (ADJP centered (PP on (NP (NP a cafe) (VP run (NP *) (PP by (NP-LGS (NP Dona Rosa) , (NP (NP a foul-mouthed , broad-based woman) (PP with (NP (NP blackened little teeth) (VP encrusted (NP *) (PP-MNR in (NP filth))))))))))))) ,) (VP used (S (NP-SBJ-4 *-1) (VP to (VP be (ADJP-PRD available (PP in (NP English))) , (S-ADV (NP-SBJ *-4) (VP (VP translated (NP *) (PP by (NP-LGS J.M. Cohen))) and (VP published (NP *) (PP by (NP-LGS (NP Ecco Press) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (ADVP-TMP now) (NP-ADV no doubt) (VP regrets (S (NP-SBJ *-3) (VP relinquishing (NP its copyright))))))))))))))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP is (ADVP-LOC-PRD *T*-1)) (NP-SBJ an excerpt) :)) (TOP (S (NP-SBJ The lonely woman) (VP walks (PRT on) (PP-DIR in (NP (NP the direction) (PP of (NP the Plaza de Alonso Martinez))))) .)) (TOP (S (NP-SBJ Two men) (VP have (NP a conversation) (PP-LOC behind (NP (NP one) (PP of (NP (NP the windows) (PP of (NP (NP the cafe) (PP on (NP (NP the corner) (PP of (NP the boulevard))))))))))) .)) (TOP (S (NP-SBJ Both) (VP are (ADJP-PRD young) , (S-ADV (S (NP-SBJ one) (ADJP-PRD twenty odd)) , (S (NP-SBJ the other) (ADJP-PRD thirty odd)))) .)) (TOP (S (S (NP-SBJ The older one) (VP looks (PP-CLR like (NP (NP a member) (PP of (NP (NP the jury) (PP for (NP a literary award)))))))) , (S (NP-SBJ the younger one) (VP looks (PP-CLR like (NP a novelist)))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADJP-PRD evident) (SBAR-1 that (S (NP-SBJ their conversation) (VP runs (ADVP more or less) (PP-MNR on (NP (NP the following lines) : `` (S (S (NP-SBJ I) (VP 've (VP submitted (NP (NP the manuscript) (PP of (NP my novel))) (PP-MNR under (NP (NP the title) ` (NP-TTL Teresa de Cepeda)))))) , ' and (S (PP-LOC in (NP it)) (NP-SBJ I) (VP 've (VP treated (NP (NP a few neglected aspects) (PP of (NP (NP that eternal problem) (SBAR (WHNP which))))))))) ... '')))))))) (TOP (INTJ `` Oh , yes .)) (TOP (SQ Will (NP-SBJ you) (VP pour (NP-BNF me) (NP (NP a drop) (PP of (NP water))) , (SBAR-ADV if (S (NP-SBJ you) (VP do n't (VP mind))))) ? '')) (TOP (PP-MNR `` With (NP pleasure) .)) (TOP (S (S (NP-SBJ I) (VP 've (VP revised (NP it) (NP-TMP several times)))) and (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ I) (VP may (VP say (PP-MNR with (NP pride)) (SBAR that (S (NP-SBJ there) (VP is not (NP-PRD (NP a single discordant word) (PP-LOC in (NP the whole text)))))))))))) . '')) (TOP (FRAG (WHADVP `` How interesting . ''))) (TOP (S `` (NP-SBJ I) (VP think (ADVP so)) .)) (TOP (S (S (NP-SBJ I) (VP do n't (VP know (NP (NP the quality) (PP of (NP (NP the works) (SBAR (WHNP-1 0) (S (NP-SBJ my colleagues) (VP have (VP sent (PP-DIR in (NP *T*-1)))))))))))) , but (S (PP in (NP any case)) (NP-SBJ I) (VP feel (ADJP-PRD confident (SBAR that (FRAG (NP (NP good sense) and (NP honest judgment))))))) ... '')) (TOP (S `` (S (NP-SBJ-1 *) (VP Rest (S-CLR (NP-SBJ *-1) (ADJP-PRD assured)))) , (S (NP-SBJ we) (VP proceed (PP-MNR with (NP exemplary fairness)))) . '')) (TOP (S `` (NP-SBJ I) (VP do n't (VP doubt (NP it) (PP-TMP for (NP a moment)))) .)) (TOP (S (NP-SBJ It) (VP does not (VP matter (SBAR if (S (NP-SBJ-1 one) (VP is (VP defeated (NP *-1))))) , (PP provided (SBAR 0 (S (NP-SBJ (NP the work) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP gets (NP the award))))) (VP has (NP unmistakable qualities))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD so discouraging)))) (VP is) ... '')) (TOP (S (PP-LOC In (S-NOM (NP-SBJ *-1) (VP passing (NP the window)))) , (NP-SBJ-1 Senorita Elvira) (VP gives (NP them) (NP a smile) -- (ADVP simply) (PP out (PP of (NP habit)))) .)) (TOP (S (NP-SBJ Ashland Oil Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP take (NP (NP after-tax charges) (PP of (NP (NP (QP $ 78 million) *U*) , or (NP (NP $ 1.40 *U*) (NP-ADV a share)) ,))) (PP-TMP in (NP (NP its fiscal fourth quarter) , (VP ended (NP-TMP Sept. 30))))))))) .)) (TOP (S (PP-PRP Because of (NP the charge)) , (NP-SBJ-1 Ashland) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP (NP a loss) (PP for (NP the fourth quarter))) and (NP `` (NP (ADJP significantly lower) results) '' (PP for (NP fiscal 1989)))))))) .)) (TOP (S (NP-SBJ The oil refiner) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP report (NP fiscal fourth quarter and 1989 results) (NP-TMP next week)))))) .)) (TOP (S (NP-SBJ The company) (VP earned (NP (NP (QP $ 66 million) *U*) , or (NP (NP $ 1.19 *U*) (NP-ADV a share)) ,) (PP on (NP (NP revenue) (PP of (NP (QP $ 2.1 billion) *U*)))) (PP-TMP in (NP the year-ago fourth quarter))) .)) (TOP (S (PP For (NP fiscal 1988)) , (NP-SBJ Ashland) (VP had (NP (NP net) (PP of (NP (NP (QP $ 224 million) *U*) , or (NP (NP $ 4.01 *U*) (NP-ADV a share)) ,))) (PP on (NP (NP revenue) (PP of (NP (QP $ 7.8 billion) *U*))))) .)) (TOP (S (NP-SBJ Both revenue figures) (VP exclude (NP excise taxes)) .)) (TOP (S (NP-SBJ The charges) (VP consist (PP-CLR of : (NP (NP (NP a (ADJP (QP $ 25 million) *U*) after-tax charge) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP cover (NP (NP cost overruns) (PP-LOC in (NP (NP Ashland 's) Riley Consolidated subsidiary)))))))) ; (NP (NP a (ADJP previously announced) (ADJP (QP $ 38 million) *U*) after-tax charge) (VP resulting (PP-CLR from (NP (NP a (ADJP (QP $ 325 million) *U*) settlement) (PP with (NP National Iranian Oil Co.)))))) and (NP (NP a (ADJP (QP $ 15 million) *U*) after-tax charge) (PP from (NP (NP the (ADJP previously announced) sale) (PP of (NP its Ashland Technology Corp. subsidiary)))))))) .)) (TOP (S (NP-SBJ Ashland) (VP expects (S (NP-SBJ that sale) (VP to (VP be (ADJP-PRD complete) (NP-TMP next year))))) .)) (TOP (S (NP-SBJ (NP The charge) (PP for (NP the Riley subsidiary))) (VP is (PP-PRD for (NP (NP expected costs) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP correct (NP (NP problems) (PP with (NP (NP certain bed boilers) (VP built (NP *) (PP for (NP utilities))))))))))))) .)) (TOP (S (NP-SBJ-1 The charge) (VP will (VP be (VP added (NP *-1) (PP-CLR to (NP (NP (QP $ 20 million) *U*) (PP in (NP reserves)) (VP established (NP *) (ADVP-TMP (NP a year) ago) (S-PRP (NP-SBJ *) (VP to (VP cover (NP the cost overruns)))))))))) .)) (TOP (SQ (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ President Bush) (VP arrives (ADVP-DIR here) (NP-TMP next week) (PP-PRP for (NP (NP a hemispheric summit) (VP organized (NP *) (S-PRP (NP-SBJ *) (VP to (VP commemorate (NP (NP a century) (PP of (NP (ADJP Costa Rican) democracy))))))))) (ADVP-TMP *T*-1)))) , will (NP-SBJ-2 he) (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP deliver (NP a credible message))))) (PP in (NP (NP the wake) (PP of (NP the Panamanian fiasco))))) ?)) (TOP (S (ADVP Undoubtedly) (NP-SBJ-1 Mr. Bush) (VP will (VP be (VP praised (NP *-1) (PP by (NP-LGS (NP some Latin leaders) (ADJP prone (S (NP-SBJ *) (VP to (VP pay (NP lip service) (PP-CLR to (NP nonintervention)))))))) , (SBAR-ADV while (S (NP-SBJ they) (ADVP-MNR privately) (VP encourage (NP (NP (ADJP more assertive) U.S. action) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP (VP remove (NP Gen. Manuel Noriega)) and (VP safeguard (NP their countries) (PP-CLR from (NP a Sandinista onslaught)))))))))))))) .)) (TOP (S (NP-SBJ The Panamanian affair) (VP is (NP-PRD (NP only the tip) (PP of (NP a (ADJP more alarming) iceberg)))) .)) (TOP (S (NP-SBJ It) (VP originates (PP-CLR in (NP a Bush administration decision (S (NP-SBJ-2 *) not (VP to (VP (VP antagonize (NP the U.S. Congress)) and (VP avoid , (PP at (NP all costs)) , (S (NP-SBJ-1 *-2) (VP being (VP accused (NP-3 *-1) (PP-CLR of (S-NOM (NP-SBJ *-3) (VP meddling (PP-LOC in (NP the region))))))))))))))) .)) (TOP (S (NP-SBJ The result) (VP has (VP been (NP-PRD (NP a dangerous vacuum) (PP of (NP U.S. leadership)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP leaves (S (NP-SBJ Central America) (ADJP-PRD open (PP to (NP Soviet adventurism)))))))))) .)) (TOP (SINV `` (S-TPC-3 (S (NP-SBJ-2 (NP The -LCB- influence) (PP of (NP the -RCB- U.S.))) (VP is not (VP being (VP felt (NP *-2) (PP-LOC in (NP Central America)))))) ; (S (NP-SBJ-1 (NP Washington 's) decisions) (VP (VP do not (VP respond (PP-CLR to (NP a policy)))) , and (VP are (VP divorced (NP *-1) (PP-CLR from (NP reality))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Fernando Volio) , (NP (NP a (ADJP Costa Rican) congressman) and (NP former foreign minister))) .)) (TOP (S (NP-SBJ (NP The disarray) (PP of (NP (NP the Bush administration 's) Latin diplomacy))) (VP was (ADJP-PRD evident) (PP-LOC in (NP (NP the failure (S *ICH*-1)) (PP of (NP (NP the Organization) (PP of (NP American States)))) (S-1 (NP-SBJ *) (VP to (VP condemn (ADVP-MNR categorically) (NP Gen. Noriega))))))) .)) (TOP (S (S-ADV (NP-SBJ-3 *-2) (VP Faced (NP *-3) (PP-CLR with (NP this embarrassment)))) , (NP-SBJ-2 U.S. diplomats) (VP expressed (NP confidence (SBAR that (S (NP-SBJ (NP the influential Rio Group) (PP of (NP (ADJP South American) nations)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP gathered (NP-TMP last week) (PP-LOC in (NP Peru))))) ,) (VP would (VP take (NP (NP a stronger posture) (PP toward (NP the Panamanian dictator))))))))) .)) (TOP (S (S But (ADVP other (PP than (NP (NP a few slaps) (PP on (NP the wrist))))) , (NP-SBJ Gen. Noriega) (VP went (ADJP-PRD unpunished (PP by (NP that body))) , (ADVP too))) ; (S (NP-SBJ-1 he) (VP was not (VP (ADVP even) singled (PRT out) (NP *-1) (PP-LOC in (NP the closing statement))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ Mr. Bush) (VP will (VP (VP come (PP-DIR to (NP Costa Rica))) and (VP encounter (NP (NP Nicaraguan strongman Daniel Ortega) , (ADJP eager (PP for (NP (NP photo opportunities) (PP with (NP the U.S. president))))))))) .)) (TOP (S (NP-SBJ (NP The host) , (NP Costa Rican President Oscar Arias) ,) (VP did not (VP invite (NP Chile , Cuba , Panama or Haiti) (PP-DIR to (NP (NP the summit) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP was (S (NP-SBJ-1 *-3) (VP to (VP be (VP restricted (NP *-1) (PP-CLR to (NP democracies))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ-1 Mr. Ortega) (VP was (VP included (NP *-1))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (ADVP-MNR Formally) (VP upgrading (NP the Sandinistas) (PP-CLR to (NP a democratic status)))) (VP was (NP-PRD (NP an initiative) (VP (ADVP-MNR harshly) criticized (NP *) (PP-LOC in (NP the (ADJP Costa Rican) press))))) .)) (TOP (S (NP-SBJ (NP Even Carlos Manuel Castillo) -- (NP (NP the presidential candidate) (PP for (NP (NP Mr. Arias 's) National Liberation Party))) --) (VP made (S (ADJP-PRD public) (NP-SBJ (NP his opposition) (PP to (NP (NP the presence) (PP of (NP Nicaragua)) `` (PP-LOC in (NP a democratic festivity))))))) . '')) (TOP (S (ADVP Nevertheless) , (NP-SBJ the Bush administration) (VP agreed (PP-CLR to (NP the dubious arrangement)) (PP-TMP in (NP July)) , (SBAR-TMP (NP-ADV a few weeks) before (S (NP-SBJ-1 the (ADJP Central American) presidents) (VP met (PP-LOC in (NP (NP Tela) , (NP Honduras) ,)) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP discuss (NP (NP a timetable) (PP for (S-NOM (NP-SBJ *) (VP disbanding (NP the anti-Sandinista rebels)))))))))))) .)) (TOP (S (PP According (PP to (NP (NP officials) (PP-LOC in (NP Washington))))) , (NP-SBJ the State Department) (VP hoped (SBAR that (S (PP-MNR by (S-NOM (NP-SBJ *-2) (VP pleasing (NP President Arias)))) , (NP-SBJ-2 it) (VP would (VP gain (NP (NP his support) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP postpone (NP (NP any decision) (PP on (NP the Contras))) (PP-TMP until (SBAR after (S (NP-SBJ-1 (NP (NP Mr. Ortega 's) promises) (PP of (NP democratic elections))) (VP were (VP tested (NP *-1) (NP-TMP next February)))))) (ADVP-MNR *T*-3))))))))))) .)) (TOP (S (ADVP However) , (S-NOM-SBJ (NP-SBJ *) (VP relying (PP-CLR on (NP (NP an ardent critic) (PP of (NP (NP the Reagan administration) and (NP the Contra movement))))) (PP-CLR for (NP (NP help) (PP in (S-NOM (NP-SBJ *) (VP delaying (NP (NP the disarming) (PP of (NP the Contras)))))))))) (VP was (NP-PRD risky business)) .)) (TOP (S And (NP-SBJ-3 (NP even some last-minute phone calls) (SBAR (WHNP-1 that) (S (NP-SBJ Mr. Bush) (VP made (NP *T*-1) (PRN -LRB- (PP at (NP (NP the behest) (PP of (NP some conservative U.S. senators)))) -RRB-)))) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP enlist (NP (NP backing) (PP for (NP the U.S. position)))))))) (VP failed (S (NP-SBJ *-3) (VP to (VP stop (NP (NP the march) (PP of (NP (NP Mr. Arias 's) agenda))))))) .)) (TOP (S (ADVP-TMP Prior (PP to (NP this episode))) , (NP-SBJ-1 (NP Sen. Christopher Dodd) (PRN -LRB- (NP (NP D.) , (NP-LOC Conn.)) -RRB-)) , (S-ADV (NP-SBJ *-1) (VP sensing (NP an open field))) , (VP undertook (NP (NP a personal diplomatic mission) (PP through (NP Central America)) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP promote (NP (NP an early disbanding) (PP of (NP the rebels))) (ADVP-MNR *T*-2))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Visiting (NP Nicaragua))) , (NP-SBJ-1 he) (VP (VP praised (NP the Sandinistas) (PP-CLR for (NP their electoral system))) and (VP chided (NP-2 the Bush administration) (PP-CLR for (S-NOM (NP-SBJ *-2) not (VP rewarding (NP the Sandinistas)))))) .)) (TOP (S (PP-LOC In (NP (NP Honduras) , (SBAR (WHADVP where) (S (NP-SBJ the Contras) (VP are (NP-PRD a hot political issue)))) ,)) (NP-SBJ-1 he) (VP promised (S (NP-SBJ *-1) (VP to (VP help (VP unblock (NP (NP (QP some $ 70 million) *U*) (PP in (NP (NP assistance) (VP withheld (NP *) (PP-PRP due to (NP (NP the failure (S *ICH*-2)) (PP of (NP local agencies)) (S-2 (NP-SBJ *) (VP to (VP comply (PP-CLR with (NP (NP conditions) (VP agreed (PP upon (NP *)) (PP-CLR with (NP Washington))))))))))))))))))) .)) (TOP (S (S (NP-SBJ Aid) (VP was (ADVP also) (NP-PRD (NP the gist) (PP of (NP (NP the talks) (SBAR (WHNP-1 0) (S (NP-SBJ Sen. Dodd) (VP had (NP *T*-1) (PP with (NP Salvadoran President Alfredo Cristiani)))))))))) ; (S (NP-SBJ-2 (NP Mr. Cristiani 's) government) (VP (VP is (ADVP very much) (PP-PRD at (NP (NP the mercy) (PP of (NP U.S. largess))))) and (VP is (VP forced (S (NP-SBJ *-2) (VP to (VP listen (ADVP-MNR very carefully) (PP-CLR to (NP (NP Sen. Dodd 's) likes and dislikes))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP was (ADVP therefore) (ADJP-PRD not surprising) (SBAR-1 that (S (NP-SBJ (NP close allies) (PP of (NP the U.S.)) , (VP (ADVP virtually) neglected (NP *) (PP by (NP-LGS the Bush administration)) ,)) (VP ordered (S (NP-SBJ-2 the Nicaraguan insurgents) (VP dismantled (NP *-2) (PP-TMP by (NP December)) , (PP-TMP (ADVP long) before (NP the elections)))))))) .)) (TOP (S (ADVP Fittingly) , (NP-SBJ-1 the Tela Accords) (VP were (VP nicknamed (S (NP-SBJ *-1) (NP-PRD *ICH*-2)) (PP by (NP-LGS Hondurans)) `` (NP-PRD-2 the Dodd plan))) . '')) (TOP (S (NP-SBJ (NP The individual foreign policy) (VP carried (PRT out) (NP *) (PP by (NP-LGS U.S. legislators)))) (VP adds (PP-CLR to (NP (NP a confusing U.S. performance) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP emboldened (NP (NP Soviet initiatives) (PP-LOC in (NP Central America)))))))))) .)) (TOP (S (PP-TMP On (NP Oct. 3)) , (PP-TMP following (NP (NP conversations) (PP with (NP (NAC Secretary (PP of (NP State))) James Baker)))) , (NP-SBJ-1 Soviet Foreign Minister Eduard Shevardnadze) (VP arrived (PP-DIR in (NP Managua)) (S-PRP (NP-SBJ *-1) (VP to (VP acclaim `` (NP (NP Nicaragua 's) great peace efforts))))) . '')) (TOP (S (S (ADVP-LOC There) , (NP-SBJ-1 Mr. Shevardnadze) (VP felt (VP legitimized (S (NP-SBJ *-1) (VP to (VP unveil (NP his own peace plan))))))) : (S (NP-SBJ The U.S.S.R.) (VP would (VP prolong (NP (NP a suspension) (PP of (NP (NP arms shipments) (PP to (NP Nicaragua))))) (PP-TMP after (NP the February election)) (SBAR-ADV if (S (NP-SBJ the U.S.) (VP did (ADVP-MNR likewise) (PP with (NP (NP its allies) (PP in (NP Central America)))))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP called (PP-CLR on (NP-1 (NP Nicaragua 's) neighbors)) (S (NP-SBJ *-1) (VP to (VP accept (NP (NP a `` military equilibrium '') (VP guaranteed (NP *) (PP by (NP-LGS both superpowers)))))))) .)) (TOP (S (NP-SBJ The Pentagon) (VP claims (SBAR that (S (PP in (NP (NP spite) (PP of (NP (NP Moscow 's) words)))) , (NP-SBJ-1 East bloc weapons) (VP continue (S (NP-SBJ *-1) (VP to (VP flow (PP-DIR into (NP Nicaragua)) (PP-DIR through (NP Cuba)) (PP at (NP near-record levels))))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ (NP Mr. Shevardnadze 's) proposals) (VP followed (NP (NP discussions) (PP with (NP Mr. Baker)))))) , (NP-SBJ speculations (SBAR *ICH*-1)) (VP arose (SBAR-1 that (S (NP-SBJ the Bush administration) (VP was (VP seeking (NP (NP an accommodation) (PP with (NP the Soviets)) (PP-LOC in (NP Central America)))))))) .)) (TOP (S (NP-SBJ This scheme) (VP would (VP fit (NP (NP the Arias Plan) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP declared (NP (NP a false symmetry) (PP between (NP (NP (NP Soviet military aid) (PP to (NP the Sandinista dictatorship))) and (NP (NP that) (VP provided (NP *) (PP by (NP-LGS Washington)) (PP-DTV to (NP (ADJP freely elected) governments))))))))))))) .)) (TOP (S (ADVP Furthermore) , (NP-SBJ-1 it) (VP is (ADVP also) (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP encourage (NP (NP (NP those) (PP-LOC on (NP Capitol Hill))) (VP asking (PP-CLR for (NP (NP cuts) (PP-LOC in (NP (NP the assistance) (PP to (NP El Salvador)))))))))))) (SBAR-ADV if (S (NP-SBJ President Cristiani) (VP does not (VP bend (PP-CLR to (NP (NP demands) (PP of (NP the Marxist guerrillas))))))))) .)) (TOP (S (NP-SBJ-1 (NP The sad condition) (PP of (NP (NP U.S. policy) (PP-LOC in (NP Central America))))) (VP is (ADVP best) (VP depicted (NP *-1) (PP by (NP-LGS (NP the recent end) (PP to (NP (NP U.S. sponsorship) (PP of (NP Radio Costa Rica)))))))) .)) (TOP (S (PP-TMP In (NP 1984)) , (NP-SBJ the Costa Rican government) (VP requested (NP help (S (NP-SBJ *) (VP to (VP establish (NP a radio station) (PP-LOC in (NP (NP the northern part) (PP of (NP the country)) , (VP flooded (NP *) (PP by (NP-LGS (NP airwaves) (PP of (NP Sandinista propaganda)))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Recovering (NP radiophonic sovereignty))) (VP was (NP-PRD (NP the purpose) (PP of (NP (NP Radio Costa Rica) , (VP (VP funded (NP *) (PP by (NP-LGS the U.S.))) and (VP affiliated (NP *) (PP-CLR with (NP (NP the Voice) (PP of (NP America)) (PRN -LRB- (NP VOA) -RRB-))))))))) .)) (TOP (S (ADVP-TMP (NP A few months) ago) , (NP-SBJ-1 the Bush administration) (VP decided (S (NP-SBJ *-1) (VP to (VP stop (NP this cooperation)))) , (S-ADV (NP-SBJ *) (VP leaving (S (NP-SBJ Radio Costa Rica) (VP operating (PP-MNR on (NP a shoestring))))))) .)) (TOP (S (PP According (PP to (NP news reports))) , (NP-SBJ the abrupt termination) (VP was (ADJP-PRD due (PP to (NP fears (SBAR that (S (NP-SBJ VOA transmissions) (VP could (VP interfere (PP-CLR with (NP the peace process)))))))))) .)) (TOP (S (PP-TMP In (NP the meantime)) , (NP-SBJ Russia) (VP gave (NP Nicaragua) (NP (NP another powerful radio transmitter) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP installed (NP *-1) (PP-LOC in (NP (NP the city) (PP of (NP Esteli))))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP is (ADJP-PRD capable (PP of (S-NOM (NP-SBJ *-1) (VP reaching (UCP (NP the entire Caribbean area) and (PP (ADVP deep) into (NP North America)))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ its loud signal) (VP may (VP generate (NP (NP some awareness) (PP of (S-NOM (NP-SBJ-1 the Soviet condominium) (VP being (VP created (NP *-1) (PP-LOC in (NP the isthmus)) (ADVP thanks (PP to (NP U.S. default)))))))))) .)) (TOP (S (NP-SBJ (NP The Soviet entrenchment) (PP-LOC in (NP Nicaragua))) (VP is (ADJP-PRD alarming) (PP for (NP (NP Costa Rica) , (NP (NP a peaceful democracy) (PP without (NP an army)))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-3) (VP Questioned (NP *-2) (PP-LOC in (NP Washington)) (PP-CLR about (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP would (VP happen (SBAR-ADV if (S (NP-SBJ his much-heralded peace plan) (VP would (VP fail))))))))))) , (NP-SBJ-3 President Arias) (VP voiced (NP (NP expectations) (PP of (NP direct U.S. action)))) .)) (TOP (S (NP-SBJ (NP A poll) (VP conducted (NP *) (PP-TMP in (NP July)) (PP by (NP-LGS a Gallup affiliate)))) (VP showed (SBAR that (S (NP-SBJ (NP 64 %) (PP of (NP Costa Ricans))) (VP believe (SBAR that (S (SBAR-ADV if (S (NP-SBJ-1 their country) (VP is (ADVP-MNR militarily) (VP attacked (NP *-1) (PP by (NP-LGS either Nicaragua or Panama)))))) , (NP-SBJ the U.S.) (VP will (VP come (PP-DIR to (NP its defense)))))))))) .)) (TOP (S But (PP in (NP (NP the light) (PP of (NP (NP events) (PP-LOC in (NP (NP Panama) , (SBAR (WHADVP-1 where) (S (NP-SBJ the U.S.) (VP has (NP such clear strategic interests) (ADVP-LOC *T*-1)))) ,)))))) (S-NOM-SBJ-2 (NP-SBJ *) (VP waiting (PP-CLR for (NP the Delta Force)))) (VP may (VP prove (S (NP-SBJ *-2) (VP to (VP be (NP-PRD a dangerous gambit)))))) .)) (TOP (S (NP-SBJ Mr. Daremblum) (VP is (NP-PRD (NP a lawyer) and (NP (NP a columnist) (PP for (NP La Nacion newspaper))))) .)) (TOP (S (NP-SBJ Holiday Corp.) (VP said (SBAR 0 (S (NP-SBJ net income) (VP jumped (NP-EXT 89 %)) , (PP (ADVP partly) on (NP (NP the strength) (PP of (NP (NP record operating income) (PP-LOC in (NP its gaming division))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ the hotel and gambling giant) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (VP proceeding (PP-CLR with (NP plans (S (NP-SBJ *) (VP to (VP (VP make (NP a tender offer)) and (VP solicit (NP consents)) (PP with (NP (NP respect) (PP to (NP (NP (QP approximately $ 1.4 billion) *U*) (PP of (NP its (ADJP publicly traded) debt)))))))))))))))) .)) (TOP (S (NP-SBJ That debt) (VP is (NP-PRD (NP part) (PP of (NP (NP the (QP $ 2.1 billion) *U*) (PP of (NP (NP Holiday debt) (SBAR (WHNP-1 that) (S (NP-SBJ (NP Bass PLC) (PP of (NP Britain))) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP retire or assume (NP *T*-1))))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-2 it) (VP agreed (S (NP-SBJ *-2) (VP to (VP buy (NP the Holiday Inn business)))) (PP-TMP in (NP August)) (ADVP-TMP *T*-3))))))))))))) .)) (TOP (S (NP-SBJ Holiday) (VP said (SBAR 0 (S (NP-SBJ third-quarter earnings) (VP rose (PP-DIR to (NP (NP (QP $ 39.8 million) *U*) , or (NP (NP $ 1.53 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 21 million) *U*) , or (NP (NP 84 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ (NP Results) (PP for (NP the quarter))) (VP included (NP (NP (NP (QP $ 19.2 million) *U*) (PP in (NP (NP pretax gains) (PP from (NP (NP property transactions) , (PP including (NP (NP the sale) (PP of (NP one Embassy Suites hotel)))) ,))))) and (NP (NP (QP $ 3.5 million) *U*) (PP of (NP (NP nonrecurring costs) (VP associated (NP *) (PP-CLR with (NP (NP the acquisition) (PP of (NP the Holiday Inn business)) (PP by (NP Bass)))))))))) .)) (TOP (S (NP-SBJ Holiday) (VP said (SBAR 0 (S (NP-SBJ (NP operating income) (VP related (NP *) (PP-CLR to (NP gaming)))) (VP increased (NP-EXT 4.5 %) (PP-DIR to (NP a record (QP $ 61.4 million) *U*)) (PP-DIR from (NP (QP $ 58.8 million) *U*) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ The jump) (VP reflected (NP (NP (NP record results) (PP-LOC in (NP (NP (NP Las Vegas) , (NP Nev.) ,) and (NP (NP Atlantic City) , (NP N.J.) ,)))) (CONJP as well as) (NP (NP (NP a full quarter 's) results) (PP from (NP (NP (NP Harrah 's) Del Rio) (PP-LOC in (NP (NP Laughlin) , (NP Nev)))))))) .)) (TOP (S (NP-SBJ Third-quarter revenue) (VP rose (NP-EXT 2.7 %) (PP-DIR to (NP (QP $ 433.5 million) *U*)) (PP-DIR from (NP (QP $ 422.1 million) *U*))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ earnings) (VP fell (NP-EXT 2.9 %) (PP-DIR to (NP (NP (QP $ 99.1 million) *U*) , or (NP (NP $ 3.86 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 102.1 million) *U*) , or (NP (NP $ 4.10 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Revenue) (VP dropped (NP-EXT 1.6 %) (PP-DIR to (NP (QP $ 1.21 billion) *U*)) (PP-DIR from (NP (QP $ 1.23 billion) *U*))) .)) (TOP (S (NP-SBJ-1 The tender offer and consent solicitation) (VP will (VP be (VP made (NP *-1) (PP-CLR to (NP debtholders)) (PP-TMP in (NP December))))) .)) (TOP (S (PP In (NP effect)) , (NP-SBJ Holiday) (VP is (VP asking (NP holders) (PP-CLR for (NP permission (SBAR for (S (NP-SBJ Bass) (VP to (VP buy (NP their debt))))))))) .)) (TOP (S (NP-SBJ Holiday) (VP said (SBAR 0 (S (NP-SBJ-1 Salomon Brothers Inc.) (VP has (VP been (VP retained (S (NP-SBJ *-1) (VP to (VP act (PP-MNR as (NP the (NX (NX dealer-manager) and (NX financial adviser))))))) (PP in (NP (NP connection) (PP with (NP the offer and solicitation)))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP The debt issues) (VP involved (NP *))) and (NP the (NX (NX proposed consent fees) and (NX cash tender offer prices)))) (PRN -LRB- (S-ADV (NP-SBJ *-1) (VP expressed (NP *) (PP per (NP (NP $ 1,000 *U*) (PP of (NP principal amount)))))) -RRB-) (VP are (SBAR-PRD as (S (NP-SBJ *) (VP follows : (NP (NP (NP (ADJP (QP 10 1) %) senior notes) (ADJP due (NP-TMP 1994) (PP at (NP 101 %)))) ; (NP (NP (ADJP 11 %) subordinated debt) (ADJP due (NP-TMP 1999) (PP at (NP 102 %)))) ; (NP (NP (ADJP (QP 9 3) %) notes) (ADJP due (NP-TMP 1993) (PP at (NP 100 %)))) ; and (NP (NP (ADJP (QP 8 3) %) notes) (ADJP due (NP 1996) (PP at (NP 95.25 %))))))))) .)) (TOP (S (NP-SBJ Holiday) (VP said (SBAR 0 (S (NP-SBJ-1 (NP its (ADJP 15 %) notes) (ADJP due (NP-TMP 1992))) (ADVP also) (VP will (VP be (VP included (NP *-1) (PP-CLR in (NP the tender offer and consent solicitation)) (PP at (NP (NP a price) (SBAR (WHNP-3 0) (S (NP-SBJ-2 *T*-3) (VP to (VP be (VP determined (NP *-2) (PP by (NP-LGS Holiday)) (ADVP-TMP prior (PP to (NP (NP the commencement) (PP of (NP the offer)))))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The television units) (PP of (NP (NP Paramount Communications Inc.) and (NP MCA Inc.)))) (VP are (VP exploring (NP (NP the possibility) (PP of (S-NOM (NP-SBJ *) (VP offering (NP prime-time programming) (PP-DTV to (NP independent stations)) (NP-TMP (NP two nights) (NP-ADV a week))))))))) , (NP-SBJ industry executives) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ such a venture) (VP would n't (VP match (NP (NP the `` fourth network '') (VP created (NP *) (PP by (NP-LGS (NP News Corp. 's) Fox Broadcasting Co.)))))))) , (NP-SBJ MCA and Paramount) (VP may (VP have (NP similar ambitions))) .)) (TOP (S (NP-SBJ (NP Fox) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP owns (NP six TV stations)))) ,) (VP provides (NP programs) (NP-TMP (NP three nights) (NP-ADV a week)) (PP-CLR to (NP those and other affiliates))) .)) (TOP (S (NP-SBJ (NP Paramount Domestic TV) and (NP MCA TV)) (VP formed (NP (NP a joint venture) (VP *ICH*-1) (SBAR *ICH*-4)) (NP-TMP last month) , (VP-1 named (S (NP-SBJ *) (NP-PRD Premier Advertiser Sales))) , (SBAR-4 (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP sell (NP (NP advertising) (PP in (NP (NP programs) (VP syndicated (NP *) (PP by (NP-LGS both companies))) , (PP such as (NP `` (NP-TTL (NP Star Trek) : (NP the Next Generation)) , '' `` (NP-TTL (NP Charles) (PP in (NP Charge))) '' and `` (NP-TTL (NP (NP Friday) (NP the 13th)) : (NP the Series)))))))))))) . '')) (TOP (S (NP-SBJ (NP A spokeswoman) (PP for (NP Paramount))) (VP said (SBAR 0 (S (NP-SBJ the company) (VP does n't (VP comment (PP-CLR on (NP speculation))))))) .)) (TOP (S (NP-SBJ-2 (NP Calls) (PP to (NP (NP Shelly Schwab) , (NP (NP president) (PP of (NP MCA TV))) ,))) (VP were n't (VP returned (NP *-2))) .)) (TOP (S (NP-SBJ The two companies) , (PP like (NP Fox)) , (ADVP already) (VP have (NP their own TV stations)) .)) (TOP (S (S (NP-SBJ MCA) (VP owns (NP (NP WWOR) (PP-LOC in (NP New York))))) and (S (NP-SBJ-1 Paramount) (NP-TMP last month) (VP agreed (S (NP-SBJ *-1) (VP to (VP purchase (NP (NP a (ADJP 79 %) stake) (PP-LOC in (NP the TVX Broadcast Group))) (PP-CLR from (NP Salomon Inc.))))) (PP-LOC in (NP (NP a deal) (VP valued (NP *) (PP-CLR at (NP (QP $ 140 million) *U*))))))) .)) (TOP (S (NP-SBJ TVX) (VP owns (NP (NP five stations) , (PP including (NP (NP WTXF) , (NP a Fox affiliate) , (PP-LOC in (NP Philadelphia)))))) .)) (TOP (S (NP-SBJ (NP One broadcasting executive) (ADJP familiar (PP with (NP the project)))) (VP said (SBAR 0 (S (NP-SBJ the co-venture) (VP would (VP target (NP (NP stations) (VP affiliated (NP *) (PP-LOC with (NP Fox)))) (SBAR-PRP because (S (NP-SBJ Fox) (VP has (NP (NP the desirable independent stations) (PP-LOC in (NP (NP most) (PP of (NP the key cities))))))))))))) .)) (TOP (S (ADVP-TMP Currently) , (NP-SBJ Fox) (VP supplies (NP programs) (PP-TMP on (NP Saturdays , Sundays and Mondays)) , (SBAR-ADV although (S (NP-SBJ-1 the company) (VP plans (S (NP-SBJ *-1) (VP to (VP expand (PP-CLR to (NP other weeknights))))))))) .)) (TOP (S (NP-SBJ (NP Jamie Kellner) , (NP (NP president) (PP of (NP Fox Broadcasting))) ,) (VP said , `` (S (NP-SBJ We) (VP believe (SBAR 0 (S (NP-SBJ-1 (NP the partnership) (PP of (NP (NP Fox) , (NP its affiliates) and (NP advertisers)))) (VP (VP is (VP succeeding)) and (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP grow))))))))))) . '')) (TOP (S (NP-SBJ (NP Another Fox official) , (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP declined (S (NP-SBJ-1 *) (VP to (VP be (VP identified (NP *-1)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ-2 Fox) (VP was n't (VP pleased (NP *-2) (PP by (NP-LGS (NP the possible Paramount-MCA venture) (PP into (NP prime-time programming))))))))) .)) (TOP (S `` (S-TPC-2 (S-PRP (NP-SBJ *-1) (VP To (VP make (S (NP-SBJ the venture) (VP work))))) , (NP-SBJ-1 they) (VP would (VP need (NP Fox affiliates)))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 We) (VP spent (NP (NP a lot) (PP of (NP time and money))) (PP-LOC in (S-NOM (NP-SBJ *-1) (VP building (NP (NP our group) (PP of (NP stations)))))))) , '' (NP-SBJ-3 he) (VP said (S *T*-2) , (S-ADV (NP-SBJ *-3) (VP adding (SBAR that (S (NP-SBJ Fox) (VP does n't (VP `` appreciate '' (S (NP-SBJ-4 another company) (VP attempting (S (NP-SBJ *-4) (VP to (VP usurp (NP its station lineup))))))))))))) .)) (TOP (S (NP-SBJ Fox) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP offer (NP its stations) (NP (NP movies) , (NP (ADJP theatrical and made-for-TV) ventures) ,) (PP-TMP (ADVP probably) on (NP Wednesdays)) , (ADVP-TMP sometime (NP next year))))))))) .)) (TOP (S (NP-SBJ It) (VP is (ADVP also) (VP planning (NP (NP another night) (PP of (NP original series))))) .)) (TOP (S (NP-SBJ-1 Paramount and MCA) , (PP according (PP to (NP the broadcasting executive))) , (VP plan (S (NP-SBJ *-1) (VP to (VP offer (NP (NP (NP theatrical movies) (VP produced (NP *) (ADVP-MNR separately) (PP by (NP-LGS Paramount and MCA))) (PP for (NP Wednesdays))) and (ADVP perhaps) (NP (NP a block) (PP of (NP original shows)) (NP-TMP Fridays))))))) .)) (TOP (S (NP-SBJ The executive) (VP said (SBAR 0 (S (NP-SBJ Paramount and MCA) (VP have (ADVP also) (VP held (NP discussions) (PP-CLR with (NP (NP (NP Chris-Craft Industries ') broadcasting unit) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP five independent stations) (PP-LOC in (NP (NP cities) (PP such as (NP (NP Los Angeles) , (NP San Francisco) and (NP (NP Portland) , (NP Ore))))))))))))))))) .)) (TOP (S (NP-SBJ A Chris-Craft station manager) (VP said (SBAR 0 (S (NP-SBJ there) (VP have (VP been (NP-PRD no formal talks)))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-3)) (VP 's (PP-PRD to (NP (NP Fox 's) advantage)) (S-3 (NP-SBJ-1 *) (VP to (VP be (VP associated (NP *-1) (PP-CLR with (NP the Paramount-MCA venture))))))))))) , '' (VP said (S *T*-4)) (NP-SBJ (NP Michael Conway) , (NP (NP station manager) (PP of (NP (NP WTXF) , (NP (NP the TVX station) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP is (NP-PRD a Fox affiliate))))))))) .)) (TOP (S (NP-SBJ Mr. Conway) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the Fox shows) (VP appearing (PP-TMP on (NP (NP nights) (SBAR (WHADVP-3 when) (S (NP-SBJ-2 Paramount-MCA shows) (VP would n't (VP be (VP offered (NP *-2) (ADVP-TMP *T*-3)))))))))) (VP could (VP be (VP promoted (NP *-1) (PP-LOC on (NP (NP the programs) (VP produced (NP *) (PP by (NP-LGS Paramount-MCA))))))))))) .)) (TOP (S (NP-SBJ (NP Michael Fisher) , (NP (NP general manager) (PP of (NP (NP KTXL) , (NP (NP a Fox affiliate) (PP-LOC in (NP (NP Sacramento) , (NP Calif.))))))) ,) (VP said , `` (S (NP-SBJ The real question) (VP is (SBAR-PRD whether (S (NP-SBJ the Paramount-MCA offering) (VP is (ADJP-PRD practical))))))) .)) (TOP (S (NP-SBJ It) (VP is n't (ADJP-PRD *?*)) ... .)) (TOP (SBARQ (WHADVP-1 Why) (SQ would (NP-SBJ-2 I) (VP consider (S (NP-SBJ *-2) (VP giving (PRT up) (NP (NP Fox) , (NP a proven commodity) ,) '' (PP-CLR for (NP an unknown venture)))) (ADVP-PRP *T*-1))) ?)) (TOP (S (NP-SBJ Fox) (VP attracts (NP a young audience) (PP-MNR with (NP (NP shows) (PP such as (NP `` (VP-TTL Married ... (PP With (NP Children))) , '' (NP its (ADJP most successful) series)))))) .)) (TOP (S (NP-SBJ-1 (NP Banco Popular de Puerto Rico) and (NP BanPonce Corp.)) -- (VP agreed (S (NP-SBJ *-1) (VP to (VP merge (PP-LOC in (NP (NP a transaction) (VP valued (NP *) (PP-CLR at (NP (QP $ 324 million) *U*))))))))) .)) (TOP (S (PP-LOC Under (NP the agreement)) , (NP-SBJ-1 BanPonce stockholders) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP exchange (NP (NP each) (PP of (NP their shares))) (PP-CLR for (NP either (NP (NP shares) (PP in (NP the new entity))) or (NP cash))))))))) .)) (TOP (S (PP-LOC In (NP each case)) , (NP-SBJ-1 the exchange) (VP is (VP valued (NP *-1) (PP-CLR at (NP (NP $ 56.25 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ The two companies) , (S-ADV (NP-SBJ-1 both) (VP based (NP *-1) (PP-LOC-CLR in (NP San Juan)))) , (VP will (VP form (NP (NP a bank holding company) (PP with (NP (NP assets) (PP of (NP (QP just over $ 9 billion) *U*))))))) .)) (TOP (S (NP-SBJ-1 The holding company) (VP will (VP be (VP called (S (NP-SBJ *-1) (NP-PRD BanPonce Corp))))) .)) (TOP (S (NP-SBJ-1 The primary subsidiary) (VP (VP will (VP be (NP-PRD (NP the combined banking operations) (PP of (NP the two companies))))) and (VP will (VP be (VP known (NP *-1) (PP-CLR as (NP Banco Popular de Puerto Rico)))))) .)) (TOP (S (NP-SBJ (NP Rafael Carrion Jr.) , (NP (NP chairman) (PP of (NP Banco Popular))) ,) (VP will (VP be (NP-PRD (NP the chairman) (PP of (NP the holding company))))) .)) (TOP (S (NP-SBJ (NP Alberto M. Paracchini) , (RRC (ADVP-TMP currently) (NP (NP chairman) (PP of (NP BanPonce)))) ,) (VP will (VP serve (PP-CLR as (NP (NP (NP president) (PP of (NP the bank holding company))) and (NP (NP chairman) (PP of (NP the subsidiary))))))) .)) (TOP (S (NP-SBJ Banco Popular) (ADVP originally) (VP proposed (NP the merger) (PP-TMP in (NP July)) , (PP-LOC in (NP (NP a cash and stock transaction) (VP valued (NP *) (PP-CLR at (NP (NP (NP $ 50 *U*) (NP-ADV a share)) , or (NP (QP about $ 293 million) *U*))))))) .)) (TOP (S-3 (NP-SBJ-1 BanPonce) (VP (VP reacted (ADVP-MNR cooly) (PP-TMP at (ADJP first))) , but (VP appeared (S (NP-SBJ-2 *-1) (VP to (VP be (VP won (PRT over) (NP *-2) (PRN , (S (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-3)))) ,) (PP by (NP-LGS (NP Banco Popular 's) assurances (SBAR that (S (NP-SBJ it) (VP wanted (NP only a friendly transaction)))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 Banco Popular) (ADVP just) (VP kept (S (NP-SBJ *-1) (VP waiting)))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Edward Thompson) , (NP (NP a (NX (NX vice president) and (NX analyst))) (PP-LOC at (NP (NP Thomson BankWatch Inc.) (PP-LOC in (NP New York)))))) .)) (TOP (S `` (NP-SBJ They) (VP got (NP (NP a transaction) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD good (PP for (NP both companies)))))))) . '')) (TOP (S (NP-SBJ-1 The two banks) (VP appear (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a good fit))))) .)) (TOP (S (NP-SBJ BanPonce) (VP caters (PP-CLR to (NP a (ADJP more affluent) customer)) , (SBAR-ADV while (S (NP-SBJ Banco Popular) (VP has (ADVP-TMP always) (VP had (NP (NP a large presence) (PP among (NP (ADJP middle-income and lower-income) markets)))))))) .)) (TOP (S (NP-SBJ The merger) (VP should (ADVP also) (VP allow (S (NP-SBJ-1 the companies) (VP to (VP reduce (NP costs) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP combining (NP (NP operations) (PP-LOC in (NP (NP many locations) (PP-LOC in (NP Puerto Rico))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ They) (VP 're (ADVP-TMP often) (PP-LOC-PRD (ADVP right) (PP across (NP the street)) (PP from (NP one another))))) , '' (NP-SBJ Mr. Thompson) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Richard Carrion) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADVP-TMP currently) (NP-PRD (NP (NP president) and (NP chief executive officer)) (PP of (NP Banco Popular)))))) ,) (VP said (SBAR 0 (S (NP-SBJ the merger) (VP will (VP result (PP-CLR in (NP a `` (ADJP larger and stronger) (ADJP locally based) bank))))))) . '')) (TOP (S (NP-SBJ (NP Mr. Carrion) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (ADVP-TMP now) (VP serve (PP-CLR as (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP the subsidiary bank)))))))) ,) (VP added : `` (S (NP-SBJ-2 We) (VP 'll (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP (ADVP-MNR better) compete (PP-CLR with (NP large foreign banks)))))))))) .)) (TOP (S (NP-SBJ It) (VP makes (NP sense) (PP from (NP a strategic standpoint))) . '')) (TOP (S (NP-SBJ The (ADJP newly merged) company) (VP will (VP have (NP (NP (NP 165 branches) (PP-LOC in (NP Puerto Rico))) and (NP (NP 27 branches) (ADVP-LOC outside (PP of (NP the island))))))) .)) (TOP (S (NP-SBJ The banks) (VP said (SBAR 0 (S (NP-SBJ they) (VP do n't (VP expect (S (NP-SBJ the merger) (VP to (VP face (NP any regulatory hurdles))))))))) .)) (TOP (S (NP-SBJ Mr. Carrion) (VP said (SBAR 0 (S (NP-SBJ-1 the merger) (VP should (VP be (VP completed (NP *-1) (PP-TMP in (NP (QP six to nine) months)))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Hit (NP *-2) (PP by (NP-LGS (NP higher costs) and (NP lower sales))))) , (NP-SBJ-1 Caterpillar Inc.) (VP said (SBAR 0 (S (S (NP-SBJ third-quarter earnings) (VP tumbled (NP-EXT 43 %))) and (S (NP-SBJ full-year earnings) (VP will (VP trail (NP (NP last year 's) results))))))) .)) (TOP (S (NP-SBJ The construction equipment maker) (VP said (SBAR 0 (S (NP-SBJ third-quarter profit) (VP fell (PP-DIR to (NP (NP (QP $ 108 million) *U*) , or (NP (NP $ 1.07 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 190 million) *U*) , or (NP (NP $ 1.87 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Sales) (VP dropped (NP-EXT 6 %) (PP-DIR to (NP (QP $ 2.58 billion) *U*)) (PP-DIR from (NP (QP $ 2.74 billion) *U*)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP eight fewer business days) (PP-TMP in (NP the latest quarter)))))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (PP-PRD in (NP a costly modernization program))))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 earnings) (VP were (VP hurt (NP *-1) (PP by (NP-LGS (NP higher start-up and new program costs) , (NP (NP increased costs) (PP of (NP materials))) , (NP higher wages) and (NP (NP an (ADJP (QP $ 11 million) *U*) provision) (PP for (NP (NP bad debts) (PP-LOC in (NP Latin America)))))))))))) .)) (TOP (S (PP-LOC In (S-NOM (NP-SBJ *-1) (VP announcing (NP (NP a 1989 capital spending plan) (PP of (NP (QP $ 950 million) *U*))) (NP-TMP early this year)))) , (NP-SBJ-1 Caterpillar) (VP said (SBAR 0 (S (NP-SBJ full-year earnings) (VP would (VP be (ADJP-PRD flat) (PP compared (PP with (NP (NP (NP last year 's) (QP $ 616 million) *U*) , or (NP (NP $ 6.07 *U*) (NP-ADV a share)))))))))) .)) (TOP (S But (NP-TMP yesterday) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ (NP this year 's) profit) (VP will (VP be (ADJP-PRD lower)))))) .)) (TOP (S (NP-SBJ It) (VP did n't (VP say (FRAG (WHPP by (WHNP how much))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Suffering (PP-CLR from (NP (NP a downturn) (PP-LOC in (NP heavy truck production)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP cut (NP (NP orders) (PP for (NP its engines)))))))))) , (NP-SBJ-2 Caterpillar) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP (VP (ADVP indefinitely) lay (PRT off) (NP (NP (QP about 325) workers) (PP-LOC in (NP the Peoria area)))) and (VP (ADVP temporarily) shut (NP (NP its plant) (PP-LOC in (NP (NP York) , (NP Pa.) ,))) (PP-TMP for (NP two weeks)) (PP-TMP in (NP both November and December)))))))) .)) (TOP (S (PP For (NP (NP the first nine months) (PP of (NP the year)))) , (NP-SBJ Caterpillar) (VP said (SBAR 0 (S (NP-SBJ earnings) (VP fell (NP-EXT 14 %) (PP-DIR to (NP (NP (QP $ 390 million) *U*) , or (NP (NP $ 3.85 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 453 million) *U*) , or (NP (NP $ 4.46 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (PP-DIR to (NP (QP $ 8.19 billion) *U*)) (PP-DIR from (NP (QP $ 7.65 billion) *U*))) .)) (TOP (S (NP-SBJ Millicom Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (NP-PRD (NP one) (PP of (NP (NP two companies) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP receive (NP a license (S (NP-SBJ *) (VP to (VP introduce and operate (NP a cellular mobile telephone system) (PP-LOC in (NP Pakistan))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The market) (PP-TMP during (NP the start-up))) (VP is (VP estimated (NP *-1) (PP-CLR at (NP 25,000 subscribers)))) .)) (TOP (S (NP-SBJ (NP A spokeswoman) (PP for (NP (NP Millicom) , (NP a telecommunications company) ,))) (VP said (SBAR 0 (S (NP-SBJ she) (VP did n't (VP know (NP (NP the value) (PP of (NP the contract)))))))) .)) (TOP (S (NP-SBJ (NP Cable & Wireless PLC) (PP of (NP Britain))) (VP won (NP the other license)) .)) (TOP (S (NP-SBJ Millicom) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP build and operate (NP (NP the system) (PP-LOC in (NP Pakistan))) (PP with (NP (NP (NP Comvik International AB) , (NP (NP part) (PP of (NP (NP the Kinnevik group) (PP of (NP Sweden))))) ,) and (NP (NP Arfeen International) , (NP-LOC Pakistan))))))))) .)) (TOP (S (NP-SBJ B.A.T Industries PLC) (VP won (NP (NP overwhelming shareholder approval) (PP for (NP (NP a defensive restructuring) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP fend (PRT off) (NP (NP a (ADJP (ADJP (QP # 13.35 billion) *U*) (PRN -LRB- (ADJP (QP $ 21.23 billion) *U*) -RRB-)) takeover bid) (PP from (NP Sir James Goldsmith))))))))))) .)) (TOP (S (PP-LOC At (NP (NP (NP a shareholders ') meeting) (PP-LOC in (NP London)))) , (NP-SBJ the (UCP tobacco , financial-services and retailing) giant) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP (NP 99.9 % approval) (PP from (NP voting holders)) (PP for (NP plans (S (NP-SBJ *) (VP to (VP spin (PRT off) (NP (NP (QP about $ 6 billion) *U*) (PP in (NP assets))))))))))))) .)) (TOP (S (NP-SBJ-1 B.A.T) (VP aims (S (NP-SBJ *-1) (VP to (VP (VP sell (NP (NP such U.S. retailing units) (PP as (NP (NP Marshall Field) and (NP Saks Fifth Avenue))))) and (VP float (NP its big paper and British retailing businesses) (PP-MNR via (NP (NP share issues) (PP to (NP existing holders))))))))) .)) (TOP (S (NP-SBJ Proceeds) (VP will (VP help (VP pay (PP-CLR for (NP (NP a planned buy-back) (PP of (NP (NP (NP (NP 10 %) , or (NP (QP about 153 million)) ,) (PP of (NP its shares))) and (NP a (ADJP 50 %) dividend increase)))))))) .)) (TOP (S (NP-SBJ B.A.T) (NP-TMP yesterday) (VP started (NP its share buy-back)) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP acquired (NP (QP 2.5 million) shares) (PP-CLR for (NP (NP (NP 785 pence) (PRN -LRB- (NP $ 12.48 *U*) -RRB-) (NP-ADV each)) , or (NP (NP a total) (PP of (NP (NP (QP # 19.6 million) *U*) (PRN -LRB- (NP (QP $ 31.2 million) *U*) -RRB-)))) ,)) (PP from (NP (NP its broker) , (NP Barclays de Zoete Wedd))))))) .)) (TOP (S (NP-SBJ-1 The share buy-back plan) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP underpin (NP (NP B.A.T 's) share price)))))) .)) (TOP (S (NP-SBJ B.A.T) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP may (VP make (NP more equity purchases) (PP-TMP until (NP (NP the close) (PP of (NP business)) (NP-TMP today))) , (PP depending (PP on (NP market conditions))) ,)) but (VP will (VP cease (NP further purchases) (PP-TMP until (NP (NP Nov. 22) , (SBAR (WHADVP-1 when) (S (NP-SBJ it) (VP releases (NP third-quarter results) (ADVP-TMP *T*-1)))))))))))) .)) (TOP (S (NP-SBJ B.A.T shares) (VP rose (NP-EXT 29 pence) (PP-DIR to (NP 783 pence)) (PP on (NP (NP London 's) stock exchange)) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ Shareholder approval) (VP sets (NP the stage) (PP-CLR for (NP (NP a lengthy process) (PP of (NP restructuring)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP might not (VP be (VP completed (NP *-1) (PP-TMP until (NP (NP next year 's) second half)))))))))) .)) (TOP (S (PP-TMP Before (NP (NP the recent tumult) (PP-LOC in (NP global financial markets)))) , (NP-SBJ B.A.T officials , holders and analysts) (VP had (VP expected (S (NP-SBJ (NP a substantial part) (PP of (NP the restructuring))) (VP to (VP be (ADJP-PRD complete) (PP-TMP by (NP (NP the end) (PP of (NP the first half))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP are not (PP-PRD in (NP any hurry (S (NP-SBJ *) (VP to (VP sell '' (NP (NP Saks) , (NP Marshall Field) or (NP (NP B.A.T 's) other U.S. retail properties))))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ Chairman Patrick Sheehy) .)) (TOP (S `` (NP-SBJ This) (VP is n't (NP-PRD a distress sale)) .)) (TOP (S (NP-SBJ-1 We) (VP are (VP determined (S (NP-SBJ *-1) (VP to (VP get (NP good prices)))))) . '')) (TOP (S (NP-SBJ Company officials) (VP say (SBAR 0 (S (NP-SBJ (NP the flotations) (PP of (NP the paper and British retailing businesses))) (VP are (ADJP-PRD likely) (ADVP only) (PP-TMP after (NP (NP the disposals) (PP of (NP the U.S. retailing assets)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ Sir James) (ADVP still) (VP is (VP pursuing (NP efforts (S (NP-SBJ *) (VP to (VP gain (NP (NP (NP U.S. insurance regulators ') approval) (PP for (NP (NP a change) (PP-LOC in (NP (NP control) (PP of (NP (NP B.A.T 's) Farmers Group Inc. unit))))))))))))) .)) (TOP (S (NP-SBJ The Anglo-French financier) (VP has (VP indicated (SBAR 0 (S (NP-SBJ-1 he) (VP intends (S (NP-SBJ *-1) (VP to (VP bid (ADVP again) (PP-CLR for (NP B.A.T)) (SBAR-ADV if (S (NP-SBJ he) (VP receives (NP approval)))))))))))) .)) (TOP (S (NP-SBJ (NP Hasbro Inc.) , (NP (NP the nation 's) largest toy maker) ,) (VP reported (SBAR 0 (S (NP-SBJ third-quarter earnings) (VP increased (NP-EXT 73 %) (PP-DIR from (ADVP-TMP (NP a year) earlier)) (PP on (NP a (ADJP 9.4 %) sales gain)) , (S-ADV (NP-SBJ *) (VP reflecting (NP improved margins))))))) .)) (TOP (S (NP-SBJ Hasbro) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (NP (NP net income) (PP of (NP (NP (QP $ 31.3 million) *U*) , or (NP (NP 53 cents) (NP-ADV a share)))) , (ADVP up (PP from (NP (NP (QP $ 18.1 million) *U*) , or (NP (NP 31 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier)))) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 it) (VP took (NP (NP a pretax charge) (PP of (NP (QP $ 10 million) *U*))) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP dropping (NP (NP development) (PP of (NP an interactive video entertainment system)))))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (PP-DIR to (NP (QP $ 403 million) *U*)) (PP-DIR from (NP (QP $ 368.4 million) *U*))) .)) (TOP (S (NP-SBJ The company) (VP cited (NP (NP sales gains) (PP-LOC (PP at (NP its Milton Bradley and Playskool units)) and (PP in (NP its international business)))) (PP-CLR for (NP (NP the increase) (PP-LOC in (NP revenue))))) .)) (TOP (S (NP-SBJ (NP Alan G. Hassenfeld) , (NP (NP chairman) and (NP chief executive)) ,) (VP added (SBAR that (S (NP-SBJ (NP (NP (NP Hasbro 's) new line) (PP of (NP battery-powered racing cars)) , (VP called (S (NP-SBJ *) (NP-PRD Record Breakers))) ,) and (NP (NP its acquisition) (PP of (NP (NP Cabbage Patch Kids) , (NP Scrabble) and (NP other lines))) (PP from (NP Coleco Industries Inc.)))) (VP puts (NP the company) `` (PP-PUT in (NP a good position)) (SBAR-TMP as (S (NP-SBJ we) (VP enter (NP the Christmas buying season)))))))) . '')) (TOP (S (PP For (NP (NP the first nine months) (PP of (NP the year)))) , (NP-SBJ (NP Hasbro 's) net income) (VP rose (NP-EXT 33 %) (PP-DIR to (NP (NP (QP $ 68.2 million) *U*) , or (NP (NP $ 1.15 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 51.3 million) *U*) , or (NP (NP 88 cents) (NP-ADV a share)) ,)) (PP on (NP (NP a (ADJP 3.1 %) increase) (PP in (NP revenue)) (PP-DIR to (NP (QP $ 992.7 million) *U*)) (PP-DIR from (NP (QP $ 963 million) *U*) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ Reebok International Ltd.) (VP posted (NP (NP a (ADJP 35 %) increase) (PP-LOC in (NP third-quarter net income))) (PP despite (NP (NP a slight decline) (PP-LOC in (NP sales))))) .)) (TOP (S (NP-SBJ The athletic footwear maker) (VP said (SBAR 0 (S (NP-SBJ net) (VP rose (PP-DIR to (NP (NP (QP $ 49.9 million) *U*) , or (NP (NP 44 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 37.1 million) *U*) , or (NP (NP 32 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Sales) (VP declined (NP-EXT 3 %) (PP-DIR to (NP (QP $ 524.5 million) *U*)) (PP-DIR from (NP (QP $ 539.4 million) *U*))) .)) (TOP (S (NP-SBJ (NP Paul Fireman) , (NP Reebok (NX (NX chairman) and (NX chief executive officer))) ,) (VP said , `` (S (NP-SBJ (NP Our gains) (PP-LOC in (NP earnings))) (VP provide (NP further evidence (SBAR that (S (NP-SBJ-2 (NP (NP the controls) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP have (VP put (NP *T*-1) (PP-PUT in (NP place))))))) and (NP our sales mix)) (VP are (VP continuing (S (NP-SBJ *-2) (VP to (VP improve (NP (NP the company 's) overall profit performance)))))))))))) . '')) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ sales) (VP to (VP improve (PP-PRP due to (NP (NP a number) (PP of (NP new products)) , (PP including (NP (NP a `` pump '' basketball shoe) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP can (VP be (VP inflated (NP-3 *-1) (S-PRP-CLR (NP-SBJ *-3) (VP to (ADVP-MNR better) (VP fit (NP the foot)))))))))))))))))))) .)) (TOP (S (PP-TMP In (NP the first nine months)) , (NP-SBJ net) (VP was (NP-PRD (NP (QP $ 140 million) *U*) , or (NP (NP $ 1.23 *U*) (NP-ADV a share)) ,) (PP on (NP (NP sales) (PP of (NP (QP $ 1.44 billion) *U*))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ Reebok) (VP completed (NP (NP the acquisition) (PP of (NP (NP (NP CML Group Inc. 's) Boston Whaler unit) , (NP (NP a builder) (PP of (NP power boats))))))) .)) (TOP (S (NP-SBJ-1 (NP CML) , (NP-LOC (NP Acton) , (NP Mass.) ,)) (VP had (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP the unit) (PP-DTV to (NP Reebok)) (PP-CLR for (NP (QP about $ 42 million) *U*))))))) .)) (TOP (S (NP-SBJ The agreement) (ADVP also) (VP called (SBAR for (S (NP-SBJ Reebok) (VP to (VP receive (NP (NP warrants (S (NP-SBJ *) (VP to (VP purchase (NP (NP 400,000 shares) (PP of (NP CML common))) (PP-CLR at (NP (NP $ 31.25 *U*) (NP-ADV a share))))))) , (ADJP exercisable (PP-TMP at (NP (NP any time) (PP-TMP before (NP July 1))))))))))) ,)) (TOP (S (NP-SBJ (NP An outside spokesman) (PP for (NP CML))) (VP (VP said (SBAR 0 (S (NP-SBJ-1 the terms) (VP were (VP changed (NP *-1) (PP-EXT to (NP a minor extent))))))) but (VP would n't (VP disclose (SBAR (WHNP-2 what) (S (NP-SBJ those changes) (VP were (NP-PRD *T*-2))))))) .)) (TOP (S (NP-SBJ Pitney Bowes Inc. directors) (VP authorized (S (NP-SBJ the company) (VP to (VP seek (NP (NP buyers) (PP for (NP (NP its Wheeler Group Inc. subsidiary) , (NP (NP a direct mail marketer) (PP of (NP office supplies)))))))))) .)) (TOP (S (NP-SBJ Pitney Bowes) (VP said (SBAR 0 (S (NP-SBJ-1 the decision) (VP was (VP based (NP *-1) (PP-CLR on (NP (NP a long-term analysis) (PP of (NP (NP the compatibility) (PP of (NP (NP Wheeler Group 's) marketing business)) (PP with (NP other Pitney Bowes operations))))))))))) .)) (TOP (S (NP-SBJ-2 Pitney Bowes) (VP acquired (NP (NP the core) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP evolved (PP-CLR into (NP Wheeler Group))))))) (PP-TMP in (NP 1979)) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP buying (NP Dictaphone Corp))))) .)) (TOP (S (NP-SBJ A spokeswoman) (VP would n't (VP comment (PP-CLR on (SBAR whether (S (NP-SBJ the company) (VP had (VP talked (PP-CLR with (NP (NP any potential buyers) (PP for (NP (NP the (NAC-LOC New Hartford , Conn. ,) unit) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP (NP 1988 sales) (PP of (NP (QP about $ 75 million) *U*))))))))))))))))) .)) (TOP (S (NP-SBJ She) (VP (VP said (SBAR 0 (S (NP-SBJ Wheeler Group) (VP was (ADJP-PRD profitable))))) but (VP would n't (VP give (NP figures)))) .)) (TOP (S (NP-SBJ-1 The spokeswoman) (VP said (SBAR 0 (S (NP-SBJ the company) (VP does n't (VP have (NP (NP a timetable) (PP for (NP the sale))))))) , (S-ADV (NP-SBJ *-1) (VP adding (SBAR that (S (NP-SBJ (NP the board 's) decision) (ADVP just) (VP starts (NP (NP the search) (PP for (NP a buyer))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ Pitney Bowes) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP gained (NP 15 %) (PP-DIR to (NP (NP (QP $ 62 million) *U*) , or (NP (NP 78 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 54 million) *U*) , or (NP (NP 68 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) ago)))))) .)) (TOP (S (NP-SBJ Revenue) (VP grew (NP-EXT 13 %) (PP-DIR to (NP (QP $ 734.8 million) *U*)) (PP-DIR from (NP (QP $ 650.9 million) *U*))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 the growth) (VP was (VP led (NP *-1) (PP by (NP-LGS (NP its major operations) , (ADVP particularly) (NP mailing , shipping , dictating and facsimile businesses)))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 (NP Steel jackets) (PP of (NP (NP a type) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP may (VP have (VP prevented (NP (NP collapse) (PP of (NP (NP the columns) (PP of (NP (NP a 1.5-mile stretch) (PP of (NP the Nimitz Freeway))))))))))))))) (VP had (VP been (VP installed (NP *-1) (PP-LOC on (NP (NP (ADVP at least) a small test section) (PP of (NP the double-decker highway)))) (NP-TMP last year) (PP by (NP-LGS (NP (NP California 's) Department) (PP of (NP Transportation)))))))) , (NP-SBJ (NP employees) (ADJP familiar (PP with (NP the project)))) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ (NP The test project) -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP reportedly) (VP survived (NP (NP Tuesday 's) earthquake)))) --) (VP was (NP-PRD (NP a prelude) (PP to (NP a state plan (S (NP-SBJ *) (VP to (VP retrofit (NP (NP that critical section) (PP of (NP the freeway))) (PP-CLR with (NP the steel casings))))))))) .)) (TOP (S (NP-SBJ State engineers) (VP have (VP made (NP a preliminary finding (SBAR that (S-CLF (NP-SBJ it) (VP was (NP-PRD (NP failure) (PP of (NP (NP the concrete columns) , (VP (VP wrenched (NP *)) and (VP separated (NP *) (PP-CLR from (NP the double-decker roadbed))))))) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD responsible (PP for (NP the collapse)))))))))))) .)) (TOP (S (NP-SBJ (NP The failure) (PP-LOC in (NP Oakland)) (PP of (NP (NP the freeway segment) (VP known (NP *) (PP-CLR as (NP the Cypress structure)))))) (VP was (NP-PRD (NP the deadliest aspect) (PP of (NP the quake))) , (SBAR-ADV although (S (NP-SBJ officials) (VP were (ADJP-PRD hopeful (SBAR *ICH*-1)) (NP-TMP yesterday) (SBAR-1 that (S (NP-SBJ (NP the death toll) (ADVP-LOC there)) (VP might (VP be (ADJP-PRD (ADJP significantly lower) (PP than (NP (NP the 250) (VP (ADVP-TMP initially) feared (NP *))))))))))))) .)) (TOP (S (S-NOM-SBJ-1 (NP-SBJ *) (VP Sorting (PRT out) (NP the wreckage))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP take (NP several days)))))) .)) (TOP (S (NP-SBJ Red tractors) (ADVP-MNR gingerly) (VP picked (PP-CLR at (NP the rubble)) (SBAR-ADV while (S (NP-SBJ-1 jackhammers) (VP tried (S (NP-SBJ *-1) (VP to (VP break (PRT up) (NP (NP some) (PP of (NP (NP the massive slabs) (PP of (NP concrete)))))))))))) .)) (TOP (S (NP-SBJ-1 Giant yellow cranes) (VP were (VP wheeled (PRT up) (PP-DIR alongside (NP the collapsed segment)) , (S-ADV (NP-SBJ-2 *-1) (VP preparing (S (NP-SBJ *-2) (VP to (VP lift (PRT off) (NP (NP chunks) (PP of (NP the debris)))))))))) .)) (TOP (S (PP-LOC In (NP Sacramento)) , (NP-SBJ a transportation department spokesman) (VP said (SBAR 0 (S (NP-SBJ he) (VP could n't (ADVP-TMP immediately) (VP confirm or deny (NP (NP existence) (PP of (NP the test work)))))))) .)) (TOP (S (ADVP However) , (NP-SBJ he) (VP asserted (SBAR that (S (NP-SBJ the department) (VP had n't (VP mastered (NP (NP the technology) (VP needed (NP *) (S-CLR (NP-SBJ *) (VP to (VP retrofit (NP the entire Cypress structure))))))))))) .)) (TOP (S-1 (ADVP Moreover) (PRN , (S (NP-SBJ other officials) (VP noted (S *T*-1))) ,) (NP-SBJ (NP snafus) (PP-LOC in (NP transportation funding)) (SBAR (WHNP-2 that) (S (NP-SBJ the state) (VP has (VP experienced (NP *T*-2) (PP-TMP over (NP the years))))))) (VP may (VP have (VP restricted (NP (NP the availability) (PP of (NP (NP funds) (PP for (NP such a retrofitting))))) , (SBAR-ADV even if (S (NP-SBJ it) (VP were (ADJP-PRD technologically feasible))))))) .)) (TOP (S (NP-SBJ Knowledgeable employees) (VP said (SBAR 0 (S (NP-SBJ (NP the retrofitting) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP had n't (ADVP yet) (VP been (VP budgeted (NP *-1)))))) ,) (VP was (NP-PRD (NP part) (PP of (NP (NP a planned , three-stage reinforcement) (PP of (NP the Cypress structure)) (VP begun (NP *) (PP by (NP-LGS the California transportation department)) (ADVP-TMP (NP several years) ago))))))))) .)) (TOP (S (NP-SBJ (NP The Cypress reinforcement project) (NP itself)) (VP was (NP-PRD (NP part) (PP of (NP an annual effort (S (NP-SBJ *) (VP to (VP shore (PRT up) (NP (NP structures) (VP believed (S (NP-SBJ *) (ADJP-PRD vulnerable (PP to (NP earthquakes))))))))))))) .)) (TOP (S (NP-SBJ The state) (VP began (NP such work) (PP-TMP after (NP (NP a 1971 tremblor) (PP-LOC in (NP Southern California)) , (SBAR (WHADVP-1 when) (S (NP-SBJ numerous bridges) (VP collapsed (ADVP-TMP *T*-1))))))) .)) (TOP (S `` (S-TPC-4 (NP-SBJ We) (VP had (ADVP just) (VP finished (NP (NP phase two) '' (PP of (NP the Cypress project)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP involved (S (NP-SBJ *) (VP installing (NP (NP a series) (PP of (NP (NP retaining cables) (VP designed (NP (NP *) (SBAR-PRP (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP prevent (NP-2 (NP sections) (PP of (NP the roadway))) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP separating (PP-PRP as (NP (NP a result) (PP of (NP seismic shock))))))))))))))))))))))))) , (NP-SBJ a state DOT engineer) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP completing (NP (NP installation) (PP of (NP the jackets)) (PP on (NP `` (NP one frame) '' (PP of (NP the freeway))))) (NP-TMP last year)))) , (NP-SBJ-1 the state DOT) (VP had (VP sent (NP the project) (PP-DIR over (PP to (NP (NP its Sacramento engineers) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP draw (PRT up) (NP a final design)))))))))) .)) (TOP (S (NP-SBJ Knowledgeable employees) (VP said (SBAR 0 (S (NP-SBJ-1 the project) (VP had (VP been (VP stymied (NP *-1) (ADVP somewhat) (PP by `` (NP-LGS (NP the difficulty) (PP of (S-NOM (NP-SBJ *) (VP designing '' (NP the jackets)))))))))))) .)) (TOP (S (NP-SBJ The procedure) (VP involves (S (NP-SBJ *) (VP (VP encasing (NP the concrete columns) (PP-CLR with (NP steel))) , (ADVP then) (VP connecting (NP them) (ADVP-MNR more securely) (PP-CLR to (NP the double-decker roadbed)))))) .)) (TOP (S (NP-SBJ The employees) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 the project) (VP may (VP have (VP been (VP snagged (NP *-1) (PP by (NP-LGS budgetary concerns))))))))) .)) (TOP (S (NP-SBJ One preliminary estimate) (VP put (NP the retrofitting cost) (PP-PUT at (NP (QP as much as $ 50 million) *U*))) .)) (TOP (S (NP-SBJ (NP The collapse) (PP of (NP the span))) (VP has (VP provoked (NP (NP surprise and anger) (PP-LOC among (NP state officials))))) .)) (TOP (S (NP-SBJ (NP Gov. George Deukmejian) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP had (VP been (VP assured (NP *-1) (PP by (NP-LGS state transportation officials)) (SBAR that (S (NP-SBJ the structure) (VP could (VP withstand (NP an (ADJP even larger) quake))))))))))))) ,) (VP called (PP-CLR for (NP an immediate investigation))) .)) (TOP (SINV `` (S-TPC-5 (NP-SBJ-3 I) (VP want (S (NP-SBJ *-3) (VP to (VP know (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP made (NP the decision (SBAR that (S (NP-SBJ (NP it) (SBAR *EXP*-4)) (VP was (ADJP-PRD safe) (SBAR-4 for (S (NP-SBJ 186,000 people) (VP to (VP use (NP-TMP every day))))))))))))))))) , '' (VP said (S *T*-5)) (NP-SBJ (NP Richard Katz) , (NP (NP a state legislator) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP is (NP-PRD (NP chairman) (PP of (NP (NP the California Assembly 's) transportation committee)))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP convene (NP hearings) (PP-TMP within (NP two weeks))))))) .)) (TOP (S (NP-SBJ The Cypress structure) (VP (VP opened (PP-TMP in (NP June 1957))) , and (VP (PP as (NP such)) , (PP like (NP (NP many buildings) (PP-LOC in (NP the San Francisco Bay area)))) , does not (VP meet (NP (NP current building codes) (VP requiring (NP (ADJP considerably more) steel support)))))) .)) (TOP (S (NP-SBJ (NP The northern piers) (PP of (NP the span))) (VP lie (PP-LOC-CLR in (NP (NP estuarian deposits) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP were (PP-PRD of (NP (NP a type) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP have (VP liquefied (ADVP-MNR easily) (PP-TMP during (NP the 1906 quake))))))))))))))) .)) (TOP (S (NP-SBJ Transportation department officials) , (ADVP however) , (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP were (ADJP-PRD (ADJP as surprised) (PP as (NP anyone)) (PP by (NP the Cypress destruction))))))) .)) (TOP (S (NP-SBJ They) (VP said (SBAR 0 (S (NP-SBJ previous earthquakes) (VP suggested (SBAR that (S (NP-SBJ multiple-column viaducts) (VP would (VP stand (PRT up) (ADVP-MNR well))))) , (SBAR-ADV although (S (NP-SBJ they) (VP were (VP working (PP-CLR on (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP bolster (NP them) (ADVP-MNR *T*-1))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (ADVP Unfortunately) , (NP-SBJ there) (VP is (NP-PRD (NP (QP only one) laboratory) (PP for (S-NOM (NP-SBJ *) (VP developing (NP (NP techniques) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP withstand (NP earthquakes) (ADVP-MNR *T*-1)))))))))))) , and (S (NP-SBJ that) (VP is (NP-PRD an earthquake)))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Burch Bachtold) , (NP (NP San Francisco district director) (PP for (NP the transportation department)))) .)) (TOP (S (NP-SBJ He) (VP said : `` (S (NP-SBJ We) (VP know (PP-CLR of (NP (NP no technology) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP exists (ADVP-LOC anywhere (PP in (NP the world)))))) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP allow (S (NP-SBJ us) (VP to '' (VP reinforce (NP the columns))))))))))))) .)) (TOP (S (NP-SBJ (NP Financial Corp.) (PP of (NP Santa Barbara))) (VP said (SBAR 0 (S (NP-SBJ it) (VP rescheduled (PP-CLR to (NP Nov. 29)) (NP (NP a special shareholder meeting) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP vote (PP-CLR on (NP a (ADJP (QP $ 75 million) *U*) stock-for-debt exchange)) (ADVP-LOC *T*-1)))))))))) .)) (TOP (S (S (NP-SBJ-1 The meeting) (VP had (VP been (VP scheduled (NP *-1) (PP-CLR for (NP Nov. 10)))))) but (S (NP-SBJ-2 the company) (VP delayed (NP the meeting) (S-PRP (NP-SBJ *-2) (VP to (VP allow (NP (NP time) (SBAR (WHADVP-3 0) for (S (NP-SBJ the Securities and Exchange Commission) (VP to (VP review (NP the proposal) (ADVP-TMP *T*-3))))))))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP (NP a restructuring) (VP announced (NP *) (NP-TMP earlier this year)))))) , (NP-SBJ-1 the company) (VP proposed (PP-TMP in (NP August)) (S (NP-SBJ *-1) (VP to (VP exchange (NP 168 (ADJP newly issued) common shares) (PP-CLR for (NP (NP each $ 1,000 *U* face value) (PP of (NP debt)))))))) .)) (TOP (S (S-TPC-2 (ADVP However) , (NP-SBJ-1 that figure) (VP could (VP be (VP revised (NP *-1))))) , (NP-SBJ Financial Corp.) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (ADVP-TMP Currently) , (NP-SBJ the company) (VP has (NP (NP (QP about six million) common shares) (ADJP outstanding))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 all the debt) (VP was (VP converted (NP *-1))))) , (NP-SBJ-2 (QP about 13 million) new shares) (VP would (VP be (VP issued (NP *-2)))) .)) (TOP (S (PP-LOC In (NP composite trading)) (NP-TMP Wednesday) (PP-LOC on (NP the New York Stock Exchange)) , (NP-SBJ Financial Corp.) (VP closed (PP-CLR at (NP $ 1.125 *U*)) , (ADJP-CLR unchanged)) .)) (TOP (S (NP-SBJ The debt) (VP consists (PP-CLR of (NP (NP (NP (QP $ 50 million) *U*) (PP of (NP (NP (ADJP (QP 13 3) %) subordinated notes) (ADJP due (NP-TMP 1998))))) , and (NP (NP (QP $ 25 million) *U*) (PP of (NP (NP (ADJP 9 %) convertible subordinated debentures) (ADJP due (NP-TMP 2012)))))))) .)) (TOP (S (NP-SBJ-1 Financial Corp.) (ADVP also) (VP is (VP proposing (S (NP-SBJ *-1) (VP to (VP exchange (NP (NP each) (PP of (NP (NP its 130,000 outstanding shares) (PP of (NP cumulative convertible preferred series A stock))))) (PP-CLR for (NP (NP two shares) (PP of (NP common))))))))) .)) (TOP (S (PP-TMP After (NP (NP years) (PP of (S-NOM (NP-SBJ *) (VP quarreling (PP-CLR over (NP (NP Bonn 's) `` Ostpolitik ''))))))) , (NP-SBJ-1 (NP West Germany) and (NP the U.S.)) (VP appear (S (NP-SBJ *-1) (VP to (VP have (VP shifted (PP-DIR onto (NP a united course)) (PP-LOC in (NP Eastern Europe))))))) .)) (TOP (S (NP-SBJ-1 Bonn and Washington) (VP have (VP taken (NP a leading role) (PP-LOC in (NP (NP aid) (PP for (NP the reformist countries))))) , (S-ADV (NP-SBJ-2 *-1) (VP (VP pledging (NP (NP billions) (PP of (NP dollars)) (PP in (NP fresh credit)))) and (VP forgiving (NP old debt)) (SBAR-ADV while (S (NP-SBJ *-2) (VP urging (NP-SBJ-3 other industrial nations) (S (NP-SBJ *-3) (VP to (VP follow (NP suit)))))))))) .)) (TOP (S (NP-SBJ-1 Both) (VP hope (S (NP-SBJ-2 *-1) (VP to (VP encourage (NP (NP pressure) (PP for (NP change)) (PP-LOC in (NP (NP East bloc countries) (VP (ADVP still) ruled (NP *) (PP by (NP-LGS Stalinist holdouts)))))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP arranging (NP (NP (NP liberal financial aid) and (NP trade benefits)) (PP for (NP (NP Poland) , (NP Hungary) and (PRN , (PP to (NP a lesser extent)) ,) (NP the Soviet Union))))))))))) .)) (TOP (S (NP-SBJ (ADJP West German) officials) (ADVP also) (VP have (NP (NP the special goal) (PP of (S-NOM (NP-SBJ *) (VP holding (PRT out) (NP (NP hope) (PP for (NP (NP East Germany 's) fledgling reform movement)))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ (NP The change) (VP taking (NP-CLR place) (PP-LOC in (NP (NP the Soviet Union) , (NP Poland) and (NP Hungary))))) (VP has (VP aroused (NP new hope (SBAR *ICH*-2)) (PP-LOC in (NP both German states)) (SBAR-2 (SBAR that (S (NP-SBJ-1 reforms) (VP will (VP be (VP undertaken (NP *-1) (PP-LOC in -LCB- (NP East Germany) -RCB-)))))) , and (SBAR that (S (NP-SBJ (NP relations) (PP between (NP the two German states))) , (ADVP too) , (VP will (VP get better)))))))) , '' (VP said (S *T*-3)) (NP-SBJ Foreign Minister Hans-Dietrich Genscher) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Addressing (NP (NP a conference) (PP of (NP (NP the (ADJP New York-based) Institute) (PP for (NP East-West Security Studies)))) (PP-LOC in (NP Frankfurt))) (NP-TMP yesterday))) , (NP-SBJ-2 Mr. Genscher) (VP said , `` (S (NP-SBJ History) (VP will (VP judge (NP us) (PP-MNR by (SBAR whether (S (NP-SBJ we) (VP have (VP taken (NP (NP the opportunities) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP emerge (PP-CLR from (NP these reforms))))))))))))))) . '')) (TOP (S-1 (NP-SBJ (NP The ultimate aim) (PP of (NP (NP Western support) (PP for (NP East bloc reforms))))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (VP is (S-PRD (NP-SBJ *) (VP to (VP create `` (NP an (ADJP equitable and stable) peaceful order) (PP-LOC in (NP Europe)) (PP-LOC (PP from (NP the Atlantic)) (PP to (NP the Urals))))))) . '')) (TOP (S (NP-SBJ (NP Mr. Genscher) and (NP (NAC U.S. Secretary (PP of (NP Commerce))) Robert A. Mosbacher)) , (PP-LOC in (NP (NP separate speeches) (PP at (NP the conference)))) , (VP appealed (PP-LOC for (NP (NP more Western contributions) (PP to (NP (NP (NP economic reforms) and (NP business development)) (PP-LOC in (NP Hungary and Poland))))))) .)) (TOP (S (NP-SBJ Bonn and Washington) (VP are (NP-PRD (NP leading supporters) (PP of (NP (NP (NP Poland 's) request) (PP for (NP (NP a (ADJP (QP $ 1 billion) *U*) stand-by credit) (PP from (NP the International Monetary Fund)))))))) .)) (TOP (S `` (NP-SBJ We) (VP want (S (NP-SBJ (NP the bold programs) (PP of (NP (NP market development) and (NP political freedom))) (PP-LOC (PP in (NP Hungary)) and (PP in (NP Poland)))) (VP to (VP succeed)))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 We) (VP are (VP prepared (S (NP-SBJ *-1) (VP to (VP support (NP those changes))))))) , '' (VP said (S *T*-2)) (NP-SBJ Mr. Mosbacher) .)) (TOP (S (NP-SBJ (NP U.S. curbs) (PP on (NP (NP the exports) (PP of (NP sensitive technology)) (PP to (NP East bloc countries))))) (VP will (VP remain (PP-LOC-CLR in (NP place)) , (ADVP however))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP the U.S. House) (PP of (NP Representatives))) (NP-TMP yesterday) (VP approved (NP (NP an (ADJP (QP $ 837.5 million) *U*) aid package) (PP for (NP Poland and Hungary)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP more than) (VP doubles (NP (NP the amount) (SBAR (WHNP-2 0) (S (NP-SBJ President Bush) (VP had (VP requested (NP *T*-2))))))))))) .)) (TOP (S (NP-SBJ-1 The package) (VP was (VP brought (NP *-1) (PP-CLR to (NP the House)) (SBAR-TMP (NP-ADV (QP just 15) days) after (S (NP-SBJ-2 it) (VP was (VP introduced (NP *-2))))) , (S-ADV (NP-SBJ *) (VP indicating (NP (NP Congress 's) eagerness (S (NP-SBJ *) (VP to (VP reward (NP Poland and Hungary) (PP-CLR for (NP (NP their moves) (PP toward (NP (NP democracy) and (NP freemarket economic reforms))))))))))))) .)) (TOP (S (NP-SBJ (NP The legislation) , (VP (VP approved (NP *) (ADVP-MNR 345-47)) and (VP sent (NP *) (PP-DIR to (NP the Senate)))) ,) (VP establishes (NP (NP two enterprise funds) , (SBAR (WHNP-1 0) (S (NP-SBJ-48 *T*-1) (VP to (VP be (VP governed (NP *-48) (PP by (NP-LGS independent nonprofit boards))))))) , (SBAR (WHNP-49 which) (S (NP-SBJ *T*-49) (VP will (VP make (NP loans and investments) (PP-LOC-CLR in (NP (NP new business ventures) (PP-LOC in (NP Hungary and Poland)))))))))) .)) (TOP (S (S (NP-SBJ-1 The Polish fund) (VP would (VP be (VP seeded (NP *-1) (PP-CLR-2 with (NP (QP $ 160 million) *U*)))))) , (S (NP-SBJ=1 the Hungarian fund) (PP-CLR=2 with (NP (QP $ 40 million) *U*))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP a group) (PP of (NP 24 industrialized countries)) , (UCP (PP including (NP (NP the U.S.) and (NP Japan))) and (VP coordinated (NP *) (PP by (NP-LGS the European Community Commission)))) ,) (VP has (VP promised (NP Poland and Hungary) (NP (NP trade advice) and (NP (NP a line) (PP of (NP credit)) (ADJP equivalent (PP to (NP (QP $ 1.11 billion) *U*))) (PP through (NP the European Investment Bank)))) , (SBAR-ADV while (S (NP-SBJ the EC) (VP plans (NP (NP (QP $ 222 million) *U*) (PP in (NP direct aid)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Chancellor Helmut Kohl) (VP travels (PP-DIR to (NP Poland)) (NP-TMP Nov. 9) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 he) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP take (PP-CLR with (NP him)) (NP (NP a promise) (PP of (NP (NP (QP three billion) West German marks) (PRN -LRB- (NP (QP $ 1.6 billion) *U*) -RRB-) (PP in (NP (NP new credit guarantees) (PP for (NP industrial projects)))))))))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ-2 Bonn) (VP agreed (S (NP-SBJ *-2) (VP to (VP reschedule (NP (NP (QP 2.5 billion) marks) (PP in (NP Polish debt)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP came (ADJP-PRD due) (NP-TMP last year))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 (NP a (ADJP (QP one billion) mark) credit) (VP dating (PP-CLR from (NP 1974)))) (VP is (S (NP-SBJ-2 *-1) (VP to (VP be (VP written (PRT off) (NP *-2)))))) .)) (TOP (S (NP-SBJ-1 (NP Poland 's) plan (S (NP-SBJ *) (VP to (VP switch (PP-CLR to (NP a free-market economy)) (PP-TMP by (NP 1991)))))) (VP is (VP hampered (NP *-1) (PP by (NP-LGS (NP a foreign debt load) (PP of (NP (QP $ 39.2 billion) *U*)))))) .)) (TOP (S (NP-SBJ West Germany) (ADVP also) (VP has (VP increased (NP (NP its credit guarantees) (PP to (NP Hungary))) (PP-EXT by (NP (NP (QP 500 million) marks) to (NP (QP 1.5 billion) marks))) (SBAR-TMP as (S (NP-SBJ the emerging democratic state) (VP rushes (PP-DIR through (NP (NP its own economic reforms) , (PP including (NP (NP (NP a broad privatization) (PP of (NP state-owned industry))) and (NP (NP tax incentives) (PP for (NP industrial investment)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP An additional (QP 500 million) marks) (PP in (NP credit-backing))) (VP was (VP promised (NP *-1) (PP by (NP-LGS (NP the (ADJP West German) state governments) (PP of (NP Bavaria and Baden-Wuerttemberg)))))) .)) (TOP (S (NP-SBJ-2 (NP Deutsche Bank AG) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (NP-TMP last year) (VP arranged (NP a (QP three billion) mark credit) (PP for (NP the Soviet Union))))) ,) (VP is (ADVP-TMP now) (VP moving (S-CLR (NP-SBJ *-2) (VP to (VP become (NP-PRD (NP the first (ADJP West German) bank) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP set (PRT up) (NP (NP independent business offices) (PP-LOC in (NP Hungary and Poland))) (SBAR-ADV as (S (NP-SBJ they) (VP shift (PP-DIR to (NP free-market economies))))))))))))))) .)) (TOP (S (NP-SBJ (NP A maxim) (PP of (NP Frankfurt banking))) (VP holds (SBAR that (S (SBAR-DIR-TPC-2 (WHADVP-1 wherever) (S (NP-SBJ Deutsche Bank) (VP goes (ADVP-DIR *T*-1)))) , (NP-SBJ other (ADJP West German) banks) (VP follow (SBAR-DIR *T*-2))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ-1 (QP at least four) other (ADJP West German) banks) (VP are (VP believed (S (NP-SBJ *-1) (VP to (VP be (VP making (NP inquiries))))))) .)) (TOP (S (NP-SBJ Mattel Inc.) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP rose (NP-EXT 73 %) , (PP-DIR to (NP (NP (QP $ 38 million) *U*) , or (NP (NP 76 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 21.9 million) *U*) , or (NP (NP 45 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) ago)))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 34 %) (PP-DIR to (NP (QP $ 410 million) *U*)) (PP-DIR from (NP (QP $ 306.6 million) *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Mattel 's) world-wide volume) (VP has (VP grown (NP-EXT 25 %) (PP-LOC in (NP (NP a climate) (PP of (NP (ADJP relatively flat) industry sales))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP John W. Amerman) , (NP chairman)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP (NP the toy company 's) `` prospects) (PP for (NP a strong fourth quarter)) '') (VP are (ADVP also) (ADJP-PRD good))))) .)) (TOP (S (NP-SBJ Mattel) (VP attributed (NP (NP the jump) (PP in (NP quarter net))) (PP-CLR to (NP (NP strong world-wide sales) (PP of (NP its (NP (NP Barbie doll) , (NP Hot Wheels cars) , (NP Disney toys) and (NP other well-known toy lines))))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP cited (NP (NP (NP retail trade) and (NP consumer demand)) (PP for (NP (NP new products) (VP introduced (NP *) (NP-TMP this year)) , (PP such as (NP (NP Cherry Merry Muffin) and (NP Turtle Tots))))))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ Mattel net) (ADVP more than) (VP doubled (PP-DIR to (NP (NP (QP $ 58.9 million) *U*) , or (NP (NP $ 1.19 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 25.4 million) *U*) , or (NP (NP 53 cents) (NP-ADV a share))) , (NP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 25 %) , (PP-DIR to (NP (QP $ 877.6 million) *U*)) , (PP-DIR from (NP (QP $ 702.4 million) *U*))) .)) (TOP (S (NP-SBJ Mattel) (VP said (SBAR 0 (S (NP-SBJ (NP (NP the company 's) sale) (PP of (NP (NP rights) (PP to (NP (NP land and buildings) (PP-LOC at (NP its (NAC-LOC Hawthorne , Calif. ,) headquarters))))))) (VP resulted (PP-CLR in (NP (NP a (ADJP (QP $ 13 million) *U*) charge) (PP to (NP third-quarter operating profit)))))))) .)) (TOP (S (NP-SBJ The charge) (VP did n't (VP affect (NP (NP net) (PP for (NP the quarter))) (SBAR-PRP as (S (NP-SBJ-1 it) (VP was (VP offset (NP *-1) (PP by (NP-LGS tax benefits)))))))) .)) (TOP (S (NP-SBJ Mattel) (VP has (VP purchased (NP (NP a new headquarters building) (PP-LOC in (NP (NP El Segundo) , (NP Calif.) ,)) (SBAR (WHNP which) (S (NP-SBJ it) (VP will (VP occupy (PP-TMP by (NP (NP the end) (PP of (NP next year))))))))))) .)) (TOP (S (S (NP-SBJ Democracy) (VP can (VP be (ADJP-PRD cruel (PP to (NP politicians)))))) : (S (ADVP-TMP Sometimes) (NP-SBJ it) (VP forces (S (NP-SBJ them) (VP to (VP make (NP choices)))))) .)) (TOP (S (ADVP-TMP Now (SBAR that (S (NP-SBJ the Supreme Court) (VP opened (NP the door) (PP-CLR on (NP (NP the subject) (PP of (NP abortion)))))))) , (NP-SBJ politicians) (VP are (VP squinting (PP-LOC under (NP (NP the glare) (PP of (NP democratic choice)))))) .)) (TOP (S (NP-SBJ Their discomfort) (VP is (NP-PRD (NP a healthy sign) (PP for (NP (NP the rest) (PP of (NP us)))))) .)) (TOP (S (NP-SBJ Republicans) (VP are (VP (VP squinting (ADVP-MNR most painfully) , (PP-TMP (ADVP at least) at (ADJP first))) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD only fair) (SBAR-PRP because (S (NP-SBJ-1 they) (VP 've (VP been (VP shielded (NP *-1) (NP-ADV the most))))))))))) .)) (TOP (S (ADVP-TMP (ADVP So long) (SBAR as (S (NP-SBJ abortion) (VP was (NP-PRD (NP a question) (PP for (NP (NP litigation) , not (NP legislation) ,))))))) (NP-SBJ Republicans) (VP could (VP find (NP political security) (PP-LOC in (NP absolutism)))) .)) (TOP (S (NP-SBJ-1 They) (VP could (VP attract (NP one-issue voters) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP adopting (NP (NP the right-to-life movement 's) strongest position)))) , (SBAR-ADV even as (S (NP-SBJ pro-choice Republicans) (VP knew (SBAR 0 (S (NP-SBJ this) (VP mattered (NP-ADV little) (PP on (NP (NP an issue) (VP monopolized (NP *) (PP by (NP-LGS the court))))))))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ it) (VP matters) .)) (TOP (S (NP-SBJ (NP Much) (PP of (NP Washington))) (VP thought (SBAR 0 (S (NP-SBJ it) (VP detected (NP George Bush) (PP-LOC-CLR in (NP (NP a characteristic waffle) (PP on (NP abortion)))) (NP-TMP the past week))))) .)) (TOP (S (ADVP-TMP (NP Only a month) ago) (NP-SBJ he) (VP 'd (VP warned (S (NP-SBJ Congress) not (VP to (VP pass (NP legislation (S (NP-SBJ *) (VP to (VP pay (PP-CLR for (NP (NP abortions) (PP-LOC in (NP (NP cases) (PP of (NP rape or incest))))))))))))))) .)) (TOP (S (NP-TMP Last Friday) , (SBAR-TMP after (S (NP-SBJ Congress) (VP passed (NP it) (ADVP anyway)))) , (NP-SBJ he) (VP hinted (SBAR 0 (S (NP-SBJ he) (VP was (VP looking (PP-CLR for (NP compromise))))))) .)) (TOP (SQ Was (NP-SBJ (NP the man) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP once) (VP was (ADJP-PRD (ADJP pro-choice) (PRN , but (ADVP-TMP later) (ADJP pro-life) ,)))))) (VP converting (ADVP again)) ?)) (TOP (S (PP In (NP fact)) , (NP-SBJ (NP Mr. Bush 's) dance) (VP was (NP-PRD (NP more wiggle) (PP than (NP waffle)))) .)) (TOP (S (NP-SBJ Pro-life advocates) (VP say (SBAR 0 (S (NP-SBJ the White House) (ADVP-TMP never) (VP wavered (PP over (NP the veto)))))) .)) (TOP (S (NP-SBJ (NP Christopher Smith) (PRN -LRB- (NP (NP R.) , (NP-LOC N.J.)) -RRB-) , (NP (NP a pro-life leader) (PP-LOC in (NP the House))) ,) (VP suggested (NP (NP a compromise) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP have (VP adapted (NP (NP restrictive language) (PP from (NP (NP rape and incest exceptions) (PP-LOC in (NP the states)))))))))))) .)) (TOP (S (NP-SBJ-2 The White House) , (S-ADV (NP-SBJ *-2) (ADVP-TMP never) (ADJP-PRD eager (PP for (NP a fight)))) , (VP (VP was (ADJP-PRD happy (S (NP-SBJ *-2) (VP to (VP try))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (SBAR-PRP-PRD (WHADVP why) (S (NP-SBJ George Bush) (VP said (SBAR 0 (S (NP-SBJ he) (VP was (VP looking (PP-CLR for `` (NP flexibility) ''))))) (NP-TMP last week)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ-2 Democrats) (VP refused (S (NP-SBJ *-2) (VP to (VP budge (ADVP-TMP *T*-1))))))) , (S (NP-SBJ pro-life Republicans) (VP met (PP-LOC at (NP the White House)) (PP-CLR with (NP (NAC Chief (PP of (NP Staff))) John Sununu)) (PP-TMP on (NP Monday)))) , and (S (NP-SBJ Mr. Bush) (ADVP-MNR quickly) (VP signaled (NP a veto))) .)) (TOP (S (PP-LOC Amid (NP (NP charges) (PP of (NP `` (NP timidity) '' (PP on (UCP (NP Panama) and (ADVP elsewhere))))))) , (NP-SBJ-1 the president) (VP was n't (VP about (S (NP-SBJ *-1) (VP to (VP offend (NP his (ADJP most energetic) constituency)))))) .)) (TOP (S (NP-SBJ The GOP doubters) (VP were (PP-LOC-PRD in (NP Congress))) .)) (TOP (S (PP-LOC In (NP (NP last week 's) House vote)) , (NP-SBJ 41 Republicans) (VP defected) .)) (TOP (S (PP-TMP After (NP the vote)) , (NP-SBJ Connecticut Rep. Nancy Johnson) (VP rounded (PRT up) (NP (ADJP nearly as many) signatures) (PP-LOC on (NP (NP a letter) (PP to (NP Mr. Bush)) (VP urging (NP-1 him) (S (NP-SBJ *T*-1) not (VP to (VP veto))))))) .)) (TOP (S (NP-SBJ (NP Even such a pro-life stalwart) (PP as (NP (NP Sen. Orrin Hatch) (PRN -LRB- (NP (NP R.) , (NP-LOC Utah)) -RRB-)))) (VP had (VP counseled (NP (NP some kind) (PP of (NP compromise))))) .)) (TOP (S (NP-SBJ The Senate) (VP passed (NP the same bill) (NP-TMP yesterday) , (PP-MNR with (NP (NP a veto-proof majority) (PP of (NP 67))))) .)) (TOP (S (NP-SBJ The manuevering) (VP illustrates (NP (NP an emerging Republican donnybrook) , (VP pacified (NP *) (PP-TMP since (NP the early 1980s))))) .)) (TOP (S (PP-LOC At (NP the 1988 GOP convention)) , (NP-SBJ-1 abortion) (VP was (ADVP barely) (VP discussed (NP *-1) (ADVP at all) , (SBAR-ADV though (S (NP-SBJ-2 delegates) (VP were (ADJP-PRD evenly divided (PP on (NP (NP the question) (PP of (NP an anti-abortion constitutional amendment)))))))))) .)) (TOP (S (S (NP-SBJ Ms. Johnson) (VP made (NP a passionate statement) (PP-CLR to (NP the platform committee)))) , but (S (NP-SBJ she) (VP was (VP talking (PP-CLR to (NP herself))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ many Republicans) (VP are (VP listening)) .)) (TOP (S (NP-SBJ They) (VP 're (ADJP-PRD frightened (PP by (SBAR-NOM (WHNP-1 what) (S (NP-SBJ they) (VP see (NP *T*-1) (PP-LOC in (NP (NP (NP New Jersey) , and (ADVP especially) (NP Virginia)) , (SBAR (WHADVP-2 where) (S (NP-SBJ-3 (NP pro-life GOP candidates) (PP for (NP governor))) (VP are (VP being (VP pummeled (NP *-3) (PP on (NP abortion)) (ADVP-LOC *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ (NP Eddie Mahe) , (NP a Republican consultant) ,) (VP says (SBAR 0 (S (NP-SBJ the two GOP candidates) (VP could (VP have (VP avoided (NP trouble) (SBAR-ADV if (S (NP-SBJ they) (VP had (VP framed (NP the issue) (ADVP-TMP first))))))))))) .)) (TOP (S -LRB- (PP-LOC In (NP Virginia)) , (NP-SBJ (NP Marshall Coleman) and (NP (NP his running mate) , (NP Eddy Dalton) ,)) (VP are both (PP-PRD on (NP the defensive)) (PP for (S-NOM (NP-SBJ *) (VP opposing (NP abortions)) (PP-LOC (ADVP even) in (NP (NP cases) (PP of (NP rape or incest))))))) . -RRB-)) (TOP (S But (NP-SBJ Mr. Mahe) (VP adds , `` (S (NP-SBJ (NP The net loser) (PP-TMP in (NP the next few years))) (VP is (NP-PRD the right-to-life side)))) . '')) (TOP (S (NP-SBJ (NP Darla St. Martin) , (PP of (NP the National (NAC Right (PP to (NP Life))) Committee)) ,) (VP says (SBAR 0 (S (NP-SBJ (NP exit polls) (PP from (NP the 1988 election))) (VP had (S (NP-SBJ single-issue , pro-life voters) (VP giving (NP Mr. Bush) (NP (NP (ADJP (QP about five) more) percentage points) (PP of (NP support)) (SBAR than (S (NP-SBJ pro-choice voters) (VP gave (NP Michael Dukakis))))))))))) .)) (TOP (S But (NP-SBJ (NP (NP the Supreme Court 's) opening) (PP of (NP debate))) (VP may (VP have (VP changed (NP even that)))) .)) (TOP (S (NP-SBJ (NP GOP pollster Neil Newhouse) , (PP of (NP the Wirthlin Group)) ,) (VP says (SBAR 0 (S (NP-SBJ polls) (NP-TMP this summer) (VP showed (SBAR that (S (NP-SBJ the single-issue voters) (VP had (ADVP about) (VP evened (PRT out))))))))) .)) (TOP (S (S (NP-SBJ Polls) (VP are (NP-PRD (NP no substitute) (PP for (NP principle))))) , but (S (NP-SBJ they) (VP 'll (VP do (PP for (NP some politicians))))) .)) (TOP (S (NP-SBJ The Republican danger) (VP is (SBAR-PRD 0 (S (NP-SBJ that abortion) (VP could (VP become (PP for (NP them)) (NP-PRD (SBAR-NOM (WHNP-1 what) (S (NP-SBJ it) (VP 's (ADVP-TMP long) (VP been (NP-PRD *T*-1) (PP for (NP Democrats)))))) , (NP a divisive litmus test))))))) .)) (TOP (S (NP-SBJ It) (VP 's (ADVP already) (NP-PRD that) (PP-LOC in (NP the Bush administration)) , (PP (ADVP at least) for (NP (NP any job) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ abortion) (VP is (ADVP even remotely) (NP-PRD an issue) (PP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ Oklahoma official Robert Fulton) (VP lost (NP (NP a chance) (PP for (NP (NP a senior job) (PP-LOC in (NP (NP the Department) (PP of (NP Health and Human Services))))))) (SBAR-TMP after (S (NP-SBJ right-to-life activists) (VP opposed (NP him))))) .)) (TOP (S (NP-SBJ-1 (NP Caldwell Butler) , (NP a conservative former congressman) ,) (VP was (VP barred (NP *-1) (PP-CLR from (NP a Legal Services post)) , (SBAR-TMP after (S (NP-SBJ he) (VP gave (NP (NP wrong answers) (PP on (NP abortion)))))))) .)) (TOP (S (NP-SBJ (NP Even (NP the president 's) doctor) , (NP Burton Lee) ,) (VP has (VP said (PP-LOC on (NP the record)) (SBAR that (S (NP-SBJ-1 he) (VP (VP 'd (VP love (S (NP-SBJ *-1) (VP to (VP be (NP-PRD surgeon general)))))) but (VP could n't (VP pass (NP the pro-life test)))))))) .)) (TOP (S (PP-LOC In (NP (NP the case) (PP of (NP HHS Secretary Louis Sullivan)))) , (NP-SBJ the litmus test) (VP could (ADVP yet) (VP damage (NP (NP issues) (ADJP important (PP to (NP (NP other parts) (PP of (NP the Republican coalition)))))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ Mr. Sullivan) (VP waffled (PP on (NP abortion)) (NP-TMP last year)))) , (NP-SBJ-1 the White House) (VP appeased (NP right-to-lifers) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP surrounding (NP him) (PP-CLR with (NP pro-life deputies)))))) .)) (TOP (S (NP-SBJ (NP Their views) (PP on (NP health care and welfare))) (VP did n't (ADVP much) (VP matter , (SBAR-ADV though (S (NP-SBJ HHS) (VP spends (NP (NP billions) (NP-ADV a year)) (PP-CLR on (NP both))))))) .)) (TOP (S (NP-SBJ It) (VP makes (NP (NP only a handful) (PP of (NP abortion-related decisions)))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ Democrats) (VP can (VP gloat (PP-CLR at (NP all this)) (PP-TMP for (ADVP now)))))) , (NP-SBJ-1 they) (VP may (VP want (S (NP-SBJ *-1) (VP to (VP contain (NP their glee)))))) .)) (TOP (S (PP On (NP abortion)) , (NP-SBJ their own day) (VP will (VP come)) .)) (TOP (S (ADVP-TMP Eventually) (NP-SBJ even Republicans) (VP will (VP find (NP (NP a way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP frame (NP the issue) (PP-MNR in (NP (NP ways) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP expose (NP pro-choice absolutism)))))) (ADVP-MNR *T*-2)))))))) .)) (TOP (SQ Does (NP-SBJ the candidate) (VP favor (NP (NP parental consent) (PP for (NP teen-age abortions)))) ?)) (TOP (S -LRB- (NP-SBJ The pro-choice lobby) (VP does n't (VP *?*)) .)) (TOP (FRAG -RRB- What about (S-NOM (NP-SBJ *) (VP banning (NP (NP abortions) (PP-TMP in (NP the second and third trimesters))))) ?)) (TOP (S -LRB- (NP-SBJ The lobby) (VP says (INTJ no) (ADVP again)) . -RRB-)) (TOP (S (NP-SBJ Democracy) (VP is (VP forcing (NP the abortion debate) (PP-DIR (PP toward (NP healthy compromise)) , (PP toward (NP the unpolarizing middle))))) .)) (TOP (S (S (NP-SBJ (NP Roe) (PP v. (NP Wade))) (VP pre-empted (NP political debate))) , so (S (NP-SBJ the extremes) (VP blossomed)) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ (NP the ambivalent middle) , (NP (NP a moral majority) (PP of (NP sorts))) ,) (VP is (VP reasserting (NP itself))) .)) (TOP (S (PP-TMP Within (NP a few years)) , (NP-SBJ-1 (NP the outcome) (PP-LOC in (NP most states))) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (SBAR-PRD that (S (NP-SBJ abortion) (VP will (VP be (ADJP-PRD (ADJP more restricted) , but not (ADJP completely banned))))))))))) .)) (TOP (S (NP-SBJ This) (VP is (SBAR-LOC-PRD (SBAR (WHADVP-2 where) (S (NP-SBJ the voters) (VP are (ADVP-LOC-PRD *T*-2)))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (SBAR-LOC-PRD (WHADVP-3 where) (S (NP-SBJ politicians) (ADVP-TMP usually) (VP end (PRT up) (ADVP-LOC *T*-3))))))))) .)) (TOP (S (NP-SBJ Union Pacific Corp . third-quarter net income) (VP fell (NP-EXT 17 %)) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Excluding (NP (NP earnings) (PP from (NP (NP discontinued operations) (ADVP-TMP (NP a year) earlier)))))) , (NP-SBJ net) (VP fell (NP-EXT (QP only 2) %)) .)) (TOP (S (NP-SBJ The energy , natural resources and railroad concern) (VP had (NP (NP net) (PP of (NP (NP (QP $ 137.4 million) *U*) , or (NP (NP $ 1.35 *U*) (NP-ADV a share)) , (ADVP down (PP from (NP (NP (QP $ 165 million) *U*) , or (NP (NP $ 1.44 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (PP-TMP In (NP the 1988 third quarter)) , (NP-SBJ (NP profit) (PP from (NP continuing operations))) (VP totaled (NP (QP $ 140.1 million) *U*)) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (NP-SBJ the company) (VP had (NP (NP profit) (PP from (NP discontinued operations)) (PP of (NP (NP (QP $ 24.9 million) *U*) (PP from (NP (NP sale) (PP of (NP (NP a pipeline) , (NP a refinery) and (NP (NP an interest) (PP in (NP a second refinery))))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 2 %) (PP-DIR to (NP (QP $ 1.58 billion) *U*)) (PP-DIR from (NP (QP $ 1.54 billion) *U*))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ Union Pacific) (VP jumped (NP-EXT $ 1.375 *U*) (PP-DIR to (NP (NP $ 75 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ its Union Pacific Railroad) (VP had (NP a (ADJP 3 %) profit increase) , (PP despite (NP (NP (NP a (ADJP 14 %) rise) (PP-LOC in (NP fuel costs))) and (NP (NP a (ADJP 4 %) drop) (PP-LOC in (NP car loadings))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Most) (PP of (NP the commodity traffic))) (VP was (ADVP-PRD off))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Earnings) (PP from (NP (NP continuing operations) (PP of (NP the Union Pacific Resources unit))))) (ADVP almost) (VP doubled)) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ It) (VP added (SBAR that (S (NP-SBJ (NP higher revenue) , (NP strong crude oil prices) and (NP higher natural gas prices)) (VP offset (NP (NP declines) (PP-LOC in (NP (NP production) (PP of (NP oil , gas and plant liquids))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the company) (VP cited (NP (NP cost-reduction moves) and (NP interest income))) .)) (TOP (S (NP-SBJ (NP Earnings) (PP from (NP Union Pacific Realty))) (VP dropped (NP-EXT 50 %) (PP-DIR to (NP (QP $ 3 million) *U*))) .)) (TOP (S (S-TPC-1 (PP-TMP Before (NP good will)) , (NP-SBJ Overnite Transportation earnings) (VP fell (NP-EXT 11 %) (PP-DIR to (NP (QP $ 15 million) *U*)))) , (NP-SBJ Union Pacific) (VP said (S *T*-1)) .)) (TOP (S (PP-TMP In (NP the nine months)) , (NP-SBJ net) (VP fell (NP-EXT 6.3 %) (PP-DIR to (NP (NP (QP $ 427.7 million) *U*) , or (NP (NP $ 3.98 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 456.4 million) *U*) , or (NP (NP $ 4 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ (NP Profit) (PP from (NP continuing operations)) (PP-TMP in (NP the year-earlier period))) (VP was (NP-PRD (QP $ 402.7 million) *U*)) .)) (TOP (S (NP-SBJ Revenue) (VP was (NP-PRD (QP $ 4.75 billion) *U*) , (ADVP up (NP 6 %) (PP from (NP (QP $ 4.49 billion) *U*)))) .)) (TOP (S (NP-SBJ The Federal Trade Commission) (VP ruled (SBAR that (S (NP-SBJ-1 five major title-insurance companies) (ADVP-MNR illegally) (VP fixed (NP (NP prices) (PP for (NP title search-and-examination services))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP participating (PP-CLR in (NP joint `` rating bureaus '')) (PP-LOC in (NP six states))))))))) .)) (TOP (S (NP-SBJ The FTC) (VP ordered (NP-1 the companies) (S (NP-SBJ *-1) not (VP to (VP use (NP rating bureaus) (PP-LOC in (NP those six states)))))) .)) (TOP (S (NP-SBJ The commission order) (VP named (NP (NP the following companies) : (NP (NP (NP (NP Ticor Title Insurance Co.) (PP of (NP California))) , (NP (NP a unit) (PP of (NP (ADJP Los Angeles-based) Ticor)))) ; (NP (NP (NP Chicago Title Insurance Co.) and (NP Safeco Title Insurance Co.)) , (NP (NP units) (PP of (NP Chicago Title & Trust Co.)))) ; (NP (NP Lawyers Title Insurance Corp.) , (NP (NP a unit) (PP of (NP (ADJP Richmond , Va.-based) Universal Corp.)))) ; and (NP (NP Stewart Title Guaranty Co.) , (NP (NP a unit) (PP of (NP Houston-based Stewart Information Services Corp))))))) .)) (TOP (S (NP-SBJ Chicago Title & Trust) (VP (VP acquired (NP Safeco) (PP-TMP in (NP 1987))) and (VP changed (NP (NP the unit 's) name) (PP-CLR to (NP Security Union Title Insurance Co)))) .)) (TOP (S (NP-SBJ The FTC) (VP ruled (SBAR that (S (NP-SBJ-1 the companies) (VP violated (NP federal antitrust law) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP fixing (NP rates) (PP-LOC in (NP (NP the following states) : (NP (NP New Jersey) , (NP Pennsylvania) , (NP Connecticut) , (NP Wisconsin) , (NP Arizona) and (NP Montana))))))))))) .)) (TOP (S (NP-SBJ The FTC) (ADVP-TMP first) (VP issued (NP an administrative complaint) (PP-LOC in (NP the case)) (PP-TMP in (NP 1985))) .)) (TOP (S (NP-SBJ (NP John Christie) , (NP (NP a lawyer) (ADVP-LOC here) (PP for (NP the two Chicago Title & Trust units)))) (VP accused (NP-1 the FTC) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP `` second-guessing '' (NP (NP state-level regulations) , (SBAR (WHPP-2 with (WHNP which)) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-3)))) ,) (S-3 (NP-SBJ his clients) (VP had (VP complied (PP-CLR *T*-2)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP expect (S (NP-SBJ all the companies) (VP to (VP appeal))))) , '' (NP-SBJ he) (VP added (S *T*-1)) .)) (TOP (S (NP-SBJ (NP A lawyer) (PP for (NP Lawyers Title))) (VP said (SBAR that , (S (SBAR-PRP because (S (NP-SBJ the named companies) (ADVP-TMP no longer) (VP use (NP (NP the type) (PP of (NP cooperative rating bureaus)) (VP attacked (NP *) (PP by (NP-LGS the FTC))))))) , (NP-SBJ (NP the commission 's) order) (VP wo n't (VP have (NP much practical impact)))))) .)) (TOP (S (NP-SBJ (NP Officials) (PP for (NP the other named companies))) (VP did n't (VP return (NP (NP telephone calls) (VP seeking (NP comment))))) .)) (TOP (S (NP-SBJ (NP MARK RESOURCES INC.) , (NP-LOC (NP Calgary) , (NP Alberta) ,)) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP (NP (QP 75 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 63.9 million) *U*) -RRB-) (PP of (NP (ADJP 8 %) convertible debentures))) (PP-DTV to (NP (NP a group) (PP of (NP securities dealers))))))))))) .)) (TOP (S (NP-SBJ (NP Mark) , (NP an oil and gas concern) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the 15-year debentures) (VP (VP are (ADJP-PRD convertible (PP-TMP before (NP maturity)) (PP at (NP (NP C$ 12.50 *U*) (PP for (NP each Mark common share)))))) , and (VP can (VP be (VP redeemed (NP *-1) (PP at (NP (NP the company 's) option)) , (PP-LOC under (NP certain conditions)) , (PP-TMP after (NP Nov. 30 , 1992))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 The government) (VP will (VP try (S (NP-SBJ *-1) (VP to (VP sell (NP (NP all the real estate) (VP managed (NP *) (PP by (NP-LGS the Federal Asset Disposition Association)))) (PP-MNR in (NP one fell swoop)))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP William Seidman) , (NP (NP chairman) (PP of (NP the Federal Deposit Insurance Corp)))) .)) (TOP (S (NP-SBJ-1 (NP The FADA real-estate package) , (PP with (NP (NP an asking price) (PP of (NP (QP $ 428 million) *U*)))) ,) (VP is (VP comprised (NP *-1) (PP-CLR of (NP (NP 150 properties) (PP-LOC in (NP Texas , California , Colorado , Arizona and Florida)))))) .)) (TOP (S (NP-SBJ It) (VP includes (NP (NP apartments) , (NP shopping centers) , (NP office buildings) and (NP undeveloped land))) .)) (TOP (S (NP-SBJ Mr. Seidman) (VP is (NP-PRD (NP chairman) (PP of (NP (NP the Resolution Trust Corp.) , (VP established (NP (NP *) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP sell or merge (NP (NP (NP the nation 's) hundreds) (PP of (NP insolvent savings-and-loan associations))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The RTC) , (VP created (NP *) (PP by (NP-LGS (NP this year 's) S&L bailout legislation))) ,) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP sell (NP (NP (NP FADA 's) network) (PP of (NP offices))) (ADVP-MNR separately)))))) .)) (TOP (S (NP-SBJ-1 (NP FADA) , (SBAR (WHNP-4 which) (S (NP-SBJ *T*-4) (VP holds (NP (NP problem assets) (PP of (NP (NP thrifts) (SBAR (WHNP-5 that) (S (NP-SBJ-2 *T*-5) (VP were (VP closed (NP *-2) (SBAR-TMP before (S (NP-SBJ-3 the bailout legislation) (VP was (VP enacted (NP *-3))))))))))))))) ,) (VP is (VP being (VP liquidated (NP *-1)))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The properties) (VP held (NP *) (PP by (NP-LGS FADA)))) (VP wo n't (VP be (VP sold (NP *-1) (ADVP-MNR piecemeal))))) , (NP-SBJ Mr. Seidman) (VP said (SBAR 0 (S *T*-2)) (PP-LOC in (NP (NP a speech) (PP-LOC before (NP (NP Southern Methodist University Business School) (PP-LOC in (NP Dallas))))))) .)) (TOP (S-2 `` (S (NP-SBJ-1 You) (VP need (S (NP-SBJ *-1) (VP to (VP buy (NP the entire lot)))))) (PRN , '' (S (NP-SBJ Mr. Seidman) (VP said (S *T*-2))) , ``) so (S (NP-SBJ *) (VP get (PRT out) (NP your checkbooks))) .)) (TOP (S (NP-SBJ-2 The following) (VP were (PP-LOC-PRD among (NP (NP (NP yesterday 's) offerings and pricings) (PP-LOC in (NP the (UCP U.S. and non-U.S.) capital markets)))) , (PP with (NP (NP terms) and (NP syndicate manager))) , (SBAR-ADV as (S (NP-SBJ-1 *-2) (VP compiled (NP *-1) (PP by (NP-LGS Dow Jones Capital Markets Report)))))) :)) (TOP (NP (NP Sequa Corp.) -- (NP (NP (QP $ 150 million) *U*) (PP of (NP (NP (ADJP (QP 9 5) %) notes) (ADJP due (NP-TMP Oct. 15 , 1999)) , (VP priced (NP *) (PP-CLR at (NP 99.75)) (S-CLR (NP-SBJ *) (VP to (VP yield (NP 9.664 %)))))))) .)) (TOP (S (NP-SBJ-1 The noncallable issue) (VP was (VP priced (NP *-1) (PP-CLR at (PP (NP (NP a spread) (PP of (NP 170 basis points))) above (NP (NP the Treasury 's) 10-year note))))) .)) (TOP (S (S-ADV (NP-SBJ *-3) (VP (VP Rated (S (NP-SBJ *) (ADJP-PRD-1 Baa-2)) (PP-2 by (NP-LGS (NP Moody 's) Investors Service Inc.))) and (VP (ADJP-PRD=1 triple-B-minus) (PP=2 by (NP-LGS (NP Standard & Poor 's) Corp.))))) , (NP-SBJ-3 the issue) (VP will (VP be (VP sold (NP *-3) (PP-MNR through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Merrill Lynch Capital Markets)))))))) .)) (TOP (NP (NP Virginia Public School Authority) -- (NP (NP (QP $ 55.7 million) *U*) (PP of (NP (NP school financing bonds) , (NP 1989 Series B) (PRN -LRB- (NP 1987 resolution) -RRB-) , (ADJP due (NP-TMP 19912000 , 2005 and 2010 ,)) (PP-MNR through (NP a BT Securities Corp. group))))) .)) (TOP (S (NP-SBJ-1 (NP The bonds) , (VP rated (S (NP-SBJ *) (ADJP-PRD double-A)) (PP by (NP-LGS (NP Moody 's) and (NP S&P)))) ,) (VP were (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP-CLR (PP from (NP (NP 6 %) (PP-TMP in (NP 1991)))) (PP to (NP (NP 7.10 %) (PP-TMP in (NP 2010)))))))))) .)) (TOP (S (NP-SBJ-1 Serial bonds) (VP were (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP-CLR to (NP 6.75 %)) (PP-TMP in (NP 2000))))))) .)) (TOP (S (S (NP-SBJ (NP Bonds) (ADJP due (NP-TMP 1991-1996))) (VP carry (NP 6.70 % coupons))) and (S (NP-SBJ (NP bonds) (ADJP due (NP-TMP 1997-2000))) (VP carry (NP (ADJP (QP 6 3) %) coupons))) .)) (TOP (S (NP-SBJ-1 (NP Term bonds) (ADJP due (NP-TMP 2005))) (VP are n't (VP being (ADVP-MNR formally) (VP reoffered (NP *-1)))) .)) (TOP (S (NP-SBJ They) (VP carry (NP a (ADJP 7 %) coupon)) .)) (TOP (S (NP-SBJ (NP Term bonds) (ADJP due (NP-TMP 2010))) (VP are (NP-PRD (NP (ADJP 7.10 %) securities) (VP priced (NP *) (PP-CLR at (NP par))))) .)) (TOP (NP (NP (NP St. Johns River Water Management District) , (NP-LOC Fla.)) -- (NP (NP $ 50,005,000 *U*) (PP of (NP (NP land acquisition revenue bonds) , (NP Series 1989) , (ADJP due (NP-TMP 1990-2000 , 2003 , 2006 and 2009)) , (VP (ADVP-MNR tentatively) priced (NP-1 *) (PP by (NP-LGS a Smith Barney , Harris Upham & Co. group)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (PP (PP from (NP (NP 6 %) (PP-TMP in (NP 1990)))) (PP to (NP (NP (QP about 7.03) %) (PP-TMP in (NP 2003)))))))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (QP $ 9.76 million) *U*) (PP of (NP (NP (ADJP 7 %) term bonds) (ADJP due (NP-TMP 2003)) , (VP priced (NP-1 *) (PP-CLR at (NP (QP 99 3))) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP (QP about 7.03) %))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP The $ 11,775,000 *U*) (PP of (NP (NP term bonds) (ADJP due (NP-TMP 2006))))) and (NP (NP the $ 13,865,000 *U*) (PP of (NP (NP term bonds) (ADJP due (NP-TMP 2009)))))) (VP are n't (VP being (ADVP-MNR formally) (VP reoffered (NP *-1)))) .)) (TOP (S (NP-SBJ-1 Serial bonds) (VP were (VP priced (NP-2 *-1) (PP-CLR at (NP par)) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP-CLR to (NP 6.90 %)) (PP-TMP in (NP 2000))))))) .)) (TOP (S (NP-SBJ-1 The bonds) (VP are (VP (VP insured (NP *-1)) and (VP rated (S (NP-SBJ *-1) (ADJP-PRD triple-A)) (PP by (NP-LGS (NP Moody 's) and (NP S&P)))))) .)) (TOP (NP (NP Federal Home Loan Mortgage Corp.) -- (NP (NP (QP $ 500 million) *U*) (PP of (NP (NP Remic mortgage securities) (VP being (VP offered (NP *) (PP-MNR in (NP 12 classes)) (PP by (NP-LGS Salomon Brothers Inc))))))) .)) (TOP (S (NP-SBJ-1 (NP The offering) , (NP Series 105) ,) (VP is (VP backed (NP *-1) (PP by (NP-LGS Freddie Mac (ADJP (QP 9 1) %) securities)))) .)) (TOP (S (ADVP Separately) , (NP-SBJ-1 (NP (QP $ 400 million) *U*) (PP of (NP Freddie Mac Remic mortgage securities))) (VP is (VP being (VP offered (NP *-1) (PP-MNR in (NP 10 classes)) (PP by (NP-LGS Kidder , Peabody & Co))))) .)) (TOP (S (NP-SBJ-1 (NP The offering) , (NP Series 106) ,) (VP is (VP backed (NP *-1) (PP by (NP-LGS Freddie Mac (ADJP (QP 9 1) %) securities)))) .)) (TOP (S (PP According (PP to (NP available details))) , (NP-SBJ yields) (VP range (PP-CLR (PP from (NP (NP 8.70 %) , (NP (NP a spread) (PP of (NP 80 basis points)) (PP over (NP three-year Treasury securities))) ,)) (PP to (NP (NP 10.37 %) , (NP (NP a spread) (PP of (NP 230 basis points)) (PP over (NP 20-year Treasurys))))))) .)) (TOP (S (NP-SBJ The offerings) (VP (VP bring (NP-1 (NP Freddie Mac 's) 1989 Remic issuance) (PP-CLR-2 to (NP (QP $ 32.6 billion) *U*))) and (VP (NP=1 its total volume) (PP-CLR=2 to (NP (QP $ 46.5 billion) *U*))) (SBAR-TMP since (S (NP-SBJ the program) (VP began (PP-TMP in (NP February 1988)))))) .)) (TOP (NP (NP European Investment Bank) (PRN -LRB- (NP agency) -RRB-) -- (NP (NP (QP 200 billion) lire) (PP of (NP (NP (ADJP 12 %) bonds) (ADJP due (NP-TMP Nov. 16 , 1995 ,)) (VP priced (NP-1 *) (PP-CLR at (NP 101 3)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP (NP 12 %) (PP less (NP full fees))))))) , (PP via (NP lead manager Banco Commercial Italiana))))) .)) (TOP (NP (NP Fees) (NP (QP 1 3)) .)) (TOP (NP (NP IBM International Finance) (PRN -LRB- (NP U.S. parent) -RRB-) -- (NP (NP (QP 125 million) European currency units) (PP of (NP (NP (ADJP (QP 9 1) %) bonds) (ADJP due (NP-TMP Nov. 10 , 1994)) , (VP priced (NP-1 *) (PP-CLR at (NP 101 5)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 9.13 %) (PP-CLR at (NP (NP the recommended reoffered price) (PP of (NP par)))))))) , (PP via (NP Banque Paribas Capital Markets))))) .)) (TOP (NP (NP Societe Generale Australia Ltd .) (PRN -LRB- (NP French parent) -RRB-) -- (NP (NP (QP 50 million) Australian dollars) (PP of (NP (NP (ADJP 17 %) bonds) (ADJP due (NP-TMP Nov. 20 , 1991 ,)) (VP priced (NP-1 *) (PP-CLR at (NP 101.90)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP (NP 16.59) (PP less (NP fees))))))) , (PP via (NP Westpac Banking Corp))))) .)) (TOP (VP Guaranteed (NP *) (PP by (NP-LGS Societe Generale)) .)) (TOP (NP (NP Fees) (NP (QP 1 1)) .)) (TOP (NP (NP Mitsubishi Trust & Banking Corp .) (PRN -LRB- (NP-LOC Japan) -RRB-) -- (NP (NP 200 million Swiss francs) (PP of (NP (NP (ADJP privately placed) convertible notes) (ADJP due (NP-TMP March 31 , 1994 ,)) (PP with (NP a fixed 0.75 % coupon)) (PP at (NP par)) , (PP via (NP (NP Union Bank) (PP of (NP Switzerland))))))) .)) (TOP (NP (NP Put option) (PP-TMP on (NP March 31 , 1992 ,)) (PP at (NP a fixed (QP 107 3))) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP yield (NP 3.5 %))))) .)) (TOP (ADJP Callable (PP-TMP from (NP March 31 , 1992 ,)) (PP at (NP (NP (QP 107 3)) , (VP declining (NP-EXT two points) (ADVP-TMP semi-annually) (PP-DIR to (NP par))))) .)) (TOP (S (NP-SBJ Each 50,000 Swiss franc note) (VP is (ADJP-PRD convertible) (PP-TMP (PP from (NP Nov , 27 , 1989)) , (PP to (NP March 21 , 1994 ,))) (PP at (NP (NP a premium) (PP over (NP (NP the closing share price) (NP-TMP (NP Oct. 25) , (SBAR (WHADVP-2 when) (S (NP-SBJ-3 terms) (VP are (VP scheduled (S (NP-SBJ-1 *-3) (VP to (VP be (VP fixed (NP *-1))))) (ADVP-TMP *T*-2))))))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ the company) (VP issued (NP (NP (QP 300 million) marks) (PP of (NP (NP convertible bonds) (PP with (NP (NP an indicated (ADJP (QP 2 3) %) coupon))) (ADJP due (NP-TMP March 31 , 1995 ,) (PP at (NP par)))))) , (PP-MNR via (NP Westdeutsche Landesbank Girozentrale Bank))) .)) (TOP (NP (NP Put) (PP-TMP on (NP March 31 , 1992 ,)) (PP-LOC at (NP (NP an indicated 105) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP yield (NP 4.80 %))))))) .)) (TOP (NP (NP (NP Call option) (VP beginning (NP-TMP March 31 , 1992) , (SBAR-ADV if (S (NP-SBJ (NP the price) (PP of (NP the stock))) (VP rises (NP-EXT (QP more than 50) %) (PP-TMP within (NP 30 trading days))))))) (CONJP as well as) (NP (NP a call option) (PP for (NP tax reasons))) .)) (TOP (S (NP-SBJ Each (ADJP (ADJP 1,000 mark) and (ADJP 10,000 mark)) bond) (VP is (ADJP-PRD convertible (PP-TMP (PP from (NP Nov. 27 , 1989 ,)) (PP to (NP March 21 , 1995 ,))) (PP at (NP (NP a price) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP determined (NP *-1) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-2 terms) (VP are (VP fixed (NP *-2) (NP-TMP Oct. 25) (ADVP-TMP *T*-4)))))))))))))) .)) (TOP (NP (NP Scandinavian Airlines System) (PRN -LRB- (NP-LOC Sweden) -RRB-) -- (NP (NP (QP 100 million) Swiss francs) (PP of (NP (NP (ADJP (QP 6 1) %) bonds) (ADJP due (NP-TMP Nov. 24 , 1999 ,)) (VP priced (NP-1 *) (PP-CLR at (NP 100 3)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 6.03 %))))) , (PP via (NP (NP Union Bank) (PP of (NP Switzerland))))))) .)) (TOP (NP (NP Call) (PP-TMP from (NP Nov. 24 , 1994 ,)) (PP at (NP (NP (QP 101 1)) , (VP declining (NP-EXT (NP 1 point) (NP-ADV a year))))) .)) (TOP (NP (NP Federal Home Loan Mortgage Corp.) -- (NP (NP (QP $ 400 million) *U*) (PP of (NP (NP 10-year debentures) (PP with (NP (NP a coupon rate) (PP of (NP 8.80 %)))) , (VP priced (NP *) (PP-CLR at (NP par)))))) .)) (TOP (S (NP-SBJ-1 (NP The debentures) , (ADJP callable (PP at (NP par)) (PP-TMP in (NP five years))) ,) (VP were (VP priced (NP *-1) (PP-CLR at (PP (NP (NP a yield spread) (PP of (NP (QP about 86) basis points))) above (NP the Treasury 10-year note))))) .)) (TOP (S (NP-SBJ-1 The issue) (VP is (VP being (VP sold (NP *-1) (PP-MNR through (NP (NP Freddie Mac 's) 17-member securities selling group))))) .)) (TOP (S (NP-SBJ The debentures) (VP mature (NP-TMP Oct. 27 , 1999)) .)) (TOP (S (NP-SBJ The debentures) (VP will (VP be (ADJP-PRD available) (PP-MNR in (NP book-entry form)) (ADVP only) (PP-MNR in (NP (NP (NP a minimum amount) (PP of (NP $ 5,000 *U*))) and (NP (NP additional increments) (PP of (NP $ 5,000 *U*))))))) .)) (TOP (S (NP-SBJ-1 Interest) (VP will (VP be (VP paid (NP *-1) (ADVP-TMP semi-annually)))) .)) (TOP (S (ADVP-TMP First) (NP-SBJ they) (VP get (S (NP-SBJ us) (VP to (VP buy (NP computers) (SBAR-PRP so (S (NP-SBJ we) (VP can (VP get (NP more information))))))))) .)) (TOP (S (ADVP-TMP Then) (NP-SBJ the computers) (VP give (NP us) (NP (NP more information) (SBAR than (S (NP-SBJ we) (VP can (ADVP-TMP ever) (VP read (NP *?*))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ-2 they) (VP plan (S (NP-SBJ *-2) (VP to (VP sell (NP us) (NP (NP products) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP sift (PP-CLR through (NP all the information)) (S-PRP (NP-SBJ *-3) (VP to (VP give (NP us) (SBAR-NOM (WHNP-4 what) (S (NP-SBJ-5 we) (ADVP really) (VP want (S (NP-SBJ *-5) (VP to (VP know (NP *T*-4)))))))))))))))))) .)) (TOP (S (NP-SBJ The products) (VP range (PP-CLR (PP from (NP computer-edited , personal newsletters)) (PP to (NP (NP systems) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP sit (PP-LOC inside (NP a personal computer))) and (VP pick (NP (NP stories) (PP on (NP selected topics))) (PP-CLR off (NP news wires)))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ Filtered news) (VP is (SBAR-NOM-PRD (WHNP-2 what) (S (NP-SBJ people) (VP want (NP *T*-2)))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Esther Dyson) , (NP (NP editor) (PP of (NP (NP Release 1.0) , (NP (NP an industry newsletter) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP spots (NP new developments))))))))) .)) (TOP (S `` (NP-SBJ-1 Most people) (VP read (NP (NP (QP 10 times) more) (PP than (ADJP necessary))) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP find (PRT out) (SBAR-NOM (WHNP-2 what) (S (NP-SBJ they) (ADVP really) (VP need (NP *T*-2))))))))) . '')) (TOP (S (NP-SBJ (NP Geoffrey Goodfellow) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP dropped (PP-CLR out (PP of (NP high school))) (ADVP-TMP back (PP in (NP the 1970s))) (S-PRP (NP-SBJ *-2) (VP to (VP manage (NP (NP a computer network) (PP-LOC at (NP a California research firm))))))))) ,) (VP says : `` (S (NP-SBJ-3 Old network hands) (VP have (VP started (S (NP-SBJ *-3) (VP to (VP turn (PRT off) (NP the network)))) (SBAR-PRP because (S (NP-SBJ they) (VP do n't (VP have (NP (NP time) (SBAR (WHADVP-4 0) (S (NP-SBJ *) (VP to (VP wade (PP-DIR through (NP the muck)) (ADVP-TMP *T*-4)))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Goodfellow) (VP has (VP started (NP (NP a (NAC-LOC Menlo Park , Calif. ,) company) (VP called (S (NP-SBJ *) (NP-PRD Anterior Technology))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP provides (NP (NP human editors) (PP for (NP public electronic networks))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP see (NP it) (PP-CLR as (NP a sewage treatment plant)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP A new product) , (NP NewsEdge) ,) (VP (VP carries (NP five business news wires) (ADVP-MNR simultaneously) (PP-DIR into (NP (NP a user 's) computer))) and (VP beeps and flashes (SBAR-TMP (WHADVP-3 whenever) (S (NP-SBJ (NP an article) (SBAR *ICH*-2)) (VP appears (ADVP-TMP *T*-3) (SBAR-2 (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (PP-PRD of (NP (NP interest) (PP to (NP the user)))))))))))) .)) (TOP (S (NP-SBJ-2 (NP The product) , (VP developed (NP *) (PP by (NP-LGS (NP Desktop Data Corp.) , (NP (NP a new company) (VP based (NP *) (PP-LOC-CLR in (NP (NP Waltham) , (NP Mass.) ,)))))))) (VP scans (NP the wires) (S-MNR (NP-SBJ *-2) (VP looking (PP-CLR for (NP (NP articles) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP contain (NP (NP key words) (VP specified (NP *) (PP by (NP-LGS the user)))))))))))) .)) (TOP (S (NP-SBJ (NP One early user) , (NP (NP David Semmel) , (NP (NP a Chicago venture capitalist) and (NP (NP investor) (PP in (NP Desktop Data)))) ,)) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP uses (NP it) (S-CLR (NP-SBJ *-1) (VP to (VP track (NP takeover developments)))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ he) (VP told (NP-1 NewsEdge) (S (NP-SBJ *-1) (VP to (VP look (PP-CLR for (NP (NP stories) (VP containing (NP (NP such words) (PP as (NP takeover , acquisition , acquire , LBO , tender , merger , junk and halted))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 'm (ADJP-PRD pretty confident (SBAR 0 (S (NP-SBJ I) (VP 'm (VP catching (NP everything)))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (UCP (S (NP-SBJ NewsEdge) (VP is (ADJP-PRD pricey))) : (FRAG (FRAG (NP (NP $ 7,500 *U*) (NP-ADV a year)) (PP for (NP a limited version))) , (FRAG (NP (NP $ 40,000 *U*) (NP-ADV a year)) (SBAR-ADV if (S (NP-SBJ-1 (NP the cost) (PP of (NP all the news wires))) (VP is (VP included (NP *-1))))))) .)) (TOP (S And (NP-SBJ it) (VP works (ADVP-MNR best) (PP-LOC in (NP high-powered personal computers))) .)) (TOP (S But (NP-SBJ (NP some investors and consultants) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP tried (NP it)))))) (VP are (ADJP-PRD enthusiastic)) .)) (TOP (S (NP-SBJ (NP Jeffrey Tarter) , (NP (NP editor) (PP of (NP (NP SoftLetter) , (NP a (NAC-LOC Watertown , Mass. ,) industry newsletter) ,)))) (VP says : `` (S (NP-SBJ I) (VP 've (VP seen (S (NP-SBJ (NP a lot) (PP of (NP people))) (VP fooling (PRT around) (PP-LOC on (NP (NP the fringes) (PP of (NP filtering information)))))))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP the first time) (SBAR (WHADVP-1 0) (S (NP-SBJ I) (VP 've (VP seen (NP (NP something) (SBAR (WHNP-2 0) (S (NP-SBJ I) (VP could (VP imagine (S (NP-SBJ (NP a lot) (PP of (NP people))) (VP using (NP *T*-2)))))))) (ADVP-TMP *T*-1))))))) . '')) (TOP (S (NP-SBJ-2 NewsEdge) (VP uses (NP an FM radio band) (S-CLR (NP-SBJ *-2) (VP to (VP carry (NP (NP news wires) (VP provided (NP *) (PP by (NP-LGS (NP (NP Reuters) , (NP McGraw-Hill) and (NP Dow Jones & Co.)) , (CONJP as well as) (NP (NP PR Newswire) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP carries (NP corporate press releases))))))))))))) .)) (TOP (S (NP-SBJ (NP An FM receiver) (VP attached (NP *) (PP-CLR to (NP (NP a user 's) personal computer)))) (VP receives (NP the information)) .)) (TOP (S (NP-SBJ Some organizations) (VP have (VP devised (NP (NP their own systems) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP sort (PP-CLR through (NP news wire items)) (SBAR-TMP as (S (NP-SBJ they) (VP come (ADVP-DIR in))))))))))) .)) (TOP (S (NP-SBJ (NP George Goodwin) , (NP (NP an account manager) (PP-LOC at (NP (NP Royal Bank) (PP of (NP Canada))))) ,) (VP adapted (NP-1 (NP a Lotus Development Corp. program) (VP called (S (NP-SBJ *) (NP-PRD Agenda)))) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP sort (PP-CLR through (NP international news wires)))))) .)) (TOP (S (NP-SBJ It) (ADVP-MNR automatically) (VP selects (NP (NP stories) (PP from (NP particular countries)) (PP for (NP (NP reading) (PP by (NP (NP the international bankers) (ADJP responsible (PP for (NP (NP lending) (PP-LOC in (NP those areas))))))))))) .)) (TOP (S (PP For (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP do n't (VP need (NP their personalized information) (NP-TMP (NP moment) (PP by (NP moment))))))))) , (NP-SBJ some services) (VP are (VP offering (NP overnight newsletters))) .)) (TOP (S (NP-SBJ-1 (NP Individual Inc.) , (NP (NP a new company) (PP-LOC in (NP (NP Brookline) , (NP Mass.) ,)))) (VP uses (NP (NP filtering technology) (VP developed (NP *) (PP by (NP-LGS Cornell University computer scientist Gerard Salton)))) , (S-CLR (NP-SBJ *-1) (VP to (ADVP-MNR automatically) (VP produce (NP (NP customized newsletters) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP sends (NP *T*-2) (ADVP-MNR electronically) (PP-DTV to (NP subscribers)) (PP-TMP by (NP (NP 8 a.m.) (NP the next day))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ We) (VP are (VP operating (NP (NP an information refinery) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP takes (NP (NP a broad stream) (PP of (NP raw data)))) and (VP turns (NP-PRD it) (PP-CLR into (NP actionable knowledge)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Yosi Amram) , (NP founder and president)) .)) (TOP (S (NP-SBJ (NP The daily newsletter) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is n't (ADJP-PRD widely available) (ADVP yet)))) ,) (VP will (VP (VP have (NP (NP a base cost) (PP of (NP (NP $ 2,000 *U*) (NP-ADV a year))))) and (VP provides (NP (NP full text) (PP of (NP relevant articles))) (PP-LOC under (NP (NP license agreements) (PP with (NP (NP Reuters) , (NP McGraw Hill) , (NP United Press International) , (NP two press release news wires) and (NP (NP Japan 's) Kyodo news service)))))))) .)) (TOP (S (NP-SBJ One early user) (VP is (NP-PRD (NP NEC Corp. 's) U.S. printer marketing arm)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ They) (VP want (NP (NP the full press releases) (PP on (NP (NP printer announcements) (PP by (NP their competition))))))) , '' (NP-SBJ Mr. Amram) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP tracks (NP (NP (UCP personnel and financial) announcements) (PP by (NP (NP NEC 's) distributors and customers)))) .)) (TOP (S (NP-SBJ-1 (NP Individual Inc. 's) technology) (VP goes (PP-DIR beyond (NP word searches)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP using (NP a computerized thesaurus))))) .)) (TOP (S (S-TPC-2 (SBAR-ADV If (S (NP-SBJ a customer) (VP asks (PP-CLR for (NP (NP stories) (PP about `` (NP IBM))))))) , '' (NP-SBJ the computer) (VP will (ADVP also) (VP supply (NP (NP stories) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP mention `` (NP (NP I.B.M.) , (NP International Business Machines) , or (NP Big Blue))))))))) , '' (NP-SBJ Mr. Amram) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ (NP Individual Inc. 's) computers) (VP can (VP weigh (NP (NP the value) (PP of (NP an article))))) (VP based (PP-CLR on (SBAR (WHADVP-1 how closely) (S (NP-SBJ the story) (VP matches (NP (NP the subscriber 's) interest area) (ADVP-MNR *T*-1)))))) .)) (TOP (S (S (NP-SBJ It) (VP compares (NP (NP the position) (PP of (NP key words)) (PP-LOC in (NP the story))))) ; (S (NP-SBJ (NP words) (PP-LOC in (NP the (NX (NX headline) or (NX first paragraph))))) (VP get (NP a higher value))) .)) (TOP (S And (NP-SBJ it) (VP calculates (SBAR (WHADVP-1 how often) (S (NP-SBJ the words) (VP appear (PP-LOC in (NP the story)) (ADVP-TMP *T*-1)))) (PP compared (PP with (SBAR (WHADVP how often) (S (NP-SBJ they) (VP appear (PP-LOC in (NP the entire data base)))))))) .)) (TOP (X (X (X The higher) (NP (NP the ratio) (PP of (NP hits)) (PP to (NP total words)))) , (X (X the higher) (NP (NP the presumed value) (PP to (NP the reader)))) .)) (TOP (S (NP-SBJ-3 (NP Pinpoint Information Corp.) , (NP-LOC (NP Chantilly) , (NP Va.)) , (NP (NP a producer) (PP of (NP (NP (ADJP $ 1,800-a-year) personalized newsletters) (PP about (NP the computer industry)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP started (NP full operation) (NP-TMP last month))))) ,) (VP relies (PP-CLR on (NP-2 12 human readers)) (S-CLR (NP-SBJ *-2) (VP to (VP code (NP news releases) (PP-MNR by (NP topic))))) (SBAR-PRP in order (S (NP-SBJ *-3) (VP to (VP select (NP (NP items) (PP for (NP each subscriber)))))))) .)) (TOP (S `` (S (NP-SBJ The computers) (VP find (NP (NP all the key words) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP can (VP *?* (NP *T*-1)))))))) , but (S (NP-SBJ the editors) (VP confirm (NP every one))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Computer picking) (VP is n't (ADJP-PRD perfect))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Harvey Golomb) , (NP (NP president and founder) (PP of (NP Pinpoint)))) .)) (TOP (S (NP-SBJ The humans) (ADVP also) (VP write (NP (NP abstracts) (PP of (NP (NP articles) (PP from (NP some 200 computer industry publications)))))) .)) (TOP (S (S (SBAR-TMP Once (S (NP-SBJ-2 all the articles) (VP are (VP (VP coded (NP *-2)) and (VP put (NP *-2) (PP-PUT in (NP a data base))))))) , (NP-SBJ (NP Pinpoint 's) computers) (VP (VP pick (NP (NP the (ADJP most relevant)) (PP for (NP each subscriber)))) and (VP lay (NP them) (PRT out) (PP-MNR in (NP a three-to-five-page newsletter format))))) ; (S (NP-SBJ-1 each newsletter) (VP is (VP sent (NP *-1) (ADVP-MNR directly) (PP-DIR from (NP the computer)) (PP-DIR to (NP (NP the subscriber 's) fax machine))))) .)) (TOP (S (NP-SBJ Mr. Golomb) (VP says (SBAR 0 (S (NP-SBJ (NP each) (PP of (NP his computers))) (VP can (VP produce and send (NP (NP (QP about 75) unique newsletters) (NP-ADV a night))))))) .)) (TOP (S (NP-SBJ-2 (NP Many computer network users) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP never) (VP see (NP news wires))))) (VP would (VP like (S (NP-SBJ *-2) (VP to (VP sort (PP-CLR through (NP their electronic mail)) (ADVP-MNR automatically)))))) .)) (TOP (S (NP-SBJ So-called E-mail) (VP is (NP-PRD (NP the collection) (PP of (NP (NP inter-office memos) , (NP gossip) , (NP technical data) , (NP schedules) and (NP directives))) (VP distributed (NP *) (PP-MNR over (NP (ADJP local and national) computer networks))))) .)) (TOP (SINV `` (S-TPC-5 (NP-SBJ All these interconnected computers) (VP make (S (NP-SBJ (NP it) (S *EXP*-4)) (ADJP-PRD difficult) (S-4 (NP-SBJ *) (VP to (VP sort (PRT out) (SBAR-NOM (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP 's (NP-PRD junk)))) and (SBAR (WHNP-2 what) (S (NP-SBJ *T*-2) (VP 's (NP-PRD important))))))))))) , '' (VP says (S *T*-5)) (NP-SBJ (NP Chuck Digate) , (NP (NP a former Lotus Development executive) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP has (VP started (NP (NP a new company) (SBAR (WHNP-6 0) (S (NP-SBJ *T*-6) (VP to (VP cope (PP-CLR with (NP the problem))))))))))))) .)) (TOP (S (NP-SBJ Mr. Digate) (VP says (SBAR 0 (S (NP-SBJ-1 (NP his firm) , (NP Beyond Inc.) ,) (VP has (VP (VP licensed (NP (NP technology) (VP known (NP *) (PP-CLR as (NP Information Lens)))) (PP-CLR from (NP (NP Massachusetts Institute) (PP of (NP Technology))))) and (VP plans (S (NP-SBJ *-1) (VP to (VP develop (NP it) (PP-CLR for (NP commercial use))))))))))) .)) (TOP (S (NP-SBJ The MIT project) (VP devised (NP (NP ways) (SBAR (WHADVP-2 0) for (S (NP-SBJ-1 E-mail) (VP to (VP be (ADVP-MNR automatically) (VP categorized (NP *-1) (PP-CLR as (NP top priority)) (SBAR-ADV if (S (NP-SBJ it) (VP (VP comes (PP-DIR from (NP certain designated senders))) or (VP requires (NP action) (PP-TMP in (NP (NP the next couple) (PP of (NP days)))))))) (ADVP-MNR *T*-2)))))))) .)) (TOP (S (NP-SBJ Mr. Digate) (VP says (SBAR that (S (NP-SBJ Beyond) (VP will (VP refine (NP the product) `` (SBAR-PRP so (S (NP-SBJ the message) (VP will (VP be (ADJP-PRD smart enough (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP know (S (NP-SBJ *-2) (VP to (VP (VP come (ADVP-DIR back)) and (VP bother (NP you) (ADVP again) (NP-TMP next week))))))))))))))))))) . '')) (TOP (S And (SBAR-ADV if (S (NP-SBJ a user) (VP is (ADJP-PRD busy)))) , `` (NP-SBJ he) (VP can (VP set (NP it) (PP-CLR for (NP (NP crisis mode) : ` (S (NP-SBJ *) (VP Do n't (VP bother (NP me) (PP-MNR with (NP reports)) (PP-TMP until (NP Monday))))))))) . ' '')) (TOP (S (NP-SBJ-2 (NP A program) (VP called (S (NP-SBJ *) (NP-PRD Notes))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (PP-LOC-PRD under (NP (NP development) (PP by (NP Lotus))))))) ,) (ADVP also) (VP is (VP designed (NP-3 *-2) (S-PRP-CLR (NP-SBJ *-3) (VP to (VP sort (NP (NP E-mail) (VP sent (NP *) (PP-LOC within (NP work groups))))))))) .)) (TOP (S (NP-SBJ (NP One thing) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (S (NP-SBJ E-mail) (ADJP-PRD difficult (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP sift (PP-CLR through (NP *T*-2)))))))))))) (VP is (SBAR-PRD that (S (NP-SBJ each item) (VP looks (NP-PRD the same))))) .)) (TOP (S (NP-SBJ (NP Notes) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP designed (NP *-1) (PP-CLR for (NP (NP advanced computers) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP display (NP graphics)))))))))) ,) (VP allows (S (NP-SBJ mail senders) (VP to (VP put (NP different logos) (PP-PUT on (NP their mail)))))) .)) (TOP (S (NP-SBJ (NP A daily news briefing) (PP from (NP the company librarian))) , (PP for (NP example)) , (VP would (VP have (NP (NP a distinctive format) (PP-LOC on (NP the screen))) , (SBAR-MNR just as (S (NP-SBJ a paper version) (VP would (VP have (NP *?*))))))) .)) (TOP (SINV `` (S-TPC-1 (PP With (NP E-mail)) , (NP-SBJ you) (VP do n't (VP have (NP (NP the visual clues) (PP of (NP paper)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Tarter) , (NP (NP the editor) (PP of (NP SoftLetter)))) .)) (TOP (S `` (PP With (NP Notes)) , (NP-SBJ they) (VP 're (ADJP-PRD visually distinct)) .)) (TOP (S (NP-SBJ Dean Witter Reynolds Inc.) (VP lost (NP (NP its second recent arbitration case) (VP involving (NP a former bond-trading executive)))) .)) (TOP (S (NP-SBJ A New York Stock Exchange arbitration panel) (VP ordered (NP-1 Dean Witter) (S (NP-SBJ *-1) (VP to (VP pay (NP (NP $ 404,294 *U*) (PP in (NP back bonuses))) (PP-DTV to (NP (NP William Kelly) , (NP (NP (NP the company 's) former head) (PP of (NP high-yield , high-risk junk-bond trading and sales))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP (VP awarded (NP-1 (NP $ 196,785 *U*) (PP in (NP back bonuses))) (PP-DTV-2 to (NP former trader Michael Newcomb))) and (VP (NP=1 (NP $ 69,105 *U*) (PP in (NP fees))) (PP-DTV=2 to (NP (NP the two men 's) attorneys)))) .)) (TOP (S (NP-SBJ (NP The sums) (VP awarded (NP *) (PP-DTV to (NP Messrs. Kelly and Newcomb)))) (VP represent (NP (NP bonuses) (SBAR (SBAR (WHNP-3 0) (S (NP-SBJ the two men) (VP said (SBAR 0 (S (NP-SBJ they) (VP deserved (NP *T*-3) (PP from (NP (NP the first half) (PP of (NP 1988)))))))))) , but (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP were n't (VP paid (NP *-1) (PP-PRP because of (NP (NP a dispute) (PP over (NP an incentive contract))))))))))) .)) (TOP (S (NP-SBJ (NP Jeffrey L. Liddle) , (NP (NP (NP the two men 's) attorney) (PP-LOC at (NP Liddle , O'Connor , Finkelstein & Robinson))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 Mr. Kelly) (VP began (S (NP-SBJ *-1) (VP working (PP-LOC at (NP Dean Witter)) (PP-TMP in (NP 1987)))))))) .)) (TOP (S (NP-SBJ Mr. Kelly) (VP built (NP (NP (NP the company 's) high-yield bond group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (NP-PRD (NP a minor player) (PP-LOC in (NP the junk-bond arena))))))))) .)) (TOP (S (S (NP-SBJ Dean Witter) (VP lost (NP (NP a separate case) (VP involving (NP a former bond executive))) (NP-TMP earlier this year))) ; (S (PP-TMP in (NP August)) (NP-SBJ it) (VP paid (NP (NP $ 666,666 *U*) (PP in (NP (NP back pay) and (NP a bonus)))) (PP-DTV to (NP (NP a former corporate-bond trading chief) , (NP Harold Bachman))))) .)) (TOP (S (NP-SBJ That award) (VP ended (NP (NP a dispute) (PP between (NP (NP Dean Witter) and (NP Mr. Bachman))) (PP over (SBAR-NOM (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD responsible (PP for (NP (NP certain bond-trading losses) (PP-TMP around (NP (NP the time) (PP of (NP the 1987 stock-market crash))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP A spokesman) (PP for (NP (NP Dean Witter) , (NP (NP a unit) (PP of (NP Sears , Roebuck & Co.))) ,))) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ DILLARD DEPARTMENT STORES Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP offered (NP (NP $ 50 million *U*) (PP of (NP (NP (ADJP (QP 9 1) %) debentures) (ADJP due (NP-TMP 2001)) (PP at (NP par))))))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Little Rock , Ark. ,) department-store retailer) (VP said (SBAR 0 (S (NP-SBJ-1 proceeds) (VP will (VP be (VP used (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP reduce (NP short-term debt)))))))))) .)) (TOP (S (NP-SBJ Goldman , Sachs & Co.) (VP was (NP-PRD the underwriter)) .)) (TOP (S (NP-SBJ American Brands Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 third-quarter net income) (VP rose (NP-EXT 13 %) , (S-ADV (NP-SBJ *-1) (VP reflecting (NP (NP strong gains) (PP-LOC in (NP its tobacco and distilled spirits businesses))))))))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP has (NP (NP businesses) (PP-LOC in (NP (NP life insurance) , (NP office products and hardware) , and (NP home-improvement products))))))) ,) (VP said (SBAR 0 (S (NP-SBJ net income) (VP rose (PP-DIR to (NP (NP (QP $ 166.4 million) *U*) , or (NP (NP $ 1.71 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 146.8 million) *U*) , or (NP (NP $ 1.53 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ-1 (NP Year-earlier results) (PP for (NP (NP the quarter) and (NP the nine months)))) (VP were (VP restated (NP-2 *-1) (S-PRP (NP-SBJ *-2) (VP to (VP reflect (NP (NP a change) (PP-LOC in (NP accounting standards)))))))) .)) (TOP (S (NP-SBJ Revenue) (VP declined (NP-EXT 2 %) , (PP-DIR to (NP (QP $ 3.06 billion) *U*)) (PP-DIR from (NP (QP $ 3.13 billion) *U*)) , (PP-PRP because of (NP (NP (NP the sale) (PP of (NP Southland Life)) (PP-TMP in (NP March))) , and (NP (NP the impact) (PP of (NP the stronger U.S. dollar)) (PP on (NP overseas results)))))) .)) (TOP (S (NP-SBJ (NP Operating profit) (PP for (NP world-wide tobacco products))) (VP rose (NP-EXT 10 %) (PP-DIR to (NP (QP $ 247.6 million) *U*))) .)) (TOP (S (PP For (NP distilled spirits)) , (NP-SBJ operating profit) (VP rose (NP-EXT 36 %) , (PP-DIR to (NP (QP $ 24.8 million) *U*))) .)) (TOP (S (PP-TMP In (NP the first nine months)) , (NP-SBJ net) (VP rose (NP-EXT 1.5 %) , (PP-DIR to (NP (NP (QP $ 458.8 million) *U*) , or (NP (NP $ 4.76 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 452 million) *U*) , or (NP (NP $ 4.50 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ The year-earlier period) (VP included (NP (NP (NP (QP $ 40.1 million) *U*) , or (NP (NP 41 cents) (NP-ADV a share)) ,) (PP from (NP discontinued operations)))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (PP-DIR to (NP (QP $ 9.03 billion) *U*)) (PP-DIR from (NP (QP $ 8.98 billion) *U*))) .)) (TOP (S (NP-SBJ (NP The average number) (PP of (NP (NP shares) (ADJP outstanding)))) (VP (VP rose (NP-EXT 2 %) (PP-TMP in (NP the third quarter))) but (VP was (ADVP-PRD down (NP 4 %)) (PP for (NP the nine months)))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ American Brands shares) (VP rose (NP-EXT $ 1.75 *U*) (PP-DIR to (NP $ 73 *U*))) .)) (TOP (S (NP-SBJ (NP SANTA FE PACIFIC PIPELINE PARTNERS Limited Partnership) , (PP of (NP Los Angeles)) ,) (VP increased (NP-1 its quarterly cash dividend) (PP-DIR to (NP (NP 60 cents) (NP-ADV a unit))) (PP-DIR from (NP 55 cents)) , (S-ADV (NP-SBJ *-1) (ADJP-PRD payable (NP-TMP Nov. 14) (PP to (NP (NP units) (PP of (NP record)) (NP-TMP Oct. 31)))))) .)) (TOP (S (NP-SBJ The company) (VP is (NP-PRD (NP an independent refined-petroleum-products pipeline) (VP serving (NP six Western states)))) .)) (TOP (S-HLN (NP-SBJ WASHINGTON) (VP LIES (ADVP-LOC-CLR LOW) (PP-TMP after (NP (NP the stock market 's) roller-coaster ride))) .)) (TOP (S (NP-SBJ-1 Lawmakers) , (S-ADV (NP-SBJ *-1) (VP haunted (NP *) (PP by (NP-LGS charges (SBAR that (S (NP-SBJ (NP some) (PP of (NP their comments))) (VP contributed (PP-CLR to (NP the 1987 crash))))))))) , (ADVP generally) (VP shy (ADVP-DIR away (PP from (NP (NP calls) (PP for (NP sweeping new legislation)))))) .)) (TOP (S But (S (NP-SBJ a House Energy and Commerce subcommittee) (VP will (VP quiz (NP SEC Chairman Breeden Wednesday)))) , and (S (NP-SBJ Treasury Secretary Brady) (VP will (VP go (PP-LOC-CLR before (NP the Senate Banking panel)) (NP-TMP Thursday)))) .)) (TOP (S (NP-SBJ (NP The market 's) wild week) (VP may (VP speed (PRT along) (NP (NP the market-reform legislation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP been (ADJP-PRD pending) (PP-TMP for (NP months)) (PP-LOC in (NP (NP the aftermath) (PP of (NP the 1987 crash))))))))))) .)) (TOP (S (NP-SBJ It) (VP may (ADVP also) (VP (VP expedite (NP (NP (NP the SEC 's) modest pending changes) (PP-LOC in (NP junk-bond disclosure rules)))) and (VP intensify (NP (NP (NP the Treasury 's) look) (PP at (NP (NP plans) (PP for (S-NOM (NP-SBJ *) (VP (VP giving (NP (NP new tax breaks) (PP on (NP dividends)))) and (VP raising (NP (NP taxes) (PP on (NP (NP short-term trades) (PP by (NP pension funds))))))))))))))) .)) (TOP (S (NP-SBJ Brady and Breeden) (VP work (ADVP-MNR well) (ADVP together) (PP on (NP the plunge)) , (PP despite (NP the fact (SBAR that (S (NP-SBJ the Treasury secretary) (VP opposed (NP (NP (NP Breeden 's) nomination) (PP to (NP the SEC post))))))))) .)) (TOP (S-HLN (NP-SBJ BAKER) (VP FALTERS (PP-LOC in (NP the Mideast)) (PP-LOC amid (NP (NP Israeli paralysis) and (NP Palestinian politics)))) .)) (TOP (S (PP Despite (S-NOM (NP-SBJ *-1) (VP seeing (S (NP-SBJ (NP his plan) (PP for (NP Israeli-Palestinian elections))) (VP wither))))) , (NP-SBJ-1 (NP the cautious secretary) (PP of (NP state))) (VP is (ADVP-TMP so far) (ADJP-PRD unwilling (S (NP-SBJ-2 *-1) (VP to (VP cut (NP U.S. (ADJP economic or military) aid) (S-PRP (NP-SBJ *-2) (VP to (VP force (NP Israeli cooperation))))))))) .)) (TOP (S (NP-SBJ Baker) (ADVP nonetheless) (VP remains (ADJP-PRD furious (PP both (PP at (NP-1 Shamir)) (PRN , (PP for (S-NOM (NP-SBJ *-1) (VP backing (PRT down) (PP on (NP the elections))))) ,) and (PP at (NP-2 (NP (NP Shamir 's) rival) , (NP Peres) ,)) (PRN (PP for (NP (NP political ineptitude) (PP in (S-NOM (NP-SBJ *-2) (VP forcing (NP (NP a premature cabinet vote) (PP on (NP (NP Baker 's) plan)))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ some U.S. officials) (VP fear (SBAR 0 (S (NP-SBJ PLO chief Arafat) (VP (VP is (VP getting (NP cold feet))) and (VP may (VP back (PRT off) (PP-DIR from (NP his recent (NX (NX moderation) and (NX (NX renunciation) (PP of (NP terrorism)))))))))))) .)) (TOP (S (S (NP-SBJ He) (VP is (PP-LOC-PRD under (NP (NP intense fire) (PP from (NP other Palestinian groups)))))) ; (S (NP-SBJ Syria) (VP is (VP pushing (NP (NP Ahmad Jibril) , (SBAR (WHNP-2 whose terrorist band) (S (NP-SBJ-1 *T*-2) (VP is (VP blamed (NP *-1) (PP-CLR for (NP the Pan Am 103 bombing)))))) ,) (PP-CLR as (NP (NP an alternative) (PP to (NP Arafat))))))) .)) (TOP (S-HLN (NP-SBJ (NP DARMAN'S MANEUVERS) (PP on (NP (NP the budget) and (NP capital gains)))) (VP hurt (NP him) (PP-LOC in (NP Congress))) .)) (TOP (S (NP-SBJ-1 Republicans (CONJP as well as) Democrats) (VP were (VP angered (NP *-1) (PP by (NP-LGS (NP (NP the budget director 's) rejection) (PP of (NP (NP Speaker Foley 's) effort (S (NP-SBJ-2 *) (VP to (VP expedite (NP a deficitcutting measure) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP stripping (NP it) (PP-CLR of (NP (NP the capital-gains tax cut) (CONJP as well as) (NP pet Democratic projects))))))))))))))) .)) (TOP (S (S (NP-SBJ Darman) (ADVP-TMP now) (VP blames (NP the clash) (PP-CLR on (NP miscommunication)))) , but (S (NP-SBJ (NP House GOP leader Michel) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP carried (NP the offer) (PP-DTV to (NP him))))) ,) (VP observes , `` (S (NP-SBJ I) (VP was (VP (VP speaking (NP English) (ADVP-MNR-3 *NOT*) (ADVP-PRP-4 *NOT*) (PP-TMP at (NP the time))) , and (VP (ADVP-MNR=3 quite loud) (SBAR-PRP=4 so (S (NP-SBJ-1 I) (VP could (VP be (VP understood (NP *-1)))))))))))) . '')) (TOP (S (NP-SBJ Senate GOP leader Dole) (VP ridicules (NP the budget chief) (PP-LOC on (NP the Senate floor))) .)) (TOP (S (NP-SBJ-4 Democratic counterpart Mitchell) , (S (NP-SBJ-2 *-4) (VP asked (NP-3 *-2) (S (NP-SBJ *-3) (VP to (VP interpret (NP (NP Darman 's) threat (S (NP-SBJ *) (VP to (VP make (S (ADJP-PRD permanent) (NP-SBJ (NP the across-the-board Gramm-Rudman cuts) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP took (NP-CLR effect) (NP-TMP this week))))))))))))))) , (VP says , `` (S (NP-SBJ-5 I) (VP do n't (ADVP even) (VP bother (S (NP-SBJ *-5) (VP to (VP interpret (NP them)))))))) . '')) (TOP (S But (NP-SBJ Darman) (VP suggests (SBAR 0 (S (NP-SBJ such tensions) (VP will (VP dissipate (ADVP-MNR quickly)))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ I) (VP can (VP show (NP (NP signs) (PP of (NP maturity))))))) , (NP-SBJ almost anybody) (VP can (VP *?*))) , '' (NP-SBJ he) (VP jokes (S *T*-1)) .)) (TOP (S-HLN (NP-SBJ HHS OFFICIALS) (VP expect (S (NP-SBJ Secretary Sullivan) (VP to (VP continue (NP (NP a ban) (PP on (NP (NP research) (VP using (NP fetal tissue))))))))) .)) (TOP (S (SBAR-TMP Before (S (NP-SBJ-1 he) (VP was (VP confirmed (NP *-1))))) , (NP-SBJ Sullivan) (VP said (SBAR 0 (S (NP-SBJ he) (VP had `` (NP (NP reservations) (PP about (NP (NP any blanket prohibitions) (PP on (NP medical research))))) .)))) '')) (TOP (S-3 But (ADVP-TMP now) (PRN , (S (NP-SBJ an official) (VP says (SBAR 0 (S *T*-3)))) ,) (NP-SBJ-1 he) (VP is `` (VP surrounded (NP *-1) (PP by (NP-LGS (NP right-to-lifers) , '' (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP contend (SBAR that (S (NP-SBJ (NP any breakthroughs) (PP-LOC in (NP fetal-tissue research))) (VP could (VP increase (NP (NP the demand) (PP for (NP abortions)))))))))))))) .)) (TOP (S-HLN (NP-SBJ (NP COOPERATION) (PP *ICH*-1)) (VP WANES (PP-CLR on (NP weapons development)) (PP-1 between (NP (NP the U.S.) and (NP Europe)))) .)) (TOP (S (S (NP-SBJ Britain , France and Italy) (VP pull (PP-DIR out (PP of (NP a proposal (S (NP-SBJ *) (VP to (VP build (NP new NATO frigates))))))))) ; (S (NP-SBJ (NP the U.S.) and (NP West Germany)) (VP have (NP-ADV each) (VP withdrawn (PP-DIR from (NP missile projects))))) .)) (TOP (S (S (NP-SBJ Defense experts) (VP say (SBAR 0 (S (NP-SBJ-1 joint projects) (VP are (ADVP increasingly) (VP squeezed (NP *-1) (PP by (NP-LGS (NP budget pressures) and (NP the desire (S (NP-SBJ *) (VP to (VP save (NP domestic jobs))))))))))))) ; (S (NP-SBJ some) (ADVP also) (VP fear (NP rising protectionism) (SBAR-TMP as (S (NP-SBJ European unity) (VP nears))))) .)) (TOP (NP-HLN BOTH SIDES NOW :)) (TOP (S (NP-SBJ-1 Virginia GOP lieutenant governor candidate Eddy Dalton) (VP tries (S (NP-SBJ *-1) (VP to (VP have (NP it) (NP-MNR both ways) (PP on (NP the abortion issue)))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ she) (VP opposes (NP abortion) (PP-LOC in (NP almost all cases))))) , (NP-SBJ she) (VP airs (NP (NP a TV commercial) (VP using (NP pro-choice buzzwords)))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ-1 A woman) (VP ought (S (NP-SBJ *-1) (VP to (VP have (NP a choice) (PP-LOC (PP in (NP (NP cases) (SBAR (WHADVP-2 where) (S (NP-SBJ her life or health) (VP are (PP-PRD in (NP danger)) (ADVP-LOC *T*-2)))))) and (PP in (NP (NP cases) (PP of (NP rape or incest)))))))))) , '' (NP-SBJ she) (VP proclaims (S *T*-3)) .)) (TOP (NP-HLN HOT TOPIC :)) (TOP (S (NP-SBJ (NP Interest) (PP in (NP the abortion issue))) (VP is (ADJP-PRD (ADJP so great) (SBAR that (S (NP-SBJ (NP the Hotline) , (NP a daily , computer-distributed political newsletter) ,) (VP comes (PRT up) (PP-CLR with (NP (NP a spinoff product) (VP called (S (NP-SBJ *) (NP-PRD the Abortion Report))) (VP dealing (ADVP solely) (PP-CLR with (NP its political implications)))))))))) .)) (TOP (S-HLN (NP-SBJ CONSERVATIVES) (VP EXPECT (S (NP-SBJ Bush) (VP to (VP solidify (NP (NP their majority) (PP-LOC on (NP a key court))))))) .)) (TOP (S (NP-SBJ Bush) (VP has (NP (NP three vacancies) (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP fill (NP *T*-3))))) (PP-LOC on (NP (NP the prestigious D.C. Circuit Court) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP (VP handles (NP many important regulatory issues)) and (VP is (ADVP-TMP often) (VP considered (S (NP-SBJ *-1) (NP-PRD (NP a warm-up) (PP for (NP future Supreme Court nominees))))))))))))) .)) (TOP (S (NP-SBJ Conservatives) (ADVP-TMP now) (VP hold (ADVP only) (NP a 5-4 edge)) .)) (TOP (S (S (NP-SBJ-1 One slot) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP go (PP-DIR to (NP (NP EEOC Chairman Clarence Thomas) , (NP a black conservative))))))))) ; (S (PP-TMP after (S-NOM (NP-SBJ *-2) (VP mulling (NP a fight)))) , (NP-SBJ-2 liberals) (ADVP-TMP now) (ADVP probably) (VP wo n't (VP put (PRT up) (NP (NP a major struggle) (PP against (NP him)))))) .)) (TOP (S (NP-SBJ (NP Other conservatives) (VP thought (S (NP-SBJ *) (VP to (VP be (PP-LOC-PRD on (NP (NP the administration 's) short list))))))) (VP include (NP (NP (NP Washington lawyer Michael Uhlmann) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (VP passed (PRT over) (PP-CLR for (NP (NP the No. 2 job) (PP-LOC at (NP the Justice Department)))))))) ,) and (NP (NP Marshall Breger) , (NP (NP chairman) (PP of (NP (NP a U.S. agency) (PP on (NP administration)))))))) .)) (TOP (S (S (NP-SBJ-1 The Bush administration) (VP would (ADVP also) (VP like (S (NP-SBJ *-1) (VP to (VP nominate (NP a woman))))))) ; (S (NP-SBJ one possibility) (VP is (NP-PRD former Justice Department official Victoria Toensing))) .)) (TOP (NP-HLN MINOR MEMOS :)) (TOP (S (S (PP-LOC In (NP (NP the wake) (PP of (NP the failed Panama coup)))) , (NP-SBJ a bumper sticker) (VP appears)) : `` (S (NP-SBJ Ollie) (VP Would (VP Have (VP Got (NP Him))))) . '' ...)) (TOP (S (NP-SBJ Rep. Garcia) , (PP on (NP (NP trial) (PP for (NP bribery and extortion)))) , (VP puts (NP (NP statements) (VP *ICH*-1)) (PP-PUT in (NP the Congressional Record)) (VP-1 attributing (NP missed votes) (PP-CLR to `` (NP scheduling conflicts)))) . '' ...)) (TOP (S (S (NP-SBJ-1 (NP A GOP Senate fund-raising letter) (PP from (NP (NP Sen. Burns) (PP of (NP Montana))))) (VP is (VP made (S (NP-SBJ *-1) (VP to (VP appear (ADJP-PRD personally written))))))) , and (S (NP-SBJ its opening line) (VP is , `` (S-PRD (INTJ Please) (NP-SBJ *) (VP excuse (NP my handwriting))))) . '')) (TOP (S But (NP-SBJ Burns) (VP confesses (PP-LOC in (NP an interview)) : `` (S (NP-SBJ That) (VP 's not (NP-PRD my handwriting)))) .)) (TOP (S (NP-SBJ (NP MC SHIPPING Inc.) , (NP-LOC New York) ,) (VP declared (NP (NP an initial quarterly) (PP of (NP (NP 60 cents) (NP-ADV a share))) (ADJP payable (NP-TMP Nov. 15) (PP to (NP (NP shares) (PP of (NP record)) (NP-TMP Oct. 30)))))) .)) (TOP (S (NP-SBJ The announcement) (VP boosted (NP (NP (NP the charter-shipping company 's) shares) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP closed (PP-CLR at (NP $ 15.125 *U*)) , (ADVP up (NP (NP $ 1.25 *U*) (NP-ADV a share))) , (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the American Stock Exchange))))))))) .)) (TOP (S (S (NP-SBJ-2 (NP The company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP went (ADJP-PRD public) (PP-TMP in (NP May))))) ,) (VP intends (S (NP-SBJ *-2) (VP to (VP pay (NP dividends) (PP-CLR from (NP available cash flow))))))) ; (S (NP-SBJ the amount) (VP may (VP vary (PP-CLR (PP from (NP quarter)) (PP to (NP quarter)))))) .)) (TOP (S (PP-TMP Ever since (NP (NP the (ADJP hotly contested) (NP America 's) Cup race) (NP-TMP last year))) , (NP-SBJ the famous yachting match) (VP has (VP run (PP-DIR into (NP (NP more rough sailing) (PP-LOC out (PP of (NP the water))) (PP than (PP-LOC in (NP it))))))) .)) (TOP (S (ADVP-TMP Now (SBAR that (S (NP-SBJ-1 (NP a key member) (PP of (NP the San Diego Yacht Club team))) (VP is (VP splitting (PRT off) (S-PRP (NP-SBJ *-1) (VP to (VP form (NP his own team))))))))) , (NP-SBJ even more competition) (VP lies (ADVP-LOC ahead)) .)) (TOP (S (NP-SBJ-1 (NP Peter Isler) , (NP (NP the winning navigator) (PP-LOC in (NP the past two (NP America 's) Cup challenges))) ,) (VP has (VP split (PP-CLR from (NP (NP the team) (VP led (NP *) (PP by (NP-LGS (NP Dennis Conner) , (NP (NP skipper) (PP of (NP the victorious Stars & Stripes))) ,))))) (S-PRP (NP-SBJ *-1) (VP to (VP form (NP (NP his own team) (PP for (NP (NP the next contest) (PP-TMP in (NP 1992)))))))))) .)) (TOP (S And , (PP in (NP (NP addition) (PP to (NP (NP a crack team) (PP of (NP sailors)))))) , (NP-SBJ Mr. Isler) (VP has (VP lined (PRT up) (NP (NP some real brass) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP help (S (NP-SBJ him) (VP finance (NP the syndicate)))))))))) .)) (TOP (S (NP-SBJ (NP Isler Sailing International 's) advisory board) (VP includes (NP (NP (NP Ted Turner) , (NP (NP Turner Broadcasting chairman) and (NP a former Cup victor))) ; (NP (NP Peter G. Diamandis) , (NP (NP head) (PP of (NP Diamandis Communications)))) , and (NP (NP Joseph B. Vittoria) , (NP (NP (NP chairman) and (NP chief executive)) (PP of (NP Avis Inc)))))) .)) (TOP (S (NP-SBJ His steering committee) (VP includes (NP (NP other notable businessmen) , (PP including (NP the California investor and old salt Roy E. Disney)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP have (NP the structure , people and plan))) , '' (NP-SBJ Mr. Isler) (VP said (S *T*-1) (PP-LOC in (NP a statement))) .)) (TOP (S (S (ADVP-TMP Now) , (NP-SBJ (NP the first order) (PP of (NP business))) (VP is (S-PRD (NP-SBJ *) (VP raising (NP (NP enough money) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP keep (S (NP-SBJ his team) (ADJP-PRD afloat))))))))))) -- (S (S (NP-SBJ a new yacht) (VP will (VP cost (NP (QP about $ 3 million) *U*) (ADVP alone)))) , and (S (NP-SBJ sailing syndicate budgets) (VP can (ADVP-MNR easily) (VP run (PP-DIR to (NP (QP $ 25 million) *U*)) (PP-PRP for (NP a Cup challenge)))))) .)) (TOP (S (NP-SBJ The split) (VP comes (PP-LOC in (NP (NP the midst) (PP of (NP (NP a court battle) (PP over (SBAR whether (S (NP-SBJ-1 the San Diego Yacht Club) (VP should (VP be (VP allowed (S (NP-SBJ *-1) (VP to (VP keep (NP (NP the international trophy) (PP for (S-NOM (NP-SBJ *) (VP sailing (NP a catamaran) (PP against (NP (NP the New Zealand challengers ') 90-foot monohull)))))))))))))))))))) .)) (TOP (S (PP-TMP In (NP September)) , (NP-SBJ (NP a New York) appellate court) (VP overturned (NP (NP a state judge 's) ruling (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP awarded (NP the Cup) (PP-DTV to (NP the New Zealand team))))))) .)) (TOP (S (PP Pending (NP (NP an appeal) (PP by (NP (NP the New Zealand team) , (VP led (NP *) (PP by (NP-LGS Michael Fay))) ,)))) (NP-SBJ-2 (NP the finals) (PP for (NP the next Cup challenge))) (VP are (VP scheduled (S (NP-SBJ-1 *-2) (VP to (VP be (VP held (NP *-1) (PP-TMP in (NP mid-1992)) (PP-LOC in (NP San Diego)))))))) .)) (TOP (S But (PP-PRP because of (NP (NP the uncertainty) (PP of (NP (NP the outcome) (PP of (NP the suit)))))) , (NP-SBJ (NP Mr. Conner 's) team) (VP has (VP done (NP (NP little) (SBAR (WHADVP-1 0) (S (NP-SBJ-2 *) (VP to (VP begin (S (NP-SBJ-3 *-2) (VP gearing (PRT up) (S (NP-SBJ *-3) (VP to (VP defend (NP its title)))))) (ADVP-MNR *T*-1)))))))) .)) (TOP (SINV `` (S-TPC-3 (SBAR-ADV If (S (NP-SBJ you) (VP do n't (VP know (SBAR (WHNP-1 what) (S (NP-SBJ (NP the rules) (PP of (NP the game))) (VP are (NP-PRD *T*-1)))))))) , (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (ADJP-PRD hard) (S-2 (NP-SBJ *) (VP to (VP start (NP your fund-raising or design)))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Dana Smith) , (NP (NP an official) (PP with (NP Team Dennis Conner)))) .)) (TOP (S (S (S-TPC-4 (NP-SBJ-3 The Conner team) (VP wo n't (VP be (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP negotiate (PP-CLR with (NP corporate sponsors)))))) (SBAR-TMP until (S (S (NP-SBJ-1 the suit) (VP is (VP resolved (NP *-1)))) and (S (NP-SBJ-2 the race site) (VP is (VP determined (NP *-2))))))))) , (NP-SBJ Mr. Smith) (VP said (SBAR 0 (S *T*-4)))) , and (S (NP-SBJ (NP the syndicate 's) budget) (VP could (ADVP-MNR easily) (VP reach (NP (QP $ 30 million) *U*)))) .)) (TOP (S But (NP-SBJ (NP spokesmen) (PP for (NP both (NP Mr. Isler) and (NP Mr. Conner)))) (VP say (SBAR 0 (S (NP-SBJ (NP the formation) (PP of (NP the new syndicate))) (VP has (S-CLR (NP-SBJ *) (VP to (VP do (PP-CLR with (NP (NP (NP Mr. Isler 's) desire (S (NP-SBJ-1 *) (VP to (VP (VP skipper (NP his own team)) and (VP begin (S (NP-SBJ *-1) (VP planning (ADVP-TMP now)))))))) , (CONJP rather than) (NP (NP any falling out) (PP between (NP the two sportsmen)))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Smith) and (NP (NP a spokesman) (PP for (NP (NP the America 's) Cup Organizing Committee)))) (VP insist (SBAR that (S (NP-SBJ (NP the added competition) (PP for (NP (NP the defender 's) spot))) (VP will (ADVP only) (VP improve (NP the race)))))) .)) (TOP (S (NP-SBJ Missouri farmer Blake Hurst) (VP writing (PP-LOC in (NP (NP the fall issue) (PP of (NP (NP the Heritage Foundation 's) Policy Review)))) (PP-CLR about (NP (NP the proposed location) (PP of (NP (NP a hazardous-waste incinerator) (PP-LOC in (NP his county))))))) :)) (TOP (S (PP Of (NP course)) (NP-SBJ I) (VP 'd (ADVP (ADVP rather) (PP *ICH*-1)) (VP have (NP a computer software firm) (PP-LOC in (NP my backyard)) (PP-1 than (NP a hazardous waste incinerator)))) .)) (TOP (S But (NP-SBJ I) (VP 'd (ADVP also) (ADVP (ADVP rather) (PP *ICH*-1)) (VP live (NP-LOC (NP next door) (PP (PP to (NP an incinerator)) (PP-1 than (PP to (NP (NP some) (PP of (NP (NP the hog farms) (SBAR (WHNP-2 0) (S (NP-SBJ I) (VP 've (VP seen -LRB- and smelt -RRB- (NP *T*-2) (PP-LOC in (NP these parts))))))))))))))) .)) (TOP (S (S (NP-SBJ An incinerator) (VP is (ADVP also) (ADVP probably) (ADJP-PRD (ADJP better) (PP than (S-NOM (NP-SBJ *) (VP having (NP (NP nobody) (NP-LOC next door)))))))) -- (S (PP-LOC on (NP our farm)) (NP-SBJ there) (VP are (NP-PRD four unoccupied houses))) .)) (TOP (S (PP-LOC On (NP (NP my four-mile drive) (PP to (NP farm headquarters)))) (NP-TMP each morning) , (NP-SBJ I) (VP drive (PP-DIR by (NP another four empty houses))) .)) (TOP (S (NP-SBJ (NP A community) (PP of (NP (NP abandoned farmsteads) , (NP failing businesses) , and (NP crumbling roads and bridges)))) (VP is (ADVP hardly) (NP-PRD a desirable one)) ... .)) (TOP (S (NP-SBJ (NP The loss) (PP of (NP 40 jobs)) (PP by (NP (NP a depressed county) (PP-LOC in (NP rural Missouri))))) (VP is (ADVP hardly) (PP-PRD of (NP national importance)) (PP except (PP for (NP (NP this) : (SBARQ (SBAR-ADV If (S (NP-SBJ-1 (NP the (ADJP most environmentally safe) way) (PP of (S-NOM (NP-SBJ *) (VP dealing (PP-CLR with (NP a national problem)))))) (VP can not (VP be (VP built (NP *-1) (PP-LOC in (NP Atchinson County))))))) , (WHNP-3 what hope) (SQ (VP have (NP *T*-3)) (NP-SBJ we) (PP for (S-NOM (NP-SBJ *) (VP dealing (PP-CLR with (NP (NP the wastes) (SBAR (WHNP-2 0) (S (NP-SBJ our economy) (VP produces (NP *T*-2))))))))))))))) ?)) (TOP (S (PP After (NP all)) , (NP-SBJ (NP farmers) (ADVP-LOC here)) (VP work (PP-CLR with (NP `` hazardous '' chemicals)) (NP-TMP every day) , (S-ADV (NP-SBJ (NP many) (PP of (NP them))) (NP-PRD (NP the same chemicals) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP would (VP have (VP been (VP destroyed (NP *-1) (PP-LOC in (NP the incinerator))))))))))) .)) (TOP (S (S (NP-SBJ We) (VP know (SBAR 0 (S (NP-SBJ they) (VP are (ADJP-PRD dangerous)))))) , but (S (SBAR-ADV if (S (NP-SBJ-1 *) (VP handled (NP *-1) (PP-MNR with (NP care))))) , (NP-SBJ their benefits) (ADVP far) (VP outweigh (NP (NP any risk) (PP to (NP the environment))))) .)) (TOP (S (S-TPC-3 (SBAR-SBJ Just because (S (NP-SBJ (NAC-LOC Stamford , Conn.) , High School) (VP did (NP nothing) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 its valuable 1930s mural) (VP was (VP thrown (NP *-1) (PP-DIR in (NP the trash)) (ADVP-TMP *T*-2)))))))) (VP does n't (VP mean (SBAR 0 (S (NP-SBJ the city) (ADVP-TMP no longer) (VP owns (NP (NP the work) (PP of (NP art))))))))) , (NP-SBJ a federal judge) (VP ruled (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-1 (NP The mural) , (VP (ADVP-TMP now) valued (NP *) (PP-CLR at (NP (QP $ 1.3 million) *U*)) (PP according (PP to (NP appraisers)))) ,) (VP was (VP tossed (NP *-1) (PP-DIR in (NP a trash heap)) (PP-TMP in (NP 1971)) (PP by (NP-LGS (NP workers) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP were (VP renovating (NP the building))))))))) .)) (TOP (S (NP-SBJ-1 (NP The 100-foot-long mural) , (VP painted (NP *) (PP by (NP-LGS James Daugherty)) (PP-TMP in (NP 1934))) ,) (VP was (VP commissioned (NP *-1) (PP by (NP-LGS the federal Works Project Administration)))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ-1 the discarded mural) (VP was (VP found (NP *-1) (PP-LOC outside (NP the school)) (PP by (NP-LGS a concerned Stamford graduate)))))) , (NP-SBJ-2 it) (ADVP-TMP eventually) (VP was (VP turned (NP-PRD *-2) (PRT over) (PP-CLR to (NP (NP Hiram Hoelzer) , (NP a professional art restorer))))) .)) (TOP (S (PP-TMP Throughout (NP the 1970s)) , (NP-SBJ Stamford school and city officials) (VP made (NP no effort (S (NP-SBJ *) (VP to (VP locate (NP the mural)))))) .)) (TOP (S (ADVP Apparently) (NP-SBJ the officials) (VP did n't (ADVP even) (VP know (SBAR 0 (S (NP-SBJ the mural) (VP was (VP missing)))) (PP-TMP until (NP (NP 1980) , (SBAR (WHADVP-1 when) (S (NP-SBJ a researcher) (VP (VP found (SBAR that (S (NP-SBJ the painting) (VP was (PP-LOC-PRD in (NP (NP Mr. Hoelzer 's) studio)))))) and (VP questioned (NP school officials) (PP-CLR about (NP it)) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (PP-TMP In (NP 1986)) , (NP-SBJ Stamford officials) (VP (VP thanked (NP-1 Mr. Hoelzer) (PP for (S-NOM (NP-SBJ *-1) (VP taking (NP-CLR care) (PP-CLR of (NP the mural)))))) -- and (VP demanded (SBAR 0 (S (NP-SBJ he) (VP return (NP it) (ADVP-TMP (ADVP as soon) (PP as (ADJP possible)))))))) .)) (TOP (S (NP-SBJ-1 Mr. Hoelzer) , (ADVP however) , (VP sued (NP Stamford) , (S-ADV (NP-SBJ *-1) (VP claiming (SBAR (SBAR that (S (NP-SBJ the city) (VP had (VP abandoned (NP the artwork))))) and (SBAR that (S (NP-SBJ-2 it) (VP had (VP waited (ADVP-TMP too long) (S (NP-SBJ *-2) (VP to (VP reclaim (NP it)))))))))))) .)) (TOP (S But (NP-SBJ (NP Judge Louis L. Stanton) (PP of (NP (NP federal court) (PP-LOC in (NP Manhattan))))) (VP ruled (SBAR that (S (NP-SBJ-1 the city) (VP could n't (VP be (VP faulted (NP-2 *-1) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP waiting (ADVP-TMP too long)))) (SBAR-PRP because (S (NP-SBJ it) (VP did n't (VP realize (PP-TMP until (NP 1986)) (SBAR that (S (NP-SBJ (NP its ownership) (PP of (NP the painting))) (VP was (PP-PRD in (NP dispute))))))))))))))) .)) (TOP (S (NP-SBJ The judge) (ADVP also) (VP ruled (SBAR that (S (NP-SBJ-2 the painting) (VP was n't (VP abandoned (NP *-2) (SBAR-TMP because (S (NP-SBJ officials) (VP (VP did n't (VP intend (SBAR for (S (NP-SBJ-1 it) (VP to (VP be (VP thrown (PRT away) (NP *-1)))))))) and (VP were (ADJP-PRD unaware (SBAR that (S (NP-SBJ the workmen) (VP had (VP discarded (NP it))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Hoelzer) (VP did n't (VP return (NP (NP phone calls) (VP seeking (NP (NP comment) (PP on (NP (NP the judge 's) decision))))))) .)) (TOP (S (NP-SBJ The judge) (VP ordered (SBAR that (S (NP-SBJ-1 a hearing) (VP be (VP held (NP *-1) (NP-TMP Nov. 17) (S-PRP (NP-SBJ *) (VP to (VP determine (SBAR (WHNP-2 how much) (S (NP-SBJ the city) (VP should (VP pay (NP Mr. Hoelzer) (NP *T*-2) (PP-CLR for (NP his services)))))))))))))) .)) (TOP (S (NP-SBJ (NP Mary E. Sommer) , (NP (NP corporate counsel) (PP for (NP Stamford))) ,) (VP said (SBAR 0 (S (NP-SBJ the city) (VP has (VP discussed (NP (NP several possible plans) (PP for (S-NOM (NP-SBJ *) (VP displaying (NP (NP the mural) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP portrays (NP (NP various scenes) (PP from (NP the Great Depression)))))))))))))))) .)) (TOP (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ the mural) `` (VP preserves (NP (NP an era) (PP-LOC (PP in (NP Stamford)) and (PP in (NP our country))) (SBAR (WHADVP-2 when) (S (NP-SBJ-1 (NP this type) (PP of (NP work))) (VP was (VP being (VP done (NP *-1) (ADVP-TMP *T*-2))))))))))) .)) (TOP (S (NP-SBJ (NP The prices) (PP of (NP corn futures contracts))) (VP jumped (PP-LOC amid (NP rumors (SBAR that (S (NP-SBJ the Soviet Union) (VP is (VP keeping (PRT up) (NP (NP its dizzying October buying binge) (PP of (NP U.S. corn)))))))))) .)) (TOP (S (NP-SBJ-1 Those rumors) (VP were (VP confirmed (NP *-1) (PP-TMP after (NP (NP the end) (PP of (NP trading)))) (NP-TMP yesterday) (SBAR (WHADVP-2 when) (S (NP-SBJ the U.S. Agriculture Department) (VP announced (SBAR that (S (NP-SBJ the Soviets) (VP had (VP bought (NP (NP (QP 1.2 million) metric tons) (PP of (NP U.S. corn))) , (S-ADV (NP-SBJ *) (VP bringing (NP (NP their U.S. corn purchases) (VP confirmed (NP *) (ADVP-TMP so far) (NP-TMP this month))) (PP-CLR to (NP (QP about five million) metric tons)))))))) (ADVP-TMP *T*-2)))))) .)) (TOP (S (PP-LOC In (NP (NP trading) (PP-LOC at (NP (NP the Chicago Board) (PP of (NP Trade)))))) , (NP-SBJ-1 (NP the corn contract) (PP for (NP December delivery))) (VP jumped (NP-EXT (NP 5.75 cents) (NP-ADV a bushel)) (S-CLR (NP-SBJ *-1) (VP to (VP settle (PP-CLR at (NP (NP $ 2.44 *U*) (NP-ADV a bushel))))))) .)) (TOP (S (NP-SBJ-1 The Soviet purchases) (VP are (ADJP-PRD close (PP to (S-NOM (NP-SBJ *-1) (VP exceeding (SBAR (WHNP-2 what) (S (NP-SBJ some analysts) (VP had (VP expected (S (NP-SBJ the Soviet Union) (VP to (VP buy (NP *T*-2) (NP-TMP (NP this fall) , (NP (NP the season) (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ it) (ADVP-TMP usually) (VP buys (NP (NP much) (PP of (NP (NP the corn) (SBAR (WHNP-4 0) (S (NP-SBJ it) (VP imports (NP *T*-4) (PP-DIR from (NP the U.S)))))))) (PP-TMP *T*-3)))))))))))))))))) .)) (TOP (S (NP-SBJ That pace) (VP is (VP causing (S (NP-SBJ some analysts) (VP to (VP speculate (SBAR that (S (NP-SBJ the Soviet Union) (VP might (ADVP-TMP soon) (VP purchase (NP (NP as much) (PP as (NP another (QP two million) metric tons)))))))))))) .)) (TOP (S (NP-SBJ One sign (SBAR that (S (NP-SBJ more Soviet purchases) (VP are (ADJP-PRD possible))))) (VP is (SBAR-PRD that (S (NP-SBJ U.S. grain companies) (NP-TMP yesterday) (VP bought (NP (NP an (ADJP unusually large) amount) (PP of (NP corn futures contracts))))))) .)) (TOP (S (NP-SBJ That) (ADVP-TMP sometimes) (VP signals (SBAR that (S (NP-SBJ they) (VP are (VP laying (NP plans (S (NP-SBJ *) (VP to (VP export (NP corn)))))))))) .)) (TOP (S (PP By (NP some estimates)) , (NP-SBJ (NP several grain companies) (VP combined (NP *))) (VP bought (NP (NP contracts) (PP for (NP (NP the possession) (PP of (NP (NP (QP roughly one million) metric tons) (PP of (NP corn)))))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP buying (NP futures contracts)))) , (NP-SBJ-1 these companies) (VP attempt (S (NP-SBJ *-1) (VP to (VP protect (NP themselves) (PP-CLR from (NP (NP swings) (PP-LOC in (NP (NP the price) (PP of (NP (NP the corn) (SBAR (WHNP-2 that) (S (NP-SBJ-3 they) (VP are (VP obligated (S (NP-SBJ *-3) (VP to (VP deliver (NP *T*-2)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Rumors) (PP of (NP Soviet interest))) (ADVP also) (VP pushed (ADVP-DIR up) (NP (NP the prices) (PP of (NP soybean futures contracts)))) .)) (TOP (S (PP Among (NP other things)) , (NP-SBJ-1 the Agriculture Department) (VP is (ADVP widely) (VP thought (S (NP-SBJ-2 *-1) (VP to (VP be (VP mulling (SBAR whether (S (NP-SBJ *-2) (VP to (VP subsidize (NP (NP the sale) (PP of (NP soybean oil)) (PP to (NP the Soviet Union))))))))))))) .)) (TOP (S (PP On (NP (NP top) (PP of (NP all this)))) , (NP-SBJ corn and soybean prices) (VP rose (PP on (NP reports (SBAR that (S (NP-SBJ-1 the Midwest harvest) (VP was (VP disrupted (NP *-1) (PP by (NP-LGS (NP a (ADJP freakishly early) snow storm) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP dumped (NP several inches) (PP-LOC in (NP (NP parts) (PP of (NP Indiana and Ohio)))))))))))))))) .)) (TOP (S (NP-SBJ-1 The harvest delays) , (ADVP however) , (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD temporary)))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 Balmy temperatures) (VP are (VP forecast (NP *-1) (PP-CLR for (NP next week))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Robert Lekberg) , (NP (NP an analyst) (PP-LOC at (NP (NP Farmers Grain & Livestock Corp.) , (NP Chicago))))) .)) (TOP (S (NP-SBJ-1 Many farmers) (VP used (NP (NP the jump) (PP-LOC in (NP prices))) (S-CLR (NP-SBJ *-1) (VP to (VP sell (NP their (ADJP recently harvested) crop) (PP-DTV to (NP grain elevator companies)))))) .)) (TOP (S (NP-SBJ-1 (NP The heavy selling) (PP by (NP farmers))) (VP helped (S (NP-SBJ *-1) (VP to (VP damp (NP the price rally))))) .)) (TOP (S (NP-SBJ Wheat futures prices) (VP rose (ADVP-EXT slightly)) .)) (TOP (PP-LOC-HLN In (NP other commodity markets yesterday) :)) (TOP (NP-HLN PRECIOUS METALS :)) (TOP (S (NP-SBJ Futures prices) (VP declined) .)) (TOP (S (NP-SBJ-1 (NP A number) (PP of (NP developments))) (VP were (ADVP-MNR negatively) (VP interpreted (NP *-1) (PP by (NP-LGS traders)))) .)) (TOP (S (NP-SBJ December delivery gold) (VP fell (NP-EXT (NP $ 1.80 *U*) (NP-ADV an ounce)) (PP-DIR to (NP $ 370.60 *U*))) .)) (TOP (S (NP-SBJ December silver) (VP eased (NP-ADV (NP 2.7 cents) (NP an ounce)) (PP-DIR to (NP $ 5.133 *U*))) .)) (TOP (S (NP-SBJ January platinum) (VP was (ADVP-PRD down (NP (NP $ 3.60 *U*) (NP-ADV an ounce))) (PP at (NP $ 491.10 *U*))) .)) (TOP (S (S-TPC-1 (NP-SBJ One price-depressing development) (VP was (NP-PRD (NP the lower-than-expected increase) (PP of (NP (QP only 0.2) %)) (PP-LOC in (NP (NP the consumer price index) (PP for (NP September))))))) , (NP-SBJ an analyst) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP noted (SBAR that (S (NP-SBJ (NP the `` core inflation rate) , '' (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP excludes (NP food and energy)))) ,) (VP was (ADVP also) (ADJP-PRD low) (PP-CLR at (NP 0.2 %)))))) .)) (TOP (NP (NP (NP Other news) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP weighed (PP-CLR on (NP the market)))))) : (S (S (NP-SBJ Initial unemployment claims) (VP rose (PP-EXT by (NP 62,000)) (NP-TMP last week))) ; (S (NP-SBJ American Telephone & Telegraph Co.) (VP will (VP reduce (NP its managerial staff) (PP-EXT by (NP 15,000)) (PP-MNR through (NP attrition))))) ; (S (NP-SBJ the oil market) (VP turned (ADJP-PRD weaker))) ; (S (NP-SBJ there) (VP was n't (NP-PRD (NP any investor demand) (PP for (NP bullion))))) ; and (S (NP-SBJ the dollar) (VP strengthened (PP-TMP during (NP the day)) , (S-ADV (NP-SBJ *) (VP putting (NP pressure) (PP-PUT on (NP gold))))))) .)) (TOP (S-1 (ADVP Also) (PRN , (S (NP-SBJ the analyst) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ economic circumstances) (VP are (ADJP-PRD such (SBAR that (S (NP-SBJ-2 (NP both (NP South Africa) and (NP the Soviet Union)) , (NP the principal gold and platinum producers) ,) (VP are (VP being (VP forced (S (NP-SBJ-3 *-2) (VP to (VP continue (S (NP-SBJ *-3) (VP selling (NP the metals))))))))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ Both) (VP are (PP-PRD in (NP (NP great need) (PP of (NP foreign exchange)))))) , and (S (NP-SBJ South Africa) (VP is (ADVP also) (PP-PRD under (NP pressure (S (NP-SBJ *) (VP to (VP meet (NP foreign loan commitments))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-2 (S-ADV (NP-SBJ *) (VP Putting (NP (NP it) (NP all)) (ADVP-PUT together))) , (NP-SBJ we) (VP have (NP (NP a negative scenario) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP does n't (VP look (SBAR like (S (NP-SBJ it) (VP will (VP improve (ADVP-TMP overnight)))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (NP-HLN COPPER :)) (TOP (S (NP-SBJ Futures prices) (VP recovered (PP-LOC in (NP quiet trading))) .)) (TOP (S (NP-SBJ The December contract) (VP rose (NP-EXT (NP 1.50 cents) (NP-ADV a pound)) (PP-DIR to (NP $ 1.2795 *U*))) .)) (TOP (S (NP-SBJ That contract) (VP (VP fell (NP (NP a total) (PP of (NP 5.75 cents))) (PP-TMP during (NP (NP the first three days) (PP of (NP this week)))) , (ADVP mostly) (PP in (NP (NP reaction) (PP to (NP (NP (NP last Friday 's) stock market plunge) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP prompted (NP concern (SBAR that (S (NP-SBJ it) (VP might (VP signal (NP (NP a similar sharp slowing) (PP of (NP the U.S. economy)))))))))))))))) and (ADVP thus) (VP reduced (NP (NP demand) (PP for (NP (NP copper) , (NP a leading industrial metal)))))) .)) (TOP (S (S-TPC-1 (PP-TMP In (NP recent days)) , (ADVP however) , (NP-SBJ there) (VP has (VP been (NP-PRD (NP increased purchasing) (PP of (NP copper)) (PP-LOC in (NP London)))))) , (NP-SBJ an analyst) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP this buying))) (VP was (PP-PRD by (NP (NP Japan) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP had (S (NP-SBJ-3 its supplies) (ADVP-MNR sharply) (VP reduced (NP *-3) (PP by (NP-LGS (NP long production stoppages) (PP-LOC at (NP (NP (NP (NP the Bougainville mine) (PP-LOC in (NP Papua New Guinea))) , (NP (NP Highland Valley mine) (PP-LOC in (NP British Columbia))) , and (NP (NP the Cananea mine) (PP-LOC in (NP Mexico))) ,) (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP are (NP-PRD (NP major shippers) (PP to (NP Japan))))))))))))))))))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ The increasing likelihood (SBAR that (S (NP-SBJ (NP Cananea) and (NP Highland Valley)) (VP will (ADVP-TMP soon) (VP return (PP-CLR to (NP production))))))) (VP may (VP have (VP cut (NP (NP some) (PP of (NP that purchasing))))))) , but (S (SBAR-ADV even if (S (NP-SBJ-1 (NP any) (PP of (NP these mines))) (VP begin (S (NP-SBJ *-1) (VP operating (ADVP-TMP soon)))))) , (NP-SBJ their output) (VP wo n't (VP be (ADJP-PRD significant) (PP-TMP until (NP (NP (ADVP at least) the end) (PP of (NP the year)))))))) , (NP-SBJ analysts) (VP note (SBAR 0 (S *T*-2))) .)) (TOP (S (ADVP So) , (NP-SBJ one analyst) (VP said) , (S (SBAR-ADV even though (S (NP-SBJ the long-term production problems) (VP may (VP be (VP easing))))) , (NP-SBJ there) (VP will (ADVP still) (VP be (NP-PRD (NP a significant need) (PP for (NP copper))) (PP-TMP over (NP (NP the next three months) , (SBAR (WHADVP-1 when) (S (NP-SBJ inventories) (VP will (VP remain (ADJP-PRD relatively low) (ADVP-TMP *T*-1)))))))))) .)) (TOP (NP ENERGY :)) (TOP (S (NP-SBJ Crude oil prices) (VP ended (ADJP-CLR mixed)) .)) (TOP (S (NP-SBJ (NP West Texas Intermediate) (PP for (NP November delivery))) (VP fell (NP-EXT (NP 14 cents) (NP-ADV a barrel)) (PP-DIR to (NP $ 20.42 *U*))) .)) (TOP (S But (NP-SBJ so-called outer month contracts) (VP finished (ADVP-CLR higher)) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ (NP December contracts) (PP for (NP WTI))) (VP rose (NP-EXT 17 cents) (PP-DIR to (NP $ 20.42 *U*))) .)) (TOP (S (NP-SBJ Most energy futures) (VP opened (ADVP-CLR lower) , (PP-TMP following (NP (NP Wednesday 's) market downturn))) .)) (TOP (S But (NP-SBJ (NP a flurry) (PP of (NP late trading)) (NP-TMP yesterday)) (VP beefed (PRT up) (NP prices)) .)) (TOP (S (NP-SBJ Heating oil and gasoline futures) (VP ended (ADVP-CLR higher) (ADVP as well)) .)) (TOP (S (NP-SBJ (NP Melvin Belli 's) San Francisco law offices) (VP may (VP have (VP been (NP-PRD (NP the epicenter) (PP of (NP legal activity))) (PP-TMP after (NP (NP Tuesday 's) earthquake))))) .)) (TOP (S (PP-TMP In (NP (NP the first 25 minutes) (SBAR-TMP after (S (NP-SBJ-1 (NP his office 's) telephone service) (VP was (VP restored (NP *-1) (NP-TMP yesterday morning))))))) , (NP-SBJ-2 17 potential clients) (VP had (VP called (S-MNR (NP-SBJ *-2) (VP seeking (NP (NP the services) (PP of (NP (NP the self-proclaimed King) (PP of (NP Torts))))))))) .)) (TOP (S (NP-SBJ Mr. Belli) , (PP like (NP many other personal-injury lawyers)) , (VP suspects (SBAR that (S (NP-SBJ (NP the earthquake) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP measured (NP (NP 6.9) (PP on (NP the Richter scale)))))) ,) (VP will (VP generate (NP (NP enough lawsuits) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP keep (S (NP-SBJ (NP this city 's) (UCP personal-injury and construction) lawyers) (ADJP-PRD busy)) (PP-TMP for (NP quite some time)))))))))))) .)) (TOP (S (NP-SBJ-2 Suits) (VP are (ADJP-PRD likely (S (NP-SBJ-1 *-2) (VP to (VP be (VP filed (NP *-1) (PP-CLR (PP against (NP (NP engineering firms) , (NP contractors) and (NP developers))) , (CONJP as well as) (PP against (NP local-government agencies))))))))) .)) (TOP (S But (NP-SBJ (NP lawyers) (VP looking (S-CLR (NP-SBJ *) (VP to (VP cash (PRT in) (PP-CLR on (NP the quake))))))) (VP may (VP have (NP a tough time) (SBAR-TMP once (S (NP-SBJ their cases) (VP reach (NP a judge)))))) .)) (TOP (S (NP-SBJ (NP Experts) (PP on (NP California tort law))) (VP say (SBAR 0 (S (NP-SBJ (NP protections) (VP afforded (NP *) (NP government agencies) (PP-LOC in (NP such cases)))) (VP are (ADJP-PRD pretty ironclad))))) .)) (TOP (S (NP-SBJ (NP Even claims) (PP against (NP individuals and companies))) (VP face (NP significant roadblocks)) .)) (TOP (S (NP-SBJ The major legal barrier) (VP is (NP-PRD the principle (SBAR that (S (NP-SBJ-1 no one) (VP can (VP be (VP held (S (NP-SBJ *-1) (ADJP-PRD liable (PP for (NP (NP an `` act) (PP of (NP God))))))))))))) . '')) (TOP (S-4 (PP-TMP For (ADVP now)) (PRN , (SINV (VP says (SBAR 0 (S *T*-4))) (NP-SBJ (NP Laurence Drivon) , (NP (NP president-elect) (PP of (NP the 6,000-member California Trial Lawyers Association))) ,))) `` (NP-SBJ (NP the last thing) (SBAR (WHNP-1 0) (S (NP-SBJ-2 we) (ADVP really) (VP need (S (NP-SBJ *-2) (VP to (VP worry (PP-CLR about (NP *T*-1))))))))) (VP is (SBAR-PRD (SBAR whether (S (NP-SBJ-3 anybody) (VP is (VP going (S (NP-SBJ *-3) (VP to (VP get (VP sued)))))))) , or (SBAR whether (S (NP-SBJ they) (VP (VP have (NP liability)))) or not))) .)) (TOP (S (NP-SBJ We) (ADVP still) (VP have (S (NP-SBJ-1 people) (VP wandering (ADVP-DIR around) (PP-MNR in (NP a daze)) (PP-LOC in (NP San Francisco)) (S-MNR (NP-SBJ *-1) (VP worrying (PP-CLR about (SBAR whether (S (NP-SBJ-2 it) (VP 's (VP going (S (NP-SBJ *-2) (VP to (VP rain (NP-TMP tonight)))))))))))))) . '')) (TOP (S But (NP-SBJ that) (VP wo n't (VP stop (NP-1 (NP plaintiffs ') lawyers) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP seeking (NP (NP a little room) (PP for (NP maneuvering)))))))) .)) (TOP (S-1 (PP-LOC In (NP San Francisco)) , (PRN (S (NP-SBJ they) (VP argue (SBAR 0 (S *T*-1)))) ,) (NP-SBJ an earthquake) (VP was (NP-PRD a near certainty)) .)) (TOP (S (ADVP Therefore) , (S (NP-SBJ-1 engineering firms , construction contractors and developers) (VP can (VP be (VP sued (NP-4 *-1) (PP-CLR for (S-NOM (NP-SBJ *-4) not (VP keeping (NP structures) (ADVP-CLR up (PP to (NP standard)))))))))) , and (S (NP-SBJ-2 government agencies) (VP can (VP be (VP held (S (NP-SBJ *-2) (ADJP-PRD accountable (PP for (S-NOM (NP-SBJ-5 *) (VP failing (S (NP-SBJ *-5) (VP to (ADVP properly) (VP protect (NP citizens) (PP-CLR from (NP such a foreseeable disaster)))))))))) , (SBAR-ADV if (S (NP-SBJ-3 negligence) (VP can (VP be (VP proven (NP *-3)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ My prediction) (VP is (SBAR-PRD 0 (S (NP-SBJ there) (VP will (VP be (NP-PRD (NP mass litigation) (PP over (NP (NP errors and omissions) (PP-LOC in (NP engineering and contracting))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Stanley Chesley) , (NP a well-known Cincinnati plaintiffs lawyer)) .)) (TOP (S (PP From (SBAR-NOM (WHNP-2 what) (S (NP-SBJ he) (VP saw (NP *T*-2) (PP-LOC on (NP television)))))) , (NP-SBJ Mr. Chesley) (VP points (PRT out) (SBAR that (S (NP-SBJ (NP Interstate 880) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP collapsed) and (VP killed (NP (QP more than 200) commuters))))) ,) (VP suffered (NP serious damage) (SBAR-ADV while (S (NP-SBJ-3 surrounding buildings) (VP appeared (S (NP-SBJ *-3) (VP to (VP sustain (NP no damage whatsoever))))))))))) .)) (TOP (S (NP-SBJ He) (VP adds (SBAR that `` (S (NP-SBJ they) (VP were (ADJP-PRD aware (PP of (NP (NP (NP the propensity) (PP for (NP earthquakes))) and (NP the San Andreas Fault)))))))) . '')) (TOP (S (NP-SBJ The (ADJP flamboyant and publicity-conscious) Mr. Belli) (VP says (SBAR 0 (S (NP-SBJ he) (ADVP already) (VP has (S (NP-SBJ investigators) (VP looking (PP-CLR into (SBAR-NOM (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP could (VP be (VP held (S (NP-SBJ *-1) (ADJP-PRD liable (PP for (NP (NP the damage) (PP on (NP (NP the Bay Bridge) and (NP (NP the interstate) (VP approaching (NP it))))))))))))))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ We) (VP wo n't (VP know (SBAR-TMP until (S (NP-SBJ the smoke) (VP clears)))))) -- but (S (INTJ yes) , (NP-SBJ we) (VP 're (VP looking (PP-CLR into (NP it)))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Belli) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP wants (S (NP-SBJ *-1) (VP to (VP know (SBAR whether (S (NP-SBJ (NP (UCP state or federal) engineers) or (NP private companies)) (VP could (VP have (VP prevented (NP the damage))))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Belli) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (PP-LOC-PRD at (NP Candlestick Park)) (PP-PRP for (NP the World Series)) (NP-TMP Tuesday night)))) ,) (VP says (SBAR 0 (S (NP-SBJ he) (VP has (VP hired (S (NP-SBJ civil engineers) (VP (VP to (VP check (PRT out) (NP his own (ADJP mildly damaged) building))) and (VP to (VP investigate (NP the bridge collapse)))))))))) .)) (TOP (S (NP-SBJ Defense lawyers) , (ADVP perhaps understandably) , (VP say (SBAR that (S (NP-SBJ (NP (NP plaintiffs ') lawyers) (VP taking (NP such an approach))) (VP will (VP have (NP little success) (PP in (S-NOM (NP-SBJ *) (VP pursuing (NP their claims)))))))) , (SBAR-ADV though (S (NP-SBJ they) (VP add (SBAR that (S (NP-SBJ-1 (NP the facts) (PP of (NP each case))) (VP must (VP be (VP looked (PP at (NP *-1)) (ADVP-MNR individually)))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 (NP A lot) (PP of (NP this))) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD code-related))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Ignazio J. Ruvolo) , (NP (NP a construction law specialist) (PP-LOC at (NP (NP Bronson , Bronson & McKinnon) , (NP a San Francisco law firm))))) .)) (TOP (S-2 (NP-SBJ Plaintiffs) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) ,) (VP will (VP argue (SBAR that (S (NP-SBJ-1 damaged structures) (VP were n't (VP built (NP *-1) (PP-MNR to (NP proper design standards)))))))) .)) (TOP (S But (S-TPC-2 (SBAR-ADV if (S (NP-SBJ defendants) (VP can (VP prove (SBAR that (S (NP-SBJ they) (VP met (NP (NP San Francisco 's) stringent building codes)))))))) , `` (NP-SBJ-1 that) (VP 's (ADVP probably) (VP going (S (NP-SBJ *-1) (VP to (VP protect (NP them))))))) , '' (NP-SBJ Mr. Ruvolo) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S-2 (NP-SBJ-1 Government entities) (PRN , (SINV (VP continues (SBAR 0 (S *T*-2))) (NP-SBJ Mr. Ruvolo)) ,) (VP could (VP be (VP protected (NP *-1) (PP by (NP-LGS the California Government Tort Liability Act))))) .)) (TOP (S (S-TPC-3 (PP-LOC Under (NP the statute)) , (NP-SBJ-1 agencies) (VP are (VP provided (NP *-1) `` (NP (NP defenses) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (ADVP normally) (VP are n't (ADJP-PRD available) (PP-LOC in (NP the private sector))))))))) , '' (NP-SBJ Mr. Ruvolo) (VP says (SBAR 0 (S *T*-3))) .)) (TOP (S `` (NP-SBJ-1 The legislature) (VP does not (VP want (S (NP-SBJ-2 *-1) (VP to (VP inhibit (NP the unique government activities) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP exposing (NP public entities) (PP-CLR to (NP liability)))))))))) . '')) (TOP (SINV (VP-TPC-3 Built (NP *-4) (PP-CLR into (NP the statute))) (VP are (VP *T*-3)) (NP-SBJ-4 (NP so-called design immunities) , (SBAR (WHNP-1 which) (S (NP-SBJ-5 *T*-1) (VP are (ADJP-PRD likely (S (NP-SBJ *-5) (VP to (VP protect (NP government agencies))))))))) , (PP according (PP to (NP (NP Mr. Ruvolo) and (NP (NP Richard Covert) , (NP (NP a lawyer) (PP with (NP (NP the California Department) (PP of (NP Transportation)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP oversees (NP the damaged Bay Bridge))))))))))) .)) (TOP (SINV (S-TPC-5 (NP-SBJ-1 The state) (VP is (VP protected (NP *-1) (SBAR-TMP (SBAR (WHADVP-3 when) (S (NP-SBJ-2 (NP plans and designs) (PP for (NP public structures))) (VP were (VP approved (NP *-2) (ADVP-TMP ahead (PP of (NP time))) (ADVP-TMP *T*-3))))) or (SBAR (WHADVP-4 when) (S (NP-SBJ structures) (VP met (NP (ADJP previously approved) standards) (ADVP-TMP *T*-4)))))))) , (VP says (SBAR 0 (S *T*-5))) (NP-SBJ Mr. Covert) .)) (TOP (S (NP-SBJ He) (VP believes (SBAR 0 (S (NP-SBJ those defenses) (VP might (ADVP well) (VP apply (PP-CLR to (NP the Bay Bridge collapse))))))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ he) (VP adds , `` (S (NP-SBJ-1 I) (VP would n't (VP get (ADVP totally) (VP shocked (NP *-1) (SBAR-ADV if (S (NP-SBJ we) (VP get (NP lawsuits) (PP-CLR out (PP of (NP the Bay Bridge))))))))))) . '')) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 there) (VP 's (VP going (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a race) (PP to (NP the courthouse)))))))))) , (NP-SBJ it) (VP has n't (VP started (ADVP yet))) .)) (TOP (S (S (NP-SBJ-2 Mr. Covert) (VP had (S (NP-SBJ *-2) (VP to (VP search (PP-CLR through (NP (NP law books) (VP scattered (NP *) (PP-LOC on (NP (NP the floor) (PP of (NP his office))))))) (NP-TMP yesterday)))))) , and (S (NP-SBJ-1 (NP Mr. Belli 's) courtyard) (VP was (VP strewn (NP *-1) (PP-CLR with (NP bricks))))) .)) (TOP (S (NP-TMP Wednesday) , (NP-SBJ-1 (NP Mr. Belli 's) staff) (VP was n't (VP permitted (NP *-1) (PP-DIR into (NP his office)) (PP by (NP-LGS (NP city officials) (VP worried (NP *) (PP-CLR about (NP their safety))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP (VP set (PRT up) (NP shop) (PP-LOC on (NP the sidewalk)) (PP-LOC in (NP (NP front) (PP of (NP his town-house office))))) and (VP helped (S (NP-SBJ victims) (VP apply (PP-CLR for (NP federal aid)) -- (ADVP free (PP of (NP charge)))))))))) .)) (TOP (S (PP-LOC In (NP (NP a news release) (VP issued (NP *) (PP by (NP-LGS Mr. Drivon))))) , (NP-SBJ the trial lawyers association) (ADVP also) (VP promised (NP (NP free assistance) (PP to (NP victims)))) .)) (TOP (S (NP-SBJ The association) (VP (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP monitor (NP (NP the conduct) (PP of (NP lawyers)))))))) and (VP warned (SBAR that (S (NP-SBJ (NP solicitation) (PP of (NP business))) (VP is (ADJP-PRD unethical)))))) .)) (TOP (SBARQ (WHNP-1 What) (SQ 's (NP-SBJ *T*-1) (PP-PRD in (NP a name))) ?)) (TOP (FRAG (ADVP Apparently) (NP a lot) , (PP according (PP to (NP (NP the British firm) (PP of (NP Deloitte , Haskins & Sells))))) .)) (TOP (S (NP-SBJ-1 The British firm) (VP has (VP begun (NP court proceedings) (PP-LOC in (NP London)) (S-PRP (NP-SBJ *-1) (VP to (VP prevent (NP (NP the use) (PP of (NP the name `` Deloitte '')) (PP by (NP (NP Deloitte , Haskins & Sells) and (NP (NP Touche Ross & Co.)))) (PP-LOC in (NP (NP England) and (NP (NP the rest) (PP of (NP the world))))))))))) .)) (TOP (S (NP-SBJ The British Deloitte firm) (ADVP-TMP recently) (VP (VP withdrew (PP-CLR from (NP (NP the merger) (PP of (NP Deloitte and Touche world-wide))))) and (VP joined (NP Coopers & Lybrand))) .)) (TOP (S (NP-SBJ (NP John Bullock) , (NP (NP senior partner) (PP of (NP Deloitte)) (PP-LOC in (NP the U.K.))) ,) (VP said `` (S (NP-SBJ-1 the decision (S (NP-SBJ *) (VP to (VP start (NP these proceedings))))) (VP has n't (VP been (VP taken (NP *-1) (ADVP-MNR lightly)))))) . '')) (TOP (S (NP-SBJ Mr. Bullock) (VP said (SBAR 0 (S (NP-SBJ the British firm) (VP has (VP used (NP the name `` Deloitte '') (PP-TMP since (NP 1845))))))) .)) (TOP (S (PP-LOC In (NP the U.S.)) , (NP-SBJ-1 Deloitte , Haskins & Sells) (VP was (VP known (NP *-1) (PP-CLR as (NP Haskins & Sells)) (PP-TMP until (NP (NP 1978) , (SBAR (WHADVP-2 when) (S (NP-SBJ it) (VP added (NP (NP the `` Deloitte '' name) (PP of (NP its British affiliate))) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (NP-SBJ (NP John C. Burton) , (NP (NP an accounting professor) (PP-LOC at (NP (NP (NP Columbia University 's) Graduate School) (PP of (NP Business))))) ,) (VP said `` (S (NP-SBJ there) (VP 's (NP-PRD (NP a lot) (PP of (NP emotion)) (VP involved (NP *) (PP-CLR in (NP (NP the name) (PP of (NP (NP an accounting firm) (PP (PP with (NP a long history)) and (PP with (NP (NP roots) (PP-LOC in (NP (NP England) , (SBAR (WHADVP-1 where) (S (NP-SBJ accounting) (VP predates (NP the U.S) (ADVP-LOC *T*-1)))))))))))))))))) . '')) (TOP (SINV (S-TPC-3 (SBAR-ADV Although (S (NP-SBJ-1 accountants) (VP are n't (VP noted (NP-2 *-1) (PP-CLR as `` (S-NOM (NP-SBJ *-2) (VP being (ADJP-PRD deeply emotional)))))))) , (NP-SBJ they) (ADVP really) (VP hold (NP (NP it) (NP all)) (PRT in))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Mr. Burton) , (NP (NP former chief accountant) (PP of (NP the Securities and Exchange Commission)))) .)) (TOP (S (NP-SBJ (NP J. Michael Cook) , (NP (NP chairman) (PP of (NP Deloitte , Haskins & Sells International))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP believes (S (NP-SBJ (NP the legal action) (PP by (NP the British firm))) `` (VP to (VP be (PP-PRD without (NP merit))))))))) . '')) (TOP (S (NP-SBJ Mr. Cook) (VP said (SBAR that (S (NP-TMP last June) , (NP-SBJ (NP the international executive committes) (PP of (NP Deloitte and Touche))) (VP agreed (PP-CLR to (NP a world-wide merger)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The merger) (VP is (VP proceeding (PP-MNR according (PP to (NP plan))) , (PP except (PP as (PP to (NP (NP the withdrawal) (PP of (NP the Deloitte U.K. firm))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Partners) (PP-LOC at (NP other accounting firms))) (VP say (SBAR that (S (NP-SBJ-1 (NP the Deloitte firm) (PP-LOC in (NP the U.K.))) (VP is (VP filing (NP the suit) (S-PRP (NP-SBJ *-1) (VP to (VP get (PRT even) (PP-CLR with (NP-2 the merged Deloitte-Touche firm)) (PP-CLR for (S-NOM (NP-SBJ *-2) (VP keeping (NP major auditing work) (PP-LOC-CLR in (NP England))))))))))))) .)) (TOP (S (NP-SBJ-2 (NP General Motors Corp.) , (NP a Deloitte audit client)) , (PP for (NP example)) , (VP has (VP agreed (S (NP-SBJ *-2) (VP to (VP keep (NP its (NX (NX annual (ADJP (QP $ 18 million) *U*) world-wide audit) and (NX associated tax work))) (PP-CLR with (NP (NP the merged Deloitte-Touche firm) , (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP known (NP *-1) (PP-CLR as (NP Deloitte & Touche)) (PP-LOC in (NP the U.S)))))))))))))) .)) (TOP (S (PP-LOC In (NP England)) , (NP-SBJ this) (VP would (VP mean (SBAR that (S (NP-SBJ the British Deloitte) (VP would (VP lose (NP (NP revenue) (PP for (NP (NP its audit) (PP of (NP (NP GM 's) Vauxhill unit))))))))))) .)) (TOP (S (NP-SBJ (NP The defection) (PP of (NP (NP (NP Deloitte 's) affiliates) (PP-LOC in (NP (NP Britain) and (NP the Netherlands))))) (PP to (NP Coopers & Lybrand))) (VP will (VP make (S (NP-SBJ-1 Coopers) (NP-PRD (NP one) (PP of (NP (NP the biggest accounting firms) (PP-LOC in (NP Europe))))) , (S-ADV (NP-SBJ *-1) (VP rivaling (NP KPMG Peat Marwick) (ADVP-LOC there)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 Coopers) (VP has n't (VP been (VP courted (NP *-1) (PP by (NP-LGS other major accounting firms)) (PP-CLR for (NP a merger))))))) , (NP-SBJ it) (VP is (VP benefiting (ADVP-MNR greatly) (PP-CLR from (NP (NP fallout) (PP from (NP the Deloitte-Touche merger)))))) .)) (TOP (S (PP-LOC In (NP New York)) , (S (NP-SBJ (NP Harris Amhowitz) , (NP (NP general counsel) (PP of (NP Coopers))) ,) (VP said (SBAR 0 (S (NP-SBJ Coopers) `` (VP was (ADJP-PRD aware (PP of (NP the litigation)))))))) , '' but (S (NP-SBJ he) (VP declined (NP further comment))) .)) (TOP (S (NP-SBJ-1 He) (ADVP also) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP (NP the name) (SBAR (WHNP-2 that) (S (NP-SBJ Coopers) (VP would (VP use (NP *T*-2) (PP-LOC in (NP England)) (SBAR-ADV if (S (NP-SBJ Deloitte UK) (VP won (NP (NP its litigation) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP keep (NP its name) (ADVP-MNR *T*-3))))))))))))))))))) .)) (TOP (S (NP-SBJ Coopers) (VP uses (NP the Coopers & Lybrand name) (ADVP-LOC world-wide)) .)) (TOP (S (NP-SBJ (NP William Bennett) , (NP the White House drug-policy director) ,) (VP accused (NP-1 (NP local officials) (PP-LOC in (NP the Washington area))) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP blocking (NP (NP construction) (PP of (NP (NP prison facilities) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP house (NP convicted drug dealers)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Politics) (VP has (ADVP essentially) (VP put (PRT up) (NP (NP a roadblock) '' (PP to (S-NOM (NP-SBJ *) (VP finding (NP (NP sites) (PP for (NP new federal prisons)))))))))) , (NP-SBJ Mr. Bennett) (VP said (SBAR 0 (S *T*-1)) (PP-LOC at (NP (NP a news conference) (VP called (NP *) (S-PRP (NP-SBJ *) (VP to (VP report (PP-CLR on (NP (NP his `` emergency assistance program '') (PP for (NP the capital))))))))))) .)) (TOP (S-2 (PP Without (NP (NP more space) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP incarcerate (NP convicted criminals) (ADVP-LOC *T*-1))))))) , (PRN (S (NP-SBJ he) (VP added (SBAR 0 (S *T*-2)))) ,) `` (NP-SBJ we) (VP will not (VP win (NP (NP the war) (PP on (NP drugs))))) . '')) (TOP (S (NP-SBJ Mr. Bennett) (VP declared (PP-TMP in (NP April)) (SBAR that (S (NP-SBJ he) (VP would (VP make (S (NP-SBJ Washington) (NP-PRD (NP a `` test case '') (PP for (SBAR (WHADVP-1 how) (S (NP-SBJ the Bush administration) (VP would (VP aid (NP (NP cities) (VP afflicted (NP *) (PP by (NP-LGS (NP heavy drug trafficking) and (NP violence))))) (ADVP-MNR *T*-1))))))))))))) .)) (TOP (S (NP-SBJ The drug czar) (VP claimed (SBAR that (S (NP-SBJ enforcement efforts) (VP are (VP working (ADVP-LOC here) , `` (ADVP albeit) (PP-MNR at (NP (NP a (ADJP (ADJP slower) and (ADJP more halting)) pace) (SBAR than (S (NP-SBJ we) (VP would (VP like (S *?*)))))))))))) . '')) (TOP (S (NP-SBJ He) (VP acknowledged , (ADVP however) , (SBAR that (S (NP-SBJ (NP Washington 's) `` drug-related murder rate) is (ADJP-PRD intolerably high)))) .)) (TOP (S (NP-SBJ The prisons) (VP are (ADJP-PRD too crowded)) .)) (TOP (S (NP-SBJ-2 Drugs) (VP continue (S (NP-SBJ-1 *-2) (VP to (VP be (VP sold (NP *-1) (ADVP-MNR openly) (PP-LOC around (NP schools , parks and housing projects))))))) . '')) (TOP (S (NP-SBJ-1 Mr. Bennett) (VP declined (S (NP-SBJ *-1) (VP to (VP name (NP (NP the area officials) (SBAR (WHNP-2 who) (S (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ *T*-2) (VP have (VP impeded (NP (NP plans) (PP for (S-NOM (NP-SBJ *) (VP building (NP more federal prisons) (S-PRP (NP-SBJ *) (VP to (VP ease (NP (NP Washington 's) problem)))))))))))))))))))) .)) (TOP (S But (NP-SBJ other Bush administration officials) (VP have (VP criticized (NP-1 Maryland Gov. William Schaefer) (PP-CLR for (S-NOM (NP-SBJ *-1) (VP blocking (NP (NP the use) (PP of (NP (NP possible sites) (PP-LOC in (NP that state)))))))))) .)) (TOP (S (NP-SBJ Administration officials) (ADVP also) (VP have (VP said (SBAR that (S (NP-SBJ Washington Mayor Marion Barry) (VP has (VP delayed (NP (NP consideration) (PP of (NP (NP sites) (PP-LOC in (NP the city))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a letter) (PP to (NP (NP Mr. Bennett 's) office)) , (VP released (NP *) (NP-TMP yesterday)) ,)) (NP-SBJ (NP (NP Washington 's) city administrator) , (NP Carol Thompson) ,) (VP complained (SBAR that (S (NP-SBJ the drug czar) (VP had (VP exaggerated (NP (NP the amount) (PP of (NP (NP federal drug-related assistance) (VP provided (NP *) (PP-DTV to (NP the capital))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Referring (PP-CLR to (NP (NP Mr. Bennett 's) claim (SBAR that (S (NP-SBJ the federal government) (VP would (VP provide (NP (NP (QP $ 97 million) *U*) (PP in (NP emergency federal support))))))))))) , (NP-SBJ-1 Ms. Thompson) (VP wrote , `` (S (NP-SBJ-2 Our analysis) (VP was (ADJP-PRD unable (S (NP-SBJ-3 *-2) (VP to (ADVP even) (VP come (ADVP-CLR close (PP to (S-NOM (NP-SBJ *-3) (VP documenting (NP that figure)))))))))) . '')))) (TOP (S (PP Of (NP (NP his successes) (PP-LOC in (NP Washington)))) , (NP-SBJ Mr. Bennett) (VP stressed (SBAR that (S (NP-SBJ existing federal prisons) (VP have (VP taken (NP (NP custody) (PP of (NP 375 local inmates)))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP noted (SBAR that (S (NP-SBJ the federal Drug Enforcement Administration) (VP has (VP established (NP (NP a federal-local task force) (ADJP responsible (PP-TMP since (NP April)) (PP for (NP (NP 106 arrests) and (NP (NP (QP more than $ 2 million) *U*) (PP in (NP (NP seizures) (PP of (NP (NP drug dealers ') assets)))))))))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ The Defense Department) (VP has (VP lent (NP the Washington U.S. attorney) (NP 10 prosecutors)))) , and (S (NP-SBJ (NP the Federal Bureau) (PP of (NP Investigation))) (VP has (VP provided (NP crime laboratory facilities and training))))) , (NP-SBJ he) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (FRAG (WHNP What) (SBAR-ADV if (S (NP-SBJ it) (VP happened (PP-CLR to (NP us))))) ?)) (TOP (S (PP-LOC In (NP (NP the wake) (PP of (NP (NP (NP the earthquake) (PP-LOC in (NP California))) and (NP (NP the devastation) (PP of (NP Hurricane Hugo))))))) , (NP-SBJ (NP many companies) (PP-LOC in (NP disaster-prone areas))) (VP are (VP pondering (NP (NP the question) (PP of (NP preparedness))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Some) , (PP-LOC (ADVP particularly) in (NP West Coast earthquake zones)) ,)) (VP are (VP dusting (PRT off) (NP their evacuation plans) , (S-ADV (NP-SBJ *-1) (VP (VP checking (NP food stocks)) and (VP reminding (NP employees) (PP-CLR of (SBAR-NOM (WHNP-2 what) (S (NP-SBJ *) (VP to (VP do (NP *T*-2) (SBAR-ADV if (S (NP-SBJ emergency) (VP strikes))))))))))))) .)) (TOP (S (NP-SBJ Others) (VP say (SBAR 0 (S (NP-SBJ they) (VP feel (ADJP-PRD confident (SBAR that (S (NP-SBJ (NP steps) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP 've (ADVP already) (VP taken (NP *T*-1)))))) (VP would (VP see (NP them) (PP-DIR through (NP a disaster))))))))))) .)) (TOP (S (NP-SBJ Preparedness) (VP involves (NP (NP more) (PP than (NP flashlights and fire alarms))) (NP-TMP these days)) .)) (TOP (S (NP-SBJ Some big companies) (VP have (S (NP-SBJ (NP teams) (PP of (NP in-house experts))) (VP focusing (PP-CLR on (NP safety and business resumption))))) .)) (TOP (S (NP-SBJ-1 (NP Many companies) (PP-LOC in (NP (NP the path) (PP of (NP potential disaster))))) (VP have (VP set (PRT up) (NP contingency offices) (PP-LOC in (NP safe regions)) , (S-ADV (NP-SBJ *-1) (VP hoping (SBAR 0 (S (NP-SBJ they) (VP can (VP (VP transport (NP employees) (ADVP-DIR there)) and (VP resume (NP operations) (ADVP-MNR quickly)))))))))) .)) (TOP (S (NP-SBJ That) (VP means (S (NP-SBJ *) (VP making (ADJP sure (SBAR that (S (NP-SBJ (NP copies) (PP of (NP vital computer software and company records))) (VP are (PP-LOC-PRD out (PP of (NP (NP harm 's) way)))))))))) .)) (TOP (S (NP-SBJ (NP Some businesses) (PRN -- (PP like (NP Disneyland)) --)) (VP claim (SBAR that (S (SBAR-ADV even if (S (NP-SBJ they) (VP became (ADJP-PRD isolated) (PP-LOC in (NP a crisis))))) , (NP-SBJ-1 they) (VP would (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP (VP feed (NP *RNR*-2)) and (VP care (PP for (NP *RNR*-2))) (NP-2 their people) (PP-TMP for (ADVP (ADVP as long) (PP as (NP five days))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 Self-sufficiency) (VP has (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP the cornerstone) (PP of (NP your plan)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Stephanie Masaki-Schatz) , (NP (NP manager) (PP of (NP corporate emergency planning)) (PP-LOC at (NP (NP Atlantic Richfield Co.) (PP-LOC in (NP Los Angeles)))))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ you) (VP do n't (VP save (NP your critical people))))) , (NP-SBJ-1 you) (VP wo n't (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP bring (PRT up) (NP your vital business functions))))))) . '')) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 (NP (NP ARCO 's) head office) , (PP-LOC (NP-ADV (QP more than 300) miles) from (NP the epicenter)) ,) (VP was n't (VP affected (NP *-1) (PP by (NP-LGS (NP this week 's) tremors)))))) , (NP-SBJ-2 Ms. Masaki-Schatz) (VP used (NP the occasion) (S-CLR (NP-SBJ *-2) (VP to (VP distribute (NP (NP a three-page memo) (PP of (NP `` Earthquake Tips ''))) (PP-CLR to (NP 1,200 ARCO employees)))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ-1 You) (VP need (S (NP-SBJ *-1) (VP to (VP capitalize (PP-CLR on (NP these moments)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ you) (VP have (NP (NP everyone 's) attention) (ADVP-TMP *T*-2))))))))) , '' (NP-SBJ she) (VP says (S *T*-3)) .)) (TOP (S `` (NP-SBJ It) (VP was (NP-PRD a good reminder (SBAR that (S (NP-SBJ-1 (NP we) (NP all)) (VP need (S (NP-SBJ *-1) (VP to (VP prepare (ADVP-TMP prior (PP to (NP an event))))))))))) . '')) (TOP (S (NP-SBJ The ARCO memo) (VP urges (NP-2 employees) (S (NP-SBJ *-2) (VP to (VP keep (NP (NP certain supplies) (PP *ICH*-1)) (PP-LOC-CLR at (NP work)) , (PP-1 such as (NP (NP solid shoes) and `` (NP (NP heavy gloves) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP clear (NP debris) (ADVP-MNR *T*-3)))))))))))) . '')) (TOP (S (NP-SBJ It) (ADVP also) (VP recommends (SBAR that (S (NP-SBJ employees) (VP be (ADJP-PRD aware (PP of (NP (NP everyday office items) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP could (VP be (VP used (NP *-1) (PP-CLR for (NP emergency care or shelter)))))))))))))) .)) (TOP (FRAG (PP-LOC Among (NP the suggestions)) : (S (NP-SBJ-1 (NP Pantyhose) and (NP (NP men 's) ties)) (VP could (VP be (VP used (NP *-1) (PP-CLR for (NP slings)) , (SBAR-ADV while (S (NP-SBJ removable wooden shelves) (VP might (VP aid (PP-CLR in `` (S-NOM (NP-SBJ *) (VP breaking (PP-DIR through (NP office walls))))))))))))) . '')) (TOP (S (NP-SBJ ARCO) (VP maintains (NP (NP an office) (PP-LOC in (NP Dallas)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP take (PRT over) (SBAR-ADV if (S (NP-SBJ-1 (NP payroll operations) (PP-LOC in (NP Pasadena))) (VP were (VP disrupted (NP *-1))))))))))) .)) (TOP (S (ADVP-TMP (NP Two months) ago) (NP-SBJ the company) (VP set (PRT up) (NP (NP a toll-free number) , (VP based (NP *) (PP-LOC-CLR outside (NP California))) , (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP handle (NP (NP queries) (PP from (NP employees)) (PP about (SBAR (WHADVP-2 when) (S (NP-SBJ they) (VP should (VP report (ADVP-CLR back (PP to (NP work))) (PP-TMP after (NP an (NX (NX earthquake) or (NX other disaster)))) (ADVP-TMP *T*-2))))))))))))) .)) (TOP (S (NP-SBJ The ARCO plan) (VP takes (PP-CLR into (NP account)) (NP (NP such details) (PP as (SBAR-NOM (WHNP-1 (WHNP which aspects) (PP of (NP business))) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD busier) (PP-TMP at (NP (NP certain times) (PP of (NP the year)))))))))) .)) (TOP (S (NP-MNR This way) , (S (NP-SBJ *) (VP depending (PP-CLR on (SBAR (WHADVP-4 when) (S (NP-SBJ a quake) (VP might (VP strike (ADVP-TMP *T*-4)))))))) , (NP-SBJ-1 priorities) (VP can (VP be (VP assigned (NP *-1) (PP-CLR to (NP (NP departments) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP should (VP be (VP brought (NP *-2) (ADVP-CLR back) (PP-CLR on (NP line)) (ADVP-TMP first))))))))))) .)) (TOP (S (PP-LOC At (NP Hewlett-Packard Co.)) , (NP-SBJ the earthquake) (VP came (SBAR-TMP just as (S (NP-SBJ the company) (VP was (VP reviewing (NP its own emergency procedures)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 We) (VP were (VP talking (PP-CLR about (S-NOM (NP-SBJ *-2) (VP scheduling (NP a practice drill) (PP-CLR for (NP-TMP November)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Joan Tharp) , (NP a spokeswoman)) .)) (TOP (S `` (ADVP Then) (NP-SBJ we) (VP had (NP a real one) (PP-TMP in (NP the afternoon))) . '')) (TOP (S (NP-SBJ-1 The (NAC-LOC Palo Alto , Calif. ,) computer maker) (VP scrambled (S (NP-SBJ *-1) (VP to (VP set (PRT up) (NP (NP a special phone line) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP tell (NP-3 manufacturing and support staff) (S (NP-SBJ *-3) (VP to (VP stay (ADVP-LOC-CLR home) (NP-TMP Wednesday))))))))))))) .)) (TOP (S (NP-SBJ-2 Sales and service employees) (VP were (VP asked (NP-3 *-2) (S (NP-SBJ-4 *-3) (VP to (VP report (PP-DIR to (NP work)) (S-PRP (NP-SBJ *-4) (VP to (VP help (NP (NP Bay area clients) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP called (PP with (NP computer problems)))))))))))))) .)) (TOP (S (NP-SBJ Hewlett-Packard) (ADVP also) (VP called (PRT in) (NP-1 its systems experts) (S (NP-SBJ *-1) (VP to (VP restore (NP its own computer operations))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ That) (VP means (SBAR 0 (S (NP-SBJ-2 we) (VP can (VP (VP accept (NP orders)) '' and (VP begin (S (NP-SBJ *-2) (VP getting (ADVP-CLR back) (PP-CLR to (ADJP normal))))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ Ms. Tharp) .)) (TOP (S (S-ADV (NP-SBJ-1 *) (VP Prompted (NP *-1) (PP by (NP-LGS (NP an earlier California earthquake) , (CONJP as well as) (NP (NP a fire) (PP-LOC in (NP a Los Angeles office tower))))) ,)) (NP-SBJ-2 Great Western Bank) (PP-TMP in (NP the past year)) (VP (VP hired (NP three emergency planners)) and (VP spent (NP $ 75,000 *U*) (S-CLR (NP-SBJ *-2) (VP equipping (NP-3 a trailer) (PP-CLR with (NP communications gear)) (S-PRP-CLR (NP-SBJ *-3) (VP to (VP serve (PP as (NP an emergency headquarters))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP officials) (PP of (NP (NP the savings and loan) , (NP (NP a unit) (PP of (NP Great Western Financial Corp.))) ,))) (VP used (NP (NP some) (PP of (NP their new plans and equipment))) (PP-TMP during (NP (NP this week 's) quake))))) , (NP-SBJ-3 they) (ADVP still) (VP lost (NP-CLR touch) (PP-TMP for (NP (QP more than 24) hours)) (PP-CLR with (NP (NP 15 branches) (PP-LOC in (NP the affected areas)))) , (S-ADV (NP-SBJ *-3) not (VP knowing (SBAR if (S (S (NP-SBJ-1 employees) (VP were (VP injured (NP *-1)))) or (S (NP-SBJ-2 vaults) (VP were (VP broken (NP-4 *-2) (S-CLR (NP-SBJ *-4) (ADJP-PRD open)))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Some people) (ADVP flat out) (VP did n't (VP know (SBAR (WHNP-1 what) (S (NP-SBJ *) (VP to (VP do (NP *T*-1)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Robert G. Lee) , (NP (NP vice president) (PP for (NP (NP emergency planning) and (NP corporate security))) (PP-LOC at (NP Great Western)))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ it) (VP turned (PRT out)))) , (S (NP-SBJ-1 bank employees) (VP were n't (VP hurt (NP *-1)))) and (S (NP-SBJ the vaults) (VP withstood (NP the jolts))) .)) (TOP (SINV (ADVP Still) , (VP says (S *ICH*-2)) (NP-SBJ Mr. Lee) : `` (S-2 (NP-SBJ-3 We) (VP need (S (NP-SBJ *-3) (VP to (VP educate (NP people) (SBAR that (S (NP-SBJ-4 they) (VP need (S (NP-SBJ-5 *-4) (VP to (VP get (PP-DIR to (NP a phone)) (ADVP-MNR (ADVP somehow) , (NP-ADV some way) ,) (S-PRP (NP-SBJ *-5) (VP to (VP let (S (NP-SBJ someone) (VP know (SBAR (WHNP-1 what) (S (NP-SBJ their status) (VP is (NP-PRD *T*-1)))))))))))))))))))) . '')) (TOP (S (NP-SBJ Some companies) (VP are (ADJP-PRD confident (SBAR that (S (NP-SBJ they) (VP 're (ADJP-PRD prepared)))))) .)) (TOP (S (NP-SBJ Occidental Petroleum Corp.) (VP (VP holds (NP regular evacuation drills)) and (VP stocks (NP (NP food) , (NP oxygen) and (NP non-prescription drugs)) (PP-LOC-CLR at (NP (NP checkpoints) (PP-LOC in (NP its 16-story headquarters)))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP (VP maintains (NP rechargeable flashlights) (PP-LOC-CLR in (NP offices))) and (VP changes (NP (NP its standby supply) (PP of (NP drinking water))) (NP-TMP every three months))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP feel (SBAR 0 (S (NP-SBJ we) (VP are (VP doing (NP (NP everything) (SBAR (WHNP-2 0) (S (NP-SBJ we) (VP can (VP *?* (NP *T*-2)))))))))))) , '' (NP-SBJ an Occidental spokesman) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP (NP Walt Disney Co. 's) Disneyland) (PP-LOC in (NP (NP Anaheim) , (NP Calif.) ,))) (VP stocks (NP (NP rescue equipment) , (NP medical supplies) , and (NP (NP enough food and water) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP feed (NP (QP at least 10,000) visitors) (PP-TMP for (ADVP (ADVP as long) (PP as (NP five days)))) (PP-LOC in (NP the event (SBAR that (S (NP-SBJ a calamity) (VP isolates (NP the theme park))))))))))))) .)) (TOP (S (NP-SBJ The park) (ADVP also) (VP has (NP (NP emergency centers) (SBAR (WHADVP-1 where) (S (NP-SBJ-2 specially trained employees) (VP would (VP go (ADVP-DIR *T*-1) (S-PRP-CLR (NP-SBJ-3 *-2) (VP to (VP coordinate (NP evacuation and rescue plans) (S-ADV (NP-SBJ *-3) (VP using (NP (NP walkie-talkies) , (NP cellular phones) , and (NP a public-address system))))))))))))) .)) (TOP (S (NP-SBJ The centers) (VP are (ADJP-PRD complete (PP with (NP (NP maps) (VP detailing (NP (NP (NP utility lines) (PP-LOC beneath (NP rides))) and (NP `` (NP safe havens) '' (SBAR (WHADVP-2 where) (S (NP-SBJ-1 people) (VP can (VP be (VP assembled (NP *-1) (ADVP-LOC away (PP from (NP major structures))) (ADVP-LOC *T*-2))))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP Vista Chemical Co.) , (PP with (NP (NP three chemical plants) (PP-LOC in and near (NP (NP Lake Charles) , (NP La.))))) ,) `` (VP prepares (PP-CLR for (NP (NP every hurricane) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP enters (NP (NP the Gulf) (PP of (NP Mexico)))))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Keith L. Fogg) , (NP a company safety director)) .)) (TOP (S (NP-SBJ (NP Hurricane Hugo) , (NP an Atlantic storm) ,) (VP did n't (VP affect (NP Vista))) .)) (TOP (S (S But (NP-SBJ-1 two other major storms) (VP have (VP threatened (NP operations) (ADVP-TMP-2 so far) (NP-TMP-3 this year)))) , (S (ADVP-TMP=2 most recently) (NP-SBJ=1 Hurricane Jerry) (NP-TMP=3 this week)) .)) (TOP (S (S (SBAR-PRP Because (S (NP-SBJ hurricanes) (VP can (VP change (NP course) (ADVP-MNR rapidly))))) , (NP-SBJ the company) (VP (VP sends (NP employees) (ADVP-DIR home)) and (VP shuts (PRT down) (NP operations) (PP-MNR in (NP stages))))) -- (X (SBAR-ADV (X the closer) (S (NP-SBJ a storm) (VP gets (ADVP-DIR *?*)))) , (X the (ADJP more complete)) (NP-SBJ the shutdown)) .)) (TOP (S (NP-SBJ-1 The company) (VP does n't (VP wait (PP-TMP until (NP the final hours)) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP get (ADJP-PRD ready (PP for (NP hurricanes)))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ There) (VP are (ADVP just) (NP-PRD (NP tons) (PP of (NP (NP things) (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP have (S (NP-SBJ-1 *-4) (VP to (VP be (VP considered (NP *-1))))))))))))) , '' (NP-SBJ Mr. Fogg) (VP says (S *T*-3)) .)) (TOP (S `` (NP-SBJ Empty tank cars) (VP will (VP float (ADVP-DIR away) (PP on (NP you)) (SBAR-ADV if (S (NP-SBJ you) (VP get (NP a big tidal surge)))))) . '')) (TOP (S (ADVP Still) , (NP-SBJ Vista officials) (VP realize (SBAR 0 (S (NP-SBJ they) (VP 're (ADJP-PRD relatively fortunate))))) .)) (TOP (S `` (PP With (NP a hurricane)) (NP-SBJ you) (VP know (SBAR 0 (S (NP-SBJ it) (VP 's (VP coming))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ You) (VP have (NP (NP time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP put (NP precautionary mechanisms) (PP-PUT in (NP place)) (ADVP-TMP *T*-1)))))))) , '' (VP notes (S *T*-2)) (NP-SBJ a Vista spokeswoman) .)) (TOP (S `` (NP-SBJ (NP A situation) (PP like (NP San Francisco))) (VP is (ADJP-PRD so frightening) (SBAR-PRP because (S (NP-SBJ there) (VP 's (NP-PRD no warning))))) .)) (TOP (S (NP-SBJ-1 (NP Former Democratic fund-raiser Thomas M. Gaubert) , (SBAR (WHNP-3 whose savings and loan) (S (NP-SBJ-2 *T*-3) (VP was (VP wrested (NP *-2) (PP-CLR from (NP his control)) (PP by (NP-LGS federal thrift regulators)))))) ,) (VP has (VP been (VP granted (NP *-1) (NP court permission (S (NP-SBJ *) (VP to (VP sue (NP the regulators)))))))) .)) (TOP (S (PP-LOC In (NP (NP a ruling) (PP by (NP (NP the Fifth U.S. Circuit Court) (PP of (NP Appeals)) (PP in (NP New Orleans)))))) , (NP-SBJ Mr. Gaubert) (VP received (NP the go-ahead (S (NP-SBJ *) (VP to (VP pursue (NP (NP a claim) (PP against (NP (NP the Federal Home Loan Bank Board) and (NP (NP the Federal Home Loan Bank) (PP of (NP Dallas))))) (PP for (NP (NP losses) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP suffered (NP *T*-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the Bank Board) (VP closed (NP (NP the Independent American Savings Association) (PP of (NP (NP Irving) , (NP Texas)))) (ADVP-TMP *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Gaubert) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP chairman) and (NP (NP the majority stockholder) (PP of (NP Independent American))))))) ,) (VP had (VP relinquished (NP his control) (PP in (NP (NP exchange) (PP for (NP (NP federal regulators ') agreement (S (NP-SBJ *) (VP to (VP drop (NP (NP their inquiry) (PP into (NP (NP his activities) (PP-LOC at (NP another savings and loan)))))))))))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP the agreement)))) , (NP-SBJ Mr. Gaubert) (VP contributed (NP (NP real estate) (VP valued (NP *) (PP-CLR at (NP (QP $ 25 million) *U*)))) (PP-CLR to (NP (NP the assets) (PP of (NP Independent American))))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ *-1) (PP-PRD under (NP (NP the control) (PP of (NP federal regulators)))))) , (NP-SBJ-1 (NP Independent American 's) net worth) (VP dropped (PP-DIR from (NP (QP $ 75 million) *U*)) (PP-DIR to (NP (QP a negative $ 400 million) *U*)) , (S-ADV (NP-SBJ *) (VP wiping (PRT out) (NP (NP (NP the value) (PP of (NP (NP Mr. Gaubert 's) real estate contribution))) and (NP (NP his stock) (PP-LOC in (NP the institution))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Gaubert 's) suit (S (NP-SBJ *) (VP to (VP recover (NP his damages))))) (VP was (VP dismissed (NP *-1) (NP-TMP last year) (PP by (NP-LGS (NP U.S. District Judge Robert Maloney) (PP of (NP Dallas)))) (PP-LOC under (NP (NP the Federal Tort Claims Act) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP offers (NP (NP broad protection) (PP for (NP (NP actions) (PP by (NP federal agencies and employees)))))))))))) .)) (TOP (S (NP-TMP Earlier this week) , (NP-SBJ a Fifth Circuit appellate panel) (VP (VP upheld (NP (NP (NP Judge Maloney 's) dismissal) (PP of (NP (NP (NP Mr. Gaubert 's) claim) (PP as (NP a shareholder)))))) but (VP said (SBAR 0 (S (NP-SBJ the judge) (VP should (VP reconsider (NP (NP (NP Mr. Gaubert 's) claim) (PP for (NP (NP the loss) (PP of (NP his property))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP may (VP depend (PP-CLR on (SBAR whether (S (NP-SBJ there) (VP was (NP-PRD an (ADJP express or implied) promise ... (SBAR that (S (NP-SBJ the federal officials) (VP would not (ADVP-MNR negligently) (VP cause (NP (NP the deterioration) '' (PP of (NP Independent American))))))))))))))) , (NP-SBJ the court) (VP wrote (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Gaubert 's) lawyer) , (NP (NP Abbe David Lowell) (PP of (NP (NP Washington) , (NP D.C.)))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP the impact) (PP of (NP the ruling)) (PP on (NP (NP other cases) (VP involving (NP thrift takeovers))))) (VP will (VP depend (PP-CLR on (NP (NP the degree) (PP of (NP (NP similarity) (PP-LOC in (NP the facts))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP do n't (VP know (SBAR if (S (NP-SBJ this) (VP will (VP affect (NP (NP one institution) or (NP (QP a hundred)))))))))) , '' (NP-SBJ Mr. Lowell) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ It) (VP does (VP establish (NP (NP a very clear precedent) (PP for (S-NOM (NP-SBJ *) (VP suing (NP the FHLBB))))) (SBAR-LOC (WHADVP-1 where) (S (NP-SBJ there) (VP was (NP-PRD none) (ADVP-TMP before) (ADVP-LOC *T*-1)))))) . '')) (TOP (S-HLN (NP-SBJ MAITRE'D) (VP CLAIMS (PP-LOC in (NP suit)) (SBAR that (S (NP-SBJ restaurant) (VP fired (NP her) (SBAR-PRP because (S (NP-SBJ she) (VP was (ADJP-PRD pregnant)))))))) .)) (TOP (S (PP-LOC In (NP (NP a suit) (VP filed (NP *) (PP-LOC-CLR in (NP (NP state court) (PP-LOC in (NP Manhattan))))))) , (NP-SBJ the American Civil Liberties Union) (VP is (VP representing (NP (NP the former maitre 'd) (PP of (NP the chic Odeon restaurant))))) .)) (TOP (S (NP-SBJ (NP The suit) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP seeks (NP (NP (ADJP compensatory and punitive) damages) (PP of (NP (QP $ 1 million) *U*)))))) ,) (VP alleges (SBAR that (S (NP-SBJ (NP the firing) (PP of (NP Marcia Trees Levine))) (VP violated (NP (NP New York state 's) human-rights law))))) .)) (TOP (S (PP Among (NP other things)) , (NP-SBJ the law) (VP prohibits (NP (NP discrimination) (PP on (NP (NP the basis) (PP of (NP sex and pregnancy)))))) .)) (TOP (S (NP-SBJ The suit) (VP alleges (SBAR that (S (NP-SBJ-1 Ms. Levine) (VP was (VP fired (NP *-1) (SBAR-TMP after (S (NP-SBJ-2 she) (VP refused (S (NP-SBJ-3 *-2) (VP to (VP accept (NP a (ADJP lower paying) , (ADJP less visible) job) (PP-TMP upon (S-NOM (NP-SBJ *-3) (VP reaching (NP (NP her sixth month) (PP of (NP pregnancy))))))))))))))))) .)) (TOP (S (S (NP-SBJ Ms. Levine) (VP told (NP her employer) (SBAR that (S (NP-SBJ she) (VP was (ADJP-PRD pregnant)))) (PP-TMP in (NP February)))) ; (S-2 (ADVP-TMP (NP a month) later) (PRN , (S (NP-SBJ the suit) (VP says (SBAR 0 (S *T*-2)))) ,) (NP-SBJ the restaurant manager) (VP told (NP Ms. Levine) (SBAR that (S (NP-SBJ-1 she) (VP would (VP be (VP demoted (NP *-1) (PP-CLR to (NP his assistant)) (SBAR-PRP because (S (NP-SBJ he) (VP felt (SBAR 0 (S (NP-SBJ customers) (VP would (VP be (ADJP-PRD uncomfortable (PP with (NP a pregnant maitre 'd))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Kary Moss) , (NP (NP an attorney) (PP with (NP (NP the ACLU 's) (NP Women 's) Rights Project))) ,) (VP said , `` (S (S (NP-SBJ They) (VP wanted (NP a svelte-looking woman))) , and (S (NP-SBJ a pregnant woman) (VP is not (ADJP-PRD svelte))))) .)) (TOP (S (NP-SBJ They) (VP told (NP her) , ` (S (S (NP-SBJ We) (VP do n't (VP hire (NP fat people)))) and (S (NP-SBJ we) (VP do n't (VP hire (NP cripples)))))) .)) (TOP (S And (NP-SBJ pregnant women) (VP are (ADJP-PRD fat)) . ' '')) (TOP (S (NP-SBJ Ms. Moss) (VP said (SBAR 0 (S (NP-SBJ Ms. Levine) (ADVP-MNR secretly) (VP taped (NP (NP many conversations) (PP with (NP (NP her bosses) (PP-LOC at (NP the Odeon)))) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ they) (VP told (NP her) (SBAR 0 (S (NP-SBJ she) (VP was (VP being (VP fired (PP-CLR as (NP maitre 'd)) (SBAR-PRP because (S (NP-SBJ she) (VP was (ADJP-PRD pregnant))))))))) (PP-LOC *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP Paul H. Aloe) , (NP (NP an attorney) (PP for (NP Odeon owner Keith McNally))) ,) (VP denied (NP the allegations)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 Ms. Levine) (VP had (ADVP-TMP never) (VP been (VP fired (NP *-1) , (SBAR-ADV although (S (NP-SBJ-2 she) (VP had (VP stopped (S (NP-SBJ *-2) (VP working (PP-LOC at (NP the restaurant)))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ The Odeon) (VP made (NP a written offer (S *ICH*-1)) (PP-DTV to (NP Marcia Levine)) (PP-TMP on (NP July 10)) (S-1 (NP-SBJ *) (VP to (VP return (PP-DIR to (NP work)) (PP-MNR as (NP the maitre 'd)) , (PP-MNR (PP at (NP the (NX (NX same pay) , (NX same hours)))) and (PP with (NP (NP back pay) (VP accrued (NP *)))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ Mr. Aloe) (VP said (SBAR 0 (S (NP-SBJ the Odeon) `` (VP has (NP (NP no policy) (PP against (S-NOM (NP-SBJ *) (VP hiring (NP pregnant people))))))))) . '')) (TOP (S-HLN (NP-SBJ (NP LAWYERS) (PP-LOC IN (NP (NP Texas 's) biggest bank-fraud case))) (VP want (ADVP-LOC-CLR out) (PP in (NP (NP face) (PP of (NP retrial))))) .)) (TOP (S (NP-SBJ (NP Lawyers) (VP representing (NP (NP five) (PP of (NP (NP the seven defendants) (PP-LOC in (NP the case))))))) (VP say (SBAR 0 (S (NP-SBJ their clients) (VP can (ADVP-TMP no longer) (VP afford (NP their services)))))) .)) (TOP (S (NP-SBJ (NP The trial) (PP of (NP the case))) (VP (VP lasted (NP-TMP-CLR seven months)) and (VP ended (PP-TMP in (NP September)) (PP-MNR with (NP a hung jury)))) .)) (TOP (S (NP-SBJ-1 The defendants) (VP were (VP indicted (NP *-1) (ADVP-TMP (NP two years) ago) (PP-CLR on (NP charges (SBAR that (S (NP-SBJ-2 they) (VP conspired (S (NP-SBJ *-2) (VP to (VP defraud (NP five thrifts) (PP-CLR of (NP (QP more than $ 130 million) *U*)) (PP-MNR through (NP a complicated scheme (S (NP-SBJ *) (VP to (VP inflate (NP (NP the price) (PP of (NP (NP land and condominium construction) (PP-LOC along (NP (NP Interstate 30) , (ADVP-LOC east (PP of (NP Dallas))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The defense lawyers) , (SBAR (WHNP-1 (WHNP three) (WHPP of (WHNP whom))) (S (NP-SBJ *T*-1) (VP are (NP-PRD solo practitioners)))) ,) (VP say (SBAR 0 (S (NP-SBJ-2 they) (VP ca n't (VP afford (S (NP-SBJ *-2) (VP to (VP put (NP their law practices) (PP-PUT on (NP hold)) (PP-TMP for (NP another seven-month trial)))))))))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP the lawyers))) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP would (VP continue (S (NP-SBJ *-1) (VP to (VP represent (NP their clients)))) (SBAR-ADV if (S (NP-SBJ the government) (VP pays (NP their tab) (PP-MNR as (NP court-appointed lawyers)))))))))) .)) (TOP (S (NP-SBJ (NP Assistant U.S. Attorney Terry Hart) (PP of (NP Dallas))) (VP says (SBAR 0 (S (NP-SBJ the government) (VP will (VP oppose (NP any efforts (S (NP-SBJ *) (VP to (VP bring (PRT in) (NP a new defense team))))) (SBAR-PRP because (S (NP-SBJ it) (VP would (VP delay (NP a retrial)))))))))) .)) (TOP (S-HLN (NP-SBJ-1 (NP FEDERAL JUDGE ALCEE HASTINGS) (PP of (NP Florida))) , (S-ADV (NP-SBJ *-1) (VP facing (NP impeachment))) , (VP received (NP an unanticipated boost) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ (NP Sen. Arlen Specter) (PRN -LRB- (NP (NP R.) , (NP-LOC Pa .)) -RRB-)) (VP urged (NP (NP acquittal) (PP of (NP the judge))) (PP-LOC in (NP (NP a brief) (VP circulated (NP *) (PP-CLR to (NP his Senate colleagues)) (PP-TMP during (NP closed-door deliberations)))))) .)) (TOP (S (PP Among (NP other things)) , (NP-SBJ the brief) (VP cited (NP insufficient evidence)) .)) (TOP (S (NP-SBJ Sen. Specter) (VP was (NP-PRD (NP vice chairman) (PP of (NP (NP the impeachment trial committee) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP heard (NP evidence) (PP-LOC in (NP the Hastings case)) (NP-TMP last summer)))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD A (NX (NX former prosecutor) and (NX (NX member) (PP of (NP the Senate Judiciary Committee)))))) , (NP-SBJ-1 Sen. Specter) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP exercise (NP influence) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the Senate) (VP votes (PP-CLR on (NP the impeachment)) (NP-TMP today) (ADVP-TMP *T*-2))))))))) .)) (TOP (NP-HLN RICHMOND RESIGNATIONS :)) (TOP (S (NP-SBJ (NP Six partners) (PP-LOC in (NP (NP the (NAC-LOC Richmond , Va. ,) firm) (PP of (NP Browder , Russell , Morris & Butcher))))) (VP announced (SBAR 0 (S (NP-SBJ they) (VP are (VP resigning))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Five) (PP of (NP the partners))) -- (NP (NP James W. Morris) , (NP Philip B. Morris) , (NP Robert M. White) , (NP Ann Adams Webster) and (NP Jacqueline G. Epps)) --) (VP are (VP opening (NP a boutique) (PP-LOC in (NP Richmond)) (S-PRP (NP-SBJ *-1) (VP to (VP concentrate (PP-CLR on (NP corporate defense litigation)) , (PP-LOC (ADVP particularly) in (NP product liability cases))))))) .)) (TOP (S (NP-SBJ (NP The sixth partner) , (NP John H. OBrion , Jr.) ,) (VP is (VP joining (NP (NP Cowan & Owen) , (NP (NP a smaller firm) (PP-LOC outside (NP Richmond)))))) .)) (TOP (NP-HLN LAW FIRM NOTES :)) (TOP (S (NP-SBJ (NP Nixon , Hargrave , Devans & Doyle) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Rochester) , (NP N.Y.)))) ,) (VP has (VP opened (NP (NP an office) (PP-LOC in (NP (NP Buffalo) , (NP N.Y)))))) ... .)) (TOP (S (NP-SBJ (NP Mayer , Brown & Platt) , (NP-LOC Chicago) ,) (VP added (NP (NP two partners) (NP *ICH*-1)) (PP-CLR to (NP its Houston office)) , (NP-1 (NP Eddy J. Roger Jr.) , and (NP Jeff C. Dodd))) ... .)) (TOP (S (NP-SBJ (NP Copyright specialist Neil Boorstyn) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP writes (NP the monthly Copyright Law Journal newsletter)))) ,) (VP is (VP joining (NP McCutchen , Doyle , Brown & Enersen))) .)) (TOP (S (NP-SBJ (NP New York Times Co. 's) third-quarter earnings report) (VP is (VP reinforcing (NP (NP analysts ') belief (SBAR that (S (NP-SBJ newspaper publishers) (VP will (VP be (VP facing (NP continued poor earnings comparisons) (PP-TMP through (NP 1990)))))))))) .)) (TOP (S (NP-SBJ-1 The publisher) (VP was (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP register (NP soaring quarter net income) (PP-PRP because of (NP (NP a onetime gain) (PP on (NP (NP the sale) (PP of (NP its cable-TV system))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ operating profit) (VP fell (NP-EXT 35 %) (PP-DIR to (NP (QP $ 16.4 million) *U*))) .)) (TOP (S (NP-SBJ The decline) (VP reflected (NP (NP (NP the expense) (PP of (S-NOM (NP-SBJ *) (VP buying (NP three magazines))))) , (NP (NP lower earnings) (PP from (NP the forest-products group))) , and (NP (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 *T*-1) (VP is (VP proving (S (NP-SBJ *-2) (VP to (VP be (NP-PRD a nagging major problem)))))))) , (NP (NP continued declines) (PP-LOC in (NP (NP advertising linage) (PP-LOC at (NP (NP the New York Times) , (NP (NP the company 's) flagship daily newspaper))))))))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the American Stock Exchange)))) , (NP-SBJ New York Times) (VP closed (PP-CLR at (NP (NP $ 28.125 *U*) (NP-ADV a share))) , (ADVP down (NP 37.5 cents))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ (NP the company 's) troubles) (VP mirror (NP (NP those) (PP of (NP the industry))))))) .)) (TOP (S (NP-SBJ (NP Retail advertising) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP often) (VP represents (NP (NP half) (PP of (NP (NP the advertising volume) (PP-LOC at (NP most daily newspapers)))))))) ,) (ADVP largely) (VP is n't (VP rebounding (PP-TMP in (NP the second half)) (PP-DIR from (NP extended doldrums)) (SBAR-ADV as (S (NP-SBJ *) (VP expected))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 newspapers) (VP are (VP bedeviled (NP *-1) (PP by (NP-LGS lagging national advertising)) , (PP-LOC (ADVP especially) in (NP its financial component)))) .)) (TOP (S (NP-SBJ Dow Jones & Co.) (ADVP-TMP recently) (VP reported (SBAR 0 (S (NP-SBJ net) (VP (VP fell (NP-EXT 9.9 %)) , (NP (NP a reflection) (PRN , (PP in (NP part)) ,) (PP of (NP (NP continued softness) (PP-LOC in (NP financial advertising)) (PP-LOC at (NP (NP The Wall Street Journal) and (NP (NP Barron 's) magazine)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP expect (S (NP-SBJ next year) (VP to (VP be (NP-PRD a fairly soft year) (PP-LOC in (NP newspaper-industry advertising))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP John Morton) , (NP (NP an analyst) (PP for (NP Lynch , Jones & Ryan)))) .)) (TOP (S `` (S (NP-TMP Next year) , (NP-SBJ-1 earnings) (VP will (VP hold (S-CLR (NP-SBJ *-1) (ADJP-PRD steady))))) , but (S (NP-SBJ we) (ADVP just) (VP do n't (VP see (NP (NP a big turnaround) (PP-LOC in (NP (NP the trend) (PP-LOC in (NP advertising)))))))) . '')) (TOP (S (NP-SBJ (NP John S. Reidy) , (NP (NP an analyst) (PP for (NP Drexel Burnham Lambert Inc.))) ,) (VP said , `` (S (S (NP-SBJ The Times) (VP faces (NP (NP the same problem) (PP of (NP other publishers))))) : (S (NP-SBJ linage) (VP is (ADVP-PRD down))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-2)) (VP will (VP be (ADJP-PRD hard) (S-2 (NP-SBJ *) (VP to (VP do (NP handstands)))) (SBAR-TMP until (S (NP-SBJ-1 real linage) (VP starts (S (NP-SBJ *-1) (VP heading (ADVP-DIR back up)))))))) . '')) (TOP (S (PP-LOC In (NP the quarterly report)) , (NP-SBJ (NP Arthur Ochs Sulzberger) , (NP New York Times Co. (NX (NX chairman) and (NX chief executive officer))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP negative factors) (VP affecting (NP third-quarter earnings))) (VP will (VP continue))))) .)) (TOP (S (NP-SBJ Analysts) (VP agreed (PP-CLR with (NP company expectations)) (SBAR that (S (NP-SBJ operating profit) (VP will (VP be (ADVP-PRD down) (UCP-TMP (NP this year) and (PP in (NP 1990)))))))) .)) (TOP (S (NP-SBJ Mr. Sulzberger) (VP said (SBAR 0 (S (NP-SBJ (NP the scheduled opening) (PP of (NP (NP a new color-printing plant) (PP-LOC in (NP (NP Edison) , (NP N.J.) ,)))) (PP-TMP in (NP 1990))) (VP would (VP involve (NP heavy startup and depreciation costs)))))) .)) (TOP (SINV `` (S-TPC-1 (PP With (S-NOM (NP-SBJ the Edison plant) (VP coming (PP-CLR on (NP line)) (NP-TMP next summer)))) , (NP-SBJ the Times) (VP is (VP facing (NP (NP some tough earnings comparison) (PP-TMP in (NP the future)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Peter Appert) , (NP (NP an analyst) (PP with (NP C.J. Lawrence , Morgan Grenfell)))) .)) (TOP (S `` But (NP-SBJ many newspapers) (VP are (VP facing (NP similar comparisons))) . '')) (TOP (S (NP-SBJ (NP The sale) (PP of (NP (NP the company 's) cable franchise))) (VP brought (NP (NP an after-tax gain) (PP of (NP (QP $ 193.3 million) *U*)) , (SBAR (WHNP-1 (WHNP part) (WHPP of (WHNP which))) (S (NP-SBJ-2 *T*-1) (VP will (VP be (VP used (NP *-2) (S-CLR (NP-SBJ *) (VP to (VP reduce (NP debt))))))))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP has (NP a stock-repurchase plan)) .)) (TOP (S (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP were (VP impressed (NP *-1) (PP by (NP-LGS (NP the performance) (PP of (NP (NP (NP the company 's) newspaper group) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP consists (PP-CLR of (NP (NP the Times) , (NP 35 regional newspapers) and (NP (NP a one-third interest) (PP-LOC in (NP the International Herald Tribune)))))))))))))))))) ; (S (NP-SBJ (NP group operating profit) (PP for (NP the quarter))) (VP increased (ADVP-EXT slightly) (PP-DIR to (NP (QP $ 34.9 million) *U*)) (PP-DIR from (NP (QP $ 34.5 million) *U*)) (PP on (NP flat revenue)))) .)) (TOP (S (NP-SBJ (NP Drexel Burnham 's) Mr. Reidy) (VP pointed (PRT out) (SBAR that `` (S (NP-SBJ profits) (VP held (PRT up) (PP-LOC in (NP a tough revenue environment)))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD a good sign) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ profits) (VP are (ADJP-PRD stable) (PP-TMP during (NP (NP a time) (SBAR (WHADVP-2 0) (S (NP-SBJ revenue) (VP is (PP-LOC-PRD in (NP the trough)) (ADVP-TMP *T*-2)))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ Investors) (VP celebrated (NP (NP the second anniversary) (PP of (NP Black Monday))) (PP-MNR with (NP (NP a buying spree) (PP-LOC in (NP both stocks and bonds))))) .)) (TOP (S But (NP-SBJ the dollar) (VP was (ADJP-PRD mixed)) .)) (TOP (S (NP-SBJ-1 Stock and bond investors) (VP were (VP cheered (NP *-1) (PP by (NP-LGS (NP last month 's) (ADJP encouragingly low) inflation rate)))) .)) (TOP (S (NP-SBJ This news) (VP raised (NP (NP hopes) (PP for (NP further interest-rate cuts)))) .)) (TOP (S (NP-SBJ Treasury-bond prices) (ADVP-TMP immediately) (VP rallied , (S-ADV (NP-SBJ *) (VP setting (S (NP-SBJ the stock market) (VP rolling)) (PP-TMP from (NP the opening bell))))) .)) (TOP (S (NP-SBJ The Dow Jones Industrial Average) , (ADVP up (NP (QP about 60) points) (PP-TMP in (NP mid-afternoon))) , (VP finished (PP-CLR with (NP (NP a gain) (PP of (NP 39.55 points)) , (PP to (NP 2683.20))))) .)) (TOP (S (NP-SBJ That) (VP brought (NP (NP the average 's) cumulative gain) (NP-TMP this week) (PP-DIR to (NP (QP about 114) points))) .)) (TOP (S (PP-TMP Since (NP the 1987 crash)) , (S (NP-SBJ the industrials) (VP have (VP soared (NP-EXT (QP more than 54) %)))) , and (S (NP-SBJ the (ADJP widely watched) market barometer) (VP is (PP-LOC-PRD (NP-ADV (QP about 4) %) below (NP (NP its record high) (VP set (NP *) (NP-TMP earlier this month)))))) .)) (TOP (S (NP-SBJ-1 The stock-market rally) (VP (VP was (VP led (NP *-1) (PP by (NP-LGS blue-chip issues)))) , but , (VP (PP unlike (NP (NP Monday 's) rebound)) , was (ADJP-PRD broadly based))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP over-the-counter stocks) , (VP led (NP *) (PP by (NP-LGS technology issues))) ,) (VP outleaped (NP the industrial average)) .)) (TOP (S (NP-SBJ The Nasdaq Composite Index) (VP (VP soared (NP-EXT (NP 7.52) , or (NP 1.6 %) ,) (PP-DIR to (NP 470.80))) , (NP (NP its highest one-day jump) (PP in (NP points)) (NP-TMP this year))) .)) (TOP (S (NP-SBJ Many takeover-related stocks) (VP rose (PP-TMP after (NP news (SBAR that (S (NP-SBJ a group) (VP obtained (NP (NP financing commitments) (PP for (NP (NP the proposed buy-out) (PP of (NP American Medical International Inc))))))))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Among (NP the biggest winners)) (VP were (PP-LOC-PRD *T*-1)) (NP-SBJ-2 brokerage-house stocks) , (S-ADV (NP-SBJ *-2) (VP responding (PP-CLR to (NP heavy trading volume)))) .)) (TOP (S (NP-SBJ The government) (VP said (SBAR 0 (S (NP-SBJ consumer prices) (VP rose (NP-EXT (QP only 0.2) %) (NP-TMP last month))))) .)) (TOP (S (NP-SBJ Economists) (VP expected (NP (QP twice as large) an increase)) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP That news) , (PP plus (NP (NP recent signs) (PP of (NP economic sluggishness)))) ,) (ADVP greatly) (VP increases (NP (NP pressure (S *ICH*-1)) (PP on (NP the Federal Reserve)) (S-1 (NP-SBJ *) (VP to (VP (VP ease (NP credit) (ADVP-EXT further)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (PP in (NP turn)) (VP would (VP be (NP-PRD (NP good news) (PP for (NP stocks))))))))))))) , (NP-SBJ investment managers) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ I) (VP see (NP (NP a lot) (PP of (NP (NP evidence) (VP indicating (NP a slower economy))))))) , and (S (NP-SBJ that) (VP means (SBAR 0 (S (NP-SBJ my interest-rate outlook) (VP has (NP a downward tilt))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Garnett L. Keith Jr.) , (NP (NP vice chairman) (PP of (NP (NP (NP Prudential Insurance Co.) (PP of (NP America))) , (NP (NP one) (PP of (NP (NP the nation 's) largest institutional investors))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Fed officials) (ADVP probably) (VP wo n't (VP drive (ADVP-DIR down) (NP rates) (ADVP-TMP immediately)))) , (NP-SBJ Mr. Keith) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP Despite (NP the inflation news)) , (NP-SBJ several Fed officials) (ADVP still) (VP fear (SBAR 0 (S (NP-SBJ consumer-price pressures) (VP will (VP intensify (SBAR-PRP because (S (NP-SBJ they) (VP insist (SBAR 0 (S (NP-SBJ the economy) (VP is (ADJP-PRD (ADJP stronger) (SBAR than (S (NP-SBJ *) (ADVP generally) (VP believed))))))))))))))) .)) (TOP (S But (NP-SBJ Wall Street analysts) (VP expect (NP (NP further signs) (PP of (NP economic weakness)) (PP-LOC in (NP government reports))) (PP-TMP during (NP the next few weeks))) .)) (TOP (S (SBAR-ADV If (FRAG (ADVP so))) , (NP-SBJ that) (VP will (VP cinch (NP (NP the case) (PP for (NP (NP another shot) (PP of (NP credit-easing)) (PP-TMP within (NP a month or so))))))) .)) (TOP (S (NP-SBJ-1 That) , (PP in (NP turn)) , (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP persuade (NP-2 banks) (S (NP-SBJ *-2) (VP to (VP cut (NP (NP their prime lending rate) , (NP (NP a benchmark rate) (PP on (NP many corporate and consumer loans))) ,) (PP-EXT by (NP half a percentage point)) , (PP-DIR to (NP 10 %)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're not (PP-PRD out (PP of (NP the woods))) (ADVP yet) (PP by (NP any means)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP George R. Mateyo) , (NP (NP (NP president) and (NP chief executive)) (PP of (NP (NP Carnegie Capital Management Co.) , (NP-LOC Cleveland))))) .)) (TOP (S But (NP-SBJ the economy) `` (VP is (VP slowing (ADVP enough (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP give (NP the Federal Reserve) (NP (NP leeway) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP reduce (NP interest rates) (ADVP-MNR *T*-2))))))))))))) . '')) (TOP (S But (NP-SBJ many individual investors) (VP are (ADJP-PRD leery (PP about (NP stocks))) (PP-PRP because of (NP (NP fresh signs) (PP of (NP (NP fragility) (PP-LOC in (NP the huge junk-bond market))))))) .)) (TOP (S (NP-SBJ Investors) (ADVP also) (VP are (ADJP-PRD anxious (PP about (NP (NP (NP today 's) `` witching hour) , '' (NP (NP the monthly expiration) (PP of (NP (NP stock-index futures and options) , and (NP (NP options) (PP on (NP individual stocks)))))))))) .)) (TOP (S (NP-SBJ This phenomenon) (ADVP-TMP often) (VP makes (S (NP-SBJ stock prices) (VP swing (ADVP-MNR wildly) (PP-TMP at (NP (NP the end) (PP of (NP the trading session))))))) .)) (TOP (S (PP-LOC In (NP major market activity)) : (NP-SBJ Stock prices) (VP surged (PP-LOC in (NP heavy trading))) .)) (TOP (S (NP-SBJ (NP Volume) (PP-LOC on (NP the New York Stock Exchange))) (VP rose (PP-DIR to (NP (QP 198.1 million) shares)) (PP-DIR from (NP (QP 166.9 million)) (NP-TMP Wednesday))) .)) (TOP (S (NP-SBJ Gaining Big Board issues) (VP outnumbered (NP decliners) (PP-EXT by (NP (NP 1,235) to (NP 355)))) .)) (TOP (S (NP-SBJ The dollar) (VP was (ADJP-PRD mixed)) .)) (TOP (S (PP-LOC In (NP New York)) (NP-TMP late yesterday) , (NP-SBJ it) (VP was (PP-LOC-PRD at (NP 141.70 yen)) , (ADVP up (PP from (NP 141.45 yen) (NP-TMP late Wednesday)))) .)) (TOP (S But (NP-SBJ it) (VP fell (PP-DIR to (NP 1.8470 marks)) (PP-DIR from (NP 1.8485))) .)) (TOP (S (NP-SBJ (NP (NP Tuesday 's) rout) (PP of (NP a GOP congressional hopeful)) (PP-LOC in (NP (NP a Mississippi district) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has n't (VP backed (NP a Democratic presidential candidate) (PP-TMP since (NP Adlai Stevenson))))))))) (VP is (NP-PRD another reminder (SBAR that , (S (PP-LOC (ADVP at least) at (NP the federal level)) , (NP-SBJ political `` ticket splitting '') (VP has (VP been (PP-PRD on (NP the rise)) (PP-TMP over (NP the past half century)))))))) .)) (TOP (SINV (PP-LOC In (NP (NP (QP only one) presidential election year) (ADVP-TMP prior (PP to (NP 1948))))) did (NP-SBJ (NP (QP more than 20) %) (PP of (NP (NP the nation 's) congressional districts))) (VP choose (NP (NP (NP a different party 's) candidate) (PP for (NP the White House)) (PP than (PP for (NP (NP the House) (PP of (NP Representatives))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ that percentage) (VP (VP (ADVP-TMP routinely) equals (NP a third)) and (VP (ADVP-TMP twice) has (VP been (PP-PRD above (NP 40 %))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ we) (VP know))) , (NP-SBJ-1 voters) (VP tend (S (NP-SBJ *-1) (VP to (VP favor (NP Republicans) (ADVP (ADVP more) (PP *ICH*-2)) (PP-LOC in (NP (NP races) (PP for (NP president)))) (PP-2 than (PP-LOC in (NP (NP those) (PP for (NP Congress))))))))) .)) (TOP (S (PP-LOC In (NP (NP every presidential election) (PP-TMP over (NP the past half century)) , (PP except (PP for (NP the Goldwater presidential candidacy))) ,)) (NP-SBJ the GOP) (VP has (VP captured (NP (NP a greater percentage) (PP of (NP (NP the major-party popular vote) (PP for (NP president)))) (SBAR than (S (NP-SBJ it) (VP has (FRAG (PP of (NP (NP congressional seats) or (NP (NP the popular vote) (PP for (NP Congress)))))))))))) .)) (TOP (S (ADVP-TMP Prior (PP to (NP 1932))) , (NP-SBJ the pattern) (VP was (ADVP nearly) (NP-PRD the opposite)) .)) (TOP (SBARQ (WHNP-1 What) (SQ (NP-SBJ *T*-1) (VP accounts (PP-CLR for (NP (NP the results) (PP of (NP recent decades)))))) ?)) (TOP (S (NP-SBJ A simple economic theory) (VP may (VP provide (NP (NP (ADVP at least) a partial explanation) (PP for (NP (NP the split personality) (VP displayed (NP *) (PP by (NP-LGS Americans)) (PP-LOC in (NP the voting booth)))))))) .)) (TOP (S-HLN (NP-SBJ The theory) (VP relies (PP-CLR on (NP three assumptions))) :)) (TOP (S (LST 1 -RRB-) (NP-SBJ Voters) (VP can (VP `` buy '' (NP (NP one) (PP of (NP (NP two brands) (NP *ICH*-1)))) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ they) (VP select (NP their political agents) (ADVP-TMP *T*-4)))) -- (NP-1 (NP (NP a Republican brand) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP believes (PP-CLR (PP in (NP the minimalist state)) and (PP in (NP (NP the virtues) (PP of (NP (NP private markets) (PP over (NP (NP the vices) (PP of (NP public action))))))))))))) , and (NP (NP a Democratic brand) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP believes (PP-CLR (PP in (NP big government)) and (PP in (NP public intervention (S (NP-SBJ *) (VP to (VP remedy (NP (NP the excesses) (ADJP attendant (PP to (NP (NP the pursuit) (PP of (NP private interest))))))))))))))))))) .)) (TOP (S (LST 2 -RRB-) (NP-SBJ-1 Congressional representatives) (VP have (NP (NP two basic responsibilities) (S-NOM *ICH*-2)) (SBAR-TMP while (S (NP-SBJ *-1) (VP voting (PP-LOC in (NP office))))) -- (S-NOM-2 (NP-SBJ *) (VP (VP dealing (PP-CLR with (NP (NP national issues) (PRN -LRB- (NP (NP programmatic actions) (PP such as (S-NOM (NP-SBJ *) (VP casting (NP (NP roll call votes) (PP on (NP (NP legislation) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP (VP imposes (NP costs)) and/or (VP confers (NP benefits) (PP-CLR on (NP (NP the population) (PP at (ADJP large))))))))))))))) -RRB-)))) and (VP attending (PP-CLR to (NP (NP local issues) (PRN -LRB- (NP (NP constituency service) and (NP pork barrel)) -RRB-))))))) .)) (TOP (S (LST 3 -RRB-) (NP-SBJ-1 Republican congressional representatives) , (PP-PRP because of (NP (NP their belief) (PP in (NP a minimalist state)))) , (VP are (ADJP-PRD (ADJP less willing (S (NP-SBJ *-1) (VP to (VP engage (PP-CLR in (NP local benefit-seeking)))))) (SBAR than (SINV are (NP-SBJ (NP Democratic members) (PP of (NP Congress))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ these assumptions) (VP hold))) , (NP-SBJ (NP voters) (PP-LOC in (NP (NP races) (PP for (NP Congress))))) (VP (VP face (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 *T*-2) (PP-LOC in (NP economic theory)) (VP is (VP called (S (NP-SBJ *-1) (NP-PRD (NP a prisoner 's) dilemma))))))) and (VP have (NP an incentive (S *ICH*-3)) , (PP-LOC at (NP the margin)) , (S-3 (NP-SBJ *) (VP to (VP lean (NP Democratic)))))) .)) (TOP (UCP (SBAR-ADV If (S (NP-SBJ they) (VP put (NP a Republican) (PP-PUT into (NP office))))) , (SINV (CONJP not only) will (NP-SBJ they) (VP acquire (NP (NP less) (PP in (NP (NP terms) (PP of (NP local benefits))))))) but (S (NP-SBJ-2 their selected legislator) (VP will (VP be (ADJP-PRD relatively powerless (S (NP-SBJ *-2) (VP to (VP prevent (NP-1 other legislators) (PP-CLR from `` (S-NOM (NP-SBJ *-1) (VP bringing (ADVP-DIR home) (NP the bacon) '' (PP-DIR to (NP their respective constituencies)))))))))))) .)) (TOP (S (NP-SBJ Each legislator) , (PP after (NP all)) , (VP is (NP-PRD (NP (QP only one)) (PP out (PP of (NP 535)))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP comes (PP-CLR to (NP national policy making)) (ADVP-TMP *T*-1))))) .)) (TOP (S (PP-LOC In (NP (NP races) (PP for (NP the White House)))) , (NP-SBJ (NP a voter 's) incentive) , (PP-LOC at (NP the margin)) , (VP is (S-PRD (NP-SBJ *) (VP to (VP lean (NP Republican))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ a GOP president) (VP may (VP limit (NP (NP local benefits) (PP to (NP (NP the voter 's) particular district/state))))))) , (NP-SBJ-1 such a president) (VP is (ADVP also) (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD more effective (PP at (S-NOM (NP-SBJ *) (VP preventing (NP-2 (NP other districts/states) and (NP their legislators)) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP bringing (ADVP-DIR home) (NP the local benefits))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The individual voter 's) standing) (ADVP consequently) (VP will (VP be (VP enhanced (NP *-1) (PP-MNR through (NP lower taxes))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ this theory) (VP is (ADJP-PRD exceedingly simple)))) , (NP-SBJ-1 it) (VP appears (S (NP-SBJ *-1) (VP to (VP explain (NP several things))))) .)) (TOP (FRAG (ADVP First) , (SBAR (WHADVP-2 why) (S (NP-SBJ ticket splitting) (VP has (VP (VP increased) and (VP taken (NP (NP the peculiar pattern) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP has (VP *?* (NP *T*-1))))))) (PP-TMP over (NP the past half century)) (ADVP-PRP *T*-2))))) : (S (ADVP-TMP Prior (PP to (NP (NP (NP the election) (PP of (NP Franklin Roosevelt)) (PP as (NP president))) and (NP (NP the advent) (PP of (NP the New Deal)))))) , (S (NP-SBJ government) (VP occupied (NP a (ADJP much smaller) role) (PP-LOC in (NP society)))) and (S (NP-SBJ (NP (NP the prisoner 's) dilemma problem) (VP confronting (NP voters) (PP-LOC in (NP (NP races) (PP for (NP Congress)))))) (VP was (ADJP-PRD considerably less severe)))) .)) (TOP (S (S (ADVP Second) , (NP-SBJ it) (VP explains (SBAR (WHADVP-2 why) (S (NP-SBJ voters) (VP (VP hold (NP Congress) (PP-CLR in (NP disdain))) but (VP (ADVP generally) love (NP their own congressional representatives)) (ADVP-PRP *T*-2)))))) : (S (NP-SBJ (NP Any individual legislator 's) constituents) (VP appreciate (NP (NP (NP the specific benefits) (SBAR (WHNP-1 that) (S (NP-SBJ the legislator) (VP wins (NP *T*-1) (PP-BNF for (NP them)))))) but not (NP (NP the overall cost) (VP associated (NP *) (PP-CLR with (S-NOM (NP-SBJ every other legislator) (VP doing (ADVP-MNR likewise) (PP for (NP his own constituency)))))))))) .)) (TOP (S (ADVP Third) , (NP-SBJ the theory) (VP suggests (SBAR (WHADVP-2 why) (S (NP-SBJ (NP legislators) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP pay (NP too much attention) (PP-CLR to (NP national policy making)) (ADVP relative (PP to (NP local benefit-seeking))))))) (VP have (NP lower security) (PP-LOC in (NP office)) (ADVP-PRP *T*-2))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP (NP first-term members) (PP of (NP the House))) , (RRC (ADVP-TMP once) (NP (NP the (ADJP most vulnerable)) (PP of (NP incumbents)))) ,) (VP have (VP become (ADJP-PRD virtually immune (PP to (NP defeat))))) .)) (TOP (S (NP-SBJ (NP The one exception) (PP to (NP this recent trend))) (VP was (NP-PRD (NP the defeat) (PP of (NP (NP 13) (PP of (NP (NP the 52 freshman Republicans) (VP (VP brought (NP *) (PP-DIR into (NP office)) (PP-TMP in (NP 1980)) (PP by (NP-LGS the Reagan revolution))) and (VP running (PP-CLR for (NP re-election)) (PP-TMP in (NP 1982)))))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ these freshmen) (VP placed (NP (ADJP far more) emphasis) (PP-CLR on (NP (NP their partisan role) -- (S-NOM (NP-SBJ *) (VP spreading (NP the Reagan revolution))) --)) (PP-LOC in (NP national policy making))))) , (NP-SBJ they) (VP were (ADJP-PRD more vulnerable (PP to (NP defeat)))) .)) (TOP (S (ADVP Fourth) , (NP-SBJ the theory) (VP indicates (SBAR (WHADVP-1 why) (S (NP-SBJ the Republican Party) (VP may (VP have (NP (NP a difficult time) (S-NOM (NP-SBJ *) (VP attracting (NP (NP viable candidates) (PP for (NP congressional office)))))) (ADVP-PRP *T*-1)))))) .)) (TOP (S (NP-SBJ-1 Potential candidates) (VP may (VP be (VP discouraged (NP-2 *-1) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP running))) (ADVP (ADVP less) (PP *ICH*-3)) (PP by (NP-LGS the congressional salary)) (PP-3 than (PP by (NP-LGS (NP the prospect) (PP of (NP (NP defeat) (PP at (NP (NP the hands) (PP of (NP a Democratic opponent)))))))))))) .)) (TOP (S (PP To (NP the extent (SBAR that (S (NP-SBJ (NP potential Republican candidates) and (NP their financial backers)) (VP realize (SBAR that (S (NP-SBJ (NP the congressional prisoner 's) dilemma game) (VP works (PP-MNR to (NP their disadvantage)))))))))) , (NP-SBJ-1 the Republican Party) (VP will (VP be (VP hindered (NP *-1) (PP-LOC in (NP its attempts (S (NP-SBJ *) (VP to (VP field (NP (NP a competitive slate) (PP of (NP congressional candidates))))))))))) .)) (TOP (S (ADVP Fifth) , (NP-SBJ the theory) (VP may (VP provide (NP (NP (ADVP at least) a partial reason) (PP for (SBAR (WHADVP-2 why) (S (NP-SBJ-1 ticket splitting) (VP has (VP been (ADVP particularly) (VP pronounced (NP *-1) (PP-LOC in (NP the South)) (ADVP-PRP *T*-2)))))))))) .)) (TOP (S (PP To (NP the extent (SBAR that (S (NP-SBJ-2 (NP Democratic legislators) (PP-LOC from (NP the South))) (VP (VP have (VP held (NP (NP a disproportionate share) (PP of (NP power))) (PP-LOC in (NP Congress)) (PP-TMP since (NP 1932)))) and (VP have (VP been (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP translate (NP such clout) (PP-CLR into (NP (NP (ADJP relatively more) local benefits) (PP for (NP their respective constituencies))))))))))))))) , (NP-SBJ (NP voters) (PP-LOC in (NP the South))) (VP have (VP had (NP an (ADJP especially strong) incentive (S (NP-SBJ *) (VP to (VP keep (NP such Democrats) (PP-LOC-CLR in (NP office)))))))) .)) (TOP (S (ADVP Finally) , (NP-SBJ the theory) (VP suggests (SBAR (WHADVP-1 why) (S (NP-SBJ Republicans) (ADVP generally) (VP have (VP fared (ADVP-MNR (ADVP better) (PP *ICH*-2)) (PP-LOC in (NP Senate races)) (PP-2 than (PP-LOC in (NP (NP campaigns) (PP for (NP the House))))) (ADVP-PRP *T*-1)))))) .)) (TOP (S (SBAR-PRP Since (S (S (NP-SBJ local benefit-seeking) (VP matters (ADVP more))) and (S (NP-SBJ national policy making) (VP matters (ADVP less))) (PP-LOC in (NP (NP the lower chamber) (PP of (NP Congress)))))) , (NP-SBJ this) (VP is (ADVP precisely) (NP-PRD (NP the pattern) (SBAR (WHNP-1 0) (S (NP-SBJ one) (VP would (VP expect (NP *T*-1) (SBAR-ADV if (S (NP-SBJ-2 Republicans) (VP are (ADJP-PRD (ADJP less willing (S (NP-SBJ *-2) (VP to (VP engage (PP-CLR in (NP local benefit-seeking)))))) (PP than (NP their Democratic counterparts)))))))))))) .)) (TOP (SQ Is (NP-SBJ there) (NP (NP any empirical support) (PP for (NP this theory))) ?)) (TOP (S (NP-SBJ (NP Three pieces) (PP of (NP evidence))) (VP corroborate (NP the key assumption (SBAR that (S (NP-SBJ-1 Democratic legislators) (VP are (ADJP-PRD (ADJP more willing (S (NP-SBJ *-1) (VP to (VP engage (PP-CLR in (NP local benefit-seeking)))))) (PP than (NP their Republican colleagues)))))))) .)) (TOP (S (ADVP First) , (NP-SBJ economists James Bennett and Thomas DiLorenzo) (VP find (SBAR that (S (NP-SBJ GOP senators) (VP turn (PRT back) (NP (NP (NP-ADV (QP roughly 10) %) more) (PP of (NP their allocated personal staff budgets)) (SBAR than (S (NP-SBJ Democrats) (VP do)))))))) .)) (TOP (S (PP To (NP the extent (SBAR that (S (NP-SBJ (NP the primary duty) (PP of (NP personal staff))) (VP involves (NP local benefit-seeking)))))) , (NP-SBJ this) (VP indicates (SBAR that (S (NP-SBJ political philosophy) (VP leads (S (NP-SBJ congressional Republicans) (VP to (VP pay (NP (NP less attention) (PP to (NP narrow constituent concerns)))))))))) .)) (TOP (S (ADVP Second) , (SBAR-ADV if (S (NP-SBJ the key assumption) (VP is (ADJP-PRD valid)))) , (NP-SBJ Democrats) (VP should (VP have (NP (NP lower attendance rates) (PP on (NP roll-call votes)) (SBAR than (S (NP-SBJ Republicans) (VP do)))) (PP to (NP the extent (SBAR (SBAR that (S (NP-SBJ such votes) (VP reflect (NP national policy making)))) and (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP participating (PP-CLR in (NP such votes)))) (VP takes (PRT away) (PP-CLR from (NP (NP the time) (SBAR (WHADVP-1 0) (S (NP-SBJ a legislator) (VP could (ADVP otherwise) (VP devote (PP-CLR to (NP local benefit-seeking)) (ADVP-TMP *T*-1))))))))))))))) .)) (TOP (S (NP-SBJ This) (VP is (ADVP indeed) (SBAR-PRD (WHNP-1 what) (S (NP-SBJ the data) (VP indicate (NP *T*-1) , (PP (ADVP particularly) in (NP (NP the case) (PP of (NP the House)))))))) .)) (TOP (S (NP-SBJ The Democratic House attendance rate) (VP has not (VP exceeded (NP the Republican House attendance rate) (PP-TMP since (NP 1959)))) .)) (TOP (S (ADVP Finally) , (SBAR-ADV as (S (NP-SBJ *) (VP shown (PP-LOC in (NP the table))))) , (NP-SBJ Democrats) (VP allocate (NP (NP a higher proportion) (PP of (NP their personal staffs))) (PP-CLR to (NP (NP district offices) -- (SBAR (WHADVP-1 where) (S (S (NP-SBJ local benefit-seeking duties) (VP matter (ADVP more))) and (S (NP-SBJ national policy making activities) (VP matter (ADVP less))) (ADVP relative (PP to (NP Washington offices))) (ADVP-LOC *T*-1)))))) .)) (TOP (S (NP-SBJ (NP An examination) (PP of (NP (NP changes) (PP in (NP personal staffing decisions)) (PP-LOC in (NP the Senate)) (PP-TMP between (NP 1986 and 1987)) (PRN -LRB- (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP control) (PP of (NP that body))) (VP changed (NP party hands) (ADVP-TMP *T*-2)))) -RRB-)))) , (ADVP moreover) , (VP reveals (SBAR that (S (NP-SBJ-1 (NP the personal staffing differences) (VP noted (NP *) (PP-LOC in (NP the table)))) (VP can not (VP be (VP attributed (NP *-1) (PP-CLR to (NP (NP the disproportionate control) (SBAR (WHNP-3 0) (S (NP-SBJ Democrats) (VP exercise (NP *T*-3) , (PP-PRP due to (NP their majority-party status)) , (PP-CLR over (NP (NP other resources) (PP such as (NP committee staff))))))))))))))) .)) (TOP (FRAG (NP (NP An additional piece) (PP of (NP evidence)) (PP from (NP the Senate))) : (S (S-ADV (NP-SBJ *) (VP Holding (S (NP-SBJ (NP other factors) (PP *ICH*-1)) (ADJP-PRD constant)) , (PP-1 such as (NP (NP incumbency advantages) and (NP regional factors))))) , (NP-SBJ-2 (NP the difference) (PP between (NP (NP popular votes) (PP for (NP Republican (ADJP presidential and senatorial) candidates)))) (PP-LOC in (NP (NP states) (VP conducting (NP a Senate election))))) (VP turns (PRT out) (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP a positive function) (PP of (SBAR (WHADJP-3 how onerous) (S (NP-SBJ (NP the federal government 's) tax burden) (VP is (ADJP-PRD *T*-3) (PP per (NP state))))))) (PRN -LRB- (S (NP-SBJ a progressive tax rate) (VP hits (NP higher-income states) (ADVP-MNR harder))) -RRB-)))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *) (VP Put (NP *-2) (ADVP-CLR more simply))) , (NP-SBJ-1 (NP GOP candidates) (PP for (NP president))) (VP are (VP looked (PP-CLR on (NP *-1)) (ADVP-MNR (ADVP more kindly) (PP *ICH*-3)) (PP by (NP-LGS voters)) (PP-3 than (NP (NP Republican candidates) (PP for (NP the Senate)))) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ (NP the prisoner 's) dilemma) (VP is (ADJP-PRD more severe) (ADVP-TMP *T*-4)))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ-1 ticket splitting) (VP appears (S (NP-SBJ *-1) (VP to (VP take (NP (NP the same peculiar pattern) (SBAR *ICH*-2)) (PP-LOC at (NP the state government level)) (SBAR-2 as (S (NP-SBJ it) (VP does (PP-LOC at (NP the federal level))))))))) .)) (TOP (S (NP-SBJ-1 State government) (VP is (ADVP-TMP (ADVP more typically) (PP *ICH*-2)) (VP split (NP *-1) (PP-MNR along (NP Republican-governor/Democratic-legislature lines)) (PP-2 than (NP the reverse)))) .)) (TOP (S (NP-SBJ A cross-state econometric investigation) , (ADVP furthermore) , (VP reveals (SBAR that , (S (S-ADV (NP-SBJ *) (VP holding (S (NP-SBJ other factors) (ADJP-PRD constant)))) , (NP-SBJ (NP the difference) (PP between (NP (S-NOM (NP-SBJ (NP a state 's) major-party vote) (VP going (PP-DIR to (NP the Republican gubernatorial candidate)))) and (NP (NP the Republican share) (PP of (NP the lower state house)))))) (VP is (NP-PRD (NP a positive function) (PP of (NP the state tax rate))))))) .)) (TOP (S (PP In (NP sum)) , (PP-LOC at (NP both the (UCP federal and state) government levels)) (NP-SBJ (NP (ADVP at least) part) (PP of (NP (NP the (ADJP seemingly irrational) behavior) (SBAR (WHNP-1 0) (S (NP-SBJ voters) (VP display (NP *T*-1) (PP-LOC in (NP the voting booth)))))))) (VP may (VP have (NP an (ADJP exceedingly rational) explanation))) .)) (TOP (S (NP-SBJ Mr. Zupan) (VP teaches (PP-LOC at (NP (NP (NP the University) (PP of (NP Southern California)) 's) business school))) .)) (TOP (S (NP-SBJ A House-Senate conference) (VP approved (NP (NP a (ADJP (QP nearly $ 17 billion) *U*) State , Justice and Commerce Department bill) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (S (NP-SBJ (NP federal reparations) (PP for (NP (NP Japanese-Americans) (VP held (NP *) (PP-LOC in (NP World War II internment camps)))))) (NP-PRD a legal entitlement) (PP-TMP after (NP next Oct. 1)))))))) .)) (TOP (S (S (NP-SBJ The measure) (VP provides (NP (NP no money) (PP for (NP the promised payments))) (PP-TMP until (NP then)))) , but (S (PP-TMP beginning (PP in (NP fiscal 1991))) , (NP-SBJ-1 the government) (VP would (VP be (ADJP-PRD committed (PP to (S-NOM (NP-SBJ *-1) (VP meeting (NP (NP annual payments) (PP of (NP (QP as much as $ 500 million) *U*))) (SBAR-TMP until (S (NP-SBJ-2 (NP the total liability) (PP of (NP (QP approximately $ 1.25 billion) *U*))) (VP is (VP paid (NP *-2)))))))))))) .)) (TOP (S (NP-SBJ-2 The action) (VP (VP abandons (NP earlier efforts (S (NP-SBJ *) (VP to (VP find (NP (NP offsetting cuts) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP fund (NP the payments))))))))))) , but (VP is (ADVP widely) (VP seen (NP *-2) (PP-CLR as (NP (NP a (ADJP more realistic) means) (PP of (S-NOM (NP-SBJ *) (VP expediting (NP (NP reparations) (VP (ADVP first) authorized (NP *) (PP-TMP in (NP 1988)))))))))))) .)) (TOP (S (NP-SBJ The action) (VP came (SBAR-TMP as (S (NP-SBJ Congress) (VP sent (PP-DTV to (NP President Bush)) (NP (NP a fiscal 1990 bill) (VP providing (NP an estimated (QP $ 156.7 billion) *U*) (PP-CLR for (NP (NP the Departments) (PP of (NP (NP Labor) , (NP Education) , (NP (NP Health) and (NP Human Services)))))))))))) .)) (TOP (S (NP-SBJ Final approval) (VP was (PP-PRD on (NP (NP a 67-31 roll call) (PP in (NP the Senate)) , (SBAR (WHNP-32 which) (S (NP-SBJ *T*-32) (VP sets (NP (NP the stage) (PP for (NP (NP a veto confrontation) (PP with (NP Mr. Bush)) (PP over (NP (NP the issue) (PP of (NP (NP publicly financed abortions) (PP for (NP poor women))))))))))))))) .)) (TOP (S (S (S-ADV (NP-SBJ *-1) (VP Reversing (NP an eight-year federal policy))) , (NP-SBJ-1 the measure) (VP supports (NP (NP Medicaid abortions) (PP-LOC in (NP (NP cases) (PP of (NP rape and incest))))))) , but (S (NP-SBJ-2 Mr. Bush) (VP has (ADVP-TMP so far) (VP refused (S (NP-SBJ *-2) (VP to (VP support (NP (NP any specific exemption) (PP beyond (NP (NP instances) (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ (NP the mother 's) life) (VP is (PP-PRD in (NP danger)) (PP-TMP *T*-3))))))))))))) .)) (TOP (S (S (NP-SBJ (NP Mr. Bush 's) veto power) (VP puts (NP him) (X-PUT (NP a commanding position)) (PP-LOC in (NP the narrowly divided House)))) , but (S (NP-SBJ a vote (S (NP-SBJ *) (VP to (VP override (NP his position))))) (VP could (ADVP well) (VP pick (PRT up) (NP new support) (PP-PRP because of (NP (NP the wealth) (PP of (NP (NP health and education programs) (VP financed (NP *) (PP-LOC in (NP the underlying bill)))))))))) .)) (TOP (S (NP-SBJ (NP The measure) (RRC (PP-LOC before (NP the conference)) (NP-TMP yesterday))) (VP funds (NP (NP the Departments) (PP of (NP State , Justice and Commerce))) (PP-TMP through (NP fiscal 1990))) .)) (TOP (S (S (NP-SBJ-1 (NP An estimated (QP $ 1.32 billion) *U*) (PP *ICH*-2)) (VP is (VP provided (NP *-1) (PP-2 for (NP (NP next year 's) census))))) , and (S (NP-SBJ negotiators) (VP stripped (NP (NP a Senate-passed rider) (VP seeking (S (NP-SBJ *) (VP to (VP block (NP (NP the counting) (PP of (NP illegal aliens)))))))))) .)) (TOP (S (ADVP-LOC Elsewhere (PP in (NP the Commerce Department))) , (NP-SBJ-1 (NP (QP nearly $ 191.2 million) *U*) (PP *ICH*-2)) (VP is (VP preserved (NP *-1) (PP-2 for (NP (NP assistance programs) (PP-LOC under (NP the Economic Development Administration)))))) .)) (TOP (S And (PP-LOC in (NP (NP a footnote) (PP to (NP (NP the fall) (PP of (NP House Speaker James Wright)) (NP-TMP this year))))) , (NP-SBJ-2 the conference) (VP voted (S (NP-SBJ *-2) (VP to (VP rescind (NP (NP (QP $ 11.8 million) *U*) (PP in (NP unspent EDA funds)) (PP for (NP (NP a (NAC-LOC Fort Worth , Texas ,) stockyards project) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP figured (PP-LOC-CLR in (NP (NP ethics charges) (PP against (NP the former Democratic leader)))))))))))))) .)) (TOP (S (S (NP-SBJ Fiscal pressures) (ADVP also) (VP forced (NP (NP the adoption) (PP of (NP (NP new fees) (VP charged (NP *) (PP by (NP-LGS federal agencies)))))))) , and (S (NP-SBJ-1 (NP an (ADJP 18 %) increase) (PP-LOC in (NP (NP the Securities and Exchange Commission 's) budget))) (VP would (VP be (VP financed (NP *-1) (ADVP-MNR entirely) (PP by (NP-LGS (NP an added (QP $ 26 million) *U*) (PP in (NP filing fees)))))))) .)) (TOP (S (PP-LOC In (NP an unprecedented step)) , (NP-SBJ-2 the measure) (VP anticipates (NP (NP another (QP $ 30 million) *U*) (PP in (NP receipts))) (PP by (S-NOM (NP-SBJ *-2) (VP having (S (NP-SBJ (NP the Federal Bureau) (PP of (NP Investigation))) (VP (VP charge (PP-CLR for (NP fingerprint services)) (PP-LOC in (NP civil cases))) -- (NP (NP a change) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP is (ADJP-PRD almost certain (S (NP-SBJ *-3) (VP to (VP increase (NP (NP Pentagon costs) (PP in (S-NOM (NP-SBJ *) (VP processing (NP personnel and security clearances))))))))))))))))))) .)) (TOP (S (NP-SBJ The bill) (VP does n't (VP include (NP (NP an estimated (QP $ 1.9 billion) *U*) (PP in (NP (NP supplemental anti-drug funds) (PP for (NP (UCP Justice Department and law-enforcement) accounts)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADVP still) (PP-LOC-PRD in (NP (NP conference) (PP with (NP the House)))))))))))) .)) (TOP (S But (NP-SBJ-2 (NP yesterday 's) agreement) (VP would (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD easier) (SBAR-1 for (S (NP-SBJ state governments) (VP to (VP handle (NP the promised aid)))))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP deferring (PP-TMP for (NP one year)) (NP (NP a scheduled (ADJP 50 %) increase) (PP-LOC in (NP (NP the required state matching funds) (PP for (NP law-enforcement grants)))))))))) .)) (TOP (S (ADVP Similarly) , (NP-SBJ-1 the measure) (VP adjusts (NP the current funding formula) (S-PRP (NP-SBJ *-1) (VP to (VP promise (NP (NP smaller states) (PP such as (NP (NP New Hampshire) and (NP Delaware)))) (NP (NP a minimum allocation) (PP of (NP (NP (NP (QP $ 1.6 million) *U*) (NP-ADV each) (PP in (NP drug grants))) , or (NP (QP three times) the current minimum)))))))) .)) (TOP (S (S (NP-SBJ (NP The odd mix) (PP of (NP departments)) (PP-LOC in (NP the bill))) (VP makes (S (NP-SBJ it) (NP-PRD (NP one) (PP of (NP (NP the (ADJP more eclectic)) (PP of (NP the annual appropriations measures)))))))) , and (S (NP-SBJ (NP the assorted provisions) (VP attached (NP *) (PP by (NP-LGS lawmakers)))) (VP run (PP-CLR (PP from (NP (NP (QP $ 1.5 million) *U*) (PP for (NP (NP a fish farm) (PP-LOC in (NP Arkansas)))))) (PP to (NP (NP a music festival) (PP-LOC in (NP Moscow)) (PP-LOC under (NP the United States Information Agency))))))) .)) (TOP (S (NP-SBJ Lawmakers) (VP (VP scrapped (NP (NP all) (PP of (NP (NP a (ADJP (QP $ 7.4 million) *U*) State Department request) (PP for (NP (NP the 1992 Expo) (PP-LOC in (NP (NP Seville) , (NP Spain))))))))) , but (VP agreed (ADVP-LOC elsewhere) (PP-CLR to (NP (NP $ 15,000 *U*) (PP for (NP (NP an oil portrait) (PP of (NP former Chief Justice Warren Burger)))))))) .)) (TOP (S (NP-SBJ (NP Senate Commerce Committee Chairman Ernest Hollings) (PRN -LRB- (NP (NP D.) , (NP-LOC S.C.)) -RRB-) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP also) (VP chairs (NP the Senate appropriations subcommittee) (PP for (NP the department))))) ,) (VP attached (NP (NP (QP $ 10 million) *U*) (PP for (NP (NP an advanced technology initiative) , (PP including (NP (NP work) (PP on (NP high-definition television)))))))) .)) (TOP (S (NP-SBJ-1 (NP His Republican counterpart) , (NP (NP Sen. Warren Rudman) (PRN -LRB- (NP (NP R.) , (NP-LOC N.H.)) -RRB-)) ,) (VP has (VP used (NP his position) (S-CLR (NP-SBJ *-1) (VP to (VP wage (NP a legislative war) (PP-CLR with (NP (NP the conservative board) (PP of (NP the Legal Services Corp))))))))) .)) (TOP (S (S (NP-SBJ-2 An estimated (QP $ 321 million) *U*) (VP is (VP provided (NP-3 *-2) (S-PRP-CLR (NP-SBJ *-3) (VP to (VP maintain (NP the program))))))) , but (S (NP-SBJ-4 Mr. Rudman) (ADVP also) (VP succeeded (PP-CLR in (S-NOM (NP-SBJ *-4) (VP attaching (NP (NP language) (VP seeking (S (NP-SBJ *) (VP to (VP curb (NP (NP the authority) (PP of (NP the current board))) (SBAR-TMP until (S (NP-SBJ-1 new members) (VP are (VP confirmed (NP *-1))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP The effective date) (PP of (NP (NP any new regulations) (PP by (NP the current board))))) (VP would (VP be (VP delayed (NP *-1) (PP-TMP until (NP (NP Oct. 1) (NP next year))))))) , and (S (NP-SBJ-2 the bill) (VP seeks (S (NP-SBJ *-2) (VP to (VP reverse (NP (NP efforts (S *ICH*-3)) (PP by (NP the corporation)) (S-3 (NP-SBJ *) (VP to (VP cut (PRT off) (NP (NP funds) (PP to (NP (NP service organizations) (PP such as (NP the Food Research and Action Center)))))))))))))) .)) (TOP (S (NP-SBJ The bill) (ADVP also) (VP provides (NP (NP (NP (QP $ 620.5 million) *U*) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP meet (NP (NP U.S. contributions) (PP to (NP international organizations)))))))) and (NP (NP (QP $ 80 million) *U*) (PP for (NP peace-keeping activities))))) .)) (TOP (S (NP-SBJ Both accounts) (VP reflect (NP (NP significant increases) (PP from (NP fiscal 1989))) , (SBAR-ADV although (S (NP-SBJ (NP the amount) (PP for (NP peace-keeping))) (VP shows (NP (NP a (ADJP 27 %) cut) (PP from (NP (NP the administration 's) request))))))) .)) (TOP (S (NP-SBJ Mercury Savings & Loan Association) (VP said (SBAR 0 (S (NP-SBJ it) (VP retained (NP Merrill Lynch Capital Markets) (PP-CLR as (NP (NP its lead investment banker) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP advise (NP it) (PP-CLR regarding (NP (NP a possible (NX (NX sale) or (NX other combination))) (PP of (NP the (NAC-LOC Huntington Beach , Calif. ,) thrift)))))))))))))) .)) (TOP (S (NP-SBJ (NP Mercury) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP has (NP (NP (NP assets) (PP of (NP (QP more than $ 2 billion) *U*))) and (NP (NP 24 branches) (PP-LOC in (NP California))))))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the action (S (NP-SBJ *) (VP to (VP improve (NP its regulatory capital position))))) (VP is (VP related (NP *-1) (ADVP-MNR directly) (PP-CLR to (NP (NP new capital requirements) (VP mandated (NP *) (PP by (NP-LGS (ADJP recently adopted) federal legislation)))))))))) .)) (TOP (S (NP-SBJ Mercury) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP extended (NP (NP its two-year advisory relationship) (PP with (NP (NP Montgomery Securities) (PP of (NP San Francisco))))))))) .)) (TOP (S (NP-SBJ (NP Mercury 's) stock) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 4.875 *U*)) , (ADJP-CLR unchanged) (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Watching (S (NP-SBJ-2 Congress) (VP sweat and grimace (PP-CLR through (NP its annual budget labors)) , (S-ADV (NP-SBJ *-2) (VP fighting (NP the urge (S (NP-SBJ *) (VP to (VP spend (NP more))))))))))) , (NP-SBJ-1 we) (VP 're (VP reminded (PP-CLR of (NP (NP those late-night movies) (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ the anguished serial killer) (VP (VP turns (NP-PRD himself) (PRT in) (PP-CLR to (NP police))) and (VP says , `` (S (NP-SBJ *) (VP Stop (NP me) (SBAR-TMP before (S (NP-SBJ I) (VP kill (ADVP again))))))) (PP-LOC *T*-3)))))))) . '')) (TOP (S (S (NP-SBJ The Members) (VP know (SBAR 0 (S (NP-SBJ they) (VP 're (VP doing (NP wrong))))))) , but (S (NP-SBJ-1 they) (VP need (NP help) (S-PRP (NP-SBJ *-1) (VP to (VP restrain (NP their darker compulsions)))))) .)) (TOP (S (S (NP-SBJ Arkansas Democrat David Pryor) (VP spilled (NP his guts) (PP-LOC on (NP the Senate floor)) (NP-TMP the other day) (SBAR-TMP after (S (NP-SBJ he) (VP 'd (VP joined (NP (NP the Finance Committee 's) early-morning pork-barrel revels))))))) : `` (S (NP-SBJ I) (VP must (VP tell (NP you)))) ...)) (TOP (S (NP-SBJ I) (VP come (PP-DIR to (NP the floor)) (NP-TMP tonight) (PP-MNR as (NP (NP one) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP ended (PRT up) (PP-CLR with (NP (NP a busload) (PP of (NP extraneous matter)))))))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP (NP nothing) (ADJP (ADJP more) (PP *RNR*-1))) or (NP (NP nothing) (ADJP (ADJP less) (PP *RNR*-1))) (PP-1 than (NP a feeding frenzy)))) . '')) (TOP (S (NP-SBJ He) (VP was (VP turning (NP-PRD himself) (PRT in))) .)) (TOP (S `` (S-TPC-5 (ADVP Frankly) , (SBAR-TMP as (S (NP-SBJ-2 I) (VP was (VP walking (ADVP-DIR back) (S-PRP (NP-SBJ *-2) (VP to (VP get (PP-DIR in (NP my car))))))))) , (NP-SBJ I) (VP heard (S (NP-SBJ many , many people) ... (VP (VP opening (NP champagne bottles)) and (VP celebrating (NP (NP individual victories) (SBAR (WHNP-1 that) (S (NP-SBJ-3 (NP some) (PP of (NP us))) (VP had (VP accomplished (NP *T*-1) (PP-LOC in (S-NOM (NP-SBJ *-3) (VP (VP getting (NP our little deal) (PP-LOC-CLR in (NP the tax bill))) and (VP winking (PP-CLR at (NP-4 this person)) (PP-CLR for (S-NOM (NP-SBJ *-4) (VP slipping (NP this) (PRT in)))))))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-5)) .)) (TOP (S `` (SBAR-TMP As (S (NP-SBJ I) (VP was (VP driving (ADVP-DIR home))))) , (NP-SBJ I) (VP did not (VP feel (ADJP-PRD very good (PP about (NP myself))))) . '')) (TOP (S (NP-SBJ We) (VP can (VP applaud (NP (NP (NP Mr. Pryor 's) moment) (PP of (NP epiphany))) , (SBAR-TMP even as (S (NP-SBJ we) (VP understand (SBAR that (S (NP-SBJ (NP he) and (NP his confreres)) (VP need (NP restraint) (SBAR-ADV lest (S (NP-SBJ they) (VP kill (ADVP again)))))))))))) .)) (TOP (S (NP-SBJ (NP A good place) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP start (NP the rehabilitation) (ADVP-LOC *T*-1)))))) (VP is (NP-PRD (NP a `` legislative line-item veto '' bill) (VP (ADVP-TMP now) being (VP offered (NP *) (PP by (NP-LGS Indiana Senator Dan Coats)))))) .)) (TOP (S (NP-SBJ (NP The Coats bill) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP already) (VP has (NP 32 Senate co-sponsors)))) ,) (VP is n't (NP-PRD a pure line-item veto) (SBAR-PRP because (S (NP-SBJ it) (VP would (VP apply (ADVP only) (PP-CLR to (NP spending bills))))))) .)) (TOP (S (ADVP Instead) (NP-SBJ it) (VP 's (NP-PRD (NP a form) (PP of (NP `` (NP enhanced rescission) , '' (VP giving (NP a President) (NP a chance (S (NP-SBJ *) (VP to (VP rescind , or strike , (NP (NP specific spending items) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP just) (VP go (ADVP too far)))))))))))))) .)) (TOP (FRAG (S (PP-LOC Under (NP the proposal)) , (NP-SBJ a President) (VP would (VP have (NP a chance (S *ICH*-1)) (ADVP-TMP (ADVP twice) (NP-ADV each year)) (S-1 (NP-SBJ *) (VP to (VP return (NP (NP a package) (PP of `` (NP rescissions) '')) (PP-DIR to (NP the Hill)))))))) -- (FRAG (FRAG (ADVP once) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ he) (VP proposes (NP his budget) (ADVP-TMP *T*-2))))) and (FRAG (ADVP again) (SBAR-TMP after (S (NP-SBJ Congress) (VP disposes))))) .)) (TOP (S (S (NP-SBJ Congress) (VP would (VP have (NP (NP 20 days) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP reject (NP the package) (PP-MNR with (NP a (ADJP 50 %) majority)) (ADVP-TMP *T*-1))))))))) , but (S (ADVP then) (NP-SBJ a President) (VP could (VP veto (NP that rejection)))) .)) (TOP (S (NP-SBJ Congress) (VP would (ADVP-TMP then) (VP need (NP (NP the usual two-thirds majority) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP override (NP any veto)))))))) .)) (TOP (S (NP-SBJ The proposal) (VP would (VP restore (NP (NP some discipline) (VP erased (NP *) (PP-CLR from (NP the budget process)) (PP by (NP-LGS the 1974 Budget `` Reform '' Act)))))) .)) (TOP (S (PP-TMP Before (NP 1974)) , (NP-SBJ-1 a President) (VP could (VP `` (VP impound (NP *RNR*-2)) , '' or (VP refuse (S (NP-SBJ *-1) (VP to (VP spend (NP *RNR*-2))))) , (NP-2 (NP funds) (VP appropriated (NP *) (PP by (NP-LGS Congress)))))) .)) (TOP (S (S (NP-SBJ Presidents Kennedy and Johnson) (VP were both (NP-PRD (NP big users) (PP of (NP the impoundment power))))) , but (S (NP-SBJ Congress) (VP (VP saw (NP (NP its chance) (PP against (NP a weakened President Nixon)))) and (VP stripped (NP it) (PRT away)))) .)) (TOP (S (NP-TMP Today) (S (NP-SBJ a President) (VP can (ADVP still) (VP send (PRT up) (NP spending rescissions)))) , but (S (NP-SBJ they) (VP 're (ADJP-PRD meaningless) (SBAR-ADV unless (S (NP-SBJ Congress) (VP (VP has (NP a guilty conscience)) and (VP changes (NP its mind))))))) .)) (TOP (S (S (NP-SBJ This) (VP is (PP-PRD like (S-NOM (NP-SBJ *) (VP asking (NP-2 foxes) (S (NP-SBJ *-2) (VP to (VP feel (NP-PRD remorse) (PP about (NP chickens)))))))))) , and (S (ADVP naturally) (NP-SBJ-1 rescissions) (VP are (ADVP-TMP almost never) (VP approved (NP *-1)))) .)) (TOP (S (S (PP-TMP In (NP 1987)) , (NP-SBJ President Reagan) (VP sent (NP 73 rescissions) (ADVP-DIR back (PP to (NP the Hill))))) , but (S (NP-SBJ-1 (NP (QP only 3) %) (PP of (NP the spending total))) (VP was (VP approved (NP *-1) (PP by (NP-LGS Congress))))) .)) (TOP (S (NP-SBJ (NP Senator Coats 's) proposal) (VP would (VP let (S (NP-SBJ the proposed spending cuts) (VP take (NP-CLR place) (ADVP-MNR automatically) (SBAR-ADV unless (S (NP-SBJ Congress) (VP acts))))))) .)) (TOP (S (S (NP-SBJ-1 The Members) (VP could (ADVP still) (VP try (S (NP-SBJ *-1) (VP to (VP serve (NP their constituents) (PP-MNR with (NP special-interest goodies)))))))) , but (S (NP-SBJ (NP the police) (PRN -LRB- (PP in (NP (NP the form) (PP of (NP a President)))) -RRB-)) (VP would (VP be (ADVP-LOC-PRD there) (PP with (NP a straitjacket)) (SBAR-ADV if (S (NP-SBJ they) (ADVP really) (VP get (ADJP-PRD crazy) , (SBAR-ADV as (S (NP-SBJ they) (VP do (ADVP-TMP now)))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Coats) (VP plans (S (NP-SBJ *-1) (VP to (VP offer (NP his proposal) (PP-CLR as (NP (NP an amendment) (PP to (NP (NP a bill) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP raise (NP the federal debt limit))))))))) (PP-TMP before (NP (NP the end) (PP of (NP the month)))))))) .)) (TOP (S (S (NP-SBJ President Bush) (VP has (VP endorsed (NP the idea)))) , and (S (NP-SBJ-1 (QP at least 50) sitting Senators) (VP have (VP voted (S (NP-SBJ *-1) (VP to (VP support (NP enhanced rescission authority)))) (PP-TMP in (NP the past))))) .)) (TOP (S (S (NP-SBJ We) (VP 're (VP told (SBAR 0 (S (NP-SBJ Senator Pryor) (VP is n't (ADVP yet) (NP-PRD a co-sponsor))))))) , but (S (SBAR-ADV if (S (NP-SBJ-1 (NP he) and (NP his colleagues)) (VP are (ADJP-PRD serious (PP about (S-NOM (NP-SBJ *-1) (VP kicking (NP their compulsions)))))))) , (NP-SBJ they) (VP 'll (VP sign (PRT up)))) .)) (TOP (S (NP-SBJ (UCP Business and civic) operations) (VP lurched (ADVP-DIR back) (PP-DIR toward (NP normalcy)) (ADVP-LOC here) (SBAR-TMP as (S (NP-SBJ congressional officials) (VP estimated (SBAR that (S (NP-SBJ (NP the price tag) (PP for (NP (NP emergency assistance) (PP to (NP earthquake-ravaged California))))) (VP would (VP total (NP (QP at least $ 2.5 billion) *U*))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ That) (VP is (NP-PRD a minimum figure))) , and (S (NP-SBJ I) (VP underscore (NP minimum)))) , '' (VP said (S *T*-1)) (NP-SBJ-2 (NP House Speaker Thomas Foley) (PRN -LRB- (NP (NP D.) , (NP-LOC Wash .)) -RRB-)) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP conferring (PP-CLR with (NP California lawmakers))))) .)) (TOP (S `` (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD impossible) (S-1 (NP-SBJ *) (VP to (VP put (NP an exact figure) (PP-PUT on (NP it))))) (PP-TMP at (NP this time))) . '')) (TOP (S (NP-SBJ-1 (NP The Office) (PP of (NP Management and Budget))) (VP has (VP begun (S (NP-SBJ *-1) (VP looking (PP-CLR into (NP (NP legislation) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP provide (NP more funds) (PP-CLR for (NP earthquake repairs)))))))))))) .)) (TOP (S And (NP-SBJ-2 (NP (NP California 's) 45-member delegation) (PP-LOC in (NP the House))) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP propose (SBAR that (S (NP-SBJ-1 emergency funds) (VP be (VP added (NP *-1) (PP-CLR to (NP (NP a stop-gap spending bill) (SBAR (WHNP-3 that) (S (NP-SBJ-4 the House Appropriations Committee) (VP is (S (NP-SBJ *-4) (VP to (VP consider (NP *T*-3) (NP-TMP Monday)))))))))))))))))) .)) (TOP (S (PP For (NP the most part)) , (NP-SBJ (NP major corporations ') headquarters and plants) (VP were (UCP-PRD (ADJP-PRD unaffected) or (ADJP (ADVP only slightly) damaged) (PP by (NP (NP (NP Tuesday 's) earthquake) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP registered (NP 6.9) (PP on (NP the Richter scale))))))))) .)) (TOP (S (NP-SBJ (NP (NP One) (PP of (NP (NP the last big employers) (PP-LOC in (NP the Silicon Valley)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP report (PRT in)))))))) , (NP Seagate Technology) ,) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP expects (S (NP-SBJ *-2) (VP to (VP be (ADVP back) (PP-PRD at (NP full strength)) (NP-TMP Monday)))))))) .)) (TOP (S (NP-TMP (NP The day) (PP before (NP the quake))) , (NP-SBJ Seagate) (VP completed (NP (NP three days) (PP of (NP emergency training and drills)))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Echoing (NP (NP the response) (PP of (NP (NP almost all big corporations) (PP-LOC in (NP the Bay Area))))))) , (NP-SBJ-1 (NP Don Waite) , (NP (NP Seagate 's) chief financial officer) ,) (VP said , `` (S (NP-SBJ I) (VP would n't (VP expect (S (NP-SBJ this) (VP to (VP have (NP any significant financial impact)))))))) . '')) (TOP (S (NP-SBJ (NP (NP The city 's) recovery) (PP from (NP the earthquake))) (VP was (ADJP-PRD uneven)) .)) (TOP (S (S (NP-SBJ Banks) (VP indicated (SBAR 0 (S (NP-SBJ they) (VP were (VP operating (PP-CLR at (NP (NP (QP greater than 90) %) (PP of (NP their usual capacity)))))))))) , but (S (NP-SBJ a Nob Hill hotel) (VP said (SBAR 0 (S (NP-SBJ-1 tourists) (VP had (VP fled , (S-ADV (NP-SBJ *-1) (VP leaving (NP the previously full hotel) (PP-CLR with (NP an (ADJP 80 %) vacancy rate)))))))))) .)) (TOP (S (NP-SBJ City crews) (VP (VP tallied (NP (NP the wreckage) (PP to (NP buildings)))) , but (VP lacked (NP (NP a clear sense) (PP of (SBAR (WHADVP-2 how gravely) (S (NP-SBJ-1 transportation arteries) (VP were (VP disabled (NP *-1) (ADVP-MNR *T*-2))))))))) .)) (TOP (S (PP-LOC Among (NP (NP the city 's) banks)) , (NP-SBJ (NP Bank) (PP of (NP America))) (VP said (SBAR 0 (S (NP-SBJ (NP (QP all but eight)) (PP of (NP its 850 branches))) (VP were (ADJP-PRD open))))) .)) (TOP (S (NP-SBJ (NP The closed branches) , (PP-LOC in (NP (NP San Francisco) , (NP Hayward) , (NP Santa Clara) and (NP Santa Cruz))) ,) (VP sustained (NP structural damage)) .)) (TOP (S (NP-SBJ Power failures) (VP kept (S (NP-SBJ (NP (QP just seven)) (PP of (NP its 1,500 automated-teller machines))) (ADJP-PRD off-line))) .)) (TOP (S (S-TPC-3 (S (NP-SBJ-1 Securities-trading operations) (VP were (VP moved (NP *-1) (PP-DIR to (NP (NP (NP Bank) (PP of (NP America)) 's) Concord office))))) , and (S (NP-SBJ-2 foreign-exchange trading operations) (VP were (VP shifted (NP *-2) (PP-DIR to (NP Los Angeles)))))) , (NP-SBJ the bank) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Wells Fargo & Co.) (VP said (SBAR 0 (S (NP-SBJ (NP its Emergency Operations Committee) -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP met (NP-TMP all night) (NP-TMP Tuesday)))) --) (VP moved (NP its global-funds transfer system) (PP-DIR to (NP (NP (NP El Monte) , (NP Calif.)) , (PP-LOC (NP-ADV 500 miles) (PP to (NP the south))))))))) .)) (TOP (S (NP-SBJ (NP (QP Only five)) (PP of (NP 496 branches)) (ADVP-LOC statewide)) (VP remain (ADJP-PRD closed) , (SBAR-ADV while (S (NP-SBJ (NP 23) (PP of (NP 600 automated-teller machines))) (VP remained (PP-PRD out (PP of (NP order))))))) .)) (TOP (S (NP-SBJ The (ADJP most extensive) damage) (VP was (PP-LOC-PRD in (NP (NP small towns) (PP-LOC near (NP (NP (NP the quake 's) epicenter) , (ADVP-LOC (NP 80 miles) south (PP of (NP San Francisco)))))))) .)) (TOP (S (NP-SBJ Santa Cruz County) (VP estimates (NP total damage) (PP-CLR at (NP (QP nearly $ 600 million) *U*))) .)) (TOP (S (NP-SBJ Santa Clara County) (VP has (NP (NP a running total) (PP *ICH*-1)) (ADVP-TMP so far) (PP-1 of (NP (QP $ 504 million) *U*)) , (PP excluding (NP (NP the hard-hit city) (PP of (NP Los Gatos))))) .)) (TOP (S (S (NP-SBJ Oakland officials) (VP were (ADVP still) (ADJP-PRD uncertain (PP about (NP (NP the magnitude) (PP of (NP structural damage))))) (NP-TMP late yesterday))) ; (S (NP-SBJ (NP a section) (PP of (NP (NP I-880) , (NP a twotiered highway) ,))) (VP collapsed (PP-LOC in (NP Oakland)) , (S-ADV (NP-SBJ *) (VP causing (NP (NP a majority) (PP of (NP (NP the deaths) (VP resulting (PP-CLR from (NP the quake)))))))))) .)) (TOP (S (NP-SBJ San Francisco Mayor Art Agnos) (VP estimated (SBAR that (S (NP-SBJ (NP damages) (PP to (NP the city))) (VP total (NP (QP $ 2 billion) *U*))))) .)) (TOP (S (NP-SBJ That) (VP includes (NP (NP (NP dwellings) (PP-LOC in (NP the ravaged Marina district)) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP must (VP be (VP demolished (NP *-1))))))) , (NP (NP peeled business facades) (ADVP-LOC south (PP of (NP Market Street)))) , and (NP (NP houses) (PP-LOC in (NP (NP the city 's) outer Richmond district)) (SBAR (WHNP-4 that) (S (NP-SBJ-2 *T*-4) (VP were (VP heaved (NP *-2) (PP-DIR off (NP their foundations))))))))) .)) (TOP (S (S (NP-SBJ Many streets and sidewalks) (VP buckled)) , and (S (NP-SBJ subterranean water mains and service connections) (VP ruptured)) .)) (TOP (S (NP-SBJ The federal funds) (VP would (VP go (PP-DIR to (NP (NP a range) (PP of (NP programs)) , (PP including (NP (NP the Federal Emergency Management Agency) , (NP highway construction accounts) and (NP the Small Business Administration))) ,)) (PP according (PP to (NP (NP Rep. Vic Fazio) (PRN -LRB- (NP (NP D.) , (NP-LOC Calif .)) -RRB-)))))) .)) (TOP (S (NP-SBJ (NP FEMA) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP coordinates (NP federal disaster relief)))) ,) (VP is (ADVP already) (ADJP-PRD strapped (PP by (NP (NP the costs) (PP of (S-NOM (NP-SBJ *) (VP cleaning (PRT up) (PP-TMP after (NP (NP Hurricane Hugo) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP hit (NP the Carolinas) (NP-TMP last month))))))))))))) .)) (TOP (S (NP-SBJ-2 It) (VP (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP get (NP (NP (QP as much as $ 800 million) *U*) (PP *ICH*-1)) (ADVP-TMP initially) (PP-1 in (NP additional funds))))))) , and (VP (ADVP-TMP eventually) could (VP get (NP (QP more than $ 1 billion) *U*))) , (PP according (PP to (NP (NP Mr. Fazio) , (NP (NP a member) (PP of (NP the House Appropriations Committee))))))) .)) (TOP (S (NP-SBJ White House spokesman Marlin Fitzwater) (VP said (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP enough money) (PP-LOC on (NP hand)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP deal (PP-CLR with (NP immediate requirements))))))))))) .)) (TOP (S (NP-SBJ The Bush administration) (VP has (PP-CLR at (NP its disposal)) (NP (NP (QP $ 273 million) *U*) (PP in (NP funds)) (VP remaining (PP from (NP (NP the (QP $ 1.1 billion) *U*) (SBAR (WHNP-1 0) (S (NP-SBJ Congress) (VP released (NP *T*-1) (PP for (NP the cleanup)) (PP-TMP after (NP Hurricane Hugo)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP feel (SBAR 0 (S (NP-SBJ we) (VP have (NP (NP the money) (ADJP necessary (S (NP-SBJ *) (VP to (VP handle (NP the immediate , short-term requirements))))))))))) , '' (NP-SBJ Mr. Fitzwater) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ (NP (NP the Office) (PP of (NP Management and Budget))) , (NP the Transportation Department) and (NP other agencies)) (VP are `` (VP developing (NP (NP longer-term legislation) '' (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP should (VP be (ADJP-PRD ready) (ADVP-TMP soon))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Much) (PP of (NP (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP cleaning (PRT up) (PP-CLR after (NP the earthquake)))))))) (VP will (VP involve (S (NP-SBJ *-1) (VP repairing (NP highways and bridges))))) .)) (TOP (S (NP-SBJ California lawmakers) (VP are (VP seeking (NP (NP changes) (PP-LOC in (NP (NP rules) (VP governing (NP the federal highway relief program))))) (SBAR-PRP so (S (NP-SBJ-1 more money) (VP can (VP be (VP made (S (NP-SBJ *-1) (ADJP-PRD available (PP for (NP the state))))))))))) .)) (TOP (S (NP-SBJ-1 Some things) (VP ca n't (VP be (VP repaired (NP *-1)))) .)) (TOP (S (NP-SBJ (NP The Asian Art Museum) (PP-LOC in (NP Golden Gate Park))) (VP reports (NP (NP (QP $ 10 million to $ 15 million) *U*) (PP in (NP damage)) , (PP including (NP shattered porcelains and stone figures)))) .)) (TOP (S (NP-SBJ (NP Its neighbor) , (NP the De Young Museum) ,) (VP totaled (NP (NP (QP $ 3 million to $ 5 million) *U*) (PP in (NP (NP structural damage) and (NP shattered sculpture))))) .)) (TOP (S (S (NP-SBJ-1 (NP The city 's) main library) (VP is (VP closed (NP *-1) (PP-PRP because of (NP (NP fissures) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP opened (PP-LOC in (NP its walls)))))))))) , and (S (NP-SBJ (NP (NP marble facings) and (NP ornamental plaster)) (PP-LOC at (NP the Beaux Arts City Hall))) (VP broke (PRT off) (PP-LOC in (NP the temblor)))) .)) (TOP (S (NP-SBJ (NP The ground) (PP-LOC along (NP (NP the Embarcadero) (NP (NP the street) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP skirts (NP (NP the city 's) (NX (NX eastern boundary) and (NX piers))))))) --))) (VP dropped (NP-EXT six inches) (PP-TMP after (NP the quake)) , (S-ADV (NP-SBJ *) (VP wreaking (NP major damage) (PP-CLR to (NP (NP (QP at least one)) (PP of (NP the piers))))))) .)) (TOP (S (PP-LOC At (NP San Francisco International Airport)) , (NP-SBJ-1 shock waves) (VP wrecked (NP the control tower) , (S-ADV (NP-SBJ *-1) (VP (VP knocking (ADVP-DIR down) (NP computers)) and (VP shattering (NP glass))))) .)) (TOP (S (NP-SBJ-1 (NP Offices) (PP of (NP (NP the city 's) Rent Board))) (VP were (VP destroyed (NP *-1))) .)) (TOP (S (NP-SBJ (NP Mayor Agnos 's) (ADJP (QP $ 2 billion) *U*) estimate) (VP does n't (VP include (NP (NP damage) (PP to (NP (NP freeway arteries) (VP leading (PP-DIR into (NP the city))) , (SBAR (WHNP-1 (WHNP some) (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP remained (ADJP-PRD closed))))))))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ-1 (NP A major chunk) (PP of (NP the (QP $ 2 billion) *U*))) (VP is (VP expected (S (NP-SBJ-2 *-1) (VP to (VP be (VP eaten (PRT up) (NP *-2) (PP by (NP-LGS (NP overtime) (PP for (NP (NP city workers) (VP deployed (NP *) (PP-LOC in (NP the emergency)))))))))))))) , (VP said (SBAR 0 (S *T*-3))) (NP-SBJ (NP a spokesman) (PP for (NP Mr. Agnos))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP All) (PP of (NP (NP the city 's) (ADJP (QP $ 5.9 million) *U*) emergency reserve))) (VP was (VP spent (PP-TMP in (NP the first 24 hours)) '' (PP-CLR on (NP overtime salaries))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 Insurers) (VP struggled (X to) (S (NP-SBJ *-1) (VP to (VP get (NP (NP a firm grasp) (PP on (NP (NP the volume) (PP of (NP claims)) (VP pouring (PP-DIR into (NP their offices)))))))))) .)) (TOP (S (PP-LOC At (NP (NP Fireman 's) Fund Corp.)) , (NP-SBJ a spokesman) (VP said (SBAR 0 (S (S (NP-SBJ-1 142 claims) (VP were (VP received (NP *-1) (PP-TMP in (NP (NP the first 24 hours) (PP-TMP after (NP the quake))))))) , and (S (NP-SBJ-2 the company) (VP is (VP braced (NP *-2) (PP-CLR for (NP (NP (QP as many as 5,000) claims) (PP from (NP (NP its (NX (NX 35,000 residential (NX *RNR*-3)) and (NX 35,000 business (NX *RNR*-3)) (NX-3 policyholders))) (PP-LOC in (NP the affected area)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Claims) (VP range (PP-CLR (PP from (NP (NP a scratched fender) (PRN -- and (S (NP-SBJ there) (VP were (NP-PRD (NP an awful lot) (PP of (NP (NP cars) (VP damaged (NP *) (PP-LOC in (NP this)))))))) --))) (PP to (NP a major processing plant))))) , '' (NP-SBJ a spokesman) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ We) (VP 're (VP delivering (NP (NP a check) (PP for (NP $ 750,000 *U*))) (PP-DIR to (NP (NP an automotive business) (PP-LOC in (NP Berkeley)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP burned (PP-TMP on (NP Tuesday))))))))) . '')) (TOP (S (NP-SBJ Fireman 's) (VP is (NP-PRD (NP part) (PP of (NP (NP a (ADJP (QP $ 38 million) *U*) syndicate) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP supplies (NP (NP business interruption insurance) (PP *ICH*-1) (SBAR *PPA*-2)) (PP-CLR to (NP (NP the city) (SBAR *PPA*-2))) (PP-1 on (NP the Bay Bridge))))) , (SBAR-2 (WHNP-4 which) (S (NP-SBJ *T*-4) (VP must (VP pay (NP employees) (PP-TMP during (NP (NP the three weeks (QP or more)) (SBAR (WHADVP-5 0) (S (NP-SBJ-6 it) (VP is (VP expected (S (NP-SBJ-7 *-6) (VP to (VP be (UCP-PRD (PP out (PP of (NP service))) and (VP deprived (NP *-7) (PP-CLR of (NP toll income)))) (ADVP-TMP *T*-5)))))))))))))))))) .)) (TOP (S (NP-SBJ-1 California lawmakers) (VP want (S (NP-SBJ *-1) (VP to (VP eliminate (ADVP-TMP temporarily) (NP (NP (NP a (ADJP (QP $ 100 million) *U*) cap) (PP on (NP (NP the amount) (PP of (NP federal highway relief)))) (PP for (NP each state)) (PP for (NP each disaster))) , (CONJP as well as) (NP (NP a prohibition) (PP on (S-NOM (NP-SBJ *) (VP using (NP the emergency highway aid) (S-CLR (NP-SBJ *) (VP to (VP repair (NP toll roads))))))))))))) .)) (TOP (S (PP In (NP addition)) , (PP-LOC under (NP the highway-relief program)) , (NP-SBJ the federal government) (VP provides (NP (NP 100 %) (PP of (NP emergency highway aid))) (PP-TMP for (NP (NP only the first 90 days) (PP of (NP a repair effort))))) .)) (TOP (S (PP-TMP After (NP that)) , (NP-SBJ the federal share) (VP diminishes) .)) (TOP (S (PP For (NP interstate highways)) , (S (NP-SBJ the federal share) (ADVP normally) (VP would (VP drop (PP-DIR to (NP (NP 90 %) (PP of (NP (NP the cost) (PP of (NP repairs))))))))) , and (S (NP-SBJ-1 the state) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP pick (PRT up) (NP (NP the remainder) (PP of (NP the cost))))))))) .)) (TOP (S But (NP-SBJ-1 lawmakers) (VP want (S (NP-SBJ *-1) (VP to (VP extend (NP (NP the period) (PP for (NP (ADJP 100 %) federal funding))) (PP for (NP several months)))))) .)) (TOP (S (NP-SBJ Those changes) (ADVP also) (VP would (VP apply (PP-CLR to (NP (NP (NP two areas) (VP hit (NP *) (ADVP-MNR hard) (PP by (NP-LGS Hurricane Hugo)))) -- (NP (NP South Carolina) and (NP the U.S. Virgin Islands)))) , (PP according (PP to (NP (NP an aide) (PP to (NP Rep. Fazio))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ the FEMA) (VP announced (NP (NP a toll-free telephone number) (PRN -LRB- (NP 800-462-9029) -RRB-) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP expedite (NP (NP service) (PP to (NP (NP victims) (PP of (NP the earthquake))))))))))) .)) (TOP (S (NP-SBJ (NP Lines) (SBAR *ICH*-2)) (VP will (VP be (ADJP-PRD available) (NP-TMP (NP 24 hours) (NP-ADV a day)) (SBAR-2 (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP take (NP (NP applications) (PP for (NP (NP such disaster relief) (PP as (NP (NP temporary housing) and (NP emergency home repairs)))))) (PP-MNR by (NP phone)))))))) .)) (TOP (S (NP-SBJ Transportation officials) (VP are (VP expecting (NP (NP utter traffic pandemonium) (VP (VP beginning (NP-TMP Monday)) and (VP growing (ADJP-PRD worse) (PP-TMP over (NP the next several weeks))))))) .)) (TOP (S (NP-SBJ (QP Some 250,000) cars) (ADVP normally) (VP cross (NP (NP the closed Bay Bridge) (PP between (NP (NP Oakland) and (NP San Francisco)))) (ADVP-TMP daily)) .)) (TOP (S (NP-SBJ Officials) (VP say (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD clear) (SBAR-1 that (S (NP-SBJ alternate routes) (VP ca n't (VP handle (NP the overflow))))))))) .)) (TOP (S (NP-SBJ-2 The state) (VP (VP is (VP calling (PRT in) (NP (NP a flotilla) (PP of (NP (NP navy landing vessels) and (NP other boats))) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP expand (NP (NP ferry service) (PP-DIR across (NP the bay)))))))))) and (VP hopes (S (NP-SBJ *-2) (VP to (VP add (NP numerous new bus routes and train departures))))) (S-PRP (NP-SBJ *-2) (VP to (VP help (VP alleviate (NP the traffic problem)))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ state officials) (VP are (VP urging (NP-1 freight haulers) (S (NP-SBJ *-1) (VP (VP to (VP bypass (NP (NP many) (PP of (NP (NP the area 's) main highways))))) and (VP to (VP travel (UCP-TMP (ADVP late (PP at (NP night))) or (PP during (NP predawn hours))))))))) .)) (TOP (SINV (S-TPC-1 (ADVP Even so) , `` (NP-SBJ We) (VP 're (VP looking (PP-CLR for (NP chaos))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP George Gray) , (NP (NP a deputy district director) (PP-LOC at (NP (NP the California Department) (PP of (NP Transportation)))))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ there) (VP 's (NP-PRD (NP any way) (SBAR (WHADVP-2 0) (S (NP-SBJ you) (VP can (VP do (NP it) (ADVP-MNR *T*-2))))))))) , (NP-SBJ-1 you) (VP ought (S (NP-SBJ *-1) (VP to (VP (VP go (PP-DIR to (NP Idaho))) and (VP go (NP fishing) (PP-TMP for (NP a while))))))) . '')) (TOP (S (NP-SBJ (NP Most) (PP of (NP (NP San Francisco 's) tourists and business travelers))) (ADVP already) (VP have (VP left -- (PP despite (NP (NP (NP hotel 's) offers) (PP of (NP rate cuts)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Everyone) (VP left)) , '' (VP said (S *T*-1)) (NP-SBJ (NP Peter Lang) , (NP (NP reservations manager) (PP of (NP the Mark Hopkins Hotel)))) .)) (TOP (S (NP-SBJ (NP The Westin St. Francis hotel) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP survived (NP the 1906 earthquake and fire)))) ,) (ADVP-TMP currently) (VP is (ADJP-PRD (NP-ADV (QP less than 50) %) occupied)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (ADVP still) (VP have (NP our die-hard baseball fans))) , '' (NP-SBJ a spokesman) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ (NP One lady) (PP from (NP New York))) (VP said (SBAR 0 (S (NP-SBJ she) (VP 's not (VP going (ADVP-DIR home) (SBAR-TMP until (S (NP-SBJ the -LCB- World Series -RCB-) (VP is (ADVP-PRD over))))))))) . '')) (TOP (S (NP-SBJ (NP (NP Gerald F. Seib) and (NP Joe Davidson)) (PP-LOC in (NP Washington))) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (SQ Is (NP-SBJ (NP an American Secretary) (PP of (NP State))) (VP (ADVP-MNR seriously) suggesting (SBAR that (S (NP-SBJ-1 the Khmer Rouge) (VP should (VP help (S (NP-SBJ *-1) (VP govern (NP Cambodia)))))))) ?)) (TOP (ADVP Apparently so .)) (TOP (S (S (NP-SBJ There) (VP are (NP-PRD no easy choices) (PP-LOC in (NP Cambodia)))) , but (S (NP-SBJ we) (VP ca n't (VP imagine (SBAR that (S (NP-SBJ (NP it) (S *EXP*-2)) (VP benefits (NP-3 the U.S.) (S-2 (NP-SBJ *-3) (VP to (VP become (NP-PRD (NP the catalyst) (PP for (NP (NP an all-too-familiar process) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP end (PP-CLR in (NP (NP another round) (PP of (NP horror)) (PP-LOC in (NP Cambodia)))))))))))))))))))) .)) (TOP (S (SBAR (ADVP Now) that (S (NP-SBJ-1 Vietnam) (VP appears (S (NP-SBJ *-1) (VP to (VP have (VP pulled (PRT out) (NP its occupation army)))))))) , (NP-SBJ-2 the State Department) (VP is (VP talking (ADVP-TMP again) (PP-CLR about (S-NOM (NP-SBJ *-2) (VP accepting (NP (NP an `` interim '' coalition government) (PP-LOC in (NP (NP the Cambodian capital) (PP of (NP Phnom Penh)))))))))) .)) (TOP (S (NP-SBJ The coalition) (VP would (VP include (NP (NP the current Vietnamese-backed Hun Sen regime) , (NP (NP the two non-communist resistance groups) (VP led (NP *) (PP by (NP-LGS (NP Son Sann) and (NP Prince Sihanouk))))) , and (NP the Khmer Rouge)))) .)) (TOP (S (NP-SBJ The aim) (VP would (VP be (S-PRD (NP-SBJ-1 *) (VP to (VP end (NP (NP the guerrilla war) (PP for (NP (NP control) (PP of (NP Cambodia))))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP allowing (NP the Khmer Rouge) (NP (NP a small share) (PP of (NP power))))))))))) .)) (TOP (S (NP-SBJ The State Department) (VP says (SBAR that (S (NP-SBJ-1 any Khmer Rouge participation) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP be `` (ADJP-PRD minimal))))))))) . '')) (TOP (S (NP-SBJ (NP The usual problem) (PP with (S-NOM (NP-SBJ *) (VP including (NP communists) (PP-CLR in (NP `` interim '' coalition governments)))))) (VP is (SBAR-PRD that (S (NP-SBJ their ideology and methods) (VP require (SBAR 0 (S (NP-SBJ they) (VP squeeze (PRT out) (NP (NP everyone) (ADJP else))))))))) .)) (TOP (S (NP-SBJ *) (VP Recall (SBAR that (S (NP-SBJ (NP Nicaragua 's) Sandinistas) (VP came (PP-DIR into (NP Managua)) (PP as (NP (NP partners) (PP-LOC in (NP a coalition government)) (PP with (NP anti-Somoza moderates)))))))) .)) (TOP (S (PP-TMP Within (NP two years)) , (S (NP-SBJ-1 the moderates) (VP were (UCP-PRD (VP exiled (NP *-1)) or (PP-LOC in (NP prison))))) , (S (NP-SBJ Nicaragua) (VP had (VP gone (ADJP-PRD communist)))) , and (S (NP-SBJ the Sandinistas) (VP were (VP (VP building (NP (NP one) (PP of (NP (NP the biggest armies) (PP-LOC in (NP Latin America)))))) and (VP threatening (NP their neighbors))))) .)) (TOP (S (PP-LOC In (NP Laos)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the Western powers) (VP bowed (PP-CLR to (NP (NP pressure) (PP for (NP such a coalition)))) (ADVP-TMP *T*-1)))) (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP turned (PRT out) (SBAR-2 0 (S (NP-SBJ they) (VP were (VP opening (NP the door) (PP-CLR to (NP communist domination))))))) .)) (TOP (S (NP-SBJ Even (NP Mao Tse-tung 's) China) (VP began (PP-TMP in (NP 1949)) (PP with (NP (NP a partnership) (PP between (NP (NP the communists) and (NP (NP a number) (PP of (NP smaller , non-communist parties)))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP complicates (NP (NP the scene) (PP-LOC in (NP Cambodia)))))) (VP is (SBAR-PRD that (S (NP-SBJ the current regime) (VP is (ADVP-TMP already) (ADJP-PRD communist) , (SBAR-ADV as (SINV (VP are (ADJP-PRD *?*)) (NP-SBJ (NP its Vietnamese overseers) (PP-LOC back in (NP Hanoi))))) , (SBAR-ADV as (SINV (VP are (ADJP-PRD *?*)) (NP-SBJ (NP the Khmer Rouge) -- (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP are (NP-PRD (NP the strongest) (PP of (NP the three guerrilla groups))))))))))))) .)) (TOP (S (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP 's (ADJP-PRD not clear) (SBAR-2 (WHNP-1 (NP which crew) (PP of (NP communists))) (S (NP-SBJ *T*-1) (VP might (VP prevail (PP-LOC in (NP a coalition government)))))))) , but (S (NP-SBJ the one good bet) (VP is (SBAR-PRD that (S (NP-SBJ the non-communists) (VP would (VP disappear)))))) .)) (TOP (S (NP-SBJ That) (VP would (VP leave (NP (NP Hun Sen) and (NP the Khmer Rouge)))) .)) (TOP (S (NP-SBJ The Hun Sen regime) (VP has (VP sent (S (NP-SBJ-1 (NP thousands) (PP of (NP conscript laborers))) (VP to (VP die (PP-CLR of (NP malaria and malnourishment)) (SBAR-TMP while (S (NP-SBJ *-1) (VP building (NP (NP (NP Cambodia 's) equivalent) (PP of (NP the Berlin Wall))) (PP-LOC near (NP the Thai border)))))))))) .)) (TOP (S (NP-SBJ The Khmer Rouge) , (ADVP however) , (VP carry (NP (NP an unsurpassed record) (PP for (NP Cambodian tyranny)))) .)) (TOP (S (NP-SBJ These utopians) (VP caused (NP (NP the deaths) (PRN -- (PP by (NP starvation , disease or execution)) --) (PP of (NP (QP well over one million) Cambodians)))) .)) (TOP (S (NP-SBJ The Cambodian horror) (VP was (ADJP-PRD (ADJP so bad) (SBAR that (S (NP-SBJ (NP the Vietnamese occupation) (PP-TMP in (NP 1978))) (VP was (NP-PRD (NP a perverse form) (PP of (NP relief)))))))) .)) (TOP (S (NP-SBJ-1 The world) (VP might (VP want (S (NP-SBJ *-1) (VP to (VP believe (SBAR that (S (NP-SBJ the Khmer Rouge) (VP ca n't (ADVP-TMP still) (VP be (NP-PRD such bad guys)))))))) , (SBAR-ADV just as (S (PP-TMP in (NP the late 1970s)) (NP-SBJ-2 it) (VP was (ADJP-PRD reluctant (S (NP-SBJ *-2) (VP to (VP credit (NP (NP the reports) (PP of (NP (NP genocide) (VP (ADVP-TMP then) taking (NP place)))))))))))))) .)) (TOP (S But (NP-SBJ there) (VP is (NP-PRD no solid evidence (SBAR that (S (NP-SBJ the Khmer Rouge) (VP have (VP changed)))))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP (NP our sources) (PP-LOC in (NP Thailand))))) (VP say (SBAR 0 (S (NP-SBJ-1 (NP the notorious old Khmer Rouge leader) , (NP Pol Pot) ,) (VP has (VP been (VP holed (NP *-1) (PRT up) (NP-TMP this summer) (PP-LOC in (NP (NP Khmer Rouge camps) (PP-LOC near (NP the Thai-Cambodian border)))))))))) .)) (TOP (S So (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (ADJP-PRD difficult) (S-2 (NP-SBJ *) (VP to (VP swallow (NP the notion (SBAR that (S (NP-SBJ-3 Mr. Baker) (VP is (ADJP-PRD willing (S (NP-SBJ *-3) (VP to (VP accept (NP (NP conditions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP help (S (NP-SBJ the Khmer Rouge) (VP set (PRT up) (NP shop) (ADVP-TMP again) (PP-LOC in (NP Phnom Penh))))))))))))))))))))) .)) (TOP (S (ADVP True) , (NP-SBJ Prince Sihanouk) (VP backs (NP (NP the idea) (PP of (NP such a coalition))) , (PP-TMP (ADVP at least) for (NP this week))) .)) (TOP (S But (NP-SBJ Prince Sihanouk) (VP has (VP (VP backed (NP (NP all sorts) (PP of (NP ideas))) (PP-TMP over (NP the years))) , and (VP done (ADVP (ADVP rather better) (PP by (NP himself)) (PP than (PP by (NP Cambodia))))))) .)) (TOP (SINV Nor should (NP-SBJ-2 the U.S.) (VP worry (ADVP much) (PP-CLR about (S-NOM (NP-SBJ *-2) (VP offending (NP (NP China) , (SBAR (WHNP-1 which) (S (ADVP-TMP still) (NP-SBJ *T*-1) (VP aids (NP the Khmer Rouge))))))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP time) (SBAR (WHADVP-1 0) (S (NP-SBJ the State Department) (VP recognized (SBAR that (S (NP-SBJ China) (VP does not (VP play (PP-MNR by (NP (NP gentlemen 's) rules)))))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (SBAR-NOM-SBJ For (S (NP-SBJ the U.S.) (VP to (VP lend (NP even the slightest support) (PP-DTV to (NP (NP the (ADJP most infamous) killers) (PP-LOC on (NP (NP Indochina 's) bleak scene)))))))) (VP could (ADVP only) (VP disturb (NP (NP (NP America 's) allies) (ADVP-LOC elsewhere)))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP would (VP be (ADJP-PRD entirely rational) (SBAR-1 for (S (NP-SBJ (NP communist insurgents) (PP-LOC in (NP (NP countries) (PP such as (NP (NP the Philippines) or (NP Peru)))))) (VP to (VP conclude (NP (NP the following) : (S (S (NP-SBJ *) (VP Fight (ADVP-MNR viciously enough))) and (S (NP-SBJ the U.S.) , (PP under (NP (NP the banner) (PP of (NP pragmatism)))) , (VP might (ADVP-TMP eventually) (VP help (S (NP-SBJ *) (VP negotiate (NP (NP your way) (PP to (NP victory)))))))))))))))) .)) (TOP (S (S (NP-SBJ U.S. diplomacy) (VP has (VP done (NP it) (ADVP-TMP before)))) , and (S (NP-SBJ it) (VP will (ADVP likely) (VP do (NP it) (ADVP-TMP again)))) .)) (TOP (S (NP-SBJ (NP The administration) and (NP Congress)) (VP have (ADVP-TMP lately) (VP tangoed (PP-CLR around (NP (NP the idea) (PP of (S-NOM (NP-SBJ *) (VP sending (NP military aid) (PP-DTV to (NP (NP Cambodia 's) non-communists))))))))) .)) (TOP (S But (ADVP-TMP now) (NP-SBJ (NP the possibility) (PP of (NP `` (NP diplomatic movement) '' (PRN -LRB- (NP (NP (NP Vietnam 's) withdrawal) , (NP the Baker initiative)) -RRB-)))) (VP has (VP put (NP that plan) (PP-PUT on (NP hold)) , (PP with (NP the proviso (SBAR that (S (SBAR-ADV if (S (NP-SBJ the going) (VP got (ADJP-PRD rough)))) , (NP-SBJ the U.S.) (VP would (ADVP-TMP then) (VP rearm (NP the opposition))))))))) .)) (TOP (FRAG (WHADVP Why) (NP the timidity) ?)) (TOP (S (PP At (NP the very least)) , (NP-SBJ-1 the odds) (VP are (VP (ADVP-MNR heavily) weighted (NP *-1) (PP against (NP (NP the prospects) (PP of (S-NOM (NP-SBJ *) (VP preventing (NP-2 (NP the Khmer Rouge) and (NP (NP Cambodia 's) communists)) (PP-CLR from (S-NOM (NP-SBJ *-2) (ADVP-TMP ultimately) (VP moving (PP-CLR against (NP their opponents)))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ that day) (VP comes (ADVP-TMP *T*-1)))) , (NP-SBJ (NP it) (S *EXP*-2)) (VP would (VP be (ADJP-PRD particularly awful) (S-2 (NP-SBJ *) (VP to (VP know (SBAR that (S (NP-SBJ the United States) (VP (VP sat (PP-CLR on (NP military aid))) and (VP deprived (NP these people) (PP-CLR of (NP (NP the means) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP settle (NP their fate) (PP with (NP (ADVP at least) a little honor)) (ADVP-MNR *T*-3)))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Michael F. Harris) , (NP 53) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP executive vice president) , (NP-LOC North America) , (PP for (NP (NP the Financial Times) , (NP (NP the business newspaper) (VP published (NP *) (PP by (NP-LGS (NP this company) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (ADVP also) (VP has (NP (NP interests) (PP in (NP (NP book publishing) , (NP fine china) , (NP oil services) and (NP investment banking))))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Harris) (VP had (VP been (NP-PRD (NP vice president) (PP for (NP (NP (NP the newspaper 's) advertising) (PP-LOC in (NP New York))))))) .)) (TOP (S (NP-SBJ He) (VP takes (NP (NP additional responsibility) (PP for (NP (NP (NP newspaper sales) and (NP (NP distribution) (PP of (NP the Financial Times)))) (PP-LOC in (NP North America)))))) .)) (TOP (S (NP-SBJ-2 (NP Laurance V. Allen) , (NP 44) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP been (NP-PRD (NP director) (PP for (NP North America))))))) ,) (VP resigned (S-PRP (NP-SBJ *-2) (VP to (VP (VP pursue (NP other business interests)) and (VP do (NP some consulting)))))) .)) (TOP (S (NP-SBJ Cipher Data Products Inc.) (VP posted (NP (NP a net loss) (PP of (NP (NP (QP $ 14.2 million) *U*) , or (NP (NP 97 cents) (NP-ADV a share)) ,)) (PP for (NP its fiscal first quarter)) , (PP compared (PP with (NP (NP net income) (PP of (NP (NP (QP $ 3.8 million) *U*) , or (NP (NP 27 cents) (NP-ADV a share)) ,)) (ADVP-TMP (NP a year) ago)))))) .)) (TOP (S (NP-SBJ (NP Revenue) (PP for (NP (NP the quarter) (VP ended (NP-TMP Sept. 30))))) (VP fell (NP-EXT 20 %) , (PP-DIR to (NP (QP $ 41.3 million) *U*)) (PP-DIR from (NP (NP (QP $ 51.9 million) *U*) (PP-TMP in (NP the year-earlier period))))) .)) (TOP (S (NP-SBJ (NP Cipher Data) , (NP (NP a San Diego maker) (PP of (NP (NP magnetic tape peripherals) and (NP optical disc drives)))) ,) (VP said (SBAR 0 (S (NP-SBJ the loss) (VP included (NP (NP reserves) (PP of (NP (QP $ 3.8 million) *U*)) (ADJP related (PP to (NP a corporate restructuring)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 The restructuring) (VP calls (PP-CLR for (NP (NP a (ADJP 24 %) reduction) (PP-LOC in (NP its work force)) (PP-TMP over (NP the next two months)))) , (S-ADV (NP-SBJ *-2) (VP affecting (NP about 525 jobs))))) , (NP-SBJ Cipher Data) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ It) (VP is (VP eliminating (NP (NP the positions) (PP of (NP (NP president) and (NP chief operating officer))) , (VP (ADVP-TMP formerly) held (NP *) (PP by (NP-LGS Edward L. Marinaro)))))) .)) (TOP (S (NP-SBJ Cipher Data) (VP said (SBAR 0 (S (NP-SBJ Mr. Marinaro) (ADVP-PRP consequently) (VP has (VP resigned (PP-CLR (PP from (NP those posts)) and (PP from (NP (NP the company 's) board)))))))) .)) (TOP (S (NP-SBJ-1 Mr. Marinaro) (VP could n't (ADVP-TMP immediately) (VP be (VP reached (NP *-1) (PP-PRP for (NP comment))))) .)) (TOP (S (NP-SBJ (NP FileNet Corp.) , (NP-LOC (NP Costa Mesa) , (NP Calif.)) ,) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP expects (S (NP-SBJ *-2) (VP to (VP report (NP (NP a third-quarter loss) (PP of (NP (NP (QP about $ 1.8 million) *U*) , or (NP (NP 17 cents) (NP-ADV a share)) ,)))))) (PP-PRP because of (NP (NP a (ADJP (QP $ 2.5 million) *U*) reserve) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP taken (NP *-1) (PP against (NP (NP potential losses) (PP on (NP (NP a contract) (PP with (NP (NP the state) (PP of (NP California))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Revenue) (VP is (VP estimated (NP *-1) (PP-CLR at (NP (QP $ 18.6 million) *U*)))) .)) (TOP (S (NP-SBJ (NP The maker) (PP of (NP document image processing equipment))) (VP said (SBAR 0 (S (NP-SBJ the state procurement division) (VP had (VP declared (S (NP-SBJ FileNet) (PP-PRD in (NP (NP default) (PP on (NP (NP its contract) (PP with (NP the (NAC (NP secretary) (PP of (NP state))) uniform commercial code division)))))))))))) .)) (TOP (S (NP-SBJ FileNet) (VP (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP does n't (VP believe (SBAR 0 (S (NP-SBJ the state) (VP has (NP (NP a valid basis) (PP of (NP default)))))))) and (VP is (VP reviewing (NP (NP its legal rights) (PP-LOC under (NP the contract))))))))) , but (VP said (SBAR 0 (S (NP-SBJ it) (VP ca n't (VP predict (NP (NP the outcome) (PP of (NP the dispute))))))))) .)) (TOP (S (NP-SBJ The disagreement) (VP centers (PP-CLR on (NP (NP testing deadlines) and (NP (NP other issues) (VP involving (NP (NP a FileNet system) (VP installed (NP *) (NP-TMP (ADVP earlier) this year)))))))) .)) (TOP (S (NP-SBJ-1 State officials) (VP could n't (VP be (VP reached (NP *-1) (PP-PRP for (NP comment)) (NP-TMP late yesterday)))) .)) (TOP (S (NP-SBJ FileNet) (VP noted (SBAR that (S (S (NP-SBJ it) (VP had (NP (NP (NP cash) and (NP marketable securities)) (VP totaling (NP (QP $ 22.5 million) *U*))) (PP-TMP on (NP Sept. 30)))) , and (S (NP-SBJ (NP stockholders ') equity) (VP is (NP-PRD (QP $ 60.1 million) *U*)))))) .)) (TOP (S (NP-SBJ The company) (VP made (NP the announcement) (PP-TMP after (NP (NP the close) (PP of (NP (NP the markets) , (SBAR (WHADVP-1 where) (S (NP-SBJ its stock) (VP finished (PP-CLR at (NP $ 10.75 *U*)) , (ADVP up (NP 25 cents)) , (PP-LOC in (NP over-the-counter trading)) (ADVP-LOC *T*-1))))))))) .)) (TOP (S (NP-SBJ Clinton Gas Systems Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP a contract (S *ICH*-1)) (PP-CLR from (NP (NP Timken Co.) , (NP-LOC Canton , Ohio) ,)) (S-1 (NP-SBJ *) (VP to (VP manage (NP the natural gas purchasing , scheduling and transportation activities) (PP for (NP (NP Timken 's) (NX (NX seven Ohio (NX *ICH*-2)) and (NX two Pennsylvania (NX *ICH*-2)) (NX-2 plants))))))))))) .)) (TOP (S (NP-SBJ-1 Clinton and Timken) (VP agreed (S (NP-SBJ *-1) not (VP to (VP disclose (NP (NP the value) (PP of (NP the contract))))))) .)) (TOP (S (NP-SBJ (NP Timken) , (NP (NP a producer) (PP of (NP (NP bearings) and (NP specialty steel)))) ,) (ADVP-TMP already) (VP buys (NP gas) (PP-CLR from (NP Clinton))) .)) (TOP (S (NP-SBJ Clinton) (VP said (PP-LOC in (NP Columbus , Ohio ,)) (SBAR that (S (NP-SBJ-1 its Clinton Gas Marketing unit) (VP wants (S (NP-SBJ *-1) (VP to (VP line (PRT up) (NP (NP a number) (PP of (NP such gas management contracts)))))))))) .)) (TOP (S-2 (S (NP-SBJ Manufacturers) (ADVP-TMP frequently) (VP do n't (VP have (NP (NP anyone) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP a specialist) (PP in (NP natural gas)))))))))) (PRN , (S (NP-SBJ Clinton) (VP said (SBAR 0 (S *T*-2)))) ,) and (S (NP-SBJ (NP a specialist) (PP such as (NP Clinton))) (VP can (VP save (NP them) (NP (NP substantial amounts) (PP of (NP money)))))) .)) (TOP (S (NP-SBJ The scene) (VP opens (PP with (NP (NP pinstripe-suited executives) (PRN -- (NP (NP Easterners) , (ADVP obviously)) --) (VP (VP glued (NP *) (PP-CLR to (NP cellular phones))) and (VP hightailing (NP it) (PP-DIR out (PP of (NP town))) (PP-LOC in (NP chauffeur-driven limousines))))))) .)) (TOP (S-1 `` (NP-SBJ The carpetbaggers) (PRN , '' (SINV (VP snorts (S *T*-1)) (NP-SBJ the narrator) (PP-MNR with (NP a Texas twang))) ,) `` (VP have (VP (VP packed (NP their bags)) and (VP went))) . '')) (TOP (S-1 But (PRN , (S (NP-SBJ he) (VP continues (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ They) (VP 're (VP forgetting (SBAR 0 (S (NP-SBJ we) (VP 're all (NP-PRD Texans)))))) .)) (TOP (S (NP-SBJ The Lone Star) (VP is (PP-PRD on (NP the rise)) (ADVP-TMP again)) . '')) (TOP (S (SBAR-TMP As (S (NP-SBJ the music) (VP swells))) , (NP-SBJ viewers) (VP discover (SBAR 0 (S (NP-SBJ they) (VP 're (VP watching (NP (NP a commercial) (PP for (NP (NP Lone Star Beer) , (NP (NP the pride) (PP of (NP Texas))) , (NP (NP a product) (PP of (NP (NP G. Heileman Brewing Co.) , (NP (NP a (NAC-LOC La Crosse , Wis. ,) unit) (PP of (NP Bond Corp)))))))))))))) .)) (TOP (S (S (SBAR-ADV As (S (NP-SBJ (NP the ad 's) tone) (VP implies))) , (NP-SBJ the Texas spirit) (VP is (ADJP-PRD pretty xenophobic) (NP-TMP these days))) , and (S (NP-SBJ-2 Lone Star) (VP is n't (ADVP-PRD alone) (PP in (S-NOM (NP-SBJ-1 *-2) (VP trying (S (NP-SBJ *-1) (VP to (VP take (NP advantage) (PP-CLR of (NP that)))))))))) .)) (TOP (S (PP (PP From (NP Chevy trucks)) (PP to (NP Lipton iced tea)) (PP to (NP (NP a host) (PP of (NP battling banks))))) , (NP-SBJ-1 the state) (VP has (VP been (VP inundated (NP *-1) (PP with (NP (NP (NP broadcast commercials) and (NP print advertising campaigns)) (VP (VP celebrating (NP Texans)) and (VP castigating (NP outsiders)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ advertisers) (VP have (ADVP-TMP long) (VP appealed (PP-CLR to (NP (NP Texans ') state pride and prejudices)))))) , (NP-SBJ-1 the latest trend) (VP has (VP been (VP sparked (NP *-1) , (PP in (NP part)) , (PP by (NP-LGS (NP the state 's) recent hard economic times))))) .)) (TOP (S (S (NP-SBJ That) (VP has (VP taken (NP (NP some) (PP of (NP the swagger))) (PP-CLR out (PP of (NP (NP natives) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP like (S (NP-SBJ *-3) (VP to (VP brag (SBAR that (S (NP-SBJ Texas) (VP is (NP-PRD (NP the only state) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP was (ADVP-TMP once) (NP-PRD a nation)))))))))))))))))))) , but (S (NP-SBJ it) (VP has (VP increased (NP (NP their legendary resentment) (PP of (NP outsiders)))))) .)) (TOP (S-3 (PP-TMP In (NP the past)) (PRN , (SINV (VP writes (SBAR 0 (S *T*-3))) (NP-SBJ Houston Chronicle columnist Jim Barlow)) ,) (S (NP-SBJ-1 outlanders) (VP were (VP accepted (NP *-1) (PP-TMP only after (S-NOM (NP-SBJ *-1) (VP passing (NP (NP a series) (PP of (NP (NP tests) (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP to (VP prove (SBAR 0 (S (NP-SBJ they) (VP had (NP the `` right '' Texas attitudes))))))))))))))))) and `` (S (PP of (NP course)) (NP-SBJ-5 they) (VP had (S (NP-SBJ-2 *-5) (VP to (VP be (VP dipped (NP *-2) (PP-PRP for (NP parasites)))))))) . '')) (TOP (S (NP-SBJ There) (VP is (NP-PRD no small irony) (PP-LOC in (NP the fact (SBAR that (S (NP-SBJ (NP some) (PP of (NP the most-jingoistic advertising))) (VP comes (NP-ADV (NP courtesy) (PP of (PRN -- (S (NP-SBJ you) (VP guessed (NP it))) --) (NP outsiders))))))))) .)) (TOP (S (NP-SBJ (NP Lone Star 's) Bond Corp. parent) , (PP for (NP instance)) , (VP hails (PP-DIR from (NP (NP Perth) , (NP Australia)))) .)) (TOP (S (NP-SBJ (NP North Carolinians) , (NP New Yorkers) , (NP Californians) , (NP Chicagoans) and (NP Ohioans)) (VP own (NP Texas banks)) .)) (TOP (S (NP-SBJ-1 (NP All kinds) (PP of (NP landmark Texas real estate))) (VP has (VP been (VP snapped (NP *-1) (PRT up) (PP by (NP-LGS out-of-staters))))) .)) (TOP (S (NP-SBJ-1 Even the beloved Dallas Cowboys) (VP were (VP bought (NP *-1) (PP by (NP-LGS an Arkansas oil man)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Texas) (VP has (VP lost (NP its distinctiveness) , (S-ADV (NP-SBJ *) (VP leaving (NP Texans) (PP-CLR with (NP a hunger (S (NP-SBJ *) (VP to (VP feel (ADJP-PRD proud (PP about (NP themselves))))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Stephen Klineberg) , (NP (NP a sociology professor) (PP-LOC at (NP (NP Rice University) , (NP-LOC Houston))))) .)) (TOP (S `` (NP-SBJ This) (VP plays (PP-CLR right into (NP (NP the hands) (PP of (NP the advertising agencies))))) . '')) (TOP (S (PP For (NP example)) , (NP-SBJ (NP the iced-tea radio campaign) (PP for (NP (NP Thomas J. Lipton Co.) , (NP (NP an (NAC-LOC Englewood Cliffs , N.J. ,) unit) (PP of (NP Anglo-Dutch Unilever Group))) ,))) (VP (ADVP-MNR emphatically) proclaims : `` (S (NP-SBJ Real Texans) (VP do not (VP wear (NP dock-siders) -- (ADVP-TMP ever))))) .)) (TOP (S (S (NP-SBJ Real Texans) (VP do n't (VP play (NP paddleball)))) , (S (ADVP at least) (NP-SBJ I) (VP hope not)) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD football country)) .)) (TOP (S And (NP-ADV another thing) -- (S (NP-SBJ real Texans) (VP drink (NP Lipton iced tea))) . '')) (TOP (S (PP In (S-NOM (NP-SBJ *-1) (VP developing (NP that theme) (PP-LOC at (NP (NP (NP Interpublic Group) (PP of (NP Cos . ' Lintas))) : (NP New York unit)))))) , (NP-SBJ-1 account supervisor Lisa Buksbaum) (VP says (SBAR 0 (S (NP-SBJ she) (VP (VP made (NP (NP a `` couple) (PP of (NP (NP phone calls) '' (PP to (NP Dallas ad friends)))))) and (VP reported (NP her `` findings '') (PP-CLR to (NP (NP a team) (PP of (NP writers))))))))) .)) (TOP (NP Her findings ?)) (TOP (FRAG-1 `` (S-ADV (NP-SBJ You) (VP know)) (PRN , '' (S (NP-SBJ she) (VP says (FRAG *T*-1))) ,) `` (NP (NP stereotypical stuff) (PP like (NP armadillos , cowboys and football))) . '')) (TOP (FRAG (NP Not exactly sophisticated market research) , but (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP cares (ADVP-TMP (ADVP as long) (SBAR as (S (NP-SBJ the campaigns) (VP work))))))) .)) (TOP (S And (NP-SBJ ad agencies) (VP insist (SBAR that (S (NP-SBJ they) (VP do (VP *?*))))) .)) (TOP (S (NP-SBJ (NP Stan Richards) (PP of (NP (NP Richards Group Inc.) , (NP-LOC Dallas) ,))) (VP tells (PP-CLR of (NP (NP the Texan) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP saw (NP (NP (NP the agency 's) tear-jerking commercial) (PP for (NP First Gibraltar Bank F.S.B.)) -- (ADJP complete (PP with (NP (NP the state 's) anthem))) --)) and (VP (ADVP-MNR promptly) invested (NP $ 100,000 *U*) (PP-LOC in (NP (NP the thrift 's) CDs))))))))) .)) (TOP (S (NP-SBJ *) (ADVP-TMP Never) (VP mind (SBAR that (S (NP-SBJ First Gibraltar) (VP is (NP-PRD (NP one) (PP of (NP (NP the failed Texas thrifts) (VP taken (NP *) (PRT over) (PP by (NP-LGS (NP outsiders) -- (PP-LOC in (NP this case)) , (NP (NP an investor group) (VP headed (NP *) (PP by (NP-LGS New York financier Ronald Perelman)))))))))))))) .)) (TOP (S (NP-SBJ The North Texas Chevy Dealers) (ADVP-TMP recently) (VP had (NP a record sales month) (PP-TMP after (NP (NP the debut) (PP of (NP (NP ad campaign) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP thumbs (NP its nose) (PP-CLR at (NP elite Easterners)))))))))) .)) (TOP (S And (NP-SBJ (NP deposits) (PP-LOC at (NP (NP NCNB Texas National Bank) , (NP (NP a unit) (PP of (NP (NP NCNB Corp.) , (NP-LOC (NP Charlotte) , (NP N.C.))))) ,))) (VP have (VP increased (NP-EXT (QP $ 2 billion) *U*) (PP-TMP since (NP last year)) (PP-TMP after (NP (NP heavy advertising) (VP stressing (NP (NP commitment) (PP to (NP Texas)))))))) .)) (TOP (SINV `` (S-2 (ADVP Obviously) , (NP-SBJ pride) (VP sells (PP-LOC in (NP Texas)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP a spokeswoman) (PP for (NP (NP Bozell Inc.) , (NP-LOC (NP Omaha) , (NP Neb.) ,) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP represents)))))))) (TOP (S (NP-SBJ The ad campaigns) (ADVP-TMP usually) (VP follow (NP (NP one) (PP of (NP (NP three tracks) -- (S-NOM (NP-SBJ-2 *) (VP (VP stressing (NP (NP the company 's) ` Texasness)) , ' (VP pointing (PRT out) (NP (NP (NP the competition 's) lack) (ADVP thereof))) , or (VP trying (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD (ADJP more Texan) (PP than (NP Texans))))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Ford trucks) (VP may (VP outsell (NP Chevy trucks) (PP-LOC in (NP (NP places) (PP like `` (NP (NP Connecticut) and (NP Long Island)))))))) , '' (VP sniffs (SBAR 0 (S *T*-1))) (NP-SBJ (NP a commercial) (PP for (NP (NP Chevrolet) , (NP (NP a division) (PP of (NP General Motors Corp)))))) .)) (TOP (S (NP-SBJ (NP The commercial) , (VP created (NP *) (PP by (NP-LGS (NP Bateman , Bryan & Galles Inc.) , (PP of (NP Dallas)) ,)))) (VP adds (ADVP-MNR derisively) : `` (S (NP-SBJ I) (VP bet (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP takes (NP a (ADJP real tough) truck) (S-1 (NP-SBJ *) (VP to (VP haul (NP your Ivy League buddies) (PP-DIR to (NP the yacht club))))))))))) . '')) (TOP (S-2 (SBAR-PRP Because (S (NP-SBJ they) (VP want (NP (NP a truck) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is `` (ADJP-PRD Texas tough)))))))) (PRN , '' (S (NP-SBJ the commercial) (VP concludes (SBAR 0 (S *T*-2)))) ,) `` (NP-SBJ Texans) (VP drive (NP Chevy)) . '')) (TOP (S (S (NP-SBJ (NP J.C. Penney Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP relocated (PP-DIR from (NP New York)) (PP-DIR to (NP suburban Dallas)) (ADVP-TMP (NP two years) ago)))) ,) (VP (ADVP-MNR gently) wraps (NP itself) (PP-CLR in (NP Texas pride)) (PP through (NP a full-page magazine ad)))) : (S `` (S-TPC-3 (S-NOM-SBJ (NP-SBJ-4 *) (VP Taking (NP the long-range view) (S-PRP (NP-SBJ *-4) (VP to (VP conserve (SBAR-NOM (WHNP-2 what) (S (NP-SBJ *T*-2) (VP is (PP-PRD of (NP value)) (PP to (NP future generations)))))))))) (VP is (NP-PRD (NP part) (PP of (NP the Lone Star lifestyle))))) , '' (NP-SBJ the ad) (VP reads (S *T*-3))) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD (NP part) (PP of (NP our style))) , (ADVP too)) . '')) (TOP (S (PP According (PP to (NP several ad-agency sources))) , (NP-SBJ-1 (NP newcomers) (PP to (NP the Texas banking market))) (VP are (VP spending (NP a combined (QP $ 50 million) *U*) (NP-TMP this year) (S-PRP (NP-SBJ *-1) (VP to (VP woo (NP Texans)))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ surviving Texas banking institutions) (VP are (VP (ADVP-MNR busily) pitching (NP themselves) (PP-CLR as (NP (NP the only lenders) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP truly) (VP care (PP-CLR about (NP the state))))))))) .)) (TOP (S (NP-SBJ (NP The most-strident anti-outsider sentiment) (PP-LOC among (NP bankers))) (VP comes (PP-CLR from (NP (NP the Independent Bankers Association) (PP of (NP Texas)))) , (SBAR-ADV although (S (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP tell (PP from (NP (NP previews) (PP of (NP the (ADJP (QP $ 5 million) *U*) `` (NAC-TTL (NP The I 's) (PP of (NP Texas))) '' TV campaign))))))))))) .)) (TOP (S (NP-SBJ Commercials) (VP will (VP highlight (NP (NP (NP heart-rending scenes) (PP of (NP Texas))) and (NP chest-swelling , ain't-it-great-to-be-a-Texan music)))) .)) (TOP (S (NP-SBJ Supporting banks) (VP will (VP sign (NP (NP a `` Texas Declaration) (PP of (NP Independents))))) . '')) (TOP (S But (PP-LOC in (NP (NP introductory material) (PP for (NP the campaign)))) , (NP-SBJ the trade group) (VP urges (NP-1 members) (S (NP-SBJ *-1) (VP to (VP `` arm '' (PP-PRP for (NP (NP a `` revolution '') (PP against (NP big , out-of-state bank-holding companies)))))))) .)) (TOP (S (NP-SBJ (NP A video) (VP sent (NP *) (PP-DTV to (NP association members))) , (VP featuring (NP (NP shots) (PP of (NP (NP the Alamo) , (NP cowboys) , (NP fajitas) and (NP (NP a statue) (PP of (NP Sam Houston))))))) ,) (VP does n't (VP mince (NP words))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Texans) (VP can (VP sniff (NP a phony) (ADVP-LOC (NP a mile) away)))) , '' (NP-SBJ the narrator) (VP warns (NP outsiders) (S *T*-1)) .)) (TOP (S `` So , (NP-SBJ-1 *) (VP do n't (VP (VP come) and (VP try (S (NP-SBJ *-1) (VP to (VP con (NP us) (PP with (NP (NP (FRAG a (INTJ howdy) (NP y'all))) or (NP a cowboy hat))))))))) . '')) (TOP (NP (NP Young & Rubicam 's) Pact)) (TOP (S (NP-SBJ-1 Young & Rubicam) , (S-ADV (NP-SBJ *-1) (VP fighting (NP charges (SBAR that (S (NP-SBJ-2 it) (VP bribed (NP Jamaican officials) (S-PRP (NP-SBJ *-2) (VP to (VP win (NP the Jamaica Tourist Board ad account)))) (PP-TMP in (NP 1981)))))))) , (VP said (SBAR 0 (S (NP-SBJ it) (VP will (ADVP-TMP no longer) (VP create (NP (NP the tourist board 's) advertising)))))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ (NP Alex Kroll) , (NP (NP Young & Rubicam 's) chairman) ,) (VP said `` (S (PP-LOC under (NP the present circumstances)) -LCB- (NP-SBJ we) -RCB- (VP have (VP agreed (SBAR that (S (NP-SBJ (NP it) (S *EXP*-1)) (VP is (ADJP-PRD prudent) (S-1 (NP-SBJ *) (VP to (VP discontinue (NP that contract))))))))))) . '')) (TOP (S (NP-SBJ Young & Rubicam) (VP has (VP pleaded (ADJP-PRD innocent (PP to (NP the charges))))) .)) (TOP (S (NP-SBJ The board) (VP would n't (VP comment (PP-CLR on (NP (NP its impending search) (PP for (NP (NP a new ad agency) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP handle (NP its (ADJP (QP estimated $ 5 million to $ 6 million) *U*) account))))))))))) .)) (TOP (NP Ad Notes ... .)) (TOP (NP NEW ACCOUNT :)) (TOP (S (NP-SBJ (NP Sunshine Biscuits Inc.) , (NP-LOC (NP Woodbridge) , (NP N.J.) ,)) (VP awarded (NP its (ADJP estimated $ 5 million *U*) account) (PP-DTV to (NP (NP Waring & LaRosa) , (NP-LOC New York)))) .)) (TOP (S (NP-SBJ The account) (VP had (VP been (PP-LOC-PRD at (NP (NP Della Femina McNamee WCRS) , (NP-LOC New York))))) .)) (TOP (NP MEDIA POLICY :)) (TOP (S (NP-SBJ (NP MacNamara Clapp & Klein) , (NP a small New York shop) ,) (VP is (VP asking (NP-2 magazine ad representatives) (S (NP-SBJ *-2) (VP to (VP tell (NP it) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ major advertising inserts) (VP will (VP run (PP-LOC in (NP their publications)) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (NP-SBJ It) (VP says (SBAR 0 (S (NP-SBJ it) (VP may (VP pull (NP (NP its clients ') ads) (PP-DIR from (NP those magazines))))))) .)) (TOP (NP COKE ADS :)) (TOP (S (NP-SBJ Coca-Cola Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP produced (NP (NP a new version) (PP of (NP its 1971 `` (S-TTL (NP-SBJ-1 I) (VP 'd (VP like (S (NP-SBJ *-1) (VP to (VP teach (NP-2 the world) (S (NP-SBJ *-2) (VP to (VP sing))))))))) '' commercial))))))) .)) (TOP (S (NP-SBJ The ad) (VP is (NP-PRD (NP part) (PP of (NP (NP (NP Classic Coke 's) 1990 ad campaign) , (PP with (NP (NP the tag line) , `` (S-TTL (NP-SBJ *) (VP Ca n't (VP beat (NP the Real Thing)))))))))) . '')) (TOP (S (NP-SBJ-1 (NP Basketball star Michael Jordan) and (NP singer Randy Travis)) (VP have (ADVP also) (VP agreed (S (NP-SBJ *-1) (VP to (VP appear (PP-LOC in (NP ads))))))) .)) (TOP (S (NP-SBJ (NP Dell Computer Corp.) , (VP squeezed (NP *) (PP by (NP-LGS (NP (NP price pressure) (PP from (NP its larger competitors))) and (NP (NP delays) (PP-LOC in (NP its new product line)))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP its per-share earnings) (PP for (NP fiscal 1990))) (VP will (VP be (NP-PRD half its previous forecasts)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the personal computer maker) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ revenue) (VP to (VP meet or exceed (NP (NP previous projections) (PP of (NP (QP $ 385 million) *U*)) (PP for (NP (NP the year) (VP ending (NP-TMP Jan. 28 , 1990)))))))))))))) , (NP-SBJ-1 earnings) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP (NP 25 cents) to (NP 35 cents)) (NP-ADV a share)) , (ADVP down (PP from (NP (NP previous estimates) (PP of (NP (NP 50 cents) to (NP 60 cents))))))))))) .)) (TOP (S (NP-SBJ (NP Earnings) (PP for (NP fiscal 1989))) (VP were (NP-PRD (NP (QP $ 14.4 million) *U*) , or (NP (NP 80 cents) (NP-ADV a share)) ,) (PP on (NP (NP sales) (PP of (NP (QP $ 257.8 million) *U*))))) .)) (TOP (S (NP-SBJ-2 (NP Results) (PP for (NP (NP the third quarter) (VP ending (NP-TMP Oct. 31))))) , (VP are (VP expected (S (NP-SBJ-1 *-2) (VP to (VP be (VP released (NP *-1) (NP-TMP (NP the third week) (PP of (NP November))))))) , (PP according (PP to (NP (NP Michael Dell) , (NP (NP chairman) and (NP chief executive officer))))))) .)) (TOP (S (NP-SBJ Mr. Dell) (VP (VP said (SBAR 0 (S (NP-SBJ he) (VP does n't (VP expect (NP (NP a loss) (PP-TMP in (NP either the third or fourth quarter)))))))) , but (VP said (SBAR 0 (S (NP-SBJ third-quarter earnings) (VP could (VP be (ADJP-PRD (ADJP as low) (PP as (NP (NP four cents) (NP-ADV a share)))))))))) .)) (TOP (S (PP-TMP In (NP the third quarter)) (NP-TMP last year) , (NP-SBJ Dell) (VP had (NP (NP net income) (PP of (NP (NP (QP $ 5 million) *U*) , or (NP (NP 26 cents) (NP-ADV a share))))) , (PP on (NP (NP sales) (PP of (NP (QP $ 75.2 million) *U*))))) .)) (TOP (S (NP-SBJ Mr. Dell) (VP attributed (NP the earnings slide) (PP-CLR to (NP (NP new product delays) , (PP such as (NP (NP a laptop) (VP scheduled (NP *) (PP-CLR for (NP September))) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP wo n't (VP be (VP introduced (NP *-1) (PP-TMP until (NP early November)))))))))))) .)) (TOP (S (S (NP-SBJ-1 Some delays) (VP have (VP been (VP caused (NP *-1) (PP by (NP-LGS (NP a shortage) (PP of (NP (NP micoprocessors) -- (NP (NP notably (NP Intel Corp. 's) newest chip) , (NP the 486)) --)))))))) but (S (NP-SBJ-2 others) (ADVP apparently) (VP have (VP been (VP caused (NP *-2) (PP by (NP-LGS (NP Dell 's) (NX (NX explosive growth) and (NX (ADJP thinly stretched) resources)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ They) (VP 've (VP got (S (NP-SBJ (NP a lot) (PP of (NP different balls))) (PP-LOC-PRD in (NP the air)) (PP-TMP at (NP the same time)))))) , '' (VP observes (S *T*-1)) (NP-SBJ (NP Jim Poyner) , (NP (NP a computer securities analyst) (PP with (NP Dallas-based William K. Woodruff & Co)))) .)) (TOP (S (NP-SBJ Mr. Dell) , (ADVP-TMP meanwhile) , (VP concedes (SBAR 0 (S (NP-SBJ the company) (VP was `` (ADVP definitely) (ADJP-PRD too optimistic) '' (PP in (NP its expectations)))))) .)) (TOP (S (NP-SBJ Product delays) , (ADVP however) , (VP have (VP left (S (NP-SBJ-1 Dell) (VP buffeted (NP *-1) (PP by (NP-LGS (NP harsher competition) (PP-LOC in (NP (NP its bread-and-butter line) (PP of (NP desktop computers)))))))) , (SBAR-ADV as (S (NP-SBJ (NP powerhouse competitors) (NP (NP Compaq Computer Corp.) and (NP International Business Machines Corp.))) (VP price (NP their PCs) (ADVP-MNR more aggressively)))))) .)) (TOP (S (NP-SBJ The result) (VP has (VP been (NP-PRD (NP thinner margins) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP have (VP been (VP (ADVP further) eroded (NP *-2) (PP by (NP-LGS (NP an ambitious research and development effort) and (NP rapid overseas expansion))))))))))) .)) (TOP (S (NP-SBJ (NP Analyst James Weil) (PP of (NP the Soundview Financial Group))) (VP believes (SBAR 0 (S (NP-SBJ-1 (NP Dell 's) response) (VP has (VP been (S-PRD (NP-SBJ *-1) (VP to (VP place (NP increased emphasis) (PP-CLR on (NP product quality)) , `` (PP in (NP an effort (S (NP-SBJ *) (VP to (VP rise (PP-DIR above (NP (NP some) (PP of (NP that price pressure))))))))))))))))) . '')) (TOP (S-1 But (NP-SBJ that) (VP has (VP been (NP-PRD (NP the key) (PP to (NP (NP Compaq 's) success))) (PRN , (S (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1)))) ,) (SBAR-ADV whereas (S (S (NP-SBJ Dell) (VP carved (PRT out) (NP its market niche) (PP as (NP (NP a direct seller) (PP of (NP (ADJP low-cost but reliable) computers)))))) -- and (S (NP-SBJ it) (VP might (VP be (ADJP-PRD too late (PP-LOC in (NP the game))) (PP for (NP (NP a shift) (PP-LOC in (NP strategy))))))))))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) , (NP-SBJ Dell) (VP closed (NP-TMP yesterday) (PP-CLR at (NP (NP $ 6 *U*) (NP-ADV a share))) , (ADVP down (NP 87.5 cents))) .)) (TOP (S (NP-SBJ (NP (NP TransAtlantic Holdings PLC) , (NP a British-based , South African-controlled financial services investment group)) , and (NP (NP France 's) Societe Centrale Union des Assurances de Paris)) (VP reached (NP (NP an accord) (VP (ADVP effectively) reducing (NP (NP chances) (PP of (NP (NP an unfriendly takeover) (PP for (NP Sun Life Assurance Society PLC)))))))) .)) (TOP (S (PP-LOC In (NP a joint statement)) , (NP-SBJ (NP the two companies) , (SBAR (WHNP-2 whose combined holdings) (S (NP-SBJ *T*-2) (VP equal (NP (NP 52.7 %) (PP of (NP (NP Sun Life 's) ordinary shares)))))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 their agreement) (VP is (VP aimed (NP *-1) (PP-CLR at (S-NOM (NP-SBJ *) (VP reducing `` (NP (NP the uncertainty and instability) (PP for (NP Sun Life)) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP has (VP resulted (PP-CLR from (S-NOM (NP-SBJ two major shareholders) (VP owning '' (NP (NP a controlling interest) (PP-LOC in (NP the company))))))))))))))))))) .)) (TOP (S (NP-SBJ-2 (NP TransAtlantic) , (SBAR (WHNP-1 whose Transol Investments Ltd. unit) (S (NP-SBJ *T*-1) (VP owns (NP (NP the largest minority stake) (PP-LOC in (NP Sun Life)))))) ,) (VP has (VP agreed (S (NP-SBJ *-2) not (VP to (VP make (NP (NP a takeover bid) (PP for (NP the British life insurer))) (PP without (NP (NP the prior consent) (PP of (NP (NP the French company) , (VP known (NP *) (PP-CLR as (NP UAP)))))))))))) .)) (TOP (S (PP In (NP return)) , (NP-SBJ the agreement) (VP would (VP force (S (NP-SBJ UAP) (VP to (VP (VP buy (NP (NP (NP TransAtlantic 's) (ADJP 29.8 %) holding) (PP-LOC in (NP Sun Life)))) or (VP sell (NP its (ADJP 22.9 %) stake) (PP-DTV to (NP TransAtlantic)) (PP-CLR at (NP (NP a price) (VP set (NP *) (PP by (NP-LGS Transatlantic))))))))))) .)) (TOP (S (NP-SBJ Pride Petroleum Services Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP well-servicing assets) (PP of (NP two companies))))))) and (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP higher third-quarter revenue and earnings))))))))) .)) (TOP (S (PP-TMP In (NP the year-earlier quarter)) , (NP-SBJ the well-servicing contractor) (VP had (NP (NP net income) (PP of (NP (NP $ 319,000 *U*) , or (NP (NP 3 cents) (NP-ADV a share)) ,)) (PP on (NP (NP revenue) (PP of (NP (QP about $ 15 million) *U*)))))) .)) (TOP (S (NP-SBJ (NP Results) (PP for (NP the earlier quarter))) (VP included (NP a (ADJP $ 100,000 *U*) restructuring charge)) .)) (TOP (S (ADVP Separately) , (NP-SBJ the Houston concern) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP (NP letters) (PP of (NP intent)) (PP for (NP (NP the cash and stock purchases) (PP of (NP (NP a total) (PP of (NP 29 well-servicing rigs)))) (PP from (NP (NP two concerns) (VP located (NP *) (PP-LOC-CLR in (NP (NP New Mexico) and (NP California))))))))))))) .)) (TOP (S (NP-SBJ It) (VP (VP did n't (VP disclose (NP specifics))) but (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP complete (NP the purchases) (PP-TMP by (NP Nov. 1)))))))))) .)) (TOP (S (NP-SBJ (NP Schlumberger Ltd.) , (NP-LOC New York) ,) (VP reported (SBAR 0 (S (NP-SBJ third-quarter net income) (VP edged (ADVP-DIR up) (SBAR-ADV as (S (NP-SBJ (NP growth) (PP-LOC in (NP its oil-field services sector))) (VP offset (NP (NP a decline) (PP-LOC in (NP interest income)))))))))) .)) (TOP (S (NP-SBJ The lower interest income) (VP occurred (SBAR-PRP because (S (NP-SBJ-1 Schlumberger) (VP spent (NP (QP $ 1.2 billion) *U*) (S-CLR (NP-SBJ *-1) (VP buying (PRT back) (NP its stock))) (NP-TMP last year))))) .)) (TOP (S (NP-SBJ (NP Net) (PP for (NP the oil-field services and electronic measurements and systems concern))) (VP rose (PP-DIR to (NP (NP (QP $ 114.2 million) *U*) , or (NP (NP 48 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 112.2 million) *U*) , or (NP (NP 42 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Per-share earnings) (VP advanced (NP-EXT 14 %) (PP-PRP because of (NP the buy-back))) .)) (TOP (S (NP-SBJ Revenue) (VP declined (NP-EXT 6.3 %) (PP-DIR to (NP (QP $ 1.11 billion) *U*)) (PP-DIR from (NP (QP $ 1.18 billion) *U*))) .)) (TOP (S But (PP excluding (NP (NP businesses) (VP acquired or sold (NP *)))) , (NP-SBJ revenue) (VP was (ADJP-PRD flat) (PP-CLR at (NP (QP about $ 1.24 billion) *U*))) .)) (TOP (S (NP-SBJ Nine-month net) (VP fell (NP-EXT 9.5 %) (PP-DIR to (NP (NP (QP $ 323.4 million) *U*) , or (NP (NP $ 1.36 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 357.2 million) *U*) , or (NP (NP $ 1.32 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Revenue) (VP dropped (NP-EXT 5.4 %) (PP-DIR to (NP (QP $ 3.48 billion) *U*)) (PP-DIR from (NP (QP $ 3.68 billion) *U*))) .)) (TOP (S (NP-SBJ (NP This year 's) nine-month results) (VP include (NP (NP gains) (PP of (NP (NP (NP (NP (QP $ 13 million) *U*) , or (NP (NP five cents) (NP-ADV a share)) ,) (PP from (NP (NP the sale) (PP of (NP (NP Schlumberger 's) defense systems business))))) , and (NP (NP (NP (QP $ 22 million) *U*) , or (NP (NP nine cents) (NP-ADV a share)) ,) (PP from (NP (NP an award) (PP by (NP the IranU.S . Claims Tribunal))))))))) .)) (TOP (S (NP-SBJ The year-earlier nine months) (VP include (NP (NP a gain) (PP of (NP (NP (QP $ 35 million) *U*) , or (NP (NP 13 cents) (NP-ADV a share)) ,)) (PP from (NP (NP sale) (PP of (NP (NP the company 's) Electricity Control & Transformers division)))))) .)) (TOP (S (NP-SBJ NEW ENGLAND CRITICAL CARE Inc.) (VP offered (NP (NP (QP $ 35 million) *U*) (PP in (NP convertible subordinated debentures))) (PP through (NP (NP Morgan Stanley & Co.) and (NP Prudential-Bache Capital Funding)))) .)) (TOP (S (NP-SBJ (NP The debentures) , (ADJP due (PP-TMP in (NP 2014))) ,) (VP have (NP (NP a coupon) (PP of (NP (QP 7 3) %)) , (ADJP payable (ADVP-TMP semiannually)))) .)) (TOP (S (NP-SBJ-1 The debentures) (VP may (VP be (VP converted (NP *-1) (PP-CLR into (NP (NP common stock) (PP of (NP the (NAC-LOC Westborough , Mass. ,) home health care concern)))) (PP-CLR at (NP (NP $ 52.50 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ-1 Proceeds) (VP will (VP be (VP used (NP *-1) (PP-CLR for (NP (NP working capital) and (NP (NP general corporate purposes) , (PP including (NP (NP expansion) (PP of (NP (NP the company 's) operations)))))))))) .)) (TOP (S (NP-SBJ The French building group Dumez S.A.) (VP said (SBAR 0 (S (NP-SBJ profit) (VP jumped (NP-EXT 70 %) (PP-TMP in (NP (NP the first half) (PP of (NP 1989)))) , (PP partly on (NP (NP the strength) (PP of (NP (NP nonrecurring gains) (PP from (NP (NP a share issue) (PP by (NP its Canadian unit)))))))))))) .)) (TOP (S (NP-SBJ Dumez) (VP said (SBAR 0 (S (NP-SBJ (NP group profit) (PP-TMP after (NP (NP payments) (PP to (NP minority interests))))) (VP rose (PP-DIR to (NP (NP (QP 252 million) francs) (PRN -LRB- (NP (QP $ 40.1 million) *U*) -RRB-))) (PP-DIR from (NP 148 million) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 40 %) (PP-DIR to (NP (QP 13.32 billion) francs)) (PP-DIR from (NP (QP 9.53 billion)))) .)) (TOP (S (NP-SBJ The group) (VP noted (SBAR that (S (NP-SBJ (NP (QP 75 million) francs) (PP of (NP the advance))) (VP reflected (NP (NP a one-time gain) (PP from (NP (NP the June offering) (PP by (NP (NP its United Westburne unit) (PP-LOC in (NP Canada))))))))))) .)) (TOP (S (NP-SBJ It) (VP did n't (VP say (SBAR if (S (NP-SBJ-1 its year-earlier results) (VP were (VP influenced (NP *-1) (ADVP-MNR significantly) (PP by (NP-LGS nonrecurring elements)))))))) .)) (TOP (S (PP-TMP For (NP (NP all) (PP of (NP 1988)))) , (NP-SBJ Dumez) (VP had (NP (NP group profit) (PP of (NP (QP 452 million) francs))) (PP-TMP after (NP (NP payment) (PP to (NP minority interests))))) .)) (TOP (S (NP-SBJ Revenue) (VP was (NP-PRD (QP 21.98 billion) francs)) .)) (TOP (S (NP-SBJ The group) (VP has n't (VP forecast (NP (NP full-year earnings) (PP for (NP 1989))) , (SBAR-ADV although (S (NP-SBJ it) (VP said (SBAR that (S (NP-SBJ its first-half results) (VP are n't (NP-PRD a good indication) (PP-PRP because of (NP (NP one-time elements) and (NP (NP the seasonal nature) (PP of (NP its operations))))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP Tuesday 's) earthquake) (VP will (VP (VP depress (NP local real-estate values) (PP-TMP in (NP the short term))) and (VP force (S (NP-SBJ-1 companies) (VP to (VP reconsider (S (NP-SBJ *-1) (VP (VP expanding (PP-LOC in (NP *RNR*-2))) or (VP relocating (PP-DIR to (NP *RNR*-2))) (NP-2 (NP the Bay Area) and (NP California))))))))))) , (NP-SBJ real-estate and relocation specialists) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Few specialists) (VP said (SBAR 0 (S (NP-SBJ they) (VP expect (S (NP-SBJ the quake) (VP to (VP have (NP (NP much) (PP of (NP (NP an effect) (PP on (NP most California property values)))))))))))) .)) (TOP (S But (NP-SBJ real-estate experts and brokers) (VP said (SBAR 0 (S (NP-SBJ the quake) (ADVP undoubtedly) (VP will (VP drag (PRT down) (NP prices) (PP-LOC in (NP (NP neighborhoods) (VP built (NP *) (PP-LOC on (NP (ADJP less stable) ground))))) , (PP-LOC especially in (NP the Bay Area))))))) .)) (TOP (S `` (NP-SBJ California prices) (VP were (ADVP already) (VP coming (ADVP-DIR down))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 This) (VP is n't (VP going (S (NP-SBJ *-1) (VP to (VP help)))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Kenneth T. Rosen) , (NP (NP chairman) (PP of (NP (NP the Center) (PP for (NP Real Estate and Urban Economics)) (PP-LOC at (NP (NP the University) (PP of (NP California)) (PP-LOC at (NP Berkeley)))))))) .)) (TOP (S (NP-SBJ (NP State housing prices) , (PP at (NP a median $ 201,028 *U*)) ,) (VP have (VP declined (PP-TMP in (NP recent months)) (PP-PRP because of (NP (NP potential buyers ') inability (S (NP-SBJ *) (VP to (VP afford (NP homes)))))))) .)) (TOP (S (NP-SBJ Mr. Rosen) , (PP-LOC among (NP others)) , (VP suggested (SBAR that (S (NP-SBJ (NP the quake) , (NP (NP the strongest) (PP-TMP since (NP (NP the 1906 temblor) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP struck (NP San Francisco))))))) ,) (VP will (PP-TMP in (NP the short term)) (VP create (NP (NP a two-tier price system) (PP for (NP quake-prone communities)) , (PP with (NP (NP dwellings) (VP built (NP *) (PP-LOC on (NP sturdy ground))) (ADJP likely (S (NP-SBJ *) (VP to (VP demand (NP higher prices))))))))))))) .)) (TOP (S (NP-SBJ (NP One San Francisco neighborhood) (ADJP likely (S (NP-SBJ *) (VP to (VP test (NP (NP Mr. Rosen 's) theory) (ADVP-TMP soon)))))) (VP is (NP-PRD (NP (NP the city 's) fashionable Marina district) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP boasts (NP (NP some) (PP of (NP (NP the highest home prices) (PP-LOC in (NP the state)))))))))) .)) (TOP (S (NP-SBJ (NP The district) , (VP built (NP *) (PP-CLR on (NP landfill))) ,) (VP suffered (NP (NP heavy quake damage) , (PP including (NP collapsed buildings)))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ the city) (VP (VP demolished (NP (NP two dwellings) (PP-LOC in (NP the district))) (PP-PRP because of (NP severe structural damage))) and (VP said (SBAR 0 (S (NP-SBJ-2 (NP (QP as many as 19)) (PP of (NP (NP the district 's) 350 dwellings))) (VP might (VP have (S (NP-SBJ-1 *-2) (VP to (VP be (VP razed (NP *-1))))))))))) .)) (TOP (S (NP-SBJ Brokers) (VP agreed (PP-CLR with (NP the two-tier price theory))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ My gut feeling) (VP is (SBAR-PRD that (S (NP-SBJ-1 the Marina properties) (VP will (VP be (VP affected (NP *-1)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Grace Perkins) , (NP (NP senior vice president) (PP-LOC at (NP Grubb & Ellis Residential Brokerage Inc)))) .)) (TOP (S (S (NP-SBJ Neither (NP she) nor (NP other real-estate executives and brokers)) (VP could (VP project (SBAR-NOM (WHNP-1 (WHADJP how much) less) (S (NP-SBJ Marina properties) (VP might (VP bring (NP *T*-1)))))))) , but (S (NP-SBJ she) (VP said (SBAR 0 (S (NP-SBJ the two-tier price structure) (VP would (VP affect (NP prices) `` (PP-TMP for (NP a while)))))))) . '')) (TOP (S (NP-SBJ Mr. Rosen) (VP said (SBAR 0 (S (NP-SBJ the quake) (VP will (VP revive (NP (NP consumer interest) (PP in (NP (NP a little-publicized 1972 state law) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP requires (S (NP-SBJ brokers) (VP to (VP disclose (PP to (NP potential buyers)) (SBAR-NOM (WHADVP-2 how close) (S (NP-SBJ a property) (VP sits (PP-CLR to (NP a fault line)) (ADVP *T*-2)))))))))))))))))) .)) (TOP (S (PP-PRP Because of (NP (NP the size) (PP of (NP the California market)))) , (NP-SBJ few relocation specialists) (VP expect (NP a widespread corporate flight) (PP-TMP in (NP (NP the quake 's) aftermath))) .)) (TOP (S But (NP-SBJ they) (VP said (SBAR 0 (S (NP-SBJ the quake) (VP will (VP force (S (NP-SBJ some companies) (VP to (VP relocate or expand (NP (NP part or all) (PP of (NP their operations))) (PP-LOC outside (NP the state)))))))))) .)) (TOP (SINV `` (S-TPC-4 (SBAR-NOM-SBJ (WHNP-2 What) (S (NP-SBJ-1 you) (VP 're (VP going (S (NP-SBJ *-1) (VP to (VP get (NP *T*-2)))))))) (VP is (NP-PRD ` (S-TTL (NP-SBJ-3 We) (VP do n't (VP want (S (NP-SBJ *-3) (VP to (VP put (NP (NP all) (PP of (NP our eggs))) (PP-PUT in (NP one basket)))))))) ' theory))) , '' (VP said (S *T*-4)) (NP-SBJ (NP James H. Renzas) , (NP (NP president) (PP of (NP (NP Location Management Services Inc.) , (NP a (NAC-LOC Palo Alto , Calif. ,) relocation concern))))) .)) (TOP (S (NP-SBJ Mr. Renzas) , (PP-LOC among (NP others)) , (VP said (SBAR 0 (S (NP-SBJ the quake) (VP will (VP prod (S (NP-SBJ-2 (NP companies) (PP-LOC in (NP (NP certain industries) , (PP like (NP semiconductors , computers and aerospace)) ,))) (VP to (VP consider (S (NP-SBJ *-2) (VP moving (NP (NP operations) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP involve (NP (ADJP particularly sensitive) machinery))))) (PP-DIR to (NP (NP locations) (PP-LOC outside (NP California)))))))))))))) .)) (TOP (S (S-TPC-2 (PP-PRP Because of (NP the quake threat)) , `` (NP-SBJ some firms) (VP have (VP (VP evaluated (SBAR-NOM (WHNP-1 what) (S (NP-SBJ the cost (S *ICH*-3)) (VP is (NP-PRD *T*-1) (S-3 (NP-SBJ *) (VP to (VP shore (PRT up) (NP their buildings)))))))) and (VP compared (NP it) (PP with (NP (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP building (NP it) (ADVP-LOC elswehere)))))))))) , '' (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ One Southern California aerospace firm) , (PP for (NP example)) , (ADVP-TMP (NP two months) ago) (VP asked (NP-1 Location Management) (S (NP-SBJ *-1) (VP to (VP compare (NP (NP the costs) (PP of (S-NOM (NP-SBJ *) (VP reinforcing (NP its current building) (PP-CLR against (NP earthquakes)))))) (PP-CLR with (NP (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP building (NP a new structure) (ADVP-LOC elsewhere)))))))))) .)) (TOP (S-1 (NP-SBJ A new dwelling) (VP would (VP cost (NP (QP $ 21 million) *U*) (PRN , (S (NP-SBJ Location Management) (VP found (SBAR 0 (S *T*-1)))) ,) (PP compared (PP with (S-NOM (NP-SBJ (QP $ 22 million) *U*) (VP to (VP make (S (NP-SBJ the present building) (ADJP-PRD earthquake-proof))))))))) .)) (TOP (S-2 (NP-SBJ The company) (PRN , (S (NP-SBJ Mr. Renzas) (VP said (SBAR 0 (S *T*-2)))) ,) (VP has n't (ADVP-TMP yet) (VP determined (SBAR (WHNP-1 what) (S (NP-SBJ *) (VP to (VP do (NP *T*-1))))))) .)) (TOP (S (NP-SBJ (NP NATIONWIDE HEALTH PROPERTIES) , (NP-LOC (NP Pasadena) , (NP Calif.) ,)) (VP said (SBAR 0 (S (NP-SBJ it) (VP would n't (VP pay (NP its fourth-quarter dividend) , (PP despite (NP (NP a (ADJP 44 %) increase) (PP-LOC in (NP third-quarter earnings)) , (PP to (NP (NP (QP $ 3.5 million) *U*) , or (NP (NP 42 cents) (NP-ADV a share))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Net income) (VP included (NP (NP a gain) (PP of (NP $ 708,000 *U*)) (PP on (NP asset sales))))) , (NP-SBJ the real estate investment trust) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (NP-SBJ Nationwide Health) (VP earned (NP (NP (QP $ 2.4 million) *U*) , or (NP (NP 29 cents) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 3 %) (PP-DIR to (NP (QP $ 9 million) *U*)) (PP-DIR from (NP (QP $ 8.8 million) *U*))) .)) (TOP (S (NP-SBJ Nationwide Health) (VP said (SBAR that (S (SBAR-ADV although (S (NP-SBJ it) (VP has (NP (NP the cash) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP cover (NP the 25-cent-a-share dividend))))))))) , (NP-SBJ its banks) (VP have (VP denied (NP (NP the company 's) request (S (NP-SBJ *) (VP to (VP pay (NP it))))) (SBAR-PRP because (S (NP-SBJ the trust) (VP has n't (VP met (NP certain terms)))))))))) .)) (TOP (S (NP-SBJ Nationwide Health) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP (VP has (S `` (NP-SBJ numerous financing activities) '' (PP-PRD under (NP way))) (S-PRP (NP-SBJ *-1) (VP to (VP remedy (NP the problem))))) and (VP will (VP make (PRT up) (NP the dividend payment) (ADVP-TMP later) (SBAR-ADV if (FRAG (ADJP possible))))))))) .)) (TOP (S (NP-SBJ (NP Aussedat Rey S.A.) , (NP a French paper producer) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP concluded (NP (NP an agreement) (PP with (NP (NP Japan 's) Fuji Photo Film Co.)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP allow (S (NP-SBJ-2 Aussedat Rey) (VP to (VP manufacture and sell (NP thermal paper) (S-ADV (NP-SBJ *-2) (VP using (NP Fuji technology))))))))))))))) .)) (TOP (S (NP-SBJ Aussedat Rey) (VP is (NP-PRD (NP a leading French maker) (PP of (NP copying and electronic printing paper)))) .)) (TOP (S (NP-SBJ-1 Thermal paper) (VP is (VP used (NP *-1) (PP-LOC-CLR in (NP facsimile machines)))) .)) (TOP (S (NP-SBJ-1 (NP Terms) (PP of (NP the agreement))) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ (NP Aussedat Rey 's) move) (VP follows (NP (NP similar technology-licensing agreements) (PP between (NP (NP (NP Japanese producers) (PP of (NP thermal paper))) and (NP European paper groups))))) .)) (TOP (S (NP-SBJ (NP W.R. Grace & Co.) , (NP-LOC New York) ,) (VP said (SBAR 0 (S (NP-SBJ (NP its earnings) (PP for (NP the third quarter))) (VP (ADVP nearly) doubled (PP-PRP as (NP (NP a result) (PP of (NP (NP a (ADJP (QP $ 114.4 million) *U*) pre-tax gain) (PP from (NP (S-NOM (NP-SBJ *) (VP restructuring (NP its energy operations))) and (NP other adjustments))))))))))) .)) (TOP (S (NP-SBJ Net income) (VP rose (PP-DIR to (NP (NP (QP $ 97.9 million) *U*) , or (NP (NP $ 1.15 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 50.5 million) *U*) , or (NP (NP 60 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Sales) (VP increased (NP-EXT 7 %) (PP-DIR to (NP (QP $ 1.49 billion) *U*)) (PP-DIR from (NP (QP $ 1.39 billion) *U*))) .)) (TOP (S (NP-SBJ The gain) (VP resulted (PP-CLR from (NP (NP (NP the sale) (PP of (NP Grace Equipment Co.))) , (NP (NP the initial public offering) (PP of (NP (NP a one-sixth interest) (PP-LOC in (NP Grace Energy Corp.))))) and (NP (NP an adjustment) (PP-LOC in (NP (NP the carrying value) (PP of (NP (NP certain natural resource assets) (NP (NP not part) (PP of (NP Grace Energy))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The international specialty chemical company 's) earnings) (VP were (VP hurt (NP *-1) (PP by (NP-LGS (NP an accrual) (PP for (NP stock-appreciation rights)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP reflected (NP (NP (NP a (ADJP 19 % increase)) (PP-LOC in (NP the stock price))) , and (NP higher interest expenses))))))))) .)) (TOP (S (NP-SBJ (NP Anglo American Corp.) (PP of (NP South Africa Ltd.))) (VP said (SBAR 0 (S (NP-SBJ (NP the third-quarter combined profit) (PP of (NP its six gold mines))) (VP dropped (NP-EXT 8.5 %) (PP from (NP the previous quarter)))))) .)) (TOP (S (NP-SBJ Total net income) (VP fell (PP-DIR to (NP (NP (QP 471.6 million) rand) (PRN -LRB- (NP (QP $ 178.0 million) *U*) -RRB-))) (PP-DIR from (NP (QP 515.4 million) rand)) (PP-TMP in (NP the June quarter))) .)) (TOP (S (NP-SBJ (NP Total gold production) (PP by (NP all six mines))) (VP rose (NP-EXT 4 %) (PP-DIR to (NP 63,971 kilograms)) (PP-DIR from (NP (NP 61,493 kilograms) (PP-TMP in (NP the previous quarter))))) .)) (TOP (S (NP-SBJ Doman Industries Ltd.) (VP said (SBAR 0 (S (NP-SBJ it) (VP increased (NP (NP its stake) (PP-LOC in (NP Western Forest Products Ltd.))) (PP-DIR to (NP 56 %)) (PP-DIR from (NP 22 %)) , (PP through (NP (NP a two-step transaction) (VP valued (NP *) (PP-CLR at (NP (NP (QP 137 million) Canadian dollars) (PRN -LRB- (NP (QP $ US116.7 million) *U*) -RRB-)))))))))) .)) (TOP (S (NP-SBJ-1 Doman) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Duncan) , (NP British Columbia))))) .)) (TOP (S (NP-SBJ (NP The company) , (VP founded and controlled (NP *) (PP by (NP-LGS (NP Harbanse Doman) , (NP its chairman and president) ,)))) (VP said (SBAR 0 (S (NP-SBJ the purchase) (VP would (VP make (S (NP-SBJ it) (NP-PRD (NP Canada 's) (ADJP 10th largest) forest products company))))))) .)) (TOP (S (PP-LOC Under (NP (NP terms) (PP of (NP (NP the transaction) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP proposed (NP *-1) (PP-TMP in (NP June)))))) ,)))) (NP-SBJ Doman) (VP said (SBAR 0 (S (S (NP-SBJ it) (VP acquired (NP (NP (NP International Forest Products Ltd. 's) (ADJP 22 %) stake) (PP-LOC in (NP Western Forest))))) , and (S (NP-SBJ Western Forest) , (PP-LOC in (NP a related transaction)) , (VP bought (PRT back) (NP (NP a (ADJP 22 %) interest) (PP-LOC in (NP the company))) (PP-CLR from (NP Fletcher Challenge Canada Ltd))))))) .)) (TOP (S-1 (NP-SBJ-2 The Fletcher Challenge Canada stake) (VP was (ADVP-TMP then) (VP canceled (NP *-2) (PRN , (S (NP-SBJ Doman) (VP said (SBAR 0 (S *T*-1)))) ,) (S-ADV (NP-SBJ *) (VP raising (NP (NP (NP Doman 's) interest) (PP-LOC in (NP Western Forest))) (PP-DIR to (NP 56 %)))))) .)) (TOP (S (NP-SBJ Doman) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP was (ADVP also) (VP granted (NP *-2) (NP an option (S (NP-SBJ *) (VP to (VP acquire (NP (NP the remaining (ADJP 44 %) interest) (PP-LOC in (NP Western Forest)) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP is (ADVP-TMP currently) (VP held (NP *-3) (PP by (NP-LGS two Canadian banks)))))))))))))))) .)) (TOP (S (NP-SBJ (NP International Forest) , (NP Western Forest) , and (NP Fletcher Challenge Canada)) (VP are (NP-PRD Vancouver-based forest products concerns)) .)) (TOP (S (NP-SBJ The Canadian government) (VP introduced (PP-LOC in (NP (NP the House) (PP of (NP Commons)))) (NP (NP legislation) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP extend (NP federal regulatory authority) (PP-DIR over (NP (NP provincial government-owned telephone utilities) (PP-LOC in (NP Alberta , Saskatchewan and Manitoba)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The legislation) (VP would (VP open (NP (NP the way) (PP for (NP (NP (NP more telephone services) and (NP (NP more competition) (PP-LOC in (NP the telephone business)))) (PP-LOC in (NP the three provinces)))))))) , (NP-SBJ federal officials) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The federal government initiative) (VP follows (NP (NP a recent Canadian Supreme Court decision) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP held (SBAR that (S (NP-SBJ (NP the major telephone companies) (PP-LOC (PP in (NP Alberta , Saskatchewan and Manitoba)) and (PP in (NP the Atlantic coast provinces)))) (VP were (UCP-PRD (NP interprovincial undertakings) and (ADJP subject (PP to (NP federal legislative authority)))))))))))) .)) (TOP (S (ADVP-TMP Prior (PP to (NP the ruling))) (NP-SBJ the federal government) (VP had (VP regulated (NP (NP only the telephone companies) (PP-LOC in (NP (NP Quebec) , (NP Ontario) , (NP British Columbia) and (NP the Northwest Territories)))))) .)) (TOP (S (NP-SBJ (NP The governments) (PP of (NP Alberta , Saskatchewan and Manitoba))) (VP have (VP (ADVP-MNR strongly) opposed (NP (NP federal regulation) (PP of (NP their telephone companies))))) .)) (TOP (S (NP-SBJ (NP The extension) (PP of (NP federal regulatory authority)) (PP over (NP (NP telephone utilities) (PP-LOC in (NP the Atlantic provinces))))) (VP has n't (VP required (NP special legislation) (SBAR-PRP because (S (NP-SBJ they) (VP are (ADJP-PRD investor-owned)))))) .)) (TOP (S (NP-SBJ Amdura Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 (NP its bank group) , (VP led (NP *) (PP by (NP-LGS Chicago-based Continental Bank))) ,) (VP (VP agreed (S (NP-SBJ *-1) (VP to (VP extend (NP its (ADJP (QP $ 40 million) *U*) bridge loan) (PP-TMP-CLR until (NP March 31 , 1990)))))) , and (VP gave (NP it) (NP a new (ADJP (QP $ 30 million) *U*) credit line)))))) .)) (TOP (S (PP-LOC Under (NP (NP terms) (PP of (NP the loan agreement)))) , (NP-SBJ Amdura) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP omit (NP (NP the next quarterly dividends) (PP on (NP (NP its Series A , B , C and D preferred shares) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD due (NP-TMP Nov. 15))))))))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ the preferred stock) (VP is (ADJP-PRD cumulative)))) , (NP-SBJ Amdura) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP pay (NP (NP all omitted dividends) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP range (PP-CLR from (NP (NP (QP $ 1.19 to $ 4.88) *U*) (NP-ADV a share)))))) ,) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 debt-reduction requirements) (VP have (VP been (VP met (NP *-1) (ADVP-TMP *T*-3))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Amdura 's) bridge loan) , (NP (NP part) (PP of (NP (NP the financing) (PP for (NP (NP (NP Amdura 's) acquisition) (PP of (NP CoastAmerica)) (PP-TMP in (NP December 1988))))))) ,) (VP was (S-PRD (NP-SBJ *-1) (VP to (VP come (ADJP-PRD due) (NP-TMP next Friday))))) .)) (TOP (S (NP-SBJ-2 (NP (NP The company 's) new management) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP took (NP (NP control) (PP of (NP (NP Amdura 's) board))) (PP-TMP after (NP (NP a consent solicitation) (NP-TMP last month)))))) ,) (VP wanted (S (NP-SBJ *-2) (VP to (VP extend (NP the loan) (SBAR-TMP while (S (NP-SBJ-3 it) (VP tries (S (NP-SBJ *-3) (VP to (VP sell (NP two units))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Proceeds) (PP from (NP those sales))) (VP will (VP be (VP used (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP reduce (NP debt))))))) .)) (TOP (S (NP-SBJ (NP Amdura) , (NP a Denver (UCP hardware and automotive) distributor) ,) (VP said (SBAR 0 (S (NP-SBJ the new credit agreement) (VP will (VP provide (NP (NP the working capital) (VP needed (NP *) (S-CLR (NP-SBJ *) (VP to (VP meet (NP ongoing requirements))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Three savings-and-loan institutions) (PP-LOC in (NP Kansas and Texas))) (VP were (VP added (NP *-1) (PP-CLR to (NP (NP the Resolution Trust Corp. 's) conservatorship program)) (SBAR-TMP after (S (NP-SBJ federal regulators) (VP (VP declared (S (NP-SBJ the thrifts) (ADJP-PRD insolvent))) and (VP named (S (NP-SBJ the RTC) (NP-PRD their receiver)))))))) .)) (TOP (S (NP-SBJ-1 (NP The (NX (NX deposits) , (NX assets) and (NX certain liabilities))) (PP of (NP the three thrifts))) (VP were (VP transferred (NP *-1) (PP-CLR to (NP (ADJP newly chartered) federal mutual institutions)))) .)) (TOP (S (NP-SBJ The three institutions) (VP are : (NP-PRD (NP (NP Mid Kansas Federal Savings & Loan Association) , (NP-LOC Wichita) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP (NP (QP $ 830.5 million) *U*) (PP in (NP assets))))))) ; (NP (NP (NP Valley Federal Savings & Loan Association) (PP of (NP McAllen)) , (NP-LOC (NP McAllen) , (NP Texas)) , (PP with (NP (NP (QP $ 582.6 million) *U*) (PP in (NP assets)))))) ; and (NP (NP Surety Savings Association) , (NP-LOC El Paso) , (PP with (NP (NP (QP $ 309.3 million) *U*) (PP in (NP assets))))))) .)) (TOP (S (NP-SBJ The three insolvent thrifts) (VP will (VP maintain (NP normal business hours and operations) (PP under (NP RTC-appointed managing agents)) , (SBAR-TMP while (S (NP-SBJ-1 the RTC) (VP tries (S (NP-SBJ *-1) (VP to (VP negotiate (NP permanent resolutions))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ-1 (NP Century Bank) , (NP-LOC (NP Phoenix) , (NP Ariz.) ,)) (VP was (VP closed (NP *-1) (PP by (NP-LGS Arizona banking officials)))) .)) (TOP (S (NP-SBJ The Federal Deposit Insurance Corp.) (VP approved (NP (NP the assumption) (PP of (NP (NP Century 's) (NX (NX deposits) and (NX (ADJP fully secured) liabilities)))) (PP by (NP (NP a (ADJP newly chartered) subsidiary) (PP of (NP (NP Valley Capital Corp.) , (NP-LOC Las Vegas))))))) .)) (TOP (S (S (NP-SBJ-1 The new institution) (VP is (ADVP also) (VP called (S (NP-SBJ *-1) (NP-PRD Century Bank))))) , and (S (NP-SBJ (NP the failed bank 's) five offices) (VP will (VP reopen (NP-TMP today)))) .)) (TOP (S (NP-SBJ The failed bank) (VP had (NP (NP assets) (PP of (NP (QP about $ 129.6 million) *U*)))) .)) (TOP (S (NP-SBJ The (ADJP newly chartered) bank) (VP will (VP (VP assume (NP (NP (QP about $ 125.7 million) *U*) (PP in (NP 10,300 deposit accounts)))) and (VP pay (NP the FDIC) (NP (NP a purchase premium) (PP of (NP (QP $ 2.9 million) *U*)))))) .)) (TOP (S (S (NP-SBJ It) (ADVP also) (VP will (VP buy (NP (NP (QP about $ 91.7 million) *U*) (PP of (NP assets)))))) , and (S (NP-SBJ the FDIC) (VP will (VP advance (NP (QP $ 31.8 million) *U*) (PP-CLR to (NP the assuming bank))))) .)) (TOP (S (NP-SBJ-3 (NP Lonrho PLC) (PP of (NP Britain))) (VP is (S-PRD (NP-SBJ *-3) (VP to (VP come (PP-DIR to (NP (NP the rescue) (PP of (NP the French distribution group Societe Commerciale de l'Ouest Africaine))))))) (PP-LOC in (NP (NP an operation) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP engineered (NP *-1) (PP with (NP (NP the Paribas financial group) , (NP (NP Societe Commerciale 's) main shareholder))))))))))) .)) (TOP (S (NP-SBJ The announcement) (VP came (SBAR-TMP as (S (NP-SBJ (NP Societe Commerciale) , (NP (NP a trading company) (PP with (NP (NP activities) (PP-LOC in (NP (QP more than 40) countries))))) ,) (VP reported (NP (NP a loss) (PP of (NP (NP (QP 320.5 million) francs) (PRN -LRB- (NP (QP $ 51 million) *U*) -RRB-))) (PP for (NP (NP the first six months) (PP of (NP this year))))) , (PP-PRP partly because of (NP (NP provisions) (PP on (NP future losses)))))))) .)) (TOP (S (NP-SBJ The rescue operation) (VP will (VP consist (PP-CLR of (NP (NP a capital boost) (PP for (NP Societe Commerciale)) (PP of (NP (QP one billion) francs)) (PP through (NP (NP issues) (PP of (NP (NP new shares) and (NP convertible bonds))))))))) .)) (TOP (S (NP-SBJ Cie . Financiere de Paribas) (VP said (SBAR 0 (S (NP-SBJ-3 it) (VP intends (S (NP-SBJ *-3) (VP to (VP transfer (NP (NP its (ADJP 30 %) shareholding) (PP in (NP Societe Commerciale))) (PP-CLR to (NP (NP a new company) (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP (ADVP-MNR jointly) owned (NP *-1) (PP with (NP Lonrho)))))))))))))))) .)) (TOP (S (NP-SBJ This) (VP will (VP give (NP Paribas and Lonrho) (NP (NP joint control) (PP of (NP Societe Commerciale))))) .)) (TOP (S (NP-SBJ Paribas) (VP said (SBAR 0 (S (NP-SBJ Lonrho) (VP will (VP participate (PP-CLR in (NP (NP the forthcoming capital boost) (PP for (NP Societe Commerciale))))))))) .)) (TOP (S (NP-SBJ (NP International Business Machines Corp.) and (NP MCA Inc.)) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP their Discovision Associates joint venture) (PP-DTV to (NP (NP U.S. units) (PP of (NP Pioneer Electronic Corp.)))) (PP-CLR for (NP (QP $ 200 million) *U*))))))))) .)) (TOP (S (NP-SBJ The joint venture) (VP licenses (NP (NP a portfolio) (PP of (NP (NP (QP about 1,400) (NX (NX patents) and (NX patent applications))) (VP relating (PP-CLR to (NP optical-disk recording technology))))))) .)) (TOP (S (NP-SBJ IBM and MCA) (VP formed (NP-1 Discovision) (PP-TMP in (NP 1979)) (S-PRP (NP-SBJ *-1) (VP to (VP make (NP laser-read optical products))))) .)) (TOP (S But (NP-SBJ the partners) (VP did n't (VP believe (SBAR 0 (S (NP-SBJ (NP the market) (PP for (NP the systems))) (VP was (VP developing (ADVP-MNR (ADVP as rapidly) (SBAR as (S (NP-SBJ they) (VP had (VP hoped (SBAR 0 (S *?*))))))))))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (ADVP reportedly) (VP investing (NP (QP $ 100 million) *U*) (PP-CLR in (NP the business))))) , (NP-SBJ-1 Discovision) (VP (VP ceased (NP manufacturing operations) (PP-TMP in (NP 1982))) and (VP sold (NP (NP many) (PP of (NP its assets))) (PP-DTV to (NP (NP Tokyo-based Pioneer) , (PP-LOC among (NP others)))))) .)) (TOP (S (NP-SBJ Discovision) (ADVP-TMP now) (VP has (NP (NP world-wide license agreements) (PP with (NP major manufacturers)) (VP covering (NP (NP CD audio disks) , (NP audio disk players) , (NP videodisks) and (NP videodisk players))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP licenses (NP (ADJP optically based) data storage and retrieval devices)) .)) (TOP (S (NP-SBJ (NP James N. Fiedler) , (NP (NP (NP president) (PP of (NP Discovision))) and (NP (NP a vice president) (PP of (NP MCA)))) ,) (VP said (SBAR (SBAR that (S (NP-SBJ-2 IBM and MCA) (VP had n't (VP planned (S (NP-SBJ *-2) (VP to (VP sell (NP (NP the joint venture) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADVP-TMP now) (ADJP-PRD profitable)))))))))))) , but (SBAR that (S (NP-SBJ Pioneer) (VP approached (NP Discovision) (NP-TMP earlier this year)))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP is n't (ADJP-PRD certain) (SBAR-2 whether (S (NP-SBJ (NP Discovision 's) current management) (VP will (VP remain (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Pioneer) (VP buys (NP the company) (ADVP-TMP *T*-1)))))))))))) .)) (TOP (S (NP-SBJ-1 The agreement) (VP (VP is (ADJP-PRD contingent (PP on (NP certain government approvals)))) and (VP should (VP be (VP completed (NP *-1) (NP-TMP later this year))))) .)) (TOP (S (NP-SBJ Tokyo stocks) (VP closed (ADVP-CLR higher) (PP-LOC in (NP (ADJP (ADJP moderately active) but (ADJP directionless)) trading)) (SBAR-TMP as (S (NP-SBJ-1 (NP the recent anxiety) (PP-LOC in (NP world stock markets))) (VP continued (S (NP-SBJ *-1) (VP to (VP fade))))))) .)) (TOP (S (NP-SBJ-1 London shares) (ADVP also) (VP closed (S-CLR (NP-SBJ *-1) (ADJP-PRD firmer)) (PP-LOC in (NP (NP thin trading) (VP driven (NP *) (ADVP largely) (PP by (NP-LGS (NP technical factors) and (NP (NP support) (PP from (NP a new Wall Street rally))))))))) .)) (TOP (S (NP-SBJ Prices) (ADVP also) (VP rose (PP-LOC on (NP (NP (ADJP almost every) other major exchange) (PP-LOC in (NP (NP Europe) , (NP Asia) and (NP the Pacific)))))) .)) (TOP (S (NP-SBJ (NP (NP Tokyo 's) Nikkei index) (PP of (NP 225 issues)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP gained (NP 111.48 points) (NP-TMP Wednesday)))) ,) (VP climbed (NP-EXT (NP 266.66) , or (NP 0.76 %) ,) (PP-DIR to (NP 35374.22))) .)) (TOP (S (NP-SBJ-1 (NP Volume) (PP on (NP the first section))) (VP was (VP estimated (NP *-1) (PP-CLR at (NP (QP 800 million) shares)) , (PP compared (PP with (NP (QP 841 million)) (NP-TMP Wednesday))))) .)) (TOP (S (NP-SBJ Winners) (VP outnumbered (NP losers) (ADVP 645-293) , (SBAR with (S (NP-SBJ 186 issues) (ADJP-PRD unchanged)))) .)) (TOP (S (PP-LOC In (NP early trading)) (PP-LOC in (NP Tokyo)) (NP-TMP Friday) , (NP-SBJ the Nikkei index) (VP rose (NP-EXT 170.65 points) , (PP-DIR to (NP 35544.87))) .)) (TOP (S (PP-TMP On (NP Thursday)) , (NP-SBJ (NP the Tokyo Stock Price Index) (PP of (NP (NP all issues) (VP listed (NP *) (PP-LOC in (NP the first section))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP gained (NP 0.24 point) (NP-TMP Wednesday)))) ,) (VP was (ADVP-PRD up (NP (NP 22.78) , or (NP 0.86 %) ,)) (PP-CLR at (NP 2665.66))) .)) (TOP (S (S-TPC-4 (S (NP-SBJ-1 The morning session) (VP was (VP dominated (NP *-1) (PP by (NP-LGS individuals and dealers))))) , but (S (NP-SBJ-2 some institutions) (VP participated (PP-TMP in (NP the afternoon)) , (S-ADV (NP-SBJ-3 *-2) (VP encouraged (NP *-3) (PP by (NP-LGS (NP the market 's) firmness))))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ-1 Sentiment) (VP was (VP helped (NP *-1) (PP by (NP-LGS (NP the small gain) (VP made (NP *) (PP by (NP-LGS New York stocks)) (NP-TMP Wednesday)))) (PP despite (NP (NP anxiety) (PP over (NP (NP possible effects) (PP of (NP (NP the major earthquake) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP struck (NP northern California) (NP-TMP Tuesday)))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Having (VP survived (NP both (NP (NP last Friday 's) (ADJP 6.9 %) Wall Street plunge) and (NP (NP the immediate aftermath) (PP of (NP the San Francisco Bay area earthquake))))))) , (NP-SBJ-1 Tokyo market participants) (VP expressed (NP relief (SBAR that (S (NP-SBJ trading) (VP had (VP returned (PP-DIR to (NP normal)))))))) .)) (TOP (S (NP-SBJ (NP Hiroyuki Murai) , (NP (NP general manager) (PP of (NP the stock trading division)) (PP-LOC at (NP Nikko Securities))) ,) (VP said (SBAR that (S (PP-TMP after (S-NOM (NP-SBJ *-1) (VP looking (PP-CLR at (NP (NP the reasons) (PP for (NP (NP Friday 's) Wall Street plunge))))))) , (NP-SBJ-1 participants) (VP realized (SBAR that (S (NP-SBJ the Tokyo and New York markets) (VP have (NP different economic fundamentals)))))))) .)) (TOP (S-1 (NP-SBJ This conclusion) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (VP restored (NP (NP the credibility) (PP of (NP Tokyo stocks)))) .)) (TOP (S (NP-SBJ (NP Yoshiaki Mitsuoka) , (NP (NP head) (PP of (NP the investment information department)) (PP-LOC at (NP Daiwa Investment Trust & Management))) ,) (VP said (SBAR that (S (SBAR-ADV if (S (NP-SBJ New York stocks) (ADVP just) (VP fluctuate (PP-LOC in or near (NP their current range))))) , (NP-SBJ the Tokyo market) (VP will (VP remain (ADJP-PRD firm (PP with (NP a (ADJP moderately upward) trend))) (PP-TMP for (NP (NP the rest) (PP of (NP the year))))))))) .)) (TOP (S But (NP-SBJ traders) (VP said (SBAR 0 (S (NP-SBJ the market) (VP lacks (NP (NP a base) (SBAR (WHPP-1 on (WHNP which)) (S (NP-SBJ *) (VP to (VP set (NP long-term buying strategy) (PP-CLR *T*-1)))))) , (SBAR-PRP as (S (NP-SBJ (NP the future direction) (PP of (NP U.S. interest rates))) (VP remains (ADJP-PRD unclear)))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ Investor interest) (VP switches (ADVP back and forth) (ADVP-MNR ceaselessly) (SBAR-ADV as (S (NP-SBJ-1 they) (VP are (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP shift (NP their weight) (PP-DIR to (NP one side)) (PP for (ADVP sure))))))))))) , '' (NP-SBJ (NP Mr. Mitsuoka) (PP of (NP Daiwa Investment Trust))) (VP said (S *T*-2)) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Many) (PP of (NP (NP Wednesday 's) winners))) (VP were (NP-PRD losers) (NP-TMP yesterday) (SBAR-ADV as (S (NP-SBJ investors) (VP (ADVP-MNR quickly) (VP took (NP profits)) and (VP rotated (NP their buying) (PP-DIR to (NP other issues)))))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Pharmaceuticals) (VP made (NP across-the-board advances)) .)) (TOP (S (S (NP-SBJ Fujisawa Pharmaceutical) (VP gained (NP 130) (PP-DIR to (NP (NP (NP 1,930 yen) (PRN -LRB- (NP $ 13.64 *U*) -RRB-)) (NP-ADV a share))))) , (S (NP-SBJ Mochida Pharmaceutical) (VP was (ADVP-PRD up (NP 150)) (PP-CLR at (NP 4,170)))) , and (S (NP-SBJ Eisai) (VP advanced (NP-EXT 60) (PP-DIR to (NP 2,360)))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 Housing issues) (VP were (VP boosted (NP *-1) (PP by (NP-LGS a report (SBAR that (S (NP-SBJ-2 Daiwa House) (VP expects (S (NP-SBJ *-2) (VP to (VP post (NP (ADJP (ADVP 43 %) higher) earnings) (PP for (NP its latest fiscal year))))))))))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (S (NP-SBJ Daiwa House) (VP advanced (NP-EXT 100) (PP-DIR to (NP 2,610)))) , (S (NP-SBJ Misawa Homes) (VP was (ADVP-PRD up (NP 60)) (PP-CLR at (NP 2,940)))) , and (S (NP-SBJ Sekisui House) (VP gained (NP 100) (PP-DIR to (NP 2,490)))) .)) (TOP (S (S-TPC-1 (NP-SBJ Leading construction companies) (ADVP also) (VP attracted (NP interest) (PP-PRP for (NP their strong earnings outlooks)))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP They) and (NP (ADJP many other) major Japanese corporations)) (VP will (VP issue (NP (NP results) (PP *ICH*-1)) (ADVP-TMP soon) (PP-1 for (NP (NP the fiscal first half) (VP ended (NP-TMP Sept. 30)))))) .)) (TOP (S (S (NP-SBJ-1 Ohbayashi) (VP was (ADVP-PRD up (NP 60)) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP 1,680))))))) , (S (NP-SBJ Shimizu) (VP gained (NP 50) (PP-DIR to (NP 2,120)))) , and (S (NP-SBJ Kumagai-Gumi) (VP advanced (NP-EXT 40) (PP-DIR to (NP 1,490)))) .)) (TOP (S (NP-SBJ Other winners) (VP included (NP (NP real estate issues) (NP (NP (NP Mitsubishi Estate) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP closed (PP-CLR at (NP 2,500)) , (ADVP up (NP 130)))))) , and (NP (NP Mitsui Real Estate Development) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP gained (NP 100) (PP-DIR to (NP 2,890))))))))) .)) (TOP (S (NP-SBJ-1 Steel shares) (VP fell (ADVP-DIR back) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP advancing (PP-TMP for (NP three days)))))) .)) (TOP (S (S (NP-SBJ Kawasaki Steel) (VP was (ADVP-PRD down (NP 11)) (PP-CLR at (NP 788)))) , (S (NP-SBJ Kobe Steel) (VP lost (NP 5) (PP-DIR to (NP 723)))) , and (S (NP-SBJ Nippon Steel) (VP slipped (NP-EXT 6) (PP-DIR to (NP 729)))) .)) (TOP (S (NP-SBJ (NP Mitsubishi Rayon) , (NP (NP a leading advancer) (NP-TMP Wednesday)) ,) (VP fell (NP-EXT 44) (PP-DIR to (NP 861)) (SBAR-ADV as (S (NP-SBJ investors) (VP grabbed (NP profits))))) .)) (TOP (S (NP-SBJ-1 (NP London 's) Financial Times-Stock Exchange 100-share index) (VP finished (S-CLR (NP-SBJ *-1) (ADJP-PRD (NP 19.2 points) higher)) (PP-CLR at (NP 2189.3))) .)) (TOP (S (NP-SBJ-1 The Financial Times 30-share index) (VP ended (S-CLR (NP-SBJ *-1) (ADVP-PRD (NP 13.6) higher)) (PP-CLR at (NP 1772.1))) .)) (TOP (S (NP-SBJ-1 Volume) (VP continued (S (NP-SBJ *-1) (VP to (VP ease (PP-DIR from (NP (NP the active dealings) (PP-TMP at (NP (NP the start) (PP of (NP the week)))))))))) .)) (TOP (S (NP-SBJ Turnover) (VP was (NP-PRD (QP 382.9 million) shares) , (PP compared (PP with (NP (QP 449.3 million)) (NP-TMP Wednesday)))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ-1 the market) (VP was (VP underpinned (NP *-1) (PP by (NP-LGS (NP a squeeze) (PP-LOC in (NP FT-SE 100 stocks)))) , (PP-LOC particularly among (NP (NP market-makers) (VP seeking (NP (NP shares) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP had (VP been (VP hit (NP *-2) (ADVP-MNR hard) (PP-TMP in (NP recent weeks))))))) , (PP such as (NP (NP retailers) and (NP building-related concerns)))))))))))) .)) (TOP (S-1 But (PP despite (NP (NP the flurry) (PP of (NP (NP interest) (PP in (NP those shares)))))) (PRN , (S (NP-SBJ dealers) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the market) (VP remains (ADJP-PRD nervous (PP about (NP (NP (NP Wall Street 's) volatility) and (NP high U.K. interest rates))))) .)) (TOP (S (NP-SBJ (NP U.K. money supply figures) (PP for (NP September)) , (VP released (NP *) (NP-TMP yesterday)) ,) (VP showed (NP (NP continued growth) (PP-LOC in (NP (ADJP corporate and personal) lending)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP keep (NP pressure (S *ICH*-2)) (PP-LOC-CLR on (NP the government)) (S-2 (NP-SBJ *) (VP to (VP maintain (NP tight credit)))))))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-2 Among (NP (NP the stocks) (VP featured (NP *) (PP-LOC in (NP (NP the market-makers ') squeeze))))) (VP was (PP-LOC-PRD *T*-2)) (NP-SBJ (NP Sears) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP closed (PP-CLR at (NP (NP (NP 107 pence) (PRN -LRB- (NP $ 1.70 *U*) -RRB-)) (NP-ADV a share))) , (ADVP up (NP 3)))))) .)) (TOP (S (NP-SBJ (NP General Universal Stores) , (NP (NP another top-tier stock) (VP hit (NP *) (ADVP-TMP recently) (PP by (NP-LGS (NP concerns) (PP over (NP retail demand)) (PP in (NP (NP the face) (PP of (NP high interest rates)))))))) ,) (VP gained (NP 20) (PP-DIR to (NP (QP # 10.44) *U*))) .)) (TOP (S (NP-SBJ Storehouse) (VP gained (NP 2) (PP-DIR to (X *?*))))) (TOP (S (NP-SBJ Another active FT-SE 100 stock) (VP was (NP-PRD (NP clothing and furniture retailer Burton) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP gained (NP 6) (PP-DIR to (NP 196))))))) .)) (TOP (S (NP-SBJ Insurers) (VP recovered (NP ground) (ADVP-TMP again) (PP on (NP (NP market-maker demand) and (NP (NP speculative buying) (VP linked (NP *) (PP-CLR to (NP (NP talk) (PP of (NP (NP mergers) (PP-LOC in (NP the industry)) (PP-TMP before (NP (NP (NP the European Community 's) planned market unification) (PP-TMP in (X *?*))))))))))))))) (TOP (S (NP-SBJ-1 Royal Insurance) (VP was (NP-PRD (NP the sector 's) hottest issue) , (S-ADV (NP-SBJ-2 *-1) (VP ending (S-CLR (NP-SBJ *-2) (ADJP-PRD (NP 15) higher)) (PP-CLR at (NP 465))))) .)) (TOP (S (S (NP-SBJ-1 Sun Alliance) (VP fell (NP-EXT 1) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP 289))))))) , and (S (NP-SBJ General Accident) (VP jumped (NP-EXT 10) (PP-DIR to (NP (QP # 10.13) *U*)))) .)) (TOP (S (NP-SBJ B.A.T Industries) (VP surged (PP-LOC in (NP afternoon dealings)) (SBAR-TMP after (S (NP-SBJ-1 its shareholders) (VP approved (NP a plan (S (NP-SBJ *) (VP to (VP dispose (PP-CLR of (NP its U.S. and U.K. retailing operations)))))) (S-PRP (NP-SBJ *-1) (VP to (VP fend (PRT off) (NP (NP Hoylake Investment 's) (ADJP (ADJP (QP # 13.4 billion) *U*) (PRN -LRB- (ADJP (QP $ 21.33 billion) *U*) -RRB-)) hostile bid)))))))) .)) (TOP (S (PP With (S-NOM (NP-SBJ the company) (ADVP also) (VP exercising (NP a plan (S (NP-SBJ *) (VP to (VP buy (ADVP back) (NP (NP (QP as many as 10) %) (PP of (NP (NP its shares) (ADJP outstanding))))))))))) , (NP-SBJ B.A.T) (VP closed (PP-CLR at (NP 783)) , (ADVP up (NP 27))) .)) (TOP (S (NP-SBJ Turnover) (VP was (NP-PRD (QP 6.8 million) shares) , (PP including (NP (NP (QP about four million) shares) (VP traded (NP *) (PP-TMP in (NP the afternoon)) (PP-TMP after (NP (NP the shareholders ') meeting)))))) .)) (TOP (S (NP-SBJ B.A.T) (VP said (SBAR 0 (S (NP-SBJ it) (VP purchased (NP (QP 2.5 million) shares) (PP-CLR at (NP 785)))))) .)) (TOP (S (PP-LOC In (NP other European markets)) , (NP-SBJ-1 shares) (VP (VP closed (S-CLR (NP-SBJ *-1) (ADJP-PRD-2 sharply higher)) (PP-LOC-3 in (NP Stockholm , Frankfurt , Zurich and Paris))) and (VP (ADJP-PRD=2 higher) (PP-LOC=3 in (NP Milan , Amsterdam and Brussels)))) .)) (TOP (S (NP-SBJ-1 (ADJP South African) gold stocks) (VP closed (S-CLR (NP-SBJ *-1) (ADJP-PRD firmer))) .)) (TOP (S (NP-SBJ-1 Prices) (ADVP also) (VP (VP closed (S-CLR (NP-SBJ *-1) (ADJP-PRD higher)) (PP in (NP (NP Singapore) , (NP Sydney) , (NP Taipei) , (NP Wellington) , (NP Hong Kong) and (NP Manila)))) but (VP were (ADJP-PRD lower) (PP-LOC in (NP Seoul)))) .)) (TOP (S (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP price trends) (PP-LOC on (NP (NP the world 's) major stock markets)) , (SBAR as (S (NP-SBJ-2 *) (VP calculated (NP *-2) (PP by (NP-LGS (NP Morgan Stanley Capital International Perspective) , (NP-LOC Geneva))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP make (S (NP-SBJ them) (ADJP-PRD directly comparable))))) , (NP-SBJ-1 each index) (VP is (VP based (NP *-1) (PP-CLR on (S-NOM (NP-SBJ (NP the close) (PP of (NP 1969))) (VP equaling (NP 100)))))) .)) (TOP (S (NP-SBJ The percentage change) (VP is (PP-PRD since (NP year-end))) .)) (TOP (S (NP-SBJ-1 (NP The federal response) (PP to (NP (NP California 's) earthquake crisis))) (VP was (VP marred (NP *-1) (PP by (NP-LGS (NP coast-to-coast name-calling) (PP between (NP (NP the White House) and (NP (NP San Francisco 's) Mayor Art Agnos))))))) .)) (TOP (S (NP-SBJ Mr. Agnos) (VP complained (SBAR that (S (NP-SBJ-1 he) (VP was (VP `` ticked (NP *-1) (PRT off) '' (SBAR that (S (NP-SBJ (NP Vice President Dan Quayle) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP toured (NP the earthquake site) (NP-TMP Wednesday)))) ,) (VP did n't (VP schedule (NP (NP a private meeting) (PP with (NP him)))))))))))) .)) (TOP (S (NP-SBJ The mayor) (VP said (SBAR 0 (S (NP-SBJ the Quayle visit) (VP was `` (NP-PRD a publicity stunt))))) . '')) (TOP (S (NP-SBJ The White House) (VP said (SBAR 0 (S (NP-SBJ-1 (NP Mr. Quayle 's) staff) (VP (VP had (VP invited (NP the mayor) (PP-CLR to (NP (NP two meetings) (PP of (NP (NP the vice president) and (NP (NP groups) (PP of (NP local officials))))))))) and (VP had (VP offered (S (NP-SBJ *-1) (VP to (VP dispatch (NP-2 a helicopter) (S-CLR (NP-SBJ *-2) (VP to (VP pick (NP him) (PRT up))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Mr. Agnos) (VP declined (NP the invitations))) , (NP-SBJ the White House) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Marlin Fitzwater) , (NP White House press secretary) ,) (ADVP also) (VP asserted (SBAR that (S (NP-SBJ-1 Mr. Agnos) (VP had (VP failed (S (NP-SBJ *-1) (VP to (VP return (NP (NP telephone calls) (PP from (NP (NP John Sununu) , (NP (NP White House chief) (PP of (NP staff)))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP regret (ADVP very much) (SBAR that (S (NP-SBJ-1 (NP the mayor) (PP of (NP San Francisco))) (VP has (VP decided (S (NP-SBJ *-1) not (VP to (VP cooperate (PP with (NP us)) (PP on (NP this matter)) (PP in (S-NOM (NP-SBJ *) (VP making (S (ADJP-PRD sure) (SBAR-SBJ that (S (NP-SBJ there) (VP is (NP-PRD adequate federal support) (PP for (NP (NP the disaster) (PP-LOC in (NP his city)))))))))))))))))))) , '' (NP-SBJ Mr. Fitzwater) (VP said (S *T*-2)) .)) (TOP (S (PP-TMP By (NP late yesterday)) , (NP-SBJ-1 both sides) (VP appeared (S (NP-SBJ-2 *-1) (VP prepared (S (NP-SBJ *-2) (VP to (VP bury (NP the hatchet))))))) .)) (TOP (S (NP-SBJ The White House) (VP announced (SBAR that (S (NP-SBJ-1 (NP Mr. Agnos) , (PP along (PP with (NP (NP the mayors) (PP of (NP Oakland and Alameda))))) ,) (VP are (S (NP-SBJ *-1) (VP to (VP accompany (NP President Bush) (PP on (NP (NP a tour) (PP of (NP the earthquake area)))) (NP-TMP today)))))))) .)) (TOP (S And (NP-SBJ one White House official) (VP reported (SBAR that (S (NP-SBJ-1 Mr. Agnos) (VP had (VP been `` (ADJP-PRD very helpful) '' (PP in (S-NOM (NP-SBJ *-1) (VP making (NP (NP arrangements) (PP for (NP (NP (NP Mr. Bush 's) (ADJP hastily scheduled) trip) (PP to (NP California))))))))))))) .)) (TOP (S (NP-SBJ Gold and silver broker Preston Semel) (VP asked (NP-1 a federal court) (S (NP-SBJ *-1) (VP to (VP halt (NP-2 the Commodity Exchange) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP imposing (NP a record (ADJP $ 550,000 *U*) fine) (PP-CLR on (NP his firm))))))))) .)) (TOP (S (NP-SBJ (NP The suit) , (VP filed (NP *) (PP-LOC in (NP federal court)) (PP-LOC in (NP Manhattan))) ,) (ADVP also) (VP asks (SBAR that (S (NP-SBJ-1 (NP (NP the Comex 's) nine-month suspension) (PP of (NP Mr. Semel))) (VP be (VP lifted (NP *-1) , (PP pending (NP (NP (NP the broker 's) appeal) (PP of (NP the disciplinary measures))))))))) .)) (TOP (S (NP-SBJ (NP The fine and suspension) , (VP announced (NP *) (PP-TMP in (NP August))) ,) (VP are (NP-PRD (NP the stiffest sanctions) (SBAR (WHNP-1 0) (S (NP-SBJ the Comex) (VP has (ADVP-TMP ever) (VP ordered (NP *T*-1) (PP-CLR against (NP (NP one) (PP of (NP its members)))))))))) .)) (TOP (S (NP-SBJ The Comex) (VP accused (NP the 39-year-old Mr. Semel) (PP-CLR of (NP `` (NP fraudulent conduct) '' and (NP improper trading)))) .)) (TOP (S (NP-SBJ The disciplinary proceedings) (VP stem (PP-CLR from (NP (NP trading) (PP-TMP in (NP April 1987))))) .)) (TOP (S (NP-SBJ (NP Mr. Semel) and (NP (NP his firm) , (NP Semel & Co.) ,)) (VP have (VP appealed (NP (NP the Comex decision) and (NP the sanctions)) (PP-CLR to (NP the Commodity Futures Trading Commission)))) .)) (TOP (S (NP-SBJ The commission) (VP denied (NP (NP Mr. Semel 's) request (SBAR that (S (NP-SBJ-1 the fine and suspension) (VP be (VP delayed (NP *-1) (PP pending (NP the appeal)))))))) .)) (TOP (S (NP-SBJ The lawsuit) (VP states (SBAR that (S (SBAR-ADV unless (S (NP-SBJ-1 the sanctions) (VP are (VP halted (NP *-1) (PP pending (NP an appeal)))))) , (S (NP-SBJ-3 (NP the broker) and (NP his firm)) `` (VP will (VP be (VP (ADVP-MNR irreparably) injured (NP *-3))))) and (S (NP-SBJ-2 their business) (VP will (VP be (VP (ADVP-MNR totally and permanently) destroyed (NP *-2)))))))) . '')) (TOP (S-2 (S (ADVP-TMP Already) (NP-SBJ the firm) (VP has (VP paid (NP (NP $ 211,666 *U*) (PP of (NP the fine)))))) (PRN , (S (NP-SBJ the suit) (VP said (SBAR 0 (S *T*-2)))) ,) and (S (NP-SBJ-1 it) (VP will (VP have (S (NP-SBJ-3 *-1) (VP to (VP liquidate (NP additional assets) (SBAR-PRP in order (S (NP-SBJ *-3) (VP to (VP pay (NP the rest))))))))))) .)) (TOP (S (NP-SBJ-1 (NP A spokesman) (PP for (NP the Comex))) (VP could n't (VP be (VP reached (NP *-1) (S-PRP (NP-SBJ *-1) (VP to (VP comment)))))) .)) (TOP (S (NP-SBJ The Federal National Mortgage Association) (VP said (SBAR 0 (S (NP-SBJ-1 (NP 39 lenders) (PP-LOC across (NP the U.S.))) (VP have (VP agreed (S (NP-SBJ *-1) (VP to (VP offer (NP home loans) (PP-LOC under (NP (NP (NP Fannie Mae 's) pilot program) (PP for (NP elderly people)))))))))))) .)) (TOP (S (NP-SBJ (NP Fannie Mae) , (NP a (ADJP (ADJP federally chartered) and (ADJP shareholder-owned)) company) ,) (VP said (SBAR 0 (S (NP-SBJ the lenders) (VP include (NP (NP Prudential Home Mortgage Co.) , (NP (NP a unit) (PP of (NP (NP Prudential Insurance Co.) (PP of (NP America)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP operates (PP-LOC in (NP every state))))))))))) .)) (TOP (S (NP-SBJ-1 Prudential Insurance) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Newark) , (NP N.J))))) .)) (TOP (S (NP-SBJ-2 Fannie Mae) (VP has (VP agreed (S (NP-SBJ *-2) (VP to (VP buy (NP (NP (QP as much as $ 100 million) *U*) (PP of (NP loans))) (PP-LOC under (NP (NP (NP its Seniors ') Housing Opportunities pilot program) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP offers (NP (NP four types) (PP of (NP loans))) (PP-DTV to (NP (NP people) (UCP (NP (NP 62 years) (PP of (NP age))) or (ADJP older)))) (S-PRP (NP-SBJ *-3) (VP to (VP help (S (NP-SBJ them) (VP (VP maintain (NP their home)) or (VP obtain (NP housing))))))))))))))))) .)) (TOP (S (NP-SBJ The loans) (VP can (VP be (PP-PRD (PP for (NP accessory apartments)) , (PP for (NP (NP cottages) (VP built (NP *) (PP-LOC in (NP (NP a relative 's) yard))))) , (PP for (NP home-sharing)) or (PP for (NP sale-lease-back transactions))))) .)) (TOP (S (NP-SBJ Fannie Mae) (VP makes (NP (NP a secondary market) (PP-LOC in (NP home loans)))) .)) (TOP (S (NP-SBJ It) (VP (VP buys (NP loans) (PP-CLR from (NP lenders))) , (VP packages (NP some) (PP-CLR into (NP (NP securities) (PP for (NP (NP sale) (PP to (NP investors))))))) and (VP holds (NP the remainder) (PP-LOC-CLR in (NP a portfolio)))) .)) (TOP (S (NP-SBJ (NP Robert M. Gintel) , (NP (NP senior partner) (PP of (NP a (NAC-LOC Greenwich , Conn. ,) investment firm))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP plans (S (NP-SBJ *-1) (VP to (VP launch (NP a proxy fight) (PP against (NP (NP the board) (PP of (NP Boston-based Xtra Corp))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Gintel) , (NP (NP head) (PP of (NP Gintel & Co.))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP plans (S (NP-SBJ *-1) (VP to (VP conduct (NP a proxy contest) (S-PRP (NP-SBJ *) (VP to (VP elect (NP (NP a majority) (PP of (NP (NP Xtra 's) board)))))) (PP-LOC at (NP the next annual stockholders meeting))))))))) .)) (TOP (S (NP-SBJ (NP Xtra) , (NP a transportation leasing company) ,) (VP said (PP-LOC in (NP a statement)) (SBAR 0 (S (NP-SBJ it) (VP would (VP have (NP (NP no comment) (PP on (NP (NP Mr. Gintel 's) plans))) (SBAR-TMP until `` (S (NP-SBJ-1 further information) (VP has (VP been (VP disclosed (NP *-1) (PP by (NP-LGS him)))))))))))) . '')) (TOP (S (NP-SBJ The company) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 its 1990 annual meeting) (VP has not (VP been (VP scheduled (NP *-1))))))) .)) (TOP (S (NP-SBJ Mr. Gintel) (VP owns (NP (NP 300,000) (PP of (NP (NP (NP the company 's) (QP 6.3 million) common shares) (ADJP outstanding))))) .)) (TOP (S (NP-SBJ Xtra) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP-TMP recently) (VP bought (ADVP-CLR back) (NP (NP (QP approximately 55,000)) (PP of (NP its shares))) (ADVP pursuant (PP to (NP its existing authorization (S (NP-SBJ *) (VP to (VP acquire (NP (QP as many as 650,000) shares))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Gintel) (VP has (VP filed (NP suit) (PP-LOC in (NP Delaware Chancery Court)) , (S-ADV (NP-SBJ-2 *-1) (VP seeking (S (NP-SBJ *-2) (VP to (VP block (NP (NP Xtra 's) anti-takeover tactic)))))))) .)) (TOP (S (PP-LOC In (NP (NP a filing) (PP with (NP the Securities and Exchange Commission)))) , (NP-SBJ Mr. Gintel) (VP said (SBAR 0 (S (NP-SBJ Xtra) `` (VP has (VP pursued (NP (NP business strategies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are n't (PP-PRD in (NP (NP the best interest) (PP of (NP stockholders))))))))))))) .)) (TOP (S (NP-SBJ STOCKS AND BONDS) (VP SURGED (PP-TMP on (NP (NP the second anniversary) (PP of (NP Black Monday)))) (SBAR-ADV as (S (NP-SBJ a favorable inflation report) (VP prompted (NP (NP speculation) (PP of (NP lower interest rates))))))) .)) (TOP (S (NP-SBJ-1 The Dow Jones industrials) (VP closed (ADVP-CLR up (NP 39.55)) , (PP-CLR at (NP 2683.20)) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP rising (NP-EXT (QP over 60) points) (PP-TMP in (NP mid-afternoon)))))) .)) (TOP (S (NP-SBJ The rally) (VP brought (NP (NP the gain) (NP-TMP (ADVP so far) this week)) (PP-DIR to (NP (QP about 114) points))) .)) (TOP (S (NP-SBJ-1 The dollar) (VP finished (S-ADV (NP-SBJ *-1) (ADJP-PRD mixed)) , (SBAR-ADV while (S (NP-SBJ gold) (VP declined)))) .)) (TOP (S (NP-SBJ Consumer prices) (VP climbed (NP-EXT a moderate 0.2 %) (PP-TMP in (NP September)) , (PP-PRP mostly due (PP to (NP higher clothing costs)))) .)) (TOP (S (S (NP-SBJ-1 Energy prices) (VP continued (S (NP-SBJ *-1) (VP to (VP fall))) (PP-LOC at (NP the retail level)))) , but (S (NP-SBJ economists) (VP worried (PP-CLR about (NP (NP a big rise) (PP-LOC in (NP wholesale energy costs)))))) .)) (TOP (S (NP-SBJ-1 British Airways) (VP dropped (PP-DIR out (PP of (NP (NP the current bidding) (PP for (NP (NP United Air 's) parent))))) , (S-ADV (NP-SBJ *-1) (VP leaving (NP a UAL management-pilots group) (PP-CLR without (NP a key partner))))) .)) (TOP (S (NP-SBJ (NP British Air 's) move) (VP raised (NP (NP new questions) (PP about (NP (NP the buy-out group 's) efforts (S (NP-SBJ *) (VP to (VP revive (NP (NP a stalled bid) (PP for (NP UAL)))))))))) .)) (TOP (S (NP-SBJ-1 A capital-gains tax-cut plan) (VP was (VP dropped (NP *-1) (PP by (NP-LGS Senate Democrats)) (PP under (NP (NP pressure) (PP from (NP their leadership)))))) .)) (TOP (S (NP-SBJ The move) (VP is (NP-PRD (NP a setback) (PP for (NP (NP Bush) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP needs (NP Democratic support) (S-PRP (NP-SBJ *-2) (VP to (VP pass (NP a capital-gains cut) (PP-LOC in (NP the Senate)))))))))))) .)) (TOP (S (NP-SBJ-2 Other tax breaks) (ADVP also) (VP are (ADJP-PRD likely (S (NP-SBJ-3 *-2) (VP to (VP be (VP restored or created (NP *-3) (PP-TMP in (NP the coming months))))))) (SBAR-ADV as (S (NP-SBJ-1 special interest groups) (VP try (S (NP-SBJ *-1) (VP to (VP undo (NP the 1986 tax overhaul)))))))) .)) (TOP (S (NP-SBJ-1 Many retailers) (VP are (VP worried (NP *-1) (SBAR that (S (NP-SBJ a price war) (VP could (VP erupt (NP-TMP this Christmas) (SBAR-ADV if (S (NP-SBJ-2 (NP cash-strapped firms) (PP such as (NP Campeau))) (VP slash (NP prices) (S-PRP (NP-SBJ *-2) (VP to (VP spur (NP sales))))))))))))) .)) (TOP (S (NP-SBJ AT&T) (VP unveiled (NP (NP a sweetened early retirement plan) (PP for (NP management)) (SBAR (WHNP-1 that) (S (NP-SBJ the company) (VP hopes (SBAR 0 (S (NP-SBJ *T*-1) (VP will (VP save (NP it) (NP (QP $ 450 million) *U*) (PP-TMP in (NP the next year))))))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ profit) (VP rose (NP-EXT 19 %) (PP-TMP in (NP the third quarter))) .)) (TOP (S (NP-SBJ Chrysler) (VP will (VP idle (NP a Toledo assembly plant) (ADVP-TMP temporarily) (PP-PRP due (PP to (NP (NP slowing sales) (PP of (NP its profitable Jeep Cherokee and Wagoneer sport utility vehicles))))))) .)) (TOP (S (NP-SBJ (NP Digital Equipment 's) profit) (VP fell (NP-EXT 32 %) (PP-TMP in (NP the latest quarter)) , (S-ADV (NP-SBJ *) (VP prompting (NP (NP forecasts) (PP of (NP (NP weaker results) (ADVP-TMP ahead))))))) .)) (TOP (S (NP-SBJ-1 Analysts) (VP were (VP troubled (NP *-1) (PP by (NP-LGS (NP signs) (PP of (NP flat U.S. orders)) (PP-LOC at (NP the computer maker)))))) .)) (TOP (S (NP-SBJ-1 IBM) (VP plans (S (NP-SBJ *-1) (VP to (VP unveil (NP (QP over 50) software products) (PP-TMP on (NP Tuesday)) (S-PRP (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP end (NP (NP some) (PP of (NP (NP the problems) (PP in (S-NOM (NP-SBJ *) (VP computerizing (NP manufacturing operations))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The TV units) (PP of (NP Paramount and MCA))) (VP are (VP exploring (S (NP-SBJ *-1) (VP offering (NP prime-time programming) (PP-DTV to (NP independent stations)) (NP-TMP (NP two nights) (NP-ADV a week)))))) .)) (TOP (S (NP-SBJ (NP BankAmerica 's) profit) (VP jumped (NP-EXT 34 %) (PP-TMP in (NP the third quarter))) .)) (TOP (S (NP-SBJ-2 The rapid recovery) (VP continued (S (NP-SBJ-1 *-2) (VP to (VP be (VP fueled (NP *-1) (PP by (NP-LGS (NP (NP growth) (PP-LOC in (NP consumer loans))) , (NP higher interest margins) and (NP (ADJP only minor) loan losses)))))))) .)) (TOP (S (NP-SBJ Big Board short interest) (VP fell (NP-EXT 4.2 %) (PP-TMP for (NP (NP the month) (VP ended (NP-TMP Oct. 13)))) , (NP-ADV (NP the second decline) (PP in (NP a row)))) .)) (TOP (S (NP-SBJ (NP Borrowed shares) (PP-LOC on (NP the Amex))) (VP rose (PP-DIR to (NP another record))) .)) (TOP (S (NP-SBJ Bell Atlantic) (VP posted (NP (NP a strong earnings gain) (PP for (NP the third quarter))) , (SBAR-ADV as (SINV did (NP-SBJ Southern New England Telecommunications) (VP *?*)))) .)) (TOP (S But (NP-SBJ (NP Nynex) , (NP Pacific Telesis) and (NP U S West)) (VP had (NP lower profits)) .)) (TOP (S (NP-SBJ B.A.T Industries) (VP won (NP (NP shareholder approval) (PP for (NP (NP a defensive restructuring) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP fend (PRT off) (NP Sir James Goldsmith))))))))) .)) (TOP (S (NP-SBJ-2 (NP American Express 's) profit) (VP climbed (NP-EXT 21 %) (PP-TMP in (NP the quarter)) , (UCP (S-ADV (NP-SBJ-1 *-2) (VP aided (NP *-1) (PP by (NP-LGS (NP a surge) (PP-LOC in (NP its travel business)))))) and (PP despite (NP (NP a big rise) (PP-LOC in (NP Third World loan reserves)))))) .)) (TOP (NP Markets --)) (TOP (NP (NP Stocks) : (NP (NP Volume) (NP 198,120,000 shares)) .)) (TOP (NP (NP (NP Dow Jones industrials) (NP 2683.20) , (ADVP up (NP 39.55))) ; (NP (NP transportation) (NP 1263.51) , (ADVP up (NP 15.64))) ; (NP (NP utilities) (NP 215.42) , (ADVP up (NP 1.45))) .)) (TOP (NP (NP Bonds) : (NP (NP Shearson Lehman Hutton Treasury index) (NP 3398.65) , (ADVP up)))) (TOP (NP (NP Commodities) : (NP (NP (NP Dow Jones futures index) (NP 130.13) , (ADVP up (NP 0.23))) ; (NP (NP spot index) (NP 130.46) , (ADVP up (NP 0.10)))) .)) (TOP (NP (NP Dollar) : (NP (NP (NP 141.70 yen) , (ADVP up (NP 0.25))) ; (NP (NP 1.8470 marks) , (ADVP off (NP 0.0015)))) .)) (TOP (S (NP-SBJ (NP Computer Sciences Corp.) , (NP-LOC (NP El Segundo) , (NP Calif.) ,)) (VP said (SBAR 0 (S (NP-SBJ the National Aeronautics and Space Administration) (VP will (VP negotiate (NP (NP details) (PP of (NP (NP a contract (S *ICH*-1)) (VP valued (NP *) (PP-CLR at (NP (QP about $ 170 million) *U*))) (S-1 (NP-SBJ *) (VP to (VP provide (NP (NP software) (PP for (NP the Ames Research Center)))))))))))))) .)) (TOP (SINV (VP-TPC-2 Included (NP *-1) (PP-LOC-CLR in (NP the three-year contract))) (VP are (VP *T*-2)) (NP-SBJ-1 (NP options) (PP for (NP two one-year renewals))) .)) (TOP (S (S (NP-SBJ NASA) (VP awarded (NP the contract) (PP-DTV to (NP CSC)) (PP-TMP in (NP November)))) but (S (NP-SBJ (NP an appeal) (PP by (NP (NP Sterling Software Inc.) (PP of (NP Dallas))))) (VP sent (NP the contract) (PP-DTV to (NP (NP the General Services Administration Board) (PP of (NP Contract Appeals)))))) and (S (NP-SBJ the board) (VP required (S (NP-SBJ NASA) (VP to (VP re-evaluate (NP (NP bidders ') proposals)))))) .)) (TOP (S (NP-SBJ Sterling) (VP (VP had (VP completed (NP (NP a five-year contract) (PP for (NP NASA))))) but (VP lost (NP (NP its bid) (PP for (NP renewal))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 *-2) (VP directed (NP *-1) (PP by (NP-LGS the board))))) , (NP-SBJ-2 NASA) (VP (VP completed (NP the evaluation)) and (VP (ADVP-TMP again) chose (NP CSC))) .)) (TOP (S (PP For (NP (NP its fiscal year) (VP ended (NP-TMP March 31)))) , (NP-SBJ CSC) (VP had (NP (NP revenue) (PP of (NP (QP $ 1.3 billion) *U*)))) .)) (TOP (S (NP-SBJ AFTERSHOCKS) (VP RATTLED (NP Northern California) (PP-LOC amid (NP an earthquake cleanup))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ power and commuters) (VP returned (PP-DIR to (NP (NP much) (PP of (NP downtown San Francisco)))) (PP for (NP (NP the first time) (PP-TMP since (NP (NP (NP Tuesday 's) temblor) (PP-LOC in (NP the Bay area))))))))) , (NP-SBJ (NP three strong aftershocks) , (NP (NP one) (VP measuring (NP 5.0) (PP-LOC on (NP the Richter scale)))) ,) (VP jolted (NP the region)) .)) (TOP (S (NP-SBJ-1 Serious injuries or damages) (VP were n't (VP reported (NP *-1))) .)) (TOP (S (NP-SBJ-2 Californians) , (ADVP-TMP meanwhile) , (VP tried (S (NP-SBJ *-2) (VP to (VP cope (PP-CLR with (NP (NP still-limited services) , (NP blocked roadways) and (NP water shortages))) (PP-LOC in (NP (NP the aftermath) (PP of (NP (NP the tremor) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP left (S (NP-SBJ scores) (ADJP-PRD dead and injured))))))))))))) .)) (TOP (S (NP-SBJ Thousands) (VP remained (ADJP-PRD homeless)) .)) (TOP (S (S (NP-SBJ-1 Bush) (VP is (S-PRD (NP-SBJ *-1) (VP to (VP visit (NP the area) (NP-TMP today)))))) , and (S (NP-SBJ (NP officials) (PP-LOC in (NP Washington))) (VP estimated (SBAR that (S (NP-SBJ emergency assistance) (VP would (VP total (NP (QP at least $ 2.5 billion) *U*))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 (NP A series) (PP of (NP earthquakes))) (VP struck (NP northern China) , (S-ADV (NP-SBJ *-2) (VP (VP killing (NP (QP at least 29) people)) , (VP injuring (NP hundreds)) and (VP razing (NP (QP about 8,000) homes)))))) , (NP-SBJ the Xinhua News Agency) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The Senate) (VP rejected (NP (NP a constitutional amendment) (VP sought (NP *) (PP by (NP-LGS Bush))) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP prohibit (NP (NP desecration) (PP of (NP the U.S. flag))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the proposal) (VP won (NP a slight majority)))) , (NP-SBJ the 51-48 vote) (VP was (ADJP-PRD well short (PP of (NP (NP the two-thirds) (VP needed (NP *) (S-CLR (NP-SBJ *) (VP to (VP approve (NP (NP changes) (PP-LOC in (NP the Constitution))))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP was (VP considered (S (NP-SBJ *-1) (NP-PRD (NP a victory) (PP for (NP (NP Democratic leaders) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP favor (NP (NP a law) (VP barring (NP flag burning)))))))))))) .)) (TOP (S (NP-SBJ The House) (VP approved (NP (NP an (ADJP (QP $ 837 million) *U*) aid package) (PP for (NP Poland and Hungary)) , (SBAR-NOM (WHNP-1 (QP nearly double) what) (S (NP-SBJ Bush) (VP had (VP requested (NP *T*-1))))))) .)) (TOP (S (NP-SBJ (NP The vote) (PP of (NP 345-47))) (VP sent (NP the measure) (PP-DTV to (NP the Senate))) .)) (TOP (S (NP-SBJ (NP Britain 's) chief justice) (VP quashed (NP (NP the murder convictions) (PP of (NP four people)) (PP for (NP (NP Irish Republican Army bombings) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP killed (NP seven people) (PP-TMP in (NP 1974))))))))) .)) (TOP (S (NP-SBJ The reversal) (VP came (SBAR-TMP after (S (NP-SBJ the government) (VP conceded (SBAR that (S (NP-SBJ investigators) (VP may (VP have (VP faked (NP evidence)))))))))) .)) (TOP (S (NP-SBJ-1 (NP The `` Guildford Four) , '' (NP (NP three Irishmen) and (NP an Englishwoman)) ,) (VP have (VP been (VP imprisoned (NP *-1) (PP-TMP since (NP 1975))))) .)) (TOP (S (NP-SBJ-1 (NP The Nobel Prize) (PP in (NP literature))) (VP was (VP won (NP *-1) (PP by (NP-LGS (NP Camilo Jose Cela) , (NP a Spanish writer))))) .)) (TOP (S (NP-SBJ-1 (NP His 1942 novel) `` (NP-TTL (NP The Family) (PP of (NP Pascual Duarte))) '') (VP is (VP considered (S (NP-SBJ *-1) (NP-PRD (NP the (ADJP most popular) work) (PP of (NP fiction)) (PP in (NP Spanish)) (SBAR-TMP since (S (NP-SBJ-2 (NP Cervantes 's) `` (NX-TTL Don Quixote) '') (VP was (VP published (NP *-2) (ADVP-TMP (NP 400 years) ago))))))))) .)) (TOP (S (NP-SBJ (NP The Swedish Academy) (PP-LOC in (NP Stockholm))) (VP cited (NP the 73-year-old Cela) (PP for `` (NP (ADJP rich and intensive) prose))) . '')) (TOP (S (NP-SBJ-1 (NP The editor) (PP of (NP Pravda))) (VP was (VP (VP dismissed (NP *-1)) and (VP succeeded (NP *-1) (PP by (NP-LGS (NP a confidant) (PP of (NP Soviet leader Gorbachev))))))) .)) (TOP (S (NP-SBJ-1 (NP The action) (PP-LOC at (NP (NP the Communist Party daily) , (VP viewed (NP *) (PP-CLR as (NP (NP the Soviet Union 's) most authoritative newspaper))) ,))) (VP was (VP considered (S (NP-SBJ *-1) (NP-PRD (NP the most significant development) (PP-TMP in (NP (NP a week) (PP of (NP (NP Kremlin wrangling) (PP over (NP the press)) , (PP including (NP (NP sharp criticism) (PP from (NP Gorbachev)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP East Germany 's) new leader) (VP met (PP with (NP Lutheran Church officials)) (S-PRP (NP-SBJ *-1) (VP to (VP discuss (NP (NP a growing opposition movement) (VP demanding (NP democratic freedoms))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ they) (VP conferred (PP-LOC near (NP East Berlin))))) , (S (NP-SBJ a pro-democracy protest) (VP erupted (PP-LOC in (NP (NP the Baltic city) (PP of (NP Greifswald)))))) , and (S (NP-SBJ activists) (VP threatened (NP (NP further rallies) (PP against (NP (NP leader Krenz 's) expected hard-line policies))))) .)) (TOP (S (NP-SBJ-1 (NP Police) (PP-LOC in (NP Prague))) (VP raided (NP (NP an international meeting) (PP on (NP human rights))) , (S-ADV (NP-SBJ *-1) (VP detaining (NP (NP (NP (NP Czechoslovakia 's) former foreign minister) , (NP Jiri Hajak) ,) and (NP 14 other activists))))) .)) (TOP (S (NP-SBJ-1 A leading U.S. human-rights monitor) (ADVP also) (VP was (ADVP-TMP briefly) (VP held (NP *-1))) .)) (TOP (S (NP-SBJ Dissident playwright Vaclav Havel) (ADVP reportedly) (VP escaped (NP (NP the crackdown) , (NP (NP the fourth) (PP against (NP activists)) (PP-TMP in (NP recent days))))) .)) (TOP (S (NP-SBJ Bush) (VP (VP met (PP-LOC in (NP Washington)) (PP with (NP (NP Spain 's) Prime Minister Gonzalez))) and (VP discussed (SBAR-NOM (WHNP-1 what) (S (NP-SBJ the president) (VP called (S (NP-SBJ *T*-1) (NP-PRD `` (NP the unique role) '' (SBAR (WHNP-2 that) (S (NP-SBJ Madrid) (VP can (VP play (NP *T*-2) (PP in (S-NOM (NP-SBJ *) (VP furthering (NP (NP democracy) (PP-LOC in (NP (NP Eastern Europe) and (NP Latin America)))))))))))))))))) .)) (TOP (S (NP-SBJ-4 (NP Gonzalez) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP pledged (S (NP-SBJ-3 *-2) (VP to (VP help (S (NP-SBJ *-3) (VP monitor (NP (NP voting) (PP-LOC in (NP Nicaragua))))))))))) ,) (VP was (VP said (S (NP-SBJ *-4) (VP to (VP be (VP carrying (NP (NP proposals) (PP for (NP (NP free elections) (PP-LOC in (NP Panama))))))))))) .)) (TOP (S (NP-SBJ The Galileo spacecraft) (VP sped (ADVP-MNR unerringly) (PP-DIR toward (NP the planet Jupiter)) , (SBAR-ADV while (S (NP-SBJ (NP five astronauts) (PP-LOC aboard (NP the space shuttle Atlantis))) (VP measured (NP (NP the Earth 's) ozone layer))))) .)) (TOP (S (NP-SBJ-1 The robot probe) (VP was (VP dispatched (NP *-1) (NP-TMP Wednesday) (PP by (NP-LGS (NP the shuttle crew) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP is (S-PRD (NP-SBJ *-3) (VP to (VP conduct (NP (NP a series) (PP of (NP (ADJP medical and other) experiments))) (PP-TMP before (NP (NP their scheduled landing) (NP-TMP Monday) (PP-LOC in (NP California)))))))))))))) .)) (TOP (S (NP-SBJ-1 Argentina and Britain) (VP agreed (S (NP-SBJ *-1) (VP to (VP resume (NP (ADJP diplomatic and economic) relations))) , (SBAR-TMP (NP seven years) after (S (NP-SBJ the two nations) (VP battled (PP over (NP the Falkland Islands))))))) .)) (TOP (S (NP-SBJ (NP The announcement) , (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ they) (VP said (SBAR 0 (S (NP-SBJ hostilities) (VP had (VP ceased)))) (PP-LOC *T*-1)))) ,) (VP followed (NP (NP a two-day meeting) (PP-LOC in (NP Madrid)))) .)) (TOP (S (NP-SBJ-2 Rebel artillerists) (VP bombarded (NP (NP the capital) (PP of (NP Afghanistan))) , (S-ADV (NP-SBJ *-2) (VP killing (NP (QP at least 12) people))) , (SBAR-TMP as (S (NP-SBJ-1 the Soviet Union) (VP was (VP reported (S (NP-SBJ *-1) (VP to (VP be (VP airlifting (NP arms and food) (PP-CLR to (NP (NP Kabul 's) forces))))))))))) .)) (TOP (S (NP-SBJ-1 Fighting) (ADVP also) (VP was (VP reported (NP *-1) (PP-LOC around (NP (NP (NP the strategic town) (PP of (NP Khost))) , (PP-LOC near (NP the Pakistani border)))))) .)) (TOP (S (NP-SBJ-1 (NP Saudi Arabia 's) foreign minister) (VP met (PP-LOC in (NP Damascus)) (PP with (NP President Assad)) (S-PRP (NP-SBJ *-1) (VP to (VP develop (NP (NP a plan) (PP for (NP (NP the withdrawal) (PP of (NP (NP Syria 's) 40,000 troops)) (PP from (NP Lebanon))))) (PP as (NP (NP part) (PP of (NP (NP a settlement) (PP of (NP (NP that nation 's) 14-year-old civil war)))))))))) .)) (TOP (S (NP-SBJ The talks) (VP came (SBAR-TMP as (S (NP-SBJ (NP Lebanese negotiations) (PP on (NP political changes))) (VP appeared (ADJP-PRD deadlocked))))) .)) (TOP (S (NP-SBJ (NP GOP Sen. Specter) (PP of (NP Pennsylvania))) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP would (VP vote (S (NP-SBJ *-1) (VP to (VP acquit (NP federal Judge Alcee Hastings) (PP-LOC in (NP (NP his impeachment trial) (PP on (NP (NP charges) (PP of (NP (NP perjury) and (NP bribery conspiracy))))))))))))))) .)) (TOP (S (NP-SBJ (NP Specter) , (NP (NP the vice chairman) (PP of (NP (NP the Senate 's) evidence panel))) ,) (VP said (SBAR 0 (S (NP-SBJ there) (VP was `` (NP-PRD (NP insufficient evidence) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP convict '' (NP the Miami jurist) (ADVP *T*-1)))))))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP slipping (PP on (NP (NP news) (PP of (NP a smaller-than-expected U.S. inflation figure))))))) , (NP-SBJ-1 the dollar) (VP rebounded (ADVP-TMP later (PP in (NP the trading day)))) .)) (TOP (S (NP-SBJ The U.S. unit) (VP dipped (PP-DIR to (NP (NP a session low) (PP against (NP the mark)))) (PP-TMP just after (NP (NP the release) (PP of (NP the U.S. consumer price index))))) .)) (TOP (S (NP-SBJ The report) (VP showed (SBAR that (S (NP-SBJ September consumer prices) (VP rose (NP-EXT (NP (QP just 0.2) %) , (NP (NP a smaller increase) (SBAR than (S (NP-SBJ-1 *) (VP expected (NP *-1)))))))))) .)) (TOP (S (NP-SBJ The market) (VP had (VP anticipated (NP (NP a (ADJP 0.4 %) rise) (PP-LOC in (NP the price index))))) .)) (TOP (S (NP-SBJ The September index) (VP fueled (NP (NP speculation (SBAR *ICH*-1)) , (ADJP damaging (PP to (NP the dollar))) , (SBAR-1 that (S (NP-SBJ the Federal Reserve) (ADVP-TMP soon) (VP will (VP ease (NP monetary policy) (ADVP further))))))) .)) (TOP (S But (NP-SBJ foreign-exchange dealers) (VP said (SBAR 0 (S (NP-SBJ-1 the dollar) (VP staged (NP a quick comeback) , (S-ADV (NP-SBJ-2 *-1) (VP prompted (NP *-2) (PP by (NP-LGS (NP (NP a round) (PP of (NP short covering))) and (NP some fresh buying interest))) (ADVP-TMP later (PP in (NP the trading day))))))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR that (S (NP-SBJ (NP (NP a (ADJP nearly 40-point) gain) (PP-LOC in (NP the Dow Jones Industrial Average))) , (VP fueled (NP *) (PP (PP in (NP part)) by (NP-LGS (NP news) (PP of (NP a lower-than-expected price index))))) ,) (VP had (NP (NP little influence) (PP on (NP (NP the dollar 's) moves))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 The market) (VP is (VP beginning (S (NP-SBJ *-1) (VP to (VP disassociate (NP itself) (PP-CLR from (NP Wall Street)))))))) , '' (VP said (S *T*-2)) (NP-SBJ one New York trader) .)) (TOP (S (PP-LOC In (NP late New York trading)) (NP-TMP yesterday) , (NP-SBJ-1 the dollar) (VP was (VP quoted (NP *-1) (PP-CLR (PP at (NP (NP 1.8470 marks) , (ADVP down (PP from (NP 1.8485 marks) (NP-TMP late Wednesday))))) , and (PP at (NP (NP 141.70 yen) , (ADVP up (PP from (NP 141.45 yen) (NP-TMP late Wednesday)))))))) .)) (TOP (S (NP-SBJ-1 Sterling) (VP was (VP quoted (NP *-1) (PP-CLR at (NP (NP $ 1.5990 *U*) , (ADVP up (PP from (NP $ 1.5920 *U*) (NP-TMP late Wednesday))))))) .)) (TOP (S (PP-LOC In (NP Tokyo)) (NP-TMP Friday) , (NP-SBJ the U.S. currency) (VP opened (PP for (NP trading)) (PP-CLR at (NP 141.93 yen)) , (ADVP up (PP from (NP (NP (NP Thursday 's) Tokyo close) (PP of (NP 141.55 yen)))))) .)) (TOP (S (NP-SBJ Some analysts) (VP said (SBAR 0 (S (NP-SBJ the consumer price index) (VP reflects (NP (NP a (ADJP more significant) slowdown) (PP-LOC in (NP the U.S. economy)) (SBAR than (S (NP-SBJ-1 *) (ADVP-TMP earlier) (VP indicated (NP *-1))))))))) .)) (TOP (S (NP-SBJ They) (VP point (PRT out) (SBAR that (S (NP-SBJ (NP September 's) producer-price index) (VP showed (NP a (ADJP 0.9 %) increase))))) .)) (TOP (S (NP-SBJ They) (VP noted (SBAR that (S (SBAR-PRP because (S (NP-SBJ (NP the consumer price index) , (VP known (NP *) (PP-CLR as (NP the CPI))) ,) (VP (VP is (NP-PRD (NP a (ADJP more comprehensive) measure) (PP of (NP inflation)))) and (VP is (VP rising (ADVP-MNR (ADVP less rapidly) (PP than (NP (NP the producer-price index) , or (NP PPI))))))))) , (NP-SBJ it) (VP could (VP signal (NP (NP further easing) (PP by (NP Fed)))))))) .)) (TOP (S (NP-SBJ Others) (VP suggested , (ADVP however) , (SBAR that (S (NP-SBJ the Fed) (VP will (VP hold (NP (NP any changes) (PP-LOC in (NP monetary policy))) (PP-CLR in (NP check)) , (S-ADV (NP-SBJ *) (VP leaving (NP fed funds) (PP-LOC-CLR at (NP (NP (QP around 8 3) %) , (ADVP down (PP from (NP (NP the (ADJP 9 %) level) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP prevailed (PP-TMP (PP from (NP July)) (PP through (NP September)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Kevin Logan) , (NP (NP chief economist) (PP with (NP the Swiss Bank Corp.))) ,) (VP said (SBAR that (S (NP-SBJ both PPI and CPI) (VP climbed (NP-EXT (NP (QP around 4 1) %) (ADJP year-to-year)) (PP-TMP in (NP September)))))) .)) (TOP (S (NP-SBJ He) (VP argued (SBAR that (S (NP-SBJ both CPI and PPI) (VP have (PP in (NP fact)) (VP decelerated (PP-TMP since (NP spring))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-3 The Fed) (VP wo n't (VP be (VP stampeded (NP *-3) (PP-CLR into (NP easing)))))) , '' (NP-SBJ-4 Mr. Logan) (VP said (S *T*-1) , (S-ADV (NP-SBJ *-4) (VP predicting (SBAR that (S (PP-TMP for (NP now)) , (NP-SBJ interest rates) (VP will (VP stay (SBAR-LOC-CLR (WHADVP-2 where) (S (NP-SBJ they) (VP are (ADVP-LOC-PRD *T*-2))))))))))) .)) (TOP (S (NP-SBJ-1 (NP A four-day matched sale-purchase agreement) , (NP a move (S (NP-SBJ *) (VP to (VP drain (NP liquidity) (PP-DIR from (NP the system)))))) ,) (VP was (VP viewed (NP *-1) (PP-CLR as (NP (NP a technical move) , (CONJP rather than) (NP (NP an indication) (PP of (NP tightening credit))))))) .)) (TOP (S (NP-SBJ Market participants) (VP note (SBAR that (S (NP-SBJ-1 the mark) (VP continues (S (NP-SBJ *-1) (VP to (VP post (NP (NP heftier gains) (PP against (NP its U.S. counterpart)) (PP than (NP (NP any other major currency) , (ADVP particularly) (NP the yen))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD (NP a bottomless pit) (PP of (NP (NP dollar demand) '' (PP by (NP Japanese investors))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ-2 (NP Graham Beale) , (NP (NP managing director) (PP of (NP foreign exchange)) (PP-LOC at (NP (NP Hongkong & Shanghai Banking Corp.) (PP-LOC in (NP New York)))))) , (S-ADV (NP-SBJ *-2) (VP adding (SBAR that (S (NP-SBJ (ADJP purely speculative) demand) (VP would n't (VP hold (NP the dollar) (PP-LOC-CLR at (NP its recent levels)) (PP against (NP the Japanese currency)))))))) .)) (TOP (S (NP-SBJ Mr. Beale) (VP commented (SBAR that (S (NP-SBJ the mark) (VP remains (ADJP-PRD well bid) (PP against (NP other currencies)) (ADVP as well))))) .)) (TOP (S (NP-SBJ-2 (NP Robert White) , (NP (NP manager) (PP of (NP corporate trading)) (PP-LOC at (NP (NP First Interstate) (PP of (NP California))))) ,) (VP called (S (NP-SBJ the market) `` (ADJP-PRD psychologically pro-mark)) , '' (S-ADV (NP-SBJ *-2) (VP noting (SBAR that (S (NP-SBJ the U.S.) (VP (VP remains (NP-PRD (NP a `` veritable grab bag '') (PP for (NP Japanese investors)))) (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP accounts (PP-CLR for (NP (NP the unabated demand) (PP for (NP U.S. dollars))))))))))))) .)) (TOP (S (PP-LOC On (NP (NP the Commodity Exchange) (PP-LOC in (NP New York)))) , (NP-SBJ gold) (VP dropped (NP-EXT $ 1.60 *U*) (PP-DIR to (NP (NP $ 367.10 *U*) (NP-ADV an ounce))) (PP-LOC in (NP moderate trading))) .)) (TOP (S (NP-SBJ Estimated volume) (VP was (NP-PRD (QP three million) ounces)) .)) (TOP (S (PP-LOC In (NP early trading)) (PP-LOC in (NP Hong Kong)) (NP-TMP Friday) , (NP-SBJ gold) (VP was (PP-LOC-PRD at (NP (NP (QP about $ 366.85) *U*) (NP-ADV an ounce)))) .)) (TOP (S (NP-SBJ (NP Hotel Investors Trust) and (NP (NP its affiliate) , (NP Hotel Investors Corp.) ,)) (VP said (SBAR 0 (S (NP-SBJ-2 the companies) (VP plan (S (NP-SBJ *-2) (VP to (VP sell (NP (NP all) (PP of (NP (NP the hotels) (SBAR (WHNP-1 0) (S (NP-SBJ the companies) (VP own and operate (NP *T*-1)))))) , (PP except (PP for (NP (NP two hotel-casinos) (PP-LOC in (NP (NP Las Vegas) , (NP Nev)))))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 The (NX (NX hotels) and (NX management interests))) (VP will (VP be (VP sold (NP *-1) (PP-LOC at (NP an auction)))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP John Rothman) , (NP (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP the trust))) and (NP (NP a director) (PP of (NP the corporation))))) .)) (TOP (S (NP-SBJ-1 (NP Value) (PP of (NP the (NX (NX properties) and (NX management interests))))) (VP was n't (VP disclosed (NP *-1))) .)) (TOP (S (PP In (NP all)) , (NP-SBJ-1 the (ADJP Los Angeles-based) trust) (VP plans (S (NP-SBJ *-1) (VP to (VP sell (NP (NP its interests) (PP in (NP 36 hotels)))))) , (SBAR-ADV while (S (NP-SBJ the corporation) (VP will (VP sell (NP (NP its management interests) (PP in (NP (NP 32) (PP of (NP those properties)))))))))) .)) (TOP (SINV (VP-TPC-2 Excluded (NP *-1) (PP-CLR from (NP the sale))) (VP are (VP *T*-2)) (NP-SBJ-1 (NP the interests) (PP of (NP (NP the trust) and (NP the corporation))) (PP in (NP two Las Vegas hotel-casinos))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP (VP completing (NP the sale)) and (VP paying (NP debts))))) , (NP-SBJ-1 the trust and corporation) (VP will (VP consider (NP (NP a number) (PP of (NP options)) (PP including (NP (NP a stock repurchase) , (NP (NP payment) (PP of (NP special dividend))) or (NP (NP investment) (PP in (NP more gaming properties)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The companies) (VP will (VP retain (NP (NP their current regular quarterly dividend) (PP of (NP 25 cents))) (PP-TMP during (NP the sale process))))) , (NP-SBJ Mr. Rothman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP For (NP the first six months)) , (NP-SBJ the trust and corporation) (VP had (NP (NP a net loss) (PP of (NP $ 244,000 *U*)))) .)) (TOP (S (NP-SBJ-1 Baxter International Inc.) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP cost-cutting moves) and (NP (NP increased sales) (PP of (NP its (NX (NX home-care products) and (NX dialysis treatments)))))))) , (VP posted (NP (NP a (ADJP 20 %) rise) (PP-LOC in (NP third-quarter net income))) (PP on (NP a (ADJP 5.9 %) sales boost))) .)) (TOP (S (NP-SBJ The (NAC-LOC Deerfield , Ill. ,) medical products and services company) (VP posted (NP (NP net) (PP of (NP (NP (NP (QP $ 102 million) *U*) , or (NP (NP 34 cents) (NP-ADV a share)) ,) (PP compared (PP with (NP (NP (QP $ 85 million) *U*) , or (NP (NP 28 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) ago))))))) .)) (TOP (S (NP-SBJ Sales) (VP totaled (NP (QP $ 1.81 billion) *U*) (ADVP up (PP from (NP (QP $ 1.71 billion) *U*) (NP-TMP the previous year)))) .)) (TOP (S (PP For (NP the nine-month period)) , (NP-SBJ Baxter) (VP said (SBAR 0 (S (NP-SBJ net) (VP rose (NP-EXT 15 %) (PP-DIR to (NP (NP (QP $ 307 million) *U*) , or (NP (NP $ 1.02 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 267 million) *U*) , or (NP (NP 89 cents) (NP-ADV a share)) ,)) (PP-TMP during (NP the year-ago period)))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP the nine months))) (VP were (ADVP-PRD up (NP 8 %) (PP to (NP (QP $ 5.44 billion) *U*)) (PP from (NP (QP $ 5.04 billion) *U*) (PP-TMP in (NP (NP the same period) (PP-TMP in (NP 1988))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Baxter) (VP closed (PP-CLR at (NP (NP $ 22.25 *U*) (NP-ADV a share))) , (ADVP down (NP 12.5 cents))) .)) (TOP (S (NP-SBJ (NP A group) (VP bidding (PP-CLR for (NP (NP American Medical International Inc.) , (NP-LOC New York) ,)))) (VP said (SBAR 0 (S (NP-SBJ it) (VP (ADVP-MNR formally) received (NP (NP the final financing) (VP needed (NP *) (PP-CLR for (NP (NP a (ADJP (QP $ 3 billion) *U*) bid) (PP for (NP (NP (QP about 86) %) (PP of (NP (NP the hospital operator 's) stock)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The offer) (PP from (NP IMA Acquisition Corp.)) , (PP for (NP (QP as many as 63 million) shares)) ,) (VP is (VP set (S (NP-SBJ *-1) (VP to (VP expire (NP-TMP Wednesday)))))) .)) (TOP (S (S (NP-TMP Earlier this month) , (NP-SBJ IMA) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (VP received (NP (NP (QP about $ 1 billion) *U*) (PP of (NP senior debt financing))) (PP-DIR from (NP (NP Chemical Bank) and (NP six other banks))))))))) ; (S (NP-SBJ Chemical Bank) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (ADJP-PRD `` highly confident '' (SBAR 0 (S (NP-SBJ it) (VP could (VP arrange (NP (NP the balance) (PP of (NP (QP about $ 509 million) *U*))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the (ADJP (QP $ 3 billion) *U*) bid) (VP includes (NP (NP (NP (QP $ 1 billion) *U*) (PP of (NP debt)) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP will (VP be (VP assumed (NP *-1) (PP by (NP-LGS IMA)))))))) , (NP (NP (QP $ 600 million) *U*) (PP of (NP high-yield junk bonds)) (SBAR (WHNP-4 that) (S (NP-SBJ-2 *T*-4) (VP will (VP be (VP sold (NP *-2) (PP by (NP-LGS First Boston Corp.)))))))) and (NP (NP (QP $ 285 million) *U*) (PP of (NP equity))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ American Medical) (VP closed (PP-CLR at (NP $ 23.625 *U*)) , (ADVP up (NP $ 1.875 *U*))) .)) (TOP (S (NP-SBJ American Medical) (VP (VP has (VP agreed (PP-CLR to (NP the offer)))) , but (VP (NP-TMP earlier this month) said (SBAR 0 (S (NP-SBJ it) (VP had (VP received (NP (NP new `` expressions) (PP of (NP interest))) '' (PP-DIR from (NP two previous bidders)))))))) .)) (TOP (S (NP-SBJ American Medical) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP would (VP pursue (NP (NP the inquiries) (PP from (NP the companies))))) , but (VP (VP would n't (VP identify (NP them) (SBAR-ADV unless (S (NP-SBJ they) (VP make (NP firm offers))))))))))) .)) (TOP (S (NP-SBJ H&R Block) (VP is (NP-PRD (NP one) (PP of (NP (NP the great success stories) (PP of (NP U.S. business)))))) .)) (TOP (S (ADVP Oddly enough) , (NP-SBJ this) (VP presents (NP a problem) (PP for (NP the stock))) .)) (TOP (S (NP-SBJ-1 Some money managers) (VP are (VP disenchanted (NP *-1) (PP with (NP H&R Block)) (SBAR-PRP because (S (NP-SBJ they) (VP suspect (SBAR 0 (S (NP-SBJ (NP the company 's) glory days) (VP are (UCP-PRD (ADJP past) , or (VP (ADVP at least) passing)))))))))) .)) (TOP (S-1 (S (NP-SBJ (NP Block 's) tax-preparation business) (VP is (ADJP-PRD mature))) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-1)))) ,) and (S (NP-SBJ (NP some) (PP of (NP its diversifications))) (VP are (VP facing (NP tough competition)))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's (NP-PRD no secret) (SBAR-1 that (S (NP-SBJ Block) (VP dominates (NP the mass-market tax-preparation business))))) .)) (TOP (S (NP-SBJ The Street) (VP knows (PP-CLR all about (NP (NP the predictability) (PP of (NP (NP its earnings) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP are (VP headed (NP *-1) (PP-DIR for (NP a ninth consecutive yearly increase))))))))))) .)) (TOP (S (NP-SBJ The company) (VP has (VP (ADVP-MNR consistently) earned (NP (NP more) (PP than (NP a (ADJP 20 %) annual return))) (PP on (NP its net worth)) (SBAR-ADV while (S (NP-SBJ many companies) (VP would (VP be (ADJP-PRD happy) (PP with (NP 15 %)))))))) .)) (TOP (SINV (S-TPC-3 But (NP-SBJ the tax-preparation business) (ADVP simply) (VP has (NP (NP no more room) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP grow (ADVP-LOC *T*-2)))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Mark Cremonie) , (NP (NP director) (PP of (NP research)) (PP for (NP (NP Capital Supervisors Inc.) , (NP (NP a Chicago firm) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP manages (NP (QP $ 6.5 billion) *U*))))))))) .)) (TOP (S `` (S (NP-SBJ You) (VP go (PP-DIR to (NP (NP any medium-sized town) (PP-LOC in (NP the U.S.)))))) and (S (NP-SBJ-1 you) (VP 're (VP going (S (NP-SBJ *-1) (VP to (VP see (NP H&R Block tax services))))))) . '')) (TOP (S (NP-SBJ (NP Mr. Cremonie 's) firm) (ADVP-TMP once) (VP held (NP (NP (QP about 4.8) %) (PP of (NP H&R Block)))) .)) (TOP (S (NP-SBJ That) (VP was (SBAR-TMP-PRD before (S (NP-SBJ the 1986 tax `` reform '') (VP made (S (NP-SBJ taxes) (ADJP-PRD (ADJP more complex) (PP than (NP ever)))))))) .)) (TOP (S-2 `` (NP-SBJ (NP One thing) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP can (VP bet (PP-CLR on (NP *T*-1))))))) (PRN , '' (S (NP-SBJ he) (VP says (S *T*-2)) ,)) `` (VP is (SBAR-PRD that (S (NP-SBJ Congress) (VP will (VP do (NP stupid things) (PP with (NP the Tax Code))))))) . '')) (TOP (S But (NP-SBJ Capital Supervisors) (VP sold (NP (NP the last) (PP of (NP its H&R Block holdings))) (NP-TMP earlier this year)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ They) (VP 're (VP thrashing (ADVP-CLR around) (PP-CLR for (NP diversification))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ (NP a lot) (PP of (NP their businesses))) (VP are (ADJP-PRD just so-so))))) . '')) (TOP (S (NP-TMP Last week) (NP-SBJ-1 the stock) (VP hit (NP (NP an all-time high) (PP of (NP (QP 37 1)))) (PP-TMP before (S-NOM (NP-SBJ-2 *-1) (VP getting (VP roughed (NP *-2) (PRT up) (PP-LOC in (NP the Friday-the-13th minicrash))))))) .)) (TOP (S (NP-SBJ It) (VP closed (NP-TMP yesterday) (PP-CLR at (NP (QP 34 3)))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP be (ADJP-PRD sure)))) , (NP-SBJ the stock) (ADVP-TMP still) (VP has (NP (NP a lot) (PP of (NP fans)))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ you) (VP invested (NP $ 10,000 *U*) (PP-CLR in (NP the initial public offering)) (PP-TMP in (NP 1962))))) , (NP-SBJ it) (VP would (VP be (ADJP-PRD worth (NP (QP well over $ 5 million) *U*)) (NP-TMP today)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Fredric E. Russell) , (NP a (NAC-LOC Tulsa , Okla. ,) money manager)) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP know (SBAR-NOM (WHNP-2 what) (S (NP-SBJ (NP the risk) (PP *ICH*-1)) (VP is (NP-PRD *T*-2) (PRN -LCB- (PP-1 of (S-NOM (NP-SBJ *) (VP holding (NP the stock)))) -RCB-)))))) .)) (TOP (S (NP-SBJ Taxes) (VP are not (VP going (ADJP-PRD out (PP of (NP business))))) . '')) (TOP (S (NP-SBJ (NP Many) (PP of (NP his peers))) (VP feel (NP-PRD the same way)) .)) (TOP (S (NP-SBJ (NP The number) (PP of (NP (NP big institutions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP own (NP H&R Block shares))))))) (VP is (UCP-PRD (NP 207) and (VP growing)) , (PP according (PP to (NP (NP a midyear tally) (PP by (NP CDA Investment Technologies)))))) .)) (TOP (S (NP-SBJ Brokerage houses) (VP are (ADJP-PRD sweet (PP on (NP H&R Block))) , (ADVP too)) .)) (TOP (S (NP-SBJ Zacks Investment Research) (VP counts (NP (NP (NP five brokerage houses) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP consider (S (NP-SBJ the stock) (NP-PRD a buy)))))) , and (NP (NP four) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP call (S (NP-SBJ it) (NP-PRD a hold)))))))) .)) (TOP (S (NP-SBJ-1 None) (VP dare (S (NP-SBJ *-1) (VP say (SBAR 0 (S (NP-SBJ *) (VP to (VP sell (NP it)))))))) .)) (TOP (S But (NP-SBJ some money managers) (VP are (VP doing (NP just that))) .)) (TOP (S (NP-SBJ (NP Eugene Sit) , (NP (NP president) (PP of (NP (NP Sit Investment Associates) (PP-LOC in (NP Minneapolis))))) ,) (VP says , `` (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ we) (VP bought (NP it) (ADVP-TMP *T*-2)))) , (NP-SBJ we) (VP thought (SBAR 0 (S (NP-SBJ-3 the growth rate) (VP was (VP going (S (NP-SBJ *-3) (VP to (VP accelerate))))))) '' (PP-PRP because of (NP (NP computerized tax filing) and (NP (NP instant refunds) (PRN -LRB- (S (NP-SBJ the customer) (VP (VP gets (NP a refund) (ADVP-TMP immediately)) but (VP pays (NP extra) (PP-DTV to (NP (NP the tax preparer) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP waits (PP-CLR for (NP (NP Uncle Sam 's) check)))))))))) -RRB-))))))) .)) (TOP (S (S-TPC-1 But (NP-SBJ (NP neither) (PP of (NP those developments))) (VP did (NP (NP much) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP juice (PRT up) (NP growth)))))))) , (NP-SBJ Mr. Sit) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP figures (SBAR 0 (S (NP-SBJ Block earnings) (VP (VP are (ADVP-TMP now) (VP growing (PP at (NP (NP about a (ADJP 10 %) annual rate) (PRN -LRB- (ADVP down (PP from (NP (QP about 14) %) (NP-TMP the past five years))) -RRB-))))) and (VP will (VP grow (PP at (NP an (ADJP 8%-10 %) rate)) (PP-TMP in (NP the future)))))))) .)) (TOP (S-1 (S (NP-SBJ That) (VP 's `` (ADJP-PRD not bad))) (PRN , '' (S (NP-SBJ Mr. Sit) (VP says (SBAR 0 (S *T*-1)))) ,) but (S (NP-SBJ it) (ADVP sure) (VP does n't (VP justify (S (NP-SBJ-2 Block shares) (VP being (VP priced (NP *-2) (PP-CLR at (NP (NP (QP 15 to 16 times) estimated earnings) (PP-TMP for (NP fiscal 1990)))))))))) .)) (TOP (S (S (NP-SBJ He) (VP wants (NP (NP stocks) (SBAR (WHNP-1 whose price/earnings ratio) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD (ADJP less) (PP than (NP their growth rate))))))))) ; (S (SBAR-ADV as (S (NP-SBJ he) (VP figures (NP it)))) , (NP-SBJ H&R Block) (VP does n't (ADVP even) (VP come (ADVP-CLR close)))) .)) (TOP (S (NP-SBJ-3 Two other money managers) , (PP in (S-NOM (NP-SBJ *-3) (VP explaining (SBAR-NOM (WHADVP-2 why) (S (NP-SBJ they) (VP have (VP sold (NP (NP large amounts) (PP of (NP H&R Block stock))) (NP-TMP this year) (ADVP-PRP *T*-2)))))))) , (VP spoke (PP on (NP the condition (SBAR 0 (S (NP-SBJ-1 they) not (VP be (VP named (NP *-1)))))))) .)) (TOP (SINV `` (S-TPC-1 (S (S (NP-SBJ The stock) (VP was (VP going (NP-DIR no place)))) and (S (NP-SBJ the earnings) (VP were (ADJP-PRD so-so))))) , '' (VP said (S *T*-1)) (NP-SBJ one) .)) (TOP (S -LRB- (PP-TMP In (NP the past two years)) , (NP-SBJ the stock) (ADVP almost) (VP stalled (PRT out)) .)) (TOP (S (NP-SBJ-2 It) (VP (VP was (PP-LOC-PRD above (NP 33)) (PRN , (S-ADV (NP-SBJ-1 *-2) (VP adjusted (NP *-1) (PP-CLR for (NP a subsequent split)))) ,) (PP-TMP in (NP 1987))) , and (VP has n't (VP gotten (ADJP-PRD much higher) (ADVP-TMP since)))) . -RRB-)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD no more growth) (PP-LOC in (NP the tax business)) (PP (PRN -LCB- except -RCB-) for (NP increasing prices)))) , '' (NP-SBJ the money manager) (VP added (S *T*-1)) .)) (TOP (S-3 (S (NP-SBJ (NP The CompuServe subsidiary) (PRN -LRB- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP provides (NP information) (PP-DTV to (NP home-computer users))))) -RRB-)) (VP is `` (SBAR-NOM-PRD (WHADVP-2 where) (S (NP-SBJ the growth) (VP is (ADVP-LOC-PRD *T*-2)))))) (PRN , '' (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-3)))) ,) but (S (NP-SBJ its format) (VP is `` (ADVP-TMP still) (ADJP-PRD too complicated))) . '')) (TOP (S (NP-SBJ CompuServe) (VP provides (NP (NP (QP about 20) %) (PP of (NP both sales and earnings)))) .)) (TOP (S (NP-SBJ The tax business) (ADVP-TMP still) (VP provides (NP (NP (QP about 70) %) (PP of (NP earnings))) , (PP on (NP (NP (QP about 50) %) (PP of (NP sales))))) .)) (TOP (S (NP-SBJ (NP Personnel Pool) (PRN -LRB- (NP (NP temporary workers) , (PP-LOC mostly in (NP the health-care area))) -RRB-)) (VP chips (PRT in) (NP (NP (NP (QP close to 25) %) (PP of (NP sales))) but (NP (NP (QP only about 9) %) (PP of (NP earnings))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The shortage) (PP of (NP nurses))) (VP is (VP crimping (NP profit) (PP-LOC at (NP Personnel Pool))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ the second money manager) .)) (TOP (S (NP-SBJ He) (VP (VP concedes (SBAR 0 (S (NP-SBJ H&R Block) (VP is (UCP-PRD `` (ADJP well-entrenched) '' and `` (NP a great company)))))) , '' but (VP says `` (S (NP-SBJ it) (VP does n't (VP grow (ADVP-MNR fast enough) (PP for (NP us))))))) .)) (TOP (S (NP-SBJ We) (VP 're (VP looking (PP-CLR for (NP (NP something) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP grows (ADVP-MNR faster)) and (VP sells (PP-CLR at (NP a comparable (PRN -LCB- price-earnings -RCB-) multiple)))))))))) . '')) (TOP (S (NP-SBJ (NP Thomas M. Bloch) , (NP (NP president) and (NP chief operating officer)) ,) (VP says (SBAR 0 (S `` (NP-SBJ I) (VP would (VP disagree '' (SBAR that (S (NP-SBJ the tax business) (VP is (ADJP-PRD mature))))))))) .)) (TOP (S-3 (PP For (NP example)) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-3)))) ,) (NP-SBJ-2 the company) (VP is (VP planning (S (NP-SBJ *-2) (VP to (VP go (ADJP-PRD nationwide) (PP with (NP (NP a new service) , (VP tested (NP *) (PP-LOC in (NP (NP parts) (PP of (NP the country))))) , (VP aimed (NP *) (PP-CLR at (NP (NP taxpayers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP want (NP refunds) (PP in (NP a hurry))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Bloch) (VP concedes (SBAR that (S (NP-SBJ a recent diversification attempt) (VP fell (PRT through))))) .)) (TOP (S-1 `` (S (NP-SBJ We) (VP 're (ADVP-TMP still) (ADJP-PRD interested (PRN -LCB- (PP in (NP diversifying)) -RCB-)))) (PRN , '' (S (NP-SBJ he) (VP says (S *T*-1))) ,) `` but (S (NP-SBJ-2 we) (VP 'd (ADVP rather) (VP be (ADJP-PRD (ADJP prudent) (SBAR than (S (NP-SBJ *-2) (VP make (NP a mistake)))))))) . '')) (TOP (S (NP-SBJ He) (ADVP also) (VP says (SBAR 0 (S (NP-SBJ-1 (NP CompuServe 's) earnings) (VP continue (S (NP-SBJ *-1) (VP to (VP grow `` (NP-EXT (NP (NP 20 %) to (NP 30 %)) (NP-ADV a year)) ''))) (PP in (NP (NP spite) (PP of (NP (NP tough competition) (PP from (NP (NP giants) (PP like (NP Sears and IBM)))))))))))) .)) (TOP (S And (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ (NP Block 's) other businesses) (VP are (VP growing , (SBAR-ADV although (FRAG (ADVP-MNR less consistently)))))))) .)) (TOP (NP (NP H&R Block) (PRN -LRB- (NP (NP NYSE) ; (NP Symbol:HRB)) -RRB-))) (TOP (NP (NP Business) : (NP Tax Preparation))) (TOP (NP (NP Year) (VP ended (NP-TMP April 30 , 1989)) :)) (TOP (NP (NP Revenue) : (NP (QP $ 899.6 million) *U*))) (TOP (NP (NP Net loss) : (NP (NP (QP $ 100.2 million) *U*) ; (NP (NP $ 1.90 *U*) (NP-ADV a share))))) (TOP (NP (NP First quarter) , (NP July 31 , 1989) :)) (TOP (NP (NP Per-share earnings) : (NP (NP (NP Loss) (PP of (NP 8 cents))) vs. (NP (NP loss) (PP of (NP 9 cents)))))) (TOP (NP (NP Average daily trading volume) : (NP 145,954 shares))) (TOP (S (NP-SBJ Philips Industries Inc.) (VP said (SBAR 0 (S (NP-SBJ its board) (VP authorized (NP (NP (NP the redemption) (NP-TMP Dec. 6) (PP of (NP-1 (NP the company 's) (ADJP $ 1 *U*) cumulative convertible special preferred stock)) (PP-2 at (NP (NP (NP $ 37.50 *U*) (NP-ADV a share)) , (PP not including (NP (NP a 25 cent dividend) (PP for (NP the current quarter))))))) , and (NP (NP=1 the (ADJP $ 3 *U*) cumulative convertible preferred stock) (PP=2 at (NP (NP $ 75 *U*) , (PP plus (NP (NP a 75 cent dividend) (PP for (NP the current quarter)))))))))))) .)) (TOP (S (NP-SBJ (NP The (NAC-LOC Dayton , Ohio ,) maker) (PP of (NP (NP parts) (PP for (NP the building and transportation industries))))) (VP said (SBAR 0 (S (NP-SBJ (NP holders) (PP of (NP the two issues))) (VP can (VP convert (NP their stock) (PP-CLR into (NP common shares)) (PP-TMP through (NP (NP the close) (PP of (NP business)) (NP-TMP Dec. 1)))))))) .)) (TOP (S (S (NP-SBJ-1 Each (ADJP $ 1 *U*) cumulative share) (VP can (VP be (VP converted (NP *-1) (PP-CLR into (NP 4.92 common shares)))))) ; (S (NP-SBJ (NP the ratio) (PP on (NP the (ADJP $ 3 *U*) cumulative))) (VP is (NP-PRD (NP eight common shares) (PP for (NP each (ADJP $ 3 *U*) cumulative preferred))))) .)) (TOP (S (NP-SBJ Philips) (VP did n't (VP indicate (SBAR-NOM (WHNP-1 (WHNP (WHADVP how many) shares) (ADJP outstanding) (PP *ICH*-2)) (S (NP-SBJ it) (VP has (NP *T*-1))) (PP-2 of (NP either issue))))) .)) (TOP (S (NP-SBJ-1 Company officials) (VP could n't (VP be (VP reached (NP *-1)))) .)) (TOP (S (NP-TMP Earlier this month) (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ its board) (VP approved (NP (NP a proposed management-led leveraged buy-out) (PP at (NP (NP (NP $ 25.50 *U*) (NP-ADV a share)) , or (NP (QP $ 750 million) *U*)))))))) .)) (TOP (S -LRB- (PP-TMP During (NP its centennial year)) , (NP-SBJ The Wall Street Journal) (VP will (VP report (NP (NP events) (PP of (NP the past century)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stand (PP-CLR as (NP (NP milestones) (PP of (NP American business history)))))))))) . -RRB-)) (TOP (S (NP-SBJ (NP PUTS AND CALLS) , (NP (NP STOCK MARKET PATOIS) (PP for (NP options (S (NP-SBJ *) (VP to (VP sell or buy (NP (NP a company 's) shares))))))) ,) (VP were (ADVP-TMP long) (NP-PRD (NP an arcane Wall Street art) (VP (ADVP best) left (NP *) (PP-CLR to (NP (NP the experts) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP used (NP them) (PP-CLR either (PP as (NP a hedge)) or (PP for (NP pure speculation))))))))))) .)) (TOP (S (NP-SBJ Options) (VP lost (NP (NP some) (PP of (NP their mystery))) (PP-TMP in (NP (NP 1973) (SBAR (WHADVP-2 when) (S (NP-SBJ (NP the Chicago Board) (PP of (NP Trade))) (VP set (PRT up) (NP (NP a special exchange) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP deal (PP-CLR in (NP them))))))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (PP-TMP Until (NP then)) , (NP-SBJ-1 options) (VP had (VP been (VP traded (NP *-1) (PP-LOC (PP only in (NP (NP the over-the-counter market) , (PP-LOC mostly in (NP New York)) ,)) and (PP in (NP (NP an (ADJP almost invisible) secondary market) (VP operating (ADVP chiefly) (PP-MNR by (NP telephone))))))))) .)) (TOP (S (NP-SBJ (NP (NP The Chicago Board) (PP of (NP Trade))) , (NP the No. 1 U.S. grain market) ,) (VP had (ADVP-TMP long) (VP chafed (PP-LOC under (NP (NP the attention) (VP won (NP *) (PP by (NP-LGS (NP its innovative archrival) , (NP the livestock-dealing Mercantile Exchange)))))))) .)) (TOP (S So (NP-SBJ (NP the men) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP ran (NP the grain pits))))) (VP listened (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP Joseph Sullivan) , (NP a 35-year-old former Wall Street Journal newsman) ,) (VP offered (NP them) (NP (NP the idea) (PP of (NP all-options trading))) (ADVP-TMP *T*-2))))) .)) (TOP (S (PP-TMP After (NP (NP (NP four year) (PP of (NP tinkering))) and (NP (NP (QP $ 2.4 million) *U*) (PP in (NP seed money))))) , (NP-SBJ the board) (VP (VP set (PRT up) (NP the new marketplace)) , (VP titled (S (NP-SBJ it) (NP-PRD the Chicago Board Options Exchange))) , and (VP named (S (NP-SBJ Sullivan) (NP-PRD its first president)))) .)) (TOP (S (NP-SBJ The beginnings) (VP were (ADJP-PRD modest)) .)) (TOP (S (NP-SBJ The CBOE) (VP opened (PP-CLR for (NP business)) (PP-TMP on (NP April 26 , 1973)) , (PP-LOC in (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP had (VP been (NP-PRD a (NAC Board (PP of (NP Trade))) lunchroom))))))) .)) (TOP (S (NP-SBJ It) (VP listed (NP (QP just 16) options (S (NP-SBJ *) (VP to (VP buy (NP (NP a `` pilot list '') (PP of (NP (NP stocks) (PP-LOC on (NP the New York Stock Exchange)))))))))) .)) (TOP (S -LRB- (NP-SBJ-1 (NP Puts) , or (NP sell options) ,) (VP would not (VP be (VP added (NP *-1) (PP-TMP until (NP 1977))))) . -RRB-)) (TOP (S (NP-SBJ The 282 members) (VP had (VP paid (NP $ 10,000 *U*) (ADVP apiece) (PP-CLR for (NP seats)))) .)) (TOP (NP -LRB- (NP The 1989 price) : (NP $ 250,000 *U*) . -RRB-)) (TOP (S (NP-SBJ (NP The first day 's) business) (VP was (NP-PRD (NP 911 contracts) (PRN -LRB- (NP (NP each) (PP for (NP (NP 100 shares) (PP of (NP (NP one) (PP of (NP the listed stocks))))))) -RRB-))) .)) (TOP (S (PP-TMP By (NP (NP the end) (PP of (NP 1973)))) , (S (NP-SBJ-1 (NP the number) (PP of (NP `` underlying '' Big Board stocks))) (VP had (VP been (VP increased (NP *-1) (PP-CLR to (NP 50)))))) and (S (NP-SBJ the options exchange) (VP had (VP run (PRT up) (NP (NP volume) (PP of (NP (QP 1.1 million) contracts)))))) .)) (TOP (S (ADVP-TMP (NP A year) later) , (NP-SBJ it) (VP was (NP-PRD 5.7 million)) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ (NP (QP more than 1,800) traders) (PP-LOC on (NP the CBOE))) (VP bought and sold (NP (NP (NP (QP 112 million) contracts) (PP on (NP 178 listed stocks))) , (NP (NP 60 %) (PP of (NP all U.S. listed options trading))))) .)) (TOP (S (NP-SBJ The new exchange) (VP drew (NP instant recognition) (PP-DIR from (NP an unwelcome quarter))) .)) (TOP (S (NP-SBJ-1 The government) , (S-ADV (NP-SBJ *-1) (VP campaigning (PP-CLR against (NP fixed brokerage commissions)))) , (VP (ADVP-MNR promptly) sued (NP the CBOE) (PP over (NP its minimum-fee system))) .)) (TOP (S (NP-SBJ The Nuclear Regulatory Commission) (VP ruled (ADVP-MNR unanimously) (SBAR that (S (NP-SBJ (NP the financial troubles) (VP facing (NP the (NAC-LOC Seabrook , N.H. ,) nuclear-power plant))) (VP have (NP (NP no impact) (PP on (SBAR whether (S (NP-SBJ the plant) (VP receives (NP a full-power license)))))))))) .)) (TOP (S (NP-SBJ-1 Massachusetts Attorney General James Shannon) , (S-ADV (NP-SBJ *-1) (VP opposing (NP the license))) , (VP said (SBAR 0 (S (NP-SBJ he) (VP will (VP appeal (NP the ruling) (PP-LOC in (NP federal court))))))) .)) (TOP (S (NP-SBJ Seabrook officials) (VP said (SBAR 0 (S (NP-SBJ the plant) (VP could (VP receive (NP a full-power license) (PP-TMP by (NP (NP the end) (PP of (NP the year))))))))) .)) (TOP (S (NP-SBJ The NRC) (VP rejected (NP (NP Mr. Shannon 's) argument (SBAR that (S (NP-SBJ-2 (NP (NP Public Service Co.) (PP of (NP New Hampshire)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP the largest share) (PP of (NP Seabrook)))))) ,) and (NP 11 other owners)) (VP are (ADJP-PRD financially unable (S (NP-SBJ *-2) (VP to (VP guarantee (NP (NP the plant 's) safe operation)))))))))) .)) (TOP (S (NP-SBJ Mr. Shannon) (VP was (VP seeking (NP (NP a waiver) (PP of (NP (NP NRC policy) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP ignores (NP financial considerations) (PP in (S-NOM (NP-SBJ *-2) (VP making (NP licensing decisions)))))))))))) .)) (TOP (S (PP-LOC In (NP its ruling)) , (NP-SBJ the NRC) (VP said (SBAR that (S (SBAR-PRP because (S (NP-SBJ-1 Seabrook) (VP will (VP be (VP allowed (S (NP-SBJ *-1) (VP to (VP charge (NP (NP rates) (ADJP sufficient (S (NP-SBJ *) (VP to (VP (VP run (NP the plant)) and (VP make (NP payments) (PP-CLR on (NP past construction costs)))))))))))))))) , (NP-SBJ (NP consideration) (PP of (NP (NP the owners ') financial condition))) (VP is (ADJP-PRD pointless))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The commissioners) (VP found (SBAR 0 (S (NP-SBJ (NP the circumstances) (PP of (NP the case))) (VP did n't (VP undercut (NP (NP the assurance) (PP from (NP government rate setters)) (PP of (NP (NP available funds) (ADJP adequate (PP for (NP safe operation)))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ a commission spokesman) .)) (TOP (S (PP-TMP In (NP January 1988)) , (NP-SBJ the utility) (VP filed (PP-CLR for (NP protection)) (PP-LOC under (NP (NP Chapter 11) (PP of (NP the federal Bankruptcy Code)))) , (S-ADV (NP-SBJ *) (VP allowing (S (NP-SBJ-1 it) (VP to (VP continue (S (NP-SBJ-3 *-1) (VP to (VP operate (SBAR-ADV while (S (NP-SBJ-2 *-3) (VP protected (NP *-2) (PP-CLR from (NP (NP creditors ') lawsuits)))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Bristol-Myers Squibb Co.) , (NP-LOC New York) ,) (NP the (ADJP newly merged) drug and health-care-product company) ,) (VP reported (NP (NP record third-quarter earnings) (PP for (NP (NP both companies) (PP-LOC in (NP the merger)))))) .)) (TOP (S (S (NP-SBJ (NP Bristol-Myers Co.) and (NP (NP Squibb Corp.) , (NP-LOC (NP Princeton) , (NP N.J.) ,))) (VP merged (NP-TMP Oct. 4))) , but (S (NP-SBJ the new company) (VP reported (NP (NP third-period earnings) (PP for (NP both companies))))) .)) (TOP (S (PP-TMP For (NP the fourth quarter)) , (NP-SBJ Bristol-Myers Squibb) (VP will (VP report (NP (NP one set) (PP of (NP earnings))))) .)) (TOP (S (NP-SBJ Bristol-Myers) (VP said (SBAR 0 (S (NP-SBJ net income) (VP rose (NP-EXT 15 %) (PP-DIR to (NP (NP (QP $ 266.2 million) *U*) , or (NP (NP 93 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 232.3 million) *U*) , or (NP (NP 81 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Sales) (VP gained (NP 5 %) (PP-DIR to (NP (QP $ 1.59 billion) *U*)) (PP-DIR from (NP (QP $ 1.52 billion) *U*))) .)) (TOP (S (NP-SBJ Squibb Corp.) (VP said (SBAR 0 (S (NP-SBJ net) (VP rose (NP-EXT 17 %) (PP-DIR to (NP (NP (QP $ 144.5 million) *U*) , or (NP (NP $ 1.47 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 123 million) *U*) , or (NP (NP $ 1.25 *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ Sales) (VP were (NP-PRD (QP $ 730.1 million) *U*) , (ADVP up (NP 7 %) (PP from (NP (QP $ 679.5 million) *U*)))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Bristol-Myers Squibb) (VP rose (NP-EXT $ 1.75 *U*) (PP-DIR to (NP $ 52.75 *U*))) .)) (TOP (S (NP-SBJ-2 PPG Industries Inc.) , (S-ADV (NP-SBJ-1 *-2) (VP hurt (NP *-1) (PP by (NP-LGS (NP softness) (PP-LOC in (NP the U.S. (UCP automotive and construction) industries)))))) , (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP fell (NP-EXT 5.5 %) (PP-DIR to (NP (NP (QP $ 106.7 million) *U*) , or (NP (NP 97 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 112.9 million) *U*) , or (NP (NP $ 1.03 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) ago)))))) .)) (TOP (S (NP-SBJ Sales) (VP were (ADJP-PRD nearly identical (PP to (NP the year-earlier (QP $ 1.36 billion) *U*)))) .)) (TOP (S (NP-SBJ (NP The drop) (PP-LOC in (NP earnings))) (VP did n't (VP surprise (NP (NP analysts) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ the Pittsburgh glass , coatings and chemical concern) (VP had (VP been (VP predicting (NP a slow quarter) (PP-PRP because of (NP (NP the sluggish construction industry) , (NP (NP a major market) (PP for (NP (NP the company 's) flat glass)))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Glass sales) (PP to (NP (ADJP Canadian and European) auto makers))) and (NP (NP sales) (PP of (NP (NP replacement auto glass) (PP-LOC in (NP all markets)))))) (VP increased) .)) (TOP (S (NP-SBJ The coating segment) (ADVP also) (VP posted (NP higher sales) (PP-LOC particularly in (NP (NP North America) and (NP Europe)))) .)) (TOP (S But (S-TPC-1 (NP-SBJ-2 sale increases) (VP were (VP offset (NP *-2) (PP by (NP-LGS (NP slumping sales) (PP-LOC in (NP (NP flat glass) and (NP fiberglass reinforcements)))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP Also) , (NP-SBJ chemicals sales) (VP were (ADJP-PRD slightly down) (PP-PRP because of (NP (NP lower prices) (PP for (NP (NP vinyl chloride monomer) and (NP other chlorine derivatives)))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ PPG) (VP closed (PP-CLR at (NP (NP $ 41 *U*) (NP-ADV a share))) , (ADVP down (NP 37.5 cents))) .)) (TOP (S (NP-SBJ Jefferies Group Inc.) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP fell (NP-EXT 4 %) , (PP-DIR to (NP (NP (QP $ 2.2 million) *U*) , or (NP (NP 35 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 2.3 million) *U*) , or (NP (NP (NP 31 cents) (NP-ADV a share)) (PP on (NP more shares))) ,) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 15 %) , (PP-DIR to (NP (QP $ 36 million) *U*)) (PP-DIR from (NP (QP $ 31.2 million) *U*))) .)) (TOP (S (NP-SBJ (NP Jefferies) , (NP (NP a Los Angeles holding company) (VP (ADVP primarily) engaged (NP *) (PP-CLR in (NP securities trading)))) ,) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ (NP stock market declines) (PP-TMP since (NP (NP the quarter) (VP ended (NP-TMP Sept. 30))))) (VP created (NP (NP an unrealized pretax loss) (PP of (NP (QP about $ 6 million) *U*)) (PP-LOC in (NP its risk arbitrage account))))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ Jefferies) (VP said (SBAR 0 (S (NP-SBJ net) (VP fell (NP-EXT 39 %) , (PP-DIR to (NP (NP (QP $ 6.8 million) *U*) , or (NP (NP $ 1.07 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 11.1 million) *U*) , or (NP (NP $ 1.50 *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ Revenue) (VP fell (NP-EXT 3 %) , (PP-DIR to (NP (QP $ 105.2 million) *U*)) (PP-DIR from (NP (QP $ 108.4 million) *U*))) .)) (TOP (S (NP-SBJ (NP Sony Corp.) , (NP-LOC New York) ,) (VP said (SBAR 0 (S (NP-SBJ-1 (NP its bids) (PP for (NP (NP Columbia Pictures Entertainment Inc.) and (NP Guber-Peters Entertainment Co.)))) (VP have (VP been (VP cleared (NP *-1) (PP by (NP-LGS federal antitrust regulators)))))))) .)) (TOP (S (NP-SBJ The Japanese company) (VP said (SBAR 0 (S (NP-SBJ (NP the waiting period) (PP-LOC under (NP the Hart-Scott-Rodino antitrust act)) (PP for (NP (NP (NP the (ADJP (QP $ 3.4 billion) *U*) bid) (PP for (NP Columbia))) and (NP (NP the (ADJP (QP $ 200 million) *U*) offer) (PP for (NP Guber-Peters)))))) (VP expired (NP-TMP Monday))))) .)) (TOP (S (NP-SBJ-1 Sony) (VP (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP both companies)))))) , but (VP is (PP-LOC-PRD in (NP (NP a legal battle) (PP with (NP Warner Communications Inc.)) (PP over (NP (NP the services) (PP of (NP producers Peter Guber and Jon Peters)))))))) .)) (TOP (S (PP-LOC In (NP (NP a filing) (PP with (NP the Securities and Exchange Commission)))) , (NP-SBJ Sony) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 (NP two more suits) (VP *ICH*-2)) (VP have (VP been (VP filed (NP *-1) (VP-2 opposing (NP (NP the company 's) agreement (S (NP-SBJ *) (VP to (VP buy (NP Columbia)))))))))))) .)) (TOP (S (NP-SBJ Sony) (VP added (SBAR that (S (NP-SBJ-1 a hearing) (VP has (VP been (VP set (NP *-1) (PP-CLR for (NP (NP Thursday) (PP-LOC in (NP the Delaware Chancery Court)))) (PP-LOC in (NP (NP one) (PP of (NP the suits)))))))))) .)) (TOP (NP (NP Thursday) , (NP October 19 , 1989))) (TOP (S (NP-SBJ (NP The key (UCP U.S. and foreign) annual interest rates) (ADVP-LOC below)) (VP (VP are (NP-PRD (NP a guide) (PP to (NP general levels)))) but (VP do n't (ADVP-TMP always) (VP represent (NP actual transactions)))) .)) (TOP (NP (NP PRIME RATE) : (NP (QP 10 1) %) .)) (TOP (NP (NP The base rate) (PP on (NP corporate loans)) (PP-LOC at (NP large U.S. money center commercial banks)) .)) (TOP (NP (NP FEDERAL FUNDS) : (NP (NP (NP (QP 8 3) %) (ADJP high)) , (NP (NP (QP 8 5) %) (ADJP low)) , (NP (NP (QP 8 11) %) (PP-LOC near (NP closing bid))) , (NP (NP (QP 8 11) %) (VP offered (NP *)))) .)) (TOP (S (NP-SBJ-1 Reserves) (VP traded (NP *-1) (PP-LOC among (NP commercial banks)) (PP-PRP for (NP overnight use)) (PP in (NP (NP amounts) (PP of (NP (QP $ 1 million or more) *U*))))) .)) (TOP (NP (NP Source) : (NP Fulton Prebon (PRN -LRB- U.S.A . -RRB-) Inc) .)) (TOP (NP (NP DISCOUNT RATE) : (NP 7 %) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP depository institutions)) (PP by (NP the New York Federal Reserve Bank)))) .)) (TOP (NP (NP CALL MONEY) : (NP (NP (QP 9 3) %) to (NP 10 %)) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP brokers)) (PP on (NP stock exchange collateral)))) .)) (TOP (NP (NP (NP COMMERCIAL PAPER) (VP placed (NP *) (ADVP-MNR directly) (PP by (NP-LGS General Motors Acceptance Corp.)))) : (NP (NP (NP 8.45 %) (NP (QP 30 to 44) days)) ; (NP (NP 8.25 %) (NP (QP 45 to 73) days)) ; (NP (NP 8.325 %) (NP (QP 74 to 99) days)) ; (NP (NP 7.75 %) (NP (QP 100 to 179) days)) ; (NP (NP 7.50 %) (NP (QP 180 to 270) days))) .)) (TOP (NP (NP COMMERCIAL PAPER) : (NP (NP (NP High-grade unsecured notes) (VP sold (NP *) (PP through (NP dealers)) (PP by (NP-LGS major corporations)) (PP in (NP (NP multiples) (PP of (NP $ 1,000 *U*)))))) : (NP (NP (NP 8.525 %) (NP 30 days)) ; (NP (NP 8.425 %) (NP 60 days)) ; (NP (NP 8.375 %) (NP 90 days)))) .)) (TOP (NP (NP (NP CERTIFICATES) (PP OF (NP DEPOSIT))) : (NP (NP (NP 8.05 %) (NP one month)) ; (NP (NP 8.02 %) (NP two months)) ; (NP (NP 8 %) (NP three months)) ; (NP (NP 7.98 %) (NP six months)) ; (NP (NP 7.95 %) (NP one year))) .)) (TOP (NP (NP Average) (PP of (NP (NP top rates) (VP paid (NP *) (PP by (NP-LGS major New York banks)) (PP (PP on (NP (NP primary new issues) (PP of (NP negotiable C.D.s)))) , (ADVP-TMP usually) (PP on (NP (NP amounts) (PP of (NP (QP $ 1 million and more) *U*)))))))) .)) (TOP (S (NP-SBJ The minimum unit) (VP is (NP-PRD $ 100,000 *U*)) .)) (TOP (NP (NP (NP Typical rates) (PP-LOC in (NP the secondary market))) : (NP (NP (NP 8.60 %) (NP one month)) ; (NP (NP 8.60 %) (NP three months)) ; (NP (NP 8.45 %) (NP six months))) .)) (TOP (NP (NP BANKERS ACCEPTANCES) : (NP (NP (NP 8.45 %) (NP 30 days)) ; (NP (NP 8.32 %) (NP 60 days)) ; (NP (NP 8.32 %) (NP 90 days)) ; (NP (NP 8.17 %) (NP 120 days)) ; (NP (NP 8.08 %) (NP 150 days)) ; (NP (NP 7.98 %) (NP 180 days))) .)) (TOP (NP (NP Negotiable , bank-backed business credit instruments) (VP (ADVP typically) financing (NP an import order)) .)) (TOP (NP (NP LONDON LATE EURODOLLARS) : (NP (NP (NP (NP 8 11 %) to (NP 8 9 %)) (NP one month)) ; (NP (NP (NP 8 11 %) to (NP 8 9 %)) (NP two months)) ; (NP (NP (NP 8 11 %) to (NP 8 9 %)) (NP three months)) ; (NP (NP (NP 8 5 %) to (NP 8 1 %)) (NP four months)) ; (NP (NP (NP 8 9 %) to (NP 8 7 %)) (NP five months)) ; (NP (NP (NP 8 9 %) to (NP 8 7 %)) (NP six months))) .)) (TOP (NP (NP (NP LONDON INTERBANK OFFERED RATES) (PRN -LRB- (NP LIBOR) -RRB-)) : (NP (NP (NP (QP 8 3) %) (NP one month)) ; (NP (NP (QP 8 11) %) (NP three months)) ; (NP (NP (QP 8 9) %) (NP six months)) ; (NP (NP (QP 8 9) %) (NP one year))) .)) (TOP (NP (NP (NP The average) (PP of (NP interbank offered rates)) (PP for (NP dollar deposits)) (PP-LOC in (NP the London market))) (VP based (NP *) (PP-CLR on (NP (NP quotations) (PP-LOC at (NP five major banks))))) .)) (TOP (NP (NP FOREIGN PRIME RATES) : (NP (NP (NP Canada) (NP 13.50 %)) ; (NP (NP Germany) (NP 8.50 %)) ; (NP (NP Japan) (NP 4.875 %)) ; (NP (NP Switzerland) (NP 8.50 %)) ; (NP (NP Britain) (NP 15 %))) .)) (TOP (S (S (NP-SBJ These rate indications) (VP are n't (ADJP-PRD directly comparable))) ; (S (NP-SBJ lending practices) (VP vary (ADVP-MNR widely) (PP by (NP location)))) .)) (TOP (NP (NP TREASURY BILLS) : (NP (NP (NP Results) (PP of (NP (NP the (NAC-TMP Monday , October 16 , 1989 ,) auction) (PP of (NP (NP short-term U.S. government bills) , (VP sold (NP *) (PP-CLR at (NP (NP a discount) (PP from (NP face value)))) (PP in (NP (NP units) (PP of (NP (QP $ 10,000 to $ 1 million) *U*)))))))))) : (NP (NP (NP 7.37 %) (NP 13 weeks)) ; (NP (NP 7.42 %) (NP 26 weeks)))) .)) (TOP (NP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP .) (PRN -LRB- (NP Freddie Mac) -RRB-)) : (NP (NP Posted yields) (PP on (NP (NP 30-year mortgage commitments) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days))))))) .)) (TOP (NP (NP (NP 9.87 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 7.875 %) , (NP (ADJP 2 %) (ADJP rate capped) one-year adjustable rate mortgages)) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION) (PRN -LRB- (NP Fannie Mae) -RRB-)) : (NP (NP (NP Posted yields) (PP on (NP (NP 30 year mortgage commitments) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days)))) (PRN -LRB- (VP priced (NP *) (PP-CLR at (NP par))) -RRB-)))) (NP (NP (NP 9.81 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 8.70 %) , (NP 6 (ADJP rate capped) one-year adjustable rate mortgages)))) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP MERRILL LYNCH READY ASSETS TRUST) : (NP 8.50 %) .)) (TOP (NP (NP (NP Annualized average rate) (PP of (NP return)) (PP-TMP after (NP expenses)) (PP for (NP the past 30 days))) ; (NP (NP not a forecast) (PP of (NP future returns))) .)) (TOP (S (NP-SBJ China) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the question) (PP of (NP (NP (NP Taiwan 's) membership) (PP-LOC in (NP (NP the General Agreement) (PP on (NP Tariffs and Trade))))))) (VP should (VP be (VP considered (NP *-1) (SBAR-TMP only after (S (NP-SBJ-2 (NP (NP China 's) own membership) (PP-LOC in (NP the 97-nation organization))) (VP is (VP restored (NP *-2))))))))))) .)) (TOP (S (NP-SBJ Both China and Taiwan) (VP are (VP seeking (NP (NP seats) (PP-LOC in (NP (NP GATT) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP sponsors (NP trade-liberalizing agreements)) and (VP sets (NP world-commerce rules)))))))))) .)) (TOP (S `` (S-TPC-1 (PP As (NP (NP one) (PP of (NP (NP China 's) provinces)))) , (NP-SBJ Taiwan) (VP has (NP no right (S (NP-SBJ *) (VP to (VP join (NP GATT) (PP on (NP its own)))))))) , '' (NP-SBJ Foreign Ministry spokesman Li Zhaoxing) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ China) , (PP-LOC under (NP (NP the Nationalist government) (PP of (NP Chiang Kai-shek)))) , (VP was (NP-PRD (NP a founding member) (PP of (NP GATT))) (PP-TMP in (NP 1947))) .)) (TOP (S (S (NP-SBJ The Nationalists) (VP withdrew (PP-TMP in (NP 1950)) , (PP-TMP after (NP (NP their flight) (PP to (NP Taiwan)))))) , and (S (NP-SBJ (NP the Communist government) (PP-LOC in (NP Beijing))) (VP applied (PP-CLR for (NP (NP restoration) (PP of (NP (NP China 's) membership)))) (PP-TMP in (NP July 1986)))) .)) (TOP (S (NP-SBJ-2 The U.S.) (VP has (VP voiced (NP (NP opposition) (PP to (NP (NP (NP China 's) bid) (PP for (NP GATT membership))))) , (S-ADV (NP-SBJ *-2) (VP saying (SBAR 0 (S (NP-SBJ-1 China) (VP has (ADVP-TMP yet) (S (NP-SBJ *-1) (VP to (VP undertake (NP needed economic reforms))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Japan 's) biggest (NP women 's) underwear maker) , (NP Wacoal Corp.) ,) (VP said (SBAR that (S (NP-SBJ it) (VP developed (NP (NP a sports car) (SBAR (WHNP-1 that) (S (NP-SBJ-2 it) (VP plans (S (NP-SBJ *-2) (VP to (VP market (NP *T*-1) (PP-TMP in (NP two years))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The `` Jiotto Caspita '') (VP can (VP run (PP at (NP (NP (QP over 188) miles) (NP-ADV an hour)))))) , (NP-SBJ a company spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP The base price) (PP of (NP the car))) (VP is (VP estimated (NP *-1) (PP-CLR at (NP (NP (QP 30 million) yen) (PRN -LRB- (NP (QP about $ 213,000) *U*) -RRB-))))) .)) (TOP (S (NP-SBJ Wacoal) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP intends (S (NP-SBJ *-1) (VP to (VP produce (NP the cars) (PP through (NP a car manufacturer))))))))) .)) (TOP (S (PP Along (PP with (NP the car))) , (NP-SBJ-1 Wacoal) (VP plans (S (NP-SBJ *-1) (VP to (VP launch (NP (NP a series) (PP of (NP (NP Caspita-brand men 's) underwear))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Our image) (VP is (NP-PRD (NP a company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (NP (NP women 's) products))))))) , '' (VP said (S *T*-2)) (NP-SBJ a Wacoal spokesman) .)) (TOP (S `` (ADVP Now) , (NP-SBJ-1 we) (VP 're (VP going (S (NP-SBJ *-1) (VP to (VP sell (PP-CLR to (NP men))))))) . '')) (TOP (S (NP-SBJ The British satirical magazine Private Eye) (VP won (NP (NP an appeal) (PP against (NP (NP the size) (PP of (NP (NP a (ADJP $ 960,000 *U*) libel award) (PP to (NP (NP Sonia Sutcliffe) , (NP (NP the estranged wife) (PP of (NP the `` Yorkshire Ripper '' mass murderer))))))))))) .)) (TOP (S (NP-SBJ An appeals-court panel) (VP slashed (NP (QP all but $ 40,000) *U*) (PP-CLR from (NP (NP the award) , (NP (NP the largest) (VP (ADVP-TMP ever) set (NP *) (PP by (NP-LGS a British jury)))) ,)) (PP pending (NP (NP a reassessment) (PP of (NP the damages))))) .)) (TOP (S But (NP-SBJ the panel) (VP dismissed (NP (NP the magazine 's) contention (SBAR that (S (NP-SBJ it) (VP had n't (VP libeled (NP Mrs. Sutcliffe) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ it) (VP accused (NP-3 her) (PP-CLR of (S-NOM (NP-SBJ-1 *-3) (VP trying (S (NP-SBJ *-1) (VP to (VP sell (NP her story)))) (S-PRP (NP-SBJ *-1) (VP to (VP capitalize (PP-CLR on (NP (NP the notoriety) (PP of (NP her husband)))))))))) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (NP-SBJ-1 Private Eye) (VP had (VP been (VP threatened (NP *-1) (PP with (NP closure)) (SBAR-PRP because (S (NP-SBJ it) (VP could n't (VP afford (NP the libel payment)))))))) .)) (TOP (S (NP-SBJ (NP Senshukai Co.) , (NP (NP a travel agent) (VP based (NP *) (PP-LOC-CLR in (NP (NP Osaka) , (NP Japan) ,))))) (VP announced (SBAR that (S (NP-SBJ (NP it) and (NP (NP Nissho Iwai Corp.) , (NP a major Japanese trading house) ,)) (VP will (VP (ADVP-MNR jointly) build (NP a 130-unit condominium) (PP-LOC in (NP (NP Queensland) , (NP Australia)))))))) .)) (TOP (S (NP-SBJ Senshukai) (VP said (SBAR 0 (S (NP-SBJ-1 the partners) (VP (VP plan (S (NP-SBJ *-1) (VP to (VP rent (PP-CLR to (NP tourists)))))) but (VP will also (VP sell (PP-CLR to (NP interested parties)))))))) .)) (TOP (S (S (NP-SBJ Senshukai) (VP has (NP (NP a (ADJP 60 %) stake) (PP-LOC in (NP the venture))))) and (S (NP-SBJ Nissho Iwai) (VP has (NP the rest))) .)) (TOP (S (NP-SBJ-1 (NP Construction) (PP of (NP the 34-floor building))) (VP (VP will (VP begin (NP-TMP next May))) and (VP should (VP be (VP completed (NP *-1) (PP-TMP in (NP April 1992)))))) .)) (TOP (S (NP-SBJ Units) (VP will (VP cost (NP (NP (QP from 500,000 to 3.5 million) Australian dollars) (PRN -LRB- (NP (QP about US$ 386,000 to US$ 2.7 million) *U*) -RRB-)))) .)) (TOP (S (NP-SBJ The Soviet Union) (VP (VP has (VP halted (NP (NP construction) (PP of (NP two Chernobyl-type nuclear reactors))))) and (VP is (VP reassessing (NP (NP the future) (PP of (NP 12 other existing reactors)))))) .)) (TOP (S (NP-SBJ (NP Viktor Sidorenko) , (NP (NP vice chairman) (PP of (NP (NP the State Committee) (PP on (NP Nuclear Safety))))) ,) (VP said (SBAR 0 (S (NP-SBJ the two reactors) (VP were (PP-LOC-PRD at (NP Kursk and Smolensk)))))) .)) (TOP (S (NP-SBJ (NP News) (PP of (NP the halt))) (VP comes (PP amid (NP (NP growing anger) (PP-LOC in (NP (NP the Ukraine) and (NP Byelorussia))) (PP over (NP (NP continuing high levels) (PP of (NP radiation)) (PP from (NP Chernobyl))))))) .)) (TOP (S (NP-SBJ-1 (NP A former vice president) (PP of (NP (NP the Singapore branch) (PP of (NP Drexel Burnham Lambert Group Inc.))))) (VP was (VP charged (NP *-1) (PP-LOC in (NP court)) (NP-TMP yesterday) (PP on (NP (NP 19 counts) (PP of (NP cheating)))))) .)) (TOP (S (NP-SBJ-1 (NP Francis Dang) , (NP 41) ,) (VP is (VP alleged (S (NP-SBJ-2 *-1) (VP to (VP have (VP been (VP involved (NP *-2) (PP-CLR in (S-NOM (NP-SBJ-3 *) (VP cheating (NP Drexel Burnham Lambert) (PP-CLR of (NP (NP (QP up to 2.1 million) Singapore dollars) (PRN -LRB- (NP (QP US$ 1.1 million) *U*) -RRB-))) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP carrying (PRT out) (NP unauthorized transactions) (PP-LOC on (NP (NP the London Commodities Exchange) and (NP the International Petroleum Exchange)))))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Dang) (VP is (VP alleged (S (NP-SBJ-2 *-1) (VP to (VP have (VP used (NP (NP the account) (PP of (NP Singapore hotel and property magnate Ong Beng Seng))) (S-PRP (NP-SBJ *-2) (VP to (VP effect (NP the transactions)))))))))) .)) (TOP (S (NP-SBJ Japan) (VP says (SBAR 0 (S (NP-SBJ its economic growth) (VP will (VP fall (ADVP-MNR sharply) (SBAR-ADV if (S (NP-SBJ-1 it) (VP cuts (ADVP back) (PP-CLR on (NP (NP the use) (PP of (NP oil , coal and gas)))) (S-PRP (NP-SBJ *-1) (VP to (VP cap (NP (NP emissions) (PP of (NP carbon dioxide)))))))))))))) .)) (TOP (S (NP-SBJ A (NAC Ministry (PP of (NP International Trade and Industry))) official) (VP said (SBAR that (S (NP-SBJ a study) (VP found (SBAR that (S (NP-SBJ (NP Japan 's) annual economic growth rate) (VP would (ADVP-TMP eventually) (VP be (NP-PRD (QP only 0.8) %) (SBAR-ADV if (S (NP-SBJ carbon-dioxide emissions) (VP remained (PP-LOC-PRD at (NP (NP (NP this year 's) level) (PP of (NP (QP 300 million) tons))))))))))))))) .)) (TOP (S (NP-SBJ The study) (VP will (VP support (NP (NP arguments) (PP against (S-NOM (NP-SBJ *) (VP capping (NP carbon-dioxide emissions)))) (SBAR (WHNP-1 that) (S (NP-SBJ Japan) (VP will (VP make (NP *T*-1) (PP-LOC at (NP (NP a U.N.-backed conference) (PP on (NP atmospheric pollution)))) (NP-TMP next month)))))))) .)) (TOP (S (NP-SBJ The study) (VP said (SBAR 0 (S (NP-SBJ (NP Japan 's) carbon-dioxide emissions) (VP would (VP (ADVP slightly more than) double (PP-TMP by (NP 2010)) (SBAR-ADV unless (S (NP-SBJ the nation) (VP reduced (NP (NP its dependence) (PP on (NP fossil fuels))))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP expanding (NP nuclear-power capability))) (VP is (NP-PRD (NP the quickest way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP lessen (NP that dependence) (ADVP-MNR *T*-1)))))))))) .)) (TOP (S (S-TPC-1 But (NP-SBJ (NP increased reliance) (PP on (NP nuclear power))) (VP would (VP meet (NP (NP stiff opposition) (PP from (NP environmentalists)))))) , (NP-SBJ a second ministry official) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP Just in (NP (NP time) (PP for (NP Halloween)))) , (NP-SBJ (NP Britain 's) Oxford University Press) (VP is (VP publishing (NP (NP a `` Dictionary) (PP of (NP Superstitions))))) . '')) (TOP (S (NP-SBJ (NP The books) 1,500 entries) (VP include (S (NP-SBJ *) (VP (VP stepping (PP-CLR on (NP cracks))) and (VP knocking (PP-CLR on (NP wood)))))) ... .)) (TOP (S (PP-LOC In (NP (NP (NP New Zealand 's) tiny township) (PP of (NP (NP Kaitaia) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP had (NP direct dialing) (PP-TMP for (NP (QP less than a) year)))))))))) , (NP-SBJ (QP about 30) angry phone-company customers) (VP questioned (NP (NP the size) (PP of (NP their bills)))) .)) (TOP (S (NP-SBJ It) (VP turned (PRT out) (SBAR 0 (S (NP-SBJ their children) (VP had (VP been (VP dialing (NP (NP a `` sex fantasy '' service) (PP-LOC in (NP the U.S))))))))) .)) (TOP (S (NP-SBJ (NP Slowing sales) (PP of (NP its profitable Jeep Cherokee and Wagoneer sport utility vehicles))) (VP are (VP forcing (S (NP-SBJ Chrysler Corp.) (VP to (ADVP-TMP temporarily) (VP idle (NP its (NAC-LOC Toledo , Ohio ,) assembly plant) (PP-TMP for (NP (NP the first time) (PP-TMP since (NP April 1986))))))))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ-3 (QP About 5,500) hourly workers) (VP will (VP be (VP laid (NP *-3) (PRT off) (PP-TMP for (NP a week)) (PP-TMP beginning (NP Oct. 23)))))) , and (S (NP-SBJ-1 overtime) (VP has (VP been (VP eliminated (NP *-1) (PP-LOC at (NP the plant)) (PP-TMP for (NP the fourth quarter))))))) , (NP-SBJ a Chrysler spokesman) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP a significant change) (PP from (NP (NP-TMP earlier this year) (SBAR (WHADVP-2 when) (S (NP-SBJ-1 the plant) (VP worked (NP substantial overtime) (ADVP-TMP *T*-2) (S-ADV (ADVP only) (NP-SBJ *-1) (VP to (VP have (S (NP-SBJ sales) (VP fall (ADVP-CLR short (PP of (NP (NP the company 's) bullish expectations))))))))))))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP (NP (NP Cherokee) , (NP the best-selling Jeep) ,) and (NP the lower-volume Wagoneer)))) (VP were (ADVP actually) (ADVP-PRD up (NP (QP about 10) %)) (PP-TMP through (NP (NP the end) (PP of (NP last month))))) .)) (TOP (S But (NP-SBJ that) (VP 's (ADJP-PRD (ADJP less) (SBAR than (S (NP-SBJ Chrysler officials) (VP had (VP hoped (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP set (NP (NP ambitious production schedules) (PP for (NP the Toledo plant))) (NP-TMP earlier this year) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (S-TPC-3 (SBAR-TMP (ADVP Even) (WHADVP-1 when) (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP became (ADJP-PRD clear) (NP-TMP this spring) (SBAR-2 that (S (NP-SBJ demand) (VP was n't (VP coming (PP-CLR up (PP to (NP expectations))))))) (ADVP-TMP *T*-1)))) , (NP-SBJ-4 Chrysler officials) (VP `` resisted '' (S (NP-SBJ *-4) (VP cutting (NP output))) (SBAR-PRP because (S (NP-SBJ Cherokee and Wagoneer) (VP are `` (NP-PRD (ADJP very profitable) vehicles)))))) , '' (NP-SBJ the spokesman) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (ADVP Instead) , (NP-SBJ Chrysler officials) (PP-TMP in (NP late May)) (VP slapped (NP (NP (ADJP $ 1,000 *U*) cash rebates) (PP *ICH*-1)) (PP-CLR on (NP the vehicles)) , (PP-1 including (NP (NP the first such incentives) (PP on (NP the popular four-door Cherokee)) (SBAR-TMP since (S (NP-SBJ Chrysler) (VP bought (NP Jeep) (PP-TMP in (NP 1987)))))))) .)) (TOP (S (S (NP-SBJ The incentives) (VP boosted (NP sales) (PP-TMP for (NP a while)))) , but (S (NP-SBJ the pace) (VP had (VP cooled (PP-TMP by (NP last month))))) .)) (TOP (NP (NP The result) : (S (NP-SBJ Chrysler dealers) (VP (VP had (NP-2 (NP a bloated 82-day supply) (PP of (NP the Cherokee))) (PP-TMP as (PP of (NP (NP the end) (PP of (NP last month)))))) and (VP (NP=2 (NP a 161-day supply) (PP of (NP (NP the Comanche pickup) , (SBAR (WHNP-1 which) (S (NP-SBJ Toledo) (ADVP also) (VP builds (NP *T*-1)))))))))) .)) (TOP (S (NP-SBJ-1 A (ADJP 60-day to 65-day) supply) (VP is (VP considered (S (NP-SBJ *-1) (ADJP-PRD normal)))) .)) (TOP (S (PP-LOC At (NP (NP Jasper Jeep-Eagle) , (NP (NP one) (PP of (NP (NP the largest Jeep dealerships) (PP-LOC in (NP the country))))) ,)) (NP-SBJ-1 inventories) (VP have (VP continued (S (NP-SBJ *-1) (VP to (VP swell))))) .)) (TOP (S (NP-SBJ (NP Steve Lowe) , (NP (NP general manager) (PP of (NP (NAC-LOC Jasper , Ga. ,) dealership))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP new rebates) (PP of (NP (QP $ 500 to $ 1,000) *U*)) (PP on (NP the models))) (VP have (VP (VP stimulated (NP sales) (ADVP-1 *NOT*)) , but (VP (ADVP=1 not enough (S (NP-SBJ *) (VP to (ADVP-MNR significantly) (VP cut (NP dealer stocks))))))))))) .)) (TOP (S `` (S-TPC-2 (SBAR-ADV If (S (NP-SBJ people) (VP are n't (VP buying)))) , (NP-SBJ-1 you) (VP have (S (NP-SBJ *-1) (VP to (VP close (NP plants)))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (ADVP Separately) , (NP-SBJ Chrysler) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP idle (PP-TMP for (NP four weeks)) (NP (NP the St. Louis assembly plant) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP builds (NP the Chrysler LeBaron and Dodge Daytona models)))))))))) .)) (TOP (S (NP-SBJ Chrysler officials) (VP said (SBAR 0 (S (S (NP-SBJ-2 the plant) (VP is (VP scheduled (S (NP-SBJ *-2) (VP to (VP resume (NP production) (PP-TMP on (NP Nov. 20.)))))))) , and (S (NP-SBJ-1 3,300 hourly workers) (VP will (VP be (VP affected (NP *-1)))))))) .)) (TOP (S (NP-SBJ General Motors Corp.) , (ADVP-TMP meanwhile) , (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP idle (PP-TMP for (NP (ADJP yet another) week)) (NP its (NAC-LOC Linden , N.J. ,) assembly plant) , (S-ADV (NP-SBJ *) (VP bringing (PP-CLR to (NP three weeks)) (NP (NP the total time) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 that plant) (VP will (VP be (VP idled (NP *-1) (PP-TMP during (NP October)) (ADVP-TMP *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ GM) (VP said (SBAR 0 (S (NP-SBJ-2 (NP the assembly plant) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP builds (NP the Chevrolet Corsica and Beretta compact cars)))) ,) (VP (VP (ADVP originally) was (VP scheduled (S (NP-SBJ *-2) (VP to (VP reopen (NP-TMP Monday)))))) but (VP (ADVP-TMP now) will not (VP resume (NP production) (PP-TMP until (NP Oct. 30)))))))) .)) (TOP (S (NP-SBJ The shutdown) (VP (VP affects (NP 3,000 workers)) and (VP will (VP cut (NP output) (PP-EXT by (NP (QP about 4,320) cars))))) .)) (TOP (S (NP-SBJ (NP Sluggish sales) (PP of (NP the Beretta and Corsica))) (VP spurred (S (NP-SBJ GM) (VP to (VP offer (NP (NP (ADJP $ 800 *U*) rebates) (PP on (NP those cars))))))) .)) (TOP (S (S (NP-SBJ The Corsica and Beretta) (VP make (PRT up) (NP (NP the highest-volume car line) (PP-LOC at (NP Chevrolet))))) , but (S (NP-SBJ (NP sales) (PP of (NP the cars))) (VP (VP are (ADVP-PRD off (NP 9.6 %)) (PP for (NP the year))) , and (VP fell (NP-EXT a steep 34.2 %) (NP-TMP early this month)))) .)) (TOP (S (NP-SBJ GM) (VP has (VP scheduled (NP overtime) (PP-LOC at (NP (NP its (NAC-LOC Lordstown , Ohio ,) and (NAC-LOC Janesville , Wis. ,) assembly plants) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP build (NP the Chevrolet Cavalier)))))))) .)) (TOP (S (NP-SBJ Ford Motor Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP shut (PRT down) (PP-TMP for (NP one week)) (NP its Kentucky Truck Plant) (PP-PRP because of (NP (NP a `` shortage) (PP of (NP dealer orders))))))))) . '')) (TOP (S (NP-SBJ The shutdown) (VP will (VP (VP idle (NP 2,000 hourly employees)) and (VP eliminate (NP (NP production) (PP of (NP (QP about 1,300) medium and heavy duty trucks)))))) .)) (TOP (S (NP-SBJ-1 The assembly plant) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP resume (NP production) (PP-TMP on (NP Oct. 30))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 the nine major U.S. auto makers) (VP plan (S (NP-SBJ *-1) (VP to (VP build (NP (NP 143,178 cars) (UCP *ICH*-2)) (NP-TMP this week) , (UCP-2 (ADVP down (NP 11.7 %) (PP from (NP 162,190) (ADVP-TMP (NP a year) ago))) and (ADJP flat (PP with (NP (NP last week 's) 142,117 car output)))))))) .)) (TOP (X (NP f) - (FRAG (VP Includes (NP (NP Chevrolet Prizm) and (NP Toyota Corolla)))) .)) (TOP (X (NP r) - (VP Revised) .)) (TOP (X (NP x) - (S (NP-SBJ Year-to-date 1988 figure) (VP includes (NP (NP Volkswagen domestic-production) (PP-TMP through (NP July))))) .)) (TOP (S (NP-SBJ (NP LOTUS DEVELOPMENT Corp. 's) net income) (VP rose (NP-EXT 61 %) (PP-TMP in (NP the third quarter)) (PP-DIR from (NP the year-earlier period))) .)) (TOP (S (NP-SBJ (NP Yesterday 's) edition) (VP misstated (NP the percentage increase)) .)) (TOP (S (NP-SBJ (NP First Fidelity Bancorp.) , (NP-LOC (NP Lawrenceville) , (NP N.J.) ,)) (VP reported (NP (NP a (ADJP 24 %) drop) (PP-LOC in (NP third-quarter profit))) , (PP-PRP because of (NP (NP (NP a decline) (PP-LOC in (NP earning assets))) , (NP lower loan volume) and (NP tighter interest margins)))) .)) (TOP (S (NP-SBJ The bank holding company) (VP posted (NP (NP net income) (PP of (NP (NP (QP $ 54.4 million) *U*) , or (NP (NP 87 cents) (NP-ADV a share)))) , (PP including (NP (NP (NP (QP $ 1.7 million) *U*) , or (NP (NP three cents) (NP-ADV a share)) ,) (PP in (NP one-time tax benefits)))))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (NP-SBJ net) (VP was (NP-PRD (NP (QP $ 71.6 million) *U*) , or (NP (NP $ 1.22 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ First Fidelity) (VP said (SBAR 0 (S (NP-SBJ non-performing assets) (VP increased (PP-DIR to (NP (QP $ 482.3 million) *U*)) (NP-TMP Sept. 30) (PP-DIR from (NP (QP $ 393.1 million) *U*) (NP-TMP June 30)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The rise) (VP resulted (PP-CLR from (NP (NP the transfer) (PP to (NP non-accrual status)) (PP of (NP (NP (QP $ 96 million) *U*) `` (VP owed (NP *) (PP by (NP-LGS (NP two national borrowers) and (NP one local commercial real-estate customer)))))))))) , '' (NP-SBJ First Fidelity) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ it) (VP does n't (VP anticipate (NP (NP any loss) (PP of (NP principal)) (PP on (NP (NP two) (PP of (NP the loans)) , (VP comprising (NP (NP (QP $ 85 million) *U*) (PP of (NP these credits)))))))))))) .)) (TOP (S (NP-SBJ First Fidelity) (VP said (SBAR 0 (S (NP-SBJ it) (VP boosted (NP its loan-loss provision) (PP-DIR to (NP (QP $ 50.9 million) *U*)) (PP-DIR from (NP (QP $ 20.4 million) *U*) (ADVP-TMP (NP a year) ago)) , (PP-PRP primarily because of (NP (NP a weaker real-estate sector) (PP-LOC in (NP the region)))))))) .)) (TOP (S (NP-SBJ (NP VIACOM Inc. 's) loss) (VP narrowed (PP-DIR to (NP (QP $ 21.7 million) *U*)) (PP-TMP in (NP the third quarter)) (PP-DIR from (NP (QP $ 56.9 million) *U*) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ (NP Thursday 's) edition) (VP misstated (NP the narrowing)) .)) (TOP (S (NP-SBJ Coastal Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP (NP a definitive agreement (S *ICH*-1)) (PP with (NP Aruba)) (S-1 (NP-SBJ *) (VP to (VP restart (NP a 150,000-barrel-a-day oil refinery))))))))) .)) (TOP (S (NP-SBJ Coastal) (VP would n't (VP disclose (NP the terms))) .)) (TOP (S (NP-SBJ (NP Coastal) , (NP a Houston oil and gas company) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP begin (NP operations) (PP-TMP in (NP October 1990))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP may (VP install (NP additional processing units) (PP-LOC at (NP the refinery)) (S-PRP (NP-SBJ *-1) (VP to (VP produce (NP (NP higher octane gasolines) and (NP other products)))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (VP leasing (NP (NP the site) (PP of (NP the refinery))) (PP-CLR from (NP Aruba))))))) .)) (TOP (S (NP-SBJ Exxon Corp.) (VP (VP built (NP the plant)) but (VP closed (NP it) (PP-TMP in (NP 1985))) and (VP sold (PRT off) (NP (NP much) (PP of (NP the equipment))) (PP-CLR to (NP (NP dismantling contractors) , (SBAR (WHPP-1 from (WHNP whom)) (S (NP-SBJ Coastal) (VP bought (ADVP back) (NP (NP much) (PP of (NP the equipment))) (PP-CLR *T*-1)))))))) .)) (TOP (S (NP-SBJ A Coastal spokesman) (VP (VP said (SBAR 0 (S (NP-SBJ the biggest expense) (VP will (VP be (S-PRD (NP-SBJ *) (VP to (VP refurbish (NP the refinery))))))))) but (VP would n't (VP say (SBAR-NOM (WHNP-1 how much) (S (NP-SBJ that) (VP would (VP be (NP-PRD *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP The prime minister) (PP of (NP Aruba))) (VP has (VP said (SBAR 0 (S (NP-SBJ it) (VP could (VP cost (NP (QP around $ 100 million) *U*))))))) .)) (TOP (S (NP-SBJ Coastal) (VP said (SBAR 0 (S (NP-SBJ (NP the refinery 's) expected daily production) (VP will (VP include (NP (NP (NP 34,000 barrels) (PP of (NP jet fuel))) , (NP (NP 32,000 barrels) (PP of (NP low-sulfur diesel fuel))) , (NP (NP 30,000 barrels) (PP of (NP naphtha))) , (NP (NP 17,000 barrels) (PP of (NP residual fuel oil))) , (NP (NP 8,000 barrels) (PP of (NP asphalt))) and (NP (NP 25,000 barrels) (PP of (NP low-sulfur catalytic cracker feedstock))))))))) .)) (TOP (S (NP-SBJ Loral Corp.) (VP said (SBAR 0 (S (NP-SBJ fiscal second-quarter net income) (VP was (NP-PRD (NP (QP $ 19.8 million) *U*) , or (NP (NP 79 cents) (NP-ADV a share))) , (PP compared (PP with (NP (NP year-earlier earnings) (PP from (NP continuing operations)) (PP of (NP (NP (QP $ 15.6 million) *U*) , or (NP (NP 62 cents) (NP-ADV a share))))))))))) .)) (TOP (S (NP-SBJ (NP Year-earlier net) (PP of (NP (NP (QP $ 21 million) *U*) , or (NP (NP 84 cents) (NP-ADV a share)) ,))) (VP included (NP (NP the results) (PP of (NP (NP (NP Loral 's) former Aircraft Braking Systems and Engineered Fabrics divisions) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP were (VP sold (NP *-1) (NP-TMP April 27) (PP-CLR to (NP (NP (NP the company 's) chairman) , (NP Bernard L. Schwartz))))))))))) .)) (TOP (S (NP-SBJ The defense electronics concern) (VP attributed (NP the operating improvement) (PP-CLR to (NP (NP higher profit margins) and (NP lower net interest expense)))) .)) (TOP (S (NP-SBJ Loral) (ADVP also) (VP reported (SBAR that (S (NP-SBJ its bookings) (VP (ADVP more than) doubled (PP-DIR to (NP (NP (QP $ 654 million) *U*) (PP-TMP in (NP (NP the quarter) , (VP ended (NP-TMP Sept. 30)))))) , (PP-DIR from (NP (NP (QP $ 257 million) *U*) , (PP-TMP in (NP the year-before period)))))))) .)) (TOP (S (NP-SBJ The increase) (VP was (ADJP-PRD due mainly (PP to (NP (NP a (ADJP (QP $ 325 million) *U*) order (SBAR *ICH*-2)) (PP from (NP Turkey)) (SBAR-2 (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP equip (NP (NP its fleet) (PP of (NP F-16 fighters))) (PP-CLR with (NP (NP Loral 's) ALQ-178 Rapport III electronic countermeasures system)))))))))) .)) (TOP (S (NP-SBJ The order) (VP is (NP-PRD (NP the biggest) (PP-LOC in (NP (NP the company 's) history)))) .)) (TOP (S (NP-SBJ (NP Sales) (PP-TMP in (NP the latest period))) (VP edged (ADVP-DIR up) (PP-DIR to (NP (QP $ 295.7 million) *U*)) (PP-DIR from (NP (QP $ 293.9 million) *U*))) .)) (TOP (S (NP-SBJ Mr. Schwartz) (VP said (SBAR 0 (S (NP-SBJ (NP the recent increase) (PP-LOC in (NP orders))) `` (VP puts (NP us) (PP-PUT well on (NP (NP the way) (PP to (NP (NP our goal) (PP of (NP (NP (QP $ 1.6 billion) *U*) (PP in (NP (NP bookings) (PP for (NP the year)))))))))))))) . '')) (TOP (S (NP-SBJ He) (VP added : `` (S (NP-SBJ-2 I) (VP expect (S (NP-SBJ *-2) (VP to (VP see (S (NP-SBJ (NP the earnings momentum) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP experienced (NP *T*-1) (NP-TMP this quarter))))) (VP continue (PP-TMP for (NP (NP the rest) (PP of (NP the year)))))))))))) . '')) (TOP (S (NP-SBJ Loral) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ sales) (VP to (VP accelerate (PP-TMP in (NP (NP both the third and fourth quarters) (PP of (NP this fiscal year))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Loral 's) profit) (PP from (NP continuing operations)) (PP for (NP (NP the first six months) (PP of (NP fiscal 1990))))) (VP was (NP-PRD (NP (QP $ 36.4 million) *U*) , or (NP (NP $ 1.44 *U*) (NP-ADV a share))) , (ADVP up (NP 31 %) (PP from (NP (NP (QP $ 27.8 million) *U*) , or (NP (NP $ 1.11 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ Net income) (VP fell (NP-EXT 8.6 %) (PP-DIR to (NP (NP (QP $ 37.1 million) *U*) , or (NP (NP $ 1.43 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 40.6 million) *U*) , or (NP (NP $ 1.56 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Fiscal first-half sales) (VP slipped (NP-EXT 3.9 %) (PP-DIR to (NP (QP $ 528.4 million) *U*)) (PP-DIR from (NP (QP $ 549.9 million) *U*))) .)) (TOP (S (NP-SBJ (NP Bookings) (PP for (NP the first half))) (VP totaled (NP (QP $ 813 million) *U*) , (PP compared (PP with (NP (NP the (QP $ 432 million) *U*) (VP recorded (NP *) (NP-TMP last year)))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Loral) (VP closed (PP-CLR at (NP $ 33.25 *U*)) , (ADVP down (NP 37.5 cents))) .)) (TOP (S (NP-SBJ HealthVest) (VP said (SBAR 0 (S (NP-SBJ (NP two) (PP of (NP its lenders))) (VP (VP have (VP given (NP it) (NP (NP notices) (PP of (NP (NP default) (PP on (NP bank loans))))))) and (VP said (SBAR 0 (S (NP-SBJ they) (VP may (VP take (NP (NP actions) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP recover (NP their loans) (ADVP-MNR *T*-1))))))))))))))) .)) (TOP (S (NP-SBJ (NP HealthVest) , (NP an (NAC-LOC Austin , Texas ,) real estate investment trust) ,) (VP said (SBAR that (S (NP-SBJ (NP Chemical Bank) , (NP (NP the lead bank) (PP-LOC under (NP its domestic bank agreement))) ,) (VP told (NP it) (SBAR that (S (SBAR-ADV if (S (NP-SBJ-2 (NP (QP $ 3.3 million) *U*) (VP owed (NP *) (PP-DTV to (NP the bank group)))) (VP is n't (VP paid (NP *-2) (PP-TMP by (NP today)))))) , (NP-SBJ the group) (VP will (VP call (NP (NP the (QP $ 120 million) *U*) (SBAR (WHNP-1 that) (S (NP-SBJ HealthVest) (VP has (S (NP-SBJ *T*-1) (ADJP-PRD outstanding)) (PP-LOC under (NP the credit line)))))))))))))) .)) (TOP (S (NP-SBJ The bank group) (ADVP also) (VP said (SBAR that (S (NP-SBJ it) (VP wo n't (VP make (NP additional advances) (PP-LOC under (NP the (ADJP (QP $ 150 million) *U*) credit line))))))) .)) (TOP (S (NP-SBJ HealthVest) (VP missed (NP (NP a payment) (PP to (NP the group)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD due (PP-TMP in (NP late September)))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ HealthVest) (VP said (SBAR 0 (S (NP-SBJ (NP Bank) (PP of (NP Tokyo Trust Co.))) (ADVP also) (VP has (VP (VP notified (NP it) (PP-CLR of (NP a default))) and (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP might (VP take (NP action) (S-PRP (NP-SBJ *-1) (VP to (VP cure (NP the default)))))))))))))) .)) (TOP (S (NP-SBJ HealthVest) (VP missed (NP (NP an interest payment) (PP to (NP (NP Bank) (PP of (NP Tokyo))))) (PP-TMP on (NP Oct. 1))) .)) (TOP (S (ADVP However) , (NP-SBJ HealthVest) (VP said (SBAR 0 (S (NP-SBJ the Tokyo bank) (VP indicated (SBAR that (S (NP-SBJ it) (VP wo n't (VP accelerate (NP (NP HealthVest 's) (ADJP (QP $ 50 million) *U*) loan))))))))) .)) (TOP (S (NP-SBJ HealthVest) (VP is (PP-LOC-PRD in (NP a severe liquidity bind)) (SBAR-PRP because (S (NP-SBJ-1 (NP its affiliate) , (NP Healthcare International Inc.) ,) (VP has (VP failed (S (NP-SBJ *-1) (VP to (VP make (NP (NP (QP about $ 10.6 million) *U*) (PP in (NP principal and interest payments)) (VP owed (NP *) (PP-TMP since (NP August)))))))))))) .)) (TOP (S (NP-SBJ Healthcare) (VP operates (NP (NP many) (PP of (NP (NP the health-care properties) (SBAR (WHNP-1 that) (S (NP-SBJ HealthVest) (VP owns (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP EMPIRE PENCIL) , (VP (ADVP-TMP later) called (S (NP-SBJ *) (NP-PRD Empire-Berol))) ,) (VP developed (NP the plastic pencil) (PP-TMP in (NP 1973))) .)) (TOP (S (NP-SBJ (NP Yesterday 's) Centennial Journal) (VP misstated (NP (NP the company 's) name)) .)) (TOP (S (NP-SBJ Storage Technology Corp.) (VP had (NP (NP (NP net income) (PP of (NP (NP (QP $ 8.3 million) *U*) , or (NP (NP 32 cents) (NP-ADV a share)) ,))) (NP *ICH*-2)) (PP for (NP (NP its fiscal-third quarter) (VP ended (NP-TMP Sept. 29)))) , (NP-2 (NP (NP (QP almost 15 times) the $ 557,000 *U*) , or (NP (NP two cents) (NP-ADV a share)) ,) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP posted (NP *T*-1) (PP for (NP the year-ago period))))))) .)) (TOP (S (NP-SBJ (NP Storage) , (NP-LOC (NP Louisville) , (NP Colo.) ,) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP (NP data-storage devices) (PP for (NP mainframe computers)))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the huge increase) (PP-LOC in (NP net))) (VP reflects (NP `` (NP strong sales) '' (PP of (NP (NP its tape products) , (ADVP particularly) (NP (NP the 4400 Automated Cartridge System) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP holds (NP (NP a library) (PP of (NP tape cartridges)))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP-TMP recently) (VP sold (NP (NP its 750th cartridge system) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP cost (NP (NP (QP $ 400,000 to $ 500,000) *U*) (ADVP each)))))))))) .)) (TOP (S (NP-SBJ Quarter revenue) (VP was (NP-PRD (QP $ 232.6 million) *U*) , (ADVP up (NP 12 %) (PP from (NP (QP $ 206 million) *U*) (NP-TMP last year)))) .)) (TOP (S (NP-SBJ The stock market) (VP reacted (ADVP-MNR strongly) (PP-CLR to (NP the news))) .)) (TOP (S (NP-SBJ-1 Storage) (VP rose (NP-EXT (NP $ 1.125 *U*) (NP-ADV a share)) , (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 14 *U*))))) , (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ Storage) (VP had (NP (NP net) (PP of (NP (NP (QP $ 25.5 million) *U*) , or (NP (NP 98 cents) (NP-ADV a share)) ,))) (PP including (NP (NP an (ADJP (QP $ 11.3 million) *U*) extraordinary gain) (PP for (NP (NP the anticipated proceeds) (PP from (S-NOM (NP-SBJ *) (VP liquidating (NP an Irish unit))))))))) .)) (TOP (S (NP-SBJ Net) (VP was (ADVP-PRD up (NP 69 %) (PP from (NP (NP (QP $ 15.1 million) *U*) , or (NP (NP 57 cents) (NP-ADV a share)) ,) (NP-TMP last year)))) .)) (TOP (S (NP-SBJ (NP Revenue) (PP for (NP the latest period))) (VP was (ADVP-PRD up (NP 11 %) (PP-DIR to (NP (QP $ 682.7 million) *U*)) , (PP-DIR from (NP (QP $ 614.6 million) *U*)))) .)) (TOP (S (NP-SBJ A Canadian government agency) (VP (ADVP-MNR conditionally) approved (NP (NP proposed exports) (PP to (NP the U.S.)) (PP of (NP natural gas)) (PP from (NP (NP big , untapped fields) (PP-LOC in (NP (NP the Mackenzie River delta area) (PP of (NP the western Canadian Arctic)))))))) .)) (TOP (S (NP-SBJ-1 (NP Three companies) , (NP (NP Esso Resources Canada Ltd.) , (NP Shell Canada Ltd.) and (NP Gulf Canada Resources Ltd.)) ,) (VP applied (PP-CLR to (NP the Canadian National Energy Board)) (S-PRP (NP-SBJ-2 *-1) (VP to (VP export (NP (NP (QP 9.2 trillion) cubic feet) (PP of (NP Mackenzie delta natural gas))) (PP-TMP over (NP 20 years)) (S-ADV (NP-SBJ *-2) (VP starting (PP-TMP in (NP 1996)))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP be (ADJP-PRD economically feasible)))) , (NP-SBJ-1 the (ADJP (ADJP (QP 11 billion) Canadian dollar) (PRN -LRB- (ADJP (QP US$ 9.37 billion) *U*) -RRB-)) project) (VP requires (NP (NP almost a doubling) (PP of (NP natural gas export prices)))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP faces (NP (NP numerous other hurdles) (PP including (NP (NP an agreement) (PP on (NP (NP a pipeline route) (PP for (NP the gas)))))))) .)) (TOP (S (NP-SBJ The board) (VP said (SBAR 0 (S (NP-SBJ-1 the export licenses) (VP would (VP be (VP issued (NP *-1) (PP on (NP the condition (SBAR that (S (NP-SBJ-2 Canadian interests) (VP would (ADVP also) (VP be (VP allowed (S (NP-SBJ *-2) (VP to (VP bid (PP-CLR for (NP the Mackenzie delta gas)) (PP on (NP (NP terms) (ADJP similar (PP to (NP (NP those) (VP offered (NP *) (PP-CLR to (NP U.S. customers)))))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 U.S. buyers) (VP have (ADVP-TMP already) (VP been (VP lined (NP *-1) (PRT up)))) .)) (TOP (S (NP-SBJ They) (VP include (NP (NP Enron Corp.) , (NP Texas Eastern Corp.) , (NP Pacific Interstate Transmission Co.) and (NP Tennessee Gas Pipeline Co))) .)) (TOP (S (NP-SBJ The project) (VP could (VP result (PP-CLR in (S-NOM (NP-SBJ the U.S.) (VP taking (NP (NP (QP more than 10) %) (PP of (NP its natural gas supplies)) (ADVP *ICH*-1)) (PP-CLR from (NP Canada)) , (ADVP-1 up (PP from (NP (QP about 5) %) (ADVP-TMP currently)))))))) .)) (TOP (S (NP-SBJ It) (VP would (VP bring (NP 13 gas fields) (PP-CLR into (NP production)) (PP at (NP (NP a combined rate) (PP of (NP (NP (QP about 1.2 billion) cubic feet) (NP-ADV a day))))))) .)) (TOP (S (NP-SBJ The board) (VP estimated (SBAR that (S (NP-SBJ (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP building (NP (NP a pipeline) (PP from (NP the Mackenzie delta)) (PP to (NP Alberta))))))) (VP would (VP be (NP-PRD (QP about C$ 5.9 million) *U*)))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ (NP (NP projections) (PP of (NP (NP surging U.S. demand) (PP for (NP natural gas))))) and (NP (NP price forecasts) (PP of (NP (NP C$ 5.25 *U*) (PP per (NP thousand cubic feet)) (PP-TMP by (NP 2005)))))) (VP would (VP make (S (NP-SBJ the project) (ADJP-PRD economically viable))))))) .)) (TOP (S (NP-SBJ-2 (NP Esso) , (NP (NP a unit) (PP of (NP (NP Imperial Oil Ltd.) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD 71%-owned (PP by (NP Exxon Corp.))))))))) ,) (VP will (VP be (VP allowed (S (NP-SBJ *-2) (VP to (VP export (NP (QP 5.1 trillion) cubic feet) (PP-DIR to (NP the U.S.)) (PP-TMP in (NP the 20-year period)))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Shell) , (NP (NP a subsidiary) (PP of (NP Royal Dutch/Shell Group))) ,) (VP will (VP be (VP allowed (S (NP-SBJ *-1) (VP to (VP export (NP (QP 0.9 trillion) cubic feet)))))))) , and (S (NP-SBJ-2 (NP Gulf) , (NP (NP a unit) (PP of (NP Olympia & York Developments Ltd.)))) (VP will (VP be (VP allowed (S (NP-SBJ *-2) (VP to (VP export (NP (QP 3.2 trillion) cubic feet)))))))) .)) (TOP (S (NP-SBJ (NP Combustion Engineering Inc.) , (NP-LOC (NP Stamford) , (NP Conn.)) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP (VP sold (NP *RNR*-2) (PP-CLR *RNR*-5)) and (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP *RNR*-2) (PP-CLR *RNR*-5))))) (NP-2 several (NX (NX investments) and (NX nonstrategic businesses))) (PP-CLR-5 for (NP (NP (QP about $ 100 million) *U*) , (SBAR (WHNP-4 which) (S (NP-SBJ-3 *T*-4) (VP will (VP be (VP used (NP *-3) (PP-CLR for (NP (S-NOM (NP-SBJ *) (VP reducing (NP debt))) and (NP general purposes)))))))))))))) .)) (TOP (S (NP-SBJ The transactions) (VP are (ADJP-PRD unrelated)) .)) (TOP (S (NP-SBJ-1 The company) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP (NP its minority investments) (PP in (NP (NP (NP makers) (PP of (NP (ADJP steam-generating and related) equipment))) , (NP (NP Stein Industrie) and (NP Energie & Verfahrenstechnik)) ,))) (PP-DTV to (NP (NP (NP the major shareholder) (PP-LOC in (NP the companies))) , (NP Dutch-based GEC Alsthom N.V))))))) .)) (TOP (S (NP-SBJ (NP Combustion Engineering) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP provides (NP (NP (NP engineered products) , (NP systems) and (NP services)) (PP for (NP power generation)))))) ,) (ADVP also) (VP sold (NP (NP Illinois Minerals Co.) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Cairo) , (NP Ill)))))) .)) (TOP (S (NP-SBJ-1 (NP That unit) (PP of (NP its Georgia Kaolin Co. subsidiary))) (VP was (VP sold (NP *-1) (PP-CLR to (NP (NP a unit) (PP of (NP Unimin Corp)))))) .)) (TOP (S (S (NP-SBJ-1 (NP Assets) (PP of (NP (NP Construction Equipment International) , (NP-LOC Houston) ,))) (VP were (VP sold (NP *-1) (PP-CLR to (NP Essex Crane Inc.))))) , and (S (NP-SBJ-2 (NP the assets) (PP of (NP (NP Elgin Electronics) , (NP-LOC (NP Erie) , (NP Pa.)) ,))) (VP were (VP sold (NP *-2) (PP-CLR to (NP (ADJP closely held) Charter Technologies Inc))))) .)) (TOP (SBARQ (WHADVP-1 Where) (SQ do (NP-SBJ Americans) (VP put (NP their money) (ADVP-PUT *T*-1))) ?)) (TOP (S (NP-SBJ It) (VP depends (PP-CLR on (SBAR-NOM (WHADVP-1 when) (S (NP-SBJ you) (VP look (ADVP-TMP *T*-1)))))) .)) (TOP (S (PP-TMP In (NP 1900)) , (PP for (NP instance)) , (NP-SBJ (NP (QP less than 8) %) (PP of (NP assets))) (VP went (PP-DIR into (NP bank deposits))) .)) (TOP (S (NP-SBJ That) (VP (VP rose (PP-DIR to (NP (QP nearly 18) %)) (PP-TMP during (NP the Depression))) , and (VP has n't (VP changed (ADVP-CLR much) (ADVP-TMP since)))) .)) (TOP (S (NP-SBJ Pension reserves) , (PP on (NP the other hand)) , (VP made (PRT up) (NP (NP a (ADJP relatively small) part) (PP of (NP household assets))) (PP-TMP until (NP (NP the last decade) , (SBAR (WHADVP-1 when) (S (NP-SBJ they) (VP skyrocketed (ADVP-TMP *T*-1))))))) .)) (TOP (S And (NP-SBJ there) (VP (VP has (VP been (NP-PRD (NP a drastic decline) (PP-LOC in (NP (NP the importance) (PP of (NP unincorporated business assets))))))) -- (NP-ADV (NP thanks) (PP to (NP (NP industry consolidation) and (NP (NP a decline) (PP-LOC in (NP family farms))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP some) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP emerges (PP-DIR from (NP (NP the following charts) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP show (SBAR-NOM (WHADVP-3 how) (S (NP-SBJ Americans) (VP have (VP changed (NP their investment patterns) (PP-TMP over (NP the past 90 years)) (ADVP-MNR *T*-3)))))))))))))))) .)) (TOP (S (NP-SBJ Some results) (VP are (ADJP-PRD self-explanatory)) .)) (TOP (S But (NP-SBJ other figures) (VP are (ADJP-PRD surprising)) .)) (TOP (S (NP-SBJ Housing) , (PP for (NP instance)) , (VP has (VP remained (NP-PRD (NP a (ADJP fairly steady) component) (PP of (NP household assets))) (PP-TMP over (NP the past decade)) -- (SBAR-ADV although (S (NP-SBJ common wisdom) (VP would (VP have (VP expected (NP an increase)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP is (NP-PRD (NP a lot) (PP of (NP attention)) (VP paid (NP *) (PP-CLR to (NP (NP housing) (PP as (NP (NP a form) (PP of (NP household wealth)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Edward N. Wolff) , (NP (NP professor) (PP of (NP economics)) (PP-LOC at (NP New York University)))) .)) (TOP (S `` But (NP-SBJ it) (VP has n't (VP increased (ADVP much) (ADVP relative (PP to (NP other assets))))) .)) (TOP (S (NP-SBJ It) (VP suggests (SBAR that (S (NP-SBJ households) (VP accumulate (NP wealth) (PP across (NP (NP a broad spectrum) (PP of (NP assets)))))))) .)) (TOP (S And (NP-SBJ housing) (SBAR-ADV though (S (NP-SBJ-1 it) (VP appears (PP-LOC in (NP the popular mind)) (PP-CLR as (S-NOM (NP-SBJ *-1) (VP being (NP-PRD the major (PRN -LCB- growing -RCB-) household asset))))))) , (VP is n't (NP-PRD *?*)) . '')) (TOP (S (S (PP In (NP addition)) , (NP-SBJ-1 (NP investors ') desire (S (NP-SBJ *) (VP to (VP hold (NP stocks) (PRN -- (UCP (ADVP-MNR directly) and (PP through (NP mutual funds))) --))))) (VP has (VP held (S-CLR (NP-SBJ *-1) (ADJP-PRD surprisingly steady))))) ; (S (NP-SBJ (NP (NP stocks ') importance) (PP-LOC among (NP assets))) (VP (ADVP largely) reflects (NP (NP (NP the ups and downs) (PP of (NP the stock market))) , and not (NP (NP a shift) (PP-LOC in (NP stock-holding preferences)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Stocks) (VP have not (VP spread (PP-DIR to (NP the general public)) , (PP despite (NP the fact (SBAR that (S (NP-SBJ the environment) (VP is (ADJP-PRD much different))))))))) , '' (VP concludes (S *T*-1)) (NP-SBJ (NP Robert Avery) , (NP (NP an economist) (PP-LOC at (NP Cornell University)))) .)) (TOP (S `` (PP-TPC-1 To (NP me)) (NP-SBJ it) (VP says (PP *T*-1) (SBAR that (S (PP despite (NP all the views (SBAR that (S (NP-SBJ we) (VP spend (NP (NP too much) (PP of (NP our wealth))) (PP-CLR on (NP paper assets))))))) , (NP-SBJ we) (VP have (NP (NP ways) (PP of (S-NOM (NP-SBJ *) (VP holding (NP wealth)))) (ADJP similar (PP to (ADVP-TMP (NP 100 years) ago)))))))) . '')) (TOP (S -- (NP-SBJ The charts) (VP show (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ-1 househld assets) (VP have (VP been (VP distributed (NP *-1) (ADVP-MNR *T*-2) (PP-TMP over (NP time)))))))) .)) (TOP (NP (NP (NP The main components) (PP of (NP the various asseet categories))) : (NP (NP Housing) : (NP (NP Primary home) , but not (NP (NP the land) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP 's (PP-LOC-PRD on (NP *T*-1)))))))) .)) (TOP (NP (NP (NP Land) and (NP Other Real Estate)) : (NP (NP (NP Land) (SBAR (WHPP-2 on (WHNP which)) (S (NP-SBJ-1 primary home) (VP is (VP built (NP *-1) (PP-LOC *T*-2)))))) , (NP investment property)) .)) (TOP (NP (NP Consumer Durables) : (NP Automobiles , appliances , furniture) .)) (TOP (NP (NP Bank Deposits) : (NP (NP Currency) , (NP checking-account deposits) , (NP small savings and time deposits) , (NP (NP certificates) (PP of (NP deposits))) , (NP money-market fund shares)) .)) (TOP (NP (NP Bonds) : (S (NP-SBJ *) (VP Excludes (NP bond funds))) .)) (TOP (NP (NP Stocks/Mutual Funds) : (NP (NP Stocks) and (NP (NP mutual funds) (ADJP other (PP than (NP money-market funds))))) .)) (TOP (NP (NP Unincorporated Business) : (NP (NP (NP Partnerships) and (NP sole proprietorships)) , (NP professional corporations)) .)) (TOP (NP (NP Pension Reserves) : (NP (NP Holdings) (PP by (NP pension funds))) .)) (TOP (S (NP-SBJ McCaw Cellular Communications Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP sent (NP (NP a letter) (VP *ICH*-1)) (PP-DTV to (NP LIN Broadcasting Corp.)) (VP-1 (VP clarifying (NP (NP its revised tender offer) (PP for (NP LIN)))) and (VP asking (S (NP-SBJ LIN) (VP to (VP conduct `` (NP a fair auction)))))))))) . '')) (TOP (S (NP-SBJ The letter) (ADVP apparently) (VP came (PP in (NP (NP response) (PP to (NP (NP a request) (PP for (NP clarification)) (PP by (NP LIN)) (NP-TMP earlier this week)))))) .)) (TOP (S (NP-SBJ (NP LIN) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP has (VP agreed (PP with (NP BellSouth Corp.)) (S (NP-SBJ *-2) (VP to (VP merge (NP their cellular-telephone businesses)))))))) ,) (VP said (ADVP-TMP then) (SBAR that (S (NP-SBJ it) (VP would n't (VP take (NP (NP a position) (PP on (NP (NP McCaw 's) revised tender offer)))))))) .)) (TOP (S (NP-TMP Earlier this month) , (NP-SBJ McCaw) (VP revised (NP its offer) (PP-CLR to (NP (NP (NP $ 125 *U*) (NP-ADV a share)) (PP for (NP (QP 22 million) LIN shares))))) .)) (TOP (S (S (NP-SBJ McCaw) (VP is (VP seeking (NP (NP 50.3 %) (PP of (NP the (UCP cellular and broadcasting) concern)))))) ; (S (NP-SBJ the revised offer) (VP includes (NP (NP a feature) (VP requiring (S (NP-SBJ McCaw) (VP to (VP begin (NP (NP an auction process) (SBAR *ICH*-2)) (PP-TMP in (NP July 1994)) (SBAR-2 (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP buy (PRT out) (NP remaining holders) (PP at (NP (NP a per-share price) (ADJP roughly equivalent (PP to (SBAR-NOM (WHNP-3 what) (S (NP-SBJ-4 a third party) (VP might (ADVP-TMP then) (VP have (S (NP-SBJ *-4) (VP to (VP pay (NP *T*-3) (PP-CLR for (NP (NP all) (PP of (NP LIN)))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ The letter) (VP outlines (NP (NP broad powers) (PP for (NP (NP an independent group) (PP of (NP directors)))) (VP provided (NP *) (PRT for) (PP-LOC in (NP the revised offer))))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ (NP Craig O. McCaw) , (NP (NP (NP chairman) and (NP chief executive officer)) (PP of (NP McCaw))) ,) (VP said : `` (S (NP-SBJ We) (VP trust (SBAR 0 (S (NP-SBJ LIN) (VP will (VP take (NP (NP no further actions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP favor (NP BellSouth)))))))))))) . '')) (TOP (S (NP-SBJ McCaw) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the three independent directors) (VP provided (NP *) (PRT for) (PP-LOC in (NP the offer)))) (VP would (VP be (VP designated (NP *-1) (PP by (NP-LGS the current board)))))))) .)) (TOP (S (NP-SBJ-1 The successors) (VP would (VP be (VP nominated (NP *-1) (PP by (NP-LGS the independent directors))))) .)) (TOP (S (NP-SBJ LIN) (VP would (VP have (NP a priority right (S (NP-SBJ *) (VP to (VP pursue (NP (NP all opportunities (S (NP-SBJ *) (VP to (VP acquire (NP U.S. cellular interests))))) (PP-LOC in (NP (NP markets) (ADJP other (PP than (NP (NP those) (SBAR (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ McCaw) (VP holds (NP (NP an interest) (PP *T*-2))))) , or (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD contiguous (PP to (NP those markets))))))))))))))))) , (SBAR-ADV unless (S (NP-SBJ LIN) (VP has (NP (NP an interest) (UCP (ADVP-LOC there) or (ADJP contiguous (PP to (NP it)))))))))) .)) (TOP (S (NP-SBJ Independent directors) (VP would (VP have (NP (NP veto rights) (PP to (NP any acquisition))) (SBAR-ADV if (S (NP-SBJ they) (VP (ADVP-MNR unanimously) decide (SBAR 0 (S (NP-SBJ it) (VP is n't (PP-PRD in (NP (NP LIN 's) best interest)))))))))) .)) (TOP (S (NP-SBJ-4 Independent directors) (VP would (VP be (ADJP-PRD able (S (NP-SBJ *-4) (VP to (VP block (NP (NP transactions) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP (ADVP-MNR unanimously) deem (SBAR 0 (S (NP-SBJ-5 *T*-2) (VP would (VP be (ADJP-PRD likely (S (NP-SBJ *-5) (VP to (VP depress (NP (NP the private market value) (PP of (NP LIN))) (PP-TMP at (NP (NP the time) (SBAR (WHADVP-3 0) (S (NP-SBJ-6 it) (VP is (S-PRD (NP-SBJ-1 *-6) (VP to (VP be (VP sold (NP *-1))))) (ADVP-TMP *T*-3)))))) (PP-TMP in (NP five years)))))))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 LIN) (VP is (VP (VP put (NP *-1) (PRT up) (PP-CLR for (NP sale))) (CONJP rather than) (VP purchased (NP *-1) (PP by (NP-LGS McCaw))) (PP-TMP in (NP five years)))))) , (S (NP-SBJ McCaw) (VP wo n't (VP submit (NP a bid) (SBAR-ADV unless (S (NP-SBJ the independent directors) (VP request (NP it))))))) , and (S (NP-SBJ the independent directors) (VP will (VP run (NP the bidding)))) .)) (TOP (S (NP-SBJ-1 The directors) (VP would (VP be (ADJP-PRD able (S (NP-SBJ-2 *-1) (VP to (VP sell (NP particular assets) (S-PRP (NP-SBJ *-2) (VP to (VP enable (S (NP-SBJ (NP such buyers) (PP as (NP the regional Bell operating companies))) (VP to (VP purchase (NP (NP the company 's) interests))))))))))))) .)) (TOP (S (NP-SBJ MCA Inc.) (VP said (SBAR 0 (S (NP-SBJ third-quarter net) (VP fell (NP-EXT 6.3 %) (PP-DIR to (NP (NP (QP $ 50.8 million) *U*) , or (NP (NP 69 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 54.3 million) *U*) , or (NP (NP 74 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ MCA) (VP said (SBAR 0 (S (NP-SBJ revenue) (VP rose (NP-EXT 14 %) (PP-DIR to (NP (QP $ 918.4 million) *U*)) (PP-DIR from (NP (QP $ 806.7 million) *U*)))))) .)) (TOP (S (NP-SBJ The entertainment concern) (VP said (SBAR 0 (S (NP-SBJ (NP the success) (PP of (NP (NP several movies) (VP released (NP *) (PP-TMP during (NP the quarter))) , (PP including (NP `` (NP-TTL Parenthood) '' and `` (NP-TTL Uncle Buck))) , ''))) (VP contributed (PP-CLR to (NP (NP record revenue) (PP for (NP its film unit)))))))) .)) (TOP (S (NP-SBJ Both (NP MCA 's) music-entertainment and book-publishing units) (ADVP also) (VP posted (NP record (NX (NX revenue) and) (NX operating profit))) .)) (TOP (S (NP-SBJ (NP The parent company 's) net) (VP included (NP (NP a loss) (PRN -- (SBAR (WHNP-3 which) (S (NP-SBJ it) (VP did n't (VP specify (NP *T*-3))))) --) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP was (ADJP-PRD related (PP to (NP (NP (NP the company 's) (ADJP 50 %) stake) (PP-LOC in (NP Cineplex Odeon Corp)))))))))) .)) (TOP (S (NP-SBJ (NP Cineplex) , (NP a Toronto theater chain) ,) (VP had (NP (NP a second-quarter net loss) (PP of (NP (QP $ 38.7 million) *U*)))) .)) (TOP (S (NP-SBJ MCA) (VP said (SBAR 0 (S (NP-SBJ net) (ADVP also) (VP included (NP (NP certain reserves) (ADJP related (PP to (NP (NP the restructuring) (PP of (NP (NP its LJN Toys ') international operations)))))))))) .)) (TOP (S-2 (NP-SBJ-1 These items) (VP were (VP (ADVP partly) offset (NP *-1) (PRN , (S (NP-SBJ MCA) (VP said (SBAR 0 (S *T*-2)))) ,) (PP by (NP-LGS (NP an unspecified gain) (PP on (NP (NP the sale) (PP of (NP (NP its Miller International unit) , (NP (NP a maker and distributor) (PP of (NP budget-priced audio cassettes))))))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ MCA) (VP rose (NP-EXT $ 1.50 *U*) (PP-DIR to (NP $ 64 *U*))) .)) (TOP (S (PP-TMP In (NP the nine months)) , (NP-SBJ net) (VP rose (NP-EXT 35 %) (PP-DIR to (NP (NP (QP $ 120.1 million) *U*) , or (NP (NP $ 1.64 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 89.2 million) *U*) , or (NP (NP $ 1.22 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Revenue) (VP increased (NP-EXT 22 %) (PP-DIR to (NP (QP $ 2.5 billion) *U*)) (PP-DIR from (NP (QP $ 2.1 billion) *U*))) .)) (TOP (NP-TTL Past Due Impasse)) (TOP (S (S (NP-SBJ I) (ADVP-TMP never) (VP pay (NP my bills) (PP-TMP Till (NP the (ADJP very last) day)))) ; (S (NP-SBJ-1 I) (VP lose (NP (ADJP far less) interest) (PP-MNR By (S-NOM (NP-SBJ *-1) (VP proceeding (NP-MNR that way)))))) .)) (TOP (S (S But (NP-SBJ (NP it) (NP all)) (VP evens (PRT out))) (PRN , (S (NP-SBJ It) (VP 's (ADJP-PRD so easy (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP see (NP *T*-2))))))))) : (SINV (PP-TMP Not till (NP the last moment)) Am (NP-SBJ-3 I) (VP paid (NP *-3) (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD due (NP me))))))) .)) (TOP (NP -- Arnold J. Zarett .)) (TOP (NP-TTL Rex Tremendae)) (TOP (S (S (NP-SBJ The effete Tyrannosaurus Rex) (VP Had (NP (NP strict Cretaceous views) (PP on (NP sex))))) , And (S (NP-SBJ that) (VP is (SBAR-PRD (WHADVP-1 why) (S (NP-SBJ you) (ADVP only) (VP see (S (NP-SBJ-2 him) (VP Reproduced (NP *-2) (PP-LOC in (NP the museum)) (ADVP-PRP *T*-1)))))))) .)) (TOP (NP -- Laurence W. Thomas .)) (TOP (S (NP-SBJ-1 Helmsley Enterprises Inc.) (VP (VP plans (S (NP-SBJ *-1) (VP to (VP close (NP its company-owned insurance business))))) and (VP is (VP seeking (NP (NP other brokers) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP take (PRT over) (NP its policies)))))))) , (PP according (PP to (NP (NP individuals) (ADJP familiar (PP with (NP the New York firm))))))) .)) (TOP (S (NP-SBJ Helmsley Enterprises) (VP is (NP-PRD (NP the umbrella organization) (PP for (NP (NP companies) (VP controlled (NP *) (PP by (NP-LGS Harry B. Helmsley))))))) .)) (TOP (S (NP-SBJ These) (VP include (NP (NP (NP (UCP office and residential) real estate giant) , (NP HelmsleySpear Inc.) ,) and (NP Helmsley Hotels))) .)) (TOP (S (NP-SBJ (NP The insurance brokerage agency) , (NP (NP just a fragment) (PP of (NP (NP Helmsley 's) vast empire))) ,) (VP would (VP be (NP-PRD (NP-PRD the first piece) (PP of (NP the company)) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP stripped (NP *-1) (ADVP-CLR away)))))) (PP-TMP since (NP (NP last summer) (SBAR (WHADVP-4 when) (S (NP-SBJ-2 (NP (NP Mr. Helmsley 's) wife) , (NP Leona Helmsley) ,) (VP was (VP found (S (NP-SBJ *-2) (ADJP-PRD guilty (PP of (NP tax evasion)))) (ADVP-TMP *T*-4)))))))))) .)) (TOP (S (NP-SBJ Industry sources) (VP estimate (SBAR 0 (S (NP-SBJ the agency) (VP (VP brokers (NP (NP property and casualty premiums) (ADJP worth (NP (QP about $ 25 million) *U*))) (ADVP-TMP annually)) , and (VP has (NP (NP revenue) , (PP based (PP on (NP a standard (ADJP 10 %) commission rate))) , (PP of (NP (QP about $ 2.5 million) *U*)))))))) .)) (TOP (S (NP-SBJ The insurance firm) (VP acts (PP-CLR as (NP (NP a broker) (PP on (NP (NP policies) (VP covering (NP (NP buildings) (VP managed (NP *) (PP by (NP-LGS HelmsleySpear and others)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Many) (PP of (NP the properties))) (VP are (VP owned (NP *-1) (PP through (NP (NP limited partnerships) (VP controlled (NP *) (PP by (NP-LGS Mr. Helmsley))))))) .)) (TOP (S (NP-SBJ New York State law) (VP prohibits (NP-1 insurance brokerages) (PP-CLR from (S-NOM (NP-SBJ-2 *-1) (VP deriving (NP (NP (QP more than 10) %) (PP of (NP revenue))) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP insuring (NP affiliated companies)))))))) .)) (TOP (S-3 (S (NP-SBJ (NP Helmsley 's) insurance division) (VP had (ADVP slightly) (VP exceeded (NP that percentage)))) (PRN , (S (NP-SBJ sources) (VP say (SBAR 0 (S *T*-3)))) ,) but (S (NP-SBJ-2 the division) (VP was n't (VP considered (S (NP-SBJ *-2) (ADJP-PRD significant enough (PP to (NP the company)) (S (NP-SBJ-1 *) (VP to (VP be (VP restructured (NP *-1))))))) , (PP-TMP particularly at (NP (NP a difficult time) (PP for (NP the firm))))))) .)) (TOP (S (NP-SBJ (NP (NP Adverse publicity) (PP from (NP (NP the scandal) (VP surrounding (NP (NP its founder 's) wife))))) and (NP related management strife)) (VP have (VP put (NP pressure) (PP-PUT on (NP the entire Helmsley organization)))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP individuals) (ADJP close (PP to (NP the company)))) (VP insist (SBAR 0 (S (S-NOM-SBJ (NP-SBJ *) (VP shuttering (NP (NP the insurance division) , (NP (NP a sideline) (PP from (NP (NP the company 's) core property management business))) ,))) (VP is n't (NP-PRD (NP the beginning) (PP of (NP (NP a sale) (PP of (NP assets))))))))) .)) (TOP (S (NP-SBJ-2 (NP Helmsley 's) insurance premiums) (VP are (VP expected (S (NP-SBJ-1 *-2) (VP to (VP be (VP transferred (NP *-1) (PP-DIR to (NP several different insurance brokerage companies)))))))) .)) (TOP (S (NP-SBJ (NP Frank B. Hall Inc.) (PP of (NP (NP Briarcliff Manor) , (NP N.Y.)))) (VP is (ADVP reportedly) (VP working (PRT out) (NP (NP an agreement) (PP with (NP Helmsley))))) .)) (TOP (S (NP-SBJ-1 (NP Officials) (ADVP-LOC there)) (VP declined (S (NP-SBJ *-1) (VP to (VP comment))) , (SBAR-ADV as (SINV did (NP-SBJ Helmsley management) (VP *?*)))) .)) (TOP (S (PP-LOC Outside (NP (NP the white-walled headquarters) (PP of (NP (NP the socalled Society) (PP of (NP Orange Workers)))))) , (NP-SBJ all) (VP seems (ADJP-PRD normal) (PP-LOC in (NP (NP South Africa 's) abnormal society))) .)) (TOP (S (NP-SBJ (NP A pickup truck) (VP driven (NP *) (PP by (NP-LGS a white farmer)))) (VP rumbles (ADVP-DIR past) (PP with (NP (NP a load) (PP of (NP black workers)) (VP bouncing (PP-LOC in (NP the back)))))) .)) (TOP (S (PP-LOC Over (PP at (NP (NP Conradies) , (NP the general store) ,))) (NP-SBJ-1 a black stock boy) (VP scurries (S (NP-SBJ *-1) (VP to (VP help (NP an elderly white woman) (PP with (NP her packages)))))) .)) (TOP (S (PP-LOC Down (NP the street)) , (NP-SBJ-1 a car) (VP (VP pulls (PP-DIR into (NP the Shell station))) and (VP is (VP surrounded (NP *-1) (PP by (NP-LGS black attendants))))) .)) (TOP (S But (PP-LOC inside (NP (NP the white walls) (PP of (NP (NP (NP the Orange Workers ') office) (PRN -- (NP (NP just about the largest building) (PP-LOC in (NP town)) , (PP save (PP for (NP (NP the Dutch Reformed Church) and (NP the school))))) --))))) (NP-SBJ (NP South Africa 's) neat racial order) (VP is (ADJP-PRD awry)) .)) (TOP (S (NP-SBJ A dozen white office workers) (VP (VP fold (NP newsletters)) and (VP stuff (NP them) (PP-CLR into (NP envelopes)))) .)) (TOP (S (NP-SBJ White women) (VP (VP serve (NP tea and coffee)) , and then (VP wash (NP the cups and saucers) (ADVP-TMP afterwards))) .)) (TOP (S (NP-SBJ White children) (VP (VP empty (NP the wastepaper baskets)) and (VP squeegee (NP the windows))) .)) (TOP (S (NP-SBJ There) (VP is n't (NP-PRD a black worker) (PP in (NP sight))) .)) (TOP (FRAG Not (PP-LOC in (NP (NP the kitchen) , or (NP the storeroom) or (NP the book shop))) .)) (TOP (SINV `` (S-TPC-3 (SBAR-ADV If (S (NP-SBJ-1 we) (VP want (S (NP-SBJ *-1) (VP to (VP have (NP our own nation)))))) ,) (ADVP-TMP then) (NP-SBJ-2 we) (VP must (VP be (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP do (NP all the work) (NP-ADV ourselves)))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Hendrik Verwoerd Jr.) , (NP (NP (NP son) (PP of (NP the former prime minister))) and (NP (NP the leader) (PP of (NP (NP the Orange Workers) , (VP founded (NP *) (PP-TMP in (NP 1980)))))))) .)) (TOP (S (NP-SBJ They) (VP do (ADVP indeed) (VP want (NP their own nation))) .)) (TOP (S (NP-SBJ (NP The pillars) (PP of (NP apartheid))) (VP may (VP be (VP trembling (PP-LOC in (NP (NP the rest) (PP of (NP South Africa)))) , (PP with (S-NOM (S (NP-SBJ Johannesburg) (VP opening (NP its public facilities) (PP-CLR to (NP all races)))) , (S (NP-SBJ blacks) (VP storming (NP (NP the all-white beaches) (PP of (NP the Cape))))) and (S (NP-SBJ the government) (VP releasing (NP (NP seven leaders) (PP of (NP the banned African National Congress)))))))))) .)) (TOP (S But (ADVP-LOC here) (PP-LOC in (NP (NP Morgenzon) , (NP (NP a sleepy town) (PP-LOC amid (NP (NP the corn fields) (PP of (NP the eastern Transvaal))))) ,)) (NP-SBJ the Orange Workers) (VP are (VP holding (S (NP-SBJ the pillars) (ADJP-PRD steady)))) .)) (TOP (S (NP-SBJ (NP The Orange Workers) (PRN -- (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP take (NP their name) (PP-CLR from (NP (NP (NP William) (PP of (NP Orange)) (PP of (NP the Netherlands))) , (NP (NP a hero) (PP of (NP the Dutch-descended Afrikaners)))))))) --)) (VP believe (SBAR that (S (S (NP-SBJ (NP the solution) (PP to (NP (NP South Africa 's) racial problems))) (VP is n't (NP-PRD (NP the abolition) (PP of (NP apartheid))))) , (S (NP-SBJ it) (VP 's (NP-PRD (NP the perfection) (PP of (NP (NP apartheid) -- (NP (NP (ADJP complete and total) separation) (PP of (NP the races))))))))))) .)) (TOP (S (ADVP-LOC-PRD-TPC-3 Here) , (ADVP then) , (VP is (ADVP-LOC-PRD *T*-3)) (SBAR-NOM-SBJ (WHADVP-1 where) (S (NP-SBJ-2 the Orange Workers) (VP have (VP come (ADVP-LOC-CLR *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP make (NP (NP apartheid 's) last stand)))))))) .)) (TOP (S (NP-SBJ Their idea) (VP is (S-PRD (NP-SBJ *) (VP to (VP (VP create (NP-1 a city) , (ADVP first)) , and then (VP (NP=1 an entire nation)) -- (PP without (NP blacks)))))) .)) (TOP (S (NP-SBJ-1 This) (VP may (VP seem (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a (ADJP preposterous and utterly) futile effort) (PP-LOC in (NP Africa))))))) .)) (TOP (S And (NP-SBJ the fact (SBAR that (S (NP-SBJ there) (VP are (NP-PRD (QP only 3,000) card-carrying Orange Workers))))) (VP may (VP put (NP them) (PP-PUT on (NP the loony fringe)))) .)) (TOP (S But (NP-SBJ (NP their ideal) (PP of (NP (NP an Afrikaner homeland) , (NP (NP an all-white reserve) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP carved (NP *-1) (ADVP-CLR out (PP of (NP present-day South Africa))))))))) ,))) (VP is (NP-PRD (NP a mainstream desire) (PP of (NP (NP the right-wing) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP embraces (NP (NP about one-third) (PP of (NP (NP the country 's) (QP five million) whites)))))))))) .)) (TOP (S (NP-SBJ Afrikaner philosophers and theologians) (VP have (ADVP-TMP long) (VP ruminated (PP-CLR on (NP (NP the need) (PP for (NP a white homeland)))))) .)) (TOP (S (NP-SBJ The Orange Workers) (VP are (ADVP just) (VP putting (NP this preaching) (PP-CLR into (NP practice)))) .)) (TOP (S (ADVP Thus) , (NP-SBJ-2 farmer Johan Fischer) , (S-ADV (NP-SBJ-1 his T-shirt and jeans) (VP covered (NP *-1) (PP-CLR in (NP grease)))) , (VP crawls (ADVP-CLR around) (PP-LOC under (NP his planter)) , (S-ADV (NP-SBJ *-2) (VP (VP tightening (NP bolts)) and (VP fixing (NP dents))))) .)) (TOP (S (PP-LOC On (NP (NP (ADVP almost every) other farm) (PP-LOC in (NP South Africa)))) , (NP-SBJ black workers) (VP do (NP the repairs)) .)) (TOP (FRAG But not (ADVP-LOC here) .)) (TOP (S (NP-SBJ Mr. Fischer) (VP (VP plows (NP his own fields)) , (VP sows (NP his own corn and sunflowers)) , and (VP feeds (NP his own sheep))) .)) (TOP (S (S (PP-LOC Over (PP at (NP the fiberglass factory))) , (NP-SBJ four white workers) (VP assemble (NP water tanks) (PP on (NP their own)))) , and (S (PP-TMP in (NP their spare time)) (NP-SBJ they) (VP build (NP townhouses) (PP-LOC across (NP the road)))) .)) (TOP (S (PP-LOC On (NP Main Street)) , (NP-SBJ-1 (NP Alida Verwoerd) and (NP her daughters)) (VP (VP look (PP-CLR after (NP the clothes and fabric shop))) , then (VP hurry (ADVP-DIR home) (S-PRP (NP-SBJ *-1) (VP to (VP fix (NP lunch) (PP-BNF for (NP (NP the rest) (PP of (NP the family))))))))) .)) (TOP (S (PP-LOC Down (PP by (NP the stream))) , (NP-SBJ (NP a group) (PP of (NP Orange Workers))) (VP puts (NP the finishing touches) (PP-PUT on (NP a golf course))) .)) (TOP (S-2 (SBAR-ADV If (S (NP-SBJ-1 whites) (VP want (S (NP-SBJ *-1) (VP to (VP play (ADVP-LOC there) (PP-MNR by (NP themselves)))))))) (PRN , (SINV (VP says (SBAR 0 (S *T*-2))) (NP-SBJ consulting engineer Willem van Heerden)) ,) (NP-SBJ whites) (VP should (ADVP also) (VP build (NP it) (PP-MNR by (NP themselves)))) .)) (TOP (S-2 `` (SBAR-ADV If (S (NP-SBJ-1 we) (VP want (S (NP-SBJ *-1) (VP to (VP survive (PP as (NP a people)))))))) , '' (PRN (NP-SBJ he) (VP says (S *T*-2))) , `` (NP-SBJ-3 we) (VP have (S (NP-SBJ *-3) (VP to (VP change (NP (NP our way) (PP of (NP life))))))) .)) (TOP (S (NP-SBJ The Afrikaner) (VP must (VP end (NP (NP his reliance) (PP on (NP others))))) . '')) (TOP (S (PP In (NP their quest (S (NP-SBJ *) (VP to (VP perfect (NP apartheid)))))) , (NP-SBJ the Orange Workers) (VP have (VP discovered (NP (NP (NP a truth) (SBAR (WHNP-1 that) (S (NP-SBJ-3 (NP most) (PP of (NP privileged white South Africa))) (VP tries (ADVP-MNR mightily) (S-CLR (NP-SBJ *-3) (VP to (VP deny (NP *T*-1)))))))) : (S (NP-SBJ-2 The master) (VP ca n't (VP (VP become (ADJP-PRD dependent (PP on (NP the slave)))) and (VP expect (S (NP-SBJ *-2) (VP to (VP remain (NP-PRD master) (ADVP-TMP forever))))))))))) .)) (TOP (SINV `` (S-TPC-4 (SBAR-ADV If (S (NP-SBJ apartheid) (VP means (SBAR 0 (S (S (NP-SBJ you) (VP want (NP (NP cheap black labor) and (NP (NP all the comforts) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP go (PP-CLR with (NP it))))))))) , but (S (NP-SBJ-3 you) (ADVP also) (VP want (S (NP-SBJ *-3) (VP to (VP exclude (NP the blacks) (PP-CLR from (NP (ADJP social and political) integration)))))))))))) , (ADVP then) (NP-SBJ these) (VP are (NP-PRD (NP two contradictions) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP ca n't (VP go (PRT on) (ADVP-TMP forever)))))))) , '' (VP says (S *T*-4)) (NP-SBJ Mr. Verwoerd) .)) (TOP (S (NP-SBJ He) (VP is (VP sitting (PP-LOC-CLR in (NP his living room)) , (PP-LOC beneath (NP (NP a huge portrait) (PP of (NP (NP his late father) , (NP Hendrik F. Verwoerd) , (NP (NP (NP apartheid 's) architect) and (NP (NP South African prime minister) (PP-TMP (PP from (NP 1958)) (PP to (NP 1966))))))))))) .)) (TOP (S-1 (ADVP-LOC Somewhere) (PRN , (S (NP-SBJ the son) (VP sighs (SBAR 0 (S *T*-1)))) ,) (S (NP-SBJ things) (VP went (ADJP-PRD terribly wrong) (PP with (NP apartheid)))) ; (S (NP-TMP today) , (NP-SBJ whites) (ADVP even) (VP rely (PP-CLR on (NP blacks)) (S-CLR (NP-SBJ *) (VP to (VP police (NP their separation)))))) .)) (TOP (S `` (NP-SBJ People) (VP took (NP separate development) (PP-CLR as (NP an opportunity (S (NP-SBJ-1 *) (VP to (VP use (NP black labor) (PP without (S-NOM (NP-SBJ *-1) (ADVP-TMP ever) (VP getting (ADJP-PRD rid (PP of (NP it)))))))))))) .)) (TOP (SINV (S-TPC-1 But (NP-SBJ my father) (VP meant (S (NP-SBJ it) (VP to (VP mean (NP real separation)))))) , '' (VP says (S *T*-1)) (NP-SBJ the son) .)) (TOP (S (NP-SBJ The Orange Workers) (VP speak (ADVP-MNR sincerely)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP agree (PP-CLR with (NP world opinion (SBAR that (S (NP-SBJ (NP the status quo) (PP-LOC in (NP South Africa))) (VP is (ADJP-PRD morally wrong)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Pieter Bruwer) , (NP (NP the Orange Workers ') chief scribe and pamphleteer)) .)) (TOP (S `` (NP-SBJ We) (VP must (VP either (VP integrate (ADVP-MNR honestly)) or (VP segregate (ADVP-MNR honestly)))) . '')) (TOP (S (NP-SBJ Morgenzon) (VP has (ADVP-TMP long) (VP been (NP-PRD (NP a special domain) (PP of (NP Afrikanerdom))))) .)) (TOP (S (PP According (PP to (NP Mr. Verwoerd))) , (NP-SBJ the early Afrikaner pioneers) (VP were (NP-PRD (NP the first people) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP settle (PP-LOC in (NP the eastern Transvaal)) , (PP-TMP even before (NP the blacks)))))))) .)) (TOP (S Then , (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 Morgenzon) (VP was (VP incorporated (NP *-1) (PP-TMP in (NP 1908)) (ADVP-TMP *T*-3))))) , (NP-SBJ (NP the farmer) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP owned (NP the land))))) (VP stipulated (SBAR that (S (S (NP-SBJ only whites) (VP could (VP reside (PP-LOC in (NP town))))) ; (S (NP-SBJ blacks) (VP could (VP work (ADVP-LOC there)))) , but (S (NP-SBJ-4 they) (VP had (S (NP-SBJ *-4) (VP to (VP leave (PP-TMP at (NP night)))))))))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ Morgenzon) (VP is (NP-PRD (NP a town) (PP of (NP (NP 800 whites) and (NP two paved roads))))) .)) (TOP (S (S (NP-SBJ Weeds) (VP push (ADVP-DIR up) (PP-DIR through (NP (NP the cracks) (PP-LOC in (NP the sidewalks)))))) , and (S (NP-SBJ many houses and storefronts) (VP are (ADJP-PRD empty))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP few factories) and (NP no mines))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-3)) (VP was (NP-PRD an ideal place) (SBAR-3 for (S (NP-SBJ-2 the Orange Workers) (VP to (VP start (NP their new nation) , (S-ADV (NP-SBJ *-2) (ADJP-PRD unencumbered (PP by (NP (NP the demographics) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP undermined (NP apartheid) (ADVP-LOC elsewhere (PP in (NP South Africa)))))))))))))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ-1 (QP about 150) Orange Workers) (VP have (VP moved (ADVP-DIR here) , (S-ADV (NP-SBJ-2 *-1) (VP spending (NP (QP nearly $ 1 million) *U*) (S-CLR (NP-SBJ *-2) (VP buying (PRT up) (NP property))) (PP-TMP over (NP the past three years)))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (ADJP complete and total) segregation) (VP remains (ADJP-PRD elusive)) .)) (TOP (SINV (PP-LOC-PRD-TPC-3 Just beyond (NP the city limits)) (VP is (PP-LOC-PRD *T*-3)) (NP-SBJ (NP a shantytown) (PP of (NP (NP 2,000 blacks) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP are (VP employed (NP *-1) (PP-LOC throughout (NP the area))))))))) .)) (TOP (S (PP Despite (NP (NP the Orange Workers ') intention (S (NP-SBJ *) (VP to (VP put (NP (NP them) (NP all)) (PP-CLR out (PP of (NP work)))))))) , (NP-SBJ they) (VP are (PP-PRD in (NP no hurry (S (NP-SBJ *) (VP to (VP leave)))))) .)) (TOP (S (NP-SBJ (NP A young man) (VP called (S (NP-SBJ *) (NP-PRD (NP July) (PRN -LRB- (S (NP-SBJ that) (VP 's (SBAR-PRD (WHADVP-4 when) (S (NP-SBJ-1 he) (VP was (VP born (NP *-1) (ADVP-TMP *T*-4))))))) -RRB-)))) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP works (PP-LOC at (NP (NP the railroad station) (PP-LOC just up (NP the street) (PP from (NP the Orange Workers office)))))))) ,) (VP (VP points (PP-CLR at (NP the whitewalled building))) and (VP says (ADVP-MNR matter-of-factly) , `` (S (S (NP-SBJ-5 We) (VP 're not (VP allowed (NP *-5) (PP-LOC-CLR in (NP there))))) , (S (NP-SBJ that) (VP 's (NP-PRD (NP all) (SBAR (WHNP-3 0) (S (NP-SBJ I) (VP know (NP *T*-3)))))))))) . '')) (TOP (S (NP-SBJ (NP The 650-or-so local whites) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are n't (NP-PRD Orange Workers))))) (VP are (ADJP-PRD more troubled)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Try (SBAR-ADV as (S (NP-SBJ they) (VP might (VP *?*)))))) , (NP-SBJ-1 they) (ADVP just) (VP ca n't (VP conceive (PP-CLR of (NP (NP life) (PP without (NP black workers)))))) .)) (TOP (SINV `` (FRAG-TPC-2 (ADJP Impossible , impossible)) , '' (VP say (FRAG *T*-2)) (NP-SBJ (NP the Conradies) , (NP (NP an elderly couple) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP run (NP the general store) (PP-TMP for (NP decades)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP ca n't (VP do (PP without (NP their help))))) , '' (VP says (S *T*-1)) (NP-SBJ Mrs. Conradie) .)) (TOP (FRAG `` (INTJ Oh no) .)) (TOP (S (S (NP-SBJ We) (VP need (NP them))) and (S (NP-SBJ I) (VP thank (NP God) (PP for (NP them)))) . '')) (TOP (S (PP-LOC Over (PP at (NP the Shell station))) , (NP-SBJ (NP owner Rudi van Dyk) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP doubles (PP as (NP (NP Morgenzon 's) mayor))))) ,) (VP worries (SBAR that (S (NP-SBJ the Orange Workers) (VP have (VP made (S (NP-SBJ his town) (NP-PRD (NP the laughingstock) (PP of (NP the nation))))))))) .)) (TOP (S `` (S-2 (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ they) (VP want (S (NP-SBJ us) (VP to (VP do (NP *T*-1))))))) (ADVP just) (VP is n't (ADJP-PRD practical))) , '' (NP-SBJ-3 he) (VP says (S *T*-2) , (S-ADV (NP-SBJ *-3) (VP noting (SBAR that (S (NP-SBJ he) (VP employs (NP 16 blacks))))))) .)) (TOP (S `` (NP-SBJ-1 I) (VP could n't (VP afford (S (NP-SBJ *-1) (VP to (VP hire (NP 16 whites)))))) .)) (TOP (S (NP-SBJ (NP The only Afrikaners) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP would (VP be (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP work (PP for (NP this salary))))))))))) (VP would n't (VP know (SBAR-NOM (WHADVP-3 how) (S (NP-SBJ *) (VP to (VP handle (NP money) (ADVP-MNR *T*-3))))))) . '')) (TOP (S (ADVP-LOC Back (PP at (NP the Verwoerd house))) , (NP-SBJ Hendrik Sr.) (VP peers (ADVP-DIR down) (PP-DIR over (NP (NP the shoulder) (PP of (NP Hendrik Jr))))) .)) (TOP (S (NP-SBJ The son) (VP believes (SBAR that (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the Afrikaners) (ADVP-TMP finally) (VP realize (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD no (S-NOM (NP-SBJ *) (VP turning (ADVP-DIR back) (NP-PRD (NP the integration) (PP of (NP (ADJP South African) society and politics))))))))) (ADVP-TMP *T*-1)))) , (NP-SBJ Morgenzon) (VP will (VP boom))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ We) (VP urge (NP-3 our people) (S (NP-SBJ *-3) not (VP to (VP wait (SBAR-TMP until (S (NP-SBJ-1 they) (VP have (S (NP-SBJ *-1) (VP to (VP fight (PP for (NP their own nation))))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ Mr. Verwoerd) .)) (TOP (S `` (PP-MNR By (S-NOM (NP-SBJ *-3) (VP populating (NP a place) (ADVP-TMP now)))) , (NP-SBJ-3 we) (VP make (S (NP-SBJ ourselves) (NP-PRD (NP a power) (SBAR (WHNP-1 0) (S (NP-SBJ-2 any new government) (VP will (VP have (S (NP-SBJ *-2) (VP to (VP take (NP *T*-1) (PP-CLR into (NP account)))))))))))) . '')) (TOP (S (ADVP Curiously) , (NP-SBJ he) (VP compares (NP the Orange Workers) (PP-CLR to (NP (NP the ANC) , (SBAR (WHNP-1 which) (S (NP-SBJ his father) (VP outlawed (NP *T*-1) (PP-TMP in (NP 1960)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 The ANC) (VP wo n't (VP be (VP stopped (NP *-1) (SBAR-TMP until (S (NP-SBJ there) (VP is (NP-PRD (NP a provision) (PP for (NP black aspirations)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ Mr. Verwoerd) .)) (TOP (S `` (ADVP Likewise) , (NP-SBJ no government) (VP will (VP stop (NP (NP this idea) (PP of (NP the Afrikaners))))) . '')) (TOP (S (NP-SBJ-1 He) (VP apologizes (PP for (S-NOM (NP-SBJ *-1) (VP sounding (ADJP-PRD pushy))))) .)) (TOP (S-2 `` (S-ADV (NP-SBJ *) (VP Look)) , '' (PRN (S (NP-SBJ he) (VP says (S *T*-2)))) , `` (SBAR-ADV If (S (NP-SBJ-1 (NP the rest) (PP of (NP South Africa))) (VP wants (S (NP-SBJ *-1) (VP to (VP have (NP an integrated melting pot))))))) , (NP-SBJ that) (VP 's (NP-PRD their choice)) .)) (TOP (S (NP-SBJ We) (VP 'll (VP leave (NP them) (ADVP-CLR alone))) .)) (TOP (S (NP-SBJ-1 We) (ADVP just) (VP want (S (NP-SBJ *-1) (VP to (VP have (NP (NP our own cup) (PP of (NP tea))))))) . '')) (TOP (S And (NP-SBJ they) (VP will (ADVP even) (VP serve (NP it) (NP-ADV themselves))) .)) (TOP (S (INTJ Okay) , (ADVP-TMP now) (NP-SBJ you) (VP can (VP pick (PRT up) (NP that phone))) .)) (TOP (S But (NP-SBJ *) (VP do n't (VP do (NP (NP anything) (ADJP rash)))) .)) (TOP (S (PP-TMP After (NP (NP last Friday 's) stock-market plunge)) , (NP-SBJ investment professionals) (VP cautioned (S (NP-SBJ people) (VP to (VP resist (NP the urge (S (NP-SBJ *) (VP to (VP (VP call (NP their brokers)) and (VP sell (NP stocks)))))))))) .)) (TOP (S (S (S-NOM-SBJ-1 (NP-SBJ *) Not (VP selling (PP-CLR into (NP a panic)))) (VP turned (PRT out) (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (ADJP very good) advice)))))) : (S (PP Despite (NP (NP the market 's) volatility)) , (NP-SBJ the Dow Jones Industrial Average) (VP has (VP surged (NP-EXT 114 points) (PP-TMP in (NP the past four days))))) .)) (TOP (S (ADVP-TMP Now) , (PP with (S-NOM (NP-SBJ (NP a semblance) (PP of (NP normalcy))) (VP returning))) , (NP-SBJ some advisers) (VP say (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD (NP time) (SBAR for (S (NP-SBJ investors) (VP to (VP (VP take (NP (NP a hard , cold look) (PP at (NP (NP the stocks) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP own (NP *T*-1)))))))) and (VP consider (NP some careful pruning))))))))))) .)) (TOP (S-2 `` (S (NP-SBJ The market) (VP is (VP sending (NP nervous signals)))) (PRN , '' (SINV (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Peter J. Canelo) , (NP (NP chief market strategist) (PP for (NP Bear , Stearns & Co.))))) ,) and (S (NP-SBJ (NP it) (S *EXP*-3)) (VP 's `` (ADJP-PRD unwise) '' (S-3 (NP-SBJ-1 *) (VP to (VP be (VP overcommitted (NP *-1) (PP-CLR to (NP stocks)))))))) .)) (TOP (S (NP-SBJ (NP Alan Weston) , (NP (NP president) (PP of (NP (NP Weston Capital Management) , (NP a Los Angeles money-management firm) ,)))) (VP adds (SBAR that (S (PP-TMP in (NP (NP periods) (PP of (NP uncertainty)) (PP like (NP today)))) , `` (NP-SBJ it) (VP 's (NP-PRD (NP a good time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP cut (PRT out) (NP (NP the dead branches) (PP of (NP your portfolio))) (ADVP-TMP *T*-1)))))))))) . '')) (TOP (S (NP-SBJ Not everybody) (VP agrees (SBAR that (S (NP-SBJ it) (VP 's (NP-PRD (NP time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP trim (ADVP-TMP *T*-1)))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 We) (VP are n't (ADJP-PRD inclined (S (NP-SBJ *-1) (VP to (VP prune (NP stock portfolios) (ADVP-TMP now))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Steven G. Einhorn) , (NP (NP chairman) (PP of (NP (NP the investment policy committee) (PP of (NP Goldman , Sachs & Co)))))) .)) (TOP (S `` (NP-SBJ Investors) (VP should (VP stay (PP-CLR with (NP their stocks)))) .)) (TOP (S (S (NP-SBJ We) (VP expect (NP a (ADJP choppy and sloppy) market) (PP-TMP for (NP a short period)))) , but (S (NP-SBJ we) (VP do n't (VP think (SBAR 0 (S (NP-SBJ it) (VP will (VP be (ADJP-PRD ugly)))))))) .)) (TOP (S (NP-SBJ The downside) (VP is (ADJP-PRD limited)) . '')) (TOP (S And (NP-SBJ (ADVP even) (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP say (SBAR 0 (S (NP-SBJ some selective selling) (VP may (VP be (PP-PRD in (NP order)))))))))) (VP stress (SBAR that (S (NP-SBJ-2 individuals) (VP need (S (NP-SBJ *-2) (VP to (VP be (PP-LOC-PRD in (NP the stock market)) (S-PRP (NP-SBJ-4 *) (VP (VP to (VP achieve (NP their long-term investment objectives))) and (VP to (VP help (S (NP-SBJ *-4) (VP balance (NP their other assets)))))))))))))) .)) (TOP (S-1 (NP-SBJ-2 Any selling) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-1)))) ,) (VP should (VP be (UCP-PRD (ADJP well thought-out) , and (VP executed (NP *-2) (ADVP-MNR gradually) , (PP-TMP during (NP market rallies)))))) .)) (TOP (S (NP-SBJ They) (VP offer (NP these suggestions)) :)) (TOP (S (NP-SBJ *) (VP GET (VP RID (PP-CLR OF (NP THE DOGS)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ *) (VP Sell (NP (NP stocks) (SBAR (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are n't (VP doing (ADVP-MNR well) (ADVP-TMP now))))) , and (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP do n't (VP have (NP good earnings prospects))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Alfred Goldman) , (NP (NP technical analyst) (PP-LOC at (NP (ADJP St. Louis-based) A.G. Edwards & Sons)))) .)) (TOP (S `` (S (NP-SBJ Most people) (VP do (NP just the opposite))) : (S (NP-SBJ They) (VP (VP sell (NP their winners)) and (VP keep (NP their losers)))) . '')) (TOP (SBARQ (WHNP-1 (NP Which types) (PP of (NP stocks))) (SQ (NP-SBJ-2 *T*-1) (VP are (ADVP-PRD most likely (S (NP-SBJ *-2) (VP to (VP qualify)))))) ?)) (TOP (SINV (FRAG-TPC-1 (NP-PRD Technology stocks)) , (VP says (SBAR 0 (FRAG *T*-1))) (NP-SBJ Mr. Goldman) .)) (TOP (S (NP-SBJ *) (VP WATCH (PP-CLR FOR (NP EARNINGS DISAPPOINTMENTS))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 A company) (VP does n't (VP have (S (NP-SBJ *-1) (VP to (VP post (NP a loss)))) (S-PRP (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a candidate) (PP for (NP sale))))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Charles I. Clough Jr.) , (NP (NP chief market strategist) (PP-LOC at (NP Merrill Lynch & Co)))) .)) (TOP (S-1 (SBAR-ADV If (S (NP-SBJ earnings) (VP do n't (VP live (PRT up) (PP-CLR to (NP (NP analysts ') expectations)))))) (PRN , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) ,) (NP-SBJ that) (VP 's (ADJP-PRD enough (S (NP-SBJ *) (VP to (VP dump (NP the stock)))))) .)) (TOP (S (NP-SBJ (NP John Markese) , (NP (NP director) (PP of (NP research)) (PP for (NP (NP the American Association) (PP of (NP Individual Investors))))) ,) (VP raises (NP a cautionary note)) .)) (TOP (S (S-TPC-1 `` (S-NOM-SBJ (NP-SBJ *) (VP Substituting (NP (NP a rule) (PP of (NP thumb))) (PP-CLR for (NP your own judgment)))) '' (VP can (VP be (NP-PRD a mistake)))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ An earnings disappointment) (VP may (VP reflect (NP (NP a situation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD short-term))))))) .)) (TOP (S But (NP-SBJ Mr. Clough) (VP says , `` (S (NP-SBJ The risk) (VP is (SBAR-PRD that (S (NP-SBJ earnings disappointments) (VP will (VP continue))))))) . '')) (TOP (S (S (NP-SBJ The economy) (VP is (VP decelerating (PP-TMP after (NP six good years))))) , and `` (S (ADVP-TMP right now) (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD better) (S-1 (NP-SBJ *) (VP to (VP (VP shoot (ADVP-TMP first)) and (VP ask (NP questions) (ADVP-TMP later))))))) . '')) (TOP (SBARQ (WHNP-1 (NP Which types) (PP of (NP stocks))) (SQ (NP-SBJ *T*-1) (ADVP-TMP currently) (VP have (NP the greatest earnings risks))) ?)) (TOP (S (FRAG-TPC-1 (NP (NP Computer companies) ; (NP (NP commodity cyclical stocks) , (PP like (NP autos))) ; and (NP retailing stocks))) , (NP-SBJ he) (VP says (SBAR 0 (FRAG *T*-1))) .)) (TOP (S (NP-SBJ *) (VP BEWARE (PP-CLR OF (NP HEAVY DEBT))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The companies) (ADJP apt (S (NP-SBJ *) (VP to (VP run (PP-CLR into (NP earnings problems)) (ADVP-TMP soonest)))))) (VP are (NP-PRD (NP the ones) (PP with (NP heavy debt loads))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Larry Biehl) , (NP (NP partner) (PP-LOC in (NP (NP the (NAC-LOC San Mateo , Calif. ,) money-management firm) (PP of (NP Bailard , Biehl & Kaiser)))))) .)) (TOP (S (NP-SBJ (NP Mr. Canelo) (PP of (NP Bear Stearns))) (VP agrees : `` (S-1 (SBAR-ADV If (S (NP-SBJ we) (VP do (VP have (NP an economic slowdown))))) (PRN , '' (S (NP-SBJ he) (VP says (S *T*-1))) ,) `` (NP-SBJ-2 (NP companies) (PP with (NP high debt ratios))) (VP will (VP be (VP dumped (NP *-2) (ADVP-MNR en masse)))))) . '')) (TOP (S (S-TPC-2 (NP-SBJ (NP The best course) (PP for (NP individual investors))) (VP is (S-PRD (NP-SBJ *) (VP to (VP sell (NP these stocks) (ADVP-TMP now)))))) , (NP-SBJ the two advisers) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ *) (VP SELL (NP ` WHISPER ' STOCKS)) .)) (TOP (SINV (S-TPC-3 (NP-SBJ (NP (NP (NP UAL Corp. 's) difficulty) (PP in (S-NOM (NP-SBJ *) (VP obtaining (NP (NP bank financing) (PP for (NP its leveraged buy-out))))))) and (NP its resulting price plunge)) (VP is (NP-PRD (NP a tip-off) (PP to (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 *T*-1) (VP 's (VP going (S (NP-SBJ *-2) (VP to (VP happen (PP to `` (NP takeover stocks))))))))))))) , '' (VP says (SBAR 0 (S *T*-3))) (NP-SBJ Mr. Canelo) .)) (TOP (S (S-TPC-1 (NP-SBJ Takeover activity) (VP will (VP slow (PRT down) (SBAR-ADV as (S (NP-SBJ (ADJP more and more) banks) (VP tighten (NP their lending requirements))))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S `` (NP-SBJ There) (VP 'll (VP be (NP-PRD (ADJP fewer and fewer) deals))) . '')) (TOP (S (ADVP Moreover) , (NP-SBJ many financial advisers) (VP say (SBAR 0 (S (NP-SBJ individuals) (VP should (VP be (PP-LOC-PRD in (NP the stock market)) (PP (PP as (NP long-term investors)) , not (PP as (NP (NP traders) (VP trying (S (NP-SBJ *) (VP to (VP catch (NP the next hot stock))))))))))))) .)) (TOP (S-1 (PP In (ADJP general)) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-1)))) ,) (NP-SBJ *) (VP avoid (NP takeover stocks)) .)) (TOP (S (NP-SBJ *) (VP COMPARE (NP P/E RATIOS) (PP-CLR WITH (NP PROSPECTS))) .)) (TOP (S (NP-SBJ Mr. Canelo) (VP suggests (SBAR that (S (NP-SBJ investors) (VP compare (NP (NP price/earnings ratios) (PRN -LRB- (NP (NP the price) (PP of (NP (NP a share) (PP of (NP stock)))) (VP divided (NP *) (PP by (NP-LGS (NP (NP a company 's) per-share earnings) (PP for (NP a 12-month period)))))) -RRB-)) (PP-CLR with (NP projected growth rates)))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ you) (VP think (SBAR 0 (S (NP-SBJ earnings) (VP will (VP grow (PP at (NP (NP 20 %) (NP-ADV a year)))))))))) , (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (ADJP-PRD all right) (S-2 (NP-SBJ *) (VP to (VP pay (NP (QP 20 times) earnings)))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` But (NP-SBJ *) (VP do n't (VP pay (NP (QP 30 times) earnings) (PP-CLR for (NP (NP a company) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP 's (VP expected (S (NP-SBJ *-2) (VP to (VP grow (PP-CLR at (NP (NP 15 %) (NP-ADV a year)))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Canelo) (VP thinks (SBAR 0 (S (NP-SBJ the market) (VP (VP will (ADVP probably) (VP go (ADVP-DIR higher))) , but `` (VP will (VP be (ADJP-PRD ruthless) (PP with (NP stocks)) (SBAR-ADV if (S (NP-SBJ the earnings) (VP are n't (ADVP-LOC-PRD there)))))))))) . '')) (TOP (S (NP-SBJ Mr. Markese) (VP cautions (SBAR that (S (NP-SBJ investors) (VP should n't (VP (ADVP-MNR slavishly) follow (NP any specific price/earnings sell trigger)))))) .)) (TOP (S `` (S-TPC-2 (SBAR-ADV If (S (NP-SBJ you) (VP say (S (NP-SBJ *) (VP sell)) (NP-TMP (NP anytime) (SBAR (WHADVP-1 0) (S (NP-SBJ (NP a company 's) price/earnings ratio) (VP exceeds (NP 15) (ADVP-TMP *T*-1)))))))) , (NP-SBJ that) (VP knocks (PRT out) (NP all your growth stocks))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S `` (NP-SBJ You) (VP eliminate (NP (NP companies) (PP with (NP substantial prospects)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (VP moving (ADVP-DIR up) (PP in (NP price)))))))) . '')) (TOP (S (NP-SBJ *) (VP EXAMINE (SBAR-NOM (WHNP-1 WHAT) (S (NP-SBJ *T*-1) (VP HAS (VP CHANGED))))) .)) (TOP (S (NP-SBJ (NP Tom Schlesinger) , (NP (NP market analyst) (PP-LOC at (NP A.G. Edwards & Sons Inc.))) ,) (VP says (SBAR 0 (S (NP-SBJ investors) (VP should (VP consider (NP selling) (SBAR-ADV if (S (NP-SBJ there) (VP has (VP been (NP-PRD (NP a fundamental change) (PP-LOC in (NP a company)) (SBAR-TMP since (S (NP-SBJ they) (VP bought (NP its stock)))))))))))))) .)) (TOP (S (NP-SBJ *) (VP Say (SBAR 0 (S (NP-SBJ you) (VP purchased (NP a stock) (PP-PRP because of (NP (NP a new product) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (PP-LOC-PRD in (NP the works))))))))))) .)) (TOP (S (ADVP-TMP Now) , (PP-PRP because of (NP various difficulties)) , (NP-SBJ-1 the product) (VP has (VP been (VP scrapped (NP *-1)))) .)) (TOP (SINV (FRAG-TPC-2 (NP (NP Time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP sell (ADVP-TMP *T*-1))))))) , (VP says (SBAR 0 (FRAG *T*-2))) (NP-SBJ Mr. Schlesinger) .)) (TOP (S-2 (ADVP Similarly) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) ,) (NP-SBJ *) (VP suppose (SBAR 0 (S (NP-SBJ-1 you) (VP were (VP attracted (NP *-1) (PP-CLR to (NP a company)) (PP-PRP because of (NP expectations (SBAR that (S (NP-SBJ sales) (VP would (VP hit (NP (QP $ 200 million) *U*) (PP-TMP by (NP 1990))))))))))))) .)) (TOP (S (S-TPC-1 (SBAR-ADV If (S (S (NP-SBJ things) (VP have n't (VP worked (PRT out) (ADVP-MNR that well)))) , and (S (NP-SBJ sales) (VP wo n't (VP hit (NP (QP $ 200 million) *U*) (PP-TMP until (NP 1992))))))) , (NP-SBJ it) (VP 's (NP-PRD (NP time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP consider (NP selling) (ADVP-TMP *T*-2)))))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ USX Corp.) (VP declined (NP (NP a United Steelworkers request) (PP for (NP (NP a reopening) (PP of (NP (NP its four-year labor contract) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP is (ADJP-PRD due (S (NP-SBJ *-2) (VP to (VP expire (NP-TMP Jan. 31 , 1991)))))))))))))) .)) (TOP (S (NP-SBJ The union) (PP-TMP on (NP Oct. 5)) (VP requested (SBAR that (S (NP-SBJ-88 the contract) (VP be (VP reopened (NP *-88) (S-PRP (NP-SBJ *) (VP to (VP restore (NP (NP all pay and benefits) (SBAR (WHNP-1 that) (S (NP-SBJ the union) (VP gave (NP *T*-1) (PRT up) (PP-TMP in (NP (NP the 1982-83 and 1986-87 rounds) (PP of (NP bargaining)))))))))))))))) .)) (TOP (S (NP-SBJ A United Steelworkers spokeman) (VP said (SBAR 0 (S (NP-SBJ (NP Lynn Williams) , (NP (NP the union 's) president) ,) (VP was (PP-LOC-PRD out (PP of (NP town))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The union) (VP wo n't (VP respond (PP-CLR to (NP the USX statement)) (SBAR-TMP until (S (NP-SBJ Mr. Williams) (VP has (VP studied (NP it)))))))) , (NP-SBJ the spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP Robert A. Oswald) , (NP (NP (NP chief financial officer) and (NP a director)) (PP of (NP this natural-gas pipeline company))) ,) (VP was (VP elected (NP *-1) (PP-CLR to (NP (NP the additional position) (PP of (NP executive vice president)))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 (NP Michael W. O'Donnell) , (NP (NP executive vice president) (PP of (NP a Columbia unit))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP assistant chief financial officer) and (NP a senior vice president)) (PP of (NP the parent company)))))) .)) (TOP (S (NP-SBJ The appointments) (VP take (NP effect) (NP-TMP Nov. 1)) .)) (TOP (S (NP-SBJ Both men) (VP are (ADJP-PRD (NP 44 years) old)) .)) (TOP (S (NP-SBJ This magazine and book publisher) (VP said (SBAR 0 (S (NP-SBJ-1 three men) (VP were (VP elected (S (NP-SBJ *-1) (NP-PRD directors)) , (S-ADV (NP-SBJ *) (VP increasing (NP the board) (PP-DIR to (NP 10))))))))) .)) (TOP (S (NP-SBJ They) (VP are : (NP-PRD (NP (NP James R. Eiszner) , (UCP (ADJP (NP 62 years) old) and (NP (NP (NP chairman) and (NP chief executive officer)) (PP of (NP CPC International Inc.))))) ; (NP (NP Robert G. Schwartz) , (NP 61) , (NP (NP (NP chairman) , (NP president) and (NP chief executive officer)) (PP of (NP Metropolitan Life Insurance Co.)))) , and (NP (NP Walter V. Shipley) , (NP 53) , (NP (NP (NP chairman) and (NP chief executive officer)) (PP of (NP Chemical Banking Corp)))))) .)) (TOP (S (NP-SBJ BankAmerica Corp.) (VP reported (NP (NP a (ADJP 34 %) jump) (PP-LOC in (NP third-quarter earnings))) , (SBAR-ADV as (S (NP-SBJ-2 (NP its rocket-like recovery) (PP from (NP (NP (ADJP nearly ruinous) losses) (ADVP-TMP (NP several years) ago)))) (VP continued (S (NP-SBJ-1 *-2) (VP to (VP be (VP fueled (NP *-1) (PP by (NP-LGS (NP (NP growth) (PP-LOC in (NP consumer loans))) , (NP higher interest margins) and (NP negligible loan losses))))))))))) .)) (TOP (S (PP For (NP the quarter)) , (NP-SBJ BankAmerica) (VP said (SBAR 0 (S (NP-SBJ it) (VP earned (NP (NP (QP $ 254 million) *U*) , or (NP (NP $ 1.16 *U*) (NP-ADV a share)) ,) (PP compared (PP with (NP (NP (QP $ 190 million) *U*) , or (NP (NP 97 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ BankAmerica spokesmen) (VP said (SBAR 0 (S (NP-SBJ preliminary reports) (VP indicate (SBAR 0 (S (NP-SBJ-1 the company) (VP was n't (VP (ADVP-MNR materially) affected (NP *-1) (PP by (NP-LGS the Tuesday earthquake)))))))))) .)) (TOP (S (NP-SBJ (NP (QP All but eight)) (PP of (NP the 850 branches)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP some structural damage)))) ,) (VP reopened (NP-TMP yesterday) (PP for (NP business))) .)) (TOP (S (S-TPC-1 (NP-SBJ Automated teller machine operations) (ADVP also) (VP were (UCP-PRD (ADVP up) and (VP operating)) (NP-TMP yesterday))) , (NP-SBJ a bank spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S (PP-TMP For (NP (NP the first time) (PP-TMP in (NP (QP nearly two) years)))) , (NP-SBJ-1 BankAmerica results) (VP failed (S (NP-SBJ *-1) (VP to (VP improve (PP-TMP in (NP consecutive quarters))))))) , but (S (NP-SBJ (NP the decline) (PP from (NP the second quarter))) (VP was (ADJP-PRD attributable (PP to (NP special factors))))) .)) (TOP (S (NP-SBJ Third-quarter profit) (VP was (PP-PRD (NP 16 %) below (NP (NP the (NX (NX (QP $ 304 million) *U*) , or (NX (NX $ 1.50 *U*) (NP-ADV a share)) ,)) (VP earned (NP *) (PP-TMP in (NP the 1989 second quarter)))))) .)) (TOP (S (NP-SBJ The company) (VP cited (NP (NP (NP higher tax credits) (PP-TMP in (NP the second quarter))) , (VP totaling (NP (NP (QP $ 63 million) *U*) , (PP compared (PP with (NP (NP (QP $ 28 million) *U*) (PP-TMP in (NP the third quarter))))))))) .)) (TOP (S (PP Excluding (NP tax credits)) , (NP-SBJ profit) (VP was (PP-PRD (NP 6 %) below (NP the second quarter))) .)) (TOP (S But (NP-SBJ-1 that drop) (VP was (VP caused (ADVP entirely) (NP *-1) (PP by (NP-LGS (NP a decline) (PP-LOC in (NP (NP Brazilian interest) (VP paid (NP *)))) , (PP to (NP (QP $ 5 million) *U*)) (PP from (NP (NP (QP $ 54 million) *U*) (NP-TMP the second quarter))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ-1 BankAmerica) (VP continued (S (NP-SBJ *-1) (VP to (VP build (NP (NP its reserve) (PP against (NP troubled foreign loans)))))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP boosting (NP its loan-loss provision) (PP-DIR to (NP (NP (QP $ 170 million) *U*) , (UCP (NP (NP about the same) (PP as (NP the previous quarter))) but (PP well above (NP (NP the (QP $ 100 million) *U*) (PP-TMP in (NP the year-earlier quarter))))))))))) .)) (TOP (S (NP-SBJ The provision rate) (VP was (PP-LOC-PRD far above (NP (NP (NP BankAmerica 's) actual net credit losses) (PP of (NP (NP (QP $ 24 million) *U*) (PP-TMP in (NP the third quarter)) , (PP compared (PP with (NP (NP (NP (QP $ 18 million) *U*) (PP-TMP in (NP the second period))) and (NP (NP (QP $ 38 million) *U*) (ADVP-TMP (NP a year) earlier)))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ BankAmerica) (VP said (SBAR 0 (S (NP-SBJ (NP its reserve) (PP against (NP troubled foreign-country loans)) , (PP once below (NP 25 %)) ,) (ADVP-TMP now) (VP amounts (PP-CLR to (NP (NP 45 %) (PP of (NP (NP the (QP $ 6.4 billion) *U*) (PP of (NP non-trade debt)) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP calculates (SBAR 0 (S (NP-SBJ-1 it) (VP is (VP owed (NP *-1) (NP *T*-2) (PP by (NP-LGS those nations))))))))))))))))) .)) (TOP (S (NP-SBJ That level) (VP is (UCP-PRD (NP (NP about the same) (PP as (NP some other big banks))) , but (PP far below (NP (NP the (ADJP (ADJP 85 %) and (ADJP 100 %)) reserves) (PP of (NP (NP (NP Bankers Trust New York Corp.) and (NP J.P. Morgan & Co.)) , (ADVP respectively))))))) .)) (TOP (S (PP By (NP any measure)) , (NP-SBJ-1 third-quarter earnings) (VP were (ADVP-TMP still) (ADJP-PRD robust) , (S-ADV (NP-SBJ *-1) (ADJP-PRD equivalent (PP to (NP (NP a (ADJP 0.92 %) return) (PP on (NP assets)) (S (NP-SBJ *) (VP (ADVP even) excluding (NP tax credits)))))))) .)) (TOP (S (PP By (NP (NP that key measure) (PP of (NP operating efficiency)))) , (NP-SBJ BankAmerica) (VP turned (PRT in) (NP-PRD (NP a better performance) (PP than (NP (NP its well-regarded Los Angeles-based competitor) , (NP Security Pacific Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP posted (NP a (ADJP 0.89 %) return) (PP-TMP in (NP the third quarter))))))))) .)) (TOP (S But (NP-SBJ-2 it) (VP continued (S (NP-SBJ *-2) (VP to (VP (ADVP-MNR badly) trail (NP (NP its San Francisco neighbor) , (NP Wells Fargo & Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP reported (NP (NP an extraordinary (ADJP 1.25 %) return) (PP on (NP assets))))))))))) .)) (TOP (S (NP-SBJ Both returns) (VP do n't (VP include (NP any tax credits))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 (NP They) (PRN -LCB- (NP BankAmerica) -RCB-)) (VP continue (S (NP-SBJ *-1) (VP to (VP show (NP good performance)))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Donald K. Crowley) , (NP (NP an analyst) (PP with (NP (NP Keefe , Bruyette & Woods Inc.) , (NP-LOC San Francisco))))) .)) (TOP (S (PP-LOC In (NP composite trading)) (NP-TMP yesterday) (PP-LOC on (NP the New York Stock Exchange)) , (NP-SBJ-1 BankAmerica common stock) (VP edged (ADVP-DIR up (NP 12.5 cents)) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP $ 32 *U*) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ Shareholder equity) (VP improved (PP-DIR to (NP 4.68 %)) (PP-DIR from (NP 4.23 %) (PP-TMP in (NP the previous quarter)))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The (ADJP 4.52 %) net interest margin) , or (NP (NP the difference) (PP between (NP (NP (NP the yield) (PP on (NP (NP a bank 's) investments))) and (NP (NP the rate) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP pays (NP *T*-1) (PP-CLR for (NP (NP deposits) and (NP other borrowings)))))))))) ,) (VP (VP was (ADVP-TMP still) (ADJP-PRD (ADJP markedly higher) (PP than (NP (NP the (ADJP 3.91 %) ratio) (ADVP-TMP (NP a year) earlier))))) , and (VP is (PP-LOC-PRD among (NP (NP the best) (PP-LOC in (NP the industry))))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The high margin) (VP (ADVP partly) stems (PP-CLR from (NP (NP continued strong growth) (PP-LOC in (NP (NP (NP high-yielding consumer loans) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP jumped (NP-EXT 31 %) (PP-DIR to (NP (QP $ 17.47 billion) *U*)) (PP-DIR from (ADVP-TMP (NP a year) earlier))))) ,) and (NP (NP residential mortgages) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP rose (NP-EXT 25 %) (PP-DIR to (NP (QP $ 12 billion) *U*))))))))))) .)) (TOP (S (NP-SBJ (NP BankAmerica 's) total loans) (VP rose (NP-EXT 8 %) (PP-DIR to (NP (QP $ 71.36 billion) *U*))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ BankAmerica profit) (VP soared (NP-EXT 81 %) (PP-DIR to (NP (NP (QP $ 833 million) *U*) , or (NP (NP $ 4.07 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 461 million) *U*) , or (NP (NP $ 2.40 *U*) (NP-ADV a share))))) .)) (TOP (S (S-TPC-1 (NP-SBJ International Business Machines Corp.) (VP will (VP announce (PP-TMP on (NP Tuesday)) (NP (NP a slew) (PP of (NP software products)) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP eliminating (NP (NP some) (PP of (NP (NP the major problems) (ADJP involved (PP in (S-NOM (NP-SBJ *) (VP computerizing (NP manufacturing operations)))))))))))))))) , (NP-SBJ industry executives) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Many plant floors) (ADVP-TMP currently) (VP resemble (NP (NP a Tower) (PP of (NP Babel))) , (PP with (NP (NP (NP computers) , (NP robots) and (NP machine tools)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (ADVP generally) (VP (VP speak (NP their own language)) and (VP have (NP (NP trouble) (S-NOM (NP-SBJ *-2) (VP talking (PP-CLR to (NP each other)))))))))))) .)) (TOP (S (PP-PRP As (NP a result)) , (SBAR-ADV if (S (NP-SBJ a problem) (VP develops (PP-LOC on (NP a production line))))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD unlikely) (SBAR-1 0 (S (NP-SBJ-2 (NP some supervisor) (VP sitting (PP-LOC-CLR in (NP (NP front) (PP of (NP a (NX (NX personal computer) or (NX workstation)))))))) (VP will (VP (VP know (PP-CLR about (NP it))) or (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP correct (NP it))))))))))) .)) (TOP (S So (NP-SBJ IBM) (VP will (VP be (VP announcing (NP (NP (QP more than 50) products) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP aimed (NP *-1) (PP-CLR at (S-NOM (NP-SBJ *) (VP letting (S (NP-SBJ even the dumbest machine tool) (VP talk (PP-CLR to (NP (NP the smartest mainframe) , or (NP (NP anything) (PP in (PP between))))))))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP an unusual display) (PP of (NP openness)))) , (NP-SBJ IBM) (ADVP also) (VP will (VP be (VP helping (S (NP-SBJ customers) (VP tie (ADVP-CLR together) (NP (NP operations) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP include (NP (NP lots) (PP of (NP (NP equipment) (VP made (NP *) (PP by (NP-LGS (NP IBM 's) competitors))))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the executives) (VP said (SBAR 0 (S (NP-SBJ IBM) (VP will (VP be (VP offering (NP (NP programming tools) (VP designed (S (NP-SBJ *) (VP to (VP let (S (NP-SBJ (NP anyone) (VP working (PP-LOC on (NP a factory floor)))) (VP write (NP (NP ad-hoc software) , (PP for (NP instance)) , (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP do (NP (NP statistical analysis) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP pinpoint (NP a problem) (PP-LOC on (NP a manufacturing line))))))))))))))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP Armonk) , (NP N.Y.) ,)) (NP-SBJ-1 an IBM spokeswoman) (VP (VP confirmed (SBAR that (S (NP-SBJ IBM executives) (VP will (VP be (VP announcing (NP some computer-integrated-manufacturing plans) (NP-TMP next week))))))) but (VP declined (S (NP-SBJ *-1) (VP to (VP elaborate))))) .)) (TOP (S (NP-SBJ The industry executives) (VP said (SBAR that (S (PRN , (PP as (ADJP usual (PP with (NP (NP such broad announcements) (PP from (NP IBM)))))) ,) (NP-SBJ this one) (VP will (VP be (NP-PRD (NP part reality) and (NP part strategy))))))) .)) (TOP (S So (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP will (VP take (NP many quarters) (SBAR-2 for (S (NP-SBJ IBM) (VP to (VP roll (PRT out) (NP (NP all the products) (SBAR (WHNP-1 that) (S (NP-SBJ customers) (VP need (NP *T*-1)))))))))))) , and (S (NP-SBJ (NP it) (SBAR *EXP*-3)) (VP will (VP take (NP years) (SBAR-3 for (S (NP-SBJ customers) (VP to (VP integrate (NP the products) (PP-CLR into (NP their operations))))))))) .)) (TOP (S (ADVP Also) (PP as (ADJP usual)) , (NP-SBJ the products) (VP will (VP appeal (ADVP mostly) (PP-CLR to (NP (NP heavy users) (PP of (NP IBM equipment)))) , (ADVP-TMP (ADVP at least) initially))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP consultants) and (NP industry executives)) (VP said (SBAR 0 (S (NP-SBJ-1 the products) (VP could (VP (VP help (S (NP-SBJ *-1) (VP make (S (NP-SBJ manufacturing operations) (ADJP-PRD more efficient))))) , and (VP provide (NP a boost) (PP-DTV to (NP (NP the computer-integrated-manufacturing market) -- (NP (NP a market) (SBAR (WHNP-2 that) (S (NP-SBJ (NP Yankee Group) , (NP a research firm) ,) (VP has (VP said (SBAR 0 (S (NP-SBJ *T*-2) (VP may (VP double (PP-CLR to (NP (QP $ 40 billion) *U*)) (PP-TMP by (NP 1993))))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD (NP a step) (PP in (NP the right direction))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Martin Piszczalski) , (NP a Yankee Group analyst)) .)) (TOP (S (NP-SBJ He) (VP added , (ADVP though) , (SBAR that `` (S (NP-SBJ (NP a lot) (PP of (NP this))) (VP is (NP-PRD intentions))))) ... .)) (TOP (S (NP-SBJ-1 We) (VP 'll (VP have (S (NP-SBJ *-1) (VP to (VP (VP wait) and (VP see '' (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ the plan) (VP develops (ADVP-MNR *T*-2)))))))))) .)) (TOP (S (NP-SBJ The announcements) (ADVP also) (VP should (VP help (S (NP-SBJ IBM) (VP go (PP-PRD on (NP the offensive)) (PP against (NP Digital Equipment Corp.)) (PP-LOC on (NP the plant floor)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ IBM) (VP (VP has (ADVP traditionally) (VP dominated (NP (NP the market) (PP for (NP computers))) (PP-LOC on (NP (NP the business side) (PP of (NP manufacturing operations)))))) and (VP has (VP done (ADVP-MNR well) (PP-LOC in (NP (NP the market) (PP for (NP design tools))))))))) , (NP-SBJ Digital) (VP has (VP dominated (NP computerized manufacturing))) .)) (TOP (S (NP-SBJ-1 Hewlett-Packard Co.) (ADVP also) (VP has (VP begun (S (NP-SBJ *-1) (VP to (VP gain (NP share)))) (PP-LOC in (NP the whole computer-integrated-manufacturing arena)))) .)) (TOP (S (NP-SBJ IBM) (VP will (VP face (NP (NP an uphill climb) (PP against (NP Digital))) , (PP given (NP (NP (NP Digital 's) reputation) (PP for (S-NOM (NP-SBJ-1 *) (VP being (ADJP-PRD (ADJP better) (PP than (NP IBM)) (PP at (S-NOM (NP-SBJ *-1) (VP hooking (ADVP-CLR together) (NP (NP different manufacturers ') computers)))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Hewlett-Packard) , (SBAR-ADV while (FRAG (NP a (ADJP much smaller) player))) , (VP has (VP made (NP (NP a big commitment) (PP to (NP (NP the sorts) (PP of (NP industry standards)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP facilitate (NP those hookups)))))))) and (VP could (VP give (NP IBM) (NP some problems)))) .)) (TOP (S (S (NP-SBJ-1 Both) (VP can (VP be (VP expected (S (NP-SBJ *-1) (VP to (VP go (PP-CLR after (NP the market)) (ADVP-MNR aggressively)))))))) : (S (NP-SBJ (NP Gartner Group Inc.) , (NP a research firm) ,) (VP estimated (SBAR 0 (S (S (NP-SBJ the Digital) (VP gets (NP (NP 30 %) (PP of (NP its revenue))) (PP-CLR from (NP the manufacturing market)))) , and (S (NP-SBJ Hewlett-Packard) (VP gets (NP 50 %))))))) .)) (TOP (S (NP-SBJ-2 (NP IBM) , (SBAR (WHNP-1 which) (S (NP-SBJ Gartner Group) (VP said (SBAR 0 (S (NP-SBJ *T*-1) (VP generates (NP (NP 22 %) (PP of (NP its revenue))) (PP-LOC in (NP this market)))))))) ,) (VP should (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP take (NP advantage) (PP-CLR of (NP (NP its loyal following) (PP-LOC among (NP (NP buyers) (PP of (NP equipment)))))))))))) .)) (TOP (S (NP-SBJ That) (VP is (SBAR-PRP-PRD because (S (S (NP-SBJ many companies) (VP will (VP standardize (PP on (NP (NP certain types) (PP of (NP equipment)))) (SBAR-TMP as (S (NP-SBJ (NP the various parts) (PP of (NP the manufacturing market))) (VP merge)))))) , and (S (NP-SBJ IBM) (VP is (NP-PRD the biggest player)))))) .)) (TOP (S But (NP-SBJ much) (VP will (VP depend (PP-CLR on (SBAR-NOM (WHADVP-1 how quickly) (S (NP-SBJ IBM) (VP can (VP move (ADVP-MNR *T*-1)))))))) .)) (TOP (S (NP-SBJ-2 (NP The whole idea) (PP of (NP (NP computer-integrated manufacturing) , (NP CIM) ,))) (VP seems (S (NP-SBJ *-2) (VP to (VP be (VP making (NP a comeback))))) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP losing (NP a little luster) (PP-TMP over (NP (NP the past couple) (PP of (NP years)) (SBAR (WHADVP-4 when) (S (NP-SBJ (NP it) (SBAR *EXP*-3)) (VP became (ADJP-PRD apparent) (SBAR-3 that (S (NP-SBJ it) (VP was n't (NP-PRD (NP a panacea) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP (VP make (S (NP-SBJ U.S. plants) (ADJP-PRD more efficient))) and (VP banish (NP foreign competition)))))))))) (ADVP-TMP *T*-4)))))))))) .)) (TOP (S (S (NP-SBJ (NP Erik Keller) , (NP a Gartner Group analyst) ,) (VP said (SBAR 0 (S (NP-SBJ-1 organizational changes) (VP may (ADVP-TMP still) (VP be (VP required (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP (ADVP really) take (NP (NP advantage) (PP of (NP (NP CIM 's) capabilities))))))))))))) -- (S (NP-SBJ-2 (NP someone) (PP-LOC on (NP the shop floor))) (VP (VP may not (VP like (S (NP-SBJ *-2) (VP having (S (NP-SBJ-3 someone) (PP-LOC in (NP an office)) (VP using (NP a personal computer) (S-CLR (NP-SBJ *-3) (VP to (VP look (PP-DIR over (NP his shoulder))))))))) , (PP for (NP instance)) ,)) and (VP may (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP prevent (NP that) (PP-CLR from (NP happening)))))))))) .)) (TOP (S But (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ (NP a system) (PP such as (NP IBM 's))) (VP should (VP help (ADVP-MNR significantly)))))) .)) (TOP (S (PP In (S-NOM (NP-SBJ *) (VP making (NP polyethylene sheets) (ADVP out (PP of (NP plastic chips)))))) , (PP for (NP instance)) , (NP-SBJ-1 a chip) (ADVP-TMP sometimes) (VP (VP does n't (VP melt)) , (VP gets (VP caught (NP *-1) (PP-LOC in (NP the machinery)))) and (VP creates (NP (NP a run) (PP-LOC in (NP the sheets))))) .)) (TOP (S (NP-SBJ That) (VP can (VP be (ADJP-PRD expensive) , (SBAR-PRP because (S (S (NP-SBJ-1 the problem) (VP may not (VP be (VP noticed (NP *-1) (PP-TMP for (NP a while)))))) , and (S (NP-SBJ-2 the sheets) (VP are (ADVP typically) (VP thrown (NP *-2) (ADVP-CLR away)))))))) .)) (TOP (S But (NP-SBJ Mr. Keller) (VP said (SBAR that , (S (SBAR-ADV if (S (NP-SBJ-1 computers) (VP can (VP be (VP integrated (NP *-1) (PP-CLR into (NP the process))))))) , (NP-SBJ they) (VP could (VP alert (NP an operator) (ADVP-TMP (ADVP as soon) (SBAR as (S (NP-SBJ the problem) (VP occurred))))))))) .)) (TOP (S (NP-SBJ-3 They) (VP could (ADVP also) (VP check (PP-CLR through (NP (NP the orders) (PP-LOC on (NP file)))) (S-PRP (NP-SBJ *-3) (VP to (VP find (NP (NP a customer) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP was (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP accept (NP (NP a lower grade) (PP of (NP polyethylene)))))))))))))))) .)) (TOP (S (NP-SBJ The computer) (VP would (VP let (S (NP-SBJ the machine) (VP run)) (SBAR-TMP just until (S (NP-SBJ-1 that order) (VP was (VP filled (NP *-1))))) , (S-ADV (NP-SBJ *) (VP eliminating (NP waste))))) .)) (TOP (S (NP-SBJ-1 (NP This sort) (PP of (NP improved link))) (VP figures (S (NP-SBJ *-1) (VP to (ADVP-TMP eventually) (VP become (NP-PRD (NP a significant weapon) (PP for (NP some companies))))))) .)) (TOP (S (NP-SBJ-2 Companies) (VP might (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP tell (NP salespeople) (ADVP-TMP daily) , (PP for (NP instance)) , (PP-CLR about (NP idle equipment)) , (SBAR-PRP so (S (NP-SBJ they) (VP could (VP offer (NP (NP discounts) (PP on (SBAR-NOM (WHNP-1 whatever) (S (NP-SBJ that equipment) (VP produces (NP *T*-1)))))))))))))))) .)) (TOP (S (NP-SBJ Salespeople) (ADVP also) (VP could (VP get (NP (NP a precise reading) (PP on (SBAR-NOM (WHADVP-2 when) (S (NP-SBJ-1 products) (VP could (VP be (VP delivered (NP *-1) (ADVP-TMP *T*-2)))))))) -- (PP-MNR in (NP (NP much the same way) (SBAR (WHADVP-4 that) (S (NP-SBJ Federal Express) (VP has (VP marketed (NP its ability (S (NP-SBJ *) (VP to (VP tell (SBAR (WHADVP-3 exactly where) (S (NP-SBJ a package) (VP is (ADVP-LOC-PRD *T*-3) (PP-LOC in (NP the delivery system))))))))) (ADVP-MNR *T*-4))))))))) .)) (TOP (S (NP-SBJ (NP (NP Ford Motor Co. 's) Merkur) , (NP (NP (NP the company 's) first new car franchise) (PP-LOC in (NP the U.S.)) (SBAR-TMP since (S (NP-SBJ-1 the Edsel) (VP was (VP unveiled (NP *-1) (PP-TMP in (NP 1957))))))) ,) (ADVP-TMP now) (VP will (VP share (NP (NP Edsel 's) fate))) .)) (TOP (S (NP-SBJ Ford) (VP said (NP-TMP yesterday) (SBAR 0 (S (NP-SBJ it) (VP will (VP halt (NP (NP imports) (PP of (NP (NP the Merkur Scorpio) , (NP (NP a (ADJP $ 28,000 *U*) luxury sedan) (VP built (NP *) (PP by (NP-LGS (NP Ford) (PP of (NP Europe)))) (PP-LOC in (NP West Germany)))))))))))) .)) (TOP (S (NP-SBJ-1 The cars) (VP are (VP sold (NP *-1) (PP under (NP (NP a separate franchise) (PP with (NP (NP its own sign) (PP-LOC in (NP (NP front) (PP of (NP Lincoln-Mercury dealers)))))))) -- (SBAR-ADV as (S (NP-SBJ-4 *) (VP opposed (NP *-4) (PP-CLR to (NP (NP (NP new models) (PP such as (NP Taurus or Escort))) , (SBAR (WHNP-3 which) (S (NP-SBJ-2 *T*-3) (VP are (VP sold (NP *-2) (PP under (NP existing Ford divisions))))))))))))) .)) (TOP (S (NP-SBJ (NP The move (S (NP-SBJ *) (VP to (VP halt (NP imports))))) (PRN -- (VP announced (NP *) (SBAR-TMP (NP (NP (NP 29 years) and (NP 11 months)) (PP to (NP the day))) after (S (NP-SBJ Henry Ford II) (VP declared (SBAR that (S (NP-SBJ-1 (NP the Edsel division) and (NP its gawky car)) (VP would (VP be (VP scrapped (NP *-1)))))))))) --)) (VP kills (NP the four-year-old Merkur brand) (PP-LOC in (NP the U.S. market))) .)) (TOP (S (NP-SBJ-2 It) (VP will (VP continue (S (NP-SBJ-1 *-2) (VP to (VP be (VP sold (NP *-1) (PP-LOC in (NP the European market)))))))) .)) (TOP (S (NP-SBJ (NP Merkur 's) death) (VP is n't (ADJP-PRD (ADJP nearly as costly) (PP to (NP Ford)) (SBAR as (SINV (VP was (ADJP-PRD *?*)) (NP-SBJ the Edsel debacle)))) , (SBAR-PRP because (S (NP-SBJ Merkur) (VP was (NP-PRD (NP a (ADJP relatively low-budget) project) (PP with (NP limited sales goals))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP Merkur 's) demise) (VP is (NP-PRD a setback) (PP for (NP Ford)) (PP-TMP at (NP (NP a time) (SBAR (WHADVP-1 when) (S (NP-SBJ (NP (NP the company 's) image) (PP as (NP (NP the U.S. auto maker) (PP with (NP the golden touch))))) (VP is (VP showing (NP (NP signs) (PP of (NP strain))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (S (NP-SBJ (NP The No. 2 auto maker 's) new Thunderbird and Mercury Cougar models) (VP have n't (VP met (NP sales expectations) (PP-TMP in (NP (NP the year) (SBAR-TMP since (S (NP-SBJ-1 they) (VP were (VP introduced (NP *-1)))))))))) , and (S (NP-SBJ (NP Ford 's) trucks) (VP are (VP losing (NP ground) (PP to (NP their GM rivals))))) .)) (TOP (S (NP-TMP This fall) , (NP-SBJ Ford) (VP introduced (NP (NP (QP only one) new product) : (NP (NP A restyled version) (PP of (NP its hulking Lincoln Town Car luxury model))))) .)) (TOP (S (NP-SBJ (NP The demise) (PP of (NP (NP Merkur) (PRN -LRB- (VP pronounced (NP *) (NP-MNR mare-COOR)) -RRB-)))) (VP comes (PP-TMP after (NP (NP a September) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 670 Merkur dealers) (VP managed (S (NP-SBJ *-1) (VP to (VP sell (NP (QP only 93) Scorpios) (PP-TMP *T*-2)))))))))) .)) (TOP (S (NP-SBJ (NP Total Merkur sales) (PP for (NP the first nine months))) (VP dropped (NP-EXT 46 %) (PP-DIR from (ADVP-TMP (NP a year) ago)) (PP-DIR to (NP (QP just 6,320) cars))) .)) (TOP (S (NP-SBJ Merkur) (VP is n't (NP-PRD (NP the only European luxury brand) (VP having (NP problems) (PP-LOC in (NP the U.S))))) .)) (TOP (S (NP-SBJ (NP The Japanese assault) (PP on (NP the luxury market))) (VP is (VP (ADVP-MNR rapidly) overshadowing (NP (NP such European makes) (PP as (NP (NP Audi and Saab) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP at least) (VP have (NP clear brand images))))))))) .)) (TOP (S (NP-SBJ Merkur) , (PP as (NP (NP an import) (PP-LOC on (NP domestic car lots)))) , (VP suffered (PP-CLR from (NP (NP the same sort) (PP of (NP (NP image confusion) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (VP hobbling (NP (NP sales) (PP of (NP imports))) (PP-LOC at (NP (NP General Motors Corp.) and (NP Chrysler Corp)))))))))))) .)) (TOP (S (NP-SBJ-3 Merkur) (VP was (ADVP originally) (VP aimed (NP *-3) (PP-CLR at (S-NOM (NP-SBJ *) (VP enticing (PP-CLR into (NP Lincoln-Mercury dealerships)) (NP (NP the kind) (PP of (NP young , affluent buyers)) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP would n't (VP be (VP caught (NP-4 *-1) (S-ADV (NP-SBJ *-4) (ADJP-PRD dead)) (PP-LOC in (NP (NP a Town Car) --) (NP (NP a vehicle) (ADJP (ADJP so bargelike) (SBAR that (S (NP-SBJ Ford) (VP is (VP staging (NP (NP a press event) (VP *ICH*-5)) (NP-TMP next month) (VP-5 linking (NP (NP the Town Car 's) launch) (PP-CLR to (NP (NP the commissioning) (PP of (NP a new aircraft carrier)) (PP-LOC in (NP (NP Norfolk) , (NP Va)))))))))))))))))))))))) .)) (TOP (S But (NP-SBJ the brand) (VP had (NP trouble) (PP from (NP the start))) .)) (TOP (S (NP-SBJ (NP The first Merkur) , (NP the XR4Ti) ,) (VP went (PP-CLR on (NP sale)) (PP-TMP in (NP early 1985))) .)) (TOP (S (NP-SBJ The sporty coupe) (VP foundered (SBAR-PRP (PP in (NP part)) because (S (NP-SBJ American buyers) (VP did n't (VP go (PP-CLR for (NP (NP the car 's) unusual double-wing rear spoiler))))))) .)) (TOP (S (PP-TMP In (NP May 1987)) , (NP-SBJ-1 Ford) (VP began (S (NP-SBJ *-1) (VP importing (NP (NP the Scorpio sedan) (SBAR *ICH*-3)) (PP-DIR from (NP West Germany)) (SBAR-3 (WHNP-2 0) (S (NP-SBJ *) (VP to (VP sell (NP *T*-2) (ADVP-LOC next (PP to (NP a redesigned XR4Ti))) (PP-LOC in (NP showrooms))))))))) .)) (TOP (S (S (NP-SBJ Ford officials) (VP said (SBAR 0 (S (NP-SBJ they) (VP expected (SBAR 0 (S (NP-SBJ the two Merkurs) (VP would (VP sell (NP (NP (QP about 15,000) cars) (NP-ADV a year))))))))))) , and (S (PP-TMP in (NP 1988)) (NP-SBJ they) (VP reached (NP that goal) , (SBAR-ADV as (S (NP-SBJ sales) (VP hit (NP 15,261 cars)))))) .)) (TOP (S (NP-SBJ It) (VP was (ADVP-PRD downhill) (PP from (NP there)) , (ADVP however)) .)) (TOP (S (NP-SBJ One major factor) (VP was (NP-PRD (NP the decline) (PP of (NP the dollar)) (PP against (NP the mark)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP began (PP-TMP (NP (QP less than a) year) after (NP (NP Merkur 's) 1985 launch))))))) .)) (TOP (SINV (SBAR-TMP As (S (NP-SBJ the West German currency) (VP rose))) , (ADVP-PRD-TPC-1 so) (VP did (ADVP-PRD *T*-1)) (NP-SBJ Merkur prices) .)) (TOP (S (S-TPC-1 (NP-SBJ The Merkur cars) (ADVP also) (VP suffered (PP-CLR from (NP spotty quality)))) , (NP-SBJ some dealers) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP was (PP-PRD like (NP (NP a comedy) (PP of (NP errors)))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Martin J. `` Hoot '' McInerney) , (NP (NP a big dealer) (SBAR (WHNP-1 (WHNP whose Star Lincoln-Mercury-Merkur operation) (PP-LOC in (NP (NP Southfield) , (NP Mich.) ,))) (S (NP-SBJ *T*-1) (VP sold (NP (NP more XR4Ti 's) (PP than (NP any other dealership)))))))) .)) (TOP (S (S-TPC-1 But (PP-TMP by (NP (NP the third quarter) (PP of (NP 1988)))) , (NP-SBJ Scorpios) (VP had (NP a high satisfaction rating) (PP-LOC in (NP internal Ford studies)))) , (NP-SBJ a spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP Apparently) , (ADVP however) , (NP-SBJ the improvement) (VP came (ADVP-TMP too late)) .)) (TOP (S (NP-TMP Last fall) , (NP-SBJ Ford) (VP announced (SBAR 0 (S (NP-SBJ it) (VP would (VP discontinue (NP the XR4Ti) (PP-LOC in (NP the U.S.)) (PP-TMP at (NP (NP the end) (PP of (NP the 1989 model year))))))))) .)) (TOP (S (NP-SBJ Ford) (VP said (ADVP-TMP then) (SBAR 0 (S (NP-SBJ it) (VP would (VP keep (NP the Scorpio)))))) .)) (TOP (S (S (NP-TMP This year) , (NP-SBJ Scorpio sales) (VP plummeted)) , and (S (PP at (NP the current sales pace)) (NP-SBJ (NP it) (S *EXP*-1)) (VP would (VP take (NP Ford) (NP 242 days) (S-1 (NP-SBJ *) (VP to (VP sell (PRT off) (NP (NP the current Scorpio inventory) (PP of (NP (QP about 4,600) cars))))))))) .)) (TOP (S (NP-SBJ Canadian Pacific Ltd.) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP proposed (S (NP-SBJ *-2) (VP acquiring (NP (NP the 44 %) (PP of (NP Soo Line Corp.)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP does n't (ADVP-TMP already) (VP own (NP *T*-1)))))) (PP-CLR for (NP (NP (NP $ 19.50 *U*) (NP-ADV a share)) , or (NP (QP about $ 81.9 million) *U*))))) , (PP-TMP after (S-NOM (NP-SBJ-3 *-2) (VP failing (S (NP-SBJ *-3) (VP to (VP find (NP (NP a buyer) (PP for (NP its majority stake)))))) (NP-TMP earlier this year)))))))) .)) (TOP (S (NP-SBJ Soo Line) (VP said (SBAR 0 (S (NP-SBJ its board) (VP appointed (NP (NP a special committee) (PP of (NP independent directors)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP study (NP the proposal)))))))))) .)) (TOP (S (NP-SBJ The troubled Minneapolis-based railroad concern) (VP said (SBAR 0 (S (NP-SBJ the committee) (VP has (NP the authority (S (NP-SBJ *) (VP to (VP hire (NP (NP (ADJP financial and legal) advisers) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP assist (NP it)))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The proposed acquisition) (VP will (VP be (ADJP-PRD subject (PP to (NP (NP approval) (PP by (NP the Interstate Commerce Commission)))))))) , (NP-SBJ Soo Line) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ-1 Soo Line shares) (VP jumped (PP-DIR well above (NP the proposed price)) , (S-ADV (NP-SBJ *-1) (VP closing (PP-CLR at (NP $ 20.25 *U*)) , (ADVP up (NP $ 2.75 *U*))))) .)) (TOP (S (NP-SBJ Canadian Pacific) (VP (VP put (NP (NP its (ADJP 56 %) stake) (PP-LOC in (NP Soo Line))) (PP-CLR up (PP for (NP sale))) (NP-TMP last year)) but (VP could n't (VP find (NP any takers)))) .)) (TOP (S (NP-SBJ (NP Canadian Pacific) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP interests) (PP in (NP (NP transportation) , (NP telecommunications) , (NP forest products) , (NP energy) and (NP real estate)))))) ,)) (ADVP-TMP finally) (VP took (NP its majority block) (PP-CLR off (NP the market)) (NP-TMP this spring)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP turned (PRT out) (SBAR 0 (S (NP-SBJ we) (VP could n't (VP sell (NP it))))))) , '' (NP-SBJ-2 a Canadian Pacific official) (VP said (S *T*-1) , (S-ADV (NP-SBJ *-2) (VP adding (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP acquiring (NP (NP the remainder) (PP of (NP Soo Line))))) (VP is (ADVP-TMP now) `` (NP-PRD (NP the best way) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP rationalize (NP operations) (ADVP-MNR *T*-3)))))))))))) . '')) (TOP (S (NP-SBJ Canadian Pacific) (VP (VP is (NP-PRD (NP Soo Line 's) biggest customer)) and (VP has (VP owned (NP (NP a majority stake) (PP-LOC in (NP the U.S. railroad))) (PP-TMP since (NP 1947))))) .)) (TOP (S (S (NP-SBJ Canadian Pacific and Soo Line tracks) (VP connect (PP-LOC at (NP (NP two points) (PP-LOC in (NP the West)) (PP-LOC on (NP the Canada-U.S. border)))))) and (S (NP-SBJ the two companies) (VP operate (NP a (ADJP very successful) Chicago-Montreal rail service))) .)) (TOP (S (ADVP Separately) , (PP for (NP the first nine months)) , (NP-SBJ Soo Line) (VP reported (NP (NP a loss) (PP of (NP (NP $ 398,000 *U*) , or (NP (NP four cents) (NP-ADV a share)) ,)) (PP compared (PP with (NP (NP net income) (PP of (NP (NP (QP $ 12.5 million) *U*) , or (NP (NP $ 1.32 *U*) (NP-ADV a share)) ,)) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Revenue) (VP fell (NP-EXT 5.8 %) (PP-DIR to (NP (QP $ 407.9 million) *U*)) (PP-DIR from (NP (QP $ 433.2 million) *U*))) .)) (TOP (S (NP-SBJ The company) (VP had (NP (NP a loss) (PP from (NP operations)) (PP of (NP (QP $ 1.7 million) *U*)))) .)) (TOP (S (NP-SBJ Golden Nugget Inc.) (VP reported (NP (NP a third-quarter net loss) (PP of (NP (NP (QP $ 13.1 million) *U*) , or (NP (NP 76 cents) (NP-ADV a share)) ,)) (PP based (PP on (NP (QP 17.2 million) (NX (NX common shares) and (NX (NX dilutive equivalents) (ADJP outstanding)))))))) .)) (TOP (S (NP-SBJ The results) (VP compare (PP with (NP (NP a year-earlier net loss) (PP of (NP (NP (QP $ 1.5 million) *U*) , or (NP (NP seven cents) (NP-ADV a share)))) , (PP based (PP on (NP (QP 20.3 million) (NX (NX common) and (NX (NX dilutive equivalents) (ADJP outstanding))))))))) .)) (TOP (S (NP-SBJ Operating revenue) (VP rose (NP-EXT 25 %) (PP-DIR to (NP (QP $ 52.1 million) *U*)) (PP-DIR from (NP $ 41.8 million *U*) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ (NP Results) (PP for (NP the latest quarter))) (VP include (NP (NP nonoperating items) (PP of (NP (NP $ 23.9 million *U*) , versus (NP (NP $ 8.4 million *U*) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP the expenses))) (VP stem (PP-CLR from (NP (NP (NP (NP the company 's) huge Mirage resort-casino) (VP scheduled (S (NP-SBJ *) (VP to (VP open (NP-TMP next month) (PP-LOC along (NP the Strip))))))) , and (NP (NP an April 1989 financing) (PP by (NP (NP units) (VP operating (NP the downtown Golden Nugget property)))))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ Golden Nugget) (VP reported (NP (NP a net loss) (PP of (NP (NP (QP $ 11.4 million) *U*) , or (NP (NP 69 cents) (NP-ADV a share)))) , (PP based (PP on (NP (QP 16.6 million) (NX (NX common) and (NX (NX dilutive equivalents) (ADJP outstanding)))))))) .)) (TOP (S (ADVP-TMP (NP The year) earlier) , (NP-SBJ the company) (VP had (NP (NP a net loss) (PP of (NP (NP (QP $ 4.3 million) *U*) , or (NP (NP 20 cents) (NP-ADV a share)))) , (PP based (PP on (NP (QP 21 million) (NX (NX common shares) and (NX (NX dilutive equivalents) (ADJP outstanding)))))))) .)) (TOP (S (NP-SBJ The 1988 results) (VP include (NP (NP a (ADJP (QP $ 10.7 million) *U*) charge) (VP stemming (PP-CLR from (NP a litigation judgment))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ the casino operator) (VP said (SBAR 0 (S (NP-SBJ its board) (VP approved (NP a plan (S (NP-SBJ *) (VP to (VP buy-back (NP (QP as many as three million) common shares) (PP-TMP (PP from (NP time)) (PP to (NP time))) , (PP either (PP-LOC in (NP the open market)) or (PP through (NP private transactions))))))))))) .)) (TOP (S (NP-SBJ-1 An additional 299,000 shares) (VP are (VP authorized (NP *-1) (PP-CLR for (NP repurchase)) (PP-LOC under (NP an earlier stock buy-back program)))) .)) (TOP (S (NP-SBJ (NP John Uphoff) , (NP (NP an analyst) (PP with (NP Raymond James & Associates))) ,) (VP (VP said (SBAR 0 (S (NP-SBJ the results) (VP were n't (ADJP-PRD surprising))))) , and (VP attributed (NP the buy-back) (PP-CLR to (NP (NP (NP management 's) confidence) (PP in (NP (NP (NP the Mirage 's) ability (S (NP-SBJ *) (VP to (VP generate (NP strong cash flow))))) (PP-TMP in (NP 1990)))))))) .)) (TOP (S (NP-TMP Yesterday) , (PP-LOC in (NP New York Stock Exchange composite trading)) , (NP-SBJ Golden Nugget common) (VP closed (PP-CLR at (NP $ 28.25 *U*)) , (ADVP up (NP $ 2 *U*))) .)) (TOP (S (NP-SBJ Capital Holding Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP requested and received (NP (NP the resignation) (PP of (NP (NP John A. Franco) , (NP its vice chairman) ,)) (PP as (NP (NP (NP an officer) and (NP a director)) (PP of (NP the life insurance holding company))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ Mr. Franco) (VP developed (NP a plan (S (NP-SBJ *) (VP to (VP establish (NP (NP a business) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP be (ADJP-PRD competitive (PP with (NP (NP (NP Capital Holding Corp. 's) Accumulation and Investment Group) , (SBAR (WHNP-2 which) (S (NP-SBJ Mr. Franco) (VP headed (NP *T*-2)))))))))))))))))))) .)) (TOP (S (NP-SBJ The group) (ADVP-TMP temporarily) (VP will (VP report (PP-CLR to (NP (NP Irving W. Bailey II) , (NP (NP (NP chairman) , (NP president) and (NP chief executive officer)) (PP of (NP Capital Holding))))))) .)) (TOP (S (NP-SBJ (NP Mr. Franco) , (ADJP (NP 47 years) old) ,) (VP said (PP-LOC in (NP a telephone interview)) (SBAR (SBAR that (S (NP-SBJ he) (VP has (VP been (VP considering and discussing (NP (NP a number) (PP of (NP possible business ventures)))))))) , but (SBAR that `` (S (NP-SBJ nothing) (VP is (PP-LOC-PRD at (NP a mature stage))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-3 he) `` (VP did n't (VP argue (PP with '' (NP (NP the company 's) decision (S (NP-SBJ *) (VP to (VP seek (NP his resignation)))))) (SBAR-PRP because (S (S-NOM-SBJ (NP-SBJ *-3) (VP contemplating (NP outside business ventures))) (VP can (VP distract (NP-4 an executive) (PP-CLR from (S-NOM (NP-SBJ *-4) (VP performing (NP his best) `` (PP-LOC at (NP (NP the job) (SBAR (WHNP-1 0) (S (NP-SBJ-2 he) (VP is (VP paid (S (NP-SBJ *-2) (VP to (VP do (NP *T*-1)))))))))))))))))))))) . '')) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Martin H. Ruby) , (NP (NP a managing director) (PP of (NP (NP Capital Holding 's) Accumulation and Investment Group))) ,) (ADVP also) (VP resigned (S-PRP (NP-SBJ *-1) (VP to (VP pursue (NP other business interests)))))) , (NP-SBJ Capital Holding) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Mr. Ruby) , (NP 39) ,) (VP said (SBAR (SBAR that (S (NP-SBJ he) (VP had `` (NP an amicable parting) '' (PP with (NP Capital Holding))))) and (SBAR that (S (NP-SBJ he) (VP has `` (NP (NP a number) (PP of (NP ventures)) (PP-LOC in (NP the financial-services area))) '' (PP-CLR under (NP consideration))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR (SBAR that (S (NP-SBJ his resignation) (VP was (NP-PRD (NP a mutual decision) (PP with (NP Capital Holding management)))))) , but (SBAR that (S (NP-SBJ-1 he) (VP was n't (ADVP actually) (VP asked (NP-2 *-1) (S (NP-SBJ *-2) (VP to (VP resign))))))))) .)) (TOP (S (NP-SBJ The Accumulation and Investment Group) (VP (VP is (ADJP-PRD responsible (PP for (NP (NP the investment operations) (PP of (NP (NP all Capital Holding 's) insurance businesses)))))) and (VP markets (NP guaranteed investment contracts) (PP-CLR to (NP (NP bank trust departments) and (NP other institutions))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP sells (NP single-premium annuities) (PP-DTV to (NP individuals))) .)) (TOP (S (NP-SBJ Mr. Bailey) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP expects (S (NP-SBJ *-1) (VP to (VP name (NP (NP a new group president) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP head (NP that operation)))))) (PP-TMP following (NP the Nov. 8 board meeting))))))))) .)) (TOP (X @)) (TOP (NP (NP (NP Money Market Deposits) - (NP a)) (NP 6.23 %))) (TOP (NP (NP a) - (NP (NP Average rate) (VP paid (NP *) (NP-TMP yesterday) (PP by (NP-LGS (NP 100 large banks and thrifts) (PP-LOC in (NP the 10 largest metropolitan areas)))) (SBAR-ADV as (S (NP-SBJ-1 *) (VP compiled (NP *-1) (PP by (NP-LGS Bank Rate Monitor))))))) .)) (TOP (NP (NP b) - (NP Current annual yield) .)) (TOP (NP (NP Guaranteed minimum) (NP 6 %) .)) (TOP (S -LRB- (PP-TMP During (NP its centennial year)) , (NP-SBJ The Wall Street Journal) (VP will (VP report (NP (NP events) (PP of (NP the past century)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stand (PP-CLR as (NP (NP milestones) (PP of (NP American business history)))))))))) . -RRB-)) (TOP (S (NP-SBJ (NP PLASTIC PENCILS) , (VP CODE-NAMED (S (NP-SBJ *) (NP-PRD E-71))) ,) (VP made (NP their hush-hush debut) (PP-LOC in (NP (NP children 's) pencil boxes)) (PP-LOC at (NP five-and-dime stores)) (PP-TMP in (NP 1973))) .)) (TOP (S (S But (NP-SBJ few) (VP knew (NP it) (ADVP-TMP then))) and (S (NP-SBJ most) (ADVP-TMP still) (VP think (SBAR 0 (S (NP-SBJ all pencils) (VP are (ADJP-PRD wooden)))))) .)) (TOP (S (NP-SBJ (NP Eagle Pencil) (PP of (NP (NP (NP Shelbyville) , (NP Tenn.) ,) `` (NP Pencil City U.S.A.)))) , '' (VP had (VP made (NP its earliest pilot plastic pencils) (PP-TMP in (NP 1971)))) .)) (TOP (S-CLF But (NP-SBJ it) (VP was n't (PP-PRD until (SBAR after (S (NP-SBJ it) (VP hired (NP (NP Arthur D. Little) , (NP a (NAC-LOC Cambridge , Mass. ,) research concern) ,))))) (SBAR (WHADVP-2 that) (S (NP-SBJ-1 its new product) (VP was (VP refined (NP *-1) (PP for (NP commercial sale)) (PP-TMP in (NP 1973)) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ Three A.D.L. inventors) (VP applied (NP-TMP April 6 , 1973) , (PP-CLR for (NP (NP the patent) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP assigned and awarded (NP *-1) (PP-TMP in (NP 1976)) (PP-CLR to (NP (NP Hasbro Industries) , (ADVP-TMP then) (NP (NP Eagle 's) parent)))))))))) .)) (TOP (S (NP-SBJ Pencil pushers) (VP (VP chew (NP *RNR*-1)) and (VP put (NP *RNR*-1) (PP-PUT *ICH*-2)) (NP-1 the plastic models) (PP-2 behind (NP their ears)) (PP-MNR just like (NP (NP traditional pencils) (VP made (NP *) (PP-CLR of (NP (NP glued strips) (PP of (NP California incense cedar)) (VP filled (NP *) (PP-CLR with (NP ceramic lead))))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP (VP takes (NP-2 five steps) (S-1 (NP-SBJ *) (VP to (VP make (NP standard pencils))))) , (VP (NP=2 (QP just one)) (PP for (NP the plastic type)))) .)) (TOP (S (NP-SBJ Automated machines) (VP coextrude (NP (NP long plastic sheaths) (PP with (NP graphite-plastic cores)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP are (VP printed , cut , painted and eraser-fitted (NP *-2))))))) .)) (TOP (SINV `` (S-TPC-2 (PP-TMP After (NP (QP more than 200) years)) , (NP-SBJ (NP something) (ADJP new)) (VP has (VP happened (PP-CLR to (NP pencils))))) , '' (VP said (S *T*-2)) (NP-SBJ Arthur D. Little) (PP-LOC in (NP (NP a 1974 report) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (ADVP-MNR publicly) described (NP the (ADJP previously secret) item)))))) .)) (TOP (S (NP-SBJ (NP Eagle 's) plastic type) (VP sharpens and looks (PP-CLR like (NP a wooden pencil))) .)) (TOP (S (NP-SBJ A major difference) (VP is (SBAR-PRD that (S (NP-SBJ a snapped wooden pencil) (VP will (VP have (NP a slivered break) (SBAR-ADV while (S (NP-SBJ a plastic model) (VP will (VP break (ADVP-MNR cleanly)))))))))) .)) (TOP (S (NP-SBJ (NP The softness) (PP of (NP the core))) (VP constrains (NP the plastic models) (PP-CLR to (NP (NP (ADJP No. 1 , No. 2 or No. 3-type) pencils) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP account (PP-CLR for (NP (NP the bulk) (PP of (NP the market)))))))))) .)) (TOP (S (NP-SBJ Artists and draftsmen) (VP need (NP harder `` leads)) . '')) (TOP (S (NP-SBJ (NP Eagle) , (VP (ADVP-TMP now) called (S (NP-SBJ *) (NP-PRD Eagle-Berol))) ,) (VP remains (NP-PRD (NP a leading company) (PP-LOC among (NP (NP the 10) (PP-LOC in (NP the U.S.)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP produced (NP (QP about 2.3 billion) pencils) (NP-TMP last year))))))) , (PP according (PP to (NP the Pencil Makers Association)))) .)) (TOP (S (S (NP-SBJ (NP It) (SBAR *EXP*-3)) (VP 's (NP-PRD a trade secret) (SBAR-3 (WHNP-1 how many) (S (NP-SBJ *T*-1) (VP were (NP-PRD plastic)))))) , and (S (NP-SBJ most writers) (ADVP-TMP still) (VP do n't (VP know (SBAR (WHNP-2 what) (S (NP-SBJ they) (VP 're (VP using (NP *T*-2)))))))) .)) (TOP (S (NP-SBJ (NP H.F. Ahmanson & Co.) , (NP (NP the nation 's) largest thrift holding company) ,) (VP posted (NP a (ADJP 12 %) earnings decline) (PP for (NP the third quarter)) (SBAR-ADV while (S (NP-SBJ (NP another large California savings and loan) , (NP Great Western Financial Corp.) ,) (VP reported (NP a slight earnings gain))))) .)) (TOP (S (NP-SBJ (NP H.F. Ahmanson) , (NP (NP parent) (PP of (NP (NP Home Savings) (PP of (NP America))))) ,) (VP reported (NP (NP third-quarter net) (PP of (NP (NP (NP (QP $ 49.2 million) *U*) , or (NP (NP 50 cents) (NP-ADV a share)) ,) (ADVP down (PP from (NP (NP (QP $ 56.1 million) *U*) , or (NP (NP 57 cents) (NP-ADV a share)) ,) (PP-TMP in (NP the year-earlier period)))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP Most) (PP of (NP the earnings decline))) (VP reflected (NP (NP an increase) (PP-LOC in (NP (NP the company 's) effective tax rate)) (PP to (NP 44 %)) (PP from (NP 37 %)) (PP-TMP in (NP (NP the year-ago third quarter) (SBAR (WHADVP-2 when) (S (NP-SBJ-1 nonrecurring tax credits) (VP were (VP recorded (NP *-1) (ADVP-TMP *T*-2)))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Pretax earnings) (VP declined (NP-EXT 1.3 %)) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ (ADJP Los Angeles-based) H.F. Ahmanson) (VP had (NP (NP profit) (PP of (NP (NP (NP (QP $ 128.1 million) *U*) , or (NP (NP $ 1.29 *U*) (NP-ADV a share)) ,) (NP (NP a (ADJP 4.6 %) decline) (PP from (NP (NP earnings) (PP of (NP (NP (QP $ 134.2 million) *U*) (PP-TMP in (NP the year-ago nine months))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ the decline) (VP was (ADJP-PRD attributable (PP to (NP (NP a (ADJP 79 %) reduction) (PP-LOC in (NP (NP net gains) (PP on (NP loan sales)))) (NP-TMP this year)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Third-quarter spreads) (VP widened (PP-DIR to (NP (NP the highest level) (PP-TMP in (NP two years)))) (SBAR-TMP as (S (S (NP-SBJ loan portfolio yields) (VP rose)) and (S (NP-SBJ money costs) (VP declined)))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Great Western Financial) (VP said (SBAR 0 (S (NP-SBJ third-quarter profit) (VP rose (ADVP slightly) (PP-DIR to (NP (NP (QP $ 68.4 million) *U*) , or (NP (NP 52 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (NP (QP $ 67.9 million) *U*) , or (NP (NP 53 cents) (NP-ADV a share)) ,) (PP-TMP from (ADVP (NP a year) ago)))))))) .)) (TOP (S (NP-SBJ (NP Great Western) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Beverly Hills) , (NP Calif.)))) ,) (VP is (NP-PRD (NP a financial services firm) and (NP (NP parent) (PP to (NP (NP Great Western Bank) , (NP an S&L)))))) .)) (TOP (S (NP-SBJ Great Western) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (NP (NP a sharp increase) (PP-LOC in (NP margins))) (PP-TMP in (NP the recent third quarter)))))) .)) (TOP (S (NP-SBJ Margins) (VP are (NP-PRD (NP the difference) (PP between (NP (NP (NP the yield) (PP on (NP (NP the company 's) earning assets))) and (NP (NP its own cost) (PP of (NP funds))))))) .)) (TOP (S (S-TPC-1 But (NP-SBJ (NP (NP a reduction) (PP-LOC in (NP (NP one-time gains) (PP on (NP (NP the sale) (PP of (NP various assets))))))) and (NP (NP an increase) (PP-LOC in (NP (NP (NP the company 's) provision) (PP for (NP loan losses)))))) (VP held (PRT down) (NP the earnings gain))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP (NP Great Western 's) provision) (PP for (NP loan losses))) (VP was (VP increased (NP *-1) (PP-DIR to (NP (NP (QP $ 27.9 million) *U*) (PP for (NP the recent quarter)) (PP compared (PP with (NP (NP (QP $ 21.8 million) *U*) (ADVP-TMP (NP a year) ago)))))) (PP-PRP primarily as (NP (NP a result) (PP of `` (NP (NP continued weakness) (PP-LOC in (NP (NP various (UCP commercial and multifamily) real estate markets) (PP-LOC outside (NP California)))))))))) . '')) (TOP (S (PP For (NP the nine months)) (NP-SBJ Great Western) (VP posted (NP (NP net) (PP of (NP (NP (NP (QP $ 177.5 million) *U*) , or (NP (NP $ 1.37 *U*) (NP-ADV a share)) ,) (NP (NP a (ADJP 5.9 %) decline) (PP from (NP (NP (NP (QP $ 188.7 million) *U*) , or (NP (NP $ 1.48 *U*) (NP-ADV a share)) ,) (PP-TMP in (NP the year-ago period))))))))) .)) (TOP (S (NP-SBJ Dun & Bradstreet Corp.) (VP posted (NP (NP a (ADJP 15 %) rise) (PP-LOC in (NP third-quarter earnings)))) .)) (TOP (S But (NP-SBJ revenue) (VP declined (NP-EXT (QP more than 2) %) , (S-ADV (NP-SBJ *) (VP reflecting (PP in (NP part)) (NP (NP a continuing drop) (PP-LOC in (NP (NP sales) (PP of (NP credit services)))) (PP-LOC in (NP (NP the wake) (PP of (NP (NP controversy) (PP over (NP (NP the company 's) sales practices)))))))))) .)) (TOP (S (NP-SBJ The information company) (ADVP also) (VP cited (NP (NP the stronger dollar) , (NP (NP the sale) (NP-TMP last year) (PP of (NP its former Official Airline Guides unit))) and (NP other factors))) .)) (TOP (S (NP-SBJ Net income) (VP rose (PP-DIR to (NP (NP a record (QP $ 155.3 million) *U*) , or (NP (NP 83 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 134.8 million) *U*) , or (NP (NP 72 cents) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP fell (PP-DIR to (NP (QP $ 1.04 billion) *U*)) (PP-DIR from (NP (QP $ 1.07 billion) *U*))) .)) (TOP (S (PP-LOC In (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange)) , (NP-SBJ Dun & Bradstreet) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 53.75 *U*)) , (ADVP down (NP (NP 25 cents) (NP-ADV a share)))) .)) (TOP (S (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ the results) (VP were (SBAR-PRD as (S (NP-SBJ-1 *) (VP expected (NP *-1))))))))) , but (S (NP-SBJ several) (VP added (SBAR that (S (NP-SBJ the earnings) (VP masked (NP (NP underlying weaknesses) (PP-LOC in (NP several businesses)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The quality) (PP of (NP earnings))) (VP was n't (ADJP-PRD (ADJP as high) (SBAR as (S (NP-SBJ I) (VP expected (S *?*))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Eric Philo) , (NP (NP an analyst) (PP for (NP Goldman , Sachs & Co)))) .)) (TOP (S-1 (PP For (NP example)) (PRN , (S (NP-SBJ he) (VP noted (SBAR 0 (S *T*-1)))) ,) (S (NP-SBJ operating profit) (VP was (ADJP-PRD (ADJP weaker) (SBAR than (S (NP-SBJ he) (VP had (VP anticipated (S *?*)))))))) , but (S (NP-SBJ-2 (NP (NP nonoperating earnings) (PP of (NP $ (QP 14.6 million) *U*))) and (NP a lower tax rate)) (VP helped (S (NP-SBJ *-2) (VP boost (NP net income))))) .)) (TOP (S (NP-SBJ Dun & Bradstreet) (VP said (SBAR 0 (S (NP-SBJ operating earnings) (VP rose (NP-EXT 8 %) , (PP excluding (NP (NP the sale) (PP of (NP Official Airline Guides)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Third-quarter sales) (PP of (NP U.S. credit services))) (VP were `` (PP-LOC-PRD (ADVP disappointingly) below (NP (NP sales) '' (PP of (ADVP-TMP (NP a year) earlier)))))) , (NP-SBJ Dun & Bradstreet) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-2 *) (ADVP-TMP previously) (VP reported (NP *-2)))) , (NP-SBJ those sales) (VP have (VP been (VP declining (NP-TMP this year) (PP-LOC in (NP (NP the wake) (PP of (NP allegations (SBAR that (S (NP-SBJ the company) (VP engaged (PP-CLR in (NP (NP unfair sales practices) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP encouraged (S (NP-SBJ customers) (VP to (VP overpurchase (NP services))))))))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP (VP has (VP denied (NP the allegations))) but (VP has (VP negotiated (NP (NP a proposed (ADJP $ 18 million *U*) settlement) (PP of (NP related lawsuits)))))) .)) (TOP (S (NP-SBJ Analysts) (VP predict (SBAR 0 (S (NP-SBJ the sales impact) (VP will (VP linger))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ There) (VP is n't (NP-PRD much question (SBAR 0 (S (NP-SBJ-1 there) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a ripple effect))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP John Reidy) , (NP (NP an analyst) (PP with (NP Drexel Burnham Lambert Inc)))) .)) (TOP (S (NP-SBJ Dun & Bradstreet) (VP noted (SBAR that (S (NP-SBJ (NP price competition) (PP-LOC in (NP its Nielsen Marketing Research , Nielsen Clearing House and Donnelley Marketing businesses))) (ADVP also) (VP restrained (NP revenue growth))))) .)) (TOP (S (NP-SBJ It) (VP cited (NP (NP cyclical conditions) (PP-LOC in (NP its (NP Moody 's) Investors Service Inc. and D&B Plan Services units)))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ net income) (VP rose (NP-EXT 19 %) (PP-DIR to (NP (NP (QP $ 449 million) *U*) , or (NP (NP $ 2.40 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 375.9 million) *U*) , or (NP (NP $ 2.01 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Year-earlier earnings) (VP reflected (NP (NP costs) (PP of (NP (QP $ 14.3 million) *U*)) (ADJP related (PP to (NP (NP the acquisition) (PP of (NP IMS International))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (ADVP slightly) (PP-DIR to (NP (QP $ 3.16 billion) *U*)) (PP-DIR from (NP (QP $ 3.13 billion) *U*))) .)) (TOP (S (NP-SBJ Control Data Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP licensed (NP its airline yield-management software) (PP-CLR to (NP the International Air Transport Association)))))) .)) (TOP (S (S (NP-SBJ Terms) (VP include (NP a royalty arrangement))) , but (S (NP-SBJ-1 details) (VP were n't (VP disclosed (NP *-1)))) .)) (TOP (S (NP-SBJ The computer equipment and financial services company) (VP said (SBAR 0 (S (NP-SBJ (NP IATA) , (NP a trade group) ,) (VP will (VP sell (NP (NP access) (PP to (NP the package))) (PP-DTV to (NP (NP its 180 airline members) (ADVP-LOC world-wide)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Control Data) (VP will (VP receive (NP (NP revenue) (VP linked (NP *) (PP-CLR to (NP (NP the number) (PP of (NP (NP passengers) (VP served (NP *) (PP by (NP-LGS the software)))))))))))) , (NP-SBJ IATA) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The package) (VP helps (S (NP-SBJ carriers) (VP solve (NP (NP pricing problems) , (PP such as (SBAR-NOM (SBAR (WHADVP-2 how) (S (NP-SBJ *) (VP to (VP react (PP-CLR to (NP (NP discounts) (VP offered (NP *) (PP by (NP-LGS competitors))))) (ADVP-MNR *T*-2))))) or (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP would (VP be (NP-PRD (NP the optimum number) (PP of (NP seats)) (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP offer (NP *T*-3) (PP at (NP a given price))))))))))))))))) .)) (TOP (S (NP-SBJ Wheeling-Pittsburgh Steel Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP decided (S (NP-SBJ *-1) (VP to (VP proceed (PP with (NP (NP installation) (PP of (NP automatic gauge and shape controls)) (PP-LOC at (NP (NP its 60-inch tandem cold rolling mill) (PP-LOC in (NP (NP Allenport) , (NP Pa)))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-3 (NP The new equipment) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP produce (NP (NP steel sheet) (PP with (NP (ADJP more uniform) thickness and flatness))))))) ,) (VP is (ADJP-PRD likely (S (NP-SBJ *-3) (VP to (VP cost (NP (QP more than $ 20 million) *U*))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ-2 the company) (ADVP last) (VP considered (S (NP-SBJ *-2) (VP adding (NP the equipment))) (ADVP-TMP (NP two years) ago) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP estimated (NP the cost) (PP-CLR at (NP (NP (QP $ 21 million) *U*) to (NP (QP $ 22 million) *U*))))) , but (S (NP-SBJ-3 a task force) (VP will (VP have (S (NP-SBJ *-3) (VP to (VP prepare (NP a detailed plan)))) (SBAR-TMP before (S (NP-SBJ the company) (VP can (VP predict (NP the current cost)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The time schedule) (PP for (S-NOM (NP-SBJ *) (VP installing (NP the equipment))))) (ADVP also) (VP will (VP be (VP developed (NP *-1) (PP by (NP-LGS the task force)))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 (NP Sir Richard Butler) , (NP (NP 60-year-old chairman) (PP of (NP Agricola (PRN -LRB- U.K . -RRB-) Ltd.))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP chairman) (PP of (NP (NP County NatWest Investment Management Ltd.) , (NP (NP the investment management subsidiary) (PP of (NP (NP County NatWest Ltd.) , (NP (NP the investment banking arm) (PP of (NP this British bank)))))))))))) .)) (TOP (S (NP-SBJ Sir Richard) (VP succeeds (NP (NP John Plastow) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP resigned (PP-TMP in (NP July))))))) .)) (TOP (S (NP-SBJ Sir Richard) (VP is (ADVP also) (NP-PRD (NP a non-executive director) (PP-LOC at (NP (NP National Westminister Bank) and (NP NatWest Investment Bank Ltd))))) .)) (TOP (S (PP-TMP In (NP (NP the long , frightening night) (PP-TMP after (NP (NP Tuesday 's) devastating earthquake)))) , (NP-SBJ Bay Area residents) (VP searched (PP-CLR for (NP comfort and solace)) (SBAR-LOC (WHADVP-1 wherever) (S (NP-SBJ they) (VP could (VP *?* (ADVP-LOC *T*-1)))))) .)) (TOP (S (NP-SBJ Some) (VP found (NP it) (PP-LOC on (NP (NP the screen) (PP of (NP a personal computer))))) .)) (TOP (S (NP-SBJ (NP Hundreds) (PP of (NP Californians))) (VP (VP made (NP their way) (PP-DIR to (NP their computers)) (PP-TMP after (NP the quake))) , and (VP checked (PRT in) (PP with (NP each other)) (PP-LOC on (NP (NP electronic bulletin boards) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP link (NP computers) (ADVP-MNR CB-radio-style) , (PP via (NP phone lines))))))))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP the (ADJP most vivid) bulletins))) (VP came (PP-DIR over (NP (NP The Well) , (NP (NP a (NAC-LOC Sausalito , Calif. ,) board) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP one) (PP of (NP (NP the liveliest outposts) (PP of (NP the electronic underground)))))))))))) .)) (TOP (S (NP-SBJ (NP About two-thirds) (PP of (NP (NP the Well 's) 3,000 subscribers))) (VP live (PP-LOC-CLR in (NP the Bay Area))) .)) (TOP (S (S (NP-SBJ The quake) (VP knocked (NP The Well) (PRT out) (PP-TMP for (NP six hours)))) , but (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP came (ADVP-CLR back) (ADJP-PRD up) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP teemed (PP-CLR with (NP emotional first-hand reports)))) .)) (TOP (SINV (VP Following) are (NP-SBJ (NP excerpts) (PP from (NP (NP the electronic traffic) (NP-TMP that night)))) .)) (TOP (S (S (NP-SBJ The time) (VP is (NP-PRD Pacific Daylight Time))) , and (S (NP-SBJ the initials or nicknames) (VP are (NP-PRD (NP those) (SBAR (WHNP-1 0) (S (NP-SBJ-2 subscribers) (VP use (NP *T*-1) (S-CLR (NP-SBJ *-2) (VP to (VP identify (NP themselves)))))))))) .)) (TOP (NP 11:54 p.m .)) (TOP (NP JCKC :)) (TOP (INTJ Wow !)) (TOP (S (S (NP-SBJ I) (VP was (PP-LOC-PRD in (NP (NP the avenues) , (PP-LOC on (NP (NP the third floor) (PP of (NP an old building)))))))) , and (S (PP except (PP for (NP (NP my heart) (PRN -LRB- (INTJ Beat , BEAT) ! -RRB-)))) (NP-SBJ I) (VP 'm (ADJP-PRD OK))) .)) (TOP (S (S (NP-SBJ *) (VP Got (ADVP-LOC back (PP to (NP Bolinas))))) , and (S (NP-SBJ everything) (VP had (VP fallen) : (NP-ADV (NP (NP broken poster frames) (PP with (NP (NP glass) (PP-LOC on (NP the floor))))) , (NP (NP file cabinets) (UCP (ADJP open) or (VP dumped (NP *) (PP-DIR onto (NP the floor)))))))) .)) (TOP (NP 11:59 p.m .)) (TOP (NP JKD :)) (TOP (S (NP-SBJ-1 I) (VP was (PP-LOC-PRD in (NP my favorite watering hole)) , (S-ADV (NP-SBJ *-1) (VP waiting (SBAR-CLR for (S (NP-SBJ the game) (VP to (VP start))))))) .)) (TOP (S (S (NP-SBJ I) (VP (VP felt (S (NP-SBJ the temblor) (VP begin))) and (VP glanced (PP-CLR at (NP (NP the table) (ADVP-LOC next (PP to (NP mine)))))) , (VP smiled (NP that guilty smile)))) and (S (NP-SBJ (NP we) (NP both)) (VP mouthed (NP (NP the words) , `` (NP Earth-quake) ! '') (ADVP-MNR together))) .)) (TOP (S (NP-SBJ That) (VP 's (ADVP-TMP usually) (SBAR-PRD (WHADVP-1 how long) (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP takes (SBAR-2 for (S (NP-SBJ the temblors) (VP to (VP pass)))) (ADVP-TMP *T*-1))))) .)) (TOP (S (S (NP-TMP This time) , (NP-SBJ it) (ADVP just) (VP got (ADJP-PRD stronger))) and then (S (NP-SBJ-2 the building) (VP started (S (NP-SBJ *-2) (VP shaking (ADVP-MNR violently) (ADVP-DIR up and down) (SBAR-ADV as though (S (NP-SBJ it) (VP were (NP-PRD (NP (NP a child 's) toy block) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP was (VP being (VP tossed (NP *-3)))))))))))))) .)) (TOP (NP 12:06 a.m .)) (TOP (NP HRH :)) (TOP (S (NP-SBJ I) (VP was (PP-LOC-PRD in (NP the Berkeley Main library)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP hit (ADVP-TMP *T*-1))))) .)) (TOP (FRAG (NP Endless seconds) (S (NP-SBJ *) (VP wondering (SBAR if (S (NP-SBJ those huge windows) (VP would (VP (VP buckle) and (VP shower (NP us) (PP-CLR with (NP glass))))))))) .)) (TOP (S (NP-SBJ (QP Only a few) books) (VP fell (PP-LOC in (NP the reading room))) .)) (TOP (S Then (NP-SBJ the auto paint shop fire) (VP sent (NP (NP an evil-looking cloud) (PP of (NP black smoke))) (PP-DIR into (NP the air))) .)) (TOP (NP 12:07 a.m .)) (TOP (NP ONEZIE :)) (TOP (S (NP-SBJ (NP My younger daughter) and (NP I)) (VP are (ADJP-PRD fine)) .)) (TOP (S (S (NP-SBJ This building) (VP shook (PP-MNR like (NP hell)))) and (S (NP-SBJ-1 it) (VP kept (S (NP-SBJ *-1) (VP getting (ADJP-PRD stronger))))) .)) (TOP (S (PP Except (PP for (S-NOM (NP-SBJ (NP the gas tank) (PP-LOC at (NP (NP Hustead 's) Towing Service))) (VP exploding and burning (PP-LOC in (NP downtown Berkeley)))))) , (NP-SBJ (NP things) (ADVP-LOC here)) (VP are (ADJP-PRD quite peaceful)) .)) (TOP (S (NP-SBJ (NP A lot) (PP of (NP car alarms))) (VP went (PRT off)) .)) (TOP (S (NP-SBJ The cats) (VP are (ADJP-PRD fine , although nervous)) .)) (TOP (NP 12:15 a.m .)) (TOP (NP DHAWK :)) (TOP (NP (NP Huge fire) (PP from (NP broken gas main)) (PP-LOC in (NP (NP the Marina) (PP-LOC in (NP SF)))) .)) (TOP (S (NP-SBJ (NP Areas) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP are (VP made (NP *-1) (PP-CLR of ` (NP fill) ')))))) (VP liquefy) .)) (TOP (S (NP-SBJ-1 (NP A woman) (PP-LOC in (NP a three-story apartment))) (VP was (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP walk (PP-DIR out (NP (NP the window) (PP of (NP the third floor)))) (PP-DIR onto (NP street level)))))) (PP-TMP after (NP the quake))) .)) (TOP (S (NP-SBJ The house) (ADVP just) (VP settled (ADVP-DIR right down) (PP-DIR into (NP the ground))) .)) (TOP (NP 12:38 a.m .)) (TOP (NP DAYAC :)) (TOP (S (NP-SBJ-2 I) (VP was (VP (VP driving (NP my truck)) , (VP stopped (NP *-2) (PP-LOC at (NP (NP a red light) (PP-LOC at (NP (NP the corner) (PP of (NP Shattuck and Alcatraz)) (PP-LOC at (NP the Oakland-Berkeley border))))))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP hit (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ Worst part) (VP was (VP watching (NP (NP power lines) (VP waving (PP-LOC above (NP my head)))) (FRAG and (NP (NP no way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP drive (ADVP-DIR away) (ADVP-MNR *T*-1))))))))) .)) (TOP (NP 12:48 a.m .)) (TOP (NP LMEYER :)) (TOP (S (NP-SBJ *) (VP Was (ADVP-LOC-PRD (NP 300 ft.) out (PP on (NP (NP a pier) (PP-LOC in (NP San Rafael)))))) .)) (TOP (S (NP-SBJ It) (VP flopped (ADVP-MNR all around) , (S-ADV (NP *) (ADJP-PRD real dramatic))) !)) (TOP (NP (NP Many hairline cracks) (PP-LOC in (NP the concrete slabs)) (ADVP-TMP afterwards) .)) (TOP (S (NP-SBJ *) (VP Ruined (NP the damn fishing)) !)) (TOP (NP 1:00 a.m .)) (TOP (NP HEYNOW :)) (TOP (S (NP-SBJ I) (VP rode (NP it) (PRT out) (PP-LOC on (NP (NP the second floor) (PP of (NP (NP Leo 's) (PP-LOC at (NP 55th and Telegraph)) (PP-LOC in (NP Oakland))))))) .)) (TOP (S (NP-SBJ I) (VP heard (S (NP-SBJ (NP parts) (PP of (NP the building)) (PP-LOC above (NP my head))) (VP cracking))) .)) (TOP (S (NP-SBJ I) (ADVP actually) (VP thought (SBAR that (S (NP-SBJ I) (VP might (VP die))))) .)) (TOP (S (NP-SBJ I) (VP could n't (VP decide (SBAR if (S (NP-SBJ I) (VP should (VP come (ADVP-DIR home) (PP-DIR to (NP Marin)) , (SBAR-PRP because (S (NP-SBJ my house) (VP is (PP-LOC-PRD on (NP stilts))))))))))) .)) (TOP (S (NP-SBJ-1 I) (VP decided (S (NP-SBJ *-1) (VP to (VP brave (NP the storm))))) .)) (TOP (S (NP-SBJ There) (VP was (NP-PRD (NP a horrible smell) (PP of (NP gas))) (SBAR-ADV as (S (NP-SBJ-1 I) (VP passed (NP the Chevron refinery) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP crossing (NP the Richmond-San Rafael Bridge)))))))) .)) (TOP (S (NP-SBJ I) (VP could (ADVP also) (VP see (NP (NP the clouds) (PP-LOC across (NP the bay)) (PP from (NP (NP the horrible fire) (PP-LOC in (NP (NP the Marina District) (PP of (NP San Francisco))))))))) .)) (TOP (S (NP-SBJ I) (VP have (VP felt (NP-PRD many aftershocks))) .)) (TOP (S (S (NP-SBJ My back) (VP is (ADVP-TMP still) (PP-PRD in (NP knots)))) and (S (NP-SBJ my hands) (VP are (ADVP-TMP still) (VP shaking))) .)) (TOP (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ (NP a few) (PP of (NP the aftershocks))) (VP might (ADVP just) (VP be (S-PRD (NP-SBJ my body) (VP shaking))))))) .)) (TOP (NP 1:11 a.m.)) (TOP (NP GR8FLRED :)) (TOP (S (NP-SBJ I) (VP could (VP see (NP (NP the flames) (PP from (NP San Francisco))) (PP from (NP (NP my house) (PP-LOC across (NP the bay)))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP believe (SBAR 0 (S (NP-SBJ this) (ADVP really) (VP is (VP happening)))))))) .)) (TOP (NP 1:11 a.m .)) (TOP (NP RD :)) (TOP (S (S (NP-SBJ-1 (NP Building) (PP-LOC on (NP the corner))) (VP (ADVP-MNR severely) damaged (NP *-1))) , so (S (NP-SBJ (NP an old lady) and (NP her (ADJP very old) mother)) (VP are (PP-LOC-PRD in (NP the guest room)))) .)) (TOP (FRAG (NP Books and software) (ADVP-LOC everywhere) .)) (TOP (S (NP-SBJ-1 This) (VP being (VP typed (NP *-1) (PP-MNR in (NP a standing position)))) .)) (TOP (NP 1:20 a.m .)) (TOP (NP DGAULT :)) (TOP (NP (NP Bolinas) -- (PP-LOC astride (NP the San Andreas Fault)) .)) (TOP (S (NP-SBJ *) (VP (VP Did n't (VP feel (NP a thing))) , but (VP noticed (NP some strange bird behavior))) .)) (TOP (NP Duck swarms .)) (TOP (NP 3:25 a.m .)) (TOP (NP SAMURAI :)) (TOP (S (NP-SBJ I) (ADVP just) (VP felt (NP another aftershock) (ADVP-TMP (NP (QP a few) seconds) ago)) .)) (TOP (S (NP-SBJ I) (VP 'm (ADVP just) (ADJP-PRD numb)) .)) (TOP (NP 3:25 a.m .)) (TOP (NP MACPOST :)) (TOP (S (NP-SBJ-2 Downtown Bolinas) (VP seems (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP the part) (PP of (NP town)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD worst off))))))))) .)) (TOP (NP (NP No power) , (NP minimal phones) , and (NP (NP a mess) (PP of (NP (NP mayonnaise) , (NP wine) , and (NP (NP everything) (ADJP else)))) (PP-LOC (ADVP all) over (NP (NP the floors) (PP of (NP (NP the big old general store) and (NP (NP the People 's) Co-op)))))) .)) (TOP (S (S (NP-SBJ The quivers) (VP move (PP-DIR through (NP my house)) (NP-TMP every few minutes) (PP-TMP at (NP unpredictable intervals)))) , and (S (NP-SBJ (NP the mouse) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (VP been (VP living (PP-LOC-CLR in (NP my kitchen)))))))) (VP has (VP taken (NP refuge) (PP-LOC under (NP my desk))))) .)) (TOP (S (NP-SBJ It) (VP (VP runs (ADVP-DIR out) (ADVP-MNR frantically) (ADVP-TMP now and then)) , and (VP is (ADVP clearly) (ADJP-PRD pretty distressed))) .)) (TOP (S (NP-SBJ I) (VP was (PP-LOC-PRD in (NP Stinson Beach)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the quake) (VP rolled (PP-DIR through (NP town)) (ADVP-TMP *T*-1))))) .)) (TOP (S (ADVP-TMP At first) , (NP-SBJ-1 we) (VP were (VP unfazed (NP *-1))) .)) (TOP (S Then (SBAR-TMP as (S (NP-SBJ things) (VP got (ADJP-PRD rougher)))) , (NP-SBJ-1 we) (VP (VP ran (PP-DIR for (NP the door))) and (VP spent (NP the next few minutes) (ADVP-LOC outside) (S-CLR (NP-SBJ *-1) (VP watching (S (S (NP-SBJ (NP the brick sidewalk) (PP-LOC under (NP our feet))) (VP oozing (ADVP-DIR up and down))) , and (S (NP-SBJ the flowers) (VP waving (PP-MNR in (NP an eerie rhythm))))))))) .)) (TOP (FRAG (ADJP Amazing) (SBAR-NOM (WHNP-1 what) (S (NP-SBJ it) (VP does (NP *T*-1) (PP-CLR to (NP (NP (NP one 's) heart rate) and (NP (NP one 's) short-term memory)))))) .)) (TOP (S (S (NP-SBJ Everyone) (VP looked (ADJP-PRD calm))) , but (S (NP-SBJ there) (VP was (NP-PRD (NP this surreal low level) (PP of (NP confusion))) (SBAR-TMP as (S (NP-SBJ the aftershocks) (VP continued))))) .)) (TOP (NP 4:02 a.m .)) (TOP (NP SHIBUMI :)) (TOP (S (S (NP-SBJ Power) (VP is (ADVP back) (ADVP-PRD on))) , and (S (NP-SBJ-1 UCSF -LCB- (NP medical center) -RCB-) (VP seems (S (NP-SBJ *-1) (VP to (VP have (VP quieted (PRT down) (PP for (NP the night)))))))) (PRN -LRB- (S (NP-SBJ they) (VP were (VP doing (NP triage) (PP-LOC out (PP in (NP the parking lot))) (PP from (NP (NP the sound and lights) (PP of (NP it))))))) -RRB-) .)) (TOP (S (NP-SBJ (NP A friend) (PP of (NP mine))) (VP was (PP-LOC-PRD in (NP (NP an underground computer center) (PP-LOC in (NP downtown SF)))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the quake) (VP hit (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (NP-SBJ-1 (NP one) (PP of (NP the computers))) (VP took (NP a three-foot trip) (S-ADV (NP-SBJ *-1) (VP sliding (PP-DIR across (NP the floor)))))))) .)) (TOP (S (NP-SBJ Today) (VP should (VP be (ADJP-PRD interesting) (SBAR-ADV as (S (NP-SBJ people) (VP realize (SBAR (WHADVP-1 how hard) (S (NP-SBJ-2 life) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP be (ADVP-PRD *T*-1)))) (ADVP-LOC here) (PP-PRD for (NP a while))))))))))) .)) (TOP (NP 4:30 a.m .)) (TOP (NP KIM :)) (TOP (S (NP-SBJ I) (VP (VP got (NP home)) , (VP let (NP the dogs) (PP-DIR into (NP the house))) and (VP noticed (NP (NP some sounds) (PP-LOC above (NP my head)) , (SBAR as if (S (NP-SBJ someone) (VP were (VP walking (UCP-LOC (PP on (NP the roof)) , or (NP upstairs))))))))) .)) (TOP (S Then (NP-SBJ I) (VP noticed (SBAR 0 (S (NP-SBJ the car) (VP was (VP bouncing (ADVP-DIR up and down) (SBAR-MNR as if (S (NP-SBJ someone) (VP were (VP jumping (PP-LOC on (NP it))))))))))) .)) (TOP (S (NP-SBJ I) (VP (VP realized (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP was (VP happening))))) and (VP screamed (PP-DIR into (NP the house)) (PP-CLR for (NP the dogs)))) .)) (TOP (S (S (NP-SBJ Cupboard doors) (VP were (VP flying))) , (S (NP-SBJ (NP the trash can) (PP-LOC in (NP the kitchen))) (VP walked (NP-EXT a few feet))) , (S (NP-SBJ the dogs) (VP came (VP running))) , and (S (NP-SBJ-1 I) (VP (VP scooted (NP them) (PP-DIR into (NP the dog run))) and (VP stood (PP-LOC in (NP the doorway)) (NP-ADV myself) , (S-ADV (NP-SBJ *-1) (VP watching (NP the outside trash cans) (VP dance (PP-DIR across (NP the concrete)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ I) (VP realized (SBAR 0 (S (NP-SBJ it) (VP was (ADJP-PRD over)))) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 I) (VP (VP went) and (VP stood (PP-LOC (ADVP out) in (NP (NP front) (PP of (NP the house))))) , (S-ADV (NP-SBJ *-2) (VP (VP waiting and praying (SBAR-CLR for (S (NP-SBJ Merrill) (VP to (VP come (ADVP-DIR home)))))) , (VP shivering (SBAR-MNR as if (S (NP-SBJ it) (VP were (PP-LOC-PRD (NP 20) below (NP zero))))) (SBAR-TMP until (S (NP-SBJ he) (VP got (ADVP-LOC-PRD there)))))))) .)) (TOP (SINV (ADVP-TMP Never) (PP-TMP in (NP my life)) have (NP-SBJ I) (VP been (ADJP-PRD so frightened)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ I) (VP saw (NP (NP the pictures) (PP of (NP (NP 880) and (NP the Bay Bridge)))) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 I) (VP began (S (NP-SBJ *-2) (VP to (VP cry)))) .)) (TOP (NP 5:09 a.m .)) (TOP (NP JROE :)) (TOP (S (S (NP-SBJ The Sunset -LCB- District -RCB-) (VP was (PP-PRD (ADVP more or less) like (NP a pajama party)) (NP-TMP all evening))) , (S (NP-SBJ (NP lots) (PP of (NP people & dogs))) (VP (VP walking (ADVP-DIR around)) , (VP drinking (NP beer)))) .)) (TOP (NP 6:50 a.m .)) (TOP (NP CAROLG :)) (TOP (S (S (NP-SBJ-1 I) (VP was (ADVP just) (VP sitting (PRT down) (S-CLR (NP-SBJ *-1) (VP to (VP meet (PP-CLR with (NP (NP some new therapy clients) , (NP a couple))))))))) , and (S (NP-SBJ-2 the building) (VP started (S (NP-SBJ *-2) (VP shaking (PP-MNR like (ADJP crazy)))))) .)) (TOP (S (S (NP-SBJ It) (VP 's (NP-PRD (NP a flimsy structure) , (VP built (NP *) (PP-LOC-CLR up (PP on (NP supports)))) ,))) and (S (NP-SBJ it) (VP was (ADVP really) (VP rocking (ADVP-DIR around)))) .)) (TOP (S (S (NP-SBJ-1 (NP The three) (PP of (NP us))) (VP stopped (S (NP-SBJ *-1) (VP breathing)) (PP-TMP for (NP a moment)))) , and then (S (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-3 it) (VP kept (PRT on) (S (NP-SBJ *-3) (VP coming)) (ADVP-TMP *T*-2)))) (NP-SBJ we) (VP lunged (PP-CLR for (NP the doorway)))) .)) (TOP (S (S-ADV (NP-SBJ *) (ADJP-PRD Needless (S (NP-SBJ *) (VP to (VP say))))) , (NP-SBJ it) (VP was (NP-PRD an interesting first session)) !)) (TOP (NP 7:13 a.m .)) (TOP (NP CALLIOPE :)) (TOP (S (NP-SBJ-1 Albany) (VP escaped (S-ADV (NP-SBJ *-1) (ADJP-PRD embarrassingly unscathed))) .)) (TOP (S (NP-SBJ Biggest trouble) (VP was (NP-PRD (NP scared family) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP (VP could n't (VP get (NP a phone line) (ADVP-CLR through))) , and (VP spent (NP a (ADJP really horrible) hour) (S-CLR (NP-SBJ *-2) not (VP knowing)))))))) .)) (TOP (NP 8:01 a.m .)) (TOP (NP HLR :)) (TOP (S (NP-SBJ Judy and I) (VP were (PP-LOC-PRD in (NP our back yard)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 the lawn) (VP started (S (NP-SBJ *-2) (VP rolling (PP-MNR like (NP ocean waves)))) (ADVP-TMP *T*-1))))) .)) (TOP (S (S (NP-SBJ-2 We) (VP ran (PP-DIR into (NP the house)) (S-PRP (NP-SBJ *-2) (VP to (VP get (NP Mame)))))) , but (S (NP-SBJ the next tremor) (VP (VP threw (NP me) (PP-DIR in (NP the air))) and (VP bounced (NP me)) (SBAR-ADV as (S (NP-SBJ-1 I) (VP tried (S (NP-SBJ *-1) (VP to (VP get (PP-CLR to (NP my feet)))))))))) .)) (TOP (S (NP-SBJ We) (VP are all (ADJP-PRD fine) (ADVP-LOC here) , (SBAR-ADV although (S (NP-SBJ Mame) (VP was (ADJP-PRD extremely freaked))))) .)) (TOP (NP (NP Kitchen) (ADJP full (PP of (NP broken crystal))) .)) (TOP (NP (NP Books and tapes) (PP-LOC (ADVP all) over (NP my room)) .)) (TOP (S (S (NP-SBJ (NP (QP Not one) thing) (PP-LOC in (NP the house))) (VP is (SBAR-LOC-PRD (WHADVP-1 where) (S (NP-SBJ-2 it) (VP is (VP supposed (S (NP-SBJ *-2) (VP to (VP be (ADVP-LOC-PRD *T*-1)))))))))) , but (S (NP-SBJ the structure) (VP is (ADJP-PRD fine))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ-1 I) (VP was (VP standing (PP-LOC-CLR on (NP the lawn)) (PP with (NP Mame)) , (S-ADV (NP-SBJ *-1) (VP waiting (PP-CLR for (NP another tremor)))))))) , (NP-SBJ I) (VP noticed (SBAR that (S (NP-SBJ all the earthworms) (VP were (VP (VP emerging (PP-DIR from (NP the ground))) and (VP slithering (PP-DIR across (NP the lawn)))))))) !)) (TOP (NP 9:31 a.m.)) (TOP (NP GR8FLRED :)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP 's (ADJP-PRD amazing) (SBAR-2 (WHADVP-1 how) (S (NP-SBJ one second) (VP can (VP (ADVP-MNR so completely) change (NP your life) (ADVP-MNR *T*-1)))))) .)) (TOP (NP 9:38 a.m .)) (TOP (NP FIG :)) (TOP (S (NP-SBJ I) (VP guess (SBAR 0 (S (NP-SBJ-1 we) (VP 're all (VP living (ADVP-MNR very tentatively) (ADVP-LOC here) , (S-ADV (NP-SBJ *-1) (VP waiting (PP-CLR for (NP the (ADJP expected but dreaded) aftershock))))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP accept (SBAR that (S (NP-SBJ it) (VP (VP 's (ADVP-PRD over)) and (VP (ADVP only) took (NP 15 seconds))))))))) .)) (TOP (S (NP-SBJ I) (VP wonder (SBAR (WHADVP-1 when) (S (NP-SBJ-2 we) (VP 'll (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP relax)))) (ADVP-TMP *T*-1)))))) .)) (TOP (NP 9:53 a.m .)) (TOP (NP PANDA :)) (TOP (S (NP-SBJ Flesh) (VP goes (PP-CLR to (NP total alert)) (PP for (NP flight or fight))) .)) (TOP (S (NP-SBJ Nausea) (VP seems (NP-PRD a commonplace symptom)) .)) (TOP (FRAG (NP Berkeley) (ADJP very quiet) (ADVP-TMP right now) .)) (TOP (S (NP-SBJ I) (VP walked (PP-DIR along (NP Shattuck)) (PP-LOC between (NP Delaware and Cedar)) (PP-TMP at (NP (NP a few minutes) (PP-TMP before (NP eight)))) (NP-TMP this morning)) .)) (TOP (S (S (ADVP-LOC Next (PP to (NP Chez Panisse))) (NP-SBJ-1 a homeless couple) , (S-ADV (NP-SBJ *-1) (VP bundled (NP *) (PP-CLR into (NP a blue sleeping bag)))) , (VP (VP sat (PRT up)) , (VP said , `` (INTJ Good morning) ''))) and then (S (NP-SBJ the woman) (VP (VP smiled) , (VP said , `` (SQ Is n't (NP-SBJ (NP it) (S *EXP*-2)) (ADJP-PRD great) (S-2 (NP-SBJ *) (ADVP just) (VP to (VP be (ADJP-PRD alive)))) ?)))) '')) (TOP (S (NP-SBJ I) (VP agreed) .)) (TOP (S (NP-SBJ It) (VP is (ADJP-PRD *?*)) .)) (TOP (FRAG (ADJP Great) .)) (TOP (S (NP-SBJ-1 Georgia-Pacific Corp.) , (S-ADV (NP-SBJ *-1) (VP exceeding (NP (NP some analysts ') expectations))) , (VP said (SBAR 0 (S (NP-SBJ third-quarter earnings) (VP rose (NP-EXT 56 %) (PP-DIR to (NP (NP (QP $ 178 million) *U*) , or (NP (NP $ 2.03 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 114 million) *U*) , or (NP (NP $ 1.19 *U*) (NP-ADV a share)) ,) (PP-TMP in (NP the year-earlier period))))))) .)) (TOP (S (NP-SBJ Sales) (VP increased (NP-EXT 10 %) (PP-DIR to (NP (QP $ 2.65 billion) *U*)) (PP-DIR from (NP (QP $ 2.41 billion) *U*))) .)) (TOP (S (NP-SBJ-1 Per-share earnings) (VP were (VP enhanced (NP *-1) (PP by (NP-LGS (NP (NP the company 's) share buy-back program) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP reduced (NP (NP the average shares) (ADJP outstanding)) (PP-DIR to (NP (NP (QP 87.5 million)) (PP-TMP in (NP the quarter)))) (PP-DIR from (NP (QP 95.8 million)) (PP-TMP in (NP (NP the same quarter) (PP of (NP 1988)))))))))))) .)) (TOP (S (PP With (NP (NP strong prices) (PP-LOC in (NP (NP (NP the company 's) two major areas) (PRN -- (NP (NP building products) as well as (NP pulp and paper)) --))))) (NP-SBJ analysts) (VP had (VP expected (NP a roaring quarter))) .)) (TOP (S But (NP-SBJ the performance) (VP exceeded (NP (NP some estimates) (PP of (NP (NP (QP around $ 1.90) *U*) (NP-ADV a share))))) .)) (TOP (SINV (VP-TPC-1 Fueling (NP the growth)) , (PP-LOC among (NP other things)) , (VP were (VP *T*-1)) (NP-SBJ (NP higher-than-expected prices) (PP for (NP certain building products))) .)) (TOP (NP (NP One reason) : (S (NP-SBJ efforts (S (NP-SBJ *) (VP to (VP protect (NP the spotted owl))))) (VP led (PP-CLR to (NP (NP restrictions) (PP on (NP logging)) (PP-LOC in (NP the Pacific Northwest)))) , (S-ADV (NP-SBJ *) (VP (VP constricting (NP supply)) and (VP forcing (NP prices) (ADVP-DIR up)))))) .)) (TOP (NP (NP Another reason) : (S (S-TPC-1 (NP-SBJ (NP strikes) , (PP-LOC both at (NP (NP Georgia-Pacific) and (NP other lumber companies)))) (ADVP also) (VP (VP cut (NP supplies)) and (VP raised (NP prices)))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-1)))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ (NP Georgia-Pacific 's) earnings) (VP increased (NP-EXT 49 %) (PP-DIR to (NP (NP (QP $ 504 million) *U*) , or (NP (NP $ 5.58 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 338 million) *U*) , or (NP (NP $ 3.41 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 11 %) (PP-DIR to (NP (QP $ 7.73 billion) *U*)) (PP-DIR from (NP (QP $ 6.94 billion) *U*))) .)) (TOP (S (PP-LOC In (NP composite New York Stock Exchange Trading)) , (NP-SBJ-1 Georgia-Pacific stock) (VP rose (NP-EXT (NP $ 1.25 *U*) (NP-ADV a share)) (NP-TMP yesterday) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 58 *U*)))))) .)) (TOP (S (NP-SBJ The House Public Works and Transportation Committee) (VP approved (NP (NP a bill) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP give (NP the Transportation Department) (NP power (S (NP-SBJ *) (VP to (VP block (NP airline leveraged buy-outs)))))))))) , (PP despite (NP (NP a clear veto threat) (PP from (NP the Bush administration))))) .)) (TOP (S (NP-SBJ The 23-5 vote) (VP clears (NP (NP the way) (PP for (NP (NP consideration) (PP-LOC on (NP the House floor)) (NP-TMP (NP next week) or (NP (NP the week) (ADJP after))))))) .)) (TOP (S (NP-SBJ Transportation Secretary Samuel Skinner) , (PP-LOC in (NP (NP a letter) (PP to (NP the committee)))) , (VP warned (SBAR that (S (NP-SBJ he) (VP would (VP urge (NP-1 President Bush) (S (NP-SBJ *-1) (VP to (VP veto (NP the legislation)))) (SBAR-ADV if (S (NP-SBJ it) (VP passed (NP Congress))))))))) .)) (TOP (S (NP-SBJ The Senate Commerce Committee) (ADVP-TMP already) (VP has (VP approved (NP similar legislation))) .)) (TOP (S (PP-TMP On (NP Monday)) , (NP-SBJ (NP a letter) (PP from (NP (NP (NP Mr. Skinner 's) deputy) , (NP Elaine Chao) ,))) (VP said (SBAR 0 (S (NP-SBJ the administration) (VP opposed (NP (NP the legislation) `` (PP in (NP its present form))))))) . '')) (TOP (S (NP-SBJ (NP Some) (PP of (NP (NP the bill 's) supporters))) (VP had (VP taken (NP heart) (PP-CLR from (NP the fact (SBAR (SBAR that (S (NP-SBJ-1 the letter) (VP was n't (VP signed (NP *-1) (PP by (NP-LGS Mr. Skinner)))))) and (SBAR that (S (NP-SBJ it) (VP did n't (VP contain (NP a veto threat)))))))))) .)) (TOP (S (NP-SBJ The stepped-up administration warnings) (VP annoyed (NP (NP some lawmakers) , (NP (NP especially senior Republicans) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP supported (NP the bill) (SBAR-PRP because (S (NP-SBJ they) (VP thought (SBAR 0 (S (NP-SBJ the Transportation Department) (VP favored (NP it))))))))))))) .)) (TOP (S-2 `` (S (NP-SBJ We) (VP backed (NP this bill) (SBAR-PRP because (S (NP-SBJ we) (VP thought (SBAR 0 (S (NP-SBJ it) (VP would (VP help (NP Skinner)))))))))) (PRN , '' (S (NP-SBJ one Republican) (VP said (S *T*-2))) ,) `` and (S (ADVP-TMP now) (NP-SBJ-1 we) (VP 're (ADVP-LOC-PRD out there) (S-ADV (NP-SBJ *-1) (VP dangling (PP-LOC in (NP the wind)))))) . '')) (TOP (S (ADVP-TMP (NP A few weeks) ago) , (NP-SBJ Mr. Skinner) (VP testified (PP-LOC before (NP Congress)) (SBAR that (S (NP-SBJ it) (VP would (VP be `` (ADJP-PRD (ADJP cleaner) , (ADJP more efficient)) '' (SBAR-ADV if (S (NP-SBJ he) (VP had (NP authority (S (NP-SBJ *) (VP to (VP block (NP buy-outs) (PP-TMP in (NP advance)))))))))))))) .)) (TOP (S But (NP-SBJ he) (VP (VP (ADVP-TMP never) took (NP (NP an official position) (PP on (NP the bill)))) and (VP has (VP (ADVP-MNR steadfastly) maintained (SBAR that (S (NP-SBJ he) (ADVP-TMP already) (VP has (NP enough authority (S (NP-SBJ *) (VP to (VP deal (PP-CLR with (NP buy-outs)))))))))))) .)) (TOP (S (PP-LOC Under (NP the committee bill)) , (NP-SBJ-1 the Transportation secretary) (VP would (VP have (NP (NP 30 days) , and (NP (NP an additional 20 days) (SBAR if (S (NP-SBJ-2 *) (VP needed (NP *-2))))) ,) (S-CLR (NP-SBJ *-1) (VP to (VP review (NP (NP any proposed purchase) (PP of (NP (NP 15 % (QP or more)) (PP of (NP (NP a major U.S. airline 's) voting stock)))))))))) .)) (TOP (S (NP-SBJ-1 The secretary) (VP would (VP be (VP required (S (NP-SBJ *-1) (VP to (VP block (NP an acquisition)))) (SBAR-ADV (SBAR if (S (NP-SBJ he) (VP concluded (SBAR that (S (NP-SBJ it) (VP would (VP (ADVP so) weaken (NP an airline) (ADVP-MNR financially) (SBAR that (S (NP-SBJ it) (VP would (VP (VP hurt (NP safety)) or (VP reduce (NP (NP the carrier 's) ability (S (NP-SBJ *) (VP to (VP compete)))))))))))))))) , or (SBAR if (S (NP-SBJ it) (VP gave (NP control) (PP-DTV to (NP a foreign interest))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the legislation) (VP would (VP apply (PP-CLR to (NP (NP any acquisition) (PP of (NP a major airline)))))))) , (NP-SBJ-1 it) (VP is (VP aimed (NP *-1) (PP-CLR at (NP (NP transactions) (VP financed (NP *) (PP by (NP-LGS (NP large amounts) (PP of (NP debt))))))))) .)) (TOP (S (NP-SBJ (NP Supporters) (PP of (NP the bill))) (VP are (ADJP-PRD concerned (SBAR 0 (S (NP-SBJ-1 an airline) (VP might (VP sacrifice (NP costly safety measures) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP repay (NP debt))))))))))) .)) (TOP (S (NP-SBJ (NP The panel 's) action) (VP occurs (PP-LOC in (NP (NP a (ADJP politically charged) atmosphere) (VP surrounding (NP (NP recent buy-out proposals) , (NP their apparent collapse) and (NP (NP the volatile conditions) (PP-LOC in (NP the stock market)))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP became (ADJP-PRD apparent) (PP-LOC in (NP hearings)) (SBAR-1 that (S (NP-SBJ there) (VP ought (S (NP-SBJ *) (VP to (VP be (NP-PRD (NP regulation) (PP of (NP leveraged buy-outs)) (PP of (NP some sort))))))))))) , '' (NP-SBJ (NP Rep. James Oberstar) (PRN -LRB- (NP (NP D.) , (NP-LOC Minn.)) -RRB-) , (NP (NP chairman) (PP of (NP the House Aviation Subcommittee))) ,) (VP said (S *T*-2) (PP-TMP during (NP (NP the panel 's) deliberations))) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP believe (SBAR 0 (S (PP-LOC in (NP the airline business)) (NP-SBJ you) (VP can (VP be (ADJP-PRD totally laissez-faire))))) (PP-PRP because of (NP (NP the high degree) (PP of (NP public interest)) '' (PP at (NP stake)))))) .)) (TOP (S But (NP-SBJ-1 Mr. Skinner) (VP disagreed , (S-ADV (NP-SBJ *-1) (VP calling (S (NP-SBJ the legislation) `` (NP-PRD (NP a retreat) (PP from (NP (NP the policy) (PP of (NP (NP deregulaton) (PP of (NP the airline industry))))))))))) . '')) (TOP (S (PP-LOC In (NP (NP his letter) (PP to (NP (NP Committee Chairman Glenn Anderson) (PRN -LRB- (NP (NP D.) , (NP-LOC Calif.)) -RRB-))))) , (NP-SBJ the secretary) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ the bill) `` (VP would (VP be (PP-PRD at (NP (NP odds) (PP with (NP (NP (NP the administration 's) policies) (VP welcoming (NP (NP open foreign investment) and (NP (NP market allocation) (PP of (NP resources)))))))))))))) . '')) (TOP (S (ADVP-TMP Currently) , (NP-SBJ the Transportation Department) (VP does n't (VP have (NP the authority (S (NP-SBJ *) (VP to (VP block (NP a takeover) (PP-TMP in (NP advance)))))))) .)) (TOP (S (ADVP However) , (SBAR-ADV if (S (NP-SBJ the secretary) (VP concludes (SBAR that (S (NP-SBJ a transaction) (VP has (VP made (S (NP-SBJ-1 a carrier) (ADJP-PRD unfit (S (NP-SBJ *-1) (VP to (VP operate)))))))))))) , (NP-SBJ-2 the department) (VP may (VP revoke (NP its certificate) , (S-ADV (NP-SBJ *-2) (VP grounding (NP the airline))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Such authority) (VP is (ADJP-PRD (ADJP more) (PP than (ADJP adequate))))) , (VP say (SBAR 0 (S *T*-1))) (NP-SBJ (NP opponents) (PP of (NP the legislation))) .)) (TOP (S But (NP-SBJ supporters) (VP argue (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP grounding (NP an airline))) (VP is (ADJP-PRD (ADJP so drastic) (SBAR that (S (NP-SBJ-1 the department) (VP would (VP hesitate (S (NP-SBJ *-1) (VP doing (NP it)))))))))))) .)) (TOP (S (NP-SBJ The panel) (VP rejected (NP (NP a proposal (S *ICH*-2)) (VP pushed (NP *) (PP by (NP-LGS (NP AMR Corp.) , (NP (NP the parent) (PP of (NP American Airlines))) ,))) (S-2 (NP-SBJ *) (VP to (VP allow (S (NP-SBJ the Transportation secretary) (VP to (VP block (NP-3 corporate raiders) (PP-CLR from (S-NOM (NP-SBJ-4 *-3) (VP waging (NP proxy fights) (S-PRP (NP-SBJ *-4) (VP to (VP oust (NP (NP boards) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP oppose (NP a leveraged buy-out))))))))))))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP voted (PRT down) (NP proposals (S (NP-SBJ *) (VP (VP to (VP give (NP the secretary) (NP (NP (ADJP much more) discretion) (PP on (SBAR whether (S (NP-SBJ *) (VP to (VP block (NP a buy-out))))))))) and (VP to (VP require (S (NP-SBJ the department) (VP to (VP consider (NP (NP the impact) (PP of (NP a buy-out)) (PP on (NP workers)))))))))))) .)) (TOP (S (NP-SBJ-2 London shares) (VP rallied (S-ADV (NP-SBJ *-2) (VP to (VP post (NP strong gains)))) (SBAR-TMP after (S (NP-SBJ initial fears (SBAR *ICH*-1)) (VP evaporated (SBAR-1 that (S (NP-SBJ the California earthquake) (VP would (VP depress (NP Wall Street prices))))))))) .)) (TOP (S (S (NP-SBJ (NP Tokyo stocks) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP rebounded (ADVP-MNR strongly) (NP-TMP Tuesday)))) ,) (VP extended (NP their gains) (NP-TMP yesterday))) , but (S (NP-SBJ-2 most other (ADJP Asian and Pacific) markets) (VP closed (S-ADV (NP-SBJ *-2) (ADJP-PRD sharply lower)))) .)) (TOP (S (PP-LOC In (NP London)) , (NP-SBJ-1 the Financial Times-Stock Exchange 100-share index) (VP jumped (NP-EXT 34.6 points) (S-ADV (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP its intraday high) (PP of (NP 2170.1)))))))) .)) (TOP (S (NP-SBJ The index) (VP was (PP-PRD under (NP pressure)) (PP-TMP for (NP (NP most) (PP of (NP the morning)))) (PP over (NP concerns (SBAR that (S (NP-SBJ (NP the effects) (PP of (NP (NP (NP Tuesday night 's) major earthquake) (PP-LOC in (NP the San Francisco area))))) (VP would (VP undermine (NP the U.S. market)))))))) .)) (TOP (S (S (NP-SBJ The mood) (VP changed (SBAR-TMP after (S (NP-SBJ dealers) (VP reappraised (NP (NP the direct impact) (PP of (NP the disaster)) (PP on (NP shares)))))))) and (S (NP-SBJ Wall Street) (VP rebounded (PP-CLR from (NP early losses)))) .)) (TOP (S (NP-SBJ-1 The Financial Times 30-share index) (VP settled (S-ADV (NP-SBJ *-1) (ADJP-PRD (NP-ADV 27.8 points) higher)) (PP-CLR at (NP 1758.5))) .)) (TOP (S (NP-SBJ Volume) (VP was (NP-PRD (NP (QP 449.3 million) shares) , (NP (NP the slowest) (PP of (NP a hectic week))) , (PP compared (PP with (NP (NP (QP 643.4 million)) (NP-TMP Tuesday)))))) .)) (TOP (S (NP-SBJ-3 (NP U.K. (ADJP composite , or non-life ,) insurers) , (SBAR (WHNP-2 which) (S (NP-SBJ some equity analysts) (VP said (SBAR 0 (S (NP-SBJ-1 *T*-2) (VP might (VP be (VP (ADVP-MNR heavily) hit (NP *-1) (PP by (NP-LGS the earthquake disaster)))))))))) ,) (VP helped (S (NP-SBJ *-3) (VP support (NP the London market) (PP by (S-NOM (NP-SBJ *-3) (VP showing (NP only narrow losses) (PP-LOC in (NP early trading)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The insurers ') relative resilience) (VP gave (NP the market) (NP (NP time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP reappraise (NP (NP the impact) (PP of (NP the California disaster)) (PP on (NP U.K. equities))) (ADVP-TMP *T*-1)))))))) , (NP-SBJ dealers) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ the market) (ADVP-TMP still) (VP has n't (VP shaken (PRT off) (NP its nervousness) (PP-TMP after (NP (NP its bumpy ride) (PP of (NP the past several sessions)) , (VP caused (NP *) (PP by (NP-LGS (NP (NP interest-rate increases) (NP-TMP last week)) and (NP (NP (NP Wall Street 's) (ADJP 6.9 %) plunge) (NP-TMP Friday)))))))))))) .)) (TOP (S But (NP-SBJ-1 (NP technical factors) , (PP including (NP (NP modest gains) (PP-LOC in (NP (NP the value) (PP of (NP the pound)))))) ,) (VP helped (S (NP-SBJ *-1) (VP (VP draw (NP buying) (ADVP-DIR back) (PP-DIR into (NP the market))) and (VP reverse (NP (NP losses) (VP posted (NP *) (ADVP-TMP (NP a day) earlier))))))) .)) (TOP (S (PP-LOC Among (NP composite insurers)) , (S (NP-SBJ General Accident) (VP rose (NP-EXT 10 pence) (PP-DIR to (NP (NP (NP # 10.03 *U*) (PRN -LRB- (NP $ 15.80 *U*) -RRB-)) (NP-ADV a share))))) , (S (NP-SBJ Guardian Royal) (VP climbed (NP-EXT 5) (PP-DIR to (NP 217 pence)))) , (S (NP-SBJ Sun Alliance) (VP rose (NP-EXT 3) (PP-DIR to (NP 290)))) , and (S (NP-SBJ Royal Insurance) (VP jumped (NP 12) (PP-DIR to (NP 450)))) .)) (TOP (S (NP-SBJ Life insurers) (VP fared (ADVP-MNR similarly) , (PP with (S-NOM (NP-SBJ Legal & General) (VP advancing (NP-EXT 3) (PP-DIR to (NP 344))))) , (SBAR-ADV although (S (NP-SBJ Prudential) (VP fell (NP-EXT 2) (PP-DIR to (NP (QP 184 1))))))) .)) (TOP (S (S (NP-SBJ Pearl Group) (VP rose (NP-EXT 5) (PP-DIR to (NP 628)))) , and (S (NP-SBJ-1 Sun Life) (VP finished (S-ADV (NP-SBJ *-1) (ADJP-PRD unchanged)) (PP-CLR at (NP # 10.98 *U*)))) .)) (TOP (S (NP-SBJ Most banking issues) (VP retreated (PP-TMP after (NP (NP a sector downgrade) (PP by (NP Warburg Securities)))) , (SBAR-ADV although (S (NP-SBJ National Westminister) (VP showed (NP strength) (PP on (NP (NP positive comments) (PP from (NP brokerage firms)) (PP about (NP its long-term prospects)))))))) .)) (TOP (S (NP-SBJ (NP NatWest) , (NP (NP the (ADJP most actively traded)) (PP of (NP the banks))) ,) (VP finished (PP-CLR at (NP 300)) , (ADVP up (NP 1))) .)) (TOP (S (NP-SBJ-1 B.A.T Industries) (VP (VP fell (PP-LOC in (NP early dealings))) but (VP recovered (S-ADV (NP-SBJ *-1) (VP to (VP finish (PP-CLR at (NP 754)) , (ADVP up (NP 5))))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ the market) (VP was (ADJP-PRD nervous) (ADVP-TMP ahead (PP of (NP (NP (NP a special B.A.T holders ') meeting) (NP-TMP today)))))))) .)) (TOP (S (NP-SBJ-1 The session) (VP is (S-PRD (NP-SBJ *-1) (VP to (VP consider (NP a defensive plan (S (NP-SBJ-2 *) (VP to (VP spin (PRT off) (NP assets) (S-PRP (NP-SBJ *-2) (VP to (VP fend (PRT off) (NP (NP (NP Sir James Goldsmith 's) (ADJP (QP # 13.4 billion) *U*) bid) (PP for (NP B.A.T)))))))))))))) .)) (TOP (S (S (NP-SBJ The recent stock market drop) (VP has (VP shaken (NP (NP confidence) (PP in (NP the plan)))))) , but (S (NP-SBJ dealers) (VP said (SBAR 0 (S (NP-SBJ the shares) (VP fell (ADVP-TMP initially) (PP on (NP (NP questions) (PP about (SBAR whether (S (NP-SBJ (NP Mr. Goldsmith 's) (ADJP highly leveraged) bid) (VP will (VP come (PP-CLR to (NP fruition)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Trading) (PP *ICH*-2)) (VP was (VP suspended (NP *-1) (PP-2 in (NP (NP WCRS Group) , (NP a U.K. advertising concern) ,)) (PP pending (NP an announcement (SBAR that (S (NP-SBJ it) (VP is (VP (VP buying (NP (NP the remaining 50 %) (PP of (NP (NP France 's) Carat Holding))) (PP-CLR for (NP (NP (QP 2.02 billion) French francs) (PRN -LRB- (NP (QP $ 318.7 million) *U*) -RRB-)))) and (VP expanding (NP (NP (UCP commercial and equity) ties) (PP with (NP advertising group Eurocom)))))))))))) .)) (TOP (S (NP-SBJ Merchant banker Morgan Grenfell) (VP climbed (NP-EXT 14) (PP-DIR to (NP 406)) (PP on (NP renewed takeover speculation))) .)) (TOP (S (NP-SBJ (NP S.G. Warburg) , (VP (ADVP also) mentioned (NP *) (PP-LOC in (NP the rumor mill))) ,) (VP jumped (NP-EXT 14) (FRAG (PP at)) (PP-DIR to (NP 414))) .)) (TOP (S (NP-SBJ Jaguar) (VP advanced (NP-EXT 19) (PP-DIR to (NP 673)) (SBAR-ADV as (S (NP-SBJ traders) (VP contemplated (NP (NP a potential battle) (PP between (NP (NP General Motors) and (NP Ford Motor))) (PP for (NP (NP control) (PP of (NP the U.K. luxury auto maker))))))))) .)) (TOP (S (NP-SBJ (NP (NP Tokyo 's) Nikkei index) (PP of (NP 225 issues))) (VP rose (NP-EXT (NP 111.48 points) , or (NP 0.32 %) ,) (PP-DIR to (NP 35107.56))) .)) (TOP (S (NP-SBJ The index) (VP gained (NP 527.39) (NP-TMP Tuesday)) .)) (TOP (S (NP-SBJ-1 Volume) (VP was (VP estimated (NP *-1) (PP-CLR at (NP (NP (QP 800 million) shares) , (PP compared (PP with (NP (NP (QP 678 million)) (NP-TMP Tuesday)))))))) .)) (TOP (S (NP-SBJ Declining issues) (VP outnumbered (NP advancers) (ADVP 505-455) , (SBAR-ADV with (S (NP-SBJ 172) (ADJP-PRD unchanged)))) .)) (TOP (S (NP-SBJ (NP The Tokyo Stock Price Index) (PP of (NP (NP all issues) (VP listed (NP *) (PP-LOC in (NP the first section))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP gained (NP 41.76) (NP-TMP Tuesday)))) ,) (VP was (ADVP-PRD up (NP (NP 0.24 points) , or (NP 0.01 %) ,)) (PP-CLR at (NP 2642.88))) .)) (TOP (S (PP-LOC In (NP early trading)) (PP-LOC in (NP Tokyo)) (NP-TMP Thursday) , (NP-SBJ the Nikkei index) (VP rose (NP-EXT 135.09 points) (PP-DIR to (NP 35242.65))) .)) (TOP (S (S-TPC-2 (PP-TMP On (NP Wednesday)) , (NP-SBJ-1 shares) (VP were (VP pushed (NP *-1) (ADVP-DIR up) (PP by (NP-LGS (NP (NP index-related buying) (PP on (NP (NP the part) (PP of (NP investment trusts))))) as well as (NP (NP small orders) (PP from (NP individuals and corporations)))))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Institutions) , (ADVP-TMP meanwhile) , (VP stepped (ADVP-DIR back) (PP-DIR to (NP the sidelines)) (SBAR-TMP as (S (NP-SBJ (NP the direction) (PP of (NP U.S. interest rates))) (VP remained (ADJP-PRD unclear))))) .)) (TOP (S-3 (NP-SBJ-1 The uncertainty) (VP was (VP multiplied (NP *-1) (PP (PP by (NP-LGS (NP the persistent strength) (PP of (NP the dollar)))) (PRN , (S (NP-SBJ traders) (VP said (SBAR 0 (S *T*-3)))) ,) and (PP by (NP-LGS (NP the U.S. trade deficit) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP widened (PP-EXT by (NP 31 %)) (PP-TMP in (NP August)) (PP-DIR from (NP the previous month)))))))))) .)) (TOP (S (NP-SBJ Traders and analysts) (VP said (SBAR 0 (S (NP-SBJ they) (VP did n't (VP see (NP (NP any effect) (PP on (NP Tokyo stocks)) (PP from (NP the California earthquake)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The impact) (PP on (NP (NP Japanese (NX (NX insurers) and (NX property owners))) (PP with (NP (NP interests) (PP-LOC in (NP the San Francisco area))))))) (VP is (ADVP-TMP still) (VP being (VP assessed (NP *-1))))) , (NP-SBJ they) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ-3 Buying) (VP was (VP scattered (NP *-3) (PP-LOC across (NP (NP a wide range) (PP of (NP issues)))) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ the session) (ADJP-PRD fairly characterless))))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-3 (PP With (S-NOM (NP-SBJ uncertainty) (ADVP-TMP still) (VP hanging (PP-LOC-CLR over (NP (NP interest rates) and (NP the dollar)))))) , (NP-SBJ-2 the market) (VP failed (S (NP-SBJ *-2) (VP to (VP find (NP (NP a focus) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP lead (PP-DIR to (NP further investor commitments)))))))))))) , (NP-SBJ they) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Some traders) (VP said (SBAR 0 (S (NP-SBJ (NP the popularity) (PP of (NP (NP issues) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP gained (NP-TMP yesterday))))))) (VP wo n't (VP last (ADVP-TMP long) , (SBAR-PRP as (S (NP-SBJ investors) (VP will (VP rotate (NP their buying choices) (PP-TMP over (NP the short term))))))))))) .)) (TOP (S (NP-SBJ (NP (NP (ADJP Interest rate-sensitive) shares) (PP such as (NP steel , construction and electric utility companies))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP rose (ADVP-TMP early (PP in (NP the week)))))) ,) (VP saw (S (NP-SBJ their advance) (VP weaken (NP-TMP yesterday)))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (S (NP-SBJ these issues) (VP need (NP-1 large-volume buying) (S-CLR (NP-SBJ *-1) (VP to (VP push (PRT up) (NP their prices)))))) , so (S (NP-SBJ substantial gains) (VP are n't (ADJP-PRD likely) (SBAR-ADV unless (S (NP-SBJ institutional investors) (VP participate)))))))) .)) (TOP (S (NP-SBJ (NP An outstanding issue) (PP-LOC in (NP (NP yesterday 's) session))) (VP was (NP-PRD (NP Mitsubishi Rayon) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP surged (NP-EXT 95) (PP-DIR to (NP (NP (NP 905 yen) (PRN -LRB- (NP $ 6.34 *U*) -RRB-)) (NP-ADV a share)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Its popularity) (VP was (ADJP-PRD due (PP to (NP (NP speculation) (PP about (NP (NP the strong earnings potential) (PP of (NP (NP a new type) (PP of (NP plastic wrap)) (PP for (NP household use))))))))))) , (NP-SBJ (NP a trader) (PP-LOC at (NP County Natwest Securities Japan))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ Some laggard food issues) (VP attracted (NP bargain-hunters))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ Kirin Brewery) (VP was (ADVP-PRD up (NP 100)) (PP-CLR at (NP 2,000)))) , and (S (NP-SBJ Ajinomoto) (VP gained (NP 70) (PP-DIR to (NP 2,840)))) .)) (TOP (S (NP-SBJ Pharmaceuticals) (VP were (ADJP-PRD mostly higher) , (PP with (S-NOM (NP-SBJ SS Pharmaceutical) (VP gaining (NP 140) (PP-DIR to (NP 1,980)))))) .)) (TOP (S (NP-SBJ-1 Shares) (VP closed (S-ADV (NP-SBJ *-1) (ADJP-PRD lower)) (PP-LOC in (NP (NP other major (ADJP Asian and Pacific) markets) , (PP including (NP (NP Sydney) , (NP Hong Kong) , (NP Singapore) , (NP Taipei) , (NP Wellington) , (NP Seoul) and (NP Manila)))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP those markets))) (VP had (VP rebounded (NP-TMP (NP the day) (ADVP before)) (PP-CLR from (NP (NP Monday 's) slide)))) .)) (TOP (S But (PP unlike (NP the Tokyo exchange)) , (NP-SBJ-1 they) (VP failed (S (NP-SBJ *-1) (VP to (VP extend (NP the rise) (PP-CLR to (NP a second session)))))) .)) (TOP (S (ADVP-LOC Elsewhere) , (NP-SBJ-1 prices) (VP (VP surged (PP-TMP for (NP a second day)) (PP-LOC in (NP Frankfurt))) , (VP closed (S-ADV (NP-SBJ *-1) (ADJP-PRD higher)) (PP-LOC in (NP Zurich , Stockholm and Amsterdam))) and (VP were (ADJP-PRD broadly lower) (PP-LOC in (NP Milan , Paris and Brussels)))) .)) (TOP (S (NP-SBJ-1 (ADJP South African) gold stocks) (VP ended (S-ADV (NP-SBJ *-1) (ADJP-PRD marginally firmer))) .)) (TOP (S (PP-LOC In (NP Brussels)) , (NP-SBJ it) (VP was (NP-PRD the first trading day) (PP for (NP most major shares)) (SBAR-TMP since (S (NP-SBJ stocks) (VP tumbled (PP-LOC on (NP Wall Street)) (NP-TMP Friday))))) .)) (TOP (S (NP-SBJ-1 Trading) (VP had (VP been (VP impeded (NP *-1) (PP by (NP-LGS (NP a major computer failure) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP took (NP place) (PP-TMP before (NP (NP the start) (PP of (NP (NP Monday 's) session)))))))))))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP price trends) (PP-LOC on (NP (NP the world 's) major stock markets)) , (SBAR as (S (NP-SBJ-2 *) (VP calculated (NP *-2) (PP by (NP-LGS (NP Morgan Stanley Capital International Perspective) , (NP-LOC Geneva))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP make (S (NP-SBJ them) (ADJP-PRD directly comparable))))) , (NP-SBJ-1 each index) (VP is (VP based (NP *-1) (PP-CLR on (S-NOM (NP-SBJ (NP the close) (PP of (NP 1969))) (VP equaling (NP 100)))))) .)) (TOP (S (NP-SBJ The percentage change) (VP is (PP-TMP-PRD since (NP year-end))) .)) (TOP (S (S-TPC-1 (NP-SBJ Housing construction) (VP sank (PP-TMP in (NP September)) (PP-DIR to (NP (NP its lowest level) (PP-TMP since (NP the last recession)))))) , (NP-SBJ the Commerce Department) (VP reported (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Work) (PP *ICH*-1)) (VP began (PP-1 on (NP homes and apartments)) (PP at (NP (NP an annual rate) (PP of (NP 1,263,000 units)))) (NP-TMP last month) , (ADVP down (NP 5.2 %) (PP-TMP from (NP August))))) , (NP-SBJ the department) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The September decline) (VP (VP followed (NP (NP an (ADJP even steeper) drop) (PP of (NP 6.2 %)) (PP-TMP in (NP August)))) and (VP left (NP housing starts) (PP-LOC-CLR at (NP (NP their weakest) (PP-TMP since (NP (NP October 1982) , (SBAR (WHADVP-1 when) (S (NP-SBJ the country) (VP was (VP nearing (NP (NP the end) (PP of (NP a recession))) (ADVP-TMP *T*-1))))))))))) .)) (TOP (S (ADVP Originally) (NP-SBJ the department) (VP had (VP reported (NP the August decline) (PP-CLR as (NP 5 %)))) .)) (TOP (S (NP-SBJ The numbers) (VP suggest (SBAR that (S (NP-SBJ the housing industry) (VP is (ADVP-TMP still) (VP suffering (NP (NP the effects) (PP of (NP (NP (NP the Federal Reserve 's) battle) (PP against (NP inflation)))))))))) .)) (TOP (S (NP-SBJ The industry) (VP had (VP shown (NP (NP signs) (PP of (NP recovery))) (NP-TMP this summer) , (SBAR-TMP after (S (NP-SBJ-1 the central bank) (VP began (S (NP-SBJ-2 *-1) (VP to (VP relax (NP (NP its clamp) (PP on (NP credit))) , (S-ADV (NP-SBJ-3 *-2) (VP allowing (S (NP-SBJ interest rates) (VP to (VP drop (NP-EXT a bit) (PP-TMP after (S-NOM (NP-SBJ *-3) (VP pushing (NP them) (PRT up) (PP-TMP for (NP a year)))))))))))))))))) .)) (TOP (S (S (NP-SBJ (NP Sales) (PP of (NP new homes))) (VP rose)) and (S (NP-SBJ (NP inventories) (PP of (NP houses)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP been (VP climbing)))))) , (VP dropped)) .)) (TOP (S But (NP-TMP last month) (NP-SBJ (NP new construction) (PP-LOC in (NP (NP all types) (PP of (NP homes))))) (VP waned , (PP (PP from (NP single-family houses)) (PP to (NP large apartment complexes)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (ADJP-PRD (ADVP pretty much) weak) (PP-LOC across (NP the board)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Martin Regalia) , (NP (NP chief economist) (PP of (NP (NP the National Council) (PP of (NP Savings Institutions)))))) .)) (TOP (S (NP-SBJ Mr. Regalia) (VP said (SBAR 0 (S (NP-SBJ-1 the industry) (VP may (VP be (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP step (PRT up) (NP building))))) (PP-TMP at (NP the moment)) (PP-PRP for (NP fear (SBAR 0 (S (NP-SBJ (NP the inventories) (PP of (NP unsold homes))) (VP will (VP increase (ADVP-TMP again)))))))))))) .)) (TOP (S-2 (NP-SBJ (NP Another reason) (PP for (NP the weakness))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) (VP may (VP be (SBAR-PRD that (S (NP-SBJ mortgage rates) (VP have (VP hit (NP a plateau) (SBAR-TMP since (S (NP-SBJ-1 they) (VP began (S (NP-SBJ *-1) (VP edging (ADVP-DIR down) (PP-TMP after (NP (NP a peak) (PP-TMP in (NP March))))))))))))))) .)) (TOP (S (S (PP-TMP In (NP August)) , (NP-SBJ-1 (NP rates) (PP on (NP 30-year fixed-rate mortgages))) (VP started (S (NP-SBJ *-1) (VP creeping (ADVP-DIR up) (NP-EXT a bit))))) , but (S (NP-SBJ they) (VP inched (ADVP down) (ADVP-TMP again) (PP-TMP through (NP September)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Rates) (VP have n't (ADVP really) (VP peeled (PRT off) (NP that much)))) , '' (NP-SBJ Mr. Regalia) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ We) (VP 've (VP (ADVP kind of) settled (ADVP-TMP now) (PP-CLR into (NP (NP an interest-rate environment) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD fairly high)))))))) . '')) (TOP (S (NP-SBJ-1 (NP Work) (PP *ICH*-2)) (VP was (VP begun (NP *-1) (PP-2 on (NP (NP single family homes) (PRN -- (NP (NP the core) (PP of (NP the housing market))) --))) (PP at (NP (NP (NP an annual rate) (PP of (NP 971,000))) (NP *ICH*-3))) (PP-TMP in (NP September)) , (NP-3 (NP a drop) (PP of (NP 2.1 %)) (PP-TMP from (NP the previous month))))) .)) (TOP (S (NP-SBJ That) (VP followed (NP (NP a (ADJP 3.3 %) decline) (PP-TMP in (NP August)))) .)) (TOP (S (NP-SBJ (NP Construction) (PP of (NP (NP apartments) and (NP other multi-family dwellings)))) (VP slipped (NP-EXT 2.2 %) (PP-DIR to (NP (NP an annual rate) (PP of (NP 1,022,000)))) (PP-TMP following (NP (NP a (ADJP 3.5 %) decline) (PP-TMP in (NP August))))) .)) (TOP (S (NP-SBJ-1 (NP The number) (PP of (NP (NP building permits) (VP issued (NP *)) (PP for (NP future construction))))) (VP dropped (NP-EXT 2.4 %) (PP-DIR to (NP a 1,296,000 annual rate)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP rising (NP-EXT 3.7 %) (PP-TMP in (NP August)))))) .)) (TOP (S (NP-SBJ-1 All the numbers) (VP were (VP adjusted (NP *-1) (PP-CLR for (NP (NP normal seasonal variations) (PP-LOC in (NP building activity)))))) .)) (TOP (S (NP-SBJ-2 The housing starts numbers) , (ADVP however) , (VP (VP are (NP-PRD (NP one) (PP of (NP (NP the least precise) (PP of (NP (NP the government 's) economic indicators)))))) and (VP are (ADVP-TMP often) (VP revised (NP *-2) (ADVP-MNR significantly) (SBAR-TMP as (S (NP-SBJ-1 more information) (VP is (VP collected (NP *-1)))))))) .)) (TOP (S (S (NP-SBJ Shearson Lehman Hutton Holdings Inc.) (VP posted (NP (NP a sharp third-quarter turnaround) (PP from (ADVP-TMP (NP a year) earlier))))) , but (S (NP-SBJ net income) (VP would (VP have (VP dropped (PP from (NP the second quarter)) (PP without (NP a (ADJP (QP $ 37 million) *U*) after-tax gain)))))) .)) (TOP (S (NP-SBJ The securities firm) (VP posted (NP (NP third-quarter net) (PP of (NP (NP (QP $ 66 million) *U*) , or (NP (NP 64 cents) (NP-ADV a share)) ,)) (PP compared (PP with (NP (NP a restated year-earlier loss) (PP of (NP (NP (QP $ 3 million) *U*) , or (NP (NP 11 cents) (NP-ADV a share))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP climbed (NP-EXT 25 %) (PP-DIR to (NP (QP $ 3.3 billion) *U*)) (PP-DIR from (NP (QP $ 2.6 billion) *U*))) .)) (TOP (S (NP-SBJ The latest period) (VP included (NP (NP the gain) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (NP-PRD (QP $ 77 million) *U*) (PP-TMP before (NP tax))))) , (PP from (NP (NP the (ADJP previously announced) sale) (PP of (NP (NP the institutional money management business) (PP of (NP Lehman Management Co)))))))) .)) (TOP (S (NP-SBJ-1 The 1988 period) (VP was (VP restated (NP *-1) (PP from (NP (NP net income) (PP of (NP (QP $ 8 million) *U*)))) (S-PRP (NP-SBJ *) (VP to (VP correct (NP (NP an overstatement) (PP-LOC in (NP (NP the company 's) Boston Co. subsidiary)))))))) .)) (TOP (S (PP-TMP In (NP the 1989 second quarter)) , (NP-SBJ Shearson) (VP had (NP (NP net income) (PP of (NP (NP (QP $ 55 million) *U*) , or (NP (NP 54 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ An average (QP 102.5 million) common shares) (VP were (ADJP-PRD outstanding) (PP-TMP in (NP the latest quarter)) , (ADVP up (PP from (NP (QP 87.1 million))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Shearson shares) (VP lost (NP 37.5 cents) (PP-DIR to (NP $ 18.125 *U*))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ (NP the improved performance) (PP from (ADVP-TMP (NP a year) ago))) (VP reflects (NP (NP higher commissions and revenue) (PP from (NP (NP marketmaking and trading) (PP for (NP its own account))))))))) .)) (TOP (S (NP-SBJ Commission revenue) (VP was (NP-PRD (QP $ 522 million) *U*) , (ADVP up (NP 49 %))) .)) (TOP (S But (NP-SBJ industrywide trading activity) (VP slowed (PP-TMP in (NP September)) (SBAR-ADV as (S (S (NP-SBJ institutional investors) (VP turned (ADJP-PRD cautious))) and (S (NP-SBJ-1 individuals) (VP continued (S (NP-SBJ *-1) (VP to (VP shy (ADVP-DIR away) (PP-DIR from (NP the market)))))))))) .)) (TOP (S (NP-SBJ Investment banking revenue) (VP fell (NP-EXT 32 %) (PP-DIR to (NP (QP $ 205 million) *U*)) , (S-ADV (NP-SBJ *) (PP in (NP part)) (VP reflecting (NP (NP the continued slowdown) (PP of (NP the underwriting business)))))) .)) (TOP (S (PP-TMP In (NP the nine months)) , (NP-SBJ net) (VP fell (NP-EXT 3 %) (PP-DIR to (NP (NP (QP $ 106 million) *U*) , or (NP (NP 98 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 110 million) *U*) , or (NP (NP $ 1.05 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP advanced (NP-EXT 26 %) (PP-DIR to (NP (QP $ 9.6 billion) *U*)) (PP-DIR from (NP (QP $ 7.6 billion) *U*))) .)) (TOP (S (NP-SBJ Two major drug companies) (VP posted (NP strong third-quarter earnings) , (PP in (NP (NP line) (PP with (NP (NP (NP profits) (VP (ADVP-TMP already) reported (NP *) (PP by (NP-LGS industry leaders)))) and (NP (NP analysts ') expectations)))))) .)) (TOP (S But (NP-SBJ (NP Pfizer Inc.) , (VP based (NP *) (PP-LOC-CLR in (NP New York))) ,) (VP reported (NP flat earnings)) .)) (TOP (S (NP-SBJ (NP Schering-Plough Corp.) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Madison) , (NP N.J.) ,)))) (VP reported (NP (NP a (ADJP 21 %) rise) (PP-LOC in (NP earnings))) (SBAR-ADV as (S (NP-SBJ (NP American Home Products Corp.) (PP of (NP New York))) (VP posted (NP (NP an (ADJP 11 %) increase) (PP-LOC in (NP net))))))) .)) (TOP (NP American Home Products)) (TOP (S (NP-SBJ American Home Products) (VP said (SBAR 0 (S (NP-SBJ (NP sales and earnings) (PP for (NP (NP the third quarter) and (NP nine months)))) (VP were (PP-LOC-PRD at (NP record levels)))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP the third quarter))) (VP increased (NP-EXT 6.5 %) (PP-DIR to (NP (QP $ 1.51 billion) *U*)) (PP-DIR from (NP (QP $ 1.42 billion) *U*))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP health-care products))) (VP increased (NP-EXT 6 %) (PP-TMP in (NP the third quarter)) , (PP based (PP in (NP part)) (PP on (NP (NP (NP strong sales) (PP of (NP (NP prescription drugs) (PP such as (NP (NP Premarin) , (NP an estrogen-replacement drug) ,))))) and (NP (NP sales) (PP of (NP (NP the company 's) infant formula))))))) .)) (TOP (S (NP-SBJ American Home Products) (VP said (SBAR 0 (S (NP-SBJ net income) (VP benefited (PP-CLR from (NP (NP (NP a `` lower effective tax rate) , '' (VP reflecting (NP (NP a reduction) (PP of (NP foreign tax rates))))) , and (NP (NP additional operations) (PP-LOC in (NP Puerto Rico))))))))) .)) (TOP (S (NP-SBJ-1 Net) (ADVP also) (VP was (VP aided (NP *-1) (PP by (NP-LGS (NP a gain) (PP on (NP (NP the sale) (PP of (NP (NP (NP the company 's) equity interests) (PP-LOC in (NP South Africa)))))) (ADJP effective (NP-TMP Sept. 1)))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ American Home Products) (VP closed (PP-CLR at (NP (NP $ 102.25 *U*) (NP-ADV a share))) , (ADVP down (NP 75 cents))) .)) (TOP (NP Pfizer)) (TOP (S (NP-SBJ Pfizer) (VP said (SBAR 0 (S (NP-SBJ third-quarter sales) (VP increased (NP-EXT 4 %) (PP-DIR to (NP (QP $ 1.44 billion) *U*)) (PP-DIR from (NP (QP $ 1.38 billion) *U*)))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ net income) (VP was (ADJP-PRD flat) (PP-PRP because of (NP (NP (NP investment) (PP in (NP research and development))) and (NP (NP costs) (ADJP related (PP to (NP (NP launches) (PP of (NP several products)))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ (NP the dollar 's) continued strengthening) (VP reduced (NP world-wide sales growth) (PP-EXT by (NP three percentage points)))))) .)) (TOP (S (NP-SBJ Pfizer) (VP posted (NP (NP its largest gains) (PP-LOC in (NP (NP (NP healthcare sales) , (ADVP up (NP 3 %)) ,) and (NP (NP consumer products) , (ADVP up (NP 23 %))))))) .)) (TOP (S (S (NP-SBJ (NP Sales) (PP by (NP the specialty chemicals and materials science segments))) (VP were (ADJP-PRD flat))) , and (S (NP-SBJ (NP sales) (PP by (NP the agriculture segment))) (VP declined (NP-EXT 5 %))) .)) (TOP (S (PP-LOC In (NP the health-care segment)) , (S (NP-SBJ pharmaceutical sales) (VP increased (NP-EXT 4 %))) and (S (NP-SBJ (NP sales) (PP of (NP hospital products))) (VP increased (NP-EXT 1 %))) .)) (TOP (S (PP-TMP During (NP the quarter)) , (NP-SBJ Pfizer) (VP received (NP (NP federal approval) (PP of (NP (NP (NP Procardia XL) , (NP (NP a calcium channel blocker) (VP approved (NP *) (PP-CLR for (NP both angina and hypertension)))) ,) and (NP (NP Monorail Piccolino) , (VP used (NP *) (S-CLR (NP-SBJ *) (VP to (VP open (NP obstructed coronary arteries)))))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Pfizer) (VP closed (PP-CLR at (NP (NP $ 67.75 *U*) (NP-ADV a share))) , (ADVP up (NP 75 cents))) .)) (TOP (NP Schering-Plough)) (TOP (S (NP-SBJ Schering-Plough) (VP said (SBAR 0 (S (NP-SBJ sales) (VP gained (NP 2.7 %) (PP-DIR to (NP (QP $ 743.7 million) *U*)) (PP-DIR from (NP (QP $ 724.4 million) *U*)))))) .)) (TOP (S (PP-TMP In (NP the period)) , (NP-SBJ the company) (VP (VP completed (NP (NP the sale) (PP of (NP its European cosmetics businesses)))) , (VP sold (NP (NP a majority interest) (PP in (NP its Brazilian affiliate)))) , and (VP announced (NP (NP the reorganization) (PP of (NP its over-the-counter drug businesses)) (PP into (NP (NP a new unit) , (NP Schering-Plough Health Care Products)))))) .)) (TOP (S (NP-SBJ These actions) (VP did n't (VP affect (NP results) (SBAR-PRP because (S (NP-SBJ-1 (NP the gain) (PP on (NP (NP the sale) (PP of (NP the European cosmetics businesses))))) (VP was (VP offset (NP *-1) (PP by (NP-LGS (NP provisions) (VP relating (PP-CLR to (NP the (NX (NX Brazil divestiture) and (NX drug restructuring))))))))))))) .)) (TOP (S (NP-SBJ-1 U.S. pharmaceutical sales) (VP rose (NP-EXT 15 %) , (S-ADV (NP-SBJ-2 *-1) (VP led (NP *-2) (PP by (NP-LGS (NP allergy , asthma and cold products) ; (NP dermatological products) ; (NP (NP anti-infectives) and (NP anti-cancer products)) ; and (NP cardiovascular products)))))) .)) (TOP (S (NP-SBJ World-wide consumer product sales) (VP declined (NP-EXT 12 %) , (PP-PRP (ADVP primarily) because of (NP the European cosmetics sale))) .)) (TOP (S (NP-SBJ (NP (ADJP Significantly lower) sales) (PP of (NP ` Stay Trim ' diet aids))) (ADVP also) (VP were (NP-PRD (NP a factor) (PP-LOC in (NP the drop)))) .)) (TOP (S (NP-SBJ The Maybelline beauty product line) (VP had (NP higher sales) (PP-TMP following (NP a sluggish first half))) .)) (TOP (S (PP-LOC In (NP Big Board composite trading)) , (NP-SBJ-1 Schering-Plough shares) (VP fell (NP-EXT 75 cents) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 74.125 *U*)))))) .)) (TOP (S (NP-SBJ Swedish auto and aerospace concern Saab-Scania AB) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP (NP a (ADJP (ADJP (QP 250 million) krona) (PRN -LRB- (ADJP (QP $ 39 million) *U*) -RRB-)) order) (PP *ICH*-1)) (PP-CLR from (NP (NP Swiss Crossair) , (NP (NP one) (PP of (NP (NP Europe 's) leading regional air companies))) ,)) (PP-1 for (NP five Saab 340B turboprop commuter aircraft)))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADJP-PRD quite unfortunate) (SBAR-1 that (S (NP-SBJ-2 you) (VP failed (ADVP-MNR so miserably) (PP in (S-NOM (NP-SBJ *-2) (VP reporting (NP the Hurricane Hugo disaster)))))))) .)) (TOP (S (NP-SBJ (NP Your (NAC-TMP Sept. 27) page-one article) `` (S-TTL (NP-SBJ Charleston) (VP Lost (NP (NP Quite a Lot) (NP *ICH*-1)) (PP-CLR to (NP Hugo)) , (NP-1 Especially Gentility))) '') (VP leaves (NP the impression (SBAR that (S (NP-SBJ the storm) (VP was (ADJP-PRD (ADJP little more) (PP than (NP an inconvenience)))))))) .)) (TOP (S (NP-SBJ (NP The damage) (VP reported (NP *))) (VP focused (PP-CLR on (NP (NP a select few) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP owned (NP (NP irreplaceable historic homes) (PP-LOC on (NP the Battery))))))))) .)) (TOP (SINV (VP-TPC-1 Not mentioned (NP *-2)) (VP were (VP *T*-1)) (NP-SBJ-2 (NP (NP (NP the 50,000 people) (VP rendered (S (NP-SBJ *) (ADJP-PRD homeless)))) , and (NP (NP the (QP more than 200,000)) (ADJP out (PP of (NP work))) (PP-TMP for (NP an indeterminable period)))) ; (NP (NP the (QP $ 1 billion-plus) *U*) (PP in (NP (NP losses) (PP to (NP (NP (NP homes) and (NP personal property)) (PP-LOC on (NP the barrier islands))))))) ; (NP (NP the (ADJP near - and long-term) impact) (PP-LOC on (NP (NP (NP the state 's) largest industry) , (NP tourism)))) , (CONJP not to mention) (NP the human suffering)) .)) (TOP (S (PP In (S-NOM (NP-SBJ *-1) (VP centering (PP-CLR on (NP (NP (NP the disruption) (PP of (NP (NP a few proud local customs) (PP such as (NP the historic homes tour))))) and (NP (NP the damage) (PP to (NP the antiquities)))))))) , (NP-SBJ-1 your reporter) (VP served (S (NP-SBJ *-1) (VP to (ADVP only) (VP perpetuate (NP (NP an (ADJP (ADJP outdated) and (ADJP stereotypically provincial)) view) (PP of (NP this (ADJP otherwise thriving) port city))))))) .)) (TOP (S (NP-SBJ-1 The damage) (VP will (ADVP undoubtedly) (VP prove (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP one) (PP of (NP (NP the epic (ADJP human and economic) disasters) (PP of (NP the decade)) (PP-LOC in (NP this country)))))))))) .)) (TOP (NP David M. Carroll)) (TOP (NP (NP Columbia) , (NP S.C .))) (TOP (S (NP-SBJ Your story) (VP was (ADJP-PRD tasteless and insensitive)) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Depicting (NP (NP the people) (PP of (NP a traumatized city)) (VP reeling (PP-CLR from (NP (NP a disaster) (PP of (NP unprecedented proportions)))))))) (VP was (PP at (NP the (ADJP very best))) (ADJP-PRD ludicrous) (PP under (NP the circumstances))) .)) (TOP (S (NP-SBJ-1 Your narrow focus) (VP appears (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a contrived attempt (S (NP-SBJ *) (VP to (VP show (S (NP-SBJ (NP the people) (PP of (NP that historic city))) (VP to (VP be (NP-PRD doddering fools)))))))))))) .)) (TOP (S (NP-SBJ-3 You) (VP had (S (NP-SBJ *-3) (VP to (VP have (VP been (ADJP-PRD blind))))) (S-PRP (NP-SBJ *-3) not (VP to (VP see (NP (NP the scenario) (ADVP-LOC there)) (PP-CLR for (NP (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-4 it) (VP (VP was (NP-PRD *T*-1)) and (VP is (NP-PRD *T*-1)) and (VP will (VP continue (S (NP-SBJ *-4) (VP to (VP be (NP-PRD *T*-1)))) (PP-TMP for (NP (NP months) and even (NP years)))))))) -- (NP (NP a part) (PP of (NP South Carolina)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP has (VP sustained (NP (NP a blow) (SBAR (WHNP-5 that) (S (NP-SBJ the Red Cross) (VP expects (SBAR 0 (S (NP-SBJ *T*-5) (VP will (VP cost (NP (NP that organization) (ADVP alone)) (NP (QP some $ 38 million) *U*)))))))))))))))))))) .)) (TOP (NP William C. Barksdale Jr .)) (TOP (NP (NP Columbia) , (NP S.C .))) (TOP (S (NP-SBJ Charleston) (VP (VP is (ADJP-PRD-1 historic and aristocratic) , (SBAR-ADV-2 as (S (NP-SBJ your reporter) (VP said (SBAR 0 (S *?*)))))) , but not (VP (ADJP-PRD=1 haughty) , (SBAR-ADV=2 as (S (NP-SBJ he) (VP suggested (SBAR 0 (S *?*))))))) .)) (TOP (S (NP-SBJ Charlestonians) (VP (VP are (ADVP instead) (ADJP-PRD indomitable)) and (VP have (VP contributed (ADVP-MNR mightily) (PP-CLR to (NP (NP the culture and history) (PP of (NP our country)))) (PP-TMP for (NP (QP more than 300) years))))) .)) (TOP (S (NP-SBJ I) (VP suggest (SBAR 0 (S (NP-SBJ your reporter) (VP see (NP (NP Charleston) (PP *ICH*-1)) (NP-TMP next spring) (PP-1 in (NP its full glory)))))) .)) (TOP (NP William C. Stuart III)) (TOP (NP (NP Silver Spring) , (NP Md .))) (TOP (S (NP-SBJ (NP Affiliated Bankshares) (PP of (NP Colorado Inc.))) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP (NP its (ADJP 10 %) interest) (PP in (NP Rocky Mountain Bankcard Systems))) (PP-CLR for (NP (QP $ 18.5 million) *U*)) (PP-DTV to (NP (NP (NP Colorado National Bank) (PP of (NP Denver))) and (NP (NP Central Bank) (PP of (NP Denver)))))))))))) .)) (TOP (S (S (NP-SBJ Colorado National) (VP is (NP-PRD (NP a unit) (PP of (NP Colorado National Bankshares Inc.))))) and (S (NP-SBJ Central) (VP is (NP-PRD (NP a unit) (PP of (NP (NP First Bank System) (PP of (NP Minneapolis))))))) .)) (TOP (S (NP-SBJ Affiliated) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP expects (S (NP-SBJ *-2) (VP to (VP record (NP (NP a pretax gain) (PP of (NP (QP about $ 18.5 million) *U*)) (PP from (NP (NP the sale) (PP of (NP the credit-card business)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP should (VP (ADVP more than) offset (NP (NP any reduction) (PP-LOC in (NP (NP the carrying value) (PP of (NP (NP (NP real estate) and (NP real-estate loans)) (PP-LOC on (NP its books))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The U.S. Export-Import Bank) (VP (ADVP-MNR tentatively) decided (S (NP-SBJ *-1) (VP to (VP guarantee (NP (NP commercial bank financing) (PP for (NP (NP the purchase) (PP of (NP two Boeing Co. 767 airliners)) (PP by (NP (NP Avianca) , (NP (NP Colombia 's) international airline) ,)) (PP at (NP (NP a cost) (PP of (NP (QP about $ 150 million) *U*))))))))))) .)) (TOP (S (NP-SBJ The loan guarantee) (VP would (VP amount (PP-CLR to (NP (NP (QP about $ 127.5 million) *U*) , or (NP (NP 85 %) (PP of (NP (NP the cost) (PP of (NP the aircraft))))))))) .)) (TOP (S (PP-PRP Because of (NP (NP the size) (PP of (NP the proposed loan guarantee)))) , (NP-SBJ (NP the Ex-Im Bank 's) preliminary commitment) (VP is (ADJP-PRD subject (PP to (VP (NP review) (PP by (NP-LGS the House and Senate Banking committees)))))) .)) (TOP (S (NP-SBJ Ex-Im Bank officials) (VP said (SBAR 0 (S (NP-SBJ this review process) (ADVP-TMP currently) (VP is (PP-PRD under (NP way)))))) .)) (TOP (S (NP-SBJ Sebastian Guzman Cabrera) (VP took (PRT over) (NP (NP the oil workers union) , (NP (NP Mexico 's) (ADJP most powerful) labor organization) ,) (NP-TMP only last January)) .)) (TOP (S But (PP-TMP even in (NP that short time)) (NP-SBJ Mr. Guzman Cabrera) (VP has (VP become (ADJP-PRD (ADJP as controversial) (PP in (NP his own way)) (PP as (NP (NP (NP his deposed predecessor) , (NP Joaquin Hernandez Galicia) ,) (VP known (NP *) (PP-CLR as (NP La Quina)))))))) .)) (TOP (S (NP-SBJ-3 President Carlos Salinas de Gortari) (VP used (NP the army) (S-CLR (NP-SBJ *-3) (VP to (VP oust (NP (NP La Quina) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP reigned (PP-TMP for (NP 28 years)) (PP-CLR over (NP (NP a graft-riddled empire) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP made (S (NP-SBJ state-run (NX (NX Petroleos Mexicanos) , or (NX Pemex) ,)) (NP-PRD (NP one) (PP of (NP (NP the world 's) (ADJP most inefficient) oil companies))))))))))))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ Mr. Guzman Cabrera) (VP is (VP facing (NP accusations (SBAR that (S (NP-SBJ he) (VP 's (NP-PRD (NP (ADJP as much) a company man) (SBAR as (S (NP-SBJ La Quina) (VP was (NP-PRD a crook))))))))))) .)) (TOP (S (PP-LOC In (NP (NP recent contract negotiations) (PP with (NP Pemex management)))) , (NP-SBJ Mr. Guzman Cabrera) (VP accepted (NP (NP major concessions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (ADVP-MNR greatly) curtail (NP (NP (NP the union 's) role) (PP-LOC in (NP (NP subcontracting) , (RRC (ADVP-TMP long) (NP (NP a source) (PP of (NP (NP millions) (PP of (NP dollars)) (PP in (NP illicit earnings)))))))))))))) .)) (TOP (S And (PP with (S-NOM (NP-SBJ (NP the quiet pragmatism) (PP of (NP Mr. Guzman Cabrera))) (VP replacing (NP (NP the prickly populism) (PP of (NP La Quina)))))) , (NP-SBJ-1 government technocrats) (VP have (VP been (VP given (NP *-1) (NP (NP a free hand) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP open (NP the petrochemical sector) (PP-CLR to (NP wider private and foreign investment)) (ADVP-MNR *T*-2))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Guzman Cabrera 's) new order) (VP has n't (VP arrived (PP without (NP resistance)))) .)) (TOP (S (NP-SBJ (NP Brawls) (PP between (NP union factions))) (ADVP-TMP still) (VP erupt (PP-LOC at (NP Pemex installations))) .)) (TOP (S (NP-SBJ-1 Leftist leader Cuauhtemoc Cardenas) (VP (ADVP-MNR publicly) questioned (NP (NP Mr. Guzman Cabrera 's) `` moral quality) , '' (S-ADV (NP-SBJ *-1) (VP suggesting (SBAR 0 (S (NP-SBJ he) (VP is (NP-PRD (NP part) (PP of (NP a conspiracy (S (NP-SBJ *) (VP to (VP turn (PRT over) (NP-PRD (NP (NP the country 's) oil) , (NP (NP a symbol) (PP of (NP Mexican nationalism))) ,) (PP-CLR to (NP foreigners)))))))))))))) .)) (TOP (S (NP-SBJ The 61-year-old Mr. Guzman Cabrera) (VP takes (NP such criticisms) (PP-MNR in (NP stride))) .)) (TOP (S `` (S (NP-SBJ This) (VP is n't (NP-PRD (NP a new kind) (PP of (NP union leadership))))) , (S (NP-SBJ it) (VP 's (NP-PRD a new Mexico))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 We) (VP 're (ADVP-TMP no longer) (ADJP-PRD afraid (PP of (S-NOM (NP-SBJ *-2) (VP associating (PP-CLR with (NP (ADJP private or foreign) capital)))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Pemex) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP produces (NP (NP 40 %) (PP of (NP government revenue)))))) ,) (VP (ADVP-MNR desperately) needs (NP new investment)) .)) (TOP (S (SBAR-TMP Since (S (NP-SBJ world oil prices) (VP collapsed (PP-TMP in (NP 1982))))) , (NP-SBJ-1 the government) (VP has (VP siphoned (NP (NP Pemex 's) coffers) (S-PRP (NP-SBJ *-1) (VP to (VP make (NP (NP payments) (PP on (NP (NP Mexico 's) (ADJP (QP $ 97 billion) *U*) foreign debt)))))))) .)) (TOP (S (NP-SBJ-2 (SBAR *T*-1) (NP Little money)) (VP has (VP been (VP returned (NP *-2) (SBAR-TPC-1 (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP upgrade (NP (NP Pemex 's) aging facilities) (ADVP-MNR *T*-3)))))))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ the government) (VP drains (NP Pemex) (PP from (NP above))))) , (NP-SBJ the union) (VP has (VP drained (NP it) (PP from (NP below)))) .)) (TOP (S (NP-SBJ (NP A bloated payroll) and (NP pervasive graft)) (VP caused (S (NP-SBJ (NP Pemex 's) operating costs) (VP to (VP balloon (PP-DIR to (NP (NP (NP 95 cents) (PP of (NP (NP each $ 1 *U*) (PP in (NP sales))))) , (PP-LOC (ADVP far) above (NP the industry norm)))))))) .)) (TOP (S (NP-SBJ (NP The declines) (PP-LOC in (NP investment and efficiency))) (VP explain (PP in (NP part)) (SBAR-NOM (WHADVP-1 why) (S (NP-SBJ Mexico) (VP has (VP been (VP importing (NP gasoline) (NP-TMP this year) (ADVP-PRP *T*-1))))))) .)) (TOP (S (NP-SBJ Some projections) (VP show (S (NP-SBJ Mexico) (VP importing (NP crude) (PP-TMP by (NP (NP the end) (PP of (NP the century)))) , (PP barring (NP (NP an overhaul) (PP of (NP operations))))))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-ADV (WHNP-1 Whatever) (S (NP-SBJ-3 you) (VP tried (S (NP-SBJ *-3) (VP to (VP change (NP *T*-1))))))) , (SBAR-ADV whether (S (NP-SBJ it) (VP was (S-NOM-PRD (NP-SBJ *) (VP (VP cutting (NP costs)) or (VP attracting (NP new partners))))))) , (NP-SBJ the big obstacle) (VP was (NP-PRD the old union leadership))) , '' (VP says (S *T*-2)) (NP-SBJ oil consultant George Baker) .)) (TOP (S (NP-SBJ *) (VP Enter (NP (NP Mr. Guzman Cabrera) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (NP (NP a clear understanding) (PP of (SBAR-NOM (WHADVP-2 where) (S (NP-SBJ union leaders) (VP fit (PP-LOC in (NP (NP the pro-enterprise regime) (PP of (NP President Salinas)))) (ADVP-LOC *T*-2))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 'm (NP-PRD the secretary-general) , (SBAR-ADV if (S (NP-SBJ there) (VP is (NP-PRD one)))))) , '' (NP-SBJ-2 he) (VP says (S *T*-1) , (S-ADV (NP-SBJ *-2) (VP greeting (NP (NP a visitor) (PP to (NP his office)))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Beginning (PP-CLR as (NP (NP a laborer) (PP-LOC in (NP a refinery)))))) , (NP-SBJ-2 Mr. Guzman Cabrera) (VP put (PRT in) (NP (QP more than 40) years) (PP-LOC at (NP Pemex)) (PP-TMP before (S-NOM (NP-SBJ-1 *-2) (VP being (VP pushed (NP *-1) (PP-DIR into (NP retirement)) (PP by (NP-LGS La Quina)) (PP-TMP after (NP (NP a dispute) (ADVP-TMP (NP two years) ago)))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ he) (ADVP also) (ADVP-TMP long) (VP benefited (PP-CLR from (NP (NP the system) (VP built (NP *) (PP by (NP-LGS La Quina)))))))) , (NP-SBJ Mr. Guzman Cabrera) (VP says (SBAR 0 (S (NP-SBJ union perks) (VP had (ADVP simply) (VP gotten (ADJP-PRD out (PP of (NP hand)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ They) (VP are `` (PP-LOC-PRD at (NP (NP the base) (PP of (NP (NP all) (PP of (NP (NP the problems) (PP of (NP corruption)))))))))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP Thus) , (PP-LOC in (NP recent contract negotiations)) , (NP-SBJ Mr. Guzman Cabrera) (VP gave (PRT up) (NP (NP the union 's) right (S (NP-SBJ *) (VP to (VP assign (NP (NP 40 %) (PP of (NP (NP (NP all) (PP of (NP (NP Pemex 's) outside contracts))) -- (NP (NP an enormous source) (PP of (NP kickbacks))))))))))) .)) (TOP (S (NP-SBJ The union) (ADVP also) (VP ceded (NP (NP the (ADJP 2 %) commission) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP had (VP received (NP *T*-1) (PP on (NP all Pemex maintenance contracts)))))))) .)) (TOP (S -LRB- (NP-SBJ The union) (VP will (VP keep (NP (NP a (ADJP 2 %) commission) (PP on (NP construction projects))))) . -RRB-)) (TOP (S (NP-SBJ The new contract) (ADVP also) (VP eliminates (NP (NP the (ADJP $ 15 *U*) monthly coupon) , (ADJP good (PP-LOC (ADVP only) at (NP union-owned grocery stores))) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP part) (PP of (NP (NP the salary) (PP of (NP (NP every worker) , (PP (PP from (NP roughneck)) (PP to (NP chief executive))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (QP About 9,800) technical workers) , (NP notably chemists and lawyers) ,) (VP were (VP switched (NP *-1) (PP-CLR to (NP non-union status)))) .)) (TOP (S (S-TPC-1 (ADVP Also) , (PP-PRP because of (NP its reduced capital budget)) , (NP-SBJ Pemex) (VP has (VP phased (PRT out) (NP (QP about 50,000) transitory construction workers) , (S-ADV (NP-SBJ *) (VP reducing (NP the work force) (PP-CLR to (NP (QP about 140,000)))))))) , (NP-SBJ the union leader) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Mr. Guzman Cabrera) (VP says (SBAR 0 (S (NP-SBJ-1 (NP the union 's) sacrifices) (VP will (VP be (VP offset (NP *-1) (PP by (NP-LGS (NP a wage and benefit package) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP amounts (PP-CLR to (NP (NP a (ADJP 22 %) increase) (PP in (NP compensation))))))))))))))) .)) (TOP (S But (NP-SBJ Pemex managers) (VP are (NP-PRD (NP the ones) (VP most thrilled (NP *) (PP by (NP-LGS the contract))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP are (VP retaking (NP (NP the instruments) (PP of (NP administration)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Raul Robles) , (NP a Pemex subdirector)) .)) (TOP (S (S (NP-SBJ Pemex officials) (VP would n't (VP say (SBAR-NOM (WHNP-1 (WHADJP how much) money) (S (NP-SBJ the new contract) (VP would (VP save (NP the company) (NP *T*-1)))))))) , but (S (NP-SBJ one previous government estimate) (VP pegged (NP savings) (PP-CLR at (NP (NP (QP around $ 500 million) *U*) (NP-ADV a year))))) .)) (TOP (S (NP-SBJ-1 (NP Pemex 's) customers) (ADVP also) (VP are (VP pleased (NP *-1) (PP with (NP (NP the company 's) new spirit)))) .)) (TOP (S (NP-SBJ-1 (NP Grupo Desc) , (NP a big conglomerate) ,) (VP has (ADVP-TMP long) (VP depended (PP-CLR on (NP Pemex petrochemicals)) (S-CLR (NP-SBJ *-1) (VP to (VP produce (NP plastic packing material)))))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the Pemex plant) (VP shut (PRT down) (PP-PRP for (NP an annual overhaul)) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP would (ADVP-TMP never) (VP give (NP notice) (PP-DTV to (NP its customers)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The capriciousness) (VP would (VP (ADVP-MNR completely) disrupt (NP our operations)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Ernesto Vega Velasco) , (NP (NP Desc 's) finance director)) .)) (TOP (S (NP-TMP This year) , (PP for (NP the first time)) , (NP-SBJ-1 (NP Desc) and (NP other customers)) (VP were (VP consulted (NP *-1) (PP-TMP (ADVP well) in (NP (NP advance) (PP of (NP (NP the Pemex plant 's) shutdown)))) (S-PRP (NP-SBJ *) (VP to (VP ensure (NP minimal inconvenience)))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Taming (NP the union))) (VP complements (NP (NP previous moves (S *ICH*-1)) (PP by (NP-LGS the government)) (S-1 (NP-SBJ *) (VP to (VP attract (NP (NP private investment) (PP in (NP (NP petrochemicals) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 Mexico) (VP has (VP been (VP forced (S (NP-SBJ *-3) (VP to (VP import (NP *T*-2) (PP in (NP large quantities))))) (PP-TMP in (NP recent years))))))))))))))) .)) (TOP (S (PP-TMP In (NP May)) , (NP-SBJ the government) (VP unveiled (NP (NP new foreign investment regulations) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP create (NP (NP special trusts) (VP allowing (S (NP-SBJ (NP foreigners) , (VP (ADVP-TMP long) limited (NP *) (PP-CLR to (NP (NP a (ADJP 40 %) stake) (PP-LOC in (NP secondary petrochemical companies))))) ,) (VP to (VP own (NP (QP up to 100) %))))))))))) .)) (TOP (S (ADVP-TMP Later) , (NP-SBJ the government) (VP reclassified (NP several basic petrochemicals) (PP-CLR as (NP secondary products))) .)) (TOP (S But (NP-SBJ (NP (NP Pemex 's) courtship) (PP with (NP (NP private companies) , and (ADVP especially) (NP foreign ones) ,))) (VP is (ADJP-PRD controversial) (PP-LOC in (NP (NP a country) (SBAR-LOC (WHADVP-2 where) (S (NP-SBJ oil) (VP has (VP been (NP-PRD (NP a symbol) (PP of (NP national sovereignty))) (SBAR-TMP since (S (NP-SBJ-1 foreign oil holdings) (VP were (VP nationalized (NP *-1) (PP-TMP in (NP 1938)))))) (ADVP-LOC *T*-2)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ They) (VP are (VP preparing (NP the workers) (PP-CLR for (NP (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP 's (VP coming)))) : (NP foreign control)))))) , '' (VP wrote (S *T*-2)) (NP-SBJ (NP Heberto Castillo) , (NP a leftist leader)) .)) (TOP (S (NP-SBJ (NP Mr. Guzman Cabrera) and (NP government officials)) (VP insist (SBAR that (S (NP-SBJ-1 foreigners) (VP will (VP be (VP limited (NP *-1) (PP-CLR to (S-NOM (NP-SBJ *-1) (VP investing (PP-CLR in (NP secondary petroleum products))))))))))) .)) (TOP (S But (NP-SBJ the new union leader) (VP makes (NP no apologies) (PP for (NP (NP Pemex 's) (ADJP more outward-looking) attitude))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ we) (VP do not (VP integrate (PP-CLR into (NP (NP this new world) (PP of (NP interdependence)))))))) , (ADVP-TMP sooner or later) (NP-SBJ-2 we) (VP 're (VP going (S (NP-SBJ *-2) (VP to (VP become (NP-PRD (NP victims) (PP of (NP our own isolation))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ-1 Couple Counseling) (VP Grows (S-PRP (NP-SBJ *-1) (VP to (VP Defuse (NP Stress))))))) (TOP (S (NP-SBJ MORE (NX (NX EXECUTIVES) and (NX their spouses))) (VP are (VP seeking (NP counseling) (SBAR-ADV as (S (NP-SBJ work and family pressures) (VP mount))))) .)) (TOP (S (NP-SBJ Some employers) (VP initiate (NP referrals) , (SBAR-ADV (ADVP especially) if (S (NP-SBJ work problems) (VP threaten (NP (NP a top manager 's) job))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ Many couples) `` (VP are (UCP-PRD (PP like (NP (NP ships) (VP passing (PP-TMP in (NP the night))))) , '' (NP (NP a communications gulf) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP sparks (NP problems) (PP-LOC (PP on (NP the job)) and (PP at (NP home)))))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ psychologist Harry Levinson) .)) (TOP (S (NP-SBJ (NP His Levinson Institute) (PP-LOC in (NP (NP Belmont) , (NP Mass.) ,))) (VP has (VP seen (PP-TMP in (NP recent years)) (NP (NP a doubling) (PP-LOC in (NP (NP the number) (PP of (NP executives and spouses)) (PP-LOC at (NP its weeklong counseling program))))))) .)) (TOP (S-2 (NP-SBJ-3 Employers) (VP foot (NP the bill) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) ,) (S-ADV (NP-SBJ *-3) (VP figuring (SBAR 0 (S (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD good (PP for (NP the couple)))))) (VP is (ADJP-PRD good (PP for (NP the company))))))))) .)) (TOP (S (NP-SBJ-2 One East Coast manufacturing executive) , (S-ADV (NP-SBJ-3 *-2) (VP faced (NP *-3) (PP-CLR with (NP (NP a job transfer) (SBAR (WHNP-1 0) (S (NP-SBJ his wife) (VP resented (NP *T*-1)))))))) , (VP found (SBAR that (S (NP-SBJ counseling) (VP helped (S (NP-SBJ them) both (VP come (PP-CLR to (NP (NP grips) (PP with (NP the move)))))))))) .)) (TOP (S And (NP-SBJ (NP the vice president) (PP of (NP a large Midwestern company))) (VP realized (SBAR that (S (NP-SBJ an abrasive temperament) (VP threatened (NP his career)))) (SBAR-ADV (WHADVP-1 when) (S (NP-SBJ his wife) (VP confided (SBAR that (S (NP-SBJ (NP similar behavior) (PP-LOC at (NP home))) (VP harmed (NP their marriage)))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ More dual-career couples) (ADVP also) (VP are (VP getting (NP help) , (PP with (S-NOM (NP-SBJ men) (ADVP increasingly) (VP bringing (NP their working wives) (PP-PRP for (NP joint counseling))))))) .)) (TOP (SINV `` (S-2 (NP-SBJ (NP The level) (PP of (NP stress)) (PP for (NP a woman))) (VP is (ADVP-TMP often) (ADJP-PRD (ADJP so high) , (SBAR 0 (S-CLF (NP-SBJ it) (VP 's (NP-PRD the husband) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP says , ` (S (NP-SBJ I) (VP 'm (ADJP-PRD worried (PP about (NP her)))))))))))))) , ' '' (VP says (S *T*-2)) (NP-SBJ psychologist Marjorie Hansen Shaevitz) .)) (TOP (S (NP-SBJ (NP Her Institute) (PP for (NP Family and Work Relationships)) (PP-LOC in (NP (NP La Jolla) , (NP Calif.) ,))) (VP has (VP noted (NP (NP a doubling) (PP-LOC in (NP (NP the number) (PP of (NP (NP couples) (VP seeking (NP help)))))) (NP-TMP the past two years)))) .)) (TOP (SINV `` (S-TPC-3 (ADVP No matter (SBAR (WHADJP-1 how competent and smart) (S (NP-SBJ you) both (VP are (ADJP-PRD *T*-1))))) , (NP-SBJ the relationship) (ADVP almost certainly) (VP will (VP erode (SBAR-ADV if (S (NP-SBJ you) (VP do n't (VP have (NP (NP time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP (VP to (VP talk)) , (VP to (VP have (NP fun))) and (VP to (VP be (ADJP-PRD sexual))) (ADVP-TMP *T*-2)))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ Ms. Shaevitz) .)) (TOP (S (NP-SBJ She) (VP urges (NP-1 client couples) (S (NP-SBJ-2 *-1) (VP to (VP begin (NP a `` detoxification '' period) , (S-ADV (NP-SBJ *-2) (VP (VP purging (NP (ADJP (ADJP social) and (ADJP other nonproductive)) activities)) and (VP setting (NP time) (ADVP-CLR apart) (PP for (NP themselves))))))))) .)) (TOP (S-1 `` (S-NOM-SBJ (NP-SBJ *) (VP Putting (NP those times) (PP-PUT on (NP the calendar)))) (PRN , '' (S (NP-SBJ she) (VP says (S *T*-1))) ,) `` (VP is (ADJP-PRD (ADJP as important) (PP as (S-NOM (NP-SBJ *) (VP remembering (NP business appointments)))))) . '')) (TOP (S-HLN (NP-SBJ (NP Power) (PP of (NP Suggestion))) (ADJP-PRD Stronger) (PP-LOC in (NP Japan)))) (TOP (S (S (ADVP-PRD-TPC-3 HERE) (VP 'S (ADVP-PRD *T*-3)) (NP-SBJ (NP (ADJP ONE more) explanation) (PP for (SBAR-NOM (WHADVP-1 why) (S (NP-SBJ Japan) (VP is (NP-PRD a tough industrial competitor) (ADVP-PRP *T*-1))))))) : (S (NP-SBJ (QP Two of three) Japanese employees) (VP submit (NP (NP suggestions) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP (VP save (NP money)) , (VP increase (NP efficiency)) and (VP boost (NP morale))))))) , (SBAR-ADV while (S (NP-SBJ (NP (QP only 8) %) (PP of (NP American workers))) (VP do (VP *?*)))))) .)) (TOP (S And (NP-SBJ the Japanese) (VP make (NP (NP (ADJP far more) suggestions) -- (NP (NP (NP 2,472) (PP per (NP 100 eligible employees))) vs. (NP (NP only 13) (PP per (NP 100 employees)) (PP-LOC in (X the)))))))) (TOP (S (NP-SBJ (NP Data) (PP for (NP 1987)) (PP from (NP (NP (NP the National Association) (PP of (NP Suggestion Systems))) and (NP the Japan Human Relations Association)))) (ADVP also) (VP indicate (SBAR that (S (NP-SBJ Japanese employers) (VP adopt (NP (QP four of five) suggestions) , (SBAR-ADV while (S (NP-SBJ their U.S. counterparts) (VP accept (NP (QP just one in four))))))))) .)) (TOP (S (PP-LOC In (NP Japan)) , (NP-SBJ-1 small suggestions) (VP are (VP encouraged (NP *-1))) .)) (TOP (S (NP-SBJ-1 Each new employee) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP submit (NP four) (ADVP-TMP daily) (PP-TMP in (NP (NP the first few months) (PP on (NP the job))))))))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ-2 U.S. companies) (VP tend (S (NP-SBJ *-2) (VP to (VP favor (NP (NP suggestions) `` (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP go (PP-CLR for (NP the home runs))))))))))) , '' (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Gary Floss) , (NP (NP vice president) (PP of (NP corporate quality)) (PP-LOC at (NP Control Data Corp)))) .)) (TOP (S (NP-SBJ-1 That) (VP helps (S (NP-SBJ *-1) (VP explain (SBAR (WHADVP-2 why) (S (NP-SBJ American employers) (VP grant (NP (NP an average award) (PP of (NP (NP $ 604.72 *U*) (PP per (NP suggestion))))) , (SBAR-ADV while (S (NP-SBJ (NP Japan 's) payment) (VP is (NP-PRD $ 3.23 *U*)))) (ADVP-PRP *T*-2))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP (NP suggestions ') net savings) (PP per (NP 100 employees))) (VP is (NP-PRD (NP (NP $ 274,475 *U*) (PP-LOC in (NP Japan))) vs. (NP (NP $ 24,891 *U*) (PP-LOC in (NP the U.S))))) .)) (TOP (S (NP-SBJ (NP U.S. companies) (VP developing (NP management teams))) (VP are (VP wrestling (PP-CLR with (SBAR-NOM (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP handle (NP individual suggestion systems) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (NP-SBJ Control Data) , (PP for (NP one)) , (VP plays (PRT down) (NP its employee suggestion program) (SBAR-PRP because (S (NP-SBJ it) (VP favors (NP the team-management focus))))) .)) (TOP (NP-HLN (NP Merger Fallout) : (S (NP-SBJ *) (VP Beware (NP Employee Dishonesty))))) (TOP (S (NP-SBJ CORPORATE security directors) (ADVP increasingly) (VP worry (SBAR that (S (NP-SBJ merger mania) (VP spawns (NP (NP a rise) (PP-LOC in (NP employee dishonesty))))))) .)) (TOP (S (NP-SBJ A Security magazine survey) (VP places (NP (NP the effect) (PP of (NP takeovers and buy-outs))) (PP-LOC-CLR among (NP (NP the industry 's) 10 biggest challenges))) .)) (TOP (SINV `` (S-TPC-3 (SBAR-ADV If (S (NP-SBJ it) (VP causes (S (NP-SBJ management) (VP to (VP take (NP their eye) (PP-CLR off (NP the ball)))))))) , (NP-SBJ-2 inventory shrinkage) (VP is (VP going (S (NP-SBJ-1 *-2) (VP to (VP be (VP affected (NP *-1)))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Lewis Shealy) , (NP (NP vice president) (PP for (NP loss prevention)) (PP-LOC at (NP (NP Marshall Field 's) , (NP the department store chain))))) .)) (TOP (S (NP-SBJ (NP A separate study) (PP of (NP (NP the extent) (PP of (NP employee misconduct))))) (VP linked (NP general job satisfaction) (PP-CLR to (NP property loss))) .)) (TOP (S (NP-SBJ Co-author Richard Hollinger) (VP cites (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happened (PP-LOC at (NP (NP one family-owned company) (VP absorbed (NP *) (PP by (NP-LGS a foreign giant))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Pilferage) (VP climbed (ADVP-MNR dramatically) (SBAR-ADV as (S (NP-SBJ many angry employees) `` (VP felt (ADJP-PRD abandoned (PP by (NP the former owners)))))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ the (NAC University (PP of (NP Florida))) sociologist) .)) (TOP (S But (NP-SBJ top management) (VP should (VP watch (PP-CLR for (NP (NP other tell-tale signs) (PP of (NP employee misdeeds)) , (PP like (NP (NP expense-account fudging) and (NP phone misuse))))))) .)) (TOP (S (NP-SBJ (NP Security consultant Dennis Dalton) (PP of (NP (NP Ventura) , (NP Calif.) ,))) (VP thinks (SBAR 0 (S (NP-SBJ mergers) (ADVP-TMP often) (VP trigger (NP (NP (NP longer lunch hours) and (NP increased absenteeism)) , (NP (NP conduct) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP can (VP sap (NP the bottom line) (ADVP (ADVP more) (PP than (NP thefts))))))))))))) .)) (TOP (S (NP-SBJ New management) (VP can (VP take (NP several steps) (S-CLR (NP-SBJ *) (VP to (VP reduce (NP dishonesty)))))) .)) (TOP (SINV-2 (ADJP-PRD-TPC-3 Most important) (PRN , (S (NP-SBJ experts) (VP say (SBAR 0 (SINV *T*-2)))) ,) (VP is (ADJP-PRD *T*-3)) (S-SBJ (NP-SBJ *) (VP to (VP show (SBAR that (S (NP-SBJ-1 (NP a company 's) ethical tone) (VP is (VP set (NP *-1) (PP-LOC at (NP the top))))))))) .)) (TOP (S (NP-SBJ Mr. Dalton) (ADVP also) (VP recommends (SBAR that (S (NP-SBJ-1 the chief executive) (VP (VP establish (NP a rumor control center)) and (VP move (ADVP-MNR swiftly) (S-PRP (NP-SBJ *-1) (VP to (VP bolster (NP morale))))))))) .)) (TOP (S (NP-SBJ (NP Consultant John Keller) (PP of (NP (NP Southlake) , (NP Texas) ,))) (VP urges (SBAR that (S (NP-SBJ top management) (VP adopt (NP (NP a `` tough hands-on approach '') (PP with (NP (ADJP very tight) controls and monitoring))))))) .)) (TOP (S And (NP-SBJ security authority Robert L. Duston) (VP favors (S (NP-SBJ *) (VP disciplining (NP (NP all employees) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP cheat))))))) .)) (TOP (S-HLN (NP-SBJ-1 Firms) (VP Walk (NP Fine Line) (PP In (S-NOM (NP-SBJ *-1) (VP Distributing (NP Profits))))))) (TOP (SQ ARE (NP-SBJ-1 CORPORATE profits) (VP distributed (NP *-1) (ADVP-MNR fairly)) ?)) (TOP (S (NP-SBJ (NP A survey) (PP by (NP (NP Sirota , Alper & Pfau) , (NP a New York consulting firm) ,))) (VP underscores (NP (NP the difficulty) (PP for (NP top management)) (PP in (S-NOM (NP-SBJ *) (VP satisfying (NP employees and investors) (PP on (NP that score))))))) .)) (TOP (S (NP-SBJ (QP Nearly seven of 10) investors) (VP think (SBAR 0 (S (NP-SBJ companies) (VP reinvest (NP `` (NP too little) '' (PP of (NP their profits))) (PP-CLR in (NP the business)))))) .)) (TOP (S And (NP-SBJ (NP half the employees) (VP surveyed (NP *))) (VP think (SBAR 0 (S (NP-SBJ companies) (VP dole (PRT out) (NP too little) (PP-CLR to (NP them)))))) .)) (TOP (S (S But (NP-SBJ both) (VP see (NP a common enemy))) : (S (NP-SBJ (NP (NP (QP About 66) %) (PP of (NP employees))) and (NP (NP 73 %) (PP of (NP investors)))) (VP think (SBAR 0 (S (NP-SBJ senior managers) (VP get (NP (NP (ADJP too big) a slice) (PP of (NP the profit pie)))))))) .)) (TOP (S (NP-SBJ (NP Bank) (PP of (NP New York Co.))) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (PP in (NP principle)) (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP the credit-card business) (PP of (NP (NP Houston-based First City Bancorp.) (PP of (NP Texas))))) (PP-CLR for (NP (QP between $ 130 million and $ 134 million) *U*))))))))) .)) (TOP (S (NP-SBJ (NP The move) , (ADJP subject (PP to (NP a definitive agreement))) ,) (VP is (NP-PRD (NP part) (PP of (NP (NP a trend) (PP by (NP (NP big-city banks) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP have (VP been (VP buying (PRT up) (NP credit-card portfolios) (S-PRP (NP-SBJ *-2) (VP to (VP expand (NP their business))))))))))))))) .)) (TOP (S (NP-TMP Just last month) , (NP-SBJ-3 a (NAC Bank (PP of (NP New York))) subsidiary) (VP agreed (S (NP-SBJ *-3) (VP to (VP buy (NP (NP the credit-card operation) (PP of (NP (NP Dreyfus Corp. 's) Dreyfus Consumer Bank))) (PP-CLR for (NP (QP $ 168 million) *U*)) , (NP-ADV (NP a transaction) (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP is (VP expected (S (NP-SBJ-1 *-4) (VP to (VP be (VP completed (NP *-1) (PP-TMP by (NP (NP the end) (PP of (NP the year))))))))))))))))) .)) (TOP (S (NP-SBJ (NP First City 's) portfolio) (VP includes (NP (NP (QP approximately 640,000) accounts) (PP with (NP (NP (QP about $ 550 million) *U*) (PP in (NP (NP loans) (ADJP outstanding))))))) .)) (TOP (S (NP-SBJ-2 (NP First City) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP issues (NP both MasterCard and Visa cards)))) ,) (VP has (VP agreed (S (NP-SBJ *-2) (VP to (VP act (PP-CLR as (NP an agent bank))))))) .)) (TOP (S (PP-TMP At (NP (NP the end) (PP of (NP the third quarter)))) , (NP-SBJ (NP Bank) (PP of (NP (NP New York 's) credit-card business))) (VP consisted (PP-CLR of (NP (NP (QP 2.4 million) accounts) (PP with (NP (NP (QP $ 3.6 billion) *U*) (PP in (NP (NP loans) (ADJP outstanding)))))))) .)) (TOP (S (NP-SBJ (NP Bank) (PP of (NP New York))) (VP is (ADVP-TMP currently) (NP-PRD (NP the seventh-largest issuer) (PP of (NP credit cards)) (PP-LOC in (X the)))))) (TOP (S (NP-SBJ First City) (VP said (SBAR that (S (PP-PRP because of (NP (NP increased competition) (PP-LOC in (NP the credit-card business)))) , (NP-SBJ it) (VP had (VP decided (SBAR 0 (S (NP-SBJ-1 it) (VP (ADVP either) had (S (NP-SBJ *-1) (VP to (VP (VP expand (NP its own holdings) (ADVP-MNR substantially)) or (VP sell (NP them))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD a good prospect (SBAR that (S (NP-SBJ-1 competition) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP get (ADJP-PRD pretty fierce)))) (PP-LOC in (NP this market)))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP James E. Day) , (NP a First City vice president)) .)) (TOP (S `` (NP-SBJ We) (VP see (S (NP-SBJ it) (VP becoming (NP-PRD (NP a bargain-basement kind) (PP of (NP business)))))) . '')) (TOP (S (NP-SBJ The company) (VP estimated (SBAR that (S (NP-SBJ the transaction) (VP would (VP enhance (NP (NP its book value) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP stood (PP-CLR at (NP (NP $ 28.55 *U*) (NP-ADV a share))) (PP-TMP on (NP Sept. 30))))) ,) (PP-EXT by (NP (NP (QP more than $ 100 million) *U*) , or (NP (NP (QP about $ 4) *U*) (NP-ADV a share))))))))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ the transaction) (VP would (VP (VP bolster (NP after-tax earnings) (PP-EXT by (NP (NP $ 3.25 *U*) (NP-ADV a share))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 *) (VP completed (NP *-2) (ADVP-TMP *T*-1))))) and (VP boost (NP its primary capital ratio) (PP-DIR to (NP 7 %)) (PP-DIR from (NP 6.63 %)))))))) .)) (TOP (S (NP-SBJ (NP First City) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP recently) (VP purchased (NP three small Texas banking concerns)))) ,) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP would (VP use (NP the proceeds) (S-CLR (NP-SBJ *-2) (VP to (VP pursue (NP (NP additional expansion opportunities) (UCP-LOC (PP in (NP the Southwest)) and (ADVP elsewhere))))))))))) .)) (TOP (S (SBAR-ADV With (S (NP-SBJ that possibility) (PP-PRD in (NP mind)))) , (NP-SBJ analysts) (VP said (SBAR 0 (S (NP-SBJ the transaction) (VP was (NP-PRD (NP a positive move) (PP for (NP First City))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-1 they) (VP 'll (VP be (ADJP-PRD able (S (NP-SBJ-3 *-1) (VP to (VP move (ADVP-MNR faster) (S-PRP (NP-SBJ *-3) (VP to (VP make (NP acquisitions) (PP-LOC in (NP Texas))))))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Brent Erensel) , (NP (NP an analyst) (PP with (NP Donaldson , Lufkin & Jenrette)))) .)) (TOP (S `` (NP-SBJ That) (VP 's (NP-PRD (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP can (VP do (NP *T*-1) (ADVP-MNR very well))))))) .)) (TOP (S (NP-SBJ British Airways PLC) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP seeking (NP (NP improved terms) and (NP a (ADJP sharply lower) price)) (PP-LOC in (NP (NP any revised bid) (PP for (NP United Airlines parent (NP UAL Corp.))))) (PP-TMP following (NP (NP the collapse) (PP of (NP a (ADJP (ADJP (QP $ 6.79 billion) *U*) , (ADJP $ 300-a-share *U*)) buy-out bid ))))))))) .)) (TOP (S (NP-SBJ (NP Derek Stevens) , (NP (NP British Air 's) chief financial officer) ,) (VP (VP told (NP Dow Jones Professional Investor Report) (SBAR 0 (S (NP-SBJ (NP a price) (PP of (NP (NP $ 230 *U*) (NP-ADV a share)))) (VP is `` (ADVP certainly) not (ADJP-PRD too low))))) , '' and (VP indicated (SBAR 0 (S (NP-SBJ-1 his company) (VP would (VP like (S (NP-SBJ *-1) (VP to (VP reduce (NP (NP the size) (PP of (NP its (ADJP (QP $ 750 million) *U*) cash investment)))))))))))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR 0 (S (NP-SBJ-2 the airline) (VP (VP is n't (VP committed (NP *-2) (PP-CLR to (S-NOM (NP-SBJ *-2) (VP going (ADVP-CLR forward) (PP with (NP any new bid))))))) , and (VP has n't (VP participated (PP-CLR in (NP (NP bankers ') efforts (S (NP-SBJ *) (VP to (VP revive (NP (NP the transaction) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP collapsed))))))))))))))) .)) (TOP (S `` (NP-SBJ-1 We) (VP 're (PP in (NP no way)) (VP committed (NP *-1) (PP-CLR to (S-NOM (NP-SBJ a deal) (VP going (ADVP-CLR through)))) (ADVP at all))) .)) (TOP (S (NP-SBJ We) (VP 're not (VP rushing (PP-DIR into (NP anything)))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 We) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP party) (PP to (NP a second rejection))))))))) , '' (NP-SBJ-3 he) (VP said (S *T*-2) , (S-ADV (NP-SBJ *-3) (VP adding (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP coming (PRT up) (PP-CLR with (NP a revised offer)))) (VP could (ADVP easily) (VP take (NP several weeks)))))))) .)) (TOP (S (NP-SBJ-2 (NP Mr. Stevens 's) remarks) , (S-ADV (NP-SBJ *-2) (VP confirming (NP (NP a report (SBAR *ICH*-3)) (PP-LOC in (NP The Wall Street Journal)) (SBAR-3 that (S (NP-SBJ-1 British Air) (VP wants (S (NP-SBJ *-1) (VP to (VP start (PP from (NP scratch)) (PP-LOC in (NP (NP any new bid) (PP for (NP (NP the nation 's) second-largest airline))))))))))))) , (VP helped (S (NP-SBJ *-2) (VP push (NP UAL stock) (ADVP-DIR lower) (PP for (NP the fourth straight day))))) .)) (TOP (S (NP-SBJ UAL) (VP fell (NP-EXT (NP $ 6.25 *U*) (NP-ADV a share)) (PP-DIR to (NP $ 191.75 *U*)) (PP on (NP (NP volume) (PP of (NP (QP 2.3 million) shares)))) (PP-LOC in (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange)) (SBAR-TMP as (S (NP-SBJ (NP concern) (PP *ICH*-3)) (VP deepened (PP-LOC among (NP takeover stock traders)) (PP-3 about (NP (NP the length) (PP of (NP (NP time) (SBAR (WHNP-1 0) (S (NP-SBJ (NP it) (S *EXP*-2)) (VP will (VP take (NP *T*-1) (S-2 (NP-SBJ *) (VP to (VP revive (NP the purchase)))))))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP the original buy-out) (VP approved (NP *) (PP by (NP-LGS the UAL board)) (NP-TMP Sept. 14)))) , (NP-SBJ-1 (NP UAL 's) pilots) (VP planned (S (NP-SBJ *-1) (VP to (VP (VP put (PRT up) (NP (NP (QP $ 200 million) *U*) (PP in (NP cash)))) and (VP make (NP (NP (QP $ 200 million) *U*) (PP in (NP annual cost concessions)))) (PP for (NP a (ADJP 75 %) stake)))))) .)) (TOP (S (S (NP-SBJ UAL management) (VP was (VP to (VP pay (NP (QP $ 15 million) *U*) (PP for (NP 10 %)))))) , and (S (NP-SBJ British Air) (VP was (VP to (VP receive (NP a (ADJP 15 %) stake))))) .)) (TOP (S (NP-SBJ The buy-out) (VP fell (ADVP-CLR through) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 (NP Citicorp) and (NP Chase Manhattan Corp.)) (ADVP unexpectedly) (VP failed (S (NP-SBJ *-2) (VP to (VP obtain (NP bank financing)))) (ADVP-TMP *T*-1))))) .)) (TOP (S (PP-TMP Since (NP then)) , (NP-SBJ UAL stock) (VP has (VP fallen (NP-EXT 33 %) (PP in (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP may (VP rank (PP-CLR as (NP (NP the largest collapse) (PP of (NP a takeover stock)) (ADVP-TMP ever)))))))))) .)) (TOP (S (NP-SBJ-1 (NP The tenor) (PP of (NP (NP Mr. Stevens 's) remarks))) (VP seemed (S (NP-SBJ *-1) (VP to (VP indicate (SBAR that (S (NP-SBJ British Air) (VP will (VP take (NP a (ADJP more active) , high-profile role) (PP in (S-NOM (NP-SBJ *) (VP pursuing (NP any new bid)))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ-1 UAL management) (VP was (VP (ADVP-MNR badly) advised (NP *-1) (PP on (NP (NP the funding) (PP of (NP its original transaction)))))))))))) .)) (TOP (S (NP-SBJ Mr. Stevens) (VP said (SBAR 0 (S (NP-SBJ British Air) (VP (VP has n't (VP received (NP any new buy-out proposals) (PP-CLR from (NP (NP the labor-management group) , (VP led (NP *) (PP by (NP-LGS UAL Chairman Stephen Wolf))))))) , and (VP has n't (VP received (NP (NP any indication) (PP of (SBAR-NOM (WHADVP-1 when) (S (NP-SBJ one) (VP might (VP be (ADJP-PRD forthcoming) (ADVP-TMP *T*-1))))))))))))) .)) (TOP (S `` (S-TPC-1 (ADVP (ADVP As far) (SBAR as (S (NP-SBJ we) (VP 're (ADJP-PRD concerned))))) , (NP-SBJ we) (VP 're (VP waiting (SBAR-CLR for (S (NP-SBJ the dust) (VP to (VP settle))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 British Air) (VP is (VP waiting (S (NP-SBJ *-1) (VP to (VP see (SBAR-NOM (WHNP-2 what) (S (NP-SBJ the buy-out group) (VP comes (PRT up) (PP-CLR with (NP *T*-2)))))))))))) , (NP-SBJ Mr. Stevens) (VP said (SBAR 0 (S (NP-SBJ-3 (NP a revised transaction) (PP with (NP less debt leverage))) (VP is (ADJP-PRD likely (S (NP-SBJ *-3) (VP to (VP be (ADJP-PRD (ADJP more attractive) (PP to (NP banks))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (S (NP-SBJ the original proposal) (VP is (ADJP-PRD dead))) , and (S (NP-SBJ (NP all aspects) (PP of (NP a revised version))) (VP are (ADVP-PRD up (PP for (NP change))) , (PP in (NP (NP light) (PP of (NP (NP (NP the changes) (PP-LOC in (NP (NP UAL 's) market price))) , (NP (NP the amount) (PP of (NP debt)) (SBAR (WHNP-1 0) (S (NP-SBJ-2 banks) (VP are (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP fund (NP *T*-1))))))))) , and (NP (NP the price) (SBAR (WHNP-3 0) (S (NP-SBJ-4 British Air) (VP would (VP be (ADJP-PRD willing (S (NP-SBJ *-4) (VP to (VP pay (NP *T*-3))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Stevens) (VP (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (SBAR 0 (S (NP-SBJ the new price) (VP will (VP be (ADJP-PRD considerably lower))))))))) , but (VP declined (S (NP-SBJ *-1) (VP to (VP specify (NP a figure)))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Asked (NP *-1) (SBAR whether (S (NP-SBJ (NP a (ADJP $ 230-a-share *U*) figure) (VP circulating (PP-LOC in (NP the market)) (NP-TMP yesterday))) (VP is (ADJP-PRD too low)))))) , (NP-SBJ-2 he) (VP said , `` (S (NP-SBJ It) (VP 's (ADVP certainly) not (ADJP-PRD too low)))) . '')) (TOP (S (NP-SBJ He) (VP added (SBAR (SBAR 0 (S (NP-SBJ the original offer) (VP was `` (NP-PRD a (ADJP pretty full) price)))) , '' and (SBAR that (S (NP-SBJ (NP British Air 's) contribution) `` (VP was (NP-PRD quite a large chunk) (PP for (NP us))))))) . '')) (TOP (S (NP-SBJ-1 British Air) (VP (VP was (ADVP originally) (VP attracted (NP *-1) (PP-CLR to (NP (NP the chance) (PP of (S-NOM (NP-SBJ *-1) (VP obtaining (NP (NP a (ADJP 15 %) stake) (PP-LOC in (NP the company)))))))))) , but (VP was n't (ADJP-PRD particularly happy) (PP with (S-NOM (NP-SBJ *-1) (VP paying (NP (QP $ 750 million) *U*)))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ the (PRN -LCB- new -RCB-) deal) (VP had (S (NP-SBJ us) (VP (VP putting (PRT up) (NP less money)) but (VP (ADVP-TMP still) having (NP 15 %))))))) , (NP-SBJ that) (VP would (VP be (NP-PRD (NP a point) (PP in (NP our favor)))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (PP-LOC In (NP any new proposal)) , (NP-SBJ British Air) (VP would (VP expect (NP (NP a greater rate) (PP of (NP return)) (PP than (NP (NP the 20%-plus) (PP-LOC in (NP the original proposal))))))) .)) (TOP (S (PP-LOC In (NP the event (SBAR that (S (NP-SBJ-1 the buy-out group) (VP stalls (PP in (S-NOM (NP-SBJ *-1) (VP reviving (NP its bid))))))))) , (NP-SBJ the UAL board) (VP could (VP remain (PP-PRD under (NP some pressure (S (NP-SBJ *) (VP to (VP seek (NP another transaction)))))) , (PP (ADVP even) without (NP any legal obligation (S (NP-SBJ *) (VP to (VP do (ADVP-PRD so)))))))) .)) (TOP (S (NP-SBJ-2 (NP Roughly one-third) (PP of (NP its stock))) (VP is (VP believed (S (NP-SBJ-3 *-2) (VP held (NP *-3) (PP by (NP-LGS (NP takeover stock traders) , (SBAR (WHNP-1 who) (S (NP-SBJ-4 *T*-1) (VP could (VP vote (S (NP-SBJ *-4) (VP to (VP oust (NP the board)))) (SBAR-ADV if (S (NP-SBJ they) (VP become (NP-PRD impatient)))))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 (NP (NP the buy-out group 's) task) (PP of (S-NOM (NP-SBJ *) (VP holding (NP its fragile coalition) (ADVP-CLR together) , (PP in (NP (NP the face) (PP of (NP (NP (NP the bid 's) collapse) and (NP (NP internal opposition) (PP from (NP two other employee groups))))))) ,)))) (VP has (VP been (ADVP further) (VP complicated (NP *-1) (PP by (NP-LGS (NP an apparent rift) (PP-LOC in (NP (NP the ranks) (PP of (NP (NP the pilot union) (NP itself)))))))))) .)) (TOP (S (NP-SBJ-1 (NP A pilot) (VP representing (NP (NP a group) (PP of (NP 220 pilots)) (VP hired (NP *) (PP-TMP during (NP (NP United 's) 1985 strike)))))) (VP filed (NP suit) (NP-TMP Friday) (PP-LOC in (NP Chicago federal court)) (S-PRP (NP-SBJ *-1) (VP to (VP block (NP the takeover))))) .)) (TOP (S (NP-SBJ The dissident pilots) (VP oppose (NP the plan) (SBAR-PRP because (S (NP-SBJ it) (VP would (VP cause (S (NP-SBJ them) (VP to (VP lose (NP their seniority))))))))) .)) (TOP (S (NP-SBJ-1 (NP UAL 's) management) (VP agreed (S (NP-SBJ *-1) (VP to (VP reduce (NP (NP the seniority) (PP of (NP those pilots))) (PP in (NP (NP exchange) (PP for (NP (NP the support) (PP of (NP the United pilot union)) (PP for (NP the buy-out proposal)))))))))) .)) (TOP (S (NP-SBJ (NP The 220 pilots) (VP involved (NP *) (PP-LOC-CLR in (NP the suit)))) (VP are n't (NP-PRD (NP members) (PP of (NP the union)))) .)) (TOP (S (NP-SBJ The airline) (VP had (VP allowed (S (NP-SBJ them) (VP to (VP move (ADVP-CLR ahead (PP of (NP some union members))) (PP in (NP seniority))))) (PP-TMP following (NP the 1985 strike)) , (NP-ADV (NP a move) (SBAR (WHNP-1 0) (S (NP-SBJ the union) (VP had (VP contested (NP *T*-1) (PP-LOC in (NP a previous lawsuit))))))))) .)) (TOP (S (NP-SBJ Judith Valente) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ-2 Corporate efforts (S (NP-SBJ-1 *) (VP to (VP control (NP health-care costs) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP requiring (NP evaluations) (PP-TMP prior to (NP planned hospitalization and surgery))))))))) (VP have n't (VP been (ADJP-PRD sweeping enough (S (NP-SBJ *-2) (VP to (VP reduce (NP (NP the long-term rate) (PP of (NP cost increases))))))) , (PP according (PP to (NP (NP a study) (PP by (NP-LGS (NP the Institute) (PP of (NP Medicine))))))))) .)) (TOP (S (PP-TMP In (NP the last decade)) , (NP-SBJ many corporations) (VP have (VP embraced (NP the `` utilization management '' cost containment strategy) (PP-CLR as (NP (NP a way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP control (NP (NP health-care costs) (PP for (NP employees))) (ADVP-MNR *T*-1))))))))) .)) (TOP (S (NP-SBJ These programs) (VP (VP vary (ADVP widely)) , but (VP (ADVP-TMP often) require (NP (NP (NP second opinions) (PP on (NP proposed surgery))) , (NP (NP preadmission reviews) (PP of (NP elective hospitalizations))) and (NP (NP reviews) (PP of (NP treatment)) (PP-TMP during (NP (NP illnesses) or (NP recovery periods))))))) .)) (TOP (S (NP-SBJ-1 (NP (QP Between 50 % and 75 %) *U*) (PP of (NP (NP today 's) workers))) (VP are (VP covered (NP *-1) (PP by (NP-LGS such plans)) , (ADVP up (PP from (NP 5 %)) (ADVP-TMP (NP five years) ago)))) .)) (TOP (S `` (S-TPC-2 (SBAR-ADV Although (S (NP-SBJ it) (ADVP probably) (VP has (VP reduced (NP (NP the level) (PP of (NP expenditures))) (PP for (NP some purchasers)))))) , (NP-SBJ-1 (NP utilization management) (PRN -- (PP like (NP most other cost containment strategies)) --)) (VP does n't (VP appear (S (NP-SBJ *-1) (VP to (VP have (VP altered (NP (NP the long-term rate) (PP of (NP (NP increase) (PP-LOC in (NP health-care costs)))))))))))) , '' (NP-SBJ (NP (NP the Institute) (PP of (NP Medicine))) , (NP (NP an affiliate) (PP of (NP (NP the National Academy) (PP of (NP Sciences))))) ,) (VP concluded (S *T*-2) (PP-TMP after (NP a two-year study))) .)) (TOP (S `` (NP-SBJ (NP Employers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP saw (NP (NP a short-term moderation) (PP-LOC in (NP benefit expenditures))))))) (VP are (VP seeing (NP (NP a return) (PP to (NP previous trends))))) . '')) (TOP (S (SBAR-ADV While (S (NP-SBJ utilization management) (ADVP-TMP frequently) (VP reduces (NP hospitalization costs)))) , (NP-SBJ-1 these savings) (VP are (ADVP-TMP often) (VP offset (NP *-1) (PP by (NP-LGS (NP (NP increases) (PP-LOC in (NP outpatient services))) and (NP higher administrative costs))) , (PP according (PP to (NP (NP the report) (PP by (NP (NP a panel) (PP of (NP health-care experts))))))))) .)) (TOP (S (NP-SBJ The report) (VP suggested (SBAR that (S (NP-SBJ current review programs) (VP are (ADJP-PRD too narrow))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP (NP The (ADJP unnecessary and inappropriate) use) (PP of (NP the hospital))) , and not (NP (NP the actual need) (PP for (NP a particular procedure))) ,) (VP has (VP been (NP-PRD the main focus)))) , '' (NP-SBJ the panel) (VP said (S *T*-1)) .)) (TOP (S `` (PP As (NP a general rule)) , (NP-SBJ prior-review programs) (VP have not (VP made (NP (NP case-by-case assessments) (PP of (NP (NP the comparative costs) (PP of (NP alternative (NX (NX treatments) or (NX (NX sites) (PP of (NP care))))))))))) . '')) (TOP (S (NP-SBJ The report) (VP said (SBAR that (S (NP-SBJ utilization management) (VP should (VP have (NP (NP more) (PP of (NP an impact))) (SBAR-TMP as (S (NP-SBJ-1 (NP federal research) (PP on (NP (NP the effectiveness) (PP of (NP medical treatments))))) (VP helps (S (NP-SBJ *-1) (VP lead (PP-CLR to (NP medical practice guidelines)))))))))))) .)) (TOP (S (NP-SBJ (NP Howard Bailit) , (NP (NP a panel member) and (NP (NP a vice president) (PP of (NP Aetna Life & Casualty)))) ,) (VP said (SBAR that (S (NP-SBJ utilization management) (VP will (ADVP also) (VP do (NP (NP a better job) (PP of (S-NOM (NP-SBJ *) (VP containing (NP costs))))) (SBAR-TMP as (S (NP-SBJ-1 it) (VP spreads (S (NP-SBJ *-1) (VP to (VP cover (NP (NP medical services) (VP delivered (NP *) (ADVP-LOC outside (PP of (NP hospitals)))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD (ADJP pretty good) evidence (SBAR that (S (NP-SBJ utilization management) (VP has (VP reduced (NP inappropriate hospitalization)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S But (PP-TMP at (NP the same time)) , (NP-SBJ (NP spending) (PP on (NP (NP physician services) and (NP ambulatory care)))) (VP have (VP mushroomed)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (PP-PRD like (S-NOM (NP-SBJ *) (VP squeezing (NP a balloon)))))) , '' (NP-SBJ Dr. Bailit) (VP said (S *T*-1)) .)) (TOP (S (S (NP-SBJ (NP David Rahill) (PP of (NP A. Foster Higgins & Co.))) (VP said (SBAR that (S (NP-SBJ (NP clients) (PP of (NP his consulting firm))) (VP report (SBAR that (S (NP-SBJ utilization management) (VP reduces (NP their hospital care bills) (PP-EXT by (NP (QP about 5) %)))))))))) , but (S (NP-SBJ he) (VP agreed (SBAR that (S (PP for (NP (NP the health-care system) (PP as (ADJP whole)))) , (NP-SBJ-1 (NP some) (PP of (NP these savings))) (VP are (VP offset (NP *-1) (PP by (NP-LGS (UCP (ADJP administrative) and (NP outpatient care)) costs)))))))) .)) (TOP (S (NP-SBJ (NP Jerome Grossman) , (NP (NP chairman) (PP of (NP the panel))) ,) (VP agrees (SBAR that (S (NP-SBJ (NP administrative costs) (PP of (NP utilization management programs))) (VP can (VP be (ADJP-PRD high)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ You) (VP have (S (NP-SBJ-2 a whole staff) (VP standing (S-ADV (NP-SBJ-3 *-2) (ADJP-PRD ready '' (S (NP-SBJ *-3) (VP to (VP evaluate (NP (NP the appropriateness) (PP of (NP recommended treatment)))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Dr. Grossman) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP also) (VP is (NP-PRD (NP president) (PP of (NP (NP New England Medical Center Hospitals) (PP-LOC in (NP Boston)))))))) ,) (VP noted (SBAR (SBAR that (S (NP-SBJ (NP the hospitals) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP runs (NP *T*-2))))) (VP deal (PP-CLR with (NP (QP more than 100) utilization management firms))))) and (SBAR that (S (NP-SBJ (NP many) (PP of (NP them))) (VP have (NP different procedures and requirements)))))) .)) (TOP (S (NP-SBJ The panel) (VP urged (NP greater efforts (S (NP-SBJ *) (VP to (VP reduce (NP (NP the complexity , paperwork and cost) (PP of (NP utilization review)))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 Utilization management) (VP needs (S (NP-SBJ *-1) (VP to (VP (ADVP-MNR better) demonstrate (SBAR that (S (NP-SBJ it) (VP (VP reduces (NP (NP the wasteful use) (PP of (NP resources)))) , (VP improves (NP (NP the appropriateness) (PP of (NP patient care)))) and (VP imposes (ADVP only) (NP reasonable burdens) (PP-CLR on (NP patients and providers))))))))))) , '' (NP-SBJ the panel) (VP concluded (S *T*-2)) .)) (TOP (S (NP-SBJ (NP Renault) and (NP DAF Trucks NV)) (VP announced (NP a preliminary agreement (S (NP-SBJ *) (VP to (VP (ADVP-MNR jointly) manufacture (NP (NP a line) (PP of (NP trucks))) (PP-LOC in (NP Britain and France))))))) .)) (TOP (S (NP-SBJ (NP Philippe Gras) , (NP a Renault managing director) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the new line) (VP (VP will (VP cover (NP (NP trucks) (PP of (PP between (NP (NP 2.5 tons) and (NP 4.2 tons))))))) and (VP will (VP be (VP built (NP *-1) (PP-LOC (PP at (NP (NP (NP Renault 's) Bapilly plant) (PP-LOC in (NP France)))) and (PP at (NP (NP DAF 's) British plant)))))))))) .)) (TOP (S (NP-SBJ-1 (NP The French state-controlled auto group) and (NP the Dutch truck maker)) (VP plan (S (NP-SBJ *-1) (VP to (VP incorporate (NP the new trucks) (PP-CLR into (NP their product lines)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ they) (VP begin (NP production) (PP-TMP toward (NP (NP the middle) (PP of (NP the 1990s)))) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (NP-SBJ Mr. Gras) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ-2 (NP a definitive agreement) (PP between (NP the two companies))) (VP to (VP be (VP completed (NP *-2) (PP-TMP in (NP the next few months)))))))))) .)) (TOP (S (NP-SBJ The venture) (VP is (NP-PRD (NP the latest example) (PP of (NP (NP the trend) (PP toward (NP cooperative projects)) (PP-LOC in (NP Europe)) (ADVP-TMP ahead (PP of (NP (NP the 1992 deadline) (PP for (S-NOM (NP-SBJ *) (VP eliminating (NP (NP trade barriers) (PP-LOC within (NP the European Community))))))))))))) .)) (TOP (S (NP-SBJ-1 Renault and DAF) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP invest (NP (NP a total) (PP of (NP (NP (NP (QP about three billion) French francs) (PRN -LRB- (NP (QP $ 157.8 million) *U*) -RRB-)) (PP *ICH*-2)))) (PP-CLR in (NP the venture)) , (PP-2 including (NP (NP (QP FFr 1 billion) *U*) (PP for (NP design and development costs))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 the companies) (VP will each (VP spend (NP (QP about FFr 1 billion) *U*) (PP-CLR on (S-NOM (NP-SBJ *-1) (VP tooling (PRT up) (NP their plants)))))) .)) (TOP (S (NP-SBJ Mr. Gras) (VP said (SBAR 0 (S (NP-SBJ the joint venture) (VP represents (NP considerable savings) (PP for (NP both Renault and DAF)) , (SBAR-PRP since (S (NP-SBJ-1 both companies) (VP would (PP-LOC in (NP any case)) (VP have (VP had (S (NP-SBJ *-1) (VP to (VP renew (NP (NP their existing ranges) (PP of (NP light goods vehicles))))))))))))))) .)) (TOP (S (S-TPC-2 (PP By (S-NOM (NP-SBJ *-3) (VP pooling (NP their resources)))) , (NP-SBJ-3 the two groups) (VP have (VP (ADVP-MNR effectively) halved (NP (NP the design and development costs) (SBAR (WHNP-1 that) (S (NP-SBJ-4 *T*-1) (VP would (ADVP otherwise) (VP have (VP been (VP entailed (NP *-4))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Renault officials) (VP said (SBAR 0 (S (S (NP-SBJ (NP the potential European market) (PP for (NP (NP light trucks) (PP-LOC in (NP the (QP 2.5-ton to 4.2-ton) range))))) (VP is (NP-PRD (NP (QP between 700,000 and 800,000) vehicles) (ADVP-TMP annually)))) , and (S (NP-SBJ Renault and DAF) (VP are (VP aiming (PP-CLR for (NP (NP a combined market share) (PP of (NP (QP about 11) %)))))))))) .)) (TOP (S (NP-SBJ Both Renault and DAF) (VP will (VP have (NP (NP world-wide marketing rights) (PP for (NP (NP the new range) (PP of (NP (NP vans) and (NP light trucks)))))))) .)) (TOP (S (PP-LOC Under (NP a separate arrangement)) , (S (NP-SBJ-1 (NP British Aerospace PLC 's) Rover Group PLC subsidiary) (VP will (ADVP also) (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP offer (NP the vehicles) (PP through (NP (NP its dealers) (PP-LOC in (NP the U.K.))))))))))) , and (S (NP-SBJ (NP Renault 's) truck-building subsidiary Renault Vehicles Industriels) (VP will (VP have (NP similar rights) (PP-LOC in (NP France))))) .)) (TOP (S (NP-SBJ DAF) (VP is (ADJP-PRD 16%-owned (PP by (NP British Aerospace))) , (PP with (NP (NP a further 6.5 %) (VP held (NP *) (PP by (NP-LGS (NP the Dutch state-owned chemical group) (NP NV DSM))))))) .)) (TOP (S (NP-SBJ (NP The van Doorne family) (PP of (NP the Netherlands))) (VP holds (NP (NP an additional 11 %) (PP of (NP (NP DAF 's) capital)))) .)) (TOP (S (NP-SBJ The Federal Reserve System) (VP is (NP-PRD (NP the standard object) (PP of (NP (NP suggestions) (PP for (NP (ADJP organizational and institutional) changes))))) , (PP-PRP for (NP two reasons))) .)) (TOP (S (ADVP First) , (NP-SBJ (NP its position) (PP-LOC in (NP the government))) (VP is (ADJP-PRD anomalous)) .)) (TOP (S (NP-SBJ It) (VP (VP has (NP (NP an unusual kind) (PP of (NP (NP independence) (PP from (NP elected officials)))))) and (VP (ADVP-TMP still) has (NP (NP authority) (PP over (NP (NP (NP one) (PP of (NP (NP the (ADJP most powerful)) (PP of (NP (NP government 's) instruments))))) -- (NP (NP the control) (PP of (NP the money supply)))))))) .)) (TOP (S (ADVP Thus) (NP-SBJ we) (VP have (NP (NP a condition) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP is (VP (ADVP-MNR easily) described (NP *-1) (PP-CLR as (ADJP undemocratic)))))))) .)) (TOP (S (ADVP Second) , (NP-SBJ (NP the responsibilities) (PP of (NP the Federal Reserve)) (PP as (NP (NP guardian) (PP of (NP the currency)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP means (PP-CLR as (NP (NP guardian) (PP of (NP (NP the stability) (PP of (NP the price level))))))))) ,))) (ADVP-TMP sometimes) (VP lead (S (NP-SBJ it) (VP to (VP take (NP (NP measures) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP are (ADJP-PRD unpopular))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 former Fed Chairman William McChesney Martin) (VP used (S (NP-SBJ *-1) (VP to (VP say)))))) , (NP-SBJ-2 they) (VP would (VP have (S (NP-SBJ *-2) (VP to (VP take (NP the punch bowl) (ADVP-CLR away)))) (SBAR-TMP (ADVP just) as (S (NP-SBJ the party) (VP is (VP getting (ADJP-PRD interesting))))))) .)) (TOP (S So (NP-SBJ the Federal Reserve) (VP is (NP-PRD (NP an attractive target) (PP for (NP (NP complaint) (PP by (NP politicians)))))) .)) (TOP (S (NP-SBJ-1 The Fed) (VP is (VP (ADVP-MNR easily) assigned (NP *-1) (NP (NP the blame) (PP for (NP (NP unpleasantness) , (PP like (NP (NP high interest rates) or (NP slow economic growth)))))) , (SBAR-ADV while (S (NP-SBJ-2 the politicians) (VP can (VP escape (NP responsibility) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP pointing (PP-CLR to (NP (NP the Fed 's) independence))))))))))) .)) (TOP (S (NP-SBJ This) (VP leads (PP-CLR to (NP (NP proposals) (PP for (NP `` (NP reform) '' (PP of (NP the Fed)))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (NP (NP the common feature) (PP of (S-NOM (NP-SBJ *) (VP making (S (NP-SBJ the Fed) (ADJP-PRD (ADJP more responsive) (PP (PP to (NP the administration)) , (PP to (NP the Congress)) and (PP to (NP public opinion))))) -- (PP without , (ADVP however) , (NP (NP any assumption) (PP of (NP additional responsibility)) (PP by (NP the politicians)))))))))))))) .)) (TOP (S (NP-SBJ These proposals) (VP include (S (NP-SBJ *) (VP (VP changing (NP (NP the term) (PP of (NP the chairman)))) , (VP shortening (NP (NP the terms) (PP of (NP the members)))) , (VP eliminating (NP (NP the presidents) (PP of (NP the Federal Reserve Banks))) (PP-CLR from (NP the decision-making process))) , (VP putting (NP (NP the Secretary) (PP of (NP the Treasury))) (PP-PUT on (NP the Federal Reserve Board))) , (VP having (S (NP-SBJ-1 the Fed) (VP audited (NP *-1) (PP by (NP-LGS (NP (NP an arm) (PP of (NP Congress))) (PRN -LRB- (NP the General Accounting Office) -RRB-)))))) , (VP putting (NP (NP the Fed 's) expenditures) (PP-PUT in (NP the budget))) , and (VP requiring (NP (NP prompt publication) (PP of (NP (NP the Fed 's) minutes))))))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP these ideas))) (VP are (ADVP-TMP again) (PP-PRD under (NP consideration)) (PP-LOC in (NP Congress))) .)) (TOP (S But (S (NP-SBJ these proposals) (VP do not (VP rest (PP-LOC-CLR on (NP (NP a view) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP the Fed 's) problem) (VP is (NP-PRD *T*-1)))))))))) or , (S (SBAR-ADV if (S (NP-SBJ they) (VP do (VP *?*)))) , (NP-SBJ they) (VP rest (PP-LOC-CLR on (NP an incorrect view)))) .)) (TOP (S (S (NP-SBJ They) (VP would not (VP solve (NP the problem)))) ; (S (NP-SBJ they) (VP would (VP make (S (NP-SBJ it) (ADJP-PRD worse))))) .)) (TOP (S (NP-SBJ The problem) (VP is not (SBAR-PRD that (S (NP-SBJ the Fed) (VP is (ADJP-PRD (ADJP too unresponsive) (PP to (NP the public interest))))))) .)) (TOP (S (PP On (NP the contrary)) , (NP-SBJ it) (VP is (ADJP-PRD (ADJP too responsive) (PP to (NP (NP an incorrect view) (PP of (NP the public interest)))))) .)) (TOP (S (NP-SBJ (NP The price level) (PP-LOC in (NP the U.S.))) (VP is (ADVP-TMP now) (ADJP-PRD (ADJP (QP about 4 1 times) as high) (SBAR as (S (NP-SBJ it) (VP was (ADJP-PRD *?*) (ADVP-TMP (NP 30 years) ago)))))) .)) (TOP (S (PP On (NP average)) , (NP-SBJ (NP something) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP cost (NP $ 100 *U*) (ADVP-TMP (NP 30 years) ago))))) (ADVP-TMP now) (VP costs (NP $ 425 *U*)) .)) (TOP (S Or , (NP-SBJ (NP a wage) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (NP-PRD $ 100 *U*) (ADVP-TMP (NP 30 years) ago))))) (VP would (VP buy (NP (NP (ADJP (QP only $ 23.53) *U*) worth) (PP of (NP stuff))) (NP-TMP today))) .)) (TOP (S (PP-TMP On (NP two occasions)) (NP-SBJ the inflation rate) (VP rose (PP-DIR to (NP (NP (QP more than 10) %) (NP-ADV a year)))) .)) (TOP (S (PP-TMP In (NP each case)) (NP-SBJ (NP the ending) (PP of (NP this unsustainable inflation))) (VP caused (NP (NP a severe recession) -- (NP (NP the two worst) (PP of (NP the postwar period))))) .)) (TOP (S (NP-SBJ (NP The enormous inflation) (PP-TMP over (NP the past 30 years))) (VP was (ADJP-PRD largely due (PP to (NP monetary policy)))) .)) (TOP (S (ADVP At least) , (NP-SBJ it) (VP would not (VP have (VP happened (PP without (NP (NP the support) (PP of (NP (NP monetary policy) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP provided (PP-CLR for (NP (NP a 10-fold increase) (PP-LOC in (NP the money supply)))) (PP-TMP during (NP the same period)))))))))))) .)) (TOP (S And (NP-SBJ (NP that increase) (PP-LOC in (NP the money supply))) (VP would not (VP have (VP happened (PP without (NP (NP the consent) (PP of (NP the Federal Reserve))))))) .)) (TOP (S (NP-SBJ (NP The basic problem) (PP of (NP monetary policy)) , (SBAR (WHPP-2 to (WHNP which)) (S (NP-SBJ-1 (NP reform) (PP of (NP the Fed))) (VP should (VP be (VP addressed (NP *-1) (PP-CLR *T*-2)))))) ,) (VP is (S-PRD (NP-SBJ *) (VP to (VP prevent (NP (NP a recurrence) (PP of (NP this experience))))))) .)) (TOP (S (NP-SBJ There) (VP were (NP-PRD (NP two general reasons) (PP for (NP (NP the mistaken monetary policy) (PP of (NP the past 30 years)))))) :)) (TOP (S (NP 1 .) (PP To (NP some extent)) (NP-SBJ the Federal Reserve) (VP shared (NP the (ADJP popular but incorrect) view (SBAR that (S (NP-SBJ expansionary monetary policy) (VP could (VP yield (NP (NP a net improvement) (PP-LOC in (NP employment and output))))))))) .)) (TOP (S (NP 2 .) (SBAR-LOC (WHADVP-1 Even where) (S (NP-SBJ the Fed) (VP did not (VP share (NP this view) (ADVP-LOC *T*-1))))) (NP-SBJ it) (VP felt (NP-PRD the need (S (NP-SBJ *) (VP to (VP accommodate (PP-CLR to (NP it))))))) .)) (TOP (S (PP Despite (NP (NP all the formal provisions) (PP for (NP its independence)))) , (NP-SBJ-1 the Fed) (VP seems (ADVP-TMP constantly) (S (NP-SBJ *-1) (VP to (VP feel (SBAR that (S (SBAR-ADV if (S (NP-SBJ it) (VP uses (NP its independence) (ADVP-MNR too freely)))) (NP-SBJ it) (VP will (VP lose (NP it))))))))) .)) (TOP (S (NP-SBJ (NP The common proposals) (PP for (S-NOM (NP-SBJ *) (VP reforming (NP the Fed))))) (VP would (ADVP only) (VP make (S (NP-SBJ the situation) (ADJP-PRD worse)) , (SBAR-ADV if (S (NP-SBJ they) (VP had (NP any effect) (ADVP at all)))))) .)) (TOP (S (NP-SBJ (S-NOM (NP-SBJ *) (VP Putting (NP (NP the Secretary) (PP of (NP the Treasury))) (PP-PUT on (NP (NP the Board) (PP of (NP Governors)))))) , (NP (NP one) (PP of (NP (NP the leading proposals) (NP-TMP today)))) ,) (VP is (NP-PRD an example)) .)) (TOP (S (NP-SBJ The secretary) (VP is (NP-PRD (NP (NP the world 's) biggest borrower) (PP of (NP money)))) .)) (TOP (S (NP-SBJ He) (VP has (NP (NP a built-in , constant longing) (PP for (NP lower interest rates)))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ he) (VP is (NP-PRD (NP a political agent) (PP of (NP (NP a political president) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (ADVP naturally) (VP gives (NP-3 extraordinary weight) (PP-DTV-4 to (NP (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ the economy) (VP will (VP perform (PP-TMP before (NP the next election)) (ADVP-MNR *T*-2)))))))) , and (VP (NP=3 less) (PP-DTV=4 to (NP its longer-run health)))))))))) .)) (TOP (S (NP-TMP These days) , (NP-SBJ the secretary) (VP suffers (NP the further disqualification (SBAR that (S (NP-SBJ he) (VP is (NP-PRD (NP a member) (PP of (NP (NP a club) (PP of (NP (NP seven finance ministers) (SBAR (WHNP-1 who) (S (NP-SBJ-4 *T*-1) (VP (VP meet (ADVP-TMP occasionally) (S-PRP (NP-SBJ *-4) (VP to (VP decide (SBAR-NOM (WHNP-3 what) (S (NP-SBJ exchange rates) (VP should (VP be (NP-PRD *T*-3))))))))) , (SBAR-ADV (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (NP-PRD (NP a diversion) (PP from (NP (NP the real business (S *ICH*-5)) (PP of (NP the Federal Reserve)) (S-5 (NP-SBJ *) (VP to (VP stabilize (NP the price level))))))))))))))))))))))) .)) (TOP (SBARQ (WHADVP-1 How) (SQ should (NP-SBJ (NP a reasonable member) (PP of (NP the Federal Reserve Board))) (VP interpret (NP a congressional decision (S (NP-SBJ *) (VP to (VP put (NP the secretary) (PP-PUT on (NP the board)))))) (ADVP-MNR *T*-1))) ?)) (TOP (SQ Could (NP-SBJ he) (ADVP plausibly) (VP interpret (NP it) (PP-CLR as (NP encouragement (SBAR for (S (NP-SBJ the Fed) (VP to (VP give (NP primary emphasis) (PP-DTV to (S-NOM (NP-SBJ *) (VP stabilizing (NP the price level))))))))))) ?)) (TOP (SQ Or would (NP-SBJ he) (VP interpret (NP it) (PP-CLR as (NP instruction (S (NP-SBJ *) (VP to (VP give (NP more weight) (PP-DTV to (NP (NP (NP these other objectives) (SBAR (WHNP-1 that) (S (NP-SBJ the secretary) (VP represents (NP *T*-1))))) -- (NP (NP low interest rates) , (NP short-run economic expansion) , and (NP (NP stabilization) (PP of (NP exchange rates)) (PP-LOC at (NP (ADJP internationally managed) levels)))))))))))) ?)) (TOP (S (NP-SBJ The answer) (VP seems (ADJP-PRD perfectly clear)) .)) (TOP (S -LRB- (ADVP True) , (NP-SBJ (NP a succession) (PP of (NP Fed chairmen))) (VP has (VP given (NP color) (PP-DTV to (NP the notion (SBAR that (S (NP-SBJ (NP the Secretary) (PP of (NP the Treasury))) (VP belongs (PP-LOC-CLR on (NP the Fed))))))))) .)) (TOP (S (PP-MNR By (NP their constant readiness (S (NP-SBJ *) (VP to (VP advise (NP all and sundry) (PP-CLR about (NP federal budgetary matters))))))) (NP-SBJ the chairmen) (VP have (VP encouraged (NP the belief (SBAR that (S (NP-SBJ (NP fiscal policy) and (NP monetary policy)) (VP are (NP-PRD (NP ingredients) (PP of (NP a common stew))) , (SBAR-ADV (WHPP-3 in (WHNP which case)) (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP is (ADJP-PRD natural) (SBAR-2 that (S (NP-SBJ-1 (NP the Fed) and (NP the Treasury) , and probably also (NP the Congress) ,) (VP should (VP be (VP (ADVP-MNR jointly) engaged (NP *-1) (PP-CLR in (S-NOM (NP-SBJ *) (VP stirring (NP the pot))))))))) (PP *T*-3)))))))))) .)) (TOP (S (NP-SBJ (NP (NP The Fed 's) case) (PP for (NP its own independence))) (VP would (VP be (ADJP-PRD (NP a little) stronger) (SBAR-ADV if (S (NP-SBJ it) (VP were (ADJP-PRD (ADJP more solicitous) (PP of (NP (NP the independence) (PP of (NP (NP the rest) (PP of (NP the government)))))))))))) . -RRB-)) (TOP (S (NP-SBJ (NP The Fed 's) problem) (VP is not (SBAR-PRD that (S (NP-SBJ it) (VP is (ADJP-PRD (ADJP too independent) , or (ADJP too unpolitical)))))) .)) (TOP (S (NP-SBJ-2 The Fed) (VP (VP is (ADJP-PRD responsive (PP to (NP *RNR*-1)))) , and (VP can not (VP help (S (NP-SBJ *-2) (VP being (ADJP-PRD responsive (PP to (NP *RNR*-1))))))) , (NP-1 (NP the (ADJP more overtly political) part) (PP of (NP the government)))) .)) (TOP (S (NP-SBJ The Fed) (VP exercises (NP (NP a power) (VP given (NP *) (PP-DTV to (NP it)) (PP by (NP-LGS (NP Congress) and (NP the president)))))) .)) (TOP (S But (NP-SBJ (NP Congress) and (NP the president)) (VP accept (NP (NP no responsibility) (PP for (NP (NP the exercise) (PP of (NP (NP the power) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP have (VP given (NP the Fed) (NP *T*-1))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Critics) (PP of (NP the present arrangement))) (VP are (ADJP-PRD correct (S (NP-SBJ *-1) (VP to (VP say (SBAR that (S (NP-SBJ it) (VP is (ADJP-PRD undemocratic))))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-2 What) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD undemocratic)))) (VP is (NP-PRD (NP the unwillingness (S *ICH*-5)) (PP of (NP (NP the (ADJP more political) parts) (PP of (NP the government)))) (S-5 (NP-SBJ *) (VP to (VP take (NP (NP the responsibility) (PP for (S-NOM (NP-SBJ *) (VP deciding (NP (NP the basic question) (PP of (NP monetary policy)) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP is (SBAR-PRD (WHNP-4 what priority) (S (NP-SBJ-1 *T*-4) (VP should (VP be (VP given (NP *-1) (PP-DTV to (S-NOM (NP-SBJ *) (VP stabilizing (NP the price level)))))))))))))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP To (VP leave (NP this decision) (PP-CLR to (NP an `` independent '' agency))))) (VP is not only (ADJP-PRD undemocratic)) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP prevents (NP (NP the conduct) (PP of (NP (NP a policy) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (NP a long-term rationale))))))) , (SBAR-PRP because (S (NP-SBJ it) (VP leaves (S (NP-SBJ the Fed) (VP guessing (PP-CLR about (SBAR (WHNP-2 what) (S (NP-SBJ *T*-2) (VP are (NP-PRD (NP the expectations) (PP of (NP (NP its masters) , (NP the politicians) , (SBAR (WHNP-3 who) (S (NP-SBJ-4 *T*-3) (VP have (ADVP-TMP never) (VP had (S (NP-SBJ *-4) (VP to (VP consider (NP (NP the long-term consequences) (PP of (NP monetary policy))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The greatest contribution) (SBAR (WHNP-1 0) (S (NP-SBJ Congress) (VP could (VP make (NP *T*-1) (PP-TMP at (NP this time))))))) (VP would (VP be (S-PRD (NP-SBJ *) (VP to (VP declare (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP stabilizing (NP the price level))) (VP is (NP-PRD (NP the primary responsibility) (PP of (NP the Federal Reserve System))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Legislation) (PP to (NP this effect))) (VP has (VP been (VP introduced (NP *-1) (PP-LOC in (NP Congress)) (PP-TMP in (NP this session)) (PP by (NP-LGS (NP Rep. Stephen Neal) (PRN -LRB- (NP (NP D.) , (NP-LOC N.C .)) -RRB-)))))) .)) (TOP (S (NP-SBJ It) (VP is not (NP-PRD (NP the kind) (PP of (NP thing)) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP is (ADJP-PRD likely (S (NP-SBJ-1 *-3) (VP to (VP be (VP enacted (NP *-1)))))))))) , (ADVP however)) .)) (TOP (S (S (NP-SBJ-1 Congress) (VP would (VP be (VP required (S (NP-SBJ *-1) (VP to (VP make (NP a hard decision)))))))) , and (S (NP-SBJ-2 Congress) (VP would (VP (ADVP much) prefer (S (NP-SBJ *-2) (VP to (VP (VP leave (NP the hard decision) (PP-CLR to (NP the Fed))) and (VP retain (NP (NP its rights) (PP of (NP (NP complaint) (PP-TMP after (NP the fact)))))))))))) .)) (TOP (S (NP-SBJ People) (VP will (VP say (SBAR that (S (NP-SBJ (NP the nation) and (NP the government)) (VP have (NP other objectives) , (PP in (NP (NP addition) (PP to (S-NOM (NP-SBJ *) (VP stabilizing (NP the price level)))))) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD true))))))))) .)) (TOP (S But (NP-SBJ that) (VP is not (NP-PRD (NP the same) (PP as (S-NOM (NP-SBJ *) (VP saying (SBAR that (S (NP-SBJ the Federal Reserve) (VP has (NP other objectives))))))))) .)) (TOP (S (NP-SBJ The government) (VP has (NP (NP other agencies and instruments) (PP for (S-NOM (NP-SBJ *) (VP pursuing (NP these other objectives)))))) .)) (TOP (S But (NP-SBJ it) (VP has (ADVP only) (NP (NP the Fed) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP pursue (NP price-level stability))))))) .)) (TOP (S And (NP-SBJ the Fed) (VP has (PP at (NP most)) (NP (ADJP very limited) ability (S (NP-SBJ *) (VP to (VP contribute (PP-CLR to (NP (NP the achievement) (PP of (NP other objectives)))) (PP-MNR by (NP (NP means) (ADVP other (PP than (PP-MNR by (S-NOM (NP-SBJ *) (VP stabilizing (NP the price level))))))))))))) .)) (TOP (S (NP-SBJ (NP The two objectives) (VP (ADVP-TMP most commonly) thought (S (NP-SBJ *) (VP to (VP be (NP-PRD (NP legitimate competitors) (PP for (NP (NP the attention) (PP of (NP the Fed)))))))))) (VP are (NP-PRD (NP high employment) and (NP rapid real growth))) .)) (TOP (S But (NP-SBJ (NP the main lesson) (PP of (NP economic policy)) (PP-TMP in (NP the past 30 years))) (VP is (SBAR-PRD that (S (SBAR-ADV if (S (NP-SBJ the Fed) (VP compromises (PP-CLR with (NP the price-stability objective)) (PP-LOC in (NP (NP the pursuit) (PP of (NP these other goals))))))) , (NP-SBJ the result) (VP (VP is not (NP-PRD (NP high employment) and (NP rapid growth))) but (VP is (NP-PRD inflation)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD (NP A former chairman) (PP of (NP (NP (NP the president 's) Council) (PP of (NP Economic Advisers)))))) , (NP-SBJ-1 Mr. Stein) (VP is (NP-PRD an American Enterprise Institute fellow)) .)) (TOP (S (NP-SBJ-1 Republic New York Corp.) (VP joined (NP (NP the list) (PP of (NP (NP banks) (VP boosting (NP (NP reserves) (PP for (NP (NP losses) (PP on (NP (NP loans) (PP to (NP less-developed countries))))))))))) , (S-ADV (NP-SBJ *-1) (VP (VP setting (PRT out) (NP a (ADJP (QP $ 200 million) *U*) provision)) and (VP posting (NP a (ADJP (QP $ 155.4 million) *U*) third-quarter net loss) (PP as (NP a result)))))) .)) (TOP (S (NP-SBJ The per-share loss) (VP was (NP-PRD $ 5.32 *U*)) .)) (TOP (S (PP-TMP In (NP the (ADJP year earlier) period)) , (NP-SBJ (NP the New York parent) (PP of (NP Republic National Bank))) (VP had (NP (NP net income) (PP of (NP (NP (QP $ 38.7 million) *U*) , or (NP (NP $ 1.12 *U*) (NP-ADV a share)))))) .)) (TOP (S (PP Excluding (NP the provision)) , (NP-SBJ Republic) (VP earned (NP (NP (QP $ 44.6 million) *U*) , (ADVP up (NP 15 %) (PP from (ADVP-TMP (NP a year) ago))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP (NP The bank 's) (ADJP medium-term and long-term) loans) (PP to (NP less-developed countries))) (VP total (NP (NP (QP $ 293 million) *U*) , (SBAR (WHPP-1 of (WHNP which)) (S (NP-SBJ (NP (QP $ 146 million) *U*) (PP *T*-1)) (VP are n't (VP accruing (NP interest)))))))) , (NP-SBJ the bank) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP (NP Republic 's) total) (PP of (NP nonperforming assets))) (VP was (NP-PRD (QP $ 167 million) *U*) (PP-TMP at (NP Sept. 30)) , (PP with (S-NOM (NP-SBJ (NP its reserve) (PP for (NP loan losses))) (ADVP-TMP now) (VP standing (PP-CLR-LOC at (NP (QP $ 357 million) *U*)))))) .)) (TOP (S (S (NP-SBJ Abortion-rights advocates) (VP won (NP (NP last week 's) battles))) , but (S (NP-SBJ-2 (NP the war) (PP over (NP (NP the nation 's) most-contentious social question))) (VP is (VP about (S (NP-SBJ *-2) (VP to (VP pick (PRT up) (ADVP-TMP again) (PP-LOC on (NP (NP turf) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP favors (NP (NP those) (VP seeking (S (NP-SBJ *) (VP to (VP restrict (NP abortions))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Strict new regulations) (VP seem (ADJP-PRD certain (S (NP-SBJ *-1) (VP to (VP pass (NP (NP the state House) (PP-LOC in (NP Pennsylvania))) (NP-TMP next week))))) , (PP with (NP (NP (NP easy approval) (PP (PP by (NP the Senate)) and (PP by (NP Democratic Gov. Bob Casey)))) (VP expected (NP *) (ADVP-TMP shortly thereafter))))) .)) (TOP (S (NP-SBJ (NP Legislation) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP require (NP (NP the consent) (PP of (NP parents))) (SBAR-TMP before (S (NP-SBJ (NP their daughters) (PP under (NP (NP the age) (PP of (NP 18))))) (VP can (VP have (NP abortions)))))))))) (VP will (ADVP probably) (VP (VP pass (NP (NP both houses) (PP of (NP the Michigan legislature)))) and (VP set (PRT up) (NP a grinding battle (S (NP-SBJ *) (VP to (VP override (NP (NP the expected veto) (PP of (NP Democratic Gov. James Blanchard)))))))))) .)) (TOP (S (NP-SBJ (NP The short-term shift) (PP-LOC in (NP (NP the political climate) (VP surrounding (NP abortion))))) (VP reflects (NP (NP (NP two factors) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP are (ADJP-PRD likely (S (NP-SBJ *-3) (VP to (VP govern (NP the debate) (PP-TMP in (NP the next several months)))))))))) : (NP (NP (NP the reawakening) (PP of (NP (NP the abortion-rights movement) (PP as (NP a potent force)))) (PP-TMP after (NP (NP years) (PP of (NP lassitude))))) , and (NP (NP the ability (S *ICH*-2)) (PP of (NP each side)) (S-2 (NP-SBJ *) (VP to (VP counter (NP (NP (NP the other 's) advance) (PP-LOC in (NP one arena))) (PP-CLR with (NP (NP a victory) (PP of (NP its own)) (ADVP-LOC elsewhere)))))))))) .)) (TOP (S (NP-SBJ (NP The action) (PP-LOC in (NP Pennsylvania))) , (PP for (NP example)) , (VP will (VP follow (NP (NP (NP (NP last week 's) collapse) (PP of (NP (NP a special session) (PP of (NP the Florida legislature)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP enact (NP (NP restrictions) (PP on (NP abortions))) (PP-LOC in (NP that state))))))))) , and (NP (NP the vote (S *ICH*-3)) (ADVP-LOC here (PP in (NP Washington))) (PP by (NP the House)) (S-3 (NP-SBJ *) (VP to (VP permit (NP (NP (ADJP federally paid) abortions) (PP for (NP (NP poor women) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (NP-PRD (NP victims) (PP of (NP rape or incest)))))))))))))))) .)) (TOP (S But (S (NP-SBJ-1 President Bush) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP veto (NP the congressional legislation))))))) and (S (NP-SBJ-2 that) , (PP along (PP with (NP (NP the easy approval) (PP of (NP the Pennsylvania measure))))) , (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP (VP mute (NP (NP (NP the abortion-rights activists ') claims) (PP of (NP momentum)))) and (VP underline (NP (NP the challenges) (VP faced (NP *) (PP by (NP-LGS this resurgent movement))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP It) (S *EXP*-2)) (VP 's (ADJP-PRD great) (S-2 (NP-SBJ *) (VP to (VP feel (ADJP-PRD good) (PP-TMP for (NP (NP once) (PP-TMP in (NP 15 years))))))))) , '' (VP says (S *T*-1)) (NP-SBJ-3 (NP Harrison Hickman) , (NP (NP a consultant) (PP to (NP abortion-rights advocates)))) , (S-ADV (NP-SBJ *-3) (VP reflecting (NP (NP the relief) (PP of (NP his compatriots))) (PP-TMP after (NP (NP (NP last week 's) victories) , (NP (NP the first major events) (SBAR-TMP since (S (NP-SBJ the Supreme Court) , (PP-LOC in (NP its July 3 Webster decision)) , (VP permitted (S (NP-SBJ the states) (VP to (VP enact (NP (NP restrictions) (PP on (NP abortions)))))))))))))) .)) (TOP (S `` But (SBAR-NOM-SBJ (WHNP-1 (WHADJP how many) more times) (S (NP-SBJ-2 we) (VP 're (VP going (S (NP-SBJ *-2) (VP to (VP feel (ADJP-PRD good)))) (PP-TMP in (NP the next 15)) (NP-TMP *T*-1))))) (VP is (NP-PRD another question)) . '')) (TOP (S (ADVP Indeed) , (NP-SBJ abortion-rights activists) (ADVP-TMP still) (VP face (NP their greatest tests)) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ The pro-choice movement) (VP has (VP shown (PRN -- (ADVP-TMP finally) --) (SBAR that (S (NP-SBJ it) (VP can (VP mobilize))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Glen Halva-Neubauer) , (NP (NP a Furman University political scientist) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP specializes (PP-CLR in (SBAR (WHADVP-2 how) (S (NP-SBJ state legislators) (VP handle (NP the abortion question) (ADVP-MNR *T*-2)))))))))) .)) (TOP (S `` But (NP-SBJ it) (ADVP-TMP still) (VP has n't (VP shown (SBAR that (S (NP-SBJ it) (VP can (VP win (PP-LOC in (NP (NP a state) (PP like (NP Pennsylvania or Missouri)) , (SBAR-LOC (SBAR (WHADVP-1 where) (S (NP-SBJ abortion) (VP has (VP been (ADVP clearly) (NP-PRD an electoral issue) (ADVP-LOC *T*-1))))) and (SBAR (WHADVP-2 where) (S (NP-SBJ it) (VP 's (VP been (NP-PRD an emotional issue) (PP-TMP for (NP a long time)) (ADVP-LOC *T*-2)))))))))))))) . '')) (TOP (S (NP-SBJ (NP The foes) (PP of (NP abortion))) (VP hold (NP the strong whip hand) (PP-LOC in (NP (NP Pennsylvania) , (SBAR-LOC (WHADVP-3 where) (S (NP-SBJ abortion-rights activists) (VP are (ADVP (ADVP so much) (SBAR *ICH*-1)) (PP-PRD on (NP the defensive)) (SBAR-1 that (S (NP-SBJ their strategy) (VP is (ADVP (ADVP less) (SBAR *ICH*-4)) (S-PRD (NP-SBJ *) (VP to (VP fight (NP the proposed legislation)))) (SBAR-4 than (S (NP-SBJ it) (VP is (S-PRD (NP-SBJ *) (VP to (VP stress (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ the state legislature) (VP does n't (VP reflect (NP (NP the viewpoints) (PP of (NP (NP the state 's) citizens))) (ADVP-MNR *T*-2)))))))))))))) (ADVP-LOC *T*-3))))))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ-1 (NP (NP GOP state Rep. Stephen Freind) (PP of (NP Delaware County))) , (NP (NP (NP the legislature 's) leading foe) (PP of (NP abortion))) ,) (VP has (VP been (VP given (NP *-1) (NP (NP (ADJP (ADVP all but) free) rein) (SBAR (WHADVP-3 0) (S (S (NP-SBJ *) (VP to (VP press (NP a strict seven-point plan (S (NP-SBJ *) (VP to (VP restrict (NP abortion))))) (ADVP-MNR *T*-3)))) and (PRN , (S (NP-SBJ he) (VP hopes (SBAR 0 (S *T*-4)))) ,) (S-TPC-4 (NP-SBJ *) (VP to (VP force (S (NP-SBJ the Supreme Court) (ADVP-MNR directly) (VP to (VP reassess (NP (NP its 1973 Roe v. Wade decision) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP established (NP (NP the right) (PP of (NP abortion))) (PP-TMP in (NP the first place))))))))) (ADVP-MNR *T*-3)))))))))) .)) (TOP (S (NP-SBJ (NP The Freind legislation) (PRN -- (S (S (NP-SBJ (NP the state 's) House Judiciary Committee) (VP approved (NP it) (PP-LOC in (NP Harrisburg)) (NP-TMP this week))) and (S (NP-SBJ-1 the full Pennsylvania House) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP take (PRT up) (NP the bill) (NP-TMP next Tuesday)))))))) --)) (VP includes (NP (NP a provision) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP ban (NP (NP abortions) (PP-TMP after (NP (NP 24 weeks) (PP of (NP pregnancy))))) (PRN , except (S-PRP (NP-SBJ *) (VP to (VP avert (NP (NP the death) (PP of (NP the mother))))))))))))) .)) (TOP (S (NP-SBJ Mr. Freind) (VP calculates (SBAR that (S (NP-SBJ (NP the provision) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP attacks (NP (NP the trimester standards) (SBAR (WHNP-2 that) (S (NP-SBJ Roe) (VP established (NP *T*-2)))))))) ,) (VP will `` (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-3)) (ADJP-PRD necessary) '' (SBAR-3 for (S (NP-SBJ the Supreme Court) (VP (VP to (VP review (NP Roe))) and , (VP (ADVP perhaps) , to (VP overturn (NP it)))))))))))) .)) (TOP (S But (NP-SBJ the Pennsylvania measure) (ADVP also) (VP includes (NP (NP an `` informed consent '' provision) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP may (VP become (S-PRD (NP-SBJ-3 *) (VP (ADVP-MNR widely) imitated (NP *-3) (PP by (NP-LGS (NP abortion foes) (SBAR (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (VP want (S (NP-SBJ *-4) (VP to (VP make (S (NP-SBJ (NP women) (VP contemplating (NP abortion))) (ADJP-PRD (ADJP as uncomfortable) (PP as (ADJP possible)) (PP (PP with (NP the procedure)) and (PP with (NP themselves))))))))))))))))))))) .)) (TOP (S (PP-LOC Under (NP this legislation)) , (NP-SBJ-1 a woman) (VP must (VP be (VP informed (NP *-1) (PP-TMP (NP 24 hours) before (NP the operation)) (PP-CLR of (NP (NP (NP the details) (PP of (NP the procedure))) and (NP its risks)))))) .)) (TOP (S-1 `` (ADVP Regardless (PP of (SBAR whether (S (NP-SBJ one) (VP supports or opposes (NP (NP the right) (PP to (NP an abortion)))))))) (PRN , '' (S (NP-SBJ Mr. Freind) (VP argues (S *T*-1))) ,) `` (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP is (ADJP-PRD virtually impossible) (SBAR-2 for (S (NP-SBJ any rational human being) (VP to (VP disagree (PP-CLR with (NP the concept (SBAR that (S (NP-SBJ a woman) (VP has (NP the right (S (NP-SBJ *) (VP to (VP have (S (NP-SBJ-4 (NP all) (PP of (NP the appropriate materials and advice))) (VP made (S (NP-SBJ *-4) (ADJP-PRD available (PP to (NP her)))))) (SBAR-TMP before (S (NP-SBJ she) (VP makes (NP (NP a decision) (SBAR (WHNP-3 which) , (S (NP-ADV (NP one way) or (NP the other)) , (NP-SBJ *T*-3) (VP might (VP remain (PP-PRD with (NP her)) (PP-TMP for (NP (NP the rest) (PP of (NP her life)))))))))))))))))))))))))) . '')) (TOP (S (PP-LOC In (NP (NP Michigan) , (SBAR (WHADVP-1 where) (S (NP-SBJ-2 the state Senate) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP approve (NP parental-consent legislation) (PP-TMP by (NP (NP the end) (PP of (NP next week)))) (ADVP-LOC *T*-1)))))))) ,)) (NP-SBJ Gov. Blanchard) (VP is (NP-PRD (NP the principal obstacle) (PP for (NP anti-abortionists)))) .)) (TOP (S (NP-SBJ (NP Susan Rogin) , (NP (NP a consultant) (PP to (NP (NP abortion-rights activists) (PP-LOC in (NP the state))))) ,) (VP takes (NP comfort) (PP-CLR from (NP the fact (SBAR that (S (NP-SBJ-2 (NP the state 's) House abortion opponents) `` (VP have n't (VP been (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP muster (NP (NP the votes) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP overturn (NP (NP a veto) (PP on (NP abortion))) (ADVP-MNR *T*-1)))))))))) (PP-TMP in (NP 16 years))))))))) . '')) (TOP (S But (NP-SBJ proponents) (VP believe (SBAR 0 (S (NP-SBJ-1 they) (VP may (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP shake (S (NP-SBJ enough votes (S *ICH*-2)) (ADJP-PRD loose) (S-2 (NP-SBJ *) (VP to (VP override (NP the veto))))))))) (SBAR-ADV if (S (NP-SBJ-3 they) (VP are (ADJP-PRD successful) (PP in (S-NOM (NP-SBJ *-3) (VP portraying (NP the legislation) (PP-CLR as (NP (NP a matter) (PP of (NP (NP parents ') rights))))))))))))))) .)) (TOP (S (PP-LOC In (NP Illinois)) , (NP-SBJ lawmakers) (VP will (VP vote (PP-TMP before (NP next spring)) (PP-CLR on (NP (NP (NP legislation) (VP requiring (S (NP-SBJ-1 physicians) (VP to (VP perform (NP tests) (PP-CLR on (NP fetuses)) (PP-TMP at (NP 20 weeks)) (S-PRP (NP-SBJ *-1) (VP to (VP determine (NP their gestational (NX (NX age) , (NX weight) and (NX lung maturity))))))))))) (ADVP along (PP with (NP (NP a provision) (VP requiring (SBAR that , (S (SBAR-ADV if (S (NP-SBJ fetuses) (VP survive (NP an abortion)))) , (NP-SBJ-2 a second doctor) (VP must (VP be (PP-LOC-PRD on (NP hand)) (S-PRP (NP-SBJ *-2) (VP to (VP help (S (NP-SBJ it) (VP survive))))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 The legislation) (VP failed (PP-EXT by (NP one vote)) (S (NP-SBJ *-1) (VP to (VP clear (NP the House Rules Committee)))) (NP-TMP Tuesday))) , but (S (NP-SBJ-2 anti-abortionists) (ADVP-TMP still) (VP may (VP succeed (PP in (S-NOM (NP-SBJ *-2) (VP bringing (NP the measure) (PP-DIR to (NP the floor)) (NP-TMP this fall))))))) .)) (TOP (S (NP-SBJ (NP Pamela Sutherland) , (NP (NP executive director) (PP of (NP the Illinois Planned Parenthood Council))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP she) and (NP her allies)) (VP are (ADJP-PRD `` cautiously optimistic '' (SBAR 0 (S (NP-SBJ they) (VP can (VP defeat (NP it) (SBAR-ADV if (S (NP-SBJ it) (VP comes (PP-CLR to (NP a floor vote)))))))))))))) .)) (TOP (S (NP-SBJ-2 (NP Abortion foes) (PP-LOC in (NP Wisconsin))) , (ADVP-TMP meanwhile) , (VP (VP expect (S (NP-SBJ-1 a parental-consent bill) (VP to (VP be (VP sent (NP *-1) (PP-DIR to (NP the state assembly floor)) (PP-TMP by (NP early November))))))) and (VP are (ADJP-PRD hopeful (PP of (S-NOM (NP-SBJ *-2) (VP prevailing (PP-LOC in (NP both houses)) (PP-TMP by (NP next March)))))))) .)) (TOP (S (PP-LOC In (NP Texas)) , (NP-SBJ-1 abortion opponents) (VP want (S (NP-SBJ *-1) (VP to (VP pass (NP (NP parental-consent legislation) (PP along (PP with (NP (NP a statewide ban) (PP on (NP (NP (NP the use) (PP of (NP public funds , personnel and facilities)) (PP-PRP for (NP abortion))) , and (NP (NP viability tests) (PP for (NP (NP fetuses) (UCP (NP 19 weeks) and (ADJP older))))))))))))))) .)) (TOP (S (NP-SBJ The anti-abortionists) (VP are (VP urging (NP-1 GOP Gov. Bill Clements) (S (NP-SBJ *-1) (VP to (VP press (NP the issues) (PP-LOC in (NP (NP a special session) (VP scheduled (S (NP-SBJ *) (VP to (VP run (NP-TMP (NP Nov. 14) to (NP Dec. 13))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The prognosis) (VP is (ADVP only) (ADJP-PRD fair))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Kathie Roberts) , (NP (NP administrative director) (PP of (NP the Texas (NAC Right (PP to (NP Life))) Committee)))) .)) (TOP (S `` (S (NP-SBJ Next year) (VP is (NP-PRD an election year))) and (S (NP-SBJ-1 the legislators) (ADVP just) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP do (NP (NP anything) (PP about (NP this))) (ADVP-TMP now))))))) . '')) (TOP (S (NP-SBJ This legislative activity) (VP comes (SBAR-TMP as (S (NP-SBJ both sides) (VP are (VP (VP undertaking (NP new mobilization efforts)) , (VP plunging (PP-DIR into (NP (NP gubernatorial races) (PP-LOC in (NP (NP Virginia) and (NP New Jersey)))))) , and (VP girding (PP-CLR for (NP (NP next autumn 's) state elections)))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-3 abortion foes) (VP have (VP developed (NP a national legislative strategy) , (S-ADV (NP-SBJ-4 *-3) (VP deciding (S (NP-SBJ *-4) (VP to (VP move (PP on (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP Jacki Ragan) , (NP (NP the (NP (NAC National Right (PP to (NP Life))) Committee 's) director) (PP of (NP state organizational development))) ,) (VP calls (S (NP-SBJ *T*-1) `` (NP-PRD (NP reasonable measures) (SBAR (WHNP-2 that) (S (NP-SBJ (NP an overwhelming mainstream majority) (PP of (NP Americans))) (VP support (NP *T*-2))))))))))))))))) . '')) (TOP (S (NP-SBJ These) (VP include (NP (NP (NP bans) (PP on (NP (NP the use) (PP of (NP abortion)) (PP-PRP for (NP (NP birth control) and (NP sex selection)))))) , and (NP (NP the public funding) (PP of (NP (NP alternatives) (PP for (NP abortion))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ (NP Those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (PP-LOC-PRD on (NP the other side)))))) (VP can (ADVP hardly) (VP oppose (NP alternative funding) (SBAR-ADV if (S (NP-SBJ-2 they) (VP continue (S (NP-SBJ-4 *-2) (VP to (VP insist (PP-CLR on (S-NOM (NP-SBJ *-4) (VP calling (S (NP-SBJ themselves) (ADJP-PRD ` pro-choice ' (PP rather than ` (ADJP pro-abortion)))))))))))))))) , ' '' (VP says (S *T*-3)) (NP-SBJ (NP Mary Spaulding) , (NP (NP the group 's) associate state legislative coordinator)) .)) (TOP (S (PP-TMP Over (NP the weekend)) , (NP-SBJ the National Abortion Rights Action League) (VP (VP singled (PRT out) (NP (NP eight politicians) , (PP including (NP (NP Pennsylvania 's) Mr. Freind)) ,) (PP-CLR as (NP 1990 targets))) and (VP held (NP (NP a Washington seminar) (VP designed (S (NP-SBJ *) (VP to (VP train (NP its leaders) (PP in (NP (NP political techniques) , (PP including (SBAR (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP put (NP the anti-abortionists) (PP-PUT on (NP the defensive)) (PP-LOC in (NP state legislatures)) (ADVP-MNR *T*-1))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (ADVP-TMP now) (VP see (S (NP-SBJ pro-choice legislators) (VP going (PP-PRD on (NP the offensive)))) (PP-TMP for (NP the first time)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Kate Michelman) , (NP (NP executive director) (PP of (NP the group)))) .)) (TOP (NP Wall Street)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ-3 I) (VP was (UCP-PRD (NP just a child) And (VP confronted (NP *-3) (PP by (NP-LGS my fears)))) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP The things) (SBAR (WHNP-2 that) (S (NP-SBJ I) (VP thought (SBAR 0 (S (NP-SBJ *T*-2) (VP would (VP get (NP me))))))))) (VP Had (NP (NP fangs) and (NP pointed ears))) .)) (TOP (S (S (NP-SBJ (NP Nothing) (ADJP much)) (VP has (VP changed))) -- (S (NP-SBJ My periodic scares) (VP Are (ADVP-TMP still) (PP-PRD from (NP hostile animals)))) , Only (S (ADVP-TMP now) , (NP-SBJ they) (VP 're (NP-PRD bulls and bears))) .)) (TOP (NP -- Pat D'Amico .)) (TOP (NP Daffynition)) (TOP (NP (NP Trained dolphins) : (NP pur-poises) .)) (TOP (NP -- Marrill J. Pederson .)) (TOP (S (NP-SBJ (NP This maker and marketer) (PP of (NP cartridge tape systems))) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP the sale) (PP of (NP (NP (QP 2.85 million) shares) (PP of (NP common)) (VP priced (NP *) (PP-CLR at (NP (NP $ 10 *U*) (NP-ADV a share))))))) (PP-LOC in (NP an initial public offering)))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR (SBAR that (S (NP-SBJ it) (VP is (VP selling (NP (QP two million) shares))))) and (SBAR that (S (NP-SBJ-1 the rest) (VP are (VP being (VP sold (NP *-1) (PP by (NP-LGS certain stockholders))))))))) .)) (TOP (S (NP-SBJ-1 Proceeds) (VP will (VP be (VP used (NP *-1) (PP-CLR for (NP (NP capital expenditures) and (NP working capital)))))) .)) (TOP (S (NP-SBJ (NP Goldman , Sachs & Co.) and (NP Montgomery Securities Inc.)) (VP are (VP co-managing (NP the offering))) .)) (TOP (S (NP-SBJ Congress) (VP sent (NP President Bush) (NP (NP an (ADJP (QP $ 18.4 billion) *U*) fiscal 1990 Treasury and Postal Service bill) (VP (VP providing (NP (QP $ 5.5 billion) *U*) (PP-CLR for (NP the Internal Revenue Service))) and (VP increasing (NP (NP the Customs Service 's) air-interdiction program) (NP-EXT nearly a third))))) .)) (TOP (S (S (NP-SBJ Final approval) (VP came (PP-LOC on (NP (NP a simple voice vote) (PP-LOC in (NP the Senate)))))) , and (S (NP-SBJ the swift passage) (VP contrasted (PP-CLR with (NP (NP months) (PP of (NP (NP negotiations) (PP over (NP (NP the underlying bill) (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (ADJP-PRD laced (PP with (NP (NP special-interest provisions) (PP for (NP both (NP members) and (NP the executive branch))))))))))))))))) .)) (TOP (S (NP-SBJ-1 An estimated (QP $ 33 million) *U*) (VP was (VP added (NP *-1) (PP-PRP for (NP (NP university and science grants) , (PP including (NP (NP (QP $ 1.5 million) *U*) (PP for (NP Smith College)))))))) .)) (TOP (S And (NP-SBJ Southwest lawmakers) (VP were (NP-PRD (NP a driving force) (PP-LOC behind (NP (NP (NP (QP $ 54.6 million) *U*) (PP for (NP U.S.-Mexico border facilities))) , or (NP (QP more than double) (NP the administration 's) request))))) .)) (TOP (S (S (NP-SBJ-1 (QP More than $ 1.8 million) *U*) (VP is (VP allocated (NP *-1) (PP-CLR for (NP (NP pensions and expenses) (PP for (NP former presidents))))))) , and (S (NP-SBJ-2 (NP the budget) (PP for (NP (NP the official residence) (PP of (NP Vice President Quayle))))) (VP is (VP (ADVP more than) doubled (NP *-2)) , (SBAR-ADV with (S (NP-SBJ-3 $ 200,000 *U*) (VP designated (NP *-3) (PP-CLR for (NP (NP improvements) (PP to (NP the property))))))))) .)) (TOP (S (NP-SBJ-1 (NP Even the Office) (PP of (NP Management and Budget))) (VP is (VP remembered (NP *-1) (PP with (NP (NP an extra (QP $ 1 million) *U*) (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP to (VP help (VP offset (NP (NP pay costs) (SBAR (WHNP-2 that) (S (NP-SBJ-3 other government departments) (VP are (VP being (VP asked (NP-5 *-3) (S (NP-SBJ *-5) (VP to (VP absorb (NP *T*-2))))))))))))))))))) .)) (TOP (S (PP-LOC Within (NP the IRS)) , (NP-SBJ-3 (NP (QP nearly $ 1.95 billion) *U*) (NP *ICH*-2)) (VP is (VP provided (NP *-3) (PP-CLR for (S-NOM (NP-SBJ *) (VP processing (NP tax returns)))) , (NP-2 (NP (NP a (ADJP 12 %) increase) (PP over (NP fiscal 1989))) and (NP double (SBAR-NOM (WHNP-4 what) (S (NP-SBJ the government) (VP was (VP spending (NP *T*-4) (ADVP-TMP (NP five years) ago))))))))) .)) (TOP (S (S (NP-SBJ Investigation and taxpayer service accounts) (VP would (VP grow (PP-DIR to (NP (QP $ 1.6 billion) *U*))))) , and (S (NP-SBJ Congress) (ADVP specifically) (VP added (NP (QP $ 7.4 million) *U*) (PP-PRP for (NP (NP (ADJP stepped (PRT up)) criminal investigations) (PP of (NP (NP money laundering) (VP related (NP *) (PP-CLR to (NP drug traffic))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP The large increase) (PP-LOC in (NP Customs Service air-interdiction funds))) (VP is (ADVP also) (VP intended (S (NP-SBJ *-1) (VP to (VP counter (NP smuggling))))))) , and (S (NP-SBJ the annual appropriations level) (VP has (VP (ADVP more than) quadrupled (PP-TMP in (NP five years))))) .)) (TOP (S (NP-SBJ (NP The (QP $ 196.7 million) *U*) (VP provided (NP *) (PP-CLR for (NP fiscal 1990)))) (VP anticipates (NP (NP the purchase) (PP of (NP (NP a Lockheed P-3 surveillance aircraft) and (NP five Cessna Citation II jets))))) .)) (TOP (S (PP Despite (NP administration reservations)) , (NP-SBJ the plan) (VP has (VP had (NP (NP the quiet backing) (PP of (NP (NP customs officials) (CONJP as well as) (NP (NP influential lawmakers) (PP from (NP (NP (NP Cessna 's) home state) , (NP Kansas))))))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Among (NP (NP legislative provisions) (VP attached (NP *) (PP-CLR to (NP the bill))))) (VP is (PP-LOC-PRD *T*-1)) (NP-SBJ (NP a ban) (PP on (NP (NP any Treasury Department expenditure) (PP for (NP (NP enforcement) (PP of (NP (NP a 1986 tax provision) (VP intended (S (NP-SBJ *) (VP to (VP counter (NP discrimination) (PP-LOC in (NP employee-benefit plans))))))))))))) .)) (TOP (S (NP-SBJ Small-business interests) (VP have (VP lobbied (PP-CLR against (NP the so-called Section 89 tax rules)))) .)) (TOP (S (S (NP-SBJ-1 Repeal) (VP is (VP considered (S (NP-SBJ *-1) (ADJP-PRD likely)) (ADVP-TMP now)))) , but (S (NP-SBJ-2 the Treasury Department bill) (VP has (VP been (VP used (NP *-2) (PP-CLR as (NP a vehicle)) (S-CLR (NP-SBJ *-2) (VP to (VP (VP raise (NP (NP the profile) (PP of (NP the issue)))) and (VP block (NP any action) (PP-TMP in (NP the interim)))))))))) .)) (TOP (SINV (ADJP-PRD-TPC-2 Less noticed) (VP is (ADJP-PRD *T*-2)) (NP-SBJ (NP a bit) (PP of (NP (NP legislative legerdemain) (PP by (NP Houston Republicans)) (PP on (NP (NP behalf) (PP of (NP (NP HEI Corp.) (PP of (NP Texas)))))) (SBAR (WHADVP-3 0) (S (NP-SBJ-1 *) (VP to (ADVP retroactively) (VP `` move '' (NP a Missouri hospital) (PP-DIR from (NP one county)) (PP-DIR to (NP the next)) (S-PRP (NP-SBJ *-1) (VP to (VP justify (NP higher Medicare reimbursements)))) (ADVP-MNR *T*-3)))))))) .)) (TOP (S (NP-SBJ-1 The provision) (VP seeks (S (NP-SBJ *-1) (VP to (VP wipe (PRT out) (NP (NP an estimated (QP $ 1.4 million) *U*) (PP in (NP (NP claims) (VP made (NP *) (PP by (NP-LGS the Health Care Finance Administration)) (PP against (NP (NP HEI) , (SBAR (WHNP-1988 which) (S (NP-SBJ *T*-1988) (VP owned (NP (NP the hospital) (PP-LOC in (NP (NP Sullivan) , (NP Mo.) ,))) (PP-TMP during (NP (NP most) (PP of (NP (NP the four-year period) (PRN -- (NP 1983-1987) --) (VP covered (NP *) (PP-LOC in (NP the amendment)))))))))))))))))))) .)) (TOP (S (PP-LOC In (NP a separate development)) , (NP-SBJ-2 (NP a private meeting) (PP *ICH*-1)) (VP is (VP scheduled (NP *-2) (NP-TMP this morning) (PP-1 between (NP (NP (NP House Appropriations Committee Chairman Jamie Whitten) (PRN -LRB- (NP (NP D.) , (NP-LOC Miss .)) -RRB-)) and (NP (NP Sen. Dale Bumpers) (PRN -LRB- (NP (NP D.) , (NP-LOC Ark .)) -RRB-)))) (PP in (NP an effort (S (NP-SBJ *) (VP to (VP end (NP (NP a dispute) (SBAR (WHNP-3 which) (S (PP-TMP for (NP two weeks)) (NP-SBJ *T*-3) (VP has (VP delayed (NP (NP action) (PP on (NP an (ADJP (QP estimated $ 44 billion) *U*) agriculture bill))))))))))))))) .)) (TOP (S (S (NP-SBJ A House-Senate conference) (VP reached (NP-CLR agreement) (NP-TMP Oct. 5) (PP-CLR on (NP (NP (ADJP virtually all) major provisions) (PP of (NP the bill)))))) , but (S (NP-SBJ-5 final settlement) (VP has (VP been (VP stalled (NP *-5) (PP-PRP because of (NP (NP differences) (PP between (NP the two men)) (PP over (NP (NP the fate) (PP of (NP (NP a modest Arkansas-based program) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP provide (NP technical information) (PP-CLR to (NP (NP farmers) (VP seeking (S (NP-SBJ *) (VP to (VP reduce (NP (NP their dependence) (PP on (NP chemical fertilizers and pesticides))))))))))))))))))))))) .)) (TOP (S (S (NP-SBJ (NP The program 's) nonprofit sponsors) (VP received (NP $ 900,000 *U*) (PP-TMP in (NP fiscal 1989)) (PP-MNR through (NP an Extension Service grant)))) , but (S (NP-SBJ Mr. Whitten) (VP has (VP been (ADJP-PRD adamant) (PP in (S-NOM (NP-SBJ *) (VP insisting (SBAR that (S (NP-SBJ-1 the program) (VP be (VP cut (NP *-1) (PP-TMP in (NP 1990)))))))))))) .)) (TOP (S (S (NP-SBJ The 79-year-old Mississippian) (VP takes (NP (NP a (ADJP more orthodox) , entrenched view) (PP of (NP agriculture policy)) (PP than (NP (NP those) (PP-LOC in (NP the movement (S (NP-SBJ *) (VP to (VP reduce (NP chemical use))))))))))) , but (S (PP as (NP (NP a master) (PP of (NP pork-barrel politics)))) , (NP-SBJ-1 he) (VP is (VP believed (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD annoyed (ADVP as well) (SBAR that (S (NP-SBJ the project) (VP moved (PP-DIR to (NP Arkansas)) (PP-DIR from (NP (NP a Tennessee center) (PP near (NP (NP Memphis) and (NP the northern Mississippi border))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Michael F. Klatman) , (NP (NP director) (PP of (NP (NP corporate public relations) (PP-LOC at (NP Data General Corp.))))) ,) (VP was (VP named (NP *-1) (PP-CLR to (NP (NP the new position) (PP of (NP (NP vice president) , (NP corporate communications) , (PP of (NP (NP this maker) (PP of (NP data storage equipment)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ B.A.T Industries PLC) (VP may (VP delay (NP (NP (NP aspects) (PP of (NP its defensive restructuring plan))) (PRN -- (PP including (NP (NP the sale) (PP of (NP its Saks Fifth Avenue and Marshall Field units)))) --)) (PP-LOC in (NP (NP the wake) (PP of (NP (NP the current upheaval) (PP-LOC in (NP financial markets))))))))) , (NP-SBJ company officials) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 The British conglomerate) , (S-ADV (NP-SBJ-4 *) (VP planning (NP its own defensive restructuring) (S-PRP (NP-SBJ *-4) (VP to (VP fight (PRT off) (NP (NP a (ADJP (QP # 13.35 billion) *U*) (PRN -LRB- (ADJP (QP $ 21.03 billion) *U*) -RRB-) takeover bid) (PP by (NP Anglo-French financier Sir James Goldsmith)))))))) , (VP intends (S (NP-SBJ-3 *-1) (VP to (VP press (ADVP-CLR ahead) (PP-CLR with (NP an extraordinary shareholder vote)) (NP-TMP today) (S-PRP (NP-SBJ *-3) (VP to (VP clear (NP the way) (PP for (NP its value-boosting measures))))))))) .)) (TOP (S (S-TPC-1 (FRAG-ADV If (NP anything)) , (NP-SBJ (NP the gyrations) (PP-LOC (PP in (NP world stock markets)) (PRN -- and (PP in (NP (NP B.A.T 's) share price)) --)) (PP-TMP since (NP (NP last Friday 's) sharp Wall Street sell-off))) (VP have (VP increased (NP (NP the likelihood) (PP of (NP (NP shareholder approval) (PP for (NP the restructuring)))))))) , (NP-SBJ (NP analysts) and (NP several big institutional holders)) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ *) (VP Thank (NP God) (SBAR 0 (S (NP-SBJ we) (VP have (NP some deal) (PP-LOC on (NP the table))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Stewart Gilchrist) , (NP (NP a director) (PP-LOC at (NP (NP Scottish Amicable Investment Managers) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP intends (S (NP-SBJ *-3) (VP to (VP vote (NP its (ADJP (QP roughly 1) %) stake) (PP-MNR in (NP (NP favor) (PP of (NP the restructuring)))))))))))))) .)) (TOP (S (NP-SBJ (NP Investors) (PP-LOC in (NP B.A.T))) (VP have (VP been (PP-LOC-PRD on (NP a roller coaster)))) .)) (TOP (S (NP-SBJ B.A.T) (VP has (VP been (NP-PRD (NP (NP London 's) best-performing blue chip) (PP-TMP over (NP the past six months))) , (ADVP up (NP 40 %) (PP against (NP (NP a (ADJP 4 %) rise) (PP-LOC in (NP the Financial Times 100-Share Index))))))) .)) (TOP (S But (NP-TMP this week) , (NP-SBJ-1 B.A.T) (VP has (VP been (VP hit (NP *-1) (ADVP-MNR (ADVP harder) (PP than (NP other big U.K. stocks))) (PRN -- (PP (ADVP-TMP first) (PP by (NP-LGS the market gyrations)) , (ADVP-TMP then) (PP by (NP-LGS (NP (NP Tuesday 's) San Francisco earthquake) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP could (VP leave (S (NP-SBJ (NP B.A.T 's) Farmers Group Inc. insurance unit) (VP facing (NP big claims)))))))))))))) .)) (TOP (S (NP-SBJ B.A.T) (VP rose (NP-EXT (NP five pence) (PRN -LRB- (NP eight cents) -RRB-)) (PP-DIR to (NP (NP 756 pence) (PRN -LRB- (NP $ 11.91 *U*) -RRB-))) (PP-LOC in (NP London)) (NP-TMP yesterday) (SBAR-TMP as (S (NP-SBJ a late market rally) (VP erased (NP (NP a 28-pence fall) (ADVP-TMP earlier (PP in (NP the day)))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP fight (PRT off) (NP predators)))) , (NP-SBJ-1 B.A.T) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP spin (PRT off) (NP (NP (QP about $ 6 billion) *U*) (PP in (NP assets))) , (ADVP largely) (PP-MNR (PP by (S-NOM (NP-SBJ *-2) (VP selling (NP (NP such U.S. retailing units) (PP as (NP (NP Marshall Field) and (NP Saks))))))) and (PP by (S-NOM (NP-SBJ *-2) (VP floating (NP its big paper and U.K. retailing business) (PP-MNR via (NP (NP share issues) (PP to (NP existing holders)))))))))))) .)) (TOP (S (NP-SBJ-1 Proceeds) (VP will (VP help (S (NP-SBJ *-1) (VP pay (PP-CLR for (NP (NP (NP a planned buy-back) (PP of (NP (NP 10 %) (PP of (NP its shares))))) and (NP a (ADJP 50 %) dividend increase))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the restructuring) (VP will (VP get (NP the required support))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Michael Pacitti) , (NP (NP an analyst) (PP-LOC at (NP London stockbroker UBS Phillips & Drew)))) .)) (TOP (S `` (NP-SBJ-1 The shareholders) (ADVP effectively) (VP will (VP support (NP the share price) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP clearing (NP the share buy-back)))))) . '')) (TOP (S But (NP-SBJ (NP (NP B.A.T 's) restructuring) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (ADVP-TMP never) (VP going (S (NP-SBJ *) (VP to (VP happen (ADVP-MNR quickly)))))))) ,) (ADVP-TMP now) (VP will (VP take (ADVP-CLR longer) (PP-PRP because of (NP the market upheaval)))) .)) (TOP (S (NP-SBJ (NP Company officials , holders and analysts) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP previously) (VP expected (S (NP-SBJ the disposals) (VP to (VP be (ADJP-PRD substantially complete) (PP-TMP by (NP (NP the end) (PP of (NP (NP next year 's) first half))))))))))) (ADVP-TMP now) (VP say (SBAR 0 (S (NP-SBJ the market gyrations) (VP could (VP delay (NP the actions) (PP-TMP (ADVP well) into (NP the second half))))))) .)) (TOP (S `` (NP-SBJ We) (VP are n't (NP-PRD forced sellers)) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ We) (VP do n't (VP have (NP an absolute deadline)))) and (S (SBAR-ADV if (S (NP-SBJ market conditions) (VP are (ADJP-PRD truly awful)))) (NP-SBJ we) (VP might (VP decide (SBAR 0 (S (NP-SBJ it) (VP is not (NP-PRD (NP the right time) , '' (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP take (NP particular steps) (ADVP-TMP *T*-2))))))))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Michael Prideaux) , (NP a B.A.T spokesman)) .)) (TOP (S-1 (SBAR-ADV Even if (S (NP-SBJ B.A.T) (VP receives (NP (NP approval) (PP for (NP the restructuring)))))) , (NP-SBJ the company) (VP will (VP remain (PP-LOC-PRD in (NP play)))) (PRN , (SINV (VP say (SBAR 0 (S *T*-1))) (NP-SBJ shareholders and analysts)) ,) (SBAR-ADV though (S (NP-SBJ the situation) (VP may (VP unfold (PP-TMP over (NP (NP the next 12 months) , (PP rather than (NP six)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ The new B.A.T) (VP will (VP be (NP-PRD (NP a smaller (UCP tobacco and financial-services) hybrid) (SBAR (WHNP-1 whose price-earnings ratio) (S (NP-SBJ *T*-1) (VP may (VP (ADVP-MNR (ADVP more closely) (PP *ICH*-3)) reflect (NP the lower-growth tobacco business) (PP-3 than (NP the higher-multiple financial-services business)))))))))) , (NP-SBJ these holders) (VP believe (SBAR 0 (S *T*-2)) ) .)) (TOP (S (ADVP Thus) (NP-SBJ (NP B.A.T 's) restructuring) (VP may (ADVP only) (VP make (S (NP-SBJ the company) (NP-PRD (NP a (ADJP more manageable) target) (PP for (NP (NP other corporate predators) -- (ADVP possibly) (NP (NP such acquisitive bidders) (PP as (NP Hanson PLC))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The last few days) (VP will (ADVP surely) (VP slow (PRT down) (NP (NP the pace) (PP of (NP events)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Scottish Amicable 's) Mr. Gilchrist) .)) (TOP (S `` But (NP-SBJ I) (VP would n't (VP write (PRT off) '' (NP (NP Sir James) or (NP other potential bidders)))) .)) (TOP (S (PP-LOC Among (NP possible delays)) , (NP-SBJ (NP the sales) (PP of (NP (NP (NP Saks) and (NP Marshall Field)) (PRN -- (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP were (VP expected (S (NP-SBJ *-2) (VP to (VP be (PP-PRD on (NP the block)) (PP-TMP (ADVP soon) after (NP the crucial Christmas season))))))))) --)))) (VP may (VP slide (PP-CLR into (NP the second quarter or second half)))) .)) (TOP (S (NP-SBJ Analysts) (VP estimate (SBAR that (S (NP-SBJ (NP sales) (PP of (NP the two businesses))) (VP could (VP raise (NP (QP roughly $ 2 billion) *U*)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ B.A.T) (VP is n't (VP predicting (NP a postponement) (SBAR-PRP because (S (S (NP-SBJ the units) `` (VP are (NP-PRD quality businesses))) and (S (NP-SBJ-1 we) (VP are (VP encouraged (NP *-1) (PP by (NP-LGS (NP the breadth) (PP of (NP inquiries)))))))))))) , '' (VP said (SBAR 0 (S *T*-2)) ) (NP-SBJ Mr. Prideaux) .)) (TOP (S (S-TPC-1 But (NP-SBJ the delay) (VP could (VP happen (SBAR-ADV if (S (NP-SBJ B.A.T) (VP does n't (VP get (NP adequate bids)))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)) ) .)) (TOP (S (NP-SBJ (NP People) (ADJP familiar (PP with (NP B.A.T)))) (VP say (SBAR 0 (S (NP-SBJ (NP possible acquirers) (PP for (NP the units))) (VP include (NP (NP managers) (PP from (NP (NP both retailing chains) , and (NP (NP General Cinema Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *-2) (VP bidding (PP-CLR for (NP Saks))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Other potential bidders) (PP for (NP (NP parts) (PP of (NP (NP B.A.T 's) U.S. retail unit))))) (VP include (NP (NP Dillard Department Stores Inc.) , (NP May Department Stores Co.) and (NP Limited Inc))) .)) (TOP (S (NP-SBJ-1 B.A.T) (VP has (VP declined (S (NP-SBJ *-1) (VP to (VP identify (NP the potential bidders)))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ Sir James) (VP has (VP said (SBAR 0 (S (NP-SBJ-2 he) (VP intends (S (NP-SBJ *-2) (VP to (VP mount (NP (NP a new bid) (PP for (NP B.A.T))) (SBAR-TMP once (S (NP-SBJ-1 (NP approval) (PP from (NP U.S. insurance regulators))) (VP is (VP received (NP *-1))))))))))))))) , (NP-SBJ (NP jitters) (PP over (NP (NP prospects) (PP for (NP (NP junk-bond financing) and (NP U.S. leverage buy-outs)))))) (VP are (VP making (S (NP-SBJ investors) (ADJP-PRD more skeptical (PP about (NP (NP Sir James 's) prospects)))))) .)) (TOP (S (NP-SBJ His initial offer) (VP indicated (SBAR 0 (S (NP-SBJ-1 he) (VP needed (S (NP-SBJ *-1) (VP to (VP raise (NP (NP (QP as much as 80) %) (PP of (NP the takeover financing))) (PP-MNR through (NP the debt markets))))))))) .)) (TOP (S (NP-SBJ Market uncertainty) (ADVP also) (VP clouds (NP (NP the outlook) (PP for (S-NOM (NP-SBJ B.A.T 's) (VP attracting (NP (NP a premium price) (PP for (NP its U.S. retailing properties)))))))) .)) (TOP (S (ADVP Finally) , (NP-SBJ (NP Tuesday 's) California earthquake) (ADVP initially) (VP knocked (NP 3.7 %) (PP-CLR off (NP (NP (NP B.A.T 's) share price) (PP-LOC in (NP London)))) (NP-TMP yesterday) (PP-PRP because of (NP (NP fears) (PP of (NP (NP the potential claims) (PP to (NP (NP (ADJP Los Angeles-based) Farmers) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP a substantial portion) (PP of (NP its property and casualty exposure))) (PP-LOC in (NP California)))))))))))) .)) (TOP (S (PP On (NP Farmers)) , (NP-SBJ Mr. Prideaux) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (ADVP-TMP-PRD too early (S (NP-SBJ *) (VP to (VP quantify (NP (NP the level) (PP of (NP potential claims))))))))))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR 0 (S (NP-SBJ B.A.T) `` (VP has (NP (NP no expectation) (PP of (NP (NP a material impact) (PP-LOC on (NP Farmers))))))))) .)) (TOP (S (NP-SBJ Bridge and highway collapses) (VP will (VP disrupt (NP (NP truck and auto transportation) (PP-LOC in (NP the San Francisco Bay area))) (PP-TMP for (NP (NP months) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP come)))))))) .)) (TOP (S (S-TPC-2 (S But (NP-SBJ (NP rail , air and ocean-shipping links) (PP to (NP the area))) (VP escaped (NP (NP Tuesday 's) earthquake) (PP-CLR with (NP only minor damage)))) , and (S (NP-SBJ-1 many) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP be (VP operating (ADVP-MNR normally) (NP-TMP today))))))))) , (NP-SBJ government and corporate transport officials) (VP said (SBAR 0 (S *T*-2)) ) .)) (TOP (S (S (NP-SBJ (NP Air traffic) (PP-LOC at (NP San Francisco International Airport))) (VP was (VP running (NP (NP (QP about 50) %) (PP of (NP normal))) (NP-TMP yesterday afternoon)))) , but (S (NP-SBJ airport officals) (VP said (SBAR 0 (S (NP-SBJ they) (VP expect (NP (NP a return) (PP to (NP full operations)) (PP-TMP by (NP Saturday)))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP The major gateway) (PP-LOC to (NP Asia))) and (NP (NP one) (PP of (NP (NP the nation 's) 10 busiest airports)))) (VP was (VP closed (NP *-1) (PP-CLR to (NP (NP all) but (NP emergency traffic))) (PP-TMP (PP from (NP (NP the time) (SBAR (WHADVP-2 0) (S (NP-SBJ the quake) (VP hit (NP-TMP Tuesday afternoon) (ADVP-TMP *T*-2)))))) , (PP until (NP (NP 6 a.m. PDT yesterday) (SBAR (WHADVP-3 when) (S (NP-SBJ controllers) (VP returned (PP-DIR to (NP the tower)) (ADVP-TMP *T*-3))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Getting (PP-DIR to and from (NP the airport)) (PP-TMP in (NP coming weeks)))) (VP may (VP be (NP-PRD the problem) , (ADVP however))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 (NP People 's) ability (S (NP-SBJ *) (VP to (VP drive (PP-LOC throughout (NP the bay area)))))) (VP is (VP (ADVP greatly) restricted (NP *-1)))) , '' (VP said (S *T*-2)) (NP-SBJ (NP a spokesman) (PP for (NP the American Automobile Association))) .)) (TOP (S (NP-SBJ (NP Tom Schumacher) , (NP (NP (NP executive vice president) and (NP general manager)) (PP of (NP (NP the California Trucking Association) (PP-LOC in (NP Sacremento))))) ,) (VP said (SBAR 0 (S (NP-SBJ his organization) (VP urged (NP-3 trucking firms) (S (NP-SBJ *-3) (VP to (VP halt (NP (NP all deliveries) (PP-DIR into (NP the Bay area)) (PP *ICH*-2)) (NP-TMP yesterday) , (PP-2 except (PP for (NP emergency-medical supplies)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Some foodstuff shipments) (VP will (ADVP probably) (VP resume (NP-TMP Thursday)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (S (ADVP-TMP Right now) (NP-SBJ-1 (NP most) (PP of (NP (NP the roads) (PP into (NP the Bay area))))) (VP are (VP closed (NP *-1)))) , but (S (NP-SBJ (NP the list) (PP of (NP closings))) (VP changes (NP about every 20 minutes))) .)) (TOP (S (S-TPC-2 (S (NP-TMP This (PRN -LCB- Wednesday -RCB-) morning) (NP-SBJ the San Mateo bridge) (VP was (ADJP-PRD open))) and (S (ADVP-TMP now) (NP-SBJ-1 we) (VP are (VP informed (NP *-1) (SBAR that (S (NP-SBJ it) (VP is (ADJP-PRD closed)))))))) , '' (NP-SBJ Mr. Schumacher) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ (NP United Parcel Service) , (NP-LOC (NP Greenwich) , (NP Conn.) ,)) (VP said (SBAR 0 (S (NP-SBJ-1 (NP its operations) (PP-LOC in (NP the San Francisco area))) (VP have (VP been (VP reduced (NP *-1) (PP-DIR to (NP (NP 40 %) (PP of (NP normal)))))))))) .)) (TOP (S (NP-SBJ A UPS spokesman) (VP said (SBAR that (S (SBAR-ADV although (S (NP-SBJ-1 (NP none) (PP of (NP (NP the company 's) terminals , trucks or airplanes))) (VP were (VP damaged (NP *-1) (PP-LOC in (NP the quake)))))) , (NP-SBJ (NP road shutdowns) and (NP power failures)) (VP have (VP impeded (NP (NP its pickup and delivery) (PP of (NP packages)))))))) .)) (TOP (S (NP-SBJ The spokesman) (VP noted (NP (NP (ADJP four-hour to five-hour) traffic delays) (PP-LOC on (NP the San Mateo bridge))) , (PP for (NP example))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ power failures) (VP prevented (NP-1 its package-sorting facilities) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP operating))) , (S-ADV (NP-SBJ *) (VP causing (NP delays)))) .)) (TOP (S But (NP-SBJ freight railroads) (VP reported (SBAR that (S (NP-SBJ (NP damage) (PP to (NP their facilities))) (VP was (ADJP-PRD relatively minor) , (SBAR-ADV with (S (NP-SBJ-1 (NP Santa Fe Pacific Corp. 's) rail unit) (NP-PRD the (ADJP least affected (PP by (NP the quake)))))))))) .)) (TOP (S (NP-SBJ Santa Fe) (VP (VP stopped (NP freight trains) (NP-TMP Tuesday night) (SBAR-TMP while (S (NP-SBJ its officials) (VP inspected (NP track))))) but (VP resumed (NP service) (PP-TMP at (NP 10:45 p.m.)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP found (NP no damage) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP Union Pacific Corp. 's) rail unit) (VP said (SBAR that (S (PP except (PP for (NP (NP damage) (PP to (NP (NP shipping containers) (PP-LOC in (NP its Oakland yard))))))) , (NP-SBJ its track , bridges and structures) (VP were (ADJP-PRD unharmed))))) .)) (TOP (S (NP-SBJ That railroad) (VP is (VP operating (NP trains) (PP but (PP with (NP (NP delays) (VP caused (NP *) (PP by (NP-LGS (NP employees) (ADJP unable (S (NP-SBJ *) (VP to (VP get (PP-DIR to (NP work)))))))))))))) .)) (TOP (S (NP-SBJ (NP Southern Pacific Transportation Co.) , (NP (NP the (ADJP hardest hit)) (PP of (NP (NP the three railroads) (PP-LOC in (NP the Bay area))))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 (NP service) (PP-LOC on (NP (NP its north-south coastline) , (SBAR (WHNP-3 which) (S (NP-SBJ-2 *T*-3) (VP is (VP used (NP *-2) (PP by (NP-LGS an Amtrak train)) (PP-LOC between (NP (NP Los Angeles) and (NP Seattle))))))) ,))) (VP was (VP suspended (NP *-1) (ADVP-TMP temporarily) (PP-PRP because of (NP (NP kinked rails) (PP-LOC near (NP (NP the epicenter) (PP of (NP the quake))))))))))) .)) (TOP (S But (NP-SBJ-1 (NP service) (PP-LOC on (NP the line))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP resume (PP-TMP by (NP (NP noon) (NP today)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP had (NP (NP no serious damage) (PP-LOC on (NP the railroad))))) , '' (VP said (S *T*-1)) (NP-SBJ a Southern Pacific spokesman) .)) (TOP (S `` (NP-SBJ We) (VP have (NP (NP no problem) (PP to (NP our freight service))) (ADVP at all) (PP expect (PP for (NP the fact (SBAR 0 (S (NP-SBJ-1 businesses) (VP are (VP shut (NP *-1) (PRT down))))))))) . '')) (TOP (S (NP-SBJ Amtrak) (VP said (SBAR 0 (S (NP-SBJ it) (VP suspended (NP (NP train service) (PP into (NP (NP its Oakland station) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP sustained `` (NP heavy structural damage) '' (PP-TMP during (NP the quake)))))))))))) .)) (TOP (S (NP-SBJ The passenger railroad) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP terminated (NP (NP some runs) (PP-LOC in (NP Sacramento))) , (S-ADV (NP-SBJ *-1) (VP relying (PP-CLR on (NP-2 buses)) (S-CLR (NP-SBJ *-2) (VP to (VP ferry (NP passengers) (PP-DIR to (NP the Bay area))))))))))) .)) (TOP (S (NP-SBJ Amtrak) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP planned (S (NP-SBJ *-1) (VP to (VP resume (NP (NP some train operations) (PP-LOC to (NP Oakland))) (NP-TMP late yesterday)))))))) .)) (TOP (S (NP-SBJ Rail-transit operations) (VP suffered (NP little damage) , (PP according (PP to (NP (NP Albert Engelken) , (NP (NP deputy executive director) (PP of (NP (NP the American Public Transit Association) (PP-LOC in (NP Washington))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The Bay Area Rapid Transit) `` (VP withstood (NP the earthquake) (ADVP perfectly))) , '' (VP said (SBAR 0 (S *T*-1)) ) (NP-SBJ-2 Mr. Engelken) , (S-ADV (NP-SBJ *-2) (VP adding (SBAR that (S (NP-SBJ-3 the rail system) (VP was (VP running (NP (NP a full fleet) (PP of (NP 45 trains))) (PP-TMP during (NP the day)) (S-PRP (NP-SBJ *-3) (VP to (VP provide (NP an alternative) (PP-CLR for (NP highway travelers))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 The highway system) (VP is (VP screwed (NP *-1) (PRT up) '' (PP by (NP-LGS the earthquake))))) , (NP-SBJ Mr. Engelken) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S `` (NP-SBJ The transit system) (VP is (SBAR-PRD (WHADVP how) (S (NP-SBJ-1 people) (VP are (VP going (S (NP-SBJ *-1) (VP to (VP be (VP getting (ADVP-CLR around)))))))))) . '')) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ (NP San Francisco 's) trolley cars and trolley buses) (VP were (ADVP also) (VP running (PP at (NP full service levels))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP air-traffic delays) (PP-LOC in (NP San Francisco))) (VP were (ADJP-PRD significant) (NP-TMP yesterday)))) , (NP-SBJ-1 they) (VP did n't (VP appear (S (NP-SBJ *-1) (VP to (VP spread (PP-DIR to (NP other airports))))))) .)) (TOP (S (NP-SBJ The earthquake) (VP (VP shattered (NP (NP windows) (PP-LOC at (NP (NP San Francisco International 's) air-traffic control tower)))) and (VP rained (NP (NP pieces) (PP of (NP the ceiling))) (ADVP-LOC-CLR down (PP on (NP (NP controllers) , (SBAR (WHNP-1 (WHNP three) (WHPP of (WHNP whom))) (S (NP-SBJ *T*-1) (VP suffered (NP minor injuries))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Terminals) (PP-LOC at (NP San Francisco International))) (ADVP also) (VP were (VP damaged (NP *-1)))) , but (S (NP-SBJ (NP the tower) (NP itself)) (VP was (ADJP-PRD intact))) .)) (TOP (S (NP-TMP Tuesday night) , (NP-SBJ-1 thousands) (VP (VP were (VP diverted (PP-DIR to (NP other airports)))) and (VP had (S (NP-SBJ-2 *-1) (VP to (VP wait (NP-TMP a day) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP resume (NP travel))))))))) .)) (TOP (S (S-TPC-3 (S (NP-SBJ-2 (NP Runways) (PP-LOC at (NP San Francisco))) (VP were n't (VP damaged (NP *-2)))) , but (S (NP-SBJ-1 traffic) (VP was (VP being (VP limited (NP *-1) (NP-TMP yesterday) (PP-CLR to (NP (NP (NP (NP 27 arrivals) and (NP 27 departures)) (NP-ADV an hour)) -- (ADVP down (PP from (NP (NP (NP (QP 33 to 45)) (NP-ADV an hour)) (ADVP normally)))))) -- (SBAR-PRP (ADVP mainly) because (S (NP-SBJ (NP the noise level) (PP-LOC in (NP the control tower))) (VP was (ADJP-PRD overwhelming) (PP without (NP the windows)))))))))) , (NP-SBJ an FAA spokeswoman) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ-1 the airport) (VP was (ADJP-PRD closed)))) , (NP-SBJ-2 flights) (VP were (VP diverted (NP *-2) (PP-DIR to (NP (NP airports) (PP-LOC in (NP (NP (NP Sacramento and Stockton) , (NP Calif.)) ; (NP (NP (NP Reno) and (NP Las Vegas)) , (NP Nev.)) ; and (NP Los Angeles))))))) .)) (TOP (S (NP-SBJ (NP United Airlines) , (NP (NP the largest carrier) (PP-LOC at (NP San Francisco))) ,) (VP was (VP operating (NP (NP (QP only 50) %) (PP of (NP (NP its scheduled service) (PP in and out (PP of (NP the area)))))) (PP-PRP because of (NP (NP damage) (PP to (NP its terminal)))) , (SBAR (WHNP-1 which) (S (PP in (NP turn)) (NP-SBJ *T*-1) (VP was (VP causing (NP delays) (PP for (NP (NP travelers) (VP headed (PP-DIR to (NP the Bay area))))))))))) .)) (TOP (S (NP-SBJ A United spokesman) (VP said (SBAR 0 (S (NP-SBJ (NP 14) (PP of (NP its 21 gates))) (VP were (ADJP-PRD unusable) , (PP-PRP (ADVP mainly) because of (NP (NP water damage) (VP caused (NP *) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 a sprinkler system) (VP was (VP triggered (NP *-1) (PP by (NP-LGS the tremors)) (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (S (NP-SBJ The United spokesman) (VP said (SBAR 0 (S (NP-SBJ-1 (NP none) (PP of (NP its people))) (VP were (VP injured (NP *-1) (PP-LOC at (NP the airport)))))))) ; (S (PP in (NP fact)) , (SBAR-TMP as (S (NP-SBJ-2 the airport) (VP was (VP being (VP evacuated (NP *-2) (NP-TMP Tuesday night)))))) , (NP-SBJ-3 two babies) (VP were (VP born (NP *-3)))) .)) (TOP (S (S (NP-TMP Yesterday) , (NP-SBJ the United ticket counter) (VP was (ADJP-PRD active) , (PP with (S-NOM (NP-SBJ-1 people) (VP trying (S (NP-SBJ *-1) (VP to (VP get (NP (NP flights) (ADJP out))))))))) ,) but (S (NP-SBJ the airline) (VP said (SBAR 0 (S (NP-SBJ (NP demand) (PP for (NP (NP seats) (PP-LOC into (NP the city))))) (ADVP also) (VP was (ADJP-PRD active) , (PP with (S-NOM (NP-SBJ-2 people) (VP trying (S (NP-SBJ *-2) (VP to (VP get (ADVP-DIR there) (S-PRP (NP-SBJ *-2) (VP to (VP help (NP family and friends))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The airports) (PP-LOC in (NP (NP San Jose) and (NP Oakland)))) (VP were both (ADJP-PRD fully operational) (PP-TMP by (NP noon)) (NP-TMP yesterday))) , (NP-SBJ the Federal Aviation Administration) (VP said (SBAR 0 (S *T*-1)) ) .)) (TOP (S (PP In (NP (NP terms) (PP of (NP diversions)))) , (NP-SBJ (NP Denver 's) Stapleton International) (VP may (VP have (VP experienced (NP (NP the (ADJP most far-flung)) : (S (NP-SBJ-1 (NP A United flight) (PP from (NP Japan))) (VP was (VP rerouted (NP *-1) (ADVP-DIR there)))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ that) (VP 's (NP-PRD (NP-1 (NP the first nonstop commercial passenger flight) (PP from (NP Japan))) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP land (ADVP-LOC here))))))))))) , '' (NP-SBJ an airport spokesman) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ A Japan Air Lines spokesman) (VP said (SBAR 0 (S (S (NP-SBJ-1 (NP its flights) (PP (PP into (NP *RNR*-2)) and (PP out (PP of (NP *RNR*-2))) (NP-2 San Francisco))) (VP were n't (VP affected (NP *-1)))) , but (S (S-NOM-SBJ (NP-SBJ *) (VP getting (NP (NP information) (PP about (NP its operations))))) (VP was (ADJP-PRD difficult)))))) .)) (TOP (S (NP-SBJ-1 (NP Its telecommunications headquarters) (PP-LOC in (NP (NP Burlingame) , (NP Calif.) ,))) (VP had (VP been (VP knocked (NP *-1) (PRT out) (PP-TMP since (NP the quake))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP 're (PP-LOC-PRD in (NP the dark)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-2 Whitbread & Co.) (VP put (NP its spirits division) (ADVP-CLR up (PP for (NP sale))) , (S-ADV (NP-SBJ *-2) (VP triggering (NP (NP a scramble) (PP-LOC among (NP global groups)) (PP for (NP (NP the British company 's) brands)))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 Whitbread) (ADVP-TMP already) (VP has (VP been (VP approached (NP *-1) (PP by (NP-LGS (NP `` (QP about half a dozen) '' companies) (ADJP interested (PP in (S-NOM (NP-SBJ *) (VP buying (NP (NP all or part) (PP of (NP the spirits business))))))))))))) , (NP-SBJ a spokesman) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Analysts) (VP expect (S (NP-SBJ (NP the spirits operations) and (NP (NP some California vineyards) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (ADVP also) (VP are (VP being (VP sold (NP *-1)))))))) (VP to (VP fetch (NP (NP (QP about # 500 million) *U*) (PRN -LRB- (NP (QP $ 788.8 million) *U*) -RRB-)))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Among (NP (NP the brands) (PP for (NP sale)))) (VP are (PP-LOC-PRD *T*-1)) (NP-SBJ (NP (NP Beefeater gin) , (NP (NP the No. 2 imported gin) (PP-LOC in (NP the U.S.))) ,) and (NP Laphroaig single-malt whiskey)) .)) (TOP (SINV (ADVP Also) (PP-PRD-TPC-2 for (NP sale)) (VP are (PP-PRD *T*-2)) (NP-SBJ (NP (NP Buckingham Wile Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP distributes (NP Cutty Sark blended whiskey) (PP-LOC in (NP the U.S.))))) ,) and (NP (NP (NP Whitbread 's) Atlas Peak Vineyards) (PP-LOC in (NP (NP California 's) Napa Valley)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Beefeater) (ADVP alone)) (VP is (ADJP-PRD worth (NP (QP as much as # 300 million) *U*)))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-1)) ) .)) (TOP (S (NP-SBJ Whitbread) (VP bought (NP the Beefeater distillery) (ADVP-TMP (NP two years) ago) (PP-CLR for (NP (QP # 174.5 million) *U*))) .)) (TOP (S (NP-SBJ That purchase) (VP represented (NP (NP an attempt (S *ICH*-1)) (PP by (NP (NP Whitbread) , (NP a venerable British brewer) ,)) (S-1 (NP-SBJ *) (VP to (VP become (NP-PRD (NP a major player) (PP-LOC in (NP the global liquor business)))))))) .)) (TOP (S But (NP-SBJ-1 Whitbread) (VP has (VP been (VP squeezed (NP *-1) (PP by (NP-LGS giant rivals)) (PP-LOC amid (NP (NP widespread consolidation) (PP-LOC in (NP the industry))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ-1 it) (VP wants (S (NP-SBJ *-1) (VP to (VP concentrate (PP-CLR on (NP (NP beer) and (NP its newer hotel and restaurant operations))))))) .)) (TOP (S (PP For (NP rival liquor companies)) , (NP-SBJ the Whitbread auction) (VP is (NP-PRD a rare opportunity (S (NP-SBJ *) (VP to (VP acquire (NP valuable brands)))))) .)) (TOP (SINV `` (S-CLF-TPC-1 (NP-SBJ It) (VP 's not (ADVP-PRD very often) (SBAR (WHADVP-2 0) (S (NP-SBJ (NP something) (PP like (NP this))) (VP comes (PRT up) (ADVP-TMP *T*-2)))))) , '' (VP said (S-CLF *T*-1)) (NP-SBJ (NP Ron Littleboy) , (NP (NP a liquor company analyst) (PP-LOC at (NP (NP Nomura Research Institute) (PP-LOC in (NP London)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 The division) (VP will (VP be (VP sold (NP *-1) (PRT off) (ADVP-MNR quite rapidly))))) , '' (VP predicted (S *T*-2)) (NP-SBJ (NP Neill Junor) , (NP (NP an analyst) (PP-LOC at (NP London brokers County NatWest WoodMac)))) .)) (TOP (S (PP-LOC Among (NP possible buyers)) , (NP-SBJ Grand Metropolitan PLC) (VP might (VP find (S (NP-SBJ Beefeater) (NP-PRD (NP a useful addition) (PP to (NP its portfolio)))))) .)) (TOP (S (S (NP-SBJ Grand Met) (VP owns (NP (NP Bombay gin) , (NP (NP the No. 3 imported gin) (PP-LOC in (NP the U.S.)))))) ; (S (NP-SBJ rival Guinness PLC) (VP has (NP (NP the No. 1 imported brand) , (NP Tanqueray)))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ The Whitbread spirits auction) `` (VP is (NP-PRD an (ADJP extremely interesting) development))) ... and (S (ADVP naturally) (NP-SBJ we) (VP 'll (VP be (VP considering (NP it) (ADVP-MNR carefully)))))) , '' (NP-SBJ a Grand Met spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP Guinness) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP owns (NP (NP several leading whiskey brands) plus (NP (NP (NP Gordon 's) gin) , (NP (NP the world 's) No. 1 gin)))))) ,) (VP is (VP considered (S (NP-SBJ-3 *-1) (ADJP-PRD less likely (S (NP-SBJ *-3) (VP to (VP bid (PP-CLR for (NP the Whitbread spirits))))))))) .)) (TOP (S (NP-SBJ-1 A Guinness spokesman) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ (NP Two other global liquor giants) , (NP (NP (NP Canada 's) Seagram Co.) and (NP (NP Britain 's) Allied-Lyons PLC)) ,) (ADVP also) (VP are (NP-PRD possible buyers)) .)) (TOP (S (S (NP-SBJ (NP Seagram 's) gin) (VP is (NP-PRD (NP the world 's) No. 2 gin brand))) , but (S (NP-SBJ the company) (VP does n't (VP own (NP (NP any) (PP of (NP (NP the major gin brands) (VP imported (NP *) (PP-LOC in (NP the U.S))))))))) .)) (TOP (S (NP-SBJ-1 Allied-Lyons) , (SBAR-ADV while (S (NP-SBJ *-1) (ADJP-PRD powerful) (PP-LOC in (NP whiskey)))) , (VP does n't (VP own (NP any major white-spirit brands))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 We) (VP will (ADVP certainly) (VP have (S (NP-SBJ *-2) (VP to (VP take (NP (NP a look) (PP at '' (NP the Whitbread spirits business))))))))) , (NP-SBJ an Allied-Lyons spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (NP-SBJ-1 We) (VP would (ADVP certainly) (VP like (S (NP-SBJ *-1) (VP to (VP have (NP a major white-spirits brand) (PP-LOC-CLR in (NP our portfolio))))))) . '')) (TOP (S (NP-SBJ (NP A Seagram spokesman) (PP-LOC in (NP New York))) (VP would n't (VP comment)) .)) (TOP (S (NP-SBJ-1 (NP Smaller liquor companies) , (PP such as (NP (NP (NP Brown-Forman Corp.) and (NP American Brands Inc.)) (PP of (NP the U.S.)))) ,) (ADVP also) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD interested)))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 Such companies) `` (VP are (ADVP increasingly) (VP being (VP left (NP *-1) (ADVP-LOC-CLR behind) '' (PP-LOC in (NP the global liquor business)))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Nomura 's) Mr. Littleboy) .)) (TOP (S (PP-LOC In (NP New York)) , (NP-SBJ (NP a spokesman) (PP for (NP American Brands))) (VP would n't (VP comment)) .)) (TOP (S (NP-SBJ-1 (NP Brown-Forman) , (NP a (NAC-LOC Louisville , Ky.) distiller) ,) (ADVP also) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ (NP Whitbread 's) (UCP wine , spirits and soft-drink) operations) (VP had (NP (NP trading profit) (PP of (NP (QP # 35.4 million) *U*)) (PP on (NP (NP sales) (PP of (NP (QP # 315.5 million) *U*))))) (PP-TMP in (NP (NP the year) (VP ended (NP-TMP Feb. 25))))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP retaining (NP (NP (NP most) (PP of (NP its wine (NX *RNR*-2)))) and (NP (NP all) (PP of (NP its soft-drink (NX *RNR*-2)))) (NX-2 interests)))))) ,) (VP did n't (VP break (PRT out) (NP (NP results) (PP for (NP (NP the businesses) (SBAR (WHNP-3 0) (S (NP-SBJ-4 it) (VP plans (S (NP-SBJ *-4) (VP to (VP sell (NP *T*-3)))))))))))) .)) (TOP (S But (NP-SBJ analysts) (VP estimate (NP their trading profit) (PP-CLR at (NP (QP # 30 million) *U*))) .)) (TOP (S (NP-SBJ Whitbread) (VP had (NP (NP total pretax profit) (PP-TMP in (NP (NP the year) (VP ended (NP-TMP Feb. 25)))) (PP of (NP (QP # 223.2 million) *U*)) , (PP on (NP (NP sales) (PP of (NP (QP # 2.26 billion) *U*)))))) .)) (TOP (S (NP-SBJ (NP Whitbread 's) spirits auction) (VP occurs (PP-LOC amid (NP (NP a parallel shakeup) (PP-LOC in (NP the British beer industry))))) .)) (TOP (S (NP-TMP Earlier this year) , (NP-SBJ the government) (VP announced (NP plans (S (NP-SBJ *) (VP to (VP foster (NP (NP increased competition) (PP-LOC in (NP the industry)))))))) .)) (TOP (S (NP-SBJ British brewers) (ADVP-TMP currently) (VP own (NP (NP thousands) (PP of (NP (NP pubs) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (PP in (NP turn)) (VP sell (ADVP only) (NP (NP the breweries ') beer and soft drinks)))))))) .)) (TOP (S (PP-LOC Under (NP new rules)) , (NP-SBJ (NP many) (PP of (NP (NP the country 's) pubs))) (VP would (VP become `` (NP-PRD-1 free houses) , '' (S-ADV (NP-SBJ *-1) (VP selling (NP (NP beers) (PP of (NP their choice))))))) .)) (TOP (S (NP-SBJ-1 Whitbread) (ADVP-TMP now) (VP intends (S (NP-SBJ *-1) (VP to (VP bolster (NP its brewing interests)))) , (PP-LOC in (NP an effort (S (NP-SBJ *) (VP to (VP grab (NP (NP a share) (PP of (NP (NP sales) (PP to (NP free houses))))))))))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (NP-TMP last month) (VP paid (NP (QP # 50.7 million) *U*) (PP-CLR for (NP regional British brewer Boddington Group PLC))))) ,) (VP has (NP (NP (QP about 13) %) (PP of (NP the British beer market)))) .)) (TOP (S (NP-SBJ Whitbread) (ADVP also) (VP owns (NP the license (S (NP-SBJ *) (VP to (VP brew and distribute (NP (NP Heineken) and (NP Stella Artois beers)) (PP-LOC in (NP Britain))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 Whitbread) (VP intends (S (NP-SBJ *-1) (VP to (VP focus (PP-CLR on (NP (NP its newer hotel , liquor store and restaurant businesses) (PP-LOC in (NP (NP Europe) and (NP North America))))))))) .)) (TOP (S (PP-LOC In (NP Britain)) , (NP-SBJ those interests) (VP include (NP (NP the Beefeater steakhouse chain) and (NP (NP joint ownership) (PP with (NP PepsiCo Inc.)) (PP of (NP (NP the country 's) Pizza Hut chain))))) .)) (TOP (S (PP-LOC In (NP (NP Canada) and (NP the U.S.))) , (NP-SBJ Whitbread) (VP owns (NP (NP The Keg chain) (PP of (NP steak and seafood restaurants)))) .)) (TOP (S (S-TPC-1 (S-NOM-SBJ (NP-SBJ *) (VP Focusing (PP-CLR on (NP beer , restaurants and hotels)))) (VP means (SBAR 0 `` (S (NP-SBJ we) (VP can (VP concentrate (NP our skills and resources) (ADVP-MNR more effectively))))))) , '' (NP-SBJ (NP Peter Jarvis) , (NP (NP Whitbread 's) managing director) ,) (VP said (SBAR 0 (S *T*-1)) (PP-LOC in (NP a statement))) .)) (TOP (S (NP-SBJ The spirits business) `` (VP would (VP require (NP substantial additional investment) (S-PRP (NP-SBJ *) (VP to (VP enable (S (NP-SBJ it) (VP to (VP compete (ADVP-MNR effectively) (PP-LOC in (NP (NP the first division) (PP of (NP global players)))))))))))) . '')) (TOP (S (NP-SBJ Whitbread) (ADVP also) (VP announced (SBAR that (S (NP-SBJ (NP Mr. Jarvis) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (NP-PRD 48)))) ,) (VP will (VP become (NP-PRD (NP the company 's) chief executive) (NP-TMP March 1)))))) .)) (TOP (S (PP-TMP At (NP that time)) (NP-SBJ (NP Sam Whitbread) , (NP (NP (NP the company 's) chairman) and (NP (NP a descendant) (PP of (NP its 18th-century founder)))) ,) (VP will (VP retire (PP-CLR from (NP executive duties)))) .)) (TOP (S (NP-SBJ He) (VP will (VP retain (NP (NP the honorary title) (PP of (NP non-executive chairman))))) .)) (TOP (S (NP-SBJ-1 The Treasury) (VP plans (S (NP-SBJ *-1) (VP to (VP raise (NP (NP (QP $ 700 million) *U*) (PP in (NP new cash))) (PP-MNR with (NP (NP the sale) (NP-TMP Tuesday) (PP of (NP (NP (QP about $ 10 billion) *U*) (PP in (NP two-year notes)))) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP redeem (NP (NP (QP $ 9.29 billion) *U*) (PP in (NP maturing notes))) (ADVP-MNR *T*-3))))))))))) .)) (TOP (S (NP-SBJ-1 The offering) (VP will (VP (VP be (VP dated (S (NP-SBJ *-1) (NP-PRD Oct. 31)))) and (VP mature (NP-TMP Oct. 31)))) ,)) (TOP (S (NP-SBJ-1 (NP Tenders) (PP for (NP the notes)) , (ADJP available (PP in (NP (ADJP (QP minimum $ 5,000) *U*) denominations))) ,) (VP must (VP be (VP received (NP *-1) (PP-TMP by (NP 1 p.m. EDT)) (NP-TMP Tuesday) (PP-LOC (PP at (NP the Treasury)) or (PP at (NP Federal Reserve banks or branches)))))) .)) (TOP (S (NP-SBJ (NP NEWHALL LAND & FARMING Co.) , (NP-LOC (NP Valencia) , (NP Calif.)) ,) (VP (VP announced (NP (NP a 2-for-1 split) (PP-LOC in (NP (NP the real estate limited partnership 's) units)))) and (VP increased (NP its regular quarterly cash distribution) (NP-EXT 33 %) , (PP-DIR to (NP (NP 40 cents) (NP-ADV a unit))))) .)) (TOP (S (NP-SBJ The real estate limited partnership) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP pay (NP (NP a special year-end cash distribution) (PP of (NP (NP 10 cents) (NP-ADV a unit))))))))) .)) (TOP (S (NP-SBJ Both distributions) (VP are (ADJP-PRD payable (NP-TMP Dec. 4) (PP to (NP (NP limited partners) (PP of (NP record)) (NP-TMP Nov. 3))))) .)) (TOP (S (NP-SBJ Mellon Bank Corp.) (VP said (SBAR 0 (S (NP-SBJ directors) (VP authorized (NP (NP the buy-back) (PP of (NP (QP as many as 250,000) common shares))))))) .)) (TOP (S (NP-SBJ The bank holding company) (VP said (SBAR 0 (S (NP-SBJ-1 (NP stock) (VP repurchased (NP *))) (VP will (VP be (VP used (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP meet (NP (NP requirements) (PP for (NP (NP the company 's) benefit plans)))))))))))) .)) (TOP (S (NP-SBJ Mellon) (VP has (NP (NP (QP 36.6 million) shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ (NP Champion International Corp. 's) third-quarter profit) (VP dropped (NP-EXT 17 %) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP (NP price declines) (PP for (NP certain paper products))) , (NP (NP operating problems) (PP-LOC at (NP certain mills))) , and (NP other factors))))) .)) (TOP (S (NP-SBJ The paper producer) (VP reported (SBAR 0 (S (NP-SBJ that net income) (VP fell (PP-DIR to (NP (NP (QP $ 102.1 million) *U*) , or (NP (NP $ 1.09 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 122.4 million) *U*) , or (NP (NP $ 1.29 *U*) (NP-ADV a share)) ,) (PP-TMP in (NP the year-earlier period))))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 2.6 %) (PP-DIR to (NP (QP $ 1.32 billion) *U*)) (PP-DIR from (NP (QP $ 1.29 billion) *U*))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ (NP Champion 's) shares) (VP rose (NP-EXT 25 cents) (PP-DIR to (NP $ 32.125 *U*))) .)) (TOP (S (NP-SBJ Digital Equipment Corp.) (VP is (VP planning (NP (NP a big coming-out party) (PP-TMP on (NP Tuesday)) (PP for (NP (NP its first line) (PP of (NP mainframe computers))))))) .)) (TOP (S But (NP-SBJ-1 an uninvited guest) (VP is (VP expected (S (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP crash (NP the party))))))))) .)) (TOP (NP (S (PP-TMP On (NP (NP the morning) (PP of (NP the long-planned announcement)))) , (NP-SBJ-1 International Business Machines Corp.) (VP is (S (NP-SBJ *-1) (VP to (VP introduce (NP its own new mainframe))))) .))) (TOP (SINV `` (S-TPC-2 (NP-SBJ Their attitude) (VP is , ` (S-PRD (S (NP-SBJ-1 You) (VP want (S (NP-SBJ *-1) (VP to (VP talk (NP mainframes)))))) , (S (NP-SBJ we) (VP 'll (VP talk (NP mainframes)))) ,) ')) '' (VP says (S *T*-2)) (NP-SBJ one computer industry executive) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 They) (VP 're (VP (ADVP deliberately) trying (S (NP-SBJ *-1) (VP to (VP steal (NP our thunder))))))) , '' (NP-SBJ a Digital executive) (VP complains (S *T*-2)) .)) (TOP (S `` (ADVP Maybe) (NP-SBJ we) (VP should (VP take (NP it) (PP-CLR as (NP a compliment)))) . '')) (TOP (S (NP-SBJ (NP Digital 's) target) (VP is (NP-PRD (NP the (ADJP (QP $ 40 billion) *U*) market) (PP for (NP (NP mainframe computers) , (NP (NP the closet-sized number-crunchers) (SBAR (WHNP-1 that) (S (NP-SBJ-2 nearly every big company) (VP needs (NP *T*-1) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP run (NP its business)))))))))))) .)) (TOP (S (NP-SBJ (NP IBM) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Armonk) , (NP N.Y.)))) ,) (VP has (VP dominated (NP the market) (PP-TMP for (NP decades)))) .)) (TOP (S (NP-SBJ That) (VP does n't (VP scare (NP (NP Digital) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP has (VP grown (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP the world 's) second-largest computer maker)))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP poaching (NP (NP customers) (PP of (NP (NP IBM 's) mid-range machines))))))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Digital) , (VP based (NP *) (PP in (NP (NP Maynard) , (NP Mass.) ,)))) (VP hopes (S (NP-SBJ *-1) (VP to (VP stage (NP (NP a repeat performance) (PP-LOC in (NP mainframes)))))))) , and (S (NP-SBJ-2 it) (VP has (VP spent (NP (QP almost $ 1 billion) *U*) (S-CLR (NP-SBJ *-2) (VP developing (NP the new technology)))))) .)) (TOP (S (NP-SBJ (NP A spoiler) , (NP (NP nimble Tandem Computers Inc.) (PP-LOC in (NP (NP Cupertino) , (NP Calif.) ,)))) (VP jumped (PP-DIR into (NP the fray)) (NP-TMP earlier this week) (PP with (NP an (ADJP aggressively priced) entry))) .)) (TOP (S (NP-SBJ IBM) (VP appears (ADJP-PRD more worried (PP about (NP (NP Digital) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP a broad base) (PP of (NP (NP customers) (VP waiting (PP-CLR for (NP (NP the new line) , (VP dubbed (S (NP-SBJ *) (NP-PRD the VAX 9000)))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 It) (VP 's (VP going (S (NP-SBJ *-2) (VP to (VP be (NP-PRD nuclear war))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Thomas Willmott) , (NP (NP a consultant) (PP with (NP Aberdeen Group Inc)))) .)) (TOP (S (NP-SBJ-1 (NP The surge) (PP-LOC in (NP competition))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP stir (NP new life) (PP-LOC-CLR into (NP (NP the huge mainframe market) , (SBAR (WHADVP-2 where) (S (NP-SBJ growth) (VP has (VP slowed (PP-CLR to (NP single digits)) (PP-TMP in (NP recent years)) (ADVP-LOC *T*-2)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP IBM 's) traditional mainframe rivals) , (PP including (NP (NP Unisys Corp.) , (NP Control Data Corp.) and (NP NCR Corp.))) ,) (VP have (VP struggled (ADVP-TMP recently))) .)) (TOP (S (NP-SBJ Digital) (VP is (VP promising (NP a new approach))) .)) (TOP (S (NP-SBJ (NP Robert M. Glorioso) , (NP (NP (NP Digital 's) vice president) (PP for (NP high performance systems))) ,) (VP says (SBAR 0 (S (NP-SBJ-1 (NP Digital 's) mainframe) (VP is (VP designed (NP *-1) (PP-CLR not (PP as (NP (NP a central computer) (SBAR (WHPP-2 around (WHNP which)) (S (NP-SBJ everything) (VP revolves (PP-LOC-CLR *T*-2)))))) , but (PP as (NP (NP part) (PP of (NP (NP a decentralized network) (VP weaving (ADVP-CLR together) (NP (NP hundreds) (PP of (NP (NP workstations) , (NP personal computers) , (NP printers) and (NP other devices))))))))))))))) .)) (TOP (S And (PP unlike (NP (NP IBM 's) water-cooled mainframes)) , (NP-SBJ it) (VP does n't (VP need (NP any plumbing))) .)) (TOP (S (NP-SBJ The challengers) (VP will (VP have (NP a big price advantage))) .)) (TOP (S (NP-SBJ-1 Digital) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP tag (NP its new line) (PP-CLR (PP from (NP (QP about $ 1.24 million) *U*)) (PP to (NP (QP $ 4.4 million) *U* (QP and up)))) , (S-ADV (NP-SBJ *) (VP depending (PP-CLR on (NP configuration))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP (QP about half) the price) (PP of (NP (ADJP comparably equipped) IBM mainframes)))) .)) (TOP (S (NP-SBJ (NP Tandem 's) pricing) (VP is (ADJP-PRD (ADVP just as) aggressive)) .)) (TOP (S (NP-SBJ The heightened competition) (VP will (VP hit (NP IBM) (PP-TMP at (NP a difficult time)))) .)) (TOP (S (NP-SBJ-2 (NP (NP The computer giant 's) current mainframe line) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP has (VP sold (ADVP-MNR well))) and (VP has (NP huge profit margins))))) ,) (VP is (VP starting (S (NP-SBJ *-2) (VP to (VP show (NP its age)))))) .)) (TOP (S (NP-SBJ (NP The new 3090s) (ADJP due (NP-TMP next week))) (VP will (VP boost (NP performance) (PP-EXT by (NP (QP only about 8 % to 10 %) *U*)))) .)) (TOP (S And (NP-SBJ-1 IBM) (VP is n't (VP expected (S (NP-SBJ *-1) (VP to (VP deliver (NP (NP a new generation) (PP of (NP mainframes))) (PP-TMP until (NP 1991))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ no one) (VP expects (S (NP-SBJ (NP IBM 's) rivals) (VP to (VP deliver (NP a knockout))))) .)) (TOP (S (NP-SBJ IBM) (VP has (NP (NP a near-monopoly) (PP-LOC on (NP mainframes))) , (PP with (NP (NP an (ADJP (QP estimated 70) %) share) (PP of (NP the market))))) .)) (TOP (S (NP-SBJ IBM) (VP (VP is (NP-PRD (NP (NP (QP five times) the size) (PP of (NP Digital))) (PRN -- and (NP (NP (QP 40 times) the size) (PP of (NP Tandem))) --))) and (VP wields (NP enormous market power))) .)) (TOP (S (NP-SBJ It) (VP counts (PP-LOC among (NP its customers)) (NP (NP a majority) (PP of (NP (NP (NP the world 's) largest corporations) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP entrust (NP their (ADJP most critical) business information) (PP-CLR to (NP IBM computers))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 We) (VP 're not (VP going (S (NP-SBJ *-1) (VP to (VP (VP walk (ADVP-DIR in)) and (VP replace (NP (NP a company 's) corporate accounting system)) (SBAR-ADV if (S (NP-SBJ it) (VP 's (ADVP already) (VP running (PP-LOC on (NP an IBM mainframe)))))))))))) , '' (VP concedes (S *T*-2)) (NP-SBJ (NP Kenneth H. Olsen) , (NP (NP Digital 's) president)) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ Digital) (VP will (VP target (NP (NP faster-growing market segments) (PP such as (NP (NP on-line transaction processing) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP (NP retail-sales tracking) , (NP airline reservations) and (NP bank-teller networks))))))))))))) .)) (TOP (S (NP-SBJ (NP Tandem) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP already) (VP specializes (PP-CLR in (NP on-line transaction processing))))) ,) (VP is (NP-PRD a potent competitor) (PP-LOC in (NP that market))) .)) (TOP (S (NP-SBJ (NP A key marketing target) (PP for (NP Digital))) (VP will (VP be (NP-PRD (NP the large number) (PP of (NP (NP big customers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP already) (VP own (NP both Digital and IBM systems))))))))) .)) (TOP (S (NP-SBJ One such company) (VP is (NP-PRD Bankers Trust Co)) .)) (TOP (S (NP-SBJ (NP Stanley Rose) , (NP (NP (NP a vice president) , (NP (ADJP technological and strategic) planning)) (PP-LOC at (NP Bankers Trust))) ,) (VP says (SBAR that (S (PP despite (NP (NP Digital 's) low prices)) , `` (NP-SBJ-1 we) (VP are n't (VP about (S (NP-SBJ *-1) (VP to (VP unplug (NP our IBM mainframes) (PP for (NP a DEC machine)))))))))) .)) (TOP (S (NP-SBJ The software conversion costs) (VP would (VP dwarf (NP any savings))) . '')) (TOP (S But (NP-SBJ Mr. Rose) (VP is (ADVP still) (VP looking (ADVP-MNR seriously) (PP-CLR at (NP the 9000)))) .)) (TOP (S (S-TPC-3 (NP-SBJ-2 Bankers Trust) (VP uses (NP (NP Digital 's) VAX) (S-CLR (NP-SBJ *-2) (VP to (VP run (NP its huge (UCP money-transfer and capital markets) accounts)))) , (S-ADV (NP-SBJ *-2) (VP juggling (NP (NP hundreds) (PP of (NP (NP billions) (PP of (NP dollars))))) (NP-TMP each day))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-3))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ that system) (VP grows))) , (NP-SBJ-1 larger computers) (VP may (VP be (VP needed (NP *-1)))) .)) (TOP (S `` (PP-TMP In (NP the past)) , (NP-SBJ-1 customers) (VP had (S (NP-SBJ *-1) (VP to (VP go (PP-DIR to (NP IBM)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ they) (VP outgrew (NP the VAX) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (S-TPC-2 (ADVP-TMP Now) (NP-SBJ-1 they) (VP do n't (VP have (S (NP-SBJ *-1) (VP to (VP *?*)))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S `` (NP-SBJ-1 That) (VP 's (VP going (S (NP-SBJ *-1) (VP to (VP cost (NP IBM) (NP revenue)))))) . '')) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ Digital) (VP can (VP expect (S (NP-SBJ (NP this pent-up demand) (PP for (NP the new VAX))) (VP to (VP fuel (NP strong sales) (NP-TMP next year))))))))) .)) (TOP (S (NP-SBJ (NP Barry F. Willman) , (NP (NP an analyst) (PP-LOC at (NP Sanford C. Bernstein & Co.))) ,) (VP estimates (SBAR 0 (S (NP-SBJ the 9000) (VP could (VP boost (NP sales) (PP-EXT by (NP (QP more than $ 1 billion) *U*)) (PP-TMP in (NP (NP the fiscal year) (VP beginning (PP-TMP in (NP July)))))))))) .)) (TOP (S (NP-SBJ He) (VP bases (NP the estimate) (PP-CLR on (NP (NP a survey) (PP of (NP (NP hundreds) (PP of (NP (NP Digital 's) largest customers))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Digital) (VP will (VP announce (NP (NP a full family) (PP of (NP mainframes))) (NP-TMP next week))))) , (NP-SBJ-1 it) (VP is n't (VP expected (S (NP-SBJ-2 *-1) (VP to (VP begin (S (NP-SBJ *-2) (VP shipping (PP-MNR in (NP volume)))) (PP-TMP until (NP next year))))))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ (NP The first model) (ADJP available)) (VP will (VP be (NP-PRD (NP the 210) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP appeal (PP-CLR to (NP (NP many (ADJP technical and scientific) buyers) (VP interested (NP *) (PP-CLR in (NP the optional super-charger , or vector processor)))))))))))))))) , (VP says (SBAR 0 (S *T*-3)) ) (NP-SBJ (NP Terry Shannon) (PP of (NP (NP International Data Corp.) , (NP a market research concern)))) .)) (TOP (S (NP-SBJ-1 (NP Four more models) , (VP aimed (NP *) (ADVP squarely) (PP-CLR at (NP (NP IBM 's) commercial customers))) ,) (VP are (VP expected (S (NP-SBJ-2 *-1) (VP to (VP begin (S (NP-SBJ *-2) (VP shipping)) (PP-TMP in (NP late June))))))) .)) (TOP (S (NP-SBJ Most analysts) (VP do n't (VP expect (S (NP-SBJ-2 the new mainframes) (VP to (VP begin (S (NP-SBJ *-2) (VP contributing (ADVP-MNR significantly) (PP-CLR to (NP revenue)))) (PP-TMP before (NP (NP the fiscal first quarter) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP begins (NP-TMP next July 1))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Digital 's) new line) (VP has (VP been (NP-TMP-PRD a long time) (S-CLR (NP-SBJ *-1) (VP coming)))) .)) (TOP (S (NP-SBJ-1 The company) (VP has (VP (VP (ADVP-TMP long) struggled (S (NP-SBJ *-1) (VP to (VP deliver (NP a strong mainframe-class product))))) , and (VP made (NP (NP a costly decision (S *ICH*-2)) (PP-TMP in (NP 1988)) (S-2 (NP-SBJ *) (VP to (VP halt (NP (NP development) (PP of (NP (NP an interim product) (VP meant (S (NP-SBJ *) (VP to (VP stem (NP (NP the revenue losses) (PP-LOC at (NP the high end))))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Digital 's) failure (S (NP-SBJ *) (VP to (VP deliver (NP a true mainframe-class machine) (PP-TMP before (NP now)))))) (VP may (VP have (VP cost (NP the company) (NP (NP (QP as much as $ 1 billion) *U*) (PP in (NP revenue))) (PP-TMP in (NP fiscal 1989)))))) , (NP-SBJ Mr. Willman) (VP says (SBAR 0 (S *T*-1)) ) .)) (TOP (S (NP-SBJ IBM) (VP will (VP face (NP (ADJP still more) competition) (PP-TMP in (NP coming months)))) .)) (TOP (S (NP-SBJ (NP Amdahl Corp.) , (VP backed (NP *) (PP by (NP-LGS (NP Japan 's) Fujitsu Ltd.))) ,) (VP has (NP (NP a growing share) (PP of (NP the market))) (PP with (NP its low-priced , IBM-compatible machines))) .)) (TOP (S And (NP-SBJ-1 (NP National Advanced Systems) , (NP (NP a joint venture) (PP of (NP (NP (NP Japan 's) Hitachi Ltd.) and (NP (NP General Motors Corp. 's) Electronic Data Systems)))) ,) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP unveil (NP (NP a line) (PP of (NP powerful IBM-compatible mainframes))) (NP-TMP later this year)))))) .)) (TOP (NP-HLN NOTE :)) (TOP (S (S (NP-SBJ-1 NAS) (VP is (NP-PRD-2 National Advanced Systems))) , (S (NP-SBJ=1 CDC) -- (NP-PRD=2 (NP Control Data Corp.) , (X Bull NH Information Systems Inc))) .)) (TOP (FRAG (NP Source) : (NP International Data Corp) .)) (TOP (VP Compiled (NP *) (PP by (NP-LGS Publishers Weekly)) (PP-CLR from (NP (NP data) (PP from (NP (NP (NP large-city bookstores) , (NP bookstore chains) and (NP local bestseller lists)) (PP-LOC across (NP the U.S)))))) .)) (TOP (NP (NP Copyright) (NP-TMP 1989) (PP by (NP Reed Publishing USA)) .)) (TOP (S (S (NP-SBJ The frenetic stock and bond markets) (VP cooled (ADVP-CLR off))) , but (S (NP-SBJ the dollar) (VP slumped)) .)) (TOP (S (NP-SBJ Stocks) (VP rose (ADVP slightly) (SBAR-TMP as (S (NP-SBJ trading activity) (VP slowed (PP-CLR from (NP (NP the frenzied pace) (NP-TMP earlier this week))))))) .)) (TOP (S (NP-SBJ-1 (NP Prices) (PP of (NP long-term Treasury bonds))) (VP hovered (PP-LOC in (NP a narrow band)) (NP-TMP (NP most) (PP of (NP the day))) , (S-ADV (NP-SBJ-2 *-1) (VP finishing (S-ADV (NP-SBJ *-2) (ADJP-PRD little changed)) (PP despite (NP (NP (NP the dollar 's) weakness) and (NP (NP fears) (PP about (S-NOM (NP-SBJ (NP a wave) (PP of (NP government borrowing))) (VP coming (ADVP-TMP soon)))))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Helped (NP *-2) (PP by (NP-LGS futures-related program buying)))) , (NP-SBJ-1 the Dow Jones Industrial Average) (VP gained (NP 4.92 points) (S-ADV (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP 2643.65)))))) .)) (TOP (S But (NP-SBJ the Dow Jones Transportation Average) (VP fell (PP for (NP the seventh-consecutive session)) (SBAR-TMP as (S (NP-SBJ more investors) (VP dumped (NP UAL shares))))) .)) (TOP (S (NP-SBJ Bond prices) (VP rallied (NP-TMP early yesterday morning) (SBAR-TMP as (S (NP-SBJ-1 traders) (VP scrambled (S-CLR (NP-SBJ *-1) (VP to (VP buy (NP Treasury issues)))) (PP on (NP fears (SBAR that (S (NP-SBJ the Northern California earthquake) (VP might (VP lead (PP-DIR to (NP a stock-market debacle)))))))))))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 stocks) (VP held (S-ADV (NP-SBJ *-2) (ADJP-PRD steady)) (ADVP-TMP *T*-1)))) , (NP-SBJ Treasury bonds) (ADVP-TMP later) (VP retreated) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Speculation (SBAR that (S (NP-SBJ the Federal Reserve) (VP will (VP lower (NP interest rates) (PP-TMP in (NP coming weeks))))))) (VP helped (VP push (NP the dollar) (ADVP-DIR down) (SBAR-TMP while (S (NP-SBJ *-1) (VP boosting (NP stocks))))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S But (NP-SBJ many investors) (VP remain (ADJP-PRD wary (PP about (NP stocks))) , (SBAR-PRP (ADVP partly) because (S (NP-SBJ they) (VP expect (NP (NP continued turbulence) (PP-LOC in (NP the junk-bond market)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP make (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD more difficult) (S-1 (NP-SBJ *) (VP to (VP finance (NP corporate takeovers)))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP 'm (ADJP-PRD surprised (SBAR 0 (S (NP-SBJ we) (VP did n't (VP see (NP more volatility) '' (PP-LOC in (NP stocks))))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Raymond F. DeVoe Jr.) , (NP (NP market strategist) (PP-LOC at (NP Legg Mason Wood Walker)))) .)) (TOP (S `` (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ (NP the problems) (PP-LOC in (NP the junk-bond area))) (VP are (ADVP just) (VP beginning)))))) , and (S (NP-SBJ this) (VP will (VP be (ADJP-PRD very unsettling) (PP for (NP (NP companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP issued (NP junk bonds)))))))))) .)) (TOP (S (S-TPC-1 (PP-LOC In (NP a bull market)) , (NP-SBJ credit) (VP does not (VP matter))) , '' (NP-SBJ Mr. DeVoe) (VP added (S *T*-1) ) .)) (TOP (S `` But (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ it) (VP does (VP matter (ADVP-TMP *T*-2))))) , then (NP-SBJ it) (VP 's (NP-PRD (NP the only thing) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP matters))))) . '')) (TOP (SINV (S-TPC-1 (ADVP However) , (NP-SBJ many institutional investors) (VP are (VP reacting (PP-CLR to (NP (NP the stock market 's) plunge)) (PP-CLR as `` (NP a great buying opportunity))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Charles I. Clough) , (NP (NP chief investment strategist) (PP-LOC at (NP Merrill Lynch Capital Markets)))) .)) (TOP (S `` (NP-SBJ-1 Things) (VP are (VP beginning (S (NP-SBJ *-1) (VP to (VP settle (ADVP-CLR down)))))) .)) (TOP (S (NP-SBJ The markets) (VP are (VP returning (PP-DIR to (NP normalcy)))) . '')) (TOP (S (NP-SBJ Oil prices) (ADVP-TMP initially) (VP rose (PP on (NP fears (SBAR that (S (NP-SBJ (NP the massive earthquake) (PP-LOC in (NP Northern California))) (VP would (VP disrupt (NP production)))))))) .)) (TOP (S But (NP-SBJ-1 prices) (ADVP-TMP later) (VP reversed (NP course) , (S-ADV (NP-SBJ-2 *-1) (VP finishing (S-ADV (NP-SBJ *-2) (ADJP-PRD slightly lower)))) , (SBAR-TMP as (S (NP-SBJ investors) (VP concluded (SBAR (SBAR that (S (NP-SBJ any cuts) (VP would n't (VP be (ADJP-PRD large))))) and (SBAR that (S (NP-SBJ foreign oil producers) (VP would (VP (ADVP-MNR quickly) pick (PRT up) (NP the slack)))))))))) .)) (TOP (PP-LOC In (NP major market activity) :)) (TOP (S (NP-SBJ Stock prices) (VP rose) .)) (TOP (S (NP-SBJ New York Stock Exchange volume) (VP shrank (PP-DIR to (NP (QP 166.9 million) shares)) (PP-DIR from (NP (QP 224.1 million)) (NP-TMP Tuesday))) .)) (TOP (S (NP-SBJ Advancers) (PP-LOC on (NP the Big Board)) (VP outpaced (NP decliners) (PP-EXT by (ADVP 822 to 668))) .)) (TOP (S (NP-SBJ Bond prices) (VP were (ADJP-PRD little changed) (PP in (NP sluggish activity))) .)) (TOP (S (NP-SBJ (NP The yield) (PP-LOC on (NP (NP the Treasury 's) 30-year issue))) (VP fell (ADVP slightly) (PP-DIR to (NP 8.03 %))) .)) (TOP (S (NP-SBJ The dollar) (VP dropped) .)) (TOP (S (PP-LOC In (NP New York)) (NP-TMP late yesterday) , (NP-SBJ the currency) (VP was (PP-LOC-PRD at (NP (NP 141.45 yen) and (NP 1.8485 marks))) , (ADVP down (PP from (NP (NP 142.75 yen) and (NP 1.8667 marks)) (NP-TMP late Tuesday)))) .)) (TOP (S (NP-SBJ-2 (NP James L. Madson) , (ADJP (NP 46 years) old) ,) (VP was (VP named (S (NP-SBJ *-2) (NP-PRD (NP (NP a vice president) and (NP assistant general manager)) (PP of (NP (NP this producer) (PP of (NP (NP copper) and (NP other minerals))))))))) .)) (TOP (S (NP-SBJ He) (VP will (VP succeed (NP Arthur E. Himebaugh) (PP-CLR as (NP general manager)) (NP-TMP (NP Feb. 1) , (SBAR (WHADVP-1 when) (S (NP-SBJ Mr. Himebaugh) (VP retires (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ AMR Corp.) (VP (VP posted (NP (NP an (ADJP 8.8 %) drop) (PP-LOC in (NP third-quarter net income)))) and (VP said (SBAR 0 (S (NP-SBJ the fourth quarter) (VP will (VP be `` (ADJP-PRD disappointing) '' (ADVP as well) , (PP-PRP (ADVP primarily) because of (NP (NP slimmer profit margins) and (NP increased fuel costs))))))))) .)) (TOP (S (NP-SBJ (NP AMR 's) earnings decline) (VP comes (SBAR-TMP (NP a year) after (S (NP-SBJ (NP (NP the parent company) (PP of (NP American Airlines))) and (NP (NP the rest) (PP of (NP the airline industry)))) (VP set (NP profit records))))) .)) (TOP (S (NP-SBJ Some analysts) (VP say (SBAR 0 (S (NP-SBJ the latest results) (ADVP only) (VP seem (ADJP-PRD pale) (PP by (NP (NP comparison) (PP with (NP (NP a spectacular second half) (PP of (NP 1988)))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP AMR 's) stumble) (VP does n't (VP bode (ADVP-CLR well) (PP for (NP (NP the rest) (PP of (NP the industry)))))) .)) (TOP (S (S (NP-SBJ-1 The (NAC-LOC Fort Worth , Texas ,) company) (VP is (ADVP generally) (VP regarded (NP *-1) (PP-CLR as (NP (NP one) (PP of (NP (NP the best-run) (PP-LOC in (NP the business))))))))) , and (S (NP-SBJ-2 its difficulties) (VP are (ADJP-PRD likely (S (NP-SBJ-3 *-2) (VP to (VP be (VP reflected (NP *-3) (ADVP industrywide) (SBAR-TMP as (S (NP-SBJ other major carriers) (VP report (NP third-quarter results) (PP-TMP over (NP the next several days)))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP (NP the company 's) board) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP said (NP nothing) (ADVP-MNR publicly) (PP about (NP (NP (NP investor Donald Trump 's) (ADJP recently withdrawn) (ADJP (QP $ 7.5 billion) *U*) offer) (PP for (NP AMR)))))))) ,) (VP issued (NP (NP a statement) (VP (VP condemning (NP `` (ADJP ill-conceived and reckless) '' bids)) and (VP saying (SBAR 0 (S (NP-SBJ it) (VP was (ADJP-PRD `` pleased '' (SBAR that (S (NP-SBJ Mr. Trump) (VP had (VP backed (PRT out))))))))))))) .)) (TOP (S-1 (PP-TMP In (NP the third quarter)) (PRN , (S (NP-SBJ AMR) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ net) (VP fell (PP-DIR to (NP (NP (QP $ 137 million) *U*) , or (NP (NP $ 2.16 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 150.3 million) *U*) , or (NP (NP $ 2.50 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 17 %) (PP-DIR to (NP (QP $ 2.73 billion) *U*)) (PP-DIR from (NP (QP $ 2.33 billion) *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ (NP (NP AMR 's) chairman) , (NP Robert L. Crandall) ,) (VP said (SBAR 0 (S (NP-SBJ the results) (VP were (ADJP-PRD due (PP to (NP (NP (NP an (ADJP 11 %) year-to-year increase) (PP-LOC in (NP fuel prices))) and (NP (NP a slight decrease) (PP-LOC in (NP (NP yield) , (NP (NP an industry measure) (ADJP analogous (PP to (NP (NP profit margin) (PP-LOC on (NP (NP each seat) (VP sold (NP *)))))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ these trends) (VP (VP will (VP continue)) and (VP will (VP produce (NP a (ADJP very disappointing) fourth quarter) (ADVP as well)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Tim Pettee) , (NP (NP an analyst) (PP with (NP Merrill Lynch & Co.))) ,) (VP said : `` (S (NP-SBJ The business) (VP turned (ADVP-MNR (ADVP faster) (SBAR than (S (NP-SBJ-1 *) (VP expected (NP *-1)))))))) .)) (TOP (S (S (NP-SBJ Costs) (VP are (VP giving (NP them) (NP (NP a little bit) (PP of (NP trouble)))))) , and (S (NP-SBJ the whole industry) (VP is (VP having (NP a pricing problem)))) . '')) (TOP (S (PP For (NP the nine months)) , (NP-SBJ (NP AMR 's) net) (VP rose (NP-EXT 15 %) (PP-DIR to (NP (NP (QP $ 415.9 million) *U*) , or (NP (NP $ 6.59 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 360.1 million) *U*) , or (NP (NP $ 5.99 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP jumped (NP-EXT 22 %) (PP-DIR to (NP (QP $ 7.89 billion) *U*)) (PP-DIR from (NP (QP $ 6.46 billion) *U*))) .)) (TOP (S (NP-SBJ (NP AMR 's) board) , (PP-LOC in (NP (NP a statement) (PP-TMP after (NP (NP a regular meeting) (NP-TMP yesterday))))) , (VP said : `` (S (NP-SBJ (ADJP Ill-considered and reckless) acquisition proposals) (VP (VP (ADVP-MNR adversely) affect (NP (UCP employee , financial and business) relationships)) and (VP are (ADJP-PRD contrary (PP to (NP (NP the best interests) (PP of (NP AMR shareholders))))))))) ... .)) (TOP (S (NP-SBJ AMR) (VP (VP has not (VP been (PP-PRD *RNR*-1))) , and (VP is not (PP-PRD *RNR*-1)) , (PP-PRD-1 for (NP sale))) . '')) (TOP (S (NP-SBJ Mr. Crandall) (VP said (SBAR 0 (S (NP-SBJ (NP (NP the company 's) current decline) (PP-LOC in (NP earnings))) (VP is (NP-PRD (NP (NP exactly the kind) (PP of (NP situation))) (SBAR (WHNP-1 that) (S (NP-SBJ (NP an (ADJP excessively leveraged) company) (ADJP laden (PP with (NP (NP debt) (PP from (NP a takeover)))))) (VP would (VP find (S (NP-SBJ *T*-1) (ADJP-PRD difficult (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP weather (NP *T*-2)))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP Our (ADJP very disappointing) third-quarter results) and (NP (NP the discouraging outlook) (PP for (NP the fourth quarter)))) (VP underscore (NP (NP the importance) (PP of (NP an adequate capital base))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Christopher Whittington) , (NP (NP (NP 51-year-old deputy chairman) (PP of (NP this British investment-banking group))) and (NP (NP chairman) (PP of (NP (NP Morgan Grenfell & Co.) , (NP (NP the group 's) main banking unit))))) ,) (VP has (VP retired (PP-CLR from (NP his executive duties)))) .)) (TOP (SINV (VP-TPC-1 Succeeding (NP Mr. Whittington) (PP-CLR as (NP (NP deputy chairman) (PP of (NP the group))))) (VP is (VP *T*-1)) (NP-SBJ (NP Anthony Richmond-Watson) , (NP 43) , (NP currently a main board member)) .)) (TOP (SINV (VP-TPC-1 Succeeding (NP Mr. Whittington) (PP-LOC at (NP Morgan Grenfell & Co.))) (VP is (VP *T*-1)) (NP-SBJ (NP Richard Webb) , (NP 50) , (NP currently deputy chairman)) .)) (TOP (S (NP-SBJ Mr. Whittington) (VP will (VP remain (PP-PRD-LOC on (NP the main group board)) (PP as (NP a nonexecutive director)))) .)) (TOP (S (PP Without (NP (NP federal subsidies) (PP to (NP (NP developers) (PP of (NP beach houses)))))) , (NP-SBJ (NP the (ADJP economic and structural) damage) (PP by (NP Hurricane Hugo)) (PP-LOC in (NP South Carolina))) (VP would (VP have (VP been (ADJP-PRD much less) , (SBAR-ADV as (S (NP-SBJ-1 *) (VP highlighted (NP *-1) (PP by (NP-LGS (NP your Oct. 3 editorial) `` (S-TTL (NP-SBJ *) (VP Subsidizing (NP Disaster))))))))))) . '')) (TOP (S (NP-SBJ-1 Congress) (VP should (VP stop (S (NP-SBJ *-1) (VP throwing (NP tax dollars) (PP-DIR out (PP to (NP sea))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP subsidizing (NP (NP the development) (PP of (NP beach communities)) (PP-LOC on (NP (NP (ADJP ecologically fragile) coastal barrier islands) , (PP such as (NP (NP the hard-hit Isle) (PP of (NP Palms)) (PP-LOC near (NP Charleston)))))))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ you) (VP mentioned))) , (NP-SBJ-1 (NP subsidies) (PP for (NP (NP development) (PP-LOC on (NP (NP a number) (PP of (NP barrier islands))))))) (VP were (VP curtailed (NP *-1) (PP-TMP in (NP 1982)) (PP by (NP-LGS the Coastal Barrier Resource System)))) .)) (TOP (S (NP-SBJ The National Taxpayers Union) (VP would (VP like (S (NP-SBJ-1 Congress) (VP to (VP add (NP 800,000 acres) (PP-CLR to (NP (NP the 453,000) (PP of (NP shoreline)) (PP-LOC in (NP the system)))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP enacting `` (NP (NP The Coastal Barrier Improvement Act) (PP of (NP 1989))))))))))) . '')) (TOP (S (NP-SBJ This bill) (ADVP simply) (VP says (SBAR that (S (SBAR-ADV if (S (NP-SBJ-1 you) (VP want (S (NP-SBJ *-1) (VP to (VP develop (NP (NP property) (PP-LOC on (NP a barrier island))))))))) (NP-SBJ-2 you) (VP have (S (NP-SBJ *-2) (VP to (VP do (ADVP-PRD so) (PP without (NP taxpayer support))))))))) .)) (TOP (S (NP-SBJ-1 Private-property rights) (VP would (VP be (VP upheld (NP *-1) (SBAR-PRP because (S (NP-SBJ the legislation) (VP would not (VP ban (NP coastal development)))))))) .)) (TOP (S (ADVP However) , (NP-SBJ-1 home builders) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP bear (NP (NP the full costs) (PP of (NP such beach-house construction)))))))) .)) (TOP (S (NP-SBJ A Taxpayers Union study) (VP concluded (SBAR 0 (S (NP-SBJ the bill) (VP would (VP save (NP taxpayers) (NP (NP (QP up to $ 9.3 billion) *U*) (PP in (NP barrier-island subsidies))) (PP-TMP over (NP 20 years))))))) .)) (TOP (S (ADVP-TMP Already) , (NP-SBJ the 1982 legislation) (VP has (VP saved (NP an estimated (QP $ 800 million) *U*))) .)) (TOP (NP Marshall Y. Taylor)) (TOP (NP Communications Director)) (TOP (NP National Taxpayers Union)) (TOP (S (NP-SBJ The government) (VP said (SBAR 0 (S (NP-SBJ (NP (NP 13.1 %) (PP of (NP Americans))) , or (NP (QP 31.9 million) people) ,) (VP were (VP living (PP-MNR in (NP poverty)) (PP-TMP in (NP 1988))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP last year 's) figure) (VP (VP was (ADVP-PRD down (PP from (NP 13.4 %) (PP-TMP in (NP 1987))))) and (VP marked (NP (NP the (ADJP fifth consecutive) annual decline) (PP-LOC in (NP the poverty rate))))))) , (NP-SBJ the Census Bureau) (VP said (SBAR 0 (S (NP-SBJ the 1988 drop) (VP was n't (ADJP-PRD statistically significant))))) .)) (TOP (S (NP-SBJ (NP The bureau 's) report) (ADVP also) (VP showed (SBAR that (S (SBAR-ADV while (S (NP-SBJ (NP some measures) (PP of (NP (NP the nation 's) economic well-being))) (VP improved (ADVP-MNR modestly) (PP-TMP in (NP 1988))))) , (NP-SBJ-1 (NP the fruits) (PP of (NP prosperity))) (VP were (VP shared (NP *-1) (ADVP-MNR (ADVP less equitably) (PP than (NP (NP the year) (ADVP-TMP before))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Summarizing (NP (NP data) (VP derived (NP *) (PP-CLR from (NP (NP a March 1989 survey) (PP of (NP 58,000 households)))))))) , (NP-SBJ-1 (NP William Butz) , (NP (NP associate director) (PP of (NP the Census Bureau))) ,) (VP said (SBAR that `` (S (NP-SBJ most groups) (VP either (VP stayed (NP-PRD the same)) or (VP improved))))) . '')) (TOP (S-1 But (PRN , (S (NP-SBJ he) (VP added (SBAR 0 (S *T*-1)))) ,) `` (PP-TMP Since (NP the late 1960s)) , (NP-SBJ (NP the distribution) (PP of (NP income))) (VP has (VP been (ADVP-MNR slowly) (VP getting (ADJP-PRD less equal)))) .)) (TOP (S (NP-SBJ There) (VP was (NP-PRD (NP no reversal) (PRN -LCB- (PP of (NP that trend)) -RCB-)) (PP-TMP between (NP 1987 and 1988))) . '')) (TOP (S (NP-SBJ-1 (NP (ADJP Per capita) income) , (NP (NP a (ADJP widely used) measure) (PP of (NP (NP a nation 's) economic health))) ,) (VP hit (NP a record) (PP-TMP in (NP 1988)) , (S-ADV (NP-SBJ *-1) (VP rising (NP-EXT 1.7 %) (PP-TMP after (NP inflation adjustment)) (PP-DIR to (NP (QP $ 13,120) *U*))))) .)) (TOP (S But (NP-SBJ (NP the median income) (PP of (NP American families))) (VP (VP fell (NP-EXT 0.2 %)) , (NP-ADV (NP the first time) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 it) (VP has (VP failed (S (NP-SBJ *-1) (VP to (VP rise))) (ADVP-TMP *T*-2))))) (PP-TMP since (NP 1982)))) .)) (TOP (S (NP-SBJ Mr. Butz) (VP said (SBAR 0 (S (NP-SBJ (NP the divergence) (PP-LOC in (NP the two measures))) (VP reflects (NP (NP (NP changes) (PP-LOC in (NP family size and structure)) , (PP including (NP (NP the rising number) (PP of (NP female-headed families))))) and (NP (NP a sharp increase) (PP-LOC in (NP income)) (VP reported (NP *) (PP by (NP-LGS (NP Americans) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are n't (VP living (PP-LOC-CLR in (NP families))))))))))))))) .)) (TOP (S (PP-PRP As (NP (NP a result) (PP of (NP (NP last year 's) decline)))) , (NP-SBJ (NP (NP the government 's) estimate) (PP for (NP (NP the number) (PP of (NP (NP people) (VP living (PP-MNR below (NP the poverty line)))))))) (VP declined (PP-EXT by (NP (QP about 500,000)))) .)) (TOP (S (NP-SBJ (NP The poverty threshold) , (VP defined (NP *) (PP-CLR as (NP (NP (NP three times) food expenses) (SBAR as (S (NP-SBJ-1 *) (VP calculated (NP *-1) (PP by (NP-LGS the Agricultural Department)))))))) ,) (NP-TMP last year) (VP was (NP-PRD $ 12,092 *U*) (PP for (NP (NP a family) (PP of (NP four))))) .)) (TOP (S (S (NP-SBJ-1 The Census Bureau) (VP counts (NP all cash income) (PP in (S-NOM (NP-SBJ *-1) (VP determining (SBAR whether (S (NP-SBJ families) (VP are (PP-LOC-PRD below (NP the line)))))))))) , but (S (NP-SBJ it) (VP does n't (VP consider (NP (NP other government benefits) , (PP such as (NP Medicare)))))) .)) (TOP (S (S (NP-ADV (NP Thanks) (PP (ADVP largely) to (NP (NP the continued growth) (PP of (NP the U.S. economy))))) , (NP-SBJ the poverty rate) (VP is (ADVP-TMP now) (ADJP-PRD (ADJP substantially lower) (PP than (NP (NP the 1983 peak) (PP of (NP 15.3 %))))))) , but (S (NP-SBJ the improvements) (VP have (VP been (ADJP-PRD modest) (PP-TMP in (NP (NP the past couple) (PP of (NP years))))))) .)) (TOP (S (NP-SBJ Poverty) (VP remains (ADJP-PRD (ADJP (ADVP far more) widespread) (PP-LOC among (NP blacks)) (PP than (NP other Americans)))) .)) (TOP (S (PP-TMP In (NP 1988)) , (NP-SBJ (NP 31.6 %) (PP of (NP blacks))) (VP lived (PP-MNR in (NP poverty)) , (PP compared (PP with (NP (NP (NP 10.1 %) (PP for (NP whites))) and (NP (NP 26.8 %) (PP for (NP Hispanics))))))) .)) (TOP (S But (NP-SBJ (NP two-thirds) (PP of (NP all poor Americans))) (VP were (ADJP-PRD white)) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP (QP More than half)) (PP of (NP poor families))) (VP were (VP headed (NP *-1) (PP by (NP-LGS (NP women) (VP living (PP without (NP men)))))))) , (NP-SBJ the bureau) (VP said (SBAR 0 (S *T*-2)) ) .)) (TOP (S (NP-SBJ-1 (NP (QP More than three-fourths)) (PP of (NP poor black families))) (VP were (VP headed (NP *-1) (PP by (NP-LGS women)))) .)) (TOP (S (NP-SBJ (NP The poverty rate) (PP of (NP (NP children) (ADJP (NP (QP under 18) years) old)))) (VP (VP dropped (NP-TMP last year) (PP-DIR to (NP 19.7 %)) (PP-DIR from (NP 20.5 %) (PP-TMP in (NP 1987)))) , but (VP remained (ADJP-PRD (ADJP far higher) (PP than (ADVP-TMP (NP a decade) ago))))) .)) (TOP (S (NP-SBJ (NP (NP The rate) (PP-LOC among (NP the elderly))) (PRN -- (NP (NP 12 %) (PP-TMP in (NP 1988))) --)) (VP was n't (ADJP-PRD (ADJP significantly lower) (PP than (NP-TMP (NP the year) (ADVP-TMP before))))) .)) (TOP (S (S-TPC-1 (SBAR-ADV If (S (NP-SBJ it) (VP were n't (PP-PRD for (NP Social Security payments))))) , (NP-SBJ (QP more than three times as many) elderly) (VP would (VP be (PP-LOC-PRD below (NP the poverty line))))) , (NP-SBJ Mr. Butz) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The Census Bureau) (ADVP also) (VP said) :)) (TOP (S -- (NP-SBJ (NP (QP Some 17.2) %) (PP of (NP (NP all money income) (VP received (NP *) (PP by (NP-LGS families)) (PP-TMP in (NP 1988)))))) (VP went (PP-DIR to (NP (NP the wealthiest 5 %) (PP of (NP all families)) , (ADVP up (PP from (NP 16.9 %) (PP-TMP in (NP 1987))))))) .)) (TOP (S (NP-SBJ That) (VP is (NP-PRD (NP the greatest share) (VP reported (NP *) (PP for (NP (NP any year) (PP-TMP since (NP 1950)))))) , (SBAR-ADV although (S (NP-SBJ (NP changing definitions) (PP-TMP over (NP the years))) (VP distort (NP the comparison))))) .)) (TOP (S -- (NP-SBJ (NP The top fifth) (PP of (NP all families))) (VP got (NP (NP 44 %) (PP of (NP the income)) , (ADVP up (PP from (NP (NP 41.5 %) (ADVP-TMP (NP a decade) earlier)))))) .)) (TOP (S (NP-SBJ (NP The bottom fifth) (PP of (NP all families))) (VP got (NP (NP 4.6 %) (PP of (NP the income))) , (ADVP down (PP from (NP 5.2 %) (ADVP-TMP (NP a decade) earlier)))) .)) (TOP (S -- (S-ADV (NP-SBJ *) (VP Confirming (NP (NP other government data) (VP showing (SBAR that (S (NP-SBJ wages) (VP are n't (VP keeping (NP-CLR pace) (PP-CLR with (NP inflation)))))))))) , (NP-SBJ (NP earnings) (PP of (NP year-round , full-time male workers))) (VP (VP fell (NP-EXT 1.3 %) (PP-TMP in (NP 1988)) (PP-TMP after (S-NOM (NP-SBJ *) (VP adjusting (PP-CLR for (NP higher prices)))))) , (NP-ADV (NP the first such drop) (PP-TMP since (NP 1982)))) .)) (TOP (S (NP-SBJ (NP Earnings) (PP of (NP female workers))) (VP were (ADJP-PRD unchanged)) .)) (TOP (S -- (NP-SBJ (NP Women) (VP working (ADVP-MNR full-time))) (VP earned (NP (NP (NP 66 cents) (PP for (NP (NP every dollar) (VP earned (NP *) (PP by (NP-LGS men)))))) , (ADJP (ADJP (ADJP (NP a penny) more) (PP than (PP-TMP in (NP 1987)))) and (ADJP (ADJP (NP seven cents) more) (PP than (PP-TMP in (NP 1978))))))) .)) (TOP (S -- (NP-SBJ (NP Median household income) (PRN -- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP both (NP (NP those) (VP living (PP-CLR in (NP families)))) and (NP (NP those) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP are n't (VP *?*))))))))) --)) (VP rose (NP-EXT 0.3 %) (NP-TMP last year) (PP-DIR to (NP $ 27,225 *U*)) (PP-TMP after (NP inflation))) .)) (TOP (S (NP-SBJ It) (VP (VP rose (ADVP-MNR sharply) (PP-LOC in (NP the Northeast and Midwest))) and (VP fell (ADVP-EXT slightly) (PP-LOC in (NP the South and West)))) .)) (TOP (S (NP-SBJ Median family income) (VP was (NP-PRD $ 32,191 *U*) , (ADVP down (NP 0.2 %))) .)) (TOP (S -- (NP-SBJ-1 (NP (ADJP Per capita) income) (PP of (NP blacks))) , (SBAR-ADV though (S (NP-SBJ *-1) (ADVP-TMP still) (NP-PRD (NP (ADJP (QP only 60) %) that) (PP of (NP whites))))) , (VP rose (NP-EXT 3.9 %) (PP-TMP in (NP 1988)) , (SBAR-ADV while (S (NP-SBJ (NP (ADJP per capita) income) (PP of (NP whites))) (VP rose (NP-EXT (QP only 1.5) %))))) .)) (TOP (S -- (PP-LOC Among (NP married couples)) , (NP-SBJ (NP the gap) (PP between (NP blacks and whites))) (VP narrowed (ADVP-MNR sharply) , (SBAR-ADV as (S (NP-SBJ (NP income) (PP of (NP black families))) (VP shot (ADVP-DIR up) (NP-EXT 6.8 %) (SBAR-ADV while (S (NP-SBJ (NP income) (PP of (NP whites))) (VP did n't (VP budge)))))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Fueling (NP (NP a controversy) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP been (VP simmering (PP-TMP for (NP years)))))))))) , (NP-SBJ-2 the Census Bureau) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ its figures) (VP would (VP look (ADJP-PRD far rosier) (SBAR-ADV if (S (NP-SBJ-3 it) (VP recalculated (NP the poverty threshold) (S-ADV (NP-SBJ *-3) (VP using (NP (NP an improved consumer-price measure) (VP adopted (NP *) (PP-TMP in (NP 1983)))))))))))))) .)) (TOP (S (NP-SBJ The bureau) (VP said (SBAR 0 (S (NP-SBJ (ADJP (NP (QP some 3.5 million)) fewer) people) (VP would (VP have (VP fallen (PP-DIR below (NP the poverty line)) (PP-TMP in (NP 1988)) (PRN -- and (S (NP-SBJ the poverty rate) (VP would (VP have (VP been (NP-PRD (NP 10.5 %) (CONJP instead of) (NP 13.1 %)))))) --) (PP-LOC under (NP the alternative calculation)))))))) .)) (TOP (S (NP-SBJ (NP Critics) (PP-LOC on (NP the left and right))) (VP have (VP been (VP calling (PP-CLR for (NP (NP all sorts) (PP of (NP (NP revisions) (PP to (NP the measure)))))) (PP-TMP for (NP years))))) .)) (TOP (S (NP-SBJ (NP (NP A report) (PP by (NP (NP the staff) (PP of (NP (NP the Joint Economic Committee) (PP of (NP Congress))))))) (VP released (NP *) (NP-TMP yesterday))) (VP concluded , `` (S (NP-SBJ (NP It) (S *EXP*-1)) (VP is (ADJP-PRD misleading) (S-1 (NP-SBJ-2 *) (VP to (VP make (NP this change) (PP without (S-NOM (NP-SBJ *-2) (VP adjusting (PP-CLR for (NP other changes))))))))))) . '')) (TOP (S (NP-SBJ-1 The official poverty threshold) (VP is (VP set (NP *-1) (PP by (NP-LGS (NP the Office) (PP of (NP Management and Budget)))))) .)) (TOP (S (NP-SBJ-1 John E. Hayes Jr.) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP chairman) , (NP president) and (NP chief executive officer))) , (S-ADV (NP-SBJ *-1) (VP succeeding (NP (NP David S. Black) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP retired)))))))) .)) (TOP (S (NP-SBJ-3 (NP Mr. Hayes) , (ADJP (NP 52 years) old) ,) (VP left (NP (NP Southwestern Bell Telephone Co.) (SBAR-LOC *ICH*-2)) (PP-TMP in (NP January)) , (SBAR-LOC-2 (WHADVP-1 where) (S (NP-SBJ he) (VP had (VP been (NP-PRD (NP chairman) , (NP president) and (NP chief executive)) (ADVP-LOC *T*-1))))) , (S-PRP (NP-SBJ *-3) (VP to (VP join (NP (NP Triad Capital Partners) , (NP (NP a St. Louis company) (PP with (NP (NP interests) (PP in (NP (NP (NP solid waste) and (NP recycling)) , (NP telecommunications) and (NP international venture capital))))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP has (VP resigned (NP (NP his posts) (PP-LOC at (NP Triad))) (S-PRP (NP-SBJ *-1) (VP to (VP take (NP the Kansas Power positions)))))) .)) (TOP (S (NP-SBJ Kansas Power) (VP said (SBAR 0 (S (NP-SBJ (NP Mr. Black) , (NP 61) ,) (VP chose (NP early retirement))))) .)) (TOP (S (NP-SBJ-1 The space shuttle Atlantis) (VP boosted (NP the Galileo spacecraft) (PP-CLR on (NP (NP its way) (PP to (NP Jupiter)))) , (S-ADV (NP-SBJ *-1) (VP giving (NP a big lift) (ADVP as well) (PP-DTV to (NP (NP an ambitious U.S. program) (PP of (NP space exploration))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (UCP-PRD (ADJP (NP Seven years) late (PP in (NP the launching))) , (PP (NP (QP $ 1 billion) *U*) over (NP budget)) and (NP (NP a target) (PP of (NP anti-nuclear protestors))))) , (NP-SBJ-1 Galileo) (VP has (ADVP-TMP long) (VP been (NP-PRD (NP a symbol) (PP of (NP trouble))) (PP for (NP the National Aeronautics and Space Administration)))) .)) (TOP (S But (NP-TMP yesterday) , (SBAR-TMP as (S (NP-SBJ Atlantis) (VP rumbled (PP-DIR into (NP (NP a patch) (PP of (NP clear sky)) (PP-LOC above (NP Florida)))) (PP with (S-NOM (NP-SBJ storm clouds) (VP closing (PRT in) (PP-CLR on (NP it)))))))) , (NP-SBJ-1 NASA) (VP sought (S (NP-SBJ *-1) (VP to (VP turn (NP-PRD Galileo) (PP-CLR into (NP (NP a symbol) (PP of (NP triumph)))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ NASA) (VP did (NP it) (ADVP-MNR right))) ; (S (NP-SBJ that) (VP 's (NP-PRD the message)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP J.R. Thompson) , (NP (NP the agency 's) deputy administrator)) .)) (TOP (S (NP-SBJ The (ADJP (QP $ 1.4 billion) *U*) robot spacecraft) (VP faces (NP a six-year journey (S (NP-SBJ *) (VP to (VP explore (NP (NP Jupiter) and (NP its 16 known moons))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ all) (VP goes (ADVP-MNR well)))) , (NP-SBJ-4 it) (VP will (VP parachute (NP a probe) (PP-DIR into (NP the dense Jovian atmosphere)) (PP-TMP in (NP July 1995)) (S-PRP (NP-SBJ *-4) (VP to (VP pick (PRT up) (NP (NP detailed data) (PP about (NP (NP gases) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP may (VP be (ADJP-PRD similar (PP to (NP (NP the material) (SBAR (WHPP-1 from (WHNP which)) (S (NP-SBJ-2 the solar system) (VP was (VP formed (NP *-2) (PP-CLR *T*-1) (ADVP-TMP (NP (QP 4.6 billion) years) ago)))))))))))))))))))) .)) (TOP (S (NP-SBJ Jupiter) (VP is (ADJP-PRD (ADJP so enormous) (PRN -- (S (NP-SBJ its mass) (VP is (NP-PRD (NP (QP 318 times) that) (PP of (NP Earth))))) --) (SBAR that (S (NP-SBJ its gravity) (VP may (VP have (VP (VP trapped (NP these primordial gases)) and (VP (ADVP-TMP never) let (S (NP-SBJ them) (VP escape)))))))))) .)) (TOP (S (S (S-NOM-SBJ (NP-SBJ *) (VP Investigating (NP Jupiter) (PP-MNR in (NP detail)))) (VP may (VP provide (NP (NP clues) (PP to (SBAR-NOM (WHNP-2 what) (S (NP-SBJ astronomer Tobias Owen) (VP calls (S (NP-SBJ *T*-2) (NP-PRD (NP the `` cosmic paradox '') (PP of (NP life)))))))))))) : (S (S (S (NP-SBJ (NP Jupiter) and (NP (NP other bodies) (PP-LOC in (NP the outer solar system)))) (VP are (ADJP-PRD rich (PP in (NP (NP elements) (PP such as (NP hydrogen)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD essential) (PP for (NP (NP life) (PP-LOC on (NP Earth)))))))))))) , but (S (NP-SBJ these planets) (VP are (ADJP-PRD lifeless)))) ; (S (NP-SBJ Earth) , (PP on (NP the other hand)) , (VP (VP has (NP (NP a diminished store) (PP of (NP such material)))) but (VP is (ADJP-PRD rich (PP in (NP life))))))) .)) (TOP (S (NP-SBJ Some scientists) (VP have (VP suggested (SBAR that (S (NP-SBJ comets and asteroids) (VP may (VP have (VP brought (NP (NP enough) (PP of (NP (NP this kind) (PP of (NP material)))) (S *ICH*-1)) (PP-DIR from (NP the outer solar system)) (PP-DIR to (NP Earth)) (S-1 (NP-SBJ *) (VP to (VP spawn (NP life))))))))))) .)) (TOP (S (PP-TMP Beginning (PP in (NP December 1995))) , (NP-SBJ Galileo) (VP will (VP begin (NP (NP a two-year tour) (PP of (NP the Jovian moons))))) .)) (TOP (S (PP-TMP In (NP 1979)) , (NP-SBJ two Voyager spacecraft) (VP sent (ADVP-DIR back) (NP (NP stunning photos) (PP of (NP Jovian moons Io and Europa)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP showed (S (NP-SBJ them) (VP to (VP be (PP-LOC-PRD among (NP (NP the (ADJP most intriguing) bodies) (PP-LOC in (NP the solar system)))))))))))) .)) (TOP (S (NP-SBJ The photos) (VP (VP showed (S (NP-SBJ (NP active geysers) (PP-LOC on (NP Io))) (VP spewing (NP sulfurous material) (PP-DIR (NP 190 miles) into (NP its atmosphere))))) and (VP indicated (SBAR that (S (NP-SBJ Europa) (VP may (VP have (NP (NP an ocean) (VP hidden (NP *) (PP-LOC-CLR under (NP (NP a thick sheet) (PP of (NP ice)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Galileo 's) photos) (PP of (NP Europa))) (VP (VP will (VP be (ADJP-PRD (ADJP (QP more than 1,000 times) as sharp) (PP as (NP Voyager 's))) , (PP according (PP to (NP (NP Torrence Johnson) , (NP (NP Galileo 's) project scientist)))))) , and (VP may (VP show (SBAR whether (S (NP-SBJ it) (ADVP actually) (VP has (NP (NP the only known ocean) (PP other than (NP (NP those) (PP-LOC on (NP Earth))))))))))) .)) (TOP (S (NP-SBJ Atlantis) (VP (VP lifted (NP Galileo) (PP-DIR from (NP the launch pad)) (PP-TMP at (NP 12:54 p.m. EDT))) and (VP released (NP the craft) (PP-DIR from (NP its cargo bay)) (ADVP-TMP (NP (QP about six) hours) later))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Galileo) (VP is (PP-PRD on (NP (NP its way) (PP to (NP another world)))) (PP-LOC in (NP (NP the hands) (PP of (NP (NP the best flight controllers) (PP-LOC in (NP this world)))))))) , '' (NP-SBJ Atlantis Commander Donald Williams) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ *) (VP Fly (ADVP-MNR safely)) . '')) (TOP (S (NP-SBJ The five-member Atlantis crew) (VP will (VP conduct (NP (NP several experiments) , (PP including (S-NOM (NP-SBJ *) (VP (VP growing (NP plants)) and (VP processing (NP polymeric materials)) (PP-LOC in (NP space))))) ,) (PP-TMP before (NP (NP their scheduled landing) (PP-LOC at (NP (NP Edwards Air Force Base) , (NP-LOC Calif.) ,)) (NP-TMP Monday))))) .)) (TOP (S (S (NP-SBJ The Galileo project) (VP started (PP-TMP in (NP 1977)))) , and (S (NP-SBJ-1 (NP a number) (PP of (NP project veterans))) (VP were (PP-PRD on (NP hand)) (S-CLR (NP-SBJ *-1) (VP to (VP watch (NP the launch)))))) .)) (TOP (S (NP-SBJ-1 An ebullient Mr. Johnson) , (S-ADV (NP-SBJ *-1) (VP (VP wearing (NP a NASA baseball cap)) and (VP carrying (NP (NP a camera) and (NP binoculars))))) , (VP called (S (NP-SBJ the launch) `` (ADJP-PRD fantastic))) . '')) (TOP (S (NP-SBJ (NP Benny Chin) , (NP (NP manager) (PP of (NP the Galileo probe))) ,) (VP compared (NP it) (PP-CLR to (S-NOM (NP-SBJ *) (VP watching (S (NP-SBJ a child) (VP leave (NP home))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 'm (ADJP-PRD happy and sad))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Anti-nuclear activists) (VP took (NP a (ADJP less positive) view)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Having (VP argued (SBAR that (S (NP-SBJ (NP Galileo 's) plutonium power source) (VP could (VP have (VP released (NP (NP lethal doses) (PP of (NP radiation))) (SBAR-ADV if (S (NP-SBJ the shuttle) (VP exploded (NP-TMP yesterday)))))))))))) , (NP-SBJ-1 they) (VP were n't (VP quieted (NP *-1) (PP by (NP-LGS (NP yesterday 's) successful launch)))) .)) (TOP (S (NP-SBJ-1 Galileo) (VP will (VP skim (PP-DIR past (NP Earth)) (PP-TMP in (NP 1990 and 1992)) , (S-ADV (NP-SBJ-2 *-1) (VP collecting (NP energy) (PP-CLR from (NP (NP the planet 's) gravitational field)) (S-PRP (NP-SBJ *-2) (VP to (VP gain (NP (NP momentum) (PP for (NP (NP its trip) (PP to (NP Jupiter)))))))))))) .)) (TOP (S (NP-SBJ The protesters) (VP point (PRT out) (SBAR that (S (NP-SBJ Galileo) (ADVP also) (VP could (VP crash (PP-DIR to (NP Earth)) (ADVP-TMP then)))))) .)) (TOP (S (NP-SBJ They) (VP said (SBAR 0 (S (NP-SBJ they) (VP dropped (NP plans (S (NP-SBJ *) (VP to (VP infiltrate (NP the Kennedy Space Center))))) (SBAR-TMP after (S (NP-SBJ NASA) (VP beefed (PRT up) (NP its security)))))))) .)) (TOP (S (S (NP-SBJ One protest) (VP did (VP get (PP-CLR past (NP (NP NASA 's) guard)) , (ADVP though)))) ; (S (NP-SBJ a computer virus) (VP caused (S (NP-SBJ anti-Galileo messages) (VP to (VP flash (PP-DIR onto (NP some computer screens)) (PP-LOC at (NP NASA centers))))))) .)) (TOP (S (NP-SBJ The successful launch) (VP continues (NP (NP a remarkable recovery) (PP-LOC in (NP the U.S. space-science program)))) .)) (TOP (S (NP-SBJ-1 (NP An unmanned spacecraft) , (NP Magellan) ,) (VP (VP (ADVP-TMP already) is (VP heading (PP-DIR to (NP Venus)))) and (VP is (ADJP-PRD due (S (NP-SBJ-2 *-1) (VP to (VP begin (S (NP-SBJ *-2) (VP mapping (NP the planet))) (NP-TMP next August))))))) .)) (TOP (S (NP-SBJ Voyager 2) (VP sent (ADVP-DIR back) (NP (NP spectacular photos) (PP of (NP (NP Neptune) and (NP (NP its moon) , (NP Triton) ,)))) (NP-TMP this summer)) .)) (TOP (S (NP-TMP Next month) , (NP-SBJ-2 NASA) (VP plans (S (NP-SBJ *-2) (VP to (VP launch (NP (NP a satellite) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP study (NP (NP cosmic rays) (VP dating (PP-CLR from (NP (NP the birth) (PP of (NP the universe))))))))))))))) .)) (TOP (S (PP-TMP In (NP December)) , (NP-SBJ-2 the shuttle Columbia) (VP will (VP try (S (NP-SBJ *-2) (VP to (VP retrieve (NP (NP a satellite) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP 's (VP been (PP-LOC-PRD in (NP orbit)) (PP-TMP for (NP (QP nearly five) years)) (S-ADV (NP-SBJ *-3) (VP measuring (NP (NP the deleterious effects) (PP of (NP space)) (PP-LOC on (NP materials and instruments))))))))))))))) .)) (TOP (S (NP-TMP Next March) , (NP-SBJ the shuttle Discovery) (VP will (VP launch (NP (NP the Hubble space telescope) , (NP (NP a (ADJP (QP $ 1.5 billion) *U*) instrument) (VP designed (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP see (NP (NP the faintest galaxies) (PP-LOC in (NP the universe))))))))))) .)) (TOP (S (NP-SBJ (NP Not all) (PP of (NP (NP NASA 's) space-science work))) (VP will (VP be (ADJP-PRD so auspicious) , (ADVP though))) .)) (TOP (S (PP-TMP Around (NP Thanksgiving)) , (NP-SBJ (NP the Solar Max satellite) , (SBAR (WHNP-1 which) (S (NP-SBJ NASA) (VP repaired (NP *T*-1) (PP-LOC in (NP orbit)) (PP-TMP in (NP 1984))))) ,) (VP will (VP tumble (ADVP-DIR back) (PP-DIR into (NP (NP the Earth 's) atmosphere)))) .)) (TOP (S (S (NP-SBJ NASA) (VP wo n't (VP attempt (NP a rescue)))) ; (S (ADVP instead) , (NP-SBJ-1 it) (VP will (VP try (S (NP-SBJ *-1) (VP to (VP predict (SBAR (SBAR whether (S (NP-SBJ (NP any) (PP of (NP the rubble))) (VP will (VP smash (PP-DIR to (NP the ground)))))) and (SBAR (WHADVP where) (S *?*))))))))) .)) (TOP (S (NP-SBJ (NP The Associated Press 's) earthquake coverage) (VP drew (NP attention) (PP-DIR to (NP (NP a phenomenon) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP deserves (NP (NP some thought) (PP by (NP (NP public officials) and (NP other policy makers)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Private relief agencies) , (PP such as (NP the (NX (NX Salvation Army) and (NX Red Cross)))) ,) (VP mobilized (ADVP-MNR almost instantly) (S-PRP (NP-SBJ *-1) (VP to (VP help (NP people)))) , (SBAR-ADV while (S (NP-SBJ-2 the Washington bureaucracy) `` (VP took (NP hours) (S-CLR (NP-SBJ *-2) (VP getting (PP-CLR into (NP gear)))))))) . '')) (TOP (S (NP-SBJ (NP One news show) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP saw (NP *T*-1) (NP-TMP yesterday))))) (ADVP even) (VP displayed (S (NP-SBJ 25 federal officials) (VP meeting (PP-LOC around (NP a table))))) .)) (TOP (S (NP-SBJ We) (VP recall (SBAR that (S (NP-SBJ (NP the mayor) (PP of (NP Charleston))) (VP complained (ADVP-MNR bitterly) (PP-CLR about (NP (NP (NP the federal bureaucracy 's) response) (PP to (NP Hurricane Hugo)))))))) .)) (TOP (S (NP-SBJ The sense (SBAR *EXP*-1)) (VP grows (SBAR-1 that (S (NP-SBJ modern public bureaucracies) (ADVP simply) (VP do n't (VP perform (NP their assigned functions) (ADVP-MNR well)))))) .)) (TOP (S (NP-SBJ (NP Bally Manufacturing Corp.) and (NP New York developer Donald Trump)) (VP have (VP agreed (PP in (NP principle)) (PP-CLR to (NP (NP a (ADJP (QP $ 6.5 million) *U*) settlement) (PP of (NP (NP shareholder litigation) (VP stemming (PP-CLR from (NP (NP (NP Bally 's) alleged greenmail payment) (PP to (NP Mr. Trump))))))))))) .)) (TOP (S (PP According (PP to (NP (NP lawyers) (ADJP familiar (PP with (NP the settlement talks)))))) , (NP-SBJ-1 the verbal agreement (S (NP-SBJ *) (VP to (VP end (NP (NP a lawsuit) (VP filed (NP *) (ADVP-TMP (NP (QP more than two) years) ago))))))) (VP (VP was (VP reached (NP *-1) (NP-TMP last week))) and (VP will (ADVP-TMP soon) (VP be (VP submitted (NP *-1) (PP-CLR to (NP (NP a federal judge) (PP-LOC in (NP (NP Camden) , (NP N.J))))))))) .)) (TOP (S (PP-TMP In (NP February 1987)) , (NP-SBJ-1 Bally) (VP thwarted (NP (NP a possible hostile takeover bid) (PP from (NP Mr. Trump))) (PP-MNR by (S-NOM (NP-SBJ-2 *-1) (VP agreeing (S (NP-SBJ *-2) (VP to (VP buy (NP (NP (QP 2.6 million)) (PP of (NP (NP Mr. Trump 's) (NP (QP 3.1 million) Bally shares)))) (PP-CLR for (NP (NP (QP $ 83.7 million) *U*) -- (PP (NP (QP more than $ 18 million) *U*) above (NP market price))))))))))) .)) (TOP (S (NP-SBJ (NP The term) (NP greenmail)) (VP refers (PP-CLR to (NP (NP a situation) (SBAR (WHADVP-1 where) (S (NP-SBJ-2 a company) (VP pays (NP (NP a premium) (PP over (NP market value))) (ADVP-LOC *T*-1) (S-CLR (NP-SBJ *-2) (VP to (VP repurchase (NP (NP a stake) (VP held (NP *) (PP by (NP-LGS a potential acquirer))))))))))))) .)) (TOP (S (NP-SBJ-2 (NP Lawyers) (PP for (NP (NP shareholders) , (NP Bally) and (NP Mr. Trump)))) all (VP declined (S (NP-SBJ *-2) (VP to (VP talk (ADVP-MNR publicly) (PP-CLR about (NP the proposed settlement))))) , (S-ADV (NP-SBJ *-2) (VP citing (NP (NP a request (S *ICH*-3)) (PP by (NP a federal court magistrate)) (S-3 (NP-SBJ *) not (VP to (VP reveal (NP (NP details) (PP of (NP the agreement))) (SBAR-TMP until (S (NP-SBJ-1 it) (VP is (VP completed (NP *-1)))))))))))) .)) (TOP (S But (NP-SBJ (NP some attorneys) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP are (ADJP-PRD familiar (PP with (NP the matter))))))) (VP said (SBAR 0 (S (NP-SBJ-1 the (ADJP (QP $ 6.5 million) *U*) payment) (VP will (VP be (VP shared (NP *-1) (PP by (NP-LGS (NP Bally) and (NP Mr. Trump))) , (PP with (S-NOM (NP-SBJ the casino and hotel concern) (ADVP probably) (VP paying (NP (NP the bulk) (PP of (NP the money)))))))))))) .)) (TOP (S (NP-SBJ (NP The amount) (SBAR (WHNP-1 0) (S (NP-SBJ-2 (NP Bally) and (NP Mr. Trump)) (VP will (VP pay (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP settle (NP the class-action suit))))))))) (VP pales (PP in (NP (NP comparison) (PP to (NP (NP the (QP $ 45 million) *U*) (SBAR (WHNP-4 0) (S (NP-SBJ-3 (NP Walt Disney Co.) and (NP (NP Saul Steinberg 's) Reliance Group Holdings Inc.)) (VP agreed (S (NP-SBJ-5 *-3) (VP to (VP pay (NP *T*-4) (S-PRP (NP-SBJ *-5) (VP to (VP settle (NP a similar suit))))))) (PP-TMP in (NP July)))))))))) .)) (TOP (S (NP-SBJ That settlement) (VP represented (NP (NP the first time) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 shareholders) (VP were (VP granted (NP *-1) (NP a major payment) (PP-LOC in (NP a greenmail case)) (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ Mr. Steinberg) (VP made (NP a (ADJP (QP $ 59.7 million) *U*) profit) (PP on (NP (NP the sale) (PP to (NP Disney)) (PP of (NP (NP his investment) (PP in (NP the company)))))) (PP-TMP in (NP 1984))) .)) (TOP (S But (NP-SBJ lawyers) (VP said (SBAR 0 (S (NP-SBJ Mr. Steinberg) (ADVP probably) (VP faced (NP (ADJP much more) potential liability) (SBAR-PRP because , (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP sued (NP Disney) (PP-TMP during (NP his takeover battle)) (ADVP-TMP *T*-1)))) , (NP-SBJ he) (VP filed (PP on (NP (NP behalf) (PP of (NP all shareholders))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 Disney) (VP offered (S (NP-SBJ *-1) (VP to (VP pay (NP Mr. Steinberg) (NP a premium) (PP-CLR for (NP his shares))))) (ADVP-TMP *T*-2)))) , (NP-SBJ the New York investor) (VP did n't (VP demand (SBAR 0 (S (NP-SBJ the company) (ADVP also) (VP pay (NP a premium) (PP-DTV to (NP other shareholders))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Mr. Trump) (VP sued (NP Bally) (ADVP-TMP *T*-1)))) , (NP-SBJ he) (VP sued (PP (ADVP only) on (NP (NP behalf) (PP of (NP himself))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Trump) and (NP Bally)) (ADVP also) (VP appeared (S (NP-SBJ *-1) (VP to (VP have (NP some leverage) (PP-LOC in (NP the case)) (SBAR-PRP because (S (PP-LOC in (NP (NP the state) (PP of (NP (NP Delaware) , (SBAR (WHADVP-2 where) (S (NP-SBJ Bally) (VP is (ADJP-PRD incorporated) (ADVP-LOC *T*-2)))) ,)))) (NP-SBJ courts) (VP have (VP held (SBAR that (S (NP-SBJ-3 greenmail) (VP is (ADVP-TMP often) (VP protected (NP *-3) (PP by (NP-LGS the business-judgment rule)))))))))))))) .)) (TOP (S (NP-SBJ That rule) (VP gives (NP-3 (NP boards) (PP of (NP directors))) (NP wide latitude) (PP in (S-NOM (NP-SBJ-2 *-3) (VP deciding (SBAR (WHADVP-1 how) (S (NP-SBJ *-2) (VP to (VP deal (PP-CLR with (NP dissident shareholders)) (ADVP-MNR *T*-1))))))))) .)) (TOP (S-HLN (NP-SBJ SENATE) (VP HEARS (NP final arguments) (PP-LOC in (NP (NP impeachment trial) (PP of (NP federal judge))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ U.S. Judge Alcee Hastings) (VP (VP faced (NP (NP his jury) (PRN -- (NP the full U.S. Senate) --))) and (VP said , `` (S (NP-SBJ-1 I) (VP am not (ADJP-PRD guilty (PP of (S-NOM (NP-SBJ *-1) (VP having (VP committed (NP any crime)))))))))) . '')) (TOP (S (NP-SBJ-1 (NP Seventeen articles) (PP of (NP impeachment)) (PP against (NP (NP the Florida judge) , (NP (NP one) (PP of (NP (NP the few blacks) (PP on (NP the U.S. bench))))) ,))) (VP were (VP approved (NP *-1) (PP by (NP-LGS the House)) (PP-TMP in (NP August 1988)))) .)) (TOP (S (NP-SBJ (NP The central charge) (PP against (NP Judge Hastings))) (VP is (SBAR-PRD that (S (NP-SBJ-1 he) (VP conspired (PP with (NP a Washington lawyer)) (S-CLR (NP-SBJ *-1) (VP to (VP obtain (NP a (ADJP $ 150,000 *U*) bribe) (PP-CLR from (NP (NP defendants) (PP-LOC in (NP (NP a criminal case) (PP-LOC before (NP the judge)))))) , (PP in (NP (NP return) (PP for (NP leniency))))))))))) .)) (TOP (S (NP-SBJ-2 He) (VP is (ADVP also) (VP accused (NP *-2) (PP-CLR (PP of (S-NOM (NP-SBJ *-2) (VP lying (PP-LOC under (NP oath))))) and (PP of (S-NOM (NP-SBJ *-2) (VP leaking (NP (NP information) (VP obtained (NP *) (PP-CLR from (NP (NP a wiretap) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP supervised (NP *T*-1)))))))))))))) .)) (TOP (S (NP-SBJ (NP The Senate 's) public gallery) (VP was (ADJP-PRD packed (PP with (NP (NP (NP Judge Hastings ') supporters) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP erupted (PP-CLR into (NP applause)) (SBAR-TMP after (S (NP-SBJ he) (VP finished (NP his argument))))))))))) .)) (TOP (S (NP-SBJ (NP Judge Hastings) , (SBAR (WHNP-3 who) (S (NP-SBJ-1 *T*-3) (VP was (VP acquitted (NP *-1) (PP-CLR of (NP similar charges)) (PP by (NP-LGS a federal jury)) (PP-TMP in (NP 1983)))))) ,) (VP claims (SBAR (SBAR 0 (S (NP-SBJ-2 he) (VP is (VP being (VP victimized (NP *-2)))))) and (SBAR that (S (NP-SBJ (NP the impeachment proceedings) (PP against (NP him))) (VP constitute (NP double jeopardy)))))) .)) (TOP (S But (NP-SBJ (NP (NP Rep. John Bryant) (PRN -LRB- (NP (NP D.) , (NP-LOC Texas)) -RRB-)) , (NP (NP the lead counsel) (PP for (NP (NP the House managers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP conducted (NP (NP a lengthy inquiry) (PP into (NP (NP Judge Hastings ') activities))))))))) ,) (VP said `` (S (NP-SBJ (NP a mountain) (PP of (NP evidence))) (VP points (PP-CLR to (NP his certain guilt))))) . '')) (TOP (S (NP-SBJ-1 The Senate) (VP (VP will (VP deliberate (PP-LOC behind (NP closed doors)) (NP-TMP today))) and (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP vote (PP-CLR on (NP the impeachment)) (NP-TMP tomorrow))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 the judge) (VP is (VP impeached (NP *-1))))) , (SBAR-ADV as (S (NP-SBJ-2 *) (VP is (VP thought (S (NP-SBJ *-2) (ADJP-PRD likely)))))) , (NP-SBJ-3 he) (VP will (VP be (VP removed (NP *-3) (PP-DIR from (NP office)) (ADVP-TMP immediately)))) .)) (TOP (S (ADVP However) , (NP-SBJ Judge Hastings) (VP has (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP fight))))) and (VP is (VP contemplating (NP (NP an appeal) (PP of (NP any impeachment)) (PP to (NP the U.S. Supreme Court)))))))))) .)) (TOP (S-HLN (NP-SBJ (NP COMPANIES) (VP SEEKING (S (NP-SBJ *) (VP to (VP make (S (NP-SBJ insurers) (VP pay (PP-CLR for (NP pollution cleanup))))))))) (VP win (NP court victory)) .)) (TOP (S (PP-LOC In (NP (NP a case) (VP involving (NP (NP Avondale Industries Inc.) and (NP (NP its insurer) , (NP Travelers Cos.) ,))))) (NP-SBJ (NP the Second U.S. Circuit Court) (PP of (NP Appeals)) (PP-LOC in (NP New York))) (VP ruled (PP-MNR in (NP (NP favor) (PP of (NP the company)))) (PP on (NP (NP two issues) (SBAR (WHNP-1 that) (S (NP-SBJ lawyers) (VP say (SBAR 0 (S (NP-SBJ *T*-1) (VP are (ADJP-PRD central (PP to (NP (NP dozens) (PP of (NP (NP pollution cases) (PP-LOC around (NP the country)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Travelers) and (NP other insurers)) (VP have (VP maintained (SBAR that (S (NP-SBJ-1 cleanup costs) (VP (VP are n't (NP-PRD damages)) and (ADVP thus) (VP are n't (VP covered (NP *-1) (PP-LOC under (NP commercial policies))))))))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ They) (ADVP also) (VP have (VP argued (SBAR that (S (NP-SBJ (NP government proceedings) (VP notifying (NP a company) (PP-CLR of (NP potential responsibility)))) (VP do n't (VP fit (NP (NP the legal definition) (PP of (NP a lawsuit)))))))))) ; (S (ADVP thus) , (NP-SBJ-1 such governmental proceedings) (VP are n't (VP covered (NP *-1) (PP by (NP-LGS the policies)))))) , (NP-SBJ the insurers) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The appeals court) (VP disagreed (PP on (NP both counts))) .)) (TOP (S (NP-SBJ-1 Avondale) (VP was (VP notified (NP *-1) (PP by (NP-LGS Louisiana officials)) (PP-TMP in (NP 1986)) (SBAR that (S (NP-SBJ it) (VP was (ADJP-PRD potentially responsible) (PP for (NP (NP a cleanup) (PP-LOC at (NP an oil-recycling plant))))))))) .)) (TOP (S (S (NP-SBJ Avondale) (VP asked (NP-1 Travelers) (S (NP-SBJ *-1) (VP to (VP defend (NP it) (PP-LOC in (NP the state proceeding))))))) , but (S (NP-SBJ the insurer) (VP did n't (VP respond))) .)) (TOP (S (NP-SBJ The appeals court) (VP upheld (NP (NP a district judge 's) ruling (SBAR that (S (NP-SBJ the insurer) (VP had (VP to (VP defend (NP the company) (PP-LOC in (NP such proceedings))))))))) .)) (TOP (S (NP-SBJ The appeals court) (ADVP also) (VP said , (SBAR 0 `` (S (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ (NP an ordinary businessman) (VP reading (NP this policy))) (VP would (VP have (VP believed (S (NP-SBJ himself) (ADJP-PRD covered (PP for (NP (NP the (NX (NX demands) and (NX potential damage claims))) '' (VP stemming (PP-CLR from (NP any cleanup)))))))))))))))) .)) (TOP (S-2 `` (NP-SBJ This decision) (VP will (VP have (NP a (ADJP very considerable) impact) (PRN , '' (SINV (VP said (SBAR 0 (S *T*-2)) ) (NP-SBJ (NP Kenneth Abraham) , (NP (NP professor) (PP of (NP (NP environmental law) and (NP insurance law))) (PP-LOC at (NP (NP the University) (PP of (NP Virginia))))))) ,) (SBAR-PRP because (S (NP-SBJ-1 many commercial insurance policies) (VP are (VP issued (NP *-1) (PP by (NP-LGS (NP companies) (VP based (NP *) (PP-LOC-CLR in (NP New York))))))))))) .)) (TOP (S (NP-SBJ (NP William Greaney) , (NP (NP an attorney) (PP for (NP the Chemical Manufacturers Association))) ,) (VP said (SBAR that (S (SBAR-ADV while (S (NP-SBJ other appeals courts) (VP have (VP ruled (ADVP-MNR differently) (PP on (SBAR whether (S (NP-SBJ cleanup costs) (VP are (NP-PRD damages))))))))) , (NP-SBJ (NP the influence) (PP of (NP (NP the appeals court) (PP-LOC in (NP New York))))) `` (VP will (VP make (S (NP-SBJ insurers) (VP (VP sit (ADVP-CLR up)) and (VP listen)))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the decision) (VP was (NP-PRD (NP the first) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ a federal appeals court) (VP has (VP ruled (SBAR whether (S (NP-SBJ administrative government proceedings) (VP qualify (PP-CLR as (NP litigation))))) (PP-LOC *T*-1)))))))))) .)) (TOP (S (NP-SBJ (NP Barry R. Ostrager) , (NP (NP an attorney) (PP for (NP Travelers))) ,) (VP said , `` (S (NP-SBJ there) (VP are (NP-PRD (NP procedural bases) (SBAR (WHPP-2 on (WHNP which)) (S (NP-SBJ-1 this case) (VP will (VP be (VP appealed (NP *-1) (ADVP further) (PP *T*-2)))))))))) . '')) (TOP (S-HLN (NP-SBJ (NP NEW YORK 'S) poor) (VP face (NP (NP (QP nearly three million) legal problems) (NP-ADV a year)) (PP without (NP legal help))) .)) (TOP (S (NP-SBJ That) (VP is (NP-PRD (NP the conclusion) (PP of (NP (NP a report) (VP released (NP *) (PP by (NP-LGS the New York State Bar Association))))))) .)) (TOP (S (NP-SBJ-1 The report) (VP was (VP based (NP *-1) (PP-CLR on (NP (NP (NP a telephone survey) (PP of (NP (NP 1,250 low-income households) (PP-LOC across (NP the state))))) , (NP (NP a mail survey) (PP of (NP major legal-services programs))) and (NP (NP on-site interviews) (PP with (NP (NP individuals) (PP-LOC in (NP the field))))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ The report) (VP (VP provides (NP (NP detailed documentation) (PP of (NP (NP the extent and nature) (PP of (NP the problem)))))) and (VP indicates (SBAR (WHADVP-3 how) (S (NP-SBJ-2 we) (VP may (VP want (S (NP-SBJ *-2) (VP to (VP shape (NP solutions) (ADVP-MNR *T*-3))))))))))) , '' (VP said (S *T*-4)) (NP-SBJ (NP Joseph Genova) , (NP (NP (NP chairman) (PP of (NP (NP the committee) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP oversaw (NP the survey))))))) and (NP (NP a partner) (PP-LOC at (NP (NP the law firm) (PP of (NP Milbank , Tweed , Hadley & McCloy))))))) .)) (TOP (S (PP According (PP to (NP the study))) , (NP-SBJ-2 (NP (QP slightly more than 34) %) (PP of (NP (NP those) (VP surveyed (NP *))))) (VP reported (S (NP-SBJ *-2) (VP having (NP (NP (QP at least one) housing problem) (SBAR *ICH*-1)) (NP-TMP every year) (SBAR-1 (WHPP-3 for (WHNP which)) (S (NP-SBJ they) (VP had (NP no legal help) (PP *T*-3))))))) .)) (TOP (S (NP-SBJ (QP Nearly 36) %) (VP ranked (NP housing problems) (PP-CLR as (NP their (ADJP most serious) unmet legal need))) .)) (TOP (S (NP-SBJ (NP Other areas) (VP targeted (NP *) (PP by (NP-LGS (NP the survey 's) respondents)))) (VP included (NP (NP (NP difficulty) (S-NOM (NP-SBJ *) (VP obtaining or maintaining (NP public benefits))) (PRN -LRB- (NP 22 %) -RRB-)) , (NP (NP consumer fraud) (PRN -LRB- (NP 15.4 %) -RRB-)) , and (NP (NP health-care issues) (PRN -LRB- (NP 15 %) -RRB-)))) .)) (TOP (S (PP-TMP During (NP the 15-month survey)) , (NP-SBJ (NP 43 %) (PP of (NP all legal-services programs))) (VP said (SBAR that (S (PP-TMP at (NP some period)) (NP-SBJ-1 they) (VP were (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP accept (NP new clients))))) (SBAR-ADV unless (S (NP-SBJ they) (VP had (NP an emergency)))))))) .)) (TOP (S (NP-SBJ Mr. Genova) (VP said (SBAR 0 (S (NP-SBJ-1 the committee) (VP may (VP meet (S-PRP (NP-SBJ *-1) (VP to (VP propose (NP (NP solutions) (PP to (NP (NP the problems) (VP identified (NP *) (PP-LOC in (NP the study)))))))))))))) .)) (TOP (S-HLN (NP-SBJ PROSECUTOR) (VP TO (VP JOIN (NP Gibson Dunn))) :)) (TOP (S (NP-SBJ (NP Assistant U.S. Attorney Randy Mastro) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP headed (NP (NP (NP the government 's) racketeering case) (PP against (NP (NP the International Brotherhood) (PP of (NP Teamsters)))))))) ,) (VP will (VP join (NP Gibson , Dunn & Crutcher) (PP-LOC in (NP its New York office)))) .)) (TOP (S (NP-SBJ Mr. Mastro) (VP has (VP been (PP-PRD with (NP (NP the New York U.S. attorney 's) office)) (PP-TMP for (NP (QP nearly five) years)))) .)) (TOP (S (PP-TMP In (NP 1987)) (NP-SBJ he) (VP became (NP-PRD (NP deputy chief) (PP of (NP the civil division)))) .)) (TOP (S (NP-SBJ Mr. Mastro) (VP will (VP do (NP (NP civil litigation) and (NP white-collar defense work)) (PP for (NP (NP Gibson Dunn) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP Los Angeles)))))))))) .)) (TOP (S-HLN (NP-SBJ FORMER APPLE COMPUTER Inc. general counsel John P. Karalis) (VP has (VP joined (NP (NP the (NAC-LOC Phoenix , Ariz. ,) law firm) (PP of (NP Brown & Bain))))) .)) (TOP (S (NP-SBJ (NP Mr. Karalis) , (NP 51) ,) (VP will (VP specialize (PP-CLR in (NP (NP corporate law) and (NP international law))) (PP-LOC at (NP the 110-lawyer firm)))) .)) (TOP (S (PP-TMP Before (S-NOM (NP-SBJ *-1) (VP joining (NP Apple) (PP-TMP in (NP 1986))))) , (NP-SBJ-1 Mr. Karalis) (VP served (PP-CLR as (NP general counsel)) (PP-LOC at (NP Sperry Corp))) .)) (TOP (S (PP After (S-NOM (NP-SBJ-2 *-1) (VP failing (S (NP-SBJ *-2) (VP to (VP find (NP (NP a buyer) (PP for (NP (NP the Sears Tower) (PP-LOC in (NP Chicago))))))))))) , (NP-SBJ-1 Sears , Roebuck & Co.) (VP is (VP negotiating (PP-CLR with (NP Boston pension fund adviser Aldrich , Eastman & Waltch Inc.)) (S-CLR (NP-SBJ *-1) (VP to (VP refinance (NP the property) (PP-CLR for (NP (QP close to $ 850 million) *U*))))) , (PP according (PP to (NP (NP people) (ADJP close (PP to (NP the negotiations)))))))) .)) (TOP (S (PP-LOC Under (NP (NP the proposed agreement) (VP involving (NP (NP the world 's) tallest building)))) , (NP-SBJ Chicago-based Sears) (VP would (VP (VP receive (NP-1 (QP about half) the money) (PP-2 through (NP conventional mortgage financing))) and (VP (NP=1 the other half) (PP=2 as (NP a convertible mortgage))))) .)) (TOP (S (PP-TMP At (NP (NP the end) (PP of (NP (NP the term) (PP of (NP the convertible loan)))))) , (S (NP-SBJ Sears) (VP could (ADVP-TMP still) (VP own (NP half the building)))) , and (S (NP-SBJ AEW) (VP could (VP own (NP the other half)))) .)) (TOP (S (NP-SBJ Neither side) (VP would (VP comment)) .)) (TOP (S (NP-SBJ The parties) (VP are (ADVP-TMP currently) (VP negotiating (PP over (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP would (VP manage (NP (NP the building) , (SBAR (WHNP-3 which) (S (NP-SBJ-1 *T*-3) (VP will (VP be (VP emptied (NP *-1) (PP-CLR of (NP (NP 6,000 employees) (PP from (NP (NP (NP Sears ') merchandise group) , (SBAR (WHNP-4 which) (S (NP-SBJ *T*-4) (VP is (VP moving (ADVP-DIR elsewhere)))))))))))))))))))))) .)) (TOP (S (NP-SBJ The new manager) (VP will (VP face (NP (NP the daunting task) (PP of (S-NOM (NP-SBJ *) (VP leasing (NP (QP 1.8 million) square feet) (PP-LOC in (NP a (ADJP relatively soft) Chicago real estate market)))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ-1 (NP it) (SBAR *EXP*-4)) (VP has not (ADVP-TMP yet) (VP been (VP decided (NP *-1) (SBAR-4 (WHNP-2 (WHNP exactly how much) (PP of (NP the mortgage))) (S (NP-SBJ-3 AEW) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP convert (NP *T*-2) (PP-CLR into (NP equity))))))))))))) .)) (TOP (S (NP-SBJ Convertible mortgages) (VP have (VP become (NP-PRD (NP an (ADJP increasingly popular) way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP finance (NP prestigious buildings) (PP-TMP of (ADVP late)) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (PP-LOC In (NP a convertible mortgage)) , (NP-SBJ the investor) (VP lends (NP the building owner) (NP a certain amount) (PP in (NP (NP return) (PP for (NP the option (S (NP-SBJ *) (VP to (VP convert (NP its interest) (PP-CLR into (NP (NP equity) , (ADVP usually) (NP (QP less than 50) %) ,)) (PP-TMP at (NP (NP the end) (PP of (NP the loan term)))))))))))) .)) (TOP (S (PP-TMP During (NP the term)) , (NP-SBJ the lender) (VP can (VP (ADVP either) receive (NP (NP (NP a percentage) (PP of (NP cash flow))) , (NP (NP a percentage) (PP of (NP (NP the building 's) appreciation))) or (NP a fixed return)))) .)) (TOP (S (NP-SBJ (NP The main advantage) (PP of (NP a convertible mortgage))) (VP is (SBAR-PRD that (S (NP-SBJ it) (VP (VP is not (NP-PRD a sale)) and (ADVP therefore) (VP does not (VP trigger (NP costly (NX (NX transfer taxes) and (NX reappraisal))))))))) .)) (TOP (S (NP-SBJ Sears) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP put (NP the 110-story tower) (PP-PUT on (NP the block)) (PP *ICH*-1))))) (ADVP-TMP (NP almost a year) ago) (PP-1 as (NP (NP part) (PP of (NP its anti-takeover restructuring))))) .)) (TOP (S But (NP-SBJ-1 Japanese institutions) (VP shied (ADVP-DIR away) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP bidding (PP-CLR on (NP the high-profile tower))))) (PP-PRP out (PP of (NP fear (SBAR 0 (S (NP-SBJ (NP their purchase) (PP of (NP the property))) (VP would (VP trigger (NP anti-Japanese sentiment))))))))) .)) (TOP (S (NP-TMP Last summer) , (NP-SBJ-1 Sears) (VP appeared (S (NP-SBJ *-1) (VP to (VP have (NP (NP a deal) (PP with (NP Canadian developer Olympia & York Developments Ltd))))))) .)) (TOP (S But (NP-SBJ that deal) (VP fell (ADVP-CLR through) (PP-TMP in (NP September)) (SBAR-TMP after (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP became (ADJP-PRD clear) (SBAR-1 that (S (NP-SBJ the sale) (VP would (VP lead (PP-DIR to (NP a major real estate tax reassessment)) , (S-ADV (NP-SBJ *) (VP (VP raising (NP property taxes)) , and (VP making (S (NP-SBJ (NP it) (S *EXP*-2)) (ADJP-PRD difficult) (S-2 (NP-SBJ *) (VP to (VP lease (NP the building) (PP at (NP competitive prices))))))))))))))))) .)) (TOP (S (NP-SBJ Real estate industry executives) (VP said (SBAR 0 (S (NP-SBJ (NP (NP Sears ') investment banker) , (NP Goldman , Sachs & Co.) ,) (VP sought (NP financing) (PP-LOC in (NP Japan)))))) .)) (TOP (S (ADVP However) , (NP-SBJ Japanese authorities) (ADVP apparently) (VP were (ADJP-PRD concerned (SBAR that (S (NP-SBJ a refinancing) (ADVP also) (VP would (VP attract (NP (ADJP too much) publicity))))))) .)) (TOP (S (NP-SBJ Sears) (ADVP-TMP then) (VP went (ADVP-DIR back) (PP-DIR to (NP (NP AEW) , (NP (NP the Boston pension adviser) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (VP proposed (NP a convertible debt deal) (PP-TMP during (NP (NP the first round) (PP of (NP bids)) (NP-TMP last spring))))))))))) .)) (TOP (S (NP-SBJ AEW) (VP has (NP (NP (QP $ 3.5 billion) *U*) (PP of (NP real estate investments))) (ADVP-LOC nationwide) , (PP according (PP to (NP a spokesman)))) .)) (TOP (S (NP-SBJ Tandy Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP a definitive agreement (S (NP-SBJ *) (VP to (VP acquire (NP (NP two units) (PP of (NP (NP Datatronic AB) (PP of (NP Stockholm))))) (PP-CLR for (NP cash)))))))))) .)) (TOP (S (NP-SBJ-1 The amount) (VP was n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ The electronics maker and retailer) (ADVP-TMP previously) (VP estimated (NP (NP the sale price) (PP *ICH*-1)) (PP-CLR at (NP (QP between $ 100 million and $ 200 million) *U*)) (PP-1 for (NP (NP Datatronic 's) (NX (NX Victor microcomputer) and (NX Micronic hand-held computer subsidiaries))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Tandy) (VP will (VP acquire (NP (NP rights) (PP to (NP (NP the Victor and Micronic names) (PP for (NP computers))))))) .)) (TOP (S (PP-TMP During (NP 1988)) , (NP-SBJ the Datatronic subsidiaries) (VP had (NP (NP combined sales) (PP in (NP (NP excess) (PP of (NP (QP $ 200 million) *U*)))))) .)) (TOP (S (NP-SBJ The transaction) (VP will (VP give (NP Tandy) (NP (NP a well-known European computer brand) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (NP (NP 2,700 dealers and distributors) (VP marketing (PP-CLR to (NP medium-sized (UCP business and educational) institutions)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Closing) (PP of (NP the transaction))) (VP is (ADJP-PRD subject (PP to (NP certain (NX (NX conditions) and (NX regulatory approvals))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP Two rules) (PP-LOC in (NP pending congressional legislation))) (VP threaten (S (NP-SBJ-2 *-1) (VP to (VP hinder (NP leveraged buy-outs) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP raising (NP (NP the price tags) (PP of (NP such deals))) (PP-EXT by (NP (QP as much as 10) %))))))))) .)) (TOP (S (NP-SBJ Wall Street) (VP is (VP seething (PP over (NP (NP the rules) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP curtail (NP (NP the tax deductibility) (PP of (NP (NP debt) (VP used (NP *) (PP-CLR in (NP most LBOs)))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The provisions) , (PP-LOC in (NP (NP deficit-reduction bills) (VP (ADVP-TMP recently) passed (NP *) (PP by (NP-LGS the House and Senate))))) ,) (VP could (VP (ADVP further) cool (NP (NP the takeover boom) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP been (NP-PRD (NP the driving force) (PP-LOC behind (NP (NP the bull market) (PP-LOC in (NP stocks)))) (PP-TMP for (NP (NP much) (PP of (NP the 1980s))))))))))))) , (NP-SBJ some (NX (NX tax experts) and (NX investment bankers))) (VP argue (SBAR 0 (S *T*-2))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ-1 some investment bankers) (VP have (ADVP-TMP already) (VP started (S (NP-SBJ-2 *-1) (VP restructuring (NP deals) (S-PRP (NP-SBJ *-2) (VP to (VP cope (PP-CLR with (NP the expected rules))))))))) .)) (TOP (S (NP-SBJ Wall Street) (VP (VP has (VP (ADVP all but) conceded (PP on (NP the issue)))) and (VP is (ADVP-TMP now) (VP lobbying (PP-CLR for (NP (NP the (ADJP less onerous) Senate version) (PP of (NP (NP one) (PP of (NP the provisions))))))))) .)) (TOP (SINV (PP-PRD-TPC-3 At (NP issue)) (VP is (PP-PRD *T*-3)) (NP-SBJ (NP the deductibility) (PP of (NP (NP certain junk bonds) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP are (VP used (NP *-1) (PP-LOC in (NP most LBOs))))))))) .)) (TOP (S (NP-SBJ Such high-yield debt) (VP is (ADJP-PRD similar (PP to (NP a zero-coupon bond))) (SBAR-ADV in that (S (NP-SBJ-1 it) (VP is (VP sold (NP *-1) (PP at (NP (NP a discount) (PP to (NP face value)))) , (PP with (S-NOM (NP-SBJ-3 interest) (VP (VP accruing) (CONJP instead of) (VP being (VP paid (NP *-3) (PP-DTV to (NP the holder)))))))))))) .)) (TOP (S (PP-LOC Under (NP current rules)) , (NP-SBJ that accrued interest) (VP is (ADJP-PRD deductible (PP by (NP (NP the company) (VP issuing (NP the debt)))))) .)) (TOP (S (NP-SBJ (NP The House version) (PP of (NP the legislation))) (VP would (VP (VP kill (NP that deduction)) , and (VP label (NP any such debt) (PP-CLR as (NP (NP equity) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is n't (ADJP-PRD deductible))))))))) .)) (TOP (S (NP-SBJ The less-rigorous Senate version) (VP would (VP defer (NP the deductibility) (PP-TMP for (NP (QP roughly five) years)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ You) (VP see (NP these) (PP-LOC in (NP (ADJP (ADVP just about) every) LBO)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Robert Willens) , (NP (NP senior vice president) (PP in (NP (NP charge) (PP of (NP tax issues)))) (PP-LOC at (NP (NP Shearson Lehman Hutton Inc.) (PP-LOC in (NP New York)))))) .)) (TOP (S `` (NP-SBJ It) (VP becomes (NP-PRD (NP a source) (PP of (NP cash) '') (PP for (NP (NP the company) (VP making (NP the LBO))))) (SBAR-PRP because (S (NP-SBJ-1 it) (VP (VP gets (NP a deduction)) and (VP does n't (VP have (S (NP-SBJ *-1) (VP to (VP repay (NP the debt)))) (PP-TMP for (NP several years)))))))) .)) (TOP (S-1 (ADVP Typically) (PRN , (NP-SBJ Mr. Willens) (VP estimates (SBAR 0 (S *T*-1))) ,) (NP-SBJ (NP this type) (PP of (NP debt))) (VP makes (PRT up) (NP (NP (NP 15 %) to (NP 20 %)) (PP of (NP (NP the financing) (PP for (NP LBOs)))))) .)) (TOP (S (NP-SBJ-1 (NP These types) (PP of (NP bonds))) (VP have (VP been (VP used (NP *-1) (PP-CLR in (NP (NP buy-outs) (PP of (NP (NP companies) (PP such as (NP (NP RJR Nabisco Inc.) , (NP Storer Communications Inc.) and (NP Kroger Co)))))))))) .)) (TOP (S (NP-SBJ (NP A second provision) (VP passed (NP *) (PP by (NP-LGS the Senate and House)))) (VP would (VP eliminate (NP (NP a rule) (VP allowing (S (NP-SBJ (NP companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP post (NP (NP losses) (VP resulting (PP-CLR from (NP LBO debt)))))))) (VP to (VP receive (NP (NP refunds) (PP of (NP (NP taxes) (VP paid (NP *) (PP-TMP over (NP the previous three years))))))))))))) .)) (TOP (S (PP For (NP example)) , (SBAR-ADV if (S (NP-SBJ a company) (VP posted (NP (NP a loss) (PP of (NP (QP $ 100 million) *U*)) (PP from (NP buy-out interest payments)))))) , (NP-SBJ the existing rule) (VP would (VP allow (S (NP-SBJ-2 the concern) (VP to (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP receive (NP a refund) (PP-CLR from (NP (NP the tax) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP paid (NP *T*-1) (PP-TMP (PP (PP from (NP 1986)) (PP through (NP 1989))) , (SBAR (WHADVP-3 when) (S (NP-SBJ it) (VP may (VP have (VP been (NP-PRD a profitable public company) (ADVP-TMP *T*-3))))))))))))))))))))) .)) (TOP (S But (NP-SBJ-1 that rule) (VP is (VP being (VP (ADVP virtually) overlooked (NP *-1) (PP by (NP-LGS (NP Wall Street) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP is (VP concentrating (PP-CLR on (S-NOM (NP-SBJ *-3) (VP coping (PP-CLR with (NP the deduction issue)))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 (NP Prices) (PP for (NP LBOs))) (VP have (S (NP-SBJ *-1) (VP to (VP come (ADVP-DIR down)))) (SBAR-ADV if (S (NP-SBJ you) (VP do n't (VP have (NP that feature))))))) , '' (VP argued (S *T*-2)) (NP-SBJ (NP Lawrence Schloss) , (NP (NP managing director) (PP for (NP merchant banking)) (PP-LOC at (NP (NP Donaldson , Lufkin & Jenrette Securities Corp.) (PP-LOC in (NP New York)))))) .)) (TOP (S (NP-SBJ Several Wall Street officials) (VP say (SBAR 0 (S (NP-SBJ the proposed legislation) (ADVP-TMP already) (VP is (VP having (NP an impact)))))) .)) (TOP (S (NP-SBJ (NP An investment group) (VP led (NP *) (PP by (NP-LGS (NP Chicago 's) Pritzker family)))) (ADVP-TMP recently) (VP lowered (NP (NP a (ADJP (QP $ 3.35 billion) *U*) bid) (PP for (NP-LOC (NP American Medical International) , (NP (NP Beverly Hills) , (NP Calif.) ,)))) (PP-PRP because of (NP (NP the threat) (PP of (NP the legislation))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ (NP one investment banker) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP requested (NP anonymity)))) ,) (VP said (SBAR 0 (S (NP-SBJ his firm) (VP did n't (VP raise (NP (NP the ante) (PP for (NP a target company))) (NP-TMP earlier this month) (SBAR-TMP after (S (NP-SBJ a stronger bid) (VP emerged (PP-DIR from (NP (NP a public company) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP was n't (ADJP-PRD concerned (PP about (NP the financing provision)))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP would (VP have (VP paid (NP more) (SBAR-ADV if (S (NP-SBJ we) (VP thought (SBAR 0 (S (NP-SBJ-2 that law) (VP was n't (VP going (S (NP-SBJ *-2) (VP to (VP pass)))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ One possible solution) (PP for (NP Wall Street)) (VP is (S-PRD (NP-SBJ *) (VP to (VP (VP increase (NP (NP the equity part) (PP of (NP the transaction)))) -- (VP (PRN (S-ADV (NP-SBJ that) (VP is)) ,) give (NP lenders) (NP (NP a bigger stake) (PP-LOC in (NP the surviving company)) (PP rather than (NP just interest payments)))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP force (S (NP-SBJ-1 (NP the buy-out firm) and (NP (NP the target company 's) management)) (VP to (S (NP-SBJ *-1) (VP reduce (NP (NP their level) (PP of (NP ownership))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ-1 (NP The pigs) (PP-LOC in (NP the trough))) (VP may (VP have (S (NP-SBJ *-1) (VP to (VP give (NP (NP a little bit) (PP of (NP the slop))) (ADVP-CLR back))))))) and then (S (NP-SBJ the deal) (VP can (VP go (ADVP-CLR through))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Peter C. Canellos) , (NP (NP tax partner) (PP-LOC at (NP Wachtell , Lipton , Rosen & Katz)))) .)) (TOP (S-3 (NP-SBJ Another solution) (PRN , (SINV (VP said (SBAR 0 (S *T*-3)) ) (NP-SBJ (NP a tax lawyer) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP requested (NP anonymity)))))) ,) (VP is (SBAR-PRD for (S (NP-SBJ firms) (VP to (VP use (NP (NP convertible bonds) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP sell (PP at (NP a discount))))))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ they) (VP have (NP a lower interest rate)))) , (NP-SBJ they) (VP would n't (VP fall (PP-CLR under (NP (NP the junk-bond category) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP lose (NP its deductibility))))))))) .)) (TOP (S (NP-SBJ (NP The House version) (PP of (NP the bill))) (VP would (VP make (S (NP-SBJ debt) (ADJP-PRD non-deductible) (SBAR-ADV if (S (NP-SBJ it) (VP (VP pays (NP (NP five percentage points) (PP above (NP Treasury notes)))) , (VP has (NP (ADVP at least) a five-year maturity)) and (VP does n't (VP pay (NP interest) (PP-TMP for (NP (NP (QP at least one) year) (PP out (PP of (NP the first five))))))))))))) .)) (TOP (S (NP-SBJ The bill) (VP would (ADVP-TMP then) (VP declare (SBAR that (S (NP-SBJ the debt) (VP (VP is (NP-PRD equity)) and (ADVP therefore) (VP is n't (ADJP-PRD deductible))))))) .)) (TOP (S (NP-SBJ The Senate bill) (VP would (ADVP only) (VP deny (NP the deduction) (SBAR-TMP until (S (NP-SBJ-1 interest) (VP is (ADVP actually) (VP paid (NP *-1))))))) .)) (TOP (S (ADVP-TMP Currently) , (SBAR even though (S (NP-SBJ the issuer) (VP does n't (VP pay (NP tax))))) , (NP-SBJ-1 the debt holder) (VP is (VP taxed (NP *-1) (PP on (NP the accrued interest)))) .)) (TOP (S But (NP-SBJ those holders) (VP are (ADVP-TMP often) (NP-PRD (NP foreign investors) and (NP (NP tax-exempt pension funds) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do n't (VP pay (NP taxes) (PP on (NP their holdings))))))))) .)) (TOP (S (NP-SBJ The Senate) (VP estimates (SBAR that (S (NP-SBJ (NP its version) (PP of (NP the provision))) (VP would (VP (VP yield (NP-1 (QP $ 17 million) *U*) (NP-TMP the first year)) and (VP (NP=1 (NP a total) (PP of (NP (QP $ 409 million) *U*))) (PP-TMP over (NP five years)))))))) .)) (TOP (S (NP-SBJ The House version) (VP would (VP raise (NP slightly more))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ Wall Street) (VP finds (NP (NP ways) (PP around (NP the new rules)))))) , (NP-SBJ a Senate aide) (VP contends (SBAR 0 (S (NP-SBJ LBOs) (VP will (VP become (ADJP-PRD somewhat more difficult)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD no question (SBAR 0 (S (NP-SBJ it) (VP will (VP make (S (NP-SBJ LBOs) (ADJP-PRD more expensive))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ The interest deduction) (VP was (NP-PRD (NP the engine) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP made (S (NP-SBJ these things) (ADJP-PRD more productive))))))) .)) (TOP (S (NP-SBJ The average (ADJP publicly offered) commodity fund) (VP fell (NP-EXT 4.2 %) (PP-TMP in (NP September)) , (PP-PRP (ADVP largely) because of (NP (NP the volatile markets) (PP-LOC in (NP foreign currencies)))) , (PP according (PP to (NP Norwood Securities)))) .)) (TOP (S (NP-SBJ The firm) (VP said (SBAR that (S (NP-SBJ losers) (VP outnumbered (NP gainers) (PP-EXT by (NP (NP more) (PP than (NP (NP three) (PP to (NP one)))))) (PP-LOC among (NP (NP the 122 funds) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP tracks (NP *T*-1)))))))))) .)) (TOP (S (PP-TMP For (NP (NP the first nine months) (PP of (NP the year)))) , (NP-SBJ Norwood) (VP said (SBAR 0 (S (NP-SBJ the average fund) (VP has (VP lost (NP 3.3 %)))))) .)) (TOP (S (S (NP-SBJ-3 The government) (VP moved (ADVP-MNR aggressively) (S-CLR (NP-SBJ *-3) (VP to (VP open (NP (NP the spigots) (PP of (NP federal aid))) (PP for (NP (NP victims) (PP of (NP the California earthquake))))))))) , but (S (NP-SBJ-1 (NP its reservoir) (PP of (NP emergency funds))) (VP must (VP be (VP replenished (NP *-1) (ADVP-TMP soon) (SBAR-ADV if (S (NP-SBJ-2 the aid) (VP is (S (NP-SBJ *-2) (VP to (VP continue)))))))))) .)) (TOP (S (NP-SBJ President Bush) (VP signed (NP (NP a disaster declaration) (VP covering (NP seven Northern California counties)))) .)) (TOP (S (NP-SBJ The declaration) (ADVP-TMP immediately) (VP made (S (NP-SBJ the counties) (ADJP-PRD eligible (PP for (NP (NP (NP temporary housing) , (NP grants) and (NP (NP low-cost loans) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP cover (NP uninsured property losses)))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 (NP an (ADJP unusually wide) array) (PP of (NP federal agencies))) (VP moved (S (NP-SBJ *-1) (VP to (VP provide (NP specialized assistance))))) .)) (TOP (S (S (NP-SBJ-1 (NP The Department) (PP of (NP (NP Housing) and (NP Urban Development)))) (VP prepared (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ (QP as many as 100) vacant houses) (ADJP-PRD available (PP for (NP (NP those) (VP left (S (NP-SBJ *) (ADJP-PRD homeless)))))))))))) , (S (NP-SBJ-2 the Agriculture Department) (VP was (VP set (S (NP-SBJ *-2) (VP to (VP divert (NP food) (PP-DIR from (NP the school-lunch program)) (PP-DIR to (NP earthquake victims)))))))) , and (S (NP-SBJ the Pentagon) (VP was (VP providing (NP (NP everything) (PP (PP from (NP radio communications)) (PP to (NP blood transfusions)) (PP to (NP (NP military police) (PP for (S-NOM (NP-SBJ *) (VP directing (NP traffic))))))))))) .)) (TOP (S (S But (NP-SBJ-1 (NP the pool) (PP of (NP federal emergency-relief funds))) (ADVP-TMP already) (VP is (VP running (S-CLR (NP-SBJ *-1) (ADJP-PRD low)) (PP-PRP because of (NP (NP the heavy costs) (PP of (S-NOM (NP-SBJ *) (VP cleaning (PRT up) (NP Hurricane Hugo))))))))) , and (S (NP-SBJ Congress) (VP will (VP be (PP-PRD under (NP pressure (S (NP-SBJ *) (VP to (VP allocate (NP more money) (ADVP-MNR quickly))))))))) .)) (TOP (S (S (PP In (NP (NP Hugo 's) wake)) , (NP-SBJ Congress) (VP allocated (NP (NP (QP $ 1.1 billion) *U*) (PP in (NP relief funds))))) , and (S (NP-SBJ White House spokesman Marlin Fitzwater) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (QP $ 273 million) *U*) (PP of (NP that money))) (VP (VP remains) and (VP could (VP be (VP diverted (NP *-1) (PP-PRP for (NP (NP quick expenditures) (ADJP related (PP to (NP the earthquake))))))))))))) .)) (TOP (S (ADVP-TMP Now) , (ADVP though) , (NP-SBJ (NP enormous costs) (PP for (NP earthquake relief))) (VP will (VP pile (PP-DIR on (NP (NP top) (PP of (NP (NP outstanding costs) (PP for (NP hurricane relief)))))))) .)) (TOP (S `` (S-TPC-3 (S (NP-SBJ That) (ADVP obviously) (VP means (SBAR that (S (NP-SBJ we) (VP wo n't (VP have (NP (NP enough) (PP for (NP (NP all) (PP of (NP (NP the emergencies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADVP-TMP now) (VP facing (NP us)))))))))))))))) , and (S (NP-SBJ-2 we) (VP will (VP have (S (NP-SBJ *-2) (VP to (VP consider (NP (NP appropriate requests) (PP for (NP follow-on funding)))))))))) , '' (NP-SBJ Mr. Fitzwater) (VP said (S *T*-3)) .)) (TOP (S (NP-SBJ-1 The federal government) (VP is n't (ADVP even) (VP attempting (ADVP-TMP yet) (S (NP-SBJ *-1) (VP to (VP estimate (SBAR (WHNP-2 how much) (S (NP-SBJ the earthquake) (VP will (VP cost (NP it) (NP *T*-2)))))))))) .)) (TOP (S But (NP-SBJ Mr. Fitzwater) (VP said , `` (S-1 (NP-SBJ There) (VP will (VP be (PRN , (S (NP-SBJ I) (VP think (ADVP quite obviously) (SBAR 0 (S *T*-1)))) ,) (NP-PRD (NP (NP a (ADJP very large) amount) (PP of (NP money))) (VP required (NP *) (PP-CLR from (NP (NP all levels) (PP of (NP government)))))))))) . '')) (TOP (S (PP-LOC In (NP Congress)) , (NP-SBJ lawmakers) (ADVP-TMP already) (VP are (VP looking (PP-CLR for (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP add (NP relief funds) (ADVP-MNR *T*-1))))))))) .)) (TOP (S (NP-SBJ-1 Money) (VP could (VP be (VP added (NP *-1) (PP-CLR to (NP (NP a pending spending bill) (VP covering (NP (NP the Federal Emergency Management Agency) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP coordinates (NP federal disaster relief))))))))))) .)) (TOP (S (ADVP More likely) , (NP-SBJ-1 relief funds) (VP could (VP be (VP added (NP *-1) (PP-CLR to (NP (NP an omnibus spending bill) (SBAR (WHNP-3 that) (S (NP-SBJ-2 Congress) (VP is (S (NP-SBJ-4 *-2) (VP to (VP begin (S (NP-SBJ *-4) (VP considering (NP *T*-3))) (NP-TMP next week)))))))))))) .)) (TOP (S (S But (NP-SBJ it) (VP is n't (NP-PRD (NP just (NP Washington 's) relief dollars) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP are (VP spread (NP *-1) (ADVP-MNR thin)))))))) ; (S (NP-SBJ-2 its relief manpower) (ADVP also) (VP is (VP stretched (NP *-2)))) .)) (TOP (S (S (NP-SBJ FEMA) (ADVP-TMP still) (VP has (S (NP-SBJ (NP special disaster centers) (SBAR *ICH*-2)) (ADJP-PRD open) (SBAR-2 (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP handle (NP (NP the aftermath) (PP of (NP Hugo)))))))))) , and (S (NP-SBJ spokesman Russell Clanahan) (VP acknowledged (SBAR that `` (S (NP-SBJ we) (VP 're (ADJP-PRD pretty thin)))))) . '')) (TOP (S (NP-SBJ Mr. Clanahan) (VP says (SBAR 0 (S (NP-SBJ FEMA) (ADVP-TMP now) (ADVP possibly) (VP may (VP have (NP (NP the heaviest caseload) (PP-LOC in (NP its history)))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP (ADVP further) complicate (NP relief efforts)))) , (NP-SBJ the (ADJP privately funded) American Red Cross) (ADVP also) (VP finds (S (NP-SBJ itself) (ADJP-PRD strapped (PP for (NP funds)))) (PP-TMP after (NP its big Hugo operation))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (VP been (NP-PRD a bad month) (ADVP (ADVP money-wise) and (NP-ADV every other way))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Sally Stewart) , (NP (NP a spokeswoman) (PP for (NP the Red Cross)))) .)) (TOP (S `` (NP-SBJ It) (ADVP just) (VP makes (S (NP-SBJ it) (ADJP-PRD (NP a little) rough)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 you) (VP have (S (NP-SBJ *-1) (VP to (VP worry (PP-CLR about (NP the budget)) (ADVP-TMP *T*-2)))))))) . '')) (TOP (S (NP-SBJ The Red Cross) (VP has (VP opened (NP-1 30 shelters) (PP-LOC in (NP the Bay area)) , (S-ADV (NP-SBJ *-1) (VP serving (NP 5,000 people))))) .)) (TOP (S (NP-SBJ-1 (NP Twenty-five trucks) (ADJP capable (PP of (S-NOM (NP-SBJ *) (VP cooking (NP food)))))) (VP were (VP dispatched (NP *-1) (PP-DIR from (NP other states)))) .)) (TOP (S (S-TPC-4 (NP-SBJ-1 (NP All the precise types) (PP of (NP federal aid)) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP will (VP be (VP sent (NP *-2) (PP-DIR to (NP California)))))))) (VP wo n't (VP be (VP determined (NP *-1) (SBAR-TMP until (S (NP-SBJ state officials) (VP make (NP specific requests) (PP-CLR to (NP FEMA))))))))) , (NP-SBJ agency officials) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (SINV (S-TPC-1 And (PP-LOC in (NP (NP the confusion) (PP-TMP after (NP the earthquake)))) , `` (NP-SBJ-2 the information flow) (VP is (ADJP-PRD (NP a little) slow) (S-ADV (NP-SBJ *-2) (VP coming (ADVP-DIR in) (PP-DIR from (NP the affected area)))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Carl Suchocki) , (NP a FEMA spokesman)) .)) (TOP (S (ADVP Still) , (NP-SBJ some aid) (VP is (VP moving (ADVP-DIR westward) (PP-DIR from (NP Washington)) (ADVP-TMP almost immediately))) .)) (TOP (S (NP-SBJ HUD officials) (VP said (SBAR 0 (S (NP-SBJ they) (VP will (VP make (S (ADJP-PRD available) (NP-SBJ (NP (QP as many as 100) Bay area houses) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP are (PP-PRD under (NP HUD loans))) but (VP (ADVP-TMP now) are (ADJP-PRD vacant))))))) (SBAR-TMP after (S (NP-SBJ-2 the houses) (VP have (VP been (VP inspected (NP *-2) (S-PRP (NP-SBJ *) (VP to (VP ensure (SBAR 0 (S (NP-SBJ they) (VP are (ADJP-PRD sound))))))))))))))))) .)) (TOP (S-3 (S (NP-SBJ-1 Additional housing vouchers and certificates) (VP will (VP be (VP made (S (NP-SBJ *-1) (ADJP-PRD available)))))) (PRN , (NP-SBJ officials) (VP said (SBAR 0 (S *T*-3))) ,) and (S (NP-SBJ-2 some (UCP housing and community-development) funds) (VP may (VP be (VP (VP shifted (NP *-2) (PP-DIR from (NP other programs))) or (VP made (S (NP-SBJ *-2) (ADJP-PRD available (PP for (NP emergency use))))))))) .)) (TOP (S (NP-SBJ (NP (NP Another federal agency) (VP not (ADVP normally) associated (NP *) (PP-CLR with (NP disaster relief)))) (PRN -- (NP the Internal Revenue Service) --)) (VP moved (ADVP-MNR quickly) (ADVP as well)) .)) (TOP (S (NP-SBJ The IRS) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP waive (NP certain tax penalties) (PP for (NP (NP earthquake victims) (ADJP unable (S (NP-SBJ *) (VP to (VP (VP meet (NP return deadlines)) or (VP make (NP payments))))) (PP-PRP because of (NP (NP the quake 's) devastation)))))))))) .)) (TOP (S (NP-SBJ-1 The agency) (VP plans (S (NP-SBJ *-1) (VP to (VP announce (NP specific relief procedures) (PP-TMP in (NP the coming days)))))) .)) (TOP (S And (NP-SBJ the Treasury) (VP said (SBAR 0 (S (NP-SBJ-1 (NP residents) (PP of (NP the San Francisco area))) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP cash (PRT in) (NP savings bonds))))) (SBAR-ADV even if (S (NP-SBJ they) (VP have n't (VP held (NP them) (PP-TMP for (NP the minimum six-month period))))))))))) .)) (TOP (S (NP-SBJ (NP One advantage) (SBAR (WHNP-3 that) (S (NP-SBJ-1 federal officials) (VP have (NP *T*-3) (PP in (S-NOM (NP-SBJ *-1) (VP handling (NP earthquake relief)))))))) (VP is (NP-PRD (NP (NP the large number) (PP of (NP military facilities)) (PP-LOC in (NP the San Francisco Bay area))) , (NP (NP facilities) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP provide (NP (NP a ready base) (PP of (NP supplies and workers))))))))) .)) (TOP (S (SBAR-ADV Even before (S (NP-SBJ-1 (NP the full extent) (PP of (NP the devastation))) (VP was (VP known (NP *-1))))) , (NP-SBJ Defense Secretary Dick Cheney) (VP ordered (S (NP-SBJ-2 the military services) (VP to (VP (VP set (PRT up) (NP an emergency command center) (PP-LOC in (NP the Pentagon))) and (VP prepare (S (NP-SBJ *-2) (VP to (VP respond (PP-CLR to (NP (NP various FEMA requests) (PP for (NP assistance)))))))))))) .)) (TOP (S (PP-TMP By (NP yesterday afternoon)) , (NP-SBJ-1 Air Force transport planes) (VP began (S (NP-SBJ *-1) (VP moving (NP additional (NX (NX (UCP rescue and medical) supplies) , (NX physicians) , (NX communications equipment) and (NX FEMA personnel))) (PP-DIR to (NP California))))) .)) (TOP (S (NP-SBJ A military jet) (VP flew (NP-1 (NP a congressional delegation) and (NP senior Bush administration officials)) (S-CLR (NP-SBJ *-1) (VP to (VP survey (NP the damage))))) .)) (TOP (S And (NP-SBJ the Pentagon) (VP said (SBAR 0 (S (NP-SBJ-1 (NP dozens) (PP of (NP additional (NX (NX crews) and (NX transport aircraft))))) (VP were (PP-PRD on (ADJP alert)) `` (S-ADV (NP-SBJ *-1) (VP awaiting (NP orders (S (NP-SBJ *) (VP to (VP move (NP emergency supplies))))))))))) . '')) (TOP (S (NP-SBJ-1 (NP (NP Two Air Force facilities) (PP-LOC near (NP Sacramento))) , and (NP (NP Travis Air Force Base) , (ADVP-LOC (NP 50 miles) northeast (PP of (NP San Francisco))) ,)) (VP were (VP designated (S-CLR (NP-SBJ *-1) (VP to (VP serve (PP-CLR as (NP medical-airlift centers))))))) .)) (TOP (S (NP-SBJ-1 Some victims) (ADVP also) (VP were (VP treated (NP *-1) (PP-LOC (PP at (NP (NP the Letterman Army Medical Center) (PP-LOC in (NP San Francisco)))) and (PP at (NP (NP the Naval Hospital) (PP-LOC in (NP Oakland))))))) .)) (TOP (S (PP In (NP addition)) , (S (NP-SBJ (NP 20 military police) (PP from (NP (NP the Presidio) , (NP (NP a military base) (PP-LOC in (NP San Francisco))) ,))) (VP are (VP assisting (PP-CLR with (NP traffic control))))) , and (S (NP-SBJ-1 a Navy ship) (VP was (VP moved (NP *-1) (PP-DIR from (NP (NP a naval station) (PP-LOC at (NP Treasure Island)) (PP-LOC near (NP the Bay Bridge)))) (PP-DIR to (NP San Francisco)) (S-PRP (NP-SBJ-2 *) (VP to (VP help (S (NP-SBJ *-2) (VP fight (NP fires))))))))) .)) (TOP (SINV (S-TPC-2 (S-PRP (NP-SBJ *-1) (VP To (VP help (S (NP-SBJ (NP residents) (PP-LOC in (NP Northern California))) (VP rebuild))))) , (NP-SBJ-1 FEMA) (VP intends (S (NP-SBJ *-1) (VP (VP to (VP set (PRT up) (NP 17 disaster assistance offices) (PP-LOC in (NP the earthquake area)) (PP-TMP in (NP the next several days)))) and (VP to (VP staff (NP them) (PP with (NP (NP (QP 400 to 500) workers) (PP from (NP various agencies)))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Robert Volland) , (NP (NP chief) (PP of (NP (NP the agency 's) individual assistance division)))) .)) (TOP (S (PP-LOC At (NP these offices)) , (NP-SBJ-1 earthquake victims) (VP will (VP be (VP helped (NP *-1) (PP in (S-NOM (NP-SBJ *-1) (VP filling (PRT out) (NP (NP a one-page form) (SBAR (WHNP-2 that) (S (NP-SBJ-3 they) (VP will (VP need (NP *T*-2) (S-CLR (NP-SBJ *-3) (VP (VP to (VP qualify (PP-CLR for (NP (NP such federal assistance) (PP as (NP home-improvement loans)))))) and (VP to (VP repair (NP houses)))))))))))))))) .)) (TOP (S And (NP-SBJ-1 federal officials) (VP are (VP promising (S (NP-SBJ *-1) (VP to (VP move (ADVP-MNR rapidly) (PP with (NP federal highway aid)) (S-PRP (NP-SBJ *-1) (VP to (VP rebuild (NP (NP the area 's) (ADJP severely damaged) road system))))))))) .)) (TOP (S (NP-SBJ The Federal Highway Administration) (VP has (NP (NP an emergency relief program) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP help (S (NP-SBJ (NP states) and (NP local governments)) (VP repair (NP (NP (ADJP federally funded) highways and bridges) (VP (ADVP-MNR seriously) damaged (NP *) (PP by (NP-LGS natural disasters)))))))))))) .)) (TOP (S (NP-SBJ The account) (ADVP-TMP currently) (VP has (NP (QP $ 220 million) *U*)) .)) (TOP (S And (SBAR-ADV though (S (NP-SBJ federal law) (VP dictates (SBAR that (S (NP-SBJ-1 (NP (QP only $ 100 million) *U*) (PP *ICH*-3)) (VP can (VP be (VP disbursed (NP *-1) (PP-CLR from (NP that fund)) (PP-LOC in (NP any one state)) (PP-3 per (NP disaster)))))))))) , (NP-SBJ administration officials) (VP expect (S (NP-SBJ-2 Congress) (VP to (VP move (ADVP-CLR in) (S-PRP (NP-SBJ *-2) (VP to (VP authorize (S (NP-SBJ *) (VP spending (NP more) (ADVP-TMP now) (PP-LOC in (NP California))))))))))) .)) (TOP (S (S (S-PRP (NP-SBJ *-2) (VP To (VP get (NP that money)))) , (NP-SBJ-2 states) (VP must (VP go (PP-CLR through (NP an elaborate approval process))))) , but (S (NP-SBJ officials) (VP expect (S (NP-SBJ-1 red tape) (VP to (VP be (VP cut (NP *-1) (NP-TMP this time))))))) .)) (TOP (S (NP-SBJ (NP Keith Mulrooney) , (NP (NP special assistant) (PP to (NP Federal Highway Administrator Thomas Larson))) ,) (ADVP also) (VP said (SBAR that (S (PP-TMP after (NP (NP the 1971 San Fernando earthquake) (PP-LOC in (NP Southern California)))) , (NP-SBJ the state) (VP (VP set (NP tougher standards) (PP for (NP bridges))) , and (VP (PP with (NP federal aid)) , began (NP (NP a program) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP retrofit (NP highways and bridges) (PP-CLR for (NP earthquake hazards)))))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP The first phase) (PP of (NP the program))) (VP has (VP been (VP completed (NP *-1))))) , but (S (NP-SBJ two other phases) (VP are (VP continuing))) .)) (TOP (S-3 (NP-SBJ-2 (NP (NP The two major structures) (SBAR (WHNP-881 that) (S (NP-SBJ *T*-881) (VP failed (NP-TMP Tuesday night))))) (NP *ICH*-1)) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-3)))) ,) (VP were both (VP built (NP *-2) (PP-TMP (ADVP well) before (NP the 1971 earthquake)) -- (NP-1 (NP (NP the San Francisco Bay Bridge) , (VP completed (NP *) (PP-TMP in (NP the 1930s)))) , and (NP (NP (NP the section) (PP of (NP I-880))) , (VP built (NP *) (PP-TMP in (NP the 1950s))))))) .)) (TOP (S (NP-SBJ The I-880 section) (VP had (VP completed (NP (NP the first phase) (PP of (NP the retrofitting))))) .)) (TOP (S (NP-SBJ Laurie McGinley) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ FARMERS) (VP REAP (NP abundant crops)) .)) (TOP (SBARQ But (WHADVP-1 how much) (SQ will (NP-SBJ shoppers) (VP benefit (ADVP-EXT *T*-1))) ?)) (TOP (S (S (NP-SBJ The harvest) (VP arrives (PP in (NP plenty)) (PP-TMP after (NP (NP last year 's) drought-ravaged effort)))) : (S (NP-SBJ The government) (VP estimates (NP corn output) (PP-CLR at (NP (NP (QP 7.45 billion) bushels) , (ADVP up (NP 51 %) (PP from (NP last fall))))))) .)) (TOP (S (NP-SBJ Soybean production) (VP swells (NP-EXT 24 %)) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ (NP prices) (VP paid (NP *) (PP-DTV to (NP farmers)) (PP-CLR for (NP (NP the commodities) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP are (VP used (NP *-1) (PP-LOC in (NP (NP products) (ADJP (ADJP as diverse) (PP as (NP (NP bubble gum) and (NP chicken feed)))))))))) ,)))) (VP plummet (NP-EXT (NP 20 %) to (NP 33 %))) .)) (TOP (S But (NP-SBJ *) (VP do n't (VP expect (NP too much) (PP in (NP (NP the way) (PP of (NP (NP price breaks) (ADVP-TMP soon) (PP-LOC at (NP the supermarket)))))))) .)) (TOP (S (NP-SBJ Economists) (VP expect (S (NP-SBJ consumer food prices) (VP to (VP jump (NP-EXT 5.5 %) (NP-TMP this year) (UCP (PP-DIR to (NP (NP the highest level) (PP-TMP since (NP 1980)))) and (ADVP up (PP from (NP (NP last year 's) (ADJP 4.1 %) rise)))))))) .)) (TOP (S (NP-SBJ Next year) (VP may (VP see (NP (NP a drop) (PP of (NP one percentage point))))) .)) (TOP (S (NP-SBJ-1 Beef prices) , (S-ADV (NP-SBJ *-1) (VP hovering (PP-LOC near (NP records)) (PP-TMP since (NP the drought)))) , (VP could (VP drop (PP in (ADJP earnest)) (NP-TMP this winter) (SBAR-ADV if (S (NP-SBJ ranchers) (VP expand (NP herds)))))) .)) (TOP (S (S (NP-SBJ Lower feed prices) (VP may (VP help (S (NP-SBJ animals) (VP eat (ADVP-MNR more cheaply)))))) , but (S (NP-SBJ-1 humans) (VP have (S (NP-SBJ *-1) (VP to (VP factor (PRT in) (NP (NP an expensive middleman) : (NP the processor))))))) .)) (TOP (S (NP-SBJ-1 Food companies) (ADVP probably) (VP wo n't (VP cut (NP their prices) (NP-EXT much) , (S-ADV (NP-SBJ *-1) (VP blaming (NP other costs))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Labor) (VP takes (NP the biggest single chunk) (PP-DIR out (PP of (NP the ` food dollar))))) , ' '' (VP says (S *T*-1)) (NP-SBJ (NP Frank Pankyo) (PP of (NP the Food Institute))) .)) (TOP (S (NP-SBJ Stokely) (VP says (SBAR 0 (S (NP-SBJ stores) (VP revive (NP (NP specials) (PP like (NP (NP three cans) (PP of (NP peas)) (PP for (NP 99 cents))))))))) .)) (TOP (S (NP-SBJ Two cans) (VP cost (NP 89 cents) (PP-TMP during (NP the drought))) .)) (TOP (S (SBAR-ADV IF (S (NP-SBJ (ADJP IN VITRO) fertilization) (VP works))) , (NP-SBJ it) (ADVP-TMP usually) (VP does (ADVP-PRD so) (PP-TMP after (NP (QP only a few) tries))) .)) (TOP (S (NP-SBJ Costly infertility problems and procedures) (VP proliferate (SBAR-TMP as (S (NP-SBJ-1 (NP aging baby boomers) and (NP others)) (VP decide (S (NP-SBJ *-1) (VP to (VP have (NP children) -- (ADVP-TMP now)))))))) .)) (TOP (S (S (NP-SBJ It) (VP 's (VP estimated (SBAR that (S (NP-SBJ (QP one in six) couples) (VP experiences (NP infertility))))))) , and (S (PP-TMP in (NP 1987)) , (NP-SBJ-1 Americans) (VP spent (NP (QP about $ 1 billion) *U*) (S-PRP (NP-SBJ *-1) (VP to (VP fight (NP the problem)))))) .)) (TOP (S (S (NP-SBJ (QP Only about five) states) (ADVP-TMP now) (VP offer (NP (NP some form) (PP of (NP insurance coverage))))) , but (S (NP-SBJ-1 more) (VP are (VP expected (NP *-1)))) .)) (TOP (S (NP-SBJ (NP A letter) (PP-LOC in (NP (NP the New England Journal) (PP of (NP Medicine))))) (VP notes (SBAR that (S (SBAR-ADV while (S (NP-SBJ technology) (VP offers `` (NP (ADJP almost endless) hope)))) ... (SBAR-NOM-SBJ (WHADVP-1 when) (S (NP-SBJ *) (VP to (VP stop (ADVP-TMP *T*-1))))) (VP has (VP become (NP-PRD a difficult question)))))) ... . '')) (TOP (S (NP-SBJ (NP The authors) , (PP from (NP (NP Boston 's) Beth Israel Hospital)) ,) (VP say (SBAR that (S (NP-SBJ (NP 84 %) (PP of (NP (NP the 50 births) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP followed (NP *T*-1))))))) (VP occurred (PP-TMP after (NP (QP only two) (ADJP in vitro) cycles)))))) .)) (TOP (S (NP-SBJ It) (VP (VP adds (SBAR that (S (NP-SBJ births) (VP were `` (ADJP-PRD extremely unlikely) '' (PP-TMP after (NP the fourth cycle)))))) and (VP concludes (SBAR 0 (S (NP-SBJ-1 (NP couples) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP do n't (VP achieve (NP a pregnancy) (PP-TMP after (NP (QP four to six) procedures))))))) (VP should (VP be (VP advised (NP *-1) (SBAR that (S (NP-SBJ success) (VP is (ADJP-PRD unlikely))))))))))) .)) (TOP (S (NP-SBJ-1 Some couples) (VP continue (S (NP-SBJ *-1) (VP to (VP try)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Such determination) (VP may (VP translate (PP-CLR into (NP extreme (ADJP physical , emotional and financial) costs))))) , '' (NP-SBJ the letter) (VP warns (S *T*-1)) .)) (TOP (S-HLN (S (NP-SBJ MARKET) (VP MOVES)) , (S (NP-SBJ these managers) (VP do n't (VP *?*))) .)) (TOP (S (NP-SBJ (NP Only three) (PP of (NP (NP the 25 corporate pension fund managers) (VP attending (NP a Lowry Consulting Group client conference))))) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP plan (S (NP-SBJ *-1) (VP to (VP change (NP (NP the asset allocation mix) (PP-LOC in (NP their portfolios)))))) (PP-PRP because of (NP the market drop)))))) .)) (TOP (S (NP-SBJ WORLD ODDITIES) (VP come (ADJP-PRD alive) (PP-LOC in (NP (NP a multimedia version) (PP of (NP-TTL (NP the Guinness Book) (PP of (NP Records))))))) .)) (TOP (S (NP-SBJ (NP The (ADJP $ 99 *U*) CD-ROM disk) (PRN -LRB- (S (NP-SBJ-1 it) (VP can (ADVP only) (VP be (VP played (NP *-1) (PP-LOC on (NP an Apple Macintosh computer)) (PP-TMP at (NP the moment)))))) -RRB-)) (VP combines (NP animation , music and sound)) .)) (TOP (FRAG (PP-LOC Among (NP (NP the Guinness disk 's) wonders)) : (NP (NP the world 's) loudest recorded belch) .)) (TOP (S-HLN (NP-SBJ (NP ARTY FAX) (PP from (NP David Hockney))) (VP begins (NP a tongue-in-cheek exhibit) (NP-TMP today) (PP-LOC at (NP (NP New York 's) Andre Emmerich Gallery))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the artist 's) earliest Fax works))) (VP was (NP-PRD `` (NP-TTL (NP Little Stanley) (VP Sleeping)) , '' (NP (NP a portrait) (PP of (NP his dog))))) .)) (TOP (S-HLN (NP-SBJ PACS) (VP GIVE and receive (PP-LOC in (NP (NP a debatable duet) (PP with (NP (NP employees ') favored charities))))) .)) (TOP (S (NP-SBJ The Federal Election Commission) (VP clears (NP corporate plans (S (NP-SBJ *) (VP to (VP donate (PP-CLR to (NP (NP an employee 's) chosen charity)) (PP in (NP (NP exchange) (PP for (NP (NP (NP the worker 's) gift) (PP to (NP the company political action committee))))))))))) .)) (TOP (NP (NP Latest approvals) : (NP (NP (NP Bell Atlantic 's) New Jersey Bell) and (NP General Dynamics)) .)) (TOP (S (NP-SBJ Companies) (VP get (NP (NP more political clout) plus (NP a possible tax-deductible charitable donation)) (FRAG -- (ADVP-TMP so far) (NP (NP no word) (PP from (NP the IRS)) (PP on (NP deductibility))))) .)) (TOP (S (NP-SBJ (NP Detroit Edison) , (NP the plan pioneer) ,) (VP generated (NP (NP $ 54,000 *U*) (PP in (NP matching funds)) (ADVP *ICH*-1)) (NP-TMP this year) , (ADVP-1 up (PP from (NP $ 39,000 *U*) (PP-TMP in (NP 1988))))) .)) (TOP (S But (NP-SBJ the utility) (VP may not (VP continue (NP-TMP next year))) .)) (TOP (SINV-1 `` (S-TPC-2 (NP-SBJ We) (VP 're (PP-PRD on (NP a tight budget)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Detroit Edison 's) Carol Roskind) .)) (TOP (S (NP-SBJ Two election commission members) (VP opposed (NP the matching plans)) .)) (TOP (S (NP-SBJ Scott E. Thomas) (VP says (SBAR 0 (S (NP-SBJ the plans) (VP give (NP employees) `` (NP (NP a bonus) (PP in (NP (NP the form) (PP of (NP (NP charitable donations) (VP made (NP *) (PP-CLR from (NP (NP an employer 's) treasury)))))))) '' (PP in (NP (NP exchange) (PP for (NP the political donation)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The U.S. government) (VP could (VP be , (PP in (NP effect)) , (VP subsidizing (NP (NP political contributions) (PP to (NP corporate PACs))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ New Jersey Bell) (VP awaits (NP state clearance)) .)) (TOP (S (PP Despite (NP federal approval)) , (NP-SBJ General Dynamics) (VP says (SBAR 0 (S (NP-SBJ it) (VP decided (SBAR 0 (S (NP-SBJ it) (VP wo n't (VP go (ADVP-CLR ahead) (PP with (NP the matching program)))))))))) .)) (TOP (S-HLN (NP-SBJ CHRISTMAS SHOPPERS) (VP find (NP a helping hand) (PP from (NP some catalog companies))) .)) (TOP (S (NP-SBJ Blunt Ellis & Loewi) (VP estimates (SBAR 0 (S (NP-SBJ direct mail catalog sales) (VP rose (PP-DIR to (NP (QP $ 12 billion) *U*)) (NP-TMP last year))))) .)) (TOP (S And (SBAR-ADV while (S (NP-SBJ it) (VP 's (ADVP-PRD (ADVP too soon) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP tell (SBAR (WHADVP-2 how) (S (NP-SBJ sales) (VP will (VP fare (ADVP-MNR *T*-2) (PP-TMP in (NP the important 1989 Christmas season)))))) (ADVP-TMP *T*-1))))))))) , (NP-SBJ some companies) (VP take (NP (NP steps) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP ease (NP the usual 11th-hour crush) (ADVP-MNR *T*-3))))))) .)) (TOP (S (NP-SBJ Spiegel) (VP promises (NP a `` Guaranteed Christmas) , '' (PP with (NP a pledge (S (NP-SBJ *) (VP to (VP deliver (NP goods) (PP-TMP before (NP Christmas)) (SBAR-ADV if (S (NP-SBJ-1 *) (VP ordered (NP *-1) (PP-TMP by (NP Dec. 20))))))))))) .)) (TOP (S (S And , (PP for (NP an extra $ 6 *U*)) , (NP-SBJ (NP Land 's) End) (VP will (VP deliver (NP orders) (PP-TMP within (NP two days))))) ; (S (NP-SBJ customers) (VP can (VP designate (NP the day)))) .)) (TOP (S (NP-SBJ (NP Spiegel) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP owns (NP (NP Eddie Bauer) and (NP Honeybee))))) ,) (VP says (SBAR that (S (PP-TMP since (NP 1987)) , (NP-SBJ sales) (VP have (VP doubled (PP-TMP during (NP (NP the week) (PP before (NP Christmas))))))))) .)) (TOP (S (NP-SBJ An L.L. Bean spokeswoman) (VP notes : `` (S (NP-SBJ-1 People) (VP are (ADVP just) (ADJP-PRD used (PP to (S-NOM (NP-SBJ *-1) (VP living (PP-LOC-CLR in (NP a last-minute society))))))))) . '')) (TOP (S (NP-SBJ (NP Blunt Ellis) , (NP a Milwaukee brokerage firm) ,) (VP says (SBAR 0 (S (NP-SBJ (NP part) (PP of (NP (NP the reason) (SBAR (WHADVP-3 0) (S (NP-SBJ catalog sales) (VP grow (PP in (NP popularity)) (ADVP-PRP *T*-3))))))) (VP is (SBAR-PRP-PRD because (S (NP-SBJ consumers) (VP have (NP (NP more money) but (NP (NP less time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP spend (NP it) (ADVP-TMP *T*-1)))))))))))))) .)) (TOP (S (S (NP-SBJ L.L. Bean) (VP hires (NP (NP (QP about 2,700) workers) (ADJP *ICH*-1)) (PP for (NP the season rush)) , (ADJP-1 (ADJP (NP (QP about 300)) more) (PP than (NP last year))))) ; (S (NP-SBJ (NP Land 's) End) (VP hires (NP 2,000))) .)) (TOP (NP-HLN BRIEFS :)) (TOP (S (NP-SBJ-1 (NP Guarana Antarctica) , (NP a Brazilian soft drink)) , (VP is (VP brought (NP *-1) (PP-DIR to (NP the U.S.)) (PP by (NP-LGS (NP Amcap) , (NP-LOC (NP Chevy Chase) , (NP Md)))))) .)) (TOP (S (NP-SBJ New Product News) (VP says (SBAR 0 (S (NP-SBJ the beverage) `` (VP (VP looks (PP-CLR like (NP ginger ale))) , (VP tastes (PP-CLR (NP a little) like (NP cherries))) and (VP smells (PP-CLR like (NP bubble gum))))))) . '' ...)) (TOP (S (NP-SBJ `` (NP Amenities) '' (VP planned (NP *) (PP-CLR for (NP (NP Chicago 's) new Parkshore Tower apartments)))) (VP include (NP an on-site investment counselor)) .)) (TOP (S (S (ADVP-TMP (NP Four years) ago) , (NP-SBJ-1 Pittsburgh) (VP was (VP designated (S (NP-SBJ *-1) (NP-PRD the most-livable U.S. city)) (PP by (NP-LGS (NP Rand McNally 's) Places Rated Almanac))))) , and (S (NP-SBJ-2 the honor) (VP did (NP wonders) (S-CLR (NP-SBJ *-2) (VP to (VP improve (NP (NP Pittsburgh 's) soot-stained image)))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ People) (VP asked , (SQ is (NP-SBJ it) (ADVP really) (ADJP-PRD true) ?))) '' (VP says (S *T*-2)) (NP-SBJ (NP Maury Kelley) , (NP (NP vice president) , (NP marketing services) , (PP for (NP (NP Beecham Products USA) , (NP (NP a maker) (PP of (NP (NP health and personal-care products) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP used (NP the ranking) (PP-LOC in (NP its recruiting brochure)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Yuba City) , (NP Calif.)) , (ADVP-TMP meanwhile) , (VP ranked (S-CLR (NP-SBJ *-1) (ADJP-PRD dead last)) (PP-LOC among (NP 329 metro areas))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (ADJP-PRD Unamused)) , (NP-SBJ-2 residents) (VP (VP burned (NP Rand McNally books)) and (VP wore (NP (NP T-shirts) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP said : `` (S (NP-SBJ *) (VP Kiss (NP my Atlas))))))))) . '')) (TOP (S (NP-SBJ The almanac) (VP will (VP be (VP making (NP new friends and enemies) (PP-TMP on (NP (NP Oct. 27) , (SBAR (WHADVP-2 when) (S (NP-SBJ-1 an updated version) (VP will (VP be (VP released (NP *-1) (ADVP-TMP *T*-2))))))))))) .)) (TOP (S (NP-SBJ-2 Pittsburgh) (VP (VP figures (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP be (VP dethroned (NP *-1))))))) but (VP plans (S (NP-SBJ *-2) (VP to (VP accept (NP its ouster) (ADVP-MNR graciously)))))) .)) (TOP (S (NP-SBJ (NP (NP The city 's) Office) (PP of (NP Promotion))) (VP plans (NP (NP media events) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP welcome (NP its successor))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're (VP encouraging (NP a graceful transition)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mary Kay Poppenberg) , (NP (NP the organization 's) president)) .)) (TOP (S `` (NP-SBJ Our attitude) (VP is (SBAR-PRD that (S -LRB- (NP-SBJ the ranking) -RRB- (VP is (PP-PRD like (NP Miss America)))))) .)) (TOP (S (SBAR-ADV Once (S (NP-SBJ you) (VP 're (NP-PRD Miss America)))) , (NP-SBJ you) (VP 're (ADVP-TMP always) (NP-PRD Miss America)) . '')) (TOP (S (NP-SBJ *) (VP Tell (NP that) (PP-DTV to (NP (NP Atlanta) , (SBAR (WHNP-1 which) (S (NP-SBJ Pittsburgh) (VP replaced (NP *T*-1) (PP-CLR as (NP the most-livable city)) (PP-TMP in (NP 1985)))))))) .)) (TOP (S (NP-SBJ Many Atlantans) (VP thought (SBAR 0 (S (NP-SBJ Pittsburgh) (VP was (NP-PRD an unworthy heir))))) .)) (TOP (S (NP-SBJ (NP A columnist) (PP in (NP-LOC the Atlanta Journal and Constitution))) (VP wrote : `` (SBARQ (WHNP-1 Who) (SQ (NP-SBJ *T*-1) (VP did (NP the research) (PP for (NP this report)))) ?)))) (TOP (FRAG (NP (NP Two guys) (PP from (NP (NP Gary) , (NP Ind.)))) ? '')) (TOP (FRAG Not (ADJP so) .)) (TOP (S (NP-SBJ Co-authors David Savageau and Richard Boyer) , (VP live (PP-LOC-CLR in (NP (NP (NP Gloucester) , (NP Mass.) ,) and (NP (NP Asheville) , (NP N.C.) ,) (ADVP respectively)))) .)) (TOP (S-1 `` (NP-SBJ Atlanta) (PRN , '' (S (NP-SBJ Mr. Savageau) (VP sniffs (S *T*-1))) , ``) (VP has (NP (NP unrealistic pretensions) (PP to (NP world-class status)))) . '')) (TOP (S (NP-SBJ The new edition) (VP lists (NP the top 10 metropolitan areas) (PP-CLR as (NP (NP (NP Anaheim-Santa Ana) , (NP Calif.)) ; (NP Boston) ; (NP (NP Louisville) , (NP Ky.)) ; (NP (NP Nassau-Suffolk) , (NP N.Y.)) ; (NP New York) ; (NP Pittsburgh) ; (NP San Diego) ; (NP San Francisco) ; (NP Seattle) ; and (NP Washington)))) .)) (TOP (S (NP-SBJ Mr. Savageau) (VP says (SBAR 0 (S (FRAG-ADV (NP earthquake) or not) , (NP-SBJ San Francisco) (VP makes (NP the list))))) .)) (TOP (S (S But (NP-SBJ attention) (ADVP also) (VP rivets (PP-CLR on (SBAR-NOM (WHNP-1 who) (S (NP-SBJ *T*-1) (VP finishes (ADVP-CLR last))))))) , and (S (NP-SBJ (NP (NP Pine Bluff) , (NP Ark.)) (PRN -- (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP (VP finished (ADVP-CLR-3 third to last) (PP-TMP-4 in (NP 1981))) and (VP (ADVP-CLR=3 second to last) (PP-TMP=4 in (NP 1985)))))) --)) (VP is (ADVP certainly) (PP-LOC-PRD in (NP the running)))) .)) (TOP (S `` (S-TPC-4 (NP-SBJ-1 I) (VP hate (S (NP-SBJ *-1) (VP to (VP dignify (NP the publication) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP commenting (PP-CLR on (NP the obscene rating)))))))))) , '' (NP-SBJ-2 Mayor Carolyn Robinson) (VP says (S *T*-4) , (S-ADV (NP-SBJ *-2) (VP adding (SBAR that (S (NP-SBJ cities) (VP have (NP (NP no way) (SBAR (WHADVP-5 0) (S (NP-SBJ *) (VP to (VP rebut (NP the book) (ADVP-MNR *T*-5)))))))))))) .)) (TOP (S `` (NP-SBJ It) (VP 's (PP-PRD like (S-NOM (NP-SBJ *) (VP fighting (NP your way) (ADVP-DIR out (PP of (NP a fog))))))) .)) (TOP (S (NP-SBJ You) (VP do n't (VP know (SBAR (WHADVP-1 which way) (S (NP-SBJ *) (VP to (VP punch (ADVP-DIR *T*-1))))))) .)) (TOP (S (NP-SBJ (NP Northrop Corp. 's) third-quarter net income) (VP fell (NP-EXT 25 %) (PP-DIR to (NP (NP (QP $ 21.5 million) *U*) , or (NP (NP 46 cents) (NP-ADV a share)) ,)) (SBAR-ADV while (S (NP-SBJ General Dynamics Corp.) (VP reported (NP (NP (ADJP nearly flat) earnings) (PP of (NP (NP (QP $ 76.5 million) *U*) , or (NP (NP $ 1.83 *U*) (NP-ADV a share))))))))) .)) (TOP (S (NP-SBJ (ADJP Los Angeles-based) Northrop) (VP recorded (NP (NP an (ADJP 8.2 %) decline) (PP-LOC in (NP sales))) (SBAR-TMP as (S (S (NP-SBJ-1 B-2 Stealth bomber research-and-development revenue) (VP continued (S (NP-SBJ *-1) (VP to (VP ebb))))) and (S (NP-SBJ (NP high costs) (PP-LOC on (NP some other programs))) (VP cut (PP-DIR into (NP profit))))))) .)) (TOP (S (NP-SBJ The aerospace concern) (VP earned (NP (NP (QP $ 28.8 million) *U*) , or (NP (NP 61 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)) .)) (TOP (S (NP-SBJ (NP Sales) (PP-TMP in (NP the latest period))) (VP were (NP-PRD (QP $ 1.25 billion) *U*) , (ADVP down (PP from (NP (QP $ 1.36 billion) *U*) (PP-TMP in (NP the 1988 quarter))))) .)) (TOP (S (PP-LOC At (NP (ADJP St. Louis-based) General Dynamics)) , (NP-SBJ sales) (VP rose (NP-EXT 10 %) (PP-DIR to (NP (QP $ 2.52 billion) *U*)) (PP-DIR from (NP (QP $ 2.29 billion) *U*))) .)) (TOP (S (NP-SBJ It) (VP earned (NP (NP (QP $ 76.4 million) *U*) , or (NP (NP $ 1.82 *U*) (NP-ADV a share)) ,) (PP-TMP in (NP the 1988 quarter))) .)) (TOP (S (NP-SBJ General Dynamics) (VP credited (NP (NP (NP significant earnings gains) (PP-LOC in (NP its general aviation and material service segments))) , (NP (NP an earnings recovery) (PP-LOC in (NP submarine operations))) , and (NP higher military aircraft sales))) .)) (TOP (S (NP-SBJ Northrop) (VP said (SBAR 0 (S (NP-SBJ sales) (VP fell (UCP-PRP (PP because of (NP (NP the decline) (PP-LOC in (NP (NP B-2 development dollars) (PP from (NP the government)))) (SBAR-TMP as (S (NP-SBJ the plane) (VP continues (NP its initial production stage)))))) and (SBAR because (S (NP-SBJ-19 fewer F/A-18 fighter sections) (VP are (VP being (VP produced (NP *-19) (PP-LOC in (NP (NP its subcontract work) (PP with (NP prime contractor McDonnell Douglas Corp)))))))))))))) .)) (TOP (S (PP-LOC In (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange)) , (NP-SBJ Northrop shares) (VP closed (PP-CLR at (NP $ 21.125 *U*)) , (ADVP off (NP 25 cents))) .)) (TOP (S (NP-SBJ General Dynamics) (VP closed (PP-CLR at (NP $ 54.875 *U*)) , (ADVP up (NP 50 cents))) .)) (TOP (S (NP-SBJ (NP Northrop) , (SBAR (WHNP-2 which) (S (PP-TMP since (NP early 1988)) (NP-SBJ-3 *T*-2) (VP has (VP declined (S (NP-SBJ *-3) (VP to (VP accept (NP (NP fixed-price contracts) (PP for (NP research and development)))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 earnings) (VP were (VP hurt (NP *-1) (PP by (NP-LGS (NP excessive costs) (PP on (NP (NP (NP a number) (PP of (NP such contracts))) (VP won (NP *) (ADVP-TMP (NP years) ago))))))))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Among (NP them)) (VP were (PP-LOC-PRD *T*-1)) (NP-SBJ (NP the ALQ-135 electronic countermeasures system) (PP for (NP the F-15 fighter))) .)) (TOP (S (NP-SBJ (NP Northrop 's) interest expense) (ADVP also) (VP soared (PP-DIR to (NP (QP $ 35 million) *U*)) (PP-DIR from (NP (QP $ 17 million) *U*) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ debt) (VP remained (PP-LOC-PRD at (NP (NP the (QP $ 1.22 billion) *U*) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP prevailed (PP-TMP since (NP early 1989)))))))) , (SBAR-ADV although (S (NP-SBJ that) (VP compared (PP-CLR with (NP (NP (QP $ 911 million) *U*) (PP-TMP at (NP (NP Sept. 30) , (NP 1988)))))))))))) .)) (TOP (S (NP-SBJ (NP The backlog) (PP of (NP undelivered orders))) (PP-LOC at (NP Northrop)) (PP-TMP on (NP Sept. 30)) (VP was (NP-PRD (QP $ 4.68 billion) *U*) , (ADVP down (PP from (NP (QP $ 5.16 billion) *U*) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ Northrop) (VP reported (NP (NP a net loss) (PP of (NP (NP (QP $ 46.9 million) *U*) , or (NP (NP $ 1 *U*) (NP-ADV a share)) ,))) (PP compared (PP with (NP (NP profit) (PP of (NP (NP (QP $ 190.3 million) *U*) , or (NP (NP $ 4.05 *U*) (NP-ADV a share)) ,)) (PP-TMP in (NP 1988)))))) .)) (TOP (S (NP-SBJ Sales) (VP dipped (NP-EXT 3.6 %) (PP-DIR to (NP (QP $ 3.92 billion) *U*)) (PP-DIR from (NP (QP $ 4.07 billion) *U*))) .)) (TOP (S (PP-LOC At (NP General Dynamics)) , (NP-SBJ (NP factors) (VP reducing (NP (NP earnings) (PP-LOC in (NP the military aircraft segment))))) (VP included (NP (NP (NP higher levels) (PP of (NP cost-sharing)) (PP-LOC in (NP (NP development) (PP of (NP the Advanced Tactical Fighter))))) , and (NP (NP the high cost) (PP of (NP (NP an advanced version) (PP of (NP the F-16 fighter))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ-3 F-16 deliveries) (ADVP also) (VP have (VP fallen `` (S-CLR (NP-SBJ *-3) (PP-LOC-PRD (ADVP slightly) behind (NP schedule))) , '' (SBAR-ADV although (S (NP-SBJ-17 (NP a return) (PP to (NP the previous schedule)) (PP-TMP *ICH*-2)) (VP is (VP expected (NP *-17) (PP-TMP-2 in (NP 1990))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Backlog) (PP-LOC at (NP General Dynamics))) (VP rose (PP-DIR to (NP (QP $ 16.5 billion) *U*)) (PP-DIR from (NP (QP $ 15.8 billion) *U*))) .)) (TOP (S (NP-SBJ Its interest expense) (VP surged (PP-DIR to (NP (QP $ 21.5 million) *U*)) (PP-DIR from (NP (QP $ 12.4 million) *U*))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ General Dynamics) (VP earned (NP (NP (QP $ 210.3 million) *U*) , or (NP (NP $ 5.03 *U*) (NP-ADV a share)) ,) (ADVP up (ADVP marginally) (PP from (NP (NP (QP $ 208.8 million) *U*) , or (NP (NP $ 4.97 *U*) (NP-ADV a share)) ,))) (PP on (NP (NP a (ADJP 4.9 %) rise) (PP-LOC in (NP sales)) (PP to (NP (QP $ 7.41 billion) *U*)) (PP from (NP (QP $ 7.06 billion) *U*))))) .)) (TOP (S (NP-SBJ-1 Lotus Development Corp.) (VP reported (NP (NP a (ADJP surprisingly strong) (ADJP 51 %) increase) (PP-LOC in (NP third-quarter net income)) (PP on (NP a (ADJP 32 %) sales gain))) , (S-ADV (NP-SBJ-2 *-1) (VP buoyed (NP *-2) (PP by (NP-LGS (NP strong demand) (PP for (NP (NP a new version) (PP of (NP its 1-2-3 computer spreadsheet))))))))) .)) (TOP (S (NP-SBJ-2 The results) (VP topped (NP (NP (NP analysts ') expectations) and (NP (NP the earnings growth) (PP of (NP competitors)))) , (S-ADV (NP-SBJ *-2) (VP prompting (S (NP-SBJ traders) (VP to (VP (ADVP all but) forget (NP (NP the product-launch delays) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP bogged (PRT down) (NP the company) (PP-TMP for (NP (NP much) (PP of (NP the past two years)))))))))))))) .)) (TOP (S (NP-TMP Yesterday) , (PP-LOC in (NP heavy , national over-the-counter trading)) , (NP-SBJ-1 Lotus shares) (VP rose (PP-DIR to (NP $ 32.50 *U*)) , (ADVP up (NP (NP $ 1.25 *U*) (ADVP apiece))) , (S-ADV (NP-SBJ *-1) (VP capping (NP (NP a threemonth run-up) (PP of (NP (QP more than 40) %)))))) .)) (TOP (S (NP-SBJ Lotus) (VP said (SBAR 0 (S (NP-SBJ net) (VP rose (PP-DIR to (NP (NP (QP $ 23 million) *U*) , or (NP (NP 54 cents) (NP-ADV a share)) ,)) (PP on (NP (NP sales) (PP of (NP (QP $ 153.9 million) *U*)))))))) .)) (TOP (S (ADVP-TMP (NP A year) ago) , (NP-SBJ net) (VP was (NP-PRD (NP (QP $ 14.3 million) *U*) , or (NP (NP 31 cents) (NP-ADV a share)) ,) (PP on (NP (NP sales) (PP of (NP (QP $ 116.8 million) *U*))))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ (NP net) (PP of (NP (NP (QP $ 38.5 million) *U*) , or (NP (NP 92 cents) (NP-ADV a share)) ,))) (VP trailed (NP (NP the year earlier 's) (NX (NX (QP $ 49.9 million) *U*) , or (NX (NX $ 1.08 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (PP-DIR to (NP (QP $ 406 million) *U*)) (PP-DIR from (NP (QP $ 356 million) *U*) (NP-TMP (NP the year) (ADVP earlier)))) .)) (TOP (S (PP-TMP In (NP the first half)) , (NP-SBJ-1 Lotus) (VP struggled (S (NP-SBJ *-1) (VP to (VP keep (NP market share) (PP with (NP costly promotions))))) (SBAR-TMP while (S (NP-SBJ customers) (VP awaited (NP (NP the launch) (PP of (NP (NP 1-2-3 Release 3) , (NP the upgraded spreadsheet software)))))))) .)) (TOP (S (NP-SBJ (NP Lotus 's) results) (VP (VP were (ADJP-PRD (ADJP (NP (QP about 10) %) higher) (PP than (NP (NP analysts ') average expectations)))) and (VP compared (ADVP-MNR favorably) (PP-CLR with (NP (NP the (ADJP 36 %) earnings rise) (VP reported (NP *) (ADVP-TMP (NP a day) earlier) (PP by (NP-LGS (NP rival Microsoft Corp.) (PP of (NP (NP Redmond) , (NP Wash)))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 results) (VP were (VP bolstered (NP *-1) (PP by (NP-LGS (NP (NP upgrades) (PP to (NP Release 3)) (PP by (NP previous customers))) and (NP (NP improved profit margins) , (NP (NP the result) (PP of (NP manufacturing-cost controls))))))))))) .)) (TOP (S (NP-SBJ (NP Rick Sherlund) , (NP a Goldman Sachs analyst) ,) (VP said (SBAR 0 (S (NP-SBJ Lotus) (VP had (NP (NP upgrade revenue) (PP of (NP (NP (QP about $ 22 million) *U*) (SBAR *ICH*-1)))) (PP-TMP in (NP the quarter)) , (SBAR-NOM-1 (ADVP twice) (WHNP-2 what) (S (NP-SBJ he) (VP had (VP expected (NP *T*-2))))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ he) (VP estimated (SBAR 0 (S (NP-SBJ (NP unit shipments) (PP of (NP (NP 1-2-3) (PP in (NP all its forms))))) (VP were (NP-PRD about 315,000) , (ADVP up (NP 7 %) (PP from (NP (NP 1988 's) quarterly average))))))) .)) (TOP (S (S-TPC-4 (NP-SBJ (NP Demand) (PP for (NP the new version))) (VP was (VP enabling (S (NP-SBJ Lotus) (VP (VP to (VP raise (NP prices) (PP with (NP distributors)))) and (VP to (VP hold (NP market share) (PP against (NP (NP Microsoft) and (NP (NP other competitors) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP tried (S (NP-SBJ *-3) (VP to (VP exploit (NP (NP the earlier delays) (PP-LOC in (NP (NP Release 3 's) launch))))))))))))))))))) , (NP-SBJ Mr. Sherlund) (VP added (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ He) (VP estimated (SBAR that (S (NP-SBJ 1-2-3) (VP (VP outsold (NP (NP Microsoft 's) Excel spreadsheet) (PP-EXT by (ADVP four-to-one)) (PP-TMP in (NP the quarter))) , and (VP held (NP (NP a (ADJP (ADJP 70 %) or (ADJP better)) share) (PP of (NP the spreadsheet market)))))))) .)) (TOP (S (NP-SBJ Silicon Valley) (VP heaved (NP (NP a sigh) (PP of (NP relief))) (NP-TMP yesterday)) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ details) (VP were (ADJP-PRD sketchy) (PP-LOC in (NP (NP the aftermath) (PP of (NP (NP the violent earthquake) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP shook (NP (NP the high-tech corridor) (PP along (PP with (NP (NP the rest) (PP of (NP the San Francisco Bay area)))))))))))))))) , (NP-SBJ (NP a spot check) (PP of (NP computer makers))) (VP turned (PRT up) (NP-PRD (NP little (PRN , (SBAR-ADV if (FRAG (NP any))) ,) (ADJP potentially lingering) damage) (PP to (NP (NP facilities) or (NP fabrication equipment))))) .)) (TOP (S (NP-SBJ (NP Analysts) and (NP corporate officials)) (VP said (SBAR 0 (S (NP-SBJ they) (VP expected (NP (NP (ADJP practically no) long-term disruption) (PP-LOC in (NP (NP shipments) (PP-LOC from (NP (NP the Valley) (PP of (NP either hardware or software goods))))))))))) .)) (TOP (S (S (NP-SBJ (NP Intel Corp.) , (NP Advanced Micro Devices Inc.) and (NP National Semiconductor Corp.)) (VP were all (UCP-PRD (ADJP up) and (VP running)) (NP-TMP yesterday) , (SBAR-ADV though (S (NP-SBJ-1 many workers) (VP were (VP forced (S (NP-SBJ *-1) (VP to (VP stay (NP-PRD home) (PP-PRP because of (NP damaged roadways))))))))))) ; (S (NP-SBJ-2 others) (VP elected (S (NP-SBJ *-2) (VP to (VP take (NP the day) (PRT off)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ These systems) (VP are (ADJP-PRD (ADJP more rugged) (SBAR than (S (NP-SBJ many people) (VP would (VP believe (S *?*)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Thomas Kurlak) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP tracks (NP the computer industry) (PP for (NP Merrill Lynch Research)))))) .)) (TOP (S `` (NP-SBJ It) (VP 's not (NP-PRD (NP the end) (PP of (NP the world))) (SBAR-ADV if (S (NP-SBJ you) (VP shake (NP them) (PRT up) (NP-ADV a little bit))))) . '')) (TOP (S (NP-SBJ (NP Other companies) , (PP including (NP (NP International Business Machines Corp.) and (NP Hewlett-Packard Co.))) ,) (VP (ADVP completely) idled (NP their operations) (PP-PRP because of (NP (NP (NP Tuesday evening 's) temblor) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP registered (NP 6.9) (PP-LOC on (NP the Richter scale)))))))) .)) (TOP (S (NP-SBJ-1 Personnel) (VP spent (NP the morning) (S-CLR (NP-SBJ *-1) (VP (VP inspecting (NP buildings) (PP-CLR for (NP structural weaknesses))) , (VP mopping (PRT up) (NP (NP water) (PP from (NP broken pipes)))) and (VP clearing (NP (NP ceiling tiles) and (NP other debris)) (PP-CLR from (NP factory floors)))))) .)) (TOP (S (ADVP Still) , (NP-SBJ many) (VP were (ADJP-PRD confident (SBAR that `` (S (PP-TMP in (NP a day (QP or two))) , (NP-SBJ everything) (VP should (VP be (ADVP-PRD back (PP to (ADJP normal)))))))) , '' (PP according (PP to (NP (NP a spokeswoman) (PP for (NP (NP the Semiconductor Industry Association) , (VP based (NP *) (PP-LOC-CLR in (NP Cupertino))))))))) .)) (TOP (S (NP-SBJ IBM) , (PP for (NP instance)) , (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP anticipates (S (NP-SBJ *-2) (VP returning (PP-DIR to (NP a normal work schedule)) (PP-TMP by (NP the weekend)) (PP-LOC at (NP (NP its San Jose plant) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP puts (PRT out) (NP (NP disk drives) (PP for (NP (NP the 3090 family) (PP of (NP mainframes)))))))))))))))) .)) (TOP (S (NP-SBJ A Hewlett-Packard spokeswoman) (VP said (SBAR that , (S (SBAR-ADV while `` (S (NP-SBJ things) (VP are (NP-PRD a big mess)))) , '' (NP-SBJ-1 (QP some 18,000) Valley employees) (VP have (VP been (VP called (NP *-1) (ADVP-CLR back (PP to (NP work))) (NP-TMP today))))))) .)) (TOP (S (NP-SBJ Apple Computer) (VP added (SBAR that (S (NP-SBJ-1 it) (VP was (VP being `` (ADJP-PRD cautiously optimistic) , '' (PP despite (S-NOM (NP-SBJ *-1) (ADVP-TMP not yet) (VP (ADVP-MNR closely) eyeballing (NP (NP all) (PP of (NP (NP its 50 buildings) (PP-LOC in (NP the region))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Even the (ADJP carefully calibrated) machinery) (PP-LOC in (NP (NP its giant Fremont plant) , (PP-LOC to (NP (NP the north) (PP of (NP the Valley)))) ,))) (VP was (VP believed (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD undamaged)))))) .)) (TOP (S (NP-SBJ (NP Sun Microsystems Inc.) and (NP Tandem Computers Inc.)) (ADVP also) (VP signaled (SBAR that (S (NP-SBJ they) (VP should (VP recover (ADVP-MNR quickly)))))) .)) (TOP (S (NP-SBJ (NP Digital Equipment Corp.) , (PP with (NP (NP major facilities) (PP-LOC in (NP (NP Santa Clara) , (NP Cupertino) , (NP Palo Alto) and (NP Mountain View))))) ,) (VP said (SBAR that (S (NP-SBJ (NP all) (PP of (NP its engineering and manufacturing sites))) (VP had (VP reported (PP-CLR to (NP (NP corporate headquarters) (PP-LOC in (NP (NP Maynard) , (NP Mass.) ,)))) (NP-TMP Tuesday night)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ None) (VP sustained (NP `` significant '' damage))) , (NP-SBJ-3 a spokesman) (VP said (SBAR 0 (S *T*-1)) , (S-ADV (NP-SBJ *-3) (VP adding (SBAR that `` (S (NP-SBJ-2 the delicate manufacturing process machines) (VP (VP were (VP checked (NP *-2))) and (VP were all (VP found (S (NP-SBJ *-2) (VP to (VP be (VP operating (ADVP-MNR normally))))))))))))) . '')) (TOP (S (PP For (NP many companies)) , (PP of (NP course)) , (NP-SBJ there) (VP is (ADVP-TMP still) (NP-PRD (NP a slew) (PP of (NP (NP (NP nagging problems) (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP grapple (PP-CLR with (NP *T*-3))))))) , (SBAR (WHNP-2 (NP some) (WHPP of (WHNP which))) (S (NP-SBJ *T*-2) (VP have (NP the potential (S (NP-SBJ *) (VP to (VP become (ADJP-PRD quite serious)))))))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP a spokesman) (PP for (NP Advanced Micro Devices))) (VP said (SBAR 0 (S (NP-SBJ the Sunnyvale chip maker) (VP is (ADJP-PRD worried (PP about (NP blackouts))))))) .)) (TOP (S (NP-SBJ (NP A sudden surge or drop) (PP-LOC in (NP electric power))) (VP could (VP ruin (S (NP-SBJ-1 integrated circuits) (VP being (VP built (NP *-1)))))) .)) (TOP (S But , (PP given (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP might (VP have (VP happened (PP-CLR to (NP (NP the fragile parts) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP are (PP-PRD-LOC at (NP (NP the heart) (PP of (NP the microelectronics business))))))))))))))) , (NP-SBJ-3 (NP the bulk) (PP of (NP Valley companies))) (VP seemed (S (NP-SBJ *-3) (VP to (VP be (VP (ADVP just about) shouting (NP hosannas)))))) .)) (TOP (S (NP-SBJ Several factors) (ADVP apparently) (VP spared (NP (NP the Valley) (PRN -- (NP (NP a sprawling suburban stretch) (PP-LOC (PP from (NP San Jose)) (PP to (NP Palo Alto)))) --)) (PP-CLR from (NP (NP (NP the kind) (PP of (NP impact))) (VP felt (NP-PRD *) (PP-LOC in (NP (NP San Francisco) , (NP (NP an hour 's) drive north))))))) .)) (TOP (S (PP For (NP one thing)) , (NP-SBJ-1 (NP buildings) (ADVP-LOC there)) (VP tend (S (NP-SBJ *-1) (VP to (VP be (UCP-PRD (ADJP newer) and (PRN , (ADVP thus) ,) (PP in (NP (NP step) (PP with (NP the latest safety codes))))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ (NP the soil) (PP-LOC in (NP the Valley))) (VP is (ADJP-PRD solid) , (PP unlike (NP (NP the landfill) (PP of (NP (NP (NP San Francisco 's) downtown Marina District) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP hit (NP *-1) (PP-CLR with (NP (NP fires) and (NP vast destruction)))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ some microelectronics companies) (VP said (SBAR 0 (S (NP-SBJ they) (VP were (ADJP-PRD prepared (PP for (NP (NP tremulous conditions) (PP like (NP Tuesday 's))))))))) .)) (TOP (S (NP-SBJ-1 Their machine tools) (VP are (ADVP even) (VP bolted (NP *-1) (PP-CLR to (NP the shop floor)))) .)) (TOP (S (NP-SBJ Intel) (VP said (SBAR that (S (PP-TMP over (NP the past decade)) , (NP-SBJ it) (VP has (VP installed (NP (NP (NP computer sensors) and (NP shutoff valves)) , (ADJP sensitive (PP to (NP (NP the shake) (PP of (NP an earthquake))))) ,) (PP-LOC-CLR in (NP (NP the pipes) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP snake (PP-DIR through (NP its plants)))))))))))) .)) (TOP (S (PP Like (NP other large Valley companies)) , (NP-SBJ Intel) (ADVP also) (VP noted (SBAR that (S (NP-SBJ it) (VP has (NP factories) (PP-LOC in (NP (NP several parts) (PP of (NP the nation)))) , (SBAR-PRP so that (S (NP-SBJ (NP a breakdown) (PP-LOC at (NP one location))) (VP should n't (VP leave (S (NP-SBJ customers) (PP-LOC-PRD in (NP a total pinch))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (ADVP certainly) (NP-PRD good news) (PP for (NP (NP such companies) (PP as (NP (NP Compaq Computer Corp.) , (NP-LOC Houston) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP only a four-day supply) (PP of (NP (NP microprocessors) (PP-LOC from (NP the Valley))))) (PP-LOC-CLR on (NP hand)) (PP-PRP because of (NP (NP a just-in-time manufacturing approach) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP limits (NP (NP the buildup) (PP of (NP inventory)))))))))))))))) .)) (TOP (S (NP-SBJ Compaq) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP foresees (NP (NP no difficulties) (PP in (S-NOM (NP-SBJ *-1) (VP obtaining (NP parts)))) (PP-TMP in (NP the immediate future))))))) .)) (TOP (S (NP-SBJ-1 Computer makers) (VP were (VP scrambling (S (NP-SBJ *-1) (VP to (VP help (S (NP-SBJ customers) (VP recover (PP-CLR from (NP the disaster))))))))) .)) (TOP (S (NP-SBJ Digital Equipment) (VP has (VP set (PRT up) (NP disaster-recovery response centers) (PP-LOC in (NP (NP Dallas) , (NP Atlanta) and (NP (NP Colorado Springs) , (NP Colo)))))) .)) (TOP (S (NP-SBJ These units) (VP were (VP handling (NP (NP calls) (PP both (PP from (NP (NP people) (PP in (NP-LOC the San Francisco area)))) and (PP from (NP (NP (NP computers) (ADVP themselves)) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP are (VP set (S (NP-SBJ *-2) (VP to (VP dial (NP Digital) (ADVP-MNR automatically) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ trouble) (VP arises (ADVP-TMP *T*-3))))))))))))))))) .)) (TOP (S (NP-SBJ They) (ADVP-TMP then) (VP run (NP (ADJP remotely controlled) self-diagnostic programs)) .)) (TOP (S (NP-SBJ Digital) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP dispatched (NP (NP teams) (PP of (NP technicians))) (PP-DIR to (NP California))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP several other major installations) (PP-LOC around (NP (NP the Valley) (PRN -- (NP (NP (NP America 's) center) (PP of (NP high-tech))) --)))) (VP said (SBAR 0 (S (NP-SBJ they) , (ADVP too) , (VP fared (ADVP-MNR (ADVP as well) (SBAR as (S (NP-SBJ-1 *) (VP could (VP be (VP expected (NP *-1))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP Lawrence Livermore National Laboratory) , (SBAR (WHADVP-1 where) (S (NP-SBJ the Energy Department) (VP (VP tests (NP *RNR*-2)) and (VP conducts (NP (NP research) (PP-CLR on (NP *RNR*-2)))) (NP-2 nuclear weapons) (ADVP-LOC *T*-1)))) ,) (VP had (ADVP only) `` (NP superficial damage))) , '' (NP-SBJ a spokesman) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (PP-LOC At (NP (NP (NP Lockheed Corp. 's) missiles and space systems group) (PP-LOC in (NP (NP Sunnyvale) , (ADVP (NP (QP about 40) miles) south (PP of (NP San Francisco))))))) , (NP-SBJ-2 workers) (VP were (VP asked (NP-4 *-2) (S (NP-SBJ *-4) (VP to (VP head (PP-DIR to (NP work))))) (NP-TMP yesterday) (SBAR-TMP after (S (NP-SBJ-1 (NP it) (SBAR *EXP*-3)) (VP was (VP realized (NP *-1) (SBAR-3 that `` (S (NP-SBJ there) (VP were (NP-PRD no show-stoppers) '' (PP-LOC in (NP (NP the 150-plus buildings) (PP-LOC on (NP its one-square-mile campus))))))))))))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ-3 Several engineering and research offices) (VP needed (NP closer scrutiny) (S-CLR (NP-SBJ *-3) (VP to (VP make (S (ADJP-PRD sure) (SBAR-NOM-SBJ 0 (S (NP-SBJ they) (VP were n't (PP-PRD in (NP (NP danger) (PP of (NP crumbling))))))))))))) , but `` (S (NP-SBJ (NP the bulk) (PP of (NP the place))) (VP is (PP-PRD in (NP (ADJP pretty good) shape))))) , '' (NP-SBJ an official) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP (NP One) (PP of (NP (NP Lockheed 's) (ADJP most lucrative) sectors))) (PRN -- (VP accounting (PP-CLR for (NP (NP (QP more than half) (NP the aerospace company 's) (QP $ 10.59 billion) *U*) (PP in (NP sales)))) (PP-TMP in (NP 1988))) --) (NP the missiles and space group)) (VP is (NP-PRD (NP the prime Pentagon contractor) (PP on (NP the Trident II ballistic missile)))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP generates (NP (NP pieces) (PP of (NP (NP the missile shield) (VP called (S (NP-SBJ *) (NP-PRD the Strategic Defense Initiative))))))) .)) (TOP (S (ADVP Fortunately) , (NP-SBJ-1 (NP the Hubble Space Telescope) (PRN -- (VP set (S (NP-SBJ-2 *) (VP to (VP be (VP launched (NP *-2) (PP-LOC-CLR on (NP the shuttle)) (NP-TMP next year) (PP in (NP (NP a search) (PP for (NP (NP distant solar systems) and (NP (NP light) (VP emitted (NP *) (ADVP-TMP (NP 14 billion years) ago) (PP-DIR from (NP (NP the farthest reaches) (PP of (NP the universe))))))))))))))) --)) (VP was (VP moved (NP *-1) (PP-DIR from (NP Sunnyvale)) (PP-DIR to (NP (NP the Kennedy Space Center) (PP-LOC in (NP Florida)))) (PP-TMP at (NP (NP the beginning) (PP of (NP October)))))) .)) (TOP (S (NP-SBJ John R. Wilke) (VP contribued (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ Michael Maynard) (VP offered (NP the world) (NP (NP a faster way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP break (NP eggs) (ADVP-MNR *T*-1))))))) .)) (TOP (S (PP As (NP thanks)) , (NP-SBJ-1 the egg industry) (VP tried (S (NP-SBJ *-1) (VP to (VP break (NP him))))) .)) (TOP (S And (NP-SBJ the egg producers) (VP have (VP done (NP a (ADJP pretty good) job))) .)) (TOP (S (NP-SBJ-1 They) (VP tried (S (NP-SBJ *-1) (VP to (VP put (S (NP-SBJ Mr. Maynard) (ADJP-PRD out (PP of (NP business)))) (PP-MNR by (NP (NP an act) (PP of (NP Congress)))))))) .)) (TOP (S (NP-SBJ-2 Egg-industry lobbying) (VP helped (S (NP-SBJ *-2) (VP persuade (NP-1 six states) (S (NP-SBJ *-1) (VP to (VP ban (NP (NP Mr. Maynard 's) automatic egg-breaking machine) (PP-PRP because of (NP (NP fears) (PP over (NP salmonella)))))))))) .)) (TOP (S (NP-SBJ-1 (NP His company) , (NP Misa Manufacturing Inc.) ,) (VP (VP was (VP forced (S (NP-SBJ *-1) (VP to (VP seek (NP (NP protection) (PP from (NP creditors))) (PP-LOC under (NP federal bankruptcy law))))) (PP-TMP in (NP 1987)))) and (VP has (ADVP-TMP since) (VP been (VP liquidated (NP *-1))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP Monthly sales) (PP of (NP (NP his Egg King machine) (PRN -- (SBAR (WHNP-1 which) (S (NP-SBJ he) (ADVP-TMP now) (VP is (VP marketing (NP *T*-1) (PP through (NP a new company)))))) --)))) (VP have (VP sunk (PP-DIR to (NP (QP about half a dozen))) (PP-DIR from (NP (NP a peak) (PP of (NP 75))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ the 46-year-old businessman) .)) (TOP (S (NP-SBJ Mr. Maynard) (VP is n't (NP-PRD (NP the first entrepreneur) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP bump (PRT up) (PP-CLR against (NP entrenched interests)))))))) .)) (TOP (S But (NP-SBJ his case) (VP is (ADJP-PRD notable) (PP-PRP both (PP for (NP (NP (NP the scale) (PP of (NP the fight))) (PRN -- (S-CLF (NP-SBJ it) (VP is n't (ADVP-PRD often) (SBAR (WHADVP-1 that) (S (NP-SBJ-2 a congressional hearing) (VP is (VP held (NP *-2) (S-PRP (NP-SBJ *) (VP to (VP determine (SBAR whether (S (NP-SBJ one small businessman) (VP is (NP-PRD (NP a threat) (PP to (NP the republic))))))))) (ADVP-TMP *T*-1))))))) --))) and (PP for (SBAR-NOM (WHNP-3 what) (S (NP-SBJ it) (VP tells (NP *T*-3) (PP-CLR about (NP (NP the pitfalls) (PP of (S-NOM (NP-SBJ *) (VP marketing (NP a new product)))))))))))) .)) (TOP (S (ADVP Now) (NP-SBJ one) (VP might (VP ask (SBAR (WHADVP-5 why) (S (NP-SBJ (NP people) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP sell (NP eggs))))) (VP would (VP fight (NP (NP someone) (SBAR (WHNP-4 who) (S (NP-SBJ-1 *T*-4) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ (NP it) (S *EXP*-2)) (ADJP-PRD easier) (S-2 (NP-SBJ *) (VP to (VP crack (NP them))))))))))))) (ADVP-PRP *T*-5))))))) .)) (TOP (S (NP-SBJ (NP Part) (PP of (NP the answer))) (VP lies (PP-LOC-CLR in (NP (NP the nature) (PP of (NP the industry))))) .)) (TOP (S (NP-SBJ Many larger egg producers) (VP are (ADVP also) (NP-PRD (NP egg processors) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP crack , inspect , and sanitize (NP (NP billions) (PP of (NP eggs))) , (S-ADV (NP-SBJ *) (VP turning (NP them) (PP-CLR into (NP (ADJP powdered , liquified or frozen) egg products))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP dozens) (PP of (NP (NP bakers) , (NP restaurant chefs) and (NP other food preparers))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP flocked (PP-DIR to (NP (NP Mr. Maynard 's) defense)))))) (VP say (SBAR that (S (NP-SBJ (NP products) (VP ranging (PP-CLR (PP from (NP egg bread)) (PP to (NP eclairs))))) (VP lose (NP some zip) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the eggs) (VP come (PP-LOC-CLR in (NP (NP 30-pound cans) (CONJP instead of) (NP shells))) (ADVP-TMP *T*-2)))))))) .)) (TOP (S But (PP for (NP (NP companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP use (NP (NP (NP hundreds) (PP of (NP eggs))) (NP-TMP a day))))))) , (S-NOM-SBJ (NP-SBJ *) (VP breaking (NP them) (PP-MNR by (NP hand)))) (VP can (VP get , (ADVP well) , (ADJP-PRD out (PP of (NP hand))))) .)) (TOP (S (S (NP-SBJ (NP The idea) (PP behind (NP the Egg King))) (VP is (NP-PRD pretty simple))) : (S (NP-SBJ-2 *) (VP (VP put (NP the eggs) (PP-PUT into (NP (NP a cylinder) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP contains (NP perforated baskets))))))) , (VP spin (NP them) (PP at (NP a high speed)) (S-PRP (NP-SBJ *-2) (VP to (VP break (NP the shells))))) and (VP strain (NP the edible part) (PP-DIR through (NP the baskets))))) .)) (TOP (S (NP-SBJ (NP One Egg King) (PRN -- (SBAR (WHNP-2 which) (S (PP at (PP (ADVP just under) (ADJP (ADJP (NP four feet) tall) and (ADJP (NP two feet) wide)))) (NP-SBJ-1 *T*-2) (VP has (VP been (VP likened (NP *-1) (PP-CLR to (NP (NP the robot) (NP R2-D2)))))))) --)) (VP can (VP crack (NP (NP (QP about 20,000) eggs) (NP-TMP an hour)))) .)) (TOP (SINV (S-TPC-1 (SBAR-PRP Because (S (NP-SBJ fresh eggs) (VP are (ADJP-PRD (ADJP less expensive) (PP than (NP processed ones)))))) , (NP-SBJ a big egg user) (VP can (VP recover (NP (NP the Egg King 's) (ADJP $ 3,390 *U*) cost) (PP-TMP in (NP a few months))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ Mr. Maynard) .)) (TOP (S (NP-SBJ Such centrifugal egg breakers) (VP have (VP been (ADJP-PRD around) (PP-TMP since (NP the 1890s)))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Mr. Maynard) (VP came (ADVP-DIR forward) (PP with (NP his machine)) (PP-TMP in (NP the early 1970s)) (ADVP-TMP *T*-1)))) (NP-SBJ (NP nobody) (ADJP else)) (VP was (VP offering (NP them) (PP-LOC in (NP the U.S)))) .)) (TOP (NP (NP The main reason) : (NP salmonella) .)) (TOP (S (NP-SBJ Chickens) (VP carry (NP (NP this bacteria) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP can (VP cause (NP (NP upset stomachs) and (PRN , (PP-LOC in (NP rare cases)) ,) (NP death)) (PP-LOC among (NP people)))))))) .)) (TOP (S (S (NP-SBJ Hens) (ADVP-TMP sometimes) (VP pass (NP salmonella) (PP-DIR to (NP the eggs)))) , and (S (NP-SBJ-1 it) (VP can (ADVP also) (VP be (VP found (NP *-1) (PP-LOC-CLR on (NP unclean shells)))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ (NP any machine) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP breaks (NP (NP large amounts) (PP of (NP eggs))) (ADVP-TMP at once))))) (VP has (NP the potential (S (NP-SBJ *) (VP to (VP spread (NP salmonella))))) (SBAR-ADV if (S (NP-SBJ a bad egg) (VP gets (ADJP-PRD in) (PP with (NP the good ones)))))) .)) (TOP (S (NP-SBJ Mr. Maynard) (VP claims (SBAR 0 (S (NP-SBJ this) (VP is (NP-PRD a manageable problem))))) .)) (TOP (S (NP-SBJ The Egg King) (VP carries (NP written instructions (S (NP-SBJ *) (VP (VP to (VP break (NP (NP only high-grade eggs) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP have (VP been (VP (ADVP-MNR properly) sanitized (NP *-1))))))))) and , (VP (PP as (NP an added precaution)) , to (VP use (NP the eggs) (PP-LOC (ADVP only) in (NP (NP products) (SBAR (WHNP-4 that) (S (NP-SBJ-2 *T*-4) (VP will (VP be (VP cooked (NP *-2) (ADVP enough (S (NP-SBJ *) (VP to (VP kill (NP bacteria)))))))))))))))))) .)) (TOP (S (S-TPC-2 (SBAR-ADV With (S (NP-SBJ (QP nearly 4,000) machines) (PP-PRD in (NP use)))) , (NP-SBJ there) (VP have (VP been (NP-PRD no salmonella problems) (ADVP (ADVP as long) (SBAR as (S (NP-SBJ-1 instructions) (VP were (VP followed (NP *-1))))))))) , (NP-SBJ Mr. Maynard) (VP boasts (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ (NP the handful) (PP of (NP salmonella cases)) (VP involving (NP (NP products) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP may (VP have (VP used (NP (NP eggs) (VP broken (NP *) (PP by (NP-LGS an Egg King)))))))))))) (VP stemmed (PP-DIR-CLR from (NP a failure (S (NP-SBJ *) (VP to (VP (ADVP-MNR adequately) cook (NP the products)))))))))) .)) (TOP (S But (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ that) (VP 's (NP-PRD (NP (ADJP no more) a reason) (PP for (S-NOM (NP-SBJ *) (VP banning (NP Egg Kings)))) (SBAR than (S (NP-SBJ bad drivers) (VP are (NP-PRD (NP a reason) (PP for (S-NOM (NP-SBJ *) (VP banning (NP cars))))))))))))) .)) (TOP (S (NP-SBJ Opponents) (VP do n't (VP buy (NP such arguments))) .)) (TOP (SINV `` (S-TPC-2 (S-ADV (NP-SBJ Human nature) (VP being (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ it) (VP is (NP-PRD *T*-1)))))) , (NP-SBJ people) (VP do n't (ADVP-TMP always) (VP follow (NP instructions)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Jack Guzewich) , (NP (NP chief) (PP of (NP food protection)) (PP for (NP the New York state Health Department)))) .)) (TOP (SINV (VP-TPC-1 Leading (NP (NP the assault) (PP against (NP the Egg King)))) (VP has (VP been (VP *T*-1))) (NP-SBJ United Egg Producers) .)) (TOP (S (NP-SBJ The (NAC-LOC Decatur , Ga. ,) trade group) (VP has (VP issued (NP (NP a `` briefing book '') (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP claims (SBAR (SBAR 0 (S (NP-SBJ the machine) (VP is `` (NP-PRD a health hazard) ''))) and (SBAR that (S (NP-SBJ-2 Mr. Maynard) (VP is (VP trying `` (S (NP-SBJ *-2) (VP to (VP make (NP a fast buck) (PP at (NP (NP the expense) (PP of (NP (NP the nation 's) egg producers)))))))))))))))))) . '')) (TOP (S (S (NP-SBJ-2 The UEP) (VP declines (S (NP-SBJ *-2) (VP to (VP comment))))) , but (S (NP-SBJ (NP (NP the group 's) attorney) , (NP Alfred Frawley) ,) (VP says (SBAR 0 (S (NP-SBJ-1 (NP the group 's) actions) (VP are (VP motivated (NP *-1) (ADVP solely) (PP by `` (NP-LGS health concerns)))))))) . '')) (TOP (S (NP-SBJ An early battleground) (VP was (NP-PRD (NP the U.S. Department) (PP of (NP Agriculture)))) .)) (TOP (S (NP-SBJ Mr. Maynard) (ADVP-TMP initially) (VP won (NP approval) (SBAR-ADV for (S (NP-SBJ-1 his machine) (VP to (VP be (VP used (NP *-1) (PP-LOC at (NP (NP egg-processing facilities) (VP regulated (NP *) (PP by (NP-LGS (NP the USDA 's) Food Safety Inspection Service))))))))))) .)) (TOP (S (ADVP Unfortunately (PP for (NP Mr. Maynard))) , (NP-SBJ (NP (NP another branch) (PP of (NP the USDA))) , (NP the Agricultural Marketing Service) ,) (VP was (PP-PRD in (NP (NP charge) (PP of (NP eggs))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-2) (VP receiving (NP complaints) (PP-DIR from (NP egg producers))))) , (NP-SBJ-2 this branch) (VP got (S (NP-SBJ the other branch) (VP to (VP rescind (NP its approval)))) , (S-ADV (NP-SBJ *-2) (ADVP thus) (VP limiting (NP (NP the machine 's) potential market) (PP-CLR to (NP (NP (NP bakeries) and (NP restaurants) and (NP other establishments)) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP are n't (VP regulated (NP *-3) (PP by (NP-LGS the USDA))))))))))) .)) (TOP (S (NP-SBJ The egg producers) (ADVP also) (VP lobbied (NP the Food and Drug Administration)) .)) (TOP (S But (NP-SBJ the FDA) (PP-LOC in (NP (NP a 1985 letter) (PP to (NP the United Egg Producers)))) (VP said (SBAR that (S (NP-SBJ there) (VP was (NP-PRD `` (NP little likelihood) '' (PP of (NP a health problem))) (ADVP (ADVP as long) (SBAR as (S (NP-SBJ-1 instructions) (VP were (VP followed (NP *-1)))))))))) .)) (TOP (S So (NP-SBJ the producers) (VP went (PP-DIR to (NP (NP Capitol Hill) , (SBAR (WHADVP-1 where) (S (NP-SBJ (NP a congressman) (PP from (NP Georgia))) (VP introduced (NP a measure (S (NP-SBJ *) (VP to (VP ban (NP centrifugal egg-breaking machines))))) (ADVP-LOC *T*-1))))))) .)) (TOP (S (S (NP-SBJ (NP Mr. Maynard) , (SBAR (WHNP-3 whose company) (S (PP-TMP at (NP the time)) (NP-SBJ-1 *T*-3) (VP was (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Santa Ana) , (NP Calif.) ,))))))) (VP enlisted (NP his local congressman))) , and (S (NP-SBJ-2 the battle) (VP was (VP joined (NP *-2)))) .)) (TOP (S (NP-SBJ (NP Mr. Maynard 's) forces) (ADVP-TMP finally) (VP defeated (NP the measure) , (SBAR-ADV though (S (NP-SBJ (NP it) (S *EXP*-3)) (VP took (NP (NP a vote) (PP-LOC on (NP (NP the floor) (PP of (NP (NP the House) (PP of (NP Representatives))))))) (S-3 (NP-SBJ *) (VP to (VP do (NP it)))))))) .)) (TOP (S (ADVP-TMP Even then) , (NP-SBJ-2 opponents) (VP managed (S (NP-SBJ *-2) (VP to (VP get (S (NP-SBJ a congressional hearing) (VP to (VP examine (SBAR-NOM (WHNP-1 what) (S (NP-SBJ one congressman) (VP called (S (NP-SBJ *T*-1) (NP-PRD (NP an `` unscrupulous '' method) (PP for (S-NOM (NP-SBJ *) (VP breaking (NP eggs)))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Foiled (NP *-2) (PP in (NP their effort (S (NP-SBJ *) (VP to (VP get (NP a national ban)))))))) , (NP-SBJ-1 the egg producers) (VP turned (NP-PRD their attention) (PP-DIR to (NP the states))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ-1 (NP New York) , (NP New Jersey) , (NP Nebraska) , (NP Georgia) , (NP Michigan) and (NP Minnesota)) (VP have (VP outlawed (NP (NP Mr. Maynard 's) device) , (S-ADV (NP-SBJ *-1) (VP citing (NP health concerns))))) .)) (TOP (S (NP-SBJ (NP An antitrust suit) (SBAR (WHNP-1 that) (S (NP-SBJ (NP Mr. Maynard 's) company) (VP filed (NP *T*-1) (PP-LOC in (NP Los Angeles federal court)) (PP-CLR against (NP (NP the United Egg Producers) and (NP others))))))) (ADVP only) (VP added (PP-CLR to (NP (NP the entrepreneur 's) woes))) .)) (TOP (S (NP-SBJ The judge) (VP (VP dismissed (NP the suit)) and (VP ordered (NP-1 (NP Mr. Maynard 's) company) (S (NP-SBJ *-1) (VP to (VP pay (NP (NP (QP over $ 100,000) *U*) (PP in (NP legal fees))) (PP-DTV to (NP (NP the defendants ') lawyers))))))) .)) (TOP (S (NP-SBJ Mr. Maynard) (VP says (SBAR 0 (S (NP-SBJ the ruling) (VP pushed (NP his company) (PP-DIR into (NP bankruptcy court)))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ-1 he) (VP has (VP (VP moved (PP-DIR to (NP (NP Oklahoma) (SBAR (WHADVP-2 where) (S (NP-SBJ costs) (VP are (ADJP-PRD lower) (ADVP-LOC *T*-2))))))) , and (VP started (NP (NP (NP a new company) , (NP Adsi Inc.) ,) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP market (NP his machine))))))))) .)) (TOP (S But , (ADVP-TMP so far) , (NP-SBJ (NP the change) (PP of (NP scenery))) (VP has n't (VP ended (NP (NP his string) (PP of (NP bad breaks))))) .)) (TOP (S (NP-SBJ Mr. Maynard) (ADVP-TMP recently) (VP (VP fell (PP-DIR from (NP a horse))) and (VP fractured (NP his arm))) .)) (TOP (S (NP-SBJ Michelle Pfeiffer) (VP ca n't (VP (VP chew (NP gum)) and (VP sing) (PP-TMP at (NP the same time)))) .)) (TOP (S But (PP on (NP (NP the evidence) (PP of `` (NP-TTL The Fabulous Baker Boys)))) , '' (NP-SBJ that) (VP may (VP be (NP-PRD (NP the only thing) (SBAR (WHNP-1 0) (S (NP-SBJ she) (VP ca n't (VP do (NP *T*-1)))))) , (SBAR-TMP (ADVP at least) (WHADVP-2 when) (S (NP-SBJ she) (VP 's (VP acting (PP-LOC in (NP movies)) (ADVP-TMP *T*-2))))))) .)) (TOP (S (PP As (NP (NP the tough , slinky lounge chanteuse) (PP-LOC in `` (NP-TTL The Fabulous Baker Boys)))) , '' (NP-SBJ Ms. Pfeiffer) (VP sings (UCP (PP-CLR for (NP herself)) , and (ADVP-MNR more than passably well))) .)) (TOP (S (NP-SBJ Her Susie Diamond) (VP handles (NP a song) (NP-MNR (NP the way) (SBAR (WHADVP-3 0) (S (NP-SBJ the greats) (VP do (ADVP-MNR *T*-3)))) , (SBAR like (S (S (NP-SBJ she) (VP 's (VP hearing (NP (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ it) (VP should (VP sound (ADVP-MNR *T*-1)))))) (PP-LOC inside (NP her head))))) and (S (NP-SBJ-2 she) (VP 's (VP concentrating (PP-CLR on (S-NOM (NP-SBJ *-2) (VP matching (NP that internal tone))))))))))) .)) (TOP (S Yet (NP-SBJ her intensity) (VP stops and starts (PP with (NP the music))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ she) (VP is n't (VP performing (PP for (NP an audience)) (ADVP-TMP *T*-1))))) , (NP-SBJ-2 she) (VP (VP prepares (PP-CLR for (NP a song)) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP removing (NP (NP the wad) (PP of (NP gum))) (PP-DIR from (NP her mouth)))))) , and (VP indicates (SBAR that (S (NP-SBJ she) (VP 's (VP finished)))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP sticking (NP the gum) (ADVP-DIR back) (PP-DIR in)))))) .)) (TOP (S (PP Like (NP (NP almost everything) (PP-LOC in (NP this (ADJP (ADJP wonderfully romantic) and (ADJP edgy)) movie)))) , (NP-SBJ (NP Ms. Pfeiffer 's) Susie) (VP seems (PP-PRD like (NP (NP someone) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP 've (VP seen (NP *T*-1) (ADVP-TMP before) , (PP-LOC in (NP numerous show-biz stories)))))))) (PRN -LRB- (S (NP-SBJ (NP even her name) , (NP Susie Diamond) ,) (VP sounds (PP-PRD like (NP (NP a character) (SBAR (WHNP-2 0) (S (NP-SBJ Marilyn Monroe) (VP must (VP have (VP played (NP *T*-2)))))))))) -RRB-)) .)) (TOP (S Yet (NP-SBJ (NP (NP nothing) (PP about `` (NP-TTL Baker Boys))) , '' and (ADVP certainly) (NP (NP nothing) (PP about (NP Ms. Pfeiffer))) ,) (ADVP really) (VP is (PP-PRD like (NP (NP something) (PP from (NP the video vault))))) .)) (TOP (S (S (NP-SBJ (NP Steve Kloves) , (NP the young writer and director) (PRN -LRB- (S (NP-SBJ he) (VP is n't (ADVP-TMP yet) (NP-PRD 30))) -RRB-) ,) (VP has (NP (NP (QP only one) produced picture) (PP to (NP his credit))))) ; (S (NP-SBJ he) (VP wrote (NP (NP the screenplay) (PP for (NP `` (S-TTL (NP-SBJ *) (VP Racing (PP With (NP the Moon)))) , '' (NP (NP a lovely coming-of-age picture) (VP set (NP *) (PP-TMP-CLR in (NP the '40s))))))))) .)) (TOP (S (NP-SBJ-1 Both movies) (VP are (VP infused (NP *-1) (PP-CLR with (NP (NP the nostalgic sensibility) (PP of (NP (NP (NP someone) (ADJP much older)) , (NP (NP someone) (SBAR (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP does n't (VP dismiss (NP dreams))))) , but (SBAR (WHNP-3 who) (S (NP-SBJ-4 *T*-3) (ADVP also) (VP has (NP enough experience (S (NP-SBJ *) (VP to (VP see (NP his limits)))))))))))))))) .)) (TOP (S (S (ADVP However) , (NP-SBJ Mr. Kloves) (VP directs (NP his own material) (PP (PP without (NP sentimentality)) and (PP at (NP its own eccentric pace))))) ; (S `` (NP-TTL-SBJ Baker Boys) '' (VP is (ADJP-PRD both bluesy and funny))) .)) (TOP (S (NP-SBJ He) (VP 's (VP put (NP a fresh spin) (PP-PUT on (NP (NP (NP material) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP come (PRT off) (ADJP-PRD terribly cliched)))))) ; (PP for (NP example)) , (NP (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ Susie) (VP wows (NP an audience) (NP-TMP (NP the first time) (SBAR (WHADVP-6 0) (S (NP-SBJ she) (VP sings (PP with (NP the Baker Boys)) (ADVP-TMP *T*-6))))) (ADVP-MNR *T*-2))))))))) .)) (TOP (S (PP Of (NP course)) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP does n't (VP hurt (SBAR-1 that (S (NP-SBJ Mr. Kloves) (VP has (VP made (PRT up) (PP-CLR for (NP (NP his lack) (PP of (NP experience)) (PP-LOC behind (NP the camera)))) (PP with (NP (NP technicians) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP know (SBAR-NOM (WHNP-3 exactly what) (S (NP-SBJ they) (VP 're (VP doing (NP *T*-3)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Much) (PP of (NP (NP the picture 's) sensuality))) (VP emerges (PP-DIR from (NP (NP cinematographer Michael Ballhaus 's) (ADJP slyly seductive) lens work))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-7) (VP working (PP-TMP for (NP years)) (PP (PP with (NP (NP Werner Rainer Fassbinder) , (NP the late German director))) , and (ADVP-TMP more recently) (PP with (NP (NP Martin Scorsese) (PRN -LRB- (NP `` (NP-TTL After Hours) , '' `` (NP-TTL (NP The Color) (PP of (NP Money))) , '' `` (NP-TTL (NP The Last Temptation) (PP of (NP Christ))) '') -RRB-))))))) , (NP-SBJ-7 Mr. Ballhaus) (VP has (VP developed (NP a (ADJP distinctively fluid) style))) .)) (TOP (S And (NP-SBJ (NP Dave Grusin 's) witty score) (VP embraces (NP (NP the banal requirements) (PP of (NP banquet-hall musicianship))) (PRN -LRB- (S `` (NP-SBJ-TTL Feelings) '' (VP is (NP-PRD a must))) -RRB-) (PP without (NP condescension))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ Ms. Pfeiffer) (VP has (NP the flashy part) (PRN -- (S (NP-SBJ-1 she) (VP gets (UCP (NP the best comic bits) and (S (NP-SBJ *-1) (VP to (VP wear (NP glamorous dresses) and (NP spiked heels))))))))))) (NP-SBJ the boys) (VP are (ADJP-PRD pretty great) , (ADVP too)) .)) (TOP (S (NP-SBJ-9 (SBAR-NOM (WHNP-1 What) (S (NP-SBJ *T*-1) (VP seemed (PP-PRD like (NP a good idea))))) , (S (NP-SBJ *) (VP to (VP cast (NP (NP the Bridges brothers) (PRN -LRB- (NP Jeff and Beau) -RRB-)) (PP-CLR as (NP the Baker brothers))))) ,) (ADVP actually) (VP turned (PRT out) (S (NP-SBJ *-9) (VP to (VP be (NP-PRD a good idea))))) .)) (TOP (S (NP-SBJ (NP Anyone) (SBAR (WHNP-3 who) (S (NP-SBJ-10 *T*-3) (VP 's (VP tried (S (NP-SBJ *-10) (VP to (VP appear `` (ADJP-PRD natural) ''))) (PP-LOC in (NP (NP front) (PP of (NP a camera))))))))) (VP knows (SBAR that (S (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (ADJP-PRD (ADVP much more) natural) (S-2 (NP-SBJ-11 *) (VP to (VP end (ADVP-CLR up) (S-CLR (NP-SBJ *-11) (VP looking (PP-PRD like (NP a stiff))))))))))) .)) (TOP (S So (NP-SBJ (NP it) (SBAR *EXP*-3)) (VP 's (ADJP-PRD quite possible) (SBAR-3 (SBAR that (S (NP-SBJ (NP the terrific play) (PP between (NP the brothers))) (VP is n't (ADJP-PRD natural) (ADVP at all)))) , (SBAR that (S (NP-SBJ-12 Jeff and Beau) (VP had (S (NP-SBJ-13 *-12) (VP to (VP work (PP-MNR like (ADJP crazy)) (S-CLR (NP-SBJ *-13) (VP to (VP make (S (NP-SBJ (NP their brotherly love) (PRN -- and (NP resentment and frustration and rage) --)) (VP seem (ADJP-PRD so very real)))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-14 When) (S (NP-SBJ the movie) (VP opens (ADVP-TMP *T*-14)))) (NP-SBJ the Baker brothers) (VP are (VP doing (NP (SBAR-NOM (WHNP-1 what) (S (NP-SBJ they) (VP 've (VP (VP done (NP *T*-1) (PP-TMP-2 for (NP 15 years)) (ADVP-3 professionally)) , and (VP (ADVP-TMP=2 (ADVP twice as long) (PP as (NP that))) (PP=3 for (NP themselves))))))) : (S (NP-SBJ They) (VP 're (VP playing (NP proficient piano) , (ADVP-MNR face-to-face) , (PP-LOC-CLR on (NP twin pianos)))))))) .)) (TOP (S (NP-SBJ They) (VP 're (NP-PRD small time) (PP-LOC in (NP (NP (NP (NP the small time-hotels) (PRN -LRB- not (NP the best ones) -RRB-)) and (NP restaurants)) (PP-4 in (NP Seattle))))) .)) (TOP (S Yet (NP-SBJ-15 they) (VP do n't (VP disparage (NP their audiences) (PP-MNR by (S-NOM (NP-SBJ *-15) (VP disparaging (NP their act)))))) .)) (TOP (S (NP-SBJ They) (VP wear (NP tuxedos) (NP-TMP most nights) , (SBAR-ADV unless (S (NP-SBJ (NP circumstances) (PRN -LRB- (NP (NP a regular gig) (PP-LOC at (NP a `` tropical '' lounge))) , (PP for (NP example)) -RRB-)) (VP require (S (NP-SBJ them) (VP to (VP wear (NP (NP special costumes) , (PP like (NP Hawaiian shirts)))))))))) .)) (TOP (S (NP-SBJ-1 Plump Beau) , (S-ADV (NP-SBJ-2 *-1) (VP looking (ADJP-PRD eager (S (NP-SBJ *-2) (VP to (VP please)))) (PP with (NP his (NX (NX arched eyebrows) and (NX round face)))))) , (VP plays (NP (NP the older brother) , (NP Frank))) .)) (TOP (S (NP-SBJ Frank) (VP (VP plans (NP the program)) , (VP takes (NP-CLR care) (PP-CLR of (NP business))) , and (VP approaches (NP the work) (PP-MNR like (NP any other job)))) .)) (TOP (S (NP-SBJ-16 He) (VP 's (ADVP even) (ADJP-PRD able (S (NP-SBJ *-16) (VP to (VP think (PP-CLR of (NP (NP a job) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP takes (NP him) (ADVP-DIR out (PP of (NP the house))) (NP-TMP (NP 300 nights) (NP-ADV a week))))))) (PP-CLR as (NP an ordinary job))))))) .)) (TOP (S (S (NP-SBJ He) (VP 's (VP got (NP (NP a wife) and (NP two kids) and (NP (NP a house) (PP-LOC in (NP the suburbs))))))) ; (S (NP-SBJ the audience) (VP sees (NP only the house) (FRAG , and (ADVP only) (PP-TMP near (NP (NP the end) (PP of (NP the movie))))))) .)) (TOP (S (NP-SBJ Frank) (VP grovels (NP-ADV a little) (PP-PRP for (NP the bookers)) , (ADVP (ADVP probably no more or less) (SBAR than (S (NP-SBJ-1 he) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP *?*))) (SBAR-ADV if (S (NP-SBJ he) (VP worked (PP-CLR for (NP a big corporation))))))))))) .)) (TOP (S (PP-TMP On (NP his off-hours)) (NP-SBJ he) (VP wears (NP cardigan sweaters)) .)) (TOP (S (S (NP-SBJ Jeff Bridges) (VP is (NP-PRD (NP the younger brother) , (NP Jack) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP fancies (S (NP-SBJ himself) (NP-PRD the rebellious artist)))))))) ; (S (NP-SBJ he) (VP lives (PP-LOC-CLR in (NP a loft)) (PP with (NP (NP his sick dog) and (NP (NP the occasional visit) (PP from (NP (NP (NP the little girl) upstairs) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP climbs (PP-DIR down (NP the fire escape)))))))))))) .)) (TOP (S (S Yet (NP-SBJ Jack) (VP 's (NP-PRD (NP the one) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP can (VP remember (UCP (NP (NP every dive) (SBAR (WHNP-2 0) (S (NP-SBJ they) (ADVP-TMP ever) (VP played (NP *T*-2))))) , and (FRAG (WHADVP when)))))))))) , and (S (NP-SBJ he) (VP (ADVP-MNR dutifully) shows (PRT up) (PP-CLR for (NP work)) (NP-TMP (NP night) (PP after (NP night))) (PRN -LRB- (S (NP-SBJ-18 he) (VP consoles (NP himself) (PP (PP with (NP booze)) and (PP-MNR by (S-NOM (NP-SBJ *-18) (VP showing (PRT up) (PP-TMP at (NP the last minute)))))))) -RRB-))) .)) (TOP (S (S-ADV (NP-SBJ *-19) (VP Looking (ADJP-PRD (ADJP leaner) (SBAR than (S (NP-SBJ he) (VP has (VP *?* (PP-TMP in (NP a while))))))))) , (NP-SBJ-19 the (NP younger Mr. Bridges 's) Jack) (VP is (UCP-PRD (ADJP sexy and cynical) and (NP (NP a (ADJP far sadder) case) (PP than (NP (NP Frank) , (SBAR (WHNP-1 who) (S (NP-SBJ-20 *T*-1) (VP 's (VP managed (S (NP-SBJ-3 *-20) (VP to (VP chisel (NP-2 his dreams) (S-CLR (NP-SBJ *-2) (VP to (VP fit (NP reality)))) (PP without (S-NOM (NP-SBJ *-3) (VP feeling (ADJP-PRD too cheated)))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP can (VP live (PP with (NP little pleasures)))) .)) (TOP (S (NP-SBJ Mr. Kloves) (VP has (VP put (ADVP-CLR together) (NP some priceless moments))) .)) (TOP (S (NP-SBJ These) (VP include (NP (NP Jennifer Tilly 's) audition (S (NP-SBJ *) (VP to (VP be (NP-PRD (NP the Baker Boys ') girl singer)))))) .)) (TOP (S (NP-SBJ (NP Ms. Tilly) (PP of (NP the tweety-bird voice))) (VP showed (NP great comic promise) (PP-TMP during (NP (NP her stint) (PP as (NP (NP the mobster 's) girlfriend)) (PP-LOC on (NP (NP the television show) , `` (NP-TTL Hill Street Blues)))))) . '')) (TOP (S (ADVP-LOC Here) (NP-SBJ she) (VP delivers , (PP-TMP (ADVP especially) during (NP (NP her (ADJP enthusiastically awful) rendition) (PP of (NP (NP the `` (NX-TTL Candy Man)) , '' (SBAR (WHNP-2 which) (S (NP-SBJ-21 she) (VP sings (NP *T*-2) (SBAR-TMP while (S (NP-SBJ *-21) (VP prancing (ADVP-CLR around) (PP-LOC in (NP (NP a little (ADJP cotton candy pink) angora sweater) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could n't (VP be (ADJP-PRD more perfect)))))))))))))))))) .)) (TOP (S -LRB- (NP-SBJ It) (VP matches (NP her voice)) . -RRB-)) (TOP (S And (NP-SBJ (NP (NP (NP Ms. Pfeiffer 's) particular version) (PP of `` (S-TTL (NP-SBJ *) (VP Making (NP Whoopee))) '')) (PRN -- and (NP (NP the way) (SBAR (WHADVP-22 0) (S (NP-SBJ Mr. Ballhaus) (VP photographs (NP her) (ADVP-MNR *T*-22) , (PP from (NP (NP the tips) (PP of (NP her red high heels)))) (PP (ADVP right) up (NP her clingy red velvet dress)))))) --)) (VP might (VP make (S (NP-SBJ you) (VP think (PP-CLR of (NP Marilyn Monroe)))) (SBAR-ADV if (S (NP-SBJ Ms. Pfeiffer) (VP had n't (VP (VP gone) and (VP become (NP-PRD (NP a star) (PP in (NP her own right)))))))))) .)) (TOP (NP-HLN VIDEO TIP :)) (TOP (S (SBAR-ADV If (S (S (NP-SBJ-23 you) (VP 'd (VP like (S (NP-SBJ *-23) (VP to (VP see (NP (NP the first time) (SBAR (WHADVP-24 0) (S (NP-SBJ Michelle Pfeiffer) (VP sang (PP-LOC on (NP screen)) (ADVP-TMP *T*-24))))))))))) , and (S (NP-SBJ you) (VP have (NP (NP a lot) (PP of (NP patience))))))) , (NP-SBJ *) (VP take (NP a look) (PP-CLR at `` (NP-TTL Grease 2))) . '')) (TOP (S (NP-SBJ You) (VP 'll (VP find (NP her) (ADVP-LOC there))) .)) (TOP (S (ADVP Better yet) , (NP-SBJ *) (VP check (PRT out) (NP (NP the emergence) (PP of (NP her comic persona)) (PP-LOC in (NP `` (S-TTL (NP-SBJ-1 *) (VP Married (NP *-1) (PP-CLR to (NP the Mob)))) , '' (NP (NP Jonathan Demme 's) delightful Mafia comedy))))) .)) (TOP (S (NP-SBJ-1 International Proteins Corp.) (VP (ADVP-MNR definitively) agreed (S (NP-SBJ *-1) (VP to (VP pay (NP (NP (QP $ 49 million) *U*) and (NP (NP 2,850,000) (PP of (NP its shares)))) (PP for (NP (NP Hanson PLC 's) Ground Round restaurant subsidiary)))))) .)) (TOP (S (NP-SBJ (NP Shareholders) (PP of (NP (NP International Proteins) , (NP a food and agriproducts company) ,))) (VP will (VP vote (PP-CLR on (NP the transaction)) (PP-TMP at (NP a meeting)) (NP-TMP late next month))) .)) (TOP (S (NP-SBJ Hanson) (VP is (NP-PRD (NP a London producer) (PP of (NP (UCP consumer and other) goods)))) .)) (TOP (S (NP-SBJ International Proteins shares) (VP did n't (VP trade (NP-TMP yesterday) (PP-LOC on (NP the American Stock Exchange)))) .)) (TOP (S (NP-SBJ They) (VP closed (NP-TMP Tuesday) (PP-LOC in (NP composite trading)) (PP-CLR at (NP $ 13.625 *U*)) , (ADVP down (NP 37.5 cents)) , (S-ADV (NP-SBJ *) (VP giving (NP (NP the stock portion) (PP of (NP the transaction))) (NP (NP an indicated value) (PP of (NP (QP $ 38.8 million) *U*)))))) .)) (TOP (S (NP-SBJ-1 Control Data Corp.) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP (NP its idle supercomputer manufacturing plant) (ADVP-LOC here)) (PP-DTV to (NP Minnesota Mining & Manufacturing Co.)) (PP-CLR for (NP (QP $ 5.8 million) *U*)))))) .)) (TOP (S (NP-SBJ The tentative agreement) (VP calls (SBAR-CLR for (S (NP-SBJ 3M) (VP to (VP use (NP (NP the 115,000-square-foot plant) and (NP (NP 19 acres) (PP of (NP land)))) (PP-CLR for (NP research laboratories))))))) .)) (TOP (S (NP-SBJ Control Data) (VP has (VP been (VP seeking (NP (NP a buyer) (PP for (NP the facility))) (SBAR-TMP since (S (NP-SBJ it) (VP folded (NP its ETA Systems Inc. supercomputer unit) (NP-TMP this past April))))))) .)) (TOP (S (NP-SBJ-1 General Dynamics Corp.) (VP was (VP awarded (NP *-1) (NP (NP contracts) (VP totaling (NP (QP $ 589 million) *U*)) (PP (PP for (NP one Navy Trident submarine)) and (PP for (NP (NP Air Force research) (PP-LOC on (NP the National Aerospace plane)))))))) .)) (TOP (S (NP-SBJ Grumman Corp.) (VP won (NP (NP a (ADJP (QP $ 58.9 million) *U*) Navy contract) (PP for (NP 12 F-14 aircraft)))) .)) (TOP (S (NP-SBJ-1 Raytheon Co.) (VP was (VP issued (NP *-1) (NP (NP a (ADJP (QP $ 19.2 million) *U*) Air Force contract) (PP for (NP (NP support) (PP of (NP the Milstar communications satellite))))))) .)) (TOP (S (NP-SBJ McDonnell Douglas Corp.) (VP got (NP (NP a (ADJP (QP $ 12.5 million) *U*) Air Force contract) (PP for (NP (NP support work) (PP-LOC on (NP the National Aerospace plane)))))) .)) (TOP (S (NP-SBJ-1 Denis C. Smith) (VP was (VP named (NP *-1) (PP-CLR to (NP (NP the new post) (PP of (NP (NP vice president) (PP of (NP world-wide advanced materials operations)) (PP for (NP this chemicals concern)))))))) .)) (TOP (S (NP-SBJ (NP Mr. Smith) , (ADJP (NP 50 years) old) ,) (VP was (ADVP-TMP formerly) (ADJP-PRD responsible (PP for (NP (NP advanced materials) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP include (NP (NP plastic composites) and (NP alloys)))))))) , (PP-LOC in (NP (NP North America) (ADVP only)))) .)) (TOP (S (NP-SBJ Himont) (VP is (ADJP-PRD 81%-owned (PP by (NP (NP Montedison S.p . A.) (PP of (NP (NP Milan) , (NP Italy))))))) .)) (TOP (S (NP-SBJ Galveston-Houston Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP redeem (NP (NP all 3,950 shares) (PP of (NP its (ADJP privately held) (ADJP 6.5 %) convertible Series C preferred stock))) (NP-TMP Nov. 8)))))) .)) (TOP (S (NP-SBJ Holders) (VP can (VP either (VP convert (NP each share) (PP-CLR into (NP (NP 421 shares) (PP of (NP (NP the company 's) common stock))))) , or (VP surrender (NP their shares) (PP at (NP (NP (NP the per-share price) (PP of (NP $ 1,000 *U*))) , plus (NP (NP accumulated dividends) (PP of (NP (NP $ 6.71 *U*) (NP-ADV a share))))))))) .)) (TOP (S (NP-SBJ Galveston-Houston) (VP makes and markets (NP (NP products) (PP for (NP the construction , mining and energy industries)))) .)) (TOP (S (NP-SBJ (NP Bank Building & Equipment Corp.) (PP of (NP America)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP previously) (VP said (SBAR 0 (S (NP-SBJ (NP accounting discrepancies) (SBAR (WHNP-2 0) (S (NP-SBJ its auditors) (VP uncovered (NP *T*-2))))) (VP would (VP (VP hurt (NP earnings)) and (VP require (NP (NP restatement) (PP of (NP earlier results))))))))))) ,) (VP (VP increased (NP (NP its projections) (PP of (NP the negative fiscal impact)))) , and (VP said (SBAR 0 (S (NP-SBJ it) (VP was (VP exploring (NP (NP the company 's) sale))))))) .)) (TOP (S (NP-SBJ (NP Bank Building) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP builds and equips (NP banks)))) ,) (VP had (VP announced (SBAR 0 (S (NP-SBJ it) (VP would (VP restate (NP (NP the first-three quarters) (PP of (NP (NP this fiscal year) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP ends (NP-TMP Oct. 31))))))))))))) .)) (TOP (S (PP-TMP On (NP Oct. 5)) , (NP-SBJ the company) (VP estimated (SBAR 0 (S (NP-SBJ (NP after-tax effects) (PP on (NP (NP the year 's) earnings))) (VP would (VP be (NP-PRD (QP `` at least '' $ 1.3 million) *U*)))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ (NP the negative after-tax effect) (PP on (NP (NP earnings) (PP for (NP the year))))) (VP will (VP be (NP-PRD (QP about $ 3.3 million) *U*)))))) .)) (TOP (S (PP For (NP (NP the nine months) (VP ended (NP-TMP July 31)))) , (NP-SBJ Bank Building) (VP had (NP (NP a net loss) (PP of (NP (QP $ 1 million) *U*))) , (PP on (NP (NP revenue) (PP of (NP (QP $ 66.5 million) *U*))))) .)) (TOP (S (NP-SBJ (NP Bank Building) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP expects (S (NP-SBJ *-2) (VP to (VP report (NP a fourth-quarter loss))))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP engaged (NP (NP advisers) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to `` (VP explore (NP (NP financial alternatives) (PP for (NP the company)) (PP including (NP (NP the possible sale) (PP of (NP (NP the company) or (NP (NP (QP one or more)) (PP of (NP its units))))))))))))))))) . '')) (TOP (S (S (NP-SBJ Company auditors) (VP are (VP continuing (NP their review)))) , and (S (NP-SBJ final restated figures) (VP are n't (ADVP-TMP yet) (ADJP-PRD available))) .)) (TOP (S (NP-SBJ Bank Building) (ADVP-TMP earlier) (VP said (SBAR 0 (S (NP-SBJ-1 the restatement) (VP is (VP necessitated (NP *-1) (PP by (NP-LGS `` (NP certain errors) (PP in (S-NOM (NP-SBJ *) (VP recording (NP receivables and payables)))) '' (PP-LOC at (NP its Loughman Cabinet division))))))))) .)) (TOP (S (NP-SBJ-1 (NP That division 's) manager) (VP has (VP been (VP fired (NP *-1)))) .)) (TOP (S (PP-LOC In (NP American Stock Exchange composite trading)) , (NP-SBJ Bank Building) (VP closed (PP-CLR at (NP (NP $ 4 *U*) (NP-ADV a share))) , (ADVP down (NP 62.5 cents))) .)) (TOP (S (NP-SBJ-1 (NP Gen. Paul X. Kelley) , (NP (NP retired commandant) (PP of (NP the U.S. Marine Corps))) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP this plastics , specialty materials and aerospace concern)))) , (S-ADV (NP-SBJ *-1) (VP succeeding (NP (NP Jewel Lafontant) , (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP resigned (S-PRP (NP-SBJ *-3) (VP to (VP accept (NP a government position)))))))))))) .)) (TOP (NP-HLN (NP Rep. Mary Rose Oakar) (PRN -LRB- (NP D.) , (NP-LOC Ohio) -RRB-) (PP-LOC at (NP (NP (NP last week 's) hearings) (PP on (NP (NP irregularities) (PP-LOC in (NP programs)) (PP-LOC at (NP (NP the Department) (PP of (NP (UCP Housing and Urban) Development)))))))) :)) (TOP (S (NP-SBJ-1 I) (VP do n't (VP want (S (NP-SBJ-2 *-1) (VP to (VP feel (ADJP-PRD guilty) (S-ADV (NP-SBJ *-2) (VP representing (NP my constituents)))))))) .)) (TOP (S And (SBAR-ADV if (S (NP-SBJ I) (VP think (SBAR that (S (NP-SBJ (NP some people) -LCB- (PP on (NP (NP HUD Secretary Jack Kemp 's) -RCB- staff))) (VP are (ADJP-PRD off base) (PP in (NP (NP terms) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ they) (VP 're (VP evaluating (NP (NP certain things) (VP affecting (NP my hometown))) (PP *T*-1))))))))))))) , (NP-SBJ-2 I) (VP have (S (NP-SBJ *-2) (VP to (VP tell (NP you) (NP (NP something) -- (S (NP-SBJ-3 I) (VP 'm not (VP going (S (NP-SBJ *-3) (VP to (VP take (NP it)))))))))))) .)) (TOP (S (NP-SBJ I) (VP think (SBAR that (S (NP-SBJ-2 I) (VP 'm (VP elected (NP-3 *-2) (S-CLR (NP-SBJ *-3) (VP to (VP represent (NP (NP the people) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP sent (NP me) (ADVP-DIR here))))))))))))) .)) (TOP (S And (NP-SBJ (NP one) (PP of (NP our charges))) (VP is (S-PRD (NP-SBJ *) (VP to (VP be (NP-PRD an ombudsman) (PP for (NP our area)))))) .)) (TOP (S And (SBAR-ADV if (S (NP-SBJ we) (VP 're not (NP-PRD ombudsman) (PP for (NP our area))))) , (NP-SBJ-2 we) (VP ought (S (NP-SBJ-1 *-2) (VP to (VP be (VP thrown (NP *-1) (ADVP-DIR out (PP of (NP office)))))))) .)) (TOP (S (PP On (NP the other hand)) , (SBAR-ADV if (S (NP-SBJ we) (VP 're (VP asking (PP-CLR for (NP (NP something) (UCP (ADJP unreasonable) or (ADJP unethical) and (ADVP so on)))))))) , (ADVP then) (NP-SBJ that) (VP 's (NP-PRD a (ADJP whole different) story)) .)) (TOP (S But (SBAR-ADV if (S (S (NP-SBJ I) (VP feel (SBAR that (S (NP-SBJ there) (VP are (NP-PRD (NP situations) (SBAR (WHADVP where) (S (NP-SBJ-1 I) (VP 'm (VP trying (S (NP-SBJ *-1) (VP to (VP get (NP housing) (PP for (NP our area)) (PRN -- (SBAR (WHNP-2 whatever) (S (NP-SBJ-3 it) (VP happens (S (NP-SBJ *-3) (VP to (VP be (NP-PRD *T*-2))))))) --)))))))))))))) and (S (NP-SBJ-4 I) (VP have (S (NP-SBJ *-4) (VP to (VP feel (SBAR that (S (NP-SBJ I) (VP ca n't (ADVP even) (VP ask (NP a question)))))))))))) , (NP-SBJ-5 I) (VP 've (VP got (S (NP-SBJ *-5) (VP to (VP tell (NP you) , (SBAR 0 (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ that) (VP 's (ADJP-PRD outrageous)))))))))))) . .)) (TOP (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ (NP these regulations) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP prohibit (NP well-operated programs) (PP-LOC in (NP (NP areas) (PP-LOC across (NP this country))))))))) (VP would (VP be (ADJP-PRD wrong (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP change (NP *T*-2))))))))))) ... .)) (TOP (S (NP-SBJ-1 I) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP see (NP (NP some guidelines change) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP 's (VP going (S (NP-SBJ *-3) (VP to (VP inhibit (NP (NP my city 's) opportunity (S (NP-SBJ *) (VP to (VP use (NP its money)))))))))))))))))) .)) (TOP (S (NP-SBJ The Chicago Mercantile Exchange) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP fined (NP Capcom Futures Inc.) (NP $ 500,000 *U*)) and (VP accepted (NP (NP its withdrawal) (PP from (NP membership)))) (PP as (NP (NP part) (PP of (NP (NP a settlement) (PP of (NP (NP disciplinary actions) (PP against (NP the firm)))))))))))) .)) (TOP (S (NP-SBJ Capcom Futures) (VP is (NP-PRD (NP a Chicago subsidiary) (PP of (NP (NP Capcom Financial Services Ltd.) , (NP (NP a London financial firm) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP was (VP implicated (NP *-1) (NP-TMP last year) (PP-LOC in (NP a scheme (S (NP-SBJ *) (VP to (VP launder (NP drug money))))))))))))))) .)) (TOP (S (NP-SBJ The case) (VP is (ADJP-PRD pending)) .)) (TOP (S (NP-SBJ-1 The firm) (VP was (VP indicted (NP *-1) (PP-LOC in (NP (NP Tampa) , (NP Fla.) ,)) (PP on (NP money-laundering charges)))) .)) (TOP (S (PP-TMP In (NP June)) , (NP-SBJ (NP the Chicago Board) (PP of (NP Trade))) (VP said (SBAR 0 (S (NP-SBJ it) (VP suspended (NP Capcom Financial))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The Capcom Futures unit) (VP withdrew (PP-DIR from (NP (NAC Board (PP of (NP Trade))) membership)) (ADVP-MNR voluntarily) (PP-TMP in (NP August)))) , (NP-SBJ a (NAC Board (PP of (NP Trade))) spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-2 Capcom Futures) , (SBAR-ADV while (S (NP-SBJ *-2) (VP neither admitting nor denying (NP the Merc charges)))) , (VP said (PP-LOC in (NP a statement)) (SBAR (SBAR that (S (NP-SBJ the Merc charges) (VP were `` (ADJP-PRD technical (PP in (NP nature))) ''))) and (SBAR that `` (S (NP-SBJ-1 no customers) (VP were (VP hurt (NP *-1) '' (PP-PRP as (NP (NP a result) (PP of (NP (NP the violations) (VP cited (NP *) (PP by (NP-LGS the Merc))))))))))))) .)) (TOP (S (NP-SBJ The Merc) (VP alleged (SBAR that , (S (PP-LOC among (NP other things)) , (PP-TMP (PP from (NP April 1987)) (PP through (NP October 1988))) (NP-SBJ-1 Capcom Futures) (VP failed (S (NP-SBJ *-1) (VP to (VP document (NP (NP trades) (PP between (NP (NP Capcom Futures) and (NP (NP people or entities) (VP (ADVP-MNR directly or indirectly) controlled (NP *) (PP-LGS by (NP Capcom Futures shareholders)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Frederick W. Lang) , (ADJP (NP 65 years) old) , (NP (NP the founder) (PP of (NP this software services concern))) ,) (VP was (VP elected (NP *-1) (PP-CLR to (NP (NP the new post) (PP of (NP chairman)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADVP-TMP Formerly) (NP-PRD president and treasurer)) , (NP-SBJ-1 Mr. Lang) (VP remains (NP-PRD chief executive officer)) .)) (TOP (S (NP-SBJ (NP Victor C. Benda) , (NP 58) , (ADVP formerly) (NP executive vice president) ,) (VP (VP succeeds (NP Mr. Lang) (PP-CLR as (NP president))) and (VP becomes (NP-PRD (NP chief operating officer) , (NP a new post)))) .)) (TOP (S (NP-SBJ-1 (NP Maurice Warren) , (NP 56-year-old group managing director) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP chief executive officer) (PP of (NP this food and agriculture group)))))) .)) (TOP (S (NP-SBJ (NP The post) (PP of (NP chief executive))) (VP has (VP been (ADJP-PRD vacant) (PP-TMP since (NP (NP July) (SBAR (WHADVP-1 when) (S (NP-SBJ (NP Terry Pryce) , (NP 55) ,) (VP left (NP the company) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ Money-market mutual fund assets) (VP grew (PP at (NP (QP nearly three times) their usual rate)) (PP-TMP in (NP the latest week)) , (SBAR-TMP as (S (NP-SBJ investors) (VP opted (PP-CLR for (NP (NP safety) (CONJP instead of) (NP the stock market))))))) .)) (TOP (S (NP-SBJ Money-fund assets) (VP soared (NP-EXT (QP $ 4.5 billion) *U*) (PP-TMP in (NP (NP the week) (VP ended (NP-TMP Tuesday)))) , (PP-DIR to (NP a record (QP $ 348.4 billion) *U*)) , (PP according (PP to (NP (NP (NP IBC/Donoghue 's) Money Fund Report) , (NP a (ADJP Holliston , Mass.-based) newsletter))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP were (VP expecting (NP it) , (PP-TMP following (NP (NP the fall) (PP of (NP the Dow)) (NP-TMP Friday)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Brenda Malizia Negus) , (NP (NP editor) (PP of (NP Money Fund Report)))) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD (NP the proverbial flight) (PP to (NP safety)))) . '')) (TOP (S (PP Despite (NP (NP recent declines) (PP-LOC in (NP interest rates)))) , (NP-SBJ-1 money funds) (VP continue (S (NP-SBJ *-1) (VP to (VP offer (NP (NP better yields) (PP than (NP other comparable investments))))))) .)) (TOP (S (NP-SBJ (NP The average seven-day compound yield) (PP on (NP (NP the 400 taxable funds) (VP tracked (NP *) (PP by (NP-LGS IBC/Donoghue 's)))))) (VP was (NP-PRD 8.55 %) (PP-TMP in (NP the latest week)) , (ADVP down (PP from (NP 8.60 %)))) .)) (TOP (S (NP-SBJ Compound yields) (VP assume (UCP (NP (NP reinvestment) (PP of (NP dividends))) and (SBAR that (S (NP-SBJ current yields) (VP continue (PP-TMP for (NP a year))))))) .)) (TOP (S (S (NP-SBJ (NP Most short-term certificates) (PP of (NP deposit))) (VP are (VP yielding (NP (QP about 8) % (QP or less)) (PP-LOC at (NP major banks))))) , and (S (NP-SBJ (NP the yields) (PP on (NP (NP Treasury bills) (VP sold (NP *) (PP-LOC at (NP (NP Monday 's) auction)))))) (VP fell (PP-DIR to (NP (NP (NP 7.61 %) (PP for (NP three months))) and (NP (NP 7.82 %) (PP for (NP six months))))))) .)) (TOP (S-2 (NP-SBJ-1 Money-fund assets) (VP have (VP been (VP rising (PP at (NP (NP an average rate) (PP of (NP (NP (QP $ 1.6 billion) *U*) (NP-ADV a week))))) (PP-TMP in (NP recent months)) (PRN , (S (NP-SBJ Ms. Negus) (VP said (SBAR 0 (S *T*-2)))) ,) (S-ADV (NP-SBJ *-1) (VP reflecting (NP the (ADJP relatively high) yields)))))) .)) (TOP (S (PP-TMP In (NP the latest week)) , (NP-SBJ (NP funds) (ADJP open (PP to (NP (NP institutions) (ADVP alone))))) (VP grew (PP-EXT by (NP (QP $ 1.8 billion) *U*))) .)) (TOP (S (NP-SBJ Some fund managers) (VP say (SBAR 0 (S (NP-SBJ inflows) (VP could (VP increase (PP-TMP in (NP coming days)) (PP-PRP as (NP (NP a result) (PP of (NP (NP stock selling) (PP-TMP in (NP (NP the wake) (PP of (NP (NP (NP Friday 's) (ADJP 190.58 point) drop) (PP-LOC in (NP the Dow Jones Industrial Average))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-ADV If (S (NP-SBJ you) (VP 're (VP selling (NP equities))))) , (NP-SBJ-3 you) (VP do n't (VP start (S (NP-SBJ *-3) (VP getting (NP proceeds))) (PP-TMP for (NP (QP five to seven) days))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Frank Rachwalski) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP manages (NP the Kemper Money Market Fund))))) .)) (TOP (S (NP-SBJ (NP Neal Litvack) , (NP (NP marketing vice president) (PP for (NP Fidelity Investments))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP inflows) (NP-TMP Friday) (PP into (NP (NP Fidelity 's) Spartan and Cash Reserves money-market funds))) (VP were (NP-PRD (QP about twice) normal levels) , (PP with (S-NOM (NP-SBJ about half) (VP coming (PP-DIR from (NP (UCP equity and junk-bond) funds))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Monday and Tuesday) `` (VP were (ADJP-PRD lackluster) (PP in (NP comparison)))) , '' (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 People) (VP are n't (ADVP necessarily) (VP running (S-CLR (NP-SBJ *-2) (ADJP-PRD scared))))) , '' (NP-SBJ Mr. Litvack) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ They) (VP 're (VP maintaining (NP (NP their attitude) (PP toward (NP investing)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP leaned (PP-DIR toward (NP the conservative)) (ADVP-TMP recently)))))))) . '')) (TOP (S (NP-SBJ-1 Money-fund yields) (VP tend (S (NP-SBJ *-1) (VP to (VP lag (NP interestrate trends) (SBAR-TMP as (S (NP-SBJ-2 portfolio managers) (VP adjust (NP (NP the maturities) (PP of (NP (NP their investments) (PRN -- (NP (NP short-term Treasury securities) , (NP commercial paper) and (NP the like)) --)))) (S-PRP (NP-SBJ *-2) (VP to (VP capture (NP the highest yields))))))))))) .)) (TOP (S (NP-SBJ Maturities) (ADVP-TMP usually) (VP (VP are (ADJP-PRD-3 shorter) (SBAR-TMP-4 (WHADVP-1 when) (S (NP-SBJ rates) (VP are (VP rising (ADVP-TMP *T*-1)))))) and (VP (ADJP-PRD=3 longer) (SBAR-TMP=4 (WHADVP-2 when) (S (NP-SBJ they) (VP are (VP falling (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ (NP The average maturity) (PP of (NP (NP the funds) (VP tracked (NP *) (PP by (NP-LGS IBC/Donoghue 's)))))) (VP remained (PP-LOC-PRD at (NP 38 days)) (PP-TMP for (NP the third consecutive week))) .)) (TOP (S (NP-SBJ It) (VP (VP was (ADJP-PRD (ADJP as short) (PP as (NP 29 days))) (PP-TMP at (NP (NP the start) (PP of (NP this year)) , (SBAR (WHADVP-1 when) (S (NP-SBJ rates) (VP were (VP marching (ADVP-MNR steadily) (ADVP-DIR upward) (ADVP-TMP *T*-1)))))))) , and (VP hit (NP 42 days) (PP-TMP in (NP August)))) .)) (TOP (S (NP-SBJ (NP The average seven-day simple yield) (PP of (NP the funds))) (VP fell (PP-DIR to (NP 8.21 %)) (NP-TMP this week) (PP-DIR from (NP 8.26 %))) .)) (TOP (S (S (NP-SBJ The average 30-day simple yield) (VP was (NP-PRD 8.26 %) , (PP compared (PP with (NP 8.27 %) (NP-TMP the week before))))) , and (S (NP-SBJ the 30-day compound yield) (VP slid (PP-DIR to (NP 8.60 %)) (PP-DIR from (NP 8.61 %)))) .)) (TOP (S (NP-SBJ Some funds) (VP are (VP posting (NP (NP yields) (ADJP (ADJP far higher) (PP than (NP the average)))))) .)) (TOP (S (NP-SBJ (NP The (ADJP highest yielding) taxable fund) (NP-TMP this week)) (VP was (NP-PRD (NP Harbor Money Market Fund) , (PP with (NP (NP a seven-day compound yield) (PP of (NP 12.75 %)))))) .)) (TOP (S (NP-SBJ That) (VP included (NP (NP capital gains) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were (VP passed (NP *-1) (ADVP-CLR along) (PP-DIR to (NP customers)))))))) .)) (TOP (S (PP-LOC Among (NP the other high-yielding funds)) , (NP-SBJ (NP Fidelity 's) Spartan Fund) (VP had (NP (NP a seven-day compound yield) (PP of (NP 9.33 %))) (PP-TMP in (NP the latest week))) .)) (TOP (S (NP-SBJ (NP The seven-day compound yield) (PP of (NP the Dreyfus Worldwide Dollar Fund))) (VP was (NP-PRD 9.51 %)) .)) (TOP (FRAG (SBAR (WHNP-1 whose Della Femina McNamee WCRS agency) (S (NP-SBJ *T*-1) (VP created (NP (NP liar Joe Isuzu) , (PP-LOC among (NP others)))))) -- (VP announced (NP (NP a massive restructuring) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP (VP (ADVP largely) removes (NP it) (PP-DIR from (NP the advertising business))) and (VP includes (S (NP-SBJ *-3) (VP selling (NP (NP the majority) (PP of (NP its advertising unit))) (PP-DTV to (NP Paris-based Eurocom)))))))))) .)) (TOP (S (NP-SBJ (NP The complex restructuring) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP was (ADVP-TMP long) (VP expected (NP *-2))))) ,) (VP transforms (NP London-based WCRS) (PP-CLR from (NP (NP primarily a creator) (PP of (NP advertising)))) (PP-CLR into (NP (NP one) (PP of (NP (NP (NP Europe 's) largest buyers) (PP of (NP advertising time and space))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP creates (NP (NP a (ADJP newly merged) world-wide ad agency) (VP (VP controlled (NP *) (PP by (NP-LGS Eurocom))) and (VP headed (NP *) (ADVP-MNR jointly) (PP by (NP-LGS (NP New York ad man Jerry Della Femina) and (NP two top WCRS executives))))))) .)) (TOP (NP (NP (NP The merged agency 's) (ADJP admittedly ambitious) goal) : (S (NP-SBJ-2 *) (VP to (VP become (NP-PRD (NP one) (PP of (NP (NP the world 's) 10 largest agencies))) , (SBAR-ADV while (S (NP-SBJ *-2) (VP attracting (NP (NP more multinational clients) (PP than (SBAR (WHNP-1 0) (S (NP-SBJ-3 the agencies) (VP were (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP attract (NP *T*-1))))) (ADVP alone)))))))))))) .)) (TOP (S (NP-SBJ (NP WCRS 's) restructuring) (VP reflects (NP (NP the growing importance) (PP of (NP media buying)) (PP-LOC in (NP (NP Europe) , (SBAR (WHADVP where) (S (NP-SBJ (NP the only way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP get (NP (NP a good price) (PP on (NP advertising time and space))) (ADVP-MNR *T*-1)))))) (VP is (S-PRD (NP-SBJ *) (VP to (VP buy (NP it) (PP-MNR in (NP bulk)))))))))))) .)) (TOP (S (PP For (NP Eurocom)) , (ADVP-TMP meanwhile) , (NP-SBJ the move) (VP (VP gives (NP it) (NP (NP a strong U.S. foothold) (PP-LOC in (NP Della Femina)))) , and (VP (ADVP more than) quadruples (NP (NP the size) (PP of (NP (NP its ad agency business) (ADVP-LOC world-wide)))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP gives (NP (NP the outspoken Mr. Della Femina) (PRN -- (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP often) (VP generates (NP (NP (ADJP as much) publicity) (PP for (NP himself)) (PP as (PP for (NP his clients))))))) --)) (NP (NP an international platform) (SBAR (WHNP-2 that) (S (NP-SBJ-3 he) (ADVP most certainly) (VP wo n't (VP be (ADJP-PRD loath (S (NP-SBJ *-3) (VP to (VP use (NP *T*-2))))))))))) .)) (TOP (S (PP According (PP to (NP terms))) , (NP-SBJ WCRS) (VP will (VP pay (NP (NP (QP 2.02 billion) French francs) (PRN -LRB- (NP (QP $ 318.6 million) *U*) -RRB-)) (PP for (NP (NP the 50 %) (SBAR (WHNP-3 0) (S (NP-SBJ it) (VP does n't (ADVP-TMP already) (VP own (NP *T*-3))))) (PP of (NP (NP Carat Holding S.A.) , (NP (NP one) (PP of (NP (NP Europe 's) largest media buyers))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-2 (NP Eurocom) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP held (NP (NP 20 %) (PP of (NP (NP WCRS 's) ad unit))))))) ,) (VP will (VP pay (NP (NP (QP # 43.5 million) *U*) (PRN -LRB- (NP $ 68.5 million *U*) -RRB-)) (S-PRP (NP-SBJ *-2) (VP to (VP raise (NP its stake) (PP-DIR to (NP 60 %))))))) .)) (TOP (S (NP-SBJ That price) (ADVP also) (VP covers (S (NP-SBJ Eurocom) (VP raising (PP-DIR to (NP 60 %)) (NP (NP its (ADJP 51 %) stake) (PP-LOC in (NP (NP (NP Europe 's) Belier Group) , (NP (NP a joint venture ad agency network) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP owns (NP *T*-1) (PP with (NP WCRS)))))))))))) .)) (TOP (S (NP-SBJ Eurocom) (VP will (ADVP also) (VP have (NP the right (S (NP-SBJ *) (VP to (VP buy (NP (NP the remaining 40 %) (PP of (NP the merged ad agency group))) (PP-TMP in (NP six years)))))))) .)) (TOP (S (NP-SBJ The transaction) (VP places (NP the three executives) (PP-LOC-CLR (ADVP squarely) at (NP (NP the helm) (PP of (NP (NP a major agency) (PP with (NP (NP the (ADJP rather unwieldy) name) (PP of (NP (NP Eurocom WCRS Della Femina Ball Ltd.) , or (NP EWDB)))))))))) .)) (TOP (S (NP-SBJ The merged agency) (VP will (VP include (NP (NP (NP Della Femina McNamee) (VP based (NP *) (PP-LOC-CLR in (NP New York)))) , (NP (NP (NP Eurocom 's) various agencies) (PP-LOC in (NP France))) , (NP (NP the Belier Group) (PP-LOC in (NP Europe))) and (NP (NP WCRS 's) other advertising and direct marketing operations)))) .)) (TOP (S (NP-SBJ Mr. Della Femina) (VP will (VP be (NP-PRD joint chairman) (PP with (NP former WCRS executive Robin Wight)))) .)) (TOP (S (NP-SBJ Both) (VP will (VP report (PP-CLR to (NP (NP Tim Breene) , (NP (NP a former WCRS executive) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP be (NP-PRD chief executive officer) (PP-LOC at (NP the new agency))))))))))) .)) (TOP (S (PP-LOC In (NP (NP an interview) (PP-LOC in (NP New York)))) , (NP-SBJ (NP Mr. Breene) , (ADJP fresh (PP from (NP (NP a Concorde flight) (PP from (NP (NP Paris) (SBAR (WHADVP-1 where) (S (NP-SBJ executives) (VP had (VP worked (PP-TMP through (NP (NP most) (PP of (NP the night)))) (ADVP-LOC *T*-1)))))))))) ,) (VP outlined (NP (NP big plans) (PP for (NP the new agency)))) .)) (TOP (S `` (NP-SBJ Our goal) (VP is (S-PRD (NP-SBJ *) (VP to (VP develop (ADVP-MNR quite rapidly) (PP-CLR to (NP a top-10 position)) ... (PP-TMP by (NP (NP the end) (PP of (NP (NP three years) (PP from (NP now)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ It) (VP implies (NP (ADJP very dramatic) growth))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ-1 Eurocom and WCRS) (VP had (VP agreed (S (NP-SBJ *-1) (VP to (VP provide (NP (NP a development fund) (PP of (NP (QP # 100 million) *U*)) (PP for (NP acquisitions))))))))))) .)) (TOP (S (NP-SBJ The new agency group) (VP is (ADVP-TMP already) (PP-LOC-PRD in (NP (NP discussions) (PP about (NP (NP a possible purchase) (PP-LOC in (NP Spain)))))) , (SBAR-ADV while (S (NP-SBJ Mr. Breene) (VP said (SBAR 0 (S (NP-SBJ-1 it) (ADVP also) (VP plans (S (NP-SBJ *-1) (VP to (VP make (NP acquisitions) (UCP-LOC (PP in (NP Scandinavia , Germany)) and (ADVP elsewhere)))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Cracking (NP the top 10) (PP-TMP within (NP three years)))) (VP will (VP be (ADJP-PRD difficult) (ADVP at best))) .)) (TOP (S (NP-SBJ Della Femina) (VP (VP had (NP (NP billings) (PP of (NP (QP just $ 660 million) *U*))) (NP-TMP last year)) and (VP ranked (PP-CLR as (NP (NP the U.S. 's) 24th-largest ad agency)))) .)) (TOP (S (NP-SBJ (NP The merged company) (SBAR (WHNP-1 that) (S (NP-SBJ it) (ADVP-TMP now) (VP becomes (NP-PRD (NP part) (PP of (NP *T*-1))))))) (VP will (VP have (NP (NP billings) (PP of (NP (NP (QP just more than $ 2.6 billion) *U*) (PRN -- (NP (NP most) (PP of (NP that)) (PP-LOC in (NP Europe))) --)))) (S-ADV (NP-SBJ *) (VP bringing (NP it) (PP-DIR to (NP (NP about 14th) (ADVP-LOC world-wide))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP make (NP it) (PP-DIR to (NP top-10 status))))) , (NP-SBJ-1 it) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP leapfrog (PP-DIR over (NP (NP such formidable forces) (PP as (NP (NP Grey Advertising) , (NP D'Arcy Masius Benton & Bowles) and (NP (NP Omnicom 's) DDB Needham)))))))))) .)) (TOP (S (NP-SBJ (NP The merged agency 's) game plan (S (NP-SBJ *) (VP to (VP attract (NP multinational packaged-goods advertisers))))) (VP may (VP prove (ADJP-PRD equally difficult))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ WCRS) (VP created (NP Della Femina McNamee) (ADVP-CLR out (PP of (NP (NP the merger) (PP of (NP three smaller agency units))))) (PP-TMP in (NP 1988)) (ADVP *T*-1)))) , (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP did (ADVP-PRD so) (SBAR-PRP in order (S (NP-SBJ *-2) (VP to (VP attract (NP (NP larger clients) , (ADVP especially) (NP packaged-goods companies)))))))))) .)) (TOP (S (PP-TMP Since (NP then)) , (NP-SBJ Della Femina) (VP (VP won (NP Pan Am) (PP-CLR as (NP an international client))) and (ADVP also) (VP does (NP work) (PP for (NP (NP a few packaged-goods clients) , (PP including (NP (NP Dow Chemical Co. 's) Saran Wrap)))))) .)) (TOP (S But (NP-SBJ (NP major packaged-goods players) (PP of (NP the world)) (PRN -- (PP such as (NP (NP Procter & Gamble) , (NP Colgate-Palmolive) and (NP Unilever))) --)) (VP have (VP (ADVP-MNR steadfastly) eluded (NP the agency))) .)) (TOP (S `` (NP-TPC-1 (NP Three) (PP of (NP our favorite names))) , '' (NP-SBJ-2 Mr. Della Femina) (VP calls (S (NP-SBJ that roster) (NP-PRD *-1)) , (S-ADV (NP-SBJ *-2) (VP adding (ADVP-MNR hopefully) , `` (S (NP-SBJ We) (VP 're (NP-PRD (NP a (ADJP (ADVP much more) attractive) agency) (SBAR *ICH*-3)) (PP to (NP large multinationals)) (NP-TMP today) (SBAR-3 than (S (NP-SBJ we) (VP were (NP-PRD *?*) (NP-TMP yesterday))))))))) . '')) (TOP (S (ADVP Still) , (NP-SBJ the restructuring) (VP could (VP create (NP (NP one) (PP of (NP (NP the (ADJP most powerful) alliances) (PP between (NP (UCP advertising and media-buying) firms)) (SBAR (WHNP-1 that) (S (NP-SBJ Europe) (VP has (VP seen (NP *T*-1)))))))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP the restructuring)))) , (NP-SBJ WCRS and Eurocom) (VP said (SBAR 0 (S (NP-SBJ they) (VP will (VP look (PP-CLR for (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP combine (NP their media buying) (PP-LOC across (NP Europe)) (ADVP-MNR *T*-1)))))))))))) .)) (TOP (S (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD more)))) , (NP-SBJ both (NP Eurocom) and (NP (NP brothers Francis and Gilbert Gross) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP founded (NP Carat)))) ,)) (VP will (VP acquire (NP (NP (ADJP 14.99 %) stakes) (PP-LOC in (NP WCRS Group))) , (S-ADV (NP-SBJ *) (VP creating (NP (NP a powerful link) (PP between (NP Eurocom and Carat))))))) .)) (TOP (S (NP-SBJ Carat) (VP will (VP receive (NP its WCRS stake) (PP as (NP (NP part) (PP of (NP (NP payment) (PP for (NP (NP the (ADJP 50 %) Carat stake) (SBAR (WHNP-1 that) (S (NP-SBJ WCRS) (VP is (VP buying (NP *T*-1))))))))))) , (SBAR-ADV while (S (NP-SBJ Eurocom) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP expects (S (NP-SBJ *-2) (VP to (VP pay (NP (QP about # 32 million) *U*) (PP for (NP its WCRS stake))))))))))))) .)) (TOP (S (NP-SBJ Mr. Della Femina) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP remain (ADJP-PRD heavily involved (PP in (NP (NP the creative product) (PP-LOC at (NP the world-wide agency))))) , (S-ADV (NP-SBJ *-2) (VP serving (PP-CLR as (NP (NP a sort) (PP of `` (NP creative conscience))))))))))))) . '')) (TOP (S (NP-SBJ-1 (NP Louise McNamee) , (NP (NP Della Femina 's) president) ,) (VP will (VP continue (S (NP-SBJ *-1) (VP running (NP the U.S. agency) (ADVP-MNR day-to-day))))) .)) (TOP (S (S (NP-SBJ (NP They) and (NP other top executives)) (VP signed (NP long-term employment contracts))) and (S (NP-SBJ Mr. Della Femina) (VP will (VP receive (NP (NP an additional multimillion-dollar sum) , (SBAR (WHNP-1 which) (S (NP-SBJ some industry executives) (VP pegged (NP *T*-1) (PP-CLR at (NP (QP about $ 10 million) *U*))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ-2 WCRS Group) , (PP for (NP its part)) , (VP will (ADVP-TMP now) (VP be (ADJP-PRD able (S (NP-SBJ-3 *-2) (VP to (VP follow (NP (NP its longstanding plan) (PP of (S-NOM (NP-SBJ *-3) (VP becoming `` (NP-PRD (NP a holding company) (PP for (NP (NP a series) (PP of (NP media-related businesses)))))))))))))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Peter Scott) , (NP (NP the firm 's) chief executive)) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP Carat)))) , (NP-SBJ WCRS) (VP will (VP hold (PP-CLR onto (NP its (NX (NX public relations) , (NX TV programming) and (NX other businesses)))))) .)) (TOP (S (NP-SBJ WCRS) (VP says (SBAR 0 (S (NP-SBJ-1 its debt) (VP will (VP be (VP cut (NP *-1) (PP-DIR to (NP (QP # 24 million) *U*)) (PP-DIR from (NP (QP # 66 million) *U*)) (PP-PRP as (NP (NP a result) (PP of (NP the transaction)))))))))) .)) (TOP (S (PP For (NP Carat)) , (ADVP-TMP meanwhile) , (NP-SBJ-1 (NP the alliance) (PP with (NP Eurocom and WCRS))) (VP is (VP intended (S (NP-SBJ *-1) (VP to (VP strengthen (NP its own push) (PP-LOC outside (NP France))))))) .)) (TOP (S (NP-SBJ (NP Carat 's) Gross brothers) (VP invented (NP (NP the idea) (PP of (NP (NP large-scale buying) (PP of (NP media space)))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP buying (NP the space) (PP-MNR in (NP bulk))))) , (NP-SBJ-1 they) (VP obtain (NP (NP discounts) (ADJP (ADJP as high) (PP as (NP 50 %))) , (SBAR (WHNP-2 which) (S (NP-SBJ they) (VP can (VP pass (ADVP-CLR on) (NP *T*-2) (PP-DIR to (NP customers)))))))) .)) (TOP (S (NP-SBJ They) (ADVP thus) (VP have (VP won (NP (NP the French space-buying business) (PP of (NP (NP such advertising giants) (PP as (NP (NP Coca-Cola Co.) , (NP Fiat S.p . A.) , (NP Gillette) and (NP Kodak)))))))) .)) (TOP (S (S But (ADVP-TMP now) , (NP-SBJ other agencies) (VP are (VP getting (PP-CLR into (NP the business)) (PP with (NP their own competing media-buying groups))))) -- and (S (NP-SBJ-1 Carat) (VP wants (S (NP-SBJ *-1) (VP to (VP expand (PP-DIR to (NP (NP the rest) (PP of (NP Europe))))))))) .)) (TOP (S (S-PRP (NP-SBJ-2 *-1) (VP To (VP help (S (NP-SBJ *-2) (VP finance (NP the Carat purchase)))))) , (NP-SBJ-1 WCRS) (VP said (SBAR 0 (S (NP-SBJ it) (VP plans (NP (NP an issue) (PP of (NP Euroconvertible preferred shares))) (SBAR-TMP once (S (NP-SBJ the market) (VP settles (ADVP-CLR down)))))))) .)) (TOP (S But (NP-SBJ WCRS) (VP added (SBAR that (S `` (PP in (NP (NP the light) (PP of (NP (NP the current uncertainty) (PP-LOC in (NP the equity markets)))))) , '' (NP-SBJ it) (VP has (VP arranged (NP (NP medium-term debt financing) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP would (VP be (VP underwritten (NP *-1) (PP by (NP-LGS Samuel Montagu & Co. Ltd))))))))))))) .)) (TOP (NP-HLN (NP Earthquake 's) Damage)) (TOP (S (NP-SBJ (NP Tuesday 's) earthquake) (VP brought (NP the San Francisco ad scene) (PP-DIR to (NP a screeching halt)) (NP-TMP yesterday) , (PP with (S-NOM (NP-SBJ-1 (QP only a few) staffers) (VP showing (PRT up) (PP-LOC at (NP their offices)) , (S-PRP (NP-SBJ *-1) (ADVP mainly) (VP (VP to (VP survey (NP the damage))) or (VP to (VP wring (NP their hands) (PP about (NP imminent new-business presentations)))))))))) .)) (TOP (S (S-TPC-1 (SBAR-ADV While (S (NP-SBJ no agencies) (VP reported (NP (NP injuries) (PP to (NP employees)))))) , (NP-SBJ the quake) (VP damaged (NP (NP the offices) (PP of (NP (NP (NP J. Walter Thompson) , (NP Chiat/Day/Mojo) and (NP DDB Needham) ,) (PP-LOC among (NP others))))))) , (NP-SBJ (NP spokesmen) (PP for (NP those agencies))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Staffers) (PP-LOC at (NP (NP Thompson) , (SBAR (WHNP-1 whose offices) (S (NP-SBJ *T*-1) (VP are (PP-LOC-PRD in (NP the ultramodern Embarcadero Center))))) ,))) (VP (VP watched (S (NP-SBJ pictures) (VP drop (PP-DIR from (NP the walls))))) and then (VP felt (S (NP-SBJ the skyscraper) (VP sway (NP-EXT (QP seven to eight) feet)))) , (PP according (PP to (NP a spokeswoman)))) .)) (TOP (S (S-TPC-3 (S (NP-SBJ Plaster) (VP fell)) and (S (NP-SBJ-2 windows) (VP were (VP broken (NP *-2)))) (PP-LOC at (NP Chiat/Day/Mojo))) , (NP-SBJ (NP a spokesman) (PP for (NP that agency))) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (S-TPC-4 (NP-TMP Late yesterday afternoon) , (NP-SBJ-5 DDB Needham executives) (VP were (VP scrambling (S (NP-SBJ *-5) (VP to (VP figure (PRT out) (SBAR (WHNP-3 what) (S (NP-SBJ *) (VP to (VP do (NP *T*-3) (PP about (NP (NP a new business presentation) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP had (VP been (VP scheduled (NP *-1) (PP-CLR for (NP today))))))))))))))))))) , (NP-SBJ a spokesman) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP DDB Needham 's) office building) (VP may (VP have (VP sustained (NP structural damage))))) , (NP-SBJ the spokesman) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ All operations) (VP have (VP stopped))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP A number) (PP of (NP agencies)) , (PP including (NP Thompson and Foote , Cone & Belding ,))) (VP said (SBAR 0 (S (NP-SBJ-2 (NP some employees) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP live (PP-LOC outside (PP of (NP San Francisco))))))) , (S-ADV (NP-SBJ *-2) (ADJP-PRD fearful (SBAR that (S (NP-SBJ-3 they) (VP would n't (VP be (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP get (ADVP-DIR home))))))))))) , (VP spent (NP the night) (PP-LOC at (NP the agency)))))) .)) (TOP (NP-HLN Ad Notes ... .)) (TOP (NP-HLN NEW ACCOUNT :)) (TOP (S (NP-SBJ (NP (NP Chesebrough-Pond 's) Inc.) , (NP-LOC (NP Greenwich) , (NP Conn.) ,)) (VP awarded (NP its Faberge hair care accounts) (PP-DTV to (NP (NP J. Walter Thompson) , (NP-LOC New York)))) .)) (TOP (S (NP-SBJ (NP Thompson) , (NP (NP a unit) (PP of (NP WPP Group))) ,) (VP will (VP handle (NP (NP Faberge Organic shampoo and conditioner) and (NP Aqua Net hairspray)))) .)) (TOP (S (NP-SBJ-2 (NP The accounts) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP billed (NP (QP about $ 7 million) *U*) (NP-TMP last year) , (PP according (PP to (NP Leading National Advertisers)))) ,))) (VP were (ADVP-TMP previously) (VP handled (NP *-2) (PP-LOC at (NP (NP Bozell) , (NP-LOC New York))))) .)) (TOP (SBARQ-HLN (WHNP-1 WHO) (SQ (NP-SBJ *T*-1) (VP 'S (NP-PRD NEWS))) :)) (TOP (S (NP-SBJ-1 (NP William Morrissey) , (NP 44) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP executive vice president) , (NP world-wide director)) (PP of (NP (NP McCann Direct) , (NP (NP the direct marketing unit) (PP of (NP (NP Interpublic Group 's) McCann-Erickson agency))))))))) .)) (TOP (S (NP-SBJ He) (VP had (VP been (NP-PRD (NP (NP president) and (NP chief operating officer)) (PP of (NP Ogilvy & Mather Direct))))) .)) (TOP (NP-HLN BOZELL :)) (TOP (S (NP-SBJ Los Angeles) (VP will (VP be (NP-PRD (NP the site) (PP of (NP (NP a new entertainment division) (PP for (NP the ad agency))))))) .)) (TOP (S (NP-SBJ-1 The division) (VP will (VP be (VP headed (NP *-1) (PP by (NP-LGS (NP Dick Porter) , (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP returns (PP-DIR to (NP Bozell)) (PP-TMP after (S-NOM (NP-SBJ *-3) (VP being (NP-PRD (NP vice president) (PP of (NP media))) (PP-LOC at (NP MGM))))))))))))) .)) (TOP (NP-HLN AC&R ADVERTISING :)) (TOP (S (NP-SBJ-1 (NP (NP The agency 's) three California offices) , (VP (ADVP-TMP previously) called (S (NP-SBJ *) (NP-PRD AC&R/CCL Advertising))) ,) (VP will (ADVP-TMP now) (VP be (VP called (S (NP-SBJ *-1) (NP-PRD AC&R Advertising)) (S-PRP (NP-SBJ *) (VP to (VP match (NP (NP the name) (PP of (NP its New York office))))))))) .)) (TOP (S (NP-SBJ AC&R Advertising) (VP is (NP-PRD (NP a unit) (PP of (NP Saatchi & Saatchi Co)))) .)) (TOP (NP-HLN NEW BEER :)) (TOP (S (NP-SBJ (NP Sibra Products Inc.) , (NP-LOC (NP Greenwich) , (NP Conn.) ,)) (VP awarded (NP its Cardinal Amber Light beer account) (PP-DTV to (NP (NP Heidelberg & Associates) , (NP-LOC New York)))) .)) (TOP (S (NP-SBJ-1 Budget) (VP is (VP set (NP *-1) (PP-CLR at (NP (QP $ 1.5 million) *U*)))) .)) (TOP (S (NP-SBJ-1 (NP The new beer) , (VP introduced (NP *) (NP-TMP this week) (PP-LOC at (NP a liquor industry convention))) ,) (VP is (VP imported (NP *-1) (PP-DIR from (NP (NP Switzerland 's) Cardinal brewery)))) .)) (TOP (S (NP-SBJ (NP (NP Heidelberg 's) first ads) (PP for (NP (NP the brand) , (SBAR (WHNP-2 which) (S (NP-SBJ Sibra) (VP says (SBAR 0 (S (NP-SBJ *T*-2) (VP will (VP compete (PP-CLR with (NP imported light beer leader Amstel Light))))))))) ,))) (VP feature (NP (NP the line) `` (NP (NP The (ADJP best tasting) light beer) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP 've (ADVP-TMP ever) (VP seen (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Diamond-Star Motors Corp.) , (NP (NP a joint venture) (PP of (NP (NP Chrysler Corp.) and (NP Mitsubishi Motors Corp.))))) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP begin (S (NP-SBJ *-1) (VP shipping (NP Mitsubishi Eclipse cars) (PP-DIR to (NP Japan)))) (NP-TMP next week) , (S-ADV (NP-SBJ *-1) (VP emulating (NP (NP other Japanese auto ventures) (VP shipping (NP U.S.-built vehicles) (ADVP-DIR back) (PP-DIR to (NP Japan))))))))))) .)) (TOP (S (NP-SBJ Diamond-Star) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP export (NP (QP about 1,500) Eclipse cars) (PP-DIR to (NP Japan)) (PP-TMP by (NP (NP year 's) end))))))) .)) (TOP (S (NP-SBJ (NP Honda Motor Co.) , (NP (NP-SBJ the first Japanese auto maker) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP ship (NP cars) (PP-DIR to (NP Japan)) (PP-DIR from (NP the U.S.))))))) ,) (VP is (ADVP-TMP now) (VP exporting (NP (NP (QP more than 5,000) Accord Coupes) (NP-ADV a year)) (PP-DIR from (NP its (NAC-LOC Marysville , Ohio ,) factory)))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the (ADJP most remarkable) features) (PP of (NP (NP the forced marches) (PP of (NP the ethnic Turks)) (PP out (PP of (NP Bulgaria))) (PP-TMP over (NP the past five months))))))) (VP has (VP been (NP-PRD (NP the lack) (PP of (NP international attention))))) .)) (TOP (S (NP-SBJ (NP The deportation) (PP of (NP (QP more than 315,000) men , women and children)) (PP by (NP the Bulgarian regime))) (VP adds (PRT up) (PP-CLR to (NP (NP one) (PP of (NP (NP the largest migrations) (VP seen (NP *) (PP-TMP in (NP the postwar years)))))))) .)) (TOP (S Yet (NP-SBJ some people) (VP are (VP advancing (NP (NP a chilling casuistry) : (SBAR that (S (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ we) (VP are (VP seeing (NP *T*-1))))) (VP is (ADVP somehow) (NP-PRD (NP the understandable result) (PP of (NP (NP the historical sins) (VP committed (NP *) (PP by (NP-LGS the Turks)) (PP-TMP in (NP the 16th century)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Today 's) Turks) (PP-LOC in (NP Bulgaria))) , (PP in (NP other words)) , (VP deserve (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP is (VP coming (PP-DIR to (NP them)) (ADVP-TMP (NP four centuries) later)))))) .)) (TOP (S (SBAR-ADV As if (S (NP-SBJ this) (VP were n't (ADVP-PRD enough)))) , (NP-SBJ the Senate Judiciary Committee) (VP is (VP getting (PP-DIR into (NP the act)))) .)) (TOP (S (PP-TMP On (NP Tuesday)) (NP-SBJ it) (VP approved (NP (NP (NP Senator Bob Dole 's) proposed commemorative resolution) (VP designating (NP (NP April 24) , (NP 1990) ,) (PP-CLR as (NP (NP the `` National Day) (PP of (NP (NP Remembrance) (PP of (NP (NP the 75th Anniversary) (PP of (NP (NP the Armenian Genocide) (PP-TMP of (NP 1915-1923)) , '' (VP suffered (NP *) (PP-LOC at (NP (NP the hands) (PP of (NP the warring Ottoman Empire)))))))))))))))) .)) (TOP (S (S (NP-SBJ There) (VP can (VP be (NP-PRD no quibbling (SBAR that (S (NP-SBJ the Armenians) (VP endured (NP terrible suffering)))))))) , but (S (NP-SBJ-2 one) (VP has (S (NP-SBJ *-2) (VP to (VP wonder (SBAR (WHNP-1 what possible good) (S (NP-SBJ such a resolution) (VP will (VP achieve (NP *T*-1)))))))))) .)) (TOP (S (NP-SBJ It) (VP puts (NP great strain) (PP-PUT on (NP (NP a longstanding U.S. friendship) (PP with (NP (NP Turkey) , (NP (NP a country) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP been (NP-PRD (NP one) (PP of (NP (NP (NP America 's) strongest allies) (PP-LOC in (NP NATO))))))))))))))) .)) (TOP (S (NP-SBJ The resolution) (ADVP also) (VP comes (PP-TMP at (NP (NP a time) (SBAR (WHADVP-2 when) (S (NP-SBJ-1 Turkey) (VP has (VP been (VP seeking (NP (NP help) (PP from (NP the United States)) (PP in (S-NOM (NP-SBJ *-1) (VP (VP resolving (NP its Bulgarian emigration controversy)) and (VP pursuing (NP (NP democratic reforms) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP may (VP lead (PP-DIR to (NP (NP membership) (PP-LOC in (NP the European Community)))))))))))))) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ Turkey) (VP (VP has (VP been (VP fighting (NP its past) (PP-TMP for (NP years))))) , and (VP (ADVP-TMP thus far) has (VP been (ADJP-PRD (ADVP only partially) successful)))) .)) (TOP (SQ Must (NP-SBJ it) (ADVP-TMP now) (VP accept (SBAR that (S (NP-SBJ (NP one) (PP of (NP its strongest allies))) (VP blames (NP it) (PP-CLR for (NP (NP the genocide) (PP of (NP another people)))))))) ?)) (TOP (S (NP-SBJ Such sentiment) (ADVP only) (VP encourages (NP (NP the adverse feelings) (PP toward (NP Turkey)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP surfaced (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-3 Turkey) (VP asked (PP-CLR for (NP (NP assistance) (PP in (S-NOM (NP-SBJ *-3) (VP dealing (PP-CLR with (NP its Bulgarian emigration crisis))))))) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (PP (NP (NP Mr. Dole 's) odd effort) notwithstanding) , (NP-SBJ (NP most) (PP of (NP (NP Turkey 's) political problems))) (VP lie (PP-LOC-CLR with (NP the Europeans))) .)) (TOP (S (NP-SBJ-2 (NP Part) (PP of (NP (NP the problem) (SBAR (WHNP-1 0) (S (NP-SBJ some Europeans) (VP have (NP *T*-1) (PP-CLR with (NP Turkey)))))))) (VP seems (S (NP-SBJ *-2) (VP to (VP stem (PP-DIR from (NP its location)) -- (S-ADV (NP-SBJ Turkey) (VP is n't (ADVP really) (NP-PRD (NP part) (PP of (NP Europe))))))))) .)) (TOP (SBARQ-1 (WHADVP-2 Why) (PRN , (S (NP-SBJ they) (VP wonder (SBAR 0 (SBARQ *T*-1)))) ,) (SQ should (NP-SBJ it) (VP belong (PP-CLR to (NP the EC)) (ADVP-PRP *T*-2))) ?)) (TOP (S (S (NP-SBJ Another anti-Turkish hook) (VP is (NP-PRD (NP the Islamic faith) (PP of (NP (NP the majority) (PP of (NP the Turkish people))))))) : (S-2 (NP-SBJ Turkey) (PRN , (S (NP-SBJ-1 we) (VP are (VP told (SBAR 0 (S *T*-2))))) ,) (VP is not (NP-PRD a Christian nation))) ; (S (NP-SBJ its people) (ADVP simply) (VP wo n't (VP fit (PRT in) (PP-CLR with (NP the (ADJP Western European) Judeo-Christian tradition))))) .)) (TOP (S-CLF (NP-SBJ It) (VP 's (SBAR-PRD (WHADVP-2 when) (S (NP-SBJ these rationalizations) (VP fall (PP-LOC-CLR on (NP deaf ears)) (ADVP-TMP *T*-2)))) (SBAR that (S (NP-SBJ (NP the old standby) (PP of (NP (NP retribution) (PP for (NP (NP treatment) (PP-LOC at (NP (NP the hands) (PP of (NP the Ottoman Empire))))))))) (VP comes (PP-DIR to (NP the fore)))))) .)) (TOP (S (NP-SBJ-1 No one) (VP has (S (NP-SBJ *-1) (VP to (VP accept (NP (NP the sins) (PP of (NP the Ottoman Empire)))))) (S-PRP (NP-SBJ *-1) (VP to (VP reject (NP that argument))))) .)) (TOP (S (NP-SBJ Turkey) (PP in (NP any event)) (VP is (ADVP-TMP long) (VP past (NP it))) .)) (TOP (S (NP-SBJ The country) (VP has (PP-TMP in (NP recent years)) (VP accepted (NP (QP more than 500,000) refugees) (PP-CLR from (NP (QP at least four) bordering nations)))) .)) (TOP (S (NP-SBJ-2 Kurds) , (S-ADV (NP-SBJ *-2) (VP suffering (SBAR-NOM (WHNP-1 what) (S (NP-SBJ many people) (VP consider (S (NP-SBJ *T*-1) (VP to (VP be (NP-PRD a current extermination campaign))))))) (PP at (NP (NP the hands) (PP of (NP Syria , Iran and Iraq)))))) (VP have (VP inundated (NP eastern Turkey))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ it) (VP is (NP-PRD (NP their fellow Turks) (VP arriving (PP-CLR as (NP refugees)) (PP-DIR from (NP Bulgaria))))) .)) (TOP (S (NP-SBJ-2 (NP The Turkish refugee tragedy) and (NP the ongoing crisis)) (VP can not (VP be (VP (VP ignored (NP *-2)) and (VP shuttled (NP *-2) (ADVP-DIR off) (PP-DIR to (NP (NP that notorious dustbin) (PP of (NP history)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP become (ADJP-PRD so convenient) (ADVP-TMP recently))))))))))) .)) (TOP (S (ADVP Surely) , (NP-SBJ-1 (NP the past suffering) (PP of (NP any people)) (PP-TMP at (NP any time))) (VP can not (VP be (ADVP simply) (VP (VP filed (ADVP-CLR away) (NP *-1)) and (VP forgotten (NP *-1))))) .)) (TOP (S But (S (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ-2 the Senate Judiciary Committee) (VP has (VP done (NP *T*-1) (PP in (S-NOM (NP-SBJ *-2) (VP supporting (NP the (ADJP strongly worded) Armenian resolution)))))))) (VP achieves (NP no useful end))) ; (S (NP-SBJ it) (ADVP merely) (VP produces (NP (NP more controversy) and (NP embittered memories)))) .)) (TOP (S (NP-SBJ-1 Congress) (VP has (NP (NP enough difficulty) (S-NOM (NP-SBJ *-1) (VP dealing (PP-CLR with (NP (NP the realities) (PP of (NP (NP the world) (SBAR as (S (NP-SBJ it) (ADVP-TMP currently) (VP exists))))))))))) .)) (TOP (S (S (NP-SBJ (NP Bulgaria 's) government) (VP has (VP been (VP behaving (PP-MNR beyond (NP the pale)) (PP-TMP for (NP months)))))) , and (S (NP-SBJ-2 the U.S.) (VP does (NP its values) (NP no credit) (PP-MNR by (S-NOM (NP-SBJ-1 *-2) (VP ignoring (NP that) (SBAR-TMP while (S-NOM (NP-SBJ *-1) (VP casting (NP its votes) (PP-DIR into (NP the past)))))))))) .)) (TOP (S (NP-SBJ (NP Many) (PP-LOC in (NP Washington))) (VP say (SBAR 0 (S (NP-SBJ-1 President Bush) (VP will (VP have (S (NP-SBJ-2 *-1) (VP to (VP raise (NP taxes) (S-PRP (NP-SBJ *-2) (VP to (VP pay (PP-CLR for (NP (NP his war) (PP on (NP drugs))))))))))))))) .)) (TOP (S (NP-SBJ We) (VP have (NP (NP a better idea) : (S (NP-SBJ-1 *) (VP Dismantle (NP HUD) (S-PRP (NP-SBJ *-1) (VP to (VP pay (PP-CLR for (NP (NP the war) (PP on (NP drugs))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Housing) and (NP Urban Development) 's) budget) (VP is (NP-PRD (QP $ 17 billion) *U*)) .)) (TOP (S (PP From (SBAR-NOM (WHNP-3 what) (S (NP-SBJ-2 (NP we) and (NP the nation)) (VP have (VP been (S (NP-SBJ *-2) (VP reading (NP *T*-3)))))))) , (NP-SBJ-1 the money) (VP is n't (VP being (VP spent (NP *-1) (ADVP-MNR very well)))) .)) (TOP (S (NP-SBJ (NP The single (ADJP most important) contribution) (SBAR (WHNP-1 0) (S (NP-SBJ-2 the government) (VP could (VP make (NP *T*-1) (ADVP-TMP now) (S-PRP (NP-SBJ *-2) (VP to (VP help (NP the poor))))))))) (VP is (S-PRD (NP-SBJ *) (VP to (VP get (S (NP-SBJ (NP the specter) (PP of (NP drugs))) (PP-PRD out (PP of (NP their neighborhoods)))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ that) (VP takes (NP money)))) , (NP-SBJ *) (VP take (NP it) (ADVP-DIR away) (PP-DIR from (NP this discredited federal department))) .)) (TOP (S But (PP of (NP course)) (NP-SBJ (NP the Democrats) (VP pillorying (NP HUD) (PP-LOC (PP in (NP hearings)) and (PP in (NP the press))))) (VP have (NP no such solution) (PP-LOC-CLR in (NP mind))) .)) (TOP (S (ADVP Instead) , (NP-SBJ-1 they) (VP 're (VP scrambling (S (NP-SBJ *-1) (VP to (VP protect (NP (NP the very programs) (PP-LOC at (NP (NP the heart) (PP of (NP the HUD scandal)))))))))) .)) (TOP (S (NP-TMP This month) , (NP-SBJ HUD Secretary Jack Kemp) (VP unveiled (NP (NP a series) (PP of (NP (NP proposed reforms) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP improve (NP (NP management) (PP-LOC at (NP HUD))))))))))) .)) (TOP (S (S (NP-ADV No doubt) (NP-SBJ (NP many) (PP of (NP his ideas))) (VP are (ADJP-PRD worthy))) , but (S (ADVP ultimately) (NP-SBJ-1 he) (VP is (VP proposing (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ (ADJP fundamentally flawed) programs) (VP work (ADVP-MNR slightly more fairly and efficiently))))))))) .)) (TOP (S (NP-SBJ-1 Congress) (VP is (ADJP-PRD unlikely (S (NP-SBJ *-1) (VP to (VP go (ADVP-DIR even that far)))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ Secretary Kemp) (VP ran (PP-DIR into (NP (NP a buzzsaw) (PP of (NP (NP criticism) (PP from (NP House Banking Committee members))))))) .)) (TOP (S (NP-SBJ They) (VP were (ADJP-PRD appalled (PRN , (PP for (NP instance)) ,) (SBAR that (S (NP-SBJ-2 he) (VP wanted (S (NP-SBJ *-2) (VP to (VP (VP target (NP (NP more) (PP of (NP the (ADJP (QP $ 3 billion) *U*) Community Development Block Grant (PRN -LRB- CDBG -RRB-) program))) (PP-CLR to (NP low-income projects))) and (VP zero (PRT out) (NP (NP the notorious `` discretionary '' funds) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP allowed (S (NP-SBJ HUD officials) (VP to (VP steer (NP contracts) (PP-DIR to (NP political cronies))))))))))))))))))) .)) (TOP (S (NP-SBJ These development grants) (ADVP mainly) (VP enrich (NP (NP developers) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP want (S (NP-SBJ *-2) (VP to (VP put (PRT up) (NP (NP shopping centers) and (NP parking garages)))))))))) .)) (TOP (S (S (NP-SBJ They) (ADVP also) (VP give (NP-1 (NP those) (PP-LOC in (NP Congress))) (NP political credit) (PP for (S-NOM (NP-SBJ *-1) (VP bringing (ADVP-DIR home) (NP the pork)))))) , and so (S (NP-SBJ they) (VP are (ADJP-PRD popular) (PP with (NP (NP such Members) (PP as (NP Mary Rose Oakar)))))) .)) (TOP (S (NP-SBJ (NP Rep. Oakar) , (NP (NP a Democrat) (PP-LOC from (NP Cleveland))) ,) (VP wants (NP a (ADJP $ 6.9 million *U*) grant) (SBAR-PRP so (S (NP-SBJ Cleveland) (VP can (VP build (NP (NP an 18-story Rock and Roll Hall) (PP of (NP Fame)))))))) .)) (TOP (S (NP-SBJ She) (VP says (SBAR 0 (S (NP-SBJ it) (VP 'd (VP (VP create (NP 600 jobs)) and (VP bring (NP Cleveland) (NP tourist revenue))))))) .)) (TOP (S (S (NP-SBJ HUD) (VP says (SBAR 0 (S (NP-SBJ the project) (VP does n't (VP qualify)))))) , and (S (NP-SBJ Mr. Kemp) (VP says (SBAR that (S (NP-SBJ-1 (NP rock 'n' roll musicians) and (NP the music industry)) (VP ought (S (NP-SBJ *-1) (VP to (VP put (PRT up) (NP the money))))))))) .)) (TOP (S (PP-LOC At (NP the hearing)) , (NP-SBJ Rep. Oakar) (VP started (VP wailing (PP-CLR about (NP `` (NP phoney baloney regulations) '' (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP stand (PP-LOC-CLR between (NP (NP her) and `` (NP (NP housing) (PP for (NP downtown Cleveland))))))))))))) . '')) (TOP (S (S (NP-SBJ (NP Rep. Chalmers Wylie) , (NP an Ohio Republican) ,) (VP rallied (PP-CLR to (NP the cause)))) : `` (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the gentlelady) (VP is (VP making (NP an important statement))))))) .)) (TOP (S (NP-TPC-1 The implication (SBAR that (S (SBAR-ADV if (S (NP-SBJ a congressman) (VP calls (PP about (NP (NP a project) (PP-LOC in (NP his district))))))) (NP-SBJ there) (VP 's (NP-PRD (NP something) (ADJP wrong)))))) , (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ *T*-1) (VP is (ADJP-PRD most unfortunate))))) . '')) (TOP (S (NP-SBJ We) (VP 're (ADJP-PRD sure (SBAR 0 (S (NP-SBJ some theologian) (VP can (VP explain (NP (NP the difference) (PP between (SBAR-NOM (SBAR (WHNP-1 what) (S (NP-SBJ the Republican consultants) (VP have (VP been (VP doing (NP *T*-1) (PP with (NP HUD))))))) and (SBAR (WHNP-2 what) (S (NP-SBJ-3 these gentleladies and gentlemen) (VP want (S (NP-SBJ *-3) (VP to (VP do (NP *T*-2) (PP with (NP HUD))))))))))))))))) .)) (TOP (S (NP-SBJ Our view) (VP is (SBAR-PRD that (S (PP given (NP (NP (NP Congress 's) attitude) (PP toward (NP HUD)))) , (NP-SBJ the place) (ADVP probably) (VP is (PP-PRD beyond (NP reform)))))) .)) (TOP (S (PP For (NP (QP more than 50) years)) (NP-SBJ the federal government) (VP has (VP tried (NP (NP various ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP (VP provide (NP housing) (PP-CLR for (NP the poor))) and (VP revive (NP cities)) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (PP-LOC In (NP the process)) (NP-SBJ HUD) (VP has (VP (VP wasted (NP untold billions)) , (VP created (NP slums)) and (VP invited (NP corruption)))) .)) (TOP (S (NP-SBJ (NP Much) (PP of (NP (NP HUD 's) spending))) (ADVP actually) (VP is (NP-PRD (NP disguised welfare) (PP for (NP (NP developers) or (NP the middle class))))) .)) (TOP (S (NP-SBJ That) (VP includes (NP (NP the CDBG funds) and (NP (NP the Federal Housing Administration) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP loans (ADVP-CLR out) (NP money) (PP for (NP private home mortgages))) and (VP has (ADVP-TMP just) (VP been (VP discovered (S (NP-SBJ *-1) (VP to (VP be (PP-LOC-PRD (NP (QP $ 4 billion) *U*) in (NP the hole)))))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Selling (NP (NP the FHA 's) loan portfolio) (PP-DTV to (NP the highest bidder)))) (VP would (VP save (NP the taxpayers) (NP (NP untold billions) (PP in (NP future losses))))) .)) (TOP (S (S (NP-SBJ Some HUD money) (ADVP actually) (VP does (VP trickle (ADVP-DIR down) (PP-DIR to (NP the poor))))) , and (S (S-NOM-SBJ (NP-SBJ *) (VP zeroing (PRT out) (NP housing middlemen))) (VP would (VP free (PRT up) (NP more money) (SBAR for (S (NP-SBJ public housing tenants) (VP to (VP (VP manage (NP *RNR*-1)) and (ADVP even) (VP own (NP *RNR*-1)) (NP-1 their units)))))))) .)) (TOP (S (NP-SBJ-1 The rest) (VP ought (S (NP-SBJ-2 *-1) (VP to (VP be (VP used (NP *-2) (S-CLR (NP-SBJ *) (VP to (VP clean (PRT out) (NP drugs) (PP-CLR from (NP the neighbhorhoods)))))))))) .)) (TOP (S (NP-SBJ Rival gangs) (VP have (VP turned (NP cities) (PP-CLR into (NP combat zones)))) .)) (TOP (S (NP-SBJ (NP Even suburban (NP Prince George 's) County) , (NP-LOC Md.) ,) (VP reported (NP-TMP last week) (SBAR 0 (S (NP-SBJ there) (VP have (VP been (NP-PRD a record 96 killings) (ADVP-LOC there) (NP-TMP this year) , (S-ADV (NP-SBJ (NP most) (PP of (NP them))) (ADJP-PRD drug-related))))))) .)) (TOP (S (NP-SBJ Innocent bystanders) (ADVP-TMP often) (VP are (NP-PRD the victims)) .)) (TOP (S (NP-SBJ-1 (NP A man) (PP-LOC in (NP a wheelchair))) (VP was (VP gunned (NP *-1) (ADVP-CLR down) (PP-LOC in (NP (NP the crossfire) (PP of (NP a Miami drug battle)))))) .)) (TOP (S (NP-SBJ-1 A three-year-old Brooklyn boy) (VP was (VP used (NP *-1) (PP-CLR as (NP a shield)) (PP by (NP-LGS a drug dealer)))) .)) (TOP (S (NP-SBJ-1 (NP Decent life) (PP-LOC in (NP the inner cities))) (VP wo n't (VP be (VP restored (NP *-1) (SBAR-ADV unless (S (NP-SBJ the government) (VP reclaims (NP the streets) (PP-CLR from (NP the drug gangs)))))))) .)) (TOP (S (PP-TMP Until (NP then)) , (NP-SBJ-1 (NP the billions) (SBAR (WHNP-2 0) (S (NP-SBJ HUD) (VP spends (NP *T*-2) (PP-CLR on (NP inner-city housing)))))) (ADVP simply) (VP is (VP wasted (NP *-1))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-3)) (VP 's (ADVP-TMP still) (ADJP-PRD unclear) (SBAR-3 whether (S (NP-SBJ-1 Secretary Kemp) (VP wants (S (NP-SBJ *-1) (VP to (VP (VP (ADVP-MNR completely) overhaul (NP (NP the engine room) (PP-LOC at (NP HUD)))) or (ADVP just) (VP tighten (NP a few screws) (ADVP-LOC here and there))))))))) .)) (TOP (S (NP-ADV No doubt) (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ-1 the place) (VP can (VP be (VP salvaged (NP *-1))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Having (VP seen (NP (NP the hypocrisy) (SBAR (WHPP-2 with (WHNP which)) (S (NP-SBJ Congress) (VP has (VP addressed (NP the HUD scandals) (PP-MNR *T*-2))))))))) , (NP-SBJ-1 we) (VP disagree) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP (VP scrap (NP (NP the (ADJP politically infested) spending machine) (SBAR (WHNP-1 0) (S (NP-SBJ HUD) (VP has (VP become (NP-PRD *T*-1))))))) and (VP channel (NP the resources) (PP-DIR into (NP the drug war))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ-2 Randy Delchamps) (VP was (VP named (S (NP-SBJ *-2) (NP-PRD (NP (NP chairman) and (NP chief executive officer)) (PP of (NP this grocery chain)))))) .)) (TOP (S (NP-SBJ (NP Mr. Delchamps) , (ADJP (NP 46 years) old) ,) (VP succeeds (NP (NP A.F. Delchamps Jr.) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP died (PP-LOC in (NP a plane crash)) (PP-TMP on (NP Sunday)) (PP at (NP (NP the age) (PP of (NP 58))))))))) .)) (TOP (S (NP-SBJ Randy Delchamps) (VP retains (NP (NP his position) (PP as (NP president)))) .)) (TOP (S (NP-SBJ (NP Natural upheavals) , and (ADVP most particularly) (NP earthquakes) ,) (VP are (NP-PRD (CONJP not only) (NP (NP horrible realities) (PP in and of (NP themselves))) , (CONJP but also) (NP (NP symbols) (SBAR (WHPP-2 through (WHNP which)) (S (NP-SBJ-1 (NP the state) (PP of (NP a society))) (VP can (VP be (VP construed (NP *-1) (PP *T*-2))))))))) .)) (TOP (S (NP-SBJ (NP The rubble) (PP-TMP after (NP (NP the Armenian earthquake) (ADVP-TMP (NP a year) ago)))) (VP disclosed , (ADVP-MNR quite literally) , (NP (NP a city) (SBAR (WHNP-2 whose larger structures) (S (NP-SBJ-1 *T*-2) (VP had (VP been (VP built (NP *-1) (PP with (NP sand))))))))) .)) (TOP (S (NP-SBJ (NP The extent) (PP of (NP the disaster))) (VP stemmed (PP-DIR from (NP (NP years) (PP of (NP (NP chicanery) and (NP bureaucratic indifference)))))) .)) (TOP (S (NP-SBJ (NP The larger parallel) (PP-TMP after (NP (NP the earthquake) (VP centered (NP *) (ADVP-LOC-CLR south (PP of (NP San Francisco))))))) (VP is (ADVP surely) (PP-PRD with (NP (NP the state) (PP of (NP the U.S. economy))))) .)) (TOP (SQ Did (NP-SBJ (NP the stock-market tremors) (PP of (NP (NP Friday) , (NP Oct. 13) ,))) (VP presage (NP (NP larger fragility) , (NP (ADJP far greater) upheavals))) ?)) (TOP (SQ Are (NP-SBJ (NP the engineering and architecture) (PP of (NP the economy))) (ADJP-PRD (ADJP as vulnerable) (PP as (NP (NP the spans) (PP of (NP the Bay Bridge))))) ?)) (TOP (S (NP-SBJ (NP The eerie complacency) (PP of (NP the Reagan-Bush era))) (VP has (VP produced (NP (NP Panglossian paeans) (PP about (NP (NP the present perfection) (PP of (NP U.S. (ADJP economic and social) arrangements))))))) .)) (TOP (S (NP-SBJ (NP A licensed government intellectual) , (NP Francis Fukuyama) ,) (ADVP-TMP recently) (VP announced (PP-LOC in (NP The National Interest)) (SBAR that (S (NP-SBJ history) (VP is , (S (ADVP-TPC-1 so) (NP-SBJ *) (VP to (VP speak (ADVP *T*-1)))) , (PP-LOC-PRD at (NP an end)) (SBAR-PRP since (S (NP-SBJ (NP the course) (PP of (NP human progress))) (VP has (ADVP-TMP now) (VP culminated (PP-CLR in (NP (NP the glorious full stop) (PP of (NP American civilization)))))))))))) .)) (TOP (S (NP-SBJ-1 His observations) (VP were (VP taken (NP *-1) (ADVP-MNR seriously))) .)) (TOP (S But (NP-SBJ we) (VP are , (PP in (NP reality)) , (VP witnessing (NP (NP (NP the continuing decline) (PP of (NP (NP the political economy) (PP of (NP capitalism))))) : (NP not (ADVP so much) (NP (NP the end) (PP of (NP history))) but (NP (NP the history) (PP of (NP the end))))))) .)) (TOP (S (NP-SBJ (NP The financial equivalent) (PP of (NP (NP the sand) (VP used (NP *) (PP by (NP-LGS those Armenian contractors)))))) (VP is (NP-PRD (NP junk bonds) and (NP (NP the leveraged buy-outs) (VP associated (NP *) (PP with (NP them)))))) .)) (TOP (S (S (NP-SBJ-3 Builders) (VP get (ADVP-CLR away) (PP-CLR with (S-NOM (NP-SBJ *-3) (VP using (NP-4 sand)))))) and (S (NP=3 financiers) (NP=4 junk)) (SBAR-TMP-2 (WHADVP when) (S (NP-SBJ society) (VP decides (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD (ADJP okay) , (ADJP necessary) (ADVP even) ,) (S-1 (NP-SBJ *) (VP to (VP look (NP-DIR the other way)))))))))) .)) (TOP (S And (PP-TMP by (NP the early 1980s)) (NP-SBJ-2 U.S. capitalists) (VP had (NP (NP ample reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *-2) (VP (VP to (VP welcome (NP junk bonds))) , (VP to (VP look (NP-DIR the other way))) (ADVP-PRP *T*-1)))))) .)) (TOP (S (PP-TMP By (NP that time)) (NP-SBJ they) (VP found (NP (NP (ADJP extremely low) profit rates) (PP from (NP non-financial corporate investment)))) .)) (TOP (S (NP-SBJ Government statistics) (PP in (NP fact)) (VP show (SBAR that (S (NP-SBJ (NP the profit rate) (PRN -- (NP (NP net pretax profits) (VP divided (NP *) (PP-CLR by (NP capital stock)))) --)) (VP peaked (PP-TMP in (NP 1965)) (PP-CLR at (NP 17.2 %)))))) .)) (TOP (S (S (NP-SBJ That same calculation) (VP saw (S (NP-SBJ profit rates) (VP fall (PP-DIR to (NP 4.6 %)) (PP-TMP in (NP (NP the recession year) (NP 1982))))))) and (S (NP-SBJ (NP the supposed miracle) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP followed)))) (VP has (VP seen (S (NP-SBJ the profit rate) (VP rise (ADVP only) (PP-DIR to (NP (NP (NP 8.1 %) (PP-TMP in (NP 1986))) and (NP (NP 8 %) (PP-TMP in (NP 1987)))))))))) .)) (TOP (SINV (VP-TPC-1 Corresponding (PP-CLR to (NP (NP the fall) (PP-LOC in (NP profit rates))))) (VP was (VP *T*-1)) (PRN -- (PP-TMP in (NP the early 1980s)) --) (NP-SBJ (NP the drop) (PP-LOC in (NP (NP (NP the number) (VP arrived (PP-CLR at (NP *)) (SBAR-ADV if (S (NP-SBJ you) (VP divide (NP (NP the market value) (PP of (NP firms))) (PP-CLR by (NP (NP the replacement costs) (PP of (NP their assets))))))))) , (NP (NP the famous Q ratio) (VP associated (NP *) (PP-CLR with (NP Prof. James Tobin))))))) .)) (TOP (S (PP In (NP theory)) , (NP-SBJ (NP (NP the value) (VP attached (NP *) (PP-CLR to (NP a firm)) (PP by (NP-LGS the market)))) and (NP (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP replacing (NP its assets)))))) (VP should (VP be (NP-PRD the same))) .)) (TOP (S But (PP of (NP course)) (NP-SBJ the market) (VP could (VP decide (SBAR that (S (NP-SBJ (NP (NP the firm 's) capital stock) (PRN -- (NP its assets) --)) (VP means (NP nothing) (SBAR-ADV if (S (NP-SBJ the firm) (VP is not (VP producing (NP profits)))))))))) .)) (TOP (S (NP-SBJ This) (VP is (ADVP indeed) (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ the market) (VP decided (NP *T*-1))))) .)) (TOP (S (PP-TMP By (NP 1982)) (NP-SBJ the ratio) (VP was (NP-PRD 43.5 %) , (S-ADV (NP-SBJ *) (VP meaning (SBAR that (S (NP-SBJ the market) (VP was (VP valuing (NP (NP (NP every dollar 's) worth) (PP of (NP (NP the average firm 's) assets))) (PP-CLR at (NP 43 cents))))))))) .)) (TOP (S (PP From (NP (NP the history) (PP of (NP capitalism)))) (NP-SBJ we) (VP can (VP take (NP (NP it) (SBAR *EXP*-1)) (PP-CLR as (NP a sound bet)) (SBAR-1 that (S (SBAR-ADV if (S (NP-SBJ (NP it) (S *EXP*-2)) (VP takes (NP (QP only 43) cents) (S-2 (NP-SBJ *) (VP to (VP buy (NP (NP (NP a dollar 's) worth) (PP of (NP (NP a firm 's) capital stock))))))))) , (NP-SBJ an alert entrepreneur) (VP wo n't (VP look (NP-DIR the other way))))))) .)) (TOP (S (NP-SBJ His assumption) (VP is (SBAR-PRD (SBAR that (S (NP-SBJ the underlying profitability rate) (VP will (VP go (ADVP-DIR up))))) and (SBAR 0 (S (NP-SBJ-2 (NP the capital assets) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP bought (NP *T*-1) (PP on (NP the cheap)))))) (VP will (ADVP-TMP soon) (VP be (S (NP-SBJ *-2) (VP producing (NP profits))))))) , (S-ADV (NP-SBJ *) (ADVP thus) (VP restoring (NP (NP (NP the market 's) faith) (PP in (NP them))))))) .)) (TOP (FRAG (ADVP Hence) (NP the LBO craze) .)) (TOP (S But (NP-SBJ here) (VP is (SBAR-PRD (SBAR (WHADVP-1 where) (S (NP-SBJ the entrepreneur) (VP made (NP a (ADJP very risky) bet) (ADVP-LOC *T*-1)))) , and (SBAR (WHADVP-2 where) (S (NP-SBJ-3 society) (VP was (ADVP maybe) (ADJP-PRD foolish (S (NP-SBJ *-3) (VP to (VP look (NP-DIR the other way))))) (ADVP-LOC *T*-2)))))) .)) (TOP (S (S (NP-SBJ The profit rate) (VP is (ADVP-TMP still) (ADJP-PRD low))) and (S (NP-SBJ the Q ratio) (VP (VP was (NP-PRD-1 (QP only 65) %) (PP-TMP-2 in (NP 1987))) and (VP (NP-PRD=1 68.9 %) (PP-TMP=2 in (NP 1988))))) .)) (TOP (NP (NP Result) : (NP (NP (NP a landscape) (VP littered (NP *) (PP-CLR with (NP lemons)))) , (NP (NP huge debt burdens) (VP crushing (ADVP-DIR down) (PP-LOC-CLR upon (NP (NP the arch and spans) (PP of (NP corporate America))))))) .)) (TOP (S (NP-SBJ The mounting risks) (VP did not (VP go (ADJP-PRD unobserved) , (PP-TMP even in (NP the mid-1980s)))) .)) (TOP (S But (NP-SBJ there) (VP were (NP-PRD (NP enough promoters) (VP announcing (NP (NP (NP the end) (PP of (NP history))) (PRN -LRB- (NP (PP-LOC in (NP this case)) (NP (NP suspension) (PP of (NP (NP normal laws) (PP of (NP economic gravity)))))) -RRB-))) (SBAR for (S (NP-SBJ-1 society) (VP to (VP continue (S (NP-SBJ *-1) (VP shielding (NP its eyes))))))))) .)) (TOP (S (NP-SBJ-3 Mainstream economists and commentators) , (S-ADV (NP-SBJ-2 *-3) (VP (VP craning (NP their necks) (ADVP-DIR up) (PP-DIR at (NP (NP the great pyramids) (PP of (NP junk financing))))) , (VP swiveling (NP their heads) (S-PRP (NP-SBJ *-2) (VP to (VP watch (NP (NP the avalanche) (PP of (NP leveraged buy-outs))))))))) , (VP claimed (SBAR 0 (S (NP-SBJ the end result) (VP would (VP be (NP-PRD (NP a leaner , meaner corporate America) , (PP with (UCP (NP soaring productivity and profits) and (S (NP-SBJ the weaker) (VP gone (PP-DIR to (NP the wall)))))))))))) .)) (TOP (S But (NP-SBJ this) (VP is not (SBAR-PRD (WHADVP-2 where) (S (NP-SBJ-1 (NP the rewards) (PP of (NP junk financing))) (VP were (VP found (NP *-1) (ADVP-LOC *T*-2)))))) .)) (TOP (S (NP-SBJ The beneficiaries) (VP were (NP-PRD (NP those financiers) (SBAR (WHNP-1 whose icon) (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP (NP the topic figure) (PP of (NP '80s capitalism))) , (NP (NP (NP Michael Milken 's) (ADJP (QP $ 517 million) *U*) salary) (PP-TMP in (NP one year))))))))) .)) (TOP (S (NP-SBJ-2 (NP (NP Left-stream economists) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP associate (PP-CLR with (NP *T*-1)))))) (PRN -- (NP (NP (NP fellows) (PP-LOC in (NP (NP the Union) (PP of (NP Radical Political Economists))))) , (ADVP most particularly) (NP (NP Robert Pollin) (PP of (NP the economics faculty)) (PP-LOC at (NP (NP the University) (PP of (NP California)) (PP-LOC at (NP Riverside)))))) --)) (VP were not (VP hypnotized (NP *-2) (PP-MNR in (NP (NP the manner) (PP of (NP their pliant colleagues)))))) .)) (TOP (S (ADVP-TMP All along) (NP-SBJ they) (VP have (VP been (VP (VP noting (NP the tremors)) and (VP pointing (PRT out) (NP the underlying realities))))) .)) (TOP (S (S (NP-SBJ Profit rates) (PP-TMP after (NP the great merger wave)) (VP are (ADJP-PRD no higher))) , and (S (ADVP-TMP now) (NP-SBJ we) (VP have (NP (NP an (ADJP extremely high-interest) burden) (ADJP relative (PP to (NP cash flow)))))) .)) (TOP (S (NP-SBJ (NP The consequences) (PP of (S-NOM (NP-SBJ *) (VP building (NP empires) (PP-CLR with (NP sand)))))) (VP are (VP showing (PRT up))) .)) (TOP (S (PP In (NP (NP contrast) (PP to (NP (NP previous estimates) (VP reckoning (NP (NP the default rate) (PP on (NP junk bonds))) (PP-CLR at (NP (NP 2 %) or (NP 3 %)))))))) , (NP-SBJ (NP a Harvard study) (VP (VP published (NP *) (PP-TMP in (NP (NP April) (PP of (NP this year))))) (PRN -LRB- and (VP discussed (NP *) (PP-LOC in (NP (NP a lead story) (PP-LOC in (NP (NP The Wall Street Journal) (PP for (NP Sept. 18))))))) -RRB-))) (VP found (SBAR 0 (S (NP-SBJ (NP the default rate) (PP on (NP these junk bonds))) (VP is (NP-PRD 34 %))))) .)) (TOP (SBARQ (WHNP-1 What) (SQ (NP-SBJ *T*-1) (VP is (NP-PRD (NP the consequence) (PP of (NP (NP a high-interest burden) , (NP high default rates) and (NP continued low profitability)))))) ?)) (TOP (S (NP-SBJ Corporations) (VP need (NP (NP liquidity) , (PP in (NP (NP the form) (PP of (NP borrowed funds)))))) .)) (TOP (S (PP Without (NP (NP (NP liquidity) (PP from (NP the junk-bond market))) or (NP (NP cash flow) (PP from (NP profits))))) , (NP-SBJ they) (VP look (PP-DIR to (NP (NP the government) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (ADVP-MNR obediently) assists (NP (NP the natural motions) (PP of (NP the capitalist economy))) (PP with (NP (NP charity) (PP in (NP (NP the form) (PP of (NP (NP (NP cuts) (PP-LOC in (NP the capital-gains tax rate))) or (NP bailouts))))))))))))) .)) (TOP (S (NP-SBJ The consequence) (VP can (VP be (NP-PRD (NP inflation) , (VP brought (NP *) (PRT on) (PP-CLR as (NP (NP the effect) (PP of (NP a desperate bid (S (NP-SBJ *) (VP to (VP avoid (NP (NP the deflationary shock) (PP of (NP a sudden crash)))))))))))))) .)) (TOP (S (NP-SBJ (NP Attacks) (PP on (NP inflation))) (VP come (PP-CLR with (NP (NP (NP another strategy) (PP of (NP capital)) (PP of (NP a (ADJP very traditional) sort))) : (NP (NP an assault) (PP on (NP wages)))))) .)) (TOP (S (NP-SBJ-2 Mr. Fukuyama) , (S-ADV (NP-SBJ *-2) (VP peering (PP through (NP binoculars)) (PP-CLR at (NP (NP the end) (PP of (NP history)))))) , (VP said (PP-LOC in (NP his essay)) (SBAR that `` (S (NP-SBJ-1 the class issue) (VP has (ADVP actually) (VP been (VP (ADVP-MNR successfully) resolved (NP *-1) (PP-LOC in (NP the West)))))))) ...)) (TOP (S (NP-SBJ (NP the egalitarianism) (PP of (NP modern America))) (VP represents (NP (NP the essential achievement) (PP of (NP (NP the classless society) (VP envisioned (NP *) (PP by (NP-LGS Marx))))))) . '')) (TOP (S (NP-SBJ-1 Mr. Fukuyama) (VP might (VP want (S (NP-SBJ *-1) (VP to (VP consult (NP some American workers) (PP on (NP (NP the subject) (PP of (NP class and egalitarianism))))))))) .)) (TOP (S (PP From (NP (NP its peak) (PP-TMP in (NP 1972)) (PP of (NP $ 198.41 *U*)))) , (NP-SBJ the average American weekly wage) (VP had (VP fallen (PP-DIR to (NP $ 169.28 *U*)) (PP-TMP in (NP 1987)) -- (S-ADV (NP-SBJ-1 both figures) (VP being (VP expressed (NP *-1) (PP-CLR in (NP 1977 dollars))))))) .)) (TOP (S (PP In (NP other words)) , (PP-TMP after (NP (NP the glory boom) (PP of (NP the Reagan years)))) , (NP-SBJ wages) (VP had (VP sunk (PP-DIR from (NP the (ADJP post World War II) peak)) (PP-EXT by (NP 16 %)) (SBAR-TMP as (S (NP-SBJ-1 capitalists) , (S-ADV (NP-SBJ-2 *-1) (VP helped (NP *-2) (PP by (NP-LGS the government)))) , (VP (VP turned (PRT down) (NP the screws)) or (VP went (ADVP-DIR offshore))))))) .)) (TOP (S But (NP-SBJ there) (VP are (NP-PRD (NP (NP signs (SBAR *ICH*-2)) (ADVP-TMP now)) (PRN -- (NP (NP the strikes) (PP by (NP (NP miners) , (NP Boeing workers) , (NP telephone workers) , etc.))) --) (SBAR-2 that (S (NP-SBJ-1 (NP this attack) (PP on (NP wages))) (VP is (VP being (VP (ADVP-MNR more fiercely) resisted (NP *-1)))))))) .)) (TOP (S (NP-SBJ These) (VP are (NP-PRD (NP long-term Richter readings) (PP on (NP American capitalism)))) .)) (TOP (S (NP-SBJ The whole structure) (VP is (ADJP-PRD extremely shaky)) .)) (TOP (S (NP-SBJ-3 Governments) (VP have (VP become (ADJP-PRD sophisticated) (PP in (S-NOM (NP-SBJ *-3) (VP handling (NP (NP moments) (PP of (NP (NP panic) (PRN -LRB- (NP (NP a word) (SBAR (WHNP-1 0) (S (NP-SBJ the London Times) (VP forbade (S (NP-SBJ my father) (VP to (VP use (NP *T*-1)))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ he) (VP was (VP reporting (NP the Wall Street crash) (PP-TMP in (NP 1929)) (ADVP-TMP *T*-2))))))))) -RRB-))))))))) .)) (TOP (S But (NP-SBJ sophistication) (VP has (NP its limits)) .)) (TOP (S (NP-SBJ The S&L bailout) (VP could (VP cost (NP (QP $ 300 billion) *U*) , (S-ADV (NP-SBJ *) (VP computing (NP (NP interest) (PP on (NP (NP the government 's) loans))))))) .)) (TOP (S (NP-SBJ These) (VP are (NP-PRD real costs)) .)) (TOP (SBARQ (WHPP-1 Under (WHNP what weights)) (SQ will (NP-SBJ the Federal Deposit Insurance Corporation) (VP totter (PP-LOC *T*-1))) ?)) (TOP (S (S (NP-SBJ-3 Capitalism) (VP may (ADVP-TMP now) (VP be (VP engineered (NP-4 *-3) (S-CLR (NP-SBJ *-4) (VP to (VP withstand (NP sudden shocks)))))))) , but (S (NP-SBJ there) (VP are (NP-PRD (NP fault lines) (PRN -- (NP (NP (NP the crisis) (PP-LOC in (NP profits))) , (NP (NP the assault) (PP on (NP wages))) , (NP (NP the structural inequity) (PP of (NP the system)))) --) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP make (NP fools) (PP-CLR of (NP (NP those) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP claim (SBAR (SBAR that (S (NP-SBJ the future) (VP is (ADVP-LOC-PRD here)))) and (SBAR that (S (NP-SBJ history) (VP is (ADVP-PRD over)))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Cockburn) (VP is (NP-PRD a columnist) (PP for (NP (NP The Nation) and (NP LA Weekly)))) .)) (TOP (S (NP-SBJ-2 (NP Japan Air Lines) , (NP Lufthansa German Airlines) and (NP Air France)) (ADVP reportedly) (VP (VP plan (S (NP-SBJ *-2) (VP to (VP form (NP an international air-freight company) (NP-TMP this year))))) , (NP-ADV (NP a move) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP (ADVP further) consolidate (NP the industry))))))) .)) (TOP (S (NP-SBJ Japanese newspaper Nihon Keizai Shimbun) (VP reported (SBAR that (S (NP-SBJ-1 the three giants) (VP plan (S (NP-SBJ *-1) (VP to (VP integrate (NP (NP their cargo computers) and (NP (ADJP ground-cargo and air-cargo) systems))))))))) .)) (TOP (S (NP-SBJ They) (ADVP reportedly) (VP will (VP invest (NP (NP a total) (PP of (NP (NP (QP 20 billion) yen) (PRN -LRB- (NP (QP $ 140 million) *U*) -RRB-)))) (PP-CLR in (NP (NP the venture) , (SBAR (WHNP-1 whose headquarters) (S (NP-SBJ *T*-1) (VP would (VP be (PP-LOC-PRD in (NP (NP France) or (NP West Germany))))))))))) .)) (TOP (S (NP-SBJ The action) (VP follows (NP (NP (NP Federal Express Corp. 's) acquisition) (PP of (NP Flying Tiger Line Inc.)) (PP-TMP in (NP August)))) .)) (TOP (SINV (S-TPC-2 (PP-TMP After (NP that)) , `` (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP would (VP make (NP sense) (SBAR-1 for (S (NP-SBJ-3 airlines) (VP to (VP talk (PP-CLR about (S-NOM (NP-SBJ *-3) (VP doing (NP things) (ADVP-MNR jointly)))))))))) , '') (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Cotton Daly) , (NP (NP director) (PP of (NP cargo services)) (PP for (NP New York consulting firm Simat , Helliesen & Eichner Inc)))) .)) (TOP (S (NP-SBJ Mr. Daly) (VP said (SBAR 0 (S (NP-SBJ-1 such discussions) (VP are (VP motivated (NP *-1) (PP by (NP-LGS (NP the competitive threat) (VP posed (NP *) (PP by (NP-LGS (NP Federal Express) , (NP (NP United Parcel Service) (PP of (NP America Inc.))) and (NP other fast-growing air-freight companies))))))))))) .)) (TOP (S (S (NP-SBJ Many airlines) (VP are (VP talking (PP-CLR about (NP cargo ventures))))) , and (S (NP-SBJ there) (VP have (VP been (NP-PRD (NP rumors) (PP about (NP (NP such a tie) (PP between (NP (NP JAL) and (NP European airlines))))))))) .)) (TOP (S (PP-LOC In (NP Tokyo)) , (NP-SBJ a JAL spokesman) (VP said (SBAR 0 (S (NP-SBJ he) (VP could n't (VP confirm or deny (NP the latest Japanese report)))))) .)) (TOP (S But (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ JAL) (VP is (VP talking (PP-CLR to (NP (NP Lufthansa) and (NP Air France))) (PP about (NP (NP some sort) (PP of (NP cargo venture))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP is (NP-PRD (NP just one) (PP of (NP (NP a number) (PP of (NP (NP strategies) (SBAR (WHNP-2 0) (S (NP-SBJ-3 JAL) (VP has (VP embarked (PP-CLR upon (NP *T*-2)) (S-PRP (NP-SBJ *-3) (VP to (VP come (PP-CLR to (NP terms)) (PP-CLR with (NP (NP the situation) (PP-LOC in (NP Europe)) (PP-TMP after (NP (NP 1992) , '' (NP (NP the deadline) (PP for (S-NOM (NP-SBJ *) (VP ending (NP (NP trade barriers) (PP-LOC in (NP the EC))))))))))))))))))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC In (NP Frankfurt)) , (NP-SBJ-1 a Lufthansa spokesman) (VP (VP confirmed (SBAR 0 (S (NP-SBJ talks) (VP are (PP-PRD under (NP way)))))) , but (VP declined (S (NP-SBJ *-1) (VP to (VP comment))))) .)) (TOP (S (NP-SBJ A Lufthansa spokeswoman) (PP-LOC in (NP Tokyo)) (VP said (SBAR 0 (S (NP-SBJ (NP the head) (PP of (NP (NP Lufthansa 's) cargo operations))) (VP had (VP been (PP-LOC-PRD in (NP Toyko)) (NP-TMP last week) (PP-PRP for (NP (NP talks) (PP with (NP JAL))))))))) .)) (TOP (S (PP-LOC In (NP Paris)) , (NP-SBJ-1 Air France) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 Nothing) (VP is (VP defined or signed (NP *-1) (PP-TMP at (NP this point))))) , '' (NP-SBJ Mr. Daly) (VP said (S *T*-2) (PP-CLR of (NP the talks))) .)) (TOP (S-2 (SBAR-ADV (WHNP-1 Whatever accord) (S (NP-SBJ the three carriers) (VP reach (NP *T*-1)))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))))) , (NP-SBJ he) (VP is (ADJP-PRD skeptical (SBAR 0 (S (NP-SBJ it) (VP would (VP create (NP a separate airline))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the three companies) (VP pool (NP their air-freight businesses)))) , (NP-SBJ their clout) (VP would (VP be (ADJP-PRD considerable))) .)) (TOP (S (PP According (PP to (NP (NP figures) (PP from (NP the International Air Transport Association))))) , (NP-SBJ they) (VP carried (NP (NP a combined (QP 1.8 million) tons) (PP of (NP freight))) (NP-TMP last year)) .)) (TOP (S (NP-SBJ (NP Federal Express) and (NP Flying Tiger)) , (PP as (NP separate companies)) , (VP carried (NP a combined (QP 2.6 million) tons)) .)) (TOP (S (NP-SBJ (NP Air France) and (NP Lufthansa)) (NP-TMP last month) (VP concluded (NP (NP a far-reaching cooperation accord) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (NP air-freight activities)))))) .)) (TOP (S (NP-SBJ-1 They) (VP plan (S (NP-SBJ *-1) (VP to (VP (VP increase (NP (NP cooperation) (PP-LOC in (NP freight ground-handling)))) and (VP create (NP (NP a world-wide computer system) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP process (NP cargo))))))))))) .)) (TOP (S-1 (S (NP-SBJ Other airlines) (VP would (VP have (NP (NP access) (PP to (NP the system)))))) (PRN , (S (NP-SBJ they) (VP said (SBAR 0 (S *T*-1)))) ,) and (S (NP-SBJ (NP negotiations) (PP with (NP partners))) (VP were (ADVP-TMP already) (PP-PRD under (NP way)))) .)) (TOP (S (NP-SBJ Both European airlines) (VP operate (NP (NP extensive fleets) (PP of (NP (NP Boeing 747 freighters) and (NP (NP 747 Combis) , (NP (NP aircraft) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP carry (NP both freight and passengers) (PP-LOC on (NP the main deck))))))))))) .)) (TOP (S (NP-SBJ They) (ADVP-TMP currently) (VP have (NP (NP large orders) (PP for (NP cargo planes)))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 (NP Several airlines) , (PP including (NP (NP Lufthansa) , (NP JAL) and (NP Cathay Pacific Airways))) ,) (VP (VP are (VP working (PP-CLR on (NP a so-called global cargo system)))) and (VP are (VP trying (S (NP-SBJ *-2) (VP to (VP attract (S (NP-SBJ other carriers) (VP to (VP join)))))))))) , (NP-SBJ Mr. Daly) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ JAL) (ADVP also) (VP has (VP signaled (SBAR 0 (S (NP-SBJ it) (VP is (VP looking (PP-CLR for (NP (NP toeholds) (PP-LOC in (NP Europe)) (PP-TMP before (NP (NP the end) (PP of (NP 1992)))))))))))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ the carrier) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP wanted (S (NP-SBJ *-1) (VP to (VP lease (NP crews and planes) (PP-CLR from (NP British Airways))))) (SBAR-PRP so (S (NP-SBJ it) (VP could (VP funnel (NP its passengers) (PP-DIR from (NP London)) (PP-DIR to (NP other European destinations)))))))))) .)) (TOP (S (NP-SBJ British Airways) (VP said (SBAR 0 (S (NP-SBJ it) (VP has n't (VP received (NP a proposal) (PP-DIR from (NP JAL))))))) .)) (TOP (S But (NP-TMP last week) (NP-SBJ there) (VP were (NP-PRD (NP (NP air-traffic negotiations) (PP between (NP (NP the U.K.) and (NP Japan)))) , (NP (NP a likely first step) (PP to (NP (NP any commercial agreement) (PP between (NP (NP JAL) and (NP (NP British Airways) or (NP another U.K. carrier))))))))) .)) (TOP (S (NP-SBJ Federal Paper Board Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP the (ADJP previously announced) purchase) (PP of (NP (NP Imperial Cup Corp.) , (NP (NP a (ADJP closely held) maker) (PP of (NP paper cups)) (VP based (NP *) (PP-LOC-CLR in (NP (NP Kenton) , (NP Ohio)))))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Imperial Cup) (VP has (NP (NP annual sales) (PP of (NP (QP approximately $ 75 million) *U*)))) .)) (TOP (S (NP-SBJ Federal Paper Board) (VP sells (NP paper and wood products)) .)) (TOP (S (PP-LOC In (NP a move (S (NP-SBJ *) (VP to (VP prevent (NP (NP any dislocation) (PP-LOC in (NP the financial markets)) (PP from (NP the California earthquake)))))))) , (NP-SBJ the Securities and Exchange Commission) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP-TMP temporarily) (VP reassigned (NP (NP options) (VP listed (NP *) (PP-LOC on (NP the Pacific Stock Exchange)))) (PP-CLR (PP to (NP the (UCP American , New York and Philadelphia) stock exchanges)) and (PP to (NP the Chicago Board Options Exchange))))))) .)) (TOP (S (NP-SBJ-1 (NP The decision) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP affects (NP (NP millions) (PP of (NP (NP dollars) (PP of (NP trading positions)))))))) ,) (VP was (VP made (NP *-1) (NP-TMP late yesterday) (SBAR-PRP because (S (NP-SBJ-2 (NP the Pacific exchange 's) options floor) (VP was (VP shut (NP *-2) (PRT down) (PP-PRP as (NP (NP a result) (PP of (NP (NP Tuesday 's) earthquake)))))))))) .)) (TOP (S (NP-SBJ-3 The SEC) , (S-ADV (NP-SBJ-4 *-3) (VP faced (NP *-4) (PP-CLR with (NP (NP a major squeeze) (PP-LOC on (NP options positions)))))) , (VP said (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-2)) (VP was (ADJP-PRD necessary) (S-2 (NP-SBJ *) (VP to (VP ensure (SBAR that (S (NP-SBJ-1 (NP options) (VP listed (NP *) (PP-LOC on (NP the exchange)))) (VP could (VP be (VP traded (NP *-1) (NP-TMP today and tomorrow))))))))))))) .)) (TOP (S (NP-SBJ SEC Chairman Richard Breeden) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the cooperation) (PP by (NP the exchanges))) (VP would (VP enable (S (NP-SBJ investors) (VP to (VP buy and sell (NP (NP options) (VP listed (NP *) (PP-LOC (ADVP solely) on (NP the Pacific exchange))))))) , (S-ADV (NP-SBJ *-1) (VP guaranteeing (NP (NP the liquidity) (PP of (NP the market)))))))))) .)) (TOP (S (NP-SBJ (NP Officials) (PP-LOC at (NP the four exchanges))) (VP said (SBAR 0 (S (NP-SBJ (NP (QP well over 50) traders) (PP from (NP the Pacific exchange))) (VP were (VP taking (NP (NP flights) (PP from (NP San Francisco)) (PP *ICH*-1)) (NP-TMP late yesterday) (PP-1 (PP to (NP the (UCP American , New York and Philadelphia) exchanges)) and (PP to (NP (NP the CBOE) , (SBAR (WHADVP-2 where) (S (NP-SBJ-3 they) (VP would (VP continue (S (NP-SBJ *-3) (VP making (NP (NP markets) (PP-LOC in (NP the Pacific-listed options))))) (ADVP-LOC *T*-2))))))))))))) .)) (TOP (S (NP-SBJ The Big Board) (VP said (SBAR 0 (S (NP-SBJ carpenters) (VP (ADVP-MNR quickly) erected (NP (NP a new options floor) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP accomodate (NP (NP 40 traders) (PP from (NP the Pacific exchange)))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 (NP specialists) (PP-LOC on (NP the exchanges))) (VP agreed (S (NP-SBJ *-1) (VP to (VP provide (NP (NP backup capital) (PP for (NP (NP market-making) (PP-LOC in (NP (NP Pacific exchange options) (VP traded (NP *) (PP-LOC on (NP the exchanges)))))))))))) .)) (TOP (S (NP-SBJ Trading) (VP was (ADJP-PRD light) (PP-LOC on (NP the Pacific Stock Exchange)) (NP-TMP yesterday) , (PP with (S-NOM (NP-SBJ-1 (NP workers) (PP-LOC at (NP (NP (NP the exchange 's) main floor) (PP-LOC in (NP San Francisco))))) (VP struggling (S (NP-SBJ *-1) (VP to (VP execute (NP orders) (PP-MNR by (NP flashlight)) (PP-PRP as (NP (NP a result) (PP of (NP a continuing power outage))))))))))) .)) (TOP (S (NP-SBJ The (ADJP most pressing) problem) (VP was (NP-PRD (NP the suspension) (PP of (NP options trading)))) .)) (TOP (S (NP-SBJ The Pacific exchange) (VP has (NP (NP options) (PP for (NP (NP 129 underlying stock issues) , (PP including (NP (NP (ADJP highly active) Hilton Hotels Corp.) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP listed (NP *-1) (PP-LOC on (NP the Big Board)))))))))))) .)) (TOP (S (NP-SBJ Investors) (VP were (ADJP-PRD concerned (SBAR that (S (NP-SBJ-2 they) (VP might (VP be (ADJP-PRD unable (S (NP-SBJ *-2) (VP to (VP exercise (NP (NP options) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP expire (NP-TMP tomorrow))))))))))))))) .)) (TOP (S But (NP-SBJ professionals) (VP said (PP-TMP throughout (NP the day)) (SBAR that (S (NP-SBJ the shutdown) (VP would n't (VP be (NP-PRD (NP a cause) (PP for (NP alarm))) (SBAR-ADV even if (S (NP-SBJ-1 it) (VP were (S (NP-SBJ *-1) (VP to (VP persist (PP-TMP for (NP several days))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP 've (VP told (NP my staff and clients) (SBAR that (S (NP-SBJ they) (ADVP-TMP still) (VP have (NP the ability (S (NP-SBJ *) (VP to (VP exercise (NP their options))))) , (SBAR-PRP because (S (NP-SBJ-1 they) (VP are (VP guaranteed (NP *-1) (PP by (NP-LGS the Options Clearing Corp.)))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Michael Schwartz) , (NP (NP a senior registered options strategist) (PP-LOC at (NP Oppenheimer & Co)))) .)) (TOP (S (NP-SBJ-1 The SEC) (VP reassigned (NP (NP trading) (PP in (NP the options))) , (ADVP however) , (S-PRP (NP-SBJ *-1) (VP to (VP allow (S (NP-SBJ investors) (VP to (VP do (NP (NP more) (SBAR than (S (NP-SBJ *) (ADVP simply) (VP exercise (NP the options)))))))))))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ (NP (NP the exchange 's) equities floor) (PP-LOC in (NP San Francisco))) (VP remained (ADJP-PRD open) (PP on (NP a limited basis))))) , (NP-SBJ-1 orders) (VP were (VP being (VP routed and executed (NP *-1) (PP-LOC in (NP Los Angeles))))) .)) (TOP (S (S (NP-SBJ Workers) (VP could (VP dial (ADVP-DIR out)))) , but (S (NP-SBJ they) (VP could n't (VP receive (NP telephone calls)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP 's (NP-PRD a (ADJP very uncertain) situation) (ADVP-TMP right now))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Navin Vyas) , (NP (NP administrative assistant) (PP of (NP (NP trading floor operations) (PP of (NP (NP the exchange) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP daily volume) (PP of (NP (QP about 10 million) shares)))))))))))) .)) (TOP (S (S-TPC-1 (SBAR-PRP Because (S (NP-SBJ (NP the exchange 's) computer) (VP was (VP rerouting (NP orders) (PP-DIR to (NP (NP (NP the exchange 's) trading operations) (PP-LOC in (NP Los Angeles)))))))) , `` (NP-SBJ business) (VP is (PP-PRD as (ADJP usual))) '') (NP-SBJ Mr. Vyas) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ one city) (VP is (ADJP-PRD down)))) , (NP-SBJ the other) (VP can (VP take (PRT over))) . '')) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 (NP the brokerage firms) (PP-LOC in (NP San Francisco))) (VP were (VP trying (S (NP-SBJ *-1) (VP to (VP cope))))) .)) (TOP (S (NP-SBJ (NP Charles Daggs) , (NP (NP (NP chairman) and (NP chief executive officer)) (PP of (NP Sutro & Co.))) ,) (VP said (SBAR 0 (S (NP-SBJ traders) (VP (VP came (PP-DIR to (NP work)) (PP-TMP at (NP 5 a.m. PDT)) (PRN -- (S-ADV (NP-SBJ many) (PP-PRD on (NP foot)) (PP-PRP because of (NP uncertain road and traffic conditions))) --)) but (VP learned (SBAR that (S (NP-SBJ-2 they) (VP would (VP have (S (NP-SBJ *-2) (VP to (VP await (NP (NP a required inspection) (PP by (NP the city)))))) (SBAR-PRP in order (S (NP-SBJ *-2) (VP to (VP turn (NP the power) (ADVP-CLR back) (PRT on) (PP-LOC at (NP (NP the company 's) two main facilities there))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ That) (VP should (VP happen (PP-TMP by (NP today))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Traders) (VP worked (PP with (NP (NP the help) (PP of (NP (NP sunlight) (VP streaming (PP-DIR through (NP windows))))))) , (PP despite (NP (NP (NP large cracks) (PP-LOC in (NP the walls))) and (NP (NP a lack) (PP of (NP incoming phone calls)))))) .)) (TOP (S (ADVP Also) , (NP-SBJ (NP most) (PP of (NP the telecommunications equipment))) (VP was (ADJP-PRD out)) .)) (TOP (S (NP-SBJ The traders) (VP were (VP executing (NP (NP municipal bond (NX *RNR*-2)) , (NP mutual fund (NX *RNR*-2)) and (NP other (NX *RNR*-2)) (NX-2 orders)) (PP through (NP (NP a sister firm) , (NP Tucker Anthony Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP (VP is (ADVP also) (VP owned (NP *-3) (PP by (NP-LGS John Hancock Freedom Securities)))) but (VP is (VP based (NP *-3) (PP-LOC-CLR in (NP New York))))))))))) .)) (TOP (S `` (NP-SBJ We) (VP are (VP having (NP a regular day))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Volume) (PP *ICH*-2)) (VP is (ADVP-PRD down) (PP-2 (PP out (PP of (NP San Francisco))) , but not (PP out (PP of (NP the 11 outlying offices)))))) , '' (NP-SBJ Mr. Daggs) (VP added (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Sutro 's) Oakland office) (VP executed (NP orders) (PP through (NP (NP the Sacramento office) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP was n't (VP affected (NP *-2) (PP by (NP-LGS the quake))))))))) .)) (TOP (S (NP-SBJ (NP Others) , (PP like (NP (NP Prudential-Bache Securities Inc.) , (SBAR (WHNP-4 which) (S (NP-SBJ *T*-4) (VP has (NP eight offices) (PP-LOC in (NP the San Francisco area))))) ,))) (VP set (PRT up) (NP an 800 number) (NP-TMP yesterday morning) (SBAR-ADV for (S (NP-SBJ customers) (VP to (VP obtain (NP (NP market commentary) and (NP other help))))))) .)) (TOP (S (PP-LOC At (NP (NP Kidder , Peabody & Co. 's) Sacramento branch)) , (NP-SBJ Manager Janet White) (VP received (NP calls) (NP-TMP yesterday morning) (PP-CLR from (NP (NP workers) (PP-LOC in (NP San Francisco)) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP offered (S (NP-SBJ *-2) (VP to (VP work (PP-LOC in (NP Sacramento))))))))))) .)) (TOP (S Then (NP-SBJ she) (VP discovered (SBAR that (S (NP-SBJ (NP Quotron Systems Inc. 's) Sacramento lines) (VP were (ADJP-PRD down) , (SBAR-PRP because (S (NP-SBJ-2 they) (VP are (ADVP normally) (VP tied (NP *-2) (ADVP in) (PP through (NP (NP a system) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP goes (PP-DIR through (NP San Francisco))))))))))))))) .)) (TOP (S So (NP-SBJ-1 the Kidder brokers) (VP had (S (NP-SBJ-2 *-1) (VP to (VP call (NP other company offices) (S-PRP (NP-SBJ *-2) (VP to (VP get (NP (NP quotes) (PP on (NP stocks)))))))))) .)) (TOP (S (PP-LOC At (NP Quotron)) , (NP-SBJ-1 (NP (NP the company 's) National Call-In Center) , (SBAR (WHNP-8 which) (S (NP-SBJ *T*-8) (VP swung (PP-CLR into (NP action)) (PP-TMP for (NP the first time)) (NP-TMP last month) (PP for (NP Hurricane Hugo))))) ,) (VP assembled (NP (NP a tactical team) (SBAR *ICH*-4)) (PP-TMP at (NP 5 a.m.)) (NP-TMP yesterday) (SBAR-4 (WHNP-3 0) (S (NP-SBJ-2 *T*-3) (VP to (VP (VP begin (S (NP-SBJ *-2) (VP rerouting (NP lines)))) and (VP restore (NP service) (PP-CLR to (NP brokers and traders)))))))) .)) (TOP (S (NP-SBJ The company) (VP dispatched (NP (SBAR *T*-2) (NP (QP as many as 200) people)) (PP-LOC-CLR in (NP the San Francisco area)) (SBAR-TPC-2 (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP do (NP the work))))) , (SBAR-ADV though (S (NP-SBJ-1 (NP most) (PP of (NP the rerouting))) (VP was (VP done (NP *-1) (PP by (NP-LGS computer))))))) .)) (TOP (S (NP-SBJ-2 Service) (VP appeared (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD down) (PP-LOC throughout (NP (NP the financial district) (PP-LOC in (NP downtown San Francisco)))) , (SBAR-ADV while (S (NP-SBJ-1 (NP just parts) (PP of (NP (NP Oakland) and (NP San Jose)))) (VP were (VP knocked (NP *-1) (PRT out))))))))) .)) (TOP (S But (NP-SBJ (NP Dale Irvine) , (NP (NP director) (PP of (NP the emergency center))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 service) (VP was (VP being (VP restored (NP *-1) (PP-CLR to (NP outlying San Francisco areas)))))))) .)) (TOP (S (PP-LOC In (NP Chicago)) (NP-TMP yesterday) , (NP-SBJ Options Clearing) (VP confirmed (SBAR that (S (NP-SBJ it) (VP guarantees (NP the Pacific exchange options))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The firm) (ADVP also) (VP will (VP permit (S (NP-SBJ (NP its members) and (NP the public)) `` (VP to (VP exercise (NP (NP their put and call options contracts) (VP traded (NP *) (PP-LOC on (NP the Pacific exchange)))))) '') (SBAR-ADV even if (S (NP-SBJ the exchange) (VP is (ADJP-PRD closed))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Wayne Luthringshausen) , (NP (NP chairman) (PP of (NP Options Clearing)))) .)) (TOP (S -LRB- (NP-SBJ Put options) (VP give (NP holders) (NP (NP the right (S *RNR*-1)) , but not (NP the obligation (S *RNR*-1)) , (S-1 (NP-SBJ *) (VP to (VP sell (NP a financial instrument) (PP-CLR at (NP a specified price)))))) , (SBAR-ADV while (S (NP-SBJ call options) (VP give (NP holders) (NP (NP the right (S *RNR*-2)) , but not (NP the obligation (S *RNR*-2)) , (S-2 (NP-SBJ *) (VP to (VP buy (NP a financial instrument) (PP-CLR at (NP a specified price)))))))))) -RRB- .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Investors and traders) (PP-LOC in (NP Pacific exchange options))) `` (VP are (VP protected (NP *-1) (PP-EXT to (NP the extent (SBAR that (S (NP-SBJ they) (VP can (VP convert (NP their put and call options) (PP-CLR into (NP the underlying instrument))))))))))) , '' (NP-SBJ Mr. Luthringshausen) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S `` (NP-SBJ We) (VP are (VP seeing (NP such exercises) (NP-TMP today) , (PP in (NP fact)))) .)) (TOP (S (NP-SBJ International Business Machines Corp.) (VP said (SBAR 0 (S (NP-SBJ its board) (VP (VP approved (NP (NP the purchase) (PP of (NP (NP (QP $ 1 billion) *U*) (PP of (NP its common shares)))))) , (NP-ADV (NP a move) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP should (VP help (S (NP-SBJ *-2) (VP support (NP its battered stock)))))))))))) .)) (TOP (S (SBAR-ADV Even as (S (NP-SBJ the stock market) (VP has (ADVP generally) (VP done (ADVP-MNR well) (NP-TMP this year))))) , (NP-SBJ (NP IBM 's) shares) (VP have (VP slipped (ADVP-MNR steadily) (PP-DIR from (NP (NP its 52-week high) (PP of (NP $ 130.875 *U*)))))) .)) (TOP (S (NP-SBJ-2 (NP (NP Yesterday 's) closing price) (PP of (NP $ 101.75 *U*))) , (S-ADV (NP-SBJ *-2) (ADVP-PRD down (NP 50 cents)) , (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange))))) , (VP puts (NP the stock) (PP-PUT at (NP (NP (QP about 1 1 times) book value) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD (ADJP as low) (SBAR as (S (NP-SBJ it) (VP has (VP sunk (PP-TMP over (NP the past decade))))))))))))) .)) (TOP (S (NP-SBJ The announcement) (VP came (PP-TMP after (NP (NP the market 's) close))) .)) (TOP (S (NP-SBJ (NP The move) (PP by (NP IBM))) (VP was n't (ADVP exactly) (NP-PRD a surprise)) .)) (TOP (S (NP-SBJ-1 The company) (VP has (VP spent (NP (QP some $ 5 billion) *U*) (PP-TMP over (NP the past (QP 3 1) years)) (S-PRP (NP-SBJ *-1) (VP to (VP buy (ADVP-CLR back) (NP (NP (QP 42 million) common shares) , or (NP (NP (QP roughly 7) %) (PP of (NP (NP those) (ADJP outstanding)))))))))) .)) (TOP (S (PP In (NP addition)) , (PP despite (NP (NP IBM 's) well-publicized recent problems)) , (NP-SBJ the computer giant) (ADVP-TMP still) (VP generates (NP (NP enormous amounts) (PP of (NP cash)))) .)) (TOP (S (PP-TMP As (PP of (NP (NP the end) (PP of (NP the second quarter))))) , (NP-SBJ it) (VP had (NP (NP (QP $ 4.47 billion) *U*) (PP of (NP (NP cash) and (NP marketable securities)))) (PP-LOC-CLR on (NP hand))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ some securities analysts) (VP had (VP predicted (PP-TMP in (NP recent days)) (SBAR that (S (NP-SBJ IBM) (VP would (VP authorize (NP additional purchases))))))) .)) (TOP (S (PP-LOC In (NP (NP Armonk) , (NP N.Y.) ,)) (NP-SBJ a spokesman) (VP said (SBAR that (S (SBAR-ADV although (S (NP-SBJ IBM) (VP did n't (VP view (NP its spending) (PP-CLR as (NP (NP necessarily a way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP support (NP the stock) (ADVP-MNR *T*-1))))))))))) , (NP-SBJ it) (VP thought (SBAR 0 (S (NP-SBJ the purchases) (VP were (NP-PRD (NP a good way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP improve (NP (NP such financial measurements) (PP as (NP (NP per-share earnings) and (NP (NP return) (PP on (NP equity)))))) (ADVP-MNR *T*-2))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP view (NP it) (PP-CLR as (NP a good long-term investment)))) , '' (NP-SBJ the spokesman) (VP said (S *T*-1)) .)) (TOP (S (PP-TMP In (NP the short term)) , (NP-SBJ-1 the move) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP have (NP little effect)))))) .)) (TOP (S (PP At (NP (NP yesterday 's) closing price)) , (NP-SBJ (QP $ 1 billion) *U*) (VP would (VP buy (ADVP-CLR back) (NP (NP (QP about 10 million) shares) , or (NP (NP (QP less than 2) %) (PP of (NP (NP the (QP roughly 580 million)) (ADJP outstanding))))))) .)) (TOP (S (PP In (NP addition)) , (PP-TMP as (PP of (NP Sept. 30))) , (NP-SBJ the company) (ADVP-TMP still) (VP had (NP authorization (S (NP-SBJ *) (VP to (VP buy (NP (NP (QP $ 368 million) *U*) (PP of (NP stock))))))) (PP-LOC under (NP a prior repurchase program))) .)) (TOP (S (PP-TMP Over (NP the long term)) , (ADVP however) , (NP-SBJ (NP (NP IBM 's) stock repurchases) (PRN -- (PP along (PP with (NP (NP its hefty , (ADJP $ 4.84-a-share *U*) annual dividend) and (NP (NP (ADJP generally loyal) following) (PP-LOC among (NP large institutional investors)))))) --)) (VP are (VP providing (NP a floor) (PP for (NP the stock price)))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 IBM) (NP-TMP last year) (VP (VP produced (NP (NP its first strong results) (PP-TMP in (NP four years)))) and (VP was (VP expected (S (NP-SBJ-2 *-1) (VP to (VP continue (S (NP-SBJ *-2) (VP to (VP roll))) (NP-TMP this year))))))))) , (NP-SBJ-3 it) (VP began (S (NP-SBJ *-3) (VP faltering)) (ADVP-TMP (ADVP as early) (PP as (NP January)))) .)) (TOP (S (ADVP First) , (NP-SBJ-1 it) (VP had (NP (NP trouble) (S-NOM (NP-SBJ *-1) (VP manufacturing (NP (NP a chip) (PP for (NP (NP its mainframes) , (NP (NP IBM 's) bread-and-butter business)))))))) .)) (TOP (S Then (NP-SBJ-1 it) (VP had (NP (NP a series) (PP of (NP smaller glitches)) , (PP including (NP (NP (NP problems) (S-NOM (NP-SBJ *-1) (VP manufacturing (NP certain personal computers)))) and (NP (NP the delay) (PP-LOC in (NP (NP the announcement) (PP of (NP some important workstations))))))))) .)) (TOP (S (ADVP Finally) , (NP-SBJ-2 IBM) (VP had (S (NP-SBJ *-2) (VP to (VP delay (NP (NP the introduction) (PP of (NP (NP some high-end disk drives) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP account (PP-CLR for (NP (NP 10 %) (PP of (NP (NP its (QP $ 60 billion) *U*) (PP of (NP annual revenue)))))))))))))))) .)) (TOP (S (S (NP-SBJ (NP None) (PP of (NP the problems))) (VP is (ADJP-PRD necessarily fatal))) , and (S (NP-SBJ they) (VP are n't all (ADJP-PRD necessarily even related))) .)) (TOP (S (NP-SBJ There) (VP are (ADVP also) (NP-PRD (NP other factors) (PP at (NP work)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (PP-LOC-PRD outside (NP (NP IBM 's) control))))) , (PP such as (NP currency exchange rates)))) .)) (TOP (S (NP-SBJ-4 (NP The strong dollar) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP reduces (NP (NP the value) (PP of (NP overseas earnings and revenue))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 they) (VP are (VP translated (NP *-1) (PP-CLR into (NP dollars)) (ADVP-TMP *T*-3)))))))) ,) (VP is (VP expected (S (NP-SBJ *-4) (VP to (VP knock (NP (QP 80 to 85) cents) (PP-CLR off (NP (NP (NP IBM 's) per-share earnings) (PP for (NP the full year))))))))) .)) (TOP (S (PP Without (NP that problem)) , (NP-SBJ IBM) (VP might (VP have (VP matched (NP (NP (NP last year 's) earnings) (PP of (NP (NP (QP $ 5.81 billion) *U*) , or (NP (NP $ 9.80 *U*) (NP-ADV a share)))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ investors) (VP will (VP take (NP some convincing) (SBAR-TMP before (S (NP-SBJ they) (VP get (ADVP-CLR back) (PP-DIR into (NP (NP IBM 's) stock)) (PP-MNR in (NP a big way))))))) .)) (TOP (S (NP-SBJ (NP Steve Milunovich) , (NP (NP a securities analyst) (PP-LOC at (NP First Boston))) ,) (VP said (SBAR that (S (SBAR-ADV while (S (NP-SBJ investors) (VP were (VP looking (PP-CLR for (NP (NP an excuse) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP buy (NP IBM shares) (ADVP *T*-1))))))) (ADVP-TMP (NP a year) ago))))) , (NP-SBJ even the big institutional investors) (VP are (VP looking (PP-CLR for (NP (NP a reason) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP avoid (NP the stock) (ADVP-PRP *T*-2))))))) (NP-TMP these days)))))) .)) (TOP (S (PP-LOC On (NP Wall Street)) (NP-TMP yesterday) , (NP-SBJ (NP northern California 's) killer earthquake) (VP was (NP-PRD (ADJP just another) chance (S (NP-SBJ *) (VP to (VP make (NP a buck)))))) .)) (TOP (S (PP-TMP At (NP the opening bell)) , (NP-SBJ-1 investors) (VP (ADVP-MNR quickly) began (S (NP-SBJ *-1) (VP singling (PRT out) (NP (NP shares) (PP of (NP (NP companies) (SBAR (WHNP-2 0) (S (NP-SBJ-3 *T*-2) (VP expected (S (NP-SBJ *-3) (VP to (VP profit or suffer (PP-MNR in (NP some way)) (PP-CLR from (NP the California disaster)))))))) , (PP including (NP (NP insurers) , (NP construction-related companies) , (NP refiners) and (NP housing lenders))))))))) .)) (TOP (S (S (NP-SBJ-2 Brokerage houses) (VP jumped (ADVP-DIR in) , (S-ADV (NP-SBJ *-2) (VP touting (NP `` post-quake demand '' stocks))))) , and (S (NP-SBJ Kidder , Peabody & Co.) (VP set (PRT up) (NP (NP a toll-free hot line) (PP for (NP (NP San Franciscans) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP might (VP need (NP (NP emergency investment advice) and (NP (NP help) (PP in (S-NOM (NP-SBJ *-3) (VP transferring (NP funds))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Wall Street) (VP thinks (PP-CLR of (NP everything)) (PP-MNR in (NP (NP terms) (PP of (NP money)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Tom Gallagher) , (NP a senior Oppenheimer & Co. trader)) .)) (TOP (S-1 (ADVP However) (PRN , (S (NP-SBJ he) (VP added (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 such event-driven trading moves) (VP (VP (ADVP typically) last (NP-TMP (QP only a few) hours)) and (VP are (ADVP-TMP often) (VP made (NP *-2) (PP without (NP full information))))) .)) (TOP (S (NP-SBJ (NP The (ADJP most popular) plays) (PP-TMP of (NP the day))) (VP were (NP-PRD (NP insurance companies) (PP such as (NP (NP (NP General Re Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP rose (NP-EXT $ 2.75 *U*) (PP-DIR to (NP $ 86.50 *U*))))) ,) (NP (NP Nac Re Corp.) , (ADVP up (NP $ 2 *U*) (PP to (NP $ 37.75 *U*))) ,) (NP (NP American International Group Inc.) , (ADVP up (NP $ 3.25 *U*) (PP to (NP $ 102.625 *U*))) ,) and (NP (NP Cigna Corp.) , (ADVP up (NP 87.5 cents) (PP to (NP $ 62.50 *U*)))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ (NP the brokerage firm) (NP Conning & Co.)) (VP said (SBAR 0 (S (NP-SBJ-2 insurers) (VP will (VP use (NP the earthquake) (PP-CLR as (NP (NP an excuse) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP raise (NP insurance rates) (ADVP *T*-1))))))) , (S-ADV (NP-SBJ *-2) (VP ending (NP their long price wars)))))))) .)) (TOP (S (SBAR-TMP Before (S (NP-SBJ this bullish theory) (VP surfaced))) , (NP-SBJ some insurance stocks) (ADVP-TMP initially) (VP fell , (S-ADV (NP-SBJ *) (VP indicating (SBAR that (S (NP-SBJ investors) (VP thought (SBAR 0 (S (NP-SBJ the quake) (VP might (VP cost (NP insurers) (NP (NP a lot) (PP of (NP money))))))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ (NP (NP Fireman 's) Fund Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP ended (NP the day) (ADVP off (NP 50 cents) (PP to (NP $ 36.50 *U*)))))) ,) (VP said (SBAR 0 (S (NP-SBJ earthquake damage) (VP would (VP (ADVP-MNR slightly) hurt (NP fourth-quarter profit)))))) .)) (TOP (S (PP On (NP (NP the prospect) (PP for (S-NOM (NP-SBJ *) (VP rebuilding (NP northern California)))))) , (NP-SBJ investors) (VP bid (ADVP-CLR up) (NP (NP (NP cement-makers Calmat Co.) , (ADVP up (NP $ 2.75 *U*) (PP to (NP $ 28.75 *U*))) ,) and (NP (NP Lone Star Industries Inc.) , (ADVP up (NP $ 1.75 *U*) (PP to (NP $ 29.25 *U*)))))) .)) (TOP (S (NP-SBJ (NP Bridge and road builders) (PP *ICH*-2)) (VP had (NP a field day) , (PP-2 including (NP (NP (NP Kasler Corp.) , (ADVP up (NP $ 2.125 *U*) (PP to (NP $ 9.875 *U*))) ,) (NP (NP Guy F. Atkinson Co.) , (ADVP up (NP 87.5) (PP to (NP $ 61.875 *U*))) ,) and (NP (NP Morrison Knudsen Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP reported (NP higher third-quarter earnings) (NP-TMP yesterday) , (ADVP up (NP $ 2.25 *U*) (PP to (NP $ 44.125 *U*)))))))))) .)) (TOP (S (NP-SBJ (NP Fluor Corp.) , (NP a construction engineering firm) ,) (VP gained (NP 75 cents) (PP-DIR to (NP $ 33.375 *U*))) .)) (TOP (S But (NP-SBJ home-building stocks) (VP were (NP-PRD a mixed bag)) .)) (TOP (S (NP-SBJ Timber stocks) (VP got (NP a big boost)) .)) (TOP (S (NP-SBJ (NP (NP (NP Georgia Pacific Corp.) , (ADVP up (NP $ 1.25 *U*) (PP to (NP $ 58 *U*))) ,) and (NP (NP Maxxam Inc.) , (ADVP up (NP $ 3 *U*) (PP to (NP $ 43.75 *U*))) ,))) both (VP reported (NP strong profits)) .)) (TOP (S (NP-SBJ Merrill Lynch & Co.) (VP touted (NP (NP Georgia-Pacific) , (NP Louisiana Pacific Corp.) and (NP Willamette Industries Inc.)) (PP-CLR as (NP the best post-quake plywood plays))) .)) (TOP (S (NP-SBJ Other gainers) (VP were (NP-PRD (NP companies) (PP with (NP (QP one or more) undamaged California refineries)))) .)) (TOP (S (S (NP-SBJ Tosco Corp.) (VP jumped (NP-EXT $ 1.125 *U*) (PP-DIR to (NP $ 20.125 *U*)))) and (S (NP-SBJ Chevron Corp.) , (PP despite (NP a temporary pipeline shutdown)) , (VP rose (NP-EXT $ 1 *U*) (PP-DIR to (NP $ 65 *U*)))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 (NP shares) (PP of (NP some big housing lenders))) (VP got (VP hit (NP *-1) , (PP on (NP the likelihood (SBAR that (S (NP-SBJ (NP (NP the lenders ') collateral) (PRN -- (NP (NP people 's) homes) --)) (VP suffered (NP (NP physical damage) and (ADVP perhaps) (NP (NP a loss) (PP-LOC in (NP value))))))))))) .)) (TOP (S (S (NP-SBJ Wells Fargo & Co.) (VP fell (NP-EXT 50 cents) (PP-DIR to (NP $ 81.50 *U*)))) , and (S (NP-SBJ BankAmerica Corp.) (VP fell (NP-EXT 50 cents) (PP-DIR to (NP $ 31.875 *U*)))) .)) (TOP (S (NP-SBJ (NP Some California thrift stocks) (PP *ICH*-2)) (ADVP also) (VP fell , (PP-2 including (NP (NP (NP Golden West Financial Corp.) and (NP H.F. Ahmanson & Co.)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP reported (NP lower earnings) (NP-TMP yesterday))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Property values) (VP did n't (VP go (ADVP-DIR up) (PP-LOC in (NP California)) (NP-TMP yesterday)))) , '' (VP says (S *T*-1)) (NP-SBJ one money manager) .)) (TOP (S (NP-SBJ Pacific Gas & Electric Co.) (VP fell (NP-EXT 37.5 cents) (PP-DIR to (NP $ 19.625 *U*))) .)) (TOP (S (NP-SBJ-1 (NP One) (PP of (NP its power generators))) (VP was (VP damaged (NP *-1) , (SBAR-ADV though (S (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ there) (VP wo n't (VP be (NP-PRD any financial impact)))))))))) .)) (TOP (S (NP-SBJ Pacific Telesis Group) (VP lost (NP 62.5 cents) (PP-DIR to (NP $ 44.625 *U*))) .)) (TOP (S (S (NP-SBJ A computer failure) (VP delayed (NP its earnings announcement))) , and (S (NP-SBJ some investors) (VP think (SBAR 0 (S (NP-SBJ it) (VP might (VP have (NP extra costs (S (NP-SBJ *) (VP to (VP repair (NP damaged telephone lines))))))))))) .)) (TOP (S (NP-SBJ (NP Heavy construction) , (NP property-casualty insurance) and (NP forest products)) (VP were (PP-LOC-PRD among (NP (NP the (ADJP best performing) industry groups) (PP-LOC in (NP the Dow Jones Equity Market Index)))) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ (NP Friday 's) stock market plunge) (VP claimed (NP (NP its second victim) (PP-LOC among (NP (NP the scores) (PP of (NP (NP futures and options trading firms) (ADVP-LOC here))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Petco Options) , (NP (NP an options trading firm) (VP owned (NP *) (PP by (NP-LGS (NP the family) (PP of (NP (NP the deceased former (NAC Chicago Board (PP of (NP Trade))) chairman) (NP Ralph Peters))))))) ,) (VP is (VP getting (ADVP-DIR out (PP of (NP the (NX trade clearing (NX *RNR*-3)) (PRN , or (NX processing and guaranteeing (NX *RNR*-3)) ,) (NX-3 business)))) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP sustaining (NP a (ADJP multimillion dollar) loss) (NP-TMP Friday))))))) , (NP-SBJ options industry officials) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-4 (NP-SBJ-3 (NP (QP Nearly 75) options traders) (PP-LOC on (NP the Chicago Board Options Exchange)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP cleared (NP trades) (PP through (NP Petco))))) , (PP including (NP (NP a handful) (PP of (NP traders)) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP lost (NP (QP between $ 500,000 to $ 1 million) *U*) (ADVP themselves) (PP-PRP as (NP (NP a result) (PP of (NP (NP Friday 's) debacle))))))))) ,) (VP are (VP trying (S (NP-SBJ *-3) (VP to (VP transfer (NP their business) (PP-CLR to (NP other clearing firms)))))))) , (NP-SBJ CBOE members) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ (NP Timothy Vincent) , (NP Petco chief executive officer) ,) (VP confirmed (SBAR that (S (NP-SBJ Petco) (VP was (VP withdrawing (PP-DIR from (NP the clearing business))))))) .)) (TOP (S `` (S-TPC-3 (S (NP-SBJ (NP The owners) (PP of (NP the company))) (VP got (NP (NP a look) (PP at (NP (NP the potential risks) (PP-LOC in (NP this business))))))) , and (S (PP-TMP after (NP Monday)) (NP-SBJ they) (VP felt (SBAR 0 (S (NP-SBJ-2 they) (VP did n't (VP want (S (NP-SBJ-1 *-2) (VP to (VP be (VP exposed (NP *-1) (ADVP any more)))))))))))) , '' (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ Petco) (VP remained (PP-PRD in (NP (NP compliance) (PP with (NP all industry capital requirements)))) (PP-TMP during (NP (NP (NP (NP the market 's) rapid plunge) (NP-TMP Friday)) and (NP (NP Monday 's) rebound))))))) .)) (TOP (S (NP-SBJ A CBOE spokeswoman) (VP declined (NP comment) (PP on (NP Petco))) .)) (TOP (S (PP-TMP Over (NP the weekend)) (NP-SBJ (NP Fossett Corp.) , (NP another options trading firm) ,) (VP transferred (NP (NP the clearing accounts) (PP of (NP (QP about 160) traders))) (PP-DIR to (NP (NP (NP First Options) (PP of (NP Chicago))) , (NP (NP a unit) (PP of (NP Continental Bank Corp.))) ,)) (SBAR-PRP because (S (NP-SBJ it) (VP could n't (VP meet (NP regulatory capital requirements) (PP-TMP after (NP (NP Friday 's) market slide))))))) .)) (TOP (S (NP-SBJ (NP The unprecedented transfer) (PP of (NP accounts))) (VP underscored (NP (NP the options industry 's) desire (S (NP-SBJ *) not (VP to (VP have (S (NP-SBJ-1 its credibility) (VP tarnished (NP *-1) (PP by (NP-LGS (ADJP potentially widespread) trading defaults)) (PP-TMP on (NP Monday))))))))) .)) (TOP (S (NP-SBJ-1 (NP The CBOE) , (NP American Stock Exchange) , (NP Options Clearing Corp.) and (NP (NP Stephen Fossett) , (NP (NP owner) (PP of (NP Fossett))) ,)) (VP joined (PP in (S-NOM (NP-SBJ-2 *-1) (VP putting (PRT up) (NP (QP $ 50 million) *U*) (S-PRP (NP-SBJ *-2) (VP to (VP guarantee (NP (NP the accounts) (PP-LOC at (NP First Options)))))))))) .)) (TOP (S (NP-SBJ (NP The head) (PP of (NP another small options clearing firm)) , (SBAR (WHNP-2 who) (S (NP-SBJ-5 *T*-2) (VP asked (S (NP-SBJ-1 *-5) not (VP to (VP be (VP identified (NP *-1)))))))) ,) (VP said (SBAR that (S (NP-SBJ (NP the heightened volatility) (PP-LOC in (NP the financial markets)) (PP-TMP in (NP recent years))) (VP makes (S (NP-SBJ (NP it) (SBAR *EXP*-4)) (ADJP-PRD increasingly difficult) (SBAR-4 for (S (NP-SBJ (NP any) (PP but (NP the largest financial trading firms))) (VP to (VP shoulder (NP (NP the risk) (ADJP inherent (PP-LOC in (NP the (ADJP highly leveraged) options and futures business))))))))))))) .)) (TOP (S (PP-TMP Prior to (NP (NP the introduction) (PP of (NP financial futures)) (PP-TMP in (NP the late 1970s)))) , (NP-SBJ (NP most trading firms) (VP clustered (NP *) (PP-LOC-CLR around (NP (NP the LaSalle Street financial district) (ADVP-LOC here))))) (VP were (NP-PRD (NP family operations) (VP handed (NP *) (ADVP-DIR down) (PP-DIR from (NP one generation)) (PP-DIR to (NP the next))))) .)) (TOP (S (NP-SBJ Most) (ADVP also) (VP were (ADJP-PRD relatively undercapitalized) (PP compared (PP with (NP (NP the size) (PP of (NP most Wall Street securities firms)))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Peters) , (NP (NP a LaSalle Street legend) (PP-LOC among (NP (NP the (ADJP post-World War II) generation) (PP of (NP commodity traders))))) ,) (VP was (VP rumored (S (NP-SBJ *-1) (VP to (VP have (VP amassed (NP a multimillion-dollar fortune) (PP-CLR from (NP (NP commodity trading) and (NP other activities))) (PP-TMP by (NP (NP the time) (SBAR (WHADVP-2 0) (S (NP-SBJ he) (VP died (PP-TMP in (NP May)) (ADVP-TMP *T*-2)))))))))))) .)) (TOP (NP-HLN (NP Part) (PP of (NP a Series)) -RCB-)) (TOP (S (NP-SBJ Betty Lombardi) (VP is (NP-PRD (NP a mild-mannered homemaker and grandmother) (PP-LOC in (NP (NP rural Hunterdon County) , (NP N.J))))) .)) (TOP (S But (S (NP-SBJ *) (VP put (NP her) (PP-PUT behind (NP a shopping cart)))) and (S (NP-SBJ she) (VP turns (ADJP-PRD ruthless))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ Colgate toothpaste) (VP offers (NP a tempting money-saving coupon)))) , (NP-SBJ she) (VP 'll (VP cross (NP Crest) (PP-CLR off (NP her shopping list)) (PP without (NP a second thought)))) .)) (TOP (S (NP-SBJ *) (ADVP-TMP Never) (VP mind (SBAR that (S (NP-SBJ her husband) (VP prefers (NP Crest))))) .)) (TOP (S (NP-TMP Some weeks) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ her supermarket) (VP runs (NP a double-coupon promotion) (ADVP-TMP *T*-1)))) , (NP-SBJ she) (VP boasts (SBAR that (S (NP-SBJ she) (VP shaves (NP $ 22 *U*) (PP-CLR off (NP her bill)))))) .)) (TOP (S (NP-SBJ Money) (VP is n't (NP-PRD (NP the only thing) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (S (NP-SBJ her) (VP dump (NP (ADJP once favorite) brands)))))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ she) (VP heard (PP-CLR about (NP (NP the artery-clogging hazards) (PP of (NP (NP tropical oils) (PP-LOC in (NP many cookies))))))))) , (NP-SBJ-1 she) (VP (VP dropped (NP Pepperidge Farm)) and (VP started (S (NP-SBJ *-1) (VP buying (NP (NP brands) (ADJP free (PP of (NP such oils)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (ADVP-TMP always) (VP thought (SBAR 0 (S (NP-SBJ Pepperidge Farm) (VP was (ADJP-PRD (ADJP tasty) and (ADJP high quality))))))) , '' (NP-SBJ Mrs. Lombardi) (VP says (S *T*-1)) .)) (TOP (S `` But (NP-SBJ I) (VP do n't (VP want (NP (NP any) (PP of (NP that oil))) (PP for (NP my grandkids)))) . '')) (TOP (S -LRB- (S (NP-SBJ Pepperidge Farm) (VP says (SBAR 0 (S (NP-SBJ it) (VP ca n't (VP tell (SBAR (WHNP-1 (WHADJP exactly how many) customers) (S (NP-SBJ it) (VP has (VP lost (NP *T*-1))))))))))) , but (S (NP-SBJ-2 it) (VP hopes (S (NP-SBJ *-2) (VP to (VP remove (NP the objectionable tropical oil) (PP-DIR from (NP all its products)) (PP-TMP by (NP year end))))))) . -RRB-)) (TOP (S (ADVP Clearly) , (NP-SBJ (NP people) (PP like (NP Mrs. Lombardi))) (VP are (VP giving (NP marketers) (NP fits))) .)) (TOP (S (NP-SBJ She) (VP represents (NP (NP a new breed) (PP of (NP (NP savvy consumer) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP puts (NP (NP bargain prices) , (NP (ADJP nutritional and environmental) concerns) , and (NP other priorities)) (ADVP-PUT ahead (PP of (NP old-fashioned brand loyalty)))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ brand loyalty) (VP is (PP-PRD far (PP from (ADJP dead)))))) , (NP-SBJ marketing experts) (VP say (SBAR 0 (S (NP-SBJ it) (VP has (VP eroded (PP-TMP during (NP the 1980s))))))) .)) (TOP (S (S (NP-SBJ (NP Marketers) (ADVP themselves)) (VP are (ADVP partly) (PP-PRD to (ADJP blame)))) : (S (NP-SBJ They) (VP 've (VP increased (NP (NP spending) (PP for (NP (NP coupons) and (NP other short-term promotions)))) (PP at (NP (NP the expense) (PP of (NP image-building advertising))))))) .)) (TOP (S (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (NP-PRD more)))) , (NP-SBJ (NP a flood) (PP of (NP new products))) (VP has (VP given (NP consumers) (NP (NP a dizzying choice) (PP of (NP (NP brands) , (SBAR (WHNP-2 (NP many) (WHPP of (WHNP which))) (S (NP-SBJ *T*-2) (VP are (ADVP virtually) (NP-PRD (NP carbon copies) (PP of (NP one other))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Marketers) (VP have (VP brought (NP this) (PP-CLR on (NP themselves)) (PP with (NP (NP their heavy use) '' (PP of (NP promotions))))))) , (VP contends (SBAR 0 (S *T*-1))) (NP-SBJ (NP Joe Plummer) , (NP (NP an executive vice president) (PP-LOC at (NP the D'Arcy Masius Benton & Bowles ad agency)))) .)) (TOP (S `` (PP Without (NP some real product improvements)) , (NP-SBJ-2 (NP it) (S *EXP*-1)) (VP 's (VP going (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD difficult)))) (S-1 (NP-SBJ *) (VP to (VP win (NP that loyalty) (ADVP-CLR back)))))) . '')) (TOP (S (NP-SBJ (NP (NP The Wall Street Journal 's) `` (NX American Way (PP of (NP Buying))) '' survey) (NP-TMP this year)) (VP found (SBAR that (S (NP-SBJ most consumers) (VP switch (NP brands) (PP for (NP (NP many) (PP of (NP (NP the products) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP use (NP *T*-1)))))))))))) .)) (TOP (S (PP For (NP the survey)) , (NP-SBJ Peter D. Hart Research Associates) (VP asked (NP (NP (QP some 2,000) consumers) , (PP including (NP Mrs. Lombardi)) ,) (SBAR whether (S (NP-SBJ they) (VP (VP (ADVP-TMP usually) buy (NP (NP one brand) (PP of (NP (NP a certain type) (PP of (NP product)))))) or (VP have (NP no brand loyalty)))))) .)) (TOP (S (NP-SBJ (NP (QP More than half) the users) (PP of (NP (NP 17) (PP of (NP (NP the 25 products) (VP included (NP *) (PP-LOC-CLR in (NP the survey)))))))) (VP said (SBAR 0 (S (NP-SBJ they) (VP 're (NP-PRD brand switchers))))) .)) (TOP (S (ADVP Overall) , (NP-SBJ (NP 12 %) (PP of (NP consumers))) (VP are n't (ADJP-PRD brand loyal) (PP for (NP (NP any) (PP of (NP the 25 product categories))))) .)) (TOP (S (NP-SBJ (QP About 47) %) (VP are (ADJP-PRD loyal) (PP for (NP (NP (QP one to five)) (PP of (NP the products))))) .)) (TOP (S (S (NP-SBJ (QP Only 2) %) (VP are (ADJP-PRD brand loyal) (PP-LOC in (NP (NP (QP 16 to 20)) (PP of (NP the categories)))))) , and (S (NP-SBJ no one) (VP is (ADJP-PRD loyal) (PP for (NP (NP (QP more than 20) types) (PP of (NP products)))))) .)) (TOP (S (PP For (NP (NP such products) (PP as (NP (NP canned vegetables) and (NP athletic shoes))))) , (NP-SBJ (NP devotion) (PP to (NP a single brand))) (VP was (ADJP-PRD quite low) , (PP with (S-NOM (NP-SBJ (QP fewer than 30) %) (VP saying (SBAR 0 (S (NP-SBJ they) (ADVP-TMP usually) (VP buy (NP the same brand)))))))) .)) (TOP (SINV (PP (ADVP Only) for (NP cigarettes , mayonnaise and toothpaste)) did (NP-SBJ (NP (QP more than 60) %) (PP of (NP users))) (VP say (SBAR 0 (S (NP-SBJ they) (ADVP typically) (VP stick (PP-CLR with (NP the same brand)))))) .)) (TOP (S (NP-SBJ-2 People) (VP tend (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD most loyal (PP to (NP (NP brands) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (NP distinctive flavors)))) , (PP such as (NP cigarettes and ketchup))))))))) .)) (TOP (S (NP-SBJ (NP Kathie Huff) , (NP (NP a respondent) (PP-LOC in (NP the Journal survey)) (PP from (NP (NP Spokane) , (NP Wash.) ,)))) (VP says (SBAR 0 (S (NP-SBJ-1 her husband) (VP is (ADJP-PRD adamant) (PP about (S-NOM (NP-SBJ *-1) (VP eating (NP only (NP Hunt 's) ketchup)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ He) (ADVP simply) (VP ca n't (VP stomach (NP (NP the taste) (PP of (NP Heinz)))))) , (NP-SBJ she) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The 31-year-old homemaker) (VP adds , `` (S (NP-SBJ (NP The only other thing) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP 'm (ADJP-PRD really loyal (PP to (NP *T*-1))))))) (VP is (NP-PRD my Virginia Slims cigarettes)))) .)) (TOP (S (S (NP-SBJ Coke and Pepsi) (VP are all (NP-PRD the same) (PP to (NP me)))) , and (S (NP-SBJ I) (ADVP-TMP usually) (VP buy (SBAR (WHNP-1 (WHNP whichever brand) (PP of (NP coffee))) (S (NP-SBJ-2 *T*-1) (VP happens (S (NP-SBJ *-2) (VP to (VP be (PP-PRD on (NP sale)))))))))) . '')) (TOP (S (NP-SBJ Brand imagery) (VP plays (NP a significant role) (PP-LOC in (NP (NP loyalty) (PP to (NP (NP such products) (PP as (NP cigarettes , perfume and beer))))))) .)) (TOP (S (NP-SBJ People) (ADVP-TMP often) (VP stay (PP-CLR with (NP a particular brand)) (SBAR-PRP because (S (NP-SBJ-3 they) (VP want (S (NP-SBJ-1 *-3) (VP to (VP be (VP associated (NP *-1) (PP-CLR with (NP (NP the image) (SBAR (WHNP-2 0) (S (NP-SBJ its advertising) (VP conveys (NP *T*-2)))))) , (SBAR-ADV whether (S (NP-SBJ that) (VP 's (NP-PRD (NP macho Marlboro cigarettes) or (NP (NP Cher 's) Uninhibited perfume))))))))))))) .)) (TOP (S (NP-SBJ Loyalty) (VP lags (ADVP most) (PP for (NP (NP utilitarian products) (PP like (NP (NP trash bags) and (NP batteries)))))) .)) (TOP (S (S (NP-SBJ (NP (QP Only 23) %) (PP of (NP (NP trash-bag users) (PP-LOC in (NP the Journal survey))))) (ADVP-TMP usually) (VP buy (NP the same brand))) , and (S (NP-SBJ (NP (QP just 29) %) (PP of (NP battery buyers))) (VP stick (PP-CLR to (NP one brand)))) .)) (TOP (S (S (NP-SBJ Underwear) (VP scored (NP a middling 36 %) (PP-LOC in (NP brand loyalty)))) , but (S (NP-SBJ consumer researchers) (VP say (SBAR 0 (S (NP-SBJ that) (VP 's (ADVP actually) (ADJP-PRD quite high) (PP for (NP such a mundane product))))))) .)) (TOP (SINV `` (S-TPC-1 (PP-TMP In (NP the past)) , (NP-SBJ you) (VP (VP (ADVP just) wore (NP (NP Fruit) (PP of (NP the Loom)))) and (VP did n't (VP care)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Peter Kim) , (NP (NP U.S. director) (PP of (NP consumer behavior research)) (PP for (NP the J. Walter Thompson ad agency)))) .)) (TOP (S `` (NP-SBJ The high score) (VP reflects (NP the attempts (S (NP-SBJ *) (VP to (VP make (S (NP-SBJ underwear) (NP-PRD (NP more) (PP of (NP a fashion image business))) (PP for (NP both men and women)))))))) . '')) (TOP (S (NP-SBJ He) (VP believes (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD opportunity (SBAR for (S (NP-SBJ a smart gasoline marketer) (VP to (VP create (NP (NP a strong brand image) and (NP more consumer loyalty))))))))))) .)) (TOP (S-2 (NP-SBJ (NP What loyalty) (SBAR (WHNP-3 0) (S (NP-SBJ there) (VP is (NP-PRD *T*-3)))) (PP to (NP gas brands))) (PRN , (S (NP-SBJ he) (VP believes (SBAR 0 (S *T*-2)))) ,) (VP is (NP-PRD (NP a matter) (PP of (S-NOM (NP-SBJ *) (VP stopping (PP-LOC-CLR at (NP the (ADJP (ADVP most conveniently) located) service stations))))))) .)) (TOP (S (NP-SBJ Brand loyalty) (VP was (ADJP-PRD stronger) (PP-LOC among (NP older consumers)) (PP-LOC in (NP the Journal survey))) .)) (TOP (S (S (NP-SBJ (NP Nearly one-fourth) (PP of (NP (NP participants) (UCP (NP age 60) and (ADJP older))))) (VP claim (NP brand loyalty) (PP for (NP (NP (QP more than 10)) (PP of (NP (NP the 25 products) (PP-LOC in (NP the survey)))))))) ; (S (NP-SBJ (NP (QP only 9) %) (PP of (NP (NP those) (NP (NP age) (QP 18 to 29))))) (VP have (NP such strong allegiance))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Higher-income people) (ADVP also) (VP tend (S (NP-SBJ *-1) (VP to (VP be (NP-PRD more brand loyal) (NP-TMP these days)))))) , (NP-SBJ (NP the Journal survey) and (NP other research studies)) (VP indicate (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Marketers) (VP speculate (SBAR that (S (NP-SBJ-3 (ADJP more affluent) people) (VP (VP tend (S (NP-SBJ *-3) (VP to (VP lead (NP (ADJP more pressured) lives))))) and (VP do n't (VP have (NP (NP time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP research (NP (NP the products) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP buy (NP *T*-1))))) (PP for (NP the (NX (NX highest quality) and (NX (ADJP most reasonable) price)))) (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ An established brand name) (VP is (NP-PRD insurance (SBAR that (S (ADVP at least) (NP-SBJ the product) (VP will (VP be (UCP-PRD (PP of (NP acceptable quality)) , (CONJP if not) (NP (NP always the best value) (PP for (NP the money)))))))))) .)) (TOP (S (NP-SBJ It) (VP 's (ADVP sort of) (NP-PRD (NP loyalty) (PP by (NP default)))) .)) (TOP (S (S-TPC-1 (ADVP-TMP Meanwhile) , `` (NP-SBJ (NP the bottom end) (PP of (NP the market))) (VP is (VP becoming (ADJP-PRD less loyal)))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Laurel Cutler) , (NP (NP vice chairman) (PP of (NP (NP the ad agency) (NP FCB/Leber Katz Partners))))) .)) (TOP (S `` (NP-SBJ They) (VP 're (VP buying (SBAR-NOM (WHNP-1 whatever) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD cheaper)))))) . '')) (TOP (NP (NP (NP The biggest wild card) (PP-LOC in (NP the brand loyalty game))) : (SBAR (WHADVP-1 How) (S (NP-SBJ those (ADJP (ADJP hotly pursued) but (ADJP highly unpredictable)) baby boomers) (VP will (VP behave (ADVP-MNR *T*-1) (SBAR-TMP as (S (NP-SBJ they) (VP move (PP-DIR into (NP middle age))))))))) .)) (TOP (S (NP-SBJ They) (VP (VP grew (ADVP-CLR up) (PP with (NP (NP more brand choices) (PP than (NP any generation))))) and (VP have (VP shown (NP less allegiance) (ADVP-TMP so far)))) .)) (TOP (SQ But (SBAR-ADV now that (S (NP-SBJ they) (VP 're (VP (VP settling (ADVP-CLR down)) and (VP raising (NP families)))))) , might (NP-SBJ they) (ADVP also) (VP show (NP more stability) (PP-LOC in (NP their brand choices))) ?)) (TOP (S (NP-SBJ (NP Mr. Kim) (PP of (NP J. Walter Thompson))) (VP does n't (VP think (ADVP-PRD so))) .)) (TOP (S (NP-SBJ He) (VP believes (SBAR 0 (S (NP-SBJ-1 baby boomers) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD selective) (PP-LOC in (NP their brand loyalties)))))))))) .)) (TOP (S-2 `` (S (NP-SBJ Earlier generations) (VP were (ADJP-PRD brand loyal) (PP-LOC across (NP categories)))) (PRN , '' (S (NP-SBJ he) (VP says (S *T*-2))) ,) `` but (S (NP-SBJ-1 boomers) (VP tend (S (NP-SBJ *-1) (VP to (VP (VP be (ADJP-PRD-3 brand loyal) (PP-LOC-4 in (NP (NP categories) (PP like (NP (NP running shoes) and (NP bottled water)))))) , but (VP (ADJP-PRD=3 less so) (PP-LOC=4 in (NP (NP others) (PP like (NP (NP toilet paper) and (NP appliances))))))))))) . '')) (TOP (S (SBAR-ADV While (S (NP-SBJ *-1) not (ADJP-PRD (ADJP as brand loyal) (PP as (PP-TMP in (NP the past)))))) , (NP-SBJ-1 (NP consumers) (ADVP-TMP today)) (VP do n't (VP buy (NP products) (ADVP-MNR capriciously) , (ADVP either))) .)) (TOP (S (ADVP Rather) , (NP-SBJ-1 they) (VP tend (S (NP-SBJ *-1) (VP to (VP have (NP (NP a set) (PP of (NP (QP two or three) favorites))))))) .)) (TOP (S (S (ADVP-TMP Sometimes) , (NP-SBJ they) (VP 'll (VP choose (NP Ragu spaghetti sauce)))) ; (S (NP-TMP other times) , (NP-SBJ it) (VP will (VP be (NP-PRD Prego)))) .)) (TOP (S (NP-SBJ Advertisers) (VP attribute (NP this shared loyalty) (PP-CLR to (NP (NP the striking similarity) (PP-LOC among (NP brands))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ a (ADJP more absorbent) Pampers) (VP hits (NP the market)))) , (NP-SBJ you) (VP can (VP be (ADJP-PRD sure (SBAR 0 (S (NP-SBJ a (ADJP new and improved) Huggies) (VP wo n't (VP be (ADVP-LOC-PRD far behind)))))))) .)) (TOP (S (NP-SBJ The BBDO Worldwide ad agency) (VP (VP studied `` (NP brand parity) '') and (VP found (SBAR that (S (NP-SBJ consumers) (VP believe (SBAR 0 (S (NP-SBJ all brands) (VP are (NP-PRD about the same) (PP-LOC in (NP (NP (NP a number) (PP of (NP categories))) , (ADVP particularly) (NP (NP credit cards) , (NP paper towels) , (NP dry soups) and (NP snack chips)))))))))))) .)) (TOP (S `` (S-TPC-4 (SBAR-TMP (WHADVP-5 When) (S (NP-SBJ there) (VP 's (NP-PRD (NP a clutter) (PP of (NP brands))) (ADVP-TMP *T*-5)))) , (NP-SBJ-6 consumers) (VP simplify (NP the complexity) (PP-MNR by (S-NOM (NP-SBJ *-6) (VP telling (NP themselves) , ` (S (S (NP-SBJ All brands) (VP are (NP-PRD the same))) so (SBARQ (WHNP-1 what difference) (SQ does (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP make (NP *T*-1) (SBAR-2 (WHNP-3 which) (S (NP-SBJ I) (VP buy (NP *T*-3))))))))))))) , ' '' (VP says (S *T*-4)) (NP-SBJ (NP Karen Olshan) , (NP (NP a senior vice president) (PP-LOC at (NP BBDO)))) .)) (TOP (S `` (ADVP-TMP Too often) , (NP-SBJ-1 advertising imagery) (VP has n't (VP done (NP (NP a good job) (PP of (S-NOM (NP-SBJ *-1) (VP forging (NP (NP a special emotional bond) (PP between (NP (NP a brand) and (NP the consumer)))))))))) . '')) (TOP (S But (PP given (NP such strong brand disloyalty)) , (NP-SBJ some marketers) (VP are (VP putting (NP renewed emphasis) (PP-PUT on (NP image advertising)))) .)) (TOP (S (NP-SBJ-1 (NP A (ADJP small but growing) number) (PP of (NP companies))) (VP are (ADVP-PRD also) (S (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP instill (NP (ADJP more fervent) brand loyalty) (PP through (NP (NP such personalized direct-marketing ploys) (PP as (NP (NP (NP catalogs) , (NP magazines) and (NP membership clubs)) (PP for (NP brand users)))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ discount promotions) (VP are (ADJP-PRD essential) (PP for (NP most brands))))) , (NP-SBJ some companies) (VP concede (SBAR 0 (S (NP-SBJ-1 they) (VP went (ADVP-PRD overboard) (PP in (S-NOM (NP-SBJ *-1) (VP shifting (NP money) (PP-DIR from (NP advertising)) (PP-DIR to (NP (NP coupons) , (NP refunds) and (NP other sales incentives)))))))))) .)) (TOP (S (NP-SBJ Some people) (VP argue (SBAR that (S (NP-SBJ-1 strong brands) (VP can (VP afford (S (NP-SBJ-2 *-1) (VP to (VP stop (S (NP-SBJ *-2) (VP advertising)) (PP-TMP for (NP a time))))) (PP-PRP because of (NP (NP the residual impact) (PP of (NP (NP (NP hundreds) (PP of (NP (NP millions) (PP of (NP dollars))))) (VP spent (NP *) (PP-CLR on (NP advertising)) (PP-TMP through (NP the years)))))))))))) .)) (TOP (S But (NP-SBJ-1 most companies) (VP are (ADJP-PRD too afraid (S (NP-SBJ *-1) (VP to (VP take (NP that chance)))))) .)) (TOP (FRAG And (ADVP perhaps) (PP with (NP good reason)) .)) (TOP (SINV (VP Says (S *ICH*-2)) (NP-SBJ (NP Clayt Wilhite) , (NP (NP president) (PP of (NP (NP the D'Arcy Masius ad agency 's) U.S. division)))) , `` (S-2 (NP-TMP (NP Every time) (SBAR (WHADVP-1 0) (S (NP-SBJ 24 hours) (VP pass (PP without (NP any advertising reinforcement)) (ADVP-TMP *T*-1))))) , (NP-SBJ brand loyalty) (VP will (VP diminish (ADVP ever so slightly) -- (PP (ADVP even) for (NP (NP a powerful brand) (PP like (NP Budweiser))))))) . '')) (TOP (S (NP-SBJ *) (VP Consider , (PP for (NP example)) , (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happened (PP-CLR to (NP Maxwell House coffee)))))) .)) (TOP (S (NP-SBJ-1 The Kraft General Foods brand) (VP (VP stopped (S (NP-SBJ *-1) (VP advertising)) (PP-TMP for (NP (QP about a) year)) (PP-TMP in (NP 1987))) and (VP gave (PRT up) (NP (NP several market share points) and (NP (NP its leadership position) (PP-LOC in (NP the coffee business)))))) .)) (TOP (S But (PP-TMP since (S-NOM (NP-SBJ *-1) (VP returning (PP-DIR to (NP advertising))))) , (NP-SBJ-1 Maxwell House) (VP (VP has (VP regained (NP the lost share))) and (VP is (VP running (ADVP-MNR neck and neck) (PP with (NP archrival Folgers))))) .)) (TOP (SINV `` (S-TPC-1 (ADVP-TMP Now) , (NP-SBJ (NP Philip Morris) (PRN -LCB- (NP (NP Kraft General Foods ') parent company) -RCB-)) (VP is (ADJP-PRD committed (PP (PP to (NP the coffee business)) and (PP to (NP (NP increased advertising) (PP for (NP Maxwell House)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Dick Mayer) , (NP (NP president) (PP of (NP the General Foods USA division)))) .)) (TOP (S `` (SBAR-ADV Even though (S (NP-SBJ brand loyalty) (VP is (ADJP-PRD rather strong) (PP for (NP coffee))))) , (NP-SBJ-1 we) (VP need (NP advertising) (S-PRP (NP-SBJ *-1) (VP to (VP maintain and strengthen (NP it))))) . '')) (TOP (S (NP-SBJ Campbell Soup Co.) , (PP for (NP one)) , (VP has (VP concluded (SBAR that (S (NP-SBJ (NP it) (S *EXP*-3)) (VP makes (NP good sense) (S-3 (NP-SBJ *) (VP to (VP focus (ADVP (ADVP more (PP-LOC-CLR on (NP its (ADJP most loyal) customers))) (PP than (PP on (NP (NP people) (SBAR (WHNP-4 who) (S (NP-SBJ *T*-4) (VP buy (NP competitive brands)))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The probability) (PP of (S-NOM (NP-SBJ *) (VP converting (NP a non-user) (PP-CLR to (NP your brand)))))) (VP is (NP-PRD (NP about three) (PP in (NP 1,000))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Tony Adams) , (NP (NP (NP the company 's) vice president) (PP for (NP marketing research)))) .)) (TOP (S `` (NP-SBJ The best odds) (VP are (PP-PRD with (NP your core franchise))) .)) (TOP (S (S (NP-SBJ Our heavy users) (VP consume (NP (NP (QP two to three) cans) (PP of (NP soup)) (NP-ADV a week)))) , and (S (NP-SBJ-1 we) (VP 'd (VP like (S (NP-SBJ *-1) (VP to (VP increase (NP that))))))) . '')) (TOP (S So (NP-SBJ-1 Campbell) (VP is (VP talking (PP-CLR to (NP its `` brand enthusiasts)) , '' (S-ADV (NP-SBJ *-1) (VP probing (NP (NP their psychological attachment) (PP to (NP its soup))))))) .)) (TOP (S (PP-LOC In (NP one consumer focus group)) , (NP-SBJ a fan) (VP declared (SBAR that , `` (S (NP-SBJ (NP Campbell 's) soup) (VP is (PP-PRD like (S-NOM (NP-SBJ *) (VP getting (NP a hug) (PP from (NP a friend))))))))) . '')) (TOP (S (NP-SBJ That) (VP helped (VP persuade (NP-1 the company) (S (NP-SBJ *-1) (VP to (VP introduce (NP (NP a new advertising slogan) : `` (NP (NP A warm hug) (PP from (NP Campbell 's))))))))) . '')) (TOP (S (NP-SBJ-1 Insurers) (VP face (NP (NP the prospect) (PP of (S-NOM (NP-SBJ *-1) (VP paying (PRT out) (NP (NP billions) (PP of (NP dollars))) (PP for (NP (NP damages) (VP caused (NP *) (PP by (NP-LGS (NP this week 's) California earthquake)))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Getting (NP a grip) (PP-CLR on (NP (NP the extent) (PP of (NP the damages)))))) (VP is (VP proving (NP-PRD (NP a (ADJP (ADVP far more) difficult) task) (PP than (SBAR-NOM (WHNP-1 what) (S (NP-SBJ insurers) (VP faced (NP *T*-1) (SBAR-TMP after (S (NP-SBJ Hurricane Hugo) (VP ripped (PP-DIR through (NP (NP the Caribbean) and (NP the Carolinas))) (NP-TMP last month))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP (NP The earthquake 's) toll) , (PP including (NP possible deep structural damage)) ,) (VP goes (PP-DIR (ADVP far) beyond (NP (NP the (ADJP (ADVP more easily) observed) damage) (PP from (NP a hurricane)))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP George Reider) , (NP (NP a vice president) (PP-LOC in (NP (NP Aetna Life & Casualty Insurance Co. 's) claims division)))) .)) (TOP (S But (NP-SBJ investors) (VP are (VP betting (SBAR that (S (NP-SBJ-2 (NP the (ADJP financial and psychological) impact) (PP of (NP the earthquake))) , (S-ADV (NP-SBJ *-2) (VP coming (PP-TMP (ADVP so soon) after (NP the hurricane)))) , (VP will (VP help (S (NP-SBJ *-2) (VP stem (NP (NP (QP more than two) years) (PP of (NP (NP intense price-cutting wars) (PP-LOC among (NP business insurers))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Reflecting (NP that logic))) , (NP-SBJ-1 insurance-company stocks) (VP posted (NP strong gains)) .)) (TOP (S (NP-SBJ (NP Aetna) and (NP other insurers)) (VP are (VP hiring (NP (NP engineers and architects) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP help (S (NP-SBJ them) (VP assess (NP structural damage)))))))))) .)) (TOP (S (NP-SBJ Most insurers) (ADVP-TMP already) (VP have (VP mobilized (NP-1 their `` catastrophe '' teams) (S-CLR (NP-SBJ-2 *-1) (VP to (VP begin (S (NP-SBJ *-2) (VP processing (NP (NP claims) (PP from (NP (NP their policyholders) (PP-LOC in (NP northern California)))))))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ-3 commercial air travel) (VP is (VP interrupted (NP *-3))))) , (NP-SBJ (NP Aetna) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Hartford) , (NP Conn.) ,)))) (VP (VP chartered (NP (NP three planes) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP fly (NP claims adjusters) (PP-DIR into (NP Sacramento)))))))) and then (VP planned (SBAR for (S (NP-SBJ-1 them) (VP to (S (NP-SBJ *-1) (VP drive (PP-DIR to (NP the Bay area))))))))) .)) (TOP (S (NP-SBJ-1 (NP (QP About 25) adjusters) (PP *ICH*-2)) (VP were (VP dispatched (NP *-1) (NP-TMP yesterday afternoon) , (PP-2 along (PP with (NP (NP laptop computers) , (NP cellular phones) and (NP blank checks)))))) .)) (TOP (S (NP-SBJ (NP Some adjusters) , (PP-LOC (ADVP-TMP already) in (NP (NP other parts) (PP of (NP California)))) ,) (VP drove (PP-DIR to (NP the disaster area)) (PP with (NP (NP (NP recreational vehicles) and (NP mobile homes)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP could (VP be (VP used (NP *-1) (PP-CLR as (NP makeshift claims-processing centers)))))))))) .)) (TOP (S (NP-SBJ Insurers) (VP will (VP be (VP advertising (NP (NP 800 numbers) (PRN -- (PP-LOC (ADVP probably) on (NP the radio)) --) (SBAR (WHNP-1 that) (S (NP-SBJ-2 policyholders) (VP can (VP call (NP *T*-1) (S-PRP (NP-SBJ *-2) (VP to (VP get (NP (NP assistance) (PP on (SBAR-NOM (WHADVP-3 how) (S (NP-SBJ *) (VP to (VP submit (NP claims) (ADVP-MNR *T*-3)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP State Farm Mutual Automobile Insurance Co.) , (NP (NP the largest home and auto insurer) (PP-LOC in (NP California))) ,) (VP believes (SBAR 0 (S (NP-SBJ (NP the losses) (PP from (NP the earthquake))) (VP could (VP be (ADJP-PRD (ADJP somewhat less) (PP than (NP (NP the (QP $ 475 million) *U*) (PP in (NP damages)) (SBAR (WHNP-2 0) (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP pay (NP *T*-2) (PRT out) (PP for (NP (NP claims) (VP resulting (PP-CLR from (NP Hurricane Hugo))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP State Farm) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Bloomington) , (NP Ind.)))) ,) (VP is (ADVP also) (NP-PRD (NP the largest writer) (PP of (NP personal-property earthquake insurance)) (PP-LOC in (NP California)))) .)) (TOP (S (NP-SBJ-1 Earthquake insurance) (VP is (VP sold (NP *-1) (PP-CLR as (NP (NP a separate policy) or (NP (NP a specific endorsement `` rider '') (PP-LOC on (NP (NP a homeowner 's) policy))))) (PP-LOC in (NP California)) , (PP-PRP because of (NP (NP (NP the area 's) vulnerability) (PP to (NP earthquakes)))))) .)) (TOP (S (NP-SBJ State Farm) (VP said (SBAR 0 (S (NP-SBJ (NP (QP about 25) %) (PP of (NP (NP its policyholders) (PP-LOC in (NP California))))) (VP have (ADVP also) (VP purchased (NP earthquake insurance)))))) .)) (TOP (S (NP-SBJ (NP Allstate Insurance Co.) , (NP (NP a unit) (PP of (NP Sears , Roebuck & Co.))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP (NP (QP about 23) %) (PP of (NP its personal property policyholders))) (PRN -- (NP (NP (QP about 28) %) (PP-LOC in (NP the San Franciso area))) --)) (ADVP also) (VP have (NP earthquake coverage))))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ (NP The Association) (PP of (NP California Insurance Companies))) (VP estimated (SBAR 0 (S (NP-SBJ (NP damage) (PP to (NP residential property))) (VP could (VP total (NP (QP $ 500 million) *U*))))))) , but (S (NP-SBJ-1 (NP (QP only $ 100 million to $ 150 million) *U*)) (VP is (VP insured (NP *-1))))) , (NP-SBJ it) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Officials) (PP from (NP (NP (NP the American Insurance Association 's) property-claim service division) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP coordinates (NP (NP the efforts) (PP of (NP the claims adjusters))) (PP-LOC in (NP an area)) (PP-TMP after (NP a natural disaster))))) ,))) (VP will (VP be (VP flying (PP-DIR to (NP San Francisco)) (NP-TMP today)))) .)) (TOP (S (NP-SBJ-1 They) (VP expect (S (NP-SBJ *-1) (VP to (VP have (NP (NP a preliminary estimate) (PP of (NP the damages))) (PP-TMP in (NP a day (QP or two))))))) .)) (TOP (S (NP-SBJ-1 (NP Roads and bridges) (PP-LOC in (NP the Bay area))) (VP appear (S (NP-SBJ *-1) (VP to (VP have (VP suffered (NP (NP some) (PP of (NP the (ADJP most costly) damage)))))))) .)) (TOP (S (NP-SBJ (NP Highways) , (PP such as (NP (NP the section) (PP of (NP Interstate 880)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP collapsed))) (PP-LOC in (NP Oakland)))) ,) (ADVP generally) (VP do n't (VP have (NP insurance coverage))) .)) (TOP (S (NP-SBJ Industry officials) (VP say (SBAR 0 (S (S (NP-SBJ (NP the Bay Bridge) (PRN -- (PP unlike (NP some bridges)) --)) (VP has (NP no earthquake coverage) , (ADVP either))) , so (S (NP-SBJ-2 (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP repairing (NP it))))) (ADVP probably) (VP would (VP have (S (NP-SBJ-1 *-2) (VP to (VP be (VP paid (NP *-1) (PP out (PP of (NP state general operating funds))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP the bridge) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP charges (NP (NP a (ADJP $ 1 *U*) toll) (NP-ADV each way))))) ,) (VP does (VP have (NP (NP `` (NAC loss (PP of (NP income))) '' insurance) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP replace (NP lost revenue) (SBAR-ADV if (S (NP-SBJ (NP the operation) (PP of (NP the bridge))) (VP is (ADJP-PRD interrupted) (PP-TMP for (NP (QP more than seven) days)))))))))))) .)) (TOP (S (NP-SBJ-1 That coverage) (VP is (VP provided (NP *-1) (PP by (NP-LGS (NP a syndicate) (PP of (NP insurance companies)) (PP including (NP (NP (NP (NP Fireman 's) Fund Corp.) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Novato) , (NP Calif.) ,)))) and (NP (NP Cigna Corp.) , (VP based (NP *) (PP-LOC-CLR in (NP Philadelphia)))))))))) .)) (TOP (S (NP-SBJ-1 Earthquake-related claims) (VP are n't (VP expected (S (NP-SBJ *-1) (VP to (VP cause (NP significant financial problems) (PP for (NP (NP the insurance industry) (PP as (NP a whole))))))))) .)) (TOP (S (ADVP Instead) , (PP (ADVP even) with (NP (NP the liabilities) (PP of (NP (NP two natural disasters) (PP-TMP in (NP recent weeks)))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the total capital) (PP of (NP the industry))) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD (ADJP higher) (SBAR *ICH*-2)) (PP-TMP at (NP year end)) (SBAR-2 than (S (NP-SBJ it) (VP was (ADJP-PRD *?*) (PP-TMP at (NP midyear))))))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ the earthquake) (VP could (VP contribute (PP-CLR to (NP (NP a turnaround) (PP-LOC in (NP the insurance cycle)))) (PP-MNR in (NP (NP a couple) (PP of (NP ways)))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ-2 insurers) (VP may (VP seek (S (NP-SBJ-3 *-2) (VP to (VP limit (NP (NP their future exposure) (PP to (NP catastrophes))) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP increasing (NP (NP the amount) (PP of (NP reinsurance)) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP buy (NP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ-4 (NP Such increased demand) (PP for (NP reinsurance))) , (PP along (PP with (NP (NP the losses) (SBAR (WHNP-3 0) (S (NP-SBJ the reinsurers) (VP will (VP bear (NP *T*-3))))) (PP from (NP these two disasters))))) , (VP are (ADJP-PRD likely (S (NP-SBJ *-4) (VP to (VP spur (NP (NP increases) (PP-LOC in (NP reinsurance prices)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP will (ADVP-TMP later) (VP be (VP translated (NP *-1) (PP-CLR into (NP an overall price rise))))))))))))) .)) (TOP (S (NP-SBJ Reinsurance) (VP is (NP-PRD (NP protection) (VP taken (NP *) (ADVP-CLR out) (PP by (NP-LGS (NP the insurance firms) (ADVP themselves)))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ We) (VP are (VP saying (SBAR 0 (S (S (NP-SBJ this) (VP is (NP-PRD the breaking point))) , (S (NP-SBJ this) (VP is (NP-PRD (NP the event) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP change (NP (NP the psychology) (PP of (NP the marketplace))))))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP William Yankus) , (NP (NP an analyst) (PP with (NP (NP Conning & Co.) , (NP (NP a Hartford firm) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP specializes (PP-CLR in (NP the insurance industry)))))))))) .)) (TOP (S (NP-SBJ His firm) , (PP along (PP with (NP some others))) , (VP issued (NP (NP new buy recommendations) (PP on (NP insurer stocks))) (NP-TMP yesterday)) .)) (TOP (S (PP-LOC Among (NP the insurance stocks)) , (NP-SBJ big gainers) (VP included (NP (NP (NP American International Group) , (ADVP up (NP $ 3.25 *U*) (PP to (NP $ 102.625 *U*)))) ; (NP (NP General Re Corp.) , (ADVP up (NP $ 2.75 *U*) (PP to (NP $ 86.50 *U*)))) ; (NP (NP Aetna) , (ADVP up (NP $ 2.375 *U*) (PP to (NP $ 59.50 *U*)))) ; and (NP (NP Marsh & McLennan Inc.) , (ADVP up (NP $ 3.125 *U*) (PP to (NP $ 75.875 *U*)))))) .)) (TOP (S (ADVP Still) , (NP-SBJ-1 (NP a few individual companies) , (ADVP most likely) (NP smaller ones) ,) (VP could (VP be (VP devastated (NP *-1)))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD a (ADJP damned good) chance (SBAR 0 (S (NP-SBJ-1 someone) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP hit (NP the skids) (PP on (NP this))))))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ Oppenheimer & Co. analyst Myron Picoult) .)) (TOP (S (NP-SBJ He) (VP suspects (SBAR 0 (S (NP-SBJ (NP some insurers) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP had (VP purchased (NP reinsurance) (S-PRP (NP-SBJ *-3) (VP to (VP limit (NP (NP their exposure) (PP to (NP catastrophes))))))))))) (VP will (VP discover (SBAR 0 (S (NP-SBJ-1 that reinsurance) (VP was (VP used (NP *-1) (PRT up) (PP by (NP-LGS Hurricane Hugo))))))))))) .)) (TOP (S (NP-SBJ (ADJP (ADJP British) , (ADJP West German) , (ADJP Scandinavian) and (ADJP other)) overseas insurers) (VP are (VP bracing (PP-CLR for (NP (NP big claims) (PP from (NP the San Francisco earthquake disaster)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD unclear) (SBAR-1 (WHNP-2 (WHADVP how much) exposure) (S (NP-SBJ the London market) (VP will (VP face (NP *T*-2)))))))) , (NP-SBJ U.K. underwriters) (ADVP traditionally) (VP have (NP (NP a large reinsurance exposure) (PP to (NP U.S. catastrophe coverage)))) .)) (TOP (S (NP-SBJ (NP Jack Byrne) , (NP (NP chairman) (PP of (NP (NP Fireman 's) Fund))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 this disaster) (VP will (VP test (NP the catastrophe reinsurance market) , (S-ADV (NP-SBJ *-1) (VP causing (S (NP-SBJ these rates) (VP to (VP soar)))))))))) .)) (TOP (S (NP-SBJ (NP The catastrophe losses) (VP sustained (NP *) (PP by (NP-LGS insurers)) (NP-TMP this year))) (VP will (ADVP probably) (VP be (NP-PRD the worst) (PP on (NP an inflation-adjusted basis)) (PP-TMP since (NP (NP 1906) -- (SBAR (WHADVP-1 when) (S (NP-SBJ another earthquake) (VP sparked (NP the Great San Francisco Fire) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Orin Kramer) , (NP (NP an insurance consultant) (PP-LOC in (NP New York))) ,) (VP estimates (SBAR that (S (NP-SBJ the 1906 San Francisco destruction) , (PP on (NP an inflation-adjusted basis)) , (VP included (NP (NP insured losses) (PP of (NP (QP $ 5.8 billion) *U*))))))) .)) (TOP (S (NP-SBJ He) (VP is (VP estimating (SBAR 0 (S (NP-SBJ (NP this week 's) disaster) (VP will (VP generate (NP (NP insured losses) (PP of (NP (NP (QP $ 2 billion) *U*) to (NP (QP $ 4 billion) *U*)))) , (PP following (NP (NP (QP about $ 4 billion) *U*) (PP in (NP (NP costs) (PP to (NP insurers)))) (PP from (NP Hurricane Hugo)))))))))) .)) (TOP (S (NP-SBJ (NP Silicon Graphics Inc. 's) first-quarter profit) (VP rose (ADVP-MNR sharply) (PP-DIR to (NP (NP (QP $ 5.2 million) *U*) , or (NP (NP 28 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 1 million) *U*) , or (NP (NP six cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ (NP The maker) (PP of (NP computer workstations))) (VP said (SBAR 0 (S (NP-SBJ (NP a surge) (PP of (NP government orders))) (VP contributed (PP-CLR to (NP the increase)))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 95 %) (PP-DIR to (NP (QP $ 86.4 million) *U*)) (PP-DIR from (NP (QP $ 44.3 million) *U*) (NP-TMP (NP the year) (ADJP earlier)))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) , (NP-SBJ the company) (VP closed (NP-TMP yesterday) (PP-CLR at (NP (NP $ 23.25 *U*) (NP-ADV a share))) , (ADVP down (NP 25 cents))) .)) (TOP (S (NP-SBJ Hunter Environmental Services Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP reached (NP a preliminary accord) (PP on (NP (NP the sale) (PP of (NP its environmental consulting and services business)) (PP for (NP (NP (QP about $ 40 million) *U*) and (NP (NP assumption) (PP of (NP related debt))))))))))) .)) (TOP (S (NP-SBJ-1 The buyer) (VP was n't (VP identified (NP *-1))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (ADVP also) (VP is (VP making (NP progress) (PP in (S-NOM (NP-SBJ *-1) (VP negotiating (NP (NP the buy-out) (PP of (NP its design division)) (PP by (NP management))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Hunter) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP will (VP use (NP (NP proceeds) (PP from (NP (NP a private placement) (PP of (NP (NP (QP $ 8 million) *U*) (PP of (NP preferred shares))))))) (S-CLR (NP-SBJ *-2) (VP to (VP purchase (NP (NP an interest) (PP-LOC in (NP (NP-SBJ a start-up company) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP underwrite (NP environmental impairment insurance)))))))))))))))) .)) (TOP (S (NP-SBJ-1 Hunter) (VP wants (S (NP-SBJ *-1) (VP to (VP concentrate (NP its resources) (PP-CLR (PP on (NP the insurance business)) and (PP on (NP (NP a project) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP store (NP hazardous wastes) (PP-LOC in (NP salt domes))))))))))))) .)) (TOP (S (NP-SBJ (NP Jaguar PLC 's) chairman) (VP said (SBAR 0 (S (NP-SBJ-2 he) (VP hopes (S (NP-SBJ *-2) (VP to (VP reach (NP (NP a friendly pact) (SBAR *ICH*-1)) (PP with (NP General Motors Corp.)) (PP-TMP within (NP a month)) (SBAR-1 (WHNP-3 that) (S (NP-SBJ *T*-3) (VP may (VP involve (S (NP-SBJ the British luxury-car maker 's) (VP producing (NP a cheaper executive model)))))))))))))) .)) (TOP (S (NP-SBJ Sir John Egan) (VP told (NP reporters) (PP-LOC at (NP (NP London 's) Motorfair)) (NP-TMP yesterday) (SBAR-2 0 (S (NP-SBJ he) `` (VP would (VP be (ADJP-PRD disappointed) (SBAR-ADV if (S (NP-SBJ we) (VP could n't (VP do -LCB- (NP the deal) -RCB- (PP-TMP within (NP a month))))))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the tie-up) (VP would (VP mean (SBAR 0 (S (NP-SBJ-2 Jaguar) (VP could `` (VP develop (NP (NP cars) (ADJP down range (PRN -LCB- (PP in (NP price)) -RCB-) (PP from (SBAR (WHADVP-1 where) (S (NP-SBJ we) (VP are (ADVP-LOC-PRD *T*-1))))))) '' (PP-MNR by (S-NOM (NP-SBJ *-2) (VP offering (NP (NP access) (PP to (NP (NP GM 's) high-volume parts production))))))))))))))) .)) (TOP (S (PP Besides (S-NOM (NP-SBJ *-2) (VP creating (NP joint manufacturing ventures)))) , (NP-SBJ-2 the accord) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP give (NP GM) (NP (NP about a (ADJP 15 %) stake) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP eventually) (VP would (VP rise (PP-DIR to (NP (QP about 30) %)))))))))))) .)) (TOP (S (NP-SBJ Jaguar) (VP figures (SBAR 0 (S (NP-SBJ (NP a friendly alliance) (PP with (NP GM))) (VP will (VP fend (PRT off) (NP (NP unwelcome advances) (PP from (NP Ford Motor Co)))))))) .)) (TOP (S But (NP-SBJ (NP Ford) , (NP (NP (NP Jaguar 's) biggest shareholder) (PP-TMP since (S-NOM (NP-SBJ *) (VP lifting (NP its stake) (PP-DIR to (NP 10.4 %)) (NP-TMP this week))))) ,) (VP is (VP pressing (ADVP-MNR harder) (PP-CLR for (NP (NP talks) (PP with (NP Sir John)))))) .)) (TOP (S `` (S-TPC-4 (NP-SBJ We) (VP 're (VP getting (PP-DIR to (NP (NP the point) (SBAR (WHADVP-3 where) (S (NP-SBJ-1 we) (VP are (VP going (S (NP-SBJ-2 *-1) (VP to (VP have (S (NP-SBJ *-2) (VP to (VP meet '' (PP-CLR with (NP him)))))))) (ADVP-LOC *T*-3)))))))))) , (NP-SBJ one Ford official) (VP said (SBAR 0 (S *T*-4)) (NP-TMP yesterday)) .)) (TOP (S (S-TPC-1 (NP-SBJ Ford) (ADVP probably) (VP will (VP renew (NP (NP its request) (PP for (NP such a meeting))) (ADVP-TMP soon)))) , (NP-SBJ he) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Sir John) (VP has (VP spurned (NP (NP Ford 's) advances) (SBAR-TMP since (S (NP-SBJ the U.S. auto giant) (VP launched (NP (NP a surprise bid) (PP for (NP (NP (QP as much as 15) %) (PP of (NP Jaguar))))) (NP-TMP last month)))))) .)) (TOP (S (NP-SBJ Ford) (VP has (VP signaled (SBAR 0 (S (NP-SBJ it) (VP might (VP acquire (NP a majority interest) (ADVP-TMP later))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 I) (VP 'm not (VP obligated (S (NP-SBJ *-1) (VP to (VP (VP sit (ADVP-CLR down)) and (VP talk (PP-CLR to (NP anybody))))))))) , '' (NP-SBJ the Jaguar chairman) (VP asserted (S *T*-2) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ He) (VP did n't (VP rule (PRT out) (NP (NP negotiations) (PP with (NP Ford))) , (ADVP however))) .)) (TOP (S (NP-SBJ-1 The (ADJP (ADJP fiercely proud) but (ADJP financially strapped)) British company) (VP prefers (S (NP-SBJ *-1) (VP to (VP remain (ADJP-PRD (ADJP independent) and (ADJP publicly held))))) , (PP despite (NP (NP (NP Ford 's) promise) (PP of (NP (NP access) (PP to (NP (NP cash) and (NP technological know-how)))))))) .)) (TOP (S (NP-SBJ Sir John) (VP noted (SBAR that (S (NP-SBJ (NP GM) , (NP a longtime Jaguar supplier) ,) (VP agrees `` (SBAR 0 (S (NP-SBJ we) (VP should (VP remain (NP-PRD an independent company))))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (S (NP-SBJ-1 Jaguar) (VP started (S (NP-SBJ *-1) (VP negotiating (PP-CLR with (NP (NP GM) and (NP several other car makers))))) (ADVP-TMP (NP (QP over a) year) ago))) , but (S (NP-SBJ the rest) `` (VP dropped (PP-CLR by (NP the wayside)) (SBAR-TMP (ADVP ever) since (S (NP-SBJ the share price) (VP went (PP-DIR above (NP (NP # 4 *U*) (PRN -LRB- (NP $ 6.30 *U*) -RRB-) (NP-ADV a share))))))))))) . '')) (TOP (S (S (NP-SBJ Jaguar shares) (VP stood (PP-CLR at (NP 405 pence)) (PP-TMP before (NP (NP Ford 's) initial announcement)))) , but (S (NP-SBJ the subsequent takeover frenzy) (VP has (VP driven (NP them) (ADVP-DIR up)))) .)) (TOP (S (NP-SBJ The stock) (VP traded (NP-TMP late yesterday) (PP-LOC on (NP (NP London 's) stock exchange)) (PP-CLR at (NP 673 pence)) , (ADVP up (NP 19 pence))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Developing (NP an executive-model range))) (VP would (VP mark (NP (NP a major departure) (PP for (NP (NP Britain 's) leading luxury-car maker))))) .)) (TOP (S (NP-SBJ A typical British executive car) (VP is (ADJP-PRD (ADJP mass produced) and (ADJP (ADJP smaller) (PP than (NP a luxury car))))) .)) (TOP (S (NP-SBJ It) (ADVP generally) (VP fetches (NP (NP no more) (PP than (NP (NP # 25,000 *U*) (PRN -LRB- (NP $ 39,400 *U*) -RRB-) -- (ADJP (ADJP (NP (QP roughly # 16,000) *U*) less) (PP than (NP (NP the highest-priced Jaguars) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP are all (VP known (NP *-2) (PP-CLR for (NP their hand-crafted leather work))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 We) (VP (VP have (NP (NP designs) (PP for (NP such -LCB- executive -RCB- cars)))) , but (VP have (ADVP-TMP never) (VP been (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP develop (NP them))))))))) , '' (NP-SBJ Sir John) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP GM 's) help) (VP would `` (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD possible) (SBAR-1 -LCB- for (S (NP-SBJ Jaguar) -RCB- (VP to (VP build (NP (NP a wider range) (PP of (NP cars)))))))))) . '')) (TOP (S (NP-SBJ An executive model) (VP would (VP (ADVP-MNR significantly) boost (NP (NP (NP Jaguar 's) yearly output) (PP of (NP 50,000 cars))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ You) (VP are (VP talking (PP-CLR about (NP (NP (QP a couple hundred thousand)) (NP-ADV a year)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Bob Barber) , (NP (NP an auto-industry analyst) (PP-LOC at (NP U.K. brokerage James Capel & Co)))) .)) (TOP (S (NP-SBJ (NP A pact) (PP with (NP GM))) (VP may (VP emerge (PP-TMP in (NP (QP as little as two) weeks)) , (PP according (PP to (NP (NP sources) (ADJP close (PP to (NP the talks)))))))) .)) (TOP (S (NP-SBJ The deal) (VP would (VP require (NP (NP approval) (PP by (NP (NP a majority) (PP of (NP Jaguar shareholders))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 We) (VP have (S (NP-SBJ *-2) (VP to (VP make (S (NP-SBJ it) (ADJP-PRD attractive enough (SBAR that (S -LCB- (NP-SBJ holders) -RCB- (VP would (VP accept (NP it)))))))))))) , '' (NP-SBJ Sir John) (VP said (S *T*-1)) .)) (TOP (S-2 (NP-SBJ That) (VP may (VP be (ADJP-PRD difficult) (PRN , (S (NP-SBJ the Jaguar chairman) (VP acknowledged (SBAR 0 (S *T*-2)))) , ``) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ you) (VP have (S (NP-SBJ (NP somebody) (ADJP else)) (VP breathing (PP-CLR down (NP your neck)) (ADVP-TMP *T*-1)))))))) .)) (TOP (S '' (S-TPC-2 (NP-SBJ-1 Ford) (ADVP probably) (VP would (VP try (S (NP-SBJ-3 *-1) (VP to (VP kill (NP the proposal) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP (VP enlisting (NP (NP support) (PP from (NP U.S. takeover-stock speculators)))) and (VP holding (PRT out) (NP (NP the carrot) (PP of (NP (NP a larger bid) (ADVP-TMP later)))))))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Stephen Reitman) , (NP (NP European auto analyst) (PP-LOC at (NP London brokers UBS Phillips & Drew)))) .)) (TOP (S (NP-SBJ Ford) (VP ca n't (VP make (NP (NP a full-fledged bid) (PP for (NP Jaguar))) (SBAR-TMP until (S (NP-SBJ U.K. government restrictions) (VP expire))))) .)) (TOP (S (NP-SBJ The anti-takeover measure) (VP prevents (NP-1 any outside investor) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP buying (NP (NP (QP more than 15) %) (PP of (NP Jaguar shares))) (PP without (NP permission))))) (PP-TMP until (NP Dec. 31 , 1990))) .)) (TOP (S But (PP with (NP its (ADJP 10.4 %) stake)) , (NP-SBJ Ford) (VP can (VP (VP convene (NP a special (NP Jaguar shareholders ') meeting)) and (VP urge (NP-1 them) (S (NP-SBJ *-1) (VP to (VP drop (NP the restrictions) (ADVP-TMP prematurely))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ It) (VP 's (NP-PRD (NP a (ADJP very valuable) weapon) (PP-LOC in (NP their armory)) , '' (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP could (VP enable (S (NP-SBJ Ford) (VP to (VP bid (ADVP-TMP sooner) (PP-CLR for (NP Jaguar)))))))))))) , (VP observed (SBAR 0 (S *T*-3))) (NP-SBJ (NP Mr. Barber) (PP of (NP James Capel))) .)) (TOP (S (ADVP Otherwise) , (NP-SBJ-1 Jaguar) (VP may (VP have (S (NP-SBJ *-1) (VP to (VP tolerate (S (NP-SBJ the two U.S. auto giants) each (VP owning (NP a (ADJP 15 %) stake))) (PP-TMP for (NP (NP more) (PP than (NP a year))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP It) (S *EXP*-3)) (VP would (VP be (ADJP-PRD difficult) (S-3 (NP-SBJ *) (VP to (VP see (SBAR (WHADVP how) (S (NP-SBJ-4 a car company) (VP can (VP be (VP owned (NP *-4) (PP by (NP-LGS a collective))))))))))))) , '' (NP-SBJ Sir John) (VP said (S *T*-1)) .)) (TOP (S `` (S (NP-SBJ-1 It) (VP has (ADVP-TMP never) (VP been (VP done (NP *-1) (ADVP-TMP before))))) , but (S (NP-SBJ there) (VP 's (ADVP-TMP always) (NP-PRD a first))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ two Baby Bells) (VP showed (NP strong growth) (PP-LOC in (NP (NP access lines) , (NP usage) and (NP unregulated business revenue)))))) , (NP-SBJ one) (VP reported (NP (NP a modest gain) (PP-LOC in (NP third-quarter net))) (SBAR-ADV while (S (NP-SBJ the other) (VP posted (NP a small drop))))) .)) (TOP (S (NP-SBJ (NP Ameritech Corp. 's) earnings) (VP increased (NP-EXT 2.8 %) , (SBAR-TMP after (S (NP-SBJ-1 strong revenue gains) (VP were (VP offset (NP *-1) (ADVP somewhat) (PP by (NP-LGS (NP (NP refunds) and (NP rate reductions)) (VP imposed (NP *) (PP by (NP-LGS regulators)) (PP-LOC in (NP its Midwest territory)))))))))) .)) (TOP (S (NP-SBJ (NP BellSouth Corp. 's) third-quarter earnings) (VP dropped (NP-EXT 3.8 %) (PP-PRP as (NP (NP a result) (PP of (NP (NP debt refinancing) , (NP (NP the recent acquisition) (PP of (NP a cellular and paging property))) and (NP (NP rate reductions) (PP-LOC in (NP its Southeast territory)))))))) .)) (TOP (NP-HLN BellSouth)) (TOP (S (PP-LOC At (NP (NP BellSouth) , (VP based (NP *) (PP-LOC-CLR in (NP Atlanta))))) , (NP-SBJ customer access lines) (VP grew (PP-EXT by (NP (NP 162,000) , or (NP 3.5 %) ,)) (PP-TMP during (NP (NP the 12-month period) (VP ended (NP *) (NP-TMP Sept))))) .)) (TOP (S (PP-TMP For (NP the third quarter)) , (NP-SBJ total operating revenue) (VP grew (NP-EXT 2.6 %) (PP-DIR to (NP (QP $ 3.55 billion) *U*)) (PP-DIR from (NP (QP $ 3.46 billion) *U*))) .)) (TOP (S (NP-SBJ Total operating expenses) (VP increased (NP-EXT 3.5 %) (PP-DIR to (NP (QP $ 2.78 billion) *U*)) (PP-DIR from (NP (QP $ 2.69 billion) *U*))) .)) (TOP (S (S (NP-SBJ (NP Overall access minutes) (PP of (NP use))) (VP increased (NP-EXT 10.3 %))) and (S (NP-SBJ toll messages) (VP jumped (NP-EXT 5.2 %))) .)) (TOP (S (NP-SBJ BellSouth Chairman and Chief Executive Officer John L. Clendenin) (VP said (SBAR 0 (S (NP-SBJ three factors) (VP accounted (PP-CLR for (NP (NP the drop) (PP-LOC in (NP third-quarter earnings)))))))) .)) (TOP (S (NP-SBJ (NP The refinancing) (PP of (NP (NP (QP $ 481 million) *U*) (PP in (NP long-term debt))))) (VP (VP reduced (NP net income) (PP-EXT by (NP (NP (QP $ 22 million) *U*) , or (NP (NP five cents) (NP-ADV a share)) ,))) but (VP (PP-TMP in (NP the long run)) will (VP save (NP (NP (QP more than $ 250 million) *U*) (PP in (NP interest costs)))))) .)) (TOP (S (NP-SBJ The company) (ADVP-TMP previously) (VP said (SBAR that (S (NP-SBJ (NP the recent acquisition) (PP of (NP (NP Mobile Communications Corp.) (PP of (NP America))))) (VP would (VP dilute (NP 1989 earnings) (PP-EXT by (NP (QP about 3) %))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 earnings) (VP were (VP reduced (NP *-1) (PP-LGS by (NP (NP rate reductions) (PP-LOC in (NP Florida , Kentucky , Alabama , Tennessee and Louisiana)))))) .)) (TOP (NP-HLN Ameritech)) (TOP (S (PP-LOC At (NP (NP Ameritech) , (VP based (NP *) (PP-LOC-CLR in (NP Chicago))))) , (S (NP-SBJ customer access lines) (VP increased (PP-EXT by (NP (NP 402,000) , or (NP 2.6 %) ,)))) and (S (NP-SBJ cellular mobile lines) (VP increased (PP-EXT by (NP (NP 80,000) , or (NP 62.3 %) ,)))) (PP-TMP for (NP (NP the 12-month period) (VP ended (NP *) (NP-TMP Sept. 30)))) .)) (TOP (S (PP-TMP For (NP the third quarter)) , (NP-SBJ revenue) (VP increased (NP-EXT 1.9 %) (PP-DIR to (NP (QP $ 2.55 billion) *U*)) (PP-DIR from (NP (QP $ 2.51 billion) *U*))) .)) (TOP (S (NP-SBJ Operating expenses) (VP increased (NP-EXT 2.6 %) (PP-DIR to (NP (QP $ 2.04 billion) *U*)) , (PP including (NP (NP one-time pretax charges) (PP of (NP (QP $ 40 million) *U*)) (PP for (NP labor contract signing bonuses))))) .)) (TOP (S (S (NP-SBJ Local service revenue) (VP increased (NP-EXT 3.5 %))) and (S (NP-SBJ directory and unregulated business revenue) (VP jumped (NP-EXT 9.5 %))) .)) (TOP (S But (S (NP-SBJ network access revenue) (VP dropped (NP-EXT 4 %))) and (S (NP-SBJ toll revenue) (VP dropped (NP-EXT 1.4 %))) .)) (TOP (S (NP-SBJ a) - (VP reflects (NP (NP 2-for-1 stock split) (ADJP effective (NP-TMP Dec. 30 , 1988)))) .)) (TOP (S (NP-SBJ b) - (VP reflects (NP (NP extraordinary loss) (PP of (NP (NP five cents) (NP-ADV a share))) (PP for (NP early debt retirement)))) .)) (TOP (S (NP-SBJ c) - (VP reflects (NP (NP (NP (NP extraordinary loss) (PP of (NP (NP five cents) (NP-ADV a share)))) and (NP (NP extraordinary gain) (PP of (NP (NP 14 cents) (NP-ADV a share))))) (PP from (NP (NP cumulative effect) (PP of (NP accounting change)))))) .)) (TOP (S (NP-SBJ The Wall Street Journal `` (NAC-TTL American Way (PP of (NP Buying))) '' Survey) (VP consists (PP-CLR of (NP (NP two separate , door-to-door nationwide polls) (VP conducted (NP *) (PP for (NP the Journal)) (PP by (NP-LGS (NP Peter D. Hart Research Associates) and (NP the Roper Organization))))))) .)) (TOP (S (NP-SBJ-1 (NP The two surveys) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP asked (NP different questions)))) ,) (VP were (VP conducted (NP *-1) (S-ADV (NP-SBJ *) (VP using (NP national random probability samples))))) .)) (TOP (S (NP-SBJ (NP The poll) (VP conducted (NP *) (PP by (NP-LGS Peter D. Hart Research Associates)))) (VP interviewed (NP (NP 2,064 adults) (UCP (NP age 18) and (ADJP older))) (PP-TMP (PP from (NP June 15)) (PP to (NP June 30 , 1989)))) .)) (TOP (S (NP-SBJ (NP The poll) (VP conducted (NP *) (PP by (NP-LGS the Roper Organization)))) (VP interviewed (NP (NP 2,002 adults) (UCP (NP age 18) and (ADJP older))) (PP-TMP (PP from (NP July 7)) (PP to (NP July 15 , 1989)))) .)) (TOP (S (NP-SBJ-1 Responses) (VP were (VP weighted (NP *-1) (PP on (NP (NP the basis) (PP of (NP age and gender)))) (S-PRP (NP-SBJ *-1) (VP to (VP conform (PP-CLR with (NP U.S. Census data))))))) .)) (TOP (S (PP For (NP each poll)) , (NP-SBJ the odds (SBAR *ICH*-2)) (VP are (NP-PRD (NP 19) (PP out (PP of (NP 20)))) (SBAR-2 that (S (SBAR-ADV if (S (NP-SBJ-1 pollsters) (VP had (VP sought (S (NP-SBJ-3 *-1) (VP to (VP survey (NP (NP every household) (PP-LOC in (NP the U.S.))) (S-ADV (NP-SBJ *-3) (VP using (NP the same questionnaire)))))))))) , (NP-SBJ the findings) (VP would (VP differ (PP-CLR from (NP these poll results)) (PP-EXT by (NP (NP (QP no more than 2 1) percentage points) (PP-LOC in (NP either direction))))))))) .)) (TOP (S (NP-SBJ (NP The margin) (PP of (NP error)) (PP for (NP (NP subgroups) (PRN -- (PP for (NP example)) , (NP (NP married women) (PP with (NP (NP children) (PP-LOC at (NP home))))) --)))) (VP would (VP be (ADJP-PRD larger))) .)) (TOP (S (PP In (NP addition)) , (PP-LOC in (NP any survey)) , (NP-SBJ there) (VP is (ADVP-TMP always) (NP-PRD the chance (SBAR that (S (NP-SBJ (NP other factors) (PP such as (NP question wording))) (VP could (VP introduce (NP errors) (PP-DIR into (NP the findings)))))))) .)) (TOP (S (NP-SBJ Program traders) (VP were (VP buying and selling (PP at (NP full steam)) (NP-TMP (NP Monday) , (NP (NP the first trading session) (PP-TMP after (NP (NP (NP the stock market 's) 190.58-point plunge) (NP-TMP Friday))))))) .)) (TOP (S (NP-SBJ They) (VP (VP accounted (PP-CLR for (NP (NP a hefty 16 %) (PP of (NP New York Stock Exchange volume)) (NP-TMP Monday)))) , (NP-ADV (NP the (ADJP fourth busiest) session) (ADVP-TMP ever))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ (NP 13 %) (PP of (NP volume))) (VP was (PP-LOC-PRD in (NP computer-guided program trades))) .)) (TOP (S (PP-TMP In (NP August)) , (PP by (NP contrast)) , (NP-SBJ program trading) (VP averaged (NP (NP 10.3 %) (PP of (NP daily Big Board turnover)))) .)) (TOP (S (S (NP-SBJ-1 Program traders) (VP were (VP (ADVP-MNR publicly) castigated (NP *-1) (PP-TMP following (NP (NP the 508-point crash) (NP-TMP Oct. 19 , 1987)))))) , and (S (NP-SBJ-2 (NP a number) (PP of (NP brokerage firms))) (VP pulled (ADVP-DIR back) (PP-DIR from (S-NOM (NP-SBJ *-2) (VP using (NP this strategy)))) (PP-TMP for (NP a while)))) .)) (TOP (S But (SBAR-TMP as (S (NP-SBJ the outcry) (VP faded (PP-TMP by (NP (NP the spring) (PP of (NP 1988))))))) , (NP-SBJ they) (VP resumed) .)) (TOP (S (NP-SBJ Some observers) (VP thought (SBAR that (S (PP-TMP after (NP (NP Friday 's) sharp drop)) , (NP-SBJ-1 the firms) (VP would (VP rein (PRT in) (NP their program traders) (S-PRP (NP-SBJ-2 *-1) (VP to (VP avoid (S (NP-SBJ *-2) (VP stoking (NP more controversy))))))))))) .)) (TOP (S But (NP-SBJ (NP the statistics) (VP released (NP *) (NP-TMP yesterday))) (VP show (SBAR 0 (S (NP-SBJ the firms) (VP did (NP (NP nothing) (PP of (NP the sort))))))) .)) (TOP (S-1 (NP-SBJ One reason) (PRN , (S (NP-SBJ they) (VP said (SBAR 0 (S *T*-1)))) ,) (VP was (SBAR-PRD that (S (NP-SBJ (NP the official reports) (PP on (NP the 1987 crash))) (VP exonerated (NP program trading) (PP-CLR as (NP a cause)))))) .)) (TOP (S (NP-SBJ Stock-index arbitrage) (VP is (NP-PRD (NP the (ADJP most controversial) form) (PP of (NP program trading))) (SBAR-PRP because (S (NP-SBJ-1 it) (VP accelerates (NP market moves) , (SBAR-ADV if (S (NP-SBJ *-1) not (ADVP actually) (VP causing (NP them)))))))) .)) (TOP (S (PP-LOC In (NP it)) , (NP-SBJ-1 traders) (VP (VP buy or sell (NP stocks)) and (VP offset (NP those positions) (PP-LOC in (NP stock-index futures contracts))) (S-PRP (NP-SBJ *-1) (VP to (VP profit (PP-CLR from (NP fleeting price discrepancies)))))) .)) (TOP (S (PP-LOC Under (NP (NP the exchange 's) definitions)) , (NP-SBJ program trading) (ADVP also) (VP describes (NP (NP a number) (PP of (NP (NP other strategies) (SBAR (WHNP-1 that) , (S (PP in (NP (NP the opinion) (PP of (NP some traders)))) , (NP-SBJ *T*-1) (VP do n't (VP cause (NP (NP big swings) (PP-LOC in (NP the market))))))))))) .)) (TOP (S (NP-SBJ (NP (NP The Big Board 's) disclosure) (PP of (NP (NP program trading activity) (PP-TMP on (NP these two days))))) (VP was (ADJP-PRD unusual)) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ it) (VP collects (NP such data) (ADVP-TMP daily)))) , (NP-SBJ (NP its monthly reports) (PP on (NP program trading))) (ADVP-TMP usually) (VP come (ADVP-CLR out) (SBAR-TMP (NP about three weeks) after (S (NP-SBJ each month) (VP ends)))) .)) (TOP (S (NP-SBJ-2 The September figures) (VP are (ADJP-PRD due (S (NP-SBJ-1 *-2) (VP to (VP be (VP released (NP *-1) (NP-TMP this week))))))) .)) (TOP (S (NP-SBJ-1 The Big Board) (VP declined (S (NP-SBJ *-1) (VP to (VP name (NP (NP (NP the Wall Street firms) (VP involved (NP *) (PP-LOC in (NP the activity)) (NP-TMP Friday and Monday))) , or (NP (NP (NP the type) (PP of (NP strategies))) (VP used (NP *)))))))) .)) (TOP (S But (NP-SBJ (NP traders) (PP-LOC on (NP the exchange floor)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP can (VP observe (NP the computer-guided trading activity) (PP-LOC on (NP monitor screens)))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP most) (PP of (NP the top program-trading firms))) (VP were (ADJP-PRD active) (NP-TMP both days))))) .)) (TOP (S (PP-TMP Through (NP August)) , (NP-SBJ (NP the (ADJP top five) program trading firms) (PP in (NP volume))) (VP were (NP-PRD (NP Morgan Stanley & Co.) , (NP Kidder , Peabody & Co.) , (NP Merrill Lynch & Co.) , (NP PaineWebber Group Inc.) and (NP Salomon Brothers Inc))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ brokerage officials) (VP defended (NP (NP their use) (PP of (NP program trading)))))) , (NP-SBJ (NP one sign) (PP of (SBAR-NOM (WHNP-1 what an issue) (S (NP-SBJ it) (VP remains (NP-PRD *T*-1)))))) (VP was (SBAR-PRD that (S (NP-SBJ few executives) (VP would (VP comment (PP on (NP the record))))))) .)) (TOP (S (PP Besides (S-NOM (NP-SBJ *-1) (VP reciting (NP (NP the pardon) (PP for (NP program trading)) (VP contained (NP *) (PP-LOC-CLR in (NP the Brady Commission report))))))) , (NP-SBJ-1 they) (VP said (SBAR 0 (S (NP-SBJ-2 stock-index arbitrage) (VP was (ADVP actually) (VP needed (NP *-2) (NP-TMP Monday) (S-PRP (NP-SBJ *) (VP to (VP restore (NP (NP the markets ') equilibrium))))))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ-1 the stock-index futures market) (VP (VP was (VP unhinged (NP *-1) (PP-CLR from (NP the stock market)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the Chicago Mercantile Exchange) (VP halted (NP (NP trading) (PP-LOC in (NP (NP Standard & Poor 's) 500 futures contract))) (ADVP-TMP *T*-2)))))) -- (NP-ADV (NP a `` circuit breaker '' procedure) (VP (VP instituted (NP *) (PP-TMP after (NP the 1987 crash))) and (VP implemented (NP *) (PP-TMP for (NP the first time)))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ Futures trading) (VP resumed (ADVP-TMP (NP a half-hour) later))) , but (S (NP-SBJ the session) (VP ended (ADVP-TMP shortly thereafter) , (S-ADV (NP-SBJ *) (VP leaving (NP the stock market) (VP set (NP *) (PRT up) (PP-CLR for (NP more sell programs)))))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S-2 (PP-TMP By (NP Monday morning)) (PRN , (S (NP-SBJ they) (VP said (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-1 stock-index arbitrage sell programs) (VP helped (S (NP-SBJ *-1) (VP re-establish (NP (NP the link) (PP between (NP stocks and futures)))))) .)) (TOP (S But (NP-SBJ-1 stunning volatility) (VP was (VP produced (NP *-1) (PP-LOC in (NP the process)))) .)) (TOP (S (NP-SBJ The Dow Jones Industrial Average) (VP plunged (NP a breathtaking 63.52 points) (PP-TMP in (NP (NP the first 40 minutes) (PP of (NP trading)))) (NP-TMP Monday) (SBAR-TMP as (S (NP-SBJ stock-index arbitrage sell programs) (VP kicked (PRT in))))) .)) (TOP (S (PP-TMP At (NP about 10:10 a.m. EDT)) , (NP-SBJ the market) (VP (ADVP-MNR abruptly) turned (ADVP-DIR upward) (PP on (NP stock-index arbitrage buy programs))) .)) (TOP (S (PP-TMP By (NP (NP day 's) end)) , (NP-SBJ the Dow industrials) (VP had (VP rebounded (NP-EXT (NP 88.12 points) , or (NP (NP nearly half) (PP of (NP (NP Friday 's) drop)))))) .)) (TOP (S (NP-SBJ (NP (NP FREDERICK 'S) (PP OF (NP HOLLYWOOD Inc.))) , (NP-LOC Los Angeles) ,) (VP said (SBAR 0 (S (NP-SBJ its board) (VP voted (NP (NP a (ADJP 50 %) increase) (PP-LOC in (NP (NP the specialty boutique-store operator 's) semiannual dividend)) , (PP to (NP (NP five cents) (NP-ADV a common share)))))))) .)) (TOP (S (NP-SBJ The dividend) (VP is (ADJP-PRD payable (NP-TMP Dec. 15) (PP to (NP (NP stock) (PP of (NP record)) (NP-TMP Nov. 15))))) .)) (TOP (S (NP-SBJ Valley National Corp.) (VP (VP reported (NP (NP a third-quarter net loss) (PP of (NP (NP (QP $ 72.2 million) *U*) , or (NP (NP $ 3.65 *U*) (NP-ADV a share)) ,)))) and (VP suspended (NP its quarterly dividend) (PP-PRP because of (NP (NP potential losses) (PP on (NP its Arizona real estate holdings)))))) .)) (TOP (S (NP-SBJ (NP The Phoenix-based holding company) (PP for (NP (NP Arizona 's) largest bank))) (VP said (SBAR 0 (S (NP-SBJ it) (VP added (NP (QP $ 121 million) *U*) (PP-CLR to (NP its allowance)) (PP (PP for (NP (NP losses) (PP on (NP loans)))) and (PP for (NP (NP real estate) (VP owned (NP *))))))))) .)) (TOP (S (NP-SBJ The company) (VP earned (NP (NP (QP $ 18.7 million) *U*) , or (NP (NP 95 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ Valley National) (VP posted (NP (NP a net loss) (PP of (NP (NP (QP $ 136.4 million) *U*) , or (NP (NP $ 6.90 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ It) (VP had (NP (NP profit) (PP of (NP (NP (QP $ 48.6 million) *U*) , or (NP (NP $ 2.46 *U*) (NP-ADV a share)) ,))) (PP-TMP in (NP the 1988 period))) .)) (TOP (S (NP-SBJ-1 Valley National) (VP had (VP been (VP paying (NP (NP a quarterly dividend) (PP of (NP (NP 36 cents) (NP-ADV a share))))))) .)) (TOP (S `` (S-TPC-4 (S (NP-SBJ-2 The Arizona real estate market) (VP continues (S (NP-SBJ-1 *-2) (VP to (VP be (VP depressed (NP *-1))))))) , and (S (NP-SBJ there) (VP is (ADVP-TMP still) (NP-PRD uncertainty) (PP as (PP to (SBAR-NOM (WHADVP-3 when) (S (NP-SBJ values) (VP will (VP recover (ADVP-TMP *T*-3)))))))))) , '' (NP-SBJ (NP James P. Simmons) , (NP chairman) ,) (VP said (S *T*-4)) .)) (TOP (S (S-TPC-1 (NP-SBJ The decision (S (NP-SBJ *) (VP to (VP (VP increase (NP the loan-loss reserve)) and (VP suspend (NP the dividend)))))) (VP is `` (UCP-PRD both (ADJP prudent) and (PP in (NP (NP the best long-term interest) (PP of (NP the shareholders))))))) , '' (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Valley National) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP made (NP the decision) (PP (PP on (NP (NP the basis) (PP of (NP (NP (NP an `` overall assessment) (PP of (NP (NP the marketplace) '' and (NP (NP the condition) (PP of (NP its loan portfolio)))))))))) and (PP-TMP after (S-NOM (NP-SBJ *-1) (VP reviewing (NP it) (PP with (NP federal regulators)))))))))) .)) (TOP (S (NP-SBJ (NP The addition) (PP to (NP reserves))) (VP comes (PP on (NP (NP top) (PP of (NP (NP a provision) (PP of (NP (QP $ 199.7 million) *U*)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP was (VP announced (NP *-1) (PP-TMP in (NP June))))))))))) .)) (TOP (S (PP-TMP In (NP July)) , (NP-SBJ-1 Moody 's) (VP downgraded (NP (NP (QP $ 400 million) *U*) (PP of (NP (NP the company 's) debt))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ the bank holding company) (VP had n't (VP taken (NP (NP adequate write-offs) (PP against (NP (NP potential losses) (PP on (NP real estate loans))))) (PP despite (NP its second-quarter write-down))))))))) .)) (TOP (S (NP-SBJ (NP Richard M. Greenwood) , (NP (NP Valley National 's) executive vice president) ,) (VP said (ADVP-TMP then) (SBAR that (S (NP-SBJ-1 the company) (VP (VP believed (SBAR 0 (S (NP-SBJ the write-downs) (VP were `` (ADJP-PRD adequate) '')))) and (VP did n't (VP plan (S (NP-SBJ *-1) (VP to (VP increase (NP its reserves) (ADVP-TMP again)))))))))) .)) (TOP (S (NP-SBJ (NP Bruce Hoyt) , (NP (NP (NP a banking analyst) (PP with (NP (NP Boettcher & Co.) , (NP a Denver brokerage firm) ,))))) (VP said (SBAR 0 (S (NP-SBJ Valley National) `` (VP is n't (PP-PRD out (PP of (NP the woods))) (ADVP-TMP yet))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ The key) (VP will (VP be (SBAR-PRD whether (S (NP-SBJ Arizona real estate) (VP (VP turns (ADVP-CLR around)) or (VP (ADVP at least) stabilizes))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ-2 They) (VP 've (VP stepped (ADVP-DIR up (PP to (NP the plate))) (S-PRP (NP-SBJ *-2) (VP to (VP take (NP the write-downs))))))) , but (S (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ markets) (VP head (ADVP-DIR down) (ADVP-TMP *T*-3)))) , (NP-SBJ-4 a company) (VP is (ADVP-TMP always) (VP exposed (NP *-4) (PP-CLR to (NP further negative surprises)))))) , '' (NP-SBJ Mr. Hoyt) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Valley National) (VP closed (NP-TMP yesterday) (PP-CLR at (NP (NP $ 24.25 *U*) (NP-ADV a share))) , (ADVP down (NP $ 1 *U*)) , (PP-LOC in (NP national over-the-counter trading))) .)) (TOP (FRAG (NP (NP Two years) (PP of (NP coddling))) , (PP down (NP the drain)) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ (NP a lot) (PP of (NP brokers))) (VP feel (ADVP-MNR *T*-2) (NP-TMP today) (PP-TMP on (NP (NP the second anniversary) (PP of (NP the 1987 stock-market crash))))))))) .)) (TOP (S (PP-TMP (ADVP Ever) since (NP that fearful Black Monday)) , (NP-SBJ-1 they) (VP 've (VP been (VP (ADVP-MNR tirelessly) wooing (NP wary individual investors) -- (S-ADV (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP convince (NP them) (SBAR (SBAR that (S (NP-SBJ Oct. 19 , 1987 ,) (VP was (NP-PRD a fluke)))) and (SBAR that (S (NP-SBJ the stock market) (ADVP really) (VP is (NP-PRD (NP a safe place) (SBAR (WHADVP-3 0) for (S (NP-SBJ average Americans) (VP to (VP put (NP their hard-earned dollars) (ADVP-PUT *T*-3)))))))))))))))))) .)) (TOP (S And (PP-TMP until (NP last Friday)) , (NP-SBJ it) (VP seemed (SBAR 0 (S (NP-SBJ-1 those efforts) (VP were (VP starting (S (NP-SBJ *-1) (VP to (VP pay (PRT off))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Some) (PP of (NP those folks))) (VP were (VP coming (ADVP-DIR back)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Leslie Quick Jr.) , (NP chairman) , (PP of (NP discount brokers Quick & Reilly Group Inc))) .)) (TOP (S `` (NP-SBJ We) (VP had (VP heard (PP-CLR from (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had n't (VP been (ADJP-PRD active) '' (PP-TMP for (NP a long time)))))))))) .)) (TOP (SINV Then (VP came) (NP-SBJ (NP (NP the frightening 190-point plunge) (PP-LOC in (NP the Dow Jones Industrial Average))) and (NP (NP a new wave) (PP of (NP stock-market volatility)))) .)) (TOP (S (ADVP All (PP of (NP a sudden))) , (NP-SBJ it) (VP was (ADVP-PRD back (PP to (NP square one)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 It) (VP 's (VP going (S (NP-SBJ *-1) (VP to (VP set (NP things) (ADVP-CLR back) (PP-TMP for (NP a period)) , (SBAR-PRP because (S (NP-SBJ it) (VP reinforces (NP (NP the concern) (PP of (NP volatility)))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Jeffrey B. Lane) , (NP (NP president) (PP of (NP Shearson Lehman Hutton Inc)))) .)) (TOP (S `` (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ it) (VP will (VP shake (NP confidence) (NP-TMP (ADJP one more) time))))))) , and (S (NP-SBJ-1 (NP a lot) (PP of (NP this business))) (VP is (VP based (NP *-1) (PP-LOC-CLR on (NP client confidence))))) . '')) (TOP (S (NP-SBJ (NP Brokers) (PP-LOC around (NP the country))) (VP say (SBAR 0 (S (NP-SBJ (NP the reaction) (PP from (NP individual investors))) (NP-TMP this week) (VP has (VP been (ADJP-PRD almost eerie)))))) .)) (TOP (S (NP-SBJ (NP Customers) and (NP potential customers)) (VP are (ADVP suddenly) (VP complaining (PP-CLR about (NP the stock market)) (PP-MNR in (NP (NP the exact way) (SBAR (WHADVP-1 0) (S (NP-SBJ they) (VP did (PP-TMP in (NP post-crash 1987)) (ADVP-MNR *T*-1)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The kinds) (PP of (NP questions)) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP had (NP *T*-1) (ADVP-TMP before))))) (VP have (VP resurfaced))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Raymond A. `` Chip '' Mason) , (NP (NP chairman) (PP of (NP (NP regional brokerage firm Legg Mason Inc.) , (NP-LOC Baltimore))))) .)) (TOP (S `` (NP-SBJ I) (VP can (ADVP just) (VP tell (SBAR 0 (S (NP-SBJ the questions) (VP are (ADVP right back) (SBAR-LOC-PRD (WHADVP-2 where) (S (NP-SBJ they) (VP were (ADVP-LOC-PRD *T*-2)))) : (UCP ` (SBARQ (WHNP-1 What) (SQ (NP-SBJ *T*-1) (VP 's (VP going (PRT on)))) ?) , ' ` (SQ Ca n't (NP-SBJ-4 anything) (VP be (VP done (NP *-4) (PP-CLR about (NP program trading)))) ?) , ' ` (SQ Does n't (NP-SBJ the exchange) (VP understand) ?) , ' ` (SBARQ (WHADVP-3 Where) (SQ is (NP-SBJ the SEC) (PP on (NP this)) (ADVP-PRD *T*-3)) ?) ')))))) '')) (TOP (S (NP-SBJ Mr. Mason) (VP says (SBAR 0 (S (NP-SBJ he) (VP 's (ADJP-PRD convinced (SBAR 0 (S (NP-SBJ-2 the public) (ADVP-TMP still) (VP wants (S (NP-SBJ *-2) (VP to (VP invest (PP-CLR in (NP common stocks))))) , (SBAR-ADV even though (S (NP-SBJ they) (VP believe (SBAR 0 (S (NP-SBJ-1 the deck) (VP is (VP stacked (NP *-1) (PP against (NP them))))))))))))))))) .)) (TOP (S But `` (NP-SBJ these wide swings) (VP scare (NP them) (PP-CLR to (NP death))) . '')) (TOP (S (NP-SBJ (NP All) (PP of (NP this))) (VP is (NP-PRD bad news) (PP for (NP (NP the big brokerage firms) (PP such as (NP (NP Shearson) and (NP Merrill Lynch & Co.))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (NP big (ADJP `` retail , '' or individual-investor ,) businesses))))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-2) (VP expanding (ADVP-MNR rapidly) (PP-TMP during (NP (NP the bull-market years) (PP-TMP up (PP to (NP the 1987 crash)))))))) , (NP-SBJ-2 retail brokerage operations) (NP-TMP these days) (VP are (VP getting (NP (ADJP barely enough) business (S (NP-SBJ *) (VP to (VP pay (NP the overhead))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (ADJP-PRD True)) , (NP-SBJ-2 (NP the amount) (PP of (NP money)) (SBAR (WHNP-1 0) (S (NP-SBJ-3 investors) (VP are (ADJP-PRD willing (S (NP-SBJ *-3) (VP to (VP entrust (NP *T*-1) (PP-CLR to (NP their brokers)))))))))) (VP has (VP been (VP growing (ADVP-TMP lately)))) .)) (TOP (S But (NP-SBJ those dollars) (VP have (VP been (VP going (PP-DIR into (NP (NP such `` safe '' products) (PP as (NP (NP money market funds) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP do n't (VP generate (NP much) (PP in (NP (NP the way) (PP of (NP (NP commissions) (PP for (NP the brokerage firms))))))))))))))))) .)) (TOP (S (PP-LOC At (NP discount brokerage Charles Schwab & Co.)) , (NP-SBJ such `` cash-equivalent '' investments) (ADVP-TMP recently) (VP accounted (PP-CLR for (NP (NP a record (QP $ 8 billion) *U*) (PP of (NP (NP (NP the firm 's) (QP $ 25 billion) *U*) (PP of (NP (NP client 's) assets))))))) .)) (TOP (S (NP-SBJ (NP The brokers ') hope) (VP has (VP been (SBAR-PRD that (S (NP-SBJ they) (VP could (ADVP-TMP soon) (VP coax (NP-1 investors) (PP-CLR into (S-NOM (NP-SBJ *-1) (VP shifting (NP (NP some) (PP of (NP their hoard))) (PP-DIR into (NP the stock market))))))))))) .)) (TOP (S And (PP-TMP before (NP last Friday)) , (NP-SBJ they) (VP were (ADVP actually) (VP making (NP modest progress))) .)) (TOP (S (NP-SBJ-1 (NP A (ADJP slightly higher) percentage) (PP of (NP New York Stock Exchange volume))) (VP has (VP been (VP attributed (NP *-1) (PP-CLR to (NP retail investors)) (PP-TMP in (NP recent months)) (PP compared (PP with (NP post-crash 1988))) , (PP according (PP to (NP Securities Industry Association data)))))) .)) (TOP (S (PP-TMP In (NP 1987)) , (NP-SBJ (NP an average 19.7 %) (PP of (NP Big Board volume))) (VP was (NP-PRD retail business) , (SBAR-ADV with (S (NP-SBJ the monthly level) (ADVP-TMP never) (NP-PRD (QP more than 21.4) %)))) .)) (TOP (S (NP-SBJ The retail participation) (VP (VP dropped (PP-DIR to (NP an average 18.2 %)) (PP-TMP in (NP 1988))) , and (VP shriveled (PP-DIR to (NP (QP barely 14) %)) (NP-TMP (NP some months) (PP-TMP during (NP the year))))) .)) (TOP (S Yet (PP-TMP in (NP 1989)) , (NP-SBJ retail participation) (VP (VP has (VP been (NP-PRD (QP more than 20) %) (PP-TMP in (NP every month)))) , and (VP was (NP-PRD 23.5 %) (PP-TMP in (NP (NP August) , (NP (NP the latest month) (SBAR (WHPP-1 for (WHNP which)) (S (NP-SBJ figures) (VP are (ADJP-PRD available) (PP *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP Jeffrey Schaefer) , (NP (NP the SIA 's) research director) ,) (VP says (SBAR that (S (NP-SBJ-1 (NP all) (PP of (NP (NP his group 's) retail-volume statistics))) (VP could (VP be (VP overstated (NP *-1) (PP-EXT by (NP (QP as much as five) percentage points)) (SBAR-PRP because (S (NP-SBJ-2 corporate buy-backs) (VP are (ADVP-TMP sometimes) (VP (ADVP-MNR inadvertently) included (NP *-2) (PP-LOC in (NP Big Board data)))))))))))) .)) (TOP (S But (NP-SBJ-1 there) (VP did (VP seem (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a retail activity pickup)))))) .)) (TOP (SINV (S-TPC-1 But `` (NP-SBJ Friday) (VP did n't (VP help (NP things)))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ Mr. Schaefer) .)) (TOP (S-1 (PP With (NP (NP the gyrations) (PP of (NP recent days)))) (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Hugo Quackenbush) , (NP (NP senior vice president) (PP-LOC at (NP Charles Schwab))))) ,) (NP-SBJ many small investors) (VP are (ADJP-PRD absolutely convinced (SBAR that `` (S (NP-SBJ they) (VP should n't (VP play (PP-LOC in (NP the stock market)))))))) . '')) (TOP (S (NP-SBJ (NP Joseph Grano) , (NP (NP president) (PP of (NP (NP retail sales) and (NP marketing))) (PP-LOC at (NP PaineWebber Group Inc.))) ,) (ADVP-TMP still) (VP thinks (SBAR that (S (NP-SBJ individual investors) (VP will (ADVP-TMP eventually) (VP go (ADVP-DIR back) (PP-DIR into (NP the stock market))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ Investors) (VP will (VP develop `` (NP thicker skins)))) , '' and (S (NP-SBJ their confidence) (VP will (VP return)))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S-1 (NP-SBJ (NP Friday 's) plunge) (PRN , (S (NP-SBJ he) (VP is (VP telling (NP PaineWebber brokers) (SBAR 0 (S *T*-1))))) ,) (VP was (ADJP-PRD (ADJP nothing more) (PP than (NP (NP a `` tremendous reaction) (PP to (NP leveraged buy-out stocks)))))) . '')) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ PaineWebber) (VP remains (PP-LOC-PRD among (NP the leaders)) (PP in (NP efforts (S (NP-SBJ *) (VP to (ADVP simply) (VP persuade (NP-1 investors) (S (NP-SBJ-2 *-1) (VP to (VP keep (S (NP-SBJ *-2) (VP giving (NP Wall Street) (NP their money)))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (NP-PRD (NP more) (PP of (NP an important issue))) (S-1 (NP-SBJ *) (VP to (VP (VP keep (NP (NP control) (PP of (NP those assets)))) , (CONJP rather than) (VP push (S (NP-SBJ the investor) (VP to (VP move (PP-DIR into (NP (NP (PRN -LRB- specific -RRB-) products) (PP such as (NP equities))))))))))))) , '' (NP-SBJ Mr. Grano) (VP says (S *T*-2)) .)) (TOP (S `` (NP-SBJ The equity decision) (VP will (VP come (SBAR-TMP (SBAR (WHADVP-1 when) (S (NP-SBJ the client) (VP is (ADJP-PRD ready) (ADVP-TMP *T*-1)))) and (SBAR (WHADVP-2 when) (S (NP-SBJ there) (VP 's (NP-PRD (NP a semblance) (PP of (NP confidence))) (ADVP-TMP *T*-2))))))) . '')) (TOP (SINV (S-TPC-1 (NP-SBJ It) (VP could (VP be (NP-PRD a long wait)))) , (VP say (SBAR 0 (S *T*-1))) (NP-SBJ some industry observers) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Some investors) (VP will (VP tiptoe (ADVP-DIR back) (ADVP-DIR in)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Richard Ross) , (NP (NP a market research director) (PP for (NP (NP Elrick & Lavidge) (PP-LOC in (NP Chicago)))))) .)) (TOP (S `` Then (NP-SBJ there) (VP 'll (VP be (NP-PRD another swing))) .)) (TOP (S (S-TPC-2 (PP Given (NP (NP enough) (PP of (NP these)))) , (NP-SBJ this) (VP will (VP drive (NP (NP everyone) (PP *ICH*-1)) (ADVP-DIR out) (PP-1 except (NP the (ADJP most hardy)))))) , '' (NP-SBJ he) (VP adds (S *T*-2)) .)) (TOP (S (NP-SBJ (NP Mr. Ross) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP been (VP studying (NP (NP (NP retail investors ') perception) (PP of (NP (NP risks) (PP-LOC in (NP the brokerage industry)))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP a market plunge) (PP like (NP Friday 's))) `` (VP shatters (NP (NP (NP investors ') confidence) (PP in (NP their ability (S (NP-SBJ *) (VP to (VP make (NP (NP any judgments) (PP on (NP the market))))))))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ (NP The long-term outlook) (PP for (NP the retail brokerage business))) (VP is `` (ADJP-PRD miserable))) , '' (NP-SBJ Mr. Ross) (VP declares (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The following) (VP were (PP-LOC-PRD among (NP (NP (NP yesterday 's) offerings and pricings) (PP-LOC in (NP the (UCP U.S. and non-U.S.) capital markets)))) , (PP with (NP terms and syndicate manager)) , (SBAR-ADV as (S (NP-SBJ-1 *) (VP compiled (NP *-1) (PP by (NP-LGS Dow Jones Capital Markets Report)))))) :)) (TOP (NP-HLN (NP Washington) , (NP D.C.) --)) (TOP (NP (NP (NP (NP (QP $ 200 million) *U*) (PP of (NP general obligation tax revenue anticipation notes))) , (NP Series 1990) ,) (ADJP due (NP-TMP Sept. 28 , 1990)) .)) (TOP (S (NP-SBJ-1 (QP About $ 190 million) *U*) (VP were (VP offered (NP *-1) (PP through (NP Shearson Lehman Hutton Inc)))) .)) (TOP (S (NP-SBJ Shearson) (VP is (VP offering (NP the notes) (PP-CLR as (NP (NP (ADJP (QP 6 3) %) securities) (VP priced (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 6.15 %))))))))) .)) (TOP (S (NP-SBJ J.P. Morgan Securities Inc.) (VP is (VP offering (NP (NP the remaining (QP $ 10 million) *U*) (PP of (NP notes))))) .)) (TOP (S (NP-SBJ-2 The notes) (VP are (VP rated (S (NP-SBJ *-2) (ADJP-PRD MIG-1)) (PP by (NP-LGS (NP Moody 's) Investors Service Inc)))) .)) (TOP (S (NP-SBJ (NP Standard & Poor 's) Corp.) (VP has (NP them) (PP-LOC-CLR under (NP review))) .)) (TOP (NP-HLN Federal National Mortgage Association --)) (TOP (NP (NP (NP (QP $ 400 million) *U*) (PP of (NP Remic mortgage securities))) (VP being (VP offered (NP *) (PP-LOC in (NP 16 classes)) (PP by (NP-LGS Bear , Stearns & Co)))) .)) (TOP (S (NP-SBJ-84 (NP The offering) , (NP Series 1989-83) ,) (VP is (VP backed (NP *-84) (PP by (NP-LGS Fannie Mae (ADJP 9 %) securities)))) .)) (TOP (S (NP-SBJ The offering) (VP used (NP at-market pricing)) .)) (TOP (S (ADVP Separately) , (NP-SBJ Fannie Mae) (VP issued (NP (NP (QP $ 400 million) *U*) (PP of (NP Remic mortgage securities))) (PP-LOC in (NP 12 classes)) (PP through (NP First Boston Corp))) .)) (TOP (S (NP-SBJ-85 (NP The offering) , (NP Series 1989-84) ,) (VP is (VP backed (NP *-85) (PP by (NP-LGS Fannie Mae (ADJP 9 %) securities)))) .)) (TOP (S (NP-SBJ Pricing details) (VP were n't (ADJP-PRD available)) .)) (TOP (S (NP-SBJ The two offerings) (VP (VP bring (NP-2 (NP Fannie Mae 's) 1989 Remic issuance) (PP-DIR-3 to (NP (QP $ 31 billion) *U*))) and (VP (NP=2 (NP its total volume) (SBAR-TMP *ICH*-4)) (PP-DIR=3 to (NP (QP $ 43.3 billion) *U*)) (SBAR-TMP-4 since (S (NP-SBJ the program) (VP began (PP-TMP in (NP April 1987))))))) .)) (TOP (NP-HLN (NP Societa per Azioni Finanziaria Industria Manaifatturiera) (PRN -LRB- (NP-LOC Italy) -RRB-) --)) (TOP (NP (NP (NP (QP $ 150 million) *U*) (PP of (NP (ADJP 9 %) depository receipts))) (ADJP due (NP-TMP Nov. 27 , 1994)) , (VP priced (NP-1 *) (PP-CLR at (NP 101.60)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP (NP 9.07 %) (PP less (NP fees))))))) , (PP via (NP Bankers Trust International Ltd)) .)) (TOP (NP (NP Fees) (NP (QP 1 7)) .)) (TOP (NP-HLN (NP Mitsubishi Corp . Finance) (PRN -LRB- (NP Japanese parent) -RRB-) --)) (TOP (NP (NP (NP (QP $ 100 million) *U*) (PP of (NP (ADJP 8 5 %) bonds))) (ADJP due (NP-TMP Nov. 1 , 1993)) (VP priced (NP-1 *) (PP-CLR at (NP 101 1)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP (NP 8.74 %) (ADVP-TMP annually) (PP less (NP full fees))))))) , (PP via (NP Yamaichi International (PRN -LRB- Europe -RRB-) Ltd)) .)) (TOP (NP (NP Fees) (NP (QP 1 5)) .)) (TOP (NP-HLN (NP Indian Oil Corp .) (PRN -LRB- (NP-LOC India) -RRB-) --)) (TOP (NP (NP (NP (QP $ 200 million) *U*) (PP of (NP floating-rate notes))) (ADJP due (NP-TMP November 1994)) , (VP (VP paying (NP (NP six-month London interbank offered rate) plus (NP 3 point))) and (VP priced (NP *) (PP-CLR at (NP par)))) (PP via (NP Credit Suisse First Boston Ltd)) .)) (TOP (VP Guaranteed (NP *) (PP by (NP-LGS India)) .)) (TOP (NP (NP Fees) (NP 0.36) .)) (TOP (NP (NP Notes) (VP offered (NP *) (PP-CLR at (NP (NP a fixed level) (PP of (NP 99.75))))) .)) (TOP (NP-HLN (NP National Westminster Bank PLC) (PRN -LRB- (NP-LOC U.K.) -RRB-) --)) (TOP (NP (NP (QP # 200 million) *U*) (PP of (NP (NP undated variable-rate notes) (VP priced (NP *) (PP-CLR at (NP par)) (PP via (NP Merill Lynch International Ltd))))) .)) (TOP (S (NP-SBJ-1 Initial interest rate) (VP set (NP *-1) (PP-CLR at (NP 0.375 point)) (PP over (NP three-month Libor))) .)) (TOP (S (NP-SBJ-1 Subsequent margins) (VP set (NP *-1) (PP-MNR by (NP (NP agreement) (PP between (NP NatWest and Merrill))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ no margin) (ADJP-PRD agreed))) , (NP-SBJ there) (VP is (NP-PRD (NP a fallback rate) (PP of (NP (NP (NP (NP Libor) plus (NP 0.75 point)) (PP-TMP in (NP years one to 15))) , and (NP (NP (NP Libor) plus (NP 1.25 point)) (ADVP-TMP thereafter)))))) .)) (TOP (NP-HLN (NP Keihin Electric Express Railway Co .) (PRN -LRB- (NP-LOC Japan) -RRB-) --)) (TOP (NP (NP (NP (QP $ 150 million) *U*) (PP of (NP bonds))) (ADJP due (NP-TMP Nov. 9 , 1993)) , (PP with (NP equity-purchase warrants)) , (VP indicating (NP (NP a (ADJP 4 %) coupon) (PP at (NP par)))) (PP via (NP Yamaichi International (PRN -LRB- Europe -RRB-) Ltd)) .)) (TOP (S (NP-SBJ Each (ADJP $ 5,000 *U*) bond) (VP carries (NP (NP one warrant (S *ICH*-2)) , (ADJP exercisable (PP-TMP (PP from (NP Dec. 1 , 1989 ,)) (PP through (NP Nov. 2 , 1993)))) , (S-2 (NP-SBJ *) (VP to (VP buy (NP company shares) (PP-CLR at (NP (NP an expected premium) (PP of (NP (QP 2 1) %)) (PP to (NP (NP the closing share price) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 terms) (VP are (VP fixed (NP *-1) (NP-TMP Oct. 24) (ADVP-TMP *T*-3)))))))))))))) .)) (TOP (NP-HLN (NP Seiren Co .) (PRN -LRB- (NP-LOC Japan) -RRB-) --)) (TOP (NP (NP (NP (QP 110 million) Swiss francs) (PP of (NP (ADJP privately placed) convertible notes))) (ADJP due (NP-TMP March 31 , 1994)) , (PP with (NP an indicated (ADJP 0.25 %) coupon)) (PP at (NP par)) , (PP via (NP Bank Leu Ltd)) .)) (TOP (NP (NP (NP Put option) (PP on (NP March 31 , 1992)) , (PP-LOC at (NP an indicated 109))) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP yield (NP 3.865 %))))) .)) (TOP (FRAG (ADJP Callable (PP-TMP on (NP March 31 , 1992)) , (PP-LOC at (NP 109))) , (VP (ADVP also) (VP beginning (NP-TMP Sept. 30 , 1992) , (PP from (NP (QP 101 1)))) and (VP declining (NP-EXT half a point) (ADVP-TMP semiannually) (PP-DIR to (NP par)))) .)) (TOP (S (NP-SBJ Each 50,000 Swiss franc note) (VP is (ADJP-PRD convertible (PP (PP from (NP Nov. 20 , 1989)) , (PP to (NP March 17 , 1994)))) , (PP at (NP (NP an indicated (ADJP 5 %) premium) (PP over (NP (NP the closing share price) (NP-TMP (NP Oct. 25) , (SBAR (WHADVP-2 when) (S (NP-SBJ-3 terms) (VP are (VP scheduled (S (NP-SBJ-1 *-3) (VP to (VP be (VP fixed (NP *-1) (ADVP-TMP *T*-2))))))))))))))) .)) (TOP (NP-HLN (NP N. Nomura & Co .) (PRN -LRB- (NP-LOC Japan) -RRB-) --)) (TOP (NP (NP (NP (QP 50 million) Swiss francs) (PP of (NP (ADJP privately placed) convertible notes))) (ADJP due (NP-TMP March 31 , 1994)) , (PP with (NP an indicated (ADJP 0.5 %) coupon)) (PP at (NP par)) , (PP via (NP Bank Julius Baer)) .)) (TOP (NP (NP (NP Put option) (PP on (NP March 31 , 1992)) , (PP at (NP an indicated (QP 108 1)))) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP yield (NP 3.846 %))))) .)) (TOP (S (NP-SBJ Each 50,000 Swiss franc note) (VP is (ADJP-PRD convertible (PP (PP from (NP Nov. 20 , 1989)) , (PP to (NP March 17 , 1994)))) , (PP at (NP (NP a (ADJP 5 %) premium) (PP over (NP (NP the closing share price) (NP-TMP (NP Oct. 21) , (SBAR (WHADVP-2 when) (S (NP-SBJ-3 terms) (VP are (VP scheduled (S (NP-SBJ-1 *-3) (VP to (VP be (VP fixed (NP *-1) (ADVP-TMP *T*-2))))))))))))))) .)) (TOP (NP-HLN (NP Aegon N.V .) (PRN -LRB- (NP-LOC Netherlands) -RRB-) --)) (TOP (NP (NP (NP (QP 250 million) Dutch guilders) (PP of (NP (ADJP (QP 7 3) %) bonds))) (ADJP due (NP-TMP Nov. 15 , 1999)) , (VP priced (NP-1 *) (PP-CLR at (NP (QP 101 1))) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP (NP (NP 7.57 %) (PP at (NP issue price))) and (NP (NP 7.86 %) (PP less (NP full fees)))))))) , (PP via (NP AMRO Bank)) .)) (TOP (NP (NP Fees) (NP 2) .)) (TOP (NP-HLN Continental Airlines --)) (TOP (NP (NP (NP a four-part , (ADJP (QP $ 71 million) *U*) issue) (PP of (NP secured equipment certificates))) (VP priced (NP *) (PP through (NP Drexel Burnham Lambert Inc))) .)) (TOP (S (NP-SBJ-1 (NP The size) (PP of (NP the issue))) (VP was (VP decreased (NP *-1) (PP-DIR from (NP an (ADJP originally planned) (QP $ 95.2 million) *U*)))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 (NP a planned two-part offering) (PP of (NP (NP (QP $ 58 million) *U*) (PP in (NP unsecured notes))))) (VP was n't (VP offered (NP *-1))) .)) (TOP (S (NP-SBJ-1 (NP The first part) , (VP consisting (PP-CLR of (NP (NP (QP $ 2.5 million) *U*) (PP of (NP (NP (ADJP 11 1 %) secured equipment certificates) (ADJP due (NP-TMP June 15 , 1990))))))) ,) (VP was (VP priced (NP *-1) (PP-CLR at (NP 98.481)) (PP with (NP (NP a yield) (PP to (NP maturity)) (PP of (NP 13.75 %)))))) .)) (TOP (S (NP-SBJ-1 (NP The second part) , (VP consisting (PP-CLR of (NP (NP (QP $ 28 million) *U*) (PP of (NP (NP (ADJP 11 3 %) secured equipment certificates) (ADJP due (NP-TMP June 15 , 1995))))))) ,) (VP was (VP priced (NP *-1) (PP-CLR at (NP 87.026)) (PP with (NP (NP a yield) (PP to (NP maturity)) (PP of (NP 15.25 %)))))) .)) (TOP (S (NP-SBJ-1 (NP The third part) , (VP consisting (PP-CLR of (NP (NP (QP $ 18.5 million) *U*) (PP of (NP (NP (ADJP 12 1 %) secured equipment certificates) (ADJP due (NP-TMP April 15 , 1996))))))) ,) (VP was (VP priced (NP *-1) (PP-CLR at (NP 85.60)) (PP with (NP (NP a yield) (PP to (NP maturity)) (PP of (NP 15.75 %)))))) .)) (TOP (S (NP-SBJ-1 (NP The fourth part) , (VP consisting (PP-CLR of (NP (NP (QP $ 22 million) *U*) (PP of (NP (NP (ADJP 12 1 %) secured equipment certificates) (ADJP due (NP-TMP April 15 , 1999))))))) ,) (VP was (VP priced (NP *-1) (PP-CLR at (NP 85.339)) (PP with (NP (NP a yield) (PP to (NP maturity)) (PP of (NP 15.50 %)))))) .)) (TOP (S (NP-SBJ-3 The issue) (VP was (VP (VP rated (S (NP-SBJ *-3) (ADJP-PRD-1 single-B-2)) (PP-2 by (NP-LGS Moody 's))) and (VP (ADJP-PRD=1 single-B) (PP=2 by (NP-LGS S&P))))) .)) (TOP (S (NP-SBJ (NP All parts) (PP of (NP the issue))) (VP are (ADJP-PRD callable (PP *ICH*-1)) (PP-TMP at (NP any time)) (PP-1 at (NP par))) .)) (TOP (S (NP-SBJ Continental Airlines) (VP is (NP-PRD (NP a unit) (PP of (NP Texas Air Corp)))) .)) (TOP (S (NP-SBJ-1 (NP (NP John V. Holmes) , (NP an investment-newsletter publisher) ,) and (NP (NP three venture-capital firms) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP organized (NP *T*-2)))))) (VP were (VP enjoined (NP *-1) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP violating (NP (NP the registration provisions) (PP of (NP (NP the securities laws) (VP governing (NP investment companies)))))))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP (NP an agreement) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP settled (NP (NP charges) (VP brought (NP *) (PP by (NP-LGS the Securities and Exchange Commission))))))))))) , (NP-SBJ-2 a receiver) (VP was (ADVP also) (VP appointed (NP *-2) (PP for (NP the three venture-capital firms)))) .)) (TOP (S (NP-SBJ Mr. Holmes) (VP was (NP-PRD (NP the subject) (PP of (NP (NP a page one profile) (PP-LOC in (NP The Wall Street Journal))))) (PP-TMP in (NP 1984)) , (SBAR-TMP after (S (NP-SBJ the SEC) (VP questioned (NP him) (PP-CLR about (NP (NP ties) (PP between (NP (NP him) and (NP (NP companies) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP touted (NP *T*-1) (PP-LOC in (NP a newsletter)))))))))))))) .)) (TOP (S (PP-TMP In (NP 1986)) , (PP-LOC in (NP (NP another consent agreement) (PP with (NP the SEC)))) , (NP-SBJ-1 Mr. Holmes) (VP was (VP enjoined (NP *-1) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP violating (NP (NP the (ADJP stock-registration and anti-fraud) provisions) (PP of (NP the securities laws)))))))) .)) (TOP (S (PP Without (NP (NP any admission or denial) (PP of (NP guilt)) (PP by (NP Mr. Holmes)))) , (NP-SBJ that agreement) (VP settled (NP SEC charges (SBAR that (S (NP-SBJ Mr. Holmes) (VP (VP sold (NP unregistered securities)) and (VP misled (NP investors))))))) .)) (TOP (S (PP-LOC In (NP (NP charges) (VP filed (NP *) (NP-TMP last week) (PP-LOC in (NP (NP federal district court) (PP-LOC in (NP (NP Charlotte) , (NP N.C.) ,))))))) (NP-SBJ the SEC) (VP alleged (SBAR that (S (NP-SBJ-1 (NP (NP Venture Capitalists Inc.) , (NP Venture Finance Corp.) and (NP New Ventures Fund Inc.)) , (NP (NP all) (PP of (NP Charlotte))) ,) (VP failed (ADVP repeatedly) (S (NP-SBJ *-1) (VP to (VP file (NP proper documents)))))))) .)) (TOP (S (NP-SBJ The SEC) (ADVP also) (VP charged (SBAR that (S (NP-SBJ Mr. Holmes) (VP acted (PP-CLR as (NP (NP an officer or director) (PP of (NP New Ventures)))) , (PP in (NP (NP violation) (PP of (NP his previous consent agreement)))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ Some companies) (VP were (ADJP-PRD delinquent) (PP in (NP (NP (NP filings) and (NP other actions)) , (SBAR (WHNP-1 (NP all) (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP cost (NP money)))))))) , '' (NP-SBJ Mr. Holmes) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ (NP (NP Two) (PP of (NP (NP Mr. Holmes 's) business associates)) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP worked (PP-CLR for (NP Venture Capitalists)))))) , (NP (NP Kimberly Ann Smith) and (NP Frederick Byrum)) ,) (ADVP also) (VP consented (S (NP-SBJ-1 *) (VP to (VP being (VP enjoined (NP *-1) (PP-CLR from (NP (NP violations) (PP of (NP (NP registration provisions) (PP of (NP the securities laws))))))))))) .)) (TOP (S (NP-SBJ Ms. Smith) (ADVP also) (VP agreed (PP-CLR to (NP (NP a permanent injunction) (VP barring (NP-1 her) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP acting (PP-CLR as (NP (NP an (NX (NX officer) , (NX director) or (NX investment adviser))) (PP of (NP any (NX (NX mutual fund) , (NX unit investment trust) or (NX face-amount certificate company))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Byrum) and (NP Ms. Smith)) (VP could n't (VP be (VP reached (NP *-1) (PP for (NP comment))))) .)) (TOP (S (PP In (S-NOM (NP-SBJ *-1) (VP consenting (PP-CLR to (NP the injunctions))))) , (NP-SBJ-1 (NP none) (PP of (NP the individuals or companies))) (VP admitted or denied (NP the allegations)) .)) (TOP (S (NP-SBJ Senate Republicans) (VP have (VP settled (PP-CLR on (NP (NP a proposal) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP cut (NP (NP the capital-gains tax) (PP for (NP individuals and corporations))))))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ (NP a small group) (PP of (NP Senate Democrats))) (VP (VP are (VP working (PP-CLR on (NP a similar plan)))) and (VP may (VP introduce (NP it) (ADVP-TMP soon)))) .)) (TOP (S (NP-SBJ (NP (NP Sen. Bob Packwood) (PRN -LRB- (NP R.) , (NP-LOC Ore.) -RRB-)) , (NP (NP the lead sponsor) (PP of (NP the GOP proposal))) ,) (VP said (SBAR 0 (S (NP-SBJ-2 he) (VP intends (S (NP-SBJ *-2) (VP (VP to (VP unveil (NP the plan) (NP-TMP today))) and (VP to (VP offer (NP it) (PP-CLR as (NP (NP an amendment) (PP to (NP (SBAR-NOM (WHNP-1 whatever legislation) (S (NP-SBJ *T*-1) (VP comes (ADVP-CLR along)))) , (ADVP particularly) (NP (NP (NP this month 's) bill) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP raise (NP the federal borrowing limit)))))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP gave (NP 10-to-1 odds (SBAR that (S (NP-SBJ-2 (NP a capital-gains tax cut) (PP of (NP some sort))) (VP would (VP be (VP approved (NP *-2) (NP-TMP this year) , (SBAR-ADV though (S (NP-SBJ-3 it) (ADVP probably) (VP wo n't (VP be (VP included (NP *-3) (PP-LOC-CLR in (NP the pending deficit-reduction bill)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ-2 he) (VP expects (S (NP-SBJ *-2) (VP to (VP talk (PP-CLR to (NP (NP the Democrats) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (ADVP also) (VP wanted (S (NP-SBJ-4 *-3) (VP to (S (NP-SBJ *-4) (VP cut (NP the gains tax)))))))))) (PP about (S-NOM (NP-SBJ *) (VP drafting (NP a joint proposal))))))))))) .)) (TOP (S (PP For (NP individuals)) , (NP-SBJ the Packwood plan) (VP would (VP exclude (PP-CLR from (NP income)) (NP (NP 5 %) (PP of (NP (NP the gain) (PP from (NP (NP the sale) (PP of (NP (NP a capital asset) (VP held (NP *) (PP-TMP for (NP (QP more than one) year)))))))))))) .)) (TOP (S (NP-SBJ The exclusion) (VP would (VP rise (NP-EXT five percentage points) (PP for (NP (NP each year) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 the asset) (VP was (VP held (NP *-1) (ADVP-TMP *T*-2))))))) (SBAR-TMP until (S (NP-SBJ it) (VP reached (NP (NP a maximum) (PP of (NP 35 %)))))))) .)) (TOP (S (NP-SBJ The exclusion) (VP would (VP apply (PP-CLR to (NP (NP assets) (VP sold (NP *) (PP-TMP after (NP Oct. 1 , 1989))))))) .)) (TOP (S-2 (PP As (NP an alternative)) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-1 taxpayers) (VP could (VP chose (S (NP-SBJ *-1) (VP to (VP reduce (NP their gains) (PP-EXT by (NP an inflation index))))))) .)) (TOP (S (PP For (NP corporations)) , (NP-SBJ-1 (NP the top tax rate) (PP on (NP (NP the sale) (PP of (NP (NP assets) (VP held (NP *) (PP-TMP for (NP (QP more than three) years)))))))) (VP would (VP be (VP cut (NP *-1) (PP-DIR to (NP 33 %)) (PP-DIR from (NP (NP the current top rate) (PP of (NP 34 %))))))) .)) (TOP (S (NP-SBJ That rate) (VP would (VP (ADVP-MNR gradually) decline (PP-DIR to (NP (QP as little as 29) %)) (PP for (NP (NP corporate assets) (VP held (NP *) (PP-TMP for (NP 15 years))))))) .)) (TOP (S (NP-SBJ The Packwood plan) (VP would (ADVP also) (VP include (NP (NP a proposal) , (VP designed (NP *) (PP by (NP-LGS (NP Sen. William Roth) (PRN -LRB- (NP R.) , (NP-LOC Del.) -RRB-)))) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP expand and alter (NP (NP the deduction) (PP for (NP individual retirement accounts)))))))))) .)) (TOP (S (NP-SBJ The Roth plan) (VP would (VP create (NP (NP a new , non-deductible IRA) (SBAR (WHPP-2 from (WHNP which)) (S (NP-SBJ-1 money) (VP could (VP be (VP withdrawn (NP *-1) (ADVP-MNR tax-free) (UCP (PP (CONJP not only) (PP for (NP retirement)) , (CONJP but also) (PP for (NP (NP the purchase) (PP of (NP a first home))))) and (S-PRP (NP-SBJ *) (VP to (VP pay (NP (UCP education and medical) expenses))))) (PP-DIR *T*-2))))))))) .)) (TOP (S (NP-SBJ Current IRAs) (VP (VP could (VP be (VP rolled (ADVP-CLR over) (PP-CLR into (NP the new IRAs))))) but (VP would (VP be (ADJP-PRD subject (PP to (NP tax)))))) .)) (TOP (S (PP For (NP their part)) , (NP-SBJ (NP the group) (PP of (NP Democrats))) (VP are (VP working (PP-CLR on (NP (NP a plan) (SBAR (WHNP-2 that) , (S (PP like (NP the Packwood proposal)) , (NP-SBJ *T*-2) (VP would (VP grant (NP larger exclusions) (PP-DTV to (NP assets)) (ADVP the longer (SBAR 0 (S (NP-SBJ-1 they) (VP were (VP held (NP *-1) (PP by (NP-LGS individuals and companies))))))))))))))) .)) (TOP (S (NP-SBJ (ADJP Newly acquired) assets) (VP would (VP get (NP (NP a bigger break) (PP than (NP (NP those) (VP (ADVP-TMP currently) held (NP *))))))) .)) (TOP (S (NP-SBJ-1 An extra exclusion) (VP would (VP be (VP given (NP *-1) (PP-DTV to (NP (NP long-held stock) (PP-LOC in (NP (NP (ADJP small and medium-size) corporations) (VP (ADVP just) starting (PRT up))))))))) .)) (TOP (S (NP-SBJ (NP No one) (PP-LOC in (NP the Senate))) (VP is (VP considering (NP (NP the capital-gains plan) (VP passed (NP *) (PP by (NP-LGS the House)))))) .)) (TOP (S (NP-SBJ That plan) (VP would (VP provide (NP a (ADJP 30 %) exclusion) (PP-CLR to (NP (NP assets) (VP sold (NP *) (PP-TMP over (NP (NP a (ADJP 2 1) period) (VP ending (NP Dec. 31 , 1991))))))))) .)) (TOP (S (PP-TMP After (NP then)) , (NP-SBJ the House measure) (VP would (VP (VP boost (NP the tax rate) (PP-DIR to (NP 28 %))) and (VP exclude (PP-CLR from (NP tax)) (NP (NP the gain) (ADJP attributable (PP to (NP inflation))))))) .)) (TOP (S (NP-SBJ-1 Senators) (VP are (VP focusing (PP-CLR on (S-NOM (NP-SBJ *-1) (VP making (S (NP-SBJ a capital-gains differential) (ADJP-PRD permanent))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ (NP Chairman Dan Rostenkowski) (PRN -LRB- (NP D.) , (NP-LOC Ill) . -RRB-) (PP of (NP the House Ways and Means Committee))) (VP said (SBAR 0 (S (NP-SBJ he) (VP did n't (VP want (S (NP-SBJ (NP the capital-gains tax cut) or (NP (NP any other amendments) (VP attached (NP *) (PP-CLR to (NP the pending bill))))) (VP raising (NP the federal borrowing limit)))))))) .)) (TOP (S (NP-SBJ The current debt limit) (VP expires (NP-TMP Oct. 31)) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP urged (NP-2 House and Senate negotiators) (S (NP-SBJ *-2) (VP to (VP rid (NP the deficit-reduction bill) (PP-CLR of (NP (NP all provisions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP increase (NP the budget deficit)))) , (PP including (NP the House-passed capital-gains provision)))))))) .)) (TOP (S (PP From (NP (NP a helicopter) (PP-LOC (NP (QP a thousand) feet) above (NP Oakland)))) (PP-TMP after (NP (NP the second-deadliest earthquake) (PP-LOC in (NP U.S. history)))) , (NP-SBJ (NP (NP a scene) (PP of (NP devastation))) (NP *ICH*-1)) (VP emerges : (NP-1 (NP (NP a freeway) (VP crumbled (NP *) (PP-CLR into (NP a concrete sandwich)))) , (NP (NP hoses) (VP pumping (NP water) (PP-DIR into (NP once-fashionable apartments)))) , (NP abandoned autos))) .)) (TOP (S But (NP-SBJ this quake) (VP was n't (NP-PRD (NP the big one) , (NP (NP the replay) (PP of (NP 1906)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP feared (NP *-1) (PP-TMP for (NP (ADJP so many) years)))))))))) .)) (TOP (S (PP Despite (NP (NP (NP the tragic loss) (PP of (NP (QP more than 270) lives))) , and (NP (NP damage) (VP estimated (NP *) (PP-CLR in (NP the billions)))))) , (NP-SBJ-1 (NP (NP most businesses) and (NP their plants and offices)) (PP-LOC in (NP the Bay area))) (VP were n't (VP (ADVP-MNR greatly) affected (NP *-1))) .)) (TOP (S (NP-SBJ-1 (NP The economic life) (PP of (NP the region))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP revive (PP-TMP in (NP a day (QP or two)))))) , (SBAR-ADV although (S (NP-SBJ some transportation problems) (VP may (VP last (NP-TMP weeks or months))))))) .)) (TOP (S (NP-SBJ (NP A main factor) (VP mitigating (NP more widespread damage))) (VP was (NP-PRD (NP (NP the location) (PP of (NP (NP the quake 's) epicenter))) -- (PP-LOC (PP (NP 20 miles) from (NP (NP the heart) (PP of (NP the Silicon Valley)))) and (PP (NP (QP more than 50) miles) from (NP (NP downtown San Francisco) and (NP Oakland)))))) .)) (TOP (S (ADVP Also) , (NP-SBJ-1 (NP (NP the region 's) insistence) (PP on (NP strict building codes))) (VP helped (S (NP-SBJ *-1) (VP prevent (NP wider damage)))) .)) (TOP (S (NP-SBJ-1 (NP The tremendous energy) (PP of (NP the quake))) (VP was (VP dissipated (NP *-1) (PP by (NP-LGS the distance)) , (SBAR-ADV so that (S (NP-SBJ (NP (NP most parts) (PP of (NP the valley))) and (NP the major cities)) (VP suffered (NP (NP (ADJP largely cosmetic) damage) -- (NP (NP broken windows) , (NP falling brick and cornices) , (NP buckled asphalt or sidewalks)))))))) .)) (TOP (S (PP Of (NP course)) , (NP-SBJ the quake) (VP was (NP-PRD (NP the worst) (SBAR-TMP since (S (NP-SBJ (NP the emergence) (PP of (NP the computer era))) (VP turned (NP Silicon Valley) (PP-CLR into (NP (NP (NP the nation 's) capital) (PP of (NP high technology))))))))) .)) (TOP (S (PP Like (NP other major American cities)) , (NP-SBJ (NP the (ADJP San Francisco -- Oakland) area)) (VP owes (NP its current prosperity) (PP-CLR (PP (ADVP more) to (NP (NP its infrastructure) (PP of (NP (NP fiber-optic cables) (VP linking (NP (NP thousands) (PP of (NP (NP computer terminals) and (NP telephones))))))))) (PP than (PP to (NP (NP its location) (PP-LOC astride (NP (NP one) (PP of (NP (NP the world 's) great natural harbors))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the tremors) (VP struck (ADVP-TMP *T*-1)))) , (NP-SBJ (NP the region 's) (ADJP largely unseen) high-tech fabric) (VP held (PRT up) (ADVP-MNR surprisingly well) (PP despite (NP (NP the devastation) (ADJP visible (PP from (NP the air)))))) .)) (TOP (S (NP-SBJ (NP Michael L. Bandler) , (NP (NP vice president) (PP for (NP network technology)) (PP-LOC at (NP Pacific Bell Telephone Co.))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP nearly all (NP the network 's) computer switches) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP move (NP (NP (NP thousands) (PP of (NP calls))) (NP-ADV a minute)) (PP-DIR from (NP one location)) (PP-DIR to (NP another))))) ,) (VP changed (PP-CLR to (NP battery power)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the city) (VP lost (NP power) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (S (NP-SBJ The battery packs) (VP have (NP (NP enough power) (PP for (NP (QP only three) hours))))) , but (S (NP-SBJ that) (VP gave (NP emergency crews) (NP (NP time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP turn (PRT on) (NP (NP an emergency system) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP runs (PP-CLR (ADVP primarily) on (NP diesel fuel)))))) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (PP-TPC-1 Of (NP (NP (QP some 160) switches) (PP-LOC in (NP (NP Pacific Bell 's) network)))) , (NP-SBJ (NP (QP only four)) (PP *T*-1)) (VP went (ADVP-CLR down)) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP those))) (VP was (PP-LOC-PRD (PP in (NP (NP Hollister) , (NP Calif.) ,)) (PP near (NP (NP the earthquake 's) epicenter)))) .)) (TOP (S (NP-SBJ Few telephone lines) (VP snapped) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRP-PRD because (S (NP-SBJ-1 the (ADJP widely used) fiber-optic cable) (VP has (VP been (VP installed (NP *-1) (ADVP-LOC-CLR underground) (PP with (NP (NP 25 extra feet) (PP of (NP cable)) (PP-LOC between (NP junction points)))))))))) .)) (TOP (S (NP-SBJ The slack) (VP absorbs (NP (NP the pulling strain) (VP generated (NP *) (PP by (NP-LGS an earthquake))))) .)) (TOP (S (S (ADVP Nevertheless) , (NP-SBJ phone service) (VP was (ADJP-PRD sporadic))) ; (S (NP-SBJ many computer terminals) (VP remained (ADJP-PRD dark))) , and (S (PP-TMP by (NP late yesterday)) (NP-SBJ (NP a third) (PP of (NP San Francisco))) (VP remained (PP-PRD without (NP power)))) .)) (TOP (S (S (NP-SBJ-1 (NP Business) (PP-LOC in (NP (NP the nation 's) fourth-largest metropolitan region))) (VP was (ADVP nearly) (VP paralyzed (NP *-1)))) ; (S (NP-SBJ (NP an estimated (QP one million) members) (PP of (NP the work force))) (VP stayed (PP-LOC-PRD at (NP home)))) .)) (TOP (S (NP-SBJ The economic dislocation) (VP was (ADJP-PRD (ADJP as abrupt) (PP as (NP (NP the earthquake) (NP itself)))) , (SBAR-ADV as (S (NP-SBJ virtually all businesses) (VP shut (PRT down))))) .)) (TOP (S (NP-SBJ The (ADJP $ 125-billion-a-year *U*) Bay area economy) (VP (VP represents (NP (NP one-fourth) (PP of (NP (NP the economy) (PP of (NP (NP the nation 's) (ADJP most populous) state)))))) and (VP accounts (PP-CLR for (NP (NP (NP 2 %) to (NP 3 %)) (PP of (NP (NP (NP the nation 's) total output) (PP of (NP goods and services))))))) , (PP according (PP to (NP (NP the Center) (PP for (NP (NP Continuing Study) (PP of (NP the California Economy)))) (PP-LOC in (NP Palo Alto)))))) .)) (TOP (S (PP-LOC In (NP high-tech)) , (NP-SBJ the Bay area) (VP accounts (PP-CLR for (NP (NP (NP 15 %) to (NP 20 %)) (PP of (NP the U.S. computer-related industry))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP has (VP been (NP-PRD a major disruption) (PP for (NP the Bay area economy))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Pauline Sweezey) , (NP (NP the chief economist) (PP-LOC at (NP (NP the California Department) (PP of (NP Finance)))))) .)) (TOP (S `` (ADVP Obviously) , (NP-SBJ-1 things) (VP are (VP going (S (NP-SBJ-2 *-1) (VP to (VP have (S (NP-SBJ *-2) (VP to (VP go (PP-CLR on (NP hold)) (PP for (NP many companies)))))))))) . '')) (TOP (S (NP-SBJ (NP The damage) (PP to (NP (NP the Bay area 's) roadways))) (VP could (VP cause (NP significant economic hardship))) .)) (TOP (S (NP-SBJ (NP (QP A quarter of a million) people) (ADJP *ICH*-1)) (VP cross (NP the Bay Bridge) (NP-TMP every day) , (ADJP-1 (ADJP far more) (PP than (NP (NP the 100,000) (SBAR (WHNP-5 that) (S (NP-SBJ *T*-5) (VP use (NP (NP the Bay Area Rapid Transit system) (PRN -LRB- (NP BART) -RRB-) -- (SBAR (WHNP-6 which) (S (NP-SBJ *T*-6) (VP (VP was (VP working)) but (VP was n't (VP stopping (PP-LOC-CLR in (NP (NP the city 's) Financial District)) (NP-TMP yesterday afternoon) (SBAR-PRP because (S (S (NP-SBJ-3 electricity) (VP was (VP shut (NP *-3) (PRT off)))) and (S (NP-SBJ-4 the area) (VP was (VP being (VP checked (NP *-4) (PP-CLR for (NP gas leaks))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP California state transportation officials) (VP interviewed (NP *) (PP by (NP-LGS telephone)))) (VP say (SBAR 0 (S (NP-SBJ they) (ADVP nevertheless) (VP do n't (VP expect (NP (NP serious problems) (PP for (NP (NP commerce) (PP (PP in (NP *RNR*-1)) and (PP out (PP of (NP *RNR*-1))) (NP-1 the Bay area)))))))))) .)) (TOP (S (NP-SBJ (NP All major roadways) (PP except (NP (NP (NP Interstate 880) , (VP known (NP *) (PP-CLR as (NP the Nimitz Freeway))) ,) and (NP the Bay Bridge)))) (VP were (ADJP-PRD open) (PP-TMP by (NP (NP 1 p.m.) (NP-TMP yesterday)))) .)) (TOP (S (NP-SBJ-1 Officials) (VP expect (NP (NP difficulty) (S-NOM (NP-SBJ *-1) (VP routing (NP traffic) (PP-DIR through (NP downtown San Francisco)))))) .)) (TOP (S (NP-SBJ-2 The earthquake) (VP caused (S (NP-SBJ-1 many streets) (VP to (S (NP-SBJ *-1) (VP buckle and crack)))) , (S-ADV (NP-SBJ *-2) (VP making (S (NP-SBJ them) (ADJP-PRD impassible))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Other roads) (VP were (VP obstructed (NP *-1) (PP by (NP-LGS (NP collapsed buildings) and (NP damaged water and power lines)))))) , (NP-SBJ an emergency relief spokesman) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ San Francisco Mayor Art Agnos) (VP estimated (NP (NP the damage) (PP to (NP (NP his city) (ADVP alone)))) (PP-CLR at (NP (QP $ 2 billion) *U*))) .)) (TOP (S But (NP-SBJ many) (VP predicted (SBAR that (S (NP-SBJ the commercial disruption) (VP would (VP be (ADJP-PRD short-lived)))))) .)) (TOP (S (PP Of (NP (NP the scores) (PP of (NP companies)) (VP contacted (NP *) (PP by (NP-LGS this newspaper))))) , (NP-SBJ few) (VP reported (NP (NP any damage) (SBAR (WHNP-3 that) (S (NP-SBJ-1 they) (VP did n't (VP expect (S (NP-SBJ-2 *-1) (VP to (VP have (S (NP-SBJ *-2) (VP remedied (NP *T*-3) (PP-TMP within (NP a day (QP or two)))))))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-3)) (VP is (ADJP-PRD possible) , (PP of (NP course)) , (SBAR-3 that (S (NP-SBJ-4 (NP some) (PP of (NP the (ADJP (ADVP most seriously) damaged) companies))) (VP could n't (VP be (VP reached (NP *-4) , (PP-LOC (ADVP particularly) in (NP (NP areas) (PP-LOC nearest (NP the epicenter)))))))))) .)) (TOP (SINV (ADJP-PRD-TPC-1 Typical) , (ADVP perhaps) , (VP was (ADJP-PRD *T*-1)) (NP-SBJ (NP the situation) (PP-LOC at (NP (NP New United Motor Manufacturing Inc.) , (NP (NP the General Motors Corp.-Toyota joint-venture auto plant) (PP-LOC in (NP (NP Fremont) , (ADVP-LOC (NP (QP about 35) miles) south (PP of (NP Oakland))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Ten) (PP of (NP (NP the plant 's) workers))) (VP were (VP injured (NP *-1) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the quake) (VP hit (PP-TMP (NP (QP about a) half-hour) into (NP the afternoon shift)) (ADVP-TMP *T*-3))))))) ; (S (NP-SBJ-2 seven) (VP were (VP hospitalized (NP *-2)))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ (NP Metal racks) (PP-LOC on (NP the plant floor))) (VP fell (ADVP-CLR over))) , and (S (NP-SBJ water mains) (VP ruptured))) , (NP-SBJ a spokeswoman) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ-1 The plant) (VP was (VP-3 evacuated (NP *-1)))) and (S (NP-SBJ=1-2 workers) (VP=3 sent (NP *-2) (ADVP-DIR home))) .)) (TOP (S (S But (NP-SBJ-1 the plant) (VP was (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP resume (NP (NP limited production) (PP of (NP its (NX (NX Toyota Corollas) and (NX Geo Prizms))))) (PP-TMP by (NP (NP 6 a.m.) (NP-TMP yesterday))))))))) , and (S (NP-SBJ absenteeism) (VP was (NP-PRD (NP (QP only 7) %) (PP of (NP the work force)) , (ADJP (QP about twice) normal)))) .)) (TOP (S (NP-SBJ (NP Computer maker Hewlett-Packard Co.) , (VP based (NP *) (PP-LOC-CLR in (NP Palo Alto))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP one) (PP of (NP its buildings))) (VP sustained (NP severe damage) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 it) (VP was (VP knocked (NP *-1) (PP-DIR off (NP its foundation)) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Other buildings) (VP had (NP (NP broken glass) , (NP dangling light fixtures) and (NP broken pipes)))) , (NP-SBJ-2 a spokesperson) (VP says (SBAR 0 (S *T*-1)) , (S-ADV (NP-SBJ *-2) (VP estimating (NP (NP the cost) (PP of (NP reconstruction))) `` (PP-LOC-CLR in (NP the millions))))) . '')) (TOP (S (NP-SBJ-1 Most banks) (VP (VP were (ADJP-PRD closed)) but (VP were (VP expected (S (NP-SBJ *-1) (VP to (VP reopen (NP-TMP today) (SBAR with (S (NP-SBJ-2 few problems) (VP anticipated (NP *-2)))))))))) .)) (TOP (S (PP-LOC At (NP (NP the Federal Reserve Bank) (PP of (NP San Francisco)))) , (NP-SBJ Vice President Robert Fienberg) (VP says (SBAR 0 (S (NP-SBJ operations) (VP were `` (VP steaming (ADVP-CLR along) (PP-MNR as (ADJP usual)) '' (NP-TMP yesterday afternoon)))))) .)) (TOP (S ` (S-TPC-1 (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ the quake) (VP hit (ADVP-TMP *T*-2)))) , (NP-SBJ we) (VP (VP turned (PRT on) (NP our emergency generator)) and (VP brought (NP our computers) (ADVP-CLR up)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ-2 The Fed) (VP serves (PP-CLR as (NP a middleman)) (PP for (NP banks)) , (S-ADV (NP-SBJ *-2) (VP (VP (VP taking (NP checks) (PP-DIR from (NP one bank))) and (VP sending (NP them) (PP-DIR to (NP another)))) , (NP-ADV (NP an operation) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP handled (NP *T*-1) (ADVP-MNR smoothly) (NP-TMP Tuesday night) (PP-TMP after (NP the quake))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP The volume) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP received (NP *T*-1) (PP-DIR from (NP the banks)))))) (VP was (ADJP-PRD (ADJP (NP a lot) lower) (PP than (ADJP usual))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (S-TPC-2 (NP-SBJ-3 (NP A disaster-contingency plan) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ the Los Angeles Fed) (VP would (VP come (PP-CLR to (NP (NP San Francisco 's) aid)) (PP *T*-1)))))) (VP was n't (VP needed (NP *-3)))) , (NP-SBJ he) (VP adds (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP (NP the telephone problems) (PP-LOC in (NP the immediate aftermath))))) (VP stemmed (PP-CLR from (NP congestion))) .)) (TOP (S (NP-SBJ The telephone network) (ADVP simply) (VP could n't (VP handle (NP (NP the large number) (PP of (NP (NP people) (VP seeking (S (NP-SBJ *) (VP to (VP make (NP a call) (PP-TMP at (NP the same time))))))))))) .)) (TOP (S (NP-SBJ The volume) (VP resulted (PP-CLR in (NP (NP dial-tone delays) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP were (ADJP-PRD (ADJP (ADJP as short) (PP as (NP 15 seconds))) and (ADJP (ADJP as long) (PP as (NP five minutes)))))))))) .)) (TOP (S (NP-SBJ Mr. Bandler) (VP puts (NP traffic volume) (PP-PUT at (NP (QP 10 to 50 times) normal))) .)) (TOP (S (NP-SBJ-1 (NP American Telephone & Telegraph Co.) , (NP MCI Communications Inc.) and (NP (NP United Telecommunications ') U S Sprint unit)) (VP were (VP blocking (NP (NP phone calls) (PP into (NP the Bay area))) (S-PRP (NP-SBJ *-1) (VP to (VP alleviate (NP congestion)))))) .)) (TOP (S (NP-SBJ The companies) (VP block (NP traffic) (SBAR-MNR much as (S (NP-SBJ-1 highway on-ramps) (VP are (VP blocked (NP *-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ traffic) (VP backs (PRT up) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ (NP William E. Downing) , (NP (NP (NP Pacific Bell 's) vice president) (PP of (NP customer services)) (PP for (NP the Bay area))) ,) (VP says (SBAR 0 (S (NP-SBJ most long-distance companies) (VP were (VP blocking (NP (NP (QP about 50) %) (PP of (NP all calls)))))))) .)) (TOP (S (NP-SBJ Pacific Telesis) (VP says (SBAR 0 (S (NP-SBJ its Pacific Bell unit) (ADVP also) (VP was (VP blocking (NP (NP (QP about 50) %) (PP of (NP its calls))) (ADVP-LOC locally)))))) .)) (TOP (S (ADVP Ironically) , (NP-SBJ-1 (NP the long-term effect) (PP of (NP the earthquake))) (VP may (VP be (S-PRD (NP-SBJ *-1) (VP to (VP bolster (NP (NP (NP the Bay area 's) economic fortunes) and , (ADVP indeed) , (NP (NP the nation 's) gross national product))))))) .)) (TOP (S (NP-SBJ It) (VP may (ADVP also) (VP lead (PP-DIR to (NP (NP (NP new safeguards) (PP-LOC in (NP major construction projects))) (PP such as (NP double-deck highways)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP would (PP-TMP in (NP the near-term)) (VP give (NP a boost) (PP-DTV to (NP the San Francisco economy)) (SBAR-PRP because (S (NP-SBJ there) (VP will (VP be (NP-PRD (NP an influx) (PP of (NP (NP people) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP help)))))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Beth Burnham Mace) , (NP (NP a regional economist) (PP-LOC at (NP (NP DRI/McGraw Hill) , (NP a (NAC-LOC Lexington , Mass. ,) forecasting firm))))) .)) (TOP (S (NP-SBJ-1 The construction industry) (VP is (ADJP-PRD sure (S (NP-SBJ *-1) (VP to (VP feel (NP increased demand)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP will (VP be (NP-PRD (NP (NP a big influx) (PP of (NP federal dollars))) and (NP (NP gains) (PP-LOC in (NP (UCP state , federal and local) employment))))))) , '' (NP-SBJ Ms. Mace) (VP says (S *T*-1)) .)) (TOP (SINV (VP Adds (S *ICH*-1)) (NP-SBJ (NP Stacy Kotman) , (NP (NP an economist) (PP-LOC at (NP Georgia State University))) ,) `` (S-1 (S (NP-SBJ There) (VP 's (NP-PRD (NP nothing) (ADJP positive) (PP about (NP an earthquake))))) , but (S (NP-SBJ it) (VP will (ADVP probably) (VP generate (NP more construction activity))))) . '')) (TOP (S (NP-SBJ-1 Wall Street) (VP reacted (ADVP-MNR swiftly) (NP-TMP yesterday) (PP-CLR to (NP the disaster)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP bidding (ADVP-DIR up) (NP (NP stocks) (PP of (NP (UCP construction and related) companies))))))) .)) (TOP (S (NP-SBJ (NP Shares) (PP of (NP (NP Lone Star Industries Inc.) , (NP a cement maker) ,))) (VP rose (ADVP-MNR sharply) (PP in (NP (NP anticipation) (PP of (NP stepped-up demand))))) .)) (TOP (S (PP-LOC In (NP (NP Greenwich) , (NP Conn.) ,)) (NP-SBJ Lone Star spokesman Michael London) (VP says , (SBAR 0 `` (S (ADVP Obviously) (PP with (NP (NP an earthquake) (PP of (NP this size)))) , (NP-SBJ-3 there) (VP are (ADJP-PRD likely (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP construction projects) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP would n't (ADVP otherwise) (VP have (VP been (VP anticipated (NP *-2)))))))))))))))) .)) (TOP (S But (NP-SBJ-1 any increase) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP any kind) (PP of (NP a surge)))))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP something) (ADJP likely (S (NP-SBJ-1 *) (VP to (VP be (VP spread (NP *-1) (ADVP-CLR out) (PP-CLR over (NP (NP a long period) (PP of (NP time))))))))))) .)) (TOP (S (NP-SBJ There) (VP will (VP be (NP-PRD (NP a lot) (PP of (NP repair work)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP wo n't (VP require (NP (NP the quantities) (PP of (NP cement or concrete)) (SBAR (WHNP-2 that) (S (NP-SBJ new constructon) (VP would (VP *?* (NP *T*-2))))))))))))) . '')) (TOP (S (NP-SBJ-1 (NP Lone Star 's) San Francisco facilities) (VP were n't (VP damaged (NP *-1) (PP-LOC in (NP the quake)))) .)) (TOP (S (NP-SBJ-1 The earthquake) (VP (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP reduce (NP GNP) (ADVP negligibly) (PP-TMP in (NP the near term))))))) and then (VP could (VP raise (NP it) (NP-EXT a bit) (SBAR-TMP as (S (NP-SBJ rebuilding) (VP begins)))))) .)) (TOP (S (NP-SBJ The first effects) (VP are , (PP of (NP course)) , (ADJP-PRD negative) (SBAR-ADV as (S (S (NP-SBJ-1 work) (VP is (VP disrupted (NP *-1)))) and (S (NP-SBJ people) (VP (VP lose (NP income)) and (VP cut (NP spending))))))) .)) (TOP (S (NP-SBJ Corporate profits) (VP may (ADVP also) (VP dip (ADVP-TMP initially))) .)) (TOP (S (S (NP-SBJ-1 (NP Many) (PP of (NP the lost tourism dollars))) (VP wo n't (VP be (VP recovered (NP *-1))))) ; (S (NP-SBJ (NP many trips) (VP delayed (NP *))) (ADVP-TMP never) (VP take (NP place))) .)) (TOP (S (ADVP-TMP Subsequently) , (ADVP however) , (NP-SBJ-2 the ill effects) (VP are (ADJP-PRD likely (S (NP-SBJ-1 *-2) (VP to (VP be (VP offset (NP *-1) , (PP (ADVP at least) in (NP economic terms)) , (SBAR-TMP as (S (NP-SBJ construction activity) (VP begins))))))))) .)) (TOP (S (PP-PRP Because of (NP (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ the government) (VP keeps (NP its books) (ADVP-MNR *T*-2)))))) , (NP-SBJ-1 (NP the damage) (PP to (NP the Bay Bridge)) , (ADJP however costly) ,) (VP wo n't (VP be (VP counted (NP *-1) (PP-CLR as (NP a minus))))) .)) (TOP (S (NP-SBJ-1 (NP The money) (VP spent (NP *) (PP-CLR on (NP repairs)))) (VP will (VP be (VP counted (NP *-1) (PP-CLR as (NP a plus))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD very difficult) (S-1 (NP-SBJ *) (VP to (VP model (NP (NP the long-term impact) (PP of (NP this)))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Andrew Goldberg) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP studies (NP (NP the (ADJP public-policy and crisis-management) aspects) (PP of (NP earthquakes))) (PP-LOC at (NP (NP the Center) (PP for (NP Strategic International Studies)) (PP-LOC in (NP (NP Washington) , (NP D.C))))))))) .)) (TOP (S `` (NP-SBJ You) (ADVP certainly) (VP can (VP say (SBAR 0 (S (NP-SBJ-1 it) (VP 's (VP going (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD extremely severe)))))))))) .)) (TOP (S (NP-SBJ We) (ADVP really) (VP are (VP talking (PP-CLR about (S-NOM (NP-SBJ *) (VP shutting (PRT down) (NP a major American city) (PP-TMP (PP for (NP (NP a number) (PP of (NP days)))) , (ADVP maybe) (PP for (NP a few weeks)))))))) . '')) (TOP (S (NP-SBJ Mr. Goldberg) (VP says (SBAR 0 (S (NP-SBJ (NP the cost) (PP of (NP the earthquake))) (VP (VP will (ADVP definitely) (VP top (NP (QP $ 1 billion) *U*))) and (VP could (VP reach (NP (QP $ 4 billion) *U*))))))) .)) (TOP (S (S (NP-SBJ He) (VP cautions (SBAR that (S (NP-SBJ early damage estimates) (VP are (ADVP-TMP often) (ADJP-PRD low)))))) ; (S (NP-SBJ (NP the damage totals) (PP-LOC in (NP Hurricane Hugo))) (VP increased (ADVP tenfold) (SBAR-TMP as (S (NP-SBJ-1 more information) (VP was (VP received (NP *-1))))))) .)) (TOP (S (NP-SBJ The earthquake damage) , (PP of (NP course)) , (VP would (VP have (VP been (ADJP-PRD far greater) (SBAR-ADV if (S (NP-SBJ the epicenter) (VP had (VP been (PP-LOC-PRD in (NP downtown San Francisco))))))))) .)) (TOP (S-1 (NP-SBJ (NP A direct hit) (PP-LOC on (NP a major city))) (PRN , (S (NP-SBJ Mr. Goldberg) (VP figures (SBAR 0 (S *T*-1)))) ,) (VP would (VP cause (NP (NP (NP $ 20 billion *U*) to (NP $ 40 billion *U*)) (PP of (NP damage))))) .)) (TOP (S (S (NP-SBJ Experts) (VP caution (SBAR that (S (NP-SBJ it) (VP is (ADVP-PRD far too soon) (PP for (NP (NP reliable estimates) (PP of (NP (NP the quake 's) total damage))))))))) , but (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP 's (ADJP-PRD clear) (SBAR-2 that (S (NP-SBJ-1 insurers) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP pay (PRT out) (NP enormous sums)))))))))) .)) (TOP (S (NP-SBJ (NP Jack Byrne) , (NP (NP the chairman) (PP of (NP (NP (NP Fireman 's) Fund Corp.) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Novato) , (NP Calif.) ,)))))))))) (VP estimates (SBAR 0 (S (NP-SBJ (NP insured losses) (VP resulting (NP the earthquake))) (VP could (VP total (NP (QP $ 2 billion) *U*)))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP The impact) (PP on (NP the insurance industry))) `` (VP will (VP be (ADJP-PRD (ADJP big and harsh) , but (ADJP (ADJP less) (PP than (NP -LCB- Hurricane -RCB- Hugo))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Mr. Byrne) , (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP toured (NP the Bay area) (PP-MNR by (NP car)) (NP-TMP yesterday afternoon) (S-PRP (NP-SBJ *-3) (VP to (VP get (NP (NP a sense) (PP of (NP (NP (NP the company 's) exposure) (PP to (NP the earthquake)))))))))))) .)) (TOP (S (NP-SBJ Mr. Byrne) (VP says (SBAR 0 (S (S (NP-SBJ (NP Fireman 's) Fund) (VP will (ADVP probably) (VP pay (NP (NP (NP hundreds) (PP of (NP millions))) (PP in (NP primary claims)))))) , but , (S (PP-TMP after (NP (NP taxes) and (NP (NP use) (PP of (NP its reinsurance lines))))) , (NP-SBJ (NP (NP the company 's) fourthquarter charge) (PP against (NP earnings))) (VP should n't (VP top (NP (QP $ 50 million) *U*))))))) .)) (TOP (S (NP-SBJ-2 The company) (VP was (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP assess (NP its damage liability) (ADVP-MNR quickly) (SBAR-PRP because (S (NP-SBJ it) (VP has (NP (NP computerized maps) (PP of (NP Northern California)) (VP showing (NP (NP the exact locations) (PP of (NP (NP all the property) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP insures (NP *T*-1))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Fireman 's) Fund) (VP (VP had (NP claims adjusters) (PP-LOC-CLR on (NP (NP the streets) (PP of (NP San Francisco)))) (PP-TMP (ADVP right) after (NP (NP sunrise) (NP-TMP yesterday)))) and (VP was (VP paying (NP (NP as many claims) (SBAR as (S (NP-SBJ it) (VP could (VP *?*))))) (PP-LOC (ADVP right) on (NP the spot))))) .)) (TOP (S (NP-SBJ (NP Fireman 's) Fund) (VP insures (NP (NP (NP 37,300 homes and autos) and (NP 35,000 businesses)) (PP-LOC in (NP the Bay area)))) .)) (TOP (S (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ *-1) (VP paying (PP-CLR for (NP earthquake and fire damage))))))) , (NP-SBJ-1 the insurer) (VP must (VP cover (NP (NP worker-compensation claims) and (ADVP also) (NP (NP losses) (ADJP due (PP to (S-NOM (NP-SBJ-2 businesses) (VP being (VP shut (NP *-2) (ADVP-CLR down) (PP by (NP-LGS (NP lack) (PP of (NP (NP power) or (NP phone service)))))))))))))) .)) (TOP (S But (NP-SBJ many Californians) (VP may not (VP have (NP (NP adequate insurance coverage) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP pay (PP-CLR for (NP (NP damages) (PP to (NP their property)))) (ADVP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP The Independent Insurance Agents) (PP of (NP America))) (VP says (SBAR 0 (S (NP-SBJ (QP fewer than one of every five) California homeowners) (VP has (NP earthquake insurance))))) .)) (TOP (S (S (NP-SBJ (NP A (ADJP somewhat higher) percentage) (PP of (NP (NP people) (VP living (PP-LOC-CLR in (NP the Bay area)))))) (VP have (VP bought (NP the additional insurance protection)))) , but (S (NP-SBJ-1 the great majority) (VP are n't (VP covered (NP *-1)))) .)) (TOP (S (NP-SBJ Earthquake insurance) (ADVP typically) (VP runs (NP (NP (QP $ 200 or more) *U*) (NP-ADV a year)) (PP for (NP a small house))) .)) (TOP (S (SBAR-ADV (WHNP Whatever) (FRAG (NP the long-term economic effect))) , (NP-SBJ (NP the scene) (PP from (NP (NP the helicopter) (PP-LOC above (NP Oakland))))) (VP is (NP-PRD (NP one) (PP of (NP tragedy)))) .)) (TOP (S (NP-SBJ-1 (NP Gargantuan sections) (PP of (NP a double-decker freeway))) (VP have (VP been (VP heaved (NP *-1) (PRT about) (PP-MNR like (NP plastic building blocks))))) .)) (TOP (SINV (PP-LOC-CLR-TPC-1 Atop (NP them)) (VP sit (PP-LOC-CLR *T*-1)) (NP-SBJ (NP cars and trucks) (VP abandoned (NP *) (PP-LOC in (NP (NP a terrifying scramble (S (NP-SBJ *) (VP to (VP safety)))) (NP-TMP the day before))))) .)) (TOP (SINV (PP-LOC-CLR-TPC-4 In (NP (NP areas) (SBAR (WHADVP-3 where) (S (NP-SBJ the freeway) (VP made (NP giant concrete sandwiches) (PP-CLR of (NP itself)) (ADVP-LOC *T*-3)))))) (VP lie (PP-LOC-CLR *T*-4)) (NP-SBJ (NP cars) (SBAR (WHNP-2 that) (S (NP-SBJ police) (VP say (SBAR 0 (S (NP-SBJ-1 *T*-2) (VP have (VP been (VP flattened (NP *-1) (PP-CLR into (NP foot-thick slabs))))))))))) .)) (TOP (S (PP-LOC On (NP the periphery)) , (NP-SBJ-1 rescue workers) (VP seem , (PP from (NP the air)) , (S (NP-SBJ *-1) (VP to (VP move (PP-MNR in (NP slow motion)))))) .)) (TOP (S (NP-SBJ-1 They) (VP peck (ADVP-CLR away) (PP-CLR at (NP (NP the (ADJP 1 1) section) (PP of (NP rubble)))) , (S-ADV (NP-SBJ *-1) (VP searching (PP-CLR for (NP (NP more) (PP of (NP (NP the 250 people) (VP thought (S (NP-SBJ *) (VP to (VP have (VP died (ADVP-LOC-CLR here))))))))))))) .)) (TOP (S (NP-SBJ-1 (QP About 20) other deaths) (VP were (ADVP also) (VP attributed (NP *-1) (PP-CLR to (NP the earthquake)))) .)) (TOP (S (S (NP-SBJ (NP (NP The heart) (PP of (NP the earthquake))) , (NP (NP 6.9) (PP-LOC on (NP the Richter scale))) ,) (VP was (NP-LOC-PRD (NP 50 miles) (PP to (NP the south))) , (PP-LOC near (NP Santa Cruz)) ,)) but (S (NP-SBJ its terrible fist) (VP struck (ADVP-LOC here) (PP-LOC on (NP (NP the Nimitz Freeway) , (NP (NP a major artery) (VP serving (NP (NP the Bay Bridge) (PP between (NP (NP Oakland) and (NP San Francisco)))))))))) .)) (TOP (S (PP-LOC Along (NP the way)) , (NP-SBJ the quake) (VP (VP toppled (NP (NP a mall) (PP-LOC in (NP Santa Cruz)))) , (VP knocked (PRT down) (NP (NP buildings) (PP-LOC in (NP (NP San Francisco 's) fashionable Marina District)))) and (VP sent (S (NP-SBJ (NP a wall) (PP of (NP bricks))) (VP crashing (PP-DIR on (NP (NP motorists) (PP-LOC in (NP (NP the city 's) Financial District)))))))) .)) (TOP (S (S (PP-LOC (NP Just a short span) across (NP the bay)) (PP-LOC to (NP the west)) , (NP-SBJ the quake) (ADVP also) (VP showed (NP its mettle))) : (S (NP-SBJ-1 (NP A four-square-block area) (PP of (NP the Marina District))) (VP lies (S-ADV (NP-SBJ *-1) (VP smoldering)) (PP-LOC under (NP (NP a steady stream) (PP of (NP seawater)) (VP being (VP pumped (NP *) (PP-DIR onto (NP rubble)) (S-PRP (NP-SBJ *) (VP to (VP prevent (NP-2 it) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP blazing (ADVP anew))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Many) (PP of (NP the buildings))) , (NP mostly condominiums and apartments) ,) (VP were (VP flattened (NP *-1) (ADVP-TMP almost instantly) (SBAR-TMP as (S (NP-SBJ-2 (NP the underlying soil) (PRN -- (NP (NP (NP much) (PP of (NP it))) (NP landfill)) --)) (VP was (ADVP literally) (VP turned (NP *-2) (PP-CLR to (NP ooze)) (PP by (NP-LGS (NP the quake 's) intensive shaking)) , (S-ADV (NP-SBJ *) (VP rupturing (NP gas lines))))))))) .)) (TOP (S (NP-SBJ Onlookers) (VP say (SBAR 0 (S (NP-SBJ three persons) (VP died (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP one) (PP of (NP the buildings))) (VP exploded (PP-CLR into (NP a fireball)) (SBAR-TMP (ADVP shortly) after (S (NP-SBJ the quake) (VP struck))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ-1 Efforts (S (NP-SBJ *) (VP to (VP fight (NP the blaze))))) (VP were (VP hampered (NP *-1) (SBAR-PRP because (S (NP-SBJ-2 water mains) (VP were (VP severed (NP *-2) (ADVP as well))))))) .)) (TOP (S (PP From (NP the air)) , (NP-SBJ (NP ribbons) (PP of (NP yellow fire hose))) (VP carry (NP water) (PP-DIR from (NP the bay)) (PP-DIR to (NP (NP high-pressure nozzles) (VP trained (NP *) (PP-LOC-CLR on (NP the site)))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ onlookers) (VP stand (PP-LOC-CLR behind (NP barricades))))) , (NP-SBJ helmeted (NX (NX firemen) and (NX building inspectors))) (VP survey (NP (NP rows) (PP of (NP (NP nearby buildings) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP (VP were (VP twisted (NP *-2) (PP-DIR from (NP their foundations)))) and (VP seem (PP-LOC-PRD on (NP (NP the verge) (PP of (NP collapse)))))))))))) .)) (TOP (S (PP-LOC In (NP the Marina District)) , (NP-SBJ residents) (VP spent (NP-TMP yesterday) (S (NP-SBJ-1 *) (VP (VP assessing (NP damage)) , (VP cleaning (PRT up)) and (VP trying (S (NP-SBJ *-1) (VP to (VP find (NP friends and neighbors)))))))) .)) (TOP (S (NP-SBJ (NP Evelyn Boccone) , (ADJP (NP 85 years) old) ,) (VP has (VP lived (PP-LOC-CLR in (NP the district)) (NP-TMP (NP most) (PP of (NP her life))))) .)) (TOP (S (NP-SBJ Her parents) (VP lost (NP everything) (PP-LOC in (NP the 1906 earthquake))) .)) (TOP (S `` (S-TPC-2 (ADVP-TMP Now) , (NP-SBJ we) (VP realize (SBAR (WHNP-1 what) (S (NP-SBJ our mothers) (VP must (VP have (VP gone (PP-CLR through (NP *T*-1))))))))) , '' (NP-SBJ she) (VP says (S *T*-2)) .)) (TOP (S `` (S (NP-SBJ We) (ADVP always) (VP heard (PP-CLR about (NP the earthquake)))) , but (S (PP as (NP children)) (NP-SBJ we) (VP did n't (ADVP-TMP always) (VP listen))) .)) (TOP (S (NP-SBJ PRINCE HENRI) (VP is (NP-PRD (NP the (NX (NX crown prince) and (NX hereditary grand duke))) (PP of (NP Luxembourg)))) .)) (TOP (S (NP-SBJ (NP An article) (PP-LOC in (NP (NP the World Business Report) (PP-TMP of (NP Sept. 22 editions))))) (VP (ADVP-MNR incorrectly) referred (PP-CLR to (NP (NP his father) , (NP Grand Duke Jean) ,)) (PP-CLR as (NP the crown prince))) .)) (TOP (S (NP-SBJ-1 Resolution Funding Corp.) (VP plans (S (NP-SBJ *-1) (VP to (VP sell (NP (NP (QP $ 4.5 billion) *U*) (PP of (NP 30-year bonds))) (NP-TMP Wednesday) (PP-LOC in (NP (NP (NP the agency 's) first sale) (PP of (NP securities)))))))) .)) (TOP (S (NP-SBJ-1 The new bonds) (VP will (VP (VP be (VP dated (S (NP-SBJ *-1) (NP-PRD Oct. 30)))) and (VP mature (NP-TMP Oct. 15 , 2019)))) .)) (TOP (S (NP-SBJ-1 (NP Tenders) (PP for (NP the bonds)) , (ADJP available (PP in (NP (NP minimum denominations) (PP of (NP $ 1,000 *U*))))) ,) (VP must (VP be (VP received (NP *-1) (PP-TMP by (NP 1 p.m. EDT)) (NP-TMP Wednesday) (PP-LOC at (NP Federal Reserve banks))))) .)) (TOP (S (NP-SBJ (NP Refcorp) , (VP created (NP *) (PP by (NP-LGS (NP the thrift-overhaul law) (VP enacted (NP *) (PP-TMP in (NP August)))))) ,) (VP will (VP use (NP the proceeds) (S-CLR (NP-SBJ *) (VP to (VP (VP merge (NP *RNR*-1)) or (VP sell (PRT off) (NP *RNR*-1)) (NP-1 ailing savings-and-loan institutions)))))) .)) (TOP (S (NP-SBJ Congress) (VP authorized (NP (NP (QP $ 50 billion) *U*) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP be (VP borrowed (NP *-2) (S-PRP *PPA*-3))))))) (S-PRP-3 (NP-SBJ *) (VP to (VP pay (PP-CLR for (NP the thrift bailout)))))) .)) (TOP (S (PP-TPC-2 Of (NP that amount)) , (NP-SBJ-1 (NP (QP $ 20 billion) *U*) (PP *T*-2)) (VP has (ADVP-TMP already) (VP been (VP borrowed (NP *-1) (PP by (NP-LGS the Treasury Department))))) .)) (TOP (S (SBAR-ADV Unless (S (NP-SBJ *) (VP (ADVP otherwise) specified (PP-LOC in (NP a particular offer))))) , (NP-SBJ the bonds) (VP wo n't (VP be (ADJP-PRD subject (PP to (NP redemption))) (ADVP-TMP prior (PP to (NP maturity))))) .)) (TOP (S (NP-SBJ (NP Interest payments) (PP-LOC on (NP the bonds))) (VP will (VP be (ADJP-PRD payable) (ADVP-TMP semiannually))) .)) (TOP (S (NP-SBJ The bonds) (VP are (ADJP-PRD subject (PP to (NP (NP federal taxation) (PP *ICH*-1)))) (PP-LOC in (NP the U.S.)) , (PP-1 including (NP income taxes))) .)) (TOP (S (PP-LOC At (NP the (UCP state and local) level)) , (NP-SBJ the bonds) (VP are (ADJP-PRD (ADJP subject (PP to (NP (NP surtaxes) and (NP estate , inheritance and gift taxes)))) , but (ADJP exempt (PP from (NP (NP taxation) (PP as (PP to (NP principal and interest)))))))) .)) (TOP (S (NP-SBJ (NP G.D. Searle & Co.) , (NP a Monsanto Co. unit) ,) (VP is (VP launching (NP (NP a program) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP give (NP consumers) (NP (NP more information) (PP about (NP its drugs))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ doctors) (VP prescribe (NP them) (ADVP-TMP *T*-1))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-3) (VP Called (S (NP-SBJ *-1) (NP-PRD (NP Patients) (PP in (NP the Know)))))) , (NP-SBJ-3 the program) (VP features (NP (NP-SBJ-2 fact sheets) (VP designed (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD easy (SBAR (WHNP-4 0) (S (NP-SBJ *) (VP to (VP understand (NP *T*-4)))))))))))) .)) (TOP (S (NP-SBJ The sheets) (VP (VP tell (SBAR (WHADVP-1 how) (S (NP-SBJ the medicine) (VP works (ADVP-MNR *T*-1))))) , (VP describe (SBAR (WHADVP-2 how) (S (NP-SBJ *) (VP to (VP use (NP it) (ADVP-MNR *T*-2)))))) and (VP list (NP its possible side effects))) .)) (TOP (S (NP-SBJ-3 They) (VP (VP are (VP designed (S (NP-SBJ-1 *-3) (VP to (VP be (VP given (NP *-1) (PP-CLR to (NP patients)) (PP by (NP-LGS their doctors)) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-2 the medicines) (VP are (VP prescribed (NP *-2) (ADVP-TMP *T*-4))))))))))) and (VP include (NP (NP space) (SBAR (WHADVP-6 0) for (S (NP-SBJ-5 the doctor) (VP to (S (NP-SBJ *-5) (VP write (NP special instructions) (ADVP-LOC *T*-6))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Searle) (VP will (VP give (NP pharmacists) (NP (NP brochures) (PP on (NP (NP the use) (PP of (NP prescription drugs)))) (PP for (NP (NP distribution) (PP-LOC in (NP their stores))))))) .)) (TOP (S (NP-SBJ Consumer groups) (VP have (ADVP-TMP long) (VP advocated (SBAR that (S (NP-SBJ (NP drug companies) and (NP doctors)) (VP make (S (NP-SBJ more information) (ADJP-PRD available (PP to (NP patients))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ We) (VP believe (SBAR that (S (NP-SBJ (NP every drug) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP 's (VP marketed (NP *-3) (PP-CLR to (NP a consumer))))))) (VP should (VP have (NP a consumer label))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Douglas Teich) (PP of (NP (NP the Public Citizen Health Research Group) , (NP a Ralph Nader affiliate)))) .)) (TOP (S (NP-SBJ Dr. Teich) (VP said (SBAR 0 (S (NP-SBJ Searle) (VP is `` (NP-PRD (NP the only company) (SBAR (WHNP-2 0) (S (NP-SBJ I) (VP know (NP *T*-2)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (ADVP-MNR voluntarily) '' will (VP make (S (NP-SBJ consumer information) (ADJP-PRD available))))))))))) .)) (TOP (S (PP According (PP to (NP (NP federal officials) and (NP drug-industry studies)))) , (NP-SBJ (NP nearly half) (PP of (NP (NP the (ADJP 1.6 billion) prescriptions) (VP filled (NP *) (NP-TMP each year))))) (VP are n't (VP used (ADVP-MNR properly) , (S-ADV (NP-SBJ *) (VP meaning (SBAR that (S (S (NP-SBJ-1 money) (VP is (VP wasted (NP *-1) (PP-CLR on (NP some prescriptions))))) and (S (NP-SBJ-2 patients) (VP are (VP deprived (NP *-2) (PP-CLR of (NP (NP the benefits) (PP of (NP medication))))))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD very important) (S-1 (NP-SBJ *) (VP to (VP provide (NP (NP as much information) (PP as (ADJP possible)) (PP on (NP (NP the drugs) (SBAR (WHNP-2 0) (S (NP-SBJ consumers) (VP take (NP *T*-2))))))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ Searle Chairman Sheldon Gilgore) .)) (TOP (S (NP-SBJ Bond prices) (VP rambled (NP-TMP yesterday) (SBAR-TMP as (S (NP-SBJ investors) (VP (VP kept (NP close watch) (PP-CLR on (NP the stock market))) and (VP worried (PP-CLR about (NP (NP a wave) (PP of (NP new supply))))))))) .)) (TOP (S (NP-TMP Early yesterday) , (NP-SBJ bonds) (VP rose (SBAR-TMP as (S (NP-SBJ-1 investors) (VP rushed (S (NP-SBJ *-1) (VP to (VP buy (NP Treasury securities)))) (PP on (NP the prospect (SBAR that (S (NP-SBJ stocks) (VP would (VP plummet (PP-LOC in (NP (NP the aftermath) (PP of (NP the massive California earthquake)))))))))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ some securities analysts) (VP warned (SBAR that (S (NP-SBJ-2 (NP stocks) (PP of (NP (NP certain insurance companies) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP face (NP massive damage claims)))) ,))) (VP would (VP get (VP hit (NP *-2) (ADVP-MNR hard))))))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the Dow Jones Industrial Average) (VP rose (ADVP instead) (ADVP-TMP *T*-1)))) , (NP-SBJ bonds) (VP drifted (ADVP-DIR lower)) .)) (TOP (SINV (S-TPC-1 (SBAR-ADV With (S (NP-SBJ stocks) (NP-PRD not a major focus))) , `` (NP-SBJ we) (VP 're (VP waiting (PP-CLR for (NP the next guiding light))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Brian J. Fabbri) , (NP (NP chief economist) (PP-LOC at (NP Midland Montagu Securities Inc)))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ the stock market tremors) (VP are (PP-LOC-PRD behind (NP us))))) , (ADVP then) (NP-SBJ-3 the bond market) (VP will (VP go (ADVP-DIR back (PP to (S-NOM (NP-SBJ-2 *-3) (VP looking (PP-CLR at (NP (NP the next batch) (PP of (NP economic numbers)))) (S-PRP (NP-SBJ *-2) (VP to (VP determine '' (SBAR (WHADVP-1 where) (S (NP-SBJ interest rates) (VP are (VP heading (ADVP-DIR *T*-1)))))))))))))) .)) (TOP (S (NP-SBJ-2 (NP (NP The Treasury 's) benchmark 30-year bond) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP jumped (NP-EXT (NP 3 point) , or (NP (NP (QP about $ 3.75) *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount))) ,) (PP-TMP during (NP (NP the first hour) (PP of (NP trading))))))) ,) (VP ended (S-ADV (NP-SBJ-3 *-2) (VP (ADVP little) changed (NP *-3)))) .)) (TOP (S (NP-SBJ Interest rates) (VP (ADVP barely) budged (PP-DIR from (NP (NP Tuesday 's) levels))) .)) (TOP (S (NP-SBJ-3 (NP Most junk bonds) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP have (VP been (VP battered (NP *-1) (PP-TMP in (NP recent weeks))))))) ,) (VP (VP continued (NP a slow recuperation)) and (VP ended (S-ADV (NP-SBJ *-3) (ADJP-PRD (ADJP unchanged) to (ADJP slightly higher))))) .)) (TOP (S But (NP-SBJ some so-called high-quality junk issues) (VP fell (SBAR-TMP as (S (NP-SBJ-1 some mutual funds) (VP sold (NP their (ADJP most liquid) issues) (S-PRP (NP-SBJ *-1) (VP to (VP raise (NP cash)))))))) .)) (TOP (S (NP-SBJ (NP (NP RJR Holdings Capital Corp. 's) (ADJP 14.7 %) bonds) (ADJP due (NP-TMP 2009))) (VP fell (NP-EXT one point)) .)) (TOP (S (NP-SBJ Other RJR issues) (VP fell (PP-EXT between (NP (NP 1/2 point) and (NP (QP 1 1/2) point)))) .)) (TOP (S (PP-LOC In (NP (NP the latest sign) (PP of (SBAR (WHADJP-2 how difficult) (S (NP-SBJ (NP it) (S *EXP*-1)) (VP is (ADJP-PRD *T*-2) (S-1 (NP-SBJ *) (VP to (VP place (NP certain junk bonds)))))))))) , (NP-SBJ Continental Airlines) (VP said (SBAR 0 (S (NP-SBJ-3 it) (VP was (VP forced (S (NP-SBJ *-3) (VP to (VP scale (PRT back) (NP (NP the size) (PP of (NP its latest offering))))))))))) .)) (TOP (S (NP-SBJ (NP Continental) , (NP (NP a unit) (PP of (NP Texas Air Corp.))) ,) (VP slashed (NP (NP the size) (PP of (NP its note offering))) (PP-DIR from (NP (QP $ 150 million) *U*)) (PP-DIR to (NP (QP $ 71 million) *U*))) .)) (TOP (S (NP-SBJ The move) (VP had (VP been (ADJP-PRD widely expected))) .)) (TOP (S (PP-LOC In (NP the multipart offering)) , (NP-SBJ the company) (VP (VP sold (NP (NP a portion) (PP of (NP secured notes)))) but (VP shelved (NP all the unsecured notes))) .)) (TOP (S (NP-SBJ A Continental spokeswoman) (VP said (SBAR 0 (S (NP-SBJ-1 the notes) (VP may (VP be (VP offered (NP *-1) (PP-TMP at (NP a later date)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This) (VP was not (NP-PRD a do-or-die deal))) , '' (NP-SBJ she) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ this) (VP is (NP-PRD (NP a market) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP required (NP (NP some level) (PP of (NP security))))))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP did not (VP make (NP sense) (S-1 (NP-SBJ *) (VP to (VP offer (NP unsecured paper) (PP-LOC in (NP an unsettling market))))))) . '')) (TOP (S (NP-SBJ Investors) (VP have (VP been (VP speculating (PP-TMP for (NP weeks)) (PP-CLR about (NP (NP the market 's) ability (S (NP-SBJ *) (VP to (VP place (NP (NP the (QP $ 7 billion to $ 10 billion) *U*) (PP of (NP (NP new junk bonds) (VP scheduled (NP-2 *) (S-CLR (NP-SBJ-1 *-2) (VP to (VP be (VP sold (NP *-1) (PP-TMP by (NP year end)))))))))))))))))) .)) (TOP (S (NP-SBJ Supply troubles) (VP were (ADVP also) (PP-LOC-PRD on (NP (NP the minds) (PP of (NP (NP Treasury investors) (SBAR *ICH*-2))))) (NP-TMP yesterday) , (SBAR-2 (WHNP-1 who) (S (NP-SBJ *T*-1) (VP worried (PP-CLR about (NP (NP the flood) (PP of (NP new government securities)) (VP coming (NP-TMP next week)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 We) (VP 're (VP being (VP bombarded (NP *-1) (PP by (NP-LGS new Treasury and agency debt offerings)))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP William Sullivan Jr.) , (NP (NP director) (PP of (NP money-market research)) (PP-LOC at (NP Dean Witter Reynolds Inc)))) .)) (TOP (S `` (NP-SBJ The market) (VP is (ADJP-PRD concerned (PP about (NP its ability (S (NP-SBJ *) (VP to (VP underwrite (NP all this debt) (PP-LOC at (NP current levels))))))))) . '')) (TOP (S (PP In (NP (NP addition) (PP to (NP (NP the (QP $ 15.6 billion) *U*) (PP of (NP Treasury bills)) (SBAR (WHNP-2 0) (S (NP-SBJ-3 *T*-2) (VP to (VP be (VP sold (NP *-3) (PP-LOC at (NP (NP next week 's) regular Monday auction))))))))))) , (NP-SBJ the government) (VP will (VP sell (NP (NP (QP $ 10 billion) *U*) (PP of (NP new two-year Treasury notes))))) .)) (TOP (S And (NP-SBJ Resolution Funding Corp.) (VP said (NP-TMP late yesterday) (SBAR that (S (NP-SBJ it) (VP will (VP sell (NP (NP (QP $ 4.5 billion) *U*) (PP of (NP 30-year bonds))) (NP-TMP Wednesday)))))) .)) (TOP (S (NP-SBJ Refcorp) (VP is (NP-PRD (NP the financing unit) (PP of (NP (NP Resolution Trust Corp.) , (NP (NP a new government agency) (VP created (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP rescue (NP (NP the nation 's) troubled thrifts)))))))))) .)) (TOP (S (NP-SBJ-1 Its securities) (VP have (VP been (VP dubbed (S (NP-SBJ *-1) `` (NP-PRD bailout bonds) '') (PP by (NP-LGS traders))))) .)) (TOP (S (PP-LOC In (NP when-issued trading)) , (NP-SBJ the two-year Treasurys) (VP had (NP (NP a yield) (PP of (NP (QP about 7.88) %)))) .)) (TOP (S (PP-LOC In (NP the municipal market)) , (NP-SBJ all eyes) (VP were (PP-LOC-PRD on (NP California debt)) (SBAR-TMP as (S (NP-SBJ-1 investors) (VP tried (S (NP-SBJ *-1) (VP to (VP gauge (NP (NP the financial ramifications) (PP of (NP (NP Tuesday 's) earthquake)))))))))) .)) (TOP (S But (NP-SBJ traders) (VP said (SBAR 0 (S (NP-SBJ the quake) (VP had (NP (NP only a minor impact) (PP on (NP (NP the trading) (PP of (NP California (UCP state and local) municipal debt))))))))) .)) (TOP (SINV `` (S (NP-SBJ There) (VP are (NP-PRD (NP certain bonds) (SBAR (WHNP-1 0) (S (NP-SBJ traders) (VP refer (PP to (NP *T*-1)) (PP-CLR as (NP ` earthquake ' bonds)) (SBAR-PRP because (S (NP-SBJ the -LRB- issuers -RRB-) (VP are (PP-LOC-PRD on (NP (NP top) (PP of (NP the San Andreas fault))))))))))))) , '' (VP said) (NP-SBJ (NP Zane Mann) , (NP (NP editor) (PP of (NP (NP the California Municipal Bond Advisor) , (NP (NP a newsletter) (PP for (NP investors))))))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ those bonds) (ADVP-TMP already) (VP pay (NP (NP a (ADJP slightly higher) yield) , (NP (NP an extra premium) (PP for (NP the earthquake risk))) ,)))) (NP-SBJ-1 they) (VP were n't (VP (ADVP-MNR materially) affected (NP *-1))) .)) (TOP (S But (NP-SBJ some bond market analysts) (VP said (SBAR 0 (S (NP-SBJ that) (VP could (VP (ADVP-MNR quickly) change (SBAR-ADV if (S (NP-SBJ-1 property casualty insurance companies) (VP scramble (S (NP-SBJ *-1) (VP to (VP sell (NP (NP portions) (PP of (NP their municipal portfolios))) (S-PRP (NP-SBJ *) (VP to (VP raise (NP (NP cash) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP pay (NP damage claims) (ADVP *T*-2)))))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Insurance companies) (VP will (VP foot (NP (NP a substantial amount) (PP of (NP the bill (S (NP-SBJ *) (VP to (VP reconstruct (NP San Francisco)))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Charles Lieberman) , (NP (NP chief economist) (PP-LOC at (NP Manufacturers Hanover Securities Corp)))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP expects (S (NP-SBJ (NP the performance) (PP of (NP municipals))) (VP to (VP lag (NP Treasurys) (SBAR-TMP as (S (NP-SBJ-1 California) (VP is (VP forced (S (NP-SBJ *-1) (VP to (VP issue (NP new debt))) (PP-TMP over (NP time)) (S-PRP (NP-SBJ *-1) (VP to (VP repair (NP public facilities))))))))))))) .)) (TOP (S (NP-SBJ (NP A report) (VP issued (NP *) (NP-TMP late yesterday) (PP by (NP-LGS (NP Standard & Poor 's) Corp.)))) (VP concluded (SBAR 0 (S (NP-SBJ the quake) (VP wo n't (VP cause `` (NP wide-scale credit deterioration) '' (PP for (NP (NP issuers) and (NP debt issues))) (PP-LOC in (NP (NP the 12-county area) (PP of (NP Northern California)) (VP affected (NP *) (PP by (NP-LGS the quake)))))))))) .)) (TOP (NP-HLN Treasury Securities)) (TOP (S (NP-SBJ-1 Treasury bonds) (VP ended (S-ADV (NP-SBJ *-1) (ADJP-PRD narrowly mixed)) (PP-LOC in (NP quiet trading))) .)) (TOP (S (NP-SBJ The benchmark 30-year bond) (VP ended (PP-CLR at (NP (NP a price) (PP of (NP (QP 100 29))) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP yield (NP 8.03 %) (ADVP *T*-1))))))) , (PP compared (PP with (NP (NP (QP 100 28)) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP yield (NP 8.04 %) (ADVP *T*-3))))) (NP-TMP Tuesday))))) .)) (TOP (S (NP-SBJ-1 The latest 10-year notes) (VP were (VP quoted (NP *-1) (ADVP-TMP late) (PP-CLR at (NP (NP a price) (PP of (NP (QP 99 26))) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP yield (NP 8 %) (ADVP *T*-2))))))) , (PP compared (PP with (NP (NP (QP 99 25)) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP yield (NP 8.01 %) (ADVP *T*-3)))))))))) .)) (TOP (S (NP-SBJ-1 Short-term rates) (VP were (VP (ADVP little) changed (NP *-1))) .)) (TOP (NP-HLN Corporate Issues)) (TOP (S (NP-SBJ-1 Investment-grade corporate bonds) (VP ended (S-ADV (NP-SBJ *-1) (ADJP-PRD (NP 1 point) lower))) .)) (TOP (S (NP-SBJ (NP The Continental junk bond offering) , (VP underwritten (NP *) (PP by (NP-LGS Drexel Burnham Lambert Inc.))) ,) (VP was (NP-PRD (NP the only new issue) (VP priced (NP *) (NP-TMP yesterday)))) .)) (TOP (S (PP-LOC In (NP the four-part offering)) , (NP-SBJ-1 (NP the (QP $ 71 million) *U*) (PP of (NP secured equipment certificates))) (VP was (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP (NP 13.75 %) to (NP 15.75 %))))))) .)) (TOP (NP-HLN Municipals)) (TOP (S (NP-SBJ-1 Municipal bonds) (VP ended (S-ADV (NP-SBJ *-1) (ADJP-PRD (NP (QP about 1 to 3) point) lower)) , (S-ADV (NP-SBJ-2 *-1) (VP hurt (NP *-2) (PP by (NP-LGS (NP the circulation) (PP of (NP (NP two `` bid-wanted '' lists) (VP totaling (NP (QP $ 655 million) *U*))))))))) .)) (TOP (S (NP-SBJ Chemical Securities Inc.) (VP is (VP acting (PP-CLR as (NP agent)) (PP for (NP the seller)))) .)) (TOP (S (ADVP-TMP Meanwhile) , (S (NP-SBJ some California issues) (VP were (ADVP-PRD down (ADJP (ADJP (NP a touch) more) (PP than (NP the broad market)))))) , but (S (NP-SBJ traders) (VP said (SBAR 0 (S (NP-SBJ there) (VP had n't (VP been (NP-PRD much investor selling) (PP-PRP because of (NP the quake)))))))) .)) (TOP (S But (NP-SBJ New York City general obligation bonds) (VP came (PP-CLR under (NP selling pressure))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ-1 (NP a steady stream) (PP of (NP bonds))) (VP was (VP put (NP *-1) (ADVP-CLR up) (PP-CLR for (NP sale)) (NP-TMP yesterday) , (S-ADV (NP-SBJ *) (VP pushing (NP (NP yields) (PP for (NP longer maturities))) (ADVP-DIR up (NP 0.05 percentage point))))))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ investors) (VP (VP were (VP reacting (PP-CLR to (NP (NP recent negative news) (PP on (NP (NP the city 's) finances)))))) and (VP are (ADJP-PRD nervous) (PP-TMP ahead (PP of (NP the Nov. 7 election)))))))) .)) (TOP (S (NP-SBJ (NP Washington) , (NP D.C.) ,) (VP topped (NP the competitive slate) (NP-TMP yesterday) (PP with (NP (NP a sale) (PP of (NP (NP (QP $ 200 million) *U*) (PP of (NP general obligation tax revenue anticipation notes))))))) .)) (TOP (S (PP-LOC In (NP late trading)) , (NP-SBJ (NP (NP New Jersey Turnpike Authority 's) (ADJP 7.20 %) issue) (PP of (NP 2018))) (VP was (ADVP-PRD off (NP 1 point)) (PP at (NP (NP 98) (VP bid (NP *))))) .)) (TOP (S (NP-SBJ The yield) (VP was (NP-PRD 7.35 %) , (ADVP up (NP 0.01 percentage point))) .)) (TOP (NP-HLN Mortgage-Backed Securities)) (TOP (S (NP-SBJ-1 Mortgage securities) (VP ended (S-ADV (NP-SBJ *-1) (ADJP-PRD little changed)) (PP-TMP after (NP light dealings))) .)) (TOP (S (NP-SBJ There) (VP was (NP-PRD (NP no appreciable market impact) (PP from (NP the California earthquake)))) .)) (TOP (S (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ there) (VP was (NP-PRD some concern (SBAR that (S (NP-SBJ-1 insurance companies) (VP might (VP be (VP forced (S (NP-SBJ-3 *-1) (VP to (VP sell (NP mortgage securities) (S-PRP (NP-SBJ-4 *-3) (VP to (VP help (S (NP-SBJ *-4) (VP pay (NP earthquake-related claims)))))))))))))))))))) , but (S (NP-SBJ no selling) (VP materialized)) .)) (TOP (S (NP-SBJ (NP The (NX (NX Federal Home Loan Mortgage Corp.) and (NX Federal National Mortgage Association))) , (NP (NP two dominant issuers) (PP of (NP mortgage securities))) ,) (VP have (NP (NP a sizable amount) (PP of (NP California home loans))) (PP-LOC-CLR in (NP their mortgagebacked pools))) .)) (TOP (S But (NP-SBJ-1 their potential quake exposure) (VP is (VP seen (NP *-1) (PP-CLR as (ADJP small)) (PP given (SBAR that (S (NP-SBJ they) (VP require (NP a financial cushion) (PP on (NP (NP all the loans) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP purchase (NP *T*-2)))))))))))) .)) (TOP (S And (SBAR-PRP because (S (NP-SBJ Northern California home prices) (VP are (ADJP-PRD so high)))) , (NP-SBJ (NP loans) (PP from (NP the region))) (ADVP-TMP often) (VP are (ADJP-PRD too large (SBAR (WHNP-2 0) (S (NP-SBJ-3 *T*-2) (VP to (VP be (VP included (NP *-3) (PP-LOC-CLR in (NP Freddie Mac and Fannie Mae pools))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 (NP Government National Mortgage Association (ADJP 9 %) securities) (PP for (NP November delivery))) (VP ended (PP-CLR at (NP (QP 97 29))) , (S-ADV (NP-SBJ *-1) (ADJP-PRD unchanged))) .)) (TOP (S (NP-SBJ Freddie Mac (ADJP 9 %) securities) (VP were (PP-LOC-PRD at (NP (QP 97 4))) , (ADVP down (NP 1))) .)) (TOP (S (PP-LOC In (NP derivative markets)) , (NP-SBJ Fannie Mae) (VP issued (NP (NP two (ADJP (QP $ 400 million) *U*) real estate mortgage investment conduits) (VP backed (NP *) (PP by (NP-LGS its (ADJP 9 %) securities))))) .)) (TOP (NP-HLN Foreign Bonds)) (TOP (S (NP-SBJ-1 (NP British government bonds) , or (NP gilts) ,) (VP ended (S-ADV (NP-SBJ *-1) (ADJP-PRD moderately lower)) (SBAR-TMP as (S (NP-SBJ (NP equities) (ADVP-LOC there)) (VP recovered (PP-CLR from (NP (NP Tuesday 's) drop)))))) .)) (TOP (S (NP-SBJ-1 (NP (NP The Treasury 's) (ADJP (QP 11 3) %) bond) (ADJP due (NP-TMP 2003))) (VP fell (NP-EXT 11) (PP-DIR to (NP (QP 111 31))) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 10.08 %)))) , (SBAR-ADV while (S (NP-SBJ-2 (NP the (ADJP 12 %) notes) (ADJP due (NP-TMP 1995))) (VP were (ADVP-PRD down (NP 7) (PP-DIR to (NP (QP 103 22)))) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 11.04 %)))))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ today) (VP may (VP be (NP-PRD an anxious day) (PP for (NP the market))))))) .)) (TOP (S (S (NP-SBJ Several key economic figures) (VP are (ADJP-PRD due (ADVP out)))) and (S (NP-SBJ-1 (NAC Chancellor (PP of (NP the Exchequer))) Nigel Lawson) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP give (NP the annual `` Mansion House '' address) (PP-CLR to (NP the financial community)))))))) .)) (TOP (S (NP-SBJ-1 The chancellor) (ADVP-TMP sometimes) (VP has (VP used (NP the occasion) (S-CLR (NP-SBJ *-1) (VP to (VP announce (NP major economic policy changes)))))) .)) (TOP (S (NP-SBJ Economists) (VP do n't (VP expect (NP (NP any such changes) (PP-LOC in (NP-LOC (NP (NP this year 's) address)))) , (PP given (NP (NP (NP Mr. Lawson 's) apparent reluctance (S (NP-SBJ *) (VP to (VP adjust (NP policy))))) (ADVP-TMP currently))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 Japanese government bonds) (VP retreated (PP-LOC in (NP quiet trading)) , (S-ADV (NP-SBJ-2 *-1) (VP stymied (NP *-2) (PP by (NP-LGS (NP the dollar 's) resiliency))))) .)) (TOP (S (NP-SBJ (NP (NP Japan 's) bellwether (ADJP 4.6 %) bond) (ADJP due (NP-TMP 1998))) (VP ended (PP-LOC on (NP (NP brokers ') screens)) (PP-CLR at (NP (NP 95.75) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP yield (NP 5.315 %) (ADVP *T*-1)))))))) .)) (TOP (S (PP-LOC In (NP West Germany)) , (NP-SBJ investors) (VP stayed (PP-LOC-PRD on (NP the sidelines)) (SBAR-TMP as (S (NP-SBJ the bond market) (VP searched (PP-CLR for (NP direction)))))) .)) (TOP (S (NP-SBJ-1 (NP (NP The government 's) (ADJP 7 %) issue) (ADJP due (NP-TMP October 1999))) (VP fell (NP-EXT 0.05 point) (PP-DIR to (NP 99.90)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 7.01 %))))) .)) (TOP (S (NP-SBJ The Berlin Wall) (ADVP-TMP still) (VP stands) .)) (TOP (S But (NP-SBJ (NP the man) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP built (NP it))))) (VP has (VP fallen)) .)) (TOP (S (NP-SBJ East Germany) (NP-TMP yesterday) (VP removed (NP (NP Erich Honecker) , (NP (NP one) (PP of (NP (NP the staunchest holdouts) (PP against (NP (NP the reform) (VP rumbling (PP-DIR through (NP the Communist world)))))))) ,) (PP in (NP an effort (S (NP-SBJ *) (VP to (VP win (ADVP-CLR back) (NP (NP the confidence) (PP of (NP its (ADJP increasingly rebellious) citizens))))))))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ it) (VP was (NP-PRD (NP a move) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stunned (NP the East bloc)))))))) , (NP-SBJ it) (ADVP hardly) (VP ushers (ADVP-CLR in) (NP (NP an era) (PP of (NP reform))) -- (ADVP-TMP at least anytime soon)) .)) (TOP (S For (NP-SBJ the Politburo) (VP replaced (NP (NP Mr. Honecker) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP (VP led (NP East Germany) (PP-TMP for (NP 18 years))) and (VP (PP-TMP before (NP that)) headed (NP its security apparatus)))))) ,) (PP-CLR with (NP (NP (NP a man) (VP cut (NP *) (PP-CLR of (NP the same cloth)))) : (NP (NP Egon Krenz) , (NP (NP the (ADJP most recent) internal-security chief) and (NP a longtime Honecker protege)))))) .)) (TOP (S-1 (NP-SBJ East Germany) (PRN , (S (NP-SBJ it) (VP is (ADJP-PRD clear (SBAR 0 (S *T*-1))))) ,) (VP is (NP-PRD (NP no Poland) , (SBAR (WHADVP-2 where) (S (NP-SBJ the Communist Party) (ADVP-TMP now) (VP shares (NP power) (PP-CLR with (NP the (ADJP democratically elected) Solidarity union)) (ADVP-LOC *T*-2)))))) .)) (TOP (SINV Nor is (NP-SBJ it) (NP-PRD (NP a Hungary) , (SBAR (WHADVP-2 where) (S (NP-TMP yesterday) (NP-SBJ the parliament) (VP approved (NP (NP constitutional changes) (VP meant (S (NP-SBJ-1 *) (VP to (VP help (S (NP-SBJ *-1) (VP turn (NP the Communist nation) (PP-CLR into (NP a multiparty democracy))))))))) (ADVP-LOC *T*-2))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP any change) (PP-LOC in (NP East Germany))) (VP has (NP enormous implications) , (PP for (NP both East and West))) .)) (TOP (S (NP-SBJ It) (VP raises (NP (NP the long-cherished hopes) (PP of (NP many Germans)) (PP for (NP (NP reunification) -- (NP (NP a prospect) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (ADVP almost equally) alarms (NP (NP political leaders) (PP-LOC in (NP (NP Moscow) , (NP Washington) and (NP Western Europe)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Krenz) , (NP 52) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD the new party chief)) (SBAR-TMP (NP just minutes) after (S (NP-SBJ (NP the Party 's) 163-member Central Committee) (VP convened (PP-LOC in (NP East Berlin))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the (ADJP East German) news agency ADN) (VP claimed (SBAR 0 (S (NP-SBJ-2 Mr. Honecker) (VP had (VP asked (S (NP-SBJ-1 *-2) (VP to (VP be (VP relieved (NP *-1) (PP-CLR of (NP his duties)) (PP-PRP for `` (NP health reasons))))))))))))) , '' (NP-SBJ (ADJP West German) government sources) (VP said (SBAR 0 (S (NP-SBJ the 26-man Politburo) (VP had (VP asked (PP-CLR for (NP his resignation)) (PP-LOC at (NP (NP a separate meeting) (NP-TMP late Tuesday)))))))) .)) (TOP (S -LRB- (S (NP-SBJ-1 Mr. Honecker) (VP was (VP (ADVP-TMP twice) hospitalized (NP *-1) (NP-TMP this summer) (PP-PRP for (NP a gall bladder ailment))))) and (S (NP-SBJ his physical condition) (VP has (VP been (NP-PRD (NP the subject) (PP of (NP (NP intense speculation) (PP-LOC in (NP the Western media)))))))) . -RRB-)) (TOP (S (NP-SBJ ADN) (VP said (SBAR 0 (S (NP-SBJ-1 (NP Mr. Honecker) , (NP (NP a hard-line Stalinist) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (PP-TMP in (NP 1961)) (VP supervised (NP (NP the construction) (PP of (NP the Berlin Wall))))))) ,) (ADVP also) (VP was (VP relieved (NP *-1) (PP-CLR of (NP (NP (NP his title) (PP as (NP (NP head) (PP of (NP state))))) and (NP (NP his position) (PP as (NP (NP chief) (PP of (NP the military)))))))))))) .)) (TOP (S (NP-SBJ-2 Mr. Krenz) (VP is (VP expected (S (NP-SBJ-1 *-2) (VP to (VP be (VP (ADVP-MNR formally) named (NP *-1) (PP-CLR to (NP all three positions)) (SBAR-TMP once (S (NP-SBJ (NP the nation 's) parliament) (VP convenes (NP-TMP later this week)))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Honecker 's) ignoble fall) (VP culminates (NP (NP nearly two decades) (PP of (NP iron-handed leadership)) (SBAR (WHPP-1 during (WHNP which)) (S (NP-SBJ (NP Mr. Honecker) , (ADJP now (NP 77 years) old) ,) (VP built (NP East Germany) (PP-CLR into (NP (NP the (ADJP most economically advanced) nation) (PP-LOC in (NP the Soviet bloc)))) (PP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP His grip) (PP on (NP power))) (VP unraveled (NP-TMP this summer) (SBAR-TMP as (S (NP-SBJ (NP (NP thousands) (PP of (NP his countrymen))) , (VP dissatisfied (NP *) (PP by (NP-LGS (NP the harshness) (PP of (NP his rule))))) ,) (VP fled (PP-DIR to (NP the West)))))) .)) (TOP (S (NP-SBJ Thousands more) (VP have (VP taken (PP-DIR to (NP the streets)) (PP-TMP in (NP the last month)) (PP-LOC in (NP (NP (NP East Germany 's) largest wave) (PP of (NP domestic unrest)) (PP-TMP since (NP (NP (NP a workers ') uprising) (PP-TMP in (NP 1953)))))))) .)) (TOP (S (PP-LOC In (NP Washington)) , (NP-SBJ the Bush administration) (VP took (NP (NP a (ADJP characteristically cautious and skeptical) view) (PP of (NP the leadership change)))) .)) (TOP (S (NP-SBJ The official line) (VP was (S-PRD (NP-SBJ *) (VP to (VP offer (NP warmer ties) (PP-DTV to (NP Mr. Krenz)) , (PP provided (SBAR 0 (S (NP-SBJ-1 he) (VP is (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP institute (NP reforms))))))))))))) .)) (TOP (S But (NP-SBJ U.S. officials) (VP have (NP strong doubts (SBAR that (S (NP-SBJ he) (VP is (NP-PRD a reformer)))))) .)) (TOP (S (NP-SBJ President Bush) (VP told (NP reporters) : `` (S (SBAR-ADV Whether (S (NP-SBJ (NP that) (PRN -LCB- (NP the leadership change) -RCB-)) (VP reflects (NP (NP a change) (PP-LOC in (NP East-West relations)))))) , (NP-SBJ I) (VP do n't (VP think (ADVP-PRD so))))) .)) (TOP (SBAR-PRP Because (S (NP-SBJ Mr. Krenz) (VP has (VP been (PP-PRD (ADVP very much) in (NP (NP accord) (PP with (NP (NP the policies) (PP of (NP Honecker))))))))) . '')) (TOP (S (NP-SBJ (NP One top U.S. expert) (PP on (NP East Germany))) (VP added : `` (S (NP-SBJ There) (VP is (NP-PRD (NP no clear-cut champion) (PP of (NP reform)) , (SBAR (WHNP-1 that) (S (NP-SBJ we) (VP know (PP-CLR of (NP *T*-1))))) , (PP-LOC in (NP the (ADJP East German) leadership)))))) . '')) (TOP (S (ADVP Indeed) , (NP-SBJ Mr. Krenz) (VP said (PP-LOC on (NP (ADJP East German) television)) (NP-TMP last night) (SBAR that (S (NP-SBJ there) (VP will (VP be (NP-PRD (NP no sharing) (PP of (NP power)) (PP with (NP pro-democracy groups)))))))) .)) (TOP (S (NP-SBJ He) (VP said , (SBAR 0 (S (SBAR-ADV while (S (NP-SBJ dialogue) (VP is (ADJP-PRD important)))) , (NP-SBJ (NP enough forums) (SBAR *ICH*-1)) (ADVP-TMP already) (VP exist `` (SBAR-1 (WHPP-2 in (WHNP which)) (S (NP-SBJ different interests) '' (VP can (VP express (NP themselves) (PP-LOC *T*-2))))))))) .)) (TOP (S (NP-SBJ (NP The removal) (PP of (NP Mr. Honecker))) (VP was (ADVP apparently) (NP-PRD (NP the result) (PP of (NP (NP bitter infighting) (PP-LOC within (NP (NP the top ranks) (PP of (NP the Communist party)))))))) .)) (TOP (S (PP According (PP to (NP (ADJP West German) government sources))) , (NP-SBJ-1 (NP Mr. Honecker) and (NP several senior Politburo members)) (VP fought (PP-TMP over (NP the last week)) (S-PRP (NP-SBJ *-1) (VP to (VP delay (NP (NP any decisions) (PP about (NP a leadership change))))))) .)) (TOP (S (S-TPC-1 But , (PP with (S-NOM (NP-SBJ (NP public demonstrations) (PP-LOC in (NP the country))) (VP growing (PP in (NP size and intensity))))) , (NP-SBJ (NP Mr. Honecker) and (NP several key allies)) (VP lost (ADVP-CLR out) (PP-LOC in (NP this battle)))) , (NP-SBJ officials) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Those allies) (VP included (NP Politburo members (NX (NX (NX Guenter Mittag) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (ADVP-TMP long) (VP headed (NP economic affairs))))) ,) and (NX (NX Joachim Hermann) , (NP (NP chief) (PP of (NP information policy))))))) .)) (TOP (S (NP-SBJ-1 Both men) (VP were (ADVP also) (VP relieved (NP *-1) (PP-CLR of (NP their duties)) (NP-TMP yesterday))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ other resignations) (VP may (VP follow)))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADVP still) not (ADJP-PRD clear) (SBAR-1 (WHPP-2 to (WHNP what extent)) (S (NP-SBJ (NP the change) (PP in (NP party personnel))) (VP will (VP alter (NP (NP (NP the government 's) resistance) (PP to (NP fundamental change))) (PP-EXT *T*-2)))))) .)) (TOP (S (ADVP Clearly) , (NP-SBJ (NP the central figure) (PP-LOC in (NP this process))) (VP is (NP-PRD Egon Krenz)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Born (PP-TMP in (NP 1937)) (PP-LOC in (NP (NP a Baltic Sea town) (ADVP-TMP now) (NP (NP part) (PP of (NP Poland))))))) , (NP-SBJ-1 he) (VP was (ADJP-PRD (NP eight years) old) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ World War II) (VP ended (ADVP-TMP *T*-2))))) .)) (TOP (S (PP Like (NP (ADJP West German) Chancellor Helmut Kohl)) , (NP-SBJ he) (VP represents (NP (NP the postwar generation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP grown (ADVP-CLR up) (PP-TMP during (NP (NP Germany 's) division)))))))) .)) (TOP (S (PP-TMP Since (S-NOM (NP-SBJ *-1) (VP joining (NP the Politburo) (PP-TMP in (NP 1983)) (PP as (NP its youngest member))))) , (NP-SBJ-1 Mr. Krenz) (VP had (VP acquired (NP (NP (NP the nickname) `` (NP crown prince)) , '' (NP (NP a reference) (PP to (NP the (ADJP widely held) view (SBAR that (S (NP-SBJ he) (VP was (NP-PRD (NP the hand-picked successor) (PP to (NP Mr. Honecker)))))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ the two men) (VP have (VP had (NP (ADJP strikingly similar) career paths)) , (S-ADV (NP-SBJ both) (VP having (VP served (PP-CLR as (NP (NP chief) (PP of (NP internal security)))) (PP-TMP before (NP (NP their rise) (PP to (NP the top party position)))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ both men) (VP have (VP hewn (PP-CLR to (NP a similar hard-line philosophy)))) .)) (TOP (S (ADVP Notably) , (NP-SBJ (NP one) (PP of (NP (NP (NP Mr. Krenz 's) few official visits) (ADVP-LOC overseas)))) (VP came (ADVP-TMP (NP a few months) ago) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP visited (NP China) (PP-TMP after (NP (NP the massacre) (PP-LOC in (NP Beijing)))) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ He) (ADVP-TMP later) (VP defended (NP (NP the Chinese government 's) response) (PP-TMP during (NP (NP a separate visit) (PP to (NP West Germany))))) .)) (TOP (S (NP-SBJ (NP (ADJP East German) Protestantism) (PP in (ADJP particular))) (VP fears (NP Mr. Krenz) , (PP (PP in (NP part)) because of (NP (NP an incident) (PP-TMP in (NP (NP January 1988) (SBAR (WHADVP-3 when) (S (NP-SBJ-2 he) (VP was (VP believed (S (NP-SBJ *-2) (VP to (VP have (VP ordered (NP (NP the arrest) (PP of (NP (NP hundreds) (PP of (NP dissidents)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP sought (NP refuge) (PP-LOC-CLR in (NP the Church))))))))) (ADVP-TMP *T*-3)))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ-1 Mr. Krenz) (ADVP also) (VP has (NP (NP a reputation) (PP for (S-NOM (NP-SBJ *-1) (VP being (ADJP-PRD politically savvy)))))) .)) (TOP (S (NP-SBJ-1 His shrewd ability (S (NP-SBJ *) (VP to (VP read (NP (NP the shifting popular mood) (PP-LOC in (NP East Germany))))))) (VP is (VP best illustrated (NP *-1) (PP by (NP-LGS (NP his apparent break) (PP with (NP (NP his old mentor) , (NP Mr. Honecker))))))) .)) (TOP (S (ADVP Indeed) , (PP according (PP to (NP (ADJP West German) government sources))) , (NP-SBJ he) (VP was (NP-PRD (NP one) (PP of (NP (NP the leaders) (PP-LOC in (NP (NP the power struggle) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP toppled (NP Mr. Honecker)))))))))) .)) (TOP (S (PP-TMP In (NP recent days)) , (NP-SBJ-1 Mr. Krenz) (VP has (VP sought (S (NP-SBJ *-1) (VP to (VP project (NP a kinder image)))))) .)) (TOP (S-CLF (PP According (PP to (NP (NP a report) (VP (ADVP widely) circulating (PP-LOC in (NP East Berlin)))))) , (NP-SBJ it) (VP was (NP-PRD Mr. Krenz) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP ordered (NP-4 police) (S (NP-SBJ-2 *-4) (VP to (VP stop (S (NP-SBJ *-2) (VP using (NP excessive force) (PP-CLR against (NP (NP demonstrators) (PP-LOC in (NP Leipzig))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 He) (VP does n't (VP want (S (NP-SBJ *-1) (VP to (VP have (NP (NP the image) (PP of (NP the gun man))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Fred Oldenburg) , (NP (NP an expert) (PP-LOC at (NP (NP the Bonn-sponsored Institute) (PP of (NP (ADJP (ADJP East European) and (ADJP International)) Studies)) (PP-LOC in (NP Cologne)))))) .)) (TOP (S `` (S (NP-SBJ He) (VP 's not (NP-PRD a reformer))) -- (S (NP-SBJ-1 he) (VP wants (S (NP-SBJ *-1) (VP to (VP have (NP (NP the image) (PP of (NP a reformer)))))))) . '')) (TOP (S (PP As (NP (NP part) (PP of (NP his image polishing)))) , (NP-SBJ-1 Mr. Krenz) (VP is (VP expected (S (NP-SBJ-3 *-1) (VP to (VP take (NP (NP modest steps) (PP toward (NP reform))) (S-PRP (NP-SBJ *-3) (VP to (VP (VP rebuild (NP (NP confidence) (PP-LOC among (NP the people)))) and (VP reassert (NP (NP the party 's) authority)))))))))) .)) (TOP (S (PP Besides (S-NOM (NP-SBJ *-2) (VP sacking (NP (NP other senior Politburo officials) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP allied (NP themselves) (PP-CLR with (NP Mr. Honecker))))))))) , (NP-SBJ-2 Mr. Krenz) (VP could (VP (VP loosen (NP (NP controls) (PP-LOC on (NP the news media)))) , (VP free (PRT up) (NP travel restrictions)) , and (VP establish (NP (NP a dialogue) (PP with (NP various dissident groups)))))) .)) (TOP (SQ But will (NP-SBJ it) (VP be (ADJP-PRD enough)) ?)) (TOP (S (NP-SBJ (NP (ADJP West German) government officials) and (NP Western analysts)) (VP are (ADJP-PRD doubtful)) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ He) (VP does n't (VP signify (SBAR-NOM (WHNP-1 what) (S (NP-SBJ people) (VP want (NP *T*-1))))))) , so (S (NP-SBJ the unrest) (VP will (VP go (ADVP-CLR on))))) , '' (NP-SBJ Mr. Oldenburg) (VP predicts (S *T*-2)) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 (NP the expectations) (PP of (NP the (ADJP East German) people))) (VP (VP are (ADJP-PRD great)) and (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP grow)))))) .)) (TOP (SINV (VP Says (S *ICH*-2)) (NP-SBJ one (ADJP West German) official) : `` (S-2 (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD necessary) (ADVP-TMP now)))) (VP is (NP-PRD (NP the process) (PP of (NP democratization))))) .)) (TOP (SBAR (ADVP Not just) (SBAR that (S (NP-SBJ-1 people) (VP are (VP being (VP heard (NP *-1)))))) but (SBAR that (S (NP-SBJ-2 their interests) (VP are (VP being (VP taken (NP *-2) (ADVP-MNR seriously)))))) . '')) (TOP (S (NP-SBJ Chancellor Kohl) , (ADVP-TMP meanwhile) , (VP has (VP invited (NP-1 Mr. Krenz) (S (NP-SBJ *-1) (VP to (VP open (NP (NP discussions) (PP with (NP Bonn)) (PP on (NP (NP a wide range) (PP of (NP subjects)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Reports) (PP-LOC in (NP the (ADJP West German) press))) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP sources) (PP-LOC in (NP East Germany))))) , (VP suggest (SBAR 0 (S (NP-SBJ Mr. Krenz) (VP may (VP serve (ADVP only) (PP-CLR as (NP (NP a bridge) (PP between (NP (NP Mr. Honecker) and (NP a genuine reform leader)))))))))) .)) (TOP (SINV (VP-TPC-2 Adding (PP-CLR to (NP that speculation))) (VP is (VP *T*-2)) (NP-SBJ (NP (NP Mr. Krenz 's) reputation) (PP as (NP (NP a heavy drinker) , (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP is (VP said (S (NP-SBJ *-3) (VP to (ADVP also) (VP suffer (PP-CLR from (NP diabetes)))))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ This) (VP is (NP-PRD a dynamic process))) and (S (NP-SBJ we) (VP 're (VP experiencing (NP the first step))))) , '' (NP-SBJ the Bonn official) (VP adds (S *T*-1)) .)) (TOP (S (NP-SBJ (NP The selection) (PP of (NP Mr. Krenz))) (VP may (ADVP also) (VP disappoint (NP Moscow))) .)) (TOP (S (NP-SBJ Soviet leader Mikhail Gorbachev) (VP has (VP pressed (ADVP-MNR hard) (PP-CLR for (NP (NP a change) (PP-LOC in (NP (NP East Germany 's) rigid stance)))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Two reform-minded party leaders) (VP favored (NP *) (PP by (NP-LGS Moscow)) (PP-CLR as (NP (NP possible successors) (PP to (NP Mr. Honecker)))))) , (NP (NP Dresden party secretary Hans Modrow) and (NP Politburo member Guenter Schabowski)) ,) (VP were (VP passed (NP *-1) (ADVP-CLR over))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ Mr. Krenz) (VP sticks (PP-CLR to (NP rigid policies))))) (NP-SBJ (NP the pressure) (PP from (NP the Soviet Union))) (VP could (VP intensify)) .)) (TOP (S (PP-LOC In (NP Moscow)) , (NP-SBJ Mr. Gorbachev) (VP sent (NP Mr. Krenz) (NP (NP a congratulatory telegram) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP appeared (S (NP-SBJ *-2) (VP to (VP urge (NP-3 the new leadership) (S (NP-SBJ *-3) (VP to (VP heed (NP (NP growing calls) (PP for (NP change)))))))))))))) .)) (TOP (S (PP According (PP to (NP (NP the Soviet news agency) (NP Tass)))) , `` (NP-SBJ Gorbachev) (VP expressed (NP the conviction (SBAR that (S (NP-SBJ-2 (NP the leadership) (PP of (NP (NP the Socialist Unity Party) (PP of (NP -LCB- East -RCB- Germany))))) , (S-ADV (NP-SBJ *-2) (VP being (ADJP-PRD sensitive (PP to (NP (NP the demands) (PP of (NP the time))))))) , ... (VP will (VP find (NP (NP solutions) (PP to (NP (NP complicated problems) (SBAR (WHNP-1 0) (S (NP-SBJ (NP the GDR) (PRN -LCB- (NP German Democratic Republic) -RCB-)) (VP encountered (NP *T*-1))))))))))))) . '')) (TOP (S (NP-SBJ (NP A force) (PP of (NP younger pro-Gorbachev members)) (PP-LOC in (NP the (ADJP East German) bureaucracy))) (VP has (PP-TMP for (NP some time)) (VP been (VP pushing (PP-CLR for (NP (NP relaxation) (PP-LOC within (NP their country))))))) .)) (TOP (S (NP-SBJ-1 The older generation) (VP has (VP been (VP torn (NP *-1) (PP between (NP (NP (NP a fear) (PP of (S-NOM (NP-SBJ *-1) (VP tampering (PP-CLR with (NP the status quo)))))) and (NP (NP a fear) (PP of (SBAR (WHNP-2 what) (S (NP-SBJ *T*-2) (VP might (VP happen (SBAR-ADV if (S (NP-SBJ they) (VP did n't (VP *?*))))))))))))))) .)) (TOP (S (PP From (NP (NP the perspective) (PP of (NP (NP East Germany 's) old guard)))) , (NP-SBJ (NP reforms) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP smack (PP-CLR of (NP (NP capitalism) and (NP Western-style democracy))))))) (VP could (VP eliminate (NP (NP (NP their country 's) reason) (PP for (NP being))))) .)) (TOP (S (PP Unlike (NP (NP the other nations) (PP of (NP the bloc)))) , (NP-SBJ East Germany) (VP is (NP-PRD (NP a creature) (PP of (NP the Cold War)))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Erasing (NP (NP (NP the differences) (VP (ADVP-TMP still) dividing (NP Europe))) , and (NP (NP the vast international reordering) (SBAR (WHNP-1 0) (S (NP-SBJ that) (VP implies (NP *T*-1)))))))) , (VP wo n't (VP endanger (NP (NP the statehood) (PP of (NP (NP a Poland) or (NP a Hungary)))))) .)) (TOP (S But (NP-SBJ it) (VP could (ADVP ultimately) (VP lead (PP-DIR to (NP (NP German reunification) and (NP (NP the disappearance) (PP of (NP East Germany)) (PP from (NP the map))))))) .)) (TOP (FRAG (SBAR (WHNP-1 Which) (S (NP-SBJ *T*-1) (VP is (SBAR-NOM-PRD (WHNP-2 what) (S (NP-SBJ the Old Guard) (VP fears (NP *T*-2))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ I) (VP 'm (ADJP-PRD sure (SBAR 0 (S (NP-SBJ they) (VP 'll (VP formulate (NP (NP a reform) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP will (VP be (NP-PRD (NP a recipe) (PP for (NP (NP (NP the GDR 's) future) (PP as (NP a (ADJP separately identifiable) state))))))))))))))))) , '' (VP says (S *T*-4)) (NP-SBJ (NP Michael Simmons) , (NP (NP a British journalist) (SBAR (WHNP-3 (WHNP (WHNP whose book) (PP on (NP East Germany))) , (VP entitled (S (NP-SBJ *) `` (NP-TTL-PRD The Unloved Country))) , '') (S (NP-SBJ-1 *T*-3) (VP was (VP published (NP *-1) (NP-TMP this month))))))) .)) (TOP (S (PP-TMP Up (PP to (NP now))) , (NP-SBJ that recipe) (VP has (VP consisted (PP-CLR of (NP (NP (NP a dogged effort (S *ICH*-1)) (PP by (NP former leader Walter Ulbricht)) (S-1 (NP-SBJ *) (VP to (VP establish (NP (NP the country 's) international legitimacy))))) , (VP followed (NP *) (PP by (NP-LGS (NP Mr. Honecker 's) campaign (S (NP-SBJ *) (VP to (VP build (NP (NP the East bloc 's) only successful Stalinist economy) (PP-CLR into (NP a consumer paradise)))))))))))) .)) (TOP (S (NP-SBJ Neither man) (VP achieved (NP perfection)) .)) (TOP (S (PP-TMP (ADVP Early) in (NP 1987)) , (NP-SBJ-1 (NP Mr. Honecker) and (NP his team)) (VP (VP stopped (S (NP-SBJ *-1) (VP paying (NP thin compliments) (PP-DTV to (NP Mr. Gorbachev))))) and (VP joined (PP-CLR with (NP Romania)) (PP in (S-NOM (NP-SBJ *) (VP rejecting (NP (NP any necessity) (PP for (NP (NP adjustments) (PP-LOC in (NP their systems)))))))))) .)) (TOP (S (NP-SBJ-1 The less-self-confident Czechoslovaks and Bulgarians) , (PP in (NP contrast)) , (VP declared (NP their intentions (S (NP-SBJ *) (VP to (VP reform)))) , (SBAR-ADV while (S (NP-SBJ *-1) (VP doing (NP (NP nothing) (ADJP concrete)) (PP-CLR about (NP it)))))) .)) (TOP (S (NP-SBJ-1 The (ADJP East German) media) (ADVP-TMP soon) (VP began (S (NP-SBJ *-1) (VP (VP presenting (NP (NP Mr. Gorbachev 's) speeches) (PP-CLR (ADVP only) as (NP sketchy summaries))) , and (VP giving (NP space) (PP-DTV to (NP his opponents)))))) .)) (TOP (S (PP-TMP By (NP late 1988)) , (NP-SBJ they) (VP were (VP banning (NP Soviet publications))) .)) (TOP (S (NP-SBJ-1 The country) (VP (VP abandoned (NP (NP its former devotion) (PP to (NP socialist unity)))) and (VP took (PP-CLR to (S-NOM (NP-SBJ *-1) (VP insisting (ADVP instead) (SBAR that (S (NP-SBJ-2 (NP each country) (PP-LOC in (NP the bloc))) (VP ought (S (NP-SBJ *-2) (VP to (VP travel (NP its own road)))))))))))) .)) (TOP (S (NP-SBJ Mr. Honecker) (VP (VP spoke (PP-CLR of `` (NP (NP (ADJP generally valid) objective laws) (PP of (NP socialism))) '')) and (VP left (NP (NP no room) (PP for (NP debate))))) .)) (TOP (S (PP With (NP (NP (NP (NP this year 's) dislocations) (PP-LOC in (NP (NP China) and (NP the Soviet Union)))) , and (NP (NP the drive) (PP to (NP democracy)) (PP-LOC in (NP Poland and Hungary))))) , (NP-SBJ the (ADJP East German) leadership) (VP grew (ADJP-PRD (ADJP still more) defensive)) .)) (TOP (S (NP-SBJ Politburo member Joachim Herrman) (VP confessed (PP-CLR to (NP (NP a `` grave concern '') (PP over (NP Hungarian democracy))))) .)) (TOP (S-4 `` (PP-LOC Under (NP (NP the banner) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP proclaims (NP (NP the ` renewal) (PP of (NP socialism)))))))) (PRN , ' '' (S (NP-SBJ he) (VP said (S *T*-4))) ,) `` (NP-SBJ (NP forces) (SBAR *ICH*-1)) (VP are (PP-PRD at (NP work)) (SBAR-1 (WHNP-5 that) (S (NP-SBJ-3 *T*-5) (VP are (VP striving (S (NP-SBJ *-3) (VP to (VP eliminate (NP socialism))))))))) . '')) (TOP (S (NP-SBJ (NP Some loyal voices) , (PP-LOC (PP in (NP *RNR*-1)) and (PP out (PP of (NP *RNR*-1))) (NP-1 the (ADJP East German) Communist party))) , (VP saw (S (NP-SBJ (NP the nation 's) unrest) (VP coming))) .)) (TOP (S (NP-SBJ The first signs) (VP were (ADJP-PRD economic)) .)) (TOP (S (PP Despite (NP (ADJP heavily subsidized) consumer industries)) , (NP-SBJ East Germans) (VP have (PP-TMP for (NP years)) (VP watched (S (NP-SBJ the West) (VP pull (ADVP-CLR farther out ahead))))) .)) (TOP (S (PP-TMP In (NP 1988)) , (PP-TMP for (NP the first time)) , (NP-SBJ economic growth) (VP came (PP-DIR to (NP a dead stop))) .)) (TOP (S (ADVP-MNR Gingerly) , (NP-SBJ-1 some economists) (VP began (S (NP-SBJ *-1) (VP to (VP blame (NP central planning))))) .)) (TOP (S (NP-SBJ (NP Some writers) (PP-LOC in (NP theoretical journals))) (ADVP even) (VP raised (NP (NP the notion) (PP of (S-NOM (NP-SBJ *) (VP introducing (NP democracy) , (PP-LOC (ADVP at least) in (NP the workplace))))))) .)) (TOP (S (PP-TMP By (NP summer)) , (NP-SBJ an independent reform movement) (VP was (VP saying (ADVP-MNR out loud) (SBAR (WHNP-1 what) (S (NP-SBJ it) (VP had (ADVP only) (VP whispered (NP *T*-1) (ADVP-TMP before))))))) .)) (TOP (S But (NP-SBJ they) (VP are (NP-PRD stalwart socialists)) .)) (TOP (S (NP-SBJ Their proclaimed purpose) (VP is (S-PRD (NP-SBJ *) (VP (VP to (VP cleanse (NP East Germany) (PP-CLR of (NP its Stalinist muck)))) , not (VP to (VP merge (PP-CLR with (NP the West))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP their pastors))) (VP has (VP envisioned (NP (NP a `` new utopia '') (PP of `` (NP creative socialism))))) . '')) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP the man) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Krenz) (VP replaces (NP *T*-1))))) (VP has (VP left (NP an indelible mark) (PP-LOC-CLR on (NP (ADJP East German) society)))) .)) (TOP (S (S-ADV (NP-SBJ-3 *-2) (VP Imprisoned (NP *-3) (PP by (NP-LGS the Nazis)) (PP-TMP during (NP World War II)) (PP-PRP for (NP his political beliefs)))) , (NP-SBJ-2 Mr. Honecker) (VP typified (NP (NP the postwar generation) (PP of (NP (NP committed Communist leaders) (PP-LOC in (NP Eastern Europe)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP took (NP their cues) (PP-CLR from (NP Moscow))))))))) .)) (TOP (S (NP-SBJ He) (VP was (NP-PRD (NP a `` socialist warrior '') (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP felt (S (NP-SBJ-3 *-2) (VP rankled (NP *-3) (PP by (NP-LGS (NP (NP West Germany 's) enormous postwar prosperity) and (NP (NP the Bonn government 's) steadfast refusal (S (NP-SBJ *) (VP to (VP recognize (NP (NP the legitimacy) (PP of (NP his state)))))))))))))))) .)) (TOP (S (ADVP Finally) , (PP-TMP during (NP (NP his (ADJP first and only) state visit) (PP to (NP Bonn)) (ADVP-TMP (NP two years) ago))) , (NP-SBJ he) (VP won (NP (NP some measure) (PP of (NP (NP the recognition) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP had (ADVP-TMP long) (VP sought (NP *T*-1))))))))) .)) (TOP (S But (ADVP ultimately) (NP-SBJ-1 he) (VP was (VP undone (NP *-1) (PP by (NP-LGS (NP forces) (VP unleashed (NP *) (PP by (NP-LGS (NP his own comrade) , (NP Mr. Gorbachev)))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 (NP Mr. Honecker 's) removal) `` (VP was (VP bound (S (NP-SBJ *-1) (VP to (VP happen)))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP one aide) (PP to (NP Chancellor Kohl))) .)) (TOP (S `` (NP-SBJ It) (VP was (ADVP only) (NP-PRD (NP a matter) (PP of (NP time)))) . '')) (TOP (S (NP-SBJ The European Community Commission) (VP increased (NP (NP its forecast) (PP for (NP (NP economic growth) (PP-LOC in (NP the EC)) (PP-TMP in (NP 1989))))) (PP-DIR to (NP (NP 3.5 %) , (ADJP (ADJP slightly higher) (PP than (NP (NP its June projection) (PP of (NP 3.25 %)))))))) .)) (TOP (S (PP-LOC In (NP (NP its annual economic report) (PP for (NP 1989-1990)))) , (NP-SBJ the commission) (ADVP also) (VP projected (NP (NP 1990 gross domestic product growth) (PP for (NP the 12 EC members))) (PP-CLR at (NP 3 %))) .)) (TOP (S (NP-SBJ-3 EC inflation) (VP was (VP seen (S (NP-SBJ *-3) (PP-LOC-PRD at (NP (NP 4.8 %) (PP-TMP in (NP 1989)) , (ADJP-2 (ADJP higher) (PP than (NP (NP 1988 's) (ADJP 3.6 %) price rise)))))))) .)) (TOP (S (ADVP However) , (NP-SBJ-1 (NP inflation) (PP for (NP 1990))) (VP was (VP seen (S (NP-SBJ *-1) (VP slowing (PP-DIR to (NP 4.5 %)))))) .)) (TOP (SINV (VP-TPC-1 Leading (NP EC growth forecasts)) (PP-TMP in (NP 1989)) (VP was (VP *T*-1)) (NP-SBJ (NP Ireland) , (VP seen (S (NP-SBJ *) (VP growing (NP-EXT 5 %) (PP at (NP constant prices)))))) .)) (TOP (S (NP-SBJ (ADJP Slower growth) countries) (VP included (NP (NP (NP Greece) , (PP-LOC at (NP 2.5 %)) ,) (NP (NP the U.K.) , (PP-LOC at (NP 2.25 %)) ,) and (NP (NP Denmark) , (PP-LOC at (NP 1.75 %))))) .)) (TOP (S (NP-SBJ-2 Inflation) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD highest) (PP-LOC in (NP (NP (NP-4 Greece) , (SBAR (WHADVP-3 where) (S (NP-SBJ-1 it) (VP is (VP projected (NP *-1) (PP-CLR-5 at (NP 14.25 %)) (ADVP-LOC *T*-3))))) ,) and (NP (NP=4 Portugal) , (PP-LOC=5 at (NP 13 %)))))))))) .)) (TOP (S (PP-LOC At (NP (NP the other end) (PP of (NP the spectrum)))) , (NP-SBJ-1 (ADJP West German) inflation) (VP was (VP forecast (NP *-1) (PP-CLR at (NP (NP (NP 3 %) (PP-TMP in (NP 1989))) and (NP (NP 2.75 %) (PP-TMP in (NP 1990))))))) .)) (TOP (S (NP-SBJ Nestle Korea Ltd.) (VP opened (NP a coffee and non-dairy-creamer plant) (PP-LOC in (NP (NP Chongju) , (NP South Korea)))) .)) (TOP (S (NP-SBJ (NP An official) (PP-LOC at (NP (NP Nestle Korea) , (NP (NP a 50-50 joint venture) (PP between (NP (NP Nestle S.A.) and (NP the Doosan Group)))) ,))) (VP said (SBAR 0 (S (NP-SBJ the new facility) (VP will (VP manufacture (NP (NP all types) (PP of (NP (NP (ADJP soluble , roasted and ground) coffee) , (NP coffee mix) and (NP nondairy coffee creamer))))))))) .)) (TOP (S (NP-SBJ-2 The South Korean coffee market) , (S-ADV (NP-SBJ *-2) (VP consisting (ADVP mostly) (PP-CLR of (NP instant coffee)))) , (VP was (VP estimated (NP *-2) (PP-CLR at (NP (NP (QP about 100 billion) won) (PRN -LRB- (NP (QP $ 150.7 million) *U*) -RRB-))) (NP-TMP last year))) .)) (TOP (S (NP-SBJ (NP Brands) (VP made (NP *) (PP by (NP-LGS (NP the Kraft General Foods unit) (PP of (NP Philip Morris Cos.)))))) (VP had (NP (NP (QP about 95) %) (PP of (NP the market share)))) .)) (TOP (S (NP-SBJ Nestle) (ADVP-TMP currently) (VP has (NP only about a (ADJP 2 %) share) (PP with (NP its (NP Taster 's) Choice coffee))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Poland) (VP plans (S (NP-SBJ *-1) (VP to (VP start (NP (NP negotiations) (PP *ICH*-3)) (ADVP-TMP soon) (PP-3 on (S-NOM (NP-SBJ *) (VP purchasing (NP natural gas) (PP-CLR from (NP Iran)))))))))) , (NP-SBJ the official Islamic Republic News Agency) (VP reported (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The agency) (VP said (SBAR 0 (S (NP-SBJ Polish Prime Minister Tadeusz Mazowiecki) (VP told (NP Iranian Deputy Foreign Minister Mahmoud Vaezi) (PP-CLR of (NP (NP Poland 's) willingess (S (NP-SBJ *) (VP to (VP purchase (NP the gas)))))) (PP-TMP during (NP (NP (NP Mr. Vaezi 's) current visit) (PP to (NP Warsaw)))))))) .)) (TOP (S (NP-SBJ The agency) (VP (VP did n't (VP mention (NP possible quantities))) and (VP did n't (VP say (SBAR (WHADVP-2 how) (S (NP-SBJ-1 the gas) (VP would (VP be (VP delivered (NP *-1) (ADVP-MNR *T*-2))))))))) .)) (TOP (S (NP-SBJ A Chinese official) (VP (ADVP-MNR harshly) criticized (NP plans (S (NP-SBJ *) (VP to (VP close (NP (NP a British naval base) (PP-LOC in (NP downtown Hong Kong)))))))) .)) (TOP (S (NP-SBJ Hong Kong officials) (VP announced (NP-TMP last week) (SBAR that (S (NP-SBJ-1 the base) (VP will (VP be (VP relocated (NP *-1) (PP-DIR to (NP a small island)) (S-PRP (NP-SBJ *) (VP to (VP allow (NP downtown redevelopment)))))))))) .)) (TOP (S But (NP-SBJ-1 Beijing) (VP wants (S (NP-SBJ *-1) (VP to (VP use (NP the base) (PP-CLR for (NP (NP the People 's) Liberation Army)) (PP-TMP after (NP (NP 1997) , (SBAR (WHADVP-2 when) (S (NP-SBJ the territory) (VP returns (PP-DIR to (NP Chinese sovereignty)) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (NP-SBJ (NP Ke Zaishuo) , (NP (NP head) (PP of (NP (NP (NP China 's) delegation) (PP to (NP (NP a Chinese-British Liaison Committee) (PP on (NP Hong Kong))))))) ,) (VP (VP accused (NP-2 Britain) (PP-CLR of (S-NOM (NP-SBJ-3 *-2) (VP trying (S (NP-SBJ *-3) (VP to (VP impose (NP a fait accompli)))))))) and (VP said , `` (S (NP-SBJ This) (VP is (NP-PRD (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP can not (VP accept (NP *T*-1)))))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ-2 The (ADJP Israeli and Soviet) national airlines) (VP have (VP reached (NP (NP preliminary agreement) (PP for (S-NOM (NP-SBJ *-2) (VP launching (NP (NP the first direct flights) (PP between (NP (NP Tel Aviv) and (NP Moscow))))))))))) , (NP-SBJ (NP a spokesman) (PP for (NP (NP the Israeli airline) , (NP El Al) ,))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP El Al director Rafi Har-Lev) and (NP (NP top officials) (PP of (NP (NP the Soviet Union 's) Aeroflot)))) (VP negotiated (NP a preliminary pact) (PP-LOC in (NP Moscow)) (NP-TMP this week))) , (NP-SBJ the spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP concluding (NP the deal))) (VP requires (NP (NP approval) (PP by (NP (NP the governments) (PP of (NP (NP both countries) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (ADVP-TMP never) (VP had (NP direct air links)))))))))))))) .)) (TOP (S (NP-SBJ-4 (NP (NP The chairman) (PP *RNR*-3)) and (NP (NP a director) (PP *RNR*-3)) (PP-3 of (NP (NP one) (PP of (NP (NP (NP (NP the Republic) (PP of (NP Singapore)) 's) leading property companies) , (NP (NP City Development Ltd.) , or (NP CDL) ,)))))) (VP were (VP charged (NP *-4) (NP-TMP yesterday) (PP-CLR with (NP (NP criminal breach) (PP of (NP (NP trust) (PP of (NP (NP (QP some 800,000) Singapore dollars) (PRN -LRB- (NP (QP about US$ 409,000) *U*) -RRB-))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Kwek Hong Png) , (NP (NP chairman) (PP of (NP CDL))) ,) and (NP director Quek Leng Chye)) (VP were (VP arrested (NP *-1) (PP by (NP-LGS (NP the republic 's) Corrupt Practices Investigation Bureau)) (NP-TMP Tuesday night))) .)) (TOP (S (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ *-3) (VP abetting (PP-CLR in (NP (NP the alleged criminal breach) (PP of (NP trust))))))))) , (NP-SBJ-3 Kwek Hong Png) (VP was (ADVP also) (VP charged (NP *-3) (PP-CLR with (S-NOM (NP-SBJ *-3) (VP (ADVP-MNR dishonestly) receiving (NP (NP S$ 500,000 *U*) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP had (VP been (VP stolen (NP *-1)))))))))))) .)) (TOP (S (NP-SBJ-1 Both men) (VP were (VP (VP charged (NP *-1) (PP-LOC in (NP a subordinate court))) and (VP released (NP *-1) (PP on (NP (NP bail) (PP of (NP S$ 1 million *U*))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ The charges) (VP are (NP-PRD (NP the culmination) (PP of (NP (NP weeks) (PP of (NP (NP rumors) (VP concerning (NP CDL)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP (VP depressed (NP-2 (NP the company 's) share price) (PP-4 *NOT*)) and (VP (PP-EXT=4 to (NP a lesser extent)) (NP=2 (NP the shares) (PP of (NP (NP all companies) (VP owned (NP *) (PP by (NP-LGS (NP CDL 's) controlling Quek family)))))))))))))))))) , (NP-SBJ (NP brokers) (PP-LOC in (NP Singapore))) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ The Queks) (VP control (NP (NP the Hong Leong Group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP widespread interests) (PP in (NP manufacturing , property and finance))) (PP-LOC in (NP both Malaysia and Singapore))))))) .)) (TOP (S (S (NP-SBJ-1 (NP News) (PP of (NP (NP the arrest and charging) (PP of (NP the two men))))) (VP helped (S (NP-SBJ *-1) (VP to (VP push (NP-2 (NP prices) (PP-LOC on (NP the Singapore Stock market))) (S-CLR (NP-SBJ *-2) (ADJP-PRD sharply lower)) (PP-LOC in (NP early trading)) (NP-TMP yesterday)))))) , but (S (NP-SBJ brokers) (VP said (SBAR that (S (NP-SBJ (NP the market) and (NP CDL shares)) (VP recovered (SBAR-TMP once (S (NP-SBJ (NP it) (SBAR *EXP*-4)) (VP became (ADJP-PRD apparent) (SBAR-4 0 (S (NP-SBJ-5 the charges) (VP were (VP limited (NP *-5) (PP-CLR to (NP (NP the two men) (ADVP personally))))))))))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the two British companies) (VP (ADVP-TMP still) making (NP hard toilet paper))))) (VP stopped (NP (NP production) (PP of (NP it)))) .)) (TOP (S (NP-SBJ-1 British Tissues) (VP decided (S (NP-SBJ *-1) (VP to (VP do (ADVP-CLR away) (PP-CLR with (NP its hard paper))))) (SBAR-TMP after (S (NP-SBJ (NP a major customer) , (NP British Rail) ,) (VP switched (PP-CLR to (NP (NP softer tissues) (PP for (NP train bathrooms)))))))) ... .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Peasants) (PP-LOC in (NP Inner Mongolia))) (VP have (VP (ADVP partly) dismantled (NP (NP a 20-mile section) (PP of (NP (NP China 's) famed Great Wall)))))) , (NP-SBJ the official (NP People 's) Daily) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The paper) (VP said (SBAR 0 (S (S (NP-SBJ-1 the bricks) (VP were (VP used (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP build (NP homes and furnaces))))))) and , (S (PP-PRP as (NP a result)) , (NP-SBJ the wall) `` (VP is (PP-PRD in (NP terrible shape))))))) .)) (TOP (NP (NP Wednesday) , (NP October 18 , 1989))) (TOP (S (NP-SBJ (NP The key (UCP U.S. and foreign) annual interest rates) (ADVP-LOC below)) (VP (VP are (NP-PRD (NP a guide) (PP to (NP general levels)))) but (VP do n't (ADVP-TMP always) (VP represent (NP actual transactions)))) .)) (TOP (NP (NP PRIME RATE) : (NP (QP 10 1) %) .)) (TOP (NP (NP The base rate) (PP on (NP corporate loans)) (PP-LOC at (NP large U.S. money center commercial banks)) .)) (TOP (NP (NP FEDERAL FUNDS) : (NP (NP (NP (QP 8 15) %) (ADJP high)) , (NP (NP (QP 8 5) %) (ADJP low)) , (NP (NP (QP 8 3) %) (PP-TMP near (NP closing bid))) , (NP (NP (QP 8 7) %) (VP offered (NP *)))) .)) (TOP (S (NP-SBJ Reserves) (VP traded (PP-LOC among (NP commercial banks)) (PP-PRP for (NP overnight use)) (PP in (NP (NP amounts) (PP of (NP (QP $ 1 million) *U* (QP or more)))))) .)) (TOP (NP (NP Source) : (NP Fulton Prebon (PRN -LRB- U.S.A . -RRB-) Inc) .)) (TOP (NP (NP DISCOUNT RATE) : (NP 7 %) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP depository institutions)) (PP by (NP the New York Federal Reserve Bank)))) .)) (TOP (NP (NP CALL MONEY) : (NP (NP (QP 9 3) %) to (NP 10 %)) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP brokers)) (PP on (NP stock exchange collateral)))) .)) (TOP (NP (NP (NP COMMERCIAL PAPER) (VP placed (NP *) (ADVP-MNR directly) (PP by (NP-LGS General Motors Acceptance Corp.)))) : (NP (NP (NP 8.45 %) (NP (QP 30 to 44) days)) ; (NP (NP 8.25 %) (NP (QP 45 to 74) days)) ; (NP (NP 8.30 %) (NP (QP 75 to 99) days)) ; (NP (NP 7.75 %) (NP (QP 100 to 179) days)) ; (NP (NP 7.50 %) (NP (QP 180 to 270) days))) .)) (TOP (NP (NP COMMERCIAL PAPER) : (NP (NP (NP High-grade unsecured notes) (VP sold (NP *) (PP through (NP dealers)) (PP by (NP-LGS major corporations)) (PP in (NP (NP multiples) (PP of (NP $ 1,000 *U*)))))) : (NP (NP (NP 8.55 %) (NP 30 days)) ; (NP (NP 8.45 %) (NP 60 days)) ; (NP (NP 8.375 %) (NP 90 days)))) .)) (TOP (NP (NP (NP CERTIFICATES) (PP OF (NP DEPOSIT))) : (NP (NP (NP 8.05 %) (NP one month)) ; (NP (NP 8.02 %) (NP two months)) ; (NP (NP 8 %) (NP three months)) ; (NP (NP 7.98 %) (NP six months)) ; (NP (NP 7.95 %) (NP one year))) .)) (TOP (NP (NP Average) (PP of (NP (NP top rates) (VP paid (NP *) (PP by (NP-LGS major New York banks)) (PP (PP on (NP (NP primary new issues) (PP of (NP negotiable C.D.s)))) , (PP (ADVP-TMP usually) on (NP (NP amounts) (PP of (NP (QP $ 1 million) *U* (QP and more))))))))) .)) (TOP (S (NP-SBJ The minimum unit) (VP is (NP-PRD $ 100,000 *U*)) .)) (TOP (NP (NP (NP Typical rates) (PP-LOC in (NP the secondary market))) : (NP (NP (NP 8.53 %) (NP one month)) ; (NP (NP 8.48 %) (NP three months)) ; (NP (NP 8.40 %) (NP six months))) .)) (TOP (NP (NP BANKERS ACCEPTANCES) : (NP (NP (NP 8.42 %) (NP 30 days)) ; (NP (NP 8.30 %) (NP 60 days)) ; (NP (NP 8.28 %) (NP 90 days)) ; (NP (NP 8.15 %) (NP 120 days)) ; (NP (NP 8.05 %) (NP 150 days)) ; (NP (NP 7.95 %) (NP 180 days))) .)) (TOP (NP (NP Negotiable , bank-backed business credit instruments) (VP (ADVP typically) financing (NP an import order)) .)) (TOP (NP (NP LONDON LATE EURODOLLARS) : (NP (NP (NP (NP (QP 8 11) %) to (NP (QP 8 9) %)) (NP one month)) ; (NP (NP (NP (QP 8 5) %) to (NP (QP 8 1) %)) (NP two months)) ; (NP (NP (NP (QP 8 5) %) to (NP (QP 8 1) %)) (NP three months)) ; (NP (NP (NP (QP 8 9) %) to (NP (QP 8 7) %)) (NP four months)) ; (NP (NP (NP (QP 8 1) %) to (NP (QP 8 3) %)) (NP five months)) ; (NP (NP (NP (QP 8 1) %) to (NP (QP 8 3) %)) (NP six months))) .)) (TOP (NP (NP (NP LONDON INTERBANK OFFERED RATES) (PRN -LRB- (NP LIBOR) -RRB-)) : (NP (NP (NP (QP 8 11) %) (NP one month)) ; (NP (NP (QP 8 11) %) (NP three months)) ; (NP (NP (QP 8 1) %) (NP six months)) ; (NP (NP (QP 8 1) %) (NP one year))) .)) (TOP (NP (NP The average) (PP of (NP interbank offered rates)) (PP for (NP dollar deposits)) (PP-LOC in (NP the London market)) (PP based (PP on (NP (NP quotations) (PP-LOC at (NP five major banks))))) .)) (TOP (NP (NP FOREIGN PRIME RATES) : (NP (NP (NP Canada) (NP 13.50 %)) ; (NP (NP Germany) (NP 8.50 %)) ; (NP (NP Japan) (NP 4.875 %)) ; (NP (NP Switzerland) (NP 8.50 %)) ; (NP (NP Britain) (NP 15 %))) .)) (TOP (S (S (NP-SBJ These rate indications) (VP are n't (ADJP-PRD directly comparable))) ; (S (NP-SBJ lending practices) (VP vary (ADVP-MNR widely) (PP by (NP location)))) .)) (TOP (NP (NP TREASURY BILLS) : (NP (NP (NP Results) (PP of (NP (NP the (NAC-TMP Monday , October 16 , 1989 ,) auction) (PP of (NP (NP short-term U.S. government bills) , (VP sold (NP *) (PP at (NP (NP a discount) (PP from (NP face value)))) (PP in (NP (NP units) (PP of (NP (NP $ 10,000 *U*) to (NP (QP $ 1 million) *U*))))))))))) : (NP (NP (NP 7.37 %) (NP 13 weeks)) ; (NP (NP 7.42 %) (NP 26 weeks)))) .)) (TOP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP .) (PRN -LRB- (NP Freddie Mac) -RRB-) :)) (TOP (NP (NP Posted yields) (PP on (NP (NP 30-year mortgage commitments) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days)))))) .)) (TOP (NP (NP (NP 9.88 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 7.875 %) , (NP (ADJP 2 %) rate capped one-year adjustable rate mortgages)) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION) (PRN -LRB- (NP Fannie Mae) -RRB-) :)) (TOP (NP (NP (NP Posted yields) (PP on (NP (NP 30 year mortgage commitments) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days)))) (PRN -LRB- (VP priced (NP *) (PP-CLR at (NP par))) -RRB-)))) (NP (NP (NP 9.83 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 8.70 %) , (NP 6 rate capped one-year adjustable rate mortgages))) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP MERRILL LYNCH READY ASSETS TRUST) : (NP 8.50 %) .)) (TOP (NP (NP (NP Annualized average rate) (PP of (NP return)) (PP-TMP after (NP expenses)) (PP-TMP for (NP the past 30 days))) ; not (NP (NP a forecast) (PP of (NP future returns))) .)) (TOP (S (NP-SBJ-1 (NP A grand jury) (ADVP-LOC here)) (VP indicted (NP (NP (NP Norton Co. 's) former director) (PP of (NP advanced-ceramics research))) , (S-ADV (NP-SBJ *-1) (VP charging (NP him) (PP-CLR with (NP (NP interstate transportation) (PP of (NP stolen property))))))) .)) (TOP (S (NP-SBJ-1 (NP Norton) and (NP General Electric Co.)) (NP-TMP last month) (VP filed (NP a lawsuit) (PP-CLR against (NP (NP the former research manager) , (NP Chien-Min Sung) ,)) (S-ADV (NP-SBJ *-1) (VP charging (NP-2 him) (PP-CLR with (S-NOM (NP-SBJ *-2) (VP stealing (NP trade secrets))))))) .)) (TOP (S (NP-SBJ Mr. Sung) (ADVP-TMP formerly) (VP worked (PP-LOC at (NP General Electric)) (PP in (NP (NP research) (PP on (NP synthetic diamonds))))) .)) (TOP (S (NP-SBJ (NP The criminal charges) (VP brought (NP *) (PP-CLR against (NP him)))) (VP involved (NP GE technology) , (PP according (NP the court documents))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 *-1) (VP convicted (NP *-2)))) , (NP-SBJ-1 he) (VP could (VP be (VP (VP imprisoned (NP *-1) (PP-TMP for (NP (QP up to 10) years))) and (VP fined (NP *-1) (NP $ 250,000 *U*))))) .)) (TOP (S (NP-SBJ-1 Mr. Sung) (VP could n't (VP be (VP reached (NP *-1) (PP-PRP for (NP comment))))) .)) (TOP (S (NP-SBJ He) (ADVP-TMP earlier) (VP denied (NP (NP the allegations) (PP against (NP him)) (PP-LOC in (NP (NP the lawsuit) (PP by (NP Norton and GE)))))) .)) (TOP (S (NP-SBJ Norton) (VP makes (NP (NP (NP sandpaper) and (NP other abrasives)) , (NP diamond tools) , (NP specialty plastics) and (NP ceramics))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ-1 (NP the citizens) (PP of (NP (NP San Francisco) and (NP surrounding communities)))) (VP began (S (NP-SBJ *-1) (VP assessing (NP (NP the damage) (PP from (NP (NP Tuesday 's) devastating earthquake)))))))) , (NP-SBJ-2 NBC News) (VP began (S (NP-SBJ *-2) (VP assessing (NP (NP the damage) (PP from (SBAR-NOM (WHNP-4 what) (S (NP-SBJ some) (VP said (SBAR 0 (S (NP-SBJ *T*-4) (VP was (NP-PRD a failure (S (NP-SBJ *) (VP to (VP provide (NP comprehensive coverage) (PP-TMP in (NP (NP the earthquake 's) initial moments))))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (PP In (NP (NP terms) (PP of (NP coverage)))) , (NP-SBJ it) (VP was (NP-PRD (NP a disaster) (ADJP equal (PP to (NP the earthquakes)))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Eric Premner) , (NP (NP president) (PP for (NP broadcasting)) (PP of (NP (NP King Broadcasting Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP the NBC affiliate) (PP-LOC in (NP (NP Seattle) , (NP Wash))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ rival ABC News) (VP outstripped (NP the competition) (PP in (NP (NP live coverage) (PP of (NP the event)))) (PP by (NP sheer luck)) (PRN -- (S (NP-SBJ the network) (VP was (VP broadcasting (NP the World Series) (PP from (NP Candlestick Park)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the quake) (VP struck (ADVP-TMP *T*-1))))))) --)))) (NP-SBJ-2 NBC News) (VP was (ADJP-PRD unable (S (NP-SBJ *-2) (VP to (VP get (NP its signal) (PP-CLR out (PP of (NP San Francisco))))))) (PP-TMP for (NP (NP the first hour) (PP-TMP after (NP the quake))))) .)) (TOP (SINV `` (S-1 (NP-SBJ-2 I) (VP have (S (NP-SBJ *-2) (VP to (VP attribute (NP the lackluster performance) (PP-CLR to (NP a natural disaster))))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Premner) .)) (TOP (S `` So (SBAR-TMP before (S (NP-SBJ-2 I) (VP start (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD really critical (PP of (NP NBC))))))))) , (NP-SBJ-3 I) (VP would (VP like (S (NP-SBJ *-3) (VP to (VP know (NP (NP more) (PP about (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happened)))))))))) . '')) (TOP (S (NP-SBJ There) (VP were (NP-PRD no complaints) (PP from (NP (NP affiliates) (PP of (NP (NP CBS Inc.) and (NP (NP Cable News Network) , (NP (NP a unit) (PP of (NP Turner Broadcasting System Inc))))))))) .)) (TOP (S But (NP-SBJ that) (VP was not (NP-PRD the case) (PP-LOC at (NP (NP NBC News) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP dogged (NP *-1) (PP-CLR with (NP (NP the image) (PP of (S-NOM (NP-SBJ *-1) (VP not being (ADJP-PRD aggressive) (PP on (NP major breaking stories))))))))))))))) .)) (TOP (S (NP-TMP Last summer) , (NP-SBJ the affiliates) (VP (ADVP-MNR bitterly) complained (PP-CLR to (NP network executives)) (PP about (NP (NP the poor coverage) (PP of (NP (NP the student uprising) (PP-LOC in (NP China))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ-2 I) (VP was not (VP pleased (NP *-2) (PP-CLR with (NP the slow start))))) , and (SINV (ADVP neither) was (NP-SBJ NBC News) (VP *?*))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Guy Hempel) , (NP (NP general manager) (PP of (NP (NP NBC affiliate WAVE) (PP-LOC in (NP (NP Louisville) , (NP Ky))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP (NP National Broadcasting Co.) , (NP (NP a unit) (PP of (NP General Electric Co.))) ,))) (VP said (SBAR 0 (S (NP-SBJ the network) (VP was `` (VP looking (PP-CLR into (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happened))))))))) . '')) (TOP (S (NP-SBJ The stations) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP were (VP pleased (NP *-1) (PP-CLR with (NP (NP the extended coverage) (NP-TMP yesterday) , (PP including (NP (NP a special five-hour edition) (PP of `` (NP-TTL Today))))))))))) . '')) (TOP (S (NP-SBJ (NP Don Browne) , (NP (NP director) (PP of (NP news)) (PP-LOC at (NP NBC News))) ,) (VP said (PP-LOC in (NP an interview)) (SBAR that `` (S (NP-SBJ we) (VP could n't (VP get (NP a signal) (PP-CLR out (PP of (NP San Francisco)))))))) .)) (TOP (S (NP-SBJ We) (VP were (PP-LOC-PRD out (PP of (NP the box)))) .)) (TOP (S (NP-SBJ It) (VP was (ADJP-PRD horrible)) .)) (TOP (S (NP-SBJ (NP The comment) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP 're (VP hearing (NP *T*-1)))))) (VP is (SBAR-PRD that (S (NP-SBJ we) (VP (VP were (ADJP-PRD slow) (PP-LOC out (PP of (NP the box)))) , but (VP beat (NP (NP everyone) (ADJP else)) (PP-LOC in (NP the stretch))))))) . '')) (TOP (S (NP-SBJ NBC) (VP (VP broadcast (PP-TMP throughout (NP the entire night))) and (VP did not (VP go (PP-PRD off (NP the air)) (PP-TMP until (NP (NP noon) (NP-TMP yesterday)))))) .)) (TOP (S (NP-SBJ The quake) (VP postponed (NP (NP the (ADJP third and fourth) games) (PP of (NP the World Series)))) .)) (TOP (S (PP-LOC In (NP (NP place) (PP of (NP the games)))) , (NP-SBJ ABC) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP planned (S (NP-SBJ *-1) (VP to (VP broadcast (NP (NP (NP next week 's) episodes) (PP of (NP its prime-time Wednesday and Thursday lineups)) , (PP except (PP for (NP (NP a one-hour special) (PP on (NP the earthquake)) (PP-TMP at (NP (NP 10 p.m.) (NP-TMP last night)))))))))))))) .)) (TOP (S (NP-SBJ-1 The series) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP resume (NP-TMP Tuesday evening) (PP-LOC in (NP San Francisco))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ There) (VP are (NP-PRD (NP no commercials) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP make (PRT up) (PP-CLR for (NP *T*-1))))))) (SBAR-PRP since (S (NP-SBJ-2 we) (VP 're (VP going (S (NP-SBJ *-2) (VP to (ADVP-TMP eventually) (VP broadcast (NP the World Series)))))))))) , '' (VP said (S *T*-3)) (NP-SBJ a network spokesman) .)) (TOP (S (NP-SBJ Pinnacle West Capital Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP suspended (ADVP-MNR indefinitely) (NP its common stock dividend)) and (VP reported (NP (NP a (ADJP 91 %) plunge) (PP-LOC in (NP third-quarter net income)))))))) .)) (TOP (S (NP-SBJ (NP The announcement) , (VP made (NP *) (PP-TMP after (NP (NP the close) (PP of (NP trading))))) ,) (VP caught (NP analysts) (PP-CLR by (NP surprise))) .)) (TOP (S (NP-SBJ The company) (VP closed (PP-CLR at (NP (NP $ 12 *U*) (NP-ADV a share))) , (ADVP down (NP 62.5 cents))) , (PP-LOC in (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange)) .)) (TOP (S (NP-SBJ-1 Pinnacle West) (VP slashed (NP its quarterly dividend) (PP-DIR to (NP (NP 40 cents) (PP per (NP share)))) (PP-DIR from (NP 70 cents)) (PP-TMP in (NP December)) , (S-ADV (NP-SBJ *-1) (VP saying (PP-TMP at (NP the time)) (SBAR that (S (NP-SBJ it) (VP believed (SBAR 0 (S (NP-SBJ the new , lower dividend) (VP was `` (ADJP-PRD sustainable)))))))))) . '')) (TOP (S (NP-SBJ A company spokesman) (VP said (SBAR (SBAR 0 (S (NP-SBJ the decision (S (NP-SBJ *) (VP to (VP eliminate (NP the dividend))))) (VP resulted (PP-CLR from (NP a quarterly appraisal))))) and (SBAR that (S (NP-SBJ circumstances) (VP had (VP changed (PP-TMP since (NP the December announcement)))))))) .)) (TOP (S (NP-SBJ-1 He) (VP declined (S (NP-SBJ *-1) (VP to (VP elaborate)))) .)) (TOP (S (NP-SBJ (NP Edward J. Tirello Jr.) , (NP (NP an analyst) (PP-LOC at (NP Shearson Lehman Hutton Inc.))) ,) (VP speculated (SBAR that (S (NP-SBJ the sudden dividend elimination) (VP presages (NP (NP an expensive agreement) (PP with (NP thrift regulators)) (PP over (NP (NP the company 's) insolvent MeraBank savings and loan unit))))))) .)) (TOP (S (NP-SBJ Analysts) (VP have (VP estimated (SBAR that (S (NP-SBJ-1 Pinnacle West) (VP may (VP have (S (NP-SBJ-2 *-1) (VP to (VP inject (NP (QP between $ 300 million and $ 400 million) *U*) (PP-DIR into (NP the MeraBank unit)) (PP-TMP before (S-NOM (NP-SBJ *-2) (VP turning (NP-PRD the thrift) (PRT over) (PP-CLR to (NP federal regulators)))))))))))))) .)) (TOP (S (NP-SBJ (NP The latest financial results) (PP-LOC at (NP (NP the troubled utility and thrift holding company) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Phoenix) , (NP Ariz.) ,)))))) (VP reflect (NP (NP (NP continuing problems) (PP-LOC at (NP MeraBank))) and (NP (NP losses) (PP-LOC in (NP (ADJP real-estate , venture-capital and uranium-mining) operations))))) .)) (TOP (S (NP-SBJ Third-quarter net income) (VP slid (PP-DIR to (NP (NP (QP $ 5.1 million) *U*) , or (NP (NP six cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 56 million) *U*) , or (NP 65 cents) ,) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ (NP Utility operations) , (NP (NP the only company unit) (VP operating (PP-LOC in (NP the black)) (PP-TMP in (NP the latest period)))) ,) (VP had (NP (NP a (ADJP 26 %) drop) (PP-LOC in (NP profit)) , (PP to (NP (QP $ 86.3 million) *U*))) , (PP-PRP (ADVP largely) as (NP (NP a result) (PP of (NP (NP (NP outages) (PP-LOC at (NP (NP the company 's) huge Palo Verde nuclear facility))) and (NP (NP the cost) (PP of (NP purchased replacement power)))))))) .)) (TOP (S (PP-LOC In (NP other operations)) , (NP-SBJ (NP losses) (PP-LOC at (NP MeraBank))) (VP totaled (NP (QP $ 85.7 million) *U*) (PP-TMP in (NP the latest quarter)) , (PP compared (PP with (NP a (ADJP (QP $ 2.5 million) *U*) profit) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ The latest quarter) (VP includes (NP (NP a (ADJP (QP $ 42.7 million) *U*) addition) (PP to (NP loan-loss reserves)))) .)) (TOP (S (ADVP-TMP (ADVP As recently) (PP as (NP August))) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ it) (VP did n't (VP foresee (NP (NP a need) (PP for (NP (NP substantial additions) (PP to (NP reserves)))))))))) .)) (TOP (S (NP-SBJ (NP (NP Pinnacle 's) SunCor Development Co . real-estate unit 's) loss) (VP narrowed (PP-DIR to (NP (QP $ 13.8 million) *U*)) (PP-DIR from (NP (QP $ 78.4 million) *U*))) .)) (TOP (S (NP-SBJ The latest period) (VP included (NP (NP a (ADJP (QP $ 9 million) *U*) write-down) (PP on (NP undeveloped land))) , (SBAR-ADV while (S (NP-SBJ the year-earlier period) (VP included (NP (NP a (ADJP (QP $ 46 million) *U*) reserve) (PP for (NP real-estate losses))))))) .)) (TOP (S (NP-SBJ (NP (NP Losses) (PP-LOC at (NP its Malapai Resources Co . uranium-mining unit)))) (VP narrowed (PP-DIR to (NP (QP $ 3.4 million) *U*)) (PP-DIR from (NP (NP (QP $ 18 million) *U*) (SBAR *ICH*-1)) (ADVP-TMP (NP a year) ago) , (SBAR-1 (WHNP-2 which) (S (NP-SBJ *T*-2) (VP included (NP (NP a (ADJP (QP $ 9 million) *U*) write-down) (PP of (NP utility inventories)))))))) .)) (TOP (S (NP-SBJ (NP Losses) (PP-LOC at (NP (NP El Dorado Investment Co.) , (NP the venture-capital operation) ,))) (VP widened (PP-DIR to (NP (QP $ 6.8 million) *U*)) (PP-DIR from (NP $ 425,000 *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ The latest quarter) (VP included (NP (NP a (ADJP (QP $ 6.6 million) *U*) write-down) (PP of (NP investments)))) .)) (TOP (S (NP-SBJ-2 Equitec Financial Group) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP ask (NP-1 (NP (QP as many as 100,000) investors) (PP-LOC in (NP (NP 12) (PP of (NP its public real-estate limited partnerships))))) (S (NP-SBJ *-1) (VP to (VP give (NP approval) (PP-DTV to (S-NOM (NP-SBJ *-2) (VP rolling (NP them) (PRT up) (PP-CLR into (NP a new master limited partnership))))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP the proposal) (PP by (NP (NP Equitec) , (NP a (ADJP financially troubled) real-estate syndicator) ,)))) (NP-SBJ (ADJP New York-based) Hallwood Group Inc.) (VP would (VP replace (NP Equitec) (PP-CLR as (NP (NP the (ADJP newly formed) master limited partnership 's) (NX (NX general partner) and (NX manager)))))) .)) (TOP (S (NP-SBJ (NP Shares) (PP of (NP the new partnership))) (VP would (VP trade (PP-LOC on (NP an exchange)) (PP-MNR like (NP a stock)))) .)) (TOP (S (NP-SBJ Hallwood) (VP is (NP-PRD (NP a merchant bank) (SBAR (WHNP-1 whose activities) (S (NP-SBJ *T*-1) (VP include (NP (NP the (NX (NX ownership) , (NX management) and (NX financial restructuring))) (PP of (NP (NP shopping centers) , (NP office buildings) , (NP apartments) and (NP other real estate))))))))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ Equitec Chairman Richard L. Saalfeld) (VP said (SBAR 0 (S (NP-SBJ the transfer) (VP will (VP benefit (NP both (NP the company) and (NP (NP investors) (PP-LOC in (NP (NP the 12 limited partnerships) (VP included (NP *) (PP-LOC-CLR in (NP the proposed rollup)))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ he) (VP did n't (VP describe (NP (NP the partnerships ') financial condition))))) , (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ-1 their operations) `` (VP continue (S (NP-SBJ *-1) (VP to (VP drain (NP (NP the resources) (PP of (NP Equitec)))))))))) . '')) (TOP (S (NP-SBJ Equitec) (VP posted (NP a (ADJP (QP $ 3.3 million) *U*) net loss) (PP-TMP in (NP the second quarter)) (PP on (NP (NP (QP $ 11.8 million) *U*) (PP of (NP revenue)))) , (PP compared (PP with (NP (NP a net loss) (PP of (NP (QP $ 12.9 million) *U*)) (PP-TMP in (NP the year-earlier period)) (PP on (NP (NP revenue) (PP of (NP (QP $ 9.1 million) *U*)))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ-1 Equitec) (VP closed (PP-CLR at (NP (NP $ 2.625 *U*) (NP-ADV a share))) , (S-ADV (NP-SBJ *-1) (ADJP-PRD unchanged))) .)) (TOP (S (PP-PRP Because of (NP (NP (NP Tuesday 's) earthquake) (PP-LOC in (NP Northern California)))) , (NP-SBJ-1 company officials) (VP could n't (ADVP-TMP immediately) (VP be (VP reached (NP *-1) (PP-PRP for (NP additional comment))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP Hallwood))) (VP said (SBAR 0 (S (NP-SBJ (NP the 12 limited partnerships) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP were (VP marketed (NP *-1) (PP-LGS by (NP (NP brokerage firms) and (NP financial planners))) (PP-TMP between (NP 1979 and 1984)))))) ,) (VP raised (NP (QP several hundred million) dollars) (PP-CLR from (NP investors)))))) .)) (TOP (S (S-TPC-1 (SBAR-ADV With (S (NP-SBJ airline deals) (PP-LOC-PRD in (NP a tailspin)))) , (NP-SBJ-2 legendary Wall Street trader Michael Steinhardt) (VP could (VP have (NP (NP trouble) (S-NOM (NP-SBJ *-2) (VP parachuting (PP-DIR out (PP of (NP USAir Group))))))))) , (NP-SBJ traders) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP-TMP (NP (QP Only a) week) ago) , (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ airline buy-out fever) (VP was (ADVP-TMP already) (VP winding (ADVP-CLR down) (ADVP-TMP *T*-3))))) , (NP-SBJ Mr. Steinhardt) (VP was (ADJP-PRD engaged (PP-LOC in (NP (NP a duel) (PP with (NP USAir)))))) .)) (TOP (S (NP-SBJ-1 He) (VP was (VP threatening (S (NP-SBJ *-1) (VP to (VP take (PRT over) (NP the carrier)))) , (PP-TMP after (S-NOM (NP-SBJ-2 *-1) (VP spending (NP an estimated (QP $ 167 million) *U*) (S-CLR (NP-SBJ *-2) (VP to (VP build (NP an (ADJP 8.4 %) USAir stake) (PP for (NP his investment clients)))))))))) .)) (TOP (S (NP-SBJ The would-be raider) (VP (ADVP even) hired (NP an investment banker) (S-PRP (NP-SBJ *) (VP to (VP give (NP teeth) (PP-DTV to (NP (NP his takeover threat) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP (ADVP widely) interpreted (NP *-1) (PP-CLR as (NP an effort (S (NP-SBJ *) (VP to (VP flush (PRT out) (NP (NP an acquirer) (PP (PP for (NP USAir)) , or (PP for (NP his own stake))))))))))))))))))) .)) (TOP (S (PP In (S-NOM (NP-SBJ *-1) (VP fighting (NP USAir)))) , (NP-SBJ-1 Mr. Steinhardt) (VP was (VP pitted (NP *-1) (PP-CLR against (NP (NP another investor) , (NP billionnaire Warren Buffett) , (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP bought (PP-CLR into (NP USAir)) (S-PRP (NP-SBJ-4 *-3) (VP to (VP help (S (NP-SBJ *-4) (VP fend (PRT off) (NP Mr. Steinhardt))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Buffett 's) firm) , (NP Berkshire Hathaway) ,) (VP holds (NP (NP a (ADJP much bigger) stake) (PP-LOC in (NP the carrier)) (PP than (NP (NP (NP Mr. Steinhardt 's) firm) , (NP Steinhardt Partners))))) .)) (TOP (S (ADVP-TMP Now) , (PP-TMP in (NP (NP the wake) (PP of (NP (NP (NP UAL 's) troubles) (PP in (S-NOM (NP-SBJ *) (VP financing (NP its buy-out)))))))) , (NP-SBJ-1 the airline raiding game) (VP has (VP been (VP grounded (NP *-1)))) .)) (TOP (S (PP Instead of (S-NOM (NP-SBJ-3 *-1) (VP hoping (S (NP-SBJ *-3) (VP to (VP sell (NP his USAir stake) (PP at (NP (NP (NP analysts ') estimated buy-out price) (PP of (NP (NP $ 80 *U*) (NP-ADV a share))))))))))) , (NP-SBJ-1 Mr. Steinhardt) (VP is (VP stuck (NP *-1) (PP-CLR with (NP (NP (QP roughly 3.7 million) USAir shares) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP (VP cost (NP him) (NP $ 45 *U*) , (PP on (NP average)) ,) but (VP (NP-TMP yesterday) closed (PP-CLR at (NP (QP 40 1))) , (ADVP up (NP 1)) , (PP-LOC in (NP New York Stock Exchange composite trading)))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP It) (S *EXP*-1)) (VP does n't (VP make (NP sense) (S-1 (NP-SBJ *) (VP to (VP parachute (ADVP-DIR out) (PP at (NP this price)))))))) , '' (NP-SBJ Mr. Steinhardt) (VP says (S *T*-2) , (SBAR-ADV though (S (NP-SBJ he) (VP (VP has (VP stopped (NP his takeover talk))) and (VP (ADVP-TMP now) commends (NP (NP USAir managers ') `` operating skills)))))) . '')) (TOP (S (PP At (NP the current price)) , (NP-SBJ the USAir holding) (VP represents (NP (NP 9 %) (PP of (NP (NP all the assets) (SBAR (WHNP-1 that) (S (NP-SBJ Mr. Steinhardt) (VP manages (NP *T*-1)))))))) .)) (TOP (S (ADVP-TMP (NP A week) ago) , (NP-SBJ USAir stock) (ADVP-TMP briefly) (VP soared (PP-DIR above (NP 52)) (PP-TMP after (NP (NP a report) (PP-LOC in (NP USA Today)) (SBAR that (S (NP-SBJ Mr. Steinhardt) (VP might (VP launch (NP (NP a hostile bid) (PP for (NP the carrier))))))))) , (SBAR-ADV though (S (NP-SBJ takeover speculators) (VP say (SBAR 0 (S (NP-SBJ they) (VP were (ADJP-PRD skeptical)))))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (S (NP-SBJ USAir) (VP is (ADJP-PRD worth (NP 80)) (PP as (NP a takeover)))) and (S (NP-SBJ the stock) (VP went (PP-DIR to (NP 52)))))) , (NP-SBJ the market) (VP was (VP saying (SBAR 0 (S (NP-SBJ (NP Steinhardt 's) presence) (VP was n't (ADJP-PRD worth (NP anything)) , (PP in (NP (NP terms) (PP of (S-NOM (NP-SBJ *) (VP getting (S (NP-SBJ a deal) (ADJP-PRD done))))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ a veteran takeover speculator) .)) (TOP (S (NP-SBJ Traders) (VP say (SBAR 0 (S (NP-SBJ-1 this) all (VP goes (S (NP-SBJ *-1) (VP to (VP show (SBAR that (S (NP-SBJ-2 even the smartest money manager) (VP can (VP get (S (NP-SBJ-3 *-2) (VP infected (NP *-3) (PP-CLR with (NP crowd passions))))))))))))))) .)) (TOP (S (PP In (S-NOM (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP raid (NP USAir))))))) , (NP-SBJ-1 Mr. Steinhardt) (VP (VP abandoned (NP (NP his usual role) (PP as (NP a passive investor)))) , and (VP ran (PP-DIR into (NP snags)))) .)) (TOP (S (ADVP Moreover) , (PP unlike (NP (NP Mr. Buffett) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP often) (VP holds (NP (NP big stakes) (PP-LOC in (NP companies))) (PP-TMP for (NP years))))))) , (NP-SBJ Mr. Steinhardt) (VP has n't (PP-TMP in (NP the past)) (VP done (NP much long-term investing))) .)) (TOP (S (NP-SBJ-4 (NP Mr. Steinhardt) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP (QP about $ 1.7 billion) *U*) (PP for (NP Steinhardt Partners))))) ,) (VP made (NP his name) (PP as (NP a gunslinging trader)) , (S-ADV (NP-SBJ-3 *-4) (VP moving (PP-DIR (PP in (NP *RNR*-2)) and (PP out (PP of (NP *RNR*-2))) (NP-2 stocks)) (PP-MNR with (NP agility)) -- (S-ADV (NP-SBJ *-3) (VP enriching (NP (NP himself) and (NP his investment clients))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP his big losses) (PRN , (PP for (NP instance)) (PP-TMP in (NP (NP 1987 's) crash)) ,)) (ADVP generally) (VP have (VP been (NP-PRD trading losses))) .)) (TOP (S So , (NP-SBJ some) (VP see (NP a special irony) (PP in (NP the fact (SBAR that (S (NP-SBJ-1 (NP Mr. Steinhardt) , (NP the trader) ,) (ADVP-TMP now) (VP is (VP encumbered (NP *-1) (PP-CLR with (NP a massive , illiquid airline holding))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ USAir stock) (VP might (VP lose (NP (QP four or five) points) (SBAR-ADV if (S (NP-SBJ-1 the Steinhardt stake) (VP was (VP dumped (NP *-1) (ADVP-TMP all at once)))))))))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ-1 Mr. Steinhardt) (VP must (VP reconcile (NP himself) (PP-CLR (PP to (S-NOM (NP-SBJ *-1) (VP selling (NP USAir) (PP at (NP a loss))))) , or (PP to (S-NOM (NP-SBJ *-1) (VP holding (NP the shares) (PP as (NP an old-fashioned investment)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-ADV Long-term investing) -- (NP-SBJ that) (VP 's not (NP-PRD (NP Steinhardt 's) style))) , '' (VP chuckles (S *T*-2)) (NP-SBJ (NP an investor) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP once) (VP worked (PP-LOC-CLR at (NP Steinhardt Partners)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ He) (VP does n't (ADVP-TMP usually) (VP risk (NP that much) (SBAR-ADV unless (S (NP-SBJ he) (VP thinks (SBAR 0 (S (NP-SBJ he) (VP has (NP an ace) (PP-LOC-CLR in (NP the hole))))))))))) , '' (VP adds (S *T*-1)) (NP-SBJ another Steinhardt Partners alumnus) .)) (TOP (S (PP-TMP In (NP recent days)) , (NP-SBJ traders) (VP say (SBAR 0 (S (NP-SBJ USAir) (VP has (VP been (VP buying (NP its own shares) , (PP as (NP (NP part) (PP of (NP a program (S (NP-SBJ *) (VP to (VP retire (NP (QP about eight million) USAir shares))))))))))))) , (SBAR-ADV though (S (NP-SBJ the carrier) (VP wo n't (VP discuss (NP its buy-back program)))))) .)) (TOP (SINV (S-TPC-1 (SBAR-ADV If (S (NP-SBJ USAir) (VP stepped (PRT up) (NP its share purchases)))) , (NP-SBJ that) (VP might (VP be (NP-PRD (NP a way) (SBAR (WHADVP-2 0) for (S (NP-SBJ Mr. Steinhardt) (VP to (VP get (ADVP-CLR out) (ADVP-MNR *T*-2))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Timothy Pettee) , (NP a Merrill Lynch analyst)) .)) (TOP (S (S-TPC-2 But (NP-SBJ-1 USAir) (VP might not (VP want (S (NP-SBJ *-1) (VP to (VP help (NP Mr. Steinhardt))))))) , (NP-SBJ he) (VP adds (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-TMP In (NP 1987)) , (NP-SBJ USAir Chairman Edwin Colodny) (VP stonewalled (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 Trans World Airlines Chairman Carl Icahn) (VP threatened (S (NP-SBJ *-1) (VP to (VP take (PRT over) (NP the carrier) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (NP-SBJ (NP Mr. Icahn) , (NP (NP a (ADJP (ADVP much more) practiced) raider) (PP than (NP Mr. Steinhardt))) ,) (ADVP-TMP eventually) (VP sold (NP a big USAir stake) (PP at (NP a tiny profit)) (PP through (NP Bear , Stearns))) .)) (TOP (S (NP-SBJ Mr. Steinhardt) (ADVP also) (VP could (VP take (NP that route))) .)) (TOP (S (NP-SBJ He) (VP confers (NP big trading commissions) (PP-LOC on (NP Wall Street firms))) .)) (TOP (S (S-TPC-1 (ADVP However) , (PP with (S-NOM (NP-SBJ airline stocks) (VP cratering))) , (NP-SBJ he) (VP might not (VP get (NP a (ADJP very good) price) (PP for (NP his shares))))) , (NP-SBJ traders) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (SINV-1 (ADJP-PRD-TPC-2 Especially galling (PP for (NP Mr. Steinhardt))) (PRN , (SINV (VP say (SBAR 0 (SINV *T*-1))) (NP-SBJ (NP people) (ADJP close (PP to (NP him))))) ,) (VP is (ADJP-PRD *T*-2)) (SBAR-SBJ that (S (NP-SBJ (NP USAir 's) Mr. Colodny) (VP wo n't (ADVP even) (VP take (NP his telephone calls))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ USAir) (VP is n't (VP considered (ADJP absolutely takeover-proof))))) , (NP-SBJ (NP its defenses) , (PP including (NP (NP the sale) (PP-TMP in (NP August)) (PP of (NP (NP a (ADJP 12 %) stake) (PP-LOC in (NP the company)))) (PP to (NP (NP Mr. Buffett 's) Berkshire Hathaway)))) ,) (VP are (ADJP-PRD pretty strong)) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP USAir 's) deal) (PP with (NP Mr. Buffett))) `` (VP was n't (ADVP exactly) (NP-PRD (NP a shining example) (PP of (NP shareholder democracy))))) , '' (NP-SBJ Mr. Steinhardt) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP Since (NP last April)) , (NP-SBJ the investor) (VP has (VP made (NP (NP seven so-called 13D filings) (PP-LOC in (NP USAir))) , (SBAR-TMP as (S (NP-SBJ he) (VP bought and sold (NP (NP the company 's) stock)))))) .)) (TOP (S (NP-SBJ-1 (NP Such disclosures) (PP of (NP big holdings))) (ADVP-TMP often) (VP are (VP used (NP *-1) (PP by (NP-LGS-3 raiders)) (S-CLR (NP-SBJ-2 *-3) (VP (VP to (VP try (S (NP-SBJ *-2) (VP to (VP scare (NP (NP a company 's) managers)))))) , and (VP to (VP stir (NP (NP interest) (PP in (NP the stock))))))))) .)) (TOP (S But (PP of (NP course)) (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP would (VP be (ADJP-PRD highly unusual) (SBAR-1 for (S (NP-SBJ (NP an investment fund) (PP such as (NP Steinhardt Partners))) (VP to (VP take (PRT over) (NP a company))))))) .)) (TOP (S (NP-SBJ (NP USAir) and (NP Mr. Buffett)) (VP wo n't (VP talk (PP-CLR about (NP Mr. Steinhardt)) (ADVP at all))) .)) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ USAir) (VP has (NP great promise))))) .)) (TOP (SINV (S-TPC-1 (PP-TMP By (NP (NP the second half) (PP of (NP 1990)))) , (NP-SBJ USAir stock) (VP could (VP hit (NP 60)))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Helane Becker) (PP of (NP Shearson Lehman Hutton))) .)) (TOP (S (NP-SBJ She) (VP thinks (SBAR 0 (S (NP-SBJ traders) (VP should (VP buy (NP the stock) (SBAR-ADV if (S (NP-SBJ it) (VP tumbles (PP-DIR to (NP 35)))))))))) .)) (TOP (S But (ADVP-TMP meanwhile) , (NP-SBJ-2 USAir) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP show (NP (NP losses) or (NP lackluster profit)) (PP-TMP for (NP several quarters)) (SBAR-TMP as (S (NP-SBJ-3 it) (VP tries (S (NP-SBJ *-3) (VP to (VP digest (NP (NP Piedmont Airlines) , (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP acquired (NP *T*-1)))))))))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ some investors) (VP think (SBAR 0 (S (NP-SBJ (NP a recession) or (NP renewed airfare wars)) (VP will (VP pummel (NP airline stocks) (PP-TMP in (NP coming months))))))) .)) (TOP (S (ADVP However) , (NP-SBJ Mr. Steinhardt) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP 's `` (ADJP-PRD comfortable) (S-ADV (NP-SBJ *-1) (VP holding (NP USAir) (PP-CLR as (NP an investment)))))))) . '')) (TOP (S (SBAR-ADV While (S (NP-SBJ he) (VP has (VP bought and sold (NP some USAir shares) (PP-TMP in (NP recent days)))))) , (NP-SBJ he) (VP says (SBAR that (S (ADVP contrary (PP to (NP rumors))) , (NP-SBJ-1 he) (VP has n't (VP tried (S (NP-SBJ *-1) (VP to (VP unload (NP his holding))))))))) .)) (TOP (S (NP-SBJ Mr. Steinhardt) (VP adds (SBAR that (S (NP-SBJ he) (VP bought (NP USAir stock) (NP-TMP earlier this year) (PP as `` (NP (NP part) (PP of (NP (NP a fundamental investment) (PP in (NP the airline group)))))))))) . '')) (TOP (S (PP-TMP In (NP 1989)) , (NP-SBJ Mr. Steinhardt) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP made (NP money) (S-ADV (NP-SBJ *-1) (VP trading (PP in (NP (NP Texas Air) , (NP AMR) and (NP UAL))))))))) .)) (TOP (S (S-TPC-1 (ADVP Overall) , (NP-SBJ his investments) (ADVP-TMP so far) (NP-TMP this year) (VP are (VP showing (NP (NP gains) (PP of (NP (QP about 20) %)))))) , (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1))) .)) (TOP (SQ Does (NP-SBJ Mr. Steinhardt) (VP regret (NP (NP his incursion) (PP into (NP the takeover-threat game)))) ?)) (TOP (S (NP-SBJ (NP People) (ADJP close (PP to (NP the investor)))) (VP say (SBAR 0 (S (NP-SBJ that) (VP was (NP-PRD (NP an experiment) (SBAR (WHNP-1 0) (S (NP-SBJ-2 he) (VP is (ADJP-PRD unlikely (S (NP-SBJ *-2) (VP to (VP repeat (NP *T*-1))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ you) (VP 'll (VP find (SBAR 0 (S (NP-SBJ I) (VP 'm (VP making (NP (NP a radical change) (PP-LOC in (NP my traditional investment style)))))))))))))) , '' (NP-SBJ Mr. Steinhardt) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Addington Resources Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP called (PP-CLR for (NP redemption)) (PP-TMP on (NP Nov. 21)) (NP (NP its (QP $ 25.8 million) *U*) (ADJP outstanding) (PP of (NP (NP (ADJP 8 %) convertible subordinated debentures) (ADJP due (NP-TMP 2013))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The debentures) (VP were (VP issued (NP *-1) (PP in (NP (NP the face amount) (PP of (NP (QP $ 46 million) *U*)))) (PP-TMP on (NP July 11 , 1988))))) , (NP-SBJ the (NAC-LOC Ashland , Ky. ,) coal mining , water transportation and construction company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 the redemption) (VP is (VP permitted (NP *-1) (SBAR-PRP because (S (NP-SBJ (NP the price) (PP of (NP (NP Addington 's) stock))) (VP has (VP equaled or exceeded (NP $ 19.60 *U*) (PP-TMP for (NP 20 consecutive trading days)) , (NP-ADV (NP a condition) (VP set (NP *) (PP-LOC in (NP (NP the terms) (PP of (NP the debentures))))))))))))))) .)) (TOP (S (NP-SBJ-1 Debenture holders) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP convert (NP (NP most) (PP of (NP the debentures))) (PP-CLR into (NP common)) (SBAR-PRP because (S (NP-SBJ (NP the value) (PP of (NP (NP the stock) (VP received (NP *) (PP-LOC in (NP a conversion)))))) (VP would (VP exceed (NP the (ADJP $ 1,103.11 *U*) redemption price)))))))))) .)) (TOP (S (NP-SBJ Commodore International Ltd.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP report (NP a loss) (PP for (NP (NP the first quarter) (VP ended (NP-TMP Sept. 30)))) (SBAR-PRP because (S (NP-SBJ (NP sales) (PP of (NP (NP personal computers) (PP for (NP the home market))))) (VP remained (ADJP-PRD weak) (PP-LOC in (NP some major countries)))))))))) .)) (TOP (S (NP-SBJ That) (VP (VP will (VP mark (NP (NP the second consecutive quarterly loss) (PP for (NP Commodore))))) and (VP will (VP raise (NP (NP additional questions) (PP about (SBAR whether (S (NP-SBJ it) (VP can (VP sustain (NP (NP the turnaround) (SBAR (WHNP-1 0) (S (NP-SBJ-2 it) (VP had (VP seemed (S (NP-SBJ *-2) (VP to (VP be (VP engineering (NP *T*-1))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Commodore) , (NP-LOC (NP West Chester) , (NP Pa.) ,)) (VP had (VP said (PP-TMP in (NP August)) (SBAR that (S (NP-SBJ-1 it) (VP (VP was (VP consolidating (NP manufacturing) (S-PRP (NP-SBJ *-1) (VP to (VP cut (NP costs)))))) and (VP expected (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD profitable) (PP-TMP in (NP the fiscal first quarter))))))))))) .)) (TOP (S (NP-SBJ Commodore) (VP said (SBAR (SBAR that (S (NP-SBJ-1 its announcement) (VP is (VP based (NP *-1) (PP-LOC-CLR on (NP preliminary information)))))) and (SBAR that (S (NP-SBJ the situation) (VP could (VP look (ADJP-PRD different) (PP-TMP by (NP (NP the time) (SBAR (WHADVP-3 0) (S (NP-SBJ-2 final results) (VP are (VP announced (NP *-2) (NP-TMP early next month) (ADVP-TMP *T*-3))))))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ (NP Commodore 's) fiscal fourth-quarter loss) (VP was (ADJP-PRD (ADJP (NP (QP $ 2 million) *U*) narrower) (SBAR than (S (NP-SBJ Commodore) (VP had (VP expected (S *?*)))))) (SBAR-TMP (NP a few weeks) after (S (NP-SBJ the quarter) (VP closed)))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP even results) (VP approaching (NP break-even))) (VP would (VP mark (NP a sharp weakening) (PP compared (PP with (NP (NP fiscal 1989 first-quarter earnings) (PP of (NP (NP (QP $ 9.6 million) *U*) , or (NP (NP 30 cents) (NP-ADV a share)))) , (PP on (NP (NP sales) (PP of (NP (QP $ 200.2 million) *U*))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Reflecting (NP (NP concerns) (PP about (NP (NP Commodore 's) outlook))))) , (NP-SBJ-1 its stock) (VP has (VP plunged (NP-EXT (QP more than 50) %) (PP-TMP since (NP May)) , (S-ADV (NP-SBJ-2 *-1) (VP closing (NP-TMP yesterday) (S-ADV (NP-SBJ *-2) (ADJP-PRD unchanged)) (PP at (NP (NP $ 8.875 *U*) (NP-ADV a share))) (PP-LOC in (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange)))))) .)) (TOP (S (NP-SBJ-1 The price) (VP can (VP be (VP expected (S (NP-SBJ *-1) (VP to (VP erode (ADVP further)))) , (SBAR-PRP because (S (NP-SBJ the loss estimate) (VP came (SBAR-TMP after (S (NP-SBJ the market) (VP closed))))))))) .)) (TOP (S (NP-SBJ-1 Commodore) (VP has (VP seemed (S (NP-SBJ *-1) (VP to (VP be (VP setting (NP the stage) (ADVP-TMP recently) (PP for (NP (NP progress) (PP-LOC in (NP (NP the U.S.) , (SBAR (WHADVP-3 where) (S (NP-SBJ its personal-computer sales) (VP have (VP been (ADJP-PRD (ADJP so dismal) (SBAR *ICH*-2)) (PP-TMP for (NP years)) (SBAR-2 that (S (NP-SBJ-4 Commodore) (VP is (ADJP-PRD close (PP to (S-NOM (NP-SBJ *-4) (VP dropping (PRT off) (NP (NP research firms ') market-share charts)))))))) (ADVP-LOC *T*-3))))))))))))))) .)) (TOP (S (S (NP-SBJ Commodore) (VP has (VP assembled (NP an experienced management team)))) , (S (NP-SBJ it) (VP has (VP persuaded (NP-1 many more dealers) (S (NP-SBJ *-1) (VP to (VP carry (NP its products))))))) and (S (NP-SBJ it) (VP has (VP unleashed (NP a slick advertising campaign)))) .)) (TOP (S But (NP-SBJ those) (VP represent (NP (NP long-term strategies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP probably) (VP wo n't (VP succeed (ADVP-MNR quickly) , (SBAR-ADV even if (S (NP-SBJ-2 they) (VP turn (ADVP-CLR out) (S (NP-SBJ *-2) (VP to (VP be (NP-PRD the right ones))))))))))))) .)) (TOP (S (PP-TMP In (NP the meantime)) , (NP-SBJ the strategies) (VP will (VP increase (NP expenses))) .)) (TOP (S (NP-SBJ-4 Commodore) (VP had (VP been (VP counting (PP-CLR on (NP-2 its consumer business)) (S-CLR (NP-SBJ *-2) (VP to (VP stay (ADJP-PRD sufficiently healthy (S (NP-SBJ *) (VP to (VP support (NP (NP its efforts) (PP-LOC (PP in (NP other areas)) -- (PP (ADVP mainly) in (S-NOM (NP-SBJ *-4) (VP getting (S (NP-SBJ schools and businesses) (VP to (VP use (NP (NP its Amiga) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP (VP has (NP slick graphics)) yet (VP has (VP been (ADJP-PRD slow (S (NP-SBJ *-3) (VP to (VP catch (PRT on))))) (SBAR-PRP because (S (NP-SBJ it) (VP is n't (ADJP-PRD compatible (PP with (NP Apple Computer Inc. or International Business Machines Corp. hardware)))))))))))))))))))))))))))))) .)) (TOP (S But (NP-SBJ (NP sales) (PP to (NP consumers))) (VP have (VP become (ADJP-PRD difficult) (PP-TMP during (NP the past several months)) , (PP-LOC (ADVP even) in (NP (NP West Germany) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (PP by (ADVP far)) (NP-PRD (NP Commodore 's) strongest market))))))))) .)) (TOP (S (NP-SBJ-1 (NP The Commodore 64 and 128) , (VP (ADVP mainly) used (NP *) (PP for (NP (NP children 's) (NX (NX educational software) and (NX games))))) ,) (VP had (VP surprised (NP market researchers) (PP-MNR by (S-NOM (NP-SBJ-2 *-1) (VP continuing (S (NP-SBJ *-2) (VP to (VP produce (NP strong sales) (SBAR-ADV even though (S (NP-SBJ other low-profit personal computers) (ADVP-TMP now) (VP (VP operate (ADVP-MNR (NP several times) as fast)) and (VP have (NP (ADJP much more) memory))))))))))))) .)) (TOP (S (S (NP-SBJ Commodore) (VP has (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ sales) (VP to (VP rebound))))))))) , but (S (NP-SBJ market researchers) (VP have (VP said (SBAR that (S (NP-SBJ (NP sales) (PP of (NP the low-end products))) (VP may (ADVP finally) (VP be (VP trailing (ADVP-CLR off))))))))) .)) (TOP (S (NP-SBJ-1 Stock prices) (VP closed (S-ADV (NP-SBJ *-1) (ADJP-PRD slightly higher)) (PP-TMP in (NP (NP the first routine trading day) (PP-TMP since (NP (NP Friday 's) big plunge))))) .)) (TOP (S (NP-SBJ-1 Some issues) (VP were (VP affected (NP *-1) (PP by (NP-LGS (NP (NP Tuesday 's) devastating earthquake) (PP-LOC in (NP the San Francisco area)))))) .)) (TOP (S (NP-SBJ-1 Activity) (VP continued (S (NP-SBJ *-1) (VP to (VP slow (PP-CLR from (NP (NP the hectic pace) (VP set (NP *) (PP-TMP during (NP (NP (NP (NP the market 's) plunge) (NP-TMP late Friday)) and (NP (NP its rebound) (NP-TMP Monday))))))) , (SBAR-TMP as (S (NP-SBJ-2 players) (VP began (S (NP-SBJ *-2) (VP to (VP set (NP their sights) (PP-LOC-CLR on (NP (NP events) (VP coming (NP-TMP later this week)))))))))))))) .)) (TOP (S (NP-SBJ-1 The Dow Jones Industrial Average) (VP drifted (PP-DIR through (NP the session)) (PP within (NP (NP a trading range) (PP of (NP (QP about 30) points)))) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP closing (PP with (NP (NP a gain) (PP of (NP 4.92)))) (PP at (NP 2643.65)))))) .)) (TOP (S (NP-SBJ Broader averages) (ADVP also) (VP posted (NP modest gains)) .)) (TOP (S (S (NP-SBJ (NP Standard & Poor 's) 500-Stock Index) (VP rose (NP-EXT 0.60) (PP-DIR to (NP 341.76)))) , (S (NP-SBJ the Dow Jones Equity Market Index) (VP rose (NP-EXT 0.71) (PP-DIR to (NP 320.54)))) and (S (NP-SBJ the New York Stock Exchange Composite Index) (VP gained (NP 0.43) (PP-DIR to (NP 189.32)))) .)) (TOP (S (NP-SBJ (QP Some 822) New York Stock Exchange issues) (VP advanced (PP in (NP price)) , (SBAR-ADV while (S (NP-SBJ 668) (VP declined)))) .)) (TOP (S But (NP-SBJ the Dow Jones Transportation Average) (VP went (ADVP-DIR down) (PP for (NP the seventh consecutive session)) , (PP-PRP due (ADVP largely) (PP to (NP (NP further selling) (PP-LOC in (NP UAL)))))) .)) (TOP (S (NP-SBJ The average) (VP (VP dropped (NP 6.40) (PP-DIR to (NP 1247.87))) and (VP has (ADVP-TMP now) (VP lost (NP (NP 21.7 %) (PP of (NP its value))) (SBAR-TMP since (S (NP-SBJ the losing streak) (VP began (NP-TMP Oct. 10))))))) .)) (TOP (S (NP-SBJ Big Board volume) (VP dropped (PP-DIR to (NP 166,900,000 shares)) , (PP in (NP (NP line) (PP with (NP (NP the level) (PP of (NP trading)) (PP-TMP over (NP the past few weeks)))))) , (PP-DIR from (NP 224.1 million) (NP-TMP Tuesday))) .)) (TOP (S (NP-SBJ Traders) (VP cited (NP (NP (NP anticipation) (PP of (NP (NP the consumer price report) (PP for (NP September)) , (ADJP due (NP-TMP today))))) , and (NP (NP (NP tomorrow 's) expiration) (PP of (NP October stock-index futures and options)))) (PP-CLR as (NP (NP major factors) (PP-LOC in (NP the slowdown))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-1 (NP activity) (PP-LOC at (NP (NP a number) (PP of (NP (ADJP San Francisco-based) brokerage houses))))) (VP was (VP curtailed (NP *-1) (PP-PRP as (NP (NP a result) (PP of (NP (NP the earthquake) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP knocked (PRT out) (NP (NP power lines) and (NP telephone service)) (PP-LOC throughout (NP the Bay area))))))))))) .)) (TOP (S (NP-SBJ Stocks) (VP (VP retreated (PP-DIR to (NP session lows)) (PP-TMP (ADVP just) after (NP the opening)) (PP-LOC amid (NP (NP worries) (PP about (NP (NP the market impact) (PP of (NP the quake))))))) , but (VP (ADVP-MNR quickly) snapped (ADVP-CLR back) (PP-DIR to (NP higher levels)) (PP with (NP (NP the help) (PP of (NP futures-related program buying)))))) .)) (TOP (S (S (NP-SBJ The early move) (ADVP essentially) (VP established (NP (NP the day 's) trading range))) , and (S (NP-SBJ traders) (VP said (SBAR 0 (S (NP-SBJ they) (VP saw (NP (NP little) (PP of (NP (NP the program activity) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP battered (NP the market) (ADVP-TMP recently))))))))))))) .)) (TOP (S `` (NP-SBJ I) (VP did n't (VP expect (S (NP-SBJ it) (VP to (VP be (NP-PRD this quiet)))))) .)) (TOP (SINV (S-TPC-4 (NP-SBJ-3 I) (VP expected (S (NP-SBJ *-3) (VP to (VP see (NP more volatility) (SBAR-TMP as (S (NP-SBJ (NP some) (PP of (NP (NP the institutions) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP were (VP spooked (NP *-1) (NP-TMP last Friday)))))))) (VP did (NP some selling))))))))) , '' (VP said (S *T*-4)) (NP-SBJ (NP Raymond F. DeVoe) , (NP (NP a market strategist) (PP-LOC at (NP (NP Legg Mason Wood Walker) , (NP-LOC Baltimore))))) .)) (TOP (S (NP-SBJ Mr. DeVoe) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ prices) (VP to (VP show (NP some renewed instability) (PP-TMP over (NP the next few sessions)) (SBAR-TMP as (S (NP-SBJ institutions) (VP re-evaluate (NP (NP their stance) (PP toward (NP the market))) (PP in (NP (NP light) (PP of (NP its decline)))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP would (VP suspect (SBAR that (S (NP-SBJ (NP a lot) (PP of (NP investment committees))) (VP are (VP looking (PP-CLR into (SBAR whether (S -LRB- (NP-SBJ-1 they) -RRB- (VP want (S (NP-SBJ *-1) (VP to (VP be (PP-LOC-PRD in (NP stocks)) (ADVP at all))))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ-1 Insurance stocks) (VP were (VP sold (NP *-1) (PP-LOC at (NP the opening)) (PP-LOC amid (NP (NP concerns) (PP about (NP (NP the level) (PP of (NP (NP damage claims) (SBAR (WHNP-2 0) (S (NP-SBJ the companies) (VP would (VP receive (NP *T*-2) (PP-PRP as (NP (NP a result) (PP of (NP the earthquake)))))))))))))))) .)) (TOP (S But (NP-SBJ those issues) (VP (VP recovered (ADVP-MNR quickly)) and (VP turned (ADJP-PRD higher)) (PP-PRP because of (NP expectations (SBAR that (S (NP-SBJ (NP the quake) and (NP the recent Hurricane Hugo)) (VP would (VP set (NP the stage) (PP for (NP (NP an increase) (PP-LOC in (NP premium rates))))))))))) .)) (TOP (S (NP-SBJ (NP Issues) (PP of (NP insurance brokers))) (VP were (ADJP-PRD especially strong)) .)) (TOP (S (S (NP-SBJ Marsh & McLennan) (VP advanced (NP-EXT (QP 3 1/8)) (PP-DIR to (NP (QP 75 7/8))))) , (S (NP-SBJ Alexander & Alexander Services) (VP climbed (NP-EXT 2) (PP-DIR to (NP 32)))) and (S (NP-SBJ Corroon & Black) (VP firmed (NP-EXT (QP 1 7/8)) (PP-DIR to (NP (QP 37 1/2))))) .)) (TOP (S (PP-LOC (ADVP Elsewhere) in (NP the group)) , (S (NP-SBJ General Re) (VP rose (NP-EXT (QP 2 3/4)) (PP-DIR to (NP (QP 86 1/2))))) , (S (NP-SBJ American International Group) (VP gained (NP (QP 3 1/4)) (PP-DIR to (NP (QP 102 5/8))))) , (S (NP-SBJ Aetna Life & Casualty) (VP added (NP (QP 2 3/8)) (PP-DIR to (NP (QP 59 1/2))))) and (S (NP-SBJ Cigna) (VP advanced (NP-EXT 7/8) (PP-DIR to (NP (QP 62 1/2))))) .)) (TOP (S (NP-SBJ (NP Loews) , (NP (NP the parent) (PP of (NP CNA Financial))) ,) (VP rose (NP-EXT (QP 1 3/8)) (PP-DIR to (NP (QP 123 1/8)))) .)) (TOP (S (NP-SBJ (NP Companies) (PP-LOC in (NP the (UCP construction , engineering and building-products) sectors))) (VP were (PP-LOC-PRD among (NP (NP other beneficiaries) (PP of (NP earthquake-related buying))))) .)) (TOP (S (S (NP-SBJ The heavy-construction sector) (VP was (NP-PRD (NP the session 's) best performer) (PP-LOC among (NP Dow Jones industry groups)))) ; (S (S (NP-SBJ Fluor) (VP rose (NP-EXT 3/4) (PP-DIR to (NP (QP 33 3/8))))) , (S (NP-SBJ Morrison Knudsen) (VP gained (NP (QP 2 1/4)) (PP-DIR to (NP (QP 44 1/8))))) , (S (NP-SBJ Foster Wheeler) (VP added (NP 3/8) (PP-DIR to (NP (QP 18 1/4))))) and (S (NP-SBJ Ameron) (VP climbed (NP-EXT (QP 2 3/8)) (PP-DIR to (NP (QP 39 3/4)))))) .)) (TOP (S (PP-LOC Among (NP engineering firms)) , (S (NP-SBJ CRS Sirrine) (VP rose (NP-EXT 5/8) (PP-DIR to (NP (QP 34 1/4))) (PP-LOC on (NP the Big Board)))) and (S (NP-SBJ four others) (VP rallied (PP-LOC on (NP the American Stock Exchange)) : (NP (NP (NP Jacobs Engineering Group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP gained (NP (QP 1 1/8)) (PP-DIR to (NP (QP 25 3/8)))))) ,) (NP (NP Greiner Engineering) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP rose (NP-EXT (QP 3 1/2)) (PP-DIR to (NP (QP 22 1/2))))))) ; (NP (NP Michael Baker) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP added (NP (QP 1 1/4)) (PP-DIR to (NP (QP 15 1/4)))))) ,) and (NP (NP American Science & Engineering) , (ADVP up (NP 1/2) (PP to (NP (QP 8 1/2)))))))) .)) (TOP (S (PP-LOC Within (NP the building-materials group)) , (S (NP-SBJ Georgia-Pacific) (VP climbed (NP-EXT (QP 1 1/4)) (PP-DIR to (NP 58)))) and (S (NP-SBJ Louisiana-Pacific) (VP added (NP 1) (PP-DIR to (NP (QP 40 3/4))) (SBAR-TMP after (S (NP-SBJ Merrill Lynch) (VP recommended (NP the forest-products issues)))))) .)) (TOP (S (S (NP-SBJ CalMat) (VP advanced (NP-EXT (QP 2 3/4)) (PP-DIR to (NP (QP 28 3/4))))) , (S (NP-SBJ Lone Star Industries) (VP gained (NP (QP 1 3/4)) (PP-DIR to (NP (QP 29 1/4))))) , (S (NP-SBJ Lafarge) (VP rose (NP-EXT 1) (PP-DIR to (NP (QP 19 1/2))))) , (S (NP-SBJ Southdown) (VP added (NP 5/8) (PP-DIR to (NP (QP 24 5/8))))) and (S (NP-SBJ Eljer Industries) (VP rose (NP-EXT (QP 1 1/4)) (PP-DIR to (NP (QP 24 7/8))))) .)) (TOP (S (S (NP-SBJ Pacific Gas & Electric) (VP fell (NP-EXT 3/8) (PP-DIR to (NP (QP 19 5/8))) (PP-LOC in (NP (NP Big Board composite trading) (PP of (NP (QP 1.7 million) shares)))))) and (S (NP-SBJ Pacific Telesis Group) (VP slipped (NP-EXT 5/8) (PP-DIR to (NP (QP 44 5/8))) (SBAR-TMP as (S (NP-SBJ-1 the companies) (VP worked (S (NP-SBJ *-1) (VP to (VP restore (NP service) (PP-CLR to (NP (NP areas) (VP affected (NP *) (PP by (NP-LGS the quake))))))))))))) .)) (TOP (S (NP-SBJ Chevron) (VP added (NP 1) (PP-DIR to (NP 65))) .)) (TOP (S (NP-SBJ (NP The company) , (VP based (NP *) (PP-LOC-CLR in (NP San Francisco))) ,) (VP (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP had (S (NP-SBJ *-1) (VP to (VP shut (PRT down) (NP (NP a crude-oil pipeline) (PP-LOC in (NP the Bay area)))))) (S-PRP (NP-SBJ *-1) (VP to (VP check (PP-CLR for (NP leaks))))))))) but (VP added (SBAR that (S (NP-SBJ (NP its refinery) (PP-LOC in (NP nearby (NAC Richmond , Calif.) ,))) (VP was (ADJP-PRD undamaged)))))) .)) (TOP (S (NP-SBJ (NP Other companies) (VP based (NP *) (PP-LOC-CLR in (NP the area)))) (VP include (NP (NP (NP Hewlett-Packard) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP rose (NP-EXT 1/4) (PP-DIR to (NP 49)))))) ; (NP (NP National Semiconductor) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP went (ADVP-DIR up (NP 1/4)) (PP-DIR to (NP (QP 7 5/8)))))) ,) and (NP (NP Genentech) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP eased (NP-EXT 1/4) (PP-DIR to (NP (QP 19 5/8))))))))) .)) (TOP (S (NP-SBJ (NP None) (PP of (NP the firms))) (VP reported (NP (NP any major damage) (PP to (NP facilities)) (PP-PRP as (NP (NP a result) (PP of (NP the quake)))))) .)) (TOP (S (S (S (NP-SBJ BankAmerica) (VP eased (NP-EXT 1/2) (PP-DIR to (NP (QP 31 7/8))))) and (S (NP-SBJ Wells Fargo) (VP lost (NP 1/2) (PP-DIR to (NP (QP 81 1/2)))))) ; (S (NP-SBJ-1 (NP the two bank holding companies) , (VP based (NP *) (PP-LOC-CLR in (NP San Francisco))) ,) (VP were (VP forced (S (NP-SBJ *-1) (VP to (VP curtail (NP some operations)))) (ADVP-PRP due (PP to (NP the temblor)))))) .)) (TOP (S (PP-LOC Among (NP California savings-and-loan stocks)) , (S (NP-SBJ H.F. Ahmanson) (VP eased (NP-EXT 3/8) (PP-DIR to (NP (QP 22 1/4))))) , (S (NP-SBJ CalFed) (VP slid (NP-EXT 3/4) (PP-DIR to (NP (QP 24 1/8))))) , (S (NP-SBJ Great Western Financial) (VP dropped (NP 1/2) (PP-DIR to (NP (QP 21 1/4))))) and (S (NP-SBJ Golden West Financial) (VP fell (NP-EXT 5/8) (PP-DIR to (NP (QP 29 1/4))))) .)) (TOP (S (NP-SBJ-1 (NP UAL) , (NP (NP the parent company) (PP of (NP United Airlines))) ,) (VP swung (PP-LOC within (NP a 14-point range)) (PP-TMP during (NP (NP the course) (PP of (NP the session)))) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP closing (PP-CLR at (NP (QP 191 3/4))) , (ADVP down (NP (QP 6 1/4))) , (PP on (NP (QP 2.3 million) shares)))))) .)) (TOP (S (NP-SBJ (NP British Airways) , (NP (NP a member) (PP of (NP (NP the group) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (VP offered (NP (NP $ 300 *U*) (NP-ADV a share)) (PP-CLR for (NP UAL)) (PP-LOC in (NP a leveraged buy-out))))))))) ,) (VP said (SBAR 0 (S (S (NP-SBJ-2 it) (VP had (ADVP-TMP yet) (S (NP-SBJ *-2) (VP to (VP receive (NP a revised proposal)))))) and (S (NP-SBJ-3 it) (VP was `` (PP in (NP no way)) (VP committed (NP *-3) '' (PP-CLR to (NP (NP the completion) (PP of (NP a bid)))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ investor Marvin Davis) (VP withdrew (NP his backup (ADJP $ 300-a-share *U*) takeover offer)) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ UAL) (VP faltered))) , (NP-SBJ-1 (NP AMR) , (NP (NP the parent) (PP of (NP American Airlines))) ,) (VP pulled (PP-DIR out (PP of (NP its recent nosedive))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP rising (NP-EXT 3/4) (PP-DIR to (NP 74)))))) .)) (TOP (S (S (NP-SBJ The stock) (VP had (VP been (PP-PRD on (NP the decline)) (SBAR-TMP since (S (NP-SBJ (NP the financing) (PP for (NP the UAL buy-out))) (VP fell (ADVP-CLR through) (PP-TMP on (NP Friday)))))))) and (S (NP-SBJ developer Donald Trump) (ADVP-TMP subsequently) (VP withdrew (NP (NP a takeover offer) (PP of (NP (NP $ 120 *U*) (NP-ADV a share))) (PP for (NP AMR))))) .)) (TOP (S (S (ADVP Also) , (NP-SBJ AMR) (VP was (NP-PRD the (ADJP most active) Big Board issue))) ; (S (NP-SBJ (QP 2.8 million) shares) (VP changed (NP hands))) .)) (TOP (S (NP-SBJ GTE) (VP added (NP (QP 1 1/4)) (PP-DIR to (NP (QP 65 3/8)))) .)) (TOP (S (NP-SBJ PaineWebber) (VP (VP repeated (NP (NP a buy recommendation) (PP-LOC on (NP the stock)))) and (VP raised (NP its 1990 earnings estimate) (PP-EXT by (NP (NP 35 cents) (NP-ADV a share))) , (PP-DIR to (NP $ 5.10 *U*)))) .)) (TOP (S (NP-SBJ-1 Colgate-Palmolive) (VP advanced (NP-EXT (QP 1 5/8)) (PP-DIR to (NP 63)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ it) (VP was (ADJP-PRD comfortable (PP with (NP (NP analysts ') projections (SBAR that (S (NP-SBJ (NP third-quarter net income) (PP from (NP continuing operations))) (VP would (VP be (PP-PRD between (NP (NP (NP 95 cents) and (NP $ 1.05 *U*)) (NP-ADV a share))) , (ADVP up (PP from (NP 69 cents) (ADVP-TMP (NP a year) ago))))))))))))))))) .)) (TOP (S (NP-SBJ Springs Industries) (VP dropped (NP 1 3/8) (PP-DIR to (NP 36))) .)) (TOP (S (NP-SBJ (NP Analysts) (PP-LOC at (NP several brokerage firms))) (VP lowered (NP (NP their 1989 and 1990 earnings estimates) (PP-LOC on (NP the company))) (SBAR-TMP after (S (NP-SBJ its third-quarter results) (VP proved (ADJP-PRD disappointing))))) .)) (TOP (NP (NP Trinova third-quarter loss) (PP-TMP after (NP (NP a charge) (PP for (NP (NP a planned restructuring) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP include (NP (NP (NP the closing or downsizing) (PP of (NP (NP (QP about 25) %) (PP of (NP its plants))))) and (NP (NP a work force cut) (PP of (NP (QP about 1,500))) (PP-TMP over (NP three years)))))))))))) .)) (TOP (S (NP-SBJ-1 The Amex Market Value Index) (VP snapped (NP a five-session losing streak) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP rising (NP-EXT 2.91) (PP-DIR to (NP 378.07)))))) .)) (TOP (S (NP-SBJ Volume) (VP totaled (NP 12,500,000 shares)) .)) (TOP (S (NP-SBJ Carnival Cruise Lines Class A) (VP rose (NP-EXT (QP 1 1/4)) (PP-DIR to (NP (QP 22 3/8)))) .)) (TOP (S (NP-SBJ-1 The company) , (S-ADV (NP-SBJ *-1) (VP citing (NP market conditions))) , (VP postponed (NP a (ADJP (QP $ 200 million) *U*) debt offer)) .)) (TOP (S (NP-SBJ-1 Philip Morris Cos.) (VP posted (NP (NP a (ADJP 20 %) jump) (PP-LOC in (NP third-quarter profit))) (PP on (NP a (ADJP 45 %) revenue increase)) , (S-ADV (NP-SBJ *-1) (VP reflecting (NP (NP strength) (PP-LOC in (NP (NP the company 's) cigarette , food and brewing businesses)))))) .)) (TOP (S (NP-SBJ Net income) (VP rose (PP-DIR to (NP (NP (QP $ 748 million) *U*) , or (NP (NP 81 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP the year-earlier (QP $ 621 million) *U*) , or (NP (NP 67 cents) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ-2 Per-share figures) (VP have (VP been (VP adjusted (NP *-2) (PP-CLR for (NP (NP a 4-for-1 stock split) (VP paid (NP *) (NP-TMP earlier this month))))))) .)) (TOP (S (NP-SBJ The (ADJP New York-based) tobacco , food and beer concern) (VP said (SBAR 0 (S (NP-SBJ revenue) (VP increased (PP-DIR to (NP (QP $ 11.25 billion) *U*)) (PP-DIR from (NP (QP $ 7.74 billion) *U*)))))) .)) (TOP (S (PP-LOC In (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange)) , (NP-SBJ Philip Morris) (VP closed (PP-CLR at (NP $ 43.375 *U*)) , (ADVP up (NP 12.5 cents))) .)) (TOP (S (NP-SBJ-1 Philip Morris) (VP disclosed (NP (NP little detailed information) (PP about (NP (NP performance) (PP by (NP major business lines))))) (SBAR-ADV except (S (NP-SBJ *-1) (VP to (VP say (SBAR that (S (NP-SBJ (NP most) , (PP including (NP (NP Philip Morris U.S.A.) , (NP Kraft General Foods) and (NP Miller Brewing Co.) ,))) (VP posted (NP increased revenues))))))))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ net) (VP increased (NP-EXT 4.4 %) (PP-DIR to (NP (NP (NP (QP $ 2.08 billion) *U*) , or (NP (NP $ 2.25 *U*) (NP-ADV a share)) ,) (SBAR *PPA*-2))) (PP-DIR from (NP (NP (QP $ 2 billion) *U*) , (SBAR-2 (WHNP-1 which) (S (NP-SBJ *T*-1) (VP included (NP (NP (QP $ 273 million) *U*) (VP reflecting (NP (NP the effect) (PP of (NP an accounting change))))))))))) .)) (TOP (S (NP-SBJ-1 Granges Inc.) , (S-ADV (NP-SBJ *-1) (VP citing (NP depressed gold prices))) , (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP plans (S (NP-SBJ *-2) (VP to (VP suspend (NP operations) (PP-TMP for (NP an indefinite period)) (PP-LOC at (NP (NP its Tartan gold mine) (PP-LOC in (NP Manitoba))))))))))) .)) (TOP (S (NP-SBJ Granges) (VP said (PP-LOC in (NP (NP Vancouver) , (NP British Columbia) ,)) (SBAR that (S (NP-SBJ-1 the production halt) (VP will (VP be (VP phased (NP *-1) (ADVP-CLR in) (PP-TMP over (NP a 10-week period)))))))) .)) (TOP (S (NP-SBJ Tartan) (ADVP-TMP currently) (VP produces (NP gold) (PP at (NP (NP a cash operating cost) (PP of (NP (NP (NP $ 393 *U*) (NP-ADV an ounce)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP is (ADJP-PRD-2 high) (PP by (NP industry standards))) and (VP (PP-PRD=2 (NP $ 25 *U* (QP or so)) above (NP the current spot price))))))))))) .)) (TOP (S (NP-SBJ Granges) (VP said (SBAR 0 (S (NP-SBJ-1 it) (ADVP also) (VP plans (S (NP-SBJ *-1) (PP-TMP in (NP the third quarter)) (VP (VP to (VP write (PRT down) (NP (NP the carrying value) (PP of (NP the Tartan mine))) (PP-EXT by (NP (NP (QP 2.5 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 2.12 million) *U*) -RRB-))))) , and (VP to (VP write (PRT off) (NP (NP most) (PP of (NP (NP the (ADJP (QP C$ 6.3 million) *U*) carrying value) (PP of (NP (NP its Windflower gold property) (PP-LOC in (NP British Columbia))))))))))))))) .)) (TOP (S (S (NP-SBJ Granges) (VP did n't (VP say (SBAR (WHNP-1 what impact) (S (NP-SBJ the moves) (VP would (VP have (NP *T*-1) (PP on (NP (NP total gold output) or (NP earnings)))))))))) , and (S (NP-SBJ company officials) (VP were n't (ADJP-PRD available))) .)) (TOP (S (NP-SBJ (NP (NP Computer Associates International Inc.) , (NP-LOC (NP Garden City) , (NP N.Y.) ,)) and (NP Digital Equipment Corp.)) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP agreed (S (NP-SBJ *-1) (VP to (VP (ADVP-MNR jointly) develop (NP (NP software) (SBAR (WHNP-2 0) (S (NP-SBJ-3 *T*-2) (VP to (VP help (S (NP-SBJ *-3) (VP manage (NP (NP Digital 's) Vax computers))))))))))))))) .)) (TOP (S (NP-SBJ-1 Computer Associates) (VP (VP has (VP carved (PRT out) (NP a huge business) (S-ADV (NP-SBJ *-1) (VP selling (NP such software) (PP for (NP (NP use) (PP-LOC in (NP (NP managing networks) (PP of (NP International Business Machines Corp. computers)))))))))) but (VP needs (S (NP-SBJ *-1) (VP to (VP find (NP new markets)))) (SBAR-ADV if (S (NP-SBJ it) (VP is (VP to (VP maintain (NP (NP its growth rate) (PP of (NP (NP 30 % (QP and more)) (NP-ADV each year))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The market) (PP for (NP (NP system-management software) (PP for (NP (NP Digital 's) hardware))))) (VP is (VP fragmented (NP *-1) (ADVP enough (SBAR that (S (NP-SBJ (NP a giant) (PP such as (NP Computer Associates))) (VP should (VP do (ADVP-MNR well) (ADVP-LOC there)))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ the market) (VP is (ADJP-PRD (ADJP smaller) (PP than (NP (NP the market) (PP for (NP IBM-compatible software)))))) .)) (TOP (S (PP For (NP one thing)) , (NP-SBJ (NP Digital) , (NP-LOC (NP Maynard) , (NP Mass.) ,)) (VP has (VP sold (NP fewer machines))) .)) (TOP (S (PP In (NP addition)) , (S (NP-SBJ its machines) (VP are (ADVP typically) (ADJP-PRD easier (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP operate (NP *T*-1)))))))) , so (S (NP-SBJ customers) (VP require (NP less assistance) (PP-CLR from (NP software)))) .)) (TOP (S (NP-SBJ-1 (NP Wang Laboratories Inc.) , (NP-LOC (NP Lowell) , (NP Mass.))) , (S-ADV (NP-SBJ *-1) (VP beset (NP *) (PP by (NP-LGS (NP declining demand) (PP for (NP its computers)))))) , (VP reported (NP (NP a (ADJP (QP $ 62.1 million) *U*) , 38-cents-a-share loss) (PP-LOC in (NP (NP its first quarter) (VP ended (NP-TMP Sept. 30)))))) .)) (TOP (S (NP-SBJ Revenue) (VP fell (NP-EXT 12.7 %) (PP-DIR to (NP (QP $ 596.8 million) *U*)) (PP-DIR from (NP (QP $ 684 million) *U*)) , (SBAR-ADV although (S (NP-SBJ-1 (NP some) (PP of (NP the decline))) (VP was (VP caused (NP *-1) (PP by (NP-LGS discontinued operations))))))) .)) (TOP (S (NP-SBJ Wang) (VP had (ADVP-TMP previously) (VP forecast (NP a loss))) .)) (TOP (S (NP-SBJ The company) (VP reiterated (SBAR that (S (NP-SBJ it) (VP expects (NP (NP another loss) (PP (PP-TMP in (NP the second quarter)) and (PP for (NP the full year)))) , (SBAR-ADV although (S (NP-SBJ it) (VP expects (NP a profitable fourth quarter)))))))) .)) (TOP (S (ADVP-TMP (NP A year) ago) , (NP-SBJ Wang) (VP had (NP (NP earnings) (PP of (NP (NP (QP $ 13.1 million) *U*) , or (NP (NP eight cents) (NP-ADV a share)) ,))) (PP-TMP in (NP its first quarter)) , (PP including (NP (NP a (ADJP (QP $ 3.1 million) *U*) loss) (PP from (NP discontinued operations))))) .)) (TOP (S (NP-SBJ The latest period loss) (VP included (NP (NP a (ADJP $ 12.9 *U*) pretax charge) (PP for (NP severance payments)))) .)) (TOP (S (NP-SBJ Dayton Hudson Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP accepted (PP-CLR for (NP purchase)) (NP (QP seven million) common shares) (PP at (NP (NP $ 62.875 *U*) (NP-ADV each))) , (PP-LOC under (NP (NP the terms) (PP of (NP a Dutch auction self-tender offer)))))))) .)) (TOP (S (NP-SBJ The offer) (VP expired (PP-TMP at (NP 12:01 a.m.)) (NP-TMP yesterday)) .)) (TOP (S (PP-LOC In (NP a Dutch auction)) , (S (NP-SBJ the buyer) (VP sets (NP a price range))) and (S (NP-SBJ holders) (VP give (NP (NP a price) (PP-LOC in (NP that range)) (SBAR (WHPP-2 at (WHNP which)) (S (NP-SBJ-1 they) (VP 're (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP sell (NP their shares) (PP *T*-2))))))))))) .)) (TOP (S (NP-SBJ The buyer) (ADVP-TMP then) (VP (VP picks (NP a price)) and (VP buys (NP shares) (PP at (NP that price)) (PP-CLR from (NP (NP holders) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP offered (S (NP-SBJ *-2) (VP to (VP sell (UCP (PP at (NP that price)) or (ADVP lower)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Dayton Hudson 's) repurchase offer) , (VP representing (NP (NP (QP about 9) %) (PP of (NP (NP its common shares) (ADJP outstanding))))) ,) (VP had (VP established (NP (NP a range) (PP of (NP (QP between $ 60 and $ 65) *U*)) (PP for (NP the buy-back))))) .)) (TOP (S (S (NP-SBJ Dayton Hudson) (VP said (SBAR 0 (S (NP-SBJ it) (VP accepted (NP (NP all odd-lot shares) (VP tendered (NP *) (PP at or below (NP the final (ADJP $ 62.875 *U*) price))))))))) ; (S (NP-SBJ (NP the preliminary proration factor) (PP for (NP (NP other shares) (VP tendered (NP *) (PP at or below (NP the final price)))))) (VP is (NP-PRD 98 %))) .)) (TOP (S (NP-SBJ The Minneapolis-based retailer) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP pay (PP-CLR for (NP the (QP seven million) shares)) (NP-TMP next Thursday)))))))) .)) (TOP (S (NP-SBJ-1 (NP Tendered shares) (VP not purchased (NP *))) (VP will (VP be (VP returned (NP *-1) (PP-DIR to (NP holders))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Dayton) (VP rose (NP-EXT $ 1 *U*) (PP-DIR to (NP $ 61.125 *U*))) .)) (TOP (S (NP-SBJ (NP Continental Bank Corp. 's) third-quarter net income) (VP slipped (NP-EXT 11 %) (PP despite (NP (NP a big gain) (PP from (NP (NP the sale) (PP of (NP (NP the company 's) London headquarters building))))))) .)) (TOP (S (NP-SBJ-1 (NP The (ADJP (QP $ 55 million) *U*) gain) (PP on (NP the sale))) (VP was (VP offset (NP *-1) (PP by (NP-LGS (NP lower interest income) , (NP (NP poorer results) (PP from (NP foreign-exchange trading))) and (NP (NP a (ADJP (QP $ 9 million) *U*) loss) (PP on (NP (NP the sale) (PP of (NP (NP a unit) , (NP Securities Settlement Corp)))))))))) .)) (TOP (S (NP-SBJ Chicago-based Continental) (VP earned (NP (NP (QP $ 65.2 million) *U*) , or (NP (NP $ 1.04 *U*) (NP-ADV a share)) ,) (PP compared (PP with (NP (NP (QP $ 73.6 million) *U*) , or (NP (NP $ 1.19 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ The 1988 quarter) (ADVP also) (VP included (NP (NP one-time gains) (VP totaling (NP (QP about $ 35 million) *U*)))) .)) (TOP (S (NP-SBJ (NP The bank) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP has (NP (NP loss reserves) (ADJP equal (PP to (NP (NP (QP about half) its (ADJP long-term and medium-term) loans) (PP to (NP less-developed nations))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP does n't (VP think (SBAR 0 (S (NP-SBJ-1 additional reserves) (VP are (VP required (NP *-1)))))))))) .)) (TOP (S (NP-SBJ Enron Corp.) (VP said (SBAR 0 (S (NP-SBJ (NP a subsidiary) and (NP two United Kingdom firms)) (VP are (VP studying (NP (NP the feasibility) (PP of (S-NOM (NP-SBJ *) (VP constructing (NP a 1,500 megawatt gas-fired power plant) (PP-LOC in (NP northern England)) (PP as (NP (NP an outgrowth) (PP of (NP (NP the government 's) privatization program))))))))))))) .)) (TOP (S (NP-SBJ (NP Enron Power Corp.) , (NP (NP a unit) (PP of (NP the Houston natural gas pipeline company))) ,) (VP would (VP design , construct and run (NP the plant))) .)) (TOP (S (NP-SBJ-1 (NP Gas) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP fuel (NP it)))))) (VP would (VP be (VP piped (NP *-1) (PP-DIR from (NP the North Sea))))) .)) (TOP (S (NP-SBJ (NP A subsidiary) (PP of (NP (NP Britain 's) Imperial Chemical Industries))) (VP would (VP buy (NP electricity and steam) (PP-CLR from (NP the proposed station)))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Surplus power) (VP would (VP be (VP sold (NP *-1) (PP-LOC on (NP the open market)))))) , (NP-SBJ Enron) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (SINV-1 (ADVP Also) (VP-TPC-2 participating (PP-LOC-CLR in (NP the study))) (PRN , (S (NP-SBJ Enron) (VP said (SBAR 0 (SINV *T*-1)))) ,) (VP is (VP *T*-2)) (NP-SBJ (NP the National Power division) (PP of (NP (NP Britain 's) Central Electricity Generating Board))) .)) (TOP (S (PP-TMP Upon (NP privatization)) , (NP-SBJ National Power) (VP will (VP be (ADJP-PRD responsible (PP for (NP (NP 70 %) (PP of (NP (NP the country 's) power generating business))))))) .)) (TOP (S (NP-SBJ (NP Viacom Inc.) , (NP-LOC New York) ,) (VP reported (SBAR that (S (NP-SBJ its third-quarter loss) (VP widened (PP-DIR to (NP (NP (QP $ 21.7 million) *U*) , or (NP (NP 41 cents) (NP-ADV a share)) ,)) (PP (ADVP primarily) because of (NP (NP interest expense) (PP of (NP (QP $ 70.1 million) *U*)))))))) .)) (TOP (S (ADVP-TMP (NP A year) ago) , (NP-SBJ Viacom) (VP had (NP (NP a net loss) (PP of (NP (NP (QP $ 56.9 million) *U*) , or (NP (NP $ 1.07 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ (NP Interest expense) (PP-TMP in (NP the 1988 third quarter))) (VP was (NP-PRD (QP $ 75.3 million) *U*)) .)) (TOP (S (S (PP-TMP In (NP the year-ago quarter)) , (NP-SBJ Viacom) (ADVP also) (VP paid (NP (NP preferred stock dividends) (PP of (NP (QP $ 17 million) *U*))))) ; (S (NP-SBJ Viacom) (VP exchanged (NP its preferred stock) (PP-CLR for (NP debt)) (PP-TMP in (NP March)))) .)) (TOP (S (NP-SBJ The communications and entertainment company) (VP said (SBAR 0 (S (NP-SBJ revenue) (VP rose (PP-DIR to (NP (QP $ 345.5 million) *U*)) , (PP-DIR from (NP (QP $ 311.6 million) *U*)))))) .)) (TOP (S (NP-SBJ Viacom) (VP attributed (NP the improvement) (PP-CLR to (NP (NP higher earnings) (PP from (NP operations)) (PP-LOC in (NP (NP its networks segment) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP the MTV and Showtime networks))))))))) .)) (TOP (S (NP-SBJ Viacom) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP also) (VP restructured (NP bank debt) (PP-LOC under (NP (NP a (ADJP (QP $ 1.5 billion) *U*) unsecured bank agreement) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP offers (NP significant interest rate savings)))))))))) .)) (TOP (S (NP-SBJ (NP Sumner M. Redstone) , (NP (NP Viacom 's) chairman) ,) (VP said (SBAR 0 (S (NP-SBJ Viacom) `` (VP (VP emerged (PP-DIR from (NP our leveraged buy-out structure))) and (VP gained (NP substantial (UCP operating and financial) flexibility) (PP through '' (NP the bank pact))))))) .)) (TOP (S (NP-SBJ (NP Trinova Corp.) , (NP-LOC (NP Maumee) , (NP Ohio) ,)) (VP (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP launching (NP (NP an extensive restructuring) (PP of (NP its core business)))))))) , and (VP took (NP (NP a charge) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP resulted (PP-CLR in (NP (NP a loss) (PP of (NP (NP (QP $ 29.7 million) *U*) , or (NP (NP 87 cents) (NP-ADV a share)) ,)) (PP for (NP the third quarter)))))))))) .)) (TOP (S (NP-SBJ Trinova) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP (VP close , move or overhaul (NP (NP 40) (PP of (NP its 170 manufacturing facilities)))) and (VP (PP-TMP over (NP the next three years)) cut (NP 1,500 jobs) (PP-CLR from (NP (NP its current world-wide payroll) (PP of (NP 22,300 employees)))))))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP the (NX (NX factory closings) and (NX job cutbacks))))) (VP will (VP affect (NP (NP (NP Trinova 's) Aeroquip operations) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP manufacture (NP (NP automotive plastics) , (NP hoses) and (NP other (ADJP industrial and automotive) parts)))))))) .)) (TOP (S (NP-SBJ (NP Hoses and plastics) (ADVP together)) (VP account (PP-CLR for (NP (NP (QP about 42) %) (PP of (NP (NP Trinova 's) total annual sales))))) .)) (TOP (S (PP-LOC In (NP a separate announcement)) , (NP-SBJ Trinova) (VP said (SBAR 0 (S (NP-SBJ-1 the Aeroquip group) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP its (ADJP spring-brake , piston-brake and related) businesses) (PP-DTV to (NP (NP Midland Brake Inc.) (PP of (NP (NP Branford) , (NP Conn))))))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (S-PRP-TPC-2 (NP-SBJ *-1) (VP To (VP provide (PP-CLR for (NP (NP the restructuring 's) costs))))) , (NP-SBJ Trinova) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP took (NP (NP an after-tax charge) (PP of (NP (NP (QP $ 38.5 million) *U*) , or (NP (NP $ 1.13 *U*) (NP-ADV a share)) ,))) (PP-TMP in (NP the third quarter)) (S-PRP *T*-2))))) .)) (TOP (S (NP-SBJ The (ADJP (QP $ 29.7 million) *U*) net loss) (VP compares (PP-CLR with (NP (NP net income) (PP of (NP (NP (NP (QP $ 19.6 million) *U*) , or (NP (NP 57 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 8 %) (PP-DIR to (NP (QP $ 456.2 million) *U*)) (PP-DIR from (NP (QP $ 422 million) *U*))) .)) (TOP (S (NP-SBJ Trinova) (VP closed (PP-CLR at (NP $ 25 *U*)) , (ADVP down (NP $ 1 *U*)) , (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (S (NP-SBJ-1 (NP A group) (PP of (NP investors)) , (VP including (NP (NP (NP Giancarlo Parretti 's) Pathe Communications Corp.) and (NP Sasea Holding S.A.))) ,) (VP have (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP 76.66 %) (PP of (NP (NP Odeon Finanziaria) , (NP a (ADJP financially troubled) Italian TV station))))))))) .)) (TOP (S (NP-SBJ (NP Florio Fiorini) , (NP (NP managing director) (PP of (NP Geneva-based Sasea))) ,) (VP said (SBAR 0 (S (S (NP-SBJ the investors) (VP would (VP pay (NP only a symbolic one lira) (PP-CLR for (NP the station))))) , `` but (S (NP-SBJ-2 we) (VP have (VP agreed (S (NP-SBJ *-2) (VP to (VP raise (NP (NP the capital) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP enable (S (NP-SBJ-3 the company) (VP to (VP continue (S (NP-SBJ *-3) (VP operating))))))))))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ It) (VP 's (NP-PRD (NP sort) (PP of (NP a Chapter 11 situation))))) , '' (NP-SBJ-2 he) (VP added (S *T*-3) , (S-ADV (NP-SBJ *-2) (VP referring (PP-CLR to (NP (NP the U.S. bankruptcy law) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP protects (NP companies) (PP-CLR from (NP creditors)) (SBAR-TMP while (S (NP-SBJ they) (VP restructure))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Milan-based Odeon) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP draws (NP (NP (QP about 3) %) (PP of (NP Italian TV viewers)))))) ,) (VP has (NP (NP debt) (PP of (NP (NP (QP 250 billion) lire) (PRN -LRB- (NP (QP $ 181.9 million) *U*) -RRB-)))))) , (NP-SBJ Mr. Fiorini) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR (SBAR that (S (NP-SBJ-3 (NP details) (PP of (NP the recapitalization))) (ADVP-TMP still) (VP have (S (NP-SBJ-1 *-3) (VP to (VP be (VP worked (NP *-1) (PRT out)))))))) , but (SBAR that (S (S (NP-SBJ Pathe) (VP will (VP take (NP (NP 50 %) (PP of (NP Odeon)))))) , (S (NP-SBJ Rome film producer Bruno Lucisano) (VP will (VP take (NP 10 %)))) and (S (NP-SBJ-2 (NP the remaining 16.66 %) , (VP (ADVP-TMP currently) owned (NP *) (PP by (NP-LGS Sasea))) ,) (VP will (ADVP-TMP eventually) (VP be (VP sold (NP *-2) (PP-CLR to (NP other investors)))))))))) .)) (TOP (S (NP-SBJ (NP Calisto Tanzi) , (NP (NP Odeon 's) owner) ,) (VP will (VP retain (NP his (ADJP 23.34 %) stake))) .)) (TOP (S (NP-SBJ (NP Italy 's) Supreme Court) (NP-TMP this year) (VP ordered (NP-2 Parliament) (S (NP-SBJ *-2) (VP to (VP write (NP (NP a law) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP regulate (NP media ownership)))))))))) .)) (TOP (S `` (S-TPC-5 (NP-SBJ We) (VP think (SBAR that (S (NP-SBJ-4 (NP it) (S *EXP*-1)) (VP 's (VP going (S (NP-SBJ *-4) (VP to (VP be (ADJP-PRD (ADJP (ADVP far more) favorable) (SBAR *ICH*-6)) (S-1 (NP-SBJ *) (VP to (VP own (NP a station) (SBAR-TMP before (S (NP-SBJ-3 the law) (VP is (VP passed (NP *-3)))))))) (SBAR-6 than (S (NP-SBJ-2 *) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP buy (NP one) (ADVP-TMP afterward))))))))))))))))) , '' (NP-SBJ Mr. Fiorini) (VP said (S *T*-5)) .)) (TOP (S (NP-SBJ San Francisco area officials) (VP gave (NP-1 the media) (NP high marks) (PP for (S-NOM (NP-SBJ *-1) (VP helping (S (NP-SBJ people) (VP (VP find (NP shelter)) and (VP obtain (NP emergency information)))) (PP-TMP after (NP (NP Tuesday 's) catastrophic earthquake)))))) .)) (TOP (S `` (NP-SBJ The press) (VP has (VP been (VP doing (NP an excellent job)))) .)) (TOP (SINV (S-TPC-3 (S (NP-SBJ They) (VP are (VP telling (NP people) (SBAR (WHNP-1 what roads) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD closed))))))) and (S (S-NOM-SBJ-2 (NP-SBJ *) (VP (ADVP just) keeping (S (NP-SBJ the public) (ADJP-PRD informed)))) (VP has (VP helped (S (NP-SBJ *-2) (VP to (VP keep (NP the panic) (ADVP-CLR down)))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP James Ball) , (NP (NP a station supervisor) (PP-LOC at (NP Daly City Police Department)))) .)) (TOP (S (NP-SBJ Mr. Ball) (VP noted (SBAR that (S (NP-SBJ television stations) (VP featured (S (NP-SBJ-1 people) (VP holding (ADVP-CLR up) (NP phone books) , (S-ADV (NP-SBJ *-1) (VP explaining (SBAR (WHADVP-2 where) (S (NP-SBJ *) (VP to (VP call (PP-CLR for (NP help)) (ADVP-LOC *T*-2))))))))))))) .)) (TOP (S (NP-SBJ Radio stations) (VP provided (NP an emergency number) (PP-CLR for (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP smelled (NP gas)) but (VP did n't (VP know (SBAR (WHADVP-2 how) (S (NP-SBJ *) (VP to (VP turn (PRT off) (NP their gas supply) (ADVP-MNR *T*-2))))))))))))) .)) (TOP (S (NP-SBJ (NP Kim Schwartz) , (NP (NP a spokesperson) (PP for (NP (NP the American Red Cross) (PP-LOC in (NP Los Angeles))))) ,) (VP said (SBAR 0 (S (NP-SBJ-2 (NP television and radio stations) (PP-LOC in (NP San Francisco))) (VP played (NP a `` (ADJP very positive) role '') (PP-MNR (PP by (S-NOM (NP-SBJ *-2) (VP providing (NP (NP the address) (PP of (NP (NP 28 shelters) (PP of (NP the Red Cross)))))))) and (PP by (S-NOM (NP-SBJ *-2) (VP giving (PRT out) (NP (NP the Red Cross number) (PP for (NP (NP contributions) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP help (NP earthquake victims))))))) (PRN -LRB- (NP 1-800-453-9000) -RRB-)))))))))) .)) (TOP (S (NP-SBJ The San Francisco Examiner) (VP issued (NP (NP a special edition) (SBAR *ICH*-1)) (PP-TMP around (NP noon)) (NP-TMP yesterday) (SBAR-1 (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP was (VP filled (NP *-2) (ADVP-MNR entirely) (PP-CLR with (NP earthquake news and information))))))) .)) (TOP (S (NP-SBJ-2 (NP The Examiner) and (NP the San Francisco Chronicle)) (VP were (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP publish)))) (PP despite (NP (NP (NP Tuesday 's) quake) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP occurred (ADVP-TMP close (PP to (NP deadline))) (PP for (NP many newspapers)))))))) .)) (TOP (S (NP-SBJ Sterling Software Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP lost (NP its bid (S (NP-SBJ *) (VP to (VP supply (NP software services) (PP-CLR to (NP (NP (NP the National Aeronautics and Space Administration 's) Ames Research Center) (PP-LOC at (NP (NP Moffett Field) , (NP-LOC Calif))))))))))))) .)) (TOP (S (NP-SBJ (NP Sterling) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP estimated (NP (NP the value) (PP of (NP the contract))) (PP-CLR at (NP (QP $ 150 million) *U*))))) ,) (VP said (SBAR 0 (S (NP-SBJ NASA) (VP selected (NP another bidder) (PP for (NP final negotiations)))))) .)) (TOP (S (PP-TMP In (NP 1988)) , (NP-SBJ-1 Dallas-based Sterling) (VP protested (NP (NP a similar decision) (PP by (NP NASA)) (VP involving (NP the same contract))) , (S-ADV (NP-SBJ *-1) (VP claiming (SBAR 0 (S (NP-SBJ it) (VP had (VP submitted (NP the lowest bid)))))))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-TMP last March) (NP-SBJ (NP the General Services Administration board) (PP of (NP contract appeals))) (VP directed (NP-1 NASA) (S (NP-SBJ *-1) (VP to (VP reopen (NP (NP negotiations) (PP on (NP the contract))))))) .)) (TOP (S (NP-SBJ Sterling) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP (VP had (VP requested (NP (NP a briefing) (PP by (NP NASA))))) but (VP had not (VP decided (SBAR whether (S (NP-SBJ *-1) (VP to (VP protest (NP (NP the agency 's) latest decision))))))))))) .)) (TOP (S (NP-SBJ (NP Consolidated Rail Corp.) , (NP-LOC New York) ,) (VP reported (SBAR that (S (NP-SBJ-1 third-quarter net income) (VP climbed (NP-EXT 4.8 %) (PP-DIR to (NP (NP (QP $ 87 million) *U*) , or (NP (NP $ 1.27 *U*) (NP-ADV a share)) ,)) (S-ADV (NP-SBJ *-1) (VP exceeding (NP (NP analysts ') expectations))))))) .)) (TOP (S (PP-TMP In (NP the year-earlier quarter)) , (NP-SBJ the freight railroad) (VP earned (NP (NP (QP $ 83 million) *U*) , or (NP (NP $ 1.21 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ (NP James A. Hagen) , (NP (NP chairman) and (NP chief executive officer)) ,) (VP noted (SBAR that (S (NP-SBJ earnings) (VP advanced `` (PP in (NP (NP the face) (PP of (NP (NP a drop) (PP-LOC in (NP business)) , (VP brought (NP *) (PRT on) (PP by (NP-LGS the general economic slowdown))))))))))) . '')) (TOP (S (NP-SBJ Revenue) (VP slipped (NP-EXT 4.6 %) (PP-DIR to (NP (QP $ 835 million) *U*)) (PP-DIR from (NP (QP $ 876 million) *U*))) .)) (TOP (S-2 (PP-TMP For (NP (NP the rest) (PP of (NP 1989)))) (PRN , (S (NP-SBJ Mr. Hagen) (VP said (SBAR 0 (S *T*-2)))) ,) (S (NP-SBJ (NP Conrail 's) traffic and revenue) `` (VP will (VP reflect (NP the sluggish economy)))) , but (S (NP-SBJ-1 Conrail) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP take (NP steps (S (NP-SBJ *) (VP to (VP control and reduce (NP costs))))))))))) . '')) (TOP (S (PP For (NP the nine months)) , (NP-SBJ Conrail earnings) (VP grew (NP-EXT 0.4 %) (PP-DIR to (NP (NP (QP $ 229 million) *U*) , or (NP (NP $ 3.34 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 228 million) *U*) , or (NP (NP $ 3.31 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP was (ADJP-PRD flat) (PP-LOC at (NP (QP $ 2.59 billion) *U*))) .)) (TOP (S (NP-SBJ (NP Georgia Gulf Corp.) , (VP hurt (NP *) (PP by (NP-LGS (NP declining sales) and (NP falling chemical prices)))) ,) (VP said (SBAR 0 (S (NP-SBJ third-quarter earnings) (VP fell (NP-EXT 13 %) (PP-DIR to (NP (QP $ 46.1 million) *U*)) (PP-DIR from (NP (QP $ 53.1 million) *U*) (PP-TMP in (NP the year-earlier period))))))) .)) (TOP (S (NP-SBJ Sales) (VP declined (NP-EXT 10 %) (PP-DIR to (NP (QP $ 251.2 million) *U*)) (PP-DIR from (NP (QP $ 278.7 million) *U*))) .)) (TOP (S (NP-SBJ The Atlanta-based chemical manufacturer) (VP said (SBAR 0 (S (NP-SBJ lower prices) (VP hurt (NP margins) (PP for (NP most products)))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ We) (VP did (VP see (NP some relief) (PP-LOC in (NP raw material costs))))) , but (S (NP-SBJ-2 it) (VP was n't (ADJP-PRD sufficient (S (NP-SBJ *-2) (VP to (VP offset (NP (NP the drop) (PP-LOC in (NP sales prices)))))))))) , '' (NP-SBJ (NP James R. Kuse) , (NP (NP the company 's) (NX (NX chairman) and (NX chief executive officer)))) (VP said (S *T*-1) (PP-LOC in (NP a statement))) .)) (TOP (S (PP On (NP a per-share basis)) , (NP-SBJ quarterly earnings) (VP remained (PP-LOC-PRD at (NP (NP $ 1.85 *U*) , (NP (NP the same) (PP as (NP-TMP last year))) ,)) (PP-PRP because of (NP (NP the company 's) share buy-back program))) .)) (TOP (S (NP-SBJ Georgia Gulf) (VP had (NP (NP (QP 24.9 million) shares) (ADJP outstanding) (VP *ICH*-1)) (PP on (NP average)) (PP-TMP in (NP the quarter)) , (PP compared (PP with (NP (NP (QP 28.6 million)) (PP-TMP in (NP (NP the third quarter) (PP of (NP 1988))))))) , (VP-1 adjusted (NP *) (PP-CLR for (NP (NP a stock split) (VP paid (NP *) (PP-TMP in (NP January 1989))))))) .)) (TOP (S (PP-LOC In (NP composite New York Stock Exchange trading)) , (NP-SBJ-3 (NP stock) (PP-LOC in (NP (NP Georgia Gulf) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP mentioned (NP *-1) (PP-CLR as (NP a takeover candidate))))))) ,))) (VP rose (NP-EXT (NP $ 2.125 *U*) (NP-ADV a share)) (S-CLR (NP-SBJ *-3) (VP to (VP close (PP-CLR at (NP $ 46.125 *U*)))))) .)) (TOP (S (NP-SBJ-1 This temblor-prone city) (VP dispatched (NP (NP inspectors) , (NP firefighters) and (NP other earthquake-trained personnel)) (S-PRP (NP-SBJ *-1) (VP to (VP aid (NP San Francisco))))) .)) (TOP (S But (NP-SBJ (NP a secondary agenda) (PP-LOC among (NP (NP officials) (PP-LOC in (NP (NP the City) (PP of (NP Angels))))))) (VP was (S-PRD (NP-SBJ *) (VP to (VP learn (PP-CLR about (NP (NP (NP the disaster-contingency plans) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP work)))) and (NP (NP those) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP do n't (VP *?*))))))))))) .)) (TOP (S (NP-SBJ-2 Los Angeles Mayor Tom Bradley) (VP used (NP the opportunity) (S-CLR (NP-SBJ *-2) (VP to (VP push (NP-1 the City Council) (ADVP-MNR harder) (S-CLR (NP-SBJ *-1) (VP to (VP pass (NP (NP a measure) (VP establishing (NP (NP a loss-recovery reserve) (PP of (NP (QP $ 100 million) *U*)))))))))))) .)) (TOP (S (NP-SBJ The amount) (VP would (VP help (S (NP-SBJ-1 Los Angeles) (VP cope (PP-TMP in (NP (NP the first few weeks) (PP-TMP after (NP its own anticipated quake)))) , (SBAR-TMP while (S (NP-SBJ *-1) (VP waiting (SBAR-CLR for (S (NP-SBJ federal assistance) (VP to (VP arrive))))))))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ San Francisco Mayor Art Agnos) (VP spoke (PP-LOC on (NP television)) (PP-CLR of (NP the need (SBAR for (S (NP-SBJ building inspectors) (VP to (VP check (NP (NP the soundness) (PP of (NP buildings)))))))))))) , (NP-SBJ Los Angeles) (VP dispatched (NP (NP 32 inspectors) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP help)))))) .)) (TOP (S And (NP-SBJ-3 (NP the county) (PP of (NP Los Angeles))) (VP (VP placed (NP its firefighters and sheriffs) (PP-CLR on (NP alert)) , (S-ADV (NP-SBJ-2 *-3) (ADJP-PRD ready (S (NP-SBJ *-2) (VP to (VP send (ADVP-DIR in) (NP reinforcements)))))) ,) and (VP alerted (NP San Francisco) (SBAR that (S (NP-SBJ the city) (VP has (NP 1,000 hospital beds) (PP-CLR at (NP its disposal))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ Two Los Angeles radio stations) (VP initiated (NP Red Cross donation campaigns))) , and (S (NP-SBJ one Los Angeles bank manager) (VP forked (PRT over) (NP (NP $ 150,000 *U*) (PP of (NP his own money))) (PP-PRP for (NP relief purposes))))) , (NP-SBJ the Red Cross) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The Los Angeles Red Cross) (VP sent (NP (NP 2,480 cots) , (NP 500 blankets) , and (NP (NP 300 pints) (PP of (NP Type-O blood))))) .)) (TOP (S (NP-SBJ It) (VP is (ADVP also) (VP (VP pulling (NP (NP 20 people) (SBAR *ICH*-1)) (PP-DIR out (PP of (NP Puerto Rico))) , (SBAR-1 (WHNP-2 who) (S (NP-SBJ *T*-2) (VP were (VP helping (NP Huricane Hugo victims))))) ,) and (VP sending (NP them) (PP-DIR to (NP San Francisco)) (ADVP instead)))) .)) (TOP (S (NP-SBJ The Arizona Corporations Commission) (VP authorized (NP (NP an (ADJP 11.5) % rate increase) (PP-LOC at (NP Tucson Electric Power Co.)) , (UCP (ADJP (ADJP substantially lower) (SBAR than (S (NP-SBJ-1 *) (VP recommended (NP *-1) (NP-TMP last month) (PP by (NP-LGS a commission hearing officer)))))) and (NP (NP (QP barely half) the rise) (VP sought (NP *) (PP by (NP-LGS the utility))))))) .)) (TOP (S (NP-SBJ The ruling) (VP follows (NP (NP a host) (PP of (NP problems)) (PP-LOC at (NP Tucson Electric)) , (PP including (NP (NP major write-downs) , (NP (NP a (ADJP 60 %) slash) (PP-LOC in (NP the common stock dividend))) and (NP (NP the departure) (PP of (NP former Chairman Einar Greve)) (PP-TMP during (NP (NP a company investigation) (PP of (NP his stock sales))))))))) .)) (TOP (S (NP-SBJ The Arizona regulatory ruling) (VP calls (PP-CLR for (NP (NP (QP $ 42 million) *U*) (PP-LOC in (NP added revenue)) (ADVP-TMP yearly) , (PP compared (PP with (NP (NP a (ADJP (QP $ 57 million) *U*) boost) (VP proposed (NP *) (PP by (NP-LGS the commission hearing officer))))))))) .)) (TOP (S (NP-SBJ The company) (VP had (VP sought (NP (NP increases) (VP totaling (NP (NP (QP $ 80.3 million) *U*) , or (NP 22 %)))))) .)) (TOP (S (NP-SBJ-1 The decision) (VP was (VP announced (NP *-1) (SBAR-TMP after (S (NP-SBJ trading) (VP ended))))) .)) (TOP (S (NP-SBJ Tucson Electric) (VP closed (PP-CLR at (NP (NP $ 20.875 *U*) (NP-ADV a share))) , (ADVP down (NP 25 cents)) , (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (S (NP-SBJ A Tucson Electric spokesman) (VP said (SBAR 0 (S (NP-SBJ the utility) (VP was (ADJP-PRD (ADJP disappointed (PP by (NP (NP the commission 's) decision))) and `` (ADJP concerned (PP about (NP (NP the financial integrity) (PP of (NP the company)))))))))) .)) (TOP (S (NP-SBJ-2 (ADJP South Korean) President Roh Tae Woo) , (S-ADV (NP-SBJ *-2) (VP brushing (PP-CLR aside (NP suggestions (SBAR that (S (NP-SBJ-1 the won) (VP be (VP revalued (NP *-1) (ADVP-TMP again))))))))) , (VP said (SBAR 0 (S (NP-SBJ (NP (NP the currency 's) current level) (PP against (NP the dollar))) (VP is `` (ADJP-PRD appropriate))))) . '')) (TOP (S (NP-SBJ (NP His comments) , (VP made (NP *) (PP in (NP (NP response) (PP to (NP (NP reporters ') questions)))) (PP-LOC at (NP (NP the National Press Club) (ADVP-LOC here)))) ,) (VP signaled (SBAR that (S (NP-SBJ Seoul) (VP is (VP resisting (NP (NP U.S. pressure) (PP for (NP (NP a further rise) (PP-LOC in (NP (NP the currency 's) value)))))))))) .)) (TOP (S (NP-SBJ The U.S.) (VP wants (NP a higher won) (S-PRP (NP-SBJ-1 *) (VP to (VP (VP make (S (NP-SBJ (NP South Korea 's) exports) (ADJP-PRD more expensive))) and (VP help (S (NP-SBJ *-1) (VP trim (NP (NP Seoul 's) trade surplus)))))))) .)) (TOP (S (NP-SBJ-1 Many (ADJP South Korean) business people) (VP want (NP a devaluation) (ADVP instead) , (S-ADV (NP-SBJ *-1) (VP arguing (SBAR that (S (NP-SBJ (NP the won 's) recent gains) (ADVP-TMP already) (VP have (VP weakened (NP (NP the country 's) export performance)))))))) .)) (TOP (S (NP-SBJ Mr. Roh) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ South Korea) (VP is (VP taking (NP (NP steps) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP free (NP-2 the won) (S-CLR (NP-SBJ *-2) (VP to (VP respond (PP-CLR to (NP market forces))))))))))))))) .)) (TOP (S (NP-SBJ Seoul) (VP has (VP pointed (PP-CLR to (NP (NP its lack) (PP of (NP a foreign exchange market)))) (PP-CLR as (NP (NP one reason) (SBAR (WHADVP-1 0) (S (NP-SBJ (NP the won 's) value) (VP remains (ADJP-PRD heavily controlled) (ADVP-PRP *T*-1)))))))) .)) (TOP (S (NP-SBJ Mr. Roh) (VP (VP said (SBAR 0 (S (NP-SBJ-1 (NP a U.S. demand) (PP for (NP (NP the removal) (PP of (NP (NP South Korean import quotas) (PP-LOC on (NP beef))))))) (VP will (VP be (VP resolved (NP *-1) `` (ADVP-MNR satisfactorily) '')))))) but (VP gave (NP no hint (SBAR (WHADVP-2 when) (S (NP-SBJ that) (VP will (VP happen (ADVP-TMP *T*-2)))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Speaking (PP-CLR to (NP (NP a joint meeting) (PP of (NP Congress)))) (ADVP-TMP earlier))) , (NP-SBJ-1 he) (VP said (SBAR 0 (S (NP-SBJ-2 South Korea) (VP ca n't (VP move (ADVP-MNR quickly) (PP on (NP such agricultural trade issues)) `` (PP without (S-NOM (NP-SBJ *-2) (VP causing (NP (ADJP political and social) trauma))))))))) .)) (TOP (S (NP-SBJ Great American Bank) (VP said (SBAR 0 (S (NP-SBJ its board) (VP approved (NP (NP the formation) (PP of (NP (NP a holding company) (VP enabling (S (NP-SBJ the savings bank) (VP to (VP pursue (NP nontraditional banking activities) (PP-LOC under (NP a new federal law))))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 (NP The proposed holding company 's) primary purpose) (VP would (VP be (S-PRD (NP-SBJ *-1) (VP to (VP allow (S (NP-SBJ-2 Great American) (VP to (VP continue (S (NP-SBJ *-2) (VP engaging (PP-CLR in (NP real estate development activities))))))))))))) , (NP-SBJ it) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Those activities) (VP generated (NP (NP (QP $ 26.1 million) *U*) (PP-LOC in (NP operating profit))) (NP-TMP last year)) .)) (TOP (S But (PP according (PP to (NP Great American))) , (NP-SBJ such profits) (VP do n't (VP count (PP toward (S-NOM (NP-SBJ *) (VP meeting (NP (NP the San Diego savings bank 's) new capitalization requirements) (PP-LOC under (NP 1989 federal law))))))) .)) (TOP (S (NP-SBJ-1 The new real estate unit) (VP would (VP have (NP a separate capital structure) (S-PRP (NP-SBJ *-1) (VP to (VP comply (PP-CLR with (NP the law))))))) .)) (TOP (S (NP-SBJ The proposed holding company) (VP would (ADVP also) (VP consolidate (NP (NP (NP Great American Bank) (PP-LOC in (NP San Diego))) and (NP its (NAC-LOC Tucson , Ariz. ,) savings bank)) (PP-CLR into (NP (NP a single , (ADJP federally chartered) institution) (PP-LOC in (NP San Diego)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The consolidation) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP save (NP (NP (QP $ 1 million) *U*) (NP-ADV a year) (PP-LOC in (NP administrative costs))))))))) , (NP-SBJ a Great American spokesman) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Dale Lang) , (SBAR (WHNP-2 who) (S (NP-TMP this week) (NP-SBJ *T*-2) (VP completed (NP (NP the acquisition) (PP of (NP (NP the publisher) (PP of (NP Ms. and Sassy)))))))) ,) (VP is (ADJP-PRD candid (PP about (NP (NP the challenge) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP is (VP taking (NP *T*-1) (PRT on))))))))) .)) (TOP (S (NP-SBJ Mr. Lang) (VP admits (SBAR (SBAR that (S (NP-SBJ Ms.) (VP is `` (PP-LOC-PRD in (NP dire straits)) ''))) and (SBAR that (S (NP-SBJ Sassy) (VP needs (NP (NP big promotional dollars) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP keep (S (NP-SBJ it) (ADJP-PRD alive)))))))))))) .)) (TOP (S But (NP-SBJ-1 the 57-year-old publisher) (VP has (VP moved (ADVP-MNR quickly and boldly) (S (NP-SBJ *-1) (VP to (VP deal (PP-CLR with (NP (NP the magazines ') problems))))))) .)) (TOP (S (NP-TMP Last Friday) , (NP-SBJ he) (VP told (NP (NP the staff) (PP of (NP Ms.))) (SBAR that (S (NP-SBJ-1 the magazine) (PP-TMP in (NP January)) (VP would (VP begin (S (NP-SBJ *-1) (VP publishing (PP without (NP advertising))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Lang) (VP will (VP (VP do (PRT away) (PP-CLR with (NP (NP expensive circulation drives) (PRN , (S (NP-SBJ *) not (VP to (VP mention (NP sales staff)))) ,)))) and (VP attempt (S (NP-SBJ-3 *-1) (VP to (VP publish (NP the 17-year-old magazine) (S-ADV (NP-SBJ-2 *-3) (VP supported (NP *-2) (PP-LGS by (NP (NP circulation revenue) (ADVP alone))))))))))) .)) (TOP (S `` (NP-SBJ Any fool) (VP can (VP publish (NP a money-losing magazine))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ-2 I) (VP want (S (NP-SBJ *-2) (VP to (VP publish (NP (NP one) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP succeeds))))))))) , '' (VP said (S *T*-3)) (NP-SBJ Mr. Lang) .)) (TOP (S `` (PP For (NP Ms.)) , (NP-SBJ it) (VP 's (NP-PRD (NP time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP publish (PP-PRP for (NP (NP the reader) , not (NP the advertiser))) (ADVP-TMP *T*-1))))))) . '')) (TOP (S (PP As (PP for (NP (NP Sassy) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP competes (ADVP-MNR directly) (PP-CLR with (NP (NP News Corp. 's) Seventeen magazine))))) ,))) (NP-SBJ Mr. Lang) (VP says (SBAR that (S (PP-TMP in (NP the next two years)) (NP-SBJ-2 he) (VP will (VP spend (NP (QP $ 6 million) *U*) (S-CLR (NP-SBJ *-2) (VP promoting and improving (NP the magazine)))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ Sassy) (VP has (VP grown (ADVP-MNR quickly) (PP-TMP since (NP (NP its debut) (PP-TMP in (NP March 1988)))))))) , (NP-SBJ it) (VP has (VP been (NP-PRD (NP the target) (PP of (NP (NP (NP conservative lobbyists) and (NP skittish advertisers)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP bristled (PP-CLR at (NP (NP its frank editorial matter) (PP on (NP teen-age problems)))))))))))) .)) (TOP (S (NP-SBJ Mr. Lang) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the former Australian owners) (PP of (NP Sassy))) (VP were `` (VP blind-sided (NP *-1) (PP by (NP-LGS the Moral Majority))))))) ... .)) (TOP (S (NP-SBJ-1 Their reaction) (VP was (S-PRD (NP-SBJ *-1) (VP to (VP (VP do (NP nothing)) and (VP ride (NP it) (ADVP-CLR out)))))) . '')) (TOP (S (NP-SBJ He) (VP (VP said (SBAR 0 (S (NP-SBJ Sassy) (VP will (VP keep (NP its irreverent tone)))))) , but (VP added , `` (S (NP-SBJ We) (VP will (VP keep (NP-CLR a close watch) (PP-CLR on (NP (NP the editorial content) (PP of (NP the magazine))))))))) . '')) (TOP (S (S (NP-SBJ Sassy) (ADVP-TMP already) (VP has (VP recovered))) ; (S (S (NP-SBJ circulation) (VP has (ADVP-MNR quickly) (VP passed (NP the 500,000 mark)))) and (S (NP-SBJ advertising pages) (VP have (VP stabilized (NP-TMP this year) (PP-CLR at (NP (QP more than 300))))))) .)) (TOP (S (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD more)))) , (NP-SBJ Mr. Lang) (VP says (SBAR 0 (S (NP-SBJ he) (VP has (NP (SBAR-NOM (WHNP-2 what) (S (NP-SBJ all publishers) (VP wish (PP-CLR for (NP *T*-2))))) : (NP a (ADJP bona fide) niche)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 Seventeen) (VP is (VP written (NP *-2) (PP-PRP (ADVP more) for (NP (NP mothers) , not (NP their daughters)))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Lang) .)) (TOP (S `` But (NP-SBJ Sassy) (VP has (NP a different spirit)) .)) (TOP (S (S (NP-SBJ It) (VP gets (NP (NP more mail) (SBAR *ICH*-1)) (PP-TMP in (NP a month)) (SBAR-1 than (S (NP-SBJ McCall 's) (VP got (NP *?*) (PP-TMP in (NP a year))))))) , and (S (NP-SBJ it) (VP 's not (PP-PRD from (NP mothers)))) .)) (TOP (S (NP-SBJ I) (VP feel (PP-CLR about (NP Sassy)) (SBAR-MNR like (S (NP-SBJ I) (VP did (VP *?* (PP-CLR about (NP Working Woman)) (ADVP-TMP (NP 10 years) ago)))))) . '')) (TOP (S (NP-SBJ Mr. Lang) (VP took (ADVP-CLR on) (NP Ms. and Sassy) (PP with (NP (NP the acquisition) (PP of (NP Matilda Publications Inc.)) (PP by (NP his (ADJP newly formed) Lang Communications))))) .)) (TOP (S (NP-SBJ Lang) (VP owns (NP (NP 70 %) (PP of (NP Matilda))) , (SBAR-ADV while (S (NP-SBJ Citicorp) (VP owns (NP the rest) (PP through (NP its Citicorp Venture Capital Partners)))))) .)) (TOP (S (ADVP-TMP (NP Two weeks) ago) , (NP-SBJ-1 (NP Citicorp) and (NP Mr. Lang)) (VP pumped (NP $ 800,000 *U*) (PP-DIR into (NP Matilda)) (S-PRP (ADVP just) (NP-SBJ *-1) (VP to (VP keep (S (NP-SBJ the doors) (ADJP-PRD open)))))) .)) (TOP (S (S (NP-SBJ Industry observers) (VP have (VP congratulated (NP Mr. Lang) (PP on (SBAR-NOM (WHNP-1 what) (S (NP-SBJ some) (VP call (S (NP-SBJ *T*-1) (NP-PRD (NP his `` courageous '' handling) (PP of (NP Ms.))))))))))) , but (S (NP-SBJ (NP his track record) (PP-LOC in (NP magazine publishing)) (PP in (ADJP general))) (VP has (VP gotten (NP mixed reviews)))) .)) (TOP (S (PP Besides (NP Ms. and Sassy)) , (NP-SBJ (ADJP closely held) Lang Communications) (VP includes (NP (NP (NP Success) , (NP (NP a magazine) (PP for (NP (NP entrepreneurs) and (NP small businesses)))) ,) and (NP (NP (NP Working Woman) and (NP Working Mother)) , (NP two monthly magazines)))) .)) (TOP (S (NP-SBJ (NP (NP Working Woman) , (PP with (NP (NP circulation) (PP near (NP (QP one million))))) ,) and (NP (NP Working Mother) , (PP with (NP 625,000 circulation)) ,)) (VP are (NP-PRD legitimate magazine success stories)) .)) (TOP (S (NP-SBJ The magazine Success) , (ADVP however) , (VP was (PP-TMP for (NP years)) (ADJP-PRD lackluster and unfocused)) .)) (TOP (SINV (ADVP-TMP Only recently) (SINV has (NP-SBJ-1 it) (VP been (VP-3 (ADVP-MNR attractively) redesigned (NP *-1)))) and (SINV (NP-SBJ=1-2 its editorial product) (VP=3 improved (NP *-2))) .)) (TOP (S (NP-SBJ-1 Success) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP gain))) (PP-PRP (ADVP at least) because of (NP (NP the recent folding) (PP of (NP (NP rival Venture) , (NP (NP another magazine) (PP for (NP growing companies))))))))) .)) (TOP (S (NP-SBJ (NP Working Woman) and (NP Working Mother)) (VP have (VP operated (PP as (NP (NP part) (PP of (NP (NP (NP Working Woman/McCall 's) Group) , (NP (NP a less-than-successful joint venture) (PP between (NP (NP Mr. Lang) and (NP Time Warner Inc)))))))))) .)) (TOP (S (NP-SBJ-1 The joint venture) (VP is (VP being (VP undone (NP *-1) , (PP with (S-NOM (S (NP-SBJ-2 (NP McCall 's) magazine) (VP being (VP sold (NP *-2) (NP-TMP last summer) (PP-DTV to (NP (NP the New York Times Co. 's) Magazine Group)) (PP-CLR for (NP (QP about $ 80 million) *U*))))) , and (S (NP-SBJ-3 Time Warner) (VP agreeing (S (NP-SBJ *-3) (VP to (VP sell (ADVP-CLR back) (NP (NP its (ADJP 50 %) interest) (PP-LOC in (NP (NP Working Woman) and (NP Working Mother)))) (PP-DTV to (NP Mr. Lang)))))))))))) .)) (TOP (S (NP-SBJ (NP Executives) (PP-LOC at (NP (NP Time Inc . Magazine Co.) , (NP (NP a subsidiary) (PP of (NP Time Warner))) ,))) (VP have (VP said (SBAR 0 (S (NP-SBJ (NP the joint venture) (PP with (NP Mr. Lang))) (VP was n't (NP-PRD a good one)))))) .)) (TOP (S (NP-SBJ-1 (NP The venture) , (VP formed (NP *) (PP-TMP in (NP 1986))) ,) (VP was (VP supposed (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP (NP Time 's) low-cost , safe entry) (PP into (NP (NP women 's) magazines)))))))) .)) (TOP (S (NP-SBJ Mr. Lang) (VP surprised (NP Time) (PP-TMP (ADVP soon) after (S-NOM (NP-SBJ *) (VP joining (NP forces)))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP (VP negotiate (NP rates) (ADVP-MNR individually) (PP with (NP advertisers))) , (NP-ADV (NP a practice) (UCP (ADJP common (PP in (NP broadcasting))) but (VP considered (S (NP-SBJ *) (NP-PRD taboo)) (PP by (NP-LGS magazine publishers))))))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ McCall 's) (VP put (PRT in) (NP a (ADJP less than stellar) performance)) .)) (TOP (S (PP-TMP Until (NP a recent comeback)) , (NP-SBJ it) (VP saw (NP (NP steep losses) (PP-LOC in (NP (NP ad pages) and (NP circulation))))) .)) (TOP (S (S (NP-SBJ Time executives) (VP complained (PP-CLR about (NP the shoddy editorial quality)))) , and (S (PP-TMP in (NP the end)) , (NP-SBJ (NP one Time executive) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP asked (S (NP-SBJ-2 *-3) not (VP to (VP be (VP identified (NP *-2))))))))) (VP said , `` (S (ADVP Frankly) , (NP-SBJ (NP McCall 's) and (NP the joint venture)) (VP were (NP-PRD an embarrassment))))) . '')) (TOP (S (NP-SBJ Mr. Lang) (VP feels (SBAR that (S (NP-SBJ (NP Time 's) priorities) (VP changed)))) .)) (TOP (S `` (S (NP-SBJ Their management) (VP changed (SBAR-TMP (ADVP right) after (PRN -LCB- (S (NP-SBJ-1 the venture) (VP was (VP formed (NP *-1)))) -RCB-)))) , and (S (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ-2 they) (VP were (ADJP-PRD comfortable) (S-ADV (NP-SBJ *-2) (VP getting (PP-DIR into (NP (NP the competitive wars) (PP of (NP (NP women 's) service magazines)))))))))))) . '')) (TOP (S (NP-TMP Today) , (NP-SBJ Mr. Lang) (VP believes (SBAR 0 (S (NP-SBJ his magazines) (VP will (VP offer (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP many women 's) magazines) (VP do n't (VP *?* (NP *T*-1)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP write (ADVP-MNR straight) (PP-PRP for (NP women)) (PP-LOC on (NP their level)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ We) (VP do n't (VP have (NP passive readers))) . '')) (TOP (S (NP-SBJ Mr. Lang) (VP points (PRT out) (SBAR that (S (NP-SBJ even Success) (PRN , (PP in (NP part)) ,) (VP fits (NP (NP the company 's) image) , (SBAR-PRP since (S (NP-SBJ (NP (QP about 30) %) (PP of (NP its readership))) (VP is (ADJP-PRD female)))))))) .)) (TOP (S (NP-SBJ Mr. Lang) (VP has (VP named (NP (NP Carol Taber) , (NP 43) ,) (PP-CLR as (NP (NP group publisher) (PP of (NP (ADJP New York-based) Lang Communications)))))) .)) (TOP (S (NP-SBJ She) (VP will (VP (VP oversee (NP (NP Working Woman) , (NP Working Mother) and (NP Success magazines))) , and (VP retain (NP (NP her post) (PP as (NP (NP publisher) (PP of (NP Working Woman)))))))) .)) (TOP (S (NP-SBJ (NP The sale price) (PP of (NP (NP McCall 's))) (PRN -- (ADVP twice) (SBAR-NOM (WHNP-1 what) (S (NP-SBJ Mr. Lang) (ADVP-TMP originally) (VP paid (NP *T*-1) (PP-PRP for (NP it))))) --)) (VP will (VP finance (NP (NP (NP Lang Communications ') buy-back) (PP of (NP (NP (NP Time Warner 's) (ADJP 50 %) interest) (PP-LOC in (NP (NP Working Woman) and (NP Working Mother)))))))) .)) (TOP (S (NP-SBJ Mr. Lang) (VP says (SBAR 0 (S (NP-SBJ he) (VP is n't (VP scouting (NP new acquisitions) , (PP-TMP (ADVP at least) for (NP now))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ-2 We) (VP would (VP have (S (NP-SBJ *-2) (VP to (VP go (ADVP-CLR outside) (PP-DIR to (NP banks))))) (S-PRP (NP-SBJ *-2) (VP to (VP get (NP the money))))))) and (S (NP-SBJ-3 I) (VP am not (ADJP-PRD ready (S (NP-SBJ *-3) (VP to (VP do (NP that)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (ADVP Besides) , (NP-SBJ we) (VP have (NP enough) (PP-LOC on (NP our plate))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP plenty) (PP of (NP work)) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP done (NP *-1) (PP-LOC on (SBAR-NOM (WHNP-2 what) (S (NP-SBJ we) (VP have (NP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Britain 's) Monopolies and Mergers Commission) (NP-TMP Wednesday) (VP cleared (NP (NP (NP Rhone-Poulenc S.A. 's) purchase) (PP of (NP a specialty bulk-chemical unit)) (PP from (NP Monsanto Co.))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ-2 the purchase) (VP was (ADJP-PRD unlikely (S (NP-SBJ *-2) (VP to (VP have (NP (NP any lasting impact) (PP-LOC on (NP U.K. industrial consumers))))))))))))) .)) (TOP (S (NP-SBJ (NP The commission) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP was (VP asked (NP-4 *-3) (S (NP-SBJ *-4) (VP to (VP study (NP the deal)))) (PP-LGS by (NP (NP the Department) (PP of (NP Trade and Industry)))) (PP-TMP after (NP (NP its announcement) (PP-TMP in (NP February)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the diversity) (PP of (NP (NP global supply) (PP of (NP (NP chemicals) (VP used (NP *) (PP-LOC-CLR in (S-NOM (NP-SBJ *) (VP making (NP analgesic drugs)))))))))) (VP was (ADJP-PRD great enough (S (NP-SBJ *) (VP to (VP offset (NP (NP the dominant U.K. market share) (SBAR (WHNP-2 0) (S (NP-SBJ Rhone-Poulenc) (VP would (VP gain (NP *T*-2) (PP through (NP the acquisition))))))))))))))) .)) (TOP (S (NP-SBJ The French chemical giant) (VP would (VP hold (NP (NP an (ADJP 80 %) share) (PP of (NP (NP the U.K. market) (PP for (NP (NP salicylic acid) , (NP methyl salicylate) and (NP bulk aspirin)))))))) .)) (TOP (S (NP-SBJ The commission) (VP found (SBAR that (S (SBAR-ADV if (S (NP-SBJ-2 the British government) (VP attempted (S (NP-SBJ *-2) (VP to (VP block (NP the merger))))))) , (NP-SBJ-3 Rhone-Poulenc) (VP would (ADVP likely) (VP respond (PP-MNR by (S-NOM (NP-SBJ *-3) (VP closing (NP (NP the salicylates plant) (SBAR (WHNP-1 0) (S (NP-SBJ Monsanto) (VP operates (NP *T*-1)))) (PP-LOC in (NP Wales)))))) , (S-ADV (NP-SBJ *-3) (VP removing (NP the matter) (PP-DIR from (NP U.K. jurisdiction))))))))) .)) (TOP (S (NP-SBJ-1 Morrison Knudsen Corp.) (VP posted (NP (NP third-quarter net income) (PP of (NP (NP (QP $ 7.9 million) *U*) , or (NP (NP 69 cents) (NP-ADV a share))))) , (S-ADV (NP-SBJ *-1) (VP continuing (NP (NP a rebound) (PP from (NP steep year-ago losses)))))) .)) (TOP (S (PP-TMP In (NP the third quarter)) (NP-TMP a year-earlier) , (NP-SBJ the construction and engineering concern) (VP posted (NP (NP a loss) (PP of (NP (NP (QP $ 51.2 million) *U*) , or (NP (NP $ 4.68 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ (NP Revenue) (PP-TMP in (NP the latest quarter))) (VP rose (NP-EXT 14 %) (PP-DIR to (NP (QP $ 589 million) *U*)) (PP-DIR from (NP (QP $ 515.1 million) *U*))) .)) (TOP (S (PP-LOC In (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange)) , (NP-SBJ Morrison) (VP gained (NP $ 2.25 *U*) (PP-DIR to (NP $ 44.125 *U*))) .)) (TOP (S (NP-SBJ Morrison) (VP said (SBAR 0 (S (NP-SBJ the engineering and construction segment) (VP performed (ADVP-MNR well) , (PP with (S-NOM (NP-SBJ the mining and MK-Ferguson operations) (VP making (NP important contributions)))))))) .)) (TOP (S (S (NP-SBJ (ADJP Boise , Idaho-based) Morrison) (VP had (NP (NP losses) (VP totaling (NP (QP $ 186 million) *U*) (PP-TMP over (NP (NP the two years) (VP ended (PP-TMP in (NP December))))))))) , but (S (NP-SBJ it) (VP has (VP surged (ADVP-CLR back) (PP-DIR to (NP profitability)) (PP-PRP as (NP (NP a result) (PP of (NP (NP cost-cutting) and (S-NOM (NP-SBJ *) (VP shedding (PP-CLR of (NP unprofitable operations))))))))))) .)) (TOP (S (PP-TMP In (NP the nine months)) , (NP-SBJ (NP the company 's) net income) (VP was (NP-PRD (NP (NP (QP $ 21.5 million) *U*) , or (NP (NP $ 1.88 *U*) (NP-ADV a share)) ,) (PP compared (PP with (NP (NP a year-earlier loss) (PP of (NP (NP (QP $ 97.8 million) *U*) , or (NP (NP $ 8.96 *U*) (NP-ADV a share))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 17 %) (PP-DIR to (NP (QP $ 1.62 billion) *U*)) (PP-DIR from (NP (QP $ 1.39 billion) *U*))) .)) (TOP (S (NP-SBJ The House Ethics Committee) (VP (VP (ADVP-MNR officially) cited (NP-1 (NP Rep. Jim Bates) (PRN -LRB- (NP D.) , (NP-LOC Calif .) -RRB-)) (PP-PRP for (S-NOM (NP-SBJ *-1) (VP (ADVP-MNR sexually) harassing (NP two female employees))))) , but (VP did n't (VP recommend (NP formal disciplinary action)))) .)) (TOP (S (S (NP-SBJ Rep. Bates) (VP said (SBAR 0 (S (NP-SBJ he) (VP accepted (NP the finding)))))) , but (S (NP-SBJ (NP (NP one) (PP of (NP the victims))) , (NP Dorena Bertussi) ,) (VP denounced (NP (NP the ethics panel 's) action) (PP-CLR as `` (ADJP absurd)))) . '')) (TOP (S (S-ADV (NP-SBJ *-2) (VP Acting (SBAR-TMP (NP (QP more than a) year) after (S (NP-SBJ Ms. Bertussi) (VP filed (NP a complaint)))))) , (NP-SBJ-2 the panel) (VP issued (NP (NP a `` letter) (PP of (NP reproval)) '' (VP saying (SBAR 0 (S (NP-SBJ Rep. Bates) (VP had (VP admitted (NP (NP conduct) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP violated (NP (NP a House rule) (VP forbidding (NP (NP discrimination) (PP against (NP employees)) (PP on (NP (NP account) (PP of (NP their sex)))))))))))))))))) .)) (TOP (S (NP-SBJ It) (VP ordered (NP-1 Rep. Bates) (S (NP-SBJ *-1) (VP to (VP write (NP (NP letters) (PP of (NP apology)) (PP (PP to (NP Ms. Bertussi)) and (PP to (NP (NP a second complainant) , (NP Karen Dryden))))))))) .)) (TOP (S (NP-SBJ Rep. Bates) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP write (NP the letters) (SBAR-ADV as (S (NP-SBJ-1 *) (VP ordered (NP *-1))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP accept (NP (NP the resolution) (PP of (NP the matter)) (PP by (NP the Ethics Committee))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ The panel) (ADVP also) (VP warned (NP Rep. Bates) (SBAR that (S (NP-SBJ any further violations) `` (VP may (VP result (PP-CLR in (NP a recommendation (SBAR that (S (NP-SBJ-1 disciplinary action) (VP be (VP considered (NP *-1)))))))))))) . '')) (TOP (S But (NP-SBJ Ms. Bertussi) (VP asked , `` (SBARQ (WHNP-1 (WHNP Who) (PP-LOC in (NP their right mind))) (SQ (NP-SBJ-2 *T*-1) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP file (NP another complaint) (PP-CLR with (NP the Ethics Committee)))))))) ?) ''))) (TOP (S (NP-SBJ-1 Rep. Bates) (VP (VP has (VP (ADVP-MNR publicly) begged (PP-CLR for (NP (NP forgiveness) (PP from (NP voters)))))) and (VP was (VP re-elected (NP *-1) (PP with (NP (NP 60 %) (PP of (NP the vote)))) (NP-TMP last November)))) .)) (TOP (S (NP-SBJ Mesa Airlines) (VP said (SBAR 0 (S (NP-SBJ (NP the takeover offer) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP received (NP *T*-1) (NP-TMP earlier this week) (PP-DIR from (NP StatesWest Airlines)))))) (VP is (PP-PRP-PRD for (NP (NP a combination) (PP of (NP cash and securities)) (VP valued (NP *) (PP by (NP-LGS StatesWest)) (PP-CLR at (NP (NP $ 10 *U*) (NP-ADV a Mesa share)))))))))) .)) (TOP (S (NP-SBJ Both companies) (VP are (NP-PRD (NP regional carriers) (PP-LOC in (NP the Southwest)))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ it) (VP made (NP the offer) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 StatesWest) (VP (VP declined (S (NP-SBJ *-2) (VP to (VP disclose (NP details))))) and (VP asked (NP-3 Mesa) (S (NP-SBJ *-3) (VP to (VP do (NP the same)))))) .)) (TOP (S But (NP-SBJ (ADJP Farmington , N.M.-based) Mesa) (VP said (SBAR 0 (S (NP-SBJ the offer) (VP was (PP-PRP-PRD for (NP (NP (NP $ 7 *U*) (PP-LOC in (NP cash))) and (NP (NP unspecified StatesWest securities) (VP valued (NP *) (PP-CLR at (NP (NP $ 3 *U*) (NP-ADV a share))))))))))) .)) (TOP (S (PP Based (PP on (NP (NP the number) (PP of (NP (NP Mesa shares) (ADJP outstanding) (VP not (ADVP-TMP already) owned (NP *) (PP by (NP-LGS StatesWest)))))))) , (NP-SBJ the proposed takeover) (VP would (VP have (NP (NP a value) (PP of (NP (QP about $ 15.3 million) *U*))))) .)) (TOP (S (NP-SBJ StatesWest) (VP owns (NP (NP 7.25 %) (PP of (NP Mesa)))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ Mesa) (VP rejected (NP (NP a general proposal (SBAR *ICH*-1)) (PP from (NP StatesWest)) (SBAR-1 that (S (NP-SBJ the two carriers) (VP combine))))) .)) (TOP (S (PP In (NP (NP response) (PP to (NP the specific offer)))) , (NP-SBJ (NP Gary Risley) , (NP Mesa vice president) ,) (VP said (SBAR 0 (S (NP-SBJ management) (VP will (VP ask (NP-1 directors) (S (NP-SBJ *-1) (VP to (VP employ (NP (NP a financial consultant) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP advise (NP them)))))))))))))) .)) (TOP (S (NP-SBJ (NP Hawker Siddeley Group PLC) , (NP a U.K. engineering company) ,) (VP reported (NP (NP a (ADJP 16 %) jump) (PP-LOC in (NP pretax profit)) (PP for (NP (NP the six-month period) (VP ending (NP-TMP June 30)))))) .)) (TOP (S (NP-SBJ-2 Pretax profit) (VP rose (PP-DIR to (NP (NP (QP # 93.2 million) *U*) (PRN -LRB- (NP (QP $ 146.8 million) *U*) -RRB-))) (PP-DIR from (NP (NP (QP # 80.6 million) *U*) (PRN -LRB- (NP (QP $ 127 million) *U*) -RRB-))) , (S-ADV (NP-SBJ *-2) (VP matching (NP (NP (NP analysts ') expectations) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP ranged (PP-DIR (PP from (NP (QP # 90 million) *U*)) (PP to (NP (QP # 95 million) *U*)))))))))) .)) (TOP (S (NP-SBJ (NP Profit) (PP-TMP after (NP (NP taxes) and (NP minority interests)))) (VP increased (NP-EXT 16 %) (PP-DIR to (NP (QP # 55.2 million) *U*)) (PP-DIR from (NP (QP # 47.6 million) *U*)) (PP-TMP in (NP the year-earlier period)) , (SBAR-ADV while (S (NP-SBJ (NP earnings) (PP per (NP share))) (VP rose (NP-EXT 16 %) (PP-DIR to (NP (NP 27.9 pence) (PRN -LRB- (NP 44 cents) -RRB-))) (PP-DIR from (NP (NP 24.1 pence) (PRN -LRB- (NP 38 cents) -RRB-))))))) .)) (TOP (S (NP-SBJ Hawker Siddeley) (VP said (SBAR 0 (S (NP-SBJ its core electrical products division) (VP enjoyed (NP strong growth) , (PP with (NP (NP a (ADJP 20 %) rise) (PP-LOC in (NP operating profit)) (PP-TMP during (NP the period)))))))) .)) (TOP (S (NP-SBJ Fleet/Norstar Financial Group) (VP reported (NP (NP a (ADJP 12 %) increase) (PP-LOC in (NP net income)) (PP-TMP in (NP the third quarter)) , (VP led (NP *) (PP by (NP-LGS (NP a (ADJP 43 %) gain) (PP-LOC in (NP its financial services group))))))) .)) (TOP (S (NP-SBJ (NP Fleet 's) net) (VP was (NP-PRD (NP (NP (QP $ 96.4 million) *U*) , or (NP (NP 86 cents) (NP-ADV a primary share)) ,) (PP compared (PP with (NP (NP (NP (QP $ 85.8 million) *U*) , or (NP (NP 79 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ (NP The (NAC-LOC Providence , R.I. ,) financial services group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP commercial-credit , leasing and mortgage-banking operations)))) ,) (VP contributed (NP (NP (QP $ 30.6 million) *U*) (ADVP *ICH*-2)) (PP-CLR to (NP net)) , (ADVP-2 up (PP from (NP (NP last year 's) (QP $ 21.3 million) *U*)))) .)) (TOP (S (NP-SBJ Fleet) (ADVP also) (VP noted (SBAR that , (S (PP unlike (NP (NP other banking companies) (PP-LOC in (NP the Northeast)))) , (NP-SBJ-1 it) (VP has (VP been (VP (ADVP only marginally) hurt (NP *-1) (PP by (NP-LGS (NP nonperforming loans) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP have (VP resulted (PP-CLR from (NP the slumping regional real estate market)))))))))))))) .)) (TOP (S (NP-SBJ Fleet) (VP reported (NP (NP nine-month net) (PP of (NP (NP (QP $ 279.0 million) *U*) , or (NP (NP $ 2.51 *U*) (NP-ADV a primary share)) ,)) (ADVP up (PP from (NP (NP (NP (QP $ 248.2 million) *U*) , or (NP (NP $ 2.28 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Benj . Franklin Federal Savings & Loan Association) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ-2 *-1) (VP to (VP post (NP (NP a third-quarter net loss) (PP of (NP (NP (QP about $ 8 million) *U*) , or (NP (NP $ 1.04 *U*) (NP-ADV a share))))) , (PP-PRP as (NP (NP a result) (PP of (S-NOM (NP-SBJ *-2) (VP adding (NP (NP (QP $ 11 million) *U*) (PP-LOC in (NP loan-loss reserves))))))))))))))) .)) (TOP (S (NP-SBJ (NP The (NAC-LOC Portland , Ore. ,) thrift) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP (QP $ 5.2 billion) *U*) (PP of (NP assets)))))) ,) (VP had (NP (NP net income) (PP-TMP in (NP (NP last year 's) third quarter)) (PP of (NP (NP (QP $ 1.8 million) *U*) , or (NP (NP 23 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Franklin) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP earnings) (PP for (NP the latest quarter))) (NP-TMP next week)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The additional reserves) (VP relate (PP-CLR to (NP (NP (NP possible write-downs) (PP of (NP (NP certain assets) (VP held (NP *) (PP by (NP-LGS (NP Franklin) and (NP its subsidiaries))))))) and (NP (NP the default) (PP of (NP (NP a bond) (PP-LOC in (NP its investment portfolio))))))))) , (NP-SBJ the thrift) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP According (PP to (NP a spokeswoman))) , (NP-SBJ they) (ADVP also) (VP relate (PP-CLR to (NP (NP changes) (SBAR (WHNP-1 0) (S (NP-SBJ-2 Franklin) (VP will (VP have (S (NP-SBJ *-2) (VP to (VP make (NP *T*-1) (S-PRP *ICH*-3)))))))) (PP-LOC in (NP its accounting procedures)) (S-PRP-3 (NP-SBJ *) (VP to (VP comply (PP-CLR with (NP (NP new federal capitalization requirements) (PP for (NP thrifts)))))))))) .)) (TOP (S (NP-SBJ (NP The company 's) shares) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 4.25 *U*)) , (ADVP off (NP 25 cents)) , (PP-LOC in (NP national over-the-counter trading))) .)) (TOP (S (NP-SBJ Arkla Inc.) (VP said (SBAR that (S (PP as (NP (NP part) (PP of (NP (NP a program) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP improve (NP profitability))))))))) (NP-SBJ it) (VP will (VP take (NP (NP a total) (PP of (NP (NP (QP $ 189 million) *U*) (PP in (NP after-tax charges))))) (PP-TMP by (NP year end))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP announced (NP (NP an initial public offering) (PP of (NP (NP 18 %) (PP of (NP its gas exploration and production subsidiary)))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Shreveport , La. ,) natural gas company) (VP said (SBAR 0 (S (NP-SBJ-1 the charges) , (SBAR-ADV though (S (NP-SBJ-2 *-1) (VP (ADVP-MNR partially) offset (NP *-2) (PP by (NP-LGS (NP a one-time gain) (PP from (NP the offering))))))) , (VP will (VP result (PP-CLR in (NP a full-year after-tax loss))))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ the company) (VP had (NP (NP net income) (PP of (NP (NP (QP $ 117.3 million) *U*) , or (NP (NP $ 1.30 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Arkla) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP report (NP (NP (QP $ 179 milllion) *U*) (PP-LOC in (NP (NP one-time charges) (PP against (NP continuing operations)))) (PP for (NP the third quarter))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP settlement) (PP of (NP certain natural gas contracts)))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP take (NP (NP a (ADJP (QP $ 10 million) *U*) fourth-quarter charge) (PP against (NP discontinued operations))) , (S (NP-SBJ *) (VP reflecting (NP (NP certain write-downs) and (NP (NP the planned sale) (PP of (NP a unit))))))))))) .)) (TOP (S (NP-SBJ Arkla) (VP said (SBAR 0 (S (NP-SBJ-2 (NP its initial offering) (PP of (NP (NP 18 %) (PP of (NP Arkla Exploration Co.))))) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP result (PP-CLR in (NP (NP a net gain) (PP of (NP (NP (QP about $ 90 million) *U*) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP will (VP be (VP used (NP-4 *-3) (S-CLR (NP-SBJ *-4) (VP to (VP pay (ADVP-CLR down) (NP Arkla debt))))))))))))))))))))) .)) (TOP (S (NP-SBJ Arkla Exploration) (VP owns (NP (NP sizable gas and crude-oil reserves) (PP-LOC in (NP the South and Southwest)))) .)) (TOP (S (S-TPC-2 (NP-SBJ South Africa) (VP negotiated (NP (NP a new debt agreement) (PP *ICH*-1)) (PP-CLR with (NP its major foreign creditors)) (PP-1 for (NP (NP (QP about $ 8 billion) *U*) (PP of (NP (NP its foreign debt) (ADJP outstanding))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Chris Stals) , (NP (NP (NP governor) (PP of (NP the Reserve Bank))) and (NP (NP the country 's) chief debt negotiator))) .)) (TOP (S (NP-SBJ The new agreement) (VP will (VP last (PP-TMP for (NP (NP 3 1/2 years) (PP-TMP starting (NP (NP July 1 , 1990) , (SBAR (WHADVP-1 when) (S (NP-SBJ the current agreement) (VP expires (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (NP-SBJ The announcement) (VP coincides (PP-CLR with (NP (NP the start) (PP of (NP (NP the Commonwealth Ministers Conference) (PP-LOC in (NP (NP Kuala Lumpur) , (SBAR (WHADVP-4 where) (S (NP-SBJ-3 (NP proposals) (PP for (NP (NP renewed sanctions) (PP against (NP South Africa)) , (PP including (NP (NP moves) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP block (NP (NP settling) (PP of (NP a new debt agreement))))))))) ,))) (VP were (VP scheduled (S (NP-SBJ-1 *-3) (VP to (VP be (VP discussed (NP *-1) (ADVP-LOC *T*-4)))))))))))))))) .)) (TOP (S (PP As (PP with (NP the previous pact))) , (NP-SBJ the new agreement) (VP covers (NP (NP (NP the country 's) debt) `` (PP-LOC inside (NP (NP the net) , '' (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP applies (ADVP mainly) (PP-CLR to (NP (NP repayments) (ADJP due (PP to (NP overseas creditor banks))) (PP by (NP the private sector))))))))))) .)) (TOP (S (NP-SBJ The agreement) (VP calls (SBAR-CLR for (S (NP-SBJ South African debtors) (VP to (VP make (NP repayments) (PP in (NP eight installments)) , (PP-TMP starting (PP in (NP (NP December) (PP of (NP next year)))))))))) .)) (TOP (S (NP-SBJ-1 The redemption) (ADVP then) (VP would (VP be (PP-PRD at (NP (NP 1.5 %) (PP of (NP the total debt)))) , (S-ADV (NP-SBJ *-1) (VP (VP increasing (PP-DIR-2 to (NP 2.5 %)) (PP-TMP-3 in (NP February 1991)) (ADVP-TMP-4 *NOT*)) , and (VP (PP-DIR=2 to (NP 3 %)) (PP-TMP=3 at (NP six-month intervals)) (ADVP-TMP=4 thereafter)))))) .)) (TOP (S (NP-SBJ-1 (NP A revised provision) (PP *ICH*-2)) (VP would (VP be (VP included (NP *-1) (PP-2 for (NP (NP the conversion) (PP of (NP (NP short-term claims) (PP-LOC inside (NP the net)))) (PP to (NP (NP long-term loans) (PP-LOC outside (NP the net))))))))) .)) (TOP (S (NP-SBJ These claims) (VP would (VP be (ADJP-PRD repayable (PP over (NP a 10-year period))))) .)) (TOP (S (NP-SBJ (NP Foreign debt) (VP falling (PP-LOC-CLR outside (NP (NP the net) (PP of (NP affected indebtedness)) -- (SBAR (WHNP-1 which) (S (NP-SBJ Mr. Stahl) (VP estimated (NP *T*-1) (PP-CLR at (NP (QP $ 12 billion) *U*))))) --)))) (VP would (VP remain (ADJP-PRD not subject (PP to (NP the debt arrangements))))) .)) (TOP (S (NP-SBJ New York Times Co.) (VP said (SBAR 0 (S (NP-SBJ net income) (VP rose (PP-TMP in (NP the third quarter)) (PP-PRP because of (NP (NP a one-time gain) (PP-LOC on (NP (NP the sale) (PP of (NP (NP the company 's) cable-TV system)))))))))) .)) (TOP (S (NP-SBJ Net) (VP surged (PP-DIR to (NP (NP (QP $ 210.8 million) *U*) , or (NP (NP $ 2.68 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 26.7 million) *U*) , or (NP (NP 33 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ The latest quarter) (VP included (NP (NP a gain) (PP of (NP (NP (QP $ 193.3 million) *U*) , or (NP (NP $ 2.46 *U*) (NP-ADV a share)) ,)) (PP from (NP (NP the sale) (PP of (NP New York Times Cable)) , (VP completed (NP *) (PP-TMP in (NP August))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (ADJP-PRD Exclusive (PP of (NP the gain)))) , (NP-SBJ operating profit) (VP declined (NP-EXT 35 %) (PP-DIR to (NP (NP (QP $ 16.4 million) *U*) , or (NP (NP 21 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 25.2 million) *U*) , or (NP (NP 31 cents) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ The decline) (VP (ADVP primarily) reflected (NP (NP (NP the dilution) (PP from (S-NOM (NP-SBJ *) (VP acquiring (NP (NP McCall 's) , (NP (NP Golf World) (PRN -LRB- (NP-LOC U.S.) -RRB-)) and (NP Sailing World magazines)))))) ; (NP (NP lower equity earnings) (PP from (NP the forest-products group)) (PP-PRP because of (NP (NP price discounting) and (NP an unfavorable exchange rate)))) , and (NP (NP an (ADJP 8.7 %) decline) (PP-LOC in (NP advertising linage)) (PP-LOC at (NP (NP the New York Times) , (NP (NP the company 's) flagship newspaper)))))) .)) (TOP (S (NP-SBJ (NP Advertising volume) (PP-LOC at (NP (NP the company 's) 35 regional newspapers))) (VP decreased (NP-EXT 1.1 %)) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 the negative factors) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP continue (PP-DIR into (NP next year)))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 6.4 %) (PP-DIR to (NP (QP $ 415.3 million) *U*)) (PP-DIR from (NP (QP $ 390.5 million) *U*))) .)) (TOP (S (NP-SBJ-2 Democrat Gene Taylor) (VP won (NP (NP a special election) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP fill (NP (NP the congressional seat) (VP vacated (NP *) (PP by (NP-LGS (NP the death) (PP of (NP Republican Larkin Smith))))))))))) , (S-ADV (NP-SBJ *-2) (VP taking (ADVP-CLR back) (NP (NP (NP the GOP 's) lone redoubt) (PP-LOC in (NP (NP Mississippi 's) House delegation)))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Taylor 's) overwhelming victory) (PP against (NP Republican Tom Anderson))) (VP (VP reclaims (NP (NP a seat) (SBAR (WHNP-1 0) (S (NP-SBJ the Republicans) (VP had (VP held (NP *T*-1) (PP-TMP for (NP 17 years)))))))) and (VP gives (NP the Democrats) (NP (NP their fifth victory) (PP-LOC in (NP (NP the seven special House elections) (VP held (NP *) (NP-TMP this year))))))) .)) (TOP (S (NP-SBJ (NP Mr. Taylor) , (NP (NP a 36-year-old state senator) (PP from (NP Bay St. Louis))) ,) (VP won (NP (NP 65 %) (PP of (NP the vote))) (PP-LOC in (NP (NP a district) (SBAR (SBAR (WHNP-1 that) (S (NP-SBJ *-1) (VP has (VP voted (S-CLR (NP-SBJ *) (ADJP-PRD Republican)) (PP-LOC in (NP the past five presidential elections)))))) and (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP was (ADVP-TMP once) (VP represented (NP *-3) (PP by (NP-LGS Republican U.S. Sen. Trent Lott)))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Taylor 's) victory) (VP was (NP-PRD an embarrassment) (PP for (NP (UCP both state and national) Republicans))) .)) (TOP (S (NP-SBJ (NP Mr. Anderson) , (NP a former Lott aide) ,) (VP received (NP campaign assistance) (PP-DIR (PP from (NP the senator)) and (PP from (NP (NP President Bush) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP visited (NP the district) (NP-TMP last week)))))))) .)) (TOP (S (ADVP Even so) , (NP-SBJ Mr. Taylor) (VP carried (NP (NP all) (PP but (NP one)) (PP of (NP (NP the district 's) dozen counties)))) .)) (TOP (S (NP-SBJ Rep. Smith) (VP died (PP-LOC in (NP a plane crash)) (PP-TMP on (NP Aug. 13))) .)) (TOP (S (NP-SBJ Wall Street Journal reporters) (VP called (NP (NP companies) (PP with (NP (NP headquarters or facilities) (PP-LOC in (NP the Bay area))))) (PP-LOC in (NP a bid (S (NP-SBJ *) (VP to (VP assess (NP (NP the damage) (PP to (NP their operations)) (VP caused (NP *) (PP by (NP-LGS (NP Tuesday 's) earthquake)))))))))) .)) (TOP (S (NP-SBJ The calls) (VP reached (NP (NP (NP many) , but (NP certainly not all) ,) (PP of (NP (NP the (ADJP publicly held) companies) (PP with (NP (NP operations) (PP-LOC in (NP the area)))))))) .)) (TOP (S (PP-LOC In (NP most cases)) (NP-SBJ (NP damage) (PP to (NP company facilities and operations))) (VP was (ADJP-PRD minimal)) .)) (TOP (S (NP-SBJ (NP ADIA SERVICES INC.) , (NP-LOC Menlo Park) , (NP temporary personnel agency) , (NP (NP annual sales) (PP of (NP (QP $ 504 million) *U*))) , (NP OTC) ,) (VP said (SBAR 0 (S (NP-SBJ (NP (QP all 30) offices) (PP-LOC in (NP Bay area))) (VP were (UCP-PRD (VP working) , but (PP-LOC in (NP (NP various states) (PP of (NP disarray))))))))) .)) (TOP (S (NP-SBJ Business) (VP was (ADJP-PRD slow) (SBAR-PRP because (S (NP-SBJ many companies) (VP were (ADJP-PRD closed) (NP-TMP yesterday))))) .)) (TOP (S (NP-SBJ (NP ADVANCED MICRO DEVICES INC.) , (NP-LOC Sunnyvale) , (NP integrated circuit maker) , (NP (NP annual sales) (PP of (NP (QP $ 1.12 billion) *U*))) , (NP NYSE) ,) (VP had (NP (ADJP only minor) structural damage)) .)) (TOP (S (S (NP-SBJ (NP Most) (PP of (NP its 4,500 workers))) (VP were (PP-LOC-PRD at (NP work)) (NP-TMP yesterday))) , and (S (NP-SBJ-1 no production slowdown) (VP was (VP anticipated (NP *-1) (ADVP-TMP (ADVP as long) (SBAR as (S (NP-SBJ electricity) (VP remains (ADJP-PRD available)))))))) .)) (TOP (S (S (NP-SBJ (NP AMDAHL CORP.) , (NP-LOC Sunnyvale) , (NP computer maker) , (NP (NP annual sales) (PP of (NP (QP $ 1.8 billion) *U*))) , (NP Amex) ,) (VP was (ADJP-PRD closed) (NP-TMP yesterday))) and (S (NP-SBJ no damage estimates) (VP were (ADJP-PRD available))) .)) (TOP (S (S (NP-SBJ (NP AMERICAN BUILDING MAINTENANCE INDUSTRIES Inc.) , (NP-LOC San Francisco) , (NP (NP provider) (PP of (NP maintenance services))) , (NP (NP annual revenue) (PP of (NP (QP $ 582 million) *U*))) , (NP NYSE) ,) (VP (VP had (NP (NP some damage) (PP to (NP headquarters)))) and (VP lost (NP phone service)))) , but (S (NP-SBJ-2 operations) (VP (VP were (VP moved (NP *-2) (PP-DIR to (NP a branch office)))) and (VP are (VP running (ADVP-MNR smoothly) (NP-ADV (NP thanks) (PP to (NP (NP a decentralized computer system) (SBAR (WHNP-1 0) (S (NP-SBJ the company) (VP had (VP developed (NP *T*-1) (PP-TMP before (NP the quake))))))))))))) .)) (TOP (S (NP-SBJ (NP AMERICAN PRESIDENT COS.) , (NP-LOC Oakland) , (NP shipping concern) , (NP (NP annual sales) (PP of (NP (QP $ 2.2 billion) *U*))) , (NP NYSE) ,) (VP had (NP (NP little damage) (PP to (NP (NP the (NX (NX cranes) , (NX dock) or (NX rail track))) (PP-LOC at (NP (NP its container-ship facility) (PP-LOC near (NP the collapsed Route 880 overpass)))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP expects (S (NP-SBJ *-1) (VP to (VP work (NP (NP a ship) (ADJP due (ADVP in) (NP-TMP today))) (PP with (NP minimal delays)) , (PP despite (NP sporadic power)))))) .)) (TOP (S (NP-SBJ (NP ANACOMP INC.) , (NP-LOC Indianapolis) , (NP NYSE) ,) (VP said (SBAR 0 (S (NP-SBJ (NP its Xidex Corp. unit) , (NP (NP a Sunnyvale maker) (PP of (NP computer disks and microfilm)) (PP with (NP (NP annual sales) (PP of (NP (QP $ 637 million) *U*))))) ,) (VP (VP had (NP (ADJP only minor) damage)) and (VP is (ADJP-PRD fully operational)))))) .)) (TOP (S (NP-SBJ (NP ANTHEM ELECTRONICS INC.) , (NP-LOC San Jose) , (NP (NP distributor) (PP of (NP electronic parts))) , (NP (NP annual sales) (PP of (NP (QP about $ 300 million) *U*))) , (NP NYSE) ,) (VP (VP sustained (NP (ADJP very little) damage)) , (VP anticipated (VP being `` (PP-PRD in (NP (ADJP 100 %) operating condition)) '' (PP-TMP by (NP midday))))) .)) (TOP (S (NP-SBJ (NP APPLE COMPUTER CO.) , (NP-LOC Cupertino) , (NP computer maker) , (NP (NP annual sales) (PP of (NP (QP $ 4.07 billion) *U*))) , (NP OTC) ,) (VP sustained (NP some structural damage)) .)) (TOP (S (NP-SBJ Offices) (VP were (ADJP-PRD closed) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ (NP APPLIED MATERIALS INC.) , (NP-LOC Santa Clara) , (NP (NP maker) (PP of (NP computer-chip machine systems))) , (NP (NP annual sales) (PP of (NP (QP $ 490 million) *U*))) , (NP OTC) ,) (VP had (NP (NP (NP slight damage) (PP to (NP headquarters))) , (NP (NP no damage) (PP to (NP manufacturing plants))))) .)) (TOP (S (NP-SBJ (NP Company) , (PP with (NP (NP 1,750 workers) (PP-LOC in (NP area)))) ,) (VP is (ADJP-PRD fully functional)) .)) (TOP (S (NP-SBJ-1 (NP ATARI CORP.) , (NP-LOC Sunnyvale) , (NP (NP maker) (PP of (NP personal computers and software))) , (NP (NP annual sales) (PP of (NP (QP $ 700 million) *U*))) , (NP Amex) ,) (VP (VP had (NP minor damage)) and (VP expects (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD fully operational) (PP-TMP by (NP tomorrow))))))) .)) (TOP (S (S (NP-SBJ (NP BANKAMERICA Corp.) , (NP-LOC San Francisco) , (NP bank holding company) , (NP (NP annual revenue) (PP of (NP (QP $ 10.2 billion) *U*))) , (NP NYSE) ,) (NP-TMP yesterday) (VP had (NP no power) (PP-LOC at (NP its headquarters)))) , (S (NP-SBJ (NP 80) (PP of (NP its 433 Northern California branches))) (VP were (ADJP-PRD closed))) and (S (NP-SBJ (QP 250 of 750) automatic teller machines) (VP were (ADJP-PRD closed) (PP-LOC in (NP the area)))) .)) (TOP (S (NP-SBJ-1 Securities trading) (VP was (VP conducted (NP *-1) (PP-LOC in (NP (NP a backup facility) (PP-LOC in (NP Concord)))))) .)) (TOP (S (S (NP-SBJ (NP BECHTEL CORP.) , (NP-LOC San Francisco) , (NP engineering and construction concern) , (NP (NP annual sales) (PP of (NP (QP $ 4 billion) *U*))) ,) (VP had (NP (ADJP only minor) structural damage) (PP-LOC at (NP (NP its three buildings) (PP-LOC in (NP the city)))))) , but (S (NP-SBJ-1 its computers) (VP were (VP knocked (NP *-1) (PRT out)))) .)) (TOP (S (S (NP-SBJ-1 Backup computer tapes) (VP were (VP hand-carried (NP *-1) (PP-DIR to (NP (NP an IBM office) (PP-LOC in (NP Philadelphia))))))) , and (S (NP-SBJ the company) (VP expects (S (NP-SBJ its mainframe) (VP to (VP be (ADVP-PRD up) (PP-TMP in (NP (QP a few) days))))))) .)) (TOP (S (NP-SBJ-1 Workers) , (PP except (PP for (NP senior management))) , (VP were (VP asked (NP-2 *-1) (S (NP-SBJ *-2) not (VP to (VP report (PP-CLR for (NP work)) (NP-TMP yesterday)))))) .)) (TOP (S (NP-SBJ (NP BIO-RAD LABORATORIES INC.) , (NP-LOC Hercules) , (NP biological research and clinical-products leader) , (NP (NP (QP $ 200 million) *U*) (PP-LOC in (NP annual sales))) , (NP Amex) ,) (VP said (SBAR 0 (S (NP-SBJ (NP its Richmond warehouse) (ADVP-LOC north (PP of (NP San Francisco)))) (VP was (ADJP-PRD closed) (PP-PRP because of (NP (NP debris) and (NP fallen shelves))))))) .)) (TOP (S (NP-SBJ-1 It) (VP expects (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD fully operational) (PP-TMP by (NP next week)))))) .)) (TOP (S (NP-SBJ (NP BORLAND INTERNATIONAL) , (NP-LOC Scotts Valley) , (NP personal computer and software designer) , (NP (NP annual sales) (PP of (NP (QP $ 72 million) *U*))) ,) (VP (VP had (NP (NP heavy damage) (PP to (NP its headquarters)))) and (VP was (VP conducting (NP business) (PP from (NP its parking lot))))) .)) (TOP (S (NP-SBJ The company) (VP does n't (VP expect (NP any shipping delays))) .)) (TOP (S (NP-SBJ (NP BUSINESSLAND INC.) , (NP-LOC San Jose) , (NP computer retail company) , (NP (NP annual sales) (PP of (NP (QP $ 1.1 billion) *U*))) , (NP NYSE) ,) (VP said (SBAR 0 (S (NP-SBJ (NP all 16 corporate office and stores) (PP-LOC in (NP the area))) (VP were (ADJP-PRD open) (PP with (NP (NP the exception) (PP of (NP (NP a retail center) (PP-LOC in (NP (NP San Francisco 's) business district)))))))))) .)) (TOP (S (NP-SBJ That facility) (VP should (VP reopen (NP-TMP today))) .)) (TOP (S (NP-SBJ (NP CARTER HAWLEY HALE STORES Inc.) , (NP-LOC Los Angeles) , (NP retailer) , (NP (NP annual sales) (PP of (NP (QP $ 2.79 billion) *U*))) , (NP NYSE) ,) (VP said (SBAR 0 (S (NP-SBJ (NP nine) (PP of (NP (NP its 22 Emporium stores) (PP-LOC in (NP the area))))) (VP were (ADJP-PRD closed) (PP-PRP because of (NP (NP water damage) , (NP broken windows) and (NP fallen displays))))))) .)) (TOP (S (NP-SBJ A spokesman) (VP said (SBAR 0 (S (S (NP-SBJ-3 sales) (VP are (VP expected (S (NP-SBJ-1 *-3) (VP to (VP be (VP hurt (NP *-1)))))))) , but (S (NP-SBJ-2 the losses) (VP are (VP covered (NP *-2) (PP by (NP-LGS insurance)))))))) .)) (TOP (S (S (NP-SBJ (NP CHEVRON CORP.) , (NP-LOC San Francisco) , (NP oil company) , (NP (NP annual sales) (PP of (NP (QP $ 25.2 billion) *U*))) , (NP NYSE) ,) (VP had (NP (NP minor damage) (PP to (NP downtown headquarters))))) , but (S (NP-SBJ structural damage) (VP closed (NP (NP two) (PP of (NP (NP its seven buildings) (PP-LOC in (NP San Ramone industrial park))))))) .)) (TOP (S (NP-SBJ-1 Company) (VP expects (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD fully operational) (PP-TMP by (NP next week)))))) .)) (TOP (S (NP-SBJ-1 (NP CLOROX Co.) , (NP-LOC Oakland) , (NP consumer products) , (NP (NP annual sales) (PP of (NP (QP $ 1.36 billion) *U*))) , (NP NYSE) ,) (VP (VP was (ADJP-PRD closed) (NP-TMP yesterday)) but (VP plans (S (NP-SBJ *-1) (VP to (VP reopen (NP-TMP today or tomorrow)))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (S (NP-SBJ-1 orders) (VP are (VP being (VP routed (NP *-1) (PP-DIR through (NP (NP Kingsford Products unit) (PP-LOC in (NP (NP Louisville) , (NP Ky.))))))))) , but (S (NP-SBJ computer problems) (VP mean (SBAR 0 (S (NP-SBJ-2 they) (VP must (VP be (VP processed (NP *-2) (ADVP-MNR manually)))))))) .)) (TOP (S (NP-SBJ-1 *) (VP Expects (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD fully operational) (NP-TMP early next week))))) .)) (TOP (S (NP-SBJ-1 (NP COHERENT INC.) , (NP-LOC Palo Alto) , (NP laser maker) , (NP (NP annual sales) (PP of (NP (QP $ 159 million) *U*))) ,) (VP (VP was (ADJP-PRD closed) (NP-TMP yesterday)) but (VP expects (S (NP-SBJ *-1) (VP to (VP reopen (NP-TMP today)))))) .)) (TOP (S (NP-SBJ (NP CONSOLIDATED FREIGHTWAYS INC.) , (NP-LOC Menlo Park) , (NP trucking company) , (NP (NP (QP $ 2.69 billion) *U*) (PP-LOC in (NP annual sales))) , (NP NYSE) ,) (VP had (NP (NP (NP structural damage) (PP to (NP (NP (NP CF Motor Freight subsidiary 's) office) (PP-LOC in (NP Palo Alto))))) , (NP (NP no damage) (PP-LOC in (NP Menlo Park))))) .)) (TOP (S (NP-SBJ (NP COOPER COMPANIES INC.) , (NP-LOC Palo Alto) , (NP medical products maker) , (NP (NP annual sales) (PP of (NP (QP $ 628 million) *U*))) , (NP NYSE) ,) (VP (VP had (NP little damage)) and (VP was (PP-PRD in (NP full operation)) (NP-TMP yesterday))) .)) (TOP (S (NP-SBJ (NP DAYTON HUDSON CORP.) , (NP-LOC Minneapolis) , (NP retailer) , (NP (NP annual sales) (PP of (NP (QP $ 12.2 billion) *U*))) , (NP NYSE) ,) (VP closed (NP (NP (NP seven) (PP of (NP its 13 Bay-area Target discount stores))) and (NP (NP nine) (PP of (NP its 20 (NP Mervyn 's) department stores)))) (PP-PRP because of (NP (NP (NP pending reviews) (PP by (NP structural engineers))) or (NP (NP requests) (PP from (NP (NP authorities) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP were (VP trying (S (NP-SBJ *-2) (VP to (VP keep (NP shoppers) (PP-CLR off (NP the freeways))))))))))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP expects (S (NP-SBJ *-1) (VP to (VP reopen (NP (NP three Target stores) and (NP (QP all but two) Mervyn 's)) (NP-TMP today or tomorrow))))) .)) (TOP (S (NP-SBJ (NP DIASONICS INC.) , (NP-LOC South San Francisco) , (NP (NP maker) (PP of (NP magnetic resonance imaging equipment))) , (NP (NP annual sales) (PP of (NP (QP $ 281 million) *U*))) , (NP Amex) ,) (VP had (NP minor damage) , (PP-LOC (ADVP mostly) in (NP a stockroom))) .)) (TOP (S (NP-SBJ-1 The company) (VP plans (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD fully operational) (NP-TMP today))))) .)) (TOP (S (NP-SBJ (NP DIGITAL EQUIPMENT CORP.) , (NP-LOC (NP Maynard) , (NP Mass.)) , (NP computer maker) , (NP (NP annual sales) (PP of (NP (QP $ 12.7 billion) *U*))) , (NP NYSE) ,) (VP had (NP (NP (NP structural damage) (PP-LOC at (NP its San Francisco sales office))) but (NP (NP no appreciable damage) (PP (ADVP elsewhere) in (NP (NP the area) , (PP including (NP its Cupertino plant))))))) .)) (TOP (S (NP-SBJ (NP DREYER'S GRAND ICE CREAM INC.) , (NP-LOC Oakland) , (NP ice cream maker) , (NP (NP annual sales) (PP of (NP (QP $ 225 million) *U*))) , (NP OTC) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP delivering (NP ice cream) (SBAR-LOC (WHADVP-1 wherever) (S (NP-SBJ roads) (VP are (ADJP-PRD passable) (ADVP-LOC *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP EVEREX SYSTEMS INC.) , (NP-LOC Fremont) , (NP (NP maker) (PP of (NP (NP personal computers) and (NP peripherals)))) , (NP (NP annual sales) (PP of (NP (QP $ 377 million) *U*))) , (NP OTC) ,) (VP (VP had (NP minor damage)) and (VP was (ADJP-PRD almost fully operational) (NP-TMP yesterday))) .)) (TOP (S (NP-SBJ (NP EXXON Corp.) , (NP-LOC New York) , (NP oil company) , (NP NYSE) ,) (VP said (SBAR 0 (S (NP-SBJ (NP its refinery) (ADVP-LOC northeast (PP of (NP San Francisco)))) (VP was (VP operating (PP at (NP a slightly reduced rate)) (PP as (NP a precaution)) (PP in (NP (NP case) (PP of (NP aftershocks))))))))) .)) (TOP (S (NP-SBJ (NP FORD MOTOR CO.) , (NP-LOC Dearborn) , (NP Mich.) , (NP auto maker) , (NP (NP annual sales) (PP of (NP (QP $ 92.4 billion) *U*))) , (NP NYSE) ,) (VP said (SBAR 0 (S (NP-SBJ (NP its three Ford Aerospace unit facilities) (PP-LOC in (NP the Bay area)) , (PP including (NP (NP a satellite-assembly operation) (PP-LOC in (NP Palo Alto)))) ,) (VP had (NP no major damage))))) .)) (TOP (S (NP-SBJ (NP GAP Inc.) , (NP-LOC San Bruno) , (NP clothing retailer) , (NP (NP annual sales) (PP of (NP (QP $ 1.25 billion) *U*))) , (NP NYSE) ,) (VP expects (S (S (NP-SBJ (NP most) (PP of (NP its stores))) (VP to (VP return (PP-DIR to (NP full operation))))) and (S (NP-SBJ (QP all 2,500) of its Bay-area workers) (VP to (VP be (ADVP-LOC-PRD back (PP at (NP work))) (PP-TMP by (NP today))))))) .)) (TOP (S (NP-SBJ-1 (NP GENENTECH INC.) , (NP-LOC South San Francisco) , (NP biotechnology company) , (NP (NP annual sales) (PP of (NP (QP $ 334.8 million) *U*))) , (NP NYSE) ,) (VP (VP sustained (NP no major damage)) and (VP expects (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD fully operational) (NP-TMP today)))))) .)) (TOP (S (NP-SBJ (NP GENERAL ELECTRIC CO.) , (NP-LOC (NP Fairfield) , (NP Conn.)) , (NP consumer , industrial products and broadcasting concern) , (NP (NP annual sales) (PP of (NP (QP $ 50 billion) *U*))) , (NP NYSE) ,) (VP said (SBAR 0 (S (NP-SBJ its GE Nuclear Energy unit) , (PP with (NP 1,600 Bay-area employees)) , (VP had (NP (ADJP only minor) damage) (PP-LOC at (NP its San Jose headquarters)))))) .)) (TOP (S (NP-SBJ Business) (VP was n't (VP disrupted)) .)) (TOP (S (NP-SBJ (NP GENERAL MOTORS CORP.) , (NP-LOC Detroit) , (NP auto maker) , (NP (NP annual sales) (PP of (NP (QP $ 123.6 billion) *U*))) , (NP NYSE) ,) (VP sustained (NP (NP (NP (QP about 10) injuries) (PP to (NP workers))) and (NP (NP some ruptured water mains) (PP-LOC at (NP (NP (NP its New United Motor Manufacturing Inc. facility) (PP-LOC in (NP Fremont))) , (NP (NP a joint venture) (PP with (NP Toyota Motor Corp)))))))) .)) (TOP (S (S (NP-SBJ There) (VP was (NP-PRD (NP limited production) (PP of (NP some models))) (NP-TMP yesterday))) , but (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP was n't (ADJP-PRD clear) (SBAR-NOM-2 (WHADVP-1 when) (S (NP-SBJ the normal 750-car-a-day pace) (VP will (VP resume (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ Plant officials) (VP are (ADVP-TMP still) (VP assessing (NP (NP damage) (PP to (NP (NP parts suppliers) and (NP (NP (NAC Port (PP of (NP Oakland))) facilities) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP handle (NP (NP shipments) (PP to (NP the plant)))))))))))) .)) (TOP (S (NP-SBJ (NP GOLDEN WEST FINANCIAL CORP.) , (NP-LOC Oakland) , (NP savings and loan) , (NP (NP annual revenue) (PP of (NP (QP $ 1.4 billion) *U*))) , (NP NYSE) ,) (VP had (NP (NP (NP (ADJP only minor) damage) (PP to (NP a few branches))) and (NP no injured employees))) .)) (TOP (S (NP-SBJ (NP HEWLETT-PACKARD Co.) , (NP-LOC Palo Alto) , (NP personal computer and electronic equipment maker) , (NP (NP annual sales) (PP of (NP (QP $ 9.8 billion) *U*))) , (NP NYSE) ,) (VP said (SBAR 0 (S (NP-SBJ there) (VP will (VP be (NP-PRD (NP a `` minimal suspension '') (PP of (NP manufacturing))) (PP-TMP for (NP an undefined period))))))) .)) (TOP (S (S (NP-SBJ The computer system) (VP was (VP operating))) , so (S (NP-SBJ-1 orders) (VP could (VP be (VP taken (NP *-1))))) .)) (TOP (S (NP-SBJ The company) (VP has (NP (NP 18,000 employees) and (NP (QP more than 70) buildings)) (PP-LOC in (NP the Bay area))) .)) (TOP (S (NP-SBJ (NP One building) (PP-LOC in (NP Palo Alto))) (VP may (VP be (ADJP-PRD damaged (PP beyond (NP repair))))) .)) (TOP (S (S (NP-SBJ Others) (VP had (NP lesser damage))) and (S (NP-SBJ there) (VP were (NP-PRD no injuries) (PP-LOC among (NP workers)))) .)) (TOP (S (S-TPC-1 (NP-SBJ Damage) (VP will (VP be `` (ADVP-MNR easily) (PP-LOC-PRD in (NP the millions))))) , '' (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP HEXCEL Corp.) , (NP-LOC Dublin) , (NP (NP manufacturer) (PP of (NP engineered parts))) , (NP (NP annual sales) (PP of (NP (QP $ 399 million) *U*))) , (NP NYSE) ,) (VP had (NP (NP little damage) (PP beyond (NP some phone trouble)))) .)) (TOP (S (NP-SBJ (NP HOMESTAKE MINING CO.) , (NP-LOC San Francisco) , (NP (UCP gold and general) miner) , (NP (NP annual sales) (PP of (NP (QP $ 432.6 million) *U*))) , (NP NYSE) ,) (VP said (SBAR (SBAR 0 (S (NP-SBJ its headquarters) (VP was (ADJP-PRD closed) (NP-TMP yesterday) (PP-PRP because of (NP (NP power failures) and (NP (NP lack) (PP of (NP water)))))))) , but (SBAR that (S (NP-SBJ it) (VP may (VP reopen (NP-TMP today))))))) .)) (TOP (S (NP-SBJ It) (VP expects (S (NP-SBJ (NP any impact) (PP on (NP its business))) (VP to (VP be (ADJP-PRD slight))))) .)) (TOP (S (NP-SBJ (NP HOMESTEAD FINANCIAL CORP.) , (NP-LOC Millbrae) , (NP financial services concern) , (NP (NP annual revenue) (PP of (NP (QP $ 562 million) *U*))) , (NP OTC) ,) (VP said (SBAR 0 (S (NP-SBJ (NP three) (PP of (NP its 17 Bay-area branches))) (VP were (ADJP-PRD closed) (NP-TMP yesterday))))) .)) (TOP (S (NP-SBJ The company) (VP expects (S (NP-SBJ all branches) (VP to (VP reopen (NP-TMP today))))) .)) (TOP (S (NP-SBJ (NP INMAC CORP.) , (NP-LOC Santa Clara) , (NP (NP maker) (PP of (NP computer accessories))) , (NP (NP annual sales) (PP of (NP (QP $ 250 million) *U*))) , (NP OTC) ,) (VP said (SBAR 0 (S (S (NP-SBJ telephones) (VP were (ADJP-PRD out) (PP-LOC at (NP its headquarters)))) but (S (NP-SBJ-1 service) (VP should (VP be (VP restored (NP *-1) (PP-TMP by (NP today))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (VP doing (NP (NP a brisk business) (PP-LOC in (NP (NP computer power-surge protectors) , (NP cables) and (NP uninterruptable power sources))))))))) .)) (TOP (S (S (NP-SBJ (NP INTEL Corp.) , (NP-LOC Santa Clara) , (NP semiconductor maker) , (NP (NP annual sales) (PP of (NP (QP $ 2.87 billion) *U*))) , (NP OTC) ,) (VP had (NP some damage))) and (S (NP-SBJ few people) (VP were (PP-LOC-PRD at (NP work)) (NP-TMP yesterday))) .)) (TOP (S (NP-SBJ (NP INTERNATIONAL BUSINESS MACHINES Corp) , (NP-LOC (NP Armonk) , (NP N.Y.)) , (NP (NP maker) (PP of (NP business machines))) , (NP NYSE) ,) (VP said (SBAR 0 (S (NP-SBJ (NP flooding) (VP caused (NP *) (PP by (NP-LGS broken water pipes)))) (VP closed (NP (NP its San Jose plant) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP high-end data-storage devices))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The plant) and (NP its 8,500 employees)) (VP (ADVP-MNR gradually) will (VP resume (NP operations) (PP-TMP over (NP the next several days))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (SINV (ADVP Also) (ADJP-PRD-TPC-1 closed) (NP-TMP yesterday) (VP were (ADJP-PRD *T*-1)) (NP-SBJ (NP (NP the company 's) Santa Teresa software-development lab) and (NP the Almaden research center)) .)) (TOP (S (NP-SBJ (NP The concern 's) National Service Division) (VP opened (NP (NP a center) (PP for (NP emergency service)) (PP-LOC in (NP Walnut Creek))) (PP as (NP (NP part) (PP of (NP its disaster-recovery plan))))) .)) (TOP (S (S (NP-SBJ (NP KAISER ALUMINUM & CHEMICAL) , (NP-LOC Oakland) , (NP metal and chemical maker) , (NP (NP annual sales) (PP of (NP (QP $ 2.22 billion) *U*))) ,) (VP had (NP (NP slight structural damage) (PP to (NP its 28-story headquarters building))))) and (S (NP-SBJ-1 employees) (VP stayed (ADVP-LOC-CLR home) (NP-TMP yesterday) (S-PRP (NP-SBJ *-1) (VP to (VP allow (S (NP-SBJ crews) (VP to (VP clean (PRT up))))))))) .)) (TOP (S (NP-SBJ (NP LOCKHEED CORP.) , (NP-LOC Calabasas) , (NP aerospace and defense concern) , (NP (NP annual sales) (PP of (NP (QP $ 10.59 billion) *U*))) , (NP NYSE) ,) (VP said (SBAR 0 (S (NP-SBJ its Lockheed Missiles & Space division) (VP closed (NP its Santa Cruz test facility) (PP-PRP because of (NP (NP power outages) and (NP landslides))))))) .)) (TOP (S (NP-SBJ-2 The closing) , (S-ADV (NP-SBJ *-2) (VP affecting (NP 266 employees))) , (VP will (VP continue (SBAR-TMP (ADVP at least) until (S (NP-SBJ-1 roads) (VP are (VP cleared (NP *-1))))))) .)) (TOP (S (NP-SBJ-3 (NP It) (SBAR *EXP*-2)) (VP was n't (VP known (NP *-3) (SBAR-2 (WHPP-4 to (WHNP (WHNP what extent) (PRN , (SBAR if (FRAG (NP any))) ,))) (S (NP-SBJ-1 the facility) (VP was (VP damaged (NP *-1) (PP-EXT *T*-4))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP was n't (VP known (SBAR (WHNP-2 what) (S (NP-SBJ (NP the impact) (PP-LOC *ICH*-5)) (VP will (VP be (NP-PRD *T*-2) (PP-LOC-5 on (NP (NP (NP the division 's) work) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP (NP (NP the Navy 's) (ADJP Trident submarine-based) missile program) and (NP (NP the Air Force 's) Strategic Defense Initiative))))))))))))) .)) (TOP (S (S (NP-SBJ The division) (VP had (NP (ADJP only minor) damage) (PP-LOC at (NP its (NX (NX Sunnyvale headquarters) and (NX (NX plant) (PP-LOC in (NP Palo Altos)))))))) , and (S (NP-SBJ-1 (NP no delays) (PP-LOC in (NP deliveries))) (VP are (VP expected (NP *-1)))) .)) (TOP (S (S (NP-SBJ (NP LONGS DRUG STORES INC.) , (NP-LOC Walnut Creek) , (NP drugstore chain) , (NP (NP annual sales) (PP of (NP (QP $ 1.9 billion) *U*))) , (NP NYSE) ,) (VP had (NP (ADJP only minor) damage))) and (S (NP-SBJ (NP (NP (QP only four)) (PP of (NP its 75 Bay-area stores))) , (NP (NP all) (PP-LOC in (NP the Santa Cruz area))) ,) (VP were (ADJP-PRD closed))) .)) (TOP (S (NP-SBJ-1 All) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP reopen (ADVP-TMP soon)))))) .)) (TOP (S (NP-SBJ (NP LSI LOGIC CORP.) , (NP-LOC Milpitas) , (NP (NP maker) (PP of (NP customized integrated circuits))) , (NP (NP annual sales) (PP of (NP (QP $ 550 million) *U*))) , (NP NYSE) ,) (VP has (VP halted (NP manufacturing) (PP-LOC at (NP (NP its three plants) (PP-LOC in (NP the area)))) (SBAR-TMP while (S (NP-SBJ-1 they) (VP are (VP inspected (NP *-1) (PP-CLR for (NP structural damage)))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP expects (S (NP-SBJ *-1) (VP to (VP resume (NP full operations) (PP-TMP by (NP today)))))) .)) (TOP (S (NP-SBJ (NP R.H. MACY & Co.) , (NP-LOC New York) , (NP retailer) , (NP (NP annual sales) (PP of (NP (QP $ 7 billion) *U*))) ,) (VP said (SBAR 0 (S (NP-SBJ there) (VP was (NP-PRD (NP minor damage) (PP to (NP (NP (NP its 24 Macy stores) and (NP nine I. Magnin stores)) (PP-LOC in (NP the Bay area))))))))) .)) (TOP (S (S (NP-SBJ (NP MEASUREX CORP.) , (NP-LOC Cupertino) , (NP (NP maker) (PP of (NP computer integrated manufacturing processes))) , (NP (NP annual sales) (PP of (NP $ 265 million *U*))) , (NP NYSE) ,) (VP had (NP (ADJP only minor) damage))) but (S (NP-SBJ-1 workers) (VP spent (NP (NP most) (PP of (NP yesterday))) (S-CLR (NP-SBJ *-1) (VP cleaning (PRT up))))) .)) (TOP (S (NP-SBJ (NP NATIONAL SEMICONDUCTOR CORP.) , (NP-LOC Santa Clara) , (NP semiconductor maker) , (NP (NP annual sales) (PP of (NP (QP $ 1.65 billion) *U*))) , (NP NYSE) ,) (VP said (SBAR 0 (S (S (NP-SBJ it) (VP had (NP no major structural damage) (PP-LOC at (NP its 30 Bay-area buildings)))) , but (S (NP-SBJ-1 two workers) (VP were (VP injured (NP *-1))))))) .)) (TOP (S (NP-SBJ Production) (VP resumed (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ (NP Piping) (PP-LOC in (NP a waste-treatment plant))) (VP needed (NP immediate repairs)) .)) (TOP (S (NP-SBJ-1 (NP NORDSTROM INC.) , (NP-LOC Seattle) , (NP retailer) , (NP (NP annual sales) (NP (QP $ 2.33 billion) *U*)) , (NP OTC) ,) (PRN (S (NP-SBJ (NP five) (PP of (NP (NP (NP this 59-store chain 's) nine stores) (PP-LOC in (NP the Bay Area))))) (VP were (ADJP-PRD closed) (NP-TMP yesterday))) , (S (NP-SBJ damage) (VP appears (ADJP-PRD primarily cosmetic))) ,) (VP hopes (S (NP-SBJ *-1) (VP to (VP (VP reopen (NP-2 (NP four) (PP of (NP the stores))) (PP-TMP-3 by (NP today))) and (VP (NP=2 the fifth) (PP-TMP=3 by (NP Saturday))))))) .)) (TOP (S (NP-SBJ-1 (NP ORACLE SYSTEMS CORP.) , (NP-LOC Belmont) , (NP (NP provider) (PP of (NP computer programming and software services))) , (NP (NP annual sales) (NP (QP $ 584 million) *U*)) ,) (PRN (S (S (NP-SBJ (NP four) (PP of (NP 12 offices and buildings)) (PP-LOC in (NP the Belmont and San Mateo areas))) (VP were (ADJP-PRD closed))) , (S (NP-SBJ (NP 95 %) (PP of (NP computer and telephone systems))) (VP are (VP operating))) ,)) (VP expects (S (NP-SBJ *-1) (VP to (VP be (ADVP-PRD back (PP to (NP full operation))) (PP-TMP by (NP (NP the end) (PP of (NP the week)))))))) .)) (TOP (S (NP-SBJ (NP PACIFIC GAS & ELECTRIC CO.) , (NP-LOC San Francisco) , (NP electric , gas and water supplier) , (NP (NP annual sales) (NP (QP $ 7.6 billion) *U*)) , (NP (NP some minor damage) (PP to (NP headquarters))) , (NP (NP undetermined damage) (PP to (NP four nearby substations))) , (NP (NP severe structural damage) (PP to (NP (NP a major power plant) (PP-LOC at (NP Moss Landing))))) , (NP (NP extensive damage) (PP to (NP (NP gas lines) and (NP electric lines)))) , (NP (NP (NP 400,000 residences) (PP without (NP electricity))) and (NP (NP 69,000) (PP without (NP gas)))) ,) (VP can not (VP reconnect (NP electricity) (SBAR-TMP until (S (NP-SBJ it) (VP is (ADJP-PRD certain (SBAR 0 (S (NP-SBJ there) (VP are (NP-PRD no gas leaks))))) ,))) (FRAG (NP no predictions) (PP on (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ this) (VP will (VP happen (ADVP-TMP *T*-1))))))))) .)) (TOP (NP (NP (NP PACIFIC TELESIS GROUP) , (NP-LOC San Francisco) , (NP telecommunications holding company) , (NP (NP annual sales) (PP of (NP (QP $ 9.5 billion) *U*))) , (NP (NP (NP no damage) (PP to (NP headquarters))) , but (NP no power) ,)) (S (NP-SBJ the power failure) (VP has (VP caused (NP (NP a delay) (PP-LOC in (NP (NP the release) (PP of (NP (NP the company 's) earnings report)))))))) , (S (NP-SBJ major concern) (VP is (NP-PRD (NP subsidiaries) , (NP (NP Pacific Bell) and (NP Pacific Telesis Cellular)) , (SBAR (WHNP-2 (WHNP both) (WHPP of (WHNP which))) (S (NP-SBJ *T*-2) (VP sustained (NP (NP damage) (PP to (NP buildings))))))))) , (NP (NP structural damage) (PP to (NP (NP several cellular sites) (PP-LOC in (NP Santa Cruz))))) , (S (NP-SBJ (NP volume) (PP of (NP (NP calls) (PP-LOC on (NP cellular phones))))) (NP-PRD (QP 10 times) the usual) , (S-ADV (NP-SBJ *) (VP causing (NP a big slowdown)))) .)) (TOP (NP (NP PROCTER & GAMBLE CO.) , (S (NP-SBJ (NP (NP Cincinnati-based company 's) Folgers Coffee plant) (PP-LOC in (NP South San Francisco))) (VP was (ADJP-PRD closed) (PP-TMP following (NP the earthquake)))) , (NP (NP no injuries) or (NP major damage)) , (S (NP-SBJ (NP other plants) (PP-LOC around (NP country))) (VP can (VP make (PRT up) (PP-CLR for (NP any lost production))))) .)) (TOP (NP (NP-SBJ (NP QUANTUM CORP.) , (NP-LOC Milpitas) ,) (VP manufactures (NP rigid disc drives) (PP-PRP for (NP (NP small business computers) , (NP word processors) ,))) (NP (NP annual sales) (NP (QP $ 120.8 million) *U*)) , (NP OTC) , (ADJP open (PP for (NP business))) , (NP minor structural damage) .)) (TOP (UCP (NP (NP RAYCHEM CORP.) , (NP-LOC Menlo Park) , (NP plastics manufacturer) , (NP (NP annual sales) (NP (QP $ 1 billion) *U*)) , (NP no major damage)) and (S (NP-SBJ-1 no production slowdown) (VP is (VP anticipated (NP *-1)))) .)) (TOP (NP (NP ROSS STORES INC.) , (NP-LOC Newark) , (NP discount apparel chain) , (NP (NP annual sales) (NP (QP $ 576 million) *U*)) , (NP (NP (NP (QP two of 28) stores) (PP-LOC in (NP Bay Area)) (ADJP closed)) , (S (NP-SBJ both) (VP could (VP open (ADVP-TMP (ADVP as early) (PP as (NP today))))))) .)) (TOP (NP (NP (NP SAFEWAY STORES INC.) , (NP-LOC Oakland) , (NP retail food chain) , (NP (NP annual sales) (PP of (NP (QP $ 13.6 billion) *U*))) , (NP (NP (NP some structural damage) (PP to (NP headquarters))) and (NP no power))) ; (NP (NP major problems) (S-NOM (NP-SBJ *) (VP transporting (NP products) (PP-DIR to (NP (NP those stores) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP remained (ADJP-PRD open))))))))) ; (NP (NP no numbers) (PP on (SBAR (WHNP-2 (WHADJP how many) stores) (S (NP-SBJ *T*-2) (VP closed))))) .)) (TOP (S (NP-SBJ (NP CHARLES SCHWAB & CO.) , (NP-LOC San Francisco) , (NP discount brokerage firm) , (NP (NP annual sales) (PP of (NP (QP $ 392 million) *U*))) ,) (VP (VP had (NP (NP (ADJP only minor) damage) (PP to (NP headquarters building)))) and (VP was (ADJP-PRD up and running) (PP-PRP for (NP (NP yesterday 's) market open)))) .)) (TOP (S (NP-SBJ Firm) (VP will not , (ADVP however) , (VP resume (NP 24-hour service) (SBAR-TMP until (S (NP-SBJ-1 (NP power) (PP-LOC in (NP city))) (VP is (VP restored (NP *-1))))))) .)) (TOP (S (NP-SBJ Office) (VP closed (NP-TMP yesterday) (PP-TMP at (NP 4:30 p.m. EDT))) .)) (TOP (S (NP-SBJ-2 (NP SEAGATE TECHNOLOGY) , (NP-LOC Scotts Valley) , (NP (NP maker) (PP of (NP (NP hard disk drives) (PP for (NP computers))))) , (NP (NP annual sales) (PP of (NP (QP $ 1.37 billion) *U*))) , (NP OTC) ,) (VP closed (S-PRP (NP-SBJ *-2) (VP to (VP assess (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-3 *T*-1) (VP appeared (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP minor damage) (PP to (NP (NP some) (PP of (NP its 20 buildings))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP SOUTHERN PACIFIC TRANSPORTATION CO.) , (NP-LOC San Francisco) , (NP railroad) , (NP (NP annual sales) (PP of (NP (QP $ 2.41 billion) *U*))) ,) (VP (VP had (NP (NP (ADJP only minor) damage) (PP to (NP headquarters and tracks)))) , and (VP expects (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD fully operational) (NP-TMP tomorrow)))))) .)) (TOP (S (NP-SBJ St. Louis Southwestern Railway Co. unit) (VP (VP halted (NP all service) (NP-TMP Tuesday night)) but (VP has (ADVP-TMP since) (VP restored (NP (NP (NP some freight lines) and (NP limited commuter service)) (PP between (NP (NP San Francisco) and (NP San Jose))))))) .)) (TOP (NP (NP SUN MICROSYSTEMS INC.) , (NP-LOC Mountain View) , (NP (NP maker) (PP of (NP desktop computers))) , (NP (NP annual sales) (NP (QP $ 1.77 billion) *U*)) , (NP OTC) , (NP (NP no injured employees) and (NP (NP (ADJP very little) damage) (PP to (NP buildings)))) .)) (TOP (FRAG (ADJP-PRD Closed) (NP-TMP yesterday) (PP-PRP due to (NP power difficulties)) .)) (TOP (S (NP-SBJ (NP TANDEM COMPUTERS INC.) , (NP-LOC Cupertino) , (NP computer maker) , (NP (NP annual sales) (PP of (NP (QP $ 1.6 billion) *U*))) , (NP NYSE) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP had (NP no significant damage)) and (VP should (VP be (ADJP-PRD fully operational) (PP-TMP within (NP a week)))))))) .)) (TOP (S (S (NP-SBJ Many employees) (VP stayed (ADVP-PRD home) (NP-TMP yesterday))) , but (S (NP-SBJ-1 customer service) (VP was (VP being (VP maintained (NP *-1))))) .)) (TOP (S (NP-SBJ (NP TRANSAMERICA CORP.) , (NP-LOC San Francisco) , (NP financial services and insurance company) , (NP (NP annual sales) (PP of (NP (QP $ 7.9 billion) *U*))) , (NP NYSE) ,) (VP said (SBAR 0 (S (NP-SBJ (NP its headquarters) , (NP the well-known downtown pyramid-shaped building) ,) (VP was (ADJP-PRD intact but closed) (NP-TMP yesterday))))) .)) (TOP (S (S (NP-SBJ (NP VARIAN ASSOCIATES INC.) , (NP-LOC Palo Alto) , (NP instrumentation and semiconductor equipment company) , (NP (NP annual sales) (PP of (NP (QP $ 1.3 billion) *U*))) ,) (VP had (NP (ADJP only minor) damage))) and (S (NP-SBJ-1 no slowdowns) (VP were (VP anticipated (NP *-1)))) .)) (TOP (S (NP-SBJ (NP VLSI TECHNOLOGY INC.) , (NP-LOC San Jose) , (NP (NP maker) (PP of (NP semiconductor products))) , (NP (NP annual sales) (NP (QP $ 171.9 million) *U*)) , (NP OTC) , (NP (NP minimal damage) (PP to (NP facilities))) , (NP no injuries) ,) (VP expected (S (NP-SBJ operations) (VP to (VP return (PP-DIR to (NP normal)) (ADVP-TMP late yesterday))))) .)) (TOP (NP (NP WATKINS-JOHNSON CO.) , (NP defense-oriented electronics manufacturer) , (NP (NP annual sales) (NP (QP $ 292 million) *U*)) , (NP NYSE) , (NP (NP minor damage) (PP to (NP (NP headquarters and plant) (PP-LOC in (NP Palo Alto))))) , (NP (NP no damage) (PP to (NP San Jose plant))) , (VP `` (ADVP-TMP still) assessing '' (NP (NP damage) (PP-LOC at (NP (NP Scotts Valley plant) , (SBAR (WHADVP-1 where) (S (NP-SBJ main product) (VP is (NP-PRD (NP furnaces) (PP for (NP semiconductor production))) (ADVP-LOC *T*-1)))))))) .)) (TOP (NP (NP WELLS FARGO & CO.) , (NP-LOC San Francisco) , (NP bank holding company) , (NP (NP annual revenue) (NP (QP $ 4.9 billion) *U*)) , (NP NYSE) , (NP (NP minor damage) (PP-LOC at (NP headquarters))) , (S (NP-SBJ (NP 12 branches) (PP out (PP of (NP (NP 170) (PP-LOC in (NP Northern California)))))) (VP sustained (NP (NP structural damage) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP preclude (NP-2 them) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP opening (PP-TMP in (NP the near future)))))))))))) , (NP (NP 45 locations) (PP with (NP (NP (QP at least one) automatic teller machine) (ADJP inoperable)))) , (S (NP-SBJ central computer systems) (VP are (VP operating))) , (NP no injuries) .)) (TOP (S (NP-SBJ-1 (NP WYSE TECHNOLOGY INC.) , (NP-LOC San Jose) , (NP (NP maker) (PP of (NP (NP video display terminals and workstations) and (NP IBM/PC compatible computers)))) , (NP (NP annual sales) (PP of (NP (QP $ 452 million) *U*))) , (NP (NP slight structural damage) (PP-LOC at (NP headquarters))) , (NP no injuries) ,) (VP expects (S (NP-SBJ *-1) (VP to (VP be (ADVP-PRD back (PP to (NP full operation))) (NP-TMP today))))) .)) (TOP (NP (NP 3COM CORP.) , (NP-LOC Santa Clara) , (NP (NP maker) (PP of (NP computer communications systems))) , (NP (NP annual sales) (PP of (NP (QP $ 386 million) *U*))) , (NP OTC) , (NP (NP slight structural damage) (PP to (NP headquarters))) , (NP (NP communications systems) (ADJP already fully operational)) .)) (TOP (SQ Could (NP-SBJ-1 (NP the collapse) (PP of (NP I-880))) (VP have (VP been (VP prevented (NP *-1)))) ?)) (TOP (S (NP-SBJ That) (VP was (NP-PRD (NP the question) (SBAR (WHNP-2 0) (S (NP-SBJ (NP structural engineers) and (NP California transportation officials)) (VP were (VP asking (NP themselves) (NP *T*-2) (NP-TMP yesterday) (SBAR-TMP as (S (NP-SBJ-3 rescue workers) (VP began (NP (NP the gruesome task) (PP of (S-NOM (NP-SBJ-4 *-3) (VP trying (S (NP-SBJ *-4) (VP to (VP extract (NP (QP as many as 250) victims) (PP-DIR from (PP-LOC beneath (NP (NP the concrete slabs) (PP of (NP (NP the double-deck Nimitz Freeway) (PP-LOC in (NP Oakland)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP caved (PRT in) (PP-TMP during (NP (NP Tuesday 's) temblor)))))))))))))))))))))))))) .)) (TOP (S (S-TPC-2 (PP-TMP After (S-NOM (NP-SBJ *-1) (VP touring (NP the area)))) , (NP-SBJ-1 California Gov. George Deukmejian) (NP-TMP late yesterday) (VP called (PP-CLR for (NP (NP an inquiry) (PP into (NP (NP the freeway 's) collapse)))) , (S-ADV (NP-SBJ *-1) (VP blaming (NP the disaster) (PP-CLR on (NP substandard construction)))))) , (NP-SBJ the Associated Press) (VP reported (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 (NP The impact) (PP of (NP (NP the destruction) (PP of (NP (NP this 2.5-mile stretch) (PP of (NP highway))))))) (VP was (VP (ADVP-MNR tragically) measured (NP *-1) (PP-CLR in (NP lost lives)))) .)) (TOP (S But (NP-SBJ there) (VP are (NP-PRD (NP other long-term effects) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP raise (NP (NP serious questions) (PP about (NP (NP the ability (S *ICH*-2)) (PP of (NP (NP California 's) infrastructure)) (S-2 (NP-SBJ *) (VP to (VP withstand (NP a major temblor)))))))))))) .)) (TOP (SINV (S-TPC-4 (S (NP-SBJ (NP It) (SBAR *EXP*-3)) (VP could (ADVP easily) (VP be (NP-PRD two years) (SBAR-3 before (S (NP-SBJ-1 (NP the well-traveled artery) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP helps (VP connect (NP Oakland) (PP-CLR with (NP San Francisco))))))) (VP is (VP reopened (NP *-1)))))))) , and (S (NP-SBJ the cost (S (NP-SBJ *) (VP to (VP build (NP (NP a new stretch) (PP of (NP highway))))))) (VP could (VP soar (PP-DIR to (NP (QP more than $ 250 million) *U*)))))) , (VP said (SBAR 0 (S *T*-4))) (NP-SBJ (NP Charles J. O'Connell) , (NP (NP deputy district director) (PP-LOC in (NP Los Angeles)) (PP of (NP (NP (NP the California Department) (PP of (NP Transportation))) , (VP nicknamed (S (NP-SBJ *) (NP-PRD Caltrans))))))) .)) (TOP (S (NP-SBJ (NP Caltrans) (PP-LOC in (NP Sacramento))) (VP said (SBAR 0 (S (NP-SBJ-1 (NP total damage) (PP from (NP the collapsed highway))) (VP is (VP estimated (NP *-1) (PP-CLR at (NP (QP around $ 500 million) *U*))))))) .)) (TOP (S (NP-SBJ (NP The aftershocks) (PP of (NP the highway tragedy))) (VP are (VP reverberating (PP-LOC in (NP Los Angeles)) (ADVP as well) , (SBAR-TMP as (S (NP-SBJ local politicians) (VP spoke (NP-TMP yesterday) (PP against (NP plans (S (NP-SBJ *) (VP to (VP bring (NP double-decking) (PP-DIR to (NP Los Angeles freeways)) (PP-TMP by (NP 1994)))))))))))) .)) (TOP (S (NP-SBJ Caltrans) (VP plans (S (NP-SBJ *) (VP to (VP add (NP (NP a second deck) (PP for (NP (NP buses) and (NP car pools)))) (PP-LOC above (NP (NP the median) (PP of (NP (NP a 2.5-mile stretch) (PP of (NP the Harbor Freeway)) (ADVP-LOC just south (PP of (NP Los Angeles))) , (PP-LOC near (NP the Memorial Coliseum)))))))))) .)) (TOP (S (NP-SBJ-1 Los Angeles County Supervisor Kenneth Hahn) (NP-TMP yesterday) (VP vowed (S (NP-SBJ *-1) (VP to (VP fight (NP (NP the introduction) (PP of (NP double-decking)) (PP-LOC in (NP the area))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ Caltrans) (VP abandoned (NP double-decking) (PP-TMP in (NP the early 1970s)) , (PP-TMP following (NP (NP the 1971 Sylmar earthquake) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP destroyed (NP (NP freeway sections) (ADVP-LOC just north (PP of (NP Los Angeles))))))))))) , (NP-SBJ Mr. O'Connell) (VP explained (SBAR 0 (S *T*-2))) .)) (TOP (S (S (NP-SBJ That temblor) (VP measured (NP 6.1) (PP-LOC on (NP the Richter scale)))) ; (S (NP-SBJ Tuesday 's) (X was)))) (TOP (SBARQ So (WHADVP why) (SQ (NP-SBJ-1 *) (VP (ADVP even) consider (S (NP-SBJ *-1) (VP stacking (NP freeways))) (ADVP-TMP now))) ?)) (TOP (S `` (S-TPC-2 (S (NP-SBJ We) (VP 've (VP run (PRT out) (PP-CLR of (NP (NP places) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP build (NP freeways) (ADVP-LOC *T*-1))))) (PP-LOC in (NP L.A.))))))) , and (S (NP-SBJ (NP the only place) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP go (ADVP-CLR *T*-3)))))) (VP is (ADVP-PRD up)))) , '' (NP-SBJ Mr. O'Connell) (VP said (S *T*-2) , (SBAR-ADV although (S (NP-SBJ he) (VP acknowledges (SBAR 0 (S (NP-SBJ there) (VP are (NP-PRD (NP many obstacles) , (PP including (NP cost)))))))))) .)) (TOP (S But (PP as (PP for (NP safety))) , (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ (NP double-deck freeways) (VP built (NP *) (NP-TMP today) (PP with (NP (NP (NP the (ADJP heavily reinforced) concrete) and (NP thicker columns)) (VP required (NP *) (PP-TMP after (NP the Sylmar quake))))))) (VP should (VP withstand (NP (NP a calamitous temblor) (PP of (NP (NP 7.5 to 8) (PP-LOC on (NP the Richter scale)))))))))) .)) (TOP (S (NP-SBJ (NP Reasons) (PP for (NP (NP the collapse) (PP of (NP the Nimitz Freeway))))) (VP were (ADJP-PRD sketchy) (NP-TMP yesterday)) .)) (TOP (S But (NP-SBJ most structural engineers) (VP attributed (NP the destruction) (PP to (NP (NP (NP improper reinforcement) (PP of (NP (NP the columns) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP supported (NP the decks))))))) , and (NP the fact (SBAR that (S (NP-SBJ (NP the ground) (PP-LOC beneath (NP the highway))) (VP (VP is (ADVP largely) (NP-PRD landfill)) and (VP can (VP (VP become (ADJP-PRD unstable)) , or `` (VP liquefy) , '' (PP-LOC in (NP a major quake))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The two-story roadway) , (VP (VP designed (NP *) (PP-TMP in (NP the mid-1940s))) and (VP completed (NP *) (PP-TMP in (NP 1957)))) ,) (VP was (VP supported (NP *-1) (PP by (NP-LGS (NP columns) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (ADVP apparently) (VP lacked (NP (NP the kind) (PP of (NP steel reinforcement)) (VP used (NP *) (PP-LOC in (NP highways)) (NP-TMP today)))))))))) .)) (TOP (SINV (S-TPC-2 (SBAR-ADV While (S (NP-SBJ the pillars) (VP did (VP have (NP (NP long metal bars) (VP running (ADVP-DIR vertically) (PP-DIR through (NP them)))) (PP-PRP for (NP reinforcement)))))) , (NP-SBJ they) (ADVP apparently) (VP lacked (NP (NP an adequate number) (PP of (NP (NP metal `` ties '') (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP run (ADVP-DIR horizontally) (PP-DIR through (NP the column)))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Leo Parker) , (NP (NP a structural engineer) (PP-LOC in (NP Los Angeles)))) .)) (TOP (S (NP-SBJ Caltrans) (NP-TMP today) (VP uses (NP (NP a variation) (PP of (NP (NP the design) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Parker) (VP describes (NP *T*-1)))))) , (PP with (NP (NP spiraling steel rods) (ADVP-LOC inside))))) .)) (TOP (S But (PP-LOC in (NP (NP the case) (PP of (NP the Nimitz Freeway)))) , (NP-SBJ (NP the lack) (PP of (NP such support))) (VP caused (S (NP-SBJ (NP the core) (PP of (NP the columns))) (VP to (VP crumble and buckle (PP-LOC under (NP (NP the weight) (PP of (NP the second deck)))) , (S-ADV (NP-SBJ *) (VP crushing (NP (NP motorists) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP were (VP lined (NP *-2) (PRT up) (PP-LOC in (NP bumper-to-bumper rush-hour traffic)) (PP-LOC on (NP the lower deck)) (ADVP-LOC (NP (QP nearly 15) feet) below)))))))))))) .)) (TOP (S (NP-SBJ (NP Officials) (PP of (NP the state agency))) (VP did n't (VP have (NP any immediate explanation (SBAR (WHADVP-1 why) (S (NP-SBJ the reinforcement) (VP did n't (VP hold (PRT up) (ADVP-PRP *T*-1)))))))) .)) (TOP (S (NP-SBJ-1 Caltrans) (VP reinforced (NP the highway) (PP-TMP in (NP 1977)) (PP as (NP (NP part) (PP of (NP a (ADJP (QP $ 55 million) *U*) statewide project)))) , (S-ADV (NP-SBJ-2 *-1) (VP using (NP steel cables) (S-CLR (NP-SBJ *-2) (VP to (VP (VP tie (NP (NP the decks) (PP of (NP the freeway))) (PP-CLR to (NP the columns))) and (VP prevent (NP-3 the structure) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP swaying (PP-LOC in (NP a quake)))))))))))) .)) (TOP (S (NP-SBJ-2 Caltrans spokesman Jim Drago) (PP-LOC in (NP Sacramento)) (VP declined (S (NP-SBJ *-2) (VP to (VP identify (NP (NP the engineering firm) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP did (NP the reinforcement work))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP Liability) (PP-LOC in (NP the bridge and road collapses))) (VP will (VP revolve (PP-CLR around (SBAR whether (S (NP-SBJ government) (VP took (NP `` reasonable care '' (S (NP-SBJ *) (VP to (VP build and maintain (NP the structures)))))))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP John Messina) , (NP (NP a (NAC-LOC Tacoma , Wash. ,) personal-injury attorney) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP specializes (PP-CLR in (NP highway design and maintenance cases))))))) .)) (TOP (S (NP-SBJ (NP The firm) (VP brought (NP-1 *) (PRT in) (S-PRP (NP-SBJ *-1) (VP to (VP strengthen (NP the structure)))))) (VP could (VP be (ADJP-PRD liable) (ADVP as well))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The results) (PP of (NP the quake))) (ADVP certainly) (VP raise (NP (NP questions) (PP about (SBAR whether (S (NP-SBJ-1 reasonable care) (VP was (VP taken (NP *-1))))))))) , (NP-SBJ Mr. Messina) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (PP Given (NP (NP the seismic history) (PP of (NP the Bay Area)))) , `` (NP-SBJ it) (VP seems (PP to (NP me)) (SBAR-PRD that (S (NP-SBJ a 6.9 earthquake) (VP is (NP-PRD a foreseeable event))))) . '')) (TOP (S (NP-SBJ (NP Caltrans ') Mr. Drago) (VP defended (NP (NP (NP the agency 's) work) (PP-LOC on (NP the Nimitz Freeway)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The work) (VP was (VP done (ADVP-MNR properly)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (ADVP Basically) , (S (NP-SBJ we) (VP had (NP (NP a severe earthquake) (PP of (NP significant duration))))) and (S (NP-SBJ it) (VP was (ADVP just) (NP-PRD (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ the structure) (VP could n't (VP withstand (NP *T*-1)))))))) . '')) (TOP (S (ADVP Ironically) , (NP-SBJ-1 Caltrans) (NP-TMP this year) (VP began (S (NP-SBJ *-1) (VP working (PP-CLR on (NP (NP a second round) (PP of (NP (NP seismic reinforcements) (PP of (NP (NP freeways) (PP-LOC around (NP the state)))))))))) , (S-ADV (NP-SBJ-2 *-1) (NP-TMP this time) (VP wrapping (NP freeway columns) (PP-CLR in `` (NP steel blankets) '') (S-PRP (NP-SBJ *-2) (VP to (VP reinforce (NP them))))))) .)) (TOP (S (S-TPC-1 But (S (NP-SBJ (NP only bridges) (VP supported (NP *) (PP-CLR with (NP (NP single rows) (PP of (NP columns)))))) (VP were (NP-PRD top priority))) , and (S (NP-SBJ-2 (NP the Nimitz Freeway) , (VP supported (NP *) (PP by (NP-LGS double rows))) ,) (VP was (VP left (NP *-2) (PRT out))))) , (NP-SBJ Mr. Drago) (VP explained (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The reason) (VP is (SBAR-PRD that (S (NP-SBJ the technology) (VP is (ADJP-PRD (ADJP such) (SBAR that (S (NP-SBJ-2 we) (VP 're not (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP retrofit (NP multi-column structures)))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP (NP Charles McCoy) (PP-LOC in (NP San Francisco))) and (NP (NP John R. Emshwiller) (PP-LOC in (NP Los Angeles)))) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ (NP Lionel Corp. 's) board) (VP (ADVP-MNR unanimously) rejected (NP (NP a tender offer) (PP of (NP (NP (NP $ 8 *U*) (NP-ADV a share)) , or (NP (QP $ 95.4 million) *U*) ,)) (PP for (NP (NP (QP as much as 90) %) (PP of (NP Lionel)))) (PP by (NP (NP a group) (PP with (NP (NP a (ADJP 9.9 %) stake) (PP-LOC in (NP the toy retailer)))))))) .)) (TOP (S (NP-SBJ-2 Lionel) (ADVP also) (VP urged (NP-1 (NP holders) (PP of (NP its stock and debt))) (S (NP-SBJ *-1) not (VP to (VP tender (NP their securities)))) , (S-ADV (NP-SBJ *-2) (VP saying (SBAR 0 (S (NP-SBJ-3 it) (VP wants (S (NP-SBJ-4 *-3) (VP to (VP remain (ADJP-PRD independent) (S-PRP (NP-SBJ *-4) (VP to (VP pursue (NP its business strategy))))))))))))) .)) (TOP (S (NP-SBJ Lionel) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ (NP the offer) (PP by (NP Robert I. Toussie Limited Partnership))) (VP is (ADJP-PRD (ADJP inadequate) , and (ADJP full (PP of (NP (NP conditions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP leave (S (NP-SBJ it) `` (ADJP-PRD subject (PP to (NP substantial uncertainty))))))))))))))) . '')) (TOP (S (PP In (NP addition)) , (NP-SBJ-2 Lionel) (VP began (NP (NP a lawsuit) (VP *ICH*-1)) (PP-LOC in (NP (NP federal District Court) (PP-LOC in (NP New York)))) (VP-1 seeking (S (NP-SBJ *) (VP to (VP enjoin (NP the offer))))) , (S-ADV (NP-SBJ *-2) (VP alleging , (PP-LOC among (NP other things)) , (NP (NP (NP violations) (PP of (NP federal securities law))) and (NP (NP fraudulent manipulation) (PP of (NP (NP the market) (PP for (NP (NP Lionel 's) securities))))))))) .)) (TOP (S (NP-SBJ-1 (NP Robert I. Toussie) , (NP (NP general partner) (PP of (NP the investment group))) ,) (VP said (SBAR 0 (S (NP-SBJ the Lionel response) (VP reflected (NP (NP management 's) entrenched position)))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ-2 officials) (VP had (VP failed (S (NP-SBJ *-2) (VP to (VP come (PRT up) (PP-CLR with (NP (NP a better alternative) (PP to (NP (NP his group 's) offer)))))))))))))) .)) (TOP (S (NP-SBJ Mr. Toussie) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP respond (PP-CLR to (NP (NP Lionel 's) suit)) (SBAR-TMP after (S (NP-SBJ his lawyers) (VP review (NP it))))))))) .)) (TOP (S (S (NP-SBJ (NP Efforts (S *ICH*-2)) (PP by (NP a federal mediator)) (S-2 (NP-SBJ *) (VP to (VP reignite (NP (NP talks) (PP between (NP (NP Boeing Co.) and (NP the Machinists union)))))))) (ADVP apparently) (VP failed)) , and (S (NP-SBJ-1 no further meetings) (VP are (VP scheduled (NP *-1)))) .)) (TOP (S (S (NP-SBJ (NP Company officials) and (NP union representatives)) (VP did n't (VP meet (NP-ADV face to face)))) , but (S (NP-SBJ the mediator) (VP shuttled (PP-DIR between (NP the two groups)))) .)) (TOP (S (PP-LOC In (NP (NP a statement) (VP issued (NP *) (PP-TMP after (NP the meeting))))) , (NP-SBJ the aerospace giant) (VP said (SBAR 0 (S (NP-SBJ it) (VP wo n't (VP increase (NP its offer) (SBAR-ADV although (S (NP-SBJ (NP adjustments) (PP-LOC within (NP the proposed pay-and-benefit mix))) (VP are (ADJP-PRD possible))))))))) .)) (TOP (S (NP-SBJ Machinists) (ADVP-TMP already) (VP have (VP rejected (NP (NP a proposal) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP called (PP-CLR for (NP (NP a (NX (NX (ADJP 4 %) pay increase) and (NP (ADJP 8 %) bonus))) (PP-TMP in (NP the first year)))))))))) .)) (TOP (S (PP-TMP In (NP the second year)) , (NP-SBJ workers) (VP would (VP receive (NP (NP (NP a (ADJP 3 %) wage boost) and (NP a (ADJP 3 %) bonus)) , (PP followed (PP by (NP-LGS (NP a (ADJP 3 %) increase) (PP without (NP a bonus)) (PP-TMP in (NP the third year)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The company) (VP will not (VP budge (PP-LOC on (NP anything))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP a spokesman) (PP for (NP the union))) .)) (TOP (S (S (S-TPC-2 (SBAR-TMP As (S (NP-SBJ the strike) (VP enters (NP its 15th day) (NP-TMP today)))) , (NP-SBJ some members) (VP are (VP getting (ADJP-PRD nervous)))) , (NP-SBJ the spokesman) (VP conceded (SBAR 0 (S *T*-2))) ,) but (S (NP-SBJ-1 (NP the majority) (PP of (NP the 55,000 Machinists))) (VP are (VP prepared (S (NP-SBJ *-1) (VP to `` (VP wait (NP it) (ADVP-CLR out) (ADVP-TMP (ADVP as long) (SBAR as (S (NP-SBJ it) (VP takes (ADVP *?*))))))))))) .)) (TOP (S (NP-SBJ United Merchants & Manufacturers Inc.) (VP said (SBAR 0 (S (NP-SBJ (NP its president) , (NP Uzi Ruskin) ,) (VP withdrew (NP his proposal (S (NP-SBJ *) (VP to (VP acquire (NP (NP control) (PP of (NP the New York textile and clothing company))))))))))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ-1 Mr. Ruskin) (VP proposed , (PP-LOC among (NP other things)) , (S (NP-SBJ *-1) (VP to (VP buy (NP (NP (QP 3.5 million) shares) , or (NP 38 %) ,) (PP-CLR for (NP (NP $ 4 *U*) (NP-ADV apiece))))))) .)) (TOP (S (PP Coupled (PP with (NP (NP his current (QP 1.2 million) shares) and (NP (NP 4 %) (VP held (NP *) (PP by (NP-LGS an associate))))))) , (NP-SBJ the stake) (VP would (VP have (VP given (NP him) (NP (NP control) (PP of (NP (NP 55 %) (PP of (NP the concern)))))))) .)) (TOP (S (PP-LOC In (NP a Securities and Exchange Commission filing)) , (NP-SBJ Mr. Ruskin) (VP had (VP said (SBAR that (S (NP-SBJ (NP holders) (PP of (NP (NP the other 45 %) (PP of (NP United Merchants))))) (VP would (VP receive (NP (NP one-half share) (PP of (NP a new preferred stock)) (PP for (NP (NP each) (PP of (NP their shares))))))))))) .)) (TOP (S (NP-SBJ (NP A special committee) (PP of (NP United Merchants directors))) (VP said (SBAR that (S (PP in (NP (NP view) (PP of (NP (NP uncertainties) (PP regarding (NP various (ADJP legal and financial) considerations)))))) , (NP-SBJ it) (VP could n't (VP recommend (NP the plan) (PP-CLR to (NP the full board))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The company) (VP is (VP exploring , (PP with (NP a major financial institution)) , (NP (NP the development) (PP of (NP a plan (S (NP-SBJ *) (VP to (VP boost (NP (NP the value) (PP of (NP the company)) (PP for (NP its holders)))))))))))) , (NP-SBJ Mr. Ruskin) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC In (NP a separate SEC filing)) , (NP-SBJ (NP Albert Safer) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP holds (NP (NP 6.46 %) (PP of (NP United Merchants)))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP retained (NP investment bank Lazard Freres & Co.) (PP-PRP for (NP advice)) (SBAR-TMP as (S (NP-SBJ-2 he) (VP evaluates (NP (NP the possibility) (PP of (S-NOM (NP-SBJ *-2) (VP making (NP (NP a bid) (PP for (NP the textile maker)))))))))))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ (NP Mr. Safer) , (NP a (NAC-LOC Newark , N.J. ,) textile businessman) ,) (VP signed (NP (NP a confidentiality agreement) (SBAR (WHPP-1 under (WHNP which)) (S (NP-SBJ United Merchants) (VP would (VP provide (NP him) (PP-CLR with (NP nonpublic information)) (PP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ The White House) (VP is (VP making (ADJP sure (SBAR 0 (S (NP-SBJ nobody) (VP will (VP accuse (NP-1 it) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP taking (NP this crisis) (ADVP-MNR lightly))))))))))) .)) (TOP (S (PP-LOC In (NP (NP the aftermath) (PP of (NP the California earthquake)))) , (NP-SBJ (NP President Bush) and (NP his aides)) (VP flew (PP-DIR into (NP (NP a whirlwind) (PP of (NP earthquake-related activity)))) (NP-TMP yesterday morning)) .)) (TOP (S (S (NP-SBJ (NP Some) (PP of (NP it))) (VP was (ADJP-PRD necessary (S (NP-SBJ *) (VP to (VP get (S (NP-SBJ federal help) (VP flowing (PP-DIR to (NP victims)))))))))) , but (S (NP-SBJ-1 some) (VP seemed (VP designed (NP-2 *-1) (ADVP mostly) (S-CLR (NP-SBJ *-2) (VP to (VP project (NP (NP an image) (PP of (NP (NP a White House) (PP-LOC in (NP action))))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Mr. Bush) and (NP his aides)) (VP were (VP accused (NP-2 *-1) (PP-CLR of (S-NOM (NP-SBJ *-2) (VP responding (ADVP-MNR too slowly) (SBAR-TMP after (S (S (NP-SBJ the Exxon Valdez oil tanker) (VP split (ADVP-CLR open) (PP-LOC in (NP Alaskan waters)))) and (S (NP-SBJ Hurricane Hugo) (VP struck (NP the Carolina coast))))))))))) , and (S (NP-SBJ they) (ADVP clearly) (VP do n't (VP want (NP (NP a repeat) (PP of (NP those charges))) (ADVP-TMP now)))) .)) (TOP (S So (NP-SBJ the White House) (VP announced (SBAR that (S (NP-SBJ Mr. Bush) (VP got (NP (NP his first earthquake briefing) (PP of (NP the day))) (PP-TMP at (NP 6:30 a.m.)) (PP-DIR from (NP (NAC chief (PP of (NP staff))) John Sununu)))))) .)) (TOP (S (PP-TMP By (NP noon)) , (NP-SBJ Mr. Bush) (VP had (VP (VP taken (NP (NP two phone calls) (PP from (NP (NP Vice President Dan Quayle) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (PP-LOC-PRD in (NP California))))))))) ; (VP made (NP (NP a televised statement) (PP of (NP concern)))) ; (VP signed (NP a disaster proclamation)) ; (VP received (NP a written report) (PP-DIR from (NP the Federal Emergency Management Agency))) ; and (VP visited (NP FEMA headquarters)))) .)) (TOP (S (NP-SBJ (NP Mr. Bush) (NP himself)) (ADVP essentially) (VP acknowledged (SBAR that (S (NP-SBJ-1 (NP he) and (NP his aides)) (VP were (VP trying (S (NP-SBJ *-1) (VP to (VP head (PRT off) (NP criticism))))))))) .)) (TOP (S (PP-TMP On (NP his FEMA visit)) , (NP-SBJ-1 Mr. Bush) (VP said (SBAR that (S (NP-SBJ he) (VP hoped (SBAR 0 (S (NP-SBJ there) (VP would (VP be (NP-PRD `` (NP less carping) '' (PP about (NP (NP the emergency office 's) performance))) (NP-TMP this time)))))))) , (S-ADV (NP-SBJ *-1) (VP adding (SBAR that (S (NP-SBJ the agency) (VP `` took (NP a hit) '' (PP-PRP for (NP (NP its reaction) (PP to (NP Hurricane Hugo)))))))))) .)) (TOP (S (NP-SBJ The White House) (ADVP-TMP already) (VP is (VP talking (PP-CLR of (S-NOM (NP-SBJ Mr. Bush) (VP visiting (NP the California earthquake site) (NP-TMP this weekend)))))) .)) (TOP (S (S (NP-SBJ He) (VP visited (NP the Hugo devastation))) but (FRAG not (PP-TMP until (SBAR after (S (NP-SBJ local leaders) (VP urged (NP-1 him) (S (NP-SBJ *-1) (VP to (VP do (ADVP-PRD so))))))))) .)) (TOP (S (NP-SBJ (NP Beazer PLC) , (NP a major British building materials and construction concern) ,) (VP reported (NP-1 (NP a (ADJP 24 %) jump) (PP-LOC in (NP pretax profit)) (PP for (NP its latest financial year))) , (S-ADV (NP-SBJ-2 *-1) (VP helped (NP *-2) (PP (ADVP largely) by (NP-LGS (NP contributions) (PP from (NP (NP its U.S. unit) , (NP Koppers Co)))))))) .)) (TOP (S (NP-SBJ-1 (NP Pretax profit) (PP for (NP (NP the year) (PP-TMP to (NP June 30))))) (VP rose (PP-DIR to (NP (NP (QP # 142.5 million) *U*) (PRN -LRB- (NP (QP $ 224.5 million) *U*) -RRB-))) (PP-DIR from (NP (NP (QP # 114.7 million) *U*) (PRN -LRB- (NP (QP $ 180.7 million) *U*) -RRB-))) , (S-ADV (NP-SBJ *-1) (VP (ADVP-MNR broadly) matching (NP (NP analysts ') expectations)))) .)) (TOP (S (NP-SBJ (NP Profit) (PP-TMP (PP after (NP (NP taxes) and (NP minority interests))) but (PP before (NP extraordinary items)))) (VP increased (NP-EXT 22 %) (PP-DIR to (NP (QP # 92.6 million) *U*)) (PP-DIR from (NP (QP # 75.6 million) *U*) (ADVP-TMP (NP a year) earlier)) , (SBAR-ADV while (S (NP-SBJ (NP (ADJP fully diluted) earnings) (PP per (NP share))) (VP rose (PP-DIR to (NP (NP 29.90 pence) (PRN -LRB- (NP 47 cents) -RRB-))) (PP-DIR from (NP (NP 24.68 pence) (PRN -LRB- (NP 39 cents) -RRB-))))))) .)) (TOP (S (NP-SBJ (NP The lethal shudders) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP wracked (NP the San Francisco Bay Area)))) -- (VP rated (S (NP-SBJ *) (NP-PRD (NP a 6.9) (PP-LOC on (NP the Richter scale))))) --) (VP did n't (VP match (NP (NP the great earthquake) (PP of (NP 1906)) , (VP rated (NP *) (PP-CLR at (NP 8.25)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The difference) (PP of (NP (NP (QP just 1.35) points) (PP-LOC on (NP (NP the scale) , (VP designed (NP *) (PP by (NP-LGS (NP Charles Richter) (PP of (NP CalTech)))) (PP-TMP in (NP the 1930s))) ,))))) (VP means (SBAR 0 (S (NP-SBJ the older quake) (VP was `` (ADJP-PRD (QP 10 to 20 times) stronger)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Lane Johnson) , (NP (NP director) (PP of (NP the (NAC University (PP of (NP California)) (NP-LOC Berkeley)) Seismographic Station)))) .)) (TOP (S (S-TPC-1 (NP-SBJ The ground) (VP ruptured (PP-LOC along (NP (NP a 20-to-30-mile stretch) (PP of (NP the San Andreas Fault)))) (PP-TMP on (NP Tuesday)))) , (NP-SBJ Mr. Johnson) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP In (NP 1906)) , (NP-SBJ the rupture) (VP was (ADJP-PRD (ADJP (NP 300 miles) long) and (ADJP (NP a couple feet) wide))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ-1 (NP the epicenter) (PP of (NP (NP Tuesday 's) temblor))) (VP was (VP located (NP *-1) (ADVP-CLR (ADVP (NP 10 miles) north (PP of (NP (NP the town) (PP of (NP Santa Cruz))))) , and (ADVP (NP 50 miles) south (PP of (NP San Francisco)))))))) , (NP-SBJ its havoc) (VP hopscotched (PP-DIR up (NP the coast)) (PP-MNR in (NP (ADJP seemingly random) fashion))) .)) (TOP (S But (NP-SBJ-1 the greatest damage) (VP was (VP visited (NP *-1) (PP-CLR on (NP (NP buildings and roadways) (VP perched (NP *) (PP-LOC-CLR upon (NP landfill)) , (SBAR-ADV as (SINV (VP were (VP *?*)) (NP-SBJ (NP (NP (NP the Marina District) (PP of (NP San Francisco))) and (NP the Bay Bridge)) -- (NP (NP two areas) (PP of (NP maximum devastation))))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ (NP Landfill) -- (NP (ADJP loose and unconsolidated) earth) --) (VP may (VP feel (PP-CLR like (NP rock))))) but (S (NP-SBJ it) (VP behaves (PP-MNR like (NP liquid)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ you) (VP shake (NP it) (ADVP-TMP *T*-1))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Douglas Segar) , (NP (NP professor) (PP of (NP geosciences)) (PP-LOC at (NP San Francisco State University)))) (PP-LOC in (NP a televised interview)) .)) (TOP (S `` (NP-SBJ It) (VP liquefies (PP-MNR in (NP a patchwork quilt pattern))) .)) (TOP (S (NP-SBJ Our quake) (VP behaved (PP-MNR much like (NP (NP the Mexico City earthquake) , (SBAR (WHADVP-1 where) (S (NP-SBJ great damage) (VP was (PP-LOC-PRD (NP miles) from (NP the epicenter)) (ADVP-LOC *T*-1))))))) . '')) (TOP (S (NP-SBJ (NP Mr. Johnson) , (PP of (NP the Berkeley seismographic station)) ,) (VP said : `` (S (NP-SBJ-2 Landfill) (VP can (VP be (VP done (NP *-2) (SBAR-ADV if (S (NP-SBJ-1 it) (VP 's (VP (ADVP-MNR properly) compacted (NP *-1)))))))))) .)) (TOP (S (NP-SBJ You) (VP can (VP (VP drive (NP piles) (PP-LOC on (NP it))) and (VP build (PP-LOC on (NP it))))) . '')) (TOP (S (NP-SBJ He) (VP cited (NP (NP the example) (PP of (NP (NP (NP San Francisco 's) financial district) , (SBAR (WHADVP-1 where) (S (NP-SBJ-2 many new glass towers) (VP survived (S-CLR (NP-SBJ *-2) (ADJP-PRD almost unscathed)) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (S-TPC-2 But (NP-SBJ (NP the public policy issues) (VP raised (NP *) (PP by (NP-LGS earthquake damage)))) (VP will (VP be (ADJP-PRD difficult (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP address (NP *T*-1))))))))) , (NP-SBJ Mr. Johnson) (VP predicted (SBAR 0 (S *T*-2))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The attention span) (PP of (NP the public))) (VP is (ADJP-PRD short))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ We) (VP 've (VP known (PP-TMP for (NP years and years)) (SBAR 0 (S (NP-SBJ we) (VP 've (VP got (NP (NP lots) (PP of (NP old (PRN -LCB- pre-1950s -RCB-) unreinforced brick and masonry buildings))))))))) . '')) (TOP (S (NP-SBJ (NP One old building) , (NP (NP the Golden State Bank Building) (PP-LOC on (NP Front Street))) ,) (VP had (S (NP-SBJ-1 its yellow brick facade) (VP sheared (NP *-1) (ADVP-CLR off) (PP by (NP-LGS (NP the shock) (PP of (NP the quake)))) , (S-ADV (NP-SBJ *) (VP leaving (S (NP-SBJ (NP a wedge) (PP of (NP its third floor))) (ADJP-PRD open (PP to (NP the air)))) , (SBAR-TMP while (S (NP-SBJ-2 (NP piles) (PP of (NP dusty bricks))) (VP tumbled (PP-DIR to (NP the street below)) (S-ADV (NP-SBJ *-2) (VP (ADVP-MNR narrowly) missing (NP rush-hour pedestrians and cars))))))))))) .)) (TOP (S-1 (S-NOM-SBJ (NP-SBJ *) (VP Reinforcing (NP such old building stock))) (PRN , (S (NP-SBJ Mr. Johnson) (VP said (SBAR 0 (S *T*-1)))) ,) `` (VP comes (ADVP-CLR down) (PP-CLR to (NP money))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD a danger)) .)) (TOP (S (NP-SBJ We) (VP know (SBAR 0 (S (NP-SBJ it) (VP 's (ADVP-LOC-PRD there))))) .)) (TOP (S And (ADVP-TMP sooner or later) , (NP-SBJ-1 we) (VP have (S (NP-SBJ *-1) (VP to (VP do (NP something) (PP about (NP it)))))) . '')) (TOP (S (NP-SBJ-1 The urgency) (VP is (VP heightened (NP *-1) (SBAR-PRP because (S (NP-SBJ (NP this week 's) earthquake) -- (SBAR-ADV while (S (NP-SBJ *) (UCP-PRD (ADJP-PRD major) and (VP followed (NP *) (PP by (NP-LGS (NP hundreds) (PP of (NP aftershocks)))))))) -- (VP did n't (VP release (NP (NP enough pent-up energy tension (S *ICH*-2)) (PP-LOC along (NP the faultlines)) (S-2 (NP-SBJ *) (VP to (VP preclude (NP (NP (ADJP more and bigger) quakes) (ADVP-TMP soon)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The big one) (VP is (ADVP-TMP still) (ADJP-PRD due))) , '' (NP-SBJ Mr. Johnson) (VP predicted (S *T*-1) (PP-LOC in (NP an interview))) .)) (TOP (S `` (NP-SBJ The Bay Area) (VP has (NP (NP three (ADJP very dangerous) faults) , (NP (NP the San Andreas) , (NP the Hayward fault) and (NP the Calaveras fault)))) .)) (TOP (S (NP-SBJ (NP It) (PRN -LCB- (NP (NP Tuesday 's) quake) -RCB-)) (VP has n't (VP solved (NP our problem))) .)) (TOP (S (PP-LOC In (NP California)) , (NP-SBJ this) (VP is (NP-PRD the reality)) .)) (TOP (S (NP-SBJ-1 Coca-Cola Co.) (VP may (VP be (VP about (S (NP-SBJ *-1) (VP to (VP intensify (NP the cola wars))))))) .)) (TOP (S (NP-SBJ Coke) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP test market (NP (NP a caffeine-free version) (PP of (NP (NP its flagship brand) , (NP Coca-Cola Classic) ,))) (PP-TMP beginning (NP next week)) (PP-LOC in (NP (NP Charlotte) , (NP N.C)))))))) .)) (TOP (S (NP-SBJ Other , (ADJP as yet unnamed) , cities) (VP will (VP follow)) .)) (TOP (S (S-TPC-2 (SBAR-ADV If (S (NP-SBJ all) (VP goes (ADVP-MNR well)))) , (NP-SBJ-1 the product) (VP will (VP be (VP rolled (NP *-1) (PRT out) (PP-PRP for (NP national sales)) (NP-TMP sometime next year))))) , (NP-SBJ a Coke spokesman) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-TMP After (NP (NP the confusion) (VP surrounding (NP (NP the change) (PP of (NP the Coke formula)))) (PP-TMP in (NP 1985)))) , (NP-SBJ-1 Coca-Cola) (VP was (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP clutter (NP the Classic name) (PP with (NP a brand extension))))))) .)) (TOP (S But (ADVP-TMP now) , (NP-SBJ-1 the soft-drink giant) (VP appears (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP take (NP the risk)))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ The name Classic Coke) (VP has (NP tremendous value))) , and (S (NP-SBJ they) (VP have n't (VP merchandised (NP that name) (ADVP-TMP before))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Jesse Meyers) , (NP (NP publisher) (PP of (NP (NP the trade journal) (NP Beverage Digest))))) .)) (TOP (S (NP-SBJ The Coke spokesman) (VP said (SBAR 0 (S (NP-SBJ-1 a caffeine-free Classic) (VP should (VP help (S (NP-SBJ *-1) (VP increase (NP (NP volume) (PP of (NP the original brand)))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ analysts) (VP have (VP said (SBAR that (S (NP-SBJ (NP the absence) (PP of (NP new products))) , (PP-LOC among (NP other factors)) , (VP has (VP limited (NP sales growth) (PP-LOC throughout (NP the industry)))))))) .)) (TOP (S (NP-SBJ Coke) (ADVP-TMP now) (VP (VP leads (NP Pepsi) (PP-LOC in (NP (NP market share) (PP-LOC in (NP caffeine-free diet colas))))) but (VP trails (NP Pepsi) (PP-LOC in (NP (NP sales) (PP of (NP caffeine-free sugared colas))))) , (PP according (PP to (NP Beverage Digest)))) .)) (TOP (S (NP-SBJ Coke) (VP introduced (NP (NP a caffeine-free sugared cola) (PP based (PP on (NP its original formula)))) (PP-TMP in (NP 1983))) .)) (TOP (S (NP-SBJ It) (VP switched (PP-DIR to (NP (NP a caffeine-free formula) (VP using (NP its new Coke)))) (PP-TMP in (NP 1985))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Coke) (VP has (VP been (VP studying (NP (NP the possibility) (PP of (S-NOM (NP-SBJ *-1) (VP introducing (NP a caffeine-free Classic))))) (PP-TMP for (NP a year)))))) , (NP-SBJ a company spokesman) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP large increases) (PP-LOC in (NP (NP sales) (PP of (NP other non-caffeine soft drinks))))) (VP make (S (NP-SBJ the timing) (ADJP-PRD right) (ADVP-TMP now)))))) .)) (TOP (S (NP-SBJ CALIFORNIA) (VP STRUGGLED (PP-CLR with (NP (NP the aftermath) (PP of (NP a Bay area earthquake))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ aftershocks) (VP shook (NP the San Francisco Bay area)))) , (S (NP-SBJ rescuers) (VP searched (PP-CLR through (NP rubble)) (PP-PRP for (NP (NP survivors) (PP of (NP (NP Tuesday 's) temblor)))))) , and (S (NP-SBJ residents) (VP picked (NP their way) (PP-CLR through (NP glass-strewn streets)))) .)) (TOP (S (PP-LOC In (NP Oakland)) , (NP-SBJ (NP hopes) (PP *ICH*-1)) (VP faded (PP-1 for (S-NOM (NP-SBJ *) (VP finding (NP (ADJP any more) survivors) (PP-LOC within (NP (NP the concrete and steel) (PP from (NP (NP the collapse) (PP of (NP an interstate highway)))))))))) .)) (TOP (S (S (NP-SBJ-3 (QP At least 270) people) (VP were (VP reported (S (NP-SBJ-1 *-3) (VP-2 killed (NP *-1) (PP-LOC *RNR*-5)))))) and (S (NP-SBJ=3 1,400) (VP=2 injured (PP-LOC *RNR*-5))) (PP-LOC-5 in (NP (NP the rush-hour tremor) (SBAR (WHNP-4 that) (S (NP-SBJ *T*-4) (VP caused (NP (NP billions) (PP of (NP (NP dollars) (PP of (NP damage))))) (PP-LOC along (NP (NP 100 miles) (PP of (NP the San Andreas fault))))))))) .)) (TOP (S (S (NP-SBJ Bush) (VP declared (S (NP-SBJ the region) (NP-PRD a major disaster area)))) and (S (NP-SBJ-1 the military) (VP was (VP mobilized (NP *-1) (S-TPC (NP-SBJ *) (VP to (VP prevent (NP looting))))))) .)) (TOP (S (NP-SBJ The baseball commissioner) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the third game) (PP of (NP the World Series)) (PP between (NP (NP the Giants) and (NP the Athletics)))) (VP would (VP be (VP played (NP *-1) (NP-TMP Tuesday) (PP-LOC in (NP Candlestick Park)))))))) .)) (TOP (S (NP-SBJ-1 HONECKER) (VP WAS (VP OUSTED (NP *-1) (PP as (NP (NP leader) (PP of (NP East Germany)))) (PP-LOC amid (NP growing unrest)))) .)) (TOP (S (NP-SBJ-1 (NP The 77-year-old official) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP oversaw (NP (NP the building) (PP of (NP the Berlin Wall)))))) ,) (VP was (VP removed (NP *-1) (PP-TMP during (NP (NP a meeting) (PP of (NP the 163-member Communist Party Central Committee)) (PP-LOC in (NP East Berlin)))))) .)) (TOP (S (NP-SBJ (NP Honecker) , (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP was (VP reported (S (NP-SBJ *-1) (ADJP-PRD ill)) (PP-TMP following (NP (NP gall-bladder surgery) (PP-TMP in (NP August)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP was (VP resigning (PP-PRP for (NP health reasons))))))) .)) (TOP (S (NP-SBJ-1 He) (VP was (VP succeeded (NP *-1) (PP by (NP-LGS (NP internal-security chief Egon Krenz) , (NP 52) , (NP (NP a hard-liner) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP (ADVP-MNR quickly) ruled (PRT out) (NP (NP any sharing) (PP of (NP power)) (PP with (NP pro-democracy groups))))))))))) .)) (TOP (S (NP-SBJ (NP Honecker 's) departure) (VP came (PP-TMP after (NP (NP (NP weeks) (PP of (NP street protests))) and (NP (NP an exodus) (PP to (NP the West)) (PP of (NP (NP East Germans) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP become (ADJP-PRD disenchanted (PP with (NP his rule))))))))))))) .)) (TOP (S (NP-SBJ-1 HUNGARY) (VP ADOPTED (NP constitutional changes) (S-PRP (NP-SBJ *-1) (VP to (VP form (NP a democratic system))))) .)) (TOP (S (PP-LOC At (NP a (ADJP nationally televised) legislative session)) (PP-TMP in (NP Budapest)) , (NP-SBJ the Parliament) (VP (ADVP-MNR overwhelmingly) approved (NP (NP changes) (VP (VP (ADVP-MNR formally) ending (NP one-party domination) (PP-LOC in (NP the country))) , (VP regulating (NP free elections) (PP-TMP by (NP next summer))) and (VP establishing (NP (NP the office) (PP of (NP state president)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP replace (NP a 21-member council)))))))))) .)) (TOP (S (NP-SBJ-1 The country) (VP was (VP renamed (S (NP-SBJ *-1) (NP-PRD (NP the Republic) (PP of (NP Hungary)))))) .)) (TOP (S (PP Like (NP other Soviet bloc nations)) , (NP-SBJ-1 it) (VP had (VP been (VP known (NP *-1) (PP-CLR as (NP a `` (NP people 's) republic '')) (FRAG (PP-TMP since))))))) (TOP (S (NP-SBJ (NP The voting) (PP for (NP new laws))) (VP followed (NP (NP (NP dissolution) (PP of (NP (NP Hungary 's) Communist Party)) (NP-TMP this month)) and (NP (NP its replacement) (PP by (NP a Western-style Socialist Party))))) .)) (TOP (S (S (NP-SBJ (NP The space shuttle) (NP Atlantis)) (VP blasted (PP-DIR into (NP orbit)) (PP-DIR from (NP (NP Cape Canaveral) , (NP Fla.) ,)))) and (S (NP-SBJ (NP its crew) (PP of (NP five astronauts))) (VP launched (NP the nuclear-powered Galileo space probe) (PP-CLR on (NP (NP a flight) (PP to (NP the planet Jupiter)))))) .)) (TOP (S (NP-SBJ-1 (NP The (ADJP (QP $ 1.4 billion) *U*) robot spacecraft 's) exploratory mission) (VP is (S (NP-SBJ *-1) (VP to (VP take (NP six years))))) .)) (TOP (S (NP-SBJ-1 The shuttle) (VP is (VP slated (S (NP-SBJ *-1) (VP to (VP return (NP-TMP Monday) (PP-DIR to (NP California))))))) .)) (TOP (S (NP-SBJ-2 (NP South Korea 's) President Roh) (VP (VP addressed (NP a joint House-Senate meeting)) and (VP urged (NP (NP patience) (PP over (NP (NP U.S. demands) (PP for (NP (NP the opening) (PP of (NP (NP Seoul 's) markets)) (PP to (NP more American goods)))))))) , (S-ADV (NP-SBJ *-2) (VP saying (SBAR 0 (S (NP-SBJ-1 trade issues) (VP would (VP be `` (VP resolved (NP *-1) (PP to (NP mutual satisfaction)))))))))) . '')) (TOP (S (NP-SBJ He) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ tragic results) (VP could (VP follow (NP (NP any `` hint) (PP of (NP (NP weakening) '' (PP of (NP (NP the U.S. defense commitment) (PP to (NP Seoul)))))))))))) .)) (TOP (S (NP-SBJ The Census Bureau) (VP reported (SBAR that (S (NP-SBJ (NP (NP 13.1 %) (PP of (NP the U.S. population))) , or (NP (QP 31.9 million) people) ,) (VP were (VP living (PP-LOC-CLR in (NP poverty)) (PP-TMP in (NP 1988))))))) .)) (TOP (S (NP-SBJ (NP Last year 's) figure) (VP (VP was (ADVP-PRD down (PP from (NP (NP 13.4 %) (PP-TMP in (NP 1987)))))) and (VP marked (NP (NP the fifth consecutive annual decline) (PP-LOC in (NP the poverty rate))))) .)) (TOP (S (S (NP-SBJ Per capita income) (VP rose (NP-EXT 1.7 %) (PP-DIR to (NP $ 13,120 *U*)))) , but (S (NP-SBJ median family income) (VP fell (NP-EXT 0.2 %))) .)) (TOP (S (NP-SBJ The Bush administration) (VP accused (NP-1 Israeli Prime Minister Shamir) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP hindering (NP (NP peace efforts) (PP-LOC in (NP the Mideast))) (PP with (NP (ADJP `` unhelpful '' and disappointing) statements)))))) .)) (TOP (S (NP-SBJ Shamir) (VP said (NP-TMP Tuesday) (SBAR that (S (NP-SBJ-2 he) (VP was (VP prepared (S (NP-SBJ *-2) (VP to (VP risk (NP (NP a policy conflict) (PP with (NP the U.S.))) (PP over (NP an Egyptian plan (S (NP-SBJ *) (VP to (VP hold (NP (NP direct Israeli-Palestinian talks) , (SBAR (WHNP-1 which) (S (NP-SBJ (NP the premier 's) Likud bloc) (VP opposes (NP *T*-1)))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Cuba) (VP was (VP elected (NP *-1) (PP-CLR to (NP the U.N. Security Council)) (PP-TMP for (NP (NP the first time) (PP-TMP since (NP (NP its Castro-led revolution) (ADVP-TMP (NP 30 years) ago))))))) .)) (TOP (S (NP-SBJ The election) (VP was (PP-PRD by (NP (NP secret ballot) (PP-LOC in (NP the General Assembly))))) .)) (TOP (S (NP-SBJ The U.S.) (VP did n't (VP (ADVP-MNR openly) oppose (NP (NP (NP Cuba 's) seating) (PP as (NP the Latin American council delegate))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Britain 's) Prime Minister Thatcher) (VP told (NP (NP a Commonwealth summit) (PP-LOC in (NP (NP Kuala Lumpur) , (NP Malaysia) ,))) (SBAR that (S (NP-SBJ (NP sanctions) (PP against (NP South Africa))) (VP were `` (ADJP-PRD utterly irresponsible)))))) , '' (NP-SBJ officials) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ (NP other nations) (PP-LOC at (NP (NP the opening) (PP of (NP (NP the 49-nation meeting) (PP of (NP (NP Britain) and (NP its former colonies)))))))) (VP pressed (PP-CLR for (NP (ADJP continued or stronger) embargoes)) (PP-LOC in (NP an effort (S (NP-SBJ *) (VP to (VP end (NP apartheid))))))) .)) (TOP (S (NP-SBJ (NP Arab officials) (PP-LOC in (NP Saudi Arabia))) (VP said (SBAR 0 (S (NP-SBJ-1 (NP three-week-old talks) (PP by (NP Lebanese lawmakers)) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP ending (NP (NP Lebanon 's) civil war)))))) (VP appeared (S (NP-SBJ-2 *-1) (VP about (S (NP-SBJ *-2) (VP to (VP collapse))))))))) .)) (TOP (S (NP-SBJ-1 Christian legislators) (VP are (VP insisting (PP-CLR on (NP (NP a Syrian troop pullout) (PP from (NP Lebanon)))) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP agreeing (PP-CLR to (NP (NP political changes) (VP giving (NP (NP the nation 's) Moslems) (NP (NP a greater role) (PP-LOC in (NP (NP Beirut 's) government))))))))))) .)) (TOP (S (NP-SBJ (NP Colombia 's) judges) (VP launched (NP (NP a 72-hour strike) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP press (NP security demands)))))) (PP-TMP following (NP (NP (NP Tuesday 's) murder) (PP of (NP a High Court justice)) (PP-LOC in (NP Medellin))))) .)) (TOP (S (NP-SBJ (NP The country 's) narcotics traffickers) (VP claimed (NP (NP responsibility) (PP for (NP the slaying)))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP (NP the country 's) 20,000 (NX (NX judges) and (NX judicial employees))))) (VP joined (NP the work stoppage)) .)) (TOP (S (NP-SBJ-1 (NP Charles S. Mitchell) , (NP (NP a vice president) (PP with (NP (NP Homart Development Co.) , (NP (NP the real estate development subsidiary) (PP of (NP Sears , Roebuck & Co.)))))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP president) (PP of (NP (NP Figgie Properties) , (NP a real estate development unit))))))) .)) (TOP (S (NP-SBJ He) (VP succeeds (NP (NP William Kohut) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP resigned (NP-TMP earlier this year)))))) .)) (TOP (S (ADVP Also) , (NP-SBJ-1 (NP Richard A. Barkley) , (NP (NP a former marketing executive) (PP with (NP FMC Corp.))) ,) (VP was (VP appointed (S (NP-SBJ *-1) (NP-PRD (NP president) (PP of (NP (NP Continental Container Systems) , (NP (NP a producer) (PP of (NP can closing machinery)) (SBAR (WHNP-2 that) (S (NP-SBJ Figgie) (VP acquired (NP *T*-2) (NP-TMP late last year))))))))))) .)) (TOP (S (NP-SBJ Figgie) (VP is (NP-PRD a fire protection , electronics and industrial products concern)) .)) (TOP (S (NP-SBJ Dow Chemical Co.) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP slipped (NP-EXT 6.8 %) (PP-DIR from (NP a record year-ago quarter)))))) .)) (TOP (S (NP-SBJ The decline) (VP broke (NP (NP a streak) (PP of (NP (NP 10 quarters) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ Dow) (VP posted (NP earnings increases) (PP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Dow 's) third-quarter net) (VP fell (PP-DIR to (NP (NP (QP $ 589 million) *U*) , or (NP (NP $ 3.29 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 632 million) *U*) , or (NP (NP $ 3.36 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ (NP Sales) (PP-TMP in (NP the latest quarter))) (VP rose (NP-EXT 2 %) (PP-DIR to (NP (QP $ 4.25 billion) *U*)) (PP-DIR from (NP (QP $ 4.15 billion) *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Dow) (VP closed (PP-CLR at (NP (NP $ 94.625 *U*) (NP-ADV a share))) , (ADVP up (NP 75 cents)) , (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (S (NP-SBJ A spokeswoman) (VP said (SBAR 0 (S (NP-SBJ Dow) (VP is (ADJP-PRD comfortable (PP with (NP Wall Street expectations (SBAR that (S (NP-SBJ full-year earnings) (VP will (VP total (NP (NP (NP (QP about $ 14.60) *U*) (NP-ADV a share)) , (PP compared (PP with (NP (NP (NP last year 's) record net) (PP of (NP (NP (QP $ 2.4 billion) *U*) , or (NP (NP $ 12.76 *U*) (NP-ADV a share))))))))))))))))))) .)) (TOP (S But (NP-SBJ (NP that signal) (PP on (NP full-year profit))) (VP casts (NP doubt) (PP-DIR on (SBAR whether (S (NP-SBJ Dow) (VP will (VP improve (PP-CLR on (NP (NP its year-ago fourth-quarter net) (PP of (NP (NP (NP $ 3.44 *U*) (NP-ADV a share)) , or (NP (QP $ 635 million) *U*))))))))))) .)) (TOP (S (NP-SBJ Dow) (VP would (VP earn (NP (NP $ 14.85 *U*) (NP-ADV a share)) (PP for (NP the year)) (SBAR-ADV if (S (NP-SBJ it) (VP equaled (NP that year-ago fourth-quarter performance)))))) .)) (TOP (S (NP-SBJ Dow officials) (VP were (VP signaling (SBAR that (S (NP-SBJ the company) (VP would (VP earn (NP (NP (QP less than $ 15) *U*) (NP-ADV a share)) (NP-TMP this year))))) (SBAR-TMP even before (S (NP-SBJ they) (VP announced (PP-TMP in (NP July)) (NP a plan (S (NP-SBJ *) (VP to (VP acquire (NP (NP 67 %) (PP of (NP Marion Laboratories Inc)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ That acquisition) (VP could (VP (ADVP further) dilute (NP (NP earnings) (PP per (NP share))) (NP-TMP this year)))) , (NP-SBJ the company spokeswoman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Dow) (VP has n't (VP said (SBAR (WHNP-1 (WHADJP exactly what) impact) (S (NP-SBJ the Marion acquisition) (VP will (VP have (NP *T*-1) (PP-CLR on (NP 1989 earnings)))))))) .)) (TOP (S (NP-SBJ Dow) (VP blamed (NP the third-quarter earnings drop) (PP-CLR on (NP (NP several factors) , (PP including (NP (NP (NP softer prices) (PP for (NP (NP polyethylene) and (NP other basic chemicals)))) , (NP a slower U.S. economy) and (NP (NP a stronger dollar) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP made (S (NP-SBJ (NP (NP Dow 's) exports) (PP from (NP the U.S.))) (ADJP-PRD more expensive (PP to (NP overseas customers))))))))))))) .)) (TOP (S (NP-SBJ Another problem) (VP was (NP-PRD (NP a (ADJP 7 %) increase) (PP-LOC in (NP operating costs)) (PP-TMP at (NP (NP a time) (SBAR (WHADVP-1 when) (S (NP-SBJ revenue) (VP was (VP rising (PP-EXT by (NP only 2 %)) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (PP For (NP (NP the first nine months) (PP of (NP the year)))) , (NP-SBJ Dow) (VP earned (NP (NP (QP $ 2.06 billion) *U*) , or (NP (NP $ 11.41 *U*) (NP-ADV a share)) ,) (ADVP up (NP 17 %) (PP from (NP (NP (QP $ 1.76 billion) *U*) , or (NP (NP $ 9.32 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) ago)))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP the latest nine months))) (VP rose (NP-EXT 7.7 %) (PP-DIR to (NP (QP $ 13.34 billion) *U*)) (PP-DIR from (NP (QP $ 12.38 billion) *U*) (PP-TMP in (NP the year-ago period)))) .)) (TOP (SBARQ (SBAR-ADV Whether or not `` (S (NP-SBJ great cases) (VP make (NP bad-law) '' (PRN -- (SBAR-ADV as (S (NP-SBJ Justice Holmes) (VP asserted (S *?*)))) --)))) (WHNP-1 who) (SQ (NP-SBJ *T*-1) (VP can (VP doubt (SBAR that (S (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ great confirmation hearings) (VP turn (PP-CLR on (NP (NP (NP the nominee 's) response) (PP to (NP these great cases)))) (ADVP-TMP *T*-2)))) (NP-SBJ they) (VP make (NP bad judicial history))))))) ?)) (TOP (S (NP-SBJ (NP (NP Ethan Bronner 's) `` (NX-TTL (NP (NP Battle) (PP for (NP Justice))) : (SBAR (WHADVP How) (S (NP-SBJ the Bork Nomination) (VP Shook (NP America))))) '') (PRN -LRB- (NP Norton) , (NP 399 pages) , (NP $ 22.50 *U*) -RRB-)) (VP is (NP-PRD (NP a spirited narrative) (PP of (NP (NP the nastiest) (PP of (NP these hearings)))) , (VP done (NP *) (PP (PP with (NP journalistic verve)) , but (PP with (NP a flawed legal philosophy)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the book) (VP (ADVP-MNR amply) justifies (NP its subtitle)))) , (NP-SBJ (NP the title) (NP itself)) (VP is (ADJP-PRD dubious)) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP shook (NP America)))) (VP was not (NP-PRD (NP a battle) (PP (PP for (NP justice)) but (PP for (NP naked power))) , (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ (NP an army) (PP of (NP judicial activists))) (VP rolled (ADVP-CLR over) (NP (NP a judge) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP had (VP demonized (NP *T*-2)))))) (PP-LOC *T*-3)))))) .)) (TOP (S (PP-LOC In (NP its basic structure and style)) (NP-SBJ the book) (VP is (ADJP-PRD novelistic) , (PP with (NP (NP piquant character portrayal) , (NP hard-wire action) and (NP (NP devious intrigue) (PP of (NP (NP the sort) (ADJP (ADJP more likely (S (NP-SBJ-1 *) (VP to (VP be (VP encountered (NP *-1) (PP-LOC in (NP a Washington docudrama))))))) (PP than (PP in (NP a constitutional history)))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Bronner) (VP seems (S (NP-SBJ *-1) (VP to (VP believe (SBAR that (S (NP-SBJ the hearings) (VP could (VP have (VP gone (NP-DIR either way)))))))))) .)) (TOP (S (NP-SBJ I) (VP doubt (NP that)) .)) (TOP (S (PP Given (NP (NP Democratic frustration) (PP with (NP (NP (NP the Reagan victories) and (NP Court appointments)) , (NP (NP the contingency plans) (PP-LOC in (NP place))) , and (NP (NP (NP Mr. Bork 's) paper trail) (PP of (NP vulnerable writings))))))) , (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP was (ADJP-PRD pretty clear) (SBAR-2 that (S (NP-SBJ Judge Bork) (ADVP-TMP never) (VP stood (NP (NP much chance) (PP of (S-NOM (NP-SBJ-1 *) (VP being (VP confirmed (NP *-1)))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ (NP Mr. Bronner) (NP himself)) (VP says (SBAR 0 (S *?*))))) , (NP-SBJ (NP the smell) (PP of `` (NP raw meat) '')) (VP was (PP-LOC-PRD in (NP the air))) .)) (TOP (S (SBAR-PRP (ADVP Perhaps) because (S (NP-SBJ they) (VP won))) , (NP-SBJ (NP Mr. Bork 's) attackers) (VP come (ADVP-CLR through) (ADVP-MNR (ADVP more vividly) (PP than (NP his defenders)))) .)) (TOP (S (NP-SBJ-1 Ralph Neas) (VP was (NP-PRD the organizing genius) , (S-ADV (NP-SBJ *-1) (VP whipping (NP (NP a conglomerate) (PP of (NP pressure groups))) (PP-CLR into (NP an irresistible attacking force))))) .)) (TOP (S (NP-SBJ-2 (NP Harvard 's) Laurence Tribe) (VP was (NP-PRD the constitutional heavy) , (S-ADV (NP-SBJ *-2) (VP laying (PRT out) (NP (NP legal strategies) (SBAR (WHNP-1 0) for (S (NP-SBJ the senators and witnesses) (VP to (VP follow (NP *T*-1))))))))) .)) (TOP (S-CLF But (NP-SBJ it) (VP was (NP-PRD Ted Kennedy) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP scored (ADVP-MNR most effectively) (PP with (NP (NP his searing portrayal) (PP of (NP `` (NP (NP Robert Bork 's) America) '' -- (NP (NP the parade) (PP of (NP (NP imaginary horribles) (SBAR (WHNP-2 that) (S-4 (NP-SBJ *T*-2) (VP would (VP follow (ADVP-MNR logically) (PRN , (S (NP-SBJ he) (VP claimed (SBAR 0 (S *T*-4)))) ,) (PP-DIR from (NP (NP the positions) (SBAR (WHNP-3 0) (S (NP-SBJ Mr. Bork) (VP had (VP taken (NP *T*-3) (PP-TMP over (NP (NP the space) (PP of (NP two decades))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ Sen. Kennedy) (PRN , (S (NP-SBJ *) (ADVP-TMP never) (VP mind (NP (NP his dubious credentials) (PP for (NP the moral high ground))))) ,) (VP emoted (ADVP-MNR brilliantly)) .)) (TOP (S (NP-SBJ I) (VP add (NP two others)) .)) (TOP (S (NP-SBJ (NP Republican Sen. Arlen Specter) (PP of (NP Pennsylvania))) (VP engaged (NP the nominee) (PP-CLR in (NP (NP a verbal contest) (VP aimed (NP-1 *) (PP-CLR at (S-NOM (NP-SBJ *-1) (VP showing (SBAR that (S (NP-SBJ-2 Mr. Bork) (VP was (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP stretch (NP the Constitution) (PP-LOC in (NP (NP one area) (PRN -LRB- (NP free speech) -RRB-))))))) (SBAR-ADV while (S (NP-SBJ *-2) (VP remaining (ADJP-PRD rigid) (PP-LOC in (NP all the others))))))))))))))) .)) (TOP (S (NP-SBJ It) (VP (VP achieved (NP a good media play)) , and (VP enabled (S (NP-SBJ (NP Sen. Specter) and (NP others)) (VP to (VP vote (PP-CLR against (NP Mr. Bork)) (PP out (PP of `` (NP conscience)))))))) . '')) (TOP (S (NP-SBJ Further ammunition) (VP came (PP-DIR from (NP (NP left legal theorist Ronald Dworkin) , (SBAR (WHNP-1 who) (S (PP-LOC in (NP (NP the New York Review) (PP of (NP Books)))) (NP-SBJ *T*-1) (VP painted (NP (NP a picture) (PP of (S-NOM (NP-SBJ a constitutional zombie) (VP (ADVP-MNR willfully) reading (NP his personal prejudices) (PP-CLR into (NP the Constitution)) , (PP-LOC (ADVP particularly) in (NP (NP the area) (PP of `` (NP original intent)))))))))))))) . '')) (TOP (S (NP-SBJ-1 (NP The charge) (PP of (S-NOM (NP-SBJ *) (VP being `` (PP-LOC-PRD outside (NP (NP the mainstream) '' (PP of (NP legal thought)))))))) (VP (ADVP-MNR gravely) undercut (NP (NP Mr. Bork 's) scholarly standing) , (S-ADV (NP-SBJ *-1) (VP leaving (S (NP-SBJ him) (VP bleeding (PP-LOC on (NP the platform))))))) .)) (TOP (S (NP-SBJ-1 The nomination) (ADVP-TMP still) (VP might (VP have (VP been (VP salvaged (NP *-1) (SBAR-ADV if (S (NP-SBJ (NP a number) (PP of (NP Democratic moderates)) (PP-LOC in (NP the South and Southwest))) (VP had (VP broken (NP party lines))))))))) .)) (TOP (S But (NP-SBJ (NP Democratic Sen. Bennett Johnson) (PP of (NP Louisiana))) (VP reminded (NP the little band) (SBAR that (S (NP-SBJ anti-Bork blacks and women) (VP could (VP furnish (NP (NP the margin) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP punish (NP them) (PP-LOC in (NP their next Senate elections)))))))))))) .)) (TOP (S (NP-SBJ-1 Demographics) (VP converged (PP-CLR with (NP `` mainstream '' and demonizing)) (S (NP-SBJ *-1) (VP to (VP seal (NP (NP Robert Bork 's) fate))))) .)) (TOP (FRAG (NP The upshot ?))) (TOP (S (NP-SBJ (NP Mr. Bork 's) opponents) (VP (VP chose (NP the battlefield)) , (VP held (NP it)) and (VP kept (NP it))) .)) (TOP (S Yet (PP with (NP (NP the smooth confirmation) (PP of (NP (NP Anthony Kennedy) , (NP (NP an `` 80 percenter '') (ADJP (ADJP (ADVP only slightly less) supportive (PP of (NP judicial restraint))) (PP than (NP Mr. Bork)))))))) , (NP-SBJ the Democrats) (VP may (VP have (VP (VP won (NP the battle)) but (VP lost (NP the war))))) .)) (TOP (S (NP-SBJ Another upshot) , (ADVP however) , (VP was (NP-PRD (NP the chilling message) (SBAR (WHNP-1 0) (S (NP-SBJ the Bork hearings) (VP sent (NP *T*-1) (PP-DIR into (NP (NP the judicial culture) (SBAR (WHPP-2 from (WHNP which)) (S (NP-SBJ the Supreme Court) (VP draws (NP its talent) (PP-DIR *T*-2))))))))))) .)) (TOP (S (NP-SBJ The word (SBAR *ICH*-1)) (VP went (ADVP-DIR forth) (PP-DIR to (NP every law school)) (SBAR-1 that (S (NP-SBJ (NP those) (PP with (NP federal court ambitions))) (VP must (VP travel (NP a safe constitutional journey) , (PP with (NP (NP no paper trail) and (NP (NP no bite) (PP to (NP their tongue or pen)))))))))) .)) (TOP (S (ADVP Unfortunately) , (NP-SBJ the author) (ADVP simply) (VP does n't (VP supply (NP (NP the philosophical frame) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP sustain (NP his reportorial talents)))))))) .)) (TOP (S (NP-SBJ He) (VP has (VP (ADVP-MNR too readily) swallowed (NP (NP the case) (PP for (NP the activist law school culture))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Probing (ADVP-MNR more deeply) (PP-DIR into (NP (NP the doctrine) (PP of `` (NP judicial restraint)))))) , '' (NP-SBJ-1 he) (VP would (VP have (VP found (NP (NP a long history) (VP going (ADVP-DIR back (PP to (NP (NP the great decisions) (PP of (NP Justice Holmes)))))))))) .)) (TOP (S (NP-SBJ He) (VP would (VP discover (NP it) (ADVP also) (PP-LOC-CLR in (NP (NP Alexander Bickel) , (NP a subtle constitutional scholar) , (NP (NP (NP Mr. Bork 's) closest friend) (PP-LOC at (NP Yale))) , (SBAR (WHNP-1 (WHNP whose influence) (PP on (NP the judge))) (S (NP-SBJ *T*-1) (VP goes (PP-DIR (ADVP well) beyond (NP (NP Mr. Bronner 's) reporting))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP the long view) (PP of (NP (NP Robert Bork) (PP as (NP constitutional thinker))))) (VP must (VP be (NP-PRD a spotty one))) .)) (TOP (S (NP-SBJ His strength) (VP lies (PP-LOC-CLR in (NP (NP his majoritarian doctrine) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP keeps (S (NP-SBJ the Court) (ADJP-PRD clear (PP of (NP transient group pressures))))) and (VP leaves (NP (NP most decisions) (PP-LOC in (NP a democracy))) (PP-CLR to (NP elected legislatures and executives))))))))) .)) (TOP (S (ADVP Unfortunately) , (NP-SBJ-2 Mr. Bork) (VP failed (S (NP-SBJ *-2) (VP to (VP distinguish (PP-CLR between (NP (NP such pressures) and (NP (NP the emergence) (PP of (NP (NP great issues) (ADJP critical (PP to (NP a society))) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP must (VP be (VP settled (NP *-1) (ADVP-MNR judicially) (SBAR-ADV if (S (NP-SBJ-4 it) (VP is (S (NP-SBJ *-4) (VP to (VP cohere)))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The question) (PP of (NP segregated schools)) , (PP-LOC in (NP (NP Brown) (PP vs. (NP (NP Board) (PP of (NP Education)))))) ,) (VP was (NP-PRD such an issue)) .)) (TOP (S (PP-TMP In (NP our time)) (NP-SBJ abortion) (VP has (VP become (NP-PRD (NP another) , (VP (ADVP best) left (NP *) (PP-CLR (PP to (NP (NP a line) (PP of (NP Supreme Court decisions)))) (PP rather than (PP to (NP (NP the chaos) (PP of (NP 50 state legislatures)))))))))) .)) (TOP (S (NP-SBJ-1 (NP A (ADJP reflective and growing) consensus) (PP of (NP Americans))) (ADVP clearly) (VP wishes (S (NP-SBJ *-1) (VP to (VP apply (NP (NP (NP the right) (PP to (NP privacy)) (PP-LOC in (NP contraceptive matters))) (PRN -LRB- (VP decided (NP *) (PP-LOC in (NP the Griswold case))) -RRB-)) (PP-CLR to (NP abortion)) (ADVP as well))))) .)) (TOP (S (NP-SBJ One) (VP can (VP understand (NP (NP Mr. Bork 's) fear (SBAR that (S (NP-SBJ-1 (NP the new right) (PP to (NP privacy))) (VP will (VP become (VP (ADVP-MNR intolerably) stretched (NP *-1))))))) , (SBAR-ADV though (S (NP-SBJ-2 (NP a Supreme Court) (VP composed (NP *) (PP-CLR of (NP (NP men and women) (PP with (NP (NP realism) , (NP guts) and (NP (NP a sense) (PP of (NP limits))))))))) (VP should (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP manage (NP it))))))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD certain)))) (VP is (SBAR-PRD that (S (SBAR-ADV if (S (NP-SBJ Americans) (VP allow (NP (NP another happening) (PP like (NP the degrading Bork confirmation circus)))))) , (NP-SBJ it) (VP will (VP be (PP-PRD at (NP their peril))))))) .)) (TOP (S (NP-SBJ Mr. Lerner) (VP is (NP-PRD (NP a writer and historian) (VP living (PP-LOC-CLR in (NP New York))))) .)) (TOP (S (NP-SBJ (NP (NP Sotheby 's) Inc.) , (NP (NP the world 's) biggest auction house) ,) (VP is (VP taking (NP (NP a huge Wall Street-style risk) (PP-LOC on (NP (NP the outcome) (PP of (NP (NP the sale) (PP of (NP (NP art) (PP from (NP (NP the estate) (PP of (NP (NP John T. Dorrance Jr.) , (NP the Campbell Soup Co. heir)))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ The Financial Services division) (VP has (VP guaranteed (NP the Dorrance family) (SBAR that (S (NP-SBJ it) (VP will (VP receive (NP (NP a minimum) (PP of (NP (QP $ 100 million) *U*))) (PP for (NP the collection)) , (ADVP regardless (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP the bids) (PP for (NP the art works))) (VP total (NP *T*-1))))))))))))) , (NP-SBJ (NP people) (ADJP close (PP to (NP the transaction)))) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP The collection) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP (NP two early Picassos) , (NP a van Gogh) , (NP a Monet) , (NP other paintings) , (NP furniture and porcelains))))) ,) (VP went (PP-PRD on (NP sale)) (NP-TMP last night) (PP-LOC in (NP (NP the first) (PP of (NP six auctions))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ Sotheby 's) (VP is (VP doing (NP *T*-1))))) (VP (ADVP-MNR closely) resembles (NP (NP an underwriting) (PP by (NP an investment bank)))) .)) (TOP (S (NP-SBJ (NP A corporation) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP wants (S (NP-SBJ *-3) (VP to (VP sell (NP stock or bonds)))))))) (VP goes (PP-DIR to (NP (NP a Wall Street firm) , (SBAR (WHNP-2 which) (S (NP-SBJ-4 *T*-2) (VP purchases (NP the securities) (ADVP-MNR outright) , (S-ADV (NP-SBJ-5 *-4) (VP accepting (NP (NP the financial risk) (PP of (S-NOM (NP-SBJ *-5) (VP finding (NP buyers))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the investment bank) (VP can (VP sell (NP the securities) (PP at (NP (NP a higher price) (SBAR than (S (NP-SBJ it) (VP paid (NP the issuer) (NP *?*)))))))))) , (NP-SBJ it) (VP makes (NP a profit)) .)) (TOP (S (PP-LOC At (NP (NP (NP the initial sale) (NP-TMP last night)) , (PP for (NP example)) -- (NP (NP the sale) (VP featuring (NP the Impressionists masters))) --)) (NP-SBJ bids) (VP totaled (NP (QP $ 116 million) *U*)) .)) (TOP (S (NP-SBJ That) (VP was (PP-LOC-PRD (ADVP slightly) above (NP (NP (NP Sotheby 's) presale estimate) (PP of (NP (QP $ 111 million) *U*))))) .)) (TOP (S (ADVP Normally) , (NP-SBJ (NP Sotheby 's)) (VP would (VP have (VP earned (NP (NP (QP 20 %)) (PP of (NP the total))) (PP-LOC in (NP commissions))))) .)) (TOP (S-2 (ADVP Instead) (PRN , (S (NP-SBJ (NP people) (ADJP familiar (PP with (NP the transaction)))) (VP said (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-1 the auction house) (VP opted (S (NP-SBJ *-1) (VP to (VP forgo (NP that percentage)))) (UCP (SBAR-PRD in order (S (NP-SBJ *-1) (VP to (VP obtain (NP the collection))))) and (PP in (NP (NP exchange) (PP for (S-NOM (NP-SBJ *-1) (VP taking (NP (NP a bigger chunk) (PP of (NP (NP proceeds) (VP exceeding (NP (QP $ 100 million) *U*)))))))))))) .)) (TOP (S (NP-SBJ Art dealers) (VP say (SBAR that (S (SBAR while (S (NP-SBJ auction houses) (ADVP-TMP occasionally) (VP guarantee (NP (NP the seller) (PP of (NP (NP a (ADJP highly desirable) work) (PP of (NP art))))) (NP a minimum price)))) , (NP-SBJ (NP a financial commitment) (PP of (NP this size))) (VP is (ADJP-PRD unprecedented))))) .)) (TOP (S (NP-SBJ-1 (NP Diana D. Brooks) , (NP (NP president) (PP of (NP (NP Sotheby 's) North America division))) ,) (VP (ADVP-MNR vehemently) denies (SBAR 0 (S (NP-SBJ it) (VP offered (NP the Dorrance heirs) (NP a money-back guarantee)))) , (S-ADV (NP-SBJ *-1) (VP calling (S (NP-SBJ such reports) `` (ADJP-PRD inaccurate))))) . '')) (TOP (SINV (S-ADV (NP-SBJ-1 *-2) (VP Buried (NP *-1) (PP-LOC-CLR in (NP (NP the glossy hardbound catalog) (PP for (NP the sale)))))) , (ADVP however) , (VP appears) (NP-SBJ-2 (NP the statement) , `` (S (NP-SBJ (NP Sotheby 's)) (VP has (NP (NP an interest) (PP-LOC in (NP (NP the property) (PP-LOC in (NP this catalog)))))))) . '')) (TOP (SINV (VP Explains (SBAR 0 (S *ICH*-2))) (NP-SBJ (NP a Sotheby 's) spokeswoman) , (S-2 (NP-SBJ the statement) `` (VP means (SBAR-NOM (ADVP exactly) (WHNP-1 what) (S (NP-SBJ it) (VP says (NP *T*-1)))))) .)) (TOP (S (NP-SBJ We) (VP have (NP (NP some level) (PP of (NP (NP financial interest) '' (PP-LOC in (NP the collection)))))) .)) (TOP (S `` (NP-SBJ We) (VP do n't (VP disclose (NP specifics))) . '')) (TOP (S (NP-SBJ-1 (NP Frank Mirabello) , (NP (NP a lawyer) (PP for (NP the Dorrance estate)) (PP with (NP (NP the Philadelphia law firm) (PP of (NP Morgan , Lewis & Bockius))))) ,) (VP declines (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the financial arrangements)))))) .)) (TOP (S (S (NP-SBJ-1 Sotheby 's) (VP made (NP the (ADJP (QP $ 100 million) *U*) guarantee) (S-PRP (NP-SBJ *-1) (VP to (VP keep (NP the Dorrance collection) (ADVP-CLR away (PP from (NP (NP its archrival) , (NP auction house (NP Christie 's) International PLC))))))))) ; (S (NP-SBJ Christie 's) (VP has (VP handled (NP smaller sales) (PP-PRP for (NP the Dorrance family)) (PP-TMP over (NP the years))))) .)) (TOP (SINV (S-TPC-1 (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ (NP Christie 's) officials) (VP asked (SBAR (WHADVP-5 why) (S (NP-SBJ-3 the firm) (VP was n't (VP picked (NP-4 *-3) (S-CLR (NP-SBJ *-4) (VP to (VP sell (NP the Dorrance collection)))) (ADVP-PRP *T*-5))))) (ADVP-TMP *T*-2)))) , (NP-SBJ (NP representatives) (PP of (NP the Dorrance family))) `` (VP told (NP us) (SBAR 0 (S (NP-SBJ it) (VP was (NP-PRD (NP a question) (PP of (NP financial considerations)))))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Michael Findlay) , (NP (NP (NP Christie 's) head) (PP of (NP (ADJP impressionist and modern) paintings)))) .)) (TOP (S (S (NP-SBJ (NP Collectors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP made (NP their money) (PP-LOC on (NP Wall Street))))))) (VP have (VP become (NP-PRD (NP an (ADJP increasingly important) part) (PP of (NP the art business)))))) and (S (NP-SBJ-2 their money) (VP has (VP helped (S (NP-SBJ *-2) (VP fuel (NP the art boom)))))) , but (S (ADVP-TMP recently) (NP-SBJ it) (VP appears (SBAR 0 (S (NP-SBJ Sotheby 's) (VP has (VP been (VP returning (NP the compliment)))))))) .)) (TOP (S (PP-TMP In (NP November 1987)) , (NP-SBJ-1 Sotheby 's) (ADVP essentially) (VP offered (NP (NP a (ADJP Wall Street-style) `` bridge loan '') (PP of (NP (QP about $ 27 million) *U*))) (PP-CLR to (NP Australian businessman Alan Bond)) (S-PRP (NP-SBJ *-1) (VP to (VP enable (S (NP-SBJ him) (VP to (VP purchase (NP (NP Vincent van Gogh 's) `` Irises '') (PP-CLR for (NP (QP $ 53.9 million) *U*))))))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP the highest bid) (PP-LOC in (NP history)) (PP for (NP (NP a work) (PP of (NP art)))))) .)) (TOP (S But (ADVP-TMP (NP two weeks) ago) , (NP-SBJ Sotheby 's) (VP said (SBAR that (S (NP-SBJ it) (VP has (NP the painting) (PP-LOC-CLR under (NP lock and key)) (SBAR-PRP because (S (NP-SBJ-1 the loan) (VP had not (VP been (VP (ADVP fully) repaid (NP *-1)))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ Sotheby 's) (VP is (VP offering (NP such deals) (SBAR-PRP because (S (NP-SBJ it) (VP 's (NP-PRD (NP an art sellers ') market) , (SBAR-LOC (ADVP at least) (WHADVP-3 where) (S (NP-SBJ-1 the best works) (VP are (VP concerned (NP *-1) (ADVP-LOC *T*-3))))))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Ralph Lerner) , (NP (NP an attorney and author) (PP of (NP (NP the book) `` (NP-TTL Art Law))))) . '')) (TOP (S `` (S (NP-SBJ-1 There) (VP seems (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a lot) (PP of (NP art))) (PP-CLR for (NP sale))))))) , but (S (NP-SBJ there) (VP 's (NP-PRD more competition))) .)) (TOP (S (S-TPC-1 (NP-SBJ The competition) (VP gives (NP the seller) (NP the ability (S (NP-SBJ *) (VP to (VP cut (NP a better deal))))))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ The Dorrance family) (VP will (ADVP-TMP still) (VP receive (NP (NP a substantial portion) (PP of (NP (NP the auction proceeds) (PP above (NP (QP $ 100 million) *U*)))))))) , (NP-SBJ (NP people) (ADJP familiar (PP with (NP the transaction)))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD likely) (SBAR-1 that (S (NP-SBJ Sotheby 's) (VP will (VP take (NP (NP a (ADJP (ADJP higher) (PP than (NP usual))) commission) , (VP called (S (NP-SBJ *) (NP-PRD an override))) ,) (PP on (NP (NP the amount) (VP exceeding (NP the guarantee))))))))) .)) (TOP (S (NP-SBJ Sotheby 's) (VP has (VP been (VP (ADVP-MNR aggressively) promoting (NP the Dorrance sale)))) .)) (TOP (S (PP-LOC At (NP (NP a news conference) (NP-TMP last May) (VP announcing (NP (NP plans) (PP for (NP the auction)))))) , (NP-SBJ Sotheby 's) (VP estimated (NP its value) (PP-CLR in (NP (NP excess) (PP of (NP (QP $ 100 million) *U*))))) .)) (TOP (S (ADVP-TMP More recently) , (NP-SBJ Sotheby 's) (VP has (VP predicted (SBAR 0 (S (NP-SBJ the collection) (VP will (VP fetch (NP (QP $ 140 million) *U*))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP the highest estimate) (PP for (NP a single collection)) (PP-LOC in (NP auction history)))) .)) (TOP (S (NP-SBJ The decision (S (NP-SBJ *) (VP to (VP put (NP the entire collection) (PP-PUT on (NP the block)))))) (VP stunned (NP many) , (SBAR-PRP since (S (S (NP-SBJ Mr. Dorrance) (VP had (VP served (PP-CLR as (NP (NP chairman) (PP of (NP (NP the Philadelphia Museum) (PP of (NP Art))))))))) , and (S (NP-SBJ-1 (NP it) (SBAR *EXP*-3)) (VP had (VP been (VP assumed (NP *-1) (SBAR-3 0 (S (NP-SBJ-2 (NP many) (PP of (NP the works))) (VP would (VP be (VP donated (NP *-2) (PP-CLR to (NP the institution)))))))))))))) .)) (TOP (S (PP-LOC At (NP (NP last night 's) sale)) , (NP-SBJ-1 (NP (QP 13 of 44) works) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP sold)))) (VP were (VP purchased (NP *-1) (PP by (NP-LGS (NP Aska International Gallery) , (NP (NP the art-acquisition unit) (PP of (NP (NP Aichi Financial) , (NP (NP a Japanese conglomerate) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP owns (NP (NP 7.5 %) (PP of (NP Christie 's)))))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP Sotheby 's) guarantee) (VP is (VP raising (NP eyebrows) (PP-LOC in (NP the art world)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 The consumer) (VP has (S (NP-SBJ *-1) (VP to (VP throw (ADVP-CLR out) (NP the idea (SBAR that (S (NP-SBJ the auction house) (VP is (NP-PRD a disinterested middleman)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ New York art dealer David Tunick) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ he) (VP adds (SBAR that (S (NP-SBJ he) (VP has (NP (NP no problem) (PP with (NP (NP auction houses) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sell (NP (NP works) (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ they) (VP have (NP (NP a financial interest) (PP-LOC *T*-3)))))))))))))))))) , `` (NP-SBJ-2 It) (VP ought (S (NP-SBJ-4 *-2) not (VP to (VP be (VP hidden (NP *-4) (PP-LOC-CLR in (NP some small print))))))) . '')) (TOP (S (PP-LOC In (NP such situations)) (PRN , (S (NP-SBJ he) (VP says)) ,) (NP-SBJ-1 the house) `` (VP is (VP going (S (NP-SBJ *-1) (VP to (VP put (NP the best light) (PP-PUT on (NP things))))))) . '')) (TOP (S (S-TPC-3 (PP For (NP example)) , (NP-SBJ-1 (NP (NP an auction house 's) comments) (PP on (NP (NP the condition) (PP of (NP (NP a work) (PP of (NP art)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP is (ADVP-PRD up (PP for (NP sale))))))))))) (VP should (VP be (VP looked (PP-CLR at (NP *-1)) (PP with `` (NP (ADJP very open) eyes)))))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-3))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD (NP more and more) (PP of (NP this cash-up-front))) (VP going (ADVP-CLR on) (PP-LOC at (NP every level))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Bruce Miller) , (NP (NP president) (PP of (NP (NP Art Funding Corp.) , (NP an art lender))))) .)) (TOP (S (S (NP-SBJ (NP Dealers) and (NP auction houses)) `` (VP know (SBAR 0 (S (SBAR-ADV if (S (NP-SBJ they) (VP do n't (VP lay (PRT out) (NP (QP a half) a million) (PP-PRP for (NP this)))))) , (NP-SBJ another one) (VP will (VP *?*)))))) ; (S (NP-SBJ it) (VP 's (ADJP-PRD that competitive))) . '')) (TOP (S (PP-TMP In (NP January)) , (NP-SBJ (NP two small New York galleries) , (NP (NP the Coe Kerr Gallery) and (NP Beadleston Fine Arts)) ,) (VP snatched (NP (NP a major art collection) (VP owned (NP *) (PP by (NP-LGS the Askin family)))) (ADVP-CLR away (PP from (NP rival auction-house bidders))) (PP with (NP (NP an up-front payment) (PP of (NP (QP about $ 25 million) *U*))))) .)) (TOP (S (NP-SBJ (NP A Christie 's) spokeswoman) (VP said (SBAR that (S (SBAR-ADV while (S (NP-SBJ-1 the auction house) (ADVP-TMP sometimes) (VP waives (NP (NP its seller 's) commission) (S-PRP (NP-SBJ *-1) (VP to (VP attract (NP art works)))) (PRN -- (S (NP-SBJ it) (ADVP still) (VP gets (NP a commission) (PP-DIR from (NP the buyer)))) --)))) (NP-SBJ Christie 's) (VP wo n't (VP offer (NP financial guarantees) (SBAR-PRP because `` (S (NP-SBJ Christie 's) (VP believes (SBAR 0 (S (NP-SBJ its primary role) (VP is (PP-PRD (PP as (NP an auction house)) , and (ADVP therefore) (PP as (NP (NP an agent) (PRN -LCB- (PP for (NP buyer and seller)) -RCB-))) , not (PP as (NP a bank)))))))))))))) .)) (TOP (S (NP-SBJ (NP Egon Krenz) , (NP (NP the man) (VP tapped (NP-2 *) (NP-TMP yesterday) (S-CLR (NP-SBJ *-2) (VP to (VP become (NP-PRD (NP East Germany 's) new leader)))))) ,) (VP faces (NP (NP (NP the same task) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP fallen (PP-CLR to (NP neighboring socialist colleagues))))))) : (S-NOM (NP-SBJ *) (VP reforming (NP (NP a country) (PP-LOC in (NP crisis))))))) .)) (TOP (S But (PP unlike (NP (NP the other new leaders) (PP-LOC in (NP the East Bloc)))) , (NP-SBJ Mr. Krenz) (VP will (VP face (NP (NP (NP an immediate threat) (PP to (NP (NP his nation 's) very existence))) : (NP German reunification)))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Krenz) , (NP age 52) ,) (VP is (VP known (NP *-1) (PP-CLR as (NP (NP an old-guard ironfist) , (NP (NP one) (ADJP likely (S (NP-SBJ *) (VP to (VP continue (NP (NP the method) (PP of (S-NOM (NP-SBJ *) (VP running (NP a country)))) (SBAR (WHNP-2 that) (S (NP-SBJ the Berlin Wall) (VP made (S (NP-SBJ *T*-2) (ADJP-PRD famous))))))))))))))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ-1 he) (VP were (S (NP-SBJ *-1) (VP to (VP (VP change (NP his stripes)) and (VP become (NP-PRD another Milton Friedman)))))))) , (ADVP however) , (NP-SBJ-2 he) (VP would (ADVP still) (VP stand (NP (NP a good chance) (PP of (S-NOM (NP-SBJ *-2) (VP losing (NP a country))))))) .)) (TOP (S (NP-SBJ Mr. Krenz) (ADVP almost certainly) (VP will (VP be (NP-PRD (NP a younger version) (PP of (NP (NP Erich Honecker) , (NP (NP his rigid predecessor) (PP as (NP dictator)))))))) .)) (TOP (S (S (NP-SBJ Mr. Krenz) (VP has (VP followed (NP (NP much the same career path) (PP as (NP Mr. Honecker)))))) : (S (NP-SBJ-2 Both) (VP spent (NP years) (S-CLR (NP-SBJ *-2) (VP overseeing (NP (NP the Freie Deutsche Jugend) , (NP (NP the youth group) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP (NP the communist regime 's) principal tool) (PP for (S-NOM (NP-SBJ *) (VP stamping (NP young Germans) (PP-CLR into (NP socialist citizens))))))))))))))) .)) (TOP (S (ADVP-TMP More recently) , (NP-SBJ Mr. Krenz) (VP (VP has (VP been (PP-PRD in (NP (NP charge) (PP of (NP East German security)))))) , and (VP is (NP-PRD (NP the youngest member) (PP of (NP the ruling Politburo))))) .)) (TOP (S (S-ADV (NP-SBJ-3 *-1) (VP Faced (NP *-3) (PP-CLR with (NP another Mr. Honecker)))) , (NP-SBJ-1 (NP (ADJP so many) despairing East Germans) (SBAR *ICH*-2)) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP flee)))) (SBAR-2 that (S (NP-SBJ the two German peoples) (VP will (VP get (NP their reunification) , (ADVP de facto) , (PP-LOC on (NP West German ground))))))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ (NP East Germany 's) arthritic Politburo) (VP does (VP loosen (PRT up) (ADVP enough (S (NP-SBJ *) (VP to (VP permit (S (NP-SBJ Mr. Krenz) (VP to (VP make (NP (NP serious efforts) (PP at (NP reform)))))))))))))) , (NP-SBJ he) (VP will (VP face (NP (NP a challenge) (ADJP just as fundamental)))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Abandoning (NP socialism))) (VP means (S (NP-SBJ *) (VP abandoning (NP (NP (NP (NP the East German state 's) reason) (PP for (NP existence))) , and (PP with (NP it)) (NP (NP the justification) (PP for (NP (NP its watchdogs) and (NP its Wall)))))))) .)) (TOP (S (PP-LOC In (NP this scenario)) (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (ADJP-PRD hard) (S-2 (NP-SBJ *) (VP to (VP imagine (SBAR that (S (NP-SBJ-1 (NP a pale imitation) (PP of (NP the Federal Republic))) (VP could (VP avoid (S (NP-SBJ-3 *-1) (VP being (VP pulled (NP *-3) (PP-DIR into (NP (NP (NP some kind) (PP of (NP tie))) -- (ADJP economic , federal or stronger) -- (PP with (NP West Germany))))))))))))))) .)) (TOP (S (NP-SBJ-2 Mr. Krenz) (VP may (VP need (NP (NP a bit) (PP of (NP time))) (S-CLR (NP-SBJ *-2) (VP to (VP consolidate (NP his empire) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP do (NP (NP a lot) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP promote (NP Reunification Scenario One))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Cartoonists) (PP-LOC in (NP West Germany))) (VP have (ADVP-TMP already) (VP mocked (NP the exodus) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP imagining (NP (NP an advertisement) (VP placed (NP *) (PP by (NP-LGS Mr. Honecker))) : `` (SINV (VP Wanted (NP *-2)) : (NP-SBJ-2 one people)))))))) . '')) (TOP (S (NP-SBJ-1 (NP The (ADJP West German) embassies) (PP in (NP Prague , Budapest and Warsaw))) (VP are (VP continuing (S (NP-SBJ *-1) (VP to (VP find (NP refugees) (PP-LOC-CLR at (NP their gates))))))) .)) (TOP (S (PP Of (NP course)) (NP-SBJ-1 East Germany) , (S-ADV (NP-SBJ *-1) (ADJP-PRD true (PP to (NP its tradition)))) , (VP could (VP tighten (NP its borders) (ADVP yet further))) .)) (TOP (S (NP-SBJ (NP Two) (PP of (NP (NP the last gestures) (PP of (NP the Honecker regime))))) (VP were (S-PRD (NP-SBJ *) (VP to (VP (VP close (NP (NP the border) (PP to (NP Czechoslovakia)))) and (VP install (NP halogen lights) (PP-LOC in (NP (NP some spots) (PP-LOC along (NP the frontier))))))))) .)) (TOP (S But (PP with (NP (NP world-wide opinion) (PRN -- (PP-LOC (ADVP even) , (ADVP apparently) in (NP Moscow)) --) (PP against (NP East Germany)))) , (NP-SBJ-1 the country) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP turn (NP itself) (PP-CLR into (NP an Albania))))) (S-PRP (NP-SBJ *-1) (VP to (VP clamp (PRT down) (ADVP further) (PP-CLR on (NP refugees))))))) .)) (TOP (S (NP-SBJ There) (VP have (VP been (NP-PRD (NP some reports (SBAR that (S (NP-SBJ-2 Mr. Krenz) (VP is (VP moving (S (NP-SBJ *-2) (VP to (VP `` soften '' (NP his reputation))))))))) , notably (NP rumors (SBAR that (S-CLF (NP-SBJ it) (VP was (NP-PRD he) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP kept (NP (NP East Germany 's) state police) (PP-CLR off (NP (NP protesters ') backs)) (PP-LOC at (NP (NP the country 's) dismal 40th anniversary celebrations)) (NP-TMP earlier this month))))))))))) .)) (TOP (S But (SBAR-ADV even if (S (NP-SBJ he) (VP effects (NP a Hyde-to-Jekyll transformation)))) , (NP-SBJ he) (VP will (VP face (NP (NP a serious ideological crisis) and (NP Reunification Scenario Two)))) .)) (TOP (S (NP-SBJ The problem) (VP is (NP-PRD (NP (NP one) (SBAR (WHNP-1 that) (S (NP-SBJ East Germany) (VP shares (NP *T*-1) (PP-CLR with (NP (NP other half-states) , (PP such as (NP North Korea)))))))) , but (NP (NP one) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP must (VP shoulder (NP *T*-2) (ADVP alone) (PP-LOC in (NP the East Bloc))))))))) .)) (TOP (S (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ-2 Poland) (VP moves (S (NP-SBJ *-2) (VP to (VP reform))) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP can (ADVP at least) (VP lean (PP-CLR on (NP its past))))) : (S (SBAR-ADV (WHADJP-3 However flawed and short-lived) (S (NP-SBJ (NP Joseph Pilsudski 's) interwar republic) (ADJP-PRD *T*-3))) , (NP-SBJ it) (VP was (NP-PRD a nonsocialist democracy))) .)) (TOP (S (NP-SBJ Czech reformers) (VP can (VP recall (NP (NP the Wilsonian ideals) (PP of (NP (NP the same period) (PP-LOC in (NP their country))))))) .)) (TOP (S (NP-SBJ Even the Soviet Union) (VP has (NP (NP Peter the Great) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP rediscover (NP *T*-1) , (SBAR-ADV (SINV should (NP-SBJ-2 it) (VP choose (S (NP-SBJ *-2) (VP to (VP *?*)))))))))))) .)) (TOP (S But (NP-SBJ East Germany) (VP is (ADVP merely) `` (NP-PRD (NP the land) (PP of (NP (ADJP truly existing) socialism)))) . '')) (TOP (S (PP Beyond (NP that)) , (NP-SBJ-1 it) (VP has (S (NP-SBJ *-1) (VP to (VP compete (PP-CLR with (NP West Germany)) (PP-PRP for (NP (NP a claim) (PP to (NP the German identity)))))))) .)) (TOP (S (PP-TMP Up (PP to (NP now))) , (NP-SBJ (NP the main weapon) (PP of (NP the `` worker and peasant state ''))) (VP has (VP been (NP-PRD (NP the ideology) (PP of (NP socialism))))) .)) (TOP (S (PP With (NP (NP talk) (NP-TMP today) (PP of (NP (NP a second economic miracle) (PP-LOC in (NP West Germany)))))) , (NP-SBJ-1 East Germany) (ADVP-TMP no longer) (VP can (VP content (NP itself) (PP-CLR with (S-NOM (NP-SBJ *-1) (VP being (NP-PRD (NP the economic star) (PP-LOC in (NP a loser league)))))))) .)) (TOP (S (PP Without (NP (NP (NP Moscow 's) military and party) (PP-LOC behind (NP it)))) , (NP-SBJ East Germany) (VP runs (NP (NP the risk) (PP of (NP disintegrating)))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ it) (VP (VP goes (ADJP-PRD capitalist)) , and (VP increases (NP (NP trade) (PP with (NP West Germany))))))) , (NP-SBJ it) (VP will (VP convert (NP itself) , (ADVP-MNR willy-nilly) , (PP-CLR into (NP (NP an economic annex) (PP of (NP the Federal Republic)))))) .)) (TOP (S (S (NP-SBJ There) (VP 's (NP-PRD a certain cruel logic) (PP-CLR at (NP work)) (ADVP-LOC here))) : (S (NP-SBJ (NP It) (SBAR *EXP*-3)) (VP 's (ADJP-PRD particularly appropriate -- and tragic --) (SBAR-3 that (S (NP-SBJ (NP the land) (SBAR (WHNP-4 that) (S (NP-SBJ *T*-4) (VP produced (NP Karl Marx))))) (VP should (VP prove (NP-PRD (NP socialism 's) failure) (PP-LOC in (NP (NP an experiment) (SBAR (WHNP-5 that) (S (NP-SBJ *T*-5) (VP uses (NP its own people) (PP-CLR as (NP controls))))))))))))) .)) (TOP (S (NP-SBJ There) (VP may (VP be (NP-PRD (NP forces) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP delay (NP this scenario)))))))) .)) (TOP (S (S (NP-SBJ Ideologues) (VP are (NP-PRD (NP the last) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP surrender))))))) , and (S (NP-SBJ Germans) (VP are (NP-PRD an ideological people))) .)) (TOP (S (S (NP-SBJ (NP The protesters) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP greeted (NP Mikhail Gorbachev) (PP-LOC at (NP (NP East Berlin 's) airport)) (NP-TMP earlier this month))))) (VP were n't (VP shouting `` (SINV (VP Go) (NP-SBJ U.S.A)) ''))) -- (S (NP-SBJ they) (VP were (VP chanting `` (S (NP-VOC Gorby) , (NP-SBJ *) (VP Help (NP Us)))))) . '')) (TOP (S (NP-SBJ (NP Ideologues) (PP-LOC on (NP (NP the other side) (PP of (NP the border))))) (VP can (ADVP also) (VP slow (NP the process))) .)) (TOP (S (NP-SBJ-1 (NP Helmut Kohl 's) governing conservative coalition) (VP is (VP proving (ADJP-PRD admirably true (PP to (NP the West German constitution))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP making (S (NP-SBJ (NP (QP more than 500,000) people) (PP of (NP German descent))) (NP-PRD automatic citizens)) (NP-TMP (NP this year) (ADVP alone))))))) .)) (TOP (S But (PP-LOC (PP within (NP the government)) and (PP in (NP (NP the think tanks) (PP-LOC outside (NP it))))) , (NP-SBJ many West Germans) (VP maintain (SBAR that (S (NP-SBJ they) (VP do n't (VP want (NP immediate reunification)))))) .)) (TOP (S (ADVP Politically) , (NP-SBJ this) (ADVP-TMP currently) (VP is (NP-PRD wisdom) -- (PP (ADVP particularly) given (NP a nervous neighboring France))) .)) (TOP (S But (NP-SBJ it) (VP would (VP be (ADJP-PRD ironic) (SBAR-ADV if (S (NP-SBJ (NP Germany 's) reunification) , (PP (ADVP just) like (NP its division)) , (ADVP-TMP eventually) (VP were (NP-PRD (NP the result) (PP of (NP (NP actions) (PP-LOC in (NP (NP centers) (PP of (NP power)) (ADVP other (PP than (NP Bonn and Berlin))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a statement) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD (ADJP as close (PP *ICH*-2)) (SBAR as (S (NP-SBJ East Germany) (VP gets (ADJP-PRD *?*)))) (PP-2 to (S-NOM (NP-SBJ *) (VP practicing `` (NP glasnost) ''))))))))) , (NP-SBJ (NP Otto Reinhold) , (NP an (ADJP East German) party theorist) ,) (ADVP actually) (VP acknowledged (NP the reunification dilemma)) .)) (TOP (S-1 `` (NP-SBJ The main problem) (PRN , '' (S (NP-SBJ Mr. Reinhold) (VP said (SBAR 0 (S *T*-1)) (PP-LOC in (NP (NP an (ADJP East German) radio interview) (VP monitored (NP *) (PP by (NP-LGS (NP Radio Free Europe) (PP-LOC in (NP Munich))))))))) ,) (VP stems (PP-CLR from (NP the fact (SBAR that `` (S (NP-SBJ the GDR) (VP is (ADJP-PRD different '' (PP from (NP other (ADJP East European) states))))))))) .)) (TOP (SBARQ-2 `` (WHNP-1 (WHNP What kind) (PP of (NP right (S (NP-SBJ *) (VP to (VP exist)))))) (PRN , '' (S (NP-SBJ he) (VP asked (SBARQ *T*-2))) ,) `` (SQ would (NP-SBJ a capitalist German Democratic Republic) (VP have (NP *T*-1) (PP-LOC alongside (NP a capitalist Federal Republic)))) ? '')) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP a question) (SBAR (WHNP-2 0) (S (NP-SBJ East Germany) (VP ca n't (VP answer (NP *T*-2) (ADVP-MNR easily) , (ADVP no matter (SBAR (WHNP-1 what) (S (NP-SBJ its new leader) (VP does (NP *T*-1))))))))))) .)) (TOP (S (NP-SBJ Miss Shlaes) (VP is (NP-PRD (NP editorial features editor) (PP of (NP The Wall Street Journal/Europe)))) .)) (TOP (S (NP-SBJ INSURERS) (VP ARE (VP FACING (NP (NP billions) (PP of (NP dollars)) (PP-LOC in (NP (NP damage claims) (PP from (NP the California quake))))))) .)) (TOP (S But (NP-SBJ-1 (NP most businesses) (PP-LOC in (NP (NP the Bay area) , (PP including (NP Silicon Valley)) ,))) (VP were n't (VP (ADVP-MNR greatly) affected (NP *-1))) .)) (TOP (S (NP-SBJ (NP Computer and software companies) (PP-LOC in (NP the region))) (VP are (VP expecting (NP (NP (ADJP virtually no) long-term disruption) (PP-LOC in (NP shipments))))) .)) (TOP (S (ADVP Also) , (NP-SBJ investors) (VP (ADVP-MNR quickly) singled (PRT out) (NP (NP stocks) (PP of (NP (NP companies) (VP expected (S (NP-SBJ *) (VP to (VP profit or suffer (PP-CLR from (NP the disaster)))))))))) .)) (TOP (S (NP-SBJ-1 Leveraged buy-outs) (VP may (VP be (VP curbed (NP *-1) (PP-LGS by (NP (NP two rules) (PP-LOC in (NP pending congressional legislation))))))) .)) (TOP (S (NP-SBJ (NP The provisions) , (PP-LOC in (NP (NP deficit-reduction bills) (VP (ADVP-TMP recently) passed (NP *) (PP by (NP-LGS the House and Senate))))) ,) (VP could (VP (VP raise (NP (NP the price tags) (PP of (NP such deals))) (PP-EXT by (NP (QP up to 10) %))) and (VP cool (NP the takeover boom)))) .)) (TOP (S (NP-SBJ (NP A bill) (VP giving (NP the Transportation Department) (NP the power (S (NP-SBJ *) (VP to (VP block (NP airline leveraged buy-outs))))))) (VP cleared (NP a House panel)) .)) (TOP (S But (NP-SBJ Secretary Skinner) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP urge (NP-1 Bush) (S (NP-SBJ *-1) (VP to (VP veto (NP the bill))))))))) .)) (TOP (S (NP-SBJ Housing starts) (VP sank (NP-EXT 5.2 %) (PP-TMP in (NP September)) (PP-DIR to (NP a seven-year low))) .)) (TOP (S (NP-SBJ The drop) , (PP-TMP following (NP (NP a (ADJP 6.2 %) decline) (PP-TMP in (NP August)))) , (VP indicates (SBAR 0 (S (NP-SBJ-1 the industry) (VP is (ADVP-TMP still) (VP being (VP hurt (NP *-1) (PP by (NP-LGS (NP the Fed 's) anti-inflation battle)))))))) .)) (TOP (S (NP-SBJ-1 IBM) (VP plans (S (NP-SBJ *-1) (VP to (VP buy (PRT back) (NP (NP (QP $ 1 billion) *U*) (PP of (NP its common shares))) , (NP-ADV (NP a move) (ADJP likely (S (NP-SBJ *) (VP to (VP help (NP (NP the computer giant 's) battered stock)))))))))) .)) (TOP (S (NP-SBJ-1 (NP The buy-back) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP was n't (NP-PRD a complete surprise)))) ,) (VP was (VP announced (NP *-1) (SBAR-TMP after (S (NP-SBJ the stock market) (VP had (VP closed)))))) .)) (TOP (S (NP-SBJ-1 A capital-gains tax cut plan) (VP has (VP been (VP worked (NP *-1) (PRT out) (PP by (NP-LGS Senate Republicans))))) .)) (TOP (S (NP-SBJ-1 A similar proposal) (VP may (VP be (VP introduced (NP *-1) (ADVP-TMP soon) (PP by (NP-LGS Senate Democrats))))) .)) (TOP (S (NP-SBJ British Airways) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP seeking (NP (NP improved terms) and (NP a (ADJP sharply lower) price)) (PP-LOC in (NP (NP any revised bid) (PP for (NP (NP United Air 's) parent))))))))) .)) (TOP (S (NP-SBJ The British carrier) (ADVP also) (VP confirmed (SBAR 0 (S (NP-SBJ it) (VP is n't (ADJP-PRD committed (PP to (S-NOM (NP-SBJ *) (VP going (ADVP-DIR forward) (PP-CLR with (NP any new bid)))))))))) .)) (TOP (S (NP-SBJ (NP UAL 's) stock) (VP fell (NP-EXT $ 6.25 *U*) , (PP-DIR to (NP $ 191.75 *U*))) .)) (TOP (S (NP-SBJ Stock prices) (VP rose (ADVP-CLR slightly) (SBAR-TMP as (S (NP-SBJ trading) (VP slowed))) , (SBAR-ADV while (S (NP-SBJ-1 bonds) (VP ended (S-CLR (NP-SBJ *-1) (ADJP-PRD little changed)) (PP despite (NP a slumping dollar)))))) .)) (TOP (S (NP-SBJ The Dow Jones industrials) (VP gained (NP 4.92) , (PP-DIR to (NP 2643.65))) .)) (TOP (S But (NP-SBJ investors) (VP remain (ADJP-PRD wary (PP about (NP stocks))) , (PP-PRP (ADVP partly) because of (NP (NP turmoil) (PP-LOC in (NP the junk-bond market))))) .)) (TOP (S (NP-SBJ B.A.T Industries) (VP may (VP delay (NP (NP part) (PP of (NP its defensive restructuring plan)) , (PP including (NP (NP the sale) (PP of (NP its Saks Fifth Avenue and Marshall Field units))))))) .)) (TOP (S (NP-SBJ The British conglomerate) (VP cited (NP (NP the recent turmoil) (PP-LOC in (NP financial markets)))) .)) (TOP (S (NP-SBJ WCRS Group) (VP announced (NP (NP a major restructuring) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (ADVP largely) removes (NP it) (PP-DIR from (NP the advertising business))))))) .)) (TOP (S (NP-SBJ The London-based concern) (VP will (VP sell (NP (NP most) (PP of (NP its ad unit))) (PP-DTV to (NP (NP France 's) Eurocom)))) .)) (TOP (S (NP-SBJ-1 Commodore International) (VP expects (S (NP-SBJ *-1) (VP to (VP post (NP its second consecutive quarterly loss) (PP-PRP because of (NP (NP weak personal computer sales) (PP-LOC in (NP some markets)))))))) .)) (TOP (S (NP-SBJ-2 Jaguar) (VP hopes (S (NP-SBJ *-2) (VP to (VP reach (NP (NP a friendly accord) (PP with (NP General Motors)) (SBAR *ICH*-1)) (PP-TMP within (NP a month)) (SBAR-1 (WHNP-3 that) (S (NP-SBJ-4 *T*-3) (VP may (VP involve (S (NP-SBJ *-4) (VP producing (NP a cheaper executive model))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ-2 Sears) (VP is (VP negotiating (S-PRP (NP-SBJ *-2) (VP to (VP refinance (NP its Sears Tower) (PP-CLR for (NP (QP close to $ 850 million) *U*)))))))) , (NP-SBJ sources) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 The retailer) (VP was (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP find (NP (NP a buyer) (PP for (NP the building)))))))) .)) (TOP (S (NP-SBJ-1 (NP Whitbread) (PP of (NP Britain))) (VP put (NP its spirits division) (ADVP-CLR up (PP for (NP sale))) , (S-ADV (NP-SBJ *-1) (VP setting (PRT off) (NP (NP a scramble) (PP-LOC among (NP distillers)))))) .)) (TOP (S (NP-SBJ The business) (VP includes (NP Beefeater gin)) .)) (TOP (NP-HLN Markets --)) (TOP (NP (NP Stocks) : (NP (NP Volume) (NP 166,900,000 shares)) .)) (TOP (NP (NP (NP Dow Jones industrials) (NP 2643.65) , (ADVP up (NP 4.92))) ; (NP (NP transportation) (NP 1247.87) , (ADVP off (NP 6.40))) ; (NP (NP utilities) (NP 213.97) , (ADVP off (NP 0.57))) .)) (TOP (NP (NP Bonds) : (NP (NP Shearson Lehman Hutton Treasury index) (NP 3371.36) , (ADVP off)))) (TOP (NP (NP Commodities) : (NP (NP (NP Dow Jones futures index) (NP 129.90) , (ADVP up (NP 0.18))) ; (NP (NP spot index) (NP 130.36) , (ADVP up (NP 0.39)))) .)) (TOP (NP (NP Dollar) : (NP (NP (NP 141.45 yen) , (ADVP off (NP 1.30))) ; (NP (NP 1.8485 marks) , (ADVP off (NP 0.0182)))) .)) (TOP (S (NP-SBJ-1 The dollar) (VP finished (ADVP-CLR softer) (NP-TMP yesterday) , (S-ADV (NP-SBJ-2 *-1) (VP tilted (NP *-2) (ADVP-CLR lower) (PP by (NP-LGS (NP continued concern) (PP about (NP the stock market))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're (VP trading (PP with (NP (NP a (ADJP very wary) eye) (PP-LOC on (NP Wall Street))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Trevor Woodland) , (NP (NP chief corporate trader) (PP-LOC at (NP (NP Harris Trust & Savings Bank) (PP-LOC in (NP New York)))))) .)) (TOP (S `` (NP-SBJ-1 No one) (VP is (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP place (NP a firm bet (SBAR that (S (NP-SBJ the stock market) (VP wo n't (VP take (NP another tumultuous ride))))))))))) . '')) (TOP (S (S (NP-SBJ (NP News) (PP of (NP (NP the major earthquake) (PP-LOC in (NP California)) (NP-TMP Tuesday)))) (VP triggered (NP (NP a round) (PP of (NP dollar sales)) (PP-LOC in (NP early Asian trade))))) , but (S (NP-SBJ most foreign-exchange dealers) (VP said (SBAR 0 (S (NP-SBJ they) (VP expect (S (NP-SBJ (NP the impact) (PP of (NP the quake)) (PP-LOC on (NP financial markets))) (VP to (VP be (ADJP-PRD short-lived))))))))) .)) (TOP (S (PP Despite (NP (NP the dollar 's) lackluster performance)) , (NP-SBJ some foreign-exchange traders) (VP maintain (SBAR that (S (NP-SBJ the U.S. unit) (VP remains (ADJP-PRD (ADVP relatively well) bid))))) .)) (TOP (S (NP-SBJ (NP Harris Trust 's) Mr. Woodland) (VP noted (SBAR that (S (NP-SBJ-1 the unit) (VP continues (S (NP-SBJ *-1) (VP to (VP show (NP resilience) (PP-LOC in (NP (NP the face) (PP of (NP (NP a barrage) (PP of `` (NP headline negatives) '') (PP-TMP in (NP recent weeks)) , (PP including (NP (NP (NP rate increases) (PP-LOC in (NP Europe and Japan))) , (NP aggressive central bank intervention) , (NP (NP a 190-point plunge) (PP-LOC in (NP New York stock prices))) , (NP an (ADJP unexpectedly poor) U.S. trade report) and (NP (NP action (S *ICH*-2)) (PP by (NP the Federal Reserve)) (S-2 (NP-SBJ *) (VP to (VP nudge (NP U.S. rates) (ADVP-CLR lower)))))))))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Mr. Woodland) (VP does n't (VP predict (NP a significant climb) (PP-CLR for (NP the U.S. unit)) (PP in (NP (NP light) (PP of (NP (NP recent moves) (PP-LOC in (NP interest rates)) (PP-LOC around (NP the world)))))))))) , (NP-SBJ he) (VP noted (SBAR that `` (S (NP-SBJ its downside potential) (VP is (ADJP-PRD (ADVP surprisingly and (PRN -- (PP for (NP dollar bulls)) --) `` impressively '') limited))))) .)) (TOP (S (PP-LOC In (NP late New York trading)) (NP-TMP yesterday) , (NP-SBJ-1 the dollar) (VP was (VP (VP quoted (NP *-1) (PP-CLR-2 at (NP 1.8485 marks)) , (ADVP-3 down (PP from (NP 1.8667 marks) (NP-TMP late Tuesday)))) , and (VP (PP-CLR=2 at (NP 141.45 yen)) , (ADVP=3 down (PP from (NP 142.75 yen) (NP-TMP late Tuesday)))))) .)) (TOP (S (NP-SBJ-1 Sterling) (VP was (VP quoted (NP *-1) (PP-CLR at (NP $ 1.5920 *U*)) , (ADVP up (PP from (NP $ 1.5753 *U*) (NP-TMP late Tuesday))))) .)) (TOP (S (PP-LOC In (NP Tokyo)) (NP-TMP Thursday) , (NP-SBJ the U.S. currency) (VP opened (PP-PRP for (NP trading)) (PP-CLR at (NP 140.97 yen)) , (ADVP down (PP from (NP (NP (NP Wednesday 's) Tokyo close) (PP of (NP 142.10 yen)))))) .)) (TOP (S (PP-TMP Since (NP (NP (NP Friday 's) dive) (PP-LOC in (NP stock market prices)))) , (NP-SBJ the Fed) (VP has (VP injected (NP reserves) (PP-DIR into (NP the banking system)) (PP-LOC in (NP an effort (S (NP-SBJ *) (VP to (VP (VP calm (NP the markets)) and (VP avert (NP (NP a repeat) (PP of (NP (NP 1987 's) stock market debacle))))))))))) .)) (TOP (S (NP-SBJ Some analysts) (VP note (SBAR that (S (PP-TMP after (NP (NP (NP last week 's) stock market tailspin) and (NP (NP Tuesday 's) California earthquake))) , (NP-SBJ (NP it) (S *EXP*-3)) (VP 's (ADJP-PRD hard) (S-3 (NP-SBJ *) (VP to (VP gauge (SBAR (WHADVP-1 where) (S (NP-SBJ the central bank) (VP wants (S (NP-SBJ the key federal funds rate) (ADVP-LOC-PRD *T*-1)))))))))))) .)) (TOP (S (NP-SBJ They) (VP say (SBAR that (S (NP-SBJ-1 the earthquake) , (PP-MNR by (S-NOM (NP-SBJ *-1) (VP preventing (NP-2 many banks) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP operating (PP at (NP full capacity)))))))) , (VP has (VP given (NP the Fed) (NP (NP an additional reason) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP keep (NP liquidity) (PP-LOC-CLR at (NP a high level)) (ADVP-PRP *T*-3))))))))))) .)) (TOP (S (NP-SBJ The Fed) (VP did , (PP in (NP fact)) , (VP execute (NP (NP (NP (QP $ 1.5 billion) *U*) (PP of (NP liquidity-enhancing customer repurchase agreements))) , (NP (NP the third set) (PP of (NP repurchase orders)) (PP-TMP in (NP three days)))))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ-1 the additional liquidity) (VP should (VP tend (S (NP-SBJ *-1) (VP to (VP reduce (NP the federal funds rate))))))))) .)) (TOP (S (PP-TMP For (NP now)) , (NP-SBJ traders) (VP say (SBAR 0 (S (NP-SBJ the foreign exchange market) (VP is (VP scrutinizing (NP both (NP federal funds) and (NP (NP events) (PP-LOC on (NP Wall Street))))))))) .)) (TOP (S (NP-SBJ They) (VP note (SBAR that (S (NP-SBJ the dollar) (VP remains (ADJP-PRD extremely vulnerable (PP to (NP (NP the slightest bad news) (PP from (NP the stock exchange))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ the U.S. unit) (VP edged (ADVP-DIR lower) (SBAR-TMP as (S (NP-SBJ the Dow Jones Industrial Average) (VP dropped (NP-EXT (QP about 13) points) (PP-LOC in (NP early trading)))))) .)) (TOP (S (NP-SBJ (NP A slight recovery) (PP-LOC in (NP the stock market))) (VP gave (NP currency traders) (NP (NP confidence) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP push (NP the dollar) (ADVP-CLR higher) (SBAR-TMP before (S (NP-SBJ the unit) (VP dropped (ADVP-DIR back) (PP-TMP by (NP (NP day 's) end))))) (ADVP *T*-1))))))) .)) (TOP (S (NP-SBJ Some dealers) (VP noted (SBAR that (S (NP-SBJ (NP nervousness) (PP over (NP (NP the recent sharp dive) (PP-LOC in (NP stock prices))))) (VP could (VP intensify (PP-TMP following (NP (NP suggestions) (PP by (NP (NAC Bank (PP of (NP Japan))) Governor Satoshi Sumita)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP appeared (S (NP-SBJ *-2) (VP to (VP advise (NP-3 Japanese investors) (S (NP-SBJ-4 *-3) (VP to (VP be (ADJP-PRD very careful) (PP-LOC in (S-NOM (NP-SBJ *-4) (VP investing (PP-CLR in (NP U.S. leveraged buy-outs))))))))))))))))))))) .)) (TOP (S (NP-SBJ Dealers) (VP suggest (SBAR that (S (NP-SBJ (NP the only positive news) (PP-LOC on (NP the horizon)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP detract (NP attention) (PP-DIR from (NP equities transactions))))))) (VP is (NP-PRD (NP September 's) U.S. consumer price data))))) .)) (TOP (S (NP-SBJ-1 (NP The figures) , (ADJP due (PP for (NP release)) (NP-TMP Friday)) ,) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP show (NP (NP an uptick) (PP-LOC in (NP inflation)) (PP to (NP 4.8 %)) (PP from (NP 4.7 %) (PP-TMP in (NP August))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the figures) (VP show (NP (NP a hefty rise) (PP-LOC in (NP inflation)))))) , (NP-SBJ they) (VP could (VP militate (PP-CLR against (NP (NP easing) (PP by (NP the Fed)))))) .)) (TOP (S (PP-LOC On (NP the Commodity Exchange)) (PP-LOC in (NP New York)) , (NP-SBJ (NP gold) (PP for (NP current delivery))) (VP rose (NP-EXT $ 1.30 *U*) (PP-DIR to (NP (NP $ 368.70 *U*) (NP-ADV an ounce))) (PP-LOC in (NP moderate trading))) .)) (TOP (S (NP-SBJ Estimated volume) (VP was (NP-PRD (QP three million) ounces)) .)) (TOP (S (PP In (NP early trading)) (PP-LOC in (NP Hong Kong)) (NP-TMP Thursday) , (NP-SBJ gold) (VP was (PP-LOC-PRD at (NP (NP $ 368.15 *U*) (NP-ADV an ounce)))) .)) (TOP (S (S (NP-SBJ Crude prices) (VP spurted (ADVP-DIR upward) (PP-LOC in (NP brisk trading)) (PP on (NP the assumption (SBAR that (S (NP-SBJ heavy earthquake damage) (VP occurred (PP-CLR to (NP San Francisco area refinery complexes))))))))) , but (S (NP-SBJ the rise) (VP (ADVP-MNR quickly) fizzled (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP became (ADJP-PRD apparent) (SBAR-1 that (S (NP-SBJ-2 oil operations) (VP were n't (VP (ADVP-MNR severely) curtailed (NP *-2))))) (ADVP-TMP *T*-3)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Trading (PP-CLR on (NP little specific information)))) , (NP-SBJ-1 market players) (ADVP-TMP overnight) (PP-LOC in (NP Tokyo)) (VP began (S (NP-SBJ *-1) (VP bidding (ADVP-CLR up) (NP oil prices)))) .)) (TOP (S (NP-SBJ The rally) (VP spread (PP-DIR into (NP (NP European markets) , (SBAR (WHADVP-1 where) (S (NP-SBJ traders) (VP were (ADVP-TMP still) (VP betting (SBAR that (S (NP-SBJ the earthquake) (VP disrupted (NP (NP the San Francisco area 's) large oil refining plants)))) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (PP-TMP By (NP yesterday morning)) , (NP-SBJ-1 (NP much) (PP of (NP the world))) (VP was (ADVP-TMP still) (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP reach (NP San Francisco) (PP-MNR by (NP telephone))))))) .)) (TOP (S (NP-SBJ West Texas Intermediate) (VP was (VP bid (ADVP-CLR up) (NP (NP (QP more than 20) cents) (NP-ADV a barrel)) (PP-LOC in (NP many overseas markets)))) .)) (TOP (S (PP-LOC At (NP (NP the opening) (PP of (NP the New York Mercantile Exchange)))) , (NP-SBJ (NP West Texas Intermediate) (PP for (NP November delivery))) (VP shot (ADVP-DIR up) (NP-EXT (NP 10 cents) (NP-ADV a barrel)) , (PP-DIR to (NP $ 20.85 *U*)) , (PP (ADVP still) on (NP the belief (SBAR that (S (NP-SBJ-1 the refineries) (VP were (VP damaged (NP *-1)))))))) .)) (TOP (S (PP-LOC In (NP the San Francisco area)) , (NP-SBJ-1 (NP (NP (QP roughly 800,000) barrels) (NP-ADV a day) (PP of (NP crude))) , (NP (NP (QP about a) third) (PP of (NP (NP all the refining capacity) (PP-LOC in (NP California))))) ,) (VP is (VP processed (NP *-1) (ADVP-TMP daily) , (PP according (PP to (NP industry data))))) .)) (TOP (S (PP-TMP For (NP (NP more) (PP than (NP the past year)))) , (NP-SBJ (NP even the rumor) (PP of (NP a major West Coast refinery shutdown))) (VP has (VP been (ADJP-PRD enough (S (NP-SBJ *) (VP to (VP spark (NP a futures rally))))) (SBAR-PRP because (S (NP-SBJ the gasoline market) (VP is (ADJP-PRD so tight)))))) .)) (TOP (S But (NP-TMP yesterday) , (SBAR-TMP as (S (NP-SBJ the morning) (VP wore (ADVP-CLR on)))) , (NP-SBJ (NP some major West Coast refinery operators) -- (PP including (NP (NP Chevron Corp.) , (NP Exxon Corp.) and (NP (NP the Shell Oil Co. unit) (PP of (NP Royal Dutch/Shell Group))))) --) (VP said (SBAR 0 (S (NP-SBJ-1 their refineries) (VP (VP were n't (VP damaged (NP *-1))) and (VP were (VP continuing (S (NP-SBJ *-1) (VP to (VP operate (ADVP-MNR normally)))))))))) .)) (TOP (S (NP-SBJ Most) (VP said (SBAR 0 (S (NP-SBJ they) (VP (VP shut (PRT down) (NP their petroleum pipeline operations) (PP as (NP a precaution))) but (VP did n't (VP see (NP any immediate damage))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Gasoline terminals) (VP were (ADVP also) (ADJP-PRD largely unhurt))) , (NP-SBJ they) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP It) (S *EXP*-2)) (VP 's (ADJP-PRD hard) (S-2 (NP-SBJ *) (VP to (VP imagine (SBAR (WHADVP-3 how) (S (NP-SBJ the markets) (VP were (VP speculating (ADVP-MNR *T*-3)))))))) , (PP given (SBAR that (S (NP-SBJ nobody) (VP could (VP get (PP-DIR through (PP to (NP San Francisco)))))))))) , '' (VP said (S *T*-1)) (NP-SBJ one amazed oil company executive) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ the news (SBAR *ICH*-1)) (VP spread (SBAR-1 that (S (NP-SBJ the refineries) (VP were (ADJP-PRD intact))))))) , (NP-SBJ-2 crude prices) (VP plunged , (S-ADV (NP-SBJ *-2) (VP ending (NP the day) (PP-CLR at (NP (NP $ 20.56 *U*) (NP-ADV a barrel))) , (ADVP down (NP 19 cents))))) .)) (TOP (S (NP-SBJ (NP Gasoline) (PP for (NP November delivery))) (VP was (ADVP-PRD off (NP (NP 1.26 cents) (NP-ADV a gallon)) (PP to (NP 54.58 cents)))) .)) (TOP (S (NP-SBJ Heating oil) (VP finished (PP-CLR at (NP 60.6 cents)) , (ADVP down (NP 0.45 cent))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The market) (VP was (ADVP basically) (VP acting (PP on (NP two contradictory forces))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Nauman Barakat) (PP of (NP Shearson Lehman Hutton Inc))) .)) (TOP (S `` (NP-SBJ One) (VP is (NP-PRD (NP the panic) , (NP (NP the earthquake) (PP-LOC in (NP San Francisco))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD positive)))))) . '')) (TOP (S (S-TPC-2 But (SBAR-TMP once (S (NP-SBJ-1 that factor) (VP was (VP eliminated (NP *-1))))) , (NP-SBJ traders) (VP (VP took (NP profits)) and (VP focused (PP-CLR on (NP crude oil inventories))))) , (NP-SBJ Mr. Barakat) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ the market) (VP closed))) (NP-TMP Tuesday) , (NP-SBJ the American Petroleum Institute) (VP had (VP reported (SBAR that (S (NP-SBJ crude stocks) (VP increased (PP-EXT by (NP (QP 5.7 million) barrels)) (PP-TMP in (NP (NP the week) (VP ended (NP-TMP Friday)) , (SBAR (WHNP-1 which) (S (NP-SBJ traders) (VP viewed (NP *T*-1) (PP-CLR as (ADJP bearish)))))))))))) .)) (TOP (S But (NP-SBJ some market players) (ADVP-TMP still) (VP think (SBAR 0 (S (NP-SBJ earthquake speculation) (VP could (VP have (NP (NP more impact) (PP-LOC on (NP the oil markets)))))))) .)) (TOP (S-1 `` (NP-SBJ The problem) (VP is (SBAR-PRD that (S (SBAR-ADV while (S (PP-LOC on (NP the surface)) (NP-SBJ everything) (VP is (ADJP-PRD all right)))) , (NP-SBJ the question) (VP is (PRN , '' (SINV (VP said (S *T*-1)) (NP-SBJ Mr. Barakat)) ,) `` (SQ-PRD was (NP-SBJ there) (NP-PRD (NP any structural damage) (PP to (NP (NP the pipelines) or (NP (NP anything) (ADJP else)))))))))) . '')) (TOP (FRAG (PP-LOC In (NP other commodity markets)) (NP-TMP yesterday) :)) (TOP (NP COPPER :)) (TOP (S (NP-SBJ Futures prices) (VP eased (PP on (NP (NP indications) (PP of (NP (NP improvement) (PP-LOC in (NP (NP the industry 's) labor situation))))))) .)) (TOP (S (NP-SBJ The December contract) (VP declined (NP-EXT (NP 1.85 cents) (NP-ADV a pound)) (PP-DIR to (NP $ 1.2645 *U*))) .)) (TOP (S (PP According (PP to (NP one analyst))) , (NP-SBJ-3 (NP workers) (PP-LOC at (NP (NP the Cananea copper mine) (PP-LOC in (NP Mexico)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP has n't (VP been (VP operating (SBAR-TMP since (S (NP-SBJ-1 it) (VP was (VP declared (S (NP-SBJ *-1) (ADJP-PRD bankrupt)) (PP by (NP-LGS the Mexican government)) (PP-TMP in (NP late August))))))))))) ,))) (VP are (ADJP-PRD set (S (NP-SBJ *-3) (VP to (VP return (PP-DIR to (NP work))))))) .)) (TOP (S (NP-SBJ The analyst) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP take (NP (QP about two to three) months) (SBAR-TMP before (S (NP-SBJ-1 the mine) (VP begins (S (NP-SBJ *-1) (VP to (VP produce (NP copper) (PP in (NP significant quantities))))))))))))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR that , (S (SBAR-ADV while (S (NP-SBJ there) (VP has n't (VP been (NP-PRD any official announcement) (PP-TMP as (NP yet)))))) , (NP-SBJ-1 (NP the Highland Valley mine strike) (PP-LOC in (NP British Columbia)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP has (VP lasted (NP (QP more than three) months))))) ,) (VP is (VP regarded (NP *-1) (SBAR-CLR as (S (NP-SBJ-3 *) (VP settled (NP *-3))))))))) .)) (TOP (S (NP-SBJ Another analyst) (VP said (SBAR 0 (S (NP-SBJ (NP the Cananea return) (PP to (NP operation))) (VP may not (VP be (ADVP-TMP-PRD (ADVP as near) (SBAR as (S (NP-SBJ some) (VP expect (SBAR 0 (S *?*))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ There) (VP are (ADVP-TMP still) (NP-PRD (NP negotiations) (VP taking (NP place) (PP on (SBAR whether (S (NP-SBJ there) (VP will (VP be (NP-PRD (NP a loss) (PP of (NP jobs)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (NP-PRD a critical issue) (ADVP all along))))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (S-TPC-2 (ADVP Nevertheless) , (NP-SBJ the increasing likelihood (SBAR that (S (NP-SBJ-1 these two major supply disruptions) (VP will (VP be (VP resolved (NP *-1))))))) (VP weighed (PP-CLR on (NP the market)))) , (NP-SBJ the analysts) (VP agreed (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Both) (PP of (NP these mines))) (VP are (ADVP normally) (NP-PRD (NP major suppliers) (PP of (NP copper)) (PP to (NP (NP Japan) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (VP buying (NP copper) (PP-LOC on (NP the world market))))))))))) .)) (TOP (S (NP-SBJ The first analyst) (VP said (SBAR (SBAR that (S (NP-SBJ (NP the Japanese) , (CONJP as well as) (NP the Chinese)) , (VP bought (NP copper) (ADVP-TMP earlier (PP in (NP the week))) (PP-LOC in (NP London))))) , but (SBAR that (S (NP-SBJ this purchasing) (VP has (ADVP-TMP since) (VP slackened (SBAR-PRP as (S (NP-SBJ-1 the supply situation) , (PP-TMP (ADVP at least) over (NP the long term)) , (VP appears (S (NP-SBJ *-1) (VP to (VP have (VP improved))))))))))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ The focus) (PP-TMP for (NP some time)) (VP has (VP been (PP-LOC-PRD on (NP the copper supply))))) , and (S (NP-SBJ-1 good demand) (VP has (VP been (VP taken (NP *-1) (SBAR-CLR for (S (NP-SBJ-3 *) (VP granted (NP *-3))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S `` (SBAR Now that (S (NP-SBJ-2 the supply situation) (VP seems (S (NP-SBJ *-2) (VP to (VP be (VP improving))))))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP would (VP be (ADJP-PRD best) (SBAR-1 for (S (NP-SBJ traders) (VP to (VP switch (NP their concentration) (PP-DIR to (NP the demand side)))))))) . '')) (TOP (S (NP-SBJ He) (VP noted (NP (NP the Commerce Department report (SBAR *ICH*-1)) (NP-TMP yesterday) (SBAR-1 that (S (NP-SBJ housing starts) (PP-TMP in (NP September)) (VP dropped (NP-EXT 5.2 %) (PP-DIR from (NP August)) (PP-DIR to (NP (NP (NP (QP 1.26 million) units) (PP on (NP an annualized basis))) , (NP (NP the lowest level) (PP-TMP in (NP seven years)))))))))) .)) (TOP (S `` (S-TPC-2 (PP Along (PP with (NP these factors))) , (NP-SBJ other economic reports) (VP suggest (NP (NP a slowing) (PP of (NP the economy)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP could (VP mean (NP reduced copper usage)))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (NP SUGAR :)) (TOP (S (NP-SBJ Futures prices) (VP extended (NP (NP Tuesday 's) gains)) .)) (TOP (S (NP-SBJ The March delivery) (VP ended (PP-CLR with (NP (NP an advance) (PP of (NP (NP 0.16 cent) (NP-ADV a pound))) (PP to (NP 14.27 cents)))) , (PP for (NP (NP a two-day gain) (PP of (NP 0.3 cent))))) .)) (TOP (S (PP According (PP to (NP one dealer))) , (NP-SBJ Japan) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (NP (NP (QP only 40,000) tons) (PP of (NP sugar)) (VP remaining (S (NP-SBJ-1 *) (VP to (VP be (VP shipped (NP *-1) (PP-DIR to (NP it)) (NP-TMP this year) (PP by (NP-LGS Cuba)))))))) (PP-LOC under (NP current commitments)))))) .)) (TOP (S (NP-SBJ-1 The announcement) (VP was (VP made (NP *-1) (PP-PRP because of (NP (NP reports (SBAR *ICH*-2)) (NP-TMP Tuesday) (SBAR-2 that (S (NP-SBJ Cuba) (VP would (VP delay (NP (NP shipments) (PP to (NP Japan)) (VP scheduled (NP *) (PP-CLR for (NP-TMP later this year)))) , (PP-DIR into (NP early next year)))))))))) .)) (TOP (S (NP-SBJ The dealer) (VP said (SBAR 0 (S (NP-SBJ (NP the quantity) (VP mentioned (NP *) (PP-LOC in (NP the Japanese announcement)))) (VP is (ADJP-PRD (ADJP so small) (SBAR that (S (NP-SBJ it) (VP 's (ADJP-PRD meaningless))))))))) .)) (TOP (S (NP-SBJ One analyst) (VP said (SBAR 0 (S (NP-SBJ he) (VP thought (SBAR 0 (S (NP-SBJ-2 the market) (VP continued (S (NP-SBJ-1 *-2) (VP to (VP be (VP supported (NP *-1) (PP to (NP some degree)) (PP by (NP-LGS (NP a delay) (PP-LOC in (NP the Cuban sugar harvest)) (VP caused (NP *) (PP by (NP-LGS adverse weather)))))))))))))))) .)) (TOP (S (NP-SBJ The dealer) (VP said (SBAR 0 (S (NP-SBJ India) (VP might (VP be (NP-PRD (NP the real factor) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (VP keeping (S (NP-SBJ futures prices) (ADJP-PRD firm)))))))))))) .)) (TOP (S (NP-SBJ-1 That country) (VP (VP (ADVP-TMP recently) bought (NP (NP 200,000 tons) (PP of (NP sugar)))) and (VP had (VP been (VP expected (S (NP-SBJ *-1) (VP to (VP (VP seek (NP a like quantity) (NP-TMP last week)) but (VP did n't (VP *?*))))))))) .)) (TOP (S `` (S-TPC-3 (S (NP-SBJ-2 (NP It) (SBAR *EXP*-1)) (VP 's (VP known (NP *-2) (SBAR-1 0 (S (NP-SBJ they) (VP need (NP the sugar))))))) , and (S (NP-SBJ the expectation (SBAR that (S (NP-SBJ they) (VP will (VP come (ADVP-DIR in)))))) (VP is (ADVP apparently) (VP giving (NP the market) (NP its principal support))))) , '' (NP-SBJ the dealer) (VP said (S *T*-3)) .)) (TOP (NP LIVESTOCK AND MEATS :)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 The Agriculture Department) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP announce (NP-TMP tomorrow) (SBAR that (S (NP-SBJ (NP the number) (PP of (NP cattle)) (PP-LOC in (NP the 13 major ranch states))) (VP slipped (NP-EXT 4 %) (PP-DIR to (NP 8.21 million)) (PP-TMP on (NP Oct. 1)) (PP compared (PP with (NP (NP the level) (ADVP-TMP (NP a year) earlier))))))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Tom Morgan) , (NP (NP president) (PP of (NP (NP Sterling Research Corp.) , (NP-LOC (NP Arlington Heights) , (NP Ill)))))) .)) (TOP (S (NP-SBJ Cattle prices) (VP have (VP risen (PP-TMP in (NP recent weeks)) (PP on (NP speculation (SBAR that (S (NP-SBJ (NP the government 's) quarterly report) (VP will (VP signal (NP (NP tighter supplies) (PP of (NP beef))))))))))) .)) (TOP (S (PP-LOC Among (NP other things)) , (NP-SBJ-1 the government) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP report (SBAR that (S (NP-SBJ (NP the number) (PP of (NP (NP young cattle) (VP placed (NP *) (PP-LOC-CLR on (NP feedlots)) (PP-TMP during (NP the quarter)))))) (VP slipped (NP-EXT 3 %))))))))) .)) (TOP (S (S (NP-SBJ Feedlots) (VP fatten (NP cattle) (PP-PRP for (NP slaughter)))) , so (S (NP-SBJ a drop) (VP indicates (SBAR that (S (NP-SBJ (NP the production) (PP of (NP beef))) (VP will (VP dip (NP-TMP this winter))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ some analysts) (VP expect (S (NP-SBJ the government) (VP to (VP report (SBAR that (S (NP-SBJ (NP the movement) (PP of (NP young cattle)) (PP onto (NP feedlots)) (PP-TMP in (NP (NP the month) (PP of (NP September)))) (PP-LOC in (NP seven big ranch states))) (VP dropped (NP-EXT 8 %) (PP compared (PP with (NP (NP the level) (PP for (NP September 1988)))))))))))) .)) (TOP (S (NP-SBJ-2 The following issues) (VP were (ADVP-TMP recently) (VP filed (NP *-2) (PP-CLR with (NP the Securities and Exchange Commission)))) :)) (TOP (NP (NP Health Care Property Investors Inc.) , (NP (NP offering) (PP of (NP (NP 2,250,000 shares) (PP of (NP common stock)))) , (PP via (NP (NP Merrill Lynch Capital Markets) , (NP Alex . Brown & Sons Inc.) and (NP Dean Witter Reynolds Inc)))) .)) (TOP (NP (NP Union Pacific Corp.) , (NP (NP shelf offering) (PP of (NP (NP (QP up to $ 500 million) *U*) (NP (NP debt securities) and (NP warrants))))) .)) (TOP (NP (NP United Technologies Corp.) , (NP (NP shelf offering) (PP of (NP (NP (QP up to $ 500 million) *U*) (NP unsubordinated non-convertible unsecured debt securities)))) .)) (TOP (S (NP-SBJ-1 (NP A new drug) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP prevent (NP (NP the rejection) (PP of (NP transplanted organs)))))))) (VP has (VP been (VP (ADVP-MNR successfully) used (NP *-1) (PP-CLR on (NP (QP more than 100) patients)) (PP-LOC at (NP (NP the University) (PP of (NP Pittsburgh)))) , (PP according (PP to (NP researchers)))))) .)) (TOP (S (S (NP-SBJ-1 (NP The drug) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (ADVP-TMP still) (PP-LOC-PRD in (NP the experimental phase))))) ,) (VP has n't (VP been (VP approved (NP *-1) (ADVP-TMP yet) (PP by (NP-LGS the Food and Drug Admistration)))))) , and (S (NP-SBJ its long-term effects) (VP are (ADJP-PRD unknown))) .)) (TOP (S But (NP-SBJ researchers) (VP say (SBAR 0 (S (NP-SBJ (NP the drug) , (VP called (S (NP-SBJ *) (NP-PRD FK-506))) ,) (VP could (VP revolutionize (NP the transplantation field) (PP-MNR (PP by (S-NOM (NP-SBJ *) (VP reducing (NP harmful side effects)))) and (PP by (S-NOM (NP-SBJ *) (VP lowering (NP rejection rates)))))))))) .)) (TOP (S (NP-SBJ Rejection) (VP has (VP been (NP-PRD the major obstacle) (PP-LOC in (NP (NP the (QP approximately 30,000) organ transplants) (VP performed (NP *) (ADVP-LOC world-wide) (NP-TMP each year)))))) .)) (TOP (S (NP-SBJ-2 Researchers) (VP began (S (NP-SBJ *-2) (VP using (NP the drug) (PP-CLR *ICH*-3))) (PP-TMP in (NP February)) (PP-CLR-3 on (NP (NP patients) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP received (NP kidney , liver , heart and pancreas transplants)))))))) .)) (TOP (S (NP-SBJ-1 (QP Only two of 111) transplants) (VP have (VP been (VP rejected (NP *-1)))) .)) (TOP (S (NP-SBJ-1 (NP The drug) , (VP discovered (NP *) (PP-TMP in (NP 1984))) ,) (VP is (VP metabolized (NP *-1) (PP-CLR from (NP (NP soil fungus) (VP found (NP *) (PP-TMP in (NP Japan))))))) .)) (TOP (S (NP-SBJ The Pittsburgh patients) (VP are (NP-PRD (NP the first humans) (SBAR (WHNP-4 0) (S (NP-SBJ-1 *T*-4) (VP to (VP be (VP given (NP *-1) (NP (NP the drug) , (SBAR (WHNP-3 which) (S (NP-SBJ-2 *T*-3) (VP is (VP made (NP *-2) (PP by (NP-LGS Fujisawa Pharmaceutical Co)))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're (VP shocked (PP by (NP it)))) , (SBAR because (S (NP-SBJ it) (VP 's (VP worked (ADVP so fast)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Dr. Thomas E. Starzl) , (NP (NP director) (PP of (NP the (NAC University (PP of (NP Pittsburgh))) Transplantation Program))) ,) (PP-LOC at (NP a news conference)) (ADVP-LOC here) (NP-TMP yesterday) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP consider (S (NP-SBJ it) (NP-PRD (NP a life-saving drug) , (PP like (NP (NP one) (PP for (NP AIDS)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Dr. John Fung) , (NP (NP an immunologist) (PP-LOC at (NP (NP the University) (PP of (NP Pittsburgh)))))) .)) (TOP (S (NP-SBJ Researchers) (VP say (SBAR 0 (S (NP-SBJ they) (VP believe (SBAR 0 (S (NP-SBJ FK-506) (VP is (ADJP-PRD (ADJP (QP 100 times) more effective) (PP than (NP (NP the traditional anti-rejection drug) , (NP cyclosporine) , (VP made (NP *) (PP by (NP-LGS Swiss pharmaceutical giant Sandoz Ltd))))))))))))) .)) (TOP (S (NP-SBJ-1 They) (VP are (ADVP also) (VP encouraged (NP *-1) (PP by (NP-LGS (NP the (ADJP relatively mild) side effects) (PP of (NP FK-506)) , (PP compared (PP with (NP (NP cyclosporine) , (SBAR (WHNP-507 which) (S (NP-SBJ *T*-507) (VP can (VP cause (NP (NP renal failure) , (NP morbidity) , (NP nausea) and (NP other problems))))))))))))) .)) (TOP (S `` (S-1 (NP-SBJ (NP The side effects) (PRN -LCB- (PP of (NP cyclosporine)) -RCB-)) (VP have (VP made (S (NP-SBJ (NP the penalty) (PP for (NP its success))) (ADJP-PRD rather high))))) , '' (NP-SBJ Dr. Starzl) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Dr. Fung) (VP said (SBAR (SBAR that (S (NP-SBJ FK-506) (VP would not (VP be (ADJP-PRD available) (PP-LOC in (NP the market)) (PP-TMP for (NP (QP at least a) year)))))) , and (SBAR that (S (NP-SBJ the FDA approval process) (ADVP-TMP usually) (VP takes (NP (NP three years) to (NP five years))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD no firm plans (S (NP-SBJ *) (VP to (VP expand (NP the experimental program) (PP-DIR-CLR beyond (NP (NP (NP the University) (PP of (NP Pittsburgh))) , (SBAR (WHNP-1 whose hospital) (S (NP-SBJ *T*-1) (VP performs (NP (NP the most transplants) (PP-LOC in (NP the world))))))))))))) .)) (TOP (S (S (NP-SBJ Researchers) (VP could n't (VP estimate (NP (NP the cost) (PP of (NP the drug)) (SBAR (WHADVP-1 when) (S (NP-SBJ it) (VP reaches (NP the market) (ADVP-TMP *T*-1)))))))) , but (S (NP-SBJ they) (VP said (SBAR 0 (S (NP-SBJ FK-506) (VP will (VP (VP enable (S (NP-SBJ patients) (VP to (VP cut (NP hospital stays) (PP-EXT by (NP 50 %)))))) and (VP reduce (NP (NP the number) (PP of (NP (NP blood tests) (VP used (S-CLR (NP-SBJ *) (VP to (VP monitor (NP (NP the dosage) (PP of (NP (NP cyclosporine) and (NP other drugs))))))) (PP-LOC among (NP transplant recipients))))))))))))) .)) (TOP (S (NP-SBJ Dr. Starzl) (VP said (SBAR (SBAR 0 (S (NP-SBJ-1 the research) (VP has (VP been (ADVP largely) (VP financed (NP *-1) (PP (PP by (NP-LGS (NP the National Institute) (PP of (NP Health)))) and (PP by (NP-LGS university funds)))))))) , and (SBAR that (S (NP-SBJ Fujisawa) (VP did n't (VP give (NP the hospital) (NP any grants))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (NP-SBJ the research team) (VP had (NP (NP no financial stake) (PP-LOC in (NP the drug))))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ We) (VP 've (VP known (PP-TMP for (NP six months)) (NP (NP the effect) (PP of (NP this drug)))))) , and (S (NP-SBJ (NP our advice) (PP to (NP our people))) (VP has (VP been (S-PRD (NP-SBJ *) not (VP to (VP buy (NP (NP the company 's) stock)))))))) , '' (NP-SBJ-1 Dr. Starzl) (VP said (S *T*-2) , (S-ADV (NP-SBJ *-1) (VP adding (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP profiting (PP-CLR from (NP FK-506)))) (VP would n't (VP be (ADJP-PRD ethical)))))))) .)) (TOP (S (NP-SBJ (NP (NP Economist David N. Laband 's) Sept. 27 editorial-page article) , `` (FRAG-TTL (PP-LOC In (NP (NP Hugo 's) Path)) , (NP a Man-Made Disaster) , '')) (VP decries (NP (NP the control) (PP of (NP price gouging)) , (VP (ADVP-MNR swiftly) ordered (NP *) (PP by (NP-LGS (NP South Carolina 's) governor)) (PP-TMP after (NP Hurricane Hugo))))) .)) (TOP (S (PP According (PP to (NP Mr. Laband))) , (S-NOM-SBJ (NP-SBJ *) (VP `` screaming '' (PP-CLR for (NP price controls)))) (VP occurs (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 income redistribution) `` (VP threatens (S (NP-SBJ *-2) (VP to (VP hit (NP home)))) (ADVP-TMP *T*-1))))) . '')) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP be (ADJP-PRD sure)))) , (NP-SBJ the threat) (VP has (VP hit (NP home) (ADVP-LOC down here))) .)) (TOP (S Yet (PP-LOC in (NP (NP (NP Mr. Laband 's) rehash) (PP of (NP free-market logic)))) , (NP-SBJ (NP human greed) and (NP self-interest)) (VP are (NP-PRD the only permissible psychological reactions)) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Allowing (NP (NP uncontrolled prices) (PP for (NP necessities))))) (VP would (ADVP indeed) (VP shorten (NP (NP the lines) (PP-LOC at (NP stores))) , (SBAR-ADV as (S (NP-SBJ he) (VP contends (SBAR 0 (S *?*))))))) .)) (TOP (FRAG But not (SBAR-PRP because (S (NP-SBJ resources) (VP are (VP going (PP-DIR to (NP their (ADJP most efficient) use)) , (S-ADV (NP-SBJ *) (VP leaving (S (NP-SBJ-2 scarce goods) `` (VP allocated (NP *-2) (PP-CLR to (NP (NP those buyers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP place (NP the highest value) (PP-CLR on (NP them)))))))))))))) . ''))) (TOP (S (ADVP Rather) , (NP-SBJ lines) (VP would (VP diminish (SBAR-PRP because (S (PP at (NP higher prices)) (NP-SBJ many victims) (VP could not (VP afford (NP (NP necessities) (PP such as (NP (NP food) and (NP medical supplies)))))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP is (ADJP-PRD inhumane) (S-1 (NP-SBJ *) (VP to (VP imply (SBAR that (S (NP-SBJ a poor , unemployed woman) (VP can not (VP receive (NP (NP immediate relief) (PP for (NP her family))) (PP at (NP fair prices)) (SBAR-PRP because (S (NP-SBJ she) (VP does not (VP have (NP (NP as much) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP protect (NP *T*-2))))) (PP as (NP a rich family))))))))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ-1 (NP essential relief supplies) (PP such as (NP ice))) (VP must (VP be (VP distributed (NP *-1) (PP-LOC-CLR throughout (NP the population)) (PP-PRP because of (NP (NP (NP potential health problems) (PP from (NP spoiled food))) and (NP (NP possible outbreak) (PP of (NP disease)))))))) .)) (TOP (S (NP-SBJ Such spillover effects) (VP give (NP the state) (NP a right (S (NP-SBJ *) (VP to (VP (VP intervene (PP-LOC-CLR in (NP the marketplace))) and (VP (ADVP-TMP temporarily) coordinate (NP (NP allocation) (PP of (NP resources))))))))) .)) (TOP (S (ADVP Fortunately) , (NP-SBJ-1 volunteers and charities) (VP are not (VP motivated (NP *-1) (PP (PP by (NP-LGS self-interest)) , but (PP by (NP-LGS altruism))))) .)) (TOP (SBARQ (WHADVP-2 Why) (SQ should (NP-SBJ-1 they) (VP have (S (NP-SBJ *-1) (VP to (VP co-exist (PP-CLR with (NP (NP opportunists) (VP rushing (ADVP-DIR in) (S-PRP (NP-SBJ *) (VP to (VP turn (NP a quick profit)))))))))) (ADVP-PRP *T*-2))) ?)) (TOP (S (NP-SBJ-1 These latter-day scalawags) (VP would (VP be (ADJP-PRD ill-advised (S (NP-SBJ *-1) (VP to (VP take (NP-CLR advantage) (PP-CLR of (NP the situation)))))) , (SBAR-ADV if (S (NP-SBJ-2 they) (ADVP-TMP ever) (VP expect (S (NP-SBJ *-2) (VP to (VP face (NP (NP the people) (PP of (NP South Carolina))) (ADVP-TMP again))))))))) .)) (TOP (S (NP-SBJ The government) (VP is (ADVP actually) (VP protecting (NP (NP (NP avaricious ice-baggers) and (NP other profiteers)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP can not (VP see (PP-CLR beyond (NP their own short-term gain))))))))) .)) (TOP (S (NP-SBJ South Carolina) (VP deserves (NP an A) (PP-PRP for (NP its (ADJP quick and timely) relief efforts))) .)) (TOP (S (NP-SBJ Mr. Laband) , (ADVP-TMP meanwhile) , (VP gets (NP an A) (PP-PRP for (NP (NP his rote recital) (PP of (NP economic-efficiency arguments))))) .)) (TOP (S (NP-SBJ *) (VP Give (NP him) (NP an F) (PP-PRP for (NP his failure (S (NP-SBJ *) (VP to (VP understand (NP (NP the ethics) (PP of (NP economic equity))))))))) .)) (TOP (S (NP-SBJ-1 *) (VP Signed (NP *-1) (PP by (NP-LGS 25 students))))) (TOP (FRAG (PP Of (NP (NP Douglas Woodward 's) Honors Economics Class)) ,)) (TOP (NP-LOC (NP University) (PP of (NP South Carolina)))) (TOP (NP-LOC (NP Columbia) , (NP S.C) .)) (TOP (S (NP-SBJ Mr. Laband) (VP gives (NP us) (NP (NP an idea) (SBAR (WHADVP-1 why) (S (NP-SBJ (NP economists ') predictions) (VP are (ADVP-TMP usually) (ADJP-PRD wrong) (ADVP-PRP *T*-1)))))) .)) (TOP (S (NP-SBJ-1 They) (VP (VP set (PRT up) (NP (NP absurd situations) , (VP detached (NP *) (PP-CLR from (NP reality))) ,)) and then (VP try (S (NP-SBJ *-1) (VP to (VP reason (PP-CLR from (NP them))))))) .)) (TOP (S (NP-SBJ I) (VP 'm (ADJP-PRD surprised (SBAR 0 (S (NP-SBJ-2 he) (VP did n't (VP advocate (S (NP-SBJ *-2) (VP letting (S (NP-SBJ people) (VP loot)) , (SBAR-PRP since (S (S (NP-SBJ-1 that behavior) (VP can (ADVP also) (VP be (VP foreseen (NP *-1) (PP-LOC in (NP a disaster)))))) and `` (S (NP-SBJ every individual) (VP has (NP an incentive (S (NP-SBJ *) (VP to (VP alter (NP (NP the distribution) (PP of (NP income))) (PP-MNR in (NP his favor)))))))))))))))))) . '')) (TOP (S (NP-SBJ-1 Price controls) (VP were (VP `` (ADVP-MNR so fervently) embraced (NP *-1) (PP by (NP-LGS Charleston)) '' (SBAR-PRP because (S (NP-SBJ price gouging) (PP-LOC in (NP this situation)) (VP is (ADJP-PRD equivalent (PP to (NP looting)))))))) .)) (TOP (NP Suzanne Foster)) (TOP (NP-LOC (NP Galax) , (NP Va) .)) (TOP (S (NP-SBJ Mr. Laband) (VP described (NP (NP (NP one) (PP of (NP (NP the (ADJP more insidious) threats) (SBAR (WHNP-1 0) (S (NP-SBJ-3 we) (VP face (NP *T*-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ *-3) (VP dealing (PP-CLR with (NP (NP disasters) (PP such as (NP Hugo)))) (ADVP-TMP *T*-2)))))))))) -- (NP (NP anti-profiteering ordinances) (PP such as (NP (NP that) (PP by (NP the Charleston City Council)) (SBAR-TMP as (S (NP-SBJ-4 it) (VP thrashed (ADVP-CLR about) (S-ADV (NP-SBJ-5 *-4) (VP trying (S (NP-SBJ *-5) (VP to (VP Do (NP Something)))))))))))))) .)) (TOP (S (SBAR Since (S (NP-SBJ he) (VP concentrated (PP-CLR on (NP (NP the economic folly) (PP of (NP such ordinances))))))) , (NP-SBJ he) (VP did n't (VP mention (NP (NP certain other) (PP of (NP their effects))))) .)) (TOP (S (NP-SBJ They) (VP divert (NP law-enforcement resources) (PP-TMP at (NP (NP a time) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 they) (VP are (VP (ADVP most) needed (NP *-1) (PP-PRP for (S-NOM (NP-SBJ *-1) (VP protecting (NP lives and property)))) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (ADVP Also) , (SBAR-ADV rather than (S (NP-SBJ *-1) (VP increase (NP supplies)))) , (NP-SBJ-1 they) (VP (VP reduce (NP them)) and (VP encourage (NP hoarding))) .)) (TOP (S And (NP-SBJ (NP they) , or even (NP (NP the prospect) (PP of (NP them))) ,) (VP discourage (NP (NP disaster preparedness) (PP in (NP (NP the form) (PP of (NP (NP speculative advance stocking) (PP of (NP supplies)) (PP by (NP merchants)))))))) .)) (TOP (NP N. Joseph Potts)) (TOP (NP-LOC (NP Miami Lakes) , (NP Fla) .)) (TOP (SQ Would (NP-SBJ Mr. Laband) (ADVP also) (VP suggest (SBAR that (S (NP-SBJ the (NX (NX Red Cross) , (NX Salvation Army) , (NX military units) , (NX police) , (NX fire departments) , (NX rescue units) and (NX individual citizens))) (VP cease (NP their efforts (S (NP-SBJ *) (VP to (VP assist (NP (NP Hugo 's) victims))))) (SBAR-PRP because (S (NP-SBJ they) (VP interfere (PP-CLR with (NP (NP his concept) (PP of (NP the `` free market ''))))))))))) ?)) (TOP (SBAR What about (NP (NP those caring people) (PP-LOC all over (NP the country)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (VP donating (NP (NP food) , (NP water) and (NP (NP other necessities) (PP of (NP life)))) (PP-CLR to (NP (NP these people) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP could (VP be (NP-PRD (NP any) (PP of (NP us)))))))))))))) ?)) (TOP (SQ Should (NP-SBJ-1 they) , (ADVP too) , (VP stop (S (NP-SBJ *-1) (VP `` messing (PP-CLR with '' (NP his free market))))) ?)) (TOP (S (ADVP Maybe) (NP-SBJ he) (VP thinks (SBAR 0 (S (NP-SBJ they) (VP should (ADVP also) (VP sell (PP-CLR to (NP the highest bidder))))))) .)) (TOP (FRAG And (SBAR what about (NP insurance firms)) ?)) (TOP (SQ Should (NP-SBJ-1 they) (VP be (VP required (S (NP-SBJ *-1) (VP to (VP pay (NP (NP claims) (PP based (PP on (NP (NP exorbitant costs) (PP for (NP labor and materials))))))))))) ?)) (TOP (S (NP-SBJ Mr. Laband) (VP should (VP beware , (SBAR-PRP since (S (NP-SBJ he) (VP lives (PP-LOC-CLR in (NP South Carolina))))))) .)) (TOP (S (PP-LOC In (NP a free market)) , (NP-SBJ-1 his insurance rates) (VP can (VP be (VP raised (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP recover (NP insurance-company losses))))))) .)) (TOP (NP John W. Rush)) (TOP (NP-LOC (NP Marietta) , (NP Ga) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Having (VP been (PP-PRD through (NP several tornadoes and hurricanes))))) , (NP-SBJ-1 I) (VP have (NP a different perspective)) .)) (TOP (S (NP-SBJ Mine) (VP comes (PP-DIR from (S-NOM (NP-SBJ *) (VP seeing (S (S (NP-SBJ-1 thriving communities) (VP devastated (NP *-1))) -- but (FRAG (ADVP-TMP only temporarily))))))) .)) (TOP (S (NP-SBJ Their recovery) (VP came (UCP (ADVP-MNR surprisingly fast) , and (ADVP-TMP always) (PP with (NP (NP the help) (PP of (NP neighbors)))))) .)) (TOP (S (NP-SBJ (NP The shock) (PP of (S-NOM (NP-SBJ *) (VP seeing (S (S (NP-SBJ-1 homes) (VP destroyed (NP *-1))) and (S (NP-SBJ-2 city services) (VP disrupted (NP *-2)))))))) (VP may (VP cause (S (NP-SBJ some) (VP to (VP confuse (NP (NP priorities) (PP such as (NP (NP the true economic value) (PP of (NP (NP a freezer) (ADJP full (PP of (NP meat))))))))))))) .)) (TOP (S (PP-LOC In (NP Texas)) (PP-TMP after (NP Hurricane Alicia)) , (NP-SBJ-1 major grocery chains) (VP used (NP their truck fleets) (S-CLR (NP-SBJ *-1) (VP to (VP ship (NP essential goods) (PP-DIR to (NP Houston)) , (NP-ADV (NP no gouging) , just (NP good will)))))) .)) (TOP (NP Tom Mongan)) (TOP (NP-LOC (NP Victoria) , (NP Texas))) (TOP (S (NP-SBJ-1 We) (ADVP-LOC here (PP in (NP the affected areas))) (VP were (VP dazzled (NP *-1) (PP by (NP-LGS (NP (NP (NP Mr. Laband 's) analysis) (PP of (NP time values))) and (NP (NP his comparisons) (PP of (NP effectiveness)) (PP concerning (NP research and development))))))) .)) (TOP (S (NP-SBJ (NP His theoretical approach) and (NP (NP its publication) (PP-LOC in (NP this venerable paper)))) (VP are (NP-ADV no doubt) (NP-PRD a noteworthy accomplishment) (PP for (NP him))) .)) (TOP (FRAG (ADJP Too bad) (S (NP-SBJ theory) (VP fails (PP-CLR in (NP practice)))) .)) (TOP (S (NP-SBJ-1 (NP We) (NP consumers)) (VP tend (S (NP-SBJ *-1) (VP to (VP have (NP long memories))))) .)) (TOP (S (NP-SBJ-1 (NP The businesses) (VP subscribing (PP-CLR to (NP (NP Mr. Laband 's) effective price system)))) (VP will (VP be (VP remembered (NP *-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ normalcy) (VP returns (ADVP-TMP *T*-2))))))) .)) (TOP (S (ADVP Perhaps) , (S-ADV (NP-SBJ *-1) (VP considering (NP (NP the value) (PP of (NP our time))))) , (NP-SBJ-1 we) (VP will (VP be (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP patronize (NP their establishments))))) (PP-TMP in (NP the post-Hugo era)))) .)) (TOP (S (NP-SBJ I) (VP have (NP (NP a question) (PP for (NP Mr. Laband)) : (SBARQ (WHADVP-3 How) (SQ do (NP-SBJ I) (VP explain (PP-CLR to (NP (NP the single mother) (PP of (NP three)) (VP standing (PP-LOC-CLR in (NP line)) (ADVP-LOC next (PP to (NP me))) (PP-TMP for (NP the past three hours))))) (SBAR that (S (NP-SBJ (NP the two bags) (PP of (NP ice)) (SBAR (WHNP-1 0) (S (NP-SBJ she) (VP needs (NP-2 *T*-1) (S-CLR (NP-SBJ *-2) (VP to (VP keep (S (NP-SBJ (NP her children 's) food) (ADJP-PRD edible))))))))) (VP will (VP take (NP her last $ 20 *U*))))) (ADVP-MNR *T*-3))) ?))))) (TOP (S (NP-SBJ I) (VP 'm (ADJP-PRD sure (SBAR 0 (S (NP-SBJ she) (VP 'll (VP appreciate (SBAR (WHNP-1 (WHNP what an efficient reaction) (PP to (NP her problems))) (S (NP-SBJ the price system) (VP has (VP created (NP *T*-1))))))))))) .)) (TOP (NP Chris Edgar)) (TOP (NP-LOC (NP Myrtle Beach) , (NP S.C) .)) (TOP (S (NP-SBJ-1 This) (VP seems (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the season) (PP for (NP revivals)))))) (PP-LOC in (NP Chicago))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ (NP the Cubs ') championship season) (VP ended (PP with (NP the National League playoffs))))) , (NP-SBJ (NP a revival) (PP of (NP (NP (NP the Organic Theater 's) production) (PP of (NP `` (NP-TTL Bleacher Bums) , '' (NP (NP a play) (PP in (NP nine innings)) (VP set (NP *) (PP-LOC-CLR in (NP the Wrigley Field bleachers)))) ,))))) (VP continues (PP-LOC within (NP (NP spitting distance) (PP of (NP the ballpark))))) .)) (TOP (S (NP-SBJ-1 (NP Revivals) (PP of (NP a different sort))) (ADVP also) (VP are (VP being (VP offered (NP *-1) (PP by (NP-LGS (NP our two major theater troupes) , (NP (NP the Goodman) and (NP Steppenwolf))))))) .)) (TOP (S (S (NP-SBJ Each) (VP is (ADJP-PRD (ADJP more problematic) (PP than (NP an unexpected divisional baseball championship))))) , but (S (NP-SBJ-1 both) (VP help (S (NP-SBJ *-1) (VP explain (SBAR (WHADVP-2 why) (S (NP-SBJ Chicago) (VP remains (NP-PRD (NP a vital center) (PP of (NP (NP this country 's) regional theater movement))) (ADVP-PRP *T*-2)))))))) .)) (TOP (S (NP-SBJ The Goodman) (VP is (VP offering (NP (NP a modernized version) (PP of (NP (NP Moliere 's) `` (NX-TTL The Misanthrope) ''))) (PP-TMP through (NP Nov. 4)))) .)) (TOP (S (NP-SBJ The original) (VP is (NP-PRD (NP a comedy) (PP about (NP (NP Alceste) , (NP (NP a man) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sees (NP falseness and vanity) (PP-LOC in (NP (NP everyone) (PP except (NP himself)))))))))))) .)) (TOP (S (NP-SBJ He) (VP is (NP-PRD (NP (NP the jealous friend) (PP of (NP Philinte))) , and (NP (NP the jealous lover) (PP of (NP Celimene))))) .)) (TOP (S (NP-SBJ-1 The play) (VP is (VP filled (NP *-1) (PP-CLR with (NP intrigue , dishonesty and injustice)))) .)) (TOP (S (ADVP-TMP (NP Twenty-five years) ago) (NP-SBJ-1 (NP the poet) (NP Richard Wilbur)) (VP modernized (NP this 17th-century comedy) (PP-MNR (ADVP merely) by (S-NOM (NP-SBJ *-1) (VP avoiding `` (NP (NP the zounds sort) (PP of (NP thing))) , '' (SBAR-ADV as (S (NP-SBJ he) (VP wrote (PP-LOC in (NP his introduction))))))))) .)) (TOP (S (ADVP Otherwise) , (NP-SBJ the scene) (VP remained (NP-PRD (NP (NP Celimene 's) house) (PP-TMP in (NP 1666)))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Assuming (SBAR 0 (S (NP-SBJ modern audiences) (VP (ADVP-MNR readily) understand (SBAR that (S (NP-SBJ (NP Moliere 's) social indictment) (VP covers (NP (NP their world) (CONJP as well as) (NP 17th-century Paris)))))))))) , (NP-SBJ-1 Mr. Wilbur) (VP concentrated (NP his formidable artistry) (PP-CLR on (S-NOM (NP-SBJ *-1) (VP rendering (NP the Alexandrine French verse) (PP-CLR into (NP (ADJP sprightly and theatrical) English iambic pentameter)))))) .)) (TOP (S (NP-SBJ The Wilbur translation) (VP is (ADJP-PRD (ADJP remarkable) -- (ADJP (ADJP well worth (NP a read)) and (ADJP (ADJP even better) (S (NP-SBJ-1 *) (VP seen (NP *-1) (PP-LOC in (NP the theater)) (SBAR-ADV if (S (NP-SBJ you) (ADVP-TMP ever) (VP have (NP the opportunity)))))))))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ-1 you) (VP happen (S (NP-SBJ *-1) (VP to (VP be (VP coming (PP-DIR to (NP Chicago)) (PP-TMP in (NP the next few weeks))))))))) , (NP-SBJ-2 *) (VP do n't (VP fail (S (NP-SBJ *-2) (VP to (VP have (NP-CLR a look) (PP-CLR at (NP (NP Robert Falls 's) `` (NX-TTL The Misanthrope) '' (PP-LOC at (NP the Goodman))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ (NP Mr. Wilbur 's) translation) (VP is (NP-PRD (NP a (ADJP finely ground) lens) (SBAR (WHPP-1 through (WHNP which)) (S (NP-SBJ we) (VP see (NP (NP the pettiness and corruption) (PP of (NP 17th-century Paris))) (PP *T*-1)))))))) , (NP-SBJ (NP Mr. Falls 's) production) (VP is (NP-PRD (NP a mirror) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ we) (VP see (NP ourselves) (PP-LOC *T*-2)))))) .)) (TOP (S (NP-SBJ (NP Mr. Falls) , (NP (NP the Goodman 's) artistic director) ,) (VP (VP took (NP (NP a recent adaptation) (PP by (NP Neil Bartlett)))) and (VP (ADVP-MNR significantly) adapted (NP it))) .)) (TOP (S (NP-SBJ Mr. Bartlett) (VP had (VP (VP slimmed (NP (NP (NP Moliere 's) cast) (PP of (NP characters))) (PP-CLR to (NP six))) and (VP set (NP them) (PP-LOC-CLR in (NP (NP the London media world) (PP of (NP Thatcherite Britain))))))) .)) (TOP (S (NP-SBJ Mr. Falls) (VP (VP transfers (NP the setting) (PP-DIR to (NP Hollywood))) , and (VP transforms (NP the characters) (PP-CLR into (NP (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP passes (PP-CLR for (NP aristocracy)) (ADVP-LOC there)))) -- (NP agents , producers , actors , writers and sycophants))))) .)) (TOP (S (NP-SBJ It) (VP works) .)) (TOP (S (NP-SBJ-1 Mr. Bartlett) (VP managed (S (NP-SBJ *-1) (VP to (VP (ADVP more or less) maintain (NP (NP (NP Moliere 's) Alexandrine verse form) , (NP (NP (ADJP 12 syllable) lines) (PP-LOC in (NP rhyming couplets)))))))) .)) (TOP (S (NP-SBJ Mr. Falls) (VP (VP kept (NP the form)) , but (VP Americanized (NP it) (PP with (NP (NP Mr. Bartlett 's) further help)))) .)) (TOP (S (PP With (NP (NP a splendid cast) (VP led (NP *) (PP by (NP-LGS (NP (NP David Darlow) (PP as (NP Alceste))) , (NP (NP Christina Haag) (PP as (NP Celimene))) and , especially , (NP (NP William Brown) (PP as (NP (NP a Philinte) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP plays (NP the Hollywood game)) but (VP harbors (NP authentic values and feelings))))))))))))) , (NP-SBJ the Goodman production) (VP barrels (PP-CLR through (NP an all-night Hollywood party)) (PP with (NP exuberance and wit))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ (NP this version) , (PP with (NP (NP its references) (PP to (NP (NP Steven Spielberg) , (NP Spago) and `` (NP-TTL thirtysomething) ''))))) (VP attracts (NP (NP younger audiences) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP might (VP stay (ADVP-CLR away (PP from (NP the classical version))))))))))) , (ADVP then) (NP-SBJ-2 Messrs. Bartlett and Falls) (VP are (ADJP-PRD justified) (PP in (S-NOM (NP-SBJ *-2) (VP abandoning (NP Mr. Wilbur))))) .)) (TOP (S (NP-SBJ A 300-year-old play) (VP may (VP be (ADJP-PRD (ADJP easier (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP revive (NP *T*-1)))))) (PP than (NP (NP one) (NP (QP merely 25))))))) .)) (TOP (S (NP-SBJ (NP The Steppenwolf Theatre Company) , (ADVP back (PP from (NP (NP a (UCP critical and box office) success) (PP-LOC in (NP London)) (PP with (NP (NP its adaptation) (PP of (NP (NP Steinbeck 's) `` (NX-TTL (NX The Grapes) (PP of (NP Wrath)))))))))) , '') (VP opened (NP the new season) (PP with (NP (NP (NP Harold Pinter 's) `` (NX-TTL The Homecoming)) , '' (VP (ADVP-TMP first) produced (NP *) (PP by (NP-LGS the Royal Shakespeare Company)) (PP-TMP in (NP 1965)))))) .)) (TOP (S (ADVP-TMP Back then) , (NP-SBJ Mr. Pinter) (VP was (NP-PRD (CONJP not only) (NP the angry young British playwright) , (CONJP but also) (NP (NP the first) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP use (NP (NP silences) and (NP sentence fragments) and (NP menacing stares)) , (PP (ADVP almost) to (NP (NP the exclusion) (PP of (SBAR-NOM (WHNP-2 what) (S (NP-SBJ we) (ADVP-TMP previously) (VP understood (S (NP-SBJ *T*-2) (VP to (VP be (NP-PRD theatrical dialogue))))))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S `` (NP-TTL-SBJ The Homecoming) '' (VP was (ADVP-TMP first) (VP produced (PP-LOC on (NP (NP this side) (PP of (NP the Atlantic)))) (ADVP-TMP *T*-1))))) , (NP-SBJ actors and directors) (VP were (ADJP-PRD reverential)) .)) (TOP (S (S (NP-SBJ Silences) (VP were (ADJP-PRD lengthy))) -- (S (NP-SBJ nobody) (VP moved or gestured)) .)) (TOP (S (S (NP-SBJ Nobody) (VP smiled (ADVP-LOC onstage))) , and (S (NP-SBJ-1 (NP nobody) (PP-LOC in (NP the audience))) (VP was (VP encouraged (S (NP-SBJ *-1) (VP to (VP laugh)))))) .)) (TOP (S (NP-SBJ (NP This kind) (PP of (NP theater))) (VP was (ADJP-PRD new) (PP to (NP us))) .)) (TOP (S (ADVP Also) , (NP-SBJ it) (VP was not (NP-PRD a funny time) (ADVP-LOC over here) , (PP (X what) with (NP (NP the Vietnam War) , (NP the '68 Democratic convention) , (NP assassinations) and (NP riots)))) .)) (TOP (S But (PP-LOC under (NP (NP Jerry Perry 's) direction)) (NP-SBJ (NP the current Steppenwolf production) , (VP scheduled (S (NP-SBJ *) (VP to (VP play (PP-TMP through (NP Nov. 19)))))) ,) (VP breaks (PP-CLR through (NP (NP the (ADJP flat and boring) ritual) (SBAR (WHNP-1 that) (S `` (NP-TTL-SBJ The Homecoming) '' (VP had (VP become (NP-PRD *T*-1)))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Led (NP *-2) (PP by (NP-LGS (NP a near-perfect performance) (PP by (NP (NP Alan Wilder) (PP as (NP (NP Max) , (NP the father))))))))) , (NP-SBJ-1 the play) (VP is (ADVP-TMP at once) (NP-PRD (NP an (ADJP appalling and hilarious) dissection) (PP of (NP (NP a family 's) rage , bitterness , fear and isolation)))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Encouraged (NP *-1) (PP by (NP-LGS (NP Mr. Wilder 's) (NX (NX sly grins) , (NX embarrassed grimaces) and (NX sputtering rages)))))) , (NP-SBJ-2 the audience) (VP (VP gets (NP the joke)) and (VP begins (S (NP-SBJ *-2) (VP to (VP laugh))) (PP-TMP before (NP (NP the end) (PP of (NP the first act)))))) .)) (TOP (S (S (NP-SBJ (NP Three) (PP of (NP the family members)) , (NP (NP Max) and (NP (NP his two sons) , (NP Lenny and Joey))) ,) (VP live (PP-CLR off (NP the flesh)))) : (S (S (NP-SBJ Max) (VP is (NP-PRD-1 a retired butcher))) , (S (NP-SBJ Lenny) (NP-PRD=1 a pimp)) and (S (NP-SBJ Joey) (NP-PRD=1 an aspiring boxer))) .)) (TOP (S (NP-SBJ-1 (NP Sam) , (NP (NP Max 's) brother) ,) (VP has (VP escaped (NP the flesh) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP (VP working (PP-CLR as (NP a liveried chauffeur))) and (VP (ADVP-TMP never) seeking (NP a wife))))))) .)) (TOP (S (NP-SBJ-1 (NP Teddy) , (NP (NP the eldest) (PP of (NP (NP Max 's) sons))) ,) (VP has (VP made (NP the (ADJP most dramatic) escape) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP becoming (NP (NP a professor) (PP of (NP philosophy)) (PP-LOC at (NP an American university)))))))) .)) (TOP (S (SBAR-ADV Though (S-CLF (NP-SBJ it) (VP 's (ADVP clearly) (NP-PRD (NP Max 's) wife) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP held (NP-CLR sway) (ADVP-LOC here) (PP-TMP until (NP her death)))))))) , (ADVP-TMP now) (NP-SBJ (NP none) (PP of (NP (NP the other male residents) (PP of (NP this misbegotten household))))) (VP can (VP challenge (NP Max))) .)) (TOP (S (NP-SBJ The play) (VP concerns (NP (NP (NP Teddy 's) homecoming) (PP with (NP (NP (NP his wife) (PP of (NP six years))) , (NP Ruth))))) .)) (TOP (S (ADVP Curiously) , (NP-SBJ (NP Randall Arney) (PP as (NP Teddy))) (VP seems (NP-PRD (NP the only cast member) (ADJP unable (S (NP-SBJ *) (VP to (VP get (PP-DIR beyond (NP (NP the zombie approach) (PP to (NP a Pinter character)))))))))) .)) (TOP (S (PP As (NP Ruth)) , (NP-SBJ-2 (NP Moira Harris) , (NP (NP a (ADJP large and beautiful) woman) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP may (VP be (NP-PRD our next Colleen Dewhurst)))))) ,) (VP begins (ADVP-TMP almost immediately) (S (NP-SBJ *-2) (VP to (VP overpower (NP (NP each) (PP of (NP the men))))))) .)) (TOP (S (PP-TMP In (NP the end)) , (NP-SBJ-1 Teddy) (VP returns (ADVP alone) (PP-DIR to (NP America)) , (S-ADV (NP-SBJ *-1) (VP leaving (NP Ruth) (PP-LOC-CLR in (NP (NP Max 's) chair))))) .)) (TOP (S (NP-SBJ We) (VP have (VP seen (NP her) (VP develop (PP-TMP within (NP a few hours)) (PP-CLR (PP from (NP a (ADJP shy and unknown) in-law))) (PP-CLR to (NP (NP a goddess) (PP of (NP the flesh)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP (VP replace (NP the dead mother)) , (FRAG and then (NP some))))))))))) .)) (TOP (S (SBAR-TMP While (S (NP-SBJ Steppenwolf) (VP was (PP-LOC-PRD in (NP London)) (PP with `` (NP-TTL (NP The Grapes) (PP of (NP Wrath))))))) , '' (NP-SBJ-1 (NP Bruce Sagan) , (NP (NP the president) (PP of (NP (NP its board) (PP of (NP directors))))) ,) (VP (ADVP-MNR quietly) returned (PP-DIR to (NP Chicago)) (S-PRP (NP-SBJ *-1) (VP to (VP buy (NP (NP a piece) (PP of (NP real estate)) (PP-LOC in (NP (NP the city 's) (ADJP rapidly reviving) North Halsted Street restaurant and theater district))))))) .)) (TOP (S (PP-TMP Within (NP a year)) (NP-SBJ he) (VP hopes (SBAR 0 (S (NP-SBJ Steppenwolf) (VP will (VP move (PP-DIR into (NP (NP a new 500-seat theater) (PP-LOC on (NP that site))))))))) .)) (TOP (S (NP-SBJ The troupe) (ADVP-TMP currently) (VP performs (PP-LOC in (NP (NP a converted dairy) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP seats (NP 211)) and (VP provides (NP (NP little capacity) (PP for (S-NOM (NP-SBJ *) (VP staging (NP (NP anything) (PP beyond (NP a simple one-set production)))))))))))))) .)) (TOP (S-3 `` (SBAR-ADV If (S (NP-SBJ-2 we) (VP wanted (S (NP-SBJ *-2) (VP to (VP stage ` (NP-TTL (NP Death) (PP of (NP a Salesman))))))))) (PRN , ' `` (S (NP-SBJ Mr. Sagan) (VP says (S *T*-3))) ,) `` (NP-SBJ-1 Willie Loman) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP live (PP-LOC-CLR in (NP a ranch house))))) (PP-PRP because of (NP the low ceiling)))) . '')) (TOP (S (NP-SBJ Steppenwolf) (VP needs (NP the extra seats) (ADVP (ADVP even more) (PP than (NP the fly space)))) .)) (TOP (S (NP-SBJ-3 It) (VP 's (ADVP-TMP currently) (VP forced (S (NP-SBJ *-3) (VP to (VP turn (PRT away) (NP-PRD (NP many potential subscribers) (PP beyond (NP (NP the 13,000) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP can (VP be (VP accommodated (NP *-1) (PP-LOC in (NP its present digs))))))))))))))) .)) (TOP (S (PP For (NP (NP all the attention) (SBAR (WHNP-2 that) (S (NP-SBJ Chicago theater) (VP has (VP received (NP *T*-2) (PP-TMP during (NP the past decade)))))))) , (NP-SBJ-1 (QP not one) new building) (VP has (VP been (VP devoted (NP *-1) (PP-CLR to (NP it))))) .)) (TOP (S (NP-SBJ (NP Mr. Sagan) , (NP a former (NX (NX publisher) and (NX real estate developer))) ,) (VP has (VP put (ADVP-CLR together) (NP (NP an (ADJP (QP $ 8 million) *U*) financial package) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (NP (NP (NP (NP (QP approximately $ 4 million) *U*) (PP of (NP (NP tax exempt bonds) (VP issued (NP *) (PP by (NP-LGS (NP the State) (PP of (NP Illinois)))))))) (PRN -LRB- (NP the first time (SBAR that (S (NP-SBJ a state) (VP has (VP used (NP-2 its educational facilities authority) (S-CLR (NP-SBJ *-2) (VP to (VP support (NP (NP construction) (PP of (NP a theater))))))))))) -RRB-)) , and (NP (NP (QP approximately $ 1 million) *U*) (PP-LOC in (NP (NP grants) (PP from (NP (NP (NP the National Endowment) (PP for (NP the Arts))) , (NP the MacArthur Foundation) , and (NP a few other deep pockets))))))))))))) .)) (TOP (S-2 (NP-SBJ-1 The rest) (PRN , (S (NP-SBJ he) (VP is (ADJP-PRD confident (SBAR 0 (S *T*-2))))) ,) (VP can (VP be (VP raised (NP *-1)))) .)) (TOP (S (S (NP-SBJ (NP His board members) (ADJP alone)) (VP have (VP pledged (NP $ 800,000 *U*)))) and (S (NP-SBJ-1 he) (VP is (VP (ADVP just) beginning (S (NP-SBJ *-1) (VP to (VP massage (NP local foundations and corporations))))))) .)) (TOP (S (NP-SBJ Mr. Sagan) (VP compares (NP (NP the importance) (PP of (NP Steppenwolf))) (PP-CLR with (NP (NP (NP Orson Welles 's) Mercury Theater) (PP-TMP in (NP the '30s))))) .)) (TOP (S But (NP-SBJ-1 (NP Welles 's) theater company) (VP turned (PRT out) (S (NP-SBJ *-1) (VP to (VP have (NP a brief (PRN -- (S (NP-SBJ one) (VP might (VP say (FRAG a mercurial)))) --) existence))))) .)) (TOP (SBARQ (WHNP-1 What) (SQ will (NP-SBJ Mr. Sagan) (VP do (NP *T*-1) (PP with (NP his new theater building)) (SBAR-ADV if (S (S (NP-SBJ (NP the allure) (PP of (NP Hollywood and Broadway))) (VP proves (NP-PRD (NP too much) (PP for (NP (NP such Steppenwolf stalwarts) (PP as (NP (NP (NP John Malkovich) (PRN -LRB- `` (NP-TTL Dangerous Liaisons) '' -RRB-)) , (NP (NP Joan Allen) (PRN -LRB- `` (NP-TTL The Heidi Chronicles) '' -RRB-)) , and (NP (NP Glenne Headly) (PRN -LRB- `` (NP-TTL Lonesome Dove) '' -RRB-))))))))) , and (S (NP-SBJ the company) (VP crumbles)))))) ?)) (TOP (S `` (S-TPC-1 (NP-SBJ That) (VP 's (ADJP-PRD OK))) , '' (NP-SBJ Mr. Sagan) (VP replies (S *T*-1)) .)) (TOP (S `` (NP-SBJ *) (VP Let (S (NP-SBJ this building) (VP be (NP-PRD (NP (NP Steppenwolf 's) legacy) (PP to (NP Chicago theater)))))) . '')) (TOP (S (NP-SBJ Mr. Henning) (VP is (NP-PRD (NP a Chicago-based law firm management consultant) and (NP a writer))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP enduring (NP (NP three days) (PP of (NP heavy selling)))))) , (NP-SBJ-1 the beleaguered Nasdaq over-the-counter market) (ADVP finally) (VP rebounded , (S-ADV (NP-SBJ *-1) (VP rising (ADVP-MNR sharply) (PP-LOC in (NP hearty trading))))) .)) (TOP (S (NP-SBJ The Nasdaq Composite Index) (VP jumped (NP-EXT (NP 0.7 %) , or (NP 3.35) ,) (PP-DIR to (NP 463.28))) .)) (TOP (S (NP-SBJ It) (VP rose (NP-EXT (NP more) (PP than (NP (NP the New York Stock Exchange Composite) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP improved (NP-EXT 0.2 %)))))))) .)) (TOP (S (PP-LOC Among (NP bigger stocks)) , (NP-SBJ the Nasdaq 100 Index) (VP rose (NP-EXT (NP 1 %) , or (NP 4.56) ,) (PP-DIR to (NP 453.05)) , (SBAR-ADV while (S (NP-SBJ the Dow Jones Industrial Average) (VP was (ADVP-PRD up (NP 0.2 %)))))) .)) (TOP (S (NP-SBJ (NP Richard Bruno) , (NP (NP head) (PP of (NP OTC trading)) (PP-LOC at (NP PaineWebber))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the OTC market) (VP has (NP (NP a habit) (PP of (S-NOM (NP-SBJ *-1) (VP lagging (NP (NP big moves) (PP-LOC on (NP the New York Stock Exchange))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the industrial average) (VP rallied (PP-TMP on (NP Monday)) (PP-TMP following (NP (NP last Friday 's) collapse))))) , (NP-SBJ (NP the OTC market) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP did n't (VP suffer (ADVP-MNR too badly) (PP-TMP during (NP the correction)))))) ,) (VP tumbled) .)) (TOP (S `` (S-TPC-2 (NP-SBJ Our market) (VP got (VP hit (ADVP-MNR (ADVP (NP a lot) harder) (PP *ICH*-1)) (PP-TMP on (NP Monday)) (PP-1 than (NP the listed market))))) , '' (NP-SBJ Mr. Bruno) (VP said (S *T*-2)) .)) (TOP (S `` (NP-SBJ We) (VP 're (VP (VP (ADVP just) recovering) and (VP getting (ADVP-DIR back (PP to (NP (NP business) (ADJP as usual))))))) .)) (TOP (S (NP-SBJ-1 I) (VP 'm (VP encouraged (NP *-1) (PP by (NP-LGS the action)))) . '')) (TOP (S (NP-SBJ The trading pace) (VP was (ADJP-PRD busy) , (PP with (S-NOM (NP-SBJ (NP 4,343 issues) and (NP (QP 147.6 million) shares)) (VP changing (NP hands))))) .)) (TOP (S (NP-SBJ Advancing issues) (VP beat (NP declining ones) , (ADVP 1,271 to 811)) .)) (TOP (S (NP-SBJ (NP Much) (PP of (NP (NP the jockeying) (PP by (NP OTC traders and investors))))) (VP centered (PP-CLR on (NP (NP shares) (PP of (NP (NP companies) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP might (VP be (VP (ADVP-MNR financially) affected (NP *-1) (PP by (NP-LGS (NP damage) (PP from (NP (NP the devastating earthquake) (PP-LOC in (NP northern California)))))))))))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ investors) (VP speculated (PP-CLR about (NP the (ADJP long - and short-term) implications))))) , (NP-SBJ-1 (NP shares) (PP of (NP (NP a number) (PP of (NP (NP companies) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP might (VP either (VP profit) or (VP face (NP problems)) (PP-PRP because of (NP the disaster))))))))))) (VP were (VP (ADVP-MNR actively) traded (NP *-1))) .)) (TOP (X (S-ADV (NP-SBJ *) (VP Heading (NP the list))) : (NP (NP insurance , construction and technology companies) (VP located (NP *) (PP-LOC-CLR in (NP the San Francisco Bay Area)))) .)) (TOP (S (NP-SBJ Insurance-related stocks) (VP were (ADJP-PRD mixed) (SBAR-ADV as (S (NP-SBJ-1 investors) (VP tried (S (NP-SBJ *-1) (VP to (VP figure (PRT out) (SBAR (WHADVP how) (S (NP-SBJ *) (VP to (VP assess (NP (NP the impact) (PP of (NP the (NX (NX property damage) and (NX deaths)))) (PP-LOC on (NP those concerns)))))))))))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ (NP property-casualty companies) (PP with (NP the heaviest exposure)) (PP-LOC in (NP the San Francisco area))) (VP include (NP (NP (NP the OTC 's) Safeco) and (NP Ohio Casualty)))))) .)) (TOP (S (NP-SBJ (NP Frank Gilmartin) , (NP (NP a trader) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP follows (NP insurance stocks) (PP-PRP for (NP Fox-Pitt Kelton)))))) ,) (VP said (SBAR 0 (S (NP-SBJ-2 his strategy) (VP was (S-PRD (NP-SBJ *-2) (VP to (VP sell (ADVP-TMP early)))))))) .)) (TOP (S Then , (SBAR-ADV if (S (NP-SBJ the stocks) (VP fell (ADVP-MNR sharply)))) , (NP-SBJ-3 he) (VP planned (S (NP-SBJ-4 *-3) (VP to (VP begin (S (NP-SBJ *-4) (VP buying (NP them) (ADVP-MNR aggressively)))))) , (PP on (NP the theory (SBAR that (S (NP-SBJ-5 (NP the companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP insure (PP-CLR against (NP (NP property damage) and (NP accidents))))))) (VP will (VP have (S (NP-SBJ-6 *-5) (VP to (VP raise (NP rates) (ADVP-TMP eventually) (S-PRP (NP-SBJ *-6) (VP to (VP compensate (PP-CLR for (NP (NP the claims) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP will (VP pay (NP *T*-2) (PP-DTV to (NP (NP earthquake victims) and (NP (NP victims) (PP of (NP (NP last month 's) Hurricane Hugo)))))))))))))))))))))))) .)) (TOP (S (ADVP As well) , (NP-SBJ (NP reinsurers) and (NP insurance brokerage companies)) (VP will (VP have (NP improved profits))) .)) (TOP (S (NP-SBJ Many investors) (VP expected (S (NP-SBJ (NP damage) (PP from (NP the hurricane))) (VP to (VP be (NP-PRD (NP the catalyst) (PP for (NP (NP higher rates) (PP-LOC in (NP (NP the industry) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP depressed (NP *-1) (PP-PRP because of (NP (NP low rates) (VP arising (PP-DIR from (NP intense competition))))))))))))))))))) .)) (TOP (S But (NP-SBJ Mr. Gilmartin) (VP said (SBAR 0 (S (NP-SBJ the hurricane damage) (VP was n't (ADJP-PRD extensive enough (S (NP-SBJ *) (VP to (VP prompt (NP premium boosts))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The companies) (ADVP-TMP just) (VP gave (PRT back) (SBAR-NOM (WHNP-2 what) (S (NP-SBJ they) (VP had (VP reserved (PP-PRP for (NP *T*-2)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (ADVP-TMP Now) , (S (NP-SBJ-1 they) (VP 'll (VP have (S (NP-SBJ-2 *-1) (VP to (VP increase (NP their coffers) (S-PRP (NP-SBJ *-2) (VP to (VP protect (PP-PRP for (NP the future))))))))))) and (S (NP-SBJ that) (VP means (NP rate increases))) . '')) (TOP (S (NP-SBJ Overall OTC insurance issues) (VP were (ADJP-PRD mixed)) .)) (TOP (S (NP-SBJ Safeco) (VP fell (NP-EXT 1/8) (PP-DIR to (NP (QP 32 5/8))) (PP on (NP 462,900 shares))) .)) (TOP (S (NP-SBJ Ohio Casualty) (VP rose (NP-EXT 1/4) (PP-DIR to (NP (QP 51 3/4))) (PP on (NP 137,200 shares))) .)) (TOP (S (NP-SBJ St. Paul Cos.) (VP jumped (NP-EXT 2) (PP-DIR to (NP (QP 59 3/4))) (PP on (NP 517,500 shares))) .)) (TOP (S (S (NP-SBJ Academy Insurance) (VP fell (NP-EXT 1/32) (PP-DIR to (NP (QP 1 3/16))))) ; but (S (NP-SBJ volume) (VP totaled (NP (QP 1.2 million) shares))) .)) (TOP (S (NP-SBJ The Nasdaq Insurance Index) (VP jumped (NP-EXT 4.15) (PP-DIR to (NP 529.32)) (PP on (NP the day)) , (SBAR-ADV while (S (NP-SBJ (NP the barometer) (PP of (NP big insurance and banking issues))) (VP climbed (NP-EXT 1.72) (PP-DIR to (NP 455.29)))))) .)) (TOP (S (NP-SBJ Investors) (VP expect (S (NP-SBJ (NP SunGard Data Systems) , (NP (NP a company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP provides (NP disaster recovery services) (PP-PRP for (NP computer-dependent businesses)))))) ,) (VP to (VP profit (PP-CLR from (NP the earthquake)))))) .)) (TOP (S (NP-SBJ (NP SunGard 's) stock) (VP rose (NP-EXT (QP 1 3/4)) (PP-DIR to (NP (QP 21 1/4))) (PP on (NP 194,000 shares))) .)) (TOP (S (NP-SBJ-1 (NP Shares) (PP of (NP (NP Kasler) , (NP a California road and bridge builder) ,))) (VP were (VP (ADVP-MNR heavily) traded (NP *-1) , (S-ADV (NP-SBJ *-1) (VP jumping (NP-EXT (QP 2 1/8)) (PP to (NP (QP 9 7/8))) (PP on (NP (QP 1.3 million) shares)))))) .)) (TOP (S (NP-SBJ Guy F. Atkinson) (VP added (NP 7/8) (PP-DIR to (NP (QP 16 7/8))) , (PP on (NP 335,700 shares))) .)) (TOP (S (NP-SBJ (NP The company) , (VP based (NP *) (PP-LOC-CLR in (NP San Francisco))) ,) (VP provides (NP industrial infrastructure engineering and construction services)) .)) (TOP (S (NP-SBJ Traders) (VP were (ADVP-TMP initially) (ADJP-PRD nervous) (PP about (NP (NP shares) (PP of (NP (NP companies) , (PP including (NP (NP many leading OTC computer companies) , (PP such as (NP Apple Computer)))) (PP with (NP (NP offices) (PP-LOC in (NP (NP the vicinity) (PP of (NP (NP the area) (VP damaged (NP *) (PP by (NP-LGS the quake)))))))))))))) .)) (TOP (S But (NP-SBJ (NP most) (PP of (NP those stocks))) (VP fared (ADVP-MNR well)) .)) (TOP (S (S (NP-SBJ Apple Computer) (VP gained (NP 1) (PP-DIR to (NP (QP 48 1/4))))) ; (S (NP-SBJ Ashton-Tate) (VP rose (NP-EXT 3/8) (PP-DIR to (NP (QP 10 3/8))))) .)) (TOP (S (NP-SBJ Intel) (ADVP also) (VP added (NP 3/8) (PP-DIR to (NP (QP 33 7/8)))) .)) (TOP (S But (NP-SBJ Sun Microsystems) (VP slipped (NP-EXT 1/4) (PP-DIR to (NP (QP 17 1/4)))) .)) (TOP (S (NP-SBJ (NP Shares) (PP of (NP (NP biotechnology companies) (PP-LOC in (NP the area))))) (VP were (ADVP also) (ADJP-PRD higher)) .)) (TOP (S (S (NP-SBJ Chiron) (VP was (ADVP-PRD up (NP 1/2) (PP to (NP 27))))) and (S (NP-SBJ Cetus) (VP gained (NP 1/2) (PP-DIR to (NP (QP 16 3/8))))) .)) (TOP (S (NP-SBJ (NP The stocks) (PP of (NP (NP computer-related companies) (VP located (NP *) (PP-LOC-CLR outside (NP California)))))) (VP improved , (ADVP too)) .)) (TOP (S (S (NP-SBJ Microsoft) (VP advanced (NP-EXT (QP 1 7/8)) (PP-DIR to (NP (QP 80 1/2))))) and (S (NP-SBJ Lotus Development) (VP added (NP (QP 1 1/4)) (PP-DIR to (NP (QP 32 1/2))))) .)) (TOP (S (PP-LOC In (NP other earthquake-related news)) , (S (NP-SBJ-1 (NP Hambrecht & Quist 's) OTC market makers) (VP were (VP excused (NP *-1) (PP-CLR from (NP trading)) (NP-TMP yesterday)))) and (S (NP-SBJ-2 its positions) (VP were (VP frozen (NP *-2) (PP-TMP for (NP the day)) (PP by (NP-LGS (NP the National Association) (PP of (NP Securities Dealers))))))) .)) (TOP (S (NP-SBJ-1 Power) (VP could n't (VP be (VP restored (NP *-1) (PP-LOC at (NP (NP the company 's) San Francisco headquarters)) (S-PRP (NP-SBJ *) (VP to (VP allow (NP trading)))) (NP-TMP yesterday morning)))) .)) (TOP (S (PP-LOC In (NP New York)) , (NP-SBJ (NP Roger Killion) , (NP a Hambrecht executive vice president) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ (NP OTC trading) (PP at (NP the company))) (VP to (VP resume (NP-TMP this morning) , (PP-LOC either (PP in (NP New York)) or (PP in (NP San Francisco)))))))))) .)) (TOP (S (PP-LOC In (NP other trading)) , (NP-SBJ-2 Medco Containment Services) (VP gained (NP 7/8) (PP-DIR to (NP 15)) (PP on (NP (QP 1.9 million) shares)) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP reporting (NP (NP a loss) (PP for (NP (NP the first quarter) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP ended (NP-TMP Sept. 30))))))))))) .)) (TOP (S (NP-SBJ The company) (VP earned (NP (QP $ 6.6 million) *U*) (PP-TMP in (NP the year-earlier quarter))) .)) (TOP (S (NP-SBJ (NP Jaguar 's) American depositary receipts) (VP added (NP 3/8) (PP-DIR to (NP (QP 10 3/4))) (PP on (NP (NP volume) (PP of (NP (QP 1.1 million)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Analysts) (PP-LOC in (NP London))) (VP believe (SBAR 0 (S (NP-SBJ investors) , (PP despite (NP their stampede (S (NP-SBJ *) (VP to (VP dump (NP takeover stocks)))))) , (VP should (VP hold (PRT on) (ADVP-MNR tight) (PP-CLR to (NP their Jaguar shares)))))))) , (NP-SBJ (NP this newspaper 's) (VP-TTL Heard (NP *) (PP-LOC on (NP the Street))) column) (VP said (SBAR 0 (S *T*-1)) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ Amgen) (VP rose (NP-EXT (QP 1 1/2)) (PP-DIR to (NP (QP 50 3/4))) (PP-LOC in (NP heavy trading))) .)) (TOP (S (NP-SBJ Analysts) (VP figure (SBAR 0 (S (NP-SBJ Amgen) (VP could (VP benefit (PP-PRP as (NP (NP a result) (PP of (NP (NP troubles) (VP facing (NP (NP its competitor) , (NP Genetics Institute) ,)) (PP over (NP (NP the anti-anemia drug) (NP EPO)))))))))))) .)) (TOP (S (NP-SBJ Genetics Institute) (VP disclosed (ADVP-TMP recently) (SBAR that (S (NP-SBJ-1 it) (VP is (VP embroiled (NP *-1) (PP-LOC-CLR in (NP (NP a dispute) (PP with (NP (NP Boehringer Mannheim) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP distributes (NP the drug)))) ,)) (VP regarding (NP (NP the usability) (PP of (NP some batches))))))))))) .)) (TOP (S (NP-SBJ (NP Ciba-Geigy Ltd.) and (NP Chiron Corp.)) (VP said (SBAR 0 (S (NP-SBJ they) (VP extended (NP (NP their offer) (PP for (NP Connaught BioSciences Inc.)) , (VP valued (NP *) (PP-CLR at (NP (NP (QP 866 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 736 million) *U*) -RRB-))))) (PP-DIR to (NP Oct. 27)))))) .)) (TOP (S (NP-SBJ The companies) (ADVP-TMP earlier) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP did n't (VP want (S (NP-SBJ-2 *-1) (VP to (VP raise (NP their offer) (S-PRP (NP-SBJ *-2) (VP to (VP match (NP (NP a rival bid) (PP by (NP Institut Merieux S.A.)) (PP of (NP (NP (NP C$ 37 *U*) (NP-ADV a share)) , or (NP (QP C$ 942 million) *U*))))))))))))))) .)) (TOP (S But (NP-SBJ they) (VP said (SBAR 0 (S (NP-SBJ-3 (NP the (ADJP C$ 30-a-share *U*) bid) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP was (ADJP-PRD due (S (NP-SBJ *-2) (VP to (VP expire (NP-TMP Monday)))))))) ,) (VP may (ADVP-TMP still) (VP be (VP extended or varied (NP *-3))))))) .)) (TOP (S (NP-SBJ (NP Merieux) , (NP (NP a vaccine manufacturer) (VP based (NP *) (PP-LOC-CLR in (NP (NP Lyon) , (NP France) ,))))) (VP is (ADJP-PRD 51%-held (PP by (NP French state-owned Rhone-Poulenc S.A)))) .)) (TOP (S (NP-SBJ Ciba-Geigy) (VP is (NP-PRD (NP a major pharmaceutical concern) (VP based (NP *) (PP-LOC-CLR in (NP (NP Basel) , (NP Switzerland)))))) .)) (TOP (S (NP-SBJ-1 (NP Chiron) , (NP another pharmaceutical concern) ,) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Emeryville) , (NP Calif))))) .)) (TOP (S (NP-SBJ Connaught) (VP is (NP-PRD a biotechnology research and vaccine manufacturing concern)) .)) (TOP (S (NP-SBJ (NP (NP Institut Merieux 's) bid) (PP for (NP Toronto-based Connaught))) (VP has (VP run (PP-DIR into (NP (NP problems) (PP with (NP (NP the Canadian government) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP told (NP Merieux) (NP-TMP last week) (SBAR that (S (NP-SBJ-2 it) (VP was n't (VP convinced (NP *-2) (SBAR that (S (NP-SBJ the proposed acquisition) (VP would (VP be (PP-PRD of (NP `` (NP net benefit) '' (PP to (NP Canada))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Merieux officials) (VP are (VP expected (S (NP-SBJ-2 *-1) (VP to (VP meet (PP-CLR with (NP federal officials)) (PP-LOC in (NP Ottawa)) (NP-TMP today) (S-PRP (NP-SBJ *-2) (VP to (VP discuss (NP the decision))))))))) .)) (TOP (S (PP-TMP Within (NP minutes)) (SBAR-TMP after (S (NP-SBJ the stock market) (VP closed))) (NP-TMP Friday) , (NP-SBJ I) (VP (VP called (NP (NP Sen. Bill Bradley) (PP of (NP New Jersey)))) , (VP advised (NP him) (SBAR that (S (NP-SBJ the Dow Jones Industrial Average) (VP had (VP declined (PP-EXT by (NP 190 points)) (NP-TMP late that afternoon)))))) , and (VP (ADVP-MNR cheerfully) informed (NP him) (SBAR that (S (NP-SBJ-1 (NP he) and (NP his fellow Democrats)) (VP were (S-PRD (NP-SBJ-2 *-1) (VP to (VP blame (NP *-2))))))))) .)) (TOP (S (NP-SBJ They) (VP had (VP dealt (NP a major setback) (NP-TMP that afternoon) (PP-DTV to (NP (NP (NP President Bush 's) capital-gains tax cut proposal) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP seemed (PP-LOC-PRD in (NP the bag)) (SBAR-TMP after (S (NP-SBJ it) (VP passed (NP the House) (ADVP-MNR overwhelmingly) (ADVP-TMP earlier (PP in (NP the month)))))))))))))) .)) (TOP (S (NP-SBJ Sen. Bradley) (VP has (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (PP-LOC-PRD in (NP his mind)) (SBAR-2 that (S (NP-SBJ such a tax cut) (VP would (VP unravel (NP (NP the tax reform) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP helped (VP engineer (NP *T*-1) (PP-TMP in (NP 1986))))))))))))) .)) (TOP (S But (NP-SBJ he) (VP knows (SBAR that (S (NP-SBJ-1 (NP (QP as many as 20)) (PP of (NP his fellow Democrats))) (VP are (VP disposed (S (NP-SBJ *-1) (VP to (VP vote (PP-CLR for (NP (NP the cut) , (ADJP popular (PP-LOC among (NP their constituents))))))))))))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ he) (VP took (NP (NP the lead) (PP in (S-NOM (NP-SBJ *) (VP arguing (SBAR that (S (NP-SBJ-1 the cut) (VP should (VP be (VP blocked (NP *-1) (PP-PRP on (NP procedural grounds)))))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP helped (S (NP-SBJ *-1) (VP persuade (NP-2 (NP 10) (PP of (NP these senators))) (S (NP-SBJ *-2) (VP to (VP support (NP (NP him) and (NP Majority Leader George Mitchell)) (PP-PRP on (NP these grounds)))))))) .)) (TOP (S (S (NP-SBJ-2 The budget reconciliation) (VP had (S (NP-SBJ-1 *-2) (VP to (VP be (VP dealt (PP-CLR with (NP *-1)) (PP-TMP by (NP the Oct. 15 deadline)))))))) , and (S (NP-SBJ-3 these Senate Democrats) (VP refused (S (NP-SBJ-4 *-3) (VP to (VP agree (S (NP-SBJ *-4) (VP to (VP allow (NP (NP a vote) (SBAR (WHNP-5 0) (S (NP-SBJ *T*-5) (VP to (VP append (NP capital gains) (PP-CLR to (NP the budget bill))))))))))))) , (S-ADV (NP-SBJ *-3) (VP knowing (SBAR 0 (S (NP-SBJ it) (VP would (VP pass)))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Denied (NP (NP a vote) (PP on (NP substance))))) , (NP-SBJ-1 (NP the GOP leadership) (PP-LOC in (NP the Senate))) (PP-TMP on (NP Friday morning)) (VP was (VP confronted (NP *-1) (PP-CLR with (NP a hard choice)))) .)) (TOP (S (S (NP-SBJ-2 It) (VP could (VP (VP throw (PRT in) (NP the towel)) and (VP hope (S (NP-SBJ *-2) (VP to (VP win (PP on (NP capital gains)) (NP-TMP late this month)))))))) , or (S (NP-SBJ it) (VP could (VP follow (NP (NP the White House strategy) , (S (NP-SBJ *) (VP to (VP veto (NP reconciliation) (SBAR-ADV unless (S (NP-SBJ-1 capital gains) (VP was (VP appended (NP *-1)))))))))))) .)) (TOP (S (NP-SBJ (NP The U.S. Chamber) (PP of (NP Commerce))) (VP has (VP been (PP-LOC-PRD in (NP the forefront)) (PP in (S-NOM (NP-SBJ *) (VP supporting (NP the Bush proposal)))))) .)) (TOP (S (NP-SBJ-1 It) (VP endorsed (NP the White House strategy) , (S-ADV (NP-SBJ *-1) (VP believing (S (NP-SBJ it) (VP to (VP be (NP-PRD (NP the surest way) (PP to (NP victory))))))))) .)) (TOP (S (PP-TMP At (NP noon)) (NP-TMP Friday) , (NP-SBJ a senior White House official) (VP advised (NP (NP Richard Rahn) , (NP (NP the Chamber 's) chief economist) ,) (SBAR that (S (NP-SBJ the White House) (VP would not (VP agree (PP-CLR to (NP a budget reconciliation bill)) (SBAR-ADV unless (S (NP-SBJ it) (VP had (NP firm assurances (SBAR that (S (NP-SBJ-1 (NP a vote) (PP on (NP substance))) (VP would (VP be (VP permitted (NP *-1) (PP-LOC in (NP the Senate)))))))))))))))) .)) (TOP (S (ADVP-TMP (NP Two hours) later) , (NP-SBJ the first word (SBAR *ICH*-1)) (VP emerged (PP-LOC on (NP Capitol Hill)) (SBAR-1 that (S (NP-SBJ the administration) (VP had (VP agreed (PP-CLR to (NP reconciliation)) (PP with (NP (NP no such assurances) (PP from (NP Senate Democrats))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Rahn) (VP was (ADJP-PRD shocked) , (S-ADV (NP-SBJ *-1) (VP telephoning (NP (NP the office) (PP of (NP (NP Richard Darman) , (NP (NP (NP director) (PP of (NP (NP the Office) (PP of (NP Management and Budget))))) , and (NP (NP (NP the administration 's) chief strategist) (PP-LOC on (NP this issue)))))))))) .)) (TOP (S (NP-SBJ He) (VP left (NP (NP a message) (VP accusing (NP-1 Mr. Darman) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP selling (PRT out))))))) .)) (TOP (S-CLF (NP-SBJ It) (VP was (NP-PRD the Senate Republicans) , (ADVP though) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP edged (ADVP-DIR away (PP from (NP the veto strategy)))))))) .)) (TOP (S (NP-SBJ-2 The stock market) (VP reacted (SBAR-MNR as (S (NP-SBJ Mr. Rahn) (VP did (VP *?*)))) , (S-ADV (NP-SBJ *-2) (VP crumbling (SBAR-TMP as (S (NP-SBJ it) (VP absorbed (NP the news (SBAR that (S (NP-SBJ-1 (NP Mr. Darman 's) strategy) (VP had (VP been (VP abandoned (NP *-1))))))))))))) .)) (TOP (S (NP-SBJ The stock market) , (PP after (NP all)) , (VP represents (NP (NP the collective expectations) (PP about (NP (NP the value) (PP of (NP (NP the future income stream) (PP of (NP (NP the nation 's) capital stock)))) , (VP discounted (NP *) (PP-CLR to (NP present value))))))) .)) (TOP (SBARQ (WHADVP-2 Why) (SQ should (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP be (ADJP-PRD so surprising) (SBAR-1 that (S (NP-SBJ (NP a (ADJP 30 %) cut) (PP-LOC in (NP the capital-gains tax))) (VP would (VP have (NP (NP such an enormous impact) (PP-LOC on (NP (NP the value) (PP of (NP (NP the nation 's) capital stock))))))))) (ADVP-PRP *T*-2))) ?)) (TOP (S (NP-SBJ (NP The total value) (PP of (NP (ADJP privately held) assets))) (VP is (ADVP-MNR easily) (NP-PRD (QP more than $ 15 trillion) *U*)) .)) (TOP (S (NP-SBJ (NP The value) (VP traded (NP *) (PP-LOC on (NP the exchanges)))) (VP is (NP-PRD (QP close to $ 3 trillion) *U*)) .)) (TOP (SQ (SBAR-ADV If (S (NP-SBJ-1 (NP the tax) (PP-LOC on (NP (NP any gain) (PP to (NP those assets))))) (VP was (VP doubled (NP *-1))))) , would n't (NP-SBJ the value) (VP fall (PP-DIR to (NP (NP the owners) (PP of (NP the assets))))) ?)) (TOP (SQ Is n't (NP-SBJ (NP it) (S *EXP*-2)) (ADJP-PRD reasonable) (S-2 (NP-SBJ *) (VP to (VP assume (SBAR that (S (NP-SBJ (NP the asset) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP own (NP *T*-1))))) (VP would (VP be (ADJP-PRD worth (NP more)) (SBAR-ADV if (S (NP-SBJ the government) (VP (ADVP-MNR suddenly) announced (SBAR that (S (SBAR-ADV if (S (NP-SBJ you) (VP sold (NP it)))) , (NP-SBJ-3 you) (VP would (VP be (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP keep (NP (NP (ADJP 30 %) more) (PP of (NP its gain)) (SBAR than (S (NP-SBJ you) (ADVP-TMP previously) (VP believed (SBAR 0 (S *?*)))))))))))))))))))))))) ?)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP (NP the stock market 's) steady advance) (NP-TMP this year)) (VP tracked (PP-LOC with (NP (NP (NP President Bush 's) success) (PP-LOC in (S-NOM (NP-SBJ *) (VP advancing (NP his capital-gains proposal))))))) .)) (TOP (S (NP-SBJ (NP A (ADJP 30 %) cut) (PP-LOC in (NP (NP this year 's) capital gains)) (ADVP alone)) (VP amounts (PP-CLR to (NP (QP roughly $ 50 billion) *U*))) .)) (TOP (S (NP-SBJ We) (VP 're (VP talking (NP real money))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ Richard Rahn) (VP advised (NP the financial press) (SBAR that (S (NP-SBJ-1 the market crash) (VP was (VP caused (NP *-1) (PP by (NP-LGS (NP the setback) (PP to (NP capital gains)))))))) (ADVP-TMP *T*-2)))) , (NP-SBJ-3 he) (VP was (VP (VP (ADVP generally) ignored (NP *-3)) and (VP (ADVP-MNR mildly) ridiculed (NP *-3)))) .)) (TOP (S (ADVP Instead) , (NP-SBJ the press corps) (VP (ADVP-MNR readily) accepted (NP the notion (SBAR that (S (NP-SBJ (NP a snag) (PP-LOC in (NP (NP the takeover financing) (PP of (NP United Airlines))))) (VP (VP (ADVP instantly) knocked (NP 7 %) (PP-CLR off (NP (NP the value) (PP of (NP (NP the nation 's) capital stock))))) and (VP caused (NP convulsions) (PP-LOC around (NP the world)))))))) .)) (TOP (S (NP-SBJ Mr. Rahn) (VP was (VP pointing (PRT out) (NP (NP an elephant) (VP rumbling (PP-DIR through (NP Wall Street)))) (SBAR-ADV while (S (NP-SBJ conventional wisdom) (VP had (VP fastened (PP-CLR on (NP the UAL flea)))))))) .)) (TOP (SBARQ (WHADVP-1 Why) (SQ is (NP-SBJ this) (VP happening (ADVP-PRP *T*-1))) ?)) (TOP (S (PP For (NP one thing)) , (NP-SBJ (NP quite a number) (PP of (NP (NP the leading spokesmen) (PP-LOC on (NP Wall Street))))) (VP are not (NP-PRD (NP portfolio managers) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP understand (SBAR that (S (NP-SBJ-1 (NP the value) (PP of (NP assets))) (VP is (VP (ADVP-MNR greatly) affected (NP *-1) (PP by (SBAR-NOM-LGS (WHADVP-3 how) (S (NP-SBJ government) (VP taxes (NP those assets) (ADVP-MNR *T*-3)))))))))))))) .)) (TOP (S (NP-SBJ They) (VP are (NP-PRD (NP (NP economists) and (NP financial reporters)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sympathize (PP-CLR with (NP the view (SBAR that (S (NP-SBJ a capital-gains tax cut) (VP benefits (NP the rich))))))))))) .)) (TOP (S Yet (NP-SBJ they) (ADVP somehow) (VP think (SBAR that (S (NP-SBJ-2 Wall Street) (VP is (ADJP-PRD indifferent (PP to (S-NOM (NP-SBJ *-2) (VP losing (NP (NP the tax cut) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP seemed (ADVP-PRD so close) (NP-PRD Friday morning)) and (VP is (ADVP-TMP now) (ADJP-PRD problematic)))))))))))))) .)) (TOP (S (NP-SBJ The market rebound) (NP-TMP Monday) (VP followed (NP (NP weekend assurances (SBAR *ICH*-2)) (PP from (NP Mr. Darman)) (SBAR-2 that (S (NP-SBJ the administration) (VP has (NP (NP other plans) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP win (NP (NP the cut) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD alive and well))))) (ADVP *T*-3))))))))))) .)) (TOP (S (NP-SBJ (NP Sen. Bradley 's) argument) (VP is (SBAR-PRD that (S (NP-SBJ a capital-gains tax cut) (VP would (VP be (ADJP-PRD bad) (PP for (NP the economy)) (PP-TMP in (NP the longer run))))))) .)) (TOP (S-1 (NP-SBJ It) (VP would (ADVP inevitably) (VP lead (PP-DIR to (NP (NP an increase) (PP-LOC in (NP marginal income-tax rates)) (PP-TMP in (NP (NP 1990) (SBAR *ICH*-3))))) (PRN , (S (NP-SBJ he) (VP thinks (SBAR 0 (S *T*-1)))) ,) (SBAR-3 (WHADVP-5 when) (S (NP-SBJ-2 the White House) (VP is (VP forced (S (NP-SBJ *-2) (VP to (VP ask (PP-CLR for (NP (NP higher taxes) (SBAR (WHADVP-4 0) (S (NP-SBJ *) (VP to (VP meet (NP budget targets) (ADVP *T*-4)))))))))) (ADVP-TMP *T*-5))))))) .)) (TOP (S (INTJ That is) , (SBAR with (S (NP-SBJ-1 capital gains) (VP cut (NP *-1)))) , (S (NP-SBJ (NP the glue) (PP of (NP the 1986 accord))) (VP will (VP be (ADJP-PRD gone)))) , and (S (NP-SBJ political realities) (VP will (VP push (PRT up) (NP income-tax rates)))) .)) (TOP (S (NP-SBJ (NP The counter-argument) , (SBAR (WHNP-1 which) (S (NP-SBJ he) (VP has (VP heard (NP *T*-1))))) ,) (VP is (SBAR-PRD that (S (SBAR-ADV if (S (NP-SBJ-2 (NP he) and (NP his fellow Democrats)) (VP are (ADJP-PRD successful (PP in (S-NOM (NP-SBJ *-2) (VP killing (NP (NP the president 's) proposal)))))))) , (NP-SBJ the revenue gap) (VP will (VP open (PRT up) (ADVP-MNR tremendously) (PP-TMP in (NP 1990)) (PP-PRP because of (NP the weakened economy))))))) .)) (TOP (S (PP-LOC In (NP this atmosphere)) , (NP-SBJ there) (VP would (VP be (NP-PRD (NP no serious consideration) (PP of (NP tax increases))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ Sen. Bradley) (VP would (VP permit (NP (NP a vote) (PP on (NP capital gains))))))) , (ADVP though) , (S (NP-SBJ it) (VP would (VP pass))) , (S (NP-SBJ Christmas retail sales) (VP would (VP be (ADJP-PRD (ADJP strong) (CONJP instead of) (ADJP burdened (PP by (NP a falling stock market))))))) , (S (NP-SBJ the 1990 economy) (VP would (VP be (ADJP-PRD robust)))) , and (S (NP-SBJ (NP the revenue gains) (PP-LOC at (NP (NP every level) (PP of (NP government)) , (PP including (NP New Jersey 's)) ,))) (VP would (VP be (ADJP-PRD surprisingly high)))) .)) (TOP (S (NP-SBJ No tax increases) (VP would (VP be (ADJP-PRD necessary))) .)) (TOP (S (NP-SBJ (NP The struggle) (PP over (NP capital gains))) (VP is (NP-PRD (NP the most important game) (PP-LOC in (NP town)))) .)) (TOP (FRAG (PP-LOC (PP In (NP Washington)) and (PP on (NP Wall Street))) .)) (TOP (S (NP-SBJ Mr. Wanniski) (VP is (NP-PRD (NP president) (PP of (NP (NP Polyconomics Inc.) , (PP of (NP (NP Morristown) , (NP N.J))))))) .)) (TOP (S (NP-SBJ Federal prosecutors) (VP said (SBAR 0 (S (NP-SBJ they) (VP have (VP obtained (NP a guilty plea) (PP-CLR from (NP another person)) (PP-LOC in (NP (NP (NP the government 's) ongoing probe) (PP of (NP (NP illegal payments) (PP-LOC in (NP the record industry))))))))))) .)) (TOP (S (NP-SBJ (NP William Craig) , (NP an independent record promoter) ,) (VP pleaded (ADJP-PRD guilty (PP to (NP (NP payola) and (NP criminal tax charges)))) , (PP according (PP to (NP (NP a statement) (VP issued (NP *) (PP by (NP-LGS (NP Gary Feess) , (NP (NP the U.S. attorney) (ADVP-LOC here))))))))) .)) (TOP (S (NP-SBJ Payola) (VP is (NP-PRD (NP the practice) (PP of (S-NOM (NP-SBJ *) (VP making (NP illegal , undisclosed payments) (PP-CLR to (NP radio station personnel)) (PP in (NP (NP return) (PP for (S-NOM (NP-SBJ *) (VP getting (S (NP-SBJ the stations) (VP to (VP play (NP certain songs) (PP-LOC over (NP the air))))))))))))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP (NP his plea agreement) (PP with (NP the government)))))) , (NP-SBJ the 44-year-old Mr. Craig) (VP faces (NP (NP (QP a maximum of three) years) (PP-LOC in (NP prison)))) .)) (TOP (SINV (S-TPC-2 (PP In (NP return)) , (NP-SBJ-1 Mr. Craig) (VP agreed (S (NP-SBJ *-1) (VP to (VP cooperate (PP-LOC-CLR in (NP (NP the government 's) continuing payola probe))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP a spokeswoman) (PP for (NP (NP the U.S. attorney 's) office))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Craig) and (NP three others)) (VP were (VP indicted (NP *-1) (NP-TMP last year) (PP as (NP (NP part) (PP of (NP that payola probe)))))) .)) (TOP (S (S (NP-SBJ Two other defendants) (ADVP-TMP previously) (VP pleaded (ADJP-PRD guilty))) , and (S (NP-SBJ-1 (NP charges) (PP against (NP the third))) (VP were (VP dropped (NP *-1)))) .)) (TOP (S (NP-SBJ (NP Companies) (VP listed (NP *) (ADVP-LOC below))) (VP reported (NP (NP quarterly profit) (ADJP substantially different (PP from (NP (NP the average) (PP of (NP (NP analysts ') estimates))))))) .)) (TOP (S (NP-SBJ-1 The companies) (VP (VP are (VP followed (NP *-1) (PP by (NP-LGS (QP at least three) analysts)))) , and (VP had (NP (NP a minimum five-cent change) (PP-LOC in (NP (NP actual earnings) (PP per (NP share))))))) .)) (TOP (S (NP-SBJ-1 (NP (ADJP Estimated and actual) results) (VP involving (NP losses))) (VP are (VP omitted (NP *-1))) .)) (TOP (S (NP-SBJ The percent difference) (VP compares (NP actual profit) (PP-CLR with (NP (NP the 30-day estimate) (SBAR (WHADVP where) (S (NP-SBJ (QP at least three) analysts) (VP have (VP issues (NP forecasts) (PP-TMP in (NP the past 30 days))))))))) .)) (TOP (S (ADVP Otherwise) , (NP-SBJ-1 actual profit) (VP is (VP compared (NP *-1) (PP-CLR with (NP the 300-day estimate)))) .)) (TOP (S (NP-SBJ-1 Grumman Corp.) (VP was (VP awarded (NP *-1) (NP (NP a (ADJP (QP $ 53.1 million) *U*) Navy contract) (PP for (NP (NP advanced acquisition) (PP of (NP six E-2C tactical control aircraft))))))) .)) (TOP (S (NP-SBJ LTV Corp.) (VP won (NP (NP a (ADJP (QP $ 25 million) *U*) Army contract) (PP for (NP missile test equipment)))) .)) (TOP (S (NP-SBJ Unisys Corp.) (VP received (NP (NP a (ADJP (QP $ 24.4 million) *U*) Air Force contract) (PP for (NP computer programming)))) .)) (TOP (S (NP-SBJ-1 (NP Ford Aerospace & Communications Corp.) , (NP (NP a unit) (PP of (NP Ford Motor Co.))) ,) (VP was (VP awarded (NP *-1) (NP (NP a (ADJP (QP $ 15.9 million) *U*) Air Force contract) (PP for (NP computer improvements))))) .)) (TOP (S (NP-SBJ-1 Rockwell International Corp.) (VP was (VP issued (NP *-1) (NP (NP a (ADJP (QP $ 12.5 million) *U*) Air Force contract) (PP for (NP (NP changes) (PP-LOC in (NP the National Aerospace Plane))))))) .)) (TOP (S (NP-SBJ The Tennessee Valley Authority) (VP issued (NP (NP (QP $ 4 billion) *U*) (PP in (NP bonds))) (PP-LOC in (NP (NP (NP the federal utility 's) first public debt offering) (PP-TMP in (NP 15 years))))) .)) (TOP (S (NP-SBJ-1 (NP Proceeds) (PP from (NP (NP the bonds) , (PP with (NP (NP coupon rates) (PP-LOC in (NP the (ADJP 8 %) range))))))) , (VP will (VP be (VP used (S-CLR (NP-SBJ *-1) (VP to (VP replace (NP bonds) (PP-CLR with (NP (NP an average interest rate) (PP of (NP 13.1 %)))))))))) .)) (TOP (S (NP-SBJ The TVA) (VP said (SBAR 0 (S (NP-SBJ the refinancing) (VP should (VP save (NP (NP (QP $ 75 million) *U*) (NP-ADV a year) (PP in (NP interest payments)))))))) .)) (TOP (S (NP-SBJ The refinancing) (VP is (NP-PRD (NP part) (PP of (NP (NP (NP the TVA 's) strategy) (PP of (S-NOM (NP-SBJ *) (VP dealing (PP-CLR with (NP (SBAR-NOM (WHNP-2 what) (S (NP-SBJ *T*-2) (VP has (VP been (NP-PRD an intractable problem))))) : (NP (NP its staggering (ADJP (QP $ 18.5 billion) *U*) debt) , (SBAR (WHNP-3 (WHNP most) (WHPP of (WHNP which))) (S (NP-SBJ-1 *T*-3) (VP is (VP owed (NP *-1) (PP-DTV to (NP (NP the Treasury Department 's) Federal Financing Bank)))))))))))))))) .)) (TOP (S (NP-SBJ-1 The TVA) (ADVP-TMP currently) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP issue (NP (NP a total) (PP of (NP (QP $ 6.7 billion) *U*)) (PP in (NP bonds))) (S-PRP (NP-SBJ *-2) (VP to (VP refinance (NP its high-interest debt)))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ The (ADJP (QP $ 4 billion) *U*) bond issue) (ADVP also) (VP will (VP help (S (NP-SBJ-1 the TVA) (VP meet (NP (NP its goal) (PP of (S-NOM (NP-SBJ *-1) (VP not raising (NP rates) (PP-TMP for (NP another year))))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP William F. Malec) , (NP (NP the agency 's) chief financial officer)) .)) (TOP (S (NP-SBJ The bond issue) (VP is (NP-PRD (NP (NP TVA 's) first public offering) (SBAR-TMP since (S (NP-SBJ-1 the Financing Bank) (VP was (VP created (NP *-1) (PP-TMP in (NP 1974)) , (S-PRP (NP-SBJ *) (ADVP primarily) (VP to (VP finance (NP the TVA)))))))))) .)) (TOP (S But (NP-SBJ the offering) (ADVP almost) (VP did n't (VP happen)) .)) (TOP (S (NP-SBJ-2 The TVA) , (PP in (NP fact)) , (VP decided (S (NP-SBJ *-2) (VP to (VP proceed (PP-CLR with (NP the bond offering))))) (PP-TMP following (NP (NP an agreement) (NP-TMP last week) (PP with (NP (NP the Financing Bank) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP allows (S (NP-SBJ TVA) (VP to (VP keep (VP borrowing (NP-MNR short term) (PP-CLR from (NP the bank)) (PP-TMP for (NP two years)) (SBAR-TMP after (S (NP-SBJ it) (VP goes (PP-DIR to (NP the public market))))))))))))))))) .)) (TOP (S (NP-SBJ The Treasury) (VP contended (SBAR that (S (NP-SBJ TVA) (VP could n't (VP borrow (PP-CLR from (NP both (NP it) and (NP the public debt market)))))))) .)) (TOP (S (NP-SBJ (NP The (QP $ 4 billion) *U*) (PP in (NP bonds))) (VP break (PRT down) (UCP (SBAR-MNR as (S (NP-SBJ *) (VP follows) :)) (NP-ADV (NP (NP (QP $ 1 billion) *U*) (PP in (NP five-year bonds)) (PP with (NP (NP (NP a coupon rate) (PP of (NP 8.25 %))) and (NP (NP a yield) (PP to (NP maturity)) (PP of (NP 8.33 %)))))) ; (NP (NP (QP $ 1 billion) *U*) (PP in (NP 10-year bonds)) (PP with (NP (NP (NP a coupon rate) (PP of (NP 8.375 %))) and (NP (NP a yield) (PP to (NP maturity)) (PP of (NP 8.42 %)))))) ; (NP (NP (QP $ 2 billion) *U*) (PP in (NP 30-year bonds)) (PP with (NP (NP five-year call protection) , (NP (NP a coupon rate) (PP of (NP 8.75 %))) and (NP (NP a yield) (PP to (NP maturity)) (PP of (NP 9.06 %))))))))) .)) (TOP (SINV (VP-TPC-1 Managing (NP the bond issue)) (VP is (VP *T*-1)) (NP-SBJ (NP a group) (PP of (NP investment banks)) (VP (VP headed (NP *) (PP by (NP-LGS First Boston Corp.))) and (VP co-managed (NP *) (PP by (NP-LGS (NP Goldman , Sachs & Co.) , (NP Merrill Lynch Capital Markets) , (NP Morgan Stanley & Co.) , and (NP Salomon Brothers Inc)))))) .)) (TOP (S (NP-SBJ-2 Mutual-fund czar John M. Templeton) (VP has (VP put (NP his money) (SBAR-PUT (WHADVP-1 where) (S (NP-SBJ his moniker) (VP is (ADVP-LOC-PRD *T*-1)))) , (S-ADV (NP-SBJ *-2) (VP pouring (NP (QP $ 1.4 million) *U*) (PP-DIR into (NP (NP (NP one) (PP of (NP his own funds))) , (NP the Templeton Value Fund))))))) .)) (TOP (S (NP-SBJ Mr. Templeton) (VP owns (NP (NP shares) (PP-LOC (PP in (NP (NP several) (PP of (NP (NP the 33 funds) (SBAR (WHNP-1 that) (S (NP-SBJ his firm) (VP manages (NP *T*-1)))))))) , but (PP (ADVP only) in (NP (NP three) (PP of (NP (NP the 10) (ADJP available (PP to (NP U.S. investors))))))))) , (PP according (PP to (NP (NP filings) (PP with (NP the Securities and Exchange Commission)))))) .)) (TOP (S (NP-SBJ Those) (VP are (NP-PRD (NP Templeton Global Income) , (NP Templeton Emerging Markets) and (ADVP-TMP now) (NP the Value Fund))) .)) (TOP (SBARQ (WHADVP-1 Why) (SQ did (NP-SBJ he) (VP add (NP the Value Fund) (PP-CLR to (NP the list)) (ADVP-PRP *T*-1))) ?)) (TOP (S (SBAR-PRP Because (S (NP-SBJ he) (VP 's (ADJP-PRD very bullish) (PP on (NP (NP the emerging growth stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP make (PRT up) (NP (NP the fund 's) portfolio))))))))) , (NP-SBJ Mr. Templeton) (VP said (PP-LOC from (NP his Bahamas hideaway))) .)) (TOP (S-2 `` (S (S (NP-SBJ Emerging growth stocks) (VP have n't (VP been (ADJP-PRD popular) (PP-LOC in (NP America)) (PP-TMP for (NP years))))) , (S (NP-SBJ-1 they) (VP 've (VP been (VP neglected (NP *-1)))))) (PRN , '' (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) and (S (NP-SBJ their prices) (ADVP-TMP often) (VP trail (NP (NP the market) (PP as (NP a whole))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Templeton 's) 147,300-share purchase) (PP-LOC in (NP the closed-end fund))) (VP (VP came (PP-TMP before (NP (NP (NP the U.S. stock market 's) plunge) (NP-TMP last Friday)))) , but (VP (ADVP still) proved (ADJP-PRD slightly profitable))) .)) (TOP (S (NP-SBJ Mr. Templeton) (VP bought (NP his shares) (PP-LOC in (NP (NP several separate purchases) (PP-TMP between (NP (NP Aug. 30) and (NP Sept. 28))))) , (PP according (PP to (NP (NP reports) (PP with (NP the SEC)))))) .)) (TOP (S (NP-SBJ He) (VP bought (PP at (NP (NP share prices) (VP ranging (PP (PP from (NP $ 9.375 *U*)) (PP to (NP $ 9.625 *U*))))))) .)) (TOP (S (NP-SBJ The fund) (VP closed (NP-TMP yesterday) (PP-LOC in (NP New York Stock Exchange composite trading)) (PP-CLR at (NP $ 9.625 *U*)) , (ADVP up (NP 12.5 cents))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Mr. Templeton) (VP received (NP (NP a dividend) (PP of (NP (NP 22 cents) (NP-ADV a share)))) (NP-TMP Oct. 5)) .)) (TOP (NP-HLN RIVER RUN :)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP A senior vice president) and (NP a vice president)) (PP-LOC at (NP James River Corp.))) (VP sold (NP (NP the majority) (PP of (NP (NP their shares) (PP-LOC in (NP the (NAC-LOC Richmond , Va. ,) paper-products concern))))) (PP-TMP in (NP (NP late August) and (NP early September))))) , (NP-SBJ (NP reports) (VP filed (NP *) (PP-CLR with (NP the SEC)))) (VP show (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The executives) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP got (NP (NP $ 30.88 *U*) (NP-ADV a share)) (PP-CLR for (NP the stock))))) ,) (VP showed (NP good timing)) .)) (TOP (S (PP-LOC In (NP Big Board trading)) (NP-TMP yesterday) , (NP-SBJ James River shares) (VP closed (PP-CLR at (NP $ 28.375 *U*)) , (ADVP down (NP 12.5 cents))) .)) (TOP (S (PP-TMP On (NP Sept. 6)) , (NP-SBJ-1 (NP Robert Joseph Sherry) , (NP (NP (NP the firm 's) senior vice president) (PP of (NP (UCP employee and public) relations))) ,) (VP sold (NP 4,000 shares) , (S-ADV (NP-SBJ *-1) (VP leaving (NP himself) (PP-CLR with (NP (NP 1,062 shares) (PP of (NP James River))))))) .)) (TOP (S (PP Including (NP (NP a sale) (PP of (NP stock)) (NP-TMP last February))) , (NP-SBJ Mr. Sherry) (VP has (VP sold (NP (NP 88 %) (PP of (NP (NP his stake) (PP-LOC in (NP the company))))) (NP-TMP this year) , (PP according (PP to (NP SEC filings))))) .)) (TOP (S (NP-SBJ-1 Mr. Sherry) (VP declined (S (NP-SBJ *-1) (VP to (VP comment))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ *) (VP asked (PP-CLR about (NP the sales)) (ADVP-TMP *T*-2))))) .)) (TOP (S (NP-SBJ (NP James A. Toney) , (NP a vice president) ,) (VP sold (NP 1,500 shares) (NP-TMP Aug. 28)) .)) (TOP (S (NP-SBJ He) (ADVP-TMP still) (VP has (NP 1,143 shares) , (PP according (PP to (NP SEC files)))) .)) (TOP (S (NP-SBJ-1 Mr. Toney) (ADVP also) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (NP-HLN INTEREST-RATE PLAYER :)) (TOP (S (NP-SBJ Cincinnati Gas & Electric Co.) (VP tops (NP (NP the companies portion) (PP of (NP the accompanying Insider Trading table))) (NP-TMP this week)) .)) (TOP (S (NP-SBJ (NP Three) (PP of (NP (NP the utility 's) directors))) (VP have (VP (ADVP at least) doubled (NP (NP their holdings) (PP-LOC in (NP the company))) (PP-TMP since (NP July)))) .)) (TOP (S (NP-SBJ The largest purchase) (VP was (PP-PRD by (NP (NP Dudley Taft) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP bought (NP 4,400 shares) (PP-CLR for (NP $ 125,075 *U*)))))))) .)) (TOP (S (NP-SBJ (NP Mr. Taft) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADVP also) (NP-PRD (NP president) (PP of (NP Taft Broadcasting Co.)))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP bought (NP the shares) (SBAR-PRP because (S (NP-SBJ he) (VP keeps (NP a utility account) (PP-LOC at (NP (NP the brokerage firm) (PP of (NP Salomon Brothers Inc.)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP had (VP recommended (NP the stock) (PP-CLR as (NP a good buy))))))))))))))) .)) (TOP (S (NP-SBJ Salomon Brothers) (VP confirmed (SBAR that (S (NP-SBJ it) (VP has (VP had (NP a buy recommendation) (PP-LOC-CLR on (NP the stock)) (PP-TMP for (NP (QP about two) years))))))) .)) (TOP (S-1 `` (S (NP-SBJ Cincinnati Gas & Electric) (VP is (PP-PRD in (NP good shape)))) (PRN , '' (S (NP-SBJ Mr. Taft) (VP said (SBAR 0 (S *T*-1)))) ,) and (S (NP-SBJ utilities) (VP are `` (NP-PRD a good investment) (SBAR-PRP because (S (NP-SBJ interest rates) (VP are (VP going (ADVP-DIR down))))))) . '')) (TOP (S (NP-SBJ Mr. Taft) (VP paid (NP (NP an average) (PP of (NP $ 28.43 *U*))) (PP-CLR for (NP each share))) .)) (TOP (S (NP-SBJ The stock) (VP closed (NP-TMP yesterday) (PP-LOC on (NP the Big Board)) (PP-CLR at (NP $ 28.75 *U*)) , (ADVP down (NP 12.5 cents))) .)) (TOP (S (S-TPC-1 (NP-SBJ The two other directors) (VP bought (NP (QP 1,000 and 1,900) shares) , (ADVP respectively) , (PP at (NP (NP prices) (PP between (NP (NP (NP $ 28.15 *U*) (NP-ADV a share)) and (NP (NP $ 28.75 *U*) (NP-ADV a share)))))))) , (NP-SBJ (NP filings) (PP with (NP the SEC))) (VP show (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 The two) (VP could n't (VP be (VP reached (NP *-1) (PP-PRP for (NP comment))))) .)) (TOP (S (NP-SBJ A company spokesman) (VP said (SBAR 0 (S (NP-SBJ he) (VP could n't (VP explain (NP their sudden bullishness)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP do n't (VP know (PP-CLR of (NP (NP any news) or (NP (NP anything unusual) (VP happening (ADVP-LOC here)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Bruce Stoecklin) , (NP (NP director) (PP of (NP media services)))) .)) (TOP (S (NP-SBJ (NP Peter Pae) (PP-LOC in (NP Pittsburgh))) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ T. Rowe Price Associates Inc.) (VP said (SBAR 0 (S (NP-SBJ directors) (VP recommended (SBAR 0 (S (NP-SBJ stockholders) (VP approve (NP (NP a 2-for-1 stock split) and (NP (NP an increase) (PP-LOC in (NP authorized shares)) (PP to (NP (QP 25 million))) (PP from (NP (QP 10 million)))))))))))) .)) (TOP (S (NP-SBJ Stockholders) (VP will (VP vote (PP-CLR on (NP the proposal)) (PP-LOC at (NP a meeting)) (NP-TMP Dec. 13))) .)) (TOP (S (NP-SBJ T. Rowe Price) (VP is (NP-PRD (NP an investment adviser) (PP to (NP (NP mutual funds) , (NP institutions) and (NP individuals))))) .)) (TOP (S (PP-LOC In (NP (NP one) (PP of (NP (NP the first indoor air-pollution cases) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP go (PP-DIR to (NP trial)))))))))) , (NP-SBJ a state-court jury) (VP decided (PP-CLR in (NP (NP favor) (PP of (NP (NP the defendant) , (NP Burlington Industries Inc)))))) .)) (TOP (S (NP-SBJ (NP The verdict) , (VP reached (NP *) (NP-TMP late last week) (PP-LOC in (NP Cincinnati))) ,) (VP may (VP end (NP (NP an eight-year legal battle) (PP for (NP the (NAC-LOC Greensboro , N.C. ,) carpet maker))))) .)) (TOP (S (NP-SBJ-1 (NP Glenn and Sharon Beebe) (PP of (NP Cincinnati))) (VP had (VP sued (NP the com - pany) (PP-TMP in (NP 1981)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP installing (NP Burlington carpets) (PP-LOC-CLR in (NP their office))))))) .)) (TOP (S (NP-SBJ The Beebes) (VP alleged (SBAR that (S (NP-SBJ (NP toxic fumes) (PP from (NP the carpets))) (VP made (S (NP-SBJ them) (ADJP-PRD sick)))))) .)) (TOP (S-1 (PP-PRP As (NP (NP a result) (PP of (NP their illness)))) (PRN , (S (NP-SBJ the Beebes) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ they) (VP lost (NP (NP (QP $ 1.8 million) *U*) (PP in (NP wages and earnings)))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ they) (VP said (SBAR that (S (NP-SBJ (NP months) (PP of (NP (NP exposure) (PP to (NP the chemicals))))) (VP has (VP left (S (NP-SBJ them) (ADJP-PRD sensitive (PP to (NP (NP a wide range) (PP of (NP (ADJP commonly used) substances))))))))))) .)) (TOP (S (NP-SBJ-1 The case) (VP had (VP been (VP (ADVP-MNR closely) watched (NP *-1) (SBAR-PRP because (S (NP-SBJ attorneys) (VP anticipate (NP (NP increasing litigation) (ADVP-LOC nationally) (PP over (NP the so-called sick-building syndrome))))))))) .)) (TOP (S (NP-SBJ (NP Plaintiffs ') lawyers) (VP say (SBAR that (S (NP-SBJ buildings) (VP become `` (ADJP-PRD sick) '' (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP inadequate fresh air) and (NP poor ventilation systems)) (VP lead (S (NP-SBJ pollutants) (VP to (VP build (ADVP-CLR up) (ADVP-LOC inside)))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Anthony J. Iaciofano) , (NP (NP a lawyer) (PP for (NP Burlington))) ,) (VP said (SBAR 0 (S (NP-SBJ the company) (VP believes (SBAR 0 (S (NP-SBJ (NP the Beebes ') symptoms) (VP were not (ADJP-PRD related (PP to (NP the carpeting)))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR (SBAR that (S (NP-SBJ (NP ill effects) (PP from (NP new carpets))) (VP manifest (NP themselves) (ADVP-TMP immediately)))) but (SBAR that (S (NP-SBJ (NP the Beebes ') symptoms) (VP appeared (ADVP-TMP (NP months) later)))))) .)) (TOP (S (NP-SBJ (NP Catherine Adams) , (NP (NP the Beebes ') lawyer) ,) (VP said (SBAR 0 (S (NP-SBJ the verdict) (VP would not (VP discourage (NP-1 other plaintiffs) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP filing (NP such suits))))))))) .)) (TOP (S (S-TPC-4 (S (NP-SBJ-2 Scientists) (VP are (ADVP only) (VP beginning (S (NP-SBJ *-2) (VP to (VP understand (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP causes (NP sick-building syndrome)))))))))) and (S (NP-SBJ (NP much) (PP of (NP that research))) (VP was (ADJP-PRD unavailable) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the Beebes) (VP filed (NP the case) (ADVP-TMP *T*-3))))))) , (NP-SBJ she) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ The Beebes) (ADVP-TMP now) (VP believe (SBAR that (S (NP-SBJ (NP a prime culprit) (PP for (NP their injuries))) (VP was (NP-PRD (NP fumes) (PP from (NP (NP an adhesive) (VP used (NP *) (PP-LOC in (NP the carpeting)))))))))) .)) (TOP (S (S-TPC-1 But (NP-SBJ the Beebes) (VP did n't (VP come (PP-CLR to (NP that conclusion)) (SBAR-TMP until (S (NP-SBJ (NP time limits) (PP *ICH*-2)) (VP had (VP elapsed (PP-2 for (S-NOM (NP-SBJ *) (VP adding (NP the adhesives maker) (PP-CLR as (NP (NP a defendant) (PP-LOC in (NP the case)))))))))))))) , (NP-SBJ Ms. Adams) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 The Beebes) (VP have not (ADVP-TMP yet) (VP decided (SBAR whether (S (NP-SBJ *-1) (VP to (VP appeal)))))) .)) (TOP (S (NP-SBJ-1 TIMES SQUARE development opponents) (VP are (VP dealt (NP *-1) (NP setback))) .)) (TOP (S (NP-SBJ (NP The Appellate Division) (PP of (NP New York State Supreme Court))) (VP dismissed (NP (NP six lawsuits) (VP attempting (S (NP-SBJ *) (VP to (VP block (NP (NP a (ADJP (QP $ 2.5 billion) *U*) project) (VP planned (NP *) (PP-CLR for (NP (NP 42nd Street) (PP-LOC in (NP Manhattan)))))))))))) .)) (TOP (S (NP-SBJ (NP Opponents) (PP of (NP the project))) (VP had (VP claimed (SBAR that (S (NP-SBJ-2 (NP the city and the state) (PP of (NP New York)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (VP co-sponsoring (NP the project))))) ,) (VP had (VP failed (S (NP-SBJ *-2) (VP to (VP adhere (PP-CLR to (NP environmental guidelines))))))))))) .)) (TOP (S (NP-SBJ-1 (NP All) (PP but (NP two)) (PP of (NP (NP the (QP 40 or so) lawsuits) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP have (VP been (VP filed (NP *-2) (PP-TMP since (NP (NP the project 's) 1984 approval)))))))))) (VP have (VP been (VP dismissed (NP *-1) (PP-TMP before (NP the trial stage))))) .)) (TOP (S (NP-SBJ (NP The two) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP remain)))) (VP have n't (ADVP-TMP yet) (VP reached (NP the pre-trial fact-finding stage))) .)) (TOP (S (NP-SBJ State officials) (VP said (SBAR 0 (S (NP-SBJ (NP the court 's) ruling) (VP clears (NP the way) (PP-PRP for (NP (NP proceedings) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP condemn (NP (NP buildings) (PP-LOC in (NP the area))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 This project) (VP is (ADJP-PRD ready (S (NP-SBJ *-2) (VP to (VP move)))))) , '' (VP said (S *T*-1)) (NP-SBJ State Urban Development Corp. Chairman Vincent Tese) .)) (TOP (S But (NP-SBJ (NP developers) (PP of (NP four planned office towers))) (VP cautioned (SBAR that (S (NP-SBJ obstacles) (ADVP-TMP still) (VP remain)))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP (NP the agreement) (PP with (NP the state)))))) , (NP-SBJ (NP the developers) -- (NP (NP a partnership) (PP of (NP (NP Park Tower Realty) and (NP (NP Prudential Insurance Co.) (PP of (NP America)))))) --) (VP said (SBAR 0 (S (NP-SBJ they) (VP would not (VP proceed (PP-CLR with (NP condemnation proceedings)) (SBAR-TMP while (S (NP-SBJ there) (VP was (NP-PRD `` (NP significant litigation) '' (VP pending)))))))))) .)) (TOP (S (NP-SBJ Park Tower General Counsel Matthew Mayer) (VP said (SBAR 0 (S (NP-SBJ-1 the development team) (VP will (VP have (S (NP-SBJ-2 *-1) (VP to (VP review (NP two additional lawsuits) (PP-TMP before (S-NOM (NP-SBJ *-2) (VP putting (PRT up) (NP (NP a (ADJP (QP $ 155 million) *U*) letter) (PP of (NP credit)) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP cover (NP condemnation costs))))))))))))))))) .)) (TOP (S-2 (ADVP Also) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-3 the partnership) (VP is (VP waiting (S (NP-SBJ *-3) (VP to (VP see (SBAR whether (S (NP-SBJ-1 (NP the appellate division 's) ruling) (VP will (VP be (VP appealed (NP *-1))))))))))) .)) (TOP (S (NP-SBJ-3 (NP The plan) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP plagued (NP *-1) (PP-CLR with (NP (NP delays) and (NP business-related setbacks)))))))) ,) (VP seeks (S (NP-SBJ *-3) (VP to (VP transform (NP the area) (PP-CLR from (NP a seedy thoroughfare)) (PP-CLR to (NP a (ADJP more wholesome) office and theater district)))))) .)) (TOP (S (NP-SBJ-1 State and city officials) (VP are (ADVP-TMP still) (VP negotiating (PP-CLR with (NP developers)) (S-PRP (NP-SBJ *-1) (VP to (VP (VP renovate (NP historic theaters)) and (VP build and operate (NP a (NX (NX merchandise mart) and (NX hotel))))))))) .)) (TOP (S (NP-SBJ FEDERAL JUDGE) (VP EXPANDS (NP (NP role) (PP of (NP U.S. courts)) (PP-LOC in (NP extradition decisions)))) .)) (TOP (S (NP-SBJ (NP U.S. District Judge Jack B. Weinstein) (PP of (NP (NP Brooklyn) , (NP N.Y.) ,))) (VP ruled (SBAR that (S (NP-SBJ-1 (NP a man) (VP implicated (NP *) (PP-CLR in (NP (NP an attack) (PP on (NP an Israeli passenger bus)) (PP-TMP in (NP 1986)))))) (VP can (VP be (VP extradited (NP *-1) (PP-DIR to (NP Israel)) (PP-PRP for (NP trial)))))))) .)) (TOP (S (NP-SBJ-1 A magistrate) (VP had (ADVP-TMP initially) (VP refused (NP the request) , (S-ADV (NP-SBJ *-1) (VP ruling (SBAR that (S (NP-SBJ the attack) (VP had (VP been (NP-PRD (NP a political act) (SBAR (WHPP-2 for (WHNP which)) (S (NP-SBJ (NP the man) , (NP Mahmoud El-Abed Ahmad) ,) (VP would (VP be (ADJP-PRD exempt (PP from (NP (NP extradition) (PP *T*-2))))))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ Judge Weinstein) (VP wrote (PP-LOC in (NP his opinion)) (NP-TMP late last month) (SBAR that (S (NP-SBJ-1 (NP (NP terrorism) and (NP (NP acts) (PP of (NP war)))) (PP against (NP civilians))) (VP can not (VP be (VP defined (NP *-1) (PP-CLR as (NP political acts)))))))) .)) (TOP (S (NP-SBJ Judge Weinstein) (ADVP also) (VP ruled (SBAR that (S (NP-SBJ judges) (VP must (VP consider (PP-TMP prior (PP to (NP extradition))) (SBAR whether (S (NP-SBJ-1 the defendant) (VP will (VP be (VP treated (NP *-1) (ADVP-MNR fairly) (PP-LOC in (NP a foreign court)))))))))))) .)) (TOP (S-2 (S-PRP (NP-SBJ *-1) (VP To (VP do (ADVP-PRD so)))) (PRN , (S (NP-SBJ the judge) (VP said (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-1 the U.S. courts) (VP must (VP review (NP (NP the judicial process) (PP-LOC in (NP the foreign country))) (ADVP-MNR independently (PP of (NP (NP the State Department 's) assessment))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (PP-LOC in (NP this case)) (NP-SBJ he) (VP concurred (PP-CLR with (NP (NP the State Department 's) decision (SBAR that (S (NP-SBJ-1 Mr. Ahmad) (VP should (VP be (VP extradited (NP *-1)))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Ahmad 's) lawyer) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP appeal))))) .)) (TOP (S (NP-SBJ (NP Lawyers) (ADJP close (PP to (NP the case)))) (VP said (SBAR 0 (S (NP-SBJ they) (VP believed (SBAR 0 (S (NP-SBJ the ruling) (VP was (ADJP-PRD unprecedented)))))))) .)) (TOP (SINV `` (S-TPC-1 (PP-TMP Up (PP until (NP now))) (NP-SBJ the courts) (VP have (VP said (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-2)) (VP is not (NP-PRD their role) (S-2 (NP-SBJ *) (VP to (VP supervise (NP (NP the foreign country 's) courts)))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Jacques Semmelman) , (NP (NP the assistant U.S. attorney) (PP-LOC on (NP the case)))) .)) (TOP (S (NP-SBJ (NAC FORMER CANADIAN AMBASSADOR (PP to (NP the U.S.))) Allan E. Gotlieb) (VP has (VP joined (NP (NP the Philadelphia law firm) (PP of (NP Pepper , Hamilton & Scheetz))) (PP as (NP a consultant)))) .)) (TOP (S (NP-SBJ (NP Mr. Gotlieb) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP serves (PP-CLR as (NP (NP a consultant) (PP to (NP (NP Stikeman , Elliott) , (NP (NP one) (PP of (NP (NP Canada 's) biggest law firms))) ,)))))))) (VP is (VP advising (NP (NP Pepper Hamilton 's) Washington office) (PP on (NP (NP legal matters) (ADJP related (PP to (NP (NP Canadian-U.S. investment) , (NP corporate finance) and (NP international transactions)))))))) .)) (TOP (FRAG (ADJP QUOTABLE) :)) (TOP (S (S (PP-LOC In (NP (NP a speech) (VP prepared (NP *) (PP-PRP for (NP (NP delivery) (PP-LOC in (NP New York)) (NP-TMP yesterday)))))) , (NP-SBJ retired Justice Lewis Powell) (VP contested (NP the notion (SBAR that (S (NP-SBJ the last Supreme Court term) (VP marked (NP (NP a turn) (PP toward (NP conservatism))))))))) : `` (S (NP-SBJ (NP Commentators) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP agreed (PP-CLR on (NP (NP little) (ADJP else))))))) (VP (ADVP-MNR unanimously) proclaimed (NP (NP a ` shift) (PP-LOC in (NP direction)) ' (PP-LOC on (NP the court))))) ... .)) (TOP (S (NP-SBJ I) (VP take (NP these pronouncements) , (PP like (NP (NP many) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP preceded (NP them) (PP-TMP in (NP past years)))))))) , (PP with (NP (NP a grain) (PP of (NP salt))))) .)) (TOP (S (PP-TMP In (NP (NP an era) (PP of (NP ` (NP sound bites) ' and (NP instant opinion polls))))) (NP-SBJ (NP it) (S *EXP*-3)) (VP is (ADJP-PRD dangerous) (S-3 (NP-SBJ *) (VP to (VP apply (NP broad labels) (PP-CLR to (NP a single term)))))) .)) (TOP (PRN -LRB- (S (PP-TMP During (NP its centennial year)) , (NP-SBJ The Wall Street Journal) (VP will (VP report (NP (NP events) (PP of (NP the past century)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stand (PP-CLR as (NP (NP milestones) (PP of (NP American business history)))))))))) .) -RRB-)) (TOP (S (NP-SBJ (NP THE YOM KIPPUR WAR) , (SBAR (WHADVP-1 WHEN) (S (NP-SBJ EGYPT) (VP CRASHED (PP-DIR into (NP Israel)) (PP-TMP on (NP (NP Oct. 6 , 1973) , (NP (NP the holiest day) (PP-LOC in (NP the Jewish calendar))))) (ADVP-TMP *T*-1)))) ,) (VP lasted (NP (QP barely a) month)) .)) (TOP (S But (NP-SBJ one far-afield effect) (VP is (ADVP-TMP still) (PP-PRD with (NP us))) .)) (TOP (S (NP-SBJ The Arab states) , (ADJP always bitterly resentful (PP of (NP (NP U.S. support) (PP toward (NP Israel))))) , (VP realized (SBAR 0 (S (NP-SBJ they) (VP held (NP (NP an irresistable weapon) -- (NP oil)))))) .)) (TOP (S (ADVP-TMP Early (PP in (NP October))) , (NP-SBJ (NP six Arab nations) (PP-LOC in (NP the Persian Gulf))) (VP jacked (PRT up) (NP prices) (ADVP-MNR sharply)) .)) (TOP (S (PP-TMP On (NP Oct. 22)) , (S-ADV (NP-SBJ-1 *-2) (VP led (NP *-1) (PP by (NP-LGS (NP Saudi Arabia) , (NP (NP the world 's) largest exporter))))) , (NP-SBJ-2 they) (VP embargoed (NP (NP oil shipments) (PP (PP to (NP the U.S.)) and (PP to (NP (NP the Netherlands) , (NP (NP Israel 's) staunchest European ally)))))) .)) (TOP (S (NP-SBJ The timing) (VP was (ADJP-PRD perfect)) .)) (TOP (S (NP-SBJ The Arabs) (VP had (VP tried (NP embargos) (ADVP-TMP before))) .)) (TOP (S (PP-TMP In (NP 1956)) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 Britain , France and Israel) (VP invaded (NP Egypt) (S-PRP (NP-SBJ *-1) (VP to (VP seize (NP the Suez Canal)))) (ADVP-TMP *T*-2)))) , (NP-SBJ Arab producers) (VP cut (PRT off) (NP (NP supplies) (PP to (NP Europe)))) .)) (TOP (S (NP-SBJ Texas) (ADVP simply) (VP pumped (ADVP-MNR harder)) .)) (TOP (S (NP-SBJ U.S. oil supplies) , (ADVP however) , (VP (VP had (VP peaked (PP-TMP in (NP 1970 and 1971)))) and (VP (PP-TMP by (NP 1973)) were (VP declining))) .)) (TOP (S (NP-SBJ (NP Imports) , then (NP (NP (QP six million) barrels) (NP-ADV a day)) ,) (VP came (PP-DIR (ADVP primarily) from (NP Venezuela and Canada))) .)) (TOP (S But (NP-SBJ Middle East supplies) (VP were (VP growing (PP-LOC in (NP importance)))) .)) (TOP (S (PP-TMP By (NP 1973)) , (NP-SBJ the U.S.) (VP was (VP bringing (PRT in) (NP (NP (NP (QP two million) barrels) (PP of (NP Arab oil)) (NP-ADV a day)) , (NP (NP (QP more than 10) %) (PP of (NP (NP the (QP 17.3 million) barrels) (VP consumed (NP *) (ADVP-TMP daily)))))))) .)) (TOP (S (NP-SBJ Politics and economics) (VP conspired) .)) (TOP (S (NP-SBJ (NP Japan and Europe) , (ADJP (ADJP far more dependent (PP on (NP Mideast oil))) (PP than (NP the U.S.))) ,) (VP would n't (VP (VP offend (NP the Arabs)) or (VP trade (PRT off) (NP their precious supplies)))) .)) (TOP (S (S (NP-SBJ-2 The U.S.) (VP did (VP manage (S (NP-SBJ-3 *-2) (VP to (VP supply (NP the Dutch) (PP with (NP oil)) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP relabeling (NP supplies)))))))))) ; (S (SBAR-TMP once (S (NP-SBJ-1 oil) (VP is (VP shipped (NP *-1))))) , (NP-SBJ no one) (VP can (VP tell (NP its source)))) .)) (TOP (S (S But (NP-SBJ car-happy Americans) (VP panicked)) , and (SINV (ADVP-TPC-PRD-1 so) (VP did (ADVP-PRD *T*-1)) (NP-SBJ (NP the U.S.) and (NP other oil-consuming governments))) .)) (TOP (S (NP-SBJ `` Shortage '' and `` crisis '') (VP became (NP-PRD buzz words) , (SBAR-ADV although (S (NP-SBJ neither) (ADVP really) (VP applied)))) .)) (TOP (S (NP-SBJ (NP The spot dislocations) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP showed (PRT up))))) (VP were (ADVP largely) (NP-PRD (NP the result) (PP of (NP (NP confusion) (PRN -LRB- (NP (NP much) (PP of (NP it)) (PP-LOC in (NP Washington))) -RRB-)))) , (SBAR-ADV though (S (NP-SBJ that) (VP was (NP-PRD cold comfort) (PP for (NP (NP drivers) (VP waiting (PP-LOC in (NP mile-long lines)) (PP-LOC at (NP the gas pumps))))))))) .)) (TOP (S (S (NP-SBJ The embargo) (VP lasted (NP-TMP (QP only six) months))) , but (S (NP-SBJ the price hikes) (VP became (NP-PRD (NP a fact) (PP of (NP life))))) .)) (TOP (S (SBAR-NOM-TPC-2 (WHNP-1 What) (S (NP-SBJ the Arabs) (VP started (NP *T*-1)))) , (NP-SBJ inflation) (VP finished (SBAR-NOM *T*-2)) .)) (TOP (S (UCP (ADVP-TMP Once) and (PP for (NP all))) , (NP-SBJ (NP (ADJP $ 5-a-barrel *U*) crude oil) and (NP 35-cents-a-gallon gasoline)) (VP were (NP-PRD history)) .)) (TOP (S (S (NP-SBJ Times) (VP may (VP be (ADJP-PRD tough) (PP-LOC on (NP Wall Street)) (PP for (NP some))))) , but (S (NP-SBJ a few bosses) (VP are (VP making (NP (NP (NP as much) (PP as (ADVP ever))) -- or (NP more))))) .)) (TOP (S (PP-LOC At (NP Bear Stearns Cos.)) , (PP for (NP example)) , (NP-SBJ (NP the 15 executive officers) (VP led (NP *) (PP by (NP-LGS Chairman Alan `` Ace '' Greenberg)))) (VP got (NP (NP a pay increase) (PP to (NP (NP (QP $ 35.9 million) *U*) (PP for (NP (NP the 14-month period) (VP ended (NP-TMP June 30)))))) (PP from (NP (NP (QP $ 22.9 million) *U*) (PP for (NP (NP the 12 months) (VP ended (NP-TMP April 30 , 1988)))))))) .)) (TOP (S (NP-SBJ The figures) (VP do n't (VP include (NP (NP substantial dividends) (PP on (NP (NP holdings) (PP of (NP Bear Stearns stock))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Greenberg) (NP himself)) (VP was (VP paid (NP *-1) (NP (NP (QP $ 4.5 million) *U*) (ADVP *ICH*-2)) , (PP-TMP before (NP (NP an estimated (QP $ 1.5 million) *U*) (PP-LOC in (NP dividends)))) , (ADVP-2 up (PP from (NP (QP $ 2.4 million) *U*) (NP-TMP (NP the year) (ADVP-TMP before)))))) .)) (TOP (S (NP-SBJ-1 The increase) (VP is (VP noted (NP *-1) (PP-LOC in (NP (NP (NP the brokerage firm 's) latest proxy statement) (VP filed (NP *) (PP-CLR with (NP the Securities and Exchange Commission))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ it) (VP operates (PP-CLR on (NP a fiscal year))))) , (NP-SBJ (NP Bear Stearns 's) yearly filings) (VP are (ADJP-PRD available) (ADVP-TMP (ADVP much earlier) (PP than (NP (NP those) (PP of (NP other firms)))))) .)) (TOP (S (NP-SBJ The latest period) (VP includes (NP (NP 14 months) (CONJP instead of) (NP 12)) (SBAR-PRP because (S (NP-SBJ Bear Stearns) (VP changed (PP-CLR to (NP (NP a fiscal year) (VP ending (PP-TMP in (NP June (CONJP instead of) April))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP Bear Stearns 's) 650 stock and bond salesmen) (VP saw (NP thinner paychecks) (PP-TMP over (NP the past year)) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ the company) (VP says (SBAR 0 (S (NP-SBJ *T*-1) (VP reflected (NP (NP lower commission revenue) (VP caused (NP *) (PP by (NP-LGS (NP a decline) (PP-LOC in (NP (NP investor activity) (PP-LOC in (NP the markets))))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ Bear Stearns) (PP-TMP on (NP Monday)) (VP reported (NP (NP improved earnings) (PP for (NP (NP its first quarter) , (VP ended (NP-TMP Sept. 29)) ,))) (PP-PRP (ADVP partly) because of (NP (NP a (ADVP 31 %) increase) (PP-LOC in (NP commissions)) (PP-TMP during (NP the quarter))))) .)) (TOP (S (NP-SBJ (NP William J. Montgoris) , (NP chief financial officer) ,) (VP defended (NP (NP the lofty salaries) (PP-LOC at (NP Bear Stearns)))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ (NP All) (PP of (NP us))) (VP are (PP-PRD on (NP (NP a base salary) (PP of (NP $ 200,000 *U*)))) (SBAR-ADV if (S (NP-SBJ the firm) (VP makes (NP nothing)))))) -- and (S (NP-SBJ that) (VP 's (ADJP-PRD pretty low) (ADVP (ADVP as far) (SBAR as (S (NP-SBJ Wall Street) (VP goes (ADVP *?*)))))))) , '' (NP-SBJ Mr. Montgoris) (VP said (S *T*-1)) .)) (TOP (S (ADVP However) , (NP-SBJ Bear Stearns) (VP has (ADVP-TMP never) (VP had (NP an unprofitable year) (PP-TMP since (NP (NP its founding) (ADVP-TMP (NP 65 years) ago))))) .)) (TOP (S (NP-SBJ-1 (NP Four Bear Stearns executives) (PP besides (NP the 62-year-old Mr. Greenberg))) (VP were (VP paid (NP *-1) (NP (NP (QP $ 3 million) *U* (QP or more)) (PP-TMP before (NP dividends))) (PP for (NP (NP the 14 months) (VP ended (PP-TMP in (NP June))))))) .)) (TOP (S (PP According (PP to (NP the proxy statement))) , (S (NP-SBJ (NP James E. Cayne) , (NP 55) , (NP (NP Bear Stearns 's) president) ,) (VP made (NP (QP $ 3.9 million) *U*))) ; (S (NP-SBJ (NP an executive vice president) , (NP Michael L. Tarnopol) , (NP 53) ,) (VP made (NP (QP nearly $ 3.4 million) *U*))) ; and (S (NP-SBJ (NP two executive vice presidents) , (NP (NP (NP Vincent J. Mattone) , (NP 44) ,) and (NP (NP William J. Michaelcheck) , (NP 42) ,))) (VP made (NP (NP (QP about $ 3.3 million) *U*) (NP each)))) .)) (TOP (S (NP-SBJ Mr. Montgoris) (VP said (SBAR 0 (S (NP-SBJ the firm) (VP has (NP (NP a `` straight mathematical formula '') (PP for (S-NOM (NP-SBJ *) (VP determining (NP compensation)))) , (PP based (PP on (NP (NP the firm 's) earnings)))))))) .)) (TOP (S `` (S-TPC-2 (SBAR-SBJ Just because (S (NP-SBJ (NP a particular element) (PP of (NP the firm)) (PP *ICH*-1)) (VP is (ADVP-PRD down) , '' (PP-1 such as (NP stockbrokerage))))) , `` (VP does n't (VP mean (SBAR 0 (S (NP-SBJ-3 the executive committee) (VP should (VP be (VP paid (NP *-3) (NP less))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ Morgan Grenfell Group PLC) (VP said (SBAR 0 (S (NP-SBJ (NP John Craven) , (NP group chief executive officer) ,) (VP is (VP taking (ADVP-CLR over) (NP (NP the chairmanship) (PP of (NP the merchant banking group))) (PP-CLR from (NP (NP Sir Peter Carey) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP retiring))))))))))) .)) (TOP (S (NP-SBJ Mr. Carey) (VP will (VP remain (NP-PRD (NP a member) (PP of (NP (NP the merchant bank 's) board))))) .)) (TOP (S (NP-SBJ-1 Mr. Craven) (VP is (VP (ADVP-MNR widely) credited (NP *-1) (PP-CLR with (S-NOM (NP-SBJ *-1) (VP refocusing (NP (NP Morgan Grenfell 's) energies) (PP-CLR on (NP its core corporate finance , fund management and banking activities)) (PP-TMP over (NP the past year))))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ Morgan Grenfell) (VP shut (ADVP-CLR down) (NP its ailing U.K. securities operations)) .)) (TOP (S (S (NP-SBJ Mr. Craven) (VP said (SBAR 0 (S (NP-SBJ (NP his move) (PP to (NP the chairmanship))) (VP means (SBAR 0 (S (NP-SBJ he) (VP will (VP take (NP (NP a (ADJP less active) role) (PP-LOC in (NP (NP the day-to-day management) (PP of (NP the group)))))))))))))) , but (S (NP-SBJ he) (VP added (SBAR that (S (NP-SBJ (NP the merchant bank 's) strategic focus) (VP remains (ADJP-PRD unchanged)))))) .)) (TOP (S (NP-SBJ Mr. Craven) (VP joined (NP Morgan Grenfell) (PP as (NP group chief executive)) (PP-TMP in (NP May 1987)) , (PP-TMP (NP a few months) after (NP (NP the resignations) (PP of (NP (NP former Chief Executive Christopher Reeves) and (NP other top officials))) (PP-PRP because of (NP (NP (NP the merchant bank 's) role) (PP-LOC in (NP (NP (NP Guinness PLC 's) controversial takeover) (PP of (NP (NP Distiller 's) Co.)) (PP-TMP in (NP 1986))))))))) .)) (TOP (S (NP-SBJ Morgan Grenfell) (VP had (VP advised (NP Guinness) (PP on (NP (NP the bid) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP surrounded (NP *-1) (PP by (NP-LGS allegations (SBAR that (S (NP-SBJ-3 Guinness) (VP used (NP artificial means) (S-CLR (NP-SBJ *-3) (VP to (VP support (NP (NP the bid 's) value))))))))))))))))) .)) (TOP (S (NP-SBJ Morgan Grenfell) (VP said (SBAR 0 (S (NP-SBJ (NP Michael Dobson) , (NP currently group deputy chief executive) ,) (VP will (VP assume (NP the chief executive position)))))) .)) (TOP (S (NP-SBJ The merchant bank) (ADVP also) (VP announced (SBAR that (S (NP-SBJ finance director David Eward) (VP is (VP taking (NP early retirement) (PP-PRP for (NP personal reasons))))))) .)) (TOP (S (NP-SBJ-1 His duties) (VP will (VP be (VP taken (NP *-1) (PRT over) (PP by (NP-LGS (NP Anthony Richmond-Watson) , (SBAR (WHNP-3 who) (S (NP-SBJ-2 *T*-3) (VP has (VP been (VP elected (S (NP-SBJ *-2) (NP-PRD deputy chairman)))))))))))) .)) (TOP (S (NP-SBJ (NP News) (PP of (NP (NP Mr. Eward 's) retirement))) (VP comes (SBAR-TMP (NP one day) after (S (NP-SBJ Morgan) (VP said (SBAR that (S (NP-SBJ-1 Christopher Whittington) (VP resigned (PP as (NP (NP chairman) (PP of (NP (NP Morgan 's) banking subsidiary)))) (S-PRP (NP-SBJ *-1) (VP to (VP join (NP a financial services firm))))))))))) .)) (TOP (S (NP-SBJ Mr. Craven) (VP said (SBAR 0 (S (S (NP-SBJ-1 both Messrs. Eward and Whittington) (VP had (VP planned (S (NP-SBJ *-1) (VP to (VP leave (NP the bank) (ADVP-TMP earlier))))))) , but (S (NP-SBJ Mr. Craven) (VP had (VP persuaded (NP-2 them) (S (NP-SBJ *-2) (VP to (VP remain (SBAR-TMP until (S (NP-SBJ the bank) (VP was (PP-LOC-PRD in (NP a healthy position)))))))))))))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ there) (VP 's (NP-PRD (NP any coincidence) (PP about (NP the departures)))))) (NP-SBJ it) (VP 's (SBAR-PRD that (S (NP-SBJ they) (VP are (VP leaving (PP-TMP at (NP (NP a time) (SBAR (WHADVP-1 when) (S (NP-SBJ the business) (VP is (UCP-PRD (PP-LOC in (NP (ADJP reasonably good) shape)) and (VP going (ADVP-DIR forward) (ADVP-MNR very well))) (ADVP-TMP *T*-1))))))))))) . '')) (TOP (S (NP-TMP Last month) , (NP-SBJ Morgan Grenfell) (VP announced (SBAR 0 (S (NP-SBJ-1 its pretax profit) (VP rose (NP-EXT 49.6 %) (PP-DIR to (NP (QP # 32.8 million) *U*)) (PP-TMP in (NP the first half)) , (S-ADV (NP-SBJ-2 *-1) (VP boosted (NP *-2) (PP by (NP-LGS (NP a healthy growth) (PP-LOC in (NP its (ADJP domestic and international) corporate finance business)))))))))) .)) (TOP (S (NP-SBJ-1 The following) (VP were (PP-LOC-PRD among (NP (NP (NP yesterday 's) offerings and pricings) (PP-LOC in (NP the U.S. and non-U.S. capital markets)))) , (PP with (NP (NP terms) and (NP syndicate manager))) , (SBAR-ADV as (S (NP-SBJ-2 *-1) (VP compiled (NP *-2) (PP by (NP-LGS Dow Jones Capital Markets Report)))))) :)) (TOP (NP (NP Lockheed Corp.) -- (NP (NP (QP $ 300 million) *U*) (PP of (NP (NP (ADJP (QP 9 3) %) notes) (ADJP due (NP-TMP Oct. 15 , 1999)) , (VP priced (NP-1 *) (PP-CLR at (NP 99.90)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 9.39 %)))))))) .)) (TOP (S (NP-SBJ-2 The issue) (VP was (VP priced (NP *-2) (PP-CLR at (PP (NP (NP a spread) (PP of (NP (NP 137.5 basis points)))) above (NP (NP the Treasury 's) 10-year note))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-4) (VP (VP Rated (S (NP-SBJ *-1) (ADJP-PRD-2 single-A-3)) (PP-3 by (NP-LGS (NP Moody 's) Investors Service Inc.))) and (VP (ADJP-PRD=2 single-A) (PP=3 by (NP-LGS (NP Standard & Poor 's) Corp.))))) , (NP-SBJ-4 the issue) (VP will (VP be (VP sold (NP *-4) (PP through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Goldman , Sachs & Co)))))))) .)) (TOP (NP (NP California Health Facilities Financing Authority) -- (NP (NP (QP $ 144.35 million) *U*) (PP of (NP (NP revenue bonds) (PP for (NP Kaiser Permanente)) , (ADJP due (NP-TMP 19931999 , 2004 , 2008 , 2018 and 2019)) , (VP (ADVP-MNR tentatively) priced (NP-1 *) (PP by (NP a PaineWebber Inc. group)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (PP (PP from (NP (NP 6.25 %) (PP-TMP in (NP 1993)))) (PP to (NP (NP 7.227 %) (PP-TMP in (NP 2018)))))))))))) .)) (TOP (S (NP-SBJ-1 Serial bonds) (VP were (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP (QP to 6.80) %) (PP-TMP in (NP 1999))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (NP (QP about $ 10 million) *U*) (PP of (NP (NP (ADJP 7 %) bonds) (VP priced (NP-1 *) (PP-CLR at (NP (QP 99 1))) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 7.081 %) (PP-TMP in (NP 2004))))))))) ; (NP (NP (QP about $ 15 million) *U*) (PP of (NP (NP (ADJP 7 %) bonds) (VP priced (NP-2 *) (PP-CLR at (NP (QP 98 1))) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 7.145 %) (PP-TMP in (NP 2008))))))))) ; (NP (NP (QP about $ 88.35 million) *U*) (PP of (NP (NP (ADJP 7 %) bonds) (VP priced (NP-3 *) (PP-CLR at (NP (QP 97 1))) (S-CLR (NP-SBJ *-3) (VP to (VP yield (NP 7.227 %) (PP-TMP in (NP 2018))))))))) ; and (NP (NP (QP about $ 15 million) *U*) (PP of (NP (NP (ADJP (QP 6 3) %) bonds) (VP priced (NP-4 *) (S-CLR (NP-SBJ *-4) (VP to (VP yield (NP 7.15 %) (PP-TMP in (NP 2019))))))))))) .)) (TOP (S (NP-SBJ-3 The bonds) (VP are (VP (VP rated (S (NP-SBJ *-3) (ADJP-PRD-1 double-A-2)) (PP-2 by (NP-LGS Moody 's))) and (VP (ADJP-PRD=1 double-A) (PP=2 by (NP-LGS S&P))) , (PP according (PP to (NP the lead underwriter))))) .)) (TOP (NP (NP Pennsylvania Higher Education Facilities Authority) -- (NP (NP (QP approximately $ 117 million) *U*) (PP of (NP (NP revenue bonds) (PP for (NP Hahnemann University)) , (NP Series 1989) , (ADJP due (NP-TMP 1990-2002 , 2009 and 2019)) , (VP priced (NP-1 *) (NP-TMP late Monday) (PP by (NP-LGS a Merrill Lynch Capital Markets group)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (PP (PP from (NP (NP 6 %) (PP-TMP in (NP 1990)))) (PP to (NP (NP 7.282 %) (PP-TMP in (NP 2019)))))))))))) .)) (TOP (S (NP-SBJ-1 Serial bonds) (VP were (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP (PP from (NP (NP 6 %) (PP-TMP in (NP 1990)))) (PP to (NP (NP 7.10 %) (PP-TMP in (NP 2002)))))))))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (NP (QP about $ 25.6 million) *U*) (PP of (NP (NP (ADJP 7.2 %) term bonds) (ADJP due (NP-TMP 2009)) , (VP priced (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 7.25 %)))))))) , and (NP (NP (QP about $ 66.8 million) *U*) (PP of (NP (NP (ADJP 7.2 %) term bonds) (ADJP due (NP-TMP 2019)) , (VP priced (NP-2 *) (PP-CLR at (NP 99)) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 7.282 %)))))))))) .)) (TOP (S (NP-SBJ-1 The bonds) (VP are (VP (VP (VP insured (NP *-1) (PP *RNR*-2)) and (VP rated (S (NP-SBJ *-1) (ADJP-PRD triple-A)) (PP *RNR*-2))) (PP-2 by (NP-LGS (NP Moody 's) and (NP S&P))))) .)) (TOP (NP (NP Connecticut) -- (NP (NP (QP $ 100.4 million) *U*) (PP of (NP (NP general obligation capital appreciation bonds) , (NP College Savings Plan) , (NP 1989 Series B) , (VP priced (NP *) (PP by (NP-LGS a Prudential-Bache Capital Funding group)))))) .)) (TOP (S (NP-SBJ-1 The zero-coupon bonds) (VP were (VP priced (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP yield (PP-CLR to (NP maturity)) (PP (PP from (NP (NP 6.25 %) (PP-TMP in (NP 1994)))) (PP to (NP (NP 6.90 %) (PP-TMP in (NP 2006 , 2007 and 2009)))))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ The bonds) (VP have (VP received (NP (NP a rating) (PP of (ADJP double-A-1))) (PP-DIR from (NP Moody 's))))) , and (S (NP-SBJ-2 a double-A-plus rating) (VP is (VP expected (NP *-2) (PP-CLR from (NP S&P)))))) , (NP-SBJ the underwriter) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (NP (NP Oregon) -- (NP (NP (QP $ 100 million) *U*) (PP of (NP (NP (NP general obligation veterans ') tax notes) , (NP Series 1989) , (UCP (VP dated (S (NP-SBJ *) (NP-PRD Nov. 1 , 1989))) , and (ADJP due (NP-TMP Nov. 1 , 1990)) ,) (PP through (NP a Chemical Securities Inc. group))))) .)) (TOP (S (NP-SBJ The group) (VP is (VP offering (NP (NP the notes) (VP priced (NP-1 *) (PP-CLR as (NP (ADJP (QP 6 3) %) securities)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 6.25 %)))))))) .)) (TOP (S (NP-SBJ-2 The notes) (VP are (VP (VP rated (S (NP-SBJ *-2) (ADJP-PRD-1 MIG-1)) (PP by (NP-LGS-3 Moody 's))) and (VP (ADJP-PRD=1 SP1-plus) (PP by (NP-LGS=3 S&P))))) .)) (TOP (NP (NP (NP University) (PP of (NP Medicine and Dentistry)) (PP of (NP New Jersey))) -- (NP (NP (QP $ 55.8 million) *U*) (PP of (NP (NP Series C bonds) (VP priced (NP *) (PP by (NP-LGS a Prudential-Bache Capital Funding group)))))) .)) (TOP (S (NP-SBJ-3 (NP The bonds) , (VP (VP rated (S (NP-SBJ *) (ADJP-PRD-1 single-A)) (PP-2 by (NP-LGS Moody 's))) and (VP (ADJP-PRD=1 double-A) (PP=2 by (NP-LGS S&P)))) ,) (VP were (VP priced (NP-4 *-3) (S-CLR (NP-SBJ *-4) (VP to (VP yield (PP (PP from (NP (NP 6.20 %) (PP-TMP in (NP 1992)))) (PP to (NP (NP 7.26 %) (PP-TMP in (NP 2019)))))))))) .)) (TOP (S (NP-SBJ-2 (NP All serial bonds) (PP *ICH*-1)) (VP are (VP being (VP offered (NP *-2) (PP at (NP par)) (PP-1 except (NP (NP those) (ADJP due (NP-TMP 2002))))))) .)) (TOP (NP (NP Federal Home Loan Mortgage Corp.) -- (NP (NP (QP $ 500 million) *U*) (PP of (NP (NP Remic mortgage securities) (VP being (VP offered (PP-LOC in (NP eight classes)) (PP by (NP-LGS Salomon Brothers Inc))))))) .)) (TOP (S (NP-SBJ-1 (NP The offering) , (NP Series 104) ,) (VP is (VP backed (NP *-1) (PP by (NP-LGS Freddie Mac (ADJP 9 %) securities)))) .)) (TOP (S (NP-SBJ The issue) (VP used (NP at-market pricing)) .)) (TOP (NP (NP Federal National Mortgage Association) -- (NP (NP (QP $ 350 million) *U*) (PP of (NP (NP Remic mortgage securities) (VP being (VP offered (PP-LOC in (NP 11 classes)) (PP by (NP-LGS Greenwich Capital Markets))))))) .)) (TOP (S (NP-SBJ-1 (NP The offering) , (NP Series 1989-82) ,) (VP is (VP (VP backed (NP *-1) (PP by (NP-LGS Fannie Mae (ADJP (QP 9 1) %) securities))) and (VP used (NP at-market pricing)))) .)) (TOP (S (NP-SBJ The issue) (VP (VP brings (NP-1 (NP Fannie Mae 's) 1989 Remic issuance) (PP-DIR-2 to (NP (QP $ 30.2 billion) *U*))) and (VP (NP=1 (NP its total volume) (SBAR-TMP *ICH*-3)) (PP-DIR=2 to (NP (QP $ 42.3 billion) *U*)) (SBAR-TMP-3 since (S (NP-SBJ the program) (VP began (PP-TMP in (NP April 1987))))))) .)) (TOP (NP (NP (NP Hanshin Electric Railway Co .) (PRN -LRB- (NP-LOC Japan) -RRB-)) -- (NP (NP (QP $ 150 million) *U*) (PP of (NP (NP bonds) (ADJP due (NP-TMP Nov. 2 , 1993)) , (PP with (NP (NP equity-purchase warrants) , (VP indicating (NP (NP a (ADJP 4 %) coupon) (PP at (NP par)))) ,)) (PP via (NP Nomura International Ltd))))) .)) (TOP (S (NP-SBJ Each (ADJP $ 5,000 *U*) bond) (VP carries (NP (NP one warrant) , (ADJP exercisable (PP-TMP (PP from (NP Nov. 16 , 1989 ,)) (PP through (NP Oct. 19 , 1993 ,))) (S (NP-SBJ *) (VP to (VP buy (NP company shares) (PP at (NP (NP an expected premium) (PP of (NP (QP 2 1) %)) (PP to (NP the closing share price))))))) (SBAR (WHADVP-2 when) (S (NP-SBJ-1 terms) (VP are (VP fixed (NP *-1) (NP-TMP Oct. 24) (ADVP-TMP *T*-2)))))))) .)) (TOP (NP (NP (NP Toyobo Co .) (PRN -LRB- (NP-LOC Japan) -RRB-)) -- (NP (NP (QP $ 150 million) *U*) (PP of (NP (NP bonds) (ADJP due (NP-TMP Nov. 1 , 1993)) , (PP with (NP equity-purchase warrants)) , (VP indicating (NP (NP a (ADJP 4 %) coupon) (PP at (NP par)))) , (PP via (NP Daiwa Europe Ltd))))) .)) (TOP (S (NP-SBJ Each (ADJP $ 5000 *U*) bond) (VP carries (NP (NP one warrant) , (ADJP exercisable (PP-TMP (PP from (NP Nov. 15 , 1989 ,)) (PP to (NP Oct. 18 , 1993 ,))) (S (NP-SBJ *) (VP to (VP buy (NP company shares) (PP at (NP (NP an expected premium) (PP of (NP (QP 2 1) %)) (PP to (NP the closing share price))))))) (SBAR (WHADVP-2 when) (S (NP-SBJ-1 terms) (VP are (VP fixed (NP *-1) (NP-TMP Oct. 23) (ADVP-TMP *T*-2)))))))) .)) (TOP (NP (NP (NP Sammi Steel Co .) (PRN -LRB- (NP-LOC Korea) -RRB-)) -- (NP (NP (QP $ 50 million) *U*) (PP of (NP (NP bonds) (ADJP due (NP-TMP Nov. 8 , 1994) ,) (PP with (NP equity-purchase warrants)) , (VP indicating (NP (NP a (ADJP (QP 1 1/4 % to 1 3/4 %) *U*) coupon) (PP at (NP par)))) , (PP via (NP (NP Merrill Lynch International Ltd.) and (NP Dong Suh Securities Co)))))) .)) (TOP (S (NP-SBJ Each (ADJP $ 5,000 *U*) bond) (VP carries (NP (NP one warrant) , (ADJP exercisable (PP-TMP (PP from (NP May 8 , 1991 ,)) (PP through (NP Oct. 8 , 1994 ,))) (S (NP-SBJ *) (VP to (VP buy (NP company shares) (PP at (NP (NP an expected premium) (PP of (NP (QP 75 % to 85 %) *U*)) (PP to (NP the closing share price))))))) (SBAR (WHADVP-2 when) (S (NP-SBJ-1 terms) (VP are (VP fixed (NP *-1) (NP-TMP Oct. 18) (ADVP-TMP *T*-2)))))))) .)) (TOP (NP (NP (NP Redland International Funding PLC) (PRN -LRB- (NP-LOC U.K. parent) -RRB-)) -- (NP (NP (QP 150 million) Australian dollars) (PP of (NP (NP (ADJP (QP 15 3) %) bonds) (ADJP due (NP-TMP Nov. 8 , 1996 ,)) (VP priced (NP-1 *) (PP at (NP (QP 101 3))) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP (NP 15.44 %) (PP less (NP full fees))))))) , (PP via (NP JP Morgan Securities Ltd))))) .)) (TOP (S (NP-SBJ-1 *) (VP Guaranteed (NP *-1) (PP by (NP-LGS Redland PLC))) .)) (TOP (NP Fees 2 .)) (TOP (NP (NP Tennessee Valley Authority) -- (NP (NP A (ADJP (QP $ 4 billion) *U*) , three-part offering) (PP of (NP (NP power bonds) (VP priced (NP *) (PP through (NP (NP an underwriting group) (VP led (NP *) (PP by (NP-LGS First Boston Corp))))))))) .)) (TOP (S (NP-SBJ-1 (NP The size) (PP of (NP the issue))) (VP was (VP increased (NP *-1) (PP-CLR from (NP an (ADJP originally planned) (QP $ 3 billion) *U*)))) .)) (TOP (S (NP-SBJ-1 (NP The first part) , (VP consisting (PP-CLR of (NP (NP (QP $ 2 billion) *U*) (PP of (NP (NP bonds) (ADJP due (NP-TMP Oct. 1 , 2019 ,)) (PP with (NP a five-year non-call provision))))))) ,) (VP was (VP priced (NP-2 *-1) (PP as (NP (ADJP (QP 8 3) %) securities)) (PP-CLR at (NP 96.808)) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 9.06 %)))))) .)) (TOP (S (NP-SBJ-1 The 30-year issue) (VP was (VP priced (NP *-1) (PP-CLR at (PP (NP (NP a spread) (PP of (NP 105 basis points))) above (NP (NP the Treasury 's) 30-year bellwether bond))))) .)) (TOP (S (NP-SBJ-1 (NP The second part) , (VP consisting (PP-CLR of (NP (NP (QP $ 1 billion) *U*) (PP of (NP (NP noncallable bonds) (ADJP due (NP-TMP Oct. 1 , 1999))))))) ,) (VP was (VP priced (NP-2 *-1) (PP as (NP (ADJP (QP 8 3) %) securities)) (PP-CLR at (NP 99.691)) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 8.42 %)))))) .)) (TOP (S (NP-SBJ-1 The 10-year issue) (VP was (VP priced (NP *-1) (PP-CLR at (PP (NP (NP a spread) (PP of (NP 43 basis points))) above (NP (NP the Treasury 's) 10-year note))))) .)) (TOP (S (NP-SBJ-1 (NP The third part) , (VP consisting (PP-CLR of (NP (NP (QP $ 1 billion) *U*) (PP of (NP (NP noncallable bonds) (ADJP due (NP-TMP Oct. 1 , 1994))))))) ,) (VP was (VP priced (NP-2 *-1) (PP as (NP (ADJP (QP 8 1) %) securities)) (PP-CLR at (NP 99.672)) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 8.33 %)))))) .)) (TOP (S (NP-SBJ-1 The five-year issue) (VP was (VP priced (NP *-1) (PP-CLR at (PP (NP (NP a spread) (PP of (NP 43 basis points))) above (NP (NP the Treasury 's) comparable note))))) .)) (TOP (S (NP-SBJ-1 The issue) (VP is (VP (VP rated (S (NP-SBJ *-1) (ADJP-PRD-2 triple-A)) (PP-3 by (NP-LGS Moody 's))) and (VP (ADJP-PRD=2 triple-A) (PP=3 by (NP-LGS S&P))))) .)) (TOP (S (NP-SBJ Par Pharmaceutical Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP named (NP (NP its interim (NX (NX president) and (NX chief executive officer))) , (NP Kenneth I. Sawyer) ,) (PP-CLR to (NP those posts)) (ADVP-MNR permanently)) , and (VP elected (NP him) (PP-CLR to (NP the board))))))) .)) (TOP (S (NP-SBJ Par) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP advised (NP *-1) (PP by (NP-LGS (NP the U.S. attorney) (PP for (NP Maryland)))) (SBAR that (S (NP-SBJ it) (VP is (NP-PRD (NP one) (PP of (NP (NP a number) (PP of (NP (NP companies) (VP being (VP investigated (NP *) (PP by (NP-LGS a federal grand jury)) (PP-PRP for (NP (NP alleged violations) (PP of (NP the federal Food , Drug and Cosmetic Act))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Par) , (NP (NP a generic-drug maker) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP plagued (NP *-1) (PP by (NP-LGS management problems)))))))) ,) (VP was (ADVP-TMP already) (NP-PRD (NP the subject) (PP of (NP (NP (NP a federal criminal inquiry) (PP into (NP the drug-approval process))) and (NP a Food and Drug Administration investigation))))) .)) (TOP (S (NP-SBJ A Par spokesman) (VP said (SBAR 0 (S (NP-SBJ he) (VP understood (SBAR 0 (S (NP-SBJ (NP the criminal investigation) (PP-LOC in (NP Maryland))) (VP relates (PP-CLR to (NP (NP matters) (SBAR (WHNP-1 0) (S (NP-SBJ Par) (VP disclosed (NP *T*-1) (PP-TMP in (NP (NP July) , (SBAR (WHADVP-2 when) (S (NP-SBJ Par) (VP said (SBAR 0 (S (NP-SBJ it) (VP filed (NP false drug information) (PP-CLR with (NP the FDA))))) (ADVP-TMP *T*-2)))))))))))))))))) .)) (TOP (S (PP-TMP At (NP the time)) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP (VP was (VP recalling (NP (NP one) (PP of (NP its drugs))))) and (VP had (VP stopped (S (NP-SBJ *-1) (VP selling (NP two others))))))))) .)) (TOP (S (NP-SBJ The spokesman) (VP said (SBAR 0 (S (NP-SBJ he) (ADVP also) (VP understood (SBAR that (S (NP-SBJ the inquiry) (VP related (PP-CLR to (NP (NP the existence) (PP of (NP an `` off-the-record '' production book))))))))))) .)) (TOP (S (NP-SBJ The book) (VP noted (NP (NP changes) (VP made (NP *) (PP-LOC at (NP the manufacturing level))) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP were n't (VP disclosed (NP *-2) (PP-CLR to (NP the FDA)))))))) .)) (TOP (S (NP-SBJ Par) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP cooperating (PP-LOC-CLR in (NP the investigation))))))) .)) (TOP (S (ADVP Also) (NP-TMP yesterday) , (NP-SBJ-1 (NP Ashok Patel) , (NP (NP a former Par official) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP pleaded (ADJP-PRD guilty (PP to (S-NOM (NP-SBJ *-3) (VP providing (NP an FDA employee) (NP (NP an illegal gratuity) (PP of (NP $ 3,000 *U*))))))))))) ,) (VP was (VP sentenced (NP *-1) (PP by (NP-LGS a federal judge)) (PP-LOC in (NP Baltimore)) (PP-CLR to (NP (NP (NP one year) (PP of (NP community service))) and (NP a (ADJP (QP $ 150,000) *U*) fine))))) .)) (TOP (S (NP-SBJ-1 Mr. Patel) (ADVP also) (VP was (VP placed (NP *-1) (PP-CLR on (NP (NP three years ') probation)))) .)) (TOP (S (NP-SBJ Mr. Patel) (VP resigned (PP as (NP (NP senior vice president) (PP of (NP Par)))) (PP-TMP in (NP April))) .)) (TOP (S (PP-TMP In (NP July)) , (NP-SBJ-1 (NP Par) and (NP a 60%-owned unit)) (VP agreed (S (NP-SBJ *-1) (VP to (VP plead (ADJP-PRD guilty) (PP-LOC in (NP that inquiry)) , (SBAR-ADV as (SINV did (NP-SBJ another former Par official) (VP *?*))))))) .)) (TOP (S (NP-SBJ-1 Mr. Sawyer) (VP began (S (NP-SBJ *-1) (VP running (NP the company) (PP on (NP an interim basis)) (PP-TMP in (NP late September))))) .)) (TOP (S (NP-SBJ Par) (VP said (SBAR 0 (S (NP-SBJ it) (VP selected (NP him) (PP-CLR for (NP (NP the posts) (PP of (NP (NP president) and (NP chief executive))))) (PP on (NP a permanent basis)) (PP-PRP because of (NP (NP (NP his experience) (PP-LOC in (NP the industry))) and (NP (NP his performance) (PP-LOC at (NP Par))))))))) .)) (TOP (S (NP-SBJ (NP Perry Levine) , (NP chairman) ,) (VP said (SBAR 0 (S (NP-SBJ Mr. Sawyer) (VP had (VP `` taken (NP (NP significant steps) '' (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP restore (NP (NP the company 's) (NX (NX credibility) and (NX (NX sense) (PP of (NP professionalism and integrity))))))))))))))) .)) (TOP (S (PP-TMP (ADVP Just) after (NP midnight)) (NP-TMP Monday) , (NP-SBJ-1 federal spending) (VP started (S (NP-SBJ *-1) (VP to (VP drop (PP-EXT by (NP (QP $ 16 billion) *U*)))))) .)) (TOP (X (SBARQ (WHNP What) (SQ do (NP-SBJ you) (VP say) (S (NP-SBJ (NP we) (NP all)) (VP (VP close (PRT down) (NP the poker game)) , (VP go (NP home)) and (VP bank (NP the (QP $ 16 billion) *U*))))) ?))) (TOP (S (S (NP-SBJ That) (VP 's (ADVP essentially) (SBAR-PRD (WHNP-1 what) (S (NP-SBJ budget director Richard Darman) (VP is (VP suggesting (NP *T*-1))))))) , and (S (NP-SBJ we) (VP think (SBAR 0 (S (NP-SBJ he) (VP deserves (NP (NP as much support) (SBAR as (S (NP-SBJ he) (VP can (VP get (NP *?*))))))))))) .)) (TOP (S (SBAR-ADV If (S (S (NP-SBJ human beings) (VP ca n't (VP cut (NP federal spending) (ADVP-MNR honestly)))) (PRN -- and (S (NP-SBJ they) (VP ca n't (VP *?*))) --))) (NP-SBJ *) (VP let (S (NP-SBJ the computers) (VP do (NP it)))) .)) (TOP (S (NP-SBJ Congress) , (PP with (NP (NP a measure) (PP of (NP White House complicity)))) , (VP has (VP been (VP manipulating (NP the spending accounts) (PP-TMP for (NP years)) (PP-LOC under (NP (NP the cover) (PP of (NP omnibus appropriations bills))))))) .)) (TOP (PRN (S -LRB- (ADVP Indeed) (PP without (NP earlier manipulations)) , (NP-SBJ (NP the current sequester) (PP of (NP (QP $ 16 billion) *U*))) (VP would (VP have (VP been (ADJP-PRD even larger)))) .) -RRB-)) (TOP (S (NP-SBJ We) (VP suspect (SBAR 0 (S (NP-SBJ voters) (VP are (VP fed (PRT up) (PP-CLR with (NP the finagling))))))) .)) (TOP (S (NP-SBJ *) (VP Consider , (PP for (NP instance)) , (SBAR that (S (NP-SBJ-2 even (NP yesterday 's) (ADJP widely publicized) sequester) (VP is (ADJP-PRD likely (S (NP-SBJ-1 *-2) (VP to (VP be (VP traduced (NP *-1)))))) (SBAR-ADV if (S (NP-SBJ-3 (NP business) (PP as (ADJP usual))) (VP is (VP allowed (S (NP-SBJ *-3) (VP to (VP prevail))))))))))) .)) (TOP (S (PP-LOC Under (NP the law)) , (NP-SBJ-1 (NP (NP Gramm-Rudman 's) across-the-board-cuts) (PP-LOC in (NP federal programs))) (VP are (VP supposed (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD permanent)))))) .)) (TOP (S (NP-SBJ-1 (NP Social Security) and (NP (NP spending) (PP for (NP poor people)))) (VP are (VP exempted (NP *-1))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP (NP the Associated Press 's) account) (PP of (NP (NP the Monday sequester order) (VP signed (NP *) (PP by (NP-LGS President Bush)))))) (VP (ADVP-MNR neatly) captured (NP (NP the contempt) (SBAR (WHNP-1 0) (S (NP-SBJ Congress) (VP shows (NP *T*-1)))) (PP toward (NP (NP the notion) (PP of (NP a (ADJP legally binding) commitment)))))) :)) (TOP (S `` (NP-SBJ Lawmakers) (VP have (VP been (VP saying (PP-TMP for (NP weeks)) (SBAR that (S (NP-SBJ-2 they) (VP plan (S (NP-SBJ *-2) (VP to (VP roll (PRT back) (NP the cuts) (ADVP-TMP (ADVP as soon) (SBAR as (S (NP-SBJ they) (VP agree (PP-CLR to (NP (NP a compromise) (PP-LOC on (NP a deficit-cutting bill))))))))))))))))) . '')) (TOP (S (NP-SBJ (NP Mr. Darman 's) inclination (S (NP-SBJ *) (VP to (VP save (NP the sequester))))) (VP was (VP backed (PRT up) (NP-TMP yesterday) (PP by (NP-LGS White House Press Secretary Marlin Fitzwater)))) :)) (TOP (S `` (NP-SBJ There) (VP is (NP-PRD some feeling (SBAR *ICH*-1)) (ADVP-LOC here) (SBAR-1 that (S (NP-SBJ the cuts) (VP are (NP-PRD (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP go (ADVP-DIR *T*-2)))))))))) .)) (TOP (S (NP-SBJ It) (VP will (VP reduce (NP spending) (PP-MNR in (NP a (ADJP very effective) fashion)))) . '')) (TOP (S (NP-SBJ This attitude) (VP is (VP being (VP waved (PRT away) (PP by (NP-LGS (NP sophisticates) (PP-LOC around (NP Washington)))) (PP-CLR as (NP (NP little more) (PP than (NP tough talk))))))) .)) (TOP (S (NP-SBJ It) (VP looks (PP to (NP us)) (PP-CLR like (NP a golden opportunity (SBAR for (S (NP-SBJ George Bush) (VP to (VP chop (PRT off) (PP-LOC at (NP the knees)) (NP (NP all this talk) (PP about (NP a timid , unserious presidency)))))))))) .)) (TOP (S (NP-SBJ Mr. Bush) (VP would (VP be (VP acting (PP in (NP the public interest)) (SBAR-ADV if (S (NP-SBJ he) (VP let (NP (NP (NP the Washington elites) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP manipulate (NP these budgets))))) -- (NP (NP the bureaucrats) , (NP the lobbyists) , (NP the congressional staffers)) --) (VP live (PP-TMP for (NP (QP just one) year)) (PP-CLR on (NP a restricted diet))))))))) .)) (TOP (S (S (NP-SBJ *) (VP Ask (NP Tommy Lasorda))) ; (S (NP-SBJ thin) (VP is (ADVP-PRD in))) .)) (TOP (S (S (NP-SBJ Senator Phil Gramm) (VP pointed (PRT out) (NP-TMP Monday) (SBAR that (S (PP-TMP in (NP (NP the 20 years) (SBAR-TMP before (S (NP-SBJ-1 Gramm-Rudman) (VP was (VP enacted (NP *-1) (PP-TMP in (NP 1985)))))))) , (NP-SBJ federal spending) (VP grew (PP-EXT by (NP (NP (QP about 11) %) (NP-ADV a year)))))))) ; (S (PP-TMP since (NP the law)) , (NP-SBJ it) (VP 's (VP grown (PP at (NP (NP (QP under 5) %) (ADVP annually)))))) .)) (TOP (S (NP-SBJ (NP Another major factor) (PP-LOC in (NP this positive trend))) (VP was (NP-PRD (NP (NP Ronald Reagan 's) decision (S *ICH*-1)) (ADVP-TMP early (PP in (NP his presidency))) (S-1 (NP-SBJ-2 *) (VP to (VP fight (NP the budget war) (PP-LOC on (NP the expenditure side)) (PP rather than (S-NOM (NP-SBJ *-2) (VP raising (NP taxes))))))))) .)) (TOP (S (NP-SBJ (NP (NP George Bush 's) continued support) (PP of (NP the tax dam))) (VP sustains (NP (NP this strategy) (PP of (S-NOM (NP-SBJ *) (VP pressuring (S (NP-SBJ-2 Congress) (VP to (VP make (NP choices) (PP-LOC among (NP competing priorities)) , (PP rather than (S-NOM (NP-SBJ *-2) (VP (ADVP just) saying (INTJ yes) (PP-CLR to (NP (NP all the grateful special-interest constituencies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP fill (NP the PAC trough))))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 (NP Washington 's) elites) (ADVP-TMP ever) (VP succeed (PP-CLR in (S-NOM (NP-SBJ *-2) (VP bursting (NP the tax dam))))))) , (NP-SBJ-1 Americans) (VP will (VP be (VP engulfed (NP *-1) (PP-LOC-CLR in (NP (NP a red sea) (PP of (NP (NP new spending programs) , (PP such as (NP federalized child care))))))))) .)) (TOP (S (NP-SBJ Child care) (VP was (NP-PRD (NP one) (PP of (NP (NP the many `` extraneous '' bills) (VP pulled (NP *) (ADVP-CLR out (PP of (NP (NP the Senate 's) reconciliation bill))) (NP-TMP last Friday)))))) .)) (TOP (S (NP-SBJ Others) (VP were (NP-PRD (NP the capital-gains cut) , (NP Section 89 repeal) , (NP the disabled workers bill) , and (NP (NP the unprecedented reconsideration) (PP of (NP the catastrophic health act))))) .)) (TOP (S (S (NP-SBJ All this stuff) (ADVP-TMP still) (VP is (PP-LOC-PRD in (NP (NP the House 's) 1,878-page reconciliation bill)))) , and (S (NP-SBJ many Members) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP 're (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP pull (PRT out) (NP cherished bills) , (S-PRP (NP-SBJ *) (ADVP just) (VP to (VP see (S (NP-SBJ them) (VP die)))))))))))))) .)) (TOP (S (NP-SBJ Republicans) (VP (ADVP-MNR especially) want (NP (NP a guarantee (SBAR *ICH*-1)) (PP from (NP the House leadership)) (SBAR-1 that (S (NP-SBJ they) (VP 'll (VP get (NP (NP an up-or-down vote) (PP on (NP the bills))))))))) .)) (TOP (S (NP-SBJ-1 House Speaker Foley) (VP ought (S (NP-SBJ *-1) (VP to (VP deliver (NP that promise))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ-3 government) (VP is (VP supposed (S (NP-SBJ *-3) (VP to (VP work (ADVP-MNR *T*-2) , (PP with (S-NOM (NP-SBJ-4 politicians) (VP taking (NP responsibility) (PP-CLR for (NP (NP votes) (SBAR (WHNP-1 that) (S (NP-SBJ their constituents) (VP can (VP identify (NP *T*-1))))))) , (PP instead of (S-NOM (NP-SBJ *-4) (VP concealing (NP them) (PP-LOC-CLR in (NP the great reconciliation garbage truck))))))))))))))))) .)) (TOP (S (NP-SBJ We) (VP have (NP (NP as much nostalgia) (PP as (NP anyone)) (PP for (NP (NP those leafy , breezy days) (PP-LOC in (NP Washington)) (SBAR (WHADVP-7 when) (S (NP-SBJ-2 honorable men and women) (VP (VP dickered (PP-CLR over (NP budgets))) and (ADVP even) (VP log-rolled (NP-ADV a bit) (S-PRP (NP-SBJ *-2) (VP to (VP see (SBAR (SBAR that (S (S (NP-SBJ-3 the bridges) (VP got (VP-6 build (NP *-3)))) , (S (NP-SBJ=3-4 roads) (VP=6 paved (NP *-4))) , (S (NP-SBJ=3-5 soldiers) (VP=6 paid (NP *-5))))) or (SBAR that (S (NP-SBJ-1 the (ADJP desperately poor)) (VP were (VP cared (PP-CLR for (NP *-1))))))))))) (ADVP-TMP *T*-7)))))))) .)) (TOP (S (NP-SBJ-1 Those days) (VP are (ADJP-PRD gone)) .)) (TOP (SINV Nor do (NP-SBJ we) (VP see (NP (NP any reason) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP believe (SBAR that (S (NP-SBJ (NP a metropolitan Washington) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP gotten (ADJP-PRD fat and rich and lazy) (PP-LOC in (NP (NP the shadow) (PP of (NP the federal colossus))))))))) (VP will (VP change (NP-EXT much) (PP on (NP its own initiative)))))) (ADVP-PRP *T*-2))))))) .)) (TOP (S (NP-SBJ *) (VP (VP Save (NP the sequester)) , and (VP let (S (NP-SBJ Washington) (VP scream)))) .)) (TOP (S (NP-SBJ The New York Stock Exchange) (VP said (SBAR 0 (S (NP-SBJ a seat) (VP sold (PP-CLR for (NP $ 436,000 *U*)) , (ADVP down (NP $ 39,000 *U*) (PP from (NP (NP the previous sale) (NP-TMP Oct. 4)))))))) .)) (TOP (S (NP-SBJ-1 Seats) (VP are (ADVP-TMP currently) (VP quoted (NP *-1) (PP-CLR at (NP (NP (NP $ 425,000 *U*) (VP bid (NP *))) and (NP (NP $ 475,000 *U*) (VP offered (NP *))))))) .)) (TOP (S (NP-SBJ (NP The (ADJP $ 475,000 *U*) sale price) (NP-TMP earlier this month)) (VP was (NP-PRD (NP the lowest) (PP-TMP in (NP (QP nearly three) years)))) .)) (TOP (S (NP-SBJ Exchange seats) (VP hit (NP (NP a peak) (PP of (NP $ 1,150,000 *U*))) (PP-TMP in (NP September 1987))) .)) (TOP (S (NP-SBJ The Canadian government) (VP auctioned (NP (NP (QP 750 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 637.5 million) *U*) -RRB-) (PP of (NP (NP (ADJP 9.25 %) bonds) (ADJP due (NP-TMP Dec. 15 , 1994)))))) .)) (TOP (S (NP-SBJ (NP The average accepted yield) (VP bid (NP *))) (VP was (NP-PRD 9.617 %) (PP for (NP (NP a price equivalent) (PP of (NP 98.523))))) .)) (TOP (S (NP-SBJ-1 (NP Proceeds) (PP of (NP the sale))) (VP will (VP be (VP used (NP-2 *-1) (UCP (S-CLR (NP-SBJ *-2) (VP to (VP redeem (NP (NP (QP C$ 675 million) *U*) (PP of (NP (NP government bonds) (VP maturing (NP-TMP Nov. 1)))))))) and (PP-PRP for (NP general government purposes)))))) .)) (TOP (S (NP-SBJ Northern Trust Corp.) (VP (VP said (SBAR 0 (S (NP-SBJ its board) (VP adopted (NP (NP a shareholder rights plan) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP deterring (NP unwanted takeover bids)))))))))) , but (VP said (SBAR 0 (S (NP-SBJ it) (VP 's not (ADJP-PRD aware (PP of (NP any plan (S (NP-SBJ *) (VP to (VP acquire (NP the banking concern)))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP Northern Trust 's) plan)) , (NP-SBJ-1 shareholders) (VP were (VP issued (NP *-1) (NP (NP rights) (SBAR (WHNP-2 that) , (S (PP-LOC in (NP (NP the event) (PP of (NP certain attempted takeovers)))) , (NP-SBJ *T*-2) (VP allow (S (NP-SBJ holders) (VP to (VP buy (NP (NP shares) (PP-LOC in (NP the company))) (PP-CLR at (NP half price))))))))))) .)) (TOP (S (NP-SBJ National Patent Development Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP purchase (NP (NP (QP as many as 200,000) common shares) (PP of (NP its 81%-controlled Interferon Sciences Inc. unit))) (PP-LOC in (NP periodic , open-market purchases))))))))) .)) (TOP (S (NP-SBJ The 200,000 shares) (VP are (NP-PRD (NP (QP about 23) %) (PP of (NP (NP (NP Interferon 's) common shares) (ADJP outstanding)))) , (PP excluding (NP (NP National Patent 's) stake))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Noting (NP (NP the recent Food and Drug Administration approval) (PP of (NP (NP Interferon 's) genital warts treatment))))) , (NP-SBJ-1 National Patent) (VP said (SBAR 0 (S (NP-SBJ it) (VP believes (SBAR 0 (S (NP-SBJ (NP Interferon 's) stock) (VP is (ADJP-PRD undervalued)))))))) .)) (TOP (S (NP-SBJ-1 Japanese investors) , (S-ADV (NP-SBJ-2 *-1) (VP reassured (NP *-2) (PP by (NP-LGS (NP (NP Monday 's) strong rally) (PP-LOC on (NP Wall Street)))))) , (VP erased (NP (NP most) (PP of (NP (NP (NP that day 's) losses) (PP-LOC on (NP the Tokyo Stock Exchange)))))) .)) (TOP (S But (NP-SBJ analysts) (VP said (SBAR 0 (S (NP-SBJ the rebound) (VP did n't (VP remove (NP the cautious mood) (PP-DIR from (NP the market))))))) .)) (TOP (S (PP-LOC In (NP London)) , (NP-SBJ stocks) (VP closed (ADVP-CLR lower) (PP-LOC in (NP volatile trading)) (SBAR-ADV as (S (NP-SBJ-1 an opening rally) (VP was (VP obliterated (NP *-1) (PP by (NP-LGS worse-than-expected U.S. trade figures))))))) .)) (TOP (S (S (NP-SBJ Paris shares) (VP had (NP a similar reaction))) , but (S (NP-SBJ most other European bourses) (VP posted (NP gains) , (SBAR-ADV as (SINV did (NP-SBJ all major (ADJP Asian and Pacific) stock markets) (VP *?*))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Tokyo 's) Nikkei Index) (PP of (NP 225 stocks))) (VP jumped (NP-EXT 527.39 points) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP 34996.08)))))) .)) (TOP (S (NP-SBJ The rise) (VP came (PP-TMP (NP a day) after (NP (NP (NP the year 's) biggest drop) (PP-TMP on (NP (NP Monday) , (SBAR (WHADVP-1 when) (S (NP-SBJ the Nikkei) (VP fell (NP-EXT (NP 647.33) , or (NP 1.8 %) ,) (PP in (NP (NP response) (PP to (NP (NP (NP Friday 's) (ADJP 6.9 %) plunge) (PP-LOC on (NP Wall Street)))))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (PP-LOC In (NP early trading)) (NP-TMP Wednesday) (PP-LOC in (NP Tokyo)) , (NP-SBJ the Nikkei index) (VP rose (NP-EXT 19.30 points) (PP-DIR to (NP 35015.38))) .)) (TOP (S (PP-TMP On (NP Tuesday)) , (NP-SBJ (NP the broader-based Tokyo Stock Price Index) (PP of (NP (NP issues) (VP listed (NP *) (PP-LOC-CLR in (NP the first section))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP fell (NP-EXT 45.66) (NP-TMP Monday)))) ,) (VP rose (NP-EXT (NP 41.76) , or (NP 1.61 %) ,) (PP-DIR to (NP 2642.64))) .)) (TOP (S (NP-SBJ-1 Trading) (VP was (ADJP-PRD relatively thin) (PP-LOC at (NP an estimated (QP 650 million) shares)) , (SBAR-ADV though (S (NP-SBJ *-1) (ADJP-PRD (ADJP brisker) (PP than (NP (NP Monday 's) (QP 526 million))))))) .)) (TOP (S (NP-SBJ Advancing issues) (VP outnumbered (NP decliners) (ADVP-CLR 821-201) , (SBAR-ADV with (S (NP-SBJ 103) (ADJP-PRD unchanged)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're (ADVP-PRD back (PP to (NP square one))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Simon Smithson) , (NP (NP an analyst) (PP-LOC in (NP Japan)) (PP for (NP Kleinwort Benson International Inc)))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Japanese domestic institutions) , (PP including (NP (NP trust banks) and (NP investment management firms))) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (VP been (PP-LOC-PRD on (NP the sidelines)) (PP-TMP during (NP (NP Monday 's) fall))))))) (VP were (ADVP-PRD back (PP in (NP the market))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 Foreign investors) (ADVP reportedly) (VP (VP started (PRT off) (S (NP-SBJ *-1) (VP selling))) but (VP (ADVP-TMP later) joined (PP-CLR in (NP the buying)))) .)) (TOP (S (NP-SBJ-1 The Tokyo rally) (VP seemed (S (NP-SBJ *-1) (VP to (VP confirm (NP (NP the view (SBAR *ICH*-2)) , (VP (ADVP-TMP frequently) expressed (NP *) (PP-LOC in (NP Japan)) (PP-TMP in (NP the past few days))) , (SBAR-2 that (S (NP-SBJ (NP the drop) (PP-LOC in (NP New York))) (VP was (NP-PRD (NP a local problem) (ADJP related (PP to (NP (NP merger and acquisition activity) (PP-LOC in (NP the U.S)))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-TMP This time) (NP-SBJ-1 we) (VP do n't (ADVP really) (VP have (S (NP-SBJ *-1) (VP to (VP worry (PP-CLR about (NP Tokyo)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP an official) (PP-LOC at (NP Daiwa Securities Co))) .)) (TOP (S `` (NP-SBJ Nothing) (VP has (VP changed (ADVP-MNR fundamentally) (PP-LOC in (NP the Tokyo market)))) . '')) (TOP (S But (SBAR even though (S (NP-SBJ Tokyo) (VP appears (ADJP-PRD unharmed (PP by (NP recent market volatility)))))) , (NP-SBJ analysts and traders) (VP say (SBAR 0 (S (NP-SBJ there) (VP are (ADVP-TMP still) (NP-PRD a few concerns) (PP-LOC on (NP the horizon)))))) .)) (TOP (S (PP In (NP particular)) , (NP-SBJ-2 Japanese investors) (VP will (VP be (VP keeping (NP-CLR a wary eye) (PP-CLR on (NP Wall Street)) (S-PRP (NP-SBJ *-2) (VP to (VP see (SBAR whether (S (NP-SBJ (NP Monday 's) 88.12-point rally) (VP holds (PRT up) (SBAR-TMP as (S (NP-SBJ-1 fresh U.S. economic data) (VP are (VP released (NP *-1)))))))))))))) .)) (TOP (S `` (NP-SBJ People) (VP are (VP placing (NP small bets))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD no huge buying))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Stephen Hill) , (NP (NP head) (PP of (NP equity sales)) (PP-LOC at (NP (NP Jardine Fleming Securities Ltd.) (PP-LOC in (NP Tokyo)))))) .)) (TOP (S `` (NP-SBJ (ADJP Really brave) views) (ADVP-TMP right now) (VP would (VP be (ADJP-PRD foolhardy))) . '')) (TOP (S (S-TPC-1 (NP-SBJ (NP Yesterday 's) buyers) (VP favored (NP (NP real estate) , (NP construction) and (NP other large-capitalization issues)) , (S-ADV (NP-SBJ *) (VP reflecting (NP the fact (SBAR that (S (NP-SBJ many Tokyo investors) (ADVP-TMP now) (VP feel (ADJP-PRD safer) (PP with (NP (ADJP domestically oriented) stocks)))))))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ They) (ADVP also) (VP are (ADJP-PRD concerned (PP about (NP (NP the persistent strength) (PP of (NP the dollar)) (PP against (NP the yen))))) , (SBAR-PRP as (S (NP-SBJ a weaker yen) (VP (VP leads (PP-DIR to (NP (NP higher import prices) (PP-LOC in (NP Japan))))) and (VP adds (PP-CLR to (NP domestic inflationary pressures))))))) .)) (TOP (S (NP-SBJ Currency concerns) (ADVP also) (VP weigh (ADVP-MNR heavily) (PP-CLR on (NP (NP interest rate-sensitive stocks) (PP such as (NP (NP banking) and (NP other financial issues))))) (PP-PRP because of (NP fears (SBAR that (S (NP-SBJ-1 Japanese interest rates) (VP might (VP have (S (NP-SBJ *-1) (VP to (VP rise))) (S-PRP (NP-SBJ *) (VP to (VP keep (S (NP-SBJ the dollar) (PP-LOC-PRD in (NP check))))))))))))) .)) (TOP (S (PP-LOC Among (NP steel shares)) , (S (NP-SBJ NKK) (VP rose (NP-EXT 19) (PP-DIR to (NP (NP (NP 705 yen) (PRN -LRB- (NP $ 4.97 *U*) -RRB-)) (NP-ADV a share))))) , and (S (NP-SBJ Nippon Steel) (VP gained (NP-EXT 17) (PP-DIR to (NP 735)))) .)) (TOP (S (NP-SBJ (NP Construction shares) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP gained)))) (VP included (NP (NP Shimizu) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP rose (NP-EXT 130) (PP-DIR to (NP 2,080))))))) .)) (TOP (S (PP-LOC In (NP the real estate sector)) , (S (NP-SBJ Mitsui Real Estate Development) (VP was (ADVP-PRD up (NP 100)) (PP-LOC at (NP 2,760)))) , and (S (NP-SBJ Mitsubishi Estate) (VP gained (NP 80) (PP-DIR to (NP 2,360)))) .)) (TOP (S (NP-SBJ (NP London 's) Financial Times-Stock Exchange 100-share index) (VP fell (NP-EXT 27.9 points) (PP-DIR to (NP 2135.5))) .)) (TOP (S (NP-SBJ It) (VP was (ADVP-PRD down (NP (QP more than 40) points)) (PP-TMP (NP a half-hour) before (NP the close)) , (S-ADV (NP-SBJ *) (VP marking (NP (NP a 61.5-point turnaround) (PP from (NP (NP its high) , (VP reached (NP *) (PP-TMP in (NP (NP the first 15 minutes) (PP of (NP trading))))))))))) .)) (TOP (S (NP-SBJ The narrower Financial Times 30-share index) (VP fell (NP-EXT 29.6) (PP-DIR to (NP 1730.7))) .)) (TOP (S (NP-SBJ Volume) (VP was (NP-PRD (NP an active (QP 643.3 million) shares) , (UCP (NP (QP about double) the recent levels) but (ADVP down (PP from (NP (QP 959.3 million)) (NP-TMP (NP the previous day) , (SBAR (WHNP-1 which) (S (NP-SBJ U.K. traders) (VP have (VP dubbed (S (NP-SBJ *T*-1) `` (NP-PRD Manic Monday)))))))))))) . '')) (TOP (S (NP-SBJ Prices) (VP opened (ADVP-MNR strongly) (PP on (NP (NP the basis) (PP of (NP (NP (NP Monday 's) Wall Street rally) and (NP (NP (NP yesterday 's) gains) (PP-LOC in (NP Tokyo)))))))) .)) (TOP (S But (NP-SBJ the advance) (VP faltered (SBAR-TMP as (S (NP-SBJ (NP index-options traders) and (NP (NP investors) (ADJP jittery (PP about (NP the U.K. economic outlook))))) (VP took (PRT over))))) .)) (TOP (S (NP-SBJ (NP The (ADJP unexpectedly wide) U.S. August trade deficit) (PP of (NP (QP $ 10.77 billion) *U*))) (VP hit (NP an (ADJP already jittery) U.K. market) (PP-TMP in (NP midafternoon))) .)) (TOP (S (NP-SBJ (NP Michael Hicks) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP manages (NP sales and trading) (PP-PRP for (NP brokerage concern Societe Generale Strauss Turnbull))))) ,) (VP said : `` (S (NP-SBJ It) (VP 's (NP-PRD a nervous market)))) .)) (TOP (S (NP-SBJ It) (VP was (ADVP-LOC-PRD all over (NP the place))) .)) (TOP (S (S (SBAR-ADV If (S (NP-SBJ you) (VP bought))) , (NP-SBJ you) (VP wish (SBAR 0 (S (NP-SBJ you) (VP had n't (VP *?*)))))) , and (S (SBAR-ADV if (S (NP-SBJ you) (VP sold))) , (NP-SBJ you) (VP wish (SBAR 0 (S (NP-SBJ you) (VP had n't (VP *?*)))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (S (NP-SBJ the current market) `` (VP is (PP-PRD all about (NP sentiment)))) , and (S (NP-SBJ (NP the sentiment) (PP-LOC in (NP London))) (VP is (NP-PRD (ADJP 90 %) anxiety and worry)))))) . '')) (TOP (S-1 (NP-SBJ (NP Britain 's) economic fundamentals) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) `` (VP do n't (VP look (ADJP-PRD very bright))) . '')) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (S (NP-SBJ-1 London) (VP showed (NP (NP signs) (PP of (S-NOM (NP-SBJ *-1) (VP calming)))) (PP-TMP in (NP midafternoon)) (SBAR-TMP after (S (NP-SBJ Wall Street) (VP avoided (NP sharp losses) (PP despite (NP the trade report))))))) , but (S (NP-SBJ (NP a wave) (PP of (NP futures-related selling)) (ADVP-TMP later (PP in (NP the session)))) (VP sent (NP buyers) (ADVP-DIR back (PP to (NP the sidelines)))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ-2 some sectors) (VP found (NP buying interest) (PP-TMP after (S-NOM (NP-SBJ-1 *-2) (VP being (VP (ADVP-MNR actively) sold (NP *-1) (PP-TMP in (NP recent weeks))))))) .)) (TOP (S (NP-SBJ Merchant banks) (VP were (ADJP-PRD stronger) (ADVP-LOC across (NP the board))) .)) (TOP (S (NP-SBJ (NP Morgan Grenfell) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP mentioned (NP *-1) (PP-LOC in (NP takeover rumors))))))) ,) (VP rose (NP-EXT 20) (PP-DIR to (NP (NP (NP 392 pence) (PRN -LRB- (NP $ 6.18 *U*) -RRB-)) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ (NP S.G. Warburg) , (NP (NP a rumored target) (PP of (NP some European banking concerns))) ,) (VP finished (ADVP-CLR (NP 22) higher) (PP-LOC at (NP 400))) .)) (TOP (S (S (NP-SBJ Hambros) (VP rose (NP-EXT 5) (PP-DIR to (NP 204)))) , and (S (NP-SBJ Schroders) (VP rose (NP-EXT 25) (PP-DIR to (NP # 12.75 *U*)))) .)) (TOP (S (PP-LOC On (NP the corporate front)) , (NP-SBJ Ford Motor) (VP announced (SBAR that (S (NP-SBJ it) (VP raised (NP (NP its stake) (PP-LOC in (NP U.K. luxury car maker Jaguar))) (PP-DIR to (NP 10.4 %)) (PP-DIR from (NP 5 %)))))) .)) (TOP (S (NP-SBJ-1 Jaguar shares) (VP jumped (NP-EXT 23) (PP-TMP before (S-NOM (NP-SBJ-2 *-1) (VP easing (S-CLR (NP-SBJ *-2) (VP to (VP close (PP-CLR at (NP 654)) , (ADVP up (NP 6))))))))) .)) (TOP (S (NP-SBJ (NP Amstrad) , (NP a British computer hardware and communications equipment maker) ,) (VP eased (NP-EXT 4) (PP-DIR to (NP 47))) .)) (TOP (S (NP-SBJ It) (VP announced (NP (NP a (ADJP 52 %) plunge) (PP-LOC in (NP (NP pretax profit) (PP for (NP the latest year)))))) .)) (TOP (S (S (NP-SBJ Brewery stocks) (VP were (ADJP-PRD firm to higher) (PP on (NP (NP talk) (PP of (NP early bargain-hunting)))))) , but (S (NP-SBJ most) (VP ended (PP-LOC below (NP their peaks)))) .)) (TOP (S (S (NP-SBJ Bass) (VP ended (ADVP-CLR up) (ADVP-CLR (NP 3) higher) (PP-LOC at (NP 966)))) , (S (NP-SBJ Guinness) (VP closed (PP-CLR at (NP 589)) , (ADVP down (NP 7)))) , and (S (NP-SBJ Scottish & Newcastle) (VP dropped (NP-EXT 11) (PP-DIR to (NP 359)))) , but (S (NP-SBJ Whitbread Class A shares) (VP rose (NP-EXT 17) (PP-DIR to (NP 363)))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (NP-SBJ there) (VP was (NP-PRD (NP late talk) (PP of (NP (NP a Whitbread sale) (PP of (NP brewing operations)) (PP to (NP Scottish & Newcastle))))))))) .)) (TOP (S (NP-SBJ The most active shares) (VP were (NP-PRD (NP major blue-chips) , (NP (NP particularly oils and utilities) (PP such as (NP (NP British Gas) and (NP British Telecommunications)))))) .)) (TOP (S (NP-SBJ Traders) (VP attributed (NP (NP the action) (PP-LOC in (NP them))) (PP-CLR (ADVP largely) to (NP (NP defensive positioning) (PP-LOC in (NP a volatile market))))) .)) (TOP (S (S (NP-SBJ British Gas) (VP finished (PP-CLR at (NP 197)) , (ADVP down (NP 2)) , (PP on (NP (QP 13 million) shares)))) , (S (NP-SBJ British Petroleum) (VP fell (NP-EXT 8) (PP-DIR to (NP 291)) (PP on (NP (QP 9.4 million) shares)))) , and (S (NP-SBJ British Telecom) (VP was (ADVP-PRD (NP 4) lower) (PP-LOC at (NP 261)) (PP on (NP (NP turnover) (PP of (NP (QP 10 million) shares)))))) .)) (TOP (S (NP-SBJ Cable & Wireless) (VP fell (NP-EXT 20) (PP-DIR to (NP 478))) .)) (TOP (S (ADVP Also) (PP-LOC in (NP active trading)) , (NP-SBJ British Steel) (VP fell (NP-EXT 1) (PP-DIR to (NP 124)) (SBAR-ADV as (S (NP-SBJ (QP 20 million) shares) (VP changed (NP hands))))) .)) (TOP (S (NP-SBJ (NP Racal Electric) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP traded (NP (QP 11 million) shares)))) ,) (VP declined (NP-EXT 12) (PP-DIR to (NP 218))) .)) (TOP (S (PP-LOC In (NP other European markets)) , (NP-SBJ share prices) (VP (VP closed (ADVP-CLR sharply higher) (PP-LOC in (NP Frankfurt and Zurich))) and (VP posted (NP moderate rises) (PP-LOC in (NP Stockholm , Amsterdam and Milan)))) .)) (TOP (S (S (NP-SBJ Paris) (VP closed (ADVP-CLR lower))) , and (S (NP-SBJ-1 most Brussels shares) (VP were (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP trade)))) (PP-TMP for (NP a second consecutive day)) (PP-PRP because of (NP technical problems)))) .)) (TOP (S (NP-SBJ (ADJP South African) gold stocks) (VP closed (ADVP-CLR higher)) .)) (TOP (S (ADVP-LOC Elsewhere) , (NP-SBJ share prices) (VP rebounded (PP-LOC in (NP (NP Hong Kong) , (NP Sydney) , (NP Singapore) , (NP Wellington) , (NP Taipei) , (NP Manila) and (NP Seoul)))) .)) (TOP (S (PP-LOC In (NP (NP (NP Hong Kong) , (NP Sydney) and (NP Singapore)) -- (NP (NP the largest) (PP of (NP those exchanges))) --)) (NP-SBJ stocks) (VP recovered (NP (NP one-third to one-half) (PP of (NP (NP the ground) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP lost (NP *T*-1) (PP-LOC in (NP (NP Monday 's) plunge)))))))) , (PP with (S-NOM (NP-SBJ major market indexes) (VP posting (NP (NP gains) (PP of (NP (NP 3.6 %) to (NP 4.4 %)))))))) .)) (TOP (S (ADVP-LOC-TPC-PRD-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP price trends) (PP-LOC on (NP (NP the world 's) major stock markets)) , (SBAR as (S (NP-SBJ-2 *) (VP calculated (NP *-2) (PP by (NP-LGS (NP Morgan Stanley Capital International Perspective) , (NP-LOC Geneva))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP make (S (NP-SBJ them) (ADJP-PRD directly comparable))))) , (NP-SBJ-1 each index) (VP is (VP based (NP *-1) (PP-LOC-CLR on (S-NOM (NP-SBJ (NP the close) (PP of (NP 1969))) (VP equaling (NP 100)))))) .)) (TOP (S (NP-SBJ The percentage change) (VP is (PP-PRD since (NP year-end))) .)) (TOP (S (NP-SBJ Zurn Industries Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP approval (S (NP-SBJ *) (VP to (VP proceed (PP-CLR on (NP (NP four separate projects) (PP with (NP (NP a total contract value) (PP of (NP (QP $ 59 million) *U*)))))))))))))) .)) (TOP (S (NP-SBJ The projects) (VP include (NP (NP construction) (PP of (NP (NP (NP a (ADJP 29,400 kilowatt) waste-to-energy plant) (PP for (NP (NP Ada Cogeneration L.P.) , (NP-LOC (NP Ada) , (NP Mich.))))) ; (NP (NP a steam generating plant) (PP-LOC at (NP (NP Ontario) , (NP Calif.) ,)) (SBAR (WHNP-1 that) (S (NP-SBJ Zurn) (VP will (VP own and operate (NP *T*-1)))))) , and (NP (NP two waste-water control projects) (PP-LOC in (NP (NP Orange County) , (NP Calif)))))))) .)) (TOP (S (NP-SBJ (NP AVX Corp.) and (NP Unitrode Corp.)) (VP said (SBAR 0 (S (NP-SBJ they) (VP completed (NP (NP the (ADJP previously reported) sale) (PP of (NP (NP Unitrode 's) (ADJP San Diego-based) Passive Components division)) (PP to (NP AVX))))))) .)) (TOP (S (NP-SBJ (NP AVX) , (NP (NP a (ADJP New York-based) maker) (PP of (NP passive electronic products))) ,) (VP paid (NP (NP (QP $ 11 million) *U*) (PP in (NP cash))) (PP-DTV to (NP (NP Unitrode) , (NP (NP a Lexington-based maker) (PP of (NP semiconductor products)))))) .)) (TOP (S (NP-SBJ Passive Components) (VP makes (NP (NP capacitors and filters) (VP used (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP protect (NP electronics))))))) .)) (TOP (S (NP-SBJ Consolidated Papers Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP spend (NP (QP $ 495 million) *U*) (PP-CLR on (NP new paper-manufacturing equipment and facilities))))))))) .)) (TOP (S (NP-SBJ (NP The producer) (PP of (NP (NP paper) (VP used (NP *) (PP (PP-LOC in (NP magazines)) and (PP by (NP-LGS commercial printers))))))) (VP said (SBAR 0 (S (NP-SBJ-1 (NP spending) (PP on (NP the expansion))) (VP is (VP planned (S (NP-SBJ *-1) (VP to (VP begin (PP-TMP in (NP (NP the first quarter) (PP of (NP 1990)))))))))))) .)) (TOP (S (NP-SBJ The expansion) (VP is (ADJP-PRD subject (PP to (NP (NP approval) (PP by (NP (UCP federal and Wisconsin) environmental regulators)))))) .)) (TOP (S (NP-SBJ (NP THE STOCK) (PP of (NP Applied Power Inc.)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP split (ADVP-CLR 2-for-1) (PP-TMP in (NP May))))) ,) (VP has (VP risen (PP-TMP since (NP August 1988)))) .)) (TOP (S (PP-LOC In (NP (NP yesterday 's) edition)) , (NP-SBJ-2 (NP it) (SBAR *EXP*-1)) (VP was (VP (ADVP-MNR incorrectly) stated (NP *-2) (SBAR-1 that (S (NP-SBJ (NP the company 's) share price) (VP has (VP softened (PP-TMP since (NP August 1988)))))))) .)) (TOP (S (NP-SBJ (NP (NP The stock market 's) dizzying gyrations) (PP-TMP during (NP the past few days))) (VP have (VP made (S (NP-SBJ (NP a lot) (PP of (NP individual investors))) (VP wish (SBAR 0 (S (NP-SBJ they) (VP could (VP buy (NP (NP some sort) (PP of (NP insurance))))))))))) .)) (TOP (S (PP After (NP all)) , (NP-SBJ they) (VP wo n't (ADVP-TMP soon) (VP forget (NP (NP the stock bargains) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP became (ADJP-PRD available) (PP-TMP after (NP the October 1987 crash)))))))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ-2 they) (VP want (S (NP-SBJ *-2) (VP to (VP be (PP-PRD on (NP (NP the alert) (PP for (NP similar buying opportunities)))) (ADVP-TMP now))))))) , (NP-SBJ-3 they) (VP 're (ADJP-PRD afraid (PP of (S-NOM (NP-SBJ-1 *-3) (VP being (VP hammered (NP *-1) (PP by (NP-LGS another terrifying plunge)))))))) .)) (TOP (S (NP-SBJ The solution) , (PP (ADVP at least) for (NP some investors)) , (VP may (VP be (NP-PRD (NP a hedging technique) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD well known (PP to (NP (NP players) (PP-LOC in (NP the stock-options market))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Called (S (NP-SBJ *-1) (NP-PRD a `` married put)))) , '' (NP-SBJ-2 the technique) (VP is (VP carried (NP *-2) (PRT out) (PP-MNR by (S-NOM (NP-SBJ *) (VP (VP purchasing (NP a stock)) and (VP (ADVP-TMP simultaneously) buying (NP (NP a put option) (PP-LOC on (NP that stock))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ It) (VP 's (PP-PRD like `` (NP fire insurance)))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Harrison Roth) , (NP (NP the senior options strategist) (PP-LOC at (NP Cowen & Co)))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ a put option) (VP gives (NP its owner) (NP (NP the right (S *RNR*-1)) , but (NP not the obligation (S *RNR*-1)) , (S-1 (NP-SBJ *) (VP to (VP sell (NP (NP a fixed number) (PP of (NP (NP shares) (PP of (NP the stock))))) (PP at (NP a stated price)) (PP-TMP on or before (NP (NP the option 's) expiration date))))))))) , (NP-SBJ-2 the investor) (VP is (VP protected (NP *-2) (PP against (NP (NP a sudden drop) (PP-LOC in (NP (NP the stock 's) price)))))) .)) (TOP (S But (NP-SBJ most investment advisers) (VP do n't (VP recommend (S (NP-SBJ *) (VP using (NP married puts) (NP-TMP all the time))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRP-PRD because (S (NP-SBJ (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP buying (NP put options))))) (VP eats (PP-DIR into (NP (NP an investor 's) profit)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ stock prices) (VP rise (ADVP-TMP *T*-1)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ This) (VP is (NP-PRD (NP the type) (PP of (NP fire insurance)) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP (ADVP only) buy (NP *T*-1) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ the nearby woods) (VP are (PP-PRD on (NP fire)) (ADVP-TMP *T*-3)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ Mr. Roth) .)) (TOP (S `` (S (NP-SBJ You) (ADVP-TMP always) (VP want (S (NP-SBJ-2 your house) (VP insured (NP *-2))))) , but (S (NP-SBJ you) (VP do n't (ADVP-TMP always) (VP feel (NP-PRD (NP the need) (SBAR for (S (NP-SBJ-1 your investments) (VP to (VP be (VP insured (NP *-1)))))))))) . '')) (TOP (S (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ *) (VP hedging (NP new stock purchases)))))) , (NP-SBJ-2 the married-put technique) (VP can (VP be (VP used (NP-3 *-2) (S-CLR (NP-SBJ *-3) (VP to (VP protect (NP (NP stocks) (SBAR (WHNP-1 that) (S (NP-SBJ an investor) (ADVP-TMP already) (VP owns (NP *T*-1))))))))))) .)) (TOP (S (PP-LOC In (NP either case)) , (NP-SBJ the investor) (VP faces (NP three possible outcomes)) :)) (TOP (S -- (SBAR-ADV If (S (NP-SBJ the stock) (VP goes (ADVP-DIR up (PP in (NP price))) (PP-TMP between (NP (NP now) and (NP (NP the put 's) expiration date)))))) , (NP-SBJ-1 the put) (VP will (ADVP probably) (VP expire (S-CLR (NP-SBJ *-1) (ADJP-PRD worthless)))) .)) (TOP (S (S (NP-SBJ The investor) (VP will (VP be (ADVP-PRD out (NP (NP the cost) (PP of (NP the put)) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP called (S (NP-SBJ *-1) (NP-PRD the `` premium))))))))))) , '' and (S (NP-SBJ this loss) (VP will (VP reduce (NP the stock-market profit)))) .)) (TOP (S -- (SBAR-ADV If (S (NP-SBJ the stock) (VP stays (PP-LOC-CLR at (NP the same price)) (PP-TMP between (NP (NP now) and (NP (NP the put 's) expiration date)))))) , (NP-SBJ-1 (NP the investor 's) loss) (VP will (VP be (VP limited (NP *-1) (PP-CLR to (NP (NP the cost) (PP of (NP the put)) , (PP less (NP (NP any amount) (VP realized (NP *) (PP-CLR from (NP (NP a closing sale) (PP of (NP the put)))))))))))) .)) (TOP (S (NP-SBJ The worst-case scenario) (VP would (VP be (SBAR-PRD if (S (NP-SBJ-1 the put) (VP expires (S-CLR (NP-SBJ *-1) (ADJP-PRD worthless))))))) .)) (TOP (S -- (SBAR-ADV If (S (NP-SBJ (NP the price) (PP of (NP the stock))) (VP declines))) , (NP-SBJ the put) (VP will (VP increase (PP in (NP value)))) .)) (TOP (S (SBAR-TMP Once (S (NP-SBJ the stock price) (VP is (ADJP-PRD (ADJP less) (PP than (NP (NP (NP the exercise price) , or `` (NP strike price) , '') (PP of (NP the put)))))))) , (NP-SBJ the gain) (VP will (VP match (NP (NP the loss) (PP-LOC on (NP the stock))) (NP-ADV (NP dollar) (PP for (NP dollar))))) .)) (TOP (S (NP-SBJ The put) (VP establishes (NP (NP a minimum selling price) (PP for (NP the stock)) (PP-TMP during (NP its life)))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ a stock) (VP falls (PP-DIR below (NP (NP the put 's) strike price)) (ADVP-TMP *T*-1)))) , (NP-SBJ the investor) (VP (VP (ADVP simply) sells (NP the stock) (PP at (NP a loss))) and (VP (ADVP-TMP simultaneously) sells (NP the put) (PP at (NP a profit)))) .)) (TOP (S Or , (NP-SBJ-2 the investor) (VP can (VP exercise (NP the put) , (PP-MNR by (S-NOM (NP-SBJ *-2) (VP tendering (NP the stock) (PP-DTV to (NP his or her broker)) (PP in (NP (NP return) (PP for (NP (NP payment) (PP from (NP (NP another investor) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP sold (NP (NP a put) (PP-LOC on (NP the same stock)))))))))))))))))) .)) (TOP (S (NP-SBJ Brokers) (VP handle (NP such transactions) (PP through (NP (NP the Options Clearing Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP guarantees (NP all option trades))))))) .)) (TOP (S (NP-SBJ The accompanying table) (VP shows (SBAR (WHADVP-1 how) (S (NP-SBJ this strategy) (VP would (VP work (PP for (NP three stocks)) (ADVP-MNR *T*-1)))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ-3 *) (VP not reflected (NP *-3) (PP-LOC in (NP the table))))) , (NP-SBJ an investor) (VP should (VP know (SBAR that (S (NP-SBJ-1 (NP the cost) (PP of (NP the option insurance))) (VP can (VP be (VP (ADVP partially) offset (NP *-1) (PP by (NP-LGS (NP any dividends) (SBAR (WHNP-2 that) (S (NP-SBJ the stock) (VP pays (NP *T*-2))))))))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ Tenneco Inc.) (VP pays (NP (NP a quarterly dividend) (PP of (NP 76 cents)) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP would (VP (VP be (VP received (NP *-2) (SBAR-TMP before (S (NP-SBJ the February option) (VP expires))))) and , (ADVP thus) , (VP reduce (NP (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP using (NP the technique))))) (PP-EXT by (NP that amount))))))))) .)) (TOP (S (PP-LOC In (NP this case)) , (NP-SBJ (NP the investor 's) risk) (VP would n't (VP exceed (NP (NP 3.6 %) (PP of (NP the total investment))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP simplify (NP the calculations)))) , (NP-SBJ-1 (NP commissions) (PP-LOC on (NP (NP the option) and (NP underlying stock)))) (VP are n't (VP included (NP *-1) (PP-LOC-CLR in (NP the table)))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (QP more than 650) stocks) (SBAR (WHPP-2 on (WHNP which)) (S (NP-SBJ-1 (NP options) (PP-LOC *T*-2)) (VP may (VP be (VP bought and sold (NP *-1)))))) , (PP including (NP some over-the-counter stocks)))) .)) (TOP (S But (NP-SBJ some investors) (VP might (VP prefer (NP (NP a simpler strategy) (PP then (S-NOM (NP-SBJ *) (VP hedging (PP their individual holdings))))))) .)) (TOP (S (NP-SBJ-3 They) (VP can (VP do (NP this) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP purchasing (NP `` (NP index puts) , '' (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (ADVP simply) (NP-PRD (NP put options) (PP-LOC on (NP indexes)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP match (NP (NP broad baskets) (PP of (NP stocks)))))))))))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ the (ADJP most popular) index option) (VP is (NP-PRD (NP the S&P 100 option) , (VP (ADVP commonly) called (S (NP-SBJ *) (NP-PRD the OEX))))) .)) (TOP (S (NP-SBJ-1 It) (VP is (VP based (NP *-1) (PP-LOC-CLR on (NP (NP the stocks) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP make (PRT up) (NP (NP Standard & Poor 's) 100-stock index)))))))) .)) (TOP (S (PP Unlike (NP (NP options) (PP-LOC on (NP individual issues)))) , (S (NP-SBJ-1 index options) (VP are (VP settled (NP *-1) (PP (ADVP only) in (NP cash))))) , and (S (NP-SBJ-2 no stock) (VP is (ADVP-TMP ever) (VP tendered (NP *-2)))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ index options) (VP are (ADJP-PRD convenient)))) , (NP-SBJ they) (VP have (NP several disadvantages)) .)) (TOP (S (PP For (NP one thing)) , (NP-SBJ (NP an investor 's) portfolio) (VP might not (VP (ADVP-MNR closely) match (NP the S&P 100))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ the OEX insurance) (VP (VP may (VP *RNR*-1)) or (VP may not (VP *RNR*-1)) (VP-1 (ADVP-MNR fully) protect (NP (NP an investor 's) holdings)) (PP-TMP in (NP (NP the event) (PP of (NP a market decline))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-501 OEX options) (VP were (VP suspended (NP *-501) (PP-CLR from (NP trading)) (NP-TMP last Friday afternoon) , (SBAR-TMP after (S (S (NP-SBJ the stock-market sell-off) (VP got (PP-CLR under (NP way)))) and (S (NP-SBJ-502 (NP trading) (PP-LOC in (NP the S&P-500 futures contract))) (VP was (VP halted (NP *-502)))))))) .)) (TOP (S So (NP-SBJ (NP an investor) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP wanted (S (NP-SBJ *-2) (VP to (VP realize (NP (NP a profit) (PP-LOC on (NP OEX puts))) (PP-TMP after (NP the trading suspension))))))))) (VP would (VP have (VP been (PP-PRD out (PP of (NP luck)))))) .)) (TOP (S (PP On (NP the other hand)) , (NP-SBJ-1 (NP only a handful) (PP of (NP individual issues))) (VP were (VP suspended (NP *-1) (PP-CLR from (NP trading)) (PP-TMP on (NP Friday)))) .)) (TOP (S (ADVP-TMP Normally) , (SBAR-TMP once (S (NP-SBJ-1 the underlying investment) (VP is (VP suspended (NP *-1) (PP-CLR from (NP trading)))))) , (NP-SBJ (NP the options) (PP-LOC on (NP those investments))) (ADVP also) (VP do n't (VP trade)) .)) (TOP (S (ADVP-TMP Ultimately) , (SBAR-SBJ whether (S (NP-SBJ (NP the insurance) (VP provided (NP *) (PP by (S-NOM-LGS (NP-SBJ *) (VP purchasing (NP puts)))))) (VP is (ADJP-PRD worthwhile)))) (VP depends (PP-CLR on (NP (NP the cost) (PP of (NP the options))))) .)) (TOP (S (NP-SBJ That cost) (VP rises (PP-TMP in (NP (NP times) (PP of (NP high market volatility))))) .)) (TOP (S But (NP-SBJ it) (ADVP still) (VP might (VP be (ADJP-PRD (ADJP cheaper) (PP than (S-NOM (NP-SBJ *) (VP taking (NP a major hit))))))) .)) (TOP (S (NP-SBJ (NP The protection) (PP from (S-NOM (NP-SBJ *) (VP using (NP married puts))))) (VP is (ADVP clearly) (ADJP-PRD superior (PP to (NP (NP that) (VP afforded (NP *) (PP by (NP-LGS (NP (NP another options strategy) (SBAR (WHNP-2 0) (S (NP-SBJ-3 some investors) (VP consider (S (NP-SBJ *-3) (VP using (NP *T*-2))) (PP-TMP during (NP troubled times)))))) : (S-NOM (NP-SBJ *) (VP selling (NP (NP call options) (PP-LOC on (NP (NP stocks) (SBAR (WHNP-1 0) (S (NP-SBJ the investor) (VP owns (NP *T*-1)))))))))))))))) .)) (TOP (S (NP-SBJ A call option) (VP is (ADJP-PRD similar (PP to (NP a put))) , (PP except (SBAR that (S (NP-SBJ it) (VP gives (NP its owner) (NP the right (S (NP-SBJ *) (VP to (VP buy (NP shares) (PP at (NP a stated price)) (PP-TMP until (NP expiration))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Selling (NP a call option))) (VP gives (NP an investor) (NP (NP a small buffer) (PP against (NP a stock-market decline)))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRP-PRD because (S (NP-SBJ it) (VP reduces (NP (NP the cost) (PP of (NP the stock))) (PP-EXT by (NP (NP the amount) (PP of (NP premium)) (VP received (NP *) (PP-DIR from (NP (NP the sale) (PP of (NP the call))))))))))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ (NP the price) (PP of (NP the stock))) (VP rises (PP-DIR above (NP (NP the strike price) (PP of (NP the option))))))) , (NP-SBJ-1 the stock) (VP is (ADJP-PRD almost certain (S (NP-SBJ-2 *-1) (VP to (VP be (VP called (NP *-2) (PRT away))))))) .)) (TOP (S And (PP-LOC in (NP that case)) , (NP-SBJ the investor) (VP misses (PRT out) (PP-CLR on (NP any major upside gain))) .)) (TOP (S (NP-SBJ These calculations) (VP exclude (NP (NP the effect) (PP of (NP (NP (NP commissions) (VP paid (NP *))) and (NP (NP dividends) (VP received (NP *) (PP-DIR from (NP the stock)))))))) .)) (TOP (S (NP-SBJ All prices) (VP are (PP-TMP-PRD as (PP of (NP (NP Monday 's) close)))) .)) (TOP (S (NP-SBJ (NP Hopes) (PP for (NP (NP quick enactment) (PP of (NP pending deficit-reduction legislation))))) (VP faded (SBAR-TMP as (S (NP-SBJ efforts (S (NP-SBJ *) (VP to (VP streamline (NP the House version) (PP-TMP in (NP (NP advance) (PP of (NP a House-Senate conference)))))))) (VP broke (PRT down))))) .)) (TOP (S (NP-SBJ-2 House leaders) (VP had (VP hoped (S (NP-SBJ-3 *-2) (VP to (VP follow (NP (NP the Senate 's) lead) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP getting (NP (NP an agreement) (PP from (NP House committee chairmen)) (SBAR (WHPP-4 under (WHNP which)) (S (NP-SBJ they) (VP would (VP drop (NP (NP items) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would n't (VP reduce (NP the fiscal 1990 budget deficit)))))) (PP-CLR from (NP the House-passed bill)) (SBAR-TMP before (S (NP-SBJ (NP the negotiations) (PP with (NP the Senate))) (VP began))) (PP-LOC *T*-4)))))))))))))) .)) (TOP (S But (NP-SBJ-2 the effort) (VP became (VP snagged (NP *-2) (PP-LOC-CLR on (NP (NP the question) (PP of (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP would (VP become (PP-CLR of (NP (NP other issues) , (VP ranging (PP (PP from (S-NOM (NP-SBJ *) (VP cutting (NP the capital-gains tax)))) (PP to (NP child care)) (PP to (NP (NP repeal) (PP of (NP catastrophic-illness insurance))))))))))))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ Many members) (VP feel (SBAR 0 (S (NP-SBJ there) (VP are (NP-PRD (NP important features) (PP of (NP the House bill)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP should (VP be (VP enacted (NP *-1)))))))))))) , '' (NP-SBJ (NP Speaker Thomas Foley) (PRN -LRB- (NP D.) , (NP-LOC Wash .) -RRB-)) (VP said (S *T*-3)) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ there) (VP is (NP-PRD (NP any support) (PP for (S-NOM (NP-SBJ *) (VP reducing (NP the bill)))))))) , (NP-SBJ-1 it) (VP is (VP conditioned (NP *-1) (PP-CLR on (NP their desire (S (NP-SBJ *) (VP to (VP see (S (NP-SBJ-2 them) (VP passed (NP *-2) (PP in (NP another form))))))))))) . '')) (TOP (S (ADVP-TMP Now) (NP-SBJ-1 those items) (VP will (VP be (VP discussed (NP *-1) (PP-LOC in (NP (NP a House-Senate conference) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP could (VP begin (ADVP-TMP (ADVP as soon) (PP as (NP today))))))))) , (PP with (NP the expectation (SBAR that (S (NP-SBJ-3 they) (VP could (VP either (VP be (VP resolved (NP *-3) (ADVP-LOC there))) or (VP placed (NP *-3) (PP-DIR into (NP other legislation)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 You) (VP 've (VP got (S (NP-SBJ *-2) (VP to (VP give (NP these chairmen) (NP the opportunity (S (NP-SBJ *) (VP to (VP see (SBAR if (S (NP-SBJ they) (VP can (VP work (NP things) (PRT out))))))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP House Budget Committee Chairman Leon Panetta) (PRN -LRB- (NP D.) , (NP-LOC Calif .) -RRB-)) .)) (TOP (S `` (S (NP-SBJ This) (VP is (NP-PRD a democratic process))) -- (S (NP-SBJ you) (VP ca n't (VP slam-dunk (NP anything) (PP-LOC around (NP here))))) . '')) (TOP (S (NP-SBJ White House Budget Director Richard Darman) (VP has (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP would (VP continue (S (NP-SBJ-2 *-1) (VP to (VP press (S-PRP (NP-SBJ *-2) (VP to (VP keep (NP the capital-gains provision) (PP-LOC-CLR in (NP (NP the final version) (PP of (NP the bill)))))))))) (SBAR-ADV unless (S (NP-SBJ the House) (VP drops (NP (NP many) (PP of (NP its costly provisions)))))))))))) .)) (TOP (S (S (NP-SBJ-1 Senate leaders) (VP had (VP hoped (S (NP-SBJ-2 *-1) (VP to (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP send (NP (NP a compromise version) (PP of (NP the measure))) (PP-DTV to (NP President Bush)) (PP-TMP by (NP (NP the end) (PP of (NP the week)))))))))))))) , but (S (NP-SBJ Speaker Foley) (VP said (SBAR 0 (S (NP-SBJ that) (VP was n't (ADJP-PRD likely)))))) .)) (TOP (S (NP-SBJ Failure (S (NP-SBJ *) (VP to (VP pass (NP the bill))))) (VP meant (SBAR that (S (NP-SBJ (NP (QP $ 16.1 billion) *U*) (PP-LOC in (NP across-the-board spending cuts))) (VP took (NP effect) (NP-TMP Monday) (PP-LOC under (NP the Gramm-Rudman budget law)))))) .)) (TOP (S (NP-SBJ-1 The bill) (VP must (VP be (VP enacted (NP *-1) (SBAR-TMP before (S (NP-SBJ-2 the cuts) (VP can (VP be (VP restored (NP *-2))))))))) .)) (TOP (S (NP-SBJ (NP TRADING VOLUME) (PP-LOC in (NP (NP Standard & Poor 's) 500 stock-index futures contracts)) (PP-LOC on (NP the Chicago Mercantile Exchange)) (NP-TMP Monday)) (VP totaled (NP 73,803 contracts)) .)) (TOP (S (NP-SBJ (NP Yesterday 's) edition) (VP (ADVP-MNR incorrectly) reported (NP (NP Monday 's) trading volume) (PP-CLR as (NP (NP a record) (PP for (NP the S&P 500 contract))))) .)) (TOP (S (NP-SBJ NCNB Corp.) (VP raised (NP (NP (QP $ 1 billion) *U*) (PP-LOC in (NP new capital))) (PP-TMP during (NP the third quarter))) .)) (TOP (S (PP-LOC In (NP (NP yesterday 's) edition)) , (NP-SBJ-1 (NP the amount) (PP of (NP new capital))) (VP was (VP misstated (NP *-1))) .)) (TOP (S (NP-SBJ McCormick Capital Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 (NP its tender offer (S (NP-SBJ *) (VP to (VP buy (PRT back) (NP (NP (NP (QP as many as 1.1 million)) , or (NP 44 %) ,) (PP of (NP its common shares))) (PP at (NP (NP $ 3 *U*) (ADVP apiece))))))) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP expired (NP-TMP Friday evening)))) ,) (VP was (VP oversubscribed (NP *-1)))))) .)) (TOP (S (NP-SBJ (NP The developer and manager) (PP of (NP futures-investment limited partnerships))) (VP said (SBAR 0 (S (NP-SBJ preliminary results) (VP indicate (SBAR that (S (NP-SBJ-1 (QP about 1,749,000) shares) (VP had (VP been (VP tendered (NP *-1) , (S-ADV (NP-SBJ *) (VP giving (NP (NP a preliminary proration factor) (PP of (NP 0.6287)))))))))))))) .)) (TOP (S (NP-SBJ-1 The final proration factor) (VP will (VP be (VP announced (NP *-1) (NP-TMP Monday)))) .)) (TOP (S (NP-SBJ Northgate Exploration Ltd.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP is (VP proposing (S (NP-SBJ *-1) (VP to (VP amalgamate (NP (NP four) (PP of (NP its associated companies))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP a proposed two-step amalgamation) (VP involving (NP share swaps)))) , (NP-SBJ (NP ABM Gold Corp.) , (NP a gold exploration and management company) ,) (VP will (VP merge (PP-CLR with (NP (NP Neptune Resources Corp.) , (NP United Gold Corp.) and (NP Inca Resources Inc))))) .)) (TOP (S (NP-SBJ ABM) (VP will (ADVP also) (VP increase (NP (NP its stake) (PP-LOC in (NP Sonora Gold Corp.))) (PP-DIR to (NP 42 %)) (PP-DIR from (NP 26 %)))) .)) (TOP (S (NP-SBJ Northgate) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP own (NP (NP (NP (QP about 50) %) (PP of (NP (NP the equity) (PP *RNR*-1)))) and (NP (NP 81 %) (PP of (NP (NP the votes) (PP *RNR*-1)))) (PP-1 of (NP ABM))) (PP-TMP after (NP the amalgamation))))))) .)) (TOP (S (NP-SBJ The amalgamations) (VP (VP are (ADJP-PRD subject (PP to (NP regulatory approval)))) and (VP require (NP (NP approval) (PP by (NP (NP shareholders) (PP of (NP ABM , Inca , United and Neptune)))) (PP-LOC at (NP (NP special meetings) (PP-TMP on (NP Nov. 10))))))) .)) (TOP (S (NP-SBJ-1 (NP Steven C. Walker) , (NP (NP senior vice president) (PP of (NP this bank holding company))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP president) , (NP chief executive officer) and (NP a director)) (PP of (NP both (NP Commercial National) and (NP Commercial National Bank))))))) .)) (TOP (S (NP-SBJ He) (VP succeeds (NP (NP James E. Burt III) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP resigned (PP-CLR from (NP all three posts)) (S-PRP (NP-SBJ *-2) (VP to (VP pursue (NP other interests))))))))) .)) (TOP (S (NP-SBJ Cincinnati Microwave Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP introduced (NP two radar detectors))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP One unit) , (VP called (S (NP-SBJ *) (NP-PRD the Escort))) ,) (VP uses (NP a new digital signal-processing technology) (S-CLR (NP-SBJ *-1) (VP to (VP detect (NP radar signals) (ADVP-TMP (ADVP much sooner) (SBAR than (S (NP-SBJ *) (VP was (ADVP-TMP previously) (ADJP-PRD possible)))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The other) , (VP called (S (NP-SBJ *) (NP-PRD the Solo))) ,) (VP (VP is (ADJP-PRD battery operated)) and (VP is (NP-PRD (NP the first high-performance radar detector) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP does n't (VP need (NP a power cord))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP A surprising surge) (PP-LOC in (NP the U.S. trade deficit))) (VP (VP raised (NP fears (SBAR that (S (NP-SBJ (NP the nation 's) export drive) (VP has (VP stalled)))))) , and (VP caused (NP new turmoil) (PP-LOC in (NP financial markets)))) .)) (TOP (S-1 (NP-SBJ The merchandise trade deficit) (VP widened (PP-TMP in (NP August)) (PP-DIR to (NP (NP (QP $ 10.77 billion) *U*) (NP *ICH*-2))) (PRN , (S (NP-SBJ the Commerce Department) (VP reported (SBAR 0 (S *T*-1)))) ,) (NP-2 (NP (NP a sharp deterioration) (PP from (NP (NP July 's) (QP $ 8.24 billion) *U*))) and (NP (NP the largest deficit) (PP of (NP (NP any month) (NP-TMP this year)))))) .)) (TOP (S (NP-SBJ Exports) (VP fell (PP-TMP for (NP (NP the second month) (PP-LOC in (NP a row)))) , (SBAR-ADV while (S (NP-SBJ imports) (VP rose (PP-DIR to (NP a record)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD (NP one) (PP of (NP (NP the worst trade releases) (SBAR (WHNP-2 0) (S (NP-SBJ we) (VP 've (VP had (NP *T*-2) (SBAR-TMP since (S (NP-SBJ the dollar) (VP troughed (PRT out) (PP-TMP in (NP 1987)))))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Geoffrey Dennis) , (NP (NP chief international economist) (PP-LOC at (NP James Capel Inc)))) .)) (TOP (S (S (PP Like (NP most analysts)) , (NP-SBJ-1 Mr. Dennis) (VP was (ADJP-PRD hesitant (S (NP-SBJ *-1) (VP to (VP read (NP too much) (PP-CLR into (NP (NP one month 's) numbers)))))))) ; but (S (NP-SBJ he) (VP said , `` (S (NP-SBJ It) (VP indicates (ADVP perhaps) (SBAR that (S (NP-SBJ (NP the balance) (PP-LOC in (NP the U.S. economy))) (VP is not (ADJP-PRD (ADJP as good) (SBAR as (S (NP-SBJ-2 we) (VP 've (VP been (VP led (S (NP-SBJ *-2) (VP to (VP believe)))))))))))))))) . '')) (TOP (S (NP-SBJ The number) (VP had (NP (NP a troubling effect) (PP on (NP Wall Street))) , (S-ADV (NP-SBJ *) (VP suggesting (SBAR that (S (NP-SBJ (ADJP more fundamental) economic problems) (VP may (VP underlie (NP (NP last Friday 's) stock market slide)))))))) .)) (TOP (S (NP-SBJ-1 The Dow Jones Industrial Average) (VP tumbled (NP (QP more than 60) points) (PP-TMP after (NP (NP the report 's) release)) , (PP-TMP before (S-NOM (NP-SBJ-2 *-1) (VP recovering (S-PRP (NP-SBJ *-2) (VP to (VP close (ADVP (NP 18.65 points) lower) (PP-CLR at (NP 2638.73))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This bad trade number) (VP raises (NP (NP some deeper issues) (PP about (NP the market decline))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Norman Robertson) , (NP (NP chief economist) (PP-LOC for (NP Mellon Bank)))) .)) (TOP (S `` (NP-SBJ It) (VP raises (NP (NP questions) (PP about (NP (NP (ADJP more deep-seated) problems) , (NP (NP the budget deficit) and (NP the trade deficit) and (NP (NP the seeming lack) (PP of (NP ability (S (NP-SBJ *) (VP to (VP come (PP-CLR to (NP grips)) (PP with (NP them))))))))))))) . '')) (TOP (S (NP-SBJ The trade report) (VP drew (NP (NP (ADJP yet another) unsettling parallel) (PP to (NP October 1987)))) .)) (TOP (S (PP-TMP On (NP (NP Oct. 14) (PP of (NP that year)))) , (NP-SBJ-1 (NP the announcement) (PP of (NP an (ADJP unusually large) August trade deficit))) (VP helped (S (NP-SBJ *-1) (VP trigger (NP a steep market decline)))) .)) (TOP (S (NP-SBJ The slide) (VP continued (PP-TMP until (NP (NP the record 508-point market drop) (PP-TMP on (NP Oct. 19))))) .)) (TOP (S (PP-TMP In (NP 1987)) , (ADVP however) , (NP-SBJ the news) (VP was (NP-PRD (NP the latest) (PP-LOC in (NP (NP a string) (PP of (NP (NP disappointments) (PP on (NP trade))))))) , (SBAR-ADV while (S (NP-SBJ the current report) (VP comes (PP-TMP after (NP (NP a period) (PP of (NP improvement)))))))) .)) (TOP (S (NP-SBJ-1 The bleak trade report) (VP was (VP played (NP *-1) (PRT down) (PP by (NP-LGS the Bush administration)))) .)) (TOP (S (NP-SBJ Commerce Secretary Robert Mosbacher) (VP called (S (NP-SBJ the worsening trade figures) `` (ADJP-PRD disappointing) (PP-TMP after (NP two (ADJP very good) months)))) . '')) (TOP (S And (NP-SBJ-1 White House spokesman Marlin Fitzwater) (VP said (SBAR 0 (S (NP-SBJ the deficit) (VP was `` (NP-PRD an unwelcome increase)))) , '' (S-ADV (NP-SBJ *-1) (VP adding (SBAR that `` (S (NP-SBJ we) (VP 're (ADJP-PRD hopeful (SBAR that (S (NP-SBJ it) (ADVP simply) (VP (VP is (NP-PRD a one-month situation)) and (VP will (VP turn (ADVP-DIR around))))))))))))) . '')) (TOP (S But (NP-SBJ the figures) (VP reinforced (NP (NP the view (SBAR *ICH*-1)) (PP of (NP many private analysts)) (SBAR-1 that (S (NP-SBJ (NP the improvement) (PP-LOC in (NP the U.S. trade deficit))) (VP has (VP run (ADVP-CLR out (PP of (NP steam))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The figures) (NP-TMP today)) (VP add (NP (NP further evidence) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP support (NP the view (SBAR that (S (NP-SBJ (NP the improvement) (PP-LOC in (NP the U.S. trade deficit))) (VP has (ADVP essentially) (VP stalled (ADVP-CLR out) (PP-LOC at (NP (NP a level) (PP of (NP about a (ADJP (QP $ 110 billion) *U*) annual rate)))))))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Jeffrey Scott) , (NP (NP a research fellow) (PP-LOC at (NP (NP the Institute) (PP for (NP International Economics)))) (ADVP-LOC here))) .)) (TOP (S `` (S (NP-SBJ That) (VP 's (ADVP still) (NP-PRD (NP an improvement) (PP over (NP last year))))) , but (S (NP-SBJ it) (VP leads (S (NP-SBJ one) (VP to (VP conclude (SBAR that (S (ADVP basically) (NP-SBJ we) (VP 've (VP gotten (NP (NP all the mileage) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP can (VP *?* (NP *T*-1)))))) (ADVP-CLR out (PP of (NP (NP past dollar depreciation) and (NP (NP past marginal cuts) (PP-LOC in (NP the federal budget deficit))))))))))))))) . '')) (TOP (S (S-TPC-2 (NP-SBJ-1 Exports) (VP declined (PP-TMP for (NP the second consecutive month)) (PP-TMP in (NP August)) , (S-ADV (NP-SBJ *-1) (VP slipping (NP-EXT 0.2 %) (PP-DIR to (NP (QP $ 30.41 billion) *U*)))))) , (NP-SBJ the Commerce Department) (VP reported (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Imports) , (PP on (NP the other hand)) , (VP leaped (NP-EXT 6.4 %) (PP-DIR to (NP a record (QP $ 41.18 billion) *U*))) .)) (TOP (S (CONJP Not only) (SINV was (NP-SBJ (NP August 's) deficit) (ADJP-PRD (ADJP far worse) (PP than (NP July 's)))) , but (S (NP-SBJ the government) (VP revised (NP the July figure) (ADVP-MNR substantially) (PP-CLR from (NP (NP the (ADJP (QP $ 7.58 billion) *U*) deficit) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP had (ADVP-TMP initially) (VP reported (NP *T*-1) (NP-TMP last month))))))))) .)) (TOP (S (NP-SBJ Many economists) (VP contend (SBAR that (S (NP-SBJ-1 (NP deep cuts) (PP-LOC in (NP the U.S. budget deficit))) (VP are (VP needed (NP *-1) (SBAR-TMP before (S (NP-SBJ further trade improvement) (VP can (VP occur))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRP-PRD because (S (NP-SBJ-1 the budget deficit) (VP feeds (NP (NP an enormous appetite) (PP-LOC in (NP this country)) (PP for (NP both (NP foreign goods) and (NP foreign capital)))) , (S-ADV (NP-SBJ *-1) (VP overwhelming (NP (NP the nation 's) capacity (S (NP-SBJ *) (VP to (VP export)))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ-2 People) (VP are (ADJP-PRD sick and tired (PP of (S-NOM (NP-SBJ *-2) (VP hearing (PP-CLR about (NP these deficits)))))))) , but (S (S (NP-SBJ the imbalances) (VP are (ADVP-TMP still) (ADVP-LOC-PRD there))) and (S (NP-SBJ they) (VP are (ADVP-TMP still) (NP-PRD a problem))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Robertson) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP the rise) (PP-LOC in (NP (NP the value) (PP of (NP the dollar)) (PP against (NP foreign currencies)))) (PP-TMP over (NP the past several months))) (VP has (VP (VP increased (NP (NP the price) (PP of (NP U.S. products)) (PP-LOC in (NP overseas markets)))) and (VP hurt (NP (NP the country 's) competitiveness)))) .)) (TOP (S (PP-TMP Since (NP March)) , (NP-SBJ exports) (VP have (VP been (ADJP-PRD virtually flat))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ (NP William T. Archey) , (NP (NP international vice president) (PP-LOC at (NP (NP the U.S. Chamber) (PP of (NP Commerce))))) ,) (VP notes : `` (S (ADVP Clearly) (NP-SBJ-1 the stronger dollar) (VP has (VP made (S (NP-SBJ imports) (ADJP-PRD more attractive)) '' (PP-MNR by (S-NOM (NP-SBJ *-1) (VP causing (S (NP-SBJ their prices) (VP to (VP decline)))))))))) .)) (TOP (S (NP-SBJ Most economists) (VP expect (S (NP-SBJ the slowing U.S. economy) (VP to (VP curb (NP (NP demand) (PP for (NP imports))))))) .)) (TOP (S But (NP-SBJ they) (VP foresee (NP (NP little substantial progress) (PP-LOC in (NP exports))) (SBAR-ADV unless (S (NP-SBJ (NP the dollar) and (NP the federal budget deficit)) (VP come (ADVP-DIR down))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The best result) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP could (VP get (NP *T*-1) (PP-CLR from (NP these numbers))))))) (VP would (VP be (S-PRD (NP-SBJ *) (VP to (VP see (S (NP-SBJ (NP the administration) and (NP Congress)) (VP get (ADJP-PRD serious (PP about (S-NOM (NP-SBJ *) (VP putting (NP the U.S.) (PP-PUT on (NP an (ADJP internationally competitive) economic footing)))))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Howard Lewis) , (NP (NP vice president) (PP of (NP international economic affairs)) (PP-LOC at (NP (NP the National Association) (PP of (NP Manufacturers)))))) .)) (TOP (S `` (NP-SBJ That) (VP must (VP start (PP-CLR with (S-NOM (NP-SBJ *) (VP cutting (NP the federal budget deficit)))))) . '')) (TOP (S (NP-SBJ (NP (NP August 's) decline) (PP-LOC in (NP exports))) (VP reflected (NP (NP (NP decreases) (PP-LOC in (NP (NP sales) (PP of (NP (NP industrial supplies) , (NP capital goods) and (NP food))) (ADVP-LOC abroad)))) and (NP (NP increases) (PP-LOC in (NP (NP sales) (PP of (NP (NP motor vehicles) , (NP parts) and (NP engines)))))))) .)) (TOP (S (NP-SBJ (NP The jump) (PP-LOC in (NP imports))) (VP stemmed (PP-CLR from (NP (NP across-the-board increases) (PP-LOC in (NP (NP purchases) (PP of (NP foreign goods))))))) .)) (TOP (S (NP-SBJ-1 The numbers) (VP were (VP adjusted (NP *-1) (PP-PRP for (NP usual seasonal fluctuations)))) .)) (TOP (S (NP-SBJ Alan Murray) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (PRN -LRB- (FRAG (PP In (NP (NP billions) (PP of (NP U.S. dollars)))) , (ADJP not seasonally adjusted)) -RRB-)) (TOP (X (X *) (NP (NP (ADJP Newly industrialized) countries) : (NP (NP Singapore) , (NP Hong Kong) , (NP Taiwan) , (NP South Korea))))) (TOP (S (NP-SBJ Steve Jobs) (VP took (NP (NP a step) (ADVP back (PP from (NP (NP the frontier) (PP of (NP personal-computer technology)))))) (PP in (NP an effort (S (NP-SBJ *) (VP to (VP spur (NP (NP sales) (PP of (NP (NP Next Inc. 's) new machine))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Jobs) (VP moved (S (NP-SBJ-2 *-1) (VP to (VP remedy (NP (NP a couple) (PP of (NP (NP his computer 's) drawbacks))) (NP-TMP yesterday) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP lowering (NP (NP the entry-level price) (PP for (NP a Next machine))) (PP-EXT by (NP (NP $ 1,500 *U*) , or (NP 23 %) ,)) (SBAR-ADV if (S (NP-SBJ the buyer) (VP chooses (NP a hard-disk drive) (PP as (NP (NP an alternative) (PP to (NP (NP Next 's) optical-storage device)))))))))))))) .)) (TOP (S (NP-SBJ (NP The hard drive) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP the storage device) (PP of (NP choice))) (PP for (NP (ADJP virtually every) desktop computer user))))) ,) (ADVP also) (ADVP-TMP now) (VP will (VP supplement (NP (NP Next 's) futuristic optical device) (SBAR-ADV if (S (NP-SBJ buyers) (VP pay (NP full price)))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Jobs) , (NP (NP co-founder) (PP of (NP Apple Computer Inc.))) ,) (VP founded (NP Next) (ADVP-TMP (NP four years) ago) (PP in (NP (NP the hopes) (PP of (S-NOM (NP-SBJ *-1) (VP fomenting (NP (NP a revolution) (PP-LOC in (NP (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ-3 desktop computers) (VP are (VP designed and used (NP *-3) (ADVP-MNR *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ (NP His Next computer) , (VP (VP introduced (NP *) (ADVP-TMP (NP (QP about a) year) ago)) and (VP aimed (NP *) (PP-CLR (ADVP primarily) at (NP university computer users)))) ,) (VP sports (NP (NP snazzy graphics) , (NP digital sound) , (NP built-in networking) and (NP a sleek black design))) .)) (TOP (S But (NP-SBJ the computer) (VP was (VP proving (NP-PRD a hard sell) (PP-PRP because of (NP (NP its high price) , (NP (NP a lack) (PP of (NP software))) and (NP (NP an optical data-storage device) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD too slow))))))))) .)) (TOP (S (NP-SBJ The machine) (VP began (NP shipping) (PP-TMP at (NP (NP the end) (PP of (NP last year))))) .)) (TOP (S (NP-SBJ The (ADJP closely held) company) (VP has n't (VP disclosed (NP sales))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP most universities) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP bought (NP the machines)))))) (VP say (SBAR 0 (S (NP-SBJ they) (VP are (VP buying (NP small numbers) (PP-PRP for (NP evaluation purposes))))))) .)) (TOP (S (NP-SBJ Universities) (VP can (ADVP-TMP now) (VP buy (NP (NP a Next computer) (PP without (NP an optical storage device))) (PP-CLR for (NP $ 4,995 *U*)))) .)) (TOP (S (S (NP-SBJ (NP A computer) (PP with (NP the optical device))) (VP will (ADVP-TMP still) (VP cost (NP $ 6,495 *U*)))) , but (S (PP-TMP (PP from (NP now)) (ADVP on)) (NP-SBJ Next) (VP will (VP (VP outfit (NP every computer) (PP-CLR with (NP a hard drive))) and (VP supply (NP one) (PP at (NP no cost)) (PP-CLR to (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (ADVP-TMP already) (VP bought (NP Next machines))))))))))) .)) (TOP (S (NP-SBJ Commercial customers) (VP can (VP purchase (NP the same system) (PP through (NP (NP Businessland Inc.) , (NP (NP a computer retailer) (VP based (NP *) (PP-LOC-CLR in (NP (NP San Jose) , (NP Calif.) ,)))))) (PP for (NP (NP (QP roughly $ 3,000) *U*) (ADJP more))))) .)) (TOP (S (NP-SBJ Mr. Jobs) (VP said (SBAR 0 (S (NP-SBJ-1 the changes) (VP were (VP prompted (NP *-1) (PP by (NP-LGS (NP requests) (PP from (NP (NP customers) (SBAR (WHNP-3 who) (S (NP-SBJ-2 *T*-3) (VP are (VP frustrated (NP *-2) (PP-CLR with (NP (NP the performance) (PP of (NP (NP the optical device) , (SBAR (WHNP-4 which) (S (NP-SBJ-5 *T*-4) (VP is n't (VP offered (NP *-5) (PP as (NP standard equipment)) (PP by (NP-LGS any rivals))))))))))))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ Another factor) (VP was (SBAR-PRD that (S (NP-SBJ customers) (VP were (VP asking , `` (SBARQ (WHADVP-1 Why) (SQ do n't (NP-SBJ you) (VP give (NP us) (NP a cheaper system) (ADVP-PRP *T*-1))) ?) '')))))) (NP-SBJ Mr. Jobs) (VP said (SBAR 0 (S *T*-2)) (PP-LOC at (NP (NP a conference) (PP on (NP university computing)) (ADVP-LOC here)))) .)) (TOP (S (NP-SBJ Optical-storage devices) (VP (VP can (VP handle (NP (NP (ADJP very large) amounts) (PP of (NP data))))) and (VP make (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD far easier) (S-1 (NP-SBJ *) (VP to (VP edit (NP (NP film clips) or (NP audio recordings)) (PP with (NP a computer)))))))) .)) (TOP (S But (NP-SBJ the technology) , (SBAR-ADV while (FRAG (ADJP-PRD reliable))) , (VP is (ADJP-PRD (ADJP far slower) (PP than (NP the (ADJP widely used) hard drives)))) .)) (TOP (S (S-PRP (NP-SBJ *-2) (VP To (VP get (PP-CLR around (NP (NP the delays) (VP caused (NP *) (PP by (NP-LGS the optical device)))))))) , (NP-SBJ-2 (NP Businessland) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP (NP Next 's) exclusive dealer) (PP to (NP corporations)))))) ,) (VP has (PP-TMP for (NP months)) (VP been (VP advising (NP-3 customers) (S (NP-SBJ *-3) (VP to (VP purchase (NP hard drives) (PP with (NP the machines)))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP Next 's) decision (S (NP-SBJ *) (VP to (VP rely (PP-CLR on (NP the more-established hard drive)) (PP-LOC in (NP every Next computer)))))) (VP does n't (VP signal (NP (NP a retreat) (PP from (NP optical storage)))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Mr. Jobs) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (PP-TMP for (NP years)) (VP has (VP said (SBAR 0 (S (NP-SBJ this technology) (VP will (VP play (NP a crucial role) (PP-TMP in (NP the next decade))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 We) (VP 're (VP (ADVP-MNR extremely) committed (NP *-2) (PP-CLR to (NP optical storage technology))))) '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ everything) (VP will (VP go (NP-DIR this way) (PP-TMP in (NP a few years))))))) . '')) (TOP (S (S (NP-SBJ He) (VP said (SBAR that (S (NP-SBJ (NP the next generation) (PP of (NP optical drives))) (VP will (VP be (ADJP-PRD (ADJP as fast) (PP as (NP hard drives))))))))) , but (S (NP-SBJ he) (VP depends (PP-CLR on (NP outside suppliers)) (PP for (NP the devices)))) .)) (TOP (S But (NP-SBJ (NP university computer specialists) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP welcomed (NP the move)))) ,) (VP called (S (NP-SBJ it) (NP-PRD (NP (NP a necessary retreat) (PP from (NP (NP the cutting edge) (PP of (NP technology))))) and (NP (NP one) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP 's (ADJP-PRD likely (S (NP-SBJ *-3) (VP to (VP increase (NP (NP (NP Next 's) sales) (PP-LOC on (NP campuses)))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (PP From (NP (NP the standpoint) (PP of (S-NOM (NP-SBJ *) (VP being (PP-LOC-PRD on (NP (NP the forefront) (PP of (NP technology))))))))) , (NP-SBJ this) (VP is (NP-PRD a step backward))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Jerry W. Sprecher) , (NP (NP a senior computing manager) (PP for (NP the California state university system)))) .)) (TOP (S `` But (NP-SBJ it) (VP will (ADVP definitely) (VP boost (NP (NP Next 's) sales))) . '')) (TOP (S (NP-SBJ Universities) , (ADVP however) , (VP say (SBAR 0 (S (NP-SBJ (NP Next 's) prices) (VP must (VP go (ADJP-PRD even lower) (SBAR-TMP before (S (NP-SBJ (NP large numbers) (PP of (NP students))) (VP purchase (NP the machine))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-2 We) (VP 'd (ADVP-TMP still) (VP like (S (NP-SBJ *-2) (VP to (VP see (NP (NP a student model) , '' (VP priced (NP *) (PP-CLR at (NP (QP about $ 3,500) *U*)))))))))) , (VP said (SBAR 0 (S *T*-3))) (NP-SBJ (NP Ronald Johnson) , (NP (NP director) (PP of (NP academic computing)) (PP-LOC at (NP (NP (NP Minnesota 's) Gustavus Adolphus College) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP bought (NP eight Next machines))))))))) .)) (TOP (S (NP-SBJ-1 (NP Broad acceptance) (PP of (NP (NP Next 's) computer))) (ADVP also) (VP is (VP hindered (NP *-1) (PP by (NP-LGS (NP difficulty) (PP-LOC in (S-NOM (NP-SBJ *) (VP distributing (NP (NP software) (PP for (NP it)))))))))) .)) (TOP (S (S (NP-SBJ-1 Most software) (VP is (VP distributed (NP *-1) (PP-LOC on (NP cheap floppy disks))))) , but (S (NP-SBJ the Next computer) (VP does n't (VP come (PP-CLR with (NP (NP a device) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP reads (NP them))))))))) .)) (TOP (S (S (NP-SBJ (NP Next 's) computer) (ADVP also) (VP needs (NP more software applications))) , but (S (NP-SBJ Mr. Jobs) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (NP more) (ADVP-TMP soon)))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP expects (S (NP-SBJ Lotus Development Corp.) (VP to (VP introduce (NP (NP a Next version) (PP of (NP its popular 1-2-3 spreadsheet program))) (PP-TMP in (NP 1990))))))))) .)) (TOP (S (NP-SBJ Educators) (VP added (SBAR that (S (NP-SBJ-1 Next) (VP needs (S (NP-SBJ *-1) (VP to (ADVP-TMP soon) (VP offer (NP (NP a color version) (PP of (NP its computer)))))))))) .)) (TOP (S (NP-SBJ Every major maker) (VP offers (NP (NP computers) (PP with (NP color displays)))) .)) (TOP (S (NP-SBJ-2 Next) (VP (VP wo n't (VP comment (PP-CLR on (SBAR (WHADVP-1 when) (S (NP-SBJ it) (VP will (VP do (NP the same) (ADVP-TMP *T*-1)))))))) , but (VP is (VP believed (S (NP-SBJ *-2) (VP to (VP have (NP a color model) (PP-LOC-CLR under (NP development)))))))) .)) (TOP (S (NP-SBJ-2 (NP Donald J. Amaral) , (ADJP (NP 37 years) old) ,) (VP was (VP named (S (NP-SBJ *-2) (NP-PRD (NP (NP president) and (NP chief operating officer)) (PP of (NP (NP this owner and operator) (PP of (NP (NP hospitals) , (NP nursing centers) and (NP retirement hotels))))))))) .)) (TOP (S (NP-SBJ He) (VP succeeds (PP as (NP president)) , (NP (NP Don Freeberg) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP remains (NP-PRD (NP chairman) and (NP chief executive officer))))))) .)) (TOP (S (NP-SBJ (NP The position) (PP of (NP chief operating officer))) (VP is (ADJP-PRD new)) .)) (TOP (S (NP-SBJ Ashton-Tate Corp.) (VP reported (NP (NP a net loss) (PP of (NP (NP (QP $ 19.4 million) *U*) , or (NP (NP 74 cents) (NP-ADV a share)) ,))) (PP for (NP (NP the third quarter) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP burdened (NP *-1) (PP by (NP-LGS (NP severance costs) and (NP (NP the expense) (PP of (S-NOM (NP-SBJ *) (VP upgrading (NP its database software inventories)))))))))))))) .)) (TOP (S (NP-SBJ The software company) (VP said (SBAR 0 (S (NP-SBJ revenue) (VP slid (NP-EXT 28 %) (PP-DIR to (NP (QP $ 53.9 million) *U*)))))) .)) (TOP (S (NP-SBJ This) (VP contrasts (PP-CLR with (NP (NP the year-ago quarter) , (SBAR (WHADVP-1 when) (S (NP-SBJ the company) (VP had (NP (NP net income) (PP of (NP (NP (QP $ 11.7 million) *U*) , or (NP (NP 45 cents) (NP-ADV a share)) ,))) (PP on (NP (NP revenue) (PP of (NP (QP $ 75.7 million) *U*)))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ Ashton-Tate) (VP had (NP (NP a loss) (PP of (NP (NP (QP $ 27.6 million) *U*) , or (NP (NP $ 1.05 *U*) (NP-ADV a share)))))) .)) (TOP (S (PP-TMP In (NP the year-ago period)) , (NP-SBJ the company) (VP had (NP (NP profit) (PP of (NP (NP (QP $ 34.3 million) *U*) , or (NP (NP $ 1.32 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ (NP Revenue) (PP-TMP in (NP the period))) (VP slid (NP-EXT (QP almost 8) %) (PP-DIR to (NP (QP $ 203.2 million) *U*)) (PP-DIR from (NP (QP about $ 220 million) *U*) (NP-TMP last year))) .)) (TOP (S (NP-SBJ (NP Edward M. Esber) , (NP (NP chairman) , (NP president) and (NP chief executive officer)) ,) (VP attributed (NP the decline) (PP-CLR to (NP (NP reduced domestic revenue) (PP-PRP because of (NP (NP (NP (QP $ 4.9 million) *U*) (VP spent (NP *) (S-PRP (NP-SBJ *) (VP to (VP upgrade (NP existing software inventories) (PP-CLR to (NP the new database IV Version 1.1))))))) , and (NP (NP (QP $ 1.8 million) *U*) (VP spent (NP *) (PP-CLR on (NP (NP the recent reduction) (PP-LOC in (NP work force))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP was `` (VP encouraged (NP *-1) (PP by (NP-LGS (NP feedback) '' (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP received (NP *T*-2) (PP-DIR from (NP (NP selected customers) (VP (ADVP-TMP now) testing (NP Version 1.1)))))))))))))) .)) (TOP (S (S (NP-SBJ The red ink) (VP came (PP as (NP (NP no surprise) (PP to (NP Wall Street)))))) , but (S (NP-SBJ analysts) (VP said (SBAR 0 (S (NP-SBJ they) (VP saw (NP (NP ominous hints) (PP of (NP (NP a further delay) (PP-LOC in (NP (NP volume shipments) (PP of (NP Version 1.1)))) , (NP (NP a harbinger) (PP of (NP (NP continued losses) (PP-TMP in (NP the fourth quarter))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The loss) (VP is (PP-LOC-PRD in (NP (NP line) (PP with (NP our expectations)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP John C. Maxwell III) , (NP (NP an analyst) (PP with (NP (NP Dillon , Read & Co.) (PP-LOC in (NP New York)))))) .)) (TOP (S (NP-SBJ He) (VP added (SBAR 0 (S (NP-SBJ (NP gross margins) and (NP operating profit)) (VP `` eroded (ADVP-MNR quite dramatically) '' (PP-CLR from (NP the prior quarter)) , (PP along (PP with (NP (NP sales) (PP of (NP (NP existing software product lines) (PP like (NP Multimate and Framework))))))))))) .)) (TOP (S `` (NP-SBJ-1 (NP The success) (PP of (NP (NP a new product) (PP-LOC in (NP the database line))))) (VP is (VP needed (NP *-1))) .)) (TOP (S (S-TPC-1 And (SBAR-ADV while (S (NP-SBJ the company) (VP has n't (VP made (NP a definite statement))))) , (NP-SBJ it) (ADVP-TMP now) (VP looks (SBAR-PRD like (S (NP-SBJ-2 that) (VP 's not (VP going (S (NP-SBJ *-2) (VP to (VP be (ADVP-TMP-PRD anytime soon)))))))))) , '' (NP-SBJ Mr. Maxwell) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ The company) (VP said (PP-LOC in (NP a statement)) (SBAR that (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP ship (NP new products) `` (PP-TMP during (NP the next two quarters))))))))) . '')) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (ADVP-TMP now) (VP looks (SBAR-PRD like (S (NP-SBJ-1 database IV Version 1.1) (VP is n't (VP going (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD (PRN -LCB- widely -RCB-) available)))) (PP-TMP until (NP (NP the first quarter) (PP of (NP 1990)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP David Bayer) , (NP (NP an analyst) (PP with (NP (NP Montgomery Securities) (PP-LOC in (NP San Francisco)))))) .)) (TOP (S `` (NP-SBJ This) (VP is (NP-PRD (NP the second delay) (ADVP-TMP now) (PP-LOC in (S-NOM (NP-SBJ *) (VP getting (NP the product) (PP-CLR out (NP the door))))))) .)) (TOP (S (NP-SBJ It) (VP does (VP prolong (NP the pain) (ADVP-EXT somewhat))) . '')) (TOP (S (NP-SBJ Mr. Maxwell) (VP said (SBAR 0 (S (SBAR-ADV unless (S (NP-SBJ the company) (VP can (VP start (NP (NP shipments) (PP of (NP the new product))) (NP-TMP sometime this quarter))))) , (NP-SBJ-1 the fourth-quarter loss) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be `` (ADJP-PRD comparable (PP to (NP the third quarter 's))))))))))) . '')) (TOP (S (S-TPC-1 (SBAR-ADV If (S (NP-SBJ-2 the company) (VP can (VP start (S (NP-SBJ *-2) (VP to (VP ship))) (PP-TMP during (NP this quarter)))))) , (NP-SBJ it) (VP could (VP stem (NP (NP (NP some) , (CONJP if not) (NP all)) (PP of (NP the red ink)))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) , (NP-SBJ Ashton-Tate) (VP closed (NP-TMP yesterday) (PP-CLR at (NP (NP $ 10 *U*) (NP-ADV a share))) , (ADVP up (NP 62.5 cents))) .)) (TOP (NP (NP Tuesday) , (NP October 17 , 1989))) (TOP (S (NP-SBJ (NP The key (UCP U.S. and foreign) annual interest rates) (ADVP-LOC below)) (VP (VP are (NP-PRD (NP a guide) (PP to (NP general levels)))) but (VP do n't (ADVP-TMP always) (VP represent (NP actual transactions)))) .)) (TOP (NP (NP PRIME RATE) : (NP (QP 10 1) %) .)) (TOP (NP (NP The base rate) (PP-LOC on (NP corporate loans)) (PP-LOC at (NP large U.S. money center commercial banks)) .)) (TOP (NP (NP FEDERAL FUNDS) : (NP (NP (NP (QP 8 11) %) (ADJP high)) , (NP (NP (QP 8 5) %) (ADJP low)) , (NP (NP (QP 8 5) %) (PP-TMP near (NP closing bid))) , (NP (NP (QP 8 11) %) (VP offered (NP *)))) .)) (TOP (NP (NP Reserves) (VP traded (NP *) (PP-LOC among (NP commercial banks)) (PP-PRP for (NP overnight use)) (PP in (NP (NP amounts) (PP of (NP (QP $ 1 million) *U* (QP or more)))))) .)) (TOP (NP (NP Source) : (NP Fulton Prebon (PRN -LRB- (NP-LOC U.S.A .) -RRB-) Inc) .)) (TOP (NP (NP DISCOUNT RATE) : (NP 7 %) .)) (TOP (NP (NP The charge) (PP-LOC on (NP (NP loans) (PP to (NP depository institutions)))) (PP by (NP the New York Federal Reserve Bank)) .)) (TOP (NP (NP CALL MONEY) : (NP (NP (QP 9 3) %) to (NP 10 %)) .)) (TOP (NP (NP The charge) (PP-LOC on (NP (NP loans) (PP to (NP brokers)) (PP on (NP stock exchange collateral)))) .)) (TOP (NP (NP (NP COMMERCIAL PAPER) (VP placed (NP *) (ADVP-MNR directly) (PP by (NP-LGS General Motors Acceptance Corp.)))) : (NP (NP (NP 8.40 %) (NP-TMP (QP 30 to 44) days)) ; (NP (NP 8.325 %) (NP-TMP (QP 45 to 59) days)) ; (NP (NP 8.10 %) (NP-TMP (QP 60 to 89) days)) ; (NP (NP 8 %) (NP-TMP (QP 90 to 119) days)) ; (NP (NP 7.85 %) (NP-TMP (QP 120 to 149) days)) ; (NP (NP 7.70 %) (NP-TMP (QP 150 to 179) days)) ; (NP (NP 7.375 %) (NP-TMP (QP 180 to 270) days))) .)) (TOP (NP (NP COMMERCIAL PAPER) : (NP (NP High-grade unsecured notes) (VP sold (NP *) (PP through (NP dealers)) (PP by (NP-LGS major corporations)) (PP in (NP (NP multiples) (PP of (NP $ 1,000 *U*)))))) : (NP (NP (NP 8.50 %) (NP-TMP 30 days)) ; (NP (NP 8.40 %) (NP-TMP 60 days)) ; (NP (NP 8.375 %) (NP-TMP 90 days))) .)) (TOP (NP (NP (NP CERTIFICATES) (PP OF (NP DEPOSIT))) : (NP (NP (NP 8.05 %) (NP-TMP one month)) ; (NP (NP 8.02 %) (NP-TMP two months)) ; (NP (NP 8 %) (NP-TMP three months)) ; (NP (NP 7.98 %) (NP-TMP six months)) ; (NP (NP 7.95 %) (NP-TMP one year))) .)) (TOP (NP (NP Average) (PP of (NP (NP top rates) (VP paid (NP *) (PP by (NP-LGS major New York banks)) (PP-LOC (PP on (NP (NP primary new issues) (PP of (NP negotiable C.D.s)))) , (ADVP-TMP usually) (PP on (NP (NP amounts) (PP of (NP (QP $ 1 million) *U* (QP and more))))))))) .)) (TOP (S (NP-SBJ The minimum unit) (VP is (NP-PRD $ 100,000 *U*)) .)) (TOP (NP (NP (NP Typical rates) (PP-LOC in (NP the secondary market))) : (NP (NP (NP 8.50 %) (NP-TMP one month)) ; (NP (NP 8.50 %) (NP-TMP three months)) ; (NP (NP 8.45 %) (NP-TMP six months))) .)) (TOP (NP (NP BANKERS ACCEPTANCES) : (NP (NP (NP 8.38 %) (NP-TMP 30 days)) ; (NP (NP 8.28 %) (NP-TMP 60 days)) ; (NP (NP 8.23 %) (NP-TMP 90 days)) ; (NP (NP 8.13 %) (NP-TMP 120 days)) ; (NP (NP 8.03 %) (NP-TMP 150 days)) ; (NP (NP 7.93 %) (NP-TMP 180 days))) .)) (TOP (NP (NP Negotiable , bank-backed business credit instruments) (VP (ADVP typically) financing (NP an import order)) .)) (TOP (NP (NP LONDON LATE EURODOLLARS) : (NP (NP (NP (NP (QP 8 5) %) to (NP (QP 8 1) %)) (NP-TMP one month)) ; (NP (NP (NP (QP 8 9) %) to (NP (QP 8 7) %)) (NP-TMP two months)) ; (NP (NP (NP (QP 8 9) %) to (NP (QP 8 7) %)) (NP-TMP three months)) ; (NP (NP (NP (QP 8 1) %) to (NP (QP 8 3) %)) (NP-TMP four months)) ; (NP (NP (NP (QP 8 7) %) to (NP (QP 8 5) %)) (NP-TMP five months)) ; (NP (NP (NP (QP 8 7) %) to (NP (QP 8 5) %)) (NP-TMP six months))) .)) (TOP (NP (NP (NP LONDON INTERBANK OFFERED RATES) (PRN -LRB- (NP LIBOR) -RRB-)) : (NP (NP (NP (QP 8 5) %) (NP-TMP one month)) ; (NP (NP (QP 8 9) %) (NP-TMP three months)) ; (NP (NP (QP 8 7) %) (NP-TMP six months)) ; (NP (NP (QP 8 7) %) (NP-TMP one year))) .)) (TOP (NP (NP The average) (PP of (NP interbank offered rates)) (PP for (NP dollar deposits)) (PP-LOC in (NP the London market)) (VP based (NP *) (PP-LOC-CLR on (NP (NP quotations) (PP-LOC at (NP five major banks))))) .)) (TOP (NP (NP FOREIGN PRIME RATES) : (NP (NP (NP Canada) (NP 13.50 %)) ; (NP (NP Germany) (NP 8.50 %)) ; (NP (NP Japan) (NP 4.875 %)) ; (NP (NP Switzerland) (NP 8.50 %)) ; (NP (NP Britain) (NP 15 %))) .)) (TOP (S (S (NP-SBJ These rate indications) (VP are n't (ADJP-PRD directly comparable))) ; (S (NP-SBJ lending practices) (VP vary (ADVP-MNR widely) (PP by (NP location)))) .)) (TOP (NP (NP TREASURY BILLS) : (NP (NP (NP Results) (PP of (NP (NP the (NAC-TMP Monday , October 16 , 1989 ,) auction) (PP of (NP (NP short-term U.S. government bills) , (VP sold (NP *) (PP at (NP (NP a discount) (PP from (NP face value)))) (PP in (NP (NP units) (PP of (NP (NP $ 10,000 *U*) to (NP (QP $ 1 million) *U*))))))))))) : (NP (NP (NP 7.37 %) (NP-TMP 13 weeks)) ; (NP (NP 7.42 %) (NP-TMP 26 weeks)))) .)) (TOP (NP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP .) (PRN -LRB- (NP Freddie Mac) -RRB-)) : (NP (NP Posted yields) (PP-LOC on (NP 30-year mortgage commitments)) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days))))) .)) (TOP (NP (NP (NP 9.88 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 7.875 %) , (NP (ADJP 2 %) (ADJP rate capped) one-year adjustable rate mortgages)) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION) -LRB- (NP Fannie Mae) -RRB-) : (NP (NP (NP Posted yields) (PP-LOC on (NP (NP 30 year mortgage commitments) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days)))) (PRN -LRB- (VP priced (NP *) (PP-CLR at (NP par))) -RRB-)))) (NP (NP (NP 9.80 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 8.70 %) , (NP 6 (ADJP rate capped) one-year adjustable rate mortgages)))) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP MERRILL LYNCH READY ASSETS TRUST) : (NP 8.50 %) .)) (TOP (NP (NP (NP Annualized average rate) (PP of (NP return)) (PP-TMP after (NP expenses)) (PP-TMP for (NP the past 30 days))) ; (NP (NP not a forecast) (PP of (NP future returns))) .)) (TOP (S (NP-SBJ Ethyl Corp.) (VP reported (SBAR that (S (NP-SBJ-1 third-quarter net income) (VP fell (NP-EXT 12 %) (PP-DIR from (NP a year-earlier quarter)) (S-ADV (NP-SBJ-2 *-1) (VP helped (NP *-2) (PP-LGS by (NP (NP a gain) (PP from (NP discontinued operations)))))))))) .)) (TOP (S (NP-SBJ (NP Profit) (PP from (NP continuing operations))) (VP rose (NP-EXT 19 %)) .)) (TOP (S (NP-SBJ The chemicals and insurance company) (VP said (SBAR 0 (S (NP-SBJ (NP net) (PP-TMP in (NP the latest quarter))) (VP was (NP-PRD (NP (QP $ 54.8 million) *U*) , or (NP (NP 45 cents) (NP-ADV a share))))))) .)) (TOP (S (PP-TMP In (NP the year-earlier quarter)) , (NP-SBJ net) (VP was (NP-PRD (NP (QP $ 62.2 million) *U*) , or (NP (NP 51 cents) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ The previous-year quarter) (VP included (NP (NP (QP $ 16.1 million) *U*) (PP from (NP (NP businesses) (VP spun (NP *) (PRT off) (PP-CLR as (NP Tredegar Industries Inc))))))) .)) (TOP (S (NP-SBJ Revenue) (VP was (NP-PRD (QP $ 613.7 million) *U*) , (ADVP up (NP 18 %) (PP from (NP (QP $ 521.2 million) *U*) (ADVP-TMP (NP a year) ago)))) .)) (TOP (S (NP-SBJ Ethyl) (VP said (SBAR 0 (S (NP-SBJ (NP pretax profit) (PP from (NP its insurance segment))) , (PP excluding (NP investment gains)) , (VP rose (NP-EXT (NP 28 %)) (PP-TMP in (NP the latest quarter)) (PP-DIR to (NP (QP $ 28.6 million) *U*)) (PP-DIR from (NP (QP $ 22.4 million) *U*)))))) .)) (TOP (S (PP-LOC In (NP the chemicals segment)) , (NP-SBJ pretax profit) (VP rose (NP-EXT 7 %) (PP-DIR to (NP (QP $ 69.2 million) *U*)) (PP-DIR from (NP (QP $ 64.9 million) *U*))) .)) (TOP (S (NP-SBJ (NP The company 's) chemicals interests) (VP include , (PP-LOC among (NP other things)) , (NP (NP petroleum additives) , (NP pharmaceuticals ingredients) and (NP (NP polysilicon) (VP used (NP *) (PP by (NP-LGS the semiconductor industry)))))) .)) (TOP (S (PP For (NP the nine months)) , (NP-SBJ Ethyl) (VP said (SBAR 0 (S (NP-SBJ net) (VP fell (NP-EXT 2 %) (PP-DIR to (NP (NP (QP $ 168.7 million) *U*) , or (NP (NP $ 1.40 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 172.2 million) *U*) , (NP (NP $ 1.42 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) ago)))))) .)) (TOP (S (NP-SBJ (NP Net) (PP-TMP in (NP the latest period))) (VP included (NP (NP (NP (QP $ 11.9 million) *U*) (PP from (NP discontinued operations))) and (NP (NP a charge) (PP of (NP (NP (QP $ 6.2 million) *U*) (PP from (NP a plant closing))))))) .)) (TOP (S (PP-TMP In (NP the year-ago period)) , (NP-SBJ net) (VP included (NP (NP (QP $ 32.7 million) *U*) (PP from (NP discontinued operations)))) .)) (TOP (S (NP-SBJ Revenue) (VP was (NP-PRD (QP $ 1.79 billion) *U*) , (ADVP up (NP 18 %) (PP from (NP (QP $ 1.52 billion) *U*) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Ethyl) (VP closed (PP-CLR at (NP (NP $ 25.875 *U*) (NP-ADV a share))) , (ADVP up (NP 12.5 cents))) .)) (TOP (S (NP-SBJ-1 Tribune Co.) , (S-ADV (NP-SBJ-2 *-1) (VP helped (NP *-2) (PP by (NP-LGS (NP a hefty boost) (PP-LOC in (NP performance)) (PP-LOC at (NP its broadcasting and entertainment operations)))))) , (VP said (SBAR 0 (S (NP-SBJ net income) (VP jumped (NP-EXT 21 %) (PP-TMP in (NP (NP its third quarter) (VP ended (NP-TMP Sept. 24)))) (PP on (NP (NP a (ADJP 3 %) increase) (PP-LOC in (NP revenue)))))))) .)) (TOP (S (NP-SBJ (NP The broadcasting and newspaper concern) , (VP based (NP *) (PP-LOC-CLR in (NP Chicago))) ,) (VP said (SBAR 0 (S (NP-SBJ net) (VP was (NP-PRD (NP (QP $ 62.7 million) *U*) , or (NP (NP 77 cents) (NP-ADV a primary share)) ,) (ADVP up (PP from (NP (NP (QP $ 51.6 million) *U*) , or (NP (NP 69 cents) (NP-ADV a share))))))))) .)) (TOP (S (S (NP-SBJ Per-share figures) (NP-TMP this year) (VP reflect (NP (NP (QP $ 6.8 million) *U*) (PP-LOC in (NP preferred-share dividends))))) ; (S (NP-SBJ the 1988 quarter) (VP did n't (VP have (NP such a payout)))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (PP-DIR to (NP (QP $ 590.7 million) *U*)) (PP-DIR from (NP (QP $ 575.1 million) *U*))) .)) (TOP (S (NP-SBJ Nine-month net) (VP climbed (NP-EXT 19 %) (PP-DIR to (NP (NP (QP $ 174.8 million) *U*) , or (NP (NP $ 2.21 *U*) (NP-ADV a primary share)) ,)) (PP-DIR from (NP (NP (QP $ 147.5 million) *U*) , or (NP (NP $ 1.94 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ (NP Nine-month per-share figures) (PP for (NP 1989))) (VP reflect (NP (NP (QP $ 12.9 million) *U*) (PP-LOC in (NP preferred dividends)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (NP no counterpart) (PP-TMP in (NP the year-earlier quarter))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 4 %) (PP-DIR to (NP (QP $ 1.79 billion) *U*))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP Friday) , (NP-SBJ Tribune) (VP closed (PP-CLR at (NP $ 49.375 *U*)) , (ADVP down (NP $ 4.75 *U*))) .)) (TOP (S (NP-SBJ Enserch Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (NP (QP about 12 million)) , or (NP 93 %) ,) (PP of (NP (NP the (ADJP publicly traded) units) (PP of (NP (NP its limited partnership) , (NP Enserch Exploration Partners Ltd.) ,))))) (VP were (VP tendered (NP *-1) (PP in (NP (NP response) (PP to (NP (NP an offer) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP expired (NP-TMP Monday))))))))))))) .)) (TOP (S (NP-SBJ Enserch) (VP said (SBAR 0 (S (NP-SBJ the tendered units) (VP will (VP raise (NP (NP its ownership) (PP of (NP the partnership))) (PP-DIR to (NP (QP more than 99) %)) (PP-DIR from (NP 87 %))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-2 (QP About 900,000) units) (VP will (VP continue (S (NP-SBJ-1 *-2) (VP to (VP be (VP (ADVP-MNR publicly) traded (NP *-1) (PP-LOC on (NP the New York Stock Exchange))))))))) , (NP-SBJ Enserch) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Enserch) (VP had (VP offered (NP (NP (NP one-half a share) (PP of (NP its common))) and (NP (NP $ 1 *U*) (PP in (NP cash)))) (PP for (NP each unit)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The public sector borrowing requirement) , (NP (NP the (ADJP most widely used) measure) (PP of (NP (NP Britain 's) government deficit or surplus))) ,) (VP showed (NP (NP a deficit) (PP of (NP (QP # 200 million) *U*))) (PP-TMP in (NP September)) , (PP compared (PP with (NP (NP (NP a deficit) (PP of (NP (QP # 765 million) *U*)) (PP-TMP in (NP August))) and (NP (NP a deficit) (PP of (NP (QP # 1.08 billion) *U*)) (PP-TMP in (NP September 1988)))))))) , (NP-SBJ the Treasury) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP In (NP (NP the six months) (SBAR-TMP since (S (NP-SBJ the current fiscal year) (VP began (NP-TMP April 1)))))) , (NP-SBJ the surplus) (VP totaled (NP (QP # 500 million) *U*) , (PP compared (PP with (NP (NP a surplus) (PP of (NP (QP # 3.6 billion) *U*)) (PP-TMP in (NP the year-earlier period)))))) .)) (TOP (S (NP-SBJ The government) (VP is (VP projecting (NP a (ADJP (QP # 14 billion) *U*) surplus) (PP for (NP the fiscal year)))) .)) (TOP (S (NP-SBJ (NP The reported figures) (PP for (NP the public sector borrowing requirement))) (VP include (NP (NP receipts) (PP from (NP (NP the sale) (PP of (NP state-owned industries)))))) .)) (TOP (S (S-TPC-1 (S-ADV (NP-SBJ *) (VP Excluding (NP those receipts))) , (NP-SBJ the government deficit) (VP would (VP have (VP totaled (NP (QP about # 2.5 billion) *U*) (PP-TMP in (NP the first six months)) , (PP compared (PP with (NP (NP (QP # 1.3 billion) *U*) (ADVP-TMP (NP a year) earlier)))))))) , (NP-SBJ the Treasury) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP French crude-steel production) (PP-TMP in (NP September))) (VP was (NP-PRD (NP 1,616,000 metric tons) , (ADJP unchanged (PP from (ADVP-TMP (NP a year) earlier))) ,) (PP according (PP to (NP (NP the National Steel Manufacturers ') Association)))) .)) (TOP (S (NP-SBJ The association) (VP said (SBAR 0 (S (NP-SBJ the September total) (VP brought (NP (NP French output) (PP for (NP (NP the first nine months) (NP-TMP this year)))) (PP-DIR to (NP 14,789,000 tons)) , (ADVP up (NP 4.5 %) (PP from (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ (NP Prospect Group Inc.) , (SBAR (WHNP-1 (WHNP whose recent hostile tender offer) (PP for (NP Recognition Equipment Inc.))) (S (NP-SBJ *T*-1) (VP failed (PP-PRP for (NP (NP lack) (PP of (NP financing))))))) ,) (ADVP apparently) (VP has (VP gained (NP (NP a measure) (PP of (NP (NP control) (PP over (NP the troubled company))))) (ADVP anyway))) .)) (TOP (S (PP As (NP (NP part) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ a Recognition spokeswoman) (VP termed (S (NP-SBJ *T*-1) (NP-PRD an `` amiable agreement)))))))) , '' (NP-SBJ Prospect Group) (VP will (VP wind (PRT up) (PP-CLR with (NP (NP (NP control) (PP of (NP top management posts))) and (NP (NP an increased stake) (PP-LOC in (NP (NP the maker) (PP of (NP data management equipment))))))))) .)) (TOP (S (PP-LOC In (NP a management restructuring)) , (NP-SBJ Thomas L. Ringer) (VP resigned (PP-CLR as (NP (NP chairman) , (NP chief executive) and (NP a director))) , (SBAR-ADV while (S (NP-SBJ Israel Sheinberg) (VP resigned (PP-CLR as (NP a director)))))) .)) (TOP (S (NP-SBJ Mr. Sheinberg) (VP remains (PP-PRD as (NP executive vice president))) .)) (TOP (S (NP-SBJ-1 (NP (NP Thomas M. Hurley) and (NP Robert A. Vanourek)) , (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP had (VP been (VP designated (S (NP-SBJ *-3) (VP to (VP take (PRT over) (NP (NP Recognition 's) top spots) (SBAR-ADV (SINV had (NP-SBJ (NP Prospect 's) tender offer) (VP succeeded))))))))))) ,) (VP were (VP named (S (NP-SBJ *-1) (NP-PRD (NP co-chief executives) and (NP directors))))) .)) (TOP (S (S (NP-SBJ Mr. Hurley) (VP was (ADVP-TMP formerly) (NP-PRD (NP (NP a vice president) and (NP general manager)) (PP of (NP an Avery International division))))) ; (S (NP-SBJ Mr. Vanourek) (VP was (NP-PRD (NP a former group vice president) (PP of (NP Pitney Bowes Inc))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the agreement) (VP calls (SBAR-CLR for (S (NP-SBJ-1 (NP Gilbert H. Lamphere) , (NP (NP chairman) (PP of (NP (NP Prospect Group 's) executive committee))) ,) (VP to (VP be (VP named (S (NP-SBJ *-1) (NP-PRD (NP chairman) (PP of (NP (NP a restructured board) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP will (VP include (NP four new independent directors))))))))))))))) .)) (TOP (SINV (ADVP Also) (VP-TPC-1 named (NP *-2) (PP-CLR to (NP the revised board))) (VP was (VP *T*-1)) (NP-SBJ-2 (NP Thomas A. Loose) , (NP (NP Recognition 's) (NX (NX senior vice president) and (NX general counsel)))) .)) (TOP (S (NP-SBJ-2 (NP Prospect) , (NP a (ADJP New York-based) leveraged buy-out firm) ,) (ADVP also) (VP agreed (S (NP-SBJ *-2) (VP to (VP invest (NP (QP $ 15 million) *U*) (PP-CLR in (NP (NP Recognition) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (PP in (NP turn)) (VP agreed (S (NP-SBJ *-3) (VP to (VP repurchase (NP (NP (QP as much as $ 20 million) *U*) (PP of (NP its stock))))))))))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP increase (NP (NP (NP Prospect 's) ownership) (PP of (NP (NP (NP the company 's) fully-diluted shares) (ADJP outstanding)))) (PP-DIR to (NP 20 %)) (PP-DIR from (NP 14.1 %)))) .)) (TOP (S (PP-LOC Under (NP the agreement)) , (NP-SBJ-1 Prospect) (VP is (VP permitted (S (NP-SBJ *-1) (VP to (VP increase (NP (NP its stake) (PP-LOC in (NP Recognition))) (PP-DIR to (NP 30 %))))))) .)) (TOP (S (PP-LOC Beyond (NP that)) , (NP-SBJ Prospect) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP would n't (VP offer (S (NP-SBJ *-1) (VP to (VP (VP acquire (NP additional shares) (PP-CLR for (NP-2 (NP (QP less than $ 11.25) *U*) (NP-ADV a share))) (PP-TMP-3 during (NP the next year))) or (VP (NP=2 (NP (QP less than $ 14.06) *U*) (NP-ADV a share)) (PP-TMP=3 during (NP the subsequent two years))))))))))) .)) (TOP (S (NP-SBJ Recognition) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP obtained (NP a commitment (S *ICH*-2)) (PP-DIR from (NP (NP Chemical Bank) and (NP (NP Bank) (PP of (NP Boston))))) (S-2 (NP-SBJ *) (VP to (VP convert (NP (NP an estimated (QP $ 18 million) *U*) (PP-LOC in (NP bank debt))) (PP-CLR to (NP (NP a new , 24-month secured term loan) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP repaid (NP *-1) (PP through (NP (NP the sale) (PP of (NP certain assets)))))))))))))))))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ Recognition) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (PP-PRD in (NP (NP violation) (PP of (NP (NP certain terms) (PP of (NP (NP its debt agreements) (PP with (NP bank lenders)))))))) (PP-PRP because of (NP (NP a (ADJP (QP $ 3.9 million) *U*) loss) (PP for (NP (NP the third quarter) (VP ended (NP-TMP July 31)))))))))) .)) (TOP (S (NP-SBJ The company) (VP attributed (NP the loss) (PP-CLR to (NP (NP declining revenue) and (NP (NP litigation costs) (VP relating (PP-CLR to (NP (NP criminal charges) (PP against (NP (NP the company) and (NP (NP two former executives) , (NP (NP William G. Moore Jr.) and (NP Robert W. Reedy)))))))))))) .)) (TOP (S (NP-SBJ-1 The former executives) (VP were (VP indicted (NP *-1) (NP-TMP last October) (PP on (NP (NP charges) (PP of (NP fraud , theft and conspiracy)) (ADJP related (PP to (NP (NP efforts (S *ICH*-2)) (PP by (NP the company)) (S-2 (NP-SBJ *) (VP to (VP win (NP (NP (QP $ 400 million) *U*) (PP in (NP Postal Service contracts))))))))))))) .)) (TOP (S (NP-SBJ Recognition Equipment) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expected (S (NP-SBJ *-1) (VP to (VP put (NP (NP the agreement) (PP with (NP Prospect))) (PP-PUT to (NP (NP a vote) (PP of (NP its stockholders)))) (PP-LOC at (NP (NP a special meeting) (PP-TMP in (NP January))))))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Recognition) (VP rose (NP-EXT 87.5 cents) (PP-DIR to (NP $ 6.625 *U*))) .)) (TOP (S (NP-SBJ Prospect) (VP slipped (NP-EXT 25 cents) (PP-DIR to (NP $ 10.50 *U*)) (PP-LOC in (NP national over-the-counter trading))) .)) (TOP (S (NP-SBJ-1 (NP General Motors Corp. 's) Chevrolet division) , (S-ADV (NP-SBJ *-1) (VP reacting (PP-CLR to (NP slow sales)))) , (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP offer (NP (NP (ADJP $ 800 *U*) rebates) (PP on (NP (NP its 1990 Beretta) , (NP (NP the two-door version) (PP of (NP its core compact-car line))))))))))) .)) (TOP (S (NP-SBJ (NP Sluggish sales) (PP of (NP (NP the Beretta) , and (NP (NP its four-door sister car) , (NP the Corsica) ,)))) (VP prompted (S (NP-SBJ GM) (VP to (VP idle (NP (NP the two plants) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP build (NP the automobiles))))) (PP-TMP for (NP (QP a total of three) weeks)) (NP-TMP this month))))) .)) (TOP (S (S (NP-SBJ The Corsica and Beretta) (VP make (PRT up) (NP (NP the highest-volume car line) (PP-LOC at (NP Chevrolet))))) , but (S (NP-SBJ (NP sales) (PP of (NP the vehicles))) (VP (VP are (ADVP-PRD off (NP 9.6 %)) (PP for (NP the year))) , and (VP fell (NP-EXT a steep 34 %) (PP-TMP during (NP early October))))) .)) (TOP (S (NP-SBJ Chevrolet) (ADVP-TMP already) (VP is (VP offering (NP (NP an (ADJP $ 800 *U*) rebate) (PP on (NP the 1990-model Corsica))))) .)) (TOP (S (NP-SBJ The latest rebate) (VP is (ADJP-PRD good (PP for (NP all Beretta models)))) .)) (TOP (S (NP-SBJ Chevrolet buyers) (VP can (VP (VP take (NP the rebate)) , or (VP get (NP (NP discount financing) (PP at (NP (NP rates) (VP ranging (PP-DIR (PP from (NP (NP 6.9 %) (PP on (NP 24-month loans)))) (PP to (NP (NP 10.9 %) (PP on (NP 60-month loans)))))))))))) .)) (TOP (S (NP-SBJ StatesWest Airlines) (VP said (SBAR 0 (S (NP-SBJ it) (VP submitted (NP an offer (S *ICH*-1)) (PP-CLR to (NP (NP the directors) (PP of (NP Mesa Airlines)))) (S-1 (NP-SBJ *) (VP to (VP acquire (NP the (NAC-LOC Farmington , N.M. ,) carrier)))))))) .)) (TOP (S (SBAR-ADV Except (S (NP-SBJ *-1) (VP to (VP characterize (NP its offer) (PP-CLR as `` (UCP (ADJP fair and generous) and (PP in (NP (NP the best interests) (PP of (NP Mesa shareholders)))))))))) , '' (NP-SBJ-1 StatesWest) (VP declined (S (NP-SBJ *-1) (VP to (VP discuss (NP (NP details) (PP of (NP its proposal))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP asked (S (NP-SBJ Mesa) (VP to (VP keep (S (NP-SBJ the proposal) (ADJP-PRD confidential)))))) .)) (TOP (S (NP-SBJ A Mesa official) (VP (VP confirmed (NP (NP receipt) (PP of (NP the offer)))) and (VP said (SBAR 0 (S (NP-SBJ-1 directors) (VP would (VP meet (S-PRP (NP-SBJ *-1) (VP to (VP consider (NP it)))))))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ Mesa) (VP rejected (NP (NP a proposal (S *ICH*-1)) (PP by (NP StatesWest)) (S-1 (NP-SBJ *) (VP to (VP (VP acquire (NP it)) or (VP merge)))))) .)) (TOP (S (NP-SBJ StatesWest) (VP has (NP (NP a (ADJP 7.25 %) stake) (PP-LOC in (NP (NP Mesa) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP operates (NP 20 twin-engine and two single-engine turboprops) (PP-LOC among (NP (NP 42 cities) (PP-LOC in (NP (NP New Mexico) , (NP Arizona) , (NP Wyoming) , (NP Colorado) and (NP Texas)))))))))))) .)) (TOP (S (NP-SBJ-1 StatesWest) (VP operates (NP four twin-engine turboprop aircraft) , (S-ADV (NP-SBJ *-1) (VP connecting (NP (NP 10 cities) (PP-LOC in (NP California , Arizona and Nevada)))))) .)) (TOP (S (NP-SBJ The carrier) (VP has n't (ADVP-TMP yet) (VP turned (NP-PRD a profit))) .)) (TOP (S (NP-SBJ-1 (NP The former president) (PP of (NP (NP FirstSouth F.A.) , (NP a defunct Arkansas thrift) ,))) (VP pleaded (ADJP-PRD guilty (PP to (S-NOM (NP-SBJ-2 *-1) (VP conspiring (S (NP-SBJ-3 *-2) (VP to (VP inflate (NP (NP the institution 's) earnings) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP concealing (NP worthless loan guarantees)))))))))))) .)) (TOP (S (NP-SBJ (NP Roderick D. Reed III) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (ADVP also) (NP-PRD (NP chief operating officer) (PP of (NP FirstSouth)))))) ,) (VP could (VP receive (NP (NP a maximum sentence) (PP of (NP (NP (NP five years) (PP-LOC in (NP federal prison))) and (NP a (ADJP $ 250,000 *U*) fine)))))) .)) (TOP (S (NP-SBJ-1 A sentencing date) (VP has n't (VP been (VP set (NP *-1)))) .)) (TOP (S (NP-SBJ Mr. Reed) (VP admitted (SBAR 0 (S (NP-SBJ-1 he) (VP conspired (S (NP-SBJ *-1) (VP to (VP conceal (NP an agreement (S (NP-SBJ *) not (VP to (VP enforce (NP (NP loan guarantees) (VP executed (NP *) (PP by (NP-LGS (NP Dallas real-estate developers A. Starke Taylor III and George S. Watson) , (SBAR (WHNP-2 (WHNP both) (WHPP of (WHNP whom))) (S (NP-SBJ *T*-2) (VP were (NP-PRD FirstSouth stockholders))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Neither (NP Mr. Taylor) nor (NP Mr. Watson)) (VP have (VP been (VP charged (NP *-1) (PP-CLR with (NP criminal wrongdoing))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *) (VP concealing (NP the non-enforcement agreement)))) , (NP-SBJ-1 (NP certain transactions) (PP with (NP Messrs. Taylor and Watson))) (VP were (VP entered (NP *-1) (PP-LOC-CLR on (NP (NP FirstSouth 's) books)) (PP-CLR as (NP loans)) , (S-ADV (NP-SBJ *) (VP allowing (S (NP-SBJ the thrift) (VP to (VP report (NP fees and interest) (PP-CLR as (NP current income))))))) , (PP according (PP to (NP (NP (NP the U.S. attorney 's) office) (PP-LOC in (NP (NP Little Rock) , (NP Ark)))))))) .)) (TOP (S (NP-SBJ The conspiracy) (VP was (NP-PRD (NP part) (PP of (NP (NP an effort (S *ICH*-1)) (PP by (NP Mr. Reed)) (S-1 (NP-SBJ *) (VP to (VP hide (NP (NP FirstSouth 's) shaky financial condition) (PP-CLR from (NP federal regulators)))))))) , (PP according (PP to (NP federal prosecutors and regulators)))) .)) (TOP (S (NP-SBJ-1 The (ADJP (QP $ 1.68 billion) *U*) thrift) (VP (VP was (VP declared (S (NP-SBJ *-1) (ADJP-PRD insolvent)))) and (VP closed (NP *-1)) (PP-TMP in (NP December 1986))) .)) (TOP (S (NP-SBJ-1 (NP (NP FirstSouth 's) former (NX (NX chairman) and (NX chief executive officer))) , (NP Howard Weichern) ,) (VP is (ADVP also) (VP charged (NP *-1) (PP-CLR with (S-NOM (NP-SBJ-2 *-1) (VP conspiring (S (NP-SBJ *-2) (VP to (VP conceal (NP (NP the agreements) (PP with (NP Messrs. Watson and Taylor))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Weichern) (VP is (VP scheduled (NP *-1) (PP-CLR for (NP (NP trial) (NP-TMP Jan. 3))) (PP-LOC before (NP (NP federal Judge Stephen Reasoner) (PP of (NP Little Rock)))))) .)) (TOP (S (NP-SBJ I) (VP approached (NP `` (NP-TTL Mastergate) , '' (NP (NP (NP Larry Gelbart 's) new comedy) (PP-LOC at (NP the Criterion Center))) ,) (PP with (NP considerable trepidation))) .)) (TOP (S-1 (NP-SBJ Nothing) (PRN , (S (NP-SBJ I) (VP assumed (SBAR 0 (S *T*-1)))) ,) (VP would (VP be (ADJP-PRD (ADJP (ADVP more hopelessly) dated) (PP than (NP (NP a political satire) (PP on (NP the Iran-Contra affair))))))) .)) (TOP (S (NP-SBJ I) (VP had (VP underestimated , (ADVP however) , (NP both (NP (NP Mr. Gelbart 's) wit) and (NP (NP the persistence) (PP of (NP scandal)) (PP-LOC in (NP Washington)))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ-1 the play) (ADVP clearly) (VP is (VP framed (NP *-1) (PP-CLR around (NP (NP the events) (PP of (NP Iran-Contra)))))))) , (NP-SBJ it) (VP takes (PRT in) (NP (NP the wide sweep) (PP of (NP (NP scandals) (PP-TMP over (NP the past 30 years)))))) .)) (TOP (S (PP In (NP fact)) , (PP-TMP at (NP one point)) (NP-SBJ-1 (NP (NP Merry Chase) (PRN -LRB- (NP Melinda Mullins) -RRB-)) , (NP a cool , (ADJP carefully coiffed) television announcer) ,) (VP recites (NP (NP a list) (PP of (NP (NP (QP a dozen or more) scandals) (PP of (NP recent years))))) , (S-ADV (NP-SBJ *-1) (VP concluding (PP-CLR with (NP (NP those) (VP affecting (NP (NP (NP the Department) (PP of (NP Housing and Urban Development))) and (NP the savings and loan industry)))))))) .)) (TOP (S (ADVP-LOC Onstage) , (NP-SBJ (NP a congressional hearing) (ADJP *ICH*-1)) (VP is (PP-PRD in (NP progress)) , (ADJP-1 complete (PP with (NP (NP (NP elegant crystal chandelier) (ADVP-LOC overhead)) and (NP (NP a lifesize reproduction) (PP of (NP (NP the signing) (PP of (NP the Constitution)))) (PP-LOC in (NP the background))))))) .)) (TOP (S (S (NP-SBJ-2 The witness table) (VP is (NP-LOC-PRD-1 center stage))) and (S (PP-LOC-PRD=1 below (NP it)) , (NP-SBJ=2 (NP the paraphernalia) (PP for (NP (NP the ever-present media) , (PP-LOC in (NP this case)) (NP (NP TNN) , (NP the Total News Network)))))) .)) (TOP (S (CONJP Not only) (SINV (VP are (NP-PRD *ICH*-2)) (NP-SBJ there) (NP-PRD-2 camera operators) (PP-LOC on (NP all sides))) , but (S (NP-SBJ-1 the proceedings) (VP are (VP shown (NP *-1) (PP-LOC on (NP (NP monitors) (PP-LOC throughout (NP the theater))))))) .)) (TOP (S (NP-SBJ (NP The metaphor) (PP of (NP theater))) (VP is not (ADJP-PRD entirely coincidental)) .)) (TOP (S (NP-SBJ Mr. Gelbart) (ADVP clearly) (VP feels (SBAR that (S (NP-SBJ (NP (NP all the participants) (PP-LOC in (NP a congressional hearing))) -- (NP (NP the witnesses) , (NP the lawyers) , (NP the interrogators) and (NP the news media)) --) (VP are (NP-PRD performers))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ (NP the story) (PP of `` (NP-TTL Mastergate) '')) (VP unfolds))) , (NP-SBJ we) (VP learn (SBAR that (S (NP-SBJ the Internal Revenue Service) (VP confiscated (NP (NP one) (PP of (NP (NP the properties) (PP of (NP (NP a foreign financier) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP owes (NP the government) (NP (NP millions) (PP in (NP taxes))))))))))))))) .)) (TOP (S-1 (NP-SBJ The man) (PRN , (S (NP-SBJ it) (VP seems (SBAR 0 (S *T*-1)))) ,) (VP has (NP (NP a Lichtenstein corporation) , (VP (VP licensed (NP *) (PP-LOC in (NP Libya))) and (VP sheltered (NP *) (PP-LOC in (NP the Bahamas)))))) .)) (TOP (S (NP-SBJ (NP He) (NP himself)) (VP lives (PP-LOC-CLR in (NP (NP a `` consecutive series) (PP of (NP unnumbered houses)) (PP-LOC in (NP (NP a town) (PP-LOC in (NP Switzerland))))))) . '')) (TOP (S (NP-SBJ (NP The property) (VP seized (NP *) (PP by (NP-LGS the IRS)))) (VP is (NP-PRD (NP a Hollywood film studio) , (NP (NP Master Pictures Incorporated) (PRN -LRB- (NP MPI) -RRB-)))) .)) (TOP (S (S (ADVP Supposedly) (NP-SBJ the IRS) (VP will (VP sell (PRT off) (NP (NP the assets) (PP of (NP MPI)))))) , but (S (SBAR-TMP before (S (NP-SBJ it) (VP can (VP *?*)))) , (NP-SBJ-1 a lowly IRS agent) (VP is (VP called (NP *-1) (PP-DIR into (NP (NP the hospital room) (PP of (NP (NP Wylie Slaughter) , (NP (NP the dying head) (PP of (NP the Central Intelligence Agency)))))))))) .)) (TOP (S (NP-SBJ-3 (NP The lowly agent) , (NP Abel Lamb) , (SBAR (WHNP-2 who) (S (SBAR-ADV as (S (NP-SBJ you) (VP might (VP guess (SBAR 0 (S *?*)))))) , (NP-SBJ-1 *T*-2) (VP is (VP being (VP led (NP *-1) (PP-DIR to (NP the slaughter))))) ,))) (VP is (VP ordered (NP-4 *-3) (S (NP-SBJ *-4) (VP to (VP take (PRT over) (NP the studio)))))) .)) (TOP (S (ADVP-TMP Soon) (NP-SBJ the studio) (VP is (VP producing (NP (NP a (ADJP (QP $ 40 million) *U*) picture) (VP called (S (NP-SBJ *) `` (NP-TTL-PRD (NP Tet) , (NP the Motion Picture))) , '' (S-PRP (NP-SBJ *) (VP to (VP distinguish (NP it) (PP-CLR from (NP `` (NP-TTL (NP Tet) , (NP the Offensive)) , '' (CONJP as well as) (NP `` (NP-TTL (NP Tet) , (NP the Book)) '' and `` (NP-TTL (NP Tet) , (NP the Album)))))))))))) . '')) (TOP (S (NP-SBJ (NP The picture) , (SBAR (WHNP-4 0) (S (NP-SBJ-1 *T*-4) (VP to (VP be (VP made (NP *-1) (PP-LOC in (NP (NP the (ADJP Central American) country) (PP of (NP San Elvador))))))))) ,) (VP is (NP-PRD (NP a cover) (PP for (S-NOM (NP-SBJ *) (VP sending (NP (NP (QP $ 800 million) *U*) (PP of (NP arms))) (PP-DIR to (NP (NP Los Otros) , (NP (NP the rebel group) (VP attempting (S (NP-SBJ *) (VP to (VP regain (NP (NP neighboring Ambigua) , (SBAR (WHNP-2 which) (S (NP-SBJ-5 *T*-2) (VP has (VP been (VP taken (NP *-5) (PRT over) (PP by (NP-LGS (NP the leftist dictator Dr. Overtega) , (NP (NP a former podiatrist) , (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP leads (NP (NP a revolutionary band) (PP of (NP foot soldiers))))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The man) (VP handling (NP all this) (PP-PRP for (NP the now-deceased Slaughter)))) (VP is (NP-PRD (NP Major Manley Battle) , (NP (NP (NP Mr. Gelbart 's) stand in) (PP for (NP Col. Oliver North))))) .)) (TOP (S (NP-SBJ Director Michael Engler) (VP has (VP assembled (NP (NP a top-flight cast) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP (VP to (VP carry (PRT out) (NP (NP the impersonations) (PP of (NP well-known political figures))))) and (VP to (VP play (NP (NP the stock characters) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP invariably) (VP show (PRT up) (PP-LOC at (NP congressional hearings)))))))))))))) .)) (TOP (S (S (NP-SBJ-2 Daniel von Bargen) (VP is (ADJP-PRD (ADJP ramrod-stiff) but (ADJP totally assured)) (PP as (NP Major Battle)) , (S-ADV (NP-SBJ *-2) (VP mixing (NP (NP just the right brand) (PP of (NP self-righteousness and patriotism))))))) ; (S (NP-SBJ Jeff Weiss) (VP is (NP-PRD (NP fire) , (NP brimstone) and (NP teary-eyed emotionalism)) (PP as (NP (NP the far-right senator) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP serves (PP-CLR as (NP (NP a friendly interrogator) (PP of (NP Major Battle))))))))))) ; (S (NP-SBJ-3 Zach Grenier) (VP is (ADJP-PRD maddeningly officious) (S-ADV (NP-SBJ *-3) (VP playing (NP (NP a succession) (PP of (NP lawyers))))))) ; (S (NP-SBJ Joseph Daly) (VP has (NP (NP the perfect `` (INTJ aw , shucks) '' demeanor) (PP of (NP George Bush))) (PP-LOC in (NP (NP his portrayal) (PP of (NP the vice president)))))) ; and (S (NP-SBJ Ann McDonough) (VP is (ADJP-PRD first-rate) (PP as (NP (NP a succession) (PP of (NP (NP witnesses ') wives)))))) .)) (TOP (S (S (PP With (NP one)) (NP-SBJ she) (VP is (ADJP-PRD pregnant))) , (S (PP with (NP Major Battle)) (NP-SBJ she) (VP is (VP knitting (NP an American flag)))) , and (S (PP as (NP (NP the vice president 's) wife)) (NP-SBJ-1 she) (VP rushes (ADVP-DIR in) (PP with (NP white hair)) , (S-ADV (NP-SBJ *-1) (VP wearing (NP (NP a tailored suit) and (NP pearls)))) , (S-ADV (NP-SBJ *-1) (VP imitating (NP (NP Barbara Bush 's) gestures) (PP-MNR down (PP to (NP the last detail))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD clear) (SBAR-1 that (S (NP-SBJ (NP Mr. Gelbart 's) sympathies) (VP do not (VP lie (PP-CLR with (NP the far right))))))))) , (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP 's (ADVP also) (ADJP-PRD true) (SBAR-2 that (S (NP-SBJ-3 he) (VP is (ADJP-PRD evenhanded) (PP in (S-NOM (NP-SBJ *-3) (VP dispensing (NP his satirical jabs)))) , (S-ADV (NP-SBJ *-3) (VP taking (NP sharp aim) (PP-CLR (PP at (NP (NP senators and congressmen) (PP of (NP all stripes)))) and (PP (ADVP particularly) at (NP the media))))))))) .)) (TOP (S (NP-SBJ Mr. Gelbart) (ADVP also) (VP has (NP fun) (PP with (NP language))) .)) (TOP (S (S `` (NP-TTL-SBJ-1 Mastergate) '' (VP is (VP subtitled (S (NP-SBJ *-1) `` (NP-PRD (NP a play) (PP on (NP words))))))) , '' and (S (NP-SBJ Mr. Gelbart) (VP plays (NP that game) (ADVP-MNR (ADVP as well) (PP as (NP anyone))))) .)) (TOP (S (NP-SBJ He) (VP describes (NP a Mastergate flunky) (PP-CLR as (NP (NP one) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP experienced (NP a `` meteoric disappearance '')) and (VP found (S (NP-SBJ himself) `` (VP handling (NP blanket appeals) (PP-LOC at (NP (NP the Bureau) (PP of (NP Indian Affairs))))))))))))) . '')) (TOP (S (NP-SBJ (NP This interest) (PP in (NP words))) (VP goes (PP-DIR beyond (NP puns and playfulness)) , (ADVP however)) .)) (TOP (S (NP-SBJ Mr. Gelbart) (VP deplores (NP (NP (NP the obfuscation) , (NP the circumlocution) and (NP the debasement)) (PP of (NP language)) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP sees (NP *T*-1) (PP-LOC on (NP all sides))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ the hearings) (VP begin))) , (NP-SBJ (NP the self-important Sen. Bowman) (PRN -LRB- (NP Jerome Kilty) -RRB-)) (VP announces : `` (S (S (NP-SBJ *) (VP Let (S (NP-SBJ me) (VP emphaticize (NP one thing) (PP-TMP at (NP the outset)))))) : (S (NP-SBJ We) (VP are not (VP looking (PP-CLR for (NP (NP (NP hides) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (NP skin (NP *T*-1)))))) nor (NP (NP goats) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP scape (NP *T*-2))))))))))))) . '')) (TOP (S (S (NP-SBJ (NP Major Battle) (NP himself)) (VP speaks (PP-CLR in (NP pure Pentagonese)))) : `` (S (PP Without (NP further monetary-stroke-military aid)) , (NP-SBJ-2 (NP scores) (PP of (NP (NP Ambiguan freedom lovers) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP gone (PP-DIR (ADVP way) out (PP on (NP their life and limbs))) (PP-PRP for (NP us)))))) ,))) (VP were (VP (ADVP-MNR literally) cut (NP *-2) (PRT off) (PP-LOC at (NP the knees)) (PP without (NP a paddle))))) . '')) (TOP (S (PP-TMP At (NP another point)) (NP-SBJ he) (VP intones : `` (S (NP-SBJ Publicity) (VP is (NP-PRD (NP a small price) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP pay (NP *T*-1) (PP-CLR for (NP secrecy)))))))))) . '')) (TOP (S (S (NP-SBJ The evening) (VP is (ADJP-PRD (ADJP short) (PRN -- (NP (NP 95 minutes) (PP without (NP an intermission))) --)))) but (ADVP even so) , (S (SBAR-TMP as (S (NP-SBJ the play) (VP progresses))) (NP-SBJ (NP the thrust) (PP of (NP (NP Mr. Gelbart 's) satire))) (VP loses (NP its sharpness) (SBAR-TMP as (S (NP-SBJ his targets) (VP pop (PRT up) (ADVP-MNR ever more predictably)))))) .)) (TOP (S (NP-SBJ-1 (NP Most) (PP of (NP the evening))) , (ADVP though) , (VP is (VP filled (NP *-1) (PP-CLR with (NP (ADJP rare and welcome) wit)))) .)) (TOP (S (PP-LOC In `` (NP-TTL Mastergate)) , '' (NP-SBJ Mr. Gelbart) (VP has (VP provided (NP us) (NP (NP (NP (QP not just one but two) commodities) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP (ADVP all but) disappeared (PP-DIR from (NP the Broadway theater))))))) : (NP (NP sharp political satire) and (NP (NP an (ADJP even sharper) appreciation) (PP of (NP (NP the value) (PP of (NP language))))))))) .)) (TOP (S (NP-SBJ The Federal National Mortgage Association) (VP (VP set (PRT up) (NP (NP a three-member office) (PP of (NP the chairman)))) and (VP elected (NP James A. Johnson) (PP-CLR as (NP vice chairman)) , (S-ADV (NP-SBJ *) (ADJP-PRD effective (NP-TMP Jan. 1))))) .)) (TOP (S (NP-SBJ Mr. Johnson) (VP (VP has (VP been (NP-PRD (NP a managing director) (PP-LOC at (NP Shearson Lehman Hutton))) (PP-TMP since (NP 1985)))) , and (VP (PP-TMP before (NP that)) was (NP-PRD (NP president) (PP of (NP (NP Public Strategies) , (NP a Washington consulting firm)))))) .)) (TOP (S (NP-SBJ-1 He) (VP is (ADJP-PRD well-known) (PP-LOC in (NP Democratic circles)) , (S-ADV (NP-SBJ *-1) (VP having (VP been (NP-PRD (NP (NP executive assistant) (PP to (NP Vice President Walter Mondale))) and (NP (NP chairman) (PP of (NP (NP Mr. Mondale 's) 1984 presidential campaign)))))))) .)) (TOP (S (PP-LOC At (NP Fannie Mae)) , (NP-SBJ he) (VP (VP will (VP take (NP responsibility) (PP-CLR for (NP (NP the corporation 's) (ADJP financial and legal) areas)))) and (VP will (VP work (PP with (NP (NP (NP David Maxwell) , (NP (NP chairman) and (NP chief executive officer)) ,) and (NP (NP Roger Birk) , (NP (NP president) and (NP chief operating officer)) ,))) (PP-CLR on (NP strategic planning))))) .)) (TOP (S (NP-SBJ (NP Mr. Johnson) , (ADJP (NP 45 years) old) ,) (VP has (VP been (NP-PRD (NP a consultant) (PP on (NP strategy)) (PP to (NP Fannie Mae))) (PP-TMP for (NP the past (QP 3 1) years)))) .)) (TOP (S (PP-LOC In (NP an interview)) , (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ Fannie Mae) (VP faces (NP (NP a number) (PP of (NP challenges))) (PP with (NP (NP (NP the restructuring) (PP of (NP the thrift industry))) and (NP the push (S (NP-SBJ *) (VP to (VP broaden (NP its activities overseas))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ There) (VP 's (NP-PRD (NP no shortage) (PP of (NP (NP major things) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1)))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ Fannie Mae) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 (NP James A. Aliber) , (NP (NP (NP chairman) (PP of (NP (NP First Federal) (PP of (NP Michigan))))) and (NP (NP a director) (PP-TMP since (NP 1985)))) ,) (VP moved (PRT up) (NP (NP the date) (PP of (NP (NP his retirement) (PP from (NP the board))))) (S-PRP (NP-SBJ *-1) (VP to (VP accommodate (NP (NP (NP Mr. Johnson 's) election) (PP as (NP a director)))))))))) .)) (TOP (S (NP-SBJ The board) (VP has (NP (NP (NP 13 members) (VP elected (NP *) (PP by (NP-LGS holders)))) and (NP five presidential appointees))) .)) (TOP (S (NP-SBJ-1 (NP Fannie Mae) , (NP a (ADJP federally chartered) , shareholder-owned corporation) ,) (VP operates (NP (NP a secondary market) (PP for (NP mortgage loans))) , (S-ADV (NP-SBJ *-1) (VP (VP buying (NP loans) (PP-CLR from (NP lenders))) , (VP packaging (NP some) (PP-CLR into (NP securities)) (PP-PRP for (NP (NP sale) (PP to (NP investors))))) and (VP keeping (NP the rest) (PP-LOC-CLR in (NP its portfolio)))))) .)) (TOP (S (NP-SBJ `` (NP-TTL The New Crowd) '' (PP by (NP (NP Judith Ramsey Ehrlich) and (NP Barry J. Rehfeld))) (PRN -LRB- (NP Little , Brown) , (NP 444 pages) , (NP $ 19.95 *U*) -RRB-) ,) (VP describes (NP (NP the displacing) (PP of (NP the old `` our crowd '' Jewish Wall Street banking grandees)) (PP by (NP (NP such new business barons) (PP as (NP (NP Saul Steinberg) , (NP Carl Icahn) , (NP Sanford Weill) and (NP Bruce Wasserstein))))))) .)) (TOP (S (NP-SBJ Its many lively stories) (VP include (NP the Gutfreund-Postel holiday cheer imbroglio)) .)) (TOP (S (NP-SBJ These two New Crowd families) (VP lived (PP-LOC-CLR in (NP the same apartment building)) , (SBAR-ADV with (S (NP-SBJ the Postel penthouse) (VP perched (NP *) (PP-LOC-CLR on (NP (NP top) (PP of (NP the Gutfreund duplex)))))))) .)) (TOP (S (S (NP-SBJ The penthouse elevator) (VP started (ADVP-DIR up) (PP-DIR from (NP the Gutfreund landing)))) , and (S (NP-SBJ-1 Susan Gutfreund) (VP used (S (NP-SBJ *-1) (VP to (VP turn (PRT off) (NP-PRD its light) , (S-PRP (NP-SBJ *-1) (VP to (VP give (NP the impression (SBAR that (S (NP-SBJ there) (VP was (NP-PRD no higher floor))))))))))))) .)) (TOP (S (ADVP-TMP Eventually) , (NP-SBJ Mr. Postel) (VP broke (NP his toe) (PP-LOC in (NP the dark))) .)) (TOP (S Then (NP-SBJ-1 the Gutfreunds) (VP determined (S (NP-SBJ-2 *-1) (VP to (VP put (PRT up) (NP (NP a 22-foot Christmas tree) , (VP weighing (NP (NP a quarter) (PP of (NP a ton)))) ,) (S-PRP (NP-SBJ *-2) (VP to (VP amaze (NP their holiday guests)))))))) .)) (TOP (S (PP-PRP For (NP this)) , (NP-SBJ-2 a crane) (VP needed (S (NP-SBJ-1 *-2) (VP to (VP be (VP mounted (NP *-1) (PP-LOC-CLR on (NP (NP the Postels ') terrace))))))) .)) (TOP (S (NP-SBJ The Postels) (VP did not (VP give (NP permission))) .)) (TOP (S But (NP-SBJ-2 the Gutfreund workers) (VP went (ADVP-CLR ahead) (ADVP anyway) , (S-ADV (NP-SBJ-3 *-2) (ADVP only) (VP to (VP be (VP captured (NP *-3) `` (ADVP-MNR in flagrante) '' (PP by (NP-LGS (NP Joan Postel) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP called (NP the police))))))))))) .)) (TOP (S (SBAR-TMP Before (S (NP-SBJ the Gutfreunds) (ADVP-TMP finally) (VP left (NP this unfriendly environment) (PP-CLR for (NP (NP (NP a prodigious duplex) (PP-LOC on (NP Fifth Avenue))) and (NP (NP an 18th-century mansion) (PP with (NP a (ADJP specially excavated) (ADJP (QP $ 1 million) *U*) garage)) (PP-LOC in (NP Paris)))))))) , (NP-SBJ the Postels) (VP had (VP obtained (NP (NP an injunction) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP prevent (NP (NP any future hoisting) (PP of (NP trees))))))))) , and (VP (PP in (NP a neighborly spirit)) hit (NP both (NP the Gutfreunds) and (NP the building)) (PP-CLR with (NP a (ADJP (QP $ 35 million) *U*) lawsuit)))) .)) (TOP (S-1 (NP-SBJ Nothing less) (PRN , (S (NP-SBJ it) (VP seemed (SBAR 0 (S *T*-1)))) ,) (VP could (VP console (NP them) (PP for (NP their traumas)))) .)) (TOP (SBARQ (WHNP-1 Where) (SQ had (NP-SBJ all the money) (VP come (PP-DIR from (NP *T*-1)))) ?)) (TOP (S (NP-SBJ-2 The young John Gutfreund) (VP had (VP been (VP (VP discovered (NP *-2) (PP by (NP-LGS (NP Billy Salomon) (PP of (NP Salomon Bros.)))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP was (ADVP-TMP still) (NP-PRD a bearded liberal) (ADVP-TMP *T*-1))))) , and (VP put (S (NP-SBJ *-2) (VP to (VP work (PP-CLR (PP as (NP a trader)) , and then (PP as (NP a rough-and-tumble syndicator)))))))))) .)) (TOP (S `` (S-TPC-1 ` (S-TPC-2 (NP-SBJ *) (VP Get (PP-CLR off (NP your))) ...) , ' (NP-SBJ he) (VP would (VP bellow (S *T*-2)))) , '' (VP say (S *T*-1)) (NP-SBJ the authors) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Rising (PP-LOC in (NP the firm)))) , (NP-SBJ-1 he) (VP became (ADJP-PRD powerful and bland) , (SBAR-ADV though (S (NP-SBJ (NP his new wife) , (NP Susan) ,) (VP made (S (NP-SBJ him) (VP shine (PP-LOC in (NP the gossip columns)) (PP with (NP (NP her profligate spending habits) and (NP flamboyant frocks))))))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ he) (VP had (VP been (NP-PRD (NP head) (PP of (NP the company))) (PP-TMP for (NP 3 1 years)))))) , (NP-SBJ (NP he) and (NP his partners)) (VP sold (NP it) (PP-DTV to (NP (NP Phibro) , (NP a powerful commodity trading outfit) ,)) (PP-CLR for (NP (NP (QP $ 550 million) *U*) (PP in (NP Phibro stock))))) .)) (TOP (S (NP-SBJ-3 (NP Limited partner Billy Salomon) , (SBAR (SBAR (WHNP-1 whose family name) (S (NP-SBJ *T*-1) (VP had (VP been (PP-LOC-PRD on (NP (NP the firm 's) door)) (PP-TMP for (NP 70 years)))))) and (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP had (VP hoped (SBAR 0 (S (NP-SBJ it) (VP would (VP be (ADVP-LOC-PRD there) (ADVP-TMP forever)))))))))) ,) (VP was not (VP consulted (NP *-3))) .)) (TOP (S (NP-SBJ Mr. Gutfreund) (VP collected (NP (QP $ 32 million) *U*) , (SBAR-ADV while (S (NP-SBJ Billy Salomon) (VP got (NP (NP (QP $ 10 million) *U*) , (ADJP (ADJP much less) (PP than (SBAR if (S (NP-SBJ he) (VP had (VP conducted (NP the sale)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP felt (ADJP-PRD betrayed))) , '' (NP-SBJ he) (ADVP-TMP later) (VP said (S *T*-1)) .)) (TOP (S (ADVP Worse) , (NP-SBJ (NP Salomon 's) timing) (VP had (VP been (ADVP-PRD off))) .)) (TOP (S (S (NP-SBJ Its profits) , (PP unlike (NP Phibro 's)) , (VP soared (PP-TMP over (NP the next two years)))) , and (S (SBAR-ADV (SINV had (NP-SBJ it) (VP held (PRT out)))) , (NP-SBJ Salomon) (VP could (VP have (VP gotten (NP an (ADJP even bigger) bundle))))) .)) (TOP (S (NP-SBJ The book) (ADVP also) (VP recounts (NP (NP the (ADJP not dissimilar) maneuvers) (VP surrounding (NP (NP the changing) (PP of (NP the guard)) (PP-LOC at (NP (NP Lehman Bros.) and (NP other grand old firms))))))) .)) (TOP (S (S (ADVP-TMP Often) (NP-SBJ-1 the (ADJP genteel , conservative , long-term-oriented) investment bankers) (VP were (VP displaced (NP *-1) (PP by (NP-LGS crude traders))))) : (S `` (S-TPC-4 (SBAR (WHADVP-3 When) (S (NP-SBJ-2 *) (VP angered (NP *-2) (ADVP-TMP *T*-3)))) , (NP-SBJ he) (VP cursed (ADVP-MNR (ADVP so forcefully) (SBAR that (S (S (NP-SBJ his face) (VP reddened)) and (S (NP-SBJ his pale-blue eyes) (VP narrowed (PP-CLR into (NP tiny slits))))))))) , '' (NP-SBJ the authors) (VP say (S *T*-4) (PP-CLR of (NP (NP Lehman 's) Lewis Glucksman)))) .)) (TOP (S (NP-SBJ (NP (NP The earlier generation) (PP of (NP `` our crowd '' bankers))) -- (NP Belmonts , Warburgs , Lehmans , Baches and Schiffs) --) (VP had (VP stressed (PP above (NP all)) (NP probity , tradition , continuity and reputation))) .)) (TOP (S (NP-SBJ They) (VP were (NP-PRD (NP old-fashioned elegant gentlemen) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP happened (S (NP-SBJ *-2) (VP to (VP be (PP-PRD of (NP German Jewish extraction)))))))))) .)) (TOP (S But (PP-LOC in (NP (NP the harsh world) (PP of (NP (NP today 's) Wall Street)))) (NP-SBJ they) (VP have (VP lost (PRT out) (PP-CLR to (NP (ADJP (ADJP more aggressive) and (ADJP sometimes less scrupulous)) successors)))) .)) (TOP (S (NP-SBJ The cuckoo) (VP (VP prefers (NP (NP the nests) (PP of (NP other birds)))) and (VP heaves (PRT out) (NP their eggs))) .)) (TOP (S (S But (NP-SBJ the old guard) (VP hired (NP the New Crowd people))) : (S (NP-SBJ It) (VP brought (ADVP-DIR in) (NP its own cuckoos))) .)) (TOP (S So , (SBAR-TMP as (S (NP-SBJ the Old Crowd) (VP toppled (PP-DIR from (NP the branch))))) , (NP-SBJ it) (VP should n't (VP have (VP been (ADJP-PRD too surprised)))) .)) (TOP (S (NP-SBJ The old guard) (VP had (NP every right (S *ICH*-1)) , (ADVP however) , (S-1 (NP-SBJ *) (VP to (VP disdain (NP (NP (NP the newcomers ') new ways) (PP of (S-NOM (NP-SBJ *) (VP making (NP money)))) , (PP such as (NP greenmail))))))) .)) (TOP (PRN -LRB- (S (NP-SBJ-1 (NP A Fortune article) (PP on (NP Saul Steinberg))) (VP was (VP entitled (S (NP-SBJ *-1) , `` (NP-TTL-PRD (NP Fear and Loathing) (PP-LOC in (NP the Corporate Boardrooms)))))) . '') -RRB-)) (TOP (S (NP-SBJ Their other staple) (VP has (VP been (NP-PRD (NP corporate takeovers) , (UCP (ADJP often hostile) and (VP financed (NP *) (PP by (NP-LGS junk bonds))))))) .)) (TOP (S (NP-SBJ Hostile takeovers) (VP are (NP-PRD quite a new phenomenon)) .)) (TOP (S (S (ADVP-TMP Sometimes) (NP-SBJ they) (VP are (ADJP-PRD constructive))) , but (FRAG (ADVP-TMP often) not) .)) (TOP (S (ADVP First) , (PP-MNR by (S-NOM (NP-SBJ *-1) (VP making (S (NP-SBJ management) (VP focus (PP-CLR on (NP short-term results))))))) , (NP-SBJ-1 they) (VP inhibit (S (NP-SBJ *) (VP building (PP-PRP for (NP the future)))) -- (NP-ADV (NP just the opposite) (PP of (NP Japan)))) .)) (TOP (S (ADVP Second) , (S (NP-SBJ (NP a long-term shareholder) (PP of (NP a good company))) (VP need n't (VP worry (ADVP too much) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the stock price) (VP drops (ADVP-TMP temporarily) (ADVP-TMP *T*-1))))))) : (S (NP-SBJ It) (VP will (VP bounce (ADVP-DIR back)))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ a raider) (VP takes (PRT over) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the stock) (VP is (ADJP-PRD weak) (ADVP-TMP *T*-1))))))) , (NP-SBJ the shareholder) (ADVP-TMP never) (VP gets (NP his recovery)) .)) (TOP (S (NP-SBJ The raiders) , (ADVP-TMP meanwhile) , (VP have (VP evolved (NP (NP their own pattern) (PP for (S-NOM (NP-SBJ *) (VP spending (NP their new millions))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 *) (VP described (NP *-1) (PP-LOC in `` (NP-TTL The New Crowd))))) , '' (NP-SBJ they) (VP (VP take (PRT on) (NP ambitious new wives)) , (VP move (PP-DIR to (NP (NP (NP Greenwich) , (NP Conn.) ,) or (NP (NP Bedford) , (NP N.Y.))))) , (VP buy (NP OK pictures)) , and (VP let (S (NP-SBJ their wives) (VP share (NP the wealth) (PP with (NP decorators)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Having (VP donated (ADVP-MNR heavily) (PP-CLR to (NP museums))))) , (NP-SBJ-1 they) (VP demand (NP (NP a place) (PP-LOC on (NP their boards)))) .)) (TOP (S (NP-SBJ The book) (VP is (ADJP-PRD patronizing (PP about (NP (NP this (ADJP nouveau riche) struggle) (PP for (NP respectability)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP its tawdry aspects)))))))) .)) (TOP (S (ADVP However) , (PP on (NP balance)) , (NP-SBJ the charity game) (VP helps (NP America)) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (NP the money))))) (VP do n't (VP get (ADJP-PRD involved (PP with (NP (NP the museums) and (NP the charities)))))))) , (ADVP then) (NP-SBJ City Hall) (VP will (VP do (NP it) , (ADVP-MNR badly))) .)) (TOP (S (NP-SBJ-1 (NP It) (SBAR *EXP*-2)) (VP has (VP been (VP (ADVP-MNR rightly) observed (NP *-1) (SBAR-2 that (S (NP-SBJ (NP the main thing) (ADJP wrong (PP with (NP tainted money)))) (VP is , (SBAR-PRD 0 (S (NP-SBJ t') (VP ai nt (NP-PRD (NP enough) (PP of (NP it)))))))))))) .)) (TOP (S (NP-SBJ-2 (NP A handful) (PP of (NP the New Crowd operators))) (VP (VP have (VP crossed (NP (NP the line) (PP from (NP the immoral)) (PP to (NP the illegal))))) , and (VP have (VP ended (PRT up) (UCP (PP-LOC in (NP the slammer)) or (S (NP-SBJ *-2) (VP paying (NP huge fines))))))) :)) (TOP (NP (NP Ivan Boesky) , (NP Dennis Levine) , (NP Martin Siegel) , (NP Victor and Steven Posner) , and now (NP Michael Milken) and perhaps (NP Leona Helmsley) .)) (TOP (S (NP-SBJ (NP The glitzy office) (SBAR (WHNP-1 that) (S (NP-SBJ Ivan Boesky) (VP vacated (NP *T*-1) (PP-PRP for (NP a prison cell)))))) (VP had (ADVP-TMP previously) (VP contained (NP (NP commodity operators Marc Rich and `` Pinky '' Green) , (NP-ADV today) (NP (NP fugitives) (PP from (NP (NP a potential century) (ADVP apiece) (PP of (NP jail sentences)))))))) .)) (TOP (S (NP-SBJ The Old Crowd) (VP is (ADJP-PRD deeply concerned (PP by (NP (NP the backlash) (PP from (NP all this)))))) .)) (TOP (S (ADVP However) , (NP-SBJ the phenomenon) (VP is (ADJP-PRD not specifically Jewish)) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP has (ADVP-TMP always) (VP been (ADJP-PRD true) (SBAR-2 (SBAR that (S (NP-SBJ-1 (NP those) (PP-LOC outside (NP the club))) (VP want (S (NP-SBJ *-1) (VP to (VP climb (ADVP-DIR in))))))) , and (SBAR that (S (NP-SBJ a few) (VP will (VP cut (NP corners) (PP-LOC in (NP the process))))))))) .)) (TOP (S (NP-SBJ Some (ADJP pretty seamy) stuff) (VP (VP built (NP (NP the turn-of-the-century families ') Fifth Avenue and Newport palazzi)) and (VP endowed (NP (NP (NP their daughters ') weddings) (PP to (NP foreign noblemen))))) .)) (TOP (S (S (NP-SBJ Mr. Boesky) (VP was (NP-PRD a piker) (PP compared (PP to (NP (NP Jay Gould) and (NP Jim Fiske)))))) , and (S (NP-SBJ-1 Commodore Vanderbilt) (VP thought (NP-CLR nothing) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP bribing (NP judges and legislators)))))) .)) (TOP (SBARQ So (WHNP-1 who) (SQ (NP-SBJ *T*-1) (VP knows)) ?)) (TOP (S (PP-TMP In (NP a generation (QP or two))) (NP-SBJ-1 (NP some) (PP of (NP the New Crowd))) (VP may (VP attain (NP true respectability) , (S-PRP (NP-SBJ-2 *-1) (ADVP perhaps) (VP to (VP be (VP displaced (NP *-2) (PP-TMP in (NP turn)) (PP by (NP-LGS (NP a later flock) (PP of (NP unscrupulous raptors)))))))))) .)) (TOP (S Or (ADVP perhaps) (NP-SBJ Wall Street) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP has (VP suffered (ADVP enough) (ADVP-TMP *T*-1))))) , (VP will (VP (VP realize (SBAR that (S (NP-SBJ finance) (VP is (NP-PRD a service industry))))) , and (VP change (NP its ethos)))) .)) (TOP (S (NP-SBJ Mr. Train) (VP is (NP-PRD (NP president) (PP of (NP (NP Train , Smith Investment Counsel) , (NP-LOC New York))))) .)) (TOP (S (NP-SBJ Dallas investor Harold C. Simmons) (VP said (SBAR 0 (S (NP-SBJ he) (VP raised (NP (NP his stake) (PP-LOC in (NP Lockheed Corp.))) (PP-DIR to (NP 10.62 %)) (PP-DIR from (NP (NP 10.43 %) (PP of (NP (NP the aerospace and electronics concern 's) common shares)))))))) .)) (TOP (S (PP-LOC In (NP a Securities and Exchange Commission filing)) , (NP-SBJ Mr. Simmons) (VP said (SBAR 0 (S (NP-SBJ (NP he) and (NP (NP companies) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP controls (NP *T*-1)))) , (NP (NP NL Industries Inc.) and (NP NL Chemicals Inc.)) ,)) (VP hold (NP (NP 6,744,600 shares) (PP of (NP (NP Lockheed) , (PP of (NP (NP Calabasas) , (NP Calif)))))))))) .)) (TOP (S (NP-SBJ They) (VP include (NP (NP 122,700 shares) (VP bought (NP *) (NP-TMP Friday) (PP-CLR for (NP (NP (QP between $ 47.125 and $ 48) *U*) (ADVP each)))))) .)) (TOP (S (PP-CLR In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ Lockheed) (VP closed (PP-CLR at (NP (NP $ 46.125 *U*) (NP-ADV a share))) , (ADVP down (NP 12.5 cents))) .)) (TOP (S (NP-TMP Earlier this week) , (NP-SBJ Mr. Simmons) (VP objected (PP-CLR to (NP (NP published reports) (VP quoting (NP-1 him) (PP-CLR as (S-NOM (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ-2 he) (VP planned (S (NP-SBJ *-2) (VP to (VP sell (NP his Lockheed stake) (SBAR-PRP because `` (S (NP-SBJ-3 the defense industry) (VP seems (S (NP-SBJ *-3) (VP to (VP be (VP getting (ADJP-PRD more uncertain))))))))))))))))))))) . '')) (TOP (S (NP-SBJ (NP Valhi Inc.) , (NP (NP another) (PP of (NP (NP Mr. Simmons ') companies))) ,) (VP responded (PP-CLR to (NP (NP an article) (NP-TMP Monday) (PP-LOC in (NP The Wall Street Journal)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP credited (NP (NP a story) (PP-LOC in (NP the Sunday Los Angeles Daily News))))))))) .)) (TOP (S (NP-SBJ Valhi) (VP said (SBAR 0 (S (NP-SBJ the articles) (VP did n't (VP (ADVP-MNR accurately) reflect (NP (NP Valhi) and (NP (NP (NP its affiliates ') intentions) (PP toward (NP Lockheed))))))))) .)) (TOP (S-1 (ADVP Instead) (PRN , (S (NP-SBJ Valhi) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ they) (VP may (VP increase , decrease or retain (NP their Lockheed holdings) , (PP depending (PP on (NP (NP a number) (PP of (NP conditions))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP Canada) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (VP preparing (S (NP-SBJ *-2) (VP to (VP speed (PRT up) (NP (NP tariff cuts) (PP with (NP the U.S.)))))))))) ,) (VP recorded (NP (NP a (ADJP 47 %) narrowing) (PP-LOC in (NP (NP its trade surplus) (PP with (NP the U.S.))))) (PP-TMP in (NP August)))) , (NP-SBJ (NP Statistics Canada) , (NP a federal agency) ,) (VP reported (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ (NP U.S. exports) (PP to (NP Canada))) (VP jumped (NP-EXT 11.2 %) (PP-TMP in (NP August)) (PP-DIR from (NP-TMP July)) (SBAR-ADV while (S (NP-SBJ (NP U.S. imports) (PP from (NP Canada))) (VP rose (X-EXT (NP (QP only 2.7) %)))))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ (NP (NP Canada 's) trade surplus) (PP with (NP the U.S.))) (VP narrowed (PP-DIR to (NP (NP (QP C$ 656.5 million) *U*) (PRN -LRB- (NP (QP US$ 558 million) *U*) -RRB-) (PP-TMP in (NP August)))) (PP-DIR from (NP (NP (QP C$ 1.23 billion) *U*) (PRN -LRB- (NP (QP US$ 1.04 billion) *U*) -RRB-)) (PP-TMP in (NP July)))) .)) (TOP (S (S-TPC-1 (NP-SBJ U.S. exports) (VP benefited (PP-TMP in (NP August)) (PP-CLR from (NP (NP (NP heavy Canadian spending) (PP-LOC on (NP new plant and equipment))) and (NP (NP a pickup) (PP-LOC in (NP Canadian auto demand))))))) , (NP-SBJ Canadian officials) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-2 (NP (NP The U.S.) and (NP Canada)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP do (NP (NP more trade) (PP than (NP (NP any other pair) (PP of (NP nations)))))))) ,) (VP are (S (NP-SBJ-3 *-2) (VP to (VP meet (NP-TMP next month) (S-PRP (NP-SBJ *-3) (VP to (VP arrange (NP (NP an acceleration) (PP of (NP (NP planned tariff cuts) (PP-LOC under (NP the U.S.-Canada free trade agreement)))))))))))) .)) (TOP (S (NP-SBJ (NP Industries) (PP-LOC in (NP both countries))) (VP have (VP requested (NP (NP a speedup) (PP of (NP (NP tariff cuts) (PP-LOC on (NP (NP hundreds) (PP of (NP products))))))))) .)) (TOP (S (NP-SBJ-1 Some tariffs) (VP were (VP eliminated (NP *-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the trade pact) (VP took (NP effect) (NP-TMP Jan. 1) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ-1 The remainder) (VP were (S (NP-SBJ-2 *-1) (VP to (VP be (VP phased (NP *-2) (PRT out) (PP in (NP (QP five or 10) annual installments)) , (SBAR-ADV with (S (NP-SBJ-3 all tariffs) (VP eliminated (NP *-3) (PP-TMP by (NP January 1998)))))))))) .)) (TOP (S (NP-SBJ-3 The two countries) (VP aim (S (NP-SBJ *-3) (VP to (VP reach (NP (NP an agreement) (PP *ICH*-1)) (PP-TMP by (NP early December)) (PP-1 on (NP (NP a package) (PP of (NP (NP accelerated tariff cuts) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP take (NP effect) (NP-TMP early next year))))))))))))) .)) (TOP (S (NP-SBJ Canadian officials) (VP said (SBAR 0 (S (NP-SBJ the trade pact) (VP has (VP kindled (NP (NP an export interest) (PP-LOC among (NP (NP many small Canadian companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP previously) (VP had (NP (ADJP little or no) foreign sales)))))))))))) .)) (TOP (S (PP For (NP such businessmen)) , (NP-SBJ the Canadian government) (VP is (VP organizing (NP (NP 55 missions) (NP-TMP this year) (PP to (NP (NP U.S. states) (VP bordering (PP-LOC-CLR on (NP Canada)))))))) .)) (TOP (S (NP-SBJ-1 The businessmen) (VP are (VP (VP introduced (NP *-1) (PP-CLR to (NP potential agents and distributors))) and (VP instructed (NP *-1) (PP-CLR in (NP trade procedures))))) .)) (TOP (S (NP-SBJ-1 The U.S. Commerce Department) (VP is (VP planning (S (NP-SBJ *-1) (VP to (VP try (PRT out) (NP similar trips) (PP-CLR on (NP U.S. businessmen)) (PP-TMP in (NP coming months)) (PP-LOC under (NP its Canada First ! Outreach Program))))))) .)) (TOP (S (NP-SBJ-2 (NP Participants) (PP in (NP (NP the U.S. missions) (PP to (NP Canada))))) (VP are (S (NP-SBJ-1 *-2) (VP to (VP be (VP assisted (NP *-1) (PP by (NP-LGS (NP members) (PP of (NP (NP (NP the Service Corps) (PP of (NP Retired Executives))) , (NP a volunteer group) ,)))) (PP in (S-NOM (NP-SBJ *-1) (VP dealing (PP-CLR with (NP their export challenges)))))))))) .)) (TOP (S (NP-SBJ The Canadian government) (ADVP also) (VP has (ADVP-TMP recently) (VP opened (NP new trade offices) (PP-LOC in (NP (NP San Diego) ; (NP (NP San Juan) , (NP Puerto Rico)) ; (NP Miami) ; (NP (NP Princeton) , (NP N.J.)) , and (NP Denver))) , (S-ADV (NP-SBJ *) (VP bringing (NP (NP the total number) (PP of (NP such Canadian offices)) (PP-LOC in (NP the U.S.))) (PP-DIR to (NP 27)))))) .)) (TOP (S (NP-SBJ The U.S.) (VP has (NP six trade promotion offices) (PP-LOC in (NP Canada))) .)) (TOP (S (NP-SBJ-1 (NP Canada 's) export effort) (VP has (VP been (VP blunted (NP *-1) (PP (PP by (NP-LGS robust home market demand)) and (PP by (NP-LGS (NP an (ADJP 18 %) appreciation) (PP of (NP the Canadian dollar)) (PP against (NP its U.S. counterpart)) (PP-TMP in (NP the past three years)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP has (VP made (S (NP-SBJ Canadian goods) (ADJP-PRD more costly) (PP-TMP in (NP the U.S))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Canada 's) trade surplus) (PP with (NP all countries))) (VP narrowed (PP-DIR to (NP (NP (QP C$ 203.5 million) *U*) (PP-TMP in (NP August)))) (PP-DIR from (NP (NP (QP C$ 528.3 million) *U*) (PP-TMP in (NP July)))))) , (NP-SBJ Statistics Canada) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Loral Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP (NP a (ADJP (QP $ 325 million) *U*) order) (NP *ICH*-1)) (PP-DIR from (NP (NP Turkey 's) (NAC Ministry (PP of (NP Defense))))) , (NP-1 (NP the largest contract) (SBAR (WHNP-2 0) (S (NP-SBJ the company) (ADVP-TMP ever) (VP has (VP received (NP *T*-2)))))))))) .)) (TOP (S (NP-SBJ Loral) (VP will (VP provide (PP-CLR to (NP Turkey)) (NP (NP an electronic countermeasures system) (PP for (NP (NP its fleet) (PP of (NP F-16 aircraft))))))) .)) (TOP (S (NP-SBJ The system) (VP provides (NP radar-threat warning and electronic jamming capabilities)) .)) (TOP (S (NP-SBJ The defense electronics maker) (VP said (SBAR 0 (S (NP-SBJ delivery) (VP will (VP (VP begin (PP-TMP in (NP October 1991))) and (VP run (PP-TMP through (NP mid-1995)))))))) .)) (TOP (S (NP-SBJ Loral) (VP said (SBAR 0 (S (NP-SBJ (NP the contract) (PP with (NP Turkey))) (VP will (VP provide (NP opportunities (SBAR for (S (NP-SBJ Loral) (VP to (VP supply (NP that country) (PP-CLR with (NP other defense systems)))))))))))) .)) (TOP (S (NP-SBJ Crown Resources Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP reached (NP a definitive agreement (S (NP-SBJ *) (VP to (VP acquire (NP (NP the Gold Texas Resources Ltd. shares) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP does n't (ADVP-TMP already) (VP own (NP *T*-1)))))))))))))) .)) (TOP (S (PP-LOC Under (NP the proposed agreement)) , (NP-SBJ Gold Texas holders) (VP will (VP receive (NP 1.43 Crown shares) (PP for (NP (NP each) (PP of (NP the (QP 1.1 million) Gold Texas shares)) (VP not owned (NP *) (PP by (NP-LGS (NP Crown) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP already) (VP owns (NP 65 %))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The arrangement) (VP is (ADJP-PRD subject (PP to (NP (NP approval) (PP by (NP (NP the Supreme Court) (PP of (NP British Columbia province))))))))) , (NP-SBJ Crown) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ-1 Gold Texas) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Vancouver) , (NP British Columbia)))))) , and (S (NP-SBJ-2 Crown Resources) (VP is (VP based (NP *-2) (PP-LOC-CLR in (NP Denver))))) .)) (TOP (S (NP-SBJ Both) (VP are (NP-PRD mining concerns)) .)) (TOP (S (NP-SBJ Apogee Robotics Inc.) (VP said (SBAR 0 (S (NP-SBJ its board) (VP extended (PP-TMP-CLR until (NP Feb. 1)) (NP (NP the exercise period) (PP of (NP (NP (NP Apogee 's) existing stock purchase warrants) (ADJP outstanding)))))))) .)) (TOP (S (NP-SBJ The expiration date) (VP had (VP been (NP-PRD Nov. 3))) .)) (TOP (S (NP-SBJ (NP Each) (PP of (NP the 1,075,000 warrants))) (VP entitle (S (NP-SBJ the holders) (VP to (VP purchase (NP (NP one share) (PP of (NP Apogee common stock))) (PP-CLR for (NP $ 2.25 *U*)))))) .)) (TOP (S (NP-SBJ-1 Apogee) (VP was (VP quoted (NP *-1) (PP-LOC in (NP the over-the-counter market)) (NP-TMP yesterday) (PP-CLR at (NP (NP $ 2 *U*) (VP bid (NP *)))))) .)) (TOP (S (NP-SBJ-1 (NAC Bank (PP of (NP New England))) Corp.) , (S-ADV (NP-SBJ-2 *-1) (VP seeking (S (NP-SBJ *-2) (VP to (VP streamline (NP its business)))) (PP-TMP after (NP (NP a year) (PP of (NP (NP weak earnings) and (NP mounting loan problems))))))) , (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP (VP sell (NP some operations)) and (VP lay (PRT off) (NP (NP 4 %) (PP of (NP its work force))))))))) .)) (TOP (S (NP-SBJ The bank holding company) (ADVP also) (VP reported (SBAR that (S (NP-SBJ third-quarter profit) (VP dropped (NP-EXT 41 %) , (PP-DIR to (NP (NP (QP $ 42.7 million) *U*) , or (NP (NP 61 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP the year-earlier (QP $ 72.3 million) *U*) , or (NP (NP $ 1.04 *U*) (NP-ADV a share)))))))) .)) (TOP (S (PP-LOC Among (NP its restructuring measures)) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP (VP to (VP sell (NP (NP 53) (PP of (NP its 453 branch offices))))) and (VP to (VP lay (PRT off) (NP 800 employees))))))))) .)) (TOP (S (ADVP Altogether) , (NP-SBJ-1 employment) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP decline (PP-DIR to (NP (QP less than 16,000))) (PP-DIR from (NP (NP the current level) (PP of (NP (QP about 18,000)))))))))) .)) (TOP (S (NP-SBJ (NP Walter Connolly) , (NP chairman) ,) (VP said (PP-LOC in (NP an interview)) (SBAR that (S (NP-SBJ-1 the company) (VP expects (S (NP-SBJ *-1) (VP to (VP record (NP (NP pretax gains) (PP of (NP (QP $ 100 million to $ 125 million) *U*)) (PP from (NP (NP the sale) (PP (PP of (NP its leasing operations)) and (PP of (NP certain financial processing services))))))))))))) .)) (TOP (S (PP-LOC In (NP a prepared statement)) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP realize (NP those gains) (PP-TMP before (NP year end))))))))) .)) (TOP (S (NP-SBJ-1 Nonperforming assets) (VP continued (S (NP-SBJ *-1) (VP to (VP pile (PRT up)))) (PP-TMP in (NP the latest quarter)) , (S-ADV (NP-SBJ *-1) (VP rising (PP-DIR to (NP (NP (QP $ 900 million) *U*) , or (NP (NP 3.52 %) (PP of (NP loans and leases))) ,)) (PP-DIR from (NP (NP (QP $ 667 million) *U*) , or (NP 2.68 %) ,) (PP-TMP at (NP (NP the end) (PP of (NP the second quarter)))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Some (QP $ 170 million) *U*) (PP of (NP (NP the (ADJP (QP $ 233 million) *U*) increase) (PP-LOC in (NP nonperforming loans))))) (VP was (ADJP-PRD related (PP to (NP real estate))))) , and (S (NP-SBJ (NP roughly three-quarters) (PP of (NP that))) (VP was (PP-LOC-PRD in (NP the troubled New England market)))) , (PP according (PP to (NP (NP Richard Driscoll) , (NP vice chairman)))) .)) (TOP (S (NP-SBJ Mr. Driscoll) (VP said (SBAR that , (S (PP despite (NP (NP continued weakness) (PP-LOC in (NP (NP the region 's) real estate market)))) , (NP-SBJ (NP Bank) (PP of (NP New England))) (VP expects (S (NP-SBJ (NP the rate) (PP of (NP increase)) (PP-LOC in (NP nonperforming assets))) (VP to (VP slow (PP-TMP in (NP coming quarters))))))))) .)) (TOP (S (NP-SBJ Mr. Connolly) (VP noted (SBAR that (S (NP-SBJ (NP net third-quarter charge-offs) , (PP-LOC at (NP (QP $ 63 million) *U*)) ,) (VP improved (ADVP-MNR slightly) (PP-DIR from (NP (NP the (QP $ 67 million) *U*) (PP-TMP in (NP the second quarter)))))))) .)) (TOP (S And (NP-SBJ he) (VP indicated (SBAR that (S (NP-SBJ-1 more substantial improvement) (VP is (VP expected (NP *-1) (PP-TMP in (NP (NP the next couple) (PP of (NP quarters))))))))) .)) (TOP (S (NP-SBJ The company) (VP increased (NP its loan loss reserve) (PP-DIR to (NP (QP $ 354 million) *U*)) (PP-DIR from (NP (QP $ 342 million) *U*) (PP-TMP at (NP (NP the end) (PP of (NP the second quarter)))))) .)) (TOP (S (NP-SBJ Total assets) (VP slipped (PP-DIR to (NP (QP $ 31.4 billion) *U*)) , (PP-DIR from (NP (QP $ 32 billion) *U*) (PP-TMP as (PP of (NP June 30))))) .)) (TOP (S (PP-LOC Among (NP other restructuring measures)) , (NP-SBJ the bank) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP close (NP (NP its loan production offices) (PP-LOC in (NP (NP Chicago) , (NP New York) and (NP Philadelphia))))))))) .)) (TOP (S (NP-SBJ The Chicago office) (VP figured (ADVP-MNR prominently) (PP-LOC in (NP (NP (NP the bank 's) problems) (NP-TMP (NP earlier this year) , (SBAR (WHADVP-1 when) (S (NP-SBJ (NP (QP $ 65 million) *U*) (PP-LOC in (NP (NP loans) (PP to (NP Chicago businessman William Stoecker))))) (VP went (ADJP-PRD sour) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (PP-LOC In (NP (NP an internal memorandum) (PP to (NP employees)))) , (NP-SBJ Messrs. Connolly and Driscoll) (VP described (NP the restructuring) (PP-CLR as (NP an effort (S (NP-SBJ-1 *) (VP to (VP continue (S (NP-SBJ *-1) (VP rationalizing (NP (NP operations) (VP assembled (NP *) (PP-TMP during (NP (NP a series) (PP of (NP mergers)))) (PP-TMP over (NP the past five years)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Italy 's) wholesale price index) (VP (VP rose (NP-EXT 0.4 %) (PP-TMP in (NP August)) (PP-DIR from (NP-TMP July))) and (VP was (ADVP-PRD up (NP 6.1 %) (PP from (ADVP (NP a year) earlier)))))) , (NP-SBJ the state statistical institute) (VP reported (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The index) (VP registered (NP 196.1) (PP-TMP in (NP August)) , (PP compared (PP (PP with (NP (NP 195.4) (PP-TMP in (NP July)))) and (PP with (NP (NP 184.9) (PP-TMP in (NP August 1988))))))) .)) (TOP (S (NP-SBJ (NP The year-on-year rise) (PP-TMP in (NP August))) (VP was (ADVP-PRD slightly down (PP from (NP (NP the (ADJP 6.4 %) rate) (PP-TMP in (NP July)))))) .)) (TOP (S (NP-SBJ-1 The index) (VP (VP has (NP (NP a base) (PP of (NP 100)) (VP set (NP *) (PP-TMP in (NP 1980))))) and (VP is n't (VP (ADVP-MNR seasonally) adjusted (NP *-1)))) .)) (TOP (S (NP-SBJ U.S. steel imports) (PP-TMP in (NP August)) (VP fell (NP-EXT 14 %) (PP-DIR from (ADVP-TMP (NP a year) earlier)) (PP-DIR to (NP 1,531,000 tons)) , (PP according (PP to (NP the American Iron and Steel Institute)))) .)) (TOP (S (NP-SBJ (NP (NP The trade group 's) compilation) (PP of (NP Commerce Department data))) (VP showed (SBAR that (S (NP-SBJ (NP August imports) , (NP (NP the (ADJP second largest) monthly total) (PP of (NP the year))) ,) (VP were (UCP-PRD (ADVP up (NP 5 %) (PP from (NP (NP July 's) 1,458,000 tons))) but (PP-LOC below (NP (NP (NP last year 's) high) (PP of (NP 1,979,000 tons)) (PP-TMP in (NP June 1988))))))))) .)) (TOP (S (NP-SBJ August imports) (VP claimed (NP (NP 18.5 %) (PP of (NP the U.S. market))) , (PP compared (PP with (NP (NP (NP 19.3 %) (PP-TMP in (NP July))) and (NP (NP 20.5 %) (PP-TMP in (NP August 1988))))))) .)) (TOP (S (NP-SBJ (NP The latest month 's) figures) (VP show (SBAR that (S (NP-SBJ (NP imports) (PP of (NP steel)) (PP from (NP European Community nations))) (VP fell (PP-DIR to (NP 466,000 tons)) (PP-DIR from (NP 481,000) (ADVP-TMP (NP a month) earlier)) , (SBAR-ADV while (S (NP-SBJ (NP imports) (PP from (NP Japan))) (VP rose (PP-DIR to (NP 323,000 tons)) (PP-DIR from (NP 288,000) (PP-TMP in (NP July)))))))))) .)) (TOP (S (NP-SBJ (NP Imports) (PP from (NP Canada))) (VP rose (PP-DIR to (NP 272,000 tons) (PP-TMP in (NP August))) (PP-DIR from (NP 209,000) (PP-TMP in (NP July)))) .)) (TOP (S (NP-SBJ (NP The American Institute) (PP for (NP Imported Steel))) (VP said (SBAR 0 (S (NP-SBJ (NP imports) (PP for (NP (NP the first eight months) (PP of (NP 1989))))) (VP were (PP-LOC-PRD below (NP (NP the level) (VP allowed (NP *) (PP by (NP-LGS the Voluntary Restraint Agreement program))))))))) .)) (TOP (S (NP-SBJ The institute) (VP said (SBAR that , (S (PP excluding (NP semifinished steel products)) , (NP-SBJ year-to-date imports) (VP represented (NP (NP 15.2 %) (PP of (NP consumption))) , (PP compared (PP with (NP (NP a permitted maximum) (PP of (NP 18.5 %))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ Japanese machinery makers) (VP received (NP (NP orders) (VP totaling (NP (NP (QP 1.465 trillion) yen) (PRN -LRB- (NP (QP $ 10.33 billion) *U*) -RRB-))) (ADVP *ICH*-1)) (PP-TMP in (NP August)) , (ADVP-1 up (NP 14 %) (PP from (ADVP (NP a year) earlier))))) , (NP-SBJ the Economic Planning Agency) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Equipment orders) (PP-LOC on (NP the domestic side))) (VP were (ADJP-PRD particularly strong (PP in (NP shipping and power utilities))))) , '' (VP said (S *T*-1)) (NP-SBJ an agency official) .)) (TOP (S (NP-SBJ The latest report) (VP compares (PP-CLR with (NP (NP a modest (ADJP 9.9 %) increase) (PP-LOC in (NP July machinery orders)) (PP from (ADVP (NP a year) earlier))))) .)) (TOP (S (PP-TMP In (NP August)) , (SBAR-TMP (ADVP soon) after (S (NP-SBJ Wang Laboratories Inc.) (VP (VP reported (NP a staggering (ADJP (QP $ 424.3 million) *U*) loss)) and (VP replaced (NP its president))))) , (NP-SBJ two Boston sales representatives) (VP sent (NP customers) (NP (NP a letter) (VP saying : `` (S (NP-SBJ We) (VP (ADVP-MNR fully) expect (SBAR that (S (NP-SBJ you) (VP will (ADVP-TMP soon) (VP be (VP reading (NP (NP stories) (PP-LOC in (NP the press)) (VP reporting (NP (NP the ` Amazing Comeback) (PP-LOC at (NP Wang))))))))))))))) . ' '')) (TOP (S (SBAR-SBJ (SBAR (WHADVP-1 How soon) (S (NP-SBJ Wang) (VP will (VP stage (NP a comeback) (ADVP-TMP *T*-1))))) , or (SBAR if (S (NP-SBJ it) (VP will (VP *?* (ADVP at all))))) ,) (VP are (ADVP-TMP still) (NP-PRD (NP matters) (PP of (NP debate)))) .)) (TOP (S But (NP-SBJ-3 Wang salespeople) (VP are (VP trying (S (NP-SBJ *-3) (VP to (VP cope (PP-CLR with (NP (NP (NP the biggest challenge) (SBAR (WHNP-2 0) (S (NP-SBJ any marketer) (VP can (VP face (NP *T*-2)))))) : (S-NOM (NP-SBJ *) (VP selling (NP (NP the products) (PP of (NP (NP a company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (PP-LOC-PRD on (NP the ropes))))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-ADV If (S (S (NP-SBJ your prospect) (VP is (VP feeling (NP-PRD risk) (NP-TMP the whole time)))) and (S (NP-SBJ you) (VP 're not (VP feeling (SBAR-MNR as if (S (NP-SBJ-3 you) (VP 're (VP backed (NP *-3) (PRT up) (PP by (NP-LGS a stable company))))))))))) , (NP-SBJ you) (VP 've (VP lost (NP it) (SBAR-TMP before (S (NP-SBJ you) (VP 've (VP begun))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mary Ann Cluggish) , (NP (NP a (NAC-LOC Wellesley , Mass. ,) (NX (NX sales trainer) and (NX consultant))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP works (PP with (NP high technology companies))))))) .)) (TOP (S (NP-SBJ It) (VP can (VP happen (PP-LOC in (NP any industry)))) .)) (TOP (S (NP-SBJ *) (VP Consider (NP (NP (NP the difficulties) (VP faced (NP *) (PP by (NP-LGS Audi salespeople)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 the car) (VP was (VP tainted (NP *-1) (PP by (NP-LGS (NP false charges) (PP of (NP sudden acceleration)))) (ADVP-TMP *T*-2))))))) , or (NP (NP (NP Exxon dealers ') problems) (PP-TMP in (NP (NP the wake) (PP of (NP the Valdez oil spill))))))) .)) (TOP (S (PP Like (NP (NP thousands) (PP of (NP salespeople)) (PP-TMP before (NP them)))) , (NP-SBJ Wang 's) (VP are (VP finding (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP combat (NP the bad news) (ADVP-MNR *T*-1)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's (ADJP-PRD very important) (SBAR-1 that (S (NP-SBJ we) (VP exude (NP confidence)))) , (SBAR-ADV even though (S (PP-LOC within (NP the family)) (NP-SBJ we) (VP know (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD (NP a lot) (PP of (NP hard work)) (ADVP-TMP ahead)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Richard Miller) , (NP (NP the (NAC-LOC Lowell , Mass. ,) computer concern 's) new president) ,) (PP-LOC in (NP (NP a video message) (PP to (NP salespeople)))) (SBAR-TMP (NP a month) after (S (NP-SBJ he) (VP took (PRT over)))) .)) (TOP (S (NP-SBJ Wang) (VP got (PP-DIR into (NP financial trouble)) (PP-PRP because of (NP (NP bloated overhead) and (NP (ADJP overly optimistic) sales forecasts)))) .)) (TOP (S (NP-SBJ Its mainline (NX (NX minicomputers) and (NX word processors))) (VP have (VP lost (NP ground) (PP-CLR to (NP cheaper personal computers)))) .)) (TOP (S (NP-TMP Last year) (S (NP-SBJ it) (VP funded (NP its high employment) (PP-MNR by (NP heavy borrowing)))) , and (S (NP-SBJ it) (VP suffered (NP huge losses) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ sales) (VP (VP turned (ADVP-DIR down)) (CONJP instead of) (VP rising) (ADVP-TMP *T*-1)))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ the company) (VP reported (NP red ink) (PP for (NP the fiscal third quarter))))) , (NP-SBJ (NP Wang 's) marketing department) (VP provided (NP the sales force) (NP (NP answers) (PP to (NP (NP questions) (PP such as (SQ `` (SBARQ (WHADVP-3 How) (SQ could (NP-SBJ you) (VP not have (VP known (SBAR 0 (S (NP-SBJ-1 you) (VP were (VP going (S (NP-SBJ *-1) (VP to (VP lose (NP (QP $ 55 million) *U*)))))))) (ADVP-MNR *T*-3)))) ?) '' and `` (SQ (VP Is (NP-PRD *ICH*-2)) (NP-SBJ Wang) (ADVP-TMP still) (NP-PRD-2 a viable company) ?))))))) '')) (TOP (S (NP-SBJ-1 Salespeople) (VP (VP try (S (NP-SBJ *-1) (VP to (VP push (NP their products))))) and (VP avoid (NP (NP discussions) (PP of (NP finances))))) .)) (TOP (SINV (S-TPC-1 (S-NOM-SBJ (NP-SBJ *) (VP Responding (PP-CLR to (NP such questions)))) (VP is `` (ADJP-PRD defensive))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Kenneth Olissa) , (NP (NP Wang 's) vice president , marketing)) .)) (TOP (S `` (NP-SBJ That) (VP 's (ADJP-PRD antithetical (PP to (NP (NP the art) (PP of (NP selling)))))) . '')) (TOP (S (ADVP Moreover) , (NP-SBJ he) (VP notes (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP analyzing (NP financial results))) `` (VP poses (NP a problem) (PP for (NP (NP a salesman) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is n't (ADJP-PRD particularly familiar (PP with (NP a balance sheet)))))))))))) . '')) (TOP (S (PP-LOC At (NP one sales strategy meeting)) , (NP-SBJ an executive) (VP suggested (S (NP-SBJ *) (VP ordering (NP-1 salespeople) (S (NP-SBJ *-1) (VP to (VP become (NP-PRD (NP experts) (PP on (NP the annual report))))))))) .)) (TOP (S (S (NP-SBJ Mr. Miller) (VP vetoed (NP that))) : (S `` (S-TPC-1 (NP-SBJ Even I) (VP ca n't (VP understand (NP all the footnotes)))) , '' (NP-SBJ he) (VP says (S *T*-1))) .)) (TOP (S-1 (ADVP Instead) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (SBAR-ADV if (S (NP-SBJ the salespeople) (VP can (VP get (S (NP-SBJ the customers) (VP to (VP consider (NP (NP Wang 's) products) (PP-CLR on (NP their merits))))))))) , (NP-SBJ-2 (NP he) or (NP a top financial officer)) (VP will (VP try (S (NP-SBJ *-2) (VP to (VP assuage (NP (NP the fears) (PP about (NP finances)))))))) .)) (TOP (S (S (NP-SBJ (NP Mike Metschan) , (NP (NP a salesman) (PP-LOC in (NP (NP Wang 's) (NAC-LOC Austin , Texas ,) office))) ,) (VP has (NP a breezier method))) : `` (S (NP-SBJ We) (VP tell (NP them) (SBAR 0 (S (NP-SBJ (ADJP (QP $ 3 billion) *U*) companies) (VP do n't (VP go (ADVP-PRD out (PP of (NP business))))))))) .)) (TOP (S (NP-SBJ We) (VP tell (NP them) (SBAR 0 (S (NP-SBJ all the major companies) (VP are (VP having (NP financial difficulties)))))) . '')) (TOP (S (S (NP-SBJ Numerous computer companies) (VP are (VP having (NP (NP sales slumps) and (NP earnings declines))))) , but (S (NP-SBJ very few) (VP (VP have (VP had (NP (NP losses) (ADJP comparable (PP to (NP Wang 's)))))) or (VP are (VP carrying (NP such a large debt load))))) .)) (TOP (S (NP-SBJ Mr. Miller) (VP says (SBAR that (S (PP-TMP after (NP (NP a sharp sales slump) (PP-TMP in (NP July and August)))) , (NP-SBJ sales) (VP stabilized (PP-TMP in (NP September)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Wang) (VP will (VP report (NP a loss) (PP for (NP (NP (NP the first quarter) (VP ended (NP-TMP Sept. 30))) and (NP the full fiscal year))))))) , (NP-SBJ Mr. Miller) (VP says (SBAR 0 (S (NP-SBJ he) (VP expects (SBAR 0 (S (NP-SBJ the company) (VP will (VP return (PP-DIR to (NP profitability)) (PP-TMP by (NP the fourth quarter)))))))))) .)) (TOP (S (NP-SBJ (NP Experts) (PP on (NP sales technique))) (VP say (SBAR 0 (S (NP-SBJ (NP anyone) (VP representing (NP a troubled company))) (VP must (VP walk (NP a fine line)))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ a salesman) (VP jeopardizes (NP his credibility) (PP-TMP in (NP (NP this time) (PP of (NP trouble))))))) , (NP-SBJ it) (VP will (VP be (NP-PRD a problem) (PP-TMP for (NP the long run))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP George Palmatier) , (NP (NP a (NAC-LOC Minden , Nev. ,) sales consultant) and (NP (NP author) (PP of `` (NP-TTL The Marketing Edge))))) . '')) (TOP (S (ADVP Still) (PRN , (SINV (VP says) (NP-SBJ (NP John Sullivan) , (NP (NP a management recruiter) (PP with (NP (NP Daniel Roberts Inc.) (PP of (NP Boston)))) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP held (NP (NP senior sales positions) (PP-LOC at (NP Polaroid and Atari))))))))))) : `` (NP-SBJ The customer) (VP will (VP react (PP-CLR to (NP strength)))) .)) (TOP (S (NP-SBJ *) (VP Ignore (NP the present condition)) .)) (TOP (S (NP-SBJ *) (VP Show (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD (NP business) (PP as (ADJP usual))))))) . '')) (TOP (S (NP-SBJ That) (VP is n't (ADJP-PRD easy)) .)) (TOP (S (NP-SBJ (NP Wang 's) customers) (VP are (NP-PRD (NP data processing managers) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP want (S (NP-SBJ *-3) (VP to (VP be (ADJP-PRD sure (SBAR that (S (NP-SBJ their suppliers) (VP are (NP-PRD (NP stable , wellrun companies) (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP will (VP be (ADVP-LOC-PRD around) (S-PRP (NP-SBJ *-4) (VP to (VP (VP fix (NP bugs)) and (VP upgrade (NP computers))))) (PP-TMP for (NP (NP years) (SBAR (WHNP-5 0) (S (NP-SBJ *T*-5) (VP to (VP come))))))))))))))))))))))) .)) (TOP (SINV (S-TPC-2 (PP For (NP buyers)) , `` (NP-SBJ these) (VP are (NP-PRD career-risking decisions))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Jean Conlin) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP supervises (NP (NP a network) (PP of (NP Wang computers)) (PP-LOC in (NP (NP the admissions department) (PP-LOC at (NP Boston University))))))))) .)) (TOP (S (NP-SBJ-1 The university) (VP is (VP considering (S (NP-SBJ *-1) (VP installing (NP (NP a (ADJP $ 250,000 *U*) system) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP store (NP applications) (ADVP-MNR electronically)))))))))) .)) (TOP (S `` (S-TPC-1 (PP-TMP Before (NP the (ADJP really bad) news)) , (NP-SBJ we) (VP were (VP looking (PP-CLR at (NP Wang)) (ADVP-MNR fairly seriously)))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S But `` (NP-SBJ their present financial condition) (VP means (SBAR 0 (S (NP-SBJ-1 I) (VP 'd (VP have (NP-CLR a hard time) (S-CLR (NP-SBJ *-1) (VP convincing (NP (NP the vice president) (PP in (NP (NP charge) (PP of (NP purchasing)))))))))))) . '')) (TOP (S (NP-SBJ Ms. Conlin) (VP adds : `` (S (PP-LOC At (NP some point)) (NP-SBJ-1 we) (VP 'd (VP have (S (NP-SBJ *-1) (VP to (VP ask , ` (SBARQ (WHADVP-2 How) (SQ do (NP-SBJ we) (VP know (SBAR that (S (PP-TMP in (NP three years)) (NP-SBJ you) (VP wo n't (VP be (PP-LOC-PRD in (NP Chapter 11)))))) (ADVP-MNR *T*-2))) ?) ')))))) ''))) (TOP (S (PP-TMP During (NP the past year)) , (NP-SBJ Wang) (VP has (VP (VP developed (NP (NP new products) and (NP a new strategy))) and (VP hired (NP a new president)))) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ (NP Wang 's) overall product line) (VP is `` (ADVP-TMP still) (ADJP-PRD (ADJP not as good) (PP as (NP other vendors))))) , but (S (NP-SBJ they) (VP 've (VP come (NP-EXT a long way))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Steven Wendler) , (NP (NP a consultant) (PP with (NP (NP market researcher Gartner Group) , (NP-LOC (NP Stamford) , (NP Conn)))))) .)) (TOP (S `` (NP-SBJ They) (VP were (PP-LOC-PRD on (NP (NP the road) (PP to (NP recovery)))) (PP in (NP (NP terms) (PP of (NP customer attitudes)))) (SBAR-TMP until (S (NP-SBJ this bad quarter) (VP happened)))) . '')) (TOP (S (NP-SBJ The first priority) (PP for (NP (NP Wang 's) sales force)) (VP is (S-PRD (NP-SBJ *) (VP to (VP make (S (ADJP-PRD sure) (SBAR-SBJ 0 (S (NP-SBJ it) (VP holds (PP-CLR on (PP to (NP existing customers))))))))))) .)) (TOP (S (S (NP-SBJ (NP Wang 's) installed base) (VP is (NP-PRD (NP one) (PP of (NP its greatest assets))))) , and (S (NP-SBJ (NP many) (PP of (NP those customers))) (VP remain (ADJP-PRD extremely loyal))) .)) (TOP (SINV (S-TPC-3 But (SBAR-TMP (ADVP even) before (S (NP-SBJ (NP Wang 's) latest financial troubles) (VP surfaced))) , (NP-SBJ-2 some customers) `` (VP were (VP trying (S (NP-SBJ *-2) (VP to (VP wall (PRT off) (NP their Wang installations) '' (SBAR-PRP so (S (NP-SBJ other departments) (VP would n't (VP add (NP Wang))))))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Chris Christiansen) , (NP (NP a former Wang marketer) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADVP-TMP now) (NP-PRD (NP a market analyst) (PP with (NP (NP Meta Group) , (NP (NP a market research firm) (PP-LOC in (NP (NP Stamford) , (NP Conn)))))))))))) .)) (TOP (S (NP-SBJ (NP One Wang salesman) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP left (NP the company) (PP-TMP in (NP July)))))) (VP recalls (SBAR that (S (S (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-2 he) (VP tried (S (NP-SBJ *-2) (VP to (VP sell (NP products) (PP-DTV to (NP Eastman Kodak))))) (ADVP-TMP *T*-3)))) , (NP-SBJ-4 he) (VP worked `` (S (NP-SBJ *-4) (VP to (VP muster (NP (NP support) (PP from (NP internal allies)))))))) , '' but `` (S (NP-SBJ those allies) (VP became (ADJP-PRD skeptical) (SBAR-TMP as (S (NP-SBJ they) (VP saw (NP the downtrend))))))))) .)) (TOP (S (NP-SBJ The (ADJP more recent) losses) (VP were (ADJP-PRD really devastating)) . '')) (TOP (S (NP-SBJ (NP New customers) , (NP (NP (NP the source) (PP of (NP higher commissions)) (PP for (NP salespeople))) and (NP (NP the key) (PP to (NP (NP Wang 's) long-term viability)))) ,) (VP are (ADJP-PRD even tougher)) .)) (TOP (S (NP-SBJ-1 (NP Rick Lynch) , (NP (NP a former top salesman) (PP-LOC in (NP (NP Wang 's) Boston office))) ,) (S-ADV (NP-SBJ *-1) (VP referring (PP-CLR to (NP (NP Wang 's) mainstay computer line))) ,) (VP says : `` (S (NP-SBJ You) (VP ca n't (VP sell (NP a VS) (PP-DTV to (NP a new customer)))))) . '')) (TOP (S (NP-SBJ Mr. Lynch) (VP left (NP Wang) (NP-TMP this summer) (PP-PRP for (NP (NP Oracle Systems Inc.) , (NP a software vendor)))) .)) (TOP (S (NP-SBJ The financial problems) (VP are (ADJP-PRD particularly frustrating) (PP for (NP (NP salespeople) (VP pushing (NP (NP (NP Wang 's) image systems) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP convert (NP paper forms) (PP-CLR to (NP electronic documents)))))))))) .)) (TOP (S (NP-SBJ Consultants) (VP say (SBAR that (S (NP-SBJ (NP Wang 's) technology) (VP is (PP-LOC-PRD among (NP (NP the best) (ADJP available) (PP-LOC in (NP the image market)))))))) .)) (TOP (S But (NP-SBJ salespeople) (ADVP-TMP often) (VP found (SBAR that (S (NP-SBJ (NP news) (PP of (NP (NP Wang 's) problems))) (VP superseded (NP their sales efforts))))) .)) (TOP (S (NP-SBJ (NP William Tait) , (NP (NP a former sales manager) (PP-LOC in (NP Indianapolis))) ,) (VP says (SBAR that (S (NP-SBJ his office) (VP had (VP (ADVP all but) sold (NP a (ADJP (QP $ 1.5 million) *U*) image system) (PP-DTV to (NP pharmaceutical maker Eli Lilly & Co))))))) .)) (TOP (S `` (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ they) (VP were (VP making (NP the decision) (ADVP-TMP *T*-1))))) , (NP-SBJ all hell) (VP broke (ADJP-CLR loose) (PP with (NP the finances))) . '')) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ the Lilly executives) (VP told (NP him) (SBAR 0 (S (NP-SBJ they) (VP could n't (VP take (NP the risk) (PP-CLR with (NP Wang)))))))))) .)) (TOP (S (NP-SBJ Mr. Tait) (VP say (SBAR 0 (S (NP-SBJ he) (VP does n't (VP blame (NP Lilly)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Buyers) (VP have (S (NP-SBJ *-1) (VP to (VP rely (PP-CLR on (S-NOM (NP-SBJ a supplier) `` (ADVP-TMP continually) (VP upgrading and replacing (NP the product))))))))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S `` (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ a company) (VP realizes (NP that) (ADVP-TMP *T*-2)))) , (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP go (PP-CLR with (NP Wang)))))) . '')) (TOP (S (PP For (NP (NP Mr. Tait) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP says (SBAR 0 (S (NP-SBJ-2 he) (VP used (S (NP-SBJ *-2) (VP to (VP earn (NP (NP as much) (PP as (NP (NP $ 150,000 *U*) (NP-ADV a year)))) (PP-LOC at (NP Wang))))))))))))) , (NP-SBJ it) (VP was (NP-PRD (NP one more reason) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP quit (ADVP-PRP *T*-3))))))) .)) (TOP (S (NP-SBJ He) (VP is (ADVP-TMP now) (NP-PRD (NP president) (PP of (NP (NP Eastate Homes Inc.) , (NP an Indianapolis contractor))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP can (VP be (ADJP-PRD hard) (SBAR-1 for (S (NP-SBJ a salesperson) (VP to (VP fight (PRT off) (NP (NP feelings) (PP of (NP discouragement))))))))) .)) (TOP (S (NP-SBJ (NP Brian Petre) , (NP (NP a former Wang salesman) (PP-LOC in (NP upstate New York))) ,) (VP says : `` (S (NP-SBJ You) (VP have (NP (NP pride) (PP in (NP your job)))))) .)) (TOP (S (NP-SBJ You) (VP think (SBAR 0 (S (NP-SBJ you) (VP can (VP (VP go (ADVP-DIR out)) and (VP turn (NP things) (ADVP-CLR around))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP 's (NP-PRD a tough thing) (SBAR-2 (WHADVP-1 when) (S (NP-SBJ you) (VP ca n't (VP *?* (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ The reason) (VP does n't (VP relate (PP-CLR to (NP your selling skills)))) . '')) (TOP (S (NP-SBJ Discouragement) (VP feeds (PP-CLR on (NP itself))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The problem) (VP is , (S-PRD (SBAR-ADV if (S (NP-SBJ people) (VP get (ADVP-PRD-LOC down (PP in (NP the dumps)))))) , (NP-SBJ-2 they) (VP stop (S (NP-SBJ *-2) (VP selling)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mike Durcan) , (NP (NP a laid-off sales manager) (PP-LOC in (NP (NP Wang 's) Austin office)))) .)) (TOP (S (NP-SBJ One key) (PP for (NP salespeople)) (VP is (S-PRD (NP-SBJ *) (VP to (VP boost (NP their own morale))))) .)) (TOP (S (NP-SBJ (NP Paul Hellman) , (NP (NP a (NAC-LOC Framingham , Mass. ,) sales and management consultant) and (NP (NP author) (PP of `` (S-TTL (S (NP-SBJ *) (ADJP-PRD Ready)) , (S (NP-SBJ *) (VP Aim)) , (S (NP-SBJ-2 You) (VP 're (VP Hired (NP *-2)))))))) , '') (VP says : `` (S (NP-SBJ The bad news) (VP is , (S-PRD (NP-SBJ-1 you) (VP 'll (VP be (VP rejected (NP *-1) (ADVP more)))))))) .)) (TOP (S (NP-SBJ The good news) (VP is , (S-PRD (NP-SBJ it) (VP 's not (NP-PRD your fault)))) . '')) (TOP (S-1 So (PRN , (S (NP-SBJ he) (VP advises (SBAR 0 (S *T*-1)))) ,) (NP-SBJ *) (VP make (S (NP-SBJ goals) (ADJP-PRD achievable))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ he) (VP suggests (SBAR that (S (NP-SBJ (NP salespeople) (VP making (NP telephone calls))) (VP should (VP say (PP-CLR to (NP themselves)) : `` (S (NP-SBJ (NP All) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP want (S (NP-SBJ *) (VP to (VP do (NP *T*-1)))) (NP-TMP today))))) (VP is (VP get (NP 50 rejections))))))))) . '')) (TOP (S But (NP-SBJ (NP Mr. Miller) , (NP (NP Wang 's) new president) ,) (ADVP-TMP recently) (VP warned (NP his salespeople) (PP-CLR about (NP negativism))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Our customers) (VP watch (NP us) (PP-PRP for (NP the hidden message)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ *) (VP (VP Look (NP a customer) (PP-LOC-CLR (ADVP right) in (NP the eye))) and (VP say , ` (S (NP-SBJ-1 I) (VP 'm (ADJP-PRD glad (S (NP-SBJ *-1) (VP to (VP be (PP-LOC-PRD at (NP Wang)))))))))) .)) (TOP (S (NP-SBJ (NP Blinder International Enterprises Inc.) , (NP (NP the parent) (PP of (NP beleaguered penny-stockbroker Blinder , Robinson & Co.))) ,) (VP said (SBAR 0 (S (NP-SBJ its shareholders) (VP approved (NP (NP a (ADJP previously announced) name change) (PP to (NP Intercontinental Enterprises Inc))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The parent company) (VP is (VP diversifying (PP-DIR into (NP (NP other industries) (ADVP-LOC around (NP the world))))))) , '' (VP said (S *T*-1)) (NP-SBJ-2 president Meyer Blinder) (PP in (S-NOM (NP-SBJ *-2) (VP explaining (NP the name change)))) .)) (TOP (S `` (NP-TMP (NP Everytime) (SBAR (WHADVP-1 0) (S (NP-SBJ we) (VP talked (PP-CLR about (NP Blinder International)) (ADVP-TMP *T*-1))))) , (NP-SBJ (PRN -LCB- people -RCB-)) (VP thought (SBAR 0 (S (NP-SBJ it) (VP was (NP-PRD the brokerage house))))) . '')) (TOP (S (NP-SBJ Mr. Blinder) (VP said (SBAR 0 (S (NP-SBJ the change) (VP was n't (ADJP-PRD related (PP to (NP (NP (NP the brokerage 's) recent troubles) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (VP included (NP (NP (NP sharp declines) (PP-LOC in (NP earnings))) , (NP (NP run-ins) (PP with (NP the securities regulators))) and (NP (NP lawsuits) (PP by (NP former customers))))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ the name change) (VP to (VP take (NP effect) (PP-TMP within (NP a week))))))))) .)) (TOP (S (NP-SBJ Olin Corp.) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP rose (NP-EXT 26 %) (PP on (NP (NP the strength) (PP of (NP its chemical business)))))))) .)) (TOP (S (NP-SBJ Net) (VP was (NP-PRD (NP (QP $ 24 million) *U*) , or (NP (NP $ 1.15 *U*) (NP-ADV a share)) ,) (ADVP up (PP from (NP (NP (QP $ 19 million) *U*) , or (NP (NP 90 cents) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 7.4 %) (PP-DIR to (NP (QP $ 580 million) *U*)) (PP-DIR from (NP (QP $ 540 million) *U*))) .)) (TOP (S (NP-SBJ Olin) (VP said (SBAR 0 (S (NP-SBJ its chemical segment) (VP had (NP (NP profit) (PP of (NP (QP $ 22 million) *U*))) , (ADVP up (PP from (NP (QP $ 15 million) *U*) (ADVP-TMP (NP a year) ago))) , (PP-PRP (ADVP largely) because of (NP (NP gains) (PP-LOC in (NP (NP electrochemicals) (PP such as (NP caustic soda)))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 the gains) (VP were (VP tied (NP *-1) (PP-CLR to (NP (NP volume increases) and (NP higher prices)))))))) .)) (TOP (S (NP-SBJ (NP The market) (PP for (NP electrochemicals))) (VP include (NP the paper , water-purification and textile industries)) .)) (TOP (S (NP-SBJ The chemical segment) (VP had (NP (NP a (ADJP (QP $ 6 million) *U*) gain) (PP on (NP (NP the sale) (PP of (NP ammonia and urea businesses)))) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP offset (NP *-1) (PP by (NP-LGS (NP a (ADJP (QP $ 6 million) *U*) charge) (PP for (NP future environmental expenditures)))))))))) .)) (TOP (S (NP-SBJ (NP Profit) (PP-LOC in (NP (NP Olin 's) defense and ammunition segment))) (VP rose (PP-DIR to (NP (QP $ 8 million) *U*)) (PP-DIR from (NP (QP $ 7 million) *U*))) .)) (TOP (S (NP-SBJ (NP The metals segment) , (VP hurt (NP *) (PP by (NP-LGS a strike))) ,) (VP had (NP break-even results) , (PP against (NP (NP (QP $ 3 million) *U*) (ADVP-TMP (NP a year) ago)))) .)) (TOP (S (PP-TMP In (NP the first nine months)) , (NP-SBJ net) (VP rose (NP-EXT 21 %) (PP-DIR to (NP (NP (QP $ 93 million) *U*) , or (NP (NP $ 4.52 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 77 million) *U*) , or (NP (NP $ 3.62 *U*) (NP-ADV a share))) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 13 %) (PP-DIR to (NP (QP $ 1.91 billion) *U*)) (PP-DIR from (NP (QP $ 1.69 billion) *U*))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Olin) (VP closed (PP-CLR at (NP (NP $ 58.50 *U*) (NP-ADV a share))) , (ADVP down (NP 25 cents))) .)) (TOP (S (NP-SBJ (NP GTE Corp.) and (NP MCI Communications Corp.)) (VP reported (NP (NP strong earnings gains) (PP to (NP record levels))) (PP for (NP the third quarter))) .)) (TOP (S (NP-SBJ (NP Southwestern Bell Corp.) and (NP Cincinnati Bell)) (VP posted (NP slight declines)) .)) (TOP (NP GTE Corp .)) (TOP (S (NP-SBJ GTE) (VP said (SBAR 0 (S (NP-SBJ-1 net income) (VP rose (NP-EXT 18 %) , (S-ADV (NP-SBJ-2 *-1) (VP aided (NP *-2) (PP by (NP-LGS (NP higher long-distance calling volumes) and (NP (NP an increase) (PP-LOC in (NP (NP telephone lines) (PP-LOC in (NP service))))))))))))) .)) (TOP (S (S (NP-SBJ (NP Pretax operating profit) (PP from (NP telephone operations))) (VP rose (NP-EXT 8.2 %))) but (S (NP-SBJ (NP profits) (PP from (NP (NP telecommunications products) and (NP electrical products)))) (VP were (ADJP-PRD flat))) .)) (TOP (S (NP-SBJ Revenues) (VP rose (NP-EXT 8.8 %) (PP-DIR to (NP (QP $ 4.35 billion) *U*)) (PP-DIR from (NP (QP $ 4.0 billion) *U*))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ the quarter) (VP included (NP (NP (NP a (ADJP 10 %) increase) (PP-LOC in (NP (NP local-exchange usage) (PP for (NP long-distance calling))))) and (NP (NP a (ADJP 5 %) increase) (PP-LOC in (NP (NP the number) (PP of (NP (NP access lines) (PP-LOC in (NP service)))))))))))) .)) (TOP (S (S (NP-SBJ (NP Earlier rate reductions) (PP-LOC in (NP Texas and California))) (VP reduced (NP (NP the quarter 's) (NX (NX revenue) and (NX operating profit))) (NP-EXT (QP $ 55 million) *U*))) ; (S (ADVP-TMP (NP a year) earlier) , (NP-SBJ-1 (NP operating profit) (PP-LOC in (NP telephone operations))) (VP was (VP reduced (NP *-1) (PP-EXT by (NP a similar amount)) (PP-PRP as (NP (NP a result) (PP of (NP (NP a provision) (PP for (NP a reorganization))))))))) .)) (TOP (S (S (NP-SBJ (NP Revenue) (PP-LOC in (NP the telecommunications products and services unit))) (VP rose (NP-EXT 27 %) (PP-DIR to (NP (QP $ 728.8 million) *U*)))) , but (S (NP-SBJ operating profit) (VP was (ADJP-PRD unchanged) (PP at (NP $ 26.3 million *U*)) , (PP-PRP (ADVP partly) because of (NP start-up expenses)))) .)) (TOP (S (NP-SBJ (NP Electrical products ') sales) (VP fell (PP-DIR to (NP (QP $ 496.7 million) *U*)) (PP-DIR from (NP (QP $ 504.5 million) *U*)) (SBAR-ADV with (S (NP-SBJ higher world-wide lighting volume) (VP offset (NP *) (PP by (NP-LGS (NP lower domestic prices) and (NP (NP the impact) (PP of (NP (NP weaker currencies) (PP-LOC in (NP (NP Europe) and (NP South America)))))))))))) .)) (TOP (S (NP-SBJ (NP Operating profit) (PP of (NP (QP $ 37.2 million) *U*))) (VP was (ADJP-PRD unchanged)) .)) (TOP (S (PP-LOC In (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange)) , (NP-SBJ GTE) (VP rose (NP-EXT $ 1.25 *U*) (PP-DIR to (NP $ 64.125 *U*))) .)) (TOP (NP MCI Communications Corp .)) (TOP (S (NP-SBJ (NP MCI) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP stepped (PRT up) (NP efforts (S (NP-SBJ *) (VP to (VP sell (NP long-distance telephone service) (PP-DTV to (NP residential customers))))))))) ,) (VP reported (NP (NP a (ADJP 59 %) jump) (PP-LOC in (NP earnings)))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 23 %) (PP-DIR to (NP (QP $ 1.67 billion) *U*)) (PP-DIR from (NP (QP $ 1.36 billion) *U*))) .)) (TOP (S (NP-SBJ Operating profit) (VP grew (NP-EXT 57 %) (PP-DIR to (NP (QP $ 269 million) *U*)) (PP-DIR from (NP (QP $ 171 million) *U*)) , (SBAR-ADV while (S (NP-SBJ operating margins) (VP rose (PP-DIR to (NP 16.1 %)) (PP-DIR from (NP (NP (NP 15.9 %) (NP-TMP the previous quarter)) and (NP (NP 12.6 %) (ADVP-TMP (NP a year) ago)))))))) .)) (TOP (S (NP-SBJ (NP Daniel Akerson) , (NP MCI chief financial officer) ,) (VP said (SBAR 0 (S (NP-SBJ the company) (VP sees (NP (NP further improvements) (PP-LOC in (NP operating margins))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP think (SBAR 0 (S (NP-SBJ we) (VP can (VP take (NP it) (PP-DIR to (NP the (ADJP 18 %) range)) (PP-TMP over (NP next (QP 18 to 24) months)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) , (NP-SBJ MCI) (VP fell (NP-EXT $ 2.625 *U*) (PP-DIR to (NP $ 42.375 *U*))) .)) (TOP (S (NP-SBJ (NP Charles Schellke) , (NP (NP an analyst) (PP with (NP Smith Barney , Harris Upham & Co.))) ,) (VP said (SBAR 0 (S (NP-SBJ some investors) (ADVP apparently) (VP expected (NP (ADJP slightly better) revenue growth))))) .)) (TOP (S (NP-SBJ The company) (VP (VP said (SBAR that (S (NP-SBJ residential traffic) (VP grew (ADVP-MNR (ADVP faster) (PP than (NP business traffic))))))) and (VP attributed (NP that) (PP-CLR to (NP (NP its new PrimeTime calling plan) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP competes (PP-CLR with (NP (NP American Telephone & Telegraph 's) Reach Out America plan))))))))) .)) (TOP (S (NP-SBJ MCI) (VP claims (NP (NP (NP (QP about 12) %) (PP of (NP the overall long-distance telephone market))) but (NP (NP (QP just under 10) %) (PP of (NP the (ADJP (QP $ 23 billion) *U*) residential market))))) .)) (TOP (S (NP-SBJ-1 It) (VP has (VP been (VP trying (S (NP-SBJ *-1) (VP to (VP improve (NP (NP its share) (PP of (NP the residential market))))))))) .)) (TOP (S (NP-SBJ The company) (VP wants (S (NP-SBJ its business mix) (VP to (VP (ADVP-MNR more closely) match (NP (NP that) (PP of (NP AT&T))) -- (NP-ADV (NP a step) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP says (SBAR 0 (S (NP-SBJ-2 *T*-1) (VP will (VP help (S (NP-SBJ *-2) (VP prevent (NP cross subsidization))))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Akerson) (VP (VP said (SBAR 0 (S (NP-SBJ MCI) (VP recorded (NP `` (NP another solid (ADJP cash positive) quarter) , '' (NP (NP its fourth) (PP-LOC in (NP a row)))))))) , but (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (SBAR whether (S (NP-SBJ the company) (VP (VP is (VP considering (NP a dividend))) or (VP is (VP planning (NP any acquisition)))))))))))) .)) (TOP (S-1 (NP-SBJ The current quarter) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) `` (VP looks (ADJP-PRD fine)) .)) (TOP (S (NP-SBJ We) (VP think (SBAR (SBAR 0 (S (NP-SBJ-1 revenue) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP grow))))))) and (SBAR that (S (NP-SBJ we) (VP can (VP (VP control (NP costs)) and thus (VP improve (NP profitability)))))))) . '')) (TOP (NP Southwestern Bell Corp .)) (TOP (S (NP-SBJ Southwestern Bell Corp.) (VP said (SBAR 0 (S (NP-SBJ net) (VP dropped (NP-EXT 8.7 %) , (NP-ADV (NP mainly the result) (PP of (NP (NP four extraordinary items) : (NP (NP (NP a franchise tax refund) (SBAR (WHNP-1 that) (S (NP-SBJ its Southwestern Bell Telephone Co. unit) (VP received (NP *T*-1) (NP-TMP last year))))) ; (NP (NP a production shift) (PP of (NP several Yellow Pages directories)) (PP to (NP the fourth quarter)) (PP from (NP the third))) ; (NP (NP a rate refund) (PP-LOC in (NP Missouri))) and (NP (NP a one-time adjustment) (PP to (NP phone company revenues))))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP slipped (NP-EXT 1.2 %) (PP-DIR to (NP (QP $ 2.21 billion) *U*)) (PP-DIR from (NP (QP $ 2.23 billion) *U*))) .)) (TOP (S (NP-SBJ-1 The earnings drop) (VP had (VP been (VP expected (NP *-1)))) .)) (TOP (S (NP-SBJ Chairman Zane E. Barnes) (VP said (SBAR 0 (S (NP-SBJ-1 (NP Southwestern Bell 's) `` businesses) (VP (VP are (ADJP-PRD healthy)) and (VP are (VP continuing (S (NP-SBJ *-1) (VP to (VP grow))))))))) . '')) (TOP (S (NP-SBJ The company) (VP (VP reported (NP (NP a (ADJP 3.1 %) increase) (PP-LOC in (NP (NP the number) (PP of (NP access lines)) (PP-LOC in (NP service)))))) , and (ADVP also) (VP said (SBAR 0 (S (NP-SBJ its Southwestern Bell Mobile Systems unit) (VP added (NP 30,000 new customers) , (PP with (NP (NP a current total) (PP of (NP about 333,000))))))))) .)) (TOP (S (NP-SBJ Southwestern shares) (VP fell (NP-EXT 50 cents) (PP-DIR to (NP $ 55.875 *U*)) (PP-LOC in (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange))) .)) (TOP (NP Cincinnati Bell Inc .)) (TOP (S (NP-SBJ Cincinnati Bell Inc.) (VP said (SBAR 0 (S (NP-SBJ net) (VP declined (NP-EXT 1.8 %))))) .)) (TOP (S (NP-SBJ The company) (VP noted (SBAR that (S (NP-SBJ the year-ago period) (VP was (ADJP-PRD particularly strong) , (PP with (NP (NP an increase) (PP of (NP (QP nearly 70) %)))))))) .)) (TOP (S (NP-SBJ Revenue) (VP jumped (NP-EXT (QP nearly 17) %) (PP-DIR to (NP (QP $ 223.3 million) *U*)) (PP-DIR from (NP (QP $ 191.4 million) *U*))) .)) (TOP (S (PP-LOC In (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange)) , (NP-SBJ Cincinnati Bell) (VP fell (NP-EXT 25 cents) (PP-DIR to (NP $ 29 *U*))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR that (S (NP-SBJ (NP the number) (PP of (NP access lines))) (VP dropped (ADVP slightly) (PP-TMP in (NP the quarter)) , (NP-ADV (NP a decline) (VP attributed (NP *) (PP-CLR to (NP seasonal fluctuations)))))))) .)) (TOP (S (PP For (NP the year)) , (ADVP however) , (NP-SBJ (NP access lines) (PP-LOC in (NP service))) (VP have (VP increased (NP-EXT 5.5 %))) .)) (TOP (S (NP-SBJ Chairman D.H. Hibbard) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP has (VP set (NP (NP a new five year goal) (PP of (S-NOM (NP-SBJ-2 *-1) (VP doubling (NP revenues) (PP-CLR to (NP (QP about $ 1.8 billion) *U*)) (SBAR-TMP while (S (NP-SBJ *-2) (VP (ADVP-MNR steadily) increasing (NP net))))))))))))) .)) (TOP (S (NP-SBJ (NP Rockwell International Corp. 's) Tulsa unit) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP (NP a tentative agreement) (VP extending (NP (NP (NP its contract (S *ICH*-1)) (PP with (NP Boeing Co.))) (S-1 (NP-SBJ *) (VP to (VP provide (NP (NP structural parts) (PP for (NP (NP Boeing 's) 747 jetliners))))))))))))) .)) (TOP (S (NP-SBJ Rockwell) (VP said (SBAR 0 (S (NP-SBJ the agreement) (VP calls (SBAR-CLR for (S (NP-SBJ it) (VP to (VP supply (NP 200 additional so-called shipsets) (PP for (NP the planes)))))))))) .)) (TOP (S (NP-SBJ These) (VP include , (PP-LOC among (NP other parts)) , (NP (NP (NP each jetliner 's) two major bulkheads) , (NP a pressure floor) , (NP torque box) , (NP (NP fixed leading edges) (PP for (NP the wings))) and (NP an aft keel beam))) .)) (TOP (S (PP-LOC Under (NP the existing contract)) (PRN , (NP-SBJ Rockwell) (VP said) ,) (NP-SBJ it) (VP has (ADVP-TMP already) (VP delivered (NP (NP 793) (PP of (NP the shipsets))) (PP-CLR to (NP Boeing)))) .)) (TOP (S (NP-SBJ (NP Rockwell) , (VP based (NP *) (PP-LOC-CLR in (NP (NP El Segundo) , (NP Calif.) ,)))) (VP is (NP-PRD an (UCP aerospace , electronics , automotive and graphics) concern)) .)) (TOP (S (NP-SBJ-1 Frank Carlucci III) (VP was (VP named (NP *-1) (PP-CLR to (NP (NP this telecommunications company 's) board)) , (S-ADV (NP-SBJ *) (VP filling (NP (NP the vacancy) (VP created (NP *) (PP by (NP-LGS (NP the death) (PP of (NP William Sobey)) (NP-TMP last May))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Carlucci) , (ADJP (NP 59 years) old) ,) (VP served (PP-CLR as (NP defense secretary)) (PP-LOC in (NP the Reagan administration))) .)) (TOP (S (PP-TMP In (NP January)) , (NP-SBJ he) (VP accepted (NP (NP the position) (PP of (NP (NP vice chairman) (PP of (NP (NP Carlyle Group) , (NP a merchant banking concern))))))) .)) (TOP (NP SHEARSON LEHMAN HUTTON Inc .)) (TOP (S (NP-SBJ-2 (NP Thomas E. Meador) , (ADJP (NP 42 years) old) ,) (VP was (VP named (S (NP-SBJ *-2) (NP-PRD (NP (NP president) (PP *RNR*-1)) and (NP (NP chief operating officer) (PP *RNR*-1)) (PP-1 of (NP (NP Balcor Co.) , (NP (NP a (NAC-LOC Skokie , Ill. ,) subsidiary) (PP of (NP this New York investment banking firm))))))))) .)) (TOP (S (NP-SBJ (NP Balcor) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP interests) (PP-LOC in (NP real estate)))))) ,) (VP said (SBAR 0 (S (NP-SBJ the position) (VP is (ADVP newly) (VP created))))) .)) (TOP (S (NP-SBJ Mr. Meador) (VP had (VP been (NP-PRD (NP executive vice president) (PP of (NP Balcor))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP his previous real-estate investment and asset-management duties)))) , (NP-SBJ Mr. Meador) (VP takes (NP responsibility) (PP-CLR for (NP (NP development) and (NP property management)))) .)) (TOP (S (NP-SBJ-1 Those duties) (VP had (VP been (VP held (NP *-1) (PP by (NP-LGS (NP Van Pell) , (NP 44) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP resigned (PP-CLR as (NP an executive vice president)))))))))) .)) (TOP (S (NP-SBJ Shearson) (VP is (ADJP-PRD about 60%-held (PP by (NP American Express Co)))) .)) (TOP (S (NP-SBJ-1 Great American Bank) , (S-ADV (NP-SBJ *-1) (VP citing (NP depressed Arizona real estate prices))) , (VP posted (NP (NP a third-quarter loss) (PP of (NP (NP (QP $ 59.4 million) *U*) , or (NP (NP $ 2.48 *U*) (NP-ADV a share)))))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (NP-SBJ the savings bank) (VP had (NP (NP earnings) (PP of (NP (NP (QP $ 8.1 million) *U*) , or (NP (NP 33 cents) (NP-ADV a share)))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ it) (VP had (NP (NP a loss) (PP of (NP (NP (QP $ 58.3 million) *U*) , or (NP (NP $ 2.44 *U*) (NP-ADV a share))))) , (PP-TMP after (NP (NP earnings) (PP of (NP (NP (QP $ 29.5 million) *U*) , or (NP (NP $ 1.20 *U*) (NP-ADV a share))) , (PP-TMP in (NP the 1988 period)))))) .)) (TOP (S (NP-SBJ Great American) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP increased (NP its loan-loss reserves) (PP-EXT by (NP (QP $ 93 million) *U*)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP (VP reviewing (NP its loan portfolio))))) , (S-ADV (NP-SBJ *) (VP raising (NP its total loan and real estate reserves) (PP-DIR to (NP (QP $ 217 million) *U*)))))))) .)) (TOP (S (PP-TMP Before (NP the loan-loss addition)) (PRN , (NP-SBJ it) (VP said)) , (NP-SBJ it) (VP had (NP (NP operating profit) (PP of (NP (QP $ 10 million) *U*))) (PP-TMP for (NP the quarter))) .)) (TOP (S (NP-SBJ The move) (VP followed (NP (NP a round) (PP of (NP (NP similar increases) (PP by (NP other lenders)) (PP against (NP Arizona real estate loans))))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP a continuing decline) (PP-LOC in (NP that market)))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP the increased reserve)))) , (NP-SBJ the savings bank) (VP took (NP (NP a special charge) (PP of (NP (NP (QP $ 5 million) *U*) (VP representing (NP (NP general and administrative expenses) (PP from (NP (NP staff reductions) and (NP other matters))))))))) , and (S (NP-SBJ it) (VP posted (NP (NP a (ADJP (QP $ 7.6 million) *U*) reduction) (PP in (NP expected mortgage servicing fees))) , (S-ADV (NP-SBJ *) (VP reflecting (NP the fact (SBAR that (S (NP-SBJ more borrowers) (VP are (VP prepaying (NP their mortgages)))))))))) .)) (TOP (S (NP-SBJ Arbitragers) (VP were n't (NP-PRD the only big losers) (PP-LOC in (NP (NP the collapse) (PP of (NP UAL Corp. stock))))) .)) (TOP (S (NP-SBJ *) (VP Look (PP-CLR at (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happened (PP-CLR to (NP (NP (NP (NP UAL 's) chairman) , (NP Stephen M. Wolf)) , and (NP (NP its chief financial officer) , (NP John C. Pope))))))))) .)) (TOP (S (PP-TMP On (NP (NP a day) (SBAR (WHADVP-1 0) (S (S (NP-SBJ some United Airlines employees) (VP wanted (S (NP-SBJ-2 Mr. Wolf) (VP fired (NP *-2))))) and (S (NP-SBJ takeover stock speculators) (VP wanted (NP his scalp))) (ADVP-TMP *T*-1))))) , (NP-SBJ Messrs. Wolf and Pope) (VP saw (S (NP-SBJ-3 their prospective personal fortunes) (VP continue (S (NP-SBJ *-3) (VP to (VP plummet))) (SBAR-TMP *PPA*-5))) (SBAR-TMP-5 as (S (NP-SBJ-4 (NP shares) (PP of (NP (NP UAL) , (NP (NP United 's) parent company) ,))) (VP dived (NP-EXT $ 24.875 *U*) (PP-LOC on (NP the Big Board)) (S-CLR (NP-SBJ *-4) (VP to (VP close (PP-CLR at (NP $ 198 *U*))))))))) .)) (TOP (S (PP Including (NP (NP Monday 's) plunge)) , (NP-SBJ that) (VP has (VP given (NP the two executives) (NP (NP (NP paper losses) (PP of (NP (QP $ 49.5 million) *U*))) , (VP based (NP *) (PP-LOC-CLR on (SBAR (WHNP-1 what) (S (NP-SBJ they) (VP would (VP have (VP realized (NP *T*-1) (SBAR (SINV had (NP-SBJ (NP the pilots and management-led buy-out) (PP of (NP UAL))) (VP gone (ADVP-CLR through) (PP at (NP (NP $ 300 *U*) (NP-SBJ a share)))))))))))))))) .)) (TOP (SINV (SBAR-ADV (WHADVP-1 When) (S (NP-SBJ (NP bank financing) (PP for (NP the buy-out))) (VP collapsed (NP-TMP last week) (ADVP-TMP *T*-1)))) , (ADVP-CLR so) did (NP-SBJ (NP UAL 's) stock) (VP *?*) .)) (TOP (S (SBAR-ADV (ADVP Even) if (S (NP-SBJ the banks) (VP resurrect (NP a financing package) (PP at (NP (NP $ 250 *U*) (NP-ADV a share)))))) , (NP-SBJ the two executives) (VP would (ADVP-TMP still) (VP get (NP (NP (NP (QP about $ 25 million) *U*) less) (SBAR than (SBAR-NOM (WHNP-2 0) (S (NP-SBJ-1 they) (VP stood (S (NP-SBJ *-1) (VP to (VP gain (NP *T*-2) (PP-LOC in (NP the initial transaction)))))))))))) .)) (TOP (S (NP-SBJ Mr. Wolf) (VP (VP owns (NP 75,000 UAL shares)) and (VP has (NP options (S (NP-SBJ *) (VP to (VP buy (NP another 250,000) (PP at (NP (NP $ 83.3125 *U*) (NP-ADV each))))))))) .)) (TOP (S (PP-LOC In (NP the (ADJP $ 300-a-share *U*) buyout )) , (NP-SBJ that) (VP totaled (NP (QP about $ 76.7 million) *U*)) .)) (TOP (S (PP-TMP By (NP (NP (NP yesterday 's) close) (PP of (NP trading)))) , (NP-SBJ it) (VP was (ADJP-PRD good (PP for (NP a paltry (QP $ 43.5 million) *U*)))) .)) (TOP (S (PP Of (NP course)) , (NP-SBJ (NP Mr. Wolf) , (ADJP (NP 48 years) old) ,) (VP has (NP some savings)) .)) (TOP (S (S (NP-SBJ He) (VP left (NP (NP his last two jobs) (PP-LOC at (NP (NP Republic Airlines) and (NP Flying Tiger)))) (PP with (NP (NP combined stock-option gains) (PP of (NP (QP about $ 22 million) *U*)))))) , and (S (NP-SBJ UAL) (VP gave (NP him) (NP a (ADJP $ 15 million *U*) bonus) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP hired (NP him) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ His 1988 salary) (VP was (NP-PRD (NP $ 575,000 *U*) , (PP with (NP a (ADJP $ 575,000 *U*) bonus)))) .)) (TOP (S (NP-SBJ-1 The (ADJP 40-year old) Mr. Pope) (VP has n't (VP changed (NP jobs) (ADVP enough (PRN -- (NP (PP at (ADJP least)) the right ones) --) (S (NP-SBJ *) (VP to (VP stash (ADVP away) (NP (NP that kind) (PP of (NP money))))))))) .)) (TOP (S (S (NP-SBJ-3 United) (VP paid (NP him) (NP a (ADJP $ 375,000 *U*) bonus) (S-PRP (NP-SBJ *-3) (VP to (VP lure (NP him) (PP-DIR away (PP from (NP American Airlines)))))))) , and (S (NP-SBJ-2 he) (VP was (VP paid (NP *-2) (NP (NP a salary) (PP of (NP $ 342,122 *U*)) (PP *ICH*-1)) (NP-TMP last year) (PP-1 with (NP a (ADJP $ 280,000 *U*) bonus))))) .)) (TOP (S (NP-SBJ Mr. Pope) (VP (VP owns (NP 10,000 UAL shares)) and (VP has (NP options (S (NP-SBJ *) (VP to (VP buy (NP another 150,000) (PP at (NP (NP $ 69 *U*) (NP-ADV each))))))))) .)) (TOP (S (NP-SBJ That) (VP came (PP-DIR to (NP (NP (NP a combined (QP $ 37.7 million) *U*) (PP-LOC under (NP the (ADJP $ 300-a-share *U*) buy-out ))) , but (NP (NP just (QP $ 21.3 million) *U*) (PP-TMP at (NP (NP yesterday 's) close)))))) .)) (TOP (S (PP-TPC-5 Of (NP (NP the combined (QP $ 114.4 million) *U*) (SBAR (WHNP-2 0) (S (NP-SBJ-1 the two men) (VP were (VP scheduled (S (NP-SBJ *-1) (VP to (VP reap (NP *T*-2) (PP-LOC under (NP the buy-out))))))))))) , (NP-SBJ-3 they) (VP agreed (S (NP-SBJ *-3) (VP to (VP invest (PP-LOC-CLR in (NP the buy-out)) (NP (NP (QP just $ 15 million) *U*) (PP *T*-5))))) , (S-ADV (NP-SBJ *) (VP angering (NP (NP many) (PP of (NP (NP (NP the thousands) (PP of (NP workers))) (VP asked (NP-4 *) (S (NP-SBJ *-4) (VP to (VP make (NP pay concessions)))) (SBAR-PRP so (S (NP-SBJ the buy-out) (VP would (VP be (NP-PRD a success)))))))))))) .)) (TOP (S (NP-SBJ (NP United 's) directors) (VP voted (NP (NP themselves) , and (NP their spouses) ,) (NP (NP (NP (NP lifetime access) (PP to (NP the Friendly Skies))) (PRN -- (NP free first-class travel))) , and (NP (NP $ 20,000 *U*) (NP-ADV a year) (PP for (NP life)) (ADVP as well)))) .)) (TOP (S (ADVP Conceivably) , (PP-LOC in (NP a scaled-back buy-out)) , (NP-SBJ-1 they) (VP could (VP be (VP bumped (NP *-1) (ADVP-DIR back) (PP-CLR to (NP (NP coach seats) (PP for (NP life))))))) .)) (TOP (S (NP-SBJ-1 (NP Thomas H. Johnson) , (NP (NP president) (PP of (NP (NP the Coatedboard division) (PP of (NP Mead Corp.))))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP president) (PP of (NP (NP Manville Forest Products Corp.) , (NP a Manville unit)))) , and (NP (NP senior vice president) (PP of (NP Manville Corp))))))) .)) (TOP (S (NP-SBJ Mr. Johnson) (VP succeeds (NP (NP Harry W. Sherman) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP resigned (S-PRP (NP-SBJ *-2) (VP to (VP pursue (NP other interests))))))) ,) (PP-LOC in (NP both positions))) .)) (TOP (S (NP-SBJ Manville) (VP is (NP-PRD a building and forest products concern)) .)) (TOP (S (NP-SBJ US Facilities Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 Robert J. Percival) (VP agreed (S (NP-SBJ *-1) (VP to (VP step (ADVP-DIR down) (PP-CLR as (NP (NP vice chairman) (PP of (NP the insurance holding company))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP was (NP-PRD (NP a difference) (PP of (NP opinion)) (PP as (PP to (NP (NP the future direction) (PP of (NP the company)))))))) , '' (NP-SBJ a spokeswoman) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-1 Mr. Percival) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ US Facilities) (VP said (SBAR 0 (S (NP-SBJ (NP Mr. Percival 's) employment contract) (VP calls (SBAR-CLR for (S (NP-SBJ him) (VP to (VP act (PP-CLR as (NP (NP a consultant) (PP to (NP the company)))) (PP-TMP for (NP two years)))))))))) .)) (TOP (S-1 (S (NP-SBJ He) (VP will (ADVP also) (VP remain (NP-PRD a director)))) (PRN , (S (NP-SBJ US Facilities) (VP said (SBAR 0 (S *T*-1)) )) ,) but (S (NP-SBJ *) (VP wo n't (VP serve (PP-LOC-CLR on (NP any board committees))))) .)) (TOP (S (NP-SBJ-1 Mr. Percival) (VP will (VP be (VP succeeded (NP *-1) (PP-MNR on (NP an interim basis)) (PP by (NP-LGS (NP George Kadonada) , (NP US Facilities chairman and president)))))) .)) (TOP (S (PP-LOC In (NP the same statement)) , (NP-SBJ US Facilities) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (VP bought (ADVP-CLR back) (NP (NP 112,000) (PP of (NP its common shares))) (PP-LOC in (NP a private transaction))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ The buy-back) (VP represents (NP (NP (QP about 3) %) (PP of (NP (NP the company 's) shares)))) , (VP based (PP-LOC-CLR on (NP (NP the (QP 3.7 million) shares) (ADJP outstanding (PP-TMP as (PP of (NP Sept. 30))))))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) (NP-TMP yesterday) , (NP-SBJ US Facilities) (VP closed (PP-CLR at (NP $ 3.625 *U*)) , (ADJP unchanged)) .)) (TOP (S (NP-SBJ Three leading drug companies) (VP reported (NP (NP robust third-quarter earnings) , (VP bolstered (NP *) (PP by (NP-LGS (NP strong sales) (PP of (NP (NP newer , big-selling prescriptions drugs) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP provide (NP hefty profit margins))))))))))) .)) (TOP (S (S (NP-SBJ Merck & Co.) (VP reported (NP (NP a (ADJP 25 %) increase) (PP-LOC in (NP earnings))))) ; (S (S (NP-SBJ (NP Warner-Lambert Co. 's) profit) (VP rose (NP-EXT 22 %))) and (S (NP-SBJ (NP Eli Lilly & Co. 's) net income) (VP rose (NP-EXT 24 %)))) .)) (TOP (S (NP-SBJ The results) (VP were (PP-PRD in (NP (NP line) (PP with (NP (NP analysts ') expectations))))) .)) (TOP (NP-HLN Merck & Co .)) (TOP (S (NP-SBJ-1 (NP Merck) , (NP-LOC (NP Rahway) , (NP N.J.)) ,) (VP continued (S (NP-SBJ *-1) (VP to (VP lead (NP the industry) (PP with (NP (NP a strong sales performance) (PP-LOC in (NP the human and animal health-products segment)))))))) .)) (TOP (S (NP-SBJ A stronger U.S. dollar) (VP reduced (NP third-quarter and first-nine-month sales growth) (NP-EXT (NP (QP 2 % and 3 %) *U*) , (ADVP respectively))) .)) (TOP (S (NP-SBJ International sales) (VP accounted (PP-CLR for (NP (NP 47 %) (PP of (NP (NP total company sales) (PP for (NP the nine months)))))) , (PP compared (PP with (NP 50 %) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP the quarter))) (VP rose (PP-DIR to (NP (QP $ 1.63 billion) *U*)) (PP-DIR from (NP (QP $ 1.47 billion) *U*))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Mevacor) , (NP (NP Merck 's) new cholesterol-lowering drug) ,) (VP had (NP (NP higher sales) (SBAR than (S (NP-SBJ any other prescription medicine) (VP has (ADVP-TMP ever) (VP achieved (PP-LOC in (NP the U.S.)) (PP-TMP in (NP (NP the year) (PP following (NP introduction))))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1)) ) .)) (TOP (S (NP-SBJ-1 The drug) (VP was (VP introduced (NP *-1) (PP-LOC-CLR in (NP West Germany)) (NP-TMP this year))) .)) (TOP (S (NP-SBJ Intense competition) , (ADVP however) , (VP led (PP-DIR to (NP (NP unit sales declines) (PP for (NP (NP (NP a group) (PP of (NP (NP Merck 's) established human and animal-health products))) , (PP including (NP Aldomet and Indocin))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Merck shares) (VP closed (PP-CLR at (NP $ 75.25 *U*)) , (ADVP up (NP 50 cents))) .)) (TOP (NP-HLN Warner-Lambert Co .)) (TOP (S (NP-SBJ (NP Warner-Lambert) , (NP (NP Morris Plains) , (NP N.J.) ,)) (VP reported (NP (NP sales) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP were (NP-PRD (NP (NP a record) (PP for (NP any quarter))) and (NP (NP the eighth quarter) (PP in (NP a row)) (PP of (NP (QP 20 % or more) per-share earnings growth))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Spurred (PP by (NP-LGS (NP growth) (PP-LOC in (NP (NP world-wide sales) (PP of (NP (NP the company 's) prescription drugs)))))))) , (NP-SBJ-1 Warner-Lambert) (VP said (SBAR 0 (S (NP-SBJ 1989) (VP will (VP be (NP-PRD (NP the best year) (PP-TMP in (NP its history))) , (SBAR with (S (NP-SBJ-2 per-share earnings) (VP expected (S (NP-SBJ *-2) (VP to (VP increase (NP (QP more than 20) %) (PP-DIR to (NP (QP about $ 6.10) *U*))))))))))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP the quarter))) (VP rose (PP-DIR to (NP (QP $ 1.11 billion) *U*)) (PP-DIR from (NP (QP $ 1.03 billion) *U*))) .)) (TOP (S (S (NP-SBJ Prescription-drug world-wide sales) (VP rose (NP-EXT 9 %) (PP-TMP in (NP the quarter)) (PP-DIR to (NP (QP $ 340 million) *U*)))) ; (S (NP-SBJ U.S. sales) (VP rose (NP-EXT 15 %))) .)) (TOP (S (NP-SBJ-1 (NP The segment 's) growth) (VP was (VP led (NP *-1) (PP by (NP-LGS (NP sales) (PP of (NP (NP the cardiovascular drugs) (NP (NP (NP Lopid) , (NP a lipid regulator)) , and (NP (NP Dilzem) , (NP a calcium channel blocker))))))))) .)) (TOP (S (S (NP-SBJ (NP World-wide sales) (PP of (NP (NP (NP Warner-Lambert 's) non-prescription health-care products) , (PP such as (NP (NP Halls cough tablets) , (NP Rolaids antacid) , and (NP Lubriderm skin lotion))) ,))) (VP increased (NP-EXT 3 %) (PP-DIR to (NP (QP $ 362 million) *U*)) (PP-TMP in (NP the third quarter)))) ; (S (NP-SBJ U.S. sales) (VP rose (NP-EXT 5 %))) .)) (TOP (S (NP-SBJ Confectionery products sales) (ADVP also) (VP had (NP strong growth) (PP-TMP in (NP the quarter))) .)) (TOP (S (NP-SBJ (NP World-wide sales) (PP of (NP (NP Trident gum) , (NP Certs breath mints) , and (NP Clorets gum and breath mints) ,))) (VP increased (NP-EXT 12 %) (PP-DIR to (NP (QP $ 277 million) *U*))) .)) (TOP (S (NP-SBJ Warner-Lambert shares) (VP closed (PP-CLR at (NP (NP $ 109.50 *U*) (NP-ADV a share))) , (ADVP up (NP $ 1.50 *U*)) , (PP-LOC in (NP Big Board composite trading)) (NP-TMP yesterday)) .)) (TOP (NP-HLN Eli Lilly & Co .)) (TOP (S (NP-SBJ Lilly) (VP attributed (NP record third-quarter and nine-month results) (PP-CLR to (NP (NP world-wide gains) (PP for (NP (NP pharmaceuticals) , (NP medical instruments) and (NP plant-science products))) (PP despite (NP (NP (NP poor exchange rates) (PP for (NP the dollar))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP slowed (NP (NP sales) (ADVP-LOC abroad)))))))))) .)) (TOP (S (NP-SBJ-1 Earnings) (VP continued (S (NP-SBJ *-1) (VP to (VP pace (NP sales)))) (PP-PRP because of (NP (NP a lower tax rate) , (NP (NP profit) (PP from (NP (NP the renegotiation) (PP of (NP (NP the debt instrument) (VP received (NP *) (PP-CLR from (NP Faberge Inc.)) (PP in (NP (NP connection) (PP with (NP (NP (NP Lilly 's) sale) (PP of (NP Elizabeth Arden Inc.)) (PP-TMP in (NP 1987)))))))))))) , and (NP (NP net proceeds) (PP from (NP (NP the settlement) (PP of (NP patent litigation)) (PP-LOC at (NP (NP Lilly 's) Hybritech Inc. unit)))))))) .)) (TOP (S (NP-SBJ (NP Third-quarter sales) (PP of (NP the (NAC-LOC Indianapolis , Ind. ,) company))) (VP rose (NP-EXT 11 %) (PP-DIR to (NP (QP $ 1.045 billion) *U*)) (PP-DIR from (NP (QP $ 940.6 million) *U*))) .)) (TOP (S (NP-SBJ Nine-month sales) (VP grew (NP-EXT 12 %) (PP-DIR to (NP (QP $ 3.39 billion) *U*)) (PP-DIR from (NP (QP $ 3.03 billion) *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP (NP Prozac) , (NP an anti-depressant) ,))) (VP led (NP drug-sales increases)) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Higher sales) (PP of (NP (NP pesticides) and (NP other plant-science products)))) (VP (ADVP more than) offset (NP (NP a slight decline) (PP-LOC in (NP (NP the sales) (PP of (NP animal-health products))))) (S-CLR (NP-SBJ *) (VP to (VP fuel (NP (NP the increase) (PP-LOC in (NP world-wide agricultural product sales)))))))) , (NP-SBJ Lilly) (VP said (SBAR 0 (S *T*-1)) ) .)) (TOP (S (NP-SBJ (NP Advanced Cardiovascular Systems Inc.) and (NP Cardiac Pacemakers Inc. units)) (VP led (NP (NP growth) (PP-LOC in (NP the medical-instrument systems division)))) .)) (TOP (S (NP-SBJ Lilly shares) (VP closed (NP-TMP yesterday) (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the Big Board)))) (PP-CLR at (NP $ 62.25 *U*)) , (ADVP down (NP 12.5 cents))) .)) (TOP (S (NP-SBJ (NP Reuben Mark) , (NP (NP chairman) (PP of (NP Colgate-Palmolive Co.))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP is (ADJP-PRD `` comfortable '' (PP with (NP (NP analysts ') estimates (SBAR that (S (NP-SBJ third-quarter earnings) (VP rose (PP-DIR to (NP (NP (QP between 95 cents and $ 1.05) *U*) (NP-ADV a share))))))))))))) .)) (TOP (S (S (NP-SBJ That) (VP compares (PP-CLR with (NP (NP per-share earnings) (PP from (NP continuing operations)) (PP of (NP 69 cents) (ADVP-TMP (NP the year) earlier)))))) ; (S (PP including (NP discontinued operations)) , (NP-SBJ per-share) (VP was (NP-PRD 88 cents) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ The per-share estimates) (VP mean (SBAR 0 (S (NP-SBJ (NP the consumer-products company 's) net income) , (VP increased (PP-DIR to (NP (QP between $ 69.5 million and $ 76 million) *U*)) , (PP from (NP (NP (QP $ 47.1 million) *U*) (NP-TMP the year-before period))))))) .)) (TOP (S (NP-SBJ Analysts) (VP estimate (SBAR 0 (S (NP-SBJ (NP Colgate 's) world-wide third-quarter sales) (VP rose (NP-EXT about 8 %) (PP-DIR to (NP (QP $ 1.29 billion) *U*)))))) .)) (TOP (S (NP-SBJ Mr. Mark) (VP attributed (NP the earnings growth) (PP-CLR to (NP (NP strong sales) (PP in (NP-LOC (NP Latin America) , (NP Asia) and (NP Europe)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Results) (VP were (ADVP also) (VP bolstered (PP by (NP-LGS (NP `` a (ADJP very meaningful) '' increase) (PP-LOC in (NP operating profit)) (PP by (NP (NP Colgate 's) U.S. business))))))) , (NP-SBJ Mr. Mark) (VP said (SBAR 0 (S *T*-1)) ) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Operating profit) (PP-LOC at (NP (NP Colgate 's) U.S. household products and personal-care businesses))) (VP jumped (NP-EXT 25 %) (PP-TMP in (NP the quarter)))) , (NP-SBJ Mr. Mark) (VP added (SBAR 0 (S *T*-1)) ) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the improvement) (VP was (NP-PRD (NP a result) (PP of (NP (NP cost savings) (VP achieved (NP *) (PP by (S-NOM (NP-SBJ *) (VP (VP consolidating (NP manufacturing (NP operations))) , (VP blending (NP two sales organizations)) and (VP focusing (ADVP-MNR more carefully) (NP (NP the company 's) promotional activities))))))))))))) .)) (TOP (S (NP-SBJ (NP The estimated improvement) (PP-LOC in (NP (NP Colgate 's) U.S. operations))) (VP took (NP some analysts) (PP-CLR by (NP surprise))) .)) (TOP (S (NP-SBJ (NP (NP Colgate 's) household products business) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP (NP such brands) (PP as (NP (NP Fab laundry detergent) and (NP Ajax cleanser)))))))) , (VP has (VP been (NP-PRD a weak performer))) .)) (TOP (S (S (NP-SBJ Analysts) (VP estimate (SBAR 0 (S (NP-SBJ (NP (NP Colgate 's) sales) (PP of (NP household products)) (PP-LOC in (NP the U.S.))) (VP were (ADJP-PRD flat) (PP-TMP for (NP the quarter))))))) , and (S (NP-SBJ they) (VP estimated (NP operating margins) (PP-CLR at (NP (QP only 1 % to 3 %) *U*)))) .)) (TOP (SINV `` (S-TPC-3 (SBAR-ADV If (S (NP-SBJ you) (VP could (VP say (SBAR 0 (S (NP-SBJ (NP their business) (PP-LOC-2 in (NP the U.S.))) (VP was (ADJP-PRD-1 mediocre))) , but (S (ADJP=1 great) (ADVP=2 everywhere else))))))) , (NP-SBJ that) (VP would (VP be (ADJP-PRD fine)))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Bonita Austin) , (NP (NP an analyst) (PP-LOC with (NP Wertheim Schroder & Co)))) .)) (TOP (S `` But (S (NP-SBJ it) (VP 's not (ADJP-PRD mediocre))) , (S (NP-SBJ it) (VP 's (NP-PRD a real problem))) . '')) (TOP (S (NP-SBJ Mr. Mark) (VP conceded (SBAR that (S (NP-SBJ (NP (NP Colgate 's) domestic business) , (ADVP apart (PP from (NP its (ADJP highly profitable) (NP Hill 's) Pet Products unit))) ,) (VP has (VP lagged))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP 've (VP done (NP a lot) (S-CLR (NP-SBJ *) (VP to (VP improve (NP -LCB- U.S . -RCB- results)))))) , and (S (NP-SBJ-1 a lot more) (VP will (VP be (VP done (NP *-1)))))) , '' (NP-SBJ Mr. Mark) (VP said (S *T*-2)) .)) (TOP (S `` (S-NOM-SBJ (NP-SBJ *) (VP Improving (NP (NP profitability) (PP of (NP U.S. operations))))) (VP is (NP-PRD (NP an (ADJP extremely high) priority) (PP-LOC in (NP the company)))) . '')) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP focus (PP-LOC-CLR on (NP its global consumer-products business))))) , (NP-SBJ Colgate) (VP sold (NP its Kendall health-care business) (PP-TMP in (NP 1988))) .)) (TOP (S (NP-SBJ-1 H. Anthony Ittleson) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP (NP this company) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (ADVP primarily) (VP has (NP (NP interests) (PP-LOC in (NP radio and television stations)))))))))) , (S-ADV (NP-SBJ *) (VP increasing (NP (NP the number) (PP of (NP seats))) (PP-DIR to (NP five)))))) .)) (TOP (S (NP-SBJ Osborn) (ADVP also) (VP operates (NP (NP Muzak franchises) , (NP entertainment properties) and (NP small cable-television systems))) .)) (TOP (S (NP-SBJ Mr. Ittleson) (VP is (NP-PRD (NP executive) , (NP special projects) , (PP-LOC at (NP (NP CIT Group Holdings Inc.) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP controlled (NP *-1) (PP by (NP-LGS Manufacturers Hanover Corp)))))))))) .)) (TOP (S (NP-SBJ The Boston Globe) (VP says (SBAR 0 (S (NP-SBJ its (ADJP newly redesigned) pages) (VP have (NP a `` crisper '' look) (PP with (NP (NP revamped fixtures) (VP aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP making (S (NP-SBJ the paper) (ADJP-PRD `` (ADJP more consistent) '' and `` (ADJP easier (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP read (NP *T*-1)))))))))))))))))) . '')) (TOP (FRAG (ADVP Maybe so) -- (SBAR-ADV if (S (NP-SBJ you) (VP can (VP find (SBAR (WHADVP-1 where) (S (NP-SBJ your favorite writer) (VP went (ADVP-DIR *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Beantown scribes) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP spare (NP no invective) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ *) (VP taking (PRT on) (NP (NP local luminaries) (PP such as (NP (NP Michael `` Pee Wee '' Dukakis) , or (NP New England Patriots Coach Raymond `` Rev. Ray '' Berry)))) (ADVP-TMP *T*-3))))))) ,) (NP-TMP yesterday) (VP poured (NP ridicule) (PP-LOC-CLR on (NP (NP (NP new drawings) (PP of (NP Globe columnists))) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP replaced (NP (NP old photos) (PP-LOC in (NP the revamped pages))) (NP-TMP this week))))))) .)) (TOP (S (PP-TMP By (NP late last night)) , (NP-SBJ-1 Globe Managing Editor (NP Thomas Mulvoy)) , (S-ADV (NP-SBJ *-1) (VP bending (PP-DIR to (NP (NP the will) (PP of (NP his troops)))))) , (VP scrapped (NP the new drawings)) .)) (TOP (S (PP For (NP (NP a few days) (PP at (ADJP least)))) (PRN , (NP-SBJ he) (VP says) ,) (NP-SBJ (NP no pictures or drawings) (PP of (NP any kind))) (VP will (VP adorn (NP the columns))) .)) (TOP (S (NP-SBJ Trouble) (VP was , (SBAR-PRD 0 (S (NP-SBJ nobody) (VP thought (SBAR 0 (S (NP-SBJ they) (VP looked (ADJP-PRD right)))))))) .)) (TOP (S (NP-SBJ Globe columnist Mike Barnicle) (PRN -- (PP-LOC in (NP (NP the second attack) (PP-LOC on (NP his employer)) (PP-TMP in (NP as many weeks)))) --) (VP averred (SBAR that (S (NP-SBJ his shadowy countenance) (VP was (ADJP-PRD so bad , (SBAR 0 (S (NP-SBJ it) (VP looked `` (PP like (NP (NP a face) (SBAR (WHNP-2 0) (S (NP-SBJ you) (VP 'd (VP find (NP *T*-2) (PP-LOC-CLR on (NP (NP a bottle) (PP of (NP (NP miracle elixir) (SBAR (WHNP-1 that) (S (NP-SBJ-3 (NP-SBJ *T*-1)) (VP promises (S (NP-SBJ *-3) (VP to (VP do (ADVP-CLR away) (PP-CLR with (NP diarrhea)) (PP-TMP in (NP our lifetime)))))))))))))))))))))))))) . '')) (TOP (S (NP-SBJ Mr. Barnicle) (VP reminded (NP readers) (SBAR that (S (NP-SBJ he) (ADVP-TMP still) (VP has n't (VP forgiven (NP-4 Globe management) (PP-CLR for (S-NOM (NP-SBJ *-4) (VP questioning (NP (NP a (ADJP $ 20 *U*) expense chit) (SBAR (WHNP-1 0) (S (NP-SBJ-2 he) (VP submitted (NP *T*-1) (PP-PRP for (S-NOM (NP-SBJ-3 *-2) (VP parking (NP his car) (SBAR-TMP while (S (NP-SBJ *-3) (VP chasing (NP a story))))))))))))))))))) .)) (TOP (S `` (S-TPC-4 (NP-SBJ I) (VP thought (S -LCB- (NP-SBJ the drawing) -RCB- (NP-PRD (NP a cross) (PP-LOC between (NP (NP (NP someone) (SBAR (WHNP-2 0) (S (NP-SBJ-3 you) (VP 'd (VP spot (S (NP-SBJ *-3) (VP whipping open (NP his trench coat)))))))) ... or (NP (NP a guy) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP boasted (SBAR 0 (S (NP-SBJ he) (VP 'd (VP been (NP-PRD (NP Charles Manson 's) roommate) (PP-TMP for (NP the last 19 years)))))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-4)) .)) (TOP (S (NP-SBJ Mr. Barnicle) (VP was (ADJP-PRD hardly kinder) (PP to (NP (NP the renderings) (PP of (NP (NP colleagues) (NP (NP (NP Michael Madden) (PRN -LRB- `` (S (NP-SBJ-2 *) (VP appears (S (NP-SBJ *-2) (VP to (VP be (NP-PRD a pervert)))))) '' -RRB-)) , (NP (NP Will McDonough) (PRN -LRB- `` (S (NP-SBJ *) (VP looks (SBAR as if (S (NP-SBJ he) (VP drove (PP for (NP Abe Lincoln))))))) '' -RRB-)) or (NP (NP Bella English) , (SBAR (WHNP-1 whose `` little girl) (S (NP-SBJ *T*-1) (ADVP-TMP now) (VP screams (ADVP-MNR hysterically) (NP-TMP (NP every time) (SBAR (WHADVP-3 0) (S (NP-SBJ she) (VP sees (NP a newspaper) (ADVP-TMP *T*-3))))))))))))))) . '')) (TOP (S (NP-SBJ (NP (NP Lynn Staley) , (NP (NP (NP the Globe 's) assistant managing editor) (PP for (NP design)))) ,) (VP acknowledges (SBAR that (S (NP-SBJ the visages) (VP were `` (PP-LOC-PRD on (NP (NP the low end) (PP of (NP the likeness spectrum)))))))) . '')) (TOP (S (NP-SBJ (NP Rival Boston Herald columnist Howie Carr) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP usually) (VP rails (PP-CLR at (NP Statehouse `` hacks '' and nepotism))))) ,) (VP argued (SBAR that (S (NP-SBJ-2 the new drawings) (VP were (VP-3 designed (NP *-2) (S-CLR (NP-SBJ *-3) (VP to (VP hide (NP (NP (NP Mr. Madden 's) `` (ADJP rapidly growing) forehead '') and (NP (NP the facial defects) (PP of (NP (NP `` chinless '' Dan Shaughnessy) , (NP a Globe sports columnist))))))))))))) .)) (TOP (SINV `` (S-2 But (NP-SBJ *) (VP think (PP of (NP (NP the money) (SBAR (WHNP-1 0) (S (NP-SBJ (NP you) , (NP the reader) ,) (VP will (VP save (NP *T*-1) (PP-CLR on (NP Halloween)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ Mr. Barnicle) .)) (TOP (S `` (PP Instead of (S-NOM (NP-SBJ *) (VP buying (NP masks) (PP-BNF for (NP your kids))))) , (NP-SBJ *) (ADVP just) (VP cut (PRT out) (NP (NP the columnists ') pictures)) ... .)) (TOP (SINV (ADJP-PRD-TPC-1 Deeply ingrained (PP-LOC in (NP both (NP (NP (NP the book review `` (NX-TTL (S-NOM (NP-SBJ *) (VP Kissing (NP Nature) (NP-CLR Good-bye)))) '') (PP by (NP Stephen MacDonald))) (PRN -LRB- (NP (NP Leisure & Arts) , (NP-TMP Sept. 27)) -RRB-)) and (NP (NP the books) (VP reviewed (NP *)))))) (VP is (ADJP-PRD *T*-1)) (NP-SBJ the assumption (SBAR that (S (NP-SBJ global warming) (VP is (ADVP entirely) (NP-PRD (NP a result) (PP of (NP human activity))))))) .)) (TOP (SQ Is (NP-SBJ-1 such a view) (VP justified (NP *-1)) ?)) (TOP (SQ (PP In (NP (NP the absence) (PP of (NP humans)))) , would (NP-SBJ the Earth) (VP enjoy (NP a constant climate) (PP-TMP over (NP the long term))) ?)) (TOP (FRAG (ADVP Clearly not .))) (TOP (S (ADVP-TMP (NP About 20,000 years) ago) (NP-SBJ the last ice age) (VP ended) .)) (TOP (S (NP-SBJ Enormous ice sheets) (VP retreated (PP-DIR from (NP (NP the face) (PP of (NP (NP North America) , (NP northern Europe) and (NP Asia)))))) .)) (TOP (S (S (NP-SBJ This global warming) (VP must (VP have (VP been (ADJP-PRD entirely natural))))) -- (S (NP-SBJ nobody) (VP would (VP blame (NP it) (PP-CLR on (NP (NP a few hundred thousand hunter-gatherers) (VP (VP hunting (NP mammoths)) and (VP scratching around (PP-LOC in (NP caves))))))))) .)) (TOP (S (ADVP Furthermore) , (NP-SBJ-1 no bell) (VP has (ADVP-TMP yet) (VP rung (S (NP-SBJ *-1) (VP to (VP announce (NP (NP the end) (PP of (NP (NP this immense episode) (PP of (NP natural global warming)))))))))) .)) (TOP (S (NP-SBJ It) (VP (VP is (ADVP probably) (VP continuing)) and (VP may (ADVP well) (VP account (PP-CLR for (NP (NP (NP most) (PP of (NP *RNR*-1))) , or (NP (NP all) (PP of (NP *RNR*-1))) , (NP-1 present-day global warming)))))) .)) (TOP (S (S (NP-SBJ I) (VP bow (PP-DIR to (NP no one)) (PP in (NP (NP my regard) (PP for (NP our terrestrial heritage)))))) , but (S (SBAR-ADV if (S (NP-SBJ we) (VP are (ADJP-PRD serious (PP about (NP global warming)))))) (NP-SBJ we) (VP must (VP (VP look (PP-CLR at (NP the big picture))) and (VP not allow (S (NP-SBJ the Dominant Culture) (VP to (VP lock (NP us) (PP-CLR into (NP the capitalist-exploiters-greedy-American-consumers-global - warming scenario)) (PP-CLR as (NP (NP the sole model) (PP for (NP discussion))))))))))) .)) (TOP (FRAG (NP Jocelyn Tomkin) (NP (NP Astronomy Department) (NP (NP University) (PP of))))) (TOP (S (NP-SBJ-1 The Internal Revenue Service) (VP plans (S (NP-SBJ *-1) (VP to (VP restructure (NP itself) (PP-CLR (ADVP more) like (NP a private corporation)))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the tax-collecting agency) (VP says (SBAR that (S (NP-SBJ it) (VP will (VP take (NP (NP the unusual step) (PP of (S-NOM (NP-SBJ-2 *) (VP looking (PP-CLR to (NP the private sector)) (S-PRP (NP-SBJ *-2) (VP to (VP fill (NP (NP (NP two new high-level positions) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP guide (NP the 120,000-employee agency) (ADVP *T*-3)))))) : (NP (NP (NP a comptroller) (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP to (VP oversee (NP daily finances)))))) and (NP (NP a chief information officer) (SBAR (WHNP-5 0) (S (NP-SBJ *T*-5) (VP to (VP update (NP (NP the information system) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP (NP probably the largest computer data base) (PP-LOC in (NP the world)))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ The IRS) (ADVP also) (VP said (SBAR that (S (NP-SBJ it) (VP would (VP create (NP (NP the position) (PP of (NP (NP chief financial officer) , (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP hired (NP *-1) (PP-LOC from (PP within (NP the agency)))))))))))))))) .)) (TOP (S (NP-SBJ IRS Commissioner Fred T. Goldberg) (VP said (SBAR 0 (S (NP-SBJ-2 the changes) (VP are (VP intended (S (NP-SBJ *-2) (VP to (VP bring `` (NP accountability) '' (PP-DIR to (NP (NP the agency) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP has (NP (NP an annual budget) (PP of (NP (QP more than $ 5 billion) *U*)))) and (VP collects (NP (NP (QP about $ 1 trillion) *U*) (NP-ADV a year)))))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP My assessment) and (NP (NP everyone 's) assessment)) (VP is (SBAR-PRD that (S (NP-SBJ we) (VP do not (VP have (NP (NP (NP the kinds) (PP of (NP information))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP let (S (NP-SBJ us) (VP (ADVP-MNR responsibly and effectively) formulate and execute (NP our budget))))))))))))) , '' (NP-SBJ Mr. Goldberg) (VP said (S *T*-2)) .)) (TOP (S `` And (NP-SBJ we) (VP do n't (VP have (NP (NP internal controls and discipline) (SBAR (WHNP-1 that) (S (NP-SBJ-2 we) (VP need (S (NP-SBJ *-2) (VP to (VP have (NP *T*-1)))) (S-PRP (NP-SBJ *) (VP to (VP spend (NP (QP $ 5 billion) *U*) (ADVP-MNR properly)))))))))) . '')) (TOP (S (NP-SBJ-1 (NP Mr. Goldberg) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP took (PRT over) (PP-CLR as (NP (NP head) (PP of (NP the IRS)))) (PP-TMP in (NP July))))) ,) (VP has (VP been (VP disturbed (NP *-1) (PP by (SBAR-NOM-LGS (WHNP-3 what) (S (NP-SBJ he) (VP considers (S (NP-SBJ *T*-3) (NP-PRD (NP the inefficiency , waste and lack) (PP of (NP coordination)) (PP-LOC among (NP (NP the branches) (PP of (NP the vast federal agency))))))))))))) .)) (TOP (S (NP-SBJ The IRS) (VP operates (PP on (NP (NP a computer system) (VP designed (NP *) (PP-TMP in (NP 1961))) , (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP has (VP been (VP trying (S (NP-SBJ *) (VP to (VP modernize (NP *T*-1)))) (PP-TMP for (NP years)))))))))) .)) (TOP (S And (NP-SBJ (NP the agency) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP operated (PP-TMP throughout (NP fiscal 1989)) (PP with (NP a (ADJP $ 360 million *U*) budget shortfall))))) ,) (VP has (VP been (PP-LOC-PRD under (NP a hiring freeze)) (PP-TMP since (NP last fall)))) .)) (TOP (S (NP-SBJ The new commissioner) (VP says (SBAR that (S (NP-SBJ (NP closer scrutiny) (PP of (SBAR (WHADVP how) (S (NP-SBJ the agency) (VP uses (NP its resources)))))) (VP will (VP go (NP (NP a long way) (PP toward (S-NOM (NP-SBJ *) (VP enhancing (NP its ability (S (NP-SBJ *) (VP to (VP collect (NP more tax revenue)))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP think (SBAR that (S (NP-SBJ you) (VP will (VP see (NP (NP (NP a significant improvement) (PP-LOC in (NP the budget formulation and execution process))) (SBAR (WHNP-1 which) , (S (PP in (NP turn)) , (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ *T*-1) (VP will (VP result (PP-CLR in (NP (NP a significant increase) (PP-LOC in (NP revenue)))))))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ-1 The IRS) (VP hopes (S (NP-SBJ *-1) (VP to (VP fill (NP the new positions) (ADVP-TMP soon))))) .)) (TOP (S (S (ADVP Customarily) , (NP-SBJ it) (VP would (VP appoint (NP career civil servants) (PP-LOC from (NP within (NP the agency)))))) , but (S (NP-SBJ Mr. Goldberg) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP plans (S (NP-SBJ *-1) (VP to (VP `` scour (NP the world) '' (PP-CLR for (NP (NP the chief information officer) and (NP the comptroller))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the jobs) (VP will (ADVP probably) (VP pay (NP (NP (QP between $ 70,000 and $ 80,000) *U*) (NP-ADV a year)))))) , (NP-SBJ IRS officials) (VP are (ADJP-PRD confident (SBAR that (S (NP-SBJ they) (VP can (VP attract (NP (NP top-notch candidates) (PP from (NP the private sector))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ You) (VP 're (VP telling (NP someone) (SBAR 0 (S (NP-SBJ-1 they) (VP can (VP spend (NP (NP (QP the next three or four or five or six) years) (PP of (NP their life))) (S (NP-SBJ *-1) (VP bringing (PRT about) (NP (NP the (ADJP most difficult and costly) modernization) (PP of (NP (NP an information system) (PP on (NP the civil side)))) (X ever))))))))))) , '' (NP-SBJ Mr. Goldberg) (VP said (S *T*-2)) .)) (TOP (S `` (PP-LOC On (NP the comptroller side)) , (NP-SBJ you) (VP 're (VP (VP developing (NP *RNR*-1)) and (VP making (S (VP work) (NP-SBJ *RNR*-1))) (NP-1 (NP financial controls) (VP governing (NP a (ADJP (QP $ 6 billion) *U*) budget))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 (NP Maj. Moises Giroldi) , (NP (NP the leader) (PP of (NP (NP the abortive coup) (PP-LOC in (NP Panama))))) ,) (VP was (VP buried (NP *-1) (ADVP-TMP *T*-2))))) , (NP-SBJ his body) (VP bore (NP (NP several gunshot wounds) , (NP a cracked skull) and (NP broken legs and ribs))) .)) (TOP (S (NP-SBJ They) (VP were (NP-PRD (NP the signature) (PP of (NP (NP his adversary) , (NP Panamanian leader Manuel Antonio Noriega))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ-2001 (NP (NP The rebel officer 's) slow and painful death) , (PP at (NP (NP the headquarters) (PP of (NP (NP Panama 's) Battalion-2000 squad)))) ,) (VP was (VP (ADVP-MNR personally) supervised (NP *-2001) (PP by (NP-LGS Gen. Noriega))))) , (VP says (SBAR 0 (S *T*-1)) ) (NP-SBJ (NP a U.S. official) (PP with (NP (NP access) (PP to (NP intelligence reports))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Leaping (PP-DIR into (NP rages)))) , (S-ADV (NP-SBJ *-2) (VP sinking (PP-DIR into (NP (NP bouts) (PP of (NP drunkenness and mistrust)))))) , (NP-SBJ-2 Mr. Noriega) (VP has (VP put (PP-CLR to (NP death)) (NP (NP some 70) (PP of (NP (NP his troops) (VP involved (NP *) (PP-LOC-CLR in (NP the coup)))))) , (PP according (PP to (NP (NP U.S. officials) (VP monitoring (NP (NP (NP crematoriums) and (NP funeral parlors)) (PP-LOC in (NP Panama City))))))))) .)) (TOP (S (NP-SBJ He) (VP is (ADVP-TMP now) (VP changing (NP (NP the place) (SBAR (WHADVP-1 0) (S (NP-SBJ he) (VP sleeps (ADVP-LOC *T*-1))))) (NP-TMP (NP every night) , (NP-ADV (NP (QP sometimes more than once)) (NP-ADV a night))))) .)) (TOP (S (NP-SBJ His meals) (VP are (ADVP-TMP most often) (VP prepared (PP by (NP-LGS (NP (NP women) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP trusts (NP *T*-1))))) -- (NP (NP (NP his full-time mistress) , (NP Vicky Amado)) , and (NP (NP her mother) , (NP Norma))))))) .)) (TOP (S And (NP-SBJ he) (VP is (VP collecting (NP (NP the names) (PP of (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP telephoned (NP the coup-makers) (S-PRP (NP-SBJ *) (VP to (VP congratulate (NP them)))) (PP-TMP during (NP (NP their brief time) (PP in (NP (NP control) (PP of (NP his headquarters)))))))))))))) .)) (TOP (FRAG (NP (NP More enemies) (SBAR (WHNP-1 0) (S (NP-SBJ-2 *T*-1) (VP to (VP be (VP dealt (PP with (NP *-2))))))) .))) (TOP (S (PP-TMP In (NP (NP the two weeks) (PP-TMP since (NP (NP the rebellion) , (SBAR (WHNP-1 which) (S (NP-SBJ the U.S.) (VP (ADVP hesitantly) backed (NP *T*-1)))))))) , (NP-SBJ-2 Mr. Noriega) (VP has (VP been (PP-PRD at (NP his most brutal (PRN - and efficient -))) (PP in (S-NOM (NP-SBJ *-2) (VP maintaining (NP power)))))) .)) (TOP (S (ADVP Yet) , (SBAR-ADV while (S (NP-SBJ the failed coup) (VP is (NP-PRD a major U.S. foreign policy embarrassment)))) , (NP-SBJ it) (VP is (NP-PRD (NP merely the latest chapter) (PP in (NP (NP a byzantine relationship) (PP-LOC between (NP (NP Mr. Noriega) and (NP Washington))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stretches (ADVP-CLR back) (NP-TMP three decades)))))))) .)) (TOP (S (NP-SBJ (NP (NP America 's) war) (PP-LOC on (NP the dictator)) (PP-TMP over (NP the past two years))) , (PP-TMP following (NP (NP his indictment) (PP on (NP drug charges)) (PP-TMP in (NP February 1988)))) , (VP is (NP-PRD (NP the legacy) (PP of (NP that relationship)))) .)) (TOP (S (SBAR-TMP Before (S (NP-SBJ-1 American foreign policy) (VP set (PRT out) (S (NP-SBJ *-1) (VP to (VP destroy (NP Noriega))))))) , (NP-SBJ it) (VP helped (VP create (NP him) (PP out (PP of (NP (NP the crucible) (PP of (NP (NP (NP Panama 's) long history) (PP of (NP conspirators and pirates))))))))) .)) (TOP (S (PP-TMP For (NP (QP most of the past 30) years)) , (NP-SBJ the marriage) (VP was (NP-PRD (NP one) (PP of (NP convenience)))) .)) (TOP (S (PP-TMP In (NP 1960)) , (PP for (NP example)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Mr. Noriega) (VP was (NP-PRD both (NP (NP a cadet) (PP-LOC at (NP (NP an elite military academy) (PP-LOC in (NP Peru))))) and (NP (NP a spy-in-training) (PP for (NP the U.S. Defense Intelligence Agency)))) (ADVP-TMP *T*-1)))) , (NP-SBJ-3 he) (VP was (VP detained (NP *-3) (PP by (NP-LGS Lima authorities)) (PP-PRP for (S-NOM (NP-SBJ *) (ADVP allegedly) (VP (VP raping (NP *RNR*-2)) and (VP (ADVP-MNR savagely) beating (NP *RNR*-2)) (NP-2 a prostitute)))) , (PP according (PP to (NP (NP a U.S. Embassy cable) (PP-TMP from (NP that period))))))) .)) (TOP (S (NP-SBJ The woman) (VP had (VP (ADVP nearly) died)) .)) (TOP (S But (NP-SBJ U.S. intelligence) , (SBAR rather than (S (NP-SBJ *) (VP (VP rein (ADVP-CLR in) (NP *RNR*-3)) or (VP cut (ADJP loose) (NP *RNR*-3)) (NP-3 its new spy)))) , (ADVP merely) (VP filed (NP the report) (ADVP-CLR away)) .)) (TOP (S (NP-SBJ-1 (NP (NP Mr. Noriega 's) tips) (PP on (NP (NP emerging leftists) (PP-LOC at (NP his school))))) (VP were (VP deemed (S (NP-SBJ *-1) (ADJP-PRD more important (PP to (NP U.S. interests)))))) .)) (TOP (S (PP-TMP From (NP that point on)) , (NP-SBJ the U.S.) (VP would (VP make (NP a practice) (PP of (S-NOM (NP-SBJ *) (VP overlooking (NP (NP the Panamanian 's) misadventures)))))) .)) (TOP (S (NP-SBJ The U.S.) (VP has (VP (VP befriended (NP *RNR*-4)) and (VP (ADVP-TMP later) turned (PP against (NP *RNR*-4))) (NP-4 (NP many dictators) , but (NP (NP none) (ADJP quite so resourceful))))) .)) (TOP (S (NP-SBJ The 55-year-old Mr. Noriega) (VP is n't (ADJP-PRD (ADJP as smooth (PP as (NP (NP the shah) (PP of (NP Iran))))) , (ADJP as well-born (PP as (NP (NP Nicaragua 's) Anastasio Somoza))) , (ADJP as imperial (PP as (NP (NP Ferdinand Marcos) (PP of (NP the Philippines))))) or (ADJP as bloody (PP as (NP (NP Haiti 's) Baby Doc Duvalier))))) .)) (TOP (S Yet (NP-SBJ he) (VP has (VP proved (ADJP-PRD (ADJP more resilient) (PP than (NP (NP any) (PP of (NP them))))))) .)) (TOP (S And (ADVP out (PP of (NP necessity))) : (S (NP-SBJ-1 The U.S.) (VP can (VP (VP make (NP mistakes)) and (ADVP still) (VP hope (S (NP-SBJ *-1) (VP to (VP remove (NP him) (PP-CLR from (NP power))))))))) , but (S (NP-SBJ (NP a single error) (PP on (NP his part))) (VP could (VP cost (NP him) (NP his life)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The U.S.) (VP underestimated (NP Noriega) (ADVP-TMP all along))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Ambler Moss) , (NP (NP a former Ambassador) (PP to (NP Panama)))) .)) (TOP (S `` (NP-SBJ He) (VP has (VP mastered (NP (NP the art) (PP of (NP survival))))) . '')) (TOP (S (PP In (S-NOM (NP-SBJ *) (VP keeping (PP-CLR with (NP (NP (NP America 's) long history) (PP of (S-NOM (NP-SBJ *) (VP propping (PRT up) (NP Mr. Noriega))))))))) , (NP-SBJ recent U.S. actions) (VP have (VP (VP extended) (CONJP rather than) (VP shortened) (NP his survival))) .)) (TOP (SINV-1 (S (NP-SBJ Mr. Noriega) (VP might (VP have (VP fallen (PP of (NP his own weight)) (PP-TMP in (NP 1988)) (PP-PRP because of (NP (NP Panama 's) dire economic situation)))))) , (VP says (SBAR 0 (SINV *T*-1)) ) (NP-SBJ Mr. Moss) , but (S (NP-SBJ increasing external pressure) (VP has (ADVP only) (VP given (NP him) (NP (NP (NP additional excuses) (PP for (NP repression))) , and (NP (NP a scapegoat) (PP for (NP his own mismanagement))))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ the U.S.) (VP had (VP (VP sat (ADVP-CLR back)) and (VP done (NP nothing)))))) , (NP-SBJ he) (VP might not (VP have (VP made (NP it) (PP-TMP through (NP 1988)))))) , '' (NP-SBJ Mr. Moss) (VP contends (S *T*-1)) .)) (TOP (S (ADJP Perhaps most important) , (NP-SBJ-1 (NP Mr. Noriega 's) allies) (VP have (VP intervened (S (NP-SBJ *-1) (VP to (VP encourage (PRN -- (PP in (NP some cases)) , (S (NP-SBJ *-1) (VP to (VP demand))) --) (SBAR that (S (NP-SBJ the dictator) (VP maintain (NP (NP his grip) (PP of (NP the throne))))))))))) .)) (TOP (S (NP-SBJ One Colombian drug boss) , (SBAR-TMP upon (S-NOM (NP-SBJ *) (VP hearing (PP-TMP in (NP 1987)) (SBAR that (S (NP-SBJ Gen. Noriega) (VP was (VP negotiating (PP-CLR with (NP the U.S.)) (S-PRP (NP-SBJ *) (VP to (VP abandon (NP his command) (PP-CLR for (NP a comfortable exile)))))))))))) , (VP sent (NP him) (NP (NP a hand-sized mahogany coffin) (VP engraved (NP *) (PP-CLR with (NP his name))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ He) (VP is (ADJP-PRD cornered))) , '' (VP says (S *T*-2)) (NP-SBJ (NP the Rev. Fernando Guardia) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP led (NP (NP Catholic Church opposition) (PP against (NP Noriega)))))))) .)) (TOP (S `` (NP-SBJ The Americans) (VP have (VP left (S (NP-SBJ him) (PP-PRD without (NP a way out))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-6)) (VP is (ADJP-PRD easy) (S-6 (NP-SBJ *) (VP to (VP fight))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ you) (VP do n't (VP have (NP any other option) (ADVP-TMP *T*-1)))))) . '')) (TOP (FRAG (NP (NP (NP His chief advantage) (PP-LOC in (NP the fight))) : (NP (NP his intimate knowledge) (PP of (NP American ways and weaknesses)))) .)) (TOP (S (NP-SBJ Mr. Noriega) (ADVP-TMP often) (VP tells (NP friends) (SBAR that (S (NP-SBJ patience) (VP is (NP-PRD (NP the best weapon) (PP against (NP (NP the gringos) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (NP (NP a short attention span) and (NP (NP little stomach) (PP for (NP lasting confrontation)))))))))))))) .)) (TOP (S (NP-SBJ The U.S.) (VP discovered (NP the young Tony Noriega) (PP-TMP in (NP late 1959)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP was (PP-PRD in (NP (NP his second year) (PP-LOC at (NP (NP the Chorrillos Military Academy) (PP in (NP Lima)))))) (ADVP-TMP *T*-1)))) , (PP according (PP to (NP former U.S. intelligence officials)))) .)) (TOP (S (NP-SBJ The contact) (VP occurred (PP through (NP (NP (NP Mr. Noriega 's) half-brother) , (NP (NP a Panamanian diplomat) (VP based (NP *) (PP-LOC-CLR in (NP Peru))) (VP named (S (NP-SBJ *) (NP-PRD Luis Carlos Noriega Hurtado))))))) .)) (TOP (S (NP-SBJ-2 Luis Carlos) , (S-ADV (NP-SBJ *-2) (VP knowing (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP helping (NP the Americans))) (VP could (VP advance (NP (NP the career) (PP of (NP any Panamanian officer))))))))) , (VP relayed (NP (NP (NP Tony 's) reports) (PP on (NP (NP the leftist tendencies) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP observed (NP *T*-1) (PP-LOC-CLR (PP among (NP his fellow students)) and , (ADVP more important) , (PP among (NP his officers and instructors)))))))))) .)) (TOP (S (NP-SBJ-1 A spy) (VP was (VP born (NP *-1))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD a heady experience) (PP for (NP (NP the pockmarked and (ADJP slightly built) Mr. Noriega) , (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP was (VP known (NP *-1) (PP-CLR to (NP his friends)) (PP-CLR as (NP (NP Cara la Pina) -- (NP pineapple face)))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Born (NP (NP the illegitimate son) (PP of (NP (NP his father 's) maid))))) , (NP-SBJ-1 he) (VP was (VP raised (NP *-1) (PP-LOC on (NP (NP the mean streets) (PP of (NP (NP the central market district) (PP of (NP Panama City)))))))) .)) (TOP (S (NP-SBJ Tony) (VP (VP was (ADJP-PRD (ADJP (NP four years) older) (PP than (NP (NP most) (PP of (NP his fellow cadets)))))) , and (VP gained (NP (NP admission) (PP to (NP the academy))) (SBAR-PRP because (S (NP-SBJ his brother) (VP had (VP falsified (NP his birth certificate))))))) .)) (TOP (S (NP-SBJ He) (VP considered (S (NP-SBJ himself) (ADJP-PRD intellectually superior (PP to (NP (NP his Peruvian peers) , (SBAR (WHNP-1 many (WHPP of (WHNP whom))) (S (NP-SBJ *T*-1) (VP were (NP-PRD (NP wayward sons) (VP sent (NP *) (PP by (NP-LGS their well-off families)) (PP-CLR to (NP the (ADJP highly disciplined) , French-modeled academy)) (PP as (NP (NP a sort) (PP of (NP reform school)))))))))))))) .)) (TOP (S (S-TPC-1 (PP-LOC In (NP his peaked military cap and (ADJP neatly pressed) , French-made uniform)) , (NP-SBJ Noriega) (VP felt (ADJP-PRD (ADJP more respected and powerful) (PP than (NP-ADV (NP ever) (PP-TMP in (NP his underprivileged life))))))) , (NP-SBJ (NP friends) (PP from (NP the period))) (VP say (SBAR 0 (S *T*-1)) ) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ He) (VP had (NP (NP an elegant uniform) (PP with (NP gold buttons))) (PP-LOC in (NP (NP a country) (SBAR-LOC (SBAR (WHADVP-2 where) (S (NP-SBJ there) (VP was (NP-PRD (NP a cult) (PP of (NP militarism))) (ADVP-LOC *T*-2)))) , (SBAR (WHADVP-1 where) (S (NP-SBJ officers) (VP were (NP-PRD (NP the elite) (PP with (NP special privileges))) (ADVP-LOC *T*-1))))))))) , '' (VP recalls (S *T*-3)) (NP-SBJ (NP Darien Ayala) , (NP (NP (NP a fellow student) (PP-LOC in (NP Peru))) and (NP a lifelong friend))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Mr. Noriega 's) relationship) (PP to (NP American intelligence agencies))) (VP became (ADJP-PRD contractual) (PP-TMP in (NP either 1966 or 1967)))) , (NP-SBJ intelligence officials) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP (NP His commanding officer) (PP-LOC at (NP the Chiriqui Province garrison))) , (NP Major Omar Torrijos) ,) (VP gave (NP him) (NP (NP an intriguing assignment) : (S (NP-SBJ Mr. Noriega) (VP would (VP organize (NP (NP the province 's) first intelligence service)))))) .)) (TOP (S (NP-SBJ The spy network) (VP would (VP (VP serve (NP-1 two clients) (PP-MNR *NOT*)) : (VP (VP (NP=1 the Panamanian government) , (PP-MNR by (S-NOM (NP-SBJ *) (VP monitoring (NP (NP political opponents) (PP-LOC in (NP the region))))))) , and (VP (NP=1 the U.S.) , (PP-MNR by (S-NOM (NP-SBJ *) (VP tracking (NP (NP the growing Communist influence) (PP-LOC in (NP (NP the unions) (VP organized (NP *) (PP-LOC-CLR at (NP (NP (NP United Fruit Co. 's) banana plantations) (PP-LOC in (NP (NP Bocas del Toros) and (NP Puerto Armuelles)))))))))))))))) .)) (TOP (S (NP-SBJ United Fruit) (VP was (NP-PRD (NP one) (PP of (NP (NP the two largest contributors) (PP to (NP (NP Panama 's) national income)))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Satisfying (NP its interests))) (VP was (NP-PRD a priority) (PP for (NP any Panamanian leader))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Mr. Noriega 's) initial retainer) (VP was (NP-PRD (NP (NP (QP only $ 50 *U* to $ 100) *U*) (NP-ADV a month)) , plus (NP (NP occasional gifts) (PP of (NP liquor or groceries)) (PP from (NP the American PX)))))) , (NP-SBJ a former intelligence official) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP (NP modest pay) (PP by (NP American standards))) , but (NP (NP a healthy boost) (PP to (NP (NP his small military salary) , (SBAR (WHNP-1 which) (S (NP-SBJ fellow officers) (VP remember (PP-CLR as (S-NOM (NP-SBJ *T*-1) (VP having (VP been (NP-PRD (NP (QP $ 300 *U* to $ 400) *U*) (ADVP monthly)))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ He) (VP did (NP it) (ADVP-MNR very well))) , '' (VP recalls (S *T*-2)) (NP-SBJ (NP Boris Martinez) , (NP (NP a former Panamanian colonel) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP managed (NP (NP Mr. Noriega) and (NP his operation))))))) .)) (TOP (S `` (NP-SBJ He) (VP started (VP building (NP (NP the files) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP helped (S (NP-SBJ him) (VP gain (NP power))))))))) . '')) (TOP (S (NP-SBJ (NP A National Guard job) (VP assumed (NP *) (PP by (NP-LGS Capt. Noriega)) (PP-TMP in (NP 1964))) (PRN -- (PP as (NP (NP chief) (PP of (NP (NP the transit police) (PP in (NP (NP David City) , (NP (NP capital) (PP of (NP the Chiriqui Province))))))))) --)) (VP was (ADJP-PRD tailor-made (PP for (NP an aspiring super-spy)))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-2) (VP pressuring (NP (NP taxi and bus drivers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP needed (NP licenses)))))))) , (NP-SBJ-2 he) (VP gained (NP (NP a ready cache) (PP of (NP information)))) .)) (TOP (S (NP-SBJ He) (VP knew (SBAR (SBAR (WHNP-4 which local luminaries) (S (NP-SBJ-1 *T*-4) (VP had (VP been (VP caught (NP *-1) (VP driving (ADVP-MNR drunk))))))) , (SBAR (WHNP-3 which) (S (NP-SBJ-2 *T*-3) (VP had (VP been (VP found (NP *-2) (PP with (NP their mistresses))))))))) .)) (TOP (S (NP-SBJ This) (VP proved (ADJP-PRD particularly valuable (PP to (NP the Panamanian government))) (PP-TMP in (NP (NP 1967) , (SBAR (WHADVP-2 when) (S (NP-SBJ union leaders) (VP were (VP planning (NP (NP a May Day march) (SBAR (WHNP that) (S (NP-SBJ the government) (VP feared (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP could (VP turn (ADJP-PRD violent))))))))) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (NP-SBJ Mr. Noriega) (VP had (VP learned (SBAR that (S (NP-SBJ a local union leader) (VP was (VP sleeping (PP-CLR with (NP (NP the wife) (PP of (NP his deputy)))))))))) .)) (TOP (S So (NP-SBJ he) (VP splashed (NP the information) (PP-LOC-CLR on (NP (NP handbills) (SBAR (WHNP-3 that) (S (NP-SBJ he) (VP distributed (NP *T*-3) (PP-CLR throughout (NP (NP the banana-exporting city) (PP of (NP (NP Puerto Armuelles) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP ruled (NP *-1) (PP by (NP-LGS United Fruit Co)))))))))))))))) .)) (TOP (S (NP-SBJ The campaign) (VP (ADVP-CLR so) divided (NP union leaders) (SBAR that (S (NP-SBJ the government) (VP found (S (NP-SBJ them) (ADJP-PRD far easier (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP control (NP *T*-1))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP was (PP-PRD like (NP (NP a play) (PP-LOC on (NP Broadway)))))) , '' (VP recalls (S *T*-1)) (NP-SBJ Mr. Martinez) .)) (TOP (S `` (NP-SBJ Noriega) (VP managed (NP the whole thing)) .)) (TOP (S (NP-SBJ He) (VP was (ADJP-PRD superb)) .)) (TOP (S (NP-SBJ Noriega) (VP was (NP-PRD (NP an expert) (PP at (S-NOM (NP-SBJ *) (VP bribing and blackmailing (NP people)))))) . '')) (TOP (S (PP-TMP During (NP (NP his years) (PP-LOC in (NP Chiriqui)))) , (ADVP however) , (NP-SBJ Mr. Noriega) (ADVP also) (VP revealed (S (NP-SBJ himself) (PP-PRD as (NP (NP an officer) (ADJP (ADJP as perverse) (SBAR as (S (NP-SBJ he) (VP was (ADJP-PRD ingenious))))))))) .)) (TOP (S (NP-SBJ (NP Rodrigo Miranda) , (NP a local lawyer and human-rights monitor) ,) (VP recalls (NP (NP an intoxicated Noriega) (VP visiting (NP prisoners) (PP-LOC-CLR in (NP (NP their cells) (PP-LOC at (NP (NP the 5th Zone Garrison headquarters) (PP-LOC in (NP (NP David) , (SBAR (WHADVP-1 where) (S (NP-SBJ he) (VP had (NP his offices) (ADVP-LOC *T*-1))))))))))))) .)) (TOP (S (NP-SBJ Mr. Noriega) (VP would (VP order (NP-1 (NP them) (ADVP all)) (S (NP-SBJ *-1) (VP to (VP (VP take off (NP their clothes)) and (VP run (PP-LOC-CLR around (NP the courtyard)) (ADVP-MNR naked))))) , (S-ADV (NP-SBJ *) (VP (VP laughing (PP-CLR at (NP them))) and (ADVP then) (VP retreating (PP-DIR to (NP his office))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ People) (VP started (VP wondering (SBAR if (S (NP-SBJ something) (VP was (ADJP-PRD wrong (PP with (NP him))))))))) , '' (NP-SBJ Mr. Miranda) (VP recalls (S *T*-1)) .)) (TOP (S But (PP-TMP through (NP this period)) , (ADVP (ADVP so far) (SBAR as (S (NP-SBJ-1 the U.S. military) (VP was (VP concerned (NP *-1)))))) , (NP-SBJ Mr. Noriega) (VP was (NP-PRD a model recruit)) .)) (TOP (S (NP-SBJ He) (VP signed (PRT up) (PP-CLR for (NP (NP intelligence and counter-intelligence training) (PP-LOC under (NP American officers)) (PP-LOC at (NP (NP Fort Gulick) (PP-LOC in (NP Panama)))))) (PP-TMP in (NP July 1967)) , (PP according (PP to (NP (NP a copy) (PP of (NP (NP a 1983 resume) (PP with (NP (NP details) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Noriega) (VP has (ADVP-TMP since) (VP classified (NP *T*-1) (PP-CLR as (ADJP secret)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP flew (PP-DIR to (NP (NP Fort Bragg) , (NP N.C.) ,)) (PP-TMP in (NP (NP September) (PP of (NP that year)))) (PP-PRP for (NP (NP a course) (PP in (NP psychological operations)))) , (S-ADV (NP-SBJ *) (VP returning (PP-DIR to (NP (NP the School) (PP of (NP the Americas)) (PP-LOC in (NP Panama)))) (PP-PRP for (NP (NP a two-month course) (VP called (S (NP-SBJ *) `` (NP-PRD (NP military intelligence) (PP for (NP officers)))))))))) . '')) (TOP (S (S (NP-SBJ Some American officers) (VP interpreted (NP his eagerness and studiousness) (PP-CLR as (NP (NP a sign) (PP of (NP loyalty)))))) , but (S (NP-SBJ they) (VP did (ADVP-CLR so) (ADVP falsely))) .)) (TOP (S (NP-SBJ He) (VP rose (PP-DIR to (NP (NP chief) (PP of (NP intelligence)) (PP in (NP (NP Panama 's) socalled G-2)))) (PP-TMP in (NP 1970)) (PP-TMP after (S-NOM (NP-SBJ *) (VP providing (NP populist dictator (NP Torrijos)) (NP the critical support (S (NP-SBJ *) (VP to (VP defeat (NP (NP a coup attempt) (PP against (NP him)) (ADVP-TMP (NP a year) earlier)))))))))) .)) (TOP (S (NP-SBJ He) (VP became (NP-PRD (NP (NP Gen. Torrijos 's) inseparable shadow) , and (NP (NP the holder) (PP of (NP (NP all Panama 's) secrets))))) .)) (TOP (S (NP-SBJ (NP Mr. Noriega) , (PP-TMP by (NP now)) (NP a lieutenant colonel) ,) (VP expanded (S (NP-SBJ his contacts) (VP to (VP include (NP (NP the Cubans) -- (CONJP not to mention) (NP (NP the Israelis) , (NP the Taiwanese) and (NP (NP any other intelligence service) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP came (VP knocking))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ U.S. diplomats) (VP complained (PP-CLR to (NP the CIA)) (PP of (NP (NP Col. Noriega 's) moonlighting)) (ADVP-TMP *T*-1)))) , (NP-SBJ intelligence experts) (ADVP-TMP always) (VP insisted (SBAR that (S (NP-SBJ his allegiance) (VP was (PP-PRD (ADVP first) to (NP the Americans)))))) .)) (TOP (SINV `` (S-TPC-1 (ADVP-TMP Early on (PP in (NP the State Department))) , (NP-SBJ we) (VP took (PP-CLR to (S-NOM (NP-SBJ *) (VP calling (NP him) (NP the rent-a-colonel))))) , (PP in (NP (NP tribute) (PP to (NP his ability (S (NP-SBJ *) (VP to (VP (ADVP simultaneously) milk (NP (NP the antagonistic intelligence services) (PP of (NP (NP Cuba) and (NP the United States)))))))))))) , '' (VP recalls (S *T*-1)) (NP-SBJ (NP Francis J. McNeil) , (SBAR (WHNP-2 who) , (S (PP-TPC-3 as (NP (NP deputy assistant secretary) (PP of (NP state)) (PP for (NP inter-American affairs)))) , (NP-SBJ *T*-2) (ADVP first) (VP ran (PP across (NP (NP reports) (PP about (NP Mr. Noriega)))) (PP-TMP in (NP 1977)) (PP *T*-3))))) .)) (TOP (S `` (NP-SBJ (NP Some) (PP of (NP us))) (VP wondered (SBAR (WHADVP how) (S (NP-SBJ our intelligence people) (VP could (VP put (NP so much stock) (PP-PUT in (NP his information)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP was (ADJP-PRD (ADJP just as close) (PP to (NP the Cubans))) (ADVP-TMP *T*-1))))))))) . '')) (TOP (S (PP-TMP (ADVP Even) at (NP this early stage)) , (NP-SBJ drugs) (VP caused (NP additional concerns)) .)) (TOP (S (PP-TMP During (NP the Nixon administration)) , (NP-SBJ the Drug Enforcement Administration) (VP became (VP dismayed (PP-CLR at (NP (NP the extent) (PP of (NP (NP (NP the G-2 's) connections) (PP to (NP arrested drug traffickers)))))))) .)) (TOP (S (NP-SBJ One DEA agent) (VP drew (PRT up) (NP (NP a list) (PP of (NP (NP (NP five options) (PP for (S-NOM (NP-SBJ *) (VP dealing (PP-CLR with (NP Col. Noriega)))))) , (SBAR (WHNP-1 one (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP was (NP-PRD assassination)))))))) .)) (TOP (S (NP-SBJ (NP (NP The head) (PP of (NP the DEA)) (PP-TMP at (NP the time))) , (NP John Ingersoll) ,) (VP scotched (NP the assassination plan)) .)) (TOP (S But (NP-SBJ-1 he) (VP did (VP fly (PP-DIR to (NP Panama)) (S-PRP (NP-SBJ *-1) (VP to (VP scold (NP dictator Torrijos) (PP on (NP (NP the drug ties) (PP of (NP (NP Panamanian officials) , (PP including (NP Mr. Noriega))))))))))) .)) (TOP (S (NP-SBJ Mr. Ingersoll) (ADVP-TMP later) (VP recalled (SBAR that (S (NP-SBJ Gen. Torrijos) (VP seemed (ADJP-PRD afraid (S (NP-SBJ *) (VP to (VP act (PP-CLR on (NP (NP the concerns) (PP of (NP the U.S)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Everybody) (VP was (ADJP-PRD afraid (PP of (NP him))))) , '' (NP-SBJ Mr. Ingersoll) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Noriega) (VP became (NP-PRD an (ADJP even greater) threat) (PP-TMP in (NP (NP 1976) , (SBAR (WHADVP-1 when) (S (NP-SBJ U.S. intelligence services) (VP discovered (SBAR that (S (NP-SBJ he) (VP had (VP been (VP buying (NP (NP recordings) (PP of (NP (ADJP electronically monitored) conversations))) (PP-CLR from (NP (NP three sergeants) (VP working (PP-CLR for (NP (NP the U.S. Army 's) 470th Military Intelligence Group))))) (ADVP-TMP *T*-1)))))))))))) .)) (TOP (S (NP-SBJ The tapes) (VP included (NP (NP wiretaps) (PP of (NP (NP Gen. Torrijos 's) own phone))) , (PP according (PP to (NP American intelligence officials)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP caught (NP him) (PP with (NP (NP his hands) (PP on (NP our cookie jar)))))) , '' (VP says (S *T*-1)) (NP-SBJ former CIA Director Stansfield Turner) .)) (TOP (S (S-TPC-1 (S (PP-TMP For (NP the first time)) , (NP-SBJ the U.S.) (VP considered (VP cutting (NP Mr. Noriega) (PP-CLR from (NP its intelligence payroll))))) -- and (S (NP-SBJ the deliberations) (VP were (ADJP-PRD intense)))) , (NP-SBJ Mr. Turner) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S `` (PP-LOC In (NP (NP the world) (PP of (NP intelligence)))) , (SBAR-ADV if (S (NP-SBJ-1 you) (VP want (S (NP-SBJ *-1) (VP to (VP get (NP information))))))) , (NP-SBJ you) (VP get (NP it) (PP-CLR from (NP seedy characters))) .)) (TOP (S (NP-SBJ The question) (VP is (SBAR-PRD (WHADVP-1 how much) (S (NP-SBJ-2 you) (VP get (S (NP-SBJ *-2) (VP tied (PRT in) (PP-CLR with (NP seedy characters)) (SBAR-ADV so (S (NP-SBJ they) (VP can (VP extort (NP you))))) (ADVP *T*-1))))))) . '')) (TOP (S (NP-SBJ Intelligence officials) (PP-TMP to (NP this day)) (VP worry (SBAR whether (S (NP-SBJ Mr. Noriega) (VP sold (NP (NP sensitive information) (PP on (NP the recordings))) (PP-DTV to (NP (NP the Cubans) or (NP others))))))) .)) (TOP (S (NP-SBJ-1 Mr. Turner) (VP was (VP troubled (NP *-1) (ADVP enough (S (NP-SBJ *) (VP to (VP cancel (NP (NP the U.S. contract) (PP with (NP the rent-a-colonel))) (PP-TMP at (NP (NP the beginning) (PP of (NP the Carter administration)))))))))) .)) (TOP (S (NP-SBJ The U.S.) (ADVP-TMP soon) (VP found (NP (NP (NP new cause) (PP for (NP concern))) : (NP gun-running))) .)) (TOP (S (NP-SBJ (NP Prosecutors) (PP in (NP Southern Florida))) (VP indicted (NP five Panamanians) (PP-CLR on (NP (NP charges) (PP of (S-NOM (NP-SBJ *) (VP (ADVP-MNR illegally) running (NP arms) (PP-DTV to (NP (NP Sandinista rebels) (VP trying (S (NP-SBJ *) (VP to (VP overthrow (NP (NP the Nicaraguan government) (PP of (NP Mr. Somoza))))))))))))))) .)) (TOP (S (NP-SBJ They) (VP included (NP (NP (NP one) (PP of (NP (NP (NP Mr. Noriega 's) closest friends and business partners) , (NP Carlos Wittgreen)))))) .)) (TOP (S And (NP-SBJ the investigators) (VP were (ADVP-MNR quickly) (VP closing (PRT in) (PP-CLR on (NP (NP Mr. Noriega) (NP himself))))) .)) (TOP (S (PP At (NP the time)) , (ADVP though) , (PP-TMP in (NP 1979)) , (NP-SBJ the U.S.) (VP was (ADVP once again) (VP flirting (PP-CLR with (NP its longtime Latin American spy)))) .)) (TOP (S (NP-SBJ Mr. Noriega) (VP made (NP plans (S (NP-SBJ *) (VP to (VP fly (PP-DIR to (NP Washington)) (PP-PRP for (NP (NP a meeting) (PP with (NP (NP his counterpart) (PP-LOC at (NP the Pentagon))))))))))) .)) (TOP (S (NP-SBJ-1 Dade County and federal authorities) , (S-ADV (NP-SBJ *-1) (VP learning (SBAR that (S (NP-SBJ-2 he) (VP intended (S (NP-SBJ *-2) (VP to (VP fly (PP-LOC through (NP Miami)))))))))) , (VP made (NP plans (S (NP-SBJ *) (VP to (VP arrest (NP him) (PP-CLR on (NP the gun-running charges)) (ADVP-TMP (ADVP as soon) (SBAR as (S (NP-SBJ he) (VP hit (NP U.S. soil)))))))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP a Friday) (PP in (NP June)))) .)) (TOP (S (NP-SBJ The Pentagon) (VP foiled (NP the plan)) .)) (TOP (S (PP According (PP to (NP (NP military officers) (PP-TMP at (NP the time))))) , (NP-SBJ-2 word (SBAR *ICH*-1)) (VP was (VP passed (NP *-2) (PP-DTV to (NP Mr. Noriega)) (PP by (NP-LGS his American hosts)) (SBAR-1 that (S (NP-SBJ the police) (VP would (VP be (VP waiting))))))) .)) (TOP (S (PP-TMP On (NP Monday)) , (NP-SBJ U.S. officials) (VP received (NP a (ADJP routine , unclassified) message) (PP-CLR from (NP (NP the military group commander) (PP-LOC in (NP Panama))))) .)) (TOP (S `` (S-TPC-2 (PP Due to (NP health reasons)) , (NP-SBJ-1 Lt. Col. Noriega) (VP has (VP elected (S (NP-SBJ *-1) (VP to (VP postpone (NP (NP his visit) (PP to (NP Washington))))))))) , '' (NP-SBJ it) (VP read (S *T*-2)) .)) (TOP (S (NP-SBJ (NP Prosecutors) (PP-LOC in (NP Miami))) (VP received (NP yet another setback)) .)) (TOP (S (NP-SBJ-1 (NP Their original indictment) (PP against (NP (NP (NP Mr. Wittgreen) , (NP (NP the friend) (PP of (NP Mr. Noriega)))) , and (NP the other four)))) (VP was (VP dismissed (NP *-1) (PP-CLR on (NP a technicality)))) .)) (TOP (S But (ADVP-TMP now) , (ADVP along (PP with (S-NOM (NP-SBJ *-2) (VP reindicting (NP (NP Mr. Noriega 's) pal))))) , (NP-SBJ-2 they) (VP intended (S (NP-SBJ *-2) (VP to (VP charge (NP (NP Mr. Noriega) (NP himself)) , (PP on (NP allegations (SBAR that (S (NP-SBJ-1 he) (VP was (VP involved (NP *-1) (PP-LOC-CLR in (NP (NP the illegal trading) (PP of (NP (NP (QP some $ 2 million) *U*) (PP in (NP arms)))))))))))))))) .)) (TOP (S (PP-TMP In (NP January 1980)) , (NP-SBJ-1 Jerome Sanford) , (PP as (NP assistant U.S. attorney)) , (VP was (VP summoned (NP *-1) (PP-CLR to (NP (NP a meeting) (PP with (NP (NP (NP a Federal Bureau) (PP of (NP Investigation)) agent) (VP assigned (NP *) (PP-CLR to (NP (NP the Bureau) (PP of (NP Alcohol , Tobacco and Firearms)) (PP-LOC in (NP Miami))))))))))) .)) (TOP (S-2 (NP-SBJ Panamanian dictator (NP Torrijos)) (PRN , (S (NP-SBJ-1 he) (VP was (VP told (NP *-1) (SBAR 0 (S *T*-2)) ))) ,) (VP had (VP granted (NP (NP the shah) (PP of (NP Iran))) (NP (NP asylum) (PP-LOC in (NP Panama))) (PP as (NP (NP a favor) (PP to (NP Washington)))))) .)) (TOP (S (NP-SBJ-1 Mr. Sanford) (VP was (VP told (NP *-1) (SBAR 0 (S (NP-SBJ (NP (NP Mr. Noriega 's) friend) , (NP Mr. Wittgreen) ,) (VP would (VP be (VP handling (NP (NP the shah 's) security)))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP It) (S *EXP*-1)) (VP would n't (VP be (NP-PRD a good idea) (S-1 (NP-SBJ *) to (VP (VP indict (NP-4 him) (ADVP=5 *NOT*)) -- (VP (ADVP-5 much less) (NP=4 Mr. Noriega))))))) , (NP-SBJ-2 the prosecutor) (VP was (VP told (NP *-2) (SBAR 0 (S *T*-3)))) .)) (TOP (S (PP-TMP After (NP (NP prodding) (PP from (NP Mr. Sanford)))) , (NP-SBJ U.S. Attorney Jack Eskenazi) (VP pleaded (PP-CLR with (NP (NP Justice Department officials) (PP-LOC in (NP Washington)))) (S-CLR (NP-SBJ *) (VP to (VP let (S (NP-SBJ the indictment) (VP proceed)))))) .)) (TOP (S-3 `` (ADVP Unfortunately) (PRN , '' (S (NP-SBJ Mr. Eskenazi) (VP wrote (SBAR 0 (S *T*-3)) (PP-LOC-CLR in (NP a letter)))) ,) `` (NP-SBJ (NP those) (PP of (NP us)) (PP-LOC in (NP (NP law enforcement) (PP-LOC in (NP Miami))))) (VP find (S (NP-SBJ-2 ourselves) (VP (VP (ADVP-TMP frequently) attempting (S (NP-SBJ *-2) (VP to (VP enforce (NP (NP the laws) (PP of (NP the United States))))))) but (VP (ADVP-TMP simultaneously) being (VP caught (NP *-2) (PP-LOC-CLR between (NP (NP foreign policy considerations) (SBAR (WHPP-1 over (WHNP which)) (S (NP-SBJ we) (VP have (NP (NP no control) (PP *T*-1)))))))))))) . '')) (TOP (S (NP-SBJ The letter) , (ADVP along (PP with (NP a detailed prosecution memo))) , (VP sat (PP-LOC-CLR on (NP (NP the desks) (PP of (NP Justice officials)))) (PP-TMP for (NP months)) (SBAR-TMP before (S (NP-SBJ the case) (VP died (NP a quiet death))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP think (SBAR 0 (S (SBAR-ADV if (S (NP-SBJ-3 we) (VP had (VP been (VP allowed (S (NP-SBJ *-3) (VP to (VP go (ADVP-DIR ahead))))))))) (ADVP then) (NP-SBJ we) (VP would n't (VP have (NP (NP the problems) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP have (NP *T*-1) (ADVP-TMP now))))))))))) , '' (NP-SBJ Mr. Sanford) (VP says (S *T*-2)) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ-1 he) (VP had (VP been (VP found (S (NP-SBJ *-1) (ADJP-PRD guilty))))))) , (NP-SBJ we) (VP could (VP have (VP stopped (NP him)))) . '')) (TOP (S (PP-TMP In (NP August 1983)) , (NP-SBJ Mr. Noriega) (VP took (PRT over) (PP-CLR as (NP (NP (NP General) (PP *RNR*-2)) and (NP (NP de-facto dictator) (PP *RNR*-2)) (PP-2 of (NP Panama)))) , (S-ADV (NP-SBJ *) (VP having (VP maneuvered (NP his way) (PP-DIR to (NP the top)) (PP-TMP (NP only two years) after (NP (NP the mysterious death) (PP-LOC in (NP a plane crash)) (PP of (NP his old boss Omar Torrijos)))))))) .)) (TOP (S (ADVP-TMP Soon) , (NP-SBJ the military) (VP became (NP-PRD (NP a veritable mafia) (VP controlling (NP legal and illegal businesses)))) .)) (TOP (S (NP-SBJ The Reagan administration) (ADVP also) (VP put (NP (NP Mr. Noriega 's) G-2) (ADVP-PUT back (PP on (NP the U.S. payroll)))) .)) (TOP (S (NP-SBJ (NP Payments) (PP *ICH*-3)) (VP averaged (NP (NP (QP nearly $ 200,000) *U*) (NP-ADV a year)) (PP-3 from (NP (NP the U.S. Defense Intelligence Agency) and (NP the CIA)))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ *-1) (VP working (PP-CLR for (NP U.S. intelligence))))) , (NP-SBJ-1 Mr. Noriega) (VP was (VP (ADVP hardly) helping (NP the U.S.) (ADVP-MNR exclusively))) .)) (TOP (S (PP-TMP During (NP the Reagan years)) (NP-SBJ he) (VP expanded (NP (NP his business and intelligence contacts) (PP with (NP (NP the Cubans) and (NP the Sandinistas))))) .)) (TOP (S (NP-SBJ He) (ADVP allegedly) (VP entered (PP-DIR into (NP (NP (NP Panama 's) first formal business arrangement) (PP with (NP Colombian drug bosses)))) , (PP according (PP to (NP (NP Floyd Carlton) , (NP (NP a pilot) (SBAR (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP once) (VP worked (PP-CLR for (NP Mr. Noriega))))) and (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP testified (PP-LOC-CLR before (NP (NP the U.S. grand jury) (PP-LOC in (NP Miami)) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP would (ADVP-TMP ultimately) (VP indict (NP the Panamanian) (PP-CLR on (NP drug charges))))))))))))))))) .)) (TOP (S-1 But (NP-SBJ-5 Mr. Noriega) (VP was (VP convinced (NP *-5) (SBAR 0 (S (NP-SBJ the Reagan White House) (VP would n't (VP act (PP-CLR against (NP him)))))))) (PRN , (SINV (VP recalls (SBAR 0 (S *T*-1)) ) (NP-SBJ (NP his close ally) (NP Jose Blandon))) ,) (SBAR-PRP because (S (NP-SBJ he) (VP had (NP (NP an insurance policy) : (NP (NP his involvement) (PP with (NP (NP the Contra rebels) (PP-LOC in (NP Nicaragua))))))))) .)) (TOP (S (NP-SBJ Mr. Blandon) (VP says (SBAR 0 (S (NP-SBJ the general) (VP allowed (S (NP-SBJ the Contras) (VP to (VP set (PRT up) (NP a secret training center) (PP-LOC-CLR in (NP Panama))))))))) .)) (TOP (S (NP-SBJ Mr. Noriega) (ADVP also) (VP conveyed (NP (NP intelligence) (PP from (NP (NP his spy operation) (PP-LOC inside (NP (NP the Nicaraguan capital) (PP of (NP Managua)))))))) .)) (TOP (S And (PP-TMP on (NP (QP at least one) occasion)) , (PP-TMP in (NP (NP the spring) (PP-TMP of (NP 1985)))) , (NP-SBJ he) (VP helped (VP arrange (NP (NP a sabotage attack) (PP on (NP (NP a Sandinista arsenal) (PP-LOC in (NP Nicaragua))))))) .)) (TOP (SINV (S-3 (SBAR-ADV Although , (S (NP-SBJ-1 (NP his help) (PP for (NP the Contra cause))) (VP was (VP limited (NP *-1))))) , (NP-SBJ it) (VP was (ADJP-PRD enough (S (NP-SBJ *) (VP to (VP win (NP him) (NP (NP important protectors) (PP-LOC in (NP the Reagan administration)))))))) ,) (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Sen. Patrick Leahy) , (NP (NP a Vermont Democrat) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (ADVP-TMP then) (VP served (PP-LOC-CLR on (NP the Senate Intelligence Committee))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Noriega) (VP played (NP (NP U.S. intelligence agencies) and (NP the U.S. government)) (PP-MNR like (NP a violin)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP An incident) (PP-TMP in (NP 1984))) (VP suggested (NP (NP one additional means) (SBAR (WHPP-1 by (WHNP which)) (S (NP-SBJ Mr. Noriega) (VP might (VP have (VP maintained (NP (NP such influence) (PP with (NP Washington))) (PP-MNR *T*-1)))))) -- (PP by (S-NOM (NP-SBJ *) (VP compromising (NP U.S. officials)))))) .)) (TOP (S (NP-SBJ-2 (NP Curtin Windsor) , (ADVP-TMP then) (NP (NP the ambassador) (PP to (NP Costa Rica))) ,) (VP recalls (S (NP-SBJ-1 *-2) (VP being (VP invited (NP *-1) (PP-CLR to (NP Panama)) (PP-LGS by (NP (NP (NP Mr. Noriega 's) brother) (NP Luis Carlos))) (PP-PRP for (NP (NP a weekend) (PP of (NP (NP deep sea fishing) and (NP `` (NP quiet , serious conversation) '' (PP on (NP the Aswara Peninsula))))))))))) .)) (TOP (S (NP-SBJ Mr. Windsor) (VP notified (NP (NP Everett E. Briggs) , (NP (NP the U.S. ambassador) (PP to (NP Panama))) ,) (PP-CLR of (NP the invitation))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Briggs) (VP screamed)) , '' (NP-SBJ Mr. Windsor) (VP recalls (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ Mr. Briggs) (VP told (NP him) (SBAR 0 (S (NP-SBJ-1 he) (VP was (VP being (VP set (PRT up) (NP *-1) (PP-CLR for (NP (NP a `` honey trap) , '' (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ-2 Mr. Noriega) (VP would (VP try (S (NP-SBJ *-2) (VP to (VP (VP involve (NP him) (PP-LOC-CLR in (NP an orgy))) and (VP (ADVP-TMP then) record (NP the event) `` (PP-MNR with (NP sound and video)))))) (PP-LOC *T*-3)))))))))))))))) . '')) (TOP (S (NP-SBJ-1 (NP Mr. Briggs) , (PP on (NP vacation)) (PP-TMP after (S-NOM (NP-SBJ *) (VP resigning (NP (NP his position) (PP-LOC at (NP the National Security Council)))))) ,) (VP could n't (VP be (VP reached (NP *-1) (PP-PRP for (NP comment))))) .)) (TOP (SINV (SBAR-TMP As (S (NP-SBJ (NP Mr. Noriega 's) political troubles) (VP grew))) , (ADVP-CLR so) did (NP-SBJ (NP (NP his offers) (PP of (NP assistance)) (PP to (NP the Contras))) , (NP an apparent attempt (S (NP-SBJ *) (VP to (VP curry (NP more favor) (PP-LOC in (NP Washington))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ he) (VP helped (VP steal (NP the May 1984 Panamanian elections) (PP-PRP for (NP the ruling party)))) .)) (TOP (S But (ADVP-TMP (NP just one month) later) , (NP-SBJ he) (ADVP also) (VP contributed (NP $ 100,000 *U*) (PP-DIR to (NP a Contra leader)) , (PP according (PP to (NP (NP documents) (VP released (NP *) (PP-PRP for (NP (NP (NP Oliver North 's) criminal trial) (PP-LOC in (NP (NP Washington) , (NP D.C)))))))))) .)) (TOP (S (ADVP Yet) , (NP-SBJ his political setbacks) (VP mounted) .)) (TOP (S (NP-SBJ-1 Mr. Noriega) (VP was (VP accused (NP *-1) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP ordering (PP-TMP in (NP 1985)) (NP (NP the beheading) (PP of (NP (NP Hugo Spadafora) , (NP (NP his (ADJP most outspoken) political opponent) and (NP (NP the first man) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP (ADVP-MNR publicly) finger (NP Mr. Noriega) (PP on (NP drug trafficking charges)))))))))))))))) .)) (TOP (S (NP-SBJ He) (ADVP-TMP then) (VP ousted (NP (NP President Nicholas Ardito Barletta) , (NP (NP a former World Bank official) (PP with (NP (NP close ties) (PP to (NP the U.S.)))))) , (SBAR-TMP after (S (NP-SBJ-1 Mr. Barletta) (VP tried (S (NP-SBJ *-1) (VP to (VP create (NP a commission (S (NP-SBJ *) (VP to (VP investigate (NP the murder)))))))))))) .)) (TOP (S And , (NP-TMP all the while) , (NP-SBJ-1 (NP Panama 's) debt problems) (VP continued (S (NP-SBJ *-1) (VP to (VP grow)))) .)) (TOP (S (NP-SBJ Mr. Noriega) (VP was (VP growing (ADJP-PRD desperate))) .)) (TOP (S (PP-TMP In (NP late 1986)) , (NP-SBJ he) (VP made (NP (NP an offer) (SBAR (WHNP 0) (S (NP-SBJ he) (VP thought (SBAR (WHNP-1 0) (S (NP-SBJ the U.S.) (VP could n't (VP refuse (NP *T*-1)))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-4 *) (VP recounted (NP *-4) (PP-LOC in (NP (NP a stipulation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP summarized (NP (NP government documents) (VP released (NP *) (PP-CLR for (NP the North trial)))))))))))) , (NP-SBJ-2 Mr. Noriega) (VP offered (S (NP-SBJ *-2) (VP to (VP assassinate (NP the Sandinista leadership)))) (PP in (NP (NP exchange) `` (PP for (NP (NP a promise (S (NP-SBJ-3 *) (VP to (VP help (S (NP-SBJ *-3) (VP clean (PRT up) (NP (NP Noriega 's) image))))))) and (NP a commitment (S (NP-SBJ *) (VP to (VP lift (NP (NP the -LCB- U.S . -RCB- ban) (PP on (NP (NP military sales) (PP to (NP the Panamanian Defense Forces)))))))))))))) . '')) (TOP (S-2 `` (NP-SBJ North) , '' (S (NP-SBJ-1 the document) (VP went (ADVP-CLR on) (S *T*-2) , (S-ADV (NP-SBJ *-1) (VP referring (PP-CLR to (NP Oliver North)))))) , `` (VP has (VP told (NP (NP Noriega 's) representative) (SBAR that (S (NP-SBJ U.S. law) (VP forbade (NP such actions)))))) .)) (TOP (S (NP-SBJ The representative) (VP responded (SBAR that (S (NP-SBJ Noriega) (VP (VP had (NP numerous assets) (PP-LOC in (NP place)) (PP-LOC in (NP Nicaragua))) and (VP could (VP accomplish (NP many essential things))) , (SBAR (ADVP just) as (S (NP-SBJ Noriega) (VP had (VP helped -LCB- (NP the U.S) . -RCB- (NP-TMP the previous year) (PP in (S-NOM (NP-SBJ *) (VP blowing (PRT up) (NP a Sandinista arsenal)))))))))))) . '')) (TOP (S (NP-SBJ Col. North) (VP conveyed (NP the request) (PP-DIR (PP to (NP his superiors)) and (PP to (NP (NP (NAC Assistant Secretary (PP of (NP State))) Elliot Abrams) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP relayed (NP it) (PP-DIR to (NP (NAC Secretary (PP of (NP State))) George Shultz))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Noriega 's) proposal) (VP was (VP turned (NP *-1) (PRT down))) .)) (TOP (S And (NP-SBJ Mr. Shultz) (VP (ADVP-MNR curtly) told (NP Mr. Abrams) (SBAR that (S (NP-SBJ-1 the general) (VP should (VP be (VP told (NP *-1) (SBAR that (S (NP-SBJ only he) (VP could (VP repair (NP his tarnished image))))))))))) .)) (TOP (S (NP-SBJ (NP The end) (PP of (NP the marriage))) (VP was (PP-PRD at (NP hand))) .)) (TOP (S (PP-TMP Within (NP weeks)) (NP-SBJ the unfolding Iran-Contra scandal) (VP took (ADVP-CLR away) (NP (NP Mr. Noriega 's) insurance policy)) .)) (TOP (S (NP-SBJ (NP The death) (PP of (NP CIA Director (NP William Casey))) and (NP (NP resignation) (PP of (NP Oliver North)))) (VP allowed (S (NP-SBJ anti-Noriega political forces) (VP to (VP gain (NP influence))))) .)) (TOP (S (NP-SBJ-1 (NP Public protests) (PP against (NP him))) (VP were (VP triggered (NP *-1) (PP-TMP in (NP June 1987)) (PP due to (NP (NP charges (SBAR *ICH*-2)) (PP by (NP (NP Diaz Herrera) , (NP (NP his former chief) (PP of (NP staff))) ,)) (SBAR-2 that (S (NP-SBJ Mr. Noriega) (VP (VP had (VP stolen (NP the 1984 election))) and (VP had (VP ordered (NP (NP the killing) (PP of (NP Messrs. Spadafora and Torrijos)))))))))))) .)) (TOP (S (NP-SBJ-1 Few American officials) (VP were (VP willing (ADVP-TMP any longer) (S (NP-SBJ *-1) (VP to (VP defend (NP him)))))) .)) (TOP (S (NP-SBJ-1 (NP Lawyers) (PP-LOC in (NP Miami))) (PRN -- (S (NP-SBJ *) (NP-TMP this time) (VP working (PP-MNR (ADVP virtually) without (NP impediment)))) --) (VP prepared (S (NP-SBJ *-1) (VP to (VP have (S (NP-SBJ him) (VP indicted (PP-CLR on (NP drug charges))))))) (PP-TMP in (NP February 1988))) .)) (TOP (S (PP-TMP During (NP (NP negotiations) (PP with (NP American officials)) (PP-TMP in (NP May 1988)) (PP over (NP proposals (S (NP-SBJ *) (VP to (VP drop (NP the U.S. indictments) (PP in (NP (NP exchange) (PP for (NP his resignation))))))))))) , (NP-SBJ Mr. Noriega) (ADVP-TMP often) (VP asked (ADVP-MNR almost plaintively) (SBAR (WHADVP-2 how) (S (NP-SBJ (NP the Americans) , (SBAR (WHNP-1 whom) (S (NP-SBJ he) (VP had (VP helped (NP *T*-1) (PP-TMP for (NP (ADJP so many) years)))))) ,) (VP could (VP turn (PP-CLR against (NP him)) (ADVP-MNR *T*-2)))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ (NP neither side) (PRN -- (NP (NP the U.S.) nor (NP Mr. Noriega)) --)) (VP has (NP an easy out)) .)) (TOP (S (NP-SBJ-1 President Bush) (VP has (VP sworn (S (NP-SBJ *-1) (VP to (VP bring (NP him) (PP-DIR to (NP justice))))))) .)) (TOP (S (NP-SBJ Mr. Noriega) (VP believes (SBAR 0 (S (NP-SBJ he) (VP has n't (NP (NP any alternative) but (S (NP-SBJ *) (VP to (VP continue (VP clutching (PP-CLR to (NP power))))))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP a knock-out battle) (PRN -- perhaps (PP to (NP the death))))) .)) (TOP (SQ (PP-TMP In (NP the end)) , is (NP-SBJ Mr. Noriega) (NP-PRD (NP the political equivalent) (PP of (NP (NP Frankenstein 's) monster)) , (VP created (PP by (NP-LGS a well-intentioned but misguided foreign power)))) ?)) (TOP (S (FRAG-1 (ADVP Not quite)) , (NP-SBJ Sen. Leahy) (VP contends (SBAR 0 (FRAG *T*-1))) .)) (TOP (S `` (PP For (NP short-term gains)) , (NP-SBJ people) (VP were (ADJP-PRD willing (S (NP-SBJ *) (VP to (VP put (PRT up) (PP-CLR with (NP him))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ That) (VP allowed (S (NP-SBJ him) (VP to (VP get (ADJP-PRD stronger and stronger)))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ we) (VP created (NP him) (ADVP (ADVP as much) (SBAR as (S (NP-SBJ we) (VP (VP fed (NP him)) , (VP nurtured (NP him)) and (VP let (S (NP-SBJ him) (VP grow up (S (NP-SBJ *) (VP to (VP be (ADJP-PRD big and strong)))))))))))))))) .)) (TOP (S (NP-SBJ UPJOHN Co.) (VP reported (SBAR that (S (NP-SBJ third-quarter net income) (VP rose (PP-DIR to (NP (NP (QP $ 96 million) *U*) , or (NP (NP 52 cents) (NP-ADV a share)))) , (PP-DIR from (NP (QP $ 89.6 million) *U*) , or (NP (NP 49 cents) (NP-ADV a share)) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ (NP Yesterday 's) edition) (VP provided (NP (NP (NP analysts ') estimates) (PP for (NP the company))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ actual earnings) (VP were (ADJP-PRD available) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ Industrial production) (VP declined (NP-EXT 0.1 %) (PP-TMP in (NP September)) , (S-ADV (NP-SBJ *) (VP reinforcing (NP other signs (SBAR that (S (NP-SBJ the manufacturing sector) (VP continues (NP its slowing trend)))))))) .)) (TOP (S (NP-SBJ The Federal Reserve Board) (VP said (SBAR 0 (S (NP-SBJ (NP output) (PP of (NP (NP the nation 's) factories , mines and utilities))) (VP expanded (PP-MNR at (NP (NP an annual rate) (PP of (NP 1.3 %)) (PP-TMP in (NP the third quarter)) , (ADJP (ADJP substantially slower) (PP than (NP (NP the (ADJP 3.3 %) annual rate) (PP-TMP in (NP the second quarter))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP Capital spending and exports) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (VP been (NP-PRD (NP the driving force) (PP-LOC in (NP this expansion))))))) ,) (VP are (VP showing (NP (NP clear signs) (PP of (S-NOM (NP-SBJ *) (VP having (S (NP-SBJ the steam) (VP taken (ADVP-CLR out (PP of (NP them)))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Robert Dederick) , (NP (NP economist) (PP for (NP (NP Northern Trust Co.) (PP in (NP Chicago)))))) .)) (TOP (S (NP-SBJ (NP (NP The new reports) (PP of (NP sluggishness))) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP were (VP foreshadowed (NP *-1) (PP by (NP-LGS (NP an earlier Labor Department report) (SBAR that (S (NP-SBJ manufacturing payrolls) (VP dropped (PP-EXT by (NP 105,000)) (PP-TMP in (NP September)))))))))))) , (VP give (NP the Fed) (NP another reason (S (NP-SBJ *) (VP to (VP (ADVP further) (VP ease (NP (NP its grip) (PP-LOC on (NP credit)))) and (VP lower (NP interest rates))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 They) (VP need (S (NP-SBJ *-1) (VP to (VP do (NP something) (PP about (NP this))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Maury Harris) , (NP (NP economist) (PP-LOC at (NP PaineWebber Group Inc)))) .)) (TOP (S (NP-SBJ The Fed) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ U.S. industry) (VP operated (PP-CLR at (NP 83.6 %) (PP of (NP capacity)) (NP-TMP last month)) , (ADVP down (PP from (NP 83.8 %) (PP in (NP August)))))))) .)) (TOP (S (NP-SBJ (NP Measures) (PP of (NP manufacturing activity))) (VP fell (ADVP (ADVP more) (PP than (NP the overall measures)))) .)) (TOP (S (NP-SBJ Factory output) (VP (VP dropped (NP-EXT 0.2 %) (SBAR-TMP *ICH*-1)) , (NP (NP its first decline) (PP since (NP February))) , (SBAR-TMP-1 after (S-NOM (NP-SBJ *) (VP having (VP been (ADJP-PRD unchanged) (PP-TMP in (NP October))))))) .)) (TOP (S (NP-SBJ Factories) (VP operated (PP-CLR at (NP (NP (NP 83.7 %) (PP of (NP capacity))) , (UCP (NP (NP the lowest rate) (PP-TMP in (NP (QP more than a) year))) and (ADVP down (PP from (NP 84.1 %) (PP-TMP in (NP September)))))))) .)) (TOP (S (NP-SBJ The declines) (ADVP mainly) (VP reflected (NP (NP widespread weakness) (PP-LOC in (NP (NP durable goods) , (NP (NP those) (VP intended (S (NP-SBJ *) (VP to (VP last (NP-TMP (QP more than three) years)))))))))) .)) (TOP (S (NP-SBJ-1 The biggest drop) (VP was (VP recorded (NP *-1) (PP by (NP-LGS (NP primary metals producers) , (NP (NP a category) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP includes (NP the steel industry))))))))) .)) (TOP (S (NP-SBJ (NP Output) (PP of (NP business equipment))) (VP was (ADJP-PRD unchanged) (PP-TMP in (NP September))) .)) (TOP (S (NP-SBJ (NP (NP Production) (PP of (NP factory equipment))) , (NP (NP one indication) (PP of (NP (NP the strength) (PP of (NP (NP manufacturers ') investment spending))))) ,) (VP fell (NP-EXT 0.3 %)) .)) (TOP (S (NP-SBJ Some economists) (VP expect (NP (NP further declines) (PP-LOC in (NP investment spending)))) .)) (TOP (S `` (S-TPC-3 (SBAR-TMP (WHADVP-1 Whenever) (S (NP-SBJ corporate profits) (VP are (ADJP-PRD weak) (ADVP-TMP *T*-1)))) (NP-SBJ that) (VP means (SBAR 0 (S (NP-SBJ-2 capital spending) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP soften (ADVP-TMP subsequently)))))))))) , '' (NP-SBJ Mr. Harris) (VP said (S *T*-3)) .)) (TOP (S `` (NP-SBJ You) (VP have n't (VP seen (NP (NP the full effect) (PP of (NP that))) (ADVP-TMP yet))) . '')) (TOP (S (S-TPC-1 (NP-SBJ (NP A decline) (PP-LOC in (NP truck production))) (VP (ADVP more than) offset (NP (NP a sharp rise) (PP in (NP auto assemblies))))) , (NP-SBJ the Fed) (VP noted (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Analysts) (VP do n't (VP expect (S (NP-SBJ-1 (NP the September surge) (PP-LOC in (NP auto production))) (VP to (VP be (VP repeated (NP *-1) (PP-TMP in (NP the coming months)))))))) .)) (TOP (SINV (NP-SBJ Here) (VP is (NP-PRD (NP a summary) (PP of (NP (NP (NP the Federal Reserve Board 's) report) (PP on (NP (NP industrial production) (PP-TMP in (NP September)))))))) .)) (TOP (S (NP-SBJ-1 The figures) (VP are (ADVP-TMP seasonally) (VP adjusted (NP *-1))) .)) (TOP (NP-HLN (NP 142.3 %) (PP of (NP the 1977 average)) .)) (TOP (S (NP-SBJ-3 (NP Robin Honiss) , (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP this bank holding company))) ,) (VP was (VP elected (NP *-3) (PP-CLR to (NP (NP the additional posts) (PP of (NP (NP (NP chairman) , (NP president) and (NP chief executive)) (PP of (NP (NP the company 's) New England Savings Bank subsidiary)))))))) .)) (TOP (S (NP-SBJ William R. Attridge) (VP resigned (NP (NP those posts) , (CONJP as well as) (NP (NP a seat) (PP-LOC on (NP (NP NESB 's) board))))) .)) (TOP (S (NP-SBJ NESB) (VP is (ADVP also) (NP-PRD (NP the parent) (PP of (NP Omnibank)))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Lung-cancer mortality rates) (PP for (NP (NP people) (PP under (NP (NP 45 years) (PP of (NP age))))))) (VP have (VP begun (S (NP-SBJ *-1) (VP to (VP decline)))))) , (NP-SBJ federal researchers) (VP report (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The drop) (VP is (ADJP-PRD particularly large (PP for (NP white males))) , (SBAR-ADV although (S (NP-SBJ (NP black males) and (NP white and black women)) (ADVP also) (VP show (NP lower mortality rates))))) .)) (TOP (S (NP-SBJ (NP A report) (PP-LOC in (NP (NP (NP this week 's) issue) (PP of (NP-TTL (NP the Journal) (PP of (NP the National Cancer Institute))))))) (ADVP also) (VP projects (SBAR that (S (NP-SBJ-1 (NP overall U.S. mortality rates) (PP from (NP (NP lung cancer) , (NP (NP the leading cause) (PP of (NP cancer death)))))) , (VP should (VP begin (S (NP-SBJ *-1) (VP to (VP drop))) (PP-TMP in (NP several years)) (SBAR-ADV if (S (NP-SBJ-2 cigarette smoking) (VP continues (S (NP-SBJ *-2) (VP to (VP abate))))))))))) .)) (TOP (S (NP-SBJ (NP The report) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP comes (SBAR-TMP (NP 25 years) after (S (NP-SBJ the U.S. Surgeon General) (VP issued (NP (NP a report) (VP warning (PP-CLR against (NP (NP the dangers) (PP of (NP smoking)))))))))))) ,) (VP is (NP-PRD (NP the strongest indication) (PP-TMP to (NP date)) (SBAR that (S (NP-SBJ (NP the reduction) (PP-LOC in (NP smoking))) (VP is (VP leading (PP-DIR to (NP (NP lower death rates) (PP from (NP lung cancer)))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (SBAR (WHNP-1 What) (S (NP-SBJ this) (VP is (VP saying (NP *T*-1)))))) (VP is (SBAR-PRD that (S (NP-SBJ (NP the surgeon general 's) message) (VP is (VP having (NP an impact))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Melvyn Tockman) , (NP (NP an epidemiologist) (PP-LOC at (NP (NP the Johns Hopkins School) (PP of (NP (NP Hygiene) and (NP Public Health))) (PP-LOC in (NP Baltimore)))))) .)) (TOP (S (NP-SBJ The National Cancer Institute report) (VP compares (NP (NP mortality rates) (PP of (NP (NP two groups) (PP of (NP (NP people) (PP between (NP (NP the ages) (PP of (NP 35 and 44)))))) (ADJP (NP a decade) apart))))) .)) (TOP (S (S (NP-SBJ (NP The death rate) (PP from (NP (NP lung cancer) (PP of (NP (NP white males) (VP aged (NP *) (NP (NP 35) (PP to (NP 44)))))))) (PP-TMP in (NP the mid-1970s))) (VP was (NP-PRD (NP 13.4) (PP per (NP 100,000))))) , but (S (NP-SBJ (NP the mortality rate) (PP of (NP the same age group)) (PP-TMP in (NP the mid-1980s))) (VP was (NP-PRD (NP 9.6) , (NP (NP a decline) (PP of (NP 28.7 %)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Measured (NP the same way))) , (NP-SBJ-1 (NP the decline) (PP for (NP black males))) (VP was (NP-PRD 14.2 %)) .)) (TOP (S (NP-SBJ (NP The drop) (PP-LOC in (NP (NP mortality rates) (PP for (NP women))))) (VP was (UCP-PRD (ADJP less steep) -- (NP (NP (NP 8.9 %) (PP for (NP blacks))) and (NP (NP 5.3 %) (PP for (NP whites)))))) .)) (TOP (S (NP-SBJ (NP The study) , (PP by (NP (NP Susan Devesa) , (NP William Blot) and (NP Joseph Fraumeni))) (PP of (NP (NP the institute 's) staff)) ,) (ADVP also) (VP shows (SBAR that (S (NP-SBJ (NP (NP the incidence) (PP of (NP lung cancer))) (CONJP as well as) (NP the death rate)) (VP declined (PP-TMP over (NP the decade)) (PP for (NP (NP all groups) (PP-LOC in (NP the 35-44 age bracket)) , (PP except (NP black men)))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ lung-cancer mortality rates) (VP are (VP increasing (PP for (NP (NP the nation) (PP as (NP a whole)))))))) , (NP-SBJ the report) (VP projects (SBAR that (S (NP-SBJ-1 death rates) (VP will (VP begin (S (NP-SBJ *-1) (VP to (VP (VP decline (PP-TMP-2 in (NP the 1990s)) (PP-3 for (NP men))) and (VP (PP-TMP=2 after (NP the year 2000)) (PP=3 for (NP women))))))))))) .)) (TOP (S (NP-SBJ-1 Lung-cancer mortality rates) (VP (VP increase (PP with (NP age))) and (VP are (VP continuing (S (NP-SBJ *-1) (VP to (VP rise (PP for (NP (NP all age groups) (PP over (NP 55)))) , (PP with (NP (NP sharp increases) (PP for (NP (NP everybody) but (NP white men))))))))))) .)) (TOP (S But (NP-SBJ (NP Dr. Fraumeni) , (NP (NP one) (PP of (NP (NP the authors) (PP of (NP the report))))) ,) (VP said `` (S (NP-TPC-1 (NP the declining rates) (SBAR (WHNP-3 0) (S (NP-SBJ we) (VP 're (VP seeing (NP *T*-3) (PP for (NP younger people))))))) (NP-SBJ we) (VP believe (S (NP-SBJ *T*-1) (VP may (S (NP-SBJ *) (VP be (NP-PRD (NP a harbinger) (PP of (NP (NP declining mortality) (PP-TMP in (NP the future)))))))))))) . '')) (TOP (S (ADVP However) , (NP-SBJ he) (VP stressed (SBAR that (S (NP-SBJ the improvement) (VP depends (PP-LOC-CLR on (NP (NP a continued reduction) (PP-LOC in (NP smoking)))))))) .)) (TOP (S `` (S-TPC-2 (SBAR-ADV (ADVP Even) though (S (NP-SBJ (NP these favorable trends) (PP-LOC in (NP lung-cancer mortality))) (VP affect (NP all sex and race groups)))) , (NP-SBJ-1 they) (VP ca n't (VP be (VP taken (NP *-1) (PP-CLR for (ADJP granted)))))) , '' (NP-SBJ the report) (VP says (S *T*-2)) .)) (TOP (S `` (NP-SBJ Smoking prevention programs) (VP should (VP reach (NP (NP (NP larger segments) (PP of (NP the population))) , (NP especially children , adolescents and minorities)))) . '')) (TOP (S (NP-SBJ (NP An editorial) (PP-LOC in (NP the NCI Journal))) (VP says (SBAR 0 (S (NP-SBJ (NP the report) (PP of (NP (NP declining lung-cancer mortality ``) (PP-LOC among (NP (NP young men and women) (PP-LOC in (NP the U.S.))))))) (VP indicates (SBAR that (S (NP-SBJ we) (ADVP finally) (VP may (VP be (VP winning (NP the battle) -- (FRAG (NP this) (PP-LOC (ADVP even) in (NP (NP a country) (SBAR (WHADVP-1 where) (S (NP-SBJ the tobacco industry) (VP spends (NP (NP (QP over $ 2 billion) *U*) (NP-ADV a year)) (PP for (NP (NP promotion) (PP of (NP (NP the addictive habit) (PP of (NP smoking)))))) (ADVP-LOC *T*-1)))))))))))))))) . '')) (TOP (S But (NP-SBJ (NP the editorial) , (PP by (NP (NP Jan Stjernsward) (PP of (NP the World Health Organization)))) ,) (VP notes (SBAR that (S (NP-SBJ tobacco consumption and lung-cancer mortality rates) (VP are (VP rising (PP-LOC in (NP developing countries))))))) .)) (TOP (S-3 `` (NP-SBJ-1 Non-smoking) (VP should (VP be (VP established (NP *-1) (PP-CLR as (NP (NP the norm) (PP of (NP social behavior)) '' (PP-LOC around (NP the world))))))) (PRN , (S (NP-SBJ the editorial) (VP says (SBAR 0 (S *T*-3)))) ,) (PP through (NP (NP the enactment) (PP of (NP (NP laws) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP (VP limit (NP advertising)) , (VP boost (NP tobacco prices)) and (VP promote (NP anti-smoking education))))))))) .)) (TOP (S (S (NP-SBJ-1 *-2) (VP Asked (NP *-1) (PP for (NP comment)))) , (NP-SBJ-2 (NP Walker Merryman) , (NP (NP a vice president) (PP of (NP the Tobacco Institute)))) , (VP said (SBAR 0 (S (NP-SBJ new efforts (S (NP-SBJ *) (VP to (VP restrict (NP tobacco advertising) (PP-LOC in (NP the U.S.)))))) (VP could (VP violate (NP (NP the First Amendment protection) (PP of (NP free speech)))))))) .)) (TOP (S (PP According (PP to (NP the American Cancer Society))) , (NP-SBJ smoking) (VP is (ADJP-PRD responsible (PP for (NP (NP (NP 85 %) (PP of (NP (NP the lung-cancer cases) (PP among (NP men))))) and (NP (NP 75 %) (PP among (NP women))))))) .)) (TOP (S (NP-SBJ The NCI report) (VP attributes (NP (NP the differences) (PP-LOC in (NP mortality rates)) (PP by (NP race))) (PP-CLR to (NP different smoking patterns))) .)) (TOP (S (NP-SBJ (NP A higher proportion) (PP of (NP black men)) (PP *ICH*-3)) (VP smoke (PP-3 than (NP white men))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP (ADJP nearly equal) percentages) (PP of (NP black and white women))) (ADVP-TMP currently) (VP smoke))) , (PP-LOC in (NP both sexes)) (NP-SBJ (NP more whites) (PP *ICH*-4)) (VP have (VP given (PRT up) (NP smoking) (PP-4 than (NP blacks)))) .)) (TOP (S (PP In (S-NOM (NP-SBJ *) (VP comparing (NP (NP changes) (PP-LOC in (NP mortality rates)) (PP-TMP over (NP the past decade)))))) , (NP-SBJ the NCI study) (VP looked (ADVP only) (PP-CLR at (NP blacks and whites))) .)) (TOP (S (S (NP-SBJ-2 (NP Asians) and (NP native Americans)) (VP were n't (VP studied (NP *-2)))) ; (S (NP-SBJ-1 Hispanics) (VP were (VP included (NP *-1) (PP-CLR with (NP whites))))) .)) (TOP (NP (NP Recent changes) (PP-LOC in (NP (NP average annual age-specific lung-cancer rates) (PP per (NP 100,000 population)) (PP by (NP race and sex)))) .)) (TOP (NP-HLN White Males)) (TOP (NP-HLN White Females)) (TOP (NP-HLN Black Males)) (TOP (NP-HLN Black Females)) (TOP (S (NP-SBJ Directors) (VP elected (NP-1 (NP R. Marvin Womack) , (ADVP-TMP currently) (NP vice president/product supply , purchasing) ,) (S-CLR (NP-SBJ *-1) (VP to (VP head (NP (NP the company 's) (NAC-LOC Washington , D.C. ,) office))))) .)) (TOP (SINV (S-TPC-1 (PP As (NP vice president/national-government relations)) , (NP-SBJ-2 Mr. Womack) (VP will (VP work (PP-CLR (PP with (NP (NP P&G 's) top management)) and (PP with (NP (NP the company 's) government-relations staff))) `` (S (NP-SBJ *-2) (VP to (VP represent (NP (NP P&G 's) interests) (PP-LOC at (NP the federal level)))))))) , '' (VP said (SBAR 0 (S *T*-1)) ) (NP-SBJ (NP John G. Smale) , (NP (NP chairman) and (NP chief executive officer))) .)) (TOP (S (NP-SBJ Mr. Smale) (VP said (SBAR 0 (S (NP-SBJ the appointment) `` (VP recognizes (NP (NP the growing influence) (PP of (NP government)) (PP-LOC on (NP our business))))))) . '')) (TOP (S (NP-SBJ (NP Mr. Womack) , (ADJP (NP 53 years) old) ,) (VP has (VP been (PP-PRD with (NP (NP the big producer) (PP of (NP (NP household products) , (NP food) and (NP pharmaceuticals))))) (PP-TMP for (NP 30 years)))) .)) (TOP (S (NP-SBJ (NP Traders) (VP trying (S (NP-SBJ *) (VP to (VP profit (PP-CLR from (NP (NP the recent volatility) (PP-LOC in (NP financial markets))))))))) (VP invaded (NP the Nasdaq over-the-counter market) , (S-ADV (NP-SBJ *) (VP prompting (NP (NP even more swings) (PP-LOC in (NP stock prices)))))) .)) (TOP (S (PP After (S-NOM (NP-SBJ *-2) (VP gaining (NP strength) (PP-TMP during (NP (NP a brief run-up) (SBAR (WHADVP-1 when) (S (NP-SBJ trading) (VP began (ADVP-TMP *T*-1))))))))) , (NP-SBJ-2 the Nasdaq Composite Index) (VP weakened (PP-LOC under (NP selling pressure))) .)) (TOP (S (NP-SBJ (NP The forces) (PP at (NP work))) (VP included (NP (NP computer-guided trading) , (CONJP as well as) (NP (NP profit-driven market makers) and (NP (NP institutional investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP bought (NP stock) (PP-MNR on (NP the cheap)) (PP-TMP during (NP the recent correction)))))))))) .)) (TOP (S (PP-TMP During (NP (NP the last two hours) (PP of (NP trading)))) , (NP-SBJ the composite) (VP (ADVP almost) drew (ADVP even) (PP-TMP on (NP the day)) (PP-TMP before (S-NOM (NP-SBJ *) (VP slipping (ADVP-TMP again))))) .)) (TOP (S (NP-SBJ The Nasdaq Composite) (VP closed (ADVP-CLR down (NP (NP 1.05) , or (NP 0.2 %) ,)) (PP to (NP 459.93))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The action) (VP was (VP confined (NP *-1) (PP-CLR to (NP (NP Nasdaq 's) (ADJP (ADJP biggest) and (ADJP most liquid)) stocks))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The Nasdaq 100 Index) (VP (VP began (NP the day) (PP-CLR at (NP 449.89))) , (VP lost (NP-EXT 2 %) (PP-TMP at (NP one point))) , and (VP was (ADVP-PRD up (NP 0.4 %)) (PP-TMP at (NP another)))) .)) (TOP (S (NP-SBJ (NP The barometer) (PP of (NP the biggest nonfinancial stocks))) (VP settled (PP-CLR at (NP 448.49)) , (ADVP off (NP 1.40))) .)) (TOP (S (NP-SBJ (NP Its counterpart) , (NP the Nasdaq Financial Index) ,) (VP was (ADJP-PRD weak) (PP-TMP for (NP (NP most) (PP of (NP the day)))) , (S-ADV (NP-SBJ *) (VP sliding (NP-EXT 2.51) (PP-DIR to (NP 453.57)) (PP-TMP by (NP (NP the end) (PP of (NP trading))))))) .)) (TOP (S (NP-SBJ The volatility) (VP was (ADJP-PRD dizzying) (PP for (NP traders))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The market) (VP must (VP have (VP turned (ADVP-CLR up and down) (NP-TMP 15 different times))))) , '' (VP commented (S *T*-1)) (NP-SBJ (NP Lance Zipper) , (NP (NP head) (PP of (NP OTC trading)) (PP-LOC at (NP Kidder Peabody)))) .)) (TOP (S `` (S (NP (NP Every time) (SBAR (WHADVP-1 0) (S (NP-SBJ you) (VP thought (SBAR 0 (S (NP-SBJ it) (VP was (VP going (PP-DIR into (NP a rally)))))) (ADVP-TMP *T*-1))))) (NP-SBJ it) (VP gave (PRT up))) , and (S (NP (NP every time) (SBAR (WHADVP-2 0) (S (NP-SBJ you) (VP thought (SBAR 0 (S (NP-SBJ it) (VP would (VP rally)))) (ADVP-TMP *T*-2))))) (NP-SBJ it) (VP came (ADVP-CLR down))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD a tough market)) . '')) (TOP (S (NP-SBJ Mr. Zipper) (VP said (SBAR 0 (S (NP-SBJ the market) (VP is (ADVP-TMP still) (VP settling (PRT down) (PP-TMP after (NP the recent correction))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP (NP Most) (PP of (NP trading action))) (ADVP-TMP now)) (VP is (PP-PRD from (NP (NP professional traders) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP are (VP trying (S (NP-SBJ *-2) (VP to (VP take (NP advantage) (PP-CLR of (NP the price swings)) (S-PRP (NP-SBJ *) (VP to (VP turn (NP a quick profit))))))))))))))) , (NP-SBJ (NP he) and (NP other traders)) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ Everybody) (VP 's (ADJP-PRD confused))) and (S (NP-SBJ no one) (VP has (NP (NP an opinion) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP lasts (ADVP-TMP (ADVP longer) (PP than (NP 30 seconds)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ Mr. Zipper) .)) (TOP (S `` (NP-SBJ (NP A lot) (PP of (NP the professional traders))) (VP are (ADVP just) (VP going (ADVP-DIR back and forth))) .)) (TOP (S (NP-SBJ They) (VP 're (ADJP-PRD just as confused)) . '')) (TOP (S (NP-SBJ (NP William Rothe) , (NP (NP head) (PP of (NP OTC trading)) (PP-LOC at (NP (NP Alex . Brown & Sons) , (PP-LOC in (NP Baltimore))))) ,) (VP said (SBAR 0 (S (NP-SBJ program trading) (VP is (VP keeping (S (NP-SBJ the markets) (ADJP-PRD unsettled))))))) .)) (TOP (S (NP-SBJ He) (VP believes (SBAR that (S (NP-SBJ (NP the volatile conditions) (VP created (NP *) (PP by (NP-LGS program trading)))) (VP has `` (VP (ADVP thoroughly) confused '' (NP investors) (PP about (SBAR (WHADVP-2 where) (S (NP-SBJ-1 the market) (VP is (VP headed (NP *-1) (ADVP-DIR *T*-2))))))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ Program trading) (VP is `` (VP benefiting (NP a few) (PP to (NP (NP the detriment) (PP of (NP many))))))) and (S (NP-SBJ I) (VP wish (SBAR 0 (S (NP-SBJ someone) (VP would (VP do (NP something) (PP about (NP it))))))))) , '' (NP-SBJ he) (VP complained (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Trading activity) (VP cooled (PRT off) (PP from (NP (NP Monday 's) sizzling pace))) .)) (TOP (S (NP-SBJ Share turnover) (VP subsided (PP-DIR to (NP (QP 161.5 million)))) .)) (TOP (S (NP-SBJ-1 Advancing and declining issues) (VP finished (S-CLR (NP-SBJ *-1) (ADJP-PRD about even))) .)) (TOP (S (PP-TPC-2 Of (NP (NP the 4,345 stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP changed (NP hands)))))) , (S (NP-SBJ (NP-SBJ 1,174) (PP *T*-2)) (VP declined)) and (S (NP-SBJ (NP-SBJ 1,040) (PP *T*-2)) (VP advanced)) .)) (TOP (S (NP-SBJ (NP One big technology issue) , (NP Novell) ,) (VP rode (NP the roller coaster)) .)) (TOP (S (NP-SBJ-2 (NP The stock) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP finished (NP-TMP Monday) (PP-CLR at (NP 29 1))))) ,) (VP traded (ADVP (ADVP as high (PP as (NP 29 3))) and (ADVP as low (PP as (NP 28 3)))) (PP-TMP before (S-NOM (NP-SBJ *-2) (VP closing (PP-CLR at (NP 29 1)) , (ADVP down (NP 1)))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD a jarring day) (PP for (NP (NP investors) (PP-LOC in (NP Genetics Institute))))) .)) (TOP (S (NP-SBJ The stock) (VP tumbled (NP-EXT 2 3) (PP on (NP news (SBAR that (S (NP-SBJ-1 it) (VP might (VP have (S (NP-SBJ *-1) (VP to (VP take (NP (NP a charge) (PP against (NP earnings)))))) (SBAR-ADV if (S (NP-SBJ it) (VP ca n't (VP (ADVP-MNR successfully) resolve (NP (NP a dispute) (PP with (NP (NP its European licensee) , (NP Boehringer Mannheim))) , (PP over (NP (NP its anti-anemia drug) , (NP EPO))))))))))))))) .)) (TOP (S (NP-SBJ-1 The stock) (VP recovered (ADVP somewhat) (S (NP-SBJ *-1) (VP to (VP finish (ADVP-CLR (NP 1 1) lower) (PP at (NP 26 1)))))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ Genetics Institute) (VP said (SBAR 0 (S (NP-SBJ (NP the dispute) (PP with (NP Boehringer))) (VP centers (PP-LOC-CLR on (NP (NP questions) (PP of (NP (NP the usability) (PP of (NP (NP (NP certain batches) (PP of (NP EPO material))) (VP valued (NP *) (PP-CLR at (NP (QP $ 13.6 million) *U*))))))))))))) .)) (TOP (S (ADVP-TMP Earlier (NP this week)) , (NP-SBJ Genetics Institute) (VP reported (NP (NP wider losses) (PP-LOC in (NP (NP its fiscal third quarter) (VP ended (NP-TMP-CLR Aug. 31)))))) .)) (TOP (S (NP-SBJ Price Co.) (VP jumped (NP-EXT 2 1) (PP-DIR to (NP 44)) (PP on (NP 1.7 million shares))) .)) (TOP (S (NP-SBJ (NP The wholesaler) (PP of (NP cash and carry merchandise))) (VP reported (NP (NP fiscal fourthquarter earnings) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP were (ADJP-PRD (ADJP better) (SBAR than (S (NP-SBJ analysts) (VP had (VP expected (S *?*))))))))))) .)) (TOP (S (NP-SBJ-1 The company) (ADVP also) (VP pleased (NP analysts) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP announcing (NP (NP four new store openings) (VP planned (NP *) (PP-CLR for (NP (NP fiscal 1990) , (VP ending (NP-TMP-CLR next August)))))))))) .)) (TOP (S (NP-SBJ That) (VP will (VP bring (NP (NP the total) (PP for (NP the year))) (PP-DIR to (NP 10)) , (PP-DIR from (NP five) (PP-TMP during (NP fiscal 1989))))) .)) (TOP (S `` (NP-TMP Every year) (NP-SBJ we) (VP 've (VP been (VP waiting (PP-CLR for (NP (NP stepped-up expansion) (PP from (NP the company))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The news) (VP could n't (VP have (VP been (ADJP-PRD better))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Linda Kristiansen) , (NP a Dean Witter Reynolds analyst) ,) (PP-LOC in (NP an interview)) .)) (TOP (S (NP-SBJ (NP Intermec) , (NP (NP a maker) (PP of (NP optical character-recognition devices))) ,) (ADVP also) (VP reported (NP higher third-quarter earnings)) .)) (TOP (S (NP-SBJ Its shares) (VP added (NP 3) (PP-CLR to (NP 30 3))) .)) (TOP (S But (NP-SBJ favorable earnings) (VP was n't (NP-PRD a guarantee (SBAR that (S (NP-SBJ (NP a stock 's) price) (VP would (VP improve (NP-TMP yesterday))))))) .)) (TOP (S (NP-SBJ MCI Communications) (VP tumbled (NP-EXT 2 5) (PP-DIR to (NP 42 3)) (PP on (NP 4.7 million shares)) (SBAR-ADV (ADVP even) though (S (NP-SBJ the telecommunications giant) (VP reported (NP (NP a (ADJP 63 %) increase) (PP-LOC in (NP third-quarter profit))))))) .)) (TOP (S (NP-SBJ-1 CoreStates Financial) (VP slipped (NP-EXT 3) (PP-DIR to (NP 43 1)) (PP-LOC in (NP active trading))) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP reporting (SBAR that (S (NP-SBJ third-quarter earnings) (VP improved (PP-DIR to (NP (NP $ 1.27 *U*) (NP-ADV a share))) (PP-DIR from (NP (NP $ 1.15 *U*) (NP-ADV a share)) (ADVP-TMP (NP a year) earlier)))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP the bank holding company 's) loan-loss reserves) (VP rose (PP-DIR to (NP (QP $ 177.3 million) *U*)) (PP-DIR from (NP (QP $ 154 million) *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ A&W Brands) (VP lost (NP-EXT 1) (PP-DIR to (NP 27))) .)) (TOP (S But (NP-SBJ its thirdquarter earnings) (VP rose (PP-DIR to (NP (NP 26 cents) (NP-ADV a share))) (PP-DIR from (NP (NP 18 cents) (NP-ADV a share)) (NP-TMP last year))) .)) (TOP (S (NP-SBJ Capital Associates) (VP dropped (NP-EXT 1) (PP-DIR to (NP 5 3))) .)) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP leases (NP technology equipment)))) ,) (VP reported (NP (NP (ADJP substantially lower) net income) (PP for (NP (NP its fiscal first quarter) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP ended (NP-TMP-CLR Aug. 31)))))))) .)) (TOP (S (NP-SBJ-2 (NP Robert M. Jelenic) , (NP 39) ,) (VP was (VP named (S (NP-SBJ *-2) (NP-PRD (NP (NP president) (PP *RNR*-1)) and (NP (NP chief operating officer) (PP *RNR*-1)) (PP-1 of (NP this (ADJP closely held) publisher)))))) .)) (TOP (S (NP-SBJ The post) (VP had (VP been (ADJP-PRD vacant) (PP-TMP for (NP (QP more than a) year)))) .)) (TOP (S (NP-SBJ Mr. Jelenic) (VP had (VP been (NP-PRD (NP executive vice president) (PP for (NP operations))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP Ralph Ingersoll II) , (NP 43) , (NP (NP chairman) and (NP chief executive)) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP take (PRT on) (NP additional responsibilities) (PP as (NP (NP editor) (PP in (NP chief)) (PP of (NP the company))))))))) .)) (TOP (S (NP-SBJ John Wilpers) (VP resigned (PP-CLR as (NP (NP editor) (PP in (NP chief))))) .)) (TOP (S (NP-SBJ Mr. Ingersoll) (VP remains (NP-PRD (NP editor) (PP in (NP chief)) (PP of (NP (NP (NP the company 's) (ADJP recently launched) daily) , (NP the St. Louis Sun))))) .)) (TOP (S (ADVP Also) , (NP-SBJ-1 (NP Jean B. Clifton) , (NP 28) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP executive vice president) , (NP treasurer) and (NP chief financial officer))))) .)) (TOP (S (NP-SBJ Michael Applebaum) (VP resigned (PP-TMP after (NP (NP (QP less than a) year) (PP-LOC in (NP the posts))))) .)) (TOP (S (NP-SBJ Ms. Clifton) (VP had (VP been (NP-PRD (NP executive financial assistant) (PP to (NP the chairman))))) .)) (TOP (S (ADVP Certainly) (NP-SBJ-1 conservative environmentalists) (VP can (VP defend (NP their limited government position) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP differentiating (PP-CLR between (NP (NP Old Environmentalism) and (NP New Environmentalism)))))) (PRN -LRB- (NP `` (NP-TTL (NP Journalists and Others) (PP for (VP Saving (NP the Planet)))) , '' (PP by (NP David Brooks)) , (NP editorial page) , (NP-TMP Oct. 5)) -RRB-))) .)) (TOP (S (NP-SBJ Old Environmentalism) (VP involved (NP (NP microbe hunters) and (NP sanitationists))) .)) (TOP (S (NP-SBJ It) (VP started (PP with (NP (NP (NP improvements) (PP-LOC in (NP hygiene))) (VP made (S (NP-SBJ *) (ADJP-PRD possible)) (PP by (NP-LGS (NP affordable soap) and (NP washable underwear))) (PP-TMP during (NP the Industrial Revolution)))))) .)) (TOP (S (ADVP-TMP Then) (NP-SBJ-1 (NP cast-iron sewer pipe) and (NP the flush toilet)) (VP were (VP followed (NP *-1) (PP-LGS by (NP sewage - and water-treatment plants)) (PP-TMP toward (NP (NP the end) (PP of (NP the 19th century)))))) .)) (TOP (S (NP-SBJ-1 (NP Medicine) (PP-TMP in (NP the 19th century))) (VP was (VP dedicated (NP *-1) (ADVP mostly) (PP-CLR to (NP (S-NOM (NP-SBJ *) (VP combating (NP sepsis))) and (NP diagnostic analysis))))) .)) (TOP (S (ADVP-TMP Then) (NP-SBJ the 20th century) (VP saw (NP (NP the evolution) (PP of (NP (NP private-sector wonder drugs) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP promulgated (NP medical therapy)))))))) .)) (TOP (S (NP-SBJ The process) (VP (VP (ADVP-MNR dramatically) increased (NP our average life expectancy)) , (VP eliminated (NP much pain)) and (VP (ADVP-MNR constantly) improved (NP health and well-being))) .)) (TOP (S (NP-SBJ-1 Most public-health measures) (VP were (VP handled (NP *-1) (PP-LOC at (NP the local level)))) .)) (TOP (S (NP-SBJ New Environmentalism) (ADVP probably) (VP started (PP-TMP-CLR in (NP 1962)) (PP with (NP (NP the publication) (PP of (NP (NP (NP Rachel Carson 's) book) `` (NP-TTL Silent Spring)))))) . '')) (TOP (S (ADVP-TMP Shortly thereafter) , (NP-SBJ-1 hysterical articles) (VP began (S (NP-SBJ *-1) (VP to (VP appear))) (S-ADV (NP-SBJ *) (VP predicting (SBAR that (S (NP-SBJ advanced industrial societies) (VP would (VP produce (NP a blackened , uninhabitable planet) (PP-TMP (ADVP possibly) by (NP (NP the turn) (PP of (NP the century))))))))))) .)) (TOP (S (NP-SBJ-1 These apocalyptic predictions) (VP were (VP advanced (NP *-1) (PP by (NP-LGS (NP such stalwarts) (PP as (NP (NP Paul Ehrlich) , (NP Barry Commoner) , (NP Rene Dubois) and (NP George Wald))))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Writing (PP-TMP in (NP the 1960s)))) (S (NP-SBJ-2 Ms. Carson) (VP suggested (SBAR that (S (NP-SBJ-1 the human race) (VP could (VP be (VP eliminated (NP *-1) (PP-TMP in (NP 20 years))))))))) , and (S (NP-SBJ Mr. Wald) (VP suggested (SBAR that (S (NP-SBJ (NP life) (PP on (NP earth))) (VP might (VP end (PP-TMP by (NP 1985)))))))) .)) (TOP (S (NP-SBJ Mr. Ehrlich) (VP predicted (NP (NP unprecedented famine) (PP-TMP by (NP 1980)))) .)) (TOP (S (NP-SBJ There) (VP were (NP-PRD many more)) .)) (TOP (S (NP-SBJ-1 (NP Thousands) (PP of (NP chemical products))) (VP were (VP categorized (NP *-1) (PP-CLR as (ADJP carcinogenic)) , (PP with (NP recommendations (SBAR that (S (NP-SBJ-2 they) (VP be (VP banned (NP *-2) (PP-CLR from (NP industrial use)) (SBAR-PRP because (S (NP-SBJ they) (VP produced (NP malignant tumors) (PP-LOC-CLR in (NP overdosed rats))))))))))))) .)) (TOP (SINV (ADJP-TPC-2 Unknown (PP-TMP before (NP 1960))) (VP were (ADJP-PRD *T*-2)) (NP-SBJ (NP the inconclusive effects) (PP of (NP (NP (NP acid rain) , (NP greenhouse warming) and (NP ozone depletion)) , (SBAR (WHNP-1 all (WHPP of (WHNP which))) (S (NP-SBJ *T*-1) (VP required (NP (NP burgeoning political power) and (NP gargantuan expense)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ the New Environmentalists) (VP (ADVP-MNR systematically) opposed (NP (NP the methods) (PP of (NP the Old Environmentalists)))) .)) (TOP (S (NP-SBJ Local pollution problems) (VP require (NP (NP cheap energy) and (NP capital)) (PP-CLR for (NP their solution))) .)) (TOP (S But (NP-SBJ the New Environmentalists) (VP oppose (NP (NP (NP private wealth creation) (PRN -LRB- (SBAR-2 (WHNP-1 which) (PRN , (S (NP-SBJ they) (VP claim (SBAR 0 (SBAR *T*-2)) )) ,) (S (NP-SBJ *T*-1) (VP depletes (NP natural resources)))) -RRB-)) and (NP nuclear power))) (PRN -LRB- (SBAR (ADVP even) though (S (NP-SBJ it) (VP would (VP counteract (NP the greenhouse effect))))) -RRB-) .)) (TOP (S (NP-SBJ They) (VP (VP are (PP-LOC-PRD in (NP (NP the forefront) (PP of (S-NOM (NP-SBJ *) (VP opposing (NP (NP the search) (PP for (NP (NP new landfills and methods) (PP of (NP incineration))))))))))) and (ADVP even) (VP oppose (NP (NP (NP new methods) (PP of (NP research))) (PP such as (NP genetic engineering))))) .)) (TOP (S (NP-SBJ New Environmentalism) (VP is (NP-PRD (NP (NP an emotional attack) (PP on (NP (NP proven methods) (PP of (S-NOM (NP-SBJ *) (VP improving (NP (NP our quality) (PP of (NP life))))))))) and (NP (NP a bid) (PP for (NP political power))))) .)) (TOP (S (NP-SBJ *) (VP Let (NP-1 's) (S (NP-SBJ *-1) (VP rationalize (NP our priorities) (PP-MNR by (S-NOM (NP-SBJ *) (VP solving (NP pollution problems) (PP-LOC at (NP the local level)) (PP-TMP as (FRAG heretofore)))))))) .)) (TOP (NP-HLN (NP Harry Lee Smith) (NP (NP Alpharetta) , (NP Ga)) .)) (TOP (S (NP-SBJ Your story) (VP missed (NP (NP some essential points) (PP of (NP (NP the conference) (PP on `` (NP-TTL (NP The Global Environment) : (SQ Are (NP-SBJ We) (VP Overreacting) ?)) ''))))))) (TOP (S (ADVP First and foremost) , (NP-SBJ (NP the vignettes) (VP presented (NP *) (PP by (NP-LGS the various scientists)))) (VP represent (NP (NP a general consensus) (PP-LOC among (NP (NP specialists) (VP working (PP-LOC-CLR in (NP (NP the respective aspects) (PP of (NP the global environment))))))))) .)) (TOP (S (S (NP-SBJ *) (VP Consider , (PP for (NP example)) , (NP (NP the greenhouse effect) and (NP climate change)))) ; (S (NP-SBJ (NP numerous blue-ribbon scientific committees) , (PP including (NP (NP one) (PP from (NP (NP the National Academy) (PP of (NP Science)))))) ,) (VP judge (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP a (ADJP (QP greater than 50) %) probability) (PP of (NP (NP a grave problem) (PP in (NP the offing)))))))))) .)) (TOP (S (NP-SBJ The point) (VP was (S-PRD (S (NP-SBJ *) (VP to (VP answer (NP (NP the question) (PP-LOC in (NP the conference title)))))) , not (S (NP-SBJ-1 *) (VP to (VP try (S (NP-SBJ *-1) (VP to (VP create (NP news stories) (PP-PRP for (NP the event itself)))))))))) .)) (TOP (SINV Nor was (NP-SBJ it) (VP intended (S (NP-SBJ *) (VP to (VP dictate (NP (NP a set) (PP of (NP prescriptive solutions)))))) , (SBAR-ADV although (S (NP-SBJ-1 various points) (VP were (VP raised (NP *-1)))))) .)) (TOP (S (NP-SBJ-1 Each speaker) (VP was (VP asked (S (NP-SBJ *-1) (VP to (VP (VP address (NP a specific topic)) , not (VP deliver (NP (NP a point) (PP of (NP view))))))))) .)) (TOP (S (NP-SBJ Each scientist) (VP (ADVP-MNR independently) concluded (SBAR 0 (S (NP-SBJ society and government) (VP are (VP underreacting (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP comes (PP to (NP substantive policy change)) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ This) (VP leads (PP-DIR to (NP (NP a (ADJP very special) sense) (PP of (NP urgency))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 the media) (VP decide (S (NP-SBJ *-2) (VP to (VP work (ADVP-MNR harder) (PP-CLR at (S-NOM (NP-SBJ *) (VP educating (NP the public) (PP-CLR about (NP these (ADJP complex and technical) issues))))))))))) , (NP-SBJ-1 that) (ADVP hardly) (VP can (VP be (VP termed (S (NP-SBJ *-1) (NP-PRD non-objective journalism))))) .)) (TOP (S (NP-SBJ The environment) (VP can (ADVP no longer) (VP be (NP-PRD (NP a normal issue) , (S (NP-SBJ-1 *) (VP to (VP be (VP dealt (NP *-1) with (PP on (NP (NP a business-as-usual basis) (PP with (NP (NP comfortable increments) (PP of (NP change))))))))))))) .)) (TOP (S (NP-SBJ We) (VP have (VP (ADVP literally) altered (NP (NP the chemistry and physics) (PP of (NP (NP our planet 's) atmosphere))))) .)) (TOP (S (NP-SBJ This) (VP portends (NP (NP consequences) (PP from (SBAR (WHNP-2 what) (S (NP-SBJ we) (VP have (ADVP-TMP already) (VP done (NP *T*-2)))))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP be (ADJP-PRD very destabilizing (PP to (NP (ADJP social and economic) systems))))))))) .)) (TOP (S (NP-SBJ (NP The problems) (PP of (NP the environment))) (VP are (ADJP-PRD (ADJP (ADJP so interrelated) , (ADJP so inextricably entwined (PP with (NP (NP our current way) (PP of (NP life))))) and (ADJP so large)) (SBAR that (S (NP-SBJ (NP it) (ADJP-PRD *EXP*-2)) (VP is (ADJP-PRD-2 unlikely) (SBAR 0 (S (NP-SBJ we) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *) (VP to (VP address (NP them) (ADVP-MNR effectively))))))))) (SBAR-ADV unless (S (NP-SBJ-1 major changes) (VP are (VP made (NP *-1) (PP-TMP in (NP (QP less than 10) years))))))))))) .)) (TOP (S (NP-SBJ (NP The consensus) (PP from (NP the scientific community))) (VP is (SBAR-PRD that (S (NP-SBJ there) (VP is (NP-PRD sufficient evidence (S (NP-SBJ *) (VP to (VP advise (NP major policy changes))))))))) .)) (TOP (S (INTJ No) , (NP-SBJ we) (VP are not (VP overreacting)) .)) (TOP (NP-HLN (NP Thomas E. Lovejoy) (NP (NP Assistant Secretary) (PP for (NP External Affairs))) (NP-LOC Smithsonian Institution))) (TOP (S (NP-SBJ-1 Coca-Cola Enterprises Inc.) , (S-ADV (NP-SBJ *-1) (VP fulfilling (NP (NP its dismal earnings forecast) (PP for (NP 1989))))) , (VP said (SBAR 0 (S (NP-SBJ its third-quarter net income) (VP fell (NP-EXT 68 %) (PP on (NP flat revenue)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Stung (PP by (NP-LGS (NP higher marketing costs) and (NP slowing volume growth))))) , (NP-SBJ-1 the giant Coke bottling operation) (VP said (SBAR 0 (S (NP-SBJ net) (VP fell (PP-DIR to (NP (NP (QP $ 12.7 million) *U*) , or (NP (NP six cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 39.9 million) *U*) , or (NP (NP 26 cents) (NP-ADV a share))) , (ADVP-TMP (NP the year) earlier)))))) .)) (TOP (S (NP-SBJ The results) (VP met (NP (NP estimates) (PP of (NP (NP analysts) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (ADVP-TMP already) (VP slashed (NP their projections) (SBAR-TMP after (S (NP-SBJ the company) (VP said (PP-TMP in (NP late August)) (SBAR that (S (NP-SBJ its 1989 earnings) (VP could (VP tumble (NP-EXT (QP as much as 37) %)))))))))))))))) .)) (TOP (S (NP-SBJ A company spokesman) (VP said (NP-TMP yesterday) (SBAR that (S (NP-SBJ Coca-Cola Enterprises) (VP sticks (PP-CLR by (NP its 1989 forecast)))))) .)) (TOP (S (NP-SBJ Third-quarter revenue) (VP was (ADJP-PRD flat) (PP at (NP (QP $ 1.02 billion) *U*))) .)) (TOP (S (NP-SBJ The year-ago results) , (ADVP however) , (VP included (NP (NP the operations) (PP of (NP (NP a bottling business) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP sold (NP *-1) (NP-TMP last December))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Excluding (NP that bottling business))) , (NP-SBJ-1 (NP (NP Coca-Cola Enterprises ') volume) , (VP measured (NP *) (PP by (NP-LGS (NP cases) (PP of (NP soda))))) ,) (VP rose (NP-EXT (QP only 1) %)) .)) (TOP (S (NP-SBJ The volume) (VP is (PP-PRD (PP (ADVP well) below (NP (NP (NP the industry 's) (QP 4 % to 5 %) growth rate) (PP of (NP recent years)))) , but (PP in (NP (NP line) (PP with (NP other soft-drink companies)))) (PP-TMP for (NP the third quarter)))) .)) (TOP (S (NP-SBJ The latest third-quarter volume) (ADVP also) (VP compares (PP-CLR with (NP (NP a (ADJP very strong) (ADJP 10 %) growth) (PP-TMP in (NP the year-ago quarter))))) .)) (TOP (S (NP-SBJ Coca-Cola Enterprises) (VP blamed (NP the lower volume) (PP-CLR on (NP (NP its soft-drink prices) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP were (ADJP-PRD (ADJP (QP about 3) %) higher) (PP-TMP in (NP the third quarter)))))))) .)) (TOP (S (NP-SBJ-1 Consumers) (VP have (VP been (VP accustomed (NP *-1) (PP-CLR to (S-NOM (NP-SBJ *) (VP buying (NP soft-drinks) (PP at (NP discounted prices))))) (PP-TMP for (NP several years))))) .)) (TOP (S (NP-SBJ Coca-Cola Enterprises) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP had (S (NP-SBJ *-1) (VP to (VP boost (NP (NP spending) (PP for (NP trade and dealer incentives))) (S-PRP (NP-SBJ-2 *) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP keep (NP-3 volumes) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP slipping)))))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (SBAR 0 (S (NP-SBJ consumers) (VP will (VP adjust (PP-CLR to (NP higher-priced soft drinks)))))))))) .)) (TOP (S (NP-SBJ A spokesman) (VP attributed (NP (NP the bulk) (PP of (NP (NP a (ADJP 14 %) increase) (PP in (NP (UCP selling , administrative and general) expenses)) (PRN -- (PP to (NP (QP $ 324.9 million) *U*)) --)))) (PP-CLR to (NP marketing costs))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ They) (VP 're (PP-PRD out (NP there)) (S (NP-SBJ *) (VP promoting (PP like (ADJP crazy)))) , (S-ADV (NP-SBJ *) (VP trying (S (NP-SBJ *) (VP to (VP get (S (NP-SBJ prices) (ADJP-PRD up)) (PP-MNR by (NP promotion))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Roy Burry) , (NP (NP an analyst) (PP with (NP Kidder , Peabody & Co)))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ (NP Coca-Cola Enterprises ') net) (VP fell (NP-EXT 31 %) (PP-DIR to (NP (NP (QP $ 65 million) *U*) , or (NP (NP 39 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 93.8 million) *U*) , or (NP (NP 63 cents) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP was (ADJP-PRD flat) (PP at (NP about (QP $ 2.97 billion) *U*))) .)) (TOP (S (NP-SBJ (NP Coca-Cola Enterprises) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD 49%-owned (PP by (NP Coca-Cola Co.)))))) ,) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP repurchased (NP (NP (QP about 1.2 million)) (PP of (NP its common shares))) (PP-TMP during (NP the third quarter)))))) .)) (TOP (S (NP-SBJ The buy-back) (VP is (NP-PRD (NP part) (PP of (NP (NP a 25-million-share repurchase plan) , (SBAR (WHPP-1 under (WHNP which)) (S (NP-SBJ Coca-Cola Enterprises) (ADVP-TMP so far) (VP has (VP acquired (NP (NP a total) (PP of (NP (QP 9.7 million) shares))) (PP-LOC *T*-1))))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ (ADJP Purchase , N.Y.-based) PepsiCo Inc.) , (SBAR-ADV as (S (NP-SBJ-1 *) (VP expected (NP *-1)))) , (VP said (SBAR 0 (S (NP-SBJ fiscal third-quarter net) (VP rose (NP-EXT 11 %) (PP-DIR to (NP (NP (QP $ 269.3 million) *U*) , or (NP (NP $ 1.02 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 241.6 million) *U*) , or (NP (NP 91 cents) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 25 %) (PP-DIR to (NP (QP $ 3.90 billion) *U*)) (PP-DIR from (NP (QP $ 3.13 billion) *U*))) .)) (TOP (S (NP-SBJ (NP The year-ago quarter 's) results) (VP include (NP (NP an after-tax charge) (PP of (NP (QP $ 5.9 million) *U*)) (PP from (NP (NP the sale) (PP of (NP (NP a winery) (PP-LOC in (NP Spain)))))))) .)) (TOP (S (PP In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ Coca-Cola Enterprises) (VP closed (PP-CLR at (NP (NP $ 16.375 *U*) (NP-ADV a share))) , (ADVP down (NP 62.5 cents))) .)) (TOP (S (NP-SBJ PepsiCo) (VP closed (PP-CLR at (NP (NP $ 58.50 *U*) (NP-ADV a share)) ,) (ADVP up (NP $ 1.375 *U*))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ-1 L.J. Hooker Corp.) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP reach (NP (NP an agreement (S *ICH*-2)) (PP in (NP principle)) (NP-TMP this week) (S-2 (NP-SBJ *) (VP to (VP sell (NP Merksamer Jewelers Inc.) (PP-DTV to (NP management)))))))))))) , (VP say (SBAR 0 (S *T*-3))) (NP-SBJ (NP executives) (ADJP familiar (PP with (NP the talks)))) .)) (TOP (S (NP-SBJ (NP L.J. Hooker) , (VP based (NP *) (PP-LOC-CLR in (NP Atlanta))) ,) (VP filed (PP-CLR for (NP Chapter 11 bankruptcy protection)) (ADVP-TMP earlier (NP this year))) .)) (TOP (S (ADVP-TMP Currently) , (NP-SBJ-1 (NP its parent company) , (NP (NP Hooker Corp.) (PP of (NP (NP Sydney) , (NP Australia)))) ,) (VP is (VP being (VP managed (NP *-1) (PP-LGS by (NP a court-appointed liquidator))))) .)) (TOP (S (NP-SBJ-1 It) (VP is (VP expected (NP *-1) (SBAR that (S (NP-SBJ (NP GE Capital Corp.) , (NP (NP a financial-services subsidiary) (PP of (NP General Electric Co.))) ,) (VP will (VP provide (NP (QP much of) (NP (NP the funding) (PP for (NP (NP the proposed leveraged buy-out) (PP of (NP (NP Merksamer) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Sacramento) , (NP Calif)))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP A spokesman) (PP for (NP GE Capital))) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ GE Capital) (VP has (NP (NP a working relationship) (PP with (NP L.J. Hooker)))) .)) (TOP (S (NP-SBJ-1 It) (VP (VP is (VP providing (NP (NP (QP $ 50 million) *U*) (PP in (NP emergency financing))) (PP-CLR to (NP the company)))) and (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP as much) (PP as (NP (NP (QP $ 75 million) *U*) (PP in (NP receivables))))) (PP-CLR from (NP (NP (NP B. Altman & Co.) and (NP Bonwit Teller)) , (NP (NP L.J. Hooker 's) two (ADJP fully owned) department-store chains))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Sam Merksamer) , (NP (NP chief executive officer) (PP of (NP the nationwide jewelry chain))) ,) and (NP (NP Sanford Sigoloff) , (NP (NP chief executive) (PP of (NP L.J. Hooker Corp.))) ,)) (NP-ADV both) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (S (ADVP-TMP Currently) , (NP-SBJ Mr. Merksamer) (VP owns (NP (NP 20 %) (PP of (NP the company))))) ; (S (NP-SBJ L.J. Hooker) (VP acquired (NP (NP its 80 % interest) (PP-LOC in (NP the firm))) (PP-TMP in (NP May 1986)))) .)) (TOP (S (PP-TMP At (NP the time)) , (NP-SBJ the Merksamer chain) (VP had (S (NP-SBJ 11 stores) (PP-PRD in (NP operation)))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ there) (VP are (NP-PRD (NP 77 units) , (ADJP (NP all) located (PP in (NP shopping malls))))) .)) (TOP (SINV (S-TPC-3 (PP-TMP In (NP recent weeks)) (NP-SBJ Mr. Merksamer) (VP has (VP (VP approached (NP (NP a number) (PP of (NP his suppliers)))) and (VP asked (NP-1 them) (S (NP-SBJ *-1) (VP to (VP provide (NP (NP letters) (PP of (NP intent)) (VP saying (SBAR 0 (S (NP-SBJ-2 they) (VP will (VP continue (S (NP-SBJ *-2) (VP shipping (NP merchandise) (PP-CLR to (NP the chain)))) (PP-TMP following (NP the buy-out))))))))))))))) , (VP say (SBAR 0 (S *T*-3))) (NP-SBJ (NP those) (ADJP familiar (PP with (NP the situation)))) .)) (TOP (S (S (NP-TMP This year) , (NP-SBJ (NP a number) (PP of (NP retail leveraged buyouts))) (VP have (VP failed) , (S-ADV (NP-SBJ *) (VP causing (NP jitters) (PP-LOC among (NP suppliers)))))) , and (S (NP-SBJ Mr. Merksamer) (ADVP apparently) (VP wanted (NP assurances (SBAR that (S (NP-SBJ he) (VP wo n't (VP have (NP delivery problems)))))))) .)) (TOP (S (PP-TMP For (NP (NP the year) (VP ended (NP-TMP-CLR June 30 , 1989)))) , (NP-SBJ Merksamer Jewelers) (VP had (NP (NP (NP (QP $ 62 million) *U*) (PP of (NP revenue))) and (NP (NP operating profit) (PP of (NP (QP $ 2.5 million) *U*))))) .)) (TOP (S (NP-SBJ-1 The jewelery chain) (VP was (VP put (NP *-1) (ADVP-PUT up) (PP for (NP sale)) (PP-TMP in (NP June)))) .)) (TOP (S (PP According (PP to (NP (NP those) (ADJP familiar (PP with (NP the situation)))))) , (NP-SBJ other bidders) (VP included (NP (NP (NP Ratners Group PLC) (PP of (NP London))) and (NP Kay Jewelers Inc))) .)) (TOP (S (NP-SBJ First Boston Corp.) (VP is (VP advising (NP L.J. Hooker) (PP-CLR on (NP (NP the sale) (PP of (NP the Merksamer business)))))) .)) (TOP (S (NP-SBJ Merksamer) (VP was (NP-PRD the first) (PP in (NP (NP a series) (PP of (NP (NP retail acquisitions) (VP made (NP *) (PP by (NP-LGS L.J. Hooker)))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP was (VP founded (NP *-1) (PP-LOC-CLR in (NP Sacramento)) (PP-TMP in (NP 1929)) (PP by (NP-LGS (NP (NP two brothers) , (NP Ralph and Walter Merksamer)) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP operated (PP-CLR as (NP (NP DeVon 's) Jewelers))))))))) .)) (TOP (S (PP-TMP In (NP 1979)) , (NP-SBJ the pair) (VP split (NP the company) (PP-CLR in (NP half)) , (PP with (S-NOM (NP-SBJ-1 (NP Walter) and (NP (NP his son) , (NP Sam) ,)) (VP agreeing (S (NP-SBJ *-1) (VP to (VP operate (PP-LOC under (NP the Merksamer Jewelery name))))))))) .)) (TOP (S (NP-SBJ (NP The sale) (PP of (NP Merksamer Jewelers))) (VP is (ADJP-PRD subject (PP to (NP (NP approval) (PP by (NP (NP Judge Tina Brozman) (PP of (NP U.S. Bankruptcy Court)))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 *) (ADVP-TMP earlier) (VP reported (NP *-1)))) , (NP-SBJ L.J. Hooker) (NP-TMP this week) (VP received (NP (NP a (ADJP (QP $ 409 million) *U*) bid) (PP for (NP (NP its three shopping malls) , plus (NP other properties)))) (PP-CLR from (NP (NP a consortium) (VP led (NP *) (PP by (NP-LGS (NP Honolulu real-estate investor Jay Shidler) and (NP (NP A. Boyd Simpson) , (NP (NP an Atlanta developer) and (NP former L.J. Hooker senior executive))))))))) .)) (TOP (S (NP-SBJ-1 (NP The offer) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP did n't (VP include (NP the Merksamer chain))))) ,) (VP is (VP being (VP reviewed (NP *-1) (PP by (NP-LGS Mr. Sigoloff))))) .)) (TOP (S (NP-SBJ-2 Robert J. Regal) (VP was (VP named (S (NP-SBJ *-2) (NP-PRD (NP (NP president) (PP *RNR*-1)) and (NP (NP chief executive officer) (PP *RNR*-1)) (PP-1 of (NP (NP this company 's) Universal-Rundle Corp. unit)))))) .)) (TOP (S (NP-SBJ Mr. Regal) (VP had (VP been (NP-PRD (NP (NP president) (PP *RNR*-2)) and (NP (NP chief executive) (PP *RNR*-2)) (PP-2 of (NP RBS Industries Inc))))) .)) (TOP (S (NP-SBJ (NP Robert H. Carlson) , (NP (NP previous (NX (NX president) and (NX chief executive))) (PP of (NP Universal-Rundle))) ,) (VP will (VP assume (NP (NP the title) (PP of (NP (NP chairman) (PP of (NP (NP the unit) , (NP a vitreous-china maker)))))))) .)) (TOP (S (NP-SBJ-1 (NP The days) (PP *ICH*-2)) (VP may (VP be (VP numbered (NP *-1) (PP-2 for (NP (NP animated shows) (VP featuring (NP (NP Alf) , (NP the Karate Kid) and (NP the Chipmunks)))))))) .)) (TOP (S (NP-SBJ-2 (NP NBC) , (NP (NP (NP a leader) (PP-LOC in (NP morning , prime-time and late night programs))) but (NP (NP an also-ran) (PP-TMP on (NP (NP Saturday mornings) , (SBAR (WHADVP-1 when) (S (NP-SBJ children) (VP rule (NP the TV set) (ADVP-TMP *T*-1)))))))) ,) (VP is (VP contemplating (S (NP-SBJ *-2) (VP getting (ADVP-CLR out (PP of (NP the cartoon business))))))) .)) (TOP (S-2 (ADVP Instead) (PRN , (NP-SBJ network officials) (VP say (SBAR 0 (S *T*-2))) ,) (NP-SBJ it) (VP may (VP `` counterprogram '' (PP-CLR with (NP (NP shows) (PP for (NP (NP an audience) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADVP virtually) (VP ignored (PP-TMP in (NP that time period)))))) : (NP adults))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ There) (VP is (NP-PRD (NP talk) (PP of (NP some revamping))))) and (S (NP-SBJ we) (VP 're (ADVP certainly) (VP heading (PP-DIR in (NP (NP the direction) (PP of (NP (ADJP less and less) animation)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Joseph S. Cicero) , (NP (NP vice president) (PP of (NP finance and administration)) (PP for (NP (NP National Broadcasting Co.) , (NP (NP a unit) (PP of (NP General Electric Co))))))) .)) (TOP (S (NP-SBJ Mr. Cicero) (VP said (SBAR that (S (NP-SBJ (NP NBC Entertainment president Brandon Tartikoff) , (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP declined (S (NP-SBJ-1 *-3) (VP to (VP be (VP interviewed (NP *-1)))))))) ,) (VP (VP is `` (VP looking (PP-CLR at (NP options)) (ADVP-TMP now))) and (VP may (VP put (NP some things) (PP-PUT into (NP the schedule)) (PP-TMP by (NP mid-season)))))))) . '')) (TOP (S (NP-SBJ-1 He) (VP declined (S (NP-SBJ *-1) (VP to (VP elaborate)))) .)) (TOP (S (NP-SBJ (NP NBC 's) options) (VP could (VP range (PP (PP from (NP news-oriented programming)) (PP to (NP sports shows))) , (SBAR-ADV although (S (NP-SBJ-1 the network) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))))))) .)) (TOP (S (NP-SBJ-1 (NP One major NBC affiliate) , (NP (NP KCRA) (PP-LOC in (NP Sacramento))) ,) (VP plans (S (NP-SBJ *-1) (VP to (VP (VP cancel (NP the NBC Saturday morning line-up) (PP-TMP as of (NP January))) and (VP replace (NP it) (PP-CLR with (NP a local newscast))))))) .)) (TOP (S (NP-SBJ-1 The one-hour program) (VP will (VP be (VP repeated (NP *-1) (PP-MNR with (NP updates)) (PP-TMP throughout (NP Saturday mornings))))) .)) (TOP (SINV `` (S-TPC-3 (S (NP-SBJ We) (VP feel (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP an opportunity) (PP for (NP (NP an audience) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP is not (VP being (VP served (NP *-1) (PP by (NP-LGS any network))))))))))))))) , so (S (NP-SBJ we) (VP want (S (NP-SBJ *) (VP to (VP take (NP the lead))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP (NP KCRA 's) general manager) , (NP John Kueneke)) .)) (TOP (S `` (NP-SBJ We) (VP do n't (VP need (NP cartoons) (ADVP-TMP anymore))) .)) (TOP (S (NP-SBJ They) (ADVP only) (VP accounted (PP-CLR for (NP (NP 5 %) , (ADVP at best) , (PP of (NP (NP the station 's) total revenues))))) . '')) (TOP (S (NP-SBJ An NBC spokesman) (VP (VP says (SBAR 0 (S (NP-SBJ the network) (VP will (VP `` (ADVP-MNR closely) monitor '' (NP the Sacramento situation)))))) , and (VP says (SBAR 0 (S (NP-SBJ it) (VP is (NP-PRD (NP the only station) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP defect)))))))))) .)) (TOP (S (NP-SBJ (NP Spokesmen) (PP for (NP (NP the television networks) (PP of (NP (NP CBS Inc.) and (NP Capital Cities/ABC Inc.)))))) , (VP say (SBAR 0 (S (NP-SBJ there) (VP are (NP-PRD no plans (S (NP-SBJ *) (VP to (VP alter (NP (NP (NP the children 's) line-up) (PP-TMP on (NP Saturday mornings))))))))))) .)) (TOP (S (NP-SBJ (NP The youthful audience) (PP for (NP Saturday programming))) (VP is (ADVP-TMP no longer) (ADJP-PRD dependent (PP on (NP the networks)))) .)) (TOP (S (NP-SBJ There) (VP has (VP been (NP-PRD (NP (NP a surge) (PP in (NP (NP syndicated (NP children 's) shows) (PP to (NP independent stations))))) , (CONJP as well as) (NP (NP competition) (PP (PP from (NP (NP videocassettes) (PP for (NP kids)))) and (PP from (NP (NP cable outlets) (PP such as (NP (NP Nickelodeon) and (NP the Disney Channel)))))))))) .)) (TOP (S (S (PP-TMP At (NP the same time)) , (NP-SBJ there) (VP appears (S (NP-SBJ *) (VP to (VP be (NP-PRD (NP a market) (PP for (NP news-oriented programming)))))))) ; (S (NP-SBJ (NP Turner Broadcasting System Inc. 's) Cable News Network) (VP has (NP its highest ratings) (PRN , (ADVP outside (PP of (NP prime time))) ,) (PP-TMP on (NP Saturday mornings)))) .)) (TOP (S (NP-SBJ NBC) (VP has (PP-TMP on (NP previous occasions)) (VP considered (VP replacing (NP cartoons) (PP-CLR with (NP (NP a Saturday version) (PP of (NP `` (NP Today) , '' (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP produced (NP *-1) (PP by (NP-LGS NBC News))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP The network 's) own production company) , (NP NBC Productions) ,) (VP supplies (NP (NP a half-hour family-oriented show) (VP titled (S (NP-SBJ *) `` (NP-TTL-PRD (S (NP-SBJ *) (VP Saved (PP By (NP-LGS The Bell))))))))) . '')) (TOP (S (NP-SBJ (NP NBC Productions) or (NP NBC News)) (VP could (VP (VP supply (NP the network) (PP-CLR with (NP other Saturday morning shows))) , (NP (NP a move) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP control (NP costs)))))))) .)) (TOP (S (NP-SBJ (NP Animated shows) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP are (VP made (NP *-1) (PP by (NP-LGS outside production companies)))))) ,) (VP cost (NP the network) (NP-CLR (NP (QP about $ 300,000) *U*) (PP per (NP episode)))) .)) (TOP (S (NP-SBJ Rohm & Haas Co.) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP skidded (NP-EXT 35 %) (PP-DIR to (NP (NP (QP $ 32.6 million) *U*) , or (NP (NP 49 cents) (NP-ADV a share)))))))) .)) (TOP (S (PP-TMP In (NP the year-earlier quarter)) , (NP-SBJ the chemicals company) (VP had (NP (NP net) (PP of (NP (NP (QP $ 49.8 million) *U*) , or (NP (NP 75 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Sales) (VP were (NP-PRD (NP (QP $ 623 million) *U*) , (ADVP up (NP 0.5 %) (PP from (NP (QP $ 619.8 million) *U*) (ADVP-TMP (NP a year) ago))))) .)) (TOP (S (NP-SBJ (NP Rohm & Haas) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP plans (S (NP-SBJ-3 *-2) (VP to (VP start (S (NP-SBJ *-3) (VP operating (NP seven new production units))) (NP-TMP this year))))))) ,) (VP attributed (NP the profit slide) (PP-CLR (ADVP partly) to (NP higher start-up expense))) .)) (TOP (S (NP-SBJ The company) (ADVP also) (VP cited (NP (NP the stronger dollar) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP cuts (NP (NP the value) (PP of (NP overseas profit))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 it) (VP is (VP translated (NP *-1) (PP-CLR into (NP dollars)) (ADVP-TMP *T*-3)))))))))) .)) (TOP (S-2 (PP In (NP addition)) (PRN , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) ,) (NP-SBJ-1 it) (VP was (VP hurt (NP *-1) (PP by (NP-LGS (NP (ADJP higher (PP than (ADJP previous-year))) costs) (PP for (NP raw materials)))) , (SBAR-ADV though (S (NP-SBJ those costs) (VP have (VP declined (PP-TMP since (NP the second quarter)))))))) .)) (TOP (S (NP-SBJ (NP (ADJP Incrementally higher) production) (PP of (NP (NP those chemicals) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP remain (PP-PRD in (NP heavy demand)))))))) (ADVP also) (VP has (VP forced (S (ADJP-PRD up) (NP-SBJ (NP costs) , (PP (ADVP such) as (NP overtime pay)))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ Rohm & Haas net) (VP totaled (NP-CLR (NP (QP $ 155 million) *U*) , or (NP (NP $ 2.33 *U*) (NP-ADV a share)) , (ADVP down (NP 17 %) (PP from (NP (NP (QP $ 187.8 million) *U*) , or (NP (NP $ 2.82 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) ago))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 5.2 %) (PP-DIR to (NP (QP $ 2.04 billion) *U*)) (PP-DIR from (NP (QP $ 1.94 billion) *U*) (NP-TMP the previous year))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Rohm & Haas) (VP closed (PP-CLR at (NP (NP $ 33 *U*) (NP-ADV a share))) , (ADVP down (NP $ 1.75 *U*))) .)) (TOP (S (NP-SBJ-2 (NP Michael A. Gaskin) , (ADJP (NP 55 years) old) ,) (VP was (VP named (S (NP-SBJ *-2) (NP-PRD (NP (NP president) (PP *RNR*-1)) and (NP (NP chief executive officer) (PP *RNR*-1)) (PP-1 of (NP (NP this manufacturer) (PP of (NP industrial robots)))))) , (S-ADV (NP-SBJ *-2) (VP succeeding (NP Walter K. Weisel))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Mr. Weisel) , (NP 49) ,) (VP (VP resigned (PP-CLR as (NP (NP president) and (NP chief executive)))) and (VP will (VP work (PP-CLR on (NP special projects)))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP John J. Wallace) , (NP chairman)) .)) (TOP (S (NP-SBJ Mr. Gaskin) (VP (VP (ADVP-TMP formerly) was (NP-PRD (NP (NP president) (PP *RNR*-2)) and (NP (NP chief executive) (PP *RNR*-2)) (PP-2 of (NP Taylor & Gaskin Inc.)))) and (VP was (NP-PRD (NP a director) (PP of (NP Prab Robots))) (PP-TMP since (NP 1985)))) .)) (TOP (S (NP-SBJ-2 Stephen N. Wertheimer) (VP was (VP named (S (NP-SBJ *-2) (NP-PRD (NP (NP managing director) (PP *RNR*-1)) and (NP (NP group head) (PP *RNR*-1)) (PP-1 of (NP (NP (NP investment banking) (PP-LOC in (NP Asia))) , (VP based (NP *) (PP-LOC-CLR in (NP Tokyo))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Wertheimer) , (ADJP (NP 38 years) old) ,) (VP had (VP been (NP-PRD (NP a first vice president) (PP-LOC in (NP (NP the industrial group) (PP-LOC in (NP investment banking))))))) .)) (TOP (S (NP-SBJ He) (VP succeeds (NP (NP Everett Meyers) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP resigned (PP-TMP in (NP May))))))) .)) (TOP (S (NP-SBJ-1 This) (VP is (VP written (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP correct (NP (NP a misquotation) (PP-LOC in (NP (NP your Oct. 3 article) `` (NX-TTL (S (NP-SBJ-2 (NP Deaths) (PP From (NP Advanced Colon Cancer))) (VP Can (VP Be (VP Reduced (NP *-2) (PP-MNR by (S-NOM (NP-SBJ *) (VP Using (NP Two Drugs))))))))))))))))) . '')) (TOP (S (PP-LOC In (NP this article)) , (NP-SBJ-1 I) (VP was (VP alleged (S (NP-SBJ *-1) (VP to (VP have (VP said , (SBAR 0 `` (S (NP-SBJ (NP Any patient) (PP with (NP high-risk colon cancer))) (VP is (ADVP really) (VP getting (NP short shrift) (SBAR-ADV if (S (NP-SBJ he) (VP 's not (VP getting (NP this therapy))))))))))))))) . '')) (TOP (S (S (NP-SBJ I) (VP did n't (VP say (NP this)))) , and (S (NP-SBJ I) (VP 'm (VP (ADVP totally) opposed (PP to (NP (NP the philosophy) (VP expressed (NP *) (PP by (NP-LGS the quote)))))))) .)) (TOP (S (NP-SBJ I) (VP (VP have not (VP offered)) and (VP will not (VP offer (NP (NP routine therapy) (PP with (NP (NP the two drugs) , (NP levamisole and 5-fluorouracil)))) , (PP-DTV to (NP (NP any) (PP of (NP my colon-cancer patients))))))) .)) (TOP (S (S (PP-MNR With (NP this treatment)) (NP-SBJ we) (VP have (VP reduced (NP (NP deaths) (PP in (NP high-risk colon cancer))) (PP-EXT by (NP one-third))))) -- but (S (NP-SBJ this) (VP leaves (NP (NP the two-thirds) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (VP dying (PP-CLR of (NP cancer))))))))) .)) (TOP (S (NP-SBJ This) (VP is not (ADJP-PRD nearly good enough)) .)) (TOP (S (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ (NP any physician) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP truly) (VP cares (PP-CLR about (NP cancer patients)) , (NP-TMP both today and tomorrow))))) , (VP should (VP offer (NP (NP the hope) (PP of (NP (NP something) (ADJP (ADJP better) (PP than (NP that))))))))))) .)) (TOP (S (NP-SBJ (NP My statement) , (VP read (ADVP-MNR verbatim) (PP from (NP (NP a printed text) (ADJP available (PP to (NP (NP all reporters) (VP attending (NP the National Cancer Institute news conference)))))))) ,) (VP was (NP-PRD (NP the following) : `` (S (NP-SBJ-1 New clinical trials) (VP are (ADVP-TMP already) (PP-PRD in (NP operation)) (S-ADV (NP-SBJ *-1) (VP seeking (S (NP-SBJ *) (VP to (VP improve (NP these results)))))))))) .)) (TOP (S (NP-SBJ These research protocols) (VP offer (PP-DTV to (NP the patient)) (NP not only (NP (NP the (ADJP very best) therapy) (SBAR (WHNP-1 which) (S (NP-SBJ we) (VP have (VP established (NP *T*-1) (NP-TMP today)))))) but also (NP (NP the hope) (PP of (NP (NP something) (ADJP still better)))))) .)) (TOP (S (NP-SBJ I) (VP feel (SBAR 0 (S (NP-SBJ (NP any patient) (PP with (NP high-risk cancer))) (VP is (VP getting (NP short shrift) (SBAR-ADV if (S (NP-SBJ he) (VP is not (VP offered (NP this opportunity)))))))))) . '')) (TOP (S (NP-SBJ We) (VP have (NP (NP (ADJP very exciting) prospects) (PP for (NP (NP (ADJP far more impressive) advances) (PP-LOC in (NP (NP the treatment) (PP of (NP colon cancer)))))) (PP-TMP during (NP (NP the years) (ADJP immediately ahead))))) .)) (TOP (S (NP-SBJ-1 This hope) , (ADVP however) , (VP will (ADVP-TMP never) (VP be (VP realized (NP *-1) (SBAR-ADV if (S (NP-SBJ we) (VP use (NP levamisole and 5-fluorouracil) (PP-CLR as (NP a stopping point)))))))) .)) (TOP (NP-HLN (NP Charles G. Moertel M.D .) (NP (NP Mayo Clinic) (NP (NP Rochester) , (NP Minn))) .)) (TOP (S (NP-SBJ (NP The oil and auto industries) , (VP united (NP *) (PP-LOC in (NP (NP their dislike) (PP of (NP (NP (NP President Bush 's) proposal) (PP for (NP (NP cars) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP run (PP-MNR on (NP alternative fuels)))))))))))) ,) (VP announced (NP (NP a joint research program) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP could (VP turn (PRT up) (NP a cleaner-burning gasoline))))))) .)) (TOP (S (NP-SBJ (NP Officials) (PP of (NP (NP the Big Three auto makers) and (NP 14 petroleum companies)))) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP are (VP setting (PRT out) (S (NP-SBJ *-1) (VP to (VP find (NP (NP the (ADJP most cost-effective) fuel) (PP for (S-NOM (NP-SBJ *) (VP reducing (NP (NP cities ') air-pollution problems)))))))) , (PP with (NP (NP no bias) (PP toward (NP (NP any fuel) (PP in (NP particular))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ their search) (ADVP notably) (VP wo n't (VP include (NP (NP (NP natural gas) or (NP pure methanol)) (PRN -- (NP the two front-running alternative fuels) --)) (PP in (NP (NP tests) (SBAR (WHNP-2 0) (S (NP-SBJ-3 *T*-2) (VP to (VP be (VP completed (NP *-3) (PP-TMP by (NP next summer))))))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ the tests) (VP will (VP focus (ADVP-MNR heavily) (PP-LOC-CLR on (NP (NP (NP new blends) (PP of (NP gasoline))) , (SBAR (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (ADVP-TMP still) (ADJP-PRD undeveloped)))) but (SBAR (WHNP-3 which) (S (NP-SBJ the petroleum industry) (VP has (VP been (VP touting (NP *T*-3) (PP-CLR as (NP (NP a solution) (PP for (NP (NP automobile pollution) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP is (VP choking (NP urban areas))))))))))))))))))) .)) (TOP (S (NP-SBJ Environmentalists) (VP criticized (NP the program) (PP-CLR as (NP merely a public-relations attempt (S (NP-SBJ *) (VP to (VP head (PRT off) (NP a White House proposal (S (NP-SBJ *) (VP to (VP require (NP (NP (NP a million cars) (NP-ADV a year)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP run (PP-MNR on (NP cleaner-burning fuels)))))))))) (PP-TMP by (NP 1997)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ major oil companies) (VP have (VP been (VP experimenting (PP-CLR with (NP cleaner-burning gasoline blends)) (PP-TMP for (NP years))))))) , (NP-SBJ only Atlantic Richfield Co.) (VP is (ADVP-TMP now) (VP marketing (NP (NP a lower-emission gasoline) (PP for (NP (NP older cars) (VP (ADVP-TMP currently) running (PP-MNR on (NP leaded fuel)))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ The initial (ADJP (QP $ 11 million) *U*) research program) (VP will (VP conduct (NP (NP the (ADJP most extensive (PP *ICH*-1)) testing) (PP-1 to (NP date)) (PP of (NP reformulated gasolines)))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Joe Colucci) , (NP (NP head) (PP of (NP fuels and lubricants)) (PP-LOC at (NP General Motors Corp. research laboratories)))) .)) (TOP (S (NP-SBJ It) (VP will (VP compare (NP (NP 21 different blends) (PP of (NP gasolines))) (PP-CLR with (NP (NP three mixtures) (PP of (NP (ADJP (QP up to 85) %) methanol)))))) .)) (TOP (S (NP-SBJ (NP (NP A second phase) (PP of (NP research))) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (ADVP-TMP still) (VP being (VP planned (NP *-1)))))) ,) (VP will (VP test (NP reformulated gasolines) (PP-LOC-CLR on (NP (NP newer engine technologies) (ADVP-TMP now) (VP being (VP developed (PP-PRP for (NP (NP use) (PP-LOC in (NP 1992 or 1993 cars)))))))))) .)) (TOP (S (NP-SBJ There) (VP was (NP-PRD (NP no cost estimate) (PP for (NP the second phase)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The whole idea here) (VP is (SBAR-PRD 0 (S (NP-SBJ the automobile and oil companies) (VP have (NP joint customers)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Keith McHenry) , (NP (NP a senior vice president) (PP of (NP technology)) (PP-LOC at (NP Amoco Corp)))) .)) (TOP (S `` And (NP-SBJ we) (VP are (VP looking (PP-CLR for (NP (NP the (ADJP most cost-effective) way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP clean (PRT up) (NP the air) (ADVP-MNR *T*-1))))))))) . '')) (TOP (S But (NP-SBJ (NP David Hawkins) , (NP (NP an environmental lawyer) (PP with (NP the Natural Resources Defense Council))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the research) (VP appears (ADVP merely) (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP promote (NP reformulated gasoline) (ADVP-MNR *T*-2))))))))))))) .)) (TOP (S (NP-SBJ Oil and auto companies) (VP supported (NP (NP a move (S *ICH*-1)) (PP-LOC on (NP Capitol Hill)) (NP-TMP last week) (S-1 (NP-SBJ *) (VP to (VP gut (NP (NP Mr. Bush 's) plans (S (NP-SBJ *) (VP to (VP require (S (NP-SBJ-2 auto makers) (VP to (VP begin (S (NP-SBJ *-2) (VP selling (NP alternative-fueled cars))) (PP-TMP by (NP 1995)))))))))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ a House subcommittee) (VP adopted (NP (NP a clean-fuels program) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP specifically) (VP mentions (NP reformulated gasoline) (PP-CLR as (NP an alternative))))))) .)) (TOP (S (NP-SBJ The Bush administration) (VP has (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP try (S (NP-SBJ *-1) (VP to (VP resurrect (NP its plan) (SBAR-TMP *PPA*-2)))) (SBAR-TMP-2 (WHADVP when) (S (NP-SBJ the House Energy and Commerce Committee) (VP takes (PRT up) (NP a comprehensive clean-air bill)))))))))) .)) (TOP (S (NP-SBJ (NP William Seidman) , (NP (NP chairman) (PP of (NP the Federal Deposit Insurance Corp.))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 Lincoln Savings & Loan Association) (VP should (VP have (VP been (VP seized (NP *-1) (PP by (NP-LGS the government)) (PP-TMP in (NP 1986)) (S-PRP (NP-SBJ *) (VP to (VP contain (NP (NP losses) (SBAR (WHNP that) (S (NP-SBJ he) (VP estimated (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP will (VP cost (NP taxpayers) (NP (QP as much as $ 2 billion) *U*))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Seidman) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP has (VP been (NP-PRD (NP the nation 's) top bank regulator))))) ,) (VP inherited (NP (NP the problems) (PP of (NP (NP Lincoln) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Irvine) , (NP Calif.) ,)))))) (SBAR-TMP after (S (NP-SBJ-1 his regulatory role) (VP was (VP expanded (NP *-1) (PP by (NP-LGS the new savings-and-loan bailout law))))))) .)) (TOP (S (NP-SBJ He) (VP made (NP his comments) (PP-LOC before (NP House Banking Committee hearings (S (NP-SBJ *) (VP to (VP investigate (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 *T*-1) (VP appears (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP the biggest thrift disaster) (PP-LOC in (NP a scandal-ridden industry))))))))))))))) .)) (TOP (S (NP-SBJ The inquiry) (ADVP also) (VP will (VP cover (NP (NP the actions) (PP of (NP (NP Charles Keating Jr.) , (SBAR (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP chairman) (PP of (NP (NP American Continental Corp.) , (NP (NP Lincoln 's) parent))))))) , and (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP contributed (ADVP-MNR heavily) (PP-CLR to (NP several U.S. senators))))))))))) .)) (TOP (S (NP-SBJ Mr. Seidman) (VP told (NP the committee) (SBAR that (S (NP-SBJ (NP the Resolution Trust Corp.) , (NP (NP the agency) (VP created (S-PRP (NP-SBJ *) (VP to (VP sell (NP sick thrifts)))))) ,) (VP has (VP studied (NP (NP (NP (NP Lincoln 's) examination reports) (PP by (NP former regulators))) (VP dating (ADVP-TMP-CLR back (PP to (NP 1986)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ My staff) (VP indicated (SBAR that (S (SBAR (SINV had (NP-SBJ we) (VP made (NP such findings) (PP-LOC in (NP (NP one) (PP of (NP our own institutions))))))) , (NP-SBJ we) (VP would (VP have (VP sought (NP (NP an immediate cease-and-desist order) (S (NP-SBJ *) (VP to (VP stop (NP the hazardous operations)))))))))))) , '' (NP-SBJ Mr. Seidman) (VP said (S *T*-1)) .)) (TOP (S (SBAR-TMP (WHADVP-3 When) (S (NP-SBJ-1 Lincoln) (VP was (VP seized (NP *-1) (PP-LGS by (NP the government)) (ADVP-TMP *T*-3))))) , (PP for (NP example)) , (NP-SBJ (NP (NP 15 %) (PP of (NP its loans))) , or (NP (QP $ 250 million) *U*) ,) (VP were (PP-PRD to (NP (NP borrowers) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP were (VP buying (NP real estate) (PP-CLR from (NP (NP one) (PP of (NP (NP American Continental 's) 50 other subsidiaries)))))))))) , (PP according (PP to (NP Mr. Seidman)))) .)) (TOP (S But (NP-SBJ the government) (VP did n't (VP step (ADVP-CLR in) (PP-TMP until (NP (NP (ADVP (NP six months) ago) , (SBAR (WHADVP-1 when) (S (NP-SBJ thrift officials) (VP put (NP Lincoln) (PP-PUT into (NP conservatorship)) (ADVP-TMP *T*-1))))) -- (NP (NP the day) (SBAR after (S (NP-SBJ American Continental) (VP filed (PP-CLR for (NP (NP Chapter 11 bankruptcy protection) (PP from (NP creditors)))))))))))) .)) (TOP (S-2 (NP-SBJ The bankruptcy filing) (PRN , (S (NP-SBJ the government) (VP has (VP charged (SBAR 0 (S *T*-2)) (PP-LOC in (NP a (ADJP (QP $ 1.1 billion) *U*) civil lawsuit))))) ,) (VP was (NP-PRD (NP part) (PP of (NP a pattern (S (NP-SBJ *) (VP to (VP shift (NP insured deposits) (PP-CLR to (NP (NP the parent company) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP used (NP the deposits) (PP-CLR as (NP (NP a cache) (PP for (NP real-estate deals)))))))))))))))) .)) (TOP (S (NP-SBJ (NP The deposits) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP have (VP been (VP transferred (NP *-1) (PP-CLR to (NP other subsidiaries)))))))) (VP are (ADVP-TMP now) (PP-LOC-PRD under (NP (NP the jurisdiction) (PP of (NP the bankruptcy court))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD fairly clear) (SBAR-1 0 (S -LCB- (NP-SBJ Mr. Keating) -RCB- (VP knew , '' (SBAR that (S (NP-SBJ-2 regulators) (VP were (VP set (S (NP-SBJ *-2) (VP to (VP seize (NP Lincoln)))))))))))))))) , (NP-SBJ Mr. Seidman) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S-2 (NP-SBJ Further investigation) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) (VP may (VP result (PP-CLR in (NP (NP further actions) (PP against (NP (NP Lincoln 's) executives)) (PRN , (SINV (VP said (SBAR 0 (S *T*-2))) (NP-SBJ Mr. Seidman)) ,) `` (PP including (NP fraud actions)))))) . '')) (TOP (S (NP-SBJ-1 Mr. Keating) , (PP for (NP his part)) , (VP has (VP filed (NP suit) (S-ADV (NP-SBJ *-1) (VP alleging (SBAR that (S (NP-SBJ regulators) (VP (ADVP-MNR unlawfully) seized (NP the thrift)))))))) .)) (TOP (S (NP-SBJ-1 (NP Leonard Bickwit) , (NP (NP an attorney) (PP-LOC in (NP Washington)) (PP for (NP Mr. Keating))) ,) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the hearings)) , (SBAR except (S (NP-SBJ *) (VP to (VP say (SBAR 0 , `` (S (NP-SBJ We) (VP will (VP be (VP responding (ADVP-MNR comprehensively) (PP-LOC in (NP several forums)) (PP-CLR to (NP (NP each) (PP of (NP these allegations)))) (PP-TMP at (NP the appropriate time))))))))))))))) . '')) (TOP (S (NP-SBJ (NP (NP Lincoln 's) treatment) (PP by (NP former thrift regulators)) , (PP-LOC in (NP (NP an agency) (VP disbanded (NP *) (PP by (NP-LGS the new law))))) ,) (VP has (VP proved (ADJP-PRD embarrassing (PP for (NP (NP five senators) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP received (NP (NP thousands) (PP of (NP dollars)) (PP in (NP campaign contributions))) (PP-CLR from (NP Mr. Keating)))))))))) .)) (TOP (S (NP-SBJ Mr. Seidman) (VP said (NP-TMP yesterday) , (PP for (NP example)) , (SBAR that (S (NP-SBJ (NP (NP Sen. Dennis DeConcini) (PRN -LRB- (NP D.) , (NP Ariz.) -RRB-)) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP received (NP (NP $ 48,100 *U*) (PP in (NP contributions))) (PP-CLR from (NP Mr. Keating))))) ,) (VP phoned (NP Mr. Seidman) (S-PRP (NP-SBJ *) (VP to (VP request (SBAR that (S (NP-SBJ he) (VP push (PP-CLR for (NP (NP a sale) (PP of (NP Lincoln)) (SBAR-TMP before (S (NP-SBJ-1 it) (VP would (VP be (VP seized (NP *-1)))))))))))))))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ-1 the government lawsuit) (VP was (VP filed (NP *-1) (PP-CLR against (NP Lincoln)))))) , (NP-SBJ Sen. DeConcini) (VP returned (NP the campaign contributions)) .)) (TOP (S (NP-SBJ (NP The senator 's) spokesman) (VP said (NP-TMP yesterday) (SBAR that (S (NP-SBJ he) (VP pushed (PP-CLR for (NP (NP the sale) (PP of (NP Lincoln)))) (SBAR-PRP because `` (S (NP-SBJ (NP hundreds) (PP of (NP (NP Arizona jobs) -LCB- (PP at (NP Lincoln)) -RCB-))) (VP were (PP-PRD on (NP the line))))))))) . '')) (TOP (S (NP-SBJ (NP Senate Banking Committee Chairman Donald Riegle) (PRN -LRB- (NP D.) , (NP Mich .) -RRB-)) (VP has (ADVP also) (VP returned (NP (NP contributions) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP received (NP *T*-1) (PP-CLR from (NP Mr. Keating)) (ADVP-TMP (NP a year) ago))))))) .)) (TOP (S (NP-SBJ-1 Sens. John Glenn (PRN -LRB- (NP-LOC (NP D.) , (NP Ohio)) -RRB-) , John McCain , (PRN -LRB- (NP-LOC (NP R.) , (NP Ariz.)) -RRB-) and Alan Cranston (PRN -LRB- (NP-LOC (NP D.) , (NP Calif.)) -RRB-)) (ADVP also) (VP (VP received (NP substantial contributions) (PP-CLR from (NP Mr. Keating))) and (VP sought (S (NP-SBJ *-1) (VP to (VP intervene (PP on (NP (NP behalf) (PP of (NP Lincoln))))))))) .)) (TOP (S (NP-SBJ (NP House Banking Committee Chairman Henry Gonzalez) (PRN -LRB- (NP D.) , (NP Texas) -RRB-)) (VP said (SBAR 0 (S (NP-SBJ-1 Sen. Cranston) (VP volunteered (S (NP-SBJ *-1) (VP to (VP appear (PP-LOC before (NP the House committee)) , (SBAR if (FRAG (ADJP-PRD necessary)))))))))) .)) (TOP (S But (NP-SBJ a committee staff member) (VP said (SBAR 0 (S (NP-SBJ the panel) (VP is (ADJP-PRD unlikely (S (NP-SBJ *) (VP to (VP pursue (ADVP-MNR closely) (NP (NP the role) (PP of (NP the senators))))))))))) .)) (TOP (S (PP-LOC At (NP the hearing)) , (NP-SBJ Mr. Seidman) (VP said (SBAR 0 (S (NP-SBJ the RTC) (VP has (ADVP-TMP already) (VP pumped (NP (QP $ 729 million) *U*) (PP-DIR into (NP Lincoln)) (PP-PRP for (NP liquidity))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP held (PRT out) (NP (NP little hope) (PP of (NP (NP restitution) (PP for (NP (NP purchasers) (PP of (NP (NP (QP $ 225 million) *U*) (PP in (NP American Continental subordinated debt)))))))))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP those debtholders))) (VP have (VP filed (NP a suit) , (S-ADV (NP-SBJ *) (VP saying (SBAR 0 (S (NP-SBJ they) (VP believed (SBAR 0 (S (NP-SBJ they) (VP were (VP buying (NP (NP government-insured certificates) (PP of (NP deposit)))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP have (NP no plans (S *ICH*-1)) (PP-TMP at (NP this time)) (S-1 (NP-SBJ *) (VP to (VP pay (PRT off) (NP those notes)))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ (NP (NP Eastern Airlines ') creditors committee) , (ADJP unhappy (PP with (NP (NP (NP the carrier 's) plans) (PP for (S-NOM (NP-SBJ *) (VP emerging (PP-CLR from (NP bankruptcy-law proceedings)))))))) ,) (VP asked (NP-1 its own experts) (S (NP-SBJ *-1) (VP to (VP devise (NP (NP alternate approaches) (PP to (NP a reorganization))))))) .)) (TOP (S (NP-SBJ (NP (NP Representatives) (PP of (NP (NP (NP the accounting firm) (PP of (NP Ernst & Young))) and (NP (NP the securities firm) (PP of (NP Goldman , Sachs & Co.)))))) , (VP hired (NP *) (PP by (NP-LGS creditors)) (S-CLR (NP-SBJ *) (VP to (VP consult (PP on (NP (NP Eastern 's) financial plans)))))) ,) (VP told (NP the committee) (PP-LOC in (NP a private meeting)) (NP-TMP yesterday) (SBAR that (S (NP-SBJ (NP Eastern 's) latest plan (S (NP-SBJ *) (VP to (VP emerge (PP-CLR from (NP bankruptcy-law protection)))))) (VP is (ADJP-PRD (ADJP far riskier) (PP than (NP (NP an earlier one) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP won (NP (NP the creditors ') approval))))))))))) .)) (TOP (S (PP According (PP to (NP (NP one person) (ADJP present (PP-LOC at (NP the meeting)))))) , (NP-SBJ (NP Eastern 's) new plan) (VP is (ADJP-PRD financially `` overly optimistic)) . '')) (TOP (S (S (NP-SBJ *-1) (VP Asked (PP about (NP (NP the consultants ') reports)))) , (NP-SBJ-1 an Eastern spokeswoman) (VP said (SBAR 0 `` (S (NP-SBJ we) (VP (ADVP totally) disagree)))) . '')) (TOP (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ they) (VP have `` (VP (VP oversimplified) and (VP made (NP (NP some erroneous assumptions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP make (S (NP-SBJ their analysis) (ADJP-PRD completely off-base)))))))))))) . '')) (TOP (S (PP-LOC At (NP a later news conference here)) , (NP-SBJ (NP Frank Lorenzo) , (NP (NP chairman) (PP of (NP (NP Eastern 's) parent Texas Air Corp.))) ,) (VP (VP said (SBAR 0 (S (NP-SBJ Eastern) (VP was (VP exceeding (NP (NP its goals) (PP for (S-NOM (NP-SBJ *) (VP getting (ADVP-CLR back (PP into (NP operation)))))))))))) and (VP predicted (SBAR 0 (S (NP-SBJ it) (VP would (VP emerge (PP-CLR from (NP (NP Chapter 11 protection) (PP from (NP creditors)))) (NP-TMP early next year) , (S-ADV (NP-SBJ *) (VP operating (PP with (NP (NP more service) (SBAR than (S (NP-SBJ it) (ADVP originally) (VP had (VP scheduled)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP insisted , (SBAR-ADV as (S (NP-SBJ he) (VP has (VP *?* (ADVP-TMP before))))) , (SBAR that (S (NP-SBJ-1 creditors) (VP would (VP be (VP paid (NP *-1) (PP-MNR in (ADJP full)) (PP-LOC under (NP the plan)))))))) .)) (TOP (S (NP-SBJ Mr. Lorenzo) (VP made (NP (NP no mention) (PP of (NP (NP (NP creditors ') negative response) (PP to (NP his plan)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP (VP 're (PP-LOC-PRD in (NP (NP the process) (PP of (S-NOM (NP-SBJ *) (VP discussing (NP an amended plan) (PP with (NP the creditors)))))))) and (VP anticipate (S (NP-SBJ *) (VP filing (NP that amended plan) (ADVP-TMP shortly)))))) , '' (NP-SBJ Mr. Lorenzo) (VP told (NP reporters) (S *T*-1)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP 're (VP meeting and surpassing (NP our goals)))) , '' (NP-SBJ he) (VP added (S *T*-1)) .)) (TOP (S (PP-TMP In (NP July)) , (NP-SBJ (NP Eastern) and (NP its creditors)) (VP agreed (PP-CLR on (NP (NP a reorganization plan) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP called (SBAR for (S (NP-SBJ Eastern) (VP (VP to (VP sell (NP (NP (QP $ 1.8 billion) *U*) (PP in (NP assets))))) and (VP to (VP emerge (PP-CLR from (NP bankruptcy-law protection)) (PP at (NP (QP two-thirds) its former size))))))))))))) .)) (TOP (S But (PP-TMP after (S-NOM (NP-SBJ *) (VP selling (PRT off) (NP (NP pieces) (PP such as (NP (NP its East Coast shuttle) , (NP its Philadelphia hub) and (NP various planes))))))) , (NP-SBJ Eastern) (VP hit (NP a stumbling block)) .)) (TOP (S (NP-SBJ It) (VP could n't (VP sell (NP (NP its South American routes) , (NP (NP one) (PP of (NP (NP the major assets) (VP marked (NP *) (PP-CLR for (NP disposal))))))))) .)) (TOP (S (NP-SBJ-2 (NP Those routes) , (VP valued (NP *) (PP by (NP-LGS (NP the creditors ') professionals)) (PP-CLR at (NP (QP about $ 400 million) *U*))) ,) (VP were (S (NP-SBJ-1 *-2) (VP to (VP be (VP sold (NP *-1) (PP-DTV to (NP (NP AMR Corp. 's) American Airlines))))))) .)) (TOP (S (NP-SBJ (NP A last-minute snag) (PP-LOC in (NP (NP negotiations) (PP with (NP AMR)))) , (PP over (NP (NP an unrelated lawsuit) (PP between (NP (NP American) and (NP another Texas Air unit))))) ,) (VP caused (S (NP-SBJ the deal) (VP to (VP collapse)))) .)) (TOP (S (NP-SBJ Eastern) (ADVP ultimately) (VP decided (SBAR 0 (S (NP-SBJ-2 it) (VP would (VP have (S (NP-SBJ *-2) (VP to (VP keep and operate (NP the routes) (NP-ADV itself)))))))) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP leave (NP it) (PP with (NP (NP less cash) (PP for (NP its reorganization))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP would (VP leave (S (NP-SBJ Eastern) (NP-PRD (NP a bigger carrier) (PP than (NP (NP the scaled-down one) (VP proposed (NP *) (PP-LOC under (NP the initial plan))))))))) .)) (TOP (S (NP-SBJ (NP Those changes) (PP-LOC in (NP its condition))) (VP meant (SBAR 0 (S (NP-SBJ-2 (NP the reorganization plan) (VP (ADVP-TMP previously) presented (NP *) (PP-CLR to (NP creditors)))) (VP would (VP have (S (NP-SBJ-1 *-2) (VP to (VP be (VP revamped (NP *-1)))))))))) .)) (TOP (S (PP-TMP Since (NP then)) , (S (NP-SBJ Eastern) (VP has (VP been (VP negotiating (PP-CLR with (NP creditors)) (PP over (NP revisions)))))) , but (S (NP-SBJ the creditors committee) (VP has (VP been (VP having (NP (NP problems) (PP with (NP the revisions))))))) .)) (TOP (S (NP-SBJ The committee) (VP has (NP (NP (NP two groups) (PP of (NP experts))) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP calls (PP on (NP *T*-1)) (S-CLR (NP-SBJ *) (VP to (VP analyze (NP (NP Eastern 's) plans))))))))) .)) (TOP (S (NP-SBJ Both) (VP said (SBAR 0 (S (NP-SBJ the new plan) (VP would n't (VP work))))) .)) (TOP (S (NP-SBJ Ernst & Young) (VP said (SBAR (SBAR 0 (S (NP-SBJ (NP Eastern 's) plans) (VP will (VP miss (NP (NP its projections) (PP of (NP (NP earnings) (PP-TMP before (NP interest , tax and depreciation))))) (PP-CLR by (NP (QP $ 100 million) *U*)))))) , and (SBAR that (S (NP-SBJ (NP Eastern 's) plan) (VP presented (NP no comfort level)))) , (PP according (PP to (NP (NP a source) (ADJP present (PP-LOC at (NP (NP yesterday 's) session)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Experts) (PP from (NP Goldman Sachs))) (VP estimated (SBAR 0 (S (NP-SBJ Eastern) (VP would (VP miss (NP the same mark) (PP-CLR by (NP (QP $ 120 million to $ 135 million) *U*)))))))) , (NP-SBJ the source) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ The experts) (VP said (SBAR 0 (S (NP-SBJ they) (VP expected (SBAR (SBAR 0 (S (NP-SBJ-1 Eastern) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP issue (NP new debt)))) (S-PRP (NP-SBJ *) (VP to (VP cover (NP its costs)))))))) , and (SBAR that (S (NP-SBJ it) (VP would (VP generate (NP (NP (ADJP far less) cash) (PP than (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP anticipated (ADVP *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ (NP Other costs) (PP *ICH*-1)) (ADVP also) (VP would (VP increase) , (PP-1 including (NP maintenance)) , (SBAR-PRP because (S (NP-SBJ Eastern) (VP has (NP an older fleet))))) .)) (TOP (S (PP-LOC At (NP the news conference)) , (NP-SBJ (NP Mr. Lorenzo) and (NP Eastern President Phil Bakes)) (VP presented (NP a (ADJP far rosier) assessment)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Flanked (PP by (NP-LGS (NP (NP flight attendants) , (NP pilots) and (NP gate agents)) (VP dressed (NP *) (PP-CLR in (NP spiffy new blue uniforms))))))) , (NP-SBJ-1 they) (VP said (SBAR 0 (S (NP-SBJ Eastern) (VP (VP has (VP exceeded (NP its operational goals))) and (VP is (VP filling (NP its seats))))))) .)) (TOP (S (S-TPC-1 (S-ADV (NP-SBJ *) (VP Starting (NP-TMP next month))) , (NP-SBJ-2 Eastern) (VP will (VP begin (S (NP-SBJ *-2) (VP flying (NP 775 flights) (ADVP-TMP daily) (PP instead of (NP the (ADJP previously announced) 700))))))) , (NP-SBJ they) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 Mr. Bakes) (VP (VP declined (S (NP-SBJ *-1) (VP to (VP give (ADVP-CLR out) (NP (NP Eastern 's) daily losses))))) , but (VP said (SBAR 0 (S (NP-SBJ he) (VP did n't (VP expect (SBAR 0 (S (NP-SBJ-2 Eastern) (VP would (VP have (S (NP-SBJ *-2) (VP to (VP dip (PP-CLR into (NP (NP (NP the cash) (PP from (NP asset sales))) (VP (ADVP-TMP currently) held (NP *) (PP-LOC-CLR in (NP escrow)))))))))))))))))) .)) (TOP (S (NP-SBJ These accounts) (VP hold (NP (NP several hundred million dollars) , (PP (ADVP primarily) from (NP asset sales)))) .)) (TOP (S-3 (NP-SBJ (NP The plan) (SBAR (WHNP-1 0) (S (NP-SBJ-2 Eastern) (VP hopes (S (NP-SBJ *-2) (VP to (VP pursue (NP *T*-1)))))))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-3)))) ,) (VP calls (SBAR for (S (NP-SBJ Eastern) (VP to (VP have (NP (NP (QP $ 390 million) *U*) (PP in (NP cash))) (PP-TMP by (NP (NP year 's) end))))))) .)) (TOP (S (NP-SBJ Both (NP (NP he) and (NP Mr. Lorenzo))) (VP predicted (SBAR 0 (S (NP-SBJ-1 that plan) (VP might (VP be (VP confirmed (NP *-1) (PP-TMP in (NP January)))))))) .)) (TOP (S (PP As (PP to (NP (NP negotiations) (PP with (NP creditors))))) , (NP-SBJ Mr. Lorenzo) (VP said (PP-LOC in (NP (NP remarks) (PP-TMP after (NP the conference)))) `` (SBAR 0 (S (NP-SBJ-1 we) (VP 'll (VP have (S (NP-SBJ *-1) (VP to (VP see (SBAR (WHADVP-2 how) (S (NP-SBJ (NP they) (PRN -LCB- (NP talks) -RCB-)) (VP come (PRT along) (ADVP-MNR *T*-2)))))))))))) . '')) (TOP (S (ADVP However) , (NP-SBJ he) (VP added , `` (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP 's not (NP-PRD a requirement) (SBAR-2 that (S (NP-SBJ-3 the plan) (VP be (VP accepted (NP *-3) (PP by (NP-LGS creditors))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP must (VP be (VP accepted (NP *-1) (PP by (NP-LGS the court))))) . '')) (TOP (S (PP-LOC Under (NP bankruptcy law)) , (NP-SBJ Eastern) (VP has (NP (NP exclusive rights (S *ICH*-1)) (PP-TMP for (NP a certain period)) (S-1 (NP-SBJ *) (VP to (VP develop (NP its own reorganization plan)))))) .)) (TOP (S (NP-SBJ That deadline) (VP (VP has (VP been (VP extended (ADVP-TMP once)))) and (VP could (VP be (VP extended (ADVP-TMP again))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ Eastern) (VP can (VP get (NP creditor support))))) , (NP-SBJ (NP court confirmation) (PP of (NP its plan))) (VP could (VP be (ADJP-PRD relatively swift))) .)) (TOP (S But (S (NP-SBJ creditors) (VP are (ADJP-PRD free (S (NP-SBJ *) (VP to (VP press (PP-CLR for (NP (NP court approval) (PP of (NP their own plan)))))))))) , or (S (NP-SBJ the court) (VP could (VP (VP ignore (NP both sides)) and (VP draw (NP its own))))) .)) (TOP (S (PP In (NP any event)) , (NP-SBJ (NP some people) (ADJP familiar (PP with (NP the case)))) (VP question (SBAR whether (S (NP-SBJ the court) (VP will (VP act (PP-TMP by (NP January)) (SBAR-ADV as (S (NP-SBJ-1 *) (VP forecast (NP *-1) (PP by (NP-LGS (NP Mr. Lorenzo) and (NP Mr. Bakes))))))))))) .)) (TOP (S (NP-SBJ Eastern) (VP sought (NP bankruptcy-law protection) (SBAR-TMP (NP a few days) after (S (NP-SBJ a crippling strike) (VP began (NP-TMP March 4))))) .)) (TOP (S (NP-SBJ Mr. Lorenzo) (VP told (NP reporters) (SBAR 0 (S (NP-SBJ (NP the reorganization) (SBAR (WHNP-1 0) (S (NP-SBJ Eastern) (VP is (VP pursuing (NP *T*-1)))))) (VP would (VP create (NP (NP a carrier) (NP (NP (QP 85 % to 90 %) *U*) (PP of (NP (NP the size) (PP of (NP the pre-bankruptcy Eastern))))))))))) .)) (TOP (S (NP-SBJ He) (VP projected (SBAR 0 (S (NP-SBJ it) (VP would (VP be (VP operating (NP (NP (NP (QP about 1,000) flights) (NP-ADV a day) (PP-TMP by (NP late spring))) , (ADJP (ADJP only slightly fewer) (PP than (NP (NP (NP the carrier 's) old volume) (PP of (NP (NP 1,050) (NP-ADV a day))))))))))))) .)) (TOP (S (NP-SBJ (NP HOPES) (PP OF (S-NOM (NP-SBJ *) (VP SIMPLIFYING (NP the corporate minimum tax) (PP-TMP before (NP 1990)))))) (VP are (VP weakening)) .)) (TOP (S (NP-SBJ (NP The method) (PP of (S-NOM (NP-SBJ *) (VP calculating (NP (NP the (ADJP 20 %) tax) , (VP paid (NP *) (SBAR-ADV if (S (NP-SBJ it) (VP exceeds (NP (NP tax) (VP figured (NP *) (NP-MNR the regular way)))))))))))) , (VP is (ADJP-PRD due (PP for (NP a change))) (PP-TMP-CLR in (NP 1990)) , (NP (NP thanks) (PP to (NP (NP 1986 's) tax act)))) .)) (TOP (S (S But (NP-SBJ most experts) (VP agree (SBAR that (S (NP-SBJ (NP the concept) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP is (S (NP-SBJ-1 *-3) (VP to (VP be (VP introduced (NP *-1))))))))) (VP drags (ADVP-CLR in) (NP great complexity)))))) ; (S (NP-SBJ-4 they) (VP have (VP been (VP trying (S (NP-SBJ *-4) (VP to (VP head (NP it) (PRT off) (NP-TMP this year)))))))) .)) (TOP (S (S (NP-SBJ Ways and Means Chairman Rostenkowski) (VP backed (NP (NP a simplification plan) (PP-LOC in (NP the pending House tax bill))))) , but (S (NP-SBJ-1 the plan) (VP turns (PRT out) (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a big revenue loser)))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ (NP the Senate 's) stripped-down bill) (VP omits (NP any proposal (S (NP-SBJ *) (VP to (VP deal (PP-CLR with (NP the corporate tax))))))) .)) (TOP (S (NP-SBJ (NP Proponents) (PP of (NP simplification))) (VP fear (SBAR that (S (NP-SBJ (NP the chances) (PP of (S-NOM (NP-SBJ *) (VP getting (NP it) (PP-CLR into (NP the final bill)))))) (VP are (VP waning))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP hear (SBAR 0 (S (NP-SBJ it) (VP has (NP low priority) (PP-LOC on (NP the House side))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Samuel Starr) (PP of (NP Coopers & Lybrand , CPAs))) .)) (TOP (S-6 (SBAR-ADV If (S (NP-SBJ-3 the law) (VP is n't (VP changed (NP *-3))))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-6)))) ,) `` (NP-SBJ-4 we) (VP are (VP left (S (NP-SBJ *-4) (VP staring (PP-CLR at (NP (NP rules) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD almost impossible (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP implement (NP *T*-2)))))) , (SBAR-PRP because (S (NP-SBJ there) (VP are (NP-PRD (NP (ADJP so many) complex depreciation calculations) (SBAR (WHNP-5 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-5)))))))))))))))))) . '')) (TOP (S (S-TPC-1 But (NP-SBJ Congress) (ADVP-TMP still) (VP could (VP resolve (NP (NP the issue) (PP with (NP other legislation))) (NP-TMP (NP this year) or (NP next))))) , (NP-SBJ Starr) (VP adds (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP HUGO 'S) RAVAGES) (VP may (VP be (VP offset (NP *-1) (PP by (NP-LGS (NP immediate claims) (PP for (NP tax refunds))))))) .)) (TOP (S (NP-SBJ This law) (VP aids (NP (NP (NP hurricane-wracked locales) (VP named (NP *) (PP by (NP-LGS the president)) (PP-CLR as (NP disaster areas)))) , (CONJP as well as) (NP (NP regions) (VP (ADVP-CLR so) designated (PP-TMP after (NP other 1989 disasters)))))) .)) (TOP (S (S (NP-SBJ It) (VP lets (S (NP-SBJ-2 victims) (VP elect (S (NP-SBJ *-2) (VP to (VP deduct (NP casualty losses) (PP-LOC on (NP (NP either (NP 1989) or (NP amended 1988) returns) , (SBAR (WHNP-1 whichever) (S (NP-SBJ *T*-1) (VP offers (NP the larger tax benefit))))))))))))) ; (S (NP-SBJ they) (VP have (PP-TMP-CLR until (NP April 16)) (S (NP-SBJ *) (VP to (VP choose))))) .)) (TOP (SINV (S-TPC-2 (S (S-NOM-SBJ (NP-SBJ *) (VP Amending (S (NP-SBJ a 1988 return) (VP to (VP claim (NP a refund)))))) (VP brings (NP cash) (ADVP-MNR faster))) ; (S but (PP for (NP personal losses)) , (NP-SBJ there) (VP are (NP-PRD (NP other factors) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP consider (NP *T*-1))))))))) , (VP notes (SBAR 0 (S *T*-2))) (NP-SBJ publisher Prentice Hall) .)) (TOP (S (S (NP-SBJ A loss) (PRN -- (PP-TMP after (NP insurance recoveries)) --) (VP is (ADJP-PRD deductible) (PP (ADVP only) to (NP the extent (SBAR (SBAR that (S (NP-SBJ it) (VP exceeds (NP $ 100 *U*)))) and (SBAR that (S (NP-SBJ (NP the year 's) total losses) (VP exceed (NP (NP 10 %) (PP of (NP adjusted gross income))))))))))) ; (S (NP-SBJ victims) (VP may (VP pick (NP (NP the year) (SBAR (WHADVP-3 when) (S (S (NP-SBJ-1 income) (VP is (ADJP-PRD-2 lower))) and (S (NP-SBJ=1 deductions) (ADJP-PRD=2 higher)) (ADVP-TMP *T*-3))))))) .)) (TOP (S (PP In (S-NOM (NP-SBJ *) (VP filing (NP an (ADJP (ADJP original) (PRN -LRB- (ADJP not amended) -RRB-)) return)))) , (S (NP-SBJ a couple) (VP should (VP consider (SBAR (SBAR whether (S (NP-SBJ-1 damaged property) (VP is (VP owned (NP *-1) (ADVP-MNR jointly or separately))))) and (SBAR whether (S (NP-SBJ one spouse) (VP has (NP larger income)))))))) ; (S (NP-SBJ that) (VP may (VP determine (SBAR whether (S (NP-SBJ they) (VP should (VP file (ADVP jointly or separately)))))))) .)) (TOP (S (NP-SBJ THE IRS) (VP DELAYS (NP several deadlines) (PP for (NP (NP Hugo 's) victims))) .)) (TOP (S (S (NP-SBJ (NP Returns) (PP-TMP for (NP 1988)) (PP from (NP (NP people) (PP with (NP six-month filing extensions))))) (VP were (ADJP-PRD due) (NP-TMP-CLR Monday))) , but (S (NP-SBJ the IRS) (VP says (SBAR 0 (S (NP-SBJ-1 (NP people) (PP-LOC in (NP the disaster areas))) (VP wo n't (VP be (VP penalized (NP *-1) (PP-CLR for (NP late filing)) (SBAR-ADV if (S (NP-SBJ-2 their returns) (VP are (VP (VP marked (S (NP-SBJ *-2) `` (NP-PRD Hugo) '')) and (VP postmarked (PP-TMP-CLR by (NP Jan. 16)))))))))))))) .)) (TOP (S (S (NP-SBJ-1 Interest) (VP will (VP be (VP imposed (NP *-1) (PP-LOC-CLR on (NP unpaid taxes)))))) , but (S (NP-SBJ-2 (NP late-payment penalties) (PP-LOC on (NP the returns))) (VP will (VP be (VP waived (NP *-2)))) (SBAR-ADV if (S (NP-SBJ (NP the balance) (ADJP due and paid)) (VP is (NP-PRD (NP (QP 10 % or less)) (PP of (NP the liability))))))) .)) (TOP (S (NP-SBJ IRS Notice 89-136) (VP describes (NP (NP (NP this) and (NP other deadline relief)) (PP for (NP (NP Hugo 's) victims)))) .)) (TOP (S (PP-LOC Among (NP the provisions)) : (NP-SBJ-1 (NP Fiscal-year taxpayers) (PP with (NP (NP returns) (ADJP due (NP last Monday))))) (VP wo n't (VP be (VP penalized (NP *-1) (SBAR-ADV if (S (NP-SBJ they) (VP (VP file (PRN -- or (VP request (NP an extension)) --)) and (VP pay (NP (NP tax) (ADJP due (PP-TMP by (NP Nov. 15))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Excise-tax returns) (ADJP due (PP-TMP by (NP (NP Oct. 31) or (NP Nov. 30))))) (VP may (VP be (VP delayed (NP *-1) (PP to (NP Jan. 16))))) .)) (TOP (S (S (NP-SBJ-1 Extensions) (VP ca n't (VP be (VP granted (NP *-1) (PP-CLR (PP for (S-NOM (NP-SBJ *) (VP filing (NP (NP employment-tax returns) (ADJP due (NP-TMP Oct. 31)))))) or (PP for (S-NOM (NP-SBJ *) (VP depositing (NP withheld taxes))))))))) , but (S (NP-SBJ-2 late penalties) (VP will (VP be (VP abated (NP *-2) (PP-CLR for (NP (NP deposits) (VP made (NP *) (PP-TMP by (NP-LGS Nov. 15))))))))) .)) (TOP (S (NP-SBJ The notice) (ADVP also) (VP grants (NP relief) (PP-CLR for (NP certain estate-tax returns))) .)) (TOP (S (NP-SBJ (NP ONE-DAY JAUNTS) (PP in (NP a chartered boat))) (VP were (NP-PRD (NP perks) (PP for (NP (NP (NP permanent staffers) (PP of (NP (NP American Business Service Corp.) , (NP (NP a (NAC-LOC Costa Mesa , Calif. ,) supplier) (PP of (NP temporary workers)))))))))) .)) (TOP (S (NP-SBJ The IRS) (VP denied (NP cost deductions) (SBAR-PRP because (S (NP-SBJ-1 (NP few) (PP of (NP the temps))) (VP got (S (NP-SBJ *-1) (VP to (VP go (ADVP aboard)))))))) .)) (TOP (S But (NP-SBJ the Tax Court) (VP (VP said (SBAR 0 (S (NP-SBJ the limitations) (VP were (ADJP-PRD reasonable and realistic))))) and (VP allowed (NP the deductions))) .)) (TOP (S (NP-SBJ (NP USED-CAR BUYERS) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP try (S (NP-SBJ *-2) (VP to (VP avoid (NP sales tax) (PP-MNR by (S-NOM (NP-SBJ *) (VP understating (NP (NP prices) (VP paid (NP *) (PP-LOC in (NP private deals)))))))))))))) (VP are (NP-PRD (NP the targets) (PP of (NP a New York drive)))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Estimating (SBAR that (S (NP-SBJ the state) (VP may (VP lose (NP (NP (QP $ 15 million) *U*) (NP-ADV a year)))))))) , (NP-SBJ officials) (VP announced (NP (NP the filing) (PP of (NP (NP 15 criminal actions) and (NP `` (NP hundreds) '' (PP of (NP civil penalties))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 WHEN) (S (NP-SBJ AN IRA OWNER) (VP dies (ADVP-TMP *T*-1)))) , (NP-SBJ (NP the trustee) (PP of (NP the individual retirement account))) (VP must (VP file (NP (NP forms 5498) (VP reporting (NP (NP market values) (VP relating (PP-CLR to (NP (NP the decedent) and (NP each beneficiary))))))) , (PP with (NP (NP copies) (PP to (NP the executor and beneficiaries)))))) .)) (TOP (S (NP-SBJ IRS Revenue Procedure 89-52) (VP describes (NP the reporting requirements)) .)) (TOP (SINV (ADJP-TPC-1 BIGGER (PP THAN (NP A BREADBOX))) (VP was (ADJP-PRD *T*-1)) (NP-SBJ (NP (NP this cash hoarder 's) reputation) (PP for (NP honesty))) .)) (TOP (S (NP-SBJ People) (ADVP-TMP often) (VP cite (NP (NP frugality) and (NP (NP distrust) (PP of (NP banks)))) (S-PRP (NP-SBJ *) (VP to (VP justify (NP cash caches) (PP-CLR to (NP the IRS)))))) .)) (TOP (S (NP-SBJ (NP Gregory Damonne Brown) (PP of (NP (NP Fremont) , (NP Calif.) ,)) (NP a hardworking , reclusive young bachelor) ,) (VP told (NP that story) (PP-DTV to (NP the Tax Court))) .)) (TOP (S (S But (NP-SBJ judges) (ADVP-TMP usually) (VP find (SBAR 0 (S (NP-SBJ the real aim) (VP is (S-PRD (NP-SBJ *) (VP to (VP escape (NP (NP tax) (PP on (NP hidden income))))))))))) ; and (S (NP-SBJ the IRS) (VP said (SBAR 0 (S (NP-SBJ Brown) (VP must (VP have (VP had (NP such income) (PRN -- (SBAR although (S (NP-SBJ it) (VP uncovered (NP no source)))) --) (SBAR-PRP because (S (NP-SBJ he) (VP deposited (NP $ 124,732 *U*) (PP-LOC-CLR in (NP a bank account)) (PP-TMP in (NP 1982-84)) (SBAR-TMP while (S-NOM (NP-SBJ *) (VP reporting (NP (NP income) (PP of (NP (QP only $ 52,012) *U*)))))))))))))))) .)) (TOP (NP-HLN (NP (NP Brown 's) story) :)) (TOP (S (S (NP-SBJ The deposits) (VP came (PP-DIR from (NP (NP savings) (VP kept (NP *) (PP-LOC-CLR in (NP a Tupperware breadbox))))))) ; (S (NP-SBJ-2 he) (VP (VP saved (NP-1 (NP $ 47,000 *U*) (PP-TMP in (NP 1974-81))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP (VP (VP living (PP-CLR with (NP family members))) and (VP pinching (NP pennies))))))) and (VP (NP=1 (NP $ 45,000 *U*) (PP of (NP (NP secret gifts) (PP from (NP (NP his remorseful father) , (SBAR (WHNP-82 who) (S (NP-SBJ *T*-82) (VP had (VP abandoned (NP the family) (PP-TMP in (NP 1955)))))))))))))) .)) (TOP (S (S (NP-SBJ Brown) (VP had (NP no proof))) ; but (S (NP-SBJ (NP testimony) (PP-1 of (NP his mother and stepmother)) (PP-2 about (NP his father)) and (NP (PP=1 of (NP an ex-employer)) (PP=2 about (NP his honesty and habits)))) (VP satisfied (NP a judge) (SBAR that (S (S (NP-SBJ Brown) (VP was (ADJP-PRD truthful))) and (S (NP-SBJ (NP his tale) (PP of (NP gifts))) (VP was (ADJP-PRD possible))))))) .)) (TOP (S (S (NP-SBJ The IRS) (VP offered (NP (NP no evidence) (PP of (NP (NP hidden sources) (PP of (NP taxable income))))))) , so (S (NP-SBJ Judge Shields) (VP rejected (NP its claims))) .)) (TOP (NP BRIEFS :)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Asked (SBAR (WHADVP-2 how) (S (NP-SBJ he) (VP made (NP (NP charitable gifts) (PP of (NP $ 26,350 *U*))) (ADVP-CLR out (PP of (NP (NP reported two-year income) (PP of (NP $ 46,892 *U*))))) (ADVP *T*-2)))))) , (NP-SBJ-1 (NP Thomas H. McFall) (PP of (NP (NP Bryan) , (NP Texas) ,))) (VP told (NP the Tax Court) (SBAR 0 (S (NP-SBJ he) (VP had (VP understated (NP his income)))))) .)) (TOP (S (NP-SBJ The court) (VP (VP rejected (NP his incredible claims)) , (VP denied (NP his deductions)) , and (VP imposed (NP a negligence penalty))) ... .)) (TOP (S (NP-SBJ (NP Rep. Schaefer) (PRN -LRB- (NP (NP R.) , (NP Colo.)) -RRB-)) (VP entered (NP (NP a bill) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP exempt (PP-CLR from (NP tax)) (NP (NP rewards) (PP for (NP (NP tips) (VP leading (PP-DIR to (NP (NP the arrest) (PP of (NP violent criminals)))))))))))))) .)) (TOP (S (NP-SBJ Kay Peterson) (VP (VP mounts (NP her bicycle)) and (VP grinds (PRT up) (NP (NP yet another steep , rocky path) (ADJP seemingly suitable (PP (ADVP only) for (NP mountain goats)))))) .)) (TOP (S (PP-TMP After (NP a tortuous climb)) , (NP-SBJ-1 she) (VP is (VP rewarded (NP *-1) (PP by (NP-LGS (NP a picture-postcard vista) : (NP (NP a glade) (PP of (NP golden aspens)) (PP-LOC under (NP an azure Indian-summer sky))))))) .)) (TOP (S (NP-SBJ This place) (VP is (NP-PRD (NP (NP 12 miles) (PP-LOC into (NP the back country))) -- (UCP (NP (NP a day-long trudge) (PP for (NP a hiker))) , but (VP reached (PP by (NP-LGS (NP Ms. Peterson) and (NP six others))) (PP-TMP in (NP (NP a mere two hours) (PP of (S-NOM (NP-SBJ *) (VP pedaling (NP fat-tired mountain bikes)))))))))) .)) (TOP (S-2 `` (NP-SBJ This) (PRN , '' (SINV (VP says (S *T*-2)) (NP-SBJ Ms. Peterson)) , ``) (VP is (SBAR-PRD (WHNP-1 what) (S (NP-SBJ it) (VP 's all (PP-PRD about (NP *T*-1)))))) . '')) (TOP (S (ADVP-LOC (NP Twelve hundred miles) away) , (NP-SBJ (NP rangers) (PP-LOC at (NP a (NAC-LOC Napa County , Calif. ,) state park))) (VP are (PP-LOC-PRD among (NP (NP the many) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP do n't (VP (ADVP quite) share (NP the enthusiasm)))))))) .)) (TOP (S (NP-TMP This summer) , (NP-SBJ-1 speeding bikers) (VP were (VP blamed (NP *-1) (PP-CLR for (NP (NP (NP an accident) (PP-LOC in (NP the Napa County park))) , (SBAR (WHPP in (WHNP which)) (S (NP-SBJ (NP a horse) (PRN -- (VP spooked (NP *) (PP-LOC on (NP (NP a trail) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP was (VP closed (NP *-2) (PP-CLR to (NP bikers))))))))) --)) (VP broke (NP its leg)))))))) .)) (TOP (S (S (NP-SBJ-2 The animal) (VP had (S (NP-SBJ-1 *-2) (VP to (VP be (VP destroyed (NP *-1))))))) ; (S (NP-SBJ the bikers) (VP (VP fled) and (VP were (ADVP-TMP never) (VP found)))) .)) (TOP (S (PP-LOC In (NP (NP numerous parks) (PP-LOC near (NP San Francisco)))) , (NP-SBJ-1 rangers) (VP have (VP been (VP forced (S (NP-SBJ *-1) (VP to (VP (VP close (NP trails) (S-CLR *RNR*-2)) , (VP set (PRT up) (NP speed traps) (S-CLR *RNR*-2)) and (VP use (NP radar guns) (S-CLR *RNR*-2)) (S-CLR-2 (NP-SBJ *) (VP to (VP curb (NP (ADJP fast and reckless) riding)))))))))) .)) (TOP (S (NP-SBJ They) (VP have (VP (ADVP even) sent (NP helicopters) (PP-CLR in (NP (NP pursuit) (PP of (NP bikers)))) (SBAR-TMP after (S (NP-SBJ hikers and equestrians) (VP complained (SBAR 0 (S (NP-SBJ-1 they) (VP were (VP being (VP driven (NP *-1) (PP from (NP trails)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP were (VP being (VP overrun)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Steve Fiala) , (NP (NP trails coordinator) (PP of (NP the East Bay Regional Park District)))) .)) (TOP (S (ADVP-TMP (NP Two years) ago) , (NP-SBJ-1 the district) (VP decided (S (NP-SBJ *-1) (VP to (VP limit (NP the bikes) (PP-CLR to (NP (NP fire roads) (PP-LOC in (NP its 65,000 hilly acres)))))))) .)) (TOP (S (PP-TPC-1 From (NP about 200,000) (ADVP-TMP (NP six years) ago)) , (NP-SBJ (NP the number) (PP of (NP mountain bikes)) (PP-LOC in (NP the U.S.))) (VP is (VP expected (S (NP-SBJ *) (VP to (VP grow (PP-DIR to (NP 10 million) (PP-TMP in (NP 1990))) (PP *T*-1)))))) .)) (TOP (S (NP-SBJ (QP At least half) that growth) (VP will (VP have (VP come (PP-TMP-CLR in (NP (NP the past three years) (ADVP alone)))))) .)) (TOP (S (NP-SBJ (NP The controversy) (VP kicked (PRT up) (PP by (NP-LGS (NP the proliferation) (PP of (NP these all-terrain bicycles)))))) (VP is (NP-PRD (NP one) (PP of (NP (NP the (ADJP most divisive) storms) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP blow (PP-LOC-CLR through (NP the national conservation movement)) (PP-TMP in (NP recent memory)))))))))) .)) (TOP (S (NP-SBJ (NP Bikers) (PRN -- (S (NP-SBJ (NP many) (PP of (NP them))) (NP-PRD ardent environmentalists)) --)) (VP proclaim (S (NP-SBJ their sport) (NP-PRD (NP an efficient , safe , fitness-promoting way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP get (ADVP-CLR back (PP to (NP nature))) (ADVP-MNR *T*-1))))))) , (SBAR-TMP while (S-NOM (NP-SBJ *) (VP asserting (NP (NP a right (S *ICH*-2)) , (PP as (NP taxpayers)) , (S-2 (NP-SBJ *) (VP to (VP pedal (PP-LOC-CLR on (NP public lands)))))))))) .)) (TOP (S But (NP-SBJ (NP (NP the bikes ') burgeoning numbers) , (NP safety concerns) and (NP fear (SBAR that (S (NP-SBJ they) (VP damage (NP fragile landscapes)))))) (VP have (VP prompted (NP (NP pleas (S *ICH*-1)) , (PP-LOC (PP from (NP the Sierras)) (PP to (NP the Eastern Seaboard))) , (S-1 (NP-SBJ *) (VP to (VP ban (NP them) (PP-CLR from (NP the back country)))))))) .)) (TOP (SINV (ADJP-PRD-TPC-1 Key (PP to (NP the issue))) (VP is (ADJP-PRD *T*-1)) (SBAR-SBJ that (S (S (NP-SBJ the bikes) , (PP-LOC-2 in (NP skillful hands)) , (VP-3 can (VP go (ADVP virtually anywhere))) ,) and (S (PP-LOC=2 in (NP reckless hands)) (VP=3 can (VP become (NP-PRD (NP vehicles) (PP of (NP terror)))))))) .)) (TOP (S (NP-SBJ An adept bicyclist) (VP can (VP leap (PP-DIR from (NP a dead stop)) (PP-DIR to (NP (NP the top) (PP of (NP a picnic table)))) (PP without (S-NOM (NP-SBJ *) (VP losing (NP balance)))))) .)) (TOP (S (NP-SBJ Such skills) (VP allow (S (NP-SBJ riders) (VP to (VP (VP fly (PP down (NP treacherous mountain grades)) (PP at (NP (NP speeds) (PP of (NP (NP (QP up to 40) miles) (NP-ADV an hour)))))) -- (NP (NP (NP a thrill) (PP for (NP the cyclist))) but (NP (NP a nightmare) (PP for (NP unsuspecting hikers or equestrians)))))))) .)) (TOP (S (PP For (NP (NP harried public-land managers) (PP-LOC across (NP the nation)))) , (NP-SBJ the response) (VP is (ADVP-TMP increasingly) (S-PRD (NP-SBJ *) (VP to (VP shut (NP the gates))))) .)) (TOP (S (NP-SBJ-2 (NP The state) (PP of (NP California))) , (S (NP-SBJ *-2) (VP following (NP (NP the lead) (PP of (NP some regional parks))))) , (ADVP-TMP recently) (VP adopted (NP (NP regulations) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP closed (NP (NP (ADJP nearly all) hiking paths) (PP-LOC in (NP state parks))) (PP-CLR to (NP mountain bicycles))))))) .)) (TOP (S (NP-SBJ The move) (ADVP largely) (VP consigns (NP them) (PP-CLR to (NP (NP roads) (VP used (NP *) (PP by (NP-LGS motorized vehicles)))))) .)) (TOP (S (NP-SBJ Most other states) (VP have (VP enacted (NP similar bans))) .)) (TOP (S (NP-SBJ The bikes) (VP are (ADJP-PRD unwelcome) (PP on (NP (NP trails) (PP-LOC in (NP national parks))))) .)) (TOP (S (NP-SBJ-4 (NP Even the U.S. Forest Service) , (SBAR (WHNP-2 whose lenient `` multiple-use '' philosophy) (S (NP-SBJ *T*-2) (VP permits (NP motorized vehicles) (PP-LOC on (NP (NP thousands) (PP of (NP (NP miles) (PP of (NP (NP its trails) (PP-LOC across (NP the U.S.))))))))))) ,) (VP has (VP begun (S (NP-SBJ *-4) (VP to (VP close (NP (NP some lands) (PP *ICH*-1)) (PP-CLR to (NP the bikes)) , (PP-1 including (NP (NP major portions) (PP of (NP (NP the popular Pacific Crest Trail) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP stretches (PP-DIR from (NP California)) (PP-DIR to (NP Canada)))))))))))))) .)) (TOP (S (ADVP-TMP Often) (NP-SBJ these closings) (VP come (PP-TMP-CLR after (NP (NP vigorous anti-bike lobbying) (PP by (NP (NP conservation organizations) , (NP (NP the (ADJP politically potent) Sierra Club) (PP-LOC among (NP them)))))))) .)) (TOP (S (NP-SBJ Sierra) (VP has (VP been (ADJP-PRD instrumental) (PP in (S-NOM (NP-SBJ *) (VP securing (NP (NP a number) (PP of (NP the California bans)))))))) .)) (TOP (S (NP-SBJ It) (VP has (VP been (VP waging (NP an all-out campaign (S (NP-SBJ *) (VP to (VP beat (ADVP-DIR back) (NP (NP a proposal (S *ICH*-1)) , (VP pushed (NP *) (PP by (NP-LGS Utah bike groups))) , (S-1 (NP-SBJ *) (VP to (VP allow (NP the cycles) (PP-LOC in (NP (NP (ADJP federally designated) wilderness areas) , (SBAR (WHADVP-2 where) (S (NP-SBJ they) (VP are (ADVP-TMP now) (VP prohibited (ADVP-LOC *T*-2)))))))))))))))))) .)) (TOP (S (ADVP Yet) (NP-SBJ (NP Sierra 's) hard-line stance) (VP has (VP created (NP (NP something) (PP of (NP a rift))) (PP-LOC in (NP (NP the organization) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP estimates (SBAR that (S (NP-SBJ (NP 17 %) (PP of (NP its 500,000 members))) (VP own (NP mountain bikes))))))))))) .)) (TOP (S (S (NP-SBJ (NP Pressure) (PP from (NP these members))) (VP prompted (NP-1 the club) (ADVP-TMP recently) (S (NP-SBJ *-1) (VP to (VP soften (NP its anti-bike rhetoric)))))) ; (S (NP-SBJ it) (ADVP no longer) , (PP for (NP example)) , (VP lumps (NP the bikes) (PP-CLR into (NP (NP the same category) (PP as (NP (NP motorcycles) and (NP other terrain-marring off-road vehicles))))))) .)) (TOP (S But (NP-SBJ the club) (ADVP-TMP still) (VP insists (SBAR that (S (NP-SBJ-1 public lands) (VP ought (S (NP-SBJ *-1) (VP to (VP be (VP closed (NP *-1) (PP-CLR to (NP the bikes)) (SBAR-ADV unless (S (NP-SBJ studies) (VP indicate (SBAR 0 (S (NP-SBJ the bikes) (VP wo n't (VP injure (NP (NP the environment) or (NP other users))))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ I) (VP have (NP a mountain bike))) , (S (ADVP yet) (PP as (NP a hiker)) (NP-SBJ-1 I) (VP 've (VP been (VP run (NP *-1) (PP-DIR off (NP the road)) (PP by (NP-LGS (NP kids) (VP careening down (NP a fire trail) (PP on (NP them)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Gene Coan) , (NP (NP an official) (PP-LOC at (NP (NP (NP Sierra 's) headquarters) (PP-LOC in (NP San Francisco)))))) , (S-ADV (NP-SBJ *) (VP echoing (NP (NP the concerns) (PP of (NP many members))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ (NP People) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP feel (SBAR that (S (NP-SBJ-1 cyclists) (VP should (VP be (VP banned (NP *-1) (PP-CLR from (NP an area))))))))))) (VP are n't (VP looking (PP-CLR at (NP the whole picture))))) , '' (VP complains (S *T*-3)) (NP-SBJ (NP Mark Langton) , (NP (NP associate editor) (PP of (NP (NP Mountain and City Biking magazine) (PP-LOC in (NP (NP Canoga Park) , (NP Calif))))))) .)) (TOP (S (NP-SBJ Mr. Langton) (VP is (PP-LOC-PRD among (NP (NP (NP the legions) (PP of (NP bikers))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP got (NP (NP their first taste) (PP of (NP wilderness))) (PP as (NP hikers or backpackers)))))))) .)) (TOP (S (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ fellow bikers) (VP show (NP (NP (NP the same concern) (PP for (NP the land))) (SBAR (WHNP-2 that) (S (NP-SBJ they) (VP demonstrated (NP *T*-2) (PP as (NP hikers))))))))))) ; (S (NP-SBJ-1 many) (VP are (ADJP-PRD appalled (SBAR that (S (NP-SBJ the conservation community) (VP would (ADVP suddenly) (VP consider (S (NP-SBJ them) (NP-PRD the enemy))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP fight (PRT back)))) , (NP-SBJ-1 (NP activists) (PP such as (NP Mr. Langton))) (VP are (VP forming (NP (NP groups) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP (VP lobby (NP land managers) (PP over (NP access issues))) and (VP undertake (NP (NP education programs) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP show (SBAR that (S (NP-SBJ the bikes) (VP can (VP (ADVP-MNR responsibly) share (NP trails)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Mr. Langton 's) group) , (NP Concerned Off-Road Bicyclists Association) ,) (VP mounted (NP (NP petition drives) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP help (VP keep (ADJP-PRD open) (NP (NP certain Santa Monica Mountain trails) (VP designated (NP *) (PP for (NP closing))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Biking groups) (PP-LOC in (NP Montana , Idaho , Michigan and Massachusetts))) (VP have (VP won (NP similar concessions)))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Tim Blumenthal) , (NP (NP mountain bike editor) (PP of (NP Bicycling magazine)))) .)) (TOP (S (S (NP-SBJ-2 These groups) (VP have (VP been (VP trying (S (NP-SBJ *-2) (VP to (VP improve (NP (NP the mountain biker 's) image)))))))) ; (S (PP-LOC in (NP (NP the San Francisco-area park district) (SBAR (WHADVP-3 where) (S (NP-SBJ-1 a ranger) (VP was (VP clobbered (NP *-1) (PP by (NP-LGS a cyclist)) (NP-TMP this summer) (ADVP-LOC *T*-3))))))) (NP-SBJ bikers) (VP have (VP formed (NP (NP a volunteer patrol) (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP (VP to (VP help (S (NP-SBJ rangers) (VP enforce (NP regulations))))) , and (VP to (VP school (NP riders) (PP-CLR in (NP proper trail etiquette))))))))))) .)) (TOP (S (NP-SBJ Even staunch anti-bike Sierra members) (VP concede (SBAR that (S (NP-SBJ (NP 10 %) (PP of (NP all riders))) (VP cause (NP (NP most) (PP of (NP the problems))))))) .)) (TOP (SINV (S-TPC-4 (SBAR-ADV While (S (NP-SBJ some) (VP are (NP-PRD (NP renegade riders) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (ADVP simply) (VP scorn (NP regulations)))))))) , (NP-SBJ much bad riding) (ADVP simply) (VP reflects (NP (NP ignorance) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP can (VP be (VP corrected (NP *-1) (PP-MNR through `` (NP (NP education) and (NP peer pressure))))))))))) , '' (VP says (S *T*-4)) (NP-SBJ (NP Jim Hasenauer) , (NP (NP a director) (PP of (NP the International Mountain Biking Association)))) .)) (TOP (S `` (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ we) (VP 're (VP making (NP progress)))))) . '')) (TOP (S (NP-SBJ Few) (VP would (VP have (VP foreseen (NP such a furor) (SBAR-TMP (WHADVP when) , (S (ADVP-TMP (NP a decade) ago) , (NP-SBJ some Marin County bicycle enthusiasts) (VP created (NP a hybrid bike) (S-MNR (NP-SBJ *) (VP using (NP (NP fat tires) , (NP lightweight metallurgy) and (NP multi-gear technology)))))))))) .)) (TOP (S (NP-SBJ They) (VP wanted (NP (NP a machine) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP allow (S (NP-SBJ them) (VP to (VP pedal (PP-DIR into (NP (NP rugged terrain) (ADJP then inaccessible (PP to (NP cycles)))))))))))))) .)) (TOP (S (NP-SBJ They) (VP got (NP (NP (NP a machine) (ADJP (ADJP more responsive) , (ADJP more stable) and (PP in (NP many ways)) (ADJP (ADJP easier (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP ride (NP *T*-2)))))) (PP than (NP (NP the thin-tired racing bikes) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP then) (VP were (NP-PRD the rage))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ the bikes) (ADVP-TMP first) (VP entered (NP mass production) (PP-TMP in (NP 1981)) (ADVP-TMP *T*-2)))) , (NP-SBJ-1 they) (VP were (VP dismissed (NP *-1) (PP-CLR as (NP a fad)))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ (NP 25 %) (PP of (NP (NP the (ADJP 10 million) bicycles) (VP sold (NP *) (PP-LOC-CLR in (NP the U.S.)))))) (VP were (NP-PRD mountain bikes)) .)) (TOP (S (PP-LOC In (NP (NP California) , (NP a bellwether market) ,)) (NP-SBJ they) (VP accounted (PP-CLR for (NP (NP (QP more than 80) %) (PP of (NP all bike sales))))) .)) (TOP (S (NP-SBJ (NP The majority) (PP of (NP the bikes))) (ADVP-TMP never) (ADVP even) (VP make (NP it) (PP-DIR into (NP the high country))) .)) (TOP (S (NP-SBJ City dwellers) (VP love (NP them) (SBAR-PRP because (S (NP-SBJ they) (VP (VP shift (ADVP-MNR smoothly) (PP-LOC in (NP traffic))) , (VP bounce (ADVP-MNR easily) (PP-LOC-CLR over (NP curbs))) and (VP roll (PP-LOC-CLR through (NP road glass)) (PP with (NP (NP (ADJP far fewer) flat tires) (PP than (NP racing bikes))))))))) .)) (TOP (S (NP-SBJ (NP Crested Butte) , (NP population 1,200) ,) (VP is (NP-PRD (NP a bastion) (PP of (NP the sport)))) .)) (TOP (S (PP By (NP one estimate)) , (NP-SBJ (NP everyone here) (PP under (NP 50))) (VP owns (NP at least one bike)) .)) (TOP (S (S (NP-SBJ The town) (VP is (NP-PRD (NP home) (PP to (NP (NP the Mountain Bike Hall) (PP of (NP Fame))))))) and (S (NP-SBJ it) (VP hosts (NP the annual Fat Tire Bike Week))) .)) (TOP (S (NP This summer) , (NP-SBJ the jamboree) (VP attracted (NP (NP more visitors) (PP than (NP (NP the busiest week) (PP of (NP (NP the town 's) winter ski season)))))) .)) (TOP (S (NP-SBJ (NP David Lindsey) , (NP (NP chairman) (PP of (NP the Fat Tire Bike celebration))) ,) (VP muses (SBAR that (S (NP-SBJ (NP the bike 's) popularity) (VP may (VP be (NP-PRD (NP a combination) (PP of (NP technology and nostalgia)))))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ The mountain bike) (VP feels (ADJP-PRD as comfortable (PP as (NP (NP the ` paperboy ' bike) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP had (NP *T*-1) (PP as (NP a kid)))))))))) , but (S (NP-SBJ it) (VP can (VP do (NP so much more))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ The following issues) (VP were (ADVP-TMP recently) (VP filed (PP-LOC-CLR with (NP the Securities and Exchange Commission)))) :)) (TOP (NP-HLN (NP (NP (NP Canada 's) Province) (PP of (NP Nova Scotia))) , (NP (NP shelf offering) (PP of (NP (NP (QP up to $ 550 million) *U*) (PP of (NP debentures))))) .)) (TOP (NP-HLN (NP (NP Golar Gas Holding Co.) , (NP (NP a subsidiary) (PP of (NP Gotaas-Larsen Shipping Corp.)))) , (NP (NP offering) (PP of (NP (ADJP (QP $ 280 million) *U*) first preferred ship mortgage notes))) , (PP-MNR via (NP Merrill Lynch Capital Markets)) .)) (TOP (NP-HLN (NP H.F. Ahmanson & Co.) , (NP (NP offering) (PP of (NP (NP four million shares) (PP of (NP (NP noncumulative convertible preferred stock) , (NP Series B.)))))) , (PP-MNR via (NP (NP Goldman , Sachs & Co) , (NP First Boston Corp.) , and (NP Merrill Lynch))) .)) (TOP (NP (NP Shared Technologies Inc.) , (NP (NP offering) (PP of (NP (ADJP 2.5 million) common shares))) , (PP-MNR via (NP (NP Smetek , Van Horn & Cormack Inc.) and (NP Oakes , Fitzwilliams & Co))) .)) (TOP (S (NP-SBJ Stock-market tremors) (ADVP-TMP again) (VP shook (NP bond prices) , (SBAR-TMP while (S (NP-SBJ the dollar) (VP turned (PRT in) (NP-PRD a mixed performance))))) .)) (TOP (S (NP-TMP Early yesterday) , (NP-SBJ-2 investors) (VP scrambled (S (NP-SBJ *-2) (VP to (VP buy (NP Treasury bonds) (PP-PRP for (NP safety))))) (SBAR-TMP as (S (S (NP-SBJ stock prices) (VP plummeted)) and (S (NP-SBJ (NP fears) (PP *ICH*-1)) (VP-3 mounted (PP-1 of (NP (NP a replay) (PP of (NP Friday))))))))) .)) (TOP (S But (NP-SBJ stocks) (ADVP-TMP later) (VP recovered , (S-ADV (NP-SBJ *) (VP erasing (NP (NP most) (PP of (NP their early declines)))))) .)) (TOP (S (NP-SBJ That) (VP (VP cut (S (ADJP-PRD short) (NP-SBJ (NP the rally) (PP-LOC in (NP Treasury bonds))))) and (VP depressed (NP prices) (PP-LOC (ADVP moderately) below (NP (NP late Monday 's) levels)))) .)) (TOP (S (NP-SBJ (NP The Dow Jones Industrial Average) , (ADVP down (NP (QP more than 60.25) points) (ADVP-TMP early (PP in (NP the day)))) ,) (VP finished (ADVP-CLR (NP 18.65 points) lower) (PP-CLR at (NP 2638.73))) .)) (TOP (S (NP-SBJ Long-term Treasury issues) (VP declined (NP-EXT (NP about half a point) , or (NP (NP $ 5 *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The stock market) (ADVP clearly) (VP is (VP leading (NP the bond markets)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Jack Conlon) , (NP (NP an executive vice president) (PP-LOC at (NP Nikko Securities)))) .)) (TOP (S `` (NP-SBJ People) (VP are (VP breathing (NP (NP a major sigh (SBAR *ICH*-1)) (PP of (NP relief)) (SBAR-1 that (S (NP-SBJ the world) (VP did n't (VP end (NP-TMP (NP Monday morning) '' or (NP yesterday))))))))) .)) (TOP (S (NP-SBJ (NP Gold) , (NP (NP a (ADJP closely watched) barometer) (PP of (NP investor anxiety))) ,) (VP was (ADJP-PRD little changed)) .)) (TOP (S (NP-SBJ The dollar) (ADVP-TMP initially) (VP fell (PP-CLR against (NP other major currencies)) (PP on (NP news (SBAR that (S (NP-SBJ the U.S. trade deficit) (VP surged (PP-TMP in (NP August)) (PP-DIR to (NP (QP $ 10.77 billion) *U*)))))))) .)) (TOP (S But (NP-SBJ the dollar) (ADVP-TMP later) (VP rebounded , (S-ADV (NP-SBJ *) (VP finishing (ADJP-CLR (ADJP slightly higher (PP against (NP the yen))) although (ADJP slightly lower (PP against (NP the mark))))))) .)) (TOP (S (NP-SBJ Federal Reserve officials) (VP sent (NP (NP another signal) (PP of (NP their determination (S (NP-SBJ *) (VP to (VP shore (PRT up) (NP investor confidence)))))))) .)) (TOP (S (PP-LOC In (NP an apparent attempt (S (NP-SBJ *) (VP to (VP keep (NP a lid) (PP-LOC-CLR on (NP short-term interest rates))))))) , (NP-SBJ the Fed) (ADVP once again) (VP pumped (NP money) (PP-DIR into (NP the banking system))) .)) (TOP (S (S-TPC-1 But (NP-SBJ the Fed move) (VP was (NP-PRD a small gesture))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ Fed officials) (VP appear (ADJP-PRD reluctant (S (NP-SBJ *) (VP to (VP ease (NP their credit grip) (ADVP any further))))) (SBAR-PRP because (S (NP-SBJ a bold move) (VP does n't (VP appear (ADJP-PRD necessary))))))) , (NP-SBJ several investment managers) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The Fed) (VP has (VP allowed (S (NP-SBJ a key short-term interest rate) (VP to (VP decline (NP about one-quarter percentage point)))))) .)) (TOP (S (NP-SBJ (NP The federal funds rate) (PP-LOC on (NP (NP overnight loans) (PP-LOC between (NP banks))))) (VP has (VP been (VP hovering (PP-LOC-CLR around (NP (NP 8 3 %) , (ADVP down (PP from (NP 9 %) (ADVP-TMP previously)))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ stocks) (VP have (VP led (NP bonds) (NP-TMP this week))))) , (NP-SBJ some traders) (VP predict (SBAR 0 (S (NP-SBJ that relationship) (VP will (VP reverse (PP-TMP during (NP the next few weeks))))))) .)) (TOP (S (NP-SBJ (NP Nikko 's) Mr. Conlon) (VP fears (SBAR 0 (S (NP-SBJ (NP a huge wave) (PP of (NP Treasury borrowing)) (NP-TMP early next month)) (VP will (VP drive (ADVP-CLR down) (NP Treasury bond prices)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP That) , (VP coupled (NP *) (PP-CLR with (NP poor third-quarter corporate-earnings comparisons))) ,) `` (VP will (VP make (NP trouble) (PP for (NP the equity market)))) (PP for (NP (QP the next two to three) months))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ several other traders) (VP contend (SBAR (SBAR 0 (S (NP-SBJ investors) (VP have (VP overreacted (PP-CLR to (NP junk-bond jitters)))))) , and (SBAR that (S (NP-SBJ-1 stock prices) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP recover))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ They) (VP shot (NP the whole orchestra) (SBAR-PRP (ADVP just) because (S (NP-SBJ the piano player) (VP hit (NP a bad note)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Laszlo Birinyi) , (NP (NP president) (PP of (NP Birinyi Associates Inc.)))) , (S-ADV (NP-SBJ *) (VP referring (PP-CLR to (NP (NP (NP the stock market 's) plunge) (NP-TMP Friday) (PP on (NP (NP news) (PP of (NP (NP trouble) (PP in (S-NOM (NP-SBJ *) (VP financing (NP the UAL Corp . buy-out)))))))))))) .)) (TOP (S (PP-LOC In (NP major market activity)) : (NP-SBJ Treasury bond prices) (VP fell) .)) (TOP (S (NP-SBJ (NP The yield) (PP-LOC on (NP 30-year Treasury bonds))) (VP climbed (ADVP-DIR back) (PP above (NP 8 %)) , (S-ADV (NP-SBJ *) (VP ending (NP the day) (PP at (NP 8.03 %))))) .)) (TOP (S (NP-SBJ-1 The dollar) (VP was (ADJP-PRD mixed)) .)) (TOP (S (NP-TMP Late yesterday) (PP-LOC in (NP New York)) , (NP-SBJ the dollar) (VP (VP rose (PP-DIR to (NP 142.75 yen)) (PP-DIR from (NP (NP 141.80 yen) (NP-TMP Monday)))) , but (VP fell (PP-DIR to (NP 1.8667 marks)) (PP-DIR from (NP 1.8685 marks)))) .)) (TOP (S (NP-SBJ (NP The Consumer News and Business Channel cable network) and (NP U.S. News & World Report)) (VP have (VP formed (NP a joint venture (S (NP-SBJ *) (VP to (VP produce (NP (NP cable program versions) (PP of (NP (NP special issues) (PP of (NP the magazine))))))))))) .)) (TOP (S (NP-SBJ The programs) (VP will (VP run (PP-LOC-CLR on (NP the cable network)) (NP-TMP (NP the Sunday evening) (PP (ADVP immediately) prior (PP to (NP (NP the release) (PP of (NP (NP the special issue) (PP of (NP U.S. News & World Report)))))))))) .)) (TOP (S (NP-SBJ CNBC) (VP is (NP-PRD (NP a joint venture) (PP of (NP (NP (NP the National Broadcasting Co.) , (NP (NP a unit) (PP of (NP General Electric Co.)))) , and (NP Cablevision System Corp))))) .)) (TOP (S (NP-SBJ-1 Advertisers) (VP will (VP be (VP offered (NP *-1) (NP (NP an advertising package) , (SBAR (WHNP-2 which) (S (PP for (NP a single price)) , (NP-SBJ *T*-2) (VP will (VP include (NP (NP (NP time) (PP-LOC on (NP the CNBC program))) and (NP (NP ad pages) (PP-LOC in (NP the special guides)))))))))))) .)) (TOP (S (NP-SBJ CNBC) (VP will (VP produce (NP six , one-hour programs)) , (S-TMP (NP-SBJ *) (VP beginning (PP-TMP-CLR in (NP April 1990))))) .)) (TOP (S (NP-SBJ (NP The first program) (VP scheduled (NP *) (PP-LOC in (NP the joint venture)))) (VP is `` (NP-TTL-PRD The 1990 (NP Homeowner 's) Guide)) . '')) (TOP (S (NP-SBJ-1 Other programs and special issues) (VP will (VP be (VP based (NP *-1) (PP-LOC-CLR on (NP (NP themes) (PP of (NP (NP health) , (NP jobs) , (NP personal finance) , (NP the best colleges) , and (NP investments)))))))) .)) (TOP (S (NP-SBJ-1 The programs) (VP will (VP be (VP written and produced (NP *-1) (PP by (NP-LGS CNBC)) , (SBAR with (S (NP-SBJ background and research) (VP provided (NP *) (PP by (NP-LGS (NP staff) (PP from (NP U.S. News & World Report)))))))))) .)) (TOP (NP-HLN Skoal Daze)) (TOP (S (NP-SBJ I) (VP 've (VP learned (NP-MNR the hard way) (SBAR that (S (NP-SBJ (ADJP too much) booze) (VP Takes (NP revenge) (NP-TMP the next day) (PP-TMP about (NP nine))))) ; (FRAG (NP No wonder (SBAR 0 (S (NP-SBJ I) (VP say , `` (S (NP-SBJ I) (VP drink (PP-CLR to (NP your health)))) '')))) -- (NP-SBJ It) (ADVP certainly) (VP is n't (PP-PRD to (NP mine)))))) !)) (TOP (NP -- George O. Ludcke .)) (TOP (ADJP-HLN Spaced Out)) (TOP (S (NP-SBJ Those supermarket tabloids) (VP Make (S (NP-SBJ me) (VP feel (ADJP-PRD slow))) (SBAR-PRP Because (S (NP-SBJ I) (ADVP still) (VP have n't (VP seen))))))) (TOP (NP -- Bruce Kafaroff .)) (TOP (NP-HLN Daffynition)) (TOP (NP (NP Repression) : (NP emote control) .)) (TOP (NP -- Daisy Brown .)) (TOP (S (NP-SBJ Weyerhaeuser Co.) (VP reported (NP (NP (NP a one-time gain) and (NP strong wood-product sales)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP offset (NP (NP weakness) (PP-LOC in (NP pulp and paper))) (S-PRP (NP-SBJ *) (VP to (VP fuel (NP (NP a (ADJP 15 %) jump) (PP-LOC in (NP third-quarter net income))) (PP-DIR to (NP (NP (QP $ 166.8 million) *U*) , or (NP (NP 78 cents) (NP-ADV a share)))))))))))) .)) (TOP (S (PP-TMP In (NP the 1988 third quarter)) , (NP-SBJ the forest-products company) (VP reported (NP (NP profit) (PP of (NP (NP (QP $ 144.9 million) *U*) , or (NP (NP 69 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 9 %) (PP-DIR to (NP (QP $ 2.57 billion) *U*)) (PP-DIR from (NP (QP $ 2.36 billion) *U*))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ the company) (VP posted (NP (NP a (ADJP 14 %) rise) (PP-LOC in (NP profit))) (PP-DIR to (NP (NP (QP $ 469.8 million) *U*) , or (NP (NP $ 2.21 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 410.3 million) *U*) , or (NP (NP $ 1.95 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 9 %) (PP-DIR to (NP (QP $ 7.54 billion) *U*)) (PP-DIR from (NP (QP $ 6.95 billion) *U*))) .)) (TOP (S (NP-SBJ (NP Results) (PP for (NP the 1989 third quarter and nine months))) (VP include (NP (NP (NP a pretax loss) (PP of (NP (QP $ 33 million) *U*)) (PP from (NP (NP the company 's) business improvement and refocusing program))) , and (NP (NP a gain) (PP of (NP (QP $ 49 million) *U*)) (PP on (NP (NP the sale) (PP of (NP (NP a subsidiary 's) common stock))))))) .)) (TOP (S (NP-SBJ Forest-products operations) (VP strengthened (PP-TMP in (NP the third quarter)) , (SBAR-TMP while (S (NP-SBJ-1 paper operations) (VP were (VP dogged (NP *-1) (PP by (NP-LGS (NP higher costs) , (NP soft newsprint exports) and (NP a strong Japanese yen)))))))) .)) (TOP (S (NP-SBJ Some competing forest-products firms) (VP have (ADVP-TMP recently) (VP reported (NP (NP improved results) (ADJP due (PP to (NP strong pulp and paper business)))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ (NP Weyerhaeuser 's) pulp and paper operations) (VP were (ADVP-PRD up) (PP-TMP for (NP the nine months)))) , but (S (NP-SBJ full-year performance) (VP depends (PP-CLR on (NP (NP (NP the balance) (PP of (NP operating and maintenance costs))) , plus (NP (NP pricing) (PP of (NP certain products)))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Looking (ADVP-CLR ahead) (PP to (NP the fourth quarter)))) , (NP-SBJ-1 the company) (VP said (SBAR 0 (S (NP-SBJ export log and lumber markets) (VP will (VP be (ADJP-PRD weak) , (SBAR-ADV while (S (NP-SBJ panel and plywood markets) (VP will (VP be (ADJP-PRD stronger)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Pulp and paper performance) (VP depends (PP-CLR on (NP cost and price variables)))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Bankers Trust New York Corp.) (VP became (NP-PRD (NP the latest major U.S. bank) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP increase (NP (NP reserves) (PP for (NP (NP its loans) (PP to (NP less-developed countries)))))))))) , (S-ADV (NP-SBJ *) (VP making (NP (NP a (ADJP (QP $ 1.6 billion) *U*) third-quarter addition) (PP to (NP its provision)))))) .)) (TOP (S (NP-SBJ The bank) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP (NP a (ADJP (QP $ 1.42 billion) *U*) loss) (PP-TMP for (NP the third quarter))) and (NP (NP a loss) (PP-TMP for (NP the full year))))))))))) .)) (TOP (S (NP-SBJ The new reserves) (VP bring (NP (NP (NP the company 's) provision) (PP for (NP (NP loans) (PP to (NP Third World countries))))) (PP-CLR to (NP (NP (QP $ 2.6 billion) *U*) , or (NP (NP 85 %) (PP of (NP (NP (NP Bankers Trust 's) (ADJP medium and long-term) loans) (PP to (NP these countries)))))))) .)) (TOP (S `` (NP-SBJ *) (VP (VP Step (ADVP-CLR up (PP to (NP the plate)))) and (VP take (NP the big swing))) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ *) (VP Get (NP the problem) (PP-CLR behind (NP you)))) and (S (NP-SBJ *) (VP do n't (VP look (ADVP-CLR back))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP James J. McDermott) , (NP (NP analyst) (PP-LOC at (NP Keefe , Bruyette & Woods)))) , (PP in (S-NOM (NP-SBJ *) (VP approving (PP-CLR of (NP the move))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Bankers Trust) `` (VP has (VP had (NP the capacity (S (NP-SBJ *) (VP to (VP do (NP this) (PP-TMP for (NP some time))))))))) , '' (NP-SBJ the analyst) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP expects (S (NP-SBJ Citicorp) (VP to (VP take (NP a similar step) (NP-TMP this year))))) .)) (TOP (S (NP-SBJ Citicorp) (NP-TMP yesterday) (VP reported (NP (NP a (ADJP 9 %) third-quarter earnings drop) , (SBAR (WHNP-1 which) (S (NP-SBJ analysts) (VP called (S (NP-SBJ *T*-1) (ADJP-PRD a bit disappointing)))))) , (SBAR-ADV while (S (NP-SBJ Manufacturers Hanover Corp.) (VP posted (NP (NP a (ADJP (QP $ 789 million) *U*) loss) (PP-TMP for (NP the quarter))) (PP-TMP after (S-NOM (NP-SBJ *) (VP adding (NP (QP $ 950 million) *U*) (PP-CLR to (NP (NP its reserve) (PP for (NP (NP loans) (PP to (NP less-developed countries))))))))))))) .)) (TOP (S (NP-SBJ Three other major U.S. banks) (VP posted (NP earnings increases)) .)) (TOP (S (NP-SBJ (NP Wells Fargo & Co.) (PP of (NP San Francisco))) (VP posted (NP a (ADJP 17 %) jump)) .)) (TOP (S (NP-SBJ (NP PNC Financial Corp.) , (NP (NP the parent) (PP of (NP Pittsburgh National Bank))) ,) (VP reported (SBAR 0 (S (NP-SBJ net income) (VP climbed (NP-EXT 9.8 %)))) , (SBAR-TMP while (S (NP-SBJ (NP net) (PP for (NP (NP Banc One Corp.) (PP of (NP (NP Columbus) , (NP Ohio) ,))))) (VP grew (NP-EXT 3.8 %))))) .)) (TOP (NP-HLN Citicorp)) (TOP (S (NP-SBJ-1 Analysts) (VP were (VP (ADVP only slightly) disappointed (NP *-1) (PP by (NP-LGS (NP Citicorp 's) numbers)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ There) (VP 's (NP-PRD (NP (NP (NP nothing) (PP-LOC in (NP here))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD horrible))))) and (NP (NP nothing) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP make (S (NP-SBJ you) (VP think (SBAR 0 (S (NP-SBJ they) (VP 're (VP setting (S (NP-SBJ the world) (PP-PRD on (NP fire))))))))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Carole Berger) , (NP (NP analyst) (PP for (NP C.J. Lawrence , Morgan Grenfell Inc)))) .)) (TOP (S (NP-SBJ (NP Earnings) (PP from (NP (NP the bank 's) global consumer business))) (VP grew (NP-EXT 27 %)) .)) (TOP (SINV `` (S (NP-SBJ-1 The consumer business) (VP continues (S (NP-SBJ *-1) (VP to (VP drive (NP the earnings stream)))))) , '' (VP said) (NP-SBJ (NP Mr. McDermott) (PP of (NP Keefe , Bruyette & Woods))) .)) (TOP (S-1 (S (NP-SBJ (NP Corporate finance and trading results) (PP-LOC in (NP (NP member countries) (PP of (NP (NP the Organization) (PP for (NP Economic Cooperation and Development))))))) (VP were `` (ADJP-PRD relatively flat) , (ADJP-PRD sometimes choppy))) (PRN , '' (S (NP-SBJ the bank) (VP said (SBAR 0 (S *T*-1)))) ,) and (S (NP-SBJ (NP profit) (PP for (NP the area))) (VP sank (NP-EXT 27 %))) .)) (TOP (S-1 (NP-SBJ The cross-border loan portfolio) (VP reflected `` (NP (NP (NP adjustment problems) and (NP episodic payment patterns)) (PRN , '' (S (NP-SBJ the bank) (VP said (SBAR 0 (S *T*-1))))) (NP (NP (NP no interest payments) (PP from (NP Argentina)) (PP-LOC in (NP the nine months))) and (NP (NP none) (PP from (NP Brazil)) (PP-TMP in (NP the third quarter))))) , (SBAR-ADV while (S (NP-SBJ Venezuela) (VP brought (S (NP-SBJ itself) `` (ADJP-PRD substantially current)))))) . '')) (TOP (S (ADVP Overall) , (NP-SBJ the portfolio) (VP narrowed (NP its quarterly loss) (PP-DIR to (NP (QP $ 70 million) *U*)) (PP-DIR from (NP (QP $ 80 million) *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 People) (VP were (VP waiting (S (NP-SBJ *-2) (VP to (VP see (SBAR if (S (NP-SBJ we) (VP would (VP take (NP (NP an additional provision) '' (PP for (NP (NP (ADJP medium-term and long-term) loans) (PP to (NP less-developed countries))))))))))))))) , (NP-SBJ a Citicorp spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S But (NP-SBJ he) (VP reiterated (NP (NP the bank 's) position (SBAR that (S (NP-SBJ it) (VP is (ADJP-PRD comfortable (PP with (NP (NP the current level) (PP of (NP (QP $ 2.6 billion) *U*)) , (VP covering (NP (NP (QP about 30) %) (PP of (NP (NP (NP the (QP $ 8.9 billion) *U*) (PP of (NP such loans)) (ADJP outstanding)))))))))))))) .)) (TOP (S (NP-SBJ (NP Ronald I. Mandle) , (NP (NP analyst) (PP-LOC at (NP Sanford C. Bernstein & Co.))) ,) (VP called (S (NP-SBJ (NP (NP Citicorp 's) venture-capital gains) (PP of (NP (NP (QP $ 93 million) *U*) (PP-TMP before (NP taxes))))) `` (ADJP-PRD strong))) . '')) (TOP (S (NP-SBJ (NP A `` concerning '' item) (SBAR (WHNP-2 0) (S (NP-SBJ the analyst) (VP cited (NP *T*-2))))) (VP was (NP-PRD (NP (NP the (ADJP 10 %) jump) (PP in (NP expenses))) , (SBAR (WHNP-1 which) (S (NP-SBJ the bank) (VP attributes (NP *T*-1) (PP-CLR to (NP (NP costs) (PP of (S-NOM (NP-SBJ *) (VP expanding (NP both (NP its consumer credit-card operations) and (NP its overseas branch business)))))))))))) .)) (TOP (S (NP-SBJ (NP Citicorp 's) spokesman) (VP said , (ADVP however) , (SBAR that (S (NP-SBJ the bank) (VP is (VP maintaining (NP those expenses) (PP in (NP (NP proportion) (PP to (NP revenue growth))))))))) .)) (TOP (NP-HLN Wells Fargo)) (TOP (S (NP-SBJ-1 Wells Fargo) (VP continued (S (NP-SBJ *-1) (VP to (VP generate (NP (NP one) (PP of (NP (NP the highest profit margins) (PP-LOC among (NP major banks))))))))) , (S-ADV (NP-SBJ *) (VP minimizing (NP (NP a drop) (PP-LOC in (NP net interest margin))) (PP with (NP (NP (NP 13 % third-quarter growth) (PP-LOC in (NP high-yielding business loans))) and (NP (NP similar growth) (PP-LOC in (NP mortgages))))))) .)) (TOP (S (NP-SBJ Its margin) (VP fell (NP-EXT (NP (QP only seven) basis points) , or (NP (NP 7/100ths) (PP of (NP a percentage point)))) , (PP-TMP from (ADVP (NP a year) ago)) , (PP compared (PP with (NP (NP (NP a 13-point drop) (PP-LOC at (NP Security Pacific Corp.))) and (NP (NP (ADJP much larger) declines) (PP-LOC among (NP (NP banks) (PP-LOC in (NP (NP other parts) (PP of (NP the country))))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ (NP Wells Fargo 's) net interest income) (VP rose (NP-EXT (NP (QP $ 36.3 million) *U*) , or (NP 7 %) ,) (PP-DIR to (NP (NP (QP $ 537 million) *U*) (PP-TMP for (NP the quarter))))) .)) (TOP (S (NP-SBJ Non-interest income) (VP fell (ADVP slightly) (PP-DIR to (NP (QP $ 191.9 million) *U*)) (PP-DIR from (NP (QP $ 193.3 million) *U*)) , (SBAR-ADV while (S (NP-SBJ-2 Wells Fargo) (VP continued (S (NP-SBJ *-2) (VP to (VP (ADVP-MNR rigorously) control (NP (NP non-interest expense) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD almost flat) (PP at (NP (QP $ 393.4 million) *U*))))))))))))) .)) (TOP (S (NP-SBJ (NP The combination) (PP of (NP solid loan growth)) (PP with (NP tight expense control))) (VP gave (NP Wells Fargo) (NP (NP (NP (NP a 1.25 % return) (PP on (NP average assets)) (PP for (NP the quarter))) , (ADJP (ADJP (NP (QP about 40) %) higher) (PP than (NP (NP Security Pacific 's))))) and (NP (NP a profit ratio) (VP matched (NP *) (PP by (NP-LGS (NP (NP only two or three) other major banks) (NP-LOC in (NP the U.S)))))))) .)) (TOP (S (NP-SBJ (NP (NP Wells Fargo 's) return) (PP-LOC on (NP equity))) (VP increased (PP-DIR to (NP 24.4 %)) (PP-DIR from (NP 23.8 %))) .)) (TOP (S (NP-SBJ-2 Wells Fargo) (VP (VP has (VP sold (NP (NP all) (PP of (NP (NP its non-trade loans) (VP made (NP *) (PP-CLR to (NP less-developed countries)))))))) , and (VP managed (S (NP-SBJ *-2) (VP to (VP (ADVP-MNR partly) reverse (NP (NP the sharp rise) (PP in (NP (NP domestic non-accrual loans) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP fell (NP-EXT 8 %) (PP-TMP from (NP the previous quarter)) (PP-DIR to (NP (QP $ 806.8 million) *U*)) (PP-DIR from (NP (QP $ 880.9 million) *U*))))))))))))) .)) (TOP (S But (NP-SBJ the amount) (VP was (ADJP-PRD (ADJP (ADJP still (NP 39 %) higher) (PP than (NP the year-ago level))) , and (ADJP (ADJP (NP 25 %) higher) (PP as (NP (NP a percentage) (PP of (NP total loans))))))) .)) (TOP (S (NP-SBJ (NP That trend) , and (NP (NP (NP Wells Fargo 's) heavy exposure) (PP to (NP leveraged buy-outs))) ,) (VP are (NP-PRD (NP about the only worries) (SBAR (WHNP-1 0) (S (NP-SBJ analysts) (VP have (NP *T*-1) (PP about (NP (NP Wells Fargo 's) financial picture))))))) .)) (TOP (S (NP-SBJ Wells Fargo) (VP is (VP rebuilding (NP (NP its loan-loss reserve) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP increased (PP-DIR to (NP (NP (QP $ 711 million) *U*) (PP-TMP at (NP Sept. 30)))) (PP-DIR from (NP (NP (QP $ 664 million) *U*) (NP-TMP the previous quarter)))) but (VP was (ADVP-PRD down (PP from (NP (QP $ 852 million) *U*) (NP-TMP (ADVP (NP a year) ago) , (SBAR (WHADVP-2 when) (S (NP-SBJ the bank) (ADVP-TMP still) (VP had (NP some shaky foreign loans) (ADVP-TMP *T*-2)))))))))))))) .)) (TOP (NP-HLN Manufacturers Hanover)) (TOP (S (NP-SBJ Manufacturers Hanover) (VP said (SBAR that (S (PP excluding (NP (NP (NP the addition) (PP to (NP its reserves))) , (NP certain tax benefits) , and (NP (NP a one-time (ADJP (QP $ 16 million) *U*) gain) (PP on (NP (NP the sale) (PP of (NP (NP an interest) (PP in (NP a foreign leasing company))))))))) , (NP-SBJ third-quarter earnings) (VP were (NP-PRD (QP $ 75 million) *U*))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The comparable year-earlier number) (VP was (NP-PRD (QP $ 56 million) *U*))) , (NP-SBJ a spokesman) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP The bank 's) additional provisions) (VP brought (NP (NP reserves) (PP for (NP (NP loans) (PP to (NP less-developed countries))))) (PP-DIR to (NP (QP $ 2.4 billion) *U*)) , (S-ADV (NP-SBJ *) (VP covering (NP (NP 36 %) (PP of (NP (NP its medium and long-term loans) (ADJP outstanding (PP to (NP these nations))))))))) .)) (TOP (S (NP-SBJ (NP The net interest margin) - (NP (NP the difference) (PP between (NP (NP (NP (NP the bank 's) cost) (PP of (NP funds))) and (SBAR-NOM (WHNP-1 what) (S (NP-SBJ it) (VP receives (NP *T*-1) (PP-CLR as (NP interest payments)))))))) --) (VP improved (PP-TMP in (NP the quarter)) , (SBAR as (SINV did (NP-SBJ (NP certain areas) (PP of (NP wholesale banking)))))) .)) (TOP (S (NP-SBJ (NP Fees) (PP from (NP syndicating loans))) (VP dropped (NP-EXT 48 %) , (PP-DIR to (NP (QP $ 21 million) *U*))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP did n't (VP take (NP part) (PP-CLR in (NP (NP a lot) (PP of (NP deals)))) '' (PP-TMP in (NP the quarter)) `` (SBAR-PRP because (S (NP-SBJ their credit quality) (VP was (ADJP-PRD poor))))))) , '' (NP-SBJ the spokesman) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Expenses) (ADJP unrelated (PP to (NP interest)))) (VP rose (NP-EXT 5.4 %) , (PP-DIR to (NP (QP $ 541 million) *U*))) .)) (TOP (NP-HLN PNC Financial)) (TOP (S (NP-SBJ PNC Financial) (VP (VP cited (NP (NP higher income) (PP from (NP (NP sources) (ADJP unrelated (PP to (NP interest))))))) and (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP continues (S (NP-SBJ *-1) (VP to (VP cut (NP costs))))))))) .)) (TOP (S (NP-SBJ (NP Net interest income) (PP-TMP in (NP the third quarter))) (VP edged (PRT up) (NP-EXT 1.4 %) , (PP-DIR to (NP (QP $ 317.7 million) *U*))) .)) (TOP (S (NP-SBJ Trust income) (VP grew (NP-EXT 15 %) , (PP-DIR to (NP (QP $ 49.9 million) *U*)) , (SBAR-TMP while (S (NP-SBJ (NP service charges) , (NP fees) and (NP commissions)) (VP increased (NP-EXT 22 %) , (PP-DIR to (NP (QP $ 79.4 million) *U*)))))) .)) (TOP (S (NP-SBJ (NP (NP The bank 's) total allowance) (PP for (NP credit losses))) (VP was (NP-PRD (NP (QP $ 502.1 million) *U*) , or (NP (NP 1.82 %) (PP of (NP total loans))))) .)) (TOP (S (NP-SBJ Prime Minister Rajiv Gandhi) (VP set (NP (NP a date) (PP *ICH*-2)) (NP-TMP-CLR next month) (PP-2 for (NP (NP general elections) (SBAR (WHNP that) (S (NP-SBJ some analysts) (VP say (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP could (VP cost (NP (NP him) and (NP his ruling Congress (PRN -LRB- (NP I) -RRB-) Party)) (NP (NP control) (PP of (NP the government))))))))))))) .)) (TOP (S (NP-SBJ Other analysts) (VP say (SBAR 0 (S (NP-SBJ-1 the Indian leader) (VP (VP could (VP retain (NP control) (PP with (NP a slim majority)))) or (VP be (VP forced (S (NP-SBJ *-1) (VP to (VP rule (PP-CLR as (NP (NP the dominant partner) (PP-LOC in (NP (NP a coalition) (PP with (NP other parties))))))))))))))) .)) (TOP (S (NP-SBJ (NP Elections) (PP-LOC in (NP this (ADJP large , diverse and passionate) nation))) (VP are (ADVP-TMP always) (ADJP-PRD hard (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP predict (NP *T*-1))))))) .)) (TOP (S (NP-SBJ Much) (VP depends (PP-CLR on (NP (NP the opposition) , (NP (NP (NP a loose group) (PP of (NP regional and ideological parties))) (VP led (NP *) (PP by (NP-LGS former Gandhi cabinet minister (NP Vishwanath Pratap Singh)))))))) .)) (TOP (S (NP-SBJ The biggest certainty) (VP is (SBAR-PRD that (S (NP-SBJ the elections) (VP will (VP be (NP-PRD (NP a vote) (PP for or against (NP (NP Mr. Gandhi) and (NP (NP (NP his five years) (PP-LOC in (NP power))) -- (NP (NP five years) (PP of (NP (NP ups) and (NP downs) , (NP promises) and (NP disappointments) and (NP (NP wide fluctuations) (PP in (NP popularity))))))))))))))) .)) (TOP (S (NP-SBJ (NP-TMP Yesterday) , (PP-TMP (NP (NP four days) after) (NP (NP an unusual parliamentary defeat) (PP for (NP the ruling party)))) ,) (NP-SBJ Mr. Gandhi) (VP called (NP (NP elections) (PP for (NP (NP the lower house) (PP of (NP Parliament))))) (PP-TMP-CLR on (NP Nov. 22 and 24))) .)) (TOP (S (NP-SBJ-1 The elections) (VP will (VP be (VP held (NP *-1) (PP-LOC-CLR in (NP different states)) (PP-TMP-CLR on (NP (NP one) (PP of (NP the two days))))))) .)) (TOP (S -LRB- (S (NP-SBJ (NP The lower house 's) five-year term) (VP expires (PP-TMP-CLR in (NP January)))) ; (S (NP-SBJ-1 (NP the Parliament 's) upper house) (VP is (VP appointed (NP *-1)))) . -RRB-)) (TOP (S (NP-SBJ The elections) (VP will (VP be (NP-PRD a rigorous test) (PP for (NP (NP the 45-year-old prime minister) and (NP (NP Congress -LRB- I -RRB-) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (PP in (NP various forms)) (VP has (VP ruled (PP-TMP for (NP (NP (QP 40 of (NP India 's) 42) years) (PP of (NP independence))))))))))))) .)) (TOP (S (PP-TMP After (NP (NP a landslide win) (PP-TMP in (NP 1984)) (PP-LOC in (NP (NP polls) (VP held (NP *) (PP-TMP-CLR after (NP (NP the assassination) (PP of (NP (NP his mother) , (NP Indira Gandhi) ,))))))))) (NP-SBJ Mr. Gandhi) (VP saw (S (NP-SBJ his popularity) (VP begin (NP a roller coaster ride)))) .)) (TOP (S (NP-SBJ His early promises (S (NP-SBJ *) (VP to (VP make (S (NP-SBJ India) (NP-PRD a modern nation)))))) (VP remain (ADJP-PRD bogged down (PP in (NP bloated bureaucracy)))) .)) (TOP (S (NP-SBJ His pledge (S (NP-SBJ *) (VP to (VP clean (PRT up) (NP (NP local administration) and (NP (NP Indian politics) , (PP including (NP his own party)) ,)))))) (VP went (ADJP-PRD unfulfilled)) .)) (TOP (S (NP-SBJ-1 His `` Mr. Clean '' image) (VP was (VP muddied (NP *-1) (PP by (NP-LGS (NP an arms-kickback scandal) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP will (VP be (NP-PRD a major campaign issue))))))))) .)) (TOP (S (NP-SBJ Some analysts) (VP predict (NP that (S (NP-SBJ (NP disappointment) (PP in (NP (NP (NP Mr. Gandhi 's) spent pledge (S (NP-SBJ *) (VP to (VP reduce (NP (NP corruption) and (NP heavy-handed local government))))))))) (VP will (VP crest (PP-LOC at (NP the polls))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD (NP a wide feeling) (PP of (NP indignation))) (PP-LOC across (NP the country)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Bhabani Sen Gupta) (PP of (NP (NP the Center) (PP for (NP Policy Research)) , (PP-LOC in (NP New Delhi))))) .)) (TOP (S `` (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the people) (VP will (VP be (VP judging (NP (NP the regime) (PP by (NP a petty policeman))) , (PP by (NP a corrupt revenue collector)))))))) .)) (TOP (S (NP-SBJ This) (VP could (VP be (NP-PRD (NP a big protest) (PP against (NP an administrative failure))))) . '')) (TOP (S (SBAR-ADV (ADVP Even) if (S (NP-SBJ (NP the Congress) (PRN -LRB- (NP I) -RRB-)) (VP retains (NP (NP control) (PP of (NP the government)))))) , (NP-SBJ-1 (NP Mr. Gandhi 's) ability (S (NP-SBJ *) (VP to (VP push (PP-CLR through (NP major initiatives)))))) (VP might (VP be (VP hobbled (NP *-1) (PP by (NP-LGS a thinner majority))))) .)) (TOP (S (S (NP-SBJ Economic analysts) (VP call (S (NP-SBJ (NP his trail-blazing liberalization) (PP of (NP the Indian economy))) (ADJP-PRD incomplete)))) , and (S (NP-SBJ many) (VP are (VP hoping (PP-CLR for (NP major new liberalizations)) (SBAR-ADV if (S (NP-SBJ-1 he) (VP is (VP returned (NP *-1) (ADVP-MNR firmly) (PP-CLR to (NP power))))))))) .)) (TOP (S (NP-SBJ (NP The Lok Sabha) , or (NP (NP lower house) (PP of (NP Parliament))) ,) (VP has (NP (NP 542 elected (NX *RNR*-1)) and (NP two appointed (NX *RNR*-1)) (NX-1 seats))) .)) (TOP (S (PP-TMP In (NP 1984)) , (NP-SBJ (NP the Congress) (PRN -LRB- (NP I) -RRB-)) (VP (VP captured (NP 405 seats)) , (NP (NP the largest victory) (PP-LOC in (NP (NP the history) (PP of (NP Indian democracy)))))) .)) (TOP (S (NP-SBJ-1 The landslide) (VP was (VP fueled (NP *-1) (PP by (NP-LGS (NP panic) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP prevailed (PP-LOC-CLR in (NP India)) (PP-TMP at (NP the time))))))))) .)) (TOP (S (S (NP-SBJ-1 Mrs. Gandhi) (VP had (VP been (VP assassinated (NP *-1) (PP by (NP-LGS separatist Sikhs)))))) , and (S (NP-SBJ many Indians) (VP feared (SBAR 0 (S (NP-SBJ their country) (VP might (VP split (ADVP-CLR apart))))))) .)) (TOP (S (PP-LOC In (NP the previous three general elections)) , (NP-SBJ similar national issues) (VP clinched (NP the vote)) .)) (TOP (S (PP-TMP In (NP 1971)) , (NP-SBJ the Congress Party) (VP won (PP-TMP after (NP (NP (NP India 's) victory) (PP-LOC in (NP the Bangladesh war))))) .)) (TOP (S (S (PP-TMP In (NP 1977)) , (NP-SBJ-1 Mrs. Gandhi) (VP was (VP thrown (S (NP-SBJ *-1) (ADVP-PRD out (PP of (NP office)))) (PP-TMP after (NP her 19-month emergency rule))))) , and (S (PP-TMP in (NP 1980)) , (SBAR-TMP after (S (NP-SBJ her successors) (VP made (NP a mess) (PP-CLR of (NP (NP their three years) (PP in (NP power))))))) , (NP-SBJ-2 she) (VP was (VP restored (NP *-2) (PP-CLR to (NP office))))) .)) (TOP (S (NP-SBJ Most political analysts) (VP say (SBAR that (S (SBAR-ADV if (S (NP-SBJ-1 (NP Mr. Gandhi 's) opposition) (VP unites (S (NP-SBJ *-1) (VP to (VP field (NP single candidates) (PP-LOC in (NP most precincts)))))))) , (NP-SBJ (NP the Congress) (PRN -LRB- (NP I) -RRB-)) (VP will (VP lose (ADVP-MNR big)))))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ the opposition) (VP remains (ADJP-PRD fractured)))) , (NP-SBJ (NP the Congress) (PRN -LRB- (NP I) -RRB-)) (VP could (VP (VP win (NP a small majority)) , or (VP lead (NP a coalition government)))) .)) (TOP (S (NP-SBJ (NP Chimanbhai Mehta) , (NP a parliamentarian and former Gandhi ally) ,) (VP predicts (SBAR 0 (S (NP-SBJ (NP Congress) (PRN -LRB- (NP I) -RRB-)) (VP will (VP win (NP (NP only 150 seats) , (NP (NP a quarter) (PP of (NP the house))))) , (SBAR-ADV if (S (NP-SBJ the opposition) (VP fields (NP single candidates) (PP-LOC in (NP (NP 80 %) (PP of (NP the races))))))))))) .)) (TOP (S (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (NP-SBJ-1 the opposition) (VP will (VP struggle (NP-TMP this week) (S (NP-SBJ *-1) (VP to (VP unite))))))))) , and (S (NP-SBJ its success) (VP will (VP be (ADJP-PRD clear) (SBAR-TMP (WHADVP-2 (ADVP only) when) (S (NP-SBJ it) (VP announces (NP (NP its final list) (PP of (NP parliamentary candidates))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (S (NP-SBJ The arms-kickback scandal) (VP is (ADJP-PRD likely (S (NP-SBJ *) (VP to (VP be (NP-PRD (NP one) (PP of (NP (NP the big talking points) (PP in (NP the campaign))))))))))) , but (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD unclear) (SBAR-1 (WHADVP how) (S (NP-SBJ-2 it) (VP is (VP viewed (NP *-2) (PP by (NP-LGS average Indian voters)))))))) .)) (TOP (S (PP-TMP In (NP 1986)) , (NP-SBJ India) (VP signed (NP (NP a (ADJP (QP $ 1.4 billion) *U*) contract) (PP with (NP (NP AB Bofors) , (NP (NP a unit) (PP of (NP Nobel Industries Sweden AB)))))) , (S-ADV (NP-SBJ *) (VP to (VP purchase (NP 400 artillery pieces))))) .)) (TOP (S (NP-SBJ The contract) (VP (VP was (VP negotiated (PP by (NP-LGS (NP the countries ') two prime ministers)))) , and (VP was (VP supposed (S (NP-SBJ *) (VP to (VP be (ADJP-PRD free (PP of (NP (NP (NP commissions) or (NP (NP agents ') costs))))))))))) .)) (TOP (S (PP-TMP In (NP April 1987)) , (NP-SBJ evidence (SBAR *ICH*-2)) (VP surfaced (SBAR-2 that (S (NP-SBJ-3 commissions) (VP were (VP paid (NP *-3)))))) .)) (TOP (S (NP-SBJ The opposition) (VP (VP charged (SBAR that (S (NP-SBJ the money) (VP was (VP used (S-CLR (NP-SBJ *) (VP to (VP bribe (NP Indian government officials))))))))) , (NP (NP an allegation) (VP denied (NP *) (PP by (NP-LGS (NP Mr. Gandhi 's) administration))))) .)) (TOP (S But (NP-SBJ-1 (NP many) (PP of (NP (NP his statements) (PP-LOC on (NP the issue)) (PP-LOC in (NP Parliament))))) (ADVP-TMP subsequently) (VP were (VP proven (S (NP-SBJ *-1) (ADJP-PRD wrong)) (PP by (NP-LGS documentary evidence)))) .)) (TOP (S (S (NP-SBJ The scandal) (VP has (VP faded and flared))) , but (S (S (NP-SBJ recent disclosures) (VP propelled (NP it) (ADVP-DIR back (PP onto (NP the front pages))))) , and (S (NP-SBJ-2 that) (VP has (VP helped (S (NP-SBJ *-2) (VP galvanize (NP (NP the opposition) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (NP-TMP last week) (VP blocked (NP (NP passage) (PP of (NP two constitutional amendment bills))))))))))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP the first time) (PP-TMP in (NP 20 years)) (SBAR that (S (NP-SBJ-1 such government bills) (VP were (VP defeated (NP *-1))))))) .)) (TOP (S (PP-LOC In (NP (NP a country) (SBAR (WHADVP-1 where) (S (NP-SBJ a bribe) (VP is (VP needed (S (NP-SBJ *) (VP to (VP get (UCP (NP a phone) , (NP a job) , and (ADVP even) (PP into (NP a school)))))) (ADVP *T*-1))))))) , (NP-SBJ the name Bofors) (VP has (VP become (NP-PRD (NP a potent rallying cry) (PP against (NP the government))))) .)) (TOP (S (NP-SBJ That) (VP illustrates (NP (NP (NP the kind) (PP of (NP disappointment))) (SBAR (WHNP-1 0) (S (NP-SBJ many Indians) (VP feel (NP *T*-1) (PP toward (NP (NP Mr. Gandhi) , (SBAR (WHNP-2 whom) (S (NP-SBJ they) (VP (VP (ADVP-MNR zestfully) elected (NP *T*-2)) and (VP (ADVP-MNR enthusiastically) supported (NP *T*-2) (PP-TMP in (NP (NP his first two years) (PP in (NP power))))))))))))))) .)) (TOP (S (NP-SBJ His term) (VP (VP has (VP produced (NP (NP no spectacular failures) (PP-LOC (PP in (NP politics)) , (PP in (NP the economy)) or (PP on (NP the military front)))))) , and (VP has (VP chalked (PRT up) (NP some successes)))) .)) (TOP (S But (NP-SBJ the average Indian) (VP had (NP (NP tremendous hope) (PP in (NP (NP the youthful leader) and (NP his promise (S (NP-SBJ *) (VP to (VP make (S (NP-SBJ both (NP (NP government) and (NP the ruling party))) (ADJP-PRD (ADJP more effective) and (ADJP less corrupt))))))))))) .)) (TOP (S (NP-SBJ (NP His failures) (PP-LOC in (NP those two areas))) (VP (ADVP-MNR (ADVP deeply) , and (ADVP sometimes bitterly) ,) disappointed (NP many Indians)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP do n't (VP like (NP (NP the Congress) (PRN -LRB- (NP I) -RRB-))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Sooraji Jath) , (NP (NP a farmer) (PP-LOC in (NP (NP the western state) (PP of (NP Gujarat)))))) .)) (TOP (S `` (NP-SBJ The Congress government) (VP is (VP (VP taking (NP (NP the farmers ') bread)) and not (VP giving (NP us) (NP any support)))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ there) (VP are (NP-PRD (NP well problems) , (NP light problems) , (NP road problems) ,) (ADVP-TMP *T*-1)))) (NP-SBJ the government) (VP tells (NP-2 us) (S (NP-SBJ *-2) (VP to (VP forget (NP it))))) . '')) (TOP (S (NP-SBJ (NP The greatest thing) (VP going (PP-CLR for (NP (NP Mr. Gandhi) and (NP the Congress (PRN -LRB- (NP I) -RRB-) Party))))) (VP is (NP-PRD (NP the poor reputation) (PP of (NP the opposition)))) .)) (TOP (S (SBAR-ADV (ADVP Even) if (S (NP-SBJ it) (VP unites (PP-PRP for (NP the elections))))) , (NP-SBJ its coherence) (VP is (ADJP-PRD likely (S (NP-SBJ *) (VP to (VP be (ADJP-PRD temporary)))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ (NP the Congress) (PRN -LRB- (NP I) -RRB-)) (VP lost (NP the 1977 election) , (PP following (NP (NP Mrs. Gandhi 's) hated emergency rule)) (ADVP-TMP *T*-1)))) , (NP-SBJ a similar coalition) (VP (VP took (NP power)) and (ADVP then) (VP disintegrated)) .)) (TOP (S (NP-SBJ Many Indians) (VP fear (NP (NP a repeat) (PP of (NP that experience)))) .)) (TOP (NP-HLN March 24 , 1986 :)) (TOP (S (NP-SBJ (NP AB Bofors) , (NP (NP a unit) (PP of (NP Nobel Industries Sweden AB))) ,) (VP enters (PP-CLR into (NP (NP a (ADJP (QP $ 1.4 billion) *U*) contract (S *ICH*-1)) (PP with (NP (NP India 's) Defense Ministry)) (S-1 (NP-SBJ *) (VP to (VP supply (NP 400 Bofors FH-77B 155-mm field howitzer guns))))))) .)) (TOP (S (PP-TMP In (NP 1985)) , (NP-SBJ Prime Minister Rajiv Gandhi) , (PP-LOC in (NP (NP his talks) (PP with (NP then Swedish Prime Minister Olof Palme)))) , (VP imposed (NP the condition (SBAR that (S (NP-SBJ the contract) (VP have (NP no middlemen)))))) .)) (TOP (NP-TMP-HLN April 16 , 1987 :)) (TOP (S (NP-SBJ Swedish National Radio) (VP reports (SBAR that (S (NP-SBJ-1 (NP (QP about $ 40 million) *U*) (PRN -- (NP (NP (QP nearly 3) %) (PP of (NP the total contract))) --)) (VP was (VP paid (NP *-1) (PP-LGS by (NP Bofors)) (PP as (NP (NP commissions) (PP to (NP middlemen))))))))) .)) (TOP (NP-TMP-HLN June 1 , 1987 :)) (TOP (S (NP-SBJ (NP Sweden 's) National Audit Bureau) (VP releases (NP (NP its report) (VP confirming (NP (NP payment) (PP of (NP (QP about $ 40 million) *U*)) (PP to (NP unidentified Indians)))))) .)) (TOP (S (NP-SBJ The report) (VP says (SBAR that (S (NP-SBJ-1 investigations) (VP were (VP (ADVP severely) hampered (NP *-1) (PP by (NP-LGS (NP lack) (PP of (NP (NP cooperation) (PP from (NP Bofors))))))))))) .)) (TOP (S (NP-SBJ Bofors) (VP says (SBAR 0 (S (NP-SBJ it) (VP ca n't (VP disclose (NP (NP the names) (PP of (NP the middlemen))) (SBAR-PRP because (S (NP-SBJ it) (VP would (VP jeopardize (NP industrial confidentiality)))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP A portion) (PP of (NP the report))) (VP containing (NP (NP names) (PP of (NP the middlemen))))) (VP is (VP withheld (NP *-1) (PP by (NP-LGS (NP officials) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP citing (NP bank secrecy requirements)))))))) .)) (TOP (NP Aug. 6 , 1987 :)) (TOP (S (NP-SBJ Prime Minister Gandhi) (VP tells (NP the Indian Parliament) , `` ... (S (NP-SBJ neither (NP (NP I) nor (NP (NP any member) (PP of (NP my family))))) (VP has (VP received (NP any consideration) (PP-LOC in (NP these transactions)))))) .)) (TOP (S (NP-SBJ That) (VP is (NP-PRD the truth)) . '')) (TOP (NP Aug. 26 , 1987 :)) (TOP (S (NP-SBJ Bofors) (VP admits (NP (NP payments) (PP of (NP (QP $ 41 million) *U*)) (PP to (NP middlemen)))) .)) (TOP (NP-TMP-HLN April 22 , 1988 :)) (TOP (S (NP-SBJ The Hindu newspaper) (VP publishes (NP (NP (NP facsimiles) (PP of (NP (NP bank documents) (PP for (NP foreign-exchange remittances))))) and (NP (NP (NP letters) (PP between (NP (NP Bofors) and (NP certain private companies)))) (ADJP related (PP to (NP (NP the sale) (PP of (NP the guns)) (PP to (NP India)))))))) .)) (TOP (NP-TMP-HLN April 26 , 1988 :)) (TOP (S (NP-SBJ (NP A parliamentary investigative committee) (VP dominated (NP *) (PP by (NP-LGS the Congress (PRN -LRB- (NP I) -RRB-) Party)))) (VP concludes (SBAR that (S (NP-SBJ there) (VP were (NP-PRD (NP (NP no middlemen) (PP-LOC in (NP the deal))) and (NP (NP no payment) (PP to (NP any Indian individual or company)))))))) .)) (TOP (NP-TMP-HLN July 18 , 1989 :)) (TOP (S (NP-SBJ (NP The comptroller and auditor-general) (PP of (NP India))) (VP reports (NP (NP serious lapses) (PP-LOC in (NP (NP (NP the government 's) (ADJP technical and financial) evaluation) (PP of (NP the Bofors deal)))))) .)) (TOP (NP Sept. 15 , 1989 :)) (TOP (S (NP-SBJ (NAC Retired army Chief (PP of (NP Staff))) Krishnaswami Sundarji) (VP discloses (PP-LOC in (NP an interview)) (SBAR that (S (NP-SBJ he) (VP suggested (PP-TMP in (NP May 1987)) (SBAR that (S (NP-SBJ the government) (VP cancel (NP the Bofors contract)))))))) .)) (TOP (S (PP According (PP to (NP Gen. Sundarji))) , (NP-SBJ that) (VP would (VP have (VP forced (NP Bofors) (S (NP-SBJ *) (VP to (VP disclose (NP (NP the names) (PP of (NP (NP the middlemen) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP received (NP kickbacks) (PP from (NP the company)))))))))))))) .)) (TOP (S (NP-SBJ-1 His recommendation) (VP was (VP rejected (NP *-1) (PP by (NP-LGS the government)))) .)) (TOP (NP-TMP-HLN Oct. 9. 1989 :)) (TOP (S (NP-SBJ The Hindu newspaper) (VP publishes (NP (NP the withheld portion) (PP of (NP (NP the Swedish National Audit Bureau 's) report)))) .)) (TOP (S (NP-SBJ The disclosures) (VP state (SBAR that (S (NP-SBJ-1 commissions) (VP were (VP paid (NP *-1) (PP by (NP-LGS Bofors)) (PP-CLR to (NP (NP an Indian agent) (PP of (NP the arms company))))))))) .)) (TOP (S (NP-SBJ (NP Parsow Partnership Ltd.) and (NP Elkhorn Partners L.P.)) (VP said (SBAR 0 (S (NP-SBJ they) (VP may (VP seek (NP (NP (NP proposals) (PP from (NP third parties))) (VP relating (PP-CLR to (NP (NP a sale or restructuring) (PP of (NP CACI International Inc))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a filing) (PP with (NP the Securities and Exchange Commission)))) , (NP-SBJ (NP Parsow and Elkhorn) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (ADVP together) (VP hold (NP (NP 8.685 %) (PP of (NP (NP CACI 's) common shares)))))) ,) (VP said (SBAR 0 (S (NP-SBJ they) (VP think (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (PP-PRD in (NP (NP the best interest) (PP of (NP CACI stockholders)))) (SBAR-1 that (S (NP-SBJ-2 the company) (VP be (VP sold (NP *-2)))))))))))) .)) (TOP (S (NP-SBJ (NP CACI) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Arlington) , (NP Va.) ,)))) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP had n't (VP seen (NP (NP the filing) (PP by (NP Parsow and Elkhorn))))) and (ADVP therefore) (VP had (NP no comment)))))) .)) (TOP (S (NP-SBJ The partnerships) (VP said (SBAR 0 (S (S (NP-SBJ they) (VP may (VP seek (NP board representation)))) , and (S (NP-SBJ they) (VP may (VP seek (NP (NP the support) (PP of (NP (NP (NP CACI 's) board) and (NP other major shareholders)))) (PP in (NP (NP connection) (PP with (NP their plans)))))))))) .)) (TOP (S (PP According (PP to (NP the filing))) , (NP-SBJ Parsow and Elkhorn) (VP (VP are (VP based (PP-LOC-CLR in (NP (NP Elkhorn) , (NP Neb.) ,)))) and (VP are (VP controlled (PP by (NP-LGS (NP the same general partner) , (NP Alan S. Parsow)))))) .)) (TOP (S (NP-SBJ Their combined stake) (VP consists (PP-CLR of (NP (NP 880,500 CACI common shares) , (PP including (NP (NP 86,500 shares) (VP bought (NP *) (PP-TMP in (NP the past 60 days)) (PP-CLR at (NP (NP (QP $ 2.3125 to $ 2.4375) *U*) (NP-SBJ a share))))))))) .)) (TOP (S (NP-SBJ-1 Additional shares) (VP may (VP be (VP bought or sold (NP *-1) (UCP-CLR (PP in (NP the open market)) , (PP in (NP private transactions)) or (ADVP otherwise)) , (PP depending (PP on (NP (NP market conditions) and (NP other factors))))))) .)) (TOP (S (NP-SBJ-1 (NP The inverse trading relationship) (PP between (NP bonds and stocks))) (VP was (VP interrupted (NP *-1) (NP-TMP yesterday) (SBAR-TMP as (S (NP-SBJ bonds) (VP fell (PP despite (NP (NP a modest decline) (PP-LOC in (NP stock prices))))))))) .)) (TOP (S But (NP-SBJ-1 bond investors) (VP continue (S (NP-SBJ *-1) (VP to (VP keep (NP a close watch) (PP-CLR on (NP the jittery stock market)))))) .)) (TOP (S (PP-TMP In (NP early trading)) , (NP-SBJ investors) (VP were (VP bidding (S (NP-SBJ bond prices) (ADJP-PRD higher)) (SBAR-TMP as (S (S (NP-SBJ stocks) (VP tumbled)) and (S (NP-SBJ fears (SBAR *ICH*-1)) (VP mounted (SBAR-1 that (S (NP-SBJ-2 (NP Friday 's) stock market debacle) (VP would (VP be (VP repeated (NP *-2)))))))))))) .)) (TOP (S But (NP-SBJ (NP a partial recovery) (PP-LOC in (NP (NP the Dow Jones Industrial Average) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP been (ADVP-PRD down (NP (QP more than 60) points)) (PP-TMP in (NP midmorning))))))))) , (VP dashed (NP those expectations)) .)) (TOP (S (NP-SBJ-1 Treasury bonds) (ADVP also) (VP were (VP hurt (NP *-1) (PP-TMP (ADVP late) in (NP the day)) (PP by (NP-LGS (NP (NP a (ADJP (QP $ 4 billion) *U*) offering) (PP by (NP the Tennessee Valley Authority))) and (NP (NP the prospect) (PP of (NP (NP a huge amount) (PP of (NP new agency debt))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Bond investors) (VP were (VP hoping (SBAR that (S (NP-SBJ-1 stock prices) (VP would (VP continue (S (NP-SBJ *-1) (VP to (VP fall)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Roger Early) , (NP (NP a vice president) (PP-LOC at (NP (NP Federated Investors Inc.) , (NP Pittsburgh))))) .)) (TOP (S `` (SBAR-ADV (WHADVP-1 When) (S (NP-SBJ stocks) (VP stabilized (ADVP-TMP *T*-1)))) , (NP-SBJ that) (VP was (NP-PRD a disappointment)) . '')) (TOP (S (ADVP-TMP Meanwhile) , (PP-TMP for (NP the second straight day)) , (NP-SBJ the bond market) (VP paid (NP little attention) (PP-CLR to (NP (NP the Federal Reserve 's) open market operations))) .)) (TOP (S (NP-SBJ Fed officials) (VP injected (NP more cash) (PP-CLR into (NP the banking system)) (PP-MNR by (S-NOM (NP-SBJ *) (VP arranging (NP (NP (QP $ 1.5 billion) *U*) (PP of (NP repurchase agreements))) (PP-TMP during (NP the usual pre-noon intervention period)))))) .)) (TOP (S (NP-SBJ-1 The move) (VP was (VP meant (S (NP-SBJ *-1) (VP (VP to (VP keep (NP a lid) (PP-CLR on (NP interest rates)))) and (VP to (VP boost (NP investor confidence))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The intervention) (VP has (VP been (ADJP-PRD friendly) , (S-ADV (NP-SBJ *) (VP meaning (SBAR that (S (NP-SBJ-2 they) (ADVP really) (VP did n't (VP have (S (NP-SBJ *-2) (VP to (VP do (NP it))))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Maria Fiorini Ramirez) , (NP (NP money-market economist) (PP-LOC at (NP Drexel Burnham Lambert Inc)))) .)) (TOP (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ-1 a (ADJP more aggressive) move) (VP was n't (VP needed (NP *-1)))))) .)) (TOP (S (NP-SBJ The Fed) (ADVP also) (VP appears (ADJP-PRD reluctant (S (NP-SBJ *) (VP to (VP ease (NP credit conditions) (ADVP further)))))) .)) (TOP (S (NP-SBJ It) (ADVP-TMP already) (VP has (VP allowed (S (NP-SBJ the (ADJP closely watched) federal funds rate) (VP to (VP decline (NP-EXT 1 percentage point) (PP-DIR to (NP (QP about 8 3) %)) (PP-DIR from (NP (NP its previous target level) (PP of (NP (QP about 9) %))))))))) .)) (TOP (S (NP-SBJ-1 (NP The rate) , (SBAR (WHNP-2 which) (S (NP-SBJ banks) (VP charge (NP *T*-2) (NP each other) (PP on (NP overnight loans))))) ,) (VP is (VP considered (NP *-1) (NP (NP an early signal) (PP of (NP (NP changes) (PP-LOC in (NP Fed policy))))))) .)) (TOP (S (NP-SBJ It) (VP (VP ended (PP-CLR at (NP about 8 11 %)) (NP-TMP yesterday)) , but (VP (VP was (ADJP-PRD as low (PP as (NP (QP 8 1) %))) (NP-TMP Monday)))) .)) (TOP (S (NP-SBJ (NP The Treasury 's) benchmark 30-year bond) (VP fell (NP-EXT (NP (QP more than 1) point) , or (NP (NP (QP over $ 5) *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount)))) , (SBAR-TMP while (S (NP-SBJ the yield) (VP moved (PP-DIR above (NP 8 %)) (PP-TMP for (NP (NP the first time) (PP-TMP since (NP Thursday)))))))) .)) (TOP (S (NP-SBJ Investment-grade (ADJP corporate , municipal and mortgage-backed) securities) (ADVP also) (VP fell) .)) (TOP (S But (NP-SBJ most junk bonds) (VP closed (ADJP-CLR unchanged) (PP-TMP after (S-NOM (NP-SBJ *) (VP opening (ADJP-CLR slightly higher) (PP on (NP (NP bargain-hunting) (PP by (NP institutional investors)))))))) .)) (TOP (S (NP-SBJ (NP Some so-called high-quality junk issues) , (PP such as (NP (NP R.H. Macy & Co. 's) (ADJP 14 1 %) subordinated debentures)) ,) (VP rose) .)) (TOP (S (NP-SBJ (NP The Macy 's) issue) (VP closed (ADVP-CLR up (NP (QP about one) point)) (PP-CLR at (NP (NP a bid price) (PP of (NP 97))))) .)) (TOP (S (NP-SBJ (NP The TVA 's) public debt offering) (VP was (NP-PRD (NP its first) (PP-TMP in (NP 15 years)))) .)) (TOP (S (NP-SBJ Strong investor demand) (VP prompted (NP-1 it) (S (NP-SBJ *-1) (VP to (VP boost (NP (NP the size) (PP of (NP the issue))) (PP-DIR from (NP (QP $ 3 billion) *U*)))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ (NP hedging) (VP related (NP *) (PP to (NP the TVA pricing)))) (ADVP also) (VP pressured (NP Treasury bonds))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Underwriters) (PP of (NP the TVA bonds))) (VP reduced (NP their market risk) (PP-MNR by (S-NOM (NP-SBJ *) (VP selling (NP Treasurys) (S-PRP (NP-SBJ *) (VP to (VP cover (NP (NP (ADVP at least) part) (PP of (NP their -LCB- TVA -RCB- holdings))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP James R. Capra) , (NP (NP a senior vice president) (PP-LOC at (NP Shearson Lehman Government Securities Inc)))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 The TVA bonds) (ADVP also) `` (VP served (S (NP-SBJ *-1) (VP to (VP remind (NP the market) (SBAR that (S (NP-SBJ there) (VP will (VP be (NP-PRD (ADJP even more) new supply)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Lawrence N. Leuzzi) , (NP (NP a managing director) (PP-LOC at (NP S.G. Warburg Securities & Co)))) .)) (TOP (S (NP-TMP Today) (S (NP-SBJ the Treasury) (VP will (VP announce (NP (NP the size) (PP of (NP its next two-year note sale)))))) and (S (NP-SBJ Resolution Funding Corp.) (VP will (VP announce (NP (NP details) (PP of (NP its first bond offering)))))) .)) (TOP (S (S (NP-SBJ Some traders) (VP estimate (SBAR 0 (S (NP-SBJ-1 (NP $ 9.75 billion *U*) (PP of (NP new two-year Treasurys))) (VP will (VP be (VP sold (NP *-1) (NP-TMP-CLR next week)))))))) , and (S (NP-SBJ they) (VP expect (S (NP-SBJ Refcorp) (VP to (VP offer (NP (NP (QP $ 4 billion to $ 6 billion) *U*) (PP of (NP long-term `` bailout '' bonds)))))))) .)) (TOP (S (NP-SBJ-1 Refcorp) (VP was (VP created (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP help (VP fund (NP the thrift bailout))))))) .)) (TOP (S (NP-SBJ Another agency issue) (VP came (PP-DIR to (NP market)) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ (NP The Office) (PP of (NP Finance)) (PP of (NP the Federal Home Loan Banks))) (VP said (SBAR 0 (S (NP-SBJ it) (VP priced (NP (NP a four-part (ADJP (QP $ 2.27 billion) *U*) bond offering) (SBAR (WHADVP-1 0) for (S (NP-SBJ the banks) (VP to (VP yield (NP (QP from 8.125 % to 8.375 %) *U*)))))))))) .)) (TOP (S (NP-SBJ (NP The release) (PP of (NP (NP several economic reports) (PP *ICH*-1)))) (VP had (NP little impact) (PP-LOC-CLR on (NP the market)) , (PP-1 including (NP (NP a report) (SBAR that (S (NP-SBJ the U.S. trade deficit) (VP expanded (PP-CLR to (NP a (ADJP surprisingly wide) (QP $ 10.77 billion) *U*) (PP-TMP in (NP August))) , (ADVP up (PP from (NP (NP a revised (QP $ 8.24 billion) *U*)) (PP-TMP in (NP July)))))))))) .)) (TOP (S (NP-SBJ-1 The August gap) (VP was (VP expected (S (NP-SBJ *-1) (VP to (VP have (VP expanded (PP-CLR to (NP (QP $ 9.1 billion) *U*)))))))) .)) (TOP (NP-HLN Treasury Securities)) (TOP (S (NP-SBJ Treasury securities) (VP were (ADJP-PRD (ADJP essentially flat) (PP to (ADJP (NP (QP about 1) point) lower)))) .)) (TOP (S (NP-SBJ-1 The benchmark 30-year bond) (VP was (VP quoted (NP *-1) (ADVP-TMP late) (PP-CLR at (NP-2 100 28)) (S-ADV-3 (NP-SBJ *) (VP to (VP yield (NP-EXT 8.04 %)))) , (PP compared (PP with (VP (NP=2 (QP 101 19)) (S-ADV=3 (NP-SBJ *) (VP to (VP yield (NP-EXT 7.97 %) (NP-TMP Monday))))))))) .)) (TOP (S (NP-SBJ-1 The latest 10-year notes) (VP were (VP quoted (NP *-1) (ADVP-TMP late) (PP-CLR at (NP-2 99 25)) (S-ADV-3 (NP-SBJ *) (VP to (VP yield (NP-EXT 8.01 %)))) ,)) (PP compared (PP with (VP (NP=2 100 1) (S-ADV=3 (NP-SBJ *) (VP to (VP yield (NP-EXT 7.97 %))))))) .)) (TOP (S (NP-SBJ Short-term rates) (VP increased) .)) (TOP (S (NP-SBJ (NP The discount rate) (PP-LOC on (NP three-month bills))) (VP rose (PP-DIR to (NP 7.52 %)) (PP for (NP (NP a bond-equivalent yield) (PP of (NP 7.75 %))))) .)) (TOP (S (NP-SBJ (NP The rate) (PP on (NP six-month bills))) (VP rose (PP-DIR to (NP 7.53 %)) (PP for (NP (NP a bond-equivalent yield) (PP of (NP 7.92 %))))) .)) (TOP (NP-HLN Corporate , Other Issues)) (TOP (S (NP-SBJ Investment-grade corporate bonds) (VP ended (ADJP-CLR (NP (QP 1 to 1) point) lower) , (SBAR-ADV while (S (NP-SBJ most junk bonds) (VP ended (ADJP-CLR unchanged))))) .)) (TOP (S (NP-SBJ (NP The TVA 's) huge (ADJP (QP $ 4 billion) *U*) offering) (VP dominated (NP attention) (PP-LOC in (NP the new-issue market))) .)) (TOP (S (NP-SBJ TVA) (VP offered (NP (NP (NP (QP $ 2 billion) *U*) (PP of (NP (NP 30-year bonds) (VP priced (S (NP-SBJ *) (VP to (VP yield (NP-EXT 9.06 %)))))))) ; (NP (NP (QP $ 1 billion) *U*) (PP in (NP (NP 10-year notes) (VP priced (S (NP-SBJ *) (VP to (VP yield (NP-EXT 8.42 %)))))))) ; and (NP (NP (QP $ 1 billion) *U*) (PP in (NP (NP five-year notes) (VP priced (S (NP-SBJ *) (VP to (VP yield (NP-EXT 8.33 %)))))))))) .)) (TOP (S (NP-SBJ (NP The TVA) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP operates (NP (NP one) (PP of (NP (NP the nation 's) largest electric power systems)))))) ,) (VP is (NP-PRD (NP a corporation) (VP (ADVP wholly) owned (PP by (NP the U.S. government))))) .)) (TOP (S (NP-SBJ (NP Yesterday 's) bond sale) (VP was (NP-PRD (NP part) (PP of (NP a (ADJP (QP $ 6.7 billion) *U*) refinancing plan (S (NP-SBJ *) (VP to (VP pay (PRT off) (NP (NP high-interest debt) (SBAR (WHNP-1 0) (S (NP-SBJ the TVA) (VP owes (NP (NP the Federal Financing Bank) , (NP (NP an arm) (PP of (NP the Treasury)))) (NP *T*-1)))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ Lockheed Corp.) (VP priced (NP a (ADJP (QP $ 300 million) *U*) note offering) (S-ADV (NP-SBJ *) (VP to (VP yield (NP-EXT 9.39 %))))) .)) (TOP (NP-HLN Mortgage-Backed Securities)) (TOP (S (NP-SBJ The derivative mortgage-backed market) (VP revived (PP-TMP after (NP a brief hiatus)) (SBAR-TMP as (S (S (NP-SBJ-4 (NP two new Remics) (VP totaling (NP (QP $ 850 million) *U*))) (VP were (VP offered (NP *-4)))) and (S (NP-SBJ (NP talk) (PP *ICH*-3)) (VP circulated) (PP-3 about (NP (NP two more issues) (SBAR (WHNP-6 that) (S (NP-SBJ-5 *T*-6) (VP could (VP be (VP priced (NP *-5) (NP-TMP today)))))))))))) .)) (TOP (S (NP-SBJ (NP The revival) (PP of (NP the real estate mortgage investment conduit market))) (VP reflected (NP (NP the relative calm) (PP-LOC in (NP the mortgage market)) (PP-TMP after (NP (NP two days) (PP of (NP volatile trading)))))) .)) (TOP (S (NP-SBJ Dealers) (VP noted (SBAR that (S (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD difficult) (S-1 (NP-SBJ *) (VP to (VP structure (NP new Remics)))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ prices) (VP are (VP moving (ADVP-MNR widely) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ (NP The two Remics) (VP priced (NP *))) (VP were (NP-PRD (NP (NP a (ADJP (QP $ 500 million) *U*) Federal Home Loan Mortgage Corp. issue) (VP underwritten (NP *) (PP by (NP-LGS Salomon Brothers Inc.)))) and (NP (NP a (ADJP (QP $ 350 million) *U*) Federal National Mortgage Association deal) (VP underwritten (NP *) (PP by (NP-LGS Greenwich Capital Markets)))))) .)) (TOP (S (NP-SBJ The Remic issuance) (VP supported (NP (NP prices) (PP of (NP (NP (NP Freddie Mac) and (NP Fannie Mae securities)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP held (PRT up) (ADVP (ADVP better) (PP than (NP Government National Mortgage Association securities))) (PP-TMP during (NP an afternoon sell-off))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Ginnie Mae (ADJP 9 %) securities) (PP for (NP November delivery))) (VP ended (PP-CLR-2 at (NP 97 29)) , (ADVP-3 down (NP 7)))) ; (S (NP-SBJ=1 (ADJP (QP 9 1) %) securities) (PP-CLR=2 at (NP 99 31)) , (ADVP=3 down (NP 6))) ; and (S (NP-SBJ=1 (ADJP 10 %) securities) (PP-CLR=2 at (NP 101 29)) , (ADVP=3 down (NP 5))) .)) (TOP (S (NP-SBJ Freddie Mac 9 % securities) (VP were (PP-PRD at (NP 97 5)) , (ADVP down (NP 3))) .)) (TOP (S (NP-SBJ The Ginnie Mae 9 % issue) (VP was (VP yielding (NP-EXT 9.43 %) (PP-DIR to (NP a 12-year average life assumption)) , (SBAR-TMP as (S (NP-SBJ (NP the spread) (PP-LOC above (NP the Treasury 10-year note))) (VP held (PP-CLR at (NP 1.42 percentage points))))))) .)) (TOP (NP-HLN Municipals)) (TOP (S (NP-SBJ (NP Confusion) (PP over (NP (NP the near-term trend) (PP for (NP rates))))) (VP dominated (NP the municipal arena) , (SBAR-TMP as (S (NP-SBJ-1 (NP gyrations) (PP-LOC in (NP the stock market))) (VP continued (S (NP-SBJ *-1) (VP to (VP buffet (NP bonds)))))))) .)) (TOP (S (NP-SBJ Long tax-exempt dollar bonds) (VP were (ADJP-PRD mostly flat (PP to (ADJP (NP 3 point) lower))) (PP-TMP after (NP (NP a whipsaw session) (PP of (S-NOM (NP-SBJ *) (VP moving (ADVP-MNR inversely) (PP-DIR to (NP stocks)) (PP-LOC in (NP modest dealer-led trading)))))))) .)) (TOP (S (NP-SBJ-1 (NP Prices) (PP of (NP pre-refunded municipal bonds))) (VP were (VP capped (NP *-1) (PP by (NP-LGS news (SBAR that (S (NP-SBJ Chemical Securities Inc.) , (PP as (NP (NP agent) (PP for (NP a customer)))) , (VP will (VP accept (NP bids) (NP-TMP today) (PP for (NP (NP (NP two large lists) (PP of (NP bonds))) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP include (NP many such issues)))))))))))))) .)) (TOP (S (NP-SBJ The lists) (VP total (NP (QP $ 654.5 million) *U*)) .)) (TOP (S (NP-SBJ-1 Pre-refunded bonds) (VP are (VP called (NP *-1) (PP-TMP-CLR at (NP their earliest call date)) (PP with (NP (NP the escrowed proceeds) (PP of (NP another bond issue)))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 several new issues) (VP were (VP priced (NP *-1))) .)) (TOP (S (NP-SBJ (NP Underwriters) (VP led (NP *) (PP by (NP-LGS PaineWebber Inc.)))) (VP set (NP preliminary pricing) (PP for (NP (NP (QP $ 144.4 million) *U*) (PP of (NP California Health Facilities Financing Authority revenue bonds)))) (PP for (NP Kaiser Permanente))) .)) (TOP (S (NP-SBJ-1 Tentative reoffering yields) (VP were (VP set (NP *-1) (PP-CLR (PP from (NP 6.25 %) (PP-TMP in (NP 1993))) (PP to (NP 7.227 %) (PP-TMP in (NP 2018)))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP its College Savings Plan)))) , (NP-SBJ Connecticut) (VP offered (NP (NP (QP $ 100.4 million) *U*) (PP of (NP (NP general obligation capital appreciation bonds) (VP priced (S (NP-SBJ *) (VP to (VP yield (PP to (NP maturity)) (PP-EXT (PP from (NP 6.25 %) (PP-TMP in (NP 1994))) (PP to (NP 6.90 %) (PP-TMP in (NP 2006 , 2007 and 2009)))))))))))) .)) (TOP (S (NP-SBJ A Chemical Securities group) (VP won (NP (NP a (ADJP (QP $ 100 million) *U*) Oregon general obligation (NP veterans ') tax note issue) (ADJP due (NP-TMP Nov. 1 , 1990)))) .)) (TOP (S (NP-SBJ The (ADJP (QP 6 3) %) notes) (VP yield (NP-EXT 6.25 %)) .)) (TOP (NP-HLN Foreign Bonds)) (TOP (S (NP-SBJ West German government bond prices) (VP took (NP a wild roller-coaster ride) , (S-ADV (NP-SBJ *) (VP (VP pulled (ADVP-CLR-1 down) (PP-2 by (NP-LGS (NP Monday 's) U.S. stock market gains))) (VP (ADVP then) (ADVP-CLR=1 up) (PP=2 by (NP-LGS (NP a wider-than-expected U.S. trade deficit) and (NP falling U.S. stock prices))))))) .)) (TOP (S (NP-SBJ (NP (NP West Germany 's) (ADJP 7 %) bond) (ADJP due (NP-TMP October 1999))) (VP was (PP-PRD at (NP 99.95)) (NP-TMP late yesterday) , (PP off (NP 0.10 point) (PP-TMP from (NP Monday))) , (S-ADV (NP-SBJ *) (VP to (VP yield (NP-EXT 7.01 %))))) .)) (TOP (S (NP-SBJ (NP The (ADJP (QP 6 3) %) notes) (ADJP due (NP-TMP April 1994))) (VP were (ADVP-PRD up (NP 0.10 point)) (PP to (NP 97.85)) (S-ADV (NP-SBJ *) (VP to (VP yield (NP-EXT 7.31 %))))) .)) (TOP (S (NP-SBJ British government bonds) (VP surged (PRT on) (NP (NP renewed volatility) (PP-LOC in (NP the stock market)))) .)) (TOP (S (NP-SBJ (NP The Treasury (ADJP (QP 11 3) %) bond) (ADJP due (NP-TMP 2003/2007))) (VP rose (NP-EXT 23/32) (PP-DIR to (NP 112 10/32)) (S-ADV (NP-SBJ *) (VP to (VP yield (NP-EXT 10.03 %))))) .)) (TOP (S But (NP-SBJ Japanese bonds) (VP ended (ADJP-CLR weaker)) .)) (TOP (S (NP-SBJ (NP The benchmark No. 111 4.6 % bond) (ADJP due (NP-TMP 1998))) (VP ended (PP-LOC-CLR on (NP (NP brokers ') screens)) (PP at (NP (NP a price) (PP of (NP 96))) , (ADVP off (NP 0.15 point))) (S-ADV (NP-SBJ *) (VP to (VP yield (NP 5.27 %))))) .)) (TOP (S (NP-SBJ A House-Senate conference) (VP approved (NP (NP an estimated (ADJP (QP $ 67 billion) *U*) fiscal 1990 spending bill) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP provides (NP a (ADJP 28 %) increase) (PP for (NP space research and development))) and (VP incorporates (NP (NP far-reaching provisions) (VP affecting (NP the federal mortgage market))))))))) .)) (TOP (S (NP-SBJ-1 (NP The current ceiling) (PP-LOC on (NP (NP home loans) (VP insured (NP *) (PP by (NP-LGS the Federal Housing Administration)))))) (VP would (VP be (VP increased (NP *-1) (PP-CLR to (NP $ 124,875 *U*))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ the bill) (VP gives (NP authority (S *ICH*-1)) (PP-DTV to (NP the Bush administration)) (S-1 (NP-SBJ *) (VP to) (VP facilitate (NP (NP the refinancing) (PP of (NP (NP (ADJP federally subsidized) loans) (PP for (NP low-income and moderate-income homeowners)))))))) .)) (TOP (S (NP-SBJ (NP The second provision) , (VP affecting (NP so-called 235 mortgages)) ,) (VP has (VP met (NP (NP strong opposition) (PP from (NP (NP investment bankers) (VP represented (NP *) (PP by (NP-LGS the Public Securities Association)))))))) .)) (TOP (S And (NP-SBJ (NP a squad) (PP of (NP (NP influential former Senate aides) (VP employed (NP *) (PP by (NP-LGS the Wall Street firm Salomon Brothers)))))) (VP came (PP-DIR to (NP the Capitol)) (PP in (NP a vain attempt (S (NP-SBJ *) (VP to (VP strip (NP the provision))))))) .)) (TOP (S (S (PP By (NP an 11-2 margin)) , (NP-SBJ-1 Senate negotiators) (VP voted (S (NP-SBJ *-1) (VP to (VP preserve (NP the 235 mortgage refinancing plan)))))) , and (S (PP despite (NP powerful allies)) , (NP-SBJ the opposition) (VP found (S (NP-SBJ itself) (ADJP-PRD undercut (PP by (NP (NP an unusual alliance) (PP of (NP liberals and conservatives)))))))) .)) (TOP (S (S (NP-SBJ The government) (ADVP-TMP currently) (VP is (VP subsidizing (NP (NP an estimated 23,000 loans) (PP above (NP 11 %))) (PP-LOC under (NP the 235 program))))) , and (S (ADJP however disruptive (PP to (NP private investors))) , (NP-SBJ-1 the refinancing) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP yield (NP (NP (QP at least $ 15 million) *U*) (PP in (NP savings))) (PP-TMP in (NP fiscal 1990)))))))) .)) (TOP (S (S (NP-SBJ-1 This sum) (VP has (VP been (VP guarded (NP *-1) (ADVP-MNR jealously) (PP by (NP (NP appropriators) (ADJP anxious (S (NP-SBJ *) (VP to (VP offset (NP (NP spending) (ADVP-LOC elsewhere)))))))))))) , and (S (NP-SBJ conservative Sen. Phil Gramm) (VP cast (NP the fight) (PP-CLR as (NP (NP a populist stand) (PP against (NP monied interests)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP are (NP-PRD (NP stewards)) (ADVP-LOC here) , (PP not (PP of (NP-2 the mortgage companies)) , but (PP (NP=2 the taxpayers))))) , '' (VP said (S *T*-1)) (NP-SBJ the Texas Republican) .)) (TOP (S (NP-SBJ The action) (VP came (SBAR-TMP-CLR as (S (NP-SBJ the administration) (VP won (NP (NP final congressional approval) (PP of (NP (NP (QP $ 9 million) *U*) (PP in (NP (NP assistance) (PP for (NP (NP elections) (VP scheduled (NP *) (PP-LOC-CLR in (NP Nicaragua)) (PP-TMP-CLR in (NP February)))))))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP The bulk) (PP of (NP the money))) (VP would (VP be (VP funneled (NP *-1) (PP-CLR through (NP (NP the National Endowment) (PP for (NP Democracy)))))))) , but (S (NP-SBJ the legislation) (VP is (ADJP-PRD (ADJP (ADVP so vaguely) written) (SBAR that (S (NP-SBJ-2 it) (VP has (VP been (VP dogged (NP *-2) (PP by (NP-LGS (NP questions) (VP regarding (NP (NP (NP the money 's) true purpose) and (NP its ultimate destination))))))))))))) .)) (TOP (S (S (NP-SBJ-1 The Senate) (VP had (VP refused (NP-TMP late Friday) (S (NP-SBJ *-1) (VP to (VP (VP invoke (NP cloture)) and (VP limit (NP debate)))))))) , but (S (PP-LOC behind (NP the bipartisan leadership)) , (NP-SBJ a solid majority) (VP (VP took (NP shape) (NP-TMP yesterday)) and (VP brushed (ADVP-CLR aside) (NP (NP amendments) (VP seeking (S (NP-SBJ *) (VP to (VP (VP cut (NP the total package)) or (VP steer (NP it) (ADVP-CLR away (PP from (NP (NP direct aid) (PP to (NP political parties)))))))))))))) .)) (TOP (S (S (NP-SBJ Final approval) (PRN -- (PP on (NP a 64-35 roll call)) --) (VP was (ADVP-TMP never) (PP-PRD in (NP doubt)))) , but (S (NP-SBJ the opposition) (VP drew (NP (NP an unusual mix) (PP of (NP senators)) , (PP including (NP (NP Republicans Jesse Helms and Warren Rudman) and (NP Democrats Bill Bradley and John Glenn)))))) .)) (TOP (S (S (NP-SBJ-1 The money) (VP will (VP be (VP applied (NP *-1) (PP-CLR for (NP (NP voter registration) and (NP election monitoring))))))) , but (S (NP-SBJ (QP more than half)) (VP is (ADJP-PRD likely (S (NP-SBJ *) (VP to (VP go (PP-DIR to (NP the Union Nacional Opositora party)))))))) .)) (TOP (S (S (NP-SBJ Critics) (VP warned (SBAR 0 (S (NP-SBJ such cash contributions) (VP may (VP (ADVP only) undercut (NP (NP the opposition party 's) standing))))))) , and (S (NP-SBJ one irony) (VP is (SBAR-PRD that (S (PP-LOC under (NP Nicaraguan law)) (NP-SBJ-1 (NP a major portion) (PP of (NP (NP the opposition party 's) funds))) (VP must (VP be (VP shared (NP *-1) (PP-CLR with (NP (NP the government 's) Supreme Electoral Council))))))))) .)) (TOP (S (PP-LOC Within (NP the appropriations conference)) (NP-TMP yesterday) , (NP-SBJ the (ADJP (QP $ 67 billion) *U*) measure) (VP (VP is (NP-PRD (NP the second largest) (PP of (NP the annual domestic spending bills)))) and (VP covers (NP (NP a disparate collection) (PP of (NP (NP accounts) (PP for (NP (NP science) , (NP housing) , (NP veterans) and (NP the environment)))))))) .)) (TOP (S (NP-SBJ The decision (S (NP-SBJ *) (VP to (VP raise (NP (NP the ceiling) (PP on (NP FHA home loans))))))) (ADVP-TMP still) (VP faces (NP (NP strong opposition) (PP-LOC in (NP the House)))) .)) (TOP (S But (NP-SBJ-1 it) (VP is (VP driven (NP *-1) (PP-LGS by (NP (NP the same fiscal pressures) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP have (VP forced (S (NP-SBJ lawmakers) (VP to (VP resort (PP-CLR to (NP various bookkeeping devices)) (S-PRP (NP-SBJ *) (VP to (VP juggle (NP (NP (QP as much as $ 1 billion) *U*) (PP in (NP spending)) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP would (ADVP otherwise) (VP put (NP the bill) (PP-PUT over (NP budget))))))))))))))))))))) .)) (TOP (S (S (NP-SBJ These costs) (VP will (VP complicate (NP the budget picture) (PP-TMP in (NP fiscal 1991))))) , and (S (NP-SBJ the measure) (VP (ADVP further) commits (NP Congress) (PP-CLR to (NP (NP a set) (PP of (NP costly projects)) , (PP including (NP (NP the first construction funds) (PP for (NP the space station)))))))) .)) (TOP (S (S (NP-SBJ-1 The station) (VP is (VP promised (NP *-1) (NP (NP (QP $ 1.8 billion) *U*) (PP within (NP (NP the (QP $ 5.36 billion) *U*) (VP provided (NP *) (PP-CLR for (NP research and development)) (PP-LOC in (NP the National Aeronautics and Space Administration))))))))) , and (S (NP-SBJ (NP (NP the nation 's) high-speed aerospace plane) (PRN -- (VP cut (NP *) (PP by (NP-LGS the Senate))) --)) (VP could (VP receive (NP (NP (QP as much as $ 60 million) *U*) (PP in (NP (NP new funds) or (NP transfers))))))) .)) (TOP (S (ADVP Similarly) , (NP-SBJ-1 the House) (VP agreed (S (NP-SBJ *-1) (VP to (VP add (ADVP-CLR back) (NP (QP $ 62 million) *U*) (S-PRP (NP-SBJ *) (VP to (VP continue (NP (NP work) (PP-LOC on (NP (NP the advanced communications technology satellite) , (VP being (VP developed (PP by (NP-LGS General Electric Co)))))))))))))) .)) (TOP (S And (SBAR-TMP while (S (NP-SBJ *) (VP setting (NP (NP a statutory limit) (PP of (NP (QP $ 1.6 billion) *U*)) (PP-LOC on (NP the automated space probe)))))) , (NP-SBJ the conference) (VP appropriated (NP (QP $ 30 million) *U*) (PP for (NP (NP the start-up) (PP of (NP (NP the CRAF-Cassini mission) , (NP (NP a successor) (PP to (NP the Voyager space probe)))))))) .)) (TOP (S (PP-LOC Among (NP major domestic agencies)) , (NP-SBJ-1 the Environmental Protection Agency) (VP stands (S (NP-SBJ *-1) (VP to (VP receive (NP (NP increases) (PP (ADVP significantly) beyond (NP (NP those) (VP sought (NP *) (PP by (NP-LGS the administration)))))) , (PP with (S-NOM (NP-SBJ pollution abatement and control accounts) (VP growing (PP-EXT by (NP 14 %)) (PP-DIR to (NP (QP about $ 829.9 million) *U*))))))))) .)) (TOP (S (S (NP-SBJ An estimated $ 1.57 billion *U*) (VP is (ADVP separately) (VP allocated (PP-CLR for (NP the National Science Foundation))))) , and (S (PP-LOC within (NP the Housing and Urban Development Department)) , (NP-SBJ-1 (QP more than $ 9.2 billion) *U*) (VP is (VP provided (NP *-1) (PP-CLR for (NP (NP (ADJP federally assisted) housing) , (PP including (NP an expanded effort (S (NP-SBJ *) (VP to (VP modernize (NP (NP public housing units) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP serve (NP the poorest families))))))))))))))) .)) (TOP (S (PP To (NP an unusual degree)) , (NP-SBJ the massive bill) (VP has (VP become (NP-PRD (NP a vehicle) (SBAR (WHADVP-1 0) for (S (NP-SBJ lawmakers) (VP to (VP earmark (NP funds) (PP-CLR for (NP (NP projects) (PP-LOC in (NP home states)))) (ADVP *T*-1)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 the practice) (VP was (VP discouraged (NP *-1) (PP-TMP in (NP the past)))))) , (NP-SBJ-2 the conference agreement) (VP is (VP laced (NP *-2) (PP-CLR with (NP (NP (NP veterans ') hospitals) , (NP environmental projects) and (NP (NP urban grants) (VP designated (NP *) (PP-CLR for (NP specific communities)))))))) .)) (TOP (S (NP-SBJ The (ADJP most striking) example) (NP-TMP yesterday) (VP may (VP have (VP been (PP-LOC-PRD in (NP (NP community development funds) , (SBAR (WHADVP-1 where) (S (S (NP-SBJ the two houses) (VP had (ADVP separately) (VP approved (NP (NP (NP a total) (PP of (NP 27 projects))) (VP valued (NP *) (PP-CLR at (NP (QP $ 20 million) *U*))))))) , and (S (NP-SBJ the conference) (VP added (NP (NP 15 more) (VP valued (NP *) (PP-CLR at (NP (QP $ 8 million) *U*)))) (S-PRP (NP-SBJ *) (VP to (VP (ADVP ostensibly) preserve (NP `` (NP balance) '' (PP between (NP the House and Senate)))))))) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Yesterday 's) conference agreement) (VP is (NP-PRD (NP the second major bill) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP emerge (PP-CLR from (NP negotiations)) (NP-TMP this week)))))) , (SBAR-TMP as (S (NP-SBJ appropriators) (VP approved (NP a fiscal 1990 transportation bill) (NP-TMP late Monday) (SBAR-3 (WHNP-2 that) (S (NP-SBJ *T*-2) (VP includes (NP (NP a sweeping ban) (PP-LOC on (S-NOM (NP-SBJ *) (VP smoking (PP-LOC on (NP most domestic airline flights))))))))))))) .)) (TOP (S (S (NP-SBJ An exemption) (VP will (VP remain (PP for (NP (NP flights) (ADJP (ADJP longer) (PP than (NP six hours))) (PP to (NP Hawaii and Alaska))))))) , but (S (NP-SBJ (NP estimates) (PP by (NP the tobacco industry)) (NP-TMP yesterday)) (VP indicate (SBAR 0 (S (NP-SBJ-1 (QP all but about 30) flights) (VP would (VP be (VP covered (NP *-1)))))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ-31 (NP a third conference report) (VP covering (NP an (ADJP (QP $ 18.4 billion) *U*) Treasury and Postal Service bill))) (VP was (VP sent (NP *-31) (PP-DTV to (NP the Senate)) (PP-TMP after (S-NOM (NP-SBJ *) (VP passing (NP the House) (PP on (NP a 383-30 roll call))) (NP-TMP yesterday))))) .)) (TOP (S And (PP-TMP after (NP (NP weeks) (PP of (NP delay)))) , (NP-SBJ-1 the appropriations process) (VP is (VP beginning (S (NP-SBJ *-1) (VP to (VP take (NP some final shape)))))) .)) (TOP (S (NP-SBJ (NP Defense) and (NP foreign aid)) (VP are (NP-PRD (NP the two (ADJP most critical) areas) (VP remaining)) (PP from (NP (NP the administration 's) standpoint))) .)) (TOP (S And (PP-LOC among (NP domestic programs)) , (NP-SBJ the (ADJP most serious) threat) (VP is (NP-PRD (NP White House opposition) (PP to (NP (NP abortion riders) (VP attached (PP-CLR to (NP (NP separate bills) (VP funding (NP (NP (NP the District) (PP of (NP Columbia))) and (NP (NP Department) (PP of (NP (NP Health) and (NP Human Services))))))))))))) .)) (TOP (S (S (NP-SBJ-2 The same issue) (VP threatens (S (NP-SBJ *-2) (VP to (VP spill (PRT over) (PP-DIR to (NP the foreign aid debate))))))) , and (S (NP-SBJ-3 Mr. Bush) (ADVP also) (VP is (VP threatening (S (NP-SBJ *-3) (VP to (VP veto (NP (NP any agreement) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP preserves (NP (NP Senate-passed provisions) (VP renewing (NP (NP U.S. support) (PP for (NP (NP the United Nations Fund) (PP for (NP Population Activities))))))))))))))))) .)) (TOP (S (PP-LOC In (NP a (ADJP sharply written) letter)) , (NP-SBJ (NP Rep. David Obey) , (NP (NP chairman) (PP of (NP (NP the House appropriations subcommittee) (PP for (NP foreign operations))))) ,) (VP warned (NP Mr. Bush) (SBAR that (S (NP-SBJ (NP the result) (PP of (NP his `` ultimatum ''))) (VP could (VP weaken (NP efforts (S (NP-SBJ *) (VP to (VP accommodate (NP the administration) (ADVP-LOC elsewhere)))))))))) .)) (TOP (S-2 `` (PP As (NP (NP a result) (PP of (NP your ultimatum)))) (PRN , '' (SINV (VP writes (S *T*-2)) (NP-SBJ the Wisconsin Democrat)) ,) `` (NP-SBJ I) (VP guess (SBAR 0 (S (NP-SBJ there) (VP is (ADVP no longer) (NP-PRD (NP any point) (PP in (S-NOM (NP-SBJ *) (VP taking (NP administration views) (PP-CLR into (NP account)) (PP on (NP (NP other items) (PP-LOC in (NP conference)))))))) , (S (ADVP inasmuch) (ADVP regardless (PP of (NP their resolution))) (NP-SBJ-1 you) (ADVP apparently) (VP intend (S (NP-SBJ *-1) (VP to (VP veto (NP this bill)))))))))) .)) (TOP (S (NP-SBJ-1 Markets) (ADVP-TMP usually) (VP get (S (NP-SBJ *-1) (VP noticed)) (SBAR-PRP because (S (NP-SBJ they) (VP soar or plunge)))) .)) (TOP (S (NP-SBJ (NP Gold) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has n't (VP risen or fallen (ADVP significantly) (PP-TMP in (NP quite some time)))))) ,) (NP-TMP yesterday) (VP achieved (SBAR (WHNP-2 what) (S (NP-SBJ *T*-2) (VP may (VP be (NP-PRD (NP a new level) (PP of (NP impassiveness))))))) : (S (NP-SBJ The (ADJP most actively traded) futures contracts) (VP closed (ADJP-CLR unchanged) (PP despite (NP (NP nervous fluctuations) (PP-LOC in (NP both (NP (NP the dollar) and (NP the stock market))))))))) .)) (TOP (S (NP-SBJ (NP The settlement prices) (PP of (NP the December , February and April gold contracts))) (VP were (ADJP-PRD even (PP with (NP (NP Monday 's) final prices)))) .)) (TOP (S (NP-SBJ (NP The December 1989 contract) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP the greatest trading volume)))) ,) (VP ended (PP-CLR at (NP (NP $ 371.20 *U*) (NP-ADV an ounce)))) .)) (TOP (S (NP-SBJ The other months) (VP posted (NP (NP advances) (PP of (NP (QP 10 cents to 20 cents) (NP-ADV an ounce))))) .)) (TOP (S (PP According (PP to (NP (NP one analyst) , (NP (NP Bernard Savaiko) (PP of (NP (NP PaineWebber) , (NP New York) ,)))))) (NP-SBJ (NP (NP the stock market 's) ability (S *ICH*-2)) (PP-TMP on (NP Monday)) (S-2 (NP-SBJ *) (VP to (VP rally (PP from (NP (NP (NP last Friday 's) decline) (PRN -- (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP seemed (S (NP-SBJ *-3) (VP to (VP indicate (SBAR that (S (NP-SBJ the economy) (VP was n't (VP going (S (NP-SBJ *) (VP to (VP fall))) (ADVP either))))))))))) --))))))) (VP took (NP the starch) (ADVP-CLR (ADVP out (PP of (NP precious metals prices))) , and (ADVP out (PP of (NP gold 's)) , (PP in (NP particular))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ gold) (VP traded (PP-LOC-CLR within (NP a narrow range))) .)) (TOP (S (NP-SBJ-3 Gold) (VP (VP tried (S (NP-SBJ *-3) (VP to (VP rally))) (PP-TMP on (NP Monday))) but (VP ran (PP-DIR into (NP (NP the same situation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP subdued (NP gold prices))) (PP-TMP for (NP (QP more than a) year)))) : (S-NOM (NP-SBJ *) (VP selling (PP by (NP-LGS (NP gold producers) , (SBAR (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (VP want (S (NP-SBJ *-4) (VP to (VP fix (NP (NP the highest possible price) (PP for (NP their gold))))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ December delivery gold) (VP (VP is (VP trading (PP-LOC-CLR in (NP (NP a range) (PP of (NP (NP (QP $ 365 to $ 375) *U*) -LCB- (NP-ADV an ounce) -RCB-)))))) and (VP is (VP having (NP (NP difficulty) (S-NOM (NP-SBJ *) (VP breaking (PRT out) (PP-LOC above (NP that))))))))) , '' (NP-SBJ Mr. Savaiko) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ Producers) (PP-TMP at (NP the moment)) (VP regard (S (NP-SBJ that area) (NP-PRD (NP a good one) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ *) (VP to (VP sell (NP gold) (PP-TMP *T*-1)))))))) . '')) (TOP (S-2 (ADVP Also) (PRN , (S (NP-SBJ Mr. Savaiko) (VP noted (S *T*-2))) ,) (NP-SBJ (NP stock market investors) (VP seeking (NP greater safety))) (VP are (VP veering (PP-DIR toward (S-NOM (NP-SBJ *) (VP buying (NP (NP bonds) (PP rather than (NP precious metals)))))) (SBAR-PRP because `` (S (NP-SBJ we) (VP are (VP tending (PP (ADVP more) toward (NP (NP a disinflationary economy) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP does n't (VP make (S (NP-SBJ (NP gold) and (NP precious metals)) (ADJP-PRD attractive)))))))))))))) . '')) (TOP (S (NP-SBJ (NP Jeffrey Nichols) , (NP (NP president) (PP of (NP (NP APMS Canada) , (NP Toronto precious metals advisers) ,)))) (VP said (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP little) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP motivate (S (NP-SBJ gold traders) (VP to (VP buy (NP the metal))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP Investors) (PP in (NP (NP the U.S.) and (NP Europe)))) (VP are (ADJP-PRD comfortable (PP with (NP (NP the actions) (PP of (NP (NP the -LCB- Federal Reserve -RCB-) (PP in (NP (NP its willingness (S (NP-SBJ *) (VP to (VP supply (NP liquidity) (PP-CLR to (NP financial system)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP helped (S (NP-SBJ the stock market) (VP rebound)) (PP-TMP on (NP Monday)))))))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (S-TPC-1 (NP-SBJ There) (VP is n't (NP-PRD (NP any rush) (PP on (NP (NP the part) (PP of (NP (NP-LOC investors) (PP in (NP the West)))))) (S (NP-SBJ *) (VP to (VP buy (NP gold))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ They) (ADVP-TMP still) (VP bear (NP (NP the memory) (PP of (NP (NP October 1987) , (SBAR (WHADVP-3 when) (S (NP-SBJ-2 they) (VP (VP bought (NP gold) (SBAR-TMP after (S (NP-SBJ the stock market) (VP crashed)))) and (VP ended (PRT up) (S (NP-SBJ *-2) (VP losing (NP money) (SBAR-PRP because (S (NP-SBJ gold prices) (ADVP subsequently) (VP fell)))))) (ADVP-TMP *T*-3))))))))) , '' (NP-SBJ Mr. Nichols) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD (NP an experience) (SBAR (WHNP-1 0) (S (NP-SBJ-2 they) (VP do n't (VP want (S (NP-SBJ *-2) (VP to (VP repeat (NP *T*-1)))))))))) . '')) (TOP (S (S-TPC-1 (PP-TMP At (NP the moment)) (NP-SBJ gold traders) (VP are n't (VP concerned (PP-CLR about (NP inflation))))) (PRN , (S (NP-SBJ he) (VP said (S *T*-1))) ,) and (S (PP as (PP for (NP the dollar))) , `` (S (NP-SBJ (NP (NP gold 's) association) (PP with (NP the currency))) (VP has (VP been (VP diminishing (ADVP-TMP recently))))) so (S (NP-SBJ (NP drops) (PP-LOC in (NP the currency))) (VP are n't (VP having (NP (NP much impact) (PP-LOC on (NP gold))))))) . '')) (TOP (S (NP-SBJ (NP Dinsa Mehta) , (NP (NP chief bullion trader) (PP for (NP Chase Manhattan Bank))) ,) (VP said : `` (S (NP-SBJ There) (VP is (NP-PRD (NP little incentive) (PP-LOC on (NP (NP the part) (PP of (NP traders)))) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP sell (NP gold) (ADVP *T*-1)))))) (SBAR-PRP because (S (S (NP-SBJ the stock market) (VP may (VP go (ADVP-CLR lower)))) and (S (NP-SBJ gold) (VP may (VP retain (NP (NP some) (PP of (NP its ` (NAC flight (PP to (NP safety))) ' quality))))))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP little incentive) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP buy (NP gold) (ADVP *T*-1)))))) (SBAR-PRP because (S (SBAR-ADV if (S (NP-SBJ the stock market) (VP goes (ADVP-CLR higher)))) , (NP-SBJ it) (VP may (VP be (NP-PRD just a false alarm)))))) .)) (TOP (S (NP-SBJ This) (VP is (VP keeping (S (NP-SBJ the gold traders) (ADJP-PRD handcuffed)))) . '')) (TOP (S (S-TPC-2 (NP-SBJ (NP The (ADJP most remarkable) feature) (PP about (NP (NP yesterday 's) action))) (VP was (SBAR-PRD that (S (NP-SBJ-1 (NP the price) (PP of (NP (NP (QP roughly $ 370) *U*) (NP-ADV an ounce)))) (VP was (VP regarded (NP *-1) (PP-CLR as (ADJP attractive enough (PP by (NP (NP gold producers) (PP-LOC around (NP the world)))) (S (NP-SBJ *) (VP to (VP (ADVP-MNR aggressively) sell (NP gold)))))))))))) , (NP-SBJ Mr. Mehta) (VP said (S *T*-2)) .)) (TOP (S `` (S-TPC-3 (S (NP-SBJ I) (VP do n't (VP know (SBAR (WHNP-1 what) (S (NP-SBJ it) (VP means (NP *T*-1) (PP-TMP over (NP the long run)))))))) , but (S (PP-TMP for (NP the short term)) , (NP-SBJ it) (VP appears (SBAR that (S (NP-SBJ gold producers) (VP are (ADJP-PRD grateful (PP for (NP (NP the (QP $ 10) *U* (QP or so)) (SBAR (WHNP-2 that) (S (NP-SBJ gold) (VP has (VP risen (NP-EXT *T*-2) (PP-TMP over (NP the past week or so))))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S-2 (ADVP-TMP Previously) (PRN , (S (NP-SBJ he) (VP noted (S *T*-2))) ,) (NP-SBJ-1 gold producers) (VP tended (S (NP-SBJ *-1) (VP to (VP back (PRT off) (PP-CLR from (NP a rising gold market)) , (S-ADV (NP-SBJ *) (VP letting (S (NP-SBJ prices) (VP rise (NP (NP as much) (PP as (ADJP possible))))) (PP-TMP before (S-NOM (NP-SBJ *) (VP selling))))))))) .)) (TOP (S (NP-SBJ Mr. Mehta) (VP observed (SBAR that (S (NP-SBJ (NP the U.S. merchandise trade deficit) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP rose (ADVP-MNR sharply) (PP-TMP in (NP August)))))) , (PP according (PP to (NP (NP yesterday 's) report))) , (VP has (VP been (VP having (NP (NP (ADJP less and less) impact) (PP on (NP the gold market))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ The dollar) (VP has n't (VP reacted (ADVP much) (PP-CLR to (NP it))))) , (ADVP so) (S (NP-SBJ gold) (VP has n't (VP *?* (ADVP either))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (UCP-HLN (PP-LOC In (NP other commodity markets)) (NP-TMP yesterday) :)) (TOP (NP-HLN ENERGY :)) (TOP (S (NP-SBJ Crude oil prices) (VP rose (ADVP-EXT slightly) (PP-LOC in (NP lackluster activity)) (SBAR-TMP as (S (NP-SBJ-1 (NP traders) (PP-LOC in (NP the pits))) (VP tried (S (NP-SBJ *-1) (VP to (VP assess (NP (NP action) (PP-LOC in (NP the stock market)))))))))) .)) (TOP (S (SBAR-TMP Since (S (NP-SBJ stock market indexes) (VP plummeted (NP-TMP last Friday)))) , (NP-SBJ (NP participants) (PP-LOC in (NP all markets))) (VP have (VP been (ADJP-PRD wary))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ traders) (VP become (ADJP-PRD confident (SBAR that (S (NP-SBJ the stock market) (VP has (VP stabilized))))) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 oil prices) (VP are (VP expected (S (NP-SBJ *-2) (VP to (VP rise))) (SBAR-TMP as (S (NP-SBJ supply and demand fundamentals) (ADVP-TMP once again) (VP become (NP-PRD the major consideration)))))) .)) (TOP (S (NP-SBJ (NP Crude oil) (PP for (NP November delivery))) (VP edged (PRT up) (PP-EXT by (NP (NP 16 cents) (NP-ADV a barrel))) (PP-DIR to (NP (NP $ 20.75 *U*) (NP-ADV a barrel)))) .)) (TOP (S (NP-SBJ Heating oil prices) (ADVP also) (VP rose) .)) (TOP (S (NP-SBJ November gasoline) (VP slipped (ADVP-EXT slightly)) .)) (TOP (NP SUGAR :)) (TOP (S (NP-SBJ Futures prices) (VP rose (PP on (NP a report (SBAR that (S (NP-SBJ-1 Cuba) (VP may (VP seek (S (NP-SBJ *-1) (VP to (VP postpone (NP some sugar shipments))))))))))) .)) (TOP (S (NP-SBJ The March contract) (VP advanced (NP-EXT (NP 0.14 cent) (NP-ADV a pound)) (PP-DIR to (NP 14.11 cents))) .)) (TOP (S (PP According (PP to (NP an analyst))) , (NP-SBJ Cuba) (VP (VP ca n't (VP meet (NP all its shipment commitments))) and (VP has (VP asked (NP-1 Japan) (S (NP-SBJ *-1) (VP to (VP accept (NP (NP a delay) (PP of (NP (NP shipments) (VP scheduled (NP *) (PP-TMP-CLR for (NP later this year))))) , (PP-TMP into (NP early next year))))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ-1 Japan) (VP is (VP perceived (NP *-1) (PP-CLR as (NP (NP a wealthy nation) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP can (VP (VP turn (ADVP-LOC-CLR elsewhere (PP in (NP the world market)))) and (VP buy (NP the sugar))))))))))) , '' (NP-SBJ the analyst) (VP said (S *T*-3)) .)) (TOP (S (S-TPC-2 (NP-SBJ It) (VP was (NP-PRD (NP (NP the possibility) (PP of (NP this demand))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP helped (VP firm (NP prices)))))))) , (NP-SBJ the analyst) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ Another analyst) (VP noted (SBAR that (S (NP-SBJ Cuba) (VP has (VP been (VP deferring (NP shipments) (PP-TMP in (NP recent years)))))))) .)) (TOP (S `` (PP To (NP (NP the professionals) (PP-LOC in (NP the trade)))) (NP-SBJ it) (VP did n't (VP cause (NP much surprise))) .)) (TOP (S (S-TPC-1 (NP-SBJ The March futures contract) (VP (VP traded (ADVP as high (PP as (NP 14.24 cents)))) , but (VP could n't (VP sustain (NP the advance))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (NP-HLN LIVESTOCK AND MEATS :)) (TOP (S (NP-SBJ (NP The prices) (PP of (NP cattle , hogs and pork belly futures contracts))) (VP rebounded (SBAR-TMP as (S (NP-SBJ livestock traders) (VP shook (PRT off) (NP fears (SBAR that (S (NP-SBJ the Friday stock market plunge) (VP would (VP chill (NP (NP consumer spending) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (PP in (NP turn)) (VP would (VP hurt (NP (NP retail sales) (PP of (NP beef and pork))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The prices) (PP of (NP most livestock futures contracts))) (VP had (VP dropped (ADVP-MNR sharply) (NP-TMP Monday))) .)) (TOP (S (NP-SBJ Cattle futures prices) (VP were (ADVP also) (VP supported (NP-TMP yesterday) (PP by (NP-LGS signs (SBAR that (S (NP-SBJ supermarket chains) (VP are (VP making (NP plans (S (NP-SBJ *) (VP to (VP increase (NP (NP their promotions) (VP concerning (NP beef))))))))))))))) .)) (TOP (NP-HLN GRAINS AND SOYBEANS :)) (TOP (S (NP-SBJ (NP The prices) (PP of (NP most soybean and soybean-meal futures contracts))) (VP rose (PP-LOC amid (NP rumors (SBAR that (S (NP-SBJ-1 the Soviet Union) (VP is (VP interested (NP *-1) (PP-CLR in (S-NOM (NP-SBJ *) (VP buying (PP-CLR from (NP (NP the U.S.) or (NP South America))) (NP (NP (NP (QP about 250,000) metric tons) (PP of (NP soybeans))) and (NP (NP (QP as many as 400,000) metric tons) (PP of (NP soybean meal)))))))))))))) .)) (TOP (S (NP-SBJ Traders) (VP are (ADJP-PRD especially sensitive (PP to (NP (NP reports) (PP of (NP possible U.S. soybean sales))))) (SBAR-PRP because (S (NP-SBJ U.S. exports) (VP are (VP lagging))))) .)) (TOP (S (PP-TMP Since (NP Sept. 1)) , (NP-SBJ-3 (NP (ADJP (QP about 13 million) fewer) bushels) (PP of (NP U.S. soybeans)) (PP *ICH*-1)) (VP have (VP been (VP sold (NP *-3) (ADVP-LOC-CLR overseas) (PP-1 than (PP-TMP for (NP (NP the same period) (NP-TMP last year))))))) .)) (TOP (S (NP-SBJ Corn futures prices) (VP rose (ADVP-EXT slightly) (SBAR-ADV while (S (NP-SBJ wheat prices) (VP settled (ADJP-CLR mixed))))) .)) (TOP (S (NP-SBJ (NP Moody 's) Investors Service Inc.) , (S-ADV (NP-SBJ *) (VP fretting (PP-CLR about (NP (NP increasing competitive pressure) (PP-LOC on (NP Ryder)))))) , (VP placed (NP (NP (QP about $ 2.8 billion) *U*) (PP in (NP company securities))) (PP-LOC-CLR under (NP (NP review) (PP for (NP possible downgrade))))) .)) (TOP (S (NP-SBJ (NP Ratings) (PP under (NP review))) (VP are (NP-PRD (NP (NP Ryder 's) A-1 collateral trust debentures) , (NP A-2 senior notes and bonds) , (NP A-2 preferred stock) and (NP (NP (NP the company 's) Prime-1 rating) (PP for (NP commercial paper))))) .)) (TOP (S (NP-SBJ (NP Moody 's)) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP assessing (NP (NP the strategies) (SBAR (WHNP-1 0) (S (NP-SBJ (NP Ryder 's) management) (VP may (VP follow (NP *T*-1) (PP in (S-NOM (NP-SBJ *) (VP addressing (NP (NP significant challenges) (PP-LOC in (NP some major markets)))))))))))))))) .)) (TOP (S (NP-SBJ The rating agency) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP focusing (ADVP especially) (PP on (NP (NP the transportation service company 's) efforts (S (NP-SBJ *) (VP to (VP (VP control (NP costs)) , (VP improve (NP margins)) and (VP enhance (NP (NP its competitive position) (PP-LOC in (NP (NP its primary business) , (NP vehicle leasing and rental))))))))))))))) .)) (TOP (S (S (NP-SBJ (NP The nations) (PP of (NP southern Africa))) (VP know (NP (NP a lot) (PP about (S-NOM (NP-SBJ *) (VP managing (NP elephants))))))) ; (S (NP-SBJ their herds) (VP are (VP thriving))) .)) (TOP (S But (NP-SBJ (NP the nations) (PP of (NP (NP Europe) and (NP North America)))) (VP have (VP decided (SBAR 0 (S (NP-SBJ they) (VP know (ADVP-CLR better)))))) .)) (TOP (S (PP-LOC At (NP (NP (NP this week 's) U.N. conference) (PP-LOC in (NP Lausanne)))) , (NP-SBJ they) (VP imposed (NP (NP a global ivory ban) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP seeks (S (NP-SBJ *) (VP to (VP overturn (NP local policies))))))))) .)) (TOP (S (NP-SBJ A Zimbabwean delegate) (VP argued (SBAR that (S (NP-SBJ the ban) (VP would `` (VP guarantee (NP (NP the extinction) (PP of (NP the elephant)))))))) . '')) (TOP (S (NP-SBJ (NP Legitimate ranchers) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (NP (NP an interest) (PP-LOC in (S-NOM (NP-SBJ *) (VP preserving (NP the herds)))))))) ,) (VP would (VP go (ADVP-CLR out (PP of (NP business))))) .)) (TOP (S (NP-SBJ Poachers) (VP would (VP control (NP the underground trade))) .)) (TOP (S (S (NP-SBJ Many delegates) (VP were (ADJP-PRD willing (S (NP-SBJ *) (VP to (VP craft (NP a compromise))))))) , but (S (NP-SBJ (NP U.S. delegate Constance Harriman) and (NP others)) (VP thundered (NP that) (ADVP down))) .)) (TOP (S (NP-SBJ (NP The Greens) (PP from (NP the First World))) (VP wanted (NP (NP a morality play) , not (NP a negotiation))) .)) (TOP (S (ADVP Fortunately) , (NP-SBJ (NP the nations) (PP of (NP southern Africa))) (VP have n't (VP (ADVP totally) surrendered (NP their sovereignty))) .)) (TOP (S (NP-SBJ Five countries) (VP announced (SBAR 0 (S (NP-SBJ they) (VP would not (VP honor (SBAR (WHNP-1 what) (S (NP-SBJ one Zimbabwean delegate) (ADVP-MNR wryly) (VP called (S (NP-SBJ *T*-1) (NP-PRD the `` (VP-TTL made (PP-LOC-CLR in (NP Switzerland))) '' solution)))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ they) (VP seemed (ADJP-PRD (NP a mite) resentful)) .)) (TOP (S (NP-SBJ (NP The director) (PP of (NP (NP Zimbabwe 's) Wildlife Department))) (VP described (NP American conservationists) (PP-CLR as `` (NP (NP fat little puppies) (PP from (NP urban environments)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP do n't (VP know (NP (NP a thing) (PP about (NP Africa)))))))))) . '')) (TOP (S (S (NP-SBJ That) (VP 's not (ADJP-PRD fair))) ; (S (NP-SBJ they) (VP 're not (ADVP all) (ADJP-PRD fat))) .)) (TOP (S (NP-SBJ HUGO'S BLAST) (VP generates (NP (NP pleas) (PP for (NP aid)) (PP from (NP South Carolina small businesses)))) .)) (TOP (S (NP-SBJ The Small Business Administration) (VP has (VP received (NP (NP (QP more than 5,000) formal requests) (PP for (NP disaster loans))) (PP-PRP because of (NP the hurricane)))) .)) (TOP (S (NP-SBJ (NP (QP About 45) %) (PP of (NP (NP requests) (PP for (NP (NP SBA relief loans) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP are (ADJP-PRD available (PP to (NP homeowners)))))) ,))))) (VP come (PP-DIR from (NP small businesses)) , (PP compared (PP with (NP (NP a (ADJP 25 %) business share) (PP-TMP after (NP most disasters)))))) .)) (TOP (S (NP-SBJ-1 The SBA) (VP expects (S (NP-SBJ *-1) (VP to (VP make (NP (NP (QP about $ 1 billion) *U*) (PP in (NP Hurricane Hugo loans))))))) .)) (TOP (S (NP-SBJ-1 The disaster fund) (VP is (VP replenished (NP *-1) (PP-LGS by (NP loan repayments)))) .)) (TOP (SINV (VP-TPC-1 (ADVP-MNR Hardest) (VP hit (PP by (NP-LGS Hugo)) (PP-LOC in (NP South Carolina)))) (VP were (VP *T*-1)) (NP-SBJ (NP (NP small retailers) (VP tied (NP *) (PP-CLR to (NP the tourist industry)))) and (NP (NP businesses) (PP-LOC in (NP (NP agriculture) and (NP cultivated seafood))))) .)) (TOP (S (NP-SBJ The State Development Board) (VP set (PRT up) (NP a Hugo Hotline) (S-PRP (NP-SBJ *) (VP to (VP accept (NP business-to-business help))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ NBC weather man Willard Scott) (VP broadcast (NP the hot-line number)))) , (NP-SBJ-1 it) (VP was (VP flooded (NP *-1) (PP-CLR with (NP 10,000 calls)))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ-1 (NP the U.S. Chamber) (PP of (NP Commerce))) (VP began (S (NP-SBJ *-1) (VP using (NP its national TV show) (S-CLR (NP-SBJ *) (VP to (VP seek (NP (NP help) , (PP such as (NP equipment)) , (PP for (NP business owners))))))))) .)) (TOP (S (NP-SBJ Local bankers and accountants) (VP help (S (NP-SBJ applicants) (VP fill (PRT out) (NP forms)))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ It) (VP helps (NP us))) , and (S (NP-SBJ people) (VP feel (ADVP-PRD better) (S (NP-SBJ *) (VP talking (PP-CLR to (NP (NP someone) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP 's (VP gone (PP-CLR through (NP the same thing))))))))))))) , '' (NP-SBJ an SBA official) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ HEALTH BENEFITS) (VP remain (NP-PRD a central lobbying effort) , (SBAR-TMP (ADVP even) as (S (NP-SBJ Section 89) (VP fades)))) .)) (TOP (S (NP-SBJ-2 The Senate) , (PP-TMP after (S-NOM (NP-SBJ *) (VP deleting (NP Section 89 repeal) (PP-CLR from (NP its deficit-reduction bill))))) , (ADVP-TMP still) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP join (NP the House) (PP in (S-NOM (NP-SBJ-3 *) (VP voting (S (NP-SBJ *-3) (VP to (VP kill (NP (NP the law) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP forces (S (NP-SBJ companies) (VP to (VP provide (NP comparable benefits) (PP-CLR to (NP (NP laborers and executives) (ADVP alike))))))))))))))))))))) .)) (TOP (S (PP In (S-NOM (NP-SBJ *) (VP lobbying (PP-CLR on (NP other health-coverage topics))))) , (NP-SBJ (NP the National Federation) (PP of (NP Independent Business))) (VP will (VP press (PP-CLR for (NP (NP legislation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP give (NP self-employed people) (NP (NP (NP a 100 % tax deduction) (PP for (NP their own health plans))) , (ADVP up (PP from (NP 25 %) (ADVP-TMP currently)))))))))))) .)) (TOP (S And (NP-SBJ the group) (VP will (VP urge (SBAR that (S (NP-SBJ the federal government) (VP pre-empt (NP (NP state rules) (PP on (SBAR-LOC (WHNP-2 what) (S (NP-SBJ-1 *T*-2) (VP must (VP be (VP covered (NP *-1) (PP by (NP-LGS (NP employers ') health insurance)))))))))))))) .)) (TOP (S (NP-SBJ Small-business groups) (ADVP also) (VP will (VP fight (NP (NP the medical-leave provision) (PP of (NP legislation)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP expand (NP parental leaves)))))))) .)) (TOP (S And (NP-SBJ they) (ADVP-TMP still) (VP oppose (PP-CLR as (ADJP too costly)) (NP (NP an employer-paid health insurance bill) (VP sponsored (NP *) (PP by (NP-LGS (NP Sen. Edward Kennedy) (PRN -LRB- (NP (NP D.) , (NP Mass .)) -RRB-))))) (PP despite (NP his proposal (S (NP-SBJ *) (VP to (VP phase (PRT in) (NP small business) (ADVP-MNR only gradually))))))) .)) (TOP (S (NP-SBJ There) (VP is (ADVP also) (NP-PRD worry (SBAR that (S (NP-SBJ (NP the Pepper Commission) (VP studying (NP long-term health care))) (VP will (ADVP-TMP again) (VP push (NP lawmakers) (PP-DIR toward (NP employerpaid solutions)))))))) .)) (TOP (S (NP-SBJ The Section 89 victory) (VP could (VP have (NP a downside) (PP-MNR by (S-NOM (NP-SBJ *) (VP making (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD harder) (S-1 (NP-SBJ *) (VP to (VP oppose (NP lawmakers) (PP on (NP other health proposals))))))))))) .)) (TOP (SINV `` (S-TPC-1 (PP With (NP (NP the repeal) (PP of (NP Section 89)))) , (NP-SBJ we) (VP can (ADVP no longer) (VP say (SBAR 0 (S (NP-SBJ they) (VP 're (VP discouraging (NP businesses) (PP-CLR from (S-NOM (NP-SBJ *) (VP offering (NP health plans))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Christine Russell) , (NP (NP (NP the Chamber) (PP of (NP Commerce)) 's) small-business advocate)) .)) (TOP (S-HLN (NP-SBJ *) (VP JUMPING (NP THE GUN)) :)) (TOP (S (NP-SBJ (NP Sen. Lloyd Bentsen) (PRN -LRB- (NP (NP D.) , (NP Texas)) -RRB-)) (VP was (ADJP-PRD outraged) (SBAR-TMP after (S (NP-SBJ (NP a private word) (PP to (NP (NP John Motley) , (NP (NP lobbyist) (PP for (NP (NP the National Federation) (PP of (NP Independent Business)))))))) , (VP resulted (PP-CLR in (NP (NP a news release) (VP saying (SBAR that (S (NP-SBJ the Senate Finance Committee chairman) (VP would (VP recommend (NP (NP repeal) (PP of (NP Section 89)))))))))))))) .)) (TOP (S (SBAR-ADV (ADVP Even) though (S (NP-SBJ the announcement) (VP was (ADJP-PRD true) (PP-TMP in (NP the end))))) , (NP-SBJ-1 it) (VP was (VP issued (NP *-1) (PP-MNR without (NP (NP the senator 's) permission)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP blew (NP it))) , '' (NP-SBJ Mr. Motley) (VP says (S *T*-1) (ADVP-MNR apologetically)) .)) (TOP (S `` (NP-SBJ It) (VP was (NP-PRD a timing mistake)) . '')) (TOP (NP PRISON-SHOP BLUES :)) (TOP (S (NP-SBJ (NP Sen. Strom Thurmond) (PRN -LRB- (NP (NP R.) , (NP S.C .)) -RRB-)) (VP protests (NP pending legislation (S (NP-SBJ *) (VP to (VP end (NP (NP the preference) (SBAR (WHNP-1 that) (S (NP-SBJ the federal prison system) (VP gets (NP *T*-1) (PP in (S-NOM (NP-SBJ *) (VP selling (NP (NP prisoner-made furniture) and (NP other goods)) (PP-DTV to (NP government agencies)))))))))))))) .)) (TOP (S (NP-SBJ Small-business suppliers) (VP want (S (NP-SBJ-1 prisons) (VP to (VP stop (S (NP-SBJ *-1) (VP getting (NP high priority)))))) , (SBAR-ADV (ADVP especially) as (S (NP-SBJ prison production) (VP grows (PP with (NP swelling inmate populations)))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ (NP (NP the prisons ') sales) (PP to (NP the Pentagon))) (VP totaled (NP (QP $ 336 million) *U*)) .)) (TOP (S (NP-SBJ REPAIR SHOPS) (VP SCRAP (PP-CLR for (NP (NP more access) (PP to (NP (NP work) (PP on (NP auto-emissions systems))))))) .)) (TOP (S (NP-SBJ (NP Groups) (VP representing (NP some independent auto-repair shops))) (VP join (NP (NP (NP a compromise) (PP-LOC on (NP the Clean Air legislation))) (VP worked (PRT out) (PP between (NP (NP environmentalists) and (NP (NP Rep. Henry Waxman) (PRN -LRB- (NP (NP D.) , (NP Calif .)) -RRB-))))))) .)) (TOP (S (NP-SBJ The plan) (VP would (VP increase (NP (NP the warranty) (PP on (NP auto-emission systems))) (PP-DIR to (NP (NP eight years) or (NP 80,000 miles))) (PP-DIR from (NP (NP five years) or (NP 50,000))) (PP for (NP major parts)))) .)) (TOP (S But (NP-SBJ-1 (NP the warranty) (PP on (NP simpler parts))) (VP would (VP be (VP lowered (NP *-1) (PP-DIR to (NP (NP two years) or (NP 24,000 miles)))))) .)) (TOP (S (NP-SBJ The garage owners) (VP say (SBAR 0 (S (NP-SBJ they) (VP would (VP benefit (SBAR-PRP because (S (NP-SBJ car owners) (VP would (VP be (ADJP-PRD less likely (S (NP-SBJ *) (VP to (VP go (ADVP-CLR back (PP to (NP dealers))) (PP-PRP for (NP the simpler repairs)) (PP-TMP after (NP two years))))))))))))))) .)) (TOP (S (NP-SBJ The repair shops) (VP are n't (VP united , (ADVP however))) .)) (TOP (S (NP-SBJ (NP Shops) (VP represented (NP *) (PP by (NP-LGS (NP the Automotive Service Industry Association) and (NP the Motor Equipment Manufacturers Association))))) (VP oppose (NP (NP any increase) (PP-LOC in (NP warranty length)))) .)) (TOP (S (NP-SBJ They) (VP say (SBAR 0 (S (FRAG-ADV (X-TMP the longer) (NP the warranty)) , (X-TMP the longer) (NP-SBJ customers) (VP will (VP (ADVP-MNR automatically) return (PP-DIR to (NP (NP new-car dealers) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP then) (VP find (NP (NP non-warranty work) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP might (ADVP otherwise) (VP go (PP-DIR to (NP repair shops))))))))))))))))) .)) (TOP (S (NP-SBJ The House Energy Committee) (VP will (VP debate (NP the issue) (NP-TMP later this month))) .)) (TOP (S (NP-SBJ (NP Stan Hathcock) , (NP (NP an Atlanta garage owner) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP opposes (NP a longer warranty))))) ,) (VP estimates (SBAR that (S (NP-SBJ the current plan) (VP costs (NP him) (NP (NP (QP as much as $ 15,000) *U*) (NP-ADV a year) (PP-LOC in (NP lost business))))))) .)) (TOP (NP-HLN SMALL TALK :)) (TOP (SINV (S-TPC-4 (NP-SBJ (NP (QP Some 70) %) (PP of (NP (NP graduates) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (ADVP-TMP recently) (VP earned (NP an M.B.A. degree))))))) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP 'd (VP prefer (S (NP-SBJ *-1) (VP to (VP (VP work (PP in (NP *RNR*-2))) or (VP own (NP *RNR*-2)) (NP-2 a small company)))))))))) , yet (S (NP-SBJ most) (VP take (NP (NP jobs) (PP with (NP large concerns))))) , (VP says (SBAR 0 (S *T*-4))) (NP-SBJ (NP a survey) (PP by (NP (NP the Foster McKay Group) , (NP a New York recruiting firm)))) ... .)) (TOP (S (NP-SBJ (NP Cardinal Scientific Inc.) (PP of (NP (NP Waldorf) , (NP Md.) ,))) (VP seeks (NP (NP a Small Business Innovation Research grant) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP produce (NP a `` nozzle assembly) (PP for (NP an Army mass delousing outfit)) (ADVP *T*-1))))))) .)) (TOP (S (NP-SBJ Banc One Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 Frank E. McKinney) (VP plans (S (NP-SBJ *-1) (VP to (VP retire (PP-CLR as (NP (NP the bank holding company 's) president)) (PP-TMP effective (NP Jan. 12))))))))) .)) (TOP (S (NP-SBJ Banc One) (VP said (SBAR 0 `` (S (NP-SBJ-2 (NP it) (SBAR *EXP*-1)) (VP is (VP contemplated (NP *-2) '' (SBAR-1 that (S (NP-SBJ (NP John B. McCoy) , (NP (NP chairman) and (NP chief executive officer)) ,) (VP will (VP assume (NP (NP the additional position) (PP of (NP president))) (PP-TMP upon (NP (NP Mr. McKinney 's) retirement))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. McKinney) , (ADJP (NP 50 years) old) ,) (VP was (NP-PRD (NP (NP chairman) (PP *RNR*-2)) and (NP (NP chief executive) (PP *RNR*-2)) (PP-2 of (NP (NP American Fletcher Corp.) , (NP Indianapolis)))) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ that bank holding company) (VP merged (PP-CLR into (NP Banc One)) (PP-TMP in (NP January 1987)) (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-2 Mr. McKinney) (VP plans (S (NP-SBJ *-2) (VP to (VP retire (SBAR-PRP because (S (NP-SBJ-1 (NP the process) (PP of (S-NOM (NP-SBJ *) (VP affiliating (NP American Fletcher) (PP-CLR into (NP Banc One)))))) `` (VP is (VP considered (S (NP-SBJ *-1) (ADJP-PRD completed))))))))))))) . '')) (TOP (S (NP-SBJ Mr. McKinney) (VP (VP will (VP continue (PP-CLR as (NP (NP (NP chairman) (PP of (NP the board))) and (NP (NP chairman) (PP of (NP (NP the executive committee) (PP of (NP (NP Banc One Indiana Corp.) , (NP (NP the successor company) (PP to (NP American Fletcher Corp.)))))))))))) , but (VP will (ADVP no longer) (VP be (ADJP-PRD active) (PP-LOC in (NP day-to-day management))))) .)) (TOP (S (NP-SBJ He) (VP will (VP remain (PP-LOC-CLR on (NP the Banc One board)))) .)) (TOP (S (NP-SBJ-1 The Treasury) (VP plans (S (NP-SBJ *-1) (VP to (VP raise (NP (NP (QP $ 1.55 billion) *U*) (PP in (NP new cash))) (PP with (NP (NP the sale) (NP-TMP Monday) (PP of (NP (NP (QP about $ 15.6 billion) *U*) (PP in (NP short-term bills)))) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP redeem (NP (NP (QP $ 14.1 billion) *U*) (PP in (NP maturing bills))) (ADVP *T*-3))))))))))) .)) (TOP (S (NP-SBJ-1 The offering) (VP will (VP be (VP divided (NP *-1) (ADVP-MNR evenly) (PP between (NP (NP 13-week and 26-week bills) (VP maturing (PP-TMP on (NP (NP Jan. 25 , 1990) , and (NP April 26 , 1990) , (ADVP respectively))))))))) .)) (TOP (S (NP-SBJ-1 (NP Tenders) (PP for (NP (NP the bills) , (ADJP available (PP in (NP minimum (ADJP $ 10,000 *U*) denominations)))))) , (VP must (VP be (VP received (NP *-1) (PP-TMP by (NP 1 p.m. EDT Monday)) (PP-LOC (PP at (NP the Treasury)) or (PP at (NP Federal Reserve banks or branches)))))) .)) (TOP (S (NP-SBJ (NP Moody 's) Investors Service Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP lowered (NP (NP ratings) (PP on (NP (NP (QP about $ 650 million) *U*) (PP of (NP Beatrice Co. debt)))))))) , (S-ADV (NP-SBJ *) (VP citing (NP (NP the (ADJP closely held) Chicago food concern 's) proposed recapitalization)))) .)) (TOP (S (NP-SBJ The ratings concern) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP downgraded (NP-1 (NP Beatrice notes) , (NP Euronotes) and (NP certain industrial revenue bonds)) (PP-DIR-2 to (NP single-B-1)) (PP-DIR-3 from (NP Ba-3))) and (VP (NP=1 (NP the company 's) subordinated debentures) (PP-DIR=2 to (NP single-B-3)) (PP-DIR=3 from (NP single-B-2))))))) .)) (TOP (S (NP-SBJ (NP Moody 's)) (VP said (SBAR (SBAR 0 (S (NP-SBJ the proposed recaptilization) (VP may `` (VP limit (NP (NP the company 's) ability (S (NP-SBJ *) (VP to (VP realize (NP its profit potential))))))))) '' and (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP paying (NP dividends) (PP from (NP (NP a new series) (PP of (NP preferred)))))) (VP could (VP squeeze `` (NP basic business operations))))))) . '')) (TOP (S (NP-SBJ A Beatrice spokesman) (VP did n't (VP return (NP (NP calls) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP seeking (NP comment))))))) .)) (TOP (S (NP-SBJ (NP Beatrice) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP went (ADJP-PRD private) (PP-LOC in (NP an (ADJP (QP $ 8.2 billion) *U*) leveraged buy-out)) (PP-TMP in (NP 1986))))) ,) (VP said (NP-TMP last month) (SBAR that (S (NP-SBJ it) (VP might (VP borrow (ADVP again) (S-PRP (NP-SBJ *) (VP to (VP help (VP pay (NP investors) (NP (NP (QP as much as $ 983 million) *U*) (PP in (NP (NP preferred stock) and (NP debt securities))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the Soviets) (VP announced (SBAR 0 (S (NP-SBJ their last soldier) (VP had (VP left (NP Afghanistan) (PP-TMP in (NP February)) (ADVP-TMP *T*-1)))))))) , (NP-SBJ (NP the voices) (PP of (NP skepticism))) (VP were (VP (ADVP all but) drowned (PRT out) (PP by (NP-LGS (NP an international chorus) (PP of (NP euphoria)))))) .)) (TOP (S (NP-SBJ It) (VP was `` (NP-PRD (NP the Soviets ') Vietnam)) . '')) (TOP (S (NP-SBJ The Kabul regime) (VP would (VP fall)) .)) (TOP (S (NP-SBJ (NP Millions) (PP of (NP refugees))) (VP would (VP rush (ADVP-DIR home))) .)) (TOP (S (NP-SBJ A resistance government) (VP would (VP walk (PP-DIR into (NP Kabul)))) .)) (TOP (S (NP-SBJ (NP Those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP bought (NP that illusion))))) (VP are (ADVP-TMP now) (ADJP-PRD bewildered)) .)) (TOP (S (SBAR-TMP (NP Eight months) after (S (NP-SBJ Gen. Boris Gromov) (VP walked (PP-DIR across (NP the bridge)) (PP-DIR into (NP the U.S.S.R.))))) , (S (NP-SBJ a Soviet-controlled regime) (VP remains (PP-LOC-CLR in (NP Kabul)))) , (S (NP-SBJ the refugees) (VP sit (PP-LOC-CLR in (NP their camps)))) , and (S (NP-SBJ (NP the restoration) (PP of (NP Afghan freedom))) (VP seems (ADVP-PRD as far off (PP as (ADVP ever))))) .)) (TOP (S But (NP-SBJ there) (ADVP-TMP never) (VP was (NP-PRD a chance (SBAR that (S (NP-SBJ the Afghan resistance) (VP would (VP overthrow (NP the Kabul regime) (ADVP-MNR quickly and easily))))))) .)) (TOP (S (NP-SBJ Soviet leaders) (VP (VP said (SBAR 0 (S (NP-SBJ they) (VP would (VP support (NP their Kabul clients) (PP-MNR by (NP (NP all means) (ADJP necessary)))))))) -- and (VP did (VP *?*))) .)) (TOP (S (NP-SBJ The U.S.) (VP (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP (ADVP-MNR fully) support (NP the resistance)))))) -- and (VP did n't)) .)) (TOP (S (PP With (S-NOM (NP-SBJ the (NAC-TMP February 1987) U.N. accords) `` (VP relating (PP-CLR to (NP Afghanistan))))) , '' (NP-SBJ the Soviet Union) (VP got (NP (NP everything) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP needed (NP *T*-1) (S-PRP (NP-SBJ *) (VP to (VP consolidate (NP permanent control))))))))) .)) (TOP (S (NP-SBJ (NP The terms) (PP of (NP the Geneva accords))) (VP leave (S (NP-SBJ Moscow) (ADJP-PRD free (S (NP-SBJ *) (VP to (VP provide (NP (NP its clients) (PP-LOC in (NP Kabul))) (PP with (NP (NP (NP assistance) (PP of (NP any kind))) -- (PP including (NP (NP the return) (PP of (NP Soviet ground forces)))) --))))))) (SBAR-ADV while (S-NOM (NP-SBJ *) (VP requiring (NP (NP the U.S.) and (NP Pakistan)) (S-CLR (NP-SBJ *) (VP to (VP cut (PRT off) (NP aid)))))))) .)) (TOP (S (NP-SBJ (NP The only fly) (PP-LOC in (NP the Soviet ointment))) (VP was (NP-PRD (NP the last-minute addition) (PP of (NP a unilateral American caveat , (SBAR that (S (NP-SBJ (NP U.S. aid) (PP to (NP the resistance))) (VP would (VP continue (ADVP-TMP (ADVP as long) (SBAR as (S (NP-SBJ (NP Soviet aid) (PP to (NP Kabul))) (VP did (VP *?*))))))))))))) .)) (TOP (S But (ADVP-TMP as soon (SBAR as (S (NP-SBJ-1 the accords) (VP were (VP signed (NP *-1)))))) , (NP-SBJ American officials) (VP (ADVP-MNR sharply) reduced (NP aid)) .)) (TOP (S (PP-TMP In (NP (NP February 1989) , (SBAR (WHADVP-1 when) (S (NP-SBJ the Soviets) (VP said (SBAR 0 (S (NP-SBJ they) (VP had (VP completed (NP their pullout))))) (ADVP-TMP *T*-1)))))) , (NP-SBJ the U.S.) (VP cut (NP it) (ADVP further)) .)) (TOP (X (ADVP Not so) (NP the Soviets) .)) (TOP (S (NP-SBJ Gen. Gromov himself) (VP said (SBAR 0 (S (NP-SBJ-1 Soviet troops) (VP expected (S (NP-SBJ *-1) (VP to (VP leave (ADVP-CLR behind) (NP (NP (QP more than $ 1 billion) *U*) (PP of (NP military equipment and installations))) (PP for (NP the Kabul regime))))))))) .)) (TOP (S (PP-TMP Since (NP the troop withdrawal)) , (NP-SBJ Moscow) (VP has (VP poured (PRT in) (NP (NP (NP an additional (QP $ 200 to $ 300 million) *U*) worth) (PP per (NP month)) (PRN -- (NP (NP (QP nearly $ 2 billion) *U*) (PP-TMP since (NP February))) , (ADJP equivalent (PP to (NP (NP the total U.S. aid) (PP to (NP the resistance)) (PP-TMP in (NP nine years))))))))) .)) (TOP (S (NP-SBJ This) (VP includes (NP (SBAR-NOM (WHNP-1 what) (S (NP-SBJ Deputy Foreign Minister Yuli Vorontsov) (ADVP-MNR fetchingly) (VP called (S (NP-SBJ *T*-1) `` (NP-PRD new peaceful long-range weapons))))) , '' (PP including (NP (QP more than 800) SCUD missiles)))) .)) (TOP (S (PP-TMP By (NP early May)) , (NP-SBJ Moscow) (VP had (VP delivered , (PP for (NP example)) , (NP (NP 1,000 trucks) , (NP about 100 tanks) , (NP artillery) and (NP (NP hundreds) (PP of (NP other combat vehicles)))))) .)) (TOP (S (NP-TMP Later that month) , (NP-SBJ it) (VP added (NP (NP an entire tank brigade) , (PP including (NP (NP 120 T-72 tanks) and (NP (QP more than 40) BMP state-of-the-art infantry fighting vehicles))))) .)) (TOP (S (PP-TMP By (NP September)) , (NP-SBJ (NP a new Reinforced Motorized Rifle Brigade) (PP with (NP (NP an additional 300 combat vehicles) , (NP 1,000 more trucks) and (NP 10,000 Soviet-trained Afghan troops)))) (VP had (VP arrived (PP-LOC-CLR in (NP Kandahar)))) .)) (TOP (S (PP-TMP In (NP the last few weeks)) , (NP-SBJ Moscow) (VP has (VP added (NP (NP FROG-7B missiles) , (NP (NP the bomber version) (PP of (NP the An-12))) , (NP MiG-23BN high-altitude aircraft) , (NP (NP MiG-29s) , (SBAR (WHNP-28 which) (S (NP-SBJ *T*-28) (VP can (VP outfly (NP (NP Pakistan 's) U.S.-built F16s)))))) , and (NP (NP Sukhoi SU-27 fighter-bombers) , (SBAR (WHNP-29 which) (S (NP-SBJ *T*-29) (VP can (VP outfly (NP the MiG-29s))))))))) .)) (TOP (S (NP-SBJ Moscow) (VP claims (SBAR 0 (S (NP-SBJ this) (VP is all (VP needed (S-PRP (NP-SBJ *) (VP to (VP protect (NP the Kabul regime) (PP-CLR against (NP the guerrilla resistance)))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADJP-PRD well-known) (SBAR-1 that (S (NP-SBJ-2 the regular Afghan infantry) (VP is (VP filled (NP *-2) (PP-CLR with (NP reluctant conscripts))))))) .)) (TOP (S But (S (NP-SBJ this) (VP is not (NP-PRD the entire Afghan army))) , and (S (NP-SBJ it) (VP is (ADVP-TMP no longer) (NP-PRD (NP Kabul 's) only military force))) .)) (TOP (S (S (NP-SBJ-1 Complete units) (VP have (VP been (VP trained and indoctrinated (NP *-1) (PP in (NP (NP the U.S.S.R.) and (NP other (ADJP East bloc) nations))))))) ; (S (NP-SBJ (NP (QP 30,000 to 40,000)) (PP of (NP these troops))) (VP have (VP returned))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the regime) (VP has (VP established (NP (NP well-paid paramilitary forces) (VP totaling (NP (NP more) (PP than 100,000))) , (PP including (NP (NP 35,000 Soviet-trained troops) (PP of (NP (NP (NP the Interior Ministry) (PRN -LRB- (NP KHAD/WAD) -RRB-)) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (ADVP-TMP still) (VP is (VP directed (NP *-1) (PP by (NP-LGS 1,500 Soviet KGB officers))))))))))))) .)) (TOP (S (SBAR-ADV (ADVP Even) if (S (NP-SBJ-1 not all these forces) (VP are (ADJP-PRD committed (PP to (NP the regime)))))) , (NP-SBJ they) (VP are (ADVP-TMP now) (ADJP-PRD dependent (PP on (NP it)))) .)) (TOP (S And (NP-SBJ-1 (NP thousands) (PP of (NP Afghan children))) (VP have (VP been (VP taken (NP *-1) (PP-DIR to (NP (NP the Soviet Union) , (SBAR (WHADVP-2 where) (S (NP-SBJ they) (VP are (NP-PRD (NP hostage) (PP for (NP (NP the behavior) (PP of (NP their families))))) (ADVP-LOC *T*-2))))))))) .)) (TOP (S (PP-TMP Since (NP 1981)) , (NP-SBJ Indian military advisers) (VP have (VP been (VP assisting (NP the Kabul regime)))) .)) (TOP (S (PP In (NP (NP preparation) (PP for (NP the withdrawal)))) , (NP-SBJ (NP Moscow) , (NP Kabul) and (NP New Delhi)) (VP signed (NP (NP two agreements) (SBAR (WHADVP-1 0) for (S (NP-SBJ several hundred (ADJP newly civilian) Indian experts) (VP to (VP replace (NP (NP some) (PP of (NP the (ADJP more visible) Soviet military personnel))) (ADVP *T*-1))))))) .)) (TOP (S (NP-SBJ Cuban military personnel) (ADVP also) (VP have (VP been (ADJP-PRD active) (PP-LOC in (NP Afghanistan)) (PP-TMP since (NP 1979)))) .)) (TOP (S (NP-SBJ The Soviets) (VP cut (NP (NP (NP a deal) (PP with (NP Iran))) : (NP (NP a future Iranian role) (PP-LOC in (NP Afghanistan)) (PP in (NP (NP exchange) (PP for (NP (NP Iranian support) (PP of (NP Soviet policy))))))))) .)) (TOP (S (NP-SBJ-1 The deal) (VP was (VP symbolized (NP *-1) (PP by (NP-LGS (NP the restoration) (PP of (NP the Shi'ite Sultan Ali Keshtmand)) (PP to (NP the Afghan prime ministry)))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ-1 serious questions) (VP have (VP been (VP raised (NP *-1) (PP about (NP (NP the claimed withdrawal) (PP of (NP Soviet forces))))))) .)) (TOP (S (PP-TMP Before (NP (NP his assassination) (PP-TMP in (NP 1988)))) , (NP-SBJ (NP President Zia) (PP of (NP Pakistan))) (ADVP-TMP repeatedly) (VP stated (SBAR that (S (NP-SBJ-1 fresh Soviet troops) (VP were (VP being (VP inserted (NP *-1) (PP-DIR into (NP Afghanistan)) (SBAR-TMP (ADVP even) as (S (NP-SBJ-2 others) (VP were (VP (ADVP-MNR ostentatiously) withdrawn (NP *-2))))))))))) .)) (TOP (S (NP-SBJ (NP Rep. Bill McCollum) (PRN -LRB- (NP R.) , (NP Fla.) -RRB-)) (VP reports (SBAR that (S (NP-SBJ these) (VP included (NP (NP (QP 20,000 to 30,000) Soviet Central Asian KGB Border Guards) , (UCP (ADJP ethnically indistinguishable (PP from (NP Afghans))) and (VP wearing (NP unmarked uniforms)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ the Kabul regime) (VP is (ADJP-PRD increasingly successful (PP at (S-NOM (NP-SBJ *) (VP portraying (NP the resistance) (PP-CLR as (NP bloody-minded fanatics))))))) .)) (TOP (S (PP-LOC In (NP this)) (NP-SBJ-1 they) (VP are (VP aided (NP *-1) (PP by (NP-LGS (NP years) (PP of (NP (NP American , European , Pakistani and Saudi support) (PP for (NP (NP the (ADJP most extreme) factions) -- (NP (NP radical Islamic fanatics) (PP with (NP (NP leaders) (SBAR (WHNP-2 whose policies) (S (NP-SBJ *T*-2) (VP are (NP-PRD (NP anathema) (PP to (NP the Afghan public))))))))))))))))) .)) (TOP (S (NP-SBJ (NP This heavy outside support) (PP for (NP the worst))) (VP has (VP undermined (NP better , moderate leaders))) .)) (TOP (S (PP-TMP In (NP autumn)) (NP-TMP last year) , (PP for (NP example)) , (NP-SBJ (NP-1 the regime garrison) (PP-LOC at (NP Kandahar))) (VP was (ADJP-PRD prepared (S (NP-SBJ *-1) (VP to (VP surrender (NP the city) (PP-CLR to (NP resistance moderates))))))) .)) (TOP (S (PP-TMP At (NP the last minute)) , (ADVP however) , (NP-SBJ Pakistani officials) (VP sent (PRT in) (NP (NP Gulbuddin Hekhmatyar) , (ADVP perhaps) (NP (NP the (ADJP (ADJP most hated) and (ADJP feared))) (PP of (NP the extremists))) ,) (PP with (NP a demand (SBAR that (S (NP-SBJ-1 the surrender) (VP be (VP made (NP *-1) (PP-CLR to (NP his forces))))))))) .)) (TOP (S (S (NP-SBJ The deal) (VP fell (ADVP-CLR through))) , and (S (NP-SBJ Kandahar) (VP remains (NP-PRD a major regime base))) .)) (TOP (S (NP-SBJ The resistance) (VP lacks (NP not (ADVP only) (NP (NP air power) , (NP armor) and (NP expertise)) but (ADVP-TMP often) (NP (NP such essentials) (PP as (NP (NP maps) , (NP mine detectors) , or (ADVP even) (NP winter gloves)))))) .)) (TOP (S (NP-SBJ-1 Experienced resistance commanders) (VP wanted (S (NP-SBJ *-1) (VP to (VP use (NP (NP guerrilla action) and (NP siege tactics)) (S-CLR (NP-SBJ *) (VP to (VP wear (PRT down) (NP the regime)))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ they) (VP were (VP pressured (PP by (NP-LGS (NP (NP Pakistan 's) ISI) , (NP (NP the channel) (PP for (NP their support))))) , (PP-CLR into (S-NOM (NP-SBJ *) (VP attacking (NP Jalalabad)))))) .)) (TOP (S (S (NP-SBJ They) (VP took (NP (ADJP (QP more than 25) %) casualties))) ; (S (NP-SBJ journalists) (VP report (SBAR that (S (NP-SBJ they) (VP faced (NP minefields) (PP without (NP mine detectors))))))) .)) (TOP (S (NP-SBJ The wonder) (VP is (SBAR-PRD not (SBAR that (S (NP-SBJ-1 the resistance) (VP has (VP failed (S (NP-SBJ *-1) (VP to (VP topple (NP the Kabul regime)))))))) , but (SBAR that (S (NP-SBJ-2 it) (VP continues (S (NP-SBJ *-2) (VP to (VP exist and fight)))) (ADVP at all))))) .)) (TOP (S (S (NP-TMP Last summer) , (PP in (NP (NP response) (PP to (NP congressional criticism)))) , (NP-SBJ (NP the State Department) and (NP the CIA)) (VP said (SBAR 0 (S (NP-SBJ they) (VP had (VP resumed (NP (NP military aid) (PP to (NP the resistance))) (SBAR-TMP (NP months) after (S (NP-SBJ-3 it) (VP was (VP cut (NP *-3) (PRT off))))))))))) ; but (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP is not (ADJP-PRD clear) (SBAR-2 (SBAR (WHNP-5 how much) (S (NP-SBJ-4 *T*-5) (VP is (VP being (VP sent (NP *-4)))))) or (SBAR (WHADVP-1 when) (S (NP-SBJ it) (VP will (VP arrive (ADVP-TMP *T*-1)))))))) .)) (TOP (S (PP-TMP For (NP months)) (NP-SBJ the resistance) (VP has (VP been (ADJP-PRD defenseless (PP against (NP air attack))))) .)) (TOP (S (ADVP-TMP Thus far) (NP-SBJ there) (VP is (NP-PRD no indication (SBAR that (S (NP-SBJ-1 they) (VP have (VP been (VP re-supplied (NP *-1) (PP-CLR with (NP (NP Stingers) or (NP other anti-aircraft weapons)))))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ U.S. officials) (VP have (VP indicated (PP to (NP the press)) (SBAR that (S (NP-SBJ (NP the continuation) (PP of (NP aid))) (VP depends (PP-CLR on (SBAR (WHNP-1 what success) (S (NP-SBJ the weakened resistance) (VP achieves (NP *T*-1) (PP-TMP by (NP (NP the end) (PP of (NP this year))))))))))))) .)) (TOP (S (NP-SBJ Moscow and Kabul) (VP must (VP have (VP found (S (NP-SBJ that information) (ADJP-PRD useful))))) .)) (TOP (S (PP-TMP For (NP a decade)) (NP-SBJ U.S. policy) (VP has (VP been (ADJP-PRD incoherent) , (PP based (PP on (NP (NP miscalculation) and (NP (NP the defense) (PP of (NP bureaucratic and political turf)))))))) .)) (TOP (S (NP-SBJ (NP No settlement) (VP negotiated (NP *) (PP by (NP-LGS others)))) (VP can (VP force (S (NP-SBJ the Afghan people) (VP to (VP give (PRT up) (NP their struggle)))))) .)) (TOP (S (NP-SBJ (NP A cutoff) (PP of (NP U.S. military aid))) (VP would (VP (ADVP merely) abandon (NP-1 them) (S-CLR (NP-SBJ *-1) (VP to (VP die (PP-MNR in (NP vain))))))) .)) (TOP (S (NP-SBJ (NP Creation) (PP of (NP a new , realistic U.S. policy))) (VP is (ADJP-PRD long overdue)) .)) (TOP (S (NP-SBJ (NP Ms. Klass) , (NP (NP editor and co-author) (PP of (NP `` (NP-TTL (NP Afghanistan) : (NP (NP The Great Game) (VP Revisited (NP *) ))) '' (PRN -LRB- (NP Freedom House) -RRB-)))) ,) (VP directs (NP (NP the Freedom House program) (PP on (NP Afghanistan/Southwest Asia)))) .)) (TOP (S (NP-SBJ Nothing) (VP stirred (NP (NP the soul) (PP of (NP (NP Ronald Reagan) and (NP his disciples)))) (ADVP as much (PP as (NP (NP the crusade (S (NP-SBJ *) (VP to (VP aid (NP (NP Nicaragua 's) Contra rebels))))) , or (NP (NP the dream) (PP of (S-NOM (NP-SBJ *) (VP building (NP a space-based defense shield) (S-PRP (NP-SBJ *) (VP to (VP knock (PRT out) (NP Soviet nuclear missiles)))))))))))) .)) (TOP (S (ADVP Yet) (PP-LOC under (NP (NP (NP Mr. Reagan 's) preferred successor) , (NP President Bush) ,)) (NP-SBJ those two cherished national-security causes) (VP are (VP withering (PP-LOC on (NP the vine)))) .)) (TOP (S And , (ADVP surprisingly) , (NP-SBJ-1 (NP little more) (PP than (NP (NP a whimper) (PP of (NP protest))))) (VP is (VP being (VP heard (NP *-1))) , (SBAR-ADV (ADVP even) though (S (NP-SBJ Reaganauts) (ADVP-TMP once) (VP breathed (NP fire) (S-ADV (NP-SBJ *) (VP supporting (NP (NP the Contras) and (NP the Strategic Defense Initiative)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The programs) (VP have (NP arthritis))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Rep. Henry Hyde) , (NP (NP a conservative Republican) (PP from (NP Illinois)))) .)) (TOP (S (ADVP Yet) (PRN , (S (NP-SBJ he) (VP asserts)) , ``) (S (NP-SBJ you) (VP look (ADVP-CLR around))) ... and (S (NP-SBJ you) (VP say , ` (SBARQ (WHNP-1 Who) (SQ (NP-SBJ *T*-1) (VP are (NP-PRD the leaders))) ?))))) (TOP (SBARQ (WHNP-1 Who) (SQ (NP-SBJ-2 *T*-1) is (VP going (S (NP-SBJ *-2) (VP to (VP carry (NP the water)))))) ? ' '')) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is n't (ADJP-PRD surprising) (SBAR-1 that (S (NP-SBJ President Bush) (VP has n't (VP led (NP a crusade (S (NP-SBJ *) (VP to (VP pump (PRT up) (NP (NP the Contras) or (NP SDI))))))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ he) (VP (ADVP-MNR nominally) supports (NP both programs)))) , (NP-SBJ Mr. Bush) (VP has n't (VP been (NP-PRD (NP a passionate champion) (PP of (NP either cause))) , (SBAR as (S (NP-SBJ Mr. Reagan) (VP was (NP-PRD *?*)))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD surprising)))) (VP is (SBAR-PRD that (S (NP-SBJ there) (VP is n't (NP-PRD (NP more) (PP of (NP a conservative outcry))) (SBAR-TMP as (S (NP-SBJ the Bush administration) (VP lets (S (NP-SBJ the programs) (VP slip (PP-CLR down (NP the national-priority list))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP A combination) (PP of (NP factors))) (PRN -- (NP (NP (NP a weariness) (PP-LOC among (NP some conservatives))) , (NP (NP a decline) (PP-LOC in (NP (NP the perception) (PP of (NP a Soviet threat))))) and (NP (NP a preoccupation) (PP with (NP other issues)))) --)) (VP seem (S (NP-SBJ *-1) (VP to (VP explain (NP the strange tranquility))))) .)) (TOP (S (ADVP Above all) , (ADVP though) , (NP-SBJ (NP conservative Republicans) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP championed (NP both (NP (NP the Contras) and (NP SDI)))))))) (VP are (ADJP-PRD reluctant (S (NP-SBJ *) (VP to (VP attack (NP a Republican president) (PP-PRP for (S-NOM (NP-SBJ-2 *) (VP failing (S (NP-SBJ *-2) (VP to (VP do (NP more))))))))))) -- (SBAR-ADV though (S (NP-SBJ that reluctance) (VP may (VP be (VP receding)))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ-5 We) (VP want (S (NP-SBJ *-5) (VP to (VP complain))))) , (S (NP-SBJ-4 we) (VP want (S (NP-SBJ *-4) (VP to (VP say (NP (NP something) (PP about (NP it)))))))) , and (S (NP-SBJ-3 we) (VP 're (VP going (S (NP-SBJ *-3) (VP to (VP *?*))) (SBAR-TMP as (S (NP-SBJ it) (VP gets (ADJP-PRD worse)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Rep. Dan Burton) , (NP (NP an Indiana Republican) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP been (NP-PRD a staunch Contra backer))))))) .)) (TOP (S `` But (NP-SBJ it) (VP 's (PP-PRD like (S-NOM (NP-SBJ *) (VP kicking (NP your father) (PP-LOC-CLR in (NP the pants)))))) .)) (TOP (S (NP-SBJ-1 You) (VP hate (S (NP-SBJ *-1) (VP to (VP do (NP it)))) (SBAR-PRP because (S (NP-SBJ he) (VP 's (NP-PRD your father))))) . '')) (TOP (S (NP-SBJ Mr. Burton) (VP says (SBAR 0 (S (NP-SBJ (NP (NP conservatives ') unhappiness) (PP with (NP (NP (NP Mr. Bush 's) cautious handling) (PP of (NP (NP the recent unsuccessful coup) (PP-LOC in (NP Panama))))))) (VP will (VP make (S (NP-SBJ them) (ADJP-PRD more willing (S (NP-SBJ *) (VP to (VP speak (PRT out))))))))))) .)) (TOP (S (PP Of (NP course)) , (NP-SBJ neither (NP (NP President Bush) nor (NP the Congress))) (VP has (ADVP actually) (VP abandoned (NP (NP the Contras) or (NP SDI)))) .)) (TOP (S (NP-SBJ Mr. Bush) (VP has (VP struck (NP a deal (S *ICH*-2)) (PP with (NP congressional leaders)) (S-2 (NP-SBJ *) (VP to (VP provide (NP nonlethal aid) (PP-CLR to (NP the Contras)) (SBAR-TMP until (S (NP-SBJ Nicaragua) (VP holds (NP national elections) (NP-TMP next February))))))))) .)) (TOP (S But (NP-SBJ the administration) (VP has (VP dropped (NP any effort (S (NP-SBJ *) (VP to (VP win (NP military aid) (PP for (NP the rebels)))))))) .)) (TOP (S And (NP-SBJ (NP (NP the administration 's) deal) (PP with (NP Congress))) (VP gives (NP several congressional committees) (NP the right (S (NP-SBJ *) (VP to (VP cut (PRT off) (NP even humanitarian aid) (NP-TMP next month))))) , (SBAR-ADV though (S (NP-SBJ the committees) (VP are (ADJP-PRD likely (S (NP-SBJ *) (VP to (VP let (S (NP-SBJ aid) (VP continue (PP-TMP-CLR until (NP February)))))))))))) .)) (TOP (S (NP-SBJ Most analysts) (VP think (SBAR 0 (S (S (NP-SBJ there) (VP 's (NP-PRD little prospect (SBAR 0 (S (NP-SBJ the Contras) (VP can (VP be (NP-PRD a significant fighting force) (PP without (NP U.S. arms))))))))) , and (S (PP-TMP after (NP the February election)) (NP-SBJ (NP their future) (PP in (NP any form))) (VP will (VP be (ADJP-PRD murky) (ADVP at best))))))) .)) (TOP (S (PP Instead of (S-NOM (NP-SBJ *) (VP focusing (PP on (NP the Contras))))) , (NP-SBJ Mr. Bush) (VP has (VP switched (PP-CLR to (S-NOM (NP-SBJ *) (VP urging (NP-1 (NP members) (PP of (NP Congress))) (PRN -- (ADVP most recently (PP-LOC in (NP a White House meeting) (NP-TMP yesterday))) --) (S (NP-SBJ *-1) (VP to (VP approve (NP (NP financing) (PP for (NP (NP the election campaign) (PP of (NP (NP political opponents) (PP of (NP (NP Nicaragua 's) Sandinista government))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 The administration) (VP continues (S (NP-SBJ *-1) (VP to (VP support (NP (NP SDI) , or (NP Star Wars) ,)))))) and (S (NP-SBJ-2 it) (ADVP-TMP recently) (VP lobbied (S (NP-SBJ *-2) (VP to (VP persuade (NP-3 the Senate) (S (NP-SBJ *-3) (VP to (VP restore (NP (NP some) (PP of (NP (NP the funds) (SBAR (WHNP-4 0) (S (NP-SBJ-5 it) (VP planned (S (NP-SBJ *-5) (VP to (VP cut (NP *T*-4) (PP-CLR from (NP the program))))))))))))))))))) .)) (TOP (S And (NP-TMP just last week) , (NP-SBJ Defense Secretary Dick Cheney) (VP gave (NP (NP a strong speech) (VP (VP listing (NP `` (NP compelling reasons) '' (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP push (ADVP-DIR ahead) (PP with (NP SDI)) (ADVP-PRP *T*-1))))))) and (VP saying (SBAR 0 (S (NP-SBJ he) (VP 'd (VP urge (NP-2 President Bush) (S (NP-SBJ *-2) (VP to (VP veto (NP (NP a defense bill) (PP with (NP (NP `` inadequate '' funding) (PP for (NP the program)))))))))))))))) .)) (TOP (S But (NP-SBJ (NP the strong pitch) (PP by (NP Mr. Cheney))) (VP may (VP be (ADJP-PRD (ADJP (ADJP too little) (ADJP too late)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP prevent (NP (NP damage) (PP to (NP SDI)))))))))) .)) (TOP (S (S (NP-SBJ The House) (VP has (ADVP-TMP already) (VP voted (PP-CLR for (NP (NP a deep cut) (PP-LOC in (NP funding))))))) , and (S (PP-TMP in (NP the end)) (NP-SBJ (NP the program 's) backers) (VP will (VP be (ADJP-PRD hard pressed (S (NP-SBJ *) (VP to (VP head (PRT off) (NP (NP some reduction) (PP-LOC in (NP spending))) (NP-TMP next year)))))))) .)) (TOP (S And (SBAR-ADV while (S (NP-SBJ the defense secretary) (VP is (VP speaking out)))) , (NP-SBJ President Bush himself) (VP has n't (VP launched (NP any high-visibility campaign (S (NP-SBJ *) (VP to (VP drum (PRT up) (NP support))))) , (SBAR as (S (NP-SBJ President Reagan) (VP did (VP *?*)))))) .)) (TOP (S (NP-SBJ The administration) (ADVP also) (VP acknowledges (SBAR that (S (NP-SBJ it) (VP is n't (VP pursuing (NP (NP (NP (NP Mr. Reagan 's) original vision) (PP of (NP (NP an `` impenetrable shield '') (VP protecting (NP the whole U.S.))))) , (CONJP but rather) (NP a (ADJP more modest) version))))))) .)) (TOP (S (S (NP-SBJ *-2) (ADJP-PRD More ominous (PP to (NP SDI supporters)))) , (NP-SBJ-2 the Bush administration) (VP appears (S (NP-SBJ *-2) (VP to (VP have (VP (ADVP-MNR tacitly) accepted (NP (NP a new arms-control proposal) (PP from (NP the Soviet Union)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP spells (NP (NP long-term trouble) (PP for (NP Star Wars)))))))))))) .)) (TOP (S (NP-SBJ-1 The Soviets) (VP have (VP agreed (S (NP-SBJ *-1) (VP to (VP complete (NP (NP a treaty) (VP cutting (NP strategic weapons) (PP without (S-NOM (NP-SBJ *) (VP including (NP (NP restrictions) (PP-LOC on (NP space-based defenses))))))))))))) .)) (TOP (S But (NP-SBJ the Soviets) (ADVP also) (VP are (VP insisting (SBAR that (S (NP-SBJ they) (VP will (VP reserve (NP the right (S (NP-SBJ *) (VP to (VP withdraw (PP-CLR from (NP the completed strategic-arms treaty)) (ADVP-TMP later on) (SBAR-ADV if (S (NP-SBJ the U.S.) (VP does (NP (NP SDI testing or deployment) (SBAR (WHNP-1 that) (S (NP-SBJ the Soviets) (VP think (SBAR 0 (S (NP-SBJ *T*-1) (VP violates (NP the existing anti-ballistic-missile treaty))))))))))))))))))))) .)) (TOP (S (NP-SBJ It) (VP will (VP be (ADJP-PRD hard (S *ICH*-1)) (PP-TMP down (NP the road)) (S-1 (NP-SBJ *) (VP to (VP persuade (NP-2 Congress) (S (NP-SBJ *-2) (VP to (VP approve (NP (NP money) (PP for (NP SDI plans))))))))) (SBAR-ADV if (S (NP-SBJ lawmakers) (VP fear (SBAR 0 (S (NP-SBJ those plans) (VP could (VP scuttle (NP a completed treaty)))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ (NP Frank Gaffney) , (NP (NP a former Reagan Pentagon aide) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP now) (VP heads (NP (NP the Center) (PP for (NP Security Policy))))))) ,) (VP charges (SBAR that (S (NP-SBJ (NP (NP the administration 's) `` professions) (PP of (NP (NP continued commitment) (PP to (NP (NP development and deployment) (PP of (NP the SDI program))))))) (VP strain (NP credulity))))) . '')) (TOP (S (ADVP Still) , (NP-SBJ proponents) (VP may (VP be (VP shying (ADVP-DIR away) (PP from (NP more drumbeating)) (SBAR-PRP because (S (NP-SBJ they) (VP sense (SBAR 0 (S (NP-SBJ political tides) (VP have (VP turned (PP-CLR against (S-NOM (NP-SBJ *) (VP (VP arming (NP the Nicaraguan rebels)) or (VP boosting (NP (NP spending) (PP on (NP SDI))))))))) -- (SBAR-TMP (ADVP particularly) (WHADVP-1 when) (S (NP-SBJ the public) (VP perceives (SBAR 0 (S (NP-SBJ the Soviet threat) (VP is (VP declining (PP-LOC under (NP Mikhail Gorbachev)))))) (ADVP-TMP *T*-1)))))))))))) .)) (TOP (S (PP In (NP fact)) , (SBAR-PRP because (S (NP-SBJ-1 communism) (VP seems (S (NP-SBJ *-1) (VP to (VP be (VP beating (NP a global retreat)))))))) , (NP-SBJ some conservatives) (VP may (VP (ADVP simply) be (ADJP-PRD (ADJP so pleased (SBAR that (S (NP-SBJ their anti-communist philosophy) (VP is (VP prevailing))))) (SBAR that (S (NP-SBJ they) (VP do n't (VP have (NP (NP the fire)) (PP-TMP at (NP the moment)) (S-PRP (NP-SBJ *) (VP to (VP push (NP controversial programs))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The short) (PP of (NP it))) (VP is (SBAR-PRD that (S (NP-SBJ (NP the (ADJP most hard-bitten)) (PP-LOC among (NP us))) (VP can not (VP get (PP-CLR into (NP (ADJP too sour) a mood)))) (PP with (S-NOM (NP-SBJ communism) (VP collapsing))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mitchell Daniels) , (NP (NP a former Reagan White House aide) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP now) (VP is (NP-PRD (NP president) (PP of (NP the Hudson Institute)))))))) .)) (TOP (S (NP-SBJ-1 Some activists) (VP are (VP toiling (S (NP-SBJ *-1) (VP to (VP raise (NP (NP the profile) (PP of (NP the two causes)))))))) .)) (TOP (S But (NP-SBJ they) (VP say (SBAR 0 (S (NP-SBJ they) (VP ca n't (VP make (NP much headway) (PP-PRP because of (NP (NP a lack) (PP of (NP (NP willing leaders) (PP-LOC in (NP (NP a position) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP turn (NP-PRD the tide) (ADVP-LOC *T*-1)))))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP One longtime champion) (PP of (NP these programs)) (PP-LOC in (NP Congress)) , (NP Republican whip (NAC Newt Gingrich (PP of (NP Georgia)))) ,) (VP is (VP distracted (NP *-1) (PP by (NP-LGS (NP questions) (PP about (NP his ethics))))))) , (NP-SBJ conservatives) (VP note (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Other conservative champions) , (PP like (NP (NP Wyoming Republican Sen. (NP Malcolm Wallop)) , (NP a longtime SDI advocate) ,))) (VP do n't (VP have (NP (NP the clout) (PP with (NP the Bush White House)) (SBAR (WHNP-1 that) (S (NP-SBJ they) (VP enjoyed (NP *T*-1) (PP with (NP President Reagan)))))))) .)) (TOP (S (PP Above (NP all)) , (ADVP though) , (NP-SBJ proponents) (VP say (SBAR 0 (S (NP-SBJ-1 neither the Contra nor the SDI cause) (VP can (VP be (VP pushed (NP *-1) (ADVP-CLR much further) (PP without (NP more presidential support)))))))) .)) (TOP (SINV `` (S-TPC-2 (SBAR For (S (NP-SBJ there) (VP to (VP be (NP-PRD (NP wind) (PP-LOC in (NP (NP the sails) (PP of (NP any program))))))))) , (NP-SBJ-1 the chief executive) (VP has (S (NP-SBJ *-1) (VP to (VP be (VP blowing (PP-LOC-CLR in (NP the sails)))))))) , '' (VP says (S *T*-2)) (NP-SBJ Rep. Burton) .)) (TOP (S (NP-SBJ All this) (VP causes (S (NP-SBJ Rep. Hyde) (VP to (VP muse (PP-CLR about (NP (NP an alternate way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP drum (PRT up) (NP more enthusiasm) (ADVP-MNR *T*-1))))))))))) .)) (TOP (S `` (S (SBAR-NOM-SBJ (WHNP-3 What) (S (NP-SBJ-1 I) (VP 'd (VP like (S (NP-SBJ *-1) (VP to (VP see (NP *T*-3)))))))) , (SBAR-ADV if (S (NP-SBJ he) (VP is (PP-PRD up (PP to (NP it)))))) , (VP is (SBAR-PRD for (S (NP-SBJ-2 Reagan) (VP to (VP take (PP-CLR to (NP the hustings)) (S-PRP (NP-SBJ *-2) (VP to (VP regenerate (NP (NP enthusiasm) (PP for (NP SDI)))))))))))) , '' (NP-SBJ the congressman) (VP says) .)) (TOP (S (NP-SBJ We) (VP 're (ADJP-PRD sorry (S (NP-SBJ *) (VP to (VP report (SBAR that (S (PP-TMP on (NP Monday)) (NP-SBJ President Bush) (VP accepted (NP (NP the resignation) (PP of (NP William Allen)) (PP as (NP (NP chairman) (PP of (NP the U.S. Civil Rights Commission))))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Allen) , (VP appointed (NP *) (PP by (NP-LGS President Reagan))) ,) (VP grew (ADJP understandably tired (PP of (S-NOM (NP-SBJ *) (VP dealing (PP-CLR with (NP (NP the guerrilla tactics) (PP of (NP his enemies))))))))) .)) (TOP (S (NP-SBJ (NP His recent speech) , (VP (ADVP-MNR provocatively) titled `` (NP-TTL (NP Blacks) ? (NP Animals) ? (NP Homosexuals) ? (SBARQ (WHNP-1 What) (SQ (NP-SBJ *T*-1) (VP is (NP-PRD a Minority))) ?)) '')) (VP caused (NP an uproar) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ its title) (VP leaked (ADVP out) (ADVP-TMP *T*-2))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Allen 's) commissioners) (VP voted (S (NP-SBJ *-1) (VP to (VP call (S (NP-SBJ his unread speech) `` (ADJP-PRD (ADJP thoughtless) , (ADJP disgusting) and (ADJP unnecessarily inflammatory))))))) . '')) (TOP (S (NP-SBJ Commissioner Mary Francis Berry) (VP said (SBAR 0 (S (NP-SBJ it) (VP was `` (NP-PRD (NP another sad episode) (PP-LOC in (NP (NP the saga) (PP of (NP (NP the unguided missile) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (NP-PRD chairman))))))))))))) . '')) (TOP (S (NP-SBJ (NP Rep. Don Edwards) , (NP the California Democrat)) , (VP warned (NP Mr. Allen) (SBAR that (S (NP-SBJ the speech) (VP would (VP be `` (PP-PRD outside (NP (NP the scope) (PP of (NP (NP the commission 's) jurisdiction))))))))) . '')) (TOP (S (NP-SBJ (NP Thomas Stoddard) , (NP (NP head) (PP of (NP the Lambda Legal Defense Fund))) ,) (VP called (S (NP-SBJ (NP the prospect) (PP of (NP the speech))) `` (ADJP-PRD frankly shocking))) . '')) (TOP (S (NP-SBJ We) (VP 've (ADVP actually) (VP read (NP the speech))) .)) (TOP (S (NP-SBJ Mr. Allen) (VP began (NP it) (PP with (NP (NP a warning) (PP to (NP (NP his hosts) , (NP (NP a California church group) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP opposes (NP (NP rights) (PP for (NP homosexuals)))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR (SBAR that (S (NP-SBJ (NP other participants) (PP-LOC in (NP the conference))) `` (VP do not (VP believe (SBAR that (S (NP-SBJ-1 (NP the rights) (PP of (NP Americans))) (VP should (VP be (VP guaranteed (NP *-1) (PP-DTV to (NP (NP citizens) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP are (ADJP-PRD homosexual))))))))))))))) , '' but (SBAR that `` (S (NP-SBJ-3 I) (VP mean (S (NP-SBJ *-3) (VP to (VP persuade (NP you) (PP to (NP the opposite view)))))))))) . '')) (TOP (S (NP-SBJ He) (VP recalled (PP-CLR to (NP the audience)) (NP (NP a `` strange , infelicitous '' analogy) (SBAR (WHNP-1 0) (S (NP-SBJ he) (ADVP-TMP once) (VP heard (NP *T*-1))))) (S-ADV (NP-SBJ *) (VP arguing `` (SBAR 0 (S (SBAR-ADV (ADVP-TMP now) that (S (NP-SBJ we) (VP have (ADVP-TMP finally) (VP recognized (SBAR that (S (NP-SBJ American blacks) (VP have (NP rights)))))))) , (NP-SBJ-2 we) (VP need (S (NP-SBJ *-2) (VP to (VP do (NP the same) (PP-CLR for (NP animals))))))))))) .)) (TOP (S '' (NP-SBJ Mr. Allen) (VP objected (PP-CLR to (NP this analogy)) (SBAR-PRP because (S (NP-SBJ-1 it) (VP seems (S (NP-SBJ *-1) (VP to `` (VP assimilate (NP (NP the status) (PP of (NP blacks))) (PP to (NP (NP that) (PP of (NP animals)))) -- (PP as (NP (NP a mere project) (PP (PP of (NP charity)) , (PP of (NP humaneness)))))))))))) . '')) (TOP (S-2 (NP-SBJ (NP Rights) (PP on (NP such a basis)) (PRN , (SBAR whether (FRAG (PP for (NP blacks or homosexuals)))) ,)) (VP are `` (NP-PRD (NP mere indulgences) (PRN , '' (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) (ADJP subject (PP to (S-NOM (NP-SBJ-1 *) (VP being (VP taken (NP *-1) (PRT back)))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ-1 (NP the title) (PP of (NP his speech))) (VP was (S (NP-SBJ *-1) (VP to (VP make (NP his point (SBAR that (S (NP-SBJ Americans) (VP have (NP rights) (PP (PP as (NP individuals)) , not (PP as (NP (NP members) (PP of (NP certain select groups)))))))))))))))) .)) (TOP (S (NP-SBJ His speech) (VP criticized (NP (NP the `` idiocy) (PP of (NP (NP notions) (PP of (NP (NP protected groups) (PP-LOC in (NP society)) '' (SBAR as (S (NP-SBJ *) (VP opposed (PP to (UCP (NP individual equality) or (PRN , (SBAR as (S (NP-SBJ he) (VP put (NP it)))) ,) (PP in `` (NP (NP a common destiny) (PP as (NP Americans))))))))))))))) . '')) (TOP (S (PP Instead of (S-NOM (NP-SBJ *) (VP lobbying (PP-CLR for (NP special treatment))))) , (NP-SBJ Mr. Allen) (VP said (SBAR that (S (NP-SBJ-2 homosexuals and others) (VP should (VP (VP try (S (NP-SBJ *-2) (VP to (VP (VP ensure (NP (NP equal treatment) (PP-LOC under (NP the law)))))))) and not (VP aim (PP-CLR for (NP (NP special privileges) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP risk `` (NP (NP invidious retrenchment) (PP with (NP government complicity))))))))))))))) . '')) (TOP (S (NP-SBJ This) (ADVP hardly) (VP sounds (PP-CLR like (NP an anti-homosexual screed))) .)) (TOP (SBARQ (WHNP-1 What) (SQ (NP-SBJ *T*-1) 's (ADVP really) (VP going (PRT on) (ADVP-LOC here))) ?)) (TOP (S (NP-SBJ (NP The three (ADJP most important) things) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP understand (NP *T*-1) (PP about (NP Mr. Allen))))))) (VP is (SBAR-PRD that (S (NP-SBJ he) (VP is (NP-PRD (NP a black conservative intellectual) -- (NP (NP a triple threat) (PP to (NP the liberal establishment)))))))) .)) (TOP (S (NP-SBJ-2 (NP Mr. Allen) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP teaches (NP government) (PP-LOC at (NP (NP prestigious Harvey Mudd College) (PP-LOC in (NP California))))) and (VP will (VP remain (NP-PRD (NP a member) (PP of (NP the commission)))))))) ,) (VP has (VP spent (NP years) (S-ADV (NP-SBJ *-2) (VP arguing (SBAR that (S (NP-SBJ civil rights) (VP are (NP-PRD (NP individuals ') rights)))))))) .)) (TOP (S (NP-SBJ He) (ADVP-TMP last) (VP made (NP waves) (SBAR-TMP (WHADVP when) (S (NP-SBJ-3 he) (VP dared (S (NP-SBJ *-3) (VP to (VP defend (NP (NP an Indian girl) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP had (VP been (VP adopted (NP *-1) (PP by (NP-LGS non-Indian parents)) (PP off (NP her reservation))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Allen) (VP (ADVP-MNR quickly) ran (ADVP-CLR up (PP against (NP (NP the liberal establishment) (SBAR *ICH*-1)))) (ADVP again) , (SBAR-1 (WHNP-3 which) (S (NP-SBJ *T*-3) (ADVP somehow) (VP elevated (NP (NP the vague concept) (PP of `` (NP Indian rights) '')) (PP-CLR above (NP (NP the rights) (PP of (NP individual Indians)))))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP a huge divide) (PP-LOC between (NP (NP (NP Mr. Allen 's) we're-all-in-this-together view) and (NP (NP the divisive litigation approach) (PP of (NP the civil rights groups))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ the gap) (VP is (ADJP-PRD (ADJP so large) (SBAR that (S (NP-SBJ-1 (NP Mr. Allen 's) critics) (VP refuse (S (NP-SBJ *-1) (VP to (VP engage (NP the debate))))))))) .)) (TOP (S (NP-SBJ (NP Their ridicule) (PP of (NP him))) (VP is (NP-PRD (NP no substitute) (PP for (NP argument)))) .)) (TOP (S (NP-SBJ Their effort (S (NP-SBJ *) (VP to (VP run (NP him) (ADVP-CLR out (PP of (NP Washington))))))) (VP is (NP-PRD (NP an embarrassment) (PP to (NP (NP the original purpose) (PP of (NP their own movement)))))) .)) (TOP (S (NP-SBJ We) (VP hope (SBAR 0 (S (NP-SBJ (NP the next head) (PP of (NP the Civil Rights Commission))) (VP will (VP be (ADJP-PRD as brave (PP as (NP Mr. Allen))) (PP in (S-NOM (NP-SBJ *) (VP making (NP (NP the case) (PP for (NP (NP equality) (PP of (NP civil rights))))))))))))) .)) (TOP (S (NP-SBJ Bearings Inc.) (VP said (SBAR 0 (S (NP-SBJ (NP its chairman) , (NP John R. Cunin) ,) (VP will (VP retire (PP-CLR as (NP (NP an officer) (PP of (NP the company)))) (PP-TMP on (NP Jan. 2))))))) .)) (TOP (S (NP-SBJ (NP George L. LaMore) , (NP (NP president) and (NP chief executive officer)) ,) (VP will (VP become (NP-PRD (NP chairman) and (NP chief executive)) (PP-TMP upon (NP (NP Mr. Cunin 's) retirement)))) .)) (TOP (S (NP-SBJ (NP John C. Dannemiller) , (NP (NP executive vice president) and (NP chief operating officer)) ,) (VP will (VP become (NP-PRD (NP president) and (NP chief operating officer)))) .)) (TOP (S (NP-SBJ (NP Mr. Cunin) , (ADJP (NP 65 years) old) ,) (VP was (NP-PRD (NP chief executive) (PP of (NP (NP the distributor) (PP of (NP (NP bearings) and (NP power-transmission products)))))) (PP-TMP (PP from (NP 1982)) (PP to (NP 1988)))) .)) (TOP (S (NP-SBJ He) (VP will (VP continue (PP-CLR as (NP a director)))) .)) (TOP (S (NP-SBJ (NP Mr. LaMore) , (NP 63) , (NP (NP a 48-year veteran) (PP-LOC at (NP Bearings))) ,) (VP has (VP been (NP-PRD president) (PP-TMP since (NP 1983)))) .)) (TOP (S (NP-SBJ (NP Mr. Dannemiller) , (NP 51) ,) (VP joined (NP Bearings) (PP-TMP in (NP August 1988)) (PP from (NP (NP Leaseway Transportation Corp.) , (SBAR (WHADVP-1 where) (S (NP-SBJ he) (VP was (NP-PRD (NP president) and (NP chief operating officer)) (ADVP-LOC *T*-1))))))) .)) (TOP (S (NP-SBJ He) (VP has (VP been (NP-PRD a Bearings director) (PP-TMP since (NP 1985)))) .)) (TOP (S (NP-SBJ The appointments) (VP are (NP-PRD (NP part) (PP of (NP (NP a planned succession) (PP-LOC at (NP the company)))))) .)) (TOP (S (NP-SBJ Soviet leader Mikhail Gorbachev) (VP (VP opened (NP a major U.S. trade exhibition) (PP-LOC in (NP Moscow))) and (VP spent (NP two hours) (S-ADV (NP-SBJ *) (VP touring (NP (NP some) (PP of (NP (NP the 150 stalls) (VP representing (NP (NP such blue-chip companies) (PP as (NP (NP General Motors Corp.) , (NP International Business Machines Corp.) and (NP Johnson & Johnson)))))))))))) .)) (TOP (S (PP-LOC At (NP the Archer-Daniels-Midland Co. stand)) , (NP-SBJ (NP Mrs. Nelson Rockefeller) , (NP a board member) ,) (VP offered (NP him) (NP a soy burger)) .)) (TOP (S (NP-SBJ He) (VP did n't (VP bite)) .)) (TOP (S (NP-SBJ (NP The exhibition) (PP by (NP the U.S.-U.S.S.R. Trade and Economic Council))) (VP underscores (NP (NP the growing U.S. interest) (PP-LOC in (NP (NP that nation 's) market))) , (SBAR-ADV though (S (NP-SBJ (NP trade) (PP between (NP the two countries))) (VP is (NP-PRD a minuscule (QP $ 3 billion) *U*))))) .)) (TOP (S (NP-SBJ (NP The Soviet president) and (NP (NP his prime minister) , (NP Nikolai Ryzhkov) ,)) (VP spent (NP (NP the longest time) , (NP (QP about 15) minutes)) , (PP-LOC at (NP (NP the IBM stand) , (SBAR (WHADVP-1 where) (S (NP-SBJ they) (VP got (NP souvenir computer-chip key rings) (ADVP-LOC *T*-1))))))) .)) (TOP (S (PP-LOC At (NP the GM stall)) , (NP-SBJ they) (ADVP barely) (VP looked (PP-CLR at (NP a gleaming Cadillac)) , (S-ADV (NP-SBJ-1 *) (VP preferring (S (NP-SBJ *-1) (VP to (VP talk (PP-CLR about (NP cooperation possibilities)))))))) .)) (TOP (S (PP-LOC In (NP Beijing)) , (ADVP-TMP meantime) , (S (NP-SBJ China) (VP opened (NP an international aviation show))) , but (S (NP-SBJ (NP (NP (NP the West 's) embargo) (PP-LOC on (NP military deals))) and (NP (NP uncertainty) (PP about (NP (NP the nation 's) stability)))) (VP kept (NP many foreign exhibitors) (ADVP-CLR away))) .)) (TOP (S (NP-SBJ Officials) (VP said (SBAR 0 (S (NP-SBJ (NP (NP 91 companies) (PP from (NP (NP 14 countries) , (PP including (NP the U.S.)) ,)))) (VP had (NP displays) , (ADVP down (PP from (NP (NP about 260 firms) (PP from (NP (QP more than 20) countries))) (PP at (NP the last show in)))))))))) (TOP (S (NP-SBJ-1 Japanese air-conditioner maker Daikin Industries Ltd.) (VP was (VP fined (NP *-1) (NP (NP two million yen) (PRN -LRB- (NP $ 14,000 *U*) -RRB-)) (PP-PRP for (S-NOM (NP-SBJ *) (VP exporting (PP-CLR to (NP the Soviet Union)) (NP (NP a chemical solution) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP could (VP be (VP used (NP *-2) (PP-LOC-CLR in (NP missile-guidance systems))))))))))))) .)) (TOP (S (NP-SBJ (NP A Daikin executive) (PP in (NP (NP charge) (PP of (NP exports)))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 the high-purity halogenated hydrocarbon) (VP was (VP sold (NP *-1) (PP-DTV to (NP the Soviets)) (PP-TMP in (NP 1986)) (ADVP-TMP *T*-2)))))) (VP received (NP a suspended 10-month jail sentence)) .)) (TOP (S (NP-SBJ Judge Masaaki Yoneyama) (VP told (NP the Osaka District Court) (SBAR 0 (S (NP-SBJ (NP Daikin 's) `` responsibility) (VP is (ADJP-PRD heavy) (SBAR-PRP because (S (NP-SBJ illegal exports) (VP lowered (NP (NP international trust) (PP-LOC in (NP Japan)))))))))) . '')) (TOP (S (NP-SBJ-1 (NP Sale) (PP of (NP (NP the solution) (PP in (NP concentrated form)))) (PP to (NP Communist countries))) (VP is (VP prohibited (NP *-1) (PP-LGS (PP by (NP Japanese law)) and (PP by (NP international agreement))))) .)) (TOP (S (NP-SBJ A Soviet legislative panel) (VP rejected (PP-CLR as (ADJP not radical enough)) (NP (NP a government proposal) (PP on (S-NOM (NP-SBJ *) (VP decentralizing (NP economic control)))))) .)) (TOP (S (NP-SBJ The newspaper Leninskoye Zamya) (VP said (SBAR 0 (S (NP-SBJ the committee) (VP decided (SBAR 0 (S (NP-SBJ the plan (S (NP-SBJ *) (VP to (VP parcel (PRT out) (NP (NP economic powers) (VP (ADVP-TMP previously) exercised (NP *) (PP by (NP-LGS Moscow)))) (PP-CLR to (NP (NP the country 's) 15 republics)))))) `` (VP does n't (VP reflect (NP (NP the radical changes) (PP-LOC in (NP the Soviet federation))))))))))) . '')) (TOP (S (NP-SBJ The committee) (VP gave (NP the government) (PP-TMP-CLR until (NP Nov. 15)) (S (NP-SBJ *) (VP to (VP revise (NP the proposal))))) .)) (TOP (S (NP-SBJ The move) (VP reflected (NP (NP the growing confidence) (PP of (NP the revamped Supreme Soviet)))) .)) (TOP (S (NP-SBJ Scott Paper Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP abandoning (NP (NP a proposed (ADJP (QP $ 650 million) *U*) tree-farming project) (PP-LOC in (NP Indonesia))) (SBAR-PRP because (S (NP-SBJ-1 it) (ADVP no longer) (VP expects (S (NP-SBJ *-1) (VP to (VP use (NP (NP as much eucalyptus pulp) (SBAR as (S (NP-SBJ *) (VP (ADVP-TMP previously) anticipated))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The eucalyptus plantation and pulp mill) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP would (VP have (VP covered (NP (NP about 175,000 acres) (PP-LOC in (NP the Irian Jaya region)))))))) ,) (VP had (VP been (VP approved (NP *-1) (PP by (NP-LGS (NP Indonesia 's) investment board))))) .)) (TOP (S But (NP-SBJ-1 it) (VP was (VP opposed (NP *-1) (PP by (NP-LGS some environmentalists)) (PP-CLR as (NP (NP (NP a threat) (PP to (NP (NP Irian Jaya 's) forests))) and (NP (NP a potential source) (PP of (NP social unrest)) (PP for (NP (NP the primitive tribes) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP inhabit (NP them))))))))))) .)) (TOP (S (NP-SBJ (NP Yaohan Departmentstore Co.) (PP of (NP Japan))) (VP is (VP moving (NP (NP its international-operations headquarters) and (NP holding company)) (PP-DIR to (NP Hong Kong)) (S-PRP (NP-SBJ *) (VP to (VP gain (PP from (NP (NP the British colony 's) economic advantages and tax structure))))))) .)) (TOP (S (PP With (NP (NP funds) (PP of (NP (NP (QP 5.56 billion) Hong Kong dollars) (PRN -LRB- (NP US$ 712 million *U*) -RRB-))))) , (NP-SBJ-1 (NP the new company) , (NP Yaohan International Co.) ,) (VP plans (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP 10) (PP of (NP (NP Hong Kong 's) top restaurants))))))) .)) (TOP (S (NP-SBJ-1 It) (VP (ADVP also) intends (S (S (NP-SBJ *-1) (VP to (VP set (PRT up) (NP an international wholesale market) (PP with (NP the Singapore government)) (NP-TMP next May)))) and (S (NP-SBJ *-1) (VP to (VP open (NP (NP (NP a department store) (PP-LOC in (NP Bangkok))) and (NP (NP shopping centers) (PP in (NP Malaysia , Taiwan , Canada , Chicago and Seattle)))) (PP-TMP by (NP December 1990))))))) .)) (TOP (S (NP-SBJ The chain) (VP (VP (ADVP-TMP currently) has (NP-1 90 retail outlets) (PP-LOC-2 in (NP Japan))) , (VP (NP=1 seven) (PP-LOC=2 in (NP the U.S.))) , (VP (NP=1 three) (PP-LOC=2 in (NP Hong Kong))) and (VP (NP=1 (NP a dozen) more) (ADJP-LOC=2 scattered (PP around (NP the globe))))) .)) (TOP (S (NP-SBJ Major European auction houses) (VP are (VP turning (ADVP increasingly) (PP-DIR to (NP specialized sales)))) .)) (TOP (S (NP-SBJ (NP Christie 's)) (VP will (ADVP-TMP soon) (VP have (NP (NP a sale) (PP of (NP Dada and Symbolist art))) (SBAR-ADV while (S (NP-SBJ (NP Sotheby 's)) (VP is (VP luring (NP collectors) (PP with (NP (NP sales) (PP of (NP (ADJP Swiss , German , Spanish , Australian and Canadian) paintings)))))))))) .)) (TOP (S (PP-LOC In (NP Brussels)) , (NP-SBJ Hotel de Ventes Horta) (VP auctioned (NP (NP pistols and sabers) - (ADVP along (PP with (NP paintings and jewels))))) .)) (TOP (S (NP-SBJ (NP Berlin 's) Villa Grisebach) (VP will (VP auction (NP (NP art works) (PP with (NP (NP pre-sale estimates) (PP of (NP (QP less than $ 1,600) *U*))))) (PP-TMP on (NP Nov. 25)))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ (NP The auction house) , (VP known (NP *) (PP-CLR for (NP (NP its sales) (PP of (NP top-drawer (ADJP 19th and 20th) century works))))) ,) (VP is (VP providing `` (NP (NP a service) (PP to (NP (NP clients) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP do n't (VP want (S (NP-SBJ *-2) (VP to (VP sell (NP just their fabulous oil paintings)))))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Villa Grisebach 's) Vivien Reuter) .)) (TOP (S (NP-SBJ Antwerp auctioneer Campo) (VP is (ADJP-PRD (ADJP less concerned (PP with (NP market niches))) (ADVP than (PP with (NP (NP Belgium 's) crushing tax and auction-fee burden))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Everything) (VP has (S (NP-SBJ *) (VP to (VP be (NP-PRD the same) (PP between (NP countries))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP (NP Campo 's) Stefan Campo) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP asking (NP-3 clients) (S (NP-SBJ *-3) (VP to (VP sign (NP protest petitions))))))))) .)) (TOP (S `` (ADVP-TMP Then) (NP-SBJ there) (VP 'll (VP be (NP-PRD fair competition))) . '')) (TOP (S (S-TPC-1 (NP-SBJ (S (NP-SBJ *) (VP Ending (NP (NP tax-free shopping) (PP-LOC in (NP the European Community))) (PP-TMP after (NP 1992))))) (VP could (VP threaten (NP (QP more than 3,000) jobs)))) , (NP-SBJ the International Duty Free Confederation) (VP said (S *T*-1)) .)) (TOP (S (PP Instead of (S-NOM (NP-SBJ *) (VP banning (NP such shopping)))) , (NP-SBJ the confederation) (VP proposed (S (NP-SBJ *) (VP amending (NP controls) (S-PRP (NP-SBJ *) (VP to (VP be (ADJP-PRD sure (SBAR 0 (S (NP-SBJ-1 the privilege) (VP is n't (VP abused (NP *-1)))))))))))) ... .)) (TOP (S (NP-SBJ British and Argentine diplomats) (VP opened (NP (NP talks) (VP *ICH*-1)) (PP-LOC in (NP Madrid)) (VP-1 aimed (NP *) (PP-CLR at (S-NOM (NP-SBJ *) (VP restoring (NP (NP ties) (VP severed (NP *) (PP-PRP because of (NP (NP their 1982 war) (PP over (NP the Falkland Islands))))))))))) .)) (TOP (S (NP-SBJ (NP Britain 's) U.N. representative and delegation head Crispin Tickell) (VP called (S (NP-SBJ the first meeting) `` (ADJP-PRD good , interesting and businesslike))) .)) (TOP (S (NP-SBJ (NP Polaroid Corp.) , (VP benefiting (PP-CLR from (NP staff-reduction savings))) ,) (VP reported (NP (NP (NP a strong gain) (PP-LOC in (NP third-quarter operating results))) and (NP (NP net income) (PP of (NP (NP (QP $ 29.9 million) *U*) , or (NP (NP 40 cents) (NP-ADV a share))))) , (PP-TMP after (NP preferred-stock requirements)))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ the numbers) (VP were (ADJP-PRD (ADJP better) (PP than (NP expectations))) , (PP-PRP (ADVP partly) because of (NP (NP strong profit margins) and (NP a positive foreign-currency translation))))))) .)) (TOP (S (ADVP However) , (NP-SBJ they) (VP said (SBAR 0 (S (NP-SBJ (NP the company 's) flat revenue) (VP was (NP-PRD (NP a disappointment) , and (NP an indication (SBAR that (S (NP-SBJ (NP sales) (PP of (NP (NP Polaroid 's) new conventional film)) (PP-LOC in (NP the U.S.))) (VP have (VP been (ADJP-PRD sluggish))))))))))) .)) (TOP (S (NP-SBJ (NP Revenue) (PP-TMP in (NP the third quarter))) (VP was (NP-PRD (NP (QP $ 437.7 million) *U*) , (ADJP almost unchanged (PP from (NP (NP (QP $ 436.3 million) *U*) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ Polaroid) (VP reported (NP (NP operating profit) (PP before (NP (NP taxes) and (NP interest costs))) (PP of (NP (NP (NP (QP $ 63.1 million) *U*) (PP for (NP the third quarter))) , (NP (QP more than double) the year-before (QP $ 24 million) *U*))))) .)) (TOP (S (NP-SBJ (NP Charges) (PP for (NP (NP staff cuts) and (NP other restructuring)))) (VP produced (NP (NP a net loss) (PP of (NP (NP (QP $ 54.1 million) *U*) , or (NP (NP 77 cents) (NP-ADV a share))))) , (PP-TMP in (NP (NP 1988 's) third quarter))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP 'm (ADJP-PRD somewhat skeptical (PP about (NP (NP the underlying demand '') (PP for (NP Polaroid products))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Michael Ellmann) , (NP (NP an analyst) (PP with (NP Wertheim Schroder & Co)))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ you) (VP believe (SBAR that (S (NP-SBJ (NP a good performance) (NP-TMP next year)) (VP is (ADJP-PRD contingent (PP on (NP (NP an acceleration) (PP of (NP revenue))))))))))) , (NP-SBJ there) (VP is n't (NP-PRD (NP a lot) (ADVP-LOC here) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP base (NP optimism) (PP on (NP *T*-1)))))))) . '')) (TOP (S (NP-SBJ (NP Alex Henderson) , (NP (NP an analyst) (PP with (NP Prudential-Bache))) ,) (VP says (SBAR 0 (S (NP-SBJ Polaroid officials) (VP told (NP him) (NP-TMP yesterday) (SBAR that (S (NP-SBJ (NP U.S. sales) (PP of (NP (NP (NP the company 's) new conventional film product) , (VP introduced (NP *) (PP-TMP in (NP the second quarter)))))) , (VP have (VP been (ADJP-PRD `` disappointing '') (PP-TMP after (NP a promising start)))))))))) .)) (TOP (S (NP-SBJ (NP Sam Yanes) , (NP a Polaroid spokesman) ,) (VP (VP said (SBAR 0 `` (S (NP-SBJ I) (VP do n't (VP know (PP about (FRAG disappointing))))))) , '' but (VP added (SBAR that (S (NP-SBJ the company) (VP has n't (VP been (ADJP-PRD able (S (NP-SBJ *) (VP to (VP get (NP the product) (PP-CLR on (NP (NP the shelves) (PP of (NP (NP some mass-merchandise , discount retailers) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP had (VP hoped (SBAR 0 (S (NP-SBJ *T*-1) (VP would (VP be (VP carrying (NP the product) (ADVP-TMP already)))))))))))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Yanes) (VP said (SBAR 0 (S (NP-SBJ (NP the film) , (NP-TTL One Film) ,) (VP is (ADVP-TMP currently) (VP carried (PP-LOC at (NP (NP (QP about 15,000) retail outlets) , (PP including (NP drugstores and supermarkets))))))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ Polaroid) (VP reported (NP (NP earnings) (PP of (NP (NP (QP $ 98.5 million) *U*) , or (NP (NP $ 1.27 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ the company) (VP had (NP (NP a nine-month loss) (PP of (NP (NP (QP $ 15.1 million) *U*) , or (NP (NP 23 cents) (NP-ADV a share)))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Polaroid) (VP closed (PP-CLR at (NP $ 47 *U*)) , (ADVP up (NP $ 1.125 *U*))) .)) (TOP (SBARQ (WHADVP Why) (SQ is (NP-SBJ the stock market) (ADVP-TMP suddenly) (ADJP-PRD so volatile)) ?)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ the Dow Jones Industrial Average) (VP did (NP (NP a (ADJP now familiar) dance)) : (S (NP-SBJ It) (VP plunged (NP-EXT 60.25 points) (PP-TMP before (NP lunch)) , (PP with (S-NOM (NP-SBJ (NP most) (PP of (NP the drop))) (VP occurring (PP-TMP in (NP 25 minutes)))))))) .)) (TOP (S (ADVP-TMP Then) , (NP-SBJ it) (VP rebounded (S-ADV (NP-SBJ *) (VP to (VP finish (ADVP-CLR down (NP only 18.65 points)))))) .)) (TOP (S And (NP-SBJ those swings) (VP paled (PP-LOC beside (NP (NP (NP Friday 's) 190.58-point plunge) and (NP (NP Monday 's) 88.12-point recovery)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD madness) -- (SBAR that (S (PP-TMP in (NP an hour)) (NP-SBJ you) (VP can (VP whack (PRT off) (NP (ADJP so much) value))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Stanford Calderwood) , (NP (NP chairman) (PP of (NP (NP Trinity Investment Management Corp.) , (NP-LOC Boston))))) .)) (TOP (S And , (ADVP apparently) , (NP-SBJ it) (VP is (ADVP-PRD here (S (NP-SBJ *) (VP to (VP stay))))) .)) (TOP (S (NP-SBJ (NP Richard Bernstein) , (NP (NP senior quantitative analyst) (PP-LOC at (NP Merrill Lynch & Co))) ,) (VP says , (SBAR 0 `` (S (NP-SBJ My gut feel) (VP is (SBAR-PRD that (S (NP-SBJ we) (VP 'll (VP live (PP-CLR with (NP those swings)) (PP-TMP for (NP a while)))))))))) . '')) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (NP many reasons) (PP for (NP (NP the market 's) jumpiness))) : (NP (NP (NP new trading vehicles) (PP such as (NP (NP stock-index futures) and (NP options)))) ; (NP (NP computer-driven strategies) (PP like (NP program trading))) ; and (NP crowd psychology)))) .)) (TOP (S But (NP-SBJ-1 most) (VP are (VP linked (NP *-1) (PP by (NP-LGS (NP a single theme) : (NP (NP liquidity) -- (NP the ability (S (NP-SBJ *) (VP to (VP get (PP (PP in (NP *RNR*-2)) and (PP out (PP of (NP *RNR*-2))) (NP-2 the market)) (ADVP-MNR quickly)))))))))) .)) (TOP (S (NP-SBJ Prices) (VP are (VP moving (ADVP-DIR up and down) (ADVP-MNR so fast) (SBAR-PRP because (S (NP-SBJ investors) (VP are (VP (VP employing (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP turn (PRT over) (NP-PRD shares) (PP at (NP ever-faster rates)) (ADVP-MNR *T*-1))))))) and (VP (ADVP increasingly) acting (PP-MNR in (NP concert))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ Institutions) (VP are (VP herding (NP animals)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Peter Anderson) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP heads (NP (NP the pension-fund management arm) (PP of (NP IDS Financial Services Inc))))))) .)) (TOP (S `` (NP-SBJ We) (VP (VP watch (NP the same indicators)) and (VP listen (PP-CLR to (NP the same prognosticators)))) .)) (TOP (S (PP Like (NP lemmings)) , (NP-SBJ-1 we) (VP tend (S (NP-SBJ *-1) (VP to (VP move (PP-DIR in (NP the same direction)) (PP-TMP at (NP same time)))))) . '')) (TOP (S And (NP-SBJ that) , (ADVP naturally) , (VP exacerbates (NP price movements)) .)) (TOP (S (NP-SBJ (NP Institutions) (PRN -- (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP now) (VP account (PP-CLR for (NP most trading))))) --)) (VP count (PP-CLR on (S-NOM (NP-SBJ *) (VP being (ADJP-PRD able (S (NP-SBJ *) (VP to (VP (NP buy and sell) (NP (NP big blocks) (PP of (NP stock))) (PP at (NP an eye-blink)))))))))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (VP discover (SBAR that (S (NP-SBJ markets) (VP are n't (ADVP-TMP always) (ADJP-PRD as liquid (SBAR as (S (NP-SBJ they) (VP supposed)))) (ADVP-TMP *T*-1))))))) -- (NP-SBJ markets) (VP jump) .)) (TOP (S (PP-TMP On (NP Monday)) , (PP for (NP instance)) , (NP-SBJ (NP Howard Ward) , (NP (NP a principal) (PP-LOC at (NP Scudder , Stevens & Clark))) ,) (VP found (SBAR that `` (S (NP-SBJ you) (VP could n't (VP buy (NP blue-chips) (PP-CLR at (NP quoted prices)) (PP without (S-NOM (NP-SBJ *) (VP paying (PRT up))))))))) . '')) (TOP (S And (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-2 many firms) (VP had (S (NP-SBJ *-2) (VP to `` (VP pay (PRT up)))) (ADVP-TMP *T*-3)))) , '' (NP-SBJ-1 (NP Monday 's) sudden rally) (VP was (VP sparked (NP *-1))) .)) (TOP (S-1 (NP-SBJ (NP Trading) (PP-LOC in (NP futures and options))) (PRN , (S (NP-SBJ some people) (VP believe (SBAR 0 (S *T*-1)))) ,) (VP can (VP add (PP-CLR to (NP volatility)))) .)) (TOP (S (S (NP-SBJ Investors) (VP believe (SBAR 0 (S (NP-SBJ-3 they) (VP can (X can) (VP rely (PP-CLR on (NP such derivative securities)) (S-CLR (NP-SBJ-4 *-3) (VP to (VP get (PP-CLR (PP in (NP *RNR*-1)) and (PP out (PP of (NP *RNR*-1))) (NP-1 the stock market)) (PP without (S-NOM (NP-SBJ *-4) (ADVP actually) (VP selling (NP any stocks))))))))))))) ; (S (NP-SBJ that) (VP is , (FRAG (NP (NP a way) (PP of (S-NOM (NP-SBJ *) (VP staying (ADJP-PRD liquid) (SBAR-TMP (WHADVP-2 (ADVP even) when) (S (NP-SBJ they) (VP own (NP stocks) (ADVP-TMP *T*-2))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 These and other modern trading methods) `` (VP tend (S (NP-SBJ *-1) (VP to (VP promote (NP (NP dramatic shifts) (PP-LOC in (NP assets)))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP George Douglas) , (NP (NP first vice president) (PP-LOC at (NP Drexel Burnham Lambert Inc)))) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD the idea (SBAR that (S (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ *T*-1) (VP goes (PP-CLR in) (ADVP-MNR easy)))) (VP can (VP come (PP-CLR out) (ADVP-MNR easy) '' -- (SBAR-PRP so that (S (NP-SBJ-2 (NP bouts) (PP of (NP higher volatility))) (VP get (S (NP-SBJ-3 *-2) (VP built (NP *-3) (PP-CLR into (NP the stock market))))))))))))) .)) (TOP (S (NP-SBJ (NP One new investment style) (VP called (S (NP-SBJ *) `` (NP-PRD asset allocation) ''))) (VP shifts (NP portfolio weightings) (PP between (NP (NP stocks) , (NP bonds) and (NP cash))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ computer models) (VP say (SBAR 0 (S (NP-SBJ one) (VP is (ADJP-PRD more attractive) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ (NP First Quadrant Corp.) , (NP (NP an asset allocator) (VP based (NP *) (PP-LOC-CLR in (NP (NP Morristown) , (NP N.J.))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP (ADVP-MNR quickly) boosted (NP (NP stock positions) (PP in (NP its `` aggressive '' accounts))) (PP-DIR to (NP 75 %)) (PP-DIR from (NP 55 %)) (S-PRP (NP-SBJ *) (VP to (VP take (NP (NP advantage) (PP of (NP plunging prices))) (NP-TMP Friday)))))))) .)) (TOP (S (NP-SBJ It) (VP added (NP (QP another 5) %) (NP-TMP Monday) (SBAR-TMP before (S (NP-SBJ stocks) (VP rallied)))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ they) (VP did (ADVP-TMP *T*-1)))) , (NP-SBJ the firm) (VP reduced (NP those stock holdings) (PP-DIR to (NP (QP about 70) %))) .)) (TOP (S (NP-SBJ (NP A classic example) (PP of (NP (NP (NP institutions ') hunger) (PP for (NP liquidity))))) (VP is (NP-PRD (NP portfolio insurance) , (ADVP-TMP now) (ADJP widely discredited))) .)) (TOP (S (PP-TMP Before (NP the 1987 crash)) , (NP-SBJ-1 (NP an estimated (QP $ 60 billion) *U*) (PP in (NP institutional money))) (VP was (VP managed (NP *-1) (PP-LOC under (NP this hedging technique)))) .)) (TOP (S (NP-SBJ The idea) (VP was (S-PRD (NP-SBJ *) (VP to `` (VP insure '' (NP (NP the value) (PP of (NP a portfolio))) (PP-MNR by (S-NOM (NP-SBJ *) (VP selling (NP futures) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ stock prices) (VP dropped (ADVP-TMP *T*-1)))) -- (S-ADV (NP-SBJ *) (VP eliminating (NP the need (S (NP-SBJ *) (VP to (VP sell (NP the stocks themselves)))))))))))))) .)) (TOP (S But (PP-TMP in (NP October 1987)) , (SBAR-TMP (WHADVP when) (S (NP-SBJ portfolio insurers) (VP rushed (S (NP-SBJ *) (VP to (VP sell)) (PP at (NP the same time)))))) , (NP-SBJ they) (VP overwhelmed (NP both the stock and futures markets)) .)) (TOP (S (ADVP Yet) (ADVP-TMP even today) , (NP-SBJ institutions) (VP are (VP (ADVP-MNR quietly) practicing (NP (NP forms) (PP of (NP portfolio insurance))) (PP-MNR by (S-NOM (NP-SBJ *) (VP (ADVP-MNR nervously) rushing (ADVP-DIR to and fro) (PP-LOC in (NP the markets))))))) .)) (TOP (S (NP-SBJ Others) (VP are (VP doing (NP `` (NP index arbitrage) '' (NP (NP a strategy) (PP of (S-NOM (NP-SBJ *) (VP taking (NP advantage) (PP of (NP (NP price discrepancies) (PP between (NP (NP stocks) and (NP futures)))))))))))) .)) (TOP (S (PP Unlike (NP traditional buy-and-hold strategies)) , (NP-SBJ (NP all) (PP of (NP the above))) (VP require (SBAR that (S (NP-SBJ market makers) (VP be (PP-PRD on (NP hand)) (S-PRP (NP-SBJ *) (VP to (VP provide (NP liquidity) (PP-MNR by (S-NOM (NP-SBJ *) (VP buying and selling (NP stocks) (PP-LOC in (NP a crunch)))))))))))) .)) (TOP (S But (NP-SBJ institutions) (VP say (SBAR 0 (S (NP-SBJ Wall Street brokerage firms) (VP are (ADJP-PRD less willing (S (NP-SBJ *) (VP to (VP make (NP markets))))))))) .)) (TOP (S (NP-SBJ Brokers) (VP do n't (VP deny (NP that))) .)) (TOP (S (NP-SBJ Wall Street traders) (VP say (SBAR that (S , (SBAR with (S (NP-SBJ institutional brokerage commissions) (ADJP-PRD (ADJP far lower) (PP than (PP-TMP in (NP the 1970s)))))) , (NP-SBJ-1 securities firms) (VP ca n't (VP afford (S (NP-SBJ *-1) (VP to (VP take (NP (NP the risk) (PP of (S-NOM (NP-SBJ *) (VP buying (NP (ADJP too much) stock))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ everyone) (VP 's (ADJP-PRD a little more leery)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Jack Baker) , (NP (NP head) (PP of (NP equity trading)) (PP-LOC at (NP Shearon Lehman Hutton Inc)))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ The institutions) (VP have (VP driven (NP (PRN -LRB- commission -RRB-) rates) (ADVP-DIR down) (PP to (NP (NP the point) (SBAR (WHADVP-2 where) (S (NP-SBJ (NP it) (S *EXP*-1)) (VP makes (NP no sense) (S-1 (NP-SBJ *) (VP to (VP commit (NP capital)))) (ADVP-LOC *T*-2))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Tom Gallagher) , (NP (NP senior executive vice president) (PP in (NP (NP charge) (PP of (NP institutional trading)))) (PP-LOC at (NP Oppenheimer & Co)))) .)) (TOP (SBARQ `` (WHADVP Why) (SQ should (NP-SBJ I) (VP risk (NP money) (PP for (NP (NP a guy) (X for) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP 's (VP paying (NP me) (NP (NP five cents) (NP-ADV a dance)))))))))) ?)) (TOP (S (NP-SBJ (NP All) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP get (NP *T*-1))))) (VP is (NP-PRD risk)) . '')) (TOP (S (NP-SBJ (NP Lack) (PP of (NP liquidity))) (VP can (ADVP also) (VP result (PP-CLR from (NP exchange `` reforms)))) . '')) (TOP (S (NP-SBJ Many traders) (VP say (SBAR that (S (NP-SBJ `` (NP circuit breakers) '' (VP put (PP-PUT in (NP place)) (S-PRP (NP-SBJ *) (VP to (VP damp (NP volatility)))) (PP-TMP after (NP the 1987 crash)))) (VP (ADVP actually) added (PP-CLR to (NP volatility)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the stock market) (VP plunged (NP-TMP Friday) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ The circuit breakers) (VP caused (NP (NP a 30-minute shutdown) (PP in (NP (NP trading) (PP in (NP (NP Standard & Poor 's) 500-stock index futures contract))))) (SBAR-TMP as (S (NP-SBJ the markets) (VP were (VP falling))))) .)) (TOP (SINV `` (S-TPC-1 (PP With (NP the futures-trading halt)) , (NP-SBJ you) (VP could (ADVP only) (VP sell (NP stocks) '' (S-PRP (NP-SBJ *) (VP to (VP cut (NP (NP exposure) (PP to (NP the market))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ a money manager) .)) (TOP (S `` (NP-SBJ It) (VP was (ADJP-PRD scary) (PP to (NP (NP people) (VP thinking (SBAR that (S (NP-SBJ they) (VP could n't (VP get (NP their trades) (PRT off))))))))) . '')) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP was (SBAR-PRD like (S (NP-SBJ they) (VP (VP put (NP you) (PP in (NP (NP a room) (PP with (NP a gorilla))))) and (VP told (NP you) (SBAR 0 (S (NP-SBJ there) (VP were (NP-PRD (NP three doors) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP exit (ADVP-LOC *T*-2))))))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ one Chicago-based futures trader) .)) (TOP (S `` (ADVP-TMP Then) (NP-SBJ they) (VP said , ` (SBAR 0 (S (PP By (NP the way)) , (NP-SBJ (NP two) (PP of (NP the doors))) (VP are (ADJP-PRD locked))))) . ' '')) (TOP (S (NP-SBJ The takeover mania) (ADVP also) (VP adds (PP-CLR to (NP volatility))) .)) (TOP (S (NP-SBJ UAL Corp.) (VP is (NP-PRD a good example)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Valued (PP-CLR as (NP a buy-out target)))) , (NP-SBJ-1 the airline stock) (VP was (VP trading (PP-CLR at (NP (NP (QP nearly $ 280) *U*) (NP-ADV a share))))) .)) (TOP (S (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the deal) (VP ran (PP-DIR into (NP trouble) (ADVP-TMP *T*-1))))) , (NP-SBJ the stock) (VP tumbled)) ; (S (NP-SBJ it) (VP closed (PP-CLR at (NP $ 198 *U*)) (NP-TMP yesterday))) .)) (TOP (S (ADVP Presumably) , (NP-SBJ UAL) (VP is (ADVP-TMP now) (VP trading (ADVP-LOC closer (PP to (NP (NP its value) (VP based (NP *) (PP-LOC-CLR on (NP earnings)))))))) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ traditional buy-and-hold investors) (VP are (ADJP-PRD unlikely (S (NP-SBJ *) (VP to (VP generate (NP sudden price moves)))))) .)) (TOP (S (NP-SBJ (NP Scott Black) , (NP (NP a value-oriented money manager) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP heads (NP Delphi Management Inc.))))) ,) (VP points (PRT out) (SBAR that (S (PP for (NP (NP those) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP invest (PP-LOC-CLR on (NP fundamentals))))))) , `` (NP-SBJ (NP the value) (PP of (NP a stock)) (PP (PP from (NP day)) (PP to (NP day)))) (VP does n't (VP change (ADVP-CLR all that much)))))) . '')) (TOP (S (NP-SBJ Some experts) (VP say (SBAR 0 (S (NP-SBJ markets) (VP are n't (ADJP-PRD (ADJP as volatile) (SBAR as (S (NP-SBJ *) (VP (ADVP-MNR widely) assumed)))))))) .)) (TOP (S (NP-SBJ (NP Hans Stoll) , (NP (NP finance professor) (PP-LOC at (NP Vanderbilt University))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP the current volatility) (PP-LOC in (NP U.S. markets))) (VP pales (PP in (NP (NP comparison) (PP to (NP (NP the 1930s) , (SBAR-TMP (NP decades) before (S (NP-SBJ-1 (NP derivative instruments) (PP such as (NP options and futures))) (VP were (VP introduced (NP *-1))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (ADVP just) (VP ca n't (VP believe (SBAR that (S (NP-SBJ (NP the innovations) (PP-LOC in (NP the financial market))) (VP are (VP causing (NP (NP any) (PP of (NP this volatility)))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S And (NP-SBJ (NP Robert D. Arnott) , (NP (NP president) (PP of (NP asset allocator First Quadrant))) ,) (VP notes (SBAR that (S (PP-TMP before (NP (NP Friday 's) tailspin)) , (NP-SBJ (NP daily volatility) (PP on (NP the New York Stock Exchange))) (PP-TMP in (NP recent weeks)) (VP had (VP reached `` (NP (ADJP historically low) levels)))))) . '')) (TOP (S (NP-SBJ-1 Some people) (VP tend (S (NP-SBJ *-1) (VP to (VP ignore (SBAR that (S (NP-SBJ a 50-point move) (VP is (ADJP-PRD (ADJP less (PP in (NP percentage terms))) (SBAR than (S (NP-SBJ it) (VP was (ADJP-PRD *?*) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the stock market) (VP was (ADJP-PRD lower) (ADVP-TMP *T*-2))))))))))))))) .)) (TOP (S (NP-SBJ (NP John J. Phelan Jr.) , (NP (NP chairman) (PP of (NP the Big Board))) ,) (VP asserts (SBAR that `` (S (NP-SBJ 1988 and 1989) (VP have (VP been (NP-PRD (NP two) (PP of (NP (NP the (ADJP least volatile) years) (PP-TMP in (NP the last (QP 30 or 40) years)))))))))) . '')) (TOP (S But (NP-SBJ (NP the low average volatility) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Phelan) (VP is (VP talking (PP about (NP *T*-1))))))) (VP is n't (NP-PRD any comfort) (PP-TMP in (NP (NP a period) (PP of (NP rapid stock-market moves)) (PP like (NP the past week))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP Sanford Grossman) , (NP a Wharton School finance professor) ,) (VP says (SBAR 0 (S (NP-SBJ (NP volatile jumps) (PP in (NP stock prices))) (VP will (VP continue (ADVP-TMP (ADVP as long) (SBAR as (S (NP-SBJ liquidity) (VP falls (ADJP short (PP of (NP (NP the voracious demands) (PP of (NP (NP institutions) `` (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP can (VP (VP go (ADVP-DIR out)) and (VP say ` (S (NP-SBJ I) (VP have (NP (NP (NP (QP a billion) dollars) (PP of (NP stocks))) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP sell (NP *T*-2))))))))))))))))))))))))))) . ' '')) (TOP (S (NP-SBJ Some people) (VP think (SBAR 0 (S (NP-SBJ (NP the search) (PP for (NP liquidity))) (VP is (ADJP-PRD fruitless))))) .)) (TOP (S (PP-TMP In (NP 1936)) , (NP-SBJ John Maynard Keynes) (VP wrote (SBAR that `` (S (PP-TPC-1 of (NP (NP the maxims) (PP of (NP orthodox finance)))) (NP-SBJ (NP none) (PP *T*-1)) , (ADVP surely) , (VP is (ADJP-PRD (ADJP more antisocial) (PP than (NP (NP the fetish) (PP of (NP liquidity))))))))) . '')) (TOP (S (NP-SBJ It) (VP leads (NP investors) (S-CLR (NP-SBJ *) (VP to (VP focus (PP-LOC-CLR (PP on (NP (NP short-term price movements) (PRN -- (S `` (NP-TPC-1 (NP a game) (PP of (NP musical chairs))) , '' (NP-SBJ he) (VP called (S (NP-SBJ it) (NP-PRD *T*-1)))) --))) (CONJP rather than) (PP on (NP long-term fundamental valuation))))))) .)) (TOP (S (NP-SBJ James A. White) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ The National Aeronautics and Space Administration) (VP said (SBAR 0 (S (NP-SBJ a computer virus) (VP (VP has (VP infected (NP (NP one) (PP of (NP its networks))))) and (VP is (VP spreading (NP (NP anti-nuclear messages) (VP related (NP *) (PP-CLR to (NP (NP its Galileo space probe) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP is (S (NP-SBJ-1 *-3) (VP to (VP be (VP launched (NP *-1) (NP-TMP today)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Charles Redmond) , (NP a NASA spokesman) ,) (VP said (SBAR 0 (S (NP-SBJ the agency) (VP (VP discovered (NP the virus) (PP-TMP on (NP Monday)) (PP-LOC-CLR on (NP (NP the collection) (PP of (NP (NP computer networks) (VP (ADVP-MNR collectively) called (S (NP-SBJ *) (NP-PRD Internet)))))))) and (VP expected (S (NP-SBJ-1 100 university centers) (VP to (VP be (VP infected (NP *-1) (PP-TMP by (NP today))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the network) (VP is n't (VP connected (PP-CLR to (NP (NP the computer systems) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP operate (NP either (NP (NP Galileo) or (NP the shuttle)))))))))))) , (NP-SBJ (NP part) (PP of (NP the network))) (VP will (VP carry (NP (NP analyses) (PP of (NP Galileo data))) (SBAR-TMP once (S (NP-SBJ the craft) (VP gets (ADJP-PRD spaceborn)))))) .)) (TOP (S (NP-SBJ Mr. Redmond) (VP said (SBAR 0 (S (S (NP-SBJ the intruder) (VP had n't (ADVP-TMP yet) (VP done (NP any harm)))) but (S (NP-SBJ the agency) (VP feared (SBAR 0 `` (S (NP-SBJ-1 garbage data) (VP could (VP be (VP substituted (NP *-1) (PP-CLR for (NP real data)))))))))))) . '')) (TOP (S (NP-SBJ He) (VP estimated (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP could (VP take (NP-TMP-CLR a day) (SBAR-1 for (S (NP-SBJ a computer security manager) (VP to (VP expunge (NP the virus) (PP-CLR from (NP a computer system))))))))))) .)) (TOP (S (NP-SBJ-3 (NP The intruder) , (PP-LOC among (NP (NP the broadest yet) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP hit (NP a research network))))))) ,) (VP appeared (S (NP-SBJ *-3) (VP to (VP affect (NP (NP only Digital Equipment Corp. hardware) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP uses (NP (NP Digital 's) VAX/VMS operating system))))))))) .)) (TOP (S (NP-SBJ It) (VP is (ADJP-PRD unrelated (PP to (NP (NP the much-publicized virus) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (NP-TMP last year) (VP infected (NP (NP Arpanet) , (NP (NP a (ADJP much larger) network) (VP used (NP *) (PP by (NP-LGS (NP researchers) (PP-LOC at (NP (NP (NP universities) , (NP laboratories) and (NP government agencies)) (PP-LOC around (NP the world)))))))))))))))) .)) (TOP (S (S-TPC-1 (PP In (NP (NP the lingo) (PP of (NP computer security)))) , (NP-SBJ the NASA intruder) (VP is (ADVP technically) (NP-PRD a computer worm))) , (NP-SBJ Mr. Redmond) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ A worm) (VP (VP resides (PP-LOC-CLR in (NP (NP the operating system) (PP of (NP a computer))))) and (VP spreads (PP-MNR by (S-NOM (NP-SBJ *) (VP boring (PP into (NP (NP other computers) (VP contacted (NP *) (PP-MNR through (NP networks)))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The Galileo worm) (ADVP apparently) (VP was (VP hatched (NP *-1) (PP-LOC on (NP (NP (NP a computer) (PP-LOC in (NP France))) (VP hooked (PRT up) (PP to (NP (NP NASA 's) Space Physics Analysis Network)))))))) , (NP-SBJ Mr. Redmond) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ NASA) (VP said (SBAR 0 (S (NP-SBJ the Galileo worm) (VP had n't (VP affected (NP (NP its computers) or (NP (NP the computers) (PP of (NP other government agencies)))) (SBAR-PRP because (S (NP-SBJ they) (VP had (VP modified (NP-1 their systems) (S-CLR (NP-SBJ *-1) (VP to (VP reject (NP worms))))))))))))) .)) (TOP (S But (NP-SBJ Mr. Redmond) (VP said (SBAR 0 (S (NP-SBJ the worm) (VP hit (NP (NP universities) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP had n't (VP elected (S (NP-SBJ *-2) (VP to (VP make (NP the changes))))))))))))) .)) (TOP (S (NP-SBJ (NP Michael Alexander) , (NP (NP a senior editor) (PP-LOC at (NP (NP Computerworld) , (NP a trade publication)))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP was (VP told (NP *-1) (SBAR that (S (NP-SBJ the worm) (VP gets (PP-CLR into (NP a computer center)) (PP-MNR by (S-NOM (NP-SBJ *) (VP looking (PP-CLR for (NP (NP obvious passwords) -- (PP such as (NP (NP ones) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP are (NP-PRD the (ADJP same (PP as (NP (NP the user 's) name)))))))))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ it) (VP (VP finds (NP one)) and (VP gets (PP-CLR into (NP the system)))))) , (NP-SBJ it) (VP will (VP display (NP (NP a screen) (SBAR *ICH*-1)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ a user) (VP logs (PRT on) (ADVP-TMP *T*-3)))) (SBAR-1 (WHNP-2 that) (S (NP-SBJ *T*-2) (VP says , `` (NP (NP Worms) (PP Against (NP Nuclear Killers)))))))) ... .)) (TOP (S (NP-SBJ You) (VP (VP talk (PP of (NP (NP times) (PP of (NP (NP peace) (PP for (NP all))))))) , and (ADVP then) (VP prepare (PP-CLR for (NP war)))) . '')) (TOP (S-1 (PP In (NP addition)) (PRN , (NP-SBJ Mr. Alexander) (VP said (SBAR 0 (S *T*-1))) ,) (NP-SBJ the worm) (VP sends (NP (NP strange messages) (PP *ICH*-2)) (PP-DTV to (NP (NP other machines) (PP at (NP the center)))) -- (PP-2 such as , `` (S (S (NP-SBJ George Orwell) (VP was (NP-PRD an optimist))) , '' or `` (S (NP-SBJ *) (VP Do n't (VP feed (NP the bats) (NP-TMP tonight))))))) . '')) (TOP (S (NP-SBJ The worm) (ADVP also) (VP looks (PP-CLR for (NP (NP elementary passwords) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP confer (NP more privileges) (PP-LOC-CLR on (NP the user)))))))) .)) (TOP (S (NP-SBJ-4 The passwords) (VP (VP are (VP included (PP-LOC-CLR in (NP the system software)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-1 it) (VP is (VP installed (NP *-1) (ADVP-TMP *T*-3))))))) but (VP are (VP supposed (S (NP-SBJ-2 *-4) (VP to (VP be (VP replaced (NP *-2) (ADVP-TMP (ADVP as soon) (SBAR as (S (NP-SBJ the system) (VP is (UCP-PRD (ADJP-PRD up) and (VP running))))))))))))) .)) (TOP (S-1 (SBAR-ADV If (S (NP-SBJ it) (VP finds (NP (NP one) (PP of (NP those passwords)))))) (PRN , (NP-SBJ Mr. Alexander) (VP said (SBAR 0 (S *T*-1))) ,) (NP-SBJ-2 the worm) (VP will (VP do (NP (NP such things) (PP as (S (NP-SBJ *-2) (VP change (NP (NP users ') passwords) (PP-CLR to (NP (NP a series) (PP of (NP random numbers)))) , (S-ADV (NP-SBJ *) (VP preventing (NP them) (PP-CLR from (S-NOM (NP-SBJ *) (VP signing (PRT on) (PP to (NP the network))))))))))))) .)) (TOP (S (NP-SBJ NASA) (VP estimated (SBAR that , (S (PP-TMP on (NP Monday)) , (NP-SBJ-1 about four computer centers) (VP were (VP affected (NP *-1)))))) .)) (TOP (S (S (NP-TMP Yesterday) , (NP-SBJ the number) (VP grew (PP-DIR to (NP 40)))) ; (S (NP-TMP today) (NP-SBJ-1 the number) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP grow (PP-DIR to (NP 100)))))))) .)) (TOP (S (NP-SBJ NASA) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP take (NP about a week) (SBAR-TMP before (S (NP-SBJ it) (VP knows (NP (NP (SBAR (WHNP-2 (NP exactly how many centers) (PP of (NP (NP the 6,000) (VP connected (NP *) (PP-CLR to (NP Internet)))))) (S (NP-SBJ-1 *T*-2) (VP were (VP affected (NP *-1)))))) and (NP (NP the extent) (PP of (NP the damage)) , (SBAR if (FRAG (NP any))))))))))))) .)) (TOP (S (NP-SBJ Anti-nuclear activists) (VP have (VP protested (NP (NP the launch) (PP of (NP the Galileo space probe)) (PP to (NP Jupiter))) (SBAR-PRP because (S (NP-SBJ it) (VP uses (NP plutonium) (S-CLR (NP-SBJ *) (VP to (VP generate (NP (NP the electricity) (VP needed (S (NP-SBJ *) (VP to (VP run (NP the craft)))))))))))))) .)) (TOP (S (NP-SBJ Activists) (VP fear (SBAR that (S (SBAR-ADV (SBAR if (S (NP-SBJ (NP the shuttle) (VP carrying (NP Galileo) (PP-DIR into (NP orbit)))) (VP should (VP explode)))) , or (SBAR if (S (NP-SBJ Galileo itself) (VP crashes (PP-DIR into (NP the Earth)) (PP-TMP during (NP (NP the two times) (SBAR 0 (S (NP-SBJ it) (VP flies (ADVP close (PP to (NP the planet)))))))))))) , (NP-SBJ-1 (NP fatal levels) (PP of (NP plutonium))) (VP would (VP be (VP released (NP *-1) (PP-DIR into (NP the atmosphere)))))))) .)) (TOP (S (ADVP So far) (NP-SBJ-1 Galileo) (VP has (VP been (VP (VP delayed (NP *-1) (ADVP-TMP twice) , (ADVP-TMP-3 once) (PP-PRP-2 because of (NP (NP a computer malfunction) (VP connected (NP *) (PP-CLR with (NP a space-shuttle engine)))))) , and (VP (NP-TMP=3 yesterday) (PP-PRP=2 because of (NP the weather)))))) .)) (TOP (S (NP-SBJ NASA) (VP said (SBAR 0 (S (NP-SBJ the Galileo worm) (VP had (NP (NP nothing) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1) (PP-CLR with (NP either delay))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Alexander) (PP of (NP Computerworld))) (VP said (SBAR 0 (S (NP-SBJ hackers) (VP have (VP gone (PP-DIR after (NP SPAN)) (ADVP-TMP before)))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the Chaos Computer Club) , (PP of (NP West Germany)) ,) (ADVP-TMP once) (VP managed (S (NP-SBJ *-1) (VP to (VP (VP invade (NP SPAN)) and (VP do (NP (NP such things) (PP as (SBAR 0 (S (NP-SBJ *) (VP change (NP (NP the value) (PP of (NP pi))) , (S-ADV (NP-SBJ *) (VP messing (PRT up) (NP some calculations)))))))))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADVP-TMP now) (NP-PRD a commonplace) (SBAR-1 that (S (NP-SBJ prosecutors) (VP are (VP bringing (NP criminal indictments) (PP-LOC in (NP (NP cases) (SBAR-LOC (WHADVP-3 where) (S (PP-TMP until (NP a few years ago)) (NP-SBJ-2 only a civil action) (ADVP at most) (VP would (VP have (VP been (VP brought (NP *-2) (ADVP-LOC *T*-3)))))))))))))) .)) (TOP (S Yet (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP is (ADVP also) (ADJP-PRD axiomatic) (SBAR-2 that (S (NP-SBJ the power (S (NP-SBJ *) (VP to (VP create (NP new crimes))))) (VP belongs (PP-CLR (ADVP only) (PP to (NP the legislature)) , and not (PP to (NP courts))))))) .)) (TOP (S (PP Beginning (PP in (NP the early 19th century)) , (PP with (NP (NP U.S.) (PP v. (NP Hudson and Goodwin))))) , (NP-SBJ the Supreme Court) (VP has (ADVP repeatedly) (VP held (SBAR that (S (NP-SBJ-1 a judicial power (S (NP-SBJ *) (VP to (VP declare (NP conduct) (S (NP-SBJ *) (VP to (VP be (UCP-PRD (PP against (NP the public interest)) and (ADVP hence) (ADJP criminal))))))))) , (SBAR-ADV while (S (NP-SBJ *-1) (ADJP-PRD well established) (PP-LOC in (NP British law)))) , (VP would (VP usurp (NP (NP legislative authority) (PP-LOC under (NP (NP the doctrine) (PP of (NP (NP separation) (PP of (NP powers))))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD the conventional theory) (ADVP anyway)) .)) (TOP (S (PP-LOC In (NP practice)) , (ADVP however) , (NP-SBJ-1 (NP the line) (PP-LOC between (NP (NP interpretation and redefinition) (PP of (NP the criminal law))))) (ADVP-TMP long ago) (VP began (S (NP-SBJ *-1) (VP to (VP blur)))) .)) (TOP (S (PP In (NP particular)) , (NP-SBJ (NP a common law) (PP of (NP white-collar crime))) (VP has (VP developed (PP-MNR with (NP surprising rapidity)) (PP-TMP over (NP the past decade)))) .)) (TOP (S (PP For (NP example)) , (SBAR-ADV although (S (NP-SBJ insider trading) (VP has (ADVP-TMP long) (VP been (ADJP-PRD criminal))))) , (NP-SBJ-1 it) (VP has (ADVP-TMP never) (VP been (VP (ADVP-MNR statutorily) defined (NP *-1)))) .)) (TOP (S (PP-TMP In (NP 1983)) , (NP-SBJ-1 the Supreme Court) (VP tried (S (NP-SBJ *-1) (VP to (VP supply (NP a workable definition) (PP-LOC in (NP (NP the (NAC (NAC Dirks) (PP v. (NP SEC))) decision) , (SBAR (WHNP-4 which) (S (NP-SBJ *T*-4) (VP found (SBAR that (S (NP-SBJ liability) (VP depended (PP-CLR on (SBAR (SBAR whether (S (NP-SBJ the tipper) (VP had (VP breached (NP (NP his fiduciary duty) (PP to (NP the corporation))) (SBAR-PRP in order (S (NP-SBJ *) (VP to (VP obtain `` (NP some personal gain))))))))) '' and (SBAR whether (S (NP-SBJ the tippee) (VP (VP knew (NP *RNR*-3)) or (VP (ADVP-MNR recklessly) disregarded (NP *RNR*-3)) (NP-3 this fact)))))))))))))))))) .)) (TOP (S (ADVP-MNR Gradually) , (ADVP however) , (NP-SBJ (NP lower courts) and (NP prosecutors)) (VP have (VP pushed (NP this definition) (PP-DIR to (NP its breaking point)))) .)) (TOP (S (NP-SBJ *) (VP Consider (NP (NP the facts) (VP underlying (NP (NP the 1989 conviction) (PP of (NP Robert Chestman)))))) .)) (TOP (S (PP-TMP Prior (PP to (NP (NP a tender offer) (PP by (NP A&P)) (PP for (NP Waldbaum Inc.)) (PP-TMP in (NP 1986))))) , (NP-SBJ (NP the founder) (PP of (NP (NP the Waldbaum 's) supermarket chain))) (VP called (NP an elderly relative) (S-PRP (NP-SBJ *) (VP to (VP tell (NP-1 her) (S (NP-SBJ *-1) (VP to (VP assemble (NP her stock certificates) (PP-CLR for (NP delivery))))))))) .)) (TOP (S (NP-SBJ She) (VP called (NP (NP her daughter) (SBAR *ICH*-1)) (S-PRP (NP-SBJ *) (VP to (VP take (NP her) (PP-CLR to (NP the bank))))) , (SBAR-1 (WHNP-2 who) , (S (PP in (NP turn)) , (NP-SBJ *T*-2) (VP persuaded (NP-3 (NP her husband) , (NP a Mr. Loeb)) , (S (NP-SBJ *-3) (VP to (VP run (NP this errand)))))))) .)) (TOP (S (S (S-ADV (NP-SBJ *-1) (VP Hearing (PP-CLR of (NP this information)))) , (NP-SBJ-1 the husband) (VP discussed (NP it) (PP with (NP (NP his broker) , (NP Mr. Chestman))))) , and (S (NP-SBJ Mr. Chestman) (ADVP-TMP then) (VP bought (PP for (NP (NP his own account) and (NP other clients))))) .)) (TOP (S (ADVP Basically) , (NP-SBJ Mr. Chestman) (VP was (NP-PRD a fourth-level tippee)) .)) (TOP (SQ Did (NP-SBJ (NP Mr. Loeb) , (NP his tipper)) , (VP breach (NP a fiduciary duty) (PRN -LRB- and , (SQ (SBAR if (FRAG (ADVP so))) , (WHPP to (WHNP whom))) -RRB-)) ?)) (TOP (SQ Did (NP-SBJ Mr. Loeb) (VP seek (NP personal gain) (PRN -LRB- and (FRAG (SBAR if (SBAR so)) , (WHADVP how)) -RRB-)) ?)) (TOP (SQ Or did (NP-SBJ Mr. Chestman) (VP (ADVP only) hear (NP (NP a market rumor) (PRN -LRB- (SBAR (WHNP-1 which) (S (NP-SBJ one) (VP may (VP (ADVP-MNR lawfully) trade (PP-LOC-CLR upon (NP *T*-1)))))) -RRB-))) ?)) (TOP (S (NP-SBJ The line) (VP seems (ADJP-PRD awfully thin) (PP for (NP criminal-law purposes))) .)) (TOP (S (NP-SBJ-1 A second illustration) (VP is (VP supplied (NP *-1) (PP by (NP-LGS (NP the recent guilty plea) (VP entered (NP *) (PP by (NP-LGS (NP Robert Freeman) , (ADVP-TMP formerly) (NP (NP head) (PP of (NP arbitrage)) (PP-LOC at (NP Goldman , Sachs & Co)))))))))) .)) (TOP (S (ADVP Essentially) , (NP-SBJ Mr. Freeman) (VP had (VP invested (ADVP-MNR heavily) (PP-LOC-CLR in (NP the Beatrice leveraged buy-out)) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 he) (VP was (VP told (NP *-1) (PP by (NP-LGS (NP another prominent trader) , (NP Bernard `` Bunny '' Lasker) ,)) (SBAR that (S (NP-SBJ the deal) (VP was (PP-PRD in (NP trouble))))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *) (VP placing (NP orders (S (NP-SBJ *) (VP to (VP sell))))))) , (NP-SBJ Mr. Freeman) (VP called (NP (NP Martin Siegel) , (NP (NP an investment banker) (PP-LOC at (NP Kidder , Peabody & Co.))) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (VP advising (PP-CLR on (NP the deal))))))) , (S-PRP (NP-SBJ *) (VP to (VP confirm (NP these rumors))))) .)) (TOP (S (NP-SBJ-2 Mr. Siegel) (VP (VP asked (NP Mr. Freeman) (SBAR (WHNP-1 who) (S (NP-SBJ his source) (VP was (NP-PRD *T*-1))))) and , (VP (PP-TMP on (S-NOM (NP-SBJ *-2) (VP hearing (SBAR that (S (NP-SBJ it) (VP was (NP-PRD Bunny Lasker))))))) , responded : `` (SBAR 0 (S (INTJ Well) , (NP-SBJ your bunny) (VP has (NP a good nose)))))) . '')) (TOP (S (NP-SBJ (NP The illegal `` tip '') (PP of (NP (NP the bunny 's) good nose))) (VP was (ADVP-TMP then) (ADVP largely) (NP-PRD (NP a confirmation) (PP of (NP (NP rumors) (VP (ADVP-TMP already) known (NP *) (PP-CLR to (NP (NP many) (PP-LOC in (NP the market))))))))) .)) (TOP (S (SBAR-ADV (SINV Had (NP-SBJ the case) (VP gone (PP-DIR to (NP trial))))) (NP-SBJ the same issues) (VP would (VP have (VP surfaced))) :)) (TOP (SQ Was (NP-SBJ there) (NP-PRD a fiduciary breach) (SBAR-PRP in order (S (NP-SBJ *) (VP to (VP obtain (NP personal gain))))) ?)) (TOP (SQ Did (NP-SBJ Mr. Freeman) (VP have (NP (NP notice) (PP of (NP this)))) ?)) (TOP (SQ (ADVP-TMP Finally) , was (NP-SBJ the information) (ADJP-PRD material) ?)) (TOP (S (ADVP Yet) , (NP-SBJ all these issues) (VP are (ADJP-PRD subsidiary (PP to (NP (NP a (ADJP more central) issue) : (SBARQ (SBARQ (WHNP-5 Who) (SQ (NP-SBJ *T*-5) (VP is (VP *RNR*-4)))) and (SBARQ (WHNP-6 who) (SQ (NP-SBJ *T*-6) (VP should (VP be (VP *RNR*-4))))) (VP-4 making (NP the criminal law) (ADVP-LOC here)) ?))))))) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-5)) (VP is not (NP-PRD my contention) (SBAR-5 that (S (NP-SBJ either (NP (NP Mr. Chestman) or (NP Mr. Freeman))) (VP was (NP-PRD (NP an innocent victim) (PP of (NP prosecutorial overzealousness))))))) .)) (TOP (S (ADVP Arguably) , (NP-SBJ both) (VP were (PP-PRD on (NP notice (SBAR that (S (NP-SBJ their behavior) (VP was (ADJP-PRD (ADVP at least) risky))))))) .)) (TOP (S But (SBAR even if (S (NP-SBJ they) (VP behaved (ADVP-MNR-CLR recklessly)))) , (NP-SBJ reasons (S *ICH*-6)) (ADVP-TMP still) (VP exist (S-6 (NP-SBJ *) (VP to (VP fear and resist (NP (NP this steady process) (PP of (NP (NP case-by-case judicial extension) (PP of (NP (NP the law) (PP of (NP insider trading))))))))))) .)) (TOP (S (NP-SBJ Courts and legislatures) (VP (VP make (NP decisions) (PP-MNR in (NP (ADJP very different) ways))) and (VP are each (ADJP-PRD susceptible (PP to (NP (NP (ADJP very different) kinds) (PP of (NP errors))))))) .)) (TOP (S (NP-SBJ (NP After-the-fact judicial examination) (PP of (NP (NP an actor 's) conduct))) (VP has (ADVP-TMP always) (VP been (NP-PRD (NP the common law 's) method))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 only civil liability) (VP is (VP involved (NP *-1) (ADVP-TMP *T*-2))))) , (NP-SBJ this method) (VP has (NP (NP the undeniable strengths) (PP of (NP (NP factual specificity) and (NP (NP avoidance) (PP of (NP overgeneralization))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP case-by-case retrospective decision making) (PP of (NP this sort))) (VP is (ADJP-PRD vulnerable (PP to (NP (NP the tunnel vision) (VP caused (NP *) (PP by (NP-LGS (NP a fixation) (PP-LOC on (NP (ADJP ad hoc) (PRN -LRB- and (ADJP usually sleazy) -RRB-) examples))))))))) .)) (TOP (S (SBAR-TMP-3 (WHADVP When) (S (NP-SBJ a court) (VP (VP decides (SBAR that (S (NP-SBJ (NP a particular actor 's) conduct) (VP was (ADJP-PRD culpable))))) and (ADVP so) (VP extends (NP (NP the definition) (PP of (NP insider trading))) (S-CLR (NP-SBJ *) (VP to (VP reach (NP this conduct)))) (SBAR-TMP *T*-3))))) , (NP-SBJ it) (VP does not (VP see (NP (NP the (ADJP potentially enormous) number) (PP of (NP (NP other cases) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP covered (NP *-1) (PP by (NP-LGS the expanded rule)))))))))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ a court) (VP is (ADJP-PRD poorly positioned (S (NP-SBJ *) (VP to (VP make (NP (NP judgments) (PP about (NP (NP the social utility) (PP of (NP the expanded rule)))))))))) .)) (TOP (S (PP For (NP example)) , (PP in (S-NOM (NP-SBJ *) (VP focusing (PP-LOC-CLR on (NP (NP Mr. Freeman 's) attempt (S (NP-SBJ *) (VP to (VP gain (NP (NP nonpublic information) (PP about (NP (NP a deal 's) collapse))))))))))) , (NP-SBJ one) (VP does not (VP (ADVP naturally) think (PP about (NP (NP (NP the reverse side) (PP of (NP the coin))) : (SBAR (WHNP What) if (S (NP-SBJ the rumor) (VP had (VP been (ADJP-PRD false))))) ?)))))) (TOP (SQ Can (NP-SBJ a security analyst) (VP call (NP an investment banker) (S-CLR (NP-SBJ *) (VP to (VP make (S (ADJP-PRD certain) (SBAR-NOM-SBJ that (S (NP-SBJ a (ADJP seemingly improbable) rumor) (VP is (ADVP in fact) (ADJP-PRD false))))))))) ?)) (TOP (S (PP-TMP In (NP the past)) , not (ADVP only) (SINV would (NP-SBJ-2 reputable professionals) (VP have (VP rushed (S (NP-SBJ *-2) (VP to (VP check (PRT out) (NP such rumors) (PP with (NP the company)))))))) , but (S (NP-SBJ-1 (NP companies) (VP listed (NP *) (PP-LOC-CLR on (NP the major stock exchanges)))) (VP were (VP encouraged (PP by (NP-LGS the exchanges)) (S (NP-SBJ *-1) (VP to (VP respond (ADVP-MNR openly) (PP-CLR to (NP (NP such inquiries) (PP from (NP securities analysts)))))))))) .)) (TOP (S (NP-TMP Today) , (PP-TMP after (NP (NP Mr. Freeman 's) plea)) , (NP-SBJ there) (VP is (NP-PRD (NP an uncertainty) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD both unfair and inefficient)))))) .)) (TOP (S (PP-LOC In (NP this light)) , (NP-SBJ (NP the comparative advantages) (PP of (NP legislative law-making))) (VP become (ADJP-PRD clear) : (S (S (LST -LRB- 1 -RRB-) (SBAR-TMP Before (S (NP-SBJ it) (VP acts))) , (NP-SBJ the legislature) (VP (ADVP typically) will (VP hear (NP (NP the views) (PP of (NP (NP representatives) (PP of (NP (NP (NP all those) (VP affected (NP *) (PP by (NP-LGS its decision)))) , not (NP (NP just the immediate parties) (PP-LOC before (NP the court))))))))))) ; and (S (LST -LRB- 2 -RRB-) (NP-SBJ the legislature) (VP can (VP frame (NP (NP `` bright line '' standards) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP create (NP (NP less uncertainty) (PP than (NP (NP the fact-bound decisions) (PP of (NP courts)))))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ legislative lines) (VP can (VP result (PP-CLR in (NP under-inclusion)) (PRN -LRB- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP explains (SBAR (WHADVP why) (S (NP-SBJ the SEC) (VP has (ADVP-TMP long) (VP resisted (NP (NP a legislative definition) (PP of (NP insider trading)))))))))) -RRB-))))) , (NP-SBJ judicial lawmaking) (ADVP inevitably) (VP creates (NP uncertainty) (PP-PRP because of (NP (NP the shadowy (NX (NX outer edges) and (NX implications))) (PP of (NP most judicial decisions))))) .)) (TOP (S (PP At (ADJP least)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the stakes) (VP are (ADJP-PRD high) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP uncertainty) (PP in (NP turn))) (VP results (PP-CLR in (NP overinclusion)) , (SBAR-ADV as (S (NP-SBJ-2 individuals) (VP do not (VP dare (S (NP-SBJ *-2) (VP to (VP approach (NP an uncertain line) (ADVP-MNR closely))))))))) .)) (TOP (S (NP-SBJ The federal mail and wire fraud statutes) (VP provide (NP (NP (ADJP even better) illustrations) (PP of (NP (NP the rapid evolution) (PP of (NP (NP a federal common law) (PP of (NP white-collar crime)))))))) .)) (TOP (S (PP-TMP In (NP 1987)) , (NP-SBJ-1 the Supreme Court) (VP attempted (PP-LOC in (NP (NP McNally) (PP v. (NP U.S.)))) (S (NP-SBJ *-1) (VP to (VP halt (NP (NP the inexorable expansion) (PP of (NP these statutes))) (PP-MNR by (S-NOM (NP-SBJ *) (VP adopting (NP (NP a rule) (PP of (NP strict construction)) (PP for (NP ambiguous criminal statues)))))))))) .)) (TOP (S (ADVP Yet) , (NP-TMP late last year) , (NP-SBJ Congress) (VP (ADVP-MNR effectively) reversed (NP this decision) (PP-MNR by (S-NOM (NP-SBJ *) (VP enacting (NP (NP a one-sentence statute) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP defined (NP fraud) (S (NP-SBJ *) (VP to (VP include (NP any scheme (S (NP-SBJ *) (VP to (VP deprive (NP another) (PP of `` (NP (NP the intangible right) (PP of (NP honest services))))))))))))))))))) . '')) (TOP (S (PP At (NP a stroke)) , (NP-SBJ this) (VP may (VP criminalize (NP (NP all fiduciary breaches) (PRN -LRB- and (ADVP possibly) (NP (NP all misrepresentations) (PP by (NP an agent or employee))) -RRB-)))) .)) (TOP (S (NP-SBJ Such a statute) (VP illustrates (NP (NP the fundamental problem) : (S (NP-SBJ Congress) (VP finds (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-7)) (VP is (ADJP-PRD (ADJP easier) (SBAR *ICH*-1)) (S-7 (NP-SBJ *) (VP to (VP pass (NP (NP (ADJP sweepingly moralistic) prohibitions) , (SBAR (WHNP-10 which) (S (NP-SBJ the courts) (VP must (ADVP-TMP thereafter) (VP interpret (NP *T*-10))))) ,)))) (SBAR-1 than (S (NP-SBJ *) (VP to (VP engage (PP-LOC-CLR in (NP (NP the difficult line-drawing distinctions) (SBAR (WHNP-9 that) (S (NP-SBJ *T*-9) (VP are (ADVP-MNR inherently) (NP-PRD its responsibility))))))))))))))))) .)) (TOP (S (NP-SBJ-1 We) (VP are (VP confronted (NP *-1) (ADVP (ADVP less) (PP with (NP a judicial power grab)) (PP than (PP with (NP a legislative giveaway)))))) .)) (TOP (S (ADVP Predictably) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ *-3) (VP confronted (PP-CLR with (NP (ADJP morally dubious) behavior)) (ADVP-TMP *T*-2)))) , (NP-SBJ-3 prosecutors) (VP will (VP exploit (NP (NP the latitude) (SBAR (WHNP-1 0) (S (NP-SBJ such openended statutes) (VP give (NP them) (NP *T*-1))))))) .)) (TOP (S (PP-TMP Over (NP the long run)) , (ADVP however) , (NP-SBJ sleazy cases) (VP will (VP make (NP bad law))) .)) (TOP (S (NP-SBJ Mr. Coffee) (VP is (NP-PRD (NP a professor) (PP-LOC at (NP Columbia Law School)))) .)) (TOP (S (NP-SBJ Corning Inc.) (VP posted (NP (NP a (ADJP 38 %) decline) (PP-LOC in (NP third-quarter net income))) (PP-DIR to (NP (NP (QP $ 76.5 million) *U*) , or (NP (NP 80 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 123.9 million) *U*) , or (NP (NP $ 1.37 *U*) (NP-ADV a share))) , (ADVP (NP a year) earlier))) .)) (TOP (S (NP-SBJ The year-earlier figure) (VP included (NP (NP a one-time gain) (PP of (NP (QP $ 59.9 million) *U*)) (PP from (NP (NP the sale) (PP of (NP (NP (NP Corning 's) stakes) (PP-LOC in (NP Japanese businesses)))))))) .)) (TOP (S (PP Without (NP the gain)) , (NP-SBJ operating profit) (VP was (NP-PRD (NP (QP $ 64 million) *U*) , or (NP (NP 71 cents) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ The telecommunications , specialty glass , ceramic products and laboratory-services concern) (VP said (SBAR 0 (S (NP-SBJ the latest quarter) (VP included (NP (NP a tax-loss carry-forward) (PP of (NP $ 600,000 *U*))))))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (NP-SBJ net) (VP included (NP a (ADJP $ 700,000 *U*) taxlow carry-forward)) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 14 %) (PP-DIR to (NP (QP $ 715 million) *U*)) (PP-DIR from (NP (QP $ 625.4 million) *U*))) .)) (TOP (S (NP-SBJ (NP (NP Corning 's) chairman and chief executive officer) , (NP James R. Houghton) ,) (VP said (SBAR 0 (S (NP-SBJ-1 operating performance) (VP continued (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD strong) (PP-LOC in (NP the telecommunications and health and science segments))))))))) .)) (TOP (S But (S (NP-SBJ the specialty-material segment) (VP slowed (ADVP somewhat))) and (S (NP-SBJ consumer products) (VP continued (PP-LOC-CLR below (NP expectations)))) .)) (TOP (S (PP As (PP for (NP joint ventures))) , (NP-SBJ Mr. Houghton) (VP said (SBAR 0 (S (NP-SBJ profit) (VP was `` (ADJP-PRD essentially flat) '' (PP-PRP due (ADVP primarily) to (NP (NP a slow recovery) (PP-LOC at (NP (NP Samsung-Corning Co.) (PP-LOC in (NP Korea)))))) (PP following (NP (NP (NP a strike) (PP at (NP a major customer))) and (NP (NP the disruption) (PP of (NP (NP shipments) (PP to (NP China))))))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ-1 profit) (VP was (VP hurt (NP *-1) (PP by (NP-LGS (NP (NP the strength) (PP of (NP the dollar)) (ADVP-LOC overseas)) (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP (ADVP-MNR negatively) affected (NP (NP the company 's) currency-exchange rate)))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ Corning) (VP closed (PP-CLR at (NP $ 38.50 *U*)) , (ADVP down (NP 75 cents))) .)) (TOP (S (NP-SBJ (NP UAL) , (NP (NP the hair-trigger stock) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP exploded (NP (NP Friday 's) market bombshell))))) ,) (ADVP-TMP briefly) (VP traumatized (NP traders) (ADVP-TMP again) (NP-TMP yesterday)) .)) (TOP (S (PP-TMP Within (NP 10 minutes)) (PP after (NP (NP an 11:13 a.m. trading halt) (PP in (NP (NP UAL) , (NP (NP parent) (PP of (NP United Airlines))))))) , (NP-SBJ the Dow Jones Industrial Average) (VP plunged (NP-EXT (QP nearly 27) points) (PP-DIR to (NP a 60.25-point deficit))) .)) (TOP (S (S (NP-SBJ Computer-guided buying) (ADVP then) (VP kicked (PRT in))) , and (S (NP-SBJ the industrials) (VP regained (NP 27 points) (PP-TMP in (NP five minutes)))) .)) (TOP (S (NP-SBJ The lightning moves) (VP show (SBAR that (S (NP-SBJ the stock market) (VP remains (ADJP-PRD fragile and volatile) (PRN -- (ADJP-PRD ready (S (NP-SBJ *) (VP to (VP jump))) (PP-TMP at (NP the slightest rumor))) --) (PP-TMP (NP a few days) after (NP its shocking 190.58-point plunge)))))) .)) (TOP (S (NP-SBJ-1 Nervous investors) (VP continued (S (NP-SBJ *-1) (VP to (VP limit (NP their buying) (PP-CLR to (NP blue-chip stocks))))) (SBAR-TMP while (S-NOM (NP-SBJ *) (VP dumping (NP takeover-related issues))))) .)) (TOP (S (NP-SBJ The industrial average) (VP closed (ADVP-CLR down (NP 18.65)) , (PP to (NP 2638.73))) .)) (TOP (S (NP-SBJ New York Stock Exchange volume) (VP was (NP-PRD a heavy 224,070,000 shares)) .)) (TOP (S (NP-SBJ (NP Decliners) (PP-LOC on (NP the Big Board))) (VP outnumbered (NP advancers) , (ADVP 931 to 658)) .)) (TOP (S (NP-SBJ-1 UAL) (VP was (VP (VP watched (NP *-1) (ADVP-MNR closely)) and (VP traded (NP *-1) (ADVP-MNR heavily)))) .)) (TOP (S (NP-SBJ The stock) (VP tumbled (NP-EXT (QP 24 7)) (PP-DIR to (NP 198)) (PP-DIR on (NP (NP volume) (PP of (NP (QP 2.8 million) shares))))) .)) (TOP (S (NP-SBJ The market) (VP is (ADVP-TMP still) (ADJP-PRD very touchy (PP about (NP (NP rumors) and (NP (NP news) (PP on (NP pending takeovers))))))) .)) (TOP (S (NP-SBJ (NP UAL) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP is (VP trying (S (NP-SBJ *-3) (VP to (VP reconstruct (NP (NP a buy-out bid) (SBAR (WHNP-2 that) (S (NP-SBJ banks) (VP would n't (VP finance (NP *T*-2))))))))))))) ,) (VP represents (NP (NP the future) (PP of (NP (NP one) (PP of (NP (NP the (ADJP most powerful) ingredients) (PP-LOC in (NP the bull market)))) - (NP corporate restructuring))))) .)) (TOP (S (NP-SBJ-1 (NP An important element) (PP of (NP this phenomenon)) -- (NP (NP the now-shaky market) (PP for (NP (NP junk bonds) , (VP used (NP *) (ADVP-TMP often) (S-CLR (NP-SBJ *) (VP to (VP finance (NP restructurings and takeovers)))))))) --) (VP continued (S (NP-SBJ *-1) (VP to (VP cast (NP a pall) (PP-LOC-CLR over (NP stocks)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP was (NP-PRD a (ADJP very nervous) day))) , '' (VP said (S *T*-1)) (NP-SBJ (NP John Geary) , (NP (NP partner) (PP of (NP the Big Board specialist firm Ziebarth , Geary)))) .)) (TOP (S (NP-SBJ The volatility) (VP wo n't (VP end (ADVP-TMP soon))) .)) (TOP (S (NP-SBJ This Friday) (VP brings (NP (NP the `` double witching hour) , '' (NP (NP (NP Wall Street 's) nickname) (PP for (NP (NP the monthly simultaneous expiration) (PP of (NP (NP a variety) (PP of (NP (NP stock index futures) , (NP index options) and (NP (NP options) (PP on (NP individual stocks)))))))))))) .)) (TOP (S (NP-SBJ Traders) (VP are (ADVP-TMP already) (VP buckling (NP their seat belts))) .)) (TOP (S (NP-SBJ (NP Previous monthly expirations) (PP of (NP (NP the Major Market Index futures) and (NP (NP Standard & Poor 's) 100-stock index options)))) (VP have (VP produced (NP spectacular volatility))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP are (PP-LOC-PRD in (NP (NP one) (PP of (NP (NP those phases) (SBAR (WHADVP-2 where) (S (NP-SBJ-3 you) (VP are (VP going (S (NP-SBJ *-3) (VP to (VP get (NP (NP a lot) (PP of (NP volatile expiration action))))) (ADVP-LOC *T*-2)))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Donald Selkin) , (NP (NP head) (PP of (NP stock-index research)) (PP-LOC at (NP Prudential-Bache Securities)))) .)) (TOP (S (S (NP-SBJ Investors) (VP were (VP buying (NP-TMP yesterday)))) , but (S (NP-SBJ they) (VP were (VP running (ADVP-MNR scared) (PP to (NP (NP premier blue chips) (PP such as (NP (NP Procter & Gamble) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP jumped (NP-EXT (QP 3 3)) (PP-DIR to (NP 127)))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ Investors) `` (VP are (VP buying (NP (NP stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (NP predictable earnings)))))))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Edward J. Laux) , (NP (NP head) (PP of (NP block trading)) (PP-LOC at (NP Kidder Peabody)))) .)) (TOP (S (PP-LOC Along (NP the way)) , (NP-SBJ investors) (VP dumped (NP (NP takeover stocks) and (NP (NP shares) (PP of (NP (NP banks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (NP (NP leveraged-buy-out debt) and (NP risky real estate loans)) (PP-LOC on (NP their books)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ These loans) (VP are (NP-PRD (NP more) (PP of (NP a focus)) (PP than (NP lesser-developed-country debt))) (ADVP-TMP now))) , '' (VP said (S *T*-1)) (NP-SBJ (NP William Bee) , (NP (NP senior block trader) (PP-LOC at (NP Prudential-Bache Securities)))) .)) (TOP (S (NP-SBJ (NP Chase Manhattan) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP sold (NP (QP 14 million) additional shares) (PP-CLR at (NP (QP 40 1))) (NP-TMP Monday) (PP-MNR through (NP (NP an underwriting group) (VP led (NP *) (PP by (NP-LGS Goldman Sachs)))))))) ,) (VP closed (ADVP-CLR down (NP 1)) (PP to (NP 40))) .)) (TOP (S (S (NP-SBJ Citicorp) (VP fell (NP-EXT 1) (PP-DIR to (NP 32)))) , and (S (NP-SBJ Manufacturers Hanover) (VP slipped (NP-EXT 3) (PP-DIR to (NP 40 1)))) .)) (TOP (S (NP-SBJ-1 (NP Chase) and (NP (NP Citicorp 's) Citibank)) (VP are (VP involved (NP *-1) (PP-LOC-CLR in (NP the UAL buy-out financing)))) .)) (TOP (S (NP-SBJ Both (NP (NP Citicorp) and (NP Manufacturers Hanover))) (VP reported (NP earnings) (NP-TMP yesterday)) .)) (TOP (S (PP In (NP (NP the first hour) (PP of (NP trading)))) , (NP-SBJ (NP (QP about one million) shares) (NP-ADV a minute)) (VP changed (NP hands) (PP-LOC on (NP the Big Board)) (SBAR-TMP as (S (NP-SBJ big stock-index arbitrage sell programs) (VP pushed (S (NP-SBJ prices) (ADJP-PRD lower)))))) .)) (TOP (S -LRB- (PP-LOC In (NP stock-index arbitrage)) , (NP-SBJ traders) (VP buy or sell (NP (NP big baskets) (PP of (NP stocks))) (PP against (NP (NP offsetting positions) (PP in (NP futures))))) . -RRB-)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ (NP many) (PP of (NP the sell programs))) (VP are (NP-PRD (NP positions) (VP being (VP established (ADVP-TMP ahead (PP of (NP (NP this Friday 's) expiration)))))))))) .)) (TOP (S (ADVP Aside (PP from (NP computer-guided selling))) , (NP-SBJ airline stocks) (VP took (NP a beating) (ADVP as well)) .)) (TOP (S (NP-SBJ The Dow Jones Transportation Average) (VP fell (NP-EXT 49.96) (S-ADV (NP-SBJ *) (VP to (VP close (PP-CLR at (NP 1254.27)))))) .)) (TOP (S (NP-SBJ-1 (NP AMR) , (NP (NP the parent) (PP of (NP American Airlines))) ,) (VP continued (S (NP-SBJ *-1) (VP to (VP retreat (PP-TMP in (NP (NP the wake) (PP of (NP (NP New York developer Donald Trump 's) decision (S (NP-SBJ *) (VP to (VP withdraw (NP his (ADJP $ 120-a-share *U*) takeover bid)))))))))))) .)) (TOP (S (NP-SBJ The stock) (VP fell (NP-EXT (QP 3 1)) (PP-DIR to (NP 73 1)) (PP-LOC on (NP (QP 3.4 million) shares))) .)) (TOP (S (S (NP-SBJ Delta Air Lines) (VP fell (NP-EXT (QP 1 7)) (PP-DIR to (NP 67 7)))) , (S (NP-SBJ USAir Group) (VP dropped (NP-EXT 3) (PP-DIR to (NP 40 1)))) , (S (NP-SBJ Southwest Airlines) (VP dipped (NP-EXT 1) (PP-DIR to (NP 25)))) and (S (NP-SBJ Alaska Air Group) (VP slid (NP-EXT 3) (PP-DIR to (NP 24 1)))) .)) (TOP (S But (NP-SBJ (NP Texas Air) , (NP (NP the owner) (PP of (NP (NP Continental) and (NP Eastern airlines)))) ,) (VP bucked (NP (NP the group 's) decline) (PP-MNR by (S-NOM (NP-SBJ *) (VP rising (NP-EXT 7) (PP-DIR to (NP (QP 14 5))) (PP-LOC in (NP American Stock Exchange trading)))))) .)) (TOP (S (NP-SBJ Eastern) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (ADJP-PRD ahead (PP of (NP schedule))) (PP-LOC in (S-NOM (NP-SBJ *) (VP resuming (NP its operations)))) (PP-TMP after (S-NOM (NP-SBJ *) (VP filing (ADVP-TMP earlier (NP this year)) (PP-CLR for (NP (NP Chapter 11 bankruptcy protection) , (SBAR (WHPP-1 from (WHNP which)) (S (NP-SBJ-2 it) (VP expects (S (NP-SBJ *-2) (VP to (VP emerge (NP-TMP early next year) (PP *T*-1)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Philip Morris) , (NP (NP the (ADJP most active) Big Board issue) (PP for (NP the second consecutive session)))) , (VP was (ADJP-PRD unchanged) (PP-CLR at (NP (NP 43 1) (PP-LOC on (NP (QP 3.9 million) shares))))) .)) (TOP (S (S (NP-SBJ Other blue-chip consumer issues) (ADVP also) (VP fared (ADVP-MNR relatively well))) : (S (NP-SBJ PepsiCo) (VP rose (NP-EXT (QP 1 3)) (PP-DIR to (NP (QP 58 1))))) ; (S (NP-SBJ Coca-Cola Co.) (VP was (ADJP-PRD unchanged) (PP-CLR at (NP 66 3)))) ; (S (NP-SBJ (NP McDonald 's)) (ADVP also) (VP closed (ADJP-CLR unchanged) (PP-CLR at (NP (QP 30 1))))) , and (S (NP-SBJ Merck) (VP rose (NP-EXT 1) (PP-DIR to (NP (QP 75 1))))) .)) (TOP (S (NP-SBJ Broader averages) (ADVP also) (VP fell) .)) (TOP (S (S (NP-SBJ Standard & Poor 's 500-stock index) (VP fell (NP-EXT 1.69) (PP-DIR to (NP 341.16)))) , and (S (NP-SBJ the New York Stock Exchange Composite Index) (VP fell (NP-EXT 0.88) (PP-DIR to (NP 188.89)))) .)) (TOP (SINV (PP-LOC-PRD-TPC-3 Among (NP (NP the takeover-related stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP sold off) (NP yesterday))))) (VP were (PP-LOC-PRD *T*-3)) (NP-SBJ (NP Disney) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP closed (ADVP-CLR down (NP (QP 2 1))) (PP to (NP (QP 121 1))))))) .)) (TOP (S (S (NP-SBJ Philips Industries) (VP tumbled (NP-EXT 3) (PP-DIR to (NP (QP 22 7))))) ; (S (NP-SBJ Hilton Hotels) (VP fell (NP-EXT (QP 2 1)) (PP-DIR to (NP 92)))) and (S (NP-SBJ Holiday Corp.) (VP fell (NP-EXT (QP 2 1)) (PP-DIR to (NP (QP 69 7))))) .)) (TOP (S (PP-LOC Among (NP other blue chips)) , (NP-SBJ Exxon) (VP gained (NP-EXT 1/8) (PP-DIR to (NP (QP 45 1/2)))) .)) (TOP (S (S (NP-SBJ International Paper) (VP fell (NP-EXT (QP 1 3/8)) (PP-DIR to (NP (QP 51 1/2))))) , (S (NP-SBJ Union Carbide) (VP eased (NP-EXT 7/8) (PP-DIR to (NP 25)))) , (S (NP-SBJ Chevron) (VP gained (NP-EXT 1/8) (PP-DIR to (NP 64)))) , and (S (NP-SBJ Eastman Kodak) (VP closed (ADVP-CLR down (NP 3/4)) (PP to (NP (QP 44 1/4))))) .)) (TOP (S (NP-SBJ (NP The only industry group) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP show (NP (NP a gain) (PP from (NP (NP (NP the industrial average 's) record high) (PP-TMP on (NP Oct. 9)))))))))) (VP is (NP-PRD restaurants)) .)) (TOP (SINV (PP-LOC-TPC-1 Among (NP the three worst-performing groups)) , (PP with (NP (NP declines) (PP of (NP (QP 10 % to 20 %) *U*)))) , (VP are (PP-LOC-PRD *T*-1)) (NP-SBJ (NP airlines) , (NP casinos) and (NP securities brokers)) .)) (TOP (S (NP-SBJ Trading) (ADVP also) (VP was (ADJP-PRD heavy) (PP-LOC in (NP the over-the-counter market))) .)) (TOP (S (NP-SBJ The Nasdaq composite index) (VP closed (ADVP-CLR down (NP 1.05)) (PP-DIR to (NP 459.93)) (PP-LOC on (NP (NP volume) (PP of (NP (QP 161.5 million) shares))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The environment) (VP is (ADJP-PRD (NP a lot) more trading-oriented))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Gary Rosenbach) , (NP (NP manager) (PP of (NP equity trading)) (PP-LOC at (NP (NP the OTC stock firm Needham & Co.) (PP-LOC in (NP New York)))))) .)) (TOP (S `` (SBAR-PRP Because (S (NP-SBJ there) (VP is (NP-PRD (ADJP (NP a lot) more) volatility) (ADVP-TMP now)))) , (SBAR-ADV if (S (NP-SBJ guys) (VP see (SBAR that (S (NP-SBJ they) (VP can (VP make (NP a quick (ADJP (QP 10 % or 15 %) *U*) profit)))))))) , (NP-SBJ they) (VP 'll (VP take (NP it))) . '')) (TOP (S (NP-SBJ Compaq Computer) (VP gained (NP-EXT (QP 2 1)) (PP-DIR to (NP (QP 103 3))) (PP-LOC on (NP two million shares)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP market optimism) (PP about (NP (NP the prospects) (PP for (NP its (ADJP newly introduced) notebook-sized computer)))))))) .)) (TOP (S (NP-SBJ B.F. Goodrich) (VP dropped (NP-EXT (QP 1 3)) (PP-DIR to (NP 49 1))) .)) (TOP (S (NP-SBJ (NP The company 's) third-quarter earnings) (VP were (PP-PRD below (NP both (NP (NP (NP analysts ') forecasts) and (NP the year-earlier level))))) .)) (TOP (S (NP-SBJ Blue Arrow) (VP added (NP-EXT 1) (PP-DIR to (NP 17 1))) .)) (TOP (S (NP-SBJ-1 The British company) (VP plans (S (NP-SBJ *-1) (VP to (VP (VP change (NP its name) (PP-CLR to (NP (NP Manpower) , (NP (NP the name) (PP of (NP its U.S. unit)))))) , and (VP write (PRT off) (NP (NP part) (PP of (NP (NP (QP nearly $ 1.2 billion) *U*) (PP in (NP good will))))) (PP-CLR as (NP (NP a possible prelude) (PP to (S-NOM (NP-SBJ *) (VP reincorporating (PP-LOC-CLR in (NP the U.S)))))))))))) .)) (TOP (S (NP-SBJ Dravo) (VP rose (NP-EXT 5) (PP-DIR to (NP (QP 16 1)))) .)) (TOP (S (NP-SBJ Shearson Lehman Hutton) (VP began (NP (NP its coverage) (PP of (NP the company))) (PP with (NP favorable ratings))) .)) (TOP (S (NP-SBJ Intertan) (VP jumped (NP-EXT (QP 2 1)) (PP-DIR to (NP (QP 56 7)))) .)) (TOP (S (NP-SBJ The company) (VP reported (SBAR that (S (NP-SBJ (NP earnings) (PP from (NP operations)) (PP for (NP the September quarter))) (VP were (ADVP-PRD up (NP (QP about 25) %) (PP from (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ (NP Bay Financial) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP may (VP be (VP forced (S (NP-SBJ *-2) (VP to (VP file (PP-LOC under (NP Chapter 11)) (SBAR-ADV if (S (NP-SBJ it) (VP ca n't (VP reach (NP (NP an agreement (S *ICH*-3)) (PP with (NP its lenders)) (S-3 (NP-SBJ *) (VP to (VP relieve (NP its debt burden)))))))))))))))))))) ,) (VP plunged (NP-EXT (QP 1 3)) (PP-DIR to (NP (QP 2 1)))) .)) (TOP (S (NP-SBJ The Amex Market Value Index) (VP fell (NP-EXT 1.25) (PP-DIR to (NP 375.16))) .)) (TOP (S (NP-SBJ Volume) (VP totaled (NP 16,800,000 shares)) .)) (TOP (S (PP-LOC Among (NP active Amex issues)) , (NP-SBJ (NP the American depositary receipts) (PP of (NP B.A.T Industries))) (VP fell (NP-EXT 1) (PP-DIR to (NP 11 3)) (PP-LOC on (NP (NP turnover) (PP of (NP 885,800))))) .)) (TOP (S (NP-SBJ (NP Investment bankers) and (NP retailers)) (VP said (SBAR 0 (S (NP-SBJ (NP the turmoil) (PP on (NP Wall Street))) (VP may (VP benefit (NP (NP managers) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP plan (S (NP-SBJ *-2) (VP to (VP bid (PP-CLR for (NP (NP U.S. retailing units) (PP of (NP the British firm))))))))))) (SBAR-PRP because (S (NP-SBJ takeover prices) (VP may not (VP be (ADJP-PRD as high (PP as (FRAG (PP before (NP the recent correction)))))))))))))) .)) (TOP (S (NP-SBJ (NP Fruit) (PP of (NP the Loom))) (VP slipped (NP-EXT 1) (PP-DIR to (NP (QP 12 3))) (PP-LOC on (NP 501,200 shares))) .)) (TOP (S (NP-SBJ DWG Corp.) (VP jumped (NP-EXT (QP 1 1)) (PP-DIR to (NP 15)) (PP-LOC on (NP 454,100 shares))) .)) (TOP (S (NP-SBJ Carnival Cruise Lines Class A) (VP dropped (NP-EXT 1) (PP-DIR to (NP (QP 21 1))) (PP-LOC on (NP 331,400 shares))) .)) (TOP (S (NP-SBJ (NP Amex issues) (PP with (NP big percentage price gains))) (VP included (NP (NP two Eastern Air Lines preferred stocks) , (S (NP-SBJ *) (VP reacting (PP-CLR to (NP (NP the news) (PP about (NP (NP improved recovery) (PP-LOC in (NP flight schedules)) (SBAR-TMP after (S (NP-SBJ the company) (VP filed (PP-CLR for (NP bankruptcy protection))))))))))))) .)) (TOP (S (S (NP-SBJ (NP Eastern 's) Class F preferred) (VP rose (NP-EXT (NP 12 %) , or (NP (QP 1 1)) ,) (PP-DIR to (NP (QP 11 3))))) ; (S (NP-SBJ the Class E preferred) (VP gained (NP-EXT (NP 7 %) , or (NP 5) ,) (PP-DIR to (NP (QP 10 1))))) .)) (TOP (S (NP-SBJ (NP The biggest percentage gainer) (PP-LOC on (NP the Amex))) (VP was (NP-PRD (NP Enviropact) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP jumped (NP-EXT (NP 23 %) , or (NP 5) ,) (PP-DIR to (NP 3 3)) (PP-LOC on (NP (NP volume) (PP of (NP 29,000 shares))))))))) .)) (TOP (S (PP-TMP On (NP Monday)) , (NP-SBJ (NP the company) , (NP (NP a provider) (PP of (NP environmental consulting services))) ,) (VP (VP reported (NP a wider fiscal fourth-quarter loss)) and (VP predicted (NP (NP a loss) (PP for (NP its fiscal 1990 first quarter)))) , but (VP said (SBAR 0 (S (NP-SBJ-1 a profit) (VP is (VP expected (NP *-1) (PP for (NP (NP all) (PP of (NP fiscal 1990)))))))))) .)) (TOP (S But (NP-SBJ (NP its auditor) , (NP Ernst & Young) ,) (VP said (SBAR 0 (S (NP-SBJ (NP Enviropact 's) financial situation) (VP raises `` (NP (NP substantial doubt) (PP about (NP its ability (S (NP-SBJ *) (VP to (VP continue (PP-CLR as (NP a going concern)))))))))))) . '')) (TOP (S (NP-SBJ Mission Resource Partners) (VP advanced (NP-EXT (NP 8 %) , or (NP (QP 1 3))) , (PP-DIR to (NP (QP 18 7)))) .)) (TOP (S (NP-SBJ (NP Sonja Steptoe) and (NP David Wilson)) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ ONE LIBERTY PROPERTIES Inc.) (VP declared (NP (NP a dividend) (PP of (NP (NP 40 cents) (NP-ADV a share))) (PP-LOC on (NP its (ADJP $ 16.50 *U*) cumulative convertible preferred stock)) , (ADJP payable (NP-TMP Jan. 2) (PP to (NP (NP stock) (PP of (NP record)) (NP-TMP Dec. 8)))))) .)) (TOP (S But (NP-SBJ (NP directors) (PP of (NP the (NAC-LOC Great Neck , N.Y. ,) real estate investment trust))) (VP did n't (VP act (PP-CLR on (NP the common stock dividend)))) .)) (TOP (S-2 And (NP-SBJ they) (VP wo n't (VP consider (NP such a dividend))) (PRN , (S (NP-SBJ the trust) (VP added (SBAR 0 (S *T*-2)))) ,) (SBAR-TMP before (S (NP-SBJ (NP results) (PP *ICH*-1)) (VP are (ADJP-PRD available) (PP-1 for (NP (NP the first quarter) (PP of (NP 1990))))))) .)) (TOP (S (PP In (NP part)) , (NP-SBJ the trust) (VP cited (NP the need (S (NP-SBJ *) (VP to (VP retain (NP cash) (PP for (NP possible acquisitions))))))) .)) (TOP (S (PP According (PP to (NP a spokesman))) , (NP-SBJ One Liberty) (VP will (VP have (VP paid (PRT out) (PP-CLR as (NP dividends)) (NP (NP the required amount) (PP of (NP its taxable income))) (S-PRP (NP-SBJ *) (VP to (VP maintain (NP (NP its legal status) (PP as (NP a real estate investment trust))))))))) .)) (TOP (S (NP-SBJ-1 Banks) (VP are (VP continuing (S (NP-SBJ *-1) (VP to (VP go (PP-CLR after (NP individual investors))))) , (PP despite (NP falling interest rates)))) .)) (TOP (S (NP-SBJ (NP Yields) (PP-LOC on (NP (NP small-denomination certificates) (PP of (NP deposit))))) (VP fell (PP at (NP (NP (QP about half) the rate) (PP of (NP so-called jumbo CDs)))) (NP-TMP this week) , (PP according (PP to (NP (NP Banxquote Money Markets) , (NP (NP an information service) (VP based (NP *) (ADVP-LOC-CLR here))))))) .)) (TOP (S (NP-SBJ Investors) (VP can (VP get (NP (NP (NP (ADJP slightly higher) yields) (PP-LOC on (NP (NP deposits) (PP below (NP $ 50,000 *U*))))) (SBAR than (S (NP-SBJ they) (VP can (VP *?* (PP on (NP (NP deposits) (PP of (NP $ 90,000 *U* (QP and up)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 Banks) (VP want (S (NP-SBJ *-2) (VP to (VP remain (ADJP-PRD competitive)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Norberto Mehl) , (NP (NP chairman) (PP of (NP Banxquote)))) .)) (TOP (S `` (S (NP-SBJ October) (VP is (NP-PRD a big rollover month))) and (S (ADVP perhaps) (NP-SBJ they) (VP anticipate (NP (NP greater demand ...) (PP-LOC among (NP (NP people) (VP leaving (NP the stock market))))))) . '')) (TOP (S (NP-SBJ Some bankers) (VP are (VP reporting (NP (NP (NP more inquiries) (PP *ICH*-1)) (PP than (ADJP usual)) (PP-1 about (NP CDs))) (PP-TMP since (NP Friday)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Reports) (PP from (NP branches))) (VP are (SBAR-PRD that (S (NP-SBJ there) (VP has (VP been (NP-PRD greater interest) (PP-TMP in (NP (NP the last day) or (ADVP so))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Steven Braitman) , (NP (NP a vice president) (PP-LOC at (NP (NP Chemical Bank) (PP-LOC in (NP New York)))))) .)) (TOP (S (NP-SBJ Chemical) (VP said (SBAR 0 (S (S (NP-SBJ deposits) (NP-TMP Monday) (VP were (ADJP-PRD (ADJP (NP (QP about $ 5 million) *U*) higher) (PP than (ADJP usual))))) and (S (NP-SBJ it) (VP expects (NP more activity) (SBAR-TMP as (S (NP-SBJ investors) (VP receive (NP the proceeds) (PP-CLR from (NP (NP sales) (PP of (NP stock)))))))))))) .)) (TOP (S `` (NP-SBJ This) (VP is (NP-PRD (NP no time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP be (VP playing (PP-LOC-CLR in (NP the street)) (ADVP *T*-1)))))))) ...)) (TOP (SINV (S (NP-SBJ the Dow) (VP has (NP (NP more ups and downs) (PP than (NP an elevator))))) , '' (VP proclaimed) (NP-SBJ (NP an advertisement) (NP-TMP Monday) (PP-LOC in (NP New York newspapers))) , (S-ADV (NP-SBJ *) (VP touting (NP (NP Lincoln Savings Bank 's) one-year CD))) .)) (TOP (S (NP-SBJ (NP Harold Jones) , (NP (NP Lincoln 's) chief retail banking officer) ,) (VP said (SBAR 0 (S (NP-SBJ there) (VP has n't (ADVP-TMP yet) (VP been `` (NP-PRD a discernible response) , '' (SBAR-ADV although (S (NP-SBJ the ad) (VP included (NP (NP a coupon) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP arrive (ADVP-TMP-CLR later (PP in (NP the week)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Friday 's) market rout) (VP came (PP (ADVP smack) in (NP (NP the middle) (PP of (NP (NP the heaviest month) (PP for (NP CD rollovers)) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP a number) (PP of (NP banks and thrifts))) (ADVP-TMP already) (VP have (S (NP-SBJ promotions) (PP-PRD under (NP way))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP First National Bank) (PP-LOC of (NP Boston))) , (PP for (NP example)) , (VP is (VP offering (NP certain new depositors) (NP (NP an extra quarter) (PP of (NP a percentage point))) (PP-LOC on (NP six-month and 12-month CDs)))) .)) (TOP (S (NP-SBJ Some banks) (ADVP actually) (VP boosted (NP (NP yields) (PP-LOC on (NP the shortest term CDs))) (PP-TMP in (NP the latest week))) .)) (TOP (S (NP-SBJ (NP New York 's) Citibank) , (PP for (NP instance)) , (VP increased (NP (NP the yield) (PP-LOC on (NP small-denomination three-month CDs))) (PP-DIR to (NP 8 %)) (PP-DIR from (NP 7.9 %))) .)) (TOP (S (PP On (NP average)) , (ADVP however) , (NP-SBJ (NP three-month CDs) (PP-LOC at (NP major banks))) (VP are (VP yielding (ADJP (ADJP (NP (NP a tenth) (PP of (NP a percentage point))) less) (SBAR than (S (NP-SBJ they) (VP were (VP *?* (ADVP-TMP (NP a week) ago)))))))) .)) (TOP (S (NP-SBJ (NP Average yields) (PP-LOC on (NP (NP CDs) (VP aimed (PP-DIR at (NP individual investors)))))) (VP fell (ADJP (ADJP less) (PP than (NP (NP (QP half as much)) (PP as (NP (NP yields) (PP on (NP (NP Treasury bills) (VP sold (NP *) (PP-LOC at (NP (NP Monday 's) auction))))))))))) .)) (TOP (S (NP-SBJ (NP Six-month CDs) (PP of (NP (NP $ 50,000 *U*) (QP and less)))) (VP yielded (NP an average 8.02 %) (PP-TMP in (NP (NP the week) (VP ended (NP-TMP Tuesday)))) , (ADVP down (PP from (NP 8.10 %))) , (PP according (PP to (NP Banxquote)))) .)) (TOP (S (NP-SBJ (NP The yield) (PP on (NP six-month T-bills))) (VP fell (PP-DIR to (NP 7.82 %)) (PP-TMP on (NP Monday)) , (PP-DIR from (NP 8.01 %) (NP (NP the week) (ADVP before)))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ (NP the average yield) (PP on (NP (NP six-month CDs) (PP of (NP (QP more than $ 90,000) *U*))))) (VP fell (PP-DIR to (NP 7.93 %)) (PP-TMP in (NP the latest week)) , (PP according (PP to (NP Banxquote))) , (PP-DIR from (NP 8.10 %) (NP (NP the week) (ADVP before)))) .)) (TOP (S (NP-SBJ Mr. Mehl) (VP noted (SBAR that (S (S (NP-SBJ actual rates) (VP are (ADJP-PRD almost identical) (PP-LOC on (NP small and large-denomination CDs)))) , but (S (NP-SBJ-1 (NP yields) (PP on (NP (NP CDs) (VP aimed (PP-DIR at (NP the individual investor)))))) (VP are (VP boosted (NP *-1) (PP by (NP-LGS (ADJP more frequent) compounding)))))))) .)) (TOP (S (NP-SBJ (NP CDs) (VP sold (PP by (NP-LGS (NP major brokerage houses) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *-1) (PP like (NP jumbo CDs)) (VP tend (S (NP-SBJ *-2) (VP to (VP (ADVP-MNR closely) follow (NP interest rate trends))))))) ,)))) (ADVP also) (VP posted (NP (NP larger drops) (PP-LOC in (NP yields)))) .)) (TOP (S (NP-SBJ A six-month , broker-sold CD) , (PP for (NP example)) , (VP was (VP yielding (NP (NP an average 8.09 %) (ADJP *ICH*-1)) (PP-TMP in (NP the latest week)) , (ADJP-1 (ADJP (NP (NP a fifth) (PP of (NP a percentage point))) lower) (PP than (NP (NP the week) (ADVP before)))))) .)) (TOP (S (PP-TMP In (NP (NP late April) , (SBAR (WHADVP-1 when) (S (NP-SBJ interest rates) (VP were (PP-PRD at (NP their recent highs)) (ADVP-TMP *T*-1)))) ,)) (NP-SBJ (NP short-term CDs) (VP sold (NP *) (PP by (NP-LGS brokers)))) (VP were (VP offering (NP (NP yields) (ADJP (ADJP (NP (NP (QP half) a percentage point) (QP or more)) higher) (PP than (NP banks)))))) .)) (TOP (S (NP-SBJ-1 CD yields) (VP are (ADVP generally) (VP expected (S (NP-SBJ *-1) (VP to (VP fall (ADVP-CLR further))) (PP-TMP in (NP coming weeks))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (SBAR-NOM (WHNP-3 What) (S (NP-SBJ *T*-3) (VP happened (PP-LOC in (NP the stock market))))) and (NP (NP the bigger trade deficit) '' (VP reported (NP *) (NP-TMP yesterday)) ``)) (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (ADJP-PRD unlikely) (SBAR-2 that (S (NP-SBJ short-term interest rates) (VP will (VP rise '' (NP-TMP (NP any time) (ADVP soon))))))))) , (VP said (S *T*-1)) (NP-SBJ (NP Mr. Mehl) (PP of (NP Banxquote))) .)) (TOP (SINV `` (S-TPC-1 (PP (ADVP Even) before (NP the market drop)) , (NP-SBJ rates) (VP were (ADVP-PRD down (NP (ADVP about half) a percentage point)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Robert J. Hutchinson) , (NP (NP senior vice president) (PP for (NP retail marketing)) (PP-LOC at (NP (NP Manufacturers Hanover Trust Co.) (PP-LOC in (NP New York)))))) .)) (TOP (S `` (NP-SBJ That) (VP puts (NP pressure) (PP-PUT on (NP CD rates))) .)) (TOP (S (NP-SBJ Conservatives) (VP have (NP (NP an important decision) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP make (NP *T*-1) (NP-TMP this fall))))))) .)) (TOP (S (PP-LOC At (NP (NP the recent meetings) (PP of (NP the World Bank and International Monetary Fund)))) , (NP-SBJ the Bush administration) (VP announced (NP its intention (S (NP-SBJ *) (VP to (VP decide (PP-TMP by (NP yearend)) (NP (NP the size) (PP of (NP (NP the next increase) (PP-LOC in (NP (NP the IMF 's) capital base)))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP the U.S. share) (PP of (NP the increase))) (ADVP probably) (VP will not (VP reach (NP (NP (NP the (QP $ 12 billion) *U*) (QP or more)) (ADJP implicit (PP in (NP (NP (NP the IMF 's) request) (PP for (NP (NP a doubling) (PP of (NP its (ADJP (QP $ 90 billion) *U*) capital)))))))))))) , (NP-SBJ the administration) (ADVP probably) (VP will (VP agree (PP-CLR to (NP a multibillion-dollar increase)))) .)) (TOP (S (NP-SBJ This) (VP would (VP be (ADJP-PRD consistent (PP (PP with (NP (NP its unwavering support) (PP for (NP (NP the Brady Plan) and (NP G-7 exchange-rate intervention))))) , and (PP with (NP (NP its financial commitment) (PP to (NP Mexico , Poland and others)))))))) .)) (TOP (S (NP-SBJ-1 The IMF) (VP has (NP (NP several reasons) (PP for (S-NOM (NP-SBJ *-1) (VP requesting (NP the increase)))))) .)) (TOP (S (NP-SBJ (NP Its role) (PP-LOC in (NP (NP the economies) (PP of (NP developing countries))))) (VP has (VP grown (ADVP-MNR steadily) (PP-TMP since (NP the 1970s)))) .)) (TOP (S (NP-SBJ (NP The size and pace) (PP of (NP disbursements))) (VP will (VP accelerate (ADVP-CLR further) (PP-LOC under (NP (NP the Brady Plan) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP promises (NP (ADJP larger and earlier) disbursements) (PP-DTV to (NP approved countries))))))))) .)) (TOP (S (NP-SBJ (QP At least three) other factors) (VP have (VP encouraged (S (NP-SBJ the IMF) (VP to (VP insist (PP-CLR on (NP increased capital))))))) .)) (TOP (S (LST First) , (NP-SBJ it) (VP argues (SBAR that (S (NP-SBJ-1 its capital base) (VP must (VP be (VP increased (NP *-1) (SBAR-PRP (PP in (NP order)) (S (NP-SBJ *) (VP to (VP maintain (NP (NP its size) (ADJP relative (PP to (NP (NP world financial markets) , (SBAR (WHPP-2 for (WHNP which)) (S (NP-SBJ it) (VP feels (NP-PRD some responsibility) (PP *T*-2)))))))))))))))))) .)) (TOP (S (LST Second) , (NP-SBJ (NP (NP the World Bank 's) recent (ADJP (QP $ 75 billion) *U*) capital increase) (PRN -- (NP (NP (QP $ 14 billion) *U*) (PP from (NP the U.S.))) --)) (VP has (VP left (NP-SBJ the IMF) (S-MNR (NP-SBJ *) (VP feeling (ADJP-PRD less (PP than (NP (NP first fiddle) (PP-LOC among (NP international financial institutions))))))))) .)) (TOP (S (LST Third) , (NP-SBJ-1 the IMF) (VP would (VP like (S (NP-SBJ *-1) (VP to (VP meet (NP (NP (NP Japan 's) request) (PP for (NP (NP increased ownership) (PRN -LRB- (NP currently 4.5 %) -RRB-))))))))) .)) (TOP (S (NP-SBJ Japan) (VP (VP has (VP supported (NP (NP a larger role) (PP for (NP the IMF)) (PP-LOC in (NP developing-country debt issues))))) , and (VP (VP is (NP-PRD (NP an important financial resource) (PP for (NP (NP IMF-guided programs) (PP in (NP developing countries)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ international politics) (VP may (VP argue (PP-CLR for (NP the capital increase)))))) , (NP-SBJ there) (VP is (NP-PRD (NP a clear economic case) (PP against (NP it)))) .)) (TOP (S (NP-SBJ (NP Opponents) (PP of (NP the increase))) (VP argue (SBAR that (S (NP-SBJ-1 the IMF) (VP practices (NP central planning) (SBAR-TMP while (S-NOM (NP-SBJ *-1) (VP supporting (NP ineffective governments)))))))) .)) (TOP (S (NP-SBJ They) (VP question (SBAR whether (S (NP-SBJ the IMF) (VP has (NP (NP any role) (PP-LOC in (NP developing countries))) , (PP given (NP its original mandate (S (NP-SBJ *) (VP to (VP assist (NP industrial countries) (PP-LOC in (NP balance-of-payments emergencies))))))))))) .)) (TOP (S (NP-SBJ Opponents) (VP show (SBAR that (S (NP-SBJ there) (VP are (ADVP-TMP already) (NP-PRD (NP (NP more funds) (ADJP available)) (PP than (NP commendable reform efforts))))))) .)) (TOP (S (NP-SBJ They) (VP worry (SBAR that (S (NP-SBJ (NP new IMF funding) (PP of (NP developing countries))) (VP (VP will (ADVP simply) (VP end (PRT up) (S (NP-SBJ *) (VP substituting (NP IMF debt) (PP-CLR for (NP reschedulable commercial bank debt))))) ,) (NP (NP a bad trade) (ADVP all around)))))) .)) (TOP (S (NP-SBJ They) (VP believe (SBAR 0 (S (NP-SBJ (NP microeconomics) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP addresses (NP (NP the problems) (PP of (NP (NP markets) , (NP investment climate) and (NP management practices))))))) ,) (VP is (NP-PRD (NP (NP the key) (PP to (NP developing-country growth))) , not (NP (NP (NP the IMF 's) Keynesian focus) (PP-LOC on (NP (NP trade deficits) , (NP quarterly targets) and (NP government debt))))))))) .)) (TOP (S (NP-SBJ They) (VP point (PP-CLR at (NP (NP the numerous developing-country governments) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP inflated , taxed and regulated (NP themselves) (PP-CLR into (NP despair)) (PP-LOC under (NP successive IMF programs))))))))) .)) (TOP (S (NP-SBJ-1 (NP Decisions) (PP-LOC on (NP (NP increases) (PP-LOC in (NP (NP the IMF 's) capital base))))) (ADVP traditionally) (VP are (VP made (NP *-1) (PP by (NP-LGS the administration)) , (PP with (NP (NP subsequent) authorization (PP by (NP Congress)))))) .)) (TOP (S (NP-SBJ (NP The last U.S. congressional authorization) , (PP-TMP in (NP 1983)) ,) (VP (VP was (NP-PRD a political donnybrook)) and (VP carried (NP a (ADJP (QP $ 6 billion) *U*) housing program) (ADVP along (PP with (NP it))) (S-PRP (NP-SBJ *) (VP to (VP secure (NP adequate votes)))))) .)) (TOP (S (NP-SBJ (NP The politics) (PP of (NP the 1990 congressional authorization))) (VP are (ADJP-PRD likely (S (NP-SBJ *) (VP to (VP be (ADJP-PRD similar (PP to (NP (NP those) (PP of (NP previous authorizations)))))))))) .)) (TOP (S (NP-SBJ Liberals) (VP may (VP support (NP (NP the stabilizing , quasi-governmental role) (PP of (NP the IMF))) (PP on (NP (NP two conditions) : (SBAR (SBAR that (S (NP-SBJ the administration) (VP give (NP assurances (SBAR that (S (NP-SBJ-1 (NP liberal Democrats ') support) (VP will not (VP be (VP used (NP *-1) (PP-CLR against (NP them)) (PP-LOC in (NP congressional re-election campaigns))))))))))) ; and (SBAR that (S (NP-SBJ the legislation) (VP address (PRN -- (PP with (NP dollars)) --) (NP (ADJP social and environmental) concerns))))))))) .)) (TOP (S (NP-SBJ-1 Conservative Republicans) (VP will (VP be (VP given (NP *-1) (NP (NP the choice) (PP of (S-NOM (NP-SBJ *) (VP supporting or fighting (NP (NP their party 's) popular president) (PP-TMP in (NP an election year))))))))) .)) (TOP (S (NP-SBJ-1 A U.S. decision (S (NP-SBJ *) (VP to (VP (VP refuse (NP the IMF) (NP its capital increase)) , or (VP limit (NP it) (PP-CLR to (NP 25 %))) ,)))) (VP (VP would (VP bring (NP (NP a major change) (PP-LOC in (NP international economic policy))))) , and (VP could not (VP be (VP taken (NP *-1) (ADVP-CLR lightly))))) .)) (TOP (S (NP-SBJ Commentators) (VP would (VP fret (PP-CLR over (NP (NP the implications) (PP for (NP (NP the G-7 coordination process) and (NP (NP the stability) (PP of (NP world financial markets))))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ (NP commercial banks) and (NP the developing-country governments)) (VP believe (SBAR 0 (S (NP-SBJ they) (VP will (VP get (NP (NP a piece) (PP of (NP any capital increase)))))))))) , (NP-SBJ a scaled-down IMF mission) (VP would (VP leave (S (NP-SBJ both) (VP feeling (ADJP-PRD shortchanged))))) .)) (TOP (S (ADVP Furthermore) , (NP-SBJ (NP a U.S. rejection) (PP of (NP (NP the capital increase) (PRN -LRB- and (NP (NP transfer) (PP of (NP shares)) (PP to (NP Japan))) -RRB-)))) (VP would (VP give (NP Japan) (NP (NP an argument) (PP against (NP (NP future calls) (PP for (NP economic burden-sharing))))))) .)) (TOP (S (PP On (NP the other hand)) , (NP-SBJ a decision (S (NP-SBJ *) (VP to (VP increase (NP (NP the IMF 's) capital))))) (VP would (VP reinforce (NP (NP the central economic role) (PP of (NP (NP multilateral institutions) (PP-LOC in (NP developing countries))))))) .)) (TOP (S (PP With (NP the increase)) , (NP-SBJ-1 (ADJP even more) developing-country energy and talent) (VP would (VP be (VP diverted (NP *-1) (PP-DIR from (S-NOM (NP-SBJ *) (VP creating (NP profitable economic systems)))) (PP-DIR to (S-NOM (NP-SBJ *) (VP setting (PRT up) (NP (NP economic planning ministries) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP generate (NP IMF-approved economic plans))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Upping (NP the ante))) (VP could (VP slow (NP economic development) (ADVP even further)) , (SBAR-TMP as (S (NP-SBJ countries) (VP delay (NP market-opening steps) (PP in (NP (NP anticipation) (PP of (NP richer multilateral support)))))))) .)) (TOP (S (NP-SBJ Conservatives) (VP should (VP take (NP a position) (PP-TMP prior (PP to (NP (NP the administration 's) year-end deadline))))) .)) (TOP (S (NP-SBJ The issues) (VP are (ADJP-PRD too important (S (NP-SBJ-1 *) (VP to (VP be (VP left (NP *-1) (PP-DTV to (NP (NP the financial and budget ministries) (VP fighting (PP-CLR over (NP (NP (NP the size) (PP of (NP the capital increase))) , (PP rather than (NP its purpose))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ conservatives) (VP do n't (VP support (NP (NP an increase) (PP-LOC in (NP (NP the IMF 's) capital))))))) , (ADVP then) (NP-SBJ (NP it) (S *EXP*-1)) (VP is (ADJP-PRD incumbent (PP on (NP them))) (S-1 (NP-SBJ *) to (VP (VP speak (PRT up) (ADVP-TMP now)) and (VP explain (NP the alternative))))) .)) (TOP (S (NP-SBJ Mr. Malpass) (VP directs (NP (NP the Republican staff) (PP of (NP (NP the Joint Economic Committee) (PP of (NP Congress)))))) .)) (TOP (S (NP-SBJ-2 The Chicago Mercantile Exchange) (VP fined and suspended (NP (NP two commodities traders) (VP accused (NP *-2) (PP-CLR of (S-NOM (NP-SBJ *) (VP making (NP (NP prearranged trades) (SBAR *ICH*-1)) (PP-CLR with (NP each other)) (SBAR-1 (WHNP-3 that) (S (NP-SBJ *T*-3) (ADVP allegedly) (VP cheated (NP a customer)))))))))) .)) (TOP (S (NP-SBJ Merc officials) (VP said (SBAR 0 (S (NP-SBJ-1 Gary N. Roberts) (VP was (VP disciplined (NP *-1) (PP-TMP following (NP (NP (NP the exchange 's) investigation) (PP of (NP (NP his trading) (PP-LOC in (NP several commodities pits)) (PP-TMP (PP from (NP July)) (PP to (NP November 1988)))))))))))) .)) (TOP (S (NP-SBJ The Merc) (VP said (SBAR 0 (S (NP-SBJ Mr. Roberts) (VP withheld (PP-CLR from (NP the market)) (NP certain orders) (PP in (NP (NP cooperation) (PP with (NP (NP another trader) , (NP David Stein))))))))) .)) (TOP (S (NP-SBJ The Merc) (VP (VP fined (NP Mr. Roberts) (NP $ 15,000 *U*)) and (VP suspended (NP his trading membership) (PP-TMP for (NP three years)))) .)) (TOP (S (ADVP Also) , (NP-SBJ-1 (NP he) and (NP Mr. Stein)) (VP were (VP ordered (S (NP-SBJ *-1) (VP to (VP make (NP (NP restitution) (PP of (NP $ 35,000 *U*))) (PP-CLR to (NP a customer))))))) .)) (TOP (S (NP-SBJ Mr. Stein) (VP was (VP (VP fined (NP $ 25,000 *U*)) and (VP suspended (PP-TMP for (NP three years))))) .)) (TOP (S (NP-SBJ-1 Messrs. Roberts and Stein) (VP could n't (VP be (VP reached (NP *-1) (PP-PRP for (NP comment))))) .)) (TOP (S (NP-SBJ The Merc) (VP said (SBAR that (S (PP as (NP (NP part) (PP of (NP the disciplinary settlement)))) , (NP-SBJ neither man) (VP admitted , nor denied (NP the alleged violations))))) .)) (TOP (S (NP-SBJ Neither) (VP was (PP-LOC-PRD among (NP (NP the 46 traders) (VP indicted (NP *) (NP-TMP last August) (PP-LOC in (NP (NP a federal investigation) (PP of (NP (NP traders) (PP-LOC at (NP both (NP (NP the Merc) and (NP (NP the Chicago Board) (PP of (NP Trade)))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a move) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP pose (NP a new competitive challenge) (PP-CLR to (NP (NP Time Warner Inc. 's) powerful Home Box Office)))))))) , (NP-SBJ-2 cable giant Tele-Communications Inc.) (VP agreed (S (NP-SBJ *-2) (VP to (VP buy (NP (NP half) (PP of (NP Showtime Networks Inc.))) (PP-CLR from (NP Viacom Inc.)) (PP for (NP (QP $ 225 million) *U*)))))) .)) (TOP (S (NP-SBJ The purchase) (VP comes (PP-TMP after (NP (NP nearly three years) (PP of (NP (NP on-again off-again talks) (PP between (NP (NP TCI) and (NP (NP Viacom) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (ADVP also) (VP discussed (NP (NP the sale) (PP of (NP (NP an interest) (PP-LOC in (NP Showtime))))) (PP-CLR with (NP other cable operators)))))))))))))) .)) (TOP (S (NP-SBJ Showtime) (VP (VP is (NP-PRD (NP a distant No. 2) (PP to (NP Home Box Office)))) , and (VP (PP-TMP in (NP May)) filed (NP a (ADJP (QP $ 2.5 billion) *U*) antitrust suit) (PP-CLR against (NP Time Warner)) , (S-SBJ (NP-SBJ *) (VP charging (NP (NP the company) and (NP its HBO and American Television cable units)) (PP-CLR with (S-NOM (NP-SBJ-1 *) (VP conspiring (S (NP-SBJ *-1) (VP to (VP monopolize (NP the pay TV business))))))))))) .)) (TOP (S (NP-SBJ HBO) (VP has (NP (NP (QP close to 24 million) subscribers) (PP to (NP its HBO and Cinemax networks))) , (SBAR-ADV while (S (NP-SBJ (NP Showtime) and (NP (NP its sister service) , (NP The Movie Channel) ,)) (VP have (NP (QP only about 10) million)))) , (PP according (PP to (NP (NP Paul Kagan Associates) , (NP a (NAC-LOC Carmel , Calif. ,) research firm))))) .)) (TOP (S (PP For (NP TCI)) , (NP-SBJ (NP the investment) (PP-LOC in (NP Showtime))) (VP puts (NP it) (PP-PUT in (NP (NP an unusual position))) ; (S (PP as (NP (NP the largest cable operator) , (PP with (NP (NP control) (PP of (NP (NP (QP close to 12 million)) (PP of (NP (NP the nation 's) (QP 52 million) cable subscribers)))))) ,)) (NP-SBJ TCI) (VP is (NP-PRD (NP HBO 's) largest customer)))) .)) (TOP (S But (NP-SBJ TCI President John Malone) (VP (VP has (ADVP-TMP long) (VP been (VP concerned (PP-CLR about (NP (NP (NP HBO 's) dominance) (PP of (NP the pay TV business))))))) , and (VP has (VP been (ADJP-PRD eager (S (NP-SBJ *) (VP to (VP keep (NP Showtime) (PP-CLR as (NP a healthy competitor))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADJP-PRD important (PP to (NP the cable industry))) (SBAR-1 that (S (NP-SBJ we) (VP have (NP a vibrant and competitive pay-television marketplace)))))) , '' (NP-SBJ Mr. Malone) (VP said (S *T*-2) (PP-LOC in (NP a statement))) .)) (TOP (S (PP-LOC In (NP a telephone interview)) , (NP-SBJ (NP Robert Thomson) , (NP TCI senior vice president) ,) (VP said (SBAR 0 (S (S (NP-SBJ (NP (NP Showtime 's) suit) (PP against (NP HBO))) `` (VP does n't (VP involve (NP us)))) , and (S (NP-SBJ (NP nothing) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP 're (VP doing (NP *T*-1) (ADVP-LOC here)))))) (VP bears (NP any relationship) (PP-CLR to (NP that))))))) . '')) (TOP (S (NP-SBJ He) (VP added , `` (S (NP-SBJ-2 We) (VP do n't (VP intend (S (NP-SBJ-1 *-2) (VP to (VP be (VP drawn (NP *-1) (PP-DIR into (NP it))))))))) , '' (S-ADV (NP-SBJ *) (VP noting (SBAR that (S (NP-SBJ TCI) (VP wo n't (VP play (NP any active role) (PP-LOC in (NP (NP the management) (PP of (NP Showtime))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Linking (PRT up) (NP Showtime) (PP-CLR with (NP (NP the largest cable operator) (PP-LOC in (NP the U.S.)))))) (VP could (VP (ADVP-MNR sharply) boost (NP its subscribers))) .)) (TOP (S (NP-SBJ TCI) (VP said (SBAR 0 (S (NP-SBJ it) (VP may (VP (VP bring (ADVP-CLR in) (NP other cable operators) (PP-CLR as (NP investors))) , (NP (NP a practice) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP has (VP employed (NP *T*-1) (PP-TMP in (NP the past)) (PP with (NP (NP investments) (PP-LOC in (NP (NP other cable networks) , (PP such as (NP The Discovery Channel)))))))))))))))) .)) (TOP (S (NP-SBJ Additional cable partners) (VP could (VP boost (NP subscribers) (ADVP even further))) .)) (TOP (S (NP-SBJ Time Warner) (VP declined (NP comment)) .)) (TOP (S (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ *-1) (VP owning (NP HBO)))))) , (NP-SBJ-1 Time Warner) (VP owns (NP (NP American Television & Communications Inc.) , (NP (NP (NP the nation 's) second largest cable operator) (PP after (NP TCI))))) .)) (TOP (S (S (NP-SBJ Viacom) (ADVP also) (VP owns (NP cable systems))) , but (S (NP-SBJ it) (VP is (NP-PRD (NP (NP the 14th largest operator) (PP of (NP such systems))) , (PP with (NP (QP less than one million) subscribers))))) .)) (TOP (S (NP-SBJ The TCI investment) (VP is (NP-PRD (NP a big victory) (PP for (NP (NP (NP (NP Viacom 's) chief executive officer) , (NP Frank Biondi)) , and (NP (NP Winston H. Cox) , (NP (NP president) (PP of (NP the Showtime unit)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This) (VP (VP takes (NP (NP any question) (PP of (NP (NP Showtime 's) viability)))) and (VP puts (NP it) (ADVP-PUT away) (UCP-ADV (ADVP once) and (PP for (NP all)))))) , '' (NP-SBJ Mr. Biondi) (VP said (S *T*-1) (PP-LOC in (NP a telephone interview))) .)) (TOP (S (NP-SBJ (NP The fight) (PP between (NP (NP HBO) and (NP Showtime)))) (VP is (ADJP-PRD particularly acrimonious) (SBAR-PRP because (S (S (NP-SBJ Mr. Biondi) (VP is (NP-PRD (NP the former chief executive) (PP of (NP HBO))))) , and (S (NP-SBJ Mr. Cox) (VP served (PP-CLR as (NP (NP chief) (PP of (NP marketing)))) (PP for (NP the service))))))) .)) (TOP (S (NP-SBJ They) (VP were (ADVP both) (VP hired (PP by (NP-LGS (NP Sumner Redstone) , (NP (NP the Boston billionaire) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP took (NP (NP control) (PP of (NP Viacom))) (ADVP-TMP (NP three years) ago) (PP-LOC in (NP a leveraged buy-out)))))))))) .)) (TOP (S (NP-SBJ Time Warner) (VP has (VP (ADVP-MNR vigorously) denied (NP (NP all) (PP of (NP (NP Viacom 's) allegations))))) .)) (TOP (S (NP-SBJ (NP Boeing Co.) , (VP (ADVP-TMP already) struck (NP *) (PP by (NP-LGS its Machinists union))) ,) (ADVP briefly) (VP (VP called (PRT off) (NP (NP contract talks) (PP with (NP its engineers)))) and (VP labeled (S (NP-SBJ their demands) `` (ADJP-PRD grossly excessive)))) . '')) (TOP (S (ADVP-TMP Later) , (ADVP however) , (NP-SBJ-1 the company) (VP agreed (S (NP-SBJ *-1) (VP to (VP meet (PP-TMP on (NP Monday)) (PP-CLR with (NP the Seattle Professional Engineering Employees Association)) (SBAR-TMP after (S (NP-SBJ a federal mediator) (VP intervened)))))) , (PP according (PP to (NP the union)))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP the engineers))) (VP said (SBAR 0 (S (NP-SBJ the company) (VP asked (NP-2 the union) (S (NP-SBJ *-2) (VP to (VP reduce (NP (NP its demands) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP included (NP (NP (NP a (ADJP 19 %) pay hike) (PP-TMP in (NP the first year))) and (NP (NP 8 %) (PP-TMP in (NP the (ADJP second and third) years))))))))))))))) .)) (TOP (S (NP-SBJ The union) (VP represents (NP (QP about 28,000) (NX (NX engineers) and (NX technical workers)))) .)) (TOP (S (NP-SBJ Its contract) (VP expires (NP-TMP-CLR Dec. 1)) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 a federal mediator) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP meet (NP-TMP today) (PP-CLR with (NP (NP Boeing officials) and (NP (NP representatives) (PP of (NP 55,000 striking Machinists)))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP It) (S *EXP*-1)) (VP will (VP take (NP several meetings) (S-1 (NP-SBJ *) (VP to (VP resolve (NP this))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP a spokesman) (PP for (NP the Machinists union))) .)) (TOP (S `` (NP-SBJ-2 We) (VP do n't (VP want (S (NP-SBJ *-2) (VP to (VP bring (ADVP-CLR back) (NP (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ the members) (VP will (VP reject (NP *T*-1))))))))))) . '')) (TOP (S (NP-SBJ Machinists) (ADVP-TMP already) (VP have (VP rejected (NP (NP a package) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP have (VP provided (NP (NP (NP a (ADJP 10 %) pay raise) plus (NP bonuses)) (PP over (NP (NP the three-year life) (PP of (NP the contract))))))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP would (VP have (VP reduced (NP mandatory overtime)))) .)) (TOP (S (NP-SBJ Investor Asher Edelman) (VP (VP increased (NP (NP his stake) (PP-LOC in (NP Intelogic Trace Inc.)))) and (VP cleared (NP the way) (PP-CLR for (NP additional purchases)))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP was n't (ADJP-PRD clear) , (ADVP however) , (SBAR-1 whether (S (NP-SBJ-2 the actions) (VP were (VP related (NP *-2) (PP-CLR to (NP (NP a battle) (PP between (NP (NP the corporate raider) and (NP New York attorney Martin Ackerman))) (PP for (NP (NP control) (PP of (NP (NP Datapoint Corp.) , (NP a (ADJP San Antonio , Texas-based) data-processing systems maker)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Intelogic Trace) , (NP a computer services company) ,) (VP was (VP spun (NP *-1) (PRT off) (PP-CLR to (NP Datapoint holders)) (PP-TMP in (NP 1985)) , (SBAR-TMP after (S (NP-SBJ Mr. Edelman) (VP gained (NP control)))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ Mr. Ackerman) (VP announced (SBAR 0 (S (NP-SBJ he) (VP was (VP soliciting (NP consents) (PP-CLR from (NP shareholders)) (SBAR-PRP (PP in (NP order)) (S (NP-SBJ *) (VP to (VP wrest (NP (NP control) (PP of (NP Datapoint))) (PP-CLR from (NP Mr. Edelman))))))))))))) , (NP-SBJ the corporate raider) (VP purchased (NP (NP 30 %) (PP of (NP (NP Datapoint 's) shares)))) .)) (TOP (S (PP-LOC In (NP a Securities and Exchange Commission filing)) , (NP-SBJ Mr. Edelman) (VP said (SBAR 0 (S (PP-TMP (PP from (NP Sept. 29)) (PP to (NP Oct. 13))) , (NP-SBJ he) (VP acquired (NP (NP 309,500 shares) (PP of (NP Intelogic common shares))) (PP-CLR for (NP (NP (QP $ 2.25 to $ 2.375) *U*) (NP-ADV each))))))) .)) (TOP (S (NP-SBJ The purchases) (VP increased (NP his stake) (PP-DIR to (NP (NP 16.2 %) (PP of (NP (NP the shares) (ADJP outstanding)))))) .)) (TOP (S (NP-SBJ The filing) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 (NP certain provisions) (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP apply (PP-CLR to (NP (NP persons) (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP acquiring (NP (NP 20 % (QP or more)) (PP of (NP Intelogic common stock)))))))))))) , (VP were (VP waived (NP *-1) (PP by (NP-LGS Intelogic)) (PP-CLR for (NP (NP Mr. Edelman) , (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP is (NP-PRD (NP chairman) (PP of (NP the company))))))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Edelman) (VP could n't (VP be (VP reached (NP *-1) (PP for (NP comment))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The federal government) (VP should (VP make (S (NP-SBJ (NP free , voluntary testing) (PP for (NP the AIDS virus))) (NP-PRD (NP the cornerstone) (PP of (NP an expanded campaign (S (NP-SBJ *) (VP to (VP stop (NP (NP the spread) (PP of (NP acquired immune deficiency syndrome))))))))))))) , (NP-SBJ the Hudson Institute) (VP recommended (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-3 (PP-MNR By (S-NOM (NP-SBJ *) (VP encouraging (NP massive , routine , voluntary testing)))) (NP-SBJ we) (VP can (VP enable (S (NP-SBJ society) (VP to (VP (ADVP-MNR voluntarily) segregate (NP itself) (ADVP sexually) (PP-CLR into (NP (NP two groups) : (NP (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP carry (NP the virus))))) and (NP (NP those) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP do not (VP *?*)))))))))))))) , '' (NP-SBJ the Indianapolis research organization) (VP said (S *T*-3) (PP-LOC in (NP a new report))) .)) (TOP (S (NP-SBJ The report) (VP (VP takes (NP (NP a (ADJP more alarmed) view) (PP of (NP AIDS)))) and (VP recommends (NP (NP a (ADJP more sweeping) response) (PP than (NP many other analyses))))) .)) (TOP (S (NP-SBJ It) (VP warns (SBAR that (S (NP-SBJ the AIDS epidemic) `` (VP may (VP (VP reduce (NP (NP the rate) (PP of (NP (NP growth) (PP of (NP the work force)))))) , (VP curb (NP productivity gains)) and (VP slow (NP economic growth))))))) . '')) (TOP (S (NP-SBJ It) (VP contends (SBAR that (S (NP-SBJ-1 current government policy) (VP is (VP failing (S (NP-SBJ *-1) (VP to (VP stem (NP the AIDS epidemic)))) (SBAR-PRP because (S (NP-SBJ it) (VP suggests (SBAR 0 (S (NP-SBJ (NP the use) (PP of (NP condoms))) (VP can (VP make (S (NP-SBJ sex) `` (ADJP-PRD safe)))))))))))))) . '')) (TOP (S But (NP-SBJ the report) (VP says : (SBAR 0 (S `` (S (NP-SBJ The only safe sex) (VP is (NP-PRD (NP sex) (PP between (NP uninfected partners))))) , '' and (S (NP-SBJ testing) (VP is (NP-PRD (NP the only way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP learn (PP-CLR of (NP infection) (ADVP-MNR *T*-1)))))))))))) .)) (TOP (S (NP-SBJ (NP Hudson 's) researchers) (VP estimated (SBAR that (S (NP-SBJ (NP it) (S *EXP*-1)) (VP would (VP cost (NP (NP (QP less than $ 650 million) *U*) (NP-ADV a year)) (S-1 (NP-SBJ *) (VP to (VP test (NP (NP the entire population) (PP between (NP (NP the ages) (PP of (NP (NP (QP 12 and 65) years) (ADJP old)))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the report) (VP recommends (SBAR that (S (NP-SBJ federal and state governments) (VP provide (NP free treatment) (PP-CLR to (NP (NP all) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP test (S-CLR (NP-SBJ *-2) (ADJP-PRD positive))))))))))) .)) (TOP (S (S (NP-SBJ (NP An (ADJP unexpectedly sharp) widening) (PP-LOC in (NP (NP the U.S. trade gap) (PP for (NP August))))) (VP dragged (S (NP-SBJ the dollar) (ADVP-PRD lower)) (NP-TMP Tuesday))) , but (S (NP-SBJ (NP profit-taking) (PP-LOC on (NP short positions))) (VP helped (S (NP-SBJ-1 the currency) (VP rebound (S (NP-SBJ *-1) (VP to (VP close (ADJP mixed) (PP against (NP major counterparts))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the market) (VP kept (NP (NP careful tabs) (PP-LOC on (NP (NP Wall Street 's) gyrations)))))) , (NP-SBJ it) (VP shrugged (PRT off) (NP (NP a modest downturn) (PP-LOC in (NP equities))) (S-PRP (NP-SBJ *) (VP to (VP bid (NP the dollar) (PP (ADVP well) above (NP (NP the day 's) lows)))))) .)) (TOP (S (PP-TMP (ADVP Soon) after (NP (NP the release) (PP of (NP the U.S. trade figures)))) , (NP-SBJ the dollar) (VP plunged (PP-DIR to (NP (NP an intraday low) (PP of (NP 140.95 yen))))) .)) (TOP (S (S (NP-SBJ It) (ADVP also) (VP declined (PP-CLR against (NP the mark)))) but (S (NP-SBJ *) (VP did n't (VP reach (NP (NP its intraday low) (PP of (NP 1.8435 marks))) (PP-TMP until (ADVP (NP two hours) later))))) .)) (TOP (S (NP-SBJ The unit) (VP stabilized (NP-TMP (NP about midday) (NP New York time)) (PP at (NP (NP (QP around 1.85) marks) and (NP 141 yen))) , (S-ADV (NP-SBJ *) (VP prompting (NP unconfirmed rumors (SBAR that (S (NP-SBJ-1 the U.S. Federal Reserve) (VP had (VP intervened (S-PRP (NP-SBJ *-1) (VP to (VP blunt (NP (NP the unit 's) tumble)))))))))))) .)) (TOP (S (NP-SBJ The dollar) (VP finished (PP-CLR at (NP its intraday highs))) .)) (TOP (S (NP-SBJ Dealers) (VP noted (SBAR that (S (NP-SBJ-1 (NP (NP the foreign exchange market 's) initial bearish reaction) (PP to (NP the U.S. trade figures))) (VP was (VP tempered (NP *-1) (ADVP-TMP later) (PP by (NP-LGS (NP a `` calmer reassessment) (PP of (NP the data))))))))) . '')) (TOP (S (NP-SBJ The U.S. Commerce Department) (VP reported (NP (NP (NP a (ADJP (QP $ 10.77 billion) *U*) deficit) (PP-TMP in (NP August))) , (PP compared (PP with (NP (NP a revised July deficit) (PP of (NP (QP $ 8.24 billion) *U*))))))) .)) (TOP (S (NP-SBJ Economists) (VP had (VP expected (NP a (ADJP (QP $ 9.1 billion) *U*) gap))) .)) (TOP (S (NP-SBJ The August figure) (VP reflected (NP (NP (NP a (ADJP 6.4 %) rise) (PP-LOC in (NP imports))) and (NP (NP a (ADJP 0.2 %) drop) (PP in (NP exports))))) .)) (TOP (S (NP-SBJ (NP Marc M. Goloven) , (NP (NP an economist) (PP with (NP (NP Manufacturers Hanover Trust) (PP-LOC in (NP New York))))) ,) (VP said (SBAR that (S (SBAR-ADV while (S (NP-SBJ-1 the figures) (VP appear (S (NP-SBJ *-1) (VP to (VP indicate (NP a (ADJP sadly deteriorating) U.S. trade performance))))))) , (NP-SBJ there) (VP 's (ADVP-TMP still) (NP-PRD (NP (NP enough positive news (S *ICH*-2)) (PP-LOC in (NP the data))) (S-2 (NP-SBJ *) (VP to (VP justify (S (NP-SBJ *) (VP buying (NP dollars))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (SBAR-ADV while (S (NP-SBJ (NP the U.S. trade gap) (PP with (NP Canada))) (VP has (VP widened (ADVP significantly))))) , (NP-SBJ-1 (NP the trade deficit) (PP with (NP (NP Western Europe) and (NP Japan)))) (VP continues (S (NP-SBJ *-1) (VP to (VP narrow))))))) .)) (TOP (S And (NP-SBJ he) (VP added (SBAR that (S (NP-SBJ manufactured goods exports) (VP are (ADVP-TMP still) (VP rising))))) .)) (TOP (S (NP-SBJ (NP The dollar 's) near-term path) (VP remains (ADJP-PRD foggy) , (PP according (PP to (NP (NP currencny analysts) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP characterize (NP the market) (PP-CLR as `` (ADJP bewildering))))))))) . '')) (TOP (S (PP-LOC In (NP late New York trading)) (NP-TMP yesterday) , (NP-SBJ-1 the dollar) (VP was (VP quoted (NP *-1) (PP-CLR (PP at (NP (NP 1.8667 marks) , (ADVP down (PP from (NP 1.8685 marks) (NP-TMP late Monday))))) , and (PP at (NP (NP 142.75 yen) , (ADVP up (PP from (NP 141.85 yen) (NP-TMP late Monday)))))))) .)) (TOP (S (NP-SBJ Sterling) (VP was (ADJP-PRD unchanged) (PP-CLR at (NP $ 1.5753 *U*))) .)) (TOP (S (PP-LOC In (NP Tokyo)) (NP-TMP Wednesday) , (NP-SBJ the U.S. currency) (VP opened (PP-CLR for (NP trading)) (PP-CLR at (NP (NP 142.55 yen) , (ADJP unchanged (PP from (NP (NP Tuesday 's) Tokyo close)))))) .)) (TOP (S (ADVP-TMP Later) , (NP-SBJ the U.S. currency) (VP fell (PP-DIR to (NP (QP about 142.25) yen)) (PP on (NP (NP news reports) (PP of (NP the San Francisco earthquake))))) .)) (TOP (S (NP-SBJ Some analysts) (VP (VP remain (ADJP-PRD bullish)) and (VP point (PRT out) (SBAR that (S (NP-SBJ-1 the dollar) (VP continues (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD well bid)))) (PP despite (NP (NP (NP key rate increases) (PP-LOC in (NP Europe and Japan))) , (NP (NP (NP several weeks) (PP of (NP (NP aggressive dollar sales) (PP by (NP the world central banks))))) (PRN -- (S (NP-SBJ some traders) (VP estimate (SBAR that (S (NP-SBJ (NP the barrage) (PP of (NP sales))) (VP topped (NP (QP $ 12 billion) *U*)))))) --)) and (NP (NP a 190-point plunge) (PP-LOC on (NP the New York Stock Exchange)))))))))) .)) (TOP (S (NP-SBJ They) (VP note (SBAR that (S (NP-SBJ the U.S. unit) (VP is (VP trading (PP-CLR at (NP (NP the upper end) (PP of (NP (NP the presumed target zones) (VP established (NP *) (PP by (NP-LGS the (NX-TTL (NP Group) (PP of (NP Seven))) trading partners)))))))))))) .)) (TOP (S (NP-SBJ The G-7) (VP comprises (NP (NP West Germany) , (NP the U.S.) , (NP France) , (NP the U.K.) , (NP Italy) , (NP Canada) and (NP Japan))) .)) (TOP (S (NP-SBJ-1 The so-called Louvre accord) (VP was (VP seen (S (NP-SBJ *-1) (VP to (VP have (VP set (NP (NP ranges) (PP of (NP (NP (NP 1.70 marks) (PP to (NP 1.90 marks))) and (NP (NP 120 yen) (PP to (NP 140 yen)))))))))))) .)) (TOP (S (NP-SBJ They) (VP say (SBAR that (S (S (NP-SBJ (NP the recent injection) (PP of (NP liquidity)) (PP into (NP the U.S. banking system))) (VP has (VP been (ADJP-PRD modest)))) , and (S (NP-SBJ they) (VP do n't (VP anticipate (NP (NP significant easing) (PP by (NP the U.S. Federal Reserve))))))))) .)) (TOP (S (NP-SBJ The Fed) (VP arranged (NP (NP (NP (QP $ 1.5 billion) *U*) (PP of (NP customer repurchase agreements)))) (NP-TMP Tuesday) , (NP (NP the second repurchase agreement) (PP-TMP in (NP two days)))) .)) (TOP (S (NP-SBJ-1 (NP The move) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP injects (NP capital) (PP-DIR into (NP the system))))) ,) (VP is (VP seen (NP *-1) (PP-CLR as (NP an effort (S (NP-SBJ *) (VP to (VP reassure (NP the finanicial markets) (SBAR that (S (NP-SBJ the U.S. central bank) (VP is (ADJP-PRD ready (S (NP-SBJ *) (VP to (VP provide (NP the ample liquidity))))))))))))))) .)) (TOP (S But (NP-SBJ other analysts) (VP contend (SBAR that (S (SBAR while (S (NP-SBJ (NP the Fed 's) move (S (NP-SBJ *) (VP to (VP loosen (NP credit))))) (VP has n't (VP been (ADJP-PRD aggressive))))) , (NP-SBJ it) (ADVP nevertheless) (VP sends (NP a clear signal (SBAR that , (S (PP-TMP (PP at least) for (NP now)) , (NP-SBJ the Fed) (VP has (VP relaxed (NP (NP its grip) (PP-LOC on (NP credit)))))))))))) .)) (TOP (S (NP-SBJ They) (VP add (SBAR that (S (NP-SBJ the Fed) (VP has (VP allowed (NP-1 the key federal funds interest rate) (S (NP-SBJ *-1) (VP to (VP dip (PP-DIR to (NP (QP about 8 5) %)) (PP-DIR from (NP (NP its levels) (PP of (NP (QP just below 9) %) (NP-TMP last week)))))))))))) .)) (TOP (S (NP-SBJ The federal funds rate) (VP is (NP-PRD (NP the overnight lending rate) (SBAR (WHNP-1 that) (S (NP-SBJ banks) (VP charge (NP each other) (NP *T*-1)))))) .)) (TOP (S (NP-SBJ Market participants) (VP said (SBAR that (S (NP-SBJ-1 the mark) (VP continues (S (NP-SBJ *-1) (VP to (VP post (NP (NP the (ADJP most significant) gains) (PP against (NP the dollar)))))))))) .)) (TOP (S (PP-LOC On (NP (NP the Commodity Exchange) (PP-LOC in (NP New York)))) , (NP-SBJ (NP gold) (PP for (NP current delivery))) (VP settled (PP-CLR at (NP (NP (NP $ 367.40 *U*) (NP-ADV an ounce)))) , (ADVP up (NP 10 cents))) .)) (TOP (S (NP-SBJ Estimated volume) (VP was (NP-PRD a moderate (QP 3.5 million) ounces)) .)) (TOP (S (PP-LOC In (NP (NP early trading) (PP-LOC in (NP Hong Kong)))) (NP-TMP Wednesday) , (NP-SBJ gold) (VP was (PP-PRD at (NP (NP $ 366.55 *U*) (NP-ADV an ounce)))) .)) (TOP (S (NP-SBJ National Semiconductor Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP settled (NP (NP a four-year-old patent infringement case) (PP against (NP Linear Technology Corp.))) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP accepting (NP a (ADJP (QP $ 3 million) *U*) payment) (PP from (NP Linear)) (PP in (NP (NP exchange) (PP for (S-NOM (NP-SBJ *) (VP granting (NP Linear) (NP (NP irrevocable licenses) (PP for (NP (NP all products) (VP involved (NP *))))))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The two companies) (ADVP also) (VP agreed (S (NP-SBJ *-1) (VP to (VP settle (NP (NP any future property rights issues) (PP-TMP over (NP the next 10 years))) (PP-MNR through (NP binding arbitration))))))) , (NP-SBJ both companies) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The products) (VP are (NP-PRD (NP so-called analog integrated circuits) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (NP (NP applications) (PP-LOC in (NP the consumer electronics , automobile and electronic instrumentation markets)))))))) .)) (TOP (S (NP-SBJ (NP Linear Technology) , (NP (NP Milpitas) , (NP Calif.) ,)) (VP called (S (NP-SBJ the settlement) `` (ADJP-PRD positive)) , '' (SBAR-PRP since (S (NP-SBJ (NP products) (VP covered (NP *) (PP by (NP-LGS the disputed patents)))) (VP account (PP-CLR for (NP (NP (QP about 20) %) (PP of (NP its annual sales)))))))) .)) (TOP (S (NP-SBJ The electronics concern) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP already) (VP (VP has (VP paid (NP (NP (QP $ 2 million) *U*) (PP of (NP the settlement))) (PP-DTV to (NP (NP National Semiconductor) , (NP (NP Santa Clara) , (NP Calif.)))))) , and (VP will (VP pay (NP the remaining (QP $ 1 million) *U*) (PP-MNR in (NP equal installments)) (PP-TMP over (NP the next eight quarters)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The payments) (VP are n't (VP expected (S (NP-SBJ *-1) (VP to (VP have (NP an impact) (PP-LOC-CLR on (NP coming operating results)))))))) , (NP-SBJ Linear) (VP added (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 (NP NBC 's) winning streak) (VP has (VP been (VP canceled (NP *-1)))) .)) (TOP (S (NP-SBJ (NP The National Broadcasting Co.) , (NP (NP a unit) (PP of (NP General Electric Co.))) ,) (VP had (S (NP-SBJ-1 (NP its record-breaking 68-week reign) (PP as (NP the prime-time ratings leader))) (VP snapped (NP *-1) (NP-TMP yesterday) (PP by (NP-LGS (NP ABC-TV) , (NP (NP a subsidiary) (PP of (NP Capital Cities/ABC Inc)))))))) .)) (TOP (S (PP-LOC In (NP (NP the ratings) (VP compiled (NP *) (PP by (NP-LGS the A.C. Nielsen Co.))))) , (NP-SBJ (NP ABC) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP broadcast (NP the World Series)))) ,) (VP topped (NP the competition) (PP-CLR with (NP a 14.8 rating and 25 share))) .)) (TOP (S (NP-SBJ NBC) (VP was (ADJP-PRD second) (PP with (NP a (NX (NX 13.9 rating) and (NX 24 share)))) (PP followed (PP by (NP (NP (NP CBS Inc. 's) television network) (PP with (NP a (NX (NX 12.5 rating) and) (NX 21 share))))))) .)) (TOP (S -LRB- (S (NP-SBJ A ratings point) (VP represents (NP 904,000 television households))) ; (S (NP-SBJ shares) (VP indicate (NP (NP the percentage) (PP of (NP (NP sets) (PP in (NP use))))))) . -RRB-)) (TOP (S (S (NP-SBJ (NP The first two games) (PP of (NP the World Series)) (PP between (NP the (NX (NX Oakland Athletics) and (NX San Francisco Giants))))) (VP did n't (VP finish (PP-LOC in (NP the top 10))))) ; (S (ADVP instead) (NP-SBJ they) (VP landed (PP-LOC-CLR in (NP 16th and 18th place)))) .)) (TOP (S (NP-SBJ-1 The highest-rated show) (VP continues (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP ABC 's) `` Roseanne))))) . '')) (TOP (S (S (NP-SBJ NBC) (VP had (NP (NP (NP five) (PP of (NP the top 10))) shows))) ; (S (S (NP-SBJ ABC) (VP had (NP four))) and (S (NP-SBJ CBS) (VP had (NP one)))) .)) (TOP (S (NP-SBJ CBS) (VP held (NP (NP the previous record) (PP for (NP consecutive No. 1 victories)) (PRN -- (NP 46 weeks) --)) (PP-TMP during (NP the 1962-63 season))) .)) (TOP (S (NP-SBJ (NP Procter & Gamble Co.) , (NP Cincinnati) ,) (S (NP-SBJ *) (VP expanding (NP (NP its presence) (PP-LOC in (NP the food service market))))) , (VP said (SBAR 0 (S (NP-SBJ it) (VP acquired (NP (NP Maryland Club Foods) , (NP a coffee supplier) ,) (PP-CLR from (NP (NP an investor group) (VP led (NP *) (PP by (NP-LGS (NP F. Philip Handy) (PP of (NP (NP Winter Park) , (NP Fla)))))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ (NP Houston-based Maryland Club Foods) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP (NP sales) (PP of (NP (QP about $ 200 million) *U*))) (NP-TMP last year)))) ,) (VP sells (NP coffee) (PP-LOC under (NP the Maryland Club and Butter-Nut brands)) (PP-DTV to (NP restaurants , hotels , offices and airlines))) .)) (TOP (S (S-TPC-1 (NP-SBJ The acquisition) `` (VP gives (NP us) (NP (NP (NP additional production capacity) (PP for (NP the food service coffee business))) and (NP a stronger distribution network)))) , '' (NP-SBJ a P&G spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ P&G) (ADVP-TMP already) (VP sells (NP its Folgers ground roast coffee) (PP-DTV (PP to (NP food service concerns)) , but not (PP to (NP (NP as many markets) (PP as (NP Maryland Club)))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ P&G) (PP (ADVP up) until (NP now)) (VP (VP has n't (VP sold (NP coffee) (PP-DTV to (NP airlines)))) and (VP does (NP only limited business) (PP-CLR with (NP (NP hotels) and (NP large restaurant chains))))) .)) (TOP (S (NP-SBJ Maryland Club) (ADVP also) (VP distributes (NP (NP tea) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP fits (ADVP-MNR well) (PP with (NP (NP P&G 's) (NX (NX Tender Leaf brand) , and (NX hot cocoa products))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ the acquisition) (VP has (VP been (VP completed and reviewed (PP by (NP-LGS the Federal Trade Commission)))))))) .)) (TOP (S (NP-SBJ The purchase) (VP includes (NP (NP (NP a coffee-roasting plant) (PP-LOC in (NP (NP Omaha) , (NP Neb.) ,))) and (NP (NP a leased facility) (PP-LOC in (NP Houston))))) .)) (TOP (S (NP-SBJ MACMILLAN BLOEDEL Ltd.) (VP said (SBAR 0 (S (NP-SBJ it) (VP borrowed (NP (NP (QP 215 million) Dutch guilders) (PRN -LRB- (NP (QP US$ 102 million) *U*) -RRB-)) (PP-CLR from (NP (NP a group) (PP of (NP Dutch institutional investors)))))))) .)) (TOP (S (NP-SBJ (NP MacMillan Bloedel) , (NP a (NAC-LOC Vancouver , British Columbia ,) forest products concern) ,) (VP said (SBAR 0 (S (NP-SBJ the (ADJP 8.1 %) loan) (VP is (ADJP-PRD due (NP-TMP Oct. 16 , 1996)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Funds) (VP will (VP be (VP used (NP-3 *-1) (S-CLR (S (NP-SBJ *-3) (VP to (VP repay (NP existing short-term debt)))) and (S (NP-SBJ *-3) (VP to (VP finance (NP capital spending))))))))) , (NP-SBJ it) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ President Bush) (VP will (VP veto (NP (NP a bill) (VP funding (NP (NP the Departments) (PP of (NP (NP Labor) , (NP Education) and (NP Health and Human Services)))))) (SBAR-PRP because (S (NP-SBJ it) (VP would (VP allow (NP (NP federal funding) (PP of (NP (NP abortions) (PP for (NP (NP victims) (PP of (NP rape and incest)))))))))))))) , (NP-SBJ the White House) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Mr. Bush) (VP had (VP threatened (NP a veto) (ADVP-TMP previously))) .)) (TOP (S But (NP-SBJ he) (VP put (PRT off) (NP a firm decision) (SBAR-TMP while (S (NP-SBJ his aides and legislators) (VP searched (PP-CLR for (NP (NP a compromise) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP tighten (NP (NP requirements) (PP for (NP such abortions))) (PP-MNR in (NP (NP a way) (ADJP acceptable (PP to (NP the president))))))))))))))) .)) (TOP (S (NP-SBJ White House Press Secretary Marlin Fitzwater) (VP said (SBAR 0 (S (NP-SBJ (NP negotiations) (PP between (NP (NP Bush aides) and (NP lawmakers)))) (VP ended (NP-TMP-CLR Monday) (PP without (NP success)))))) .)) (TOP (S (NP-SBJ Most lawmakers) (VP think (SBAR 0 (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP will (VP be (ADJP-PRD extremely difficult) (SBAR-1 for (S (NP-SBJ (NP (NP Mr. Bush 's) opponents) (PP-LOC on (NP the abortion issue))) (VP to (VP round (PRT up) (NP (NP the votes) (VP needed (S-PRP (NP-SBJ *) (VP to (VP override (NP the veto))))))))))))))) .)) (TOP (S But (NP-SBJ there) (ADVP-TMP still) (VP may (VP be (NP-PRD (NP (NP prolonged debate) and (NP political maneuvering)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP holds (ADVP up) (NP (NP the (ADJP (QP $ 156.7 billion) *U*) funding bill) (PP for (NP (NP the fiscal year) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP began (NP-TMP-CLR Oct. 1))))))))))))) .)) (TOP (S (NP-SBJ Mr. Bush) (VP has (VP said (SBAR 0 (S (NP-SBJ he) (ADVP personally) (VP approves (PP-CLR of (NP abortions)) (PP-LOC in (NP (NP the cases) (PP of (NP (NP rape) , (NP incest) and (NP (NP danger) (PP to (NP (NP the life) (PP of (NP the mother)))))))))))))) .)) (TOP (S But (NP-SBJ he) (VP has (VP opposed (NP (NP Medicaid funding) (PP of (NP abortions)) (PP for (NP (NP poor women) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP say (SBAR 0 (S (NP-SBJ they) (VP are (NP-PRD (NP victims) (PP of (NP rape and incest)))))))))))) , (S-ADV (NP-SBJ *) (VP arguing (SBAR that (S (NP-SBJ-1 those exceptions) (VP are (VP enforced (NP *-1) (ADVP (ADVP so loosely) (SBAR that (S (NP-SBJ they) (VP open (NP (NP the way) (PP for (NP (NP abortions) (PP for (NP other women))))))))))))))))) .)) (TOP (NP-HLN NEWSPAPERS :)) (TOP (S (NP-SBJ-2 Media General Inc.) (VP intends (S (NP-SBJ *-2) (VP to (VP sell (NP (NP (NP two) (PP of (NP its West Coast weekly newspaper chains))) (PRN , (NP (NP Golden West Publishing Inc.) and (NP Highlander Publications)) ,) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP together) (VP comprise (NP 31 papers))))))))) .)) (TOP (S (NP-SBJ Media General) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP (VP has (VP had (NP (NP inquiries) (PP from (NP potential buyers))))) and (VP expects (S (NP-SBJ *-1) (VP to (VP complete (NP a sale) (PP-TMP in (NP 1989)))))))))) .)) (TOP (S (NP-SBJ It) (VP would n't (VP discuss (NP a price))) .)) (TOP (S (NP-SBJ-1 Lee Dirks & Associates) (VP is (S (NP-SBJ *-1) (VP to (VP sell (NP the chains))))) .)) (TOP (S (NP-SBJ (NP J.P. Morgan & Co.) , (NP-LOC New York) ,) (VP will (VP help (NP (NP the statutory managers) (PP of (NP DFC New Zealand Ltd.))) (S (NP-SBJ *) (VP to (VP evaluate (NP (NP the failed investment bank 's) condition)))))) .)) (TOP (S (ADVP-TMP Earlier (NP this month)) , (NP-SBJ (NP (NP the Reserve Bank) (PP of (NP New Zealand))) , (NP (NP the country 's) central bank) ,) (VP appointed (NP-1 the managers) (S (NP-SBJ *-1) (VP to (VP (VP run (NP the investment bank)) and (VP pay (NP creditors)))))) .)) (TOP (S (NP-SBJ DFC) (VP asked (NP-1 the central bank) (S (NP-SBJ *-1) (VP to (VP appoint (NP managers)))) (SBAR-TMP after (S (NP-SBJ it) (VP revised (NP loan-loss provisions) (PP-DIR to (NP (NP around the same level) (PP of (NP (NP (NP shareholders ') funds) (PP of (NP (NP (QP 180 million) New Zealand dollars) (PRN -LRB- (NP (QP US$ 105.4 million) *U*) -RRB-))))))))))) .)) (TOP (S (NP-SBJ-1 DFC) (VP is (VP (VP held (NP *-1) (NP-ADV-2 80 %) (PP-3 by (NP-LGS (NP National Provident Fund) , (NP (NP New Zealand 's) largest pension fund)))) , and (VP (NP-ADV=2 20 %) (PP=3 by (NP-LGS (NP Salomon Brothers Inc.) , (NP (NP the (ADJP investment-bank and securities-firm) subsidiary) (PP of (NP (NP Salomon Inc.) (PP-LOC in (NP New York)))))))))) .)) (TOP (S (NP-SBJ-1 (NP A spokeswoman) (PP for (NP (NP J.P. Morgan) , (NP (NP parent) (PP of (NP the bank Morgan Guaranty Trust Co.))) ,))) (VP (VP confirmed (NP its appointment (S (NP-SBJ *) (VP to (VP assist (NP the managers)))))) but (VP declined (S (NP-SBJ *-1) (VP to (VP elaborate))))) .)) (TOP (S (NP-SBJ The managers) (VP said (PP-LOC in (NP a brief statement)) (NP-TMP yesterday) (SBAR that (S (NP-SBJ-1 Morgan) (VP will (VP (VP help (S (NP-SBJ *-1) (VP evaluate (NP (NP DFC 's) position)))) and (VP help (S (NP-SBJ *-1) (VP determine (NP alternatives))))))))) .)) (TOP (S (NP-SBJ-1 The managers) (VP do n't (VP expect (S (NP-SBJ *-1) (VP to (VP complete (NP the evaluation) (PP-TMP until (NP Nov. 30))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ An experimental vaccine) (VP can (VP alter (NP (NP the immune response) (PP of (NP (NP people) (VP infected (NP *) (PP-CLR with (NP the AIDS virus))))))))) , (NP-SBJ a prominent U.S. scientist) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP However) , (NP-SBJ that) (VP does n't (VP mean (SBAR 0 (S (NP-SBJ they) (VP can (VP benefit (PP-CLR from (NP the vaccine)))))))) .)) (TOP (S (NP-SBJ-1 Its effectiveness) (VP ca n't (VP be (VP determined (NP *-1) (SBAR-TMP until (S (NP-SBJ-2 a large clinical trial) (VP is (VP undertaken (NP *-2) (PP by (NP-LGS the Army)) (PP-TMP in (NP January)))))) , (PP according (PP to (NP (NP Robert Redfield) , (NP (NP chief) (PP of (NP acquired immune deficiency syndrome research)) (PP-LOC at (NP (NP Walter Reed Army Institute) (PP of (NP Research))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Dr. Redfield 's) report) (PP on (NP (NP early experiments) (VP using (NP (NP an AIDS vaccine) (VP made (PP by (NP-LGS (NP MicroGeneSys Inc.) (PP-LOC of (NP (NP West Haven) , (NP Conn.))))))))))) , (VP came (PP-LOC-CLR at (NP (NP a meeting) (PP of (NP AIDS vaccine researchers)))) (PP-LOC in (NP Florida)) (NP-TMP late Monday)) .)) (TOP (S (NP-SBJ-2 (NP The vaccine) , (NP VaxSyn HIV-1) ,) (VP has (VP been (VP (ADVP-MNR safely) given (NP *-2) (PP-DTV to (NP (NP 14 people) , (SBAR (WHNP-3 some (WHPP of (WHNP whom))) (S (NP-SBJ *T*-3) (VP are (VP experiencing (NP (NP substantial increases) (PP-LOC in (NP certain antibodies)))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 The conventional wisdom) (VP used (S (NP-SBJ *-1) (VP to (VP be (SBAR-PRD that (S (NP-SBJ you) (VP could n't (VP modify (NP (NP the immune response) (PP of (NP an infected individual))) '' (PP-MNR by (S-NOM (NP-SBJ *) (VP innoculating (NP them) (PP-CLR with (NP synthetic viral proteins)))))))))))))) , (NP-SBJ Dr. Redfield) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S `` (NP-SBJ We) (VP 've (VP demonstrated (SBAR that (S (NP-SBJ you) (VP can (VP *?*)))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ certain volunteers) (VP developed (NP (NP (NP kinds) (PP of (NP antibodies))) (VP associated (NP *) (PP-CLR with (NP early AIDS)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Other antibodies) (VP sparked (NP *) (PP by (NP-LGS the preparation)))) (VP are (PP-PRD of (NP (NP a sort) (ADJP rarely present (PP in (NP large quantities)) (PP in (NP (ADJP infected or ill) individuals))))))) , (NP-SBJ he) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the mysteries) (PP of (NP AIDS))))) (VP remains (SBAR-NOM (WHADVP why) (S (NP-SBJ infected people) (VP (VP produce (NP (NP large quantities) (PP of (NP antibodies)))) , but (VP deteriorate (ADVP nonetheless)))))) .)) (TOP (S (NP-SBJ Cross & Trecker Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP reached (NP an agreement (S (NP-SBJ *) (VP to (VP sell (NP its Wiedemann division) (PP-DTV to (NP (NP (ADJP recently created) Murata Wiedemann Inc.) , (NP (NP a U.S. affiliate) (PP of (NP (NP Murata Machinery Ltd.) (PP-LOC of (NP (NP Kyoto) , (NP Japan)))))))))))))))) .)) (TOP (S (NP-SBJ The agreement) (ADVP also) (VP includes (NP (NP the purchase) (PP of (NP (NP Cross & Trecker 's) (NP Warner & Swasey (PRN -LRB- (NP Switzerland) -RRB-) AG unit))) (PP by (NP-LGS (NP a European affiliate) (PP of (NP Murata Machinery)))))) .)) (TOP (S (NP-SBJ Cross & Trecker) (VP is (ADVP also) (VP selling (NP (NP its equity interest) (PP-LOC in (NP (NP a Japanese joint venture) , (NP Murata Warner Swasey) ,))) (PP-DTV to (NP Murata Machinery)))) .)) (TOP (S (NP-SBJ (NP Cross & Trecker) , (NP a (NAC-LOC Bloomfield Hills , Mich. ,) machine-tool maker) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the net sales price) (PP of (NP the total transaction))) (VP is (NP-PRD (QP $ 24 million) *U*))))) .)) (TOP (S (NP-SBJ The Wiedemann division) (VP was (NP-PRD (NP one) (PP of (NP (NP three businesses) (VP put (NP *) (PRT up) (PP for (NP sale)) (PP-LOC in (NP (NP (NP Cross & Trecker 's) restructuring program) (VP announced (NP *) (PP-TMP-CLR in (NP July)))))))))) .)) (TOP (S (NP-SBJ Cross & Trecker) (VP said (SBAR 0 (S (NP-SBJ (NP negotiations) (PP *ICH*-1)) (VP are (PP-PRD under (NP way)) (PP-1 for (NP (NP the sale) (PP of (NP (NP another company) , (NP RobertsCorp))))))))) .)) (TOP (S (NP-SBJ The average interest rate) (VP fell (PP-DIR to (NP 8.292 %) (PP-LOC at (NP (NP Citicorp 's) (NP (NP (NP (ADJP (QP $ 50 million) *U*) weekly auction) (PP of (NP 91-day commercial paper))) , or (NP corporate IOUs))))) , (PP-DIR from (NP 8.483 %) (PP-LOC at (NP (NP last week 's) sale)))) .)) (TOP (S (S (NP-SBJ-1 (NP Bids) (VP totaling (NP (QP $ 465 million) *U*))) (VP were (VP submitted (NP *-1)))) , and (S (NP-SBJ accepted bids) (VP were (PP-PRD at (NP 8.292 %)))) .)) (TOP (S (NP-SBJ Citicorp) (ADVP also) (VP said (SBAR that (S (NP-SBJ the average rate) (VP fell (PP-DIR to (NP 7.986 %) (PP-LOC at (NP (NP its (ADJP (QP $ 50 million) *U*) auction) (PP of (NP 182-day commercial paper))))) (PP from (NP 8.1255 %) (PP-LOC at (NP (NP last week 's) sale))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Bids) (VP totaling (NP (QP $ 415 million) *U*))) (VP were (VP submitted (NP *-1)))) , and (S (NP-SBJ accepted bids) (VP were (PP-PRD at (NP 7.986 %)))) .)) (TOP (S (NP-SBJ The bank holding company) (VP will (VP auction (NP (NP another (QP $ 50 million) *U*) (PP of (NP commercial paper)) (PP in (NP each maturity))) (PP-TMP next (NP Tuesday)))) .)) (TOP (S (NP-SBJ Matra S.A.) (VP (VP reported (SBAR 0 (S (NP-SBJ its 1989 first-half profit) (VP soared (NP-EXT 88 %))))) , and (VP indicated (SBAR that (S (NP-SBJ-1 (NP its previous estimate) (PP of (NP (NP a 50 % rise) (PP in (NP earnings)) (PP for (NP (NP all) (PP of (NP 1989))))))) (VP will (VP be (VP exceeded (NP *-1) (PP by (NP a wide margin))))))))) .)) (TOP (S (NP-SBJ The French electronics and defense group) (VP said (SBAR 0 (S (NP-SBJ (NP attributable consolidated net profit) (PP for (NP (NP the first six months) (PP of (NP 1989))))) (VP totaled (NP (NP (NP (QP 244 million) francs) (PRN -LRB- (NP (QP $ 38.4 million) *U*) -RRB-)) , (PP compared (PP with (NP (NP (QP 130 million) francs) (PRN -LRB- (NP (QP $ 20.5 million) *U*) -RRB-) (PP-TMP in (NP (NP the corresponding period) (FRAG (PP of)))))))))))))) (TOP (S (NP-SBJ Operating profit) (VP climbed (NP-EXT 51 %) , (PP-DIR to (NP (QP 572 million) francs)) (PP-DIR from (NP (NP (QP 378 million)) (PP-TMP in (NP (NP the first half) (PP of (NP 1988))))))) .)) (TOP (S (NP-SBJ Matra) (VP said (SBAR 0 (S (NP-SBJ (NP the sharp improvement) (PP-LOC in (NP net profit))) (VP (ADVP partly) reflected (NP (NP a decline) (PP of (NP (QP 59 million) francs)) (PP-LOC in (NP (NP the group 's) net loss)) (PP from (NP (NP nonrecurring items) (PP-TMP in (NP (NP the first half) (PP of (NP this year)))))) (PP to (NP (QP 104 million) francs)) (PP from (NP 163 million) (ADVP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ There) (VP was (ADVP also) (NP-PRD (NP a decline) (PP-LOC in (NP (NP the group 's) net financial costs)) (PP to (NP (QP 25 million) francs)) (PP from (NP (QP 50 million)) (ADVP-TMP (NP a year) before)))) .)) (TOP (S (NP-SBJ-1 These movements) (VP were (VP offset (NP *-1) , (ADVP however) , (PP by (NP-LGS (NP a steep rise) (PP-LOC in (NP corporate income tax payments)) (PP to (NP (QP 199 million) francs)) (PP from (NP (QP 35 million)) (PP-TMP in (NP (NP the first six months) (PP of (NP 1988))))))))) .)) (TOP (S (NP-SBJ Matra) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the sharp rise) (PP-LOC in (NP its first-half earnings))) (VP was (VP based (NP *-1) (PP-LOC-CLR on (NP (NP a (ADJP 15 %) gain) (PP-LOC in (NP consolidated revenue)) (PP to (NP (QP 10.16 billion) francs)) (PP from (NP (QP 8.85 billion)) (ADVP-TMP (NP a year) earlier))))))))) .)) (TOP (S (NP-SBJ (NP Rep. Lee Hamilton) (PRN -LRB- (NP D.) , (NP Ind .) -RRB-)) (VP said (SBAR 0 (S (NP-SBJ (NP he) and (NP (NP Rep. Byron Dorgan) (PRN -LRB- (NP D.) , (NP N.D .) -RRB-))) (VP are (VP backing (ADVP-DIR away (PP from (NP their proposal (S (NP-SBJ *) (VP to (VP make (S (NP-SBJ the Treasury Secretary) (NP-PRD (NP a voting member) (PP of (NP (NP the Federal Reserve panel) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP sets (NP monetary policy))))))))))))))))))) .)) (TOP (S (NP-SBJ Rep. Hamilton) (VP said (SBAR 0 (S (NP-SBJ-1 the bill) (VP will (VP be (VP modified (NP-2 *-1) (ADVP substantially) (S-CLR (NP-SBJ *-2) (VP to (VP call (PP-CLR for (NP (NP two meetings) (NP-TMP each year) (PP between (NP (NP (NP the Fed 's) open market committee) and (NP (NP the Treasury Secretary) , (NP (NP the chairman) (PP of (NP (NP the Council) (PP of (NP Economic Advisers))))) and (NP (NP the director) (PP of (NP (NP the Office) (PP of (NP Management and Budget))))))))))))))))))) .)) (TOP (S (NP-SBJ The original bill) (VP was (VP (VP (ADVP-MNR strongly) opposed (PP by (NP-LGS the Fed))) and (VP (ADVP-MNR publicly) criticized (PP-LGS by (NP (NP friends) (PP of (NP the Fed)))) (PP-CLR as (NP an attempt (S (NP-SBJ *) (VP to (VP undermine (NP (NP the central bank 's) independence))))))))) .)) (TOP (S (NP-SBJ Fed critics) , (ADVP however) , (VP hailed (NP it) (PP-CLR as (NP a (ADJP long overdue) attempt (S (NP-SBJ *) (VP to (VP bring (NP (NP a measure) (PP of (NP openness and democracy))) (PP-CLR to (NP (NP the setting) (PP of (NP monetary policy)))))))))) .)) (TOP (S (NP-SBJ Rep. Hamilton) (VP said (SBAR 0 (S (NP-SBJ (NP the purpose) (PP of (NP the meetings))) (VP would (VP be (S-PRD (NP-SBJ *) (VP to `` (VP improve (NP (NP (NP communications) and (ADVP perhaps) (NP coordination)) (PP between (NP (NP the executive branch) and (NP the Fed)))))))))))) . '')) (TOP (S (NP-SBJ Fed Chairman Alan Greenspan) (VP (VP meets (ADVP-TMP regularly) (PP-CLR for (NP lunch)) (PP with (NP Treasury Secretary Nicholas Brady))) and (VP talks (ADVP-TMP frequently) (PP with (NP (NP Budget Director Richard Darman) and (NP (NP Michael Boskin) , (NP (NP chairman) (PP of (NP (NP the Council) (PP of (NP Economic Advisers)))))))))) .)) (TOP (S (NP-SBJ The administration officials) (VP do n't (ADVP-TMP ordinarily) (VP meet (PP-CLR with (NP (NP the entire membership) (PP of (NP the open market committee)))))) .)) (TOP (S (NP-SBJ B.F. Goodrich Co.) (VP said (SBAR 0 (S (NP-SBJ third-quarter profits) (VP dropped (NP-EXT 34 %) (PP-PRP because of (NP (NP lower prices) (PP for (NP (NP polyvinyl chloride materials) , (NP (NP the company 's) largest product group))))))))) .)) (TOP (S (NP-SBJ Net) (VP fell (PP-DIR to (NP (NP (QP $ 40.1 million) *U*) , or (NP (NP $ 1.50 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 60.7 million) *U*) , or (NP (NP $ 2.32 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP the quarter))) (VP slipped (NP-EXT 2.7 %) (PP-DIR to (NP (QP $ 601.3 million) *U*)) (PP-DIR from (NP (QP $ 618.1 million) *U*))) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ Polyvinyl chloride capacity) `` (VP has (VP overtaken (NP demand)))) and (S (NP-SBJ we) (VP are (VP experiencing (NP reduced profit margins) (PP as (NP a result)))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP John D. Ong) , (NP (NP chairman) and (NP chief executive))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Prices) (PP for (NP general-purpose PVC resin))) (VP have (VP dropped (NP (QP more than 15) %) (PP-TMP since (NP last December))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 The plastic resin) (VP is (VP used (NP *-1) (PP-LOC-CLR in (NP (NP (NP a wide range) (PP of (NP products))) , (PP including (NP (NP siding) , (NP pipe) and (NP electrical wire insulation))))))) .)) (TOP (S (NP-SBJ (NP Goodrich 's) vinyl-products segment) (VP reported (NP (NP operating profit) (PP-TMP for (NP the quarter)) (PP of (NP (NP (QP $ 30.1 million) *U*) , (NP (NP (QP less than half the $ 64.1 million) *U*) (PP of (NP the year-earlier quarter))))))) .)) (TOP (S (NP-SBJ (NP Third-quarter operating profit) (PP of (NP the specialty-chemicals group))) (VP declined (ADVP slightly) (PP-DIR to (NP (QP $ 24.3 million) *U*)) (PP-DIR from (NP (QP $ 24.9 million) *U*))) .)) (TOP (S But (NP-SBJ (NP operating profit) (PP from (NP aerospace products))) (VP rose (NP-EXT (QP nearly 50) %) (PP-DIR to (NP (QP $ 15 million) *U*)) (PP-DIR from (NP (QP $ 10.1 million) *U*))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ (NP shares) (PP of (NP the (ADJP Akron , Ohio-based) company))) (VP fell (NP-EXT $ 1.375 *U*) (PP-DIR to (NP $ 49.125 *U*))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Fiat S.p . A.) , (NP (NP Italy 's) leading industrial group) ,) (VP is (VP conducting (NP (NP `` concrete '' talks) (PP with (NP (NP West Germany 's) Daimler-Benz AG)) (PP on (NP (NP a series) (PP of (NP projects)) (PP-LOC in (NP the aerospace sector)))))))) , (NP-SBJ Fiat officials) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP However) , (NP-SBJ the officials) (VP said (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP was (ADJP-PRD too early) (S-1 (NP-SBJ *) (VP to (VP (VP disclose (NP (NP the nature) (PP of (NP the proposed projects)))) or (VP indicate (SBAR (WHADVP-3 when) (S (NP-SBJ-2 the talks) (VP might (VP be (VP concluded (NP *-2) (ADVP-TMP *T*-3)))))))))))))) .)) (TOP (S (NP-SBJ Daimler-Benz Chairman Edzard Reuter) (VP told (NP (NP (NP Milan 's) financial daily) (NX-TTL Il Sole 24 Ore)) (SBAR that (S (NP-SBJ (NP talks) (PP *ICH*-2)) (VP are (VP taking (NP place) (PP-2 between (NP (NP both companies ') aerospace units))))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV While (S (NP-SBJ (NP Mr. Reuter 's) comments) (VP please (NP us) (ADVP very much)))) , (NP-SBJ there) (ADVP-TMP currently) (VP are (NP-PRD (NP no talks) (PP in (NP progress)) (VP regarding (NP the automotive industry))))) , '' (NP-SBJ a Fiat spokeswoman) (VP said (S *T*-1)) .)) (TOP (S (PP-LOC In (NP the interview)) , (NP-SBJ Mr. Reuter) (VP said (SBAR 0 (S (S (NP-SBJ he) (VP is (VP thinking (ADVP foremost) (PP of (NP (NP cooperation) (PP-LOC in (NP the truck sector))))))) , but `` (S (PP-TMP in (NP the long run)) , (NP-SBJ-1 I) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP rule (PRT out) (SBAR that (S (NP-SBJ we) (VP can (ADVP also) (VP come (ADJP-PRD (NP a bit) closer (PP in (NP personal cars)))))))))))))))) . '')) (TOP (S (NP-SBJ (NP Roberto Morelli) , (NP (NP Italy analyst) (PP for (NP (NP County Natwest Securities) (PP-LOC in (NP London))))) ,) (VP said (SBAR that (S (ADVP-TMP right now) `` (NP-SBJ-1 the market) (VP is n't (VP being (VP influenced (NP *-1) (PP by (NP-LGS (NP that kind) (PP of (NP news))))))))) , '' (UCP-ADV (S-ADV (NP-SBJ *) (VP referring (PP to (NP (NP the conditional nature) (PP of (NP (NP the talks) (VP mentioned (NP *) (PP by (NP-LGS Mr. Reuter))))))))) and (PP by (NP (NP the uncertainty) (VP surrounding (NP world stock exchanges) (NP-TMP this week)))))) .)) (TOP (S (NP-SBJ-2 Paul Tanner) (VP was (VP named (S (NP-SBJ *-2) (NP-PRD (NP (NP president) (PP *RNR*-1)) , (NP (NP chief executive officer) (PP *RNR*-1)) and (NP (NP chairman) (PP *RNR*-1)) (PP-1 of (NP this oil and natural gas company)))))) .)) (TOP (S (NP-SBJ He) (VP succeeds (NP (NP John A. Boudreau) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP resigned (PP-PRP for (NP personal reasons))))))) .)) (TOP (S (NP-SBJ Mr. Tanner) (VP had (VP been (NP-PRD (NP president) (PP of (NP (NP Penn Pacific 's) National Southwest Capital Group subsidiary))))) .)) (TOP (S (NP-SBJ Mr. Boudreau) (VP will (VP remain (PP-CLR with (NP Penn Pacific)) (PP-CLR as (NP (NP a director) and (NP (NP a member) (PP of (NP the executive committee))))))) .)) (TOP (S (S-TPC-4 (NP-SBJ-2 He) (VP has (ADVP also) (VP agreed (S (NP-SBJ *-2) (VP to (VP become (NP-PRD (NP president) (PP of (NP (NP a new subsidiary) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP formed (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP make (NP future acquisitions)))))))))))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ Spooked investors) , (PP despite (NP their stampede (S (NP-SBJ *) (VP to (VP dump (NP takeover stocks)))))) , (VP should (VP hold (PRT on) (ADVP-MNR tight) (PP-CLR to (NP their Jaguar shares)))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP the view) (PP of (NP (NP some analysts) (ADVP-LOC here) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP argue (SBAR that (S (NP-SBJ (NP (NP Britain 's) leading maker) (PP of (NP luxury cars))) (ADVP-TMP still) (VP may (VP have (S (NP-SBJ two U.S. auto giants) (VP battling (PP-CLR for (NP it))))))))))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ Ford Motor) (VP disclosed (SBAR that (S (NP-SBJ it) (VP has (VP raised (NP (NP its holding) (PP-LOC in (NP Jaguar))) (PP-DIR to (NP 10.4 %)) (PP-DIR from (NP 5 %))))))) .)) (TOP (S (NP-SBJ Both (NP (NP Ford) and (NP its rival General Motors))) (ADVP-TMP recently) (VP set (NP their sights) (PP-CLR on (S-NOM (NP-SBJ *) (VP grabbing (NP (NP significant minority stakes) (PP-LOC in (NP the British company))))))) .)) (TOP (S (NP-SBJ (NP Ford 's) latest move) (VP increases (NP (NP the pressure (S *ICH*-1)) (PP on (NP GM)) (S-1 (NP-SBJ *) (VP to (VP complete (NP (NP its current talks) (PP with (NP Jaguar))) (ADVP-MNR quickly)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ GM) (VP is (ADJP-PRD likely (S (NP-SBJ *) (VP to (VP reach (NP (NP the cooperative operating pact) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP has (VP been (VP seeking (NP *T*-1))))))) (PP-TMP in (NP about two weeks)))))))) , (NP-SBJ knowledgeable individuals) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-TMP At (NP that point)) (NP-SBJ investors) (VP may (VP face (NP a long , bumpy ride))) .)) (TOP (S (NP-SBJ (NP A victor) (PP in (NP (NP the fight) (PP for (NP Jaguar))))) (VP may not (VP emerge (PP-TMP until (PP after (NP (NP the expiration) (NP-TMP late next year) (PP of (NP British government takeover restrictions))))))) .)) (TOP (S (NP-SBJ The curbs) (VP prevent (NP a buyer) (PP-CLR from (S-NOM (NP-SBJ *) (VP purchasing (NP (NP (QP more than 15) %) (PP of (NP Jaguar shares))) (PP without (NP permission)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD an (ADJP exceptionally odd) takeover battle))) , '' (VP says (S *T*-1)) (NP-SBJ (NP London analyst) (NP (NP Christopher Will) (PP of (NP Shearson Lehman Hutton)))) .)) (TOP (S (NP-SBJ (NP Jaguar 's) American depositary receipts) (VP were (ADVP-PRD up (NP 3)) (NP-TMP yesterday) (PP-LOC in (NP a down market)) , (S-ADV (NP-SBJ *) (VP closing (PP-CLR at (NP 10 3))))) .)) (TOP (S -LRB- (NP-SBJ (NP Jaguar 's) ADRs) (VP make (S (NP-SBJ the company) (NP-PRD (NP one) (PP of (NP (NP the (ADJP (ADVP most widely) held) United Kingdom stocks) (PP-LOC in (NP the U.S.)))))) , (SBAR-ADV with (S (NP-SBJ-1 (NP (QP more than one-fourth)) (PP of (NP its shares))) (VP owned (NP *-1) (ADVP-LOC there))))) . -RRB-)) (TOP (S (NP-SBJ Jaguar) (VP topped (NP (NP the most-active list) (PP for (NP the U.S. over-the-counter market))) (NP-TMP Monday)) .)) (TOP (S And (PP-LOC on (NP (NP London 's) Stock Exchange)) (NP-TMP Monday) , (NP-SBJ-3 (NP (QP 18.5 million) shares) (PP *ICH*-2)) (VP were (VP traded (NP *-3) , (PP-2 (ADVP far) above (NP the usual volume)))) .)) (TOP (S (NP-SBJ (NP Ford 's) share purchases) (ADVP undoubtedly) (VP accounted (PP-CLR for (NP (NP much) (PP of (NP (NP Monday 's) heavy trading))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ many Jaguar shareholders) (VP (VP took (NP their money)) and (VP ran)) .)) (TOP (S (NP-SBJ Fears (SBAR that (S (NP-SBJ (NP Ford 's) ardor) (VP might (VP be (VP cooling)))))) (VP put (NP Jaguar shares) (PP-PUT into (NP reverse)) (SBAR-TMP after (S (NP-SBJ GM) (VP confirmed (NP (NP its friendly negotiations) (PP with (NP Jaguar))))))) .)) (TOP (S But (NP-SBJ (NP yesterday 's) announcement) (VP indicates (SBAR that (S (NP-SBJ Ford) (VP has n't (VP lost (NP interest)))))) .)) (TOP (S (NP-SBJ Both (NP (NP (NP Shearson 's) Mr . Will) and (NP (NP Stephen Reitman) , (NP (NP European auto analyst) (PP-LOC at (NP the London brokerage firm UBS-Phillips & Drew)))))) , (ADVP-TMP recently) (VP switched (NP their Jaguar recommendations) (PP-CLR to (NP hold)) (PP-CLR from (NP buy))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ *) (VP Sit (ADVP-MNR tight) '' (PP-TMP through (NP the coming volatility)))) , (NP-SBJ Mr. Reitman) (VP suggests (SBAR 0 (S *T*-1)) , (SBAR-ADV though (S (NP-SBJ he) (VP concedes (SBAR that (S (NP-SBJ many small investors) (VP will (VP find (S (NP-SBJ (NP Jaguar 's) zigzags) `` (ADJP-PRD too hard (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP swallow (NP *T*-2))))))))))))))) . '')) (TOP (S But (NP-SBJ a crucial point) (VP is (SBAR-PRD (WHADVP-2 how) (S (NP-SBJ Ford) (VP reacts (SBAR (WHADVP-1 when) (S (NP-SBJ (NP GM) , (NP (NP the world 's) largest auto maker) ,) (VP firms (PRT up) (NP (NP its proposed deal) (PP with (NP Jaguar))) (ADVP-TMP *T*-1)))) (ADVP-MNR *T*-2))))) .)) (TOP (S (PP-TMP At (NP the moment)) , (NP-SBJ Ford executives) (VP will (VP say (NP (NP little) (PP beyond (S-NOM (NP-SBJ *) (VP reiterating (NP their desire (S (NP-SBJ *) (VP to (VP raise (NP (NP Ford 's) Jaguar stake) (PP-DIR to (NP (QP about 15) %)))))))))))) .)) (TOP (S (NP-SBJ-1 GM) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP (VP inject (NP (NP (QP roughly # 200 million) *U*) (PRN -LRB- (NP (QP $ 316 million) *U*) -RRB-)) (PP-MNR by (S-NOM (NP-SBJ *) (VP acquiring (NP some Jaguar shares))))) , and (VP (ADVP-TMP then) win (NP (NP (NP Jaguar management 's) promise) (PP of (NP an eventual (ADJP 30 %) stake))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP believe (SBAR 0 (S (NP-SBJ the car makers) (ADVP also) (VP will (VP create (NP (NP joint ventures) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP develop (NP new executive models) (ADVP *T*-1)))))) , (S-ADV (NP-SBJ *) (VP doubling (NP (NP (NP Jaguar 's) yearly output) (PP of (NP 50,000 cars)))))))))) .)) (TOP (S (NP-SBJ-1 Jaguar shareholders) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP bless (NP such a far-reaching accord)))))) .)) (TOP (S (NP-SBJ-2 Ford) (VP might (VP challenge (NP the proposal) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP offering (NP a full bid)))) (SBAR-ADV if (S (NP-SBJ-1 (NP holders) and (NP the U.K. government)) (VP agreed (S (NP-SBJ *-1) (VP to (VP drop (NP the anti-takeover barrier) (ADVP-TMP early))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-2 Ford) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP come (PRT out) (PP with (S-NOM (NP-SBJ full guns) (VP blazing)))))))))))) , '' (NP-SBJ Mr. Reitman) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ Ford) (VP wants -LCB- (NP Jaguar) -RCB- (ADVP very much)) . '')) (TOP (S (NP-SBJ (NP U.S. takeover-stock speculators) , (SBAR (WHNP-4 who) (S (NP-SBJ *T*-4) (VP may (VP own (NP (NP (QP between 20 % and 30 %) *U*) (PP of (NP Jaguar))))))) ,) (VP could (VP give (NP Ford) (NP enough votes (S (NP-SBJ *) (VP to (VP block (NP the GM deal))))))) .)) (TOP (S (NP-SBJ GM) (VP might (VP counterbid)) .)) (TOP (S (ADVP Then) , (NP-SBJ Mr . Will) (VP says , `` (SBAR 0 (S (NP-SBJ you) (VP get (NP (NP a bidding war) (PP between (NP two (ADJP very rich) , (ADJP very determined) international companies))))))) . '')) (TOP (S (NP-SBJ He) (VP believes (SBAR 0 (S (NP-SBJ (NP Jaguar 's) share price) (VP could (VP zoom (PP-DIR to (NP (NP (QP between # 8 and # 10) *U*) (PRN -LRB- (NP (QP $ 12.60 to $ 15.80) *U*) -RRB-)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD (NP (NP quite a bit) (PP of (NP value))) (VP left (NP *) (PP-LOC-CLR in (NP (NP the -LCB- (NP Jaguar) -RCB- shares) (ADVP-LOC here))))) (SBAR-ADV (ADVP even) though (S (NP-SBJ they) (VP have (VP run (PRT up) '' (ADVP-TMP lately))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Doug Johnson) , (NP (NP a fund manager) (PP for (NP Seattle-based Safeco Asset Management)))) .)) (TOP (S (PP-TMP At (NP the moment)) , (NP-SBJ-1 he) (VP intends (S (NP-SBJ *-1) (VP to (VP keep (NP (NP the firm 's) 180,000 Jaguar shares))))) .)) (TOP (S (NP-SBJ The risk) (VP is (SBAR-PRD that (S (NP-SBJ (NP Jaguar 's) share price) (VP could (VP slump (SBAR-ADV if (S (NP-SBJ (NP (NP GM 's) agreement) (PP with (NP Jaguar))) (VP (ADVP-MNR effectively) locks (PRT out) (NP its U.S. rival))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Ford 's) appetite (S (NP-SBJ *) (VP to (VP attack -LCB- (NP Jaguar) -RCB-)))) (VP could (VP (ADVP-MNR gradually) wane (PP-TMP over (NP time)) , (ADVP particularly) (SBAR-ADV if (S (NP-SBJ Saab) (VP is (NP-PRD a (ADJP reasonably attractive) proposition))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP John Lawson) , (NP (NP an auto analyst) (PP-LOC at (NP (NP London 's) Nomura Research Institute)))) .)) (TOP (S (S (NP-SBJ He) (VP thinks (SBAR 0 (S (NP-SBJ Saab-Scania AB) (PP-TMP on (NP Friday)) (VP will (VP announce (NP (NP the sale) (PP of (NP (NP 50 %) (PP of (NP its car division)))) (PP to (NP Ford))))))))) ; (S (NP-SBJ the companies) (VP have (VP been (VP discussing (NP closer cooperation) (PP-TMP for (NP months)))))) .)) (TOP (S (NP-SBJ (NP Clifford Stahl) , (NP (NP (NP president) (PP *RNR*-4)) and (NP (NP chief investment officer) (PP *RNR*-4)) (PP-4 of (NP C-S Capital Advisors Inc.))) ,) (ADVP-TMP (NP two weeks) ago) (VP sold (NP (NP (NP his Cincinnati firm 's) 107,100 Jaguar ADRs)) (PP-CLR at (NP (NP (QP about 10)) (NP-ADV each))) , (S-ADV (NP-SBJ *) (VP making (NP (NP a tidy profit) (PP on (NP (NP a holding) (VP purchased (NP *) (PP at (NP 4 7)) (PP in (NP early May))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP thought (SBAR 0 (S (NP-SBJ (NP the probabilities) (PP of (S-NOM -LCB- (NP-SBJ a bidding war) -RCB- (VP happening)))) (VP were (ADJP-PRD less)))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (PP Of (NP course)) , (NP-SBJ that) (VP was (PP-TMP-PRD before (NP (NP Ford 's) latest move))) .)) (TOP (NP-HLN (NP Jaguar) (PRN -LRB- (NP OTC) ; (NP (NP Symbol) : (NP JAGRY)) -RRB-))) (TOP (NP (NP Business) : (NP Luxury cars))) (TOP (NP-HLN (NP (NP Year) (VP ended (NP-TMP-CLR Dec. 31 , 1988))) :)) (TOP (NP (NP (NP Revenue) : (NP (QP $ 1.71 billion) *U*)))) (TOP (NP (NP Net income) : (NP (NP (QP $ 44.9 million) *U*) ; or (NP (NP 25 cents) (NP-ADV a share))))) (TOP (NP (NP (NP First half) (VP ended , (NP June 30 , 1989))) :)) (TOP (NP (NP (NP Net loss) : (NP $ 1.7 million *U*)) (PP vs. (NP (NP net income) : (NP (NP (QP $ 21.2 million) *U*) ; or (NP (NP 12 cents) (NP-ADV a share))))))) (TOP (NP (NP Averae daily trading volume) : (NP (NP (NP Ordinary shares) (ADJP outstanding)) : (NP (QP 182.9 million))))) (TOP (FRAG (NP NOTE) : (S (NP-SBJ-1 All figures) (VP are (VP translated (NP *-1) (PP-CLR into (NP U.S. dollars)) (PP based (PP on (NP current exchange rates)))))) .)) (TOP (S (NP-SBJ (NP A.F. Sloan) , (ADJP (NP 60 years) old)) , (VP announced (SBAR that (S (NP-SBJ he) (VP will (VP retire (NP-TMP-CLR next April) (PP-CLR as (NP (NP (NP chairman) (PP *RNR*-1)) and (NP (NP chief executive officer) (PP *RNR*-1)) (PP-1 of (NP this snack food and bakery products maker))))))))) .)) (TOP (S (NP-SBJ-1 No replacement) (VP was (ADVP-TMP immediately) (VP named (NP *-1))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Mr. Sloan) (VP plans (S (NP-SBJ *-1) (VP to (VP remain (PP-LOC-CLR on (NP the board)) (SBAR-TMP until (S (NP-SBJ his current term) (VP expires (PP-TMP-CLR in (NP April 1991)))))))))) , (NP-SBJ a Lance spokesman) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Newport Electronics Inc.) (PP of (NP (NP Santa Ana) , (NP Calif.) ,))) (VP said (SBAR 0 (S (NP-SBJ (NP Milton B. Hollander) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP holds (NP a (ADJP 49.4 %) stake)))) ,) (VP requested (NP (NP a special shareholders ') meeting) (NP-TMP next Wednesday) (S-PRP (NP-SBJ *) (VP to (VP (VP remove (NP four current directors)) and (VP elect (NP an alternative slate))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Hollander 's) (NP (NP High Technology Holding Co.) (PP of (NP (NP Stamford) , (NP Conn.) ,)))) (VP acquired (NP (NP most) (PP of (NP its stake))) (NP-TMP last August) (PP-LOC in (NP (NP an (ADJP $ 11-a-share *U*) tender offer) (PP for (NP (NP Newport) , (NP (NP a maker) (PP of (NP electronic-measuring devices)))))))) .)) (TOP (S (NP-SBJ Newport) (VP said (SBAR 0 (S (NP-SBJ Mr. Hollander) (VP is (VP asking (NP-1 shareholders) (S (NP-SBJ *-1) (VP to (VP retain (NP (NP only one director) , (NP James R. Lees) , (NP a Newport vice president)))))))))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ The board) (VP is n't (VP proposing (NP (NP a slate) (PP of (NP its own)))))) and (S (NP-SBJ-1 the other four current directors) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP serve (PP-TMP-CLR beyond (NP the special meeting date))))))))) , (NP-SBJ Newport) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (SINV (S (NP-SBJ-1 Mr. Hollander) `` (VP (VP is (NP-PRD the new owner)) and (VP wants (S (NP-SBJ *-1) (VP to (VP exercise (NP control))))))) , '' (VP said) (NP-SBJ (NP Barret B. Weekes) , (NP (NP Newport 's) chairman)) .)) (TOP (S (NP-SBJ (NP Sandoz AG) , (NP a major Swiss (ADJP chemical and pharmaceutical) group) ,) (VP said (SBAR that (S (NP-SBJ its group sales) (VP rose (NP-EXT 25 %) (PP-DIR to (NP (NP (QP 9.482 billion) francs) (PRN -LRB- (NP (QP $ 5.80 billion) *U*) -RRB-))) (PP-TMP in (NP (NP the first nine months) (PP of (NP this year)))) , (PP with (NP (NP strong gains) (PP-LOC in (NP all divisions)))))))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) (NP-SBJ sales) (VP totaled (NP (QP 7.567 billion) francs)) .)) (TOP (S (NP-SBJ (NP Positive currency rates) and (NP strong sales growth)) (VP led (PP-CLR to (NP (NP a substantial rise) (PP-LOC in (NP consolidated profit)))) (PP-TMP in (NP the period)) , (SBAR-ADV although (S (NP-SBJ the company) (VP did n't (VP provide (NP figures) , (SBAR (WHNP-1 0) as (S (NP-SBJ *T*-1) (VP is (ADJP-PRD customary) (PP with (NP Swiss companies)))))))))) .)) (TOP (S (NP-SBJ Sandoz) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (NP (NP a `` substantial increase '') (PP-LOC in (NP consolidated profit)) (PP-TMP for (NP the full year))) , (S-SBJ (NP-SBJ *) (VP barring (NP major currency rate changes))))))) .)) (TOP (S (NP-SBJ (NP Amstrad PLC) , (NP (NP a British maker) (PP of (NP (NP computer hardware) and (NP communications equipment)))) ,) (VP posted (NP (NP a (ADJP 52 %) plunge) (PP-LOC in (NP pretax profit)) (PP-TMP for (NP the latest year)))) .)) (TOP (S (NP-SBJ The (QP # 76.6 million) *U* (PRN -LRB- (NP (QP $ 120.6 million) *U*) -RRB- (PP in (NP (NP pretax profit) (PP-TMP for (NP (NP the 12 months) (PP to (NP June 30)))))))) (VP was (UCP-PRD (ADVP down (PP from (NP (NP (QP # 160 million) *U*) (PRN -LRB- (NP (QP $ 252 million) *U*) -RRB-)) (ADVP-TMP (NP a year) earlier))) and (PP below (NP (NP market expectations) (PP of (NP (QP # 80 million and # 90 million) *U*)))))) .)) (TOP (S (NP-SBJ-1 (NP (NP The slump) (PP-LOC in (NP profit))) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP came (PP despite (NP steady sales))))) ,) (VP was (VP attributed (NP *-1) (PP-CLR to (NP (NP (NP increased costs) (PP for (NP parts))) and (NP (NP problems) (PP with (NP model introductions))))))) .)) (TOP (S (NP-SBJ (NP (NP Amstrad 's) profit) (PP-TMP after (NP taxes))) (VP fell (NP-EXT a (ADJP similarly steep) 51 %) , (PP-DIR to (NP (QP # 51.1 million) *U*)) (PP-DIR from (NP (QP # 105 million) *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ Sales) (VP edged (ADVP-DIR up) (ADVP fractionally) (PP-DIR to (NP (QP # 626.3 million) *U*)) (PP-DIR from (NP (QP # 625.4 million) *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ-1 (NP Microsoft Corp. 's) earnings growth) (VP continued (S (NP-SBJ *-1) (VP to (VP outstrip (NP (NP that) (PP of (NP (NP most) (PP of (NP (NP its competitors and customers) (PP-LOC in (NP the personal-computer industry)))))))))) , (SBAR-TMP as (S (NP-SBJ it) (VP reported (NP (NP a (ADJP 36 %) jump) (PP-LOC in (NP fiscal first-quarter earnings)) (PP-LOC on (NP a (ADJP 33 %) revenue gain))))))) .)) (TOP (S (NP-SBJ (NP The (NAC-LOC Redmond , Wash.) company) , (NP (NP a bellwether provider) (PP of (NP (NP operating systems) and (NP software))) (PP for (NP personal-computer makers and users))) ,) (VP reported (NP (NP net income) (PP for (NP (NP the quarter) (VP ended (NP-TMP-CLR Sept. 30)))) (PP of (NP (NP (QP $ 49.6 million) *U*) , or (NP (NP 87 cents) (NP-ADV a share)) , (ADVP up (PP from (NP (NP (QP $ 36.6 million) *U*) , or (NP (NP 65 cents) (NP-ADV a share)) ,) (PP-TMP in (NP the year-ago period)))))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (PP-DIR to (NP (QP $ 235.2 million) *U*)) , (PP-DIR from (NP (QP $ 176.4 million) *U*))) .)) (TOP (S (NP-SBJ Microsoft) (ADVP-TMP previously) (VP indicated (SBAR 0 (S (NP-SBJ it) (VP would (VP have (NP a strong quarter))))) (PP-MNR by (S-NOM (NP-SBJ *) (VP forecasting (NP its revenue gain) (PP-TMP on (NP Oct. 4)) , (S-ADV (NP-SBJ *) (VP causing (NP (NP a (ADJP (NP $ 6.50 *U*) (NP-ADV a share)) jump) (PP-LOC in (NP its stock))))))))) .)) (TOP (S But (NP-SBJ its stock) (VP jumped (ADVP-TMP again) (NP-TMP yesterday) (SBAR-TMP as (S (NP-SBJ it) (VP disclosed (NP (NP (ADJP surprisingly strong) margins) (PP-LOC on (NP those sales))))))) .)) (TOP (S (NP-SBJ (NP Microsoft 's) stock) (VP rose (NP-EXT (NP $ 2.875 *U*) (NP-ADV a share)) (PP-LOC in (NP national over-the-counter trading)) (PP to (NP $ 78.625 *U*))) .)) (TOP (S (NP-SBJ The stock) (VP had (VP (VP hit (NP (NP a high) (PP of (NP (NP $ 81 *U*) (NP-ADV a share)))) (ADVP-TMP early (NP last week))) but (VP collapsed (PP-DIR to (NP $ 73.50 *U*)) (PP-LOC in (NP the Friday stock plunge))))) .)) (TOP (S (NP-SBJ The company) (VP had (VP been (VP experiencing (NP softening margins) (PP-PRP because of (NP (NP increased sales) (PP of (NP (NP software applications) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (NP (NP lower margins) (SBAR than (SINV (VP do (VP *?*)) (NP-SBJ operating systems)))))))))))))) .)) (TOP (S But (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-1 that trend) (VP was (VP offset (NP *-1) (PP-TMP in (NP the first quarter)) (PP by (NP-LGS (NP (NP better economies) (PP of (NP scale))) and (NP (NP efficiencies) (PP-LOC in (NP manufacturing)))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ (NP (NP Microsoft 's) cost (PP of (NP goods))) , (PP as (NP (NP a percentage) (PP of (NP sales)))) ,) (VP fell (NP-EXT (NP (NP 17 %) (PP from (NP the year-ago quarter))) and (NP (NP 13 %) (PP from (NP the previous period))))) .)) (TOP (S (NP-SBJ The trend) (VP drove (ADVP-DIR up) (NP (NP the aftertax margin) (PRN -- (NP (NP net income) (PP as (NP (NP a percentage) (PP of (NP revenues))))) --)) (PP-DIR to (NP 21.1 %)) (PP-TMP in (NP the quarter)) , (PP compared (PP with (NP 20.7 %) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ Microsoft officials) (VP said (SBAR 0 (S (NP-SBJ the strong results) (ADVP also) (VP reflected (NP (NP continuing high demand) (PP for (NP (NP its software applications) and (NP operating systems)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ it) (VP has (VP predicted (SBAR that (S (NP-SBJ (NP overall growth) (PP-LOC in (NP (NP unit sales) (PP of (NP personal computers))))) (VP is (VP slowing (PP-DIR to (NP about a (ADJP 10 %) yearly rate)))))))))) , (NP-SBJ its own products) (VP are (VP selling (PP-CLR at (NP a (ADJP much faster) rate)) (SBAR-PRP because (S (NP-SBJ-1 many) (VP are (VP geared (NP *-1) (PP-DIR to (NP (NP the high-performance end) (PP of (NP the market)))))))))) .)) (TOP (S (NP-SBJ-1 That segment) (VP continues (S (NP-SBJ *-1) (VP to (VP post (NP strong quarter-to-quarter gains)))) , (SBAR-TMP while (S (NP-SBJ (NP the (NX (NX low-end) , or (NX commodity segment) ,)) (PP of (NP the industry))) (VP is (VP experiencing (NP (NP sluggish growth) or (ADVP even) (NP sales declines))))))) .)) (TOP (S (PP Compared (PP with (NP (NP its previous quarter) , (NP (NP the final period) (PP of (NP its 1989 fiscal year))) ,))) (S (NP-SBJ net) (VP rose (NP-EXT 9 %))) , and (S (NP-SBJ sales) (VP rose (NP-EXT 7 %))) .)) (TOP (S (NP-SBJ (NP Control Data Corp.) , (NP Minneapolis) ,) (VP signed (NP (NP a joint development agreement (S *ICH*-1)) (PP with (NP MIPS Computer Systems Inc.)) (S-1 (NP-SBJ *) (VP to (VP incorporate (NP an emerging computing architecture) (PP-CLR in (NP future machines))))))) .)) (TOP (S (NP-SBJ MIPS) (VP is (NP-PRD (NP a leader) (PP-LOC in (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 *T*-2) (VP is (VP known (NP *-1) (PP-CLR as (NP (NP reduced-instruction set computing) , or (NP (NP RISC) , (NP (NP a technology) (VP combining (NP (NP microprocessors) and (NP sophisticated software)))))))))))))) .)) (TOP (S (PP In (S-NOM (NP-SBJ *) (VP joining (NP MIPS)))) , (NP-SBJ Control Data) (VP follows (NP several competitors) (PP in (S-NOM (NP-SBJ *) (VP embracing (NP RISC) (PP-CLR as (NP a new design approach)))))) .)) (TOP (S (NP-SBJ (NP Digital Equipment Corp.) , (NP Tandem Computers Inc.) , (NP NEC Corp.) and (NP Group Bull) , (PP-LOC among (NP others)) ,) (VP have (NP similar arrangements) (PP with (NP (NP MIPs) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Sunnyvale) , (NP Calif))))))) .)) (TOP (S (NP-SBJ Control Data) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (NP its first RISC-based mainframe machine) (S (NP-SBJ-1 *) (VP to (VP be (VP introduced (NP *-1) (NP-TMP-CLR next year))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The accord) (PP with (NP MIPS))) (VP calls (SBAR-CLR for (S (NP-SBJ Control Data) (VP to (VP share (NP (NP its expertise) (PP-LOC in (NP data storage))))))))) , (NP-SBJ the companies) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Control Data) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP developing (SBAR-NOM (WHNP-1 what) (S (NP-SBJ it) (VP called (S (NP-SBJ *T*-1) (NP-PRD (NP a `` supermainframe '' computer) , (NP the Cyber 2000) , (VP intended (NP *) (PP-CLR for (NP (NP scientists) , (NP engineers) and (NP (NP other users) (PP of (NP generalpurpose high-performance computers)))))))))))))))) .)) (TOP (S (NP-SBJ UAL'S STOCK) (VP SKIDDED (NP-EXT an additional $ 24.875 *U*) , (PP-DIR to (NP $ 198 *U*)) , (SBAR as (S (NP-SBJ British Airways) (VP indicated (SBAR 0 (S (NP-SBJ it) (VP may (VP balk (PP-CLR at (NP (NP any (ADJP hastily revised) version) (PP of (NP (NP the aborted (ADJP (QP $ 6.79 billion) *U*) buy-out) (PP of (NP (NP United Air 's) parent)))))))))))))) .)) (TOP (S (NP-SBJ UAL) (VP has (VP fallen (NP-EXT (NP $ 87.25 *U*) , or (NP 31 %) ,) (PP-TMP in (NP (NP the three trading days) (SBAR since (S (NP-SBJ (NP disclosure) (PP of (NP (NP the buy-out 's) collapse))) (VP jolted (NP the stock market)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ investor Marvin Davis) (VP said (SBAR 0 (S (S (NP-SBJ he) (VP remains (ADJP-PRD interested (PP in (NP UAL))))) , but (S (NP-SBJ he) (VP dropped (NP his earlier (ADJP $ 300-a-share *U*) back-up bid)))))) .)) (TOP (S (NP-SBJ Stock prices) (VP fell (ADVP-MNR broadly) (PP-LOC in (NP heavy trading)) , (S-ADV (NP-SBJ *) (VP dominated (PP by (NP-LGS (NP futures-related program selling) and (NP (NP further declines) (PP by (NP (NP UAL) and (NP other airline stocks))))))))) .)) (TOP (S (NP-SBJ The Dow Jones industrials) (VP closed (ADVP-CLR off (NP 18.65 points)) , (PP at (NP 2638.73)) , (PP-TMP after (S-NOM (NP-SBJ *) (VP plunging (NP (QP over 60.25) points) (PP-TMP in (NP the morning)))))) .)) (TOP (S (NP-SBJ Bond prices) (VP ended (ADJP-CLR lower) (PP-TMP after (NP an early rally)) , (SBAR-TMP while (S (NP-SBJ-1 the dollar) (VP was (VP mixed (NP *-1)))))) .)) (TOP (S (NP-SBJ The U.S. trade deficit) (VP swelled (PP-DIR to (NP (QP $ 10.77 billion) *U*)) (PP-TMP in (NP August)) , (S-ADV (NP-SBJ *) (VP prompting (NP worries (SBAR that (S (NP-SBJ (NP the nation 's) export drive) (VP had (VP stalled)))))))) .)) (TOP (S (NP-SBJ Exports) (VP declined (PP-TMP for (NP (NP the second month) (PP in (NP a row)))) , (SBAR-TMP while (S (NP-SBJ imports) (VP rose (PP-DIR to (NP a record)))))) .)) (TOP (S (NP-SBJ An analyst) (VP called (S (NP-SBJ it) (NP-PRD (NP one) (PP of (NP (NP the worst trade reports) (SBAR-TMP since (S (NP-SBJ the dollar) (VP bottomed (PRT out) (X (PP in)))))))))))) (TOP (S (NP-SBJ Industrial output) (VP (VP fell (NP-EXT 0.1 %) (PP-TMP in (NP September))) , (NP (NP the latest sign) (SBAR 0 (S (NP-SBJ manufacturing) (VP is (VP slowing)))))) .)) (TOP (S (NP-SBJ An analyst) (VP cited (NP weaker capital spending and exports)) .)) (TOP (S (NP-SBJ (NP Bankers Trust) (NP *ICH*-1)) (VP added (NP (QP $ 1.6 billion) *U*) (PP to (NP (NP reserves) (PP for (NP Third World loans)))) , (NP-1 (NP the latest big bank) (S (NP-SBJ *) (VP to (VP take (NP such a step)))))) .)) (TOP (S (NP-SBJ It) (VP expects (NP a (ADJP (QP $ 1.42 billion) *U*) quarterly loss)) .)) (TOP (S (NP-SBJ Citicorp) (VP posted (NP (NP a (ADJP 9 %) drop) (PP in (NP quarterly profit)))) .)) (TOP (S (NP-SBJ Manufacturers Hanover) (VP had (NP (NP a loss) (ADJP due (PP to (NP a big reserve addition))))) .)) (TOP (S (NP-SBJ-1 (NP Bank) (PP of (NP New England))) (VP plans (S (NP-SBJ *-1) (VP to (VP (VP sell (NP some operations)) and (VP lay (PRT off) (NP (NP 4 %) (PP of (NP its work force))))))) (PP-TMP after (NP (NP a year) (PP of (NP (NP weak earnings) and (NP mounting loan problems)))))) .)) (TOP (S (NP-SBJ-1 (NP Eastern Airlines ') creditors) (VP have (VP begun (S (NP-SBJ *-1) (VP exploring (NP (NP alternative approaches) (PP to (NP a Chapter 11 reorganization))))) (SBAR-PRP because (S (NP-SBJ they) (VP are (ADJP-PRD unhappy (PP with (NP (NP the carrier 's) latest proposal)))))))) .)) (TOP (S (NP-SBJ-1 Tele-Communications) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP half) (PP of (NP Showtime Networks))) (PP-CLR from (NP Viacom)) (PP-CLR for (NP $ 225 million *U*)))))) .)) (TOP (S (NP-SBJ The move) (VP could (VP pose (NP (NP a new challenge) (PP to (NP (NP Time Warner 's) Home Box Office))))) .)) (TOP (S (NP-SBJ-1 The CFTC) (VP plans (S (NP-SBJ *-1) (VP to (VP curb (NP (NP dual trading) (PP-LOC on (NP (NP commodities markets) , (SBAR (WHPP in (WHNP which)) (S (NP-SBJ traders) (VP buy and sell (PP both (PP for (NP their own account)) and (PP for (NP clients))))))))))))) .)) (TOP (S (NP-SBJ The move) (VP is (ADJP-PRD likely (S (NP-SBJ *) (VP to (VP anger (NP traders)))))) .)) (TOP (S (NP-SBJ FDIC Chairman Seidman) (VP said (SBAR that (S (NP-SBJ-1 (NP Lincoln Savings & Loan) (PP of (NP California))) (VP should (VP have (VP been (VP seized (NP *-1) (PP-TMP in (NP 1986)) (S-PRP (NP-SBJ *) (VP to (VP contain (NP (NP losses) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP estimated (SBAR 0 (S (NP-SBJ *T*-2) (VP will (VP cost (NP taxpayers) (NP (NP as much) (PP as (NP (QP $ 2 billion) *U*))))))))))))))))))))) .)) (TOP (S (NP-SBJ-2 (NP A (ADJP (QP $ 67 billion) *U*) spending bill) (SBAR *ICH*-1)) (VP was (VP approved (NP *-2) (PP by (NP-LGS House-Senate conferees)) (SBAR-1 (WHNP-3 that) (S (NP-SBJ *T*-3) (VP includes (NP (NP major provisions) (VP affecting (NP the federal mortgage market)))))))) .)) (TOP (S (NP-SBJ-1 (NP Hooker 's) U.S. unit) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP agree (PP in (NP principle)) (NP-TMP this week) (S (NP-SBJ *) (VP to (VP sell (NP its Merksamer Jewelers chain) (PP-DTV to (NP management)))))))) , (PP according (PP to (NP executives))))) .)) (TOP (S (NP-SBJ The deficit-reduction bill) (VP became (VP snagged (PP-PRP over (NP efforts (S (NP-SBJ *) (VP to (VP streamline (NP (NP the House version) (PP of (NP the legislation))) (PP-TMP in (NP (NP advance) (PP of (NP a House-Senate conference))))))))))) .)) (TOP (S (NP-SBJ Integrated Resources) (VP said (SBAR 0 (S (NP-SBJ (NP talks) (PP *ICH*-2)) (VP have (VP ended (PP-2 with (NP (NP another potential buyer) (PP of (NP its core businesses))))))))) .)) (TOP (S (NP-SBJ Three big drug makers) (VP posted (NP robust third-quarter earnings)) .)) (TOP (S (S (NP-SBJ-1 (NP Merck 's) profit) (VP climbed (NP-EXT-2 25 %))) , (S (NP-SBJ=1 Warner-Lambert 's) (NP-EXT=2 22 %)) and (S (NP-SBJ=1 Eli Lilly 's) (NP-EXT 24 %)) .)) (TOP (NP-HLN (NP Markets) --)) (TOP (NP (NP Stocks) : (NP (NP Volume) (NP 224,070,000 shares)) .)) (TOP (NP (NP (NP Dow Jones industrials) (NP 2638.73) , (ADVP off (NP 18.65))) ; (NP (NP transportation) (NP 1254.27) , (ADVP off (NP 49.96))) ; (NP (NP utilities) (NP 214.54) , (ADVP off (NP 0.19))) .)) (TOP (NP (NP Bonds) : (NP (NP Shearson Lehman Hutton Treasury index) (NP 3377.43) , (ADVP off)))) (TOP (NP (NP Commodities) : (NP (NP (NP Dow Jones futures index) (NP 129.72) , (ADJP unchanged)) ; (NP (NP spot index) (NP 129.97) , (ADVP off (NP 0.19)))) .)) (TOP (NP (NP Dollar) : (NP (NP (NP 142.75 yen) , (ADVP up (NP 0.95))) ; (NP (NP 1.8667 marks) , (ADVP off (NP 0.0018)))) .)) (TOP (S (NP-SBJ-1 (NP Paul Ely) , (NP (NP general partner) (PP of (NP (NP Alpha Partners) , (NP a venture-capital firm) (VP based (NP *) (PP-LOC-CLR in (NP (NP Menlo Park) , (NP Calif.))))))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP this computer company)))))) .)) (TOP (S (NP-SBJ (NP Mr. Ely) , (ADJP (NP 57 years) old) ,) (ADVP-TMP temporarily) (VP increases (NP the board) (PP-DIR to (NP seven members))) .)) (TOP (S (ADVP However) , (NP-SBJ director Thomas O'Rourke) (VP has (VP said (SBAR 0 (S (NP-SBJ he) (VP wo n't (VP seek (NP re-election) (PP-LOC at (NP (NP the company 's) annual meeting)) (NP-TMP next month))))))) .)) (TOP (S (NP-SBJ (NP BroadBeach Associates Inc.) , (NP (NP the Los Angeles investment partnership) (SBAR (WHNP-2 (NP whose (ADJP $ 62-a-share *U*) bid) (PP for (NP McGill Manufacturing Co.))) (S (NP-SBJ-1 *T*-2) (VP was (VP topped (NP *-1) (ADVP-TMP recently) (PP by (NP-LGS (NP a competing offer) (PP from (NP a Swedish concern))))))))) ,) (VP disclosed (SBAR that (S (NP-SBJ it) (VP sold (NP its entire (ADJP 7 %) McGill stake))))) .)) (TOP (S (NP-SBJ (NP McGill) , (NP a (NAC-LOC Valparaiso , Ind. ,) ball-bearing manufacturer) ,) (VP had (VP rebuffed (NP (NP BroadBeach 's) proposal))) .)) (TOP (S (NP-SBJ It) (VP has (ADVP-TMP since) (VP asked (NP-1 holders) (S (NP-SBJ *-1) not (VP to (ADVP-TMP immediately) (VP tender (NP their shares) (PP-LOC under (NP (NP a recent (ADJP (ADJP $ 72-a-share *U*) , or (ADJP $ 104 million *U*) ,) bid) (PP from (NP (NP AB SKF) (PP of (NP Sweden)))))) , (SBAR-TMP until (S (NP-SBJ McGill directors) (VP have (VP completed (NP their evaluation)))))))))) .)) (TOP (S (PP-LOC In (NP a (NP Securities and Exchange Commission) filing)) , (NP-SBJ BroadBeach) (VP said (SBAR 0 (S (NP-SBJ it) (VP sold (NP the 101,000 McGill shares) (PP-CLR for (NP (QP $ 7.3 million) *U*)) (PP-LOC in (NP a private transaction)) (PP-TMP on (NP Oct. 12)))))) .)) (TOP (S (S (NP-SBJ BroadBeach) (VP did n't (VP identify (NP (NP the buyer) (PP of (NP the shares)))))) , but (S (S (NP-SBJ (NP the date) (PP of (NP the selloff))) (VP followed (PP-CLR by (NP one day)) (NP (NP the Swedish concern 's) tender offer))) , and (S (NP-SBJ (NP the indicated price) (PP of (NP (NP the shares) (VP sold (NP *))))) (VP equals (NP (NP SKF 's) (ADJP $ 72-a-share *U*) tender offer price)))) .)) (TOP (S (NP-SBJ A BroadBeach spokeswoman) (VP said (SBAR 0 (S (NP-SBJ the company) (VP (VP sold (NP the stock) (PP-LOC in (NP the open market))) and (ADVP thus) (VP could n't (VP identify (NP the buyer or buyers))))))) .)) (TOP (S (NP-SBJ-1 (NP Luis Nogales) , (ADJP (NP 45 years) old) ,) (VP has (VP been (VP elected (NP *-1) (PP-CLR to (NP (NP the board) (PP of (NP this brewer))))))) .)) (TOP (S (NP-SBJ (NP Mr. Nogales) , (NP (NP former president) (PP of (NP (NP United Press International) and (NP the Univision Spanish-language network)))) ,) (ADVP-TMP most recently) (VP co-founded (NP (NP Nogales Castro Partners) , (NP a California-based media acquisition firm))) .)) (TOP (S (NP-SBJ (NP Mr. Nogales) , (NP (NP the first Hispanic person) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP serve (PP-CLR as (NP a Coors director)))))))) , (VP is (NP-PRD (NP an addition) (PP to (NP the board))) , (S-ADV (NP-SBJ *) (VP increasing (NP its membership) (PP-CLR to (NP nine))))) .)) (TOP (S (NP-SBJ (NP Hachette S.A.) , (NP a European media and publishing group) ,) (VP reported (NP (NP a small rise) (PP-LOC in (NP its attributable first-half group profit)) , (PP excluding (NP exceptional items)) , (PP-DIR to (NP (NP (QP 133.8 million) francs) (PRN -LRB- (NP $ 21.1 million *U*) -RRB-))) (PP-DIR from (NP (QP 130.1 million) francs) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ The Paris-based group) (VP said (SBAR 0 (S (NP-SBJ its earlier projection (PRN -- (SBAR that (S (NP-SBJ (NP group profit) (PP for (NP (NP all) (PP of (NP 1989))))) (VP would (VP be (ADJP-PRD close (PP to (NP (NP the (QP 322.7 million) francs) (VP posted (NP *) (PP-TMP for (NP 1988)))))))))) --)) (VP remains (ADJP-PRD valid))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Taking (PP-CLR into (NP account)) (NP nonrecurring gains and losses))) , (NP-SBJ (NP (NP Hachette 's) group net income) (PP for (NP (NP the first six months) (PP of (NP this year))))) (VP totaled (NP (NP 246.6 million francs) , (NP (NP (ADVP practically double) the year-earlier figure) (PP of (NP 124.5 million francs))))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (NP Hachette 's) earnings) (PP-TMP in (NP the second half))) (VP might (VP be (VP boosted (NP *-1) (PP by (NP-LGS (NP a capital gain) (PP from (NP (NP the sale) (PP of (NP (NP the Paris headquarters) (PP of (NP (NP a newspaper-delivery company) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP is (VP (NP-ADV 49 %) owned (NP *-2) (PP by (NP-LGS Hachette)))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Oncor Inc.) , (NP (NP Gaithersburg) , (NP Md.)) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP (NP approval (S *ICH*-2)) (PP from (NP the U.S. Food and Drug Administration)) (S-2 (NP-SBJ *) (VP to (VP market (NP (NP a genetic test) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP assist (PP-LOC-CLR in (NP (NP diagnosis and treatment) (PP of (NP (NP leukemia) and (NP lymph cancer)))))))))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The B/T gene rearrangement test) (VP is (ADJP-PRD (ADJP more accurate) (PP than (NP existing tests))) (PP for (S-NOM (NP-SBJ *) (VP diagnosing (NP (NP (NP the type) (PP of (NP cancer))) , (SBAR (SBAR whether (S (NP-SBJ it) (VP has (VP spread)))) or (SBAR whether (S (NP-SBJ there) (VP is (NP-PRD (NP a recurrence) (VP following (NP treatment))))))))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ Oncor President Stephen Turner) .)) (TOP (S (NP-SBJ Mr. Turner) (VP said (SBAR 0 (S (NP-SBJ the test) (VP (VP (ADVP-PRP initially) will (VP be (VP used (PP-MNR in (NP (NP conjunction) (PP with (NP (NP biopsies) and (NP other tests)))))))) , but (VP (ADVP-TMP eventually) might (VP become (NP-PRD (NP the benchmark) (PP for (NP tumor analysis))))))))) .)) (TOP (S (NP-SBJ Mr. Turner) (VP said (SBAR 0 (S (NP-SBJ-1 the test) (VP will (VP be (VP shipped (NP *-1) (PP-TMP in (NP 45 days)) (PP-DIR to (NP (NP hospitals) and (NP clinical laboratories))))))))) .)) (TOP (S (NP-SBJ (NP Dr. Wyndham Wilson) , (NP (NP a cancer treatment specialist) (PP at (NP the National Cancer Institute))) ,) (VP said (SBAR 0 (S (NP-SBJ the test) (VP (VP is (VP (ADVP widely) used (PP-LOC-CLR in (NP research centers)))) but (VP is n't (VP having (NP a major impact) (SBAR-PRP because (S (NP-SBJ it) (VP is (ADJP-PRD (ADVP only occasionally) useful (PP in (S-NOM (NP-SBJ *) (VP choosing (NP the (ADJP most effective) treatment)))))))))))))) .)) (TOP (S (S-TPC-2 But (NP-SBJ-1 the test) (VP may (VP prove (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD more sensitive (PP in (S-NOM (NP-SBJ *) (VP determining (SBAR whether (S (NP-SBJ a tumor) (VP has (VP spread or returned (PP following (NP treatment)))))))))))))))) , (NP-SBJ Dr. Wilson) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP do n't (VP know (ADVP-TMP yet) (SBAR (WHADVP-2 how (ADJP useful)) (S (NP-SBJ it) (VP 's (VP going (S (NP-SBJ *) (VP to (VP be (ADVP-PRD *T*-2))))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Oncor) , (NP (NP a six-year-old developer) (PP of (NP genetic medical tests))) ,) (VP projects (SBAR that (S (NP-SBJ the cancer test) (VP will (VP help (NP it) (S (NP-SBJ *) (VP to (VP post (NP its first-ever profit) (PP-TMP during (NP (NP the first quarter) (PP of (NP 1990))))))))))))) , (NP-SBJ Mr. Turner) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ The company) (VP (VP will (VP charge (NP $ 35 *U*) (PP-CLR for (NP a test)))) and (VP projects (NP (NP about (QP $ 2 million) *U*) (PP in (NP revenue)) (PP from (NP the test)) (PP-TMP during (NP (NP the first 12 months) (PP of (NP marketing)))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Unilab Corp.) , (NP (NP Norcross) , (NP Ga.)) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP acquired (NP (NP the clinical laboratories) (PP of (NP (ADJP closely held) Central Diagnostic Laboratory Inc.))) (PP-LOC in (NP (NP a cash and securities transaction) (VP valued (NP *) (PP-CLR at (NP (QP $ 85 million) *U*))))))))) .)) (TOP (S (NP-SBJ Unilab) (VP said (SBAR 0 (S (NP-SBJ its (ADJP wholly owned) MetWest Inc. unit) (VP (VP paid (NP (NP (QP $ 25 million) *U*) (PP in (NP cash)))) , (VP provided (NP (NP (NP (QP $ 30 million) *U*) (PP in (NP notes))) and (NP (NP (QP $ 30 million) *U*) (PP in (NP preferred stock))))) (S-PRP (NP-SBJ *) (VP to (VP acquire (NP (NP (NP Central 's) labs) (PP-LOC in (NP the Western U.S)))))))))) .)) (TOP (S (NP-SBJ (NP Unilab) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP provides (NP clinical laboratory services)))) ,) (VP competed (PP-CLR with (NP (NP Central) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Tarzana) , (NP Calif.)))))) , (PP-LOC in (NP (NP a number) (PP of (NP areas))))) .)) (TOP (SINV (S-TPC-1 (PP Beyond (S-NOM (NP-SBJ *-2) (VP removing (NP a competitor)))) , (NP-SBJ-2 the combination) (VP should (VP provide `` (NP synergies)))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Fred Harlow) , (NP (NP Unilab 's) chief financial officer)) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP will (VP hand (NP Unilab) (NP new markets))) .)) (TOP (S (PP-LOC In (NP Los Angeles)) , (PP for (NP example)) , (NP-SBJ Central) (VP has (VP had (NP a strong market position) (SBAR-ADV while (S (NP-SBJ (NP Unilab 's) presence) (VP has (VP been (ADJP-PRD less prominent))))) , (PP according (PP to (NP Mr. Harlow))))) .)) (TOP (S (NP-SBJ-1 Consumers) (VP may (VP want (S (NP-SBJ *-1) (VP to (VP move (NP their telephones) (ADVP-DIR (NP a little) closer (PP to (NP the TV set)))))))) .)) (TOP (S (NP-SBJ (NP Couch-potato jocks) (VP watching (NP (NP ABC 's) `` Monday Night Football ''))) (VP can (ADVP-TMP now) (VP vote (PP-TMP during (NP halftime)) (PP-CLR for (NP (NP the greatest play) (PP-TMP in (NP 20 years)) (PP from (PP among (NP (QP four or five) filmed replays))))))) .)) (TOP (S (ADVP-TMP (NP Two weeks) ago) , (NP-SBJ-1 (NP viewers) (PP of (NP several NBC daytime consumer segments))) (VP started (S (NP-SBJ *-1) (VP calling (NP a 900 number) (PP-PRP for (NP (NP advice) (PP on (NP various life-style issues))))))) .)) (TOP (S And (NP-SBJ (NP the new syndicated `` reality '' show) `` (NP-TTL Hard Copy) '') (VP records (NP (NP viewers ') opinions) (PP-PRP for (NP (NP possible airing) (PP-LOC on (NP (NP the next day 's) show))))) .)) (TOP (S (S (NP-SBJ Interactive telephone technology) (VP has (VP taken (NP (NP a new leap) (PP in (NP sophistication)))))) , and (S (NP-SBJ-1 television programmers) (VP are (VP racing (S (NP-SBJ *-1) (VP to (VP exploit (NP the possibilities))))))) .)) (TOP (S (ADVP Eventually) (NP-SBJ viewers) (VP may (VP (VP grow (ADJP-PRD bored (PP with (NP the technology)))) and (VP resent (NP the cost)))) .)) (TOP (S But (ADVP-TMP right now) (NP-SBJ programmers) (VP are (VP figuring (SBAR that (S (NP-SBJ (NP viewers) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP are (ADJP-PRD busy (S (NP-SBJ *-2) (VP dialing (PRT up) (NP (NP a range) (PP of (NP services)))))))))) (VP may (VP (VP put (PRT down) (NP their remote control zappers)) and (VP stay (ADJP-PRD tuned)))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-2 We) (VP 've (VP been (VP spending (NP (NP a lot) (PP of (NP time))) (PP-LOC in (NP Los Angeles)) (S-ADV (NP-SBJ *-2) (VP talking (PP-CLR to (NP TV production people)))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Mike Parks) , (NP (NP president) (PP of (NP (NP Call Interactive) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP supplied (NP (NP technology) (PP for (NP both (NP ABC Sports) and (NP (NP NBC 's) consumer minutes))))))))))) .)) (TOP (S `` (PP With (NP (NP the competitiveness) (PP of (NP the television market)))) (NP-TMP these days) , (NP-SBJ everyone) (VP is (VP looking (PP-CLR for (NP (NP a way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP get (S (NP-SBJ viewers) (ADJP-PRD more excited)) (ADVP-MNR *T*-1))))))))) . '')) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the leaders) (PP-LOC behind (NP (NP the expanded use) (PP of (NP 900 numbers))))))) (VP is (NP-PRD (NP Call Interactive) , (NP (NP a joint venture) (PP of (NP (NP giants) (NP (NP American Express Co.) and (NP American Telephone & Telegraph Co))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Formed (NP *-2) (PP-TMP in (NP August)))) , (NP-SBJ-1 the venture) (VP weds (NP (NP AT&T 's) (ADJP newly expanded) 900 service) (PP-CLR with (NP (NP 200 voice-activated computers) (PP-LOC in (NP (NP American Express 's) (NAC-LOC Omaha , Neb. ,) service center))))) .)) (TOP (S (S (NP-SBJ-1 Other long-distance carriers) (VP have (ADVP also) (VP begun (S (NP-SBJ *-1) (VP marketing (NP enhanced 900 service)))))) , and (S (NP-SBJ-2 special consultants) (VP are (VP springing (PRT up) (S-PRP (NP-SBJ *-2) (VP to (VP exploit (NP the new tool))))))) .)) (TOP (S (NP-SBJ (NP Blair Entertainment) , (NP (NP a New York firm) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP advises (NP TV stations)) and (VP sells (NP ads) (PP for (NP them))))))) ,) (VP has (ADVP-TMP just) (VP formed (NP (NP a subsidiary) -- (NP 900 Blair) -- (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP apply (NP the technology) (PP-CLR to (NP television))))))))) .)) (TOP (S (NP-SBJ (NP The use) (PP of (NP 900 toll numbers))) (VP has (VP been (VP expanding (ADVP-MNR rapidly) (PP-TMP in (NP recent years))))) .)) (TOP (S (S (PP-TMP For (NP a while)) , (NP-SBJ (NP high-cost pornography lines) and (NP (NP services) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP tempt (S (NP-SBJ children) (VP to (VP dial (PRN -LRB- and redial -RRB-) (NP movie or music information))))))))) (VP earned (NP the service) (NP a (ADJP somewhat sleazy) image))) , but (S (NP-SBJ-1 new legal restrictions) (VP are (VP aimed (NP *-1) (PP at (S-NOM (NP-SBJ *) (VP trimming (NP excesses))))))) .)) (TOP (S (NP-SBJ-1 (NP The cost) (PP of (NP a 900 call))) (VP is (VP set (NP *-1) (PP by (NP-LGS (NP the originator) (PRN -- (NP ABC Sports) , (PP for (NP example)) --))) (PP with (NP (NP the cheapest) (VP starting (PP-CLR at (NP 75 cents))))))) .)) (TOP (S (NP-SBJ-1 Billing) (VP is (VP included (NP *-1) (PP-LOC-CLR in (NP (NP a caller 's) regular phone bill)))) .)) (TOP (S (PP From (NP the fee)) , (NP-SBJ-3 (NP the local phone company) and (NP the long-distance carrier)) (VP extract (NP (NP their costs) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP carry (NP the call) (ADVP-MNR *T*-2)))))) , (S-ADV (NP-SBJ *-3) (VP passing (NP (NP the rest) (PP of (NP the money))) (PP-CLR to (NP (NP the originator) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP must (VP cover (NP (NP advertising) and (NP other costs))))))))))) .)) (TOP (S (PP-TMP In (NP recent months)) , (NP-SBJ-1 the technology) (VP has (VP become (ADJP-PRD (ADJP more flexible) and (ADJP able (S (NP-SBJ *-1) (VP to (VP handle (NP (ADJP much more) volume)))))))) .)) (TOP (S (ADVP-TMP Before) , (S (NP-SBJ (NP callers) (PP of (NP 900 numbers))) (VP would (VP (VP (ADVP just) listen) and (VP not talk)))) , or (S (NP-SBJ they) (VP 'd (VP vote (INTJ (INTJ `` yes '') or (INTJ `` no '')) (PP-MNR by (S-NOM (NP-SBJ *) (VP calling (NP (NP one) (PP of (NP two numbers))))))))) .)) (TOP (S -LRB- (NP-SBJ (NP People) (PP-LOC in (NP the phone business))) (VP call (S (NP-SBJ this technology) `` (NP-PRD 900 click))) . '' -RRB-)) (TOP (S (ADVP-TMP Now) , (S (NP-SBJ-1 callers) (VP are (VP led (NP *-1) (PP-CLR through (NP (NP complex menus) (PP of (NP choices)))) (S-PRP (NP-SBJ *-1) (VP to (VP retrieve (NP (NP information) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP want (NP *T*-2))))))))))) , and (S (NP-SBJ the hardware) (VP can (VP process (NP 10,000 calls) (PP-TMP in (NP 90 seconds))))) .)) (TOP (S (PP-TMP Up (PP to now)) , (NP-SBJ-1 900 numbers) (VP have (ADVP mainly) (VP been (VP used (NP *-1) (PP-LOC on (NP (NP local TV stations) and (NP cable channels)))))) .)) (TOP (S (NP-SBJ-1 MTV) (VP used (NP one) (S-CLR (NP-SBJ *-1) (VP to (VP give (PRT away) (NP (NP the house) (SBAR (WHNP-2 that) (S (NP-SBJ rock star Jon Bon Jovi) (VP grew (PRT up) (PP-LOC in (NP *T*-2)))))))))) .)) (TOP (S (S (PP-TMP For (NP several years)) , (NP-SBJ (NP Turner Broadcasting System 's) Cable News Network) (VP has (VP invited (S (NP-SBJ viewers) (VP to (VP respond (ADVP-TMP nightly) (PP-CLR to (NP (NP topical issues) (PRN -LRB- (SQ `` Should (NP-SBJ the U.S. military) (VP intervene (PP-LOC in (NP Panama))) ? '') -RRB-))))))))) , but (S (NP-SBJ (NP even the hottest controversies) (PP-LOC on (NP CNN))) (VP log (NP (QP only about 10,000) calls))) .)) (TOP (S (NP-SBJ (NP The newest uses) (PP of (NP the 900-interactive technology))) (VP demonstrate (NP (NP the growing variety) (PP of (NP applications)))) .)) (TOP (S (NP-SBJ-1 (NP Capital Cities/ABC Inc.) , (NP CBS Inc.) and (NP (NP General Electric Co. 's) National Broadcasting Co. unit)) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP announce (ADVP-TMP soon) (NP (NP a joint campaign) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP raise (NP (NP awareness) (PP about (NP hunger))))))))))))) .)) (TOP (S (S (NP-SBJ-1 The subject) (VP will (VP be (VP written (NP *-1) (PP-CLR into (NP (NP the plots) (PP of (NP prime-time shows)))))))) , and (S (NP-SBJ-2 viewers) (VP will (VP be (VP given (NP *-2) (NP (NP a 900 number) (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP call (NP *T*-3)))))))))) .)) (TOP (S (S (NP-SBJ-1 Callers) (VP will (VP be (VP sent (NP *-1) (NP educational booklets))))) , and (S (NP-SBJ (NP the call 's) modest cost) (VP will (VP be (NP-PRD (NP an immediate method) (PP of (S-NOM (NP-SBJ *) (VP raising (NP money)))))))) .)) (TOP (S (NP-SBJ Other network applications) (VP have (NP (ADJP very different) goals)) .)) (TOP (S (NP-SBJ ABC Sports) (VP was (VP looking (PP-CLR for (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP lift (NP (NP deflated halftime ratings) (PP for (NP `` Monday Night Football))) (ADVP-MNR *T*-1))))))))) . '')) (TOP (S (NP-SBJ (NP Kurt Sanger) , (NP (NP ABC Sports 's) marketing director) ,) (VP says (SBAR that (S (ADVP-TMP now) (NP-SBJ-1 (NP (QP `` tens of thousands '')) (PP of (NP fans))) (VP call (NP its 900 number) (NP-TMP each week) (S-PRP (NP-SBJ *-1) (VP to (VP vote (PP-CLR for (NP the best (NX (NX punt return) , (NX quarterback sack) , etc)))))))))) .)) (TOP (S (S (S (NP-SBJ (NP Profit) (PP from (NP the calls))) (VP goes (PP-CLR to (NP charity)))) , but (S (NP-SBJ ABC Sports) (ADVP also) (VP uses (NP the calls) (PP-CLR as (NP a sales tool))))) : (S (S (PP-TMP After (S-NOM (NP-SBJ *) (VP thanking (NP callers) (PP-CLR for (NP voting))))) , (NP-SBJ Frank Gifford) (VP offers (NP a football videotape) (PP-CLR for (NP $ 19.95 *U*)))) , and (S (NP-SBJ-1 (NP 5 %) (PP of (NP callers))) (VP stay (PP-CLR on (NP the line)) (S-PRP (NP-SBJ *-1) (VP to (VP order (NP it))))))) .)) (TOP (S (NP-SBJ-1 Jackets) (VP may (VP be (VP sold (NP *-1) (ADVP-TMP next)))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ NBC Sports) (ADVP-TMP recently) (VP began (NP (NP `` Scores Plus) , '' (NP (NP a year-round , 24-hour 900 line) (VP providing (NP (NP a complex array) (PP of (NP (NP scores) , (NP analysis) and (NP fan news)))))))) .)) (TOP (S (NP-SBJ A spokesman) (VP said (SBAR 0 (S (NP-SBJ its purpose) (VP is `` (S-PRD (NP-SBJ *) (VP to (VP bolster (NP the impression (SBAR that (S (NP-SBJ NBC Sports) (VP is (ADVP-TMP always) (ADVP-LOC-PRD there (PP for (NP people)))))))))))))) . '')) (TOP (S (NP-SBJ (NP NBC 's) `` On-Line '' consumer minutes) (VP have (VP increased (NP advertiser spending) (PP-TMP during (NP (NP the day) , (NP (NP the network 's) weakest period))))) .)) (TOP (S (S (NP-SBJ Each weekday) (VP matches (NP (NP a sponsor) and (NP a topic)))) : (S (PP-TMP On (NP Mondays)) , (NP-SBJ (NP Unilever N.V. 's) Lever Bros.) (VP sponsors (NP (NP tips) (PP on (NP diet and exercise)) , (VP followed (NP *) (PP by (NP-LGS a 30-second Lever Bros. commercial)))))) .)) (TOP (S (S (NP-SBJ Viewers) (VP can (VP call (NP a 900 number) (PP-CLR for (NP (NP additional advice) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP tailored (NP *-1) (PP-CLR to (NP their needs)) (PP based (PP on (NP (NP the numbers) (SBAR (WHNP-3 0) (S (NP-SBJ they) (VP punch (NP *T*-3))))))))))))))))) (PRN -LRB- (S `` (S (NP-SBJ *) (VP Press (NP one) (SBAR-ADV if (S (NP-SBJ you) (VP 're (ADJP-PRD pregnant)))))) , '' etc .) -RRB-) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the caller) (VP (VP stays (PP-CLR on (NP the line))) and (VP leaves (NP a name and address) (PP-BNF for (NP the sponsor)))))) , (S (NP-SBJ-1 (NP coupons) and (NP a newsletter)) (VP will (VP be (VP mailed (NP *-1))))) , and (S (NP-SBJ-2 the sponsor) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP gather (NP (NP a list) (PP of (NP desirable potential customers)))))))))) .)) (TOP (S (NP-SBJ (NP Diane Seaman) , (NP an NBC-TV vice president) ,) (VP says (SBAR 0 (S (NP-SBJ-1 NBC) (VP has (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP charge (NP premium rates) (PP-CLR for (NP this ad time))))))))))) .)) (TOP (S (S (NP-SBJ She) (VP would n't (VP say (SBAR (WHNP-1 what) (S (NP-SBJ the premium) (VP is (NP-PRD *T*-1))))))) , but (S (NP-SBJ-2 it) (VP 's (VP believed (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP (QP about 40) %) (PP-LOC above (NP regular daytime rates))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-1 We) (VP were (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP get (S (NP-SBJ advertisers) (VP to (VP use (NP their promotion budget) (PP-CLR for (NP this)) , (SBAR-PRP because (S (NP-SBJ they) (VP get (NP (NP a chance) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP do (NP couponing) (ADVP-MNR *T*-2)))))))))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ Ms. Seaman) .)) (TOP (S `` And (NP-SBJ-1 we) (VP were (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP attract (NP some new advertisers) (SBAR-PRP because (S (NP-SBJ this) (VP is (NP-PRD something new))))))))) . '')) (TOP (S (NP-SBJ (NP Mr. Parks) (PP of (NP Call Interactive))) (VP says (SBAR 0 (S (NP-SBJ TV executives) (VP are (VP considering (NP (NP the use) (PP of (NP 900 numbers)) (PP for (NP `` (NP talk shows) , (NP game shows) , (NP news) and (NP opinion surveys))))))))) . '')) (TOP (S (NP-SBJ Experts) (VP are (VP predicting (NP (NP a big influx) (PP of (NP new shows))) (PP-TMP in (NP (NP 1990) , (SBAR (WHADVP-1 when) (S (NP-SBJ (NP a service) (VP called (S (NP-SBJ *) (NP-PRD `` automatic number information '')))) (VP will (VP become (ADJP-PRD widely available) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (S (NP-SBJ This service) (VP identifies (NP (NP each caller 's) phone number))) , and (S (NP-SBJ-1 it) (VP can (VP be (VP used (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP generate (NP instant mailing lists)))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP-TTL `` Hard Copy) , '' (NP (NP the new syndicated tabloid show) (PP from (NP Paramount Pictures))) ,) (VP will (VP use (NP its 900 number) (PP-CLR for (NP (NP additional purposes) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP include (NP research))))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ executive producer Mark B. von S. Monsky) .)) (TOP (S `` (S-TPC-4 (PP For (NP (NP a piece) (PP on (NP (NP local heroes) (PP of (NP World War II)))))) , (NP-SBJ we) (VP can (VP ask (NP-2 people) (S (NP-SBJ *-2) (VP to (VP leave (NP (NP the name and number) (PP of (NP (NP anyone) (SBAR (SBAR (WHNP-3 0) (S (NP-SBJ they) (VP know (NP *T*-3)))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP won (NP a medal)))))))))))))) , '' (NP-SBJ he) (VP says (S *T*-4)) .)) (TOP (S `` (NP-SBJ That) (VP 'll (VP (VP save (NP-BNF us) (NP time)) and (VP get (S (NP-SBJ people) (ADJP-PRD involved))))) . '')) (TOP (S But (NP-SBJ Mr. Monsky) (VP sees (NP (ADJP much bigger) changes) (ADVP-LOC ahead)) .)) (TOP (S `` (S-TPC-3 (NP-SBJ These) (VP are (NP-PRD (NP just baby steps) (PP toward (NP (NP real interactive video) , (SBAR (WHNP-1 which) (S (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ *T*-1) (VP will (VP be (NP-PRD (NP the biggest thing) (ADVP yet) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP affect (NP television)))))))))))))))))) , '' (NP-SBJ he) (VP says (S *T*-3)) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP it) (S *EXP*-1)) (VP would (VP be (ADJP-PRD costly) (S-1 (NP-SBJ *) (VP to (VP shoot (NP multiple versions)))))))) , (NP-SBJ TV programmers) (VP could (VP let (S (NP-SBJ audiences) (VP vote (PP-CLR on (NP (NP different endings) (PP for (NP a movie)))))))) .)) (TOP (S (NP-SBJ Fox Broadcasting) (VP experimented (PP-CLR with (NP this concept)) (NP-TMP (NP last year) (SBAR (WHADVP when) (S (NP-SBJ (NP viewers) (PP of (ADJP-TTL `` Married ... (PP With (NP Children)) ''))) (VP voted (PP-CLR on (SBAR whether (S (NP-SBJ Al) (VP should (VP say (S `` (NP-SBJ I) (VP love (NP you)) '') (PP to (NP Peg)) (PP-TMP on (NP (NP Valentine 's) Day)))))))))))) .)) (TOP (S (ADVP-TMP Someday) , (NP-SBJ viewers) (VP may (ADVP also) (VP choose (NP (NP different depths) (PP of (NP news coverage))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP A menu) (PP by (NP phone))) (VP could (VP let (S (NP-SBJ you) (VP decide , (S ` (S (NP-SBJ I) (VP 'm (ADJP-PRD interested (PP in (NP (NP just the beginning) (PP of (NP story No. 1))))))) , and (S (NP-SBJ I) (VP want (NP story No. 2) (PP-MNR in (NP depth)))))))))) , '' (NP-SBJ Mr. Monsky) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ-1 You) (VP 'll (VP start (S (NP-SBJ *-1) (VP to (VP see (NP (NP shows) (SBAR (WHADVP-2 where) (S (NP-SBJ viewers) (VP program (NP the program) (ADVP-LOC *T*-2)))))))))) .)) (TOP (S (NP-SBJ (NP Integrated Resources Inc.) , (NP (NP the troubled financial-services company) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP has (VP been (VP trying (S (NP-SBJ-3 *-2) (VP to (VP sell (NP its core companies) (S-PRP (NP-SBJ *-3) (VP to (VP restructure (NP debt))))))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP talks) (PP with (NP a potential buyer))) (VP ended)))) .)) (TOP (S (NP-SBJ Integrated) (VP did n't (VP (VP identify (NP the party)) or (VP say (SBAR (WHADVP-1 why) (S (NP-SBJ the talks) (VP failed (ADVP-PRP *T*-1))))))) .)) (TOP (S (NP-TMP Last week) (NP-SBJ (NP another potential buyer) , (NP (NP Whitehall Financial Group) -- (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP had (VP agreed (PP-TMP in (NP August)) (S (NP-SBJ *-2) (VP to (VP purchase (NP (NP most) (PP of (NP (NP Integrated 's) core companies))) (PP-CLR for (NP (QP $ 310 million) *U*))))))))) --)) (VP ended (NP (NP talks) (PP with (NP Integrated)))) .)) (TOP (S (NP-SBJ Integrated) (VP said (SBAR (SBAR that (S (NP-SBJ-1 it) (VP would (VP continue (S (NP-SBJ-2 *-1) (VP to (VP pursue (NP `` other alternatives '') (S-PRP (NP-SBJ *-2) (VP to (VP sell (NP the five core companies))))))))))) and (SBAR that (S (NP-SBJ-3 (NP a group) (PP of (NP senior executives))) (VP plans (S (NP-SBJ *-3) (VP to (VP make (NP a proposal (S (NP-SBJ *) (VP to (VP purchase (NP (NP (NP three) (PP of (NP the companies))) -- (NP (NP Integrated Resources Equity Corp.) , (NP Resources Trust Co.) and (NP Integrated Resources Asset Management Corp))))))))))))))) .)) (TOP (S (NP-SBJ-1 A price) (VP was n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ Integrated) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP a second-quarter loss) (ADJP (ADJP wider) (PP than (NP (NP the earlier estimate) (PP of (NP (QP about $ 600 million) *U*))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP (VP did n't (VP disclose (NP the new estimate))) but (VP said (SBAR 0 (S (NP-SBJ-3 the change) (VP was (VP related (NP *-3) (PP-CLR to (NP (NP (NP Integrated 's) failure (S (NP-SBJ *) (VP to (VP sell (NP its core businesses))))) , (CONJP as well as) (NP (NP `` other events) , '' (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP did n't (VP detail (NP *T*-1))))) , (SBAR (WHNP-4 that) (S (NP-SBJ *T*-4) (VP occurred (PP-TMP after (NP (NP its announcement (SBAR *ICH*-2)) (NP-TMP last week) (SBAR-2 that (S (NP-SBJ it) (VP was (PP-LOC-PRD in (NP (NP talks) (PP with (NP the unidentified prospective buyer))))))))))))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 (NP a number) (PP of (NP (NP top sales producers) (PP from (NP Integrated Resources Equity))))) (VP will (VP meet (NP-TMP this afternoon) (PP-LOC in (NP Chicago)) (S-PRP (NP-SBJ *-1) (VP to (VP discuss (NP their options)))))) .)) (TOP (S (NP-SBJ The unit) (VP is (NP-PRD (NP a (ADJP loosely constructed) group) (PP of (NP (NP (QP about 3,900) (NX (NX independent brokers) and (NX financial planners))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sell (NP (NP insurance) , (NP annuities) , (NP limited partnerships) , (NP mutual funds) and (NP (NP other investments) (PP for (NP (NP Integrated) and (NP other firms)))))))))))) .)) (TOP (S (NP-SBJ-1 The sales force) (VP is (VP viewed (NP *-1) (PP-CLR as (NP (NP a critical asset) (PP-LOC in (NP (NP Integrated 's) attempt (S (NP-SBJ *) (VP to (VP sell (NP its core companies)))))))))) .)) (TOP (S (NP-SBJ Whitehall) (VP cited (NP (NP concerns) (PP about (SBAR (WHADVP-2 how long) (S (NP-SBJ-1 Integrated) (VP would (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP hold (PRT together) (NP the sales force) (ADVP-TMP *T*-2))))))))))) (PP-CLR as (NP (NP one reason) (SBAR (WHADVP-3 0) (S (NP-SBJ (NP its talks) (PP with (NP Integrated))) (VP failed (ADVP-PRP *T*-3))))))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)) (NP-TMP yesterday))) , (NP-SBJ Integrated) (VP closed (PP-CLR at (NP (NP $ 1.25 *U*) (NP-ADV a share))) , (ADVP down (NP 25 cents))) .)) (TOP (S (NP-SBJ-1 Integrated) (VP has (VP been (VP struggling (S (NP-SBJ *-1) (VP to (VP avoid (NP a bankruptcy-law filing)))) (PP-TMP since (NP (NP June) , (SBAR (WHADVP-3 when) (S (NP-SBJ-2 it) (VP failed (S (NP-SBJ *-2) (VP to (VP make (NP (NP interest payments) (PP on (NP (NP (QP nearly $ 1 billion) *U*) (PP of (NP debt)))))))) (ADVP-TMP *T*-3))))))))) .)) (TOP (S (NP-SBJ-1 Integrated senior and junior creditors) (VP are (VP owed (NP *-1) (NP (NP a total) (PP of (NP (QP about $ 1.8 billion) *U*))))) .)) (TOP (S (NP-SBJ-1 AN EARTHQUAKE) (VP STRUCK (NP Northern California) , (S-ADV (NP-SBJ *-1) (VP killing (NP (QP more than 50) people)))) .)) (TOP (S (NP-SBJ (NP The violent temblor) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP lasted (NP (QP about 15) seconds)) and (VP registered (NP 6.9) (PP-CLR on (NP the Richter scale)))))) ,) (ADVP also) (VP (VP caused (NP (NP the collapse) (PP of (NP (NP a 30-foot section) (PP of (NP the San Francisco-Oakland Bay Bridge)))))) and (VP shook (NP Candlestick Park))) .)) (TOP (S (NP-SBJ-1 The tremor) (VP (VP was (ADJP-PRD centered (PP-LOC near (NP (NP Hollister) , (NP-LOC (NP southeast) (PP of (NP San Francisco))))))) , and (VP was (VP felt (NP *-1) (ADVP-LOC as far (PP as (NP 200 miles)) away)))) .)) (TOP (S (NP-SBJ-1 Numerous injuries) (VP were (VP reported (NP *-1))) .)) (TOP (S (S (NP-SBJ Some buildings) (VP collapsed)) , (S (NP-SBJ gas and water lines) (VP ruptured)) and (S (NP-SBJ fires) (VP raged)) .)) (TOP (S (NP-SBJ (NP The quake) , (SBAR (WHNP-1 which) (S (ADVP also) (NP-SBJ *T*-1) (VP caused (NP (NP damage) (PP-LOC in (NP (NP San Jose) and (NP Berkeley))))))) ,) (VP (VP knocked (PRT out) (NP electricity and telephones)) , (VP cracked (NP roadways)) and (VP disrupted (NP (NP subway service) (PP-LOC in (NP the Bay Area))))) .)) (TOP (S (NP-SBJ-2 Major injuries) (VP were n't (VP reported (NP *-2) (PP-LOC at (NP (NP Candlestick Park) , (SBAR (WHADVP-3 where) (S (S (NP-SBJ-1 (NP the third game) (PP of (NP (NP baseball 's) World Series))) (VP was (VP-5 canceled (NP *-1)))) and (S (NP-SBJ=1-4 fans) (VP=5 evacuated (NP *-4) (PP-CLR from (NP the stadium)))) (ADVP-LOC *T*-3))))))) .)) (TOP (S (NP-SBJ-1 Bush) (VP vowed (S (NP-SBJ *-1) (VP to (VP veto (NP (NP a bill) (VP allowing (NP (NP federal financing) (PP for (NP (NP abortions) (PP in (NP (NP cases) (PP of (NP rape and incest)))))))))))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ-2 tax dollars) (VP should n't (VP be (VP used (NP *-2) (S (NP-SBJ *) (VP to `` (VP compound (NP a violent act) (PP-MNR with (NP (NP the taking) (PP of (NP an unborn life))))))))))))))) . '')) (TOP (S (NP-SBJ (NP His pledge) , (PP-LOC in (NP (NP a letter) (PP to (NP Democratic Sen. Byrd)))) ,) (VP came (ADVP ahead (PP of (NP (NP an expected Senate vote) (PP on (NP (NP spending legislation) (VP containing (NP the provision)))))))) .)) (TOP (S (NP-SBJ (NP East Germany 's) Politburo) (VP met (PP-MNR amid (NP speculation (SBAR that (S (NP-SBJ the ruling body) (VP would (VP oust (NP (NP hard-line leader Honecker) , (SBAR (WHNP-2 whose rule) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP challenged (NP *-1) (PP by (NP-LGS (NP mass emigration) and (NP (NP calls) (PP for (NP democratic freedoms)))))))))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (QP about 125) refugees) (VP (VP flew (PP-DIR to (NP (NP Duesseldorf) , (NP West Germany) ,)) (PP-DIR from (NP Warsaw))) , (NP (NP the first airlift) (PP-LOC in (NP (NP East Germany 's) refugee exodus)))) .)) (TOP (S (NP-SBJ-1 The World Psychiatric Association) (VP voted (PP-LOC at (NP an Athens parley)) (S (NP-SBJ *-1) (VP to (VP (ADVP-MNR conditionally) readmit (NP the Soviet Union))))) .)) (TOP (S (NP-SBJ-1 (NP Moscow) , (SBAR (WHNP-4 which) (S (NP-SBJ-5 *T*-4) (VP left (NP the group) (PP-TMP in (NP 1983)) (S-PRP (NP-SBJ *-5) (VP to (VP avoid (NP (NP explusion) (PP over (NP allegations (SBAR that (S (NP-SBJ-2 political dissidents) (VP were (VP being (VP certified (NP *-2) (PP-CLR as (ADJP insane)))))))))))))))) ,) (VP could (VP be (VP suspended (NP *-1) (SBAR-ADV if (S (NP-SBJ-3 (NP the misuse) (PP of (NP psychiatry)) (PP against (NP dissenters))) (VP is (VP discovered (NP *-3) (PP-TMP during (NP (NP a review) (PP-TMP within (NP a year))))))))))) .)) (TOP (S (NP-SBJ NASA) (VP postponed (NP (NP the liftoff) (PP of (NP the space shuttle Atlantis))) (PP-PRP because of (NP (NP rain) (PP-LOC near (NP (NP the site) (PP of (NP the launch pad)) (PP-LOC in (NP (NP Cape Canaveral) , (NP Fla)))))))) .)) (TOP (S (NP-SBJ-1 The flight) (VP was (VP rescheduled (NP *-1) (PP for (NP today)))) .)) (TOP (S (NP-SBJ-1 (NP The spacecraft 's) five astronauts) (VP are (S (NP-SBJ *-1) (VP to (VP dispatch (NP the nuclear-powered Galileo space probe) (PP on (NP (NP an exploratory mission) (PP-DIR to (NP Jupiter)))))))) .)) (TOP (S (NP-SBJ Senate Democratic leaders) (VP said (SBAR 0 (S (NP-SBJ they) (VP had (NP (NP enough votes) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP defeat (NP (NP a proposed constitutional amendment) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP ban (NP flag burning)))))) (ADVP-MNR *T*-1)))))))))) .)) (TOP (S (NP-SBJ-1 The amendment) (VP is (VP aimed (NP *-1) (PP-CLR at (S-NOM (NP-SBJ *) (VP skirting (NP (NP a Supreme Court ruling) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP threw (PRT out) (NP (NP the conviction) (PP of (NP a Texas flag-burner))) (PP-PRP on (NP grounds (SBAR that (S (NP-SBJ-2 (NP his freedom) (PP of (NP speech))) (VP was (VP violated (NP *-2)))))))))))))))) .)) (TOP (S (NP-SBJ Federal researchers) (VP said (SBAR 0 (S (NP-SBJ-1 (NP lung-cancer mortality rates) (PP for (NP (NP people) (PP under (NP (NP 45 years) (PP of (NP age))))))) (VP have (VP begun (S (NP-SBJ *-1) (VP to (VP decline , (PP (ADVP particularly) for (NP white males)))))))))) .)) (TOP (S (NP-SBJ The National Cancer Institute) (ADVP also) (VP projected (SBAR that (S (NP-SBJ-1 (NP overall U.S. mortality rates) (PP from (NP lung cancer))) (VP should (VP begin (S (NP-SBJ *-1) (VP to (VP drop (PP-TMP in (NP several years)) (SBAR-ADV if (S (NP-SBJ-2 cigarette smoking) (VP continues (S (NP-SBJ *-2) (VP to (VP abate)))))))))))))) .)) (TOP (S (NP-SBJ Bush) (VP met (PP-CLR with (NP (NP (ADJP South Korean) President Roh) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP indicated (SBAR that (S (NP-SBJ-2 Seoul) (VP plans (S (NP-SBJ *-2) (VP to (ADVP further) (VP ease (NP trade rules) (S-PRP (NP-SBJ *-2) (VP to (VP ensure (SBAR that (S (NP-SBJ its economy) (VP becomes (ADJP-PRD (ADJP as open) (PP as (NP the other industrialized nations))) (PP-TMP by (NP the mid-1990s)))))))))))))))))))) .)) (TOP (S (NP-SBJ Bush) (VP assured (NP Roh) (SBAR that (S (NP-SBJ the U.S.) (VP would (VP stand (PP-CLR by (NP its security commitments)) (ADVP-TMP `` (ADVP as long) (SBAR as (S (NP-SBJ there) (VP is (NP-PRD (NP a threat) '' (PP from (NP Communist North Korea)))))))))))) .)) (TOP (S (NP-SBJ The Bush administration) (VP is (VP seeking (NP (NP an understanding) (PP with (NP Congress)) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP ease (NP (NP restrictions) (PP on (NP (NP U.S. involvement) (PP-LOC in (NP (NP foreign coups) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP result (PP-CLR in (NP (NP the death) (PP of (NP (NP a country 's) leader)))))))))))))))))))) .)) (TOP (S (NP-SBJ A White House spokesman) (VP said (SBAR that (S (SBAR-ADV while (S (NP-SBJ Bush) (VP would n't (VP alter (NP (NP a longstanding ban) (PP on (NP such involvement))))))) , `` (NP-SBJ there) (VP 's (NP-PRD (NP a clarification) (VP needed (NP *) '') (PP on (NP its interpretation))))))) .)) (TOP (S (NP-SBJ (NP India 's) Gandhi) (VP called (PP-CLR for (NP parliamentary elections)) (NP-TMP next month)) .)) (TOP (S (NP-SBJ (NP The balloting) , (VP considered (S (NP-SBJ *) (NP-PRD (NP a test) (PP for (NP (NP the prime minister) and (NP the ruling Congress (PRN -LRB- I -RRB-) Party)))))) ,) (VP comes (PP-TMP amid (NP (NP charges) (PP of (NP (NP inept leadership) and (NP government corruption)))))) .)) (TOP (S (NP-SBJ (NP Gandhi 's) family) (VP has (VP ruled (NP independent India) (PP for (NP (NP (QP all but five) years) (PP of (NP its 42-year history)))))) .)) (TOP (S (NP-SBJ The Soviet Union) (VP abstained (PP-CLR from (NP (NP a U.N. General Assembly vote) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP reject (NP (NP Israel 's) credentials)))))))) .)) (TOP (S (NP-SBJ-2 It) (VP (VP was (NP-PRD (NP the first time) (PP-TMP in (NP seven years)) (SBAR that (S (NP-SBJ Moscow) (VP has n't (VP joined (NP (NP efforts) , (VP led (NP *) (PP by (NP-LGS Moslem nations))) , (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP expel (NP Israel) (PP-CLR from (NP the world body))))))))))))) , and (VP was (VP viewed (NP *-2) (PP-CLR as (NP (NP a sign) (PP of (NP improving Soviet-Israeli ties))))))) .)) (TOP (S (NP-SBJ-38 Israel) (VP was (VP seated (NP *-38) (PP by (NP-LGS (NP a vote) (PP of (NP 95-37)))) , (PP with (NP 15 abstentions)))) .)) (TOP (S (NP-SBJ Black activist Walter Sisulu) (VP said (SBAR 0 (S (NP-SBJ the African National Congress) (VP would n't (VP reject (NP violence) (PP-CLR as (NP (NP a way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP pressure (NP the (ADJP South African) government) (PP-CLR into (NP (NP concessions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP lead (PP-CLR to (NP (NP negotiations) (PP over (NP apartheid)))))))))) (ADVP-MNR *T*-2)))))))))))) .)) (TOP (S (NP-SBJ The 77-year-old Sisulu) (VP was (PP-LOC-PRD among (NP (NP eight black political activists) (VP freed (NP *) (NP-TMP Sunday) (PP-CLR from (NP prison)))))) .)) (TOP (S (NP-SBJ London) (VP has (VP concluded (SBAR that (S (NP-SBJ Austrian President Waldheim) (VP was n't (ADJP-PRD responsible (PP for (NP (NP the execution) (PP of (NP six British commandos)) (PP-TMP in (NP World War II))))) , (SBAR-ADV although (S (NP-SBJ he) (ADVP probably) (VP was (ADJP-PRD aware (PP of (NP the slayings))))))))))) .)) (TOP (S (NP-SBJ (NP The report) (PP by (NP the Defense Ministry))) (ADVP also) (VP rejected (NP allegations (SBAR that (S (NP-SBJ Britain) (VP covered (PRT up) (NP (NP evidence) (PP of (NP (NP (NP Waldheim 's) activities) (PP as (NP a German army officer)))))))))) .)) (TOP (S (NP-SBJ An international group) (VP approved (NP (NP a formal ban) (PP on (NP ivory trade))) (PP despite (NP (NP objections) (PP from (NP (NP (ADJP southern African) governments) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP threatened (S (NP-SBJ *-2) (VP to (VP find (NP (NP alternative channels) (PP for (S-NOM (NP-SBJ *) (VP selling (NP elephant tusks)))))))))))))))) .)) (TOP (S (NP-SBJ (NP The move) (PP by (NP (NP (NP the Convention) (PP on (NP (NP Trade) (PP in (NP Endangered Species))))) , (VP meeting (PP-LOC in (NP Switzerland))) ,))) (VP places (NP the elephant) (PP-LOC-CLR on (NP the endangered-species list))) .)) (TOP (S (NP-SBJ (NP An assassin) (PP-LOC in (NP Colombia))) (VP killed (NP a federal judge) (PP-LOC on (NP a Medellin street))) .)) (TOP (S (NP-SBJ (NP An anonymous caller) (PP to (NP a local radio station))) (VP said (SBAR 0 (S (NP-SBJ cocaine traffickers) (VP had (VP slain (NP the magistrate) (PP-PRP in (NP (NP retaliation) (PP for (NP (NP the extraditions) (PP of (NP (NP Colombians) (VP wanted (NP *) (PP-CLR on (NP drug charges)) (PP-LOC in (NP the U.S)))))))))))))) .)) (TOP (S (S (NP-SBJ Libyan leader Gadhafi) (VP met (PP-CLR with (NP (NP Egypt 's) President Mubarak)))) , and (S (NP-SBJ-1 the two officials) (VP pledged (S (NP-SBJ *-1) (VP to (VP respect (NP (NP each other 's) laws , security and stability)))))) .)) (TOP (S (NP-SBJ They) (VP stopped (ADVP-CLR short (PP of (S-NOM (NP-SBJ *) (VP resuming (NP (NP diplomatic ties) , (VP severed (NP *) (PP-TMP in (NP 1979))))))))) .)) (TOP (S (NP-SBJ (NP The reconciliation talks) (PP-LOC in (NP (NP the Libyan desert town) (PP of (NP Tobruk))))) (VP followed (NP (NP a meeting) (NP-TMP Monday) (PP-LOC in (NP (NP the Egyptian resort) (PP of (NP Mersa Metruh)))))) .)) (TOP (S (NP-SBJ Alpine Group Inc.) (VP (VP revised (NP (NP its exchange offer) (PP for (NP (NP (ADJP (QP $ 43.7 million) *U*) face amount) (PP of (NP (NP (ADJP 13.5 %) senior subordinated debt) (ADJP due (NP-TMP 1996)))))))) and (VP extended (NP the offer) (PP-DIR to (NP Oct. 27)) (PP-DIR from (NP Oct. 12)))) .)) (TOP (S (NP-SBJ The (NAC-LOC Hackensack , N.J. ,) company) (VP said (SBAR 0 (S (NP-SBJ holders) (VP would (VP receive (PP for (NP each (ADJP $ 1,000 *U*) face amount)) , (NP (NP (NP (ADJP $ 750 *U*) face amount) (PP of (NP (NP a new issue) (PP of (NP (NP secured senior subordinated notes) , (ADJP convertible (PP into (NP common stock)) (PP at (NP (NP an initial rate) (PP of (NP (NP $ 6.50 *U*) (NP-ADV a share))))))))))) , and (NP 50 common shares))))))) .)) (TOP (S (NP-SBJ The new notes) (VP will (VP bear (NP interest) (PP-CLR (PP at (NP (NP 5.5 %) (PP-TMP through (NP (NP July 31) , (NP 1991))))) , and (ADVP-TMP thereafter) (PP at (NP 10 %))))) .)) (TOP (S (PP-LOC Under (NP the original proposal)) , (NP-SBJ (NP (NP the maker) (PP of (NP specialty coatings))) and (NP (NP a developer) (PP of (NP information-display technologies)))) (VP offered (NP (NP (NP $ 400 *U*) (PP of (NP (NP notes) (ADJP due (NP-TMP 1996))))) , (NP 10 common shares) and (NP (NP $ 175 *U*) (PP in (NP cash)) (PP for (NP each (ADJP $ 1,000 *U*) face amount))))) .)) (TOP (S (NP-SBJ (NP Completion) (PP of (NP the exchange offer))) (VP is (ADJP-PRD subject (PP to (NP (NP the tender) (PP of (NP (NP (QP at least 80) %) (PP of (NP the debt)))) (PRN , (PP among (NP other things))))))) .)) (TOP (S (NP-SBJ (NP Alpine) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP does n't (VP plan (S (NP-SBJ *-2) (VP to (ADVP further) (VP extend (NP the offer))))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP (NP (ADJP $ 615,000 *U*) face amount) (PP of (NP debt))) (PP-LOC under (NP the original offer)))))) .)) (TOP (S (NP-SBJ-2 (NP The stock) (PP of (NP UAL Corp.))) (VP continued (S (NP-SBJ-1 *-2) (VP to (VP be (VP pounded (NP *-1) (PP-LOC amid (NP signs (SBAR that (S (NP-SBJ British Airways) (VP may (VP balk (PP-CLR at (NP (NP any hasty reformulation) (PP of (NP (NP the aborted (ADJP (QP $ 6.79 billion) *U*) buy-out) (PP of (NP (NP United Airlines ') parent))))))))))))))))) .)) (TOP (S (NP-SBJ UAL stock) (VP plummeted (NP a (QP further $ 24.875) *U*) (PP-DIR to (NP $ 198 *U*)) (PP on (NP (NP volume) (PP of (NP (QP more than 2.8 million) shares)))) (PP-LOC in (NP New York Stock Exchange composite trading))) .)) (TOP (S (NP-SBJ The plunge) (VP followed (NP (NP a drop) (PP of (NP $ 56.875 *U*)) (NP-TMP Monday)) , (PP-LOC amid (NP indications (SBAR 0 (S (NP-SBJ-2 the takeover) (VP may (VP take (NP weeks) (S-CLR (NP-SBJ-1 *-2) (VP to (VP be (VP revived (NP *-1)))))))))))) .)) (TOP (S (NP-SBJ The stock) (VP has (VP fallen (NP-EXT (NP $ 87.25 *U*) , or (NP 31 %) ,) (PP-LOC in (NP (NP the three trading days) (SBAR-TMP since (S (NP-SBJ (NP announcement) (PP of (NP (NP the collapse) (PP of (NP the (ADJP $ 300-a-share *U*) takeover ))))) (VP jolted (NP the entire stock market) (PP-CLR into (NP (NP its second-worst plunge) (ADVP-TMP ever)))))))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ This) (VP is (NP-PRD (NP a total bloodbath) '' (PP for (NP takeover-stock traders))))) , (NP-SBJ one investment banker) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-2 (NP Los Angeles financier Marvin Davis) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP put (NP United) (PP-PUT in (NP play)) (PP-MNR with (NP a (ADJP (QP $ 5.4 billion) *U*) bid)) (ADVP-TMP (NP two months) ago)))) ,) (NP-TMP last night) (VP proffered (NP both (NP (NP a ray) (PP of (NP hope))) and (NP (NP an extra element) (PP of (NP uncertainty)))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP saying (SBAR 0 (S (NP-SBJ he) (VP remains (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *) (VP acquiring (NP UAL)))))))))))) .)) (TOP (S But (NP-SBJ-1 he) (VP dropped (NP his earlier (ADJP $ 300-a-share *U*) back-up bid ) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ he) (VP must (ADVP-TMP first) (VP explore (NP bank financing)))))))) .)) (TOP (S (SBAR-ADV Even as (S (NP-SBJ-1 (NP Citicorp) and (NP Chase Manhattan Corp.)) (VP scrambled (S (NP-SBJ *-1) (VP to (VP line (PRT up) (NP (NP bank financing) (PP for (NP (NP a revised version) (PP of (NP the lapsed labor-management bid))))))))))) , (NP-SBJ (NP British Airways) , (NP (NP a (ADJP 15 %) partner) (PP-LOC in (NP the buying group))) ,) (VP indicated (SBAR 0 (S (NP-SBJ-2 it) (VP wants (S (NP-SBJ *-2) (VP to (VP start (PP-MNR from (NP scratch))))))))) .)) (TOP (S (NP-SBJ Its partners) (VP are (NP-PRD (NP (NP (NP United 's) pilots) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP were (S (NP-SBJ *-2) (VP to (VP own (NP 75 %))))))) ,) and (NP (NP UAL management) (PP at (NP 10 %))))) .)) (TOP (S (S (NP-SBJ *-2) (VP Adding (NP insult) (PP-CLR to (NP injury)))) , (NP-SBJ-2 (NP (NP United 's) 25,000-member (NP Machinists ') union ,) (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP helped (S (NP-SBJ *-3) (VP scuttle (NP (NP financing) (PP for (NP the first bid)))))))) ,) (NP-TMP yesterday) (VP asked (NP-4 (NP UAL Chairman Stephen Wolf) and (NP other UAL directors)) (S (NP-SBJ *-4) (VP to (VP resign)))) .)) (TOP (S (NP-SBJ-1 A similar demand) (VP was (VP made (NP *-1) (PP by (NP-LGS (NP a group) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP represents (NP (NP some) (PP of (NP (NP United 's) 26,000 noncontract employees)))))))))) .)) (TOP (S (NP-SBJ (NP John Peterpaul) , (NP Machinists union general vice president) ,) (VP attacked (NP Mr. Wolf) (PP-CLR as (ADJP `` greedy and irresponsible '')) (PP-CLR for (S-NOM (NP-SBJ *) (VP pursuing (NP the buy-out))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 (NP Mr. Wolf) and (NP (NP John Pope) , (NP (NP UAL 's) chief financial officer) ,)) (VP stood (S (NP-SBJ *-1) (VP to (VP pocket (NP (NP (QP $ 114.3 million) *U*) (PP for (NP stock and options))) (PP-LOC in (NP the buy-out)))))))) , (NP-SBJ-2 UAL executives) (VP planned (S (NP-SBJ *-2) (VP to (VP reinvest (NP (QP only $ 15 million) *U*) (PP-LOC-CLR in (NP the new company)))))) .)) (TOP (S (NP-SBJ (NP The blue-collar machinists) , (NP (NP longtime rivals) (PP of (NP the white-collar pilots))) ,) (VP say (SBAR 0 (S (NP-SBJ the buyout) (VP would (VP (VP load (NP the company) (PP-MNR with (NP debt))) and (VP weaken (NP its finances))))))) .)) (TOP (S (NP-SBJ-3 (NP Confusion) (PP about (NP (NP (NP the two banks ') hurried efforts) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP round (PRT up) (NP (NP financing) (PP for (NP (NP a new bid) (SBAR (WHNP-2 that) (S (NP-SBJ the UAL board) (VP has n't (ADVP even) (VP seen (NP *T*-2) (ADVP-TMP yet))))))))))))))) (VP helped (S (NP-SBJ *-3) (VP send (S (NP-SBJ UAL stock) (VP spiraling (ADVP-DIR downward)))))) .)) (TOP (S And (NP-SBJ (NP rumors) (PP of (NP (NP forced selling) (PP by (NP takeover-stock traders))))) (VP triggered (NP (NP a 25-point downdraft) (PP-LOC in (NP the Dow Jones Industrial Average))) (PP-TMP around (NP (NP 11:15 a.m. EDT) (NP-TMP yesterday)))) .)) (TOP (S (NP-SBJ (NP Yesterday 's) selling) (VP began (SBAR-TMP after (S (NP-SBJ a Japanese news agency) (VP reported (SBAR that (S (NP-SBJ-2 (NP Japanese banks) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP balked (PP-CLR at (NP the first bid))))) ,) (VP were (ADJP-PRD ready (S (NP-SBJ *-2) (VP to (VP reject (NP (NP a revised version) (PP at (NP (NP (NP (QP around $ 250) *U*) (NP-ADV a share)) , or (NP (QP $ 5.65 billion) *U*))))))))))))))) .)) (TOP (S (NP-SBJ Several reports) (SBAR-TMP as (S (NP-SBJ the day) (VP progressed))) (VP gave (NP (NP (ADJP vague or conflicting) indications) (PP about (SBAR whether (S (NP-SBJ banks) (VP would (VP sign (PRT up)))))))) .)) (TOP (S (NP-SBJ Citicorp) , (PP for (NP example)) , (VP said (ADVP only) (SBAR that (S (NP-SBJ it) (VP (VP had (NP (NP `` expressions) (PP of (NP (NP interest) (PP of (NP a transaction)))) (PP from (NP both (NP the borrowers) and (NP the banks))))) , '' but (VP did n't (VP have (NP an agreement))))))) .)) (TOP (S (ADVP-TMP Late (PP in (NP the day))) , (NP-SBJ Mr. Wolf) (VP issued (NP (NP a onepage statement) (VP calling (S (NP-SBJ (NP Mr. Peterpaul 's) blast) (ADJP-PRD `` (ADJP divisive) and (ADJP uncalled for)))))) . '')) (TOP (S But (NP-SBJ-1 he) (VP gave (NP (NP few details) (PP on (NP (NP the progress) (PP toward (NP a new bid))))) , (S-ADV (NP-SBJ *-1) (VP saying (ADVP only) , (S `` (NP-SBJ We) (VP are (VP working (PP-CLR toward (NP (NP a revised proposal) (PP for (NP majority employee ownership)))))))))) . '')) (TOP (S (ADVP-TMP Meanwhile) , (PP in (NP another sign (SBAR that (S (NP-SBJ a new bid) (VP is n't (ADJP-PRD imminent)))))) , (NP-SBJ-1 it) (VP was (VP learned (NP *-1) (SBAR (SBAR that (S (NP-SBJ-3 the UAL board) (VP held (NP a telephone meeting) (NP-TMP Monday) (S-PRP (NP-SBJ *-3) (VP to (VP hear (NP (NP an update) (PP on (NP the situation))))))))) , but (SBAR that (S (NP-SBJ-4 a formal board meeting) (VP is n't (ADJP-PRD likely (S (NP-SBJ-2 *-4) (VP to (VP be (VP convened (NP *-2) (PP-TMP until (NP early next week))))))))))))) .)) (TOP (S (PP-LOC In (NP London)) , (NP-SBJ-1 British Airways Chairman Lord King) (VP was (VP quoted (NP *-1) (PP-LOC in (NP the Times)) (PP-CLR as (S-NOM (NP-SBJ *-1) (VP declaring (SBAR 0 (S (NP-SBJ-2 he) (VP is `` not (ADJP-PRD prepared (S (NP-SBJ *-2) (VP to (VP take (NP my shareholders) (PP-DIR into (NP a hasty deal)))))))))))))) . '')) (TOP (S (NP-SBJ Observers) (VP said (SBAR 0 (S (NP-SBJ it) (VP appeared (SBAR that (S (NP-SBJ-1 British Air) (VP was (VP angered (NP *-1) (PP (PP-CLR at (NP (NP the way) (SBAR (WHADVP-3 0) (S (NP-SBJ the bid) (VP has (VP degenerated (PP-CLR into (NP confusion)) (ADVP-MNR *T*-3))))))) , (CONJP as well as) (PP by (NP-LGS (NP (NP the banks ') effort) (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP to (VP round (PRT up) (NP (NP financing) (PP for (SBAR-NOM (WHNP-5 what) (S (NP-SBJ one) (VP called (S (NP-SBJ *T*-5) (NP-PRD `` (NP a deal) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP is n't (NP-PRD a deal)))))))))))))))))))))))))) . '')) (TOP (S (NP-SBJ-1 (NP The effort) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP revive (NP the bid)))))) (VP was (VP complicated (NP *-1) (PP by (NP-LGS (NP the unwieldy nature) (PP of (NP the three-party buying group)))))) .)) (TOP (S (NP-SBJ The pilots) (VP were (VP meeting (PP-LOC outside (NP Chicago)) (NP-TMP yesterday))) .)) (TOP (S But (NP-SBJ (NP British Air) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP was (S (NP-SBJ *-2) (VP to (VP have (VP supplied (NP (NP (QP $ 750 million out of $ 965 million) *U*) (PP-LOC in (NP equity financing)))))))))) ,) (VP (VP (ADVP apparently) was n't (ADJP-PRD involved (PP in (NP the second proposal)))) and (VP could (ADVP well) (VP reject (NP it) (SBAR-ADV even if (S (NP-SBJ banks) (VP obtain (NP financing))))))) .)) (TOP (S (NP-SBJ (NP A group) (PP of (NP (NP United 's) noncontract employees))) (VP said (PP-LOC in (NP a statement)) , (S `` (NP-SBJ The fact (SBAR that (S (NP-SBJ-1 (NP Wolf) and (NP other officers)) (VP were (VP going (S (NP-SBJ-2 *-1) (VP to (VP line (NP their pockets) (PP-CLR with (NP (NP literally millions) (PP of (NP dollars)))) (SBAR-TMP while (S (NP-SBJ *-2) (VP instituting (NP (NP severe pay cuts) (PP on (NP (NP the nonunion employees) (PP of (NP United)))))))))))))))) (VP is (ADJP-PRD not only deplorable but inexcusable)))) . '')) (TOP (S (NP-SBJ The machinists) (ADVP also) (VP asked (PP-CLR for (NP (NP an investigation) (PP by (NP the Securities and Exchange Commission)) (PP into (NP (NP possible securities-law violations) (PP-LOC (PP in (NP (NP the original bid) (PP for (NP UAL)) (PP by (NP Mr. Davis)))) , (CONJP as well as) (PP in (NP (NP the response) (PP by (NP UAL)))))))))) .)) (TOP (S (NP-TMP Last week) , (SBAR-TMP just before (S (NP-SBJ the bank commitments) (VP were (ADJP-PRD due)))) , (NP-SBJ the union) (VP asked (S (NP-SBJ the U.S. Labor Department) (VP to (VP study (SBAR whether (S (NP-SBJ the bid) (VP violated (NP (NP legal standards) (PP of (NP fairness)) (VP governing (NP employee investment funds)))))))))) .)) (TOP (S (PP-LOC In (NP his statement)) , (NP-SBJ Mr. Wolf) (VP said , (S `` (NP-SBJ-1 We) (VP continue (S (NP-SBJ *-1) (VP to (VP believe (SBAR (SBAR 0 (S (NP-SBJ our approach) (VP is (ADJP-PRD sound)))) , and (SBAR that (S (NP-SBJ it) (VP is (ADJP-PRD (ADJP far better) (PP for (NP all employees)) (PP than (NP (NP the alternative) (PP of (S-NOM (NP-SBJ *) (VP having (S (NP-SBJ an outsider) (VP own (NP the company) (PP with (S-NOM (NP-SBJ employees) (VP paying (PP-CLR for (NP it)) (ADVP just the same)))))))))))))))))))))) . '')) (TOP (S (NP-SBJ-1 Mr. Wolf) (VP has (VP eschewed (NP (NP merger advice) (PP from (NP a major Wall Street securities firm))) , (S-ADV (NP-SBJ *-1) (VP relying (ADVP instead) (PP-CLR (ADVP only) on (NP (NP a takeover lawyer) , (NP (NP Peter Atkins) (PP of (NP Skadden Arps Slate Meagher & Flom))))))))) .)) (TOP (S (NP-SBJ (NP The huge drop) (PP in (NP UAL stock))) (VP prompted (S (NP-SBJ (NP one takeover stock trader) , (NP (NP George Kellner) , (NP (NP managing partner) (PP of (NP Kellner , DiLeo & Co.))) ,)) (VP to (VP deny (ADVP-MNR publicly) (NP rumors (SBAR that (S (NP-SBJ his firm) (VP was (VP going (PP-CLR out (PP of (NP business)))))))))))) .)) (TOP (S (NP-SBJ Mr. Kellner) (VP said (SBAR that (S (PP despite (NP (NP losses) (PP on (NP UAL stock)))) , (NP-SBJ (NP his firm 's) health) (VP is (ADJP-PRD `` excellent))))) . '')) (TOP (S (NP-SBJ (NP The stock 's) decline) (ADVP also) (VP has (VP left (S (NP-SBJ the UAL board) (PP-PRD in (NP a quandary))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 it) (VP may not (VP be (VP (ADVP-MNR legally) obligated (S (NP-SBJ *-1) (VP to (VP sell (NP the company) (SBAR-ADV if (S (NP-SBJ the buy-out group) (VP ca n't (VP revive (NP its bid))))))))))))) , (NP-SBJ-2 it) (VP may (VP have (S (NP-SBJ *-2) (VP to (VP explore (NP alternatives) (SBAR-ADV if (S (NP-SBJ the buyers) (VP come (PRT back) (PP-CLR with (NP (NP a bid) (ADJP (ADJP much lower) (PP than (NP (NP the group 's) original (ADJP $ 300-a-share *U*) proposal ))))))))))))) .)) (TOP (S (PP-LOC At (NP (NP a meeting (S *ICH*-2)) (NP-TMP Sept. 1) (S-2 (NP-SBJ *) (VP to (VP consider (NP the labor-management bid)))))) , (NP-SBJ-1 the board) (ADVP also) (VP was (VP informed (NP *-1) (PP by (NP-LGS (NP its investment adviser) , (NP First Boston Corp.) ,)) (PP-CLR of (NP (NP interest) (VP expressed (NP *) (PP (PP by (NP-LGS (NP buy-out funds) (PP including (NP (NP Kohlberg Kravis Roberts & Co.) and (NP Forstmann Little & Co.))))) , (CONJP as well as) (PP by (NP-LGS (NP Robert Bass) , (NP (NP Morgan Stanley 's) buy-out fund) , and (NP Pan Am Corp))))))))) .)) (TOP (S (NP-SBJ The takeover-stock traders) (VP were (VP hoping (SBAR (SBAR that (S (NP-SBJ (NP Mr. Davis) or (NP (NP one) (PP of (NP the other interested parties)))) (VP might (VP re-emerge (PP-MNR with (NP (NP the situation) (PP in (NP disarray)))))))) , or (SBAR that (S (NP-SBJ the board) (VP might (VP consider (NP a recapitalization)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ Japanese bankers) (VP said (SBAR 0 (S (NP-SBJ they) (VP were (ADVP still) (ADJP-PRD hesitant (PP about (S-NOM (NP-SBJ *) (VP accepting (NP (NP Citicorp 's) latest proposal))))))))) .)) (TOP (S (NP-SBJ Macmillan Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP plans (NP (NP a public offering) (PP of (NP (NP (QP 8.4 million) shares) (PP of (NP its Berlitz International Inc. unit)))) (PP at (NP (NP (QP $ 19 to $ 21) *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ-1 (NP The offering) (PP for (NP the language school unit))) (VP was (VP announced (NP *-1) (PP by (NP-LGS (NP Robert Maxwell) , (NP (NP (NP chairman) and (NP chief executive officer)) (PP of (NP (NP London-based Maxwell Communication Corp.) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP owns (NP Macmillan))))))))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ-1 the offering) (VP is (VP completed (NP *-1))))) , (NP-SBJ Macmillan) (VP will (VP own (NP (NP (QP about 56) %) (PP of (NP (NP the Berlitz common stock) (ADJP outstanding)))))) .)) (TOP (S (S (NP-SBJ-1 (QP Five million) shares) (VP will (VP be (VP offered (NP *-1) (PP-LOC in (NP the U.S.)))))) , and (S (NP-SBJ-2 (QP 3.4 million) additional shares) (VP will (VP be (VP offered (NP *-2) (PP-MNR in (NP concurrent international offerings)) (PP-LOC outside (NP the U.S)))))) .)) (TOP (S (NP-SBJ Goldman , Sachs & Co.) (VP will (VP manage (NP the offering))) .)) (TOP (S (NP-SBJ Macmillan) (VP said (SBAR 0 (S (NP-SBJ-1 Berlitz) (VP intends (S (NP-SBJ *-1) (VP to (VP pay (NP (NP quarterly dividends) (PP on (NP the stock)))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP pay (NP (NP the first dividend) , (PP of (NP (NP 12.5 cents) (NP-SBJ a share))) ,) (PP-TMP in (NP the 1990 first quarter))))))))) .)) (TOP (S (NP-SBJ Berlitz) (VP will (VP borrow (NP (NP (NP an amount) (ADJP equal (PP to (NP (NP its expected net proceeds) (PP from (NP the offerings)))))) , plus (NP (QP $ 50 million) *U*) ,) (PP in (NP (NP connection) (PP with (NP (NP a credit agreement) (PP with (NP lenders)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The total borrowing) (VP will (VP be (NP-PRD (QP about $ 208 million) *U*)))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP Proceeds) (PP from (NP (NP the borrowings) (PP under (NP the credit agreement))))) (VP will (VP be (VP used (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP (VP to (VP pay (NP an (ADJP (QP $ 80 million) *U*) cash dividend) (PP-DTV to (NP Macmillan)))) and (VP to (VP lend (NP (NP the remainder) (PP of (NP (QP about $ 128 million) *U*))) (PP-DTV to (NP Maxwell Communications)) (PP in (NP (NP connection) (PP with (NP a promissory note))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Proceeds) (PP from (NP the offering))) (VP will (VP be (VP used (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP repay (NP borrowings) (PP-LOC under (NP (NP the short-term parts) (PP of (NP a credit agreement)))))))))) .)) (TOP (S (NP-SBJ (NP Berlitz) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP based (NP *-1) (PP-LOC in (NP (NP Princeton) , (NP N.J.))))))) ,) (VP provides (NP (NP language instruction) and (NP translation services)) (PP-MNR through (NP (NP (QP more than 260) language centers) (PP-LOC in (NP 25 countries))))) .)) (TOP (S (PP-TMP In (NP the past five years)) , (NP-SBJ (NP (QP more than 68) %) (PP of (NP its sales))) (VP have (VP been (PP-LOC-PRD outside (NP the U.S)))) .)) (TOP (S (NP-SBJ Macmillan) (VP has (VP owned (NP Berlitz) (PP-TMP since (NP 1966)))) .)) (TOP (S (PP-TMP In (NP (NP the first six months) (PP of (NP this year)))) , (NP-SBJ Berlitz) (VP posted (NP (NP net income) (PP of (NP (QP $ 7.6 million) *U*)) (PP on (NP (NP sales) (PP of (NP (QP $ 106.2 million) *U*))))) , (PP compared (PP with (NP (NP net income) (PP of (NP (QP $ 8.2 million) *U*)) (PP on (NP (NP sales) (PP of (NP (QP $ 90.6 million) *U*)))))))) .)) (TOP (S (ADVP-TMP Right away) (NP-SBJ you) (VP notice (NP (NP the following things) (PP about (NP a Philip Glass concert)))) .)) (TOP (S (NP-SBJ It) (VP attracts (NP (NP people) (PP (PP with (NP funny hair)) (PRN -LRB- or (PP with (NP no hair)) (PRN -- (S (PP-LOC in (NP (NP front) (PP of (NP me)))) (NP-SBJ (NP a girl) (PP with (NP spiked locks))) (VP sat (PP-LOC beside (NP (NP a boy) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP shaved (NP his)))))))))) -RRB-)))) .)) (TOP (S (SBAR-NOM-SBJ-3 (WHNP-1 Whoever) (S (NP-SBJ *T*-1) (VP constitute (NP the local Left Bank)))) (VP come (PRT out) (PP-MNR in (NP force)) , (S-ADV (NP-SBJ *-3) (VP dressed (PP-MNR in (ADJP black)))) , (PP along (PP with (NP (NP a smattering) (PP of (NP (NP yuppies) (SBAR (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (VP want (S (NP-SBJ *-4) (VP to (VP be (PP-LOC-PRD on (NP the cutting edge)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP People) (PP-LOC in (NP Glass houses))) (VP tend (S (NP-SBJ *-1) (VP to (VP look (ADJP-PRD stoned))))) .)) (TOP (S (S And , (SBAR-ADV if (ADJP still conscious (PP-TMP at (NP (NP the evening 's) end)))) , (NP-SBJ you) (VP notice (NP something else))) : (S (NP-SBJ (NP The audience) , (ADJP (PP-TMP at (ADJP first)) entranced and hypnotized (PP by (NP the music))) ,) (VP releases (NP its pent-up feelings) (PP in (NP collective gratitude)))) .)) (TOP (S (PP-TMP (ADVP-TMP Currently) in (NP (NP the middle) (PP of (NP (NP a four-week , 20-city tour) (PP as (NP a solo pianist)))))) , (NP-SBJ-1 Mr. Glass) (VP has (VP left (ADVP-LOC-CLR behind) (NP his synthesizers , equipment and collaborators) (PP in (NP (NP favor) (PP of (S-NOM (NP-SBJ *-1) (VP going (NP it) (ADVP-MNR alone)))))))) .)) (TOP (S (NP-SBJ He) (VP (VP sits (PRT down) (PP-LOC at (NP the piano))) and (VP plays)) .)) (TOP (S And (NP-SBJ *) (VP plays) .)) (TOP (S Either (S (NP-SBJ one) (VP likes (NP it))) or (S (NP-SBJ one) (VP does n't (VP *?*))) .)) (TOP (S (NP-SBJ (NP The typical Glass audience) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP is (ADJP-PRD (ADJP more likely (S (NP-SBJ-1 *-3) (VP to (VP be (VP composed (NP *-1) (PP-CLR of (NP music students))))))) (PP than (NP their teachers)))))) ,) (ADVP certainly) (VP does (VP *?*)) .)) (TOP (S (NP-SBJ The work) , (ADVP though) , (VP sounds (PP-CLR like (NP (NP Muzak) (PP for (NP spaceships))))) .)) (TOP (S (S (NP-SBJ-2 Philip Glass) (VP is (NP-PRD-3 (NP the emperor) (PP *RNR*-1)))) , and (S (NP-SBJ=2 his music) (NP-PRD=3 (NP the new clothes) (PP *RNR*-1))) , (PP-1 of (NP the avant-garde)) .)) (TOP (S (NP-SBJ His success) (VP is (ADJP-PRD easy (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP understand (NP *T*-1))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP (ADVP-MNR Softly) introducing and explaining (NP his pieces))) , (NP-SBJ-1 Mr. Glass) (VP looks and sounds (PP-CLR (PP more like (NP (NP a shaggy poet) (VP describing (NP his work)))) (PP than (NP (NP a classical pianist) (VP playing (NP a recital)))))) .)) (TOP (S (NP-SBJ (NP The piano compositions) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP have (VP been (VP labeled (NP *-1) (ADVP-MNR variously) (PP-CLR as (ADJP minimalist , Oriental , repetitive , cyclical , monophonic and hypnotic))))))) ,) (VP are (ADJP-PRD (ADJP (ADJP relentlessly tonal) (PRN -LRB- (ADVP therefore) (ADJP unthreatening) -RRB-)) , (ADJP (ADJP unvaryingly rhythmic) (PRN -LRB- (ADVP therefore) (ADJP soporific) -RRB-)) , and (ADJP (ADJP (ADJP unflaggingly harmonious) but (ADJP unmelodic)) (PRN -LRB- (ADVP therefore) (ADJP both pretty and unconventional) -RRB-)))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP music) (PP for (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP (VP want (S (NP-SBJ *-2) (VP to (VP hear (NP (NP something) (ADJP different)))))) but (VP do n't (VP want (S (NP-SBJ *-2) (VP to (VP work (ADVP-MNR especially hard (PP at (NP the task))))))))))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP E-Z listening) (PP for (NP the now generation)))) .)) (TOP (S (NP-SBJ Mr. Glass) (VP has (VP inverted (NP (NP the famous modernist dictum) (S `` (NP-SBJ less) (VP is (NP-PRD more)))))) . '')) (TOP (S (NP-SBJ His more) (VP is (ADVP-TMP always) (NP-PRD less)) .)) (TOP (S (PP (ADVP Far) from (S-NOM (NP-SBJ *-1) (VP being (NP-PRD minimalist)))) , (NP-SBJ-1 the music) (VP (ADVP-MNR unabatingly) torments (NP us) (PP-CLR with (NP (NP apparent novelties) (VP (ADVP not so cleverly) disguised (NP *) (PP-LOC in (NP (NP the simplicities) (PP of (NP (NP 4 time) , (NP octave intervals) , and (NP ragtime) or (NP gospel chord progressions))))))))) .)) (TOP (S (S But (NP-SBJ the music) (VP has (NP its charm))) , and (S (NP-SBJ Mr. Glass) (VP has (VP constructed (NP his solo program) (PP-CLR around (NP (NP a move) (PP from (NP the simple)) (PP to (NP the (ADJP relatively complex)))))))) .)) (TOP (S (S (NP-SBJ (NP-TTL `` Opening '') (PRN -LRB- (NP-TMP 1981) -RRB-) , (PP from (NP Glassworks)) ,) (VP introduces (NP the audience) (PP-CLR to (NP the Glass technique)))) : (S (S (S-ADV (NP-SBJ *-1) (VP (ADVP-TMP Never) straying (ADVP too far) (PP-CLR from (NP (NP the piano 's) center)))) , (NP-SBJ-1 Mr. Glass) (VP works (PP-LOC-CLR in (NP (NP the two octaves) (PP-LOC on (NP (NP either side) (PP of (NP middle C)))))))) , and (S (NP-SBJ his fingers) (ADVP-TMP seldom) (VP leave (NP the keys)))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD a recognizable musical style) (ADVP-LOC here) , (FRAG but (NP not a particular performance style))) .)) (TOP (S (S (NP-SBJ The music) (VP is (ADJP-PRD not especially pianistic))) ; (S (ADVP indeed) , (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (ADJP-PRD hard) (S-2 (NP-SBJ *) (VP to (VP imagine (NP (NP a bad performance) (PP of (NP it)))))))) .)) (TOP (S (NP-SBJ (NP Nothing bravura) , (NP no arpeggios) , (NP no ticklish fingering problems)) (VP challenge (NP the performer)) .)) (TOP (S (S (NP-SBJ We) (VP hear (PRN , (S (NP-SBJ we) (VP may (VP think))) ,) (NP inner voices))) , but (S (NP-SBJ-1 (NP they) (NP all)) (VP seem (S (NP-SBJ *-1) (VP to (VP be (VP saying (NP the same thing))))))) .)) (TOP (S (PP With (NP (NP-TTL `` Planet News , '') (NP (NP music) (VP meant (S (NP-SBJ *) (VP to (VP accompany (NP (NP readings) (PP of (NP (NP Allen Ginsberg 's) (NX-TTL `` Wichita Vortex Sutra))))))))))) , '' (NP-SBJ Mr. Glass) (VP gets (VP going)) .)) (TOP (S (NP-SBJ His hands) (VP sit (ADVP-MNR farther apart) (PP-LOC on (NP the keyboard))) .)) (TOP (S (NP-SBJ Seventh chords) (VP make (S (NP-SBJ you) (VP feel (SBAR-MNR as though (S (NP-SBJ he) (VP may (VP break (PP-CLR into (NP a (PRN -LRB- (ADJP very slow) -RRB-) improvisatory riff))))))))) .)) (TOP (S (S (NP-SBJ The chords) (VP modulate)) , but (S (NP-SBJ there) (VP is (ADJP-PRD little filigree) (SBAR-ADV even though (S (NP-SBJ-1 his fingers) (VP begin (S (NP-SBJ *-1) (VP to (VP wander (PP-LOC-CLR over (NP (NP more) (PP of (NP the keys)))))))))))) .)) (TOP (S (S (NP-SBJ Contrasts) (VP (ADVP predictably) accumulate)) : (S (S (ADVP First) (NP-SBJ the music) (VP is (ADJP-PRD loud))) , (S (ADVP then) (NP-SBJ it) (VP becomes (ADJP-PRD soft))) , (S (ADVP then) (PRN -LRB- (S (NP-SBJ you) (VP realize)) -RRB-) (NP-SBJ it) (VP becomes (ADJP-PRD louder) (ADVP-TMP again)))) .)) (TOP (S (S (NP-SBJ (NP-TTL `` The Fourth Knee Play) , '' (NP (NP an interlude) (PP from (NP-TTL `` (NP Einstein) (PP-LOC on (NP the Beach))))) , '') (VP is (PP-PRD like (NP a toccata)))) but (S (NP-SBJ-1 it) (VP does n't (VP seem (S (NP-SBJ *-1) (VP to (VP move (PP-LOC much beyond (NP (NP its left-hand ground) (PP-LOC in (NP-TTL `` Three Blind Mice)))))))))) . '')) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 Mr. Glass) (VP decides (S (NP-SBJ *-1) (VP to (VP get (ADJP-PRD really fancy)))) (ADVP-TMP *T*-2)))) , (NP-SBJ he) (VP (VP crosses (NP his hands)) and (VP hits (NP a resonant bass note) (PP-MNR with (NP his right hand)))) .)) (TOP (S (NP-SBJ He) (VP does (NP this) (PP-LOC in (NP (NP (QP at least three)) (PP of (NP his solo pieces))))) .)) (TOP (S (NP-SBJ You) (VP might (VP call (S (NP-SBJ it) (NP-PRD (NP a leitmotif) or (NP a virtuoso accomplishment))))) .)) (TOP (S (PP-LOC In (NP (NP-TTL `` Mad Rush) , '' (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP came (PP-CLR from (NP a commission (S (NP-SBJ *) (VP to (VP write (NP (NP a piece) (PP of (NP indeterminate length))))))))))))) (PRN -LRB- (S (NP-SBJ Mr. Glass) (VP (ADVP-MNR charmingly , and tellingly ,) confessed (SBAR that (S `` (NP-SBJ this) (VP was (NP-PRD no problem) (PP for (NP me))) '')))) -RRB-) , (NP-SBJ an A section) (VP alternates (PP-CLR with (NP a B section)) (NP-TMP several times) (SBAR-TMP before (S (NP-SBJ the piece) (VP ends (ADJP-PRD unresolved))))) .)) (TOP (S (SINV (CONJP Not only) is (NP-SBJ the typical Glasswork) (ADJP-PRD open-ended)) , (S (NP-SBJ it) (VP is (ADVP also) (ADVP-TMP often) (ADJP-PRD multiple) (PP-LOC in (NP its context (PRN -LRB- s -RRB-))))) .)) (TOP (S (NP-TTL-SBJ `` Mad Rush '') (VP began (NP its life) (PP-MNR-CLR as (NP (NP the accompaniment) (PP to (NP (NP (NP the Dalai Lama 's) first public address) (PP-LOC in (NP the U.S.)))))) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Mr. Glass) (VP played (NP it) (PP-CLR on (NP the organ)) (PP-LOC at (NP (NP New York 's) (NP Cathedral) (PP of (NP St. John the Divine)))) (ADVP-TMP *T*-1))))) .)) (TOP (S (S (ADVP-TMP Later) (NP-SBJ-1 it) (VP was (VP performed (NP *-1) (PP-LOC on (NP Radio Bremen)) (PP-LOC in (NP Germany))))) , and (S (ADVP then) (NP-SBJ Lucinda Childs) (VP took (NP it) (PP-PRP for (NP (NP one) (PP of (NP her dance pieces)))))) .)) (TOP (S (NP-SBJ The point) (VP is (SBAR-PRD that (S (NP-SBJ-1 any piece) (VP can (VP be (VP used (NP *-1) (PP-MNR as (NP background music)) (PP-CLR for (NP virtually anything)))))))) .)) (TOP (S (NP-SBJ The evening) (VP ended (PP-MNR with (NP (NP (NP Mr. Glass 's) `` (NX-TTL Metamorphosis) , '') (NP another multiple work)))) .)) (TOP (S (S (NP-SBJ-1 Parts 1 , 2 , and 5) (VP come (PP-CLR-2 from (NP (NP the soundtrack) (PP of (NP (NP (NP Errol Morris 's) acclaimed film) , (NP-TTL `` The Thin Blue Line))))))) , '' and (S (NP-SBJ=1 the two other parts) (PP-CLR=2 from (NP (NP incidental music) (PP to (NP (NP two separate dramatizations) (PP of (NP (NP the Kafka story) (PP of (NP the same name))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 *) (VP used (NP *-1) (PP-CLR as (NP background)) (PP-LOC in (NP this way)) (ADVP-TMP *T*-2)))) , (NP-SBJ the music) (VP has (NP an appropriate eeriness) , (SBAR-TMP as (WHADVP when) (S (NP-SBJ (NP a two-note phrase) , (NP a descending minor third) ,) (VP accompanies (NP (NP the (ADJP seemingly endless) litany) (PP of (NP (NP (NP reports) , (NP interviews) and (NP (NP confessions) (PP of (NP witnesses)))) (PP-LOC in (NP the Morris film))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Served (NP *-1) (PRT up) (PP-CLR as (NP a solo)))) , (ADVP however) , (NP-SBJ-2 the music) (VP lacks (NP (NP the resonance) (VP provided (NP *) (PP by (NP-LGS (NP a context) (PP-LOC within (NP another medium))))))) .)) (TOP (S (NP-SBJ (NP Admirers) (PP of (NP Mr. Glass))) (VP may (VP agree (PP-CLR with (NP (NP the critic Richard Kostelanetz 's) sense (SBAR that (S (NP-SBJ the 1974 `` (NX (NP Music) (PP in (NP Twelve Parts))) '') (VP is (ADJP-PRD (ADJP as encyclopedic and weighty) (PP as (NP-TTL `` The Well-Tempered Clavier)))))))))) . '')) (TOP (S But (SBAR-ADV while (S (NP-SBJ *-1) (VP making (NP the obvious point (SBAR that (S (NP-SBJ both composers) (VP develop (NP variations) (PP-CLR from (NP themes))))))))) , (NP-SBJ-1 this comparison) (VP ignores (NP (NP the (ADJP intensely claustrophobic) nature) (PP of (NP (NP Mr. Glass 's) music)))) .)) (TOP (S (NP-SBJ Its (ADJP supposedly austere) minimalism) (VP overlays (NP (NP a bombast) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (S (NP-SBJ one) (VP yearn (PP-CLR for (NP (NP (NP the astringency) (PP of (NP neoclassical Stravinsky))) , (NP (NP the (ADJP genuinely radical) minimalism) (PP of (NP Berg and Webern))) , and (SBAR-NOM (WHNP-2 what) (S (PP in (NP retrospect)) (ADVP even) (NP-SBJ *T*-2) (VP seems (PP-CLR like (NP concision)) (PP-LOC in (NP Mahler)))))))))))))) .)) (TOP (S (NP-SBJ Mr. Spiegelman) (VP is (NP-PRD (NP (NP professor) (PP of (NP English)) (PP-LOC at (NP Southern Methodist University))) and (NP (NP editor) (PP of (NP the Southwest Review))))) .)) (TOP (S (NP-SBJ Honeywell Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP hopes (S (NP-SBJ *-1) (VP to (VP complete (ADVP-TMP shortly) (NP (NP the (QP first of two) sales) (PP of (NP (NP shares) (PP-LOC in (NP (NP its Japanese joint venture) , (NP Yamatake-Honeywell) ,)))) (PP for (NP (QP about $ 280 million) *U*)))))))))) .)) (TOP (S (NP-SBJ The company) (VP would n't (VP disclose (NP (NP the buyer) (PP of (NP the initial (ADJP 16 %) stake))))) .)) (TOP (S (S-TPC-4 (NP-SBJ-2 (NP Proceeds) (PP of (NP the sale)) , (VP expected (S (NP-SBJ-1 *) (VP to (VP be (VP completed (NP *-1) (NP-TMP next week)))))) ,) (VP would (VP be (VP used (NP-3 *-2) (S-CLR (NP-SBJ *-3) (VP to (VP repurchase (NP (NP (QP as many as 10 million) shares) (PP of (NP Honeywell stock)))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ Honeywell) (VP (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP negotiating (NP (NP the sale) (PP of (NP (NP a second stake) (PP in (NP Yamatake-Honeywell)))))))))) , but (VP indicated (SBAR 0 (S (NP-SBJ-1 it) (VP intends (S (NP-SBJ *-1) (VP to (VP hold (NP (NP (QP at least 20) %) (PP of (NP (NP the joint venture 's) stock))) (NP-MNR long term))))))))) .)) (TOP (S (NP-SBJ A (ADJP 20 %) stake) (VP would (VP allow (S (NP-SBJ Honeywell) (VP to (VP include (NP Yamatake earnings) (PP-CLR in (NP its results))))))) .)) (TOP (S (NP-SBJ Honeywell) (ADVP-TMP previously) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP intended (S (NP-SBJ *-1) (VP to (VP reduce (NP (NP its holding) (PP-LOC in (NP the Japanese concern))) (PP as (NP (NP part) (PP of (NP (NP a restructuring plan) (SBAR (WHNP-2 which) (S (ADVP also) (NP-SBJ *T*-2) (VP calls (PP-CLR for (NP (NP a reduction) (PP of (NP (NP dependence) (PP on (NP weapons sales)))))))))))))))))))) .)) (TOP (S (NP-TMP Yesterday) (NP-SBJ a spokeswoman) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP (VP was `` (ADJP-PRD pleased (PP with (NP our progress))) '' (PP in (NP that regard))) and (VP `` hopes (S (NP-SBJ *-1) (VP to (VP provide (NP additional details) (ADVP-TMP soon))))))))) . '')) (TOP (S (NP-SBJ Honeywell) (VP said (SBAR 0 (S (NP-SBJ its Defense and Marine Systems group) (VP incurred (NP (NP delays) (PP in (S-NOM (NP-SBJ *) (VP shipping (NP some undisclosed contracts) (PP-TMP during (NP the third quarter))))) , (VP resulting (PP-CLR in (NP (NP lower operating profit) (PP for (NP that business)))))))))) .)) (TOP (S (ADVP Overall) , (NP-SBJ Honeywell) (VP reported (NP (NP earnings) (PP of (NP (NP (QP $ 74.4 million) *U*) , or (NP (NP $ 1.73 *U*) (NP-ADV a share)) ,)) (PP for (NP (NP the three months) (VP ended (NP-TMP Oct. 1))))) (PP compared (PP with (NP (NP a loss) (PP of (NP (NP (QP $ 41.4 million) *U*) , or (NP (NP 98 cents) (NP-ADV a share)) ,)) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ (NP The previous period 's) results) (VP included (NP (NP (ADJP a (QP $ 108 million) *U*) pretax charge) (VP related (NP *) (PP-CLR to (NP (NP unrecoverable contract costs) and (NP (NP (ADJP a (QP $ 12.3 million) *U*) pretax gain) (PP on (NP real estate sales)))))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP the latest quarter))) (VP were (ADJP-PRD flat) , (PP-LOC at (NP (QP $ 1.72 billion) *U*))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ Honeywell) (VP reported (NP (NP earnings) (PP of (NP (NP (QP $ 212.1 million) *U*) , or (NP (NP $ 4.92 *U*) (NP-ADV a share)) ,))) (PP compared (PP with (NP (NP earnings) (PP of (NP (NP (QP $ 47.9 million) *U*) , or (NP (NP $ 1.13 *U*) (NP-ADV a share)) ,)) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ Sales) (VP declined (ADVP-MNR slightly) (PP-DIR to (NP (QP $ 5.17 billion) *U*))) .)) (TOP (S (ADVP-TMP Once again) , (NP-SBJ your editorial page) (VP misstates (NP (NP the law) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP conform (PP-CLR to (NP your (ADJP almost beatific) misperceptions)))))))) .)) (TOP (S (PP-LOC In (NP (NP an excursus) (PP of (NP (NP little relevance) (PP to (NP (NP his central point) (PP about (NP (NP private enforcement suits) (PP by (NP environmental groups)))))))))) , (NP-SBJ Michael S. Greve) (VP informs (NP your readers) , `` (S ... (S (NP-SBJ-1 the Clean Water Act) (VP is (VP written (NP *-1) (PP-MNR upon (NP the presumption (PRN -- (NP the pretense) , (ADVP rather) --) (SBAR that (S (NP-SBJ (NP nothing) but (NP zero risk)) (VP will (VP do))))))))) ; (S (NP-SBJ it) (VP establishes (NP (NP a legal standard) (PP of (NP zero discharge)))))) '' (PRN -LRB- (NP (NP-TTL `` Congress's Environmental Buccaneers , '') (NP-TMP Sept. 18)) -RRB-)) .)) (TOP (S (S (NP-SBJ This statement) (ADVP surely) (VP buttresses (NP your editorial viewpoint (SBAR that (S (NP-SBJ environmental protection) (VP is (ADJP-PRD generally silly or excessive))))))) , but (S (NP-SBJ it) (VP is (ADJP-PRD simply wrong))) .)) (TOP (S (NP-SBJ The Clean Water Act) (VP contains (NP (NP no `` legal standard '') (PP of (NP zero discharge)))) .)) (TOP (S (NP-SBJ It) (VP requires (SBAR that (S (NP-SBJ-1 `` (NP discharges) (PP of (NP pollutants)) '' (PP into (NP (NP the `` waters) (PP of (NP the United States)) ''))) (VP be (VP authorized (NP *-1) (PP by (NP-LGS (NP permits) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP reflect (NP (NP the effluent limitations) (VP developed (NP *) (PP-LOC under (NP section 301)))))))))))))) .)) (TOP (S (SBAR-ADV (WHNP-1 Whatever) (S (NP-SBJ *T*-1) (VP may (VP be (NP-PRD (NP the problems) (PP with (NP this system))))))) , (NP-SBJ it) (VP (ADVP scarcely) reflects (NP (NP `` zero risk '') or (NP `` zero discharge))) . '')) (TOP (S (ADVP Perhaps) (NP-SBJ-1 Mr. Greve) (VP was (VP confused (NP *-1) (PP by (NP-LGS (NP (NP Congress 's) meaningless statement) (PP of (NP `` the national goal '')) (PP-LOC in (NP (NP section 101) , (SBAR (WHNP-2 which) (ADVP indeed) (S (NP-SBJ *T*-2) (VP calls (PP-CLR for (NP (NP the elimination) (PP of (NP discharges)))) (PRN -- (PP-TMP by (NP 1985)) , (NP-ADV no less))))))))))) .)) (TOP (S (NP-SBJ-1 This fatuous statement) (VP (VP was not (VP taken (NP *-1) (ADVP-MNR seriously) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-2 *) (VP enacted (NP *-2) (PP-TMP in (NP 1972)) (ADVP-TMP *T*-3)))))) , and (VP should not (ADVP-TMP now) (VP be (VP confused (NP *-1) (PP-CLR with (NP (NP the operative provisions) (PP of (NP the statute)))))))) .)) (TOP (S (S (ADVP Thus) , (NP-SBJ you) (VP do (NP the public) (NP a great disservice) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ Mr. Greve) (VP suggests , (ADVP-MNR even facetiously) , (SBAR that (S (NP-SBJ the Clean Water Act) (VP prohibits (NP (NP the preparation) (PP of (NP a scotch and water)))))) (ADVP-TMP *T*-1)))))) ; (S (NP-SBJ-2 your tippling readers) (VP may (VP be (VP led (S (NP-SBJ *-2) (VP to (VP believe (SBAR that (S (NP-SBJ (NP nothing) but (NP chance or oversight)) (VP protects (NP them) , (SBAR-ADV as (S (NP-SBJ they) (VP cower (PP-TMP in (NP the night)) (PP-MNR with (NP their scotch and waters))))) , (PP-CLR from (NP (NP the hairyknuckled knock) (PP of (NP the Sierra Club)) (PP-LOC at (NP their doors)))))))))))))) .)) (TOP (NP Robert J. McManus)) (TOP (S (NP-SBJ (NP National Geographic) , (NP the sixth-largest U.S. magazine) ,) (VP (VP is (VP attracting (NP (NP more readers) (PP than (ADVP-TMP ever))))) and (VP offers (NP (NP the glossy , high-toned pages) (SBAR (WHNP-1 that) (S (NP-SBJ upscale advertisers) (VP love (NP *T*-1))))))) .)) (TOP (SBARQ So (WHADVP-3 why) (SQ (SQ did (NP-SBJ-1 advertising pages) (VP plunge (PP-EXT-2 by (NP (QP almost 10) %)))) and (SQ (NP-SBJ=1 ad revenue) (PP-EXT=2 by (NP 7.2 %))) (PP-TMP in (NP the first half)) (ADVP-PRP *T*-3)) ?)) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP hear (S (NP-SBJ advertisers) (VP tell (NP it)))))) , (NP-SBJ the magazine) (ADVP just) (VP has n't (VP kept (PRT up) (PP-CLR with (NP the times)))) .)) (TOP (S (PP Despite (NP (NP renewed interest) (PP by (NP the public)) (PP in (NP (NP such topics) (PP as (NP (NP the environment) and (NP the Third World))))))) , (NP-SBJ-1 it) (VP has n't (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP shake (NP its reputation) (PP-CLR as (NP (NP a magazine) (SBAR (WHNP-3 0) (S (NP-SBJ-2 boys) (VP like (S (NP-SBJ *-2) (VP to (VP flip (PP through (NP *T*-3)) (PP-PRP in (NP (NP search) (PP of (NP topless tribe women)))))))))))))))))) .)) (TOP (S (ADVP Worse) , (NP-SBJ it) (VP lagged (PP-LOC-CLR behind (NP competitors)) (PP in (S-NOM (NP-SBJ *) (VP offering (NP (NP now-standard gimmicks) , (PP (PP from (NP regional editions)) (PP to (NP (NP discounts) (PP for (NP frequent advertisers)))))))))) .)) (TOP (S But (ADVP-TMP now) , (NP-SBJ-1 the magazine) (VP is (VP attempting (S (NP-SBJ *-1) (VP to (VP fight (PRT back) , (PP-MNR with (NP (NP an ambitious plan) (PP including (NP (NP a revamped sales strategy) and (NP a (ADJP surprisingly aggressive) ad campaign)))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ Advertisers) (VP do n't (VP think (PP-CLR of (NP the magazine)) (ADVP-TMP first)))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Joan McCraw) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP joined (PP-TMP in (NP April)) (PP-CLR as (NP national advertising director)))))) .)) (TOP (S `` (SBAR-NOM-SBJ (WHNP-2 What) (S (NP-SBJ-1 we) (VP want (S (NP-SBJ *-1) (VP to (VP do (NP *T*-2))))))) (VP is (S-PRD (NP-SBJ *) (VP take (NP a (ADJP more aggressive) stance)))) .)) (TOP (S (NP-SBJ People) (VP did n't (VP believe (SBAR 0 (S (S (NP-SBJ we) (VP were (PP-PRD in (NP (NP tune) (PP with (NP the marketplace)))))) , and (S (PP in (NP many ways)) (NP-SBJ we) (VP were n't (PP-PRD *?*))))))) . '')) (TOP (S (NP-SBJ-1 The 101-year-old magazine) (VP has (ADVP-TMP never) (VP had (S (NP-SBJ *-1) (VP to (VP woo (NP advertisers) (PP-MNR with (NP quite so much fervor)) (ADVP-TMP before)))))) .)) (TOP (S (NP-SBJ It) (VP (ADVP largely) rested (PP-CLR on (NP (NP its hard-to-fault demographics) : (NP (NP (NP (QP 10.8 million) subscribers) (PP-TMP in (NP the first half)) , (ADVP up (PP from (NP (QP 10.5 million)) (ADVP-TMP (NP a year) ago)))) ; (NP (NP an average age) (PP of (NP 42)) (PP for (NP readers)) -- (PP-TMP at (NP (NP the height) (PP of (NP their consuming years))))) ; (NP (NP loyalty) (PP to (NP (NP the tune) (PP of (NP an (ADJP 85 %) average subscription renewal rate))))))))) .)) (TOP (S (NP-SBJ The magazine) (VP had (NP (NP its best year) (ADVP-TMP yet)) (PP-TMP in (NP (NP 1988) , (SBAR (WHADVP-1 when) (S (NP-SBJ it) (VP (VP celebrated (NP its centennial) (ADVP-TMP *T*-1)) and (VP racked (PRT up) (NP (NP a (ADJP 17 %) gain) (PP in (NP ad pages)) , (PP to (NP 283))) (ADVP-TMP *T*-1)))))))) .)) (TOP (SINV But (NP-TMP this year) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP the hullabaloo) (VP surrounding (NP its centennial))) (VP died (ADVP-TMP *T*-1)))) , (ADVP-PRD-TPC-2 so too) (VP did (ADVP-PRD *T*-2)) (NP-SBJ some advertiser interest) .)) (TOP (S-2 (NP-SBJ The reason) (PRN , (S (NP-SBJ ad executives) (VP say (SBAR 0 (S *T*-2)))) ,) (VP is (SBAR-PRD that (S (S (NP-SBJ the entire magazine business) (VP has (VP been (ADJP-PRD soft)))) -- and (S (NP-SBJ National Geographic) (VP has (NP (NP some quirks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP make (S (NP-SBJ it) (ADJP-PRD especially unattractive)) (PP-TMP during (NP a soft market))))))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ (NP the biggest) (PP of (NP those factors))) (VP is (NP-PRD (NP its high ad prices) (NP -- (NP (NP $ 130,000 *U*) (PP for (NP a four-color page))) , vs. (NP (NP $ 47,000 *U*) (PP for (NP (NP the Smithsonian) , (NP (NP a comparable publication) (PP with (NP a (ADJP far smaller) circulation))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ ad dollars) (VP are (ADJP-PRD tight) (ADVP-TMP *T*-1)))) , (NP-SBJ the high page cost) (VP is (NP-PRD (NP a major deterrent) (PP for (NP (NP advertisers) , (SBAR (WHNP-2 who) (S (ADVP generally) (NP-SBJ-3 *T*-2) (VP want (S (NP-SBJ *-3) (VP to (VP appear (ADVP (ADVP regularly (PP-LOC in (NP a publication))) or (ADVP not at all)))))))))))) .)) (TOP (SINV (S-TPC-1 (SBAR-ADV Even though (S (NP-SBJ National Geographic) (VP offers (NP (NP (ADJP far more) readers) (SBAR than (SINV does (NP-SBJ (NP a magazine) (PP like (NP Smithsonian))) (VP *?*))))))) , `` (NP-SBJ the page) (VP costs (NP-2 you) (NP (NP an arm) and (NP a leg)) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP develop (NP any frequency)))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Harry Glass) , (NP (NP New York media manager) (PP for (NP Bozell Inc)))) .)) (TOP (S (S (S-PRP (NP-SBJ *-1) (VP To (VP combat (NP that problem)))) , (NP-SBJ-1 National Geographic) , (PP like (NP other magazines)) , (VP began (S (NP-SBJ *-1) (VP offering (NP (NP regional editions) (VP allowing (S (NP-SBJ advertisers) (VP to (VP appear (PP-LOC in (NP (NP only a portion) (PP of (NP its magazines))))))))))))) -- (S (PP for (NP example)) , (NP-SBJ ads) (VP can (VP run (PP-LOC only in (NP (NP the magazines) (VP sent (NP *) (PP-DTV to (NP (NP subscribers) (PP-LOC in (NP the largest 25 markets)))))))))) .)) (TOP (S But (NP-SBJ the magazine) (VP (VP was (ADJP-PRD (ADJP slower (S *ICH*-1)) (PP than (NP its competitors)) (S-1 (NP-SBJ *) (VP to (VP come (PRT up) (PP-CLR with (NP its regional editions))))))) , and (VP (PP-TMP until (NP last year)) offered (NP (NP fewer) (PP of (NP them)) (SBAR than (SINV did (NP-SBJ competitors) (VP *?*)))))) .)) (TOP (S (NP-SBJ Time magazine) , (PP for (NP example)) , (VP has (NP (NP (QP more than 100) separate editions) (VP going (PP-DIR to (NP (NP different regions) , (NP top management) , and (NP other groups)))))) .)) (TOP (S (NP-SBJ (NP Another sticking point) (PP for (NP advertisers))) (VP was (NP-PRD (NP (NP National Geographic 's) tradition) (PP of (S-NOM (NP-SBJ *) (VP (VP lumping (NP its ads) (ADVP-LOC together) , (PP-LOC usually at (NP (NP the beginning or end) (PP of (NP the magazine))))) , (CONJP rather than) (VP spreading (NP ads) (PRT out) (PP-LOC among (NP its articles)) , (SBAR as (S (NP-SBJ most magazines) (VP do (VP *?*)))))))))) .)) (TOP (S And (NP-SBJ (NP National Geographic 's) smaller-than-average size) (VP means (NP (NP extra production costs) (PP for (NP advertisers)))) .)) (TOP (S But (NP-SBJ Ms. McCraw) (VP says (SBAR 0 (S (NP-SBJ the magazine) (VP is (VP fighting (PRT back)))))) .)) (TOP (S (S (NP-SBJ It) (ADVP-TMP now) (VP offers (NP 30 regional editions))) , (S (NP-SBJ-1 it) (ADVP-TMP very recently) (VP began (S (NP-SBJ *-1) (VP running (NP ads) (ADVP-LOC adjacent (PP to (NP articles))))))) , and (S (NP-SBJ it) (VP has (VP been (VP beefing (PRT up) (NP its sales force))))) .)) (TOP (S And (NP-SBJ it) (ADVP just) (VP launched (NP (NP a promotional campaign) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP tell (NP (NP chief executives) , (NP marketing directors) , and (NP media executives)) (NP just that))))))) .)) (TOP (S (NP-SBJ (NP The centerpiece) (PP of (NP the promotion))) (VP is (NP-PRD (NP its new ad campaign) , (SBAR (WHPP-1 into (WHNP which)) (S (NP-SBJ the magazine) (VP will (VP pour (NP (QP about $ 500,000) *U*) , (PP-TMP mostly in (NP the next few weeks)) (PP-CLR *T*-1))))))) .)) (TOP (S (NP-SBJ (NP The campaign) , (VP created (NP *) (PP by (NP-LGS (NP Omnicom Group 's) DDB Needham agency))) ,) (VP takes (NP-CLR advantage) (PP-CLR of (NP (NP the eye-catching photography) (SBAR (WHNP-2 that) (S (NP-SBJ-1 National Geographic) (VP is (VP known (NP *-1) (PP-CLR for (NP *T*-2))))))))) .)) (TOP (S (PP-LOC In (NP one ad)) , (NP-SBJ-1 (NP a photo) (PP of (NP (NP the interior) (PP of (NP (NP the Sainte-Chapelle) (PP-LOC in (NP Paris))))))) (VP is (VP paired (NP *-1) (PP-CLR with (NP (NP the headline) , (S `` (NP-SBJ (NP The only book) (ADJP (ADJP more respected) (PP than (NP ours)))) (VP does n't (VP accept (NP advertising)))))))) . '')) (TOP (S (NP-SBJ Another ad) (VP pictures (NP (NP a tree ant) , (VP magnified (NP *) (NP-ADV 80 times)) ,) (PP with (NP (NP the headline) , (S `` (PP For (NP (NP impact) (PP far beyond (NP your size)))) (NP-SBJ *) (VP consider (NP our regional editions)))))) . '')) (TOP (S (NP-SBJ Ms. McCraw) (VP says (SBAR 0 (S (NP-SBJ she) (VP wants (S (NP-SBJ-1 the campaign) (VP to (VP help (S (NP-SBJ *-1) (VP attract (NP (NP advertisers) (PP in (NP (NP 10 categories) , (PP including (NP (NP corporate , financial services) , (NP consumer electronics) , (NP insurance) and (NP food))))))))))))))) .)) (TOP (NP (NP Her goal) : (S (NP-SBJ *) (VP to (VP top (NP 300 ad pages) (PP-TMP in (NP 1990)) , (ADVP up (PP from (NP (QP about 274)) (NP-TMP this year)))))) .)) (TOP (S (SBAR-SBJ Whether (S (NP-SBJ she) (VP can (VP meet (NP that ambitious goal))))) (VP is (ADVP still) (PP-PRD far from (ADJP certain))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 The ad campaign) (VP is (VP meant (S (NP-SBJ *-1) (VP to (VP contemporize (NP (NP the thought) (PP of (NP National Geographic))))))))) , '' (NP-SBJ she) (VP says (S *T*-2)) .)) (TOP (S `` (NP-SBJ We) (VP want (S (NP-SBJ it) (VP to (VP be (NP-PRD (NP a '90s kind) (PP of (NP image))))))) . '')) (TOP (S-HLN (NP-SBJ WCRS) (VP Plans (NP Ad-Unit Sale)))) (TOP (S (S-TPC-2 (NP-SBJ-1 WCRS Group) (VP hopes (S (NP-SBJ *-1) (VP to (VP announce , (NP-TMP perhaps today) , (NP an agreement (S (NP-SBJ *) (VP to (VP sell (NP (NP the majority) (PP of (NP its ad unit))) (PP-DTV to (NP Paris-based Eurocom))))))))))) , (NP-SBJ a European ad executive) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ WCRS) (VP has (VP been (PP-PRD in (NP (NP discussions) (PP with (NP Eurocom)))) (PP-TMP for (NP several months)))) .)) (TOP (S (ADVP However) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ negotiations) (VP bogged (PRT down) (ADVP-TMP recently) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP (NP WCRS 's) chief executive) , (NP Peter Scott) ,) (VP met (PP-LOC in (NP Paris)) (PP-CLR with (NP (NP another French firm) , (NP (NP Boulet Dru Dupuy Petit) , or (NP BDDP))))) .)) (TOP (S (PP According (PP to (NP the executive))) , (S (NP-SBJ (NP BDDP 's) involvement) (VP prompted (NP (NP renewed vigor) (PP-LOC in (NP the WCRS-Eurocom talks))))) and (S (NP-SBJ-1 the two agencies) (VP were (VP hoping (S (NP-SBJ *-1) (VP to (VP hammer (PRT out) (NP details) (PP-TMP by (NP today)))))))) .)) (TOP (S (NP-SBJ-1 (NP Executives) (PP of (NP the two agencies))) (VP could n't (VP be (VP reached (NP *-1) (NP-TMP last night)))) .)) (TOP (NP-HLN Ad Notes ... .)) (TOP (FRAG (NP NEW ACCOUNT) : (S (NP-SBJ (NP Procter & Gamble Co.) , (NP-LOC Cincinnati) ,) (VP awarded (NP (NP the ad accounts) (PP for (NP (NP its line) (PP of (NP Professional Crisco vegetable shortening and oil products))))) (PP-DTV to (NP (NP Northlich , Stolley , LaWarre) , (NP-LOC Cincinnati))))) .)) (TOP (S (NP-SBJ-1 Billings) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ-1 Professional Crisco products) (VP are (VP (ADVP specially) made (NP *-1) (PP for (NP the foodservice industry)))) .)) (TOP (S (SBAR (WHNP-2 WHO) (S (NP-SBJ *T*-2) (VP 'S (NP-PRD NEWS)))) : (S (NP-SBJ-1 (NP Stephen Novick) , (NP 49) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP executive vice president) , (NP deputy creative director) (PP-LOC at (NP (NP Grey Advertising) , (NP New York)))))))) .)) (TOP (S (NP-SBJ He) (VP was (NP-PRD (NP executive vice president) , (NP (NP director) (PP of (NP broadcast production))))) .)) (TOP (S (NP-SBJ-1 The Commodity Futures Trading Commission) (VP plans (S (NP-SBJ *-1) (VP to (VP (VP restrict (NP (NP dual trading) (PP on (NP commodity exchanges)))) , (NP (NP a move) (ADJP almost certain (S (NP-SBJ *) (VP to (VP infuriate (NP (NP exchange officials) and (NP traders))))))))))) .)) (TOP (S (NP-SBJ The CFTC) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP propose (NP the restrictions) (PP-TMP after (NP (NP the release) (PP of (NP (NP a study) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP shows (NP (NP little economic benefit) (VP resulting (PP-CLR from (NP dual trading))))) and (VP cites (NP (NP `` problems '') (VP associated (NP *) (PP-CLR with (NP the practice))))))))))))))))) .)) (TOP (S (NP-SBJ Dual trading) (VP gives (NP an exchange trader) (NP (NP the right) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP trade (PP-PRP both (PP for (NP his own account)) and (PP for (NP customers))))))))) .)) (TOP (S (NP-SBJ The issue) (VP exploded (NP-TMP this year) (SBAR-TMP after (S (NP-SBJ a (NAC Federal Bureau (PP of (NP Investigation))) operation) (VP led (PP-CLR to (NP (NP charges) (PP of (NP widespread trading abuses)) (PP-LOC at (NP (NP (NP the Chicago Board) (PP of (NP Trade))) and (NP Chicago Mercantile Exchange))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 *-2) (VP not (ADVP specifically) mentioned (NP *-1) (PP-LOC in (NP the FBI charges))))) , (NP-SBJ-2 dual trading) (VP became (NP-PRD (NP a focus) (PP of (NP attempts (S (NP-SBJ *) (VP to (VP tighten (NP industry regulations)))))))) .)) (TOP (S (NP-SBJ Critics) (VP contend (SBAR that (S (NP-SBJ traders) (VP were (VP putting (NP (NP buying or selling) (PP for (NP their own accounts))) (ADVP-LOC ahead (PP of (NP (NP other traders ') customer orders)))))))) .)) (TOP (S (NP-SBJ-1 Traders) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP oppose (NP such restrictions) (SBAR-PRP because (S (NP-SBJ dual trading) (VP provides (NP (NP a way) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP make (NP money) (PP-LOC in (NP (NP slower markets) (SBAR (WHADVP-2 where) (S (NP-SBJ there) (VP is (NP-PRD (NP a shortage) (PP of (NP customer orders))) (ADVP-LOC *T*-2)))))) (ADVP-MNR *T*-3)))))))))))))) .)) (TOP (S (NP-SBJ The exchanges) (VP contend (SBAR that (S (NP-SBJ dual trading) (VP improves (NP (NP liquidity) (PP-LOC in (NP the markets))) (SBAR-PRP because (S (NP-SBJ traders) (VP can (VP buy or sell (SBAR-TMP even (WHADVP-1 when) (S (NP-SBJ they) (VP do n't (VP have (NP (NP a customer order) (PP-LOC in (NP hand))) (ADVP-TMP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ The exchanges) (VP say (SBAR 0 (S (NP-SBJ liquidity) (VP becomes (NP-PRD (NP a severe problem) (PP for (NP (NP thinly traded contracts) (PP such as (NP (NP those) (PP with (NP (NP a long time) (VP remaining (PP-TMP before (NP expiration)))))))))))))) .)) (TOP (S (NP-SBJ-1 The CFTC) (VP may (VP take (NP those arguments) (PP-CLR into (NP account)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP allowing (NP (NP exceptions) (PP to (NP its restrictions)))))))) .)) (TOP (S (S (NP-SBJ The agency) (VP did n't (VP cite (NP (NP specific situations) (SBAR (WHADVP-3 where) (S (NP-SBJ-1 dual trading) (VP might (VP be (VP allowed (NP *-1) (ADVP-LOC *T*-3)))))))))) , but (S (NP-SBJ-4 (NP (NP smaller exchanges or contracts) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP need (NP additional liquidity)))))) (VP are (VP expected (S (NP-SBJ *-4) (VP to (VP be (PP-LOC-PRD among (NP them)))))))) .)) (TOP (S (NP-SBJ (NP Wendy Gramm) , (NP (NP the agency 's) chairman) ,) (VP told (NP the Senate Agriculture Committee) (SBAR that (S (NP-SBJ she) (VP expects (S (S (NP-SBJ-1 the study) (VP to (VP be (VP released (NP *-1) (PP-TMP within (NP two weeks)))))) and (S (NP-SBJ-2 the rule changes) (VP to (VP be (VP completed (NP *-2) (PP-TMP by (NP Thanksgiving))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The study) , (PP by (NP (NP (NP the CFTC 's) division) (PP of (NP economic analysis)))) ,) (VP shows (SBAR that (S `` (NP-SBJ a trade) (VP is (NP-PRD a trade)))))) , '' (NP-SBJ (NP a member) (PP of (NP the study team))) (VP said (S *T*-1)) .)) (TOP (S-2 (SBAR-SBJ-3 Whether (S (NP-SBJ-1 a trade) (VP is (VP done (NP *-1) (PP-MNR on (NP a dual or non-dual basis)))))) (PRN , (S (NP-SBJ the member) (VP said (SBAR 0 (S *T*-2)))) ,) `` (VP does n't (VP seem (S (NP-SBJ *-3) (VP to (VP have (NP much economic impact)))))) . '')) (TOP (S (ADVP-TMP Currently) , (NP-SBJ (NP most traders) (PP-LOC on (NP commodity exchanges))) (VP specialize (PP-CLR in (NP (NP trading) (PP either (PP for (NP customer accounts)) (PRN , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (S (NP-SBJ them) (NP-PRD brokers))))) ,) or (PP for (NP their own accounts)) (PRN (PP as (NP socalled locals))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ The tests) (VP indicate (SBAR that (S (NP-SBJ dual and non-dual traders) (VP are (ADJP-PRD similar) (PP in (NP (NP terms) (PP of (NP (NP (NP the trade executions) and (NP liquidity)) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP provide (NP *T*-1) (PP-CLR to (NP the market)))))))))))))) , '' (NP-SBJ Mrs. Gramm) (VP told (NP the Senate panel) (S *T*-2)) .)) (TOP (S (NP-SBJ (NP Members) (PP of (NP Congress))) (VP have (VP proposed (S (NP-SBJ *) (VP restricting (NP dual trading))) (PP-LOC in (NP (NP bills) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP reauthorize (NP CFTC operations))))))))) .)) (TOP (S (NP-SBJ (NP The House 's) bill) (VP would (VP prohibit (NP dual trading) (PP-LOC in (NP (NP (NP markets) (PP with (NP (NP daily average volume) (PP of (NP 7,000 contracts (QP or more)))))) , (VP comprising (NP (NP those) (VP considered (S (NP-SBJ *) (ADJP-PRD too difficult (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP track (NP *T*-1) (PP-MNR without (NP a sophisticated computer system))))))))))))))) .)) (TOP (S (NP-SBJ The Senate bill) (VP would (VP force (S (NP-SBJ the CFTC) (VP to (VP suspend (NP dual trading) (SBAR-ADV if (S (NP-SBJ an exchange) (VP ca n't (VP show (SBAR that (S (NP-SBJ its oversight system) (VP can (VP detect (NP dual-trading abuses)))))))))))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ (NP one test) (PP of (S-NOM (NP-SBJ *) (VP restricting (NP dual trading))))) (VP has (VP worked (ADVP-MNR well))) .)) (TOP (S (NP-SBJ The Chicago Merc) (VP banned (NP dual trading) (PP-LOC in (NP (NP its Standard & Poor 's) 500-stock index futures pit)) (PP-TMP in (NP 1987))) .)) (TOP (S (PP-LOC Under (NP the rules)) , (NP-SBJ traders) (VP decide (SBAR-TMP before (S (NP-SBJ a session) (VP begins))) (SBAR whether (S (NP-SBJ they) (VP will (VP trade (PP-PRP (PP for (NP their own account)) or (PP for (NP customers)))))))) .)) (TOP (S (NP-SBJ (NP Traders) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP stand (PP-CLR-LOC on (NP (NP (NP the pit 's) top step) , (SBAR (WHADVP-3 where) (S (NP-SBJ-1 most customer orders) (VP are (VP executed (NP *-1) (ADVP-LOC *T*-3))))) ,)))))) (VP ca n't (VP trade (PP-PRP for (NP themselves)))) .)) (TOP (S (NP-SBJ A Merc spokesman) (VP said (SBAR 0 (S (NP-SBJ the plan) (VP has n't (VP made (NP (NP much difference) (PP in (NP liquidity))) (PP-LOC in (NP the pit))))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ It) (VP 's (ADVP-PRD too soon (S (NP-SBJ *) (VP to (VP tell)))))) ... but (S (NP-SBJ-1 people) (VP do n't (VP seem (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD unhappy (PP with (NP it)))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP would n't (VP comment (PP-CLR on (NP the CFTC plan)) (SBAR-TMP until (S (NP-SBJ the exchange) (VP has (VP seen (NP the full proposal)))))))))) .)) (TOP (S But (PP-LOC at (NP (NP a meeting) (NP-TMP last week))) , (NP-SBJ (NP Tom Donovan) , (NP (NP (NP the Board) (PP of (NP Trade)) 's) president) ,) (VP told (NP commodity lawyers) : (S `` (NP-SBJ Dual trading) (VP is (ADVP definitely) (PP-PRD worth (S-NOM (NP-SBJ *) (VP saving)))))) .)) (TOP (S (NP-SBJ It) (VP adds (NP something) (PP-CLR to (NP the market))) .)) (TOP (S-HLN (NP-SBJ Japanese Firms) (VP Push (NP Posh Car Showrooms)))) (TOP (S (NP-SBJ-1 JAPANESE luxury-car makers) (VP are (VP trying (S (NP-SBJ *-1) (VP to (VP set (NP (NP strict design standards) (PP for (NP their dealerships)))))))) .)) (TOP (S But (NP-SBJ some dealers) (VP are (VP negotiating (NP looser terms) , (SBAR-ADV while (S (NP-SBJ-1 others) (VP decline (S (NP-SBJ *-1) (VP to (VP deal (ADVP at all))))))))) .)) (TOP (S (NP-SBJ-2 (NP Nissan Motor Co. 's) Infiniti division) (VP likes (S (NP-SBJ *-2) (VP to (VP insist (SBAR that (S (NP-SBJ every dealer) (VP construct and furnish (NP a building) (PP-MNR in (NP a Japanese style))))))))) .)) (TOP (S (NP-SBJ Specifications) (VP include (NP (NP (NP a polished bronze sculpture) (PP-LOC at (NP (NP the center) (PP of (NP each showroom))))) and (NP (NP a tile bridge) (VP spanning (NP (NP a stream) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP flows (PP-DIR into (NP the building)) (PP-DIR from (NP outside)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Infiniti) (VP has (NP it) (ADVP down (PP to (NP the ashtrays))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Jay Ferron) , (NP (NP a partner) (PP-LOC at (NP (NP J.D. Power & Associates) , (NP an auto research firm))))) .)) (TOP (S (NP-SBJ (NP Toyota Motor Corp. 's) Lexus division) (ADVP also) (VP provides (NP specifications)) .)) (TOP (S But (NP-SBJ (NP (QP only two-thirds)) (PP of (NP Lexus dealers))) (VP are (VP constructing (NP new buildings) (PP according (PP to (NP the Lexus specs))))) .)) (TOP (S (NP-SBJ Some) (VP are (ADVP even) (VP coming (PRT up) (PP-CLR with (NP their own novel designs)))) .)) (TOP (S (PP-LOC In (NP (NP Louisville) , (NP Ky.) ,)) (PP for (NP example)) , (NP-SBJ David Peterson) (VP has (VP built (NP (NP a Lexus dealership) (PP with (NP (NP the showroom) (PP-LOC on (NP the second floor))))))) .)) (TOP (S Yet (NP-SBJ some dealers) (VP have (VP turned (PRT down) (NP Infiniti or Lexus franchises) (SBAR-PRP because (S (NP-SBJ-1 they) (VP were (ADJP-PRD unwilling or unable (S (NP-SBJ *-1) (VP to (VP meet (NP the design requirements)))))))))) .)) (TOP (S (NP-SBJ (NP Lee Seidman) (PP of (NP Cleveland))) (VP says (SBAR 0 (S (NP-SBJ Infiniti) (VP (VP `` was (NP-PRD a bear) (PP on (NP interiors)) '') but (VP (ADVP at least) let (S (NP-SBJ him) (VP retrofit (NP an existing building) -- (PP-MNR without (NP the stream))))))))) .)) (TOP (S (NP-SBJ Mr. Seidman) (VP says (SBAR 0 (S (NP-SBJ he) (VP turned (PRT down) (NP a Lexus franchise) (SBAR-PRP (PP in (NP part)) because (S `` (NP-SBJ the building) (VP was (ADJP-PRD (ADJP gorgeous) but (ADJP very expensive))))))))) . '')) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP head (PRT off) (NP arguments)))) , (NP-SBJ-1 Infiniti) (VP offers (NP dealers) (NP (NP cash bonuses) and (NP low-interest construction loans))) .)) (TOP (S (NP-SBJ (NP Dictation Device 's) Saga) (VP Plays (PRT Back) (NP a Lesson)))) (TOP (S (NP-SBJ-1 PRODUCTS) (VP DON'T (VP have (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD first) (S-PRP (NP-SBJ *-1) (VP to (VP be (NP-PRD winners))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP the lesson) (VP offered (NP *) (PP-MNR through (NP (NP one case study) (VP featured (NP *) (PP-LOC in (NP a design exhibit)))))))) .)) (TOP (S (NP-SBJ-1 Dictaphone Corp.) (VP was (VP caught (NP *-1) (PP-MNR off (NP guard)) (PP-TMP in (NP (NP 1974) (SBAR (WHADVP when) (S (NP-SBJ (NP its main competitor) , (NP (NP Lanier Office Products) (PP of (NP Japan))) ,) (VP introduced (NP (NP a microcassette dictation recorder) (NP (NP half the size) (PP of (NP standard cassette devices))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Blocked (NP *-2) (PP by (NP-LGS patent protection)) (PP-CLR from (S-NOM (NP-SBJ *) (VP following (ADVP-CLR suit)))))) , (NP-SBJ-1 Dictaphone) (VP decided (S (NP-SBJ *-1) (VP to (VP (VP go (NP (NP a step) (ADVP further))) and (VP cut (NP the cassette) (UCP-CLR (PP in (NP half)) (ADVP *ICH*-3)) (ADVP-TMP again) -- (ADVP-3 down (PP to (NP (NP the length) (PP of (NP a paperclip)))))))))) .)) (TOP (S (PP-TMP By (NP 1979)) , (NP-SBJ (NP designers and engineers) (PP-LOC at (NP (NP Dictaphone) , (NP a Pitney Bowes subsidiary) ,))) (VP had (VP produced (NP (NP a working model) (PP of (NP a `` picocassette '' recorder))))) .)) (TOP (S (PP-TMP By (NP 1982)) , (ADVP however) , (NP-SBJ (NP the patent status) (PP of (NP the Lanier microcassette))) (VP had (VP changed , (S-ADV (NP-SBJ *) (VP permitting (S (NP-SBJ Dictaphone) (VP to (VP (VP develop (NP its own competitive micro system)) , (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP did (NP *T*-1))))))))))) .)) (TOP (S (NP-SBJ Marketing and sales departments) (ADVP-TMP then) (VP urged (NP (NP abandonment) (PP of (NP the pico project)))) .)) (TOP (S But (NP-SBJ others) (VP said (SBAR 0 (S (NP-SBJ pico) (VP should (VP proceed))))) .)) (TOP (S (NP-SBJ Both) (VP were (ADJP-PRD right)) .)) (TOP (S (S (NP-SBJ Dictaphone) (VP (VP went (ADVP ahead)) and (VP introduced (NP the pico)) (PP-TMP in (NP 1985)))) , but (S (NP-SBJ it) (VP has n't (VP sold (ADVP-MNR well)))) .)) (TOP (S-1 (PP-TMP To (NP date)) , (PRN (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Emil Jachmann) , (NP a Dictaphone vice president) ,))) (NP-SBJ it) (VP has (VP `` (VP broken (ADVP-CLR even)) or (VP shown (NP a small loss)))) . '')) (TOP (S (ADVP Nevertheless) , (NP-SBJ the device) (VP has (VP been (ADJP-PRD successful) (PP in (NP other ways)))) .)) (TOP (S (S (NP-SBJ It) (VP helped (S (NP-SBJ Dictaphone) (VP attract (NP better engineers))))) , and (S (NP-SBJ it) (VP provided (NP new technology) (PP-CLR for (NP other company products)))) .)) (TOP (S (NP-SBJ-1 The picocassette recorder) (ADVP also) (VP helped (S (NP-SBJ *-1) (VP transform (NP (NP the company 's) reputation) (PP-CLR from (NP follower)) (PP-CLR to (NP leading-edge innovator))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP It) (S *EXP*-3)) (VP gave (NP me) (NP great pride) (S-3 (NP-SBJ *) (VP to (VP see (S (NP-SBJ (NP the inventor) (PP of (NP the microcassette)) (PP-LOC in (NP Japan))) (VP (VP look (PP-CLR at (NP the pico))) and (VP shake (NP his head)) and (VP say (ADJP ` unbelievable))))))))) , ' '' (VP says (S *T*-1)) (NP-SBJ Mr. Jachmann) .)) (TOP (S (NP-SBJ (NP Dictaphone 's) picocassette recorder) (VP is (NP-PRD (NP one) (PP of (NP (NP 13 case studies) (PP-LOC in (NP (NP the TRIAD Design Project) , (VP sponsored (NP *) (PP by (NP-LGS (NP (NP the Design Management Institute) (PP of (NP Boston))) and (NP Harvard Business School)))))))))) .)) (TOP (S (NP-SBJ The studies) (VP (VP are (PP-PRD on (NP exhibit)) (PP-LOC at (NP Harvard)) (NP-TMP this month)) and (VP will (VP travel (PP-DIR to (NP (NP (NP (NP Chicago 's) Institute) (PP of (NP Design))) and (NP (NP the University) (PP of (NP California)) (PP-LOC at (NP Berkeley)))))))) .)) (TOP (S-HLN (NP-SBJ (NP A Rake 's) Progress) (VP Means (S (NP-SBJ *) (VP Branching (PRT Out)))))) (TOP (S (S (NP-TMP ONE DAY) (NP-SBJ (NP Carl Barrett) (PP of (NP (NP Mobile) , (NP Ala.) ,))) (VP was (VP raking (NP some sycamore leaves)))) , but (S (NP-SBJ-1 the rake) (VP kept (S (NP-SBJ *-1) (VP riding (PRT up) (PP-LOC over (NP the piles)))))) .)) (TOP (S (SBAR-ADV (X The harder) (S (NP-SBJ-1 he) (VP tried (S (NP-SBJ *-1) (VP to (VP push (NP them) (PP into (NP large piles)))))))) , (X the closer) (NP-SBJ-2 he) (VP came (PP-CLR to (S-NOM (NP-SBJ *-2) (VP (VP breaking (NP the rake)) and (VP straining (NP his back)))))) .)) (TOP (S (ADVP So) (NP-SBJ (NP Mr. Barrett) , (NP (ADVP-TMP then) (NP vice president) (PP of (NP the Alabama Steamship Association))) ,) (VP (VP took (NP a steel-toothed garden rake)) and (VP taped (NP it) (PP-CLR to (NP (NP the underside) (PP of (NP a leaf rake)) (ADVP-LOC (NP about nine inches) up))))) .)) (TOP (S (S (NP-SBJ His crude device) (VP worked)) : (S (NP-SBJ The lower teeth) (VP gathered (NP the leaves) (PP-CLR into (NP a pile)) , (SBAR-ADV while (S (NP-SBJ the (ADJP higher , harder) teeth) (VP moved (NP (NP the top) (PP of (NP the pile)))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP (ADVP-TMP Now) incorporated (NP *-1) (PP-CLR into (NP a polypropylene rake)))) , (NP-SBJ-2 (NP the four-inch prongs) , or (NP `` wonderbars) , '') (ADVP also) (VP are (VP supposed (S (NP-SBJ *-2) (VP to (VP aid (PP-CLR in (S-NOM (NP-SBJ *) (VP picking (PRT up) (NP leaves))))))))) .)) (TOP (S (NP-SBJ (NP One customer) , (NP (NP Donald Blaggs) (PP of (NP Mobile))) ,) (VP says (SBAR 0 (S (NP-SBJ the Barrett Rake) (VP allowed (S (NP-SBJ him) (VP to (VP do (NP his lawn) (PP-TMP in (NP (NP (QP 2 1) hours) , (ADJP (ADJP (NP two hours) less) (PP than (ADJP usual)))))))))))) .)) (TOP (S But (NP-SBJ other rake makers) (VP have (NP their doubts)) .)) (TOP (S (NP-SBJ (NP Richard Mason) , (NP (NP president) (PP of (NP (NP Ames Co.) (PP-LOC in (NP (NP Parkersburg) , (NP W. Va.)))))) ,) (VP says (SBAR 0 (S (S (NP-SBJ the Barrett rake) (VP `` makes (NP sense))) , '' but (S (NP-SBJ it) (VP would (VP be (ADJP-PRD `` tough '' (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP explain (NP *T*-1) (PP-CLR to (NP consumers))))))))))))) .)) (TOP (S (NP-SBJ (NP John Stoner) , (NP (NP marketing director) (PP for (NP (NP True Temper Corp.) , (NP (NP a subsidiary) (PP of (NP Black & Decker)))))) ,) (VP says (SBAR 0 (S (NP-SBJ-1 people) (VP do n't (VP want (S (NP-SBJ *-1) (VP to (VP move (NP a leaf pile))))))))) .)) (TOP (S-1 `` (S (NP-SBJ They) (ADVP either) (VP pick (NP it) (PRT up))) (PRN , '' (S (NP-SBJ he) (VP says (S *T*-1))) ,) `` (S or (NP-SBJ-2 they) (VP start (S (NP-SBJ *-2) (VP pulling (PP from (NP a fresh direction)))))) . '')) (TOP (NP Odds and Ends)) (TOP (SINV (NP-TPC-1 (NP NO MORE (NX (NX STUBBED toes) or (NX bruised shins)))) , (VP promises (NP *T*-1)) (NP-SBJ (NP Geste Corp.) (PP of (NP (NP Goshen) , (NP Ind.) ,)) (NP (NP the designer) (PP of (NP (NP a bed support) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP replace (NP traditional frames))))))))) .)) (TOP (S (NP-SBJ-1 (NP Four tubular steel `` Bedfellows) , '' (NP (NP each) (PP (ADVP roughly) in (NP (NP the shape) (PP of (NP a `` W))))) , '') (VP are (VP attached (NP *-1) (PP-CLR to (NP (NP the bottom) (PP of (NP the box spring)))) (PP in (NP a recessed position)))) ... .)) (TOP (S (NP-SBJ (NP (QP Nearly half)) (PP of (NP U.S. consumers))) (VP say (SBAR 0 (S (NP-SBJ they) (VP 'll (VP pay (NP (ADJP (QP up to 5) %) more) (PP-CLR for (NP (NP packaging) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP (VP can (VP be (VP recycled (NP *-2)))) or (VP is (ADJP-PRD biodegradable))))))))))) , (PP according (PP to (NP (NP a survey) (VP commissioned (NP *) (PP by (NP-LGS (NP the Michael Peters Group) , (NP a design consultant)))))))) .)) (TOP (S (NP-SBJ The Pentagon) (VP is (NP-PRD a haunted house)) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Living (ADVP-LOC there) (PP-TMP for (NP six years)))) (VP was (ADJP-PRD really scary)) .)) (TOP (S (S (NP-SBJ (NP The ghosts) (PP of (NP the past))) (VP are (ADVP-LOC-PRD everywhere))) : (S (NP-SBJ-1 They) (VP are (VP kept (NP *-1) (PP-CLR at (NP bay)) (PP-MNR (ADVP only) by (S-NOM (NP-SBJ *) (VP feeding (NP them) (NP (NP vast quantities) (PP of (NP our defense budget))))))))) .)) (TOP (S (NP-SBJ-1 Some) (VP can (VP be (VP bought (NP *-1) (PRT off) (ADVP-MNR relatively cheaply)))) .)) (TOP (S (PP-TMP During (NP the Korean War)) , (NP-SBJ Gen. Douglas MacArthur) (VP demanded and got , (PP in (NP (NP addition) (PP to (NP (NP his U.N. command) (PP-LOC in (NP Korea)))))) , (NP (NP his own naval command) (PP-LOC in (NP Japan)) , (NP NavforJapan))) .)) (TOP (S (NP-SBJ Those obsolete operations) (VP (VP cost (NP (NP (QP less than $ 2 billion) *U*) (NP-ADV a year))) , and (VP keep (S (NP-SBJ (NP Mac 's) ghost) (ADJP-PRD quiet)))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP about all) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP costs (NP *T*-1) (S-CLR (NP-SBJ *) (VP to (VP appease (NP (NP Adm. Erich Raeder 's) ghost))))))))) .)) (TOP (S (S (PP-TMP In (NP 1941)) , (NP-SBJ-1 (NP Raeder) and (NP the German navy)) (VP threatened (S (NP-SBJ *-1) (VP to (VP attack (NP the Panama Canal)))))) , so (S (NP-SBJ we) (VP created (NP (NP the Southern Command) (PP-LOC in (NP Panama))))) .)) (TOP (S (NP-SBJ The Southern Command) (VP has (VP grown (ADJP-PRD (ADVP even) bigger) (PP-TMP since (NP the war)) (SBAR-PRP because (S (NP-SBJ-1 (NP Raeder 's) ghost) (ADVP-TMP sometimes) (VP runs (PP-LOC through (NP the E ring)) (S-MNR (NP-SBJ *-1) (VP dressed (PP-CLR like (NP Gen. Noriega))))))))) .)) (TOP (S (NP-SBJ-1 (NP The Command 's) huge bureaucracy) (VP is (VP needed (NP *-1) (S-PRP (NP-SBJ *-1) (VP to (VP analyze (SBAR whether (S (NP-SBJ (NP leaders) (PP of (NP (NP coups) (PP against (NP Gen. Noriega))))) (VP meet (NP (NP (NP (NP the War Powers Act 's) six points) , (NP (NP Cap Weinberger 's) seven points) , (NP (NP the Intelligence Committee 's) 32 points) and (NP (NP Woodrow Wilson 's) 14 points)) (ADJP necessary (S (NP-SBJ *) (VP to (VP justify (NP U.S. support)))))))))))))) .)) (TOP (S (ADVP So far) (NP-SBJ no one) (VP has (VP *?*)) .)) (TOP (S (NP-SBJ (NP The ghost) (PP of (NP (NP the Soviet brigade) (VP discovered (NP *) (PP-LOC in (NP Cuba)) (PP-TMP (ADVP back) in (NP the '70s)))))) (VP costs (NP (NP just (QP a few hundred million)) : (NP (NP the price) (PP of (NP (NP the Caribbean Command) (PP-LOC in (NP Key West)) (SBAR (WHNP-1 that) (S (NP-SBJ President Carter) (VP created (NP *T*-1) (PP-TMP in (NP 1980)))))))))) .)) (TOP (S (S (NP-SBJ-1 The brigade) (VP has n't (VP been (VP heard (PP-CLR from (NP *-1)) (ADVP-TMP since))))) , but (S (NP-SBJ we) (VP keep (NP the staff) (ADVP-LOC around) (ADVP just in case))) .)) (TOP (S (NP-SBJ (NP George Marshall 's) ghost) (VP is (ADJP-PRD much more difficult (S (NP-SBJ *) (VP to (VP keep (S (NP-SBJ *?*) (ADJP-PRD happy))))))) .)) (TOP (S (NP-SBJ We) (VP keep (NP (NP a lot) (PP of (NP (NP shrines) (PP to (NP him)) (UCP *ICH*-1)))) (PP-LOC around (NP the Pentagon)) : (UCP-1 (NP statues) , (NP busts) , (NP relics) and (ADJP such))) .)) (TOP (S (S (NP-SBJ-1 (NP The Army headquarters) (PP-LOC on (NP (NP the third deck) (PP of (NP the Pentagon))))) (VP used (S (NP-SBJ *-1) (VP to (VP burn (NP (NP a lot) (PP of (NP incense))) (PP to (NP him))))))) , but (S (NP-SBJ (NP the Navy headquarters) (PP-LOC on (NP the fourth deck))) (VP made (S (NP-SBJ them) (VP stop (NP it))))) .)) (TOP (S (S (NP-SBJ You) (VP see)) , (S (NP-SBJ Marshall) (VP had (NP (NP this thing) (PP about (NP (NP the Navy) and (NP the Marines)))))) -- (S (S (NP-SBJ-1 he) (VP wanted (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ them) (NP-PRD (NP part) (PP of (NP the Army))))))))) but (S (NP-SBJ (NAC Secretary (PP of (NP the Navy))) James Forrestal) (VP blocked (NP him)))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ his ghost) (VP wo n't (VP let (PRT up) (SBAR-TMP till (S (NP-SBJ-1 it) (VP 's (VP done (NP *-1))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP keep (S (NP-SBJ him) (ADJP-PRD quiet))))) (NP-SBJ-1 we) (VP (VP invent (NP (NP a new unified command) (VP *ICH*-3)) (NP-TMP (NP every year) or so) (VP-3 run (NP *) (PP by (NP-LGS (NP the Army) or (NP the Air Force))))) and (VP put (NP (NP more) (PP of (NP the Navy and Marines))) (PP-PUT under (NP it)))) .)) (TOP (S (S But (NP-SBJ we) (ADVP-TMP still) (VP hear (S (NP-SBJ him) (VP moaning (PP-TMP at (NP night)) (SBAR-PRP because (S (NP-SBJ the Navy) (VP has (NP (NP a few ships) (ADJP left))))))))) , and (S (S-PRP (NP-SBJ *) (VP to (VP satisfy (NP him)))) (S (NP-SBJ-1 (NP the Navy 's) sea lift forces) (VP were (VP given (NP *-1) (PP-DTV-2 to (NP (NP a new Air Force bureaucracy) (PP-LOC in (NP Illinois))))))) , (S (NP-SBJ=1 its space operations) (PP-DTV=2 to (NP (NP another command) (PP-LOC in (NP Colorado))))) , (S (NP-SBJ=1 the frogmen) (PP-DTV=2 to (NP (NP a new Army bureaucracy) (PP-LOC in (NP Fort Bragg))))) , and (S (NP-SBJ=1 (NP the Navy 's) Indian Ocean and Persian Gulf forces) (PP-DTV=2 to (NP (NP an Army bureaucracy) (PP-LOC in (NP Florida)))))) .)) (TOP (SBAR (WHNP-1 Which) (S (NP-SBJ *T*-1) (VP brings (PRT up) (NP (NP (NP the (ADJP worst and meanest) ghost) (PP of (NP all))) -- (NP (NP the ghost) (PP of (NP (NP the shah) (PP of (NP Iran)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the shah) (VP died (ADVP-TMP *T*-1)))) , (NP-SBJ President Carter) (VP was (ADJP-PRD (ADJP so scared (SBAR that (S (NP-SBJ (NP the shah 's) ghost) (VP would (VP blame (NP him) (PP-CLR for (S-NOM (NP-SBJ *) (VP shoving (NP him) (PRT out) (S-PRP (NP-SBJ *) (VP to (VP make (NP way) (PP for (NP the ayatollah))))))))))))) (SBAR that (S (NP-SBJ he) (VP declared (NP the Carter Doctrine)))))) .)) (TOP (S (NP-SBJ Mr. Carter) (VP said (SBAR 0 (S (NP-SBJ he) (VP would (VP go (PP-CLR to (NP war)) (S-PRP (NP-SBJ *) (VP to (VP stop (NP anyone) (PP-CLR from (S-NOM (NP-SBJ-1 *) (VP trying (S (NP-SBJ *-1) (VP to (VP grab (NP Iran))))))))))))))) .)) (TOP (S (S But (NP-SBJ that ghost) (VP would n't (VP settle (PP-CLR for (NP words))))) , (S (NP-SBJ he) (VP wanted (NP (NP money and people) -- (ADJP lots)))) .)) (TOP (S So (NP-SBJ Mr. Carter) (VP (VP formed (NP three new Army divisions)) and (VP gave (NP them) (PP-DTV to (NP (NP a new bureaucracy) (PP-LOC in (NP Tampa)) (VP called (S (NP-SBJ *) (NP-PRD the Rapid Deployment Force))))))) .)) (TOP (S (S But (NP-SBJ-1 that ghost) (VP was n't (VP fooled (NP *-1)))) ; (S (NP-SBJ he) (VP knew (SBAR 0 (S (NP-SBJ the RDF) (VP was (UCP-PRD neither (ADJP rapid) nor (ADJP deployable) nor (NP a force)) -- (SBAR-ADV even though (S (NP-SBJ it) (VP cost (NP (NP (NP (QP $ 8 billion) *U*) or (NP (QP $ 10 billion) *U*)) (NP-ADV a year)))))))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ-1 Mr. Carter) (VP was (VP defeated (NP *-1) (PP-TMP in (NP 1980)))))) , (NP-SBJ (NP the shah 's) ghost) (VP (VP claimed (NP the credit)) and (VP (ADVP-TMP then) went (PP-CLR after (NP (NP President Reagan) and (NP Cap Weinberger))))) .)) (TOP (S (NP-SBJ I) (VP saw (SBAR-NOM (WHNP-1 what) (S (NP-SBJ he) (VP did (NP *T*-1) (PP-CLR to (NP them))))) (ADVP-MNR firsthand)) .)) (TOP (S (NP-SBJ It) (VP made (NP my shoelaces) (VP dance (PP-PRP with (NP terror)))) .)) (TOP (S (S (ADVP Why) , (NP-SBJ-1 he) (VP used (S (NP-SBJ *-1) (VP to (VP lay (PP-CLR in (NP wait)) (PP for (NP Cap))))))) ; (S (ADVP suddenly) (NP-SBJ he) (VP 'd (VP (VP leap (PP-DIR from (PP behind (NP (NP some statue) (PP of (NP Marshall))))) (PP-DIR onto (NP (NP Cap 's) chest))) and (VP grab (NP him) (PP-MNR by (NP the throat))) and (VP choke (NP him) (SBAR-TMP till (S (NP-SBJ he) (VP coughed (PRT up) (NP (NP an (QP additional $ 2 billion) *U*) or so)))))))) .)) (TOP (S (NP-SBJ Cap) (VP (VP added (NP-1 (NP four more divisions) (NP *ICH*-5)) (PP-CLR-2 to (NP the Army)) , (NP-5 (NP (NP two) (ADJP active)) and (NP (NP two) (ADJP reserve)))) ; (VP (NP=1 two carrier groups) (PP-CLR=2 to (NP the Navy))) ; (VP (NP=1 a division -- equivalent) (PP-CLR=2 to (NP the Marines))) ; and (VP (NP=1 (NP the C-5B , KC-10 , C-17) and (NP a thousand tactical aircraft)) (PP-CLR=2 to (NP the Air Force)))) .)) (TOP (S (NP-SBJ He) (VP (VP bought (NP (NP (NP (QP $ 4 billion) *U*) (PP in (NP prepositioning ships))) and (NP (NP (QP $ 7 billion) *U*) (PP in (NP ammo and equipment)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP fill (NP them)))))))) , and (VP parked (NP them) (PP-LOC at (NP (NP a new (ADJP (QP $ 6 billion) *U*) base) (PP-LOC at (NP Diego Garcia)))) (PP-LOC in (NP (NP the middle) (PP of (NP the Indian Ocean)))))) .)) (TOP (S (NP-SBJ He) (VP dedicated (NP all these new forces) (PP-CLR to (NP the Persian Gulf))) .)) (TOP (S (NP-TMP One night) (NP-SBJ both (NP (NP Marshall 's) ghost) and (NP (NP the shah 's) ghost) (ADJP together)) (VP (VP caught (NP Cap)) and (VP threw (NP him) (PP-DIR to (NP the ground)))) .)) (TOP (S (SBAR-TMP Before (S (NP-SBJ they) (VP let (S (NP-SBJ him) (VP go))))) (NP-SBJ he) (VP (VP added (NP (QP a thousand) bureaucrats) (PP to (NP (NP the RDF) (PP-LOC in (NP Tampa))))) and (VP renamed (S (NP-SBJ it) (NP-PRD Central Command)))) .)) (TOP (S (NP-SBJ He) (VP gave (NP those bureaucrats) (NP (NP charge) (PP of (NP (NP all naval operations) (PP-LOC in (NP the (NX (NX Persian Gulf) and (NX Indian Ocean)))))))) .)) (TOP (S (S (NP-SBJ Marshall) (VP figured (SBAR 0 (S (NP-SBJ it) (VP would (VP be (NP-PRD (NP good training) (PP for (NP those soldiers))))))))) -- (S (ADVP-TMP someday) (ADVP maybe) (NP-SBJ they) (VP would (VP get (NP the whole Navy)))) .)) (TOP (S (S (NP-SBJ-1 They) (VP had (NP fun) (S-ADV (NP-SBJ *-1) (VP moving (NP the carriers) (PRT around))))) , but (S (NP-SBJ it) (VP turned (PRT out) (SBAR that (S (NP-SBJ they) (VP had (VP forgotten (PP (ADVP all) about (NP mine sweepers)))))))) .)) (TOP (S (S But (NP-SBJ-1 the shah) (ADVP-TMP still) (VP kept (S (NP-SBJ *-1) (VP leaping (PRT out) (PP-DIR at (NP Cap)))))) , so (S (NP-SBJ Cap) (VP bought (NP (NP (QP a hundred) merchant ships more) and (NP (NP (QP $ 7 billion) *U*) (PP of (NP (NP loading barges) , (NP ramps) , etc. ,)))) (SBAR-PRP in order that (S (NP-SBJ those (NX (NX seven new Army divisions) and (NX three Marine brigades))) (VP could (VP (VP unload (PP from (NP all those new ships and aircraft))) and (VP go (PP-CLR to (NP war)) (PP-LOC in (NP the Zagros mountains))))))))) .)) (TOP (S (ADVP Then) (ADVP suddenly) (NP-SBJ-1 (NP Ike 's) ghost) (VP (VP came (S (NP-SBJ *-1) (VP to (VP visit)))) and (VP said , (SBARQ `` (WHNP-2 What the hell) (SQ are (NP-SBJ-3 you) (VP doing (NP *T*-2) (S-ADV (NP-SBJ *-3) (VP planning (PP-CLR for (NP (NP (NP a land war) (PP-LOC in (NP Asia))) (ADVP-LOC (NP 12,000 miles) away)))))))))) ?)) (TOP (S (NP-SBJ We) (VP 'd (VP get (S (NP-SBJ-1 our asses) (VP kicked (NP *-1))))) . '')) (TOP (S (ADJP-ADV Lucky (PP for (NP Cap))) , (NP-SBJ Ike) (VP (VP was (ADJP-PRD easygoing)) and (VP (ADVP-TMP soon) went (ADVP-LOC-CLR away) , (SBAR-ADV while (S (NP-TPC the shah) -- (NP-SBJ-1 he) (VP kept (S (NP-SBJ *-1) (VP coming (ADVP-CLR back)))))))) .)) (TOP (S (ADVP So) (NP-SBJ-1 the U.S.) (VP found (NP itself) (S-ADV (NP-SBJ *-1) (VP paying (NP (NP (QP about $ 2 billion) *U*) (PP in (NP baksheesh))) (PP-CLR to (NP various Arab potentates)) (PP-CLR for (NP (NP basing rights) (PP-LOC around (NP the Indian Ocean))))))) .)) (TOP (S (NP-SBJ We) (VP had (NP great success) (PP-LOC in (NP Somalia))) .)) (TOP (S (S But (ADVP then) (NP-SBJ it) (VP turned (PRT out) (SBAR that (S (NP-SBJ President Siad Barrah) (VP was (ADVP not at all) (NP-PRD a nice person)))))) and (S (NP-SBJ the Navy) (VP pointed (PRT out) (SBAR that (S (NP-SBJ (NP the base) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP promised (NP us) (NP *T*-1)))) (PP-LOC in (NP Berbera))) (VP had (VP silted (PRT up) (ADVP-TMP (NP (QP about a hundred) years) ago)) and (VP (ADVP anyway) was (NP-PRD (NP 1,244 miles) (PP from (NP (NP the mouth) (PP of (NP the Gulf))))))))))) .)) (TOP (SBARQ -LRB- But (WHNP-1 who) (SQ (NP-SBJ *T*-1) (VP 's (VP counting))) . -RRB-)) (TOP (S (S (ADVP Still) , (NP-SBJ Berbera) (VP was (NP-PRD (NP the best) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP could (VP get (NP *T*-1)))))))) , so (S (NP-SBJ we) (VP stay (PP-LOC in (NP bed)) (PP with (NP President Barrah)))) .)) (TOP (S (NP-SBJ (NP All these reports) (PP about (S-NOM (NP-SBJ him) (VP committing (NP genocide))))) (VP are (ADVP probably) (ADJP-PRD exaggerated) (ADVP anyway)) .)) (TOP (S (SINV But would n't (NP-SBJ you) (VP know)) , (S (SBAR-ADV now that (S (NP-SBJ we) (VP (VP are (VP spending (NP (NP jillions) (PP of (NP dollars))))) , and (VP have (VP built (NP (NP those new divisions) and (NP new air wings)))) , and (VP have (VP positioned (NP all these ships and supplies) (S (NP-SBJ *) (VP to (VP fight (NP the Russians) (PP-LOC in (NP Iran)))))))))) , (NP-SBJ-1 the Russians) (VP seem (S (NP-SBJ *-1) (VP to (VP have (VP lost (NP (NP interest) (PP in (NP the whole subject))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ Congress) (VP is (VP cutting (NP huge chunks) (PP-CLR out (PP of (NP (NP the rest) (PP of (NP the defense budget))))))) .)) (TOP (S (ADVP Predictably) , (NP-SBJ some Navy guys) (VP said : (SQ `` Do (NP-SBJ-1 we) (ADVP-TMP still) (VP need (S (NP-SBJ *-1) (VP to (VP keep (NP (NP (NP all 18 Army divisions) (PP on (NP active duty))) and (NP (NP all those extra land-based aircraft) (PP without (NP bases))) and (NP (NP all those Army guys) (VP playing (NP admiral) (PP-LOC in (NP Tampa))))))))))) ?)) (TOP (SQ Could n't (NP-SBJ we) (VP save (NP (NP (NP (QP $ 20 billion) *U*) or (NP (QP $ 30 billion) *U*)) (NP-ADV a year)) (PP-MNR by (S-NOM (NP-SBJ *) (VP shifting (NP that stuff) (PP-CLR to (NP the reserves)))))) ?)) (TOP (SBAR And (WHADVP why not) (S (NP-SBJ *) (VP save (NP (NP the costs) (PP of (NP (QP a thousand) bureaucrats))) (PP-MNR by (S-NOM (NP-SBJ *) (VP (VP abolishing (NP Central Command)) and (VP putting (NP (NP responsibility) (PP for (NP Gulf naval operations))) (ADVP-PUT (ADVP back (SBAR (WHADVP where) (S (NP-SBJ it) (VP belongs)))) , (ADVP afloat (PP with (NP (NP the task force commander) (PP-LOC in (NP the Gulf)))))))))))) ?)) (TOP (SBARQ And (WHADVP-2 where) (SQ (VP were (ADVP-LOC-PRD *T*-2)) (NP-SBJ all our (ADJP handsomely paid) Indian Ocean allies) (NP-TMP (NP last year) (SBAR (WHADVP-3 when) (S (NP-SBJ-1 our convoys) (VP were (VP being (VP attacked (NP *-1) (ADVP-TMP *T*-3)))))))) ? '')) (TOP (S (NP-SBJ (NP Questions) (PP like (NP that))) (VP (ADVP really) stir (PRT up) (NP (NP Marshall 's) ghost)) .)) (TOP (S (NP-SBJ He) (VP appeared (NP-TMP late one night) (PP-LOC in (NP (NP the bedroom) (PP of (NP (NP the new defense secretary) , (NP Dick Cheney)))))) .)) (TOP (S (NP-SBJ-1 Marshall) (VP came (S (NP-SBJ *-1) (VP clanking (PRT in) (PP-CLR like (NP (NP (NP Marley 's) ghost) (VP dragging (NP (NP those chains) (PP of (NP (NP brigades) and (NP air wings) and (NP (NP links) (PP with (NP Arab despots)))))))))))) .)) (TOP (S (NP-SBJ He) (VP would n't (VP leave (SBAR-TMP until (S (NP-SBJ-2 Mr. Cheney) (VP promised (S (NP-SBJ *-2) (VP to (VP do (SBAR-NOM (WHNP-1 whatever) (S (NP-SBJ the Pentagon systems analysts) (VP told (NP him) (NP *T*-1)))))))))))) .)) (TOP (S (S (ADVP So) (NP-TMP next day) (NP-SBJ Mr. Cheney) (VP (VP went (ADVP-CLR out)) and (VP did (NP just that)))) : (S (NP-SBJ He) (VP (VP canceled (NP the 600-ship Navy)) and (VP cut (ADVP-CLR back) (NP (NP one carrier) and (NP 20 frigates))))) .)) (TOP (S (ADVP Then) (NP-SBJ he) (VP canceled (NP (NP production) (PP of (NP (NP (NP the Navy 's) (ADJP most important) carrier aircraft) , (NP (NP the F-14) and (NP the A-6)))))) .)) (TOP (S (PP On (NP the other hand)) , (NP-SBJ Mr. Cheney) (VP retained (NP all those new land forces)) .)) (TOP (S (S (NP-SBJ (NP Marshall 's) ghost) (VP is (ADJP-PRD satisfied) (PP for (ADVP-TMP now)))) , but (S (NP-SBJ he) (VP 'll (VP be (ADVP-PRD back)))) .)) (TOP (S (PP (X What) with (S-NOM (S (NP-SBJ Halloween) (VP coming)) and (S (NP-SBJ bigger defense cuts) (VP looming)))) , (NP-SBJ (ADJP more and more) Pentagon bureaucrats) (VP are (VP crawling (PP-DIR under (NP their desks)))) .)) (TOP (S (NP-SBJ They) (VP know (SBAR that (S (NP-SBJ they) (VP can (VP hold (PRT off) (NP the ghosts) (NP-TMP only a little while longer) (PP-MNR by (S-NOM (NP-SBJ *) (VP cutting (NP carriers and ships))))))))) .)) (TOP (S (S (ADVP Then) (NP-SBJ-1 the whole thing) (VP will (VP start (S (NP-SBJ *-1) (VP to (VP collapse))) , (SBAR-ADV just as (S (NP-SBJ it) (VP did (VP *?* (PP-TMP in (NP the 1970s))))))))) , and (S (NP-SBJ-2 the ghosts and banshees) (VP will (VP be (VP howling (PP-LOC through (NP the place)) (S-ADV (NP-SBJ *-2) (VP turning (S (NP-SBJ (NP people 's) hair) (ADJP-PRD white)))))))) .)) (TOP (S (NP-SBJ *) (VP Gives (NP me) (NP the willies) (S-ADV (NP-SBJ *) (VP (ADVP just) thinking (PP-CLR about (NP it))))) .)) (TOP (S (NP-SBJ (NP Mr. Lehman) , (NP a Reagan Navy secretary) ,) (VP is (NP-PRD (NP a managing director) (PP of (NP PaineWebber)))) .)) (TOP (S (NP-SBJ (NP The metal and marble lobby) (PP of (NP (NP CenTrust Bank 's) headquarters))) (VP is (ADJP-PRD (ADJP grander) (PP than (NP your average savings and loan)))) .)) (TOP (S (PP For (NP one thing)) , (NP-SBJ there) (VP is (NP-PRD (NP an old master) (NP *ICH*-1)) (PP-LOC on (NP the wall)) -- (NP-1 (NP-TTL `` (NP Samuel) (VP Anointing (NP David))) , '' (NP (NP a big baroque canvas) (VP painted (NP *) (PP by (NP-LGS (NP Mattia Preti) , (NP a 17th-century Neapolitan))))))) .)) (TOP (S (PP-TMP At (NP the moment)) , (ADVP however) , (NP-SBJ the painting) (VP is (NP-PRD (NP a nagging reminder) (PP of (NP (NP the problems) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP engulfed (NP (NP CenTrust) and (NP (NP its flamboyant (NX (NX chairman) and (NX chief executive))) , (NP David L. Paul))))))))))) .)) (TOP (S (PP-LOC In (NP (NP an international buying spree) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP began (ADVP-TMP (NP barely two years) ago)))))) , (NP-SBJ Mr. Paul) (VP amassed (NP (NP a collection) (PP of (NP (NP (QP about 30) pre-18th-century works) , (PP including (NP the Preti))))) , (PP at (NP (NP a total cost) (PP of (NP (QP $ 28 million) *U*))))) .)) (TOP (S (PP-TMP By (NP midnight Oct. 6)) , (NP-SBJ-2 (NP all) (PP of (NP the paintings))) (VP were (VP supposed (S (NP-SBJ-3 *-2) (VP to (VP have (VP been (VP sold (NP *-3) (PRT off)))))) , (PP under (NP (NP orders) (PP from (NP (NP (NP Florida 's) comptroller) , (SBAR (WHNP-1 whose office) (S (NP-SBJ *T*-1) (VP regulates (NP (NP the state 's) S&Ls)))))))))) .)) (TOP (S (NP-SBJ CenTrust) (VP did n't (VP meet (NP the deadline))) .)) (TOP (S (NP-SBJ The collection) (VP was (PP-LOC-PRD at (NP (NP the heart) (PP of (NP (NP a grandiose plan) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Paul) (VP had (NP *T*-1)))) (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ-2 the art) (VP was (S (NP-SBJ *-2) (VP to (VP do (NP (NP double duty) -- (PP (PP as (NP (NP an investment) (PP for (NP CenTrust)))) and (PP as (NP (NP decoration) (PP for (NP (NP (NP the S&L 's) new office tower) , (VP designed (NP *) (PP by (NP-LGS I.M. Pei)))))))))))) (PP-LOC *T*-3))))))))) .)) (TOP (S (NP-SBJ The rub) (VP is (SBAR-PRD that (S (NP-SBJ-1 the (QP $ 28 million) *U*) (VP was (VP plucked (NP *-1) (PP-CLR from (NP (NP the funds) (PP of (NP this (ADJP federally insured) institution)))) (SBAR-TMP even as (S (NP-SBJ CenTrust) (VP was (VP losing (NP money) (NP-MNR (NP hand) (PP over (NP fist)))))))))))) .)) (TOP (S (NP-SBJ-2 Mr. Paul) (VP had (NP no right (S (NP-SBJ *) (VP to (VP buy (NP art) (PP-BNF for (NP the S&L)) (PP in (NP the first place)) (PRN -- (S (NP-SBJ it) (VP is n't (PP-LOC-PRD on (NP (NP the comptroller 's) `` permissible '' list)))) --) (PP-MNR without (S-NOM (S-NOM (NP-SBJ *-2) (VP seeking (NP a special dispensation))) , (SBAR (WHNP-1 which) (S (NP-SBJ he) (VP did not (VP do (NP *T*-1)))))))))))) .)) (TOP (S (PP Besides (NP that)) , (NP-SBJ-3 (NP (NP some) (PP of (NP (NP the paintings) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP were (S (NP-SBJ *-2) (VP to (VP grace (NP (NP the walls) (PP of (NP CenTrust))))))))))))) (VP (ADVP actually) ended (PRT up) (S-ADV (NP-SBJ *-3) (VP hanging (PP-LOC in (NP (NP (NP the chairman 's) estate) (PP-LOC on (NP (NP La Gorce Isle) (PP-LOC off (NP Miami Beach))))))))) .)) (TOP (S (NP-TMP Last spring) , (NP-SBJ-1 (NP the comptroller 's) office) (VP called (NP (NP a halt) (PP to (NP (NP Mr. Paul 's) fling))) , (S-ADV (NP-SBJ *-1) (VP giving (NP him) (NP (NP six months) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP sell (NP the paintings) (ADVP-TMP *T*-2))))))))) .)) (TOP (S-1 (NP-SBJ The acquisitions) (PRN , (S (NP-SBJ officials) (VP said (SBAR 0 (S *T*-1)) (PP-LOC in (NP (NP a letter) (PP to (NP Mr. Paul)))))) ,) (VP were (ADJP-PRD `` unsafe , unsound and unauthorized)) . '')) (TOP (S (S (ADVP So far) , (NP-SBJ Mr. Paul) (VP has (VP unloaded (NP (NP (QP but three)) (PP of (NP his masterpieces)))))) , (S (NP-SBJ he) (VP wo n't (VP say (FRAG (WHPP to (WHNP whom)))))) .)) (TOP (S (NP-SBJ (NP The comptroller 's) office) (VP says (SBAR 0 (S (NP-SBJ it) (VP is (VP `` monitoring (NP the situation)))))) . '')) (TOP (S (SBAR-ADV Though (S (NP-SBJ the agency) (VP could (VP remove (NP Mr. Paul))))) , (NP-SBJ it) (VP has (NP no current intention (S (NP-SBJ *) (VP to (VP do (NP that)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's not (PP-PRD like (S-NOM (NP-SBJ *) (VP selling (NP Chevrolets)))))) , '' (NP-SBJ Mr. Paul) (VP says (S *T*-1) , (SBAR-TMP as (S (NP-SBJ he) (VP takes (NP (NP a drag) (PP on (NP a goldbanded St. Moritz cigarette))))))) .)) (TOP (S `` (NP-SBJ The last six months) (VP has (VP established (NP (NP the quality) (PP of (NP the collection))))) .)) (TOP (S (NP-SBJ There) (VP 's (NP-PRD no fire sale) (ADVP-LOC here)) . '')) (TOP (S (PP Despite (NP (NP Mr. Paul 's) characteristic hauteur)) , (NP-SBJ the 50-year-old , chain-smoking dynamo) (VP is (VP finding (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP getting (NP (NP CenTrust) -- (NP (NP Florida 's) largest thrift institution) --) (PP-CLR out (PP of (NP its riskiest investments))))) (VP is (ADJP-PRD (ADJP much tougher) (SBAR than (S (S-NOM-SBJ (NP-SBJ *) (VP getting (PP-CLR into (NP them)))) (VP had (VP been (ADJP-PRD *?*))))))))))) .)) (TOP (S (NP-SBJ Paintings) (VP are (NP-PRD (NP just part) (PP of (NP the picture)))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Mr. Paul) (VP has (VP pared (NP a (ADJP (QP $ 1.35 billion) *U*) junk-bond portfolio) (PP-CLR to (NP (QP less than $ 900 million) *U*)) (PP-TMP since (NP April)))))) , (NP-SBJ the high-yield debt market) (VP has (VP plummeted)) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Divesting (NP itself) (PP-CLR of (SBAR-NOM (WHNP-3 what) (S (NP-SBJ-1 *T*-3) (VP is (VP left (NP *-1)))))))) , (SBAR-ADV as (S (NP-SBJ-2 *) (VP is (VP required (NP *-2) (PP-CLR of (NP all thrift institutions)) (PP-TMP by (NP July 1994)) (PP-LOC under (NP the new federal S&L bailout law)))))) , (VP may (ADVP well) (VP prove (ADJP-PRD difficult))) .)) (TOP (S And (NP-SBJ CenTrust) (VP has (NP other problems)) .)) (TOP (S (NP-TMP Late last week) (NP-SBJ federal regulators) (VP (VP ordered (NP-2 the thrift institution) (S (NP-SBJ-3 *-2) (VP to (VP stop (S (NP-SBJ *-3) (VP paying (NP (NP dividends) (PP on (NP its preferred stock))))))))) -- (NP (NP a move) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP suggests (NP (NP deep concern) (PP about (NP an institution)))))))) .)) (TOP (S (S (NP-SBJ Mr. Paul) (VP has (NP a plan (S (NP-SBJ *) (VP to (VP bring (PRT in) (NP (QP $ 150 million) *U*) (PP-MNR by (S-NOM (NP-SBJ *) (VP selling (PRT off) (NP (NP 63) (PP of (NP (NP CenTrust 's) 71 branches)))))))))))) , but (S (NP-SBJ it) (VP has (ADVP yet) (S (NP-SBJ-1 *) (VP to (VP be (VP approved (NP *-1) (PP by (NP-LGS regulators)))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP is (NP-PRD (NP Mr. Paul 's) art venture) , (ADVP however) , (SBAR-2 (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP drawn (NP the most attention) (PP from (NP (NP investors and regulators) , (CONJP not to mention) (NP (NP galleries) (PP-LOC throughout (NP the world)))))))))) .)) (TOP (S (NP-SBJ (NP Embittered shareholders) (PRN -LRB- (NP (NP some) (SBAR (WHPP-2 of (WHNP whom)) (S (NP-SBJ *T*-2) (VP are (VP suing))))) -RRB-)) (VP say (SBAR 0 (S (NP-SBJ (NP the chairman) and (NP his collection)) (VP epitomize (NP (NP the excesses) (PP of (NP (NP speculation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP set (PRT off) (NP the national S&L crisis))))))))))) .)) (TOP (S -LRB- (NP-SBJ-1 CenTrust shares) (VP have (VP fallen (ADVP-MNR sharply) (PP in (NP price)) (PP-DIR from (NP (NP a high) (PP of (NP $ 15.125 *U*))) (PP-TMP in (NP 1986))) (S-ADV (NP-SBJ *-1) (VP to (VP close (NP-TMP yesterday) (PP-CLR at (NP $ 2.875 *U*))))))) . -RRB-)) (TOP (S (NP-SBJ Gallery directors) , (ADVP meanwhile) , (VP say (SBAR 0 (S (NP-SBJ (NP Mr. Paul) and (NP (NP others) (PP of (NP his ilk)))) (VP have (VP left (NP an indelible mark) (PP-CLR on (NP the art world)) (PRN -- and not (PP for (NP the better)))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Collectors) (VP do n't (VP say (S `` (NP-SBJ It) (VP 's (NP-PRD a van Gogh)) '') (ADVP anymore)))) , (VP laments (SBAR 0 (S *T*-1))) (NP-SBJ (NP Harry Brooks) , (NP (NP the president) (PP of (NP (NP Wildenstein & Co.) , (NP a New York gallery))))) .)) (TOP (S `` (NP-SBJ They) (VP say , (S ` (S (NP-SBJ Johnny Payson) (VP got (NP (QP $ 53 million) *U*) (PP for (NP his)))) , (ADVP so) (S (ADVP certainly) (NP-SBJ (QP $ 10 million) *U*) (VP is n't (NP-PRD too much) (PP for (NP mine)))))) . ')) (TOP (S (S (NP-SBJ-3 (NP (NP The great collectors) (SBAR (WHNP-2 0) (S (NP-SBJ we) (VP depended (PP on (NP *T*-2)))))) , (PP such as (NP (NP Paul Mellon) or (NP Norton Simon))) ,) (VP have (VP stopped (S (NP-SBJ *-3) (VP buying))))) , and (S (NP-SBJ the new buyers) (VP are (NP-PRD (NP brilliant men) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP made (NP money) (PP-LOC (PP in (NP the stock market)) or (PP in (NP takeovers)))) and (VP rushed (PP-CLR into (NP collecting))))))))) ... . '')) (TOP (S (NP-SBJ (NP Mr. Payson) , (NP an art dealer and collector) ,) (VP sold (NP (NP Vincent van Gogh 's) (NX-TTL `` Irises '')) (PP-LOC at (NP (NP a Sotheby 's) auction)) (PP-TMP in (NP (NP November) (NP 1987))) (PP-DTV to (NP Australian businessman Alan Bond))) .)) (TOP (S -LRB- (S (NP-SBJ Trouble) (VP is , (S-PRD (NP-SBJ-1 Mr. Bond) (VP has (ADVP yet) (S (NP-SBJ *-1) (VP to (VP pay (PRT up)))))))) , and (S (SBAR-TMP until (S (NP-SBJ he) (VP does))) , (NP-SBJ (NP Sotheby 's)) (VP has (NP the painting) (PP-LOC under (NP lock and key)))) . -RRB-)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ Mr. Paul) (VP moved (PRT in) (PP on (NP the art market)) (ADVP-TMP *T*-2)))) , (NP-SBJ he) (VP let (NP it) (VP be (VP known (SBAR that (S (NP-SBJ virtually no piece) (VP was (ADJP-PRD (ADJP too costly) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *) (VP to (VP be (VP considered (NP *T*-3) (PP by (NP-LGS CenTrust)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP established (NP (NP his reputation) (PP as (NP a freespender))) (PP-TMP in (NP (NP January) (NP last year))) (PP at (NP (NP (NP Sotheby 's) auction) (PP of (NP (NP the Linda and Gerald Guterman collection) (PP-LOC in (NP New York))))))) .)) (TOP (S (ADVP-LOC There) , (PP-LOC on (NP (NP one) (PP of (NP his first shopping trips)))) , (NP-SBJ Mr. Paul) (VP picked (PRT up) (NP several paintings) (PP-CLR at (NP stunning prices))) .)) (TOP (S (NP-SBJ He) (VP paid (NP (QP $ 2.2 million) *U*) , (PP for (NP instance)) , (PP-CLR for (NP (NP a still life) (PP by (NP Jan Jansz. den Uyl)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP was (VP expected (S (NP-SBJ *-2) (VP to (VP fetch (NP perhaps $ 700,000 *U*))))))))))) .)) (TOP (S (NP-SBJ (NP The price) (VP paid (NP *))) (VP was (NP-PRD a record) (PP for (NP the artist))) .)) (TOP (S -LRB- (NP-SBJ-1 (NP (QP Some 64) %) (PP of (NP (NP items) (VP offered (NP *) (PP-LOC at (NP the Guterman auction)))))) (VP were (VP sold (NP *-1) , (PP-CLR at (NP (NP an average price) (PP of (NP $ 343,333 *U*)))))) .)) (TOP (S (NP-SBJ-1 The rest) (VP were (VP withdrawn (NP *-1) (PP-PRP for (NP (NP lack) (PP of (NP acceptable bids)))))) . -RRB-)) (TOP (S (ADVP-TMP Afterward) , (NP-SBJ-1 Mr. Paul) (VP is (VP said (PP by (NP-LGS Mr. Guterman)) (S (NP-SBJ *-1) (VP to (VP have (VP (VP phoned (NP (NP Mr. Guterman) , (NP (NP the New York developer) (VP selling (NP the collection))) ,)) and (VP gloated))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ he) (VP ` stole (NP them)))))) , ' '' (VP recalls (S *T*-1)) (NP-SBJ Mr. Guterman) .)) (TOP (S `` And (NP-SBJ he) (VP tells (NP me) , (S ` (SBAR-ADV If (S (NP-SBJ-1 you) (VP want (S (NP-SBJ *-1) (VP to (VP see (NP your paintings))))))) , (NP-SBJ-2 you) (VP 'll (VP have (S (NP-SBJ *-2) (VP to (VP come (PP-DIR to (NP (NP my house) (PP-LOC in (NP Florida))))))))))) . ' '')) (TOP (S (NP-SBJ Mr. Paul) (VP denies (VP phoning and gloating)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (ADVP just) not (ADJP-PRD true))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Paul) (VP (ADVP-MNR quickly) became (ADJP-PRD more aggressive (PP in (NP his collecting))) , (PP-MNR with (NP (NP the help) (PP of (NP (NP George Wachter) , (NP (NP (NP a Sotheby 's) expert) (PP in (NP old masters))) (SBAR (WHNP-1 whom) (S (NP-SBJ he) (VP met (NP *T*-1) (PP-LOC at (NP (NP an exhibition) (PP of (NP the Guterman items)))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Wachter) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP became (NP-PRD his principal adviser)))) ,) (VP searched (NP (NP galleries) (PP-LOC in (NP London , Paris and Monaco)))) .)) (TOP (S And , (PP according (PP to (NP one dealer))) , (NP-SBJ Mr. Wachter) (VP had (NP (NP a penchant) (PP for (S-NOM (NP-SBJ *) (VP introducing (NP Mr. Paul) (PP-MNR with (NP (NP the phrase) : (S `` (NP-SBJ He) (VP can (VP buy (NP anything))))))))))) . '')) (TOP (S (NP-SBJ (NP Nicholas Hall) , (NP (NP the president) (PP of (NP (NP the Colnaghi U.S.A. Ltd. gallery) (PP-LOC in (NP New York))))) ,) (VP sold (NP Mr. Paul) (NP (NP-TTL `` (NP Abraham and Sarah) (PP-LOC in (NP the Wilderness)) '') (PP by (NP Giovanni Battista Tiepolo)))) .)) (TOP (S (NP-SBJ Mr. Hall) (VP says (SBAR 0 (S (NP-SBJ-1 Mr. Paul) `` (VP was (VP known (S (NP-SBJ *-1) (VP to (VP spend (NP (NP a lot) (PP of (NP money))))))))))) .)) (TOP (S (S (NP-SBJ People) (VP were (ADJP-PRD interested) (PP in (S-NOM (NP-SBJ *) (VP seeing (NP him)))))) , but (S (NP-SBJ-1 it) (VP was (VP recognized (NP *-1) (SBAR that (S (NP-SBJ the route) (VP was (PP-PRD through (NP (NP Sotheby 's) and (NP particularly George Wachter))))))))) . '')) (TOP (S (NP-SBJ Mr. Paul) (ADVP thus) (VP developed (NP a close , symbiotic relationship) (PP-CLR with (NP (NP Sotheby 's)))) .)) (TOP (S (NP-SBJ-1 Mr. Paul) (VP was (ADJP-PRD eager (S (NP-SBJ *-1) (VP to (VP assemble (NP a collection) (PP for (NP (NP the headquarters) (SBAR (WHNP-2 0) (S (NP-SBJ CenTrust) (VP has (VP been (VP moving (PP-DIR into (NP *T*-2)) (PP-TMP for (NP (NP the greater part) (PP of (NP a year)))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Sotheby 's) , (NP (NP the auction house) (RRC (RRC (VP founded (NP *) (PP-LOC in (NP London)) (NP-TMP 1744))) and (RRC (ADVP-TMP now) (PP under (NP (NP the umbrella) (PP of (NP (NP Sotheby 's) Holdings Inc.))))))) ,) (VP was (VP hoping (S (NP-SBJ *-1) (VP to (VP stir (PRT up) (NP (NP interest) (PP in (NP old masters))) (SBAR-ADV as (S (NP-SBJ-2 it) (VP strove (S (NP-SBJ *-2) (VP to (VP build (NP its U.S. business)))))))))))) .)) (TOP (S (NP-SBJ-1 European dealers) (VP continued (S (NP-SBJ *-1) (VP to (VP dominate (NP (NP the action) (PP-LOC in (NP (NP old masters) , (SBAR (WHNP-2 which) (S (NP-SBJ (NP Sotheby 's) North America) (VP had (ADVP-TMP lately) (VP been (VP touting (NP *T*-2) (PP-LOC in (NP this country)))))))))))))) .)) (TOP (S (PP-TMP For (NP several months)) , (NP-SBJ there) (VP was (NP-PRD optimism) (ADVP-LOC all around)) .)) (TOP (S (NP-TMP Last October) , (NP-SBJ Mr. Paul) (VP paid (PRT out) (NP (NP (NP (QP $ 12 million) *U*) (PP of (NP (NP CenTrust 's) cash))) -- plus (NP (ADJP a (QP $ 1.2 million) *U*) commission) --) (PP for (NP-TTL (NP `` Portrait) (PP of (NP (NP a Man) (PP as (NP Mars))))))) . '')) (TOP (S (NP-SBJ-1 (NP The painting) , (VP attributed (NP *) (PP-CLR to (NP Flemish artist Peter Paul Rubens))) ,) (VP was (VP purchased (NP *-1) (UCP-MNR (ADVP privately) (PP through (NP (NP Sotheby 's)))) , not (PP-LOC at (NP auction)))) .)) (TOP (S (PP-TMP In (NP (NP March) (NP 1989))) , (NP-ADV (NP (QP just 15) months) (PP into (NP his campaign))) , (NP-SBJ-1 Mr. Paul) (VP was (VP named (NP *-1) (PP by (NP-LGS Art & Antiques magazine)) (PP-CLR as (NP (NP one) (PP of (NP (NP the top 100 individual collectors) (PP-LOC in (NP the U.S)))))))) .)) (TOP (S `` (S-TPC-2 (S-ADV (NP-SBJ *-4) (NP-PRD (NP An unknown quantity) (PP to (NP (NP most) (PP of (NP the art world)))))) , (NP-SBJ-4 Paul) (VP is (NP-PRD (NP no stranger) (PP to (NP lavish spending))))) , '' (NP-SBJ-3 the magazine) (VP said (S *T*-2) , (S-ADV (NP-SBJ *-3) (VP noting (SBAR that (S (NP-SBJ he) (VP (VP does n't (VP stop (PP-LOC at (NP (NP paint) (PP-LOC on (NP canvas)))))) but (VP (ADVP also) spends (NP big) (PP-CLR on (NP (NP art) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP can (VP eat (NP *T*-1)))))))))))))) .)) (TOP (S `` (S (NP-SBJ He) (ADVP-TMP recently) (VP bid (NP $ 30,000 *U*) (PP-LOC at (NP a Paris charity auction)) (PP-CLR for (NP (NP a dinner) (VP cooked (NP *) (PP by (NP-LGS (NP six) (PP of (NP (NP the world 's) great chefs))))))))) , but (S (NP-SBJ the final party) (VP cost (NP (QP closer to $ 100,000) *U*))) . '')) (TOP (S -LRB- (NP-SBJ Mr. Paul) (VP says (SBAR 0 (S (NP-SBJ it) (VP was n't (ADJP-PRD that high))))) . -RRB-)) (TOP (S (NP-SBJ-1 The art collection) (VP might (VP have (VP come (S (NP-SBJ *-1) (VP to (VP rival (NP the Medicis ')))) (SBAR-ADV (SINV had (NP-SBJ (NP the Florida comptroller 's) office) (VP not got (NP (NP wind) (PP of (NP (NP Mr. Paul 's) aesthetic adventure))))))))) .)) (TOP (S (PP-LOC In (NP (NP its letter) (PP to (NP him)) , (VP (VP dated (NP *) (NP-TMP March 2)) and (VP shared (NP *) (PP-CLR with (NP reporters)))))) , (NP-SBJ (NP Alex Hager) , (NP (NP the chief) (PP of (NP (NP the thrift-institution bureau) (PP-LOC in (NP (NP the comptroller 's) office))))) ,) (VP expressed (NP puzzlement (SBAR that (S (NP-SBJ the S&L) (VP could (VP be (ADJP-PRD so profligate) (SBAR-ADV (WHADVP-1 when) (S (NP-SBJ it) (VP had (VP reported (NP (NP losses) (PP of (NP (QP more than $ 13 million) *U*))) (PP-TMP in (NP its two preceding quarters)) (ADVP-TMP *T*-1))))))))))) .)) (TOP (S (NP-SBJ The state) (VP gave (NP CenTrust) (NP (NP 30 days) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP sell (NP the Rubens) (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ-1 (NP The comptroller 's) office) (ADVP-TMP eventually) (VP (VP extended (NP the deadline) (PP-CLR to (NP six months))) but (VP broadened (NP its demands) , (S-ADV (NP-SBJ *-1) (VP ordering (SBAR that (S (NP-SBJ (NP the `` book value) (PP of (NP the collection))) (VP -LCB- be -RCB- (VP reduced (PP-CLR to (NP zero)))))))))) . '')) (TOP (S (PP In (NP other words)) : (NP-SBJ *) (VP Get (ADJP rid (PP of (NP all the pictures)))) .)) (TOP (S (NP-SBJ The state) (VP (VP (ADVP-MNR obliquely) noted (SBAR that (S (NP-SBJ unsafe banking practices) (VP are (NP-PRD (NP grounds) (PP for (S-NOM (NP-SBJ *) (VP removing (NP an officer or director))))))))) and (VP closed (PP-CLR with (NP (NP (NP the admonition) (PP to (NP Mr. Paul))) : (S `` (NP-SBJ *) (VP Govern (NP yourself) (ADVP-MNR accordingly))))))) . '')) (TOP (S (NP-SBJ-1 The state agency) (VP was (VP (ADVP particularly) vexed (S (NP-SBJ *-1) (VP to (VP learn (SBAR that (S (NP-SBJ (NP the Rubens) and (NP (NP a half-dozen other paintings) (VP listed (NP *) (PP-LOC among (NP (NP the bank 's) `` furniture and fixtures , ''))))) (VP were (ADVP actually) (VP hanging (PP-LOC in (NP (NP the chairman 's) house))))))))))) .)) (TOP (S (NP-SBJ Mr. Paul) (VP says (SBAR (SBAR that (S (PP-TMP at (NP one point)) (NP-SBJ he) (VP did (ADVP indeed) (VP have (NP (NP eight or nine) (PP of (NP the paintings))) (PP-LOC at (NP home)))))) and (SBAR that (S (NP-SBJ the rest) (VP were (PP-LOC-PRD in (NP storage)) (PP-LOC at (NP (NP Sotheby 's)))))))) .)) (TOP (S (NP-SBJ He) (VP explains (SBAR that (S (NP-SBJ he) (VP was (VP `` (ADVP merely) storing (NP the paintings) (PP-LOC at (NP home)) -- (PP with (NP some display)) -- (PP-PRP because of (NP (NP the special dehumidified environment '') (VP required (NP *) (PP-PRP for (NP their safekeeping))))) , (SBAR-TMP until (S (NP-SBJ (NP CenTrust 's) new building) (VP was (ADJP-PRD ready (PP for (NP them))))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ the incident) (VP was (ADJP-PRD embarrassing)) .)) (TOP (S (NP-SBJ It) (VP came (PP-TMP on (NP (NP the heels) (PP of (NP (NP a number) (PP of (NP (NP local newspaper articles) (VP suggesting (SBAR that (S (NP-SBJ Mr. Paul) (VP has (VP benefited (ADVP-MNR handsomely) (PP-CLR from (NP (NP his association) (PP with (NP CenTrust)))))))))))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ he) (VP got (NP (NP a (ADJP (QP $ 3 million) *U*) loan) (VP *ICH*-2)) (PP from (NP the S&L)) , (VP-2 negotiated (NP *) (PP at (NP a below-market rate)))) .)) (TOP (S (NP-SBJ He) (VP owns (NP (NP 43 %) (PP of (NP (NP CenTrust 's) shares)))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Adding (PP-CLR to (NP (NP Mr. Paul 's) problems)))) , (NP-SBJ-1 (NP dealers) (PRN -LRB- (NP (NP some) (PP with (NP vested interests))) -RRB-)) (VP insist (SBAR that (S (NP-SBJ (NP he) , (VP relying (ADVP-MNR rather too heavily) (PP-CLR on (NP (NP Sotheby 's) advice))) ,) (VP paid (NP much too much) (PP-CLR for (NP (NP several pieces) (PP-LOC in (NP the CenTrust collection)))))))) .)) (TOP (S (NP-SBJ (NP The (QP $ 12 million) *U*) (VP lavished (NP *) (PP-CLR on (NP the Rubens)))) , (PP for (NP example)) , (VP was (NP-PRD (NP (NP a record price) (PP for (NP the artist))) and (NP (NP maybe twice its value) , (PP given (NP (NP a dispute) (PP among (NP scholars)) (PP about (NP its provenance))))))) .)) (TOP (S (NP-SBJ (NP David Tunick) , (NP (NP the president) (PP of (NP (NP David Tunick Inc.) , (NP a New York gallery) ,)))) (VP says (SBAR 0 (S (NP-SBJ scholars) (VP question (NP (NP the authenticity) (PP of (NP the Rubens))))))) .)) (TOP (S (NP-SBJ-1 It) (VP may (VP have (VP been (VP painted (NP *-1) (ADVP instead) (PP by (NP-LGS a Rubens associate)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The feeling) (PP among (NP (NP many experts) (PP-LOC on (NP the commercial side))))) (VP is (SBAR-PRD that (S (NP-SBJ (NP the price) (VP paid (NP *) (PP-TMP at (NP the time)))) (VP was (ADJP-PRD excessive) (PP in (NP any event))))))) , '' (NP-SBJ Mr. Tunick) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ It) (VP sounds (SBAR-CLR like (S (PP with (NP the Rubens)) (NP-SBJ-1 he) (VP got (VP (ADVP absolutely) taken (NP *-1) (PP-CLR to (NP the cleaners))))))) . '')) (TOP (S (NP-SBJ (NP Victor Wiener) , (NP (NP the executive director) (PP of (NP (NP the Appraisers Association) (PP of (NP America))))) ,) (VP (VP agrees (SBAR that (S (NP-SBJ Mr. Paul) (VP paid (ADVP-MNR very dearly) (PP-CLR for (NP the Rubens)))))) and (VP adds (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP getting (ADJP-PRD rid (PP of (NP it))) (ADVP-TMP (NP any time) soon) (PP for (NP a similar sum)))) (VP would (VP be (NP-PRD quite a feat))))))) .)) (TOP (S `` (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP 's not (PP-PRD beyond (NP credibility)) (SBAR-2 0 (S (NP-SBJ the Rubens) (VP will (NP-TMP someday) (VP be (ADJP-PRD worth (NP (QP $ 12 million) *U*)))))))) , but (S (SBAR-SBJ-1 whether (S (NP-SBJ-3 it) (VP could (VP be (VP sold (NP *-3) (PP-CLR for (NP that amount)) (NP-TMP tomorrow)))))) (VP remains (S (NP-SBJ-4 *-1) (VP to (VP be (VP seen (NP *-4))))))) . '')) (TOP (S (ADVP Still) , (NP-SBJ predicting) (VP is (ADJP-PRD tricky)) .)) (TOP (S `` (NP-SBJ-2 I) (VP 'm (ADVP forever) (VP dumbfounded (NP *-2) (PP by (SBAR-NOM-LGS (WHNP-1 what) (S (NP-SBJ I) (VP see (S (NP-SBJ *T*-1) (VP making (NP these high prices))))))))) . '')) (TOP (S (NP-SBJ (NP Jonathan H. Kress) , (NP (NP the son) (PP of (NP (NP (NP the painting 's) former owner) , (NP Mrs. Rush Kress) ,)))) (VP dismisses (NP the price talk) (PP-CLR as (NP `` sour grapes))) . '')) (TOP (S-1 (NP-SBJ-2 (NP Dealers) (ADJP contemptuous (PP of (NP the purchase price)))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (VP (VP were (NP-ADV themselves) (NP-PRD (ADJP interested (PP in (S-NOM (NP-SBJ *-2) (VP buying (NP the Rubens))))))) but (VP lost (PRT out))) .)) (TOP (S (NP-SBJ-1 Mr. Paul) , (PP for (NP his part)) , (VP defends (NP the Rubens price) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ (NP a lot) (PP of (NP the experts))) (VP have (ADVP-TMP never) (VP seen (NP (NP the thing) (NP itself))))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ (NP Most) (PP of (NP them))) (VP were n't (ADVP even) (VP born (NP (NP the last time) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 the painting) (VP was (VP displayed (NP *-1) (ADVP-MNR publicly) (ADVP-TMP *T*-2))))))))) , '' (NP-SBJ he) (VP says (S *T*-3)) .)) (TOP (S (S (NP-SBJ Art prices) (VP are (VP skyrocketing))) , but (S (NP-SBJ-1 (NP a good deal) (PP of (NP legerdemain))) (VP is (VP involved (NP *-1) (PP-CLR in (S-NOM (NP-SBJ *) (VP compiling (NP (NP statistics) (PP on (NP sales))))))))) .)) (TOP (S (NP-SBJ (NP Salomon Brothers Inc.) , (NP the investment-banking firm) ,) (PP-LOC in (NP (NP its annual tally) (PP of (NP investment returns)))) , (VP reported (SBAR that (S (NP-SBJ old masters) (VP appreciated (NP-EXT (NP 51 %) (NP *ICH*-4)) (PP-TMP in (NP (NP the year) (VP ended (NP-TMP June 1)))) , (NP-4 (NP the greatest return) (PP of (NP (NP any) (PP of (NP (NP 13 assets) (SBAR (WHNP-5 0) (S (NP-SBJ it) (VP tracked (NP *T*-5))))))))))))) .)) (TOP (S -LRB- (NP-SBJ-1 (NP Impressionist and modern paintings) , (VP not tracked (NP *) (PP by (NP-LGS Salomon))) ,) (VP are (VP ranked (NP *-1) (ADVP even higher) (PP-CLR at (NP 74 %)) (PP by (NP-LGS Sotheby 's)))) . -RRB-)) (TOP (S (NP-SBJ Salomon) , (ADVP moreover) , (VP gets (NP (NP its data) (PP on (NP art appreciation))) (PP-CLR from (NP (NP Sotheby 's) , (SBAR (WHNP-1 whose prices) (S (NP-SBJ *T*-1) (VP go (PRT up) (PP with (NP (NP clients) (PP like (NP Mr. Paul)) (PP-LOC in (NP its thrall)))))))))) .)) (TOP (S (NP-SBJ The percentages) (VP omit (PP from (NP consideration)) (NP (NP the many paintings) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP go (S (NP-SBJ *-2) (VP begging (PP-LOC at (NP auction))))))))) .)) (TOP (S (NP-SBJ Art indexes) (VP track (NP (NP winners) , not (NP losers))) .)) (TOP (S But (NP-SBJ-1 (NP art) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP has (VP fallen (ADVP-MNR sharply) (PP in (NP value))))))) (VP is (VP (ADVP-TMP rarely) put (NP *-1) (PP-PUT up (PP for (NP sale))))) .)) (TOP (S (ADVP Also) , (PP-LOC at (NP (NP any) (PP of (NP (NP (NP Sotheby 's) auctions) (PP of (NP old masters)))))) , (NP-SBJ (NP roughly (QP one-third to one-fifth)) (SBAR (WHPP-2 of (WHNP what)) (S (NP-SBJ-1 *T*-2) (VP is (VP offered (NP *-1)))))) (VP does n't (VP sell (PP-CLR at (NP any price)))) .)) (TOP (S (S (NP-SBJ It) (VP 's not (SBAR-PRD that (S (NP-SBJ there) (VP are n't (NP-PRD any bids)))))) , but (S (NP-SBJ the bids) (VP do n't (VP meet (NP (NP the minimum `` reserve '' prices) (VP set (NP *) (PP by (NP-LGS the sellers))))))) .)) (TOP (S (PP-TMP In (NP January)) , (NP-SBJ-2 (NP the Preti painting) (SBAR (WHNP-1 that) (S (ADVP-TMP now) (NP-SBJ *T*-1) (VP hangs (PP-LOC at (NP CenTrust)))))) (VP was (VP expected (S (NP-SBJ *-2) (VP to (VP bring (NP (QP no more than $ 700,000) *U*) (PP-LOC at (NP auction))))) (SBAR-TMP until (S (NP-SBJ Mr. Paul) (VP came (ADVP along) (PP with (NP his (QP $ 1.15 million) *U*))))))) .)) (TOP (S (NP-SBJ (NP Mr. Hall) (PP of (NP the Colnaghi gallery))) (VP says (SBAR 0 (S (NP-SBJ (QP $ 1.15 million) *U*) `` (VP would (VP have (VP been (NP-PRD (NP an impossible price) (SBAR (WHNP-1 0) for (S (NP-SBJ anyone) (VP to (VP ask (NP *T*-1) (PP-CLR for (NP a Preti)) (ADVP-TMP (NP four years) ago)))))))))))) . '')) (TOP (S But (PP from (NP his vantage point)) , (NP-SBJ it) (VP is n't (SBAR-PRD that (S (NP-SBJ (NP Mr. Paul) , (NP (NP (NP a customer) (PP of (NP his))) (ADVP too)) ,) (VP overpaid (PP-CLR for (NP (NP the work) , (NP (NP `` a gargantuan painting) (PP by (NP (NP an artist) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is not (NP-PRD a household word))))))))))))) . '')) (TOP (S -LRB- (NP-SBJ The painting) (VP is (ADJP-PRD (ADJP (NP 10 feet) wide) , (ADJP (NP seven feet) high))) . -RRB-)) (TOP (S (ADVP Rather) , `` (NP-SBJ It) (ADVP just) (VP shows (SBAR 0 (S (NP-SBJ things) (VP have (VP changed))))) . '')) (TOP (S (NP-SBJ Mr. Paul) (VP boasts (SBAR that (S (NP-SBJ he) (VP spotted (NP (NP bargains) (PP-LOC in (NP old masters)))) (SBAR-TMP just before (S (NP-SBJ they) (VP took (NP an upward turn))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ They) (VP went (PP up (NP 51 %) (NP-TMP last year)))) , and (S (NP-SBJ they) (VP 'll (VP do (NP it) (ADVP again) (NP-TMP this year))))) , '' (NP-SBJ he) (VP declares (S *T*-1)) .)) (TOP (S `` (NP-SBJ They) (VP were (NP-PRD a sleeper)) .)) (TOP (S (NP-SBJ-1 Everybody) (VP was (ADVP-LOC-PRD out (S (NP-SBJ *-1) (VP buying (NP Monets))))) . '')) (TOP (S (NP-SBJ (NP Sotheby 's) vice president Diana Levitt) (VP says (SBAR 0 (S (NP-SBJ the auction house) (VP has (VP been (VP `` assisting '' (NP-1 Mr. Paul) (PP-CLR in (S-NOM (NP-SBJ *-1) (VP selling (NP the paintings)))))))))) .)) (TOP (S-2 And (SBAR-ADV while (S (NP-SBJ-1 (NP (NP (NP Sotheby 's) chief rivals) (PP-LOC in (NP the art world))) , (NP private art dealers) ,) `` (VP wo n't (VP be (ADJP-PRD happy (S (NP-SBJ *-1) (VP to (VP hear (NP it))))))))) (PRN , '' (S (NP-SBJ she) (VP adds (SBAR 0 (S *T*-2)))) ,) `` (NP-SBJ-3 (NP a number) (PP of -LCB- (NP the artworks) -RCB-)) (VP have (ADVP already) (VP been (VP (VP sold (NP *-3) (PP-CLR=4 *NOT*)) , and (VP (PP-CLR-4 at (NP a substantial profit)))))) . '')) (TOP (S (NP-SBJ-1 Mr. Paul) (VP claims (S (NP-SBJ *-1) (VP to (VP have (VP sold (NP three paintings) , (PP-CLR at (NP (NP more) (PP than (NP a (ADJP 10 %) profit))))))))) .)) (TOP (S (S (NP-SBJ That) (VP is n't (NP-PRD 51 %))) , and (S (NP-SBJ-1 the claim) (VP is n't (VP documented (NP *-1)))) .)) (TOP (S (NP-SBJ He) (ADVP furthermore) (VP denies (SBAR that (S (NP-SBJ he) (VP relied (ADVP-MNR too heavily) (PP-CLR on (NP (NP Sotheby 's) or (NP Mr. Wachter))))))) .)) (TOP (S (NP-SBJ Mr. Paul) (VP says (SBAR (SBAR 0 (S (NP-SBJ he) (VP had (NP (NP not one (NX *RNR*-1)) but (NP four (NX *RNR*-1)) (NX-1 advisers))))) and (SBAR that (S (NP-SBJ he) (ADVP-TMP never) (VP bid (ADVP-MNR impulsively)))))) .)) (TOP (S (PP After (NP all)) , (NP-SBJ he) (VP had (NP (NP the counsel) (PP of (NP `` (NP curators) (PP from (NP (NP the (ADJP most reputable) museums) (PP-LOC in (NP the world)))))))) . '')) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ-2 he) (VP expects (S (NP-SBJ *-2) (VP to (VP sell (NP (NP the collection) -- (PP including (NP the controversial Rubens)) --) `` (ADVP-MNR carefully and prudently) , (SBAR-ADV just as (S (NP-SBJ-1 it) (VP was (VP put (NP *-1) (PRT together)))))))))))) . '')) (TOP (S But (PP-LOC in (NP art-world parlance)) , (NP-SBJ (NP Mr. Paul 's) holdings) (VP are (ADJP-PRD `` burnt)) . '')) (TOP (S (FRAG (S (NP-SBJ That) (VP is))) , (S (NP-SBJ-2 he) (VP (VP is (VP being (VP compelled (S (NP-SBJ *-2) (VP to (VP put (NP them) (PP-PUT on (NP the market)) (ADVP-TMP too soon))))))) , and (VP has (ADVP-TMP already) (VP gotten (NP (NP offers) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD (ADJP less) (SBAR than (S (NP-SBJ he) (VP paid (NP *?*) (PP-CLR for (NP (NP some) (PP of (NP the art works)))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (PP-TMP After (NP a few years)) , (NP-SBJ you) (VP can (VP argue (SBAR 0 (S (NP-SBJ there) (VP has (VP been (NP-PRD natural appreciation)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Susan Theran) , (NP (NP the publisher) (PP of (NP (NP Leonard 's) (NP (NP Annual Price Index) (PP of (NP Art Auctions))))))) .)) (TOP (S (S But (NP-SBJ (NP quick turnover) (PP-LOC in (NP artwork))) (VP is (PP-PRD `` like (S-NOM (NP-SBJ *) (VP pawning (NP your jewelry)))))) -- (S (NP-SBJ you) (VP end (PRT up) (PP-CLR with (NP 50 %)))) .)) (TOP (S (NP-SBJ-1 People) (VP (VP hold (PRT out)) and (VP try (S (NP-SBJ *-1) (VP to (VP get (NP a bargain)))))) . '')) (TOP (S (NP-SBJ Sotheby 's) (VP defends (NP (NP itself) and (NP Mr. Paul)) (PP-LOC in (NP the matter))) .)) (TOP (S (NP-SBJ Mr. Wachter) (VP says (SBAR 0 (S (NP-SBJ Mr. Paul) (VP was (NP-PRD (NP a quick study) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP worked (ADVP-MNR intensely)) and (VP bought (NP (NP the best pictures) (ADJP available (PP-TMP at (NP the moment))))))))))))) .)) (TOP (S-3 `` (S (PP-TMP On (NP occasion)) , (NP-SBJ he) (VP paid (NP a high price))) (PRN , '' (S (NP-SBJ Mr. Wachter) (VP concedes (SBAR 0 (S *T*-3)))) ,) but (S (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP bid (NP less)) and (VP dropped (PRT out)))))) (VP were (NP-PRD (NP dealers) (SBAR (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (VP would (ADVP then) (VP have (VP marked (PRT up) (NP the paintings) (S-PRP (NP-SBJ *-4) (VP to (VP resell (NP them) (PP-CLR at (NP a profit)) (PP-DTV to (NP collectors)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Naomi Bernhard Levinson) , (NP (NP a fine-arts appraiser) (PP-LOC at (NP (NP Bernhard Associates) (PP-LOC in (NP San Francisco))))) ,) (VP considers (S (NP-SBJ (NP it) (SBAR *EXP*-2)) `` (NP-PRD (NP definite conflict) (PP of (NP interest))) (SBAR-2 for (S (NP-SBJ an auction house) (VP (VP to both (VP advise (NP a client) (PP-CLR on (NP purchases)))) and (VP to (VP set (NP price estimates) (PP-CLR on (NP (NP the paintings) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP purchased (NP *-1))))))))))))))) . '')) (TOP (S-1 (NP-SBJ Sotheby 's) (PRN , (S (NP-SBJ she) (VP says (SBAR 0 (S *T*-1)))) ,) (VP is (VP `` wearing (NP both hats))) . '')) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP ca n't (VP see (SBAR (WHADVP-1 why) (S (NP-SBJ there) (VP would (VP be (NP-PRD (NP a conflict) (PP of (NP interest))) (ADVP-PRP *T*-1)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Sotheby 's) Ms. Levitt) .)) (TOP (S `` (NP-SBJ-1 Estimates) (VP (VP are (VP based (NP *-1) (PP-CLR on (NP (NP the previous price) (PP of (NP (NP (NP similar works) (VP sold (NP *) (PP-LOC at (NP auction)))) and (NP current market conditions))))))) , and (VP are not (ADJP-PRD affected (PP by (NP (NP any knowledge) (PP of (SBAR-NOM (WHNP-2 who) (S (NP-SBJ the potential buyer) (VP could (VP be (NP-PRD *T*-2))))))))))) . '')) (TOP (S-3 (S (ADVP-TMP Frequently) , (NP-SBJ-2 clients) (VP (VP express (NP (NP interest) (PP in (NP paintings)))) but (VP do n't (VP end (PRT up) (S (NP-SBJ *-2) (VP bidding)))))) (PRN , (S (NP-SBJ she) (VP adds (SBAR 0 (S *T*-3)))) ,) (S `` so (NP-SBJ we) (VP do n't (VP know (SBAR (WHNP-1 who) (S (NP-SBJ the potential buyer) (VP will (VP be (NP-PRD *T*-1)))))))) . '')) (TOP (S (NP-SBJ-1 Mr. Paul) , (PP in (S-NOM (NP-SBJ *-1) (VP selling (PRT off) (NP his paintings)))) , (VP is (VP seeking (NP (NP (ADVP at least) a (ADJP 15 %) return) (PP on (NP (NP the bank 's) investment))) , (SBAR-PRP so as (S (NP-SBJ *-1) (VP to (VP prove (SBAR that (S (NP-SBJ the venture) (VP was (ADJP-PRD sound)))))))))) .)) (TOP (S (NP-SBJ Mr. Paul) (VP says (SBAR (SBAR that (S (NP-SBJ he) (VP has (NP (NP feelers) (ADJP out (PP-LOC over (NP (NP much) (PP of (NP the globe))))))))) and (SBAR that (S (NP-SBJ (NP potential buyers) (PP from (PP as (ADVP far away (PP as (NP Japan and Italy)))))) (VP have (VP examined (NP the collection))))))) .)) (TOP (S (PP-PRP Because of (NP (NP the pressure (S *ICH*-1)) (PP on (NP CenTrust)) (S-1 (NP-SBJ *) (VP to (VP sell))))) , (NP-SBJ-2 dealers and collectors) (VP have (VP been (VP trying (S (NP-SBJ *-2) (VP to (VP get (NP the paintings) (PP at (NP bargain-basement prices)))))))) .)) (TOP (S But (ADVP so far) , (NP-SBJ-1 (NP Mr. Paul) and (NP his advisers)) (VP are (VP holding (S-CLR (NP-SBJ *-1) (ADVP-PRD fast)))) .)) (TOP (S (NP-SBJ (NP One dealer) , (NP (NP Martin Zimet) (PP of (NP (NP French & Co.) (PP-LOC in (NP New York))))) ,) (VP says (SBAR 0 (S (NP-SBJ-1 he) `` (VP would (VP have (VP loved (S (NP-SBJ *-1) (VP to (VP buy '' (NP a Jan Davids de Heem painting) (PP-CLR from (NP the bank))))))))))) .)) (TOP (S `` (S (NP-SBJ-1 I) (VP tried (S (NP-SBJ *-1) (VP (VP to (VP steal (NP the picture))) (PRN -- (VP to (VP buy (NP it) (ADVP-MNR attractively))) --))))) and (S -LCB- (NP-SBJ Sotheby 's) -RCB- (VP would n't (VP do (NP it)))) .)) (TOP (S (NP-SBJ They) (VP were (VP protecting (NP his interests))) . '')) (TOP (S (ADVP Meanwhile) , (NP-SBJ (NP Mr. Paul) and (NP CenTrust executives)) (VP are (VP getting (ADJP-PRD squeamish (PP about (NP opulence))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 Mr. Paul) (VP has (VP been (VP characterized (NP *-1) (PP as (NP `` (NP the Great Gatsby) or (NP something))))))) , '' (VP complains (SBAR 0 (S *T*-2))) (NP-SBJ (NP Karen E. Brinkman) , (NP (NP an executive vice president) (PP of (NP CenTrust)))) .)) (TOP (S-1 (NP-SBJ The media) (PRN , (S (NP-SBJ she) (VP says (SBAR 0 (S *T*-1)))) ,) (VP have (VP distorted (NP his personal life))) .)) (TOP (S (NP-SBJ Mr. Paul) (VP nods (PP in (NP agreement))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ I) (VP have (NP (NP a life style) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is , (ADVP frankly) , (ADJP-PRD so flamboyant))))))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S But (PP-TMP at (NP just that moment)) , (NP-SBJ-1 he) (VP is (VP interrupted (NP *-1) (PP-LOC in (NP his office)) (PP by (NP-LGS (NP (NP a servant) (PP in (NP tuxedo))) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP (VP pours (NP (NP coffee) (PP from (NP silver))) (PP-DIR into (NP (NP a cup) (PP of (NP china))))) and (VP dabs (NP the brim) (PP with (NP linen)))))))))) .)) (TOP (S (NP-SBJ Mr. Paul) (VP says , (SBAR 0 (S (INTJ yes) , (NP-SBJ (NP the ceiling) (PP-LOC in (NP his executive suite))) (VP is (NP-PRD gold-leaf inlay))))) .)) (TOP (S (NP-SBJ-1 The offices) (VP are (VP done (NP *-1) (PP-MNR in (NP (NP (NP hardwood) and (NP oriental rugs)) , (NP leatherbound books) and , (PP of (NP course)) , (NP a (ADJP (QP $ 12 million) *U*) Rubens))))) .)) (TOP (S But (NP-SBJ he) (VP implores (SBAR that (S (NP-SBJ-1 the splendor) (VP be (VP played (NP *-1) (PRT down)))))) .)) (TOP (S `` (NP-SBJ *) (VP Do n't (VP say (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD a gold ceiling)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ *) (ADVP Just) (VP say (SBAR 0 (S (NP-SBJ the offices) (VP are (ADJP-PRD tastefully appointed)))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (S (ADVP Otherwise) , (NP-SBJ the regulators) (VP will (VP take (NP it) (PP-CLR for (NP decadence))))) , and (S (ADVP-TMP nowadays) (NP-SBJ-1 everything) (VP 's (VP got (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD pristine))))))) . '')) (TOP (S (NP-SBJ Figures) (VP do n't (VP include (NP (NP taxes) or (NP transaction costs)))) .)) (TOP (S (NP-SBJ (NP Companies) (VP listed (NP *) (ADVP-LOC below))) (VP reported (NP (NP quarterly profit) (ADJP substantially different (PP from (NP (NP the average) (PP of (NP (NP analysts ') estimates))))))) .)) (TOP (S (NP-SBJ-1 The companies) (VP (VP are (VP followed (NP *-1) (PP by (NP-LGS (QP at least three) analysts)))) , and (VP had (NP (NP a minimum five-cent change) (PP in (NP (NP actual earnings) (PP per (NP share))))))) .)) (TOP (S (NP-SBJ-1 (NP (ADJP Estimated and actual) results) (VP involving (NP losses))) (VP are (VP omitted (NP *-1))) .)) (TOP (S (NP-SBJ The percent difference) (VP compares (NP actual profit) (PP-CLR with (NP (NP the 30-day estimate) (SBAR (WHADVP-1 where) (S (NP-SBJ (QP at least three) analysts) (VP have (VP issues (NP forecasts) (PP-TMP in (NP the past 30 days)) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (ADVP Otherwise) , (NP-SBJ-1 actual profit) (VP is (VP compared (NP *-1) (PP-CLR with (NP the 300-day estimate)))) .)) (TOP (S -LCB- (PP-TMP During (NP its centennial year)) , (NP-SBJ The Wall Street Journal) (VP will (VP report (NP (NP events) (PP of (NP the past century)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stand (PP-CLR as (NP (NP milestones) (PP of (NP American business history)))))))))) . -RCB-)) (TOP (S (NP-SBJ (NP CREATIVE ACCOUNTING) , (PP (ADVP mostly) by (NP conglomerates)) ,) (VP forced (S (NP-SBJ CPAs) (VP to (VP change (NP (NP their way) (PP of (S-NOM (NP-SBJ *) (VP setting (NP (NP (NP standards) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP followed (NP *-1) (PP by (NP-LGS (NP corporations) (VP reporting (NP financial results)))))))))) , (NP (NP standards) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP had (VP become (ADJP-PRD all too flexible))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The new Financial Accounting Standards Board) (PRN -LRB- (NP FASB) -RRB-)) (VP was (VP created (NP *-1) (PP-TMP in (NP 1972)) (S-PRP (NP-SBJ *-1) (VP to (VP replace (NP (NP the Accounting Principles Board) (PP of (NP (NP the American Institute) (PP of (NP Certified Public Accountants)))))))))) .)) (TOP (S (NP-SBJ (NP All) (PP of (NP (NP the former board 's) members))) (VP were (NP-PRD CPAs) , (S-ADV (NP-SBJ *) (VP provoking (NP conflict-of-interest criticism) (SBAR-PRP because (S (NP-SBJ-1 they) (VP were (VP writing (NP rules) (SBAR-TMP while (S (NP-SBJ *-1) (VP handling (NP (NP clients ') books) (PP-TMP at (NP the same time)))))))))))) .)) (TOP (S (S (NP-SBJ (NP The new board 's) seven-member structure) (VP kept (NP four CPAs))) , but (S (NP-SBJ the others) (VP were (PP-PRD from (NP industry and academia)))) .)) (TOP (S (NP-SBJ (NP Francis M. Wheat) , (NP a former Securities and Exchange Commission member) ,) (VP headed (NP (NP the panel) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (VP (VP studied (NP the issues) (PP-TMP for (NP a year))) and (VP proposed (NP the FASB) (PP-TMP on (NP (NP March 30) , (NP 1972)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The former board) (VP had (VP produced (NP `` (NP 21 opinions) and (NP 1,000 critics) '') (PP-TMP in (NP its 12-year life))))) , (NP-SBJ its chairman) (VP had (VP conceded (SBAR 0 (S *T*-1)))) .)) (TOP (S (NP-SBJ (NP The climate) (PP *ICH*-1)) (VP was (ADJP-PRD right) (PP-1 for (NP the new FASB))) .)) (TOP (S (PP-TMP In (NP the late 1960s)) (NP-SBJ-2 some CPAs) (VP failed (S (NP-SBJ *-2) (VP to (VP correct (NP (NP such abuses) (PP as (S-NOM (NP-SBJ clients) (VP picking (NP (NP permissive rules) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP hyped (NP (NP earnings) and (NP stock prices)))))))))))))) .)) (TOP (S And (PP-TMP in (NP November 1970)) (NP-SBJ-1 Congress) (VP had (VP passed (NP a special act) (S-PRP (NP-SBJ *-1) (VP to (VP overrule (NP one board rule)))))) .)) (TOP (S (ADVP Also) , (NP-SBJ (NP James Needham) , (NP an SEC commissioner) ,) (PP-TMP in (NP April 1972)) (VP had (VP warned (SBAR that (S (NP-SBJ the industry) (VP might (VP face (NP (NP a `` federal agency) (VP writing (NP accounting rules) '')) (SBAR-ADV if (S (NP-SBJ they) (VP rejected (NP the FASB idea)))))))))) .)) (TOP (S (NP-SBJ (NP (NP Keepers) (PP of (NP the books))) , (VP dubbed (S (NP-SBJ *) (NP-PRD `` figure filberts))) , '') (VP loathed (NP the threat)) .)) (TOP (S (NP-SBJ The FASB) (VP had (NP its initial meeting) (PP-TMP on (NP (NP March 28) , (NP 1973)))) .)) (TOP (S (S (PP-TMP On (NP (NP Dec. 13) , (NP 1973))) , (NP-SBJ it) (VP issued (NP its first rule))) ; (S (NP-SBJ it) (VP required (S (NP-SBJ companies) (VP to (VP disclose (NP (NP foreign currency translations) (PP-LOC in (NP U.S. dollars)))))))) .)) (TOP (S (S (NP-SBJ The FASB) (PP-TMP since (ADVP then)) (VP has (VP issued (NP 102 rules)))) , and (S (NP-SBJ some) (ADVP-TMP still) (VP rile (NP industry))) .)) (TOP (S (PP-TMP Since (NP late 1987)) , (PP for (NP example)) , (NP-SBJ it) (VP has (VP put (PRT off) (NP (NP a rule) (VP dealing (PP-CLR with (NP deferred income taxes)))) (PP-PRP because of (NP (NP the continuing controversy) (PP over (NP the issue)))))) .)) (TOP (S (NP-SBJ Amcast Industrial Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP repurchase (NP (NP 500,000 shares) , or (NP (NP (QP about 7) %) (PP of (NP (NP its shares) (ADJP outstanding)))) ,) (PP-LOC in (NP open market transactions))))))))) .)) (TOP (S (NP-SBJ The metal products concern) (ADVP-TMP currently) (VP has (NP (NP (QP 7.2 million) common shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ Amcast) (VP (VP (ADVP-TMP previously) had (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP planned (S (NP-SBJ *-1) (VP to (VP repurchase (NP shares))))))))) , but (VP did n't (VP disclose (UCP (FRAG (WHADVP when)) or (SBAR (WHNP-3 (ADJP (WHADVP how) many) shares) (S (NP-SBJ-2 it) (VP intended (S (NP-SBJ *-2) (VP to (VP buy (NP *T*-3) (PRT back))))))))))) .)) (TOP (S (NP-SBJ The company) (VP named (NP Dillon Read & Co.) (PP-CLR as (NP (NP its exclusive agent) (PP for (NP the stock buy-back program))))) .)) (TOP (S (NP-SBJ-1 (NP A seat) (PP-LOC on (NP (NP the Chicago Board) (PP of (NP Trade))))) (VP was (VP sold (NP *-1) (PP-CLR for (NP $ 390,000 *U*)) , (ADVP down (NP $ 5,000 *U*) (PP from (NP the previous sale) (NP-TMP last Tuesday))))) .)) (TOP (S (NP-SBJ-1 Seats) (ADVP-TMP currently) (VP are (VP quoted (NP *-1) (PP-CLR at (NP (NP (NP $ 353,500 *U*) (VP bid (NP *))) , (NP (NP $ 405,000 *U*) (VP asked (NP *))))))) .)) (TOP (S (NP-SBJ-1 (NP The record price) (PP for (NP (NP a full membership) (PP-LOC on (NP the exchange))))) (VP is (NP-PRD $ 550,000 *U*) , (S-ADV (NP-SBJ-2 *-1) (VP set (NP *-2) (NP-TMP (NP Aug. 31) , (NP 1987))))) .)) (TOP (S (NP-SBJ-1 An associate member seat) (VP was (VP sold (NP *-1) (PP-CLR for (NP $ 228,000 *U*)) , (ADVP up (NP $ 8,000 *U*) (PP from (NP the previous sale) (NP-TMP Oct. 4))))) .)) (TOP (S (NP-SBJ-1 Associate member seats) (ADVP-TMP currently) (VP are (VP quoted (NP *-1) (PP-CLR at (NP (NP (NP $ 225,000 *U*) (VP bid (NP *))) , (NP (NP $ 256,000 *U*) (VP asked (NP *))))))) .)) (TOP (S (NP-SBJ-1 (NP The record price) (PP for (NP associate membership))) (VP is (NP-PRD $ 275,000 *U*) , (S-ADV (NP-SBJ-2 *-1) (VP set (NP *-2) (NP-TMP Aug. 30 , 1988)))) .)) (TOP (S (NP-SBJ CAE Industries Ltd.) (VP said (SBAR 0 (S (NP-SBJ-2 its Link Flight Simulation division) (VP was (VP awarded (NP *-2) (NP (NP a contract) (PP *ICH*-1)) (PP by (NP-LGS the U.S. Army)) (PP-1 for (NP (NP two helicopter simulators) , (SBAR (WHNP-3 which) (S (NP-SBJ the company) (VP valued (NP *T*-3) (PP-CLR at (NP (NP (QP as much as 37 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 31.5 million) *U*) -RRB-))))))))))))) .)) (TOP (S (NP-SBJ CAE) (VP said (SBAR 0 (S (NP-SBJ (NP the fixed price) (PP for (NP (NP the first) (PP of (NP the AH-64 Apache combat mission simulators))))) (VP is (NP-PRD (QP C$ 19 million) *U*))))) .)) (TOP (S (NP-SBJ-1 It) (VP is (VP scheduled (NP *-1) (PP-CLR for (NP delivery)) (PP-TMP in (NP late 1991)))) .)) (TOP (S-1 (NP-SBJ (NP The price) (PP of (NP the second simulator))) (VP ranges (PP between (NP (NP (QP C$ 16.4 million) *U*) and (NP (QP C$ 18 million) *U*))) (PRN , (S (NP-SBJ CAE) (VP said (SBAR 0 (S *T*-1)))) ,) (S-ADV (NP-SBJ *) (VP depending (PP-CLR on (SBAR (WHADVP-2 when) (S (NP-SBJ the Army) (VP exercises (NP its option) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (NP-SBJ CAE) (VP is (NP-PRD (NP a Toronto-based maker) (PP of (NP (NP commercial and military aircraft simulators) and (NP training equipment))))) .)) (TOP (S (NP-SBJ Helionetics Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ-2 *-1) (VP to (VP team (PP-CLR with (NP (NP a unit) (PP of (NP Minneapolis-based Honeywell Inc.)))) (S-PRP (NP-SBJ *-2) (VP to (VP provide (NP power amplifiers) (PP-CLR for (NP (NP a new military sonar system) (VP being (VP proposed (NP *) (PP by (NP-LGS Honeywell)))))))))))))))) .)) (TOP (S-2 (S (NP-SBJ (NP Total value) (PP of (NP the contract))) (VP could (VP be (NP-PRD (QP $ 100 million) *U*)))) (PRN , (S (NP-SBJ Helionetics) (VP said (SBAR 0 (S *T*-2)))) ,) and (S (NP-SBJ (NP work) (PP on (NP the project))) (VP would (VP be (ADJP-PRD (ADVP about evenly) divided)))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ *) (VP (ADVP-TMP previously) reported))) , (NP-SBJ Helionetics) (VP emerged (PP-CLR from (NP Chapter 11 bankruptcy-law protection)) (PP-TMP in (NP February))) .)) (TOP (S (NP-SBJ (NP This Los Angeles company) and (NP its Union Federal Savings Bank subsidiary)) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (QP more than 99) %) (PP of (NP (NP their (ADJP (QP 7 1) %) convertible subordinated debentures) (ADJP due (NP 2011))))) (VP were (VP tendered (NP *-1) (PP-PRP for (NP (NP conversion) (PP into (NP UnionFed common stock))))))))) .)) (TOP (S (NP-SBJ The conversion) (VP increased (NP total equity capital) (PP by (NP (QP about $ 38.5 million) *U*)) (PP-CLR to (NP (NP a total) (PP of (NP (QP $ 156.8 million) *U*))))) .)) (TOP (S (NP-SBJ (NP Union Federal) , (NP a (ADJP federally insured) savings bank) ,) (VP has (NP (NP (QP $ 2.4 billion) *U*) (PP in (NP assets)))) .)) (TOP (S (NP-SBJ-1 David D. Lung) (VP was (VP appointed (S (NP-SBJ *-1) (NP-PRD (NP president and chief operating officer) (PP of (NP (NP this maker) (PP of (NP (NP building materials) (PP for (NP (NP manufactured homes) and (NP recreational vehicles))))))))))) .)) (TOP (S (PP As (NP president)) , (NP-SBJ (NP Mr. Lung) , (ADJP (NP 42 years) old) ,) (VP succeeds (NP (NP his father) , (NP Mervin D. Lung) , (NP 66) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP founded (NP the company) (PP-TMP in (NP 1959))))))) .)) (TOP (S (NP-SBJ Mervin Lung) (VP remains (NP-PRD chairman and chief executive officer)) .)) (TOP (S (NP-SBJ David Lung) (VP (VP has (VP been (PP-PRD with (NP Patrick)) (PP-TMP since (NP 1970)))) , and (VP has (VP served (PP-CLR as (NP (NP vice president) (PP for (NP administration and purchasing)))) (PP-TMP since (NP 1987))))) .)) (TOP (S (NP-SBJ (NP General Dynamics Services Co.) , (NP (NP a unit) (PP of (NP General Dynamics Corp.))) ,) (VP won (NP a (ADJP (QP $ 48.2 million) *U*) Army contract (S (NP-SBJ *) (VP to (VP establish (NP (NP maintenance facilities) (PP for (NP tracked vehicles))) (PP-LOC in (NP Pakistan))))))) .)) (TOP (S (NP-SBJ-1 Grumman Corp.) (VP was (VP given (NP *-1) (NP (NP a (ADJP (QP $ 15 million) *U*) Navy contract) (PP for (NP aircraft-electronics improvements))))) .)) (TOP (S (NP-SBJ (NP Hughes Aircraft Co.) , (NP (NP a unit) (PP of (NP General Motors Corp.))) ,) (VP got (NP (NP a (ADJP (QP $ 10.3 million) *U*) Air Force contract) (PP for (NP airborne-radar equipment)))) .)) (TOP (S (NP-SBJ Reynolds Metals Co.) (VP said (SBAR 0 (S (NP-SBJ third-quarter net income) (VP dropped (NP-EXT (QP nearly 10) %) (PP-DIR to (NP (NP (QP $ 123.7 million) *U*) , or (NP (NP $ 2.10 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 137.2 million) *U*) , or (NP (NP $ 2.56 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ The latest earnings) (VP reflect (NP (NP an increase) (PP of (NP (QP about 5.5 million))) (PP in (NP (NP common shares) (ADJP outstanding))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 3 %) (PP-DIR to (NP (QP $ 1.52 billion) *U*)) (PP-DIR from (NP (QP $ 1.48 billion) *U*))) .)) (TOP (S (NP-SBJ Reynolds) (VP is (S-PRD (NP-SBJ the third big aluminum company) (PP-TMP since (NP Friday)) (VP to (VP report (NP disappointing earnings))))) .)) (TOP (S (NP-SBJ (NP The No. 1 domestic aluminum producer) , (NP (NP Aluminum Co.) (PP of (NP America))) ,) (NP-TMP Friday) (VP said (SBAR 0 (S (NP-SBJ its earnings) (VP fell (NP-EXT 3.2 %) (PP-DIR to (NP (NP (QP $ 219 million) *U*) , or (NP (NP $ 2.46 *U*) (NP-ADV a share)))))))) .)) (TOP (S And (NP-SBJ Alcan Aluminium Ltd.) (NP-TMP yesterday) (VP reported (SBAR 0 (S (NP-SBJ net income) (VP slid (NP-EXT 30 %) (PP-DIR to (NP (NP (QP $ 180 million) *U*) , or (NP (NP 77 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 258 million) *U*) , or (NP (NP $ 1.07 *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ Analysts) (PP on (NP average)) (VP had (VP been (VP expecting (NP (NP (NP (QP about $ 2.70) *U*) (PP for (NP Alcoa))) and (NP (NP $ 1 *U*) (PP for (NP Alcan))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP 's (NP-PRD a good indication (SBAR that (S (NP-SBJ (NP level) (PP of (NP profitability))) (VP has (VP peaked (PP for (NP the industry))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Vahid Fathi) , (NP (NP metals analyst) (PP with (NP Prescott , Ball & Turben Inc.))) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP estimated (SBAR 0 (S (NP-SBJ Reynolds) (VP would (VP earn (NP (NP (QP about $ 2.35) *U*) (NP-ADV a share))))))))))) .)) (TOP (S (NP-SBJ (NP The nation 's) No. 2 aluminum company) (VP said (SBAR 0 (S (NP-SBJ-1 earnings) (VP were (VP hurt (NP *-1) (PP by (NP-LGS (NP lower prices) (PP for (NP (NP certain fabricated aluminum products) , (SBAR (WHNP-2 which) (S (ADVP typically) (NP-SBJ *T*-2) (VP follow (NP (NP price fluctuations) (PP of (NP primary ingots))))))))))))))) .)) (TOP (S (NP-SBJ The base metal price) (VP has (VP dropped (NP-EXT 30.3 %) (PP-DIR from (ADVP-TMP (NP a year) earlier)) (PP-DIR to (NP (NP 78 cents) (NP-ADV a pound))))) .)) (TOP (S (S (NP-SBJ-1 (NP Much) (PP of (NP the price decline))) (VP has (VP been (VP blamed (NP *-1) (PP-CLR on (NP a slowing economy)))))) and (S (NP-SBJ the third quarter) (VP is (ADVP typically) (NP-PRD (NP the industry 's) slowest period))) .)) (TOP (S But (NP-SBJ (NP William O. Bourke) , (NP (NP chairman) and (NP chief executive officer)) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the ingot price) (VP `` appears (S (NP-SBJ *-1) (VP to (VP have (VP bottomed (PRT out))))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR (SBAR 0 (S (NP-SBJ shipments) (VP are (VP continuing (PP-MNR at (NP a `` healthy '' pace)))))) and (SBAR 0 (S (NP-SBJ the company) (VP has (NP no excess inventory)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Aluminum shipments) (PP of (NP 329,600 metric tons))) (VP were (ADJP-PRD nearly equal (PP to (NP the year-earlier period))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ the company) (VP said (SBAR that (S (PP-TMP in (NP the latest quarter)) (NP-SBJ there) (VP were (NP-PRD (NP increased material and labor costs) , (PP including (NP a new employee profit-sharing plan))))))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ Reynolds) (VP closed (PP-CLR at (NP $ 55.375 *U*)) , (ADVP up (NP $ 1.25 *U*))) .)) (TOP (NP (NP No strikeout) , but (NP (ADVP certainly) no home run) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRD (WHADVP-1 how) (S (NP-SBJ the stock-picking game) (VP is (VP shaping (PRT up) (PP-TMP for (NP the months ahead)) (ADVP-MNR *T*-1) , (PP according (PP to (NP (NP money managers) and (NP a few brokers))))))))) .)) (TOP (S (NP-SBJ (NP (NP Yesterday 's) 88-point recovery) (PP from (NP (NP (NP Friday 's) megadrop) (PP-LOC in (NP the Dow Jones industrials))))) (VP had (NP (NP many brokerage houses) (VP proclaiming (SBAR that (S (NP-SBJ stocks) (VP are (NP-PRD a good bargain) (ADVP-TMP again))))))) .)) (TOP (S But (NP-SBJ quite a few money managers) (VP are n't (VP buying (NP it))) .)) (TOP (S-1 (NP-SBJ Weakening corporate earnings) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-1)))) ,) (VP are (NP-PRD (NP no prescription) (PP for (NP a bull market)))) .)) (TOP (SINV (S-TPC-3 `` (NP-SBJ-2 The stock market) (VP ai n't (VP going (S (NP-SBJ *-2) (VP to (VP do (NP (NP much) (PP of (NP anything))) '' (PP-TMP for (NP a while)))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP John Neff) (PP of (NP Wellington Management)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP the (ADJP (QP $ 8.3 billion) *U*) Windsor Fund))))) .)) (TOP (S (NP-SBJ He) (VP suspects (SBAR that (S (NP-SBJ (NP Friday 's) market decline) (VP may (VP have (NP (NP a second leg) , (NP perhaps a (ADJP (QP 10 % to 15) %) drop)) (ADVP-TMP later on)))))) .)) (TOP (S (NP-SBJ Mr. Neff) (VP says (SBAR 0 (S (NP-SBJ the stock market) (VP has (VP lost (NP (NP some powerful driving forces) , (ADVP namely) (NP (NP earnings growth) and (NP (NP the `` LBO sweepstakes '') -- (NP (NP buy-out fever) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP induced (S (NP-SBJ investors) (VP to (VP bid (PRT up) (NP (NP whole groups) (PP of (NP stocks)) , (PP such as (NP media and airlines)))))))))))))))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *-1) (VP sitting (PP with (NP (NP 20 %) (PP of (NP his fund)) (PP in (NP cash)))) (PP-TMP before (NP (NP Friday 's) sell-off))))) , (NP-SBJ-1 Mr. Neff) (VP says (SBAR 0 (S (NP-SBJ he) (VP bought (NP `` (NP a narrow list) (PP of (NP stocks)) '') (NP-TMP yesterday))))) .)) (TOP (S (PP With (NP (NP flat corporate profits) (PP-LOC on (NP (NP the horizon) (PP for (NP 1990)))))) , (NP-SBJ money managers) (VP say (SBAR 0 (S (NP-SBJ-2 (NP price-earnings multiples) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP look (ADJP-PRD cheap) (NP-TMP today))))) (VP might (VP go (PRT on) (S (NP-SBJ *-2) (VP being (ADJP-PRD cheap) (PP-TMP for (NP a long time))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ This) (VP is not (NP-PRD a (ADJP grossly overvalued) market))) , but (S (NP-SBJ it) (VP 's not (ADJP-PRD cheap) (ADVP either)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP George Collins) , (NP (NP president) (PP of (NP (NP the mutual fund company) (NP (NP T. Rowe Price Associates) (PP-LOC in (NP Baltimore))))))) .)) (TOP (S (PP According (PP to (NP Institutional Brokers Estimate System))) , (NP-SBJ Wall Street market strategists) (VP see (NP (NP only a (ADJP 2.4 %) jump) (PP in (NP company profits)) (PP-TMP in (NP 1990)) -- (ADJP unlike (PP-TMP in (NP (NP 1987) , (SBAR (WHADVP-1 when) (S (S (NP-SBJ (NP profits) (ADJP (NP-ADV a year) out)) (VP looked (ADJP-PRD good) (ADVP-TMP *T*-1))) (PRN -LRB- (S (NP-SBJ they) (VP did (VP soar (NP-EXT 36 %) (PP-TMP in (NP 1988))))) -RRB-)))))))) .)) (TOP (S (NP-SBJ Bulls) (VP say (SBAR 0 (S (NP-SBJ-1 the market) (VP is (NP-PRD an incredible bargain) , (S-ADV (NP-SBJ *-1) (VP priced (PP-CLR at (NP (NP (QP only about 12 times) estimated 1989 earnings) (PP for (NP (NP stocks) (PP-LOC in (NP (NP the Standard & Poor 's) 500 index)))))))))))) .)) (TOP (S (PP-TMP Before (NP the 1987 crash)) , (NP-SBJ the P/E) (VP was (NP-PRD (QP more than 20))) .)) (TOP (S-1 (NP-SBJ The common view) (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Abby Cohen) , (NP (NP strategist) (PP for (NP Drexel Burnham Lambert))) ,))) (VP is (SBAR-PRD that (S (S (NP-SBJ there) (VP will (VP be (NP-PRD `` (NP mild economic growth) , (NP modest profit expansion))))) , and (S (NP-SBJ-2 things) (VP are (VP going (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD hunky-dory)))))))))) .)) (TOP (S (NP-SBJ Our view) (VP is (SBAR-PRD that (S (NP-SBJ we) (VP may (VP see (NP a profit decline)))))) . '')) (TOP (S (NP-SBJ Some) (VP think (SBAR 0 (S (NP-SBJ investors) (VP should (VP sell (PP-CLR into (NP rallies))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ-2 The market) `` (VP is (VP going (S (NP-SBJ *-2) (VP to (VP wind (ADVP down))))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Gerald W. Perritt) , (NP a Chicago money manager)) .)) (TOP (S `` (NP-SBJ Things) (VP are (ADJP-PRD (ADVP (NP-ADV a little) less) overpriced) '' (PP-TMP after (NP (NP (NP Friday 's) jolt) (PP-LOC in (NP the market))))) .)) (TOP (S (NP-SBJ He) (VP expects (S (NP-SBJ stocks) (VP to (VP decline (NP an (QP additional 5) %) (PP-DIR to (NP 30 %)) , (PP with (S-NOM (NP-SBJ the Dow) (VP (ADVP perhaps) bottoming (PRT out) (PP-LOC between (NP 2000 and 2100)) (PP `` between (UCP-TMP (ADVP-TMP now) and (NP-TMP June)))))))))) . '')) (TOP (S (PP-TMP After (NP (NP Friday 's) decline)) , (NP-SBJ-2 (NP Mr. Perritt 's) firm) (VP ran (NP statistical tests) (PP-CLR on (NP 100 high-quality stocks)) , (S-ADV (NP-SBJ *-2) (VP using (NP (NP old-fashioned value criteria) (VP devised (NP *) (PP by (NP-LGS (NP Benjamin Graham) , (NP (NP (NP an analyst and author) (PP-TMP in (NP the 1930s and 1940s))) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP is (ADJP-PRD widely considered (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP the father) (PP of (NP modern securities analysis)))))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP found (NP (NP (NP 85) (VP (ADVP-TMP still) overvalued (NP *))) and (NP (NP 15) (VP (ADVP-MNR fairly) valued (NP *))))) .)) (TOP (S (NP-SBJ (NP Nicholas Parks) , (NP a New York money manager) ,) (VP expects (S (NP-SBJ the market) (VP to (VP decline (NP-EXT (QP about 15) %))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ I) (VP 've (VP been (NP-PRD (NP two-thirds) (PP in (NP cash))) (PP-TMP since (NP July))))) , and (S (NP-SBJ-1 I) (VP continue (S (NP-SBJ *-1) (VP to (VP think (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP having (NP a defensive position))) (VP is (ADJP-PRD appropriate)))))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ-2 (NP Companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP piled (PRT on) (NP debt) (PP-LOC in (NP leveraged buy-outs)) (PP-TMP during (NP the past two years)))))) `` (VP will (VP continue (S (NP-SBJ *-2) (VP to (VP surface (PP-CLR as (NP business problems))))))) . '')) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP Generalizations) (PP about (NP value))) (VP are n't (ADJP-PRD useful))) , '' (VP says (S *T*-1)) (NP-SBJ (NP New York money manager John LeFrere) (PP of (NP Delta Capital Management))) .)) (TOP (S-1 (PP For (NP instance)) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (S (NP-SBJ (NP International Business Machines) and (NP Unisys)) (VP might (VP look (ADJP-PRD cheap)))) , but (S (NP-SBJ-2 investors) (VP might (VP continue (S (NP-SBJ *-2) (VP to (VP do (ADVP-MNR better) (PP-CLR with (NP (NP stocks) (PP like (NP (NP (NP Walt Disney) , (NP Procter & Gamble) and (NP Coca-Cola)) , (NP (NP strong performers) (PP-TMP in (NP recent years))))))))))))) .)) (TOP (S (NP-SBJ (NP Money manager Robert Ross) , (NP (NP head) (PP of (NP (NP Duncan Ross Associates Ltd.) (PP-LOC in (NP (NP Vancouver) , (NP British Columbia)))))) ,) (VP says (SBAR 0 (S (NP-SBJ-1 stocks) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP fall (NP-EXT (QP 15 % to 20) %)))))) (SBAR-TMP before (S (NP-SBJ they) (VP are (ADJP-PRD competitive (PP with (NP less risky investment alternatives))))))))) .)) (TOP (S (NP-SBJ (NP Fredric Russell) , (NP (NP a money manager) (PP-LOC in (NP (NP Tulsa) , (NP Okla.) ,)))) (VP says (SBAR 0 (S (NP-SBJ-1 (NP Friday 's) cave-in) `` (VP is (VP going (S (NP-SBJ *-1) (VP to (VP have (ADJP (ADJP more (PP of (NP (NP a permanent impact) (PP on (NP (NP the psyche) (PP of (NP many investors))))))) (SBAR than (S (NP-SBJ-2 Wall Street) (VP would (VP want (S (NP-SBJ *-2) (VP to (VP admit)))))))))))))))) . '')) (TOP (S (NP-SBJ There) (VP are (ADVP still) (NP-PRD bulls) (ADVP-LOC out there)) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ I) (ADVP still) (VP think (SBAR 0 (S (NP-SBJ we) (VP will (VP have (NP a 3000 Dow))))))) , (S (SBAR-TPC-1 whether (S (NP-SBJ it) (VP 's (NP-TMP-PRD (NP (NP six months) (PP *RNR*-3)) or (NP (NP 12 months) (PP *RNR*-3)) (PP-3 from (NP now)))))) (NP-SBJ I) (VP do n't (VP know (SBAR *T*-1))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP David Dreman) , (NP (NP managing partner) (PP of (NP (NP Dreman Value Management) (PP-LOC in (NP New York)))))) .)) (TOP (S `` (NP-SBJ We) (VP 're (VP doing (NP (NP a little buying) '' (PP in (NP (NP some stocks) (SBAR `` (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP have (ADVP really) (VP been (VP smashed (NP *-1) (PRT down))))))))))) . '')) (TOP (S (NP-SBJ Many brokerage house officials) (ADVP also) (VP are (ADJP-PRD optimistic)) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ (NP (NP Goldman Sachs) , (NP Merrill Lynch) and (NP Dean Witter)) (NP all)) (VP increased (NP (NP the proportion) (PP of (NP (NP assets) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP recommend (SBAR 0 (S (NP-SBJ investors) (VP commit (NP *T*-1) (PP-CLR to (NP stocks)))))))))))) .)) (TOP (S (S (NP-SBJ-1 Dean Witter) (ADVP-TMP now) (VP recommends (NP-2 85 %))) , (S (NP-SBJ=1 Goldman) (NP=2 65 %)) and (S (NP-SBJ=1 Merrill Lynch) (NP=2 50 %)) .)) (TOP (S (NP-SBJ Some investors) (VP say (SBAR 0 (S (NP-SBJ (NP Friday 's) sell-off) (VP was (NP-PRD a good thing) , (SBAR-PRP because (S (NP-SBJ it) (VP deflated (NP (NP a lot) (PP of (NP crazy takeover speculation)))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP was (NP-PRD a healthy cleansing))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Michael Holland) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP (NP Salomon Brothers Asset Management) (PP-LOC in (NP New York))))))) .)) (TOP (S (PP From (ADVP-LOC (ADVP here) (ADVP out))) , (NP-SBJ these investors) (VP see (NP (NP a return) (PP to (NP old-fashioned investing)) , (VP based (NP *) (PP-CLR on (NP (NP a company 's) ability (S (NP-SBJ *) (VP to (VP show (NP profit growth))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The fundamentals) (VP are (ADJP-PRD pretty strong))) , '' (NP-SBJ Mr. Dreman) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP see (NP this) (PP-CLR as (NP a bear market)) (ADVP at all))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD a recognition (SBAR that (S (NP-SBJ there) (VP was (NP-PRD (ADJP much too much) fluff) (PP-LOC in (NP the LBO market))))))) . '')) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Friday 's) big fall) (VP was (NP-PRD `` (NP just a blunder) (PP by (NP the stock market))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP John Connolly) , (NP (NP chief strategist) (PP for (NP Dean Witter)))) .)) (TOP (S `` (NP-SBJ It) (VP was (NP-PRD (NP an overreaction) (PP to (NP (NP an event) (PRN -LCB- (NP (NP the failure (S *ICH*-2)) (PP of (NP a management and union group)) (S-2 (NP-SBJ *) (VP to (VP get (NP (NP bank financing) (PP for (NP (NP a takeover) (PP of (NP UAL))))))))) -RCB-) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP does n't (VP mean (NP that much) (PP-CLR to (NP (NP lots) (PP of (NP stocks)))))))))))) . '')) (TOP (S (NP-SBJ Many investors) (VP have (NP nagging worries) , (ADVP however)) .)) (TOP (S (NP-SBJ Newspapers) (VP are (ADJP-PRD full (PP of (NP (NP headlines) (PP about (NP (NP (NP companies) (VP defaulting (PP-CLR on (NP their debts)))) and (NP (NP banks) (VP writing (PRT off) (NP real estate loans))))))))) .)) (TOP (S (NP-SBJ That) (VP hurts (NP (NP (NP investors ') confidence) (PP in (NP the economy and stocks)))) .)) (TOP (S (NP-SBJ Not even all the brokerage firms) (VP see (NP clear sailing) (ADVP-LOC ahead)) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 Disappointing profits) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP get (ADJP-PRD worse) (PP-TMP in (NP the next two quarters)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mary Farrell) , (NP (NP a market strategist) (PP-LOC at (NP PaineWebber)))) .)) (TOP (S (NP-SBJ She) (VP thinks (SBAR 0 (S (NP-SBJ the market) (VP could (VP (VP drop (NP-EXT (QP about 10) %) (PP-TMP in (NP the next few months))) , (VP (ADVP then) (VP recover) and (VP go (ADVP-DIR higher)))))))) .)) (TOP (S-1 (NP-SBJ (NP Companies) (PP with (NP steady earnings growth))) (VP could (VP do (ADVP-MNR well) (PRN , (S (NP-SBJ she) (VP says (SBAR 0 (S *T*-1)))) ,) (SBAR-ADV while (S (NP-SBJ (NP others) (PP with (NP (NP high debt) or (NP poor earnings)))) (VP could (VP see (S (NP-SBJ their shares) (VP decline (NP-EXT (QP far more than 10) %))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The turmoil) (PP-LOC on (NP Wall Street))) (VP may (VP benefit (NP (NP some retailers) (VP attempting (S (NP-SBJ *) (VP to (VP lead (NP (NP leveraged buy-outs) (PP of (NP their specialty and department-store chains))))))))))) , (NP-SBJ investment bankers and retailers) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Managers) (PP-LOC at (NP five chains))) (VP have (VP said (PP-TMP in (NP recent weeks)) (SBAR that (S (NP-SBJ-1 they) (VP intend (S (NP-SBJ *-1) (VP to (VP bid (PP-CLR for (NP their companies)))))))))) .)) (TOP (S (NP-SBJ The chains) (VP include (NP (NP (NP (NP Bloomingdale 's)) , (VP owned (NP *) (PP by (NP-LGS (NP Campeau Corp.) , (NP-LOC Toronto))))) ; (NP (NP (NP Saks Fifth Avenue) and (NP Marshall Field 's)) , (VP owned (NP *) (PP by (NP-LGS (NP B.A.T Industries PLC) , (NP-LOC London))))) ; and (NP (NP (NP B. Altman & Co.) and (NP Sakowitz Inc.)) , (VP owned (NP *) (PP by (NP-LGS (NP Hooker Corp.) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (ADVP-TMP now) (VP being (VP managed (NP *-1) (PP by (NP-LGS a court-appointed provisional liquidator))))))))))))) .)) (TOP (S (NP-SBJ-1 Hooker) (VP is (VP based (NP *-1) (PP-LOC in (NP (NP Sydney) , (NP Australia))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The combination) (PP of (NP (NP (NP so many chains) (ADJP available (PP for (NP sale)))) , (NP (NP the recent failures) (PP of (NP (NP such retailing LBO 's) (PP as (NP Miller & Rhoads Inc.))))) and (NP declining investor confidence)))) (VP will (VP drive (PRT down) (NP prices)))) , (NP-SBJ retailing observers) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ The pricing) (VP will (VP (VP become (ADJP-PRD more realistic)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP should (VP help (NP management)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Bruce Rosenthal) , (NP (NP a New York investment banker) (PP with (NP Nathan S. Jonas & Co)))) .)) (TOP (S `` (S (NP-SBJ-1 Investors) (VP are n't (VP going (S (NP-SBJ *-1) (VP to (VP be (VP throwing (NP money) (PP-CLR at (NP (NP any) (PP of (NP the proposed LBOs))))))))))) , but (S (S-NOM-SBJ (NP-SBJ *) (VP doing (NP deals) (PP-MNR on (NP (NP the basis) (PP of (NP ridiculous assumptions)))))) (ADVP-TMP never) (VP made (NP sense) , (ADVP either))) . '')) (TOP (S (S-TPC-2 (NP-TMP Earlier this year) , (NP-SBJ-1 (NP bankers) and (NP other investors)) (VP were (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP provide (NP financing))))) (SBAR-PRP because (S (NP-SBJ they) (VP assumed (SBAR 0 (S (NP-SBJ there) (VP would (VP be (NP-PRD (NP major gains) (PP in (NP both profitability and sales)))))))))))) , (NP-SBJ Mr. Rosenthal) (VP added (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ Those days) (VP are (ADVP-PRD over) (ADVP-TMP now))) , (NP-SBJ he) (VP believes (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ (NP Competition) (PP from (NP (NP third parties) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP (VP have (NP cash)) and (VP are (ADJP-PRD prepared (S (NP-SBJ *-2) (VP to (VP buy))))))))))) (VP (VP has (ADVP-TMP always) (VP existed)) and (VP will (VP continue)))) , '' (VP added (S *T*-3)) (NP-SBJ Mr. Rosenthal) .)) (TOP (S `` But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ prices) (VP were (ADJP-PRD crazy) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP was (ADJP-PRD even harder (S (NP-SBJ *) (VP to (VP do (NP an LBO)))))) .)) (TOP (S (NP-SBJ Bankers) (VP believed (PP-CLR in (NP (NP the greater-fool theory) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP says (SBAR 0 (S (NP-SBJ-2 somebody else) (VP is (ADVP-TMP always) (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP pay (NP more)))))))))))))) .)) (TOP (S (NP-SBJ This) (VP is (ADVP-TMP no longer) (ADJP-PRD true) (NP-TMP today)) . '')) (TOP (S (PP-LOC At (NP Saks Fifth Avenue)) , (NP-SBJ (NP Paul Leblang) , (NP (NP senior vice president) , (NP marketing) ,)) (VP agreed (SBAR that (S (NP-SBJ lower prices) (VP will (VP help (NP his management team) (PP-CLR in (NP their proposed LBO))))))) .)) (TOP (SINV `` (S-TPC-2 (S-NOM-SBJ (NP-SBJ-1 *) (VP Having (S (NP-SBJ *-1) (VP to (VP take (PRT on) (NP less debt)))))) (VP would (ADVP certainly) (VP be (NP-PRD an advantage)))) , '' (VP said (S *T*-2)) (NP-SBJ Mr. Leblang) .)) (TOP (S `` (NP-SBJ It) (VP would (ADVP also) (VP help (NP us) (PP-CLR in (NP (NP our search) (PP for (NP equity partners)))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP make (S (NP-SBJ an LBO) (VP work))))) , (ADVP-TMP now) (NP-SBJ-1 we) (VP are (VP going (S (NP-SBJ *-1) (VP to (VP need (NP (NP more) (PP than (NP just junk bonds)))))))) .)) (TOP (S '' (NP-SBJ None) (VP believe (SBAR 0 (S (NP-SBJ the proposed management LBOs) (VP will (VP be (ADJP-PRD easy (S (NP-SBJ *) (VP to (VP complete (NP *?*))))))))) , (PP-LOC (ADVP especially) at (NP (NP B. Altman & Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (PP-LOC-PRD under (NP Chapter 11 bankruptcy protection)))))))) .)) (TOP (S Not (ADVP only) (SINV could (NP-SBJ the Wall Street gyrations) (VP damp (NP Christmas sales) (SBAR-ADV if (S (NP-SBJ consumers) (VP lose (NP (NP confidence) (PP in (NP the economy)))))))) , but (S (NP-SBJ-1 potential junk-bond buyers) (VP are (ADJP-PRD sure (S (NP-SBJ *-1) (VP to (VP demand (NP (NP (ADJP even stronger) covenants) and (NP greater management equity participation)))))))) .)) (TOP (S (ADVP Further) , (NP-SBJ-1 (NP many institutions) (VP (NP-TMP today) holding (NP (NP troubled retailers ') debt securities))) (VP will (VP be (ADJP-PRD reticent (S (NP-SBJ *-1) (VP to (VP consider (NP additional retailing investments))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (VP called (S (NP-SBJ bad money) (VP driving (PRT out) (NP good money)))))) , '' (VP said (S *T*-1)) (NP-SBJ one retailing observer) .)) (TOP (S `` (NP-SBJ-2 (NP Institutions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (ADVP usually) buy (NP retail paper))))) (VP have (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD more concerned))))) . '')) (TOP (S (ADVP However) , (NP-SBJ (NP the lower prices) (SBAR (WHNP-2 0) (S (NP-SBJ-1 these retail chains) (VP are (ADVP-TMP now) (VP expected (S (NP-SBJ *-1) (VP to (VP bring (NP *T*-2))))))))) (VP should (VP make (S (NP-SBJ it) (ADJP-PRD easier (SBAR for (S (NP-SBJ managers) (VP to (VP (VP raise (NP the necessary capital)) and (VP pay (PRT back) (NP the resulting debt)))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the fall selling season) (VP has (ADVP generally) (VP been (NP-PRD a good one) , (PP (ADVP especially) for (NP (NP those retailers) (ADJP dependent (PP on (NP apparel sales)) (PP for (NP (NP the majority) (PP of (NP their revenues))))))))) .)) (TOP (SINV `` (S-TPC-3 (SBAR-NOM-SBJ (WHNP-2 What) (S (NP-SBJ *T*-2) (VP 's (ADJP-PRD encouraging (PP about (NP this)))))) (VP is (SBAR-PRD that (S (NP-SBJ-1 retail chains) (VP will (VP be (VP sold (NP *-1) (PP-MNR on (NP (NP the basis) (PP of (NP (NP their sales and earnings) , not (NP liquidation values)))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Joseph E. Brooks) , (NP (NP (NP chairman) and (NP chief executive officer)) (PP of (NP (NP Ann Taylor Inc.) , (NP a specialty chain))))) .)) (TOP (S `` (NP-SBJ (NP Retailers) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP had (NP (NP good track records) (PP of (S-NOM (NP-SBJ *-2) (VP producing (NP profits))))))))) (VP will (VP have (NP a better chance (S (NP-SBJ *) (VP to (VP buy (PRT back) (NP their companies))))))) . '')) (TOP (S (ADVP Still) , (NP-SBJ most retailing observers) (VP expect (SBAR that (S (NP-SBJ all the proposed retailing LBOs) (VP will (VP depend (ADVP partly) (PP-CLR on (NP (NP the sale) (PP of (NP (NP junk bonds) , (NP (NP a market) (RRC (PP (ADVP already) in (NP (NP tumult))) , (PP-PRP (PP in (NP part)) because of (NP (NP concerns) (VP associated (NP *) (PP-CLR with (NP (NP bonds) (VP issued (NP *) (PP by (NP-LGS (NP the Federated and Allied units) (PP of (NP Campeau))))))))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP Prices) (PP for (NP retail chains))) (VP (VP are (ADJP-PRD (ADJP lower) (NP-TMP today) (SBAR than (S (NP-SBJ they) (VP were (ADJP-PRD *?*) (NP-TMP last week)))))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP help (NP management))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Gilbert Harrison) , (NP (NP chairman) (PP of (NP (NP Financo Inc.) , (NP (NP an investment-banking firm) (VP specializing (PP-CLR in (NP retailing acquisitions)))))))) .)) (TOP (S `` But (NP-SBJ-2 (NP the hurdle) (PP of (NP financing))) (ADVP still) (VP has (S (NP-SBJ-1 *-2) (VP to (VP be (VP resolved (NP *-1)))))) .)) (TOP (S (NP-SBJ Potential bondholders) (VP will (ADVP either) (VP (VP look (PP-CLR for (NP (NP greater equity participation) (PP on (NP (NP behalf) (PP of (NP management))))))) , or (VP insist (SBAR 0 (S (NP-SBJ (NP the equity component) (PP of (NP the deals))) (VP be (ADJP-PRD (ADJP substantially greater) (PP than (PP-TMP in (NP the past)))))))))) .)) (TOP (S (NP-SBJ Sony Corp.) (VP won (NP (NP a pretrial order) (VP blocking (NP (NP U.S. sales) (PP of (NP (NP (NP Justin Products Inc. 's) `` My Own '' line) (PP of (NP (NP portable audio players) (PP for (NP children)))))))))) .)) (TOP (S (NP-SBJ Judge John E. Sprizzo) (VP issued (NP the order) (PP-LOC in (NP (NP Manhattan federal court) , (SBAR (WHADVP-1 where) (S (NP-SBJ Sony) (VP has (VP accused (NP the tiny company) (PP-CLR of (S-NOM (NP-SBJ *) (VP (ADVP-MNR illegally) knocking (PRT off) (NP the `` My First Sony '' line)))) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (NP-SBJ The judge) (VP held (SBAR that (S (NP-SBJ (NP (NP the combination) (PP of (NP colors))) (VP used (NP *) (PP-CLR for (NP the Sony products)))) (VP is (ADJP-PRD (ADJP distinctive) and (ADJP subject (PP to (NP (NP protection) (PP under (NP (NP New York state law) , (PP rather than (NP federal law)))))))))))) .)) (TOP (S (NP-SBJ The legal fight) (VP was (NP-PRD (NP the subject) (PP of (NP (NP a Wall Street Journal story) (NP-TMP yesterday))))) .)) (TOP (S (NP-SBJ (NP (NP Justin 's) attorney) , (NP Charles E. Baxley) ,) (VP said (SBAR 0 (S (NP-SBJ Justin) (VP would (VP ask (NP-1 an appeals court) (S (NP-SBJ *-1) (VP to (VP set (PRT aside) (NP the order) (ADVP-TMP temporarily) , (PP pending (NP an expedited appeal)))))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP repeated (NP (NP (NP Justin 's) denial) (PP of (NP (NP Sony 's) charges)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP Their likelihood) (PP of (S-NOM (NP-SBJ *) (VP reversing (NP us))))) (VP is (ADJP-PRD very slim))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Lewis H. Eslinger) , (NP (NP Sony 's) attorney) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ he) (VP doubts (SBAR 0 (S (NP-SBJ Justin) (VP will (VP go (ADVP-CLR ahead) (PP-CLR with (NP a trial))))))))))))) .)) (TOP (S (NP-SBJ CONTINENTAL MORTGAGE & EQUITY TRUST) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP resume (NP dividend payments) (PP-MNR with (NP (NP a 10-cent-a-share payout) (PP-TMP on (NP Nov. 6)) (PP to (NP (NP (NP shares) (PP of (NP record))) (NP-TMP Oct. 25)))))))))) .)) (TOP (S (NP-SBJ The Dallas real estate investment trust) (ADVP last) (VP paid (NP a dividend) (PP-TMP on (NP (NP (NP Dec. 31) , (NP 1987) ,) (SBAR (WHADVP-1 when) (S (NP-SBJ shareholders) (VP received (NP (NP $ 1 *U*) (NP-ADV a share)) (ADVP-TMP *T*-1))))))) .)) (TOP (S (PP Despite (NP (NP continuing troubles) (PP with (NP (NP problem assets) and (NP nonperforming loans))))) , (NP-SBJ the trust) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ-2 *-1) (VP to (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP maintain or increase (NP (NP the rate) (PP of (NP distributions))) (PP-PRP because of (NP (NP operations) (PP of (NP joint-venture properties))))))))))))))) .)) (TOP (S (NP-SBJ A federal appeals court) (VP struck (PRT down) (NP (NP a natural-gas regulation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (VP prevented (NP pipeline companies) (PP-CLR from (S-NOM (NP-SBJ *) (VP passing (PP-DTV to (NP customers)) (NP (NP part) (PP of (NP (NP (QP $ 1 billion) *U*) (PP in (NP (NP costs) (PP from (NP controversial `` take-or-pay '' contracts)))))))))))))))) .)) (TOP (S (NP-SBJ The court) , (PP-LOC in (NP a 3-0 ruling)) , (VP threw (PRT out) (NP (NP a deadline) (VP set (NP *) (PP by (NP-LGS the Federal Energy Regulatory Commission))) (PP for (S-NOM (NP-SBJ *) (VP settling (NP (NP old contract disputes) (PP over (NP (NP gas) (SBAR (WHNP-1 that) (S (NP-SBJ the pipeline companies) (VP (VP reserved (NP *T*-1)) but (VP did n't (VP use (NP *T*-1)))))))))))))) .)) (TOP (S (NP-SBJ (NP FERC 's) regulation) (VP had (VP given (NP-3 pipelines) (PP-TMP-CLR until (NP (NP March 31) , (NP 1989) ,)) (S-CLR (NP-SBJ *-3) (VP to (VP pass (PRT on) (PP-CLR to (NP customers)) (NP (NP (QP as much as 50) %) (PP of (NP (NP the costs) (PP of (S-NOM (NP-SBJ *) (VP buying (PRT out) (NP (NP their broken contracts) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP were (VP made (NP *-1) (PP with (NP producers)) (SBAR-TMP (WHADVP when) (S (S (NP-SBJ-4 gas prices) (VP were (ADJP-PRD-5 high))) and (S (NP-SBJ=4 supplies) (ADJP-PRD=5 short)))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP A majority) (PP of (NP old contracts))) (VP were (VP (VP renegotiated (NP *-1) (PP-TMP by (NP the deadline))) and (VP settled (NP *-1) (PP at (NP steep discounts))))) .)) (TOP (S But (NP-SBJ pipeline companies) (VP estimate (SBAR 0 (S (NP-SBJ they) (ADVP still) (VP face (NP (NP (NP (QP $ 2.4 billion) *U*) (PP in (NP (NP liabilities) (PP from (NP unresolved disputes))))) , (PP including (NP (NP (QP $ 1 billion) *U*) (SBAR 0 (S (NP-SBJ they) (VP fear (SBAR 0 (S (NP-SBJ-1 they) (VP wo n't (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP pass (PRT on) (PP-CLR to (NP customers)))))))))))))))))))) .)) (TOP (S (PP According (PP to (NP industry lawyers))) , (NP-SBJ the ruling) (VP gives (NP pipeline companies) (NP an important second chance (S (NP-SBJ *) (VP to (VP (VP resolve (NP remaining disputes)) and (VP take (NP-CLR advantage) (PP-CLR of (NP the cost-sharing mechanism)))))))) .)) (TOP (S (NP-SBJ The court) (VP left (PRT open) (SBAR whether (S (NP-SBJ FERC) (VP could (VP reimpose (NP a new deadline) (ADVP-TMP later)))))) .)) (TOP (S (NP-SBJ (NP The court) , (VP agreeing (PP-CLR with (NP pipeline companies))) ,) (VP found (SBAR 0 (S (NP-SBJ the March 31 deadline) (VP was (ADJP-PRD (ADJP `` arbitrary and capricious '') and (ADJP `` highly prejudicial (PP to (NP (NP the bargaining power) (PP of (NP (NP pipelines) '' (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP were (VP forced (S (NP-SBJ-3 *-2) (VP to (VP negotiate (NP (NP settlement) (PP of (NP the old take-or-pay contracts))) (S-PRP (NP-SBJ *-3) (VP to (VP meet (NP the deadline))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP A report) (NP-TMP last month) (PP by (NP (NP the Interstate Natural Gas Association) (PP of (NP America))))) (VP found (SBAR that (S (NP-SBJ (NP pipelines ') settlement costs) (VP had (VP jumped (PP-TMP in (NP (NP the three months) (PP-TMP before (NP the deadline)))) (PP-DIR to (NP (NP 39 cents) (PP on (NP the dollar)))) , (PP-DIR from (NP (NP 22 cents) (PP on (NP the dollar))) (PP-TMP in (NP 1988)))))))) .)) (TOP (S (NP-SBJ The court) (VP ordered (S (NP-SBJ FERC) (VP to (VP justify (PP-TMP within (NP 60 days)) (NP (CONJP not only) (NP its cost-sharing deadline) , but (NP (NP other major elements) (PP of (NP (NP its proposed regulation) (PP for (S-NOM (NP-SBJ *) (VP introducing (NP more competition) (PP-CLR into (NP natural-gas transportation))))))))))))) .)) (TOP (S (NP-SBJ The court) (ADVP also) (VP questioned (NP (NP a crediting mechanism) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP could (VP be (VP used (NP-3 *-2) (S-CLR (NP-SBJ *-3) (VP to (VP resolve (NP take-or-pay liabilities))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The complex regulation) , (VP known (NP *) (PP-LOC in (NP the industry)) (PP-CLR as (NP Order 500))) ,) (VP has (VP been (VP (ADVP-MNR hotly) contested (NP *-1) (PP by (NP-LGS (NP all sides) , (PP including (NP (NP natural-gas producers) , (NP pipelines) , (NP local distribution companies) and (NP consumers)))))))) .)) (TOP (S (NP-SBJ (NP The court 's) decision) (VP (VP would (VP allow (S (NP-SBJ FERC) (VP to (VP change (NP (NP some) (PP of (NP its provisions)))))))) , but (VP ensures (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP be (VP reviewed (NP *-1) (ADVP again) (ADVP-MNR quickly) (PP by (NP-LGS the court))))))))) .)) (TOP (S (NP-SBJ MEDUSA Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP (ADVP-MNR voluntarily) prepaid (NP (QP $ 7 million) *U*) (PP-CLR on (NP its original (ADJP (QP $ 75 million) *U*) term loan)) , (S-ADV (NP-SBJ *) (VP bringing (NP (NP the total debt reduction) (PP for (NP the year))) (PP-CLR to (NP (QP $ 18 million) *U*)))))))) .)) (TOP (S (PP-TMP After (NP the payment)) , (NP-SBJ the Cleveland company) (VP owes (NP (QP $ 57 million) *U*) (PP-CLR on (NP the loan))) .)) (TOP (S (NP-SBJ The cement producer) (VP said (SBAR 0 (S (NP-SBJ-1 the payment) (VP was (VP made (NP *-1) (PP-MNR from (NP excess cash flow))))))) .)) (TOP (S (NP-SBJ NATIONAL INCOME REALTY TRUST) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP resume (NP dividend payments) (PP with (NP (NP a 12-cent-a-share dividend) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP paid (NP *-1) (NP-TMP Nov. 6) (PP-DTV to (NP (NP shares) (PP of (NP record)) (NP-TMP Oct. 25))))))))))))))) .)) (TOP (S (NP-SBJ The mortgage and equity real estate investment trust) (ADVP last) (VP paid (NP a dividend) (PP-TMP on (NP (NP (NP Aug. 1) , (NP 1988) ,) (SBAR (WHADVP-1 when) (S (NP-SBJ holders) (VP received (NP (NP 75 cents) (NP-ADV a share)) (ADVP-TMP *T*-1))))))) .)) (TOP (S (PP Despite (NP (NP continuing troubles) (PP with (NP (NP problem properties) and (NP nonperforming loans))))) , (NP-SBJ the Dallas trust) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP (VP rebuilt (NP reserves)) , (VP abandoned (NP (NP properties) (PP with (NP little potential)))) and (VP experienced (NP (NP improved operating results) (PP from (NP joint ventures))))))))) .)) (TOP (S (NP-SBJ MLX Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP reached (NP (NP a preliminary agreement (S *ICH*-1)) (PP with (NP (NP senior lenders) (PP to (NP its refrigeration and air-conditioning group)))) (S-1 (NP-SBJ *) (VP to (VP restructure (NP (NP the (QP $ 188.5 million) *U*) (PP of (NP credit facilities)) (SBAR (WHNP-2 0) (S (NP-SBJ the lenders) (VP provide (NP *T*-2) (PP-CLR to (NP the group)))))))))))))) .)) (TOP (S (NP-SBJ (NP MLX) , (SBAR (WHNP-4 which) (S (ADVP also) (NP-SBJ *T*-4) (VP makes (NP aircraft and heavy-duty truck parts)))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the debt) (VP was (VP accumulated (NP *-1) (PP-TMP during (NP (NP its acquisition) (PP of (NP (NP nine businesses) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP make (PRT up) (NP (NP the group) , (S (NP-SBJ-2 (NP the biggest portion) (WHPP of (WHNP which))) (VP was (VP related (NP *-2) (PP-CLR to (NP (NP the 1986 purchase) (PP of (NP a Hillman Co. unit)))))))))))))))))))) .)) (TOP (S (S-TPC-1 (PP Among (NP other things)) , (NP-SBJ the restructured facilities) (VP will (VP (ADVP substantially) reduce (NP (NP (NP the group 's) required amortization) (PP of (NP (NP the term loan portion) (PP of (NP the credit facilities))))) (PP-TMP through (NP September 1992))))) , (NP-SBJ MLX) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-2 (NP Certain details) (PP of (NP the restructured facilities))) (VP remain (S-CLR (NP-SBJ-1 *-2) (VP to (VP be (VP negotiated (NP *-1)))))) .)) (TOP (S (NP-SBJ The agreement) (VP is (ADJP-PRD subject (PP to (NP (NP completion) (PP of (NP (NP a definitive amendment) and (NP appropriate approvals))))))) .)) (TOP (S (NP-SBJ (NP William P. Panny) , (NP MLX chairman and chief executive) ,) (VP said (SBAR 0 (S (NP-SBJ the pact) `` (VP will (VP provide (NP MLX) (PP-CLR with (NP (NP the additional time and flexibility) (ADJP necessary (S (NP-SBJ *) (VP to (VP complete (NP (NP the restructuring) (PP of (NP (NP the company 's) capital structure)))))))))))))) . '')) (TOP (S (NP-SBJ MLX) (VP has (VP filed (NP (NP a registration statement) (VP *ICH*-2)) (PP-CLR with (NP the Securities and Exchange Commission)) (VP-2 covering (NP (NP a proposed offering) (PP of (NP (NP (QP $ 120 million) *U*) (PP in (NP long-term senior subordinated notes and warrants)))))))) .)) (TOP (S (NP-SBJ Dow Jones & Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP acquired (NP (NP a (ADJP 15 %) interest) (PP in (NP (NP DataTimes Corp.) , (NP (NP a subsidiary) (PP of (NP (NP Oklahoma Publishing Co.) , (NP-LOC Oklahoma City) ,)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP provides (NP electronic research services)))))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ-1 (NP Customers) (PP of (NP either (NP DataTimes) or (NP Dow Jones News/Retrieval)))) (VP are (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP access (NP (NP the information) (PP-LOC on (NP both services)))))))) .)) (TOP (S (NP-SBJ Dow Jones) (VP is (NP-PRD (NP the publisher) (PP of (NP The Wall Street Journal)))) .)) (TOP (S (NP-SBJ Flowers Industries Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP report (NP (NP a charge) (PP of (NP (NP (QP eight cents to 10) cents) (NP-ADV a share)))) (PP for (NP (NP its fiscal first quarter) , (VP ended (NP-TMP Sept. 23)) ,)) (PP from (NP (NP the sale) (PP of (NP (NP two bakeries) , (PP-LOC in (NP (NP (NP High Point) , (NP N.C.) ,) and (NP (NP Gadsden) , (NP Ala))))))))))))) .)) (TOP (S (NP-SBJ The convenience-food company) (VP said (SBAR 0 (S (NP-SBJ it) (VP sold (NP the bakeries) (PP-DTV to (NP Mills Family Bakery)) (PP-CLR for (NP an undisclosed amount)))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ the sales) (VP were (NP-PRD (NP part) (PP of (NP a 1983 Federal Trade Commission Consent Order))))))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (NP-SBJ Flowers) (VP had (NP (NP fiscal first-quarter net income) (PP of (NP (NP (QP $ 8 million) *U*) , or (NP (NP 23 cents) (NP-ADV a share)) ,)) (PP on (NP (NP revenue) (PP of (NP (QP $ 170.4 million) *U*)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Raw-steel production) (PP by (NP (NP the nation 's) mills))) (VP decreased (NP-EXT 0.8 %) (NP-TMP last week) (PP-DIR to (NP 1,828,000 tons)) (PP-DIR from (NP 1,843,000 tons) (NP-TMP the previous week)))) , (NP-SBJ the American Iron and Steel Institute) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Last week 's) output) (VP rose (NP-EXT 1.4 %) (PP-DIR from (NP (NP the 1,802,000 tons) (VP produced (NP *) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ The industry) (VP used (NP (NP 82.2 %) (PP of (NP its capability))) (NP-TMP last week) , (PP compared (PP with (NP (NP (NP 82.8 %) (NP-TMP the previous week)) and (NP (NP 84 %) (ADVP-TMP (NP a year) ago)))))) .)) (TOP (S (NP-SBJ The capability utilization rate) (VP is (NP-PRD (NP a calculation) (VP designed (NP-1 *) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP indicate (SBAR (WHPP-2 at (WHNP (WHNP what percent) (PP of (NP its production capability)))) (S (NP-SBJ the industry) (VP is (VP operating (PP-CLR *T*-2) (PP-TMP in (NP a given week)))))))))))) .)) (TOP (S (NP-SBJ-1 Selwyn B. Kossuth) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP executive director) (PP of (NP the commission)))) , (S-ADV (NP-SBJ *) (ADJP-PRD effective (NP-TMP early November))))) .)) (TOP (S (NP-SBJ (NP Mr. Kossuth) , (ADJP (NP 52 years) old) ,) (VP succeeds (NP (NP Ermanno Pascutto) , (NP 36) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP resigned (S-PRP (NP-SBJ *-2) (VP to (VP join (NP (NP Hong Kong 's) Securities and Futures Commission))))))))) .)) (TOP (S (NP-SBJ Mr. Kossuth) (VP was (NP-PRD (NP (NP (NP vice president) and (NP director)) , (NP corporate finance) ,) (PP of (NP (NP Nesbitt Thomson Deacon Inc.) , (NP a Toronto investment dealer))))) .)) (TOP (S (NP-SBJ (NP Dun & Bradstreet Corp. 's) Market Data Retrieval unit) (VP said (SBAR 0 (S (NP-SBJ it) (VP acquired (NP School and College Construction Reports service) (PP-CLR from (NP (NAC Intelligence (PP for (NP Education))) Inc)))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ The service) (VP supplies (NP (NP weekly reports) (PP on (NP school and college construction plans)))) .)) (TOP (S (NP-SBJ Market Data Retrieval) (VP (VP is (NP-PRD (NP a compiler) (PP of (NP educational information)))) and (VP provides (NP related services))) .)) (TOP (S (NP-SBJ (NP (ADJP Closely held) Intelligence) (PP in (NP Education)) , (PP of (NP-LOC (NP Larchmont) , (NP N.Y.) ,))) (VP is (NP-PRD an educational publisher and consultant)) .)) (TOP (S (NP-SBJ (NP A battle) (PP *ICH*-1)) (VP is (VP raging (PP-LOC in (NP Venice)) (PP-1 over (NP plans (S (NP-SBJ *) (VP to (VP have (S (NP-SBJ the 1,200-year-old Italian city) (VP be (NP-PRD (NP the site) (PP for (NP a universal exposition))) (PP-TMP in (NP 2000))))))))))) .)) (TOP (S (NP-SBJ The plans) (VP include (NP (NP (NP a subway system) , (NP a congress center) , (NP floating trees) , (NP fanciful fountains)) -- and (NP (NP (QP as many as 60,000) additional tourists) (NP-ADV a day)))) .)) (TOP (S (NP-SBJ Expo enthusiasts) (VP argue (SBAR that (S (S-NOM-SBJ-1 (NP-SBJ *) (VP holding (NP the fair))) (VP would (VP (VP attract (NP businesses)) , (VP create (NP jobs)) and (VP help (S (NP-SBJ *-1) (VP renovate (NP (NP abandoned sections) (PP of (NP town))))))))))) .)) (TOP (S But (NP-SBJ opponents) (VP fear (NP overcrowding)) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ This city) (ADVP already) (VP has (NP too many tourists))) , and (S (NP-SBJ it) (VP ca n't (VP hold (NP (NP them) (NP all)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Pierluigi Beggiato) , (NP (NP the president) (PP of (NP the Venice hoteliers association)))) .)) (TOP (S (NP-SBJ (NP (QP About 40) Italian businesses) , (PP including (NP (NP Fiat S.p . A.) and (NP Ing . C. Olivetti & Co.))) ,) (VP have (VP formed (NP (NP a consortium) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP lobby (PP-CLR for (S-NOM (NP-SBJ *) (VP holding (NP the expo) (PP-LOC in (NP Venice)))))))))))) .)) (TOP (S (NP-SBJ Three gambling casinos) (VP have (VP opened (PP-LOC in (NP Poland)))) .)) (TOP (S (NP-SBJ (NP The three establishments) -- (NP (NP (NP two) (PP-LOC in (NP Warsaw))) and (NP (NP one) (PP-LOC in (NP Krakow)))) --) (VP (VP accept (NP only foreign currency)) and (VP are (NP-PRD (NP joint ventures) (PP between (NP (NP Polish firms) and (NP Western companies)))))) .)) (TOP (S (NP-SBJ Not all Poles) (VP are (ADJP-PRD pleased)) .)) (TOP (S (SBARQ-TPC-3 `` (WHNP-1 What) (SQ do (NP-SBJ we) (VP want (NP casinos) (PP-PRP for (NP *T*-1)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ we) (VP have n't (VP got (NP anything) (PP-LOC in (NP the shops)) (ADVP-TMP *T*-2)))))))) ? '' (NP-SBJ one housewife) (VP asked (SBARQ *T*-3)) .)) (TOP (S But (NP-SBJ (NP Bogdan Gumkowski) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP (NP the casino) (PP-LOC at (NP (NP Warsaw 's) Marriott Hotel)))))) ,) (VP said (SBAR 0 (S (NP-SBJ the ventures) (VP would (VP help (S (NP-SBJ Poland) (VP service (NP its (ADJP (QP $ 39 billion) *U*) foreign debt) (PP-MNR by (S-NOM (NP-SBJ *) (VP pouring (NP dollars) (PP-CLR into (NP (NP (NP the state firms) (PP-LOC in (NP the joint ventures))) -- (NP (NP the LOT airline) and (NP Orbis tourist organization)))))))))))))) .)) (TOP (S (NP-SBJ-1 Algeria) (VP plans (S (NP-SBJ *-1) (VP to (VP increase (NP (NP natural-gas sales) (PP to (NP (NP Europe) and (NP the U.S)))))))) .)) (TOP (S (PP According (PP to (NP the Middle East Economic Survey))) , (NP-SBJ the (ADJP North African) nation) (VP is (VP holding (NP (NP talks) (PP with (NP Italy)) (PP for (S-NOM (NP-SBJ *) (VP adding (NP a fourth pipe) (PP-CLR to (NP (NP a section) (PP of (NP the Trans-Mediterranean pipeline)))) , (S-ADV (NP-SBJ *) (VP expanding (NP capacity) (PP-CLR by (NP (NP (QP up to six billion) cubic meters) (NP-ADV a year))) (PP-DIR from (NP 12.5 billion)))))))))) .)) (TOP (S (NP-SBJ-1 Algeria) (ADVP also) (VP wants (S (NP-SBJ-2 *-1) (VP to (VP build (NP a pipeline) (PP-LOC (PP through (NP Morocco)) and (PP across (NP (NP the Strait) (PP of (NP Gibraltar))))) (S-PRP (NP-SBJ *-2) (VP to (VP supply (NP (NP Spain) , (NP France) and (NP West Germany)) (PP-CLR with (NP (NP (QP up to 15 billion) cubic meters) (NP-ADV a year))) (PP-TMP by (NP the late 1990s))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP (NP South Africa 's) National Union) (PP of (NP Mineworkers))) (VP agreed (S (NP-SBJ *-1) (VP to (VP (VP suspend (NP (NP the strike) (PP by (NP diamond workers)))) and (VP resume (NP (NP negotiations) (PP with (NP De Beers Consolidated Mines Ltd.)) (PP over (NP their wage dispute))))))))) , (NP-SBJ De Beers) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 the union) (VP had (VP agreed (S (NP-SBJ *-1) (VP to (VP meet (NP the company) (PP-PRP for (NP further talks)) (NP-TMP tomorrow))))))))) .)) (TOP (S (NP-SBJ (NP The strike) (PP-LOC at (NP five De Beers mines))) (VP began (NP-TMP last Thursday) , (PP with (S-NOM (NP-SBJ (NP 9,500) (PP out (PP of (NP (NP a total 10,000 NUM members) (VP employed (NP *) (PP-LOC on (NP De Beers mines))))))) (VP participating))) , (PP according (PP to (NP the union))) , (SBAR-ADV while (S (NP-SBJ De Beers) (VP said (SBAR 0 (S (NP-SBJ there) (VP were (NP-PRD 7,800 participants)))))))) .)) (TOP (S (NP-SBJ The union) (VP has (VP demanded (NP (NP a (ADJP 37.6 %) increase) (PP in (NP the minimum wage))) (SBAR-ADV while (S (NP-SBJ (NP De Beers 's) final offer) (VP was (NP-PRD (NP an increase) (PP of (NP 17 %)))))))) .)) (TOP (S (NP-SBJ A 35-nation environmental conference) (VP opened (PP-LOC in (NP (NP Sofia) , (NP Bulgaria)))) .)) (TOP (S (NP-SBJ-1 The gathering) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP focus (PP-CLR on (S-NOM (NP-SBJ *) (VP (VP curbing (NP (NP the fouling) (PP of (NP rivers and lakes)))) , (VP limiting (NP (NP damage) (PP from (NP industrial accidents)))) and (VP improving (NP (NP the handling) (PP of (NP harmful chemicals)))))))))))) .)) (TOP (S (NP-SBJ (ADJP West German) Environment Minister Klaus Toepfer) (VP said (SBAR 0 (S (NP-SBJ-1 Bonn) (VP is (VP convinced (NP *-1) (PP-CLR of (NP (NP the need) (PP for (NP (NP cooperation) , `` (PP (ADVP especially) with (NP (NP our neighbors) (PP-LOC in (NP the East)))))))) , (SBAR-PRP because (S (NP-SBJ-2 we) (VP are (VP (ADVP-MNR directly) affected (NP *-2) (PP by (NP-LGS (NP (NP their ecological progress) or (NP (NP lack) (PP of (NP it))))))))))))))) . '')) (TOP (S (NP-SBJ (NP The U.S.) and (NP Canada)) (VP joined (NP (NP every European country) (PP except (NP Albania))) (PP-LOC at (NP the meeting))) .)) (TOP (S (NP-SBJ (NP The Swedish publishers) (PP of (NP a new Estonian-language newspaper))) (VP rushed (NP an extra edition) (PP-LOC across (NP the Baltic)) (PP-TMP on (NP Oct. 10)) (SBAR-TMP after (S (NP-SBJ the first run) (VP sold (PRT out) (PP-TMP in (NP one day)))))) .)) (TOP (S (NP-SBJ Editor Hasse Olsson) (VP said (SBAR 0 (S (NP-SBJ plans) (VP had (VP called (SBAR for (S (S (NP-SBJ-1 (NP 7,000 copies) (PP of (NP the monthly Are Paev (PRN -LRB- Business Paper -RRB-)))) (VP to (VP be (VP sold (NP *-1) (PP-LOC at (NP newsstands)))))) and (S (NP-SBJ-2 an (QP additional 3,000) promotion issues) (VP to (VP be (VP sent (NP *-2) (PP-MNR by (NP direct mail))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 (QP 13,000 more) copies) (VP were (VP sent (NP *-1) (PP-DIR to (NP Estonia)) (PP-PRP because of (NP strong sales))))))) .)) (TOP (S (S (NP-SBJ The Swedish publishing company Bonniers) (VP owns (NP (NP 51 %) (PP of (NP Are Paev))))) , and (S (NP-SBJ the Estonian management company Minor) (VP owns (NP 49 %))) .)) (TOP (S (NP-SBJ (NP Angel Gurria) , (NP (NP Mexico 's) top debt negotiator) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the country 's) creditor banks) (VP are (VP responding (ADVP-MNR positively) (PP-CLR to (NP (NP Mexico 's) debt-reduction package))))))) .)) (TOP (S (NP-SBJ (NP Mr. Gurria 's) optimism) (VP contrasts (PP-CLR with (NP (NP some bankers ') views (SBAR that (S (NP-SBJ-1 the deal) (VP may (VP require (NP (NP a lot) (PP of (NP arm twisting)) (PP by (NP the U.S. Treasury))) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP succeed))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Gurria) , (NP (NP (NP Mexico 's) under-secretary) (PP of (NP (NP the ministry) (PP of (NP finance))))) ,) (VP met (NP-TMP yesterday) (PP-CLR with (NP European bankers)) (PP-LOC in (NP London)) , (PP-LOC at (NP (NP the half-way point) (PP-LOC on (NP (NP a so-called road show) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP market (NP the package) (PP-LOC around (NP the world))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP An increasing number) (PP of (NP banks))) (VP appear (S (NP-SBJ *-1) (VP to (VP be (VP considering (NP (NP the option) (PP under (NP the deal)) (SBAR (WHADVP-3 whereby) (S (NP-SBJ they) (VP can (VP swap (NP their Mexican loans) (PP-CLR for (NP (NP 30-year bonds) (PP with (NP (NP a face value) (VP discounted (NP *) (PP-EXT by (NP 35 %))))))) (ADVP-MNR *T*-3)))))))))))) , (NP-SBJ Mr. Gurria) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The other two options) (VP consist (PP-CLR of (S-NOM (NP-SBJ *) (VP (VP swapping (NP loans) (PP-CLR for (NP (NP bonds) (PP with (NP (ADJP 6.25 %) interest rates))))) , or (VP providing (NP fresh loans)))))) .)) (TOP (S (NP-SBJ-2 (NP The accord) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP covers (NP (NP (QP $ 52.7 billion) *U*) (PP of (NP (NP Mexico 's) (ADJP medium - and long-term) debt)))))) ,) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP go (PP-CLR into (NP effect)) (PP-TMP in (NP early))))))))) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP China 's) top film actress) , (NP Liu Xiaoqing) ,) (VP paid (NP (NP $ 4,555 *U*) (PP in (NP (NP back taxes) and (NP fines)))) (PP-LOC in (NP Shandong province)))) , (NP-SBJ (NP the People 's) Daily) (VP reported (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The amount) (VP is (ADJP-PRD equal (PP to (NP (NP (QP about 30) years earnings) (PP for (NP (NP the average peasant) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP makes (NP (NP $ 145 *U*) (NP-ADV a year))))))))))) ... .)) (TOP (S (S-TPC-1 (NP-SBJ China) (VP will (VP spend (NP (QP $ 9.45 million) *U*) (PP-CLR for (NP (NP urgent maintenance) (PP on (NP (NP (NP Tibet 's) Potala Palace) , (NP (NP former home) (PP of (NP the Dalai Lama)))))))))) , (NP-SBJ the China News Service) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The Dalai Lama) , (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP was (ADVP just) (VP awarded (NP *-1) (NP the Nobel Peace Prize))))) ,) (VP lives (PP-MNR in (NP exile)) (PP-LOC in (NP India))) .)) (TOP (S (NP-SBJ-1 (NP George W. Koch) , (ADJP (NP 63 years) old) , (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP (NP Grocery Manufacturers) (PP of (NP America Inc.))))) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP (NP this maker) (PP of (NP (NP spices) , (NP seasonings) and (NP specialty foods))))))) , (S-ADV (NP-SBJ *-1) (VP succeeding (NP (NP Erskin N. White Jr.) , (NP 65) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP resigned)))))))) .)) (TOP (S (NP-SBJ American Business Computer Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP (ADVP-MNR privately) placed (NP 1,035,000 common shares) (PP-CLR at (NP (NP $ 2.50 *U*) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ-1 The placement) (VP was (VP made (NP *-1) (PP-MNR through (NP (NP Gray Seifert Securities) , (NP-LOC New York) ,)) (PP-DIR to (NP institutional investors)))) .)) (TOP (S (NP-SBJ-1 Proceeds) (VP will (VP be (VP used (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP (VP commercialize (NP (ADJP recently patented) technology)) and (VP support (NP (NP the company 's) international expansion)))))))) .)) (TOP (S (NP-SBJ The company) (VP develops and markets (NP products) (PP for (NP the food service industry))) .)) (TOP (S (NP-SBJ THE R.H. MACY & CO . department-store chain) (VP is n't (PP-PRD for (NP sale))) .)) (TOP (S (PP-LOC In (NP (NP yesterday 's) edition)) , (NP-SBJ-1 it) (VP was (VP (ADVP-MNR incorrectly) included (NP *-1) (PP with (NP (NP a list) (PP of (NP (NP New York chains) (PP up (PP for (NP sale))))))))) .)) (TOP (S (S (NP-SBJ Korean car exports) (VP have (VP slid (NP-EXT (QP about 40) %) (NP-TMP (ADVP so far) this year)))) , but (S (NP-SBJ (NP auto makers) (ADVP-LOC here)) (VP are n't (VP panicking))) .)) (TOP (S (NP-SBJ They) (VP are (VP enjoying (NP (NP domestic sales) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD (ADJP more) (PP than (S-NOM (NP-SBJ *) (VP making (PRT up) (PP-CLR for (NP lost overseas sales)))))))))))) .)) (TOP (S (NP-SBJ-1 (ADJP South Korean) consumers) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP buy (NP (QP almost 500,000) passenger cars))) (NP-TMP this year) , (ADVP up (NP 60 %) (PP-TMP from (NP 1988)))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ some auto executives) (VP suggest (SBAR that (S (S (NP-SBJ (NP slackened demand) (PP for (NP their cars)) (PP-LOC in (NP (NP the U.S.) and (NP Canada)))) (VP is (NP-PRD a blessing))) ; (S (ADVP otherwise) (NP-SBJ-1 they) (VP would n't (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP keep (PRT up) (PP-CLR with (NP (NP demand) (PP-LOC in (NP the more profitable local market)))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 We) (VP are (ADJP-PRD very lucky (S (NP-SBJ *-1) (VP to (VP (ADVP-MNR easily) change (NP an export loss) (PP-CLR to (NP domestic plus)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Hong Tu Pyo) , (NP (NP managing director) (PP of (NP (NP domestic marketing) (PP for (NP Hyundai Motor Co)))))) .)) (TOP (S (SBAR-ADV As (FRAG (S (NP-SBJ it) (VP is (ADVP-PRD *?*))))) , (NP-SBJ (NP waiting lists) (PP of (NP a month)) (PP *ICH*-1)) (VP are n't (ADJP-PRD unusual) (PP-1 for (NP popular models))) .)) (TOP (S (NP-SBJ Demand) (VP is (ADJP-PRD (ADJP so strong) (SBAR that (S (NP-SBJ-1 (NP all) (PP of (NP (NP the domestic makers) -- (NP (NP Hyundai) , (NP Kia Motors Corp.) , (NP Daewoo Motor Co.) and (NP even upstart SsangYong Motor Co.)) --))) (VP plan (S (NP-SBJ *-1) (VP to (VP build (NP more factories))))))))) .)) (TOP (S (NP-SBJ Industry analysts) (VP predict (SBAR that (S (PP-TMP by (NP 1995)) , (NP-SBJ South Korea) (VP will (VP be (VP building (NP (NP (QP three million) cars) (NP-ADV a year) -- (NP (NP (QP about half)) (PP of (NP that)) (PP for (NP export)))))))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP an optimistic move) (PP-LOC in (NP (NP a industry) (VP (ADVP already) facing (NP world-wide overcapacity)))))) .)) (TOP (S But (NP-SBJ (ADJP South Korean) auto makers) (VP are (ADJP-PRD confident (SBAR (SBAR that (S (NP-SBJ the export market) (VP will (VP bounce (ADVP back))))) and (SBAR that (S (NP-SBJ (NP demand) (PP-LOC in (NP Korea))) (VP will (VP stay (ADJP-PRD strong)))))))) .)) (TOP (S (ADVP-TMP Currently) (NP-SBJ (NP only one) (PP in (NP 38 South Koreans))) (VP owns (NP a car) , (ADVP up (PP from (NP (NP one) (PP in (NP 200))) (ADVP-TMP (NP a decade) ago)))) .)) (TOP (S `` (PP-TMP In (NP the year 2000)) (NP-SBJ it) (VP will (VP be (NP-PRD (NP one car) (PP per (NP family))))) .)) (TOP (SINV (S-TPC-1 (PP-TMP At (NP that point)) (NP-SBJ domestic sales) (VP will (VP slow (ADVP down)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Kim Yoon Kwon) , (NP (NP director) (PP of (NP marketing)) (PP for (NP Daewoo Motor)))) .)) (TOP (S (S (NP-SBJ (NP The reason) (PP for (NP the tremendous demand))) (VP is (NP-PRD simple))) : (S (NP-SBJ South Koreans) (ADVP suddenly) (VP have (NP (ADJP a lot more) money))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ We) (ADVP-TMP never) (VP thought (SBAR 0 (S (NP-SBJ we) (VP 'd (VP own (NP a car))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Kwang Ok Kyong) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP just) (VP bought (NP a Daewoo LeMans) (PP-MNR on (NP a five-year loan)))))) .)) (TOP (S (NP-SBJ (NP She) and (NP her husband)) (VP (VP started (NP a small printing business)) and (VP need (NP the car) (PP-PRP (PP for (NP work)) (CONJP as well as) (PP for (NP weekend jaunts))))) .)) (TOP (S (NP-SBJ (NP Pay raises) (PP of (NP 60 %)) (PP-TMP over (NP the past three years))) (VP have (VP given (NP many South Koreans) (NP (NP the money) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP enjoy (NP (NP the things) (SBAR (WHADVP-3 0) (S (NP-SBJ they) (VP were (VP supplying (NP (NP the rest) (PP of (NP the world))) (ADVP-CLR *T*-3)))))) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP The success) (PP of (NP newcomer SsangYong Motor))) (VP shows (NP (NP (NP the strength) (PP of (NP the auto market))) and (NP its growing diversity))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD (NP A part) (PP of (NP the construction-oriented conglomerate SsangYong Group)))) , (NP-SBJ-1 it) (VP took (PRT over) (NP the dying Dong-A Motor Co.) (PP-TMP in (NP 1986))) .)) (TOP (S (NP-SBJ-1 SsangYong) (VP began (S (NP-SBJ *-1) (VP making (NP (NP variations) (PP of (NP the Jeep-like `` Korando '' vehicle)))))) .)) (TOP (S -LRB- (NP-SBJ Dong-A) (VP had (VP had (NP (NP a technology agreement) (PP with (NP (NP Jeep maker American Motors Corp.) , (NP (ADVP-TMP now) (NP a part) (PP of (NP Chrysler Corp)))))))) . -RRB-)) (TOP (S (NP-SBJ The (ADJP most popular) style) (VP is (NP-PRD (NP the stretched `` Family) , '' (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP resembles (NP a (NX (NX Ford Bronco) or (NX Chevy Blazer)))))))) .)) (TOP (S (S (NP-SBJ The four-wheel-drive vehicles) (VP start (PP-CLR at (NP $ 15,000 *U*)))) ; (S (NP-SBJ a Family) (VP can (VP cost (NP (QP over $ 25,000) *U*)))) .)) (TOP (S (NP-SBJ (NP SsangYong) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP has (NP (NP (QP only about 3) %) (PP of (NP the domestic market)))))) ,) (VP will (VP sell (NP (NP (NP (QP about 18,000)) (PP of (NP its models))) (NP *ICH*-2)) (NP-TMP this year) , (NP-2 (NP (QP twice as many)) (PP as (NP last year))))) .)) (TOP (S (NP-SBJ It) (VP sees (S (NP-SBJ sales) (VP rising (NP-EXT 45 %) (PP-DIR to (NP 26,000 units) (NP-TMP next year))))) .)) (TOP (S (NP-SBJ-1 The company) (VP plans (S (NP-SBJ *-1) (VP to (VP expand (NP plant capacity) (NP-EXT 50 %) (PP-TMP by (NP 1991)))))) .)) (TOP (S (PP-TMP By (ADVP then)) (NP-SBJ-1 it) (ADVP also) (VP hopes (S (NP-SBJ-2 *-1) (VP to (VP begin (S (NP-SBJ *-2) (VP producing (NP (NP a passenger car) (VP (VP based (NP *) (PP-CLR on (NP the Volvo 240))) and (VP selling (PP-CLR for (NP (QP about $ 20,000) *U*))))))))))) .)) (TOP (S (S (NP-SBJ Hyundai and Daewoo) (VP seem (ADJP-PRD unconcerned (PP about (NP the SsangYong threat))))) , but (S (NP-SBJ (NP Kia) , (NP the scrappy No.3 auto maker) ,) (VP is (VP selling (NP four-wheel-drive vehicles) (PP-MNR through (NP its Asia unit))))) .)) (TOP (S (NP-SBJ-1 It) (VP plans (S (NP-SBJ *-1) (VP to (VP sell (NP 1,700 units) (PP-TMP in (NP 1989)))))) .)) (TOP (S (NP-SBJ (NP Kia) , (NP (NP the only Korean car maker) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP seen (S (NP-SBJ its overseas sales) (VP grow (PP-TMP in (NP 1989))))))))) ,) (VP aims (PP-CLR at (NP (NP Korea 's) common man))) .)) (TOP (S (NP-SBJ Its advantage) (VP has (VP been (NP-PRD (NP the peppy little Pride) , (VP sold (NP *) (PP-CLR as (NP the Ford Festiva)) (PP-LOC in (NP the U.S)))))) .)) (TOP (S (PP At (NP (NP (QP 3.8 million) won) , or (NP $ 5,700 *U*) ,)) (NP-SBJ the econobox) (VP is (NP-PRD the lowest-priced car) (PP-LOC in (NP South Korea))) .)) (TOP (S (PP Along (PP with (NP two larger models))) , (NP-SBJ the company) (VP claims (NP (NP 18 %) (PP of (NP the domestic market)))) .)) (TOP (S (NP-SBJ (NP Ford Motor Co.) and (NP (NP Japan 's) Mazda Motor Corp.)) (VP have (NP (NP equity interests) (PP in (NP Kia)))) .)) (TOP (S (NP-SBJ Kia) (VP is (NP-PRD (NP the most aggressive) (PP of (NP the Korean Big Three))) (PP in (S-NOM (NP-SBJ *) (VP offering (NP financing))))) .)) (TOP (S (NP-SBJ (NP Loans) (PP for (ADVP as long (PP as (NP five years))))) (VP make (S (NP-SBJ the cars) (ADJP-PRD very accessible)) , (PP with (NP (NP monthly payments) (ADJP as low (PP as (NP (NP 80,000 won) , or (NP $ 120 *U*))))))) .)) (TOP (S (NP-SBJ (NP Daewoo Motor) , (NP (NP a 50-50 joint venture) (PP with (NP (NP General Motors Corp.) and (NP the Daewoo Group conglomerate)))) ,) (VP is (NP-PRD (NP the only auto maker) (SBAR (WHNP-51 that) (S (NP-SBJ-1 *T*-51) (VP appears (S (NP-SBJ *-1) (VP to (VP be (VP hurting))))))))) .)) (TOP (S (NP-SBJ (NP Shipments) (PP of (NP its Lemans)) (PP to (NP (NP GM 's) Pontiac division))) (VP are (ADVP-PRD off (NP (QP about 65) %)) (PP from (ADVP-TMP (NP a year) ago)) , (PP versus (NP (NP (NP a (ADJP 44 %) decline) (PP for (NP Hyundai))) and (NP (NP an (ADJP 18 %) increase) (PP for (NP Kia)))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ (NP Daewoo 's) domestic sales) (VP have (VP grown (ADVP (ADVP half as fast) (PP as (NP (NP sales) (PP of (NP its rivals))))))) .)) (TOP (S (NP-SBJ (NP The big problem) (PP for (NP (NP Daewoo) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP holds (NP (NP (QP about 21) %) (PP of (NP the market)))))) ,))) (VP is (NP-PRD (NP the long series) (PP of (NP (NP labor disruptions) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP suffered (NP *T*-2) (NP-TMP this year)))))))) .)) (TOP (S But (NP-SBJ Daewoo) (VP is (VP expanding (ADVP too))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ-1 (NP a sister company) , (NP Daewoo Shipbuilding and Heavy Machinery) ,) (VP plans (S (NP-SBJ *-1) (VP to (VP build (NP 240,000 minicars) (PP-TMP by (NP the mid-1990s)))))) .)) (TOP (S (NP-SBJ-1 (NP Hyundai) , (NP (NP the Korean market leader) (PP with (NP a (ADJP 58 %) share))) ,) (ADVP also) (VP plans (S (NP-SBJ *-1) (VP to (VP jump (PP-CLR into (NP minicars)) (PP-TMP at (NP the same time)))))) .)) (TOP (S (NP-SBJ It) (VP has (NP (NP a similar project) (PP for (NP (NP 200,000 cars) (NP-ADV a year))))) .)) (TOP (S (NP-SBJ Kia) (VP is (ADVP reportedly) (ADVP also) (VP considering (NP (ADJP such a) plan))) .)) (TOP (S (S (NP-SBJ-1 Even giant Samsung Group) (VP is (VP rumored (PP-LOC in (NP the Korean press)) (S (NP-SBJ-2 *-1) (VP to (VP be (VP considering (S (NP-SBJ *-2) (VP getting (PP-CLR into (NP the auto-making business))))))))))) ; (S (NP-SBJ a company spokesman) (VP had (NP no comment))) .)) (TOP (S (NP-SBJ-1 (NP Robert P. Bulseco) , (ADJP (NP 44 years) old) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP president) and (NP chief administrative officer)) (PP of (NP this regional commercial bank)))))) .)) (TOP (S (NP-SBJ Both posts) (VP had (VP been (ADJP-PRD vacant))) .)) (TOP (S (NP-SBJ-1 (NP Robert Robie) , (NP 51) ,) (VP was (VP named (NP *-1) (PP-CLR to (NP (NP the new positions) (PP of (NP (NP vice chairman) and (NP chief credit officer))))))) .)) (TOP (S (NP-SBJ-1 Many skittish mutual fund investors) (VP (VP picked (PRT up) (NP the phone) (NP-TMP yesterday)) , but (VP decided (S not (NP-SBJ *-1) (VP to (VP cash (PRT in) (NP their chips) (PP after (NP all))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ the stock market) (VP bounced (ADVP back)))) , (NP-SBJ (NP withdrawals) (PP of (NP money)) (PP from (NP stock funds))) (VP amounted (PP-CLR to (NP a mere trickle)) (PP compared (PP with (NP (NP Black Monday) , (SBAR (WHADVP-1 when) (S (NP-SBJ investors) (VP dumped (NP (NP (QP $ 2.3 billion) *U*) , or (NP (NP (QP about 2) %) (PP of (NP stock-fund assets)))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Fidelity Investments) , (NP (NP the nation 's) largest fund company) ,) (VP said (SBAR 0 (S (NP-SBJ phone volume) (VP was (NP-PRD (NP (QP more than double) its typical level) , but (ADVP still) (NP (NP half that) (PP of (NP (NP Oct. 19) , (NP 1987))))))))) .)) (TOP (S (NP-SBJ (NP Net outflows) (PP from (NP (NP Fidelity 's) stock funds))) (VP stood (PP-LOC (PP at (NP (QP less than $ 300 million) *U*)) , or (PP below (NP (NP 15 %) (PP of (NP (NP the (ADJP (QP $ 2 billion) *U*) cash position) (PP of (NP (NP the firm 's) stock portfolios)))))))) .)) (TOP (S (NP-SBJ-1 (NP Much) (PP of (NP the money))) (VP was (VP switched (NP *-1) (PP-CLR into (NP (NP the firm 's) money market funds)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Outflows) (PP-TMP since (NP (NP the close) (PP of (NP trading)) (NP Friday)))) (VP remain (PP-LOC-PRD below (NP (NP one-third their level) (PP of (ADVP-TMP (NP two years) ago)))))) , (NP-SBJ Fidelity) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Other mutual fund companies) (VP reported (NP (ADJP even lighter) withdrawal requests)) .)) (TOP (S And (NP-SBJ-1 (NP some investors) (PP-LOC at (NP Fidelity and elsewhere))) (ADVP even) (VP began (S (NP-SBJ *-1) (VP buying (NP stock funds) (PP-TMP during (NP the day))))) .)) (TOP (SINV `` (S-TPC-1 (ADVP-TMP (NP Two years) ago) , (NP-SBJ there) (VP was (NP-PRD (NP (NP a lot) (PP of (NP redemption activity))) and (NP (NP trouble) (PP with (S-NOM (NP-SBJ people) (VP getting (PRT through) (PP on (NP the phone))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Kathryn McGrath) , (NP (NP head) (PP of (NP (NP the investment management division) (PP of (NP the Securities and Exchange Commission)))))) .)) (TOP (S (NP-TMP This time) , `` (NP-SBJ We) (VP do n't (VP have (NP that) (ADVP at all))) . '')) (TOP (S (PP Of (NP course)) , (NP-SBJ-1 the relative calm) (VP could (VP be (VP jolted (NP *-1) (SBAR-ADV if (S (NP-SBJ the market) (VP plunges (ADVP again))))))) .)) (TOP (S And (NP-SBJ (NP any strong surge) (PP in (NP redemptions))) (VP could (VP force (S (NP-SBJ-1 some funds) (VP to (VP dump (NP stocks) (S-PRP (NP-SBJ *-1) (VP to (VP raise (NP cash)))) , (SBAR-ADV as (S (NP-SBJ some) (VP did (VP *?* (PP-TMP during (NP Black Monday))))))))))) .)) (TOP (S But (NP-SBJ funds) (ADVP generally) (VP are (ADJP-PRD better prepared) (ADVP-TMP (NP this time) around)) .)) (TOP (S (PP As (NP a group)) , (NP-SBJ (NP their cash position) (PP of (NP (NP (NP 10.2 %) (PP of (NP assets)) (PP-TMP in (NP August))) -- (NP (NP the latest figure) (ADJP available)) --))) (VP is (ADJP-PRD (ADJP (NP-ADV 14 %) higher) (PP than (ADVP-TMP (NP two years) earlier)))) .)) (TOP (S (NP-SBJ Many fund managers) (VP have (VP boosted (NP their cash levels) (PP-TMP in (NP recent weeks)))) .)) (TOP (S (NP-SBJ (NP The biggest flurry) (PP of (NP investor activity))) (VP came (ADVP-TMP early (PP in (NP the day)))) .)) (TOP (S (NP-SBJ Vanguard Group Inc.) (VP saw (NP (NP heavy exchanges) (PP from (NP stock funds)) (PP into (NP money market funds))) (SBAR-TMP after (S (NP-SBJ the telephone lines) (VP opened (PP-TMP at (NP 8:30 a.m)))))) .)) (TOP (S `` (S-TPC-1 (PP-TMP In (NP the first hour)) , (NP-SBJ the (ADJP real nervous) folks) (VP came (ADVP along))) , '' (NP-SBJ a spokesman) (VP said (S *T*-1)) .)) (TOP (S `` But (NP-SBJ (NP the horrendous pace) (PP of (NP call volume)) (PP in (NP the first half-hour))) (VP slowed (ADVP-MNR considerably)) . '')) (TOP (S (PP-LOC At (NP Scudder , Stevens & Clark Inc.)) , (NP-SBJ phone calls) (VP came (PRT in) (PP-MNR at (NP (NP (NP-ADV 40 %) more) (PP than (NP the normal pace)))) (PP-TMP through (NP early afternoon))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP that increase))) (VP came (PP-TMP in (NP (NP the first hour) (SBAR-TMP after (S (NP-SBJ the phone lines) (VP opened (PP-TMP at (NP 8 a.m)))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ stocks) (VP rose))) , (PP in (NP fact)) , (NP-SBJ some investors) (VP (VP changed (NP course)) and (VP reversed (NP their sell orders))) .)) (TOP (S (NP-SBJ Many funds) (VP allow (S (NP-SBJ investors) (VP to (VP void (NP orders) (PP-TMP before (NP (NP the close) (PP of (NP trading)))))))) .)) (TOP (S (PP-LOC (PP At (NP Scudder)) and (PP at (NP (NP the smaller Ivy funds group) (PP-LOC in (NP (NP Hingham) , (NP Mass.) , (PP for (NP instance))))))) , (NP-SBJ-1 some shareholders) (VP (VP called (PP-TMP (ADVP early) in (NP the morning)) (S-PRP (NP-SBJ *-1) (VP to (VP switch (NP money) (PP-DIR from (NP stock funds)) (PP-DIR to (NP money market funds)))))) , but (VP (ADVP-TMP later) called (ADVP back) (S-PRP (NP-SBJ *-1) (VP to (VP reverse (NP the switches)))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ mutual fund trades) (VP do n't (VP take (NP effect) (PP-TMP until (NP (NP the market close) (PRN -- (PP in (NP this case)) , (PP-TMP at (NP 4 p.m.)) --))))))) (NP-SBJ these shareholders) (VP (ADVP effectively) stayed (PRT put)) .)) (TOP (S (PP-LOC At (NP (NP (NP Fidelity 's) office) (PP-LOC in (NP downtown Boston)))) , (NP-SBJ Gerald Sherman) (VP (VP walked (PRT in) (PP-TMP (ADVP shortly) after (NP 7:30 a.m.))) and (VP placed (NP an order (S (NP-SBJ *) (VP to (VP switch (NP his retirement accounts) (PP-DIR out (PP of (NP three stock funds))) and (PP-DIR into (NP a money market fund)))))))) .)) (TOP (S But (PP-TMP by (NP 3:15 p.m.)) , (PP with (NP (NP the market) (ADJP comfortably ahead (PP for (NP the day))))) , (NP-SBJ-1 Mr. Sherman) (VP was (VP preparing (S (NP-SBJ *-1) (VP to (VP undo (NP his switch)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (NP-PRD a nice feeling) (S-1 (NP-SBJ *) (VP to (VP know (SBAR that (S (NP-SBJ things) (VP stabilized)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Mr. Sherman) , (NP (NP the 51-year-old co-owner) (PP of (NP a discount department store)))) .)) (TOP (S But (NP-SBJ-1 some investors) (VP continued (S (NP-SBJ *-1) (VP to (VP switch (PP-DIR out (PP of (NP high-risk , high-yield junk funds))))))) (PP despite (NP (NP (NP yesterday 's) rebound) (PP from (NP (NP that market 's) recent price declines)))) .)) (TOP (S (NP-SBJ Shareholders) (VP have (VP been (VP (ADVP-MNR steadily) bailing (PRT out) (PP-CLR of (NP several big junk funds)) (NP-TMP the past several weeks) (SBAR-ADV as (S (NP-SBJ-1 the (ADJP (QP $ 200 billion) *U*) market) (VP was (VP jolted (NP *-1) (PP by (NP-LGS (NP (NP a cash crunch) (PP-LOC at (NP Campeau Corp.))) and (NP steadily declining prices)))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Much) (PP of (NP the money))) (VP has (VP been (VP switched (NP *-1) (PP-DIR into (NP money market funds)))))) , (NP-SBJ fund executives) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (PP Instead of (S-NOM (NP-SBJ-1 *-2) (VP selling (NP bonds) (S-PRP (NP-SBJ *-1) (VP to (VP meet (NP redemptions))))))) , (ADVP however) , (NP-SBJ-2 some funds) (VP have (VP borrowed (PP-CLR from (NP banks)) (S-PRP (NP-SBJ *-2) (VP to (VP meet (NP withdrawal requests)))))) .)) (TOP (S (NP-SBJ This) (VP avoids (S (NP-SBJ *) (VP knocking (PRT down) (NP prices) (ADVP further)))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ The (ADJP (QP $ 1.1 billion) *U*) T. Rowe Price High Yield Fund) (VP was (PP-LOC-PRD among (NP (NP the funds) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP borrowed (PP-TMP during (NP the Campeau crisis))))))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP George J. Collins) , (NP (NP president) (PP of (NP T. Rowe Price Associates Inc)))) .)) (TOP (S (NP-ADV That way) , (NP-SBJ Mr. Collins) (VP says , `` (S (NP-SBJ-1 We) (VP did n't (VP have (S (NP-SBJ *-1) (VP to (VP sell (NP securities) (PP-LOC in (NP a sloppy market))))))))) . '')) (TOP (S-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the market) (VP stabilized (ADVP-TMP *T*-1)))) (PRN , (S (NP-SBJ he) (VP added (SBAR 0 (S *T*-2)))) ,) (NP-SBJ the firm) (VP (VP sold (NP the bonds)) and (VP (ADVP quickly) paid (NP the loans) (PRT back))) .)) (TOP (S (NP-SBJ Tom Herman) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ Amcore Financial Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP (NAC Central (PP of (NP Illinois))) Inc.) (PP-MNR in (NP a stock swap))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Shareholders) (PP of (NP (NP Central) , (NP (NP a bank holding company) (VP based (NP *) (PP-LOC in (NP (NP Sterling) , (NP Ill.) ,))))))) (VP will (VP receive (NP (NP Amcore stock) (ADJP equal (PP to (NP (QP 10 times) (NP Central 's) 1989 earnings))))))) , (NP-SBJ Amcore) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP For (NP (NP the first nine months) (PP of (NP 1989)))) , (NP-SBJ Central) (VP earned (NP (QP $ 2 million) *U*)) .)) (TOP (S (NP-SBJ (NP Amcore) , (ADVP also) (NP a bank holding company) ,) (VP has (NP (NP assets) (PP of (NP (QP $ 1.06 billion) *U*)))) .)) (TOP (S (NP-SBJ (NP Central 's) assets) (VP are (NP-PRD (QP $ 240 million) *U*)) .)) (TOP (S -LRB- (PP-TMP During (NP its centennial year)) , (NP-SBJ The Wall Street Journal) (VP will (VP report (NP (NP events) (PP of (NP the past century)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stand (PP-CLR as (NP (NP milestones) (PP of (NP American business history)))))))))) . -RRB-)) (TOP (S (NP-SBJ SOFT CONTACT LENSES) (VP (VP WON (NP federal blessing) (PP-TMP on (NP (NP March 18) , (NP 1971)))) , and (VP (ADVP quickly) became (NP-PRD eye openers) (PP for (NP their makers)))) .)) (TOP (S (NP-SBJ The Food and Drug Administration) (NP-TMP that day) (VP said (SBAR 0 (S (NP-SBJ-1 Bausch & Lomb) (VP could (VP start (S (NP-SBJ *-1) (VP selling (NP them) (PP-LOC in (NP the U.S))))))))) .)) (TOP (S (NP-SBJ The cornflake-size product) (VP was (ADJP-PRD (ADJP (ADJP more comfortable) and (ADJP less prone (PP to (S-NOM (NP-SBJ *) (VP falling (PRT out)))))) (PP than (NP (NP hard contact lenses) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP been (ADVP-LOC-PRD around) (PP-TMP since (NP 1939)))))))))) .)) (TOP (S (NP-SBJ Bausch & Lomb) (VP sold (NP the softies) (PP-LOC under (NP (NP a sublicense) (PP from (NP (NP National Patent Development) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP gained (NP (NP the rights) (PP from (NP (NP the Czechoslovakia Academy) (PP of (NP Sciences)))))))))))))) .)) (TOP (S (NP-SBJ (NP Otto Wichterle) , (NP a Czech) ,) (VP invented (NP them) (PP-TMP in (NP 1962))) .)) (TOP (S (NP-SBJ-1 The plastic lens) (VP wraps (NP itself) (PP-LOC over (NP the cornea)) , (S-ADV (NP-SBJ-2 *-1) (VP absorbing (NP eye moisture) (SBAR-TMP while (S (NP-SBJ *-2) (VP permitting (S (NP-SBJ oxygen) (VP to (VP pass (PRT through)))))))))) .)) (TOP (S But (NP-SBJ the new lens) (VP became (NP-PRD (NP the eye) (PP of (NP a storm)))) .)) (TOP (S (PP-TMP In (NP September 1971)) (NP-SBJ California officials) (VP seized (NP (NP `` bootlegged '' lenses) -- (VP made (NP *) (PP by (NP-LGS unlicensed companies))) --) (SBAR-TMP after (S (NP-SBJ some) (VP showed (NP (NP traces) (PP of (NP bacteria))))))) .)) (TOP (S (PP-TMP In (NP October)) (NP-SBJ doctors) (VP were (VP debating (NP (NP the product 's) safety)) , (S-ADV (NP-SBJ some) (VP claiming (SBAR 0 (S (NP-SBJ it) (VP caused (NP infections))))))) .)) (TOP (S And (NP-SBJ there) (VP were (NP-PRD (NP Senate hearings) (PP on (NP the questions))) (PP-TMP in (NP July 1972))) .)) (TOP (S (NP-SBJ-1 The product) (VP (VP overcame (NP the bad publicity)) and (VP kept (S (NP-SBJ *-1) (VP evolving)))) .)) (TOP (S (NP-SBJ-2 (NP The early soft lenses) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP cost (NP (NP $ 300 *U*) (NP-ADV a set))))) ,) (VP were (VP expected (S (NP-SBJ *-2) (VP to (VP last (PP-TMP for (NP a year))))))) .)) (TOP (S (PP-TMP In (NP 1983)) (NP-SBJ-2 (NP `` extended wear '' versions) , (VP designed (S (NP-SBJ-1 *) (VP to (VP be (VP worn (NP *-1) (PP-TMP for (NP (NP 30 days) (PP at (NP a time))))))))) ,) (VP wree (VP offered (NP *-2))) .)) (TOP (S (S (ADVP-TMP (NP Eighteen months) ago) (NP-SBJ a (ADJP `` disposable '' seven-day) model) (VP bowed)) ; (S (NP-SBJ (NP a year 's) supply) (VP costs (NP (QP about $ 500) *U*))) .)) (TOP (S (NP-TMP Last month) (NP-SBJ (NP the FDA) and (NP Contact Lens Institute)) (VP cautioned (NP users) (SBAR that (S (NP-SBJ serious eye infections) (VP could (VP result (PP-CLR from (S-NOM (NP-SBJ *) (VP wearing (NP lenses) (NP (NP (QP more than seven) days) (PP at (NP a stretch))))))))))) .)) (TOP (S (NP-TMP Today) (NP-SBJ (NP (NP (QP 20 million)) (PP of (NP (NP the (QP 25 million) Americans) (VP using (NP contact lenses)))))) (VP are (VP using (NP the soft type))) .)) (TOP (S (PP Including (NP the accesory eye care products)) , (NP-SBJ contacts) (VP account (PP-CLR for (NP (NP (QP $ 2 billion) *U*) (PP in (NP annual retail sales))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Bausch) (VP remains (NP-PRD the leader) (PP-LOC among (NP the six majors))))) , (NP-SBJ (NP Johnson & Johnson) , (PP with (NP its new disposables)) ,) (VP is (VP coming (PRT on) (ADVP-MNR fast))) .)) (TOP (S (NP-SBJ The roller-coaster stock market) (VP is (VP making (S (NP-SBJ life) (ADJP-PRD tougher (PP for (NP (NP small companies) (VP trying (S (NP-SBJ *) (VP to (VP raise (NP money))))))))))) .)) (TOP (S (S (PP-LOC In (NP (NP the wake) (PP of (NP (NP (NP Friday 's) plunge) and (NP (NP yesterday 's) rebound))))) , (NP-SBJ some companies) (VP are (ADVP already) (VP postponing (NP deals)))) , and (S (NP-SBJ others) (VP wish (SBAR 0 (S (NP-SBJ they) (VP could (VP *?*)))))) .)) (TOP (S (PP As (PP in (NP other jittery times))) , (NP-SBJ-1 many small businesses) (VP expect (NP a (ADJP particularly rough) time) (S-ADV (NP-SBJ *-1) (VP raising (NP funds))) (SBAR-ADV as (S (NP-SBJ-2 investors) (VP shun (NP risky deals) , (S-ADV (NP-SBJ *-2) (VP seeking (NP safety) (PP-LOC in (NP bigger companies)))))))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ stock prices) (VP (ADVP-MNR fully) recover (PP-CLR from (NP (NP Friday 's) sharp decline))))) , (NP-SBJ the unsettled conditions) (VP will (VP frighten (NP many investors))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The implication) (PP of (NP an unsettled situation))) (VP is (SBAR-PRD that (S (NP-SBJ the thing) (VP could (VP drop (ADVP-MNR dramatically))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Henry Linsert Jr.) , (NP (NP (NP chairman) (PP of (NP Martek Corp.))) , (NP (NP a four-year-old biotechnology company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (VP planning (NP (NP a private placement) (PP of (NP stock)))))))))) .)) (TOP (X `` (NP (NP The more variables) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP indicate (NP risk))))) , (NP (NP the more) (SBAR 0 (S (NP-SBJ-2 the investor) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP drive (NP a hard bargain))))))))) . '')) (TOP (S (NP-SBJ Earlier this month) , (NP-SBJ (NP Staples Inc.) , (NP a (NAC-LOC Newton , Mass. ,) office-supplies discounter) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP (VP accelerate (NP expansion plans) (ADVP-LOC nationwide)) and (VP offer (NP (NP more) (PP of (NP its stock))) (PP-DTV to (NP the public)))))))) .)) (TOP (S (S (PP-TMP At (NP the time)) , (NP-SBJ its shares) (VP were (VP selling (PP-LOC above (NP (NP their initial offering price) (PP of (NP $ 19 *U*))))))) , and (S (NP-SBJ bankers) (VP believed (SBAR 0 (S (NP-SBJ Staples) (VP would (VP sell (NP new stock) (PP-MNR without (NP a hitch)))))))) .)) (TOP (S (S-TPC-1 But (PP with (S-NOM (NP-SBJ (NP the company 's) shares) (VP standing (PP-LOC at (NP $ 15 *U*)) (NP-TMP yesterday)))) , (NP-SBJ a new offering) (VP seems (ADJP-PRD unlikely))) , (NP-SBJ company officials) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (SINV (S-TPC-2 (S (NP-SBJ-1 Business) , (ADVP however) , (VP continues (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD `` robust)))))) , '' and (S (NP-SBJ the stock market) (VP has n't (VP affected (NP (NP the concern 's) expansion plans))))) , (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Todd Krasnow) , (NP a senior executive)) .)) (TOP (S (NP-SBJ Other companies) (VP figure (SBAR 0 (S (NP-SBJ they) (VP ca n't (VP avoid (NP the market)))))) .)) (TOP (S-1 `` (S (NP-SBJ We) (VP have (NP capital requirements))) (PRN , '' (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ Mr. Linsert)) ,) (S `` so (NP-SBJ-2 we) (VP have (S (NP-SBJ *-2) (VP to (VP go (ADVP-CLR ahead) '' (PP-CLR with (NP a planned (ADJP (QP $ 1.5 billion) *U*) private placement))))))) .)) (TOP (S-1 (SBAR-ADV Unless (S (NP-SBJ the market) (VP goes (ADVP-DIR right back up)))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ it) (VP may (VP take (NP-2 us) (NP (NP (QP six to nine) months) (PP *ICH*-3)) (S-PRP (NP-SBJ *-2) (VP to (VP find (NP the money)))) , (PP-3 instead (PP of (NP three))))) . '')) (TOP (S (S-TPC-2 And (NP-SBJ-1 the (NAC-LOC Columbia , Md. ,) company) (VP may (VP have (S (NP-SBJ *-1) (VP to (VP settle (PP-CLR for (NP a lower price)))))))) , (NP-SBJ he) (VP adds (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Life) (VP is (ADJP-PRD (ADVP particularly) nerve-racking) (PP for (NP (NP companies) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP had (VP planned (S (NP-SBJ *-2) (VP to (VP go (ADJP-PRD public) (NP-TMP this week))))))))))) .)) (TOP (S (NP-SBJ Hand-holding) (VP is (VP becoming (NP-PRD an investment-banking job requirement))) .)) (TOP (S (NP-SBJ (NP Robertson , Stephens & Co.) , (NP a San Francisco investment banking concern) ,) (VP has (NP (NP a client) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP looked (PRT forward) (PP-CLR to (S-NOM (NP-SBJ *) (VP making (NP its initial public offering) (NP-TMP yesterday))))))))) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ (NP Officers) (PP of (NP (NP the company) , (NP a health-care concern) ,))) `` (VP (VP were (ADJP-PRD very discouraged) (PP-TMP on (NP Friday))) and (VP felt (SBAR 0 (S (NP-SBJ they) (VP should n't (VP go (ADJP-PRD public)))))))) ; (S (NP-SBJ we) (VP felt (SBAR 0 (S (NP-SBJ they) (VP should (VP *?*))))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Sanford Robertson) , (NP (NP partner) (PP-LOC in (NP the banking concern)))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ the market) (VP dropped (NP-TMP Friday)))) , (NP-SBJ Robertson Stephens) (VP slashed (NP (NP the value) (PP of (NP the offering))) (PP-EXT by (NP 7 %))) .)) (TOP (S (NP (NP-TMP Yesterday) , (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ similar securities) (VP rebounded (ADVP-TMP *T*-1)))) ,) (NP-SBJ it) (VP bumped (NP the valuation) (PRT up) (ADVP again)) .)) (TOP (S (PP-TMP As (PP of (NP late yesterday))) , (NP-SBJ the IPO) (VP was (ADVP still) (ADVP-PRD on)) .)) (TOP (S (PP For (NP many)) , (NP-SBJ the situation) (VP is (ADJP-PRD especially discouraging) (SBAR-PRP because (S (NP-SBJ (NP the market) (PP for (NP IPOs))) (VP was (VP showing (NP (NP signs) (PP of (NP strengthening))) (PP-TMP after (NP (NP several years) (PP of (NP weakness))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 We) (VP were (ADVP just) (VP beginning (S (NP-SBJ *-1) (VP to (VP look (PP-CLR at (NP (NP the increase) (PP-TMP in (NP IPOs))))))) , (S-ADV (NP-SBJ *-1) (VP seeing (NP (NP the light) (PP-LOC at (NP (NP the end) (PP of (NP the tunnel)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Frank Kline Jr.) , (NP (NP partner) (PP in (NP (NP Lambda Funds) , (NP a (NAC-LOC Beverly Hills , Calif. ,) venture capital concern))))) .)) (TOP (S `` But (NP-SBJ the tunnel) (VP 's (ADVP just) (VP gotten (ADJP-PRD longer))) . '')) (TOP (SINV (S-TPC-2 (NP-SBJ (NP Companies) (VP planning (S (NP-SBJ *) (VP to (VP go (ADJP-PRD public)))))) `` (VP are (ADVP definitely) (VP taking (NP a second look)))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Allen Hadhazy) , (NP (NP senior analyst) (PP-LOC at (NP (NP (NP the Institute) (PP for (NP Econometric Research))) , (NP-LOC (NP Fort Lauderdale) , (NP Fla.) ,) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP publishes (NP (NP the New Issues newsletter) (PP on (NP IPOs)))))))))) .)) (TOP (S (NP-SBJ He) (VP calculates (SBAR that (S (NP-SBJ the recent market slide) (VP translated (PP-CLR into (NP (NP a (ADJP (QP 5 % to 7) %) reduction) (PP in (NP (NP IPO proceeds) (PP to (NP companies)))))))))) .)) (TOP (S (NP-SBJ Many companies) (VP are (VP hesitating)) .)) (TOP (S (NP-SBJ-2 Exabyte Corp.) (VP had (VP been (VP planning (S (NP-SBJ *-2) (VP to (VP sell (NP (NP 10 %) (PP of (NP its stock))) (NP-TMP this week) (PP-LOC in (NP (NP an IPO) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP raise (NP (QP up to $ 28.5 million) *U*))))))))))))) .)) (TOP (S But (ADVP-TMP now) , (NP-SBJ (NP Peter Behrendt) , (NP president) ,) (VP says , `` (S (NP-SBJ We) (VP 're (VP making (NP decisions) (PP-MNR on (NP a day-to-day basis)))))) . '')) (TOP (S (S-TPC-2 (S-ADV (NP-SBJ *-1) (ADJP-PRD Debt-free and profitable)) , (NP-SBJ-1 the (NAC-LOC Boulder , Colo. ,) computer-products concern) (VP could (VP borrow (NP funds) (SBAR-ADV if (S (NP-SBJ it) (VP decides (PP-CLR against (NP an IPO)) (ADVP-TMP now))))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP KnowledgeWare Inc.) , (NP an Atlanta computer-software concern) ,) (VP says (SBAR 0 (S (NP-SBJ-1 it) (VP is (ADVP still) (VP planning (S (NP-SBJ *-1) (VP to (VP go (ADVP-CLR ahead) (PP-CLR with (NP its IPO)) (NP-TMP (NP this week) or (NP next))))))) -- (SBAR-ADV unless (S (NP-SBJ conditions) (VP change)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD a wait-and-see situation) (ADVP-TMP right now))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Terry McGowan) , (NP president)) .)) (TOP (S (NP-SBJ Delayed financings) (ADVP also) (VP would (VP affect (NP (NP the operations) (PP of (NP many companies))))) .)) (TOP (S (NP-SBJ (NP Sierra Tucson Cos.) , (NP (NP a (NAC-LOC Tucson , Ariz. ,)) operator) (PP of (NP addiction-treatment centers)) ,) (VP has (NP (NP a planned doubling) (PP of (NP capacity)) (VP riding (PP-CLR on (NP (NP an IPO) (VP scheduled (NP *) (PP-CLR for (NP next week)))))))) .)) (TOP (S (NP-SBJ (NP William O'Donnell) , (NP president) ,) (VP says (SBAR 0 (S (NP-SBJ he) (ADVP still) (VP thinks (SBAR 0 (S (NP-SBJ the IPO) (VP will (VP succeed)))))))) .)) (TOP (S-1 (SBAR-ADV If (S (NP-SBJ it) (VP does n't (VP *?*)))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 the company) (VP would (VP have (S (NP-SBJ *-2) (VP to (VP change (NP its expansion timetable)))))) .)) (TOP (S But (NP-SBJ the market turmoil) (VP could (VP be (ADJP-PRD partially beneficial (PP for (NP some small businesses))))) .)) (TOP (SINV (S-TPC-1 (S (PP-LOC In (NP a sagging market)) , (NP-SBJ the Federal Reserve System) `` (VP might (VP flood (NP the market) (PP-CLR with (NP funds))))) , and (S (NP-SBJ that) (VP should (VP bring (NP interest rates) (PRT down))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Leonard T. Anctil) , (NP (NP vice president) (PP of (NP (NP (NP the Bank) (PP of (NP New England))) , (NP-LOC Boston))))) .)) (TOP (S (NP-SBJ (NP James G. Zafris) , (NP (NP president) (PP of (NP (NP Danvers Savings Bank) , (NP-LOC (NP Danvers) , (NP Mass.))))) ,) (VP says (SBAR 0 (S (NP-SBJ the market turmoil) `` (VP is (NP-PRD an absolute non-event) (PP for (NP small business)))))) . '')) (TOP (S-1 (PP For (NP small companies)) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ interest rates) (VP are (ADJP-PRD (ADJP far more important) (PP than (S-NOM (WHNP-2 what) (NP-SBJ *T*-2) (VP happens (PP-LOC on (NP stock exchanges))))))) .)) (TOP (S (NP-SBJ Mr. Zafris) (VP thinks (SBAR 0 (S (NP-SBJ rates) (VP are (VP heading (ADVP-DIR down) , (S-ADV (NP-SBJ *) (VP helping (NP small companies)))))))) .)) (TOP (S (NP-SBJ (NP Peter Drake) , (NP (NP biotechnology analyst) (PP for (NP (NP Vector Securities International) , (NP-LOC Chicago) ,)))) (VP thinks (SBAR 0 (S (NP-SBJ market uncertainty) (VP may (VP encourage (S (NP-SBJ small companies) (VP to (VP form (NP (NP (ADJP more strategic) alliances) (PP with (NP big corporations))))))))))) .)) (TOP (S (SBAR-PRP (ADVP Partly) because (S (NP-SBJ the 1987 market crash) (VP made (S (NP-SBJ it) (ADJP-PRD harder (SBAR for (S (NP-SBJ them) (VP to (VP find (NP financing)))))))))) , (NP-SBJ many high-technology concerns) (VP have (VP made (NP such alliances) (ADVP-TMP recently))) .)) (TOP (S (NP-SBJ Some) (VP (ADVP even) see (NP a silver lining) (PP-LOC in (NP the dark clouds))) .)) (TOP (S (NP-SBJ (NP Alan Wells) , (NP (NP president) (PP of (NP (NP Bollinger , Wells , Lett & Co.) , (NP a New York merger specialist) ,)))) (VP thinks (SBAR 0 (S (NP-SBJ panicky investors) (VP may (VP lose (NP (NP their enthusiasm) (PP for (NP leveraged buy-out and giant takeover deals)))))))) .)) (TOP (S (S-TPC-1 (ADVP Instead) , (NP-SBJ they) (VP could (VP turn (PP-CLR to (S-NOM (NP-SBJ *) (VP investing (PP-CLR in (NP (NP smaller deals) (VP involving (NP smaller companies)))))))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S And (NP-SBJ (NP William E. Wetzel Jr.) , (NP (NP (NAC a University (PP of (NP New Hampshire))) management professor) and (NP (NP director) (PP of (NP Venture Capital Network Inc.)))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP the market 's) gyrations) (VP will (VP underline (NP (NP (NP the investors ') lack) (PP of (NP (NP control) (PP-LOC in (NP big stock investments)))))))))) .)) (TOP (S-1 (NP-SBJ This) (VP will (VP add (PP-CLR to (NP (NP the appeal) (PP of (NP (NP small business) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (SBAR (WHADVP-2 where) (S (NP-SBJ investors) (ADVP often) (VP have (NP (NP a degree) (PP of (NP influence))) (ADVP-LOC *T*-2)))))))))) .)) (TOP (S (NP-SBJ (NP Bay Financial Corp.) , (VP hurt (NP *) (PP by (NP-LGS (NP high debts) and (NP deteriorating real estate investments)))) ,) (VP (VP reported (NP (NP a wider loss) (PP for (NP the fourth quarter)))) and (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP might (VP be (VP forced (S (NP-SBJ *-1) (VP to (VP seek (NP a bankruptcy-court reorganization)))) (SBAR-SBJ if (S (NP-SBJ it) (VP ca n't (VP renegotiate (NP its borrowings)))))))))))) .)) (TOP (S (NP-SBJ Bay) (VP said (SBAR 0 (S (NP-SBJ (NP a `` substantial part '') (PP of (NP (NP its debt) (ADJP outstanding)))) (VP is (PP-PRD in (NP default)) (PP-PRP as (NP (NP a result) (PP of (NP (NP inability (S (NP-SBJ *) (VP to (VP sell (NP certain properties) (ADVP-MNR quickly))))) and (NP (NP lower-than-expected prices) (PP for (NP (NP sales) (VP made (NP *))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ its real estate portfolio) (VP is (ADJP-PRD `` highly leveraged) , '' (SBAR-ADV while (S (NP-SBJ (NP (QP about two-thirds)) (PP of (NP its investments))) (VP are n't (ADJP-PRD income-producing)))))))) .)) (TOP (S (ADVP Thus) (NP-SBJ it) (VP is (VP coming (PRT up) (ADVP-MNR short) (PP-CLR on (NP a big bet (SBAR that (S (NP-SBJ (NP quick sales) (PP at (NP higher prices))) (VP would (VP enable (S (NP-SBJ it) (VP to (VP keep (PRT up) (PP-CLR with (NP mortgage and other debt payments))))))))))))) .)) (TOP (S (PP According (PP to (NP its latest annual report))) , (NP-SBJ (NP (QP about a quarter)) (PP of (NP (NP the company 's) holdings))) (VP are (PP-LOC-PRD in (NP Massachusetts)) , (PP-LOC in (NP (NP the midst) (PP of (NP a real-estate slump))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (NP (NP a net loss) (PP-TMP in (NP (NP its fourth quarter) (VP ended (NP-TMP June 30)))) (PP of (NP (NP (QP $ 36.2 million) *U*) , or (NP (NP $ 9.33 *U*) (NP-ADV a share)) ,)) (PP on (NP (NP revenue) (PP of (NP (QP $ 13.1 million) *U*))))))))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (NP-SBJ the company) (VP had (NP (NP a loss) (PP of (NP (NP (QP $ 10.8 million) *U*) , or (NP (NP $ 3.04 *U*) (NP-ADV a share)) ,)) (PP on (NP (NP revenue) (PP of (NP (QP $ 10.8 million) *U*)))))) .)) (TOP (S (PP-TMP For (NP the year)) , (NP-SBJ it) (VP had (NP (NP a net loss) (PP of (NP (NP (QP $ 62 million) *U*) , or (NP (NP $ 15.97 *U*) (NP-ADV a share)) ,)) (PP on (NP (NP revenue) (PP of (NP (QP $ 44.3 million) *U*)))))) .)) (TOP (S (PP-TMP In (NP the previous year)) , (NP-SBJ it) (VP had (NP (NP a loss) (PP of (NP (NP (QP $ 22.5 million) *U*) , or (NP (NP $ 6.52 *U*) (NP-ADV a share)) ,)) (PP on (NP (NP revenue) (PP of (NP (QP $ 41.1 million) *U*)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ it) (VP is (VP having (NP serious cash-flow problems))))) , (NP-SBJ Bay) (VP said (SBAR 0 (S (NP-SBJ (NP (NP the fair-market value) (PP of (NP its holdings))) , minus (NP debt) ,) (VP was (ADJP-PRD equal (PP to (NP (NP $ 6.02 *U*) (NP-ADV a share)))) (PP-TMP at (NP June 30)) (PP based (PP on (NP a recent appraisal))))))) .)) (TOP (S (NP-SBJ (NP Book value) (PP per (NP share)) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP based (NP *-1) (PP-CLR on (NP (NP investments) (PP at (NP cost)))))))) ,) (VP was (NP-PRD (NP a negative $ 6.69 *U*) (NP-ADV a share))) .)) (TOP (S (ADVP-TMP (NP A year) earlier) , (S (NP-SBJ (NP fair-market value) (PP per (NP share))) (VP was (NP-PRD $ 26.02 *U*))) and (S (NP-SBJ book value) (VP was (NP-PRD (NP $ 9.43 *U*) (NP-ADV a share)))) .)) (TOP (NP (NP (NP Annualized interest rates) (PP on (NP certain investments)) (SBAR as (S (NP-SBJ-1 *) (VP reported (NP *-1) (PP by (NP the Federal Reserve Board)) (PP-MNR on (NP a weekly-average basis)))))) : (NP-TMP (NP 1989) and (NP (NP Wednesday) (NP (NP October 4) , (NP 1989)))) .)) (TOP (NP (NP c-Yields) , (VP adjusted (NP *) (PP-CLR for (NP constant maturity))) .)) (TOP (S (S (NP-SBJ TRW Inc.) (VP reported (NP (NP a (ADJP 12 %) decline) (PP in (NP third-quarter net income))))) , but (S (NP-SBJ the company) (VP said (SBAR that (S (S-ADV (NP-SBJ *) (VP excluding (NP (NP unusual gains) (PP in (NP both quarters))))) , (NP-SBJ operating profit) (VP rose (NP-EXT 16 %)))))) .)) (TOP (S (NP-SBJ The electronics , automotive and aerospace concern) (VP said (SBAR 0 (S (NP-SBJ third-quarter net) (VP was (NP-PRD (NP (QP $ 60 million) *U*) , or (NP (NP 98 cents) (NP-ADV a share)) ,) (ADVP down (PP from (NP (NP (QP $ 68 million) *U*) , or (NP (NP $ 1.11 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ-1 Share earnings) (VP are (VP reported (NP *-1) (PP-MNR on (NP a (ADJP fully diluted) basis)) , (PP by (NP company tradition)))) .)) (TOP (S (NP-SBJ (NP Results) (PP for (NP the 1988 quarter))) (VP included (NP (NP (NP a gain) (PP of (NP (NP $ 1.05 *U*) (NP-ADV a share))) (PP from (NP (NP sale) (PP of (NP the Reda Pump and Oilwell Cable units))))) , (VP (ADVP partly) offset (NP *) (PP by (NP-LGS (NP a charge) (PP of (NP (NP 69 cents) (NP-ADV a share))) (PP for (NP (NP recall) (PP of (NP faulty truck steering systems))))))))) .)) (TOP (S (NP-SBJ The latest quarter) (VP included (NP (NP a gain) (PP of (NP (NP 11 cents) (NP-ADV a share)))) (PP as (NP (NP a partial reversal) (PP of (NP the recall charge)))) , (SBAR-PRP because (S (NP-SBJ (NP the reserve) (VP established (NP *) (NP-TMP last year))) (VP exceeded (NP the actual recall costs))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP the quarter))) (VP rose (NP-EXT 8.3 %) (PP-DIR to (NP (QP $ 1.79 billion) *U*)) , (PP-DIR from (NP (QP $ 1.65 billion) *U*)) , (PP with (S-NOM (NP-SBJ all three major product groups) (VP reporting (NP gains))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (S (NP-SBJ aerospace and defense sales) (VP were (ADVP-PRD up (NP 2 %)) (PP-TMP for (NP the quarter)) (PP-DIR to (NP (QP $ 802 million) *U*)))) , and (S (NP-SBJ operating profit) (VP climbed (NP-EXT 6 %) (PP-DIR to (NP (QP $ 61 million) *U*)))) , (PP-PRP (ADVP mainly) because of (NP (NP improved program performance) (PP-LOC in (NP spacecraft and advanced-technology contracts))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Automotive sales) (VP jumped (NP-EXT 16 %) (PP-DIR to (NP (QP $ 791 million) *U*)) , (PP-PRP (ADVP mainly) because of (NP (NP higher sales) (PP of (NP (NP air bags) and (NP other passenger restraint systems))))))) , (NP-SBJ TRW) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The group) (VP had (NP (NP an operating profit) (PP of (NP (QP $ 65 million) *U*))) , (PP against (NP (NP a loss) (PP of (NP (QP $ 13 million) *U*)) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (ADVP However) , (S-ADV (NP-SBJ *) (VP excluding (NP (NP the year-earlier charge) (PP for (NP (NP recall) (PP of (NP steering gear))))))) , (NP-SBJ (NP operating profit) (PP-TMP in (NP the latest quarter))) (VP declined (NP-EXT 14 %) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP higher start-up and product development expenses) (PP-LOC in (NP passenger-restraint systems)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Materials and production costs) (ADVP also) (VP rose)) , (NP-SBJ TRW) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The information systems segment) (VP had (NP a (ADJP 44 %) jump sales) (PP-DIR to (NP (QP $ 196 million) *U*))) .)) (TOP (S (S-TPC-1 (NP-SBJ An acquisition) (VP accounted (PP-CLR for (NP half the sales rise)))) , (NP-SBJ TRW) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Operating profit) (VP rose (ADVP-EXT threefold) (PP-DIR to (NP (QP $ 18 million) *U*)) , (PP-DIR from (NP (QP $ 6 million) *U*))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ (NP TRW 's) net) (VP was (NP-PRD (NP (QP $ 199 million) *U*) , or (NP (NP $ 3.22 *U*) (NP-ADV a share)) ,) (ADVP down (NP 3 %) (PP from (NP (NP (QP $ 205 million) *U*) , or (NP (NP $ 3.33 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP-EXT 2.9 %) (PP-DIR to (NP (QP $ 5.42 billion) *U*)) , (PP-DIR from (NP (QP $ 5.27 billion) *U*))) .)) (TOP (S (NP-SBJ (NP a tragicomic monologue) (PP by (NP (NP an (ADJP (ADJP idealistic) , (ADJP not unheroic) , though (ADJP sadly self-deceived)) English butler) (PP in (NP his sixties))))) -- (VP proceeds (SBAR-ADV as if (S (NP-SBJ (NP the realistic English novel) (PP of (NP manners))) , (PP like (NP (NP Britannia) (NP herself))) , (ADVP still) (VP ruled (NP the waves))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ (NP (NP Kazuo Ishiguro 's) `` (NX-TTL The Remains (PP of (NP the Day))) '') (PRN -LRB- (NP Knopf) , (NP 245 pages) , (NP $ 18.95 *U*) -RRB-)) (VP is (NP-PRD both (NP (NP an homage) (PP to (NP traditional English forms))) and (NP (NP a dramatic critique) (PP of (NP them))))) .)) (TOP (S (NP-SBJ It) (VP (VP implies (SBAR that (S (NP-SBJ-1 the British Empire) (VP was (VP rooted (NP *-1) (PP-CLR in (NP (NP its subjects ') minds , manners and morals))))))) , and (VP argues , (ADVP-MNR tacitly) , (SBAR that (S (NP-SBJ-2 its self-destructive flaws) (VP were (VP embodied (NP *-2) (PP-CLR in (NP (NP the defensive snobbery) , (NP willful blindness) , (NP role-playing) and (NP (ADVP especially) (NP the locutions) (PP of (NP its domestic servants))))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ (NP the narrator Stevens) , (NP (NP the solitary butler) (PP of (NP Darlington Hall))) ,) (VP mulls (PP-CLR over (NP (NP such hallowed terms) (PP as (NP `` greatness , '' `` dignity , '' `` service '' and `` loyalty)))) , ''))) (NP-SBJ we) (VP see (SBAR (WHADVP-1 how) (S (NP-SBJ pious cant) (VP subverts (NP the soul) (ADVP-MNR *T*-1))))) .)) (TOP (S (NP-SBJ (NP (NP Stevens 's) dutiful conflation) (PP of (NP (NP the public and private realms) -- (PP like (NP his beloved master 's)) --))) (VP destroys (NP (NP all) (SBAR (WHNP-2 0) (S (NP-SBJ-1 it) (VP was (VP designed (S (NP-SBJ *-1) (VP to (VP preserve (NP *T*-2)))))))))) .)) (TOP (S (NP-SBJ Such armor) (VP crushes (NP the soldier)) .)) (TOP (S (NP-SBJ The mask) (VP cuts (PP-CLR to (NP the quick))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP 1956) , (NP (NP the year) (SBAR (WHADVP-1 0) (S (NP-SBJ the Suez crisis) (VP marked (NP (NP the final end) (PP of (NP Empire))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ he) (VP stands (PP-LOC on (NP a hill)) (PP-TMP at (NP (NP the beginning) (PP of (NP (NP a six-day motor expedition) (PP-DIR from (NP Oxfordshire)) (PP-DIR to (NP (NP Cornwall) , (SBAR (WHADVP-4 where) (S (NP-SBJ (NP a former housekeeper) (NP *ICH*-1) (ADJP *ICH*-2)) (VP resides (ADVP-LOC *T*-4) , (NP-1 (NP (ADVP perhaps) the victim) (PP of (NP an (ADJP unhappy 20-year marriage)))) , (ADJP-2 (ADVP perhaps) (PRN -LRB- (S (NP-SBJ he) (VP hopes (PP-MNR with (NP (NP more fervor) (SBAR than (S (NP-SBJ he) (VP will (ADVP-TMP ever) (VP acknowledge)))))))) -RRB-) not disinclined (S (NP-SBJ *) (VP to (VP return (PP-CLR to (NP domestic service)))))))))))))))))) , (NP-SBJ Stevens) (VP (VP surveys (NP the view)) and (VP (ADVP thereby) provides (NP (NP a self-portrait) , (NP a credo) and (NP (NP (NP the author 's) metaphor) (PP for (NP (NP the aesthetic) (PP of (NP (NP the novel) (SBAR (WHNP-3 0) (S (NP-SBJ we) (VP 're (VP reading (NP *T*-3))))))))))))) :)) (TOP (S `` (S (NP-SBJ We) (VP call (S (NP-SBJ (NP this land) (PP of (NP ours))) (NP-PRD Great Britain)))) , and (S (NP-SBJ there) (VP may (VP be (NP-PRD (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP believe (S (NP-SBJ this) (NP-PRD a (ADJP somewhat immodest) practice))))))))) .)) (TOP (S (ADVP Yet) (NP-SBJ I) (VP would (VP venture (SBAR that (S (NP-SBJ (NP the landscape) (PP of (NP our country)) (ADVP alone)) (VP would (VP justify (NP (NP the use) (PP of (NP this lofty adjective))))))))) ... .)) (TOP (S-CLF (NP-SBJ It) (VP is (NP-PRD (NP the very lack) (PP of (NP obvious drama or spectacle))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP sets (NP (NP the beauty) (PP of (NP our land))) (ADVP-CLR apart))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD pertinent)))) (VP is (NP-PRD (NP (NP the calmness) (PP of (NP that beauty))) , (NP (NP its sense) (PP of (NP restraint))))) .)) (TOP (S (NP-SBJ It) (VP is (SBAR-MNR-PRD as though (S (NP-SBJ the land) (VP (VP knows (PP-CLR (PP of (NP its own beauty)) , (PP of (NP its own greatness)) ,)) and (VP feels (NP-PRD no need (S (NP-SBJ *) (VP to (VP shout (NP it)))))))))) .)) (TOP (S (PP In (NP comparison)) , (NP-SBJ (NP (NP the sorts) (PP of (NP (NP sights) (VP offered (NP *) (PP-LOC in (NP (NP such places) (PP as (NP Africa and America)))))))) , though (ADJP undoubtedly very exciting) ,) (VP would (PRN , (S (NP-SBJ I) (VP am (ADJP-PRD sure))) ,) (VP strike (NP the objective viewer) (PP-CLR as (ADJP inferior)) (PP-PRP on (NP (NP account) (PP of (NP their unseemly demonstrativeness)))))) . '')) (TOP (NP An effusive landscape ?)) (TOP (NP An ill-mannered mountain ?)) (TOP (S (S But (NP-SBJ *) (VP let (S (NP-SBJ Stevens) (VP continue (PP-MNR in (NP his unwitting comic manner)))))) (PRN -LRB- (S (NP-SBJ (NP his conscious efforts) (PP at (NP `` banter ''))) (ADVP-TMP always) (VP fail -- (ADVP-MNR most comically))) -RRB-) : (S `` (NP-SBJ This whole question) (VP is (ADJP-PRD very akin (PP to (NP (NP (NP the question) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP caused (NP much debate) (PP-LOC in (NP our profession)) (PP-TMP over (NP the years))))))) : (SBARQ (WHNP-2 what) (SQ (NP-SBJ *T*-2) (VP is (NP-PRD a ` great ' butler))))))))) ? '')) (TOP (S (NP-SBJ His answer) (VP is (NP-PRD (NP one) (VP `` possessed (NP *) (PP-CLR of (NP (NP a dignity) (PP in (NP (NP keeping) (PP with (NP his position))))))))) . '')) (TOP (S (NP-SBJ-2 Such dignity) (VP `` has (S (NP-SBJ *-2) (VP to (VP do (ADVP crucially) (PP-CLR with (NP (NP a butler 's) ability (S (NP-SBJ *) not (VP to (VP abandon (NP (NP the professional being) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP inhabits (NP *T*-1)))))))))))))) . '')) (TOP (S (NP-SBJ-1 He) `` (VP will not (VP be (VP shaken (NP *-1) (PRT out) (PP by (NP-LGS (NP external events) , (ADJP however surprising , alarming or vexing)))))) ... .)) (TOP (S (NP-SBJ-1 Continentals) (VP are (ADJP-PRD unable (S (NP-SBJ *-1) (VP to (VP be (NP-PRD butlers))))) (SBAR-PRP because (S (NP-SBJ they) (VP are (PP as (NP a breed)) (ADJP-PRD incapable (PP of (NP (NP the emotional restraint) (SBAR (WHNP-2 which) (S (NP-SBJ only the English race) (VP are (ADJP-PRD capable (PP of (NP *T*-2))))))))))))) . '')) (TOP (S (S (PP Despite (NP his racial advantage)) , (S-NOM-SBJ (NP-SBJ *) (VP to (VP be (NP-PRD a great butler)))) (VP is (NP-PRD a heroic calling)) ;) (S (NP-SBJ (NP one 's) pantry) (VP is `` (PP-PRD not unlike (NP (NP (NP general 's) headquarters) (PP-TMP during (NP a battle)))))) . '')) (TOP (S (SBAR-ADV If , (S (PP for (NP example)) , (PP-TMP in (NP (NP the midst) (PP of (NP (NP a great social occasion) (PRN -LRB- (PP such as (NP (NP an international conference) (PP on (S-NOM (NP-SBJ *) (VP revising (NP the Versailles Treaty)))) (PP-TMP in (NP 1923)))) -RRB-))))) , (NP-SBJ-1 (NP (NP one 's) 72-yearold father) , (NP (NP himself) (NP a great butler) (ADVP-TMP once)) ,) (VP should (VP happen (S (NP-SBJ *-1) (VP to (VP die (PP-CLR of (NP a stroke))))))))) , (NP-SBJ-2 one) (VP must (VP continue (S (NP-SBJ *-2) (VP to (VP serve (NP the port)))))) : (S `` (INTJ Please) (NP-SBJ *) (VP do n't (VP think (S (NP-SBJ-4 me) (ADJP-PRD unduly improper (PP in (S-NOM (NP-SBJ-3 *-4) not (VP ascending (S (NP-SBJ *-3) (VP to (VP see (NP (NP my father) (PP in (NP his deceased condition))) (PP-TMP just at (NP this moment))))))))))))) .)) (TOP (S (FRAG (S (NP-SBJ You) (VP see))) , (NP-SBJ I) (VP know (SBAR 0 (S (NP-SBJ my father) (VP would (VP have (VP wished (S (NP-SBJ me) (VP to (VP carry (PRT on) (ADVP-TMP just now)))))))))) . '')) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP this kind) (PP of (NP dignity and restraint)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP allows (S (NP-SBJ Stevens) (VP to (VP declare : (S `` (PP For (NP all its sad associations)) , (SBAR-TMP (WHADVP-2 whenever) (S (NP-SBJ I) (VP recall (NP that evening) (NP-TMP today) (ADVP-TMP *T*-2)))) , (NP-SBJ I) (VP find (SBAR 0 (S (NP-SBJ I) (VP do (ADVP-PRD so) (PP-MNR with (NP (NP a large sense) (PP of (NP triumph))))))))))))))))) . '')) (TOP (S (NP-SBJ We) (VP note (NP (NP the imperial public word) (VP used (NP *) (S-CLR (NP-SBJ *) (VP to (VP deny (NP private rage and sorrow))))))) .)) (TOP (S (NP-SBJ That (S (NP-SBJ (NP Stevens) (NP himself)) (VP is (ADJP-PRD not (ADJP grotesque or repellent) , but (ADJP funny and sad and enlightening) ,)))) (VP is (ADVP entirely) (NP-PRD (NP the author 's) triumph)) .)) (TOP (S (NP-SBJ (NP Mr. Ishiguro 's) ability (S (NP-SBJ *) (VP to (VP create (NP (NP a fallible narrative voice) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP permits (S (NP-SBJ him) (VP to (VP explore (NP such intertwining (ADJP domestic , cultural and political) themes)))))))))))) (VP was (ADJP-PRD abundantly clear) (PP-LOC in (NP (NP his previous novel) , (NP `` (NP-TTL (NP An Artist) (PP of (NP the Floating World))) , '' (VP set (NP *) (PP-LOC in (NP Japan)) (PP-TMP after (NP the war))))))) .)) (TOP (S (ADVP-TMP Now) (S-ADV (NP-SBJ *-2) (VP shifting (NP his scene) (PP-DIR from (NP (NP the country) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP left (NP *T*-1) (PP-TMP at (NP five))))))) (PP-DIR to (NP (NP the England) (SBAR (WHNP-3 0) (S (NP-SBJ he) (VP has (VP lived (PP in (NP *T*-3)) (PP-TMP for (NP (QP nearly 30) years)))))))))) , (NP-SBJ-2 he) (VP has (VP fashioned (NP (NP a novel) (PP in (NP (NP the mode) (PP of (NP (NP Henry James) and (NP E.M. Forster)))))))) .)) (TOP (S (PP With (NP great aplomb)) (NP-SBJ he) (VP considers (NP (CONJP not only) (NP (NP filial devotion) and (NP (PRN -LRB- (ADJP utterly repressed) -RRB-) sexual love)) , but (NP (NP British anti-Semitism) , (NP (NP the gentry 's) (NP impatience) (PP with (NP democracy)) and (NP (NP support) (PP of (NP Hitler)))) , and (NP (NP (NP the moral problematics) (PP of (NP loyalty))) : (S `` (NP-SBJ It) (VP is , (PP in (NP practice)) , (ADJP-PRD simply not possible (S (NP-SBJ *) (VP to (VP (VP adopt (NP such a critical attitude) (PP towards (NP an employer))) and (VP (PP-TMP at (NP the same time)) provide (NP good service)))))))))))) ... .)) (TOP (S ` (NP-SBJ This employer) (VP embodies (NP (NP all) (SBAR (WHNP-1 that) (S (NP-SBJ I) (VP find (S (NP-SBJ *T*-1) (ADJP-PRD noble and admirable))))))) .)) (TOP (S (NP-SBJ I) (VP will (ADVP-TMP hereafter) (VP devote (NP myself) (PP-CLR to (S-NOM (NP-SBJ *) (VP serving (NP him)))))) .)) (TOP (S ' (NP-SBJ This) (VP is (NP-PRD (NP loyalty) (VP (ADVP-MNR intelligently) bestowed (NP *)))) . '')) (TOP (S (PP-TMP In (NP the end)) , (PP-TMP after (S-NOM (NP-SBJ *) (VP meeting (PP-CLR with (NP the former housekeeper))))) , (NP-SBJ-1 Stevens) (VP (VP sits (PP-LOC by (NP the seashore)) (PP-TMP at (NP dusk)) , (S-ADV (NP-SBJ *-1) (VP thinking (PP-CLR (PP of (NP her)) and (PP of (NP his employer)))))) , and (VP declares (S `` (NP-SBJ I) (VP trusted)))) .)) (TOP (S (NP-SBJ I) (VP trusted (PP-CLR in (NP (NP his lordship 's) wisdom))) ... .)) (TOP (S (NP-SBJ I) (VP ca n't (ADVP even) (VP say (SBAR 0 (S (NP-SBJ I) (VP made (NP my own mistakes)))))) .)) (TOP (S (ADVP Really) -- (NP-SBJ-1 one) (VP has (S (NP-SBJ *-1) (VP to (VP ask (NP oneself) -- (SBARQ (WHNP-2 what dignity) (SQ is (NP-SBJ there) (NP-PRD *T*-2) (PP-LOC in (NP that)))))))) ? '')) (TOP (S (NP-SBJ The loyal servant) (VP has (VP come (NP-ADV full circle))) .)) (TOP (SBARQ (WHNP-1 What) (SQ is (NP-SBJ greatness) (NP-PRD *T*-1)) ?)) (TOP (SBARQ (WHNP-1 What) (SQ is (NP-SBJ dignity) (NP-PRD *T*-1)) ?)) (TOP (S (S (NP-SBJ We) (VP understand (SBAR 0 (S (NP-SBJ such rueful wisdom) (VP must (VP be (ADJP-PRD retrospective))))))) : (S (NP-SBJ (NP The owl) (PP of (NP Minerva))) (VP (ADVP only) spreads (NP her wings) (PP-TMP at (NP dusk)))) .)) (TOP (S But (SBAR-ADV as (S `` (NP-TTL-SBJ (NP The Remains) (PP of (NP the Day))) '' (VP (ADVP-MNR so eloquently) demonstrates (PP-MNR with (NP quiet virtuosity))))) , (NP-SBJ-1 such wisdom) (VP can (VP be (VP (ADVP-MNR movingly) embodied (NP *-1) (PP-CLR in (NP art))))) .)) (TOP (S (NP-SBJ Mr. Locke) (VP teaches (NP (NP English) and (NP comparative literature)) (PP-LOC at (NP Columbia University))) .)) (TOP (S (NP-SBJ UGI Corp.) (VP said (SBAR 0 (S (NP-SBJ its AmeriGas subsidiary) (VP completed (NP (NP the (ADJP previously announced) sale) (PP of (NP (NP its (NX (NX air separation plant) and (NX related assets))) (PP-LOC in (NP (NP Waukesha) , (NP Wis.) ,)))) (PP to (NP (NP AGA Gas Inc.) , (NP Cleveland)))))))) .)) (TOP (S (NP-SBJ-1 The price) (VP was n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ The transaction) (VP is (NP-PRD (NP part) (PP of (NP (NP UGI 's) continuing program (S (NP-SBJ *) (VP to (VP (VP shed (NP (NP AmeriGas 's) industrial gas interests)) and (VP expand (NP (NP the subsidiary 's) propane business))))))))) .)) (TOP (S (PP-TMP Since (NP June)) , (NP-SBJ-1 AmeriGas) (VP has (VP (VP netted (NP (NP (QP more than $ 100 million) *U*) (PP from (NP industrial gas divestitures)))) and (VP reinvested (NP (QP more than $ 50 million) *U*) (S-PRP (NP-SBJ *-1) (VP to (VP acquire (NP three propane distributors))))))) .)) (TOP (S (NP-SBJ UGI) (VP (VP is (NP-PRD a gas and electric utility)) and (VP distributes (NP propane) (ADVP-LOC nationally) (PP-MNR through (NP its AmeriGas subsidiary)))) .)) (TOP (S (NP-SBJ (NP Stanislav Ovcharenko) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP represents (NP the Soviet airline Aeroflot) (ADVP-LOC here)))) ,) (VP has (NP (NP some visions) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP are (ADJP-PRD wild) (PP (ADVP even) by (NP (NP the current standards) (PP of (NP perestroika))))))))) .)) (TOP (S (PP-LOC In (NP (NP his office) (VP overlooking (NP (NP the runway) (PP of (NP Shannon Airport)))))) , (NP-SBJ Mr. Ovcharenko) (VP (ADVP-MNR enthusiastically) throws (PRT out) (SBAR-NOM (WHNP-1 what) (S (NP-SBJ he) (VP calls (S (NP-SBJ *T*-1) (NP-PRD `` just ideas '')))))) :)) (TOP (S-1 (ADVP-TMP First) (PRN , (S (NP-SBJ he) (VP suggests (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP GPA Group Ltd.) , (NP (NP the international aircraft leasing company) (VP based (NP *) (PP-LOC in (NP Ireland)))) ,) (VP could (VP lease (NP (NP some) (PP of (NP its Boeing jetliners))) (PP-DTV to (NP the Soviet airline)))) .)) (TOP (S (S (ADVP-TMP Then) (NP-SBJ (NP Aer Lingus) , (NP the Irish flag carrier) ,) (VP could (VP teach (NP-2 Aeroflot pilots) (S (NP-SBJ *-2) (VP to (VP fly (NP the Boeings))))))) , and (S (NP-SBJ-1 the fleet) (VP could (VP be (VP based (NP *-1) (ADVP-LOC here) (PP-LOC at (NP Shannon Airport)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ That) (VP 's not (NP-PRD all))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Aer Rianta) , (NP the Irish airport authority) ,) (VP could (VP build (NP a cargo terminal) (PP-LOC in (NP the Soviet Union)))) .)) (TOP (S (NP-SBJ Aeroflot) (VP could (VP lease (NP (NP some) (PP of (NP its cargo planes))) (PP-DTV to (NP Aer Lingus)) , (PP-MNR through (NP GPA)) , (PP for (NP a joint-venture cargo airline)))) .)) (TOP (S And (ADVP then) (NP-SBJ there) (VP is (NP-PRD (NP his notion) (PP of (NP (NP an Irish-Soviet charter airline) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP ferry (NP Armenians) (PP-DIR to (NP Los Angeles)) (PP-MNR via (NP Shannon)))))))))) .)) (TOP (SQ Have (NP-SBJ (NP the freedoms) (PP of (NP glasnost))) (VP gone (PP-CLR to (NP (NP Mr. Ovcharenko 's) head))) ?)) (TOP (ADVP Hardly .)) (TOP (S (NP-SBJ The Irish-Soviet aviation connection) (VP is (ADJP-PRD alive and well) (ADVP-LOC here) (PP-LOC at (NP Shannon Airport))) .)) (TOP (S (NP-SBJ GPA) (VP is (ADVP indeed) (VP talking (PP-CLR (PP about (S-NOM (NP-SBJ *) (VP leasing (NP Western planes) (PP-DTV to (NP Aeroflot))))) and (PP even about (S-NOM (NP-SBJ *) (VP buying (NP Soviet-built Tupolev 204s))))))) .)) (TOP (S (NP-SBJ Aer Lingus) (VP is (PP-LOC-PRD in (NP (NP discussions) (PP with (NP the Soviet carrier)) (PP about (NP (NP a cargo venture) and (NP other possibilities)))))) .)) (TOP (S (NP-SBJ Aer Rianta) (ADVP already) (VP has (NP (NP so many ventures) (PP with (NP Aeroflot)) (SBAR that (S (NP-SBJ its chief executive) (VP is (VP studying (NP Russian))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (ADJP-PRD Unlikely (SBAR as (S (NP-SBJ it) (VP may (VP seem (ADJP-PRD *?*))))))) , (NP-SBJ tiny , (ADJP politically neutral) Ireland) (VP has (VP penetrated (NP the mighty Soviet airline bureaucracy))) .)) (TOP (S And (SBAR-ADV as (S (NP-SBJ-1 Aeroflot) (VP struggles (S (NP-SBJ *-1) (VP to (VP (VP boost (NP its service standards)) , (VP upgrade (NP its fleet)) and (VP pursue (NP commercial opportunities)))))))) , (NP-SBJ-2 the Irish aviation industry) (VP seems (VP poised (S (NP-SBJ *-2) (VP to (VP benefit))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Irish and Soviet people) (VP are (ADJP-PRD similar))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Ovcharenko) .)) (TOP (S `` (NP-SBJ They) (VP look (NP-PRD the same)) .)) (TOP (S (NP-SBJ They) (VP 're (ADJP-PRD very friendly)) . '')) (TOP (S-1 (ADVP Moreover) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ Irish companies) (VP are (ADJP-PRD small but spunky)) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 We) (VP have (S (NP-SBJ *-1) (VP to (VP study (NP their experience) (ADVP-MNR very well)))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S `` (NP-SBJ We) (VP must (VP find (NP (NP any way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP get (NP business) (ADVP-MNR *T*-1)))))))) . '')) (TOP (S (NP-SBJ The two groups) (VP have (VP been (VP working (PRT together) (PP-TMP since (NP the late 1970s)) , (SBAR-TMP (ADVP long) before (S (NP-SBJ Soviet joint ventures) (VP were (NP-PRD the rage) (PP-LOC in (NP the West)))))))) .)) (TOP (S (S (NP-SBJ Aeroflot) (VP carried (NP (QP about 125 million) passengers) (NP-TMP last year))) , and (S (NP-SBJ (NP Shannon Airport) , (NP (NP (NP the airline 's) largest transit airport) (PP-LOC outside (NP the Soviet Union))) ,) (VP saw (S (NP-SBJ (NP 1,400 Aeroflot flights) and (NP 250,000 passengers)) (VP pass (ADVP-CLR through))))) .)) (TOP (S (NP-SBJ (NP An apartment complex) (PP-LOC down (NP the road))) (VP is (NP-PRD (NP the (NX (NX crew-rest) and (NX staging area))) (PP for (NP (QP more than 130) Aeroflot (NX (NX pilots) and (NX flight attendants)))))) .)) (TOP (S (NP-SBJ (NP (NP The airport 's) biggest supplier) (PP of (NP aircraft fuel))) (VP is (NP-PRD the Soviet Union)) .)) (TOP (S (NP-SBJ (NP Tankers) (PP from (NP (NP the Latvian port) (PP of (NP Ventspils))))) (NP-TMP each year) (VP unload (NP (NP (QP 25 million) gallons) (PP of (NP fuel))) (PP-DIR into (NP (NP a special tank farm) (PP-LOC at (NP the airport))))) .)) (TOP (S (SBAR-NOM-SBJ-1 (WHNP-3 What) (S (NP-SBJ Aeroflot) (VP does n't (VP pour (NP *T*-3) (PP-DIR into (NP its own gas-guzzling Ilyushins)))))) (VP is (VP bartered (NP *-1) (PP-CLR to (NP (NP the airport authority) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP resells (NP it) (PP-DTV to (NP (NP 11 Western carriers) (PP including (NP (NP Air France) , (NP Trans World Airlines) and (NP Pakistan International Airlines)))))))))))) .)) (TOP (S (NP-SBJ-1 Aeroflot) (ADVP thus) (VP pays (NP its (NX (NX landing fees) , (NX ground-handling) and (NX catering bills))) (PP-MNR with (NP fuel)) , (S-ADV (NP-SBJ *-1) (VP preserving (NP its hard currency)))) .)) (TOP (S (NP-SBJ That) (VP is n't (NP-PRD all)) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ the Irish airport authority) , (PP-LOC in (NP (NP a joint venture) (PP with (NP Aeroflot)))) , (VP opened (NP four hard-currency duty-free shops) (PP-LOC at (NP (NP Moscow 's) Sheremetyevo Airport))) .)) (TOP (S (NP-SBJ Aer Rianta) (ADVP-TMP now) (VP manages (NP duty-free sales) (PP-LOC on (NP (NP all Aeroflot international flights) (PP out (PP of (NP Moscow)))))) .)) (TOP (S (S (NP-SBJ (NP Duty-free shops) (PP-LOC in (NP (NP Leningrad 's) Pulkova Airport))) (VP opened (PP-TMP in (NP July)))) , and (S (NP-SBJ (NP hard-currency shops) (PP-LOC (PP in (NP Leningrad hotels)) and (PP on (NP the Soviet-Finnish frontier)))) (VP are (VP coming (ADVP-TMP soon)))) .)) (TOP (S (NP-SBJ Aer Rianta) (VP (VP is (VP talking (PP-CLR about (NP (NP similar joint ventures) (PP-LOC (PP in (NP Tashkent)) and (PP in (NP (NP Sochi) , (NP a Black Sea resort) ,))))))) and (VP (ADVP even) has (NP (NP a computer-assembly project) (VP cooking (PP with (NP (NP the Georgian city) (PP of (NP Tbilisi)))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Aeroflot 's) international fleet) (PP of (NP 285 planes))) (VP is (VP being (VP repainted and refurbished (NP *-1) (PP-LOC at (NP Shannon Airport))))) .)) (TOP (S (S-ADV (NP-SBJ *) (NP-PRD (NP Thanks) (PP to (NP (NP a new air-traffic agreement) and (NP (NP the ability (S *ICH*-1)) (PP of (NP Irish travel agents)) (S-1 (NP-SBJ *) (VP to (VP issue (NP Aeroflot tickets))))))))) , (NP-SBJ-2 (NP tourists) (ADVP-LOC here)) (VP are (VP taking (NP-CLR advantage) (PP-CLR of (NP (NP Aeroflot 's) reasonable prices)) (S-PRP (NP-SBJ *-2) (VP to (VP board (NP (NP flights) (PP-LOC in (NP Shannon)) (PP for (NP (NP holidays) (PP-LOC in (NP (NP Havana) , (NP Kingston) and (NP Mexico City))))))))))) .)) (TOP (S (NP-SBJ (NP The round-trip fare) (PP to (NP Havana))) (VP is (NP-PRD (NP 410 Irish punts) (PRN -LRB- (NP $ 578 *U*) -RRB-))) .)) (TOP (S (NP-SBJ Jamaica) (VP costs (NP 504 punts)) .)) (TOP (S (NP-SBJ-1 (NP A formal blessing) (PP of (NP sorts))) (VP was (VP bestowed (NP *-1) (PP-CLR on (NP this friendship)) (PP-TMP in (NP April)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ Mikhail and Raisa Gorbachev) (VP stopped (ADVP-LOC here) (PP-PRP for (NP (NP talks) (PP with (NP Irish Prime Minister Charles Haughey)))) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ-1 New trade accords) (VP were (VP signed (NP *-1))) .)) (TOP (S (NP-SBJ (NP It) (NP all)) (VP started (PP with (NP geography))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ it) (VP opened (PP-TMP in (NP 1939)) (ADVP-TMP *T*-1)))) , (NP-SBJ Shannon) (VP was (NP-PRD (NP the first landfall) (PP-LOC in (NP Europe)) (PP for (NP (NP thirsty airplanes) (VP flying (PP-DIR from (NP North America))))))) .)) (TOP (S (S (NP-SBJ (NP Advances) (PP in (NP aircraft fuel efficiency)) (PP-TMP over (NP the years))) (VP made (S (NP-SBJ a Shannon stop) (ADJP-PRD unnecessary (PP for (NP most Western air fleets)))))) , but (S (NP-SBJ Aeroflot) (ADVP still) (VP flies (NP (NP inefficient Ilyushins) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP ca n't (VP make (NP it) (PP-DIR from (NP Moscow)) (PP-DIR to (NP Managua)) (PP on (NP one hop))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ Ireland) (VP did n't (VP spurn (NP the Soviets) (SBAR-TMP after (S (NP-SBJ they) (VP shot (PRT down) (NP a Korean Air Lines jetliner) (PP-LOC over (NP (NP the Sea) (PP of (NP Japan)))) (PP-TMP in (NP 1983))))) , (SBAR-ADV though (S (NP-SBJ it) (VP suspended (NP direct Moscow-Shannon flights) (PP-TMP for (NP two months))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ-1 Aer Lingus) (VP started (S (NP-SBJ *-1) (VP ferrying (NP Russians) (PP-DIR from (NP Shannon)) (PP-DIR to (NP New York)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ Washington) (VP stripped (NP Aeroflot) (PP-CLR of (NP its U.S. landing rights)) (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ Aer Rianta) (VP is (VP making (NP (NP a heap) (PP of (NP money))) (PP-MNR from (NP its Soviet friendship)))) .)) (TOP (S And , (PP with (NP (NP those contacts) (PP in (NP place)))) , (NP-SBJ (NP it) (S *EXP*-1)) (VP could (VP be (ADJP-PRD relatively simple) (S-1 (NP-SBJ *) (VP to (VP add (NP (NP Aer Lingus) and (NP GPA)) (PP-CLR to (NP the team))))))) .)) (TOP (S (ADVP Then) , (ADVP perhaps) , (NP-SBJ (NP Mr. Ovcharenko 's) ideas) (VP would n't (VP sound (PP-CLR like (NP (ADJP so much) blarney)))) .)) (TOP (S (NP-SBJ (NP Britain 's) industrial production) (VP (VP rose (NP-EXT 1.5 %) (PP-TMP in (NP August)) (PP-TMP from (NP July))) and (VP was (ADVP-PRD up (NP 0.9 %) (PP-TMP from (NP (NP August) (NP 1988))))) , (PP according (PP to (NP (NP provisional data) (PP from (NP the Central Statistical Office)))))) .)) (TOP (S (NP-SBJ (NP Output) (PP in (NP the energy sector)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP can (VP vary (ADVP-MNR greatly) (PP with (NP (NP swings) (PP-LOC in (NP the oil market)))))))) ,) (VP (VP rose (NP-EXT 3.8 %) (PP-TMP in (NP August)) (PP-TMP from (NP May))) but (VP was (ADVP-PRD down (NP 7.1 %) (PP-TMP from (ADVP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ The latest figures) (VP compare (PP-CLR with (NP (NP (NP July 's) (ADJP 4.5 %) month-to-month rise) and (NP (ADJP 11.3 %) year-to-year fall)))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 Nucor Corp.) (VP begins (S (NP-SBJ *-1) (VP shipping (NP (NP steel) (PP from (NP (NP the world 's) first thin-slab plant))) (NP-TMP this month) (ADVP-TMP *T*-2)))))) , (NP-SBJ-3 it) (VP will (VP begin (S (NP-SBJ *-3) (VP testing (NP (NP the competitive mettle) (PP of (NP its giant competitors))))))) .)) (TOP (S (NP-SBJ (NP The new technology) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP creates (NP (NP a (ADJP very thin) piece) (PP of (NP steel)))))) ,) (VP (ADVP-MNR radically) reduces (NP (NP the costs) (PP of (S-NOM (NP-SBJ *) (VP making (NP flat-rolled sheets)))))) .)) (TOP (S (NP-SBJ (NP An ebullient Kenneth Iverson) , (NP (NP Nucor 's) chairman) ,) (VP says (SBAR 0 (S (NP-SBJ (NP the company 's) plant) (ADVP eventually) (VP will (VP make (NP (NP a ton) (PP of (NP steel))) (PP in (NP 1.5 man hours)) , (PP compared (PP with (NP (NP (QP four to six) man hours) (PP-LOC at (NP a conventional mill)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP 've (VP had (S (NP-SBJ (NP the Russians and Chinese) , and (NP (NP people) (PP from (NP India)))) (VP visiting (NP us)))))) , '' (NP-SBJ Mr. Iverson) (VP beams (S *T*-1)) .)) (TOP (S `` (NP-SBJ (NP Everyone) (PP-LOC in (NP the world))) (VP is (VP watching (NP us) (ADVP-MNR very closely))) . '')) (TOP (NP (NP Especially his neighbors) , (NP the major U.S. steelmakers) .)) (TOP (S (ADVP Already) , (NP-SBJ-1 (NP USX Corp.) and (NP Armco Inc.)) (VP are (VP studying (NP (NP Nucor 's) technology) (S-PRP (NP-SBJ *-1) (VP to (VP see (SBAR-ADV if (S (NP-SBJ they) (VP can (VP adopt (NP it)))))))))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ (NP the chief executive officer) (PP of (NP a major Midwest steel company))) : `` (S-1 (NP-SBJ It) (VP 's (ADJP-PRD damn worrisome))) . '')) (TOP (S (NP-SBJ-2 The once-staid steel industry) (VP is (VP about (S (NP-SBJ-1 *-2) (VP to (VP be (VP turned (S (NP-SBJ *-1) (ADJP-PRD topsy-turvy)) (PP by (NP-LGS a 1990s technology revolution)))))))) .)) (TOP (S (NP-SBJ (ADJP New , efficient and sophisticated) processes) (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (ADJP-PRD easier) (SBAR-2 for (S (NP-SBJ smaller , (ADJP less cash-rich) companies) (VP to (VP make (NP steel) (PP-MNR at (NP (NP a fraction) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ Big Steel) (VP paid (NP *T*-1) (ADVP-TMP (NP decades) ago))))))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP enables (S (NP-SBJ minimills) (ADVP finally) (VP to (VP get (NP (NP a toehold) (PP-LOC in (NP (NP the flat-rolled steel market) -- (NP (NP the major steelmakers ') (ADJP largest , (ADJP most prized) , and (ADJP (PP until (ADVP-TMP now)) , untouchable)) , market)))))))) .)) (TOP (S But (NP-SBJ such thin-slab technology) (VP is (NP-PRD only the beginning)) .)) (TOP (S (NP-SBJ Eager engineers) (VP espouse (NP (NP (NP direct-steelmaking) and (NP direct casting)) , (SBAR (WHNP-1 which) (S (PP-TMP by (NP (NP the end) (PP of (NP the 1990s)))) (NP-SBJ *T*-1) (VP will (VP enable (NP (NP production) (PP without (NP (NP coke ovens) and (NP blast furnaces)))))))))) .)) (TOP (S (NP-SBJ-1 Those massive structures) , (SBAR-ADV while (S (NP-SBJ *-1) (VP posing (NP (UCP cost and environmental) headaches)))) , (VP (ADVP-MNR effectively) locked (PRT out) (NP (NP all) (PP but (NP deep-pocketed giants))) (PP-CLR from (NP steelmaking))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ There) (VP 's (NP-PRD (NP a revolution) (ADVP ahead (PP of (NP us))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (ADVP ultimately) (VP change (NP (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ we) (VP market and distribute (NP steel) (ADVP-MNR *T*-2)))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP William Dennis) , (NP (NP vice president) , (NP manufacturing and technology) , (PP for (NP the American Iron Ore and Steel Institute)))) .)) (TOP (S (NP-SBJ It) (VP is n't (SBAR-PRD that (S (NP-SBJ major steelmakers) (VP have (VP (ADVP-MNR blithely) ignored (NP high technology)))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ-1 they) (VP 've (VP spent (NP (NP billions) (PP of (NP dollars))) (S-PRP (NP-SBJ *-1) (VP to (VP boost (NP (NP the percentage) (PP of (NP (ADJP continously cast) steel))) (PP-DIR to (NP 60.9 %) (PP-TMP in (NP 1988))) , (PP-DIR from (NP 39.6 %) (ADVP-TMP (NP five years) before))))))) .)) (TOP (S (ADVP Moreover) , (S (NP-SBJ-1 their balance sheets) (VP are (ADJP-PRD-2 rich (PP with (NP diversity))))) , (S (NP-SBJ=1 their old plants) (ADJP-PRD=2 shuttered)) , and (S (NP-SBJ=1 work forces) (ADJP-PRD=2 lean)) .)) (TOP (S But (NP-SBJ that) (VP wo n't (VP suffice)) .)) (TOP (S `` (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADVP-TMP no longer) (ADJP-PRD enough) (S-1 (NP-SBJ *) (VP to (VP beat (NP (NP the guy) (PP-LOC down (NP the street))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 You) (VP have (S (NP-SBJ *-1) (VP to (VP beat (NP (NP everyone) (PP-LOC around (NP the world)))))))) , '' (VP says (S *T*-2)) (NP-SBJ Mr. Dennis) .)) (TOP (S (NP-SBJ-1 He) (VP wants (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ steelmakers) (ADJP-PRD more involved (PP in (NP (NP computers) and (NP artificial intelligence))))))))) .)) (TOP (NP (NP The problem) : (S (NP-SBJ They) (VP 're (VP saddled (PP-CLR with (NP (NP huge plants) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP require (NP costly maintenance))))))))) .)) (TOP (S And (NP-SBJ *) (VP try (VP plying (S (NP-SBJ new dollars) (ADJP-PRD free)) (PP-LOC in (NP (NP a market) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (VP softening)))) , (VP (VP hurt (NP *) (PP by (NP-LGS a strong dollar))) and (VP concerned (PP-CLR about (NP (NP overcapacity) -- (NP (NP the industry 's) Darth Vadar))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 The technology revolution) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD very threatening (PP to (NP established producers))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Peter Marcus) , (NP (NP an analyst) (PP with (NP PaineWebber Inc)))) .)) (TOP (S `` (S (NP-SBJ They) (VP 've (VP got (NP (NP too much) (VP invested (NP *) (PP-CLR in (NP the old stuff))))))) and (S (NP-SBJ they) (VP ca n't (VP get (S (NP-SBJ their workers) (VP to (VP be (ADJP-PRD flexible))))))) . '')) (TOP (S (NP-SBJ No one) (VP expects (S (NP-SBJ minimills) (VP to (VP eclipse (NP (NP major integrated steelmakers) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP remain (NP-PRD (NP the undisputed kings) (PP of (NP (NP highest-quality steel) (VP used (NP *) (PP-CLR for (NP autos and refrigerators)))))))))))))) .)) (TOP (S (S (NP-SBJ (NP (NP Nucor 's) plant) (PP-LOC in (NP (NP Crawfordsville) , (NP Ind.) ,))) (ADVP ultimately) (VP will (VP produce (NP (NP (QP only one million) tons) (NP *ICH*-2)) (ADVP-TMP annually) , (NP-2 (NP a drop) (PP-LOC in (NP the 40-million-ton-a-year flat-rolled steel bucket)))))) , and (S (NP-SBJ it) (VP will (VP be (NP-PRD years) (SBAR-TMP before (S (NP-SBJ such plants) (VP can (VP compete (PP-LOC in (NP the high-profit market))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ-2 flat-rolled) (VP is (NP-PRD (NP the steel industry 's) bread and butter) , (S-ADV (NP-SBJ *-2) (VP representing (NP (NP (QP about half)) (PP of (NP (NP (NP the (QP 80 million) tons) (PP of (NP steel))) (VP expected (S (NP-SBJ-1 *) (VP to (VP be (VP shipped (NP *-1) (NP-TMP this year)))))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ the process) (VP is n't (PP-PRD without (NP its headaches))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ-1 all operations) (VP are (VP connected (NP *-1))))) , (NP-SBJ one equipment failure) (VP forces (NP a complete plant shutdown)) .)) (TOP (S (PP-TMP On (NP some days)) , (NP-SBJ the Nucor plant) (VP does n't (VP produce (NP anything))) .)) (TOP (SINV `` (S-TPC-2 (S (PP-TMP At (NP this point)) , (NP-SBJ the minimill capacity) (VP wo n't (VP make (NP (NP a great dent) (PP-LOC in (NP the integrated market)))))) , but (S (NP-SBJ it) (VP does (VP challenge (NP-SBJ-1 them) (S (NP-SBJ *-1) (VP to (VP develop (NP new markets)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP James McCall) , (NP (NP vice president) , (NP materials) , (PP-LOC at (NP (NP Battelle) , (NP (NP a technology and management-research giant) (VP based (NP *) (PP-LOC in (NP (NP Columbus) , (NP Ohio))))))))) .)) (TOP (S (ADVP Indeed) , (PP with (S-NOM (NP-SBJ (NP demand) (PP for (NP steel))) not (VP growing (ADVP-MNR fast enough (S (NP-SBJ *) (VP to (VP absorb (NP capacity)))))))) , (NP-SBJ-1 steelmakers) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP change (NP (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ they) (VP do (NP business) (ADVP-MNR *T*-2)))))))))) .)) (TOP (S-1 (PP-TMP In (NP the past)) (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Armco 's) chief economist John Corey)) ,) (NP-SBJ steelmakers) (VP (VP made (NP a product)) and (VP set (NP it) (PRT out) (PP-LOC on (NP the loading dock)))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP said : (S ` (S (NP-SBJ We) (VP 've (VP got (NP a product)))) : (S (SBAR-ADV if (S (NP-SBJ you) (VP want (NP it)))) , (NP-SBJ you) (VP can (VP buy (NP it))))))) , ' '' (NP-SBJ-3 he) (VP says (S *T*-2) , (S-ADV (NP-SBJ *-3) (VP adding : (S `` (ADVP-TMP Now) (NP-SBJ-4 we) (VP (VP 're (VP figuring (PRT out) (SBAR-NOM (WHNP-1 what) (S (NP-SBJ people) (VP need (NP *T*-1)))))) , and (VP are (VP going (PRT back) (S-PRP (NP-SBJ *-4) (VP to (VP make (NP it))))))))))) . '')) (TOP (S (NP-SBJ (NP Armco 's) sales representatives) (VP visit (NP (NP (NP the General Motors Corp. 's) Fairfax assembly plant) (PP-LOC in (NP (NP Kansas City) , (NP Mo.) ,))) (NP-TMP (NP two or three days) (NP-ADV a week))) .)) (TOP (S (SBAR-TMP (WHADVP When) (S (NP-SBJ they) (VP determined (SBAR that (S (NP-SBJ GM) (VP needed (NP parts) (ADVP-MNR more quickly))))))) , (NP-SBJ Armco) (VP convinced (S (NP-SBJ a steel service center) (VP to (VP build (NP a processing plant) (ADVP-LOC nearby) (SBAR-PRP so (S (NP-SBJ-1 shipments) (VP could (VP be (VP delivered (NP *-1) (PP-TMP within (NP 15 minutes))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Cementing (NP (NP such relationships) (PP with (NP (NP major clients) -- (NP car and appliance makers) --))))) (VP is (NP-PRD (NP a means) (PP of (NP survival))) , (SBAR-TMP (ADVP especially) (WHADVP-1 when) (S (NP-SBJ those key clients) (VP are (VP (VP relying (PP-CLR on (NP (NP a smaller pool) (PP of (NP producers)))) (ADVP-TMP *T*-1)) and (VP flirting (PP-CLR with (NP plastic and aluminum makers)) (ADVP-TMP *T*-1))))))) .)) (TOP (S (PP For (NP example)) , (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-2 Detroit) (VP began (S (NP-SBJ *-2) (VP talking (PP-CLR about (NP plastic-bodied cars)) (ADVP-TMP *T*-3)))))) , (NP-SBJ-4 the American Iron and Steel Institute) (VP began (NP a major lobbying effort) (S-PRP (NP-SBJ *-4) (VP to (VP show (NP auto makers) (SBAR (WHADVP-6 how) (S (NP-SBJ they) (VP could (VP use (NP steel) (ADVP-MNR more efficiently) (PP-MNR by (S-NOM (NP-SBJ *) (VP (ADVP simply) redesigning (SBAR (WHADVP-5 how) (S (NP-SBJ-1 a car door) (VP is (VP assembled (NP *-1) (ADVP-MNR *T*-5)))))))) (ADVP-MNR *T*-6))))))))) .)) (TOP (S But (NP-SBJ steelmakers) (VP must (ADVP also) (VP find (NP new markets))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *) (VP letting (S (NP-SBJ aluminum-makers) (VP take (NP the recycling lead)))))) , (NP-SBJ (NP a group) (PP of (NP (NP the nation 's) largest steelmakers))) (VP started (NP-2 a recycling institute) (S-PRP (NP-SBJ *-2) (VP to (VP promote (NP steel cans) (PP-CLR to (NP an (ADJP environmentally conscious) nation)))))) .)) (TOP (S (NP-SBJ (NP Battelle 's) Mr. McCall) (VP thinks (SBAR 0 (S (NP-SBJ steelmakers) (VP should (VP concentrate (ADVP more) (PP-CLR on (NP construction))))))) .)) (TOP (S (NP-SBJ (NP Weirton Steel Corp.) , (NP-LOC (NP Weirton) , (NP W. Va.) ,)) (PP for (NP example)) , (VP is (VP touting (PP to (NP homeowners)) (NP (NP fashionable steel doors) , (PP with (NP leaded glass inserts)) ,) (PP-CLR as (NP (NP a (ADJP secure and energy-efficient) alternative) (PP to (NP wooden or aluminum ones)))))) .)) (TOP (S (NP-SBJ Other steelmakers) (VP envision (S (NP-SBJ steel roofs) (VP covering (NP suburbia)))) .)) (TOP (S (NP-SBJ Still others) (VP are (VP looking (PP-CLR at (NP overseas markets)))) .)) (TOP (S (NP-SBJ USX) (VP is (VP funneling (NP drilling pipe) (PP-CLR to (NP steel-hungry Soviet Union)))) .)) (TOP (S (NP-TMP This year) , (NP-SBJ (NP the nation 's) largest steelmaker) (VP reactivated (NP its overseas sales operation)) .)) (TOP (S (NP-SBJ-2 Producers) (ADVP also) (VP are (VP trying (S (NP-SBJ *-2) (VP to (VP differentiate (PP-MNR by (S-NOM (NP-SBJ *) (VP concentrating (PP-CLR on (NP (NP higher-profit output) , (PP such as (NP (NP coated and electrogalvanized products) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP remain (PP-PRD beyond (NP (NP the reach) (PP of (NP minimills))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Almost all capital-improvement programs) (VP announced (NP *) (PP by (NP-LGS major steelmakers)) (PP-TMP within (NP the past year)))) (VP involve (S (NP-SBJ *-1) (VP building (NP (NP electrogalvanizing lines) , (VP used (NP-2 *) (S-CLR (NP-SBJ *-2) (VP to (VP produce (NP steel) (PP-CLR for (NP (NP such products) (PP as (NP (NP household appliances) and (NP car doors))))))))))))) .)) (TOP (S But (ADVP unfortunately) , (NP-SBJ that segment) (VP is (ADJP-PRD (ADJP much smaller) (PP than (NP the bread-and-butter flat-rolled steel)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (PP-PRD like (S-NOM (NP-SBJ everyone) (VP (VP climbing (PP-DIR out (PP of (NP the QE II)))) and (VP getting (PP-DIR into (NP a lifeboat)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP John Jacobson) , (NP (NP an analyst) (PP with (NP AUS Consultants)))) .)) (TOP (S `` (PP-TMP After (NP a while)) , (NP-SBJ-1 someone) (VP has (S (NP-SBJ *-1) (VP to (VP go (PP-DIR over (NP the side)))))) . '')) (TOP (S (SBAR-ADV Although (S (NP-SBJ he) (VP does n't (VP expect (NP any bankruptcies))))) , (NP-SBJ he) (VP does (VP see (S (NP-SBJ-1 more plants) (VP being (VP sold or closed (NP *-1)))))) .)) (TOP (S (NP-SBJ (NP Robert Crandall) , (PP with (NP the Brookings Institute)) ,) (VP agrees) .)) (TOP (S `` (SBAR-ADV Unless (S (NP-SBJ there) (VP is (NP-PRD (NP (NP an enormous rate) (PP of (NP economic growth))) or (NP (NP a further drop) (PP in (NP the dollar))))))) , (NP-SBJ it) (VP 's (ADJP-PRD unlikely (SBAR that (S (NP-SBJ (NP consumption) (PP of (NP U.S. produced steel))) (VP will (VP grow (ADVP-MNR sufficiently (S (NP-SBJ *) (VP to (VP offset (NP (NP the growth) (PP of (NP minimills))))))))))))) . '')) (TOP (FRAG (CONJP Not to mention) (NP (NP the incursion) (PP of (NP imports))) .)) (TOP (S (NP-SBJ (NP Japanese and European steelmakers) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (VP led (NP the recent technology developments))))) ,) (VP are (VP (ADVP-MNR anxiously) awaiting (NP (NP the lifting) (PP of (NP trade restraints)) (PP-TMP in (NP 1992))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ the U.S.) (VP can (VP expect (NP (NP more competition) (PP from (NP (ADJP low-cost producing) (UCP (NP Pacific Rim) and (ADJP Latin American)) countries))))) .)) (TOP (S (NP-SBJ-1 A Taiwanese steelmaker) (ADVP-TMP recently) (VP announced (NP plans (S (NP-SBJ *-1) (VP to (VP build (NP a Nucor-like plant)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ People) (VP think (PP-CLR of (NP the steel business)) (PP-CLR as (NP an (ADJP old and mundane) smokestack business)))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Iverson) .)) (TOP (S `` (NP-SBJ They) (VP 're (ADJP-PRD dead wrong)) . '')) (TOP (X (X *) (NP (NP USX) , (NP LTV) , (NP Bethlehem) , (NP Inland) , (NP Armco) , (NP National Steel)))) (TOP (X (X **) (ADJP Projected))) (TOP (S (NP-SBJ (NP (NP Polaroid Corp. 's) patent-infringement damages case) (PP against (NP (NP Eastman Kodak Co.) , (NP (NP one) (PP of (NP (NP the highest stakes corporate trials) (ADVP-TMP ever)))) ,))) (VP is (VP getting (NP scant attention) (PP-LOC on (NP Wall Street)))) .)) (TOP (S (PP-TMP After (NP (NP 78 days) (PP of (NP (NP mind-numbing testimony) (PP-LOC in (NP (NP federal court) (PP-LOC in (NP Boston)))))))) , (NP-SBJ-1 the trial) (VP is (VP being (ADVP all but) (VP ignored (NP *-1) (PP by (NP-LGS (NP analysts) and (NP patent attorneys)))))) .)) (TOP (S (NP-SBJ Most) (VP have (VP (VP read (NP the pre-trial documents) , (ADVP however) ,) and (VP estimate (SBAR 0 (S (NP-SBJ-1 Kodak) (VP will (VP be (VP ordered (S (NP-SBJ *-1) (VP to (VP pay (NP (QP $ 1 billion to $ 1.5 billion) *U*) (PP for (S-NOM (NP-SBJ *) (VP infringing (PP-CLR on (NP seven Polaroid patents)))))))))))))))) .)) (TOP (S (S (NP-SBJ That) (VP may (VP be (NP-PRD (NP the largest patent award) (ADVP-TMP ever))))) , but (S (NP-SBJ it) (VP is (PP-LOC-PRD (ADVP well) below (NP (NP the (QP $ 12 billion) *U*) (SBAR (WHNP-1 0) (S (NP-SBJ Polaroid) (VP seeks (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP The highest patent damage award) (PP to (NP date))) (VP was (PP-TMP-PRD in (NP (NP 1986) , (SBAR (WHADVP when) (S (NP-SBJ-1 Smith International Inc.) (VP was (VP ordered (S (NP-SBJ *-1) (VP to (VP pay (NP (QP $ 205 million) *U*) (PP-DTV to (NP Baker Hughes Inc.)) (PP-CLR for (S-NOM (NP-SBJ *) (VP infringing (PP-CLR on (NP (NP a patent) (PP on (NP an oil drilling bit seal))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The two companies) (ADVP-TMP later) (VP agreed (S (NP-SBJ *-1) (VP to (VP settle (PP-CLR for (NP (QP $ 95 million) *U*)))))) .)) (TOP (S (NP-SBJ Few analysts) (VP think (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP is (PP-PRD worth (NP their time)) (S-1 (NP-SBJ *) (VP to (VP slog (PP-CLR through (NP the Polaroid trial testimony))))))))) .)) (TOP (S `` (NP-SBJ It) (VP 's (PP-PRD like (S-NOM (NP-SBJ *) (VP panning (PP-CLR for (NP gold)) (PP-LOC outside (PP of (NP Grand Central Station))))))) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ You) (VP might (VP find (NP something)))) , but (S (NP-SBJ the chances) (VP are (ADJP-PRD low)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Michael Ellman) , (NP (NP an analyst) (PP-LOC at (NP Wertheim Schroder & Co)))) .)) (TOP (S And (NP-SBJ (NP Eugene Glazer) , (NP (NP an analyst) (PP-LOC at (NP Dean Witter Reynolds Inc.))) ,) (VP said : (S `` (SBAR-ADV If (S (NP-SBJ you) (VP hired (NP (NP an attorney) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP (VP be (ADVP-LOC-PRD there) (NP-TMP all the time)) and (VP give (NP you) (NP (NP a -LRB- prediction -RRB-) (PP of (NP the eventual award)))))))))))) , (NP-SBJ-2 I) (VP would (VP be (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP bet (SBAR that (S (NP-SBJ he) (VP would (VP be (ADVP-PRD off '' (PP by (NP a lot))))))))))))))) .)) (TOP (S (NP-SBJ (NP A 75-day trial) (PP-TMP in (NP the early 1980s))) (VP determined (SBAR that (S (NP-SBJ (NP Kodak) , (VP based (NP *) (PP-LOC in (NP (NP Rochester) , (NP N.Y.) ,)))) (VP infringed (PP-CLR on (NP (NP patents) (PP of (NP (NP Polaroid) , (PP of (NP (NP Cambridge) , (NP Mass))))))))))) .)) (TOP (S (NP-SBJ (NP The main issues) (VP remaining)) (VP are (SBAR-PRD (SBAR (WHADVP-1 how) (S (NP-SBJ *) (VP to (VP calculate (NP damages) (ADVP-MNR *T*-1))))) and (SBAR whether (S (NP-SBJ the infringement) (VP was (ADJP-PRD `` willful and deliberate)))))) . '')) (TOP (S (SBAR-ADV If (FRAG (ADVP so))) , (NP-SBJ-1 the damages) (VP could (VP be (VP tripled (NP *-1)))) .)) (TOP (S (NP-SBJ (NP Two analysts) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP read (NP the transcripts))))) , (NP (NP (NP David Nelson) (PP of (NP Shearson Lehman Hutton Inc.))) and (NP (NP Calvert D. Crary) , (NP (NP a litigation analyst) (PP-LOC at (NP Labe , Simpson & Co.))))) ,) (VP think (SBAR 0 (S (NP-SBJ Judge A. David Mazzone) (VP will (VP decide (PP-MNR in (NP (NP Kodak 's) favor)) (PP-CLR on (NP the (ADJP `` willful and deliberate '') issue))))))) .)) (TOP (S (NP-SBJ Mr. Crary) (VP said (SBAR 0 (S (NP-SBJ (NP testimony) (PP by (NP (NP (NP Kodak 's) patent counsel) , (NP (NP Francis T. Carr) (PP of (NP Kenyon & Kenyon))) ,))) (VP showed (SBAR that (S `` (NP-SBJ he) (VP worked (PP-CLR with (NP Kodak)) (ADVP-MNR continuously) (PP-TMP from (NP (NP the outset) (PP of (NP the project)))) '' (PP in (NP an effort (S (NP-SBJ *) (VP to (VP avoid (NP infringement))))))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ Carr) (VP told (NP Kodak) (PP-TMP on (NP many occasions)) (S (NP-SBJ *) (VP to (VP avoid (NP various features) (PP-PRP because of (NP (NP Polaroid 's) patent positions))))))) , '' and (S (NP-SBJ Kodak) (VP followed (NP his advice) (PP in (NP every instance))))) , (NP-SBJ Mr. Crary) (VP said (S *T*-1)) .)) (TOP (S But (NP-SBJ (NP Irving Kayton) , (NP (NP a patent expert) (PP-LOC at (NP (NP George Mason University School) (PP of (NP Law))))) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD familiar (PP with (NP the case)))))) ,) (VP said (SBAR 0 (S (NP-SBJ the fact (SBAR that (S (NP-SBJ-1 seven patents) (VP were (VP infringed (NP *-1)))))) `` (VP suggests (SBAR 0 (S (NP-SBJ that infringement) (VP was (ADJP-PRD willful)))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD difficult) (S-1 (NP-SBJ *) (VP to (VP be (ADJP-PRD that consistently wrong))))) . '')) (TOP (S (NP-SBJ Observers) (ADVP also) (VP wonder (SBAR whether (S (NP-SBJ Judge Mazzone) (VP will (VP use (NP (NP (NP the lost-profits method) (PP of (S-NOM (NP-SBJ *) (VP determining (NP damages)))) , (SBAR (WHNP-1 which) (S (NP-SBJ Polaroid) (VP favors (NP *T*-1) (SBAR-PRP because (S (NP-SBJ it) (VP would (VP result (PP-CLR in (NP a larger award)))))))))) , or (NP the reasonable royalty method))))))) .)) (TOP (S (NP-SBJ Polaroid) (VP claims (SBAR 0 (S (NP-SBJ it) (VP could (VP have (VP manufactured and sold (NP (NP all the instant cameras and film) (VP sold (NP *) (PP by (NP-LGS Kodak)))) (SBAR-ADV if (S (NP-SBJ Kodak) (VP had n't (VP entered (NP the market))))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ Polaroid) (VP contends (SBAR 0 (S (NP-SBJ it) (VP could (VP have (VP (VP sold (NP them) (PP-CLR at (NP a higher price))) (PRN -- and (VP (ADVP thus) made (NP higher profits)) --) (SBAR-PRP because (S (NP-SBJ-1 it) (VP would n't (VP have (VP been (VP forced (S (NP-SBJ *-1) (VP to (VP match (NP (NP Kodak 's) lower prices)))))))))))))))) .)) (TOP (S (NP-SBJ Each side) (VP has (VP called (NP (NP a Harvard Business School professor) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP testify (PP-CLR on (NP that issue))))))))) .)) (TOP (S (S (NP-SBJ Kodak) (VP hired (NP Robert Buzzell))) and (S (NP-SBJ Polaroid) (VP brought (PRT in) (NP Robert J. Dolan))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ There) (VP 's (NP-PRD (NP nothing) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP says (SBAR that (S (NP-SBJ-2 (NP people) (PP-LOC at (NP Harvard Business school))) (VP have (S (NP-SBJ *-2) (VP to (VP agree (PP-CLR with (NP each other)))))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ Mr. Buzzell) .)) (TOP (S (NP-SBJ-1 Testimony) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP continue (PP-TMP until (NP early December))))))) .)) (TOP (S (NP-SBJ-1 A decision) (VP is n't (VP expected (NP *-1) (PP-TMP until (NP (NP some time) (NP-TMP next year))))) .)) (TOP (S (NP-SBJ International Business Machines Corp.) (VP said (SBAR 0 (S (NP-SBJ earnings) (VP tumbled (NP-EXT 30 %) (PP-TMP in (NP the third quarter)) , (ADVP (ADVP even a bit further) (PP than (S-NOM (NP-SBJ-1 *) (VP expected (NP *-1))))) , (S-ADV (NP-SBJ *) (VP rendering (S (NP-SBJ the outlook) (ADJP-PRD doubtful)) (PP-TMP for (NP the next few quarters)))))))) .)) (TOP (S (NP-SBJ The main reason) (VP was (NP-PRD (NP a delay) (PP in (NP (NP shipment) (PP of (NP (NP new high-end disk drives) , (NP (NP a business) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP accounts (PP-CLR for (NP (NP (QP some 10) %) (PP of (NP (NP (NP IBM 's) (QP $ 60 billion) *U*) (PP of (NP annual revenue)))))))))))))))) .)) (TOP (S (NP-SBJ (NP IBM) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP telegraphed (NP the poor results) (ADVP-TMP (NP three weeks) ago)))) ,) (ADVP also) (VP cited (NP (NP an increase) (PP in (NP (NP its leasing business) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP tends (S (NP-SBJ *-3) (VP to (VP (VP lock (PRT in) (NP business) (ADVP-TMP long-term)) but (VP cut (NP revenue) (PP-TMP in (NP the near term))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ IBM) (VP noted (SBAR that (S (NP-SBJ the stronger dollar) (VP has (VP cut (NP (NP the value) (PP of (NP overseas revenue and earnings))) (SBAR-TMP (WHADVP when) (S (NP-SBJ-1 they) (VP are (VP translated (NP *-1) (PP-CLR into (NP dollars))))))))))) .)) (TOP (S (NP-SBJ Earnings) (VP fell (PP-DIR to (NP (NP (QP $ 877 million) *U*) , or (NP (NP $ 1.51 *U*) (NP-ADV a share)) ,)) (PP somewhat below (NP (NP (NP securities analysts ') revised expectations) (PP of (NP (NP (QP around $ 1.60) *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ That) (VP compared (PP-CLR with (NP (NP (NP the year-earlier (QP $ 1.25 billion) *U*) , or (NP (NP $ 2.10 *U*) (NP-ADV a share))) -- (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP inflated (NP *-1) (PP (PP by (NP-LGS (NP a 15-cents-a-share gain) (PP from (NP (NP the sale) (PP of (NP some MCI Communications Corp. stock)))))) and (PP by (NP-LGS (NP an unspecified amount) (PP from (NP (NP a payment) (PP by (NP Fujitsu Ltd.)) (VP relating (PP-CLR to (NP a software dispute))))))))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP climbed (NP-EXT 4.3 %) (PP-DIR to (NP (QP $ 14.31 billion) *U*)) (PP-DIR from (NP (QP $ 13.71 billion) *U*))) .)) (TOP (S (NP-SBJ (NP IBM) , (NP-LOC (NP Armonk) , (NP N.Y.)) ,) (VP remained (ADJP-PRD upbeat)) .)) (TOP (S (NP-SBJ (NP The computer giant) , (SBAR whose (S (NP-SBJ U.S. results) (VP have (VP been (ADJP-PRD dismal) (PP-TMP for (NP years)))))) ,) (VP noted (SBAR that (S (NP-SBJ revenue) (VP rose (ADVP again) (PP-LOC in (NP the U.S.)) (PP-TMP in (NP the third quarter)) , (PP following (NP (NP an increase) (PP-TMP in (NP the second period)))))))) .)) (TOP (S (NP-SBJ The company) (VP said (PP-LOC in (NP a statement)) (SBAR that (S `` (NP-SBJ-1 (NP demand) (PP for (NP IBM products and services))) (VP continues (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD good) (ADVP-LOC world-wide)))))))) .)) (TOP (S (NP-SBJ We) (VP do not (VP see (NP (NP anything) (SBAR *ICH*-1)) (PP-LOC in (NP (NP the fundamentals) (PP of (NP our business)))) (SBAR-1 (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP cause (S (NP-SBJ us) (VP to (VP change (NP (NP our strategy) (PP of (S-NOM (NP-SBJ *) (VP investing (PP-PRP for (NP profitable growth))))))))))))))) . '')) (TOP (S (NP-SBJ Securities analysts) , (ADVP however) , (VP remained (ADJP-PRD downbeat)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ 1990) (VP will (VP be (NP-PRD another mediocre year))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Steve Milunovich) (PP of (NP First Boston))) .)) (TOP (S (NP-SBJ (NP Jay Stevens) (PP of (NP Dean Witter))) (VP (ADVP actually) cut (NP his per-share earnings estimate) (PP-DIR (PP to (NP $ 9 *U*)) (PP from (NP (NP $ 9.50 *U*) (PP for (NP 1989)))) and (PP to (NP $ 9.50 *U*)) (PP from (NP $ 10.35 *U*) (PP-TMP in (NP 1990)))) (SBAR-PRP because (S (NP-SBJ he) (VP decided (SBAR 0 (S (NP-SBJ sales) (VP would (VP be (ADJP-PRD (ADJP even weaker) (SBAR than (S (NP-SBJ he) (VP had (VP expected (S *?*)))))))))))))) .)) (TOP (S (NP-SBJ Both estimates) (VP would (VP mark (NP (NP declines) (PP from (NP (NP the 1988 net) (PP of (NP (NP (QP $ 5.81 billion) *U*) , or (NP (NP $ 9.80 *U*) (NP-ADV a share)))) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (ADVP itself) (VP was (PP-PRD (ADVP well) below (NP (NP the record) (SBAR (WHNP-1 0) (S (NP-SBJ IBM) (VP set (NP *T*-1) (PP-TMP in (NP 1984))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Stevens) (VP said (SBAR 0 (S (NP-SBJ he) (VP kept (NP (NP a `` buy/hold '' recommendation) (PP on (NP the stock))) (SBAR-PRP only because `` (S (NP-SBJ-1 all the damage) (VP has (VP been (VP done (NP *-1)))))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the stock) (VP has n't (VP traded (PP-LOC below (NP (NP (QP 1 1 times) book value) (SBAR *ICH*-3))) (PP-TMP over (NP the past 10 years)) , (SBAR-3 (WHNP (WHNP-1 which) (S (PP-TMP at (NP the moment)) (NP-SBJ *T*-1) (VP computes (PP-CLR to (NP (NP a stock price) (PP of (NP $ 100 *U*))))))))))))) .)) (TOP (S (NP-SBJ The stock) (VP closed (NP-TMP yesterday) (PP-CLR at (NP (NP $ 103 *U*) (NP-ADV a share))) , (ADVP up (NP (QP just $ 1) *U*)) (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) (SBAR-ADV as (S (NP-SBJ the market) (VP surged)))) .)) (TOP (S (NP-SBJ Analysts) (VP worry (SBAR that (S (NP-SBJ the disk-drive and leasing problems) (VP will (VP last (PP-TMP (ADVP at least) through (NP the first quarter))))))) .)) (TOP (SINV `` (S-TMP-TPC-3 (NP-SBJ (NP A key part) (PP of (NP the question))) (VP is , (SBARQ-PRD (SBARQ (WHADVP-1 how soon) (SQ does (NP-SBJ this disk-drive) (VP come (ADVP-TMP *T*-1)))) and (SBARQ (WHADVP-2 how soon) (SQ does (NP-SBJ production) (VP ramp (PRT up) (ADVP-TMP *T*-2))))))) ? '' (VP said (S-TMP *T*-3)) (NP-SBJ (NP Steve Cohen) (PP-LOC at (NP SoundView Financial Group))) .)) (TOP (S `` And (NP-SBJ (NP the input) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP 've (VP had (NP *T*-1) (PP from (NP customers))))))) (VP is (SBAR-PRD that (S (NP-SBJ it) (ADVP still) (VP could (VP be (NP-PRD a while)))))) . '')) (TOP (S (PP On (NP leasing)) , (NP-SBJ (NP Bob Djurdjevic) (PP-LOC at (NP Annex Research))) (VP said (SBAR 0 (S (NP-SBJ he) (VP thinks (SBAR 0 (S (NP-SBJ IBM) (VP has (VP hurt (NP itself) (ADVP unnecessarily))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 IBM) (VP has (VP priced (NP its leases) (ADVP-MNR aggressively) , (S-ADV (NP-SBJ *-1) (VP thinking (SBAR 0 (S (NP-SBJ-2 that) (VP would (VP help (S (NP-SBJ *-2) (VP win (NP business)))))))))))))) .)) (TOP (S But (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ IBM) (VP would (VP have (VP won (NP the business) (ADVP anyway) (PP-CLR as (NP (NP a sale) (PP to (NP (NP a third party) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP have (ADVP-TMP then) (VP leased (NP the equipment) (PP-CLR to (NP the customer))))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ IBM) has (VP not only (VP hurt (NP its short-term revenue outlook)) but (VP has also (VP been (VP losing (NP money) (PP-CLR on (NP its leases))))))))) .)) (TOP (S (NP-SBJ (NP Bob Bardagy) , (NP (NP executive vice president) (PP of (NP marketing)) (PP-LOC at (NP (NP Comdisco Inc.) , (NP a huge leasing firm)))) ,) (VP said : (S `` (S-ADV (NP-SBJ *) (VP To (VP put (NP it) (ADVP-MNR mildly)))) , (NP-SBJ IBM Credit) (VP has (VP been (VP doing (NP (NP some) (PP of (NP (NP the worst economic deals) (PP of (NP (NP any leasing company) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP have (ADVP-TMP ever) (VP seen (NP *T*-1))))))))))))))) . '')) (TOP (S (NP-SBJ-1 IBM) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP get (NP a boost) (ADVP-TMP soon) (SBAR-TMP (WHADVP when) (S (NP-SBJ it) (VP announces (NP (NP some new versions) (PP of (NP its mainframes))))))))))) .)) (TOP (S But (NP-SBJ (NP the basic technology) (PP in (NP the line))) (VP (VP is (ADJP-PRD (NP-ADV (QP almost five) years) old)) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP means (SBAR 0 (S (S (NP-SBJ it) (VP is (ADJP-PRD long (PP in (NP the tooth))))) , and (S (NP-SBJ competitors) (VP are (VP rolling (PRT out) (NP (NP strong products) (PP of (NP their own)))))))))))) .)) (TOP (S (NP-SBJ IBM) (VP is (VP gaining (NP momentum) (PP-LOC in (NP the personal-computer market))) , and (VP is (VP expected (S (NP-SBJ *) (VP to (VP introduce (NP some impressive workstations) (NP-TMP early next year))))))) .)) (TOP (S But (S (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD hard) (S-1 (NP-SBJ *) (VP to (VP squeeze (NP much profit) (PP-CLR out (PP of (NP the personal-computer business))) (NP-TMP these days)))))) , and (S (NP-SBJ (NP the workstation market) , (PP while (ADJP important)) ,) (VP is (ADJP-PRD too small (S (NP-SBJ *) (VP to (VP rely (PRT on) (PP-PRP for (NP much growth)))))))) .)) (TOP (S (NP-SBJ The disk drives) (VP will (ADVP doubtless) (VP sell (ADVP-MNR well) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ they) (ADVP finally) (VP become (ADJP-PRD available) (ADVP-TMP *T*-1)))))) .)) (TOP (S (S But (NP-SBJ (NP the AS/400) , (NP (NP IBM 's) (ADJP highly successful) minicomputer line) ,) (VP is (VP losing (NP its momentum)))) , and (S (NP-SBJ some analysts) (VP said (SBAR 0 (S (NP-SBJ sales) (VP could (ADVP even) (VP decline (PP-TMP in (NP the fourth quarter)))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP (NP IBM 's) growth) (PP-LOC in (NP software)) (PP-TMP in (NP the third quarter))) (VP was (NP-PRD (QP just 8.8) %) , (PP (ADVP well) below (NP historical levels)) (SBAR-ADV even (WHADVP-2 when) (S (NP-SBJ-1 *) (VP adjusted (S-PRP (NP-SBJ *-1) (VP to (VP reflect (NP (NP (NP (NP last year 's) payment) (PP from (NP Fujitsu))) and (NP the stronger dollar))))) (ADVP-TMP *T*-2))))) .)) (TOP (S And (NP-SBJ (NP expenses) , (ADVP up (NP 7.9 %) (PP-TMP in (NP the quarter))) ,) (VP have (VP stayed (ADJP-PRD stubbornly high))) .)) (TOP (S (PP-TMP In (NP the nine months)) , (NP-SBJ IBM) (VP earned (NP (NP (QP $ 3.17 billion) *U*) , or (NP (NP $ 5.43 *U*) (NP-ADV a share)) , (ADVP down (NP 8.4 %) (PP-TMP from (NP the year-earlier (NX (NX (QP $ 3.46 billion) *U*) , or (NX (NP $ 5.83 *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ Revenue) (VP increased (NP-EXT 6.5 %) (PP-DIR to (NP (QP $ 42.25 billion) *U*)) (PP-DIR from (NP (QP $ 39.68 billion) *U*))) .)) (TOP (S (NP-SBJ (NP PepsiCo Inc. 's) chairman) (VP said (SBAR 0 (S (NP-SBJ he) (VP is (ADJP-PRD `` (ADJP more) (PP than (ADJP comfortable)) (PP with '' (NP (NP analysts ') estimates (SBAR that (S (NP-SBJ third-quarter earnings) (VP rose (PP-DIR to (NP (NP (NP (QP at least 98) cents) (PP to (NP $ 1 *U*))) (NP-ADV a share))) (PP-DIR from (NP 91 cents) (ADVP-TMP (NP the year) earlier)))))))))))) .)) (TOP (S (NP-SBJ (NP D. Wayne Calloway) , (ADVP also) (NP (NP chief executive officer) (PP of (NP the company))) ,) (VP indicated (SBAR that (S (NP-SBJ he) (VP expects (S (NP-SBJ analysts) (VP to (VP raise (NP (NP their forecasts) (PP for (NP 1989))) (SBAR-TMP after (S (NP-SBJ the company) (VP releases (NP its earnings) (NP-TMP today))))))))))) .)) (TOP (S (ADVP So far) , (NP-SBJ analysts) (VP have (VP said (SBAR 0 (S (NP-SBJ they) (VP are (VP looking (PP-CLR for (NP (NP (QP $ 3.30 to $ 3.35) *U*) (NP-ADV a share))))))))) .)) (TOP (S (PP-TMP After (NP (NP today 's) announcement)) , (NP-SBJ that range) (VP could (VP increase (PP-DIR to (NP (NP (QP $ 3.35 to $ 3.40) *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ The official) (VP said (SBAR 0 (S (NP-SBJ he) (ADVP also) (VP would (VP be (ADJP-PRD comfortable (PP with (NP that new range)))))))) .)) (TOP (S (PP-TMP In (NP 1988)) , (NP-SBJ the soft-drink giant) (VP earned (NP (NP $ 2.90 *U*) (NP-ADV a share))) .)) (TOP (S (NP-SBJ (NP Results) (PP for (NP 1989))) (VP will (VP include (NP (NP (QP about 40) cents) (NP-ADV a share) (PP from (NP (NP the dilutive effects) (PP of (NP snack-food and bottling company acquisitions))))))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ the company) (VP closed (NP-TMP yesterday) (PP-CLR at (NP (NP $ 57.125 *U*) (NP-ADV a share))) , (ADVP up (NP $ 3.125 *U*))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 third-quarter sales) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP increase (NP-EXT 25 %) (PP-DIR from (NP (NP (QP $ 3.12 billion) *U*) (PP of (NP (NP last year 's) third quarter)))))))))))) .)) (TOP (S (NP-SBJ-2 Domestic soft-drink bottler case sales) (VP are (VP estimated (S (NP-SBJ *-2) (VP to (VP have (VP risen (NP-EXT (QP only 1) %) (PP-TMP in (NP the third quarter)) -- (PP (PP (ADVP well) below (NP (NP the (ADJP (QP 4 % to 5 %) *U*) growth) (PP of (NP recent years)))) -- but (PP (ADVP about) in (NP (NP line) (PP with (NP (NP the rest) (PP of (NP the soft-drink industry))))))))))))) .)) (TOP (S (NP-SBJ Mr. Calloway) (VP blamed (NP the slower volume) (PP-CLR on (NP (NP rainier weather) , (NP (NP a dearth) (PP of (NP new products)) (PP-LOC in (NP the industry))) and (PRN -- (PP to (NP a (ADJP much lesser) extent)) --) (NP pricing)))) .)) (TOP (S (NP-SBJ PepsiCo) (VP said (SBAR 0 (S (NP-SBJ its soft-drink prices) (VP were (ADJP-PRD (NP-ADV (QP about 2) %) higher) (PP-TMP in (NP the quarter)))))) .)) (TOP (S (NP-SBJ Mr. Calloway) (ADVP also) (VP noted (SBAR that (S (NP-SBJ soft-drink volume) (VP rose (NP-EXT a hefty 9 %) (PP-TMP in (NP (NP last year 's) third quarter)) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ the comparison) (ADJP-PRD more difficult)))))))) .)) (TOP (S (NP-SBJ International soft-drink volume) (VP was (ADVP-PRD up (NP (QP about 6) %))) .)) (TOP (S (S-TPC-1 (NP-SBJ Snack-food tonnage) (VP increased (NP-EXT a strong 7 %) (PP-TMP in (NP the third quarter)) , (SBAR-ADV while (S (NP-SBJ domestic profit) (VP increased (PP-LOC in (NP double digits))))))) , (NP-SBJ Mr. Calloway) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Excluding (NP (NP the British snack-food business) (VP acquired (NP *) (PP-TMP in (NP July)))))) , (NP-SBJ snack-food international tonnage) (VP jumped (NP-EXT 40 %) , (SBAR-ADV with (S (NP-SBJ sales) (ADJP-PRD strong (PP-LOC in (NP Spain , Mexico and Brazil)))))) .)) (TOP (S (NP-SBJ Total snack-food profit) (VP rose (NP-EXT 30 %)) .)) (TOP (S (S (NP-SBJ-1 *) (VP Led (NP *-1) (PP by (NP-LGS (NP Pizza Hut) and (NP Taco Bell))))) , (NP-SBJ restaurant earnings) (VP increased (NP-EXT (QP about 25) %) (PP-TMP in (NP the third quarter)) (PP on (NP a (ADJP 22 %) sales increase))) .)) (TOP (S (NP-SBJ (NP Same-store sales) (PP for (NP Pizza Hut))) (VP rose (NP-EXT (QP about 13) %) , (SBAR-ADV while (S (NP-SBJ Taco Bell 's) (VP increased (NP-EXT 22 %) , (SBAR-ADV as (S (NP-SBJ-1 the chain) (VP continues (S (NP-SBJ *-1) (VP to (VP benefit (PP-CLR from (NP its price-value strategy)))))))))))) .)) (TOP (S (NP-SBJ Taco Bell) (VP has (VP turned (PP-CLR around (NP declining customer counts)) (PP-MNR by (S-NOM (NP-SBJ *) (VP (ADVP permanently) lowering (NP (NP the price) (PP of (NP its tacos)))))))) .)) (TOP (S (NP-SBJ (NP Same store-sales) (PP for (NP (NP Kentucky Fried Chicken) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP struggled (PP with (NP (NP (NP increased competition) (PP-LOC in (NP the fast-food chicken market))) and (NP (NP a lack) (PP of (NP new products))))))))) ,))) (VP rose (NP-EXT (QP only 1) %)) .)) (TOP (S (NP-SBJ (NP The operation) , (SBAR (WHNP-2 which) (S (NP-SBJ-4 *T*-2) (VP has (VP been (ADJP-PRD slow (S (NP-SBJ *-4) (VP to (VP respond (PP-CLR to (NP (NP (NP consumers ') shifting tastes) (ADVP away (PP from (NP fried foods))))))))))))) ,) (VP has (VP been (VP developing (NP (NP a grilled-chicken product) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP may (VP be (VP introduced (NP *-1) (ADVP-LOC nationally) (PP-TMP at (NP (NP the end) (PP of (NP next year))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The new product) (VP has (VP performed (ADVP-MNR well) (PP-LOC in (NP (NP a market test) (PP-LOC in (NP (NP Las Vegas) , (NP Nev.)))))))) , (NP-SBJ Mr. Calloway) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP After (NP (NP a four-year , (ADJP (QP $ 7.7 billion) *U*) acquisition binge) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP brought (NP (NP a major soft-drink company) , (NP soda bottlers) , (NP a fast-food chain) and (NP an overseas snack-food giant)) (PP-DTV to (NP Pepsi))))))) , (NP-SBJ Mr. Calloway) (VP said (SBAR 0 (S (NP-SBJ he) (VP does n't (VP expect (NP any major acquisition) (PP-TMP in (NP the next year (QP or so)))))))) .)) (TOP (S-1 But , `` (S (NP-SBJ You) (ADVP-TMP never) (VP can (VP tell))) , '' (PRN (S (NP-SBJ he) (VP added (S *T*-1))) ,) `` (S (NP-SBJ-2 you) (VP have (S (NP-SBJ *-2) (VP to (VP take (NP-CLR advantage) (PP-CLR of (NP opportunities))))))) .)) (TOP (S (NP-SBJ President Bush) (VP chose (NP-1 (NP Martin Allday) , (NP (NP a longtime friend) (PP from (NP Texas))) ,) (S-CLR (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP chairman) (PP of (NP the Federal Energy Regulatory Commission))))))) .)) (TOP (S (NP-SBJ Mr. Allday) (VP would (VP succeed (NP (NP Martha Hesse) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP resigning))))))) .)) (TOP (S (NP-SBJ The White House) (VP said (SBAR 0 (S (NP-SBJ-2 (NP Ms. Hesse) , (NP (NP a Chicago businesswoman) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP previously) (VP held (NP (NP posts) (PP-LOC at (NP (NP the Energy Department) and (NP FERC)))))))) ,) (VP is (VP leaving (S-PRP (NP-SBJ *-2) (VP to (VP become (NP-PRD (NP a vice president) (PP of (NP First Chicago Corp))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Allday) , (NP (NP an attorney) (PP-LOC in (NP (NP Midland) , (NP Texas) ,)))) (VP has (VP been (NP-PRD solicitor) (PP-LOC at (NP the Interior Department)))) .)) (TOP (S (NP-SBJ He) (VP met (NP Mr. Bush) (PP-TMP in (NP (NP the 1950s) , (SBAR (WHADVP-1 when) (S (S (NP-SBJ the president) (VP was (NP-PRD a young oil man) (PP-LOC in (NP Midland)) (ADVP-TMP *T*-1))) and (S (NP-SBJ Mr. Allday) (VP was (NP-PRD (NP a lawyer) (PP for (NP an oil firm))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ The FERC) (VP is (NP-PRD (NP a five-member commission) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP regulates (NP (NP billions) (PP of (NP (NP dollars) (PP of (NP interstate wholesale energy transactions)))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Allday 's) appointment) (VP is (ADJP-PRD subject (PP to (NP (NP confirmation) (PP by (NP the Senate)))))) .)) (TOP (S (NP-SBJ Administration officials) (VP said (SBAR 0 (S (NP-SBJ-1 (NP a date) (PP for (NP (NP Ms. Hesse 's) departure))) (VP has n't (VP been (VP set (NP *-1))))))) .)) (TOP (S (NP-SBJ CALIFORNIA REAL ESTATE INVESTMENT Corp.) (VP said (SBAR 0 (S (NP-SBJ its directors) (VP declared (NP (NP a dividend) (PP of (NP (NP five cents) (PP per (NP Class A common stock)))) (ADJP payable (NP-TMP Nov. 6) (PP to (NP (NP (NP stock) (PP of (NP record))) (NP-TMP Oct. 16))))))))) .)) (TOP (S (NP-SBJ The dividend) (VP represents (NP (NP the balance) (PP of (NP (NP (NP its regular quarterly payout) (PP of (NP (NP 10 cents) (NP-ADV a share)))) , (SBAR (WHPP-2 of (WHNP which)) (S (NP-SBJ-1 (NP half) (PP *T*-2)) (VP was (VP paid (NP *-1) (NP-TMP July 17) (PP-MNR in (NP a final distribution)) (ADVP-TMP prior (PP to (NP (NP its merger) (PP with (NP B.B. Real Estate Investment Corp.)) , (PP-TMP (ADVP also) in (NP July))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP hopes (S (NP-SBJ *-1) (VP to (VP resume (NP (NP its schedule) (PP of (NP regular quarterly dividends))) (PP-TMP at (NP (NP the end) (PP of (NP this year))))))))))) .)) (TOP (S (NP-SBJ Hydro-Quebec) (VP said (SBAR 0 (S (NP-SBJ it) (VP notified (NP Central Maine Power Co.) (SBAR 0 (S (NP-SBJ it) (VP will (VP cancel (NP a (ADJP (QP $ 4 billion) *U*) contract (S (NP-SBJ *) (VP to (VP supply (NP electricity) (PP-CLR to (NP the Maine utility)))))))))))))) .)) (TOP (S (NP-SBJ The (ADJP provincially owned) utility) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP tearing (PRT up) (NP the deal) (SBAR-PRP because `` (S (NP-SBJ-1 (NP the contract 's) objectives) (VP ca n't (VP be (VP fulfilled (NP *-1))))))))))) . '')) (TOP (S (NP-SBJ Hydro-Quebec) (VP said (SBAR 0 (S (NP-SBJ (NP Maine regulators ') refusal (S (NP-SBJ *) (VP to (VP approve (NP the contract) (NP-TMP earlier this year))))) (VP (VP halted (NP (NP work) (PP on (NP transmission lines)))) and (VP stopped (NP (NP negotiations) (PP for (NP (NP resale) (PP of (NP (NP electricity) (VP carried (NP *) (PP-LOC through (NP Maine)) (PP-DIR to (NP other utilities))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP would (ADVP-TMP now) (VP be (ADJP-PRD physically impossible (S (NP-SBJ *) (VP to (VP begin (NP deliveries) (PP-TMP in (NP 1992))))))))) , '' (NP-SBJ a Hydro-Quebec official) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-1 The contract) (VP was (S (NP-SBJ *-1) (VP to (VP run (PP-TMP from (NP 1992)) (PP-TMP to (NP 2020)))))) .)) (TOP (S (PP-LOC Under (NP the contract)) (NP-SBJ-1 Hydro-Quebec) (VP was (S (NP-SBJ *-1) (VP to (VP (VP supply (NP-2 (NP (NP 400 megawatts) (PP of (NP power)))) (PP-CLR to (NP Central Maine Power)) (S-ADV-3 (NP-SBJ *) (VP starting (PP-TMP in (NP 1992))))) , (VP (NP=2 600 megawatts) (S-ADV=3 (NP-SBJ *) (VP starting (PP-TMP in (NP 1995))))) and (VP (NP=2 900 megawatts) (S-ADV=3 (NP-SBJ *) (VP starting (PP-TMP in)))))))))) (TOP (S (NP-SBJ Hydro-Quebec) (VP said (SBAR 0 (S (NP-SBJ (NP Maine regulators ') refusal (S (NP-SBJ *) (VP to (VP approve (NP the contract))))) (VP means (SBAR 0 (S (NP-SBJ Central Maine Power) (VP has (VP lost (NP (NP its place) (PP-LOC in (NP line))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP wo n't (VP sign (NP (NP (NP any new contracts) -LCB- (PP with (NP deliveries)) -RCB-) (VP beginning (ADVP-TMP (ADVP earlier) (PP than (NP 2000)))))))) , '' (NP-SBJ the Hydro-Quebec official) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ Hydro-Quebec) (ADVP already) (VP has (NP (NP some `` customers) (PP *ICH*-2)) (PP-LOC in (NP mind)) '' (PP-2 for (NP (NP the power) (SBAR (WHNP-3 that) (S (NP-SBJ-4 *T*-3) (VP was (S (NP-SBJ-1 *-4) (VP to (VP be (VP delivered (NP *-1) (PP-DIR to (NP Maine))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP Nothing) (S *ICH*-1)) (VP has (VP happened (SBAR-TMP since (S (NP-SBJ we) (VP signed (NP the contract)))) (S-1 (NP-SBJ *) (VP to (VP undermine (NP our conviction (SBAR that (S (NP-SBJ Hydro-Quebec) (VP was (NP-PRD (NP the lowest-cost , (ADJP most environmentally acceptable) choice) (PP for (S-NOM (NP-SBJ *) (VP meeting (NP (NP a part) (PP of (NP (NP our customers ') energy needs))) (PP-TMP through (NP the year 2020)))))))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ Central Maine senior vice president Donald F. Kelly) .)) (TOP (S (NP-SBJ Central Maine) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP evaluating (NP `` (NP many energy options) '' (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP make (PRT up) (PP-CLR for (NP the lost future power)) (ADVP-MNR *T*-1))))) , (PP including (NP (NP (NP new energy generation and management proposals) (PP from (NP New England))) , and (ADVP possibly) (NP new Canadian purchases))))))))) .)) (TOP (S (NP-LOC CHICAGO) - (NP-SBJ (NP Options traders) (PP *ICH*-1)) (VP were (PP-PRD among (NP (NP the big victims) (PP of (NP (NP Friday 's) plunging stock market)))) , (PP-1 including (NP (NP one small firm) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP required (NP an emergency (ADJP (QP $ 50 million) *U*) bailout))))))) .)) (TOP (S (S-TPC-2 (SBAR-ADV While (S (NP-SBJ (NP Monday 's) rebounding markets) (VP helped (S (NP-SBJ other investors) (VP recoup (NP losses)))))) , (NP-SBJ-1 (NP (NP many (NX (NX options customers) and (NX professional traders))) (PP-LOC in (NP stock-index options))) and (NP (NP the options) (PP on (NP takeover stocks)))) (VP were (VP left (NP *-1) (PP-CLR with (NP multimillion-dollar losses))))) , (NP-SBJ (NP traders) (UCP-LOC (ADVP here) and (PP in (NP New York)))) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 Options traders) (VP were (VP hurt (NP *-1) (ADVP-MNR (ADVP worse) (PP than (NP others))) (PP-TMP on (NP Friday)) (PP-PRP because of (NP (NP the (ADJP highly volatile) nature) (PP of (NP (NP options) , (SBAR (WHNP-3 which) (S (ADVP-TMP often) (NP-SBJ *T*-3) (VP rise or fall (PP in (NP value)) (NP (NP (NP-ADV several times) the amount) (PP of (NP (NP the price change) (PP in (NP (NP (NP the individual stock) or (NP (NP index) (PP of (NP stocks)))) (SBAR (WHPP-4 on (WHNP which)) (S (NP-SBJ-2 they) (VP are (VP based (NP *-2) (PP-CLR *T*-4))))))))))))))))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ-1 options traders) (NP-TMP Friday) (VP were (VP stuck (NP *-1) (PP-CLR with (NP (NP losses) (SBAR (WHNP-2 that) (S (ADVP also) (NP-SBJ *T*-2) (VP were (ADJP-PRD (ADJP (NP-SBJ several times) larger) (PP than (NP (NP those) (VP suffered (NP *) (PP by (NP-LGS (NP many stock traders) (PP-LOC in (NP New York))))))))))))))) .)) (TOP (S (NP-SBJ (NP Jeffrey Miller) (PP of (NP Miller Tabak Hirsch & Co.))) (VP said (SBAR that (S (PP given (NP (NP the high degree) (PP of (NP (NP leverage) (PP-LOC in (NP the options market)))))) , (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP is `` (ADJP-PRD very easy) (SBAR-2 for (S (NP-SBJ-1 these guys) (VP to (VP get (VP wiped (PRT out) (NP *-1)))))))))) .)) (TOP (S (NP-SBJ That) (VP may (ADVP just) (VP be (NP-PRD (NP the nature) (PP of (NP these (ADJP highly leveraged) little creatures))))) . '')) (TOP (S (NP-SBJ An options contract) (VP gives (NP the holder) (NP the right (S (NP-SBJ *) (VP to (VP buy (PRN -LRB- call -RRB-) or sell (PRN -LRB- put -RRB-) (NP (NP (NP (NP a specific amount) (PP of (NP stock))) , or (PRN (PP in (NP this case))) (NP (NP the value) (PP of (NP a stock index))) ,) (VP based (NP *) (PP-CLR on (NP a predetermined price)))) (PP-TMP within (NP a given time period))))))) .)) (TOP (S (NP-SBJ-1 (NP Options traders) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) , (PP in (NP (NP return) (PP for (NP (NP a small fee) , or (NP premium))))) , (VP had (ADVP-TMP previously) (VP sold (NP put options) (PP-LOC on (NP (NP stocks) or (NP stock indexes)))))))) (VP were (VP forced (PP-TMP on (NP Friday)) (S (NP-SBJ *-1) (VP to (VP buy (NP those contracts) (PRT back) (PP-CLR at (NP (NP the (ADJP previously agreed) prices) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP were (PP-PRD (ADVP substantially) above (NP (NP those) (PP-LOC in (NP the market)))) (SBAR-ADV as (S (NP-SBJ it) (VP was (VP falling)))))))))))))) .)) (TOP (S (NP-SBJ-1 They) (ADVP then) (VP had (NP no choice) (PP in (NP many cases)) (X but (S (NP-SBJ *-1) (VP to (VP sell (NP the contracts) (PP-CLR at (NP prevailing prices)) (PRN -- (PP in (NP most cases)) (PP at (NP a substantial loss)))))))) .)) (TOP (S (NP-SBJ-2 (NP The latest round) (PP of (NP losses))) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP a serious blow) (PP to (NP (NP the Chicago Board Options Exchange) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (ADVP-TMP never) (VP (ADVP-MNR fully) recovered (PP-CLR from (NP (NP the aftershock) (PP of (NP (NP Black Monday) , (SBAR (WHADVP-3 when) (S (NP-SBJ investors) (VP fled (NP the market) (PP-PRP because of (NP huge losses)) (ADVP-TMP *T*-3)))))))))))))))))))) .)) (TOP (SINV (VP-TPC-1 Making (S (NP-SBJ matters) (ADJP-PRD worse))) (VP was (VP *T*-1)) (NP-SBJ the fact (SBAR that (S (NP-TMP late Friday afternoon) (NP-SBJ the CBOE) (VP halted (NP stock-index options trading) (PP-PRP in (NP (NP step) (PP with (NP (NP (NP the Chicago Mercantile Exchange 's) halt) (PP-LOC in (NP stock-index futures)))))))))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ the Merc) (VP reopened (ADVP-TMP (NP a half hour) later)))) , (NP-SBJ the CBOE) (VP remained (ADJP-PRD closed) , (S-ADV (NP-SBJ *) (VP leaving (S (NP-SBJ-2 many options traders) (ADJP-PRD unable (S (NP-SBJ *-2) (VP to (VP make (NP (NP trades) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP have (VP reduced (NP the losses))))))))))))))) .)) (TOP (S (NP-SBJ CBOE Chairman Alger `` Duke '' Chapman) , (VP said (SBAR that , (S (PP unlike (NP the futures market)) , (NP-SBJ-2 the options exchange) (VP has (S (NP-SBJ *-2) (VP to (VP open (PP-LOC in (NP (NP a rotation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP allows (S (NP-SBJ each different options series) (VP to (VP trade))))))))))))))) .)) (TOP (S (S (NP-SBJ Exchange officials) (VP reasoned (SBAR that (S (NP-SBJ-1 they) (VP would n't (VP have (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP make (NP such a rotation) (PP with (NP (NP (NP the time) (VP remaining (NP-TMP Friday afternoon)))))))))))))))) , and (S (SBAR-ADV with (S (NP-SBJ the stock-index futures) (PP-PRD on (NP (NP the verge) (PP of (S-NOM (NP-SBJ *) (VP closing (PP-TMP for (NP a second and final time))))))))) , (NP-SBJ-2 the CBOE) (VP reasoned (SBAR that (S (NP-SBJ its best course) (VP was (S-PRD (NP-SBJ *-2) (VP to (VP remain (ADJP-PRD closed))))))))) .)) (TOP (S (NP-SBJ The damage) (VP was (ADJP-PRD (ADJP so bad) (SBAR *ICH*-3)) (PP-LOC at (NP (NP Fossett Corp.) , (NP (NP an options trading firm) (ADVP-LOC here)) ,)) (SBAR-3 that (S (NP-SBJ-1 it) (VP was (VP forced (S (NP-SBJ *-1) (VP to (VP transfer (NP its accounts) (PP-CLR to (NP (NP (NP First Options) (PP of (NP Chicago))) , (NP (NP a unit) (PP of (NP Continental Bank Corp.))) ,))))) (PP as (NP (NP a result) (PP of (NP options trading losses))))))))) .)) (TOP (S (NP-SBJ Fosset) (ADVP so far) (VP is (NP-PRD (NP the only member) (PP of (NP a financial exchange)) (SBAR (WHNP-3 0) (S (NP-SBJ-2 *T*-3) (VP to (VP be (VP forced (S (NP-SBJ-1 *-2) (VP to (VP be (VP taken (NP *-1) (PRT over) (PP by (NP-LGS another firm)) (PP as (NP (NP a result) (PP of (NP (NP Friday 's) rout))))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Fossett) (ADVP still) (VP had (NP (NP (NP (QP several million) dollars) (PP in (NP capital))) (VP left (NP *) (PP-TMP after (NP (NP (NP Friday 's) close) (PP of (NP trading))))) (PRN , but (ADJP not enough (SBAR that (S (NP-SBJ (NP regulators) , (VP worried (NP *) (PP-CLR about (NP another potential market plunge)) (NP-TMP yesterday)) ,) (VP would (VP let (S (NP-SBJ it) (VP reopen (PP-PRP for (NP trading))))))))))))) , (NP-SBJ options exchange officials) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP Thus) , (PP-LOC in (NP (NP an unprecedented arrangement) (VP underscoring (NP (NP the seriousness) (PP of (NP the transfer)))))) , (NP-SBJ-1 (NP the CBOE) , (NP the American Stock Exchange) and (NP (NP the Options Clearing Corp.) , (CONJP as well as) (NP (NP (NP the firm 's) owner) , (NP Stephen Fossett) ,))) (VP put (PRT up) (NP (NP a total) (PP of (NP (QP $ 50 million) *U*))) (S-PRP (NP-SBJ *-1) (VP to (VP guarantee (NP (NP the customer positions) (VP being (VP transferred (NP *) (PP-CLR to (NP the bank holding company subsidiary))))) (SBAR-PRP in case (S (NP-SBJ the market) (VP plunged (ADVP again) (NP-TMP yesterday)))))))) .)) (TOP (S (NP-SBJ (NP S. Waite Rawls III) , (NP (NP vice chairman) (PP of (NP (NP Continental Bank) , (NP (NP First Options ') parent company) ,)))) (VP said (SBAR 0 (S (NP-SBJ the firm) (VP took (PRT on) (NP (NP (QP about 160) accounts) (VP (ADVP-TMP formerly) held (NP *) (PP by (NP-LGS Fossett)))) , (S-ADV (NP-SBJ (NP almost all) (PP of (NP them))) (VP belonging (PP-CLR to (NP professional floor traders)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP Steve) and (NP his firm)) (VP were (ADVP still) (PP-PRD worth (NP (NP a lot) (PP of (NP money)))))) , '' (NP-SBJ Mr. Rawls) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ-1 (NP A package) (PP of (NP credit support)) (PP *ICH*-2)) (VP was (VP put (NP *-1) (PRT together) -- (PP-2 including (NP (NP the assets) (PP of (NP (NP Steve) and (NP his firm))))))) . '')) (TOP (S (NP-SBJ-1 The bailout) (VP was (VP cobbled (NP *-1) (PRT together) (PP-TMP over (NP the weekend)) , (PP with (NP (NP officials) (PP from (NP (NP (NP the Federal Reserve Board) , (NP Securities and Exchange Commission) , (NP (NP Comptroller) (PP of (NP the Currency))) and (NP Treasury)) (CONJP as well as) (NP the options exchanges))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP It) (S *EXP*-3)) (VP was (ADJP-PRD great) (S-3 (NP-SBJ *) (VP to (VP have (NP (NP the luxury) (PP of (NP time)))))))) , '' (NP-SBJ Mr. Rawls) (VP said (S *T*-1)) .)) (TOP (S (PP-TMP At (NP one point)) , (NP-SBJ-1 an options industry official) (VP had (S (NP-SBJ *-1) (VP to (VP talk (NP (NP the Federal Reserve Bank) (PP of (NP (NP Chicago 's) night watchman))) (PP-CLR into (S-NOM (NP-SBJ *) (VP giving (NP him) (NP (NP the home phone number) (PP of (NP (NP Silas Keene) , (NP Chicago Fed president))))))))))) .)) (TOP (S (NP-SBJ-1 First Options) (VP did n't (VP have (S (NP-SBJ *-1) (VP to (VP put (NP any money) (PP-PUT into (NP the bailout))))))) .)) (TOP (S (NP-SBJ (NP (NP Yesterday 's) rally) (PP-LOC in (NP the stock , futures and options markets))) (VP led (S (NP-SBJ CBOE and Amex officials) (VP to (VP conclude (SBAR that (S (NP-SBJ-2 (NP the (QP $ 50 million) *U*) (PP in (NP guarantees))) (ADVP almost certainly) (VP wo n't (VP need (S (NP-SBJ-1 *-2) (VP to (VP be (VP tapped (NP *-1) (PP by (NP-LGS First Options)))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The Fossett firm) (VP had (NP some (NX (NX losses) and (NX liquidity problems))) (PP-TMP during (NP the October 1987 crash)) (ADVP as well))) , (NP-SBJ Mr. Rawls) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ A federal official) (VP said (SBAR (SBAR that (S (NP-SBJ-2 Continental Bank) (VP worked (PP-CLR with (NP securities and banking regulators)) (PP-TMP over (NP the weekend)) (S-PRP (NP-SBJ *-2) (VP to (VP fashion (NP the Fossett bailout))))))) , but (SBAR that (S (NP-SBJ-1 conditions) (VP were n't (VP dictated (NP *-1) (PP by (NP-LGS those agencies)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP was (NP-PRD their business decision))) , '' (NP-SBJ the official) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Officials) (PP-LOC at (NP (NP Options Clearing Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP processes (NP all options trades) (PP for (NP U.S. exchanges))))) ,))) (VP said (SBAR that (S (NP-SBJ the (ADJP (QP $ 50 million) *U*) guarantee) (VP (VP was (ADJP-PRD unprecedented)) , but (VP was (ADJP-PRD necessary) (S-PRP (NP-SBJ-2 *) (VP to (VP help (S (NP-SBJ *-2) (VP insure (NP (NP the integrity) (PP of (NP the options markets))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP was (NP-PRD (NP an extraordinary situation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP needed (NP extraordinary steps))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Paul Stevens) , (NP OCC (NX (NX president) and (NX chief operating officer)))) .)) (TOP (S (NP-SBJ-1 Mr. Stevens) (VP declined (S (NP-SBJ *-1) (VP to (VP give (NP (NP the specific contributions) (PP to (NP the (ADJP (QP $ 50 million) *U*) guarantee)) (PP from (NP each participant))))))) .)) (TOP (S But (NP-SBJ CBOE and Amex officials) (VP said (SBAR that (S (S (NP-SBJ Options Clearing Corp.) (VP contributed (NP (QP $ 20 million) *U*) (PP-CLR to (NP the guarantee)))) , (S (NP-SBJ the CBOE) (VP put (PRT up) (NP (QP $ 8 million) *U*))) , (S (NP-SBJ the Amex) (VP added (NP (QP $ 4 million) *U*))) and (S (NP-SBJ (QP $ 18 million) *U*) (VP came (PP-CLR from (NP (NP Mr. Fossett 's) own assets))))))) .)) (TOP (S (NP-SBJ-1 Mr. Fossett) (VP could n't (VP be (VP reached (NP-2 *-1) (S-PRP (NP-SBJ *-2) (VP to (VP comment)))))) .)) (TOP (S (NP-SBJ Debora Foster) (VP (VP takes (PRT off) (NP her necklace)) , (VP settles (NP herself) (PP-LOC on (NP a padded chair))) and (VP (ADVP-MNR gently) leans (ADVP-DIR forward))) .)) (TOP (S (PP With (S-NOM (NP-SBJ a jazz-piano tape) (VP playing (ADVP-MNR softly) (PP-LOC in (NP the background))))) , (NP-SBJ-1 (NP the soothing hands) (PP of (NP Sabina Vidunas))) (VP begin (S (NP-SBJ *-1) (VP to (VP work (PP-CLR on (NP (NP Ms. Foster 's) neck and shoulders)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (PP-PRD like (NP an oasis)) (PP-LOC in (NP this room)))) , '' (NP-SBJ Ms. Foster) (VP purrs (S *T*-1)) .)) (TOP (S (NP-SBJ (NP The room) (PP in (NP question))) (VP is (NP-PRD (NP (NP the directors ') lounge) (PP of (NP H.J. Heinz Co.)) , (PP-LOC (NP-ADV 60 floors) above (NP (NP the bustle) (PP of (NP Pittsburgh)))))) .)) (TOP (S (ADVP-LOC There) , (PP-LOC amid (NP (NP oil paintings) and (NP marble tables))) , (NP-SBJ-1 massages) (VP are (VP administered (NP *-1) (NP-TMP every Wednesday))) .)) (TOP (S-4 `` (PP-TMP On (NP (NP days) (SBAR (WHADVP-3 that) (S (NP-SBJ I) (VP 'm (ADJP-PRD really busy) (ADVP-TMP *T*-3)))))) (PRN , '' (SINV (VP says (S *T*-4)) (NP-SBJ (NP Ms. Foster) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP works (PP-LOC in (NP public relations)) (PP for (NP the company))))))) ,) `` (NP-SBJ (NP it) (S *EXP*-1)) (VP seems (ADJP-PRD decadent) (S-1 (NP-SBJ *) (VP to (VP take (NP-CLR time) (PRT off) (PP-PRP for (NP a massage)))))) . '')) (TOP (S (SBAR-ADV Although (S (NP-SBJ such sessions) (VP may (ADVP-TMP never) (VP replace (NP coffee breaks))))) , (NP-SBJ (NP on-site massage) (PRN , (SBAR-ADV as (S (NP-SBJ-1 it) (VP is (VP known (NP *-1) (PP-LOC in (NP the trade)))))) ,)) (VP is (VP (ADVP certainly) infiltrating (NP corporate America))) .)) (TOP (S (PP-LOC In (NP some companies)) (NP-SBJ-1 middle managers) (VP sneak (NP massage therapists) (PP-LOC into (NP the office)) , (S-ADV (NP-SBJ *-1) (ADJP-PRD fearful (SBAR that (S (NP-SBJ upper-level executives) (VP wo n't (VP approve))))))) .)) (TOP (S (NP-SBJ (NP Ms. Foster 's) indulgence) (VP is (NP-PRD (NP nothing) (PP like (NP (NP the oily , hour-long rubfests) (VP enjoyed (NP *) (PP by (NP-LGS spa visitors))))))) .)) (TOP (SINV Nor does (NP-SBJ it) (VP (ADVP at all) resemble (PRN -LRB- (PP despite (SBAR-NOM (WHNP-1 what) (S (NP-SBJ some executives) (VP think (NP *T*-1))))) -RRB-) (NP (NP the (ADJP more intimate) variety) (VP offered (NP *) (PP-LOC at (NP specialty parlors)) (PP-LOC in (NP (NP bad parts) (PP of (NP town))))))) .)) (TOP (S (PP On (NP the contrary)) , (NP-SBJ office rubdowns) (ADVP usually) (VP take (NP-CLR place) (PP-LOC in (NP (NP (ADJP dimly lighted) conference rooms) , (SBAR (WHADVP where) (S (NP-SBJ-1 stressed-out employees) (VP relax (PP-LOC in (NP (ADJP specially designed) chairs)) , (S-ADV (NP-SBJ *-1) (ADJP-PRD fully clothed)))))))) .)) (TOP (S (NP-SBJ The massages) (VP (VP last (NP-TMP 15 minutes)) and (VP (ADVP typically) cost (NP (QP about $ 10) *U*))) .)) (TOP (S (NP-SBJ (NP Some companies) , (PP including (NP Heinz)) ,) (ADVP even) (VP pay (NP (NP part) (PP of (NP the fee)))) .)) (TOP (S (NP-SBJ Ms. Vidunas) (VP has (VP been (VP seeing (NP (NP (QP some 15) clients) (NP-ADV a visit)) (SBAR-TMP since (S (NP-SBJ-1 the program) (VP was (VP started (NP *-1) (PP-LOC at (NP Heinz)) (NP-TMP last year)))))))) .)) (TOP (S (NP-SBJ-1 (NP Anthony J.F. O'Reilly) , (NP (NP the company 's) chairman) ,) (VP swears (PP-CLR by (NP her firm touch)) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ regular massages) (VP are (NP-PRD (NP a balm) (PP for (NP his old football injuries))))))))) .)) (TOP (S (NP-SBJ Massage advocates) (VP say (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP kneading (NP the head , shoulders , neck and back))) (VP can (VP go (PP (NP-ADV a long way) toward (S-NOM (NP-SBJ *) (VP (VP easing (NP tension)) and (VP improving (NP morale)))))))))) .)) (TOP (S (NP-SBJ They) (ADVP also) (VP insist (SBAR (SBAR that (S (NP-SBJ touching) (VP is (NP-PRD (NP a basic need) , (ADJP (ADJP as powerful) (PP as (NP (NP the need) (PP for (NP food or sleep))))) ,)))) and (SBAR that (S (NP-SBJ the office) (VP is (NP-PRD (NP (NP (ADJP as good) a place) (PP as (NP any))) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP do (NP it) (ADVP-LOC *T*-1))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ The blood) (VP flows (PP-DIR to (NP your head)))) , (S (NP-SBJ you) (VP feel (ADJP-PRD lightheaded))) and (S (NP-SBJ you) (VP do n't (VP feel (NP (NP tension) (PP-LOC around (NP the head or neck))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Minnie Morey) , (NP (NP an operations supervisor) (PP-LOC at (NP (NP the Social Security office) (PP-LOC in (NP (NP Grand Rapids) , (NP Mich.) ,)) (SBAR (WHADVP-2 where) (S (NP-SBJ massages) (VP began (NP-TMP last month) (ADVP-LOC *T*-2)))))))) .)) (TOP (S `` (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ you) (VP leave (NP the room) (PP-TMP after (NP your massage)) (ADVP-TMP *T*-1)))) , (NP-SBJ people) (VP say (SBAR 0 (S (NP-SBJ you) (VP look (SBAR-PRD like (S (NP-SBJ you) (VP 're (VP glowing)))))))) . '')) (TOP (SINV (VP Adds (S *ICH*-2)) (NP-SBJ (NP Candice Ohlman) , (NP (NP the 35-year-old masseuse) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP plies (NP her trade) (PP-LOC in (NP the Grand Rapids office))))))) , `` (S-2 (NP-SBJ They) (VP fall (PP-CLR in (NP love)) (PP-CLR with (NP my hands)))) . '')) (TOP (S (NP-SBJ Not everyone) , (ADVP however) , (VP is (PP-PRD at (NP (NP ease) (PP with (NP office massage))))) .)) (TOP (S (ADVP-TMP (NP Three years) ago) , (NP-SBJ (NP (NP the Internal Revenue Service 's) office) (PP-LOC in (NP (NP San Jose) , (NP Calif.) ,))) (VP opened (NP-CLR its doors) (PP-CLR to (NP on-site massage))) .)) (TOP (S And (SBAR-ADV even though (S (NP-SBJ employees) (VP paid (NP the bill)))) , (NP-SBJ taxpayers) (VP grumbled) .)) (TOP (SINV `` (S-TPC-1 (ADVP Sometimes) , (PP with (NP (NP the release) (PP of (NP stress)))) , (NP-SBJ you) (VP hear (S (NP-SBJ ` oohs ' and ` ahs ') (VP coming (PP-CLR out (PP of (NP the room))))))) , '' (VP explains (S *T*-1)) (NP-SBJ (NP Morgan Banks) , (NP (NP the agency 's) health specialist)) .)) (TOP (S `` And (NP-SBJ you) (VP ca n't (VP have (S (NP-SBJ (NP taxpayers) (VP coming (PP-DIR into (NP an audit)))) (VP hearing (NP ` oohs ' and ` ahs))))) . ' '')) (TOP (S (NP-TMP Last month) , (S (NP-SBJ the complaints) (VP intensified)) and (S (NP-SBJ the massages) (VP ended)) .)) (TOP (S `` (S-TPC-1 (ADVP-TMP Now) (NP-SBJ we) (VP 're (VP looking (PP-CLR for (NP (NP a room) (PP with (NP thicker walls))))))) , '' (NP-SBJ Ms. Banks) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Massage) (ADVP also) (VP has (NP (NP an image problem) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP contend (PP-CLR with (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ-1 Some masseurs) (VP have (VP tried (S (NP-SBJ *-1) (VP to (VP get (PP-CLR around (NP this)) (PP-MNR by (S-NOM (NP-SBJ *) (VP (VP calling (S (NP-SBJ themselves) `` (NP-PRD bodyworkers) '')) and (VP describing (NP their office visits) (PP-CLR as `` (NP reinvigoration breaks))))))))))) . '')) (TOP (S (S But (NP-SBJ-1 (NP massage) (PRN , (FRAG (NP no matter) (WHADJP how chaste)) ,)) (VP is (ADVP still) (VP associated (NP *-1) (PP-LOC in (NP many minds)) (PP-CLR with (NP (NP seedy fronts) (PP for (NP prostitution))))))) , and (S (NP-SBJ that) (VP makes (S (NP-SBJ some executives) (ADJP-PRD nervous)))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ (NP the research and development division) (PP of (NP (NP Weyerhaeuser Co.) , (NP the large wood-products concern) ,))) (VP invited (NP a masseuse) (PP-CLR to (NP its (NAC-LOC Tacoma , Wash. ,) offices))) .)) (TOP (S (NP-SBJ (NP Phil Harms) , (NP a software engineer) ,) (VP was (NP-PRD an eager customer)) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 You) (VP build (PRT up) (NP (NP a lot) (PP of (NP tension))) (S-ADV (NP-SBJ *-1) (VP working (PP-LOC at (NP a terminal)) (NP-TMP all day))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S But (PP-TMP after (NP about eight months)) , (NP-SBJ (NP (NP the vice president) (PP of (NP the division))) , (NP Ed Soule) ,) (VP (VP learned (PP-CLR about (NP the sessions))) and (VP brought (NP them) (PP-CLR to (NP a halt)))) .)) (TOP (S (NP-SBJ Mr. Soule) (VP says (SBAR 0 (S (NP-SBJ his only beef) (VP was (SBAR-PRD that (S (S (NP-SBJ-1 the massages) (VP were (VP being (VP given (NP *-1) (PP-LOC in (NP a company conference room)))))) ; (S (NP-SBJ (NP the department 's) supervised health facility) (VP would (VP have (VP been (ADJP-PRD fine))))))))))) .)) (TOP (S `` (S-TPC-1 (PP-LOC In (NP my view)) , -LCB- (NP-SBJ massages) -RCB- (VP should (VP be (VP managed (PP-MNR with (NP (NP an appropriate mixture) (PP of (NP males and females)) (ADVP-LOC around))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (PP Given (NP such attitudes)) , (NP-SBJ-1 some corporate masseurs) (VP prefer (S (NP-SBJ *-1) (VP to (VP go (PP-CLR about (NP their business)) (ADVP-MNR quietly))))) .)) (TOP (S (NP-SBJ (NP Russell Borner) (PP of (NP (NP Park Ridge) , (NP N.J.) ,))) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP has (VP been (VP working (PP-TMP for (NP the past year)) (PP-LOC at (NP (NP a huge chemical and manufacturing concern) (PP-LOC in (NP New York)))) -- (S-ADV (NP-SBJ *-1) (ADJP-PRD unbeknownst (PP to (NP (NP the company 's) executives)))))))))) .)) (TOP (S (NP-SBJ He) (VP visits (NP the same department) (NP-TMP (QP every two or three) weeks)) .)) (TOP (S (S (NP-SBJ-1 His massage chair) (VP is (VP kept (NP *-1) (PP-LOC in (NP a closet))))) , and (S (NP-SBJ a secretary) (VP escorts (NP him) (PP past (NP security)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ This) (VP is (ADJP-PRD common (PP with (NP (NP a lot) (PP of (NP large companies))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Borner) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP worked (PP-CLR for (NP American Telephone & Telegraph Co.)) (PP-TMP for (NP 23 years)) (PP-TMP before (S-NOM (NP-SBJ *) (VP choosing (NP his current trade)))))))) .)) (TOP (S-1 (NP-SBJ Managers) (PRN , (S (NP-SBJ he) (VP contends (SBAR 0 (S *T*-1)))) ,) `` (VP are (ADJP-PRD afraid (SBAR (WHADVP-3 how) (S (NP-SBJ-2 they) (VP 're (VP going (S (NP-SBJ *-2) (VP to (VP look (PP-LOC in (NP (NP the eyes) (PP of (NP their peers)))) (ADVP-PRD *T*-3)))))))))) .)) (TOP (S (NP-SBJ My vision) (VP is (S-PRD (NP-SBJ *) (VP to (VP change (NP (NP human consciousness) (PP towards (NP touch))))))) .)) (TOP (S (NP-SBJ My attitude) (VP is : (S-PRD (NP-SBJ *) (VP Let (NP 's) (VP come (PP-CLR out (PP of (NP the closet))))))) . '')) (TOP (S (ADVP-TMP Occasionally) , (NP-SBJ (NP all) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP 's (VP needed (NP *-2)))))) (VP is (NP-PRD a little coaxing)) .)) (TOP (S (NP-SBJ (NP Elisa Byler) , (NP a St. Louis masseuse) ,) (VP won (PRT over) (NP (NP officials) (PP-LOC at (NP (NP Emerson Electric Co.) , (NP (NP a maker) (PP of (NP electrical and electronic equipment))) ,))) (PP-MNR by (S-NOM (NP-SBJ *) (VP providing (NP (NP (NP documents) and (NP other articles)) (VP trumpeting (NP (NP the therapeutic benefits) (PP of (NP massage))))))))) .)) (TOP (S (NP-SBJ She) (VP notes (SBAR that (S (NP-SBJ she) (ADVP also) (VP stresses (NP professionalism) (PP-TMP during (NP her weekly visits)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP (VP pull (NP my hair) (PRT back)) , (VP wear (NP a little makeup)) and (VP look (ADJP-PRD corporate)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Ms. Byler) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP been (VP visiting (NP Emerson) (PP-TMP since (NP January)))))))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ I) (VP go (PP-LOC in (NP there)) (SBAR-MNR as (S (NP-SBJ I) (VP (ADVP-MNR normally) dress)))))) , (NP-SBJ they) (VP 'd (VP ask , (SBARQ ` (WHNP-1 Who) (SQ (NP-SBJ *T*-1) (VP is (NP-PRD this hippie)))))) ? ' '')) (TOP (S (NP-SBJ (NP The self-proclaimed father) (PP of (NP on-site massage))) (VP is (NP-PRD (NP David Palmer) , (NP (NP (NP a 41-year-old San Francisco masseur) (SBAR (WHNP-1 whose mission) (S (NP-SBJ *T*-1) (VP is (S-PRD (NP-SBJ *) (VP to (VP save (NP the touch-starved masses))))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP help (VP do (NP this))))) , (NP-SBJ-1 Mr. Palmer) (VP developed (NP (NP a portable massage chair) (SBAR *ICH*-3)) (ADVP-TMP (NP three years) ago) (SBAR-3 (WHNP-2 that) (S (NP-SBJ he) (VP hopes (SBAR 0 (S (NP-SBJ *T*-2) (VP will (VP bring `` (NP structured touching) '' (PP-DIR into (NP mainstream America)))))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ-1 The culture) (VP is not (ADJP-PRD ready (S (NP-SBJ-2 *-1) (VP to (VP (VP take (PRT off) (NP its clothes)) , (VP lie (PRT down)) and (VP be (VP touched (NP *-2) (PP-TMP for (NP an hour)) (PP for (NP $ 45 *U*)))))))))) , '' (NP-SBJ he) (VP says (S *T*-3)) .)) (TOP (S `` (NP-SBJ The idea) (VP is (S-PRD (S (NP-SBJ *) (VP to (VP keep (S (NP-SBJ the clothes) (ADVP-PRD on))))) and (S (NP-SBJ *) (VP to (VP keep (S (NP-SBJ people) (VP seated))))))) .)) (TOP (S (NP-SBJ The chair) (VP is (NP-PRD (NP a way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP package (NP massage) (ADVP-MNR *T*-1))))))) . '')) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Sitting (PP-LOC in (NP (NP one) (PP of (NP (NP (NP Mr. Palmer 's) chairs) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP (VP cost (NP $ 425 *U*)) and (VP have (ADVP-TMP since) (VP been (VP copied (NP *-2) (PP by (NP-LGS others)))))))) ,)))))) (VP is (PP-PRD (NP-ADV a bit) like (S-NOM (NP-SBJ *) (VP straddling (NP a recliner))))) .)) (TOP (S (NP-SBJ Customers) (VP (VP lean (ADVP-DIR forward)) , (VP rest (NP their knees) (PP-LOC on (NP side supports))) and (VP bury (NP their face) (PP-LOC in (NP (NP padding) (PP-LOC on (NP (NP the back) (PP of (NP the chair)))))))) .)) (TOP (S -LRB- (NP-SBJ (NP Ms. Ohlman) , (NP the Grand Rapids masseuse) ,) (VP says (SBAR 0 (S (NP-SBJ she) (VP has (VP heard (S (NP-SBJ the odd-looking contraption) (VP compared (PP-CLR to (NP (NP something) (PP out (PP of (NP the Spanish Inquisition)))))))))))) . -RRB-)) (TOP (S (NP-SBJ (NP Mr. Palmer) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP (VP serves (PP-CLR as (NP (NP president) (PP of (NP the On-Site Massage Association))))) and (VP writes (NP an industry newsletter))))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP (QP some 4,000) practitioners) (PRN -- (PP out (PP of (NP (NP (QP about 50,000) certified masseurs) (PP-LOC across (NP the country))))) --)) (ADVP-TMP now) (VP use (NP massage chairs) (PP-LOC (PP in (NP the workplace)) , (CONJP as well as) (PP on (NP street corners)) , (PP in (NP airports and malls)) , and (PP at (NP (NP conventions) and (NP (NP other gatherings) (SBAR (WHADVP-3 where) (S (NP-SBJ-1 weary people) (VP can (VP be (VP found (NP *-1) (ADVP-LOC *T*-3)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Scot MacInnis) , (NP (NP a masseur) (PP-LOC in (NP (NP Boulder) , (NP Colo.) ,)))) (VP had (NP a scary experience) (SBAR-TMP while (S (NP-SBJ *-1) (VP massaging (NP a man) (PP-LOC in (NP a natural-foods supermarket)) (PP as (NP (NP part) (PP of (NP a store promotion)))))))) .)) (TOP (S (NP-TMP (NP Three minutes) (PP into (NP the massage))) , (NP-SBJ-1 the man) (VP (VP curled (ADVP-CLR up)) , (VP began (S (NP-SBJ *-1) (VP shaking))) and (VP turned (ADJP-PRD red))) .)) (TOP (S (NP-SBJ-1 Paramedics) (VP were (VP called (NP *-1))) .)) (TOP (S (ADVP-TMP (NP A week) later) , (NP-SBJ the man) (VP told (NP Mr. MacInnis) (SBAR 0 (S (NP-SBJ he) (VP had (VP suffered (NP (NP a mild heart attack) (ADJP unrelated (PP to (NP the massage))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP was (NP-PRD (NP a powerful point) (PP-LOC in (NP my career))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP the 31-year-old Mr. MacInnis) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (ADVP-TMP since) (VP taken (PRT out) (NP (NP a (ADJP (QP $ 1 million) *U*) liability policy) (PP for (NP his business)))))))) .)) (TOP (S `` (S But (NP-SBJ he) (VP pulled (ADVP-CLR through))) , and (S (SBAR-TMP after (S (NP-SBJ the ambulance) (VP left))) , (NP-SBJ there) (VP were (ADVP still) (NP-PRD (NP six people) (PP in (NP line)) (VP waiting (PP-CLR for (NP a massage)))))) .)) (TOP (S (S (NP-SBJ The next woman) (VP was (ADJP-PRD older))) , and (S (NP-SBJ-1 I) (VP was (ADJP-PRD afraid (S (NP-SBJ *-1) (VP to (VP touch (NP her))))))) .)) (TOP (S But (NP-SBJ it) (VP 's (PP-PRD like (S-NOM (NP-SBJ *) (VP (VP falling (PP-DIR off (NP a horse))) and (VP getting (ADVP-DIR back (PP on (NP *?*)))))))) . '')) (TOP (S (PP Despite (NP (NP the number) (PP of (NP (NP fans) (SBAR (WHNP-1 that) (S (NP-SBJ office massage) (VP has (VP won (NP *T*-1))))))))) , (NP-SBJ-2 some purists) (VP look (ADVP-CLR down (PP on (NP it))) , (S-ADV (NP-SBJ *-2) (VP arguing (SBAR that (S (NP-SBJ naked , full-body rubs) (VP are (NP-PRD (NP the only way) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP go (ADVP-MNR *T*-3)))))))))))) .)) (TOP (S (NP-SBJ (NP Linda Aldridge) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP does (NP full-body work) (PP-LOC in (NP Pittsburgh))))) ,) (VP says (SBAR that (S (SBAR-ADV while (S (NP-SBJ on-site massage) (VP is (ADJP-PRD (ADJP better) (PP than (NP nothing)))))) , (NP-SBJ tired workers) (VP should (VP realize (SBAR 0 (S (NP-SBJ it) (VP is (NP-PRD (NP only the tip) (PP of (NP the iceberg))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 (NP Whole areas) (PP of (NP their bodies))) (VP are (VP neglected (NP *-1)))) , '' (NP-SBJ-3 she) (VP says (S *T*-2) , (S-ADV (NP-SBJ *-3) (VP adding (SBAR that (S (NP-SBJ clothes) (VP ruin (NP the experience))))))) .)) (TOP (S `` (NP-SBJ There) (VP 's (NP-PRD (NP nothing) (PP like (NP (NP skin) (PP to (NP skin)))))) .)) (TOP (S (PP In (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 *T*-1) (VP is (VP believed (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP the first cancellation) (PP of (NP (NP a loan) (PP to (NP China))))) (PP-TMP since (NP (NP the June 4 killings) (PP-LOC in (NP Beijing)))))))))))) , (NP-SBJ an international bank syndicate) (VP has (VP terminated (NP (NP a (ADJP (QP $ 55 million) *U*) credit) (PP for (NP a Shanghai property project))))) .)) (TOP (S (NP-SBJ-1 (NP The syndicate) , (VP led (NP *) (PP by (NP-LGS Schroders Asia Ltd.))) ,) (VP agreed (NP-TMP last November) (S (NP-SBJ *-1) (VP to (VP provide (NP the loan) (PP-CLR to (NP (NP Asia Development Corp.) , (NP a U.S. property developer))))))) .)) (TOP (S But (ADVP-TMP (NP several weeks) ago) , (PP in (NP (NP the wake) (PP of (NP the Beijing killings)))) , (NP-SBJ-1 the loan) (VP was (VP canceled (NP *-1) , (PP according (PP to (NP (NP bankers and executives) (ADJP close (PP to (NP the project)))))))) .)) (TOP (S (NP-SBJ-1 (NP Asia Development) and (NP Schroders)) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the move)))))) .)) (TOP (SINV (S-TPC-3 (S (NP-SBJ Lenders) (VP had (NP (NP doubts) (PP about (NP the project))) (PP-TMP even before (NP June 4)))) , but (S (NP-SBJ (NP the harsh crackdown) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP caused (S (NP-SBJ many businesses) (VP to (VP reassess (NP their China transactions))))))) ,) `` (VP gave (NP the banks) (NP (NP the out) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP wanted (NP *T*-2)))))))) , '' (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP an official) (ADJP close (PP to (NP the Shanghai venture)))) .)) (TOP (S (NP-SBJ The decision (S (NP-SBJ *) (VP to (VP cancel (NP the loan))))) (VP exemplifies (NP (NP the tough attitude) (SBAR (WHNP-1 0) (S (NP-SBJ bankers) (VP have (VP taken (NP *T*-1) (PP-CLR toward (NP China)) (PP-TMP since (NP June 4)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ some commercial lending) (VP has (VP resumed)))) , (NP-SBJ international lenders) (VP remain (ADJP-PRD nervous (PP about (NP (NP (NP China 's) (NX (NX economic troubles) and (NX (NX foreign debt) (PRN -- (NP (NP (QP $ 40 billion) *U*) (PP-TMP at (NP (NP the end) (PP of (NP 1988))))))))))))) .)) (TOP (S (NP-SBJ-3 (NP Many loans) (NP *ICH*-2)) (VP are (VP being (VP renegotiated (NP *-3) , (NP-2 (NP especially those) (VP tied (NP *) (PP-CLR to (NP (NP the hotel sector) , (SBAR (WHNP-5 which) (S (NP-SBJ-4 *T*-5) (VP has (VP been (VP hit (NP *-4) (ADVP-MNR hard) (PP by (NP-LGS a post-June 4 tourism slump)))))))))))))) .)) (TOP (S (NP-SBJ Many bankers) (VP view (NP property-sector loans) (PP-CLR as (ADJP particularly risky))) .)) (TOP (S (NP-SBJ The canceled Shanghai loan) (VP leaves (NP (NP Asia Development) (PRN , (NP a small concern) ,) (VP saddled (NP *) (PP-CLR with (NP (NP a half-completed 32-story apartment building) and (NP heavy debts)))))) .)) (TOP (S (S-TPC-3 (NP-SBJ The company) (VP (VP owes (NP-1 (QP $ 11 million) *U*) (PP-CLR-2 to (NP (NP the Shui On Group) , (NP (NP the project 's) Hong Kong contractor)))) , and (VP (NP=1 (NP a (ADJP significant , though unspecified ,) amount) (PP in (NP legal fees))) (PP-CLR=2 to (NP (NP Coudert Brothers) , (NP a U.S. law firm)))))) , (NP-SBJ the sources) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ-1 (NP The project) , (VP known (NP *) (PP-CLR as (NP Lotus Mansion))) ,) (VP has (VP been (VP mired (NP *-1) (PP-LOC-CLR in (NP controversy))))) .)) (TOP (S (SBAR-TMP (WHADVP-3 When) (S (NP-SBJ-1 the loan agreement) (VP was (VP announced (NP *-1) (ADVP-TMP *T*-3))))) , (NP-SBJ-2 it) (VP was (VP hailed (NP *-2) (PP-CLR as (NP (NP one) (PP of (NP (NP the first Western-style financing transactions) (VP (ADVP ever) used (NP *) (PP-LOC in (NP China))))))))) .)) (TOP (S (PP Unlike (NP (NP most loans) (PP to (NP China)))) , (NP-SBJ there) (VP was (NP-PRD no Chinese guarantor)) .)) (TOP (S (ADVP Instead) , (NP-SBJ the banks) (VP secured (NP (NP a promise (SBAR *ICH*-1)) (PP from (NP (NP state-owned Bank) (PP of (NP Communications)))) (SBAR-1 that (S (NP-SBJ-2 it) (VP would (VP lend (NP Asia Development) (NP the entire (QP $ 55 million) *U*) (PP-TMP at (NP maturity)) (S-PRP (NP-SBJ *-2) (VP to (VP finance (NP (NP repayment) (PP of (NP the original borrowing)))))))))))) .)) (TOP (S (NP-SBJ-2 The loan) (VP was (S (NP-SBJ *-2) (VP to (VP have (VP matured (PP-TMP in (NP (QP just two to three) years)) , (ADVP-TMP as soon (SBAR as (S (NP-SBJ-1 construction) (VP was (VP completed (NP *-1))))))))))) .)) (TOP (S But (PP-LOC in (NP (NP a letter) (VP sent (NP *) (PP-TMP in (NP August)) (PP-DTV to (NP Asia Development))))) , (NP-SBJ Schroders) (VP said (SBAR 0 (S (NP-SBJ-1 the loan) (VP was (VP terminated (NP *-1) (SBAR-PRP because (S (NP-SBJ-2 the developer) (VP had (VP failed (S (NP-SBJ *-2) (VP to (VP (VP deliver (NP adequate financial data)) and (VP pay (NP certain fees) (PP-DTV to (NP the loan-management committee)) (PP-TMP on (NP time)))))))))) , (PP according (PP to (NP (NP officials) (ADJP close (PP to (NP the project))))))))))) .)) (TOP (S (NP-SBJ (NP Creditors) (ADJP involved (PP in (NP the project)))) (VP contend , (ADVP however) , (SBAR that (S (NP-SBJ the termination) (ADVP actually) (VP had (NP (NP nothing) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP do (PP-CLR with (NP these technical violations))))))))))) .)) (TOP (S-1 (ADVP Instead) (PRN , (S (NP-SBJ the creditors) (VP say (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the loan) (VP fell (NP-CLR victim) (PP-CLR (PP to (NP (NP nervousness) (PP about (NP (NP China 's) political turmoil)))) , (CONJP as well as) (PP to (NP (NP concern) (PP about (NP (NP the loan 's) security)))))) .)) (TOP (S (S (NP-SBJ-1 The bank syndicate) (VP is (VP made (NP *-1) (PRT up) (PP-CLR (ADVP mostly) of (NP European banks))))) , but (S (NP-SBJ it) (VP includes (NP (NP China 's) state-owned Citic Industrial Bank))) .)) (TOP (S (NP-SBJ (NP The 11 banks) (PP-LOC in (NP the syndicate))) (VP sustained (NP no monetary losses) (SBAR-PRP because (S (NP-SBJ-1 (NP none) (PP of (NP the credit facility))) (VP had (VP been (VP drawn (NP *-1) (PRT down))))))) .)) (TOP (S (NP-SBJ-1 K mart Corp.) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP Pace Membership Warehouse Inc.) (PP-CLR for (NP (NP (NP $ 23 *U*) (NP-ADV a share)) , or (NP (QP $ 322 million) *U*) ,))))) (PP-LOC in (NP a move (S (NP-SBJ *) (VP to (VP expand (NP (NP its presence) (PP-LOC in (NP the (ADJP rapidly growing) warehouse-club business))))))))) .)) (TOP (S (NP-SBJ The proposed merger) (VP comes (SBAR-TMP as (S (S (NP-SBJ (NP K mart 's) profit) (VP is (VP declining))) and (S (NP-SBJ (NP sales) (PP-LOC at (NP its core discount stores))) (VP are (VP rising (ADVP-MNR (ADVP more slowly) (PP than (PP-LOC at (NP (NP such competitors) (PP as (NP Wal-Mart Stores Inc)))))))))))) .)) (TOP (S (NP-SBJ (NP K mart) , (VP based (NP *) (PP-LOC in (NP (NP Troy) , (NP Mich.) ,)))) (ADVP-TMP recently) (VP said (SBAR 0 (S (NP-SBJ net income) (VP would (VP fall (PP for (NP the third consecutive quarter)) , (PP-TMP after (NP (NP a (ADJP 16 %) drop) (PP-TMP in (NP (NP the first half) (PP of (NP its current fiscal year))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The membership warehouse-club concept) (VP has (ADJP great potential))) , '' (NP-SBJ (NP (NP the company 's) chairman) , (NP Joseph E. Antonini) ,) (VP said (S *T*-1) (PP-LOC in (NP a statement))) .)) (TOP (S (NP-SBJ Warehouse clubs) (VP (ADVP typically) carry (NP (NP (NP general merchandise) and (NP food products)) , (SBAR (WHNP which) (S (NP-SBJ they) (VP sell (PP-CLR for (NP close to wholesale prices)) (PP-LOC in (NP no-frills stores))))))) .)) (TOP (S (NP-SBJ (NP Shoppers) (PRN , (S (NP-SBJ (NP many) (WHPP of (WHNP whom))) (VP operate (NP small businesses))) ,)) (VP pay (NP (NP annual membership fees) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP provide (NP an income base) (PP-CLR for (NP the stores))))))) .)) (TOP (S (NP-SBJ K mart) (VP tested (NP the warehouse-club sector) (NP-TMP last year) (PP with (NP (NP its acquisition) (PP of (NP (NP a (ADJP 51 %) interest) (PP in (NP Makro Inc))))))) .)) (TOP (S But (NP-SBJ (NP the Makro chain) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP operates (PP-CLR as (NP (NP a joint venture) (PP between (NP (NP K mart) and (NP (NP SHV Holdings N.V.) (PP of (NP the Netherlands)))))))))) ,) (VP has (NP (NP (QP only six) stores) and (NP (NP annual sales) (SBAR (WHNP-2 that) (S (NP-SBJ one analyst) (VP estimated (NP *T*-2) (PP-CLR at (NP (QP about $ 300 million) *U*)))))))) .)) (TOP (S (NP-SBJ (NP Six-year-old Pace) , (VP based (NP *) (PP-LOC in (NP (NP Aurora) , (NP Colo.) ,)))) (VP operates (NP 41 warehouse-club stores)) .)) (TOP (S (NP-SBJ The company) (VP had (NP losses) (PP-TMP for (NP several years)) (PP-TMP before (S-NOM (NP-SBJ *) (VP turning (ADJP-PRD profitable) (PP-TMP in (NP fiscal 1988)))))) .)) (TOP (S (S (PP-TMP In (NP (NP the year) (VP ended (NP-TMP Jan. 31)))) , (NP-SBJ Pace) (VP rang (PRT up) (NP (NP profit) (PP of (NP (NP (QP $ 9.4 million) *U*) , or (NP (NP 72 cents) (NP-ADV a share)) (PRN , (PP-TMP after (NP a tax-loss carry-forward)) ,) (PP on (NP (NP sales) (PP of (NP (QP $ 1.3 billion) *U*))))))))) , and (S (NP-SBJ analysts) (VP expect (S (NP-SBJ-1 its results) (VP to (VP continue (S (NP-SBJ *-1) (VP to (VP improve)))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ The company) (VP turned (NP (NP the corner) (PP *ICH*-2)) (ADVP-TMP fairly recently) (PP-2 in (NP profitability)))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Margo McGlade) (PP of (NP PaineWebber Inc.)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP been (VP forecasting (NP (NP (NP a (ADJP 46 %) jump) (PP in (NP (NP Pace 's) net income)) (PP from (NP (NP operations) (NP-TMP this year)))) and (NP (NP another (ADJP 42 %) increase) (NP-TMP next year))))))))) .)) (TOP (S `` (NP-SBJ-1 Warehouse productivity) (VP is (VP (ADVP really) beginning (S (NP-SBJ *-1) (VP to (VP take (PRT off)))))) . '')) (TOP (S But (NP-SBJ some analysts) (VP contend (SBAR 0 (S (NP-SBJ-1 K mart) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP pay (NP too much) (PP-CLR for (NP Pace)))))))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV Even if (S (NP-SBJ you) (VP look (PP-CLR at (NP it)) (PP-CLR as (NP a turnaround situation))))) , (NP-SBJ it) (VP 's (ADJP-PRD expensive))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Wayne Hood) (PP of (NP Prudential-Bache Securities Inc))) .)) (TOP (S `` (PP In (NP my opinion)) , (NP-SBJ you) (VP would (ADVP only) (VP pay (NP (NP that kind) (PP of (NP price))) (SBAR-ADV if (S (NP-SBJ you) (VP were (VP getting (NP (NP a premier player) (PP-LOC in (NP the industry))))))))) . '')) (TOP (S (NP-SBJ (NP Ms. McGlade) (PP of (NP PaineWebber))) (VP raised (NP (NP a more fundamental question) (PP about (NP the deal)))) .)) (TOP (SBARQ `` (SBAR-ADV If (S (NP-SBJ K mart) (VP ca n't (VP get (NP its act) (PRT together) (PP-LOC in (NP discounting)))))) , (WHADVP why) (SQ is (NP-SBJ it) (VP spending (NP (NP time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP worrying (PP-CLR about (NP other growing markets)) (ADVP-TMP *T*-1))))))) ? '')) (TOP (S (NP-SBJ She) (VP said , (S `` (NP-SBJ I) (VP would (VP say (SBAR 0 (S (NP-SBJ (NP K mart 's) number one job) (VP is (S-PRD (NP-SBJ *) (VP to (VP (VP address (NP (NP its market-share loss) -LCB- (PP-LOC in (NP discount stores)) -RCB-)) , (SBAR (WHNP-1 which) (S (ADJP longer-term) (NP-SBJ *T*-1) (VP will (VP lead (PP-CLR to (NP improved profit margins)))))))))))))))) .)) (TOP (S (PP-TMP At (NP that point)) , (ADVP perhaps) (NP-SBJ diversification) (VP would (VP be (ADJP-PRD appropriate))) . '')) (TOP (S But (NP-SBJ (NP K mart 's) Mr. Antonini) (VP is (ADJP-PRD intent (PP on (S-NOM (NP-SBJ *) (VP pushing (NP the company) (PP-DIR into (NP new retail businesses))))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ K mart) (VP is (VP opening (NP (NP (NP big food and general merchandise stores) , (VP called (S (NP-SBJ *) (NP-PRD hypermarkets))) ,) and (NP (NP warehouse-type stores) (VP specializing (PP-CLR in (NP (NP office products) and (NP sporting goods)))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP operates (NP (NP Waldenbooks) , (NP Pay Less Drug Stores) and (NP Builders Square home improvement stores))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ K mart) (VP closed (NP-TMP yesterday) (PP-CLR at (NP (NP $ 36 *U*) (NP-ADV a share))) , (ADVP up (NP 12.5 cents))) .)) (TOP (S (NP-SBJ-1 Pace) (VP rose (NP-EXT $ 2.625 *U*) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP $ 22.125 *U*) (NP-SBJ a share))) (PP-LOC in (NP national over-the-counter trading)))))) .)) (TOP (S (NP-SBJ A K mart spokesman) (VP said (SBAR 0 (S (NP-SBJ-1 the acquisition) (VP would (VP be (VP financed (NP *-1) (PP-MNR with (NP short-term borrowings)))))))) .)) (TOP (S (PP-LOC Under (NP (NP terms) (PP of (NP the agreement)))) , (NP-SBJ a K mart subsidiary) (VP will (ADVP-TMP soon) (VP make (NP (NP a tender offer) (PP for (NP Pace shares))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Among (NP (NP the conditions) (PP of (NP the offer)))) (VP is (PP-LOC-PRD *T*-1)) (SBAR-SBJ that (S (NP-SBJ Pace shareholders) (VP tender (NP (NP a majority) (PP of (NP (NP (NP the company 's) shares) (ADJP outstanding))))))) .)) (TOP (S (NP-SBJ The companies) (VP said (SBAR 0 (S (NP-SBJ-1 Pace) (VP would (VP (ADVP ill) continue (S (NP-SBJ *-1) (VP to (VP operate (PP-MNR under (NP its present management)))))))))) .)) (TOP (S (NP-SBJ-1 (NP G. William Ryan) , (NP (NP president) (PP of (NP Post-Newsweek Stations))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP chief executive officer) (PP of (NP (NP the unit) (PP of (NP this media company)))))) , (ADJP effective (NP-TMP Jan. 1)))) .)) (TOP (S (S-TPC-3 (NP-SBJ He) (VP will (VP succeed (NP (NP Joel Chaseman) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP will (VP (VP remain (NP-PRD (NP a vice president) (PP of (NP the company)))) and (VP continue (S (NP-SBJ *-2) (VP to (VP represent (NP Post-Newsweek stations) (PP-LOC in (NP several industry organizations)))))))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (X (ADVP literally .))) (TOP (S (NP-SBJ-1 (NP Traders) (VP (ADVP-MNR nervously) watching (NP their Quotron electronic-data machines) (NP-TMP yesterday morning))) (VP were (ADJP-PRD stunned (S (NP-SBJ *-1) (VP to (VP see (S (NP-SBJ the Dow Jones Industrial Average) (VP plummet (NP-EXT 99 points) (PP-TMP in (NP seconds))))))))) .)) (TOP (S (ADVP-TMP (NP A minute) later) (NP-SBJ it) (VP (VP soared (NP-EXT 128 points)) , (ADVP then) (VP zoomed (ADVP back down (NP (NP 113 points) , (NP (NP 69) (PP-LOC below (NP (NP Friday 's) close))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP was (ADJP-PRD crazy))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Neil Weisman) , (NP (NP general partner) (PP of (NP Chilmark Capital Corp)))) .)) (TOP (S `` (NP-SBJ It) (VP was (PP-PRD like (S-NOM (NP-SBJ *) (VP flying (PP-MNR without (NP (NP a pilot) (PP-LOC in (NP (NP the front) (PP of (NP the plane)))))))))) . '')) (TOP (S But (NP-SBJ (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP said (S `` (NP-SBJ This) (VP ca n't (VP be (VP happening))) ''))))) (VP were (ADJP-PRD right)) .)) (TOP (S (NP-SBJ The Quotrons) (VP were (ADJP-PRD wrong)) .)) (TOP (S (NP-SBJ (NP Quotron Systems Inc.) , (NP a Citicorp unit) ,) (VP blamed (NP the 30-minute foul-up) (PP-CLR on (NP (NP `` (NP a timing problem) (PP-LOC in (NP our software)) '') (VP caused (NP *) (PP by (NP-LGS (NP the enormous early volume) -- (NP (QP about 145 million) shares))) (PP-TMP in (NP (NP the first hour) (PP of (NP New York Stock Exchange trading)))))))) .)) (TOP (S-2 (S (NP-SBJ (NP The prices) (PP of (NP (NP the individual stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP make (PRT up) (NP the average))))))) (VP were (ADJP-PRD correct))) (PRN , (S (NP-SBJ Quotron) (VP said (SBAR 0 (S *T*-2)))) ,) but (S (NP-SBJ the average) (VP was (ADJP-PRD wrong))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ there) (VP was (NP-PRD (NP an awful lot) (PP of (NP confusion)))) .)) (TOP (S (PP-TMP At (NP about 10:40 a.m.)) (PP-LOC on (NP (NP the over-the-counter trading desk) (PP-LOC at (NP a major brokerage firm)))) , (NP-SBJ (NP a veteran trader) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP buys and sells (NP (NP some) (PP of (NP the (ADJP most active) stocks))))))) (VP (VP looked (PP-CLR at (NP a senior official))) and (VP asked , (SBARQ `` (WHNP-2 What) (SQ 's (NP-SBJ *T*-2) (VP going (PRT on)))))) ?)) (TOP (SQ Is (NP-SBJ the market) (ADVP-PRD up or down) ? '')) (TOP (S (PP-TMP At (NP the time)) , (NP-SBJ Quotron) (VP was (VP reporting (SBAR that (S (NP-SBJ the industrial average) (VP was (ADVP-PRD down (NP 70 points))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ it) (VP was (ADVP-PRD up (NP 24))) .)) (TOP (S (NP-SBJ (NP Holly Stark) , (NP (NP a vice president) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP heads (NP (NP the trading desk) (PP-LOC at (NP Dillon Read Capital Corp.))))))) ,) (VP said (SBAR that (S (SBAR-TMP once (S (NP-SBJ she) (VP figured (PRT out) (SBAR 0 (S (NP-SBJ the Quotron numbers) (VP were (ADJP-PRD wrong))))))) , (NP-SBJ-2 she) (VP called (NP brokers) (S-PRP (NP-SBJ *-2) (VP to (VP tell (NP them)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP 's (VP been (ADJP-PRD (ADVP kind of) annoying) , (S-ADV (NP-SBJ *) (VP to (VP say (NP the least))))))) , '' (NP-SBJ she) (VP said (S *T*-1)) .)) (TOP (S (S (S-ADV (NP-SBJ *) (VP To (VP confuse (NP matters) further))) , (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ UAL Corp. stock) (ADVP finally) (VP opened (PP-LOC on (NP the New York Stock Exchange)) (PP-TMP at (NP 11:08 a.m.)) (ADVP-TMP *T*-2)))) , (NP-SBJ-1 the price) (VP was (VP listed (NP *-1) (PP-CLR at (NP (NP $ 324.75 *U*) (NP-ADV a share))) , (ADVP up (NP (QP about $ 45) *U*) (PP-TMP from (NP Friday)))))) ; (S (PP in (NP fact)) , (NP-SBJ its true price) (VP was (NP-PRD $ 224.75 *U*) , (ADVP down (NP $ 55 *U*)))) .)) (TOP (S (NP-SBJ That) (VP was (NP-PRD (NP the New York Stock Exchange 's) blooper)) .)) (TOP (S (NP-SBJ-1 A spokesman) (VP (VP cited (NP a `` technical error '')) and (VP declined (S (NP-SBJ *-1) (VP to (VP elaborate))))) .)) (TOP (S And (NP-SBJ there) (VP were (NP-PRD other blunders)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the market) (VP opened (PP-TMP at (NP 9:30 a.m. EST)) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP a reporter) (PP for (NP the Reuters newswire))) (VP miscalculated (NP (NP the industrial average 's) drop) (PP-CLR as (NP a (ADJP 4 %) decline)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ it) (ADVP really) (VP was (ADVP-PRD down (NP 0.7 %)) (ADVP-TMP *T*-2))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ It) (VP was (NP-PRD (NP a case) (PP of (NP human error)) , (SBAR (WHNP-1 which) (S (NP-SBJ we) (VP (VP found (NP *T*-1) (ADVP-TMP almost immediately)) and (VP corrected (NP *T*-1)))))))) , '' (NP-SBJ (NP a spokesman) (PP for (NP Reuter)) (PP-LOC in (NP New York))) (VP said (S *T*-2)) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP some currency traders) (PP-LOC at (NP (NP (ADJP West German) banks) (PP-LOC in (NP Frankfurt))))) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP (VP sold (NP dollars) (PP-PRP on (NP the news))) and (VP had (S (NP-SBJ *-1) (VP to (VP buy (NP them) (ADVP-CLR back) (ADVP-TMP later) (PP-CLR at (NP higher prices)))))))))) .)) (TOP (S-CLF But (NP-SBJ it) (VP was (NP-PRD the Quotron problems) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (NP lingering effects))))) .)) (TOP (S (S (NP-SBJ (NP Dillon Read 's) Ms. Stark) (VP said (PP-TMP in (NP early afternoon)) (SBAR that (S (NP-SBJ she) (VP was (ADVP still) (VP viewing (NP (NP prices) and (NP other data)) (PP-CLR as (ADJP subject (PP to (NP verification)))))))))) , and (S (NP-SBJ she) (VP said (SBAR 0 (S (NP-SBJ-2 portfolio managers) (VP continued (S (NP-SBJ *-2) (VP to (VP question (NP (NP the numbers) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP saw (NP *T*-1) (PP-LOC on (NP the screen)))))))))))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP the second time) (SBAR *ICH*-1)) (PP-TMP in (ADJP (ADJP less) (PP than (NP a week)))) (SBAR-1 (WHADVP-3 that) (S (NP-SBJ-2 Quotron) (VP has (VP had (NP (NP problems) (S-NOM (NP-SBJ *-2) (VP calculating (NP the industrial average)))) (ADVP-TMP *T*-3)))))) .)) (TOP (S (PP-TMP At (NP (NP the start) (PP of (NP trading)) (NP-TMP last Wednesday))) , (NP-SBJ-1 the average) (VP appeared (S (NP-SBJ *-1) (VP to (VP plunge (NP-EXT (QP more than 200) points))))) .)) (TOP (S (ADVP Actually) , (NP-SBJ it) (VP was (ADVP-PRD down (NP (NP only a few points) (PP-TMP at (NP the time))))) .)) (TOP (S (NP-SBJ Quotron) (VP said (SBAR 0 (S (NP-SBJ (NP that snafu) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP lasted (NP-TMP nine minutes)))) ,) (VP resulted (PP-CLR from (NP a failure (S (NP-SBJ *) (VP to (VP adjust (PP-CLR for (NP (NP a 4-for-1 stock split) (PP-LOC at (NP Philip Morris Cos))))))))))))) .)) (TOP (S (NP-SBJ A Quotron spokeswoman) (VP said (SBAR 0 (S (NP-SBJ recent software changes) (VP may (VP have (VP contributed (PP-CLR to (NP (NP yesterday 's) problems)))))))) .)) (TOP (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ Quotron) (VP switched (PP-CLR to (NP a backup system)) (SBAR-TMP until (S (NP-SBJ-1 the problems) (VP were (VP corrected (NP *-1))))))))) .)) (TOP (S `` (FRAG-TPC-1 (NP-TMP (NP Today) (PP of (NP all days)))) , '' (NP-SBJ she) (VP lamented (FRAG *T*-1)) .)) (TOP (S `` (NP-SBJ (NP The eyes) (PP of (NP the world))) (VP were (VP watching (NP us))) .)) (TOP (S (NP-SBJ-1 Steven F. Kaplan) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP a senior vice president) (PP of (NP this graphics equipment company)))))) .)) (TOP (S (NP-SBJ He) (VP retains (NP (NP his current positions) (PP as (NP (NP (NP chief strategic officer) (PP of (NP AM International))) and (NP (NP president) (PP of (NP AM Ventures))))))) .)) (TOP (S (NP-SBJ (NP Houston attorney Dale Friend) , (VP representing (NP a plaintiff) (PP-LOC in (NP a damage suit))) ,) (VP says (SBAR 0 (S (NP-SBJ he) (VP has (VP negotiated (NP (NP a settlement) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP strike (NP a blow) (PP for (NP his client)))))))))))) .)) (TOP (ADVP Literally .)) (TOP (S (NP-SBJ It) (VP turns (PRT out) (SBAR 0 (S (NP-SBJ (NP (NP Mr. Friend 's) client) , (NP (NP Machelle Parks) (PP of (NP Cincinnati))) ,) (VP did n't (VP like (NP (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ defense attorney Tom Alexander) (VP acted (PP-TMP during (NP the legal proceedings)) (ADVP-MNR *T*-1)))))))))) .)) (TOP (S (ADVP So) (NP-SBJ-1 she) (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP forgo (NP (NP monetary damages) (PP against (NP (NP Mr. Alexander 's) client))) (PP in (NP (NP return) (PP for (NP the right (S (NP-SBJ *) (VP to (VP punch (NP the attorney))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Ms. Parks 's) mother) (ADVP also) (VP gets (S (NP-SBJ *-1) (VP to (VP cuff (NP Mr. Alexander))))) .)) (TOP (SINV (ADVP-PRD-TPC-1 So) (VP does (ADVP-PRD *T*-1)) (NP-SBJ (NP Mr. Friend) and (NP (NP his law partner) , (NP Nick Nichols))) .)) (TOP (S (NP-SBJ The bizarre arrangement) (VP grows (PP-CLR out (PP of (NP (NP (NP Mr. Alexander 's) representation) (PP of (NP (NP Derr Construction Co.) , (NP (NP one) (PP of (NP (NP several defendants) (PP-LOC in (NP (NP a wrongful death lawsuit) (VP brought (NP *) (PP by (NP-LGS (NP Ms. Parks) , (NP (NP the widow) (PP of (NP (NP a construction worker) (VP killed (NP *) (PP-TMP in (NP January 1987)) (SBAR-TMP while (S (NP-SBJ *) (VP working (PP-CLR on (NP a new Houston convention center))))))))))))))))))))))) .)) (TOP (S-1 (NP-TMP Last month) (PRN , (S (NP-SBJ Mr. Friend) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP Mr. Alexander 's) associate) (VP agreed (SBAR that (S (NP-SBJ Derr) (VP would (VP pay (NP $ 50,000 *U*) (PP as (NP (NP part) (PP of (NP an overall settlement))))))))) .)) (TOP (S But (NP-SBJ-1 Mr. Alexander) (VP scuttled (NP the deal) (PP-TMP at (NP the last minute)) , (S-ADV (NP-SBJ *-1) (VP angering (NP (NP the plaintiff 's) side)))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (ADVP-TMP never) (VP agreed (PP-CLR to (NP it)))) , '' (NP-SBJ-3 Mr. Alexander) (VP says (S *T*-2) , (S-ADV (NP-SBJ *-3) (VP adding (SBAR that (S `` (NP-SBJ (NP it) (S *EXP*-1)) (VP 's not (ADJP-PRD necessary) (S-1 (NP-SBJ *) (VP to (VP pay (NP these nuisance settlements)))))))))) . '')) (TOP (S-3 (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ (NP Ms. Parks) and (NP her mother)) (VP heard (PP-CLR about (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP had (VP happened))))) (ADVP-TMP *T*-2)))) (PRN , (S (NP-SBJ Mr. Friend) (VP says (SBAR 0 (S *T*-3)))) ,) (NP-SBJ they) (VP volunteered (SBAR that (S (NP-SBJ-4 they) (VP would (VP like (S (NP-SBJ *-4) (VP to (VP give (NP Mr. Alexander) (NP a good walloping))))))))) .)) (TOP (S (NP-SBJ Mr. Friend) (VP says (SBAR 0 (S (S (NP-SBJ he) (VP passed (NP that) (PRT along) (PP-DIR to (NP his adversary)))) , and (S (ADVP-TMP soon) (NP-SBJ they) (VP were (VP talking (PP-CLR about (NP (NP the ground rules) (SBAR (WHPP-1 under (WHNP which)) (S (S (NP-SBJ Derr) (VP could (VP keep (NP its money) (PP-LOC *T*-1)))) and (S (NP-SBJ the plaintiffs) (VP could (VP take (NP (NP a shot) (PP at (NP Mr. Alexander))) (PP-LOC *T*-1)))))))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-2 time and place) (VP have (ADVP yet) (S (NP-SBJ-1 *-2) (VP to (VP be (VP determined (NP *-1)))))))) , (NP-SBJ some details) (VP are (PP-LOC-PRD in (NP place))) .)) (TOP (S (NP-SBJ Mr. Friend) (VP says (SBAR 0 (S (NP-SBJ-1 he) (VP agreed (S (NP-SBJ *-1) (VP to (VP strike (NP Mr. Alexander) (PP-LOC above (NP the belt))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Ms. Parks) and (NP her mother)) (VP indicated (SBAR 0 (S (NP-SBJ-1 they) (VP want (S (NP-SBJ *-1) (VP to `` (VP catch (NP (NP him) (ADVP unawares)) (PP from (NP behind)))))))))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Mr. Alexander) , (PP for (NP his part)) , (VP insisted (SBAR that (S (NP-SBJ the punchers) (VP (VP ca n't (VP assign (NP their pummeling rights) (PP-CLR to (NP anyone else)))) , (VP ca n't (VP use (NP a blunt instrument))) and (VP ca n't (VP take (NP a running start))))))) .)) (TOP (S (NP-SBJ Mr. Alexander) (VP says (SBAR 0 (S (NP-SBJ he) (VP regards (NP (NP the agreement) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP has n't (VP been (VP submitted (NP *-1) (PP-CLR to (NP a judge))))))) ,) (PP-CLR as (NP (NP something) (PP of (NP a joke)))))))) .)) (TOP (S (ADVP However) , (NP-SBJ he) (VP acknowledges (SBAR 0 (S (NP-SBJ they) `` (VP have (NP (NP the option) (PP of (S-NOM (NP-SBJ *) (VP taking (NP (NP a swat) (PP at (NP me))))))) (SBAR-ADV if (S (NP-SBJ they) (ADVP really) (VP want (VP to (VP *?*))))))))) . '')) (TOP (S (NP-SBJ Mr. Friend) (VP says (SBAR 0 (S (NP-SBJ his side) (VP is (ADJP-PRD `` dead serious))))) . '')) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 they) (VP do n't (VP contemplate (S (NP-SBJ *-1) (VP delivering (NP any disabling blows))))))) , (NP-SBJ he) (VP says (SBAR that (S (NP-SBJ-2 Mr. Alexander) (VP will (VP be (VP asked (S (NP-SBJ *-2) (VP to (VP sign (NP (NP a release) (PP from (NP liability))) , (ADVP-PRP just (PP in (NP case)))))))))))) .)) (TOP (S (PP-TMP After (NP (NP two years) (PP of (NP drought)))) , (NP-SBJ it) (VP rained (NP money) (PP-LOC in (NP the stock-index futures markets)) (NP-TMP yesterday)) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ financial markets) (VP rebounded))) , (NP-SBJ-1 (NP trading volume) (PP-LOC in (NP (NP the Chicago Mercantile Exchange 's) huge Standard & Poor 's 500 stock-index futures pit))) (VP soared , (S-ADV (NP-SBJ *-1) (VP reaching (NP near-record levels) (PP-TMP for (NP (NP the first time) (PP-TMP since (NP (NP October) (NP 1987)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The sudden influx) (PP of (NP liquidity))) (VP enabled (S (NP-SBJ several traders) (VP to (VP reap (NP six-figure windfalls) (PP-TMP in (NP (NP a matter) (PP of (NP minutes)))) (SBAR-TMP as (S (NP-SBJ prices) (VP soared)))))))) , (NP-SBJ traders) (VP said (S *T*-1)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Guys) (VP were (VP minting (NP money) (PP-LOC in (NP there)) (NP-TMP today)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP John Legittino) , (NP (NP a futures broker) (PP for (NP (NP Elders Futures Inc.) (PP-LOC in (NP Chicago)))))) .)) (TOP (S (NP-SBJ (NP The S&P 500 futures contract) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP moves (PP-MNR in (NP (NP fractions) (PP of (NP an index point)))) (PP-LOC under (NP normal conditions))))) ,) (VP (VP jumped (NP-EXT (QP two to three) points) (PP-TMP in (NP seconds)) (NP-TMP early yesterday) (PP-TMP after (NP an initial downturn))) , (VP (ADVP then) moved (ADVP-DIR strongly higher) (NP-TMP (NP the rest) (PP of (NP the day))))) .)) (TOP (S (NP-SBJ Each index point) (VP represents (NP (NP a (ADJP $ 500 *U*) profit) (PP for (NP (NP each S&P 500 contract) (VP held (NP *)))))) .)) (TOP (S (PP-TMP For (NP (NP the first time) (PP-TMP since (NP the 1987 crash)))) , (NP-SBJ traders) (VP said (SBAR that (S (NP-SBJ-1 they) (VP were (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP trade (NP (NP several hundred S&P 500 contracts) (PP at (NP a time))) (PP-LOC in (NP a (ADJP highly liquid) market)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Many institutions) and (NP individual investors)) (VP have (VP shied (ADVP away (PP from (NP stock-index futures))) , (S-ADV (NP-SBJ *-1) (VP blaming (NP them) (PP-CLR for (S-NOM (NP-SBJ *) (VP speeding (NP (NP the stock market crash) (PP-TMP on (NP Black Monday)) (ADVP-TMP (NP two years) ago))))))))) .)) (TOP (S (PP-TMP Since (NP the crash)) , (NP-SBJ many futures traders) (VP have n't (VP assumed (NP large positions) (PP-PRP for (NP fear (SBAR that (S (NP-SBJ the S&P 500 market) , (PP with (NP (NP much) (PP of (NP its customer order flow)) (VP missing))) , (VP would (VP dry (ADVP-CLR up) (SBAR-ADV if (S (NP-SBJ prices) (VP turned (PP-CLR against (NP them))))))))))))) .)) (TOP (S (NP-SBJ-1 (QP More than 400) traders) (VP jammed (NP the S&P 500 futures pit) (S-PRP (NP-SBJ *-1) (VP to (VP await (NP the opening bell))))) .)) (TOP (S (NP-SBJ Traders) (VP were (VP shouting (NP bids and offers) (NP-TMP (NP a full five minutes) (PP-TMP before (NP (NP the start) (PP of (NP (NP trading) (PP-TMP at (NP 8:30 am))))))))))) (TOP (S (NP-SBJ The contract) (VP fell (NP-EXT (NP five points) (NP *ICH*-2)) (PP-TMP at (NP the open)) (PP-DIR to (NP 323.85)) , (NP-2 (NP the maximum opening move) (VP allowed (NP *) (PP-LOC under (NP (NP safeguards) (VP adopted (NP *) (PP by (NP-LGS the Merc)) (S-PRP (NP-SBJ *) (VP to (VP stem (NP a market slide)))))))))) .)) (TOP (S But (NP-SBJ several traders) (VP (ADVP-MNR quickly) (VP stepped (ADVP-CLR up)) and (VP bid (PP-CLR for (NP contracts))) , (S-ADV (NP-SBJ *) (VP driving (NP prices) (ADVP-DIR sharply higher)))) .)) (TOP (S (NP-SBJ-1 The market) (VP (VP hovered (PP-LOC near (NP (NP (NP Friday 's) closing price) (PP of (NP 328.85)))) (PP-TMP for (NP about a half hour)) , (S-ADV (NP-SBJ *-1) (VP moving (ADVP-DIR (NP several index points) higher or lower) (PP-TMP in (NP seconds)))) ,) (VP (VP (ADVP then) broke (ADVP-LOC higher)) and (VP did n't (VP look (ADVP-CLR back))))) .)) (TOP (S (NP-SBJ (NP The S&P 500 contract) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP expires (PP-TMP in (NP December)))))) (VP closed (ADVP up (NP a record 15.65 points)) (PP on (NP (NP volume) (PP of (NP (QP nearly 80,000) contracts))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP Traders) (ADVP-LOC (NP five feet) (PP from (NP each other)))) (VP were (VP making (NP (NP bids and offers) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP were (NP-PRD a full point apart)))))))) , '' (VP said (S *T*-2)) (NP-SBJ one S&P 500 broker) .)) (TOP (S `` (S-TPC-1 (NP-SBJ You) (VP could (VP (VP (VP buy (PP-CLR at (NP the bid))) and (VP sell (PP-CLR at (NP the offer)))) and (VP make (NP a fortune))))) , '' (NP-SBJ he) (VP marveled (S *T*-1)) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Several) (PP of (NP (NP Wall Street 's) largest securities firms)) , (PP including (NP (NP Salomon Brothers Inc.) and (NP PaineWebber Inc.))) ,) (VP were (ADVP also) (NP-PRD large buyers))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ Salomon Brothers) (VP was (PP-LOC-PRD among (NP (NP the largest sellers) (PP of (NP stock-index futures)))) (NP-TMP last week))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Brokerage firms) (PP as (NP a rule)) (VP do n't (VP comment (PP-CLR on (NP their market activity)))) .)) (TOP (S (PP Unlike (NP (NP the week) (VP following (NP Black Monday)) (ADVP-TMP (NP two years) ago))) , (NP-SBJ (NP individual traders) (PP-LOC in (NP the S&P 500 pit))) (VP were (ADVP also) (VP being (ADJP-PRD uncharacteristically circumspect (PP about (NP their one-day profits))))) .)) (TOP (SINV `` (S-TPC-1 (PP With (NP (NP the FBI) (PP-LOC around (ADVP here)))) , (NP-SBJ bragging rights) (VP are (NP-PRD (NP a thing) (PP of (NP the past))))) , '' (VP said (S *T*-1)) (NP-SBJ-2 one trader) , (S-ADV (NP-SBJ *-2) (VP referring (PP to (NP (NP the federal investigation) (PP of (NP futures trading)) (SBAR (WHNP-3 that) (S (ADVP so far) (NP-SBJ *T*-3) (VP has (VP resulted (PP-CLR in (NP (NP 46 indictments) (VP lodged (NP *) (PP-CLR against (NP (NP individuals) (PP-LOC on (NP (NP the Merc) and (NP (NP the Chicago Board) (PP of (NP Trade)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The market) (PP for (NP (NP (QP $ 200 billion) *U*) (PP of (NP high-yield junk bonds))))) (VP regained (NP (NP some) (PP of (NP its footing))) (SBAR-TMP as (S (NP-SBJ the Dow Jones Industrial Average) (VP rebounded (PP-CLR from (NP (NP Friday 's) plunge)))))) .)) (TOP (S But (NP-SBJ (NP the junk recovery) , (VP led (NP *) (PP by (NP-LGS the bellwether RJR Holdings bonds))) ,) (VP was (ADJP-PRD precarious)) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP No trading) (PP *ICH*-1)) (VP existed (PP-1 for (NP (NP the vast majority) (PP of (NP junk bonds)))))) , (NP-SBJ securities industry officials) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ (NP trading) (PP in (NP practically every issue))) (VP ground (PP-CLR to (NP a halt)) (SBAR-TMP as (S (S (NP-SBJ potential buyers) (VP fled)) and (S (NP-SBJ-1 brokerage firms) (VP were (ADJP-PRD unwilling (S (NP-SBJ *-1) (VP to (VP provide (NP (NP bid and offer prices) (PP for (NP most issues)))))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ Nothing) (VP traded (PP-TMP on (NP Friday)))) , and (S (NP-SBJ people) (VP were n't (ADJP-PRD really sure (SBAR (WHADVP-1 where) (S (NP-SBJ the market) (VP should (VP have (VP opened '' (NP-TMP yesterday) (ADVP-LOC *T*-1)))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Raymond Minella) , (NP (NP co-head) (PP of (NP merchant banking)) (PP-LOC at (NP Merrill Lynch & Co)))) .)) (TOP (S `` But (NP-SBJ we) (VP had (NP a (ADJP fairly active) day) (NP-TMP yesterday)) . '')) (TOP (SINV (S-TPC-2 (PP-LOC At (NP (NP Drexel Burnham Lambert Inc.) , (NP (NP the leading underwriter) (PP of (NP junk bonds))))) , `` (NP-SBJ-1 I) (VP was (ADJP-PRD prepared (S (NP-SBJ *-1) (VP to (VP be (PP-PRD in (NP a (ADJP very bad) mood)) (NP-TMP tonight))))))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP David Feinman) , (NP a junk bond trader)) .)) (TOP (S `` (ADVP-TMP Now) , (NP-SBJ I) (VP feel (SBAR 0 (S (ADVP maybe) (NP-SBJ there) (VP 's (NP-PRD (NP a little bit) (PP of (NP euphoria))))))) . '')) (TOP (S-1 But (SBAR-TMP before (S (NP-SBJ the stock market) (VP rebounded (PP-CLR from (NP a sharp early sell-off)) (NP-TMP yesterday)))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) `` (S (NP-SBJ You) (VP could n't (VP buy -LCB- (NP junk bonds) -RCB-))) and (S (NP-SBJ you) (VP could n't (VP give (NP them) (PRT away)))) . '')) (TOP (S (NP-SBJ-1 (NP Yesterday 's) rally) (VP was (VP led (NP *-1) (PP by (NP-LGS (NP RJR Holdings (ADJP (QP 13 3) %) bonds) , (SBAR (WHNP-2 which) (S (ADVP-TMP initially) (NP-SBJ *T*-2) (VP tumbled (NP-EXT (NP three points) , or (NP (NP $ 30 *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount))) ,) (PP-DIR to (NP (QP 96 1))) (PP-TMP before (S-NOM (NP-SBJ *) (VP rebounding (PP-DIR to (NP (QP 99 3))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Bonds) (VP issued (NP *) (PP by (NP-LGS (NP Kroger) , (NP Duracell) , (NP Safeway) and (NP American Standard))))) (ADVP also) (VP showed (NP big gains) , (S-ADV (NP-SBJ *-1) (VP recovering (NP (NP almost all their losses) (PP from (NP (NP Friday) and (NP early yesterday))))))) .)) (TOP (S But (NP-SBJ traders) (VP said (SBAR 0 (S (NP-SBJ the junk bond market) (ADVP increasingly) (VP is (VP separating (PP-CLR into (NP (NP (NP a top-tier group) , (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 trades) (VP can (VP be (VP executed (NP *-1) (ADVP-MNR easily) (PP-LOC *T*-2)))))) ,) and (NP (NP a larger group) (PP of (NP lower-quality bonds)) (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ (NP liquidity) (PRN -- or (NP (NP the ability) (S (NP-SBJ *) (VP to (VP trade (PP-MNR without (NP too much difficulty)))))) --)) (VP has (VP (ADVP-MNR steadily) deteriorated (NP-TMP this year) (PP-LOC *T*-3))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Liquidity) (VP has n't (VP returned (PP-CLR to (NP (NP the vast middle ground) (PP of (NP the market))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Mr. Minella) (PP of (NP Merrill))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The deadbeats) (VP are (ADVP-TMP still) (NP-PRD deadbeats))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Mr. Feinman) (PP of (NP Drexel))) .)) (TOP (S (NP-SBJ Analysts) (VP are (ADJP-PRD concerned (SBAR that (S (NP-SBJ (NP much) (PP of (NP the high-yield market))) (VP will (VP remain (ADJP-PRD treacherous) (PP for (NP investors)))))))) .)) (TOP (S (NP-SBJ-2 (NP (NP Paul Asquith) , (NP (NP associate professor) (PP-LOC at (NP (NP (NAC the Massachusetts Institute (PP of (NP Technology))) 's) (NP Sloan School) (PP of (NP Management))))))) , (S (NP-SBJ *-2) (VP citing (NP (NP a pattern) (PP of (NP (NP junk-bond default rates) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP are (ADJP-PRD low) (PP-TMP in (NP (NP the early years) (PP-TMP after (NP issuance))))) and (VP rise (ADVP-TMP later)))))))))) , (VP says , (S `` (NP-SBJ We) (VP 're (ADVP-TMP now) (PP-LOC-PRD in (NP (NP a period) (SBAR (WHADVP where) (S (NP-SBJ-3 we) (VP 're (VP starting (S (NP-SBJ *-3) (VP to (VP see (NP (NP defaults) (PP from (NP (NP the big issue years) (PP of (NP (NP 1984) (PP to (NP 1986))))))))))))))))))) . '')) (TOP (S (NP-SBJ (NP Mark Bachmann) , (NP (NP a senior vice president) (PP at (NP (NP Standard & Poor 's) Corp.))) ,) (VP confirms (SBAR that (S (NP-SBJ there) (VP is (NP-PRD `` (NP increasing concern) (PP about (NP (NP the future liquidity) (PP of (NP the junk bond market))))))))) . '')) (TOP (SINV `` (S-TPC-1 (NP-SBJ Junk bonds) (VP are (NP-PRD a (ADJP highly stratified) market))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Lewis Glucksman) , (NP (NP vice chairman) (PP of (NP Smith Barney , Harris Upham & Co)))) .)) (TOP (S `` (NP-SBJ There) (VP 's (NP-PRD (NP (NP a whole bunch) (PP of (NP stuff)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD (NP-ADV money) good))))) and (NP (NP a whole bunch) (PP of (NP stuff)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP 's not (ADJP-PRD so good))))))) . '')) (TOP (S (NP-SBJ (NP Analysts) (PP-LOC at (NP Standard & Poor 's))) (VP say (SBAR 0 (S (NP-SBJ-1 (NP junk bond offerings) (PP by (NP `` (ADJP tightly stretched) '' issuers))) (VP seem (S (NP-SBJ *-1) (VP to (VP be (VP growing)))))))) .)) (TOP (S (NP-SBJ (NP (QP Almost $ 8 billion) *U*) (PP of (NP (NP junk bonds) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP are (VP considered (S (NP-SBJ *-1) (ADJP-PRD untradeable))))))))) (VP include (NP (NP issues) (PP from (NP (NP SCI TV) , (NP (NP Gillette Holdings) (PRN -LRB- (ADJP not related (PP to (NP Gillette Co.))) -RRB-)) , (NP Interco) , (NP Seaman Furniture) , (NP Allied Stores) , (NP Federated Department Stores) , (NP National Gypsum) , (NP M.D.C. Holdings) , (NP Micropolis) , (NP Leaseway Transportation) and (NP Price Communications))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ You) (VP could (ADVP still) (VP have (NP some (ADJP very bad) times) (ADVP-LOC ahead)))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Bachmann) .)) (TOP (S `` (NP-SBJ (NP It) (S *EXP*-1)) (VP 's (ADJP-PRD possible) (S-1 (NP-SBJ *) (VP to (VP have (NP a (ADJP 10 %) default rate) (PP-TMP in (NP one year))))) , (SBAR-PRP because (S (NP-SBJ we) (VP 're (ADVP already) (VP seeing (NP big problems) (PP-LOC in (NP (NP the midst) (PP of (NP a (ADJP pretty strong) economy))))))))) .)) (TOP (S (NP-SBJ-1 I) (VP 'm (ADVP certainly) not (ADJP-PRD comfortable (S (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ we) (VP 've (VP seen (NP the bottom))))))))) . '')) (TOP (S But (NP-SBJ (NP (NP yesterday 's) rally) (PP-LOC among (NP `` good '' junk))) (VP was (NP-PRD (NP a badly needed tonic) (PP for (NP the market)))) .)) (TOP (S-1 (S (NP-SBJ Many issues) `` (VP bounced (PP-CLR off (NP the floor)))) (PRN , '' (S (NP-SBJ Mr. Minella) (VP said (SBAR 0 (S *T*-1)))) ,) and (S (NP-SBJ benchmark junk issues) (VP `` recovered (NP (NP all) (PP of (NP (NP their losses) '' (PP from (NP (NP Friday) and (NP early yesterday)))))))) .)) (TOP (S-3 (PP In (NP contrast)) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-3)))) ,) `` (S (NP-SBJ The stock market) (VP gained (PRT back) (NP (NP (QP only about half)) (SBAR-NOM (WHNP-1 what) (S (NP-SBJ it) (VP lost (NP *T*-1) (NP-TMP Friday))))))) , and (S (NP-SBJ the -LCB- government -RCB- bond market) (VP lost (NP (NP (QP about half)) (SBAR-NOM (WHNP-2 what) (S (NP-SBJ it) (VP gained (NP *T*-2) (NP-TMP Friday))))))) . '')) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ-1 (NP yesterday 's) rally) (VP was (VP fueled (NP *-1) (PP by (NP-LGS (NP insurance companies) (VP looking (PP-CLR for (NP bargains)) (PP-TMP after (NP (NP a drastic slide) (PP in (NP prices)) (NP-TMP the past month))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ-2 mutual funds) (VP did n't (VP appear (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP major sellers) (PP of (NP high-yield securities))) (SBAR-ADV as (S (NP-SBJ-1 *) (VP was (VP expected (NP *-1)))))))))) .)) (TOP (SINV `` (S-TPC-1 (ADVP-TMP Sometimes) (NP-SBJ a shakeout) (VP is (ADJP-PRD healthy))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Drexel 's) Mr. Feinman) .)) (TOP (S `` (NP-SBJ-1 People) (VP will (VP learn (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD more circumspect)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ they) (VP do (NP good credit analysis)))) , (NP-SBJ they) (VP will (VP avoid (NP the hand grenades))) .)) (TOP (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the market) (VP is (PP-PRD in (NP good shape)))))) .)) (TOP (SQ Should (NP-SBJ you) (ADVP really) (VP own (NP stocks)) ?)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP a question) (SBAR (WHNP-1 0) (S (NP-SBJ (NP a lot) (PP of (NP people))) (VP are (VP asking (NP *T*-1)))))) , (PP-TMP following (NP (NP (NP the stock market 's) stunning display) (PP of (NP volatility))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Whipsawed (ADVP financially and emotionally) (PP by (NP-LGS (NP (NP (NP Friday 's) heartstopping 190-point drop) (PP-LOC in (NP the Dow Jones Industrial Average))) and (NP (NP yesterday 's) 88-point rebound))))) , (NP-SBJ-1 they) (VP 're (VP wondering (SBAR if (S (NP-SBJ an individual) (VP has (NP (NP any business) (S-NOM (NP-SBJ *) (VP being (PP-LOC-PRD in (NP the market)))))))))) .)) (TOP (S-1 (NP-SBJ The answer) (PRN , (SINV (VP say (SBAR 0 (S *T*-1))) (NP-SBJ (NP academic researchers) , (NP money managers) and (NP investment specialists))) ,) (VP is (NP-PRD yes) -- (ADVP as (ADVP long (SBAR-PRD as (S (NP-SBJ you) (VP approach (NP the stock market) (PP-MNR as (NP an investor)))))))) .)) (TOP (S-2 But (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-3 people) (VP should n't (VP try (S (NP-SBJ *-3) (VP to (VP be (NP-PRD (NP traders) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP buy and sell (PP-PRP in (NP an effort (S (NP-SBJ *) (VP to (VP (VP ride (NP the latest economic trend)) or (VP catch (NP the next hot stock)))))))))))))))) .)) (TOP (S (NP-SBJ (NP The case) (PP for (S-NOM (NP-SBJ *) (VP owning (NP stocks) (PP-TMP over (NP the long-term)))))) (VP is (ADJP-PRD compelling)) .)) (TOP (SINV `` (S-TPC-2 (SBAR-ADV If (S (NP-SBJ you) (VP look (PP-CLR at (ADJP (NP-ADV 75 years) worth (PP of (NP investment history)) (PRN -- (PP including (NP (NP the Great Depression) and (NP (NP every bear market) (ADVP-TMP since)))) --)))))) (NP-SBJ stocks) (VP have (VP outperformed (NP (NP almost everything) (SBAR (WHNP-1 0) (S (NP-SBJ an individual) (VP could (VP have (VP owned (NP *T*-1))))))) (PP-MNR by (NP a long shot))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Barry Berlin) , (NP (NP vice president) (PP-LOC at (NP First Wachovia Capital Management)))) .)) (TOP (S (NP-SBJ (NP A dollar) (VP invested (NP *) (PP-CLR in (NP the stock market)) (PP-TMP in (NP 1926)))) (VP would (VP have (VP grown (PP-DIR to (NP $ 473.29 *U*)) (PP-TMP by (NP (NP the end) (PP of (NP last June)))) , (PP according (PP to (NP (NP Laurence Siegel) , (NP (NP managing director) (PP-LOC at (NP Ibbotson Associates Inc))))))))) .)) (TOP (S But (S (NP-SBJ (NP a dollar) (VP invested (NP *) (PP-CLR in (NP long-term bonds)) (PP-TMP in (NP 1926)))) (VP would (VP have (VP grown (PP-DIR to (NP (QP only $ 16.56) *U*)))))) , and (S (NP-SBJ (NP a dollar) (VP put (NP *) (PP-PUT in (NP Treasury bills)))) (VP would (VP equal (NP a meager $ 9.29 *U*)))) .)) (TOP (X (X-ADV (X The longer) (NP the time period)) , (X the less) (NP (NP risk) (SBAR (WHNP-2 0) (S (NP-SBJ there) (VP is (NP-PRD *T*-2)))) (PP of (S-NOM (NP-SBJ *) (VP losing (NP money) (PP-LOC in (NP the stock market)))))) .)) (TOP (S (PP-TMP Over (NP time)) , (NP-SBJ the odds) (VP (ADVP increasingly) favor (NP (NP the investor) (PP with (NP a diversified portfolio)))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ (NP Ken Gregory) , (NP a San Francisco money manager) ,) (VP calculates (SBAR that (S (SBAR-ADV if (S (NP-SBJ an investor) (VP holds (NP (NP a basket) (PP of (NP stocks)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP tracks (NP (NP the Standard & Poor 's) 500-stock index)))))))) , (NP-SBJ (NP the chance) (PP of (S-NOM (NP-SBJ *) (VP losing (NP money))))) (VP is (NP-PRD (NP (QP 3 % to 4 %) *U*) (PP over (NP a 10-year period))) , (PP compared (PP with (NP (NP (NP 15 %) (PP over (NP three years))) and (NP (NP 30 %) (PP over (NP one year)))))))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ you) (VP do n't (VP need (NP the money) (PP-TMP for (NP 10 years)))))) , (NP-SBJ there) (VP 's (NP-PRD (NP a clear-cut case) (PP for (S-NOM (NP-SBJ *) (VP sticking (PP-CLR to (NP (NP a steady core) (PP of (NP stocks)))))))))) , '' (NP-SBJ Mr. Gregory) (VP says (S *T*-1)) .)) (TOP (SINV (S-TPC-3 (NP-SBJ-2 Stock-market investments) (ADVP also) (VP help (S (NP-SBJ *-2) (VP balance (NP (NP the other assets) (SBAR (WHNP-1 0) (S (NP-SBJ an individual) (VP owns (NP *T*-1))))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP John Blankenship Jr.) , (NP (NP president) (PP of (NP (NP the Institute) (PP of (NP Certified Financial Planners)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Stocks) (VP have (NP (NP a place) (PP-LOC in (NP (NP an investors ') portfolio))) (PP along (PP with (NP (NP real estate) , (NP bonds) , (NP international securities) and (NP cash)))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ There) (VP are (NP-PRD some important caveats))) : (S (S-TPC-1 (PP-TMP Before (S-NOM (NP-SBJ *) (VP investing (PP-CLR in (NP stocks))))) , (NP-SBJ individuals) (VP should (VP have (NP (NP (NP (QP at least three to six) months) (PP of (NP living expenses))) (VP set (NP *) (ADVP-CLR aside) (PP-LOC in (NP the bank))))))) , (NP-SBJ most investment advisers) (VP say (SBAR 0 (S *T*-1)))) .)) (TOP (S (NP-SBJ Individuals) (ADVP also) (VP should (VP focus (PP-CLR on (S-NOM (NP-SBJ *) (VP building (NP (NP (NP equity) (PP-LOC in (NP a home)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP provides (NP (NP some protection) (PP against (NP inflation))))))) , (CONJP as well as) (NP (NP a nest-egg) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP can (VP be (VP cashed (NP *-1) (PRT in) (ADVP-TMP late (PP in (NP life))) (S-PRP (NP-SBJ-4 *-1) (VP to (VP help (S (NP-SBJ *-4) (VP cover (NP (NP the cost) (PP of (NP retirement living)))))))))))))))))))) .)) (TOP (S (NP-SBJ People) (ADVP also) (VP should n't (VP invest (NP (NP money) (SBAR *ICH*-1)) (PP-CLR in (NP stocks)) (SBAR-1 (WHNP-2 that) (S (NP-SBJ they) (VP 'll (VP need (NP *T*-2) (PP-TMP in (NP the near future)) -- (PP for (NP example)) , (PP-CLR for (NP (NP college tuition payments) or (NP retirement expenses))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-1 You) (VP may (VP have (S (NP-SBJ *-1) (VP to (VP sell (NP your stocks) (PP-TMP at (NP (NP a time) (SBAR (WHADVP-2 when) (S (NP-SBJ the market) (VP takes (NP a plunge) (ADVP-TMP *T*-2)))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Mr. Blankenship) , (NP a (NAC-LOC Del Mar , Calif.) financial planner)) .)) (TOP (SINV (S-TPC-3 But (SBAR-TMP once (S (NP-SBJ-1 the basics) (VP are (VP covered (NP *-1))))) , `` (ADVP-TMP then) (NP-SBJ-2 I) (VP would (VP start (S (NP-SBJ *-2) (VP to (VP invest , (SBAR-ADV even if (S (NP-SBJ it) (VP 's (NP-PRD (NP as little) (PP as (NP $ 1,000 *U*)))))))))))) , '' (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP Michael Lipper) , (NP (NP president) (PP of (NP Lipper Analytical Services Inc)))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ individuals) (VP should (VP consider (NP not (NP just stocks) , but (NP (NP other long-term investments) , (PP such as (NP high-quality bonds))))))))) .)) (TOP (S (PP Despite (NP (NP the strong case) (PP for (NP stocks)))) , (ADVP however) , (NP-SBJ most pros) (VP warn (SBAR that (S (NP-SBJ-1 individuals) (VP should n't (VP try (S (NP-SBJ *-1) (VP to (VP profit (PP-CLR from (NP short-term developments)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (ADJP-PRD very difficult (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-2)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Donald Holt) , (NP (NP a market strategist) (PP for (NP (NP Wedbush Morgan Securities) , (NP a Los Angeles brokerage firm))))) .)) (TOP (S `` (S (NP-SBJ Our markets) (VP move (ADVP-MNR (ADVP so fast) (SBAR *RNR*-2)))) and (S (NP-SBJ they) (VP are (ADJP-PRD (ADVP so volatile) (SBAR *RNR*-2)))) , (SBAR-2 0 (S (NP-SBJ there) (VP 's (NP-PRD (NP no way) (SBAR (WHADVP-1 0) (S (NP-SBJ the average investor) (VP can (VP compete (PP-CLR with (NP the pros)) (ADVP-MNR *T*-1))))))))) . '')) (TOP (S (NP-SBJ Individual investors) (VP face (NP (NP high transaction costs) (PP of (S-NOM (NP-SBJ *) (VP moving (UCP-DIR (ADVP in) and (PP out (PP of (NP the market))))))))) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ (NP The cost) (PP of (S-NOM (NP-SBJ *) (VP executing (NP stock orders))))) (VP varies (PP (PP (PP from (NP brokerage)) (PP to (NP brokerage))) and (PP with (NP (NP the size) (PP of (NP the order))))))) , but (S (NP-SBJ (NP 2 %) (PP of (NP (NP the order 's) value))) (VP is (NP-PRD an average)))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Stephen Boesel) , (NP (NP manager) (PP of (NP (NP T. Rowe Price 's) Growth and Income mutual fund)))) .)) (TOP (S And (S-ADV (NP-SBJ *) (VP assuming (SBAR 0 (S (NP-SBJ their first investment) (VP is (ADJP-PRD successful)))))) , (NP-SBJ-1 investors) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP pay (NP (NP taxes) (PP on (NP their gains)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ That) (VP can (VP reduce (NP returns) (PP-EXT by (NP a third (QP or more))) , (SBAR-TMP once (S (NP-SBJ-1 local taxes) (VP are (VP included (NP *-1)))))))) , (NP-SBJ Mr. Lipper) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (S (PP-TMP After (NP that)) , (NP-SBJ individual traders) (VP face (NP the risk (SBAR that (S (NP-SBJ (NP the new investment) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP choose (NP *T*-2))))) (VP wo n't (VP perform (ADVP-MNR well)))))))) -- so (S (NP-SBJ-1 their trading costs) (VP could (VP be (VP sustained (NP *-1) (PP-PRP for (NP nothing)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's (ADJP-PRD very tough) (SBAR-1 for (S (NP-SBJ most individuals) (VP to (VP out-trade (NP (NP the mutual funds) or (NP the market)))))))) , '' (VP says (S *T*-2)) (NP-SBJ Mr. Lipper) .)) (TOP (S `` (NP-SBJ You) (VP should (VP (ADVP really) think (ADVP-TMP twice) (SBAR-ADV if (S (NP-SBJ you) (VP think (SBAR 0 (S (NP-SBJ you) (VP can (VP out-smart (NP the system)))))))))) . '')) (TOP (S (ADVP Then) , (ADVP too) , (NP-SBJ many individual investors) (VP lack (NP (NP the sturdy emotional makeup) (SBAR (WHNP-2 0) (S (NP-SBJ professionals) (VP say (SBAR 0 (S (NP-SBJ-1 *T*-2) (VP is (VP needed (NP *-1) (S-PRP-CLR (NP-SBJ *) (VP to (VP plunge (UCP-DIR (ADVP in) and (PP out (PP of (NP the market)))))))))))))))) .)) (TOP (SBARQ (ADVP So) (WHNP-1 what) (SQ (NP-SBJ *T*-1) (VP 's (NP-PRD (NP the best way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP buy (NP stocks) (ADVP-MNR *T*-2)))))))) ?)) (TOP (SINV `` (S-TPC-2 (SBAR-ADV Unless (S (NP-SBJ an individual) (VP has (NP (NP a minimum) (PP of (NP (QP between $ 50,000 and $ 100,000) *U*)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP invest (PP-CLR in (NP stocks)))))))))) , (NP-SBJ he) (VP 's (ADVP still) (ADJP-PRD (ADJP better off (PP-LOC in (NP mutual funds))) (PP than (PP-LOC in (NP individual stocks)))) , (PP in (NP (NP terms) (PP of (S-NOM (NP-SBJ *) (VP getting (NP (NP enough attention) (PP from (NP a competent broker)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ Mr. Lipper) .)) (TOP (S-2 (S-TPC-1 (ADVP Still) (PRN , (S (NP-SBJ he) (VP adds (SBAR 0 (S *T*-2)))) ,) `` (NP-SBJ I) (VP could (VP see (S (NP-SBJ *) (VP owning (NP both))) , (PP given (SBAR that (S (NP-SBJ individuals) (ADVP-TMP often) (VP have (NP (NP an advantage) (PP over (NP big investors)) (PP in (S-NOM (NP-SBJ *) (VP spotting (NP special situations))))) (S-ADV (NP-SBJ *) (PP-PRD based (PP on (NP their own insights))))))))))) , '' (NP-SBJ he) (VP adds (S *T*-1)) .)) (TOP (S (NP-SBJ (NP George Douglas) , (NP (NP first vice president) (PP-LOC at (NP Drexel Burnham Lambert Inc.))) ,) (VP says (SBAR that (S (NP-SBJ individuals) (VP have (NP a particular edge) (ADVP-TMP now) (PP-LOC in (NP (NP `` (NP (ADJP small to medium-size) niche companies) (PP with (NP exciting earnings prospects)) '') (PRN -- (NP (NP a traditional stomping ground) (PP for (NP small investors)))))))))) .)) (TOP (S (NP-SBJ-2 (NP This growth sector) , (SBAR (WHNP-1 which) (S (ADVP usually) (NP-SBJ *T*-1) (VP carries (NP (NP a price/earnings multiple) (NP (NP (QP about twice) that) (PP of (NP (NP the Standard & Poor 's) 500))))))) ,) (VP happens (S (NP-SBJ *-2) (VP to (VP include (NP (NP some) (PP of (NP (NP the market 's) (ADJP most attractive) bargains))) (ADVP-TMP right now))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (ADVP-TMP now) (VP selling (PP-CLR at (NP (NP a multiple) (ADJP about even (PP with (NP the market)))))))) , '' (VP says (S *T*-1)) (NP-SBJ Mr. Douglas) .)) (TOP (S (ADVP Moreover) , (NP-SBJ Mr. Douglas) (VP sees (NP (NP a revival) (PP of (NP institutional interest)) (PP-LOC in (NP smaller growth stocks)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP boost (NP (NP the performance) (PP of (NP these stocks))) (PP-TMP in (NP the medium term)))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Many big Wall Street brokerage firms) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP eliminated (NP (NP their research effort) (PP-LOC in (NP (NP stocks) (PP of (NP emerging growth companies))))) (ADVP-TMP (NP a few years) ago))))) (VP are (ADVP-TMP now) (VP resuming (NP (NP coverage) (PP of (NP this area)))))) , (NP-SBJ he) (VP notes (SBAR 0 (S *T*-2))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP 're (VP seeing (NP (NP a real turnaround) (PP in (NP (NP interest) (PP in (NP small growth stocks)))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ The pros) (VP (ADVP-MNR strenuously) advise (NP-1 individuals) (S (NP-SBJ *-1) (VP to (VP stay (ADVP-LOC away (PP from (NP the latest investment fad))))))) .)) (TOP (S (NP-SBJ They) (VP say (SBAR 0 (S (NP-SBJ that) (VP 's (ADJP-PRD especially important) (ADVP-TMP this late (PP in (NP (NP the growth phase) (PP of (NP the economic cycle))))) , (SBAR (WHADVP-2 when) (S (NP-SBJ there) (VP 's (NP-PRD-1 no robust bull market) (S-CLR (NP-SBJ *-1) (VP to (VP bail (NP investors) (PP-CLR out (PP of (NP their mistakes)))))) (ADVP-TMP *T*-2)))))))) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ (NP Friday 's) correction) (VP presents `` (NP a (ADJP pretty good) buying opportunity))) , but (S (NP-SBJ *) (VP let (NP-SBJ 's) not (VP speculate (PP-TMP at (NP (NP this point) (PP-LOC in (NP the business cycle)))))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Carmine Grigoli) , (NP (NP chief equity portfolio strategist) (PP-LOC at (NP First Boston Corp)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ *) (VP Buy (NP stocks) (PP on (NP (NP weakness) (PP for (NP their long-term fundamentals)))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S-1 (PP In (NP the long run)) (PRN , (S (NP-SBJ investment advisers) (VP say (SBAR 0 (S *T*-1)))) ,) (NP-SBJ most investors) (VP will (VP be (ADJP-PRD better off (S (NP-SBJ *) (VP using (NP (NP the dollar-cost averaging method) (PP of (S-NOM (NP-SBJ *) (VP buying (NP stocks)))))))))) .)) (TOP (S (PP-LOC In (NP this method)) , (NP-SBJ a person) (VP invests (NP a regular amount) (NP-TMP every month or quarter) (PP-CLR into (NP the stock market)) (SBAR-ADV whether (S (NP-SBJ the market) (VP is (ADVP-PRD up or down))))) .)) (TOP (S (S-TPC-1 (NP-SBJ That) (VP cuts (NP the risk))) , (NP-SBJ (NP Mr. Gregory) , (NP the San Francisco money manager) ,) (VP points (PRT out) (S *T*-1)) .)) (TOP (S `` (S-TPC-3 (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the market) (VP is (ADJP-PRD low) (ADVP-TMP *T*-1)))) , (NP-SBJ you) (VP are (VP buying (NP more shares)))) , and (S (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ it) (VP 's (ADJP-PRD high) (ADVP-TMP *T*-2)))) , (NP-SBJ you) (VP 're (VP buying (NP fewer shares))))) , '' (NP-SBJ he) (VP says (S *T*-3)) .)) (TOP (S (S-TPC-3 (ADVP Otherwise) , (SBAR-ADV if (S (NP-SBJ you) (VP put (NP all your money) (PRT in) (PP-TMP at (NP one time))))) , (PP by (NP (ADJP sheer bad) luck)) , (NP-SBJ-1 you) (VP might (VP (VP pick (NP a terrible time)) , and (VP have (S (NP-SBJ-2 *-1) (VP to (VP wait (NP-TMP three years) (S (NP-SBJ *-2) (VP to (VP get (ADVP-PRD even))))))))))) , (NP-SBJ Mr. Gregory) (VP says (SBAR 0 (S *T*-3))) .)) (TOP (S (S-TPC-1 (NP-SBJ A disciplined program) (VP will (VP work (NP-MNR the best)))) , (NP-SBJ Mr. Boesel) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ (NP One) (PP of (NP (NP the hardest things) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1)))))))) (VP is (S-PRD (NP-SBJ *) (VP to (VP buy (NP stocks) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the market) (VP is (ADVP-PRD down) (ADVP-TMP *T*-2))))))))) , '' (NP-SBJ he) (VP says (S *T*-3)) .)) (TOP (S `` But (NP-SBJ that) (VP 's (NP-PRD (ADVP just) (NP the time) (SBAR (WHADVP-1 when) (S (NP-SBJ you) (VP should (VP be (VP buying (NP them) (ADVP-TMP *T*-1)))))))) . '')) (TOP (NP (NP Compound annual returns) , (PP including (NP (NP price changes) and (NP (NP income) (PP from (NP interest and dividends))))))) (TOP (X (X *) (NP (NP Actual performance) , (VP not annualized (NP *))))) (TOP (NP (NP Source) : (NP Ibbotson Associates Inc .))) (TOP (S (NP-SBJ-2 (NP The following issues) (NP *ICH*-3)) (VP were (ADVP-TMP recently) (VP filed (NP *-2) (PP-CLR with (NP the Securities and Exchange Commission)) : (NP-3 (NP Gehl Co.) , (NP (NP initial public offering) (PP of (NP (NP (NP (QP two million) shares) (PP of (NP common stock))) , (SBAR (WHPP-4 of (WHNP which)) (S (S (NP-SBJ-1 (NP 1,450,635 shares) (PP *T*-4)) (VP are (VP being (VP offered (NP *-1) (PP-5 by (NP-LGS the company)))))) and (S (NP-SBJ=1 (NP 549,365 shares) (PP *T*-4)) (PP=5 by (NP-LGS holders))) , (PP-MNR via (NP (NP Blunt , Ellis & Loewi Inc.) and (NP Robert W. Baird & Co))))))))))) .)) (TOP (NP (NP Giant Industries Inc.) , (NP (NP initial public offering) (PP of (NP (NP 3,111,000 common shares) , (SBAR (WHPP-2 of (WHNP which)) (S (S (NP-SBJ-1 (NP 2,425,000) (PP *T*-2)) (VP will (VP be (VP sold (NP *-1) (PP-3 by (NP-LGS the company)))))) , and (S (NP-SBJ=1 (NP the rest) (PP *T*-2)) (PP=3 by (NP-LGS holders))) , (PP-MNR via (NP (NP Shearson Lehman Hutton Inc.) and (NP Hanifen , Imhoff Inc)))))))) .)) (TOP (NP (NP Inefficient-Market Fund Inc.) , (NP (NP initial offering) (PP of (NP (QP five million) common shares))) , (PP-MNR via (NP Smith Barney , Harris Upham & Co)) .)) (TOP (NP (NP Jason Overseas Ltd.) , (NP (NP initial offering) (PP of (NP (NP (QP four million) common shares) , (SBAR (WHPP-2 of (WHNP which)) (S (S (NP-SBJ-1 (NP 3.2 million) (PP *T*-2)) (VP will (VP be (VP sold (NP *-1) (PP-LOC-3 in (NP the U.S.)))))) , and (S (NP-SBJ=1 (NP the balance) (PP *T*-2)) (PP-LOC=3 outside (NP the U.S.))) , (PP-MNR via (NP (NP Smith Barney , Harris Upham & Co.) and (NP Mabon , Nugent & Co)))))))) .)) (TOP (S (NP-SBJ (NP Donald Trump) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP faced (NP (NP rising doubt) (PP about (NP (NP his bid) (PP for (NP American Airlines parent AMR Corp.))))) (SBAR-TMP even before (S (NP-SBJ a United Airlines buy-out) (VP came (ADVP-CLR apart) (NP-TMP Friday))))))) ,) (VP withdrew (NP his (ADJP (QP $ 7.54 billion) *U*) offer)) .)) (TOP (S (ADVP Separately) , (NP-SBJ (NP bankers) (VP representing (NP (NP the group) (VP trying (S (NP-SBJ *) (VP to (VP buy (NP (NP United 's) parent UAL Corp.)))))))) (VP met (PP-CLR with (NP other banks)) (PP-CLR about (S-NOM (NP-SBJ *) (VP reviving (NP that purchase) (PP-CLR at (NP (NP a lower price) , (NP (NP (NP possibly (QP around $ 250) *U*) (NP-ADV a share)) , or (NP (QP $ 5.65 billion) *U*)))))))) .)) (TOP (S But (NP-SBJ a lower bid) (VP could (VP face (NP (NP rejection) (PP by (NP the UAL board))))) .)) (TOP (S (NP-SBJ (NP Mr. Trump) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP vowed (NP-TMP Wednesday) (S (NP-SBJ *-2) (VP to (VP `` go (ADVP-DIR forward) '' (PP-CLR with (NP the bid)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP was (VP dropping (NP it) (PP `` in (NP (NP light) (PP of (NP (NP the recent change) (PP-LOC in (NP market conditions))))))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP might (ADVP-TMP now) (VP (VP sell (NP his AMR stake)) , (VP buy (NP more shares)) , or (VP make (NP another offer) (PP at (NP a lower price)))))))) .)) (TOP (S (NP-SBJ The Manhattan real-estate developer) (VP acted (SBAR-TMP after (S (NP-SBJ-3 the UAL buyers) (VP failed (S (NP-SBJ *-3) (VP to (VP obtain (NP (NP financing) (PP for (NP (NP their earlier (ADJP $ 300-a-share *U*) bid ) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP sparked (NP (NP a selling panic) (PP among) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP snowballed (PP into (NP (NP a 190-point drop) (NP-TMP Friday) (PP-LOC in (NP the Dow Jones Industrial Average))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP News) (PP about (NP (NP UAL and AMR) , (SBAR (WHNP-2 whose shares) (S (NP-SBJ *T*-2) (VP (ADVP-TMP never) reopened (SBAR-TMP after (S (NP-SBJ-1 trading) (VP was (VP halted (NP *-1) (NP-TMP Friday) (PP-PRP for (NP the UAL announcement))))))))) ,))) (VP sent (S (NP-SBJ both stocks) (VP nosediving (PP-LOC in (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange))))))) .)) (TOP (S (S (NP-SBJ UAL) (VP tumbled (NP-EXT $ 56.875 *U*) (PP-DIR to (NP $ 222.875 *U*)) (PP-DIR on (NP (NP volume) (PP of (NP (QP 2.3 million) shares)))))) , and (S (NP-SBJ AMR) (VP declined (PP-EXT by (NP $ 22.125 *U*)) (PP-DIR to (NP $ 76.50 *U*)) (SBAR-TMP as (S (NP-SBJ (QP 4.7 million) shares) (VP changed (NP hands)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADVP-PRD Together)) , (NP-SBJ-1 the two stocks) (VP (VP wreaked (NP-CLR havoc) (PP-CLR among (NP takeover stock traders))) , and (VP caused (NP (NP a (ADJP 7.3 %) drop) (PP-LOC in (NP the Dow Jones Transportation Average)) , (ADJP second (PP in (NP size)) (PP only to (NP (NP the stock-market crash) (PP of (NP (NP Oct. 19) , (NP 1987))))))))) .)) (TOP (S (NP-SBJ Some) (VP said (SBAR 0 (S (NP-SBJ (NP Friday 's) market debacle) (VP had (VP given (NP Mr. Trump) (NP an excuse (S (NP-SBJ *) (VP to (VP bail (PP-CLR out (PP of (NP (NP an offer) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP showed (NP (NP signs) (PP of (NP stalling))) (SBAR-TMP even before (S (NP-SBJ (NP problems) (PP *ICH*-2)) (VP emerged (PP-2 with (NP the UAL deal)))))))))))))))))))) .)) (TOP (S (PP-TMP After (S-NOM (NP-SBJ *) (VP reaching (NP (NP an intraday high) (PP of (NP $ 107.50 *U*))) (NP-TMP (NP (NP the day) (SBAR (WHADVP-1 0) (S (NP-SBJ Mr. Trump) (VP disclosed (NP his bid) (ADVP-TMP *T*-1))))) (NP Oct. 5))))) , (NP-SBJ (NP AMR 's) stock) (VP had (VP retreated (ADVP-CLR (ADVP as low) (PP as (NP $ 97.75 *U*))) (NP-TMP last week))) .)) (TOP (S (NP-SBJ Some takeover stock traders) (VP had (VP been (VP betting (PP against (NP Mr. Trump)) (SBAR-PRP because (S (NP-SBJ he) (VP has (NP (NP a record) (PP of (S-NOM (NP-SBJ *) (VP disclosing (NP (NP stakes) (PP-LOC in (NP (NP companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (NP-PRD potential takeover targets))))))))) , then (S-NOM (NP-SBJ *) (VP selling (PP-CLR at (NP a profit)) (PP-MNR without (S-NOM (NP-SBJ *) (VP making (NP a bid)))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ He) (ADVP still) (VP has n't (VP proven (NP-PRD (NP his mettle) (PP as (NP a big-league take-out artist)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP airline analyst Kevin Murphy) (PP of (NP Morgan Stanley & Co))) .)) (TOP (S `` (NP-SBJ He) (VP 's (VP done (NP (NP this thing) (SBAR (WHADVP-1 where) (S (NP-SBJ he) (VP 'll (VP (VP buy (NP (NP a little bit) (PP of (NP a company)))) and (VP (ADVP then) trade (PP out (PP of (NP it)))) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (NP-SBJ He) (VP 's (VP written (NP (NP this book) , ` (NP (NP The Art) (PP of (NP the Deal)))))) . ')) (TOP (SBARQ (WHADVP-1 Why) does n't (SQ (NP-SBJ he) (VP (ADVP just) follow (PRT through) (PP-CLR on (NP (NP one) (PP of (NP these things)))) (ADVP-PRP *T*-1))) ? '')) (TOP (S (NP-SBJ Mr. Trump) (VP withdrew (NP his bid) (SBAR-LOC before (S (NP-SBJ (NP the AMR board) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD due (S (NP-SBJ *) (VP to (VP meet (NP-TMP tomorrow)))))))) ,) (VP (ADVP-TMP ever) (ADVP-MNR formally) considered (NP it))))) .)) (TOP (S (NP-SBJ AMR) (VP had (VP weighed (NP (NP (NP a wide range) (PP of (NP possible responses)) , (PP (PP from (NP flat rejection)) (PP to (NP (NP recapitalizations) and (NP leveraged buy-outs))))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP have (VP included (NP either (NP employees) , (NP (NP a friendlier buyer) (PP such as (NP Texas billionaire Robert Bass))) , or (NP both)))))))))) .)) (TOP (S (NP-SBJ-2 AMR) (VP had (ADVP also) (VP sought (S (NP-SBJ *-2) (VP to (VP foil (NP Mr. Trump) (PP-LOC in (NP Congress)) (PP-MNR by (S-NOM (NP-SBJ *) (VP lobbying (PP-CLR for (NP (NP legislation) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP have (VP bolstered (NP (NP the authority (S *ICH*-3)) (PP of (NP the Transportation Department)) (S-3 (NP-SBJ *) (VP to (VP reject (NP airline buy-outs)))))))))))))))))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ-1 Mr. Trump) (VP tried (S (NP-SBJ *-1) (VP to (VP put (NP (NP the blame) (PP for (NP (NP the collapse) (PP of (NP the UAL deal))))) (PP-PUT on (NP Congress))))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ it) (VP was (VP rushing (PP-CLR through (NP a bill (S (NP-SBJ *) (VP to (VP protect (NP AMR executives))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP believe (SBAR that (S (NP-SBJ the perception (SBAR that (S (NP-SBJ-1 (NP legislation) (PP-LOC in (NP this area))) (VP may (VP be (VP (ADVP-MNR hastily) approved (NP *-1))))))) (VP contributed (PP-CLR to (NP (NP (NP the collapse) (PP of (NP the UAL transaction))) , and (NP (NP the resulting disruption) (PP-LOC in (NP the financial markets)) (VP experienced (NP *) (NP-TMP this past Friday)))))))))) , '' (NP-SBJ Mr. Trump) (VP wrote (NP (NP members) (PP of (NP Congress))) (S *T*-2)) .)) (TOP (S (S (NP-SBJ-1 AMR) (VP declined (S (NP-SBJ *-1) (VP to (VP comment))))) , and (S (NP-SBJ Mr. Trump) (VP did n't (VP respond (PP-CLR to (NP (NP requests) (PP for (NP interviews))))))) .)) (TOP (S (NP-SBJ Mr. Trump) (VP (ADVP-TMP never) said (SBAR (SBAR (WHNP-1 (WHADVP how much) AMR stock) (S (NP-SBJ he) (VP had (VP bought (NP *T*-1))))) , (ADVP only) (SBAR that (S (NP-SBJ his holdings) (VP were (ADJP-PRD `` substantial)))))) . '')) (TOP (S (ADVP However) , (NP-SBJ he) (VP (ADVP only) received (NP federal clearance (S (NP-SBJ *) (VP to (VP buy (NP (NP (QP more than $ 15 million) *U*) (PP of (NP the stock))) (PP-TMP on (NP (NP Sept. 20) , (SBAR (WHADVP-1 when) (S (NP-SBJ the price) (VP rose (NP-EXT (NP $ 2 *U*) (NP-ADV a share)) (PP-DIR to (NP $ 78.50 *U*)) (ADVP-TMP *T*-1))))))))))) .)) (TOP (S (PP-TMP Between (UCP (ADVP-TMP then) and (NP (NP his bid) (PP-TMP on (NP Oct. 5))))) , (NP-SBJ the price) (VP fluctuated (PP between (NP (NP $ 75.625 *U*) and (NP $ 87.375 *U*)))) .)) (TOP (S (PP In (NP an attempt (S (NP-SBJ *) (VP to (VP persuade (NP investors) (SBAR that (S (NP-SBJ his bid) (VP was n't (NP-PRD (ADVP just) `` a stock play))))))))) , '' (NP-SBJ-1 Mr. Trump) (VP promised (NP-TMP last week) (S (NP-SBJ-2 *-1) (VP to (VP notify (NP the market) (PP-TMP before (S-NOM (NP-SBJ *-2) (VP selling (NP any shares)))))))) .)) (TOP (S (NP-SBJ AMR) (VP (VP was (VP trading (PP-CLR at (NP (QP around $ 84) *U*)) (NP-TMP yesterday) (PP-TMP before (NP his withdrawal announcement)))) , then (VP (ADVP-TMP immediately) fell (PP-DIR to (NP (QP about $ 76) *U*)))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP (VP Assuming (SBAR that (S (NP-SBJ he) (VP paid (NP (NP a rough average price) (PP of (NP (NP $ 80 *U*) (NP-ADV a share)))))))) , and (VP assuming (SBAR 0 (S (NP-SBJ he) (VP did n't (VP sell (SBAR-TMP before (S (NP-SBJ his announcement) (VP reached (NP the market))))))))))) , (NP-SBJ Mr. Trump) (VP could (VP be (VP sitting (PP with (NP a modest loss)) (PP with (NP (NP the stock) (PP-LOC at (NP $ 76.50 *U*))))))) .)) (TOP (S (NP-SBJ Some analysts) (VP said (SBAR 0 (S (NP-SBJ-1 AMR Chairman Robert Crandall) (VP might (VP seize (NP (NP the opportunity) (VP presented (NP *) (PP by (NP-LGS the stock price drop)))) (S-PRP (NP-SBJ *-1) (VP to (VP protect (NP (NP the nation 's) largest airline) (PP-MNR with (NP (NP a defensive transaction) , (PP such as (NP (NP the sale) (PP of (NP stock)) (PP to (NP (NP a friendly holder) or (NP company employees))))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ other knowledgeable observers) (VP said (SBAR 0 (S (NP-SBJ they) (VP believed (SBAR 0 (S (NP-SBJ-1 (NP Mr. Crandall) and (NP the AMR board)) (VP might (ADVP well) (VP decide (S (NP-SBJ *-1) (VP to (VP tough (NP-CLR it) (PRT out) (PP-MNR without (S-NOM (NP-SBJ *) (VP taking (NP any extra steps))))))))))))))) .)) (TOP (S (NP-SBJ Some analysts) (VP said (SBAR 0 (S (NP-SBJ they) (VP believed (SBAR 0 (S (NP-SBJ (NP Mr. Trump) , (SBAR (WHNP-2 whose towering ego) (S (NP-SBJ-1 *T*-2) (VP had (VP been (VP viewed (NP *-1) (PP by (NP-LGS some)) (PP-CLR as (NP a reason (S (NP-SBJ *) (VP to (VP believe (SBAR 0 (S (NP-SBJ he) (VP would n't (VP back (ADVP-CLR out))))))))))))))) ,) (VP might (VP come (ADVP-CLR back) (PP with (NP a lower bid)))))))))) .)) (TOP (S (NP-SBJ (NP Ray Neidl) (PP of (NP Dillon Read & Co.))) (VP said (SBAR 0 (S (NP-SBJ Mr. Trump) `` (VP is (VP (VP stepping (ADVP-CLR back)) and (VP waiting (SBAR-CLR for (S (NP-SBJ (NP the dust)) (VP to (VP settle)))))))))) .)) (TOP (S (NP-SBJ I) (VP 'm (ADJP-PRD sure (SBAR 0 (S (NP-SBJ he) (ADVP-TMP still) (VP wants (NP AMR)))))) . '')) (TOP (S But (NP-SBJ others) (VP remained (ADJP-PRD skeptical)) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP was (ADVP-TMP never) (ADJP-PRD sure (SBAR 0 (S (NP-SBJ-1 Donald Trump) (VP (ADVP really) wanted (S (NP-SBJ *-1) (VP to (VP take (NP AMR)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP John Mattis) , (NP (NP a bond analyst) (PP with (NP Shearson Lehman Hutton Inc)))) .)) (TOP (S `` (NP-SBJ (SBAR (WHNP-1 What) (S (NP-SBJ *T*-1) (VP happened (PP-CLR with (NP United)))))) (VP was (NP-PRD a gracious way (SBAR for (S (NP-SBJ him) (VP to (VP bow (ADVP-CLR out))))))) . '')) (TOP (S (NP-SBJ Mr. Trump) (ADVP-TMP never) (VP obtained (NP (NP financing) (PP for (NP his bid)))) .)) (TOP (S (NP-SBJ That skepticism) (VP would (VP leave (NP him) (PP-CLR with (NP (NP an (ADJP even greater) credibility problem) (SBAR *ICH*-1))) (SBAR-ADV (SINV should (NP-SBJ he) (VP return))) (SBAR-1 (WHNP-3 that) (S (NP-SBJ *T*-3) (VP would (VP handicap (NP him) (PP-LOC in (NP any effort (S (NP-SBJ *) (VP to (VP oust (NP the board) (PP in (NP a proxy fight))))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 (NP (NP Citicorp) and (NP Chase Manhattan Corp.)) , (NP (NP the two lead lenders) (PP-LOC on (NP the UAL buy-out))) ,) (VP met (PP-CLR with (NP other banks)) (NP-TMP yesterday) (S-PRP (NP-SBJ *-1) (VP to (VP determine (SBAR-ADV if (S (NP-SBJ-2 they) (VP would (VP be (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP finance (NP the buy-out) (PP at (NP a lower price)))))))))))))) .)) (TOP (S (NP-SBJ (NP Officials) (ADJP familiar (PP with (NP the talks)))) (VP (VP said (SBAR 0 (S (NP-SBJ-2 Citicorp) (VP had (VP discussed (S (NP-SBJ *-2) (VP lowering (NP the offer) (PP-DIR to (NP (NP $ 250 *U*) (NP-ADV a share)))))))))) , but (VP said (SBAR (SBAR 0 (S (NP-SBJ that price) (VP was (NP-PRD a talking point)))) and (SBAR that (S (NP-SBJ-1 no decision) (VP has (VP been (VP made (NP *-1))))))))) .)) (TOP (S (PP At (NP (NP $ 250 *U*) (NP-ADV a share))) , (NP-SBJ-1 the group) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP borrow (NP (QP about $ 6.1 billion) *U*) (PP-CLR from (NP banks))))))) .)) (TOP (S (NP-SBJ The first UAL deal) (VP unraveled (SBAR-TMP after (S (NP-SBJ Citibank and Chase) (VP could n't (VP raise (NP (QP $ 7.2 billion) *U*)))))) .)) (TOP (S (NP-SBJ-1 Citibank and Chase) (VP (VP had (VP agreed (S (NP-SBJ *-1) (VP to (VP commit (NP (QP $ 3 billion) *U*)))))) , and (VP said (SBAR 0 (S (NP-SBJ they) (VP were (ADJP-PRD `` highly confident '' (PP of (S-NOM (NP-SBJ *) (VP raising (NP (QP another $ 4.2 billion) *U*)))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADVP-PRD Together)) , (NP-SBJ-1 Citicorp and Chase) (VP received (NP (NP (QP $ 8 million) *U*) (PP in (NP fees))) (S-PRP (NP-SBJ *-1) (VP to (VP raise (NP (NP the rest) (PP of (NP the financing))))))) .)) (TOP (S But (NP-SBJ other banks) (VP balked (PP-CLR at (NP (NP the low (NX (NX interest rate) and (NX banking fees))) (SBAR (WHNP-2 0) (S (NP-SBJ-1 the UAL group) (VP was (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP pay (NP them) (NP *T*-2))))))))))) .)) (TOP (S (NP-SBJ (NP Officials) (ADJP familiar (PP with (NP the bank talks)))) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the UAL buy-out group) (PRN -- (NP (NP UAL pilots ,) (NP management) , and (NP British Airways PLC)) --)) (VP (VP is (ADVP-TMP now) (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP pay (NP higher (NX (NX bank fees) and (NX interest)))))))) , but (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP boost (NP its (ADJP (QP $ 965 million) *U*) equity contribution)))))))))) .)) (TOP (SINV Nor is (NP-SBJ-1 the group) (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP come (PRT forward) (PP-CLR with (NP a revised offer)) (PP-TMP within (NP the next 48 hours)))))) (PP despite (NP (NP the hopes) (PP of (NP many traders)))) .)) (TOP (S (NP-SBJ-1 (NP The group 's) advisers) (VP want (S (NP-SBJ *-1) (VP to (VP make (ADJP-CLR certain (SBAR 0 (S (NP-SBJ they) (VP have (NP firm bank commitments) (NP-TMP the second time around))))))))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ-1 the buy-out group) (VP is (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP obtain (NP financing)))))))) , (NP-SBJ the transaction) (ADVP still) (VP faces (NP obstacles)) .)) (TOP (S (NP-SBJ (NP UAL 's) board) (VP could (VP reject (NP the new price) (PP as (ADJP too low)) , (SBAR-PRP especially since (S (NP-SBJ there) (VP are n't (NP-PRD any competing bids)))))) .)) (TOP (S (NP-SBJ (NP Los Angeles investor Marvin Davis) , (SBAR (WHNP-3 whose (ADJP $ 275-a-share *U*) offer ) (S (NP-SBJ-4 *T*-3) (VP was (VP rejected (NP *-4) (PP by (NP-LGS (NP UAL 's) board)))))) ,) (VP has n't (VP shown (NP (NP signs) (PP of (S-NOM (NP-SBJ *) (VP pursuing (NP (NP a (ADJP $ 300-a-share *U*) back-up bid ) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP made (NP *T*-2) (NP-TMP last month))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP the coalition) (PP of (NP (NP labor and management) , (NP (NP longtime enemies) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP joined (NP forces) (PP-LOC only under (NP (NP the threat) (PP of (NP (NP Mr. Davis 's) bid)))))))))) ,) (VP could (VP break (PRT apart) (ADVP-TMP now))) .)) (TOP (S (NP-SBJ (NP The group 's) resilience) (VP gets (NP its first test) (NP-TMP (NP today) (SBAR (WHADVP-1 when) (S (NP-SBJ 30 top pilot union leaders) (VP convene (PP-LOC outside (NP Chicago)) (PP-LOC in (NP a previously scheduled meeting)) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ Union Chairman F.C . (PRN -LRB- Rick -RRB-) Dubinsky) (VP faces (NP (NP the tough task) (PP of (S-NOM (NP-SBJ *) (VP explaining (SBAR (WHADVP-3 why) (S (NP-SBJ-2 banks) (VP refused (S (NP-SBJ *-2) (VP to (VP finance (NP (NP a buy-out) (SBAR (WHNP-1 0) (S (NP-SBJ the members) (VP approved (NP *T*-1) (ADVP-MNR overwhelmingly) (NP-TMP last week)))))))) (ADVP-PRP *T*-3))))))))) .)) (TOP (S (NP-SBJ-1 The pilot union) (VP is (VP vowing (S (NP-SBJ *-1) (VP to (VP pursue (NP an acquisition) (SBAR-ADV (WHNP-2 whatever) (S (NP-SBJ the board) (VP decides (NP *T*-2))))))))) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ-2 the board) (VP (VP rejects (NP a reduced bid)) and (VP decides (S (NP-SBJ *-2) (VP to (VP explore (NP other alternatives)))))))) , (NP-SBJ it) (VP could (VP transform (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP has (VP been (NP-PRD a harmonious process))))) (PP-CLR into (NP an adversarial one)))) .)) (TOP (S (NP-SBJ-1 The pilots) (VP could (VP play (NP hardball) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP noting (SBAR 0 (S (NP-SBJ they) (VP are (ADJP-PRD crucial (PP to (NP any sale or restructuring))) (SBAR-PRP because (S (NP-SBJ-2 they) (VP can (VP refuse (S (NP-SBJ *-2) (VP to (VP fly (NP the airplanes)))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 they) (VP were (S (NP-SBJ *-2) (VP to (VP insist (PP-CLR on (NP (NP a low bid) (PP of (PRN , (S (NP-SBJ *) (VP say))) (NP (NP $ 200 *U*) (NP-ADV a share))))))))))) , (NP-SBJ-3 the board) (VP might n't (VP be (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP obtain (NP a higher offer) (PP-CLR from (NP other bidders)))))) (SBAR-PRP because (S (NP-SBJ-4 banks) (VP might (VP hesitate (S (NP-SBJ *-4) (VP to (VP finance (NP (NP a transaction) (SBAR (WHNP-1 0) (S (NP-SBJ the pilots) (VP oppose (NP *T*-1)))))))))))))) .)) (TOP (S (ADVP Also) , (SBAR-PRP because (S (NP-SBJ (NP UAL Chairman Stephen Wolf) and (NP other UAL executives)) (VP have (VP joined (NP (NP the pilots ') bid))))) , (NP-SBJ-1 the board) (VP might (VP be (VP forced (S (NP-SBJ *-1) (VP to (VP exclude (NP him) (PP-CLR from (NP its deliberations)) (SBAR-PRP in order (S (NP-SBJ *) (VP to (VP be (ADJP-PRD fair (PP to (NP other bidders))))))))))))) .)) (TOP (S (NP-SBJ That) (VP could (VP cost (NP him) (NP the chance (S (NP-SBJ *) (VP to (VP (VP influence (NP the outcome)) and (VP (ADVP perhaps) join (NP the winning bidder)))))))) .)) (TOP (S (NP-SBJ (NP Influential members) (PP of (NP the House Ways and Means Committee))) (VP introduced (NP (NP legislation) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP would (VP restrict (SBAR (WHADVP-2 how) (S (NP-SBJ the new savings-and-loan bailout agency) (VP can (VP raise (NP capital) (ADVP-MNR *T*-2))))) , (S-ADV (NP-SBJ *-3) (VP creating (NP (NP another potential obstacle) (PP to (NP (NP (NP the government 's) sale) (PP of (NP sick thrifts))))))))))))) .)) (TOP (S (NP-SBJ (NP The bill) , (SBAR (WHNP-2 whose backers) (S (NP-SBJ *T*-2) (VP include (NP (NP Chairman Dan Rostenkowski) (PRN -LRB- (NP D.) , (NP-LOC Ill.) -RRB-))))) ,) (VP would (VP prevent (NP-4 the Resolution Trust Corp.) (PP-CLR from (S-NOM (NP-SBJ *-4) (VP raising (NP temporary working capital)))) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP having (NP (NP an RTC-owned bank or thrift issue debt) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP would n't (VP be (VP counted (NP *-1) (PP-CLR on (NP the federal budget))))))))))))) .)) (TOP (S (NP-SBJ-1 The bill) (VP intends (S (NP-SBJ *-1) (VP to (VP restrict (NP the RTC) (PP-CLR to (NP Treasury borrowings only))))) , (SBAR-ADV unless (S (NP-SBJ the agency) (VP receives (NP specific congressional authorization))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Such agency ` self-help ' borrowing) (VP is (ADJP-PRD (ADJP unauthorized and expensive) , (ADJP (ADJP far more expensive) (PP than (NP direct Treasury borrowing)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP (NP Rep. Fortney Stark) (PRN -LRB- (NP D.) , (NP-LOC Calif.) -RRB-)) , (NP (NP the bill 's) chief sponsor)) .)) (TOP (S (NP-SBJ-1 (NP The complex financing plan) (PP-LOC in (NP the S&L bailout law))) (VP includes (S (NP-SBJ *-1) (VP raising (NP (QP $ 30 billion) *U*) (PP from (NP (NP debt) (VP issued (NP *) (PP by (NP-LGS the (ADJP newly created) RTC)))))))) .)) (TOP (S (NP-SBJ-1 This financing system) (VP was (VP created (NP-2 *-1) (PP-LOC in (NP the new law)) (SBAR-PRP in order (S (NP-SBJ *-2) (VP to (VP keep (NP-3 the bailout spending) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP swelling (NP the budget deficit)))))))))) .)) (TOP (S (NP-SBJ-1 (QP Another $ 20 billion) *U*) (VP would (VP be (VP raised (NP *-1) (PP through (NP (NP Treasury bonds) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP pay (NP lower interest rates))))))))) .)) (TOP (S But (NP-SBJ the RTC) (ADVP also) (VP requires (NP (NP `` working '' capital) (SBAR (WHADVP-4 0) (S (NP-SBJ *) (VP to (VP maintain (ADVP-MNR *T*-4) (NP (NP the bad assets) (PP of (NP (NP thrifts) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP are (VP sold (NP *-1)))))))) , (SBAR-TMP until (S (NP-SBJ-2 the assets) (VP can (VP be (VP sold (NP *-2) (ADVP-MNR separately)))))))))))) .)) (TOP (S (NP-SBJ-2 That debt) (VP would (VP be (VP paid (NP *-2) (PRT off) (SBAR-TMP as (S (NP-SBJ-1 the assets) (VP are (VP sold (NP *-1))))) , (S-ADV (NP-SBJ *) (VP leaving (NP (NP the total spending) (PP for (NP the bailout))) (PP-LOC at (NP (NP (QP $ 50 billion) *U*) , or (NP (NP (QP $ 166 billion) *U*) (PP including (NP (NP interest) (PP over (NP 10 years)))))))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ It) (VP 's (NP-PRD (NP a problem) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (ADVP clearly) (VP has (S (NP-SBJ-1 *-3) (VP to (VP be (VP resolved (NP *-1))))))))))) , '' (VP said (S *T*-4)) (NP-SBJ (NP David Cooke) , (NP (NP executive director) (PP of (NP the RTC)))) .)) (TOP (S (S (NP-SBJ-2 The agency) (VP has (ADVP-TMP already) (VP spent (NP (QP roughly $ 19 billion) *U*) (S-ADV (NP-SBJ *-2) (VP selling (NP 34 insolvent S&Ls)))))) , and (S (NP-SBJ-3 it) (VP is (ADJP-PRD likely (S (NP-SBJ *-3) (VP to (VP sell or merge (NP 600) (PP-TMP by (NP (NP the time) (SBAR (WHADVP-1 0) (S (NP-SBJ the bailout) (VP concludes (ADVP-TMP *T*-1)))))))))))) .)) (TOP (S-2 (S-ADV (ADJP-PRD Absent) (NP-SBJ other working capital)) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-3 the RTC) (VP would (VP be (VP forced (S (NP-SBJ *-3) (VP to (VP delay (NP other thrift resolutions) (SBAR-TMP until (S (NP-SBJ-1 cash) (VP could (VP be (VP raised (NP *-1) (PP-MNR by (S-NOM (NP-SBJ *) (VP selling (NP the bad assets))))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 We) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP wait (SBAR-TMP until (S (NP-SBJ we) (VP have (VP collected (PP-CLR on (NP those assets)))))) (SBAR-TMP before (S (NP-SBJ we) (VP can (VP move (ADVP-DIR forward))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ (NP The complicated language) (PP-LOC in (NP the huge new law))) (VP has (VP muddied (NP the fight))) .)) (TOP (S (NP-SBJ The law) (VP does (VP allow (S (NP-SBJ the RTC) (VP to (VP borrow (PP-CLR from (NP the Treasury)) (NP (QP up to $ 5 billion) *U*) (PP-TMP at (NP any time))))))) .)) (TOP (S (ADVP Moreover) , (S (NP-SBJ it) (VP says (SBAR 0 (S (NP-SBJ (NP the RTC 's) total obligations) (VP may not (VP exceed (NP (QP $ 50 billion) *U*))))))) , but (S (NP-SBJ-1 that figure) (VP is (VP derived (NP *-1) (PP-TMP after (S-NOM (NP-SBJ *) (VP (VP including (NP (NP notes) and (NP other debt))) , and (VP subtracting (PP-CLR from (NP it)) (NP (NP the market value) (PP of (NP (NP the assets) (SBAR (WHNP-2 0) (S (NP-SBJ the RTC) (VP holds (NP *T*-2)))))))))))))) .)) (TOP (S (SINV (S-1 But (NP-SBJ Congress) (VP did n't (VP anticipate or intend (NP more public debt)))) , (VP say (SBAR 0 (S *T*-1))) (NP-SBJ (NP opponents) (PP of (NP (NP the RTC 's) working-capital plan)))) , and (S (NP-SBJ (NP Rep. Charles Schumer) (PRN -LRB- (NP D.) , (NP-LOC N.Y .) -RRB-)) (VP said (SBAR 0 (S (NP-SBJ-2 the RTC Oversight Board) (VP has (VP been (ADJP-PRD remiss (PP in (S-NOM (NP-SBJ *-2) (VP not keeping (S (NP-SBJ Congress) (ADJP-PRD informed)))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ That secrecy) (VP leads (PP-CLR to (NP (NP a proposal) (PP like (NP (NP the one) (PP from (NP Ways and Means)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP seems (PP to (NP me)) (ADJP-PRD (ADVP sort of) draconian)))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S `` (NP-SBJ-1 The RTC) (VP is (VP going (S (NP-SBJ-2 *-1) (VP to (VP have (S (NP-SBJ *-2) (VP to (VP pay (NP (NP a price) (PP of (NP (NP prior consultation) (PP on (NP the Hill))))))))))) (SBAR-ADV if (S (NP-SBJ they) (VP want (NP (NP that kind) (PP of (NP flexibility)))))))) . '')) (TOP (S (NP-SBJ The Ways and Means Committee) (VP will (VP hold (NP (NP a hearing) (PP on (NP the bill))) (NP-TMP next Tuesday))) .)) (TOP (S (NP-SBJ-1 We) (VP 're (VP about (S (NP-SBJ *-1) (VP to (VP see (SBAR if (S (NP-SBJ advertising) (VP works)))))))) .)) (TOP (S (ADVP Hard (PP on (NP (NP the heels) (PP of (NP (NP (NP Friday 's) 190-point stock-market plunge) and (NP (NP the uncertainty) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (VP followed)))))))))) , (NP-SBJ a few big brokerage firms) (VP are (VP (VP rolling (PRT out) (NP (NP new ads) (VP trumpeting (NP (NP a familiar message) : (S (S (NP-SBJ-2 *) (VP Keep (PRT on) (S-ADV (NP-SBJ *-2) (VP investing)))) , (S (NP-SBJ the market) (VP 's (ADJP-PRD just fine)))))))))) .)) (TOP (S (NP-SBJ Their mission) (VP is (S-PRD (NP-SBJ *) (VP to (VP keep (NP-1 clients) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP fleeing (NP the market) , (SBAR-ADV as (S (NP-SBJ individual investors) (VP did (PP in (NP droves)) (PP-TMP after (NP (NP the crash) (PP-TMP in (NP October)))))))))))))))) (TOP (S (PP-TMP (NP-ADV Just days) after (NP the 1987 crash)) , (NP-SBJ major brokerage firms) (VP rushed (PRT out) (NP ads) (S-PRP (NP-SBJ *) (VP to (VP calm (NP investors))))) .)) (TOP (S (NP-TMP (NP This time) (ADVP around)) , (NP-SBJ they) (VP 're (VP moving (ADVP even faster))) .)) (TOP (S (NP-SBJ PaineWebber Inc.) (VP (VP filmed (NP a new television commercial) (PP-TMP at (NP 4 p.m. EDT)) (NP-TMP yesterday)) and (VP had (NP it) (PP-LOC-CLR on (NP the air)) (PP-TMP by (NP last night)))) .)) (TOP (S (NP-SBJ Fidelity Investments) (VP (VP placed (NP new ads) (PP-LOC in (NP newspapers)) (NP-TMP yesterday)) , and (VP wrote (NP (NP another new ad) (VP appearing (NP-TMP today))))) .)) (TOP (S (NP-SBJ Shearson Lehman Hutton Inc.) (PP-TMP by (NP yesterday afternoon)) (VP had (ADVP already) (VP written (NP new TV ads))) .)) (TOP (S (NP-SBJ-2 It) (VP (VP considered (S-ADV (NP-SBJ *-2) (VP running (NP them) (PP-TMP during (NP (NP tomorrow night 's) World Series broadcast))))) but (VP decided (S (NP-SBJ *-2) not (VP to (VP *?*))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the market) (VP recovered (NP-TMP yesterday) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP Other brokerage firms) , (PP including (NP Merrill Lynch & Co.)) ,) (VP were (VP plotting (PRT out) (NP potential new ad strategies))) .)) (TOP (S (NP-SBJ The brokerage firms) (VP learned (NP a lesson) (NP-TMP (NP the last time) (ADVP around) , (SBAR (WHADVP-1 when) (S (NP-SBJ frightened investors) (VP (VP flooded (NP the phone lines)) and (VP fled (NP the market) (PP-MNR in (NP a panic))) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-TMP This time) , (NP-SBJ the firms) (VP were (ADJP-PRD ready)) .)) (TOP (S (NP-SBJ Fidelity) , (PP for (NP example)) , (VP prepared (NP ads) (ADVP-TMP (NP several months) ago) (PP in (NP (NP case) (PP of (NP a market plunge))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the market) (VP went (PP-CLR into (NP its free fall)) (ADVP-TMP *T*-1) (NP-TMP Friday afternoon)))) , (NP-SBJ the investment firm) (VP ordered (NP (NP full pages) (PP-LOC in (NP (NP the Monday editions) (PP of (NP (QP half a dozen) newspapers)))))) .)) (TOP (S (NP-SBJ The ads) (VP touted (NP (NP Fidelity 's) automated 800-number) (PP beneath (NP (NP the huge headline) , `` (S-TTL (NP-SBJ Fidelity) (VP Is (ADJP-PRD Ready (PP For (NP Your Call)))))))) . '')) (TOP (S (NP-SBJ A Fidelity spokesman) (VP says (SBAR 0 (S (NP-SBJ (NP the 800-line) , (SBAR (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP already) (VP was (VP operating)))) but (SBAR (WHNP-2 which) (S (NP-SBJ many clients) (VP did n't (VP know (PP-CLR about (NP *T*-2))))))) ,) (VP received (NP (NP (QP about double) the usual volume) (PP of (NP calls))) (PP-TMP over (NP the weekend)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP A lot) (PP of (NP investor confidence))) (VP comes (PP-DIR from (NP the fact (SBAR that (S (NP-SBJ they) (VP can (VP speak (PP-DIR to (NP us)))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (S-SBJ (NP-SBJ *) (VP To (VP maintain (NP that dialogue)))) (VP is (ADJP-PRD absolutely crucial)) .)) (TOP (S (NP-SBJ It) (VP would (VP have (VP been (ADJP-PRD too late (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP think (PP-CLR about (NP *T*-1))))))) (PP-TMP on (NP Friday))))) .)) (TOP (S (NP-SBJ-1 We) (VP had (S (NP-SBJ *-1) (VP to (VP think (PP-CLR about (NP it)) (ADVP-TMP ahead (PP of (NP time))))))) . '')) (TOP (S (NP-SBJ-1 (NP Today 's) Fidelity ad) (VP goes (NP (NP a step) (ADVP further)) , (S-ADV (NP-SBJ *-1) (VP encouraging (S (NP-SBJ investors) (VP (VP to (VP stay (PP-LOC in (NP the market)))) or (VP (ADVP even) to (VP plunge (PRT in) (PP with (NP Fidelity))))))))) .)) (TOP (S (PP Underneath (NP (NP the headline) `` (NP Diversification))) , '' (NP-SBJ it) (VP counsels , `` (S (PP Based (PP on (NP (NP the events) (PP of (NP the past week))))) , (NP-SBJ-1 all investors) (VP need (S (NP-SBJ *-1) (VP to (VP know (SBAR 0 (S (NP-SBJ-2 their portfolios) (VP are (VP balanced (NP *-2) (S-PRP (NP-SBJ-3 *) (VP to (VP help (S (NP-SBJ *-3) (VP protect (NP them) (PP-CLR against (NP (NP the market 's) volatility))))))))))))))))) . '')) (TOP (S (NP-SBJ-1 It) (VP goes (ADVP-CLR on) (S (NP-SBJ *-1) (VP to (VP plug (NP a few diversified Fidelity funds) (PP by (NP name)))))) .)) (TOP (S (NP-SBJ-1 PaineWebber) (ADVP also) (VP was (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP gear (PRT up) (ADVP-MNR quickly))))) (NP-ADV (NP thanks) (PP to (NP the 1987 crash)))) .)) (TOP (S (PP-TMP In (NP (NP the aftermath) (PP of (NP the 1987 debacle)))) , (NP-SBJ-1 the brokerage firm) (VP began (S (NP-SBJ *-1) (VP taping (NP commercials) (ADVP-LOC in-house))) , (S-ADV (NP-SBJ *-1) (ADVP ultimately) (VP getting (NP its timing) (PRT down) (ADVP fast enough (S (NP-SBJ *) (VP to (VP (VP tape (NP a commercial) (SBAR-TMP after (S (NP-SBJ the market) (VP closed)))) and (VP rush (NP it) (PP-LOC on (NP the air)) (NP-TMP that night))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP negotiated (NP (NP an arrangement) (PP with (NP Cable News Network)) (SBAR (WHPP-2 under (WHNP which)) (S (NP-SBJ-1 CNN) (VP would (VP agree (S (NP-SBJ *-1) (VP to (VP air (NP its last-minute creations)))) (PP-LOC *T*-2))))))) .)) (TOP (S (NP-SBJ (NP The new PaineWebber commercial) , (VP created (NP *) (PP with (NP ad agency Saatchi & Saatchi Co.))) ,) (VP features (NP (NP Mary Farrell) , (NP (NP one) (PP of (NP the (NP firm 's) (ADJP most visible) investment strategists))) , (VP sounding (ADJP-PRD particularly bullish)))) .)) (TOP (S (S-ADV (NP-SBJ-1 *) (VP Taped (NP *-1) (SBAR-TMP just as (S (NP-SBJ the market) (VP closed (NP-TMP yesterday)))))) , (NP-SBJ it) (VP offers (NP (NP Ms. Farrell) (VP advising , `` (S (NP-SBJ We) (VP view (NP-2 the market) (ADVP-LOC here) (PP-CLR as (S-NOM (NP-SBJ *-2) (VP going (PP-CLR through (NP a (ADJP relatively normal) cycle)))))))))) ... .)) (TOP (S (NP-SBJ-1 We) (VP continue (S (NP-SBJ *-1) (VP to (VP feel (SBAR that (S (NP-SBJ the stock market) (VP is (ADVP-TMP still) (NP-PRD (NP the place) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP be (ADVP-LOC-PRD *T*-2) (PP-PRP for (NP long-term appreciation)))))))))))))) . '')) (TOP (S (NP-SBJ-1 The spot) (VP was (VP scheduled (S (NP-SBJ *-1) (VP to (VP appear (NP-ADV three times) (PP-LOC on (NP CNN)) (NP-TMP last night)))))) .)) (TOP (S (NP-SBJ PaineWebber) (VP considered (NP (NP an (ADJP even harder) sell) , (S-NOM (NP-SBJ *) (VP recommending (NP specific stocks))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ-2 it) (VP settled (PP-CLR on (S-NOM (NP-SBJ *-2) (VP (ADVP just) urging (NP-3 (NP the clients) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (NP-PRD its lifeline))))) (S (NP-SBJ *-3) (VP to (VP keep (NP that money) (PP-LOC in (NP the market))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ We) (VP 're (VP saying (SBAR 0 (S (NP-SBJ (NP the worst thing) (SBAR (WHNP-2 that) (S (NP-SBJ anyone) (VP can (VP do (NP *T*-2)))))) (VP is (S-PRD (NP-SBJ *) (VP to (VP see (S (NP-SBJ the market) (VP (VP go (ADVP-DIR down)) and (VP dump (NP everything)) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (ADVP just) drives (NP the prices) (ADVP-DIR down) (ADVP further))))))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP John Lampe) , (NP (NP (NP PaineWebber 's) director) (PP of (NP advertising)))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ you) (VP (VP owned (NP it)) and (VP liked (NP it)) (NP-TMP Friday)))) , (NP-SBJ the true value) (VP has n't (VP changed)) . '')) (TOP (S (NP-SBJ He) (VP adds , `` (S (NP-SBJ This) (VP is n't (NP-PRD (NP 1987) (VP revisited (NP *)))))) . '')) (TOP (S (PP With (S-NOM (NP-SBJ the market) (VP (VP fluctuating) and (VP (ADVP-TMP then) closing (ADVP-CLR up (NP (QP more than 88) points)))))) (NP-TMP yesterday) , (NP-SBJ-1 investment firms) (VP had (S (NP-SBJ *-1) (VP to (ADVP-TMP constantly) (VP revise (NP their approach))))) .)) (TOP (S (PP-LOC At (NP Shearson Lehman)) , (NP-SBJ-1 executives) (VP (VP created (NP potential new commercials) (UCP-TMP (NP Friday night) and (PP throughout (NP the weekend)))) , (VP (ADVP-TMP then) had (S (NP-SBJ *-1) (VP to (VP regroup (NP-TMP yesterday afternoon)))))) .)) (TOP (S (NP-SBJ The plan) (VP had (VP been (S-PRD (NP-SBJ *) (VP to (VP make (NP (NP one) (PP of (NP (NP (NP Shearson 's) easy-to-film , black-and-white `` (SBAR-TTL (WHADVP-2 Where) (S (NP-SBJ We) (VP Stand (ADVP-LOC *T*-2)))) '' commercials) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (VP been (VP running (ADVP-TMP occasionally) (PP in (NP (NP response) (PP to (NP news events)))) (PP-TMP since (NP 1985))))))))))))))) .)) (TOP (S (NP-SBJ-1 The ad) (VP would (VP have (VP run (PP-TMP during (NP the World Series)) (NP-TMP tomorrow) , (S-ADV (NP-SBJ *-1) (VP replacing (NP (NP the debut commercial) (PP of (NP (NP (NP Shearson 's) new ad campaign) , `` (NP-TTL (NP Leadership) (PP by (NP Example))))))))))) . '')) (TOP (S But (PP-LOC in (NP a meeting)) (SBAR-TMP after (S (NP-SBJ the market) (VP closed (NP-TMP yesterday)))) , (NP-SBJ-1 Shearson executives) (VP decided (S (NP-SBJ *-1) not (VP to (VP go (ADVP-CLR ahead) (PP-CLR with (NP the stock-market ad)))))) .)) (TOP (S `` (NP-SBJ We) (VP do n't (VP think (PP-TMP at (NP this point)) (SBAR 0 (S (NP-SBJ-2 anything) (VP needs (S (NP-SBJ-1 *-2) (VP to (VP be (VP said (NP *-1)))))))))) .)) (TOP (SINV (S-TPC-2 (S (NP-SBJ-1 The market) (VP seems (S (NP-SBJ *-1) (VP to (VP be (VP straightening (PRT out))))))) ; (S (NP-SBJ we) (VP 're (VP taking (NP a wait-and-see attitude))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Cathleen B. Stewart) , (NP (NP executive vice president) (PP of (NP marketing)))) .)) (TOP (S (PP In (NP any case)) , (NP-SBJ-1 the brokerage firms) (VP are (ADVP clearly) (VP moving (ADVP (ADVP faster) (SBAR *ICH*-2)) (S-PRP (NP-SBJ *-1) (VP to (VP create (NP new ads)))) (SBAR-2 than (S (NP-SBJ they) (VP did (PP-TMP in (NP (NP the fall) (PP of (NP 1987))))))))) .)) (TOP (S But (NP-SBJ (NP it) (SBAR *EXP*-2)) (VP remains (S-PRD (NP-SBJ-3 *) (VP to (VP be (VP seen (NP *-3))))) (SBAR-2 whether (S (NP-SBJ their ads) (VP will (VP be (ADJP-PRD (ADVP any more) effective)))))) .)) (TOP (S (PP-TMP In (NP 1987)) , (PP despite (NP (NP a barrage) (PP of (NP (NP ads) (PP from (NP (NP most) (PP of (NP the major investment firms)))))))) , (NP-SBJ individuals) (VP ran (PP-DIR from (NP the market)) (ADVP-MNR en masse)) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ-1 the firms) (VP must (VP try (NP their hardest) (S-PRP (NP-SBJ *-1) (VP to (VP prove (SBAR that (S (NP-SBJ advertising) (VP can (VP work (NP-TMP (NP this time) (ADVP around))))))))))) .)) (TOP (NP Ad Notes ... .)) (TOP (NP-HLN ARNOLD ADVERTISING :)) (TOP (S (NP-SBJ (NP Edward Eskandarian) , (NP (NP former chairman) (PP of (NP Della Femina , McNamee WCRS/Boston))) ,) (VP reached (NP (NP an agreement (S *ICH*-1)) (PP in (NP principle)) (S-1 (NP-SBJ *) (VP to (VP acquire (NP (NP a majority stake) (PP in (NP (NP Arnold Advertising) , (NP a small Boston shop))))))))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ (NP Mr. Eskandarian) , (SBAR (WHNP-4 who) (S (NP-SBJ *T*-4) (VP resigned (NP his Della Femina post) (PP-TMP in (NP September))))) ,) (VP becomes (NP-PRD (NP (NP chairman) and (NP chief executive)) (PP of (NP Arnold)))) .)) (TOP (S (NP-SBJ (NP John Verret) , (NP (NP the agency 's) president and chief executive) ,) (VP will (VP retain (NP (NP the title) (PP of (NP president))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ (NP (NP McDonald 's) Corp.) , (NP-LOC (NP Oak Brook) , (NP Ill.)) ,) (VP named (S (NP-SBJ Arnold) (VP to (VP handle (NP (NP its estimated (ADJP (QP $ 4 million) *U*) cooperative ad account) (PP for (NP the (NAC-LOC Hartford , Conn. ,) area))))))) .)) (TOP (S (NP-SBJ-1 That account) (VP had (VP been (VP handled (NP *-1) (PP by (NP-LGS Della Femina , McNamee WCRS))))) .)) (TOP (NP-HLN EDUCATION ADS :)) (TOP (S (NP-SBJ (NP A 142-page ad supplement) (PP to (NP (NP Business Week 's) special `` Corporate Elite '' issue))) (VP calls (PP-CLR on (NP business leaders)) (S-CLR (NP-SBJ-1 *) (VP to (VP use (NP their clout) (S-PRP (NP-SBJ-2 *-1) (VP to (VP help (S (NP-SBJ *-2) (VP solve (NP (NP the nation 's) education crisis)))))))))) .)) (TOP (S (NP-SBJ (NP The supplement) , (NP (NP the largest) (ADVP ever) (PP for (NP the magazine))) ,) (VP (VP includes (NP (NP ads) (PP from (NP 52 corporate advertisers)))) and (VP kicks (PRT off) (NP (NP a two-year Business Week initiative) (PP on (NP education))))) .)) (TOP (S (NP-SBJ The magazine) (VP will (VP distribute (NP (NP 10 %) (PP of (NP (NP the gross revenues) (PP from (NP the supplement))))) (PP as (NP (NP grants) (PP to (NP innovative teachers)))))) .)) (TOP (S (S (NP-SBJ You) (VP know (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP the law) (PP of (NP averages))) (VP is (NP-PRD *T*-1)))))) , (SQ do n't (NP-SBJ you) (VP *?*)) ?)) (TOP (S (NP-SBJ It) (VP 's (SBAR-NOM-PRD (WHNP-3 what) (S (S (LST 1 -RRB-) (NP-SBJ *T*-3) (VP explains (SBAR (WHADVP-4 why) (S (NP-SBJ we) (VP are (PP-PRD like , (INTJ well) , (NP (NP ourselves) (CONJP rather than) (NP Bo Jackson))) (ADVP-PRP *T*-4)))))) ; (S (LST 2 -RRB-) (NP-SBJ *T*-3) (VP cautions (SBAR that (S (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD possible) (S-1 (NP-SBJ *) (VP to (VP drown (PP-LOC in (NP (NP a lake) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP averages (NP (NP two feet) (ADJP deep))))))))))))))) ; and (S (LST 3 -RRB-) (NP-SBJ *T*-3) (VP predicts (SBAR that (S (NP-SBJ (NP 10,000 monkeys) (VP placed (NP *) (PP-LOC before (NP 10,000 pianos)))) (VP would (VP produce (NP 1,118 publishable rock 'n' roll tunes)))))))))) .)) (TOP (S (S (NP-SBJ (NP Baseball) , (NP (NP that game) (PP of (NP the long haul))) ,) (VP is (NP-PRD (NP the quintessential sport) (PP of (NP the mean))))) , and (S (NP-SBJ the mean ol' law) (VP caught (PRT up) (PP-CLR with (NP the San Francisco Giants)) (PP-LOC in (NP the World Series)) (NP-TMP last weekend))) .)) (TOP (S (NP-SBJ-1 (NP The team) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP dumped (NP runs) (PP by (NP the bushel)) (PP-CLR on (NP the Chicago Cubs)) (PP-LOC in (NP the National League playoffs)))))) (VP was (VP held (NP *-1) (PP-CLR to (NP just one)) (PP-LOC in (NP two games)) (PP by (NP-LGS (NP the home-team Oakland A 's) , (NP (NP the gang) (SBAR (WHNP-3 that) (S (NP-SBJ-4 *T*-3) (VP had (VP been (VP done (PP-CLR unto (NP *-4)) (ADVP-MNR similarly) (PP by (NP-LGS (NP the Los Angeles Dodgers) and (NP Orel Hershiser))) (PP-LOC in (NP (NP last year 's) tournament)))))))))))) .)) (TOP (S (ADVP Morever) , (NP-SBJ-1 (NP much) (PP of (NP the damage))) (VP was (VP accomplished (NP *-1) (PP by (NP-LGS (NP A 's) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP had (NP (NP some catching up) (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-3))))))))))))) .)) (TOP (S (PP-LOC In (NP game two)) , (PP-TMP on (NP (NP a cool Sunday evening) (PP-LOC in (NP (NP this land) (PP of (NP perpetual autumn)))))) , (NP-SBJ-1 (NP a lot) (PP of (NP the catching up))) (VP was (VP done (NP *-1) (PP by (NP-LGS (NP the A 's catcher) , (NP Terry Steinbach))))) .)) (TOP (S (NP-SBJ-2 He) (VP hit (NP (NP a 2-0 pitch) (PP from (NP Rick Reuschel))) (PP-DIR into (NP the left-field stands)) (PP-TMP in (NP inning four)) (S-PRP (NP-SBJ *-2) (VP to (VP stretch (NP (NP his team 's) lead) (PP-DIR from (NP 2-1)) (PP-DIR to (NP (NP a decisive 5-1) , (SBAR (WHADVP-1 where) (S (NP-SBJ it) (VP stayed (ADVP-LOC *T*-1)))))))))) .)) (TOP (FRAG (ADVP So what) (SBAR-ADV if (S (NP-SBJ Steinbach) (VP had (VP (VP struck (NP just seven home runs) (PP-TMP in (NP 130 regular-season games))) , and (VP batted (PP-LOC in (NP (NP the seventh position) (PP of (NP the A 's lineup))))))))) .)) (TOP (S `` (S-1 (SBAR-ADV If (S (NP-SBJ you) (VP (VP get (NP your pitch)) , and (VP take (NP a good swing))))) , (NP-SBJ anything) (VP can (VP happen))) , '' (NP-SBJ he) (ADVP-TMP later) (VP remarked (S *T*-1)) .)) (TOP (S (PP-TMP On (NP Saturday night)) , (NP-SBJ-1 (NP quite a few) (PP of (NP (NP the boys) (PP in (NP green and gold))))) (VP salted (PRT away) (NP successes) (S-PRP (NP-SBJ *-1) (VP to (VP salve (NP (NP the pain) (PP of (NP (ADJP past and (PRN , (NP-ADV no doubt) ,) future) droughts))))))) .)) (TOP (S (NP-SBJ (NP Mark McGwire) , (NP the big , red-haired Oakland first baseman) ,) (VP had (NP (NP three hits) (NP *ICH*-3)) (PP-TMP in (NP four at bats)) , (NP-3 (NP two more) (SBAR than (S (NP-SBJ he) (VP 'd (VP had (NP *?*) (PP-LOC in (NP (NP the five-game Dodger series) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ he) (VP 'd (VP gone (ADVP-CLR 1-for-17) (PP-LOC *T*-2))))))))))))) .)) (TOP (S (NP-SBJ (NP The A-men) (VP batting (NP (NP Nos. 6 through 9) (PRN , a.k.a. (NP (NP the `` bottom) (PP of (NP the order))) , '')))) (VP (VP got (NP (NP seven) (PP of (NP (NP their team 's) 11 hits)))) and (VP scored (NP (NP four) (PP of (NP its runs))) (PP-TMP in (NP a 5-0 decision)))) .)) (TOP (S (NP-SBJ-1 Right-hander Dave Stewart) (VP held (NP the Giants) (PP-CLR to (NP five hits)) (S-PRP (NP-SBJ *-1) (VP to (VP account (PP-CLR for (NP (NP the zero) (PP-LOC on (NP (NP the other side) (PP of (NP the Saturday ledger)))))))))) .)) (TOP (S (S (SBAR-SBJ That (S (NP-SBJ he) (VP was (NP-PRD the A 's winningest pitcher) (PP-TMP during (NP its American League campaign)) (PP with (NP (NP a 21-9 mark) , plus (NP (NP two wins) (PP over (NP Toronto)) (PP-LOC in (NP the playoffs))) ,))))) (VP indicates (SBAR 0 (S (NP-SBJ he) (VP may (VP have (NP (NP some evening up) (VP coming)))))))) , but (S (PP with (NP (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ his split-fingered fastball) (VP is (VP behaving (ADVP-MNR *T*-1))))))) , (NP-SBJ that) (VP might not (VP be (NP-TMP-PRD this week)))) .)) (TOP (S (NP-SBJ The same) (VP goes (PP-CLR for (NP (NP Mike Moore) , (NP (NP another veteran) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP overcame (NP early struggles) (S-PRP (NP-SBJ *-2) (VP to (VP permit (NP the Giants) (NP (ADVP but) (NP a run) and (NP four hits)) (PP-TMP in (NP seven innings)) (PP-TMP in (NP (NP Sunday 's) contest)))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP Every guy) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP put (NP *T*-1) (ADVP-PUT out there))))) (VP had (NP (NP a better split-finger) (PP than (NP (NP the guy) (ADVP before)))))) , '' (VP marveled (S *T*-2)) (NP-SBJ Giant manager Roger Craig) .)) (TOP (S (NP-SBJ He) (VP 's (NP-PRD (NP an ex-hurler) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP 's (NP-PRD (NP one) (PP of (NP (NP the leading gurus) (PP of (NP (NP the fashionable delivery) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP looks (PP-CLR like (NP a fastball)) (SBAR-TMP until (S (NP-SBJ it) (VP dives (PP-DIR beneath (NP the lunging bat)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The upshot) (PP of (NP the downshoot))) (VP is (SBAR-PRD that (S (NP-SBJ the A 's) (VP go (PP-DIR into (NP (NP San Francisco 's) Candlestick Park)) (NP-TMP tonight) (ADVP up (NP (NP two games) (PP to (NP none))) (PP in (NP the best-of-seven fest))))))) .)) (TOP (S (NP-SBJ (NP The stat) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP reckon (PP with (NP *T*-2)) (ADVP-LOC here)))))) (VP says (SBAR that (S (NP-SBJ-3 (NP (QP about three of four) clubs) (PRN -LRB- (NP (QP 29 of 39)) -RRB-) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP took (NP 2-0 Series leads))))) (VP went (PRT on) (S (NP-SBJ *-3) (VP to (VP win (NP (NP it) (NP all))))))))) .)) (TOP (S (NP-SBJ That) (VP 's not (NP-PRD (NP an average) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP soothe (NP Giant rooters))))))) .)) (TOP (S (S (NP-SBJ One) (VP might (VP think (SBAR that (S (NP-SBJ (NP the home fans) (PP-LOC in (NP (NP this Series) (PP of (NP (NP the Subway) (VP Called (S (NP-SBJ *) (NP-PRD (NP BART) (PRN -LRB- (S (S (NP-SBJ that) (VP 's (NP-PRD (NP a better name) (PP for (NP a public conveyance)) (PP than `` (NP Desire))))) , '' (SQ do n't (NP-SBJ you) (VP think) ?)) -RRB-))))))))) (VP would (VP have (VP been (ADJP-PRD ecstatic (PP over (NP the proceedings))))))))))) , but (S (NP-SBJ they) (VP observe (NP them) (PP-MNR in (NP relative calm)))) .)) (TOP (S (S (NP-SBJ (NP Partisans) (PP of (NP the two combatants))) (VP sat (ADVP side by side) (PP-LOC in (NP (NP the 49,000-plus seats) (PP of (NP Oakland Coliseum)))))) , and (S (SBAR-ADV while (S (NP-SBJ they) (VP (VP cheered (NP their favorites)) and (VP booed (NP the opposition))))) , (NP-SBJ hostilities) (VP advanced (ADVP-CLR no further) , (ADVP (ADVP at least) (ADVP as far) (SBAR as (S (NP-SBJ I) (VP could (VP see))))))) .)) (TOP (S (NP-SBJ-1 A few folks) (VP (ADVP even) showed (PRT up) (S-ADV (NP-SBJ *-1) (VP wearing (NP (NP caps) (VP bearing (NP (NP the colors and emblems) (PP of (NP both teams)))))))) .)) (TOP (S `` (NP-SBJ I) (VP 'm (PP-PRD for (NP the Giants)) (NP-TMP today) , but (SBAR-PRP (ADVP only) because (S (NP-SBJ they) (VP lost (NP-TMP yesterday))))) .)) (TOP (S (NP-SBJ I) (VP love (NP (NP 'em) (NP both))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP The only thing) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP 'm (VP rooting (PP-CLR for (NP *T*-1))))))) (VP is (SBAR-PRD for (S (NP-SBJ the Series) (VP to (VP go (NP seven games))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP David Williams) , (NP a Sacramento septuagenarian) ,) (PP-LOC at (NP the Coliseum)) (PP-TMP before (NP (NP Sunday 's) go)) .)) (TOP (S (NP-SBJ The above) (VP represents (NP (NP a triumph) (PP of (NP either apathy or civility)))) .)) (TOP (S (NP-SBJ-1 I) (VP choose (S (NP-SBJ *-1) (VP to (VP believe (SBAR 0 (S (NP-SBJ it) (VP 's (NP-PRD the latter))))))) , (SBAR-ADV although (S (NP-SBJ it) (ADVP probably) (VP springs (PP-CLR from (NP the fact (SBAR that (S (NP-SBJ (NP just about everyone) (PP-LOC out (NP here)) , (PP including (NP the A 's and Giants)) ,) (VP is (ADVP originally) (PP-PRD from (NP somewhere else))))))))))) .)) (TOP (S (NP-SBJ *) (VP Suffice (NP it) (S (NP-SBJ *) (VP to (VP say (SBAR that (S (SBAR-ADV if (S (NP-SBJ this) (VP were (NP-PRD (NP a New York Yankees-Mets series) , or (NP (NP one) (PP between (NP the (NX (NX Chicago Cubs) and (NX White Sox)))) (PRN -LRB- (S (INTJ hey) , (NP-SBJ it) (VP 's (ADJP-PRD possible))) -RRB-)))))) , (S (NP-SBJ you) (VP 'd (VP need (NP-1 uniformed police) (PP-LOC in (NP every other seat)) (S-PRP (NP-SBJ *-1) (VP to (VP separate (NP opposing fans))))))) , and (S (NP-SBJ only the suicidal) (VP would (VP bifurcate (NP their bonnets)))))))))) .)) (TOP (S (ADVP Anyway) , (NP-SBJ the A 's) (VP gave (NP you) (NP (NP a lot) (PP of (NP (NP heroes) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP root (PP-CLR for (NP *T*-1)))))))))) .)) (TOP (S (PP-LOC In (NP the opening game)) , (PP besides (NP Steinbach and Stewart)) , (NP-SBJ there) (VP was (NP-PRD (NP Walt Weiss) , (NP (NP a twiggy-looking , second-year shortstop) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP lost (NP (NP a couple months) (PP of (NP the season))) (PP-CLR to (NP knee surgery))))))))) .)) (TOP (S (NP-SBJ He) (VP (VP was (ADJP-PRD flawless) (ADVP-LOC afield) (PRN -LRB- (NP (NP ditto) (PP-LOC in (NP game two))) -RRB-)) , (VP moved (NP a runner) (ADVP-DIR along) (PP-TMP in (NP the A 's three-run second inning))) , and (VP homered (PP for (NP (NP his team 's) final tally)))) .)) (TOP (SINV (ADJP-PRD-TPC-5 (ADJP Such) (SBAR *ICH*-2)) (VP is (ADJP-PRD *T*-5)) (NP-SBJ (NP his reputation) (PP-LOC among (NP the East Bay Bashers))) (SBAR-2 that (S (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ he) (VP hit (NP his first career home run) (NP-TMP last season) (ADVP-TMP *T*-3)))) , (NP-SBJ-4 (NP the fan) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP caught (NP it))))) (VP agreed (S (NP-SBJ *-4) (VP to (VP turn (NP the ball) (PRT over) (PP-CLR to (NP him)) (PP in (NP (NP return) (PP for (NP an autograph)))))))))) .)) (TOP (NP (NP Not his autograph) ; (NP power-hitter McGwire 's) .)) (TOP (S (NP-SBJ (NP An A 's co-hero) (PP of (NP the second game))) (VP was (NP-PRD (NP Rickey Henderson) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP exemplifies (NP (NP the hot side) (PP of (NP the hot-cold equation)))))))) .)) (TOP (S (NP-SBJ-1 He) (VP (VP smoked (NP Toronto) (PP-TMP in (NP the playoffs)) (PP-MNR with (NP (NP (NP six hits) , (NP seven walks) and (NP eight stolen bases)) (PP-TMP in (NP 22 at bats))))) , and (VP continued (NP that) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP (VP going (ADVP-CLR 3-for-3) (PP-LOC at (NP the plate)) (NP-TMP Sunday)) , (CONJP along with) (VP (VP walking) , (VP stealing (NP a base)) and (VP scoring (NP a run)))))))) .)) (TOP (S `` (S-TPC-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ you) (VP 're (PP-LOC-PRD in (NP the groove)) (ADVP-TMP *T*-1)))) , (NP-SBJ you) (VP see (NP every ball) (ADVP-MNR tremendously))) , '' (NP-SBJ he) (VP lectured (S *T*-2)) .)) (TOP (S (NP-SBJ (NP The cold guys) (PP-LOC in (NP the set))) (VP were (NP-PRD (NP (NP Will Clark) , (NP Kevin Mitchell) and (NP Matt Williams)) , (NP (NP the Giants ') 3-4-5 hitters))) .)) (TOP (S (NP-SBJ They) (VP combined (PP-PRP for (NP (NP 25 hits) , (NP six home runs) and (NP (NP 24 runs) (VP batted (PRT in) (NP *))))) (PP-TMP in (NP (NP the five games) (PP against (NP the Cubs))))) .)) (TOP (S (NP-SBJ They) (VP went (NP a collective 5-for-24) (ADVP-LOC here) , (PP with (NP zero homers and ribbies))) .)) (TOP (S-CLF (NP-SBJ It) (VP 's (NP-PRD (NP that last set) (PP of (NP numbers)) (PRN , (ADVP (ADVP as much) (PP as (NP (NP anything) (ADJP else)))) ,)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP gives (NP the Giants) (NP (NP hope) (PP-LOC in (NP (NP the Series games) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP come))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP believe (PP-CLR in (NP (NP the law) (PP of (NP averages)))))) , '' (VP declared (S *T*-1)) (NP-SBJ San Francisco batting coach Dusty Baker) (PP-TMP after (NP game two)) .)) (TOP (S `` (NP-SBJ I) (VP 'd (ADVP (ADVP rather) (PP *ICH*-3)) (VP see (S (NP-SBJ (NP a so-so hitter) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD hot))))) (VP come (PRT up) (PP for (NP the other side)))) (PP-3 than (NP (NP a good hitter) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP 's (ADJP-PRD cold)))))))) . '')) (TOP (S But (NP-SBJ the old Dodger slugger) (VP (ADVP-MNR wisely) offered (NP (NP no prediction) (PP about (SBAR-NOM (WHADVP-1 when) (S (NP-SBJ good times) (VP would (VP return (PP-CLR to (NP his side)) (ADVP-TMP *T*-1)))))))) .)) (TOP (S `` (S-TPC-3 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ it) (VP goes (ADVP-TMP *T*-1)))) , (NP-SBJ you) (ADVP-TMP never) (VP know (SBAR (WHADVP-2 when) (S (NP-SBJ you) (VP 'll (VP get (NP it) (ADVP-CLR back) (ADVP-TMP *T*-2))))))) , '' (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S `` (NP-SBJ That) (VP 's (NP-PRD baseball)) .)) (TOP (S (NP-SBJ-2 NCR Corp.) (VP reported (NP (NP a (ADJP 10 %) drop) (PP in (NP third-quarter net income))) , (S-ADV (NP-SBJ *-2) (VP citing (NP (NP intense competition) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP caused (S (NP-SBJ its gross profit margins) (VP to (VP dip)))))))))) .)) (TOP (S (NP-SBJ (NP Net income) (PP for (NP the quarter))) (VP fell (PP-DIR to (NP (QP $ 93.1 million) *U*)) (PP-DIR from (NP (QP $ 103.1 million) *U*)) , (SBAR-ADV (WHNP-1 roughly what) (S (NP-SBJ analysts) (VP had (VP expected (NP *T*-1)))))) .)) (TOP (S But (NP-SBJ per-share profit) (VP dropped (NP-EXT (QP only 2) %) (PP-DIR to (NP (NP $ 1.23 *U*) (NP-ADV a share))) (PP-DIR from (NP (NP $ 1.26 *U*) (NP-ADV a share))) , (SBAR-ADV as (S (NP-SBJ the company) (VP continued (NP its stock buy-back plan))))) .)) (TOP (S (NP-SBJ (NP Average shares) (ADJP outstanding)) (VP dropped (PP-DIR to (NP (QP 75.8 million))) (PP-DIR from (NP (QP 82.1 million)))) .)) (TOP (S (NP-SBJ Revenue) (VP fell (NP-EXT 1 %) (PP-DIR to (NP (QP $ 1.39 billion) *U*)) (PP-DIR from (NP (QP $ 1.41 billion) *U*))) .)) (TOP (S (NP-SBJ (NP The computer maker) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP sells (NP (QP more than half) its goods) (PP-LOC outside (NP the U.S.))))) ,) (VP (ADVP also) said (SBAR 0 (S (NP-SBJ (NP the negative effect) (PP of (NP a stronger U.S. dollar))) (VP will (VP (VP `` (ADVP-MNR adversely) affect '' (NP its fourth-quarter performance)) and (VP `` make (S (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD difficult) '' (S-1 (NP-SBJ *) (VP to (VP better (NP 1988 results))))))))))) .)) (TOP (S (NP-SBJ NCR) (VP said (SBAR 0 (S (NP-SBJ revenue) (VP declined (UCP-LOC both (PP in (NP the U.S.)) and (ADVP overseas)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP a world-wide softening) (PP of (NP the computer markets))))))))) .)) (TOP (S (NP-SBJ The company) , (ADVP however) , (VP said (SBAR 0 (S (NP-SBJ (NP orders) (PP-LOC in (NP the U.S.))) (VP showed `` (NP good gains) '' (PP-TMP during (NP the latest quarter)))))) .)) (TOP (S (NP-SBJ Analysts) (VP estimate (NP those gains) (PP-CLR at (NP (QP 12 % to 13 %) *U*)) , (S-ADV (NP-SBJ (NP a good part) (PP of (NP it))) (VP coming (PP-CLR from (NP (NP large orders) (VP placed (NP *) (PP by (NP-LGS (NP a few) (PP of (NP (NP NCR 's) major customers)))))))))) .)) (TOP (SINV (S-TPC-4 (PP In (NP (NP addition) (PP to (NP (NP a general slowing) (PP of (NP the computer industry)))))) , (NP-SBJ-1 (NP NCR) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP sells (NP (NP automated teller machines) and (NP computerized cash registers))))) ,) (VP is (ADVP also) (VP affected (NP *-1) (PP by (NP-LGS (NP the retail and financial sectors) , `` (NP (NP areas) (PP of (NP the economy)) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP have (ADVP generally) not (VP been (ADJP-PRD robust))))))))))) , '' (VP notes (SBAR 0 (S *T*-4))) (NP-SBJ (NP Sanjiv G. Hingorani) , (NP (NP an analyst) (PP for (NP Salomon Brothers Inc)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP These factors) , (PP combined (PP with (NP a strong dollar))) ,) (VP should (VP (ADVP-MNR negatively) affect (NP (NP the current quarter 's) results)))) , (NP-SBJ NCR) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP In (NP the year-earlier fourth quarter)) , (NP-SBJ NCR) (VP had (NP (NP profit) (PP of (NP (NP (QP $ 149.6 million) *U*) , or (NP (NP $ 1.85 *U*) (NP-ADV a share)) ,))) (PP on (NP (NP revenue) (PP of (NP (QP $ 1.8 billion) *U*))))) .)) (TOP (S (NP-SBJ Mr. Hingorani) (VP said (SBAR 0 (S (NP-SBJ he) (VP lowered (NP (NP his full-year estimates) (PP for (NP 1989))) (PP-DIR to (NP (NP $ 5.35 *U*) (NP-ADV a share))) (PP-DIR from (NP (NP $ 5.50 *U*) (NP-ADV a share))))))) .)) (TOP (S (NP-SBJ-1 Revenue projections) (VP were (VP slashed (NP *-1) (PP-DIR to (NP (QP $ 6.03 billion) *U*)) (PP-DIR from (NP (QP $ 6.20 billion) *U*)))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ NCR) (VP had (NP (NP net income) (PP of (NP (NP (QP $ 439.3 million) *U*) , or (NP (NP $ 5.33 *U*) (NP-ADV a share)) ,))) (PP on (NP (NP (QP $ 5.99 billion) *U*) (PP in (NP revenue))))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ (NP the company 's) earnings) (VP fell (NP-EXT 9 %) (PP-DIR to (NP (NP (QP $ 264.6 million) *U*) , or (NP (NP $ 3.40 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 289.7 million) *U*) , or (NP (NP $ 3.49 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenues) (VP declined (NP-EXT 1 %) (PP-DIR to (NP (QP $ 4.17 billion) *U*)) (PP-DIR from (NP (QP $ 4.19 billion) *U*))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ-1 NCR shares) (VP fell (NP-EXT 75 cents) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 57 *U*)))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Concerning (NP (NP your Sept. 19 article) `` (S-TTL (NP-SBJ Wall Street Firms) (VP Link (NP (NP Analysts ') Pay) (PP-CLR to (NP Performance))))))) , '' (NP-SBJ I) (VP 'm (ADJP-PRD delighted (SBAR that (S (NP-SBJ Wall Street) (VP is (ADVP-TMP finally) (VP tuning (PRT in) (PP-CLR to (NP (NP the hard , cold facts) (PP of (NP the real working world)))))))))) .)) (TOP (SBAR (SBAR-ADV If (S (NP-SBJ the firms) (VP are (ADJP-PRD serious)))) , (ADVP however) , (WHADVP-2 why) (S (NP-SBJ *) (VP limit (NP the practice) (PP-CLR to (NP (NP the poor , maligned analysts) (SBAR (WHNP-1 whose ability (S (NP-SBJ *) (VP to (VP see (PP-DIR into (NP the future)))))) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD fragile) (PP at (NP best))))))) (ADVP-PRP *T*-2))) ?)) (TOP (SBAR (WHADVP-2 Why not) (S (NP-SBJ *) (VP (VP extend (NP the same harsh standards) (PP-CLR to (NP the sales force))) , and (VP pay (NP brokers) (NP (NP a base salary) (PP with (NP (NP annual bonus) (VP based (NP *) (PP-CLR on (SBAR (WHNP-1 (WHADVP how much) money) (S (NP-SBJ they) (VP made (NP *T*-1) (PP for (NP their clients)) (PP-TMP during (NP the year))))))))))) (ADVP-PRP *T*-2))) ?)) (TOP (S (NP-SBJ That) (VP should (VP (VP stop (NP (NP a lot) (PP of (NP account-churning)))) , and (VP produce (NP (NP a stock market) (VP driven (NP *) (ADVP only) (PP by (NP-LGS (NP professional concern) , (NP careful thought) and (NP good sense)))))))) .)) (TOP (SQ (INTJ Now) , would n't (NP-SBJ that) (VP be (NP-PRD a novelty)) .)) (TOP (NP (NP Phyllis Kyle Stephenson) (NP-LOC (NP Newport News) , (NP Va)) .)) (TOP (S (NP-SBJ (NP Steve Clark) , (NP a Shearson Lehman Hutton Inc. trader) ,) (VP reported (PP-CLR for (NP work)) (PP-TMP at (NP (NP 5 a.m.) , (PP (NP-ADV (QP two and a half) hours) before (NP the usual Monday morning strategy meeting))))) .)) (TOP (S (PP-LOC At (NP Jefferies & Co.)) , (S (NP-SBJ J. Francis Palamara) (VP did n't (VP reach (NP the office) (PP-TMP until (NP 5:30 a.m.))))) , but then (S (NP-SBJ he) (VP had (VP been (ADVP-PRD up) (NP-TMP (NP most) (PP of (NP the night))) (PP-LOC at (NP home))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP had (NP (NP calls) (PP *ICH*-1)) (ADVP-TMP (NP all night) long) (PP-1 from (NP the States)))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S `` (NP-SBJ-1 I) (VP was (VP woken (NP *-1) (PRT up) (NP (NP every hour) -- (NP 1:30 , 2:30 , 3:30 , 4:30)))) .)) (TOP (S (S (NP-SBJ People) (VP are (VP looking (PP-CLR for (NP possible opportunities (S (NP-SBJ *) (VP to (VP buy)))))))) , but (S (NP-SBJ-1 nobody) (VP wants (S (NP-SBJ *-1) (VP to (VP stick (NP their chin) (PRT out)))))) . '')) (TOP (S (PP For (NP (NP many) (PP of (NP (NP London 's) securities traders)))) , (NP-SBJ it) (VP was (NP-PRD (NP a day) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP started (ADVP-MNR nervously) (PP-TMP in (NP the small hours))))))) .)) (TOP (S (PP-TMP By (NP lunchtime)) , (NP-SBJ the selling) (VP was (PP-LOC-PRD at (NP near-panic fever))) .)) (TOP (S But (SBAR-ADV as (S (NP-SBJ the day) (VP ended (PP-MNR in (NP a frantic Wall Street-inspired rally))))) , (NP-SBJ the City) (VP breathed (NP (NP a sigh) (PP of (NP relief)))) .)) (TOP (S So (NP-SBJ it) (VP went (NP-TMP yesterday) (PP-LOC in (NP (NP the trading rooms) (PP of (NP (NP London 's) financial district))))) .)) (TOP (S (PP-TMP In (NP (NP the wake) (PP of (NP (NP (NP Wall Street 's) plunge) (NP-TMP last Friday))))) , (NP-SBJ-1 the London market) (VP was (VP considered (S (NP-SBJ *-1) (ADJP-PRD especially vulnerable)))) .)) (TOP (S And (PP-TMP before (NP (NP the opening) (PP of (NP trading)) (ADVP-LOC here) (NP-TMP yesterday))) , (NP-SBJ all eyes) (VP were (PP-PRD on (NP (NP early trading) (PP-LOC in (NP Tokyo)))) (PP for (NP (NP a clue) (PP as (PP to (SBAR-NOM (WHADJP-1 how widespread) (S (NP-SBJ the fallout) (VP might (VP be (ADJP-PRD *T*-1)))))))))) .)) (TOP (S (PP-TMP By (NP (NP the time) (SBAR (WHADVP-1 0) (S (NP-SBJ trading) (VP (ADVP officially) got (PP-CLR under (NP way)) (PP-TMP at (NP 9 a.m.)) (ADVP-TMP *T*-1)))))) , (NP-SBJ (NP the news) (PP from (NP Asia))) (VP was (ADVP-PRD in)) .)) (TOP (S And (NP-SBJ it) (VP left (NP mixed signals) (PP for (NP London))) .)) (TOP (S (S (NP-SBJ Tokyo stocks) (VP closed (ADVP-CLR off (NP a (ADJP significant but less-than-alarming) 1.8 %) (PP on (NP thin volume))))) ; (S (NP-SBJ Hong Kong stocks) (VP declined (NP-EXT 6.5 %) (PP in (NP orderly trading)))) .)) (TOP (S (PP At (NP (NP (NP Jefferies ') trading room) (PP-LOC on (NP (NP Finsbury Circus) , (NP (NP a stately circle) (PP-LOC at (NP (NP the edge) (PP of (NP the financial district))))) ,)))) (NP-SBJ desktop computer screens) (VP displayed (NP (NP (NP the London market 's) major barometer) -- (NP the Financial Times-Stock Exchange 100 Share Index))) .)) (TOP (S (S (NP-SBJ-1 (NP Red figures) (PP on (NP the screens))) (VP indicated (NP-2 falling stocks))) ; (S (NP-SBJ=1 blue figures) , (NP=2 rising stocks)) .)) (TOP (S (ADVP-TMP Right away) , (NP-SBJ the reds) (VP outnumbered (NP the blues) , (ADVP-CLR 80 to 20) , (SBAR-ADV as (S (NP-SBJ the index) (VP opened (PP-CLR at (NP 2076.8)) , (ADVP off (NP (NP 157.1 points) , or (NP 7 %))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ I) (VP see (NP concern))) , but (S (NP-SBJ I) (VP do n't (VP see (NP any panic))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Mr. Palamara) , (NP (NP a big , good-humored New York native) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP the 15-trader office)))))) .)) (TOP (S (NP-SBJ-1 (NP The Jefferies office) , (NP (NP a branch) (PP of (NP the Los Angeles-based firm))) ,) (VP played (NP it) (ADVP-MNR conservatively) , (S-ADV (NP-SBJ-2 *-1) (VP seeking (S (NP-SBJ *-2) (VP to (VP avoid (NP risk))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ This) (VP is not (NP-PRD (NP the sort) (PP of (NP market)) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP have (NP a big position) (PP in (NP *T*-2))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP David Smith) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP heads (NP (NP trading) (PP in (NP all non-U.S. stocks))))))) .)) (TOP (S `` (NP-SBJ-1 We) (VP tend (S (NP-SBJ *-1) (VP to (VP run (NP a (ADJP very tight) book))))) . '')) (TOP (S (S (NP-SBJ-1 Jefferies) (VP spent (NP (NP most) (PP of (NP its energies))) (PP-TMP in (NP the morning)) (S-ADV (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP match (NP buyers and sellers)))))))) , and (S (NP-SBJ there) (VP were n't (NP-PRD many buyers))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 (NP All the takeover stocks) -- (NP (NP Scottish & Newcastle) , (NP B.A.T) , (NP DRG)) --) (VP are (VP getting (VP (ADVP pretty well) pasted (NP *-2) (NP-TMP this morning))))) , '' (NP-SBJ Mr. Smith) (VP said (S *T*-1)) .)) (TOP (S (ADVP-TMP (NP Seconds) later) , (NP-SBJ (NP a 7,500-share `` sell '' order) (PP for (NP Scottish & Newcastle))) (VP came (PRT in)) .)) (TOP (S (PP-TMP For (NP (NP the third time) (PP-TMP in (NP 15 minutes)))) , (NP-SBJ-1 (NP a trader) (ADVP-LOC next (PP to (NP Mr. Smith)))) (VP left (NP the no-smoking area) (S-PRP (NP-SBJ *-1) (VP to (VP have (NP a cigarette))))) .)) (TOP (S (S (PP-LOC On (NP the screens)) , (NP-SBJ only two forlorn blue figures) (VP remained)) , but (S (NP-SBJ the index) (VP (VP had (VP recovered (NP a few points))) and (VP was (ADVP-PRD off (NP (QP about 140)))))) .)) (TOP (S `` (S-TPC-1 (SBAR-PRP Because (S (NP-SBJ Tokyo) (VP did n't (VP collapse)))) , (NP-SBJ *) (VP let (S (NP-SBJ 's) (VP pick (PRT up) (NP a little stock))))) , '' (NP-SBJ Mr. Smith) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ-1 He) (VP (VP targeted (NP (NP 7,500 shares) (PP of (NP Reuters)))) and (VP punched (NP a button) (S-PRP (NP-SBJ *-1) (VP to (VP call (PRT up) (PP-LOC on (NP his screen)) (NP (NP other dealers ') price quotes)))))) .)) (TOP (S (S (NP-SBJ The vivid yellow figures) (VP showed (NP the best price) (PP-CLR at (NP (NP 845 pence) , (PRN -LRB- (NP $ 13.27 *U*) -RRB-))))) and (S (NP-SBJ-1 (NP Mr. Smith 's) traders) (VP started (S (NP-SBJ *-1) (VP putting (PRT out) (NP feelers))))) .)) (TOP (S But (S (NP-SBJ the market) (VP sensed (NP (NP a serious buyer) (PP-TMP on (NP (NP a day) (VP dominated (NP *) (PP by (NP-LGS selling)))))))) , and (S (NP-SBJ the quotes) (ADVP-TMP immediately) (VP jumped (PP-DIR to (NP 850 pence)))) .)) (TOP (S `` (S-TPC-3 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ-2 I) (VP want (S (NP-SBJ *-2) (VP to (VP buy (ADVP-TMP *T*-1))))))) , (S (NP-SBJ they) (VP run (PP-DIR from (NP you)))) -- (S (NP-SBJ they) (VP keep (VP changing (NP their prices))))) , '' (NP-SBJ Mr. Smith) (VP said (S *T*-3)) .)) (TOP (S `` (NP-SBJ It) (VP 's (ADJP-PRD very frustrating)) . '')) (TOP (S (NP-SBJ He) (ADVP-TMP temporarily) (VP abandoned (NP (NP his search) (PP for (NP the Reuters shares)))) .)) (TOP (S (PP-TMP By (NP this time)) , (S (NP-SBJ it) (VP was (NP-PRD 4:30 a.m.) (PP-LOC in (NP New York)))) , and (S (NP-SBJ Mr. Smith) (VP fielded (NP (NP a call) (PP from (NP (NP a New York customer) (VP wanting (NP (NP an opinion) (PP on (NP (NP the British stock market) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP been (VP having (NP (NP troubles) (PP of (NP its own))) (PP-TMP even before (NP (NP Friday 's) New York market break)))))))))))))))) .)) (TOP (FRAG-1 `` (ADJP Fundamentally dangerous) ... , '' (PRN (S (NP-SBJ Mr. Smith) (VP said , (FRAG *T*-1) (PP-MNR almost in (NP a whisper))))) , `` ... . (ADJP (ADJP fundamentally weak) ... (ADJP fairly vulnerable still) ... (ADJP extremely dangerously poised)) ...)) (TOP (S (NP-SBJ we) (VP 're (PP-PRD in (PP for (NP (NP a lot) (PP of (NP turbulence)))))) ... . '')) (TOP (S (NP-SBJ He) (VP was (ADJP-PRD right)) .)) (TOP (S (PP-TMP By (NP midday)) , (NP-SBJ the London market) (VP was (PP-PRD in (NP full retreat))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ It) (VP 's (VP falling (PP-MNR like (NP a stone))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Danny Linger) , (NP (NP a pit trader) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (VP standing (PP-LOC outside (NP the London International Financial Futures Exchange)))))))) .)) (TOP (S (NP-SBJ (QP Only half) the usual lunchtime crowd) (VP gathered (PP-LOC at (NP (NP the tony Corney & Barrow wine bar) (PP-LOC on (NP Old Broad Street)) (ADVP-LOC nearby)))) .)) (TOP (S (NP-SBJ Conversation) (VP was (ADJP-PRD subdued) (SBAR-ADV as (S (NP-SBJ most patrons) (VP watched (NP the latest market statistics) (PP-LOC on (NP television)))))) .)) (TOP (S (PP-TMP At (NP 12:49 p.m.)) , (NP-SBJ the index) (VP hit (NP (NP its low) , (NP 2029.7) , (ADVP off (NP 204.2 points)))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ France) (VP opened (NP the limit) (ADVP-CLR down) (PRN , (ADVP off (NP (QP (ADVP at least) 10) %)) (SBAR-ADV if (S (NP-SBJ you) (VP could (VP calculate (NP the index) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ you) (VP could n't (NP *T*-1))))))))))) , '' (NP-SBJ (NP Mr. Clark) , (NP the Shearson trader) ,) (VP said (S *T*-2) (ADVP-TMP early (PP in (NP the afternoon)))) .)) (TOP (S `` (S (NP-SBJ-1 Spain) (VP is (UCP-PRD (ADVP-PRD down (NP 10 %)) and (VP suspended (NP *-1))))) , (S (S (NP-SBJ-3 Sweden) (VP 's (ADVP-PRD down (NP-2 8 %)))) , (S (NP-SBJ=3 Norway) (NP=2 11 %))) .)) (TOP (S (NP-SBJ-1 This market) (VP has (VP been (VP (ADVP-MNR very badly) damaged (NP *-1)))) . '')) (TOP (S (SBAR-TMP As (S (NP-SBJ (NP 2:30 p.m.) -- (NP (NP Wall Street 's) opening time) --) (VP neared))) , (NP-SBJ Shearson traders and salesmen) (VP traded (NP (NP bets) (PP on (SBAR (WHADVP-2 how low) (S (NP-SBJ the New York market) (VP would (VP open (ADVP-CLR *T*-2)))))))) .)) (TOP (S (PP-LOC In (NP (NP the center) (PP of (NP the trading floor)))) , (NP-SBJ (NP chief trader Roger Streeter) and (NP two colleagues)) (VP scrambled (PP-CLR for (NP the telephones)) (ADVP-TMP (ADVP as soon) (SBAR as (S (NP-SBJ-1 the New York market) (VP opened -- (S-ADV (NP-SBJ *-1) (VP plummeting (NP-EXT (QP more than 60) points) (PP-TMP in (NP the first few minutes))))))))) .)) (TOP (S (NP-SBJ They) (VP saw (NP (NP an opportunity) (VP created (NP *) (PP by (NP-LGS the sell-off))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ Wall Street traders) (VP dumped (NP (NP American Depositary Receipts) (PP in (NP Jaguar PLC)))))) , (NP-SBJ-1 (NP Mr. Streeter) and (NP trader Sam Ruiz)) (VP bought (NP them) (S-PRP (NP-SBJ *-1) (VP to (VP resell (PP-LOC in (NP the U.K)))))) .)) (TOP (S (NP-SBJ (NP Investors) (ADVP-LOC here)) (VP (ADVP-TMP still) expect (S (NP-SBJ (NP Ford Motor Co.) or (NP General Motors Corp.)) (VP to (VP bid (PP-CLR for (NP Jaguar)))))) .)) (TOP (S (ADVP-TMP Suddenly) , (PP-TMP after (NP (QP about 45) minutes)) , (NP-SBJ the U.S. markets) (VP rallied) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The MMI) (VP has (VP gone (ADJP-PRD better)))) , '' (VP shouted (S *T*-1)) (NP-SBJ one trader) (PP-TMP at (NP about 3:15 London time)) , (SBAR-ADV as (S (NP-SBJ the U.S. Major Markets Index contract) (ADVP-TMP suddenly) (VP indicated (NP a turnabout)))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ Wall Street) (VP strengthened))) , (NP-SBJ the London trading room) (VP went (ADJP-PRD wild)) .)) (TOP (S (NP-SBJ Traders) (VP shouted (SBAR-ADV as (S (NP-SBJ their screens) (VP posted (NP (NP an ever-narrowing loss) (PP-LOC on (NP Wall Street))))))) .)) (TOP (S (ADVP-TMP Then) , (ADVP-TMP (NP nine minutes) later) , (NP-SBJ Wall Street) (ADVP suddenly) (VP rebounded (PP-CLR to (NP (NP a gain) (PP on (NP the day))))) .)) (TOP (SINV `` (NP-TPC-1 (NP Rally !) (NP Rally !) (NP Rally !)) '' (VP shouted (NP *T*-1)) (NP-SBJ-2 Shearson trader Andy Rosen) , (S-ADV (NP-SBJ *-2) (VP selling (NP more Jaguar shares))) .)) (TOP (S `` (NP-SBJ This) (VP is (NP-PRD panic buying)) ! '')) (TOP (S (SBAR-TMP As (S (NP-SBJ the London market) (VP rallied))) , (NP-SBJ some) (VP wondered (SBAR whether (S (NP-SBJ (NP the weekend) (PP of (NP worrying and jitters))) (VP had (VP been (PP-PRD worth (NP it))))))) .)) (TOP (S (NP-SBJ The London index) (VP closed (PP-CLR at (NP (NP 2163.4) , (NP (NP its high) (PP for (NP the day))) ,)) (ADVP off (NP (NP 70.5) , or (NP (QP about 3.3) %)))) .)) (TOP (S (NP-SBJ (NP (NP Ambassador Paul Nitze 's) statement) (PRN -LRB- (NP (NP-TTL Notable & Quotable) , (NP-TMP Sept. 20)) -RRB- , ``) (S (SBAR-ADV If (S (NP-SBJ you) (VP have (NP (NP a million people) (VP working (PP for (NP you))))))) , (NP-SBJ (NP every bad thing) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (NP (NP one chance) (PP in (NP a million)) (PP of (S-NOM (NP-SBJ *) (VP going (ADVP-CLR wrong))))))))) (VP will (VP go (ADVP-CLR wrong) (ADVP-TMP (ADVP at least) once (NP-ADV a year))))) , '') (VP is (NP-PRD (NP a (ADJP pretty negative) way) (PP of (S-NOM (NP-SBJ *) (VP looking (PP-CLR at (NP things))))))) .)) (TOP (SQ Is n't (NP-SBJ (NP it) (S *EXP*-1)) (ADJP-PRD just as fair) (S-1 (NP-SBJ *) (VP to (VP say (SBAR that (S (SBAR-ADV if (S (NP-SBJ you) (VP have (NP (NP a million people) (VP working (PP for (NP you))))))) , (NP-SBJ (NP every good thing) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP has (NP (NP one chance) (PP in (NP a million)) (PP of (S-NOM (NP-SBJ *) (VP going (ADVP-CLR right))))))))) (VP will (VP go (ADVP-CLR right) (ADVP-TMP (ADVP at least) once (NP-ADV a year))))))))) ?)) (TOP (S (NP-SBJ *) (VP Do n't (VP be (NP-PRD such a pessimist) , (NP-VOC Mr. Ambassador))) .)) (TOP (NP Frank Tremdine)) (TOP (S (NP-SBJ The House Aviation Subcommittee) (VP approved (NP (NP a bill) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP give (NP the transportation secretary) (NP authority (S (NP-SBJ *) (VP to (VP review and approve (NP (NP leveraged buy-outs) (PP of (NP major U.S. airlines))))))))))))) .)) (TOP (S (NP-SBJ The collapsed plan (S (NP-SBJ *) (VP to (VP acquire (NP (NP UAL Corp.) , (NP (NP parent) (PP of (NP United Airlines))) ,))))) (VP spurred (NP (NP quick action) (PP on (NP (NP the legislation) , (VP (VP introduced (NP *) (NP-TMP Wednesday)) and (VP approved (NP *) (PP by (NP-LGS the subcommittee)) (PP-MNR on (NP a voice vote)) (NP-TMP yesterday))))))) .)) (TOP (S (S (NP-SBJ-2 The bill) (VP is (VP expected (S (NP-SBJ-3 *-2) (VP to (VP be (VP taken (NP *-3) (PRT up) (PP by (NP-LGS the Public Works and Transportation Committee)) (NP-TMP tomorrow)))))))) , and (S (NP-SBJ-1 (NP a floor vote) (PP-TMP by (NP next week))) (VP will (VP be (VP urged (NP *-1))))) .)) (TOP (S (NP-SBJ The measure) (VP drew (NP (NP (NP criticism) (PP from (NP the Bush administration))) and (NP (NP a parting shot) (PP from (NP (NP financier Donald Trump) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (NP-TMP yesterday) (VP withdrew (NP (NP his takeover bid) (PP for (NP (NP AMR Corp.) , (NP (NP the parent) (PP of (NP American Airlines)))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a letter) (PP to (NP (NP subcommittee Chairman James Oberstar) (PRN -LRB- (NP D.) , (NP-LOC Minn.) -RRB-))))) , (NP-SBJ Mr. Trump) (VP (VP criticized (NP the bill) (PP-CLR as (NP an explicit effort (S (NP-SBJ *) (VP to (VP thwart (NP (NP his bid) (PP for (NP AMR))))))))) , and (VP said (SBAR 0 (S (NP-SBJ it) (VP contributed (PP-CLR to (NP (NP the collapse) (PP of (NP the deal))))))))) .)) (TOP (S (NP-SBJ (NP Elaine Chao) , (NP deputy transportation secretary) ,) (ADVP also) (VP sent (NP (NP a letter) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP express (NP (NP (NP the administration 's) opposition) (PP to (NP (NP the bill) `` (PP in (NP its present form))))))))))) . '')) (TOP (S (NP-SBJ Rep. Oberstar) (VP brushed (PRT off) (NP (NP Mr. Trump 's) allegations) (PP-CLR as (NP (NP an `` excuse) (PP for (S-NOM (NP-SBJ his own deal) (VP failing)))))) . '')) (TOP (S (NP-SBJ He) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ the fact (SBAR that (S (NP-SBJ the other letter) (VP had n't (VP come (PP-CLR from (NP Transportation Secretary Samuel Skinner))))))) (VP indicated (SBAR 0 (S (NP-SBJ there) (VP is `` (NP-PRD wiggle room) '' (PP-LOC in (NP (NP the administration 's) position))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Oberstar) and (NP other committee members)) (ADVP repeatedly) (VP stressed (SBAR that (S (NP-SBJ the legislation) (VP was n't (NP-PRD (NP a response) (PP to (NP any particular market situation))))))) .)) (TOP (S But (NP-SBJ they) (VP cited (NP the UAL and AMR examples) (PP as (NP reasons (S (NP-SBJ-1 *) (VP to (VP move (ADVP-MNR quickly) (S-PRP (NP-SBJ *-1) (VP to (VP enact (NP this legislation)))))))))) .)) (TOP (S (NP-SBJ (NP Aides) (PP-LOC both in (NP the House and Senate))) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the withdrawal) (PP of (NP (NP the Trump bid) (PP for (NP AMR))))) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP deflate (NP efforts (S (NP-SBJ *) (VP to (VP push (NP the legislation))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ It) (VP 's (ADVP-TMP still) (PP-LOC-PRD on (NP the fast track)))) and (S (NP-SBJ-1 we) (ADVP-TMP still) (VP want (S (NP-SBJ *-1) (VP to (VP do (NP it))))))) , '' (VP said (S *T*-2)) (NP-SBJ one Senate aide) .)) (TOP (S (NP-SBJ-1 The bill) (VP is (VP aimed (NP *-1) (PP-CLR at (S-NOM (NP-SBJ *) (VP addressing (NP the concern (SBAR that (S (NP-SBJ-2 an airline) (VP might (VP sacrifice (NP costly safety measures) (S-PRP (NP-SBJ *-2) (VP to (VP pay (PRT off) (NP (NP the debt) (VP incurred (NP *) (PP-LOC in (NP a leveraged buy-out))))))))))))))))) .)) (TOP (S (ADVP-TMP Currently) , (NP-SBJ the transportation secretary) (VP (VP does n't (VP have (NP (NP (ADJP clearly established) authority) (PP to (NP block mergers))))) , but (VP can (VP take (NP (NP the drastic step) (PP of (S-NOM (NP-SBJ *) (VP revoking (NP (NP the operating certificate) (PP of (NP (NP any carrier) (SBAR (WHNP-1 0) (S (NP-SBJ the official) (VP considers (S (NP-SBJ *T*-1) (ADJP-PRD unfit))))))))))))))) .)) (TOP (S (NP-SBJ (NP Supporters) (PP of (NP the legislation))) (VP view (NP the bill) (PP-CLR as (NP an effort (S (S (NP-SBJ *) (VP to (VP add (NP stability and certainty) (PP-CLR to (NP the airline-acquisition process))))) , and (S (NP-SBJ *) (VP to (VP preserve (NP (NP the safety and fitness) (PP of (NP the industry)))))))))) .)) (TOP (S (PP In (ADJP general)) , (NP-SBJ the bill) (VP would (VP give (NP the Transportation Department) (NP a 30-day review period) (SBAR-TMP before (S (NP-SBJ-1 (NP 15 % (QP or more)) (PP of (NP (NP the voting stock) (PP of (NP a major U.S. air carrier))))) (VP could (VP be (VP acquired (NP *-1)))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP would (VP require (S (NP-SBJ the acquiring party) (VP (VP to (VP notify (NP the transportation secretary))) and (VP to (VP provide (NP (NP all information) (ADJP relevant (PP to (S-NOM (NP-SBJ *) (VP determining (NP (NP the intent) (PP of (NP the acquisition)))))))))))))) .)) (TOP (S (NP-SBJ The bill) (VP would (VP allow (S (NP-SBJ the secretary) (VP to (VP reject (NP a buy-out) (SBAR-ADV (SBAR if (S (NP-SBJ-1 sufficient information) (VP has n't (VP been (VP provided (NP *-1)))))) , or (SBAR if (S (NP-SBJ-2 the buy-out) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP (VP weaken (NP the carrier) (ADVP-MNR financially)) , (VP result (PP-CLR in (NP (NP a substantial reduction) (PP in (NP (NP size) (PP of (NP the airline)))))) (PP-MNR through (NP (NP disposal) (PP of (NP assets))))) , or (VP give (NP control) (PP-DTV to (NP a foreign interest)))))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 more information) (VP is (VP needed (NP *-1))))) , (NP-SBJ the secretary) (VP would (VP have (NP authority (S (NP-SBJ *) (VP to (VP extend (NP the review period) (NP-EXT 20 days))))))) .)) (TOP (S (NP-SBJ (NP All the witnesses) , (NP both (NP congressmen) and (NP industry experts)) ,) (VP expressed (NP (NP support) (PP for (NP the bill))) (SBAR-PRP in order (S (NP-SBJ *) (VP to (VP prevent (NP-1 profiteers) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP cashing (PRT in) (PP-CLR on (NP airline profits)) (PP at (NP (NP the expense) (PP of (NP safe , cost-effective service)))))))))))) .)) (TOP (S But (NP-SBJ several committee members) (VP disapproved , (S-ADV (NP-SBJ some) (VP backing (NP (NP Mr. Trump 's) claim (SBAR that (S (NP-SBJ (NP the threat) (PP of (NP regulation))) (VP caused (NP (NP (NP the failure) (PP of (NP the UAL deal))) and (NP the stock-market plunge))))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the major concerns) (VP expressed (NP *) (PP by (NP-LGS the dissenters)))))) (VP was (SBAR-PRD that (S (NP-SBJ-1 large airlines) (VP would (VP be (VP prohibited (NP-2 *-1) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP (VP divesting (NP themselves) (PP-CLR of (NP smaller entities))) and (VP producing (NP independent spin-off companies))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a possible prelude) (PP to (NP (NP the resumption) (PP of (NP (NP talks) (PP between (NP (NP Boeing Co.) and (NP striking Machinists union members))))))))) , (NP-SBJ a federal mediator) (VP said (SBAR 0 (S (NP-SBJ (NP representatives) (PP of (NP the two sides))) (VP will (VP meet (PP-CLR with (NP him)) (NP-TMP tomorrow)))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ It) (VP could (VP be (NP-PRD a long meeting)))) or (S (NP-SBJ it) (VP could (VP be (NP-PRD a short one))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Doug Hammond) , (NP the mediator) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP called (S (NP-SBJ the agreement (S (NP-SBJ *) (VP to (VP meet)))) (NP-PRD (NP a first step) (PP toward (NP (NP a resumption) (PP of (NP negotiations)))))))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ-3 We) (VP 're (VP encouraged (NP *-3) (SBAR that (S (NP-SBJ-1 talks) (VP are (VP scheduled (NP *-1) (ADVP-TMP again)))))))) but (S (PP beyond (NP that)) , (NP-SBJ we) (VP have (VP made (NP (NP no expression) (PP of (NP expectations))))))) , '' (NP-SBJ a Boeing spokesman) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ The Machinists union) (VP has (VP rejected (NP (NP a three-year contract offer) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP have (VP provided (NP (NP (NP a (ADJP 10 %) wage increase) (PP over (NP (NP the life) (PP of (NP the pact))))) , plus (NP some bonuses)))))))))) .)) (TOP (S (S-TPC-1 (ADVP-TMP Currently) , (NP-SBJ (NP average pay) (PP for (NP machinists))) (VP is (NP-PRD (NP $ 13.39 *U*) (NP-ADV an hour)))) , (NP-SBJ Boeing) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP (ADVP-TMP Now) in (NP its 13th day)) , (NP-SBJ-1 the strike) (VP (VP has (VP idled (NP (QP about 55,000) machinists))) and (VP has (VP started (S (NP-SBJ *-1) (VP to (VP delay (NP (NP delivery) (PP of (NP some jetliners))))))))) .)) (TOP (S (PP With (NP (NP a strike fund) (PP of (NP (QP about $ 100 million) *U*)))) , (NP-SBJ the union) (VP had (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP prepared (NP *-1) (PP-CLR for (NP a long strike)))))))) .)) (TOP (S (PP-TMP After (NP (NP the third week) (PP on (NP strike)))) , (NP-SBJ-1 union members) (VP will (VP begin (S (NP-SBJ *-1) (VP receiving (NP (NP $ 100 *U*) (NP-ADV a week)) (PP from (NP the fund)))))) .)) (TOP (S (NP-SBJ (NP Work) (PP at (NP Boeing))) (VP continues (PP-MNR with (S-NOM (NP-SBJ (NP supervisors) and (NP other non-striking personnel)) (VP manning (NP the lines))))) .)) (TOP (S And (S-TPC-1 (PP-LOC at (NP (NP the company 's) (NAC-LOC Wichita , Kan. ,) plant)) , (NP-SBJ (NP (QP about 2,400)) (PP of (NP the 11,700 machinists))) (ADVP-TMP still) (VP are (VP working))) , (NP-SBJ Boeing) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC Under (NP Kansas right-to-work laws)) , (NP-SBJ contracts) (VP can not (VP require (S (NP-SBJ workers) (VP to (VP be (NP-PRD union members)))))) .)) (TOP (S (NP-SBJ-2 Boeing) (VP has (VP declined (S (NP-SBJ *-2) (VP to (VP say (SBAR (WHNP-1 (WHADVP how many) employees) (S (NP-SBJ *T*-1) (VP are (VP working (PP-LOC at (NP its giant (NAC-LOC Renton , Wash. ,) plant))))))))))) .)) (TOP (S (NP-SBJ-1 Union officials) (VP could n't (VP be (VP reached (NP *-1) (PP-PRP for (NP comment))))) .)) (TOP (S (NP-SBJ (NP DPC Acquisition Partners) , (NP (NP a hostile suitor) (PP for (NP Dataproducts Corp.))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP intends (S (NP-SBJ *-1) (VP to (VP launch (NP (NP a tender offer) (PP for (NP (NP the computer printer maker 's) common stock)))))))))) .)) (TOP (S (NP-SBJ (NP DPC) , (NP (NP a group) (VP led (NP *) (PP by (NP-LGS the New York investment firm Crescott Inc.)))) ,) (VP (ADVP also) said (SBAR 0 (S (NP-SBJ-2 it) (VP plans (S (NP-SBJ *-2) (VP to (VP file (NP (NP preliminary materials) (VP *ICH*-1)) (PP-CLR with (NP the Securities and Exchange Commission)) (VP-1 regarding (NP a shareholder solicitation (S (NP-SBJ *) (VP to (VP oust (NP (NP Dataproducts ') board))))))))))))) .)) (TOP (S (S (NP-SBJ DPC) (VP (VP holds (NP (NP a (ADJP 7.8 %) stake) (PP in (NP Dataproducts)))) and (VP made (NP (NP a (ADJP $ 15-a-share *U*) bid) (PP for (NP the company))) (PP-TMP in (NP May))))) , but (S (NP-SBJ Dataproducts management) (VP considered (S (NP-SBJ the (ADJP (QP $ 283.7 million) *U*) proposal) (ADJP-PRD unacceptable)))) .)) (TOP (S (NP-SBJ-1 A DPC spokesman) (VP declined (S (NP-SBJ *-1) (VP to (VP elaborate (PP-CLR on (NP (NP the group 's) new plan)))))) .)) (TOP (S (PP-LOC In (NP American Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ-1 Dataproducts shares) (VP jumped (NP-EXT 62.5 cents) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 9.375 *U*)))))) .)) (TOP (S (NP-SBJ (NP Dataproducts) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP been (VP seeking (NP a buyer) (PP-TMP for (NP several months))))))) ,) (VP (VP announced (NP a restructuring plan) (PP-TMP in (NP September))) and (VP took (NP itself) (PP-CLR off (NP the auction block)))) .)) (TOP (S (NP-SBJ (NP The company 's) restructuring) (VP includes (NP plans (S (NP-SBJ *) (VP (VP to (VP split (PP-CLR into (NP three sectors)))) , (VP to (VP phase (PRT out) (NP domestic printer manufacturing operations))) and (VP to (VP sell (NP its New England subsidiary))))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP the plan)))) , (NP-SBJ Dataproducts) (VP announced (NP a pact (S (NP-SBJ *) (VP to (VP sell (NP (NP (QP $ 63 million) *U*) (PP of (NP its real estate holdings))) (PP-DTV to (NP (NP Trizec Properties Inc.) , (NP (NP a unit) (PP of (NP (NP Canada 's) Trizec Corp)))))))))) .)) (TOP (S (NP-SBJ (NP Jack Davis) , (NP (NP Dataproducts ') (NX (NX president) , (NX chairman) and (NX chief executive officer))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the company) `` (VP is (PP-PRD at (NP a loss)) (S-CLR (NP-SBJ *-1) (VP to (VP understand (NP (NP DPC 's) intentions)))))))) . '')) (TOP (S (NP-SBJ He) (VP (VP called (S (NP-SBJ (NP today 's) announcement) `` (ADJP-PRD opportunistic and disruptive) '')) and (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP intends (S (NP-SBJ *-1) (VP to (VP proceed (PP-CLR with (NP its restructuring)))))))))) .)) (TOP (S (S (NP-SBJ Share prices) (VP plummeted (PP-LOC across (NP Europe)) (NP-TMP yesterday) (PP in (NP (NP response) (PP to (NP (NP Friday 's) New York sell-off)))))) , but (S (NP-SBJ some issues) (VP staged (NP a late comeback) (SBAR-TMP after (S (NP-SBJ Wall Street) (VP opened (PP-MNR without (NP another rout))))))) .)) (TOP (S (NP-SBJ European investors) (VP have (NP (NP further reason) (PP for (NP optimism))) (NP-TMP today) , (PP-TMP after (NP the U.S. rebound))) .)) (TOP (S (NP-SBJ (NP The Frankfurt Stock Exchange) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP closed (SBAR-TMP before (S (NP-SBJ the New York exchanges) (VP opened)))))) ,) (VP was (NP-PRD (NP the hardest hit) (PP of (NP the major European markets))) , (PP with (S-NOM (NP-SBJ the DAX Index) (VP dropping (NP-EXT 12.8 %))))) .)) (TOP (S (PP-LOC In (NP London)) , (NP-SBJ-1 prices) (VP (VP plummeted (PP-TMP in (NP early trading))) and (VP were (ADJP-PRD off (NP (QP as much as 9) %)) (PP-TMP before (S-NOM (NP-SBJ-2 *-1) (VP coming (ADVP-CLR back) (ADJP-CLR strong) (PP-TMP after (NP the New York opening)) (S-CLR (NP-SBJ *-2) (VP to (VP close (ADVP-CLR down (NP (QP only 3.2) %)))))))))) .)) (TOP (S (NP-SBJ West German Economics Minister Helmut Haussmann) (VP said , `` (S (PP In (NP my view)) , (NP-SBJ the stock market) (VP will (VP stabilize (ADVP-TMP relatively quickly))))) .)) (TOP (S (S (NP-SBJ There) (VP may (VP be (NP-PRD (ADJP one or other psychological or technical) reactions)))) , but (S (NP-SBJ-1 they) (VP are n't (VP based (NP *-1) (PP-CLR on (NP fundamentals))))) .)) (TOP (S (NP-SBJ (NP The economy) (PP of (NP (NP West Germany) and (NP (NP the EC) (PRN -LCB- (NP European Community) -RCB-))))) (VP is (ADJP-PRD highly stable)) . '')) (TOP (S (NP-SBJ-1 (NP Paris) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP has (VP been (NP-PRD (NP the center) (PP of (NP speculation fever))) (PP-TMP in (NP recent weeks)))))) ,) (ADVP also) (VP was (VP (ADVP hard) hit (NP *-1))) .)) (TOP (S (NP-SBJ Share prices) (VP fell (PP-LOC in (NP Milan , Amsterdam , Zurich , Madrid and Stockholm))) .)) (TOP (S (NP-SBJ (NP Prices) (PP-LOC in (NP (NP Brussels) , (SBAR (WHADVP-1 where) (S (NP-SBJ a computer breakdown) (VP disrupted (NP trading) (ADVP-LOC *T*-1)))) ,))) (ADVP also) (VP tumbled) .)) (TOP (SINV (S-ADV (NP-SBJ *-1) (VP Following)) is (NP-SBJ-1 (NP (NP a breakdown) (PP of (NP major market activity)))) :)) (TOP (NP-HLN FRANKFURT :)) (TOP (S (NP-SBJ (NP One) (PP of (NP the sharpest declines))) (VP came (PP-LOC in (NP (NP the financial center) (PP of (NP (NP Europe 's) strongest economy))))) .)) (TOP (S (NP-SBJ (NP The DAX Index) (PP of (NP 30 West German blue chips))) (VP plunged (NP-EXT (NP 12.8 %) , (NP a one-day record) ,) (S-ADV (NP-SBJ *) (VP wiping (PRT out) (NP (NP the summer 's) gains)))) .)) (TOP (S (NP-SBJ The index) (VP closed (PP-CLR at (NP 1385.72)) , (ADVP down (NP 203.56 points))) .)) (TOP (S (PP By (NP comparison)) , (ADVP-TMP (NP two years) ago) (PP-TMP on (NP Black Monday)) , (NP-SBJ the new index) (VP would (VP have (VP dropped (NP-EXT 9.4 %) , (PP according (PP to (NP (NP a projection) (PP by (NP the exchange)))))))) .)) (TOP (S (NP-SBJ Investors) (VP may (VP have (VP reacted (ADVP-MNR so strongly) (PP-CLR to (NP (NP Friday 's) U.S. stock market loss)) (SBAR-PRP because (S (NP-SBJ they) (VP had (NP (NP vivid memories) (PP of (NP (NP the Frankfurt exchange 's) (S-NOM (NP-SBJ *) (VP losing (NP (NP 35 %) (PP of (NP its value))) (PP-TMP in (NP (NP the 1987 crash) and (NP its wake)))))))))))))) .)) (TOP (S (NP-TMP This time) , (ADVP however) , (NP-SBJ-1 many small investors) (VP may (VP have (VP been (VP hurt (NP-2 *-1) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP acting (ADVP-MNR so swiftly)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP They) (NP all)) (VP went (PP-DIR in (NP the wrong direction)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Andreas Insam) , (NP (NP an investment adviser) (PP for (NP the Bank)) (PP-LOC in (NP (NP Liechtenstein 's) Frankfurt branch)))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP told (NP-1 clients) (S (NP-SBJ *-1) (VP to (VP buy (NP selected West German blue chips) (SBAR-TMP after (S (NP-SBJ they) (VP fell (PP-EXT by (NP (QP about 10) %)))))))))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ-1 the opening) (VP was (VP delayed (NP *-1) (NP-EXT 30 minutes) (PP-PRP because of (NP (NP the crush) (PP of (NP sell orders)))))))) , (NP-SBJ-2 (NP Frankfurt 's) normal two-hour trading session) (VP was (VP extended (NP *-2) (NP-EXT 75 minutes) (S-PRP (NP-SBJ *-2) (VP to (VP handle (NP the heavy volume)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The beginning) (VP was (ADJP-PRD chaotic))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Nigel Longley) , (NP (NP a broker) (PP for (NP Commerzbank AG)))) .)) (TOP (S `` (NP-SBJ It) (VP took (NP (NP three-quarters) (PP of (NP an hour))) (SBAR-TMP before (S (NP-SBJ-1 enough prices) (VP could (VP be (VP worked (NP *-1) (PRT out) (S-PRP (NP-SBJ *) (VP to (VP get (NP (NP a reading) (PP on (NP the market)))))))))))) . '')) (TOP (S (NP-SBJ (NP Institutional investors and bankers) , (SBAR (WHNP-1 (NP many) (WHPP of (WHNP whom))) (S (NP-SBJ-2 *T*-1) (VP spent (NP-TMP (NP the night) (ADVP before)) (PP-LOC in (NP their offices)) (S-ADV (NP-SBJ *-2) (VP watching (NP Far Eastern markets)))))) ,) (VP were (ADJP-PRD cautiously optimistic) (PP-TMP after (NP (NP the mild (ADJP 1.8 %) decline) (PP in (NP Tokyo stock prices))))) .)) (TOP (S `` (NP-SBJ (NP Everybody) (PP *ICH*-1)) (VP was (ADVP-TMP still) (ADJP-PRD confident) , (PP-1 including (NP most institutional investors))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ That) (VP is (SBAR-PRP-PRD (WHADVP-2 why) (S (NP-SBJ-1 everybody) (VP was (VP (NP-ADV a little) surprised (NP *-1) (PP by (NP-LGS (NP the storm) (PP of (NP (NP sell orders) (PP from (NP small private investors)))))) (ADVP-PRP *T*-2))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Norbert Braeuer) , (NP (NP a senior trader) (PP for (NP Hessische Landesbank)))) .)) (TOP (S (S (NP-SBJ-2 (NP Some big institutions) , (PP including (NP banks)) ,) (VP began (S (NP-SBJ *-2) (VP picking (PRT up) (NP lower-priced shares))) (ADVP-TMP late (NP yesterday)))) , but (S (NP-SBJ-3 most investors) (VP wanted (S (NP-SBJ-4 *-3) (VP to (VP see (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP would (VP happen (PP-LOC in (NP New York)))))) (PP-TMP before (S-NOM (NP-SBJ *-4) (VP acting)))))))) .)) (TOP (S But (SBAR-ADV even if (S (NP-SBJ-2 Wall Street) (VP continues (S (NP-SBJ *-2) (VP to (VP stabilize)))))) , (NP-SBJ (NP analysts) (ADVP-LOC here)) (VP say (SBAR 0 (S (NP-SBJ (NP the latest blow) (PP to (NP investor confidence))) (VP could (VP inhibit (NP (NP a swift recovery) (PP for (NP (NP the Frankfurt exchange) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP already) (VP was (VP showing (NP (NP signs) (PP of (NP weakness))) (SBAR-TMP after (S (NP-SBJ the DAX) (VP had (VP slipped (PP-DIR from (NP (NP a 1989 high) (PP of (NP 1657.61)))) (PP-TMP on (NP Sept. 8)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP (NP West Germany 's) bluest chips))) (VP took (NP (NP some) (PP of (NP the biggest hits)))) .)) (TOP (S (NP-SBJ (NP (NP A (ADJP 16.3 %) drop) (PP for (NP Mannesmann AG))) and (NP (NP Dresdner Bank AG 's) (ADJP 9.6 %) decline)) (VP were (ADJP-PRD especially problematic (PP for (NP (NP their respective boards) , (SBAR (WHNP-1 (WHNP whose plans) (PP for (NP (NP major rights issues) (PP-TMP in (NP November))))) (S (NP-SBJ *T*-1) (VP could (ADVP-TMP now) (VP be (PP-PRD in (NP jeopardy)))))))))) .)) (TOP (S (NP-SBJ Dresdner Bank) (NP-TMP last month) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP hoped (S (NP-SBJ-2 *-1) (VP to (VP raise (NP (NP (QP 1.2 billion) marks) (PRN -LRB- (NP (QP $ 642.2 million) *U*) -RRB-)) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP issuing (NP (QP four million) shares) (PP at (NP (NP 300 marks) (NP-ADV each))))))))))))) .)) (TOP (S (ADVP Yet) (NP-SBJ (NP yesterday 's) market) (VP cropped (NP (NP Dresdner 's) share price) (PP-EXT by (NP 33 marks)) (PP-DIR to (NP (NP 309 marks) (NP-ADV a share))) , (S-ADV (NP-SBJ *) (VP leaving (NP little incentive (SBAR for (S (NP-SBJ investors) (VP to (VP subscribe (PP-CLR to (NP the standing price)) (SBAR-ADV unless (S (NP-SBJ the market) (VP recovers (ADVP-MNR quickly)))))))))))) .)) (TOP (NP-HLN LONDON :)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Headed (PP-DIR toward (NP (NP a record drop) (PP-TMP at (NP midday)))))) , (NP-SBJ-1 the London stock market) (VP recouped (NP (NP two-thirds) (PP of (NP its losses))) (PP-TMP in (NP (NP the wake) (PP of (NP (NP New York 's) early rally))))) .)) (TOP (S (NP-SBJ-1 The Financial Times-Stock Exchange 100 Share Index) (VP closed (ADVP-CLR off (NP 70.5 points)) , (PP-CLR at (NP (NP 2163.4) , (NP (NP its high) (PP for (NP the day))) ,)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP having (VP plunged (NP 204.2 points) (PP-TMP at (NP 12:49 p.m))))))) .)) (TOP (S-CLF (NP-SBJ It) (VP was (NP-PRD (NP big institutions) (PP such as (NP (NP Norwich Union Insurance Group) , (NP Scottish Amicable Investment Managers) and (NP Standard Life Assurance Co.)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP spearheaded (NP the rally))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP (VP Attracted (NP *-2) (PP by (NP-LGS low prices))) and (VP encouraged (NP *-2) (PP by (NP-LGS (NP New York 's) performance))))) , (NP-SBJ-1 they) (VP scooped (PRT up) (NP equities) (PP-LOC across (NP the board))) .)) (TOP (S (NP-SBJ Volume) (VP was (NP-PRD (NP (QP 959.3 million) shares) , (NP (QP more than triple) recent levels))) .)) (TOP (NP-HLN PARIS :)) (TOP (S (NP-SBJ Late buying) (VP gave (NP the Paris Bourse) (NP a parachute) (PP-TMP after (NP (NP its free fall) (ADVP-TMP early (PP in (NP the day)))))) .)) (TOP (S (NP-SBJ The CAC General Index) (VP ended (ADVP-CLR down (NP 5.4 %)) (PP-CLR at (NP (NP 523.6) , (NP (NP a drop) (PP of (NP 29.6 points)) (PP-TMP from (NP Friday)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ There) (VP was (NP-PRD (NP a volatility) (PP-LOC in (NP the market)) (SBAR (WHNP-1 that) (S (NP-SBJ I) (VP have (ADVP-TMP never) (VP seen (NP *T*-1) (ADVP-TMP before)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Michel Vigier) , (NP (NP a partner) (PP-LOC in (NP brokerage firm Cholet Dupont)))) .)) (TOP (S `` (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Wall Street) (VP turned (ADVP-CLR around) (PP-TMP (ADVP shortly) after (NP the opening)) (ADVP-TMP *T*-1)))) , (NP-SBJ there) (VP was (NP-PRD panic buying) (PP-LOC in (NP Paris))) . '')) (TOP (S (NP-SBJ Brokers) (VP said (SBAR that (S (SBAR-ADV as (S (NP-SBJ the news (SBAR *ICH*-3)) (VP spread (SBAR-3 that (S (NP-SBJ Wall Street) (VP was (VP moving (PRT up)))))))) , (NP-SBJ-2 (NP traders) (SBAR (WHNP-4 who) (S (NP-SBJ-1 *T*-4) (VP had (VP called (S-PRP (NP-SBJ *-1) (VP to (VP place (NP sell orders))))))))) (VP changed (NP their line) (PP-TMP in (NP mid-conversation)) , (S-ADV (NP-SBJ *-2) (VP ordering (NP buys) (ADVP instead))))))) .)) (TOP (S (NP-SBJ-1 Trading) (VP was (VP driven (NP *-1) (ADVP primarily) (PP by (NP-LGS small investors and speculators)) , (PP with (S-NOM (NP-SBJ large institutions) (VP waiting (PP-LOC on (NP the sidelines)) (PP-TMP until (ADVP late (PP in (NP the day))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Wall Street) (VP turned (ADVP-TMP *T*-1)))) , (ADVP however) , (NP-SBJ-2 the big boys) (VP entered (NP the market) , (S-ADV (NP-SBJ *-2) (VP looking (PP-CLR for (NP bargains))))) .)) (TOP (S (NP-SBJ J.P. Morgan & Co.) (VP swung (PP-DIR to (NP a loss)) (PP-TMP in (NP the third quarter)) , (SBAR-ADV while (S (S (NP-SBJ NCNB Corp.) (VP reported (SBAR 0 (S (NP-SBJ net income) (VP (ADVP more than) doubled))))) , and (S (NP-SBJ Security Pacific Corp. net) (VP rose (NP-EXT 10 %)))))) .)) (TOP (NP J.P. Morgan & Co .)) (TOP (S (NP-SBJ J.P. Morgan) , (SBAR-ADV as (S (NP-SBJ-1 *) (VP expected (NP *-1)))) , (VP posted (NP (NP a (ADJP (QP $ 1.82 billion) *U*) net loss) (PP for (NP the quarter))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP (NP the New York bank 's) decision (S *ICH*-2)) (NP-TMP last month) (S-2 (NP-SBJ *) (VP to (VP add (NP (QP $ 2 billion) *U*) (PP-CLR to (NP reserves)) (PP for (NP (NP losses) (PP on (NP (NP loans) (PP to (NP less-developed countries))))))))))))) .)) (TOP (S (NP-SBJ The reserve addition) (VP placed (NP (NP the parent) (PP of (NP Morgan Guaranty Trust Co.))) (PP-LOC among (NP (NP a few major U.S. banks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP covered (NP (NP nearly all their (ADJP medium and long-term) portfolios) (PP to (NP less-developed countries))) (PP-MNR with (NP reserves))))))))) .)) (TOP (S (NP-SBJ (NP The latest quarter 's) loss) (VP equals (NP (NP $ 9.92 *U*) (NP-ADV a share))) .)) (TOP (S (PP-TMP In (NP the year-earlier quarter)) , (NP-SBJ Morgan) (VP earned (NP (NP (QP $ 233.6 million) *U*) , or (NP (NP $ 1.25 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ (NP George M. Salem) , (NP (NP analyst) (PP-LOC at (NP Prudential-Bache Securities Inc.))) ,) (VP called (S (NP-SBJ the results) `` (ADJP-PRD mildly disappointing))) . '')) (TOP (S (S-TPC-2 (S-ADV (NP-SBJ *-3) (VP (VP Excluding (NP the (ADJP (QP $ 2 billion) *U*) provision)) and (VP allowing (PP-CLR for (NP (NP the taxes) (SBAR (WHNP-1 0) (S (NP-SBJ Morgan) (VP paid (NP *T*-1))))))))) , (NP-SBJ-3 earnings) (VP were (NP-PRD (NP (QP about 65) cents) (NP-ADV a share)))) , (NP-SBJ Mr. Salem) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Morgan) (VP climbed (NP-EXT (NP $ 1.50 *U*) (NP-ADV a share)) (PP-DIR to (NP $ 44.125 *U*))) .)) (TOP (S (NP-SBJ Net interest income) (VP sank (NP-EXT 27 %) (PP-TMP in (NP the quarter)) (PP-DIR to (NP (QP $ 254 million) *U*)) (PP-DIR from (NP (QP $ 347 million) *U*))) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP The interest rate) (PP on (NP (NP short-term funds) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 banks) (VP borrow (NP *T*-1) (S-PRP (NP-SBJ *-3) (VP to (VP finance (NP (NP longer-term loans) (PP to (NP customers))))))))) ,))) (VP was `` (ADJP-PRD sharply higher))) , '' (NP-SBJ Morgan) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S (NP-SBJ Morgan) (VP received (NP (NP (QP $ 2 million) *U*) (PP of (NP (NP interest payments) (PP on (NP its (ADJP medium and long-term) Brazilian loans))))))) ; (S (S-TPC-1 (SBAR-ADV (SINV had (NP-SBJ they) (VP been (VP accruing (NP interest))))) , (NP-SBJ net interest income) (VP would (VP have (VP been (ADJP-PRD (NP-ADV (QP $ 35 million) *U*) higher) (PP-TMP in (NP the quarter)))))) , (NP-SBJ Morgan) (VP said (SBAR 0 (S *T*-1)))) .)) (TOP (S (NP-SBJ-1 (NP Such loans) (PP to (NP Argentina))) (VP (ADVP also) remain (ADJP-PRD classified (PP as (ADJP non-accruing))) , (S-ADV (NP-SBJ *-1) (VP costing (NP the bank) (NP (NP (QP $ 10 million) *U*) (PP of (NP interest income))) (PP-TMP in (NP the third period))))) .)) (TOP (S (NP-SBJ (NP Income) (PP from (NP (NP sources) (ADJP (ADJP other) (PP than (NP interest)))))) (VP climbed (NP-EXT 12 %) (PP-DIR to (NP (QP $ 414 million) *U*)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP higher (UCP corporate-finance and other) fees) and (NP (NP gains) (PP on (NP (NP sales) (PP of (NP investment securities))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 These increases) (VP were (VP (ADVP partly) offset (NP *-1) (PP by (NP-LGS lower trading-related '' income))))) , (NP-SBJ the bank) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Non-interest expenses) (VP grew (NP-EXT 16 %) (PP-DIR to (NP (QP $ 496 million) *U*))) .)) (TOP (NP NCNB Corp .)) (TOP (S (NP-SBJ (NP NCNB Corp. 's) net income) (VP (ADVP more than) doubled (PP-TMP in (NP the period)) , (PP-PRP (ADVP largely) because of (NP (NP continued strong performance) (PP by (NP (NP the bank 's) Texas operations))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Charlotte , N.C. ,) company) (VP said (SBAR 0 (S (NP-SBJ earnings) (VP rose (PP-DIR to (NP (NP (QP $ 143.6 million) *U*) , or (NP (NP $ 1.45 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 58.9 million) *U*) , or (NP (NP 69 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ The latest quarter) (VP included (NP (NP a gain) (PP of (NP (NP (QP $ 56.1 million) *U*) , or (NP (NP 59 cents) (NP-ADV a share)) ,)) (ADJP related (PP to (NP (NP the purchase) (PP of (NP (NP the remaining 51 %) (PP of (NP NCNB Texas National Bank)))) (PP from (NP the Federal Deposit Insurance Corp))))))) .)) (TOP (S (NP-SBJ The strong performance) , (ADVP however) , (VP contrasted (PP-CLR with (NP (NP an (ADJP unexpectedly large) increase) (PP in (NP (NP the size) (PP of (NP (NP NCNB 's) problem loans)))))) , (PP-LOC (ADVP particularly) in (NP the Southeast))) .)) (TOP (S (PP-TMP In (NP the third quarter)) , (NP-SBJ nonperforming assets) (VP jumped (PP-DIR to (NP (NP (QP $ 474.1 million) *U*) , or (NP (NP 1.43 %) (PP of (NP net loans and leases))) ,)) (PP-DIR from (NP (NP (QP $ 232.8 million) *U*) , or (NP 1.13 %)) (PP-TMP in (NP the second quarter)))) .)) (TOP (S (NP-SBJ Nonperformers) (VP totaled (NP (NP (QP $ 230.8 million) *U*) , or (NP 1.27 %)) (PP-TMP in (NP the year-ago third quarter))) .)) (TOP (SINV (VP-TPC-3 Included (NP *-4) (PP-CLR in (NP (NP the increase) (PP-TMP in (NP the (ADJP most recent) quarter))))) (VP is (VP *T*-3)) (NP-SBJ-4 (NP a (ADJP (QP $ 33 million) *U*) loan) , (SBAR (WHNP-2 which) (S (NP-SBJ NCNB) (VP said (SBAR 0 (S (NP-SBJ it) `` (VP expects (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP (ADVP fully) repaid (NP *-1) , (PP-MNR with (NP no loss)) , (ADVP-TMP early (PP in (NP the fourth quarter)))))))))))))) . '')) (TOP (S (NP-SBJ (NP The deterioration) (PP in (NP credit quality))) (VP offset (NP (NP (NP strong loan growth) (PP of (NP 17 %)) (PP-LOC in (NP (NP NCNB 's) Southeast operations))) , (CONJP as well as) (NP (NP a (ADJP 28 %) growth) (PP in (NP deposits)) (VP resulting (PP-CLR from (NP an aggressive marketing campaign)))))) .)) (TOP (S (NP-SBJ-1 (NP The higher rates) (VP paid (NP *) (PP on (NP deposits)))) (VP (ADVP also) helped (S (NP-SBJ *-1) (VP squeeze (NP (NP (NP NCNB 's) net interest margin) (PP-LOC in (NP the Southeast))) (PP-DIR to (NP 3.38 %)) (PP-DIR from (NP 3.80 %) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (PP-LOC In (NP Big Board composite trading)) (NP-TMP yesterday) , (NP-SBJ NCNB) (VP jumped (NP-EXT (NP $ 3.50 *U*) (NP-ADV a share)) , (PP-DIR to (NP $ 51 *U*))) .)) (TOP (S (NP-SBJ-1 Results) (VP were (VP released (NP *-1) (SBAR-TMP after (S (NP-SBJ the market) (VP closed))))) .)) (TOP (S (NP-SBJ (NP NCNB Texas National) , (VP formed (NP *) (PP-CLR from (NP (NP the remnants) (X of) (PP of (NP (NP the failed First RepublicBank Corp.) (PP of (NP Dallas))))))) ,) (VP contributed (NP (QP $ 76.9 million) *U*) (PP-CLR to (NP (NP NCNB 's) bottom line)) (PP-TMP in (NP the third quarter))) .)) (TOP (S (NP-SBJ NCNB) (VP said (SBAR 0 (S (NP-SBJ its third-quarter results) (VP reflect (NP (NP 100 %) (PP of (NP (NP earnings) (PP of (NP the Texas operation)) (PP-TMP since (NP Aug. 1))))))))) .)) (TOP (S (NP-SBJ-1 NCNB) (VP raised (NP (NP (QP some $ 1.9 billion) *U*) (PP in (NP new capital))) (PP-TMP during (NP the quarter)) (S-PRP (NP-SBJ-2 *-1) (VP (VP to (VP complete (NP the NCNB Texas purchase))) , and (VP to (VP acquire (NP several small failed thrifts) (S-PRP (NP-SBJ *-2) (VP to (VP fill (PRT out) (NP its regional franchise))))))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ the banking company) (VP said (SBAR 0 (S (NP-SBJ it) (VP purchased (NP both (NP (NP Freedom Savings & Loan Association) , (NP-LOC (NP Tampa) , (NP Fla.) ,)) and (NP (NP University Federal Savings Association) (PP of (NP (NP San Antonio) , (NP-LOC Texas) ,)))) (PP-CLR for (NP (QP $ 169.4 million) *U*)))))) .)) (TOP (S (PP-TMP In (NP the first nine months)) , (NP-SBJ (NP NCNB 's) net income) (VP climbed (NP-EXT 65 %) (PP-DIR to (NP (NP (QP $ 310.9 million) *U*) , or (NP (NP $ 3.30 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 188.2 million) *U*) , or (NP (NP $ 2.22 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))) .)) (TOP (NP Security Pacific Corp .)) (TOP (S (S (NP-SBJ (NP Security Pacific 's) earnings growth) (VP slowed (PP-TMP in (NP the third quarter)))) , but (S (NP-SBJ-1 the Los Angeles bank holding company) (VP was (ADVP-TMP still) (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP post (NP (NP a (ADJP 10 %) increase) (PP in (NP net income))) (PP-PRP because of (NP (NP robust growth) (PP in (NP residential real-estate and consumer loans)))))))))) .)) (TOP (S (NP-SBJ Net) (VP rose (PP-DIR to (NP (NP (QP $ 185.1 million) *U*) , or (NP (NP $ 1.55 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 167.9 million) *U*) , or (NP (NP $ 1.47 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ the gain) (VP resulted (ADVP mainly) (PP-CLR from (NP (NP a (ADJP (QP $ 54 million) *U*) increase) (PP in (NP net interest income)))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP (NP a (ADJP 33 %) increase) (PP in (NP (NP real estate loans) (PRN -LRB- (ADJP mainly residential) -RRB-)))) , and (NP (NP a (ADJP 19 %) rise) (PP in (NP consumer loans)))))))))) .)) (TOP (S (NP-SBJ These high-yielding loans) (ADVP in effect) (VP replaced (NP (NP some low-yielding assets) (PP such as (NP (NP inter-bank loans) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP were (VP allowed (S (NP-SBJ *-2) (VP to (VP decrease))))))))))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ (NP Security Pacific 's) net interest margin) (VP fell (NP-EXT (NP (QP only 13) basis points) , (NP (NP a (ADJP more mild) decrease) (PP than (NP (NP some major banks) (PP-LOC outside (NP California)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (VP been (VP reporting (NP (ADJP more sluggish) earnings))))))))))) .)) (TOP (S (NP-SBJ Security Pacific shares) (VP closed (PP-CLR at (NP $ 44.625 *U*)) , (ADVP down (NP 37.5 cents)) , (PP-LOC in (NP Big Board composite trading))) .)) (TOP (S (NP-SBJ The earnings) (VP represent (NP (NP (NP a (ADJP 0.89 %) return) (PP on (NP assets)) (PP for (NP Security Pacific))) , and (NP (NP an (ADJP 18.9 %) return) (PP on (NP equity))))) .)) (TOP (S (NP-SBJ The loan growth) (VP offset (NP (NP continuing real-estate loan losses) (PP-LOC in (NP the depressed Arizona market)))) .)) (TOP (S (NP-SBJ Security Pacific) (VP reported (NP (NP a (ADJP 33 %) increase) (PP in (NP net credit losses)) (PP-TMP for (NP the quarter)) , (PP-DIR to (NP (QP $ 109 million) *U*)) (PP-DIR from (NP (QP $ 81.9 million) *U*) (PP-TMP in (NP the year-ago period))))) .)) (TOP (S (NP-SBJ Nonperforming loans) (VP grew (ADVP-MNR slightly) (PP-DIR to (NP (QP $ 1.75 billion) *U*) (PP-TMP at (NP Sept. 30))) , (PP-DIR from (NP (QP $ 1.7 billion) *U*) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ (NP Security Pacific 's) loan-loss provision) (VP was (ADVP-PRD down (NP (NP 22 %) , or (NP (QP $ 30.4 million) *U*) ,)) (SBAR-PRP because (S (NP-SBJ it) (VP added (PP-CLR to (NP its foreign-debt reserve)) (ADVP-TMP (NP the year) before))))) .)) (TOP (S (NP-SBJ Non-interest income) (VP fell (NP-EXT 6 %) (PP-TMP in (NP the quarter)) , (PP-PRP (ADVP mainly) because of (NP (NP an unusual gain) (ADVP-TMP (NP a year) earlier) (PP from (NP (NP the sale) (PP of (NP Hong Kong banking operations))))))) .)) (TOP (S (NP-SBJ Non-interest expense) (VP grew (NP-EXT (QP only 4) %) (PP-TMP in (NP the period))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ net) (VP rose (NP-EXT 17 %) (PP-DIR to (NP (NP $ (QP 548.9 million) *U*) , or (NP (NP $ 4.67 *U*) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 469.4 million) *U*) , or (NP (NP $ 4.13 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ LIN Broadcasting Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP wo n't (VP take (NP (NP a position) (PP on (NP (NP a revised tender offer (S *ICH*-1)) (PP by (NP McCaw Cellular Communications Inc.)) (S-1 (NP-SBJ *) (VP to (VP buy (NP LIN))))))))) and (VP has (VP asked (PP-CLR for (NP (NP clarification) (PP of (NP the offer)))))))))) .)) (TOP (S (NP-SBJ (NP The new offer) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP seeks (NP (NP 50.3 %) (PP of (NP the (UCP cellular and broadcasting) concern)))))) ,) (VP is (PP-PRD for (NP (NP $ 125 *U*) (NP-ADV a share) (PP for (NP (QP 22 million) LIN shares))))) .)) (TOP (S (NP-SBJ (NP McCaw 's) revised tender offer) (VP would (VP require (S (NP-SBJ McCaw) (VP to (VP begin (NP (NP an auction process) (SBAR *ICH*-1)) (PP-TMP in (NP July 1994)) (SBAR-1 (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP buy (PRT out) (NP remaining holders) (PP-CLR at (NP (NP a per-share price) (ADJP roughly equivalent (PP to (SBAR-NOM (WHNP-3 what) (S (NP-SBJ-4 a third party) (VP might (ADVP-TMP then) (VP have (S (NP-SBJ *-4) (VP to (VP pay (NP *T*-3) (PP-CLR for (NP (NP all) (PP of (NP LIN)))))))))))))))))))))))) .)) (TOP (S (NP-SBJ LIN) (VP is (VP asking (NP-2 McCaw) (S (NP-SBJ *-2) (VP to (VP clarify (NP (NP its tender offer) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP challenges (NP (NP an agreement (S *ICH*-3)) (PP between (NP (NP BellSouth Corp.) and (NP LIN))) (S-3 (NP-SBJ *) (VP to (VP merge (NP their cellular-telephone businesses)))))))))))))) .)) (TOP (S (NP-SBJ BellSouth) (VP has (VP notified (NP LIN) (SBAR that (S (NP-SBJ it) (VP would `` (ADVP-TMP shortly) (VP respond (PP-CLR to (NP the McCaw proposal)) (PP-MNR in (NP (NP (ADJP as full and effective) a manner) (SBAR as (S (NP-SBJ-1 *) (VP is (VP warranted (NP *-1))))))))))))) . '')) (TOP (S (NP-SBJ The LIN board) (VP said (SBAR 0 (S (NP-SBJ-1 holders) (VP may (VP be (VP misled (NP *-1) (PP by (NP-LGS (NP the provision) (PP-LOC in (NP the McCaw proposal)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP `` guarantees '' (NP private market value) (PP-TMP after (NP five years)) (PP for (NP the remaining shares))))))))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ McCaw) (VP has `` (NP no obligation (S (NP-SBJ *) (VP to (VP purchase)))))) and (S (NP-SBJ (NP the definition) (PP of (NP private market value))) (VP is (ADJP-PRD uncertain)))) , '' (NP-SBJ the LIN board) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ The board) (VP added (SBAR that (S (NP-SBJ-2 McCaw) (VP (VP would (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP control (NP (NP LIN 's) operations))))))) and (VP could , `` (ADVP therefore) , (VP operate (NP LIN) (PP-MNR in (NP (NP a manner) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP could (VP diminish (NP (NP its private market value) and (NP (NP attractiveness) (PP to (NP a third-party purchaser)))) (PP-TMP in (NP five years)))))))))))))) . '')) (TOP (S (PP-LOC In (NP national over-the-counter trading)) , (NP-SBJ LIN) (VP closed (PP-CLR at (NP $ 104.75 *U*)) , (ADVP down (NP $ 2.75 *U*))) .)) (TOP (S (NP-SBJ (NP A group) (PP of (NP (NP institutional investors) (PP-LOC in (NP Telerate Inc.))))) (VP said (SBAR that (S (NP-SBJ (NP (NP Dow Jones & Co. 's) (ADJP $ 18-a-share *U*) offer) (PP for (NP the electronic financial information services company))) (VP is `` (ADJP-PRD grossly inadequate))))) . '')) (TOP (S (PP-LOC In (NP (NP a letter) (VP filed (NP *) (PP-CLR with (NP the Securities and Exchange Commission))))) , (NP-SBJ (NP the group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP holds (NP (NP (QP about 4.5 million) Telerate shares) , or (NP (NP (QP about 4.7) %) (PP of (NP (NP the shares) (ADJP outstanding)))))))) ,) (VP said `` ... (S (PP-TMP at (NP present)) (S (NP-SBJ (NP none) (PP of (NP us))) (VP believes (SBAR 0 (S (NP-SBJ (NP an offer) (PP for (NP (NP (QP less than $ 25) *U*) (PP per (NP share))))) (VP would (VP be (ADJP-PRD fair))))))) and (S (NP-SBJ some) (VP believe (SBAR that (S (NP-SBJ $ 25 *U*) (VP is (ADJP-PRD too low)))))))) . '')) (TOP (S (NP-SBJ-1 The letter) (VP was (VP dated (NP *-1) (NP-CLR Oct. 6))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ Telerate shares) (VP closed (NP-TMP yesterday) (PP-CLR at (NP $ 18.875 *U*)) , (ADVP down (NP (NP 75 cents) (NP-ADV a share)))) .)) (TOP (S (S (NP-SBJ (NP Dow Jones) , (NP (NP publisher) (PP of (NP The Wall Street Journal))) ,) (VP has (VP launched (NP an (ADJP (ADJP $ 18-a-share *U*) , or (ADJP (QP $ 576 million) *U*) ,) tender offer (S (NP-SBJ *) (VP to (VP acquire (NP (NP the remaining Telerate shares) (ADJP outstanding))))))))) ; (S (NP-SBJ Dow Jones) (VP owns (NP (NP 67 %) (PP of (NP Telerate))))) .)) (TOP (S (NP-SBJ Telerate) (VP has (VP rejected (NP (NP the offer) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP expires (NP-TMP-CLR Nov. 3))))))) .)) (TOP (S (NP-SBJ The group) (VP includes (NP (NP (NP Putnam Cos.) and (NP (NP various affiliates) (VP based (NP *) (PP-LOC-CLR in (NP Boston))))) ; (NP (NP Wells Fargo Bank) , (NP-LOC San Francisco)) ; (NP (NP the California Public Employees Retirement System) , (NP-LOC (NP Sacramento) , (NP Calif.))) , and (NP (NP T. Rowe Price Associates Inc.) , (NP-LOC Baltimore)))) .)) (TOP (S (PP-LOC Among (NP other issues)) , (NP-SBJ (NP the group 's) letter) (VP said (SBAR 0 (S (NP-SBJ it) (VP has `` (NP (NP concerns) (PP as (PP to (SBAR whether (S (NP-SBJ (NP Dow Jones 's) offer) (VP meets (NP (NP the applicable requirements) (PP of (NP procedural fairness))))))))))))) . '')) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP Dow Jones))) (VP (VP said (SBAR 0 (S (NP-SBJ he) (VP had n't (VP seen (NP (NP the group 's) filing)))))) , but (VP added , `` (S (ADVP obviously) (NP-SBJ Dow Jones) (VP disagrees (PP-CLR with (NP their conclusions)))))) .)) (TOP (S (NP-SBJ Our offer) (VP is (S-PRD (NP-SBJ *) (VP to (VP buy (NP (NP (ADJP any and all) shares) (VP tendered (NP *) (PP-CLR at (NP (NP $ 18 *U*) (NP-ADV a share))))))))) .)) (TOP (S (NP-SBJ U.S. Trade Representative Carla Hills) (VP said (SBAR 0 (S (NP-SBJ (NP the first dispute-settlement panel) (VP set (PRT up) (PP-LOC under (NP the U.S.-Canadian `` free trade '' agreement)))) (VP has (VP ruled (SBAR that (S (NP-SBJ (NP (NP Canada 's) restrictions) (PP on (NP (NP exports) (PP of (NP (NP Pacific salmon) and (NP herring)))))) (VP violate (NP the accord))))))))) .)) (TOP (S (NP-SBJ Mrs. Hills) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the U.S.) and (NP Canada)) (VP have (PP-TMP-CLR until (NP Nov. 13)) (S (NP-SBJ *-1) (VP to (VP resolve (NP the dispute)))))))) .)) (TOP (S-2 (SBAR-ADV If (S (NP-SBJ-1 a solution) (VP is n't (VP reached (NP *-1) (PP-TMP by (NP then)))))) , (PRN (S (NP-SBJ she) (VP said (S *T*-2)))) , (NP-SBJ the U.S.) (VP would (VP have (NP the right (S (NP-SBJ *) (VP to (VP suspend (NP (NP some trade concessions) (PP to (NP Canada)) (ADJP equivalent (PP in (NP value)) (PP to (NP (NP the losses) (VP suffered (NP *) (PP by (NP-LGS (NP U.S. fish-processing companies) (PP-LOC in (NP (NP Alaska) and (NP the Pacific Northwest)))))))))))))))) .)) (TOP (S (ADVP However) , (PP-LOC in (NP Ottawa)) , (NP-SBJ Canadian Trade Minister John Crosbie) (VP said (SBAR 0 (S (NP-SBJ the dispute-settlement panel) (VP accepted (NP (NP the `` legitimacy) (PP of (NP (NP (NP Canada 's) position) (PP on (NP (NP the use (S *ICH*-1)) (PP of (NP these landing requirements)) (S-1 (NP-SBJ *) (VP to (VP conserve and manage (NP these important fisheries))))))))))))) . '')) (TOP (S (S-ADV (NP-SBJ *-1) (VP Questioned (PP-CLR about (NP (NP the seeming contradiction) (PP-LOC in (NP (NP the (UCP U.S. and Canadian) government views) (PP of (NP (NP the panel 's) report)))))))) , (NP-SBJ-1 (NP an aide) (PP for (NP Mrs. Hills))) (VP said (SBAR 0 (S (NP-SBJ the panel) (VP had (VP (ADVP-MNR clearly) ruled (SBAR that (S (NP-SBJ the Canadian trade restrictions) `` (VP are (ADJP-PRD illegal))))))))) . '')) (TOP (S (NP-SBJ-1 The U.S. trade representative) (VP declined (S (NP-SBJ *-1) (VP to (VP put (NP a dollar estimate) (PP-PUT on (NP (NP the losses) (VP resulting (PP-CLR from (NP the Canadian export restrictions))))))))) .)) (TOP (S (NP-SBJ Canada) (ADVP-TMP initially) (VP had (NP (NP an export prohibition) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP was (VP replaced (NP *-1) (PP by (NP-LGS (NP regulations) (VP requiring (SBAR that (S (NP-SBJ-4 such fish) (VP had (S (NP-SBJ-2 *-4) (VP to (VP be (VP brought (NP *-2) (ADVP-DIR-CLR ashore) (PP-LOC in (NP British Columbia)) (PP by (NP-LGS commercial fishermen)) (ADVP-TMP prior (PP to (NP export))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 This action) (VP was (VP defended (NP *-1) (PP by (NP-LGS the Canadian government)) (PP-MNR on (NP conservation grounds)))) .)) (TOP (S (NP-SBJ Mrs. Hills) (VP said (NP-TMP yesterday) (SBAR that (S (NP-SBJ the dispute-settlement panel) (VP rejected (NP this Canadian government argument))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP (ADVP fully) expect (SBAR that (S (NP-SBJ Canada) (VP will (VP comply (PP-CLR with (NP (NP the panel 's) ruling '' (SBAR that (S (NP-SBJ-1 the `` landing requirement '') (ADVP also) (VP must (VP be (VP ended (NP *-1)))))))))))))) , (NP-SBJ she) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (ADVP-TMP Earlier) , (NP-SBJ (NP an international panel) (VP set (NP *) (PRT up) (PP-LOC under (NP (NP the rules) (PP of (NP (NP the General Agreement) (PP on (NP Tariffs and Trade)) (PP-LOC in (NP Geneva)))))))) (VP determined (SBAR that (S (NP-SBJ the original Canadian fish-export restrictions) (VP violated (NP GATT rules))))) .)) (TOP (S (NP-SBJ Mrs. Hills) (VP said (SBAR 0 (S (NP-SBJ the U.S.) (VP wo n't (VP accept (NP any delays) (PP-TMP after (NP Nov. 13)) (SBAR-PRP because (S (NP-SBJ U.S. fish-processing firms) (VP enter (PP-CLR into (NP contracts (S *ICH*-1))) (PP-TMP in (NP the fall)) (S-1 (NP-SBJ *) (VP to (VP purchase (NP (NP the next season 's) catch)))))))))))) .)) (TOP (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ-1 the Canadian restrictions) (VP must (VP be (VP removed (NP *-1) (SBAR-TMP before (S (NP-SBJ-2 such contracts) (VP are (VP concluded (NP *-2))))))))))) .)) (TOP (NP-TTL Idle Thought)) (TOP (S (S-PRP (NP-SBJ *) (VP (VP To (VP spend (NP a carefree , idle day))) , (VP (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ duty) (VP calls (ADVP-TMP *T*-2)))) , to (VP pay (NP no heed))) , (VP To (VP while (NP the precious hours) (PRT away))))) -- (NP-SBJ Character) (VP is (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ you) (VP need (NP *T*-1))))) .)) (TOP (NP -- May Richstone .)) (TOP (NP-TTL Telecussed)) (TOP (S (NP-SBJ-1 (NP The guy) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP throws (NP an intercept) (SBAR-PRP 'Cause (S (NP-SBJ his receiver) (VP slips))))))) (VP Should (VP (ADVP somehow) be (VP advised (NP *-1) (SBAR that (S (NP-SBJ (NP we) (PP-LOC At (NP home))) (VP can (VP read (NP his lips)))))))) .)) (TOP (NP -- Dick Emmons .)) (TOP (S (NP-SBJ BancOklahoma Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP completed (NP (NP a restructuring agreement) (VP (ADVP-TMP previously) agreed (PP-CLR to (NP *)) (PP by (NP-LGS (NP the Federal Deposit Insurance Corp.) , (NP creditor banks) and (NP subordinated debenture holders))))))))) .)) (TOP (S (NP-SBJ The plan) (VP would (VP permit (S (NP-SBJ the bank holding company) (VP to (VP retire (NP its bank and debenture obligations) (PP-MNR through (NP (NP exchanges) (PP of (NP cash and equity))))))))) .)) (TOP (S (NP-SBJ-2 (NP The FDIC) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (PP-TMP in (NP 1986)) (VP provided (NP (NP (QP $ 130 million) *U*) (PP in (NP open-bank assistance))) (PP to (NP (NP BancOklahoma 's) (NAC Bank (PP of (NP-LOC (NP Oklahoma) , (NP Tulsa) ,))) unit)))))) (VP will (VP continue (S (NP-SBJ *-2) (VP to (VP maintain (NP (NP (QP $ 90 million) *U*) (PP in (NP preferred stock))) (PP-LOC in (NP the Tulsa bank unit))))))) .)) (TOP (S (PP In (NP (NP exchange) (PP for (NP the other (QP $ 40 million) *U*)))) , (NP-SBJ the FDIC) (VP will (VP receive (NP (NP additional warrants) (VP entitling (S (NP-SBJ it) (VP to (VP buy (NP (NP 60 %) (PP of (NP (NP (NP BancOklahoma 's) common stock) (ADJP outstanding)))) , (ADVP up (PP from (NP (NP the (ADJP 55 %) option) (SBAR (WHNP-1 0) (S (NP-SBJ the FDIC) (VP received (NP *T*-1) (PP-LOC under (NP (NP terms) (PP of (NP the 1986 capital infusion))))))))))))))))) .)) (TOP (S (S-TPC-3 (PP In (NP (NP exchange) (PP for (NP (NP the (QP $ 76 million) *U*) (SBAR (WHNP-2 0) (S (NP-SBJ-1 they) (VP are (VP owed (NP *-1) (NP *T*-2))))))))) , (NP-SBJ creditor banks) (VP will (VP receive (NP (NP (NP (QP 3.9 million) shares) (PP of (NP BancOklahoma common stock))) and (NP (NP the proceeds) (PP from (NP (NP the future sales) (PP of (NP four subsidiary banks)) (PP to (NP private buyers))))))))) , (NP-SBJ the bank holding company) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (S-TPC-2 (PP-LOC (ADVP Also) under (NP the agreement)) , (NP-SBJ debenture holders) (VP will (VP get (NP (NP (QP one million) shares) (PP of (NP common stock))) (PP in (NP (NP exchange) (PP for (NP (NP (QP $ 7.7 million) *U*) (PP in (NP debentures)))))))) and (S (NP-SBJ (NP holders) (PP of (NP (NP BancOklahoma 's) series A preferred stock))) (VP will (VP receive (NP (NP 1.25 shares) (PP of (NP common stock)) (PP for (NP (NP every share) (PP of (NP preferred)) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP own (NP *T*-1))))))))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (FRAG (NP (NP (NP Bear Stearns 's) chief economist) , (NP Lawrence Kudlow) ,) (PP-LOC in (NP (NP the Sept. 29 issue) (PP of (NP (NP the firm 's) Global Spectator)))) :)) (TOP (S (SBAR-ADV (SINV Were (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD true) (SBAR-1 that (S (NP-SBJ a weak currency) (VP paves (NP (NP the way) (PP for (NP trade surpluses)))))))) , (ADVP-TMP then) (ADVP presumably) (NP-SBJ Argentina) (VP would (VP be (NP-PRD (NP the center) (PP of (NP (NP today 's) global economy))))) .)) (TOP (S (NP-SBJ BSN Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP begin (NP an offer (S *ICH*-1)) (NP-TMP tomorrow) (S-1 (NP-SBJ *) (VP to (VP exchange (NP (NP (NP (QP up to one million)) (PP of (NP its common shares))) and (NP (NP all) (PP of (NP (NP (NP its (QP $ 16.6 million) *U*) (PP in (NP (ADJP (QP 7 3) %) convertible debentures))) (ADJP due (NP-TMP 2001)))))) (PP for (NP (NP a package) (PP of (NP new debt and common stock warrants)))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP terms) (PP of (NP the offer)))) , (NP-SBJ the sporting goods maker) (VP will (VP swap (NP (NP (NP (ADJP $ 9 *U*) face amount) (PP of (NP (NP (ADJP (QP 9 1) %) subordinated notes) (ADJP due (NP-TMP 1996))))) and (NP one warrant)) (PP-CLR for (NP each common share)))) .)) (TOP (S (NP-SBJ Each warrant) (VP allows (S (NP-SBJ the holder) (VP to (VP buy (NP one BSN share) (PP-CLR for (NP (NP $ 10.75 *U*) (NP-ADV a share))) (PP-TMP at (NP (NP any time) (PP over (NP the next seven years)))))))) .)) (TOP (S (NP-SBJ BSN) (ADVP-TMP currently) (VP has (NP (NP (QP 4.6 million) common shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ BSN) (ADVP also) (VP is (VP offering (NP (NP (NP (ADJP $ 850 *U*) face amount) (PP of (NP new notes))) and (NP 64 common-stock warrants)) (PP for (NP (NP each (ADJP $ 1,000 *U*) face amount) (PP of (NP (NP its convertible debt) (ADJP outstanding))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP can (VP redeem (NP the warrants) (PP at (NP its option)) (PP-CLR for (NP (NP $ 1 *U*) (NP-ADV each)))))))) .)) (TOP (S (NP-SBJ The offer) (VP is n't (ADJP-PRD contingent (PP on (NP (NP a certain amount) (PP of (NP debt or stock)) (VP being (VP exchanged (NP *))))))) .)) (TOP (S (NP-SBJ BSN) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP is (VP making (NP the offer) (S-PRP (NP-SBJ *-1) (VP to (VP (VP shrink (NP its capital)) and (VP increase (NP shareholder value)))))))))) .)) (TOP (SINV (S-TPC-1 (SBAR-ADV If (S (NP-SBJ (NP all the bondholders and holders) (PP of (NP (QP one million) common shares))) (VP accept (NP the offer)))) , (S (NP-SBJ BSN) (VP will (VP increase (NP its debt) (PP-EXT by (NP (QP $ 9 million) *U*))))) , but (S (NP-SBJ it) (ADVP also) (VP will (VP recognize (NP (NP a (ADJP (QP $ 2 million) *U*) gain) (PP from (S-NOM (NP-SBJ *) (VP retiring (NP the old debt))))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Michael J. Blumenfeld) , (NP president)) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP have (NP (NP sufficient cash flow) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP handle (NP that)))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ-1 The offers) (VP are (VP scheduled (S (NP-SBJ *-1) (VP to (VP expire (PP-TMP-CLR in (NP (ADJP mid to late) November))))))) .)) (TOP (S (NP-SBJ (NP Merrill Lynch & Co. 's) net income) (VP dropped (NP-EXT 37 %) , (SBAR-ADV while (S (S (NP-SBJ Bear Stearns Cos.) (VP posted (NP (NP a (ADJP 7.5 %) gain) (PP in (NP net))))) , and (S (NP-SBJ (NP PaineWebber Group Inc. 's) profit) (VP (VP fell) , but (VP would (VP have (VP risen (PP-MNR without (NP a special gain)) (ADVP-TMP (NP a year) ago))))))))) .)) (TOP (S (PP-LOC At (NP Merrill Lynch)) , (NP-SBJ third-period net) (VP was (NP-PRD (NP (QP $ 41 million) *U*) , or (NP (NP 34 cents) (NP-ADV a share)) ,) (ADVP down (PP from (NP (NP (QP $ 65.6 million) *U*) , or (NP (NP 58 cents) (NP-ADV a share))) , (ADVP-TMP (NP a year) ago)))) .)) (TOP (S (NP-SBJ Total revenue) (VP reached (NP (QP $ 2.83 billion) *U*) , (ADVP up (NP 10 %) (PP from (NP (QP $ 2.57 billion) *U*)))) .)) (TOP (S (NP-SBJ (NP (NP The firm 's) drop) (PP in (NP net))) (VP reflected (NP (NP (NP weaker revenue) (PP in (NP (NP transactions) (PP for (NP its own account))))) -- (NP (NP a decline) (PP of (NP 19 %)) (PP-DIR to (NP (QP $ 314.6 million) *U*)) (PP on (NP (NP reduced revenue) (PP from (S-NOM (NP-SBJ *) (VP trading (NP fixed-income securities))))))))) .)) (TOP (S (NP-SBJ Investment banking revenue) (VP fell (NP-EXT 22 %) (PP-DIR to (NP (QP $ 296.6 million) *U*)) (PP-CLR on (NP fewer (UCP equity and municipal) underwritings))) .)) (TOP (S (NP-SBJ (NP Merrill Lynch 's) commission revenue) (VP grew (NP-EXT 21 %) , (ADVP however) , (PP-DIR to (NP (QP $ 462.8 million) *U*)) , (PP-CLR (PP on (NP higher share prices and volume)) and (PP on (NP (NP strong sales) (PP of (NP mutual funds)))))) .)) (TOP (S (NP-SBJ (NP Revenue) (VP derived (NP *) (PP-CLR from (NP interest and dividends)))) (VP jumped (NP-EXT 30 %) (PP-DIR to (NP (QP $ 1.4 billion) *U*))) .)) (TOP (S (NP-SBJ Asset-management fee revenue) (VP grew (NP-EXT 12 %) (PP-DIR to (NP (QP $ 151 million) *U*))) .)) (TOP (S (NP-SBJ The brokerage) (ADVP also) (VP reported (NP (NP a loss) (PP of (NP (QP $ 2.2 million) *U*)) (PP from (NP (NP the discontinued operations and disposal) (PP of (NP its Fine Homes International Limited Partnership real-estate subsidiary)))))) .)) (TOP (S (NP-SBJ Bear Stearns) (VP said (SBAR 0 (S (NP-SBJ (NP net) (PP in (NP (NP the first quarter) (VP ended (NP *) (NP-TMP Sept. 29))))) (VP reached (NP (NP (QP $ 22.1 million) *U*) , or (NP (NP 23 cents) (NP-ADV a share)) ,) (PP-DIR from (NP (NP (QP $ 20.5 million) *U*) , or (NP (NP 20 cents) (NP-ADV a share))) , (PP-TMP in (NP the year-earlier quarter))))))) .)) (TOP (S (NP-SBJ Gross revenue) (VP rose (NP-EXT 21 %) (PP-DIR to (NP (QP $ 580.4 million) *U*)) (PP-DIR from (NP (QP $ 478.9 million) *U*))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Profit) (PP from (NP (NP trading) (PP for (NP its own account))))) (VP dropped)) , (NP-SBJ the securities firm) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Investment banking revenue) (VP climbed (NP-EXT 25 %) , (SBAR-ADV while (S (NP-SBJ commission revenue) (VP advanced (NP-EXT 31 %) (PP on (NP a stronger retail market)))))) .)) (TOP (S (NP-SBJ Bear Stearns) (VP is (NP-PRD (NP the holding company) (PP for (NP (NP Bear , Stearns & Co.) , (NP the investment banking and brokerage firm))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Bear Stearns shares) (VP closed (PP-CLR at (NP $ 13.625 *U*)) , (ADVP down (NP 25 cents))) .)) (TOP (S (ADVP Separately) , (NP-SBJ PaineWebber) (VP posted (NP (NP net income) (PP for (NP the third quarter)) (PP of (NP (NP (QP $ 16.8 million) *U*) , or (NP (NP 41 cents) (NP-ADV a share)) ,))) (S-ADV (NP-SBJ *) (VP reflecting (NP (NP a `` broad-based improvement '') (PP-LOC in (NP (NP the company 's) core businesses)))))) .)) (TOP (S (S (NP-SBJ Retail profit) (VP surged)) , but (S (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (NP-PRD (NP only a `` modest contributor '') (PP to (NP third-quarter results)))))))) .)) (TOP (S (ADVP-TMP (NP A year) ago) , (NP-SBJ (NP net) (PP-LOC at (NP the New York investment banking firm))) (VP was (NP-PRD (NP (QP $ 20.9 million) *U*) , or (NP (NP 50 cents) (NP-ADV a share)) ,) (PP including (NP (NP a special pretax gain) (PP of (NP (QP $ 46.3 million) *U*)) (PP from (NP (NP the sale) (PP of (NP (NP (NP the company 's) interest) (PP in (NP National Car Rental Systems Inc))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP was (NP-PRD (NP (QP $ 444.9 million) *U*) , (PP including (NP net interest)) ,) (ADVP down slightly (PP from (NP (QP $ 450.7 million) *U*)))) .)) (TOP (S (PP-LOC In (NP Big Board composite trading)) (NP-TMP yesterday) , (NP-SBJ PaineWebber) (VP closed (PP-CLR at (NP $ 18.50 *U*)) , (ADVP up (NP 75 cents))) .)) (TOP (S (NP-SBJ Seafirst Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP (NP an agreement (S *ICH*-1)) (PP with (NP builder Martin Selig)) (S-1 (NP-SBJ *) (VP to (VP purchase (NP (NP its headquarters building) , (NP the Columbia Seafirst Center) ,) (PP-CLR for (NP (QP $ 354 million) *U*)))))))))) .)) (TOP (S (NP-SBJ (NP Purchase) (PP of (NP the 76-story structure))) (VP is (ADJP-PRD subject (PP to (NP (NP (NP execution) (PP of (NP a definitive agreement))) , (NP (NP approval) (PP by (NP (NP the boards) (PP of (NP (NP Seafirst) and (NP its parent company BankAmerica Corp.)))))) , and (NP (NP approval) (PP by (NP regulators))))))) .)) (TOP (S (NP-SBJ The market upheaval) (ADVP apparently) (VP has n't (VP triggered (NP any cash crunch) -- (ADVP-TMP yet))) .)) (TOP (S (S (NP-SBJ (NP (NP Individual investors) , (NP investment firms) and (NP arbitragers)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP speculate (PP-CLR-LOC in (NP (NP the stocks) (PP of (NP takeover candidates)))))))) (VP can (VP suffer (NP liquidity and payment problems) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ stocks) (VP dive (ADVP-TMP *T*-2))))))) ; (S (NP-SBJ-3 those investors) (ADVP often) (VP (VP borrow (ADVP-MNR heavily) (S-PRP (NP-SBJ *-3) (VP to (VP buy (NP their holdings))))) and (VP use (NP the stocks) (PP-CLR as (NP (NP collateral) (PP for (NP loans))))))) .)) (TOP (S But (NP-SBJ several large banks) (VP said (NP-TMP yesterday) (SBAR 0 (S (NP-SBJ they) (VP detected (NP (NP no signs) (PP of (NP (NP unusual demand) (PP for (NP credit)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP signal (NP such difficulties)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're (VP seeing (NP (NP nothing) (PP out (PP of (NP the ordinary))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP one official) (PP-LOC at (NP a Top 10 bank))) .)) (TOP (S `` (NP-SBJ That) (VP 's (NP-PRD good news) , (SBAR-PRP because (S (NP-SBJ (NP we) (NP all)) (VP swim (PP-LOC in (NP this water)))))) . '')) (TOP (SINV (VP Added (S *ICH*-2)) (NP-SBJ (NP another executive) (PP-LOC at (NP a big bank))) : `` (S-2 (S (NP-SBJ-3 We) (VP were all (ADJP-PRD (NP-ADV a little) goosey) (PP-TMP over (NP the weekend)) (S-ADV (NP-SBJ-4 *-3) (VP trying (S (NP-SBJ *-4) (VP to (VP forecast (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP would (VP happen -LCB- (NP-TMP Monday) -RCB-))))))))))) , but (S (NP-SBJ it) (VP 's (VP been (ADJP-PRD very quiet))))) .)) (TOP (FRAG (ADVP-TMP Now) , (PP as (PP for (NP tomorrow))) , (INTJ hell) , (SBARQ (WHNP-1 who) (SQ (NP-SBJ *T*-1) (VP knows))) ?)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP happened (NP-TMP Friday)))) (VP shows (SBAR that (S (NP-SBJ-2 financial markets) (VP are not (ADVP-TMP yet) (VP (ADVP sufficiently) coordinated (NP-3 *-2) (S-PRP-CLR (NP-SBJ *-3) (VP to (VP handle (NP (NP another meltdown) (PP in (NP prices))))))))))) .)) (TOP (S (NP-SBJ (NP No fiddling) (PP with (NP systems and procedures))) (VP will (ADVP-TMP ever) (VP prevent (NP-1 markets) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP suffering (NP (NP a panic wave) (PP of (NP selling)))))))) .)) (TOP (S But (NP-SBJ markets) (VP can (VP operate (PP-MNR with (NP (ADJP greater or lesser) efficiency)))) .)) (TOP (S (PP-TMP After (NP the 1987 plunge)) , (NP-SBJ markets) (VP agreed (SBAR that (S (NP-SBJ (NP it) (S *EXP*-1)) (VP would (VP be (ADJP-PRD wise) (S-1 (NP-SBJ *) (VP to (VP halt (NP trading) (SBAR-TMP (WHADVP-2 whenever) (S (NP-SBJ panic conditions) (VP arose (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ The New York Stock Exchange) (VP adopted (NP (NP two specific circuit breakers) : (S (S (SBAR-ADV If (S (NP-SBJ the Dow Jones index) (VP falls (NP-EXT 250 points) (PP-TMP in (NP a day))))) , (NP-SBJ the exchange) (VP will (VP halt (NP trading) (PP-TMP for (NP one hour))))) ; (S (SBAR-ADV if (S (NP-SBJ the decline) (VP hits (NP 400 points)))) , (NP-SBJ the exchange) (VP will (VP close (PP-TMP for (NP an additional two hours)))))))) .)) (TOP (S (NP-SBJ The rationale) (VP is (SBAR-PRD that (S (NP-SBJ (NP an interruption) (PP of (NP trading))) (VP will (VP allow (S (NP-SBJ investors) (VP to (VP (VP reconsider (NP their strategies)) , (VP calm (NP sellers)) and (VP lead (S (NP-SBJ buyers) (VP to (VP enter (NP the market) (PP-CLR at (NP indicated new price levels)))))))))))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-2)) (VP is (ADJP-PRD impossible) (S-2 (NP-SBJ *) to (VP know (SBAR-NOM whether (S (NP-SBJ that theory) (VP is (ADJP-PRD realistic))))))) .)) (TOP (S (NP-SBJ (NP A temporary cessation) (PP of (NP trading))) (VP may (ADVP indeed) (VP discourage (NP-1 a selling panic) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP feeding (PP-CLR on (NP itself))))))) .)) (TOP (S But (NP-SBJ there) (VP is (ADVP also) (NP-PRD the possibility (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP shutting (PRT down) (NP markets))) (VP will (VP (VP intensify (NP fears)) and (VP cause (NP (NP an (ADJP even more abrupt) slide) (PP in (NP prices)))))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP happened (NP-TMP Friday)))) (VP was (NP-PRD (NP the worst) (PP of (NP all worlds)))) .)) (TOP (S (NP-SBJ The futures exchanges) (VP (VP followed (NP their own pre-set circuit breakers)) and (VP shut (PRT down) (PP-TMP at (NP about 3 p.m.)) (PP-TMP for (NP 30 minutes)) , (SBAR-TMP after (S (NP-SBJ (NP the Standard & Poor 's) 500 stock index) (VP had (VP fallen (NP-EXT (NP 12 points) , or (NP (NP (QP about 100) points) (PP on (NP the Dow Jones index)))))))))) .)) (TOP (S (NP-SBJ Options markets) (VP stopped (NP (NP trading) (PP in (NP many securities)))) .)) (TOP (S (NP-SBJ The New York Stock Exchange) , (PP-LOC under (NP its own rules)) , (VP remained (ADJP-PRD open)) .)) (TOP (S (PP With (NP (NP nowhere else) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP go (ADVP-LOC *T*-1))))))) , (NP-SBJ (NP sellers) (PRN , and (ADVP particularly) (NP program traders) ,)) (VP focused (NP all their selling) (PP-CLR on (NP the New York Stock Exchange))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ (NP liquidity) (PP-LOC on (NP that market))) (VP weakened))) , (NP-SBJ prices) (VP fell (ADVP-MNR sharply)) .)) (TOP (S (SBAR-ADV (SINV Had (NP-SBJ the futures and options markets) (VP been (ADJP-PRD open)))) , (S (NP-SBJ-1 additional liquidity) (VP would (VP have (VP been (VP provided (NP *-1)))))) and (S (NP-SBJ the decline) , (ADVP most probably) , (VP would (VP have (VP been (ADJP-PRD less intense))))) .)) (TOP (S (PP-TMP At (NP 3:30)) , (PP-TMP after (NP (NP intense telephone negotiations) (PP between (NP (NP the trading markets) and (NP Washington))))) , (NP-SBJ the futures exchanges) (VP reopened) .)) (TOP (S (NP-SBJ-1 Futures trading) , (ADVP however) , (VP was (VP halted (NP *-1) (ADVP altogether) (PP-TMP at (NP 3:45)) , (SBAR-TMP after (S (NP-SBJ the futures markets) (VP had (VP dropped (NP (NP an additional 30 points) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (NP-PRD (NP the daily limit) (PP for (NP price declines))))))))))))) .)) (TOP (S (PP-TMP At (NP this point)) , (NP-SBJ the options markets) (ADVP also) (VP (VP shut (PRT down)) and (VP (ADVP-TMP once more) left (S (NP-SBJ-2 all sales) (VP to (VP be (VP handled (NP *-2) (PP by (NP-LGS the New York Stock Exchange)))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP recognize (SBAR that (S (NP-SBJ-2 (NP the New York Stock Exchange) , (NP the futures markets) and (NP the options markets)) , (ADVP though (ADJP physically separate)) , (VP have (ADVP actually) (VP become (VP (ADVP so closely) intertwined (NP-3 *-2) (PP-CLR as (S-NOM (NP-SBJ *-3) (VP to (VP constitute (NP one market) (ADVP effectively)))))))))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ Traders) (VP can (VP (VP vary (NP their strategies)) and (VP execute (NP their orders) (PP in (NP (NP any one) (PP of (NP them))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (ADVP therefore) (VP makes (NP no sense) (SBAR-1 for (S (NP-SBJ each market) (VP to (VP adopt (NP different circuit breakers)))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP (VP achieve (NP maximum liquidity)) and (VP minimize (NP price volatility))))) , either (S (NP-SBJ-1 all markets) (VP should (VP be (ADJP-PRD open (PP to (NP trading)))))) or (S (NP-SBJ=1 none)) .)) (TOP (S (S (NP-SBJ Synchronized circuit breakers) (VP would not (VP have (VP halted (NP (NP the slide) (PP in (NP prices)) (PP-TMP on (NP Friday))))))) , but (S (NP-SBJ they) (ADVP probably) (VP would (VP have (VP made (PP-CLR for (NP smoother , (ADJP less volatile) executions)))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP time) (SBAR for (S (NP-SBJ (NP the exchanges) and (NP the Securities and Exchange Commission)) (VP to (VP agree (PP-CLR on (NP (NP joint conditions) (PP for (S-NOM (NP-SBJ *) (VP (VP halting (NP trading)) or (VP staying (ADJP-PRD open))))))))))))) .)) (TOP (S (NP-SBJ *) (VP Let (NP 's) (VP not have (S (S (NP-SBJ one market) (VP shut (PRT down) (PP-TMP for (NP 30 minutes)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the Dow) (VP declines (NP 100 points) (ADVP-TMP *T*-1)))))) and (S (NP-SBJ another) (VP shut (PRT down) (PP-TMP for (NP an hour)) (PP-TMP after (NP a 250-point decline))))))) .)) (TOP (S (NP-SBJ (NP The need) (PP for (NP (NP hurried last-minute telephone negotiations) (PP-LOC among (NP market officials))))) (VP will (VP disappear (SBAR-TMP once (S (NP-SBJ (NP rules) (SBAR *ICH*-1)) (VP are (PP-PRD in (NP place)) (SBAR-1 (WHNP-2 that) (S (NP-SBJ *T*-2) (VP synchronize (NP circuit breakers) (PP-LOC in (NP all markets)))))))))) .)) (TOP (S (NP-SBJ The new circuit breakers) , (SBAR-ADV if (S (NP-SBJ they) (VP are (S-PRD (NP-SBJ-1 *) (VP to (VP be (VP applied (NP *-1) (ADVP at all)))))))) , (VP will (VP require (SBAR that (S (NP-SBJ futures and options trading) (VP continue (ADVP-TMP (ADVP as long) (SBAR as (S (NP-SBJ the New York Stock Exchange) (VP remains (ADJP-PRD open)))))))))) .)) (TOP (S (NP-SBJ-3 The rules) (VP should (VP be (VP established (NP *-3) (PP-MNR by (NP (NP agreement) (PP of (NP (NP the officials) (PP of (NP all affected exchanges)) (VP acting (PP (PP-LOC under (NP (NP the oversight) (PP *RNR*-2))) and (PP with (NP (NP the approval) (PP *RNR*-2))) (PP-2 of (NP the government regulatory agencies))))))))))) .)) (TOP (S (SBAR-ADV (SINV Should (NP-SBJ-3 (NP the SEC) and (NP (NP the Commodities Futures Trading Commission) (PRN -LRB- (SBAR (WHNP-2 which) , (S (PP with (NP the SEC)) , (NP-SBJ *T*-2) (VP regulates (NP the Chicago stock-index markets)))) -RRB-))) (VP be (ADJP-PRD unable (S (NP-SBJ *-3) (VP to (VP agree))))))) , (NP-SBJ-4 the issue) (VP may (VP have (S (NP-SBJ-1 *-4) (VP to (VP be (VP resolved (NP *-1) (PP by (NP-LGS (NP decision) (PP of (NP the Treasury secretary)))))))))) .)) (TOP (S (PP In (NP many ways)) , (NP-SBJ-1 our financial markets) (VP are (ADJP-PRD (ADJP better prepared (S *ICH*-2)) (SBAR *ICH*-3)) (NP-TMP today) (S-2 (NP-SBJ *-1) (VP to (VP handle (NP a decline)))) (SBAR-3 than (S (NP-SBJ they) (VP were (ADJP-PRD *?*) (ADVP-TMP (NP two years) ago))))) .)) (TOP (S (NP-SBJ The New York Stock Exchange) (ADVP-TMP now) (VP has (NP the capacity (S (NP-SBJ *) (VP to (VP handle (NP (NP a volume) (PP of (NP (NP (QP nearly a billion) shares) (NP-ADV a day))))))))) .)) (TOP (S (S (NP-SBJ-4 (NP Telephone service) (PP *ICH*-3)) (VP has (VP been (VP improved (NP *-4) (PP-3 for (NP (NP customers) (VP trying (S (NP-SBJ *) (VP to (VP reach (NP their brokers))))))))))) , and (S (NP-SBJ (NP specialists) -- (SBAR (WHNP-1 who) (S (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ *T*-1) (VP should (VP stay)))) , (PP despite (NP (NP the urgings) (PP of (NP some post-crash critics))))))) --) (VP have (NP larger capital positions))) .)) (TOP (S -LRB- (PP Of (NP course)) , (NP-SBJ (NP (NP specialists ') actions) (ADVP alone)) (VP can (ADVP-TMP never) (VP prevent (NP (NP a major crack) (PP-LOC in (NP stock prices))))) .)) (TOP (S (NP-SBJ *) (VP Witness (NP the fact (SBAR that (S (NP-SBJ (NP trading) (PP in (NP some stocks))) (VP (VP closed (ADVP-TMP (ADVP early) (NP-TMP Friday))) and (VP opened (ADVP-TMP (ADVP late) (NP-TMP Monday))) (PP-PRP because of (NP (NP an excess) (PP of (NP sell orders))))))))) . -RRB-)) (TOP (S But (NP-SBJ (NP the task) (PP of (S-NOM (NP-SBJ *) (VP improving (NP market performance))))) (VP remains (ADJP-PRD unfinished)) .)) (TOP (S (NP-SBJ (NP Mr. Freund) , (NP (NP former chief economist) (PP of (NP the New York Stock Exchange))) ,) (VP is (NP-PRD (NP a professor) (PP of (NP economics)) (PP-LOC at (NP (NP (NP Pace University 's) business school) (PP-LOC in (NP New York)))))) .)) (TOP (S-HLN (NP-SBJ A UNIFIED EUROPE) (VP poses (NP (NP labor problems and prospects) (PP for (NP U.S. firms)))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The `` social dimension '') (PRN -- (NP worker concerns) --) (PP of (NP (NP the European Community 's) plan (S (NP-SBJ *) (VP to (VP open (NP its internal borders) (PP-TMP in (NP 1992)))))))) (VP could (VP set (NP the effort) `` (PP-CLR off (NP the rails)) '' (SBAR-ADV if (S (NP-SBJ-2 *) not (VP done (NP *-2) (ADVP-MNR reasonably))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ General Electric senior vice president Frank Doyle) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP U.S. companies) (VP wanting (S (NP-SBJ *) (VP to (VP expand (PP-LOC in (NP Europe))))))) (VP face (NP (NP `` tough pressure '') (PP from (NP unions))) (PP-LOC in (NP (NP nations) (PP such as (NP West Germany)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP play (NP a big consulting role) (PP in (NP management decisions))))))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP FMC Corp.) and (NP Baxter International)) (VP say (SBAR 0 (S (NP-SBJ unions) (ADVP also) (VP wo n't (VP like (NP (NP (NP plant relocations) and (NP needed restructuring)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP means (NP layoffs)))))))))) .)) (TOP (S (S-TPC-3 (S (NP-SBJ-1 Many employers) (VP have (ADVP already) (VP begun (S (NP-SBJ *-1) (VP moving (PP-DIR to (NP (NP (NP southern countries) (PP such as (NP Spain and Italy))) , (SBAR (WHADVP-2 where) (S (S (NP-SBJ wages) (VP are (ADJP-PRD low))) and (S (NP-SBJ unions) (VP are (ADJP-PRD weaker))) (ADVP-LOC *T*-2)))))))))) ; (S (NP-SBJ (NP demand) (PP for (NP trained labor and managers))) (VP will (VP rise (ADVP-LOC there)))) ,) (NP-SBJ FMC) (VP says (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Pfizer , Fluor and GE) (VP see (NP (NP big `` EC 92 '' pluses) : (NP (NP (NP a push) (PP for (NP job training))) and (NP (NP ease) (PP in (S-NOM (NP-SBJ *) (VP (VP moving) and (VP finding (NP workers))))))))) .)) (TOP (S-HLN (S-NOM-SBJ (NP-SBJ *) (VP CLUBBING (NP A FAN))) (VP was n't (NP-PRD (NP the Baltimore Orioles ') fault)) .)) (TOP (SINV (ADVP-CLR-TPC-1 So) (VP said (ADVP-CLR *T*-1)) (NP-SBJ a federal judge) , (PP-LOC in (NP (NP a case) (VP involving (NP (NP two players) (PP for (NP (NP the minor league (NAC-LOC Bluefield , Va. ,) Orioles) , (NP a Baltimore farm team))))))) .)) (TOP (S (NP-SBJ-1 The players) (VP were (VP heckled (NP *-1) (PP by (NP-LGS a patron)) (PP-TMP during (NP (NP a (NAC-TMP July 4 , 1988 ,) game) (PP with (NP the Martinsville Phillies)))))) .)) (TOP (S (S-TPC-1 (PP Like (NP (NP its parent) (NP-TMP that year))) , `` (NP-SBJ Bluefield) (VP was not (VP having (NP a good year)))) , '' (NP-SBJ the judge) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP After (NP the game)) (PRN -LRB- `` (S (S-TPC-1 (NP-SBJ-2 Bluefield) (VP lost , (ADVP 9-8) , (S-ADV (NP-SBJ *-2) (VP stranding (NP three runners) (PP-TMP in ... (NP the ninth)))))) , '' (NP-SBJ he) (VP noted (S *T*-1))) -RRB-) , (NP-SBJ trouble) (VP began) .)) (TOP (S-1 (NP-SBJ (NP More taunting) (PP-LOC in (NP the parking lot))) (PRN , (S (NP-SBJ the players) (VP said (SBAR 0 (S *T*-1)))) ,) (VP led (PP-CLR to (NP a fight))) .)) (TOP (S (NP-SBJ The fan) (VP said (SBAR (SBAR 0 (S (NP-SBJ-1 he) (VP was (VP punched and kicked (NP *-1) (PP by (NP-LGS one player)))))) and (SBAR that (S (NP-SBJ the other) (VP broke (NP his jaw) (PP-MNR with (NP a baseball bat))))))) .)) (TOP (S (NP-SBJ-2 The judge) (VP dismissed (NP (NP (NP the fan 's) suit) (PP against (NP the team))) , (ADVP however) , (S-ADV (NP-SBJ *-2) (VP ruling (S (NP-SBJ the Orioles) (ADJP-PRD (ADJP innocent (PP of (NP negligent hiring))) , and (ADJP not responsible (PP for (NP (NP a fight) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (PP-LOC-PRD outside (NP (NP the players ') employment))))))))))))) .)) (TOP (S-HLN (NP-SBJ (NP PROPOSALS) (PP *ICH*-1)) (VP ARISE (PP-1 for (S-NOM (NP-SBJ *) (VP coping (PP-CLR with (NP (NP the shortage) (PP of (NP nurses)))))))) .)) (TOP (S (NP-SBJ An (NAC Association (PP of (NP Academic Health Centers))) report) (VP urges (S (NP-SBJ *) (VP freeing (NP nurses) (PP-CLR from (NP (NP duties) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do n't (VP require (NP special skills)))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP recommends (NP (NP better retirement and day-care benefits) , and (S-NOM (NP-SBJ *) (VP basing (NP pay) (PP-CLR on (NP (NP education) , (NP experience) and (NP (NP nurses ') demanding work schedules))))))) .)) (TOP (S But (S (NP-SBJ it) (VP opposes (NP (NP an American Medical Association proposal) (PP for (S-NOM (NP-SBJ *) (VP creating (NP a `` registered care technologist))))) , '' (PP as `` (ADJP potentially divisive) ''))) ; (S (NP-SBJ it) (VP says (SBAR 0 (S (NP-SBJ the job) (VP would (VP entail (NP (NP an unwanted new doctor 's) `` bedside '' extension))))))) .)) (TOP (S (NP-SBJ (NP (QP Over a third)) (PP of (NP (NP 618 hospitals) (VP surveyed (NP *) (PP by (NP-LGS consultant Hewitt Associates)))))) (VP use (NP (NP a `` clinical ladder) , '' (VP basing (NP advancement) (PP-CLR on (NP performance and education))))) .)) (TOP (S (NP-SBJ Many) (ADVP also) (VP use (NP (NP recruiting bonuses) , (NP tuition reimbursement) , (NP loan repayment) or (NP child-care help))) .)) (TOP (S (NP-SBJ Some) (VP give (NP lump-sum incentives)) .)) (TOP (S (NP-SBJ-1 MRA Staffing Systems) (VP signs (PRT up) (NP nurses) (PP-CLR for (NP paid travel)) , (S-ADV (NP-SBJ *-1) (VP promising (NP (NP (NP annual income) (PP up (PP to (NP $ 50,000 *U*)))) and (NP (ADJP free or subsidized) housing))))) .)) (TOP (SINV (S-TPC-1 (S-NOM-SBJ (NP-SBJ *) (VP TREATING (NP EMPLOYEES) (PP-MNR with (NP respect)))) (VP is (ADJP-PRD crucial) (PP for (NP managers)))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ consultant Hay Group) (PP-TMP after (NP (NP surveys) (PP of (NP (QP a million) workers)))) .)) (TOP (S (NP-SBJ It) (VP 's (PP-PRD in (NP their top five `` work values))) . '')) (TOP (S (NP-SBJ (NP (NP Fully 80 %) (PP of (NP (NP employees) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP say (SBAR 0 (S (NP-SBJ their bosses) (VP treat (NP them) (PP-MNR with (NP respect))))))))))) , but (NP (NP (QP only a third)) (PP of (NP (NP those) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP do n't (VP feel (ADJP-PRD respected))))))))) (VP say (SBAR 0 (S (NP-SBJ they) (VP 're (VP satisfied (PP-CLR with (SBAR-NOM (WHADVP-3 where) (S (NP-SBJ they) (VP work (ADVP-LOC *T*-3)))))))))) .)) (TOP (S (S-HLN (NP-SBJ *) (VP SPRUCING (PRT UP) (NP THE DIGS))) : (S (NP-SBJ (NP (QP About 200) employees) (PP of (NP (NP the Maryland Department) (PP of (NP (UCP Economic and Employment) Development))))) (PP-TMP for (NP four months)) (VP (VP painted (NP walls)) , (VP polished and carpeted (NP floors)) , (VP bought (NP plants)) , (VP cleaned (NP windows and blinds)) , and (VP hung (NP pictures)) (PP-LOC at (NP (NP the agency 's) Baltimore office)))) .)) (TOP (S (NP-SBJ (NP The 3,000 hours) (PP of (NP work))) (VP will (VP save (NP the state) (NP $ 55,000 *U*))) .)) (TOP (S (S-TPC-1 (S-NOM-SBJ (NP-SBJ *) (VP CURBING (NP WAGE BOOSTS))) (VP will (VP get (NP high priority) (ADVP-TMP again) (PP-TMP in (NP 1990 collective bargaining))))) , (NP-SBJ (NP a (NAC Bureau (PP of (NP National Affairs))) survey) (PP of (NP (NP 250 companies) (PP with (NP (NP pacts) (VP expiring (NP-TMP-CLR next year))))))) (VP indicates (SBAR 0 (S *T*-1))) .)) (TOP (S (PP Despite (NP labor-shortage warnings)) , (S (NP-SBJ 80 %) (VP aim (PP-CLR for (NP (NP first-year wage increases) (PP of (NP (QP under 4) %)))))) ; and (S (NP-SBJ 77 %) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP (VP 'd (VP try (S (NP-SBJ *-1) (VP to (VP replace (NP workers)))) , (SBAR-ADV if (S (NP-SBJ-2 *-1) (VP struck (NP *-2)))))) , or (VP would (VP consider (NP it)))))))) .)) (TOP (S (S (S-TPC-1 (NP-SBJ TEMPORARY WORKERS) (VP have (NP good educations))) , (NP-SBJ (NP the National Association) (PP of (NP Temporary Services))) (VP says (SBAR 0 (S *T*-1)))) ; (S (NP-SBJ (NP its survey) (PP of (NP 2,508 such employees))) (VP shows (NP (NP (NP 82 %) (PP with (NP (NP more) (PP than (NP a high-school education))))) , and (NP (NP 31 %) (PP with (NP college degrees)))))) .)) (TOP (S (NP-SBJ (QP About 12) %) (VP have (VP retired (PP-CLR from (NP a full-time job)) , (SBAR-ADV while (S (NP-SBJ-1 54 %) (VP were (VP asked (S (NP-SBJ *-1) (VP to (VP stay (PRT on) (NP-PRD full time)))))))))) .)) (TOP (S-HLN (S (NP-SBJ HOME-SALE LOSSES) (VP rise)) , but (S (NP-SBJ-1 they) (VP 're (ADVP-TMP often) (VP covered (NP *-1) (PP by (NP-LGS employers))))) .)) (TOP (S But (NP-SBJ they) (VP search (PP-CLR for (NP (NP ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP limit (NP the damage) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP (QP A third)) (PP of (NP (NP 439 companies) (VP surveyed (NP *) (PP by (NP-LGS the Employee Relocation Council)))))) (VP report (NP (NP a rise) (PP in (NP 1988 sales losses)) (PP-TMP over (NP 1987)))) .)) (TOP (S (NP-SBJ (QP About 72) %) (VP reimburse (PP for (NP (ADJP all or some) losses))) .)) (TOP (S (S-TPC-1 (PP-TMP Since (NP 1984)) , (NP-SBJ more companies) (VP give (NP sales-loss aid) , (SBAR-ADV as (S (NP-SBJ many real-estate values) (VP depreciated))))) , (NP-SBJ the council) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ RJR Nabisco) (VP pays (NP (NP (QP up to $ 30,000) *U*) (PP of (NP (NP losses) , (PP including (NP improvements)))))) .)) (TOP (S (S (NP-SBJ Goodrich) (VP (VP wo n't (VP ensure (NP loss coverage))) , but (VP will (VP prevent (NP a `` catastrophic loss ''))))) ; (S (NP-SBJ it) (VP has (VP given (NP some employees) (NP (NP the full purchase price) (SBAR (WHADVP-1 when) (S (NP-SBJ values) (VP fell (PP-PRP from (NP (NP concern) (PP over (NP (NP dangers) (VP posed (NP *) (PP by (NP-LGS a disposal site))))))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP Federal Express) , (NP Dow Chemical) , (NP Ford) and (NP National City Corp.)) (VP (VP will (VP (VP buy (NP the home)) or (VP let (S (NP-SBJ the worker) (VP sell (PP-DTV to (NP an outside firm))))))) , but (VP (ADVP usually) wo n't (VP cover (NP a loss)))) .)) (TOP (S (PP-TMP Since (NP 1984)) , (NP-SBJ (NP firms) (VP offering (NP prepurchase house appraisals) , (S-PRP (NP-SBJ *) (VP to (VP deter (NP overpaying)))) ,)) (VP rose (PP-DIR to (NP (NP 40 %) (PP of (NP (NP those) (SBAR (WHNP-1 0) (S (NP-SBJ the council) (VP polled (NP *T*-1)))))))) , (PP-DIR from (NP 28 %))) .)) (TOP (FRAG-HLN (NP THE CHECKOFF) : (S (NP-SBJ (NP The National Academy) (PP of (NP Engineering))) (VP gives (NP (NP two inventors) (PP of (NP the semiconductor microchip))) (NP a (ADJP $ 350,000 *U*) achievement award))) ... .)) (TOP (S (S (INTJ Now) , (NP-SBJ that) (VP 's (ADJP-PRD reactionary))) : (S (NP-SBJ Letter Carriers union president Vincent Sombrotto) (VP accuses (NP Philadelphia postmaster Charles James) (PP-CLR of `` (NP (ADJP 12th century ... oppressive) management tactics)))) .)) (TOP (S (NP-SBJ Yesterday) (VP was (PRN , (PP in (NP (NP the words) (PP of (NP New York Stock Exchange Chairman John J. Phelan Jr.)))) ,) (NP-PRD just your `` (ADJP reasonably normal) , (ADJP 400 million-share) , (ADJP up 88-points) day)) . '')) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (S (NP-SBJ it) (VP was all (ADVP-PRD over))) and (S (NP-SBJ stocks) (VP had (VP staged (NP a huge recovery)))) (ADVP-TMP *T*-1))) , (NP-SBJ Big Board officials) (VP were (ADJP-PRD self-congratulatory (PP about (SBAR (WHADVP-2 how well) (S (NP-SBJ the day) (VP had (VP gone (ADVP *T*-2)))))))) .)) (TOP (S (NP-SBJ They) (VP said (SBAR 0 (S (NP-SBJ (NP (NP the exchange 's) (NX (NX trading procedures) , (NX personnel) , (NX equipment) and (NX (NX links) (PP with (NP other exchanges)))))) (VP could n't (VP have (VP performed (ADVP better))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP had (NP (NP no operating problems) (ADVP at all)))) , '' (NP-SBJ Mr. Phelan) (VP said (S *T*-1) (SBAR-TMP after (S (NP-SBJ the market) (VP closed)))) .)) (TOP (S `` (NP-SBJ (NP All the things) (SBAR (WHNP-1 that) (S (NP-SBJ we) (VP set (PRT up) (NP-2 *T*-1) (S-PRP (NP-SBJ *-2) (VP (VP to (VP slow (PRT down) (NP the process))) , (VP to (VP let (NP people) (VP know (SBAR that (S (NP-SBJ the market) (VP was (PP-LOC-PRD in (NP an extreme position)))))))))))))) , (VP worked (ADVP extremely well)) . '')) (TOP (S (S-TPC-3 (NP-SBJ-1 (NP Prices) (PP for (NP (NP the (QP 416.3 million) shares) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP changed (NP hands) (PP-TMP during (NP the session)))))))) (VP were (VP carried (NP *-1) (PP-LOC-CLR on (NP (NP the exchange 's) trading tape)) (PP-MNR with (NP barely a delay))))) , (NP-SBJ officials) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ *-2) (VP reaching (NP blockbuster proportions) (NP-TMP yesterday)))) , (NP-SBJ-2 the volume) (VP was (ADVP still) (PP-PRD well within (NP (NP the (ADJP 600 million-share) capacity) (SBAR (WHNP-1 that) (S (NP-SBJ the exchange) (VP has (VP said (SBAR 0 (S (NP-SBJ-3 it) (VP can (VP handle (NP *T*-1) (ADVP-TMP daily) (PP-TMP since (S-NOM (NP-SBJ *-3) (VP beefing (PRT up) (NP its computers) (PP-TMP after (NP the October 1987 crash)))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The so-called circuit breakers) (VP devised (NP *) (PP by (NP-LGS (NP the Big Board) and (NP the Chicago Mercantile Exchange))) (S-PRP (NP-SBJ *) (VP to (VP quell (NP (NP free falls) (PP in (NP stock and futures prices)))))))) (VP were n't (VP triggered (NP *-1) (NP-TMP yesterday) (SBAR-PRP because (S (NP-SBJ the markets) (VP were (ADJP-PRD higher) (PP-TMP for (NP (NP most) (PP of (NP the day))))))))) .)) (TOP (S (PP Despite (NP (NP traders ') complaints)) , (NP-SBJ Mr. Phelan) (VP said (SBAR 0 (S (NP-SBJ-2 (NP the links) (PP with (NP the Chicago futures market))) (VP worked (SBAR-MNR as (S (NP-SBJ-1 *) (VP planned (NP *-1)))) (PP-TMP in (NP (NP Friday 's) rout)) (S-PRP (NP-SBJ *-2) (VP to (VP provide (NP a cooling-off period)))))))) .)) (TOP (SINV-3 (PP-PRD-TPC-4 Of (NP greater help)) , (PRN (S (NP-SBJ the Big Board chairman) (VP said (SBAR 0 (SINV *T*-3)))) ,) (VP was (PP-PRD *T*-4)) (NP-SBJ (NP the `` natural circuit breaker '') (PP of (NP the weekend)) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP provided (NP (NP a breathing period) (SBAR (WHNP-2 that) `` (S (NP-SBJ *T*-2) (VP brought (NP rationality) (ADVP-CLR back) (PP-DIR to (NP the market)))))))))) .)) (TOP (S-HLN (NP-SBJ-1 Chicken Chains) (VP Ruffled (NP *-1) (PP By (NP-LGS (NP Loss) (PP of (NP Customers))))))) (TOP (S (NP-SBJ-1 (NP FAST-FOOD chicken chains) , (VP faced (NP *) (PP-CLR with (NP a worsening business slump))) ,) (VP are (VP struggling (S (NP-SBJ *-1) (VP to (VP hatch (NP some new marketing strategies)))))) .)) (TOP (S (NP-SBJ (NP The Crest Report) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP tracks (NP consumer purchases)))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP customer traffic) (PP-LOC at (NP chicken restaurants))) (VP fell (NP-EXT 10 %) (PP-TMP in (NP the second quarter)) , (SBAR-ADV while (S (NP-SBJ the overall fast-food customer count) (VP was (ADVP-PRD down (NP 2 %))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Chicken business) (VP is (ADJP-PRD off) (PP-PRP (ADVP largely) because of (NP (NP more competition) (PP from (NP (NP grocery-store convenience food) , (NP home-delivered pizza) and (NP other takeout fare))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP a spokesman) (PP for (NP (NP the report) , (NP (NP a publication) (PP of (NP (NP NPD Group) , (NP (NP a market research firm) (PP-LOC in (NP (NP Port Washington) , (NP-LOC N.Y)))))))))) .)) (TOP (S (NP-SBJ (NP The loss) (PP of (NP more customers))) (VP is (NP-PRD (NP the latest) (PP in (NP (NP a string) (PP of (NP problems)))))) .)) (TOP (S (NP-SBJ-1 (NP (NP (NP Church 's) Fried Chicken Inc.) and (NP (NP Popeye 's) Famous Fried Chicken Inc.)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP have (VP merged)))) ,) (VP are (ADVP-TMP still) (VP troubled (NP *-1) (PP by (NP-LGS overlapping restaurant locations)))) .)) (TOP (S (NP-SBJ Chicken chains) (ADVP also) (VP are (VP feeling (NP (NP more pressure) (PP from (NP (NP (NP McDonald 's) Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP introduced (NP its McChicken sandwich) (NP-TMP this year)) and (VP (ADVP-TMP recently) tested (NP (NP the sale) (PP of (NP (NP individual pieces) (PP of (NP chicken)))))))))))))) .)) (TOP (S (NP-SBJ (NP New management) (PP-LOC at (NP (NP Kentucky Fried Chicken) , (NP (NP a unit) (PP of (NP PepsiCo Inc.))) ,))) (VP has (VP fought (ADVP-CLR back) (PP with (NP (NP new (ADJP medium and large) chicken sandwiches) (PP for (NP the lunch crowd)))))) .)) (TOP (S And (NP-SBJ-4 the chain) (VP is (VP testing (NP (NP products) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP are n't (VP fried (NP *-1))))) , (PP such as (NP `` char-grilled '' chicken)) ,) (S-PRP (NP-SBJ-3 *-4) (VP to (VP try (S (NP-SBJ *-3) (VP to (VP win (NP health-conscious consumers))))))))) .)) (TOP (S (NP-SBJ Kentucky Fried Chicken) (ADVP also) (VP is (VP testing (NP (NP home-delivery) (PP of (NP chicken)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP could (VP be (NP-PRD (NP a hit) (PP with (NP stay-at-home diners)))))))))) .)) (TOP (S But (NP-SBJ some fast-food industry analysts) (VP say (SBAR 0 (S (NP-SBJ-1 (NP problems) (PP with (S-NOM (NP-SBJ *) (VP keeping (S (NP-SBJ chicken) (ADJP-PRD warm and fresh)))))) (VP must (VP be (VP solved (NP *-1) (ADVP-TMP first))))))) .)) (TOP (S (NP-SBJ A Kentucky Fried Chicken spokesman) , (ADVP however) , (VP disputed (NP the notion (SBAR that (S (NP-SBJ the delivery service) (VP experienced (NP (NP problems) (PP in (NP (NP some markets) (SBAR (WHADVP-2 where) (S (NP-SBJ-1 testing) (VP has (VP been (VP discontinued (NP *-1) (ADVP-LOC *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ the test) (VP is (VP continuing (PP-LOC in (NP (NP Chicago) , (NP (NP Columbus) , (NP Ohio)) , and (NP a few other cities)))))))) .)) (TOP (S (NP-SBJ The advertising industry) (VP is (VP buzzing (PP-CLR with (NP rumors (SBAR that (S (NP-SBJ Kentucky Fried Chicken) (VP will (VP (VP drop (NP Young & Rubicam)) and (VP seek (NP a new ad agency)))))))))) .)) (TOP (S But (NP-SBJ-1 the company) (VP declines (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ (NP Emanuel Goldman) , (NP a PaineWebber Inc. analyst) ,) (VP predicts (SBAR 0 (S (NP-SBJ Kentucky Fried Chicken) (VP will (VP post (NP (NP an (ADJP 11 %) drop) (PP in (NP 1989 net income)))))))) .)) (TOP (S-1 `` (S (NP-SBJ They) (VP 've (VP been (ADJP-PRD laggard)))) , '' (PRN (S (NP-SBJ he) (VP says (S *T*-1)))) , `` but (S (NP-SBJ-2 they) (VP 'll (VP have (S (NP-SBJ *-2) (VP to (VP become (ADJP-PRD more aggressive))))))) . '')) (TOP (S-HLN (NP-SBJ Reluctant Advertisers) (VP Try (NP Soft-Sell Spots)))) (TOP (S-HLN (NP-SBJ *) (VP CALL (S (NP-SBJ IT) (NP-PRD un-advertising))) .)) (TOP (S (NP-SBJ Pittsburgh consultant David Bear) (VP is (VP selling (NP a soft approach) (PP-DTV to (NP (NP clients) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP want (NP exposure)) yet (VP shun (NP pushy ads))))))))) .)) (TOP (NP (NP His ploy) : (NP (NP 60-second radio spots) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP offer (NP helpful hints))))) .)) (TOP (S (NP-SBJ (NP The only plug) (PP for (NP the sponsor))) (VP is (NP-PRD (NP a brief mention) (PP-TMP at (NP (NP the end) (PP of (NP the spot)))))) .)) (TOP (S (NP-SBJ The messages) (VP resemble (NP (NP the Business Traveler) , (NP (NP a daily dose) (PP of (NP (NP travel tips) (VP (VP developed (NP *) (PP-LGS by (NP Mr. Bear))) and (VP sponsored (NP *) (PP-LGS by (NP (NP travel agencies) (PP-LOC in (NP several major cities))))))))))) .)) (TOP (S (NP-SBJ New un-advertisers) (VP include (NP (NP Burt Hill Kosar Rittlemann Associates) , (NP a (NAC-LOC Butler , Pa. ,) architectural firm))) .)) (TOP (S (NP-SBJ Its radio series) (VP features (NP (NP such spots) (PP as (NP-TTL `` (NP (NP Floodlights) : (NP (NP Evening Wear) (PP for (NP Urban Structures)))) '' and `` (S-NOM (NP-SBJ *) (VP Building (NP (NP a Place) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP Park (ADVP-LOC *T*-1)))))))))))) . '')) (TOP (S-1 (NP-SBJ A harder sell) , (PRN (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP John Kosar) , (NP (NP the firm 's) president)))) , (VP would `` (VP detract (PP-CLR from (NP the profession)))) . '')) (TOP (S (S (NP-SBJ-1 Hospitals) (VP have (VP signed (PRT up) (S (NP-SBJ-2 *-1) (VP to (VP use (NP the messages) (S-PRP (NP-SBJ *-2) (VP to (VP promote (NP fundraisers)))))))))) , and (S (NP-SBJ-3 Equitable Gas Co.) (VP is (VP considering (NP the format) (S-PRP (NP-SBJ *-3) (VP to (VP offer (NP energy tips) (PP-DTV to (NP consumers)))))))) .)) (TOP (S But (NP-SBJ such spots) (VP can (VP be (ADJP-PRD too soft))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ There) (VP 's (ADVP always) (NP-PRD (NP a risk) (PP of (NP lost messages))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP John Fitzgerald) , (NP (NP chairman) (PP of (NP (NP Ketchum Advertising USA) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP created (NP similar radio spots) (PP for (NP Pittsburgh National Bank))))))))) .)) (TOP (S `` (NP-SBJ It) (VP 's (NP-PRD (NP a question) (PP of (SBAR-NOM (WHNP-1 (WHADJP how much) credibility) (S (NP-SBJ you) (VP gain (NP *T*-1) (PP for (NP (NP the possible loss) (PP of (NP recognition)))))))))) . '')) (TOP (S-HLN (NP-SBJ Retailer) (VP Sees (NP Pitfalls) (PP-LOC In (NP Environmental Push))))) (TOP (SINV (NP-LOC-PRD-TPC-2 HERE) (VP 'S (NP-LOC-PRD *T*-2)) (NP-SBJ (NP a retailer) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (VP getting (ADJP-PRD tough) (PP in (NP (NP the push) (PP for (NP (ADJP environmentally safe) packaging and products))))))))) .)) (TOP (S (NP-SBJ-2 (NP Big Bear Supermarkets Inc.) , (NP (NP a grocery chain) (VP based (NP *) (PP-LOC-CLR in (NP San Diego)))) ,) (VP plans (S (NP-SBJ *-2) (VP to (VP (VP display (NP (NP shelf cards) (VP *RNR*-1))) and (VP distribute (NP (NP pamphlets) (VP *RNR*-1))) (VP-1 recommending (NP (NP products) (VP deemed (NP *) (ADJP safe (PP for (NP the environment)))))))))) .)) (TOP (S (NP-SBJ-1 The choices) (VP (VP will (VP be (VP based (NP *-1) (PP-CLR on (NP (NP research) (PP by (NP the San Diego Environmental Health Coalition))))))) and (VP will (VP include (NP (NP products) (PP like (NP (NP (NP Murphy 's) Oil Soap) and (NP other noncorrosive cleaners))))))) .)) (TOP (S But (NP-SBJ the chain) (VP is (VP (ADVP quickly) realizing (NP (NP the pitfalls) (PP of (NP such endorsements))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ it) (VP (VP recommends (NP nonchlorinated dishwasher detergent)) and (VP puts (NP Sunlight) (PP-PUT on (NP its (ADJP environmentally safe) list)))) .)) (TOP (S (NP-SBJ That) (VP does n't (VP thrill (NP (NP Procter & Gamble Co.) , (NP (NP maker) (PP of (NP Cascade dishwasher detergent)))))) .)) (TOP (S (NP-SBJ-1 A company spokesman) (VP questioned (NP (NP the validity) (PP of (NP the list))) , (S-ADV (NP-SBJ *-1) (VP noting (SBAR that (S (NP-SBJ chlorine) (VP is (ADJP-PRD present (PP-LOC in (NP all major dishwasher detergents))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ Lever Bros.) (VP confirms (SBAR that (S (NP-SBJ its Sunlight brand) (VP does (VP contain (NP chlorine bleach) , (SBAR-ADV even though (S (NP-SBJ-1 it) (VP is n't (VP listed (NP *-1) (PP-LOC on (NP (NP the label) (PP for (NP the powder version))))))))))))) .)) (TOP (S (NP-SBJ (NP Thomas G. Dahlen) , (NP (NP Big Bear 's) executive vice president) ,) (VP said (SBAR 0 (S (NP-SBJ-1 the chain) (VP is (ADVP-TMP still) (VP reviewing (NP its product list) (S-PRP (NP-SBJ *-1) (VP to (VP avoid (NP such problems))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Our intent) (VP is (S-PRD (NP-SBJ *) (VP to (VP promote (NP the best alternative)))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` And (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD important) (SBAR-1 that (S (NP-SBJ we) (VP be (ADJP-PRD accurate))))) . '')) (TOP (S But (PP-TMP in (NP the end)) , (NP-SBJ (NP customers ') wishes) (VP are (SBAR-PRD (WHNP-1 what) (S (NP-SBJ *T*-1) (VP will (VP prevail))))) .)) (TOP (S (NP-SBJ Big Bear) (VP does n't (VP care (PP-CLR for (NP (NP disposable diapers) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are n't (ADJP-PRD biodegradable)))))))) .)) (TOP (S Yet (NP-SBJ parents) (VP demand (NP them)) .)) (TOP (SINV (VP Says (S *ICH*-3)) (NP-SBJ Mr. Dahlen) , `` (S-3 (NP-SBJ-1 We) (VP 'll (ADVP-TMP still) (VP be (VP forced (S (NP-SBJ *-1) (VP to (VP sell (NP (NP items) (SBAR (WHNP-2 0) (S (NP-SBJ we) (VP might not (VP (ADVP-MNR philosophically) agree (PP-CLR with (NP *T*-2)))))))))))))) . '')) (TOP (NP-HLN Odds and Ends)) (TOP (S-HLN (NP-SBJ NEATNESS) (VP does (VP count -- (PP-LOC (ADVP at least) in (NP the grocery store)))) .)) (TOP (S (NP-SBJ (NP A study) (PP by (NP (NP Safeway 's) Scanner Marketing Research))) (VP shows (SBAR 0 (S (NP-SBJ soap sales) (VP climbed (NP-EXT 5 %) (SBAR (WHADVP-2 when) (S (NP-SBJ-1 bars) (VP were (VP (VP (ADVP-MNR neatly) stacked (NP *-1) (PP-LOC on (NP shelves))) (CONJP instead of) (VP dumped (NP *-1) (PP-LOC in (NP a wire basket))) (ADVP-TMP *T*-2))))))))) ... .)) (TOP (SBARQ (WHNP-1 Which celebrity endorsers) (SQ (NP-SBJ *T*-1) (VP are (ADJP-PRD most believable))) ?)) (TOP (S (PP-TMP For (NP (NP the third year) (PP in (NP a row)))) , (NP-SBJ consumers) (VP voted (S (S (NP-SBJ-1 Bill Cosby) (ADJP-PRD-2 first (PP *RNR*-3))) and (S (NP-SBJ=1 James Garner) (ADJP-PRD=2 second (PP *RNR*-3))) (PP-3 in (NP (NP persuasiveness) (PP as (NP (NP spokesmen) (PP-LOC in (NP TV commercials))))))) , (PP according (PP to (NP (NP Video Storyboard Tests) , (NP-LOC New York))))) .)) (TOP (S (S (NP-SBJ Michael J. Fox) (VP replaced (NP Bruce Willis) (PP in (NP third place)))) ; (S (NP-SBJ Cher) (VP placed (ADJP-CLR fourth) (PP for (NP the second time)))) .)) (TOP (S (S-TPC-1 (NP-SBJ Health and Human Services Secretary Louis Sullivan) (VP has (VP chosen (S (NP-SBJ Antonia Novello) (VP to (VP be (NP-PRD the next surgeon general))))))) , (NP-SBJ Bush administration officials) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-2 she) (VP is (VP (VP nominated (NP *-2) (PP by (NP-LGS President Bush))) and (VP confirmed (NP *-2) (PP by (NP-LGS the Senate))))))) , (NP-SBJ Dr. Novello) (VP would (VP succeed (NP (NP C. Everett Koop) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP rattled (NP (NP liberals and conservatives) (ADVP alike)) (PP with (NP (NP his outspoken views) (PP on (NP (NP a range) (PP of (NP health issues)))))))))))) .)) (TOP (S (NP-SBJ (NP Dr. Novello) , (NP (NP an expert) (PP on (NP pediatric kidney diseases))) ,) (VP is (NP-PRD (NP deputy director) (PP of (NP (NP the National Institute) (PP of (NP (NP Child Health) and (NP Human Development))))))) .)) (TOP (S (NP-SBJ She) (VP has (ADVP also) (VP served (PP-LOC-CLR on (NP (NP several task forces) (PP on (NP acquired immune deficiency syndrome)))))) .)) (TOP (S (S (NP-SBJ (NP Dr. Novello 's) office) (VP said (SBAR 0 (S (NP-SBJ she) (VP would n't (VP talk (PP-CLR with (NP reporters)))))))) , and (S (NP-SBJ-1 it) (VP refused (S (NP-SBJ *-1) (VP to (VP release (NP (NP any information) (PP about (NP her)))))))) .)) (TOP (S (NP-SBJ (NP The newsletter Medicine & Health) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP first) (VP disclosed (NP (NP her selection) (PP by (NP Dr. Sullivan)))))) ,) (VP said (SBAR 0 (S (S (NP-SBJ she) (VP is (ADJP-PRD (NP-ADV 44 years) old))) and (S (NP-SBJ she) (VP studied (PP-LOC at (NP (NP the (NAC University (PP of (NP Puerto Rico))) School) (PP of (NP Medicine))))))))) .)) (TOP (S (NP-SBJ (NP The continuing series) (PP of (NP HUD scandals))) (VP is (NP-PRD (NP a (ADJP sadly predictable) result) (PP of (NP pork-barrel politics)))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ-1 (NP lobbies) (PP such as (NP (NP (NP the National Association) (PP of (NP Home Builders))) (PRN -LRB- (NP NAHB) -RRB-)))) (VP continue (S (NP-SBJ *-1) (VP to (VP pressure (NP Capitol Hill) (PP-CLR for (NP more special-interest spending)))))) .)) (TOP (S (NP-SBJ (NP Kent Colton) , (NP NAHB executive vice president) ,) (VP argues (SBAR that (S (NP-SBJ the U.S.) (VP faces (NP (NP (NP a multifaceted housing crisis) (PRN -- (NP (NP (NP reduced affordability) (PP of (NP (NP homes) (PP for (NP first-time buyers))))) , (NP increased homelessness) , and (NP lower apartment construction rates)) --)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP be (ADJP-PRD `` very difficult '' (S (NP-SBJ *) (VP to (VP solve `` (PP-MNR without (NP expanded federal resources))))))))))))))) . '')) (TOP (S (NP-SBJ There) (VP 's (NP-PRD (NP nothing) (ADJP unusual (PP about (NP (NP business groups) (VP pushing (PP-CLR for (NP more government spending)))))))) .)) (TOP (S But (NP-SBJ-1 the NAHB) (VP was (VP created (NP *-1) (PP-TMP in (NP 1943)) (PP-CLR out (PP of (NP (NP an organization) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP made (NP its name) (S-ADV (NP-SBJ *-3) (VP fighting (NP a Roosevelt administration proposal (S (NP-SBJ *) (VP to (VP take (PP-CLR over (NP all defense housing production)))))))))))))))) .)) (TOP (S (PP-TMP Through (NP the years)) (NP-SBJ-1 the association) (VP has (VP been (NP-PRD (NP an active member) (PP of (NP (NP the taxpayer 's) coalition))) , (S-ADV (NP-SBJ *-1) (VP pushing (PP-CLR for (NP (NP such initiatives) (PP as (NP the balanced-budget amendment)))))))) .)) (TOP (PP (ADVP Yet) on (NP (NP matters) (ADJP close (PP to , (INTJ er) , (NP home)))) ...)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The HUD budget) (VP has (VP dropped (PP-EXT by (NP (QP more than 70) %)) (PP-TMP since (NP 1980))))) , '' (VP argues (S *T*-1)) (NP-SBJ Mr. Colton) .)) (TOP (S `` (NP-SBJ We) (VP 've (VP taken (NP (NP more) (PP than (NP our fair share))))) .)) (TOP (S (NP-SBJ I) (VP would n't (VP have (NP a problem) (SBAR-ADV if (S (NP-SBJ other programs) (VP had (VP taken (NP a similar hit))))))) . '')) (TOP (S But (S (NP-SBJ-1 (NP NAHB support) (PP for (NP subsidies))) (VP is not (VP related (NP *-1) (PP-CLR to (NP the current housing crunch))))) ; (S (PP-TMP over (NP the years)) (NP-SBJ the NAHB) (VP has (VP backed (NP (NP a host) (PP of (NP public programs)))))) .)) (TOP (S (NP-SBJ It) (VP (VP (ADVP-TMP once) pushed (PP-CLR for (NP (NP a national housing production goal) (VP set (NP *) (PP by (NP-LGS the federal government)))))) and (VP has (VP (ADVP regularly) advanced (NP anti-recession housing measures)))) .)) (TOP (S-2 (ADVP Moreover) (PRN , (SINV (VP explains (S *T*-2)) (NP-SBJ one HUD official)) ,) (NP-SBJ the NAHB) (VP remains (ADJP-PRD susceptible (PP to (NP (NP internal pressure) (PP from (NP (NP members) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP specialize (PP-CLR in (NP subsidized production))))))))))) .)) (TOP (S (NP-SBJ The association) (VP is (VP pushing (NP (NP an (ADJP extensive and expensive) wish-list) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP (ADVP substantially) boost (NP spending) (PP-DIR above (NP (NP the current level) (PP of (NP (NP (QP more than $ 15 billion) *U*) (ADVP-TMP annually)))))))))))) .)) (TOP (S (NP-SBJ-2 It) (VP would (VP like (S (NP-SBJ-3 *-2) (VP to (VP (VP peg (NP (NP the ceiling) (PP on (NP Federal Housing Administration mortgage guarantees))) (PP-CLR to (NP (NP 95 %) (PP of (NP (NP the median price) (PP-LOC in (NP a particular market)))))) , (PP instead of (S-NOM (NP-SBJ *-3) (VP limiting (NP it) (PP-CLR to (NP $ 101,250 *U*)))))) ; (VP (VP (VP reduce (NP *RNR*-1)) (PRN -LRB- or (VP (ADVP even) eliminate (NP *RNR*-1)) -RRB-) (NP-1 FHA down-payment requirements)) and (VP increase (NP (NP the availability) (PP of (NP variable-rate mortgages))))) ; (VP expand (NP the Veterans Affairs Department loan guarantee program)) ; (VP provide (NP (NP `` adequate '' funding) (PP for (NP (NP the Farmers Home Administration) (PRN -LRB- (NP FmHA) -RRB-))))) ; (VP increase (NP (NP federal funding and tax incentives) (PP for (NP (NP the construction) (PP of (NP low-income and rental housing)))) , (PP including (NP (NP (QP $ 4 billion) *U*) (PP in (NP (NP block grants) (PP to (NP states and localities)))))))) ; and (VP `` (ADVP-MNR fully) fund '' (NP (NP the McKinney Act) , (NP (NP a (ADJP (QP $ 656 million) *U*) potpourri) (PP for (NP the homeless)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Direct federal subsidies) (PP for (NP housing construction))) (VP (VP have (VP proved (ADJP-PRD intolerably expensive) (PP-TMP in (NP the past)))) , and (VP (ADVP inevitably) are (VP twisted (NP *-1) (PP-MNR to (NP (NP the benefit) (PP of (NP (NP (NP well-connected developers and lobbyists) , (SBAR as (S (NP-SBJ-2 *) (VP demonstrated (NP *-2) (PP by (NP-LGS the ongoing HUD scandal))))) ,) or (NP congressmen)))))))) .)) (TOP (S (NP-SBJ Indirect subsidies) , (PP through (NP the FHA)) , (PP for (NP instance)) , (VP are (ADJP-PRD little better)) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ Mr. Colton) (VP says (SBAR 0 (S (S-NOM-SBJ (NP-SBJ *) (VP expanding (NP FHA lending))) (VP would (VP result (PP-CLR in `` (NP (NP no cost) (PP to (NP the government))))))))))) , '' (NP-SBJ (NP the mere diversion) (PP of (NP funds)) (PP-DIR (PP from (NP (NP other parts) (PP of (NP the economy)))) and (PP from (NP (NP other forms) (PP of (NP housing)) (PRN -LRB- (PP such as (NP low-income)) -RRB-)))) (PP-DIR to (NP the single-family home market))) (VP would (VP result (PP-CLR in (NP a major expense)))) .)) (TOP (S (ADJP-ADV More important) , (NP-SBJ (NP housing programs) (VP run (NP *) (PP by (NP-LGS (NP HUD) , (NP the VA) , and (NP FmHA))))) (VP are (ADJP-PRD awash (PP in (NP red ink)))) .)) (TOP (S (S (NP-SBJ (NP The FHA) (ADVP alone)) (VP lost (NP (QP $ 4.2 billion) *U*) (PP-TMP in (NP fiscal 1988)))) ; (S (NP-SBJ (NP (NP (NP the government 's) equity) (PP in (NP the agency))) , (NP essentially its reserve fund) ,) (VP fell (PP-DIR to (NP minus (QP $ 2.9 billion) *U*)))) .)) (TOP (S (S (NP-SBJ-1 The federal government) (VP has (VP had (S (NP-SBJ-2 *-1) (VP to (VP pump (PRT in) (NP (QP $ 2.28 billion) *U*) (PP-CLR into (NP the VA housing program)) (PP-TMP since (NP 1984)) (S-PRP (NP-SBJ *-2) (VP to (VP keep (S (NP-SBJ the fund) (ADJP-PRD afloat))))))))))) and (S (NP-SBJ the VA) (VP requested (NP an (QP additional $ 120 million) *U*) (PP for (NP (NP the fiscal year) (VP (ADVP just) ended))))) .)) (TOP (S (ADVP All told) , (NP-SBJ the federal government) (ADVP-TMP already) (VP guarantees (NP (NP (QP more than $ 900 billion) *U*) (PP of (NP mortgages)))) .)) (TOP (S (PP-LOC In (NP (NP its (ADJP nicely produced) publication) `` (SBARQ-TTL (WHADVP-2 Where) (SQ Will (NP-SBJ Our Children) (VP Live (ADVP-LOC *T*-2))) ?) '')) (NP-SBJ the NAHB) (VP does (VP acknowledge (SBAR that `` (S (PP of (NP course)) , (NP-SBJ-1 (NP the full measure) (PP of (NP housing affordability))) (VP can not (VP be (VP provided (NP *-1) (PP by (NP-LGS the federal government))))))))) . '')) (TOP (S (NP-SBJ It) (VP points (PP-CLR to (NP (NP the pernicious impact) (PP of (NP (NP (NP local government regulation) , (NP (ADVP particularly) zoning and building fees) ,) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP pushes (NP (NP the price) (PP of (NP housing))) (PP-DIR out (PP of (NP (NP the reach) (PP of (NP (ADJP low- and middle-income) people))))))))))))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ the NAHB) (VP has (VP suggested (NP (NP actions) (SBAR (WHNP-1 that) (S (NP-SBJ-3 states and localities) (VP should (VP take (NP *T*-1) (S-PRP (NP-SBJ *-3) (VP to (VP reduce (NP regulatory barriers))))))))))))) , (NP-SBJ the association) (VP has (VP proposed (NP (NP no activist legislative program) (PRN -- (ADJP comparable (PP to (PRN , (S (NP-SBJ *) (VP say)) ,) (NP (NP its detailed request) (PP for (NP more federal subsidies))))) --) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP eliminate (NP counterproductive controls)))))))) .)) (TOP (S (NP-SBJ (NP The association) , (SBAR (WHNP-1 (NP a majority) (WHPP of (WHNP whose 156,000 members))) (S (NP-SBJ *T*-1) (VP build (NP (NP (QP fewer than 25) units) (NP-ADV a year))))) ,) (VP is (PP-PRD like (NP many other business lobbies))) .)) (TOP (SINV (VP Explains (S *ICH*-1)) (NP-SBJ (NP Sheila MacDonald) (PP of (NP the National Taxpayers Union))) : `` (S-1 (NP-SBJ It) (VP treads (PP-LOC in (NP two worlds)))) .)) (TOP (S (S (NP-SBJ The builders) (VP like (NP the subsidies))) , but (S (PP-TMP at (NP the same time)) (NP-SBJ-1 they) (VP tend (S (NP-SBJ *-1) (VP to (VP be (NP-PRD fiscal conservatives) (PP in (NP (NP terms) (PP of (NP (NP major issues) , (PP such as (NP the balanced-budget amendment))))))))))) . '')) (TOP (S (ADVP Unfortunately) , (NP-SBJ-1 (NP (NP the organization 's) desire) (PP for (NP pork))) (VP tends (S (NP-SBJ *-1) (VP to (VP override (NP (NP its commitment) (PP to (NP overall fiscal responsibility))))))) .)) (TOP (SINV (S-TPC-2 (ADVP-TMP (NP Two years) ago) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the NAHB) (VP lobbied (PP-CLR for (NP the (ADJP (QP $ 19 billion) *U*) omnibus housing bill)) (ADVP-TMP *T*-1)))) , (NP-SBJ the organization) `` (ADVP basically) (VP dropped (PP-CLR out (PP of (NP (NP the taxpayers ') coalition))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ Ms. MacDonald) .)) (TOP (S-1 (SBAR-ADV As (S (NP-SBJ (NP Mr. Colton) (PP of (NP the NAHB))) (VP acknowledges (S *T*-1)))) : `` (NP-SBJ-2 Government) (VP is not (VP going (S (NP-SBJ *-2) (VP to (VP solve (NP the problem)))))) ... .)) (TOP (S (NP-SBJ The real key) (VP is (S-PRD (NP-SBJ *) (VP to (VP have (S (S (NP-SBJ the economy) (VP working)) and (S (NP-SBJ interest rates) (ADJP-PRD down))))))) . '')) (TOP (S (S (NP-SBJ (NP More money) (PP for (NP HUD))) (VP will (VP (VP increase (NP the deficit)) and (VP destabilize (NP the economy))))) ; (S (NP-SBJ (NP more money) (PP to (NP (NP municipalities) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (VP wrecking (NP their local housing markets)))))))) (VP will (VP further insulate (NP them) (PP-CLR from (NP (NP the destructive effects) (PP of (NP their policies))))))) .)) (TOP (SQ Is (NP-SBJ this) (SBAR-PRD (WHNP-1 what) (S (NP-SBJ the home builders) (VP want (NP *T*-1)))) ?)) (TOP (S (NP-SBJ Mr. Bandow) (VP is (NP-PRD a Cato Institute fellow)) .)) (TOP (S -LRB- (NP-SBJ *) (VP See (NP (NP related story) : (NP-TTL `` (NP And (NP (NP Bills) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP Make (S (NP-SBJ Wishes) (VP Come (ADJP-PRD True))))))))) '' -- (NP (NP-LOC WSJ) (NP-TMP Oct. 17 , 1989))))) .)) (TOP (S (PP In (NP an attempt (S (NP-SBJ *) (VP to (VP give (NP new momentum) (PP-DTV to (NP (NP European Community plans) (PP for (NP a single currency))))))))) , (NP-SBJ-1 EC government leaders) (VP are (ADJP-PRD likely (S (NP-SBJ-2 *-1) (VP to (VP agree (S (NP-SBJ *-2) (VP to (VP set (NP (NP a date) (PP for (S-NOM (NP-SBJ *) (VP starting (NP (NP formal talks) (PP on (S-NOM (NP-SBJ *) (VP amending (NP (NP (NP the EC 's) founding Treaty) (PP of (NP Rome))))))))))))))))))) .)) (TOP (S (PP According (PP to (NP (NP diplomatic sources) (PP-LOC in (NP Brussels))))) , (NP-SBJ most EC leaders) (VP agree (SBAR that (S (NP-SBJ talks) (VP (VP should (VP begin (PP-TMP-CLR in (NP (NP the second half) (PP of (NP 1990)))))) , and (VP will (VP make (NP (NP a declaration) (PP on (NP that))) (PP-TMP during (NP (NP a summit meeting) (PP-LOC in (NP (NP Strasbourg) , (NP France) ,)) (PP-TMP on (NP Dec. 8 and 9)))))))))) .)) (TOP (S (NP-SBJ (NP The only strong opposition) (PP to (S-NOM (NP-SBJ *) (VP changing (NP the EC treaty))))) (VP comes (PP-CLR from (NP (NP British Prime Minister Margaret Thatcher) , (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP is (VP opposed (NP *-1) (PP to (S-NOM (NP-SBJ *) (VP creating (NP a single EC currency))))))))))) .)) (TOP (S But (NP-SBJ (NP the process) (PP of (S-NOM (NP-SBJ *) (VP convening (NP the intergovernmental conference))))) (VP does n't (VP require (NP unanimity))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Setting (NP (NP a date) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP start (NP treaty negotiations) (ADVP-TMP *T*-1)))))))) (VP (VP has (NP no legal significance) (PP in (NP itself))) , but (VP could (VP be (VP viewed (PP-CLR as (NP an important psychological push)))))) .)) (TOP (S (S (NP-SBJ-2 French President Francois Mitterrand) (VP fought (S (NP-SBJ *-2) (VP to (VP set (NP (NP a date) (PP for (NP the conference)))))) (PP-TMP during (NP (NP the EC summit) (PP-LOC in (NP Madrid)) (NP-TMP last June))))) , but (S (NP-SBJ-1 the move) (VP was (VP scuttled (NP *-1) (PP-PRP because of (NP (NP opposition) (PP by (NP (NP Mrs. Thatcher) and (NP West German Chancellor Helmut Kohl)))))))) .)) (TOP (S (NP-SBJ Diplomatic sources) (VP said (SBAR 0 (S (NP-SBJ-3 Mr. Kohl) (VP may (ADVP-TMP now) (VP agree (S (NP-SBJ *-3) (VP to (VP set (NP (NP a date) (PP for (NP the conference)))))) (S-PRP (NP-SBJ *-3) (VP to (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD clear) (SBAR-1 that (S (NP-SBJ-2 West Germany) (VP is (ADVP-TMP still) (VP committed (NP *-2) (PP-CLR to (NP EC unity))))))))))))))) .)) (TOP (S (NP-SBJ (NP The latest crewcut) (PP-LOC in (NP the equities markets))) (VP reminds (NP me) (PP-CLR of (NP (NP the joke) (SBAR (WHNP-2 0) (S (NP-SBJ T. Boone Pickens) (VP tells (NP *T*-2)))) (PP about (NP (NP the guy) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP was (VP run (NP *-3) (PRT over) (PP by (NP-LGS the parade))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-4 *-3) (VP asked `` (NP *-4) (SBARQ (WHNP-1 What) (SQ (NP-SBJ *T*-1) (VP went (ADVP-CLR wrong)))) (ADVP-TMP *T*-2) ? ''))) (NP-SBJ-3 the unfortunate victim) (VP replied , `` (S (NP-SBJ It) (VP was (NP-PRD (NP a combination) (PP of (NP things)))))) . '')) (TOP (S And (ADVP-PRD-TPC-1 so) (NP-SBJ it) (VP was (ADVP-PRD *T*-1) (PP-TMP on (NP Gray Friday))) .)) (TOP (S (NP-SBJ-1 (NP The grand marshal) (PP of (NP this parade))) (VP would (VP appear (S (NP-SBJ *-1) (VP to (VP have (VP been (NP-PRD excess leverage))))))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ that) (VP is (ADVP-PRD so)))) , (ADVP however) , (NP-SBJ (NP it) (SBAR *ICH*-1)) (VP 's (ADVP probably) (NP-PRD the case) (SBAR-1 that (S (NP-SBJ-2 no barriers) (VP should (VP have (VP been (VP erected (NP-3 *-2) (S-PRP (NP-SBJ *-3) (VP to (VP stop (NP the procession) (PP-TMP before (NP (NP the end) (PP of (NP the rout -LRB- e -RRB-)))))))))))))) .)) (TOP (S (NP-SBJ The ceremonies) (VP began (NP-TMP-CLR Friday afternoon) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ word (SBAR *ICH*-2)) (VP spread (SBAR-2 that (S (NP-SBJ the UAL buy-out) (VP was (VP collapsing)))) (ADVP-TMP *T*-1))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 the union-bidder) (VP expects (S (NP-SBJ *-1) (VP to (VP patch (PRT together) (NP (NP a substitute offer) , (VP consisting (PP-CLR of (NP less cash))) ,))))))) (NP-SBJ the failure (S (NP-SBJ *) (VP to (VP get (NP cash) (PP-CLR from (NP Japanese and American banks)))))) (VP confirmed (NP (NP a growing fear (SBAR *ICH*-2)) (PP-LOC among (NP arbitragers)) (SBAR-2 that (S (NP-SBJ (NP the pageant) (PP of (NP high-leverage takeover deals))) (VP is (VP ending)))))) .)) (TOP (S (NP-SBJ (NP Lots) (PP of (NP other entries)) (NP *ICH*-2)) (VP made (PRT up) (NP the parade) , (PP of (NP course)) (PRN -- (NP-2 (ADVP notably) (NP (NP a (ADJP surprisingly large) increase) (PP in (NP producer prices)) , (VP signalling (NP Federal Reserve tightness))) ; and (NP (NP (NP the Bush administration 's) (PRN -LRB- temporary ? -RRB-) defeat) (PP in (S-NOM (NP-SBJ-1 *) (VP trying (S (NP-SBJ *-1) (VP to (VP lower (NP the capital-gains tax))))))))))) .)) (TOP (S (PP As (ADJP usual)) , (NP-SBJ-1 (NP few favorable reviews) (PP *ICH*-3)) (VP were (VP heard (NP *-1) (PP-3 for (NP (NP that ever-present marching band) (PP of (NP program traders)))) , (SBAR-ADV although (S (NP-SBJ most serious studies) (VP suggest (SBAR 0 (S (NP-SBJ they) (VP (ADVP only) play (NP (NP the music) (SBAR (WHNP-2 that) (S (NP-SBJ others) (VP write (NP *T*-2))))))))))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP (ADVP really) spooked (NP (NP the crowds) (PP-LOC along (NP Wall Street)))))) , (ADVP however) , (VP was (NP-PRD the sudden concern (SBAR that , (S (SBAR-ADV (WHNP whatever) (FRAG (NP the reason))) , (NP-SBJ (NP the pool) (PP of (NP debt capital))) (VP is (VP drying (PRT up))))))) .)) (TOP (S (NP-SBJ Gray Friday) (VP reflects (NP (NP a panic) (PP mainly by (NP (NP the takeover arbitragers) , (CONJP rather than) (NP the small investor)))) , (SBAR as (S (NP-SBJ-1 (NP their (ADJP highly margined) investments) (PP in (NP the `` deal '' stocks))) (VP are (VP jeopardized (NP *-1) (PP by (NP-LGS (NP the unexpected drying up) (PP of (NP (NP the lubricant) (PP for (NP deal financing))))))))))) .)) (TOP (S (NP-SBJ Deal stocks) (VP led (NP the market) (ADVP-DIR down) (SBAR-ADV as (S (NP-SBJ they) (VP absorbed (NP the heaviest losses))))) .)) (TOP (S (NP-SBJ (NP UAL) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP triggered (NP the slide)))) ,) (VP opened (NP-TMP Monday) (PP-CLR at (NP $ 224 *U*)) , (ADVP down (NP (QP about 20) %) (PP from (NP-TMP (NP Thursday 's) close)))) .)) (TOP (S (NP-SBJ AMR) (VP opened (NP-TMP Monday) (PP-CLR at (NP $ 80 *U*)) , (ADVP down (NP (QP nearly 20) %) (PP from (NP-TMP (NP Thursday 's) close)))) .)) (TOP (S -LRB- (NP-SBJ Both) (VP took (NP further hits) (NP-TMP yesterday)) . -RRB-)) (TOP (S (S (NP-SBJ Hilton) (VP lost (NP-EXT 20 %) (PP-TMP on (NP Friday)))) ; (S (NP-SBJ Paramount) (VP lost (NP (QP almost 11) %))) .)) (TOP (S (NP-SBJ A careful look) (VP reveals (SBAR that (S (SBAR-ADV (WHADVP-3 where) (S (NP-SBJ-1 deal financing) (VP has (VP been (VP secured (NP *-1) (ADVP-LOC *T*-3)))))) , (NP-SBJ-2 (NP the target 's) stock price) (VP was not (VP affected (NP *-2) (PP-TMP on (NP Friday))))))) .)) (TOP (S (NP-SBJ (NP The multibillion-dollar prospects) , (SBAR (WHADVP-2 where) (S (NP-SBJ the bidder) (VP must (VP (VP line (PRT up) (NP (NP a consortium) (PP of (NP banks)))) and/or (VP issue (NP (NP billions) (PP in (NP high-yield debt)))) (ADVP-LOC *T*-2))))) ,) (VP were (SBAR-LOC-PRD (WHADVP-3 where) (S (NP-SBJ-1 the damage) (VP was (VP concentrated (NP *-1) (ADVP-LOC *T*-3)))))) .)) (TOP (S (NP-SBJ (NP The market) (PP for (NP so-called junk bonds))) (VP has (VP been (VP setting (NP-CLR the stage) (PP-CLR for (NP (NP Friday 's) dramatic march)) (PP-TMP for (NP several weeks))))) .)) (TOP (S (NP-SBJ (NP The growing financial difficulties) (PP of (NP (NP recent high-leverage restructurings or takeovers) , (PP such as (NP (NP Resorts International) , (NP Integrated Resources) , and (NP (NP Campeau 's) retailing empire) ,))))) (VP have (VP cast (NP-CLR a pall) (PP-CLR over (NP (NP the entire market) (PP for (NP high-yield securities)))))) .)) (TOP (S (NP-SBJ-1 Investors) (VP have (VP reacted (PP-MNR (PP by (S-NOM (NP-SBJ *-1) (VP ignoring (NP (NP recent efforts (S (NP-SBJ *) (VP to (VP float (NP junk bonds))))) (PP by (NP Ohio Mattress)))))) and (PP by (S-NOM (NP-SBJ *-1) (VP forcing (S (NP-SBJ Ramada) (VP to (VP postpone (ADVP indefinitely) (NP its planned junk-bond sale and restructuring)))))))))) .)) (TOP (S (PP As (NP a result)) , (S (NP-SBJ high-yield mutual funds) (VP have (VP declined (PP-LOC across (NP the board))))) and (S (NP-SBJ (NP the many firms) (VP planning (S (NP-SBJ *) (VP to (VP sell (NP (NP (QP $ 11 billion) *U*) (PP in (NP junk bonds))) (PP-TMP before (NP year-end))))))) (VP are (VP experiencing (NP anxious times)))) .)) (TOP (S (S (NP-SBJ These) (VP are all (NP-PRD (NP market excesses) (PRN -LRB- (S (NP-SBJ *) (VP putting (PRT aside) (NP (NP the artificial boosts) (SBAR (WHNP-1 that) (S (NP-SBJ the tax code) (VP gives (NP *T*-1) (PP-DTV to (NP debt)) (PP over (NP equity)))))))) -RRB-)))) , and (S (SBAR-NOM-SBJ (WHNP-2 what) (S (NP-SBJ we) (VP 've (VP seen (NP *T*-2))))) (VP is (S-PRD (NP-SBJ the market) (VP reining (NP them) (PRT in))))) .)) (TOP (S (S (PP Of (NP course)) , (S (NP-SBJ Washington) (VP had n't (VP been (ADJP-PRD silent) (PP-TMP in (NP (NP the days) (VP leading (PRT up) (PP-CLR to (NP the debacle)))))))) , and (S (NP-SBJ its tendency (S (NP-SBJ *) (VP to (VP meddle (PP-LOC-CLR in (NP the leverage equation)))))) (VP remains (NP-PRD a troublesome prospect)))) , but (S (NP-SBJ those preliminary steps) (VP should n't (VP distract (NP us) (PP-CLR from (NP (NP the basic market fundamentalism) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP was (PP-PRD at (NP work)) (PP-TMP on (NP Friday)))))))))) .)) (TOP (SBARQ (SBAR-ADV If (S (NP-SBJ (NP it) (S *ICH*-1)) (VP is (ADJP-PRD correct) (S-1 (NP-SBJ *) (VP to (VP find (SBAR that (S (NP-SBJ (NP concerns) (PP over (NP (NP corporate debt) and (NP LBOs)))) (VP caused (NP Gray Friday)))))))))) , (WHNP-2 what) (SQ are (NP-SBJ *T*-2) (NP-PRD (NP the implications) (PP for (NP policy makers)))) ?)) (TOP (S (ADVP After all) , (NP-SBJ-1 (NP (NP the stock market 's) response) (PP to (NP (NP the collapse) (PP of (NP the UAL deal))))) (VP might (VP be (VP taken (S (NP-SBJ *-1) (VP to (VP confirm (NP (NP the anti-debt direction) (PP of (NP regulators))))))))) .)) (TOP (SQ Is (NP-SBJ this) (NP-PRD (NP a case) (SBAR (WHADVP-1 where) (S (NP-SBJ private markets) (VP are (VP approving (PP-CLR of (NP (NP (NP Washington 's) bashing) (PP of (NP Wall Street)))) (ADVP-LOC *T*-1)))))) ?)) (TOP (ADVP Absolutely not .)) (TOP (S (PP To (NP (NP the extent) (SBAR that (S (NP-SBJ (NP Friday 's) sell-off) (VP reflected (NP (NP a sudden reappraisal) (PP of (NP (NP the excesses) (PP of (NP leverage)))))))))) , (NP-SBJ the message) (VP is (SBAR-PRD that (S (NP-SBJ-1 (NP Wall Street) and (NP the private markets)) (VP are (ADJP-PRD fully capable (PP of (S-NOM (NP-SBJ *-1) (VP imposing (NP the appropriate incentives and sanctions) (PP on (NP corporate behavior)))))))))) .)) (TOP (S (NP-SBJ-1 The national economic interests) (VP are (VP (ADVP much better) served (NP *-1) (S-MNR (NP-SBJ *) (VP allowing (S (NP-SBJ (NP the private interests) (PP of (NP bankers and investors))) (VP be (NP-PRD (NP the ultimate judges) (PP of (NP (NP the investment quality) (PP of (NP (NP various LBO deals) and (NP leveraged restructurings)))))))))))) .)) (TOP (S (NP-SBJ (NP (NP The recent difficulties) (PP-LOC in (NP the junk-bond markets))) and (NP (NP the scarcity) (PP of (NP (NP bank capital) (PP for (NP recent deals)))))) (VP underscores (NP (NP the wisdom) (PP of (S-NOM (NP-SBJ *) (VP letting (S (NP-SBJ the free markets) (VP operate))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ takeover premiums) (VP become (ADJP-PRD excessive)))) , (SBAR-ADV if (S (NP-SBJ LBO dealmakers) (VP become (ADJP-PRD too aggressive)))) , (ADVP then) (S (NP-SBJ the private market) (VP will (VP recognize (NP these problems) (ADVP (ADVP more quickly and accurately) (SBAR than (SINV (VP will (VP *?*)) (NP-SBJ policy makers))))))) , and (S (NP-SBJ-1 the markets) (VP will (VP move (PP-MNR with (NP lightning speed)) (S-CLR (NP-SBJ *-1) (VP to (VP impose (NP appropriate sanctions))))))) .)) (TOP (S (S (INTJ Yes) , (NP-SBJ the broader exchanges) (VP got (VP caught (PRT up) (PP-CLR in (NP the spiral))))) , but (S (NP-SBJ they) (VP rode (NP the tiger) (ADVP-DIR up) (NP-TMP all year))) .)) (TOP (S (ADVP Not surprisingly) , (NP-SBJ he) (ADVP-TMP sometimes) (VP bites) .)) (TOP (S (NP-SBJ-1 The (NX (NX arbitragers) and (NX takeover initiatiors))) (VP got (VP killed (NP *-1) (PP-TMP on (NP Gray Friday)) , (SBAR-TMP while (S (NP-SBJ (NP the besieged managers) (PP of (NP prospective targets))) (VP cheered (ADVP-MNR lustily)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP identify (PP-CLR with (NP the besieged managers))))) , (NP-SBJ you) (VP must (VP concede (SBAR that (S (NP-SBJ-1 (NP speedy and effective relief) (PP from (NP (NP the excesses) (PP of (NP the takeover market))))) (VP is (ADJP-PRD (ADJP more likely (S (NP-SBJ *-1) (VP to (VP come (PP-CLR from (NP the marketplace)))))) (PP than (PP from (NP Washington))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP side (PP-CLR with (NP the arbitragers and raiders))))) , (NP-SBJ-2 you) (ADVP clearly) (VP have (ADJP (ADJP more (S (NP-SBJ *-2) (VP to (VP fear (PP-CLR from (NP private investors)))))) (PP than (PP from (NP regulators)))) , (SBAR-ADV although (S (NP-SBJ-1 the Delaware courts) (VP should (ADVP-TMP never) (VP be (VP underestimated (NP *-1))))))) .)) (TOP (S (NP-SBJ The truth) (VP is , (S-PRD (NP-SBJ Washington) (VP understands (NP politics) (ADVP (ADVP better) (PP than (NP economics)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 the average citizen) (VP is (ADVP probably) (VP not harmed (NP *-1) (ADVP too much) (PP-CLR from (NP (NP (NP Washington 's) rhetorical war) (PP against (NP Wall Street)) (VP regarding (NP excessive financial leveraging)))))))) , (NP-SBJ actual legislation) (VP would (ADVP probably) (VP impose (NP considerable harm))) .)) (TOP (S (NP-SBJ-2 Any such attempt (S (NP-SBJ *) (VP (VP to (VP distinguish `` (NP good debt) '' (PP-CLR from `` (NP bad debt)))) , '' or (VP to (VP draw (NP the line) (PP-LOC-CLR at (NP (NP a particular industry) , (PP such as (NP the airlines)) ,))))))) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP blunt (NP (NP the spur) (SBAR (WHNP-1 that) (S (NP-SBJ (NP the proper amount) (PP of (NP leverage))) (VP provides (NP *T*-1) (PP both to (NP (NP equity markets) and (NP (NP economic efficiency) (PP in (NP general)))))))))))))) .)) (TOP (FRAG (ADVP Far better) (SBAR for (S (NP-SBJ policy makers) (VP to (VP concentrate (PP-CLR on (NP (NP (NP the war) (PP against (NP drugs))) , (NP Panama) and (NP the deficit) , (S-ADV (NP-SBJ (NP all) (PP of (NP them))) (NP-PRD (NP parades) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP seem (S (NP-SBJ *-2) (ADVP-TMP never) (VP to (VP end)))))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Jarrell) , (NP (NP former top economist) (PP-LOC at (NP the Securities and Exchange Commission))) ,) (VP teaches (PP-LOC-CLR at (NP (NP (NP the University) (PP of (NP Rochester)) 's) Simon Business School))) .)) (TOP (S (NP-SBJ Tokyo share prices) (VP rebounded (NP-TMP Tuesday morning) , (PP with (S-NOM (NP-SBJ-1 (NP the Nikkei index) (PP of (NP 225 selected stocks))) (VP rising (NP-EXT 618.69 points) (S-CLR (NP-SBJ *-1) (VP to (VP close (NP-TMP the morning session) (PP-CLR at (NP 35087.38))))))))) .)) (TOP (S (NP-SBJ The index) (VP slid (NP-EXT (NP 647.33 points) , or (NP 1.8 %) ,) (PP-TMP on (NP Monday))) .)) (TOP (S (PP-TMP In (NP (NP the first 25 minutes) (PP of (NP (NP Tuesday 's) trading)))) (NP-SBJ the Nikkei index) (VP soared (NP-EXT 664.83 points) , (PP-DIR to (NP 35133.83))) .)) (TOP (S (PP-TMP By (NP (NP 10 a.m.) (NP Tokyo time))) , (NP-SBJ the index) (VP was (ADVP-PRD up (NP 435.11 points) , (PP to (NP 34903.80))) (SBAR-CLR as (S (NP-SBJ investors) (VP hailed (NP (NP New York 's) overnight rally))))) .)) (TOP (S (NP-SBJ (NP Monday 's) slide) (VP came (PP-TMP in (NP (NP a (ADJP relatively calm) session) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP did n't (VP provide (NP much direction) (PP-CLR for (NP other markets))))))))) .)) (TOP (S (NP-SBJ Shares) (ADVP also) (VP closed (ADVP-CLR sharply lower) (PP-LOC across (NP Europe)) , (PP-LOC (ADVP particularly) in (NP Frankfurt)) , (SBAR-ADV although (S (NP-SBJ (NP London) and (NP a few other markets)) (VP recovered (NP some ground) (SBAR-TMP after (S (NP-SBJ-1 stocks) (VP began (S (NP-SBJ *-1) (VP to (VP rebound (PP-LOC in (NP New York)))))))))))) .)) (TOP (S (S (NP-SBJ Other (ADJP Asian and Pacific) markets) (VP had (NP (NP sharper losses) (PP than (NP Tokyo))))) , but (S (NP-SBJ-1 the selling wave) (VP stopped (ADVP-CLR short (PP of (S-NOM (NP-SBJ *-1) (VP precipitating (NP another market crash))))))) .)) (TOP (S (NP-SBJ All eyes) (VP were (PP-PRD on (NP Tokyo)) (PP-TMP at (NP the opening)) (SBAR-PRP because (S (NP-SBJ it) (VP was (NP-PRD (NP the first major market) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP trade)))) (PP-TMP since (NP (NP (NP Friday 's) 190.58-point plunge) (PP-LOC on (NP Wall Street))))))))) .)) (TOP (S But (SBAR-ADV rather than (S (NP-SBJ *-1) (VP set (NP the tone) (PP for (NP other markets))))) , (NP-SBJ-1 (NP Japan 's) major institutional investors) (VP chose (S (NP-SBJ *-1) (VP to (VP remain (PP-LOC on (NP the sidelines)))))) .)) (TOP (S (ADVP Still) , (PP despite (NP (NP the sudden reappearance) (PP of (NP stock-market turbulence)))) , (NP-SBJ (NP managers) (PP of (NP Japanese investment funds))) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP were n't (VP planning (S (NP-SBJ *-1) (VP to (VP unload (NP (UCP U.S. or European) equities))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP did n't (VP trade (ADVP much) (NP-TMP today) , (SBAR-PRP as (S (NP-SBJ (NP our policy) (ADVP-TMP now)) (VP is (S-PRD (NP-SBJ *) (VP to (VP wait and see))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP a fund manager) (PP-LOC at (NP Taisho Life Insurance Co))) .)) (TOP (S `` (NP-SBJ-1 We) (VP would (VP like (S (NP-SBJ *-1) (VP to (VP wait and see (SBAR-TMP until (S (NP-SBJ trading) (VP goes (ADVP-CLR around) (PP-LOC through (NP (NP Europe) and (NP New York))))))))))) . '')) (TOP (S (S (NP-SBJ The institutions) (VP appeared (ADJP-PRD confident (SBAR that (S (NP-SBJ-2 Japanese regulators) (VP would (VP step (ADVP-CLR in) (S-PRP (NP-SBJ *-2) (VP to (VP ensure (NP orderly trading)))) (SBAR-ADV if (FRAG (ADJP necessary)))))))))) , and (S (NP-SBJ there) (VP was (NP-PRD (NP considerable speculation (SBAR *ICH*-1)) (PP-TMP during (NP the day)) (SBAR-1 that (S (NP-SBJ-3 the Finance Ministry) (VP was (VP working (PP-LOC behind (NP the scenes)) (S-PRP (NP-SBJ *-3) (VP to (VP do (NP just that))))))))))) .)) (TOP (S But (PP in (NP (NP the absence) (PP of (NP panicky trading)))) , (NP-SBJ-1 its presence) (VP was (ADVP-TMP never) (VP (ADVP overtly) felt (NP-PRD *-1))) .)) (TOP (S (PP-TMP At (NP the close)) , (NP-SBJ (NP the Nikkei average) (PP of (NP 225 stocks))) (VP stood (PP-CLR at (NP 34468.69)) , (ADVP down (NP (NP 647.33 points) , or (NP 1.8 %)))) .)) (TOP (S (NP-SBJ The broader Tokyo Stock Price Index) (VP sank (NP-EXT (NP 45.66) , or (NP 1.7 %) ,) (PP-DIR to (NP 2600.88))) .)) (TOP (S (NP-SBJ (NP The day 's) decline) (VP was (ADVP generally) (PP-PRD in (NP (NP line) (PP with (NP (NP analysts ') weekend predictions))))) .)) (TOP (S (NP-SBJ Declining issues) (VP swamped (NP advancers) , (ADVP 941-105)) .)) (TOP (S But (NP-SBJ volume) (VP was (ADJP-PRD thin) (PP at (NP (QP 526.2 million) shares)) , (PP compared (PP with (NP (NP (QP 574.7 million)) (NP-TMP Friday))))) .)) (TOP (S (NP-SBJ The market) (VP opened (ADVP-CLR sharply lower) , (PP with (NP (NP the Nikkei average) (ADVP down (NP (QP nearly 600)) (PP-TMP after (NP 20 minutes)))))) .)) (TOP (S (S (NP-SBJ A midmorning rebound) (VP brought (NP-1 it) (ADVP-CLR back) (S-CLR (NP-SBJ *-1) (VP to (VP show (NP (NP a gain) (PP of (NP (QP about 200)))) (PP-TMP at (NP (NP the end) (PP of (NP the morning session))))))))) , but (S (S (NP-SBJ the rally) (VP failed (PP-TMP in (NP the afternoon)))) , and (S (NP-SBJ the market) (VP closed (PP-LOC near (NP (NP the day 's) low))))) .)) (TOP (S (NP-SBJ (NP The smaller stocks) (PP in (NP (NP the Tokyo market 's) second section))) (ADVP also) (VP posted (NP (NP their biggest decline) (PP of (NP the year)))) .)) (TOP (S (NP-SBJ (NP The Tokyo Stock Exchange index) (PP for (NP the second section))) (VP fell (NP-EXT (NP 100.96) , or (NP 2.7 %) ,) (PP-DIR to (NP 3655.40))) .)) (TOP (S (NP-SBJ (NP Many investors) , (VP trying (S (NP-SBJ *) (VP to (VP outperform (NP (NP the market 's) major indexes)))))) , (VP have (VP flocked (PP-DIR to (NP these small issues)) (PP-TMP in (NP recent weeks)))) .)) (TOP (S (NP-SBJ Japanese investors and traders) (VP expressed (NP relief (SBAR that (S (NP-SBJ the Tokyo market) (VP did n't (VP fall (ADVP-MNR more sharply))))))) .)) (TOP (S But (NP-SBJ its performance) (VP did (VP bear (NP (NP some resemblance) (PP to (NP (NP events) (PP of (ADVP-TMP (NP two years) ago)) , (PP-TMP during (NP the October 1987 global stock market crash))))))) .)) (TOP (S (S (PP-TMP On (NP (NP Oct. 16 , 1987) (PRN -- (NP (NP the Friday) (PP before (NP the Black Monday crash))) --))) (NP-SBJ the New York market) (VP dropped (NP-EXT 4.6 %))) , and (S (NP-SBJ Tokyo) (VP followed (PP-TMP on (NP Monday)) (PP with (NP a (ADJP 2.4 %) drop)))) .)) (TOP (S (NP-TMP This time) , (NP-SBJ-1 (NP (NP Wall Street 's) plunge) (PP of (NP 6.9 %)) (NP-TMP Friday)) (VP was (VP followed (NP *-1) (PP by (NP-LGS (NP (NP yesterday 's) (ADJP 1.8 %) loss) (PP-LOC in (NP Tokyo)))))) .)) (TOP (S (ADVP-TMP (NP Two years) ago) , (NP-SBJ (NP Tokyo 's) biggest fall) (VP came (NP-TMP (NP the day) (PP-TMP after (NP (NP New York 's) (ADJP 22.6 %) Black Monday plunge)) , (SBAR (WHADVP-1 when) (S (NP-SBJ the Nikkei average) (VP fell (NP-EXT 14.9 %) (ADVP-TMP *T*-1)))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ market participants) (NP-TMP yesterday) (VP were (VP looking (ADVP-CLR ahead) (ADVP-MNR nervously) (PP-CLR to (NP (NP Wall Street 's) opening)))) .)) (TOP (S But (PP-LOC in (NP New York)) (NP-TMP yesterday) , (NP-SBJ-1 the Dow Jones Industrial Average) (VP surged (NP-EXT 88.12) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP 2657.38))))) (PP on (NP (NP heavy volume) (PP of (NP 416,290,000 shares)))) , (SBAR-ADV although (S (NP-SBJ declining issues) (ADVP still) (VP outnumbered (NP advancing ones) (PP-LOC on (NP the broad market)))))) .)) (TOP (S (NP-SBJ (NP Nobuto Yasuda) , (NP (NP a director) (PP-LOC at (NP Yamaichi Investment Trust & Management Co.))) ,) (VP called (S (NP-SBJ (NP yesterday 's) session) (NP-PRD (NP `` a good scenario '') (PP for (NP Japan))))) .)) (TOP (S `` (S-TPC-2 (ADVP-TMP Now) (NP-SBJ we) (VP are (VP looking (PP-CLR for (NP (NP the time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP place (NP buy orders) (ADVP-TMP *T*-1)))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S `` (PP For (NP us institutional investors)) , (NP-SBJ (NP the chance) (PP for (NP buying))) (VP has (VP come)) . '')) (TOP (S (NP-SBJ (NP Isao Ushikubo) , (NP (NP general manager) (PP of (NP (NP the investment research department) (PP-LOC at (NP Toyo Trust & Banking Co.))))) ,) (ADVP also) (VP was (ADJP-PRD optimistic)) .)) (TOP (S (NP-SBJ He) (VP described (NP (NP (NP Friday 's) plunge) (PP-LOC in (NP the U.S.))) (PP-CLR as (NP (NP a `` fleeting '' event) (VP resulting (PP in (NP part)) (PP-CLR from (NP excessive merger and acquisition activity)))))) .)) (TOP (S `` (S-TPC-2 (SBAR-ADV Unless (S (NP-SBJ there) (VP is (NP-PRD a panic)))) , (NP-SBJ this) (VP is (NP-PRD (NP the best time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP buy (ADVP-TMP *T*-1)))))) , (SBAR-ADV as (SINV was (NP-SBJ the (NP case)) (NP-PRD *?*) (ADVP-TMP (NP two years) ago))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S `` (S (NP-SBJ-1 (NP Those shares) (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP had (VP posted (NP gains) (PP on (NP M&A speculation))))))) (VP were (VP dashed (NP *-1) (PP-CLR with (NP cold water))))) , but (S (ADVP (ADVP as far) (SBAR as (S (NP-SBJ-2 major stocks) (VP are (VP concerned (NP *-2)))))) , (NP-SBJ there) (VP is n't (NP-PRD much impact))) . '')) (TOP (S (NP-SBJ Other fund managers) (VP were (ADJP-PRD similarly sanguine)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 We) (VP have (NP no plans (S (NP-SBJ *-2) (VP to (VP adjust (NP (NP our asset allocation) (PP in (NP foreign equities))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Masato Murakami) , (NP (NP chief portfolio manager) (PP-LOC in (NP (NP the pension fund management department) (PP-LOC at (NP Yasuda Trust & Banking Co)))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP Friday 's) Wall Street decline) (VP was (PP-PRD `` well within (NP (NP the range) (PP of (NP volatility)) '' (SBAR (WHNP-1 that) (S (NP-SBJ Yasuda Trust) (VP plans (PP-CLR for (NP *T*-1)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ it) (VP charts (NP its overseas investment strategy) (ADVP-TMP *T*-2))))))))))))) .)) (TOP (S (PP-LOC Among (NP other Asian and Pacific markets)) , (NP-SBJ Malaysia and Singapore) (VP had (NP the biggest losses) , (PP with (S-NOM (S (NP-SBJ-1 (NP the Kuala Lumpur composite index) (PP-LOC in (NP Malaysia))) (VP falling (NP-EXT-2 11.5 %))) and (S (NP-SBJ=1 (NP Singapore 's) Straits Times Industrial Index) (ADVP-PRD=2 down (NP 10 %)))))) .)) (TOP (S (NP-SBJ Major indexes) (VP declined (NP-EXT (NP (NP (QP more than 8) %) (PP-LOC in (NP (NP Australia) and (NP New Zealand)))) and (NP (NP 6.5 %) (PP-LOC in (NP Hong Kong))))) .)) (TOP (S (NP-SBJ Bangkok , Manila , Seoul , Taipei and Jakarta) (VP escaped (PP with (NP (ADJP slightly smaller) losses))) .)) (TOP (S (NP-SBJ (NP Brokers) and (NP fund managers)) (VP said (SBAR 0 (S (NP-SBJ (NP the region 's) markets) (VP were (VP reacting (PP-CLR to (NP (NP Friday 's) Wall Street plunge)) (SBAR-ADV even though (S (NP-SBJ that decline) (VP was (ADJP-PRD due (PP to (NP (NP local factors) (PP such as (NP (NP failed corporate buy-outs) and (NP a deteriorating junk-bond market)))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (NP-PRD pure psychology))) , '' (VP said (S *T*-1)) (NP-SBJ (NP William Au Yeung) , (NP (NP an account executive) (PP for (NP (NP Drexel Burnham Lambert (PRN -LRB- (NP-LOC HK) -RRB-) Ltd.) (PP-LOC in (NP Hong Kong)))))) .)) (TOP (S `` (S (S (NP-SBJ-1 (NP Markets) (PP-LOC in (NP this region))) (VP are n't (VP (ADVP so) geared (NP *-1) (PP-CLR to (NP leveraged buy-outs))))) , and (S (NP-SBJ their economies) (ADVP generally) (VP are (PP-PRD in (NP good shape))))) , but (S (NP-SBJ there) (VP 's (NP-PRD no doubt (SBAR that (S (NP-SBJ Asia) (VP is (ADVP-TMP still) (VP following (NP (NP America 's) lead)))))))) . '')) (TOP (S (NP-SBJ Several analysts) (VP said (SBAR 0 (S (NP-SBJ Malaysia and Singapore) (VP had (NP the biggest losses) (SBAR-PRP because (S (NP-SBJ they) (VP are (ADJP-PRD relatively open (PP to (NP rapid cash flows)))))))))) .)) (TOP (S (S (NP-SBJ Hong Kong) (VP is (NP-PRD (NP the region 's) (ADJP next most open) market))) , but (S (NP-SBJ many foreign investors) (VP have (VP been (VP staying (PRT away) (PP-CLR from (NP it)) (SBAR-TMP since (S (NP-SBJ it) (VP plunged (PP-TMP in (NP June)) (PP amid (NP (NP political turmoil) (PP-LOC in (NP China))))))))))) .)) (TOP (SINV `` (S-TPC-5 (NP-SBJ Singapore) (VP took (NP the hit) (SBAR-PRP because (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 people) (VP want (S (NP-SBJ *-2) (VP to (VP get (PRT out) (ADVP-TMP *T*-1))))))) , (NP-SBJ-3 they) (VP tend (S (NP-SBJ *-3) (VP to (VP go (SBAR-DIR (WHADVP-4 where) (S (NP-SBJ the liquidity) (VP is (ADVP-LOC-PRD *T*-4)))))))))))) , '' (VP said (S *T*-5)) (NP-SBJ (NP Elizabeth Hambrecht) , (NP (NP a regional analyst) (PP with (NP Baring Securities (PRN -LRB- (NP-LOC Hong Kong) -RRB-) Ltd)))) .)) (TOP (S (NP-SBJ She) (VP pointed (PRT out) (SBAR that (S (PP-TMP even after (NP (NP Monday 's) (ADJP 10 %) decline)) , (NP-SBJ the Straits Times index) (VP is (ADVP-PRD up (NP 24 %)) (NP-TMP this year)))) , (SBAR-ADV so (S (NP-SBJ (NP investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP bailed (PRT out))))) (ADVP generally) (VP did (ADVP-PRD so) (ADVP-MNR profitably))))) .)) (TOP (S (ADVP Similarly) , (NP-SBJ (NP Kuala Lumpur 's) composite index) (NP-TMP yesterday) (VP ended (NP (NP 27.5 %) (PP above (NP its 1988 close)))) .)) (TOP (S (PP-LOC In (NP Hong Kong)) , (NP-SBJ-1 the Hang Seng Index) (VP fell (NP-EXT 180.60) (S-CLR (NP-SBJ *-1) (VP to (VP finish (PP-CLR at (NP 2601.70)))))) .)) (TOP (S (NP-SBJ Trading) (VP was (ADJP-PRD heavy) (PP-CLR at (NP (NP (QP about one billion) shares) , (PP compared (PP with (NP (NP (QP 473.9 million)) (NP-TMP Friday))))))) .)) (TOP (S But (NP-SBJ the session) (VP was (ADJP-PRD orderly) , (PP in (NP (NP contrast) (PP to (NP (NP (NP the market 's) four-day closure) (PP-TMP after (NP the 1987 crash))))))) .)) (TOP (S (NP-SBJ (NP Richard Chenevix-Trench) , (NP (NP a director) (PP-LOC at (NP (ADJP Hong Kong-based) Baring International Fund Managers Ltd.))) ,) (VP said (SBAR 0 (S (NP-SBJ the market) (ADVP probably) (VP (VP has n't (VP hit (NP bottom) (ADVP-TMP yet))) but (VP is (ADJP-PRD close)))))) .)) (TOP (S `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ New York) (VP does n't (VP collapse)))) , (NP-SBJ I) (VP see (NP (QP maybe another 5) %) (PP on (NP the downside)) , (S-ADV (NP-SBJ *) (VP not counting (NP (NP the risk) (PP of (NP (NP bad news) (PP-LOC out (PP of (NP China)))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (PP-LOC In (NP Australia)) , (NP-SBJ (NP Sydney 's) All Ordinaries index) (VP closed (PP-CLR at (NP 1601.5)) , (ADVP down (NP 8.1 %)) , (NP-ADV (NP its biggest drop) (PP-TMP since (NP October 1987)))) .)) (TOP (S But (NP-SBJ volume) (VP rose (ADVP only) (PP-DIR to (NP (QP 162 million) shares)) (PP-DIR from (NP (QP 143 million)) (NP-TMP Friday))) .)) (TOP (S (NP-SBJ (NP Nestor Hinzack) , (NP (NP an analyst) (PP-LOC at (NP brokerage firm Burdett , Buckeridge & Young Ltd.))) ,) (VP described (NP (NP the market 's) performance) (PP-CLR as `` (ADJP sheep-like) '') (SBAR-ADV as (S (NP-SBJ investors) (VP (VP fled (PP-DIR to (NP bluechip Australian stocks))) and (VP shunned (NP (NP entrepreneurial companies) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP perceived (NP-2 *T*-1) (PP-CLR as (S-NOM (NP-SBJ *-2) (VP having (S (NP-SBJ any takeover premium) (VP built (PP-CLR into (NP the price)))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP London 's) Financial Times-Stock Exchange 100-share index) , (NP the (ADJP (ADVP most closely) watched) market barometer) ,) (VP ended (PP-CLR at (NP (NP its intraday high) (PP of (NP 2163.4)))) , (ADVP down (NP (NP 70.5) , or (NP 3.2 %)))) .)) (TOP (S (PP At (NP its low)) , (SBAR-TMP shortly before (S (NP-SBJ Wall Street) (VP opened))) , (NP-SBJ it) (VP was (ADVP-PRD off (NP (QP more than 130) points))) .)) (TOP (S (NP-SBJ The Financial Times 30-share index) (VP closed (ADVP-CLR (NP 79.3 points) lower) (PP-CLR at (NP 1738.7))) .)) (TOP (S (NP-SBJ Volume) (VP (ADVP more than) doubled (PP-DIR to (NP (QP 959.3 million) shares)) (PP-DIR from (NP (QP 457.7 million)) (NP-TMP Friday))) .)) (TOP (S (NP-SBJ (NP Prices) (PP-LOC on (NP the Frankfurt Stock Exchange))) (VP tumbled (PP-LOC in (NP heavy trading))) .)) (TOP (S (NP-SBJ (NP The decline) (PP in (NP the German Stock Index)) (PP of (NP (NP 203.56 points) , or (NP 12.8 %) ,)) (PP-DIR to (NP 1385.72))) (VP was (NP-PRD (NP (NP the Frankfurt market 's) steepest fall) (ADVP-TMP ever))) .)) (TOP (S (NP-SBJ Retail investors) (VP dumped (NP holdings) (PP-MNR on (NP a massive scale)) , (S-ADV (NP-SBJ *) (VP pushing (NP some blue-chip shares) (ADVP down (NP (QP as much as 20) %))))) .)) (TOP (S (NP-SBJ Analysts) (VP cited (NP (NP memories) (PP of (NP-TMP (NP (NP two years) (ADVP ago)) , (SBAR (WHADVP-2 when) (S (S (NP-SBJ many small investors) (VP held (PP-CLR on (PP to (NP their shares))) (PP-TMP after (NP the October crash)))) but (S (NP-SBJ-1 the (ADJP West German) market) (VP continued (S (NP-SBJ *-1) (VP to (VP decline (ADVP-MNR steeply) (PP-TMP for (NP the next three months))))))) (ADVP-TMP *T*-2))))))) .)) (TOP (S (NP-SBJ Here) (VP are (NP-PRD (NP price trends) (PP on (NP (NP the world 's) major stock markets)) , (SBAR as (S (NP-SBJ-1 *) (VP calculated (NP *-1) (PP by (NP-LGS (NP Morgan Stanley Capital International Perspective) , (NP Geneva)))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP make (S (NP-SBJ them) (ADJP-PRD directly comparable))))) , (NP-SBJ-1 each index) (VP is (VP based (NP *-1) (PP-CLR on (S-NOM (NP-SBJ (NP the close) (PP of (NP 1969))) (VP equaling (NP 100)))))) .)) (TOP (S (NP-SBJ The percentage change) (VP is (PP-PRD since (NP year-end))) .)) (TOP (S (NP-SBJ-1 Frank Lloyd Wright) (VP is (VP reported (S (NP-SBJ *-1) (VP to (VP have (VP said (ADVP-TMP once) (SBAR that (S (SBAR-ADV if (S (NP-SBJ you) (VP tipped (NP the world) (PP-CLR on (NP its side))))) , (NP-SBJ (NP everything) (ADJP loose)) (VP would (VP end (PRT up) (PP-LOC in (NP California)))))))))))) .)) (TOP (S (S (NP-SBJ We) (VP 've (ADVP-TMP always) (VP thought (SBAR that (S (NP-SBJ Mr. Wright) (VP underestimated (NP (NP California 's) vitality))))))) , but (S (ADVP maybe) (NP-SBJ-2 (NP the state 's) la-la factions) (VP are (VP starting (S (NP-SBJ *-2) (VP to (VP overwhelm (NP (NP the forces) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP made (S (NP-SBJ it) (NP-PRD such a significant place)))))))))))) .)) (TOP (SBARQ (WHNP-2 What else) (SQ is (NP-SBJ-1 one) (S-PRD (NP-SBJ *-1) (VP to (VP make (NP *T*-2) (PP-CLR of (NP (NP the whacky save-the-earth initiative) (VP (VP (ADVP-TMP just) proposed (NP *) (PP by (NP-LGS several major environmental groups))) and (VP organized (NP *) (PP by (NP-LGS (NP the state 's) attorney general)))))))))) ?)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 *-2) (VP passed (NP *-1) (PP by (NP-LGS the voters))))) , (NP-SBJ-2 the (ADJP recently announced) initiative) (VP would (VP (VP phase (PRT out) (NP major pesticides)) , (VP reduce (NP carbon dioxide emissions) (PP-EXT by (NP 40 %))) , (VP ban (NP new offshore drilling)) , (VP ban (NP (NP chemicals) (VP thought (S (NP-SBJ *) (VP to (VP deplete (NP the ozone layer))))))) , and (VP create (NP (NP a new state environmental officer) (VP armed (NP *) (PP-CLR with (NP (NP a (ADJP (QP $ 40 million) *U*) budget) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP sue (NP (NP any firm or agency) (SBAR (WHNP-4 0) (S (NP-SBJ he) (VP thinks (SBAR 0 (S (NP-SBJ *T*-4) (VP is (VP being (ADJP-PRD too dirty))))))))) (ADVP *T*-3)))))))))))) .)) (TOP (S (NP-SBJ-1 The initiative) (VP is (VP based (NP *-1) (ADVP largely) (PP-CLR on (NP (NP the wish-lists) (PP of (NP (NP the green lobby) : (NP (NP the Sierra Club) , (NP (NP the League) (PP of (NP Conservation Voters))) , (NP the Natural Resources Defense Council) , (NP the National Toxics Campaign) and (NP (NP the Citizens) (PP for (NP a Better Environment)))))))))) .)) (TOP (S (ADVP Interestingly) , (NP-SBJ the Environmental Defense Fund) (VP is (VP having (NP (NP nothing) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1) (PP-CLR with (NP this one))))))))) .)) (TOP (S (NP-SBJ (CONJP Not only) (NP Californians) but (NP all Americans)) (VP would (VP pay (SBAR-ADV if (S (NP-SBJ this thing) (VP passed))))) .)) (TOP (S (NP-SBJ The initiative) (VP bars (NP (NP the sale) (PP of (NP (NP any crops) (SBAR *ICH*-2))) (PP-LOC in (NP California)) (SBAR-2 (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do n't (VP meet (NP (NP the initiative 's) standards))))))) .)) (TOP (S (NP-SBJ-1 (NP Kansas wheat farmers) and (NP Florida fruit growers)) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP (VP adjust) or (VP give (PRT up) (NP the California market))))))) .)) (TOP (S (PP In (NP other words)) , (NP-SBJ-1 California) (VP is (VP presuming (S (NP-SBJ *-1) (VP to (VP take (NP (NP control) (PP of (NP (NP the nation 's) farm policy)))))))) .)) (TOP (S (PP As (ADJP usual)) (NP-SBJ-1 (NP the green lobby 's) proposal) (VP is (VP disconnected (NP *-1) (PP-CLR from (NP scientific reality)))) .)) (TOP (S (NP-SBJ *) (VP Consider (NP the greenhouse-effect provision)) .)) (TOP (S (NP-SBJ The proposed initiative) (VP would (VP mandate (NP (NP a reduction) (PP of (NP carbon dioxide)) (PP of (NP 40 %))))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ one) (VP buys (PP-CLR into (NP the whole greenhouse theory))))) , (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP is (ADJP-PRD inconceivable) (SBAR-1 that (S (NP-SBJ (NP reductions) (PP-LOC in (NP a single state))) (VP could (VP have (NP (NP any impact) (PP on (SBAR (WHNP-3 what) (S (NP-SBJ-2 *T*-3) (VP is (VP billed (NP *-2) (PP-CLR as (NP a global problem))))))))))))) .)) (TOP (SBARQ But (SBAR-ADV if (S (NP-SBJ rational science and economics) (VP have (NP (NP nothing) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-2) (PP-CLR with (NP the new environment initiative)))))))))) , (WHNP-1 what) (SQ (NP-SBJ *T*-1) is (VP going (PRT on))) ?)) (TOP (S (NP-SBJ (NP The first place) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP look (ADVP-LOC *T*-1)))))) (PP-LOC under (NP these circumstances)) (VP is (PP-PRD at (NP (NP the ways) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ (NP the sponsors) (NP themselves)) (VP will (VP benefit (PP-MNR *T*-2)))))))) .)) (TOP (S (NP-SBJ The key) (ADVP-LOC here) (VP is (NP-PRD (NP the ambition) (PP of (NP state Attorney General John Van de Kamp)))) .)) (TOP (S (NP-SBJ He) (VP 's (VP running (PP-CLR for (NP governor)))) .)) (TOP (S (NP-SBJ Mr. Van de Kamp) (VP is (NP-PRD (NP the one) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP (VP collected (NP the plans) (PP-CLR from (NP the various radical environmental groups))) and (VP cobbled (NP them) (PP-CLR into (NP (NP a single unwieldy initiative) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP placed (NP *-1) (PP-LOC on (NP the ballot)) (PP for (NP election)) (PP-TMP on (NP Nov. 6 , 1990))))))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (ADVP also) (NP-PRD (NP the day) (PP of (NP the gubernatorial election)))) .)) (TOP (S (NP-SBJ-3 The initiative) (VP seems (S (NP-SBJ-4 *-3) (VP to (VP have (VP been (VP crafted (NP-5 *-4) (S-PRP (NP-SBJ *-5) (VP to (VP include (NP (NP all the hot issues) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP set (PRT off) (NP (NP the wealthy Hollywood weepers) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP donate (NP money)))))))))))))))))) .)) (TOP (S And (NP-SBJ it) (VP allows (S (NP-SBJ Mr. Van de Kamp) (VP to (VP get (PP-CLR around (NP campaign spending limits)))))) .)) (TOP (S (S (NP-SBJ He) (VP can (VP spend (NP (NP the legal maximum) (PP for (NP his campaign)))))) ; (S (NP-SBJ (NP all the spending) (PP for (NP (NP the Van de Kamp initiative) (PRN -LRB- (SBAR (WHPP-1 on (WHNP which)) (S (NP-SBJ there) (VP are (NP-PRD no limits) (PP *T*-1)))) -RRB-)))) (VP is (NP-PRD gravy))) .)) (TOP (S (S (NP-SBJ-1 This initiative) (VP is (VP being (VP labeled (S (NP-SBJ *-1) (NP-PRD The Big Green)))))) , but (S (ADVP maybe) (NP-SBJ-2 it) (VP should (VP be (VP called (S (NP-SBJ *-2) (NP-PRD The Big Greenback)))))) .)) (TOP (S -LRB- (NP-SBJ-1 (NP The Republican candidate) , (NP Sen. Pete Wilson) ,) (VP is (VP playing (NP the initiative fundraising game) (ADVP too) , (S-ADV (NP-SBJ *-1) (VP sponsoring (NP his own crime initiative))))) . -RRB-)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP it) (SBAR *ICH*-3)) (VP is (ADJP-PRD possible) (SBAR-3 that (S (NP-SBJ-5 the Big Green initiative) (VP will (VP be (VP ruled (S (NP-SBJ *-5) (ADJP-PRD unconstitutional)))))))))) , (NP-SBJ (NP it) (SBAR *EXP*-4)) (VP is (ADVP of course) (ADJP-PRD conceivable) (SBAR-4 that (S (PP-LOC in (NP modern California)) (NP-SBJ it) (VP could (VP slide (ADVP-CLR through)))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP the state) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP-TMP recently) (VP passed (NP the Prop. 65 anti-toxic initiative)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ this new proposal) (ADVP-TMP ever) (VP does (VP become (NP-PRD law))))) , (NP-SBJ the green lobby) (VP will (VP benefit (ADVP-MNR directly))) .)) (TOP (S (NP-SBJ The initiative) (VP creates (NP (NP a (ADJP free floating) state environmental officer) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP sue (NP (NP (NP companies) or (NP government agencies)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do (NP (NP things) (SBAR (WHNP-2 0) (S (NP-SBJ he) (VP does n't (VP like (NP *T*-2)))))))))))))))) .)) (TOP (S (S (NP-SBJ That) (VP means (SBAR 0 (S (NP-SBJ-1 (NP the NRDC) and (NP such groups)) (ADVP-TMP no longer) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP spend (NP as much money) (PP on (NP litigation))))))))))) ; (S (NP-SBJ taxpayers) (VP would (VP bear (NP the cost)))) .)) (TOP (S (NP-SBJ (NP Mr. Van de Kamp) and (NP his allies)) (VP may (VP be (VP hoping (SBAR that (S (NP-SBJ the environment) (VP is (NP-PRD (NP such a mom and apple-pie issue) (SBAR *ICH*-1)) (PP among (NP (NP certain segments) (PP of (NP (NP California 's) population)))) (ADVP-TMP now) (SBAR-1 that (S (NP-SBJ (NP almost any collection) (PP of (NP anti-scientific , anti-pocketbook nonsense))) (VP can (VP pass (PP-LOC under (NP its rubric)))))))))))) .)) (TOP (S (ADVP Of course) (NP-SBJ (NP the state 's) liberals) (VP are not (ADVP-TMP yet) (NP-PRD (NP a nation) (PP unto (NP themselves)))) .)) (TOP (S (NP-SBJ George Bush) , (PP for (NP example)) , (VP may (VP decide (SBAR that (S (NP-SBJ-2 he) (VP does n't (VP want (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP the President) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP lost (NP (NP control) (PP of (NP interstate commerce))) (PP-CLR to (NP (NP an attorney general) (PP from (NP California))))))))))))))))) .)) (TOP (S And (NP-SBJ-1 (NP some other segments) (PP of (NP (NP California 's) (UCP political and media) culture))) (VP may (ADVP yet) (VP start (S (NP-SBJ *-1) (VP to (VP point (PRT out) (SBAR that (S (NP-SBJ the initiative) (VP would (VP impose (NP significant costs) (PP-CLR on (NP (NP the state 's) (ADJP less affluent) citizens)) (PP in (NP (NP the form) (PP of (NP (NP higher food prices) and (NP lost jobs)))))))))))))) .)) (TOP (S (NP-SBJ This grandiose initiative) (VP will (VP help (S (NP-SBJ California) (VP define (NP itself) (PP for (NP the future)) (PP-CLR either (PP as (NP (NP a state) (VP (ADVP still) tethered (NP *) (PP-CLR to (NP (ADJP economic and scientific) reality))))) , or (PP as (NP (NP one) (VP being (VP led (NP *) (PP-CLR to (SBAR-NOM (WHADVP-1 wherever) (S (NP-SBJ-2 its la-la activists) (VP want (S (NP-SBJ *-2) (VP to (VP take (NP it) (ADVP-LOC *T*-1))))))))))))))))) .)) (TOP (S (ADVP-TMP First) , (NP-SBJ there) (VP was (NP-PRD a death watch)) .)) (TOP (FRAG (ADVP Then) (NP exhilaration) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Spurred (NP *-2) (PP by (NP-LGS (NP waves) (PP of (NP (NP large-scale buying) (PP in (NP blue-chip stocks)))))))) , (NP-SBJ-1 the Dow Jones Industrial Average) (VP (VP rallied (NP-TMP yesterday)) and (VP erased (NP (NP (QP about a half)) (PP of (NP (NP Friday 's) 190.58-point plunge))) , (S-ADV (NP-SBJ *-1) (VP gaining (NP 88.12) (PP-DIR to (NP 2657.38)))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP the fourth-biggest advance) (PP for (NP (NP the average) (PP of (NP 30 blue chips)))) , (PP on (NP (NP (NP frenetic New York Stock Exchange volume) (PP of (NP 416,290,000 shares))) -- (NP (NP the highest) (PP-TMP since (NP (NP the days) (PP after (NP the 1987 crash))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the advance) (VP cheered (NP (NP investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP feared (SBAR 0 (S (NP-SBJ a 1987-style crash) (VP would (VP occur (NP-TMP yesterday)))))))))))) , (NP-SBJ it) (VP was (ADVP strictly) (NP-PRD (NP a big-stock rally) (VP fed (NP *) (PP by (NP-LGS (NP huge buying) (PP by (NP (NP bargain-hunting institutions) and (NP program traders)))))))) .)) (TOP (NP (NP A troubling sign) : (S (S (NP-SBJ (NP Declining stocks) (PP-LOC on (NP the Big Board))) (VP outnumbered (NP advancers) , (ADVP 975 to 749))) , and (S (NP-SBJ (NP the over-the-counter market) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (NP many smaller stocks))))) (VP suffered (NP (NP aftershocks) (PP of (NP (NP Friday 's) late Big Board plunge)))))) .)) (TOP (S (NP-SBJ The Nasdaq OTC index) (VP closed (ADVP-CLR down (NP 6.31) (PP to (NP 460.98)))) .)) (TOP (S (ADVP-TMP Meanwhile) , (PP-LOC in (NP (NP a divergence) (PP-LOC in (NP (NP two) (PP of (NP (NP the market 's) (ADJP most important) indicators)))))) , (NP-SBJ (NP (NP the Dow industrials ') sister average) , (NP the 20-stock Dow Jones Transportation Average) ,) (VP tumbled (NP-EXT 102.06) (PP-DIR to (NP 1304.23)) -- (NP-ADV (NP its second-worst decline) (ADJP next (PP to (NP (NP the 164.78-point fall) (PP-TMP during (NP the 1987 crash))))))) .)) (TOP (S (NP-SBJ Transports) (VP plunged (PP-CLR on (NP (NP takeover disappointments) (PP in (NP (NP two airline stocks) , (NP UAL and AMR) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) each (VP fell (NP (QP more than 20) %) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-4 they) (VP reopened (PP-PRP for (NP trading)) (NP-TMP yesterday) (PP-TMP after (S-NOM (NP-SBJ-1 *-4) (VP being (VP suspended (NP *-1) (NP-TMP Friday afternoon))))) (ADVP-TMP *T*-3)))))))))))) .)) (TOP (S (NP-SBJ (NP UAL) , (NP (NP the takeover stock) (PP-LOC at (NP (NP the center) (PP of (NP (NP Friday 's) 190.58-point market plunge))))) ,) (VP fell (NP-EXT (QP 56 7/8)) (PP-DIR to (NP (QP 222 7/8))) (PP on (NP (QP nearly 2.3 million) shares))) .)) (TOP (SINV (S-TPC-1 (ADVP Overall) , `` (S (NP-SBJ this) (VP is (NP-PRD a pleasant rally))) but (S (NP-SBJ it) (VP 's (ADJP-PRD very selective)))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Arthur Cashin Jr.) , (NP (NP a veteran PaineWebber Inc. trader) (PP-LOC at (NP the Big Board)))) .)) (TOP (S `` (NP-SBJ Everyone) (VP was (ADJP-PRD (NP-ADV a little) concerned (PP about (NP (NP the (NX (NX (NX general narrowness) (PP of (NP the rally))) and (NX (NX failure (S *ICH*-1)) (PP of (NP the OTC market)) (S-1 (NP-SBJ *) (VP to (VP get (PP-CLR into (NP plus territory)))))))))))) .)) (TOP (S (NP-SBJ It) (VP 's (NP-PRD just a strange feeling)) .)) (TOP (S (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ-1 anyone) (VP left (NP the place) (S-MNR (NP-SBJ *-1) (VP whistling (NP Dixie)))))))) . '')) (TOP (S (NP-SBJ The rally) (VP gave (NP credence) , (ADVP (ADVP at least) (PP for (NP now))) , (PP-DTV to (NP (NP the pre-trading declaration (SBAR *ICH*-1)) (PP of (NP Big Board Chairman John J. Phelan Jr.)) (SBAR-1 that (S (NP-SBJ (NP Friday 's) market debacle) (VP was `` (NP-PRD (NP an abnormal condition) , and not (NP a disaster)))))))) . '')) (TOP (S But (PP to (NP traders)) , (NP-SBJ it) (VP looked (PP-CLR like (NP disaster)) (PP-TMP on (NP the 9:30 a.m. opening bell))) .)) (TOP (S (NP-SBJ The Dow Jones Industrial Average) (VP opened (ADVP-CLR down (NP 1.64)) (PP-TMP shortly after (NP 9:30))) .)) (TOP (S But (NP-SBJ (NP most) (PP of (NP (NP the 30 blue-chip stocks) (PP-LOC in (NP the average)))) , (PP including (NP (NP Eastman Kodak) and (NP General Motors))) ,) (VP could n't (VP trade (PP-PRP because of (NP (NP the heavy backlog) (PP of (NP (NP sell orders) (VP left (NP *) (PRT over) (PP-CLR from (NP (NP Friday 's) late-afternoon rout))))))))) .)) (TOP (S (PP-TMP At (NP 9:45)) , (NP-SBJ (NP Procter & Gamble) (PRN -- (NP (NP one) (PP of (NP the (ADJP most important) Dow bellwethers)) (PP of (ADJP late))) --)) (VP opened (ADVP-CLR down (NP (QP 2 3/4)) (PP to (NP 117)))) .)) (TOP (S (S (NP-SBJ The Dow) (VP dropped (PP-DIR to (NP a quick 27-point loss)))) , and (S (PP to (NP many traders)) (NP-SBJ it) (VP looked (SBAR-MNR as if (S (NP-SBJ-1 stocks) (VP were (VP headed (NP *-1) (PP-CLR for (NP yet another big tumble)))))))) .)) (TOP (S (NP-SBJ More stocks) (VP opened (PP-TMP over (NP the ensuing half hour)) , (SBAR-TMP as (S (NP-SBJ-1 (NP the 49 Big Board specialist firms) (PP in (NP (NP charge) (PP of (S-NOM (NP-SBJ *) (VP keeping (S (NP-SBJ the market) (ADJP-PRD orderly)))))))) (VP groped (S-PRP (NP-SBJ *-1) (VP to (VP find (NP (NP buy orders) (PP from (NP major brokerage firms)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP match (NP the selling flood))))))))))))) .)) (TOP (S (ADVP-TMP Then) , (S-ADV (NP-SBJ *) (VP to (VP make (NP matters) (ADJP worse)))) , (NP-SBJ-1 computerized sell programs) (VP kicked (PRT in) , (S-ADV (NP-SBJ *-1) (VP hammering (NP stocks) (PP-CLR into (NP steeper losses))))) .)) (TOP (S (NP-SBJ There) (VP was (NP-PRD heavy stock-index arbitrage) , (SBAR-ADV as (S (NP-SBJ-1 traders) (VP (VP sold (NP (NP big baskets) (PP of (NP stock)))) and (VP bought (NP stock-index futures) (S-PRP (NP-SBJ *-1) (VP to (VP profit (PP-CLR from (NP (NP the price discrepancies) (PP between (NP the two markets)))))))))))) .)) (TOP (S (NP-SBJ This) (VP was (NP-PRD (NP a hangover) (PP from (NP (NP Friday) , (SBAR (WHADVP-1 when) (S (NP-SBJ (NP Standard & Poor 's) 500-stock index futures) (VP had (VP closed (PP-CLR at (NP (NP a sharp discount) (PP to (NP stocks)))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP The onslaught) (PP of (NP the program selling))) (VP dashed (NP any hopes (SBAR that (S (NP-SBJ (NP some) (PP of (NP the big program trading firms))) (VP would (VP hold (PRT off) (SBAR-TMP until (S (NP-SBJ the market) (VP stabilized))))))))) .)) (TOP (S (NP-SBJ They) (VP did n't (VP *?*)) .)) (TOP (S (NP-SBJ-1 The Dow) (VP accelerated (NP its slide) , (S-ADV (NP-SBJ *-1) (VP losing (NP 63.52) (PP-TMP in (NP (NP the first 40 minutes) (PP of (NP trading))))))) .)) (TOP (S (SBAR-ADV With (S (NP-SBJ program traders) (PP-PRD (ADVP seemingly) in (NP charge)))) , (NP-SBJ buyers) (VP (VP backed (PRT away) (PP-CLR from (NP the market))) and (VP watched (S (NP-SBJ stocks) (VP fall)))) .)) (TOP (S (S (ADVP-TMP Then) (PP-TMP at (NP 10:15)) (NP-SBJ-1 the Dow) (VP (ADVP-TMP suddenly) started (S (NP-SBJ *-1) (VP to (VP rebound))))) , and (S (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ it) (VP shot (ADVP-DIR upward) (ADVP-TMP *T*-2)))) (NP-SBJ it) (VP did (ADVP-PRD so) (ADVP-MNR (ADVP even faster) (PP than (NP the early-morning fall))))) .)) (TOP (S And (NP-TMP this time) , (NP-SBJ it) (VP was n't (NP-PRD (NP just the program traders) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP were (ADJP-PRD responsible)))))) .)) (TOP (S (NP-SBJ All the selling) (VP had (VP pushed (NP stocks) (PP-CLR to (NP (NP such cheap values) (SBAR that (S (NP-SBJ-1 (NP big investment banks) and (NP major money management firms)) (VP started (S (NP-SBJ *-1) (VP buying (NP stocks) (ADVP-MNR heavily)))))))))) .)) (TOP (S (NP-SBJ The program traders) (VP were (PP-LOC-PRD in (NP there)) , (ADVP too) , (PP of (NP course))) .)) (TOP (S But (PP according (PP to (NP one trader))) , (NP-SBJ the programmers) `` (VP did n't (VP look (ADJP-PRD (ADJP as dominant (PP-LOC on (NP the upside))) (PP as (PP-LOC on (NP the downside)))) (SBAR-PRP because (S (NP-SBJ there) (VP was -LCB- (ADVP also) -RCB- (NP-PRD (NP a lot) (PP of (NP (NP bargain-hunting '') (PP by (NP institutions)))))))))) .)) (TOP (S (NP-SBJ (NP Roland M. Machold) , (NP (NP director) (PP of (NP (NP the New Jersey Division) (PP of (NP Investment)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP oversees (NP (NP (QP $ 29 billion) *U*) (PP in (NP investments)))))) ,)))) (VP said (SBAR 0 (S (NP-SBJ (NP the `` first thing) (SBAR (WHNP-2 0) (S (NP-SBJ we) (VP did (NP *T*-2))))) (VP was (S-PRD (NP-SBJ *) (VP to (VP double (NP our orders) '' (NP-TMP yesterday morning)))))))) .)) (TOP (S `` (SBAR-ADV With (S (NP-SBJ the market) (ADJP-PRD down (PP like (NP this))))) , (NP-SBJ we) (VP 'll (ADVP probably) (VP (VP take (NP (QP another $ 50 million) *U*)) and (VP put (NP it) (PP-PUT in '' (NP the market))))) .)) (TOP (S (NP-SBJ (NP Trading) (PP in (NP Walt Disney Co.)) (ADVP particularly)) (VP caught (NP (NP traders ') eyes)) .)) (TOP (S (S (PP According (PP to (NP Big Board officials))) , (NP-SBJ Disney) (VP had (NP (NP one) (PP of (NP the biggest sell-order imbalances))) (PP-TMP on (NP Friday)))) ; (S (NP-SBJ it) (VP was (NP-PRD (NP one) (PP of (NP (NP the seven stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could n't (VP finish (NP trading) (NP-TMP that day)))))))))) .)) (TOP (S (NP-SBJ The stock) (VP opened (ADVP-TMP late) (PP-CLR at (NP (QP 114 1/2))) , (ADVP down (NP (QP 8 1/2)))) .)) (TOP (S (S-TPC-1 But (ADVP-TMP then) (NP-SBJ it) (VP shot (ADVP-DIR upward (NP (QP 7 1/2))) (SBAR-ADV as (S (NP-SBJ Goldman , Sachs & Co.) (VP (VP stepped (ADVP-CLR in)) and (VP bought)))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP However) , (NP-SBJ Disney specialist Robert Fagenson) (VP said : `` (S (NP-SBJ-1 I) (VP would (VP be (VP surprised (NP *-1) (SBAR-ADV if (S (NP-SBJ Goldman) (VP represented (NP (NP 4 %) (PP of (NP the opening volume))))))))))) . '')) (TOP (S (PP-LOC Around (NP Wall Street)) , (NP-SBJ-1 trading desks) (VP were (VP relieved (NP *-1) (SBAR that (S (NP-SBJ they) (VP could (ADVP at least) (VP play (NP the market) (NP-TMP yesterday) , (PP in (NP (NP contrast) (PP to (NP (NP Friday 's) gridlock)))))))))) .)) (TOP (S (PP-LOC At (NP Donaldson , Lufkin & Jenrette Inc.)) , (NP-SBJ head equity trader Dudley Eppel) (VP said : `` (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the opening) (VP was (ADJP-PRD constructive))))))) .)) (TOP (S (NP-SBJ It) (VP was (ADJP-PRD orderly)) .)) (TOP (S (NP-SBJ We) (VP put (NP some orders) (ADVP-PUT together)) .)) (TOP (S (NP-SBJ There) (VP was n't (NP-PRD (NP a lot) (PP of (NP panic selling))) , (ADVP-LOC either domestically or internationally)) ... .)) (TOP (PP Not like (NP (NP Friday) (SBAR (WHADVP-1 where) (S (NP-SBJ they) (VP (ADVP just) took -LCB- (NP the market) -RCB- (ADVP-CLR apart) (ADVP-LOC *T*-1))))) . '')) (TOP (S (ADVP Still) , (S (NP-SBJ the market) (VP had n't (ADVP-TMP yet) (VP crossed (PP-CLR into (NP positive territory))))) , and (S (NP-SBJ traders) (VP were (ADJP-PRD glum))) .)) (TOP (S (S But (PP in (NP another dramatic burst)) , (NP-SBJ the Dow) (VP tacked (PP-CLR on (NP 42 points)) (PP-TMP in (NP five minutes)))) , and (S (PP-TMP at (NP 10:25)) (NP-SBJ the index) (VP showed (NP (NP a gain) (PP of (NP 5.74))))) .)) (TOP (S (PP-LOC (PP On (NP the Big Board floor)) and (PP on (NP trading desks))) , (NP-SBJ traders) (VP yelped (NP their approval)) .)) (TOP (SINV (VP Grinned (S-TPC *ICH*-1)) (NP-SBJ (NP Griffith Peck) , (NP (NP a trader) (PP-LOC in (NP (NP Shearson Lehman Hutton Inc. 's) OTC department)))) : `` (S-TPC-1 (NP-SBJ I) (VP tell (NP you) , (SBAR 0 (S (NP-SBJ-2 this market) (VP acts (S-CLR (NP-SBJ *-2) (ADJP-PRD healthy))))))) . '')) (TOP (S (S (PP-LOC Around (NP him)) , (NP-SBJ-1 (NP scores) (PP of (NP traders))) (VP seemed (S (NP-SBJ *-1) (VP to (VP get (NP (NP a burst) (PP of (NP energy)))))))) ; (S (NP-SBJ-2 their boss) (VP broke (PRT out) (NP (NP bottles) (PP of (NP Perrier water))) (S-PRP (NP-SBJ *-2) (VP to (VP cool (NP them) (PRT off)))))) .)) (TOP (S (PP-LOC Among (NP Big Board specialists)) , (NP-SBJ the cry) (VP was `` (S-PRD (NP-SBJ *) (VP Pull (NP your offers))) '' (PRN -- (S-ADV (NP-SBJ *) (VP meaning (SBAR that (S (NP-SBJ-1 specialists) (VP (ADVP-TMP soon) expected (S (NP-SBJ *-1) (VP to (VP get (NP higher prices) (PP for (NP their shares)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP was (NP-PRD bedlam) (PP-LOC on (NP the upside)))) , '' (VP said (S *T*-1)) (NP-SBJ one Big Board specialist) .)) (TOP (S But (NP-SBJ not everybody) (VP was (VP making (NP money))) .)) (TOP (S (NP-SBJ (NP The carnage) (PP-LOC on (NP (NP the Chicago Board Options Exchange) , (NP (NP the nation 's) major options market) ,))) (VP was (ADJP-PRD heavy) (SBAR-TMP after (S (NP-SBJ-1 (NP the trading) (PP in (NP S&P 100 stock-index options))) (VP was (VP halted (NP *-1) (NP-TMP Friday)))))) .)) (TOP (S (S (NP-SBJ (NP Many market makers) (PP in (NP the S&P 100 index options contract))) (VP had (NP bullish positions) (NP-TMP Friday))) , and (S (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the shutdown) (VP came (ADVP-TMP *T*-2)))) (NP-SBJ-1 they) (VP were (VP frozen (NP *-1) (PP-MNR with (NP huge losses))))) .)) (TOP (S (PP-TMP Over (NP the weekend)) , (NP-SBJ clearing firms) (VP told (NP-1 the Chicago market makers) (S (NP-SBJ *-1) (VP to (VP get (PP-CLR out (PP of (NP their positions))) (PP at (NP any cost)) (NP-TMP Monday morning))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 They) (VP were (VP (VP (ADVP absolutely) killed (NP *-2)) , (VP slaughtered (NP *-2))))) , '' (VP said (S *T*-1)) (NP-SBJ one Chicago-based options trader) .)) (TOP (S (NP-SBJ Some traders) (VP said (SBAR that (S (NP-SBJ (NP the (ADJP closely watched) Major Market Index) , (SBAR (WHNP-1 whose (NP 20 stocks)) (S (NP-SBJ *T*-1) (VP mimic (NP the Dow industrials)))) ,) (VP did n't (VP lead (NP (NP yesterday 's) big rally)))))) .)) (TOP (S (NP-SBJ (NP James Gallagher) , (NP (NP a partner) (PP-LOC at (NP specialist Fowler & Rosenau))) ,) (VP said , (S (NP-SBJ (NP `` The difference) (PP between (NP-TMP (NP today) and (NP (NP two years ago) '' (PRN -- (NP `` (NP-TTL Terrible Tuesday) , '' (NP-TMP Oct. 20 , 1987)) --))))) `` (VP is (SBAR-PRD that (S (ADVP-TMP then) (NP-SBJ we) (VP needed (S (NP-SBJ a savior) (VP to (VP (VP go (PP-DIR into (NP the Major Market Index))) , (VP spend (NP (QP $ 2 million) *U*)) and (VP get (S (NP-SBJ-1 the program rally) (VP started (NP *-1))))))))))))) .)) (TOP (S (NP-TMP This time) -LCB- (NP-SBJ institutions) -RCB- (VP (VP saw (S (NP-SBJ the programs) (VP coming))) and (VP backed (ADVP-CLR away)) and (VP backed (ADVP-CLR away))) .)) (TOP (S (ADVP-TMP Then) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the market) (VP was (PP-LOC-PRD at (NP (NP a technical level) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP buy (ADVP-LOC *T*-1))))))) (ADVP-TMP *T*-2)))) , (NP-SBJ they) (VP came (ADVP-CLR in) (PP-MNR with (NP a vengeance))) . '')) (TOP (S (ADVP However) , (PP according (PP to (NP one analyst))) , (NP-SBJ (NP the timing) (PP of (NP Major Market Index futures buying))) (PP-TMP just before (NP the turnaround)) (VP was (ADJP-PRD similar (PP to (NP (NP that) (PP of (NP Terrible Tuesday)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Futures) (VP were (VP pulling (NP the stock market) (ADVP-DIR higher)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Donald Selkin) , (NP (NP head) (PP of (NP (NP stock-index futures research) (PP-LOC at (NP Prudential-Bache Securities Inc)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP the Big Board 's) specialist firms) (VP struggled (PP-CLR through (NP another (ADJP highly volatile) trading session))))) , (NP-SBJ their performance) (NP-TMP yesterday) (VP was (ADJP-PRD (ADJP better) (PP than (PP-TMP during (NP (NP Friday 's) late-afternoon chaos)))) , (PP according (PP to (NP (NP traders and brokers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP work (PP-CLR with (NP them))))))))) .)) (TOP (S (NP-SBJ-1 Specialists) (VP were (VP criticized (NP *-1) (PP-PRP for (NP their inability (S (NP-SBJ *) (VP to (VP maintain (NP orderly markets) (PP-TMP during (NP the Friday plunge))))))))) .)) (TOP (SINV (S-TPC-2 But (NP-TMP yesterday) , (PP (ADVP even) with (NP (NP halts) (PP in (NP (NP such major blue-chip stocks) (PP as (NP Merck)))))) , `` (S (NP-SBJ we) (VP expected -LRB- (NP the halts) -RRB-)) and (S (NP-SBJ it) (VP was n't (ADJP-PRD too bad))) , '') (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP (NP Donaldson 's) Mr. Eppel) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP been (ADJP-PRD critical (PP of (NP (NP (NP the specialists ') performance) (PP-TMP on (NP Friday)))))))))) .)) (TOP (S (PP According (PP to (NP a Big Board official))) , (SBAR-ADV while (S (NP-SBJ many stocks) (VP opened (ADVP-TMP late)))) , (NP-SBJ there) (VP were (NP-PRD subsequent trading halts) (PP in (NP (NP only three issues) -- (NP (NP AMR) , (NP Merck) and (NP Valero Energy))))) .)) (TOP (S (NP-SBJ Merck) (VP is (NP-PRD (NP one) (PP of (NP (NP the (ADJP most important) stocks) (PP-LOC in (NP the Major Market Index)))))) .)) (TOP (S (NP-SBJ-1 (NP No sector) (PP of (NP the market))) (VP has (VP been (VP spared (NP *-1) (PP-TMP during (NP (NP the past two days ') gyrations))))) .)) (TOP (S (ADVP Yet) (PP (PP from (NP (NP (NP the Dow industrials ') high) (PP-TMP on (NP Oct. 9)))) (PP through (NP (NP Friday 's) plunge))) , (NP-SBJ-1 relatively good performances) (VP have (VP been (VP turned (NP *-1) (PRT in) (PP by (NP-LGS (NP real-estate) , (NP utilities) , (NP precious metals) and (NP life insurance stocks)))))) .)) (TOP (S And (NP-TMP yesterday) , (NP-SBJ the top performing industry group) (VP was (NP-PRD oil field equipment issues)) .)) (TOP (S (PP For (NP example)) , (S (NP-SBJ Halliburton) (VP jumped (NP-EXT (QP 3 1/4)) (PP-DIR to (NP 38)))) , (S (NP-SBJ Schlumberger) (VP rose (NP-EXT (QP 2 1/2)) (PP-DIR to (NP (QP 43 1/4))))) and (S (NP-SBJ Baker Hughes) (VP rose (NP-EXT (QP 1 1/8)) (PP-DIR to (NP 22)))) .)) (TOP (S (PP-PRP Because of (NP the UAL and AMR tumbles)) , (NP-SBJ airlines) (VP were (NP-PRD (NP the weakest sector) (PP of (NP the market))) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ-1 Philip Morris) (VP was (NP-PRD (NP the Big Board 's) (ADJP most active) issue) , (S-ADV (NP-SBJ *-1) (VP rising (NP-EXT (QP 2 1/4)) (PP-DIR to (NP (QP 43 1/4))) (PP-CLR on (NP (QP nearly eight million) shares))))) .)) (TOP (S (PP-LOC Among (NP other major issues)) , (S (NP-SBJ Coca-Cola Co.) (VP closed (ADVP-CLR up (NP 2)) (PP-CLR at (NP (QP 66 3/4))) (PP-CLR on (NP (QP 1.7 million) shares)))) and (S (NP-SBJ American Telephone & Telegraph) (VP rose (NP-EXT (QP 3 1/4)) (PP-DIR to (NP 43)) (PP-CLR on (NP (QP nearly 7.8 million) shares)))) .)) (TOP (S (NP-SBJ-2 (NP Shares) (PP of (NP (NP International Business Machines) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP reported (NP earnings) (NP-TMP yesterday)))) ,))) (VP finished (PP-CLR at (NP 103)) , (ADVP up (NP 1)) , (PP after (S-NOM (NP-SBJ *-2) (VP slipping (PP-DIR below (NP 100)) (PP-TMP during (NP (NP Friday 's) session)) (PP for (NP (NP the first time) (PP-TMP in (NP five years)))))))) .)) (TOP (S (NP-SBJ (NP Shares) (PP of (NP three brokerage firms))) (VP rose (SBAR-TMP after (S (NP-SBJ they) (VP reported (NP earnings))))) .)) (TOP (S (S (NP-SBJ Merrill Lynch) (VP added (NP-EXT (QP 1 3/4)) (PP-DIR to (NP 28)))) , (S (NP-SBJ PaineWebber) (VP rose (NP-EXT 3/4) (PP-DIR to (NP (QP 18 1/2))))) and (S (NP-SBJ Bear Stearns) (VP rose (NP-EXT 3/8) (PP-DIR to (NP (QP 14 1/4))))) .)) (TOP (S (NP-SBJ (NP Federal National Mortgage Association) , (NP a (ADJP recently hot) stock) ,) (VP climbed (NP-EXT 4) (PP-DIR to (NP 124)) (PP-CLR on (NP (QP nearly 1.6 million) shares))) .)) (TOP (S (PP-LOC At (NP a news conference)) (PP-TMP after (NP (NP the close) (PP of (NP trading)))) (NP-TMP yesterday) , (NP-SBJ (NP (NP the Big Board 's) Mr. Phelan) and (NP other exchange officials)) (VP praised (NP (NP the performance) (PP of (NP their computers and personnel)))) .)) (TOP (S (NP-SBJ Mr. Phelan) (VP said (SBAR that (S (NP-SBJ-1 program trading strategies) (VP were n't (ADJP-PRD responsible (PP for (S-NOM (NP-SBJ *-1) (VP triggering (NP (NP Friday 's) decline))))) (PP despite (NP (NP a jump) (PP in (NP (NP the use) (PP of (NP the computer-driven strategies)))) (PP-TMP in (NP recent months)))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP (QP Some 24 million)) (PP of (NP (NP the (QP more than 100 million) shares) (VP traded (NP *) (PP-TMP in (NP (NP the final 90 minutes) (PP of (NP (NP Friday 's) session)) , (SBAR (WHADVP-2 when) (S (NP-SBJ-1 (NP the plunge) (PP in (NP stock prices))) (VP was (VP concentrated (NP *-1) (ADVP-TMP *T*-2))))) ,)))))) (VP were (ADJP-PRD program-related))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (S (NP-SBJ Program trades) (VP make (PRT up) (NP (NP 10 %) (PP of (NP (NP the exchange 's) volume))) (PP-TMP on (NP an average day)))) , but (S (S-TPC-2 (PP despite (NP (NP the increase) (NP-TMP Friday))) , (NP-SBJ it) (VP was `` (ADVP certainly) not (NP-PRD (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP would (VP say (SBAR 0 (S (NP-SBJ *T*-1) (VP precipitated (NP the market decline))))))))))) , '' (NP-SBJ Mr. Phelan) (VP said (SBAR 0 (S *T*-2)))) .)) (TOP (S (NP-SBJ Mr. Phelan) (VP expressed (NP relief (SBAR that (S (NP-SBJ the market) (VP rebounded (NP-TMP yesterday)))))) .)) (TOP (S `` (S-TPC-4 (ADVP Obviously) , (NP-TMP (NP every time) (SBAR (WHADVP-2 0) (S (NP-SBJ we) (VP get (NP (NP this kind) (PP of (NP reaction))) (ADVP-TMP *T*-2))))) , (NP-SBJ-3 it) (VP 's (VP going (S (NP-SBJ *-3) (VP to (VP make (S (NP-SBJ (NP everybody) (PP *ICH*-1)) (ADJP-PRD nervous) , (PP-1 including (NP me))))))))) , '' (NP-SBJ he) (VP said (S *T*-4)) .)) (TOP (S (NP-SBJ He) (VP said (SBAR (SBAR that (S (NP-SBJ exchange officials) (VP had (NP (NP conversations) (PP with (NP Wall Street firms))) (PP-TMP throughout (NP the weekend))))) and (SBAR that `` (S (NP-SBJ all the participants) (VP behaved (ADVP-MNR very , very responsibly) (NP-TMP today)))))) . '')) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP Peter DaPuzzo) , (NP (NP (NP Shearson 's) head) (PP of (NP retail equity trading))) ,) (VP praised (NP (NP institutional investors) (PP in (NP the OTC market)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP were (NP-PRD (NP heavy buyers) (PP of (NP (NP the Nasdaq 's) biggest technology issues))) (NP-TMP yesterday) (PP-LOC amid (NP (NP a flood) (PP of (NP (NP selling) (PP by (NP other investors))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 The institutions) (VP ca n't (VP be (VP criticized (NP *-1) (PP-PRP for (NP their behavior)))))) , '' (NP-SBJ Mr. DaPuzzo) (VP said (S *T*-2) (PP-LOC in (NP an interview))) .)) (TOP (S `` (NP-SBJ It) (VP was (NP-PRD (NP the opposite) (PP of (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happened (PP-TMP on (NP Oct. 19)))))))) .)) (TOP (S (NP-SBJ They) (VP used (NP their judgment)) .)) (TOP (S (NP-SBJ They) (VP did n't (VP panic (PP-TMP during (NP (NP the first round) (PP of (NP selling)))) (NP-TMP this morning))) .)) (TOP (S (ADVP Instead) , (NP-SBJ they) (VP (VP bought (PP-CLR on (NP weakness))) and (VP sold (PP-CLR into (NP the strength))) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP kept (S (NP-SBJ the market) (ADJP-PRD orderly)))))) .)) (TOP (S (ADVP Maybe) (NP-SBJ they) (VP learned (PP-CLR from (NP experience))) . '')) (TOP (S (NP-SBJ Mr. Phelan) (VP said (SBAR 0 (S (NP-SBJ (NP the performance) (PP of (NP specialists)) (PP-TMP during (NP (NP Friday 's) plunge))) (VP was (ADJP-PRD admirable) , (SBAR-PRP because (S (PP-TPC-1 out (PP of (NP (NP 1,640 Big Board common stocks) (VP traded (NP *) (PP-TMP during (NP the day)))))) (NP-SBJ-2 (NP (QP only seven)) (PP *T*-1)) (VP (VP were (VP closed (NP *-2))) and (VP were n't (VP reopened (NP *-2) (PP-TMP before (NP the close))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ They) (VP did (NP an excellent job))) , '' (NP-SBJ Mr. Phelan) (VP said (S *T*-1) (PP-CLR of (NP the specialists))) .)) (TOP (S (NP-SBJ Wall Street traders) (PP-TMP on (NP Friday)) (VP had (VP complained (PP-CLR about (NP the trading suspensions)))) .)) (TOP (S (NP-SBJ (NP James A. White) and (NP Sonja Steptoe)) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ (NP West Germany 's) Green Party) (VP joined (NP (NP its ideological soulmates) (NP (NP Jeremy Rifkin) and (NP the Christic Institute))) (PP-CLR in (NP (NP the legal battle) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP ground (NP (NP the Atlantis shuttle) and (NP (NP its plutonium-powered Galileo probe) (PP to (NP Jupiter)))) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (NP-SBJ The anti-defense Greens) (VP wanted (S (NP-SBJ a Washington federal appeals court) (VP to (VP block (NP (NP today 's) scheduled liftoff) (ADVP-TMP (ADVP long enough) (SBAR for (S (NP-SBJ them) (VP to (VP ask (NP-1 the World Court) (S (NP-SBJ *-1) (VP to (VP `` order '' (NP (NP a permanent cancellation) (PP of (NP the (ADJP (QP $ 1.5 billion) *U*) flight))))))))))))))) .)) (TOP (S (NP-SBJ-1 A three-judge appeals panel) (NP-TMP yesterday) (VP refused (S (NP-SBJ *-1) (VP to (VP comply))) , (SBAR-ADV though (S (NP-SBJ-2 liberal Judge Pat Wald) (VP went (PP-CLR out (PP of (NP her way))) (S-CLR (NP-SBJ *-2) (VP to (VP deny (SBAR that (S (NP-SBJ this) (VP was (NP-PRD a `` frivolous '' case))))))))))) .)) (TOP (S (PP Of (NP course)) (NP-SBJ it) (VP was (NP-PRD *?*)) .)) (TOP (S (NP-SBJ NASA) (VP should (ADVP-TMP now) (VP sue (PP-CLR for (NP (NP fines) (PP against (NP (NP all three politico-plaintiffs) , (ADJP foreign and domestic) ,)) (PP for (S-NOM (NP-SBJ *) (VP bringing (NP this mischievous case)))))))) .)) (TOP (S (NP-SBJ A House-Senate conference) (VP approved (NP (NP a permanent smoking ban) (PP (PP on (NP (NP all domestic airline routes) (PP-LOC within (NP the continental U.S.)))) and (PP on (NP (NP all flights) (PP of (NP six hours (QP or less))) (PP-DIR to (NP Alaska and Hawaii))))))) .)) (TOP (S (NP-SBJ The restrictions) (VP would (VP (VP cover (NP (NP all) (PP but (NP a small percentage)) (PP of (NP domestic air traffic)))) , and (VP represent (NP (NP a major expansion) (PP of (NP (NP the current smoking ban) (PP-LOC on (NP (NP flights) (PP of (NP two hours (QP or less))))))))))) .)) (TOP (S (NP-SBJ-2 (NP The exemption) (VP allowed (NP *) (PP-LOC on (NP (NP longer flights) (PP-DIR to (NP Alaska and Hawaii)))))) (VP appears (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP largely a face-saving concession) (PP for (NP (NP the (ADJP traditionally powerful) tobacco industry) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP found (S (NP-SBJ itself) (ADJP-PRD increasingly isolated)) (PP in (NP (NP the face) (PP of (NP public pressure)))) (PP-TMP in (NP recent years))))))))))))) .)) (TOP (S (PP By (NP a 6-4 margin)) , (NP-SBJ House negotiators) (ADVP-TMP initially) (VP rejected (NP-TMP last night) (NP (NP a Senate provision) (VP covering (NP all domestic flights)))) .)) (TOP (S But (NP-SBJ-1 the six-hour compromise) (VP was (ADVP-TMP soon) (VP agreed (PP-CLR to (NP *-1)) (PP-LOC in (NP subsequent discussions)))) .)) (TOP (S (S (PP As (NP a practical matter)) , (NP-SBJ-1 (NP flights) (PP-DIR from (NP the West Coast)) (PP-DIR to (NP Hawaii))) (VP would (VP be (VP covered (NP *-1) (SBAR-ADV as (S (NP-SBJ they) (VP are (PP-PRD under (NP the time limit))))))))) , but (S (NP-SBJ the language) (VP would (VP exempt (NP (NP longer routes) (VP beginning , (PP for (NP example)) , (PP-LOC (PP in (NP Chicago)) or (PP on (NP the East Coast)))))))) .)) (TOP (S (PP Within (NP the Senate)) , (NP-SBJ the ban) (VP has (VP had (NP (NP aggressive support) (PP from (NP (NP Sen. Frank Lautenberg) (PRN -LRB- (NP D.) , (NP-LOC N.J.) -RRB-) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP has (VP used (NP (NP his position) (PP as (NP a Senate Appropriations subcommittee chairman))) (S-PRP-CLR (NP-SBJ *-2) (VP to (VP garner (NP (NP votes) (PP for (NP the initiative))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 The measure) (VP is (VP attached (NP *-1) (PP-CLR to (NP (NP the (ADJP (QP more than $ 26 billion) *U*) fiscal 1990 transportation bill) (PP-LOC within (NP (NP Mr. Lautenberg 's) jurisdiction))))))) , and (S (NP-SBJ-2 the final compromise) (VP is (VP laced (NP *-2) (PP-CLR with (NP (NP (NP (QP more than $ 205 million) *U*) (PP in (NP road projects)) (VP earmarked (NP *) (PP by (NP-LGS members)))) (CONJP as well as) (NP (NP funds) (VP sought (NP *) (PP by (NP-LGS (NP major airports) , (PP including (NP Denver))))))))))) .)) (TOP (S (PP From (NP the outset)) , (NP-SBJ the tobacco industry) (VP has (VP been (ADJP-PRD uncertain (PP as (PP to (SBAR-NOM (WHNP-1 what strategy) (S (NP-SBJ *) (VP to (VP follow (NP *T*-1)))))))))) .)) (TOP (S But (NP-SBJ the industry) (VP retains (NP support) (PP-LOC in (NP the House leadership)) (PP through (NP (NP the influence) (PP of (NP (NP grower states) , (PP such as (NP North Carolina))))))) .)) (TOP (S (S (NP-SBJ Majority Whip William Gray) (VP owes (NP a political debt) (PP-DTV to (NP Southern agriculture lawmakers)) (PP for (NP (NP his rise) (PP-LOC in (NP the House)))))) , and (S (NP-SBJ-1 the Philadelphia Democrat) (VP used (NP (NP his position) (PP-LOC in (NP the conference))) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP salvage (NP the exemption) (PP-CLR from (NP a total ban))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the smoking provision) (VP has (VP attracted (NP the most public interest))))) , (NP-SBJ the underlying bill) (VP was (NP-PRD (NP the subject) (PP of (NP behind-the-scenes lobbying)))) (PP-PRP because of (NP (NP its impact) (PP on (NP (NP air transportation) and (NP (NP the (ADJP (ADJP more mundane) , but (ADJP politically important) ,) projects) (PP of (NP members))))))) .)) (TOP (S (PP-LOC In (NP (NP a stark lesson) (PP in (NP (NP the power) (PP of (NP the appropriations committees)))))) , (NP-SBJ the House) (VP (ADVP deliberately) killed (NP (NP a handful) (PP of (NP (NP projects) (VP backed (NP *) (PP by (NP-LGS (NP lawmakers) (PP-LOC in (NP Florida , Illinois and Pennsylvania)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP voted (PP-CLR against (NP the panel leadership)) (PP-LOC on (NP the House floor))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Anybody) (VP can (VP vote (SBAR-MNR as (S (NP-SBJ they) (VP want (S *?*))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Rep. William Lehman) (PRN -LRB- (NP D.) , (NP-LOC Fla.) -RRB-) , (NP (NP head) (PP of (NP the House conferees)))) .)) (TOP (S `` But (SBAR-ADV if (S (NP-SBJ you) (VP make (NP a request)))) , (NP-SBJ you) (VP should (VP support (NP the committee))) . '')) (TOP (S (PP-LOC Within (NP the Federal Aviation Administration)) , (S (NP-SBJ-1 the final bill) (VP promises (S (NP-SBJ *-1) (VP to (VP increase (NP (NP spending) (PP for (NP facilities and equipment))) (PP by (NP (QP more than 20) %)) (PP-TMP from (NP last year))))))) , and (S (NP-SBJ total operations) (VP would (VP rise (PP-DIR to (NP (NP (QP $ 3.84 billion) *U*) -- (NP a (ADJP 12 %) boost)))))) .)) (TOP (S (S (NP-SBJ The facilities account) (VP includes (NP (NP (QP $ 40 million) *U*) (PP for (NP (NP Denver 's) ambitious new airport))))) , and (S (NP-SBJ (NP the competition) (PP for (NP these funds))) (VP created (NP (NP shifting alliances) (PP between (NP (NP urban lawmakers) (VP representing (NP (NP (NP established airports) (PP-LOC in (NP Philadelphia and Michigan))) and (NP (NP (NP the major carriers) (PP to (NP Denver))) , (NP United and Continental))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Leery (PP of (NP (NP the costs) (PRN -- and , (S (NP-SBJ critics) (VP say)) , (NP competition) --))))) (NP-SBJ-1 the airlines) (VP have (VP sought (S (NP-SBJ *-1) (VP to (VP gain (NP (NP leverage) (PP over (NP (NP the city) (PP of (NP Denver)))))))))) .)) (TOP (S (NP-SBJ (NP (NP Texas Air Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP Continental)))) ,) and (NP the Air Transport Association)) (VP were (ADJP-PRD prominent (PP in (NP the lobbying)))) .)) (TOP (S (NP-SBJ-2 The industry) (VP sought (S (NP-SBJ *-2) (VP to (VP impose (NP (NP conditions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP have (VP delayed (NP (NP funds) (PP for (NP the project))) (SBAR-TMP until (S (NP-SBJ (NP Denver) and (NP the airlines)) (VP had (VP agreed (PP-CLR to (NP (NP leases) (PP for (NP (NP 50 %) (PP of (NP the gates)))))))))))))))))))) .)) (TOP (S But (NP-SBJ-2 this) (VP was (VP rejected (NP *-2) (PP-PRP in (NP (NP favor) (PP of (NP (NP (ADJP much looser) language) (VP directing (NP-1 the Transportation Department) (S (NP-SBJ *-1) (VP to (VP review (NP (NP the costs) (PP of (NP (NP the first phase) , (VP expected (S (NP-SBJ *) (VP to (VP cost (NP (QP about $ 2 billion) *U*)))))))))))))))))) .)) (TOP (S (SBAR-ADV Though (FRAG (ADJP smaller (PP in (NP total dollars))))) , (NP-SBJ-1 the conference) (VP agreed (S (NP-SBJ *-1) (VP to (VP preserve (NP (NP an estimated (QP $ 30.6 million) *U*) (PP in (NP (NP controversial subsidies) (PP to (NP (NP carriers) (VP serving (NP rural or isolated airports))))))))))) .)) (TOP (S (S (NP-SBJ The sum) (VP is (NP-PRD (NP more) (PP than (NP (NP double) (SBAR (WHNP-2 what) (S (NP-SBJ the House) (VP had (VP approved (NP *T*-2) (PP-CLR for (NP the program))))))))))) , but (S (NP-SBJ-1 (NP the list) (PP of (NP qualified airports))) (VP would (VP be (VP cut (NP *-1) (PP-EXT by (NP 22)) (PP-LOC under (NP (NP new distance requirements) and (NP (NP limits) (PP on (NP (NP the level) (PP of (NP subsidy))))))))))) .)) (TOP (S (NP-SBJ Congress) (VP (ADVP-TMP previously) cut (NP six airports) (NP-TMP this year)) .)) (TOP (S (NP-SBJ (NP The impact) (PP of (NP the changes))) (VP is (S-PRD (NP-SBJ *) (VP to (VP eliminate (NP (NP many) (PP of (NP (NP the most excessive cases) (SBAR (WHADVP-1 where) (S (NP-SBJ the government) (VP has (VP been (VP paying (NP (QP more than $ 200) *U*) (PP-CLR for (NP each passenger)) (PP-MNR in (NP subsidies)) (ADVP-LOC *T*-1))))))))))))) .)) (TOP (S (PP-LOC Among (NP rail and highway accounts)) , (NP-SBJ the agreement) (VP provides (NP (NP (QP $ 615 million) *U*) (PP for (NP Amtrak)) , (PP including (NP (QP $ 85 million) *U*) (PP for (NP capital improvements))))) .)) (TOP (S And (NP-SBJ-1 (NP federal-formula grants) (PP for (NP mass transit))) (VP would (VP be (VP (ADVP effectively) frozen (NP *-1) (PP-CLR at (NP (NP (QP $ 1.625 billion) *U*) , or (NP (NP (QP $ 20 million more) *U*) (PP than (NP-TMP (ADJP last fiscal) year)))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Enjoying (NP (NP several blockbuster movie hits) (PP including `` (NP-TTL Batman) , '')))) (NP-SBJ-1 (ADJP Los Angeles-based) Guber-Peters Entertainment Co.) (VP reported (NP (NP earnings) (PP for (NP (NP the first quarter) (VP ended (NP-TMP-CLR Aug. 31)))) (PP of (NP (NP (QP $ 5.8 million) *U*) , or (NP (NP 50 cents) (NP-ADV a share)) , (PP compared (PP with (NP a year-earlier loss))))))) .)) (TOP (S (NP-SBJ-3 (NP Sony Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP has (VP offered (S (NP-SBJ *-2) (VP to (VP acquire (NP the movie-production company)))))))) ,) (VP is (VP seeking (S (NP-SBJ *-3) (VP to (VP free (NP (NP its top executives) , (NP (NP Peter Guber) and (NP Jon Peters)) ,) (PP-CLR from (NP (NP an exclusive agreement) (PP with (NP (NP Time Warner Inc. 's) Warner Communications Inc.))))))) (SBAR-ADV so (S (NP-SBJ they) (VP can (VP run (NP Columbia Pictures Entertainment Inc))))))) .)) (TOP (S (NP-SBJ-1 Sony) (ADVP-TMP (NP two weeks) ago) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP Columbia) (PP-CLR for (NP (NP (QP $ 3.4 billion) *U*) , or (NP (NP $ 27 *U*) (NP-ADV a share)))))))) .)) (TOP (S (S (NP-SBJ Warner) (VP sued (NP Sony and Guber-Peters) (NP-TMP late last week))) ; (S (NP-SBJ-2 Sony and Guber-Peters) (VP have (VP countersued , (S-ADV (NP-SBJ *-2) (VP charging (NP Warner) (PP-CLR with (S-NOM (NP-SBJ-1 *) (VP attempting (S (NP-SBJ *-1) (VP to (VP interfere (PP-CLR in (NP (NP (NP Sony 's) acquisition) (PP of (NP the two companies))))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Guber-Peters 's) net income) (PP-TMP in (NP the latest quarter))) (VP compared (PP-CLR with (NP (NP a net loss) (PP of (NP (NP (QP $ 6.9 million) *U*) , or (NP (NP 62 cents) (NP-ADV a share)) ,)) (PP-TMP in (NP the year-earlier period))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ revenue) (VP rose (NP-EXT 138 %) , (PP-DIR to (NP (QP $ 10.9 million) *U*)) (PP-DIR from (NP (QP $ 4.6 million) *U*)) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP the success) (PP of (NP (NP its movies) (NP `` (NP-TTL (NP Gorillas) (PP-LOC in (NP the Mist))) '' and `` (NP-TTL Rainman) , '') (CONJP as well as) (NP (NP the box-office smash) `` (NP-TTL Batman))))))))))) .)) (TOP (S (NP-SBJ (NP A group) (PP including (NP (NP Jon M. Huntsman) (PP of (NP Salt Lake City)))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP boosted (NP (NP its stake) (PP in (NP Aristech Chemical Corp.))) (PP-DIR to (NP (NP 8.36 %) (PP of (NP (NP the the common shares) (ADJP outstanding))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 *) (VP (ADVP-TMP previously) reported (NP *-1)))) , (NP-SBJ (NP Huntsman Holdings Corp.) , (VP owned (NP *) (PP by (NP-LGS (NP Jon M. Huntsman) and (NP (NP other members) (PP of (NP his family)))))) ,) (VP proposed (SBAR that (S (NP-SBJ (NP Banstar Corp.) , (NP (NP an affiliate) (PP of (NP Huntsman Holdings))) ,) (VP acquire (NP Aristech) (PP-MNR in (NP a friendly transaction)) (PP-CLR for (NP (NP (NP $ 25-a-share *U*) (PP in (NP cash))) , or (NP (QP $ 817.5 million) *U*))))))) .)) (TOP (S (PP-LOC In (NP (NP a filing) (PP with (NP the Securities and Exchange Commission)))) , (NP-SBJ the Huntsman group) (VP said (SBAR 0 (S (NP-SBJ it) (VP controls (NP (NP 2,720,675 Aristech common shares) , (PP including (NP (NP 306,000 shares) (VP bought (NP *) (PP-TMP (PP from (NP Aug. 21)) (PP to (NP Oct. 13))) (PP-CLR for (NP (NP (QP $ 20 to $ 20.875) *U*) (PP per (NP share)))))))))))) .)) (TOP (S (NP-SBJ (NP Officials) (PP-LOC at (NP (NP Aristech) , (VP based (NP *) (PP-LOC-CLR in (NP Pittsburgh))) ,))) (VP declined (NP comment)) .)) (TOP (S (NP-SBJ Congress) (VP has (VP been (ADJP-PRD critical (PP of (NP the Bush administration)) (PP for (S-NOM (NP-SBJ *) (VP not sending (NP enough aid) (PP-DTV to (NP Poland)))))) , (SBAR-ADV so (S (NP-SBJ-1 it) (VP is (VP getting (ADJP-PRD ready (S (NP-SBJ *-1) (VP to (VP send (NP (NP its own version) (PP of (NP a CARE package))))))))))))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ-1 the Senate) (VP voted (S (NP-SBJ *-1) (VP to (VP send (NP-2 (NP a delegation) (PP of (NP congressional staffers))) (PP-DIR to (NP Poland)) (S-PRP (NP-SBJ *-2) (VP to (VP assist (NP (NP its legislature) , (NP the Sejm) ,) (PP-CLR in (NP democratic procedures))))))))) .)) (TOP (S (NP-SBJ Senator Pete Domenici) (VP calls (S (NP-SBJ this effort) (NP-PRD (NP `` the first gift) (PP of (NP democracy)) . ''))))) (TOP (S (NP-SBJ-1 The Poles) (VP might (VP do (ADVP-CLR better) (S-CLR (NP-SBJ *-1) (VP to (VP view (NP it) (PP-CLR as (NP a Trojan Horse))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP the vast shadow government) (PP of (NP 15,000 congressional staffers)) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP helps (S (NP-SBJ *-3) (VP create (NP (NP such legislative atrocities) (PP as (NP (NP the 1,376 page , 13-pound reconciliation bill) (SBAR (WHNP-1 that) (S (NP-SBJ-4 *T*-1) (VP claimed (S (NP-SBJ *-4) (VP to (VP be (NP-PRD (NP the budget) (PP of (NP the United States))))))))))))))))))) .)) (TOP (S (ADVP Maybe) (SBAR-TMP after (S (NP-SBJ the staffers) (VP explain (NP their work) (PP-CLR to (NP the Poles))))) , (NP-SBJ-1 they) (VP 'd (VP be (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP (VP come (ADVP-CLR back)) and (VP do (NP the same) (PP for (NP the American people))))))))) .)) (TOP (S (NP-SBJ (NP Waterford Wedgwood PLC) , (NP (NP a (ADJP financially troubled) Irish maker) (PP of (NP (NP fine crystal) and (NP Wedgwood china)))) ,) (VP reported (SBAR that (S (NP-SBJ (NP its pretax loss) (PP-TMP for (NP the first six months))) (VP widened (PP-DIR to (NP (NP (QP 10.6 million) Irish punts) (PRN -LRB- (NP (QP $ 14.9 million) *U*) -RRB-))) (PP-DIR from (NP (QP 5.8 million) Irish punts) (ADVP-TMP (NP a year) earlier)))))) .)) (TOP (S (NP-SBJ (NP The results) (PP for (NP the half))) (VP were (ADJP-PRD (ADJP worse) (PP than (NP (NP market expectations) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP suggested (NP (NP an interim loss) (PP of (NP (QP around 10 million) Irish punts)))))))))) .)) (TOP (S (PP-LOC In (NP a (ADJP sharply weaker) London market)) (NP-TMP yesterday) , (NP-SBJ Waterford shares) (VP were (ADVP-PRD down (NP 15 pence)) (PP-CLR at (NP (NP 50 pence) (PRN -LRB- (NP 79 cents) -RRB-)))) .)) (TOP (S (NP-SBJ The company) (VP reported (NP (NP a loss) (PP-TMP after (NP (NP taxation and minority interests) (PP of (NP (QP 14 million) Irish punts)))) , (PP compared (PP with (NP (NP a loss) (PP of (NP (QP 9.3 million) Irish punts)) (PP-TMP for (NP the year-earlier period))))))) .)) (TOP (S (NP-SBJ There) (VP were n't (NP-PRD any extraordinary items)) .)) (TOP (S (NP-SBJ (NP Sales) (PP for (NP the total group))) (VP rose (NP-EXT 27 %) (PP-DIR to (NP (QP 168.1 million) Irish punts)) (PP compared (PP with (NP (NP (QP 132.6 million) Irish punts) (ADVP-TMP (NP a year) ago))))) .)) (TOP (S (NP-SBJ-1 Waterford) (VP has (VP decided (PP-CLR against (S-NOM (NP-SBJ *-1) (VP paying (NP an interim dividend)))))) .)) (TOP (S (NP-SBJ Waterford) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (NP the appointment) (PP of (NP a new management team))) and (NP (NP the signing) (PP of (NP a comprehensive labor agreement)))) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP enhance (NP (NP the company 's) long-term prospects))))))))) .)) (TOP (S (NP-SBJ-1 (NP The sudden `` flight) (PP to (NP quality)) '' (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP triggered (NP (NP Friday 's) explosive bond-market rally))))) (VP was (VP reversed (NP *-1) (NP-TMP yesterday) (PP in (NP a `` (NAC flight (PP from (NP quality))) '' rout)))) .)) (TOP (S (NP-SBJ (NP The setback) , (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ Treasury bond prices) (VP plummeted (PP-LOC *T*-1)))) ,) (VP reflected (NP (NP (NP a rebound) (PP in (NP the stock market))) and (NP profit-taking))) .)) (TOP (S `` (NP-SBJ It) (VP was (NP-PRD a (ADJP pretty wild) day)) .)) (TOP (SINV (S-TPC-4 (NP-SBJ-1 Our markets) (VP were (VP (ADVP-MNR closely) tied (NP *-1) (PP-CLR to (NP the stock market)))) , '') (VP said (S *T*-4)) (NP-SBJ (NP Joel Kazis) , (NP (NP manager) (PP of (NP trading)) (PP-LOC at (NP Smith Barney , Harris Upham & Co)))) .)) (TOP (S (S-TPC-3 `` (NP-SBJ-2 (NP (NP Friday 's) flight) (PP to (NP quality))) (VP was (ADVP-TMP no longer) (VP needed (NP *-2) (SBAR-TMP once (S (NP-SBJ the stock market) (VP found (NP its legs)))))) , '') (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S (NP-SBJ Some fixed-income investors) (VP had (VP expected (NP (NP a further drop) (PP in (NP stock prices))) (PP-TMP after (NP (NP the (ADJP nearly 200-point) drop) (PP-LOC in (NP the Dow Jones Industrial Average)) (PP-TMP on (NP Friday)))))) .)) (TOP (S (NP-SBJ That) (VP caused (S (NP-SBJ investors) (VP to (VP (VP flee (NP stocks)) and (VP buy (NP (NP high-quality Treasury bonds) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD (ADJP safer) (PP than (NP (NP other types) (PP of (NP securities)))))))))))))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 stocks) (VP began (S (NP-SBJ *-2) (VP to (VP climb (ADVP instead)))) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP prices) (PP of (NP Treasury bonds))) (VP declined) .)) (TOP (SINV (VP-TPC-2 Contributing (PP-CLR to (NP the selling pressure))) (VP were (VP *T*-2)) (NP-SBJ (NP dispatches) (PP by (NP several investment firms)) (VP advising (NP-1 clients) (S (NP-SBJ *-1) (VP to (VP (VP boost (NP their stock holdings)) and (VP reduce (NP (NP the size) (PP of (NP their cash or bond portfolios))))))))) .)) (TOP (SINV (PP-PRD-LOC-TPC-1 Among (NP the firms)) (VP were (PP-LOC-PRD *T*-1)) (NP-SBJ (NP Merrill Lynch & Co.) and (NP Dean Witter Reynolds Inc)) .)) (TOP (S (NP-SBJ-1 The bond market) (VP seemed (S (NP-SBJ *-1) (VP to (VP ignore (NP evidence (SBAR that (S (NP-SBJ-2 the Federal Reserve) (VP eased (NP credit conditions) (ADVP slightly) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP allowing (S (NP-SBJ the federal funds rate) (VP to (VP drift (ADJP (ADJP as low) (PP as (NP (QP 8 1) %))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The (ADJP closely watched) rate) (PP on (NP (NP federal funds) , or (NP (NP overnight loans) (PP between (NP banks))) ,))) (VP slid (PP-DIR to (NP (QP about 8 3) %)) (NP-TMP last week) , (ADVP down (PP from (NP (NP its perceived target level) (PP of (NP (QP about 9) %)))))) .)) (TOP (S (NP-SBJ-1 The rate) (VP is (VP considered (S (NP-SBJ *-1) (NP-PRD (NP an early signal) (PP of (NP (NP changes) (PP-LOC in (NP Fed policy)))))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ (NP yesterday 's) modest easing) (VP did n't (VP stir (NP much enthusiasm) (SBAR-PRP because (S (NP-SBJ-1 it) (VP had (VP been (VP (ADVP widely) expected (NP *-1))))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ some economists) (VP contend (SBAR that (S (NP-SBJ the latest easing) (VP started (NP-TMP-CLR last week))))) .)) (TOP (S (NP-SBJ Others) (VP note (SBAR that (S (NP-SBJ-1 some investors) (VP were (VP disappointed (NP *-1) (SBAR-PRP because (S (NP-SBJ they) (VP had (VP expected (NP a (ADJP more aggressive) easing)))))))))) .)) (TOP (S (NP-SBJ (NP The Treasury 's) benchmark 30-year bond) , (VP ended (UCP-CLR (ADJP (NP (QP about 1 3) points) lower) , or (ADVP down (NP (NP (QP about $ 17.50) *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount)))))) .)) (TOP (S (NP-SBJ The reversal) (VP was (ADJP-PRD (ADVP even more) evident) (PP-LOC among (NP shorter-term Treasury securities))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ Treasury bill rates) (VP plummeted (NP-EXT (QP as much as 0.70) percentage point) (PP-TMP on (NP Friday))))) , (NP-SBJ they) (VP gave (ADVP-CLR back) (ADJP (ADJP three-fourths) (PP of (NP that amount))) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ-1 (NP The bond-equivalent yield) (PP on (NP three-month Treasury bills))) , (PP for (NP example)) , (VP was (VP quoted (NP *-1) (NP-TMP late yesterday) (PP-CLR at (NP 7.72 %)) , (PP compared (PP with (NP (NP 7.16 %) (NP-TMP Friday)))))) .)) (TOP (S (NP-SBJ (NP Investment-grade corporate bonds) , (NP mortgage-backed securities) and (NP municipal bonds)) (ADVP also) (VP fell) .)) (TOP (S But (NP-SBJ-3 (NP prices) (PP of (NP (NP junk bonds) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP were (VP battered (NP *-1) (NP-TMP Friday) (PP-LOC in (NP (ADJP near standstill) trading)))))) ,))) (VP rebounded (S-CLR (NP-SBJ *-3) (VP to (VP post (NP small gains) (PP-TMP after (NP a volatile trading session)))))) .)) (TOP (S (NP-SBJ Junk bonds) (VP (VP opened (ADJP-CLR (NP-ADV (QP as much as four) points) lower)) but (VP staged (NP a modest comeback) (SBAR-TMP as (S (NP-SBJ stock prices) (VP firmed))))) .)) (TOP (S (NP-SBJ Some traders) (VP said (SBAR 0 (S (NP-SBJ-1 the high-yield market) (VP was (VP helped (NP *-1) (PP by (NP-LGS active institutional buying))))))) .)) (TOP (S-1 (PP In (ADJP particular)) (PRN , (S (NP-SBJ they) (VP said (SBAR 0 (S *T*-1)))) ,) (NP-SBJ-2 (NP firms) (PP such as (NP (NP First Boston Corp.) and (NP Drexel Burnham Lambert Inc.)))) (VP began (S (NP-SBJ *-2) (VP making (NP (NP a market) (PP-LOC in (NP junk issues))) (ADVP-TMP early (PP in (NP the session))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ prices) (VP hit (NP (ADJP severely depressed) levels) (ADVP-TMP *T*-3))))))) .)) (TOP (SINV (S-TPC-2 `` (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ (NP the willingness (S *ICH*-1)) (PP of (NP securities companies)) (S-1 (NP-SBJ *) (VP to (VP make (NP markets) (PP-BNF for (NP high-yield issues)))))) (VP improved (NP (NP the sentiment) (PP for (NP junk bonds))))))) , '') (VP said (S *T*-2)) (NP-SBJ (NP John Lonski) , (NP (NP an economist) (PP-LOC at (NP (NP Moody 's) Investors Service Inc)))) .)) (TOP (S (NP-SBJ U.S. Treasury bonds) (VP were (ADJP-PRD higher (PP in (NP (NP overnight trading) (PP-LOC in (NP Japan)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP opened (PP-TMP-CLR at (NP about 7:30 p.m. EDT))))))))) .)) (TOP (S (NP-SBJ The benchmark 30-year bond) , (PP for (NP example)) (VP rose (NP-EXT one point) (PP-TMP in (NP early Japanese trading)) (PP-PRP in (NP (NP reaction) (PP to (NP (NP a quick 600-point drop) (PP-LOC in (NP the Tokyo stock market))))))) .)) (TOP (S But (SBAR-ADV as (S (NP-SBJ Japanese stocks) (VP rebounded))) , (NP-SBJ Treasurys) (VP (VP retreated) and (VP ended (ADVP-LOC just modestly higher))) .)) (TOP (S (NP-SBJ-1 (NP Many U.S. trading operations) , (VP wanting (S (NP-SBJ *) (VP to (VP keep (NP a watchful eye) (PP-CLR on (NP (NP Japanese trading) (PP as (NP (NP an indication) (PP of (SBAR-NOM (WHADVP-2 where) (S (NP-SBJ U.S. trading) (VP would (VP begin (ADVP-LOC *T*-2)))))))))))))) ,) (VP were (VP (ADVP fully) staffed (NP *-1) (PP-TMP during (NP the Tokyo trading session)))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ (NP Most) (PP of (NP the action))) (VP was (PP-TMP-PRD during (NP the night session))) , '') (VP said (S *T*-1)) (NP-SBJ (NP Michael Moore) , (NP (NP trading manager) (PP-LOC at (NP Continental Bank)))) .)) (TOP (S (NP-SBJ (NP Jay Goldinger) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (ADVP-TMP often) trades (ADVP-TMP overnight) (PP-CLR for (NP (NP Capital Insight Inc.) , (NP-LOC (NP Beverly Hills) , (NP Calif.))))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP trading) (PP-LOC in (NP Tokyo))) (VP was (ADJP-PRD `` (ADJP very active) '' but (ADJP highly volatile)))))) .)) (TOP (S (S-TPC-1 `` (S (NP-SBJ We) (VP went (ADVP-CLR down (NP 3 point)) (PP-TMP in (NP 10 minutes)) (PP-TMP right before (NP lunch)))) , (S (ADVP-TMP then) (PP-TMP after (NP lunch)) (NP-SBJ we) (VP went (ADVP-CLR up (NP 3 point)) (PP-TMP in (NP 12 minutes)))) , '') (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (PP-LOC In (NP Tokyo)) , (NP-SBJ-1 trading) (VP is (VP halted (NP *-1) (PP-TMP during (NP lunchtime)))) .)) (TOP (S (NP-SBJ-1 (NP Tokyo 's) market) (VP turned (PRT out) (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a bad bellwether) (PP for (NP U.S. trading))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the market) (VP opened (ADVP-LOC here) (ADVP-TMP *T*-1)))) , (NP-SBJ bonds prices) (VP fell (SBAR-TMP as (S (NP-SBJ the stock market) (VP regained (NP strength))))) .)) (TOP (S (NP-SBJ (NP (NP The bond market 's) focus) (PP on (NP stock activity))) (VP was (ADJP-PRD (ADJP so strong) (SBAR *ICH*-2)) (NP-TMP yesterday) (SBAR-2 that (S (NP-SBJ it) (VP overshadowed (NP (NP (NP today 's) slate) (PP of (NP economic data)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP (NP (NP the government 's) report) (PP on (NP (NP August U.S. merchandise trade) and (NP September industrial production)))))))))))) .)) (TOP (S (NP-SBJ-1 Industrial production) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP have (VP declined (NP-EXT 0.2 %))))) , (PP according (PP to (NP (NP a consensus) (PP of (NP (NP economists) (VP surveyed (NP *) (PP by (NP-LGS Dow Jones Capital Markets Report)))))))))) .)) (TOP (S (NP-SBJ-1 The August trade deficit) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP have (VP widened (PP-DIR to (NP (QP $ 9.1 billion) *U*)) (PP-DIR from (NP (QP $ 7.58 billion) *U*) (PP-TMP in (NP July))))))))) .)) (TOP (S-1 (NP-SBJ (NP A widening) (PP of (NP that magnitude))) (PRN , (SINV (VP said (SBAR 0 (S *T*-1))) (NP-SBJ one New York trader))) , (VP is (NP-PRD `` not a favorable number)) ... .)) (TOP (S (NP-SBJ It) (VP could (VP do (NP (NP damage) (PP to (NP us))))) . '')) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-1 agency supply) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP weigh (ADVP-MNR-CLR heavily) (PP-CLR on (NP the market)) (NP-TMP (NP today) (SBAR (WHADVP-2 when) (S (NP-SBJ the Federal Home Loan Bank) (VP prices (NP (NP a (ADJP (QP $ 2.3 billion) *U*) offering) (PP of (NP (ADJP one-year , three-year , five-year and 10-year) maturities))) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (NP-TMP Tomorrow) , (NP-SBJ the Resolution Funding Corp.) (VP will (VP provide (NP (NP details) (PP of (NP (NP its first bond issue) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP (VP total (NP (QP between $ 4 billion and $ 6 billion) *U*)) and (VP carry (NP (NP a maturity) (ADJP (ADJP greater) (PP than (NP 20 years))))))))))))))))) .)) (TOP (S (NP-SBJ Resolution Funding) (VP is (NP-PRD (NP a division) (PP of (NP (NP Resolution Trust Corp.) , (NP (NP the new federal agency) (VP created (NP-1 *) (S-PRP (NP-SBJ *-1) (VP to (VP bail (PRT out) (NP (NP the nation 's) troubled thrifts)))))))))) .)) (TOP (S And (NP-TMP this week) (NP-SBJ-1 the Tennessee Valley Authority) (VP plans (S (NP-SBJ *-1) (VP to (VP price (NP (NP a (ADJP (QP $ 3 billion) *U*) offering) , (NP (NP its first public debt borrowing) (PP-TMP in (NP 15 years)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD (NP lots) (PP of (NP supply))))) , '' (NP-SBJ the New York trader) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ We) (VP have (S (NP-SBJ (QP a couple or three) tough weeks) (VP coming))) . '')) (TOP (NP-HLN Treasury Securities)) (TOP (S (NP-SBJ (NP Prices) (PP of (NP Treasury bonds))) (VP tumbled (PP-LOC in (NP (ADJP moderate (PP to (ADJP active))) trading))) .)) (TOP (S (NP-SBJ-1 The benchmark 30-year Treasury bond) (VP was (VP quoted (NP *-1) (ADVP-TMP late) (PP-CLR at (NP (NP a price) (PP of (NP (QP 101 19))))) , (PP compared (PP with (NP (NP a closing price) (PP of (NP (QP 103 12))) (NP-TMP Friday)))))) .)) (TOP (S (NP-SBJ (NP The yield) (PP on (NP the benchmark issue))) (VP rose (PP-DIR to (NP 7.97 %)) (PP-DIR from (NP 7.82 %))) .)) (TOP (S (NP-SBJ-1 The latest 10-year notes) (VP were (VP quoted (NP *-1) (ADVP-TMP late) (PP-CLR at (NP (QP 100 3))) (PP for (NP (NP a yield) (PP of (NP 7.97 %)))) , (PP compared (PP with (NP (NP (QP 101 9)) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP yield (NP 7.84 %) (ADVP *T*-2)))))))))) .)) (TOP (S (NP-SBJ Short-term interest rates) (VP fell (NP-TMP yesterday) (PP-LOC at (NP (NP the government 's) weekly Treasury bill auction))) .)) (TOP (S (NP-SBJ (NP The average discount rate) (PP on (NP new three-month Treasury bills))) (VP was (NP-PRD (NP 7.37 %) , (NP (NP the lowest) (PP-TMP since (NP (NP the average) (PP of (NP 7.36 %)) (PP-LOC at (NP (NP the auction) (PP-TMP on (NP Oct. 17 , 1988))))))))) .)) (TOP (S (NP-SBJ The average discount rate) (VP was (NP-PRD (NP 7.42 %) (PP on (NP new six-month bills)) , (NP (NP the lowest) (PP-TMP since (NP (NP the average) (PP of (NP (NP 7.35 %) (PP-LOC at (NP (NP the auction) (PP-TMP on (NP July 31 , 1989))))))))))) .)) (TOP (S (NP-SBJ Here) (VP are (NP-PRD auction details)) :)) (TOP (S (NP-SBJ-1 Rates) (VP are (VP determined (NP *-1) (PP by (NP-LGS (NP the difference) (PP between (NP the (NX (NX purchase price) and (NX face value)))))))) .)) (TOP (S (ADVP Thus) , (NP-SBJ higher bidding) (VP narrows (NP (NP the investor 's) return) (SBAR-ADV while (S (NP-SBJ lower bidding) (VP widens (NP it))))) .)) (TOP (S (NP-SBJ-1 The percentage rates) (VP are (VP calculated (NP *-1) (PP-CLR on (NP a 360-day year)) , (SBAR-ADV while (S (NP-SBJ-2 the coupon-equivalent yield) (VP is (VP based (NP *-2) (PP-CLR on (NP a 365-day year)))))))) .)) (TOP (S (NP-SBJ-1 Both issues) (VP are (VP dated (NP *-1) (NP-TMP-CLR Oct. 19))) .)) (TOP (S (S (NP-SBJ The 13-week bills) (VP mature (NP-TMP Jan. 18 , 1990))) , and (S (NP-SBJ the 26-week bills) (VP mature (NP-TMP April 19 , 1990))) .)) (TOP (NP-HLN Corporate Issues)) (TOP (S (NP-SBJ Investment-grade corporate bonds) (VP ended (ADJP (NP-ADV (QP one to 1 1) point) lower)) .)) (TOP (S (NP-SBJ There) (VP were (NP-PRD no new issues)) .)) (TOP (NP-HLN Foreign Bonds)) (TOP (S (NP-SBJ Foreign bonds) (VP surged (SBAR-TMP as (S (NP-SBJ the dollar) (VP weakened (PP-CLR against (NP most major currencies)))))) .)) (TOP (S (PP-LOC Among (NP benchmark issues)) : -- (NP-SBJ (NP (NP Japan 's) No. 111 (ADJP 4.6 %) bond) (ADJP due (NP-TMP 1998))) (VP ended (PP-LOC on (NP brokers screens)) (PP-CLR at (NP 96.15)) , (ADVP up (NP 1.17 point))) .)) (TOP (S (NP-SBJ The yield) (VP was (NP-PRD 5.245 %)) .)) (TOP (S -- (NP-SBJ-1 (NP (NP West Germany 's) (ADJP (QP 6 3) %) issue) (ADJP due (NP-TMP June 1999))) (VP ended (PP-CLR at (NP 98.30)) , (ADVP up (NP 0.91 point)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 6.99 %))))) .)) (TOP (S -- (NP-SBJ-1 (NP (NP Britain 's) (ADJP (QP 11 3) %) bond) (ADJP due (NP-TMP 2003))) (VP ended (ADVP-CLR (NP (QP 1 1)) higher) (PP-CLR at (NP (QP 111 19))) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 10.12 %)))) , (SBAR-ADV while (S (NP-SBJ-2 (NP the (ADJP (QP 11 3) %) notes) (ADJP due (NP-TMP 1991))) (VP rose (NP-EXT 21) (PP-DIR to (NP (QP 98 26))) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 12.74 %)))))))) .)) (TOP (NP-HLN Mortgage-Backed Securities)) (TOP (S (NP-SBJ Mortgage securities) (VP gave (PRT up) (NP (NP most) (PP of (NP (NP Friday 's) gains))) (SBAR-TMP as (S (NP-SBJ active issues) (VP ended (ADVP-CLR (NP (QP 24 to 30) point) lower))))) .)) (TOP (S (NP-SBJ Dealers) (VP said (SBAR 0 (S (S (NP-SBJ morning activity) (VP was (ADJP-PRD hectic (SBAR-ADV as (S (NP-SBJ prices) (VP dropped (PP-PRP in (NP (NP response) (PP to (NP (NP (NP gains) (PP-LOC in (NP the stock market))) and (NP (NP losses) (PP-LOC in (NP Treasury securities))))))))))))) , but (S (NP-SBJ trading) (VP slowed (PP-CLR to (NP moderate levels)) (PP-TMP in (NP the afternoon))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Government National Mortgage Association (ADJP 9 %) securities) (PP for (NP November delivery))) (VP were (VP quoted (NP *-1) (NP-TMP late yesterday) (PP-CLR at (NP (QP 98 4))) , (ADVP down (NP 30) (PP from (NP-TMP Friday)))))) ; (S (NP-SBJ (ADJP (QP 9 1) %) securities) (VP were (ADVP-PRD down (NP 27)) (PP-CLR at (NP (QP 100 5))))) ; and (S (NP-SBJ (ADJP 10 %) securities) (VP were (PP-PRD at (NP (QP 102 2))) , (ADVP off (NP 24)))) .)) (TOP (S (NP-SBJ Federal Home Loan Mortgage Corp. (ADJP 9 %) securities) (VP were (PP-PRD at (NP (QP 97 1))) , (ADVP down (NP 3))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ mortgage issues) (VP gained (ADVP (ADVP as much) (PP as (NP (QP 1 5))))) .)) (TOP (S (NP-TMP Late yesterday) (NP-SBJ Ginnie Mae (ADJP 9 %) securities) (VP were (VP yielding (NP 9.39 %) (PP-CLR to (NP a 12-year average life assumption)) , (SBAR-ADV as (S (NP-SBJ (NP the spread) (PP above (NP the Treasury 10-year note))) (VP narrowed (NP-EXT 0.01 percentage point) (PP-DIR to (NP 1.42))))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ there) (VP were (NP-PRD (NP some busy dealings) (PP-LOC in (NP (NP Freddie Mac) and (NP Federal National Mortgage Association securities)))) (SBAR-PRP because (S (NP-SBJ-1 (NP underwriters) (PP from (NP (NP (NP last week 's) heavy slate) (PP of (NP real estate mortgage investment conduit issues))))) (VP moved (S-PRP (NP-SBJ *-1) (VP to (VP gather (NP (NP collateral) (PP for (NP new deals))))))))))))) .)) (TOP (SINV (VP-TPC-2 Offsetting (NP the Remic-related purchases)) (VP were (VP *T*-2)) (NP-SBJ (NP continued heavy sales) (PP by (NP mortgage originators)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (VP producing (NP (NP increased amounts) (PP of (NP (NP fixed-rate mortgage-backed issues) (PP with (NP lower rates)))))))))) .)) (TOP (S (NP-SBJ There) (VP was (NP-PRD no new-issue activity) (PP-LOC in (NP the derivative market))) .)) (TOP (NP-HLN Municipals)) (TOP (S (NP-SBJ (NP Rebounding stocks) and (NP weaker Treasury prices)) (VP drove (NP municipal bonds) (ADVP-DIR (NP (QP 1 to 3) point) lower) (PP-TMP in (NP late dealings))) .)) (TOP (S (NP-SBJ The session losses) (VP left (S (NP-SBJ municipal dollar bonds) (ADJP-PRD close (PP to (SBAR-NOM (WHADVP-1 where) (S (NP-SBJ they) (VP were (SBAR-TMP before (S (NP-SBJ (NP the 190.58-point drop) (PP-LOC in (NP the Dow Jones Industrial Average)) (NP-TMP Friday)) (VP prompted (NP a capital markets rally)))) (ADVP-LOC-PRD *T*-1)))))))) .)) (TOP (S (NP-SBJ Trading) (VP was (ADJP-PRD hectic) (PP-TMP during (NP the morning)) , (PP with (S-NOM (NP-SBJ-1 players) (VP trying (S (NP-SBJ *-1) (VP to (VP gauge (SBAR whether (S (NP-SBJ equities) (VP would (VP (VP continue (NP (NP Friday 's) free fall)) or (VP stabilize (PP-TMP after (NP (NP a brief spot) (PP of (NP weakness)))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 Tax-exempts) (VP started (NP the session) (S-CLR (NP-SBJ *-1) (ADJP-PRD flat (PP to (ADJP (NP-ADV a touch) higher)))) (PP on (NP (NP anticipation) (PP of (NP further stock market erosion)))))) , but (S (NP-SBJ bond prices) (VP (ADVP-MNR rapidly) turned (ADVP-DIR south) (SBAR-TMP as (S (NP-SBJ it) (VP became (ADJP-PRD (ADJP more clear) (SBAR that (S (NP-SBJ (NP a repeat) (PP of (NP the October 1987 crash))) (VP was n't (PP-LOC-PRD at (NP hand))))))))))) .)) (TOP (S (NP-SBJ Professionals) (VP dominated (NP municipal trading) (PP-TMP throughout (NP the session))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ-1 retail investors) (VP seemed (S (NP-SBJ *-1) (VP to (VP be (VP hugging (NP the sidelines) (SBAR-TMP until (S (NP-SBJ (NP a measure) (PP of (NP volatility))) (VP is (VP wrung (PRT out) (PP-CLR of (NP the market)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP New Jersey Turnpike Authority 's) (ADJP 7.20 %) issue) (PP of (NP 2018))) (VP was (ADVP-PRD off (NP 3)) (PP-CLR at (NP (QP 98 1) bid)) , (S-ADV (NP-SBJ *-1) (VP yielding (NP-EXT 7.32 %) , (ADVP up (NP 0.07 percentage point) (PP-TMP from (NP late Friday)))))) .)) (TOP (S (NP-SBJ (NP (NP Florida Board) (PP of (NP Education)) 's) (ADJP (QP 7 1) %) issue (PP of (NP 2023))) (VP was (ADJP-PRD (NP-ADV 5 point) weaker) (PP-CLR at (NP (QP 99 1) bid))) .)) (TOP (S (NP-SBJ (NP The (ADJP (QP 7 1) %) issue) (PP of (NP (NP Triborough Bridge and Tunnel Authority) (PP of (NP New York)))) , (ADJP due (NP-TMP 2019)) ,) (VP was (ADVP-PRD off (NP 5)) (PP-CLR at (NP (QP 98 1) bid))) .)) (TOP (S And (NP-SBJ (NP (NP (NAC-LOC Fairfax County , Va. ,) Water Authority 's) (ADJP (QP 7 1) %) issue) (PP of (NP 2027))) (VP was (ADVP-PRD down (NP 3)) (PP-CLR at (NP (QP 99 7) bid))) .)) (TOP (S (NP-SBJ Serial bond yields) (VP were (ADVP-PRD up (NP (QP about 0.05) percentage point))) .)) (TOP (S (NP-SBJ (NP BMA Corp.) , (NP-LOC (NP Kansas City) , (NP Mo.) ,)) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP 's (VP weighing (NP `` (NP strategic alternatives) , '' (PP for (NP (NP its Business Men 's) Assurance Co. unit))))) , and (VP is (VP contacting (NP (NP possible buyers) (PP of (NP the life and health insurance operation))))))))) .)) (TOP (S (NP-SBJ A BMA spokesman) (VP said (SBAR 0 (S (S `` (NP-SBJ runaway medical costs) '' (VP have (VP made (S (NP-SBJ health insurance) `` (NP-PRD a significant challenge) , '')))) and (S (NP-SBJ-1 margins) (ADVP also) (VP have (VP been (VP pinched (NP *-1) (PP by (NP-LGS (NP changes) (PP in (NP (NP the mix) (PP of (NP (NP life-insurance products) (SBAR (WHNP-2 0) (S (NP-SBJ consumers) (ADVP-TMP now) (VP demand (NP *T*-2))))))))))))))))) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ (NP The Business Men 's) Assurance unit) (VP represented (NP (NP (QP about $ 288 million) *U*) (PP of (NP (NP (NP the company 's) (QP $ 488 million) *U*) (PP-TMP in (NP 1988 revenue))))))) , and (S (NP-SBJ (NP the unit 's) operating income) (VP was (NP-PRD (QP about $ 10 million) *U*)))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ the spokesman) .)) (TOP (S (NP-SBJ-1 (NP (NP BMA 's) investment banker) , (NP Alex . Brown & Sons Inc.) ,) (VP has (VP been (VP authorized (S (NP-SBJ *-1) (VP to (VP contact (NP (NP possible buyers) (PP for (NP the unit))))))))) .)) (TOP (S (NP-SBJ Laidlaw Transportation Ltd.) (VP said (SBAR 0 (S (NP-SBJ it) (VP raised (NP (NP its stake) (PP in (NP (NP ADT Ltd.) (PP of (NP Bermuda))))) (PP-DIR to (NP 29.4 %)) (PP-DIR from (NP 28 %)))))) .)) (TOP (S (NP-SBJ-2 (NP A spokesman) (PP for (NP Laidlaw))) (VP declined (S (NP-SBJ *-2) (VP to (VP disclose (NP (NP the price) (SBAR (WHNP-1 0) (S (NP-SBJ the Toronto transportation and waste services concern) (VP paid (NP *T*-1) (PP-CLR for (NP (NP the additional shares) , (SBAR (WHNP-3 which) (S (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ *T*-3) (VP were (VP acquired (PP-TMP `` over (NP (NP the last couple) (PP of (NP weeks))) . '')))))))))))))))))))) (TOP (S (NP-SBJ The spokesman) (VP said (SBAR 0 (S (NP-SBJ Laidlaw) (VP would n't (VP increase (NP (NP its stake) (PP in (NP ADT))) (PP-DIR beyond (NP 30 %)) (PP `` without (NP (NP a great deal) (PP of (NP thought))) '') (PP-PRP because of (NP (NP British takeover regulations) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP require (S (NP-SBJ (NP a company) (VP acquiring (NP (QP more than 30) %))) (VP to (VP extend (NP an offer) (PP-CLR to (NP (NP the rest) (PP of (NP (NP the company 's) shareholders))))))))))))))))) .)) (TOP (S (NP-SBJ (NP ADT) , (NP a security services and auctions company) ,) (VP trades (PP-LOC on (NP (NP London 's) Stock Exchange))) .)) (TOP (S (NP-SBJ Laidlaw) (VP is (ADJP-PRD 47%-controlled (PP by (NP (NP Canadian Pacific Ltd.) , (NP a Montreal transportation , resources and industrial holding concern))))) .)) (TOP (S (NP-SBJ (NP Nintendo Co.) , (NP (NP a Japanese maker) (PP of (NP (NP video games) , (NP electronic information systems) and (NP playing cards)))) ,) (VP posted (NP (NP a (ADJP 23 %) unconsolidated surge) (PP in (NP pretax profit)) (PP-DIR to (NP (NP (QP 61.41 billion) yen) -LRB- (NP (QP $ 429 million) *U*) -RRB-)) (PP-DIR from (NP (NP (QP 50 billion) yen) -LRB- (NP (QP $ 349.9 million) *U*) -RRB-))) (PP for (NP (NP the fiscal year) (VP ended (NP-TMP-CLR Aug. 31))))) .)) (TOP (S (NP-SBJ Sales) (VP surged (NP-EXT 40 %) (PP-DIR to (NP (QP 250.17 billion) yen)) (PP-DIR from (NP (QP 178.61 billion)))) .)) (TOP (S (NP-SBJ Net income) (VP rose (NP-EXT 11 %) (PP-DIR to (NP (QP 29.62 billion) yen)) (PP-DIR from (NP (QP 26.68 billion)))) .)) (TOP (S (NP-SBJ Pershare net) (VP fell (PP-DIR to (NP 423.3 yen)) (PP-DIR from (NP 457.7 yen)) (PP-PRP because of (NP (NP expenses) and (NP capital adjustments)))) .)) (TOP (S (PP Without (S-NOM (NP-SBJ *-1) (VP detailing (NP specific product breakdowns)))) , (NP-SBJ-1 Nintendo) (VP credited (NP (NP its bullish upsurge) (PP in (NP (NP sales) -- (PP including (NP (NP advanced computer games) and (NP television entertainment systems))) --))) (PP-CLR to (NP (NP surging `` leisure-oriented '' sales) (PP-LOC in (NP foreign markets))))) .)) (TOP (S (NP-SBJ (NP Export sales) (PP for (NP (NP leisure items) (ADVP alone)))) , (PP for (NP instance)) , (VP totaled (NP (QP 184.74 billion) yen) (PP-TMP in (NP the 12 months)) , (ADVP up (PP from (NP (QP 106.06 billion)) (PP-TMP in (NP the (ADJP previous fiscal) year))))) .)) (TOP (S (NP-SBJ Domestic leisure sales) , (ADVP however) , (VP were (ADJP-PRD lower)) .)) (TOP (S (NP-SBJ (NP Hertz Corp.) (PP of (NP-LOC (NP Park Ridge) , (NP N.J.) ,))) (VP said (SBAR 0 (S (NP-SBJ it) (VP retained (NP-1 Merrill Lynch Capital Markets) (S-PRP-CLR (NP-SBJ *-1) (VP to (VP sell (NP its Hertz Equipment Rental Corp. unit)))))))) .)) (TOP (SINV (S-TPC-1 `` (S (NP-SBJ There) (VP is (NP-PRD no pressing need (S (NP-SBJ *) (VP to (VP sell (NP the unit))))))) , but (S (NP-SBJ we) (VP are (VP doing (NP it) (SBAR-PRP so (S (NP-SBJ we) (VP can (VP concentrate (PP-CLR on (NP (NP our core business) , (S-NOM (NP-SBJ *) (VP renting (NP automobiles) (UCP-LOC (PP in (NP the U.S.)) and (ADVP abroad))))))))))))) , '') (VP said (S *T*-1)) (NP-SBJ (NP William Slider) , (NP (NP Hertz 's) executive vice president)) .)) (TOP (S `` (NP-SBJ-1 We) (VP are (VP (ADVP only) going (S (NP-SBJ *-1) (VP to (VP sell (PP-CLR at (NP the right price))))))) . '')) (TOP (S (NP-SBJ Hertz Equipment) (VP had (NP (NP operating profit) (PP-TMP before (NP depreciation)) (PP of (NP (NP (QP $ 90 million) *U*) (PP on (NP (NP revenue) (PP of (NP (QP $ 150 million) *U*)) (PP-TMP in (NP 1988)))))))) .)) (TOP (S (NP-SBJ The (ADJP closely held) Hertz Corp.) (VP had (NP (NP annual revenue) (PP of (ADJP close (PP to (NP (NP (QP $ 2 billion) *U*) (PP-TMP in (NP 1988)))))) , (SBAR (WHPP-2 of (WHNP which)) (S (NP-SBJ-1 (NP (QP $ 1.7 billion) *U*) (PP *T*-2)) (VP was (VP contributed (NP *-1) (PP by (NP-LGS its Hertz (S-TTL (NP-SBJ *) (VP Rent (NP A Car))) operations world-wide)))))))) .)) (TOP (S (NP-SBJ Hertz Equipment) (VP is (NP-PRD (NP a major supplier) (PP of (NP rental equipment))) (PP-LOC in (NP (NP the U.S.) , (NP France) , (NP Spain) and (NP the U.K)))) .)) (TOP (S (NP-SBJ It) (VP supplies (NP (NP (ADJP commercial and industrial) equipment) (PP including (NP (NP (UCP earth-moving , aerial , compaction and electrical) equipment) , (NP compressors) , (NP cranes) , (NP forklifts) and (NP trucks))))) .)) (TOP (S (NP-SBJ Interspec Inc.) (VP reported (NP (NP a net loss) (PP of (NP (QP $ 2.4 million) *U*)) (PP for (NP (NP the fiscal third quarter) (VP ended (NP-TMP-CLR Aug. 31)))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ the loss) (VP resulted (PP-CLR from (NP (NP startup and introduction costs) (VP related (NP *) (PP-CLR to (NP a new medical ultrasound equipment system))))))))) .)) (TOP (S (PP-TMP In (NP the year-earlier quarter)) , (NP-SBJ the company) (VP reported (NP (NP net income) (PP of (NP (NP $ 955,000 *U*) , or (NP (NP 15 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ (NP The manufacturer) (PP of (NP ultrasound diagnostic systems)) , (VP based (NP *) (PP-LOC in (NP (NP Ambler) , (NP Pa.)))) ,) (VP reported (NP (NP a nine-month net loss) (PP of (NP (QP $ 2.43 million) *U*)) (PP compared (PP with (NP (NP net income) (PP of (NP (NP (QP $ 2.71 million) *U*) , or (NP (NP 44 cents) (NP-ADV a share)) ,)) (PP for (NP (NP the nine-month period) (ADVP-TMP (NP a year) earlier)))))))) .)) (TOP (S (PP-LOC In (NP over-the-counter trading)) , (NP-SBJ Interspec) (VP fell (NP-EXT 37.5 cents) (PP-DIR to (NP $ 4.25 *U*))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Allegheny Ludlum Corp.) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP third-quarter net) (PP of (NP (NP (QP about $ 34 million) *U*) , or (NP (NP $ 1.50 *U*) (NP-ADV a share)) ,)) (ADVP down (PP from (NP (NP (QP $ 38.4 million) *U*) , or (NP (NP $ 1.70 *U*) (NP-ADV a share))) , (ADVP-TMP (NP a year) earlier))))))))) , (NP-SBJ (NP Richard P. Simmons) , (NP (NP chairman) and (NP (ADJP chief executive) officer)) ,) (VP told (NP (NP institutional investors) (PP-LOC in (NP New York))) (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Sales) (PP for (NP (NP the Pittsburgh-based producer) (PP of (NP (NP specialty steels) and (NP other materials)))))) (VP fell (PP-DIR to (NP (QP about $ 265 million) *U*) (PP-TMP in (NP the third quarter))) (PP-DIR from (NP (QP $ 320.5 million) *U*) (ADVP-TMP (NP a year) earlier)))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the third-quarter estimate) (VP indicates (NP (NP profit) (PP for (NP the nine months)) (PP of (NP (NP $ 4.65 *U*) (NP-ADV a share))) , (ADJP `` almost equal (PP to (NP (NP the full-year 1988 earnings '') (PP of (NP (NP (QP $ 108.6 million) *U*) , or (NP (NP $ 4.81 *U*) (NP-ADV a share)))))))))))) .)) (TOP (S (PP-TMP In (NP (NP the first nine months) (PP of (NP 1988)))) , (NP-SBJ net) (VP was (NP-PRD (NP (QP $ 85 million) *U*) , or (NP (NP $ 3.76 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ Mr. Simmons) (VP said (SBAR 0 (S (NP-SBJ the third-quarter results) (VP reflect (NP (NP continued improvements) (PP in (NP productivity and operating margins))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP capital spending) (NP-TMP next year)) (VP will (VP rise (PP-DIR to (NP (QP about $ 45 million) *U*)) (PP-DIR from (NP (QP about $ 35 million) *U*) (NP-TMP this year))))))) .)) (TOP (S (NP-SBJ U.S. Banknote Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP (ADVP-TMP again) extended (NP (NP the expiration date) (PP of (NP (NP its (ADJP $ 7-a-share *U*) tender offer) (PP for (NP International Banknote Co.))))) (PP-CLR to (NP Nov. 15)))))) .)) (TOP (S (NP-SBJ U.S. Banknote) (VP said (SBAR 0 (S (S (NP-SBJ it) (VP is (PP-PRD in (NP negotiations (S (NP-SBJ *) (VP to (VP sell (NP `` (NP certain facilities) , '' (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP did n't (VP name (NP *T*-1))))) ,) (PP-DTV to (NP a third party))))))))) , and (S (NP-SBJ-2 it) (VP needs (NP the extension) (S-PRP (NP-SBJ-3 *-2) (VP to (VP try (S (NP-SBJ *-3) (VP to (VP reach (NP (NP a definitive agreement) (PP on (NP the sale)))))))))))))) .)) (TOP (S (NP-SBJ U.S. Banknote) (VP said (SBAR 0 (S (NP-SBJ it) (VP believes (SBAR 0 (S (NP-SBJ-2 the sale) , (SBAR-ADV if (S (NP-SBJ-1 *-2) (VP completed (NP *-1)))) , (ADVP apparently) (VP would (VP satisfy (NP (NP antitrust issues) (VP raised (NP *) (PP by (NP-LGS the U.S. Justice Department))) (PP about (NP (NP U.S. Banknote 's) offer (S (NP-SBJ *) (VP to (VP buy (NP International Banknote))))))))))))))) .)) (TOP (S (NP-SBJ (NP Both) (PP of (NP the New York-based companies))) (VP print (NP (NP stock certificates) and (NP currency))) .)) (TOP (S (NP-SBJ U.S. Banknote) (VP said (SBAR 0 (S `` (NP-SBJ there) (VP can (VP be (NP-PRD no assurance '' (SBAR 0 (S (NP-SBJ-1 a sale agreement) (VP would (VP be (VP concluded (NP *-1)))))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-2 the tender offer) (VP would (ADVP probably) (VP have (S (NP-SBJ-1 *-2) (VP to (VP be (VP extended (NP *-1) (ADVP-TMP further) (S-PRP (NP-SBJ *) (VP to (VP complete (NP financing arrangements))))))))))))) .)) (TOP (S (NP-SBJ U.S. Banknote) (VP said (SBAR 0 (S (NP-SBJ Citibank) (VP extended (NP (NP the expiration date) (PP of (NP (NP its commitment) (PP for (NP senior secured financing))))) (PP-CLR to (NP Nov. 15)))))) .)) (TOP (S (NP-SBJ-1 (NP The offer) , (VP made (NP *) (NP-TMP June 1)) ,) (VP has (VP been (VP extended (NP *-1) (NP-TMP several times)))) .)) (TOP (S (NP-SBJ (ADJP Closely held) U.S. Banknote) (VP offered (NP (NP (NP the $ 7 *U*) (NP-ADV a share)) , or (NP (QP $ 126 million) *U*) ,) (PP-CLR for (NP (NP (QP as many as 14.9 million) shares) , or (NP 78.6 %) , (PP of (NP (NP (NP International Banknote 's) shares) (ADJP outstanding)))))) .)) (TOP (S (NP-SBJ U.S. Banknote) (VP said (SBAR that (S (PP-TMP as (PP of (NP Oct. 13))) , (NP-SBJ-1 (NP (QP 16.1 million) shares) , or (NP (NP (QP about 84.3) %) (PP of (NP (NP the (ADJP fully diluted) shares) (ADJP outstanding)))) ,) (VP had (VP been (VP tendered (NP *-1))))))) .)) (TOP (S (NP-SBJ Gitano Group Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP (NP 50 %) (PP of (NP (NP Regatta Sport Ltd.) , (NP a (ADJP closely held) apparel maker) ,))) (PP with (NP (NP the assumption) (PP of (NP (NP (QP $ 3 million) *U*) (PP of (NP contingent debt))))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP the terms) (PP of (NP the contract)))) , (NP-SBJ (ADJP New York-based) Gitano) (VP has (NP the option (S (NP-SBJ *) (VP to (VP acquire (NP (NP the remaining 50 %) (PP of (NP (NP Regatta) , (NP (NP a maker) (PP of (NP (NP (NP (NP men 's) and (NP women 's)) clothes) (VP sold (NP *) (PP-LOC (ADVP primarily) in (NP department stores)))))) ,))) (PP-MNR under (NP certain conditions))))))) .)) (TOP (S (NP-SBJ-1 That 50 %) (VP is (ADVP-TMP now) (VP held (NP *-1) (PP by (NP-LGS (NP (NP Clifford Parker) , (NP (NP Regatta 's) (NX (NX president) and (NX chief executive officer))) ,) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP will (VP continue (S (NP-SBJ *-3) (VP to (VP manage (NP (NP Regatta 's) operations) (PP-LOC under (NP Gitano))))))))))))) .)) (TOP (S (S-TPC-1 (PP-TMP In (NP 1989)) , (NP-SBJ Regatta) (VP (VP will (VP have (NP sales) (PP `` in (NP (NP excess) (PP of (NP (QP $ 10 million) *U*))) ''))) and (VP will (VP show (NP a profit))))) , (NP-SBJ Mr. Parker) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Gitano) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP (NP budget-priced apparel) (VP sold (NP *) (ADVP mainly) (PP-MNR through (NP (NP mass merchandisers) (PP like (NP (NP K mart) and (NP Wal-Mart)))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ the Regatta acquisition) (VP will (VP enhance (NP its strategy (S (NP-SBJ *) (VP to (VP expand (PP-CLR into (NP department stores))))))))))) .)) (TOP (S (NP This fall) , (NP-SBJ-1 Gitano) (VP began (S (NP-SBJ *-1) (VP manufacturing (NP (NP (ADJP moderately priced) clothes) (VP aimed (NP *) (PP-CLR at (NP department stores)))) (PP-CLR under (NP (NP the Gloria Vanderbilt trademark) , (SBAR (WHNP-2 which) (S (NP-SBJ Gitano) (VP (ADVP-TMP recently) acquired (NP *T*-2))))))))) .)) (TOP (S (NP-SBJ (NP Enron Corp.) , (NP-LOC Houston) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the sale) (PP of (NP (NP preference units) (PP of (NP its (ADJP newly formed) Enron NGL Partners L.P. master limited partnership subsidiary))))) (VP will (VP result (PP-CLR in (NP (NP an undetermined gain) (PP-TMP in (NP the fourth quarter))))))))) .)) (TOP (S (PP-TMP In (NP the year-ago quarter)) , (NP-SBJ the natural gas concern) (VP had (NP (NP net income) (PP of (NP (NP (QP $ 25.2 million) *U*) , or (NP (NP 34 cents) (NP-ADV a share)) ,)) (PP on (NP (NP revenue) (PP of (NP (QP about $ 1.46 billion) *U*)))))) .)) (TOP (S (NP-SBJ Those results) (VP included (NP (NP a (ADJP (QP $ 2.7 million) *U*) charge) (VP related (NP *) (PP-CLR to (NP (NP the retirement) (PP of (NP debt))))))) .)) (TOP (S (PP-LOC In (NP a related move)) , (NP-SBJ Enron) (VP said (SBAR 0 (S (NP-SBJ it) (VP increased (NP (NP the number) (PP of (NP (NP (NP the partnership 's) units) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP will (VP offer (NP *T*-1)))))))) (PP-DIR to (NP 6,930,000)) (PP-DIR from (NP 5,500,000)))))) .)) (TOP (S (NP-SBJ (NP The (ADJP old and revised) numbers) (NP both)) (VP include (NP over-allotment provisions)) .)) (TOP (S (NP-SBJ Enron) (VP said (SBAR 0 (S (NP-SBJ-1 each unit) (VP (VP will (VP be (VP priced (NP *-1) (PP-CLR in (NP the (ADJP $ 19-to-$21 *U*) range ))))) and (VP will (VP represent (NP (NP (QP about 80) %) (PP of (NP the partnership equity))))))))) .)) (TOP (S (NP-SBJ-1 (NP Net proceeds) (PP from (NP the offering))) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD close (PP to (NP (QP $ 200 million) *U*)))))))) .)) (TOP (S (NP-SBJ (NP Goldman , Sachs & Co.) , and (NP Drexel Burnham Lambert Inc.)) (VP are (NP-PRD lead underwriters)) .)) (TOP (S (NP-SBJ Arthur M. Goldberg) (VP said (SBAR 0 (S (NP-SBJ he) (VP extended (NP (NP his unsolicited tender offer) (PP of (NP (NP (NP $ 32 *U*) (NP-ADV a share (X tender offer))) , or (NP (QP $ 154.3 million) *U*) ,)) (PP for (NP Di Giorgio Corp.))) (PP-CLR to (NP Nov. 1)))))) .)) (TOP (S (NP-SBJ (NP DIG Acquisition Corp.) , (NP (NP the New Jersey investor 's) acquisition vehicle) ,) (VP said (SBAR that (S (PP-TMP as (PP of (NP (NP the close) (PP of (NP business)) (NP-TMP yesterday)))) , (NP-SBJ-1 560,839 shares) (VP had (VP been (VP tendered (NP *-1))))))) .)) (TOP (S (PP Including (NP (NP the stake) (SBAR (WHNP-1 0) (S (NP-SBJ DIG) (VP (ADVP-TMP already) held (NP *T*-1)))))) , (NP-SBJ DIG) (VP holds (NP (NP a total) (PP of (NP (NP (QP about 25) %) (PP of (NP (NP Di Giorgio 's) shares))))) (PP-CLR on (NP a (ADJP fully diluted) basis))) .)) (TOP (S (NP-SBJ-2 (NP The offer) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (ADVP also) includes (NP (ADJP common and preferred) stock purchase rights)))) ,) (VP was (S (NP-SBJ *-2) (VP to (VP expire (NP-TMP-CLR last night) (PP-TMP at (NP midnight)))))) .)) (TOP (S (NP-SBJ The new expiration date) (VP is (NP-PRD (NP the date) (SBAR (WHPP-2 on (WHNP which)) (S (NP-SBJ-3 (NP (NP DIG 's) financing commitments) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP total (NP (QP about $ 240 million) *U*)))) ,) (VP are (S (NP-SBJ *-3) (VP to (VP expire (PP-TMP-CLR *T*-2))))))))) .)) (TOP (S (NP-SBJ DIG) (VP is (NP-PRD (NP a unit) (PP of (NP (NP DIG Holding Corp.) , (NP (NP a unit) (PP of (NP Rose Partners L.P))))))) .)) (TOP (S (NP-SBJ Mr. Goldberg) (VP is (NP-PRD (NP the sole general partner) (PP in (NP Rose Partners)))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ (NP Di Giorgio) , (NP a San Francisco food products and building materials marketing and distribution company) ,) (VP rejected (NP (NP Mr. Goldberg 's) offer) (PP-CLR as (ADJP inadequate))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Di Giorgio) (VP closed (PP-CLR at (NP (NP $ 31.50 *U*) (NP-ADV a share))) , (ADVP down (NP $ 1.75 *U*))) .)) (TOP (SBARQ (WHNP-1 What) (SQ (NP-SBJ *T*-1) does n't (VP belong (ADVP-LOC here))) ?)) (TOP (NP (NP (LST A.) manual typewriters) , (NP (LST B.) black-and-white snapshots) , (NP (LST C.) radio adventure shows) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP guessed (NP black-and-white snapshots)))) , (NP-SBJ you) (VP 're (ADJP-PRD right)) .)) (TOP (S (PP-TMP After (NP (NP years) (PP of (S-NOM (NP-SBJ *) (VP fading (PP-CLR into (NP the background))))))) , (NP-SBJ two-tone photography) (VP is (VP coming (ADVP-CLR back))) .)) (TOP (S (NP-SBJ Trendy magazine advertisements) (VP feature (NP (NP stark black-and-white photos) (PP of (S-NOM (NP-SBJ Hollywood celebrities) (VP pitching (NP jeans , shoes and liquor)))))) .)) (TOP (S (NP-SBJ (NP Portrait studios) (VP accustomed (NP *) (PP-CLR to (S-NOM (NP-SBJ *) (VP shooting (PP-MNR only in (NP color))))))) (VP report (NP (NP a rush) (PP to (NP black-and-white portrait orders)))) .)) (TOP (S And (NP-SBJ black-and-white photography classes) (VP are (VP crowded (PP-CLR with (NP students)))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (VP happening (PP-LOC in (NP photography)))))) (VP mirrors (NP (NP the popularity) (PP of (NP black and white)) (PP-LOC in (NP (NP fashion) , (NP home furnishings) and (NP cinematography))))) .)) (TOP (S (PP-LOC On (NP Seventh Avenue)) , (NP-SBJ designers) (VP have (VP been (VP advancing (NP the monochrome look) (PP with (NP (NP clothing collections) (VP done (NP *) (ADVP entirely) (PP-MNR in (NP black and white)))))))) .)) (TOP (S And (NP-SBJ classic black-and-white movies) (VP are (VP enjoying (NP (NP a comeback) (PP on (NP videocassette tapes)) , (VP spurred (NP *) , (PP in (NP part)) , (PP by (NP-LGS (NP the backlash) (PP against (NP (NP colorization) (PP of (NP old films)))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ The pendulum) (VP is (VP swinging (ADVP-CLR back) (PP-CLR to (NP black and white)))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Richard DeMoulin) , (NP (NP the general manager) (PP of (NP (NP Eastman Kodak Co. 's) professional photography division)))) .)) (TOP (S (PP-TMP Until (ADVP (NP two years) ago)) , (NP-SBJ (NP sales) (PP of (NP black-and-white film))) (VP had (VP been (VP declining (ADVP-MNR steadily) (PP-TMP since (NP the 1960s))))) .)) (TOP (S (S But (NP-TMP last year) , (S-ADV (NP-SBJ-2 *-1) (VP buoyed (NP *-2) (PP by (NP-LGS (NP increased use) (PP in (NP (NP advertising) and (NP other commercial applications))))))) , (NP-SBJ-1 sales) (VP increased (NP-EXT 5 %))) , and (S (NP-SBJ-3 they) (VP are (VP expected (S (NP-SBJ *-3) (VP to (VP jump (NP (ADVP at least) that much) (ADVP-TMP again) (NP-TMP this year))))))) .)) (TOP (S (NP-SBJ-1 Photographic companies) (VP are (VP scrambling (S (NP-SBJ *-1) (VP to (VP tap (NP the resurging market)))) , (S-ADV (NP-SBJ *-1) (VP (VP reviving (NP some black-and-white product lines)) and (VP developing (NP new ones)))))) .)) (TOP (S (PP-LOC At (NP (NP Kodak) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (ADVP largely) ignored (NP the market) (PP-TMP for (NP years))))) ,)) (NP-SBJ black-and-white film sales) (VP (ADVP-TMP now) account (PP-CLR for (NP (NP (QP nearly 15) %) (PP of (NP (NP (NP the company 's) (QP $ 3 billion) *U*) (PP in (NP film and paper sales)) (ADVP-TMP annually))) , (ADVP up (PP from (NP 10 %) (ADVP-TMP (NP three years) ago)))))) .)) (TOP (S (NP-SBJ-1 The (NAC-LOC Rochester , N.Y. ,) photographic giant) (VP (ADVP-TMP recently) began (S (NP-SBJ *-1) (VP marketing (NP (NP T-Max 3200) , (NP (NP one) (PP of (NP the (ADJP fastest and most sensitive) monochrome films))))))) .)) (TOP (SINV (S-TPC-2 (S-ADV (NP-SBJ-3 *-1) (VP Aimed (NP *-3) (PP-CLR at (NP commercial photographers)))) , (NP-SBJ-1 the film) (VP can (VP be (VP used (NP *-1) (PP in (NP (ADJP very low) light)) (PP without (S-NOM (NP-SBJ *) (VP sacrificing (NP quality))))))) ,) (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Donald Franz) (PP of (NP Photofinishing Newsletter))) .)) (TOP (SINV (VP-TPC-2 (ADVP Also) trying (S (NP-SBJ *-1) (VP to (VP snare (NP (NP a portion) (PP of (NP the (ADJP $ 2 billion-a-year *U*) industry))))))) (VP is (VP *T*-2)) (NP-SBJ-1 (NP Agfa Corp.) , (NP (NP a unit) (PP of (NP Bayer AG)))) .)) (TOP (S (NP-SBJ Agfa) (VP (ADVP-TMP recently) signed (S (NP-SBJ Olympic gold medalist Florence Griffith-Joyner) (VP to (VP endorse (NP (NP a new line) (PP of (NP black-and-white paper)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP 's (VP geared (NP *-2) (PP-CLR to (NP consumers))) and (VP will (VP compete (ADVP directly) (PP-CLR with (NP (NP Kodak 's) papers)))))))))))) .)) (TOP (SINV (S-TPC-2 (S (S-ADV (NP-SBJ-3 *-1) (VP Slated (NP *-3) (PP-CLR for (NP market)) (PP-TMP by (NP (NP the end) (PP of (NP the year))))) ,) (NP-SBJ-1 the paper) `` (VP could (VP have (VP been (VP introduced (NP *-1) (ADVP-TMP (NP a long time) ago)))))) but (S (NP-SBJ the market) (VP was n't (ADVP-LOC-PRD there) (ADVP-TMP then))) , '') (VP says (SBAR 0 (S *T*-2))) (NP-SBJ an Agfa spokesman) .)) (TOP (S (NP-SBJ-1 (NP The biggest beneficiary) (PP of (NP the black-and-white revival))) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP (NP International Paper Co. 's) Ilford division) , (VP known (NP *) (PP in (NP the industry)) (PP-CLR for (NP its premium products))))))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP (NP (NP Ilford 's) four varieties) (PP of (NP black-and-white film))))) (NP-TMP this year) (VP are (VP outpacing (NP (NP growth) (PP-LOC in (NP the overall market))) , (SBAR-ADV although (S (NP-SBJ the company) (VP wo n't (VP say (PP-EXT by (NP (ADVP exactly) how much)))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ We) (VP hope (SBAR 0 (S (NP-SBJ the trend) (VP lasts)))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Laurie DiCara) , (NP (NP Ilford 's) marketing communications director)) .)) (TOP (FRAG (WHADVP Why) (NP all the interest) ?)) (TOP (S (PP For (NP (NP baby boomers) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP grew (PRT up) (S (NP-SBJ-1 *-3) (VP being (VP photographed (NP *-1) (PP-MNR in (NP color)))))))))) , (NP-SBJ black and white) (VP seems (ADJP-PRD eye-catching and exotic)) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ It) (VP has (NP (NP an archival , (ADJP almost nostalgic) quality) (PP to (NP it)))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Owen B. Butler) , (NP (NP the chairman) (PP of (NP (NP the applied photography department) (PP-LOC at (NP (NP Rochester Institute) (PP of (NP Technology)))))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ You) (VP can (VP shift (PP-CLR out (PP of (NP reality))) (PP with (NP black and white)))) , '') (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Such features) (VP have (VP been (ADJP-PRD especially attractive (PP to (NP (NP (NP professional photographers) and (NP marketing executives)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP been (VP (ADVP-MNR steadily) increasing (NP (NP their use) (PP of (NP black and white)) (PP-LOC in (NP advertising))))))))))))) .)) (TOP (S (NP-SBJ (NP Processing) (PP of (NP black-and-white commercial film))) (VP jumped (NP-EXT 24 %) (NP-TMP last year) (PP-DIR to (NP (QP 18.7 million) rolls))) .)) (TOP (S (NP-SBJ *) (VP Consider (NP (NP Gap Inc.) , (SBAR (WHNP-1 whose latest ad campaign) (S (NP-SBJ *T*-1) (VP features (NP (NP black-and-white shots) (PP of (NP (NP (NP Hollywood stars) , (NP artists) and (NP (ADJP other well-known) personalities)) (VP modeling (NP (NP the retailer 's) jeans and T-shirts)))))))))) .)) (TOP (S (NP-SBJ (NP Richard Crisman) , (NP (NP the account manager) (PP for (NP the campaign))) ,) (VP says (SBAR 0 (S (NP-SBJ Gap) (VP did n't (VP (ADVP intentionally) choose (S (NP-SBJ black and white) (VP to (VP distinguish (NP its ads) (PP-CLR from (NP (NP the color spreads) (PP of (NP competitors)))))))))))) .)) (TOP (S-2 (S `` (NP-SBJ-1 We) (VP wanted (S (NP-SBJ *-1) (VP to (VP highlight (NP (NP the individual) , not (NP the environment)))))) , '') (PRN (S (NP-SBJ he) (VP says (S *T*-2)))) , `` and (S (NP-SBJ black and white) (VP allows (S (NP-SBJ you) (VP to (VP do (NP that) (ADVP-CLR (ADVP better) (PP than (NP color)))))))) . '')) (TOP (S (NP-SBJ The campaign) (VP won (NP (NP a Cleo award) (PP as (NP (NP (NP this year 's) best ad) (PP by (NP a specialty retailer)))))) .)) (TOP (S (NP-SBJ (NP Even food products and automobiles) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (VP (ADVP-TMP long) depended (PP-CLR on (NP color)))))) ,) (VP are (VP making (NP the switch))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ Companies) (VP `` feel (SBAR 0 (S (NP-SBJ black and white) (VP will (VP convey (NP a stronger statement))))) , '')) (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Marc L. Hauser) , (NP (NP a Chicago photographer) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (VP working (PP-CLR on (NP (NP a black-and-white print ad) (PP for (NP (NP Stouffer Food Corp. 's) Lean Cuisine)))))))))) .)) (TOP (S (NP-SBJ (NP Other companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADVP-TMP currently) (VP using (NP two-tone ads)))))) (VP include (NP (NP American Express Co.) and (NP Epson America Inc))) .)) (TOP (S (NP-SBJ Portrait studios) (VP have (ADVP also) (VP latched (PP-CLR onto (NP the trend)))) .)) (TOP (SINV (S-TPC-1 (S-ADV (NP-SBJ *-2) (VP Using (NP black and white))) , `` (NP-SBJ-2 we) (VP can (VP make (S (NP-SBJ housewives) (VP look (PP-CLR like (NP stars)))))) , '') (VP says (SBAR 0 (S *T*-1))) (NP-SBJ John Perrin) .)) (TOP (S-1 (NP-SBJ-2 (NP His On-Broadway Photography studio) (PP-LOC in (NP (NP Portland) , (NP Ore.) ,))) (VP (VP doubled (NP its business) (NP-TMP last year)) and (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (VP is (VP booked (S-CLR (NP-SBJ *-2) (ADJP-PRD solid)) (PP-TMP for (NP the next five))))) .)) (TOP (S (NP-SBJ (NP One customer) , (NP Dayna Brunsdon) ,) (VP says (SBAR 0 (S (NP-SBJ she) (VP spurned (NP a color portrait) (PP-CLR for (NP black and white)) (SBAR-PRP because (S `` (NP-SBJ it) (VP 's (ADJP-PRD more dramatic)))))))) .)) (TOP (S (S (NP-SBJ I) (VP show (NP it) (PP-DTV to (NP my friends)))) , and (S (NP-SBJ (NP they) (NP all)) (VP say ` (NP wow) . ')))) (TOP (S (NP-SBJ It) (VP is n't (ADJP-PRD ordinary (PP like (NP color)))) . '')) (TOP (S (ADVP Still) , (NP-SBJ-1 most consumers) (VP are n't (VP plunking (NP black-and-white film) (PP-CLR into (NP their cameras)) (S-PRP (NP-SBJ *-1) (VP to (VP take (NP family snapshots)))))) .)) (TOP (S (NP-SBJ One big obstacle) (VP is (SBAR-PRD that (S (NP-SBJ few drugstores) (VP develop (NP the film) (ADVP-TMP anymore))))) .)) (TOP (S (ADVP Typically) , (NP-SBJ-1 it) (VP (VP must (VP be (VP mailed (NP *-1) (PP-DIR to (NP (NP a handful) (PP of (NP processors))))))) and (VP may (VP take (NP-TMP-CLR a week (QP or more)) (S-CLF (NP-SBJ-2 *-1) (VP to (VP be (VP processed and returned (NP *-2)))))))) .)) (TOP (S (S (NP-SBJ Black-and-white film) (VP costs (NP consumers) (NP (NP (NP-ADV a little) less) (PP than (NP color film))))) , and (S (NP-SBJ processing) (VP costs (NP the same))) .)) (TOP (S But (PP for (NP photofinishers)) , (NP-SBJ (NP developing costs) (PP for (NP black-and-white film))) (VP are (ADJP-PRD higher)) .)) (TOP (S (NP-SBJ-1 Some companies) (VP are (VP starting (S (NP-SBJ *-1) (VP to (VP tackle (NP that problem)))))) .)) (TOP (S (NP-SBJ Ilford) , (PP for (NP example)) , (VP (ADVP-TMP recently) introduced (NP (NP a black-and-white film) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP can (VP be (VP processed (NP *-1) (ADVP-MNR quickly) (PP by (NP-LGS color labs))))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (ADJP-PRD Intent (PP on (S-NOM (NP-SBJ *-2) (VP wooing (NP customers)))))) , (NP-SBJ-1 the company) (VP is (VP (ADVP also) increasing (NP (NP its sponsorship) (PP of (NP black-and-white photography classes))))) .)) (TOP (S (ADVP Similarly) , (NP-SBJ-1 Agfa) (VP is (VP sponsoring (NP (NP scores) (PP of (NP (NP photography contests) (PP-LOC at (NP (NP high schools) and (NP colleges)))))) , (S-ADV (NP-SBJ *-1) (VP offering (NP free black-and-white film and paper) (PP-CLR as (NP prizes)))))) .)) (TOP (S And (NP-SBJ Kodak) (VP is (VP distributing (NP (NP an instructional video) (PP *ICH*-1)) (PP-CLR to (NP processors)) (PP-1 on (SBAR (WHADVP-2 how) (S (NP-SBJ *) (VP to (VP develop (NP its monochrome film) (ADVP-MNR more efficiently) (ADVP-MNR *T*-2)))))))) .)) (TOP (S (NP-SBJ Other companies) (VP are (VP introducing (NP related products))) .)) (TOP (S (NP-SBJ (NP Charles Beseler Co.) , (NP (NP a leading maker) (PP of (NP photographic enlargers))) ,) (VP introduced (NP-TMP last month) (NP (NP a complete darkroom starter kit) (VP targeted (NP *) (PP-CLR at (NP (NP teen-agers) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP want (S (NP-SBJ *-2) (VP to (VP process (NP their own black-and-white photographs)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The kit) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP (VP has (NP (NP a suggested retail price) (PP of (NP $ 250 *U*)))) and (VP has (ADVP already) (VP become (NP-PRD a bestseller)))))) ,) (VP was (VP introduced (NP *-1) (SBAR-TMP after (S (NP-SBJ retailers) (VP noticed (NP (NP numerous requests) (PP from (NP parents)) (PP for (NP (NP children 's) photography equipment)))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ It) (VP seems (SBAR 0 (S (NP-SBJ (NP computers) (PP as (NP hobbies))) (VP have (VP waned))))) , '') (VP says (S *T*-1)) (NP-SBJ (NP Ian Brightman) , (NP (NP Beseler 's) (NX (NX chairman) and (NX chief executive officer)))) .)) (TOP (S But (NP-SBJ some industry observers) (VP believe (SBAR 0 (S (NP-SBJ (NP the resurgence) (PP of (NP black and white))) (VP is (NP-PRD only a fad))))) .)) (TOP (S (NP-SBJ They) (VP cite (NP (NP (NP the emergence) (PP of (NP still electronic photography))) , (S-NOM (NP-SBJ more newspapers) (VP turning (PP-CLR to (NP color)) (PP-LOC on (NP their pages)))) and (NP (NP measurable improvements) (PP-LOC in (NP (NP the quality) (PP of (NP color prints))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Black and white) (VP has n't (VP made (NP (NP the same quantum leaps) (PP-LOC in (NP technological development)) (PP as (NP color)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Butler) (PP of (NP the Rochester Institute))) .)) (TOP (S `` (NP-SBJ The color print) (NP-TMP today) (VP is (ADJP-PRD (ADJP far superior) (PP to (NP (NP prints) (PP of (ADVP-TMP (NP 10 years) ago)))))) .)) (TOP (S (NP-SBJ You) (VP ca n't (VP say (NP the same) (PP with (NP black and white)))) . '')) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP Popular Photography) , (NP (NP a leading magazine) (PP for (NP photographers))) ,) (VP selected (NP (NP 15) (PP of (NP (NP the greatest photos) (VP (ADVP-TMP ever) made (NP *))))) (PP-CLR for (NP (NP its latest issue) (VP celebrating (NP (NP photography 's) 150th anniversary)))) (ADVP-TMP *T*-1)))) , (NP-SBJ all) (VP were (NP-PRD black and white)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP (VP 's (VP got (NP a classic spirit))) and (VP carries (PRT over) (ADVP-MNR emotionally)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Alfred DeBat) (PP of (NP (NP Professional Photographers) (PP of (NP America))))) .)) (TOP (S `` (NP-SBJ That) (VP 's (NP-PRD the appeal)) .)) (TOP (S (NP-SBJ McClatchy Newspapers Inc.) (VP said (SBAR 0 (S (NP-SBJ (NP improvements) (PP in (NP advertising and subscription revenue))) (VP led (PP-CLR to (NP (NP a (ADJP 21 %) gain) (PP in (NP third-quarter profit)) (PP-DIR to (NP (NP (QP $ 8.8 million) *U*) , or (NP (NP 31 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 7.2 million) *U*) , or (NP (NP 25 cents) (NP-ADV a share)))))))))) .)) (TOP (S (NP-SBJ Sales) (VP rose (NP (QP more than 7) %) (PP-DIR to (NP (QP $ 94.9 million) *U*)) (PP-DIR from (NP (QP $ 88.3 million) *U*))) .)) (TOP (S (NP-SBJ The (NAC-LOC Sacramento , Calif. ,) company) (VP (ADVP also) attributed (NP improved performance) (PP-CLR to (NP (NP a lower effective tax rate) and (NP higher interest income)))) .)) (TOP (S (PP-TMP For (NP the nine months)) , (NP-SBJ the newspaper chain) (VP had (NP (NP almost a (ADJP 23 %) increase) (PP in (NP profit)) (PP-DIR to (NP (NP (QP $ 23.6 million) *U*) , or (NP (NP 83 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 19.2 million) *U*) , or (NP (NP 68 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Sales) (VP grew (NP-EXT (QP almost 7) %) (PP-DIR to (NP (QP $ 279.1 million) *U*)) (PP-DIR from (NP (QP $ 261.3 million) *U*))) .)) (TOP (S (NP-SBJ McClatchy) (VP publishes (NP (NP the (NAC-LOC Sacramento -LRB- Calif . -RRB-) Bee) and (NP (NAC-LOC Tacoma -LRB- Wash . -RRB-) News Tribune) , and (NP (NP other papers) (PP-LOC in (NP Western states))))) .)) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ the company) (VP closed (PP-CLR at (NP (NP $ 25.25 *U*) (NP-ADV a share))) , (ADVP down (NP 25 cents))) .)) (TOP (S (NP-SBJ (NP (NP Agip S.p . A.) and (NP Societe National Elf Aquitaine)) , (NP (NP the state oil companies) (PP of (NP Italy and France)) , (ADVP respectively)) ,) (VP submitted (NP an offer (S (NP-SBJ *) (VP to (VP buy (NP Gatoil Suisse S.A)))))) .)) (TOP (S (NP-SBJ-1 The price) (VP was n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP Gatoil))) (VP said (SBAR that (S (NP-SBJ the Swiss oil concern) (VP was (VP examining (NP (NP the offer) (PRN , (VP submitted (NP *) (NP-TMP last Friday)) ,) (PP along (PP with (NP (NP two other offers) , (VP (ADVP also) submitted (NP *) (NP-TMP last week))))))))))) .)) (TOP (S (S (NP-SBJ Those two offers) (VP were (ADJP-PRD private))) and (S (NP-SBJ-1 the spokesman) (VP refused (S (NP-SBJ *-1) (VP to (VP identify (NP the bidding companies)))))) .)) (TOP (S (NP-SBJ The spokesman) (VP (ADVP further) said (SBAR that (S (NP-SBJ-1 (NP (QP at least two more) offers) (PP *ICH*-2)) (VP are (VP expected (NP *-1) (PP-2 from (NP other companies)) (PP-TMP within (NP two weeks))))))) .)) (TOP (S (NP-SBJ Gatoil Suisse) (VP owns (NP (NP an oil refinery) (PP-LOC in (NP Switzerland)) (PP with (NP (NP a capacity) (PP of (NP (NP 70,000 barrels) (NP-ADV a day)))))) , (PP along (PP with (NP (NP a network) (PP of (NP gasoline retailing outlets)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP Friday 's) plunging stock market) (VP prompted (NP (NP new fears) (PP about (NP (NP the economy 's) prospects)))))) , (NP-SBJ (NP a little-known indicator) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP (ADVP-MNR faithfully) foreshadowed (NP (NP the economy 's) ups and downs) (PP by (NP (ADJP exceptionally long) lead times))))))) (VP points (PP-CLR to (NP (NP a sustained rise) (PP in (NP overall business activity))))) .)) (TOP (S (S (NP-SBJ (NP The barometer) , (VP developed (NP *) (PP by (NP-LGS (NP analysts) (PP-LOC at (NP (NP (NP Columbia University 's) Center) (PP for (NP International Business Cycle Research)))))) (ADVP-LOC here)) ,) (VP reached (NP (NP a record high) (PP of (NP 223.0))) (PP-TMP in (NP (NP August) , (NP (NP the latest month) (ADJP available)) ,)))) and (S (NP-SBJ the Columbia researchers) (VP estimate (SBAR that (S (NP-SBJ it) (VP has (VP moved (ADVP-DIR even higher) (PP-TMP since (NP then)))))))) .)) (TOP (S (NP-SBJ (NP The latest reading) (PP of (NP 223.0))) (VP was (ADVP-PRD up (PP (PP from (NP-1 222.3) (PP-TMP-2 in (NP July))) and (PP (NP=1 215.3) (ADVP-TMP=2 (ADVP as recently) (PP as (NP March))))))) .)) (TOP (S (NP-SBJ The August rise) (VP marked (NP (NP the fifth straight monthly gain) (PP for (NP (NP the indicator) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP uses (NP the 1967 average) (PP-CLR as (NP (NP a base) (PP of (NP 100))))))))))) .)) (TOP (S (PP In (NP contrast)) , (NP-SBJ-1 (NP (NP the Commerce Department 's) (ADJP widely followed) index) (PP of (NP leading indicators))) , (SBAR-ADV while (FRAG (ADVP up (PP-TMP in (NP August))))) , (VP has (VP fallen (ADVP-TMP repeatedly) (PP-TMP since (S-NOM (NP-SBJ *-1) (VP reaching (NP a high) (NP-TMP early this year)))))) .)) (TOP (S (NP-SBJ (NP Its ragged behavior) (PP through (NP (NP much) (PP of (NP 1989))))) (VP has (VP prompted (S (NP-SBJ some forecasters) (VP to (VP anticipate (NP (NP the start) (PP of (NP a new recession))) (PP-TMP perhaps before (NP (NP year 's) end))))))) .)) (TOP (SINV (S-TPC-1 But (NP-SBJ (NP the (ADJP far stronger) showing) (PP of (NP the Columbia index))) (VP `` makes (S (NP-SBJ (NP a recession) (NP-TMP any time soon)) (ADJP-PRD highly unlikely)) , '')) (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Geoffrey H. Moore) , (NP (NP the director) (PP of (NP the Columbia facility)))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (NP-PRD (NP A leading authority) (PP on (NP the business cycle)))) , (NP-SBJ-2 Mr. Moore) (VP (ADVP also) is (NP-PRD (NP a member) (PP of (NP (NP the Business Cycle Dating Group) , (NP (NP the panel) (PP of (NP private economists)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP decides (PP for (NP the government)) (SBAR (WHADVP-3 when) (S (NP-SBJ expansions and recessions) (VP begin and end (ADVP-TMP-CLR *T*-3)))))))))))) .)) (TOP (S (NP-SBJ The group) (VP (ADVP normally) convenes (SBAR-TMP only (WHADVP-1 when) (S (NP-SBJ (NP a change) (PP in (NP (NP the economy 's) general course))) (VP seems (ADJP-PRD likely) (ADVP-TMP *T*-1))))) .)) (TOP (S (S-TPC-2 `` (NP-SBJ-1 No meeting) (VP is (VP scheduled (NP *-1) (SBAR-PRP because (S (NP-SBJ the expansion) (VP shows (NP (NP no sign) (PP of (S-NOM (NP-SBJ *) (VP going (PP-DIR off (NP the tracks))))))))))) , '') (NP-SBJ Mr. Moore) (VP reports (S *T*-2)) .)) (TOP (S (S-ADV (NP-SBJ-1 *) (VP Based (NP *-1) (ADVP largely) (PP-CLR on (NP (NP the recent strength) (PP in (NP (NP their index) , (VP called (S (NP-SBJ *) (NP-PRD the long leading indicator))))))))) , (NP-SBJ the Columbia analysts) (VP foresee (NP (ADJP uninterrupted economic) growth) (PP-TMP through (NP (NP (NP the rest) (PP of (NP this year))) and (NP (NP next year) (ADVP as well))))) .)) (TOP (S (NP-SBJ They) (VP expect (NP (NP a (ADJP 2.6 %) rise) (PP-TMP in (NP 1990)) (PP in (NP the gross national product))) , (PP-TMP after (NP (NP adjustment) (PP for (NP inflation))))) .)) (TOP (SINV (VP-TPC-1 Underlying (NP this optimism)) (VP is (VP *T*-1)) (NP-SBJ (NP the index 's) longstanding ability (S (NP-SBJ *) (VP to (VP signal (NP recessions or recoveries) (PRN , (SBAR-ADV as (S (NP-SBJ the case) (VP may (VP be (NP-PRD *?*))))) ,) (PP by (NP (NP (ADJP substantially greater) periods) (PP than (NP (NP (NP the Commerce Department 's) index) (PP of (NP leading indicators)))))))))) .)) (TOP (S (PP Over (NP the full post-World War II era)) , (NP-SBJ the Columbia index) , (PP on (NP the average)) , (VP has (VP (VP entered (NP sustained declines) (NP-TMP (NP 14 months) (PP before (NP (NP the onset) (PP of (NP recessions)))))) and (VP turned (PRT up) (NP-TMP (NP eight months) (PP before (NP recoveries)))))) .)) (TOP (S (NP-SBJ (NP The comparable lead times) (PP for (NP (NP the Commerce index) , (SBAR (WHNP-1 whose components) (S (NP-SBJ *T*-1) (VP include (NP the stock market)))) ,))) (VP are (ADJP-PRD far shorter) -- (NP-TMP (NP (NP 10 months) (PP before (NP recessions))) and (NP (NP only three months) (PP before (NP recoveries))))) .)) (TOP (S (NP-SBJ The Columbia economists) (ADVP also) (VP have (VP reconstructed (SBAR (WHADVP-2 how) (S (NP-SBJ the long leading index) (VP would (VP have (VP behaved (ADVP-MNR *T*-2) , (SBAR-ADV (SINV had (NP-SBJ it) (VP existed))) (PRN , (PP-TMP in (NP 1929)) ,) (PP-TMP before (NP (NP the stock market crash) (PP-TMP in (NP October)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP ushered (PRT in) (NP the Great Depression))))))))))))) .)) (TOP (S (NP-SBJ The indicator) (VP (VP reached (NP a peak) (PP-TMP in (NP January 1929))) and (VP (ADVP-TMP then) fell (ADVP-MNR steadily) (PP-TMP (PP up (PP to (NP *RNR*-1))) and (PP through (NP *RNR*-1)) (NP-1 the crash)))) .)) (TOP (S (S-TPC-2 `` (NP-SBJ It) (VP was (NP-PRD (NP an entirely different pattern) (PP from (SBAR-NOM (WHNP-1 what) (S (NP-SBJ we) (VP 're (VP seeing (NP *T*-1) (ADVP-TMP now)))))))) , '') (NP-SBJ Mr. Moore) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ (NP A major source) (PP of (NP (NP the recent strength) (PP in (NP the long leading indicator))))) (VP has (VP been (NP-PRD (NP the performance) (PP of (NP (NP the Dow Jones corporate bond-price index) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is not (NP-PRD (NP a part) (PP of (NP the Commerce index))))))))))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ the bond measure) (VP was (PP-PRD at (NP its (ADJP highest monthly) average)) (PP-TMP since (NP early 1987))) .)) (TOP (S (NP-SBJ It) (VP (ADVP also) rose (NP-TMP last Friday) , (SBAR-ADV while (S (NP-SBJ the stock market) (VP sagged)))) .)) (TOP (S (NP-SBJ (NP Other components) (PP of (NP the long leading indicator))) (VP include (NP (NP (NP a ratio) (PP of (NP (NP prices) (PP to (NP (NP unit labor costs) (PP-LOC in (NP manufacturing industries))))))) , (NP (NP the M2 version) (PP of (NP the money supply)) , (VP adjusted (NP *) (PP-CLR for (NP inflation)))) , and (NP (NP the volume) (PP of (NP new home-building permits))))) .)) (TOP (SINV (ADJP-PRD-TPC-2 Notably absent (PP from (NP the Columbia index))) (VP is (ADJP-PRD *T*-2)) (NP-SBJ (NP the stock market) , (SBAR (WHNP-1 which) (S (NP-SBJ Mr. Moore) (VP says (SBAR 0 (S `` (NP-SBJ *T*-1) (VP is (ADVP simply) (NP-TMP no longer) (NP-PRD (NP such a good indicator) (PP of (NP (NP the economy 's) long-range prospects))) , (SBAR-ADV though (S (NP-SBJ it) (ADVP-TMP still) (VP is (ADJP-PRD useful (PP for (S-NOM (NP-SBJ *) (VP anticipating (NP some short-run twists and turns))))))))))))))) . '')) (TOP (S (ADVP-TMP (ADVP As recently) (PP as (NP 1975))) , (NP-SBJ-1 (NP the stock market) (PRN -- (SBAR as (S (NP-SBJ-3 *) (VP reflected (NP *-3) (PP-LOC in (NP (NP the (NP Standard & Poor 's) index) (PP of (NP 500 common stocks))))))) --)) (VP was (VP rated (NP *-1) (PP by (NP-LGS (NP the National Bureau) (PP of (NP Economic Research)))) (PP-CLR as (NP (NP the best) (PP of (NP (NP the 12 leading indicators) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP (ADVP-TMP then) made (PRT up) (NP the Commerce index)))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP was (VP assigned (NP *-1) (NP (NP a mark) (PP of (NP (NP 80) (PP out (PP of (NP a possible 100)))))) , (PP compared (PP with (NP (NP scores) (VP ranging (ADVP (ADVP as low) (PP as (NP 69)))) (PP for (NP the other components))))))) .)) (TOP (S-1 (NP-SBJ The stock market) (VP has (VP lost (NP some precursory power) , (PRN (S (NP-SBJ (NP analysts) (PP-LOC at (NP the Columbia center))) (VP claim (SBAR 0 (S *T*-1))))) , (PP-PRP because of (NP (NP the growing impact) (PP of (NP international developments)))))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ Stocks) (VP have (VP become (ADJP-PRD (ADJP more sensitive) (PP to (NP (NP factors) (VP not (ADVP directly) tied (NP *) (PP-CLR to (NP the domestic economy)))))))) , '') (NP-SBJ-2 Mr. Moore) (VP says (S *T*-1) , (S-ADV (NP-SBJ *-2) (VP citing (NP (NP (NP the exchange rate) (PP for (NP the dollar)) (PP-LOC on (NP currency markets))) , (NP the foreign-trade balance) and (NP (NP inflows) (PP of (NP foreign capital))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP feels (SBAR that (S (NP-SBJ (NP the rise) (PP of (NP (NP (ADJP such computer-based) practices) (PP as (NP program trading))))) (VP has (VP diminished (NP (NP (NP the stock market 's) relevancy) (PP to (NP the economic outlook)))))))) .)) (TOP (S (NP-SBJ (NP BSN S.A.) , (NP a leading French food group) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP Birkel G.m.b . H.) , (NP a (ADJP West German) pasta maker))))))))) .)) (TOP (S (NP-SBJ-1 (NP The value) (PP of (NP the acquisition))) (VP was n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ The move) (VP is (PP-PRD in (NP (NP line) (PP with (NP (NP (NP BSN 's) strategy) (PP of (S-NOM (NP-SBJ *) (VP (ADVP gradually) building (NP (NP its share) (PP of (NP the European pasta market))) (PP-MNR through (NP external growth)))))))))) .)) (TOP (S (NP-SBJ BSN) (VP will (VP (ADVP initially) acquire (NP (NP a (ADJP 15 %) interest) (PP in (NP (NP Birkel) , (NP a (ADJP closely held) concern)))))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ The French group) (VP has (NP (NP an agreement) (VP giving (NP it) (NP the right (S (NP-SBJ *) (VP to (VP buy (NP (NP all the shares) (ADJP outstanding)))))))))) , and (S (NP-SBJ-1 this) (VP could (VP be (VP completed (NP *-1) (PP-TMP within (NP a few months)))))) ,) (NP-SBJ a BSN spokeswoman) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The takeover) (VP was (VP submitted (NP *-1) (PP-CLR for (NP approval)) (PP by (NP-LGS the (ADJP West German) cartel office))))) , (NP-SBJ BSN) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Birkel) (VP is (NP-PRD (NP (NP West Germany 's) second-biggest producer) (PP of (NP pasta))) , (PP with (NP (NP sales) (PP of (NP (NP (QP 250 million) marks) (PRN -LRB- (NP (QP $ 133.4 million) *U*) -RRB-))) (PP-TMP in (NP 1988))))) .)) (TOP (S (NP-SBJ It) (VP (VP has (NP 750 workers) (PP at (NP (NP three production units) (PP-LOC in (NP southwest Germany))))) , and (VP is (NP-PRD (NP (NP that nation 's) leading producer) (PP of (NP pasta sauces))))) .)) (TOP (S (NP-SBJ The acquisition) (VP strengthens (NP (NP (NP BSN 's) position) (PP-LOC in (NP the European pasta market)))) .)) (TOP (S (NP-SBJ The French group) (VP (ADVP-TMP currently) ranks (ADVP-CLR second (PP after (NP (NP (NP Barilla Group) (PP of (NP Italy))) , (NP (SBAR (WHNP-1 whose sales) (S (NP-SBJ *T*-1) (VP are (ADVP chiefly) (PP-LOC-PRD in (NP the Italian market)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Moody 's) Investors Service Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP reduced (NP (NP its rating) (PP on (NP (NP (QP $ 281 million) *U*) (PP of (NP (NP senior and subordinated debt) (PP of (NP this thrift holding company))))))) , (PP-DIR to (NP C)) (PP-DIR from (NP Ca)) ,))) (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ it) (VP believes (SBAR 0 (S (NP-SBJ bondholders) (VP will (VP recover (NP only `` negligible principal))))))))))) . '')) (TOP (S (NP-SBJ The agency) (VP said (SBAR 0 (S (NP-SBJ it) (VP confirmed (NP (NP American Continental 's) preferred stock rating) (PP at (NP C)))))) .)) (TOP (S (S (NP-SBJ (NP (NP American Continental 's) thrift unit) , (NP (ADJP Los Angeles-based) Lincoln Savings & Loan Association) ,) (VP is (PP-PRD in (NP receivership)))) and (S (NP-SBJ the parent company) (VP has (VP filed (PP-CLR for (NP (NP protection) (PP from (NP creditor lawsuits)))) (PP-MNR under (NP (NP Chapter 11) (PP of (NP the federal Bankruptcy Code))))))) .)) (TOP (NP-HLN (NP CENTRUST SAVINGS BANK) (PRN -LRB- (NP-LOC Miami) -RRB-) --)) (TOP (S (NP-SBJ (NP Moody 's) Investors Service Inc.) (VP downgraded (NP (NP its ratings) (PP on (NP (NP the subordinated debt) (PP of (NP CenTrust))))) (PP-DIR to (NP Caa)) (PP-DIR from (NP B-3))) .)) (TOP (S (NP-SBJ The rating agency) (VP (VP (ADVP also) reduced (NP (NP the ratings) (PP-1 for (NP long-term deposits))) (PP-DIR-2 to (NP B-3)) (PP-DIR-3 from (NP Ba-3))) and (VP (PP=1 for (NP preferred stock)) (PP-DIR=2 to (NP Ca)) (PP-DIR=3 from (NP Caa)))) .)) (TOP (S (NP-SBJ The rating agency) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (QP about $ 85 million) *U*) (PP in (NP securities))) (VP was (VP affected (NP *-1)))))) .)) (TOP (S-2 (NP-SBJ-1 The downgrades) (VP were (VP prompted (NP *-1) , (PRN (S (NP-SBJ Moody 's) (VP said (SBAR 0 (S *T*-2))))) , (PP by (NP-LGS (NP (NP the continuing turmoil) (PP-LOC in (NP the junk bond market))) and (NP (NP the suspension) (PP of (NP (NP dividends) (PP on (NP (NP CenTrust 's) preferred stock))))))))) .)) (TOP (S (NP-SBJ Moody 's) (VP (ADVP also) said (SBAR 0 (S (NP-SBJ it) (VP believed (SBAR 0 (S (NP-SBJ (NP the proposed sale) (PP of (NP 63 CenTrust branches)) (PP to (NP Great Western Bank))) (VP could (PRN , (SBAR-ADV if (S (NP-SBJ-1 *) (VP completed (NP *-1)))) ,) (VP endanger (NP (NP the thrift 's) funding and market position))))))))) .)) (TOP (S (NP-SBJ THE STOCK MARKET) (VP AVOIDED (NP (NP a repeat) (PP of (NP Black Monday))) (SBAR-ADV as (S (NP-SBJ-1 prices) (VP recovered (PP-CLR from (NP an early slide)) , (S-ADV (NP-SBJ-2 *-1) (VP spurred (NP *-2) (PP by (NP-LGS (NP bargain-hunting institutions) and (NP program traders))))))))) .)) (TOP (S (NP-SBJ-1 The Dow Jones industrials) (VP closed (ADVP-CLR up (NP 88.12 points)) , (PP at (NP (NP 2657.38) , (NP (NP the fourth-biggest gain) (ADVP-TMP ever)) ,)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP being (ADVP-PRD down (NP (QP as much as 63.52) points)) (PP-TMP in (NP the morning)))))) .)) (TOP (S (S (NP-SBJ The rally) (VP erased (NP (NP (QP about half)) (PP of (NP (NP Friday 's) 190.58-point plunge))))) , but (S (NP-SBJ analysts) (VP are (ADJP-PRD cautious (PP about (NP (NP the market 's) outlook))))) .)) (TOP (S (NP-SBJ The dollar) (ADVP also) (VP rebounded , (SBAR-ADV while (S (S (NP-SBJ bond prices) (VP plummeted)) and (S (NP-SBJ Treasury bill rates) (VP soared))))) .)) (TOP (S (NP-SBJ Junk bonds) (VP (ADVP also) recovered (ADVP somewhat) , (SBAR-ADV though (S (NP-SBJ trading) (VP remained (ADJP-PRD stalled))))) .)) (TOP (S (NP-SBJ Gold) (VP (ADVP also) rose) .)) (TOP (S (NP-SBJ Tokyo stock prices) (VP bounced (ADVP-CLR back) (PP-TMP in (NP (NP early trading) (NP-TMP Tuesday))) (S-ADV (NP-SBJ *) (VP following (NP (NP a (ADJP 1.8 %) plunge) (PP-TMP on (NP Monday)))))) .)) (TOP (S (NP-SBJ The dollar) (VP (ADVP also) moved (ADVP-DIR higher) (PP-LOC in (NP Tokyo))) .)) (TOP (S (NP-SBJ Donald Trump) (VP withdrew (NP (NP his (ADJP (QP $ 7.54 billion) *U*) offer) (PP for (NP American Air))) , (S-ADV (NP-SBJ *) (VP citing (NP (NP the `` recent change) (PP in (NP market conditions)))))) . '')) (TOP (S (NP-SBJ AMR) (VP slid (NP-EXT $ 22.125 *U*) , (PP-DIR to (NP $ 76.50 *U*))) .)) (TOP (S (ADVP Also) , (NP-SBJ-1 a UAL group) (VP tried (S (NP-SBJ *-1) (VP to (VP get (NP financing) (PP for (NP (NP a lower bid) , (NP (NP possibly $ 250 *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ UAL) (VP fell (NP-EXT $ 56.875 *U*) , (PP-DIR to (NP $ 222.875 *U*))) .)) (TOP (S (NP-SBJ (NP Leveraged buy-outs) (PP of (NP airlines))) (VP would (VP be (ADJP-PRD subject (PP to (NP (NP approval) (PP by (NP the transportation secretary))))) (PP under (NP (NP a bill) (VP passed (NP *) (PP by (NP-LGS a House subcommittee))))))) .)) (TOP (S (NP-SBJ (NP IBM 's) earnings) (VP tumbled (NP-EXT (NP 30 %) (ADJP *ICH*-1)) (PP-TMP in (NP the third quarter)) , (ADJP-1 (ADJP slightly more) (PP than (VP expected)))) .)) (TOP (S (NP-SBJ The computer giant) (VP (ADVP partly) cited (NP (NP a stronger dollar) and (NP (NP a delay) (PP in (S-NOM (NP-SBJ *) (VP shipping (NP a new high-end disk drive))))))) .)) (TOP (S (NP-SBJ Analysts) (VP are (ADJP-PRD downbeat (PP about (NP (NP (NP IBM 's) outlook) (PP for (NP the next few quarters)))))) .)) (TOP (S (NP-SBJ-1 U.S. auto makers) (VP plan (S (NP-SBJ *-1) (VP to (VP decrease (NP car production) (NP-EXT 10.4 %) (PP-TMP in (NP the fourth quarter)) , (PP with (S-NOM (NP-SBJ virtually all the decline) (VP coming (PP-CLR from (NP the Big Three))))))))) .)) (TOP (S (NP-SBJ (NP Output) (PP-LOC at (NP (NP (ADJP Japanese-owned and managed) plants) (PP-LOC in (NP the U.S.))))) (VP is (ADJP-PRD due (S (NP-SBJ *) (VP to (VP rise (NP-EXT 42 %)))))) .)) (TOP (S (NP-SBJ Budget director Darman) (VP said (SBAR 0 (S (NP-SBJ he) (VP wo n't (VP give (NP federal agencies) (NP (NP much leeway) (PP in (S-NOM (NP-SBJ *) (VP coping (PP-CLR with (NP (NP Gramm-Rudman spending cuts) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP took (NP-CLR effect) (NP-TMP yesterday))))))))))))))) .)) (TOP (S (NP-SBJ-1 Darman) (VP hopes (S (NP-SBJ *-1) (VP to (VP prod (S (NP-SBJ Congress) (VP to (VP finish (NP a deficit plan)))))))) .)) (TOP (S (NP-SBJ-1 The S&L bailout agency) (VP would (VP be (VP restricted (NP *-1) (PP by (NP-LGS a new bill)) (PP in (SBAR (WHADVP-2 how) (S (NP-SBJ it) (VP raises (NP capital) (ADVP-MNR *T*-2)))))))) .)) (TOP (S (NP-SBJ The Ways and Means plan) (VP would (VP create (NP (NP another possible obstacle) (PP to (S-NOM (NP-SBJ *) (VP selling (NP sick thrifts))))))) .)) (TOP (S (NP-SBJ-1 A natural gas rule) (VP was (VP struck (PRT down) (NP *-1) (PP by (NP-LGS a federal appeals court)))) .)) (TOP (S (NP-SBJ The regulation) (VP had (VP prevented (NP-1 pipeline firms) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP passing (NP (NP part) (PP of (NP (NP (QP $ 1 billion) *U*) (PP in (NP costs))))) (PP-CLR along (PP to (NP customers)))))))) .)) (TOP (S (NP-SBJ-2 The Supreme Court) (VP agreed (S (NP-SBJ *-2) (VP to (VP decide (SBAR whether (S (NP-SBJ a federal court) (VP may (VP dismantle (NP (NP a merger) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP (VP has (VP won (NP regulatory approval))) but (VP been (VP ruled (S (NP-SBJ *-3) (ADJP-PRD anticompetitive)) (PP-LOC in (NP a private suit)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Merrill Lynch 's) profit) (VP slid (NP-EXT 37 %) (PP-TMP in (NP the third quarter))) .)) (TOP (S (NP-SBJ Bear Stearns) (VP posted (NP a (ADJP 7.5 %) gain) , (SBAR-ADV while (S (NP-SBJ PaineWebber) (VP had (NP (NP a decline) (ADJP due (PP to (NP a year-ago gain)))))))) .)) (TOP (S (NP-SBJ-1 (NP Blue Arrow) (PP of (NP Britain))) (VP plans (S (NP-SBJ *-1) (VP to (VP (VP return (PP-CLR to (NP the name Manpower))) and (VP take (NP a big write-off)))))) .)) (TOP (S (NP-SBJ The moves) (VP may (VP help (S (NP-SBJ the firm) (VP solidify (NP (NP its dominance) (PP of (NP the U.S. temporary-help market))))))) .)) (TOP (S (NP-SBJ J.P. Morgan) (VP posted (NP (NP a (ADJP (QP $ 1.82 billion) *U*) loss) (PP for (NP the third quarter))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP a big addition) (PP to (NP loan-loss reserves)))))) .)) (TOP (S (NP-SBJ (NP NCNB 's) profit) (VP (ADVP more than) doubled) .)) (TOP (S (NP-SBJ-1 K mart) (VP agreed (S (NP-SBJ *-1) (VP to (VP acquire (NP Pace Membership Warehouse) (PP for (NP (QP $ 322 million) *U*))))) , (S-ADV (NP-SBJ *-1) (VP expanding (NP (NP its presence) (PP-LOC in (NP the growing wholesale-store business)))))) .)) (TOP (NP-HLN Markets --)) (TOP (NP (NP Stocks) : (NP (NP Volume) (NP 416,290,000 shares)) .)) (TOP (NP (NP (NP Dow Jones industrials) (NP (NP 2657.38) , (ADVP up (NP 88.12)))) ; (NP (NP transportation) (NP (NP 1304.23) , (ADVP off (NP 102.06)))) ; (NP (NP utilities) (NP (NP 214.73) , (ADVP up (NP 2.77)))) .)) (TOP (NP (NP Bonds) : (NP (NP Shearson Lehman Hutton Treasury index) (NP (NP 3393.51) , (ADVP off))))) (TOP (NP (NP Commodities) : (NP (NP (NP Dow Jones futures index) (NP (NP 129.72) , (ADVP off (NP 0.15)))) ; (NP (NP spot index) (NP (NP 130.16) , (ADVP up (NP 0.91))))) .)) (TOP (NP (NP Dollar) : (NP (NP (NP 141.85 yen) , (ADVP off (NP 0.25))) ; (NP (NP 1.8685 marks) , (ADVP off (NP 0.0055)))) .)) (TOP (NP-TMP (NP Monday) , (NP October 16 , 1989))) (TOP (S (NP-SBJ (NP The key (UCP U.S. and foreign) annual interest rates) (ADVP-LOC below)) (VP (VP are (NP-PRD (NP a guide) (PP to (NP general levels)))) but (VP do n't (ADVP-TMP always) (VP represent (NP actual transactions)))) .)) (TOP (NP (NP PRIME RATE) : (NP (QP 10 1) %) .)) (TOP (NP (NP The base rate) (PP on (NP corporate loans)) (PP-LOC at (NP large U.S. money center commercial banks)) .)) (TOP (NP (NP FEDERAL FUNDS) : (NP (NP (NP (QP 8 3) %) (ADJP high)) , (NP (NP (QP 8 1) %) (ADJP low)) , (NP (NP (QP 8 5) %) (PP near (NP closing bid))) , (NP (NP (QP 8 3) %) (VP offered (NP *)))) .)) (TOP (S (NP-SBJ Reserves) (VP traded (PP-LOC among (NP commercial banks)) (PP for (NP overnight use)) (PP-MNR in (NP (NP amounts) (PP of (NP (QP $ 1 million) *U* (QP or more)))))) .)) (TOP (NP (NP Source) : (NP Fulton Prebon -LRB- U.S.A . -RRB- Inc) .)) (TOP (NP (NP DISCOUNT RATE) : (NP 7 %) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP depository institutions)) (PP by (NP the New York Federal Reserve Bank)))) .)) (TOP (NP (NP CALL MONEY) : (NP (QP 9 3 % to 10 %) *U*) .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP brokers)) (PP on (NP stock exchange collateral)))) .)) (TOP (NP (NP (NP COMMERCIAL PAPER) (VP placed (NP *) (ADVP-MNR directly) (PP by (NP-LGS General Motors Acceptance Corp.)))) : (NP (NP (NP 8.30 %) (NP (QP 5 to 44) days)) ; (NP (NP 8.20 %) (NP (QP 45 to 59) days)) ; (NP (NP 8 %) (NP (QP 60 to 89) days)) ; (NP (NP 7.875 %) (NP (QP 90 to 119) days)) ; (NP (NP 7.75 %) (NP (QP 120 to 149) days)) ; (NP (NP 7.625 %) (NP (QP 150 to 179) days)) ; (NP (NP 7.375 %) (NP (QP 180 to 270) days))) .)) (TOP (NP (NP COMMERCIAL PAPER) : (NP (NP (NP (ADJP High-grade unsecured) notes) (VP sold (NP *) (PP-MNR through (NP dealers)) (PP by (NP-LGS major corporations)) (PP in (NP (NP multiples) (PP of (NP $ 1,000 *U*)))))) : (NP (NP (NP 8.40 %) (NP 30 days)) ; (NP (NP 8.33 %) (NP 60 days)) ; (NP (NP 8.26 %) (NP 90 days)))) .)) (TOP (NP (NP (NP CERTIFICATES) (PP OF (NP DEPOSIT))) : (NP (NP (NP 8.05 %) (NP one month)) ; (NP (NP 8.02 %) (NP two months)) ; (NP (NP 8 %) (NP three months)) ; (NP (NP 7.98 %) (NP six months)) ; (NP (NP 7.95 %) (NP one year))) .)) (TOP (NP (NP Average) (PP of (NP (NP top rates) (VP paid (NP *) (PP by (NP-LGS major New York banks)) (PP on (NP (NP (ADJP primary new) issues) (PP of (NP negotiable C.D.s)))) , (PP usually on (NP (NP amounts) (PP of (NP (QP $ 1 million) *U* (QP and more) ))))))) .)) (TOP (S (NP-SBJ The minimum unit) (VP is (NP-PRD $ 100,000 *U*)) .)) (TOP (NP (NP (NP Typical rates) (PP-LOC in (NP the secondary market))) : (NP (NP (NP 8.40 %) (NP one month)) ; (NP (NP 8.40 %) (NP three months)) ; (NP (NP 8.40 %) (NP six months))) .)) (TOP (NP (NP BANKERS ACCEPTANCES) : (NP (NP (NP 8.40 %) (NP 30 days)) ; (NP (NP 8.35 %) (NP 60 days)) ; (NP (NP 8.27 %) (NP 90 days)) ; (NP (NP 8.20 %) (NP 120 days)) ; (NP (NP 8.15 %) (NP 150 days)) ; (NP (NP 8.02 %) (NP 180 days))) .)) (TOP (NP (NP (ADJP Negotiable , bank-backed) business credit instruments) (VP (ADVP typically) financing (NP an import order)) .)) (TOP (NP (NP LONDON LATE EURODOLLARS) : (NP (NP (NP (QP 8 5 % to 8 1 %) *U*) (NP one month)) ; (NP (NP (QP 8 5 % to 8 1 %) *U*) (NP two months)) ; (NP (NP (QP 8 9 % to 8 7 %) *U*) (NP three months)) ; (NP (NP (QP 8 1 % to 8 3 %) *U*) (NP four months)) ; (NP (NP (QP 8 1 % to 8 3 %) *U*) (NP five months)) ; (NP (NP (QP 8 1 % to 8 3 %) *U*) (NP six months))) .)) (TOP (NP (NP (NP LONDON INTERBANK OFFERED RATES) (PRN -LRB- (NP LIBOR) -RRB-)) : (NP (NP (NP (QP 8 1) %) (NP one month)) ; (NP (NP (QP 8 1) %) (NP three months)) ; (NP (NP (QP 8 7) %) (NP six months)) ; (NP (NP (QP 8 3) %) (NP one year))) .)) (TOP (NP (NP The average) (PP of (NP (NP interbank offered rates) (PP for (NP (NP dollar deposits) (PP-LOC in (NP the London market)))))) (VP based (NP *) (PP-CLR on (NP (NP quotations) (PP-LOC at (NP five major banks))))) .)) (TOP (NP (NP FOREIGN PRIME RATES) : (NP (NP (NP Canada) (NP 13.50 %)) ; (NP (NP Germany) (NP 8.50 %)) ; (NP (NP Japan) (NP 4.875 %)) ; (NP (NP Switzerland) (NP 8.50 %)) ; (NP (NP Britain) (NP 15 %))) .)) (TOP (S (S (NP-SBJ These rate indications) (VP are n't (ADJP-PRD directly comparable))) ; (S (NP-SBJ lending practices) (VP vary (ADVP-MNR widely) (PP by (NP location)))) .)) (TOP (NP (NP TREASURY BILLS) : (NP (NP (NP Results) (PP of (NP (NP the (NAC-TMP Monday , October 16 , 1989 ,) auction) (PP of (NP (NP short-term U.S. government bills) , (VP sold (NP *) (PP-CLR at (NP (NP a discount) (PP from (NP face value)))) (PP in (NP (NP units) (PP of (NP (QP $ 10,000 to $ 1 million) *U*)))))))))) : (NP (NP (NP 7.37 %) , (NP 13 weeks)) ; (NP (NP 7.42 %) , (NP 26 weeks)))) .)) (TOP (NP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP .) (PRN -LRB- (NP Freddie Mac) -RRB-)) : (NP (NP Posted yields) (PP on (NP 30-year mortgage commitments)) (PP for (NP (NP delivery) (PP within (NP 30 days.))))))) (TOP (NP (NP (NP 9.83 %) , (NP standard conventional fixedrate mortgages)) ; (NP (NP 7.875 %) , (NP (ADJP (ADJP 2 %) rate capped) one-year adjustable rate mortgages)) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION) (PRN -LRB- (NP Fannie Mae) -RRB-)) : (NP (NP (NP Posted yields) (PP on (NP 30 year mortgage commitments)) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days)))) (PRN -LRB- (VP priced (NP *) (PP-CLR at (NP par))) -RRB-)) (NP (NP (NP .9.82 %) , (NP standard conventional fixed rate-mortgages)) ; (NP (NP 8.70 %) , (NP 6 (ADJP rate capped) one-year adjustable rate mortgages)))) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP (NP MERRILL LYNCH READY ASSETS TRUST) : (NP 8.49 %) .)) (TOP (NP (NP (NP Annualized average rate) (PP of (NP return)) (PP-TMP after (NP expenses)) (PP-TMP for (NP the past 30 days))) ; (NP (NP not a forecast) (PP of (NP future returns))) .)) (TOP (S (NP-SBJ Intel Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP reached (NP (NP an agreement (S *ICH*-1)) (PP with (NP Alliant Computer Systems Corp.)) (S-1 (NP-SBJ *) (VP to (VP develop (NP software standards) (PP for (NP (NP Intel 's) i860 microprocessor)))))))))) .)) (TOP (S (NP-SBJ (NP The i860) , (VP introduced (NP *) (NP-TMP earlier this year)) ,) (VP is (NP-PRD (NP (NP Intel 's) entry) (PP in (NP (NP the crowded market) (PP for (NP reduced instruction set computing (PRN , or (NP RISC) ,) computers)))))) .)) (TOP (S (NP-SBJ (NP Intel) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Santa Clara) , (NP Calif.)))) ,) (VP is (NP-PRD (NP the market leader) (PP for (NP (NP traditional microprocessors) (PP with (NP (NP its 8086 family) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP forms (NP (NP the heart) (PP of (NP IBM-compatible personal computers)))))))))))) .)) (TOP (S (PP-LOC Under (NP the agreement)) , (NP-SBJ-1 Intel) (VP will (VP invest (NP (QP $ 3 million) *U*) (S-PRP (NP-SBJ *-1) (VP to (VP acquire (NP (NP a (ADJP 4 %) stake) (PP in (NP (NP Alliant) , (NP (NP a maker) (PP of (NP (NP minisupercomputers) (PP for (NP scientists and engineers))))))))))))) .)) (TOP (S (NP-SBJ (NP Alliant) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Littleton) , (NP Mass.)))) ,) (VP will (VP license (NP its parallel-computing technologies) (PP-CLR to (NP Intel)) , (S-ADV (NP-SBJ *) (VP providing (NP users) (NP (NP a way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP let (S (NP-SBJ (NP many i860 microprocessors) (PP-LOC in (NP a single computer))) (VP work (PP-CLR on (NP a problem)) (ADVP-TMP simultaneously))) (ADVP-MNR *T*-1)))))))))) .)) (TOP (S (NP-SBJ Alliant) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP use (NP the microprocessor) (PP-LOC in (NP future products))))))))) .)) (TOP (S (NP-SBJ-1 It) (VP declined (S (NP-SBJ *-1) (VP to (VP discuss (NP (NP its plans) (PP for (S-NOM (NP-SBJ *) (VP upgrading (NP its current product line))))))))) .)) (TOP (S (NP-SBJ (NP Omnicare Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP intends (S (NP-SBJ *-2) (VP to (VP expand (NP (NP its position) (PP-LOC in (NP the (ADJP medical and dental) markets))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP acquired (NP a cotton and gauze products division) (PP from (NP (ADJP closely held) Sterile Products Corp.)) (PP-CLR for (NP (QP $ 8.2 million) *U*)))))) .)) (TOP (S (NP-SBJ Omnicare) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ the division) (VP (VP to (VP add (NP `` substantial sales volume))) and (VP to (VP make (NP (NP a positive contribution) (PP to (NP our earnings))) (UCP-TMP (PP in (NP 1990)) and (ADVP beyond)))))))))) . '')) (TOP (S (PP-TMP In (NP 1988)) (NP-SBJ the Cincinnati company) (VP earned (NP (NP (QP $ 3.1 million) *U*) , or (NP (NP 32 cents) (NP-ADV a share)) ,) (PP on (NP (NP revenue) (PP of (NP (QP $ 148.5 million) *U*))))) .)) (TOP (S (NP-SBJ Omnicare) (VP said (SBAR 0 (S (NP-SBJ the division) (VP (VP operates (PP-LOC under (NP the trade name ACCO))) and (VP supplies (NP the (ADJP medical and dental) markets)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The business) , (VP based (NP *) (PP-LOC-CLR in (NP St. Louis))) ,) (VP had (NP (NP sales) (PP of (NP (QP more than $ 14 million) *U*))) (PP-TMP in (NP (NP the fiscal year) (VP ended (NP-TMP-CLR March 31)))))) , (NP-SBJ Omnicare) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Burmah Oil PLC) , (NP a British independent oil and specialty chemicals marketing concern) ,) (VP said (SBAR 0 (S (NP-SBJ (NP SHV Holdings N.V.) (PP of (NP the Netherlands))) (VP has (VP built (PRT up) (NP (NP a (ADJP 6.7 %) stake) (PP in (NP the company)))))))) .)) (TOP (S (NP-SBJ (NP James Alexander) , (NP a Burmah spokesman) ,) (VP said (SBAR 0 (S (NP-SBJ SHV) (VP had (ADVP-TMP previously) (VP owned (NP (NP (QP `` a little under 5) % '') (PP of (NP Burmah))) (PP-TMP for (NP (QP about two) years))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The Dutch company) (VP had n't (VP notified (NP Burmah) (PP of (NP (NP its reason) (PP for (S-NOM (NP-SBJ *) (VP increasing (NP the stake))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP SHV) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (NP-TMP last year) (VP merged (NP its North Sea oil and gas operations) (PP-CLR with (NP (NP those) (PP of (NP Calor Group PLC))))))) ,) (VP has (VP been (VP pegged (NP *-1) (PP by (NP-LGS speculators)) (PP-CLR as (NP (NP a possible suitor) (PP for (NP Burmah Oil)))) (PP-TMP in (NP recent weeks))))) .)) (TOP (S (NP-SBJ SHV) (VP (ADVP also) owns (NP (NP 40 %) (PP of (NP Calor)))) .)) (TOP (S (NP-SBJ (NP Burmah) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP the Castrol brand) (PP of (NP lubricant oils)))))) ,) (VP reported (NP (NP a (ADJP 17 %) rise) (PP in (NP net income)) (PP to (NP (NP (QP # 43.5 million) *U*) (PRN -LRB- (NP (QP $ 68.3 million) *U*) -RRB-))) (PP-TMP in (NP the first half)))) .)) (TOP (S (NP-SBJ J.P. Industries Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP a definitive agreement (S (NP-SBJ *) (VP to (VP sell (NP (NP its Builders ') Hardware Group) (PP-DTV to (NP (NP (ADJP closely held) Nalcor Inc.) (PP of (NP (NP Beverly Hills) , (NP Calif))))))))))))) .)) (TOP (S (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1)))) , but (S (NP-SBJ a J.P. Industries spokesman) (VP said (SBAR 0 (S (S (NP-SBJ (NP the amount) (SBAR (WHNP-2 0) (S (NP-SBJ J.P. Industries) (VP will (VP get (NP *T*-2) (PP for (NP the group))))))) (VP is (ADJP-PRD (ADJP `` (NP-ADV a little) better) (SBAR than (S (NP-SBJ-3 *) (VP expected (NP *-3) (PP by (NP-LGS the marketplace)))))))) , and (S (NP-SBJ the marketplace) (VP had (VP been (VP expecting (NP (QP $ 25 million to $ 30 million) *U*))))))))) . '')) (TOP (S (NP-SBJ The group) (VP consists (PP-CLR of (NP (NP Weslock Corp.) and (NP JPI Modern Inc)))) .)) (TOP (S (NP-SBJ (NP J.P. Industries) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Ann Arbor) , (NP Mich.) ,))))))) (VP said (SBAR 0 (S (NP-SBJ the sale) (VP completes (NP a (ADJP previously announced) program (S (NP-SBJ *) (VP to (VP divest (NP itself) (PP-CLR of (NP its hardware and plumbing supplies operations)))))))))) .)) (TOP (S (NP-SBJ (NP The company 's) remaining business) (VP is (NP-PRD (NP the manufacture and sale) (PP of (NP (NP engine and transmissions products) (PP for (NP (UCP industrial and transportation) applications)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Citing (NP (NP a (ADJP (QP $ 3.1 million) *U*) provision) (PP for (NP doubtful accounts))))) , (NP-SBJ-1 Dallas-based National Heritage Inc.) (VP posted (NP (NP a loss) (PP for (NP (NP its fourth quarter) (VP ended (NP-TMP-CLR June 30)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD (NP A unit) (PP of (NP troubled Southmark Corp.)))) , (NP-SBJ-1 (NP the operator) (PP of (NP (NP nursing homes) and (NP retirement centers)))) (VP said (SBAR 0 (S (NP-SBJ it) (VP sustained (NP (NP a net loss) (PP of (NP (NP (QP $ 1.6 million) *U*) , or (NP (NP nine cents) (NP-ADV a share)) ,))) (PP compared (PP with (NP (NP net income) (PP of (NP (NP (QP $ 1.3 million) *U*) , or (NP (NP eight cents) (NP-ADV a share)) , (ADVP-TMP (NP a year) earlier)))))))))) .)) (TOP (S (NP-SBJ Operating revenue) (VP rose (NP-EXT 13 %) (PP-DIR to (NP (QP $ 22.2 million) *U*)) (PP-DIR from (NP (QP $ 19.7 million) *U*) (PP-TMP in (NP the year-earlier quarter)))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-2 the (ADJP (QP $ 3.1 million) *U*) reserve) (VP was (VP created (NP-3 *-2) (S-PRP (NP-SBJ *-3) (VP to (VP reflect (NP (NP doubt) (PP about (NP (NP the collectability) (PP of (NP (NP receivables) (VP owed (NP *) (PP-DTV to (NP National Heritage)) (PP by (NP-LGS (NP some) (PP of (NP (NP the real estate partnerships) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP manages (NP *T*-1)))))))))))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP (ADVP also) said (SBAR 0 (S (NP-SBJ-1 (NP expenses) (VP incurred (NP *) (PP by (NP-LGS the previous board and management)) (PP-LOC in (NP (NP the recent contest) (PP for (NP control)))))) (VP were (VP recognized (NP *-1) (ADVP primarily) (PP-TMP in (NP (NP the first quarter) (VP ended (NP-TMP-CLR Sept. 30))))))))) .)) (TOP (S (NP-SBJ-1 National Heritage stock) (VP fell (NP-EXT 12.5 cents) (NP-TMP yesterday) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP $ 1.375 *U*) (NP-ADV a share))) (PP-LOC in (NP New York Stock Exchange composite trading)))))) .)) (TOP (S (NP-SBJ (NP United Biscuits -LRB- Holdings -RRB- PLC) , (NP a British food producer) ,) (VP announced (NP (NP the creation) (PP of (NP (NP a European group) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP bring (ADVP-CLR together) (NP (NP its trading interests) (PP-LOC in (NP the region))))))))))) .)) (TOP (S (NP-SBJ The new group) (VP will (VP comprise (NP (NP all) (PP of (NP (NP (NP United Biscuit 's) manufacturing and marketing operations) (PP-LOC in (NP the food sector)) (ADVP apart (PP from (NP (NP those) (VP based (NP *) (PP-CLR-LOC in (NP the U.S))))))))))) .)) (TOP (S (NP-SBJ United Biscuits) (VP said (SBAR 0 (S (NP-SBJ (NP the combined group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP include (NP (NP businesses) (PP such as (NP (NP McVities biscuits) and (NP (NP Terry 's) confectionery)))))))) ,) (VP will (VP have (NP (NP (NP annual sales) (PP of (NP (NP (QP more than # 1.5 billion) *U*) (PRN -LRB- (NP (QP $ 2.35 billion) *U*) -RRB-)))) and (NP (NP trading profit) (PP of (NP (NP (QP more than # 160 million) *U*) (PRN -LRB- (NP (QP $ 251 million) *U*) -RRB-)))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ The new structure) (VP will (VP enable (S (NP-SBJ United Biscuits) (VP to (VP focus (ADVP-MNR clearly) (PP-CLR upon (NP (NP opportunities) (PP for (NP (NP planned growth) (PP-TMP during (NP the 1990s))))))))))) , '') (VP said (S *T*-1)) (NP-SBJ (NP Bob Clarke) , (NP (NP deputy chairman) and (NP group chief executive))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ-1 United Biscuits) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP its entire restaurant operations) (PP-DTV to (NP Grand Metropolitan PLC)) (PP-CLR for (NP (QP # 180 million) *U*)))))) .)) (TOP (S (NP-SBJ An American journalist) (ADVP-TMP now) (VP is (VP standing (NP-CLR trial) (PP-LOC in (NP Namibia)))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP the place) (SBAR (WHNP-1 that) (S (NP-SBJ world opinion) (VP has (VP been (VP celebrating (PP-CLR over (NP *T*-1)) (PP-PRP in (NP the expectation (SBAR that (S (NP-SBJ-2 it) (VP 's (VP going (S (NP-SBJ *-2) (VP to (VP hold (NP an election))))))))))))))))) .)) (TOP (S (NP-SBJ The (ADJP most likely) winner) (VP will (VP be (NP-PRD the Marxist-dominated SWAPO rebels))) .)) (TOP (S (NP-SBJ (NP The U.S. journalist 's) `` crime '') (VP was (VP writing (SBAR that (S (NP-SBJ (NP (NP the head) (PP of (NP the commission)) (VP charged (NP-1 *) (PP-CLR with (S-NOM (NP-SBJ *-1) (VP overseeing (NP (NP the election 's) fairness)))))) , (NP Bryan O'Linn) ,) (VP was (ADJP-PRD openly sympathetic (PP to (NP SWAPO)))))))) .)) (TOP (S (PP-TMP Shortly after (NP that)) , (NP-SBJ Mr. O'Linn) (VP had (S (S (NP-SBJ-1 Scott Stanley) (VP arrested (NP *-1))) and (S (NP-SBJ-2 his passport) (VP confiscated (NP *-2))))) .)) (TOP (S (NP-SBJ Mr. Stanley) (VP is (PP-PRD on (NP (NP trial) (PP over (NP charges (SBAR that (S (NP-SBJ he) (VP violated (NP (NP a proclamation) , (VP issued (NP *) (PP by (NP-LGS the (ADJP South African) administrator general)) (NP-TMP (ADVP earlier) this year)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP made (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (NP-PRD (NP a crime) (ADJP punishable (PP by (NP (NP two years) (PP-LOC in (NP prison)))))) (SBAR-2 for (S (NP-SBJ any person) (VP to (VP `` insult , disparate or belittle '' (NP the election commission)))))))))))))))))) .)) (TOP (S (NP-SBJ The Stanley affair) (VP does n't (VP bode (ADVP-CLR well) (PP-CLR for (NP (NP the future) (PP of (NP (NP (NP democracy) or (NP (NP freedom) (PP of (NP anything)))) (PP-LOC in (NP Namibia)))))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 SWAPO) (VP starts (S (NP-SBJ *-2) (VP running (NP the government) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (PP To (NP the extent (SBAR 0 (S (NP-SBJ Mr. Stanley) (VP has (VP done (NP (NP anything) (ADJP wrong)))))))) , (NP-SBJ it) (VP may (VP be (SBAR-PRD that (S (NP-SBJ he) (VP is (PP-PRD out (PP of (NP (NP step) (PP with (NP (NP the consensus (SBAR *ICH*-1)) (PP of (NP world intellectuals)) (SBAR-1 that (S (NP-SBJ the Namibian guerrillas) (VP were (PP above (NP all else)) (NP-PRD (NP the victims) (PP of (NP (NP suppression) (PP by (NP neighboring South Africa)))))))))))))))))) .)) (TOP (S (NP-SBJ SWAPO) (VP has (VP enjoyed (NP favorable Western media treatment) (SBAR-TMP ever since (S (NP-SBJ the U.N. General Assembly) (VP declared (S (NP-SBJ it) (NP-PRD (NP the `` sole , authentic representative '') (PP of (NP (NP Namibia 's) people)) (X in)))))))))) (TOP (S (NP-TMP Last year) , (NP-SBJ the U.S.) (VP brokered (NP a peace settlement) (S-PRP (NP-SBJ *) (VP to (VP (VP remove (NP (NP Cuba 's) `` Afrika Korps '') (PP-CLR from (NP Angola))) and (VP hold (NP (NP `` (ADJP free and fair) '' elections) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP end (NP (NP (NP South Africa 's) control) (PP of (NP Namibia))))))))))))) .)) (TOP (S (NP-SBJ-1 The elections) (VP are (VP set (NP *-1) (PP-TMP-CLR for (NP Nov. 7)))) .)) (TOP (S (PP-TMP In (NP July)) , (NP-SBJ-1 (NP Mr. Stanley) , (NP (NP editor) (PP of (NP (NP American Press International) , (NP a (ADJP Washington D.C.-based) conservative wire service)))) ,) (VP visited (NP Namibia) (S-PRP (NP-SBJ *-1) (VP to (VP report (PP-CLR on (NP the U.N.-monitored election campaign)))))) .)) (TOP (S (NP-SBJ He) (VP (VP interviewed (NP (NP Mr. O'Linn) , (NP (NP head) (PP of (NP (NP a commission) (VP charged (NP-1 *) (PP-CLR with (S-NOM (NP-SBJ *-1) (VP investigating (NP electoral intimidation)))))))))) , and (VP reported (SBAR that (S (NP-SBJ Mr. O'Linn) (VP (VP was (ADJP-PRD openly sympathetic (PP to (NP SWAPO)))) and (VP (ADVP indeed) had (VP defended (NP its leaders) (PP-LOC in (NP court))))))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ-1 (NP Mr. Stanley 's) article) (VP was (VP published (NP *-1) (PP-LOC in (NP two Namibian newspapers)))))) , (NP-SBJ Mr. O'Linn) (VP had (NP criminal charges) (VP brought (PP-CLR against (NP their editors , publisher and lawyer)))) .)) (TOP (S (NP-SBJ-1 Mr. Stanley) (VP was (VP arrested and charged (NP *-1) (ADVP along (PP with (NP the others))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ he) (VP returned (PP-DIR to (NP Namibia)) (NP-TMP this month) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ Both (NP the State Department) and (NP (NP the Lawyers Committee) (PP for (NP (NP Freedom) (PP of (NP the Press)))))) (VP have (VP protested (NP (NP Mr. Stanley 's) detention))) .)) (TOP (S (NP-SBJ (NP Mr. Stanley 's) arrest) (VP is (NP-PRD (NP the latest) (PP in (NP (NP a series) (PP of (NP (NP incidents) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP threaten (S (NP-SBJ *-2) (VP to (VP derail (NP (NP Namibia 's) elections))))))))))))) .)) (TOP (S (NP-SBJ Both (UCP South African and SWAPO) extremists) (VP are (VP intimidating (NP voters))) .)) (TOP (S (NP-SBJ The U.S.) (VP is (PP-PRD in (NP (NP the habit) (PP of (S-NOM (NP-SBJ *) (VP (VP arranging (NP peace settlements)) and (VP (ADVP-TMP then) washing (NP its hands) (PP over (NP the tragic results))))))))) .)) (TOP (S (NP-SBJ It) (ADVP-TMP now) (VP has (NP the chance (S (NP-SBJ *) (VP to (VP redress (NP that record) (PP-LOC in (NP Namibia))))))) .)) (TOP (S (NP-SBJ (NP State) and (NP the human-rights community)) (VP should (VP insist (SBAR (SBAR that (S (NP-SBJ-1 (NP Mr. Stanley) and (NP his fellow defendants)) (VP be (VP released (NP *-1))))) and (SBAR that (S (NP-SBJ (NP the United Nation 's) monitors) (VP make (ADJP-CLR certain (SBAR that (S (NP-SBJ Mr. O'Linn's commission) (VP investigates (NP (NP election complaints) (PP from (NP all sides))))))))))))) .)) (TOP (S (NP-SBJ Commodity futures prices) (ADVP generally) (VP reflected (NP (NP the stability) (PP of (NP the stock market))) (PP-TMP following (NP (NP its plunge) (NP-TMP Friday)))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ (NP the stock market 's) influence) (PP-TMP at (ADJP first)) (VP created (NP nervousness)) .)) (TOP (S (ADVP-TMP Later) , (ADVP however) , (NP-SBJ it) (VP became (ADJP-PRD (ADJP more (PP of (NP an undercurrent))) (PP than (NP a dominating force))) (SBAR-ADV as (S (NP-SBJ individual markets) (VP reacted (ADVP more) (PP-CLR to (NP their own factors)))))) .)) (TOP (S (NP-SBJ-1 (NP Gold) , (NP (NP the traditional haven) (PP-TMP in (NP (NP times) (PP of (NP financial crisis))))) ,) (VP continued (NP (NP its inverse lockstep) (PP with (NP the dollar))) , (S-ADV (NP-SBJ *-1) (VP (VP rising (ADVP-TMP early (PP in (NP the day))) (SBAR-TMP as (S (NP-SBJ the currency) (VP fell)))) , and (VP (ADVP-TMP then) giving (PRT up) (NP (NP some) (PP of (NP its gains))) (SBAR-TMP as (S (NP-SBJ the dollar) (VP recovered))))))) .)) (TOP (S (NP-SBJ (NP Copper) and (NP crude oil)) (VP reacted (ADVP-MNR sharply) (PP-CLR to (NP the concern (SBAR that (S (NP-SBJ a crash) (NP-TMP yesterday) (VP could (VP have (NP (NP a (ADJP potentially devastating) effect) (PP on (NP the economy)))))))))) .)) (TOP (S (NP-SBJ Copper) (VP (VP fell) and (VP showed (NP little rebound) (PP-TMP through (NP the day)) (SBAR-ADV as (S (NP-SBJ-3 (NP one) (PP of (NP the major supply problems)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP had (VP been (VP supporting (NP prices))))))) (VP appeared (S (NP-SBJ-1 *-3) (VP to (VP be (VP solved (NP *-1)))))))))) .)) (TOP (S (S (NP-SBJ Crude oil) (VP declined (ADVP-TMP early))) , but (S (SBAR-TMP as (S (NP-SBJ the stock market) (VP retained (NP early gains)))) , (NP-SBJ-1 it) , (ADVP too) , (VP became (ADJP-PRD stronger) , (S-ADV (NP-SBJ *-1) (VP ending (PP-MNR with (NP a small net loss)))))) .)) (TOP (S (NP-SBJ (NP Trading) (PP in (NP cotton and sugar))) (VP (VP was (ADJP-PRD nervous)) and (VP showed (NP small declines))) .)) (TOP (S (PP-LOC In (NP Chicago)) , (NP-SBJ grain and soybean prices) (VP rose (ADVP-MNR slightly)) .)) (TOP (S (NP-SBJ Livestock and meat prices) , (ADVP however) , (VP dropped (PP-CLR on (NP concern (SBAR that (S (NP-SBJ a financial crisis) (VP would (VP cut (NP (NP consumption) (PP of (NP beef and pork)))))))))) .)) (TOP (FRAG (PP-LOC In (NP commodity markets)) (NP-TMP yesterday) : (NP (NP PRECIOUS METALS) : (S (NP-SBJ Futures prices) (VP were (ADJP-PRD moderately higher) (SBAR-TMP as (S (S (NP-SBJ gold) (VP gave (PRT up) (NP (NP some) (PP of (NP its early gains))))) and (S (NP-SBJ-1 platinum) (VP behaved (ADVP-MNR independently) , (S-ADV (NP-SBJ *-1) (VP (VP (ADVP-TMP first) falling) and (VP (ADVP-TMP then) (ADVP-TMP later) rising)))))))))) .)) (TOP (S (NP-SBJ Silver) (VP performed (ADVP-MNR quietly)) .)) (TOP (S (NP-SBJ The spot October gold price) (VP rose (NP-EXT $ 4 *U*) (PP-DIR to (NP (NP $ 367.30 *U*) (NP-ADV an ounce)))) .)) (TOP (S (NP-SBJ-1 The (ADJP more active) December delivery gold) (VP settled (PP with (NP (NP a gain) (PP of (NP (NP $ 3.90 *U*) (NP-ADV an ounce))))) (PP-CLR at (NP $ 371.20 *U*)) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP trading (ADVP (ADVP as high) (PP as (NP $ 374 *U*))))))) .)) (TOP (S (NP-SBJ December silver) (VP was (ADVP-PRD up (NP (NP 2.3 cents) (NP-ADV an ounce))) (PP-CLR at (NP $ 5.163 *U*))) .)) (TOP (S (NP-SBJ-1 Platinum) (VP behaved (PP more like (NP an industrial metal)) , (S-ADV (NP-SBJ *-1) (VP (VP easing (ADVP-TMP early) (PP on (NP (NP concern) (PP over (NP a (ADJP possible weaker) economy))))) , but (VP recovering (ADVP-TMP later) , (SBAR-TMP as (S (NP-SBJ the stock market) (VP strengthened))))))) .)) (TOP (S (NP-SBJ Gold) (VP was (ADVP nowhere) (NP-PRD (NP the spectacular performer) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP was (NP-PRD *T*-1) (ADVP-TMP (NP two years) ago) (PP-TMP on (NP Black Monday))))))) .)) (TOP (S (PP For (NP one thing)) , (NP-TMP last Friday) , (NP-SBJ precious metals markets) (VP closed (SBAR-TMP before (S (NP-SBJ the stock market) (VP went (PP-DIR into (NP its late-in-the-day nose dive))))) , (SBAR-ADV so (S (NP-SBJ it) (VP could n't (VP react (PP-CLR to (NP it))))))) .)) (TOP (S (ADVP-TMP Back (PP on (NP (NP Friday) , (NP Oct. 16 , l987)))) , (S (NP-SBJ the stock market) (VP declined (PP-TMP during (NP the day)))) , and (S (NP-SBJ gold prices) (VP surged (SBAR-TMP as (S (NP-SBJ the stock market) (VP fell))))) .)) (TOP (S (S (NP-SBJ The October 1987 contract) (NP-TMP that day) (VP rose (NP-EXT (QP as much as $ 8.70) *U*) (PP-DIR to (NP (QP as high as $ 471.60) *U*)))) , and (S (NP-SBJ (NP the more deferred positions) , (ADJP due (S (NP-SBJ *) (VP to (VP mature (ADVP-TMP (ADVP as late) (PP as (NP March 1989))))))) ,) (VP rose (NP-EXT (QP as much as $ 9.60) *U*))) .)) (TOP (S (PP-TMP On (NP (NP Black Monday) , (NP Oct. 19 , 1987) ,)) (NP-SBJ-1 the October contract) (VP tacked (PRT on) (NP further gains) , (S-ADV (NP-SBJ-2 *-1) (VP rising (PP-DIR to (NP (QP as high as $ 491.50) *U*)) (PP for (NP (NP a gain) (PP of (NP (NP (QP almost $ 20) *U*) (PP on (NP (NP top) (PP of (NP the Friday advances)))))))) , (PP-TMP before (S-NOM (NP-SBJ *-2) (VP giving (PRT up) (NP (NP (QP almost $ 10) *U*) (PP of (NP that))) (PP-TMP at (NP the close)))))))) .)) (TOP (S (NP-SBJ (NP (NP Yesterday 's) October gain) (PP of (NP $ 4 *U*))) (VP was (NP-PRD miniscule) (PP compared (PP with (NP that)))) .)) (TOP (S (NP-SBJ (NP One analyst) , (NP (NP Peter Cardillo) (PP of (NP (NP Josephthal & Co.) , (NP-LOC New York) ,)))) (VP said (SBAR 0 (S (NP-SBJ the gold market) (ADVP-TMP already) (VP had (NP (NP some good price-supporting technical factors) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP have (VP caused (S (NP-SBJ prices) (VP to (VP rise))) , (PP with or without (NP the stock market)))))))))))) .)) (TOP (SINV (S-TPC-2 `` (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ the stock market) (VP did (NP *T*-1)))) (VP was (VP cause (S (NP-SBJ the rise) (VP to (VP take (NP-CLR place) (ADVP-TMP (ADVP earlier) (SBAR than (S (NP-SBJ it) (VP would (VP have (VP happened (ADVP-TMP *?*)))))))))))) , '') (VP said (S *T*-2)) (NP-SBJ Mr. Cardillo) .)) (TOP (S (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD a good chance (SBAR that (S (NP-SBJ gold) (VP will (VP (VP retain (NP its gains)) and (VP rise (ADVP further))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP expects (NP (NP a drop) (PP in (NP interest rates)) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP would (VP help (NP gold) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP keeping (NP-3 the dollar) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP rising)))))))))))) .)) (TOP (S (ADVP-TMP Finally) , (PP according (PP to (NP Mr. Cardillo))) , (NP-SBJ-1 (NP the impact) (PP of (NP the strong dollar))) (VP should (VP be (VP reflected (NP *-1) (PP-CLR in (NP (NP reduced exports) (PP in (NP the August merchandise trade deficit)))) , (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-2 the figures) (VP are (VP released (NP *-2) (NP-TMP today) (ADVP-TMP *T*-3)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ This) (VP would (VP be (ADJP-PRD (ADJP damaging (PP to (NP the dollar))) and (ADJP supportive (PP for (NP gold))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (NP ENERGY :)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Worried (SBAR that (S (NP-SBJ (NP Friday 's) 190-point stock market plunge) (VP might (VP be (NP-PRD (NP a harbinger) (PP of (NP (NP things) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP come)))) (PP for (NP the economy))))))))))) , (NP-SBJ-1 petroleum futures traders) (VP called (NP (NP a halt) (PP to (NP (NP the recent string) (PP of (NP (NP increases) (PP in (NP crude oil futures prices)))))))) .)) (TOP (S (NP-SBJ (NP The U.S. benchmark crude) , (NP West Texas Intermediate) ,) (VP closed (PP-CLR at (NP (NP $ 20.59 *U*) (NP-ADV a barrel) (PP for (NP November delivery)))) , (ADVP down (NP 30 cents))) .)) (TOP (S (NP-SBJ Some analysts) (VP said (SBAR 0 (S (NP-SBJ crude) (VP was (ADJP-PRD due (PP for (NP a correction))) (ADVP anyhow) , (PP-TMP following (NP (NP several days) (PP of (NP significant gains)))))))) .)) (TOP (S But (NP-SBJ most market observers) (VP agreed (SBAR that (S (NP-SBJ (NP Friday 's) stock market drop) (VP is (SBAR-PRD (WHNP-1 what) (S (NP-SBJ *T*-1) (VP dampened (NP (NP spirits) (PP-LOC in (NP the petroleum pits))) (NP-TMP yesterday)))))))) .)) (TOP (S (PP-TMP Until (NP yesterday)) , (NP-SBJ-1 futures prices) (VP had (VP been (VP headed (NP *-1) (ADVP-DIR up) (PP on (NP expectations (SBAR that (S (NP-SBJ-2 world oil demand) (VP will (VP continue (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD strong))))))))))))) .)) (TOP (S (NP-SBJ (NP The Organization) (PP of (NP Petroleum Exporting Countries))) (VP increased (NP (NP its production ceiling) (PP-TMP for (NP the fourth quarter))) (VP based (PP-CLR on (NP (NP projections) (PP of (NP robust demand)))))) .)) (TOP (S So (NP-SBJ (NP any bearish indicator) , (PP such as (NP (NP (NP Friday 's) precipitous drop) (PP-LOC in (NP the stock market)))) ,) (VP sends (NP shivers) (PP-CLR through (NP the oil markets)) (ADVP as well)) .)) (TOP (S (ADVP Indeed) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP reacting (ADVP-TMP early (PP in (NP the trading day))) (PP-CLR to (NP (NP Friday 's) plummet))))) , (NP-SBJ-1 futures prices) (VP firmed (PRT up) (ADVP-TMP again) (SBAR-TMP as (S (NP-SBJ traders) (VP took (NP-CLR note) (PP-CLR of (NP (NP the stock market 's) partial recovery)) (NP-TMP yesterday))))) .)) (TOP (NP COPPER :)) (TOP (S (NP-SBJ Futures prices) (VP (VP fell) and (VP showed (NP little rebound) (SBAR-TMP as (S (NP-SBJ-3 (NP one major labor problem) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP had (VP been (VP underpinning (NP prices))))))) (VP appeared (S (NP-SBJ-1 *-3) (VP to (VP be (VP solved (NP *-1)))))))))) .)) (TOP (S (NP-SBJ The December contract) (VP declined (NP-EXT (NP 3.05 cents) (NP-ADV a pound)) (PP-DIR to (NP $ 1.2745 *U*))) .)) (TOP (S (NP-SBJ Prices) (VP were (ADVP-PRD down) (PP-TMP from (NP (NP the outset) (PP of (NP trading)))) (PP on (NP concern (SBAR that (S (NP-SBJ (NP a drop) (PP-LOC in (NP the stock market))) (VP might (VP create (NP (NP a weakened economy) and (NP (NP a consequent reduction) (PP in (NP copper use))))))))))) .)) (TOP (S But (NP-SBJ (NP the recovery) (PP-LOC in (NP the stock market))) (VP provided (NP (NP little help) (PP for (NP copper))) (SBAR-TMP as (S (NP-SBJ word (SBAR *ICH*-1)) (VP spread (SBAR-1 that (S (NP-SBJ (NP a three-month strike) (PP-LOC at (NP (NP the Highland Valley mine) (PP-LOC in (NP British Columbia))))) (VP was (ADVP-PRD about over))))))) , (PP according (PP to (NP an analyst)))) .)) (TOP (S (NP-SBJ Highland Valley) (VP is (NP-PRD (NP (NP a large Canadian producer) and (NP (NP principal supplier) (PP to (NP Japan)))) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP (ADVP-TMP recently) began (S (NP-SBJ *-2) (VP seeking (NP copper) (ADVP-LOC elsewhere) (SBAR-TMP as (S (NP-SBJ its inventories) (VP shrank)))))))))) .)) (TOP (S (NP-TMP Last week) (NP-SBJ it) (VP was (VP reported (SBAR that (S (NP-SBJ company and union negotiations) (VP had (VP overcome (NP (NP the major hurdle) , (NP (NP the contracting out) (PP of (NP work)) (PP by (NP the company)))))))))) .)) (TOP (S-3 (ADVP-TMP Now) (PRN , (S (NP-SBJ the analyst) (VP said (SBAR 0 (S *T*-3)))) ,) (NP-SBJ-1 only minor points) (VP remain (S (NP-SBJ-2 *-1) (VP to (VP be (VP cleaned (NP *-2) (PRT up)))))) .)) (TOP (S `` (S-TPC-1 (PP For (NP all intents and purposes)) , (NP-SBJ-2 an agreement) (VP appears (S (NP-SBJ-3 *-2) (VP to (VP have (VP been (VP achieved (NP *-3)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Copper inventories) (PP-LOC in (NP (NP New York 's) Commodity Exchange warehouses))) (VP rose (NP-TMP yesterday) (PP-EXT by (NP 516 tons)) , (PP-DIR to (NP 10,004 tons))) .)) (TOP (S (NP-SBJ London Metal Exchange copper inventories) (NP-TMP last week) (VP declined (NP-EXT 13,575 tons) , (PP-DIR to (NP 89,300 tons))) .)) (TOP (S (S (NP-SBJ The LME stocks decline) (VP was (SBAR-PRD (ADVP about) as (S (NP-SBJ-1 *) (VP expected (NP *-1)))))) , but (S (NP-SBJ the Comex gain) (VP was n't (SBAR-PRD *?*))) .)) (TOP (S (S-TPC-2 (ADVP However) , (NP-SBJ-1 this) (VP was (VP brushed (NP *-1) (ADVP-CLR aside) (PP by (NP-LGS (NP concern) (PP over (NP the stock market))))))) , (NP-SBJ the analyst) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-TMP At (NP (NP one point) (PP in (NP futures trading)))) (S , (SBAR-TMP as (S (NP-SBJ the stock market) (VP firmed))) , (NP-SBJ the December contract) (VP rose (PP-DIR to (NP (QP as high as $ 1.2965) *U*)))) , but (S (NP-SBJ-1 it) (VP was n't (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP sustain (NP the gain))))))) .)) (TOP (S-2 (S `` (NP-SBJ It) (VP was (ADVP simply) (ADJP-PRD overbought)) , '') (PRN (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) and (S (NP-SBJ-3 (NP selling) (PP by (NP (NP funds) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD computer guided))))))) (VP helped (S (NP-SBJ *-3) (VP depress (NP prices))))) .)) (TOP (NP COTTON :)) (TOP (S (NP-SBJ Futures prices) (VP eased , (PP (PP more in (NP (NP reaction) (PP to (NP Hurricane Jerry)))) (PP than (PP to (NP (NP any influence) (PP of (NP the stock market))))))) .)) (TOP (S (NP-SBJ The December contract) (VP ended (PP-MNR with (NP (NP a loss) (PP of (NP (NP 0.22 cent) (NP-ADV a pound))))) , (PP-CLR at (NP 74.48 cents))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP Technical considerations) (PP following (NP (NP the hurricane) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP a factor) (PP-LOC in (NP the market))) (NP-TMP Friday)))) ,))) (VP caused (S (NP-SBJ prices) (VP to (VP decline (NP-TMP yesterday)))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Ernest Simon) , (NP (NP cotton specialist) (PP for (NP (NP Prudential-Bache Securities) , (NP-LOC New York))))) .)) (TOP (S (NP-SBJ Prices) (VP rose (ADVP-MNR sharply) (NP-TMP Friday) (SBAR-TMP as (S (NP-SBJ the storm) (VP approached (NP-TMP (NP Texas and Louisiana) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP part) (PP of (NP the Mississippi Delta cotton-growing area))))))))))) .)) (TOP (S (S-TPC-2 (ADVP However) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP absorbing (NP (NP the potential effect) (PP of (NP the hurricane)))))) , (NP-SBJ-1 prices) (VP began (S (NP-SBJ *-1) (VP to (VP slip (NP-TMP late Friday)))))) , (NP-SBJ Mr. Simon) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ That selling) (VP (VP continued (NP-TMP yesterday)) and (VP kept (S (NP-SBJ prices) (PP-PRD under (NP pressure)))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Colder weather) (PP *ICH*-3)) (VP is (VP being (VP predicted (NP *-1) (PP-3 for (NP (NP (NP the high plains) (PP of (NP Texas))) and (NP (NP the northern states) (PP of (NP the Delta))))) (PP-TMP during (NP the coming weekend)))))) , (NP-SBJ Mr. Simon) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S-TPC-1 (NP-SBJ That) (VP has n't (ADVP-TMP yet) (VP captured (NP (NP traders ') attention)))) , (NP-SBJ he) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (NP SUGAR :)) (TOP (S (NP-SBJ Futures prices) (VP declined) .)) (TOP (S (NP-SBJ The March contract) (VP was (ADVP-PRD off (NP (NP 0.32 cent) (NP-ADV a pound))) (PP-CLR at (NP 13.97 cents))) .)) (TOP (S (PP-TMP At (NP (NP one point) (PP-LOC in (NP early trading)))) (S (NP-SBJ the March price) (VP rose (PP-DIR to (NP (QP as high as 14.22) cents)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the stock market) (VP recovered (ADVP-TMP *T*-1)))))) , but (S (NP-SBJ the price) (VP (ADVP-TMP then) fell (ADVP-CLR back))) .)) (TOP (S-2 (NP-SBJ A price-depressing factor) (PRN , (S (NP-SBJ one analyst) (VP said (SBAR 0 (S *T*-2)))) ,) (VP was (SBAR-PRD that (S (NP-SBJ (NP India) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP had (VP been (VP expected (S (NP-SBJ *-3) (VP to (VP buy (NP (NP (QP around 200,000) tons) (PP of (NP sugar))) (PP-LOC in (NP the world market)))))))))) ,) (VP did n't (VP make (NP any purchases)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 India) (ADVP-TMP recently) (VP (VP bought (NP 200,000 tons)) and (VP was (VP expected (S (NP-SBJ *-1) (VP to (VP buy (NP more)))))))) , (NP-SBJ the analyst) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Another analyst) (VP thought (SBAR that (S (NP-SBJ India) (VP may (VP have (VP pulled (ADVP-CLR back) (PP-PRP because of (NP (NP the concern) (PP over (NP the stock market)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ India) (VP may (VP have (VP felt (SBAR that (S (SBAR-ADV if (S (S (NP-SBJ there) (VP was (NP-PRD (NP a severe drop) (PP-LOC in (NP the stock market))))) and (S (NP-SBJ it) (VP affected (NP sugar))))) , (NP-SBJ it) (VP could (VP buy (PP-CLR at (NP lower prices)))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Judith Ganes) , (NP (NP analyst) (PP for (NP (NP Shearson Lehman Hutton) , (NP-LOC New York))))) .)) (TOP (S-1 (PP At (NP any rate)) (PRN , (S (NP-SBJ she) (VP added (SBAR 0 (S *T*-1)))) ,) `` (S (NP-SBJ India) (VP needs (NP the sugar))) , (S so (NP-SBJ-2 it) (VP will (VP be (ADVP-LOC-PRD in) (ADVP-TMP sooner or later) (S-PRP (NP-SBJ *-2) (VP to (VP buy (NP it))))))) . '')) (TOP (NP FARM PRODUCTS :)) (TOP (S (NP-SBJ (NP The prices) (PP of (NP cattle and hog futures contracts))) (VP dropped (ADVP-MNR sharply) (SBAR-PRP because (S (NP-SBJ traders) (VP speculated (SBAR that (S (NP-SBJ-2 the stock market plunge) (NP-TMP Friday) (VP will (VP linger (PP-LOC in (NP (NP the minds) (PP of (NP U.S. consumers)))) (ADVP-TMP long enough (S (NP-SBJ *-2) (VP to (VP prompt (S (NP-SBJ them) (VP to (VP rein (PP in) (NP (NP their spending) (PP-LOC at (NP the supermarket))) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP hurt (NP (NP demand) (PP for (NP beef and pork)))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The price) (PP of (NP (NP the hog contract) (PP for (NP October delivery))))) (VP dropped (NP (NP its (ADJP maximum permissible) daily limit) (PP of (NP (NP 1.5 cents) (NP-ADV a pound))))) .)) (TOP (S (NP-SBJ (NP The prices) (PP of (NP most grain futures contracts))) (VP rose (ADVP-MNR slightly) (NP-TMP yesterday) (PP-PRP out (PP of (NP relief (SBAR that (S (NP-SBJ the stock market) (VP was (VP showing (NP (NP signs) (PP of (S-NOM (NP-SBJ *) (VP recovering)))))))))))) .)) (TOP (S (PP-TMP Earlier in (NP the session)) , (NP-SBJ (NP the prices) (PP of (NP several soybean contracts))) (VP set (NP new lows)) .)) (TOP (S (NP-SBJ A broad rally) (VP began (SBAR-TMP-CLR (WHADVP-1 when) (S (NP-SBJ-2 several major processors) (VP began (S (NP-SBJ-3 *-2) (VP buying (NP futures contracts) , (S-PRP (ADVP apparently) (NP-SBJ *-3) (VP to (VP take (NP-CLR advantage) (PP-CLR of (NP the price dip))))))) (ADVP-TMP-CLR *T*-1))))) .)) (TOP (S (NP-SBJ Knight-Ridder Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP report (NP (NP increased earnings) (PP per (NP share))) (PP-TMP for (NP the third quarter)) , (S-ADV (NP-SBJ *) (ADJP-PRD contrary (PP to (NP reported (NP analysts ') comments (SBAR that (S (NP-SBJ (NP the publishing company 's) earnings) (VP would (VP be (ADVP-PRD down)))))))))))))) .)) (TOP (S (NP-SBJ A company spokesman) (VP said (SBAR 0 (S (NP-SBJ he) (VP believed (SBAR 0 (S (NP-SBJ-1 the confusion) (VP was (VP caused (NP *-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ (NP James Batten) , (NP (NP Knight-Ridder 's) (NX (NX chairman) and (NX chief executive))) ,) (VP told (NP New York analysts) (ADVP-TMP (NP two weeks) ago) (SBAR that (S (NP-SBJ (NP (NP Knight-Ridder 's) earnings) (PP per (NP share)) (PP-TMP for (NP (NP the first nine months) (PP of (NP 1989))))) (VP would (VP `` be (PP-PRD behind (NP a little bit)) '' (PP from (NP (NP like period) (X of))))))) (ADVP-TMP *T*-2)))))))))))))) (TOP (S (NP-SBJ The Knight-Ridder spokesman) (VP said (SBAR 0 (S (NP-SBJ-3 (NP the third-quarter earnings) (SBAR (WHNP-2 that) (S (NP-SBJ-1 the company) (VP plans (S (NP-SBJ *-1) (VP to (VP report (NP *T*-2) (NP-TMP Oct. 24)))))))) (VP are (VP expected (S (NP-SBJ *-3) (VP to (VP be (ADVP-PRD up))))))))) .)) (TOP (S (NP-SBJ The spokesman) (VP said (SBAR 0 (S (NP-SBJ he) (VP was (ADJP-PRD `` comfortable '' (PP with (NP revised (NP analysts ') projections (SBAR that (S (NP-SBJ the company) (VP would (VP report (NP (NP earnings) (PP of (NP (NP (QP between 62 cents and 64 cents) *U*) (NP-ADV a share)))) , (PP compared (PP with (NP (NP (NP the 53 cents) (NP-ADV a share)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP reported (NP *T*-1) (PP-TMP for (NP the 1988 third quarter))))))))))))))))))) .)) (TOP (S (NP-SBJ Knight-Ridder) (VP said (SBAR 0 (S (NP-SBJ it) (VP agreed (PP-CLR with (NP estimates (SBAR that (S (NP-SBJ (NP net income) (PP for (NP (NP all) (PP of (NP 1989))))) (VP would (VP be (NP-PRD (NP around $ 2.86 *U*) (NP-ADV a share)) , (PP compared (PP with (NP (NP (NP $ 2.59 *U*) (NP-ADV a share)) (ADVP-TMP (NP a year) earlier)))))))))))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) (NP-TMP yesterday) , (NP-SBJ Knight-Ridder) (VP closed (PP-CLR at (NP $ 51.75 *U*)) , (ADVP down (NP 37.5 cents))) .)) (TOP (S (NP-SBJ DD Acquisition Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP extended (NP (NP its (ADJP $ 45-a-share *U*) offer) (PP for (NP Dunkin ' Donuts Inc.))) (PP-DIR to (NP-TMP Nov. 1)) (PP-DIR from (NP-TMP yesterday)))))) .)) (TOP (S (NP-SBJ The offer) (VP has (NP (NP an indicated value) (PP of (NP (QP $ 268 million) *U*)))) .)) (TOP (S (NP-SBJ DD Acquisition) (VP is (NP-PRD (NP a partnership) (PP of (NP (NP (NP Unicorp Canada Corp. 's) Kingsbridge Capital Group unit) and (NP Cara Operations Ltd))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-2 *) (VP (ADVP-TMP previously) reported (NP *-2)))) , (PP-LOC under (NP (NP the terms) (PP of (NP (NP a confidentiality agreement) (PP with (NP Dunkin ' Donuts)))))) , (NP-SBJ-1 the partners) (VP agreed (S (NP-SBJ *-1) (VP (VP to (VP keep (S (NP-SBJ their offer) (ADJP-PRD open (PP-TMP until (NP Nov. 1)))))) , and (VP not to (VP acquire (NP any additional shares) (PP except (PP through (NP (NP a tender offer) (VP expiring (PP-TMP-CLR on (NP that date))))))))))) .)) (TOP (S (NP-SBJ DD Acquisition) (VP said (SBAR (SBAR that (S (NP-SBJ it) (ADVP already) (VP owns (NP (NP 15 %) (PP of (NP (NP the common shares) (PP of (NP the doughnut shop chain)))))))) and (SBAR that (S (PP as (PP of (NP (NP the close) (PP of (NP business)) (NP-TMP Friday)))) (NP-SBJ-1 an (QP additional 11) %) (VP had (VP been (VP tendered (NP *-1) (PP-CLR to (NP its offer))))))))) .)) (TOP (S (NP-SBJ-1 Dunkin ' Donuts) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Randolph) , (NP-LOC Mass))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Cara Operations) , (NP a food services concern)) , and (NP (NP Unicorp) , (NP (NP a holding company) (PP with (NP (NP interests) (PP in (NP (NP oil and natural gas) and (NP financial services)))))) ,)) (VP are (VP based (NP *-1) (PP-LOC-CLR in (NP Toronto)))) .)) (TOP (S (NP-SBJ (NP Golden West Financial Corp.) , (VP riding (PP-LOC above (NP (NP the turbulence) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP troubled (NP (NP most) (PP of (NP the thrift industry)))))))))) ,) (VP posted (NP (NP a (ADJP 16 %) increase) (PP of (NP third-quarter earnings))) (PP-DIR to (NP (NP (QP $ 41.8 millon) *U*) , or (NP (NP 66 cents) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ The company) (VP earned (NP (NP (QP $ 36 million) *U*) , or (NP (NP 57 cents) (NP-ADV a share)) ,) (PP-TMP in (NP the year-ago quarter))) .)) (TOP (S (NP-SBJ (NP Herbert M. Sandler) , (NP (NP (NP chairman) and (NP chief executive officer)) (PP of (NP the (NAC-LOC Oakland , Calif. ,) savings-and-loan holding company))) ,) (VP credited (NP-1 (NP the high number) (PP of (NP (NP loans) (VP added (NP *) (PP-CLR to (NP (NP the company 's) portfolio)) (PP-TMP over (NP the last 12 months)))))) (PP-CLR for (S-NOM (NP-SBJ *-1) (VP (VP broadening (NP its earning asset base)) and (VP improving (NP profit performance)))))) .)) (TOP (S (ADVP However) , (NP-SBJ the executive) (VP noted (SBAR that (S (NP-SBJ (NP slackening demand) (PP for (NP new mortgages))) (VP depressed (NP new loan originations) (PP-DIR to (NP (NP (QP $ 1 billion) *U*) , (NP (NP 30 %) (PP below (NP (NP the same period) (NP-TMP last year)))))))))) .)) (TOP (S (PP-LOC In (NP savings activity)) , (NP-SBJ Mr. Sandler) (VP said (SBAR 0 (S (NP-SBJ consumer deposits) (VP (VP have (VP enjoyed (NP a steady increase) (PP-TMP throughout (NP 1989)))) , and (VP topped (NP (QP $ 11 billion) *U*) (PP-TMP at (NP (NP quarter 's) end)) (PP for (NP (NP the first time) (PP in (NP (NP the company 's) history))))))))) .)) (TOP (S (NP-SBJ Deposit growth) (VP amounted (PP-CLR to (NP (NP (QP $ 393 million) *U*) , (NP (QP more than double) the year-ago figure)))) .)) (TOP (S (NP-SBJ (NP Whirlpool Corp.) , (NP-LOC (NP Benton Harbor) , (NP Mich.) ,)) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP developed (NP a process (S (NP-SBJ *) (VP to (VP recover (NP (NP (NP (ADJP environmentally harmful) chlorofluorocarbons) , or (NP CFCs) ,) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (ADVP-TMP previously) entered (NP the atmosphere) (PP-TMP during (NP (NP in-home repair) (PP of (NP refrigerators and freezers))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The maker) (PP of (NP home appliances))) (VP said (SBAR 0 (S (NP-SBJ (NP the process) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP involves (NP (NP the use) (PP of (NP a multilayer plastic bag)) (PP during (NP repairs)) (SBAR-PRP (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP (VP capture (NP the gaseous substance)) and (VP transport (NP it) (PP-DIR to (NP a recycling center))))))))))) ,) (VP (VP is (ADVP-TMP already) (PP-PRD in (NP use)) (PP-LOC at (NP (NP a number) (PP of (NP its service centers))))) , and (VP will (VP be (ADJP-PRD available (PP to (NP all authorized repair centers))) (PP-TMP by (NP spring)))))))) .)) (TOP (S (NP-SBJ Earlier repairs) (VP vented (NP the CFCs) (PP-DIR out (PP of (NP the home))) (PP through (NP a hose)) (PP-DIR (ADVP directly) into (NP the atmosphere))) .)) (TOP (S (NP-SBJ-1 CFCs) (VP are (VP (ADVP-LOC widely) used (NP *-1) (PP-CLR as (NP (NP solvents) , (NP coolants) and (NP fire suppressants))))) .)) (TOP (S But (S (NP-SBJ-1 their use) (VP has (VP been (VP linked (NP *-1) (PP-CLR to (NP (NP a (ADJP potentially dangerous) depletion) (PP of (NP (NP the Earth 's) ozone layer)))))))) , and (S (NP-SBJ-2 (NP a number) (PP of (NP companies))) (VP are (VP seeking (S (NP-SBJ *-2) (VP to (VP curtail (NP (NP use) , or (NP (ADVP at least) emission) , (PP of (NP the substance))))))))) .)) (TOP (S (NP-SBJ Whirpool) (VP said , (S `` (NP-SBJ We) (VP see (NP this process) (PP-CLR as (NP (NP a (ADJP small but important) step) (PP toward (NP (NP eventual elimination) (PP of (NP (NP CFC use) (PP-LOC in (NP appliance manufacture))))))))))) .)) (TOP (S (NP-SBJ (NP Maxus Energy Corp.) , (NP-LOC Dallas) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP discovered (NP a new oil field) (ADVP-LOC northeast (PP of (NP (NP its (ADJP previously discovered) Intan Field) (PP-LOC in (NP (NP the southeast Sumatra area) (PP of (NP Indonesia))))))))))) .)) (TOP (S (NP-SBJ Maxus) (VP said (SBAR 0 (S (NP-SBJ it) (VP did n't (VP run (NP a production test) (PP-CLR on (NP (NP the three discovery wells) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP drilled (NP *T*-2) (PP-LOC in (NP (NP the field) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP (QP about 1.6) miles) (PP from (NP the Intan Field)))))) ,))))))) (SBAR-PRP because (S (NP-SBJ the wells) (VP are (ADJP-PRD similar (PP to (NP (NP others) (VP drilled (NP *) (PP-LOC at (NP its Intan and Widuri fields)))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ Maxus) (VP said (SBAR 0 (S (NP-SBJ it) (VP believes (SBAR 0 (S (NP-SBJ (NP the reserves) (PP-LOC in (NP the field))) (VP are (NP-PRD (NP (QP about 10 million) barrels) (PP of (NP oil)))))))))) .)) (TOP (S (S (NP-SBJ The Intan Field) (VP has (VP estimated (NP (NP reserves) (PP of (NP (QP 50 million) barrels)))))) and (S (NP-SBJ the Widuri Field) (VP has (VP estimated (NP (NP reserves) (PP of (NP (QP 225 million) barrels)))))) .)) (TOP (S (NP-SBJ (NP Maxus) , (NP an independent oil and gas concern) ,) (VP (VP is (NP-PRD the operator)) and (VP owns (NP (NP a (ADJP 56 %) interest) (PP in (NP (NP the new field) , (VP called (S (NP-SBJ *) (NP-PRD Northeast Intan)))))))) .)) (TOP (S (NP-SBJ-1 Other interests) (VP are (VP owned (NP *-1) (PP by (NP-LGS (NP BP Petroleum Development (PRN -LRB- SES -RRB-) Ltd.) , (NP C. Itoh Energy Co. Ltd.) , (NP Deminex Sumatra OEL G.m.b . H.) , (NP Hispanoil (PRN -LRB- Sumatra -RRB-) Production Ltd.) , (NP Hudbay Oil (PRN -LRB- Indonesia -RRB-) Ltd.) , (NP Inpex Sumatra Co. Ltd.) , (NP Lasmo Sumatra Ltd.) , (NP Sunda Shell) , (NP TCR Sumat A.G.) and (NP Warrior Oil Co))))) .)) (TOP (S (NP-SBJ-1 The production-sharing contract area) (VP is (VP held (NP *-1) (PP with (NP (NP Pertamina) , (NP the Indonesian state oil company))))) .)) (TOP (S (NP-SBJ Environmental Systems Co.) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP is (VP restating (NP its results) (S-PRP (NP-SBJ *-2) (VP to (VP reduce (NP (NP its reported net income) (PP for (NP (NP the first nine months) (PP of (NP its fiscal year)))))))) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP discovering (SBAR 0 (S (NP-SBJ it) (VP took (NP (NP tax credits) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (ADVP-TMP already) (VP had (VP been (VP taken (NP *-3) (NP-TMP last year)))))))))))))))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Little Rock , Ark. ,) hazardous-waste services company) (VP said (SBAR 0 (S (NP-SBJ the restatement) (VP will (VP reduce (NP (NP its net) (PP for (NP (NP the nine months) (VP ended (NP-TMP-CLR July 31))))) (PP-DIR to (NP (NP (QP $ 2.5 million) *U*) , or (NP (NP 17 cents) (NP-ADV a share)) ,)) (PP-DIR from (NP (NP (QP $ 3.7 million) *U*) , or (NP (NP 26 cents) (NP-ADV a share))))))))) .)) (TOP (S (NP-SBJ (NP Net) (PP for (NP the third quarter)) , (VP restated (NP *)) ,) (VP is (NP-PRD (NP (QP $ 1.6 million) *U*) , or (NP (NP 10 cents) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ The company) (VP (ADVP-TMP previously) reported (NP (NP net) (PP of (NP (NP (QP $ 2.3 million) *U*) , or (NP (NP 15 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR that (S (PP-PRP for (NP financial reporting purposes)) (NP-TMP last year) (NP-SBJ it) (VP took (NP (NP tax credits) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP recognized (NP *-1) (PP-PRP for (NP tax purposes)) (NP-TMP this year))))))))))) .)) (TOP (S But (PP-PRP because of (NP confusion)) , (NP-SBJ-1 it) (VP took (NP those credits) (ADVP-TMP again) (PP in (S-NOM (NP-SBJ *-1) (VP reporting (NP (NP its results) (PP through (NP the first nine months))))))) .)) (TOP (S (NP-SBJ (NP Jack W. Forrest) , (NP Environmental Systems (NX (NX president) and (NX chief executive officer))) ,) (VP said (SBAR 0 (S (NP-SBJ the change) (VP increases (NP (NP the company 's) effective tax rate) (PP-DIR to (NP (QP about 35) %)) (PP-DIR from (NP 20 %)))))) .)) (TOP (S (NP-SBJ Memotec Data Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP (NP a definitive merger agreement) (PP with (NP ISI Systems Inc.)) (SBAR (WHPP-1 under (WHNP which)) (S (NP-SBJ Memotec) (VP will (VP acquire (NP ISI) (PP-CLR for (NP (NP (NP $ 20 *U* (PRN -LRB- U.S . -RRB-)) (NP-ADV a share)) , or (NP (NP (QP about $ 130 million) *U*) , (PP in (NP cash and securities))))) (PP-LOC *T*-1)))))))))) .)) (TOP (S (PP-LOC In (NP American Stock Exchange composite trading)) , (NP-SBJ ISI) (VP closed (ADVP-CLR up (NP $ 3.125 *U*)) (PP-CLR at (NP $ 18.625 *U*))) .)) (TOP (S (PP-LOC In (NP Montreal Exchange trading)) , (NP-SBJ Memotec) (VP closed (ADVP-MNR unchanged) (PP-CLR at (NP (NP 10.625 Canadian dollars) (PRN -LRB- (NP US$ 9.05 *U*) -RRB-)))) .)) (TOP (S (NP-SBJ Memotec) (VP said (SBAR 0 (S (PP-LOC under (NP the agreement)) , (NP-SBJ (NP ISI) , (NP (NP a (NAC-LOC Braintree , Mass. ,) provider) (PP of (NP computer software and services)) (PP to (NP the insurance industry))) ,) (VP will (VP merge (PP-CLR with (NP (NP a U.S. unit) (PP of (NP Memotec)) (VP created (NP *) (PP-PRP for (NP that purpose)))))))))) .)) (TOP (S (NP-SBJ Memotec) (VP is (NP-PRD a (NX (NX (NX Montreal-based maker) (PP of (NP telecommunications products))) and (NX (NX provider) (PP of (NP telecommunications and computer services)))))) .)) (TOP (S (NP-SBJ Memotec) (VP said (SBAR 0 (S (NP-SBJ the agreement) (VP calls (SBAR for (S (NP-SBJ it) (VP to (VP make (NP (NP a (ADJP $ 20-a-share *U*) cash tender offer) (PP for (NP (NP all shares) (ADJP outstanding) (PP of (NP ISI))))))))))))) .)) (TOP (S But (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ-1 (NP Charles Johnston) , (NP ISI chairman and president) ,) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP (NP his (ADJP 60 %) stake) (PP in (NP ISI))) (PP-DTV to (NP Memotec)) (PP-TMP upon (NP (NP completion) (PP of (NP the tender offer)))) (PP-CLR for (NP (NP a combination) (PP of (NP (NP cash) , (NP Memotec stock) and (NP debentures)))))))))))) .)) (TOP (S (NP-SBJ Memotec) (VP said (SBAR 0 (S (NP-SBJ-1 the tender offer) (VP is (VP conditioned (NP *-1) (PP-CLR on (PRN , (PP among (NP other things)) ,) (NP (NP holders) (VP tendering (NP (NP (QP at least 15) %) (PP of (NP (NP (NP the shares) (ADJP outstanding)) , (ADJP (ADJP other) (PP than (NP (NP the shares) (VP held (NP *) (PP by (NP-LGS Mr. Johnston))))))))))))))))) .)) (TOP (S (NP-SBJ ISI) (VP said (SBAR 0 (S (NP-SBJ its board) (VP has (VP instructed (NP-1 management) (S (NP-SBJ *-1) (VP to (VP accept (NP (NP inquiries) (PP from (NP (NP any others) (VP interested (NP-2 *) (PP-CLR in (S-NOM (NP-SBJ *-2) (VP making (NP a bid)))))))))))))))) .)) (TOP (S (NP-SBJ ISI) (VP said (SBAR 0 (S (NP-SBJ it) (VP can (VP withdraw (PP-CLR from (NP (NP the merger agreement) (PP with (NP Memotec)))) (SBAR-ADV if (S (NP-SBJ a better bid) (VP surfaces)))))))) .)) (TOP (S (NP-SBJ (NP CMS Energy Corp.) , (NP-LOC (NP Jackson) , (NP Mich.) ,)) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP resumed (NP (NP the purchase) (PP of (NP its common stock))) (PP-LOC under (NP (NP a program) (VP approved (NP *) (PP by (NP-LGS its directors)) (PP-TMP in (NP 1987)))))))))) .)) (TOP (S (PP-TMP At (NP (NP the time) (PP of (NP the original announcement)))) , (NP-SBJ CMS) (VP said (SBAR 0 (S (NP-SBJ its board) (VP authorized (NP (NP the purchase) (PP of (NP (NP (QP as many as five million)) (PP of (NP its shares))))))))) .)) (TOP (S (NP-SBJ A spokesman) (VP said (SBAR 0 (S (NP-SBJ-1 (QP 2.6 million) shares) (VP have (VP been (VP purchased (NP *-1) (PP-TMP since (NP then)))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP buy (NP additional shares) `` (PP-TMP from (NP (NP time) (PP to (NP time)))) (PP-LOC (PP in (NP the open market)) or (PP in (NP private transactions))) (PP-CLR at (NP prevailing market prices))))))) . '')) (TOP (S (PP-LOC In (NP (NP composite trading) (PP-LOC on (NP the New York Stock Exchange)))) , (NP-SBJ CMS Energy) (VP closed (PP-CLR at (NP (NP $ 34.375 *U*) (NP-ADV a share))) , (ADVP down (NP 62.5 cents) , (PP from (NP (NP the closing price) (PP of (NP (NP $ 37.375 *U*) (NP-ADV a share)))) (PP-TMP on (NP (NP Thursday) , (PP-TMP before (NP (NP Friday 's) plunge))))))) .)) (TOP (S (NP-SBJ The utility company) (ADVP-TMP currently) (VP has (NP (NP (QP about 82.1 million) shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ Morgan Stanley & Co.) (VP will (VP act (PP-CLR as (NP (NP the exclusive broker) (PP for (NP the repurchase)))))) .)) (TOP (S (NP-SBJ (NP Hughes Aircraft Co.) , (NP (NP a unit) (PP of (NP General Motors Corp.))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP purchase (NP (NP the Electro-Optics Technology division) (PP of (NP Perkin-Elmer Corp)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Terms) (PP of (NP the agreement))) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S But (PP for (NP (NP (NP the fiscal year) (VP ended (NP-TMP-CLR July 31 , 1988))) , (NP (NP the most recent period) (SBAR (WHPP-1 for (WHNP which)) (S (NP-SBJ results) (VP were (VP broken (PRT out) (PP *T*-1)))))) ,)) (NP-SBJ the Perkin-Elmer unit) (VP accounted (PP-CLR for (NP (NP (QP more than half the $ 145 million) *U*) (PP in (NP sales)) (VP recorded (NP *) (PP by (NP-LGS (NP the company 's) government systems sector)))))) .)) (TOP (S (NP-SBJ (NP Perkin-Elmer) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Norwalk) , (NP Conn.) ,))))))) (VP said (SBAR 0 (S (NP-SBJ (NP the sale) (PP of (NP the (NAC-LOC Danbury , Conn. ,) unit))) (VP is (ADJP-PRD consistent (PP with (NP (NP its restructuring strategy) (VP announced (NP *) (PP-TMP in (NP April)))))))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (S-NOM (NP-SBJ *) (VP making (NP electro-optical systems)))))) , (NP-SBJ the unit) (ADVP also) (VP makes (NP laser warning receivers)) .)) (TOP (S (NP-SBJ-1 These) (VP are (VP used (NP-3 *-1) (PP-LOC aboard (NP military helicopters)) (S-PRP-CLR (NP-SBJ *-3) (VP to (VP warn (NP pilots) (SBAR that (S (NP-SBJ-2 a laser weapon) (VP has (VP been (VP focused (NP *-2) (PP-CLR on (NP them)))))))))))) .)) (TOP (S (NP-SBJ (NP Hughes) (PP of (NP Los Angeles))) (VP said (SBAR 0 (S (NP-SBJ (NP the PerkinElmer unit 's) work) (VP complements (NP (NP efforts) (PP by (NP (NP its (UCP Electro-Optical and Data Systems) group) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP (NP infrared sensors) , (NP military lasers) and (NP night vision equipment)))))))))))) .)) (TOP (S (NP-SBJ Hughes) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ the sale) (VP to (VP close (PP-TMP by (NP year end))))))))) .)) (TOP (S (NP-SBJ (NP The Communications Workers) (PP of (NP America))) (VP ratified (NP (NP a new regional contract) and (NP (NP (QP all but one)) (PP of (NP (NP the local agreements) (PP with (NP Bell Atlantic Corp))))))) .)) (TOP (S (NP-SBJ (NP (NP CWA 's) New Jersey Commercial local) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP represents (NP (QP about 2,500) (NX (NX service representatives) and (NX marketing employees)))))) ,) (VP rejected (NP the tentative agreement)) .)) (TOP (S (NP-SBJ Both (NP the union) and (NP the regional telephone company)) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP were (VP working (ADVP-CLR together) (S-PRP (NP-SBJ *-1) (VP to (VP resolve (NP differences))))))))) .)) (TOP (S (NP-SBJ (NP The new three-year contracts) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP replace (NP (NP ones) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP expired (NP-TMP-CLR Aug. 5)))))))) ,) (VP cover (NP 41,000 Bell Atlantic employees)) .)) (TOP (S (NP-SBJ The ratification) (VP follows (NP (NP a 23-day strike) (PP against (NP the Philadelphia-based company)))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ (NP CWA) and (NP (NP International Brotherhood) (PP of (NP Electrical Workers members)))) (VP remain (PP-PRD on (NP (NP strike) (PP against (NP (NP Nynex Corp.) , (NP the (ADJP New York-based) regional phone company)))))) .)) (TOP (S (NP-SBJ (NP The unions) and (NP the company)) (NP-TMP last week) (VP agreed (PP-CLR to (NP mediation))) .)) (TOP (S (S (NP-SBJ The CWA) (VP represents (NP 40,000 Nynex workers))) and (S (NP-SBJ the IBEW) (VP represents (NP 20,000 workers))) .)) (TOP (S (PP-TMP For (NP the moment)) , (ADVP at least) , (NP-SBJ euphoria) (VP has (VP replaced (NP anxiety) (PP-LOC on (NP Wall Street)))) .)) (TOP (S (S (NP-SBJ-2 The Dow Jones Industrial Average) (VP jumped (ADVP-MNR sharply) (NP-TMP yesterday) (S-CLR (NP-SBJ *-2) (VP to (VP close (PP-CLR at (NP 2657.38))))))) , (S (NP-SBJ panic) (VP did n't (VP sweep (NP (NP the world 's) markets)))) , and (S (NP-SBJ-1 (NP investors) (ADJP large and small)) (VP seemed (S (NP-SBJ *-1) (VP to (VP accept (NP (NP Friday 's) dizzying 190-point plunge) (PP-CLR as (NP (NP a sharp correction) , not (NP a calamity)))))))) .)) (TOP (S (NP-SBJ Many) (VP went (NP bargain-hunting)) .)) (TOP (SINV (PP-PRD-LOC-TPC-2 Among (NP (NP those) (VP sighing (PP with (NP relief))))) (VP was (PP-PRD-LOC *T*-2)) (NP-SBJ (NP John H. Gutfreund) , (NP (NP chairman) (PP of (NP Salomon Brothers))) , (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP took (PP-CLR to (NP (NP the firm 's) trading floor)) (S-PRP (NP-SBJ *-3) (VP to (VP monitor (NP (NP yesterday 's) events)))))))) .)) (TOP (S (SBAR As (S (NP-SBJ the rally) (VP gained (NP strength) (PP-TMP at (NP 3:15 p.m.))))) , (NP-SBJ he) (VP (VP smiled (ADVP-MNR broadly)) , (VP brandished (NP his unlit cigar)) and (VP slapped (NP (NP Stanley Shopkorn) , (NP his top stock trader) ,) (PP-LOC on (NP the back)))) .)) (TOP (S (PP At (ADJP first)) , (NP-SBJ it) (VP seemed (SBAR-CLR as if (S (NP-SBJ history) (VP might (VP repeat (NP itself)))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ trading) (VP opened (NP-TMP yesterday morning) (PP-LOC on (NP the Big Board))))) , (NP-SBJ (NP stocks) (PP of (NP (NP many) (PP of (NP (NP the nation 's) biggest companies))))) (VP could n't (VP open (PP for (NP trading)) (SBAR-PRP because (S (NP-SBJ (NP a wave) (PP of (NP sell orders))) (VP was (VP overwhelming (NP buyers))))))) .)) (TOP (S (PP-TMP By (NP 10:10)) , (S (NP-SBJ the Dow Industrials) (VP were (ADVP-PRD off (NP 63.52 points)))) , and (S (NP-SBJ (NP the stock) (PP of (NP (NP UAL Corp.) , (SBAR (WHNP-1 whose troubles) (S (NP-SBJ *T*-1) (VP had (VP kicked (PRT off) (NP (NP Friday 's) plunge))))) ,))) (ADVP still) (VP had n't (VP opened))) .)) (TOP (S But (ADVP then) , (ADVP (ADVP as quickly) (SBAR as (S (NP-SBJ the Dow) (VP had (VP fallen))))) , (NP-SBJ-1 it) (VP began (S (NP-SBJ *-1) (VP to (VP turn (PRT around))))) .)) (TOP (S (NP-SBJ It) (VP ended (PP-MNR with (NP (NP a gain) (PP of (NP 88.12 points))))) .)) (TOP (S (PP-TMP By (NP (NP the market 's) close)) , (NP-SBJ (NP volume) (PP-LOC on (NP the New York exchange))) (VP totaled (NP (NP (QP more than 416 million)) , (NP (NP the fourth highest) (PP-LOC on (NP record))))) .)) (TOP (S (NP-SBJ The Big Board) (VP handled (NP the huge volume) (PP without (NP any obvious strain)) , (PP in (NP (NP sharp contrast) (PP to (NP (NP Black Monday) (PP of (NP 1987))))))) .)) (TOP (S But (NP-SBJ-3 the rally) (VP was (VP (ADVP largely) confined (NP *-3) (PP-CLR to (NP (NP the blue-chip stocks) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP had (VP been (VP (ADVP hard) hit (NP *-1) (PP during (NP (NP Friday 's) selling frenzy))))))))))) .)) (TOP (S (ADJP Overall) , (NP-SBJ (NP more Big Board stocks) (SBAR *ICH*-1)) (VP lost (NP money) (SBAR-1 than (S (NP-SBJ *) (VP gained (NP *?*))))) .)) (TOP (S And (NP-SBJ (NP many arbitragers) , (VP (ADVP already) reeling (PP-CLR from (NP (NP (NP Friday 's) collapse) (PP of (NP the UAL deal))))) ,) (VP were (ADVP further) (ADJP-PRD hurt) (NP-TMP yesterday) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP a proposed takeover) (PP of (NP (NP AMR Corp.) , (NP (NP the parent) (PP of (NP American Airlines))) ,))) (VP collapsed (ADVP-TMP *T*-1))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ the Dow Jones Transportation Average) (VP plunged (NP-EXT 102.06 points) , (NP-ADV (NP its second-worst drop) (PP in (NP history)))) .)) (TOP (S (ADVP-LOC World-wide) , (NP-SBJ trading) (VP was (ADVP generally) (ADJP-PRD manageable)) .)) (TOP (S (NP-SBJ-1 (NP The Frankfurt stock exchange) (PP *ICH*-2)) (VP was (ADVP hardest) (VP hit (NP *-1) (PP-2 of (NP the major markets)) , (PP with (S-NOM (NP-SBJ blue chips) (NP-LOC there) (VP falling (NP-EXT 12.8 %)))))) .)) (TOP (S (S (PP-LOC In (NP London)) , (NP-SBJ a midday rally) (VP left (S (NP-SBJ (NP the market 's) major index) (ADVP-PRD off (NP 3.2 %))))) , and (S (NP-SBJ (NP Tokyo 's) leading stock index) (VP fell (NP-EXT (QP only 1.8) %) (PP-LOC in (NP surprisingly lackluster trading)))) .)) (TOP (S (S (NP-SBJ-1 Other , (ADJP more thinly traded) Asian markets) (VP were (VP hit (NP *-1) (ADVP-MNR (ADVP harder) (PP than (NP Tokyo 's)))))) , but (S (NP-SBJ there) (VP were (NP-PRD no free-fall declines))) .)) (TOP (S (S (NP-SBJ (NP Investors) (ADJP big and small)) (VP say (SBAR 0 (S (NP-SBJ they) (VP learned (NP valuable lessons) (PP-TMP since (NP the 1987 crash))))))) : (S (PP-TMP In (NP (NP this age) (PP of (NP computerized trading)))) , (NP-SBJ-1 (NP huge corrections) or (NP (NP runups) (PP-TMP in (NP (NP a few hours ') time)))) (VP must (VP be (VP expected (NP *-1))))) .)) (TOP (S (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD more)))) , (NP-SBJ such short-term cataclysms) (VP (VP are (ADJP-PRD survivable)) and (VP are (NP-PRD (NP no cause) (PP for (NP panic selling))))) .)) (TOP (S (NP-SBJ (NP Stephen Boesel) , (NP (NP a major money manager) (PP for (NP (NP T. Rowe Price) (PP-LOC in (NP Baltimore))))) ,) (VP says , (S `` (S (NP-SBJ There) (VP was (NP-PRD (NP less panic) (PP than (PP-TMP in (NP 1987)))))) : (S (NP-SBJ We) (VP had (VP been (PP-PRD through (NP it)) (ADVP-TMP once)))))) . '')) (TOP (S (PP-LOC In (NP (NP Somerset) , (NP Wis.) ,)) (NP-SBJ (NP Adrian Sween) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP owns (NP (NP a supplier) (PP of (NP nursing-home equipment)))) and (VP is n't (ADJP-PRD active (PP-LOC in (NP the stock market))))))) ,) (VP agrees) .)) (TOP (S (S-TPC-1 `` (NP-SBJ I) (VP look (PP-CLR at (NP it)) (PP-CLR as (NP a ho-hum matter))) , '') (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Many other factors) (VP played (NP a part) (PP-LOC in (NP (NP yesterday 's) comeback))) .)) (TOP (S (S (NP-SBJ The Federal Reserve) (VP signaled (NP its willingness (S (NP-SBJ *) (VP to (VP provide (NP liquidity))))))) ; (S (NP-SBJ (NP the interest rate) (PP on (NP (NP its loans) (PP to (NP major banks))))) (VP inched (ADVP-DIR downward) (ADVP-TMP early (PP in (NP the day))))) .)) (TOP (S (NP-SBJ (NP Foreign stock markets) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP kicked (PRT off) (NP-TMP Black Monday) (PP-MNR with (NP a huge selling spree))))) ,) (VP began (NP-TMP-CLR the day) (ADVP off (PP by (NP relatively modest amounts)))) .)) (TOP (S (NP-SBJ-1 The dollar) , (PP after (S-NOM (NP-SBJ *-1) (VP falling (ADVP-MNR sharply) (PP-TMP in (NP overnight trading)) (PP-DIR to (NP 139.10 yen))))) , (VP bounced (ADVP-CLR back) (ADVP-MNR strongly) (PP-DIR to (NP 141.8)) , (S-ADV (NP-SBJ *) (VP (ADVP thus) easing (NP fears (SBAR that (S (NP-SBJ foreigners) (VP would (VP unload (NP U.S. stocks))))))))) .)) (TOP (S And (NP-SBJ (NP the (ADJP widely disseminated) opinion) (PP-LOC among (NP most market experts)) (SBAR that (S (NP-SBJ a crash) (VP was n't (PP-PRD in (NP store)))))) (ADVP also) (VP helped (VP calm (NP investors))) .)) (TOP (S (NP-SBJ-2 (ADJP Many major) institutions) , (PP for (NP example)) , (VP came (PP-DIR into (NP work)) (NP-TMP yesterday) (ADJP-PRD ready (S (NP-SBJ *-2) (VP to (VP buy (NP (NP some) (PP of (NP (NP the blue chips) (SBAR (WHNP-3 0) (S (NP-SBJ they) (VP felt (SBAR 0 (S (NP-SBJ-1 *T*-3) (VP had (VP been (VP (ADVP-MNR sharply) undervalued (NP *-1) (PP-TMP on (NP Friday)))))))))))))))))) .)) (TOP (S (ADVP Still) , (PP-LOC amid (NP (NP all the backslapping) and (NP (NP signs) (PP of (NP (NP relief) (PP over (NP (NP yesterday 's) events))))))) , (NP-SBJ some market professionals) (VP cautioned (SBAR that (S (NP-SBJ there) (VP is (NP-PRD (NP nothing) (ADJP present (PP-LOC in (NP the current market system))) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP prevent (NP (NP another dizzying drop) (PP such as (NP Friday 's)))))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ There) (VP is (NP-PRD (ADJP too much) complacency)) , '') (VP says (S *T*-1)) (NP-SBJ money manager Barry Schrager) .)) (TOP (S (NP-SBJ Computers) (VP have (ADVP increasingly) (VP connected (NP (NP securities markets) (ADJP world-wide)) , (SBAR-PRP so that (S (NP-SBJ-1 (NP a buying or selling wave) (PP-LOC in (NP one market))) (VP is (ADVP-TMP often) (VP passed (NP *-1) (PP-LOC around (NP the globe)))))))) .)) (TOP (S (ADVP So) (NP-SBJ (NP investors) (ADVP-LOC everywhere)) (VP (ADVP-MNR nervously) eyed (NP (NP (NP yesterday 's) opening) (PP-LOC in (NP (NP Tokyo) , (SBAR (WHADVP-1 where) (S (NP-SBJ (NP the Nikkei average) (PP of (NP 225 blue-chip stocks))) (VP got (PRT off) (PP-CLR to (NP a rocky start)) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (NP-SBJ The average) (VP plunged (NP-EXT (NP (QP some 600) points) , or (NP 1.7 %) ,) (PP-TMP in (NP (NP the first 20 minutes) (PP of (NP trading))))) .)) (TOP (S But (S (NP-SBJ the selling wave) (VP had (NP no conviction))) , and (S (NP-SBJ the market) (VP (VP (ADVP-TMP first) surged (ADVP-DIR upward) (PP-EXT by (NP 200 points))) , (VP (ADVP-TMP then) drifted (ADVP-DIR lower) , (S-CLR (NP-SBJ *) (VP closing (ADVP-CLR down (NP 647))))))) .)) (TOP (S (PP Unlike (NP two years ago)) , (NP-SBJ-1 (NP most) (PP of (NP (NP Japan 's) major investors))) (VP chose (S (NP-SBJ *-1) (VP to (VP sit (NP this calamity) (PRT out))))) .)) (TOP (S (PP-LOC In (NP (NP Merrill Lynch & Co. 's) Tokyo trading room)) , (NP-SBJ (QP some 40) traders and assistants) (VP sat (ADVP-MNR quietly) , (PP with (NP (NP few orders) (PP to (NP process))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Clients)) `` (VP are all (VP staying (PP-LOC out '' (PP of (NP the market)))))) , (NP-SBJ one Merrill trader) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The relative calm) (PP-LOC in (NP Tokyo))) (VP proved (NP-PRD (NP little comfort) (PP to (NP (NP markets) (VP opening (PRT up) (PP-LOC in (NP Europe))))))) .)) (TOP (S (NP-SBJ-1 (NP Frankfurt 's) opening) (VP was (VP delayed (NP *-1) (NP-TMP a half hour) (PP-PRP because of (NP (NP a crush) (PP of (NP sell orders)))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ The beginning) (VP was (ADJP-PRD chaotic)) , '') (VP says (S *T*-1)) (NP-SBJ (NP Nigel Longley) , (NP (NP a broker) (PP for (NP Commerzbank)))))) (TOP (S (PP-LOC In (NP London)) , (NP-SBJ (NP the view) (PP from (NP (NP the trading floor) (PP of (NP (NP an American securities firm) , (NP Jefferies & Co.) ,))))) (ADVP also) (VP was (ADJP-PRD troubling)) .)) (TOP (S (NP-SBJ (NP A computer screen) (VP displaying (NP 100 blue-chip stocks))) (VP colors (NP-2 each one) (S-CLR (NP-SBJ *-2) (NP-PRD red)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ its price) (VP is (VP falling (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ The screen) (VP was (NP-PRD (NP a sea) (PP of (NP red)))) .)) (TOP (SINV (S-TPC-2 `` (S (NP-SBJ I) (VP see (NP concern))) , but (S (NP-SBJ I) (VP do n't (VP see (NP panic)))) , '') (VP says (S *T*-2)) (NP-SBJ (NP J. Francis Palamara) , (NP (NP a New Yorker) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP the 15-trader office)))))) .)) (TOP (S (NP-SBJ-1 (NP London 's) blue-chip stock index) (VP turned (ADVP-DIR up) (PP-TMP just before (NP (NP 8 a.m .) (NP New York time))) , (S-ADV (NP-SBJ *-1) (VP sending (NP an encouraging message) (PP-DTV to (NP Wall Street))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ trading) (VP opened (PP-LOC in (NP New York)) (ADVP-TMP *T*-1) (PP-TMP at (NP 9:30 a.m. EDT))))) , (NP-SBJ stocks) (VP fell (ADVP-MNR sharply) -- (SBAR-ADV as (S (NP-SBJ-2 *) (VP expected (NP *-2))))) .)) (TOP (S (NP-SBJ (NP Futures markets) (PP-LOC in (NP Chicago))) (VP had (VP opened (PP-CLR at (NP (NP a level) (VP suggesting (SBAR 0 (S (NP-SBJ the Dow) (VP would (VP fall (PP-EXT by (NP (QP about 60) points))))))))))) .)) (TOP (S (PP With (S-NOM (NP-SBJ-2 (NP sell orders) (PP *ICH*-1)) (VP piled (NP *-2) (PRT up) (PP-1 from (NP Friday))))) , (NP-SBJ (NP (QP about half) the stocks) (PP-LOC in (NP the Dow))) (VP could n't (VP open (PP-TMP on (NP time)))) .)) (TOP (S (PP-TMP By (NP 9:45)) , (NP-SBJ the industrial average) (VP had (VP dropped (NP-EXT 27 points))) .)) (TOP (S (PP-TMP By (NP 10 a.m.)) , (NP-SBJ it) (VP was (ADVP-PRD down (NP 49))) .)) (TOP (S (ADVP-TMP (NP Ten minutes) later) , (NP-SBJ the Dow) (VP hit (NP bottom) - (ADVP down (NP (NP 63.52 points) , (NP (QP another 2.5) %)))) .)) (TOP (S But (PP-TMP shortly before (NP then)) , (NP-SBJ (NP some) (PP of (NP (NP Wall Street 's) sharpest traders))) (VP say , (SBAR 0 (S (NP-SBJ they) (VP sensed (NP a turn))))) .)) (TOP (SINV (S-TPC-3 `` (NP-SBJ (NP The first thing) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP caught (NP my eye)))) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP was (VP encouraging))))) (VP was (SBAR-PRD 0 (S (NP-SBJ Treasury bonds) (VP were (ADVP-PRD off))))) , '') (VP says (S *T*-3)) (NP-SBJ (NP Austin George) , (NP (NP head) (PP of (NP stock trading)) (PP-LOC at (NP T. Rowe Price)))) .)) (TOP (S `` (NP-SBJ It) (VP meant (SBAR that (S (NP-SBJ people) (VP were n't (VP running (ADVP pell-mell) (PP-DIR to (NP (NP the safety) (PP of (NP bonds))))))))) . '')) (TOP (S (PP-TMP Shortly after (NP 10 a.m.)) , (NP-SBJ (NP the Major Market Index) , (NP (NP a (NAC Chicago Board (PP of (NP Trade))) futures contract) (PP of (NP (NP 20 stocks) (VP designed (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP mimic (NP the DJIA)))))))) ,) (VP exploded (ADVP-DIR upward)) .)) (TOP (S (NP-SBJ-1 Stock traders) (VP were (VP buoyed (NP *-1) -- (SBAR-PRP because (S (NP-SBJ (NP an upturn) (PP-LOC in (NP the MMI))) (VP had (ADVP also) (VP started (NP (NP the recovery) (PP in (NP stocks))) (PP-TMP on (NP (NP the Tuesday) (PP following (NP Black Monday)))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ The MMI) (VP has (VP gone (ADVP-PRD better))) , '') (VP shouted (S *T*-1)) (NP-SBJ (NP a trader) (PP-LOC in (NP (NP the London office) (PP of (NP Shearson Lehman Hutton))))) .)) (TOP (S (NP-SBJ (NP Shearson 's) London trading room) (VP went (ADJP-PRD wild)) .)) (TOP (S (NP-SBJ Traders) (VP shouted (PRT out) (SBAR-ADV as (S (NP-SBJ their Reuters , Quotron and Telerate screens) (VP posted (NP (NP an ever-narrowing loss) (PP-LOC on (NP Wall Street))))))) .)) (TOP (S (ADVP Then) , (ADVP-TMP (NP nine minutes) later) , (NP-SBJ Wall Street) (ADVP-TMP suddenly) (VP rebounded (PP-DIR to (NP (NP a gain) (PP on (NP the day))))) .)) (TOP (SINV `` (NP-TPC-1 Rally , rally , rally) , '' (VP shouted (NP *T*-1)) (NP-SBJ (NP Shearson 's) Andy Rosen) .)) (TOP (S `` (NP-SBJ This) (VP is (NP-PRD panic buying)) . '')) (TOP (S (NP-SBJ (NP Major blue-chip stocks) (PP like (NP (NP Philip Morris) , (NP General Motors) and (NP Proctor & Gamble)))) (VP led (NP the rally)) .)) (TOP (S (NP-SBJ-1 Japanese) (VP were (VP said (S (NP-SBJ *-1) (VP to (VP be (NP-PRD heavy buyers)))))) .)) (TOP (S (NP-SBJ (ADJP German and Dutch) investors) (VP (ADVP reportedly) loaded (PRT up) (PP-CLR on (NP Kellogg Co))) .)) (TOP (S-1 (ADVP-TMP Then) (PRN , (S (NP-SBJ traders) (VP say (SBAR 0 (S *T*-1)))) ,) (NP-SBJ (NP corporations) (PP with (NP share buy-back programs))) (VP kicked (PP-CLR into (NP high gear)) , (S-ADV (NP-SBJ *) (VP triggering (NP (NP gains) (PP in (PRN , (PP among (NP other issues)) ,) (NP (NP Alcan Aluminium) and (NP McDonald 's))))))) .)) (TOP (S (NP-SBJ (NP Walt Disney Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP had (NP (NP one) (PP of (NP the biggest sell-order imbalances))) (PP-TMP on (NP Friday))) and (VP was (NP-PRD (NP one) (PP of (NP (NP seven stocks) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP (VP halted (NP trading)) and (VP (ADVP-TMP never) reopened (NP-TMP that day)))))))))))) ,) (VP opened (NP-TMP yesterday) (ADVP-TMP late) (PP-CLR at (NP 114.5)) , (ADVP down (NP 8.5))) .)) (TOP (S (S-TPC-1 But (ADVP-TMP then) (NP-SBJ it) (ADVP-TMP suddenly) (VP burst (ADVP-DIR upward) (NP-EXT 7.5) (SBAR-TMP as (S (NP-SBJ Goldman , Sachs & Co.) (VP (VP stepped (ADVP-CLR in)) and (VP bought (NP almost every share offer))))))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP By (NP 10:25)) , (NP-SBJ the Dow) (VP had (VP turned (ADVP-DIR up) (PP for (NP the day)) , (S-ADV (NP-SBJ *) (VP prompting (NP cheers) (PP-LOC on (NP (NP trading desks) and (NP exchange floors))))))) .)) (TOP (S (PP-LOC Among (NP Big Board specialists)) , (NP-SBJ-2 the cry) (VP was (S-PRD `` (NP-SBJ *) (VP Pull (NP your offers)) '') -- (S-ADV (NP-SBJ *-2) (VP meaning (SBAR that (S (NP-SBJ-1 specialists) (VP (ADVP-TMP soon) expected (S (NP-SBJ *-1) (VP to (VP get (NP higher prices) (PP for (NP their shares))))))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ It) (VP was (NP-PRD bedlam) (PP-LOC on (NP the upside))) , '') (VP said (S *T*-1)) (NP-SBJ one Big Board specialist) .)) (TOP (S `` (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ we) (VP had (NP *T*-1)))) (VP was (NP-PRD a real , old-fashioned rally)) . '')) (TOP (S (NP-SBJ This technical strength) (VP spurred (NP (NP buying) (PP from (NP (NP (NP Wall Street 's) `` black boxes , '') (NP (NP computer programs) (VP designed (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP trigger (NP large stock purchases) (PP-TMP during (NP bullish periods))))))))))) .)) (TOP (SINV (ADJP-PRD-TPC-1 Typical) , (ADVP perhaps) , (VP was (ADJP-PRD *T*-1)) (NP-SBJ (NP Batterymarch 's) Dean LeBaron) .)) (TOP (S (NP-SBJ (NP Mr. LeBaron) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP manages (NP (QP $ 10 billion) *U*)))) ,) (VP says , (S `` (S (NP-SBJ We) (VP turned (NP the trading system) (PRT on))) , and (S (NP-SBJ it) (VP did (SBAR (WHNP-2 whatever) (S (NP-SBJ-3 it) (VP was (VP programmed (S (NP-SBJ *-3) (VP to (VP do (NP *T*-2)))))))))) . '')))) (TOP (S (S-ADV (NP-SBJ-3 *-2) (VP Asked (NP *-3) (SBAR (WHNP-1 what stocks) (S (NP-SBJ the computer) (VP bought (NP *T*-1)))))) , (NP-SBJ-2 the money manager) (VP says , (S `` (NP-SBJ I) (VP do n't (VP know)))) . '')) (TOP (S (NP-SBJ Not everybody) (VP was (VP making (NP money))) .)) (TOP (S (NP-SBJ (NP The carnage) (PP-LOC on (NP (NP the Chicago Board Options Exchange) , (NP (NP the nation 's) major options market) ,))) (VP was (ADJP-PRD heavy) (SBAR-TMP after (S (NP-SBJ-1 (NP the trading) (PP-LOC in (NP S&P 100 stock-index options))) (VP was (VP halted (NP *-1) (NP-TMP Friday)))))) .)) (TOP (S (S (NP-SBJ (NP Many market makers) (PP-LOC in (NP the S&P 100 index options contract))) (VP had (NP bullish positions) (NP-TMP Friday))) , and (S (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the shutdown) (VP came (ADVP-TMP *T*-2)))) (NP-SBJ-1 they) (VP were (VP frozen (NP *-1) (PP with (NP huge losses))))) .)) (TOP (S (PP-TMP Over (NP the weekend)) , (NP-SBJ clearing firms) (VP told (NP-1 the Chicago market makers) (S (NP-SBJ *-1) (VP to (VP get (PP out (PP of (NP their positions))) (PP at (NP any cost)) (NP-TMP Monday morning))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ-2 They) (VP were (VP (ADVP absolutely) (VP killed (NP *-2)) , (VP slaughtered (NP *-2)))) , '') (VP said (S *T*-1)) (NP-SBJ one Chicago-based options trader) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ (NP a test) (PP of (NP (NP the stock market 's) rally))) (VP came (PP-TMP at (NP about 2 p.m.)) , (PP with (NP (NP the Dow) (PP at (NP (NP 2600) , (ADVP up (NP (NP 31 points) (PP on (NP the day))))))))) .)) (TOP (S (NP-SBJ (NP Charles Clough) , (NP (NP a strategist) (PP-LOC at (NP Merrill Lynch))) ,) (VP says (SBAR (SBAR 0 (S (NP-SBJ bargain hunting) (VP had (VP explained (NP (NP the Dow 's) strength) (PP up (PP to (NP that point))))))) and (SBAR that (S (NP-SBJ many market professionals) (VP were (VP anticipating (NP (NP a drop) (PP-LOC in (NP the Dow))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ-1 the announcement (SBAR that (S (NP-SBJ real estate magnate and sometime raider Donald Trump) (VP was (VP withdrawing (NP (NP his offer) (PP for (NP AMR Corp.)))))))) (VP might (VP have (VP been (VP expected (S (NP-SBJ *-1) (VP to (VP rattle (NP traders)))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ the rally) (VP (VP (ADVP only) paused (PP-TMP for (NP (QP about 25) minutes))) and (VP (ADVP-TMP then) steamed (ADVP-DIR forward) (SBAR-ADV as (S (NP-SBJ institutions) (VP resumed (NP buying)))))) .)) (TOP (S (NP-SBJ The market) (VP closed (NP-TMP (NP minutes) (PP after (S-NOM (NP-SBJ *) (VP reaching (NP (NP its high) (PP for (NP the day)) (X of))))))))) (TOP (S (PP-LOC Across (NP the country)) , (NP-SBJ-1 many people) (VP took (NP (NP yesterday 's) events) (PP-CLR in (NP stride)) , (SBAR-ADV while (S (NP-SBJ *-1) (VP remaining (ADJP-PRD generally uneasy (PP about (NP (NP the stock market) (PP in (NP general))))))))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ (NP James Norman) , (NP (NP the mayor) (PP of (NP (NP Ava) , (NP-LOC Mo.))))) : (S-1 `` (NP-SBJ I) (VP do n't (VP invest (PP-CLR in (NP stocks))))) .)) (TOP (S (NP-SBJ I) (VP (ADVP much) prefer (NP (NP money) (SBAR (WHNP-1 0) (S (NP-SBJ I) (VP can (VP put (NP my hands) (PP-PUT on (NP *T*-1)))))))) . '')) (TOP (S-1 (SBAR-ADV While (S (NP-SBJ Mayor Norman) (VP found (S (NP-SBJ (NP the market 's) performance) (NP-TMP Monday) (VP reassuring))))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ he) (VP remains (ADJP-PRD uneasy)) .)) (TOP (S `` (NP-SBJ We) (VP have (S (S (NP-SBJ-1 half the experts) (VP saying (NP-2 (NP one thing) (PP *RNR*-3)))) and (S (NP-SBJ=1 half) (NP=2 (NP the other) '' (PP *RNR*-3))) (PP-3 about (NP (NP the course) (PP of (NP the economy)))))) .)) (TOP (S (NP-SBJ (NP Ralph Holzfaster) , (NP (NP a farmer) and (NP farm-supply store operator) (PP-LOC in (NP (NP Ogallala) , (NP Neb.)))) ,) (VP says (PP-CLR of (NP the (ADJP last few) days events)) , (S `` (SBAR-ADV If (S (NP-SBJ anything good) (VP comes (PP-CLR out (PP of (NP this)))))) , (NP-SBJ it) (VP might (VP be (SBAR-PRD that (S (NP-SBJ it) (VP puts (NP (NP some) (PP of (NP these LBOs))) (PP-PUT on (NP the skids))))))) . '')))) (TOP (SINV (VP Says) (NP-SBJ (NP Gordon Fines) , (NP (NP a money manager) (PP-LOC at (NP (NP IDS Financial Services) (PP-LOC in (NP Minneapolis))))) ,) (S `` (S (NP-SBJ You) (VP 're (PP-LOC-PRD on (NP a roller coaster)))) , and (S (NP-SBJ that) (VP may (VP last)))) .)) (TOP (S (NP-SBJ The public) (VP is (ADVP-TMP still) (ADJP-PRD cautious)) .)) (TOP (S (NP-SBJ (NP (NP Skipper 's) Inc.) , (NP-LOC (NP Bellevue) , (NP Wash.) ,)) (VP said (SBAR 0 (S (NP-SBJ it) (VP signed (NP a definitive merger agreement (SBAR for (S (NP-SBJ a National Pizza Corp. unit) (VP to (VP acquire (NP (NP the 90.6 %) (PP of (NP (NP Skipper 's) Inc.)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP does n't (VP own (NP *T*-1)))))) (PP-CLR for (NP (NP (NP $ 11.50 *U*) (NP-ADV a share)) , or (NP (QP about $ 28.1 million) *U*)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP NP Acquisition Co.) , (NP a National Pizza unit) ,) (VP plans (S (NP-SBJ *-1) (VP to (VP begin (NP (NP a tender offer) (PP for (NP Skipper 's))) (PP-TMP on (NP Friday)) , (PP conditioned (PP on (NP (NP (QP at least two-thirds)) (PP of (NP (NP (NP Skipper 's) shares) (VP being (VP tendered (NP *) ))))))))))) .)) (TOP (S (NP-SBJ (ADJP Pittsburg , Kan.-based) National Pizza) (VP said (SBAR 0 (S (NP-SBJ-1 the transaction) (VP will (VP be (VP financed (NP *-1) (PP-LOC under (NP its revolving credit agreement)))))))) .)) (TOP (S (PP-LOC In (NP national over-the-counter trading)) , (NP-SBJ (NP Skipper 's) shares) (VP rose (NP-EXT 50 cents) (PP-DIR to (NP $ 11 *U*))) .)) (TOP (S (NP-SBJ (NP Skipper 's)) (VP said (SBAR 0 (S (NP-SBJ-1 the merger) (VP will (VP help (S (NP-SBJ *-1) (VP finance (NP (NP remodeling) and (NP future growth))))))))) .)) (TOP (S (S (NP-SBJ (NP Skipper 's)) (VP (ADVP-TMP previously) turned (PRT down) (NP (NP a (ADJP $ 10-a-share *U*) proposal) (PP from (NP National Pizza))))) and (S (NP-SBJ Pizza Hut Inc.) (VP questioned (SBAR whether (S (NP-SBJ the purchase) (VP would (VP violate (NP (NP National Pizza 's) franchise agreements))))))) .)) (TOP (S (NP-SBJ National Pizza) (VP said (SBAR 0 (S (NP-SBJ it) (VP settled (NP (NP its dispute) (PP with (NP Pizza Hut))) , (S-ADV (NP-SBJ *) (VP allowing (S (NP-SBJ it) (VP to (VP make (NP the purchase)))))))))) .)) (TOP (S (S-TPC-2 (ADVP Also) , (NP-SBJ-1 (NP Skipper 's) results) (VP began (S (NP-SBJ *-1) (VP to (VP turn (PRT around) , (S-ADV (NP-SBJ *) (VP permitting (NP a higher offer)))))))) , (NP-SBJ National Pizza) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-TMP For (NP (NP the 12 weeks) (VP ended (NP-TMP-CLR Sept. 3)))) , (NP-SBJ (NP Skipper 's)) (VP had (NP (NP net income) (PP of (NP (NP $ 361,000 *U*) , or (NP (NP 13 cents) (NP-ADV a share)) ,))) (PP compared (PP with (NP (NP a net loss) (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ Revenue) (VP was (NP-PRD (QP $ 19.9 million) *U*)) .)) (TOP (S-HLN (NP-SBJ EAST GERMANS) (VP RALLIED (SBAR-ADV as (S (NP-SBJ officials) (VP (ADVP reportedly) sought (NP (NP Honecker 's) ouster))))) .)) (TOP (S (S-TPC-3 (PP In (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 *T*-2) (VP was (VP considered (S (NP-SBJ *-1) (NP-PRD (NP the largest protest) (PP in (NP (NP the Communist state 's) 40-year history))))))))) , (NP-SBJ-4 (QP at least 120,000) demonstrators) (VP marched (PP-DIR through (NP (NP the southern city) (PP of (NP Leipzig)))) (S-PRP (NP-SBJ *-4) (VP to (VP press (NP (NP demands) (PP for (NP democratic freedoms)))))))) , (NP-SBJ opposition activists) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ Police) (VP did n't (VP intervene)) .)) (TOP (S (ADVP Meanwhile) , (SBAR-TMP as (S (NP-SBJ (NP the first) (PP of (NP (NP (QP more than 1,300) East Germans) (VP trying (S (NP-SBJ *) (VP to (VP flee (PP-DIR to (NP the West)) (PP-DIR through (NP Poland))))))))) (VP renounced (NP their citizenship)))) , (NP-SBJ a (ADJP West German) newspaper) (VP reported (SBAR that (S (NP-SBJ regional Communist officials) (VP demanded (NP (NP the dismissal) (PP of (NP hard-line leader Honecker))))))) .)) (TOP (S (NP-SBJ-1 (NAC Secretary (PP of (NP State))) Baker) , (PP-LOC in (NP a foreign policy speech)) , (VP called (PP-CLR for (NP (NP the reunification) (PP of (NP Germany)))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ it) (VP was (NP-PRD (NP the `` legitimate right '') (PP of (NP the German people))))))))) .)) (TOP (S (NP-SBJ Gorbachev) (VP blamed (NP-1 (NP the Soviet Union 's) press) (PP-CLR for (S-NOM (NP-SBJ *-1) (VP contributing (PP-CLR to (NP (NP the nation 's) mounting problems)))))) .)) (TOP (S (PP-LOC At (NP a meeting)) (NP-TMP Friday) , (NP-SBJ the Kremlin leader) (VP (VP complained (PP-CLR about (NP (NP recent articles) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP raised (NP (NP the possiblity) (PP of (NP civil unrest))))))))) , and (VP accused (NP (NP the media) (PP of (S-NOM (NP-SBJ-2 *) (VP fueling (NP (NP panic buying) (PP of (NP goods))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP publishing (NP (NP stories) (PP about (NP impending shortages)))))))))))) .)) (TOP (S (NP-SBJ House-Senate conferees) (VP approved (NP (NP a permanent smoking ban) (PP (PP on (NP (NP domestic airline routes) (PP-LOC within (NP the continental U.S.)))) and (PP on (NP (NP flights) (PP of (NP (QP less than six) hours)) (PP-DIR to (NP Alaska and Hawaii))))))) .)) (TOP (S (NP-SBJ The curbs) (VP would (VP (VP cover (NP (NP all) (PP but (NP a small percentage)) (PP of (NP flights)))) , and (VP represent (NP (NP an expansion) (PP of (NP (NP the current ban) (PP on (NP (NP flights) (PP of (NP (QP less than two) hours)))))))))) .)) (TOP (S (NP-SBJ-1 E. Robert Wallach) (VP was (VP (VP sentenced (NP *-1) (PP by (NP-LGS (NP a U.S. judge) (PP-LOC in (NP New York)))) (PP-CLR to (NP (NP six years) (PP-LOC in (NP prison))))) and (VP fined (NP *-1) (NP $ 250,000 *U*) (PP-PRP for (NP (NP his racketeering conviction) (PP in (NP the Wedtech scandal))))))) .)) (TOP (S (NP-SBJ-2 (NP Wallach) , (NP (NP an associate) (PP of (NP ex-Attorney General Meese))) ,) (VP was (VP found (NP-3 *-2) (S (NP-SBJ *-2) (ADJP-PRD guilty (PP *ICH*-1))) (PP-TMP in (NP August)) (PP-1 of (S-NOM (NP-SBJ *-3) (VP taking (NP (NP $ 425,000 *U*) (PP in (NP illegal payoffs))) (PP-CLR from (NP the now-defunct defense contractor))))))) .)) (TOP (S (S (NP-SBJ NASA) (VP resumed (NP (NP the countdown) (PP for (NP (NP (NP today 's) launch) (PP of (NP the space shuttle Atlantis))))))) , and (S (NP-SBJ (NP a federal appeals court) (PP-LOC in (NP Washington))) (VP dismissed (NP (NP a lawsuit) (PP by (NP anti-nuclear groups)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP delay (NP the flight) (SBAR-PRP because (S (NP-SBJ the plutonium-powered Galileo space probe) (VP was (ADVP-LOC-PRD aboard))))))))))) .)) (TOP (S (NP-SBJ The space agency) (VP said (SBAR 0 (S (NP-SBJ it) (VP did n't (VP expect (S (NP-SBJ weather or protesters) (VP to (VP block (NP the liftoff))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The Bush administration) (VP is (VP preparing (S (NP-SBJ *-1) (VP to (VP extend (NP (NP a ban) (PP on (NP (NP federal financing) (PP of (NP (NP research) (VP using (NP fetal tissue))))))))))))) , (NP-SBJ government sources) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 A temporary prohibition) (VP was (VP imposed (NP *-1) (PP-TMP in (NP March 1988)))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 anti-abortion groups) (VP are (VP opposed (NP *-1) (PP-CLR to (NP such research)))))) , (NP-SBJ scientists) (VP have (VP said (SBAR 0 (S (S-NOM-SBJ (NP-SBJ *) (VP transplanting (NP such tissue))) (VP could (VP be (ADJP-PRD effective (PP in (S-NOM (NP-SBJ *) (VP treating (NP diabetes))))))))))) .)) (TOP (S (NP-SBJ (NP Delegates) (PP from (NP 91 nations))) (VP endorsed (NP (NP a ban) (PP on (NP world ivory trade))) (PP in (NP an attempt (S (NP-SBJ *) (VP to (VP rescue (NP the endangered elephant) (PP from (NP extinction)))))))) .)) (TOP (S (NP-SBJ Five African nations) , (ADVP however) , (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP would (VP continue (S (NP-SBJ *-1) (VP selling (NP the valuable tusks)))))))) .)) (TOP (S (NP-SBJ Mubarak) (VP held (NP reconciliation talks) (PP with (NP Gadhafi)) (PP-LOC at (NP (NP the Egyptian resort) (PP of (NP Mersa Metruh))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP (NP the Libyan leader 's) first trip) (PP to (NP Egypt)) (PP-TMP in (NP 16 years)))) .)) (TOP (S (NP-SBJ They) (VP (VP announced (NP (NP a reduction) (PP in (NP (NP formalities) (PP for (NP travel)))))) , but (VP did n't (VP show (NP (NP any real signs) (PP of (S-NOM (NP-SBJ *) (VP resuming (NP full diplomatic ties)))))))) .)) (TOP (S (NP-SBJ The Egyptian president) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP would (VP visit (NP Libya) (NP-TMP today) (S-PRP (NP-SBJ *-1) (VP to (VP resume (NP the talks))))))))) .)) (TOP (S (NP-SBJ Seoul and Pyongyang) (VP reached (NP a tentative agreement (S (NP-SBJ *) (VP to (VP allow (NP (NP visits) (PP between (NP families))) (PP on (NP the divided Korean peninsula))))))) .)) (TOP (S (NP-SBJ Such family reunions) (VP would (VP be (NP-PRD (NP the second) (PP-TMP since (NP 1945))))) .)) (TOP (S (NP-SBJ (NP Differences) (PP *ICH*-1)) (VP remained (PP between (NP the North and South Korean governments)) , (ADVP however) , (PP-1 over (NP (NP conditions) (PP for (NP the exchanges))))) .)) (TOP (S (NP-SBJ-1 Freed black nationalists) (VP (VP resumed (NP political activity) (PP-LOC in (NP South Africa))) and (VP vowed (S (NP-SBJ *-1) (VP to (VP fight (PP-CLR against (NP apartheid)))))) , (S-ADV (NP-SBJ *) (VP raising (NP (NP fears) (PP of (NP a possible white backlash)))))) .)) (TOP (S (NP-SBJ (NP The nation 's) main white opposition party) (VP warned (SBAR that (S (NP-SBJ-1 (NP (NP the government 's) release) (NP-TMP Sunday) (PP-CLR of (NP eight black political prisoners))) (VP risked (S (NP-SBJ *-1) (VP bringing (NP (NP chaos) and (NP eventual black Marxist rule)) (PP-CLR to (NP the nation)))))))) .)) (TOP (S (NP-SBJ The White House) (VP said (SBAR 0 (S (NP-SBJ-1 Bush) (VP is (VP `` (ADVP fully) satisfied (NP *-1) '' (PP-CLR with (NP (NP CIA Director Webster) and (NP (NP (NP the intelligence agency 's) performance) (PP-TMP during (NP (NP the Oct. 3 failed coup) (PP-LOC in (NP Panama)))))))))))) .)) (TOP (S (NP-SBJ The Washington Post) (VP reported (SBAR that (S (NP-SBJ unidentified senior administration officials) (VP (VP were (VP frustrated (PP-CLR with (NP (NP (NP Webster 's) low-profile activities) (PP-TMP during (NP the insurrection)))))) and (VP wanted (S (NP-SBJ-1 him) (VP replaced (NP *-1)))))))) .)) (TOP (S (NP-SBJ (NP Poland 's) legislature) (VP approved (NP (NP limits) (PP on (NP automatic wage increases))) (PP without (NP (NP special provisions) (PP for (NP food price rises))))) .)) (TOP (S (NP-SBJ-1 The vote) (VP was (VP considered (S (NP-SBJ *-1) (NP-PRD (NP a test) (PP of (NP (NP the Solidarity-led government 's) resolve (S (NP-SBJ *) (VP to (VP proceed (PP-CLR with (NP a harsh economic-restructuring program))))))))))) .)) (TOP (S (NP-SBJ (NP Norway 's) King Olav V) (VP installed (NP a three-party non-Socialist government) (SBAR-ADV as (S (NP-SBJ (NP Gro Harlem Brundtland 's) three-year-old Labor regime) (VP relinquished (NP power))))) .)) (TOP (S (NP-SBJ-1 The 19-member cabinet) (VP is (VP led (NP *-1) (PP by (NP-LGS (NP Prime Minister Jan Syse) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP acknowledged (NP a `` difficult situation '') (SBAR-PRP since (S (NP-SBJ the coalition) (VP controls (NP (NP only 62 seats) (PP-LOC in (NP (NP Oslo 's) 165-member legislature))))))))))))) .)) (TOP (S (NP-SBJ (NP El Salvador 's) government) (VP opened (NP (NP a new round) (PP of (NP (NP talks) (PP with (NP (NP the country 's) leftist rebels))))) (PP in (NP an effort (S (NP-SBJ *) (VP to (VP end (NP a decade-long civil war))))))) .)) (TOP (S (NP-SBJ A spokesman) (VP said (SBAR 0 (S (NP-SBJ the guerrillas) (VP would (VP present (NP (NP a cease-fire proposal) (SBAR *ICH*-2)) (PP-TMP during (NP (NP the negotiations) (PP-LOC in (NP Costa Rica)))) (SBAR-2 (WHNP-1 that) (S (NP-SBJ *T*-1) (VP includes (NP (ADJP constitutional and economic) changes))))))))) .)) (TOP (S (NP-SBJ The State Department) (VP (VP said (SBAR 0 (S (NP-SBJ there) (VP was (NP-PRD a `` possibility '' (SBAR that (S (NP-SBJ some Nicaraguan rebels) (VP were (VP selling (NP their U.S.-supplied arms) (PP-DTV to (NP Salvadoran guerrillas))))))))))) , but (VP insisted (SBAR 0 (S (NP-SBJ it) (VP was n't (NP-PRD an organized effort)))))) .)) (TOP (S (ADVP Separately) , (NP-SBJ (NAC Secretary (PP of (NP State))) Baker) (VP complained (PP-CLR about (NP (NP a U.N. aide) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (NP-TMP last week) (VP told (NP-2 the Contras) (S (NP-SBJ *-2) (VP to (VP disband))) (PP as (NP (NP part) (PP of (NP a regional peace accord)))))))))) .)) (TOP (SINV Died : (NP-SBJ (NP Cornel Wilde) , (NP 74) , (NP actor and director) ,) (PP-LOC in (NP Los Angeles)) , (PP-CLR of (NP leukemia)) ... .)) (TOP (FRAG (NP-SBJ (NP Danilo Kis) , (NP 54) , (NP Yugoslav-born novelist and essayist) ,) (NP-TMP Sunday) , (PP-LOC in (NP Paris)) , (PP-CLR of (NP cancer)) .)) (TOP (S (S-TPC-1 (NP-SBJ British retail sales volume) (VP (VP rose (NP-EXT a provisional 0.4 %) (PP-TMP in (NP September)) (PP-DIR from (NP-TMP August))) and (VP was (ADVP-PRD up (NP 2.2 %)) (PP-DIR from (NP-TMP September 1988))))) , (NP-SBJ (NP the Department) (PP of (NP Trade and Industry))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP For (NP (NP the three months) (VP ended (PP-TMP-CLR in (NP September))))) , (NP-SBJ retail sales volume) (VP was (ADVP-PRD (ADVP down (NP 0.5 %) (PP-DIR from (NP-TMP the previous three months))) and (ADVP up (NP 1.2 %) (PP-DIR from (ADVP-TMP (NP a year) earlier))))) .)) (TOP (S (NP-SBJ-1 Chicago investor William Farley) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP (NP three divisions) (PP of (NP Cluett Peabody & Co.))) (PP-CLR for (NP (QP about $ 600 million) *U*)) (PP-DTV to (NP (NP Bidermann S.A.) , (NP (NP a (ADJP closely held) clothing maker) (VP based (NP *) (PP-LOC-CLR in (NP Paris)))))))))) .)) (TOP (S (PP-TMP Shortly after (S-NOM (NP-SBJ *-1) (VP completing (NP (NP the (ADJP (QP $ 1.56 billion) *U*) acquisition) (PP of (NP West Point-Pepperell Inc.))) (PP-TMP in (NP April))))) , (NP-SBJ-1 (NP (NP Mr. Farley 's) holding company) , (NP Farley Inc.) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP was (VP considering (NP (NP the sale) (PP of (NP (NP Cluett) , (NP (NP a leading shirt maker) and (NP (NP one) (PP of (NP (NP West Point-Pepperell 's) biggest units)))))))))))) .)) (TOP (SINV (VP-TPC-4 Included (NP *-5) (PP-CLR in (NP the sale))) (VP are (VP *T*-4)) (NP-SBJ-5 (NP Cluett units) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP make (NP-2 (NP men 's) shirts) (PP-MNR-3 under (NP the Arrow name))) , (VP (NP=2 socks) (PP-MNR=3 under (NP the Gold Toe name))) and (VP (NP=2 menswear) (PP-MNR=3 through (NP the Schoeneman division))))))) .)) (TOP (S (NP-SBJ The companies) (VP said (SBAR 0 (S (NP-SBJ the agreement) (VP is (ADJP-PRD subject (PP (PP to (NP (NP (NP Bidermann 's) receipt) (PP of (NP financing)))) and (PP to (NP (UCP regulatory and other) approvals)))))))) .)) (TOP (S (NP-SBJ They) (VP said (SBAR 0 (S (NP-SBJ-2 the sale) (VP is (VP expected (S (NP-SBJ-1 *-2) (VP to (VP be (VP concluded (NP *-1) (PP by (NP-TMP (NP the end) (PP of (NP November))))))))))))) .)) (TOP (S (NP-SBJ Mr. Farley) (VP said (SBAR 0 (S (NP-SBJ (NP (NP (NP the sale) (PP of (NP (NP three) (PP of (NP (NP Cluett 's) four main divisions))))) plus (NP other `` anticipated '' West Point-Pepperell asset sales)) (PP-TMP by (NP December)) ,) (VP should (VP bring (PRT in) (NP (NP a total) (PP of (NP (QP about $ 700 million) *U*)))))))) .)) (TOP (S (NP-SBJ He) (VP did n't (VP elaborate (PP-CLR on (NP (NP other asset sales) (VP being (VP considered (NP *))))))) .)) (TOP (S (NP-SBJ Mr. Farley) (VP followed (NP a similar pattern) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP (VP acquired (NP Northwest Industries Inc.)) and (VP (ADVP-TMP then) sold (NP (NP much) (PP of (NP its assets)))) (ADVP-TMP *T*-1))))) .)) (TOP (S But (NP-SBJ he) (VP kept (NP (NP (NP Fruit) (PP of (NP the Loom Inc.))) , (NP (NP the underwear maker) (SBAR (WHNP-1 that) (S (NP-SBJ he) (ADVP still) (VP (VP controls (NP *T*-1)) and (VP serves (NP *T*-1) (PP-CLR as (NP (NP chairman) and (NP chief executive)))))))))) .)) (TOP (S (NP-SBJ Cluett) (VP was (NP-PRD an independent company) (SBAR-ADV until (S (NP-SBJ West Point-Pepperell) (VP acquired (NP it) (PP-CLR for (NP (NP (QP $ 375 million) *U*) (PP in (NP cash and stock)))) (PP-TMP in (NP 1986)))))) .)) (TOP (S (PP-TMP In (NP (NP the fiscal year) (VP ended (NP-TMP-CLR Sept. 30 , 1988)))) , (NP-SBJ Cluett) (VP had (NP (NP operating profit) (PP of (NP (QP $ 37 million) *U*)) (PP on (NP (NP sales) (PP of (NP (QP $ 757 million) *U*)))))) .)) (TOP (S (NP-SBJ Bidermann) (VP sells (NP clothes) (PP-LOC under (NP (NP various labels) , (PP including (NP (NP Yves Saint Laurent) and (NP (NP Bill Robinson) (PP for (NP men))) and (NP (NP Ralph Lauren) (PP for (NP women)))))))) .)) (TOP (S (NP-SBJ A spokesman) (VP said (SBAR 0 (S (NP-SBJ the company) (VP had (NP (NP sales) (PP of (NP (QP $ 400 million) *U*))) (PP-TMP in (NP 1988)))))) .)) (TOP (S (PP-LOC In (NP New York Stock Exchange composite trading)) , (NP-SBJ West Point-Pepperell) (VP fell (NP-EXT 25 cents) (PP-DIR to (NP $ 53.875 *U*))) .)) (TOP (S (NP-SBJ-1 (NP Britain 's) Blue Arrow PLC) (VP intends (S (NP-SBJ *-1) (VP to (VP (VP change (NP its name) (PP-CLR to (NP Manpower PLC))) and (VP write (PRT off) (NP (NP a chunk) (PP of (NP (NP the (QP nearly $ 1.2 billion) *U*) (PP in (NP (NP good will) (VP realized (NP *) (PP-CLR in (NP (NP the takeover) (PP of (NP U.S.-based Manpower Inc))))))))))))))) .)) (TOP (S (NP-SBJ Blue Arrow Chairman Mitchell Fromstein) (VP said (PP-LOC in (NP an interview)) (SBAR that (S (NP-SBJ the two steps) (VP may (VP be (NP-PRD (NP a prelude) (PP to (S-NOM (NP-SBJ *) (VP reincorporating (NP (NP (NP the world 's) biggest employment-services group) (PP-LOC in (NP the U.S)))))))))))) .)) (TOP (S (NP-SBJ Mr. Fromstein) (VP disclosed (NP (NP the planned steps) , (VP expected (NP *) (PP-TMP within (NP a few months))) ,) (SBAR-ADV as (S (NP-SBJ Blue Arrow) (VP posted (NP (NP a (ADJP 2.5 %) drop) (PP-LOC in (NP its third-quarter pretax earnings))))))) .)) (TOP (S (NP-SBJ-1 The name change and good will write-off) (VP could (VP help (S (NP-SBJ *-1) (VP (VP solidify (NP (NP (NP Blue Arrow 's) dominance) (PP of (NP the U.S. temporary-help market)))) and (VP give (NP it) (NP a (ADJP more American) image)) (SBAR-ADV as (S (NP-SBJ U.S. investors) (VP turn (ADJP-PRD jittery (PP about (NP foreign stocks))) (PP-TMP after (NP (NP Friday 's) market plunge))))))))) .)) (TOP (S (NP-SBJ U.S. holders) (VP (ADVP-TMP now) own (NP (NP (QP more than 60) %) (PP of (NP Blue Arrow))) (PP compared (PP with (NP (NP 9 %) (NP-TMP last January))))) .)) (TOP (S (S-TPC-1 `` (PP-LOC In (NP the U.S. market)) , (NP-SBJ (NP the recognition) (PP of (NP the Manpower name))) (VP is (ADJP-PRD (ADJP infinitely stronger) (PP than (NP Blue Arrow)))) , '') (NP-SBJ Mr. Fromstein) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ The moves) (ADVP also) (VP could (VP erase (NP (NP (NP shareholders ') perception) (PP of (NP Blue Arrow)) (PP as (NP (NP a company) (PP in (NP turmoil))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ It) (ADVP further) (VP reinforces (NP the concept (SBAR that (S (NP-SBJ Blue Arrow) (VP is (NP-PRD (NP a thing) (PP of (NP the past)))))))) , '') (VP said (S *T*-1)) (NP-SBJ (NP Doug Arthur) , (NP (NP an analyst) (PP-LOC at (NP (NP Kidder Peabody & Co.) (PP-LOC in (NP New York)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The proposed changes) `` (NP all)) (VP make (NP (NP a lot) (PP of (NP sense))) (PP-CLR to (NP me))) , '') (NP-SBJ he) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-LOC In (NP a (ADJP widely publicized) boardroom coup)) , (NP-SBJ Mr. Fromstein) (VP ousted (NP Antony Berry) (PP-CLR as (NP Blue Arrow chief executive)) (PP-TMP in (NP January)) , (SBAR-TMP (NP-ADV a month) after (S (NP-SBJ Mr. Berry) (VP had (VP forced (NP Mr. Fromstein) (ADVP-CLR out) (PP-CLR as (NP (NP the (ADJP $ 1 million-a-year *U*) chief) (PP of (NP Milwaukee-based Manpower))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Fromstein) (VP solidified (NP his control) (PP-TMP in (NP April)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP taking (PRT over) (PP-CLR from (NP Mr. Berry)) (PP as (NP-CLR chairman)))))) .)) (TOP (S But (NP-SBJ the Blue Arrow tumult) (VP is n't (ADVP-PRD over) (ADVP-TMP yet) , (SBAR-ADV as (S (NP-SBJ the British government) (VP is (VP investigating (NP (NP a disputed (ADJP (QP # 25 million) *U* (PRN -LRB- (ADJP (QP $ 39.4 million) *U*) -RRB-)) loan) (SBAR (WHNP-2 which) (S (NP-SBJ Mr. Fromstein) (VP has (VP said (SBAR 0 (S (NP-SBJ-1 *T*-2) (VP was (VP made (NP *-1) (PP-LOC under (NP (NP Mr. Berry 's) direction)))))))))))))))) .)) (TOP (S (NP-SBJ-1 Blue Arrow) (VP was (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP pull (PRT off) (NP (NP the (ADJP (QP $ 1.34 billion) *U*) takeover) (PP of (NP Manpower))) (PP-TMP in (NP 1987)))))) (SBAR-PRP largely because (S (NP-SBJ different (ADJP British and American) accounting standards) (VP produce (NP higher reported earnings) (PP-CLR for (NP British companies)))))) .)) (TOP (S (PP-LOC Under (NP British rules)) , (NP-SBJ-1 Blue Arrow) (VP was (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP write (PRT off) (PP-TMP at (NP once)) (NP (NP the (QP $ 1.15 billion) *U*) (PP in (NP good will)) (VP arising (PP-CLR from (NP the purchase))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (PP-PRD As (NP a (ADJP U.S.-based) company))) , (NP-SBJ-1 Blue Arrow) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP amortize (NP the good will) (PP-CLR over (NP (QP as many as 40) years))))) , (S-ADV (NP-SBJ *) (VP creating (NP (NP a continuing drag) (PP on (NP reported earnings))))))) .)) (TOP (S (NP-SBJ Good will) (VP is (NP-PRD (NP the excess) (PP of (NP (NP cost) (PP of (NP an (NX (NX acquired firm) , (NX operating unit) or (NX assets)))))) (PP over (NP (NP the (ADJP current or fair) market value) (PP of (NP those assets)))))) .)) (TOP (S But (PP with (NP (NP (ADJP so many) shares) (VP (ADVP now) held (NP *) (PP-LOC-CLR in (NP the U.S.))))) , (NP-SBJ Blue Arrow) (VP reports (NP its earnings) (NP-MNR two ways) , (PP based (PP on (NP both U.K. and U.S. accounting standards)))) .)) (TOP (S (S-TPC-1 `` (NP-SBJ Our balance sheets) (VP look (SBAR-CLR like (S (NP-SBJ they) (VP came (PP-DIR from (NP (NP Alice 's) wonderland)))))) , '') (NP-SBJ Mr. Fromstein) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ The British version) (VP shows (NP (NP `` a handful) (PP of (NP (NP pounds) (PP of (NP net worth)))) '') (PP following (NP (NP the 1987 write-off) (PP of (NP good will)))) , (SBAR-ADV while (S (NP-SBJ the American version) (VP reflects (NP (NP `` (QP $ 1 billion) *U*) (PP of (NP net worth))) (SBAR-PRP because (S (NP-SBJ-1 (NP almost none) (PP of (NP -LCB- the good will -RCB-))) (VP has (VP been (VP written (NP *-1) (PRT off)))))))))) . '')) (TOP (S (NP-SBJ Mr. Fromstein) (VP (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP hopes (S (NP-SBJ *-1) (VP to (VP eradicate (NP (NP some) (PP of (NP (NP the good will) (VP left (NP *) (PP-LOC-CLR on (NP (NP Blue Arrow 's) U.S. books)))))) (PP in (NP one fell swoop))))))))) , but (VP would n't (VP specify (NP how much)))) .)) (TOP (S (NP-SBJ (NP People) (ADJP close (PP to (NP Blue Arrow)))) (VP suggested (SBAR 0 (S (NP-SBJ the write-down) (VP would (VP represent (NP a sizable chunk) , (PP with (S-NOM (NP-SBJ executives) (VP claiming (SBAR 0 (S (NP-SBJ prior management) (VP overstated (NP (NP the extent) (PP of (NP (NP Manpower 's) good will)))))))))))))) .)) (TOP (S (NP-SBJ That move) , (PP along (PP with (NP (NP the return) (PP to (NP the Manpower name))))) , (VP could (VP bolster (NP (NP the company 's) prospects) (PP-TMP during (NP (NP (ADJP possibly difficult) times) (PP for (NP temporary help)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ-2 (NP The number) (PP of (NP U.S. temporary workers))) (VP fell (NP-EXT (QP about 1) %) (PP-TMP in (NP (NP the 12 months) (VP ending (NP-TMP-CLR Aug. 31)))) , (PP-TMP after (S-NOM (NP-SBJ *-2) (VP sliding (NP-EXT (QP nearly 3.5) %) (PP-TMP in (NP July))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Kidder Peabody 's) Mr. Arthur) .)) (TOP (S (NP-SBJ Blue Arrow) (VP blamed (NP (NP the pretax profit drop) (PP in (NP (NP the quarter) (VP ended (NP-TMP-CLR July 31))))) (ADVP partly) (PP-CLR on (NP (NP slower earnings growth) (PP of (NP (NP non-Manpower units) (PP-LOC in (NP Britain))))))) .)) (TOP (S (ADVP Overall) , (NP-SBJ pretax profit) (VP slid (PP-DIR to (NP (QP # 18.49 million) *U*) (PP-TMP in (NP the quarter))) (PP-DIR from (NP (QP # 18.98 million) *U*) (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (NP-SBJ-1 (NP Richard G. Sim) , (NP (NP the man) (VP credited (NP-2 *) (PP-CLR with (S-NOM (NP-SBJ *-2) (VP transforming (NP Applied Power Inc.) (PP-CLR from (NP an underachiever)) (PP-CLR into (NP (NP a feisty player) (PP-LOC in (NP (NP the global market) (PP for (NP hydraulic tools))))))))))) ,) (VP hopes (S (NP-SBJ *-1) (VP to (VP guide (NP (NP a similar turnaround) (PP-LOC at (NP (NP (NP the company 's) latest acquisition) , (NP Barry Wright Corp)))))))) .)) (TOP (S (NP-SBJ The 45-year-old former General Electric Co. executive) (VP figures (SBAR 0 (S (NP-SBJ it) (VP will (VP be (ADJP-PRD easier) (NP-TMP this time)))))) .)) (TOP (S But (NP-SBJ-1 analysts) , (SBAR-ADV while (S (NP-SBJ *-1) (VP applauding (NP the acquisition)))) , (VP say (SBAR 0 (S (NP-SBJ (NP Applied 's) chief executive) (VP faces (NP (NP a tough challenge) (PP in (S-NOM (NP-SBJ *) (VP integrating (NP the two companies))))))))) .)) (TOP (S (NP-SBJ (NP Barry Wright) , (VP acquired (NP *) (PP by (NP-LGS Applied)) (PP-CLR for (NP (QP $ 147 million) *U*))) ,) (VP makes (NP (NP computer-room equipment) and (NP vibration-control systems))) .)) (TOP (S (S (NP-SBJ (NP The (NAC-LOC Watertown , Mass. ,) company 's) sales) (VP have (VP been (ADJP-PRD dormant)))) and (S (NP-SBJ its profits) (VP have (VP dropped))) .)) (TOP (S (NP-SBJ (NP (NP Last year 's) earnings) (PP of (NP (QP $ 1.3 million) *U*)) , (PP including (NP (NP $ 815,000 *U*) (PP from (NP a restructuring gain)))) ,) (VP were (PP-LOC-PRD far below (NP the year-earlier (QP $ 8.4 million) *U*))) .)) (TOP (S (PP Besides (S-NOM (NP-SBJ *-2) (VP spurring (NP (NP (NP Barry Wright 's) sales) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP were (NP-PRD (QP $ 201.7 million) *U*) (PP-TMP in (NP 1988))))) ,)))) (NP-SBJ-2 Mr. Sim) (VP must (VP pare (NP its costs and product line))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ The question) (VP is (SBAR-PRD (WHNP-2 how long) (S (NP-SBJ-1 it) (VP 's (VP going (S (NP-SBJ *-1) (VP to (VP take (NP-4 Barry Wright) (NP *T*-2) (S-CLR (NP-SBJ *-4) (VP to (VP make (NP a contribution))))))))))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP F. John Mirek) , (NP (NP an analyst) (PP-LOC at (NP (NP Blunt Ellis Loewi) (PP-LOC in (NP Milwaukee)))))) .)) (TOP (S (NP-SBJ-1 The answer) (VP will (VP help (S (NP-SBJ *-1) (VP determine (SBAR whether (S (NP-SBJ-2 Applied) (VP continues (S (NP-SBJ *-2) (VP to (VP reach (NP (NP the ambitious goals) (VP set (NP *) (PP by (NP-LGS Mr. Sim)))))))))))))) .)) (TOP (S (S (NP-SBJ The (NAC-LOC Butler , Wis. ,) manufacturer) (VP went (ADJP-PRD public) (PP-CLR at (NP (NP $ 15.75 *U*) (NP-ADV a share))) (PP-TMP in (NP August 1987)))) , and (S (NP-SBJ (NP Mr. Sim 's) goal) (ADVP-TMP then) (VP was (NP-PRD a (ADJP $ 29 per-share *U*) price) (PP-TMP by (NP-TMP 1992)))) .)) (TOP (S (NP-SBJ-1 Strong earnings growth) (VP helped (S (NP-SBJ *-1) (VP achieve (NP that price) (ADVP-TMP far ahead (PP of (NP schedule))) , (PP-TMP in (NP August 1988))))) .)) (TOP (S (NP-SBJ-1 The stock) (VP has (ADVP-TMP since) (VP softened , (S-ADV (NP-SBJ *-1) (VP (VP trading (NP (NP (QP around $ 25) *U*) (NP-ADV a share)) (NP-TMP last week)) and (VP closing (NP-TMP yesterday) (PP-CLR at (NP (NP $ 23.00 *U*) (PP-LOC in (NP national over-the-counter trading))))))))) .)) (TOP (S But (NP-SBJ Mr. Sim) (VP has (VP set (NP (NP a fresh target) (PP of (NP (NP $ 50 *U*) (NP-ADV a share)))) (PP-TMP by (NP (NP the end) (X of))))))) (TOP (S-1 (S-NOM-SBJ (NP-SBJ *) (VP Reaching (NP that goal))) (PRN , (SINV (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Robert T. Foote) , (NP (NP Applied 's) chief financial officer))) ,) (VP will (VP require (NP (NP (NP `` efficient reinvestment '') (PP of (NP cash)) (PP by (NP Applied))) and (NP (NP continuation) (PP of (NP (NP its healthy (ADJP 19 %) rate) (PP of (NP (NP return) (PP on (NP operating capital)))))))))) .)) (TOP (S (PP-LOC In (NP Barry Wright)) , (NP-SBJ Mr. Sim) (VP sees (NP (NP a situation) (ADJP `` very similar '' (PP to (NP (NP the one) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP faced (NP *T*-1) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ he) (VP joined (NP Applied) (PP-CLR as (NP (NP president) and (NP chief operating officer))) (PP-TMP in (NP 1985)) (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (NP-SBJ (NP Applied) (PRN , (ADVP-TMP then) (NP a (ADJP closely held) company) ,)) (VP was (VP stagnating (PP-LOC under (NP (NP the management) (PP of (NP its controlling family)))))) .)) (TOP (S (S-TPC-1 (SBAR-ADV While (FRAG (ADJP profitable))) , (NP-SBJ it) (VP `` (VP was n't (VP growing)) and (VP was n't (VP providing (NP (NP a satisfactory return) (PP on (NP invested capital))))) , '')) (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Mr. Sim) (VP is (ADJP-PRD confident (SBAR that (S (NP-SBJ the drive (S (NP-SBJ *) (VP to (VP dominate (NP certain niche markets))))) (VP will (VP work (PP-LOC at (NP Barry Wright)) (SBAR-ADV as (S (NP-SBJ it) (VP has (VP *?* (PP-LOC at (NP Applied)))))))))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP professes (NP (NP an `` evangelical '' fervor) (SBAR (WHNP-4 0) (S (NP-SBJ *T*-4) (VP to (VP develop (NP (NP a corporate culture) (SBAR (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP rewards (NP (NP managers) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP produce))))))) and (SBAR (WHADVP-5 where) (S (NP-SBJ-1 decision-making) (VP is (VP shared (NP *-1) (ADVP-LOC *T*-5))))))))))))) .)) (TOP (S (NP-SBJ Mr. Sim) (VP (VP considers (S (NP-SBJ (NP the new unit 's) operations) `` (ADJP-PRD fundamentally sound) '')) and (VP adds (SBAR that (S (NP-SBJ Barry Wright) (VP has (VP been (ADJP-PRD fairly successful (PP in (S-NOM (NP-SBJ *) (VP moving (PP-DIR into (NP (NP markets) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have n't (VP interested (NP larger competitors))))))))))))))))) .)) (TOP (S `` (S-TPC-1 (PP With (NP (NP-ADV a little) patience)) , (NP-SBJ these businesses) (VP will (VP perform (ADVP-MNR very satisfactorily)))) , '' (NP-SBJ Mr. Sim) (VP says (S *T*-1)) .)) (TOP (S (S-TPC-1 (PP-TMP Within (NP (QP about six) months)) , `` (NP-SBJ things) (VP will (VP be (VP moving (PP-DIR in (NP the right direction))))) , '') (NP-SBJ he) (VP predicts (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Mr. Sim) (VP figures (SBAR 0 (S (NP-SBJ it) (VP will (VP be (ADJP-PRD easier (S (NP-SBJ *) (VP to (VP turn (NP Barry Wright) (PRT around))))) (SBAR-ADV since (S (NP-SBJ he) (VP 's (ADVP-TMP now) (PP-PRD in (NP (NP the driver 's) seat)))))))))) .)) (TOP (S (S-TPC-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ he) (VP came (PP-DIR to (NP Applied)) (ADVP-TMP *T*-1)))) , `` (NP-SBJ I) (VP did n't (VP have (NP the power (S (NP-SBJ *) (VP to (VP execute (SBAR-ADV as (S (NP-SBJ I) (VP do (NP-TMP today)))))))))) , '') (NP-SBJ he) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-1 He) (VP was (VP (VP named (S (NP-SBJ *-1) (NP-PRD (NP chief executive officer) (PP of (NP Applied)))) (PP-TMP in (NP 1986))) and (VP became (NP-PRD chairman) (NP-TMP last November)))) .)) (TOP (S (PP-LOC At (NP Applied)) , (NP-SBJ Mr. Sim) (VP set (NP growth) (PP-CLR as (NP his first objective))) .)) (TOP (S (NP-SBJ He) (VP took (S (NP-SBJ the company) (ADJP-PRD public)) (PP in (NP (NP an offering) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP netted (NP Applied) (NP (QP about $ 12.6 million) *U*)))) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP helped (S (NP-SBJ *-3) (VP launch (NP (NP the company 's) acquisition program))))))))) .)) (TOP (S (NP-SBJ Sales) (VP climbed (PP-DIR to (NP an estimated (QP $ 245 million) *U*) (PP-TMP in (NP (NP fiscal 1989) , (VP ended (NP-TMP-CLR Aug. 31)) ,))) (PP-DIR from (NP (QP $ 99.9 million) *U*) (PP-TMP in (NP fiscal 1985)))) .)) (TOP (S (NP-SBJ The company) (VP expects (SBAR that (S (NP-SBJ (NP earnings) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP have (VP marched (ADVP-MNR steadily) (ADVP-DIR upward) (PP-TMP in (NP recent years)))))) ,) (VP reached (NP (NP (QP about $ 20.8 million) *U*) , or (NP (NP $ 1.58 *U*) (NP-ADV a share)) ,) (PP-TMP in (NP (NP the fiscal year) (VP (ADVP just) ended))) , (ADVP up (PP (PP from (NP-2 (QP $ 15.2 million) *U*) (PP-TMP-3 in (NP fiscal 1988))) and (PP (NP=2 (QP $ 3.9 million) *U*) (PP-TMP=3 in (NP 1985))))))))) .)) (TOP (S (INTJ No) , (NP-SBJ it) (VP was n't (NP-PRD Black Monday)) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ the New York Stock Exchange) (VP did n't (VP fall (ADVP-CLR apart) (NP-TMP Friday) (SBAR-TMP as (S (NP-SBJ the Dow Jones Industrial Average) (VP plunged (NP-EXT (NP 190.58 points) (PRN -- (NP (NP most) (PP of (NP it)) (PP-TMP in (NP the final hour))) --))))))))) (NP-SBJ-2 it) (ADVP barely) (VP managed (S (NP-SBJ *-2) (VP to (VP stay (NP-LOC-PRD (NP this side) (PP of (NP chaos))))))) .)) (TOP (S-1 (NP-SBJ-2 (NP Some `` circuit breakers '') (VP installed (NP *) (PP-TMP after (NP the October 1987 crash)))) (VP failed (NP their first test) (PRN , (S (NP-SBJ traders) (VP say (SBAR 0 (S *T*-1)))) ,) (S-ADV (NP-SBJ-3 *-2) (ADJP-PRD unable (S (NP-SBJ *-3) (VP to (VP cool (NP (NP the selling panic) (PP-LOC in (NP both stocks and futures))))))))) .)) (TOP (S (NP-SBJ (NP (NP The 49 stock specialist firms) (PP-LOC on (NP the Big Board floor))) -- (NP (NP the buyers and sellers) (PP of (NP last resort)) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP were (VP criticized (NP *-1) (PP-TMP after (NP the 1987 crash))))))) --) (ADVP-TMP once again) (VP could n't (VP handle (NP the selling pressure))) .)) (TOP (S (S-TPC-4 (NP-SBJ-1 Big investment banks) (VP refused (S (NP-SBJ-2 *-1) (VP to (VP step (ADVP-DIR up (PP to (NP the plate))) (S-PRP (NP-SBJ-3 *-2) (VP to (VP support (NP the beleaguered floor traders) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP buying (NP (NP big blocks) (PP of (NP stock)))))))))))))) , (NP-SBJ traders) (VP say (SBAR 0 (S *T*-4))) .)) (TOP (S (NP-SBJ (NP Heavy selling) (PP of (NP (NP Standard & Poor 's) 500-stock index futures)) (PP-LOC in (NP Chicago))) (VP (ADVP-MNR relentlessly) beat (NP stocks) (ADVP-DIR downward)) .)) (TOP (S (NP-SBJ-1 (NP Seven Big Board stocks) -- (NP (NP UAL) , (NP AMR) , (NP BankAmerica) , (NP Walt Disney) , (NP Capital Cities/ABC) , (NP Philip Morris) and (NP Pacific Telesis Group)) --) (VP (VP stopped (S (NP-SBJ *-1) (VP trading))) and (VP (ADVP-TMP never) resumed)) .)) (TOP (S (NP-SBJ The finger-pointing) (VP has (ADVP-TMP already) (VP begun)) .)) (TOP (S `` (NP-SBJ The equity market) (VP was (ADJP-PRD illiquid)) .)) (TOP (SINV (S-TPC-2 (ADVP-TMP Once again) -LCB- (NP-SBJ-3 the specialists) -RCB- (VP were not (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP handle (NP (NP the imbalances) (PP-LOC on (NP (NP the floor) (PP of (NP the New York Stock Exchange))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Christopher Pedersen) , (NP (NP senior vice president) (PP-LOC at (NP Twenty-First Securities Corp)))) .)) (TOP (SINV (VP Countered (SBAR 0 (S *ICH*-2))) (NP-SBJ (NP James Maguire) , (NP (NP chairman) (PP of (NP specialists Henderson Brothers Inc.)))) : `` (S-2 (NP-SBJ (NP It) (S *EXP*-1)) (VP is (ADJP-PRD easy) (S-1 (NP-SBJ *) (VP to (VP say (SBAR 0 (S (NP-SBJ the specialist) (VP is n't (VP doing (NP his job)))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the dollar) (VP is (PP-LOC-PRD in (NP a free-fall)) (ADVP-TMP *T*-1)))) , (NP-SBJ even central banks) (VP ca n't (VP stop (NP it))) .)) (TOP (S (NP-SBJ Speculators) (VP are (VP calling (PP-CLR for (NP (NP a degree) (PP of (NP liquidity)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is not (ADVP-LOC-PRD there) (PP-LOC in (NP the market))))))))) . '')) (TOP (S (NP-SBJ (NP Many money managers) and (NP some traders)) (VP had (ADVP-TMP already) (VP left (NP their offices) (NP-TMP early Friday afternoon) (PP-TMP on (NP a warm autumn day)) -- (SBAR-PRP because (S (NP-SBJ the stock market) (VP was (ADJP-PRD so quiet)))))) .)) (TOP (S Then (PP-LOC in (NP a lightning plunge)) , (NP-SBJ-1 the Dow Jones industrials) (PP-TMP in (NP (QP barely an) hour)) (VP surrendered (NP (NP (QP about a) third) (PP of (NP (NP their gains) (NP-TMP this year)))) , (S-ADV (NP-SBJ *-1) (VP chalking (PRT up) (NP (NP a (ADJP (ADJP 190.58-point) , or (ADJP 6.9 %) ,) loss) (PP-TMP on (NP the day))) (PP-LOC in (NP gargantuan trading volume))))) .)) (TOP (S (NP-SBJ Final-hour trading) (VP accelerated (PP-DIR to (NP (NP (QP 108.1 million) shares) , (NP (NP a record) (PP for (NP the Big Board)))))) .)) (TOP (S (PP-TMP At (NP (NP the end) (PP of (NP the day)))) , (NP-SBJ-1 (QP 251.2 million) shares) (VP were (VP traded (NP *-1))) .)) (TOP (S (NP-SBJ The Dow Jones industrials) (VP closed (PP-CLR at (NP 2569.26))) .)) (TOP (S (NP-SBJ (NP The Dow 's) decline) (VP was (ADJP-PRD second (PP in (NP point terms)) (PP (ADVP only) to (NP (NP the 508-point Black Monday crash) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP occurred (NP-TMP Oct. 19 , 1987)))))))) .)) (TOP (S (PP-LOC In (NP percentage terms)) , (ADVP however) , (NP-SBJ (NP the Dow 's) dive) (VP was (NP-PRD (NP (NP the 12th-worst) (ADVP-TMP ever)) and (NP (NP the sharpest) (SBAR-TMP since (S (NP-SBJ the market) (VP fell (NP-EXT (NP 156.83) , or (NP 8 %)) , (PP-TMP (NP a week) after (NP Black Monday)))))))) .)) (TOP (S (NP-SBJ The Dow) (VP fell (NP-EXT 22.6 %) (PP-TMP on (NP Black Monday))) .)) (TOP (S (NP-SBJ-1 (NP Shares) (PP of (NP (NP UAL) , (NP (NP the parent) (PP of (NP United Airlines))) ,))) (VP were (ADJP-PRD extremely active) (NP-TMP all day) (NP-TMP Friday) , (S-ADV (NP-SBJ *-1) (VP reacting (PP-CLR to (NP (NP news and rumors) (PP about (NP (NP the proposed (ADJP (QP $ 6.79 billion) *U*) buy-out) (PP of (NP the airline)) (PP by (NP an employee-management group))))))))) .)) (TOP (S (NP-SBJ (NP Wall Street 's) (NX (NX takeover-stock speculators) , or `` (NX risk arbitragers) , '')) (VP had (VP placed (NP (ADJP unusually large) bets (SBAR that (S (S (NP-SBJ a takeover) (VP would (VP succeed))) and (S (NP-SBJ UAL stock) (VP would (VP rise)))))))) .)) (TOP (S (SINV (PP-TMP At (NP 2:43 p.m. EDT)) , came (NP-SBJ the sickening news)) : (S (NP-SBJ The Big Board) (VP was (VP halting (NP (NP trading) (PP-LOC in (NP UAL))) , `` (PP-TMP pending (NP news))))) . '')) (TOP (SINV (S-TPC-1 (PP-LOC On (NP the exchange floor)) , `` (ADVP-TMP (ADVP as soon) (SBAR as (S (NP-SBJ-2 UAL) (VP stopped (S (NP-SBJ *-2) (VP trading)))))) , (NP-SBJ we) (VP braced (PP-CLR for (NP a panic)))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ one top floor trader) .)) (TOP (S (NP-SBJ-1 Several traders) (VP could (VP be (VP seen (S (NP-SBJ *-1) (VP shaking (NP their heads))) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the news) (VP flashed (ADVP-TMP *T*-2))))))) .)) (TOP (S (PP-TMP For (NP weeks)) , (NP-SBJ the market) (VP had (VP been (ADJP-PRD nervous (PP about (NP takeovers))) , (SBAR-TMP after (S (NP-SBJ (NP Campeau Corp. 's) cash crunch) (VP spurred (NP (NP concern) (PP about (NP (NP the prospects) (PP for (NP future (ADJP highly leveraged) takeovers)))))))))) .)) (TOP (SINV And (PP-TMP (NP 10 minutes) after (NP the UAL trading halt)) (VP came) (NP-SBJ news (SBAR that (S (NP-SBJ the UAL group) (VP could n't (VP get (NP (NP financing) (PP for (NP its bid)))))))) .)) (TOP (S (PP-TMP At (NP this point)) , (NP-SBJ the Dow) (VP was (ADVP-PRD down (NP (QP about 35) points))) .)) (TOP (S (NP-SBJ The market) (VP crumbled) .)) (TOP (S (S (NP-SBJ Arbitragers) (VP could n't (VP dump (NP their UAL stock)))) -- but (S (NP-SBJ they) (VP rid (NP themselves) (PP-CLR of (NP (NP (ADJP nearly every) `` rumor '' stock) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP had (NP *T*-1)))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ their selling) (VP caused (S (NP-SBJ-5 (NP trading halts) (PP-LOC *ICH*-1)) (VP to (VP be (VP declared (NP *-5) (PP-LOC-1 in (NP (NP (NP USAir Group) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP closed (ADVP-CLR down (NP (QP 3 7/8)) (PP to (NP (QP 41 1/2)))))))) , (NP (NP Delta Air Lines) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP fell (NP-EXT (QP 7 3/4)) (PP-DIR to (NP (QP 69 1/4))))))) , and (NP (NP Philips Industries) , (SBAR (WHNP-4 which) (S (NP-SBJ *T*-4) (VP sank (NP-EXT 3) (PP-DIR to (NP (QP 21 1/2)))))))))))))) .)) (TOP (S (NP-SBJ These stocks) (ADVP-TMP eventually) (VP reopened) .)) (TOP (S But (SBAR-TMP as (S (NP-SBJ panic) (VP spread))) , (NP-SBJ-1 speculators) (VP began (S (NP-SBJ-2 *-1) (VP to (VP sell (NP (NP blue-chip stocks) (PP such as (NP (NP Philip Morris) and (NP International Business Machines)))) (S-PRP (NP-SBJ *-2) (VP to (VP offset (NP their losses)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 (NP trading) (PP-LOC *ICH*-3)) (VP was (VP halted (NP *-1) (PP-LOC-3 in (NP Philip Morris)) (ADVP-TMP *T*-2))))) , (NP-SBJ the stock) (VP was (VP trading (PP-CLR at (NP 41)) , (ADVP down (NP (QP 3 3/8))) , (SBAR-ADV while (S (NP-SBJ IBM) (VP closed (ADVP (NP (QP 5 5/8)) lower) (PP-CLR at (NP 102))))))) .)) (TOP (S (NP-SBJ Selling) (VP snowballed (PP-PRP because of (NP (NP waves) (PP of (NP (NP automatic `` stop-loss '' orders) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP are (VP triggered (NP *-1) (PP by (NP-LGS computer)) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ prices) (VP fall (PP-DIR to (NP certain levels)) (ADVP-TMP *T*-3))))))))))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP the stock selling pressure))) (VP came (PP-DIR from (NP (NP Wall Street professionals) , (PP including (NP computer-guided program traders))))) .)) (TOP (S (NP-SBJ Traders) (VP said (SBAR 0 (S (NP-SBJ (NP most) (PP of (NP their major institutional investors))) , (PP on (NP the other hand)) , (VP sat (ADVP-MNR tight))))) .)) (TOP (S (ADVP-TMP Now) , (PP-TMP at (NP 3:07)) , (NP-SBJ (NP one) (PP of (NP (NP the market 's) post-crash `` reforms ''))) (VP took (NP hold) (SBAR-TMP as (S (NP-SBJ the S&P 500 futures contract) (VP had (VP plunged (NP-EXT (NP 12 points) , (ADJP equivalent (PP to (NP (NP (QP around a 100-point) drop) (PP-LOC in (NP the Dow industrials))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP an agreement) (VP signed (NP *) (PP by (NP-LGS (NP the Big Board) and (NP the Chicago Mercantile Exchange)))))) , (NP-SBJ-1 trading) (VP was (ADVP-TMP temporarily) (VP halted (NP *-1) (PP-LOC in (NP Chicago)))) .)) (TOP (S (PP-TMP After (NP (NP the trading halt) (PP-LOC in (NP (NP the S&P 500 pit) (PP-LOC in (NP Chicago)))))) , (S (NP-SBJ-1 (NP waves) (PP of (NP selling))) (VP continued (S (NP-SBJ *-1) (VP to (VP hit (NP (NP stocks) (NP themselves)) (PP-LOC on (NP the Big Board))))))) , and (S (NP-SBJ-2 specialists) (VP continued (S (NP-SBJ *-2) (VP to (VP notch (NP prices) (ADVP-DIR down)))))) .)) (TOP (S (PP-PRP As (NP a result)) , (NP-SBJ (NP the link) (PP between (NP the futures and stock markets))) (VP ripped (ADVP-CLR apart)) .)) (TOP (S (PP Without (NP (NP the guidepost) (PP of (NP (NP stock-index futures) -- (NP (NP the barometer) (PP of (SBAR-NOM (WHADVP-2 where) (S (NP-SBJ traders) (VP think (SBAR 0 (S (NP-SBJ-1 the overall stock market) (VP is (VP headed (NP *-1) (ADVP-DIR *T*-2)))))))))) --)))) (NP-SBJ-3 many traders) (VP were (ADJP-PRD afraid (S (NP-SBJ *-3) (VP to (VP trust (NP (NP stock prices) (VP quoted (NP *) (PP-LOC on (NP the Big Board))))))))) .)) (TOP (S (NP-SBJ-1 The futures halt) (VP was (ADVP even) (VP assailed (NP *-1) (PP by (NP-LGS Big Board floor traders)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP screwed (NP things) (PRT up))) , '' (VP said (S *T*-1)) (NP-SBJ one major specialist) .)) (TOP (S (NP-SBJ This confusion) (VP (ADVP-MNR effectively) halted (NP (NP (NP one form) (PP of (NP program trading))) , (NP stock index arbitrage) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP (ADVP-MNR closely) links (NP the futures and stock markets)) , and (VP has (VP been (VP blamed (NP *T*-1) (PP by (NP-LGS some)) (PP-CLR for (NP (NP the market 's) big swings)))))))))) .)) (TOP (S -LRB- (PP-LOC In (NP a stock-index arbitrage sell program)) , (NP-SBJ-1 traders) (VP (VP buy or sell (NP (NP big baskets) (PP of (NP stocks)))) and (VP offset (NP (NP the trade) (PP-LOC in (NP futures))) (S-PRP (NP-SBJ *-1) (VP to (VP lock (PRT in) (NP a price difference)))))) . -RRB-)) (TOP (S `` (S-TPC-3 (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ the airline information) (VP came (ADVP-CLR through) (ADVP-TMP *T*-2)))) , (NP-SBJ it) (VP cracked (NP (NP every model) (SBAR (WHNP-1 0) (S (NP-SBJ we) (VP had (NP *T*-1)))) (PP for (NP the marketplace))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP a managing director) (PP-LOC at (NP (NP one) (PP of (NP the largest program-trading firms))))) .)) (TOP (S `` (NP-SBJ We) (VP did n't (ADVP even) (VP get (NP a chance (S (NP-SBJ *) (VP to (VP do (NP (NP the programs) (SBAR (WHNP-2 0) (S (NP-SBJ-1 we) (VP wanted (S (NP-SBJ *-1) (VP to (VP do (NP *T*-2)))))))))))))) . '')) (TOP (S But (NP-SBJ-1 stocks) (VP kept (S (NP-SBJ *-1) (VP falling))) .)) (TOP (S (NP-SBJ The Dow industrials) (VP were (ADVP-PRD down (NP 55 points)) (PP-TMP at (NP 3 p.m.)) (PP-TMP before (NP the futures-trading halt))) .)) (TOP (S (PP-TMP At (NP 3:30 p.m.)) , (PP-TMP at (NP (NP the end) (PP of (NP the `` cooling off '' period)))) , (NP-SBJ the average) (VP was (ADVP-PRD down (NP 114.76 points))) .)) (TOP (S (ADVP-TMP Meanwhile) , (PP-TMP during (NP the the S&P trading halt)) , (NP-SBJ-2 S&P futures sell orders) (VP began (S (NP-SBJ *-2) (VP piling (PRT up))) , (SBAR-ADV while (S (NP-SBJ-1 (NP stocks) (PP-LOC in (NP New York))) (VP kept (S (NP-SBJ *-1) (VP falling (ADVP-MNR sharply))))))) .)) (TOP (S (NP-SBJ Big Board Chairman John J. Phelan) (VP said (NP-TMP yesterday) (SBAR 0 (S (NP-SBJ the circuit breaker) `` (VP worked (ADVP-MNR well) (ADVP-MNR mechanically))))) .)) (TOP (S (NP-SBJ I) (ADVP just) (VP think (SBAR 0 (S (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD nonproductive) (PP-TMP at (NP this point)) (S-1 (NP-SBJ *) (VP to (VP get (PP-DIR into (NP a debate (SBAR if (S (NP-SBJ index arbitrage) (VP would (VP have (VP helped or hurt (NP things))))))))))))))) . '')) (TOP (S (PP-LOC Under (NP another post-crash system)) , (NP-SBJ Big Board President Richard Grasso) (PRN -LRB- (S (NP-SBJ Mr. Phelan) (VP was (VP flying (PP-DIR to (NP Bangkok)) (SBAR-TMP as (S (NP-SBJ the market) (VP was (VP falling))))))) -RRB-) (VP was (VP talking (PP-LOC on (NP (NP an `` inter-exchange hot line '') (PP to (NP (NP the other exchanges) , (NP the Securities and Exchange Commission) and (NP the Federal Reserve Board))))))) .)) (TOP (S (NP-SBJ He) (VP camped (PRT out) (PP-LOC at (NP (NP a high-tech nerve center) (PP-LOC on (NP (NP the floor) (PP of (NP the Big Board)))) , (SBAR (WHADVP-1 where) (S (NP-SBJ he) (VP could (VP watch (NP (NP updates) (PP on (NP (NP prices) and (NP pending stock orders)))) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (S (PP-TMP At (NP about 3:30 p.m. EDT)) , (NP-SBJ-1 S&P futures) (VP resumed (S (NP-SBJ *-1) (VP trading)))) , and (S (PP-TMP for (NP a brief time)) (NP-SBJ-2 the futures and stock markets) (VP started (S (NP-SBJ *-2) (VP to (VP come (ADVP-DIR back (PP in (NP line)))))))) .)) (TOP (S (NP-SBJ Buyers) (VP stepped (ADVP-DIR in (PP to (NP the futures pit)))) .)) (TOP (S (S But (NP-SBJ (NP the build-up) (PP of (NP S&P futures sell orders))) (VP weighed (PP-CLR on (NP the market)))) , and (S (NP-SBJ-1 (NP the link) (PP with (NP stocks))) (VP began (S (NP-SBJ *-1) (VP to (VP fray (ADVP-TMP again)))))) .)) (TOP (S (PP-TMP At (NP about 3:45)) , (S (NP-SBJ the S&P market) (VP careened (PP-DIR to (NP (NP (ADJP still another) limit ,) (PP of (NP (NP 30 points) (ADVP down))))))) , and (S (NP-SBJ-1 trading) (VP was (VP locked (NP *-1) (ADVP-TMP again)))) .)) (TOP (S (NP-SBJ Futures traders) (VP say (SBAR 0 (S (NP-SBJ the S&P) (VP was (VP signaling (SBAR that (S (NP-SBJ the Dow) (VP could (VP fall (NP-EXT (NP as much) (PP as (NP 200 points)))))))))))) .)) (TOP (S (PP-TMP During (NP this time)) , (NP-SBJ-1 small investors) (VP began (S (NP-SBJ *-1) (VP ringing (NP their brokers))) , (S-ADV (NP-SBJ *-1) (VP wondering (SBAR whether (S (NP-SBJ another crash) (VP had (VP begun))))))) .)) (TOP (S (PP-LOC At (NP (NP Prudential-Bache Securities Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (VP trying (S (NP-SBJ *-2) (VP to (VP cater (PP-CLR to (NP small investors))))))))) ,)) (NP-SBJ some demoralized brokers) (VP thought (SBAR 0 (S (NP-SBJ this) (VP would (VP be (NP-PRD the final confidence-crusher)))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRD (WHADVP-2 when) (S (NP-SBJ-1 (NP George L. Ball) , (NP (NP chairman) (PP of (NP the (NAC Prudential Insurance Co. (PP of (NP America))) unit))) ,) (VP took (PP-CLR to (NP the internal intercom system)) (S-PRP (NP-SBJ *-1) (VP to (VP declare (SBAR that (S (NP-SBJ the plunge) (VP was (ADJP-PRD only `` mechanical))))))) (ADVP-TMP *T*-2))))) . '')) (TOP (S `` (NP-SBJ I) (VP have (NP a hunch (SBAR that (S (NP-SBJ (NP this particular decline) (NP-TMP today)) (VP is (NP-PRD (NP something) ` (NP (NP more ado) (PP about (NP less))))))))) . ')) (TOP (S (S-TPC-2 (NP-SBJ (NP It) (S *EXP*-1)) (VP would (VP be (NP-PRD my inclination) (S-1 (NP-SBJ *) (VP to (VP advise (NP-3 clients) (S (NP-SBJ *-3) (VP (VP not to (VP sell)) , (VP to (VP look (PP-CLR for (NP an opportunity (S (NP-SBJ *) (VP to (VP buy))))))))))))))) , '' (NP-SBJ Mr. Ball) (VP told (NP the brokers) (S *T*-2)) .)) (TOP (S (PP-LOC At (NP (NP Merrill Lynch & Co.) , (NP (NP the nation 's) biggest brokerage firm))) , (NP-SBJ-3 (NP a news release) (VP *ICH*-2)) (VP was (VP prepared (NP *-3) (VP-2 headlined (S (NP-SBJ *) `` (S-TTL-PRD (NP-SBJ Merrill Lynch) (VP Comments (PP-CLR on (NP Market Drop)))))))) . '')) (TOP (S (NP-SBJ The release) (VP cautioned (SBAR (SBAR that `` (S (NP-SBJ there) (VP are (NP-PRD (NP significant differences) (PP between (NP (NP the current environment) and (NP (NP that) (PP of (NP October 1987)))))))) '') and (SBAR that (S (NP-SBJ there) (VP are (ADVP-TMP still) (NP-PRD `` (NP attractive investment opportunities) '' (PP-LOC in (NP the stock market)))))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP Jeffrey B. Lane) , (NP (NP president) (PP of (NP Shearson Lehman Hutton Inc.))) ,) (VP said (SBAR that (S (NP-SBJ-1 (NP Friday 's) plunge) (VP is `` (VP going (S (NP-SBJ *-1) (VP to (VP set (PRT back) '' (NP (NP relations) (PP with (NP customers)))))) , `` (SBAR-PRP because (S (NP-SBJ it) (VP reinforces (NP (NP the concern) (PP of (NP volatility))))))))))) .)) (TOP (S And (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ (NP a lot) (PP of (NP people))) (VP will (VP harp (PP-CLR on (NP program trading))))))) .)) (TOP (S (NP-SBJ-1 It) (VP 's (VP going (S (NP-SBJ *-1) (VP to (VP bring (NP the debate) (ADVP-DIR right back (PP to (NP the forefront)))))))) . '')) (TOP (S (SBAR-TMP As (S (NP-SBJ the Dow average) (VP ground (PP-DIR to (NP its final 190.58 loss)) (NP-TMP Friday)))) , (NP-SBJ the S&P pit) (VP stayed (ADJP-PRD locked (PP at (NP its 30-point trading limit)))) .)) (TOP (S (NP-SBJ (NP Jeffrey Yass) (PP of (NP program trader Susquehanna Investment Group))) (VP said (SBAR 0 (S (NP-SBJ (NP 2,000 S&P contracts) (NP *ICH*-1)) (VP were (PP-PRD for (NP sale)) (PP-TMP on (NP the close)) , (NP-1 (NP the equivalent) (PP of (NP (NP (QP $ 330 million) *U*) (PP in (NP stock))))))))) .)) (TOP (S But (NP-SBJ there) (VP were (NP-PRD no buyers)) .)) (TOP (S (S-TPC-1 (SBAR-ADV While (S (NP-SBJ (NP Friday 's) debacle) (VP involved (ADVP mainly) (NP (NP professional traders) (PP rather than (NP investors)))))) , (NP-SBJ it) (VP left (S (NP-SBJ the market) (ADJP-PRD vulnerable (PP to (NP continued selling))) (NP-TMP this morning)))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Stock-index futures contracts) (VP settled (PP-CLR at (NP (NP (ADJP much lower) prices) (PP than (NP (NP indexes) (PP of (NP (NP the stock market) (NP itself)))))))) .)) (TOP (S (PP-LOC At (NP those levels)) , (NP-SBJ-3 stocks) (VP are (VP set (PRT up) (S (NP-SBJ-1 *-3) (VP to (VP be (VP hammered (NP *-1) (PP by (NP-LGS (NP index arbitragers) , (SBAR (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (VP (VP lock (PRT in) (NP profits) (PP-MNR by (S-NOM (NP-SBJ *-4) (VP buying (NP futures) (SBAR-TMP (WHADVP-5 when) (S (NP-SBJ futures prices) (VP fall (ADVP-TMP *T*-5)))))))) , and (VP (ADVP-TMP simultaneously) sell (ADVP-CLR off) (NP stocks))))))))))))) .)) (TOP (S But (NP-SBJ nobody) (VP knows (SBAR (WHPP-1 at (WHNP what level)) (S (NP-SBJ the futures and stocks) (VP will (VP open (NP-TMP today) (PP-LOC *T*-1)))))) .)) (TOP (S (NP-SBJ (NP The de-linkage) (PP between (NP the stock and futures markets)) (NP-TMP Friday)) (VP will (ADVP undoubtedly) (VP cause (NP (NP renewed debate) (PP about (SBAR whether (S (NP-SBJ Wall Street) (VP is (ADJP-PRD properly prepared (PP for (NP another crash situation)))))))))) .)) (TOP (S (NP-SBJ (NP The Big Board 's) Mr. Grasso) (VP said , (SBAR 0 `` (S (NP-SBJ Our systemic performance) (VP was (ADJP-PRD good))))) . '')) (TOP (S But (NP-SBJ the exchange) (VP will `` (VP look (PP-CLR at (NP (NP the performance) (PP of (NP all specialists)) (PP-LOC in (NP all stocks)))))) .)) (TOP (S (S-TPC-3 (ADVP Obviously) (NP-SBJ we) (VP 'll (VP take (NP (NP a close look) (PP at (NP (NP any situation) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ we) (VP think (SBAR 0 (S (NP-SBJ-1 the (ADJP dealer-community) obligations) (VP were n't (VP met (NP *-1) (PP-LOC *T*-2)))))))))))))) , '' (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S -LRB- (NP-SBJ *) (VP See (NP (NP related story) : (NP `` (S-TTL (NP-SBJ Fed) (ADJP-PRD Ready (S (NP-SBJ *) (VP to (VP Inject (NP Big Funds)))))) '' -- (NP-LOC WSJ) (NP-TMP Oct. 16 , 1989)))) -RRB-)) (TOP (S But (NP-SBJ specialists) (VP complain (ADVP-MNR privately) (SBAR that (S (PP-LOC (ADVP just as) in (NP the 1987 crash)) , (NP-SBJ (NP the `` upstairs '' firms) -- (NP (NP big investment banks) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP support (NP the market) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP trading (NP (NP big blocks) (PP of (NP stock)))))))))) --) (VP stayed (PP-LOC-CLR on (NP the sidelines)) (PP-TMP during (NP (NP Friday 's) blood-letting)))))) .)) (TOP (S (NP-SBJ Mr. Phelan) (VP said , (SBAR 0 (S `` (NP-SBJ (NP It) (S *EXP*-2)) (VP will (VP take (NP another day (QP or two)) '' (S-2 (NP-SBJ *) (VP to (VP analyze (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (VP buying and selling (NP-TMP Friday))))))))))))) .)) (TOP (S (PP Concerning (NP (NP your Sept. 21 page-one article) (PP on (NP (NP Prince Charles) and (NP the leeches))))) : (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's (NP-PRD (QP a few hundred) years) (SBAR-1 since (S (NP-SBJ England) (VP has (VP been (NP-PRD a kingdom)))))) .)) (TOP (S (NP-SBJ It) (VP 's (ADVP-TMP now) (NP-PRD (NP (NP the United Kingdom) (PP of (NP (NP Great Britain) and (NP Northern Ireland)))) , (PP comprising (NP (NP Wales) , (NP Northern Ireland) , (NP Scotland) , and ... (INTJ oh yes) , (NP England) , too)))) .)) (TOP (S (NP-SBJ *) (ADVP Just) (VP thought (SBAR 0 (S (NP-SBJ-1 you) (VP 'd (VP like (S (NP-SBJ *-1) (VP to (VP know)))))))) .)) (TOP (NP George Morton)) (TOP (S (NP-SBJ (NAC Ports (PP of (NP Call))) Inc.) (VP reached (NP agreements (S (NP-SBJ *) (VP to (VP sell (NP its remaining seven aircraft) (PP-DTV to (NP (NP buyers) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were n't (VP disclosed (NP *-1)))))))))))) .)) (TOP (S (NP-SBJ The agreements) (VP bring (PP-DIR to (NP (NP a total) (PP of (NP nine)))) (NP (NP the number) (PP of (NP planes)) (SBAR (WHNP-1 0) (S (NP-SBJ the travel company) (VP has (VP sold (NP *T*-1) (NP-TMP this year) (PP as (NP (NP part) (PP of (NP a restructuring)))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 (NP a portion) (PP of (NP (NP the (QP $ 32 million) *U*) (VP realized (NP *) (PP-CLR from (NP the sales)))))) (VP will (VP be (VP used (NP-2 *-1) (S-CLR (NP-SBJ *-2) (VP to (VP repay (NP (NP its bank debt) and (NP (NP other obligations) (VP resulting (PP-CLR from (NP the (ADJP currently suspended) air-charter operations)))))))))))))) .)) (TOP (S (ADVP-TMP Earlier) (NP-SBJ the company) (VP announced (SBAR 0 (S (NP-SBJ it) (VP would (VP sell (NP (NP its aging fleet) (PP of (NP Boeing Co. 707s))) (PP-PRP because of (NP increasing maintenance costs))))))) .)) (TOP (S (NP-SBJ (NP A consortium) (PP of (NP private investors)) (VP operating (PP-CLR as (NP LJH Funding Co.)))) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP made (NP (NP a (ADJP (QP $ 409 million) *U*) cash bid) (PP for (NP (NP most) (PP of (NP (NP L.J. Hooker Corp. 's) real-estate and shopping-center holdings)))))))))) .)) (TOP (S (NP-SBJ The (ADJP (QP $ 409 million) *U*) bid) (VP includes (NP (NP the assumption) (PP of (NP (NP an estimated (QP $ 300 million) *U*) (PP in (NP (NP secured liabilities) (PP on (NP those properties))))))) , (PP according (PP to (NP (NP those) (VP making (NP the bid)))))) .)) (TOP (S (NP-SBJ-1 The group) (VP is (VP led (NP *-1) (PP by (NP-LGS (NP (NP Jay Shidler) , (NP (NP chief executive officer) (PP of (NP (NP Shidler Investment Corp.) (PP-LOC in (NP Honolulu)))))) , and (NP (NP A. Boyd Simpson) , (NP (NP chief executive) (PP of (NP the Atlanta-based Simpson Organization Inc)))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Mr. Shidler 's) company) (VP (VP specializes (PP-CLR in (NP commercial real-estate investment))) and (VP claims (S (NP-SBJ *-1) (VP to (VP have (NP (NP (QP $ 1 billion) *U*) (PP in (NP assets))))))))) ; (S (NP-SBJ Mr. Simpson) (VP is (NP-PRD (NP a developer) and (NP (NP a former senior executive) (PP of (NP L.J. Hooker)))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ The assets) (VP are (ADJP-PRD good))) , but (S (NP-SBJ they) (VP require (NP (NP more money and management) '' (SBAR than (S (NP-SBJ-1 *) (VP can (VP be (VP provided (NP *-1) (PP-LOC in (NP (NP L.J. Hooker 's) current situation))))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ Mr. Simpson) (PP-LOC in (NP an interview)) . ``)) (TOP (S (NP-SBJ (NP Hooker 's) philosophy) (VP was (S-PRD (NP-SBJ *) (VP to (VP build and sell)))) .)) (TOP (S (NP-SBJ-1 We) (VP want (S (NP-SBJ *-1) (VP to (VP build and hold)))) . '')) (TOP (S (NP-SBJ (NP L.J. Hooker) , (VP based (NP *) (PP-LOC-CLR in (NP Atlanta))) ,) (VP is (VP operating (PP with (NP (NP protection) (PP from (NP its creditors)) (PP-LOC under (NP (NP Chapter 11) (PP of (NP the U.S. Bankruptcy Code)))))))) .)) (TOP (S (NP-SBJ-1 (NP Its parent company) , (NP (NP Hooker Corp.) (PP of (NP (NP Sydney) , (NP Australia)))) ,) (VP is (ADVP-TMP currently) (VP being (VP managed (NP *-1) (PP by (NP-LGS a court-appointed provisional liquidator))))) .)) (TOP (S (NP-SBJ (NP Sanford Sigoloff) , (NP (NP chief executive) (PP of (NP L.J. Hooker))) ,) (VP said (NP-TMP yesterday) (PP-LOC in (NP a statement)) (SBAR (SBAR that (S (NP-SBJ he) (VP has not (ADVP-TMP yet) (VP seen (NP the bid))))) but (SBAR that (S (NP-SBJ he) (VP would (VP (VP review (NP it)) and (VP bring (NP it) (PP-DIR to (NP (NP the attention) (PP of (NP the creditors committee))))))))))) .)) (TOP (S (NP-SBJ-1 The (ADJP (QP $ 409 million) *U*) bid) (VP is (VP estimated (NP-2 *-1) (PP by (NP-LGS Mr. Simpson)) (PP-CLR as (S-NOM (NP-SBJ *-2) (VP representing (NP (NP 75 %) (PP of (NP (NP the value) (PP of (NP (NP all Hooker real-estate holdings) (PP-LOC in (NP the U.S.)))))))))))) .)) (TOP (SINV (VP-TPC-1 Not included (NP *) (PP-CLR in (NP the bid))) (VP are (VP *T*-1)) (NP-SBJ (NP (NP Bonwit Teller) or (NP B. Altman & Co.)) , (NP (NP L.J. Hooker 's) department-store chains)) .)) (TOP (S (NP-SBJ The offer) (VP covers (NP (NP (NP the massive 1.8 million-square-foot Forest Fair Mall) (PP-LOC in (NP Cincinnati))) , (NP (NP the 800,000 square-foot Richland Fashion Mall) (PP-LOC in (NP (NP Columbia) , (NP S.C.)))) , and (NP (NP the 700,000 square-foot Thornton Town Center mall) (PP-LOC in (NP (NP Thornton) , (NP Colo)))))) .)) (TOP (S (S (NP-SBJ The Thornton mall) (VP opened (NP-TMP Sept. 19) (PP with (NP (NP a (NP Bigg 's) hypermarket) (PP as (NP its anchor)))))) ; (S (NP-SBJ-1 the Columbia mall) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP open (NP-TMP Nov. 15))))))) .)) (TOP (S (NP-SBJ (NP Other Hooker properties) (VP included (NP *))) (VP are (NP-PRD (NP (NP (NP a 20-story office tower) (PP-LOC in (NP midtown Atlanta))) , (VP expected (S (NP-SBJ-1 *) (VP to (VP be (VP completed (NP *-1) (NP-TMP next February))))))) ; (NP (NP vacant land sites) (PP-LOC in (NP Florida and Ohio))) ; (NP (NP L.J. Hooker International) , (NP (NP the commercial real-estate brokerage company) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (ADVP-TMP once) (VP did (NP business) (PP as (NP Merrill Lynch Commercial Real Estate))))))) , plus (NP other shopping centers))) .)) (TOP (S (NP-SBJ-1 The consortium) (VP was (VP put (NP *-1) (ADVP-CLR together) (PP by (NP-LGS (NP Hoare Govett) , (NP (NP the London-based investment banking company) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP is (NP-PRD (NP a subsidiary) (PP of (NP Security Pacific Corp))))))))))) .)) (TOP (SINV `` (S-TPC (NP-SBJ We) (VP do n't (VP anticipate (NP (NP any problems) (PP-LOC in (S-NOM (NP-SBJ *) (VP raising (NP (NP the funding) (PP for (NP the bid)))))))))) , '' (VP said) (NP-SBJ (NP Allan Campbell) , (NP (NP the head) (PP of (NP mergers and acquisitions)) (PP-LOC at (NP Hoare Govett)))) , (PP-LOC in (NP an interview)) .)) (TOP (S (NP-SBJ Hoare Govett) (VP is (VP acting (PP-CLR as (NP (NP the consortium 's) investment bankers)))) .)) (TOP (S (PP According (PP to (NP (NP people) (ADJP familiar (PP with (NP the consortium)))))) , (NP-SBJ-2 the bid) (VP was (VP code-named (S (NP-SBJ *-2) (NP-PRD (NP Project Klute) , (NP (NP a reference) (PP to (NP (NP the film `` (NX-TTL Klute) '') (SBAR (WHPP-3 in (WHNP which)) (S (NP-SBJ-1 (NP a prostitute) (VP played (NP *) (PP by (NP-LGS actress Jane Fonda)))) (VP is (VP saved (NP *-1) (PP-CLR from (NP a psychotic businessman)) (PP by (NP-LGS (NP a police officer) (VP named (S (NP-SBJ *) (NP-PRD John Klute))))) (PP-LOC *T*-3)))))))))))) .)) (TOP (S (NP-SBJ L.J. Hooker) (VP was (NP-PRD (NP a small home-building company) (VP based (NP *) (PP-LOC-CLR in (NP Atlanta)))) (PP-TMP in (NP (NP 1979) (SBAR (WHADVP-3 when) (S (NP-SBJ-1 Mr. Simpson) (VP was (VP hired (NP-2 *-1) (S-PRP (NP-SBJ *-2) (VP to (VP push (NP it) (PP-DIR into (NP commercial development))))) (ADVP-TMP *T*-3)))))))) .)) (TOP (S (NP-SBJ The company) (VP grew (ADVP-MNR modestly) (PP-TMP until (NP (NP 1986) , (SBAR (WHADVP-2 when) (S (NP-SBJ-1 (NP a majority position) (PP-LOC in (NP Hooker Corp.))) (VP was (VP acquired (NP *-1) (PP by (NP-LGS (NP Australian developer George Herscu) , (ADVP-TMP currently) (NP (NP Hooker 's) chairman))) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (NP-SBJ-2 Mr. Herscu) (VP proceeded (S (NP-SBJ *-2) (VP to (VP launch (NP (NP an (ADJP ambitious , but ill-fated ,) (ADJP (QP $ 1 billion) *U*) acquisition binge) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP included (NP (NP (NP Bonwit Teller) and (NP B. Altman & Co.)) , (CONJP as well as) (NP (NP majority positions) (PP-LOC in (NP (NP (NP Merksamer Jewelers) , (NP a Sacramento chain)) ; (NP (NP Sakowitz Inc.) , (NP the Houston-based retailer)) , and (NP (NP Parisian Inc.) , (NP the Southeast department-store chain)))))))))))))) .)) (TOP (S (ADVP-TMP Eventually) (S (NP-SBJ (NP Mr. Simpson) and (NP Mr. Herscu)) (VP had (NP a falling out) (PP over (NP (NP the direction) (PP of (NP the company)))))) , and (S (NP-SBJ Mr. Simpson) (VP said (SBAR 0 (S (NP-SBJ he) (VP resigned (PP-TMP in (NP 1988))))))) .)) (TOP (S (PP-TMP Since (NP then)) , (NP-SBJ-1 Hooker Corp.) (VP (VP has (VP sold (NP (NP its interest) (PP-LOC in (NP the Parisian chain))) (ADVP-CLR back (PP to (NP (NP Parisian 's) management))))) and (VP is (ADVP-TMP currently) (VP attempting (S (NP-SBJ *-1) (VP to (VP sell (NP the B. Altman & Co. chain))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP Robert Sakowitz) , (NP (NP chief executive) (PP of (NP the Sakowitz chain))) ,) (VP is (VP seeking (NP (NP funds) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP buy (PRT out) (NP (NP the Hooker interest) (PP-LOC in (NP his company)))))))))) .)) (TOP (S (NP-SBJ-1 The Merksamer chain) (VP is (ADVP-TMP currently) (VP being (VP offered (NP *-1) (PP-CLR for (NP sale)) (PP by (NP-LGS First Boston Corp))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Reached (NP *-1) (PP-LOC in (NP Honolulu)))) , (NP-SBJ-2 Mr. Shidler) (VP said (SBAR that (S (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ the various Hooker malls) (VP can (VP become (ADJP-PRD profitable) (PP with (NP new management)))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ These) (VP are n't (NP-PRD mature assets))) , but (S (NP-SBJ they) (VP have (NP (NP the potential) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP be (ADVP-PRD so) (ADVP *T*-1))))))))) , '' (VP said (S *T*-2)) (NP-SBJ Mr. Shidler) .)) (TOP (S `` (S-ADV (NP-SBJ-2 *-1) (VP Managed (NP *-2) (UCP (ADVP-MNR properly) , and (PP with (NP a long-term outlook))))) , (NP-SBJ-1 these) (VP can (VP become (NP-PRD investment-grade quality properties))) .)) (TOP (S (S-TPC-1 (NP-SBJ Canadian steel-ingot production) (VP totaled (NP 291,890 metric tons) (PP-TMP in (NP (NP the week) (VP ended (NP-TMP Oct. 7)))) , (ADVP up (NP 14.8 %) (PP from (NP (NP (NP the preceding week 's) total) (PP of (NP 254,280 tons))))))) , (NP-SBJ (NP Statistics Canada) , (NP a federal agency) ,) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The week 's) total) (VP was (ADVP-PRD up (NP 6.2 %) (PP from (NP 274,963 tons) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ The year-to-date total) (VP was (NP-PRD 12,006,883 tons) , (ADVP up (NP 7.8 %) (PP from (NP 11,141,711 tons) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ-1 The Treasury) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP raise (NP (NP (QP $ 175 million) *U*) (PP in (NP new cash))) (NP-TMP Thursday) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP (VP selling (NP (NP (QP about $ 9.75 billion) *U*) (PP of (NP 52-week bills)))) and (VP redeeming (NP (NP $ 9.58 billion *U*) (PP of (NP maturing bills))))))))))) .)) (TOP (S (NP-SBJ-1 The bills) (VP (VP will (VP be (VP dated (S (NP-SBJ *-1) (NP-PRD Oct. 26))))) and (VP will (VP mature (NP-TMP Oct. 25 , 1990)))) .)) (TOP (S (NP-SBJ They) (VP will (VP be (ADJP-PRD available (PP in (NP (NP minimum denominations) (PP of (NP $ 10,000 *U*))))))) .)) (TOP (S (NP-SBJ-1 Bids) (VP must (VP be (VP received (NP *-1) (PP-TMP by (NP 1 p.m. EDT)) (NP-TMP Thursday) (PP-LOC (PP at (NP the Treasury)) or (PP at (NP Federal Reserve banks or branches)))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ small investors) (VP peppered (NP their mutual funds) (PP-CLR with (NP phone calls)) (PP-TMP over (NP the weekend))))) , (NP-SBJ big fund managers) (VP said (SBAR 0 (S (NP-SBJ they) (VP have (NP (NP (NP a strong defense) (PP against (NP (NP any wave) (PP of (NP withdrawals))))) : (NP cash)))))) .)) (TOP (S (PP Unlike (NP (NP the weekend) (PP-TMP before (NP Black Monday)))) , (NP-SBJ-1 the funds) (VP were n't (VP swamped (NP *-1) (PP-CLR with (NP heavy withdrawal requests)))) .)) (TOP (S And (NP-SBJ many fund managers) (VP (VP have (VP built (PRT up) (NP cash levels))) and (VP say (SBAR 0 (S (NP-SBJ they) (VP will (VP be (VP buying (NP stock) (NP-TMP this week)))))))) .)) (TOP (S (PP-LOC At (NP (NP Fidelity Investments) , (NP (NP the nation 's) largest fund company) ,)) (S (NP-SBJ telephone volume) (VP was (ADVP-PRD up sharply))) , but (S (NP-SBJ it) (VP was (ADVP-TMP still) (PP-LOC-PRD at (NP (NP (QP just half) the level) (PP of (NP (NP the weekend) (VP preceding (NP Black Monday)) (PP-TMP in (NP 1987)))))))) .)) (TOP (S (NP-SBJ The Boston firm) (VP said (SBAR 0 (S (NP-SBJ stock-fund redemptions) (VP were (VP running (PP-LOC-CLR at (NP (NP (QP less than one-third) the level) (ADVP-TMP (NP two years) ago)))))))) .)) (TOP (S (PP-TMP As (PP of (NP yesterday afternoon))) , (NP-SBJ the redemptions) (VP represented (NP (NP (NP (QP less than 15) %) (PP of (NP (NP the total cash position) (PP of (NP (QP about $ 2 billion) *U*)) (PP of (NP (NP Fidelity 's) stock funds))))))) .)) (TOP (SINV `` (S-TPC-2 (ADVP-TMP (NP Two years) ago) (NP-SBJ there) (VP were (NP-PRD (NP (NP massive redemption levels) (PP-TPC over (NP the weekend))) and (NP (NP a lot) (PP of (NP fear)) (ADVP-LOC around))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP C. Bruce Johnstone) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP (NP Fidelity Investments ') (ADJP (QP $ 5 billion) *U*) Equity-Income Fund))))) .)) (TOP (S `` (NP-SBJ This) (VP feels (PP-CLR (ADVP more) like (NP a one-shot deal))) .)) (TOP (S (NP-SBJ People) (VP are n't (VP panicking)) . '')) (TOP (S (NP-SBJ The test) (VP may (VP come (NP-TMP today))) .)) (TOP (S (NP-SBJ (NP Friday 's) stock market sell-off) (VP came (ADVP-TMP too late (SBAR for (S (NP-SBJ many investors) (VP to (VP act)))))) .)) (TOP (S (NP-SBJ Some shareholders) (VP have (VP held (ADVP-CLR off) (PP-TMP until (NP today)) (SBAR-PRP because (S (NP-SBJ (NP any fund exchanges) (VP made (NP *) (PP-TMP after (NP (NP Friday 's) close)))) (VP would (VP take (NP place) (PP at (NP (NP today 's) closing prices)))))))) .)) (TOP (S (NP-SBJ-1 Stock fund redemptions) (PP-TMP during (NP the 1987 debacle)) (VP did n't (VP begin (S (NP-SBJ *-1) (VP to (VP snowball))) (PP-TMP until (SBAR after (S (NP-SBJ the market) (VP opened (PP-TMP on (NP Black Monday)))))))) .)) (TOP (S But (NP-SBJ fund managers) (VP say (SBAR 0 (S (NP-SBJ they) (VP 're (ADJP-PRD ready))))) .)) (TOP (S (NP-SBJ Many) (VP have (VP raised (NP (NP cash levels) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP act (PP-CLR as (NP a buffer)) (PP against (NP steep market declines)))))))) .)) (TOP (S (NP-SBJ Mario Gabelli) , (PP for (NP instance)) , (VP holds (NP (NP cash positions) (PP-LOC (ADVP well) above (NP 20 %))) (PP-LOC in (NP (NP several) (PP of (NP his funds))))) .)) (TOP (S (NP-SBJ (NP (NP Windsor Fund 's) John Neff) and (NP (NP Mutual Series ') Michael Price)) (VP said (SBAR 0 (S (NP-SBJ they) (VP had (VP raised (NP their cash levels) (PP-DIR to (NP (QP more than 20 % and 30 %) *U* , respectively)) , (NP-TMP this year)))))) .)) (TOP (S (NP-SBJ (NP Even Peter Lynch) , (NP (NP manager) (PP of (NP (NP (NP Fidelity 's) (ADJP (QP $ 12.7 billion) *U*) Magellan Fund) , (NP (NP the nation 's) largest stock fund))))) , (VP built (PRT up) (NP cash) (PP-DIR to (NP (NP 7 %) or (NP (QP $ 850 million) *U*)))) .)) (TOP (S (NP-SBJ One reason) (VP is (SBAR-PRD that (S (PP-TMP after (NP (NP two years) (PP of (NP monthly net redemptions)))) , (NP-SBJ the fund) (VP posted (NP (NP net inflows) (PP of (NP money)) (PP from (NP investors))) (PP-TMP in (NP August and September)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP 've (VP let (S (NP-SBJ the money) (VP build (PRT up)))))) , '' (NP-SBJ (NP Mr. Lynch) (SBAR *ICH*-2)) (VP said (S *T*-1) , (SBAR-2 (WHNP-4 who) (S (NP-SBJ *T*-4) (VP added (SBAR that (S (NP-SBJ-5 he) (VP has (VP had (NP-CLR trouble) (S-CLR (NP-SBJ *-5) (VP finding (NP (NP stocks) (SBAR (WHNP-3 0) (S (NP-SBJ he) (VP likes (NP *T*-3))))))))))))))) .)) (TOP (S (NP-SBJ (ADJP Not all) funds) (VP have (VP raised (NP cash levels) , (PP of (NP course)))) .)) (TOP (S (PP As (NP a group)) , (NP-SBJ stock funds) (VP held (NP (NP 10.2 %) (PP of (NP assets)) (NP *ICH*-1)) (PP-CLR in (NP cash)) (PP-TMP as (PP of (NP August))) , (NP-1 (NP the latest figures) (ADJP available (PP from (NP the Investment Company Institute))))) .)) (TOP (S (NP-SBJ That) (VP was (ADJP-PRD (ADJP modestly higher) (PP than (NP (NP the (ADJP (QP 8.8 % and 9.2 %) *U*) levels) (PP-TMP in (NP (NP August and September) (PP of (NP 1987)))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ persistent redemptions) (VP would (VP force (S (NP-SBJ-1 some fund managers) (VP to (VP dump (NP stocks) (S-PRP (NP-SBJ *-1) (VP to (VP raise (NP cash))))))))) .)) (TOP (S But (S-TPC-1 (NP-SBJ (NP a strong level) (PP of (NP investor withdrawals))) (VP is (ADJP-PRD (ADVP much more) unlikely) (NP-TMP (NP this time) (ADVP around)))) , (NP-SBJ fund managers) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ A major reason) (VP is (SBAR-PRD that (S (NP-SBJ investors) (ADVP-TMP already) (VP have (VP (ADVP-MNR sharply) scaled (PRT back) (NP (NP their purchases) (PP of (NP stock funds))) (PP-TMP since (NP Black Monday))))))) .)) (TOP (S (S (NP-SBJ Stock-fund sales) (VP have (VP rebounded (PP-TMP in (NP recent months))))) , but (S (NP-SBJ monthly net purchases) (VP are (ADVP-TMP still) (VP running (PP-CLR at (NP (QP less than half) 1987 levels))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP 's not (NP-PRD (ADJP nearly as much) froth))) , '' (VP said (S *T*-1)) (NP-SBJ (NP John Bogle) , (NP (NP chairman) (PP of (NP (NP Vanguard Group Inc.) , (NP a big (NAC-LOC Valley Forge , Pa. ,) fund company))))) .)) (TOP (S (NP-SBJ Many fund managers) (VP argue (SBAR that (S (NP-SBJ now) (VP 's (NP-PRD (NP the time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP buy (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (NP-SBJ (NP Vincent Bajakian) , (NP (NP manager) (PP of (NP the (ADJP (QP $ 1.8 billion) *U*) Wellington Fund))) ,) (VP added (PP-CLR to (NP (NP his positions) (PP-LOC in (NP (NP Bristol-Myers Squibb) , (NP Woolworth) and (NP Dun & Bradstreet))))) (NP-TMP Friday)) .)) (TOP (S And (NP-TMP today) (NP-SBJ-3 he) (VP 'll (VP be (VP looking (S (NP-SBJ *-3) (VP to (VP buy (NP (NP drug stocks) (PP like (NP (NP (NP Eli Lilly) , (NP Pfizer) and (NP American Home Products)) (SBAR (WHNP-2 whose dividend yields) (S (NP-SBJ-1 *T*-2) (VP have (VP been (VP bolstered (NP *-1) (PP by (NP-LGS stock declines)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Fidelity 's) Mr. Lynch) , (PP for (NP his part)) , (VP snapped (PRT up) (NP Southern Co. shares) (NP-TMP Friday) (SBAR-TMP after (S (NP-SBJ-1 the stock) (VP got (VP hammered (NP *-1)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the market) (VP drops (ADVP further) (NP-TMP today)))) , (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ he) (VP 'll (VP be (VP buying (NP (NP blue chips) (PP such as (NP Bristol-Myers and Kellogg))))))))) .)) (TOP (S-2 `` (SBAR-ADV If (S (NP-SBJ they) (VP croak (NP (NP stocks) (PP like (NP that)))))) (PRN , '' (S (NP-SBJ he) (VP said (S *T*-2))) ,) (NP-SBJ it) (VP presents (NP (NP an opportunity) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is `` (NP-PRD (NP the kind) (PP of (NP thing)) (SBAR (WHNP-3 0) (S (NP-SBJ you) (VP dream (PP-CLR about (NP *T*-3))))))))))) . '')) (TOP (S (NP-SBJ Major mutual-fund groups) (VP said (SBAR 0 (S (NP-SBJ phone calls) (VP were (VP arriving (PP at (NP twice the normal weekend pace)) (NP-TMP yesterday)))))) .)) (TOP (S But (NP-SBJ most investors) (VP were (VP seeking (NP (NP share prices) and (NP other information)))) .)) (TOP (S (NP-SBJ Trading volume) (VP was (ADJP-PRD (ADJP (ADVP only modestly) higher) (PP than (NP normal)))) .)) (TOP (S (ADVP Still) , (NP-SBJ fund groups) (VP are n't (VP taking (NP any chances))) .)) (TOP (S (NP-SBJ-2 They) (VP hope (S (NP-SBJ *-2) (VP to (VP avoid (NP (NP the (NX (NX jammed phone lines) and (NX other snags))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP infuriated (NP some fund investors) (PP-TMP in (NP October 1987)))))))))) .)) (TOP (S (NP-SBJ Fidelity) (PP-TMP on (NP Saturday)) (VP opened (NP (NP its 54 walk-in investor centers) (PP-LOC across (NP the country)))) .)) (TOP (S (NP-SBJ The centers) (ADVP normally) (VP are (ADJP-PRD closed (PP-TMP through (NP the weekend)))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ East Coast centers) (VP will (VP open (PP-TMP at (NP (NP 7:30 EDT) (PP *ICH*-1))) (NP-TMP this morning) , (PP-1 instead of (NP the normal 8:30)))) .)) (TOP (S (NP-SBJ T. Rowe Price Associates Inc.) (VP increased (NP (NP its staff) (PP of (NP (NP phone representatives) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP handle (NP investor requests))))))))) .)) (TOP (S (NP-SBJ The Baltimore-based group) (VP noted (SBAR that (S (NP-SBJ some investors) (VP moved (NP money) (PP-DIR from (NP stock funds)) (PP-DIR to (NP money-market funds)))))) .)) (TOP (SINV (S-TPC-2 But (NP-SBJ-1 most investors) (VP seemed (S (NP-SBJ *-1) (VP to (VP be `` (PP-LOC-PRD (PP in (NP an information mode)) (CONJP rather than) (PP in (NP a transaction mode)))))))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Steven Norwitz) , (NP a vice president)) .)) (TOP (S And (NP-SBJ Vanguard) , (PP-LOC among (NP other groups)) , (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP adding (NP more phone representatives) (NP-TMP today) (S-PRP (NP-SBJ *-1) (VP to (VP help (S (NP-SBJ investors) (VP get (ADVP-CLR through))))))))))) .)) (TOP (S (PP In (NP an unusual move)) , (NP-SBJ-1 several funds) (VP moved (S (NP-SBJ *-1) (VP to (VP calm (NP investors) (PP with (NP recordings)) (PP-LOC on (NP their toll-free phone lines)))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP view (NP-1 (PRN -LCB- (NP Friday 's) -RCB-) market decline) (PP-CLR as (S-NOM (NP-SBJ *-1) (VP offering (NP us) (NP a buying opportunity) (PP as (NP long-term investors))))))) , '' (NP-SBJ (NP a recording) (PP-LOC at (NP Gabelli & Co. funds))) (VP said (S *T*-2) (PP-TMP over (NP the weekend))) .)) (TOP (S (NP-SBJ The Janus Group) (VP had (NP a similar recording) (PP-PRP for (NP investors))) .)) (TOP (S (NP-SBJ Several fund managers) (VP expect (NP (NP a rough market) (NP-TMP this morning)) (SBAR-TMP before (S (NP-SBJ prices) (VP stabilize)))) .)) (TOP (S (NP-SBJ-2 Some early selling) (VP is (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP stem (PP-DIR from (NP (NP (NP investors) and (NP portfolio managers)) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP want (S (NP-SBJ *-3) (VP to (VP lock (ADVP-CLR in) (NP (NP this year 's) fat profits)))))))))))))) .)) (TOP (S (NP-SBJ Stock funds) (VP have (VP averaged (NP (NP a staggering gain) (PP of (NP 25 %))) (PP-TMP through (NP September)) , (PP according (PP to (NP Lipper Analytical Services Inc))))) .)) (TOP (S (NP-SBJ (NP Elaine Garzarelli) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP runs (NP (NP Shearson Lehman Hutton Inc. 's) (ADJP (QP $ 335 million) *U*) Sector Analysis Portfolio)))) ,) (VP predicts (SBAR 0 (S (NP-SBJ the market) (VP will (VP open (ADVP down (NP (QP at least 50) points) (PP on (NP (NP technical factors) and `` (NP some panic selling))))))))) . '')) (TOP (S But (NP-SBJ she) (VP (VP expects (S (NP-SBJ prices) (VP to (VP rebound (ADVP-TMP soon))))) and (VP is (VP telling (NP investors) (SBAR 0 (S (NP-SBJ she) (VP expects (SBAR 0 (S (NP-SBJ the stock market) (VP wo n't (VP decline (NP-EXT (QP more than 10 % to 15 %) *U*) (PP-DIR from (NP recent highs)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This) (VP is not (NP-PRD a major crash))) , '' (NP-SBJ she) (VP said (S *T*-1)) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ Ms. Garzarelli) (VP said (SBAR 0 (S (NP-SBJ-1 she) (VP was (VP swamped (NP *-1) (PP-CLR with (NP (NP phone calls) (PP *ICH*-2))) (PP-TMP over (NP the weekend)) (PP-2 from (NP nervous shareholders))))))) .)) (TOP (S `` (S (NP-SBJ-1 (NP Half) (PP of (NP them))) (VP (VP are (ADJP-PRD really scared)) and (VP want (S (NP-SBJ *-1) (VP to (VP sell)))))) (PRN , '' (S (NP-SBJ she) (VP said)) ,) `` but (S (NP-SBJ-2 I) (VP 'm (VP trying (S (NP-SBJ *-2) (VP to (VP talk (NP them) (ADVP-CLR out (PP of (NP it))))))))) . '')) (TOP (S (NP-SBJ She) (VP added , (SBAR 0 `` (S (SBAR-ADV If (S (NP-SBJ they) all (VP were (ADJP-PRD bullish)))) , (NP-SBJ I) (VP 'd (ADVP really) (VP be (ADJP-PRD upset)))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ (NP The backdrop) (PP to (NP (NP Friday 's) slide))) (VP was (ADJP-PRD (ADJP markedly different) (PP from (NP (NP that) (PP of (NP the October 1987 crash))))))) , (NP-SBJ fund managers) (VP argue (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (ADVP-TMP (NP Two years) ago) , (PP unlike (NP today)) , (S (NP-SBJ the dollar) (VP was (ADJP-PRD weak))) , (S (NP-SBJ interest rates) (VP were (VP rising))) and (S (NP-SBJ the market) (VP was (ADJP-PRD very overvalued)))) , (NP-SBJ they) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-2 (PP-LOC From (NP (NP the investors ') standpoint)) , (NP-SBJ-1 institutions and individuals) (VP learned (NP a painful lesson) ... (PP-MNR by (S-NOM (NP-SBJ *-1) (VP selling (PP-LOC at (NP the lows)) '' (PP-TMP on (NP Black Monday))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Stephen Boesel) , (NP (NP manager) (PP of (NP the (ADJP (QP $ 580 million) *U*) T. Rowe Price Growth and Income Fund)))) .)) (TOP (S (NP-TMP This time) , `` (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ we) (VP 'll (VP get (NP a panic reaction))))))) .)) (TOP (S (NP-SBJ Newport Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP fiscal-first-quarter earnings) (PP of (NP (NP (NP (QP between 15 cents and 19 cents) *U*) (NP-ADV a share)) , (PP-LOC (ADVP somewhat) below (NP (NP (NP analysts ') estimates) (PP of (NP (NP 19 cents) to (NP 23 cents))))))))))))))) .)) (TOP (S (NP-SBJ (NP The maker) (PP of (NP (NP scientific instruments) and (NP laser parts)))) (VP said (SBAR 0 (S (NP-SBJ orders) (VP fell (PP-DIR below (NP expectations)) (PP-TMP in (NP recent months)))))) .)) (TOP (S (NP-SBJ A spokesman) (VP added (SBAR that (S (NP-SBJ (NP sales) (PP-TMP in (NP the current quarter))) (VP will (VP (ADVP about) equal (NP (NP (NP the yearearlier quarter 's) figure) , (SBAR (WHADVP-1 when) (S (NP-SBJ Newport) (VP reported (NP (NP net income) (PP of (NP (NP (QP $ 1.7 million) *U*) , or (NP (NP 21 cents) (NP-ADV a share)))) , (PP on (NP (NP (QP $ 14.1 million) *U*) (PP in (NP sales))))) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (NP-SBJ (NP Ripples) (PP from (NP (NP the strike) (PP by (NP 55,000 Machinists union members)) (PP against (NP Boeing Co.))))) (VP reached (NP air carriers) (NP-TMP Friday) (SBAR-TMP as (S (NP-SBJ America West Airlines) (VP announced (SBAR 0 (S (NP-SBJ it) (VP will (VP postpone (NP (NP its new service) (PP out (PP of (NP Houston)))) (PP-PRP because of (NP (NP delays) (PP-LOC in (S-NOM (NP-SBJ *) (VP receiving (NP aircraft) (PP-DIR from (NP the Seattle jet maker))))))))))))))) .)) (TOP (S (NP-SBJ (NP Peter Otradovec) , (NP (NP vice president) (PP for (NP planning)) (PP-LOC at (NP the (NAC-LOC Phoenix , Ariz. ,) carrier))) ,) (VP said (PP-LOC in (NP an interview)) (SBAR (SBAR that (S (NP-SBJ (NP (NP the work stoppage) (PP-LOC at (NP Boeing))) , (VP (ADVP-TMP now) entering (NP its 13th day)) ,) `` (VP has (VP caused (NP (NP some turmoil) (PP-LOC in (NP our scheduling))))) '')) and (SBAR that (S (NP-SBJ-1 (NP (QP more than 500) passengers) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP were (VP booked (S (NP-SBJ *-3) (VP to (VP fly (PP-DIR out (PP of (NP Houston))) (PP-LOC on (NP America West)))))))))) (VP would (ADVP-TMP now) (VP be (VP put (NP *-1) (PP-PUT on (NP other airlines))))))))) .)) (TOP (S (NP-SBJ Mr. Otradovec) (VP said (SBAR 0 (S (NP-SBJ Boeing) (VP told (NP America West) (SBAR that (S (NP-SBJ-1 (NP the 757) (SBAR (WHNP-2 0) (S (NP-SBJ-3 it) (VP was (VP supposed (S (NP-SBJ *-3) (VP to (VP get (NP *T*-2) (NP-TMP this Thursday))))))))) (VP would n't (VP be (VP delivered (NP *-1) (PP-TMP until (NP (NP Nov. 7) -- (NP (NP the day) (SBAR-TMP after (S (NP-SBJ-4 the airline) (VP had (VP been (VP planning (S (NP-SBJ *-4) (VP to (VP initiate (NP (NP service) (PP-LOC at (NP Houston))) (PP with (NP (NP four daily flights) , (PP including (NP (NP (NP three nonstops) (PP to (NP Phoenix))) and (NP (NP one nonstop) (PP to (NP Las Vegas))))))))))))))))))))))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ-1 those routes) (VP are n't (VP expected (S (NP-SBJ *-1) (VP to (VP begin))) (PP-TMP until (NP Jan)))) .)) (TOP (S (NP-SBJ-1 Boeing) (VP is (ADVP also) (VP supposed (S (NP-SBJ *-1) (VP to (VP send (PP-DIR to (NP America West)) (NP (NP another 757 twin-engine aircraft) (CONJP as well as) (NP a 737)) (PP-TMP by (NP (NP year 's) end))))))) .)) (TOP (S (NP-SBJ-1 Those) , (ADVP too) , (VP are (ADJP-PRD almost certain (S (NP-SBJ *-1) (VP to (VP arrive (ADVP-TMP late)))))) .)) (TOP (S (PP-TMP At (NP this point)) , (NP-SBJ-1 (NP no other America West flights) -- (PP including (NP (NP its new service) (PP-LOC at (NP (NP (NP San Antonio) , (NP Texas)) ; (NP (NP Newark) , (NP N.J.)) ; and (NP (NP Palmdale) , (NP Calif.)))))) --) (VP have (VP been (VP affected (NP *-1) (PP by (NP-LGS (NP the delays) (PP-LOC in (NP (NP Boeing) deliveries))))))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ (NP the company 's) reaction) (VP underscores (NP (NP the domino effect) (SBAR (WHNP-1 that) (S (NP-SBJ (NP a huge manufacturer) (PP such as (NP Boeing))) (VP can (VP have (NP *T*-1))))) (PP on (NP (NP other parts) (PP of (NP the economy)))))) .)) (TOP (S (NP-SBJ-1 It) (ADVP also) (VP is (ADJP-PRD sure (S (NP-SBJ *-1) (VP to (VP help (S (NP-SBJ the machinists) (VP put (NP added pressure) (PP-PUT on (NP the company))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (ADVP just) (VP do n't (VP feel (SBAR that (S (NP-SBJ the company) (VP (VP can (ADVP really) (VP stand (NP *RNR*-2))) or (VP would (VP want (NP *RNR*-2))) (NP-2 a prolonged walkout))))))) , '' (NP-SBJ (NP Tom Baker) , (NP (NP president) (PP of (NP (NP Machinists ') District 751))) ,) (VP said (S *T*-1) (PP-LOC in (NP an interview)) (NP-TMP yesterday)) .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ their customers) (VP would (VP like (NP it) (ADVP-MNR very much))))))) . '')) (TOP (S (NP-SBJ America West) , (ADVP though) , (VP is (UCP-PRD (NP a smaller airline) and (ADVP therefore) (ADJP (ADJP more affected) (PP by (NP-LGS (NP the delayed delivery) (PP of (NP a single plane)))) (SBAR than (S (NP-SBJ (NP many) (PP of (NP its competitors))) (VP would (VP be (ADJP-PRD *?*)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP figure (SBAR that (S (NP-SBJ-2 American and United) (ADVP probably) (VP have (NP (NP such a hard time) (S-NOM (NP-SBJ *-2) (VP counting (NP (NP all the planes) (PP-LOC in (NP their fleets))))) , (SBAR 0 (S (NP-SBJ they) (VP might not (VP miss (NP one) (ADVP at all))))))))))) , '' (NP-SBJ Mr. Otradovec) (VP said (S *T*-1)) .)) (TOP (S (ADVP Indeed) , (NP-SBJ-1 (NP a random check) (NP-TMP Friday)) (VP did n't (VP seem (S (NP-SBJ *-1) (VP to (VP indicate (SBAR that (S (NP-SBJ the strike) (VP was (VP having (NP (NP much) (PP of (NP (NP an effect) (PP on (NP other airline operations)))))))))))))) .)) (TOP (S (NP-SBJ-1 Southwest Airlines) (VP (VP has (NP (NP a Boeing 737-300) (ADJP set (PP for (NP (NP delivery) (PP-TMP at (NP (NP the end) (PP of (NP this month))))))))) and (VP expects (S (NP-SBJ *-1) (VP to (VP have (NP the plane) (PP-TMP on (NP time))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (ADJP-PRD (ADJP so close) (PP to (NP completion)) , (SBAR 0 (S (NP-SBJ Boeing) (VP 's (VP told (NP us) (SBAR 0 (S (NP-SBJ there) (VP wo n't (VP be (NP-PRD a problem)))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ a Southwest spokesman) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP AMR Corp.))) (VP said (SBAR 0 (S (NP-SBJ Boeing) (VP has (VP assured (NP American Airlines) (SBAR 0 (S (NP-SBJ it) (VP will (VP deliver (NP a 757) (PP-TMP on (NP time)) (NP-TMP later this month)))))))))) .)) (TOP (S (NP-SBJ-1 American) (VP (VP is (VP preparing (S (NP-SBJ *-1) (VP to (VP (VP take (NP delivery) (PP-CLR of (NP-2 another 757)) (PP-TMP-3 in (NP early December))) and (VP (NP=2 (QP 20 more)) (NP-TMP=3 next year))))))) and (VP is n't (VP anticipating (NP (NP any changes) (PP-LOC in (NP that timetable)))))) .)) (TOP (S (PP-LOC In (NP Seattle)) , (NP-SBJ a Boeing spokesman) (VP explained (SBAR (SBAR that (S (NP-SBJ the company) (VP has (VP been (PP-LOC-PRD in (NP (NP constant communication) (PP with (NP (NP all) (PP of (NP its customers)))))))))) and (SBAR that (S (NP-SBJ (NP it) (S *EXP*-2)) (VP was (ADJP-PRD impossible) (S-2 (NP-SBJ *) (VP to (VP predict (SBAR-NOM (WHNP-3 what further disruptions) (S (NP-SBJ-1 *T*-3) (VP might (VP be (VP triggered (NP *-1) (PP by (NP-LGS the strike))))))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-2 (NP supervisors) and (NP non-striking employees)) (VP have (VP been (VP trying (S (NP-SBJ *-2) (VP to (VP finish (NP (NP (QP some 40) aircraft) (PRN -- (NP (NP mostly 747 and 767 jumbo jets) (PP-LOC at (NP (NP the company 's) (NAC-LOC Everett , Wash. ,) plant))) --) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP were (VP (ADVP all but) completed (NP *-3) (PP-TMP before (NP the walkout))))))))))))) .)) (TOP (S (PP-TMP As (PP of (NP Friday))) , (S (NP-SBJ-401 four) (VP had (VP been (VP delivered (NP *-401))))) and (S (NP-SBJ-1 (NP a fifth plane) , (NP a 747-400) ,) (VP was (VP supposed (S (NP-SBJ-2 *-1) (VP to (VP be (VP flown (NP *-2) (ADVP-CLR out) (PP-TMP over (NP the weekend)) (PP-DIR to (NP Air China))))))))) .)) (TOP (S (NP-SBJ-1 (NP No date) (SBAR *ICH*-2)) (VP has (ADVP-TMP yet) (VP been (VP set (NP *-1) (SBAR-2 (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP get (ADVP-CLR back (PP to (NP the bargaining table))) (ADVP-TMP *T*-3)))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ-3 We) (VP want (S (NP-SBJ *-3) (VP to (VP make (S (ADJP-PRD sure ) (SBAR-SBJ 0 (S (NP-SBJ they) (VP know (SBAR (WHNP-2 what) (S (NP-SBJ they) (VP want (NP *T*-2) (SBAR-TMP before (S (NP-SBJ they) (VP come (ADVP-DIR back)))))))))))))))) , '' (VP said (S *T*-4)) (NP-SBJ (NP Doug Hammond) , (NP (NP the federal mediator) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP been (PP-LOC-PRD in (NP (NP contact) (PP with (NP both sides)))) (SBAR-TMP since (S (NP-SBJ the strike) (VP began))))))))) .)) (TOP (S (NP-SBJ The investment community) , (PP for (NP one)) , (VP has (VP been (VP anticipating (NP a speedy resolution)))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ-1 (NP Boeing 's) stock price) (VP was (VP battered (NP *-1) (ADVP along (PP with (NP (NP the rest) (PP of (NP the market))))) (NP-TMP Friday))))) , (NP-SBJ it) (ADVP actually) (VP has (VP risen (PP-TMP over (NP the last two weeks)) (PP on (NP (NP the strength) (PP of (NP new orders)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The market) (VP has (VP taken (NP (NP two views) : (SBAR (SBAR that (S (NP-SBJ-2 the labor situation) (VP will (VP get (VP settled (NP *-2) (PP-TMP in (NP the short term))))))) and (SBAR that (S (NP-SBJ things) (VP look (ADJP-PRD very rosy) (PP for (NP Boeing)) (PP-TMP in (NP the long term)))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Howard Rubel) , (NP (NP an analyst) (PP-LOC at (NP Cyrus J. Lawrence Inc)))) .)) (TOP (S (NP-SBJ-1 (NP Boeing 's) shares) (VP fell (NP-EXT $ 4 *U*) (NP-TMP Friday) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 57.375 *U*))))) (PP-LOC in (NP composite trading)) (PP-LOC on (NP the New York Stock Exchange))) .)) (TOP (S But (NP-SBJ-3 Mr. Baker) (VP said (SBAR 0 (S (NP-SBJ he) (VP thinks (SBAR 0 (S (NP-SBJ (NP the earliest) (SBAR (WHADVP-2 0) (S (NP-SBJ-1 a pact) (VP could (VP be (VP struck (NP *-1) (ADVP-TMP *T*-2))))))) (VP would (VP be (NP-PRD (NP the end) (PP of (NP this month)))))))))) , (S-ADV (NP-SBJ *-3) (VP hinting (SBAR that (S (NP-SBJ the company and union) (VP may (VP resume (NP negotiations) (ADVP-TMP (ADVP as early) (PP as (NP this week)))))))))) .)) (TOP (S-2 (ADVP Still) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD possible) (SBAR-1 that (S (NP-SBJ the strike) (VP could (VP last (ADVP considerably longer)))))) .)) (TOP (S `` (NP-SBJ I) (VP would n't (VP expect (NP (NP an immediate resolution) (PP to (NP anything))))) . '')) (TOP (S (NP-TMP Last week) , (NP-SBJ-1 Boeing Chairman Frank Shrontz) (VP sent (NP striking workers) (NP a letter) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR that `` (S (PP to (NP my knowledge)) , (NP-SBJ (NP Boeing 's) offer) (VP represents (NP (NP the best overall three-year contract) (PP of (NP any major U.S. industrial firm)) (PP-LOC in (NP recent history))))))))) . '')) (TOP (S But (NP-SBJ Mr. Baker) (VP called (S (NP-SBJ (NP the letter) -- and (NP (NP (NP the company 's) offer) (PP of (NP (NP (NP a (ADJP 10 %) wage increase) (PP-TMP over (NP (NP the life) (PP of (NP the pact))))) , plus (NP bonuses)))) --) `` (ADJP-PRD very weak))) . '')) (TOP (S (NP-SBJ He) (VP added (SBAR that (S (NP-SBJ the company) (VP miscalculated (NP (NP (NP the union 's) resolve) and (NP (NP (NP the workers ') disgust) (PP with (S-NOM (NP-SBJ-1 *) (VP being (VP forced (S (NP-SBJ *-1) (VP to (VP work (NP many hours) (ADVP overtime)))))))))))))) .)) (TOP (S (PP-LOC In (NP separate developments)) : -- (NP-SBJ (NP Talks) (PP *ICH*-1)) (VP have (VP broken (PRT off) (PP-1 between (NP (NP (NP Machinists representatives) (PP-LOC at (NP Lockheed Corp.))) and (NP the (NAC-LOC Calabasas , Calif. ,) aerospace company))))) .)) (TOP (S (NP-SBJ-1 The union) (VP is (VP continuing (S (NP-SBJ *-1) (VP to (VP work (PP-CLR through (NP its expired contract))))) , (ADVP however))) .)) (TOP (S (S (NP-SBJ It) (VP had (VP planned (NP a strike vote) (PP-PRP for (NP next Sunday))))) , but (S (NP-SBJ-1 that) (VP has (VP been (VP pushed (NP *-1) (PRT back) (ADVP-TMP indefinitely))))) .)) (TOP (S -- (NP-SBJ (NP United Auto Workers Local 1069) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP represents (NP (NP 3,000 workers) (PP-LOC at (NP (NP (NP Boeing 's) helicopter unit) (PP-LOC in (NP (NP Delaware County) , (NP Pa.))))))))) ,) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP agreed (S (NP-SBJ *-2) (VP to (VP extend (NP its contract) (PP on (NP (NP a day-by-day basis) , (PP with (NP a 10-day notification (S (NP-SBJ *) (VP to (VP cancel))))))) , (SBAR-TMP while (S (NP-SBJ-3 it) (VP continues (S (NP-SBJ *-3) (VP bargaining)))))))))))) .)) (TOP (S (NP-SBJ The accord) (VP expired (NP-TMP yesterday)) .)) (TOP (S -- And (S (NP-SBJ Boeing) (PP-TMP on (NP Friday)) (VP said (SBAR 0 (S (NP-SBJ it) (VP received (NP (NP an order) (PP *ICH*-1)) (PP-DIR from (NP Martinair Holland)) (PP-1 for (NP (NP four model 767-300 wide-body jetliners) (VP valued (NP *) (PP-CLR at (NP (NP a total) (PP of (NP (QP about $ 326 million) *U*)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The planes) , (NP (NP long range versions) (PP of (NP the medium-haul twin-jet))) ,) (VP will (VP be (VP delivered (NP *-1) (PP with (NP Pratt & Whitney PW4060 engines))))) .)) (TOP (S (NP-SBJ Pratt & Whitney) (VP is (NP-PRD (NP a unit) (PP of (NP United Technologies Inc)))) .)) (TOP (S (NP-SBJ-1 Martinair Holland) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP Amsterdam)))) .)) (TOP (S (NP-SBJ A Boeing spokeswoman) (VP said (SBAR 0 (S (NP-SBJ-1 (NP a delivery date) (PP for (NP the planes))) (VP is (ADVP-TMP still) (VP being (VP worked (NP *-1) (PRT out) `` (PP-PRP (PP for (NP (NP a variety) (PP of (NP reasons)))) , but not (PP because of (NP the strike))))))))) . '')) (TOP (S (NP-SBJ Bridget O'Brian) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ Atco Ltd.) (VP said (SBAR 0 (S (NP-SBJ-1 its utilities arm) (VP is (VP considering (S (NP-SBJ *-1) (VP building (NP (NP new electric power plants) , (NP (NP some) (VP valued (NP *) (PP-CLR at (NP (NP (QP more than one billion) Canadian dollars) (PRN -LRB- (NP (QP US$ 851 million) *U*) -RRB-))))) , (UCP-LOC (PP in (NP Great Britain)) and (ADVP elsewhere)))))))))) .)) (TOP (S (NP-SBJ (NP C.S. Richardson) , (NP (NP (NP Atco 's) senior vice president) , (NP finance) ,)) (VP said (SBAR 0 (S (NP-SBJ its 50.1%-owned Canadian Utilities Ltd. unit) (VP is (VP reviewing (NP (NP (NP cogeneration projects) (PP-LOC in (NP eastern Canada))) , and (NP (NP conventional electric power generating plants) (ADVP-LOC elsewhere , (PP including (NP (NP Britain) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 the British government) (VP plans (S (NP-SBJ *-1) (VP to (VP allow (NP (NP limited competition) (PP-LOC in (NP electrical generation)) (PP from (NP private-sector suppliers)))))) (PP as (NP (NP part) (PP of (NP its privatization program)))) (ADVP-LOC *T*-2)))))))))))))) .)) (TOP (S `` (NP-SBJ The projects) (VP are (ADJP-PRD big)) .)) (TOP (S (S-TPC-1 (NP-SBJ They) (VP can (VP be (NP-PRD (QP C$ 1 billion) *U* plus)))) , '' (NP-SBJ Mr. Richardson) (VP said (S *T*-1)) .)) (TOP (S `` (S-TPC-1 But (S (NP-SBJ we) (VP would n't (VP go (PP-DIR into (NP them)) (ADVP alone)))) , '' and (S (NP-SBJ (NP Canadian Utilities ') equity stake) (VP would (VP be (ADJP-PRD small))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (ADVP Ideally) , (NP-SBJ-1 we) (VP 'd (VP like (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP (NP the operator) (PRN -LCB- (PP of (NP the project)) -RCB-)) and (NP a modest equity investor))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Our long suit) (VP is (NP-PRD our proven ability (S (NP-SBJ *) (VP to (VP operate '' (NP power plants))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ Mr. Richardson) (VP would n't (VP offer (NP (NP specifics) (VP regarding (NP (NP Atco 's) proposed British project)))))) , but (S (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP compete (PP-CLR for (NP customers)) (PP with (NP (NP two huge British power generating companies) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP would (VP be (VP formed (NP *-1) (PP-LOC under (NP (NP the country 's) plan (S (NP-SBJ *) (VP to (VP privatize (NP its massive (UCP water and electric) utilities))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Britain 's) government) (VP plans (S (NP-SBJ *-1) (VP to (VP raise (NP (NP (QP about # 20 billion) *U*) (PRN -LRB- (NP (QP $ 31.05 billion) *U*) -RRB-)) (PP from (NP (NP the sale) (PP of (NP (NP most) (PP of (NP its giant (UCP water and electric) utilities)))))) , (PP-TMP beginning (NP next month)))))) .)) (TOP (S (NP-SBJ-1 (NP The planned electric utility sale) , (VP scheduled (NP *) (PP-CLR for (NP next year))) ,) (VP is (ADVP alone) (VP expected (S (NP-SBJ *-1) (VP to (VP raise (NP (QP # 13 billion) *U*) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ it) (NP-PRD (NP the world 's) largest public offering))))))))) .)) (TOP (S (PP-LOC Under (NP (NP terms) (PP of (NP the plan)))) , (NP-SBJ-1 independent generators) (VP would (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP (VP compete (PP-CLR-2 for (NP (NP 15 %) (PP of (NP customers)))) (PP-TMP-3 until (NP 1994))) , and (VP (PP-CLR=2 for (NP another 10 %)) (PP-TMP=3 between (NP 1994 and 1998))))))))) .)) (TOP (S (NP-SBJ Canadian Utilities) (VP had (NP (NP 1988 revenue) (PP of (NP (QP C$ 1.16 billion) *U*))) , (PP (ADVP mainly) from (NP (NP its natural gas and electric utility businesses) (PP-LOC in (NP (NP Alberta) , (SBAR (WHADVP-1 where) (S (NP-SBJ the company) (VP serves (NP (QP about 800,000) customers) (ADVP-LOC *T*-1))))))))) .)) (TOP (S-4 `` (S (NP-SBJ-1 There) (VP seems (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a move (S *ICH*-2)) (PP-LOC around (NP the world)) (S-2 (NP-SBJ *) (VP to (VP deregulate (NP (NP the generation) (PP of (NP electricity))))))))))) (PRN , '' (S (NP-SBJ Mr. Richardson) (VP said (SBAR 0 (S *T*-4)))) ,) and (S (NP-SBJ-3 Canadian Utilities) (VP hopes (S (NP-SBJ *-3) (VP to (VP capitalize (PP-CLR on (NP it))))))) .)) (TOP (S `` (S (NP-SBJ This) (VP is (NP-PRD (NP a real thrust) (PP-LOC on (NP our utility side))))) , '' (NP-SBJ-1 he) (VP said , (S-ADV (NP-SBJ *-1) (VP adding (SBAR that (S (NP-SBJ Canadian Utilities) (VP is (ADVP also) (VP mulling (NP (NP projects) (PP-LOC in (NP underdeveloped countries))))))) , (SBAR-ADV though (S (NP-SBJ he) (VP would (VP be (ADJP-PRD specific)))))))) .)) (TOP (S (NP-SBJ-1 Canadian Utilities) (VP is n't (ADJP-PRD alone) (PP-LOC in (S-NOM (NP-SBJ *-1) (VP exploring (NP (NP power generation opportunities) (PP-LOC in (NP Britain))) , (PP in (NP (NP anticipation) (PP of (NP the privatization program)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're (ADVP certainly) (VP looking (PP-CLR at (NP (NP some power generating projects) (PP-LOC in (NP England))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Bruce Stram) , (NP (NP vice president) , (NP (NP corporate strategy) and (NP corporate planning)) ,) (PP with (NP (NP Enron Corp.) , (NP-LOC Houston) , (NP a big (NX (NX natural gas producer) and (NX pipeline operator)))))) .)) (TOP (S (NP-SBJ Mr. Stram) (VP said (SBAR 0 (S (NP-SBJ-2 Enron) (VP is (VP considering (S (NP-SBJ *-2) (VP building (NP (NP-3 gas-fired power plants) (ADJP *ICH*-4)) (PP-LOC in (NP the U.K.)) (ADJP-4 capable (PP of (S-NOM (NP-SBJ *-3) (VP producing (NP (NP (QP about 500) megawatts) (PP of (NP power))))))) (PP at (NP (NP a cost) (PP of (NP (QP about $ 300 million to $ 400 million) *U*))))))))))) .)) (TOP (S (NP-SBJ PSE Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP third earnings) (PP of (NP (NP (QP $ 1.3 million to $ 1.7 million) *U*) , or (NP (NP (NP 14 cents) to (NP 18 cents)) (NP-ADV a share)))))))))))) .)) (TOP (S (PP-TMP In (NP the year-ago quarter)) , (NP-SBJ (NP the designer and operator) (PP of (NP cogeneration and waste heat recovery plants))) (VP had (NP (NP net income) (PP of (NP (NP $ 326,000 *U*) , or (NP (NP four cents) (NP-ADV a share))))) , (PP on (NP (NP revenue) (PP of (NP (QP about $ 41.4 million) *U*))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 the improvement) (VP is (ADJP-PRD related (PP to (NP (NP additional cogeneration facilities) (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP have (VP been (VP put (NP *-2) (PP-PUT into (NP operation)))))))))))))) .)) (TOP (S (NP-SBJ CONCORDE trans-Atlantic flights) (VP are (NP-PRD (NP (NP $ 2,400 *U*) (PP to (NP Paris))) and (NP (NP $ 3,200 *U*) (PP to (NP London))))) .)) (TOP (S (PP-LOC In (NP a Centennial Journal article)) (NP-TMP Oct. 5) , (NP-SBJ-1 the fares) (VP were (VP reversed (NP *-1))) .)) (TOP (S (NP-SBJ Diamond Shamrock Offshore Partners) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (VP discovered (NP gas) (ADVP-LOC offshore (NP Louisiana))))))) .)) (TOP (S (NP-SBJ The well) (VP flowed (PP at (NP (NP a rate) (PP of (NP (NP (NP (QP 2.016 million) cubic feet) (PP of (NP gas))) (NP-ADV a day))))) (PP-DIR through (NP a 16 64-inch opening)) (PP-LOC at (NP (NP depths) (PP between (NP (QP 5,782 and 5,824) feet))))) .)) (TOP (S (NP-SBJ Diamond Shamrock) (VP is (NP-PRD the operator) , (PP with (NP (NP a (ADJP 100 %) interest) (PP-LOC in (NP the well))))) .)) (TOP (S (NP-SBJ-1 (NP Diamond Shamrock Offshore 's) stock) (VP rose (NP-EXT 12.5 cents) (NP-TMP Friday) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP $ 8.25 *U*)) (PP-LOC in (NP New York Stock Exchange composite trading)))))) .)) (TOP (S (NP-SBJ Kaufman & Broad Home Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP formed (NP (NP a (ADJP (QP $ 53.4 million) *U*) limited partnership subsidiary) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP buy (NP (NP land) (PP-LOC in (NP California)) (ADJP suitable (PP for (NP residential development))))))))))))) .)) (TOP (S (NP-SBJ (NP The partnership) , (NP Kaufman & Broad Land Development Venture Limited Partnership) ,) (VP is (NP-PRD (NP a 50-50 joint venture) (PP with (NP (NP a trust) (VP created (NP *) (PP by (NP-LGS (NP institutional clients) (PP of (NP (NP Heitman Advisory Corp.) , (NP (NP a unit) (PP of (NP (NP Heitman Financial Corp.) , (NP (NP a real estate advisory , management and development company) (PP with (NP (NP offices) (PP-LOC in (NP (NP Chicago) and (NP (NP Beverly Hills) , (NP Calif))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Kaufman & Broad) , (NP a home building company) ,) (VP declined (S (NP-SBJ *-1) (VP to (VP identify (NP the institutional investors))))) .)) (TOP (S (S (NP-SBJ (NP The land) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP purchased (NP *-1) (PP by (NP-LGS the joint venture)))))))) (VP has n't (ADVP-TMP yet) (VP received (NP (NP (UCP zoning and other) approvals) (VP required (NP *) (PP-PRP for (NP development))))))) , and (S (NP-SBJ (NP part) (PP of (NP (NP Kaufman & Broad 's) job))) (VP will (VP be (S-PRD (NP-SBJ *) (VP to (VP obtain (NP such approvals))))))) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ The partnership) (VP runs (NP the risk (SBAR that (S (NP-SBJ it) (VP may not (VP get (NP (NP the approvals) (PP for (NP development)))))))))) , but (S (PP in (NP return)) , (NP-SBJ it) (VP can (VP buy (NP land) (PP at (NP (ADJP wholesale (CONJP rather than) retail) prices)) , (SBAR-ADV (WHNP-2 which) (S (NP-SBJ *T*-2) (VP can (VP result (PP-CLR in (NP sizable savings)))))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Bruce Karatz) , (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP Kaufman & Broad)))) .)) (TOP (S `` (NP-SBJ There) (VP are (ADVP really) (NP-PRD (NP (ADJP very few) companies) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP have (NP (NP adequate capital) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP buy (NP (NP properties) (PP-LOC in (NP a raw state))) (PP-CLR for (NP cash)) (ADVP *T*-1))))))))))) .)) (TOP (SINV (S-TPC-1 (ADVP Typically) , (S (NP-SBJ developers) (VP option (NP property))) , and then (S (SBAR-TMP once (S (NP-SBJ they) (VP get (NP the administrative approvals)))) , (NP-SBJ they) (VP buy (NP it)))) , '' (VP said (S *T*-1)) (NP-SBJ-2 Mr. Karatz) , (S-ADV (NP-SBJ *-2) (VP adding (SBAR that (S (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ the joint venture) (VP is (NP-PRD (NP the first) (PP of (NP its kind))))))))))) .)) (TOP (S `` (NP-SBJ We) (ADVP-TMP usually) (VP operate (PP-MNR in (NP that conservative manner))) . '')) (TOP (S (S-TPC-2 (PP-MNR By (S-NOM (NP-SBJ *-1) (VP setting (PRT up) (NP the joint venture)))) , (NP-SBJ-1 Kaufman & Broad) (VP can (VP take (NP (NP the (ADJP more aggressive) approach) (PP of (S-NOM (NP-SBJ *-1) (VP buying (NP raw land))))) , (SBAR-ADV while (S (NP-SBJ *-1) (VP avoiding (NP (NP the negative impacts) (PP to (NP its own balance sheet))))))))) , (NP-SBJ Mr. Karatz) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The company) (VP is (VP putting (PRT up) (NP (NP (QP only 10) %) (PP of (NP the capital))) , (SBAR-ADV although (S (NP-SBJ-1 it) (VP is (ADJP-PRD responsible (PP for (S-NOM (NP-SBJ *-1) (VP providing (NP management , planning and processing services) (PP-CLR to (NP the joint venture))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD (NP one) (PP of (NP (NP the best ways) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP assure (NP (NP a pipeline) (PP of (NP land)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP fuel (NP our growth)))))) (PP at (NP (NP a minimum risk) (PP to (NP our company)))) (ADVP *T*-3)))))))))) , '' (NP-SBJ Mr. Karatz) (VP said (S *T*-1)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ (NP the price) (PP of (NP plastics))) (VP took (PRT off) (PP-TMP in (NP 1987)) (ADVP-TMP *T*-1)))) , (NP-SBJ Quantum Chemical Corp.) (VP went (ADVP-CLR along) (PP-PRP for (NP the ride))) .)) (TOP (S (NP-SBJ-1 (NP The timing) (PP of (NP (NP (NP Quantum 's) chief executive officer) , (NP John Hoyt Stookey) ,))) (VP appeared (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP nothing) (ADJP (ADJP less) (PP than (ADJP inspired))))))) , (SBAR-PRP because (S (NP-SBJ he) (VP had (ADVP just) (VP increased (NP (NP (NP Quantum 's) reliance) (PP on (NP plastics)))))))) .)) (TOP (S (NP-SBJ The company) (VP outpaced (NP (NP much) (PP of (NP the chemical industry))) (SBAR-TMP as (S (NP-SBJ annual profit) (VP grew (ADVP fivefold) (PP-TMP in (NP two years)))))) .)) (TOP (S (NP-SBJ Mr. Stookey) (VP said (PP-CLR of (NP the boom)) , (SBAR 0 `` (S (NP-SBJ-1 It) (VP 's (VP going (S (NP-SBJ *-1) (VP to (VP last (ADVP-TMP (ADVP (NP a whole lot) longer) (SBAR than (S (NP-SBJ anybody) (VP thinks (SBAR 0 (S *?*)))))))))))))) . '')) (TOP (S But (ADVP-TMP now) (S (NP-SBJ prices) (VP have (VP nose-dived))) and (S (NP-SBJ (NP Quantum 's) profit) (VP is (VP plummeting))) .)) (TOP (S (NP-SBJ Some securities analysts) (VP are (VP looking (PP-CLR for (NP (NP (ADJP (ADJP no better) (PP than (ADJP break-even))) results) (PP from (NP the company)) (PP for (NP the third quarter)) , (PP compared (PP with (NP (NP year-earlier profit) (PP of (NP (NP (QP $ 99.8 million) *U*) , or (NP (NP $ 3.92 *U*) (NP-ADV a share)))) , (PP on (NP (NP sales) (PP of (NP (QP $ 724.4 million) *U*))))))))))) .)) (TOP (S (NP-SBJ-1 The stock) , (S-ADV (NP-SBJ *-1) (VP having (VP lost (NP (NP (QP nearly a) quarter) (PP of (NP its value))) (PP-TMP since (NP Sept. 1))))) , (VP closed (PP-CLR at (NP (NP $ 34.375 *U*) (NP-ADV share)) ) , (ADVP down (NP $ 1.125 *U*)) , (PP-LOC in (NP New York Stock Exchange composite trading)) (NP-TMP Friday)) .)) (TOP (S (PP To (NP a degree)) , (NP-SBJ Quantum) (VP represents (NP (NP the new times) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP arrived)))) (PP for (NP (NP producers) (PP of (NP (NP the so-called commodity plastics) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP pervade (NP modern life)))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Having (ADVP just) (VP passed (PP-DIR through (NP (NP one) (PP of (NP (NP the (ADJP most profitable) periods) (PP-LOC in (NP their history))))))))) , (NP-SBJ-1 these producers) (ADVP-TMP now) (VP see (S (NP-SBJ their prices) (VP eroding))) .)) (TOP (S (NP-SBJ Pricing cycles) , (S-ADV (NP-SBJ *) (VP to (VP be (ADJP-PRD sure)))) , (VP are (NP-PRD (NP nothing) (ADJP new)) (PP for (NP plastics producers))) .)) (TOP (S And (NP-SBJ (NP the financial decline) (PP of (NP some))) (VP looks (ADJP-PRD steep) (PP (ADVP only) in (NP (NP comparison) (PP with (NP (NP the heady period) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADVP just) (PP-LOC-PRD behind (NP them)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP were all (NP-PRD wonderful heroes) (NP-TMP last year))) , '' (VP says (S *T*-1)) (NP-SBJ (NP an executive) (PP-LOC at (NP (NP one) (PP of (NP (NP Quantum 's) competitors))))) .)) (TOP (S `` (ADVP-TMP Now) (NP-SBJ we) (VP 're (PP-LOC-PRD at (NP (NP the bottom) (PP of (NP the heap))))) . '')) (TOP (S (PP-LOC At (NP (NP Quantum) , (SBAR (WHNP-3 which) (S (NP-SBJ-1 *T*-3) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP New York)))))))) , (NP-SBJ-2 the trouble) (VP is (VP magnified (NP *-2) (PP by (NP-LGS (NP (NP the company 's) heavy dependence) (PP on (NP plastics)))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (ADVP-TMP Once) (VP known (NP *-1) (PP-CLR as (NP National Distillers & Chemical Corp.)))) , (NP-SBJ-2 the company) (VP (VP exited (NP the wine and spirits business)) and (VP plowed (NP (NP more) (PP of (NP its resources))) (PP-DIR into (NP plastics))) (SBAR-TMP after (S (NP-SBJ Mr. Stookey) (VP took (NP (NP the chief executive 's) job) (PP-TMP in (NP 1986)))))) .)) (TOP (S (S (NP-SBJ-2 (NP Mr. Stookey) , (ADJP (NP 59 years) old) ,) (VP declined (S (NP-SBJ-1 *-2) (VP to (VP be (VP interviewed (NP *-1) (PP-PRP for (NP this article)))))))) , but (S (NP-SBJ he) (VP has (VP (ADVP-MNR consistently) argued (SBAR that (S (PP-TMP over (NP the long haul)) (PRN -- (PP-LOC across (NP (NP both (NP the peaks) and (NP the troughs)) (PP of (NP the plastics market)))) --) (NP-SBJ Quantum) (VP will (VP prosper (PP through (NP its new direction))))))))) .)) (TOP (S (NP-SBJ-1 (NP Quantum 's) lot) (VP is (ADVP mostly) (VP tied (NP *-1) (PP-CLR to (NP (NP polyethylene resin) , (VP used (NP *) (S-CLR (NP-SBJ *) (VP to (VP make (NP (NP (NP garbage bags) , (NP milk jugs) , (NP housewares) , (NP toys) and (NP meat packaging)) , (PP-LOC among (NP other items))))))))))) .)) (TOP (S (PP-LOC In (NP the U.S. polyethylene market)) , (NP-SBJ Quantum) (VP has (VP claimed (NP (NP the largest share) , (NP (QP about 20) %)))) .)) (TOP (S But (NP-SBJ-1 (NP its competitors) (PRN -- (PP including (NP (NP Dow Chemical Co.) , (NP Union Carbide Corp.) and (NP several oil giants))) --)) (VP (VP have (NP (ADJP much broader) business interests)) and so (VP are (VP (ADVP-MNR better) cushioned (NP *-1) (PP against (NP price swings))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ (NP the price) (PP of (NP polyethylene))) (VP moves (NP (NP a mere penny) (NP-ADV a pound)) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP Quantum 's) annual profit) (VP fluctuates (PP-EXT by (NP (NP (QP about 85) cents) (NP-ADV a share))) , (PP provided (SBAR 0 (S (NP-SBJ no other variables) (VP are (VP changing)))))) .)) (TOP (S (PP-TMP In (NP recent months)) (NP-SBJ (NP the price) (PP of (NP polyethylene))) , (ADVP (ADVP even more) (PP than (NP (NP that) (PP of (NP other commodity plastics))))) , (VP has (VP taken (NP a dive))) .)) (TOP (S (NP-SBJ (NP Benchmark grades) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP still) (VP sold (PP-CLR for (NP (NP (QP as much as 50) cents) (NP-ADV a pound))) (NP-TMP last spring))))) , (VP have (VP skidded (PP-DIR to (NP between (NP 35 cents) and (NP 40 cents))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP the price) (PP of (NP (NP ethylene) , (NP (NP the chemical building block) (PP of (NP polyethylene)))))) , (VP has n't (VP dropped (ADVP-MNR nearly so fast))) .)) (TOP (S (NP-SBJ That discrepancy) (VP hurts (NP Quantum) (ADVP-MNR badly) , (SBAR-PRP because (S (NP-SBJ its own plants) (VP cover (NP (NP (QP only about half)) (PP of (NP its ethylene needs))))))) .)) (TOP (S (PP By (NP many accounts)) , (NP-SBJ (NP an early hint) (PP of (NP (NP a price rout) (PP-LOC in (NP the making))))) (VP came (PP-TMP at (NP (NP the start) (PP of (NP this year))))) .)) (TOP (S (NP-SBJ (NP China) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP been (VP putting (PRT in) (NP (NP huge orders) (PP for (NP polyethylene)))))))) ,) (VP (ADVP-MNR abruptly) halted (NP them)) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Calculating (SBAR that (S (NP-SBJ excess polyethylene) (VP would (ADVP-TMP soon) (VP be (VP sloshing (PP-CLR around (NP the world))))))))) , (NP-SBJ-1 other buyers) (ADVP then) (VP (VP bet (SBAR that (S (NP-SBJ prices) (VP had (VP peaked))))) and so (VP began (S (NP-SBJ *-1) (VP to (VP (VP draw (ADVP-CLR down) (NP inventories)) (CONJP rather than) (VP order (NP new product))))))) .)) (TOP (S (NP-SBJ (NP Kenneth Mitchell) , (NP (NP director) (PP of (NP (NP Dow 's) polyethylene business)))) , (VP says (SBAR 0 (S (NP-SBJ-1 producers) (VP were (VP surprised (S (NP-SBJ *-1) (VP to (VP learn (SBAR (WHADVP-2 how much) (S (NP-SBJ inventories) (VP had (VP swelled (PP-TMP throughout (NP the distribution chain)) (SBAR-TMP as (S (NP-SBJ prices) (VP spiraled (ADVP-DIR up)))) (ADVP *T*-2))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ People) (VP were (ADVP even) (VP hoarding (NP bags)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ producers) (VP hope (SBAR 0 (S (NP-SBJ prices) (VP have (VP hit (NP bottom)))))) .)) (TOP (S (NP-SBJ They) (ADVP-TMP recently) (VP announced (NP (NP increases) (PP of (NP (NP a few cents) (NP-ADV a pound))) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP take (NP effect) (PP-TMP in (NP the next several weeks)))))))) .)) (TOP (S (NP-SBJ No one) (VP knows , (ADVP however) , (SBAR whether (S (NP-SBJ the new posted prices) (VP will (VP stick (SBAR-TMP once (S (NP-SBJ-1 producers and customers) (VP start (S (NP-SBJ *-1) (VP to (VP haggle))))))))))) .)) (TOP (S (NP-SBJ One doubter) (VP is (NP-PRD (NP George Krug) , (NP (NP (NP a chemical-industry analyst) (PP-LOC at (NP Oppenheimer & Co.))) and (NP (NP a bear) (PP on (NP plastics stocks)))))) .)) (TOP (S (S-ADV (NP-SBJ *-3) (VP Noting (NP (NP (NP others ') estimates) (PP of (SBAR-NOM (WHADVP-2 when) (S (NP-SBJ-1 price increases) (VP can (VP be (VP sustained (NP *-1) (ADVP-TMP *T*-2)))))))))) , (NP-SBJ-3 he) (VP remarks , (SBAR 0 `` (S (NP-SBJ Some) (VP say (NP October))))) .)) (TOP (S (NP-SBJ Some) (VP say (NP November)) .)) (TOP (S (NP-SBJ I) (VP say (NP 1992)) . '')) (TOP (S (NP-SBJ He) (VP argues (SBAR that (S (NP-SBJ-1 efforts (S (NP-SBJ *) (VP to (VP firm (PRT up) (NP prices))))) (VP will (VP be (VP undermined (NP *-1) (PP by (NP-LGS (NP producers ') plans (S (NP-SBJ *) (VP to (VP expand (NP production capacity)))))))))))) .)) (TOP (S (NP-SBJ A quick turnaround) (VP is (ADJP-PRD crucial (PP to (NP Quantum))) (SBAR-PRP because (S (NP-SBJ its cash requirements) (VP remain (ADJP-PRD heavy))))) .)) (TOP (S (NP-SBJ-1 The company) (VP is (VP trying (S (NP-SBJ *-1) (VP to (VP carry (PRT out) (NP (NP a three-year , (ADJP (QP $ 1.3 billion) *U*) plant-expansion program) (VP started (NP *) (NP-TMP this year)))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ (NP its annual payments) (PP on (NP long-term debt))) (VP will (VP (ADVP more than) double (PP-DIR from (ADVP-TMP (NP a year) ago)) (PP-DIR to (NP about $ 240 million *U*)) , (PP-PRP (ADVP largely) because of (NP (NP debt) (VP taken (NP *) (PRT on) (S-PRP (NP-SBJ *) (VP to (VP pay (NP a (ADJP $ 50-a-share *U*) special dividend) (NP-TMP earlier this year))))))))) .)) (TOP (S (NP-SBJ Quantum) (VP described (NP the payout) (PP-TMP at (NP the time)) (PP-CLR as (NP (NP a way) (SBAR (WHADVP-1 0) for (S (NP-SBJ it) (VP to (VP share (NP the bonanza) (PP with (NP its holders)) (ADVP-MNR *T*-1) , (SBAR-PRP because (S (NP-SBJ its stock price) (VP was n't (VP reflecting (NP the huge profit increases)))))))))))) .)) (TOP (S (NP-SBJ Some analysts) (VP saw (NP the payment) (PP-CLR as (NP an effort (S (NP-SBJ *) (ADVP also) (VP to (VP dispel (NP takeover speculation))))))) .)) (TOP (S (SBAR-SBJ Whether (S (NP-SBJ a cash crunch) (VP might (ADVP-TMP eventually) (VP force (S (NP-SBJ the company) (VP to (VP cut (NP (NP its quarterly dividend) , (VP raised (NP-EXT 36 %) (PP-DIR to (NP (NP 75 cents) (NP-ADV a share))) (ADVP-TMP (NP (QP only a) year) ago)))))))))) , (VP has (VP become (NP-PRD (NP a topic) (PP of (NP intense speculation))) (PP-LOC on (NP Wall Street)) (SBAR-TMP since (S (NP-SBJ Mr. Stookey) (VP deflected (NP dividend questions) (PP-LOC in (NP (NP a Sept. 29 meeting) (PP with (NP analysts))))))))) .)) (TOP (S (NP-SBJ Some) (VP viewed (NP (NP his response) -- (SBAR that (S (NP-SBJ company directors) (VP review (NP the dividend) (ADVP-TMP regularly)))) --) (PP-CLR as (NP (NP nothing) (ADJP (ADJP more) (PP than (NP (NP the standard line) (PP from (NP executives)))))))) .)) (TOP (S But (NP-SBJ-1 others) (VP came (ADVP-DIR away) (S-ADV (NP-SBJ *-1) (VP thinking (SBAR 0 (S (NP-SBJ he) (VP had (VP given (NP (NP something) (ADJP (ADJP less) (PP than (NP his usual straight-from-the-shoulder performance))))))))))) .)) (TOP (S (PP-LOC In (NP any case)) , (PP-TMP on (NP (NP the day) (PP of (NP the meeting)))) , (NP-SBJ (NP Quantum 's) shares) (VP slid (NP-EXT $ 2.625 *U*) (PP-DIR to (NP $ 36.625 *U*)) (PP-LOC in (NP Big Board trading))) .)) (TOP (S (PP-LOC On (NP (NP top) (PP of (NP (NP everything) (ADJP else))))) , (NP-SBJ Quantum) (VP confronts (NP (NP a disaster) (PP-LOC at (NP (NP its plant) (PP-LOC in (NP (NP Morris) , (NP Ill))))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ an explosion) (VP idled (NP the plant) (PP-TMP in (NP June))))) , (NP-SBJ the company) (VP progressed (PP-TMP in (NP September)) (PP-DIR to (PP-LOC (NP (QP within 12) hours) (PP of (S-NOM (NP-SBJ *) (VP completing (NP (NP the drawn-out process) (PP of (S-NOM (NP-SBJ *) (VP restarting (NP it))))))))))) .)) (TOP (S Then (NP-SBJ a second explosion) (VP occurred) .)) (TOP (S (S (NP-SBJ Two workers) (VP died)) and (S (NP-SBJ six) (VP remain (PP-LOC-PRD in (NP the hospital)))) .)) (TOP (S (NP-SBJ This human toll) (VP adds (NP (NP the (ADJP most painful) dimension) (ADVP-TMP yet)) (PP-CLR to (NP (NP the sudden change) (PP-LOC in (NP (NP Quantum 's) fortunes))))) .)) (TOP (S (PP-TMP Until (NP this year)) , (NP-SBJ the company) (VP had (VP been (VP (VP (ADVP-MNR steadily) lowering (NP its accident rate)) and (VP picking (PRT up) (NP trade-group safety awards))))) .)) (TOP (S (NP-SBJ (NP A prolonged production halt) (PP-LOC at (NP the plant))) (VP could (VP introduce (NP another imponderable) (PP-DIR into (NP (NP Quantum 's) financial future)))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 a plant) (VP has (ADVP just) (VP been (VP running (ADVP-MNR flat out) (S-PRP (NP-SBJ *-1) (VP to (VP meet (NP demand)))) (ADVP-TMP *T*-2)))))) , (S-NOM-SBJ (NP-SBJ *) (VP calculating (NP (NP lost profit) and thus (NP (NP claims) (PP-LOC under (NP business-interruption insurance)))))) (VP is (ADJP-PRD straightforward)) .)) (TOP (S But (NP-SBJ the numbers) (VP become (ADJP-PRD (ADJP trickier) -- and (ADJP subject (PP to (NP (NP dickering) (PP between (NP insured and insurer))))) --) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ demand) (VP is (VP shifting (ADVP-TMP *T*-1)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ You) (VP say (SBAR 0 (S (NP-SBJ you) (VP could (VP have (VP sold (NP (NP (NP X percent) (PP of (NP this product))) and (NP (NP Y percent) (PP of (NP that))))))))))) , '' (VP recalls (S *T*-2)) (NP-SBJ (NP Theodore Semegran) , (NP (NP an analyst) (PP-LOC at (NP Shearson Lehman Hutton)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP went (PP-DIR through (NP this exercise)) (PP-TMP during (NP (NP his former career) (PP as (NP a chemical engineer))))))))) .)) (TOP (S `` And then (NP-SBJ-1 you) (ADVP-TMP still) (VP have (S (NP-SBJ *-1) (VP to (VP negotiate)))) . '')) (TOP (S (NP-SBJ Quantum) (VP hopes (SBAR 0 (S (NP-SBJ (NP the Morris plant) , (SBAR (WHADVP-1 where) (S (NP-SBJ limited production) (VP got (PP-LOC-PRD under (NP way)) (NP-TMP last week) (ADVP-LOC *T*-1)))) ,) (VP will (VP resume (NP full operation) (PP-TMP by (NP (NP year 's) end))))))) .)) (TOP (S (NP-SBJ The plant) (ADVP-TMP usually) (VP accounts (PP-CLR for (NP (NP (QP 20 % to 25 %) *U*) (PP of (NP (NP Quantum 's) polyethylene production)) and (NP (NP 50 %) (PP of (NP its ethylene production)))))) .)) (TOP (S (NP-SBJ Not everything) (VP looks (ADJP-PRD grim) (PP for (NP Quantum))) .)) (TOP (S (NP-SBJ The plant expansion) (VP should (VP strengthen (NP (NP (NP the company 's) sway) (PP-LOC in (NP (NP the polyethylene business) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 market share) (VP is (ADVP-TMP often) (VP taken (NP *-1) (PP through (NP sheer capacity)) (ADVP-LOC *T*-2)))))))))) .)) (TOP (S (PP-MNR By (S-NOM (NP-SBJ *-1) (VP lifting (NP ethylene production)))) , (NP-SBJ-1 the expansion) (VP will (ADVP also) (VP lower (NP (NP the company 's) raw material costs))) .)) (TOP (S (NP-SBJ Quantum) (VP is (ADVP also) (VP tightening (NP (NP its grip) (PP-LOC on (NP (NP (NP its one large business) (PP-LOC outside (NP chemicals))) , (NP propane marketing)))))) .)) (TOP (S (PP Through (NP (NP a venture) (PP with (NP (NP its investment banker) , (NP First Boston Corp.) ,)))) (NP-SBJ Quantum) (VP completed (PP-TMP in (NP August)) (NP (NP an acquisition) (PP of (NP Petrolane Inc.))) (PP-LOC in (NP (NP a transaction) (VP valued (NP *) (PP-CLR at (NP (QP $ 1.18 billion) *U*)))))) .)) (TOP (S (NP-SBJ Petrolane) (VP is (NP-PRD (NP the second-largest propane distributor) (PP-LOC in (NP the U.S.)))) .)) (TOP (S (NP-SBJ-1 (NP The largest) , (NP Suburban Propane) ,) (VP was (ADVP-TMP already) (VP owned (NP *-1) (PP by (NP-LGS Quantum)))) .)) (TOP (S (ADVP-TMP Still) , (NP-SBJ Quantum) (VP has (NP (NP a crisis) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP get (PP-CLR past (NP *T*-1))))))) (ADVP-TMP right now)) .)) (TOP (S (NP-SBJ Some analysts) (VP speculate (SBAR 0 (S (NP-SBJ the weakening stock) (VP may (ADVP-TMP yet) (VP attract (NP a suitor)))))) .)) (TOP (S (NP-SBJ (NP The name) (VP surfacing (PP-LOC in (NP rumors)))) (VP is (NP-PRD (NP British Petroleum Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (VP looking (S (NP-SBJ *-2) (VP to (VP expand (NP (NP its polyethylene business) (PP-LOC in (NP the U.S.)))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Asked (NP *-1) (PP-CLR about (NP (NP a bid) (PP for (NP Quantum)))))) , (NP-SBJ-2 a BP spokesman) (VP says , `` (SBAR 0 (S (S (NP-SBJ-3 We) (ADVP pretty much) (VP have (NP (NP a policy) (PP of (S-NOM (NP-SBJ *-3) not (VP commenting (PP-CLR on (NP rumors)))))))) , and (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ that) (VP falls (PP-DIR in (NP that category)))))))))) .)) (TOP (S (NP-SBJ-1 RJR Nabisco Inc.) (VP is (VP disbanding (NP (NP its division) (ADJP responsible (PP for (S-NOM (NP-SBJ *) (VP buying (NP network advertising time)))))) , (PP-TMP (NP (QP just a) month) after (S-NOM (NP-SBJ *-1) (VP moving (NP (NP 11) (PP of (NP (NP the group 's) 14 employees))) (PP-DIR to (NP New York)) (PP-DIR from (NP Atlanta))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP (NP the (ADJP New York-based) food and tobacco giant) , (VP taken (S (NP-SBJ *) (ADJP-PRD private)) (NP-TMP earlier this year) (PP-LOC in (NP a $ 25 billion *U* leveraged buy-out)) (PP by (NP-LGS Kohlberg Kravis Roberts & Co.))) ,))) (VP confirmed (SBAR that (S (NP-SBJ it) (VP is (VP (VP shutting (PRT down) (NP the RJR Nabisco Broadcast unit)) , and (VP dismissing (NP its 14 employees)) , (PP-LOC in (NP a move (S (NP-SBJ *) (VP to (VP save (NP money))))))))))) .)) (TOP (S (NP-SBJ The spokesman) (VP said (SBAR 0 (S (NP-SBJ RJR) (VP is (VP discussing (NP its network-buying plans) (PP with (NP (NP its two main advertising firms) , (NP (NP FCB/Leber Katz) and (NP McCann Erickson))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ We) (VP found (PP with (NP (NP the size) (PP of (NP our media purchases)))) (SBAR that (S (NP-SBJ an ad agency) (VP could (VP do (NP (ADJP just as good) a job) (PP at (NP (ADJP significantly lower) cost)))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP the spokesman) , (SBAR (WHNP-1 who) (S (NP-SBJ-4 *T*-1) (VP declined (S (NP-SBJ *-4) (VP to (VP specify (SBAR (WHNP-2 how much) (S (NP-SBJ RJR) (VP spends (NP *T*-2) (PP-CLR on (NP network television time)))))))))))) .)) (TOP (S (NP-SBJ (NP An executive) (ADJP close (PP to (NP the company)))) (VP said (SBAR 0 (S (NP-SBJ RJR) (VP is (VP spending (NP (NP (QP about $ 140 million) *U*) (ADVP *ICH*-1)) (PP-CLR on (NP network television time)) (NP-TMP this year) , (ADVP-1 down (PP from (NP (NP (QP roughly $ 200 million) *U*) (NP-TMP last year))))))))) .)) (TOP (S (NP-SBJ The spokesman) (VP said (SBAR 0 (S (S (NP-SBJ-1 the broadcast unit) (VP will (VP be (VP disbanded (NP *-1) (NP-TMP Dec. 1))))) , and (S (NP-SBJ the move) (VP wo n't (VP affect (NP (NP RJR 's) print , radio and spot-television buying practices))))))) .)) (TOP (S (NP-SBJ-1 The broadcast group) (VP had (VP been (VP based (NP *-1) (PP-LOC-CLR in (NP New York)) (PP-TMP until (ADVP-TMP (NP a year) ago) , (SBAR (WHADVP-2 when) (S (NP-SBJ (NP RJR 's) previous management) (VP moved (NP it) (PP-DIR to (NP (NP Atlanta) , (NP (NP the company 's) headquarters))) (PP-TMP before (NP this summer)) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (NP-SBJ (NP One employee) (PP with (NP the group))) (VP said (SBAR 0 (S (NP-SBJ RJR) (VP moved (NP (NP 11 employees) (PP of (NP the group))) (ADVP-DIR back (PP to (NP New York))) (PP-TMP in (NP September)) (SBAR-PRP because `` (S (NP-SBJ-1 there) (VP was (VP supposed (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a future)))))))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP hired (NP three more buyers) (PP-PRP for (NP the unit)) (PP-TMP within (NP the past two weeks)) , (S-ADV (NP-SBJ *-1) (VP wooing (NP them) (PP-DIR from (NP (NP jobs) (PP with (NP advertising agencies)))))))))) .)) (TOP (S (NP-SBJ The RJR spokesman) (VP said (SBAR 0 (S (NP-SBJ the company) (VP moved (NP the 11 employees) (PP-DIR to (NP New York)) (NP-TMP last month) (SBAR-PRP because (S (NP-SBJ-1 the group) (VP had (ADVP-TMP then) (VP been (PP-LOC-PRD in (NP (NP the midst) (PP of (S-NOM (NP-SBJ *-1) (VP purchasing (NP (NP ad time) (PP-PRP for (NP (NP the networks ') upcoming season)))))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-1 (NP The studies) (PRN -LCB- (PP on (S-NOM (NP-SBJ *) (VP closing (NP the unit)))) -RCB-)) (VP could n't (VP be (VP completed (NP *-1) (PP-TMP until (NP now)))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ-1 (NP (NP The group 's) president) , (NP Peter Chrisanthopoulos) ,) (VP was n't (PP-LOC-PRD in (NP his office)) (NP-TMP Friday afternoon) (S-PRP (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ (NP The U.S.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP finalizing (NP its steel-import quotas))))) ,) (VP is (VP allocating (NP (NP a larger share) (PP of (NP its steel market))) (PP-DTV to (NP (NP (ADJP (ADJP developing) and (ADJP newly industrialized)) countries) (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP have (NP (ADJP relatively unsubsidized) steel industries)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ the U.S.) (VP has (VP (VP negotiated (NP (NP a significant cut) (PP-LOC in (NP (NP Japan 's) steel quota)))) , and (VP made (NP (NP only a minor increase) (PP to (NP (NP the steel allotment) (PP for (NP the European Community)))))))) .)) (TOP (S (NP-SBJ-2 (NP Brazil) , (ADJP similar (PP to (NP (NP Mexico) and (NP South Korea)))) ,) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP negotiate (NP (NP a (ADJP somewhat bigger) share) (PP of (NP the U.S. market)) (SBAR than (S (NP-SBJ it) (VP had (NP *) (PP-LOC under (NP (NP the previous five-year steel quotas) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP expired (NP-TMP Sept. 30))))))))))))))) .)) (TOP (S (NP-SBJ Brazil and Venezuela) (VP are (NP-PRD (NP the only two countries) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have n't (VP completed (NP (NP steel talks) (PP with (NP the U.S.)) (PP-PRP for (NP (NP the year) (VP ending (NP-TMP Oct. 1 , 1990))))))))))) .)) (TOP (S (PP-TMP In (NP recent years)) , (NP-SBJ U.S. steelmakers) (VP have (VP supplied (NP (NP (QP about 80) %) (PP of (NP (NP the (QP 100 million) tons) (PP of (NP steel)) (VP used (NP *) (ADVP-TMP annually) (PP by (NP-LGS the nation)))))))) .)) (TOP (S (PP-TPC-3 Of (NP (NP the remaining 20 %) (VP needed (NP *)))) , (NP-SBJ the steel-quota negotiations) (VP allocate (NP (NP (QP about 15) %) (PP *T*-3)) (PP-DTV to (NP foreign suppliers)) , (SBAR-ADV with (S (NP-SBJ-4 the difference) (VP supplied (NP *-4) (PP (ADVP mainly) by (NP-LGS (NP Canada) -- (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is n't (VP included (NP *-1) (PP-LOC-CLR in (NP the quota program)))))))))))) .)) (TOP (S (NP-SBJ (NP Other countries) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do n't (VP have (NP (NP formal steel quotas) (PP with (NP the U.S.))))))) , (PP such as (NP Taiwan , Sweden and Argentina)) ,) (ADVP also) (VP have (VP supplied (NP steel))) .)) (TOP (S (NP-SBJ (NP Some) (PP of (NP these countries))) (VP have (PP-TMP in (NP recent years)) (VP made (NP (NP informal agreements) (PP with (NP the U.S.)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD similar (PP to (NP quotas))))))))) .)) (TOP (S (NP-SBJ The Bush administration) (NP-TMP earlier this year) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP extend (NP (NP steel quotas) , (VP known (NP *) (PP-CLR as (NP voluntary restraint agreements))) ,) (PP-TMP-CLR until (NP March 31 , 1992))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP would (VP use (NP that (ADJP two-and-a-half year) period) (S-PRP (NP-SBJ *-2) (VP to (VP work (PP-CLR toward (NP (NP an international consensus) (PP on (S-NOM (NP-SBJ *) (VP freeing (ADVP-CLR up) (NP (NP the international steel trade) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP has (VP been (VP (ADVP-MNR notoriously) managed , subsidized and protected (NP *-3) (PP by (NP-LGS governments))))))))))))))))))))) .)) (TOP (S (NP-SBJ The U.S.) (VP termed (S (NP-SBJ its plan) , (NP-PRD a `` trade liberalization program)) , '' (PP despite (NP the fact (SBAR that (S (NP-SBJ it) (VP is (NP-PRD merely an extension))))))) .)) (TOP (S (NP-SBJ (NP Mexico) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP one) (PP of (NP (NP the first countries) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP conclude (NP (NP its steel talks) (PP with (NP the U.S.))))))))))))) ,) (VP (ADVP virtually) doubled (NP its quota) (PP-DIR to (NP (NP 0.95 %) (PP of (NP the U.S. steel market)))) (PP-DIR from (NP (NP 0.48 %) (PP-LOC under (NP the previous quotas))))) .)) (TOP (S (NP-SBJ-2 (NP South Korea) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP 1.9 %) (PP-LOC under (NP the previous quotas))))) ,) (VP is (VP set (S (NP-SBJ *-2) (VP to (VP get (NP (NP a small increase) (PP to (NP (QP about 1.95) %)))))))) .)) (TOP (S (NP-SBJ That increase) (VP rises (PP-DIR to (NP (NP (QP slightly more than 2) %) (PP of (NP the U.S. market)))) (SBAR-ADV if (S (NP-SBJ-1 a joint Korean-U.S. steel project) (VP is (VP included (NP *-1)))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ-2 Brazil) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP increase (NP its allowance) (PP-DIR from (NP (NP the (ADJP 1.43 %) share) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP has (VP had (NP *T*-1) (PP-TMP in (NP recent years))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP The EC) and (NP Japan)) -- (NP (NP the U.S. 's) largest steel suppliers) --) (VP have n't (VP been (VP filling (NP their quotas) (PP-EXT to (NP the full extent))))) .)) (TOP (S (NP-SBJ (NP The EC steel industry) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (VP coping (PP-CLR with (NP strong European demand))))))) ,) (VP has (VP been (VP supplying (NP (NP (QP about 5) %) (PP of (NP the U.S. market)) (PP compared (PP with (NP (NP recent quotas) (PP of (NP (QP about 6.7) %))))))))) .)) (TOP (S (NP-SBJ Japan) (VP has (VP been (VP shipping (NP (NP steel) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP total (NP (NP (QP about 4.5) %) (PP of (NP the U.S. market)) (PP compared (PP with (NP (NP a quota) (PP of (NP 5.9 %)))))))))))))) .)) (TOP (S (PP-LOC In (NP the recent talks)) , (NP-SBJ the EC) (VP had (S (NP-SBJ its quota) (VP increased (NP-EXT about 300,000 tons) , (PP-DIR to (NP (NP 7 %) (PP of (NP the U.S. market)))) (PP-DIR from (NP 6.7 %) (PP-TMP in (NP 1988)))))) .)) (TOP (S But (NP-SBJ its quota) (VP has (VP been (ADJP-PRD (ADJP as high) (PP as (NP (NP 6.9 %) (PP-TMP in (NP 1984))))))) .)) (TOP (S (NP-SBJ-1 Japan) , (ADVP however) , (VP has (VP agreed (S (NP-SBJ *-1) (VP to (VP cut (NP its quota) (PP-DIR to (NP (QP about 5) %)) (PP-DIR from (NP 5.9 %) (ADVP-TMP previously))))))) .)) (TOP (S (NP-SBJ (NP Japan) , (NP the EC) , (NP Brazil) , (NP Mexico) and (NP South Korea)) (VP provide (NP (NP (QP about 80) %) (PP of (NP (NP the steel) (VP imported (NP *) (PP-DIR to (NP the U.S.)) (PP-LOC under (NP the quota program))))))) .)) (TOP (S (NP-SBJ-1 The balance) (VP is (VP supplied (NP *-1) (PP by (NP-LGS (NP a host) (PP of (NP (NP smaller exporters) , (PP such as (NP Australia and Venezuela)))))))) .)) (TOP (S (NP-SBJ The U.S.) (VP had (NP (NP (QP about an extra 2) %) (PP of (NP the domestic steel market)) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP give (NP *T*-1) (PP-DTV to (NP foreign suppliers)) (PP-LOC in (NP its quota talks)))))))) .)) (TOP (S (NP-SBJ-1 That) (VP was (ADVP essentially) (VP made (NP *-1) (PRT up) (PP-CLR of (NP (NP (NP a (ADJP 1 %) increase) (PP-LOC in (NP the overall quota program))) and (NP (NP 1 %) (PP from (S-NOM (NP-SBJ *) (VP cutting (NP (NP Japan 's) allowance))))))))) .)) (TOP (S (NP-SBJ (NP Negotiators) (PP from (NP the White House trade office))) (VP will (VP repeat (NP these quota negotiations) (NP-TMP (NP next year) (SBAR (WHADVP-2 when) (S (NP-SBJ they) (VP will (VP have (NP (NP another 1 %) (PP of (NP the U.S. steel market)) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP allocate (NP *T*-1)))))) (ADVP-TMP *T*-2)))))))) .)) (TOP (S (NP-SBJ-1 (NP These optional 1%-a-year increases) (PP to (NP the steel quota program))) (VP are (VP built (NP *-1) (PP-CLR into (NP (NP the Bush administration 's) steel-quota program)) (S-PRP (NP-SBJ *) (VP to (VP give (NP its negotiators) (NP (NP leverage) (PP with (NP foreign steel suppliers)) (SBAR (WHADVP-3 0) (S (NP-SBJ-2 *) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP get (S (NP-SBJ them) (VP to (VP withdraw (NP subsidies and protectionism) (PP-DIR from (NP their own steel industries)))))))) (ADVP *T*-3))))))))))) .)) (TOP (S (NP-SBJ Elcotel Inc.) (VP (VP expects (S (NP-SBJ fiscal second-quarter earnings) (VP to (VP trail (NP 1988 results))))) , but (VP anticipates (SBAR that (S (NP-SBJ several new products) (VP will (VP lead (PP-DIR to (NP (NP a `` (ADJP much stronger) '' performance) (PP-TMP in (NP its second half)))))))))) .)) (TOP (S (NP-SBJ (NP Elcotel) , (NP a telecommunications company) ,) (VP had (NP (NP net income) (PP of (NP (NP $ 272,000 *U*) , or (NP (NP five cents) (NP-ADV a share))))) , (PP-TMP in (NP (NP its year-earlier second quarter) , (VP ended (NP-TMP Sept. 30))))) .)) (TOP (S (NP-SBJ Revenue) (VP totaled (NP (QP $ 5 million) *U*)) .)) (TOP (S (NP-SBJ (NP George Pierce) , (NP (NP chairman) and (NP chief executive officer)) ,) (VP said (PP-LOC in (NP an interview)) (SBAR that (S (NP-SBJ (NP earnings) (PP-TMP in (NP the (ADJP most recent) quarter))) (VP will (VP be (NP-PRD (NP (NP (QP about two) cents) (NP-ADV a share)) (PP on (NP (NP revenue) (PP of (NP (QP just under $ 4 million) *U*)))))))))) .)) (TOP (S-1 (NP-SBJ The lower results) (PRN , (S (NP-SBJ Mr. Pierce) (VP said (SBAR 0 (S *T*-1)))) ,) (VP reflect (NP (NP a 12-month decline) (PP-LOC in (NP (NP industry sales) (PP of (NP (NP (ADJP privately owned) pay telephones) , (NP (NP Elcotel 's) primary business))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Mr. Pierce) (VP expects (S (NP-SBJ (NP that line) (PP of (NP business))) (VP to (VP strengthen (PP-TMP in (NP the next year)))))))) , (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ-1 Elcotel) (VP will (ADVP also) (VP benefit (PP-CLR from (S-NOM (NP-SBJ *-1) (VP moving (PP-DIR into (NP other areas)))))))))) .)) (TOP (S (SINV-TPC-2 (ADJP-TPC-PRD-1 Foremost) (PP-LOC among (NP those)) (VP is (ADJP-PRD *T*-1)) (NP-SBJ (NP (NP the company 's) entrance) (PP into (NP the public facsimile business)))) , (NP-SBJ Mr. Pierce) (VP said (SBAR 0 (SINV *T*-2))) .)) (TOP (S (PP-TMP Within (NP the next year)) , (NP-SBJ-1 Elcotel) (VP expects (S (NP-SBJ *-1) (VP to (VP place (NP (NP 10,000 fax machines) , (VP made (NP *) (PP by (NP-LGS Minolta)) (PP-LOC in (NP Japan))) ,) (PP-CLR in (NP (NP hotels) , (NP municipal buildings) , (NP drugstores) and (NP (NP other public settings) (PP-LOC around (NP the country))))))))) .)) (TOP (S (NP-SBJ Elcotel) (VP will (VP provide (NP (NP a credit-card reader) (SBAR (WHADVP-1 0) for (S (NP-SBJ the machines) (VP to (VP collect , store and forward (NP billing data) (ADVP *T*-1)))))))) .)) (TOP (S (NP-SBJ Mr. Pierce) (VP said (SBAR 0 (S (NP-SBJ Elcotel) (VP should (VP realize (NP (NP a minimum) (PP of (NP (NP $ 10 *U*) (PP of (NP recurring net earnings))))) (PP for (NP each machine)) (NP-TMP each month)))))) .)) (TOP (S (NP-SBJ Elcotel) (VP has (ADVP also) (VP developed (NP (NP an automatic call processor) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP make (NP-CLR further use) (PP-CLR of (NP (NP (NP the company 's) system) (PP for (S-NOM (NP-SBJ *) (VP automating and handling (NP (NP credit-card calls) and (NP collect calls)))))))))))))) .)) (TOP (S-1 (NP-SBJ Automatic call processors) (VP will (VP provide (NP that system) (PP-PRP for (NP (NP (ADJP virtually any) telephone) (PRN , (S (NP-SBJ Mr. Pierce) (VP said (SBAR 0 (S *T*-1)))) ,) (NP (NP not just phones) (VP produced (NP *) (PP by (NP-LGS Elcotel)))))))) .)) (TOP (S (NP-SBJ The company) (VP will (ADVP also) (VP be (VP producing (NP (NP a new line) (PP of (NP (NP convenience telephones) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP do n't (VP accept (NP coins))))) ,)) (PP-PRP for (NP (NP use) (PP-LOC in (NP (NP hotel lobbies) , (NP office lobbies) , (NP hospitality lounges) and (NP similar settings))))))))) .)) (TOP (S (NP-SBJ Mr. Pierce) (VP estimated (SBAR that (S (NP-SBJ the (NX (NX processors) and (NX convenience phones))) (VP would (VP produce (NP (NP (QP about $ 5) *U*) (PP of (NP recurring net earnings))) (PP for (NP each machine)) (NP-TMP each month)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Britain 's) retail price index) (VP (VP rose (NP-EXT 0.7 %) (PP-TMP in (NP September)) (PP-DIR from (NP-TMP August))) and (VP was (ADVP-PRD up (NP 7.6 %)) (PP for (NP the year))))) , (NP-SBJ the Central Statistical Office) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Quest Medical Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP adopted (NP (NP (NP a shareholders ') rights plan) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ-1 rights (S (NP-SBJ *) (VP to (VP purchase (NP (NP shares) (PP of (NP common stock))))))) (VP will (VP be (VP distributed (NP *-1) (PP as (NP a dividend)) (PP-DIR to (NP (NP shareholders) (PP of (NP record)) (PP-TMP as (PP of (NP Oct. 23))))) (PP-LOC *T*-2))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 the plan) (VP was n't (VP adopted (NP *-1) (PP in (NP (NP response) (PP to (NP (NP any known offers) (PP for (NP (NP Quest) , (NP (NP a maker and marketer) (PP of (NP hospital products)))))))))))))) .)) (TOP (S (NP-SBJ The rights) (VP allow (S (NP-SBJ shareholders) (VP to (VP purchase (NP Quest stock) (PP at (NP a discount)) (SBAR-ADV if (S (NP-SBJ any person or group) (VP (VP acquires (NP (NP (NP (QP more than 15) %) (PP of (NP (NP the company 's) common stock))))) or (VP announces (NP a tender offer))))))))) .)) (TOP (S (NP-SBJ-1 Measuring cups) (VP may (ADVP-TMP soon) (VP be (VP replaced (NP *-1) (PP by (NP-LGS tablespoons)) (PP-LOC in (NP the laundry room))))) .)) (TOP (S (NP-SBJ-2 Procter & Gamble Co.) (VP plans (S (NP-SBJ-3 *-2) (VP to (VP begin (S (NP-SBJ *-3) (VP testing (NP-TMP next month) (NP (NP a superconcentrated detergent) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP require (NP (NP (QP only a few) spoonfuls) (PP per (NP washload)))))))))))))) .)) (TOP (S (NP-SBJ The move) (VP stems (PP-DIR from (NP (NP lessons) (VP learned (NP *) (PP-LOC in (NP (NP Japan) (SBAR (WHADVP-1 where) (S (NP-SBJ local competitors) (VP have (VP had (NP phenomenal success) (PP with (NP concentrated soapsuds)) (ADVP-LOC *T*-1))))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP marks (NP (NP P&G 's) growing concern (SBAR that (S (NP-SBJ (NP its Japanese rivals) , (PP such as (NP Kao Corp.)) ,) (VP may (VP bring (NP their superconcentrates) (PP-DIR to (NP the U.S.)))))))) .)) (TOP (S (NP-SBJ-1 The Cincinnati consumer-products giant) (VP got (VP clobbered (NP *-1) (ADVP-TMP (NP two years) ago) (PP-LOC in (NP Japan)) (SBAR-TMP (WHADVP when) (S (NP-SBJ Kao) (VP introduced (NP (NP a powerful detergent) , (VP called (S (NP-SBJ *) (NP-PRD Attack))) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP (ADVP-MNR quickly) won (NP (NP a (ADJP 30 %) stake) (PP-LOC in (NP the Japanese markets)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 They) (VP do n't (VP want (S (NP-SBJ-3 *-2) (VP to (VP get (VP caught (NP *-3) (ADVP-TMP again)))))))) , '' (VP says (S *T*-1)) (NP-SBJ one industry watcher) .)) (TOP (S (NP-SBJ (NP Retailers) (PP-LOC in (NP (NP Phoenix) , (NP Ariz.) ,))) (VP say (SBAR 0 (S (NP-SBJ (NP (NP P&G 's) new powdered detergent) -- (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP called (S (NP-SBJ *-1) (NP-PRD (NP Cheer) (PP with (NP Color Guard))))))))) --) (VP will (VP be (PP-LOC-PRD on (NP (NP shelves) (PP-LOC in (NP that market)))) (PP-TMP by (NP early November))))))) .)) (TOP (S (NP-SBJ A P&G spokeswoman) (VP confirmed (SBAR that (S (NP-SBJ (NP shipments) (PP to (NP Phoenix))) (VP started (NP-TMP late last month))))) .)) (TOP (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ-1 the company) (VP will (VP study (NP (NP results) (PP from (NP this market))) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP expanding (PP-DIR to (NP others)))))))))) .)) (TOP (S (NP-SBJ Superconcentrates) (VP are n't (ADJP-PRD entirely new) (PP for (NP P&G))) .)) (TOP (S (NP-SBJ-1 The company) (VP introduced (NP a superconcentrated Lemon Cheer) (PP-LOC in (NP Japan)) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP watching (NP (NP the success) (PP of (NP Attack))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Attack) (VP hit (NP the shelves) (PP-TMP in (NP 1987)) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP (NP P&G 's) share) (PP of (NP the Japanese market))) (VP fell (PP-DIR to (NP (QP about 8) %)) (PP-DIR from (NP (QP more than 20) %))) .)) (TOP (S (PP With (NP (NP the help) (PP of (NP Lemon Cheer)))) , (NP-SBJ-1 (NP P&G 's) share) (VP is (ADVP-TMP now) (VP estimated (S (NP-SBJ *-1) (VP to (VP be (NP-PRD 12 %)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the Japanese) (VP have (VP embraced (NP (NP the compact packaging and convenience) (PP of (NP concentrated products))))))) , (NP-SBJ (NP the true test) (PP for (NP P&G))) (VP will (VP be (PP-LOC-PRD in (NP (NP the (ADJP (QP $ 4 billion) *U*) U.S. detergent market) , (SBAR (WHADVP-1 where) (S (S (NP-SBJ growth) (VP is (ADJP-PRD slow) (ADVP-LOC *T*-1))) and (S (NP-SBJ liquids) (VP have (VP gained (NP (NP prominence) (PP over (NP powders))) (ADVP-LOC *T*-1)))))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP may (VP have (VP chosen (S (NP-SBJ *-1) (VP to (VP market (NP the product) (PP-LOC under (NP the Cheer name))))) (SBAR-PRP since (S (NP-SBJ it) (VP 's (ADVP-TMP already) (VP expanded (NP its best-selling Tide) (PP-DIR into (NP (NP 16 different varieties) , (PP including (NP (NP (NP this year 's) big hit) , (NP (NP Tide) (PP with (NP Bleach)))))))))))))) .)) (TOP (S (S (PP With (NP superconcentrates)) , (ADVP however) , (NP-SBJ (NP it) (S *EXP*-1)) (VP is n't (ADVP-TMP always) (ADJP-PRD easy) (S-1 (NP-SBJ *) (VP to (VP persuade (NP consumers) (SBAR that (S (NP-SBJ less) (VP is (ADJP-PRD more))))))))) ; (S (NP-SBJ-2 many people) (VP tend (S (NP-SBJ *-2) (VP to (VP dump (NP (ADJP too much) detergent) (PP-DIR into (NP the washing machine))))) , (S-ADV (NP-SBJ *-2) (VP believing (SBAR that (S (NP-SBJ (NP it) (S *EXP*-3)) (VP takes (NP (NP a cup) (PP of (NP powder))) (S-3 (NP-SBJ *) (VP to (VP (ADVP really) clean (NP the laundry))))))))))) .)) (TOP (S (PP-TMP In (NP the early 1980s)) , (NP-SBJ-2 P&G) (VP tried (S (NP-SBJ *-2) (VP to (VP launch (ADVP-LOC here) (NP a concentrated detergent) (PP-LOC under (NP (NP the Ariel brand name) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP markets (NP *T*-1) (PP-LOC in (NP Europe))))))))))) .)) (TOP (S But (NP-SBJ-2 (NP the product) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was n't (ADJP-PRD (ADJP as concentrated) (PP as (NP the new Cheer)))))) ,) (VP (VP bombed (PP-LOC in (NP (NP a market test) (PP-LOC in (NP Denver))))) and (VP was (VP dropped (NP *-2)))) .)) (TOP (S (S (NP-SBJ-1 P&G and others) (ADVP also) (VP have (VP tried (ADVP repeatedly) (S (NP-SBJ *-1) (VP to (VP hook (NP consumers) (PP-CLR on (NP (NP detergent and fabric softener combinations) (PP-LOC in (NP pouches)))))))))) , but (S (NP-SBJ they) (VP have n't (VP sold (ADVP-MNR well) , (PP despite (NP the convenience))))) .)) (TOP (S But (NP-SBJ P&G) (VP contends (SBAR 0 (S (NP-SBJ the new Cheer) (VP is (NP-PRD (NP a unique formula) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP also) (VP offers (NP (NP an ingredient) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP prevents (NP-3 colors) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP fading))))))))))))))) .)) (TOP (S And (NP-SBJ-1 retailers) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP embrace (NP the product)))) , (SBAR-PRP (PP in (NP part)) because (S (NP-SBJ it) (VP will (VP take (PRT up) (NP less shelf space))))))) .)) (TOP (SINV `` (S-TPC (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ shelf space) (VP was (ADJP-PRD cheap) (ADVP-TMP *T*-1)))) , (NP-SBJ bigger) (VP was (ADJP-PRD better))) , '' (VP says) (NP-SBJ (NP Hugh Zurkuhlen) , (NP (NP an analyst) (PP-LOC at (NP Salomon Bros)))) .)) (TOP (S But (PP with (S-NOM (NP-SBJ (ADJP so many) brands) (VP vying (PP-CLR for (NP space))))) , (NP-SBJ that) (VP 's (ADVP-TMP no longer) (NP-PRD the case)) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the new Cheer) (VP sells (ADVP-MNR well)))) , (NP-SBJ-1 (NP the trend) (PP toward (NP smaller packaging))) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP accelerate (SBAR-TMP as (S (NP-SBJ competitors) (VP follow (PP with (NP their own superconcentrates)))))))))) .)) (TOP (S (S-TPC-1 Then (NP-SBJ retailers) `` (VP will (ADVP probably) (VP push (NP the (PRN -LCB- less-established -RCB-) brands) (PRT out) (ADVP altogether)))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 Competition) (VP is (ADJP-PRD bound (S (NP-SBJ *-1) (VP to (VP get (ADJP-PRD tougher) (SBAR-ADV if (S (NP-SBJ Kao) (VP introduces (NP (NP a product) (PP like (NP Attack))) (PP-LOC in (NP the U.S.)))))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP be (ADJP-PRD sure)))) , (NP-SBJ Kao) (VP would n't (VP have (NP (NP an easy time) (S-NOM (NP-SBJ *) (VP taking (NP U.S. market share) (ADVP-DIR away (PP from (NP (NP the mighty P&G) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP has (NP (NP (QP about 23) %) (PP of (NP the market)))))))))))))) .)) (TOP (S (S (NP-SBJ Kao officials) (ADVP-TMP previously) (VP have (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP are (ADJP-PRD interested (PP in (S-NOM (NP-SBJ *-1) (VP selling (NP detergents) (PP-LOC in (NP the U.S.)))))))))))) , but (S (ADVP-TMP so far) (NP-SBJ the company) (VP has (VP focused (PP-CLR on (NP (NP acquisitions) , (PP such as (NP (NP (NP last year 's) purchase) (PP of (NP (NP Andrew Jergens Co.) , (NP a Cincinnati hand-lotion maker)))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP has (NP a product-testing facility) (PP-LOC in (NP California))) .)) (TOP (S (NP-SBJ Some) (VP believe (SBAR 0 (S (NP-SBJ (NP (NP P&G 's) interest) (PP in (NP a superconcentrated detergent))) (VP goes (PP-DIR beyond (NP (NP the concern) (PP for (NP the Japanese)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ This) (VP is (NP-PRD (NP something) (SBAR (WHNP-1 0) (S (NP-SBJ P&G) (VP would (VP do (NP *T*-1) (PP with or without (NP Kao))))))))) , '' (VP says (S *T*-2)) (NP-SBJ Mr. Zurkuhlen) .)) (TOP (S (PP With (S-NOM (NP-SBJ (NP economic tension) (PP between (NP (NP the U.S.) and (NP Japan)))) (VP worsening))) , (NP-SBJ many Japanese) (VP had (VP feared (NP (NP (NP last week 's) visit) (PP from (NP U.S. Trade Representative Carla Hills))))) .)) (TOP (S (NP-SBJ They) (VP expected (NP (NP a new barrage) (PP of (NP demands (SBAR that (S (NP-SBJ-1 Japan) (VP do (NP something) (ADVP-MNR quickly) (S-PRP (NP-SBJ *-1) (VP to (VP reduce (NP (NP its trade surplus) (PP with (NP the U.S.))))))))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ they) (VP got (NP (NP a discussion) (PP (PP of (NP the need (SBAR for (S (NP-SBJ (NP the U.S.) and (NP Japan)) (VP to (VP work (ADVP-MNR together))))))) and (PP of (NP (NP the importance) (PP of (NP the long-term view))))))) .)) (TOP (S (NP-SBJ (NP (NP Mrs. Hills ') first trip) (PP to (NP Japan)) (PP as (NP (NP America 's) chief trade negotiator))) (VP had (NP (NP a (ADJP completely different) tone) (PP from (NP (NP (NP last month 's) visit) (PP by (NP Commerce Secretary Robert A. Mosbacher)))))) .)) (TOP (S (NP-SBJ Mr. Mosbacher) (VP called (PP-CLR for (NP (NP concrete results) (PP-TMP by (NP next spring)))) (PP in (NP (NP negotiations) (PP over (NP (NP fundamental Japanese business practices) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (ADVP supposedly) (VP inhibit (NP free trade))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ such results) (VP should (VP be (ADJP-PRD `` measurable (PP in (NP dollars and cents)) '' (PP in (S-NOM (NP-SBJ *) (VP reducing (NP (NP the U.S. trade deficit) (PP with (NP Japan)))))))))))) .)) (TOP (S But (NP-SBJ-1 Mrs. Hills) , (S-ADV (NP-SBJ *-1) (VP speaking (PP-LOC at (NP (NP a breakfast meeting) (PP of (NP (NP (NP the American Chamber) (PP of (NP Commerce))) (PP-LOC in (NP Japan)))))) (PP-TMP on (NP Saturday)))) , (VP stressed (SBAR that (S (S (NP-SBJ the objective) `` (VP is not (S-PRD (NP-SBJ *) (VP to (VP get (NP definitive action) (PP-TMP by (NP spring or summer))))))) , (S (NP-SBJ it) (VP is (ADVP rather) (S-PRD (NP-SBJ *) (VP to (VP have (NP (NP a blueprint) (PP for (NP action))))))))))) . '')) (TOP (S (NP-SBJ She) (VP added (SBAR that (S (NP-SBJ-1 she) (VP expected `` (S (NP-SBJ *-1) (ADVP perhaps) (VP to (VP have (NP (NP a down payment) ... (NP (NP some small step) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP convince (NP (NP the American people) and (NP the Japanese people)) (SBAR that (S (NP-SBJ we) (VP 're (VP moving (PP-MNR in (NP earnest))))))))))))))))))) . '')) (TOP (S (SBAR-NOM-SBJ (WHADVP-1 How) (S (NP-SBJ such remarks) (VP translate (PP-CLR into (NP policy)) (ADVP-MNR *T*-1)))) (VP wo n't (VP become (ADJP-PRD clear) (PP-TMP for (NP months)))) .)) (TOP (S (NP-SBJ (ADJP American and Japanese) officials) (VP offered (NP (NP several theories) (PP for (NP (NP the difference) (PP-LOC in (NP approach)) (PP betwen (NP (NP Mr. Mosbacher) and (NP Mrs. Hills))))))) .)) (TOP (S (NP-SBJ Many) (VP called (S (NP-SBJ it) (NP-PRD simply (NP (NP a contrast) (PP-LOC in (NP styles)))))) .)) (TOP (S But (NP-SBJ some) (VP saw (NP it) (PP-CLR as (NP a classic negotiating tactic))) .)) (TOP (S (NP-SBJ Others) (VP said (SBAR 0 (S (NP-SBJ the Bush administration) (VP may (VP feel (SBAR 0 (S (NP-SBJ (NP the rhetoric) (PP-LOC on (NP both sides))) (VP is (VP getting (ADVP-PRD out (PP of (NP hand)))))))))))) .)) (TOP (S And (NP-SBJ some) (VP said (SBAR 0 (S (NP-SBJ it) (VP reflected (NP (NP the growing debate) (PP-LOC in (NP Washington)) (PP over (S-NOM (NP-SBJ *) (VP pursuing (NP (NP (NP free trade) (PP with (NP Japan))) (PP versus (NP (NP some kind) (PP of (NP managed trade))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ-2 *-1) (VP Asked (NP-3 *-2) (S (NP-SBJ *-3) (VP to (VP compare (NP her visit) (PP-CLR to (NP Mr. Mosbacher 's))))))) , (NP-SBJ-1 Mrs. Hills) (VP replied : (SBAR 0 `` (S (S (NP-SBJ I) (VP did n't (VP hear (NP (NP every word) (SBAR (WHNP-4 0) (S (NP-SBJ he) (VP spoke (NP *T*-4)))))))) , but (S (PP as (NP a general proposition)) , (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ we) (VP have (NP a (ADJP very consistent) trade strategy) (PP-LOC in (NP the Bush administration)))))))))) . '')) (TOP (S Yet (NP-SBJ (NP (QP more than one) American official) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sat (PRT in) (PP with (NP her)) (PP-TMP during (NP (NP three days) (PP of (NP talks)) (PP with (NP Japanese officials)))))))) (VP said (SBAR 0 (S (NP-SBJ her tone) (ADVP-TMP often) (VP was (ADJP-PRD surprisingly `` conciliatory))))) . '')) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ my line) (VP has (VP been (ADJP-PRD very consistent))))))) , '' (NP-SBJ Mrs. Hills) (VP said (S *T*-1) (PP-LOC at (NP a news conference)) (NP-TMP Saturday afternoon)) .)) (TOP (S `` (NP-SBJ-1 I) (VP am (VP painted (NP *-1) (ADVP-TMP sometimes) (PP-CLR as (ADJP ferocious)) , (SBAR-PRP (ADVP perhaps) because (S (NP-SBJ I) (VP have (NP (NP a ferocious list) (PP of (NP statutes)) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP implement (NP *T*-2))))))))))) .)) (TOP (S (NP-SBJ I) (VP do n't (VP feel (ADJP-PRD very ferocious))) .)) (TOP (S (NP-SBJ I) (VP do n't (VP feel (ADJP-PRD either hard or soft))) .)) (TOP (S (NP-SBJ I) (VP feel (ADJP-PRD committed (PP to (NP (NP the program) (PP of (S-NOM (NP-SBJ *) (VP (VP opening (NP markets)) and (VP expanding (NP trade))))))))) . '')) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ she) (VP met (NP the local press) (PP for (NP the first time)) (PP-TMP on (NP Friday)) (ADVP-TMP *T*-1)))) , (NP-SBJ Mrs. Hills) (VP (ADVP-MNR firmly) reiterated (NP (NP the need) (PP for (NP (NP progress) (PP-LOC in (S-NOM (NP-SBJ *) (VP removing (NP (NP barriers) (PP to (NP trade)) (PP-LOC in (NP (NP (NP forest products) , (NP satellites) and (NP supercomputers)) , (NP (NP three areas) (VP targeted (NP *) (PP-LOC under (NP (NP the Super 301 provision) (PP of (NP the 1988 trade bill)))))))))))))))) .)) (TOP (S (NP-SBJ She) (VP highlighted (NP (NP exclusionary business practices) (SBAR (WHNP-1 that) (S (NP-SBJ the U.S. government) (VP has (VP identified (NP *T*-1))))))) .)) (TOP (S But (NP-SBJ her main thrust) (VP was (S-PRD (NP-SBJ *) (VP to (VP promote (NP (NP the importance) (PP of (NP (NP world-wide free trade) and (NP open competition)))))))) .)) (TOP (S (NP-SBJ She) (VP said (SBAR 0 (S (NP-SBJ-1 the trade imbalance) (VP (VP was (ADJP-PRD mainly due (PP to (NP macroeconomic factors)))) and (VP should n't (VP be (VP tackled (NP *-1) (PP by (S-NOM-LGS (NP-SBJ *) (VP setting (NP quantitative targets))))))))))) .)) (TOP (S (PP-LOC At (NP (NP her news conference) (PP for (NP Japanese reporters)))) , (NP-SBJ one economics journalist) (VP summed (PRT up) (NP (NP the Japanese sense) (PP of (NP relief)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ My impression) (VP was (SBAR-PRD that (S (NP-SBJ you) (VP would (VP be (NP-PRD a scary old lady))))))) , '' (NP-SBJ-2 he) (VP said (S *T*-1) , (S-ADV (NP-SBJ *-2) (VP drawing (NP a few nervous chuckles) (PP-DIR from (NP his colleagues))))) .)) (TOP (S `` But (NP-SBJ-1 I) (VP am (ADJP-PRD relieved (S (NP-SBJ *-1) (VP to (VP see (SBAR that (S (NP-SBJ you) (VP are (UCP-PRD (ADJP beautiful and gentle and intelligent) and (NP (NP a person) (PP of (NP integrity)))))))))))) . '')) (TOP (S (NP-SBJ (NP Mrs. Hills ') remarks) (VP did (VP raise (NP (NP questions) , (PP-LOC (ADVP at least) among (NP some U.S. officials)) , (PP about (SBAR-NOM (WHNP-1 (NP what) (ADVP exactly)) (S (NP-SBJ (NP her stance) (PP *ICH*-2)) (VP is (NP-PRD *T*-1) (PP-2 on (NP (NP U.S. access) (PP to (NP the Japanese semiconductor market))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The U.S. share) (PP of (NP the Japanese market))) (VP has (VP been (VP stuck (NP *-1) (PP-LOC around (NP 10 %)) (PP-TMP for (NP years))))) .)) (TOP (S (S (NP-SBJ Many Americans) (VP have (VP interpreted (NP-1 a 1986 agreement) (PP-CLR as (S-NOM (NP-SBJ *-1) (VP assuring (NP U.S. companies) (NP (NP a (ADJP 20 %) share) (PP-TMP by (NP 1991))))))))) , but (S (NP-SBJ-2 the Japanese) (VP have (VP denied (S (NP-SBJ *-2) (VP making (NP any such promise)))))) .)) (TOP (S (PP-LOC At (NP (NP one) (PP of (NP her news conferences)))) , (NP-SBJ Mrs. Hills) (VP said , (SBAR 0 `` (S (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ we) (VP can (VP do (ADVP (ADVP much better) (PP than (NP 20 %))))))))))) . '')) (TOP (S But (NP-SBJ she) (VP stressed , (SBAR 0 `` (S (NP-SBJ I) (VP am (PP-PRD against (NP managed trade)))))) .)) (TOP (S (NP-SBJ I) (VP will not (VP enter (PP-DIR into (NP (NP an agreement) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP stipulates (PP-CLR to (NP (NP a percentage) (PP of (NP the market))))))))))) .)) (TOP (S (NP-SBJ Traditional Industries Inc.) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP (VP expects (S (NP-SBJ *-2) (VP to (VP report (NP (NP a net loss) (PP for (NP (NP the fourth quarter) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP ended (NP-TMP June 30))))))))))) and (VP is (VP seeking (NP new financing))))))) .)) (TOP (S (NP-SBJ (NP The seller) (PP of (NP photographic products and services))) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP considering (NP (NP a number) (PP of (NP financing alternatives)) , (PP including (S-NOM (NP-SBJ *) (VP seeking (NP (NP increases) (PP-LOC in (NP its credit lines)))))))))))) .)) (TOP (S (NP-SBJ-1 Traditional) (VP (VP declined (S (NP-SBJ *-1) (VP to (VP estimate (NP (NP the amount) (PP of (NP the loss))))))) and (VP would n't (VP say (SBAR if (S (NP-SBJ-2 it) (VP expects (S (NP-SBJ *-2) (VP to (VP show (NP (NP a profit) (PP for (NP the year)))))))))))) .)) (TOP (S (PP-TMP In (NP (NP the year) (VP ended (NP-TMP June 30 , 1988)))) , (NP-SBJ Traditional) (VP reported (NP (NP net income) (PP of (NP (NP (QP $ 4.9 million) *U*) , or (NP (NP $ 1.21 *U*) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ The company) (VP did n't (VP break (PRT out) (NP its fourth-quarter results))) .)) (TOP (S (PP-TMP In (NP the latest nine months)) (NP-SBJ net income) (VP was (NP-PRD (NP (QP $ 4.7 million) *U*) , or (NP (NP $ 1.31 *U*) (NP-ADV a share)) ,) (PP on (NP (NP revenue) (PP of (NP (QP $ 44.3 million) *U*))))) .)) (TOP (S (ADVP-MNR Separately) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP file (NP a delayed fiscal-year report) (PP-CLR with (NP the Securities and Exchange Commission)) `` (PP-TMP within (NP approximately 45 days))))))) . '')) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ the delay) (VP resulted (PP-CLR from (NP (NP difficulties) (PP-LOC in (S-NOM (NP-SBJ *) (VP resolving (NP (NP its accounting) (PP of (NP (NP a settlement) (PP with (NP the Federal Trade Commission)))))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP an agreement (S *ICH*-1)) (VP filed (NP *) (PP-LOC in (NP federal court)) (PP-TMP in (NP August))) (S-1 (NP-SBJ *) (VP to (VP settle (NP (NP FTC objections) (PP to (NP some Traditional sales practices)))))))) , (NP-SBJ Traditional) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP establish (NP (NP a (ADJP $ 250,000 *U*) trust fund) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP provide (NP refunds) (PP-CLR to (NP certain customers)))))))))))) .)) (TOP (S (NP-SBJ Information International Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP sued (NP *-1) (PP by (NP-LGS (NP a buyer) (PP of (NP its computerized newspaper-publishing system)) , (VP alleging (SBAR that (S (NP-SBJ-2 the company) (VP failed (S (NP-SBJ *-2) (VP to (VP correct (NP (NP deficiencies) (PP-LOC in (NP the system))))))))))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP Information International))) (VP said (SBAR 0 (S (NP-SBJ (NP the lawsuit) (PP by (NP (NP two units) (PP of (NP Morris Communications Corp.))))) (VP seeks (NP (NP (NP restitution) (PP of (NP (NP the system 's) (ADJP (QP about $ 3 million) *U*) purchase price))) and (NP (NP cancellation) (PP of (NP (NP a software license) (VP provided (NP *) (PP by (NP-LGS the Morris units)) (PP-CLR to (NP Information International))))))) (PP-PRP for (NP alleged failure (S (NP-SBJ *) (VP to (VP pay (NP royalties)))))))))) .)) (TOP (S (NP-SBJ Information International) (VP said (SBAR 0 (S (NP-SBJ it) (VP believes (SBAR that (S (NP-SBJ-1 the complaints) , (S-ADV (NP-SBJ *-1) (VP filed (NP *) (PP-LOC in (NP (NP federal court) (PP-LOC in (NP Georgia)))))) , (VP are (PP-PRD without (NP merit))))))))) .)) (TOP (S (NP-SBJ-1 (ADJP Closely held) Morris Communications) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP (NP Augusta) , (NP Ga))))) .)) (TOP (S (NP-SBJ (NP The units) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP filed (NP the suit))))) (VP are (NP-PRD (NP Southeastern Newspapers Corp.) and (NP Florida Publishing Co))) .)) (TOP (S (NP-SBJ Syms Corp.) (VP completed (NP (NP the sale) (PP of (NP (NP its A. Sulka & Co. subsidiary) , (NP (NP a men 's) luxury haberdashery) ,)) (PP to (NP Luxco Investments)))) .)) (TOP (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (SINV (S-TPC-2 (SBAR-TMP As (S (NP-SBJ (NP (NP Syms 's) `` core business) (PP of (NP off-price retailing))) (VP grows))) , (NP-SBJ (NP a small subsidiary) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD operationally unrelated))))) (VP becomes (NP-PRD a difficult distraction))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Marcy Syms) , (NP (NP president) (PP of (NP the parent)))) , (PP-LOC in (NP a statement)) .)) (TOP (S (NP-SBJ A spokeswoman) (VP said (SBAR 0 (S (NP-SBJ Sulka) (VP operates (NP (NP a total) (PP of (NP seven stores))) (UCP (PP-LOC in (NP the U.S.)) and (ADVP-LOC overseas)))))) .)) (TOP (S (NP-SBJ Syms) (VP operates (NP 25 off-price apparel stores) (PP-LOC in (NP the U.S.))) .)) (TOP (S (NP-SBJ (NP The oil industry 's) middling profits) (VP could (VP persist (PP-TMP through (NP (NP the rest) (PP of (NP the year)))))) .)) (TOP (S (NP-SBJ-1 Major oil companies) (PP-TMP in (NP the next few days)) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP report (NP (NP (ADJP much less robust) earnings) (SBAR than (S (NP-SBJ they) (VP did (VP *?* (PP for (NP (NP the third quarter) (ADVP-TMP (NP a year) ago))))))) , (PP (ADVP largely) reflecting (NP deteriorating (NX (NX chemical prices) and (NX gasoline profitability)))))))))) .)) (TOP (S (S (NP-SBJ The gasoline picture) (VP may (VP improve (NP-TMP this quarter)))) , but (S-2 (NP-SBJ-1 chemicals) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP remain (ADJP-PRD weak) (PRN , (S (NP-SBJ industry executives and analysts) (VP say (SBAR 0 (S *T*-2)))) ,) (S-ADV (NP-SBJ *) (VP reducing (NP chances (SBAR that (S (NP-SBJ profits) (VP could (VP equal (NP their year-earlier performance)))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The industry) (VP is `` (VP seeing (NP (NP a softening) (ADVP somewhat) (PP-LOC (PP in (NP volume)) and (ADVP certainly) (PP in (NP price))) (PP-LOC in (NP petrochemicals)))))) , '' (NP-SBJ (NP Glenn Cox) , (NP (NP president) (PP of (NP Phillips Petroleum Co.))) ,) (VP said (SBAR 0 (S *T*-1)) (PP-LOC in (NP an interview))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ That change) (VP will (ADVP obviously) (VP impact (NP (NP third and fourth quarter earnings) '' (PP for (NP (NP the industry) (PP in (ADJP general)))))))) , (NP-SBJ he) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ He) (VP did n't (VP forecast (NP (NP Phillips 's) results))) .)) (TOP (S But (NP-SBJ securities analysts) (VP say (SBAR 0 (S (NP-SBJ Phillips) (VP (VP will (VP be (PP-LOC-PRD among (NP (NP the companies) (ADJP hard-hit (PP by (NP weak chemical prices))))))) and (VP will (ADVP probably) (VP post (NP (NP a drop) (PP-LOC in (NP third-quarter earnings))))))))) .)) (TOP (SINV-2 (ADVP-PRD-TPC-1 So) , (ADVP too) (PRN , (S (NP-SBJ many analysts) (VP predict (SBAR 0 (SINV *T*-2)))) ,) (VP will (VP *?* (ADVP-PRD *T*-1))) (NP-SBJ (NP Exxon Corp.) , (NP Chevron Corp.) and (NP Amoco Corp)) .)) (TOP (SINV (ADJP-PRD-TPC-2 Typical) (VP is (ADJP-PRD *T*-2)) (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happened (PP-CLR to (NP (NP the price) (PP of (NP (NP ethylene) , (NP (NP a major commodity chemical) (VP produced (NP *) (PP in (NP vast amounts)) (PP by (NP-LGS many oil companies))))))))))) .)) (TOP (S (NP-SBJ It) (VP has (VP plunged (NP-EXT 13 %) (PP-TMP since (NP July)) (PP-DIR to (NP (NP (QP around 26) cents) (NP-ADV a pound))))) .)) (TOP (S (ADVP-TMP (NP A year) ago) (NP-SBJ-1 ethylene) (VP sold (PP-CLR for (NP 33 cents)) , (S-ADV (NP-SBJ *-1) (VP peaking (PP-CLR at (NP (QP about 34) cents)) (NP-TMP last December)))) .)) (TOP (S (NP-SBJ (NP A big reason) (PP for (NP the chemical price retreat))) (VP is (NP-PRD overexpansion)) .)) (TOP (S (PP-TMP Beginning (PP in (NP mid-1987))) , (NP-SBJ-1 prices) (VP began (S (NP-SBJ *-1) (VP accelerating)) (SBAR-TMP as (S (NP-SBJ (NP a growing U.S. economy) and (NP the weak dollar)) (VP spurred (NP demand))))) .)) (TOP (S (NP-SBJ Companies) (VP added (NP capacity) (ADVP-MNR furiously)) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ (ADJP greatly increased) supplies) (VP are (PP-LOC-PRD on (NP the market)) , (SBAR-ADV while (S (S (NP-SBJ the dollar) (VP is (ADJP-PRD stronger))) , and (S (NP-SBJ domestic economic growth) (VP is (ADJP-PRD slower)))))) .)) (TOP (S (NP-SBJ (NP Third-quarter profits) (PP from (NP gasoline))) (VP were (ADJP-PRD weaker)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Refining margins) (VP (VP were (ADJP-PRD-2 so good) (PP-TMP-3 in (NP (NP the third quarter) (PP of (NP last year))))) and (VP (ADJP-PRD=2 generally not very good) (NP-TMP=3 this year)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP William Randol) , (NP (NP a securities analyst) (PP-LOC at (NP First Boston Corp)))) .)) (TOP (S (NP-SBJ-2 Oil company refineries) (VP ran (ADVP-MNR flat out) (S-PRP (NP-SBJ *-2) (VP to (VP prepare (PP-CLR for (NP (NP a robust holiday driving season) (PP-TMP in (NP July and August)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP did n't (VP materialize)))))))))) .)) (TOP (S (NP-SBJ The excess supply) (VP pushed (NP gasoline prices) (ADVP-DIR down) (PP-TMP in (NP that period))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ crude oil prices) (VP were (ADVP-PRD up (NP some) (PP from (ADVP-TMP (NP a year) earlier))) , (S-ADV (NP-SBJ *) (VP (ADVP further) pressuring (NP profitability)))) .)) (TOP (S (S (NP-SBJ Refiners) (VP say (SBAR 0 (S (NP-SBJ margins) (VP picked (PRT up) (PP-TMP in (NP September))))))) , and (S (NP-SBJ many industry officials) (VP believe (SBAR 0 (S (NP-SBJ gasoline profits) (VP will (VP rebound (NP-TMP this quarter) , (SBAR-ADV though (FRAG (ADVP still) not (PP-DIR to (NP (NP the level) (PP of (NP (NP 1988 's) fourth quarter)))))))))))) .)) (TOP (S (PP-TMP During (NP the 1988 second half)) , (NP-SBJ many companies) (VP posted (NP record gasoline and chemical profits)) .)) (TOP (S (NP-SBJ-2 Crude oil production) (VP may (VP turn (PRT out) (S-CLR (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP the (ADJP most surprising) element) (PP of (NP (NP (NP companies ') earnings) (NP-TMP this year))))))))) .)) (TOP (S (NP-SBJ-1 Prices) -- (S-ADV (NP-SBJ *-1) (VP averaging (ADVP (ADVP (NP (NP (QP roughly $ 2) *U*) (NP-ADV a barrel)) higher) (PP-TMP in (NP the third quarter)) (PP than (NP a year earlier))))) -- (VP have (VP stayed (PP-LOC-PRD (ADVP well) above (NP (NP most companies ') expectations)))) .)) (TOP (S (S (NP-SBJ Demand) (VP has (VP been (ADJP-PRD (ADJP much stronger) (SBAR than (S (NP-SBJ-1 *) (VP anticipated (NP *-1)))))))) , and (S (NP-SBJ it) (ADVP typically) (VP accelerates (PP-TMP in (NP the fourth quarter)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP could (VP see (NP higher oil prices) (NP-TMP this year)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Bryan Jacoboski) , (NP (NP an analyst) (PP-LOC at (NP PaineWebber Inc)))) .)) (TOP (S (NP-SBJ That) (VP will (VP translate (PP-CLR into (NP (NP (ADJP sharply higher) production profits) , (PP (ADVP particularly) compared (PP with (NP (NP last year) (SBAR (WHADVP-1 when) (S (NP-SBJ oil prices) (VP (ADVP-MNR steadily) fell (PP-DIR to (NP (NP (QP below $ 13) *U*) (NP-ADV a barrel))) (PP-TMP in (NP the fourth quarter)) (ADVP-TMP *T*-1))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ oil prices) (VP have (VP been (ADJP-PRD (ADJP better) (SBAR than (S (NP-SBJ-1 *) (VP expected (NP *-1))))))))) , (NP-SBJ natural gas prices) (VP have (VP been (ADJP-PRD worse))) .)) (TOP (S (PP-TMP In (NP the third quarter)) , (NP-SBJ they) (VP averaged (ADJP (ADJP (NP (QP about 5) %) less) (SBAR than (S (NP-SBJ they) (VP were (VP *?* (PP-TMP in (NP 1988)))))))) .)) (TOP (S (NP-SBJ The main reason) (VP remains (NP-PRD weather)) .)) (TOP (S (NP-SBJ Last summer) (VP was (ADJP-PRD notable (PP for (NP (NP a heat wave and drought) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP caused (S (NP-SBJ-2 utilities) (VP to (VP burn (NP more natural gas) (S-PRP (NP-SBJ *-2) (VP to (VP feed (NP (NP increased electrical demand) (PP from (NP air conditioning use)))))))))))))))) .)) (TOP (S (NP-SBJ This summer) , (PP on (NP the other hand)) , (VP had (NP (NP milder weather) (PP than (ADJP usual)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 've (VP been (ADJP-PRD very disappointed (PP in (NP (NP the performance) (PP of (NP natural gas prices)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Mr. Cox) , (NP (NP Phillips 's) president)) .)) (TOP (S `` (NP-SBJ-1 The lagging gas price) (VP is not (VP going (S (NP-SBJ *-1) (VP to (VP assist (NP fourth quarter performance) (SBAR-ADV as (S (NP-SBJ many) (VP had (VP expected (SBAR 0 (S *?*))))))))))) . '')) (TOP (S (S-ADV (NP-SBJ *-1) (VP Going (PP-DIR into (NP the fourth quarter)))) , (NP-SBJ-1 natural gas prices) (VP are (ADJP-PRD (ADJP (NP (QP anywhere from 8 % to 17 %) *U*) lower) (PP than (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ (NP natural gas) (VP (ADVP-TMP currently) produced (NP *) (PP-LOC along (NP the Gulf Coast)))) (VP is (VP selling (PP-LOC on (NP the spot market)) (PP-CLR for (NP (NP (QP around $ 1.47) *U*) (NP-ADV (QP a thousand) cubic feet))) , (ADVP down (NP 13 %) (PP from (NP (NP $ 1.69 *U*) (NP-ADV (QP a thousand) cubic feet)) (ADVP-TMP (NP a year) ago))))) .)) (TOP (S (NP-SBJ-1 The Bush administration) , (S-ADV (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP blunt (NP (NP growing demands) (PP from (NP Western Europe)) (PP for (NP (NP a relaxation) (PP of (NP (NP controls) (PP-LOC on (NP (NP exports) (PP to (NP the Soviet bloc)))))))))))))) , (VP is (VP questioning (SBAR whether (S (NP-SBJ (NP Italy 's) Ing . C. Olivetti & Co.) (VP supplied (NP (ADJP militarily valuable) technology) (PP-CLR to (NP the Soviets))))))) .)) (TOP (S (NP-SBJ-3 (NP Most) (PP of (NP (NP the Western European members) (PP of (NP (NP (NP Coordinating Committee) (PP on (NP Multilateral Export Controls))) , (NP (NP the unofficial forum) (SBAR (WHPP-2 through (WHNP which)) (S (NP-SBJ (NP the U.S.) and (NP its allies)) (VP align (NP their export-control policies) (PP *T*-2)))))))))) , (VP are (VP expected (S (NP-SBJ *-3) (VP to (VP argue (PP-CLR for (NP (ADJP more liberal) export rules)) (PP-LOC at (NP (NP a meeting) (SBAR (WHNP-4 0) (S (NP-SBJ-1 *T*-4) (VP to (VP be (VP held (NP *-1) (PP-LOC in (NP Paris)) (NP-TMP Oct. 25 and 26))))))))))))) .)) (TOP (S (NP-SBJ-1 They) (VP plan (S (NP-SBJ *-1) (VP to (VP press (PP-CLR (ADVP specifically) for (NP (NP a relaxation) (PP of (NP (NP rules) (VP governing (NP (NP exports) (PP of (NP (NP machine tools) , (NP computers) and (NP other high-technology products))))))))))))) .)) (TOP (S But (NP-SBJ the Bush administration) (VP says (SBAR 0 (S (NP-SBJ-1 it) (VP wants (S (NP-SBJ *-1) (VP to (VP see (NP evidence (SBAR that (S (NP-SBJ all Cocom members) (VP are (VP complying (ADVP-MNR fully) (PP-CLR with (NP existing export-control procedures))))))) (SBAR-TMP before (S (NP-SBJ it) (VP will (VP support (NP further liberalization)))))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-2) (VP To (VP make (NP its point)))) , (NP-SBJ-2 it) (VP is (VP challenging (NP-3 the Italian government) (S (NP-SBJ *-3) (VP to (VP explain (NP reports (SBAR that (S (NP-SBJ Olivetti) (VP may (VP have (VP supplied (NP the Soviet Union) (PP-CLR with (NP (NP sophisticated computer-driven devices) (SBAR (WHNP-1 that) (S (NP-SBJ-4 *T*-1) (VP could (VP be (VP used (NP *-4) (S-CLR (NP-SBJ *) (VP to (VP build (NP (NP parts) (PP for (NP combat aircraft)))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The London Sunday Times) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP first) (VP reported (NP the U.S. concerns)))) ,) (VP cited (NP a U.S. intelligence report) (PP-CLR as (NP (NP the source) (PP of (NP the allegations (SBAR that (S (NP-SBJ Olivetti) (VP exported (NP (NP (QP $ 25 million) *U*) (PP in `` (NP embargoed , state-of-the-art , flexible manufacturing systems))) (PP-DIR to (NP the Soviet aviation industry)))))))))) . '')) (TOP (S (NP-SBJ-1 Olivetti) (ADVP reportedly) (VP began (S (NP-SBJ *-1) (VP shipping (NP these tools))) (PP-TMP in (NP 1984))) .)) (TOP (S (NP-SBJ-1 A State Department spokesman) (VP (VP acknowledged (SBAR that (S (NP-SBJ the U.S.) (VP is (VP discussing (NP the allegations) (PP with (NP (NP the Italian government) and (NP Cocom)))))))) , but (VP declined (S (NP-SBJ *-1) (VP to (VP confirm (NP any details)))))) .)) (TOP (S (NP-SBJ Italian President Francesco Cossiga) (VP promised (NP (NP a quick investigation) (PP into (SBAR whether (S (NP-SBJ Olivetti) (VP broke (NP Cocom rules))))))) .)) (TOP (S (NP-SBJ President Bush) (VP called (NP his attention) (PP-CLR to (NP the matter)) (PP-TMP during (NP (NP (NP the Italian leader 's) visit) (ADVP-LOC here) (NP-TMP last week)))) .)) (TOP (S (NP-SBJ-2 Olivetti) (VP has (VP denied (SBAR that (S (NP-SBJ it) (VP violated (NP Cocom rules)))) , (S-ADV (NP-SBJ *-2) (VP asserting (SBAR that (S (NP-SBJ-1 the reported shipments) (VP were (VP (ADVP-MNR properly) licensed (NP *-1) (PP by (NP-LGS the Italian authorities)))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP the legality) (PP of (NP these sales))) (VP is (ADVP-TMP still) (NP-PRD an open question)))) , (NP-SBJ-2 the disclosure) (VP could n't (VP be (VP (ADVP-MNR better) timed (NP *-2) (S-PRP (NP-SBJ *) (VP to (VP support (NP (NP the position) (PP of (NP (NP export-control hawks) (PP-LOC in (NP (NP the Pentagon) and (NP the intelligence community)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP seems (PP to (NP me)) (SBAR-PRD that (S (NP-SBJ (NP a story) (PP like (NP this))) (VP breaks (PP-TMP (ADVP just) before (NP every important Cocom meeting))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP a Washington lobbyist) (PP for (NP (NP a number) (PP of (NP U.S. computer companies))))) .)) (TOP (S (NP-SBJ The Bush administration) (VP has (VP sent (NP (NP conflicting signals) (PP about (NP its export-control policies))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP unhealed divisions) (PP-LOC among (NP several competing agencies))))))) .)) (TOP (S (NP-TMP Last summer) , (NP-SBJ Mr. Bush) (VP moved (NP the administration) (PP-DIR in (NP (NP the direction) (PP of (NP gradual liberalization)))) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP told (NP a North Atlantic Treaty Organization meeting) (SBAR that (S (NP-SBJ he) (VP would (VP allow (NP (NP some exceptions) (PP to (NP (NP the Cocom embargo) (PP of (NP strategic goods))))))))) (ADVP-TMP *T*-1))))) .)) (TOP (S But (ADVP-TMP more recently) , (NP-SBJ (NP the Pentagon) and (NP the Commerce Department)) (VP (ADVP-MNR openly) feuded (PP over (NP (NP the extent) (SBAR (WHPP-1 to (WHNP which)) (S (NP-SBJ Cocom) (VP should (VP liberalize (NP (NP exports) (PP of (NP personal computers)) (PP to (NP the bloc))) (PP-EXT *T*-1)))))))) .)) (TOP (S (ADVP However) , (NP-SBJ these agencies) (ADVP generally) (VP agree (SBAR that (S (NP-SBJ the West) (VP should (VP be (ADJP-PRD cautious (PP about (NP any further liberalization)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP 's (NP-PRD no evidence (SBAR that (S (NP-SBJ (NP the Soviet program) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP (PRN -LRB- (ADVP-MNR illegally) -RRB-) acquire (NP Western technology)))))) (VP has (VP diminished))))))) , '' (VP said (S *T*-1)) (NP-SBJ a State Department spokesman) .)) (TOP (S (NP-SBJ (NP Salomon Brothers International Ltd.) , (NP (NP a British subsidiary) (PP of (NP Salomon Inc.))) ,) (VP announced (SBAR 0 (S (NP-SBJ it) (VP will (VP issue (NP (NP warrants) (PP on (NP (NP shares) (PP of (NP Hong Kong Telecommunications Ltd)))))))))) .)) (TOP (S (NP-SBJ The move) (VP (ADVP-MNR closely) follows (NP (NP a similar offer) (PP by (NP Salomon)) (PP of (NP (NP warrants) (PP for (NP (NP shares) (PP of (NP Hongkong & Shanghai Banking Corp)))))))) .)) (TOP (S (PP-LOC Under (NP the latest offer)) , (NP-SBJ-1 (NP (QP HK$ 62.5 million) *U*) (PRN -LRB- (NP (QP US$ 8 million) *U*) -RRB-) (PP of (NP three-year warrants))) (VP will (VP be (VP issued (NP *-1) (PP-LOC in (NP London)) , (S-ADV (NP-SBJ each) (VP giving (NP buyers) (NP the right (S (NP-SBJ *) (VP to (VP buy (NP one Hong Kong Telecommunications share) (PP at (NP (NP a price) (SBAR (WHNP-3 0) (S (NP-SBJ-2 *T*-3) (VP to (VP be (VP determined (NP *-2) (NP-TMP Friday))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The (QP 50 million) warrants) (VP (VP will (VP be (VP priced (NP *-1) (PP-CLR at (NP (NP HK$ 1.25 *U*) (NP each)))))) and (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP carry (NP (NP a premium) (PP to (NP the share price)) (PP of (NP (QP about 26) %))))))))) .)) (TOP (S (PP-LOC In (NP (NP trading) (PP-LOC on (NP (NP the Stock Exchange) (PP of (NP Hong Kong)))))) , (NP-SBJ the shares) (VP closed (NP-TMP Wednesday) (PP-CLR at (NP (NP HK$ 4.80 *U*) (NP each)))) .)) (TOP (S (PP At (NP this price)) , (NP-SBJ-1 the shares) (VP would (VP have (S (NP-SBJ *-1) (VP to (VP rise (PP-DIR above (NP HK$ 6.05 *U*)) (SBAR-PRP for (S (NP-SBJ (NP subscribers) (PP to (NP (NP Salomon 's) issue))) (VP to (VP (ADVP-MNR profitably) convert (NP their warrants)))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ Hong Kong companies) (VP have (PP-TMP in (NP the past)) (VP issued (NP (NP warrants) (PP on (NP their own shares))))))) , (NP-SBJ (NP Salomon 's) warrants) (VP are (NP-PRD (NP the first) (ADVP-LOC here) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP issued (NP *-1) (PP by (NP-LGS a third party))))))))) .)) (TOP (S (NP-SBJ-1 Salomon) (VP will `` (VP cover '' (NP the warrants) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP buying (NP (NP sufficient (NX (NX shares) , or (NX (NX options) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP purchase (NP shares) (ADVP *T*-2)))))) ,)) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP cover (NP its entire position))))))))))) .)) (TOP (S (NP-SBJ Bankers) (VP said (SBAR 0 (S (NP-SBJ (NP warrants) (PP for (NP (NP Hong Kong) stocks))) (VP are (ADJP-PRD attractive) (SBAR-PRP because (S (NP-SBJ they) (VP give (NP (NP foreign investors) , (ADJP wary (PP of (NP (NP volatility) (PP-LOC in (NP (NP the colony 's) stock market))))) ,) (NP an opportunity (S (NP-SBJ-1 *) (VP to (VP buy (NP shares) (PP without (S-NOM (NP-SBJ *-1) (VP taking (NP (ADJP too great) a risk))))))))))))))) .)) (TOP (S-3 (NP-SBJ The Hong Kong Telecommunications warrants) (VP should (VP be (ADJP-PRD attractive (PP to (NP (NP buyers) (PP-LOC in (NP Europe))))) (PRN , (S (NP-SBJ the bankers) (VP added (SBAR 0 (S *T*-3)))) ,) (SBAR-PRP because (S (NP-SBJ the group) (VP is (NP-PRD (NP one) (PP of (NP (NP a handful) (PP of (NP (NP blue-chip stocks) (PP-LOC on (NP the Hong Kong market)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP has (NP international appeal)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Financial Corp.) (PP of (NP Santa Barbara))) (VP filed (NP suit) (PP against (NP (NP former stock speculator Ivan F. Boesky) and (NP Drexel Burnham Lambert Inc.))) , (S-ADV (NP-SBJ *-1) (VP charging (SBAR 0 (S (NP-SBJ-2 they) (VP defrauded (NP the thrift) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP concealing (NP their relationship) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ *) (VP persuading (NP-4 it) (S (NP-SBJ *-4) (VP to (VP buy (NP (NP (QP $ 284 million) *U*) (PP in (NP high-yield , high-risk junk bonds)))))) (ADVP-TMP *T*-3))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP a suit) (VP filed (NP *) (PP-LOC in (NP federal court)) (NP-TMP Thursday)))) , (NP-SBJ the S&L) (VP alleged (SBAR that (S (NP-SBJ (NP a `` disproportionate number '') (PP of (NP (NP the bonds) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP purchased (NP *T*-1) (PP-TMP in (NP 1984)))))))) (VP declined (PP-LOC-CLR in (NP value)))))) .)) (TOP (S-1 (NP-SBJ Financial Corp.) (VP purchased (NP the bonds) (PRN , (S (NP-SBJ the suit) (VP alleged (SBAR 0 (S *T*-1)))) ,) (SBAR-TMP after (S (NP-SBJ (NP Mr. Boesky) and (NP Drexel)) (VP negotiated (NP an agreement (SBAR for (S (NP-SBJ Vagabond Hotels) (VP to (VP purchase (NP (NP a (ADJP 51 %) stake) (PP-LOC in (NP the thrift))) (PP-CLR for (NP (QP about $ 34 million) *U*))))))))))) .)) (TOP (S (NP-SBJ-2 Vagabond Hotels) (VP was (VP controlled (NP *-2) (PP by (NP-LGS (NP Mr. Boesky) , (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (ADVP-TMP currently) (VP is (VP serving (NP a prison term) (PP-PRP for (NP securities violations)))))))))) .)) (TOP (S (NP-SBJ (NP Officials) (PP-LOC at (NP Drexel))) (VP said (SBAR 0 (S (NP-SBJ they) (VP (VP had n't (VP seen (NP the suit))) and (ADVP thus) (VP could n't (VP comment)))))) .)) (TOP (S (PP In (NP (NP addition) (PP to (NP (ADJP (QP $ 33 million) *U*) compensatory damages)))) , (NP-SBJ the suit) (VP seeks (NP (NP (QP $ 100 million) *U*) (PP in (NP punitive damages)))) .)) (TOP (SINV (ADVP Also) (VP-TPC-2 named (NP *-1) (PP-LOC in (NP the suit))) (VP is (VP *T*-2)) (NP-SBJ-1 (NP Ivan F. Boesky Corp.) and (NP (NP Northview Corp.) , (NP (NP the successor company) (PP to (NP Vagabonds Hotels))))) .)) (TOP (S (NP-SBJ-1 Northview officials) (VP could n't (VP be (VP located (NP *-1)))) .)) (TOP (S (NP-SBJ Financial Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP the bonds)))) (SBAR-TMP after (S (NP-SBJ (NP a representative) (PP of (NP Ivan F. Boesky Corp.))) (VP (VP visited (NP it) (PP-TMP in (NP November 1983))) and (VP said (SBAR 0 (S (NP-SBJ-2 Financial Corp.) (VP could (VP improve (NP its financial condition) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP purchasing (NP the bonds)))))))))))))))) .)) (TOP (S (PP-TMP (ADVP Shortly) before (NP the visit)) , (NP-SBJ (NP Mr. Boesky) and (NP Drexel representives)) (VP (VP had (VP met (PP-CLR with (NP Financial Corp. officials)))) and (VP had (VP signed (NP (NP a letter) (PP of (NP intent (S (NP-SBJ *) (VP to (VP acquire (NP (NP the (ADJP 51 %) stake) (PP-LOC in (NP the company)))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ-1 the agreement) (VP was (VP canceled (NP *-1) (PP-TMP in (NP June 1984)))) .)) (TOP (S (S-TPC-1 (NP-SBJ Financial Corp.) (VP (VP purchased (NP the bonds) (PP-LOC in (NP (QP at least 70) different transactions)) (PP-TMP in (NP 1984))) and (VP (PP-TMP since (NP then)) has (VP realized (NP (NP (QP $ 11 million) *U*) (PP in (NP losses))) (PP on (NP them)))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Ideal Basic Industries Inc.) (VP said (SBAR 0 (S (NP-SBJ its directors) (VP reached (NP (NP an agreement) (PP in (NP principle)) (VP calling (SBAR for (S (NP-SBJ HOFI North America Inc.) (VP to (VP combine (NP its (ADJP North American) cement holdings) (PP-CLR with (NP Ideal)) (PP-LOC in (NP (NP a transaction) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP leave (NP (NP Ideal 's) minority shareholders) (PP-CLR with (NP (NP 12.8 %) (PP of (NP the combined company)))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP HOFI) , (NP (NP the (ADJP North American) holding company) (PP of (NP Swiss concern Holderbank Financiere Glaris Ltd.))) ,) (ADVP-TMP previously) (VP proposed (S (NP-SBJ *) (VP combining (NP (NP (NP its (ADJP 100 %) stake) (PP-LOC in (NP St. Lawrence Cement Inc.))) and (NP (NP its (ADJP 60 %) stake) (PP-LOC in (NP Dundee Cement Co.)))) (PP-CLR with (NP (NP its (ADJP 67 %) stake) (PP-LOC in (NP Ideal))))))) .)) (TOP (S But (NP-SBJ (NP HOFI 's) first offer) (VP would (VP have (VP given (NP (NP Ideal 's) other shareholders) (NP (NP (QP about 10) %) (PP of (NP the combined company)))))) .)) (TOP (S (NP-SBJ (NP Ideal 's) directors) (VP rejected (NP that offer) , (SBAR-ADV although (S (NP-SBJ they) (VP said (SBAR 0 (S (NP-SBJ they) (VP endorsed (NP the merger proposal)))))))) .)) (TOP (S (PP-LOC Under (NP the agreement)) , (NP-SBJ HOFI) (VP will (VP own (NP (NP 87.2 %) (PP of (NP the combined company))))) .)) (TOP (S (NP-SBJ (NP Ideal 's) current operations) (VP will (VP represent (NP (NP (QP about 39.2) %) (PP of (NP the combined company))))) .)) (TOP (S (NP-SBJ The transaction) (VP is (ADJP-PRD subject (PP to (NP (NP a definitive agreement and approval) (PP by (NP Ideal shareholders)))))) .)) (TOP (S (NP-SBJ Ideal) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP complete (NP the transaction) (NP-TMP early next year)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ corn and soybean prices) (VP have (VP slumped (PP-DIR (ADVP well) below (NP (NP their drought-induced peaks) (PP of (NP 1988)))))))) , (NP-SBJ wheat prices) (VP remain (ADJP-PRD stubbornly high)) .)) (TOP (S (S-TPC-3 And (NP-SBJ-1 they) (VP 're (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP stay (NP-PRD that way) (PP-TMP for (NP (NP months) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP come)))))))))))) , (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-3))) .)) (TOP (S (S-TPC-1 (PP For (NP one thing)) , (SBAR-ADV (ADVP even) with (S (NP-SBJ many farmers) (VP planting (NP (NP more winter wheat) (PP *ICH*-2)) (NP-TMP this year) (PP-2 than (NP last))))) , (NP-SBJ-3 tight wheat supplies) (VP are (ADJP-PRD likely (S (NP-SBJ *-3) (VP to (VP support (NP prices) (PP-TMP (ADVP well) into (NP 1990)))))))) , (NP-SBJ the analysts) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S And (SBAR-ADV if (S (NP-SBJ rain) (VP does n't (VP fall (ADVP-TMP soon) (PP-LOC across (NP (NP many) (PP of (NP (NP the Great Plains ') wheat-growing areas)))))))) , (NP-SBJ-1 (NP yields) (PP-LOC in (NP (NP the crop) (VP (ADVP-TMP now) being (VP planted (NP *)))))) (VP could (VP be (VP reduced (NP *-1) , (S-ADV (NP-SBJ *) (VP (ADVP further) squeezing (NP supplies)))))) .)) (TOP (SINV (ADVP Also) (VP-TPC-1 supporting (NP prices)) (VP are (VP *T*-1)) (NP-SBJ expectations (SBAR that (S (NP-SBJ the Soviet Union) (VP will (VP place (NP substantial buying orders) (PP-TMP over (NP the next few months))))))) .)) (TOP (S (PP-TMP By (NP next May 31)) , (NP-SBJ-3 (NP stocks) (PP of (NP U.S. wheat)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP be (VP carried (PRT over) (PP-DIR into (NP the next season)) (PRN -- (SBAR-TMP before (S (NP-SBJ-1 (NP the winter wheat) (VP (ADVP-TMP now) being (VP planted (NP *)))) (VP is (VP harvested (NP *-1))))) --))))))) (VP are (VP projected (S (NP-SBJ *-3) (VP to (VP drop (PP-DIR to (NP (QP 443 million) bushels))))))) .)) (TOP (S (NP-SBJ That) (VP would (VP be (NP-PRD (NP the lowest level) (PP-TMP since (NP the early 1970s))))) .)) (TOP (S (NP-SBJ Stocks) (VP were (NP-PRD (QP 698 million) bushels) (PP-TMP on (NP (NP May 31) (PP of (NP this year))))) .)) (TOP (S (PP In (NP (NP response) (PP to (NP dwindling domestic supplies)))) , (NP-SBJ Agriculture Secretary Clayton Yeutter) (NP-TMP last month) (VP said (SBAR 0 (S (NP-SBJ the U.S. government) (VP would (VP (ADVP-MNR slightly) increase (NP (NP the number) (PP of (NP acres)) (SBAR (WHNP-1 0) (S (NP-SBJ farmers) (VP can (VP (VP plant (NP *T*-1) (PP in (NP wheat)) (PP for (NP next year))) and (VP (ADVP still) qualify (PP-CLR for (NP federal support payments))))))))))))) .)) (TOP (S (NP-SBJ The government) (VP estimates (SBAR that (S (NP-SBJ the new plan) (VP will (VP boost (NP (NP production) (NP-TMP next year)) (PP-EXT by (NP (QP about 66 million) bushels))))))) .)) (TOP (S (NP-SBJ It) (ADVP-TMP now) (VP estimates (NP (NP production) (PP for (NP next year))) (PP-CLR at (NP (NP (QP just under 2.6 billion) bushels) , (PP compared (PP with (NP (NP (NP this year 's) estimated (QP 2.04 billion)) and (NP (NP a drought-stunted (QP 1.81 billion)) (PP-TMP in (NP 1988))))))))) .)) (TOP (S But (NP-SBJ-1 (NP the full effect) (PP on (NP (NP prices) (PP of (NP (NP the winter wheat) (VP (ADVP-TMP now) being (VP planted (NP *)))))))) (VP wo n't (VP be (VP felt (NP *-1) (PP-TMP until (NP (NP the second half) (PP of (NP next year))))))) .)) (TOP (S (S-TPC-2 (PP-TMP Until (NP then)) , (NP-SBJ-1 limited stocks) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP keep (NP prices) (PP-CLR near (NP the (ADJP $ 4-a-bushel *U*) level)))))))) , (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-LOC On (NP (NP the Chicago Board) (PP of (NP Trade)))) (NP-TMP Friday) , (NP-SBJ (NP wheat) (PP for (NP December delivery))) (VP settled (PP-CLR at (NP (NP (NP $ 4.0675 *U*) (NP-ADV a bushel)) , (ADJP unchanged)))) .)) (TOP (SINV (S-TPC-1 (PP In (NP theory) (ADVP at least)) , (NP-SBJ (NP tight supplies) (NP-TMP next spring)) (VP could (VP leave (S (NP-SBJ the wheat futures market) (ADJP-PRD susceptible (PP to (NP a supply-demand squeeze))))))) , (VP said (S *T*-1)) (NP-SBJ (NP Daniel Basse) , (NP (NP a futures analyst) (PP with (NP (NP AgResource Co.) (PP-LOC in (NP Chicago)))))) .)) (TOP (S (NP-SBJ Such a situation) (VP can (VP wreak (NP havoc) , (SBAR-ADV as (S (NP-SBJ-1 *) (VP was (VP shown (NP *-1) (PP by (NP-LGS (NP the emergency) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP developed (PP-LOC in (NP soybean futures trading)) (NP-TMP this summer) (PP-LOC on (NP (NP the Chicago Board) (PP of (NP Trade))))))))))))))) .)) (TOP (S (PP-TMP In (NP July)) , (NP-SBJ the CBOT) (VP ordered (NP-1 Ferruzzi Finanziaria S.p . A.) (S (NP-SBJ *-1) (VP to (VP liquidate (NP (NP futures positions) (ADJP equal (PP to (NP (NP (QP about 23 million) bushels) (PP of (NP soybeans)))))))))) .)) (TOP (S (NP-SBJ The exchange) (VP said (SBAR 0 (S (NP-SBJ it) (VP feared (SBAR that (S (NP-SBJ-2 some members) (VP (VP would n't (VP be (ADJP-PRD able (S (NP-SBJ *-2) (VP to (VP find (NP enough soybeans (S (NP-SBJ *) (VP to (VP deliver)))))))))) and (VP would (VP have (S (NP-SBJ *-2) (VP to (VP default (PP on (NP (NP their contractual obligation) (PP to (NP (NP the Italian conglomerate) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (VP refused (NP requests (S (NP-SBJ *) (VP to (VP reduce (NP its holdings))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ Ferruzzi) (VP has (VP denied (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP trying (S (NP-SBJ *-1) (VP to (VP manipulate (NP the soybean futures market)))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 (NP (ADJP Unseasonably hot , dry) weather) (PP-LOC (PP across (NP (NP large portions) (PP of (NP the Great Plains)))) and (PP in (NP (NP wheat-growing areas) (PP-LOC in (NP Washington and Oregon)))))) (VP is (VP threatening (S (NP-SBJ *-1) (VP to (VP reduce (NP (NP the yield) (PP from (NP (NP this season 's) winter wheat crop))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Conrad Leslie) , (NP (NP a futures analyst) and (NP (NP head) (PP of (NP (NP Leslie Analytical) (PP-LOC in (NP Chicago))))))) .)) (TOP (S (PP For (NP example)) , (PP-LOC in (NP the Oklahoma panhandle)) , (NP-SBJ (NP 40 % (QP or more)) (PP of (NP the topsoil))) (VP is (ADJP-PRD short (PP of (NP moisture)))) .)) (TOP (S (S-TPC-1 (NP-SBJ That figure) (VP climbs (PP-DIR to (NP (NP (QP about 47) %) (PP-LOC in (NP (NP wheat-growing portions) (PP of (NP Kansas)))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S (NP-SBJ The Soviet Union) (VP has n't (VP given (NP (NP any clear indication) (PP of (NP its wheat purchase plans)))))) , but (S (NP-SBJ many analysts) (VP expect (S (NP-SBJ Moscow) (VP to (VP place (NP (NP sizable orders) (PP for (NP U.S. wheat))) (PP-TMP in (NP the next few months)) , (S-ADV (NP-SBJ *) (VP (ADVP further) supporting (NP prices)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Wheat prices) (VP will (ADVP increasingly) (VP pivot (PP-CLR off (PP of (NP Soviet demand))) '' (PP-TMP in (NP coming weeks))))) , (VP predicted (SBAR 0 (S *T*-1))) (NP-SBJ (NP Richard Feltes) , (NP (NP vice president) , (NP research) , (PP for (NP (NP Refco Inc.) (PP-LOC in (NP Chicago)))))) .)) (TOP (S (NP-SBJ *) (VP Looking (ADVP-DIR ahead (PP to (NP (NP other commodity markets) (NP-TMP this week))))) :)) (TOP (S (NP-SBJ-2 Orange Juice Traders) (VP will (VP be (VP watching (S-PRP (NP-SBJ *-2) (VP to (VP see (SBAR (WHADVP-3 (WHADVP how long) and (WHADVP how far)) (S (NP-SBJ (NP the price decline) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP began (NP-TMP Friday))))) (VP will (VP go (ADVP *T*-3))))))))))) .)) (TOP (S (ADVP-TMP Late) (NP-TMP Thursday) , (PP-TMP after (NP (NP the close) (PP of (NP trading)))) , (NP-SBJ the market) (VP received (SBAR-NOM (WHNP-91 what) (S (NP-SBJ *T*-91) (VP would (ADVP normally) (VP have (VP been (NP-PRD (NP a bullish (NAC U.S. Department (PP of (NP Agriculture))) estimate) (PP of (NP the 1989-90 Florida orange crop))))))))) .)) (TOP (S (NP-SBJ It) (VP was (PP-LOC-PRD (PP near (NP (NP the low range) (PP of (NP estimates)))) , (PP at (NP (NP (QP 130 million) 90-pound boxes) , (PP compared (PP with (NP (NP (QP 146.6 million) boxes) (NP-TMP last season)))))))) .)) (TOP (S (ADVP However) , (SBAR-ADV as (S (NP-SBJ-1 *) (VP expected (NP *-1)))) , (NP-SBJ Brazil) (VP (VP waited (SBAR-CLR for (S (NP-SBJ the crop estimate) (VP to (VP come (ADVP-CLR out)))))) and then (VP cut (NP (NP the export price) (PP of (NP its juice concentrate))) (PP-CLR to (NP (NP (QP about $ 1.34) *U*) (NP-ADV a pound))) (PP-CLR from (NP (QP around $ 1.55) *U*)))) .)) (TOP (S (NP-SBJ (NP (NP Friday 's) consequent selling) (PP of (NP futures contracts))) (VP (VP erased (SBAR-NOM (WHNP-1 whatever supportive effect) (S (NP-SBJ the U.S. report) (VP might (VP have (VP had (NP *T*-1))))))) and (VP sent (NP the November orange juice contract) (ADVP-DIR down (NP (NP (QP as much as 6.55) cents) (NP-ADV a pound))) (PP-TMP at (NP one time)))) .)) (TOP (S (NP-SBJ It) (VP settled (PP with (NP (NP a loss) (PP of (NP 4.95 cents)))) (PP-CLR at (NP (NP $ 1.3210 *U*) (NP-ADV a pound)))) .)) (TOP (S (NP-SBJ-1 Brazilian juice) , (PP-TMP after (NP (NP a delay) (VP caused (NP *) (PP by (NP-LGS (NP drought) (PP-TMP at (NP (NP the start) (PP of (NP its crop season))))))))) , (VP is (VP beginning (S (NP-SBJ *-1) (VP to (VP arrive (PP-DIR-CLR in (NP the U.S.)) (PP in (NP large quantities))))))) .)) (TOP (S (NP-SBJ-2 Brazil) (VP wants (S (NP-SBJ *-2) (VP to (VP stimulate (NP (NP demand) (PP for (NP (NP its product) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP is (VP going (S (NP-SBJ *-3) (VP to (VP be (PP-PRD in (NP plentiful supply)))))))))))))))) .)) (TOP (S-2 (NP-SBJ-3 The price cut) (PRN , (S (NP-SBJ one analyst) (VP said (SBAR 0 (S *T*-2)))) ,) (VP appeared (S (NP-SBJ-1 *-3) (VP to (VP be (VP aimed (NP *-1) (ADVP even more) (PP-CLR at (NP (NP Europe) , (SBAR (WHADVP-4 where) (S (NP-SBJ (NP consumption) (PP of (NP Brazilian juice))) (VP has (VP fallen (ADVP-LOC *T*-4)))))))))))) .)) (TOP (S (S-TPC-1 (S (NP-SBJ It) (VP 's (NP-PRD a dollar-priced product))) , and (S (NP-SBJ the strong dollar) (VP has (VP made (S (NP-SBJ it) (ADJP-PRD more expensive) (PP-LOC in (NP Europe))))))) , (NP-SBJ the analyst) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ New York futures prices) (VP have (VP dropped (ADVP-MNR significantly) (PP-DIR from (NP (NP (NP (QP more than $ 2) *U*) (NP-ADV a pound)) (PP-TMP at (NP midyear)))))) .)) (TOP (S (S-TPC-2 (PP Barring (NP (NP (NP a cold snap) or (NP other crop problems)) (PP-LOC in (NP the growing areas)))) , (NP-SBJ-1 (NP downward pressure) (PP-LOC on (NP prices))) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP continue (PP-DIR into (NP (NP January) , (SBAR (WHADVP-3 when) (S (NP-SBJ (NP harvesting and processing) (PP of (NP oranges)) (PP-LOC in (NP Florida))) (VP reach (NP their peak) (ADVP-TMP *T*-3)))))))))))) , (NP-SBJ the analyst) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (NP-HLN Energy)) (TOP (S (SBAR-ADV Although (S (NP-SBJ some analysts) (VP look (PP-CLR for (NP profit-taking)) (PP-LOC in (NP (NP the wake) (PP of (NP (NP (NP Friday 's) leap) (PP-LOC in (NP crude oil prices))))))))) , (NP-SBJ-1 (NP last week 's) rally) (VP is (ADVP generally) (VP expected (S (NP-SBJ *-1) (VP to (VP continue (NP-TMP this week)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 I) (VP would (VP continue (S (NP-SBJ *-1) (VP to (VP look (PP-CLR for (NP a stable crude market)) , (PP-LOC (ADVP at least) in (NP futures '' trading)))))))) , (VP said (S *T*-2)) (NP-SBJ (NP William Hinton) , (NP (NP an energy futures broker) (PP with (NP Stotler & Co)))) .)) (TOP (S (NP-SBJ Friday) (VP capped (NP (NP a week) (PP of (NP (NP (ADJP steadily rising) crude oil prices) (PP-LOC in (NP both futures and spot markets)))))) .)) (TOP (S (PP-LOC On (NP the New York Mercantile Exchange)) , (NP-SBJ (NP West Texas Intermediate crude) (PP for (NP November delivery))) (VP finished (PP-CLR at (NP (NP $ 20.89 *U*) (NP-ADV a barrel))) , (ADVP up (NP 42 cents) (PP-TMP on (NP the day)))) .)) (TOP (S (PP-LOC On (NP European markets)) , (ADVP-TMP meanwhile) , (NP-SBJ (NP spot prices) (PP of (NP North Sea crudes))) (VP were (ADVP-PRD up (NP 35) (PP to (NP (NP 75 cents) (NP-ADV a barrel))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 This market) (ADVP-TMP still) (VP wants (S (NP-SBJ *-2) (VP to (VP go (ADVP-DIR higher)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Nauman Barakat) , (NP (NP a first vice president) (PP-LOC at (NP Shearson Lehman Hutton Inc)))) .)) (TOP (S (NP-SBJ He) (VP predicted (SBAR that (S (NP-SBJ the November contract) (VP will (VP reach (NP (NP $ 21.50 *U* (QP *ICH*-1)) (NP-ADV a barrel) (QP-1 or more)) (PP-LOC on (NP the New York Mercantile Exchange))))))) .)) (TOP (S (NP-SBJ There) (VP has (VP been (NP-PRD (NP little news) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP account (PP-CLR for (NP (NP such buoyancy) (PP-LOC in (NP the oil markets))))))))))) .)) (TOP (S (NP-SBJ Analysts) (ADVP generally) (VP cite (NP (NP (NP a lack) (PP of (NP bearish developments))) as well as (NP (NP rumors) (PP of (NP (NP a possible tightening) (PP of (NP (NP supplies) (PP of (NP some fuels and crudes))))))))) .)) (TOP (S (NP-SBJ There) (ADVP also) (VP are (NP-PRD recurring reports (SBAR (SBAR that (S (NP-SBJ the Soviet Union) (VP is (VP having (NP difficulties) (PP with (NP its oil exports)))))) and (SBAR that (S (NP-SBJ Nigeria) (VP (VP has (VP (ADVP about) reached (NP its production limit))) and (VP ca n't (VP produce (NP (NP as much) (SBAR as (S (NP-SBJ it) (VP could (VP sell (NP *?*)))))))))))))) .)) (TOP (S (NP-SBJ Many traders) (VP foresee (NP (NP a tightening) (PP (PP of (NP near-term supplies)) , (PP (ADVP particularly) of (NP (NP high-quality crudes) (PP such as (NP (NP those) (VP produced (NP *) (PP-LOC (PP in (NP the North Sea)) and (PP in (NP Nigeria))))))))))) .)) (TOP (S (S-TPC-2 (SBAR-ADV If (S (NP-SBJ (NP a hostile predator) (PP *ICH*-1)) (VP emerges (PP-1 for (NP Saatchi & Saatchi Co.))))) , (NP-SBJ co-founders Charles and Maurice Saatchi) (VP will (VP lead (NP a management buy-out attempt)))) , (NP-SBJ (NP an official) (ADJP close (PP to (NP the company)))) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Financing) (PP for (NP any takeover attempt))) (VP may (VP be (ADJP-PRD problematic) (PP-LOC in (NP (NP the wake) (PP of (NP (NP (NP (NP Friday 's) stock-market sell-off) (PP-LOC in (NP New York))) and (NP (NP turmoil) (PP-LOC in (NP the junk-bond market))))))))) .)) (TOP (S But (NP-SBJ (NP the beleaguered British advertising and consulting giant) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (NP-TMP last week) (VP named (NP (NP a new chief executive officer) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP replace (NP Maurice Saatchi))))))))) ,) (VP has (VP been (NP-PRD (NP the subject) (PP of (NP intense takeover speculation))) (PP-TMP for (NP weeks)))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ (NP (NP Saatchi 's) largest shareholder) , (NP Southeastern Asset Management) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP had (VP been (VP approached (NP *-1) (PP by (NP-LGS (NP (QP one or more) third parties) (ADJP interested (PP in (NP a possible restructuring))))))))))) .)) (TOP (S And (NP-SBJ (NP Carl Spielvogel) , (NP (NP chief executive officer) (PP of (NP (NP Saatchi 's) big Backer Spielvogel Bates advertising unit))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP (VP had (VP offered (S (NP-SBJ *-1) (VP to (VP lead (NP (NP a management buy-out) (PP of (NP the company)))))))) , but (VP was (VP rebuffed (NP *-1) (PP by (NP-LGS Charles Saatchi)))))))) .)) (TOP (S (NP-SBJ Mr. Spielvogel) (VP said (SBAR 0 (S (NP-SBJ he) (VP would n't (VP launch (NP a hostile bid)))))) .)) (TOP (S (NP-SBJ (NP The executive) (ADJP close (PP to (NP Saatchi & Saatchi)))) (VP said (SBAR that `` (S (SBAR-ADV if (S (NP-SBJ a bidder) (VP came (PRT up) (PP-CLR with (NP (NP a (ADJP ludicrously high) offer) , (NP (NP a crazy offer) (SBAR (WHNP-1 which) (S (NP-SBJ Saatchi) (VP knew (SBAR 0 (S (NP-SBJ it) (VP could n't (VP beat (NP *T*-1)))))))))))))) , (NP-SBJ it) (VP would (VP have (NP (NP no choice) (SBAR but (S (NP-SBJ *) (VP to (VP recommend (NP it) (PP-CLR to (NP shareholders)))))))))))) .)) (TOP (S But (PRN -LCB- (ADVP otherwise) -RCB-) (NP-SBJ it) (VP would (ADVP undoubtedly) (VP come (ADVP-CLR back) '' (PP-CLR with (NP (NP an offer) (PP by (NP management)))))) .)) (TOP (S (NP-SBJ The executive) (VP said (SBAR 0 (S (NP-SBJ-1 any buy-out) (VP would (VP be (VP led (NP *-1) (PP by (NP-LGS (NP the current board) , (SBAR (SBAR (WHNP-2 whose chairman) (S (NP-SBJ *T*-2) (VP is (NP-PRD Maurice Saatchi)))) and (SBAR (WHNP-3 whose strategic guiding force) (S (NP-SBJ-4 *T*-3) (VP is (VP believed (S (NP-SBJ *-4) (VP to (VP be (NP-PRD Charles Saatchi))))))))))))))))) .)) (TOP (S (S (NP-SBJ-2 Mr. Spielvogel) (VP is n't (NP-PRD-1 (NP part) (PP of (NP the board))))) , nor (SINV (VP are (NP-PRD=1 *?*)) (NP-SBJ=2 (NP any) (PP of (NP (NP the other heads) (PP of (NP (NP Saatchi 's) big U.S.-based ad agencies)))))) .)) (TOP (S (S (NP-SBJ The executive) (VP did n't (VP name (NP any price)))) , but (S (NP-SBJ securities analysts) (VP have (VP said (SBAR 0 (S (NP-SBJ Saatchi) (VP would (VP fetch (NP (QP upward of $ 1.3 billion) *U*)))))))) .)) (TOP (S (NP-SBJ The executive) (VP denied (NP speculation (SBAR that (S (NP-SBJ-1 Saatchi) (VP was (VP bringing (ADVP-CLR in) (NP the new chief executive officer) (S-PRP (NP-SBJ *-1) (ADVP only) (VP to (VP clean (PRT up) (NP the company) (ADVP-MNR financially) (SBAR-PRP so that (S (NP-SBJ the brothers) (VP could (VP lead (NP a buy-back)))))))))))))) .)) (TOP (S (NP-SBJ That speculation) (VP abounded (NP-TMP Friday) (SBAR-TMP as (S (NP-SBJ industry executives) (VP analyzed (NP (NP the appointment) (PP of (NP (NP the new chief executive) , (NP Robert Louis-Dreyfus) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP joins (NP Saatchi)) and (VP becomes (NP-PRD (NP a member) (PP of (NP its board)))) (PP-TMP on (NP Jan. 1)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Louis-Dreyfus) , (NP (NP formerly chief executive) (PP of (NP the pharmaceutical research firm IMS International Inc.))) ,) (VP (VP has (NP (NP a reputation) (PP as (NP a savvy financial manager)))) , and (VP will (VP be (VP charged (NP-2 *-1) (PP-CLR (ADVP largely) with (S-NOM (NP-SBJ *-2) (VP repairing (NP (NP Saatchi 's) poor financial state)))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-3) (VP Asked (NP *-1) (PP-CLR about (NP the speculation (SBAR that (S (NP-SBJ-2 Mr. Louis-Dreyfus) (VP has (VP been (VP hired (NP *-2) (S-PRP (NP-SBJ *) (VP to (VP pave (NP the way) (PP-PRP for (NP (NP a buy-out) (PP by (NP the brothers)))))))))))))))) , (NP-SBJ-3 the executive) (VP replied , `` (SBAR (S (NP-SBJ That) (VP is n't (NP-PRD (NP the reason) (SBAR (WHADVP-4 0) (S (NP-SBJ-5 Dreyfus) (VP has (VP been (VP brought (NP *-5) (ADVP-CLR in) (ADVP-PRP *T*-4))))))))))) .)) (TOP (S (NP-SBJ-1 He) (VP was (VP brought (NP-2 *-1) (ADVP-CLR in) (S-PRP (NP-SBJ *-2) (VP to (VP turn (ADVP-CLR around) (NP the company)))))) . '')) (TOP (S (ADVP Separately) , (NP-SBJ several Saatchi agency clients) (VP said (SBAR 0 (S (NP-SBJ they) (VP believe (SBAR 0 (S (NP-SBJ (NP the company 's) management shakeup) (VP will (VP have (NP (NP little affect) (PP on (NP them))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ It) (VP has n't (VP had (NP (NP any impact) (PP on (NP us)))))) , nor (SINV do (NP-SBJ we) (VP expect (S (NP-SBJ it) (VP to (VP *?*)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP a spokeswoman) (PP for (NP (NP Miller Brewing Co.) , (NP (NP a major client) (PP of (NP Backer Spielvogel)))))) .)) (TOP (S (NP-SBJ (NP John Lampe) , (NP (NP director) (PP of (NP advertising)) (PP-LOC at (NP (NP PaineWebber Inc.) , (NP a Saatchi & Saatchi Advertising client)))) ,) (VP said : (SBAR 0 `` (S (NP-SBJ We) (VP have (NP (NP no problem) (PP with (NP the announcement))) , (SBAR-PRP because (S (NP-SBJ we) (VP do n't (VP know (SBAR (WHNP-2 what change) (S (NP-SBJ-1 it) (VP 's (VP going (S (NP-SBJ *-1) (VP to (VP bring (NP *T*-2) (PRT about)))))))))))))))) .)) (TOP (S (NP-SBJ-1 We) (VP are n't (VP going (S (NP-SBJ *-1) (VP to (VP change (NP agencies) (PP-PRP because of (NP (NP a change) (PP-LOC in (NP London))))))))) . '')) (TOP (S (NP-SBJ (NP Executives) (PP-LOC (PP at (NP Backer Spielvogel client Avis Inc.)) , (CONJP as well as) (PP at (NP Saatchi client Philips Lighting Co.)) ,)) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ they) (VP saw (NP no effect))))) .)) (TOP (S (NP-SBJ (NP Executives) (PP-LOC at (NP (NP Prudential-Bache Securities Inc.) , (NP (NP a Backer Spielvogel client) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (VP reviewing (NP its account)))))) ,))) (VP declined (NP comment)) .)) (TOP (S (NP-SBJ Mr. Spielvogel) (VP had (VP said (SBAR that (S (NP-SBJ-1 Prudential-Bache) (VP was (ADJP-PRD prepared (S (NP-SBJ *-1) (VP to (VP finance (NP (NP either (NP a management buy-out and restructuring) , or (NP (NP a buy-out) (PP of (NP (NP Backer Spielvogel) (ADVP alone))) , (VP led (NP *) (PP by (NP-LGS him))))))))))))))) .)) (TOP (NP-HLN Ad Notes ... .)) (TOP (NP-HLN NEW ACCOUNT :)) (TOP (S (NP-SBJ (NP California 's) Glendale Federal Bank) (VP awarded (NP its (ADJP (QP $ 12 million to $ 15 million) *U*) account) (PP-DTV to (NP (NP the Los Angeles office) (PP of (NP (NP Omnicom Group 's) BBDO agency))))) .)) (TOP (S (NP-SBJ-1 The account) (VP was (ADVP-TMP previously) (VP handled (NP *-1) (PP by (NP-LGS (NP Davis , Ball & Colombatto Advertising Inc.) , (NP a Los Angeles agency))))) .)) (TOP (NP-HLN ACCOUNT REVIEW :)) (TOP (S (NP-SBJ Royal Crown Cola Co.) (VP has (VP ended (NP (NP its relationship) (PP with (NP (NP the Boston office) (PP of (NP Hill , Holliday , Connors , Cosmopulos))))))) .)) (TOP (S (NP-SBJ The account) (VP had (VP billed (NP (QP about $ 6 million) *U*) (PP-TMP in (NP 1988)) , (PP according (PP to (NP Leading National Advertisers))))) .)) (TOP (NP-HLN NOT-GUILTY PLEA :)) (TOP (S (SBAR-ADV As (S (NP-SBJ-2 *) (VP expected (NP *-2)))) , (NP-SBJ (NP Young & Rubicam Inc.) (ADVP along (PP with (NP (NP two senior executives) and (NP a former employee))))) , (VP pleaded (ADJP-PRD not guilty (PP *ICH*-1)) (PP-LOC in (NP federal court)) (PP-LOC in (NP (NP New Haven) , (NP Conn.) ,)) (PP-1 to (NP conspiracy and racketeering charges))) .)) (TOP (S (NP-SBJ The government) (VP has (VP charged (SBAR that (S (NP-SBJ-1 they) (VP bribed (NP Jamaican officials) (S-PRP (NP-SBJ *-1) (VP to (VP win (NP the Jamaica Tourist Board ad account)))) (PP-TMP in (NP 1981))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP (NP the U.S. Attorney 's) office))) (VP said (SBAR 0 (S (NP-SBJ extradition proceedings) (VP are `` (VP (ADVP just) beginning '' (PP for (NP (NP (NP the other two defendants) (PP-LOC in (NP the case))) , (NP (NP (NP Eric Anthony Abrahams) , (NP former Jamaican tourism minister)) , and (NP Jamaican businessman Arnold Foote Jr))))))))) .)) (TOP (NP-HLN KOREAN AGENCY :)) (TOP (S (NP-SBJ-1 (NP The Samsung Group) and (NP Bozell Inc.)) (VP agreed (S (NP-SBJ *-1) (VP to (VP establish (NP a joint venture advertising agency) (PP-LOC in (NP South Korea)))))) .)) (TOP (S (NP-SBJ-2 (NP Bozell Cheil Corp.) , (SBAR-ADV as (S (NP-SBJ-1 the new agency) (VP will (VP be (VP called (S (NP-SBJ *-1) (NP-PRD *?*)))))))) , (VP (VP will (VP be (VP based (NP *-2) (PP-LOC-CLR in (NP Seoul))))) and (VP is (VP (VP (NP-EXT 70 %) owned (NP *-2) (PP by (NP-LGS Samsung))) and (VP (NP-EXT 30 %) owned (NP *-2) (PP by (NP-LGS Bozell)))))) .)) (TOP (S (NP-SBJ Samsung) (ADVP-TMP already) (VP owns (NP (NP Korea First Advertising Co.) , (NP (NP that country 's) largest agency))) .)) (TOP (S (NP-SBJ Bozell) (VP joins (NP (NP Backer Spielvogel Bates) and (NP Ogilvy Group)) (PP as (NP (NP U.S. agencies) (PP with (NP (NP interests) (PP in (NP Korean agencies))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Citing (NP (NP (NP a payment) (PP from (NP a supplier))) and (NP (NP strong sales) (PP of (NP certain data-storage products)))))) , (NP-SBJ-1 Maxtor Corp.) (VP said (SBAR 0 (S (NP-SBJ earnings and revenue) (VP jumped (PP-TMP in (NP (NP its second quarter) (VP ended (NP-TMP Sept. 24)))))))) .)) (TOP (S (NP-SBJ (NP The maker) (PP of (NP computer-data-storage products))) (VP said (SBAR 0 (S (NP-SBJ net income) (VP rose (PP-DIR to (NP (NP (QP $ 4.8 million) *U*) , or (NP (NP 23 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP year-earlier net) (PP of (NP (NP (QP $ 1.1 million) *U*) , or (NP (NP five cents) (NP-ADV a share)))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP soared (PP-DIR to (NP (QP $ 117 million) *U*)) (PP-DIR from (NP (QP $ 81.5 million) *U*))) .)) (TOP (S (NP-SBJ Maxtor) (VP said (SBAR 0 (S (NP-SBJ-2 its results) (VP were (VP boosted (NP *-2) (PP by (NP-LGS (NP $ 2 million *U*) (PP in (NP (NP payments) (VP received (NP *) (PP-DIR from (NP a supplier))) , (PP for (NP (NP a certain line) (PP of (NP products)) (SBAR (WHNP-3 that) (S (NP-SBJ-1 Maxtor) (VP is n't (VP going (S (NP-SBJ *-1) (VP to (VP sell (NP *T*-3) (ADVP-TMP anymore))))))))))))))))))) .)) (TOP (S (NP-SBJ Maxtor) (VP said (SBAR 0 (S (NP-SBJ (NP effects) (PP from (S-NOM (NP-SBJ *) (VP discontinuing (NP the line))))) (VP may (VP have (NP (NP a positive effect) (PP on (NP future earnings and revenue)))))))) .)) (TOP (S (S (NP-SBJ A spokeswoman) (VP would n't (VP elaborate))) , but (S (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ the discontinued product) (VP has (ADVP-TMP never) (VP been (NP-PRD (NP a major source) (PP of (NP revenue or profit))))))))) .)) (TOP (S (ADVP Operationally) , (NP-SBJ Maxtor) (VP benefited (PP-CLR from (NP (NP robust sales) (PP of (NP (NP products) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP store (NP data) (PP-BNF for (NP (NP high-end personal computers) and (NP computer workstations))))))))))) .)) (TOP (S (PP-TMP In (NP the fiscal first half)) , (NP-SBJ net) (VP was (NP-PRD (NP (QP $ 7 million) *U*) , or (NP (NP 34 cents) (NP-ADV a share))) , (ADVP up (PP from (NP (NP the year-earlier (QP $ 3.1 million) *U*) , or (NP (NP 15 cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Revenue) (VP rose (PP-DIR to (NP (QP $ 225.5 million) *U*)) (PP-DIR from (NP (QP $ 161.8 million) *U*))) .)) (TOP (S (NP-SBJ-1 (NP Robert G. Walden) , (ADJP (NP 62 years) old) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP a director) (PP of (NP (NP this provider) (PP of (NP advanced technology systems and services)))))) , (S-ADV (NP-SBJ *) (VP increasing (NP the board) (PP-DIR to (NP eight members)))))) .)) (TOP (S (NP-SBJ He) (VP retired (PP as (NP (NP (NP senior vice president) , (NP finance and administration)) , and (NP (NP chief financial officer) (PP of (NP the company))))) (NP-TMP Oct. 1)) .)) (TOP (S (NP-SBJ Southmark Corp.) (VP said (SBAR (SBAR that (S (NP-SBJ it) (VP filed (NP (NP part) (PP of (NP its 10-K report))) (PP-CLR with (NP the Securities and Exchange Commission))))) , but (SBAR that (S (NP-SBJ the filing) (VP does n't (VP include (NP (NP its audited financial statements) and (NP related information)))))))) .)) (TOP (S (NP-SBJ-1 The real estate and thrift concern) , (S-ADV (NP-SBJ *-1) (VP operating (PP-LOC under (NP bankruptcy-law proceedings)))) , (VP said (SBAR 0 (S (NP-SBJ it) (VP told (NP the SEC) (SBAR 0 (S (NP-SBJ it) (VP could n't (VP provide (NP financial statements) (PP-TMP by (NP (NP the end) (PP of (NP its first extension)))) `` (PP without (NP unreasonable burden or expense)))))))))) . '')) (TOP (S (NP-SBJ The company) (VP asked (PP-CLR for (NP a 15-day extension)) (NP-TMP (NP Sept. 30) , (SBAR (WHADVP-1 when) (S (NP-SBJ the financial reports) (VP were (ADJP-PRD due) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ Southmark) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP plans (S (NP-SBJ *-2) (VP to (VP amend (NP-3 its 10K) (S-CLR (NP-SBJ *-3) (VP to (VP provide (NP financial results)))) (ADVP-TMP (ADVP as soon) (SBAR as (S (NP-SBJ-1 its audit) (VP is (VP completed (NP *-1))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Alan Seelenfreund) , (ADJP (NP 52 years) old) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP chairman) (PP of (NP (NP this processor) (PP of (NP prescription claims)))))) , (S-ADV (NP-SBJ *-1) (VP succeeding (NP (NP Thomas W. Field Jr.) , (NP 55) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP resigned (NP-TMP last month))))))))) .)) (TOP (S (NP-SBJ-1 Mr. Field) (ADVP also) (VP had (VP been (NP-PRD (NP chairman) (PP of (NP McKesson Corp.))) , (S-ADV (NP-SBJ *-1) (VP resigning (NP that post) (PP-TMP after (NP (NP a dispute) (PP with (NP the board)) (PP over (NP corporate strategy)))))))) .)) (TOP (S (NP-SBJ Mr. Seelenfreund) (VP (VP is (NP-PRD (NP (NP executive vice president) and (NP chief financial officer)) (PP of (NP McKesson)))) and (VP will (VP continue (PP-LOC in (NP those roles))))) .)) (TOP (S (NP-SBJ-1 PCS) (ADVP also) (VP named (NP (NP Rex R. Malson) , (NP 57) , (NP (NP executive vice president) (PP-LOC at (NP McKesson)))) , (PP-CLR as (NP a director)) , (S-ADV (NP-SBJ *-1) (VP filling (NP (NP the seat) (VP vacated (NP *) (PP by (NP-LGS Mr. Field))))))) .)) (TOP (S (NP-SBJ Messrs. Malson and Seelenfreund) (VP are (NP-PRD (NP directors) (PP of (NP (NP McKesson) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP an (ADJP 86 %) stake) (PP-LOC in (NP PCS)))))))))) .)) (TOP (S (NP-SBJ MedChem Products Inc.) (VP said (SBAR 0 (S (NP-SBJ (NP a U.S. District Court) (PP-LOC in (NP Boston))) (VP ruled (SBAR that (S (NP-SBJ (NP a challenge) (PP by (NP MedChem)) (PP to (NP (NP the validity) (PP of (NP (NP a U.S. patent) (VP held (NP *) (PP by (NP-LGS Pharmacia Inc.)))))))) (VP was `` (PP-PRD without (NP merit))))))))) . '')) (TOP (S (NP-SBJ (NP Pharmacia) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Upsala) , (NP Sweden)))) ,) (VP had (VP charged (PP-LOC in (NP (NP a lawsuit) (PP against (NP MedChem)))) (SBAR that (S (NP-SBJ (NP MedChem 's) AMVISC product line) (VP infringes (PP-CLR on (NP the Pharmacia patent))))))) .)) (TOP (S (NP-SBJ-1 The patent) (VP is (ADJP-PRD related (PP to (NP (NP hyaluronic acid) , (NP (NP a rooster-comb extract) (VP used (NP *) (PP-LOC in (NP eye surgery)))))))) .)) (TOP (S (PP-LOC In (NP its lawsuit)) , (NP-SBJ Pharmacia) (VP is (VP seeking (NP (NP unspecified damages) and (NP (NP a preliminary injunction) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP block (NP-2 MedChem) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP selling (NP the AMVISC products)))))))))))) .)) (TOP (S (NP-SBJ A MedChem spokesman) (VP said (SBAR 0 (S (NP-SBJ the products) (VP contribute (NP (NP (NP (QP about a) third) (PP of (NP (NP MedChem 's) sales))) and (NP (NP (NP (QP 10 % to 20 %) *U*)) (PP of (NP its earnings)))))))) .)) (TOP (S (PP-TMP In (NP (NP the year) (VP ended (NP-TMP Aug. 31 , 1988)))) , (NP-SBJ MedChem) (VP earned (NP (NP (QP $ 2.9 million) *U*) , or (NP (NP 72 cents) (NP-ADV a share))) , (PP on (NP (NP sales) (PP of (NP (QP $ 17.4 million) *U*))))) .)) (TOP (S (NP-SBJ MedChem) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the court 's) ruling) (VP (VP was (VP issued (NP *-1) (PP as (NP (NP part) (PP of (NP (NP a `` first-phase trial '') (PP-LOC in (NP the patent-infringement proceedings)))))))) and (VP concerns (NP (NP only one) (PP of (NP (NP its defenses) (PP-LOC in (NP the case)))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP considering `` (NP (NP all) (PP of (NP its options)) (PP *ICH*-1)) (PP-LOC in (NP (NP light) (PP of (NP the decision)))) , (PP-1 including (NP a possible appeal))))))) . '')) (TOP (S (NP-SBJ The medical-products company) (VP added (SBAR that (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to `` (VP assert (NP (NP its other defenses) '' (PP against (NP (NP Pharmacia 's) lawsuit)) , (PP including (NP the claim (SBAR that (S (NP-SBJ it) (VP has n't (VP infringed (PP-CLR on (NP (NP Pharmacia 's) patent)))))))))))))))) .)) (TOP (S (NP-SBJ MedChem) (VP said (SBAR that (S (NP-SBJ-1 the court) (VP scheduled (NP a conference) (PP-CLR for (NP next Monday)) (PRN -- (S-PRP (NP-SBJ *-1) (VP to (VP set (NP (NP a date) (PP for (NP (NP proceedings) (PP on (NP (NP (NP Pharmacia 's) motion) (PP for (NP a preliminary injunction))))))))))))))) .)) (TOP (S (NP-SBJ Newspaper publishers) (VP are (VP reporting (NP (NP mixed third-quarter results) , (VP (VP aided (NP *) (PP by (NP-LGS favorable newsprint prices))) and (VP hampered (NP *) (PP by (NP-LGS (NP (ADJP flat or declining) advertising linage) , (PP-LOC (ADVP especially) in (NP the Northeast))))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Adding (PP-CLR to (NP (NP unsteadiness) (PP-LOC in (NP the industry)))))) , (NP-SBJ-1 (NP seasonal retail ad spending patterns) (PP-LOC in (NP newspapers))) (VP have (VP been (VP upset (NP *-1) (PP by (NP-LGS (NP (NP shifts) (PP-LOC in (NP ownership))) and (NP (NP general hardships) (PP-LOC within (NP the retail industry)))))))) .)) (TOP (S (PP-LOC In (NP New York)) , (NP-SBJ the Bonwit Teller and B. Altman & Co. department stores) (VP have (VP filed (PP-CLR for (NP (NP protection) (PP from (NP creditors)))) (PP-LOC under (NP (NP Chapter 11) (PP of (NP the federal Bankruptcy Code)))) , (SBAR-ADV while (S (NP-SBJ the R.H. Macy & Co. , Bloomingdale 's and Saks Fifth Avenue department-store chains) (VP are (PP-PRD for (NP sale))))))) .)) (TOP (S (NP-SBJ-1 (NP Many papers) (PP-LOC throughout (NP the country))) (VP are (ADVP also) (VP faced (NP *-1) (PP-CLR with (NP (NP a slowdown) (PP-LOC in (NP (NP classified-ad spending) , (NP (NP a booming category) (PP for (NP newspapers)) (PP-TMP in (NP recent years))))))))) .)) (TOP (S (PP-TMP Until (ADJP recently)) , (NP-SBJ industry analysts) (VP believed (SBAR 0 (S (NP-SBJ (NP decreases) (PP-LOC in (NP retail ad spending))) (VP (VP had (VP bottomed (PRT out))) and (VP would (PP in (NP fact)) (VP increase (PP-TMP in (NP (NP this year 's) (ADJP third and fourth) quarters)))))))) .)) (TOP (S-1 (NP-SBJ All bets) (VP are (ADVP-PRD off) (PRN , (S (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-1)))) ,) (PP-PRP because of (NP (NP the shifting ownership) (PP of (NP the retail chains))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ Improved paper prices) (VP will (VP help (S (NP-SBJ *) (VP offset (NP (NP weakness) (PP-LOC in (NP linage)))))))) , but (S (NP-SBJ (NP the retailers ') problems) (VP have (VP affected (NP (NP the amount) (PP of (NP ad linage)) (SBAR (WHNP-1 0) (S (NP-SBJ they) (ADVP-TMP usually) (VP run (NP *T*-1))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Edward J. Atorino) , (NP (NP industry analyst) (PP for (NP Salomon Brothers Inc)))) .)) (TOP (S `` (NP-SBJ Retailers) (VP are (ADVP just) (PP-LOC-PRD in (NP disarray))) . '')) (TOP (S (PP For (NP instance)) , (NP-SBJ Gannett Co.) (VP posted (NP (NP an (ADJP 11 %) gain) (PP-LOC in (NP net income))) , (SBAR-ADV as (S (S (NP-SBJ total ad pages) (VP dropped (PP-LOC at (NP USA Today)))) , but (S (NP-SBJ advertising revenue) (VP rose (PP-PRP because of (NP (NP a higher circulation rate base) and (NP increased rates)))))))) .)) (TOP (S (NP-SBJ (NP Gannett 's) (NX (NX 83 daily (NX *RNR*-1)) and (NX 35 non-daily (NX *RNR*-1)) (NX-1 newspapers))) (VP reported (NP (NP a (ADJP 3 %) increase) (PP-LOC in (NP advertising and circulation revenue)))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Total advertising linage) (VP was (ADJP-PRD `` modestly '' lower) (SBAR-TMP as (S (NP-SBJ classified-ad volume) (VP increased))) , (SBAR-ADV while (S (NP-SBJ there) (VP was (NP-PRD `` (NP softer demand) '' (PP for (NP (ADJP retail and national) ad linage)))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP John Curley) , (NP (NP Gannett 's) chief executive officer)) .)) (TOP (S (PP-LOC At (NP USA Today)) , (NP-SBJ ad pages) (VP totaled (NP 785) (PP for (NP the quarter)) , (ADVP down (NP 9.2 %) (PP from (NP (NP the 1988 period) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP helped (NP *-1) (PP by (NP-LGS (NP increased ad spending) (PP from (NP the Summer Olympics)))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP (NP USA Today 's) total paid ad pages) (PP for (NP (NP the year) (PP-TMP to (NP date))))) (VP totaled (NP (NP 2,735) , (NP (NP a decrease) (PP of (NP 4 %)) (PP from (NP last year))))))) , (NP-SBJ (NP the paper 's) ad revenue) (VP (VP increased (NP-EXT-1 8 %) (PP-TMP-2 in (NP the quarter))) and (VP (NP-EXT=1 13 %) (PP-TMP=2 in (NP the nine months)))) .)) (TOP (S (PP-TMP In (NP the nine months)) , (NP-SBJ (NP Gannett 's) net) (VP rose (NP-EXT 9.5 %) (PP-DIR to (NP (NP (QP $ 270 million) *U*) , or (NP (NP $ 1.68 *U*) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 247 million) *U*) , or (NP (NP $ 1.52 *U*) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ Revenue) (VP gained (NP 6 %) (PP-DIR to (NP (QP $ 2.55 billion) *U*)) (PP-DIR from (NP (QP $ 2.4 billion) *U*))) .)) (TOP (S (PP-LOC At (NP Dow Jones & Co.)) , (NP-SBJ third-quarter net income) (VP fell (NP-EXT 9.9 %) (PP-DIR from (NP the year-earlier period))) .)) (TOP (S (NP-SBJ Net) (VP fell (PP-DIR to (NP (NP (QP $ 28.8 million) *U*) , or (NP (NP 29 cents) (NP-ADV a share)))) , (PP-DIR from (NP (NP (QP $ 32 million) *U*) , or (NP (NP 33 cents) (NP-ADV a share))))) .)) (TOP (S (NP-SBJ The year-earlier period) (VP included (NP (NP a one-time gain) (PP of (NP (NP (QP $ 3.5 million) *U*) , or (NP (NP four cents) (NP-ADV a share)))))) .)) (TOP (S (NP-SBJ Revenue) (VP gained (NP 5.3 %) (PP-DIR to (NP (QP $ 404.1 million) *U*)) (PP-DIR from (NP (QP $ 383.8 million) *U*))) .)) (TOP (S (NP-SBJ (NP The drop) (PP-LOC in (NP profit))) (VP reflected , (PP in (NP part)) , (NP (NP continued softness) (PP-LOC in (NP financial advertising)) (PP-LOC at (NP (NP The Wall Street Journal) and (NP (NP Barron 's) magazine))))) .)) (TOP (S (NP-SBJ (NP Ad linage) (PP-LOC at (NP the Journal))) (VP fell (NP-EXT 6.1 %) (PP-TMP in (NP the third quarter))) .)) (TOP (S (NP-SBJ Affiliated Publications Inc.) (VP reversed (NP a year-earlier third quarter net loss)) .)) (TOP (S (NP-SBJ (NP The publisher) (PP of (NP the Boston Globe))) (VP reported (NP (NP net) (PP of (NP (NP (NP (QP $ 8.5 million) *U*) , or (NP (NP 12 cents) (NP-ADV a share))) , (PP compared (PP with (NP (NP a loss) (PP of (NP (NP (QP $ 26.5 million) *U*) , or (NP (NP 38 cents) (NP-ADV a share)))))))))) , (PP for (NP (NP the third quarter) (PP-TMP in (NP 1988))))) .)) (TOP (S (NP-SBJ (NP William O. Taylor) , (NP (NP the parent 's) (NX (NX chairman) and (NX chief executive officer))) ,) (VP said (SBAR 0 (S (NP-SBJ-2 earnings) (VP continued (S (NP-SBJ-1 *-2) (VP to (VP be (VP hurt (NP *-1) (PP by (NP-LGS (NP softness) (PP-LOC in (NP ad volume)) (PP-LOC at (NP the Boston newspaper)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Third-quarter profit estimates) (PP for (NP several companies))) (VP are (VP being (VP (ADVP-MNR strongly) affected (NP *-1) (PP by (NP-LGS (NP the price) (PP of (NP (NP newsprint) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (PP-TMP in (NP the last two years)) (VP has (VP had (NP several price increases)))))))))))) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ a supply crunch) (VP caused (S (NP-SBJ prices) (VP to (VP rise (NP-EXT 14 %) (PP-TMP since (NP 1986)) (PP-DIR to (NP (NP $ 650 *U*) (NP-ADV a metric ton))))))))) , (NP-SBJ analysts) (VP are (ADJP-PRD encouraged) , (SBAR-PRP because (S (NP-SBJ they) (VP do n't (VP expect (NP a price increase) (PP-TMP for (NP (NP the rest) (PP of (NP this year))))))))) .)) (TOP (S (NP-SBJ-1 (NP Companies) (PP with (NP (NP daily newspapers) (PP-LOC in (NP the Northeast))))) (VP will (VP need (NP the stable newsprint prices) (S-CLR (NP-SBJ *-1) (VP to (VP ease (NP (NP damage) (PP from (NP weak ad linage)))))))) .)) (TOP (S (NP-SBJ (NP Mr. Atorino) (PP-LOC at (NP Salomon Brothers))) (VP said (SBAR 0 (S (NP-SBJ he) (VP estimates (SBAR that (S (NP-SBJ (NP Times Mirror Co. 's) earnings) (VP were (ADVP-PRD down) (PP for (NP the third quarter)) , (PP-PRP because of (NP (NP soft advertising levels) (PP-LOC at (NP its Long Island Newsday and Hartford Courant newspapers))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Trouble) (PP-LOC on (NP the East Coast))) (VP was (ADVP likely) (VP offset (NP *-1) (PP by (NP-LGS (NP improved ad linage) (PP-LOC at (NP (NP the Los Angeles Times) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (NP-TMP this week) (ADVP also) (VP unveiled (NP a redesign)))))))))) .)) (TOP (S (NP-SBJ-1 New York Times Co.) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP report (NP lower earnings) (PP for (NP the third quarter)) (PP-PRP because of (NP (NP (NP continued weak advertising levels) (PP-LOC at (NP (NP its flagship) (NP New York Times)))) and (NP (NP deep discounting) (PP of (NP newsprint)) (PP-LOC at (NP (NP its affiliate) , (NP Forest Products Group))))))))))) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ (NP Times Co. 's) regional daily newspapers) (VP are (VP holding (PRT up) (ADVP-MNR well)))) , but (S (NP-SBJ there) (VP is (NP-PRD little sign (SBAR that (S (NP-SBJ things) (VP will (VP improve))))) (PP-LOC in (NP the New York market))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Alan Kassan) , (NP (NP an analyst) (PP with (NP Shearson Lehman Hutton)))) .)) (TOP (S (NP-SBJ-1 Washington Post Co.) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP report (NP improved earnings)))) , (PP-PRP (ADVP largely) because of (NP (NP increased (NX (NX cable revenue) and (NX publishing revenue))) (VP helped (NP *) (PP by (NP-LGS (NP an improved retail market) (PP-LOC in (NP the Washington area))))))))) .)) (TOP (S (PP According (PP to (NP analysts))) , (NP-SBJ-1 profits) (VP were (ADVP also) (VP helped (NP *-1) (PP by (NP-LGS (NP successful cost-cutting measures) (PP-LOC at (NP Newsweek)))))) .)) (TOP (S (NP-SBJ The news-weekly) (VP has (VP faced (NP (NP (NP heightened competition) (PP from (NP rival Time magazine))) and (NP a (ADJP relatively flat) magazine advertising market)))) .)) (TOP (S (NP-SBJ-1 Knight-Ridder Inc.) (VP (VP is (VP faced (NP *-1) (PP-CLR with (NP (NP continued uncertainty) (PP over (NP (NP the pending joint operating agreement) (PP between (NP (NP its Detroit Free Press) and (NP (NP Gannett 's) Detroit News))))))))) , and (VP has (VP told (NP analysts) (SBAR that (S (NP-SBJ earnings) (VP were (ADVP-PRD down) (PP-TMP in (NP the third quarter)))))))) .)) (TOP (S (ADVP However) , (NP-SBJ analysts) (VP point (PP-CLR to (NP (NP positive advertising spending) (PP-LOC at (NP (NP several) (PP of (NP its major daily newspapers)) , (PP such as (NP (NP the Miami Herald) and (NP San Jose Mercury News)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The Miami market) (VP is (VP coming (ADVP-DIR back) (ADVP-MNR strong) (PP-TMP after (NP (NP (NP a tough couple) (PP of (NP years))) '' (SBAR (WHADVP-2 when) (S (S (NP-SBJ Knight-Ridder) `` (VP was (VP starting (PRT up) (NP a Hispanic edition) (ADVP-TMP *T*-2)))) and (S (NP-SBJ circulation) (VP was (VP falling (ADVP-TMP *T*-2))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Bruce Thorp) , (NP (NP an analyst) (PP for (NP Provident National Bank)))) .)) (TOP (S (NP-SBJ General Motors Corp.) , (PP-LOC in (NP (NP a series) (PP of (NP (NP moves) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP angered (NP (NP union officials) (PP-LOC in (NP (NP the U.S.) and (NP Canada))))))))))) , (VP has (VP signaled (SBAR that (S (NP-SBJ (QP as many as five) (ADJP North American) assembly plants) (VP may not (VP survive (NP the mid-1990s) (SBAR-TMP as (S (NP-SBJ-1 the corporation) (VP struggles (S (NP-SBJ *-1) (VP to (VP cut (NP its excess vehicle-making capacity))))))))))))) .)) (TOP (S (PP-LOC In (NP (NP announcements) (PP to (NP workers)) (NP-TMP late last week))) , (NP-SBJ GM) (VP (VP (ADVP effectively) signed (NP (NP death notices) (PP for (NP two full-sized van assembly plants)))) , and (VP cast (NP serious doubt) (PP-CLR on (NP (NP the futures) (PP of (NP three U.S. car factories)))))) .)) (TOP (S (NP-SBJ GM) (VP is (PP-PRD under (NP intense pressure (S (NP-SBJ *) (VP to (VP close (NP (NP factories) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP became (ADJP-PRD unprofitable) (SBAR-TMP as (S (NP-SBJ (NP the giant auto maker 's) U.S. market share) (VP skidded (PP-TMP during (NP the past decade))))))))))))))) .)) (TOP (S (NP-SBJ-1 The company) , (S-ADV (NP-SBJ *-1) (ADVP-TMP currently) (VP using (NP (NP (QP about 80) %) (PP of (NP its (ADJP North American) vehicle capacity))))) , (VP has (VP vowed (SBAR 0 (S (NP-SBJ it) (VP will (VP run (PP at (NP (NP 100 %) (PP of (NP capacity)))) (PP-TMP by (NP 1992)))))))) .)) (TOP (S (ADVP-TMP (NP (QP Just a) month) ago) , (NP-SBJ GM) (VP announced (SBAR 0 (S (NP-SBJ it) (VP would (VP make (S (NP-SBJ (NP an aging assembly plant) (PP-LOC in (NP (NP Lakewood) , (NP Ga.) ,))) (NP-PRD (NP the eighth U.S. assembly facility) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP close)))) (PP-TMP since (NP 1987))))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ-1 GM) (VP appears (S (NP-SBJ-2 *-1) (VP to (VP be (VP stepping (PRT up) (NP (NP the pace) (PP of (NP its factory consolidation))) (S-PRP (NP-SBJ *-2) (VP to (VP get (PP-PRD in (NP (NP shape) (PP for (NP the 1990s)))))))))))) .)) (TOP (S (NP-SBJ One reason) (VP is (NP-PRD (NP mounting competition) (PP from (NP (NP new Japanese car plants) (PP-LOC in (NP the U.S.)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (VP pouring (ADVP-DIR out) (NP (NP (QP more than one million) vehicles) (NP-ADV a year)) (PP at (NP (NP costs) (ADJP lower (SBAR than (S (NP-SBJ GM) (VP can (VP match (NP *?*)))))))))))))))) .)) (TOP (S (NP-SBJ Another) (VP is (SBAR-PRD that (S (NP-SBJ United Auto Workers union officials) (VP have (VP signaled (SBAR 0 (S (NP-SBJ they) (VP want (S (NP-SBJ tighter no-layoff provisions) (PP-LOC-PRD in (NP (NP the new Big Three national contract) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP will (VP be (VP negotiated (NP *-1) (NP-TMP next year))))))))))))))))) .)) (TOP (S (NP-SBJ-1 GM officials) (VP want (S (NP-SBJ *-1) (VP to (VP get (NP (NP their strategy) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP reduce (NP (NP capacity) and (NP the work force)) (ADVP *T*-2)))))) (PP-LOC-CLR in (NP place)) (SBAR-TMP before (S (NP-SBJ those talks) (VP begin))))))) .)) (TOP (S (NP-SBJ The problem) , (ADVP however) , (VP is (SBAR-PRD that (S (NP-SBJ (NP GM 's) moves) (VP are (VP coming (PP-TMP at (NP (NP a time) (SBAR (WHADVP-3 when) (S (NP-SBJ-2 UAW leaders) (VP are (VP trying (S (NP-SBJ *-2) (VP to (VP silence (NP (NP dissidents) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP charge (SBAR 0 (S (NP-SBJ the union) (VP is (ADJP-PRD too passive) (PP-LOC in (NP (NP the face) (PP of (NP GM layoffs)))))))))))))) (ADVP-TMP *T*-3)))))))))))) .)) (TOP (S (PP-LOC Against (NP that backdrop)) , (NP-SBJ (NP UAW Vice President Stephen P. Yokich) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (ADVP-TMP recently) (VP became (NP-PRD (NP head) (PP of (NP (NP the union 's) GM department)))))) ,) (VP issued (NP (NP a statement) (VP *ICH*-1)) (NP-TMP Friday) (VP-1 blasting (NP (NP (NP GM 's) `` flagrant insensitivity '') (PP toward (NP union members))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The auto maker 's) decision (S (NP-SBJ *) (VP to (VP let (S (NP-SBJ (NP word) (PP of (NP the latest (NX (NX shutdowns) and (NX product reassignments))))) (VP trickle (ADVP-DIR out) (PP-LOC in (NP (NP separate communiques) (PP to (NP the affected plants)))))))))) (VP showed (NP `` (NP disarray) '' and (NP an `` inability or unwillingness (S (NP-SBJ *) (VP to (VP provide (NP consistent information)))))))) , '' (NP-SBJ Mr. Yokich) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ GM officials) (VP told (NP workers) (NP-TMP late last week) (PP-CLR of (NP (NP the following moves) : (S (NP-SBJ-1 (NP Production) (PP of (NP full-sized vans))) (VP will (VP be (VP consolidated (NP *-1) (PP-CLR into (NP (NP a single plant) (PP-LOC in (NP (NP Flint) , (NP Mich)))))))))))) .)) (TOP (S (NP-SBJ That) (VP means (SBAR 0 (S (NP-SBJ-1 (NP two plants) -- (NP (NP (NP one) (PP-LOC in (NP (NP Scarborough) , (NP Ontario) ,))) and (NP (NP the other) (PP-LOC in (NP (NP Lordstown) , (NP Ohio))))) --) (ADVP probably) (VP will (VP be (VP shut (NP *-1) (ADVP-CLR down) (PP-TMP after (NP (NP the end) (PP of (NP 1991)))))))))) .)) (TOP (S (NP-SBJ The shutdowns) (VP will (VP idle (NP (NP (QP about 3,000) Canadian assembly workers) and (NP (NP (QP about 2,500) workers) (PP-LOC in (NP Ohio)))))) .)) (TOP (S (NP-SBJ-1 (NP Robert White) , (NP Canadian Auto Workers union president) ,) (VP used (NP the impending Scarborough shutdown) (S-CLR (NP-SBJ *-1) (VP to (VP criticize (NP (NP the U.S.-Canada free trade agreement) and (NP (NP its champion) , (NP Prime Minister Brian Mulroney))))))) .)) (TOP (S But (NP-SBJ Canadian auto workers) (VP may (VP benefit (PP-CLR from (NP (NP a separate GM move) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP affects (NP (NP three U.S. car plants) and (NP (NP one) (PP-LOC in (NP Quebec))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Workers) (PP-LOC at (NP (NP plants) (PP-LOC in (NP (NP (NP Van Nuys) , (NP Calif.)) , (NP Oklahoma City) and (NP (NP Pontiac) , (NP Mich.))))))) , (VP were (VP told (NP *-1) (SBAR 0 (S (NP-SBJ-2 their facilities) (VP are (ADVP-TMP no longer) (VP being (VP considered (S (NP-SBJ *-2) (VP to (VP build (NP (NP the next generation) (PP of (NP the Pontiac Firebird and Chevrolet Camaro muscle cars))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ GM) (VP is (VP studying (SBAR whether (S (NP-SBJ it) (VP can (VP build (NP the new Camaro-Firebird) (ADVP-MNR profitably) (PP-LOC at (NP (NP a plant) (PP-LOC in (NP (NP St. Therese) , (NP Quebec)))))))))))) , (NP-SBJ company and union officials) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ That announcement) (VP left (S (NP-SBJ (NP union officials) (PP-LOC in (NP (NP Van Nuys) and (NP Oklahoma City)))) (ADJP-PRD uncertain (PP about (NP their futures))))) .)) (TOP (S (NP-SBJ (NP The Van Nuys plant) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP employs (NP (QP about 3,000) workers)))) ,) (VP does n't (VP have (NP (NP a product) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP build (NP *T*-2)))))) (PP-TMP after (NP 1993)))) .)) (TOP (S (NP-SBJ (NP Jerry Shrieves) , (NP UAW local president) ,) (VP said (SBAR 0 (S (NP-SBJ-2 the facility) (VP was (VP asked (NP-3 *-2) (S (NP-SBJ *-3) (VP to (VP draw (PRT up) (NP plans (S (NP-SBJ-4 *) (VP to (VP continue (S (NP-SBJ *-4) (VP working (PP as (NP (NP a `` flex plant) , '' (SBAR (WHNP-1 which) (S (NP-SBJ-5 *T*-1) (VP could (VP build (NP (NP several different types) (PP of (NP products))) (PP on (NP short notice)) (S-PRP (NP-SBJ *-5) (VP to (VP satisfy (NP demand)))))))))))))))))))))))) .)) (TOP (S (PP-LOC At (NP (NP the Oklahoma City plant) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP employs (NP (NP (QP about 6,000) workers) (VP building (NP the eight-year-old A-body mid-sized cars)))))) ,)) (NP-SBJ (NP Steve Featherston) , (NP UAW local vice president) ,) (VP said (SBAR (SBAR 0 (S (NP-SBJ the plant) (VP has (S (NP-SBJ-3 no new product) (VP lined (NP *-3) (PRT up)))))) , and `` (SBAR 0 (S (NP-SBJ (NP none) (PP of (NP us))) (VP knows '' (SBAR (WHADVP-2 when) (S (NP-SBJ the A-body cars) (VP will (VP die (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP believes (SBAR 0 (S (NP-SBJ GM) (VP has (NP plans (S (NP-SBJ-1 *) (VP to (VP keep (S (NP-SBJ *-1) (VP building (NP A-body cars) (PP-TMP into (NP the mid-1990s))))))))))))))) .)) (TOP (S (PP-LOC At (NP Pontiac)) , (ADVP however) , (NP-SBJ-1 the Camaro-Firebird decision) (VP appears (S (NP-SBJ *-1) (VP to (VP erase (NP UAW hopes (SBAR that (S (NP-SBJ GM) (VP would (VP reopen (NP (NP the shuttered assembly plant) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (ADVP last) (VP built (NP the plastic-bodied , two-seater Pontiac Fiero model)))))))))))))) .)) (TOP (S (NP-SBJ-3 The Fiero plant) (VP was (VP viewed (NP *-3) (PP-CLR as (NP (NP a model) (PP of (NP union-management cooperation)))) (PP-LOC at (NP GM)) (SBAR-TMP before (S (NP-SBJ (NP slow sales) (PP of (NP the Fiero))) (VP forced (S (NP-SBJ the company) (VP to (VP close (NP the factory) (NP-TMP last year))))))))) .)) (TOP (S (NP-SBJ Union officials) (VP have (VP taken (NP a beating) (ADVP politically) (PP-PRP as (NP a result)))) .)) (TOP (S (NP-SBJ Dissident UAW members) (VP have (VP used (NP the Fiero plant) (PP-CLR as (NP (NP a symbol) (PP of (NP (NP labor-management cooperation 's) failure)))))) .)) (TOP (S (NP-SBJ (NP Institut Merieux S.A.) (PP of (NP France))) (VP said (SBAR 0 (S (NP-SBJ the Canadian government) (VP raised (NP (NP an obstacle) (PP to (NP (NP its proposed acquisition) (PP of (NP Connaught BioSciences Inc.)) (PP for (NP (NP (QP 942 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 801.6 million) *U*) -RRB-)))))))))) .)) (TOP (S (NP-SBJ Merieux) (VP said (SBAR 0 (S (NP-SBJ (NP (NP the government 's) minister) (PP of (NP industry , science and technology))) (VP told (NP it) (SBAR that (S (NP-SBJ he) (VP was n't (ADJP-PRD convinced (SBAR that (S (NP-SBJ-1 the purchase) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP be (PP-PRD of `` (NP net benefit) '') (PP to (NP Canada))))))))))))))))) .)) (TOP (S (NP-SBJ Canadian investment rules) (VP require (SBAR that (S (NP-SBJ big foreign takeovers) (VP meet (NP that standard))))) .)) (TOP (S (NP-SBJ The French company) (VP said (SBAR 0 (S (NP-SBJ the government) (VP gave (NP it) (NP (NP 30 days) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ *) (VP to (VP submit (NP (NP information) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (ADVP further) (VP support (NP its takeover plan)))))) (PP-TMP *T*-1)))))))))) .)) (TOP (S (NP-SBJ Both Merieux and Connaught) (VP are (NP-PRD biotechnology research and vaccine manufacturing concerns)) .)) (TOP (S (NP-SBJ (NP The government 's) action) (VP was (ADJP-PRD unusual)) .)) (TOP (S (NP-SBJ (NP Alan Nymark) , (NP (NP executive vice president) (PP of (NP (NP Investment Canada) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP oversees (NP foreign takeovers)))) ,)))) (VP said (SBAR 0 (S (NP-SBJ it) (VP marked (NP (NP the first time) (PP-LOC in (NP its four-year history)) (SBAR (WHADVP-2 that) (S (NP-SBJ the agency) (VP has (VP made (NP (NP an adverse net-benefit decision) (PP about (NP (NP the acquisition) (PP of (NP a (ADJP publicly traded) company))))) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP (VP reached (NP (NP the same conclusions) (PP about (NP some attempts (S (NP-SBJ *) (VP to (VP buy (ADJP closely held) concerns))))))) , but (VP (ADVP-TMP eventually) allowed (S (NP-SBJ those acquisitions) (VP to (VP proceed))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ This) (VP is n't (NP-PRD (NP a change) (PP-LOC in (NP government policy))))) ; (S (NP-SBJ-1 this provision) (VP has (VP been (VP used (NP *-1) (ADVP-TMP before)))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Jodi Redmond) , (NP (NP press secretary) (PP for (NP (NP Harvie Andre) , (NP (NP (NP Canada 's) minister) (PP of (NP industry , science and technology))))))) .)) (TOP (S (NP-SBJ Mr. Andre) (VP issued (NP the ruling) (PP based (PP on (NP (NP a recommendation) (PP by (NP Investment Canada)))))) .)) (TOP (S (NP-SBJ (NP Spokesmen) (PP for (NP Merieux and Connaught))) (VP (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP had n't (VP been (VP informed (NP *-1) (PP-CLR of (NP (NP specific areas) (PP of (NP concern)))) (PP by (NP-LGS either (NP the government) or (NP Investment Canada))))))))) , but (VP added (SBAR 0 (S (NP-SBJ-2 they) (VP hope (S (NP-SBJ *-2) (VP to (VP have (NP more information) (NP-TMP early this week))))))))) .)) (TOP (S (NP-SBJ-1 Investment Canada) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP (NP the reasons) (PP for (NP the government decision)))))))) .)) (TOP (S (NP-SBJ (NP Viren Mehta) , (NP (NP a partner) (PP with (NP (NP Mehta & Isaly) , (NP a (ADJP New York-based) pharmaceutical industry research firm) ,)))) (VP said (SBAR 0 (S (NP-SBJ (NP the government 's) ruling) (VP was n't (ADJP-PRD unexpected))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This) (VP has (VP become (NP-PRD (NP a (ADJP very politicized) deal) , (PP concerning (NP (NP Canada 's) only large , world-class (UCP bio-research or pharmaceutical) company)))))) , '' (NP-SBJ Mr. Mehta) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Mehta) (VP said (SBAR 0 (S (NP-SBJ (NP the move) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP allow (S (NP-SBJ the transaction) (VP to (VP go (ADVP-DIR ahead) (SBAR-MNR as (S (NP-SBJ-2 *) (VP planned (NP *-2)))))))))))) (VP could (VP be (NP-PRD (NP an out-of-court settlement) (PP of (NP (NP (NP Connaught 's) dispute) (PP with (NP (NP the University) (PP of (NP Toronto)))))))))))) .)) (TOP (S (NP-SBJ-3 The University) (VP is (VP seeking (S (NP-SBJ *-3) (VP to (VP block (NP (NP the acquisition) (PP of (NP Connaught)) (PP by (NP foreign interests)))))) , (S-ADV (NP-SBJ *-3) (VP citing (NP (NP concerns) (PP about (NP (NP the amount) (PP of (NP research)) (SBAR (WHNP-4 that) (S (NP-SBJ-2 *T*-4) (VP would (VP be (VP done (NP *-2) (PP-LOC in (NP Canada)))))))))))))) .)) (TOP (S (NP-SBJ The university) (VP is (VP considering (NP (NP a settlement proposal) (VP made (NP *) (PP by (NP-LGS Connaught)))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ neither side) (VP will (VP disclose (NP its contents))))) , (NP-SBJ Mr. Mehta) (VP expects (S (NP-SBJ it) (VP to (VP contain (NP (NP (ADJP more specific) guarantees) (PP on (NP (NP research and development spending levels) (PP-LOC in (NP Canada)))) (SBAR than (S (NP-SBJ Merieux) (VP offered (NP *?*) (PP-DTV to (NP Investment Canada)))))))))) .)) (TOP (S (NP-SBJ (NP Some analysts) , (PP such as (NP (NP Murray Grossner) (PP of (NP Toronto-based Richardson Greenshields Inc.)))) ,) (VP believe (SBAR 0 (S (NP-SBJ the government ruling) (VP leaves (S (NP-SBJ the door) (ADJP-PRD open (PP for (NP (NP other bidders) , (PP such as (NP (NP (NP Switzerland 's) Ciba-Geigy) and (NP (NP Chiron Corp.) (PP of (NP (NP Emeryville) , (NP Calif)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Officials) (PP for (NP (NP the two concerns) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP are (VP bidding (NP (NP C$ 30 *U*) (NP-ADV a share)) (PP-CLR for (NP Connaught))))))))) , (VP could n't (VP be (VP reached (NP *-1) (PP-PRP for (NP comment))))) .)) (TOP (S (NP-SBJ (ADJP French state-owned) Rhone-Poulenc S.A.) (VP holds (NP (NP 51 %) (PP of (NP Merieux)))) .)) (TOP (S (NP-SBJ Weatherford International Inc.) (VP (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP canceled (NP (NP plans) (PP for (NP a preferred-stock swap)))) but (VP may (VP resume (NP (NP payment) (PP of (NP (NP dividends) (PP on (NP the stock))))))))))) , and (VP added (SBAR that (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP (ADVP-MNR publicly) offer (NP (QP about 10 million) common shares))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP planned (S (NP-SBJ *-1) (VP to (VP offer (NP (NP an undetermined number) (PP of (NP common shares))) (PP in (NP (NP exchange) (PP for (NP (NP the 585,000 shares) (PP of (NP (NP its preferred stock) (ADJP outstanding)))))))))))))) .)) (TOP (S (NP-SBJ-1 The exchange ratio) (VP was (ADVP-TMP never) (VP established (NP *-1))) .)) (TOP (S (NP-SBJ Weatherford) (VP said (SBAR 0 (S (NP-SBJ market conditions) (VP led (PP-DIR to (NP (NP the cancellation) (PP of (NP the planned exchange)))))))) .)) (TOP (S (NP-SBJ The energy-services concern) (VP said , (ADVP however) , (SBAR that (S (PP-TMP in (NP January 1990)) , (NP-SBJ it) (VP may (VP resume (NP (NP payments) (PP of (NP (NP dividends) (PP on (NP the preferred stock)))))))))) .)) (TOP (S (NP-SBJ Weatherford) (VP (VP suspended (NP its preferred-dividend payment) (PP-TMP in (NP October 1985))) and (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP has n't (NP any plans (S (NP-SBJ *) (VP to (VP catch (PRT up) (PP on (NP (NP dividends) (PP-LOC in (NP (NP arrears) (NP-ADV (QP about $ 6 million) *U*)))))))))) , but (VP will (VP do (ADVP-PRD so) (NP-TMP (NP some time) (PP-TMP in (NP the future)))))))))) .)) (TOP (S (ADVP Additionally) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ it) (VP filed (PP-CLR with (NP the Securities and Exchange Commission)) (PP for (NP (NP the proposed offering) (PP of (NP (NP (QP 10 million) shares) (PP of (NP common stock)) , (VP expected (S (NP-SBJ-1 *) (VP to (VP be (VP offered (NP *-1) (PP-TMP in (NP November))))))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (NP Salomon Brothers Inc.) and (NP Howard , Weil , Labouisse , Friedrichs Inc.)) , (NP (NP underwriters) (PP for (NP the offering))) ,) (VP were (VP granted (NP *-1) (NP an option (S (NP-SBJ-2 *) (VP to (VP buy (NP (NP as much) (PP as (NP an additional (QP 1.5 million) shares))) (S-PRP (NP-SBJ *-2) (VP to (VP cover (NP over-allotments))))))))))))) .)) (TOP (S (NP-SBJ-1 Proceeds) (VP will (VP be (VP used (NP *-1) (S-CLR (NP-SBJ *) (VP to (VP eliminate and restructure (NP bank debt))))))) .)) (TOP (S (NP-SBJ Weatherford) (ADVP-TMP currently) (VP has (NP (NP (QP approximately 11.1 million) common shares) (ADJP outstanding))) .)) (TOP (S (NP-SBJ-1 (NP Earnings) (PP for (NP (NP most) (PP of (NP (NP the nation 's) major pharmaceutical makers))))) (VP are (VP believed (S (NP-SBJ *-1) (VP to (VP have (VP moved (ADVP-DIR ahead) (ADVP-MNR briskly) (PP-TMP in (NP the third quarter)) , (SBAR-ADV as (S (NP-SBJ (NP companies) (PP with (NP newer , big-selling prescription drugs))) (VP fared (ADVP-MNR especially well)))))))))) .)) (TOP (S (PP For (NP the third consecutive quarter)) , (ADVP however) , (NP-SBJ-1 (NP most) (PP of (NP (NP the companies ') revenues))) (VP were (VP battered (NP *-1) (PP by (NP-LGS adverse foreign-currency translations)) (PP-PRP as (NP (NP a result) (PP of (NP (NP the strong dollar) (ADVP-LOC abroad))))))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR that (S (NP-SBJ (NP Merck & Co.) , (NP Eli Lilly & Co.) , (NP Warner-Lambert Co.) and (NP (NP the Squibb Corp. unit) (PP of (NP Bristol-Myers Squibb Co.)))) all (VP benefited (PP-CLR from (NP (NP strong sales) (PP of (NP (NP (ADJP relatively new) , higher-priced medicines) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP provide (NP wide profit margins)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (ADJP Less robust) earnings) (PP-LOC at (NP (NP Pfizer Inc.) and (NP Upjohn Co.)))) (VP were (VP attributed (NP *-1) (PP-CLR to (NP (NP (NP those companies ') older products) , (SBAR (WHNP-2 (NP many) (WHPP of (WHNP which))) (S (NP-SBJ *T*-2) (VP face (NP (NP stiffening competition) (PP from (NP (NP generic drugs) and (NP other medicines))))))))))) .)) (TOP (S (NP-SBJ (NP Joseph Riccardo) , (NP (NP an analyst) (PP with (NP Bear , Stearns & Co.))) ,) (VP said (SBAR that (S (PP-TMP over (NP the past few years)) (NP-SBJ-1 most drug makers) (VP have (VP (VP shed (NP their slow-growing businesses)) and (VP instituted (NP (NP other cost savings) , (PP such as (S-NOM (NP-SBJ *-1) (VP consolidating (NP (NP manufacturing plants) and (NP administrative staffs)))))))))))) .)) (TOP (S (S-TPC-1 (PP-PRP As (NP a result)) , `` (NP-SBJ major new products) (VP are (VP having (NP significant impact) , (PP-CLR (ADVP even) on (NP (NP a company) (PP with (NP (ADJP very large) revenues))))))) , '' (NP-SBJ Mr. Riccardo) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ-1 (NP profit) (PP for (NP (NP the (QP dozen or so) big drug makers) , (PP as (NP a group)) ,))) (VP is (VP estimated (S (NP-SBJ *-1) (VP to (VP have (VP climbed (NP-EXT (QP between 11 % and 14 %) *U*)))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ that) (VP 's not (ADJP-PRD spectacular)))) , (NP-SBJ (NP Neil Sweig) , (NP (NP an analyst) (PP with (NP Prudential Bache))) ,) (VP said (SBAR that (S (NP-SBJ (NP the rate) (PP of (NP growth))) (VP will `` (VP look (ADJP-PRD especially good (SBAR as (S (NP-SBJ-1 *) (VP compared (NP *-1) (PP-CLR to (NP other companies)))))) (SBAR-ADV if (S (NP-SBJ the economy) (VP turns (ADVP-DIR downward))))))))) . '')) (TOP (S (NP-SBJ Mr. Sweig) (VP estimated (SBAR that (S (NP-SBJ-1 (NP (NP Merck 's) profit) (PP for (NP the quarter))) (VP rose (PP-EXT by (NP (QP about 22) %)) , (S-ADV (NP-SBJ-2 *-1) (VP propelled (NP *-2) (PP by (NP-LGS (NP sales) (PP of (NP (NP its line-up) (PP of (NP (NP fast-growing prescription drugs) , (PP including (NP (NP (NP its anti-cholesterol drug) , (NP Mevacor)) ; (NP (NP a high blood pressure medicine) , (NP Vasotec)) ; (NP (NP Primaxin) , (NP an antibiotic)) , and (NP (NP Pepcid) , (NP an anti-ulcer medication)))))))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ Profit) (VP climbed (SBAR-ADV even though (S (NP-SBJ-1 (NP Merck 's) sales) (VP were (VP reduced (NP *-1) (PP-EXT by `` (NP (QP one to three) percentage points) '') (PP-PRP as (NP (NP a result) (PP of (NP the strong dollar)))))))))) , (NP-SBJ Mr. Sweig) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-TMP In (NP (NP the third quarter) (PP of (NP 1988)))) , (NP-SBJ Merck) (VP earned (NP (NP (QP $ 311.8 million) *U*) , or (NP (NP 79 cents) (NP-ADV a share)))) .)) (TOP (S (PP-LOC In (NP (NP Rahway) , (NP N.J.) ,)) (NP-SBJ a Merck spokesman) (VP said (SBAR 0 (S (NP-SBJ the company) (VP does n't (VP make (NP earnings projections)))))) .)) (TOP (S (NP-SBJ Mr. Sweig) (VP said (SBAR 0 (S (NP-SBJ he) (VP estimated (SBAR that (S (NP-SBJ (NP (NP Lilly 's) earnings) (PP for (NP the quarter))) (VP jumped (NP-EXT about 20 %) , (PP-PRP (ADVP largely) because of (NP (NP the performance) (PP of (NP its new anti-depressant Prozac))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The drug) , (VP introduced (NP *) (NP-TMP last year)) ,) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP generate (NP (NP sales) (PP of (NP (QP about $ 300 million) *U*))) (NP-TMP this year)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 It) (VP 's (VP turning (PRT out) (S (NP-SBJ *-2) (VP to (VP be (NP-PRD a real blockbuster))))))) , '' (NP-SBJ Mr. Sweig) (VP said (S *T*-1)) .)) (TOP (S (PP-TMP In (NP (NP last year 's) third quarter)) , (NP-SBJ Lilly) (VP earned (NP (NP (QP $ 171.4 million) *U*) , or (NP (NP $ 1.20 *U*) (NP-ADV a share)))) .)) (TOP (S (PP-LOC In (NP Indianapolis)) , (NP-SBJ Lilly) (VP declined (NP comment)) .)) (TOP (S (NP-SBJ Several analysts) (VP said (SBAR 0 (S (NP-SBJ they) (VP expected (S (NP-SBJ (NP Warner-Lambert 's) profit) (ADVP also) (VP to (VP increase (PP-EXT by (NP (QP more than 20) %)) (PP-DIR from (NP (NP (NP (QP $ 87.7 million) *U*) , or (NP (NP $ 1.25 *U*) (NP-ADV a share)) ,) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP reported (NP *T*-2) (PP-TMP in (NP (NP the like period) (NP-TMP last year))))))))))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP is (VP praised (NP *-1) (PP by (NP-LGS analysts)) (PP-PRP for (S-NOM (NP-SBJ *-1) (VP (VP (ADVP-MNR sharply) lowering (NP its costs) (PP-TMP in (NP recent years))) and (VP shedding (NP (NP numerous companies) (PP with (NP low profit margins))))))))) .)) (TOP (S-1 (NP-SBJ (NP The company 's) lean operation) (PRN , (S (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-1)))) ,) (VP allowed (S (NP-SBJ (NP sharp-rising sales) (PP from (NP (NP its cholesterol drug) , (NP Lopid) ,))) (VP to (VP power (NP earnings growth))))) .)) (TOP (S (NP-SBJ-1 Lopid sales) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (QP about $ 300 million) *U*) (NP-TMP this year) , (ADVP up (PP from (NP (QP $ 190 million) *U*) (PP-TMP in (NP 1988))))))))) .)) (TOP (S (PP-LOC In (NP (NP Morris Plains) , (NP N.J.) ,)) (NP-SBJ (NP a spokesman) (PP for (NP the company))) (VP said (SBAR 0 (S (NP-SBJ (NP the analysts ') projections) (VP are `` (PP-LOC-PRD in (NP the ballpark)))))) . '')) (TOP (S (NP-SBJ-2 (NP Squibb 's) profit) , (S-ADV (NP-SBJ-3 *-2) (VP estimated (PP by (NP-LGS analysts)) (S (NP-SBJ *-3) (VP to (VP be (PP-LOC-PRD (NP (QP about 18) %) above (NP (NP (NP the (QP $ 123 million) *U*) , or (NP (NP $ 1.25 *U*) (NP-ADV a share))) , (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP earned (NP *T*-1) (PP-TMP in (NP (NP the third quarter) (PP of (NP 1988))))))) ,))))))) (VP was (NP-PRD (NP the result) (PP of (NP (NP (ADJP especially strong) sales) (PP of (NP (NP its Capoten drug) (PP for (S-NOM (NP-SBJ *) (VP treating (NP (NP high blood pressure) and (NP other heart disease))))))))))) .)) (TOP (S (NP-SBJ-1 The company) (VP was (VP (ADVP-MNR officially) merged (NP *-1) (PP-CLR with (NP Bristol-Myers Co.)) (NP-TMP earlier this month))) .)) (TOP (S (NP-SBJ-1 Bristol-Myers) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ (NP Mr. Riccardo) (PP of (NP Bear Stearns))) (VP said (SBAR that (S (NP-SBJ (NP (NP (NP Schering-Plough Corp. 's) expected profit rise) (PP of (NP (QP about 18 % to 20 %) *U*))) , and (NP (NP (NP Bristol-Meyers 's) expected profit increase) (PP of (NP (QP about 13) %)))) (VP are (SBAR-PRP-PRD (ADVP largely) because `` (S (NP-SBJ-1 those companies) (VP are (ADVP really) (VP managed (NP *-1) (ADVP-MNR well))))))))) . '')) (TOP (S (NP-SBJ ScheringPlough) (VP earned (NP (NP (QP $ 94.4 million) *U*) , or (NP (NP 84 cents) (NP-ADV a share))) , (SBAR-ADV while (S (NP-SBJ Bristol-Myers) (VP earned (NP (NP (QP $ 232.3 million) *U*) , or (NP (NP 81 cents) (NP-ADV a share))) , (PP-TMP in (NP (NP the like period) (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (PP-LOC In (NP (NP Madison) , (NP N.J.))) , (NP-SBJ (NP a spokesman) (PP for (NP Schering-Plough))) (VP said (SBAR 0 (S (NP-SBJ the company) (VP has (NP `` (NP no problems) '' (PP with (NP (NP the average estimate (SBAR *ICH*-1)) (PP by (NP a analysts)) (SBAR-1 that (S (NP-SBJ (NP third-quarter earnings) (PP per (NP share))) (VP rose (PP-EXT by (NP (QP about 19) %)) , (PP-DIR to (NP $ 1 *U*)))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The company) (VP expects (S (NP-SBJ *-1) (VP to (VP achieve (NP (NP the (ADJP 20 %) increase) (PP-LOC in (NP full-year earnings)) (PP per (NP share))) , (SBAR-ADV as (S (NP-SBJ it) (VP projected (PP in (NP the spring)))))))))) , (NP-SBJ the spokesman) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ analysts) (VP said (SBAR 0 (S (NP-SBJ (NP (NP Pfizer 's) recent string) (PP of (NP lackluster quarterly performances))) (VP continued , (SBAR-ADV as (S (NP-SBJ-1 (NP earnings) (PP-TMP in (NP the quarter))) (VP were (VP expected (S (NP-SBJ *-1) (VP to (VP decline (PP-EXT by (NP (QP about 5) %))))))))))))) .)) (TOP (S (NP-SBJ (NP Sales) (PP of (NP (NP (NP Pfizer 's) important drugs) , (NP (NP (NP Feldene) (PP for (S-NOM (NP-SBJ *) (VP treating (NP arthritis))))) , and (NP (NP Procardia) , (NP a heart medicine) ,))))) (VP have (VP shrunk (PP-PRP because of (NP increased competition)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The (PRN -LRB- strong -RRB-) dollar) (VP hurt (NP Pfizer) (NP-ADV a lot) , (ADVP too))) , '' (NP-SBJ Mr. Sweig) (VP said (S *T*-1)) .)) (TOP (S (PP-TMP In (NP the third quarter)) (NP-TMP last year) , (NP-SBJ Pfizer) (VP earned (NP (NP (QP $ 216.8 million) *U*) , or (NP (NP $ 1.29 *U*) (NP-ADV a share)))) .)) (TOP (S (PP-LOC In (NP New York)) , (NP-SBJ the company) (VP declined (NP comment)) .)) (TOP (S (NP-SBJ Analysts) (VP said (SBAR 0 (S (NP-SBJ they) (VP expected (S (NP-SBJ (NP Upjohn 's) profit) (VP to (VP (VP be (ADJP-PRD flat)) or (VP rise (PP-EXT by (NP (NP (QP only about 2 % to 4 %) *U*) (SBAR as (S (NP-SBJ-2 *) (VP compared (NP *-2) (PP-CLR with (NP (NP (NP (QP $ 89.6 million) *U*) , or (NP (NP 49 cents) (NP-ADV a share))) , (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP earned (NP *T*-1) (ADVP-TMP (NP a year) ago))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Upjohn 's) biggest-selling drugs) (VP are (NP-PRD (NP (NP Xanax) , (NP a tranquilizer)) , and (NP (NP Halcion) , (NP a sedative)))) .)) (TOP (S (NP-SBJ-1 (NP Sales) (PP of (NP both drugs))) (VP have (VP been (VP hurt (NP *-1) (PP by (NP-LGS (NP (NP new state laws) (VP restricting (NP (NP the prescriptions) (PP of (NP certain tranquilizing medicines))))) and (NP (NP adverse publicity) (PP about (NP (NP the excessive use) (PP of (NP the drugs)))))))))) .)) (TOP (S (S-TPC-2 (ADVP Also) , (S (NP-SBJ (NP (NP the company 's) hair-growing drug) , (NP Rogaine) ,) (VP is (VP selling (ADVP-MNR well) -- (PP at (NP (NP (QP about $ 125 million) *U*) (PP for (NP the year))))))) , but (S (NP-SBJ-1 (NP (NP the company 's) profit) (PP from (NP the drug))) (VP has (VP been (VP reduced (NP *-1) (PP by (NP-LGS (NP (NP Upjohn 's) expensive print and television campaigns) (PP for (NP advertising))))))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP-LOC In (NP (NP Kalamazoo) , (NP Mich.) ,)) (NP-SBJ Upjohn) (VP declined (NP comment)) .)) (TOP (S (PP-LOC Amid (NP (NP a crowd) (PP of (NP crashing stocks)))) , (NP-SBJ-2 (NP Relational Technology Inc. 's) stock) (VP fell (ADVP-MNR particularly hard) (NP-TMP Friday) , (S-ADV (NP-SBJ *-2) (VP dropping (NP-EXT 23 %) (SBAR-PRP because (S (NP-SBJ-1 its problems) (VP were (VP compounded (NP *-1) (PP by (NP-LGS (NP disclosure) (PP of (NP (NP an unexpected loss) (PP for (NP its fiscal first quarter))))))))))))) .)) (TOP (S (NP-SBJ The database software company) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (NP (NP a (ADJP (QP $ 2 million) *U*) net loss) (PP for (NP (NP the fiscal first quarter) (VP ended (NP-TMP Sept. 30))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ analysts) (VP had (VP been (VP expecting (NP (NP a small profit) (PP for (NP the period))))))))) .)) (TOP (S (NP-SBJ-1 Revenue) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP be (ADVP-PRD `` up modestly '' (PP from (NP (NP the (QP $ 26.5 million) *U*) (VP reported (NP *) (ADVP-TMP (NP a year) ago)))))))))) .)) (TOP (S (NP-SBJ Relational Technology) (VP reported (NP (NP net income) (PP of (NP (NP (QP $ 1.5 million) *U*) , or (NP (NP 12 cents) (NP-ADV a share)))) , (PP-TMP in (NP the year-earlier period)))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV While (S (NP-SBJ our international operations) (VP showed (NP strong growth)))) , (NP-SBJ our domestic business) (VP was (PP-LOC-PRD (ADVP substantially) below (NP expectations)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Paul Newton) , (NP (NP president) and (NP chief executive officer))) .)) (TOP (S (NP-SBJ A spokesman) (VP said (SBAR (SBAR 0 (S (NP-SBJ (NP the company 's) first quarter) (VP is (ADJP-PRD historically soft)))) , and (SBAR 0 (S (NP-SBJ (NP computer companies) (PP in (ADJP general))) (VP are (VP experiencing (NP slower sales))))))) .)) (TOP (S (NP-SBJ Mr. Newton) (VP said (SBAR (SBAR 0 (S (NP-SBJ he) (VP accepted (NP (NP the resignation) (PP of (NP (NP Thomas Wilson) , (NP (NP vice president) (PP of (NP corporate sales))))))))) , and (SBAR that (S (NP-SBJ-1 his marketing responsibilities) (VP have (VP been (VP reassigned (NP *-1)))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ (NP Mr. Wilson 's) resignation) (VP was n't (ADJP-PRD related (PP to (NP the sales shortfall))))))) .)) (TOP (S (NP-SBJ Relational Technology) (VP went (NP-PRD public) (PP-TMP in (NP May 1988)) (PP at (NP (NP $ 14 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ It) (VP fell (NP-EXT (NP $ 1.875 *U*) (NP-ADV a share)) (NP-TMP Friday) , (PP-DIR to (NP (NP $ 6.25 *U*) , (NP a new low))) , (PP-LOC in (NP over-the-counter trading))) .)) (TOP (S (NP-SBJ (NP Its high) (PP for (NP the past year))) (VP was (NP-PRD (NP $ 16.375 *U*) (NP-ADV a share))) .)) (TOP (S (PP-TMP In (NP the previous quarter)) , (NP-SBJ the company) (VP earned (NP (NP (QP $ 4.5 million) *U*) , or (NP (NP 37 cents) (NP-ADV a share))) , (PP on (NP (NP sales) (PP of (NP (QP $ 47.2 million) *U*))))) .)) (TOP (S (NP-SBJ The Bronx) (VP has (NP (NP a wonderful botanical garden) , (NP a great zoo) , (NP (NP its own charming Little Italy) (PRN -LRB- (PP-LOC on (NP Arthur Avenue)) -RRB-)) and , (PP of (NP course)) , (NP the Yankees))) .)) (TOP (S (ADVP However) , (NP-SBJ-3 most people) , (S-ADV (NP-SBJ-1 *-3) (VP having (VP been (VP subjected (NP *-1) (PP-CLR to (NP (NP news footage) (PP of (NP the devastated South Bronx)))))))) , (VP look (PP-CLR at (NP the borough)) (NP-MNR (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ (NP Tom Wolfe 's) Sherman McCoy) (VP did (VP *?* (ADVP-MNR *T*-2) (PP-LOC in `` (NP-TTL (NP Bonfire) (PP of (NP the Vanities))) '')))))) -- (PP-CLR as (NP (NP a wrong turn) (PP into (NP hell))))) .)) (TOP (S But (NP-SBJ (NP (NP Laura Cunningham 's) Bronx) , (NP (NP her childhood Bronx) (PP of (NP the '50s))) ,) (VP is (NP-PRD something else) (ADVP altogether)) .)) (TOP (S (PP-LOC In (NP (NP a lovely , novelistic memoir) , (NP `` (NP-TTL Sleeping Arrangements) '' (PRN -LRB- (NP Knopf) , (NP 195 pages) , (NP $ 18.95 *U*) -RRB-)))) , (NP-SBJ she) (VP remembers (NP (NP an exotic playground) , (VP peopled (NP *) (PP (ADVP mainly) by (NP-LGS (NP Jewish eccentrics) and (NP (NP the occasional Catholic) (PRN -LRB- (NP (NP real oddballs) (PP like (NP (NP her sexpot friend) , (NP the hell-kitten Diana) , (NP age five)))) -RRB-))))))) .)) (TOP (S (NP-SBJ (NP Ms. Cunningham) , (NP a novelist and playwright) ,) (VP has (NP (NP a (ADJP (ADJP vivid) and (ADJP dramatically outsized)) sense) (PP of (NP recall)))) .)) (TOP (S (NP-SBJ She) (VP transforms (NP (NP (NP her `` Bronx) (PP of (NP the emotions))) , (NP (NP a place) (SBAR (WHADVP where) (S (NP-SBJ-1 (NP the flats) (PP of (NP mediocrity))) (VP are (ADVP only) (VP relieved (NP *-1) (PP by (NP-LGS (NP steep descents) (PP into (NP hysteria))))))))) '') (PP-CLR into (NP (NP the `` Babylonian Bronx) , '' (NP (NP a world) (VP simmering (PP-CLR with (NP sex and death and intrigue))))))) .)) (TOP (S (PP-LOC In (NP the Babylonian Bronx)) , (NP-SBJ Jewish working-class people) (VP lived (PP-LOC-CLR in (NP (NP drab , Soviet-style buildings) (VP `` glamorized '' (NP *) (PP-CLR with (NP (NP names) (PP like (NP (NP AnaMor Towers) (PRN -LRB- (PP after (NP owners Anna and Morris Snezak)) -RRB-)))))) , (SBAR (WHNP-2 whose lobbies and hallways) (S (NP-SBJ-1 *T*-2) (VP were (VP decorated (NP *-1) (PP-CLR with (NP (NP (NP murals) (PP of (NP ancient Syrians and Greeks))) , (NP (NP friezes) (PP of (NP Pompeii)))))))))))) .)) (TOP (S (PP For (NP Ms. Cunningham)) (NP-SBJ the architectural discombobulation) (VP matched (NP (NP the discrepancy) (SBAR (WHNP-1 0) (S (NP-SBJ-2 she) (VP felt (NP *T*-1) (S-ADV (NP-SBJ *-2) (VP living (PP-LOC-CLR in (NP the AnaMor Towers)) (PP as (NP a little girl))))))) : `` ... (ADJP (ADJP outwardly ordinary) , (ADJP inwardly ornate) ,) (VP owing (NP all inspiration) (PP-CLR to (NP heathen cultures))))) . '')) (TOP (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Sharp-witted and funny but never mean)) , (NP-SBJ-1 she) (VP 's (NP-PRD (NP a memorialist) (PP (NP a bit) like (NP (NP Truman Capote) , (SBAR if (S (NP-SBJ he) (VP 'd (VP been (ADJP-PRD (ADJP Jewish) and (ADJP female) and (ADJP less bitchy)))))))))) .)) (TOP (S (NP-SBJ (NP Little Lily) , (SBAR as (S (NP-SBJ Ms. Cunningham) (VP calls (S (NP-SBJ herself) (NP-PRD *?*)) (PP-LOC in (NP the book))))) ,) (ADVP really) (VP was n't (ADJP-PRD ordinary)) .)) (TOP (S (NP-SBJ-1 She) (VP was (VP raised (NP *-1) , (PP-TMP for (NP the first eight years)) , (PP by (NP-LGS (NP her mother) , (NP Rosie) , (SBAR (WHNP-3 whom) (S (NP-SBJ she) (VP remembers (NP *T*-3) (PP-CLR as (NP (NP a loving liar) , (SBAR (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (VP realigned (NP history) (S-PRP (NP-SBJ *-4) (VP to (VP explain (SBAR (WHADVP-5 why) (S (NP-SBJ (NP Lily 's) father) (VP did n't (VP live (PP with (NP them)) (ADVP-PRP *T*-5)))))))))))))))))))) .)) (TOP (S (NP-SBJ Rosie) (VP reinvented (NP (NP this man) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP may (VP *RNR*-2)) or (VP may not (VP *RNR*-2)) (VP-2 have (VP known (PP-CLR about (NP his child))))))) ,) (PP-CLR as (NP a war hero)) (PP-PRP for (NP (NP Lily 's) benefit))) .)) (TOP (S (S (NP-SBJ-2 Rosie) (VP died (S-ADV (NP-SBJ *-2) (ADJP-PRD young)))) and (S (NP-SBJ Lily) (VP has (VP remembered (NP her) (PP-CLR as (NP (NP a romantic figure) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP did n't (VP interfere (ADVP much) (PP-CLR with (NP (NP (NP her child 's) education) (PP-LOC on (NP the streets))))))))))))) .)) (TOP (S (S (NP-SBJ (NP (NP The games) (SBAR (WHNP-1 0) (S (NP-SBJ Bronx children) (VP played (NP *T*-1))))) (PRN -LRB- (S-NOM (NP-SBJ *) (VP (VP holding (NP kids) (PRT down)) and (VP stripping (NP them)))) , (PP for (NP example)) -RRB-)) (VP seem (ADJP-PRD tame) (PP by (NP (NP today 's) crack standards)))) , but (S (NP-SBJ Ms. Cunningham) (VP makes (S (NP-SBJ it) all (VP sound (PP-PRD like (NP a great adventure)))))) .)) (TOP (S `` (S-TPC-1 (PP Without (NP (NP official knowledge) (PP of (NP sex or death)))) , (NP-SBJ we) (VP flirted (PP-CLR with (NP both)))) , '' (NP-SBJ she) (VP writes (S *T*-1)) .)) (TOP (S (NP-SBJ She) (VP analyzed (NP families) (PP by (NP their sleeping arrangements))) .)) (TOP (S (NP-SBJ (NP Her friend Susan) , (SBAR (WHNP-1 whose parents) (S (NP-SBJ *T*-1) (VP kept (VP reminding (NP her) (SBAR 0 (S (NP-SBJ she) (VP was (ADJP-PRD unwanted)))))))) ,) (VP slept (PP-LOC on (NP (NP a narrow bed) (VP wedged (NP *) (PP-CLR into (NP (NP her parents ') bedroom))))) , (SBAR-ADV as though (S (NP-SBJ she) (VP were (NP-PRD a temporary visitor))))) .)) (TOP (S (S (NP-SBJ (NP (NP Her friend Diana 's)) father) (VP was (NP-PRD a professional thief))) ; (S (NP-SBJ-1 they) (VP did n't (VP seem (S (NP-SBJ *-1) (VP to (VP have (NP any bedrooms) (ADVP at all))))))) .)) (TOP (S (ADVP Maybe) (NP-SBJ Lily) (VP became (ADJP-PRD so obsessed (PP with (SBAR (SBAR (WHADVP-1 where) (S (NP-SBJ people) (VP slept (ADVP-LOC *T*-1)))) and (SBAR (WHADVP=1 how))))) (SBAR-PRP because (S (NP-SBJ-2 her own arrangements) (VP kept (S (NP-SBJ *-2) (VP shifting)))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ Rosie) (VP died (ADVP-TMP *T*-1)))) , (NP-SBJ her uncles) (VP (VP moved (PRT in)) -- and (VP let (S (NP-SBJ her) (VP make (NP the (UCP sleeping and other) household arrangements))))) .)) (TOP (S (NP-SBJ They) (VP painted (NP-1 the apartment) (S-ADV (NP-SBJ *-1) (ADJP-PRD orange , pink and white)) , (PP according (PP to (NP her instructions)))) .)) (TOP (S (PP With (NP loving detail)) (NP-SBJ she) (VP recalls (NP (NP (NP her Uncle Gabe) , (NP (NP an (NX (NX Orthodox Jew) and (NX song lyricist))) (PRN -LRB- (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP rhymed (NP river) (PP-CLR with (NP liver)) (PP-LOC in (NP a love song))))) -RRB-))) ; and (NP (NP Uncle Len) , (NP (NP a mysterious part-time investigator) (SBAR (WHNP-2 who) (S (NP-SBJ-3 *T*-2) (VP (VP looked (PP-PRD like (NP Lincoln))) and (VP carried (NP (NP a change) (PP of (NP clothing))) (PP-LOC-CLR in (NP a Manila envelope)) , (S-ADV (NP-SBJ *-3) (PP-PRD like (NP (NP an `` undercover President) (PP on (NP a good-will mission))))))))))))) . '')) (TOP (S (NP-SBJ They) (VP came (PP-CLR by (NP their strangeness)) (ADVP-MNR honestly)) .)) (TOP (S (NP-SBJ (NP (NP Lily 's) grandmother) , (NP no cookie baker) ,) (VP (VP excised (NP (NP the heads) (PP of (NP disliked relatives))) (PP-CLR from (NP the family album))) , and (VP lugged (PRT around) (NP (NP her perennial work-in-progress) , `` (NP-TTL (NP Philosophy) (PP for (NP Women)))))) . '')) (TOP (S (NP-SBJ The book) (VP loses (NP some momentum) (PP-LOC toward (NP (NP the end) , (SBAR (WHADVP-1 when) (S (NP-SBJ Lily) (VP becomes (ADJP-PRD (ADJP more preoccupied (PP with (S-NOM (NP-SBJ *) (VP dating (NP boys))))) and (ADJP less (PP with (NP her (ADJP delightfully weird) family)))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (PP For (NP the most part)) , (ADVP though) , (NP-SBJ there) (VP 's (NP-PRD much pleasure) (PP-LOC in (NP (NP her saucy , poignant probe) (PP into (NP (NP the mysteries) (PP of (NP the Babylonian Bronx))))))) .)) (TOP (S (NP-SBJ The Bronx) (ADVP also) (VP figures (PP-LOC in (NP (NP (NP Bruce Jay Friedman 's) latest novel) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP flashes (ADVP-DIR back (PP to (NP (NP the New York) (PP of (NP the '50s))))))))))) .)) (TOP (S But (NP-SBJ (NP both the (ADJP past and present) worlds) (PP of (NP `` (NP-TTL The Current Climate) '' (PRN -LRB- (NP Atlantic Monthly Press) , (NP 200 pages) , (NP $ 18.95 *U*) -RRB-)))) (VP feel (ADJP-PRD cramped and static)) .)) (TOP (S (PP For (NP his sixth novel)) , (NP-SBJ-1 Mr. Friedman) (VP tried (S (NP-SBJ *-1) (VP to (VP resuscitate (NP (NP the protagonist) (PP of (NP (NP his 1972 work) , `` (PP-TTL About (NP Harry Towns))))))))) . '')) (TOP (S (NP-SBJ Harry) (VP is (ADVP-TMP now) (NP-PRD (NP a 57-year-old writer) , (SBAR (WHNP-1 (NP whose continuing flirtation) (PP with (NP (NP drugs) and (NP (NP marginal types) (PP-LOC in (NP (NP Hollywood) and (NP New York))))))) (S (NP-SBJ *T*-1) (VP seems (ADJP-PRD quaintly out-of-synch)))))) .)) (TOP (S (NP-SBJ Harry) (VP (ADVP-MNR fondly) remembers (NP (NP the `` old '' days) (PP of (NP the early '70s)) , (SBAR (WHADVP-2 when) (S (NP-SBJ-3 (NP people) (PP like (NP his friend Travis))) (VP would (VP take (NP a psychiatrist) (PP-CLR on (NP a date)) (S-PRP (NP-SBJ *-3) (VP to (VP analyze (SBAR-NOM (WHNP-1 what) (S (NP-SBJ Travis) (VP was (VP doing (NP *T*-1) (ADVP-MNR wrong)))))))) (ADVP-TMP *T*-2))))))) .)) (TOP (SINV `` (FRAG-TPC-1 (NP An L.A. solution)) , '' (VP explains (FRAG *T*-1)) (NP-SBJ Mr. Friedman) .)) (TOP (S (NP-ADV (NP Line) (PP by (NP line))) (NP-SBJ (NP Mr. Friedman 's) weary cynicism) (VP can (VP be (ADJP-PRD amusing) , (SBAR-TMP (ADVP especially) (WHADVP-1 when) (S (NP-SBJ he) (VP 's (VP riffing (PP-CLR on (NP (NP the Hollywood social scheme) -- (NP (NP the way) (SBAR (WHADVP-4 0) (S (NP-SBJ-3 people) (VP size (NP (NP each) (ADJP other)) (PRT up) , (S-ADV (NP-SBJ *-3) (ADVP-TMP immediately) (VP canceling (NP (NP the desperate ones) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (ADVP merely) (VP (ADVP almost) made (NP it))))))) (ADVP-MNR *T*-4))))))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ-1 Harry) (VP has (VP avoided (NP all that) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP living (PP-LOC-CLR in (NP a Long Island suburb)) (PP with (NP (NP his wife) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP 's (ADJP-PRD (ADJP so addicted) (PP to (NP (NP soap operas) and (NP mystery novels))) (SBAR 0 (S (NP-SBJ-3 she) (VP (ADVP barely) seems (S (NP-SBJ *-3) (VP to (VP notice (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ her husband) (VP disappears (PP-PRP for (NP drug-seeking forays)) (PP-DIR into (NP Manhattan)) (ADVP-TMP *T*-4))))))))))))))))))))) .)) (TOP (S But (NP-SBJ it) (VP does n't (VP take (NP too many lines) (S-PRP (NP-SBJ *) (VP to (VP figure (NP Harry) (PRT out)))))) .)) (TOP (S (NP-SBJ He) (VP 's (NP-PRD a bore)) .)) (TOP (S (NP-SBJ Gulf Resources & Chemical Corp.) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP agreed (S (NP-SBJ *-2) (VP to (VP pay (NP (QP $ 1.5 million) *U*) (PP as (NP (NP part) (PP of (NP (NP an accord) (PP with (NP the Environmental Protection Agency)) (VP regarding (NP (NP an environmental cleanup) (PP of (NP (NP a defunct smelter) (SBAR (WHNP-1 0) (S (NP-SBJ the company) (ADVP-TMP formerly) (VP operated (NP *T*-1)))) (PP-LOC in (NP Idaho))))))))))))))))) .)) (TOP (S (PP-TMP In (NP 1984)) (NP-SBJ the EPA) (VP notified (NP (NP Gulf Resources) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP a part-owner) (PP of (NP the smelter))))))) , (SBAR that (S (NP-SBJ-2 it) (VP was (ADJP-PRD potentially liable (PP for (S-NOM (NP-SBJ *-2) (VP sharing (NP (NP cleanup costs) (PP-LOC at (NP the site))) (PP-LOC under (NP the federal Superfund program)))))))))) .)) (TOP (S (NP-SBJ The 21-square-mile area) (VP is (ADJP-PRD contaminated (PP with (NP (NP lead) , (NP zinc) and (NP other metals))))) .)) (TOP (S (NP-SBJ Gulf Resources) (NP-TMP earlier this year) (VP proposed (NP (NP a reorganization plan) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP would (VP make (S (NP-SBJ it) (NP-PRD (NP a unit) (PP of (NP a Bermuda concern)))) , (S-ADV (NP-SBJ *-2) (ADVP potentially) (VP exempting (NP it) (PP-CLR from (NP (NP liability) (PP for (NP (NP the smelter 's) cleanup costs)))))))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR that (S (PP as (NP (NP part) (PP of (NP (NP its agreement) (PP with (NP the EPA)))))) , (NP-SBJ it) `` (VP made (NP certain voluntary undertakings) (PP with (NP (NP respect) (PP to (NP (NP intercorporate transactions) (VP entered (PP-DIR into (NP *)) (PP-TMP after (NP the reorganization))))))))))) . '')) (TOP (S (NP-SBJ (NP The company) , (SBAR (WHNP-3 which) (S (NP-SBJ *T*-3) (VP issued (NP (NP a statement) (PP on (NP the agreement))) (NP-TMP late Friday)))) ,) (VP said (SBAR (SBAR that (S (NP-SBJ-2 (NP (QP $ 1 million) *U*) (PP of (NP the payment))) (VP was (ADVP-TMP previously) (VP provided (PP-CLR for (NP *-2)) (PP-LOC in (NP its financial statements)))))) and (SBAR that (S (NP-SBJ-1 $ 500,000 *U*) (VP will (VP be (VP recognized (NP *-1) (PP-LOC in (NP its 1989 third-quarter statement))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The agreement and consent decree) (VP are (ADJP-PRD subject (PP to (NP court approval))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Gulf Resources) (VP added (SBAR that (S (NP-SBJ-2 it) `` (VP will (VP seek (S (NP-SBJ *-2) (VP to (VP recover (NP equitable contribution) (PP-CLR from (NP others)) (PP for (NP both (NP (NP the amount) (PP of (NP the settlement))) and (NP (NP any other liabilities) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP may (VP incur (NP *T*-1) (PP-LOC under (NP the Superfund law))))))))))))))))) . '')) (TOP (S (PP-LOC Under (NP the agreement)) , (NP-SBJ-1 Gulf) (VP must (VP give (NP the U.S. government) (NP 45 days ' advance written notice) (PP-TMP before (S-NOM (NP-SBJ *-1) (VP issuing (NP any dividends) (PP on (NP common stock))))))) .)) (TOP (S (NP-SBJ (NP The company 's) net worth) (VP can not (VP fall (PP-DIR below (NP (QP $ 185 million) *U*)) (SBAR-TMP after (S (NP-SBJ-1 the dividends) (VP are (VP issued (NP *-1))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The terms) (PP of (NP that agreement))) (ADVP only) (VP become (ADJP-PRD effective) (NP-TMP (NP (NP the date) (PP of (NP (NP Gulf 's) reorganization))) , (SBAR (WHNP-2 which) (S (NP-SBJ we) (VP anticipate (SBAR 0 (S (NP-SBJ *T*-2) (VP will (VP occur (ADVP-TMP sometime) (PP-TMP in (NP early 1990)))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Lawrence R. Mehl) , (NP (NP Gulf 's) general counsel)) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Gulf) (VP must (VP give (NP the government) (NP (NP 20 days ' advance written notice) (PP of (NP (NP any loans) (VP exceeding (NP (QP $ 50 million) *U*)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP are (VP made (NP *-1) (PP-DTV to (NP the Bermuda-based holding company))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Gulf 's) net worth) (PP-TMP after (NP those transaction))) (VP must (VP be (NP-PRD (QP at least $ 150 million) *U*))) .)) (TOP (S (ADVP Separately) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-3 it) (VP expects (S (NP-SBJ-1 *-3) (VP to (VP hold (NP (NP a special meeting) (PP for (NP shareholders))) (PP-TMP in (NP early 1990)) (S-PRP (NP-SBJ *-1) (VP to (VP vote (PP-CLR on (NP its proposed reorganization)))))))))))) .)) (TOP (S (NP-SBJ (NP Many) (PP of (NP (NP the nation 's) highest-ranking executives))) (VP saluted (NP (NP Friday 's) market plunge) (PP-CLR as (NP (NP an overdue comeuppance) (PP for (NP (NP speculators) and (NP takeover players)))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Assuming (SBAR that (S (NP-SBJ the market) (VP does n't (VP head (PP-DIR into (NP a bottomless free fall)))))))) , (NP-SBJ-1 some executives) (VP think (SBAR 0 (S (NP-SBJ (NP Friday 's) action) (VP could (VP prove (NP-PRD (NP (NP a harbinger) (PP of (NP good news))) -- (PP as (NP a sign (SBAR that (S (NP-SBJ (NP the leveraged buy-out and takeover frenzy) (PP of (NP recent years))) (VP may (VP be (VP abating))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ This) (VP is (NP-PRD (NP a reaction) (PP (PP to (NP artificial LBO valuations)) , (CONJP rather than) (PP to (NP any fundamentals)))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP John Young) , (NP (NP chairman) (PP of (NP (NP Hewlett-Packard Co.) , (SBAR (WHNP-1 whose shares) (S (NP-SBJ *T*-1) (VP dropped (NP-EXT $ 3.125 *U*) (PP-DIR to (NP $ 48.125 *U*))))))))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ we) (VP get (ADJP-PRD rid (PP of (NP (NP a lot) (PP of (NP that nonsense)))))))) , (NP-SBJ it) (VP will (VP be (NP-PRD a big plus))) . '')) (TOP (S (NP-SBJ-3 (NP A few) (PP of (NP (NP the executives) (ADVP-LOC here (PP for (NP (NP the fall meeting) (PP of (NP (NP the Business Council) , (NP (NP a group) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP meets (S-CLR (NP-SBJ *-2) (VP to (VP discuss (NP national issues)))))))) ,)))))))) (VP were (ADJP-PRD only too happy (S (NP-SBJ *-3) (VP to (VP personalize (NP their criticism)))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ People) (VP wish (SBAR 0 (S (NP-SBJ the government) (VP would (VP (VP do (NP something) (PP-CLR about (NP leveraged buy-outs))) , (VP do (NP something) (PP-CLR about (NP takeovers))) , (VP do (NP something) (PP-CLR about (NP Donald Trump))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Rand Araskog) , (NP (NP chairman) (PP of (NP (NP ITT Corp.) , (SBAR (WHNP-1 whose stock) (S (NP-SBJ *T*-1) (VP dropped (NP-EXT $ 3.375 *U*)))))))) .)) (TOP (SBARQ `` (WHADVP-1 Where) (SQ (VP 's (ADVP-LOC-PRD *T*-1)) (NP-SBJ the leadership)) ?)) (TOP (SBARQ (WHADVP-2 Where) (SQ (VP 's (ADVP-LOC-PRD *T*-2)) (NP-SBJ (NP the guy) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP can (VP say : (SBAR 0 ` (S (NP-SBJ Enough) (VP is (NP-PRD enough))) '))))))) '' ?)) (TOP (S (NP-SBJ The executives) (VP were (ADJP-PRD remarkably unperturbed (PP by (NP the plunge))) (SBAR-ADV even though (S (NP-SBJ it) (VP (VP lopped (NP (NP-1 billions) (PP of (NP dollars))) (PP-CLR-2 off (NP (NP the value) (PP of (NP their companies))))) -- and (VP (NP=1 millions) (PP-CLR=2 off (NP their personal fortunes))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-2 I) (VP 'm not (VP going (S (NP-SBJ *-2) (VP to (VP worry (PP-CLR about (NP (NP one day 's) decline)))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Kenneth Olsen) , (NP Digital Equipment Corp. president) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (VP (ADVP-MNR leisurely) strolling (PP-DIR through (NP (NP the bright (ADJP orange and yellow) leaves) (PP of (NP (NP the mountains) (ADVP-LOC here))))) (SBAR-TMP after (S (NP-SBJ-4 (NP his company 's) shares) (VP plunged (NP-EXT $ 5.75 *U*) (S-CLR (NP-SBJ *-4) (VP to (VP close (PP-CLR at (NP $ 86.50 *U*))))))))))))) .)) (TOP (S `` (S (NP-SBJ-1 I) (VP did n't (VP bother (S (NP-SBJ *-1) (VP calling (NP anybody)))))) ; (S (NP-SBJ I) (VP did n't (ADVP even) (VP turn (PRT on) (NP TV)))) . '')) (TOP (SINV `` (S-TPC-1 (NP-SBJ There) (VP has n't (VP been (NP-PRD (NP any fundamental change) (PP-LOC in (NP the economy)))))) , '' (VP added (S *T*-1)) (NP-SBJ (NP John Smale) , (SBAR (WHNP whose) (S (NP-SBJ-2 Procter & Gamble Co.) (VP took (NP an (ADJP $ 8.75 *U*) slide) (S-CLR (NP-SBJ *-2) (VP to (VP close (PP-CLR at (NP $ 120.75 *U*))))))))) .)) (TOP (S `` (NP-SBJ The fact (SBAR that (S (S (NP-SBJ this) (VP happened (ADVP-TMP (NP two years) ago))) and (S (NP-SBJ there) (VP was (NP-PRD a recovery)))))) (VP gives (NP people) (NP some comfort (SBAR that (S (NP-SBJ this) (VP wo n't (VP be (NP-PRD a problem))))))) . '')) (TOP (S (PP Of (NP course)) , (NP-SBJ-1 established corporate managements) (ADVP-TMP often) (VP tend (S (NP-SBJ *-1) (VP to (VP applaud (NP (NP the setbacks) (PP of (NP (NP stock speculators) and (NP takeover artists)))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP one chief executive) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (ADJP-PRD downright delighted (PP by (NP (NP Friday 's) events))))))) (VP was (NP-PRD (NP Robert Crandall) , (NP (NP (NP chairman) (PP of (NP (NP AMR Corp.) , (NP (NP the parent) (PP of (NP American Airlines)))))) and (NP (NP the target) (PP of (NP (NP a takeover offer) (PP by (NP Mr. Trump)))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Asked (NP *-1) (SBAR whether (S (NP-SBJ (NP Friday 's) action) (VP could (VP help (S (NP-SBJ-3 him) (VP avoid (S (NP-SBJ-4 *-3) (VP being (VP Trumped (NP *-4) (PP by (NP-LGS the New York real estate magnate))))))))))))) , (NP-SBJ-2 Mr. Crandall) (VP (VP smiled (ADVP-MNR broadly)) and (VP said : `` (FRAG (NP No comment)))) . '')) (TOP (S (PP-TMP On (NP Friday morning)) , (PP-TMP before (NP (NP the market 's) sell-off)) , (NP-SBJ the business leaders) (VP issued (NP (NP a report) (VP predicting (SBAR 0 (S (NP-SBJ the economy) (VP would (VP (VP grow (PP at (NP roughly an inflation-adjusted (ADJP 2 %) annual rate)) , (PP-TMP through (NP next year))) , then (VP accelerate (ADVP anew) (PP-TMP in (NP 1991)))))))))) .)) (TOP (SINV (S-TPC-4 (S (PP-TPC-2 Of (NP (NP the 19 economists) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP worked (PP on (NP the Business Council forecast))))))) , (NP-SBJ (NP (QP only two)) (PP *T*-2)) (VP projected (NP (NP periods) (PP of (NP (NP decline) (PP-LOC in (NP (NP the nation 's) output)))) (PP-TMP over (NP the next two years))))) , and (S (PP-LOC in `` (NP both instances)) (NP-SBJ-3 the declines) (VP are (ADJP-PRD too modest (S (NP-SBJ *-3) (VP to (VP warrant (NP (NP the phrase) (NP recession))))))))) , '' (VP said (SBAR 0 (S *T*-4))) (NP-SBJ (NP Lewis Preston) , (NP (NP (NP chairman) (PP of (NP J.P. Morgan & Co.))) and (NP (NP vice chairman) (PP of (NP the Business Council))))) .)) (TOP (S (NP-SBJ (NP The real estate slump) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP 's (VP pushing (ADVP-DIR down) (NP (NP the price) (PP of (NP New York (NX (NX office space) and (NX housing)))))))))) (VP is (ADVP also) (VP affecting (NP (NP the city 's) retail real estate market))) .)) (TOP (S (PP-LOC In (NP Manhattan)) , (S (NP-SBJ-2 once-desirable store sites) (VP sit (S-CLR (NP-SBJ *-2) (ADJP-PRD vacant)))) and (S (NP-SBJ-1 (ADJP newly constructed) space) (VP has (VP been (ADJP-PRD slow (S (NP-SBJ *-1) (VP to (VP fill))))))) .)) (TOP (S (NP-SBJ Retail real estate brokers) (VP say (SBAR 0 (S (NP-SBJ-1 tenants) (VP are (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP sign (NP leases))))) (PP-PRP because of (NP (NP (NP uncertainty) (PP about (NP the local economy))) , (NP (NP turmoil) (PP-LOC in (NP their own industries))) and (NP a belief (SBAR that (S (NP-SBJ rents) (VP have not (ADVP-TMP yet) (VP hit (NP bottom)))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ There) (VP is (NP-PRD (NP an unbelievable amount) (PP of (NP space)) (ADJP available)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Faith Consolo) , (NP (NP senior vice president) (PP-LOC at (NP Garrick-Aug Associates Store Leasing Inc)))) .)) (TOP (S (NP-SBJ There) (VP are (NP-PRD (NP (QP about 2,000) stores) (PP for (NP rent))) , (ADVP up (PP from (NP (NP a (ADJP more typical) range) (PP of (NP 1,200 to 1,500)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ This) (VP (ADVP further) confuses (NP retailers))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ They) (VP wonder (SQ should (NP-SBJ they) (VP sign (NP a lease)) (SBAR-ADV if (S (NP-SBJ prices) (VP are (ADVP-TMP still) (VP coming (ADVP-DIR down))))) ?)))) (TOP (SQ Is (NP-SBJ this) (NP-PRD (NP the wrong time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP open (NP a store) (ADVP-TMP *T*-1)))))) ?)) (TOP (SBARQ (WHNP-1 Who) (SQ (NP-SBJ-2 *T*-1) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP be (PP-LOC-PRD in (NP (NP the space) (ADVP-LOC next door))))))))) ? '')) (TOP (S-3 (PP In (NP addition)) (PRN , (S (NP-SBJ Ms. Consolo) (VP says (SBAR 0 (S *T*-3)))) ,) (NP-SBJ-2 tenants) (ADVP-TMP usually) (VP can (VP negotiate (S (NP-SBJ *-2) (VP to (VP pay (NP (NP rents) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD (ADJP (NP about one-quarter) lower) (PP than (NP (NP landlords ') initial asking price)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP A handful) (PP of (NP (NP hot retail locations) , (PP such as (NP the 57th Street and Madison and Fifth Avenue areas)) ,))) (VP have (VP been (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP sustain (SBAR-NOM (WHNP-2 what) (S (NP-SBJ many) (VP see (NP *T*-2) (PP-CLR as (NP astronomical rents))))))))))) .)) (TOP (S And , (PP-LOC in (NP some neighborhoods)) , (NP-SBJ rents) (VP have (ADVP merely) (VP hit (NP a plateau))) .)) (TOP (S (S-TPC-1 But (PP on (NP average)) , (NP-SBJ Manhattan retail rents) (VP have (VP dropped (NP-EXT (NP 10 %) to (NP 15 %)) (PP-TMP in (NP (NP the past six months) (ADVP alone)))))) , (NP-SBJ experts) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ That) (VP follows (NP (NP a (ADJP more subtle) decline) (PP-LOC in (NP the prior six months)) , (SBAR-TMP after (S (NP-SBJ (NP Manhattan) rents) (VP had (VP run (ADVP-DIR up) (ADVP-MNR rapidly) (PP-TMP since (NP 1986)))))))) .)) (TOP (S (NP-SBJ (NP The same factors) (VP limiting (NP (NP demand) (PP for (NP office space))))) (VP have (VP affected (NP retailing))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-TMP As (S (NP-SBJ businesses) (VP contract or depart))) , (NP-SBJ (NP the number) (PP of (NP (NP employees) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP might (VP use (NP retail services)))))))) (VP shrinks)) , '' (VP says (S *T*-2)) (NP-SBJ (NP Edward A. Friedman) , (NP (NP senior vice president) (PP of (NP Helmsley Spear Inc)))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ (NP financial problems) (VP plaguing (NP (NP electronics , fur and furniture companies) (PRN -- (NP (NP key categories) (PP-LOC in (NP the local retail economy))) --)))) (VP have (VP (ADVP further) deflated (NP the market)))))) .)) (TOP (SINV (VP-TPC-1 (ADVP-MNR Hardest) hit (NP *-2)) (VP are (VP *T*-1)) (SBAR-NOM-SBJ-2 (WHNP-3 what) (S (NP-SBJ he) (VP calls (S (NP-SBJ *T*-3) (NP-PRD (NP `` secondary '' sites) (SBAR (WHNP-4 that) (S (NP-SBJ *T*-4) (ADVP primarily) (VP serve (NP neighborhood residents))))))))) .)) (TOP (S-1 (PP-LOC In (NP these locations)) (PRN , (S (NP-SBJ Mr. Friedman) (VP says (SBAR 0 (S *T*-1)))) ,) `` (S (NP-SBJ-2 Retailers) (VP are (ADJP-PRD increasingly cautious (PP about (S-NOM (NP-SBJ *-2) (VP expanding)))))) and (S (NP-SBJ rents) (VP (VP have (VP remained (ADJP-PRD steady))) or (VP (PP-LOC in (NP some cases)) have (VP declined)))) . '')) (TOP (S (NP-SBJ (NP Weakness) (PP-LOC in (NP (NP the restaurant industry) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (VP leaving (S (NP-SBJ retail space) (ADJP-PRD vacant))))) ,)))) (VP exacerbates (NP the problem) (PP for (NP landlords))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP is (ADVP also) (NP-PRD (NP no comfort) (PP to (NP (NP landlords) and (NP small New York retailers)))) (SBAR-2 (WHADVP-3 when) (S (NP-SBJ (NP the future) (PP of (NP (NP larger department stores) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP anchor (NP retail neighborhoods)))) ,))) (VP are (PP-LOC-PRD in (NP doubt)) (ADVP-TMP *T*-3))))) .)) (TOP (S (S (NP-SBJ-1 (NP Hooker Corp.) , (NP (NP parent) (PP of (NP (NP Bonwit Teller) and (NP B. Altman 's)))) ,) (VP is (VP mired (NP *-1) (PP-LOC-CLR in (NP bankruptcy proceedings))))) and (S (NP-SBJ Bloomingdale 's) (VP is (PP-PRD for (NP (NP sale) (PP by (NP (NP its owner) , (NP Campeau Corp))))))) .)) (TOP (S (NP-SBJ (NP The trend) (PP toward (NP lower rents))) (VP may (VP seem (ADJP-PRD surprising) (PP given (SBAR that (S (NP-SBJ (NP some communities) (PP-LOC in (NP New York))) (VP are (VP bemoaning (NP (NP the loss) (PP of (NP favorite local businesses)) (PP to (NP high rents)))))))))) .)) (TOP (S But , (PP despite (NP the recent softening)) , (PP for (NP (NP many) (PP of (NP these retailers)))) (NP-SBJ there) (VP 's (ADVP-TMP still) (VP been (NP-PRD (NP (ADJP too big) a jump) (PP from (NP (NP the rental rates) (PP of (NP (NP the late 1970s) , (SBAR (WHADVP-2 when) (S (NP-SBJ-1 their leases) (VP were (VP signed (NP *-1) (ADVP-TMP *T*-2)))))))))))) .)) (TOP (S (ADVP Certainly) , (NP-SBJ (NP the recent drop) (PP-LOC in (NP prices))) (VP does n't (VP mean (SBAR 0 (S (NP-SBJ Manhattan) (VP comes (ADJP-PRD cheap)))))) .)) (TOP (S (NP-SBJ New York retail rents) (ADVP-TMP still) (VP run (PP-LOC (ADVP well) above (NP (NP the going rate) (PP-LOC in (NP other U.S. cities))))) .)) (TOP (S (S (NP-SBJ (NP Madison and Fifth Avenues) and (NP East 57th Street)) (VP can (VP command (NP (NP rents) (PP of (NP (NP (QP up to $ 500) *U*) (NP-ADV a square foot))))))) , and (S (NP-SBJ $ 250 *U*) (VP is (ADJP-PRD not uncommon))) .)) (TOP (S (NP-SBJ The thriving 34th Street area) (VP offers (NP (NP rents) (PP of (NP (NP (QP about $ 100) *U*) (NP-ADV a square foot)))) , (SBAR-ADV as (SINV do (NP-SBJ (NP up-and-coming locations) (PP-LOC along (NP lower Fifth Avenue))) (VP *?*)))) .)) (TOP (S (PP By (NP contrast)) , (NP-SBJ (NP rentals) (PP-LOC in (NP (NP the best retail locations) (PP-LOC in (NP (NP Boston) , (NP San Francisco) and (NP Chicago)))))) (ADVP-TMP rarely) (VP top (NP (NP $ 100 *U*) (NP-ADV a square foot))) .)) (TOP (S And (NP-SBJ (NP rents) (PP-LOC on (NP (NP Beverly Hills ') Rodeo Drive))) (ADVP generally) (VP do n't (VP exceed (NP (NP about $ 125 *U*) (NP-ADV a square foot)))) .)) (TOP (S (NP-SBJ The New York Stock Exchange) (VP said (SBAR 0 (S (NP-SBJ-1 two securities) (VP will (VP begin (S (NP-SBJ *-1) (VP trading)) (NP-TMP this week)))))) .)) (TOP (S (NP-SBJ-1 (NP Precision Castparts Corp.) , (NP-LOC (NP Portland) , (NP Ore.)) ,) (VP will (VP begin (S (NP-SBJ *-1) (VP trading (PP with (NP (NP the symbol) (NP PCP))))))) .)) (TOP (S (NP-SBJ It) (VP (VP makes (NP investment castings)) and (VP has (VP traded (S-ADV (NP-SBJ *) (ADJP-PRD over-the-counter))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Royal Bank) (PP of (NP Scotland Group PLC))) , (NP an (NAC-LOC Edinburgh , Scotland ,) financial services company) ,) (VP will (VP list (NP American depositary shares) , (S-ADV (NP-SBJ *-1) (VP representing (NP preferred shares) , (PP with (NP (NP the symbol) (NP RBSPr))))))) .)) (TOP (S (NP-SBJ-1 It) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP trade (PP-LOC on (NP (NP the International Stock Exchange) , (NP-LOC London)))))))) .)) (TOP (S (NP-SBJ The American Stock Exchange) (VP listed (NP (NP shares) (PP of (NP two companies)))) .)) (TOP (S (NP-SBJ-1 (NP AIM Telephones Inc.) , (NP a (NAC-LOC Parsippany , N.J. ,) telecommunications equipment supply company) ,) (VP started (S (NP-SBJ *-1) (VP trading (PP with (NP (NP the symbol) (NP AIM)))))) .)) (TOP (S (NP-SBJ It) (VP had (VP traded (S-ADV (NP-SBJ *) (ADJP-PRD over-the-counter)))) .)) (TOP (S (NP-SBJ-1 (NP Columbia Laboratories Inc.) , (NP-LOC Miami) ,) (VP began (S (NP-SBJ *-1) (VP trading (PP with (NP (NP the symbol) (NP COB)))))) .)) (TOP (S (NP-SBJ The pharmaceuticals maker) (VP had (VP traded (S-ADV (NP-SBJ *) (ADJP-PRD over-the-counter)))) .)) (TOP (S (NP-SBJ (NP The National Market System) (PP of (NP the Nasdaq over-the-counter market))) (VP listed (NP (NP shares) (PP of (NP one company)))) .)) (TOP (S (NP-SBJ-1 (NP Employee Benefit Plans Inc.) , (NP a Minneapolis health-care services company) ,) (VP was (VP listed (NP *-1) (PP with (NP (NP the symbol) (NP EBPI))))) .)) (TOP (S (SBAR (WHADVP-1 When) (S (NP-SBJ Justice William Brennan) (VP marks (NP (NP the start) (PP of (NP (NP his 34th year) (PP-LOC on (NP the Supreme Court))))) (NP-TMP today) (ADVP-TMP *T*-1)))) , (NP-SBJ the occasion) (VP will (VP differ (ADVP-MNR sharply) (PP-CLR from (NP (NP previous anniversaries) (PP of (NP his tenure)))))) .)) (TOP (S (PP-TMP For (NP the first time)) , (NP-SBJ the 83-year-old justice) (VP finds (NP his influence) (UCP (PP-LOC-CLR (ADVP almost exclusively) in (NP dissent)) , (CONJP rather than) (PP-CLR as (NP (NP a force) (PP-LOC in (NP (NP the high court 's) majority)))))) .)) (TOP (S (NP-SBJ-1 This role reversal) (VP holds (S-CLR (NP-SBJ *-1) (ADJP-PRD true)) , (ADVP as well) , (PP for (NP (NP his three (ADJP liberal and moderate) allies) , (NP Justices Thurgood Marshall , Harry Blackmun and John Stevens)))) .)) (TOP (SQ But are (NP-SBJ-1 (NP these four players) , (NP (NP three) (PP of (NP them)) (PP-LOC in (NP their 80s))) ,) (ADJP-PRD ready (S (NP-SBJ *-1) (VP to (VP assume (NP a different role) (PP-TMP after (NP (NP 88 years) , (ADVP collectively) , (PP of (NP service)) (PP-LOC on (NP the high court)))))))) ?)) (TOP (S (NP-SBJ Every indication) (VP is (SBAR-PRD that (S (NP-SBJ-1 the four) (VP are (ADJP-PRD prepared (S (NP-SBJ *-1) (VP to (VP accept (NP (NP this new role) , and (NP (NP the frustrations) (SBAR (WHNP-5 that) (S (NP-SBJ *T*-5) (VP go (PP-CLR with (NP it))))))) , but (PP-MNR in (NP different ways)))))))))) .)) (TOP (S (S (NP-SBJ Justices Brennan and Stevens) (VP appear (ADJP-PRD philosophical (PP about (NP it))))) ; (S (NP-SBJ Justices Marshall and Blackmun) (VP appear (ADJP-PRD fighting mad))) .)) (TOP (S (NP-SBJ-1 The four justices) (VP are (NP-PRD (NP no newcomers) (PP to (NP dissent))) , (S-ADV (NP-SBJ-2 *-1) (ADVP-TMP often) (VP joining (NP forces) (PP-TMP in (NP the past decade)) (S-PRP (NP-SBJ *-2) (VP to (VP criticize (NP (NP the court 's) conservative drift))))))) .)) (TOP (S But (ADVP-TMP always) , (PP-TMP in (NP (NP years) (ADJP past))) , (NP-SBJ-1 they) (VP (VP have (VP bucked (NP the trend))) and (VP have (VP been (ADJP-PRD able (S (NP-SBJ-2 *-1) (VP to (VP pick (PRT up) (NP a fifth vote) (S-PRP (NP-SBJ *-2) (VP to (VP eke (PRT out) (NP (NP a number) (PP of (NP (NP major victories) (PP-LOC in (NP civil rights and liberties cases))))))))))))))) .)) (TOP (S (ADVP-TMP Now) , (ADVP however) , (SBAR-TMP as (S (NP-SBJ-1 (NP the court 's) new five-member conservative majority) (VP continues (S (NP-SBJ *-1) (VP to (VP solidify)))))) , (NP-SBJ (NP victories) (PP for (NP the liberals))) (VP are (ADJP-PRD rare)) .)) (TOP (S (NP-SBJ The change) (VP is (ADJP-PRD most dramatic) (PP for (NP (NP Justice Brennan) , (NP (NP the last survivor) (PP of (NP (NP the mid-1960s liberal majority) (PP-LOC under (NP Chief Justice Earl Warren)))))))) .)) (TOP (S (PP-TMP In (NP (NP the seven Supreme Court terms) (PP-TMP (PP from (NP (NP the fall) (PP of (NP 1962)))) (PP through (NP (NP the spring) (PP of (NP 1967))))) , (NP (NP the height) (PP of (NP (NP the Warren Court 's) power))) ,)) (NP-SBJ Justice Brennan) (VP cast (NP (QP only 25) dissenting votes) (PP-LOC in (NP (NP 555 cases) (VP decided (NP *) (PP by (NP-LGS the court)))))) .)) (TOP (S (NP-TMP (NP Last term) (ADVP alone)) (NP-SBJ he) (VP cast (NP 52 dissenting votes) (PP-LOC in (NP 133 decisions)) , (PP with (NP (NP the contentious flag-burning ruling) (PP as (NP his only big victory))))) .)) (TOP (S But (NP-SBJ-1 Justice Brennan) (VP foresaw (NP his new role) , (S-ADV (NP-SBJ *-1) (VP (ADVP-MNR strongly) defending (NP (NP the importance) (PP of (NP dissents))) (PP-LOC in (NP a 1985 speech))))) .)) (TOP (S `` (S-TPC-3 (NP-TMP (NP Each time) (SBAR (WHADVP-2 0) (S (NP-SBJ the court) (VP revisits (NP an issue) (ADVP-TMP *T*-2))))) , (NP-SBJ-1 the justices) (VP will (VP be (VP forced (PP by (NP-LGS a dissent)) (S (NP-SBJ *-1) (VP (VP to (VP reconsider (NP the fundamental questions))) and (VP to (VP rethink (NP the result))))))))) , '' (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S (ADVP Moreover) , (PP-TMP in (NP recent months)) (NP-SBJ he) (VP has (VP said (SBAR that (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ he) (VP was (PP-LOC-PRD on (NP the winning side)) (PP-TMP in (NP the 1960s)) (ADVP-TMP *T*-1)))) , (NP-SBJ he) (VP knew (SBAR that (S (NP-SBJ the tables) (VP might (VP turn (PP-TMP in (NP the future))))))))))) .)) (TOP (S (NP-SBJ He) (VP has (VP said (SBAR that (S (NP-SBJ he) (ADVP-TMP now) (VP knows (SBAR (WHADVP-2 how) (S (NP-SBJ Justice John Harlan) (VP felt (ADVP-MNR *T*-2))))))) , (NP-ADV (NP a reference) (PP to (NP (NP the late conservative justice) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP the (ADJP most frequent) dissenter) (PP from (NP (NP the Warren Court 's) opinions))))))))))) .)) (TOP (S (NP-SBJ (NP Associates) (PP of (NP 81-year-old Justice Marshall))) (VP say (SBAR 0 (S (NP-SBJ-1 he) (VP (VP was (ADJP-PRD `` depressed '' (PP about (NP (NP the court 's) direction))) (NP-TMP last spring)) , but (VP is (ADJP-PRD (ADJP feisty (PP about (NP his role))) and (ADJP determined (S (NP-SBJ *-1) (VP to (VP speak (PRT out) (PP against (NP (NP (NP the court 's) cutbacks) (PP-LOC in (NP civil rights)))))))))))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ We) (VP could (VP (VP sweep (NP it) (PP-DIR under (NP the rug))) and (VP hide (NP it))))) , but (S (NP-SBJ-1 I) (VP 'm not (VP going (S (NP-SBJ *-1) (VP to (VP do (NP it)))))))) , '' (NP-SBJ he) (VP said (S *T*-2) (PP-LOC in (NP a speech)) (NP-TMP last month)) .)) (TOP (S (NP-SBJ-2 He) , (S-ADV (NP-SBJ *-2) (PP-PRD like (NP Justice Brennan))) , (VP considers (S (NP-SBJ dissents) (ADJP-PRD highly important (PP for (NP the future)))) , (NP-ADV (NP a point) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has n't (VP escaped (NP legal scholars))))))) .)) (TOP (S (NP-SBJ Harvard Law School Professor Laurence Tribe) (VP says (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD a `` generation-skipping '' flavor) (PP to (NP current dissents)))))) .)) (TOP (S-1 (NP-SBJ-2 (NP The dissenters) (PP-LOC in (NP the Warren Court))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (VP appeared (S (NP-SBJ *-2) (VP to (VP be (VP writing (PP-PRP for (NP the short-term)))))) , (S-ADV (NP-SBJ *) (VP suggesting (SBAR that (S (NP-SBJ (NP the court 's) direction) (VP might (VP change (ADVP-TMP soon)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Brennan and Marshall) (VP are (VP speaking (PP-LOC in (NP their dissents)) (PP-CLR to (NP a (ADJP more distant) future))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Justice Blackmun) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP turn (NP-PRD 81) (NP-TMP next month))))) ,) (ADVP also) (VP seems (ADJP-PRD feisty (PP about (NP his new role)))) .)) (TOP (S (NP-SBJ Associates) (VP say (SBAR 0 (S (NP-SBJ he) (VP takes (NP (NP some defeats) (NP *ICH*-1)) (ADVP-MNR (ADVP more personally) (PP than (NP his colleagues))) , (NP-1 especially attempts (S (NP-SBJ *) (VP to (VP curtail (NP (NP the right) (PP to (NP abortion)) (VP (ADVP-TMP first) recognized (NP *) (PP-LOC in (NP (NP his 1973 opinion) , (NP (NP Roe) (PP vs. (NP Wade))))))))))))))) .)) (TOP (S (NP-SBJ (NP Friends and associates) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP saw (NP Justice Blackmun) (PP-TMP during (NP the summer)))))) (VP said (SBAR 0 (S (NP-SBJ he) (VP was (ADJP-PRD (ADJP (ADVP no more) discouraged) (PP about (NP the court)) (PP than (PP in (NP recent years)))))))) .)) (TOP (S And (NP-SBJ his outlook) (VP improved (PP-TMP after (NP (NP successful cataract surgery) (PP-TMP in (NP August))))) .)) (TOP (S But (NP-SBJ (NP his level) (PP of (NP frustration))) (VP showed (PP-LOC in (NP (NP a recent , impassioned speech) (PP to (NP (NP a group) (PP of (NP (NP hundreds) (PP of (NP lawyers)))) (PP-LOC in (NP Chicago))))))) .)) (TOP (S (NP-SBJ-1 He) (VP concluded (NP his remarks) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP quoting , (UCP (ADVP-MNR emotionally) and (PP at (NP some length))) , (PP according (PP to (NP (NP those) (ADJP present)))) , (NP (NP (NP the late Martin Luther King 's) famous `` (S-TTL (NP-SBJ I) (VP Have (NP a Dream))) '' speech) (PP from (NP (NP the 1963 March) (PP on (NP Washington))))))))) .)) (TOP (S (NP-SBJ (NP Justice Stevens) , (NP 69) ,) (VP is (ADVP probably) (NP-PRD the (ADJP most philosophical (PP of (NP the dissenters)) (PP about (NP his role)))) , (SBAR-PRP (SBAR (PP in (NP part)) because (S (NP-SBJ he) (VP may (VP be (NP-PRD (NP the (ADJP least liberal)) (PP of (NP the four))))))) , but also (SBAR because (S (NP-SBJ he) (VP enjoys (NP (NP the intellectual challenge) (PP of (S-NOM (NP-SBJ *) (VP arguing (PP-CLR with (NP the majority)))))) (ADVP more (PP than (NP the others)))))))) .)) (TOP (S (S-TPC-2 (SBAR-ADV If (S (NP-SBJ (NP the role) (SBAR (WHNP-1 0) (S (NP-SBJ these four dissenters) (VP are (VP assuming (NP *T*-1)))))) (VP is (NP-PRD a familiar one) (PP-LOC in (NP modern Supreme Court history))))) , (NP-SBJ it) (ADVP also) (VP differs (PP-MNR in (NP an important way)) (PP-CLR from (NP recent history)))) , (NP-SBJ court watchers) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (SINV-3 `` (S (NP-SBJ (NP The dissenters) (PP of (NP the Warren Court))) (VP were (ADVP-TMP often) (VP defending (NP (NP a legal legacy) (SBAR (WHNP-1 that) (S (NP-SBJ they) (VP inherited (NP *T*-1)))))))) (PRN , '' (VP says (SBAR 0 (SINV *T*-3))) (NP-SBJ (NP Prof. A.E. Dick Howard) (PP of (NP (NAC the University (PP of (NP Virginia))) Law School))) ,) `` but (S (NP-SBJ (NP the dissenters) (NP-TMP today)) (VP are (VP defending (NP (NP a legacy) (SBAR (WHNP-2 that) (S (NP-SBJ they) (VP created (NP *T*-2)))))))) .)) (TOP (S (S (NP-SBJ The government) (VP sold (NP (NP the deposits) (PP of (NP four savings-and-loan institutions))) , (PP-LOC in (NP (NP its first wave) (PP of (NP (NP sales) (PP of (NP big , sick thrifts)))))))) , but (S (NP-SBJ low bids) (VP prevented (NP (NP the sale) (PP of (NP a fifth))))) .)) (TOP (S (NP-SBJ-1 The four S&Ls) (VP were (VP sold (NP *-1) (PP-DTV to (NP large banks)) , (SBAR-ADV as (S (NP-SBJ *) (VP was (NP-PRD the case) (PP with (NP (NP most) (PP of (NP (NP the 28 previous transactions) (VP initiated (NP *) (PP by (NP-LGS the Resolution Trust Corp.)) (SBAR-TMP since (S (NP-SBJ-2 it) (VP was (VP created (NP *-2) (PP-LOC in (NP the S&L bailout legislation)) (ADVP-TMP (NP two months) ago))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Two) (PP of (NP the four big thrifts))) (VP were (VP sold (NP *-1) (PP-DTV to (NP (NP NCNB Corp.) , (NP-LOC (NP Charlotte) , (NP N.C.)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP has (VP (ADVP-MNR aggressively) expanded (NP its markets) , (PP-LOC (ADVP particularly) in (NP Texas and Florida)))))))))) .)) (TOP (S (NP-SBJ A Canadian bank) (VP bought (NP another thrift) , (PP-LOC in (NP (NP the first RTC transaction) (PP with (NP a foreign bank))))) .)) (TOP (S (PP-LOC Under (NP these deals)) , (NP-SBJ the RTC) (VP sells (NP just (NP the deposits) and (NP the healthy assets))) .)) (TOP (S (NP-SBJ These `` clean-bank '' transactions) (VP leave (NP-2 (NP (NP the bulk) (PP of (NP bad assets))) , (NP mostly real estate) ,) (PP-CLR with (NP the government)) , (S-PRP (NP-SBJ-1 *-2) (VP to (VP be (VP sold (NP *-1) (ADVP-TMP later)))))) .)) (TOP (S (PP-LOC In (NP these four)) , (PP for (NP instance)) , (NP-SBJ-1 the RTC) (VP is (VP stuck (NP *-1) (PP-CLR with (NP (NP (QP $ 4.51 billion) *U*) (PP in (NP bad assets)))))) .)) (TOP (S (NP-SBJ Acquirers) (VP paid (NP (NP premiums) (VP ranging (PP-DIR (PP from (NP 1.5 %)) (PP to (NP 3.7 %)))) (PP-LOC *ICH*-2)) (PP-CLR for (NP the (NX (NX deposits) and (NX branch systems)))) , (PP-LOC-2 (ADVP roughly) in (NP (NP line) (PP with (SBAR-NOM (WHNP-1 what) (S (NP-SBJ analysts) (VP were (VP expecting (NP *T*-1))))))))) .)) (TOP (S (NP-SBJ-1 The buyers) (VP will (ADVP also) (VP be (VP locked (NP *-1) (PP-CLR into (NP deposit rates)) (PP-TMP for (NP (QP just two) weeks)) , (SBAR-ADV as (S (NP-SBJ *) (VP has (VP been (NP-PRD the case) (PP with (NP previous deals))))))))) .)) (TOP (S (PP-TMP After (NP that)) , (NP-SBJ the buyers) (VP may (VP repudiate (NP (NP the rates) (VP paid (NP *) (PP by (NP-LGS the former thrifts)))))) .)) (TOP (S But (NP-SBJ (NP it) (SBAR *EXP*-1)) (VP 's (ADJP-PRD uncertain) (SBAR-1 whether (S (NP-SBJ these institutions) (VP will (VP take (NP those steps)))))) .)) (TOP (S (S (NP-SBJ NCNB) , (PP for (NP example)) , (VP has (VP been (NP-PRD (NP one) (PP of (NP (NP the highest rate payers) (PP-LOC in (NP the Texas market)))))))) , and (S (PP-LOC in (NP Florida)) , (NP-SBJ rates) (VP are (ADJP-PRD especially sensitive) (PP-LOC in (NP retirement communities)))) .)) (TOP (S (S (NP-SBJ-1 The RTC) (VP had (ADVP-TMP previously) (VP targeted (NP five thrifts) (PP-CLR for (NP quick sales)) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP spend (NP cash) (PP-TMP by (NP certain budgetary deadlines))))))))) , but (S (NP-SBJ the delays) (VP illustrate (NP (NP the tough chore) (VP facing (NP the agency))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ These thrifts) (VP are (NP-PRD beached whales))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Bert Ely) , (NP (NP an industry consultant) (VP based (NP *) (PP-LOC-CLR in (NP (NP Alexandria) , (NP Va)))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP the delay) (PP-LOC in (S-NOM (NP-SBJ *) (VP selling (NP (NP (NP People 's) Heritage Savings) , (NP-LOC (NP Salina) , (NP Kan.)) , (PP with (NP (NP (QP $ 1.7 billion) *U*) (PP in (NP assets)))) ,))))) (VP has (VP forced (S (NP-SBJ the RTC) (VP to (VP consider (VP selling (ADVP-CLR off) (NP the thrift) (ADVP-MNR (ADVP branch-by-branch) , (CONJP instead of) (ADVP as (NP a whole institution))))))))) .)) (TOP (S (NP-SBJ NCNB) (VP continued (NP (NP its foray) (PP into (NP the Florida and Texas markets)))) .)) (TOP (S (NP-SBJ NCNB) (VP will (VP acquire (NP (NP University Federal Savings Association) , (NP-LOC Houston) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP (NP assets) (PP of (NP (QP $ 2.8 billion) *U*))))))))) .)) (TOP (S (NP-SBJ NCNB Texas National Bank) (VP will (VP pay (NP the RTC) (NP (NP a premium) (PP of (NP (QP $ 129 million) *U*))) (PP-CLR for (NP (NP (QP $ 3.5 billion) *U*) (PP in (NP deposits)))))) .)) (TOP (S (PP As (NP (NP a measure) (PP of (NP (NP the depths) (SBAR (WHPP-1 to (WHNP which)) (S (NP-SBJ the Texas real estate market) (VP has (VP sunk (PP-DIR *T*-1))))))))) , (NP-SBJ the RTC) (VP will (VP pay (NP (QP $ 3.8 billion) *U*) (PP-DTV to (NP-2 NCNB)) (S-PRP (NP-SBJ *-2) (VP to (VP take (NP (NP (QP $ 750 million) *U*) (PP of (NP bad assets)))))))) .)) (TOP (S (NP-SBJ NCNB) (ADVP also) (VP acquired (NP (NP Freedom Savings & Loan Association) , (NP-LOC (NP Tampa) , (NP Fla.)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP (NP total assets) (PP of (NP (QP $ 900 million) *U*)))))))) .)) (TOP (S (NP-SBJ NCNB) (VP will (VP pay (NP the RTC) (NP (NP a premium) (PP of (NP (QP $ 40.4 million) *U*))) (PP-CLR for (NP (NP (QP $ 1.1 billion) *U*) (PP in (NP deposits)))))) .)) (TOP (S (NP-SBJ NCNB) (VP will (ADVP also) (VP acquire (NP (NP (QP $ 266 million) *U*) (PP of (NP (NP Freedom 's) assets))) (PP-CLR from (NP (NP the RTC) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP require (NP (NP (QP $ 875 million) *U*) (PP in (NP assistance))))))))))) .)) (TOP (S (NP-SBJ (NP Meridian Bancorp Inc.) , (NP-LOC (NP Reading) , (NP Pa.)) ,) (VP will (VP acquire (NP (NP Hill Financial Savings Association) , (NP-LOC (NP Red Hill) , (NP Pa.)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP (NP (QP $ 2.3 billion) *U*) (PP in (NP assets))))))))) .)) (TOP (S (NP-SBJ-1 Meridian) (VP will (VP pay (NP (NP a premium) (PP of (NP (QP $ 30.5 million) *U*))) (S-PRP (NP-SBJ *-1) (VP to (VP assume (NP (NP (QP $ 2 billion) *U*) (PP in (NP deposits)))))))) .)) (TOP (S (NP-SBJ It) (VP will (ADVP also) (VP purchase (NP (NP (QP $ 845 million) *U*) (PP of (NP (NP the thrift 's) assets))) , (PP with (NP (NP (QP $ 1.9 billion) *U*) (PP in (NP RTC assistance)))))) .)) (TOP (S (PP-LOC In (NP (NP the first RTC transaction) (PP with (NP (NP a foreign buyer))))) , (NP-SBJ (NP Royal Trustco Ltd.) , (NP-LOC Toronto) ,) (VP will (VP acquire (NP (NP Pacific Savings Bank) , (NP-LOC (NP Costa Mesa) , (NP Calif.) ,) (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP had (NP (NP (QP $ 949 million) *U*) (PP in (NP assets))))))))) .)) (TOP (S (NP-SBJ Royal Trustco) (VP will (VP pay (NP-1 the RTC) (NP (QP $ 25 million) *U*) (S-PRP (NP-SBJ *-1) (VP to (VP assume (NP (NP (QP $ 989 million) *U*) (PP in (NP deposits)))))))) .)) (TOP (S (NP-SBJ It) (VP will (ADVP also) (VP (VP purchase (NP (NP (QP $ 473 million) *U*) (PP in (NP assets)))) , and (VP receive (NP (NP (QP $ 550 million) *U*) (PP in (NP assistance))) (PP-CLR from (NP the RTC))))) .)) (TOP (S (NP-SBJ-1 The following issues) (VP were (ADVP-TMP recently) (VP filed (NP *-1) (PP-CLR with (NP the Securities and Exchange Commission)))) :)) (TOP (NP (NP American Cyanamid Co.) , (NP (NP offering) (PP of (NP 1,250,000 common shares)) , (PP via (NP Merrill Lynch Capital Markets))) .)) (TOP (NP (NP Limited Inc.) , (NP (NP offering) (PP of (NP (NP (QP up to $ 300 million) *U*) (PP of (NP (NP debt securities) and (NP warrants)))))) .)) (TOP (NP (NP Nuveen California Performance Plus Municipal Fund Inc.) , (NP (NP initial offering) (PP of (NP (QP five million) common shares)) , (PP via (NP (NP Alex . Brown & Sons Inc.) , (NP John Nuveen & Co.) , (NP Prudential-Bache Capital Funding) , and (NP Bateman Eichler , Hill Richards)))) .)) (TOP (NP (NP PacifiCare Health Systems Inc.) , (NP (NP proposed offering) (PP of (NP (NP (QP 1.5 million) common shares) , (SBAR (WHPP-2 of (WHNP which)) (S (S (NP-SBJ-1 (NP 700,000 shares) (PP *T*-2)) (VP will (VP be (VP offered (NP *-1) (PP-3 by (NP-LGS PacifiCare)))))) and (S (NP-SBJ=1 (NP 800,000 shares) (PP *T*-2)) (PP=3 by (NP-LGS UniHealth America Inc .))))) (PRN -LRB- (NP PacifiCare 's) 71 % -RRB-))) , (PP via (NP (NP Dillon , Read & Co. Inc.) , (NP Goldman , Sachs & Co.) and (NP Dean Witter Reynolds Inc)))) .)) (TOP (NP (NP Pricor Inc.) , (NP (NP offering) (PP of (NP (NP (NP (QP one million) new shares) (PP of (NP common stock))) and (NP (NP 300,000 shares) (PP by (NP holders))))) , (PP via (NP (NP Drexel Burnham Lambert Inc.) and (NP J.C. Bradford & Co)))) .)) (TOP (NP (NP Trans World Airlines Inc.) , (NP (NP offering) (PP of (NP (NP (QP $ 150 million) *U*) (NP senior notes))) , (PP via (NP Drexel Burnham))) .)) (TOP (S (NP-SBJ Time magazine) , (PP-LOC in (NP (NP a move) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP reduce (NP (NP the costs) (PP of (S-NOM (NP-SBJ *) (VP wooing (NP new subscribers))))))))))) , (VP is (VP (VP lowering (NP (NP its circulation guarantee) (PP to (NP advertisers))) (PP-TMP for (NP the second consecutive year))) , (VP increasing (NP its subscription rates)) and (VP cutting (PRT back) (PP-CLR on (NP merchandise giveaways))))) .)) (TOP (S (PP-LOC In (NP (NP an announcement) (PP to (NP its staff)) (NP-TMP last week))) , (NP-SBJ (NP executives) (PP-LOC at (NP (NP Time Warner Inc. 's) weekly magazine))) (VP said (SBAR 0 (S (NP-SBJ Time) (VP will (VP (VP `` (ADVP-MNR dramatically) de-emphasize '' (NP (NP its use) (PP of (NP (NP electronic giveaways) (PP such as (NP telephones)))) (PP-LOC in (NP television subscription drives)))) ; (VP cut (NP (NP the circulation) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP guarantees (NP advertisers) (NP *T*-1))))) (PP-EXT by (NP 300,000)) , (PP-DIR to (NP (QP four million)))) ; and (VP increase (NP (NP the cost) (PP of (NP its annual subscription rate))) (PP-EXT by (NP (QP about $ 4) *U*)) (PP-DIR to (NP $ 55 *U*)))))))) .)) (TOP (S (S (PP-LOC In (NP a related development)) , (NP-SBJ the news-weekly) , (PP-TMP for (NP (NP the fourth year) (PP-LOC in (NP a row)))) , (VP said (SBAR 0 (S (NP-SBJ it) (VP wo n't (VP increase (NP its advertising rates) (PP-TMP in (NP 1990)))))))) ; (S (NP-SBJ (NP a full , four-color page) (PP-LOC in (NP the magazine))) (VP costs (NP (QP about $ 120,000) *U*))) .)) (TOP (S (ADVP However) , (SBAR-PRP because (S (NP-SBJ-1 the guaranteed circulation base) (VP is (VP being (VP lowered (NP *-1)))))) , (NP-SBJ ad rates) (VP will (VP be (ADVP effectively) (ADJP-PRD (NP (NP 7.5 %) (PP *ICH*-2)) higher (PP-2 per (NP subscriber))) , (PP according (PP to (NP (NP Richard Heinemann) , (NP Time associate publisher)))))) .)) (TOP (S (NP-SBJ Time) (VP is (VP following (NP (NP the course) (PP of (NP (NP some other mass-circulation magazines) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (PP-TMP in (NP recent years)) (VP have (VP challenged (NP the publishing myth (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP maintaining (NP (ADJP (ADJP artificially high) , and (ADJP expensive) ,) circulations))) (VP is (NP-PRD (NP the way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP draw (NP advertisers) (ADVP-MNR *T*-2))))))))))))))))))) .)) (TOP (S (PP-TMP In (NP recent years)) , (NP-SBJ-1 (NP (NP Reader 's) Digest) , (NP (NP New York Times Co. 's) McCall 's) , and (ADVP-TMP most recently) (NP (NP News Corp. 's) TV Guide) ,) (VP have (VP cut (NP their massive circulation rate bases) (S-PRP (NP-SBJ *-1) (VP to (VP (VP eliminate (NP marginal circulation)) and (VP hold (PRT down) (NP (NP rates) (PP for (NP advertisers))))))))) .)) (TOP (S (NP-SBJ (NP (NP Deep discounts) (PP-LOC in (NP subscriptions))) and (NP (NP offers) (PP of (NP free (NX (NX clock radios) and (NX watches)))))) (VP have (VP become (NP-PRD (NP accepted forms) (PP of (S-NOM (NP-SBJ *) (VP attracting (NP new subscribers))))) (PP-LOC in (NP (NP the hyper-competitive world) (PP of (NP magazine news-weeklies)))))) .)) (TOP (S But (NP-SBJ-1 Time) , (PP as (NP (NP part) (PP of (NP the (ADJP more cost-conscious) Time Warner)))) , (VP wants (S (NP-SBJ *-1) (VP to (VP wean (NP itself) (ADVP-DIR away) (PP-CLR from (NP expensive gimmicks)))))) .)) (TOP (S (ADVP Besides) , (NP-SBJ Time executives) (VP think (SBAR 0 (S (S-NOM-SBJ (NP-SBJ *) (VP selling (NP a news magazine) (PP-MNR with (NP a clock radio)))) (VP is (ADJP-PRD tacky))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Giveaways) (VP (ADVP just) give (NP people) (NP the wrong image))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ Mr. Heinemann) .)) (TOP (S `` (NP-SBJ That perception) (VP takes (NP the focus) (PP-DIR off (NP the magazine))) . '')) (TOP (S (NP-SBJ Time magazine executives) (ADVP predictably) (VP paint (NP the circulation cut) (PP-CLR as (NP (NP (NP a show) (PP of (NP strength))) and (NP (NP actually a benefit) (PP to (NP advertisers)))))) .)) (TOP (SINV `` (S-TPC-3 (SBAR-NOM-SBJ (WHNP-2 What) (S (NP-SBJ we) (VP are (VP doing (NP *T*-2))))) (VP is (S-NOM-PRD (NP-SBJ *) (VP screening (PRT out) (NP (NP the readers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP are (ADJP-PRD (ADVP only casually) related (PP to (NP the magazine)))) and (VP do n't (ADVP really) (VP read (NP it))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ Mr. Heinemann) .)) (TOP (S `` (NP-SBJ-1 We) (VP are (VP trying (S (NP-SBJ *-1) (VP to (VP create (NP quality and involvement)))))) . '')) (TOP (S (ADVP However) , (NP-SBJ Time executives) (VP used (NP the same explanation) (SBAR-TMP (WHADVP-1 when) (S (PP-TMP in (NP October 1988)) (NP-SBJ the magazine) (VP cut (NP its guaranteed circulation) (PP-DIR from (NP (QP 4.6 million))) (PP-DIR to (NP (QP 4.3 million))) (ADVP-TMP *T*-1))))) .)) (TOP (S And (NP-SBJ (NP Time 's) paid circulation) , (PP according (PP to (NP (NP Audit Bureau) (PP of (NP Circulations))))) , (VP dropped (NP-EXT 7.3 %) (PP-DIR to (NP 4,393,237)) (PP-TMP in (NP (NP the six months) (VP ended (NP-TMP June 30 , 1989))))) .)) (TOP (S (ADVP Still) , (NP-SBJ-1 (NP Time 's) move) (VP is (VP being (VP received (NP *-1) (ADVP-MNR well) , (ADVP-TMP once again)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP It) (SBAR *EXP*-2)) (VP 's (ADJP-PRD terrific) (SBAR-2 for (S (NP-SBJ advertisers) (VP to (VP know (SBAR 0 (S (NP-SBJ the reader) (VP will (VP be (VP paying (NP more)))))))))))) , '' (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Michael Drexler) , (NP (NP national media director) (PP-LOC at (NP Bozell Inc. ad agency)))) .)) (TOP (S `` (NP-SBJ (NP A few drops) (PP-LOC in (NP circulation))) (VP are (PP-PRD of (NP no consequence))) .)) (TOP (S (S (NP-SBJ It) (VP 's not (NP-PRD (NP a show) (PP of (NP weakness))))) ; (S (NP-SBJ-1 they) (VP are (VP improving (NP (NP the quality) (PP of (NP circulation))) (SBAR-TMP while (S (NP-SBJ *-1) (VP insuring (NP their profits))))))) . '')) (TOP (S (NP-SBJ Mr. Heinemann) (VP said (SBAR 0 (S (NP-SBJ the changes) (VP represent (NP (NP (NP a new focus) (PP-LOC in (NP the magazine industry))) : (NP (NP (NP (NP a magazine 's) net revenue) (PP per (NP subscriber))) , or (NP (NP the actual revenue) (PP from (NP subscribers)) (SBAR-TMP after (S (NP-SBJ-1 (NP discounts) and (NP (NP the cost) (PP of (NP premiums)))) (VP have (VP been (VP stripped (NP *-1) (ADVP-CLR away))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ The question) (VP is (SBARQ-PRD (WHNP-1 how much) (SQ are (NP-SBJ we) (VP getting (NP *T*-1) (PP-CLR from (NP each reader))))))) , '' (VP said (S *T*-2)) (NP-SBJ Mr. Heinemann) .)) (TOP (S (S (NP-SBJ (NP (NP Time 's) rivals news-weeklies) , (NP (NP (NP Washington Post Co. 's) Newsweek) and (NP U.S. News & World Report)) ,) (VP are (ADJP-PRD less reliant (PP on (NP electronic giveaways))))) , and (S (PP-TMP in (NP recent years)) (NP-SBJ both) (VP have (VP been (VP increasing (NP their circulation rate bases))))) .)) (TOP (S (NP-SBJ-1 Both magazines) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP announce (NP (NP their (NX (NX ad rates) and (NX circulation levels))) (PP for (NP 1990))) (PP-TMP within (NP a month))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ (NP the news) (PP *ICH*-1)) (VP broke (PP-1 of (NP (NP an attempted coup) (PP-LOC in (NP Panama)))) (ADVP-TMP (NP two weeks) ago) (ADVP-TMP *T*-2)))) , (NP-SBJ Sen. Christopher Dodd) (VP called (NP the State Department) (PP-PRP for (NP a briefing))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ They) (VP said , ` (S (NP-SBJ *) (VP follow (NP CNN))))) , ' '' (NP-SBJ he) (VP told (NP reporters) (S *T*-1)) .)) (TOP (S (NP-SBJ That) (VP shows (SBAR-NOM (WHADVP-2 how far) (S (NP-SBJ (NP Ted Turner 's) Cable News Network) (VP has (VP come (ADVP *T*-2) (PP-TMP since (NP (NP its birth) (ADVP-TMP (NP nine years) ago) , (SBAR (WHADVP when) (S (NP-SBJ-1 it) (VP was (VP considered (S (NP-SBJ *-1) (NP-PRD (NP the laughingstock) (PP of (NP television news))))))))))))))) .)) (TOP (S (NP-SBJ It) (VP is (ADJP-PRD (ADJP bigger) , (ADJP faster) and (ADJP more profitable) (PP than (NP (NP the news divisions) (PP of (NP (NP any) (PP of (NP the three major broadcast networks)))))))) .)) (TOP (S (NP-SBJ (NP Its niche) (PP as (NP (NP the `` network) (PP of (NP record)) '' (PP-TMP during (NP major crises))))) (VP draws (NP elite audiences) (PP-LOC around (NP the world))) .)) (TOP (S But (PP for (NP all its success)) , (NP-SBJ CNN) (VP has (VP hit (NP a plateau))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ viewership) (VP soars (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ big news) (VP breaks (ADVP-TMP *T*-1))))))) , (NP-SBJ it) (VP ebbs (PP-TMP during (NP (NP periods) (PP of (NP calm))))) .)) (TOP (S (NP-SBJ CNN executives) (VP worry (SBAR that (S (NP-SBJ (NP the network 's) (ADJP punchy but repetitive) news format) (VP (VP may (VP be (VP getting (ADJP-PRD stale)))) and (VP wo n't (VP keep (S (NP-SBJ viewers) (VP coming (ADVP-DIR back) (SBAR-TMP as (S (NP-SBJ (NP the alternatives) (PP *ICH*-1)) (VP multiply (PP-1 for (NP news and information)) (PP-LOC on (NP cable-TV))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Just the fact (SBAR 0 (S (NP-SBJ we) (VP 're (ADJP-PRD on) (NP-TMP 24 hours))))) (VP is (ADVP-TMP no longer) (NP-PRD bulletin))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Ed Turner) , (NP (NP (NP (NP CNN 's) executive vice president) , (NP news gathering)) (PRN -LRB- and (NP (NP no relation) (PP to (NP Ted Turner))) -RRB-))) .)) (TOP (S `` (NP-SBJ You) (VP ca n't (VP live (PP-CLR on (NP that)))) . '')) (TOP (S So (NP-SBJ-2 (NP CNN) , (NP (NP a unit) (PP of (NP Atlanta-based Turner Broadcasting System Inc.))) ,) (VP is (VP trying (S (NP-SBJ *-2) (VP to (VP reposition (NP itself) (PP-CLR as (NP (NP a primary channel) , or (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP people) (PP-LOC in (NP the television industry))) (VP call (S (NP-SBJ *T*-1) (NP-PRD a `` (NAC top (PP of (NP mind))) '' network)))))))))))) .)) (TOP (S (NP-TMP Tonight) , (S-PRP (NP-SBJ *-1) (VP to (VP kick (PRT off) (NP the effort)))) , (NP-SBJ-1 CNN) (VP will (VP premiere (NP (NP its first prime-time newscast) (PP-TMP in (NP years)) , (NP (NP an hourlong show) (PP-TMP at (NP 6 p.m . Eastern time)) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP air (ADVP-MNR head-to-head) (PP against (NP the network newscasts)))))))))) .)) (TOP (S (NP-SBJ-1 The show) (VP will (VP be (VP co-anchored (NP *-1) (PP by (NP-LGS (NP Bernard Shaw) and (NP (NP Catherine Crier) , (NP (NP a 34-year-old former (NX (NX Texas judge) and (NX campus beauty queen))) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP has (ADVP-TMP never) (VP held (NP (NP a job) (PP-LOC in (NP television or journalism)))))))))))))) .)) (TOP (S (NP-SBJ The new show) (VP is (ADVP perhaps) (NP-PRD (NP the boldest) (PP-LOC in (NP (NP a number) (PP of (NP (NP steps) (SBAR (WHNP-1 0) (S (NP-SBJ-2 the network) (VP is (VP taking (NP *T*-1) (S-PRP (NP-SBJ-3 *-2) (VP to (VP build (NP audience loyalty) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP shifting (ADVP-DIR away (PP from (NP its current format))) (PP-DIR toward (NP (NP more full-length `` signature '' programming) (PP with (NP recognizable stars)))))))))))))))))))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP distinguish (NP itself)))) , (NP-SBJ-1 CNN) (VP is (ADVP also) (VP (VP expanding (NP international coverage)) and (VP adding (NP a second global-news program)))) .)) (TOP (S (NP-SBJ-1 It) (VP is (VP paying (NP higher salaries) (PRN -- (PP-TMP after (NP (NP years) (PP of (NP scrimping)))) --) (S-PRP (NP-SBJ *-1) (VP to (VP lure and keep (NP experienced staffers)))))) .)) (TOP (S And (NP-SBJ it) (VP is (VP embarking (PP-CLR on (NP an expensive gamble (S (NP-SBJ *) (VP to (VP break (NP major stories) (PP with (NP a large investigative-reporting team))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ The next stage) (VP is (S-PRD (NP-SBJ-3 *) (VP to (VP get (PP-DIR beyond (NP (NP the opinion leaders) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP use (NP us) (PP-CLR as (NP (NP a point) (PP of (NP reference))))))))) (S-PRP (NP-SBJ *-3) (VP to (VP become (NP-PRD (NP a point) (PP of (NP reference))) (PP-LOC at (NP ordinary dinner tables)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Jon Petrovich) , (NP (NP executive vice president) (PP of (NP (NP Headline News) , (NP (NP CNN 's) sister network))))) .)) (TOP (S But (NP-SBJ that) (VP wo n't (VP be (ADJP-PRD easy))) .)) (TOP (S (NP-SBJ Networks) , (PP like (NP other consumer products)) , (VP develop (NP (NP images) (PP-LOC in (NP (NP peoples ') minds)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are n't (ADJP-PRD easy (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP change (NP *T*-2))))))))))) .)) (TOP (S (NP-SBJ-3 It) (ADVP also) (VP takes (NP (NP money) (SBAR (WHNP-2 that) (S (NP-SBJ-1 CNN) (VP has (VP been (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP spend (NP *T*-2)))))))))) (S-PRP (NP-SBJ *-3) (VP to (VP (VP make (NP programs)) and (VP hire (NP (NP talent) (SBAR (WHNP-4 that) (S (NP-SBJ-5 viewers) (VP will (VP tune (PRT in) (ADVP specially) (S-PRP (NP-SBJ *-5) (VP to (VP see (NP *T*-4)))))))))))))) .)) (TOP (S And (NP-SBJ (NP the cable-TV operators) (PRN -- (NP (NP CNN 's) (NX (NX distributors) and (NX part owners))) --)) (VP like (S (NP-SBJ things) (NP-PRD (NP just the way) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP are (NP-PRD *T*-1))))))) .)) (TOP (S (NP-SBJ-1 The repositioning bid) (VP is (VP aimed (NP *-1) (PP-CLR at (NP (NP (NP CNN 's) unsteady viewership) -- and (SBAR-NOM (WHNP-2 what) (S (NP-SBJ *T*-2) (VP may (VP happen (PP-CLR to (NP it)) (SBAR-TMP as (S (NP-SBJ the cable-TV news market) (VP grows (ADJP-PRD more competitive)))))))))))) .)) (TOP (S (ADVP-TMP Already) , (NP-SBJ CNN) (VP is (VP facing (NP (NP stronger competition) (PP from (NP (NP (NP Financial News Network Inc.) and (NP (NP General Electric Co. 's) Consumer News and Business Channel)) , (SBAR (WHNP-1 (NP both) (WHPP of (WHNP which))) (S (NP-SBJ-2 *T*-1) (VP are (ADJP-PRD likely (S (NP-SBJ *-2) (VP to (VP pursue (NP (ADJP more general) news) (PP-TMP in (NP the future)))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP many cable-TV systems) (NP themselves)) (VP are (VP airing (NP (NP more (ADJP local and regional) news programs) (VP produced (NP *) (PP by (NP-LGS local broadcast stations)))))) .)) (TOP (S (NP-SBJ-1 CNN) (VP wants (S (NP-SBJ *-1) (VP to (VP change (NP (NP its viewers ') habits))))) .)) (TOP (S (NP-SBJ Its watchers) (VP are , (PP on (NP the whole)) , (NP-PRD (NP a disloyal group) (PP of (NP (NP channel-zapping `` grazers '') and (NP news junkies))) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP spend (NP (NP an average) (PP of (NP (NP (QP just 26) minutes) (NP-ADV a day)))) (S (NP-SBJ *-2) (VP watching (NP CNN))) , (PP according (PP to (NP audience research)))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP (QP less than one-third) the time) (SBAR (WHADVP-1 that) (S (NP-SBJ viewers) (VP watch (NP the major broadcast networks) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP The brief attention) (SBAR (WHNP-1 0) (S (NP-SBJ viewers) (VP give (NP CNN) (NP *T*-1))))) (VP could (VP put (NP it) (PP-PUT at (NP a disadvantage)) (SBAR-TMP as (S (NP-SBJ (NP ratings data) , and (NP advertising) ,) (VP become (ADJP-PRD more important (PP to (NP cable-TV channels)))))))) .)) (TOP (S (NP-SBJ-1 (NP CNN 's) viewer habits) (VP have (VP been (VP molded (NP *-1) (PP by (NP-LGS its format))))) .)) (TOP (S (NP-SBJ (NP Its strategy) (PP-TMP in (NP the past))) (VP has (VP been (S-PRD (NP-SBJ *) (VP to (VP serve (PP-CLR as (NP a TV wire service))))))) .)) (TOP (S (NP-SBJ-1 It) (VP focused (PP-CLR on (S-NOM (NP-SBJ *-1) (VP building (PRT up) (NP (NP its news bureaus) (PP-LOC around (NP the world)))))) , (SBAR-PRP so (S (SBAR-TMP as (S (NP-SBJ events) (VP took (NP place)))) (NP-SBJ it) (VP could (VP go (ADJP-PRD live) (ADVP-TMP (ADVP quicker and longer) (PP than (NP other networks)))))))) .)) (TOP (S (S (NP-SBJ It) (VP filled (NP its daily schedule) (PP-CLR with (NP (NP newscasts) (VP called (S (NP-SBJ *) (NP-PRD `` (NP-TTL Daybreak) , '' `` (NP-TTL Daywatch) , '' `` (NP-TTL Newsday) , '' and `` (NP-TTL Newsnight)))))))) , '' but (S (NP-SBJ the shows) (VP varied (NP-EXT little) (PP-LOC in (NP content , personality or look)))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ (NP the push) (PP *ICH*-1)) (VP is (ADJP-PRD on) (PP-1 for (NP more-distinctive shows))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Our goal) (VP is (S-PRD (NP-SBJ *) (VP to (VP create (NP (NP more programs) (PP with (NP an individual identity)))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Paul Amos) , (NP (NP CNN executive vice president) (PP for (NP programming)))) .)) (TOP (SINV (S-TPC-1 (ADVP Accordingly) , (NP-SBJ CNN) (VP is (VP adding (NP (NP a world-affairs show) (PP-TMP in (NP the morning))) (SBAR-PRP because (S (NP-SBJ surveys) (VP show (SBAR 0 (S (NP-SBJ (NP its global-news hour) (PP-TMP in (NP the afternoon))) (VP is (PP-LOC-PRD among (NP its (ADJP most `` differentiated '') programs)) (PP-LOC in (NP (NP viewers ') minds))))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ Mr. Amos) .)) (TOP (S And (NP-SBJ it) (VP is (VP exploring (NP (NP other original programs) , (ADJP similar (PP to (NP (NP its `` (NP-TTL (NP Larry King) (ADJP Live)) '' and `` (NP-TTL Crossfire) '' talk shows)))) , (SBAR (WHNP-1 which) (S (NP-SBJ executives) (VP hope (SBAR 0 (S (NP-SBJ *T*-1) (VP will (VP keep (S (NP-SBJ people) (VP tuned (NP *) (PRT in))))))))))))) .)) (TOP (S Then (NP-SBJ there) (VP 's (NP-PRD `` (NP-TTL (NP The World) (NP-TMP Today)) , '' (NP (NP the prime-time newscast) (VP featuring (NP (NP Mr. Shaw) and (NP Ms. Crier)))))) .)) (TOP (S (PP-TMP Until (NP now)) , (NP-SBJ CNN) (VP has (VP featured (NP its Hollywood gossip show) (PP-TMP during (NP the key evening period)))) .)) (TOP (S (S (S-TPC-2 But (NP-SBJ (NP 70 %) (PP of (NP (NP the cable-television-equipped households) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP watch (NP news))))))) (VP do (ADVP-PRD so) (PP-TMP between (NP (NP 6:30 p.m.) and (NP 7 p.m.))))) , (NP-SBJ the network) (VP discovered (SBAR 0 (S *T*-2)))) , so (S (NP-SBJ CNN) (VP wants (ADVP-CLR in))) .)) (TOP (S (NP-SBJ Mr. Amos) (VP says (SBAR 0 (S (NP-SBJ the Shaw-Crier team) (VP will (ADVP probably) (VP do (NP (NP two live interviews) (NP-ADV a day)) , (PP with (S-NOM (NP-SBJ (NP most) (PP of (NP the program))) , (PP-TMP (ADVP at least) for (NP now)) , (VP appearing (ADJP-PRD similar (PP to (NP (NP CNN 's) other newcasts))))))))))) .)) (TOP (S (NP-SBJ (NP Some) (PP-LOC in (NP the industry))) (VP are (ADJP-PRD skeptical)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP find (S (NP-SBJ (NP it) (S *EXP*-2)) (ADJP-PRD hard) (S-2 (NP-SBJ *) (VP to (VP conceive (PP-CLR of (S-NOM (NP-SBJ people) (VP switching (ADVP-CLR over) (PP-DIR to (NP CNN)) (PP-PRP for (SBAR (WHNP-3 what) , (S (PP-LOC (ADVP at least) in (NP (NP the public 's) mind)) , (NP-SBJ *T*-3) (VP is (NP-PRD the same news)))))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Reuven Frank) , (NP (NP (NP the former two-time president) (PP of (NP NBC News))) and (NP (NP creator) (PP of (NP the Huntley-Brinkley Report))))) .)) (TOP (S (NP-SBJ-1 The evening news) (VP is (ADVP also) (VP slated (NP *-1) (PP-CLR as (NP (NP (NP CNN 's) stage) (PP for (NP (NP its big push) (PP into (NP investigative journalism)))))))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ the network) (VP hired (NP (NP award-winning producer Pamela Hill) , (NP (NP the former head) (PP of (NP news specials)) (PP-LOC at (NP ABC))))) .)) (TOP (S (NP-SBJ She) (VP 's (VP assembling (NP (NP a staff) (PP of (NP (QP about 35) investigative reporters)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP will (VP produce (NP weekly , in-depth segments) , (PP with (NP (NP an eye) (PP toward (S-NOM (NP-SBJ *) (VP breaking (NP big stories))))))))))))) .)) (TOP (S (NP-SBJ CNN executives) (VP hope (SBAR 0 (S (NP-SBJ (NP the headlines) (VP created (NP *) (PP by (NP-LGS such scoops)))) (VP will (VP generate (NP excitement) (PP-PRP for (NP its `` branded '' programs)) , (PP-MNR in (NP (NP the way) (SBAR (WHADVP-1 0) (S `` (NP-TTL-SBJ 60 Minutes) '' (VP did (ADVP-MNR so well) (PP-PRP for (NP CBS)) (ADVP-MNR *T*-1))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP such a departure) (PP from (NP the past)) (SBAR that (S (NP-SBJ (NP many) (PP-LOC in (NP the industry))) (VP are (ADJP-PRD skeptical (SBAR 0 (S (NP-SBJ CNN) (VP will (VP follow (PRT through) (PP-CLR with (NP its investigative commitment)) , (SBAR-TMP (ADVP especially) after (S (NP-SBJ-1 it) (VP sees (NP (NP the cost) (PP of (S-NOM (NP-SBJ *-1) (VP producing (NP in-depth pieces)))))))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ They) (VP 've (ADVP-TMP never) (VP shown (NP any inclination (S (NP-SBJ *) (VP to (VP spend (NP money) (PP-CLR on (NP production))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Michael Mosettig) , (NP (NP a senior producer) (PP with (NP MacNeil-Lehrer NewsHour))) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP notes (SBAR that (S (NP-SBJ CNN) (VP is (ADJP-PRD indispensable (PP to (NP his job)))))))))) .)) (TOP (S (NP-SBJ (NP The network 's) salaries) (VP have (ADVP-TMP always) (VP ranged (PP-LOC (ADVP far) below (NP industry standards)) , (S-ADV (NP-SBJ *) (VP resulting (PP-CLR in (NP a less-experienced work force)))))) .)) (TOP (S (S (NP-SBJ CNN) (ADVP-TMP recently) (VP gave (NP most employees) (NP (NP raises) (PP of (NP (QP as much as 15) %))))) , but (S (NP-SBJ-1 they) (VP 're (ADVP-TMP still) (VP (ADVP-MNR drastically) underpaid (NP *-1) (PP compared (PP with (NP the networks)))))) .)) (TOP (SINV (VP Says (S *ICH*-1)) (NP-SBJ Mr. Mosettig) : `` (S-1 (S (NP-SBJ CNN) (VP is (NP-PRD my wire service))) ; (S (NP-SBJ they) (VP 're (PP-LOC-PRD on (NP (NP top) (PP of (NP everything))))))) .)) (TOP (S But (S-PRP (NP-SBJ *-1) (VP to (VP improve))) , (NP-SBJ-1 they) (VP 've (ADVP really) (VP got (S (NP-SBJ *-1) (VP to (VP make (NP (NP the investment) (PP in (NP people)))))))) . '')) (TOP (S (PP-LOC In (NP any case)) , (NP-SBJ cable-TV-system operators) (VP have (NP (NP reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP fear (NP (NP any tinkering) (PP with (NP (NP CNN 's) format))) (ADVP-PRP *T*-1))))))) .)) (TOP (S (NP-SBJ They) (VP market (NP cable-TV) (PP on (NP (NP the very grazing opportunities) (SBAR (WHNP-2 0) (S (NP-SBJ-1 CNN) (VP seeks (S (NP-SBJ *-1) (VP to (VP discourage (NP *T*-2)))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ We) (VP would (ADVP obviously) (VP be (ADJP-PRD upset) (SBAR-ADV if (S (NP-SBJ (NP those kinds) (PP of (NP services))) (VP evolved (PP-CLR into (NP (ADJP more general-interest) , long-format programming)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Robert Stengel) , (NP (NP senior vice president) , (NP programming) ,) (PP of (NP (NP Continental Cablevision Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP holds (NP (NP a (ADJP 2 %) stake) (PP-LOC in (NP Turner Broadcasting))))))))) .)) (TOP (S (NP-SBJ (NP (NAC The Second U.S. Circuit Court (PP of (NP Appeals))) opinion) (PP-LOC in (NP the Arcadian Phosphate case))) (VP did not (VP repudiate (NP (NP the position) (SBAR (WHNP-1 0) (S (NP-SBJ Pennzoil Co.) (VP took (NP *T*-1) (PP-LOC in (NP (NP its dispute) (PP with (NP Texaco)))))))) , (ADVP contrary (PP to (NP (NP your Sept. 8 article) `` (S-TTL (NP-SBJ Court) (VP Backs (NP (NP Texaco 's) View) (PP-LOC in (NP (NP Pennzoil) Case)) -- (ADVP-TMP Too Late)))))))) . '')) (TOP (S (NP-SBJ (NP The fundamental rule) (PP of (NP contract law)) (VP applied (NP *) (PP-CLR to (NP both cases)))) (VP was (SBAR-PRD that (S (NP-SBJ courts) (VP will not (VP enforce (NP (NP agreements) (SBAR (WHPP-3 to (WHNP which)) (S (NP-SBJ-2 the parties) (VP did not (VP intend (S (NP-SBJ-1 *-2) (VP to (VP be (VP bound (NP *-1) (PP-CLR *T*-3))))))))))))))) .)) (TOP (S (S (PP-LOC In (NP the Pennzoil/Texaco litigation)) , (NP-SBJ the courts) (VP found (SBAR 0 (S (NP-SBJ-3 (NP Pennzoil) and (NP Getty Oil)) (VP intended (S (NP-SBJ-1 *-3) (VP to (VP be (VP bound (NP *-1)))))))))) ; (S (PP-LOC in (NP Arcadian Phosphates)) (NP-SBJ they) (VP found (SBAR 0 (S (NP-SBJ there) (VP was (NP-PRD no intention (S (NP-SBJ-2 *) (VP to (VP be (VP bound (NP *-2))))))))))) .)) (TOP (S (ADVP Admittedly) , (NP-SBJ (NP the principle) (PP-LOC in (NP the cases))) (VP is (NP-PRD the same)) .)) (TOP (S But (NP-SBJ (NP the outcome) (PP of (NP a legal dispute))) (ADVP-TMP almost always) (VP turns (PP-CLR on (NP the facts))) .)) (TOP (S And (NP-SBJ the facts) , (SBAR-ADV as (S (NP-SBJ-1 *) (VP found (NP *-1) (PP by (NP-LGS the various courts)) (PP-LOC in (NP these two lawsuits))))) , (VP were (ADJP-PRD different)) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ you) (VP suggest (ADVP otherwise) (ADVP-TMP *T*-1)))) , (NP-SBJ you) (VP (VP leave (NP (NP the realm) (PP of (NP reporting)))) and (VP enter (NP (NP the orbit) (PP of (NP speculation))))) .)) (TOP (NP Charles F. Vihon)) (TOP (S (NP-SBJ Valley Federal Savings & Loan Association) (VP said (SBAR 0 (S (NP-SBJ-1 (NP Imperial Corp.) (PP of (NP America))) (VP withdrew (PP-CLR from (NP regulators)) (NP its application (S (NP-SBJ *) (VP to (VP buy (NP five Valley Federal branches))))) , (S-ADV (NP-SBJ *-1) (VP leaving (NP the transaction) (PP-LOC-CLR in (NP limbo)))))))) .)) (TOP (S (NP-SBJ The broken purchase) (VP appears (PP-CLR as (NP (NP additional evidence) (PP of (NP (NP trouble) (PP-LOC at (NP (NP Imperial Corp.) , (SBAR (WHNP-1 whose spokesman) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ the company) (VP withdrew (NP its application) (PP-CLR from (NP (NP the federal Office) (PP of (NP Thrift Supervision)))) (PP-PRP because of (NP an informal notice (SBAR that (S (NP-SBJ-2 (NP Imperial 's) thrift unit) (VP failed (S (NP-SBJ *-2) (VP to (VP meet (NP (NP Community Reinvestment Act) requirements)))))))))))))))))))))) .)) (TOP (S (NP-SBJ The Community Reinvestment Act) (VP requires (S (NP-SBJ savings and loan associations) (VP to (VP lend (NP money) (PP in (NP (NP amounts) (ADJP related (PP to (NP (NP areas) (SBAR (WHADVP-2 where) (S (NP-SBJ-1 deposits) (VP are (VP received (NP *-1) (ADVP-LOC *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ-1 The transaction) , (S-ADV (NP-SBJ-2 *-1) (VP announced (NP *-2) (PP-TMP in (NP August)))) , (VP included (NP (NP (QP about $ 146 million) *U*) (PP in (NP (NP deposits) (PP-LOC at (NP (NP the five outlets) (PP-LOC in (NP (NP California 's) San Joaquin Valley)))))))) .)) (TOP (S (S (NP-SBJ-1 Terms) (VP were n't (VP disclosed (NP *-1)))) , but (S (NP-SBJ Valley Federal) (VP had (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP expected (S (NP-SBJ *-2) (VP (VP to (VP post (NP a modest pretax gain))) and (VP to (VP save (NP (NP (QP about $ 2 million) *U*) (PP in (NP operating costs))) (ADVP-TMP annually))))))))))) .)) (TOP (S (NP-SBJ Valley Federal) (VP said (NP-TMP Friday) (SBAR that (S (NP-SBJ-2 it) (VP is (VP considering (SBAR whether (S (NP-SBJ *-2) (VP (VP to (VP seek (NP (NP another buyer) (PP for (NP the branches))))) or (VP to (VP pursue (NP (NP the transaction) (PP with (NP (NP Imperial Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ-3 it) (VP is (VP attempting (S (NP-SBJ *-3) (VP to (VP meet (NP Community Reinvestment Act requirements)))))))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Valley Federal) , (PP with (NP (NP assets) (PP of (NP (QP $ 3.3 billion) *U*)))) ,) (VP is (VP based (NP *-1) (PP-LOC-CLR in (NP Van Nuys)))) .)) (TOP (S (NP-SBJ (NP Imperial Corp.) , (VP based (NP *) (PP-LOC-CLR in (NP San Diego))) ,) (VP is (NP-PRD (NP the parent) (PP of (NP Imperial Savings & Loan)))) .)) (TOP (S (PP-TMP In (NP (NP the first six months) (PP of (NP the year)))) (NP-SBJ it) (VP posted (NP (NP a net loss) (PP of (NP (QP $ 33.1 million) *U*)))) .)) (TOP (S (NP-SBJ *) (VP Call (S (NP-SBJ it) (NP-PRD the `` (S-TTL (NP-SBJ-1 we) (VP 're (ADJP-PRD too broke (S (NP-SBJ *-1) (VP to (VP fight)))))) '' defense))) .)) (TOP (S (NP-SBJ (NP Lawyers) (PP for (NP (NP dozens) (PP of (NP insolvent savings and loan associations))))) (VP are (VP trying (NP a new tack) (PP-LOC in (NP their efforts (S (NP-SBJ *) (VP to (VP defuse (NP (NP suits) (VP filed (NP *) (PP by (NP-LGS borrowers , developers and creditors))))))))))) .)) (TOP (S (NP-SBJ (NP The thrifts ') lawyers) (VP claim (SBAR that (S (NP-SBJ-1 (NP the suits) , (VP numbering (NP 700 to 1,000) (PP-LOC in (NP (NP Texas) (ADVP alone)))) ,) (VP should (VP be (VP dismissed (NP *-1) (PP-CLR as (ADJP moot)) (SBAR-PRP because (S (NP-SBJ neither (NP the S&Ls) nor (NP the extinct Federal Savings and Loan Insurance Corp.)) (VP has (NP (NP the money) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP pay (NP judgments) (ADVP *T*-2))))))))))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ the argument) (VP may (VP have (NP a common-sense ring) (PP-CLR to (NP it)))))) , (NP-SBJ even the S&L lawyers) (VP concede (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD (NP little precedent) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP back (NP their position)))))))))) .)) (TOP (S (ADVP Still) , (S (NP-SBJ one federal appeals court) (VP has (VP signaled (SBAR 0 (S (NP-SBJ-2 it) (VP 's (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP entertain (NP the notion))))))))))) , and (S (NP-SBJ the lawyers) (VP have (VP renewed (NP their arguments) (PP-LOC in (NP (NP (NP Texas) and (NP eight other states)) (SBAR (WHADVP-3 where) (S (NP-SBJ-1 the defense) (VP is (VP permitted (NP *-1) (PP-LOC under (NP state law)) (ADVP-LOC *T*-3)))))))))) .)) (TOP (S (NP-SBJ (NP The dismissal) (PP of (NP the pending suits))) (VP could (VP go (NP a long way) (PP-DIR toward (S-NOM (NP-SBJ *) (VP (VP clearing (NP (NP court dockets) (PP-LOC in (NP Texas)))) and (VP reducing (NP (NP (NP the FSLIC 's) massive legal bills) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP topped (NP (QP $ 73 million) *U*) (NP-TMP last year))))))))))) .)) (TOP (S (NP-SBJ-1 The S&L lawyers) (VP were (VP encouraged (NP *-1) (NP-TMP last month) (PP by (NP-LGS (NP an appellate-court ruling) (PP-LOC in (NP (NP two cases) (VP brought (NP *) (PP-CLR against (NP (NP defunct Sunbelt Savings & Loan Association) (PP of (NP Dallas)))) (PP by (NP-LGS (NP the developers) (PP of (NP (NP the Valley Ranch) , (VP (ADVP-MNR best) known (NP *) (PP-CLR as (NP (NP the training center) (PP for (NP the Dallas Cowboys football team)))))))))))))))) .)) (TOP (S (NP-SBJ Sunbelt) (VP foreclosed (PP-CLR on (NP the ranch))) .)) (TOP (S (NP-SBJ (NP Sunbelt) and (NP the FSLIC)) (VP argued (PP-CLR to (NP (NP the Fifth U.S. Circuit Court) (PP of (NP Appeals)))) `` (SBAR that (S (NP-SBJ there) (VP will (ADVP-TMP never) (VP be (NP-PRD (NP (NP any assets) (SBAR (WHPP-1 with (WHNP which)) (S (NP-SBJ *) (VP to (VP satisfy (NP (NP a judgment) (PP against (NP Sunbelt Savings))) (PP *T*-1)))))) nor (NP (NP any means) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP collect (PP-CLR from (NP (NP any other party) , (PP including (NP FSLIC)))) (ADVP-MNR *T*-2)))))))))))) . '')) (TOP (S-1 `` (SBAR-ADV If (FRAG (ADJP true))) (PRN , '' (S (NP-SBJ the court) (VP wrote (S *T*-1))) ,) `` (NP-SBJ this contention) (VP would (VP justify (NP (NP dismissal) (PP of (NP these actions))) (PP-PRP on (NP prudential grounds)))) . '')) (TOP (S But (NP-SBJ the court) (VP (VP said (SBAR 0 (S (NP-SBJ it) (VP lacked (NP (NP enough financial information) (PP about (NP (NP Sunbelt) and (NP the FSLIC)))))))) and (VP sent (NP the cases) (ADVP-DIR back (PP to (NP (NP federal district court) (PP-LOC in (NP Dallas))))))) .)) (TOP (S (NP-SBJ (NP Charles Haworth) , (NP (NP a lawyer) (PP for (NP Sunbelt))) ,) (VP says (SBAR 0 (S (NP-SBJ-2 he) (VP plans (S (NP-SBJ *-2) (VP to (VP file (NP (NP a brief) (VP *ICH*-3)) (NP-TMP this week) (VP-3 urging (NP-1 the district judge) (S (NP-SBJ *-1) (VP to (VP dismiss (NP the suits)))))))) , (SBAR-PRP because (S (NP-SBJ (NP Sunbelt 's) liabilities) (VP exceeded (NP its assets) (PP-EXT by (NP (QP about $ 2 billion) *U*)) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ federal regulators) (VP closed (NP it) (PP-TMP in (NP August 1988)) (ADVP-TMP *T*-4))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This institution) (VP is (ADJP-PRD just brain dead))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Haworth) , (NP (NP a partner) (PP-LOC in (NP (NP the Dallas office) (PP of (NP (NP Andrews & Kurth) , (NP a Houston law firm))))))) .)) (TOP (S But (NP-SBJ (NP a lawyer) (PP for (NP (NP Triland Investment Group) , (NP (NP the developer) (PP of (NP Valley Ranch))) ,))) (VP dismisses (NP such arguments) (PP-CLR as (NP a `` defense du jour))) . '')) (TOP (S (NP-SBJ (NP Attorney Richard Jackson) (PP of (NP Dallas))) (VP says (SBAR 0 (S (NP-SBJ-1 (NP a judgment) (PP for (NP Triland))) (VP could (VP be (VP satisfied (NP *-1) (PP-MNR in (NP (NP ways) (ADJP other (PP than (NP a monetary award))) , (PP including (NP (NP the reversal) (PP of (NP (NP (NP Sunbelt 's) foreclosure) (PP on (NP Valley Ranch)))))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP 're (VP asking (NP the court) (PP-CLR for (NP (NP a number) (PP of (NP (NP things) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP can (VP grant (NP *T*-1))))))) (PP in (NP (NP addition) (PP to (NP (NP the thrill) (PP of (NP victory))))))))))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S `` (NP-SBJ We) (VP 'd (VP take (NP the Valley Ranch) (ADVP-MNR free and clear) (PP as (NP a booby prize)))) .)) (TOP (S (NP-SBJ-3 (NP Kenneth J. Thygerson) , (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP president) (PP of (NP this thrift holding company)))) (PP-TMP in (NP August)))))) ,) (VP resigned , (S-ADV (NP-SBJ *-3) (VP citing (NP personal reasons)))) .)) (TOP (S (NP-SBJ Mr. Thygerson) (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP (VP had (VP planned (S (NP-SBJ *-1) (VP to (VP travel (PP-DIR between (NP (NP (NP the job) (PP-LOC in (NP Denver))) and (NP his San Diego home)))))))) , but (VP has (VP found (S (NP-SBJ the commute) (ADJP-PRD too difficult (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP continue (NP *T*-2))))))))))))) .)) (TOP (S (NP-SBJ-1 A new president) (VP was n't (VP named (NP *-1))) .)) (TOP (S (NP-SBJ SOUTH AFRICA) (VP FREED (NP (NP (NP the ANC 's) Sisulu) and (NP seven other political prisoners))) .)) (TOP (S (NP-SBJ (NP Thousands) (PP of (NP supporters))) , (S-ADV (NP-SBJ many) (VP brandishing (NP (NP flags) (PP of (NP the outlawed African National Congress))))) , (VP gave (NP the anti-apartheid activists) (NP a tumultuous reception) (PP-TMP upon (NP (NP their return) (PP to (NP (NP black townships) (PP-LOC across (NP the country))))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP (NP those) (VP freed (NP *))))) (VP had (VP spent (NP (QP at least 25) years) (PP-LOC-CLR in (NP prison)))) .)) (TOP (S (NP-SBJ (NP The 77-year-old Sisulu) , (VP sentenced (NP-1 *) (PP-CLR to (NP life)) (PP-TMP in (NP 1964)) (ADVP along (PP with (NP black nationalist Nelson Mandela))) (PP-PRP for (S-NOM (NP-SBJ-2 *-1) (VP plotting (S (NP-SBJ *-2) (VP to (VP overthrow (NP the government)))))))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP equality) (PP for (NP (NP blacks) (PP-LOC in (NP South Africa))))) (VP was (PP-LOC-PRD in (NP reach)))))) .)) (TOP (S (NP-SBJ-1 (NP The releases) , (VP announced (NP *) (NP-TMP last week) (PP by (NP-LGS President de Klerk))) ,) (VP were (VP viewed (NP *-1) (PP-CLR as (NP (NP (NP Pretoria 's) tacit legalization) (PP of (NP the ANC)))))) .)) (TOP (S (NP-SBJ (NP Mandela) , (VP considered (S (NP-SBJ *) (NP-PRD (NP the (ADJP most prominent) leader) (PP of (NP the ANC))))) ,) (VP remains (PP-LOC-PRD in (NP prison))) .)) (TOP (S But (NP-SBJ-1 (NP his release) (PP-TMP within (NP the next few months))) (VP is (VP (ADVP-MNR widely) expected (NP *-1))) .)) (TOP (S (NP-SBJ The Soviet Union) (VP reported (SBAR that (S (S (NP-SBJ-2 (NP (NP thousands) (PP of (NP (NP tons) (PP of (NP goods))))) (VP needed (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP ease (NP (NP widespread shortages) (PP-LOC across (NP the nation)))))))) (VP were (VP piled (NP *-2) (PRT up) (PP-LOC at (NP (NP ports) and (NP rail depots)))))) , and (S (NP-SBJ food shipments) (VP were (VP rotting (PP-PRP because of (NP (NP a lack) (PP of (NP (NP people and equipment) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP move (NP the cargo))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 Strikes and mismanagement) (VP were (VP cited (NP *-1)))) , and (S (NP-SBJ Premier Ryzhkov) (VP warned (PP of `` (NP tough measures)))) . '')) (TOP (S (NP-SBJ Bush) (VP indicated (SBAR 0 (S (NP-SBJ there) (VP might (VP be (NP-PRD `` (NP room) (PP for (NP flexibility)) '' (PP-LOC in (NP (NP a bill) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP allow (NP (NP federal funding) (PP of (NP abortions)) (PP for (NP (NP poor women) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (NP-PRD (NP vicitims) (PP of (NP rape and incest))))))))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP (VP reiterated (NP (NP his opposition) (PP to (NP such funding)))) , but (VP expressed (NP (NP hope) (PP of (NP a compromise))))) .)) (TOP (S (NP-SBJ The president) , (PP-LOC at (NP (NP a news conference) (NP-TMP Friday))) , (ADVP also) (VP renewed (NP (NP a call) (PP for (NP (NP the ouster) (PP of (NP (NP Panama 's) Noriega)))))) .)) (TOP (S (NP-SBJ The White House) (VP said (SBAR 0 (S (NP-SBJ minors) (VP have n't (NP (NP any right) (PP to (NP (NP abortion) (PP without (NP (NP the consent) (PP of (NP their parents))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The administration 's) policy) (VP was (VP stated (NP *-1) (PP-LOC in (NP (NP a friend-of-the-court brief) (VP urging (NP-2 the Supreme Court) (S (NP-SBJ *-2) (VP to (VP give (NP states) (NP (NP more leeway) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP restrict (NP abortions) (ADVP *T*-3)))))))))))))) .)) (TOP (S (NP-SBJ (NP Ten) (PP of (NP (NP the nation 's) governors))) , (ADVP-TMP meanwhile) , (VP called (PP-CLR on (NP-1 the justices)) (S-CLR (NP-SBJ *-1) (VP to (VP reject (NP efforts (S (NP-SBJ *) (VP to (VP limit (NP abortions))))))))) .)) (TOP (S (NP-SBJ The Justice Department) (VP announced (SBAR that (S (NP-SBJ-2 the FBI) (VP has (VP been (VP given (NP *-2) (NP the authority (S (NP-SBJ *) (VP to (VP seize (NP U.S. fugitives) (ADVP-LOC overseas) (PP without (NP (NP the permission) (PP of (NP foreign governments)))))))))))))) .)) (TOP (S (NP-SBJ (NAC Secretary (PP of (NP State))) Baker) (VP emphasized (NP-TMP Friday) (SBAR that (S (NP-SBJ-1 the new policy) (VP would n't (VP be (VP invoked (NP *-1) (PP by (NP-LGS the Bush administration)) (PP without (NP (NP full consideration) (PP of (NP foreign-policy implications)))))))))) .)) (TOP (S (NP-SBJ NASA) (VP pronounced (S (NP-SBJ the space shuttle Atlantis) (ADJP-PRD ready (PP for (NP (NP launch) (NP-TMP tomorrow) (PP-TMP following (NP (NP a five-day postponement) (PP of (NP the flight)) (PP-PRP because of (NP a faulty engine computer))))))))) .)) (TOP (S (NP-SBJ-1 The device) (VP was (VP replaced (NP *-1))) .)) (TOP (S (NP-SBJ-1 (NP The spacecraft 's) five astronauts) (VP are (S (NP-SBJ *-1) (VP to (VP dispatch (NP the Galileo space probe) (PP-CLR on (NP (NP an exploration mission) (PP to (NP Jupiter)))))))) .)) (TOP (S (NP-SBJ (NP South Korea 's) President Roh) (VP traveled (PP-DIR to (NP the U.S.)) (PP-PRP for (NP (NP a five-day visit) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP focus (PP-CLR on (NP (NP ties) (PP between (NP Washington and Seoul)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Roh) , (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP is (VP facing (NP (NP calls) (PP for (NP (NP the reduction) (PP of (NP (NP U.S. military forces) (PP-LOC in (NP South Korea))))))))))) ,) (VP (VP is (S (NP-SBJ *-1) (VP to (VP meet (PP-CLR with (NP Bush)) (NP-TMP tomorrow))))) and (VP is (S (NP-SBJ *-1) (VP to (VP address (NP (NP a joint session) (PP of (NP Congress))) (PP-TMP on (NP Wednesday))))))) .)) (TOP (S (NP-SBJ-1 (NP China 's) Communist leadership) (VP voted (S-CLR (NP-SBJ *-1) (VP to (VP purge (NP the party) (PP-CLR of (NP `` (NP (ADJP hostile and anti-party) elements) '' and (NP (NP wealthy private businessmen) , (SBAR (WHNP-2 whom) (S (NP-SBJ they) (VP called (S (NP-SBJ *T*-2) (NP-PRD exploiters)))))))))))) .)) (TOP (S (NP-SBJ-1 The decision) , (S-ADV (NP-SBJ *-1) (VP reported (NP *) (PP by (NP-LGS the official Xinhua News Agency)))) , (VP indicated (SBAR that (S (NP-SBJ (NP the crackdown) (VP prompted (NP *) (PP by (NP-LGS (NP student-led pro-democracy protests) (PP-TMP in (NP June)))))) (VP is (VP intensifying))))) .)) (TOP (S (NP-SBJ (NP Hundreds) (PP of (NP East Germans))) (VP flocked (PP-DIR to (NP (NP (NP Bonn 's) Embassy) (PP-LOC in (NP Warsaw)))) , (S-ADV (NP-SBJ *) (VP bringing (PP-DIR to (NP (QP more than 1,200))) (NP (NP the number) (PP of (NP emigres)) (VP expected (S (NP-SBJ *) (VP to (VP flee (PP-DIR to (NP the West)) (PP-TMP beginning (NP today)))))))))) .)) (TOP (S (NP-SBJ (QP More than 2,100) others) (VP escaped (PP-DIR to (NP West Germany)) (PP-DIR through (NP Hungary)) (PP-TMP over (NP the Weekend))) .)) (TOP (S (PP-LOC In (NP Leipzig)) , (NP-SBJ-1 activists) (VP vowed (S (NP-SBJ *-1) (VP to (VP continue (NP (NP street protests) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP demand (NP internal change)))))))))) .)) (TOP (S (NP-SBJ (NP Zaire 's) President Mobutu) (VP met (PP-LOC in (NP southern France)) (PP-CLR with (NP (NP Angolan rebel leader Savimbi) and (NP a senior U.S. envoy))) (PP-LOC in (NP a bid (S (NP-SBJ *) (VP to (VP revive (NP (NP an accord) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP end (NP (NP Angola 's) civil war)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Details) (PP of (NP (NP the talks) , (VP described (NP *) (PP by (NP-LGS a Zairean official)) (PP-CLR as `` (ADJP very delicate))) , ''))) (VP were n't (VP disclosed (NP *-1))) .)) (TOP (S (NP-SBJ PLO leader Arafat) (VP insisted (PP-CLR on (NP guarantees (SBAR that (S (NP-SBJ (NP any elections) (PP-LOC in (NP the Israeli-occupied territories))) (VP would (VP be (ADJP-PRD impartial)))))))) .)) (TOP (S (NP-SBJ He) (VP made (NP his remarks) (PP-CLR to (NP (NP a PLO gathering) (PP-LOC in (NP Baghdad))))) .)) (TOP (S (PP-LOC In (NP the occupied lands)) , (NP-SBJ (NP underground leaders) (PP of (NP the Arab uprising))) (VP rejected (NP a U.S. plan (S (NP-SBJ *) (VP to (VP arrange (NP Israeli-Palestinian talks))))) (SBAR-ADV as (S (NP-SBJ Shamir) (VP opposed (S (NP-SBJ *) (VP holding (NP such discussions) (PP-LOC in (NP Cairo)))))))) .)) (TOP (S (NP-SBJ Lebanese Christian lawmakers) (VP presented (PP-CLR to (NP Arab mediators)) (PP-LOC at (NP (NP talks) (PP-LOC in (NP Saudi Arabia)))) (NP (NP proposals) (PP for (NP (NP a new timetable) (PP for (NP (NP the withdrawal) (PP of (NP (NP Syria 's) forces)) (PP from (NP Lebanon)))))))) .)) (TOP (S (NP-SBJ (NP A plan) (ADVP-TMP currently) (PP-LOC under (NP study))) (VP gives (NP Damascus) (NP (NP two years) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP pull (ADVP-DIR back (PP to (NP eastern Lebanon))) (ADVP-TMP *T*-1))))) , (PP-TMP starting (PP from (NP (NP the time) (SBAR (WHADVP-2 0) (S (NP-SBJ (NP Beirut 's) legislature) (VP increases (NP (NP political power) (PP for (NP Moslems))) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ-1 Hurricane Jerry) (VP threatened (S (NP-SBJ-2 *-1) (VP to (VP combine (PP-CLR with (NP (NP the highest tides) (PP of (NP the year)))) (S-CLR (NP-SBJ *-2) (VP to (VP swamp (NP the Texas-Louisiana coast)))))))) .)) (TOP (S (NP-SBJ-1 (NP Thousands) (PP of (NP (NP residents) (PP of (NP low-lying areas))))) (VP were (VP ordered (NP-2 *-1) (S (NP-SBJ *-2) (VP to (VP evacuate))) (SBAR-TMP as (S (NP-SBJ the storm) (VP headed (ADVP-DIR north) (PP-LOC in (NP (NP the Gulf) (PP of (NP Mexico)))) (PP with (NP (ADJP 80 mph) winds))))))) .)) (TOP (S (NP-SBJ (NP A group) (PP of (NP (NP Arby 's) franchisees))) (VP said (SBAR 0 (S (NP-SBJ they) (VP formed (NP (NP an association) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP oppose (NP (NP (NP (NP Miami Beach financier Victor Posner 's)) control) (PP of (NP the restaurant chain)))))))))))) .)) (TOP (S (NP-SBJ The decision) (VP is (NP-PRD (NP the latest move) (PP-LOC in (NP (NP an escalating battle) (PP between (NP (NP the franchisees) and (NP Mr. Posner))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP began (PP-TMP in (NP August))))))))) .)) (TOP (S (PP-TMP At (NP the time)) , (NP-SBJ-2 (NP a group) (VP called (S (NP-SBJ *) (NP-PRD R.B. Partners Ltd.))) , (VP consisting (PP-CLR of (NP (NP eight) (PP of (NP (NP Arby 's) largest franchisees))))) ,) (VP offered (NP (QP more than $ 200 million) *U*) (S-CLR (NP-SBJ *-2) (VP to (VP buy (NP (NP (NP Arby 's) Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP part) (PP of (NP DWG Corp))))))))))) .)) (TOP (S (NP-SBJ DWG) (VP is (NP-PRD (NP a holding company) (VP controlled (NP *) (PP by (NP-LGS Mr. Posner))))) .)) (TOP (S (ADVP-TMP (NP One week) later) , (NP-SBJ-1 (NP Leonard H. Roberts) , (NP (NP (NP president) and (NP chief executive officer)) (PP of (NP Arby 's))) ,) (VP was (VP fired (NP *-1) (PP-LOC in (NP (NP a dispute) (PP with (NP Mr. Posner)))))) .)) (TOP (S (NP-TMP Friday) , (NP-SBJ 42 franchisees) (VP announced (NP (NP the formation) (PP of (NP (NP an association) (PRN -- (VP called (S (NP-SBJ *) (NP-PRD A.P. Association Inc.))) --) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to `` (VP preserve (NP (NP the integrity) (PP of (NP (NP the Arby 's) system))))))))))) . '')) (TOP (S (NP-SBJ (NP The franchisees) , (NP (NP (NP owners) or (NP operators)) (PP of (NP (NP 1,000) (PP of (NP (NP the 1,900 franchised Arby 's) (PP-LOC in (NP the U.S.))))))) ,) (VP said : (SBAR 0 `` (S (NP-SBJ We) (VP have (VP concluded (SBAR that (S (NP-SBJ (NP continued control) (PP of (NP Arby 's)) (PP by (NP Victor Posner))) (VP is (ADJP-PRD totally unacceptable (PP to (NP us))) , (SBAR-PRP because (S (NP-SBJ-1 it) (VP is (ADJP-PRD extremely likely (S (NP-SBJ *-1) (VP to (VP cause (NP (NP irreparable damage) (PP to (NP (NP the Arby 's) system)))))))))))))))))) .)) (TOP (S (NP-SBJ We) (VP support (NP all efforts (S (NP-SBJ *) (VP to (VP remove (NP Victor Posner) (PP-CLR from (NP (NP control) (PP of (NP (NP (NP Arby 's) Inc.) and (NP (NP the Arby 's) system)))))))))) . '')) (TOP (S (NP-SBJ The group) (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP consider , (PP-LOC among (NP other things)) , (S (NP-SBJ *) (VP (VP withholding (NP royalty payments)) and (VP initiating (NP (NP a class-action lawsuit) (VP seeking (NP (NP court approval) (PP for (NP the withholdings))))))))))))) .)) (TOP (S (PP-LOC In (NP Florida)) , (NP-SBJ (NP Renee Mottram) , (NP (NP a senior vice president) (PP-LOC at (NP DWG))) ,) (VP responded : (SBAR 0 `` (S (NP-SBJ We) (VP do n't (VP think (SBAR 0 (S (NP-SBJ any individual or group) (VP should (VP (VP disrupt (NP a winning system)) or (VP (ADVP-MNR illegally) interfere (PP-CLR with (NP existing contractual relationships))) (PP-PRP for (NP their own self-serving motives))))))))))) .)) (TOP (S (S (NP-SBJ (NP (NP September 's) steep rise) (PP-LOC in (NP producer prices))) (VP shows (SBAR that (S (NP-SBJ inflation) (ADVP-TMP still) (VP persists))))) , and (S (NP-SBJ (NP the pessimism) (PP over (NP interest rates)) (VP caused (NP *) (PP by (NP-LGS the new price data)))) (VP contributed (PP-CLR to (NP (NP (NP the stock market 's) plunge) (NP-TMP Friday))))) .)) (TOP (S-3 (PP-TMP After (S-NOM (NP-SBJ *-1) (VP falling (PP-TMP for (NP three consecutive months))))) , (NP-SBJ-1 (NP the producer price index) (PP for (NP finished goods))) (VP shot (ADVP-DIR up) (NP-EXT 0.9 %) (NP-TMP last month) (PRN , (S (NP-SBJ the Labor Department) (VP reported (SBAR 0 (S *T*-3)) (NP-TMP Friday))) ,) (SBAR-TMP as (S (NP-SBJ-2 energy prices) (VP jumped (PP-TMP after (S-NOM (NP-SBJ *-2) (VP tumbling (PP-TMP through (NP the summer))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ (NP the report) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP released (NP *-1) (SBAR-TMP before (S (NP-SBJ the stock market) (VP opened))))))) ,) (VP did n't (VP trigger (NP (NP the 190.58-point drop) (PP-LOC in (NP the Dow Jones Industrial Average))))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S (NP-SBJ it) (VP did (VP play (NP a role) (PP-LOC in (NP (NP the market 's) decline))))))) .)) (TOP (S (NP-SBJ Analysts) (ADVP-TMP immediately) (VP viewed (NP (NP the price data) , (NP (NP the grimmest inflation news) (PP-TMP in (NP months))) ,) (PP-CLR as (NP evidence (SBAR that (S (NP-SBJ-1 the Federal Reserve) (VP was (ADJP-PRD unlikely (S (NP-SBJ *-1) (VP to (VP allow (S (NP-SBJ interest rates) (VP to (VP fall))) (SBAR-ADV as (S (NP-SBJ many investors) (VP had (VP hoped (SBAR 0 (S *?*)))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (ADVP Further) (VP fueling (NP the belief (SBAR that (S (NP-SBJ (NP pressures) (PP-LOC in (NP the economy))) (VP were (ADJP-PRD sufficient (S (NP-SBJ *) (VP to (VP keep (NP-1 the Fed) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP easing (NP credit)))))))))))))) , (NP-SBJ-2 the Commerce Department) (VP reported (NP-TMP Friday) (SBAR that (S (NP-SBJ retail sales) (VP grew (NP-EXT 0.5 %) (PP-TMP in (NP September)) , (PP-DIR to (NP (QP $ 145.21 billion) *U*)))))) .)) (TOP (S (NP-SBJ That rise) (VP (VP came (PP-LOC on (NP (NP top) (PP of (NP (NP a (ADJP 0.7 %) gain) (PP-TMP in (NP August))))))) , and (VP suggested (SBAR 0 (S (NP-SBJ there) (VP is (ADVP-TMP still) (NP-PRD (NP healthy consumer demand) (PP-LOC in (NP the economy)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ (NP the Friday report) , (PP combined (PP with (NP (NP the actions) (PP of (NP the Fed))))) ,) (VP weakened (NP the belief (SBAR that (S (NP-SBJ-2 there) (VP was (VP going (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP an imminent easing) (PP of (NP monetary policy)))))))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Robert Dederick) , (NP (NP chief economist) (PP-LOC at (NP (NP Northern Trust Co.) (PP-LOC in (NP Chicago)))))) .)) (TOP (S But (NP-SBJ economists) (VP were (ADJP-PRD divided) (PP over (NP (NP the extent) (PP of (NP (NP the inflation threat) (VP signaled (NP *) (PP by (NP-LGS the new numbers)))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ The overall (ADJP 0.9 %) increase) (VP is (ADJP-PRD serious) (PP in (NP itself)))) , but (S (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD even worse)))) (VP is (SBAR-PRD that (S (PP excluding (NP food and energy)) , (NP-SBJ the producer price index) (ADVP-TMP still) (VP increased (PP-EXT by (NP 0.7 %)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Gordon Richards) , (NP (NP an economist) (PP-LOC at (NP (NP the National Association) (PP of (NP Manufacturers)))))) .)) (TOP (S But (NP-SBJ (NP Sung Won Sohn) , (NP (NP chief economist) (PP-LOC at (NP (NP Norwest Corp.) (PP-LOC in (NP Minneapolis))))) ,) (VP blamed (NP (NP rising energy prices) and (NP (NP the annual autumn increase) (PP-LOC in (NP car prices)))) (PP-CLR for (NP (NP most) (PP of (NP the September jump))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP would (VP say (SBAR 0 (S (S (NP-SBJ this) (VP is not (NP-PRD bad news))) ; (S (NP-SBJ this) (VP is (NP-PRD a blip)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ The core rate) (VP is not (ADVP really) (ADVP-LOC-PRD out (PP of (NP line)))) . '')) (TOP (S (NP-TMP All year) , (NP-SBJ energy prices) (VP have (VP skewed (NP (NP the producer price index) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP measures (NP (NP changes) (PP-LOC in (NP (NP the prices) (SBAR (WHNP-2 0) (S (NP-SBJ producers) (VP receive (NP *T*-2) (PP-PRP for (NP goods)))))))))))))) .)) (TOP (S (NP-SBJ Inflation) (ADVP unquestionably) (VP has (VP fallen (ADVP-DIR back (PP from (NP (NP its torrid pace) (NP-TMP (NP last winter) , (SBAR (WHADVP-1 when) (S (NP-SBJ (NP a steep run-up) (PP-LOC in (NP world oil prices))) (VP sent (S (NP-SBJ the index) (VP surging (PP at (NP double-digit annual rates)))) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (NP-SBJ Energy prices) (ADVP-TMP then) (VP plummeted (PP-TMP through (NP the summer)) , (S-ADV (NP-SBJ *) (VP causing (S (NP-SBJ the index) (VP to (VP decline (PP-TMP for (NP three consecutive months)))))))) .)) (TOP (S (S-TPC-1 (ADVP Overall) , (NP-SBJ the index) (VP has (VP climbed (PP at (NP a (ADJP 5.1 %) compound annual rate)) (PP-TMP since (NP (NP the start) (PP of (NP the year))))))) , (NP-SBJ the Labor Department) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ *) (ADJP-PRD (ADJP far more restrained) (PP than (NP (NP the pace) (PP-TMP at (NP (NP the beginning) (PP of (NP the year))))))))) , (NP-SBJ that) (VP is (ADVP-TMP still) (NP-PRD (NP a steeper rise) (PP than (NP (NP the (ADJP 4.0 %) increase) (PP for (NP (NP all) (PP of (NP 1988)))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ (NP this year 's) good inflation news) (VP may (VP have (VP ended (NP-TMP (NP last month) , (SBAR (WHADVP-1 when) (S (NP-SBJ-2 energy prices) (VP zoomed (ADVP-DIR up) (NP-EXT 6.5 %) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP plunging (NP-EXT 7.3 %) (PP-TMP in (NP August))))) (ADVP-TMP *T*-1)))))))) .)) (TOP (S (NP-SBJ Some analysts) (VP expect (S (NP-SBJ oil prices) (VP to (VP remain (ADJP-PRD relatively stable) (PP-TMP in (NP (NP the months) (ADVP-LOC ahead))) , (S-ADV (NP-SBJ *) (VP leaving (S (NP-SBJ (NP the future pace) (PP of (NP inflation))) (ADJP-PRD uncertain)))))))) .)) (TOP (S (S (NP-SBJ Analysts) (VP had (VP expected (SBAR that (S (NP-SBJ (NP the climb) (PP-LOC in (NP oil prices)) (NP-TMP last month)) (VP would (VP lead (PP-DIR to (NP (NP a substantial rise) (PP-LOC in (NP the producer price index))))))))))) , but (S (NP-SBJ the (ADJP 0.9 %) climb) (VP was (ADJP-PRD (ADJP higher) (SBAR than (S (NP-SBJ most) (VP anticipated (SBAR 0 (S *?*)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-2 (NP the resurgence) (PRN -LCB- (PP-LOC in (NP inflation)) -RCB-)) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP continue (PP-TMP for (NP a few months))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP John Mueller) , (NP (NP chief economist) (PP-LOC at (NP (NP Bell Mueller Cannon) , (NP a Washington economic forecasting firm))))) .)) (TOP (S (NP-SBJ-1 He) (VP predicted (SBAR 0 (S (NP-SBJ that inflation) (VP will (VP moderate (NP-TMP next year))))) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR that (S (NP-SBJ credit conditions) (VP are (ADJP-PRD fairly tight) (ADVP-LOC world-wide))))))) .)) (TOP (S But (NP-SBJ (NP Dirk Van Dongen) , (NP (NP president) (PP of (NP (NP the National Association) (PP of (NP Wholesaler-Distributors))))) ,) (VP said (SBAR that (S (NP-SBJ (NP last month 's) rise) `` (VP is n't (NP-PRD (NP as bad an omen) '' (SBAR as (S (NP-SBJ the (ADJP 0.9 %) figure) (VP suggests (SBAR 0 (S *?*)))))))))) .)) (TOP (S `` (S-TPC-2 (SBAR-ADV If (S (NP-SBJ you) (VP examine (NP the data) (ADVP-MNR carefully)))) , (NP-SBJ-1 the increase) (VP is (VP concentrated (NP *-1) (PP-LOC-CLR in (NP (NP energy and motor vehicle prices) , (PP rather than (S-NOM (NP-SBJ *) (VP being (NP-PRD (NP a broad-based advance) (PP-LOC in (NP (NP the prices) (PP of (NP (UCP consumer and industrial) goods))))))))))))) , '' (NP-SBJ he) (VP explained (S *T*-2)) .)) (TOP (S (NP-SBJ-1 Passenger car prices) (VP jumped (NP-EXT 3.8 %) (PP-TMP in (NP September)) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP (VP climbing (NP-EXT 0.5 %) (PP-TMP in (NP August))) and (VP declining (PP-TMP in (NP the (NX (NX late spring) and (NX summer))))))))) .)) (TOP (S (NP-SBJ Many analysts) (VP said (SBAR 0 (S (NP-SBJ-1 the September increase) (VP was (NP-PRD a one-time event) , (S-ADV (NP-SBJ *-1) (VP coming (SBAR-TMP as (S (NP-SBJ dealers) (VP introduced (NP their 1990 models)))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ-1 all the price data) (VP were (VP adjusted (NP *-1) (PP-CLR for (NP normal seasonal fluctuations)))))) , (NP-SBJ car prices) (VP rose (PP-DIR beyond (NP the customary autumn increase))) .)) (TOP (S (NP-SBJ (NP Prices) (PP for (NP capital equipment))) (VP rose (NP-EXT a hefty 1.1 %) (PP-TMP in (NP September)) , (SBAR-ADV while (S (NP-SBJ (NP prices) (PP for (NP home electronic equipment))) (VP fell (NP-EXT 1.1 %))))) .)) (TOP (S (NP-SBJ-1 Food prices) (VP declined (NP-EXT 0.6 %) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP climbing (NP-EXT 0.3 %) (PP-TMP in (NP August)))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ the retail sales report) (VP showed (SBAR that (S (NP-SBJ car sales) (VP rose (NP-EXT 0.8 %) (PP-TMP in (NP September)) (PP-DIR to (NP (QP $ 32.82 billion) *U*)))))) .)) (TOP (S (S-TPC-1 But (NP-SBJ (NP (ADVP at least) part) (PP of (NP the increase))) (VP could (VP have (VP come (PP-DIR from (NP higher prices)))))) , (NP-SBJ analysts) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 (NP Sales) (PP-LOC at (NP general merchandise stores))) (VP rose (NP-EXT 1.7 %) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP declining (NP-EXT 0.6 %) (PP-TMP in (NP August))))) , (SBAR-ADV while (S (NP-SBJ-2 (NP sales) (PP of (NP building materials))) (VP fell (NP-EXT 1.8 %) (PP-TMP after (S-NOM (NP-SBJ *-2) (VP rising (NP-EXT 1.7 %)))))))) .)) (TOP (S (NP-SBJ-1 (NP Producer prices) (PP for (NP intermediate goods))) (VP grew (NP-EXT 0.4 %) (PP-TMP in (NP September)) , (PP-TMP after (S-NOM (NP-SBJ *-1) (VP dropping (PP-TMP for (NP three consecutive months)))))) .)) (TOP (S (NP-SBJ-1 (NP Prices) (PP for (NP (NP crude goods) , (NP (NP an array) (PP of (NP raw materials))) ,))) (VP jumped (NP-EXT 1.1 %) (PP-TMP after (S-NOM (NP-SBJ *-1) (VP (VP declining (NP-EXT 1.9 %) (PP-TMP in (NP August))) and (VP edging (PRT up) (NP-EXT 0.2 %) (PP-TMP in (NP July))))))) .)) (TOP (S (ADVP-LOC-PRD-TPC-1 Here) (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP (NP (NP the Labor Department 's) producer price indexes) (PRN -LRB- (S (NP-SBJ 1982) (VP = (NP 100))) -RRB-) (PP for (NP September)) , (PP-TMP before (NP seasonal adjustment))) , and (NP (NP the percentage changes) (PP from (NP September , 1988)))) .)) (TOP (S (NP-SBJ CityFed Financial Corp.) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP a loss) (PP of (NP (QP at least $ 125 million to $ 150 million) *U*)) (PP for (NP the third quarter)))))))))) .)) (TOP (S (PP-TMP In (NP the year-earlier period)) , (NP-SBJ CityFed) (VP had (NP (NP (NP net income) (PP of (NP $ 485,000 *U*))) , but (NP no per-share earnings))) .)) (TOP (S (NP-SBJ (NP (NP CityFed 's) (NX (NX president) and (NX chief executive officer))) , (NP John Atherton) ,) (VP said (SBAR 0 (S (NP-SBJ the loss) (VP stems (PP-CLR from (NP several factors)))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ nonperforming assets) (VP rose (PP-DIR to (NP (QP slightly more than $ 700 million) *U*)) (PP-DIR from (NP (QP $ 516 million) *U*)) (PP-TMP between (NP June and September)))))) .)) (TOP (S (NP-SBJ (NP (QP Approximately 85) %) (PP of (NP the total))) (VP consisted (PP-CLR of (NP nonperforming commercial real estate assets))) .)) (TOP (S (ADVP Accordingly) , (NP-SBJ CityFed) (VP estimated (SBAR that (S (NP-SBJ it) (VP will (VP provide (NP (QP between $ 85 million and $ 110 million) *U*) (PP-PRP for (NP (NP credit losses) (PP-TMP in (NP the third quarter))))))))) .)) (TOP (S (NP-SBJ-1 CityFed) (VP added (SBAR that (S (NP-SBJ significant additional loan-loss provisions) (VP may (VP be (VP required (NP *-1) (PP by (NP-LGS federal regulators)) (PP as (NP (NP part) (PP of (NP (NP the current annual examination) (PP of (NP (NP City Federal Savings Bank) , (NP (NP CityFed 's) primary subsidiary) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Somerset) , (NP N.J)))))))))))))))) .)) (TOP (S (NP-SBJ City Federal) (VP operates (NP (NP 105 banking offices) (PP-LOC in (NP (NP New Jersey) and (NP Florida))))) .)) (TOP (S (NP-SBJ Mr. Atherton) (VP said (SBAR 0 (S (NP-SBJ CityFed) (VP will (ADVP also) (VP mark (NP (NP its portfolio) (PP of (NP high-yield corporate bonds))) (PP-CLR to (NP market)) (PP-PRP as (NP (NP a result) (PP of (NP (NP federal legislation) (VP requiring (SBAR that (S (NP-SBJ savings institutions) (VP divest (NP themselves) (PP-CLR of (NP such bonds))))))))))))))) .)) (TOP (S-1 (NP-SBJ That action) (PRN , (S (NP-SBJ CityFed) (VP said (SBAR 0 (S *T*-1)))) ,) (VP will (VP result (PP-CLR in (NP (NP a charge) (PP against (NP third-quarter results)) (PP of (NP (QP approximately $ 30 million) *U*)))))) .)) (TOP (S (NP-SBJ CityFed) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP (VP expects (S (NP-SBJ *-1) (VP to (VP shed (NP (NP its remaining mortgage loan origination operations) (PP-LOC outside (NP (NP its principal markets) (PP-LOC in (NP (NP New Jersey) and (NP Florida)))))))))) and , (VP (PP-PRP as (NP a result)) , is (VP taking (NP (NP a charge) (PP for (NP discontinued operations))))))))) .)) (TOP (S-1 (NP-SBJ All these actions) (PRN , (S (NP-SBJ Mr. Atherton) (VP said (SBAR 0 (S *T*-1)))) ,) (VP will (VP result (PP-CLR in (NP (NP a loss) (PP of (NP (NP (QP $ 125 million) *U*) to (NP (QP $ 150 million) *U*))) (PP for (NP the third quarter)))))) .)) (TOP (S (NP-SBJ He) (VP added , (ADVP however) : (SBAR 0 `` (S (PP Depending (PP on (NP (NP (NP the resolution) (PP of (NP (NP certain accounting issues) (VP relating (PP-CLR to (NP mortgages servicing)))))) and (NP (NP the outcome) (PP of (NP (NP the annual examination) (PP of (NP City Federal)) (PP (ADVP-TMP currently) in (NP progress)))) (PP with (NP (NP respect) (PP to (NP (NP the appropriate level) (PP of (NP loan loss reserves)))))))))) , (NP-SBJ (NP the total loss) (PP for (NP the quarter))) (VP could (VP (ADVP-MNR significantly) exceed (NP this range)))))) .)) (TOP (S (NP-SBJ CenTrust Savings Bank) (VP said (SBAR 0 (S (NP-SBJ federal thrift regulators) (VP ordered (NP-1 it) (S (NP-SBJ *-1) (VP to (VP suspend (NP (NP dividend payments) (PP on (NP (NP its two classes) (PP of (NP preferred stock))))))))))) , (S-ADV (NP-SBJ *) (VP indicating (SBAR that (S (NP-SBJ (NP (NP regulators ') concerns) (PP about (NP the troubled institution))) (VP have (VP heightened))))))) .)) (TOP (S (PP-LOC In (NP a statement)) , (NP-SBJ Miami-based CenTrust) (VP said (SBAR 0 (S (NP-SBJ-1 the regulators) (VP cited (NP (NP (NP the thrift 's) operating losses) and (NP `` (NP apparent losses) '' (PP-LOC in (NP its junk-bond portfolio)))) (PP in (S-NOM (NP-SBJ *-1) (VP ordering (NP (NP the suspension) (PP of (NP the dividends)))))))))) .)) (TOP (S (NP-SBJ Regulators) (ADVP also) (VP ordered (NP-1 CenTrust) (S (NP-SBJ-2 *-1) (VP to (VP stop (S (NP-SBJ *-2) (VP buying (PRT back) (NP the preferred stock))))))) .)) (TOP (S (NP-SBJ-2 (NP David L. Paul) , (NP (NP chairman) and (NP chief executive officer)) ,) (VP criticized (NP (NP (NP the federal Office) (PP of (NP Thrift Supervision))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP issued (NP the directive))))) , (S-ADV (NP-SBJ *-2) (VP saying (SBAR 0 (S (NP-SBJ it) (VP was (UCP-PRD `` (ADJP inappropriate) '' and (PP based (PP on (NP `` insufficient '' reasons)))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 the thrift) (VP will (VP try (S (NP-SBJ *-1) (VP to (VP get (S (NP-SBJ regulators) (VP to (VP reverse (NP the decision)))))))))))) .)) (TOP (S (NP-SBJ (NP The suspension) (PP of (NP a preferred stock dividend))) (VP is (NP-PRD (NP a serious step) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP signals (SBAR that (S (NP-SBJ regulators) (VP have (NP (NP deep concerns) (PP about (NP (NP an institution 's) health))))))))))) .)) (TOP (S (PP-TMP In (NP March)) , (NP-SBJ regulators) (VP labeled (S (NP-SBJ CenTrust) (NP-PRD a `` troubled institution)) , '' (PP-PRP (ADVP largely) because of (NP (NP its big junk-bond holdings) and (NP its operating losses)))) .)) (TOP (S (PP-TMP In (NP the same month)) , (NP-SBJ (NP the Office) (PP of (NP Thrift Supervision))) (VP ordered (NP-1 the institution) (S (NP-SBJ-2 *-1) (VP to (VP stop (S (NP-SBJ *-2) (VP paying (NP common stock dividends))) (SBAR-TMP until (S (NP-SBJ its operations) (VP were (PP-LOC-PRD on (NP track))))))))) .)) (TOP (S (PP For (NP (NP the nine months) (VP ended (NP-TMP June 30)))) , (NP-SBJ CenTrust) (VP had (NP (NP a net loss) (PP of (NP (QP $ 21.3 million) *U*))) , (PP compared (PP with (NP (NP year-earlier net income) (PP of (NP (QP $ 52.8 million) *U*)))))) .)) (TOP (S (NP-SBJ (NP CenTrust) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (NP-PRD (NP Florida 's) largest thrift)))) ,) (VP holds (NP (NP one) (PP of (NP (NP the largest junk-bond portfolios) (PP of (NP (NP any thrift) (PP-LOC in (NP the nation)))))))) .)) (TOP (S (PP-TMP Since (NP April)) , (NP-SBJ it) (VP has (VP pared (NP its high-yield bond holdings) (PP-CLR to (NP (QP about $ 890 million) *U*)) (PP-CLR from (NP (QP $ 1.35 billion) *U*)))) .)) (TOP (S (NP-SBJ Mr. Paul) (VP said (SBAR 0 (S (NP-SBJ (NP (QP only about $ 150 million) *U*) (PP of (NP the current holdings))) (VP are (NP-PRD (NP tradeable securities) (VP registered (NP *) (PP-CLR with (NP the Securities and Exchange Commission)))))))) .)) (TOP (S-1 (NP-SBJ The remainder) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) ,) (VP are (NP-PRD (NP (NP commercial loan participations) , or (NP private placements) ,) (SBAR-2 (WHNP-3 that) (S (NP-SBJ-4 *T*-3) (VP (VP are n't (VP filed (NP *-4) (PP-CLR with (NP the SEC)))) and (VP do n't (VP have (NP a ready market)))))))) .)) (TOP (S (NP-SBJ CenTrust and regulators) (VP have (VP been (PP-LOC-PRD in (NP (NP a dispute) (PP over (NP (NP market valuations) (PP for (NP the junk bonds)))))))) .)) (TOP (S (S (NP-SBJ (NP The Office) (PP of (NP Thrift Supervision))) (VP has (VP been (VP hounding (NP-1 CenTrust) (S (NP-SBJ *-1) (VP to (VP provide (NP current market values) (PP for (NP its holdings))))))))) , but (S (NP-SBJ CenTrust) (VP has (VP said (SBAR 0 (S (NP-SBJ it) (VP ca n't (ADVP easily) (VP obtain (NP such values))) (PP-PRP because of (NP the (NX (NX (NX relative illiquidity) (PP of (NP the bonds))) and (NX (NX lack) (PP of (NP a ready market))))))))))) .)) (TOP (S (NP-SBJ Regulators) (VP have (VP become (ADJP-PRD increasingly antsy (PP about (NP (NP (NP CenTrust 's) and (NP other thrifts ')) junk-bond holdings))) (PP in (NP (NP light) (PP of (NP (NP the recent federal thrift bailout legislation) and (NP (NP the recent deep decline) (PP-LOC in (NP the junk-bond market))))))))) .)) (TOP (S (NP-SBJ The legislation) (VP requires (S (NP-SBJ thrifts) (VP to (VP divest (NP themselves) (PP-CLR of (NP junk bonds)) (PP-LOC in (NP the new , somber regulatory climate)))))) .)) (TOP (S (PP-LOC In (NP American Stock Exchange composite trading)) (NP-TMP Friday) , (NP-SBJ CenTrust common shares) (VP closed (PP-CLR at (NP $ 3 *U*)) , (ADVP down (NP 12.5 cents))) .)) (TOP (S (PP-LOC In (NP a statement)) (NP-TMP Friday) , (NP-SBJ-2 Mr. Paul) (VP challenged (NP (NP the regulators ') decision) , (S-ADV (NP-SBJ *-2) (VP saying (SBAR 0 (S (NP-SBJ-1 (NP the thrift 's) (NX (NX operating losses) and (NX `` (ADJP apparent) '' junk-bond losses))) `` (VP have (VP been (VP (ADVP-MNR substantially) offset (NP *-1) (PP by (NP-LGS (NP gains) (PP-LOC in (NP (NP other activities) (PP of (NP the bank)))))))))))))) . '')) (TOP (S (NP-SBJ He) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ-1 substantial reserves) (VP have (VP been (VP set (NP *-1) (PRT aside) (PP-PRP for (NP (NP possible losses) (PP from (NP the junk bonds)))))))))) .)) (TOP (S (PP-TMP In (NP the third quarter)) , (PP for (NP instance)) , (NP-SBJ CenTrust) (VP added (NP (QP $ 22.5 million) *U*) (PP-CLR to (NP its general reserves))) .)) (TOP (S (NP-SBJ Mr. Paul) (VP said (SBAR 0 (S (NP-SBJ-1 the regulators) (VP should (ADVP instead) (VP move (ADVP-DIR ahead) (PP-CLR with (S-NOM (NP-SBJ *-1) (VP approving (NP (NP CenTrust 's) request (S (NP-SBJ *) (VP to (VP sell (NP (NP 63) (PP of (NP its 71 branches))) (PP-DTV to (NP (NP Great Western Bank) , (NP (NP a unit) (PP of (NP Great Western Financial Corp.))) (VP based (NP *) (PP-LOC-CLR in (NP (NP Beverly Hills) , (NP Calif)))))))))))))))))) .)) (TOP (S (NP-SBJ The branch sale) (VP is (NP-PRD (NP the centerpiece) (PP of (NP (NP CenTrust 's) strategy (S (NP-SBJ *) (VP to (VP transform (NP itself) (PP-CLR into (NP a traditional S&L)) (PP-CLR from (NP (NP a high-flying institution) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP relied (ADVP-MNR heavily) (PP-CLR on (NP securities trading)) (PP-PRP for (NP profits))))))))))))) , (PP according (PP to (NP Mr. Paul)))) .)) (TOP (S (NP-SBJ Most (NX (NX analysts) and (NX thrift executives))) (VP had (VP expected (NP (NP a decision) (PP on (NP (NP the proposed transaction) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP announced (NP *-1) (PP-TMP in (NP July))))))))) , (PP-TMP (ADVP long) before (NP now)))) .)) (TOP (S (NP-SBJ Many) (VP interpret (NP the delay) (PP-CLR as (NP an indication (SBAR that (S (NP-SBJ regulators) (VP are (ADJP-PRD skeptical (PP about (NP the proposal))))))))) .)) (TOP (S (NP-SBJ-1 Branches and deposits) (VP can (VP be (VP sold (NP *-1) (PP at (NP a premium)) (PP in (NP the event (SBAR 0 (S (NP-SBJ federal regulators) (VP take (PRT over) (NP an institution))))))))) .)) (TOP (S (NP-SBJ-1 CenTrust) , (ADVP however) , (VP touts (NP the branch sale) , (S-ADV (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ it) (VP would (VP (VP bring (ADVP-DIR in) (NP (QP $ 150 million) *U*)) and (VP reduce (NP (NP the thrift 's) assets) (PP-CLR to (NP (QP $ 6.7 billion) *U*)) (PP-CLR from (NP (QP $ 9 billion) *U*)))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ-1 the sale) (VP would (VP give (NP it) (NP (NP positive tangible capital) (PP of (NP (NP (QP $ 82 million) *U*) , or (NP (NP (QP about 1.2) %) (PP of (NP assets))) ,))) (PP from (NP a negative (QP $ 33 million) *U*)) (PP-TMP as (PP of (NP Sept. 30))) , (S-ADV (ADVP thus) (NP-SBJ *-1) (VP bringing (S (NP-SBJ CenTrust) (ADJP-PRD close (PP to (NP regulatory standards))))))))))) .)) (TOP (S (NP-SBJ CenTrust) (VP said (SBAR 0 (S (NP-SBJ the branch sale) (VP would (ADVP also) (VP reduce (NP (NP (NP the company 's) large amount) (PP of (NP good will))) (PP-EXT by (NP (QP about $ 180 million) *U*))))))) .)) (TOP (S (NP-SBJ Critics) , (ADVP however) , (VP say (SBAR 0 (S (NP-SBJ the branch sale) (VP will (VP make (S (NP-SBJ CenTrust) (ADJP-PRD (ADJP more dependent) (PP than (ADVP ever)) (PP on (NP (NP brokered deposits) and (NP junk bonds)))))))))) .)) (TOP (S (NP-SBJ Mr. Paul) (VP counters (SBAR that (S (NP-SBJ-1 he) (VP intends (S (NP-SBJ-2 *-1) (VP to (ADVP further) (VP pare (NP (NP the size) (PP of (NP CenTrust))) (PP-MNR by (S-NOM (NP-SBJ *-2) not (VP renewing (NP (NP (QP more than $ 1 billion) *U*) (PP of (NP (NP brokered certificates) (PP of (NP deposit))))) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ they) (VP come (ADJP-PRD due) (ADVP-TMP *T*-3)))))))))))))) .)) (TOP (S (S (NP-SBJ-1 The thrift) (VP is (ADVP also) (VP working (S (NP-SBJ-2 *-1) (VP to (VP unload (NP its junk-bond portfolio) (PP-MNR by (S-NOM (NP-SBJ-3 *-2) (VP continuing (S (NP-SBJ *-3) (VP to (VP sell (ADVP-CLR off) (NP the bonds))))))))))))) , and (S (NP-SBJ-4 it) (VP plans (S (NP-SBJ *-4) (VP to (ADVP-TMP eventually) (VP place (NP (NP some) (PP of (NP them))) (PP-DIR in (NP a separate affiliate)) , (SBAR-ADV as (S (NP-SBJ-5 *) (VP required (NP *-5) (PP-LOC under (NP the new thrift law)))))))))) .)) (TOP (S (PP-TMP On (NP a recent Saturday night)) , (PP-LOC in (NP (NP the midst) (PP of (NP (NP West Germany 's) (ADJP most popular) prime-time show)))) , (NP-SBJ a contestant) (VP bet (NP the host) (SBAR that (S (NP-SBJ-2 she) (VP could (VP name (NP (NP any) (PP of (NP 100 different cheeses))) (PP-TMP after (NP just one nibble)) , (SBAR-TMP while (S (NP-SBJ-1 *-2) (VP blindfolded (NP *-1))))))))) .)) (TOP (S (NP-SBJ The woman) (VP won (NP the bet)) .)) (TOP (S But (S-ADV (ADVP perhaps) (NP-SBJ *) (ADJP-PRD (ADVP even more) remarkable)) , (NP-SBJ-1 (NP the three-hour-show) , (NP `` (NP-TTL Wetten Dass) '' (PRN -LRB- (S (NP-SBJ *) (VP Make (NP a Bet))) -RRB-)) ,) (VP (ADVP-MNR regularly) wins (NP (NP the top slot) (PP-LOC in (NP (NP the country 's) TV ratings))) , (S-ADV (NP-SBJ *-1) (ADVP-TMP sometimes) (VP drawing (NP (NP (QP as many as 50) %) (PP of (NP (ADJP West German) households)))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ the 1992 economic integration) (VP approaches))) , (NP-SBJ-1 (NP Europe 's) cultural curators) (VP have (VP taken (PP-CLR to (NP the ramparts)) (PP against (NP American `` cultural imperialism)) , '' (S-ADV (NP-SBJ-2 *-1) (VP threatening (S (NP-SBJ *-2) (VP to (VP impose (NP (NP quotas) (PP against (NP (NP such pop invaders) (PP as (NP `` (NP-TTL Dallas) , '' `` (NP-TTL Miami Vice) '' and `` (NP-TTL L.A. Law))))))))))))) . '')) (TOP (S But (NP-SBJ (NP much) (PP of (SBAR-NOM (WHNP-1 what) (S (NP-SBJ-2 the Europeans) (VP want (S (NP-SBJ *-2) (VP to (VP protect (NP *T*-1))))))))) (VP seems (ADJP-PRD (ADJP (NP every bit) as cheesy) (PP as (SBAR-NOM (WHNP-4 what) (S (NP-SBJ-3 they) (VP are (VP trying (S (NP-SBJ *-3) (VP to (VP keep (NP *T*-4) (ADVP-CLR out))))))))))) .)) (TOP (S (NP-SBJ (NP The (ADJP most militant) opposition) (PP to (NP American TV imports))) (VP has (VP come (PP-DIR from (NP (NP French television and movie producers) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP have (VP demanded (NP (NP quotas) (VP ensuring (SBAR that (S (NP-SBJ-1 (NP a full 60 %) (PP of (NP (NP Europe 's) TV shows))) (VP be (VP produced (NP *-1) (PP-LOC in (NP Europe)))))))))))))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ-1 the French) (VP have (VP failed (S (NP-SBJ *-1) (VP to (VP win (NP enough broad-based support (S (NP-SBJ *) (VP to (VP prevail))))))))) .)) (TOP (S (NP-SBJ (NP (NP A glance) (PP through (NP the television listings))) and (NP (NP a few twists) (PP of (NP the European television dial)))) (VP suggest (NP (NP one reason) (FRAG (WHADVP why)))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ there) (VP are (NP-PRD some popular action and drama series)))) , (NP-SBJ few) (VP boast (NP (NP (NP the high culture) and (NP classy production values)) (SBAR (WHNP-1 0) (S (NP-SBJ one) (VP might (VP expect (NP *T*-1))))))) .)) (TOP (S (NP-SBJ-1 More European air time) (VP is (VP filled (NP *-1) (PP-CLR with (NP (NP low-budget (NX (NX game shows) , (NX variety hours) , (NX movies) and (NX talk shows) ,)) (SBAR (WHNP-2 (NP many) (WHPP of (WHNP which))) (S (NP-SBJ *T*-2) (VP are (NP-PRD (NP authorized knock-offs) (PP of (NP their American counterparts)))))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP France 's) (ADJP most popular) Saturday night programs))) (VP features (NP (NP semi-celebrities) (VP seeking (ADVP-CLR out) (NP their grammar-school classmates) (PP-PRP for (NP on-air reunions))))) .)) (TOP (S (NP-SBJ A Flemish game show) (VP has (PP-LOC-CLR as (NP its host)) (NP (NP a Belgian) (VP pretending (S (NP-SBJ *) (VP to (VP be (ADJP-PRD Italian))))))) .)) (TOP (S (NP-SBJ (NP (NP One) (PP of (NP (NP Italy 's) favorite shows))) , `` (NP-TTL Fantastico) , '' (NP a tepid variety show) ,) (VP is (ADJP-PRD (ADJP so popular) (SBAR that (S (NP-SBJ-3 viewers) (VP clamored (S (NP-SBJ *-3) (VP to (VP buy (NP (NP a chocolate product) , `` (NP Cacao Fantastico) , '' (SBAR (WHNP-2 whose praises) (S (NP-SBJ-1 *T*-2) (VP were (VP sung (NP *-1) (NP-TMP each week) (PP by (NP-LGS dancing showgirls)))))))))) -- (SBAR-ADV even though (S (NP-SBJ the product) (VP did n't (VP exist))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Topping (NP the cheese stunt))) , (PP-TMP on (NP (NP another typical evening) (PP of (NP fun)) (PP-LOC on `` (NP-TTL Wetten Dass)))) , '' (NP-SBJ-1 a contestant) (VP won (NP (NP a bet (SBAR *ICH*-2)) (PP with (NP (NP (NP the show 's) host) , (NP Thomas Gottschalk) ,)) (SBAR-2 that (S (NP-SBJ he) (VP could (VP identify (NP 300 German dialects) (PP-LOC over (NP the telephone)))))))) .)) (TOP (S (NP-SBJ (NP A celebrity guest) , (NP (NAC U.S. Ambassador (PP to (NP West Germany))) Richard Burt) ,) (ADVP also) (VP won (NP a bet (SBAR that (S (NP-SBJ someone) (VP could (VP pile (PRT up) (NP (NP $ 150 *U* worth) (PP of (NP quarters))) (PP-LOC-CLR on (NP a slanted coin)))))))) .)) (TOP (S (NP-SBJ-1 Mr. Burt) (ADVP nonetheless) (VP paid (NP the penalty) (SBAR-ADV as if (S (NP-SBJ he) (VP had (VP lost)))) , (S-ADV (NP-SBJ-2 *-1) (VP agreeing (S (NP-SBJ-3 *-2) (VP to (VP spend (NP a day) (PP with (NP West German Foreign Minister Hans-Dietrich Genscher)) (S (NP-SBJ *-3) (VP frying and selling (NP (NP their combined weight) (PP in (NP potato pancakes))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ this) (VP seems (PP-PRD like (NP (NP (ADJP pretty weak) stuff) (SBAR (WHPP-2 around (WHNP which)) (S (NP-SBJ *) (VP to (VP raise (NP the protectionist barriers) (PP-CLR *T*-2)))))))))) , (NP-SBJ it) (VP may (VP be (SBAR-PRP-PRD because (S (NP-SBJ these shows) (VP need (NP (NP all the protection) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP can (VP get (NP *T*-1))))))))))) .)) (TOP (S (NP-SBJ European programs) (ADVP-TMP usually) (VP target (NP (NP only their own local audience) , and (ADVP-TMP often) (NP (NP only a small portion) (PP of (NP that))))) .)) (TOP (S (NP-SBJ (NP Mega-hits) (PP-LOC in (NP Germany or Italy))) (VP (VP (ADVP-TMP rarely) make (NP it) (PP-DIR (ADVP even) to (NP (NP France) or (NP Great Britain)))) , and (VP (ADVP-TMP almost never) show (PRT up) (PP-LOC on (NP U.S. screens)))) .)) (TOP (S (NP-SBJ Attempts (S (NP-SBJ *) (VP to (VP produce (NP `` pan-European '' programs))))) (VP have (ADVP generally) (VP resulted (PP-CLR in (NP disappointment)))) .)) (TOP (S (NP-SBJ-1 (NP One annual co-production) , (NP the three-hour-long `` (NX-TTL Eurovision Song Contest)) , '' (VP featuring (NP (NP soft-rock songs) (PP from (NP (NP each) (PP of (NP 20 European countries)))))) ,) (VP has (VP been (VP described (NP *-1) (PP-CLR as (NP (NP the world 's) (ADJP most boring) TV show))))) .)) (TOP (S (NP-SBJ (NP Another) , `` (NP-TTL Jeux Sans Frontieres) , '' (SBAR (WHADVP-2 where) (S (NP-SBJ-1 (NP villagers) (PP from (NP assorted European countries))) (VP make (NP fools) (PP-CLR of (NP themselves)) (S-ADV (NP-SBJ *-1) (VP performing (NP pointless tasks))) (ADVP-LOC *T*-2))))) , (VP is (NP-PRD a hit) (PP-LOC in (NP France))) .)) (TOP (S (NP-SBJ (NP A U.S.-made imitation) (PP under (NP (NP the title) `` (S-TTL (NP-SBJ Almost Anything) (VP Goes)) ''))) (VP flopped (ADVP-MNR fast)) .)) (TOP (S (PP For (NP the most part)) , (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ-2 *T*-1) (VP 's (VP made (NP *-2) (ADVP-LOC here))))) (VP stays (ADVP-LOC-PRD here) (PRN , and (PP-PRP for (NP good reason)))) .)) (TOP (S (NP-SBJ (NP (NP The cream) (PP of (NP the British crop))) , (NP (NP the literary dramas) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP are (VP shown (NP *-1) (PP-LOC on (NP U.S. public television)) (PP-CLR as `` (NP-TTL Masterpiece Theater))))))) , '') (VP make (PRT up) (NP (NP a (ADJP relatively small) part) (PP of (NP British air time)))) .)) (TOP (S (NP-SBJ Most British programming) (VP is (NP-PRD (NP more) (PP of (NP an acquired taste)))) .)) (TOP (S (NP-SBJ There) (VP is , (PP for (NP instance)) , (NP-PRD `` (NP-TTL (NP One Man) and (NP His Dog)) , '' (NP (NP a herding contest) (PP-LOC among (NP sheep dogs))))) .)) (TOP (SINV (ADVP Also) (ADJP-PRD-TPC-1 riveting) (PP to (NP the British)) (VP are (ADJP-PRD *T*-1)) (NP-SBJ (NP (NP hours) (PP of (NP dart-throwing championships))) , (NP (NP (ADJP even more) hours) (PP of (NP lawn bowling contests))) and (NP (NP (ADJP still more) hours) (PP of (NP snooker marathons)))) .)) (TOP (S (NP-SBJ European drama) (VP has (VP had (NP better (PRN , (SBAR-ADV though (FRAG (ADJP still mixed))) ,) fortunes))) .)) (TOP (S (NP-SBJ The (ADJP most popular) such shows) (VP focus (PP-CLR on (NP narrow national concerns))) .)) (TOP (S (NP-SBJ (NP A French knock-off) (PP of `` (NP-TTL Dallas)) , '' (VP (VP called (S (NP-SBJ *) `` (NP-TTL-PRD Chateauvallon) '')) and (VP set (NP *) (PP-LOC-CLR in (NP a French vineyard))))) , (VP had (NP (NP a good run) (PP-LOC in (NP France)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP ended (SBAR-TMP after (S (NP-SBJ-1 the female lead) (VP was (VP injured (NP *-1) (PP-LOC in (NP a real-life auto accident))))))))))) .)) (TOP (S (NP-SBJ `` (NP-TTL Schwarzwaldklinik) , '' (PRN -LRB- (NP Black Forest Clinic) -RRB-) , (NP (NP a kind) (PP of (NP (NP German `` (NX-TTL St . Elsewhere) '') (VP set (NP *) (PP-LOC-CLR in (NP a health spa))))))) , (VP (VP is (ADJP-PRD popular) (PP-LOC in (NP Germany))) , and (VP has (VP spread (PP-DIR into (NP France))))) .)) (TOP (S (NP-SBJ (NP Italy 's) (ADJP most popular) series) (VP is (NP-PRD (NP a drama) (VP called (S (NP-SBJ *) (NP-PRD `` (NP-TTL La Piovra) , '' or `` (NP-TTL The Octopus)))) , '' (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP chronicles (NP (NP the fight) (PP of (NP (NP an idealistic young investigator) (PP-LOC in (NP Palermo)))) (PP against (NP the Mafia)))))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD front-page news) (PP-LOC in (NP Italy)) (NP-TMP earlier this year) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 the fictional inspector) (VP was (VP gunned (NP *-2) (PRT down) (PP-LOC in (NP the series)) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP (NP Spain 's) (ADJP most popular) mini-series) (NP-TMP this year)) (VP was (NP-PRD `` (NP-TTL Juncal) , '' (NP (NP the story) (PP of (NP an aging bullfighter))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 The trend) (VP is (VP (ADVP-MNR pretty well) established (NP *-1) (SBAR-ADV now that (S (NP-SBJ local programs) (VP are (NP-PRD the (ADJP most popular)) , (SBAR with (S (NP-SBJ American programs) (ADJP-PRD second))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Brian Wenham) , (NP (NP a former director) (PP of (NP programs)) (PP for (NP the British Broadcasting Corp)))) .)) (TOP (S `` (PP Given (NP a choice)) , (NP-SBJ everybody) (VP will (VP watch (NP a home-produced show))) . '')) (TOP (S But (ADVP-TMP frequently) (NP-SBJ there) (VP is n't (NP-PRD much choice)) .)) (TOP (S (ADVP Thus) , (NP-SBJ Europe) (VP has (VP begun (NP (NP the recent crusade) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP produce (NP (NP (NP more worthy shows) (PP of (NP its own))) , (NP (NP programs) (PP with (NP broader appeal))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-4 We) (VP 've (ADVP basically) (VP got (S (NP-SBJ *-4) (VP (VP to (VP start (PP-CLR from (NP scratch)))) , (VP to (VP train (NP-5 writers and producers) (S-CLR (NP-SBJ *-5) (VP to (VP make (NP (NP shows) (SBAR (WHNP-3 that) (S (NP-SBJ-2 other people) (VP will (VP want (S (NP-SBJ *-2) (VP to (VP see (NP *T*-3))))))))))))))))))) , '' (VP concedes (S *T*-1)) (NP-SBJ (NP Colin Young) , (NP (NP head) (PP of (NP (NP Britain 's) National Film Theatre School)))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ (NP some) (PP-LOC in (NP the U.S.))) (VP contend (SBAR that (S (NP-SBJ advertising) (VP is (NP-PRD (NP the bane) (PP of (NP television))))))))) , (ADVP-LOC here) (NP-SBJ many) (VP believe (SBAR that (S (NP-SBJ-1 its absence) (VP is (S-PRD (NP-SBJ-2 *-1) (VP to (VP blame (NP *-2) (PP-CLR for (NP (NP the European TV industry 's) sluggish development))))))))) .)) (TOP (S (PP-TMP Until (ADVP recently)) , (NP-SBJ (NP national governments) (PP-LOC in (NP Europe))) (VP (VP controlled (NP (NP most) (PP of (NP the air time)))) and (VP allowed (NP (ADJP little or no) advertising))) .)) (TOP (S (SBAR-PRP Since (S (NP-SBJ-2 production costs) (VP were (VP guaranteed (NP *-2))))) , (NP-SBJ (NP it) (SBAR *EXP*-3)) (VP did n't (VP matter (SBAR-3 that (S (NP-SBJ-4 a program) (VP could n't (VP be (VP (VP sold (NP *-4) (ADVP-LOC abroad)) or (VP put (NP *-4) (PP-PUT into (NP syndication))) , (SBAR-ADV as (S (NP-SBJ-1 most American programs) (VP are (VP *?* (NP *-1)))))))))))) .)) (TOP (S But (NP-SBJ-1 (ADJP not much) money) (VP was (VP spent (NP *-1) (PP-CLR on (NP the shows)) , (ADVP either) , (NP-ADV (NP a situation) (SBAR (WHNP-2 that) (S (NP-SBJ-3 *T*-2) (VP encouraged (NP cheap-to-make talk and game shows) , (SBAR-ADV while (S (NP-SBJ *-3) (VP discouraging (NP expensive-to-produce dramas)))))))))) .)) (TOP (S (ADVP-TMP Now) , (ADVP however) , (S (NP-SBJ commercial channels) (VP are (VP coming (PP-DIR to (NP most European countries))))) , and (S (PP-TMP at (NP the same time)) , (NP-SBJ satellite and cable technology) (VP is (VP spreading (ADVP-MNR rapidly)))) .)) (TOP (S (S (NP-TMP Just last week) , (NP-SBJ Greece) (VP authorized (NP two commercial channels) (PP-TMP for (NP the first time)))) ; (S (NP-SBJ-1 Spain) (ADVP-TMP earlier) (VP began (S (NP-SBJ *-1) (VP to (VP allow (NP commercial television) (PP-LOC alongside (NP its state channels))))))) .)) (TOP (S (NP-SBJ The result) (VP is (NP-PRD (NP a (ADJP new and huge) appetite) (PP for (NP programming)))) .)) (TOP (S But (PP (ADVP perhaps) to (NP (NP the consternation) (PP of (NP (NP those) (VP calling (PP-CLR for (NP quotas))))))) , (NP-SBJ-2 (NP most) (PP of (NP this void))) (VP is (ADJP-PRD likely (S (NP-SBJ-1 *-2) (VP to (VP be (VP filled (NP *-1) (PP-CLR with (NP (NP (NP the (ADJP (ADJP cheapest) and (ADJP most plentiful)) programming) (ADJP now available)) -- (NP (NP reruns) -- (PP (ADVP usually) of (NP (NP shows) (VP made (NP *) (PP-LOC in (NP the U.S.)))))))))))))) .)) (TOP (S (NP-SBJ (NP Sky Channel) , (NP (NP a British-based venture) (PP of (NP Australian-American press tycoon Rupert Murdoch))) ,) (VP offers (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP must (VP be (NP-PRD a baffling cultural mix) (PP to (NP (NP most) (PP of (NP its audience))))))))) .)) (TOP (S (NP-SBJ The (ADJP financially struggling) station) (VP offers (NP (NP programs) (VP (ADVP obviously) made (S (NP-SBJ *) (ADJP-PRD available)) (ADVP-MNR cheaply)) (PP from (NP (NP its boss 's) other ventures)))) .)) (TOP (S (PP-LOC In (NP a Madrid hotel room)) (ADVP-TMP recently) , (NP-SBJ-2 a viewer) (VP caught (NP (NP the end) (PP of (NP (NP a (ADJP badly acted) series) (PP about (NP (NP a fishing boat) (PP-LOC on (NP (NP Australia 's) Great Barrier Reef))))))) , (S-ADV (NP-SBJ-6 *-2) (ADVP only) (VP to (VP be (VP urged (NP-3 *-6) (PP by (NP-LGS the British announcer)) (S (NP-SBJ-4 *-3) (VP to `` (VP stay (S (NP-SBJ-5 *-4) (VP tuned (NP *-5))) (PP-PRP for (NP (NP the further adventures) (PP of (NP Skippy the Kangaroo)))))))))))) . '')) (TOP (S (NP-SBJ (NP (NP Lisa Grishaw-Mueller) (PP-LOC in (NP Bonn))) , (NP (NP Laura Colby) (PP-LOC in (NP Milan))) , (NP (NP Tim Carrington) (PP-LOC in (NP London))) and (NP (NP Carlta Vitzhum) (PP-LOC in (NP Madrid)))) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ (NP British Aerospace PLC) and (NP (NP France 's) Thomson-CSF S.A.)) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP are (VP nearing (NP an agreement (S (NP-SBJ *) (VP to (VP merge (NP their guided-missile divisions))))) , (S-ADV (NP-SBJ *-1) (VP (ADVP-MNR greatly) expanding (NP (NP collaboration) (PP between (NP the two defense contractors)))))))))) .)) (TOP (S (NP-SBJ (NP The 50-50 joint venture) , (SBAR (WHNP-52 which) (S (NP-SBJ-51 *T*-52) (VP may (VP be (VP dubbed (S (NP-SBJ *-51) (NP-PRD Eurodynamics))))))) ,) (VP (VP would (VP have (NP (NP combined annual sales) (PP of (NP (NP (QP at least # 1.4 billion) *U*) (PRN -LRB- (NP (QP $ 2.17 billion) *U*) -RRB-)))))) and (VP would (VP be (PP-LOC-PRD among (NP (NP the world 's) largest missile makers))))) .)) (TOP (S (PP-TMP After (NP (NP two years) (PP of (NP talks)))) , (NP-SBJ (NP plans) (PP for (NP the venture))) (VP are (ADJP-PRD sufficiently advanced (SBAR for (S (NP-SBJ the companies) (VP to (VP seek (NP (ADJP French and British) government clearance))))))) .)) (TOP (S (NP-SBJ The companies) (VP hope (PP-CLR for (NP (NP a final agreement) (PP-TMP by (NP year-end))))) .)) (TOP (S (NP-SBJ The venture) (VP would (VP (VP strengthen (NP (NP the (ADJP rapidly growing) ties) (PP between (NP the two companies)))) , and (VP help (VP make (S (NP-SBJ them) (NP-PRD (NP a leading force) (PP-LOC in (NP European defense contracting)))))))) .)) (TOP (S (PP-TMP In (NP recent months)) , (NP-SBJ (NP a string) (PP of (NP (NP cross-border mergers) and (NP joint ventures)))) (VP have (VP reshaped (NP (NP the once-balkanized world) (PP of (NP European arms manufacture))))) .)) (TOP (S (ADVP-TMP Already) , (NP-SBJ (NP British Aerospace) and (NP (ADJP French government-controlled) Thomson-CSF)) (VP collaborate (PP-CLR (PP on (NP a British missile contract)) and (PP on (NP an air-traffic control radar system)))) .)) (TOP (S (NP-TMP Just last week) (NP-SBJ they) (VP announced (SBAR 0 (S (NP-SBJ they) (VP may (VP make (NP a joint bid (S (NP-SBJ *) (VP to (VP buy (NP (NP Ferranti International Signal PLC) , (NP (NP a smaller British defense contractor) (VP rocked (NP *) (PP by (NP-LGS (NP alleged accounting fraud) (PP-LOC at (NP a U.S. unit)))))))))))))))) .)) (TOP (S (NP-SBJ (NP The sudden romance) (PP of (NP (NP (NP British Aerospace) and (NP Thomson-CSF)) -- traditionally (NP (NP bitter competitors) (PP for (NP Middle East and Third World weapons contracts))) --))) (VP is (VP stirring (NP controversy) (PP-LOC in (NP (NP Western Europe 's) defense industry)))) .)) (TOP (SINV (VP-TPC-1 (ADVP-MNR Most) threatened (NP *-2) (PP by (NP-LGS closer British Aerospace-Thomson ties))) (VP would (VP be (VP *T*-1))) (NP-SBJ-2 (NP their respective national rivals) , (PP including (NP (NP (NP Matra S.A.) (PP-LOC in (NP France))) and (NP (NP Britain 's) General Electric Co. PLC)))) .)) (TOP (S But (NP-SBJ neither (NP Matra) nor (NP (NP GEC) (PRN -- (ADJP unrelated (PP to (NP (ADJP Stamford , Conn.-based) General Electric Co.))) --))) (VP are (VP sitting (ADVP-MNR quietly) (ADVP-CLR by) (SBAR-TMP as (S (NP-SBJ their competitors) (VP join (NP forces)))))) .)) (TOP (S (NP-TMP Yesterday) , (NP-SBJ (NP a source) (ADJP close (PP to (NP GEC)))) (VP confirmed (SBAR that (S (NP-SBJ his company) (VP may (VP join (NP the Ferranti fight) , (PP as (NP (NP part) (PP of (NP (NP a possible consortium) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP bid (PP against (NP (NP British Aerospace) and (NP Thomson-CSF)))))))))))))))) .)) (TOP (S (NP-SBJ (NP Companies) (SBAR (WHPP-1 with (WHNP which)) (S (NP-SBJ GEC) (VP has (VP had (NP (NP talks) (PP about (NP a possible joint Ferranti bid))) (PP *T*-1)))))) (VP include (NP (NP Matra) , (NP (NP Britain 's) Dowty Group PLC) , (NP (NP West Germany 's) Daimler-Benz AG) , and (NP (NP France 's) Dassault group))) .)) (TOP (S (S-CLF-TPC-2 But (NP-SBJ it) (VP may (VP be (NP-PRD weeks) (SBAR before (S (NP-SBJ-1 (NP GEC) and (NP its potential partners)) (VP decide (SBAR whether (S (NP-SBJ *-1) (VP to (VP bid)))))))))) , (NP-SBJ the source) (VP indicated (SBAR 0 (S-CLF *T*-2))) .)) (TOP (S (NP-SBJ-1 GEC) (VP plans (ADVP-TMP first) (S (NP-SBJ *-1) (VP to (VP study (NP (NP (NP Ferranti 's) financial accounts) , (SBAR (WHNP-2 which) (S (NP-SBJ auditors) (ADVP-TMP recently) (VP said (SBAR 0 (S (NP-SBJ *T*-2) (VP included (NP (NP (QP # 215 million) *U*) (PP in (NP (NP fictitious contracts) (PP-LOC at (NP (NP a U.S. unit) , (NP International Signal & Control Group) , (SBAR (WHPP-3 with (WHNP which)) (S (NP-SBJ Ferranti) (VP merged (PP-CLR *T*-3) (NP-TMP last year)))))))))))))))))))) .)) (TOP (S (S (ADVP Also) , (NP-SBJ-1 any GEC bid) (VP might (VP be (VP blocked (NP *-1) (PP by (NP-LGS British antitrust regulators)))))) ; (S (S (NP-SBJ Ferranti) (VP is (NP-PRD (NP (NP GEC 's) main competitor) (PP on (NP several key defense-electronics contracts))))) , and (S (NP-SBJ (NP its purchase) (PP by (NP GEC))) (VP may (VP heighten (NP (NP (NP British Defense Ministry) worries) (PP about (NP (NP concentration) (PP-LOC in (NP (NP the country 's) defense industry))))))))) .)) (TOP (S (NP-SBJ A consortium bid) , (ADVP however) , (VP (VP would (VP diminish (NP (NP (NP GEC 's) direct role) (PP-LOC in (NP Ferranti))))) and (VP might (ADVP-TMP consequently) (VP appease (NP ministry officials)))) .)) (TOP (S (S (NP-SBJ A British Aerospace spokeswoman) (VP appeared (ADJP-PRD unperturbed (PP by (NP (NP the prospect) (PP of (NP (NP a fight) (PP with (NP GEC)) (PP for (NP Ferranti))))))))) : (S `` (S-TPC-1 (NP-SBJ Competition) (VP is (NP-PRD (NP the name) (PP of (NP the game))))) , '' (NP-SBJ she) (VP said (S *T*-1))) .)) (TOP (S (NP-SBJ (NP (QP At least one) potential GEC partner) , (NP Matra) ,) (VP insists (SBAR 0 (S (NP-SBJ it) (VP is n't (ADJP-PRD interested (PP in (NP Ferranti))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP have (NP (NP nothing) (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP say (NP *T*-3) (PP-CLR about (NP (NP this affair) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP does n't (VP concern (NP us)))))))))))))) , '' (NP-SBJ a Matra official) (VP said (S *T*-2) (NP-TMP Sunday)) .)) (TOP (S-1 (NP-SBJ The missile venture) (PRN , (S (NP-SBJ the British Aerospace spokeswoman) (VP said (SBAR 0 (S *T*-1)))) ,) (VP is (NP-PRD (NP a needed response) (PP to (NP (NP the `` new environment '') (PP-LOC in (NP defense contracting)))))) .)) (TOP (S (S (PP For (NP both (NP Thomson) and (NP British Aerospace))) , (NP-SBJ (NP earnings) (PP-LOC in (NP their home markets))) (VP have (VP come (PP-CLR under (NP (NP pressure) (PP from (NP (ADJP increasingly tight-fisted) defense ministries))))))) ; and (S (NP-SBJ-1 (NP Middle East sales) , (NP (NP a traditional mainstay) (PP for (NP (NP both companies ') exports))) ,) (VP have (VP been (VP hurt (NP *-1) (PP by (NP-LGS (NP five years) (PP of (NP weak oil prices)))))))) .)) (TOP (S (NP-SBJ (NP (NP The venture 's) importance) (PP for (NP Thomson))) (VP is (ADJP-PRD great)) .)) (TOP (S (NP-SBJ Thomson) (VP feels (SBAR 0 (S (NP-SBJ-1 (NP the future) (PP of (NP its defense business))) (VP depends (PP-CLR on (S-NOM (NP-SBJ *-1) (VP building (NP (NP cooperation) (PP with (NP other Europeans)))))))))) .)) (TOP (S (S (NP-SBJ The European defense industry) (VP is (VP consolidating))) ; (S (PP for (NP instance)) , (S (NP-SBJ (NP West Germany 's) Siemens AG) (ADVP-TMP recently) (VP joined (NP GEC) (PP-LOC in (NP (NP a takeover) (PP of (NP (NP Britain 's) Plessey Co.)))))) , and (S (NP-SBJ-1 Daimler-Benz) (VP agreed (S (NP-SBJ *-1) (VP to (VP buy (NP Messerschmitt-Boelkow Blohm G.m.b . H .))))))))) (TOP (S (S (PP-LOC In (NP missiles)) , (NP-SBJ-1 Thomson) (VP is (ADVP-TMP already) (VP overshadowed (NP *-1) (PP (PP by (NP-LGS British Aerospace)) and (PP by (NP-LGS (NP its home rival) , (NP (NP France 's) Aerospatiale S.A.))))))) ; (S-2 (S-PRP (NP-SBJ *-3) (VP to (ADVP-MNR better) (VP compete))) (PRN , (S (NP-SBJ Thomson officials) (VP say (SBAR 0 (S *T*-2)))) ,) (NP-SBJ-3 they) (VP need (NP a partnership))) .)) (TOP (S (S-PRP (NP-SBJ *-1) (VP To (VP justify (NP (NP 50-50 ownership) (PP of (NP the planned venture)))))) , (NP-SBJ-1 Thomson) (VP would (VP make (NP a cash payment) (PP-DTV to (NP British Aerospace)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Annual revenue) (PP of (NP (NP British Aerospace 's) missile business))) (VP is (NP-PRD (QP about # 950 million) *U*))) , (NP-SBJ a Thomson spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP British Aerospace 's) chief missile products) (VP include (NP (NP its 17-year-old family) (PP of (NP Rapier surface-to-air missiles)))) .)) (TOP (S (NP-SBJ Thomson missile products) , (PP with (NP (QP about half) (NP British Aerospace 's) annual revenue)) , (VP include (NP the Crotale surface-to-air missile family)) .)) (TOP (S (NP-SBJ Interprovincial Pipe Line Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP delay (NP (NP a proposed two-step , (ADJP (QP 830 million) Canadian-dollar) (PRN -LRB- (ADJP (QP US$ 705.6 million) *U*) -RRB-) expansion) (PP of (NP its system))) (SBAR-PRP because (S (NP-SBJ (NP (NP Canada 's) output) (PP of (NP crude oil))) (VP is (VP shrinking))))))))) .)) (TOP (S (NP-SBJ (NP Interprovincial) , (NP (NP (NP Canada 's) biggest oil pipeline operator) and (NP (NP a major transporter) (PP of (NP crude)) (PP to (NP the U.S.)))) ,) (VP said (SBAR 0 (S (NP-SBJ revised industry forecasts) (VP indicate (SBAR that (S (NP-SBJ Canadian oil output) (VP will (VP total (NP (NP (NP (QP about 1.64 million) barrels) (NP-ADV a day)) (ADJP *ICH*-2)) (PP-TMP by (NP 1991)) , (ADJP-2 (ADJP (NP 8 %) lower) (PP than (NP a previous estimate))))))))))) .)) (TOP (S (NP-SBJ Canadian crude production) (VP averaged (NP (NP (NP about 1.69 million barrels) (NP-ADV a day)) (PP-LOC *ICH*-1)) (PP-TMP during (NP (NP 1989 's) first half)) , (PP-LOC-1 (NP (QP about 1) %) below (NP the 1988 level))) .)) (TOP (SINV (S-TPC-2 `` (S (NP-SBJ (NP The capability (VP *ICH*-1)) (PP of (NP existing fields)) (VP-1 to (VP deliver (NP oil)))) (VP is (VP dropping))) , '' and (S (NP-SBJ oil exploration activity) (VP is (ADVP also) (ADJP-PRD down dramatically))) , (SBAR-ADV as (S (NP-SBJ many producers) (VP shift (NP their emphasis) (PP-DIR to (NP natural gas)))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Ronald Watkins) , (NP (NP vice president) (PP for (NP government and industry relations)) (PP with (NP (NP (NP Interprovincial 's) parent) , (NP Interhome Energy Inc))))) .)) (TOP (S (NP-SBJ Mr. Watkins) (VP said (SBAR 0 (S (NP-SBJ-1 (NP volume) (PP-LOC on (NP (NP Interprovincial 's) system))) (VP (VP is (ADVP-PRD down (NP about 2 %)) (PP-TMP since (NP January))) and (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP fall (ADVP further)))))) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ expansion) (ADJP-PRD unnecessary) (PP-TMP until (NP perhaps the mid-1990s))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP has (VP been (NP-PRD (NP a swing) (PP of (NP the pendulum)) (ADVP back (PP to (NP the gas side))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Many) (PP of (NP (NP Canada 's) oil and gas producers))) (VP (VP say (SBAR 0 (S (NP-SBJ (NP the outlook) (PP for (NP natural gas))) (VP is (ADJP-PRD (ADJP better) (SBAR than (S (NP-SBJ it) (VP is (ADJP-PRD *?*) (PP for (NP oil)))))))))) , and (VP have (VP shifted (NP their exploration and development budgets) (ADVP accordingly)))) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ (NP The number) (PP of (NP (NP active drilling rigs) (PP-LOC in (NP Canada))))) (VP is (ADVP-PRD down (NP 30 %) (PP from (ADVP-TMP (NP a year) ago))))) , and (S (NP-SBJ (NP the number) (PP of (NP completed oil wells))) (VP is `` (ADVP-PRD down (NP (NP more) (PP than (NP that)))))) , (ADVP-PRP due (PP to (NP (NP the increasing focus) (PP on (NP gas exploration)))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Robert Feick) , (NP (NP manager) (PP of (NP crude oil)) (PP with (NP (NP (NP Calgary 's) (NX (NX Independent Petroleum Association) (PP of (NP Canada)))) , (NP an industry group))))) .)) (TOP (S (NP-SBJ Mr. Watkins) (VP said (SBAR 0 (S (NP-SBJ (NP the main reason) (PP for (NP the production decline))) (VP is (NP-PRD (NP shrinking output) (PP of (NP light crude)) (PP from (NP (NP mature , conventional fields) (PP-LOC in (NP western Canada))))))))) .)) (TOP (S (S (NP-SBJ Interprovincial) (VP transports (NP (NP (QP about 75) %) (PP of (NP (NP all crude) (VP produced (NP *) (PP-LOC in (NP western Canada)))))))) , and (S (NP-SBJ (NP (QP almost 60) %) (PP of (NP (NP Interprovincial 's) total volume))) (VP consists (PP-CLR of (NP light crude)))) .)) (TOP (S (NP-SBJ-1 (NP Nearly all) (PP of (NP (NP the crude oil) (SBAR (WHNP-3 that) (S (NP-SBJ Canada) (VP exports (NP *T*-3) (PP-DIR to (NP the U.S.)))))))) (VP is (VP transported (NP *-1) (PP-LOC on (NP (NP (NP Interprovincial 's) system) , (SBAR (WHNP-2 whose main line) (S (NP-SBJ *T*-2) (VP runs (PP-DIR from (NP Edmonton)) (PP-DIR to (NP (NP major (UCP U.S. and Canadian) cities) (PP in (NP the Great Lakes region)) , (PP including (NP Chicago , Buffalo , Toronto and Montreal))))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP (NP Canada 's) current oil exports) (PP to (NP the U.S.))) (VP total (NP (NP (NP (QP about 600,000) barrels) (NP-ADV a day)) , or (NP (NP (QP about 9.1) %) (PP of (NP net U.S. crude imports)))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP John Lichtblau) , (NP (NP president) (PP of (NP the (ADJP New York-based) Petroleum Industry Research Foundation)))) .)) (TOP (S (NP-SBJ That) (VP ranks (NP Canada) (PP-CLR as (NP (NP the fourth-largest source) (PP of (NP imported crude)) , (PP-LOC behind (NP (NP Saudi Arabia) , (NP Nigeria) and (NP Mexico)))))) .)) (TOP (S (NP-SBJ Mr. Lichtblau) (VP said (SBAR 0 (S (NP-SBJ-1 (NP (NP Canada 's) declining crude output) , (PP combined (PP with (NP (NP the fast-shrinking output) (PP of (NP U.S. crude)))))) , (VP will (VP help (S (NP-SBJ *-1) (VP intensify (NP (NP U.S. reliance) (PP on (NP (NP oil) (PP from (NP (NP overseas) , particularly (NP the Middle East))))))))))))) .)) (TOP (S `` (NP-SBJ It) (VP 's (ADVP very much) (NP-PRD a growing concern)) .)) (TOP (S (S-TPC-3 But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ something) (VP is (ADJP-PRD inevitable) (ADVP-TMP *T*-1)))) , (NP-SBJ-2 you) (VP learn (S (NP-SBJ *-2) (VP to (VP live (PP-CLR with (NP it))))))) , '' (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S (NP-SBJ Mr. Lichtblau) (VP stressed (SBAR that (S (NP-SBJ (NP the delay) (PP of (NP (NP Interprovincial 's) proposed expansion))) (VP wo n't (PP by (NP itself)) (VP increase (NP (NP U.S. dependence) (PP on (NP offshore crude))) , (ADVP however) , (SBAR-PRP since (S (NP-SBJ-1 Canadian imports) (VP are (VP limited (NP *-1) (PP-LOC in (NP any case)) (PP by (NP-LGS (NP Canada 's) falling output))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP terms) (PP of (NP (NP its proposed two-step expansion) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP have (VP required (NP regulatory approval)))))))))) , (NP-SBJ-2 Interprovincial) (VP intended (S (NP-SBJ *-2) (VP to (VP add (NP (NP (NP 200,000 barrels) (NP-ADV a day)) (PP of (NP additional capacity))) (PP-CLR to (NP its system)) , (PP beginning (PP with (NP (NP a modest expansion) (PP-TMP by (NP 1991))))))))) .)) (TOP (S (NP-SBJ The system) (ADVP-TMP currently) (VP has (NP (NP a capacity) (PP of (NP (NP (QP 1.55 million) barrels) (NP-ADV a day))))) .)) (TOP (S (NP-SBJ-1 Inland Steel Industries Inc.) (VP expects (S (NP-SBJ *-1) (VP to (VP report (SBAR that (S (NP-SBJ third-quarter earnings) (VP dropped (NP-EXT (QP more than 50) %) (PP-DIR from (NP the previous quarter)) (PP-PRP as (NP (NP a result) (PP of (NP (NP reduced sales volume) and (NP increased costs)))))))))))) .)) (TOP (S (PP-TMP In (NP the second quarter)) , (NP-SBJ the steelmaker) (VP had (NP (NP net income) (PP of (NP (NP (NP (QP $ 45.3 million) *U*) or (NP (NP $ 1.25 *U*) (NP-ADV a share)))))) , (PP including (NP (NP a pretax charge) (PP of (NP (QP $ 17 million) *U*)) (ADJP related (PP to (NP (NP the settlement) (PP of (NP a suit))))))) , (PP on (NP (NP sales) (PP of (NP $ 1.11 billion *U*))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ (NP normal seasonal softness) and (NP (NP lost orders) (VP caused (NP *) (PP by (NP-LGS prolonged labor talks))))) (VP reduced (NP shipments) (PP-EXT by (NP 200,000 tons)) (PP-TMP in (NP the latest quarter)) , (PP compared (PP with (NP the second quarter))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 the integrated-steel business) (VP was (VP hurt (NP *-1) (PP by (NP-LGS (NP (NP continued increases) (PP-LOC in (NP (NP materials costs) and (NP repair and maintenance expenses)))) , (CONJP as well as) (NP (NP higher labor costs) (PP-LOC under (NP its new contract))))))) .)) (TOP (S (NP-SBJ-3 The service-center business) (VP was (VP hurt (NP *-3) (PP by (NP-LGS (NP reduced margins) and (NP (NP start-up costs) (ADJP associated (PP with (NP its Joseph T. Ryerson & Son unit)))))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-2 it) (VP is (VP beginning (S (NP-SBJ *-2) (VP to (VP see (NP (NP some shipping-rate improvements) (SBAR *ICH*-3)) (PP-LOC in (NP both the intergrated-steel and steel-service-center segments)) , (SBAR-3 (WHNP-1 which) (S (NP-SBJ *T*-1) (VP should (VP result (PP-CLR in (NP (NP improved results) (PP for (NP the fourth quarter)))))))))))))))) .)) (TOP (S (NP-SBJ Inland) (VP said (SBAR 0 (S (NP-SBJ-1 its third-quarter results) (VP will (VP be (VP announced (NP *-1) (NP-TMP later this week))))))) .)) (TOP (S (PP-TMP In (NP (NP the year-earlier third quarter) , (SBAR (WHADVP-1 when) (S (NP-SBJ the industry) (VP was (PP-LOC-PRD in (NP (NP the midst) (PP of (NP a boom)))) (ADVP-TMP *T*-1)))))) , (NP-SBJ the company) (VP had (NP (NP net) (PP of (NP (NP (QP $ 61 million) *U*) , or (NP (NP $ 1.70 *U*) (NP-ADV a share)) ,))) (PP on (NP (NP sales) (PP of (NP (QP $ 1.02 billion) *U*))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Predicting (NP (NP the financial results) (PP of (NP computer firms))))) (VP has (VP been (NP-PRD a tough job) (ADVP-TMP lately))) .)) (TOP (S (NP-SBJ *) (VP Take (NP (NP Microsoft Corp.) , (UCP (NP (NP the largest maker) (PP of (NP personal computer software))) and (VP (ADVP generally) considered (NP an industry bellwether))))) .)) (TOP (S (PP-TMP In (NP July)) , (NP-SBJ the company) (VP stunned (NP Wall Street) (PP with (NP the prediction (SBAR that (S (NP-SBJ (NP growth) (PP-LOC in (NP the personal computer business)) (ADVP overall)) (VP would (VP be (NP-PRD (NP (QP only 10) %) (NP *ICH*-1)) (PP-TMP in (NP 1990)) , (NP-1 (NP a modest increase) (SBAR (WHADVP-3 when) (S (NP-SBJ-2 *) (VP compared (NP *-2) (PP-CLR with (NP (NP the sizzling expansion) (PP of (NP (NP years) (ADJP past))))) (ADVP-TMP *T*-3)))))))))))) .)) (TOP (S (NP-SBJ-2 Investors) (PRN -- (S-ADV (NP-SBJ *-2) (VP taking (NP this) (PP-CLR as (NP a sign (SBAR that (S (NP-SBJ a broad industry slump) (VP was (PP-LOC-PRD in (NP the offing))))))))) --) (VP reacted (PP-MNR by (S-NOM (NP-SBJ *-2) (VP selling (NP (NP (NP the company 's) stock) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP lost (NP $ 3.25 *U*) (NP-TMP that day) (S-CLR (NP-SBJ *) (VP to (VP close (PP-CLR at (NP $ 52 *U*)) (PP-LOC in (NP national over-the-counter trading))))))))))))) .)) (TOP (S But (NP-SBJ that) (VP was (ADVP-TMP-PRD (NP (QP all of three) months) ago)) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ Microsoft) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ (NP revenue) (PP for (NP (NP its first quarter) (VP ended (NP-TMP Sept. 30))))) (VP to (VP increase (NP-EXT 34 %)))))))) .)) (TOP (S (NP-SBJ The announcement) (VP caused (S (NP-SBJ-1 (NP the company 's) stock) (VP to (VP surge (NP-EXT $ 6.50 *U*) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (NP $ 75.50 *U*) (NP-ADV a share)))))))))) .)) (TOP (S (NP-SBJ (NP Microsoft 's) surprising strength) (VP is (NP-PRD (NP one example) (PP of (NP (NP the difficulty) (VP facing (NP (NP investors) (VP looking (PP-CLR for (NP (NP reassurances) (PP about (NP (NP the financial health) (PP of (NP the computer firms))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP It) (S *EXP*-3)) (VP 's (ADJP-PRD hard) (S-3 (NP-SBJ *) (VP to (VP know (SBAR (WHNP-2 what) (S (NP-SBJ *) (VP to (VP expect (NP *T*-2) (PP-TMP at (NP this point))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Peter Rogers) , (NP (NP an analyst) (PP-LOC at (NP Robertson Stephens & Co)))) .)) (TOP (S `` (NP-SBJ The industry) (VP defies (NP characterization)) . '')) (TOP (S (S-PRP (NP-SBJ *-2) (VP To (VP illustrate))) , (NP-SBJ-2 Mr. Rogers) (VP said (SBAR that (S (PP-TPC-3 of (NP (NP the 14 computer-related firms) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP follows (NP *T*-1)))))) , (S (NP-SBJ (NP-4 half) (PP *T*-3)) (VP will (VP report (PP for (NP their (ADJP most recent) quarter)) (NP (NP earnings) (PP-LOC-5 below (NP (NP last year 's) results)))))) , and (S (NP=4 half) (PP-LOC=5 above (NP those results)))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-1 Among (NP (NP those companies) (VP expected (S (NP-SBJ *) (VP to (VP have (NP a down quarter))))))) (VP are (PP-LOC-PRD *T*-1)) (NP-SBJ (NP (NP Hewlett-Packard Co.) , (NP Amdahl Corp.) and (NP Sun Microsystems Inc.)) , (NP (NP generally solid performers) (PP-TMP in (NP the past)))) .)) (TOP (S (NP-SBJ-1 International Business Machines Corp.) (ADVP also) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP report (NP disappointing results)))))) .)) (TOP (S (NP-SBJ-1 Apple Computer Inc.) , (ADVP-TMP meanwhile) , (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP show (NP improved earnings) (PP for (NP (NP the period) (VP ended (NP-TMP Sept))))))))) .)) (TOP (S (NP-SBJ Another contradictory message) (VP comes (PP-DIR from (NP (NP Businessland Inc.) , (NP a computer retailer)))) .)) (TOP (S (PP-TMP In (NP July)) , (NP-SBJ the company) (VP reported (SBAR that (S (NP-SBJ (NP booming sales) (PP of (NP (NP new personal computers) (PP from (NP Apple and IBM))))) (VP had (VP resulted (PP-CLR in (S-NOM (NP-SBJ net income) (VP (ADVP more than) doubling (PP for (NP (NP its fourth quarter) (VP ended (NP-TMP June 30)))) (PP-DIR to (NP (NP (QP $ 7.4 million) *U*) , or (NP (NP 23 cents) (NP-ADV a share)))))))))))) .)) (TOP (S (NP-TMP This month) , (ADVP however) , (NP-SBJ Businessland) (VP warned (NP investors) (SBAR that (S (NP-SBJ (NP results) (PP for (NP (NP its first quarter) (VP ended (NP-TMP Sept. 30))))) (VP had n't (VP met (NP expectations)))))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (NP (NP earnings) (PP of (NP (NP (NP (QP 14 to 17) cents) (NP-ADV a share)) , (ADVP down (PP from (NP (NP 25 cents) (NP-ADV a share)) (PP-TMP in (NP the year-earlier period))))))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the earnings picture) (VP confuses))) , (NP-SBJ observers) (VP say (SBAR 0 (S (NP-SBJ (NP the major forces) (VP expected (S (NP-SBJ *) (VP to (VP shape (NP the industry) (PP-TMP in (NP the coming year))))))) (VP are (ADJP-PRD clearer))))) .)) (TOP (S (NP-SBJ-1 Companies) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP war (PP over (NP standards))))))) .)) (TOP (S (PP-LOC In (NP computer publishing)) , (NP-SBJ (NP a battle) (PP over (NP typefaces))) (VP is (VP hurting (NP (NP Adobe Systems Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP sells (NP (NP software) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP controls (NP (NP the image) (VP produced (NP *) (PP by (NP-LGS printers and displays)))))))))))))) .)) (TOP (S (S (PP-TMP Until (ADVP recently)) , (NP-SBJ Adobe) (VP had (NP (NP a lock) (PP on (NP (NP the market) (PP for (NP image software))))))) , but (S (NP-TMP last month) (NP-SBJ (NP (NP Apple) , (NP (NP Adobe 's) biggest customer)) , and (NP Microsoft)) (VP rebelled)) .)) (TOP (S (S (ADVP-TMP Now) (NP-SBJ the two firms) (VP are (VP collaborating (PP-CLR on (NP (NP an alternative) (PP to (NP (NP Adobe 's) approach))))))) , and (S (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ-1 they) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP carry (NP (NP IBM) , (NP (NP the biggest seller) (PP of (NP personal computers))) ,) (ADVP-CLR along (PP with (NP them)))))))))))) .)) (TOP (S (NP-SBJ (NP The short-term outlook) (PP for (NP (NP Adobe 's) business))) , (ADVP however) , (VP appears (ADJP-PRD strong)) .)) (TOP (S (NP-SBJ-2 The company) (VP is (VP beginning (S (NP-SBJ *-2) (VP to (VP ship (NP (NP a new software program) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP 's (VP being (VP heralded (NP *-1) (PP-CLR as (NP (NP a boon) (PP for (NP (NP owners) (PP of (NP (NP low-end printers) (VP sold (NP *) (PP by (NP-LGS Apple)))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 The program) (VP is (VP aimed (NP *-1) (PP-CLR at (S-NOM (NP-SBJ *) (VP improving (NP (NP the quality) (PP of (NP printed material)))))))) .)) (TOP (S (NP-SBJ (NP John Warnock) , (NP (NP Adobe 's) chief executive officer) ,) (VP said (SBAR 0 (S (NP-SBJ the (NAC-LOC Mountain View , Calif. ,) company) (VP has (VP been (VP receiving (NP (NP 1,000 calls) (NP-ADV a day) (PP about (NP the product))) (SBAR-TMP since (S (NP-SBJ-1 it) (VP was (VP demonstrated (NP *-1) (PP-LOC at (NP a computer publishing conference)) (ADVP-TMP (NP several weeks) ago))))))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ (NP competition) (PP between (NP (NP various operating systems) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP control (NP (NP the basic functions) (PP of (NP a computer)))))) ,))) (VP spells (NP (NP trouble) (PP for (NP (NP software firms) (ADVP generally))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP (VP creates (NP uncertainty)) and (VP (ADVP-TMP usually) slows (ADVP-CLR down) (NP sales)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Russ Crabs) , (NP (NP an analyst) (PP-LOC at (NP Soundview Financial Group)))) .)) (TOP (S (NP-SBJ Mr. Crabs) (VP said (SBAR 0 (S (NP-SBJ this) (ADVP probably) (VP is (PP-LOC-PRD behind (NP (NP the expected weak performance) (PP of (NP (NP Aldus Corp.) , (NP (NP maker) (PP of (NP a (ADJP widely used) computer publishing program))))))))))) .)) (TOP (S (NP-SBJ He) (VP expects (S (NP-SBJ Aldus) (VP to (VP report (NP (NP earnings) (PP of (NP (NP 21 cents) (NP-ADV a share))) (PP on (NP (NP revenues) (PP of (NP (QP $ 19.5 million) *U*)))) (PP for (NP its third quarter)) , (PP compared (PP with (NP (NP earnings) (PP of (NP (NP 30 cents) (NP-ADV a share))) (PP on (NP (NP revenue) (PP of (NP (QP 20.4 million))))) (PP-TMP in (NP the year-earlier period)))))))))) .)) (TOP (S (NP-SBJ-1 Aldus officials) (VP could n't (VP be (VP reached (NP *-1) (PP-PRP for (NP comment))))) .)) (TOP (S (PP On (NP the other hand)) , (NP-SBJ-1 (NP the battle) (PP of (NP the bus))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP grow (ADJP-PRD increasingly irrelevant)))))) .)) (TOP (S (NP-SBJ A bus) (VP is (NP-PRD (NP the data highway) (PP-LOC within (NP a computer)))) .)) (TOP (S (NP-SBJ IBM) (VP is (VP backing (NP (NP one type) (PP of (NP bus)) (VP called (S (NP-SBJ *) (ADJP-PRD microchannel)))) , (SBAR-ADV while (S (NP-SBJ (NP the nine other leading computer makers) , (PP including (NP (NP H-P) and (NP Compaq Computer Corp.))) ,) (VP have (VP chosen (NP another method))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ Users) (VP do n't (VP care (PP-CLR about (NP the bus))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Daniel Benton) , (NP (NP an analyst) (PP-LOC at (NP Goldman , Sachs & Co)))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (S (NP-SBJ (NP (NP Apple 's) family) (PP of (NP Macintosh computers))) , (PP for (NP instance)) , (VP uses (NP four different buses))) `` and (S (NP-SBJ-1 no one) (VP seems (S (NP-SBJ *-1) (VP to (VP mind)))))))) . '')) (TOP (S (NP-SBJ (NP The gap) (PP between (NP winners and laggards))) (VP will (VP grow)) .)) (TOP (S (PP-LOC In (NP personal computers)) , (NP-SBJ-1 Apple , Compaq and IBM) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP tighten (NP (NP their hold) (PP on (NP their business)))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 second-tier firms) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP lose (NP ground)))))) .)) (TOP (S (NP-SBJ Some lagging competitors) (ADVP even) (VP may (VP leave (NP the personal computer business) (ADVP altogether))) .)) (TOP (S (NP-SBJ-1 Wyse Technology) , (PP for (NP instance)) , (VP is (VP considered (S (NP-SBJ *-1) (NP-PRD (NP a candidate) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP sell (NP its troubled operation))))))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ-3 Wyse) (VP has (VP done (ADVP-MNR well) (S-CLR (NP-SBJ *-3) (VP establishing (NP a distribution business)))))) , but (S (NP-SBJ they) (VP have n't (VP delivered (NP (NP products) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP sell)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Kimball Brown) , (NP (NP an analyst) (PP-LOC at (NP Prudential-Bache Securities)))) .)) (TOP (S (NP-SBJ Mr. Brown) (VP estimates (SBAR 0 (S (NP-SBJ (NP Wyse) , (SBAR (WHNP-1 whose terminals business) (S (NP-SBJ *T*-1) (VP is (ADJP-PRD strong)))) ,) (VP will (VP report (NP (NP a loss) (PP of (NP (NP 12 cents) (NP-ADV a share))) (PP for (NP (NP its quarter) (VP ended (NP-TMP Sept)))))))))) .)) (TOP (S (NP-SBJ-1 Personal-computer makers) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP eat (ADVP-CLR away) (PP-CLR at (NP (NP the business) (PP of (NP (ADJP more traditional) computer firms))))))))) .)) (TOP (S (NP-SBJ-1 (NP (ADJP Ever-more powerful) desk-top computers) , (VP designed (NP *) (PP-CLR with (NP (NP (QP one or more) microprocessors) (PP as (NP their `` brains))))) , '') (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP (ADVP increasingly) take (PP-CLR on (NP (NP functions) (VP carried (PRT out) (PP by (NP-LGS (ADJP more expensive) minicomputers and mainframes)))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ-1 (NP The guys) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP make (NP traditional hardware))))) (VP are (ADVP really) (VP being (VP obsoleted (NP *-1) (PP-LGS by (NP microprocessor-based machines)))))) , '' (VP said (S *T*-3)) (NP-SBJ Mr. Benton) .)) (TOP (S (PP-PRP As (NP (NP a result) (PP of (NP this trend)))) , (NP-SBJ-1 longtime powerhouses (NX (NX H-P) , (NX IBM) and (NX Digital Equipment Corp.))) (VP are (VP scrambling (S (NP-SBJ *-1) (VP to (VP counterattack (PP-MNR with (NP (NP microprocessor-based systems) (PP of (NP their own))))))))) .)) (TOP (S But (NP-SBJ-1 they) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP act (ADVP-MNR quickly)))))) .)) (TOP (S (NP-SBJ Mr. Benton) (VP expects (S (NP-SBJ Compaq) (VP to (VP unveil (NP (NP a family) (PP of (NP high-end personal computers)) (SBAR *ICH*-1)) (NP-TMP later this year) (SBAR-1 (WHNP-5 that) (S (NP-SBJ-2 *T*-5) (VP are (ADJP-PRD powerful enough (S (NP-SBJ *-2) (VP to (VP serve (PP-CLR as (NP (NP the hub) (PP for (NP (NP communications) (PP-LOC within (NP (NP large networks) (PP of (NP desk-top machines))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP A raft) (PP of (NP new computer companies))) (ADVP also) (VP has (VP targeted (NP this `` server '' market))) .)) (TOP (S (NP-SBJ Population Drain) (VP Ends (PP For (NP Midwestern States))))) (TOP (S (NP-SBJ IOWA) (VP IS (VP MAKING (NP a comeback))) .)) (TOP (SINV (ADVP-PRD-TPC-1 So) (VP are (ADVP-PRD *T*-1)) (NP-SBJ Indiana , Ohio and Michigan) .)) (TOP (S (NP-SBJ (NP The population) (PP of (NP all four states))) (VP is (PP-LOC-PRD on (NP the upswing)) , (PP according (PP to (NP new Census Bureau estimates))) , (PP-TMP following (NP (NP declines) (PP-TMP throughout (NP the early 1980s))))) .)) (TOP (S (NP-SBJ The gains) , (S-ADV (NP-SBJ *) (VP to (VP be (ADJP-PRD sure)))) , (VP are (ADJP-PRD rather small)) .)) (TOP (S (S-TPC-1 (NP-SBJ Iowa) , (PP for (NP instance)) , (VP saw (S (NP-SBJ its population) (VP grow (PP-EXT by (NP (NP 11,000 people) , or (NP 0.4 %) ,)) (PP-TMP between (NP 1987 and 1988)))))) , (NP-SBJ the Census Bureau) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (ADVP Still) , (NP-SBJ even that modest increase) (VP is (NP-PRD (NP good news) (PP for (NP (NP a state) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had n't (VP grown (ADVP at all) (PP-TMP since (NP 1981)))))))))) .)) (TOP (S (PP-TMP Between (NP 1987 and 1988)) , (NP-SBJ North Dakota) (VP was (NP-PRD (NP the only state) (PP-LOC in (NP the Midwest)) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP lose (NP population) , (NP-ADV (NP a loss) (PP of (NP 4,000 people))))))))) .)) (TOP (S (S (NP-SBJ (NP Six) (PP of (NP the 12 midwestern states))) (VP have (VP been (VP growing (ADVP-MNR steadily) (PP-TMP since (NP 1980)))))) -- (NP (NP Illinois) , (NP Kansas) , (NP Minnesota) , (NP Missouri) , (NP South Dakota) and (NP Wisconsin)) .)) (TOP (S (NP-SBJ The Northeast) (VP has (VP been (VP holding (NP its own) (PP-LOC in (NP the population race))))) .)) (TOP (S (NP-SBJ (NP Seven) (PP of (NP nine states))) (VP have (VP grown (NP-TMP each year) (PP-TMP since (NP 1980)) , (PP including (NP (NP New York) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP lost (NP (NP 4 %) (PP of (NP its population))) (PP-TMP during (NP the 1970s))))))))) .)) (TOP (S And (SBAR-ADV although (S (NP-SBJ Pennsylvania and Massachusetts) (VP suffered (NP slight declines) (ADVP-TMP earlier (PP in (NP the decade)))))) , (NP-SBJ they) (VP are (VP growing (ADVP-TMP again))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ (NP several states) (PP-LOC in (NP the South and West))) (VP have (VP had (NP their own population turnaround))) .)) (TOP (S (S (NP-SBJ (NP Seven states) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP grew (PP-TMP in (NP the early 1980s)))))) (VP are (ADVP-TMP now) (VP losing (NP population)))) -- (NP (NP West Virginia) , (NP Mississippi) , (NP Louisiana) , (NP Oklahoma) , (NP Montana) , (NP Wyoming) and (NP Alaska)) .)) (TOP (S (S (ADVP Overall) , (ADVP though) , (NP-SBJ the South and West) (ADVP-TMP still) (VP outpace (NP the Northeast and Midwest))) , and (S (NP-SBJ (NP fast-growing states) (PP like (NP Florida and California))) (VP ensure (SBAR that (S (NP-SBJ the pattern) (VP will (VP continue)))))) .)) (TOP (S But (NP-SBJ-1 (NP the growth gap) (PP between (NP (NP the Sun Belt) and (NP other regions)))) (VP has (ADVP clearly) (VP started (S (NP-SBJ *-1) (VP narrowing)))) .)) (TOP (S-HLN (NP-SBJ More Elderly) (VP Maintain (NP Their Independence)))) (TOP (S (NP-ADV (NP THANKS) (PP TO (NP modern medicine))) , (NP-SBJ more couples) (VP are (VP growing (ADJP-PRD old) (ADVP together))) .)) (TOP (S And (PP-TMP (ADVP even) after (S-NOM (NP-SBJ *-1) (VP losing (NP a spouse)))) , (NP-SBJ-1 (NP more) (PP of (NP the elderly))) (VP are (VP staying (ADJP-PRD independent))) .)) (TOP (S (NP-SBJ (NP A new Census Bureau study) (PP of (NP the noninstitutionalized population))) (VP shows (SBAR that (S (NP-SBJ (NP 64 %) (PP of (NP (NP people) (ADJP aged (NP 65 to 74)))) (ADVP *ICH*-1)) (VP were (VP living (PP with (NP a spouse)) (PP-TMP in (NP 1988)) , (ADVP-1 up (PP from (NP 59 %) (PP-TMP in (NP 1970))))))))) .)) (TOP (S (NP-SBJ This) (VP does n't (VP mean (SBAR 0 (S (NP-SBJ-1 they) (VP 're (ADJP-PRD less likely (S (NP-SBJ *-1) (VP to (VP live (ADVP-MNR alone)))))))) , (ADVP however))) .)) (TOP (S (NP-SBJ That share) (VP has (VP remained (PP-LOC-PRD at (NP (QP about 24) %)) (PP-TMP since (NP 1970)))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ *T*-1) (VP has (VP changed)))) (VP is (SBAR-PRD that (S (NP-SBJ (NP more) (PP of (NP the young elderly))) (VP are (VP living (PP (PP with (NP spouses)) (CONJP rather than) (PP with (NP (NP other relatives) , (PP such as (NP children)))))))))) .)) (TOP (S (PP-TMP In (NP 1988)) , (NP-SBJ (NP 10 %) (PP of (NP (NP those) (ADJP aged (NP 65 to 74)))) (ADVP *ICH*-1)) (VP lived (PP with (NP (NP relatives) (ADJP other (PP than (NP spouses))))) , (ADVP-1 down (PP from (NP 15 %) (PP-TMP in (NP 1970))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ people) (VP get (ADJP-PRD even older)))) , (NP-SBJ many) (VP become (ADJP-PRD widowed)) .)) (TOP (S But (PP-LOC (ADVP even) among (NP (NP those) (ADJP (ADJP aged (NP 75)) and (ADJP older)))) , (NP-SBJ (NP the share) (VP living (PP with (NP a spouse)))) (VP rose (ADVP slightly) , (PP-DIR to (NP 40 %) (PP-TMP in (NP 1988))) (PP-DIR from (NP 38 %) (PP-TMP in (NP 1970)))) .)) (TOP (S (PP Like (NP their younger counterparts)) , (NP-SBJ-1 the older elderly) (VP are (ADJP-PRD less likely (S (NP-SBJ *-1) (VP to (VP live (PP with (NP other relatives))))))) .)) (TOP (S (NP-SBJ (NP (QP Only 17) %) (PP of (NP (NP those) (ADJP (ADJP aged (NP 75)) and (ADJP older))))) (VP lived (PP with (NP (NP relatives) (ADJP other (PP than (NP spouses))))) (PP-TMP in (NP 1988)) , (ADVP down (PP from (NP 26 %) (PP-TMP in (NP 1970))))) .)) (TOP (S (NP-SBJ (NP The likelihood) (PP of (S-NOM (NP-SBJ *) (VP living (ADVP-MNR alone) (PP-TMP beyond (NP (NP the age) (PP of (NP 75)))))))) (VP has (VP increased (PP-DIR to (NP 40 %)) (PP-DIR from (NP 32 %)))) .)) (TOP (S (NP-SBJ More people) (VP are (VP remaining (ADJP-PRD independent) (ADVP-TMP longer) (SBAR-PRP (ADVP presumably) because (S (NP-SBJ they) (VP are (ADJP-PRD better off) (ADVP physically and financially)))))) .)) (TOP (S-HLN (NP-SBJ Careers) (VP Count (ADVP Most) (PP For (NP the Well-to-Do))))) (TOP (S (NP-SBJ MANY AFFLUENT people) (VP place (NP (NP personal success) and (NP money)) (PP-LOC-CLR above (NP family))) .)) (TOP (S (PP At (ADJP least)) (NP-SBJ that) (VP 's (SBAR-NOM-PRD (WHNP-1 what) (S (NP-SBJ (NP a survey) (PP by (NP (NP Ernst & Young) and (NP Yankelovich , Clancy , Shulman)))) (VP indicates (NP *T*-1))))) .)) (TOP (S (NP-SBJ (NP Two-thirds) (PP of (NP respondents))) (VP said (SBAR 0 (S (NP-SBJ they) (VP (ADVP-MNR strongly) felt (NP-PRD the need (S (NP-SBJ *) (VP to (VP be (ADJP-PRD successful (PP in (NP their jobs)))))))))) , (SBAR-ADV while (S (NP-SBJ (QP fewer than half)) (VP said (SBAR 0 (S (NP-SBJ they) (VP (ADVP-MNR strongly) felt (NP-PRD the need (S (NP-SBJ *) (VP to (VP spend (NP more time) (PP with (NP their families))))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP (VP Being (ADJP successful (PP in (NP careers)))) and (VP spending (NP (NP the money) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP make (NP *T*-1)))))))) (VP are (NP-PRD top priorities) (PP for (NP this group))) .)) (TOP (S (PP Unlike (NP (NP most studies) (PP of (NP the affluent market)))) , (NP-SBJ this survey) (VP excluded (NP the super-rich)) .)) (TOP (S (S (NP-SBJ (NP Average household income) (PP for (NP the sample))) (VP was (NP-PRD $ 194,000 *U*))) , and (S (NP-SBJ-1 average net assets) (VP were (VP reported (NP *-1) (PP-CLR as (NP $ 775,000 *U*))))) .)) (TOP (S (NP-SBJ The goal) (VP was (S-PRD (NP-SBJ *) (VP to (VP learn (PP-CLR about (NP (NP one) (PP of (NP (NP (NP today 's) fastest-growing income groups) , (NP the upper-middle class))))))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ they) (VP represent (NP (NP (QP only 2) %) (PP of (NP the population)))))) , (NP-SBJ they) (VP control (NP (NP nearly one-third) (PP of (NP discretionary income)))) .)) (TOP (S (PP-LOC Across (NP the board)) , (NP-SBJ these consumers) (VP (VP value (NP quality)) , (VP buy (NP (SBAR-NOM (WHNP-2 what) (S (NP-SBJ they) (VP like (NP *T*-2)))) (CONJP rather than) just (SBAR-NOM (WHNP-3 what) (S (NP-SBJ they) (VP need (NP *T*-3)))))) , and (VP appreciate (NP (NP products) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD distinctive))))))) .)) (TOP (S (PP Despite (NP their considerable incomes and assets)) , (S (NP-SBJ (NP 40 %) (PP of (NP (NP the respondents) (PP-LOC in (NP the study))))) (VP do n't (VP feel (ADJP-PRD financially secure)))) , and (S (NP-SBJ one-fourth) (VP do n't (VP feel (SBAR that (S (NP-SBJ they) (VP have (VP made (NP it)))))))) .)) (TOP (S (NP-SBJ Twenty percent) (VP do n't (ADVP even) (VP feel (SBAR 0 (S (NP-SBJ they) (VP are (ADJP-PRD financially well off)))))) .)) (TOP (S (NP-SBJ (NP Many) (PP of (NP the affluent))) (VP are n't (ADJP-PRD comfortable (PP with (NP themselves))) , (ADVP either)) .)) (TOP (S (NP-SBJ (QP About 40) %) (VP do n't (VP feel (SBAR 0 (S (NP-SBJ they) (VP 're (ADJP-PRD (ADJP more able) (PP than (NP others)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ-1 twothirds) (VP feel (NP-PRD (NP some guilt) (PP about (S-NOM (NP-SBJ *-1) (VP being (NP-PRD affluent)))))))) , (NP-SBJ (QP only 25) %) (VP give (NP $ 2,500 *U* (QP or more)) (PP-DTV to (NP charity)) (NP-TMP each year)) .)) (TOP (S (S (NP-SBJ Thirty-five percent) (VP attend (NP religious services) (ADVP-TMP regularly))) ; (S (PP-TMP at (NP the same time)) , (NP-SBJ 60 %) (VP feel (SBAR that (S (PP-LOC in (NP life)) (NP-SBJ-1 one) (ADVP-TMP sometimes) (VP has (S (NP-SBJ *-1) (VP to (VP compromise (NP (NP one 's) principles))))))))) .)) (TOP (NP-HLN Odds and Ends)) (TOP (S (NP-SBJ (NP THE NUMBER) (PP of (NP (NP women and minorities) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP hold (NP (NP jobs) (PP-LOC in (NP top management)) (PP-LOC in (NP (NP the nation 's) largest banks))))))))) (VP has (VP (ADVP more than) doubled (PP-TMP since (NP 1978)))) .)) (TOP (S (NP-SBJ The American Bankers Association) (VP says (SBAR that (S (NP-SBJ women) (VP make (PRT up) (NP (NP 47 %) (PP of (NP (NP officials and managers) (PP-LOC in (NP the top 50 banks)))) , (ADVP up (PP from (NP 33 %) (PP-TMP in (NP 1978))))))))) .)) (TOP (S (NP-SBJ (NP The share) (PP of (NP minorities)) (PP-LOC in (NP those positions))) (VP has (VP risen (PP-DIR to (NP 16 %)) (PP-DIR from (NP 12 %)))) ... .)) (TOP (S (NP-SBJ (NP Per-capita personal income) (PP-LOC in (NP the U.S.))) (VP grew (ADVP-MNR (ADVP faster) (PP than (NP inflation))) (NP-TMP last year) , (PP according (PP to (NP (NP the Bureau) (PP of (NP Economic Analysis)))))) .)) (TOP (S (NP-SBJ (NP The amount) (PP of (NP income)) (VP divvied (NP *) (PRT up) (PP for (NP each man , woman and child)))) (VP was (NP-PRD (NP $ 16,489 *U*) (ADVP *ICH*-1)) (PP-TMP in (NP 1988)) , (ADVP-1 up (NP 6.6 %) (PP from (NP $ 15,472 *U*) (PP-TMP in (NP 1987))))) .)) (TOP (S (NP-SBJ (ADJP Per capita) personal income) (VP ranged (PP-DIR (PP from (NP $ 11,116 *U*) (PP-LOC in (NP Mississippi))) (PP to (NP $ 23,059 *U*) (PP-LOC in (NP Connecticut))))) ... .)) (TOP (S (S-TPC-2 (NP-SBJ There) (VP are (NP-PRD (NP (QP 13.1 million) students) (PP-LOC in (NP college)) (ADVP *ICH*-1)) (NP-TMP this fall) , (ADVP-1 up (NP 2 %) (PP from (NP 1988))))) , (NP-SBJ (NP the National Center) (PP for (NP Education Statistics))) (VP estimates (SBAR 0 (S *T*-2))) .)) (TOP (S (S (NP-SBJ (QP About 54) %) (VP are (NP-PRD women))) , and (S (NP-SBJ 44 %) (VP are (NP-PRD part-time students))) .)) (TOP (S (NP-SBJ This small Dallas suburb) (VP 's (VP got (NP trouble))) .)) (TOP (S (FRAG (NP (NP Trouble) (PP with (NP a capital T)))) and (S (NP-SBJ that) (VP rhymes (PP-CLR with (NP P)))) and (S (NP-SBJ that) (VP stands (PP-CLR for (NP pool)))) .)) (TOP (S (ADVP (NP (QP More than 30) years) ago) , (NP-SBJ (NP Prof. Harold Hill) , (NP (NP the con man) (PP-LOC in (NP (NP Meredith Willson 's) `` (NX-TTL The Music Man)))) , '') (VP warned (NP (NP the citizens) (PP of (NP (NP River City) , (NP Iowa) ,))) (PP-CLR against (NP the game))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ (NP kindred spirits) (PP-LOC on (NP (NP Addison 's) town council))) (VP have (VP barred (NP-1 (NP (NP the town 's) fanciest hotel) , (NP the Grand Kempinski) ,) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP installing (NP three free pool tables) (PP-LOC-CLR in (NP its new lounge))))))) .)) (TOP (S (NP-SBJ (NP Mayor Lynn Spruill) and (NP (NP two members) (PP of (NP the council)))) (VP said (SBAR 0 (S (NP-SBJ they) (VP were (ADJP-PRD worried (PP about (S-NOM (NP-SBJ *) (VP setting (NP (NP a precedent) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP permit (NP pool halls) (PP-LOC along (NP (NP Addison 's) main street))))))))))))))) .)) (TOP (S And (NP-SBJ the mayor) , (PP-LOC in (NP (NP an admonition) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP bears (NP (NP a rhythmic resemblance) (PP to (NP Prof. Hill 's)))))))) , (VP warned (SBAR that `` (S (NP-SBJ alcohol) (VP leads (PP-DIR to (NP (NP betting) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP leads (PP-DIR to (NP fights))))))))))) . '')) (TOP (S (NP-SBJ (NP The council 's) action) (VP is (NP-PRD (NP (ADJP yet another) blow) (PP to (NP (NP a sport) (SBAR (WHNP-2 that) (S (NP-SBJ its fans) (VP claim (SBAR 0 (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP maligned (NP *-1) (ADVP-MNR unjustly) (PP-TMP for (NP years)))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (ADVP Obviously) (NP-SBJ they) (VP 're not (PP-PRD in (NP (NP touch) (PP with (SBAR-NOM (WHNP-2 what) (S (NP-SBJ *T*-2) (VP 's (VP going (PRT on)))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Tom Manske) , (NP (NP vice president) (PP of (NP the National Pocket Billiards Association)))) .)) (TOP (S-2 (NP-SBJ Pool) (VP is (ADJP-PRD hot) (PP-LOC in (NP (NP (NP New York) and (NP Chicago)) (PRN , (S (NP-SBJ he) (VP insists (SBAR 0 (S *T*-2)))) ,) (SBAR (WHADVP-3 where) (S `` (NP-SBJ upscale , suit-and-tie places) '' (VP are (VP adding (NP tables) (ADVP-LOC *T*-3)))))))) .)) (TOP (S-1 (PP With (NP (NP today 's) tougher drunk driving laws)) (PRN , (NP-SBJ he) (VP adds (SBAR 0 (S *T*-1))) ,) `` (NP-SBJ-2 people) (VP do n't (VP want (S (NP-SBJ *-2) (VP to (ADVP just) (VP (VP sit (ADVP-CLR around)) and (VP drink)))))) . '')) (TOP (S (ADVP Besides) , (NP-SBJ rowdy behavior) (VP seems (ADJP-PRD unlikely) (PP-LOC at (NP (NP the Grand Kempinski) , (SBAR (WHADVP-1 where) (S (S (NP-SBJ rooms) (VP average (NP (NP $ 200 *U*) (NP-ADV a night)) (ADVP-LOC *T*-1))) and (S (NP-SBJ the cheap mixed drinks) (VP go (PP-CLR for (NP (NP $ 3.50 *U*) (NP-ADV a pop))) (ADVP-LOC *T*-1)))))))) .)) (TOP (S (PP-LOC At (NP the lounge)) , (NP-SBJ manager Elizabeth Dyer) (VP wo n't (VP admit (NP (NP patrons) (PP-LOC in (NP (NP jeans) , (NP T-shirts) or (NP tennis shoes)))))) .)) (TOP (S But (NP-SBJ (NP a majority) (PP of (NP the Addison council))) (VP did n't (VP buy (NP those arguments))) .)) (TOP (S-1 (S-NOM-SBJ (NP-SBJ *) (VP Introducing (NP pool))) (PRN , (SINV (VP argued (SBAR 0 (S *T*-1))) (NP-SBJ Councilwoman Riley Reinker)) ,) (VP would (VP be `` (ADJP-PRD dangerous))) .)) (TOP (S (NP-SBJ It) (VP would (VP open (NP (NP a can) (PP of (NP worms))))) . '')) (TOP (S (NP-SBJ Addison) (VP is (NP-PRD (NP no stranger) (PP to (NP (NP cans) (PP of (NP worms))))) , (ADVP either)) .)) (TOP (S (SBAR-TMP After (S (NP-SBJ its previous mayor) (VP committed (NP suicide) (NP-TMP last year)))) , (NP-SBJ an investigation) (VP disclosed (SBAR that (S (NP-SBJ town officials) (ADVP-TMP regularly) (VP (VP voted (PP-CLR on (NP their own projects))) , (VP gave (NP special favors) (PP-DTV to (NP developer friends))) and (VP dipped (PP-DIR into (NP (NP the town 's) coffers)) (PP-PRP for (NP trips and retreats))))))) .)) (TOP (S (NP-SBJ The revelations) (VP embarrassed (NP town officials) , (SBAR-ADV although (S (NP-SBJ they) (VP argued (SBAR that (S (NP-SBJ the problems) (VP were n't (ADJP-PRD (ADJP as severe) (SBAR as (S (NP-SBJ the media) (VP suggested (SBAR 0 (S *?*))))))))))))) .)) (TOP (SINV (ADVP-TMP Now) (VP comes) (NP-SBJ the pool flap) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD (NP some people) (VP worried (PP-CLR about (NP (NP something) (ADJP pretty ridiculous)))))))))) , '' (NP-SBJ Councilman John Nolan) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP thought (SBAR 0 (S (NP-SBJ-1 this) (VP was all (VP taken (NP-CLR care) (PP-CLR of (NP *-1)) (PP-LOC in ` (NP-TTL The Music Man))))))) .)) (TOP (S (S (NP-SBJ (NP The only thing) (SBAR (WHNP-1 0) (S (NP-SBJ Robert Goldberg) (VP could (VP praise (NP *T*-1))))) (PP about (NP (NP (NP CBS 's) new show) `` (NP-TTL Island Son) '' (PRN -LRB- (NP (NP-TTL Leisure & Arts) , (NP-TMP Sept. 25)) -RRB-)))) (VP was (NP-PRD the local color))) ; (S (ADVP unfortunately) (NP-SBJ neither (NP he) nor (NP (NP the producers) (PP of (NP the show)))) (VP have (VP done (NP their homework)))) .)) (TOP (S (PP For (NP instance)) : (S (NP-SBJ `` (NP-SBJ Haole) '' (PRN -LRB- (NP white) -RRB-)) (VP is not (NP-PRD the ultimate insult))) ; (S `` (NP-SBJ Mainland haole) '' (VP is (NP-PRD *?*))) .)) (TOP (S (NP-SBJ-1 Richard Chamberlain) (VP dresses (PP-CLR as (NP a `` Mainland haole)) , '' (S-ADV (NP-SBJ *-1) (VP (VP tucking (PRT in) (NP a Hawaiian shirt)) and (VP rolling (PRT up) (NP its long sleeves))))) .)) (TOP (S And (NP-SBJ (NP the local expression) (PP for (NP brother))) (VP is (NP-PRD `` brah , '' not `` bruddah)) . '')) (TOP (S And (SBAR even if (S (NP-SBJ-1 a nurse) (VP would (VP wear (NP flowers) (PP-LOC-CLR in (NP her hair)) (SBAR-TMP while (S (NP-SBJ *-1) (PP-PRD on (NP duty)))))))) , (SBAR-ADV if (S (NP-SBJ she) (VP were (ADJP-PRD engaged)))) (NP-SBJ-2 she) (VP would (VP know (S (NP-SBJ *-2) (VP to (VP wear (NP them) (PP-LOC-CLR behind (NP her (ADJP left , not right ,) ear))))))) .)) (TOP (S (INTJ Sorry) , (NP-SBJ the show) (VP does not (ADVP even) (VP have (NP (NP the one redeeming quality) (PP of (NP genuine local color))))) .)) (TOP (NP Anita Davis)) (TOP (SBARQ (PP-TPC-2 Of (NP (NP all the ethnic tensions) (PP-LOC in (NP America)))) , (WHNP-1 (NP which) (PP *T*-2)) (SQ (NP-SBJ *T*-1) (VP is (NP-PRD the (ADJP most troublesome)) (ADVP-TMP right now))) ?)) (TOP (S (NP-SBJ A good bet) (VP would (VP be (NP-PRD (NP the tension) (PP between (NP blacks and Jews)) (PP-LOC in (NP New York City))))) .)) (TOP (S Or (ADVP-PRD-TPC-1 so) (NP-SBJ it) (VP must (VP seem (ADVP-PRD *T*-1) (PP to (NP (NP Jackie Mason) , (NP (NP the veteran Jewish comedian) (VP appearing (PP-LOC-CLR in (NP (NP a new ABC sitcom) (VP airing (PP-TMP on (NP (NP Tuesday) nights)) (PRN -LRB- (NP-TMP 9:30-10 p.m. EDT) -RRB-)))))))))) .)) (TOP (S (ADVP Not only) (SINV (VP is (NP-PRD *ICH*-1)) (NP-SBJ Mr. Mason) (NP-PRD-1 (NP the star) (PP of `` (NP-TTL Chicken Soup)))) , '' (S (S (NP-SBJ he) (VP 's (ADVP also) (NP-PRD (NP the inheritor) (PP of (NP (NP a comedic tradition) (VP dating (ADVP-DIR back (PP to `` (NP-TTL Duck Soup))))))))) , '' and (S (NP-SBJ he) (VP 's (ADVP-TMP currently) (NP-PRD (NP a man) (PP-LOC in (NP hot water)))))) .)) (TOP (SINV (ADVP-LOC-PRD-TPC-1 Here) , (PP-LOC in (NP neutral language)) , (VP is (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP the gist) (PP of (NP (NP (NP Mr. Mason 's) remarks) , (VP (VP quoted (NP *) (ADVP-TMP first) (PP-LOC-2 in (NP the Village Voice)) (SBAR-TMP-3 while (S (NP-SBJ he) (VP was (NP-PRD (NP a paid spokesman) (PP for (NP the Rudolph Giuliani mayoral campaign))))))) , and then (VP (PP-LOC=2 in (NP Newsweek)) (SBAR-TMP=3 after (S (NP-SBJ (NP he) and (NP the campaign)) (VP parted (NP company))))))))) .)) (TOP (S (NP-SBJ Mr. Mason) (VP said (SBAR that (S (S (NP-SBJ many Jewish voters) (VP feel (ADJP-PRD guilty (PP toward (NP blacks))))) , so (S (NP-SBJ they) (VP support (NP black candidates) (ADVP-MNR uncritically)))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (S (NP-SBJ many black voters) (VP feel (ADJP-PRD bitter) (PP about (NP racial discrimination)))) , so (S (NP-SBJ they) , (ADVP too) , (VP support (NP black candidates) (ADVP-MNR uncritically)))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR that (S (NP-SBJ Jews) (VP have (VP contributed (NP (NP more) (PP *ICH*-2)) (PP-CLR to (NP black causes)) (PP-TMP over (NP the years)) (PP-2 than (ADVP vice versa))))))) .)) (TOP (S (PP Of (NP course)) , (NP-SBJ Mr. Mason) (VP did not (VP use (NP neutral language))) .)) (TOP (S (PP As (NP (NP a practitioner) (PP of (NP ethnic humor)) (PP from (NP (NP the old days) (PP-LOC on (NP (NP the Borscht Belt) , (NP live television) and (NP the nightclub circuit))))))) , (NP-SBJ Mr. Mason) (VP (ADVP-MNR instinctively) reached (PP-CLR for (NP the vernacular))) .)) (TOP (S (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ Jews) (VP were `` (ADJP-PRD sick (PP with (NP complexes))) ''))))) ; and (S (NP-SBJ he) (VP called (S (NP-SBJ (NP David Dinkins) , (NP (NP Mr. Giuliani 's) black opponent) ,) `` (NP-PRD (NP a fancy shvartze) (PP with (NP a mustache)))))) . '')) (TOP (SQ (SBAR-ADV If (S (NP-SBJ-1 Mr. Mason) (VP had (VP used (NP (ADJP less derogatory) language) (S-CLR (NP-SBJ *-1) (VP to (VP articulate (NP (NP his amateur analysis) (PP of (NP (NP the voting behavior) (PP of (NP his fellow New Yorkers)))))))))))) , would (NP-SBJ the water) (VP be (ADJP-PRD quite so hot)) ?)) (TOP (S (NP-SBJ It) (ADVP probably) (VP would (VP *?* , (SBAR-PRP because (S (NP-SBJ-1 (NP few or none) (PP of (NP (NP the people) (ADJP upset (PP by (NP (NP Mr. Mason 's) remarks)))))) (VP have (VP bothered (S (NP-SBJ *-1) (VP to (VP distinguish (PP-CLR between (NP (NP (NP the substance) (PP of (NP his comments))) and (NP the fact (SBAR that (S (NP-SBJ he) (VP used (NP insulting language)))))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP some) (PP of (NP (NP Mr. Mason 's) critics))) (VP have (VP implied (SBAR that (S (NP-SBJ (NP his type) (PP of (NP ethnic humor))) (VP is (NP-ADV itself) (NP-PRD (NP a form) (PP of (NP racism)))))))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP the New York state counsel) (PP for (NP the NAACP))) (VP said (SBAR that (S (NP-SBJ Mr. Mason) (VP is `` (PP-PRD like (NP a dinosaur)))))) .)) (TOP (S (NP-SBJ People) (VP are (VP (ADVP-MNR fast) leaving (NP (NP the place) (SBAR (WHADVP-2 where) (S (NP-SBJ-1 he) (VP is (VP stuck (ADVP-LOC *T*-2)))))))) . '')) (TOP (S (NP-SBJ-3 These critics) (VP fail (S (NP-SBJ *-3) (VP to (VP distinguish (PP-CLR between (NP (NP (NP the type) (PP of (NP ethnic humor)) (SBAR (WHNP-1 that) (S (NP-SBJ-5 *T*-1) (VP aims (PP-CLR at (S-NOM (NP-SBJ *-5) (VP disparaging (NP another group))))))) , (PP such as `` (NP Polish jokes) '')) ; and (NP (NP the type) (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP is (ADJP-PRD double-edged) , (S-ADV (NP-SBJ *-4) (VP aiming (ADVP-DIR inward (CONJP as well as) outward))))))))))))) .)) (TOP (S (S (NP-SBJ The latter) (ADVP typically) (VP is (NP-PRD (NP the humor) (PP of (NP the underdog))))) , and (S (NP-SBJ-1 it) (VP was (VP perfected (NP *-1) (PP by (NP-LGS both blacks and Jews)) (PP-LOC on (NP the minstrel and vaudeville stage)) (PP as (NP (NP a means) (PP of (S-NOM (NP-SBJ *-1) (VP mocking (NP (NP their (ADJP white and gentile) audiences) (ADVP along (PP with (NP themselves)))))))))))) .)) (TOP (S (PP-LOC In (NP (NP the hands) (PP of (NP (NP a zealot) (PP like (NP Lenny Bruce)))))) , (NP-SBJ this double-edged blade) (VP could (VP cut (NP both (NP the self) and (NP the audience)) (PP-CLR to (NP ribbons)))) .)) (TOP (S But (S-ADV (NP-SBJ-1 *) (VP wielded (NP *-1) (PP by (NP-LGS (NP a pro) (PP like (NP Jackie Mason)))))) , (NP-SBJ it) (VP is (NP-PRD (NP a constructive form) (PP of (NP mischief)))) .)) (TOP (SBARQ (WHADVP Why) (FRAG (ADJP constructive)) ?)) (TOP (S (FRAG (SBAR-PRP Because (S (PP despite (NP (NP all the media prattle) (PP about (S-NOM (NP-SBJ comedy and politics) not (VP mixing))))) , (NP-SBJ they) (VP are (ADJP-PRD similar (PP in (NP (NP one respect)))))))) : (S (NP-SBJ Both) (VP can (VP serve (PP-CLR as (NP (NP mechanisms) (PP for (S-NOM (NP-SBJ *) (VP (VP easing (NP tensions)) and (VP facilitating (NP (NP the co-existence) (PP of (NP (NP groups) (PP-LOC in (NP conflict)))))))))))))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRD (WHADVP-1 why) (S (NP-SBJ (NP it) (S *EXP*-2)) (VP 's (ADJP-PRD dangerous) (S-2 (NP-SBJ *) (VP to (VP have (S (NP-SBJ well-intentioned thought police) , (UCP-LOC (PP on (NP college campuses)) and (ADVP elsewhere)) , (VP taboo (NP (NP all critical mention) (PP of (NP group differences)))))))) (ADVP-PRP *T*-1))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ Elizabeth Kristol) (VP wrote (PP-LOC in (NP the New York Times)) (PP-TMP (ADVP just) before (NP the Mason donnybrook))))) , `` (ADVP Perhaps) (NP-SBJ intolerance) (VP would not (VP boil (PRT over) (PP with (NP such intensity)) (SBAR-ADV if (S (NP-SBJ-1 honest differences) (VP were (VP allowed (S (NP-SBJ *-1) (VP to (VP simmer))))))))) . '')) (TOP (S (NP-SBJ The question) (VP is , (SBARQ-PRD (SBAR-ADV (SBAR if (S (NP-SBJ group conflicts) (ADVP-TMP still) (VP exist (PRN -LRB- (SBAR-ADV as (S (ADVP undeniably) (NP-SBJ they) (VP do (VP *?*)))) -RRB-)))) , and (SBAR if (S (NP-SBJ (NP (NP Mr. Mason 's) type) (PP of (NP ethnic humor))) (VP is (ADJP-PRD passe))))) , (ADVP then) (WHNP-1 (NP what other means) (PP *ICH*-2)) (SQ do (NP-SBJ we) (VP have (NP *T*-1) (PP-2 for (S-NOM (NP-SBJ *) (VP letting (PRT off) (NP steam)))))) ?)))) (TOP (S (NP-SBJ *) (VP Do n't (VP say (SBAR 0 (FRAG (NP the TV sitcom))) , (SBAR-PRP because (S (NP-SBJ-2 that) (VP happens (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP a genre) (SBAR (WHNP-1 that) , (S (PP-LOC in (NP its desperate need (S (NP-SBJ *) (VP to (VP (VP attract (NP everybody)) and (VP offend (NP nobody))))))) , (NP-SBJ *T*-1) (VP resembles (NP politics) (ADVP (ADVP more) (SBAR than (S (NP-SBJ it) (VP does (VP *?* (NP comedy)))))))))))))))))) .)) (TOP (S (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP is (ADJP-PRD true) (SBAR-1 that (S (NP-SBJ the best sitcoms) (VP do (VP allow (S (NP-SBJ group differences) (VP to (VP simmer))))))))) : (FRAG (FRAG (NP (NP yuppies) (PP vs. (NP blue-collar Bostonians))) (PP-LOC in `` (NP-TTL Cheers) '')) ; (FRAG (NP (NP children) (PP vs. (NP adults))) (PP-LOC in `` (NP-TTL The Cosby Show)))) . '')) (TOP (S But (NP-SBJ these) (VP are not (NP-PRD (NP the differences) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP make (NP headlines)))))) .)) (TOP (S (PP In `` (NP-TTL Chicken Soup)) , '' (NP-SBJ Mr. Mason) (VP plays (NP (NP Jackie) , (NP (NP a Jewish bachelor) (VP courting (NP (NP Maddie) (PRN -LRB- (NP Lynn Redgrave) -RRB-) , (NP (NP an Irish widow and mother) (PP of (NP three)))) , (PP against (NP (NP the wishes) (PP of (NP (NP (NP his mother) (PRN -LRB- (NP Rita Karin) -RRB-)) and (NP (NP her brother Michael) (PRN -LRB- (NP Brandon Maggart) -RRB-)))))))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP 's (ADJP-PRD worth (NP noting)) (SBAR-1 that (S (NP-SBJ both disapproving relatives) (VP are (NP-PRD immigrants))))) .)) (TOP (S (PP At (NP least)) , (NP-SBJ they) both (VP speak (PP with (NP strong accents)) , (SBAR-ADV as (SINV (VP do (VP *?*)) (NP-SBJ Jackie and Maddie)))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP could n't (VP be (ADJP-PRD more obvious) (SBAR-1 that (S `` (NP-TTL-SBJ-2 Chicken Soup) '' (VP is (VP being (VP made (NP-TTL *-2) (PP from (NP an old recipe))))))))) .)) (TOP (S (FRAG And (NP a safe one)) -- (S (NP-SBJ *) (VP imagine (SBAR-ADV if (S (NP-SBJ (NP the romance) (PP in (NP question))) (VP were (PP-PRD between (NP (NP an Orthodox Jew) and (NP (NP a member) (PP of (NP (NP the Nation) (PP of (NP Islam)))))))))))) .)) (TOP (S (ADVP-TMP Back (PP in (NP the 1920s))) , (NP-SBJ (NP the play and movie versions) (PP of `` (NP-TTL (NP Abie 's) Irish Rose) '')) (VP made (S (NP-SBJ (NP the theme) (PP of (NP (NP courtship) (PP between (NP (NP the assimilated offspring) (PP of (NP (ADJP Jewish and Irish) immigrants))))))) (ADJP-PRD (ADJP so popular) (SBAR that (S (NP-SBJ (NP its author) , (NP Anne Nichols) ,) (VP lost (NP a plagiarism suit) (PP on (NP the grounds (SBAR that (S (NP-SBJ the plot) (VP has (VP entered (NP the public domain))))))))))))) .)) (TOP (S And (NP-SBJ it) (VP has (VP remained (ADVP-LOC-PRD there) , (SBAR-ADV as (S (NP-SBJ-2 *) (VP evidenced (NP *-2) (PP by (NP-LGS (NP its reappearance) (PP-LOC in (NP (NP a 1972 CBS sitcom) (VP called (S (NP-SBJ *) `` (S-TTL-PRD (NP-SBJ Bridget) (VP Loves (NP Bernie))))) , '' (SBAR (WHNP-1 whose sole distinction) (S (NP-SBJ *T*-1) (VP was (SBAR-PRD that (S (NP-SBJ it) (VP led (PP-DIR to (NP (NP the real-life marriage) (PP of (NP (NP Meredith Baxter) and (NP David Birney)))))))))))))))))))) .)) (TOP (S (ADVP Clearly) , (NP-SBJ (NP the question) (PP with `` (NP-TTL Chicken Soup) '')) (VP is not (SBAR-PRD (SBAR whether (S (NP-SBJ the pot) (VP will (VP boil (PRT over))))) , but (SBAR whether (S (NP-SBJ it) (VP will (VP simmer (ADVP at all))))))) .)) (TOP (S (ADVP-TMP So far) , (NP-SBJ the bubbles) (VP have (VP been (UCP-PRD (NP few) and (ADVP far between)))) .)) (TOP (S (NP-SBJ (NP Part) (PP of (NP the problem))) (VP is (NP-PRD (NP the tendency (S *ICH*-1)) (PP of (NP all sitcoms)) , (PP-TMP (ADVP ever) since (NP (NP the didactic days) (PP of (NP Norman Lear)))) , (S-1 (NP-SBJ *) (VP to (VP preach (PP-CLR about (NP social issues))))))) .)) (TOP (S (PP To (NP some extent)) , (NP-SBJ this tendency) (VP emerges (SBAR-TMP (WHADVP-1 whenever) (S (NP-SBJ-2 the show) (VP tries (S (NP-SBJ-3 *-2) (VP to (VP enlighten (NP us) (PP-CLR about (NP ethnic stereotypes)) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP reversing (NP them))))))) (ADVP-TMP *T*-1))))) .)) (TOP (S (PP For (NP instance)) , (NP-SBJ Michael) (VP dislikes (NP Jackie) (SBAR-PRP not (SBAR because (S (NP-SBJ he) (VP 's (NP-PRD a shrewd Jewish businessman)))) , but (SBAR because (S (NP-SBJ-1 he) (VP quits (NP (NP his well-paying job) (PP as (NP a salesman))) (SBAR-PRP in order (S (NP-SBJ *-1) (VP to (VP become (NP-PRD a social worker)))))))))) .)) (TOP (SINV (ADJP-PRD-TPC-1 (ADVP Even more) problematic) (VP is (ADJP-PRD *T*-1)) (NP-SBJ (NP the incompatibility) (PP between (NP (NP sitcom preachiness) and (NP (NP Mr. Mason 's) comic persona)))) .)) (TOP (S (NP-SBJ (NP The best moments) (PP-LOC in (NP the show))) (VP occur (PP-TMP (PP at (NP (NP the beginning) and (NP the end))) (PRN -LRB- and (ADVP occasionally) (PP in (NP (NP the middle) -RRB- , (SBAR (WHADVP-2 when) (S (NP-SBJ-1 Mr. Mason) (VP (VP slips (PP-DIR into (NP his standup mode)) (ADVP-TMP *T*-2)) and (VP starts (S (NP-SBJ *-1) (VP meting (PRT out) (NP that old-fashioned Jewish mischief) (PP-CLR (PP to (NP other people)) (CONJP as well as) (PP to (NP himself))))) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S But (ADVP-TMP too often) , (NP-SBJ these routines) (VP lack (NP spark) (SBAR-PRP because (S (NP-SBJ-1 this sitcom) , (PP like (NP all sitcoms)) , (VP is (ADJP-PRD timid (PP about (S-NOM (NP-SBJ *-1) (VP confronting (NP (NP (NP (NP Mr. Mason 's) stock) (PP in (NP trade))) - (NP ethnic differences)))))))))) .)) (TOP (S (NP-SBJ I) (VP 'm not (VP suggesting (SBAR that (S (NP-SBJ-1 the producers) (VP start (S (NP-SBJ *-1) (VP putting (ADVP-CLR together) (NP (NP episodes) (PP about (NP (NP topics) (PP like (NP (NP the Catholic-Jewish dispute) (PP over (NP (NP the Carmelite convent) (PP-LOC at (NP Auschwitz)))))))))))))))) .)) (TOP (S (NP-SBJ-1 That issue) , (PP like (NP (NP racial tensions) (PP-LOC in (NP New York City)))) , (VP will (VP have (S (NP-SBJ *-1) (VP to (VP (VP cool (ADVP-CLR down)) , not (VP heat (ADVP-CLR up)) ,))) (SBAR-TMP before (S (NP-SBJ it) (VP can (VP simmer)))))) .)) (TOP (S But (NP-SBJ I) (VP am (VP suggesting (SBAR that (S (NP-SBJ they) (VP stop (VP requiring (S (NP-SBJ Mr. Mason) (VP to (VP interrupt (NP his classic shtik) (PP with (NP (NP some line) (PP about `` (S-NOM (NP-SBJ *) (VP caring (PP-CLR for (NP other people)))) '') (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP sound (ADJP-PRD shmaltzy) (PP-LOC on (NP (NP the lips) (PP of (NP Miss America))))))))))))))))))) .)) (TOP (S (PP-TMP At (NP your age)) , (NP-VOC Jackie) , (NP-SBJ-2 you) (VP ought (S (NP-SBJ *-2) (VP to (VP know (SBAR that (S (NP-SBJ-1 you) (VP ca n't (VP make (NP soup) (PP without (S-NOM (NP-SBJ *-1) (VP turning (PRT up) (NP the flame)))))))))))) .)) (TOP (S (NP-SBJ (NP The official White House reaction) (PP to (NP (NP a plunge) (PP-LOC in (NP stock prices))))) (VP has (NP (NP a 60-year history) (PP of (NP calm))) , (ADVP-TMP right up (PP through (NP Friday)))) .)) (TOP (S (NP-SBJ Treasury Secretary Nicholas Brady) (VP said (PP-LOC in (NP a statement)) (NP-TMP Friday) (SBAR that (S (NP-SBJ the stock-market decline) `` (VP does n't (VP signal (NP (NP any fundamental change) (PP-LOC in (NP (NP the condition) (PP of (NP the economy)))))))))) . '')) (TOP (S-1 (S `` (NP-SBJ The economy) (PRN , '' (S (NP-SBJ he) (VP added (SBAR 0 (S *T*-1)))) ,) `` (VP remains (ADJP-PRD well-balanced))) and (S (NP-SBJ the outlook) (VP is (PP-PRD for (NP continued moderate growth)))) . '')) (TOP (S (NP-SBJ *) (VP Sound (ADJP-PRD familiar)) ?)) (TOP (S (SINV (ADVP-LOC-PRD-TPC-2 Here) (VP 's (ADVP-LOC-PRD *T*-2)) (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ Ronald Reagan) (VP said (NP *T*-1) (PP-TMP after (NP the 1987 crash)))))) : `` (S (NP-SBJ The underlying economy) (VP remains (ADJP-PRD sound))) .)) (TOP (S (S (NP-SBJ There) (VP is (NP-PRD (NP nothing) (ADJP wrong (PP with (NP the economy)))))) ... (S (NP-SBJ all the indices) (VP are (ADVP-PRD up))) . '')) (TOP (S (NP-SBJ *) (VP Heard (NP that) (ADVP-TMP before)) ?)) (TOP (S (PP-TMP After (NP the 1929 crash)) , (NP-SBJ Herbert Hoover) (VP said : (SBAR 0 `` (S (NP-SBJ (NP The fundamental business) (PP of (NP the country))) ... (VP is (PP-LOC-PRD on (NP a (ADJP sound and prosperous) basis)))))) .)) (TOP (S (NP-SBJ-1 (NP James Robinson) , (ADJP (NP 57 years) old) ,) (VP was (VP elected (S (NP-SBJ *-1) (NP-PRD (NP (NP president) and (NP chief executive officer)) (PP of (NP (NP this maker) (PP of (NP (NP magnetic recording heads) (PP for (NP disk drives)))))))))) .)) (TOP (S (NP-SBJ He) (VP has (VP been (NP-PRD (NP (NP president) and (NP chief executive officer)) (PP of (NP (NP Amperex Electronics Corp.) , (NP (NP a division) (PP of (NP (NP North American Philips Corp.) , (NP (NP itself) (NP (NP a subsidiary) (PP of (NP (NP N.V . Philips) (PP of (NP the Netherlands)))))))))))))) .)) (TOP (S (NP-SBJ (NP Charles J. Lawson Jr.) , (NP 68) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP been (NP-PRD acting chief executive) (PP-TMP since (NP June 14))))))) , (VP will (VP continue (PP as (NP chairman)))) .)) (TOP (S (NP-SBJ (NP The former (NX (NX president) and (NX chief executive))) , (NP Eric W. Markrud) ,) (VP resigned (PP-TMP in (NP June))) .)) (TOP (S (NP-SBJ (NP The Senate 's) decision (S (NP-SBJ *) (VP to (VP approve (NP (NP a bare-bones deficit-reduction bill) (PP without (NP a capital-gains tax cut))))))) (ADVP still) (VP leaves (S (ADJP-PRD open) (NP-SBJ (NP the possibility) (PP of (S-NOM (NP-SBJ *) (VP enacting (NP a gains tax reduction) (NP-TMP this year))))))) .)) (TOP (S (NP-TMP Late Friday night) , (NP-SBJ-1 the Senate) (VP voted (ADVP 87-7) (S (NP-SBJ *-1) (VP to (VP approve (NP (NP an estimated (ADJP (QP $ 13.5 billion) *U*) measure) (SBAR (WHNP-2 that) (S (NP-SBJ-8 *T*-2) (VP had (VP been (VP stripped (NP *-8) (PP-CLR of (NP (NP (NP hundreds) (PP of (NP provisions))) (SBAR (WHNP-9 that) (S (NP-SBJ *T*-9) (VP would (VP have (VP widened , (CONJP rather than) narrowed , (NP the federal budget deficit)))))))))))))))))) .)) (TOP (S (NP-SBJ-1 Lawmakers) (VP (ADVP-MNR drastically) streamlined (NP the bill) (S-PRP (NP-SBJ *-1) (VP to (VP blunt (NP criticism (SBAR that (S (NP-SBJ it) (VP was (ADJP-PRD bloated (PP with (NP special-interest (NX (NX tax breaks) and (NX spending increases))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're (VP putting (NP a deficit-reduction bill) (ADVP-DIR back) (PP-PUT in (NP (NP the category) (PP of (S-NOM (NP-SBJ *) (VP being (NP-PRD a deficit-reduction bill))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Senate Budget Committee Chairman James Sasser) (PRN -LRB- (NP D.) , (NP-LOC Tenn .) -RRB-)) .)) (TOP (S But (NP-SBJ (NP Senate supporters) (PP of (NP the trimmer legislation))) (VP said (SBAR that (S (NP-SBJ (NP other bills) (SBAR *ICH*-2)) (VP would (ADVP-TMP soon) (VP be (VP moving (PP-DIR through (NP Congress)) (SBAR-2 (WHNP-4 that) (S (NP-SBJ *T*-4) (VP could (VP carry (NP (NP some) (PP of (NP (NP the measures) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP had (VP been (VP cast (NP *-3) (ADVP-DIR aside)))))))) , (PP including (NP a capital-gains tax cut))))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP the companion deficit-reduction bill) (VP (ADVP-TMP already) passed (NP *) (PP by (NP-LGS the House)))) (VP includes (NP a capital-gains provision)) .)) (TOP (S (NP-SBJ-1 House-Senate negotiations) (VP are (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP (VP begin (PP-TMP at (NP midweek))) and (VP last (PP-TMP for (NP a while)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ No one) (VP can (VP predict (SBAR (WHNP-1 exactly what) (S (NP-SBJ *T*-1) (VP will (VP happen (PP-LOC on (NP the House side))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Senate Minority Leader Robert Dole) (PRN -LRB- (NP R.) , (NP-LOC Kan .) -RRB-)) .)) (TOP (S-1 But (PRN , (S (NP-SBJ he) (VP added (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ I) (VP believe (SBAR 0 (S (NP-SBJ-2 Republicans and Democrats) (VP will (VP work (ADVP-MNR together) (S-CLR (NP-SBJ *-2) (VP to (VP get (NP capital-gains reform) (NP-TMP this year))))))))) . '')) (TOP (S (NP-SBJ White House Budget Director Richard Darman) (VP told (NP reporters) (NP-TMP yesterday) (SBAR that (S (NP-SBJ-1 the administration) (VP would n't (VP push (S (NP-SBJ *-1) (VP to (VP keep (NP the capital-gains cut) (PP-LOC-CLR in (NP (NP the final version) (PP of (NP the bill)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP do n't (VP need (NP this) (PP-CLR as (NP (NP a way) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP get (NP capital gains) (ADVP *T*-2)))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP House Budget Committee Chairman Leon Panetta) (PRN -LRB- (NP D.) , (NP-LOC Calif .) -RRB-)) (VP said (PP-LOC in (NP an interview)) , (SBAR 0 `` (S (SBAR-ADV If (S (NP-SBJ that) (VP 's (NP-PRD (NP the signal) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP comes (PP-DIR from (NP the White House))))))))) , (NP-SBJ that) (VP will (VP help (NP-ADV a great deal)))))) . '')) (TOP (S (NP-SBJ (NP The Senate 's) decision) (VP (VP was (NP-PRD (NP a setback) (PP for (NP President Bush)))) and (VP will (VP make (S (NP-SBJ (NP approval) (PP of (NP a capital-gains tax cut))) (ADJP-PRD less certain) (NP-TMP this year))))) .)) (TOP (S (NP-SBJ (NP Opponents) (PP of (NP the cut))) (VP are (VP playing (NP hardball))) .)) (TOP (S (NP-SBJ (NP Senate Majority Leader George Mitchell) (PRN -LRB- (NP D.) , (NP-LOC Maine) -RRB-)) (VP said (SBAR 0 (S (NP-SBJ he) (VP was (ADJP-PRD `` confident '' (SBAR that (S (NP-SBJ (NP any House-Senate agreement) (PP on (NP the deficit-reduction legislation))) (VP would n't (VP include (NP a capital-gains tax cut)))))))))) .)) (TOP (S And (NP-SBJ (NP a senior aide) (PP to (NP (NP the House Ways and Means Committee) , (SBAR (WHADVP-2 where) (S (NP-SBJ tax legislation) (VP originates (ADVP-LOC *T*-2)))) ,))) (VP said (SBAR 0 (S (NP-SBJ there) (VP are n't (NP-PRD any `` plans (S (NP-SBJ *) (VP to (VP produce (NP (NP another tax bill) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP could (VP carry (NP a gains tax cut)))))) (NP-TMP this year))))))))) . '')) (TOP (S (NP-SBJ (NP One obvious place) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP attach (NP (NP a capital-gains tax cut) , and perhaps (NP (NP other popular items) (VP stripped (NP *) (PP-CLR from (NP the deficit-reduction bill)))) ,) (ADVP-LOC-CLR *T*-1)))))) (VP is (NP-PRD (NP the legislation) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP raise (NP the federal borrowing limit))))))) .)) (TOP (S (NP-SBJ-1 Such legislation) (VP must (VP be (VP enacted (NP *-1) (PP-TMP by (NP (NP the end) (PP of (NP the month))))))) .)) (TOP (S (NP-SBJ-1 The Senate bill) (VP was (VP pared (NP *-1) (ADVP-CLR back) (PP-LOC in (NP an attempt (S (NP-SBJ *) (VP to (VP speed (NP deficit-reduction) (PP-DIR through (NP Congress))))))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ-1 the legislation) (VP has n't (VP been (VP completed (NP *-1)))))) , (NP-SBJ-2 President Bush) (VP has (PP-TMP until (NP (NP midnight) (NP-TMP tonight))) (S-CLR (NP-SBJ *-2) (VP to (VP enact (NP (NP across-the-board spending cuts) (VP mandated (NP *) (PP by (NP-LGS the Gramm-Rudman deficit-reduction law)))))))) .)) (TOP (S (NP-SBJ Senators) (VP hope (SBAR that (S (NP-SBJ the need (S (NP-SBJ *) (VP to (VP avoid (NP those cuts))))) (VP will (VP pressure (S (NP-SBJ the House) (VP to (VP agree (PP-CLR to (NP the streamlined bill)))))))))) .)) (TOP (S (NP-SBJ-1 The House) (VP appears (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP join (NP the senators)))))) .)) (TOP (S (NP-SBJ A key) (VP is (SBAR-PRD whether (S (NP-SBJ-1 House Republicans) (VP are (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP acquiesce (PP-CLR to (NP (NP their Senate colleagues ') decision (S (NP-SBJ *) (VP to (VP drop (NP many pet provisions)))))))))))))) .)) (TOP (S-3 `` (SBAR-ADV Although (S (NP-SBJ-1 I) (VP am (VP encouraged (NP *-1) (PP by (NP-LGS the Senate action)))))) (PRN , '' (SINV (VP said (S *T*-3)) (NP-SBJ (NP Chairman Dan Rostenkowski) (PRN -LRB- (NP D.) , (NP-LOC Ill .) -RRB-) (PP of (NP the House Ways and Means Committee)))) ,) `` (NP-SBJ (NP it) (SBAR *EXP*-4)) (VP is (ADJP-PRD uncertain) (SBAR-4 whether (S (NP-SBJ-2 a clean bill) (VP can (VP be (VP achieved (NP *-2) (PP-LOC in (NP (NP the upcoming conference) (PP with (NP the Senate)))))))))) . '')) (TOP (S (NP-SBJ (NP Another big question) (VP hovering (PP-LOC-CLR over (NP the debate)))) (VP is (SBAR-PRD (WHNP-1 what) (S (NP-SBJ President Bush) (VP thinks (NP *T*-1))))) .)) (TOP (S (NP-SBJ He) (VP has (VP been (VP resisting (NP (NP a stripped-down bill) (PP without (NP (NP a guaranteed vote) (PP on (NP his capital-gains tax cut)))))))) .)) (TOP (S But (S (NP-SBJ Republican senators) (VP saw (NP (NP no way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP (VP overcome (NP a procedural hurdle) (ADVP-MNR *T*-1)) and (VP garner (NP (NP the 60 votes) (VP needed (NP *) (S-CLR (NP-SBJ *) (VP to (VP win (NP the capital-gains issue) (PP-LOC on (NP the floor))))))) (ADVP-MNR *T*-1))))))))) , so (S (NP-SBJ they) (VP went (ADVP-DIR ahead (PP with (NP the streamlined bill))))) .)) (TOP (S (NP-SBJ-1 The Senate bill) (VP was (VP stripped (NP *-1) (PP-CLR of (NP (NP many (ADJP popular , though revenue-losing ,) provisions) , (SBAR (WHNP-2 (NP a number) (WHPP of (WHNP which))) (S (NP-SBJ-3 *T*-2) (VP are (VP included (NP *-3) (PP-LOC-CLR in (NP the House-passed bill)))))))))) .)) (TOP (S (NP-SBJ These) (VP include (NP (NP a child-care initiative) and (NP (NP extensions) (PP of (NP (NP soon-to-expire tax breaks) (PP for (NP (NP low-income housing) and (NP research-and-development expenditures)))))))) .)) (TOP (SINV (ADVP Also) (VP-TPC-2 missing (PP-CLR from (NP the Senate bill))) (VP is (VP *T*-2)) (NP-SBJ (NP (NP the House 's) repeal) (PP of (NP (NP a law) , (VP called (S (NP-SBJ *) (NP-PRD Section 89))) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP compels (S (NP-SBJ companies) (VP to (VP give (NP rank-and-file workers) (NP (NP comparable health benefits) (PP to (NP (ADJP top paid) executives)))))))))))) .)) (TOP (S (NP-SBJ (NP One high-profile provision) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP (VP was (ADVP-TMP originally) (PP-LOC-PRD in (NP the Senate bill))) but (VP was (VP cut (NP *-3) (PRT out) (SBAR-PRP because (S (NP-SBJ it) (VP lost (NP money)))))))))) (VP was (NP-PRD (NP the proposal (S *ICH*-2)) (PP by (NP (NP Chairman Lloyd Bentsen) (PRN -LRB- (NP D.) , (NP-LOC Texas) -RRB-) (PP of (NP the Senate Finance Committee)))) (S-2 (NP-SBJ *) (VP to (VP expand (NP (NP the deduction) (PP for (NP individual retirement accounts)))))))) .)) (TOP (S (NP-SBJ Mr. Bentsen) (VP said (SBAR 0 (S (NP-SBJ he) (VP hopes (SBAR 0 (S (NP-SBJ the Senate) (VP will (VP consider (NP that measure) (ADVP-TMP soon))))))))) .)) (TOP (S (PP To (NP (NP the delight) (PP of (NP some doctors)))) , (NP-SBJ the bill) (VP dropped (NP (NP a plan) (VP passed (NP *) (PP by (NP-LGS the Finance Committee))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP have (VP overhauled (NP (NP the entire physician-reimbursement system) (PP-LOC under (NP Medicare)))))))))) .)) (TOP (S (PP To (NP (NP the detriment) (PP of (NP many low-income people)))) , (NP-SBJ-1 efforts (S (NP-SBJ *) (VP to (VP boost (NP (NP Medicaid funding) , (PP-LOC (ADVP especially) in (NP rural areas)) ,))))) (ADVP also) (VP were (VP stricken (NP *-1))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-3) (VP Asked (NP *-1) (SBAR (WHADVP-2 why) (S (NP-SBJ senators) (VP were (VP giving (PRT up) (NP so much) (ADVP-PRP *T*-2))))))) , (NP-SBJ-3 (NP New Mexico Sen. Pete Domenici) , (NP (NP the ranking Republican) (NP-LOC on (NP the Senate Budget Committee))) ,) (VP said , (SBAR 0 `` (S (NP-SBJ We) (VP 're (VP looking (PP-PRD like (NP idiots))))))) .)) (TOP (S (NP-SBJ Things) (VP had (ADVP just) (VP gone (ADVP-DIR too far))) . '')) (TOP (S (NP-SBJ Sen. Dole) (VP said (SBAR that (S (NP-SBJ the move) (VP required (NP (NP sacrifice) (PP by (NP every senator))))))) .)) (TOP (S-2 (NP-SBJ It) (VP worked (PRN , (S (NP-SBJ others) (VP said (SBAR 0 (S *T*-2)))) ,) (SBAR-PRP because (S (S (NP-SBJ there) (VP were (NP-PRD no exceptions))) : (S (NP-SBJ-1 all revenue-losing provisions) (VP were (VP stricken (NP *-1))))))) .)) (TOP (S (NP-SBJ The Senate) (ADVP also) (VP dropped (NP (NP a plan) (PP by (NP its Finance Committee)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP have (VP increased (NP (NP the income threshold) (SBAR (WHPP-3 beyond (WHNP which)) (S (NP-SBJ senior citizens) (VP have (S (NP-SBJ-2 their Social Security benefits) (VP reduced (NP *-2))) (PP-LOC *T*-3)))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the bill) (VP dropped (NP a plan (S (NP-SBJ *) (VP to (VP make (S (ADJP-PRD permanent) (NP-SBJ (NP a (ADJP 3 %) excise tax) (PP on (NP long-distance telephone calls))))))))) .)) (TOP (S (NP-SBJ It) (ADVP-TMP no longer) (VP includes (NP (NP a plan) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP have (VP repealed (SBAR (WHNP-3 what) (S (NP-SBJ *T*-3) (VP remains (PP-CLR of (NP (NP the completed-contract method) (PP of (NP accounting)) , (SBAR (WHNP-4 which) (S (NP-SBJ-1 *T*-4) (VP is (VP used (NP *-1) (PP by (NP-LGS-5 military contractors)) (S-CLR (NP-SBJ *-5) (VP to (VP reduce (NP their tax burden)))))))))))))))))))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP drops (NP (NP a provision) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP have (VP permitted (S (NP-SBJ-2 corporations) (VP to (VP use (NP excess pension funds) (S-CLR (NP-SBJ *-2) (VP to (VP pay (NP health benefits) (PP-PRP for (NP current retirees))))))))))))))) .)) (TOP (SINV (ADVP Also) (VP-TPC-2 stricken (NP *-3)) (VP was (VP *T*-2)) (NP-SBJ-3 (NP a fivefold increase) (PP-LOC in (NP the maximum Occupational Safety and Health Administration penalties)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP would (VP have (VP raised (NP (QP $ 65 million) *U*) (PP-TMP in (NP fiscal 1990)))))))) .)) (TOP (S (NP-SBJ-1 (NP A provision) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP would (VP have (VP made (S (NP-SBJ the Social Security Administration) (NP-PRD an independent agency)))))))) (VP was (VP excised (NP *-1))) .)) (TOP (S (NP-SBJ (NP The approval) (PP of (NP the Senate bill))) (VP was (ADJP-PRD especially sweet (PP for (NP (NP Sen. Mitchell) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP proposed (NP the streamlining))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Mr. Mitchell 's) relations) (PP with (NP (NP Budget Director Darman) , (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP pushed (SBAR-CLR for (S (NP-SBJ-4 a capital-gains cut) (VP to (VP be (VP added (NP *-4) (PP-CLR to (NP the measure)))))))))) ,))) (VP have (VP been (VP strained (NP *-1) (SBAR-TMP since (S (NP-SBJ-2 Mr. Darman) (VP chose (S (NP-SBJ *-2) (VP to (VP (VP bypass (NP the Maine Democrat)) and (VP deal (PP-CLR with (NP other lawmakers)))))) (NP-TMP earlier this year) (PP-TMP during (NP (NP a dispute) (PP over (NP (NP drug funding) (PP-LOC in (NP the fiscal 1989 supplemental spending bill)))))))))))) .)) (TOP (S (NP-SBJ The deficit reduction bill) (VP contains (NP (NP (NP (QP $ 5.3 billion) *U*) (PP in (NP tax increases)) (PP-TMP in (NP fiscal 1990))) , and (NP (NP (QP $ 26 billion) *U*) (PP-TMP over (NP five years))))) .)) (TOP (FRAG (NP-SBJ (NP The revenue-raising provisions) , (SBAR (WHNP-7 which) (S (NP-SBJ *T*-7) (VP affect (NP mostly corporations)))) ,) (VP would) :)) (TOP (FRAG -- (VP Prevent (NP-1 (NP companies) (SBAR (WHNP-8 that) (S (NP-SBJ *T*-8) (VP have (VP made (NP leveraged buy-outs)))))) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP getting (NP (NP federal tax refunds) (VP resulting (PP-CLR from (NP (NP losses) (VP caused (NP *) (PP by (NP-LGS (NP interest payments) (PP on (NP (NP debt) (VP issued (NP *) (S-PRP (NP-SBJ *) (VP to (VP finance (NP the buy-outs))))))))))))))))) , (ADJP-ADV effective (NP-TMP Aug. 2 , 1989))) .)) (TOP (FRAG -- (VP Require (S (NP-SBJ mutual funds) (VP to (VP include (PP-LOC-CLR in (NP their taxable income)) (NP (NP dividends) (VP paid (NP *) (PP-DTV to (NP them)) (PP-TMP on (NP (NP the date) (SBAR (WHADVP-2 that) (S (NP-SBJ-4 the dividends) (VP are (VP declared (CONJP rather than) received (NP *-4) (ADVP-TMP *T*-2)))))))))))) , (ADJP-ADV effective (NP-TMP (NP the day) (SBAR-TMP after (S (NP-SBJ-5 the tax bill) (VP is (VP enacted (NP *-5)))))))) .)) (TOP (FRAG -- (VP Close (NP (NP a loophole) (VP regarding (NP employee stock ownership plans)) (SBAR *ICH*-3)) , (ADJP-ADV effective (NP-TMP June 6 , 1989)) , (SBAR-3 (WHNP-1 that) (S (NP-SBJ-6 *T*-1) (VP has (VP been (VP exploited (NP *-6) (PP by (NP-LGS investment bankers)) (PP-LOC in (NP corporate takeovers)))))))) .)) (TOP (S (NP-SBJ The measure) (VP repeals (NP (NP a (ADVP 50 %) exclusion) (VP given (NP *) (PP-DTV to (NP banks)) (PP on (NP (NP the interest) (PP from (NP (NP loans) (VP used (NP *) (S-CLR (NP-SBJ *) (VP to (VP acquire (NP securities) (PP-PRP for (NP an ESOP)))))))))))) , (SBAR-ADV if (S (NP-SBJ the ESOP) (VP owns (NP (NP (QP less than 30) %) (PP of (NP (NP the employer 's) stock))))))) .)) (TOP (FRAG -- (VP Curb (NP junk bonds) (PP-MNR by (S-NOM (NP-SBJ *) (VP ending (NP (NP tax benefits) (PP for (NP certain securities)) , (PP such as (NP zero-coupon bonds)) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP postpone (NP cash interest payments))))))))) .)) (TOP (FRAG -- (VP Raise (NP (QP $ 851 million) *U*) (PP-MNR by (S-NOM (NP-SBJ *) (VP suspending (PP-TMP for (NP one year)) (NP (NP an automatic reduction) (PP-LOC in (NP airport and airway taxes))))))) .)) (TOP (FRAG -- (VP Speed (PRT up) (NP (NP the collection) (PP of (NP the payroll tax)) (PP from (NP large companies))) , (ADJP-ADV effective (NP-TMP August 1990))) .)) (TOP (FRAG -- (VP Impose (NP a tax) (PP-CLR on (NP (NP ozone-depleting chemicals) , (PP such as (NP (NP those) (VP used (NP *) (PP-LOC (PP in (NP air conditioners)) and (PP in (NP Styrofoam)))))) ,)) (PP-LOC beginning (PP at (NP (NP $ 1.10 *U*) (NP-ADV a pound)))) (PP-TMP starting (NP next year))) .)) (TOP (FRAG -- (VP Withhold (NP income taxes) (PP-CLR from (NP (NP the paychecks) (PP of (NP (NP certain farm workers) (ADJP (ADVP-TMP currently) exempt (PP from (NP withholding)))))))) .)) (TOP (FRAG -- (VP Change (NP (NP the collection) (PP of (NP gasoline excise taxes))) (PP-CLR to (NP weekly)) (PP-CLR from (NP semimonthly)) , (ADJP-ADV effective (NP-TMP next year))) .)) (TOP (FRAG -- (VP Restrict (NP (NP the ability (S *ICH*-1)) (PP of (NP real estate owners)) (S-1 (NP-SBJ-2 *) (VP to (VP escape (NP taxes) (PP-MNR by (S-NOM (NP-SBJ-3 *-2) (VP swapping (NP (NP one piece) (PP of (NP property))) (PP-CLR for (NP another)) (PP instead of (S-NOM (NP-SBJ *-3) (VP selling (NP it) (PP-CLR for (NP cash))))))))))))) .)) (TOP (FRAG -- (VP (VP Increase (PP-DIR to (NP (NP $ 6 *U*) (NP-ADV a person))) (PP-DIR from (NP $ 3 *U*)) (NP the international air-passenger departure tax)) , and (VP impose (NP a (ADJP $ 3-a-person *U*) tax) (PP-CLR on (NP (NP international departures) (PP by (NP commercial ships)))))) .)) (TOP (S (NP-SBJ The measure) (ADVP also) (VP includes (NP (NP spending cuts) and (NP (NP increases) (PP-LOC in (NP federal fees))))) .)) (TOP (FRAG (PP Among (NP its provisions)) :)) (TOP (NP -- (NP Reduction) (PP of (NP Medicare spending)) (PP-TMP in (NP fiscal 1990)) (PP-EXT by (NP (QP some $ 2.8 billion) *U*)) , (PP-MNR (PP in (NP part)) by (S-NOM (NP-SBJ *) (VP curbing (NP (NP increases) (PP-LOC in (NP (NP reimbursements) (PP to (NP physicians)))))))) .)) (TOP (S (NP-SBJ The plan) (VP would (VP impose (NP a brief freeze) (PP-CLR on (NP physician fees)) (NP-TMP next year))) .)) (TOP (FRAG -- (NP (NP Removal) (PP of (NP (NP the U.S. Postal Service 's) operating budget)) (PP from (NP the federal budget))) , (S-ADV (NP-SBJ *) (VP reducing (NP the deficit) (PP-EXT by (NP (QP $ 1.77 billion) *U*)))) .)) (TOP (S (NP-SBJ A similar provision) (VP is (PP-LOC-PRD in (NP the House version))) .)) (TOP (NP -- (NP Authority) (SBAR for (S (NP-SBJ-1 the Federal Aviation Administration) (VP to (VP raise (NP (QP $ 239 million) *U*) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP charging (NP fees) (PP for (NP (NP commercial airline-landing rights) (PP at (NP (NP (NP New York 's) LaGuardia and John F. Kennedy International Airports) , (NP (NP O'Hare International Airport) (PP-LOC in (NP Chicago))) and (NP (NP National Airport) (PP-LOC in (NP Washington)))))))))))))) .)) (TOP (NP -- (NP Increases) (PP-LOC in (NP Nuclear Regulatory Commission fees)) (VP totaling (NP $ 54 million *U*)) .)) (TOP (NP -- (NP Direction (S *ICH*-2)) (PP to (NP-1 the U.S. Coast Guard)) (S-2 (NP-SBJ *-1) (VP to (VP collect (NP (QP $ 50 million) *U*) (PP-CLR from (NP (NP users) (PP of (NP Coast Guard services))))))) .)) (TOP (FRAG -- (VP Raising (NP an additional (QP $ 43 million) *U*) (PP-MNR by (S-NOM (NP-SBJ *) (VP (VP increasing (NP existing Federal Communications Commission fees and penalties)) and (VP establishing (NP (NP new fees) (PP for (NP (NP amateur radio operators) , (NP ship stations) and (NP mobile radio facilities))))))))) .)) (TOP (S (NP-SBJ John E. Yang) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (PP In (NP (NP response) (PP to (NP (NP your (ADJP overly optimistic) , outdated piece) (PP on (SBAR-NOM (WHADVP-1 how long) (S (NP-SBJ unemployment) (VP lasts (ADVP-TMP-CLR *T*-1))))) (PRN -LRB- (NP-LOC People Patterns) , (NP-TMP Sept. 20) -RRB-))))) : (NP-SBJ I) (VP am (PP-LOC-PRD (PP in (NP the communications field)) , (PP above (NP entry level)))) .)) (TOP (S (NP-SBJ-1 I) (VP (VP was (VP laid (NP *-1) (PRT off) (PP-TMP in (NP August 1988)))) , and (VP (PP-TMP after (NP a (ADJP thorough and exhausting) job search)) , was (VP hired (NP *-1) (PP-TMP in (NP August 1989))))) .)) (TOP (S (S (NP-SBJ My unemployment insurance) (VP ran (PRT out) (SBAR-TMP before (S (NP-SBJ I) (VP found (NP a job)))))) ; (S (NP-SBJ I) (VP found (NP cutbacks and layoffs) (PP-LOC-CLR in (NP many companies)))) .)) (TOP (S (NP-SBJ (NP The statistics) (VP quoted (NP *) (PP by (NP-LGS the `` new '' Census Bureau report))) (PRN -LRB- (VP garnered (NP *) (PP-TMP (PP from (NP 1984)) (PP to (NP 1986)))) -RRB-)) (VP are (ADVP-PRD out (PP of (NP date))) , (PP (PP (ADVP certainly) as (NP (NP an average) (PP for (NP the Northeast)))) , and (PP (ADVP possibly) for (NP (NP the rest) (PP of (NP the country)))))) .)) (TOP (S (NP-SBJ I) (VP think (SBAR 0 (S (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ *T*-1) (VP bothered (NP me) (ADVP most) (PP about (NP the piece))))) (VP was (SBAR-PRD that (S (NP-SBJ-2 there) (VP seemed (S (NP-SBJ *-2) (VP to (VP be (NP-PRD an underlying attitude (S (NP-SBJ *) (VP to (VP tell (NP your readers) (SBAR 0 (S (S (NP-SBJ all) (VP is (ADJP-PRD well))) -- (S (S (SBAR-ADV if (S (NP-SBJ-3 you) (VP 're (VP getting (VP laid (NP *-3) (PRT off)))))) (NP-SBJ *) (VP do n't (VP worry))) , and (S (SBAR-ADV if (S (NP-SBJ you) (VP 're (ADJP-PRD unemployed)))) , (NP-SBJ it) (VP 's (NP-PRD (NP a seller 's) market)))))))))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP To (VP top (NP it) (PRT off)))) , (NP-SBJ-1 you) (VP captioned (NP (NP the graph) (VP showing (NP (NP the average number) (PP of (NP months)) (PP-LOC in (NP a job search))))) (PP-CLR as `` (NP-TTL (NP Time) (ADJP Off)))) . '')) (TOP (SQ Are (NP-SBJ you) (VP kidding) ?)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Looking (PP-CLR for (NP a job)))) (VP (VP was (NP-PRD (NP one) (PP of (NP (NP the (ADJP most anxious) periods) (PP of (NP my life)))))) -- and (VP is (NP-PRD *?*) (PP for (NP most people)))) .)) (TOP (S (NP-SBJ Your paper) (VP needs (NP a serious reality check)) .)) (TOP (NP Reva Levin)) (TOP (NP-LOC (NP Cambridge) , (NP Mass .))) (TOP (S (NP-SBJ BULL HN INFORMATION SYSTEMS Inc.) (VP is (NP-PRD (NP a U.S. majority-owned unit) (PP of (NP Cie. des Machines Bull)))) .)) (TOP (S (PP-LOC In (NP (NP Friday 's) edition)) , (NP-SBJ-1 (NP the name) (PP of (NP the unit))) (VP was (VP misstated (NP *-1))) .)) (TOP (S (NP-SBJ-1 (NP Moody 's) Investors Service) (VP said (SBAR 0 (S (NP-SBJ it) (VP reduced (NP (NP its rating) (PP-LOC on (NP (NP (QP $ 165 million) *U*) (PP of (NP (NP subordinated debt) (PP of (NP this (NAC-LOC Beverly Hills , Calif. ,) thrift)))))))))) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP turmoil) (PP-LOC in (NP (NP the market) (PP for (NP low-grade , high-yield securities)))))))) .)) (TOP (S (NP-SBJ The agency) (VP said (SBAR 0 (S (NP-SBJ it) (VP (VP reduced (NP (NP its rating) (PP-LOC on (NP (NP the thrift 's) subordinated debt))) (PP-DIR to (NP B-2)) (PP-DIR from (NP Ba-2))) and (VP will (VP keep (NP the debt) (PP-LOC-CLR under (NP review)) (PP-PRP for (NP possible further downgrade)))))))) .)) (TOP (S (NP-SBJ Columbia Savings) (VP is (NP-PRD (NP a major holder) (PP of (NP so-called junk bonds)))) .)) (TOP (S (NP-SBJ New federal legislation) (VP requires (SBAR that (S (NP-SBJ all thrifts) (VP divest (NP themselves) (PP-CLR of (NP such speculative securities)) (PP-TMP over (NP (NP a period) (PP of (NP years)))))))) .)) (TOP (S (NP-SBJ Columbia Savings officials) (VP were n't (ADJP-PRD available (PP for (NP (NP comment) (PP on (NP the downgrade)))))) .)) (TOP (NP (NP FRANKLIN SAVINGS ASSOCIATION) (PRN -LRB- (NP-LOC (NP Ottawa) , (NP Kan.)) -RRB-) --)) (TOP (S (NP-SBJ (NP Moody 's) Investors Service Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP downgraded (NP (NP its rating) (PP-LOC *ICH*-1)) (PP-DIR to (NP B-2)) (PP-DIR from (NP Ba-3)) (PP-LOC-1 on (NP (NP (QP less than $ 20 million) *U*) (PP of (NP (NP this thrift 's) senior subordinated notes)))))))) .)) (TOP (S (NP-SBJ-1 The rating concern) (VP said (SBAR 0 (S (NP-SBJ (NP (NP Franklin 's) `` troubled diversification record) (PP-LOC in (NP the securities business)) '') (VP was (NP-PRD (NP one reason) (PP for (NP the downgrade)))))) , (S-ADV (NP-SBJ *-1) (VP citing (NP (NP (NP the troubles) (PP-LOC at (NP its L.F. Rothschild subsidiary))) and (NP (NP the possible sale) (PP of (NP other subsidiaries))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ They) (ADVP perhaps) (VP had (NP concern (SBAR that (S (NP-SBJ we) (VP were (VP getting (ADVP-DIR out (PP of (NP all these)))))))))) , '' (VP said (S *T*-1)) (NP-SBJ Franklin President Duane H. Hall) .)) (TOP (S `` (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ it) (VP was (ADJP-PRD (NP a little) premature (PP on (NP their part))))))) .)) (TOP (S (SBAR-TMP (ADVP Just) (WHADVP-2 when) (S (NP-SBJ (NP it) (S *EXP*-1)) (VP seemed (ADJP-PRD safe) (S-1 (NP-SBJ *) (VP to (VP go (ADVP-DIR back (PP into (NP stocks)))))) (ADVP-TMP *T*-2)))) , (NP-SBJ Wall Street) (VP suffered (NP (NP another severe attack) (PP of (NP nerves)))) .)) (TOP (SQ Does (NP-SBJ this) (VP signal (SBAR 0 (S (NP-SBJ another Black Monday) (VP is (VP coming))))) ?)) (TOP (SQ Or is (NP-SBJ this) (NP-PRD (NP an extraordinary buying opportunity) , (SBAR (ADVP just) like (S (NP-SBJ-1 Oct. 19 , 1987 ,) (ADVP-TMP eventually) (VP turned (PRT out) (S (NP-SBJ *-1) (VP to (VP be (NP-PRD *?*)))))))) ?)) (TOP (SINV (ADVP-LOC-PRD-TPC-4 Here) (VP 's (ADVP-LOC-PRD *T*-4)) (SBAR-NOM-SBJ (SBAR (WHNP-2 what) (S (NP-SBJ several leading (NX (NX market experts) and (NX money managers))) (VP say (NP *T*-2) (PP about (NP (NP Friday 's) action))))) , (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happens (ADVP-TMP next)))) and (SBAR (WHNP-3 what) (S (NP-SBJ investors) (VP should (VP do (NP *T*-3)))))) .)) (TOP (NP Joseph Granville .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP 'm (NP-PRD (NP the only one) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ there) (VP would (VP be (NP-PRD an October massacre))))) , (PP-TMP all through (NP (NP late August) and (NP September))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Granville) , (NP (ADVP-TMP once) (NP a (ADJP widely followed) market guru) and (ADVP-TMP still) (NP a well-known newsletter writer))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Everyone) (VP will (VP tell (NP you) (SBAR that (S (NP-SBJ this time) (VP is (ADJP-PRD different (PP from (NP 1987))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (INTJ Well) , (S (PP in (NP some ways)) (NP-SBJ it) (VP is (ADJP-PRD different))) , but (S (ADVP technically) (NP-SBJ it) (VP is (NP-PRD just the same))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP 're (NP-PRD a technician)))) , (NP-SBJ you) (VP obey (NP the signals)) .)) (TOP (S (ADVP-TMP Right now) (NP-SBJ they) (VP 're (VP telling (NP-1 me) (S (NP-SBJ *-1) (VP to (VP (VP get (ADVP-DIR (NP the hell) out)) and (VP stay (ADVP-LOC-PRD out))))))) .)) (TOP (S (NP-SBJ I) (VP see (NP (NP no major support) (PP-TMP until (NP 2200)))) .)) (TOP (S (NP-SBJ I) (VP see (NP (NP a possibility) (PP of (S-NOM (NP-SBJ *) (VP going (PP-DIR to (NP 2200)) (NP-TMP this month)))))) . '')) (TOP (S (S (NP-SBJ Mr. Granville) (VP says (SBAR 0 (S (NP-SBJ he) (VP would n't (ADVP even) (VP think (PP-CLR of (NP buying)) (SBAR-TMP until (S (NP-SBJ (QP at least 600 to 700) stocks) (VP have (VP hit (NP 52-week lows))))))))))) ; (S (NP-SBJ about 100 stocks) (VP hit (NP new lows) (NP-TMP Friday))) .)) (TOP (S-2 `` (NP-SBJ Most people) (PRN , '' (S (NP-SBJ he) (VP says (S *T*-2))) ,) `` (VP have (NP no idea (SBAR (WHNP-1 what) (S (NP-SBJ a massacre pattern) (VP looks (PP-CLR like (NP *T*-1))))))) . '')) (TOP (NP Elaine Garzarelli .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD (NP A quantitative analyst) (PP with (NP Shearson Lehman Hutton Inc.)))) , (NP-SBJ-1 Ms. Garzarelli) (VP had (VP warned (S (NP-SBJ clients) (VP to (VP take (NP their money) (ADVP-DIR out (PP of (NP the market))) (PP-TMP before (NP the 1987 crash))))))) .)) (TOP (S-1 (NP-SBJ (NP Friday 's) big drop) (PRN , (S (NP-SBJ she) (VP says (SBAR 0 (S *T*-1)))) ,) `` (VP was not (NP-PRD a crash)) .)) (TOP (S (NP-SBJ This) (VP was (NP-PRD (NP an October massacre) '' (PP like (NP (NP those) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP occurred (PP-TMP in (NP 1978 and 1979))))))))) .)) (TOP (S (ADVP-TMP Now) , (ADVP as (PP in (NP those two years))) , (NP-SBJ her stock market indicators) (VP are (ADJP-PRD positive)) .)) (TOP (S So (NP-SBJ she) (VP thinks (SBAR 0 (S (NP-SBJ the damage) (VP will (VP be (ADJP-PRD short-lived and contained)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Those corrections) (VP (VP lasted (NP (QP one to four) weeks)) and (VP took (NP the market) (ADVP-DIR (NP (QP 10%-12 %) *U*) down)))) , '' (NP-SBJ she) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ This) (VP is (NP-PRD exactly the same thing) , (ADVP (ADVP as far) (SBAR as (S (NP-SBJ-1 I) (VP 'm (VP concerned (NP *-1))))))) . '')) (TOP (S-1 (ADVP Thus) (PRN , (S (NP-SBJ she) (VP says (SBAR 0 (S *T*-1)))) ,) (SBAR-ADV if (S (NP-SBJ the Dow Jones Industrial Average) (VP dropped (PP-DIR below (NP 2450))))) , `` (NP-SBJ It) (VP would (ADVP just) (VP be (NP-PRD a fluke))) .)) (TOP (S (NP-SBJ My advice) (VP is (S-PRD (NP-SBJ *) (VP to (VP buy)))) . '')) (TOP (S (SBAR-ADV As (S (NP-SBJ she) (VP calculates (NP it)))) , (NP-SBJ the average stock) (ADVP-TMP now) (VP sells (PP-CLR for (NP (QP about 12.5) times (NP companies ') earnings))) .)) (TOP (S (NP-SBJ She) (VP says (SBAR 0 (S (NP-SBJ that ratio) (VP could (VP (VP climb (PP-DIR to (NP 14.5))) , (PP given (NP current interest rates)) , and (VP (ADVP still) be (PP-LOC-PRD within (NP (NP the range) (PP of `` (NP fair value)))))))))) . '')) (TOP (NP Ned Davis .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Friday 's) fall) (VP marks (NP (NP the start) (PP of (NP a bear market))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Mr. Davis) , (NP (NP president) (PP of (NP Ned Davis Research Inc)))) .)) (TOP (S But (NP-SBJ (NP Mr. Davis) , (SBAR (WHNP-1 whose views) (S (NP-SBJ-2 *T*-1) (VP are (VP (ADVP-MNR widely) respected (NP *-2) (PP by (NP-LGS money managers)))))) ,) (VP says (SBAR 0 (S (NP-SBJ he) (VP expects (NP no 1987-style crash))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP was (NP-PRD a unique combination) (PP-TMP in (NP 1987)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (S (NP-SBJ Margin debt) (VP was (PP-LOC-PRD at (NP a record high)))) .)) (TOP (S (NP-SBJ There) (VP was (NP-PRD (NP tremendous public enthusiasm) (PP for (NP stock mutual funds)))) .)) (TOP (S (NP-SBJ The main thing) (VP was (NP-PRD (NP portfolio insurance) , '' (NP (NP a mechanical trading system) (VP intended (S (NP-SBJ *) (VP to (VP protect (NP an investor) (PP-CLR against (NP losses))))))))) . ``)) (TOP (S (NP-SBJ (NP (QP A hundred billion) dollars) (PP in (NP stock))) (VP was (ADJP-PRD subject '' (PP to (NP it)))) .)) (TOP (S (PP-TMP In (NP 1987)) , (NP-SBJ such selling) (VP contributed (PP-CLR to (NP a snowball effect))) .)) (TOP (S-1 (NP-SBJ Today) (VP could (ADVP even) (VP be (NP-PRD an up day) (PRN , (S (NP-SBJ Mr. Davis) (VP says (SBAR 0 (S *T*-1)))) ,) (SBAR-ADV if (S (NP-SBJ-2 major brokerage firms) (VP agree (S (NP-SBJ *-2) (VP to (VP refrain (PP-CLR from (NP program trading)))))))))) .)) (TOP (S (PP-TMP Over (NP the next several months)) , (ADVP though) , (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ things) (VP look (ADJP-PRD bad))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the market) (VP will (VP be (VP heading (ADVP-DIR down) (PP-TMP into (NP November))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ We) (VP will (ADVP probably) (VP (VP have (NP a year-end rally)) , and then (VP go (ADVP-DIR down) (ADVP-TMP again)))) .)) (TOP (FRAG (NP Sort) (PP of (NP a two-step bear market)) . '')) (TOP (S (NP-SBJ He) (VP expects (S (NP-SBJ the downturn) (VP to (VP carry (NP the Dow Jones Industrial Average) (ADVP-DIR down) (PP-DIR to (NP around 2000)) (NP-TMP sometime next year))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ That) (VP would (VP be (NP-PRD a normal bear market)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ I) (VP guess (SBAR 0 (S (NP-SBJ that) (VP 's (NP-PRD my forecast))))) . '')) (TOP (NP Leon G. Cooperman .)) (TOP (S `` (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ the market) (VP is (VP going (PP-CLR through (NP another October '87)))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ I) (VP do n't (VP think (SBAR 0 (S (NP-SBJ that) (VP 's (NP-PRD the case) (ADVP at all))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Cooperman) , (NP (NP (NP a partner) (PP-LOC at (NP Goldman , Sachs & Co.))) and (NP (NP chairman) (PP of (NP Goldman Sachs Asset Management))))) .)) (TOP (S (S (NP-SBJ Mr. Cooperman) (VP sees (NP this) (PP-CLR as (NP (NP a good time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP pick (PRT up) (NP bargains) (ADVP-TMP *T*-1))))))))) , but (S (NP-SBJ he) (VP does n't (VP think (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD any need (S (NP-SBJ *) (VP to (VP rush)))))))))) .)) (TOP (S `` (S (NP-SBJ I) (VP expect (S (NP-SBJ-1 the market) (VP to (VP open (S-CLR (NP-SBJ *-1) (ADVP-PRD weaker)) (NP-TMP Monday)))))) , but then (S (NP-SBJ it) (VP should (VP find (NP some stability)))) . '')) (TOP (S (NP-SBJ He) (VP ticks (PRT off) (NP (NP several major differences) (PP between (ADVP (ADVP now) and (ADVP (NP two years) ago))))) .)) (TOP (S (PP Unlike (NP 1987)) , (NP-SBJ interest rates) (VP have (VP been (VP falling (NP-TMP this year)))) .)) (TOP (S (PP Unlike (NP 1987)) , (NP-SBJ the dollar) (VP has (VP been (ADJP-PRD strong))) .)) (TOP (S And (PP unlike (NP 1987)) , (NP-SBJ-1 the economy) (VP does n't (VP appear (S (NP-SBJ *-1) (VP to (VP be (PP-LOC-PRD in (NP (NP any danger) (PP of (NP overheating))))))))) .)) (TOP (S (S-TPC-1 But (NP-SBJ (NP (NP the economy 's) slower growth) (NP-TMP this year)) (ADVP also) (VP means (SBAR 0 (S (NP-SBJ (NP the outlook) (PP for (NP corporate profits))) `` (VP is n't (ADJP-PRD good)))))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S `` So (NP-SBJ it) (VP 's (NP-PRD a (ADJP very mixed) bag)) . '')) (TOP (S-1 (ADVP Thus) (PRN , (S (NP-SBJ he) (VP concludes (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ This) (VP is not (NP-PRD (NP a good environment) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP be (ADJP-PRD fully invested '' (PP in (NP stocks))) (ADVP-LOC *T*-2))))))) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ I) (VP had (VP come (PP-DIR into (NP Friday)) (UCP (PP on (NP margin)) or (SBAR with (S (NP-SBJ (ADJP very little) cash) (PP-LOC-PRD in (NP the portfolios))))))))) , (NP-SBJ I) (VP would not (VP do (NP any buying))) .)) (TOP (S But (S (NP-SBJ we) (VP came (PP-DIR into (NP Friday)) (PP with (NP a conservative portfolio)))) , so (S (NP-SBJ-1 I) (VP would (VP look (S (NP-SBJ *-1) (VP to (VP do (NP some modest buying) '' (PP on (NP (NP behalf) (PP of (NP clients)))))))))) . ``)) (TOP (S (NP-SBJ-2 We) (VP 're (VP going (S (NP-SBJ *-2) (VP to (VP look (PP-CLR for (NP (NP some) (PP of (NP (NP the better-known companies) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP got (VP clocked (NP *-3) '' (NP-TMP Friday)))))))))))))) .)) (TOP (NP John Kenneth Galbraith .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP is (NP-PRD (NP the latest manifestation) (PP of (NP (NP the capacity) (PP of (NP the financial community)) (PP for (NP recurrent insanity))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Galbraith) , (NP an economist)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP see (NP this) (PP-CLR as (NP (NP a reaction) (PP to (NP the whole junk bond explosion)))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ (NP The explosion) (PP of (NP (NP junk bonds) and (NP takeovers)))) (VP has (VP (VP lodged (NP (NP a lot) (PP of (NP insecure securities))) (PP-LOC-CLR in (NP (NP the hands) (PP of (NP investors))))) and (VP loaded (NP (NP the corporations) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (NP-PRD (NP the objects) (PP of (NP (NP takeovers) or (NP feared takeovers)))))))) (PP-CLR with (NP (NP huge amounts) (PP of (NP debt (CONJP rather than) equity))))))) .)) (TOP (S (NP-SBJ This) (VP has (VP both made (S (S (NP-SBJ investors) (ADJP-PRD uneasy)) and (S (NP-SBJ the corporations) (ADJP-PRD more vulnerable))))) . '')) (TOP (S (ADVP Nevertheless) , (NP-SBJ he) (VP says (SBAR 0 (S (NP-SBJ a depression) (VP does n't (VP appear (ADJP-PRD likely)))))) .)) (TOP (S `` (S (NP-SBJ There) (VP is (NP-PRD (NP more resiliency) (PP-LOC in (NP (NP the economy) (PP at (NP large)))) (SBAR than (S (NP-SBJ we) (ADVP-TMP commonly) (VP suppose (SBAR 0 (S *?*)))))))) , '' (NP-SBJ he) (VP says) .)) (TOP (S `` (NP-SBJ It) (VP takes (NP (NP more error) (PP *ICH*-1)) (ADVP-TMP now) (S-CLR (NP-SBJ *) (VP to (VP have (NP a major depression)))) (PP-1 than (ADVP back (PP in (NP the Thirties)))) -- (SBAR-ADV (ADVP much) as (S (NP-SBJ (NP the financial community) and (NP the government)) (VP may (VP try (S *?*)))))) . '')) (TOP (NP Mario Gabelli .)) (TOP (S (NP-SBJ (NP New York money manager Mario Gabelli) , (NP (NP an expert) (PP at (S-NOM (NP-SBJ *) (VP spotting (NP takeover candidates))))) ,) (VP says (SBAR that (S (NP-SBJ takeovers) (VP are n't (ADJP-PRD totally gone))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 Companies) (VP are (ADVP-TMP still) (VP going (S (NP-SBJ *-2) (VP to (VP buy (NP companies) (PP-LOC around (NP the world)))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ Examples) (VP are `` (S-PRD (S (NP-SBJ Ford) (VP looking (PP-CLR at (NP Jaguar)))) , (S (NP-SBJ BellSouth) (VP looking (PP-CLR at (NP LIN Broadcasting)))))) . '')) (TOP (S (S (NP-SBJ (NP These sorts) (PP of (NP takeovers))) (VP do n't (VP require (NP-1 (NP junk bonds) or (NP big bank loans)) (S-CLR (NP-SBJ *-1) (VP to (VP finance (NP them))))))) , so (S (NP-SBJ Mr. Gabelli) (VP figures (SBAR 0 (S (NP-SBJ they) (VP will (VP continue)))))) .)) (TOP (S-3 `` (S (NP-SBJ The market) (VP was (ADVP-PRD up (NP 35 %)) (SBAR-TMP since (S (NP-SBJ (PRN -LCB- President -RCB-) Bush) (VP took (NP office)))))) (PRN , '' (S (NP-SBJ Mr. Gabelli) (VP says (SBAR 0 (S *T*-3)))) ,) so (S (NP-SBJ-2 a correction) (VP was (S (NP-SBJ-1 *-2) (VP to (VP be (VP expected (NP *-1))))))) .)) (TOP (S (NP-SBJ He) (VP (VP thinks (SBAR 0 (S (NP-SBJ another crash) (VP is `` (ADJP-PRD unlikely))))) , '' and (VP says (SBAR 0 (S (NP-SBJ he) (VP was (VP `` nibbling (PP-CLR at '' (NP selected stocks)) (PP-TMP during (NP (NP Friday 's) plunge)))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ (NP Stocks) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP were (VP thrown (NP *-3) (ADVP-CLR out) (PP-PRP (ADVP just) on (NP an emotional basis))))))) (VP are (NP-PRD (NP a great opportunity) (PP *ICH*-4)) (NP-TMP (PRN -LCB- this -RCB-) week) (PP-4 for (NP (NP guys) (PP like (NP me)))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (NP Jim Rogers .)) (TOP (S `` (S-TPC-2 (NP-SBJ It) (VP seems (PP to (NP me)) (SBAR that (S (NP-SBJ this) (VP is (NP-PRD (NP the pin) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (ADVP finally) (VP pricked (NP the balloon))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Rogers) , (NP (NP (NP a professor) (PP of (NP finance)) (PP-LOC at (NP Columbia University))) and (NP (NP former co-manager) (PP of (NP (NP (NP one) (PP of (NP (NP the (ADJP most successful) hedge funds) (PP-LOC in (NP history))))) , (NP Quantum Fund)))))) .)) (TOP (S (NP-SBJ He) (VP sees (NP `` (NP (NP economic problems) , (NP financial problems)) '' (ADVP-TMP ahead)) (PP for (NP the U.S.)) , (PP with (NP (NP a (ADJP fairly strong) possibility) (PP of (NP a recession))))) .)) (TOP (S `` (S-TPC-1 (NP-TMP Friday) (NP-SBJ you) (VP could n't (VP sell (NP dollars)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ-1 Dealers) `` (VP would (VP (VP give (NP you) (NP a quote)) , but then (VP refuse (S (NP-SBJ *-1) (VP to (VP make (NP the trade))))))) . '')) (TOP (S-1 (SBAR-ADV If (S (NP-SBJ the dollar) (VP stays (ADJP-PRD weak)))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-1)))) ,) (NP-SBJ that) (VP will (VP (VP add (PP-CLR to (NP (NP inflationary pressures) (PP-LOC in (NP the U.S.))))) and (VP make (S (NP-SBJ (NP it) (SBAR *EXP*-2)) (ADJP-PRD hard) (SBAR-2 for (S (NP-SBJ the Federal Reserve Board) (VP to (VP ease (NP interest rates) (ADVP very much))))))))) .)) (TOP (S (NP-SBJ Mr. Rogers) (VP wo n't (VP decide (SBAR (WHNP-1 what) (S (NP-SBJ *) (VP to (VP do (NP *T*-1) (NP-TMP today))))) (SBAR-TMP until (S (NP-SBJ he) (VP sees (SBAR (WHADVP-2 how) (S (NP-SBJ the London and Tokyo markets) (VP go (ADVP-MNR *T*-2))))))))) .)) (TOP (S (NP-SBJ He) (VP recommends (SBAR that (S (NP-SBJ investors) (VP (VP sell (NP takeover-related stocks)) , but (VP hang (PRT on) (PP-CLR to (NP (NP some other stocks) -- especially (NP (NP utilities) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP often) (VP do (ADVP-MNR well) (PP-TMP during (NP (NP periods) (PP of (NP economic weakness))))))))))))))) .)) (TOP (NP Frank Curzio .)) (TOP (S (NP-SBJ-1 Many people) (ADVP-TMP now) (VP claim (S (NP-SBJ *-1) (VP to (VP have (VP predicted (NP the 1987 crash)))))) .)) (TOP (S (S (NP-SBJ Queens newsletter writer Francis X. Curzio) (ADVP actually) (VP did (NP it))) : (S (NP-SBJ He) (VP stated (PP-LOC in (NP writing)) (PP-TMP in (NP September 1987)) (SBAR that (S (NP-SBJ-1 the Dow Jones Industrial Average) (VP was (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP decline (NP-EXT (QP about 500) points) (NP-TMP the following month)))))))))) .)) (TOP (S (NP-SBJ Mr. Curzio) (VP says (SBAR 0 (S (SBAR-NOM-SBJ (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happens (ADVP-TMP now)))) (VP will (VP depend (NP a good deal) (PP-CLR on (NP the Federal Reserve Board))))))) .)) (TOP (S-2 (SBAR-ADV If (S (NP-SBJ it) (ADVP-TMP promptly) (VP cuts (NP (NP the discount rate) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP charges (NP *T*-1) (PP on (NP (NP loans) (PP to (NP banks))))))))))) (PRN , (S (NP-SBJ he) (VP says (SBAR 0 (S *T*-2)))) ,) `` (NP-SBJ That) (VP could (VP quiet (NP things) (PRT down))) . '')) (TOP (S (SBAR-ADV If (FRAG not)) , `` (NP-SBJ We) (VP could (VP go (PP-DIR to (NP 2200)) (ADVP-TMP very soon))) . '')) (TOP (NP Frank W. Terrizzi .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 Stock prices) `` (VP would (ADVP-TMP still) (VP have (S (NP-SBJ *-1) (VP to (VP go (ADVP-DIR down) (NP-EXT some additional amount)))) (SBAR-TMP before (S (NP-SBJ we) (VP become (ADJP-PRD positive (PP on (NP stocks))))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP Mr. Terrizzi) , (NP (NP (NP president) and (NP managing director)) (PP of (NP (NP Renaissance Investment Management Inc.) (PP-LOC in (NP Cincinnati)))))) .)) (TOP (S (NP-SBJ (NP Renaissance) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP manages (NP (QP about $ 1.8 billion) *U*)))) ,) (VP drew (NP stiff criticism) (PP-CLR from (NP many clients)) (NP-TMP earlier this year) (SBAR-PRP because (S (NP-SBJ it) (VP (VP pulled (ADVP entirely) (PP-CLR out (PP of (NP stocks))) (PP-TMP at (NP (NP the beginning) (PP of (NP the year))))) and (ADVP thus) (VP missed (NP a strong rally)))))) .)) (TOP (S (NP-SBJ Renaissance) (VP is (VP keeping (NP its money) (PP-LOC-CLR (ADVP entirely) in (NP (NP cash equivalents) , primarily (NP U.S. Treasury bills))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ T-bills) (ADVP probably) (VP are (NP-PRD (NP the right place) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP be (ADVP-LOC-PRD *T*-1)))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ *) (VP Regarding (NP (NP (NP the Oct. 3 letter) (PP to (NP the editor)) (PP from (NP (NP Rep. Tom Lantos) , (NP (NP chairman) (PP of (NP (NP the House Subcommittee) (PP on (NP Employment and Housing)))))))) , (VP alleging))) :)) (TOP (SBAR (LST 1 .) That (S (NP-SBJ (NP your Sept. 28 editorial) `` (NP-TTL Kangaroo Committees) '') (VP was (ADJP-PRD (ADJP factually inaccurate) and (ADJP deliberately misleading)))) .)) (TOP (S (NP-SBJ I) (VP thought (SBAR 0 (S (NP-SBJ your editorial) (VP was (ADJP-PRD (ADJP factually accurate) and (ADJP deliberately elucidative)))))) .)) (TOP (SBAR (LST 2 .) That (S (NP-SBJ Mr. Lantos) (VP supported (NP (NP the rights (S *ICH*-1)) (PP of (NP the witnesses)) (S-1 (NP-SBJ *) (VP to (VP take (NP the Fifth Amendment))))))) .)) (TOP (S (INTJ Yes) , (NP-SBJ he) (VP did) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ I) (VP watched (NP him) (PP-LOC on (NP C-Span))))) , (NP-SBJ I) (VP heard (SBAR 0 (S (NP-SBJ him) (VP speak (NP (NP those lovely words) (PP about (NP (NP the Bill) (PP of (NP Rights)))) , (SBAR (WHNP-1 which) (S (NP-SBJ he) (VP quotes (NP *T*-1) (PP-CLR from (NP (NP the transcript) (PP of (NP the hearings)))))))))))) .)) (TOP (S (NP-SBJ He) (VP did (VP repeat (NP those nice platitudes) (NP-ADV several times) (PP as (NP (NP an indication) (PP of (NP (NP his support) (PP for (NP the Constitution)))))))) .)) (TOP (S (NP-SBJ-1 He) (VP used (NP (QP about 56) words) (S-ADV (NP-SBJ *-1) (VP defending (NP (NP the witnesses ') constitutional rights)))) .)) (TOP (S (ADVP Unfortunately) , (PP by (NP my rough guess)) , (NP-SBJ-1 he) (VP used (NP (QP better than 5,000) words) (S-ADV (NP-SBJ *-1) (VP heaping (NP scorn) (PP-CLR on (NP-2 the witnesses)) (PP-PRP for (S-NOM (NP-SBJ *-2) (VP exercising (NP the Fifth))))))) .)) (TOP (S (NP-SBJ He) (VP sandwiched (NP (NP his praise) (PP of (NP constitutional meat))) (PP-LOC-CLR between (NP (NP large loaves) (PP of (NP bilious commentary))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ your editorial) (ADVP rightly) (VP pointed (PRT out)))) , (NP-SBJ-1 (NP (NP Samuel Pierce) , (NP former HUD secretary) ,) and (NP (NP Lance Wilson) , (NP (NP Mr. Pierce 's) former aide) ,)) `` (VP are (ADVP-TMP currently) (VP being (VP held (NP *-1) (ADVP-CLR up (PP to (NP scorn))) (PP-PRP for (S-NOM (NP-SBJ *-1) (VP taking (NP the Fifth Amendment))))))) .)) (TOP (S '' (NP-SBJ That) (ADVP certainly) (VP is not (NP-PRD (NP the supposed `` distorted reading '') (VP indicated (NP *) (PP by (NP-LGS Mr. Lantos))))) .)) (TOP (SBAR (LST 3 .) That (S (NP-SBJ his `` committee) (VP does not (VP deal (PP-CLR with (NP (NP any possible criminal activity) (PP-LOC at (NP HUD))))))) .)) (TOP (S (S (NP-SBJ (NP My colleagues) and (NP I)) (VP (ADVP-MNR fully) realize (SBAR 0 (S (NP-SBJ we) (VP are not (NP-PRD a court)))))) ... (X etc) . '')) (TOP (FRAG (NP Absolute rubbish) .)) (TOP (S (PP By (NP any `` reasonable man '' criterion)) , (NP-SBJ (NP Mr. Lantos) and (NP his colleagues)) (VP have (VP (NP (NP a whole bunch) (PP of (NP people))) tried and convicted)) .)) (TOP (S (ADVP Apparently) , (NP-SBJ their verdict) (VP is (ADVP-PRD in)) .)) (TOP (S (ADVP-TMP Right now) (NP-SBJ they) (VP 're (VP pursuing (NP evidence))) .)) (TOP (S (NP-SBJ That) (VP 's (UCP-PRD not (NP (NP a bad way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP proceed (ADVP-MNR *T*-1)))))) , just (ADJP somewhat different (PP from (NP standard American practice))))) .)) (TOP (SBARQ (WHADVP-3 How) (SQ was (NP-SBJ-1 that practice) (VP referred (PP-CLR to (NP *-1)) (ADVP-MNR *T*-3) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ I) (VP was (PP-LOC-PRD in (NP school)) (ADVP-TMP *T*-2)))))) ?)) (TOP (FRAG (INTJ Ah) , (INTJ yes) , (NP (NP something) (VP called (S (NP-SBJ *) (NP-PRD a Star Chamber)))) .)) (TOP (S (PP Of (NP course)) , (NP-SBJ Mr. Lantos) (VP doth (VP protest (SBAR that (S (NP-SBJ his subcommittee) (VP (ADVP simply) seeks (NP information) (PP-PRP for (NP legislative change))))))) .)) (TOP (FRAG (NP No doubt (SBAR 0 (S (NP-SBJ that) (VP 's (ADJP-PRD partially true))))) .)) (TOP (S (NP-SBJ (NP Everything) (SBAR (WHNP-1 that) (S (NP-SBJ Mr. Lantos) (VP says (NP *T*-1) (PP-LOC in (NP his letter)))))) (VP is (ADJP-PRD partially true)) .)) (TOP (S (NP-SBJ He) (VP 's (ADJP-PRD right (PP about (NP (NP (NP his subcommittee 's) responsibilities) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ it) (VP comes (PP-CLR to (S-NOM (NP-SBJ *) (VP obtaining (NP information) (PP-CLR from (NP prior HUD officials))))) (ADVP-TMP *T*-1)))))))) .)) (TOP (SBARQ But (SBAR-ADV if (S (NP-SBJ (NP his explanation) (PP of (NP motivation))) (VP is (ADJP-PRD true)))) , (WHADVP-1 why) (SQ is (NP-SBJ-2 his investigation) (VP (ADVP so) oriented (NP *-2) (SBAR-PRP as (S (NP-SBJ *-2) (VP to (VP identify (NP criminal activity))))) (ADVP-PRP *T*-1))) ?)) (TOP (FRAG (WHADVP Why not) (NP (NP simply questions) (VP designed (S (NP-SBJ *) (VP to (VP identify (NP (NP sources and causes) (PP of (NP waste and inefficiency)))))))) ?)) (TOP (FRAG (PP Such as , (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happened (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-4 Congress) (VP wanted (S (NP-SBJ *-4) (VP to (VP know (PP-CLR about (NP (ADJP $ 400 *U*) toilet seats (FRAG or (SBAR (WHNP-2 whatever) (S (NP-SBJ they) (ADVP supposedly) (VP cost (NP *T*-2)))))))))) (ADVP-TMP *T*-3)))))))) ?)) (TOP (S (INTJ No) , (NP-SBJ (NP Mr. Lantos 's) complaints) (ADVP simply) (VP wo n't (VP wash)) .)) (TOP (SBAR (LST 4 .) That (S (S (NP-SBJ the Journal) (VP defends `` (NP (NP the sleaze , fraud , waste , embezzlement , influence-peddling and abuse) (PP of (NP the public)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP took (NP place) (SBAR-TMP while (S (NP-SBJ Mr. Pierce) (VP was (NP-PRD (NP secretary) (PP of (NP HUD)))))))))))) , '' (X (NP etc.) and (ADVP so forth))) .)) (TOP (S (INTJ No) , (PP to (NP my mind)) , (NP-SBJ the Journal) (VP did not `` (VP defend (NP (NP sleaze) , (NP fraud) , (NP waste) , (NP embezzlement) , (NP influence-peddling) and (NP (NP abuse) (PP of (NP the public trust)))))) ... '')) (TOP (S (NP-SBJ it) (VP defended (NP (NP appropriate constitutional safeguards) and (NP practical common sense))) .)) (TOP (S (NP-SBJ (NP The problem) , (SBAR (WHNP-1 which) (S (NP-SBJ the Journal) (ADVP so rightly) (VP pointed (NP *T*-1) (PRT out) (PP-LOC in (NP (NP a number) (PP of (NP articles))))))) ,) (VP is (NP-PRD not (NP (NP the likes) (PP of (NP (NP Mr. Lantos) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (PP after (NP all)) (VP is (ADVP really) (NP-PRD (NP a bit player) (PP-LOC on (NP the stage))))))))) , but (NP (NP the attempt (S *ICH*-3)) (PP by (NP Congress)) (S-3 (NP-SBJ *) (VP to (VP enhance (NP itself) (PP-CLR into (NP a quasi-parliamentary/judicial body)))))))) .)) (TOP (S -LRB- (PP Of (NP course)) , (NP-SBJ we) (VP 've (ADVP also) (VP got (NP (NP a judiciary) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP seeks (NP the same objective))))))) . -RRB-)) (TOP (S (NP-SBJ The system) (VP is (NP-PRD the problem) , (FRAG not (NP an individual member))) .)) (TOP (S (NP-SBJ Individuals) (VP can (ADVP-TMP always) (VP have (S (NP-SBJ-1 their hands) (VP slapped (NP *-1))))) .)) (TOP (S-CLF (NP-SBJ It) (VP 's (SBAR-PRD (WHADVP-1 when) (S (NP-SBJ such slapping) (VP does n't (VP occur (ADVP-TMP *T*-1))))) (SBAR (WHADVP-2 that) (S (NP-SBJ we) (VP 've (VP got (NP trouble) (ADVP-TMP *T*-2)))))) .)) (TOP (S (NP-SBJ I) (VP do not (PP by (NP any means)) (VP defend (NP HUD management))) .)) (TOP (S But (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ (NP the kind) (PP of (NP congressional investigation)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP pursued (NP *-1))))))) (VP is (NP-PRD (NP a (ADJP far greater) danger) (PP to (NP (NP American notions) (PP of (NP liberty and freedom)))) (SBAR than (S (NP-SBJ (NP any incompetency) (PRN -LRB- and , (INTJ yes) , maybe (NP criminality) -RRB-) (PP-LOC within (NP HUD))) (VP could (ADVP possibly) (VP generate (NP *?*)))))))))) .)) (TOP (S (NP-SBJ (NP The last time) (SBAR (WHADVP-1 0) (S (NP-SBJ I) (VP saw (NP a similar congressional hearing) (ADVP-TMP *T*-1))))) (VP was (SBAR-PRD (WHADVP-2 when) (S (NP-SBJ `` Tail Gunner Joe '' McCarthy) (VP did (NP his work) (ADVP-TMP *T*-2))))) .)) (TOP (NP Raymond Weber)) (TOP (NP (NP Parsippany) , (NP N.J .))) (TOP (S (NP-SBJ I) (VP disagree (PP-CLR with (NP (NP the statement (SBAR *ICH*-2)) (PP by (NP Mr. Lantos)) (SBAR-2 that (S (NP-SBJ one) (VP should not (VP draw (NP an adverse inference) (PP against (NP (NP former HUD officials) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP assert (NP (NP their Fifth Amendment privilege) (PP against (NP self-incrimination))) (PP-LOC in (NP congressional hearings)))))))))))))) .)) (TOP (S (NP-SBJ The Fifth Amendment) (VP states (PP-LOC in (NP relevant part)) (SBAR that (S (NP-SBJ-1 no person) `` (VP shall (VP be (VP compelled , (PP-LOC in (NP any criminal case)) , (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a witness) (PP against (NP himself)))))))))))) . '')) (TOP (S (NP-SBJ (NP This privilege) (PP against (NP self-incrimination))) (VP precludes (NP (NP the drawing) (PP of (NP an adverse inference)) (PP against (NP (NP a criminal defendant) (SBAR (WHNP-3 who) (S (NP-SBJ-1 *T*-3) (VP chooses not (S (NP-SBJ *-1) (VP to (VP testify)))))))))) .)) (TOP (S (ADVP Thus) , (PP-LOC in (NP a criminal case)) , (S (NP-SBJ a prosecutor) (VP can not (VP comment (PP-CLR on (NP (NP a defendant 's) failure (S (NP-SBJ *) (VP to (VP testify)))))))) nor (SINV can (NP-SBJ-1 the defendant) (VP be (VP compelled (S (NP-SBJ *-1) (VP to (VP take (NP the stand) (PP as (NP a witness))))) , (S-ADV (ADVP thus) (NP-SBJ *) (VP forcing (S (NP-SBJ him) (VP to `` (VP take (NP the Fifth))))))))) . '')) (TOP (S (NP-SBJ-1 The privilege) , (ADVP however) , (VP has (VP been (VP limited (PP in (NP (NP accordance) (PP with (NP its plain language)))) (S (NP-SBJ *-1) (VP to (VP protect (NP the defendant) (PP-LOC in (NP criminal matters only)))))))) .)) (TOP (S (NP-SBJ (NP The Supreme Court) and (NP some states)) (VP have (VP (ADVP-MNR specifically) recognized (SBAR that `` (S (NP-SBJ the Fifth Amendment) (VP does not (VP preclude (NP the inference) (SBAR-LOC (WHADVP-2 where) (S (NP-SBJ-1 the privilege) (VP is (VP claimed (NP *-1) (PP by (NP-LGS (NP a party) (PP to (NP a civil cause)))) (ADVP-LOC *T*-2))))))))))) . '')) (TOP (NP (NP (NP Baxter) (PP v. (NP Palmingiano))) , (NP 425 U.S. 308) (PRN -LRB- (NP-TMP 1976) -RRB-) .)) (TOP (S (ADVP Thus) , (PP-LOC in (NP a civil case)) , (S (NP-SBJ-1 a defendant) (VP may (VP be (VP called (NP *-1) (PP-CLR as (NP a witness)))))) , (S (NP-SBJ-2 he) (VP may (VP be (VP forced (S (NP-SBJ *-2) (VP to (VP (VP testify) or (VP take (NP the Fifth))))))))) , and (S (NP-SBJ (NP his taking) (PP of (NP the Fifth))) (VP may (VP permit (NP (NP the drawing) (PP of (NP (NP an adverse inference) (PP against (NP him)))) (PP-LOC in (NP the civil matter)))))) .)) (TOP (S (NP-SBJ He) (VP may (VP take (NP the Fifth) (PP-LOC in (NP a civil matter)) (SBAR-ADV (ADVP only) if (S (NP-SBJ he) (VP has (NP a (NX (NX good faith (SBAR *EXP*-1)) and (NX justifiable belief (SBAR *EXP*-1))) (SBAR-1 that (S (NP-SBJ his testimony) (VP may (VP subject (NP him) (PP-CLR to (NP criminal prosecution)))))))))))) .)) (TOP (S (S-NOM-SBJ-2 (NP-SBJ *) (VP Allowing (S (NP-SBJ the defendant) (VP to (VP take (NP the Fifth)))) (PP-LOC in (NP a civil matter)))) (VP is (UCP-PRD (VP not based (NP *-2) (PP-LOC-CLR on (NP a constitutional right (S (NP-SBJ-3 *) (VP to (VP refuse (S (NP-SBJ *-3) (VP to (VP testify))) (SBAR-LOC (WHADVP-4 where) (S (NP-SBJ (NP one 's) testimony) (VP harms (NP him) (PP-LOC in (NP the civil matter)) (ADVP-LOC *T*-4)))))))))) , but (SBAR-PRP because (S (NP-SBJ-1 (NP the testimony) (PP-LOC in (NP the civil matter))) (VP could (VP be (VP (ADVP-MNR unconstitutionally) used (NP *-1) (PP-CLR against (NP him)) (PP-LOC in (NP a subsequent criminal prosecution))))))))) .)) (TOP (S (S-ADV (ADJP-PRD Absent) (NP-SBJ (NP the risk) (PP of (NP such prosecution)))) , (NP-SBJ a court) (VP may (VP order (NP-1 the defendant) (S (NP-SBJ *-1) (VP to (VP testify))))) .)) (TOP (S (ADVP Thus) , (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-2 Mr. Pierce) (VP asserted (NP the Fifth) (PP-LOC in (NP a noncriminal proceeding)) , (PP-TMP (ADVP particularly) after (S-NOM (NP-SBJ *-2) (ADVP presumably) (VP receiving (NP (NP extensive advice) (PP from (NP legal counsel)))))) (ADVP-TMP *T*-3)))) , (NP-SBJ one) (VP must (VP conclude (SBAR that (S (NP-SBJ he) (VP held (NP a good-faith , justifiable belief (SBAR that (S (NP-SBJ-1 his testimony) (VP could (VP be (VP used (NP *-1) (PP-CLR against (NP him)) (PP-LOC in (NP a subsequent criminal prosecution))))))))))))) .)) (TOP (S (NP-SBJ (NP The subcommittee) , (NP Congress) and (NP the American public)) (VP have (NP every right (S (NP-SBJ *) (VP (VP to (VP draw (NP the adverse inference))) and (VP to (VP concur (PP-CLR with (NP (NP Mr. Pierce 's) own belief (SBAR that (S (NP-SBJ-1 his testimony) (VP could (VP help (S (NP-SBJ *-1) (VP convict (NP him) (PP-CLR of (NP a crime)))))))))))))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Drawing (NP the adverse inference) (PP-LOC in (NP a noncriminal congressional hearing)))) (VP does not (VP offend (NP (NP the Fifth Amendment shield) (PP against (NP self-incrimination))))) .)) (TOP (NP Clark S. Spalsbury Jr .)) (TOP (NP (NP Estes Park) , (NP Colo) .)) (TOP (S (S (NP-SBJ It) (VP was (NP-PRD Friday the 13th))) , and (S (NP-SBJ the stock market) (VP plummeted (NP-EXT (QP nearly 200) points))) .)) (TOP (FRAG (NP Just a coincidence) ?)) (TOP (SQ Or is (NP-SBJ (NP triskaidekaphobia) (PRN -- (NP (NP fear) (PP of (NP (NP the number) (NP 13)))) --)) (ADJP-PRD justified) ?)) (TOP (S (PP-LOC In (NP academia)) , (NP-SBJ-1 a so-called (NAC Friday the 13th) effect) (VP has (VP been (VP (VP set (NP *-1) (PRT up)) and (VP shot (NP *-1) (PRT down)) (PP by (NP-LGS different professors))))) .)) (TOP (S (NP-SBJ (NP (NP Robert Kolb) and (NP Ricardo Rodriguez)) , (NP (NP professors) (PP of (NP finance)) (PP-LOC at (NP (NP the University) (PP of (NP Miami))))) ,) (VP found (NP evidence (SBAR that (S (NP-SBJ-1 the market) (VP is (VP spooked (NP *-1) (PP by (NP-LGS Friday the 13th)))))))) .)) (TOP (S But (NP-SBJ-1 (NP their study) , (SBAR (WHNP-87 which) (S (NP-SBJ *T*-87) (VP spanned (NP the 1962-85 period)))) ,) (VP has (ADVP-TMP since) (VP been (VP shown (S (NP-SBJ-86 *-1) (VP to (VP be (VP jinxed (NP *-86) (PP by (NP-LGS (NP an unlucky choice) (PP of (NP data))))))))))) .)) (TOP (S (PP-TMP In (NP the '70s)) , (NP-SBJ the market) (VP took (NP falls) (NP-TMP (NP nine times) (PP-LOC in (NP a row))) (PP-TMP on (NP Friday the you-know-what))) .)) (TOP (S But (NP-SBJ-1 the date) (VP tends (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a plus) , not (NP a minus) ,) (PP for (NP stocks))))) , (PP according (PP to (NP (NP Yale Hirsch) , (NP (NP a collector) (PP of (NP stock market lore))))))) .)) (TOP (S (NP-SBJ Another study) (VP found (SBAR that (S (NP-SBJ (NP the 82 (NAC Fridays the 13th)) (PP-TMP in (NP the 1940-1987 period))) (VP had (NP (NP (ADJP higher than average) returns) -- (ADJP (ADJP higher even) (PP than (NP (NP (NP Fridays) (PP in (ADJP general))) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP tend (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP strong days) (PP for (NP stock prices))))))))))))))))) .)) (TOP (S (PP-TMP On (NP (NP the only other Friday the 13th) (NP-TMP this year))) , (NP-SBJ the Dow Jones Industrial Average) (VP rose (NP-EXT (QP about four) points)) .)) (TOP (S (NP-SBJ Professor Kolb) (VP says (SBAR 0 (S (NP-SBJ-1 (NP the original study) , (VP titled (S (NP-SBJ *) (NP-TTL-PRD (NP Friday the 13th) , (NP Part VII)))) ,) (VP was (VP published (NP *-1) (ADVP-MNR tongue-in-cheek)))))) .)) (TOP (S (PP-LOC In (NP a similar vein)) , (NP-SBJ he) (VP adds (SBAR that (S (NP-SBJ (NP (NP the anniversary) (PP of (NP the 1987 crash))) and (NP (NP Saturday 's) full moon)) (VP could (VP have (VP played (NP a part) , (ADVP too) , (PP-LOC in (NP (NP Friday 's) market activity)))))))) .)) (TOP (FRAG (ADJP reminiscent (PP of (NP (NP those) (PP-TMP during (NP the 1987 crash))))) -- (SBAR that (S (SBAR-TMP as (S (S (NP-SBJ stock prices) (VP plummeted)) and (S (NP-SBJ trading activity) (VP escalated)))) , (NP-SBJ (NP some phone calls) (PP to (NP (NP market makers) (PP-LOC in (NP over-the-counter stocks))))) (VP went (ADJP-PRD unanswered)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP could n't (VP get (S (NP-SBJ dealers) (VP to (VP answer (NP their phones))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Robert King) , (NP (NP senior vice president) (PP of (NP OTC trading)) (PP-LOC at (NP (NP Robinson-Humphrey Co.) (PP-LOC in (NP Atlanta)))))) .)) (TOP (S `` (NP-SBJ It) (VP was (PP-PRD (PRN -LCB- like -RCB-) (NP (NP the Friday) (PP-TMP before (NP Black Monday)) '' (ADVP-TMP (NP two years) ago)))) .)) (TOP (S (SBAR-ADV Whether (S (NP-SBJ unanswered phone calls) (VP had (NP any effect))) or not) , (NP-SBJ Nasdaq stocks) (VP sank (ADVP-EXT (ADVP far less) (PP than (NP (NP those) (PP-LOC on (NP the (UCP New York and American) exchanges)))))) .)) (TOP (S (ADVP Nonetheless) , (NP-SBJ-1 the Nasdaq Composite Index) (VP suffered (NP (NP (NP its biggest point decline) (PP of (NP the year))) and (NP its (ADJP sixth worst) ever)) , (S-ADV (NP-SBJ *-1) (VP diving (NP-EXT (NP 14.90) , or (NP 3 %) ,) (PP-DIR to (NP 467.29))))) .)) (TOP (S (NP-SBJ (NP Ten points) (PP of (NP the drop))) (VP occurred (PP-TMP during (NP (NP the last 45 minutes) (PP of (NP trading))))) .)) (TOP (S (PP By (NP comparison)) , (S (NP-SBJ the New York Stock Exchange Composite) (VP tumbled (NP-EXT 5.8 %) (NP-TMP Friday))) and (S (NP-SBJ the American Stock Exchange Composite) (VP fell (NP-EXT 4 %))) .)) (TOP (S (PP-TMP On (NP Oct. 16 , 1987)) , (NP-SBJ-2 the Nasdaq Composite) (VP fell (NP-EXT (NP 16.18 points) , or (NP 3.8 %)) , (S-ADV (NP-SBJ-1 *-2) (VP followed (NP *-1) (PP by (NP-LGS its devastating (ADJP (ADJP 46.12-point) , or (ADJP 11 %)) slide)) , (ADVP-TMP (NP three days) later)))) .)) (TOP (S (NP-SBJ Nasdaq volume) (NP-TMP Friday) (VP totaled (NP (QP 167.7 million) shares) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (NP-PRD (NP only the (ADJP fifth busiest) day) (ADVP-TMP so far (NP this year))))))) .)) (TOP (S (NP-SBJ-1 (NP The single-day record) (PP of (NP (QP 288 million) shares))) (VP was (VP set (NP *-1) (PP-TMP on (NP Oct. 21)))) ,)) (TOP (SINV `` (S-TPC-2 (NP-SBJ There) (VP was n't (NP-PRD (NP a lot) (PP of (NP volume))) (SBAR-PRP because (S (NP-SBJ (NP it) (S *EXP*-3)) (VP was (ADJP-PRD just impossible) (S-3 (NP-SBJ *) (VP to (VP get (S (NP-SBJ-4 stock) (VP moved (NP *-4))))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP E.E. `` Buzzy '' Geduld) , (NP (NP president) (PP of (NP (NP Herzog , Heine , Geduld) , (NP (NP a New York company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP makes (NP markets) (PP-LOC in (NP (NP thousands) (PP of (NP OTC issues)))))))))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP (NP the complaints) (PP about (NP unanswered phone calls))))) (VP came (PP-DIR from (NP (NP regional brokers) (CONJP rather than) (NP individual investors)))) .)) (TOP (S (NP-SBJ-1 (NP (NP Mr. King) (PP of (NP Robinson-Humphrey))) and (NP others)) (VP were (ADJP-PRD quick (S (NP-SBJ *-1) (VP to (VP add (SBAR that (S (NP-SBJ they) (VP believe (SBAR 0 (S (NP-SBJ the problem) (VP stemmed (PP-DIR (ADVP more) from (NP (NP (NP traders ') inability (S (NP-SBJ *) (VP to (VP handle (NP (NP the volume) (PP of (NP calls))))))) , (CONJP rather than) (NP a deliberate attempt (S (NP-SBJ-2 *) (VP to (VP avoid (S (NP-SBJ *-2) (VP making (NP trades)))))))))))))))))))) .)) (TOP (S (NP-SBJ The subject) (VP is (NP-PRD a sore one) (PP for (NP (NP Nasdaq) and (NP (NP its market-making companies) , (SBAR (WHNP-3 which) (S (NP-SBJ-1 *T*-3) (VP were (VP (ADVP-MNR widely) criticized (NP *-1) (ADVP-TMP (NP two years) ago) (PP-TMP following (NP (NP complaints) (PP from (NP (NP investors) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP could n't (VP (VP reach (NP their brokers)) or (VP trade) (PP-LOC in (NP (NP the chaos) (PP of (NP the crash)))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Peter DaPuzzo) , (NP (NP head) (PP of (NP retail equity trading)) (PP-LOC at (NP Shearson Lehman Hutton))) ,) (VP declared : (SBAR 0 `` (S (NP-SBJ It) (VP was (NP-PRD (NP the last hour) (PP of (NP trading)) (PP-LOC on (NP a Friday))))))) .)) (TOP (S (NP-SBJ There) (VP were (NP-PRD (NP (NP (ADJP too many) phones) (VP ringing)) and (NP (NP (ADJP too many) things) (VP happening))) (S-CLR (NP-SBJ *) (VP to (VP expect (S (NP-SBJ market makers) (VP to (VP be (ADJP-PRD (ADJP as efficient) (PP as (NP robots)))))))))) .)) (TOP (S (S (NP-SBJ It) (VP was n't (ADJP-PRD intentional))) , (S (NP-SBJ we) (VP were all (ADJP-PRD busy))) . '')) (TOP (S (NP-SBJ (NP James Tarantino) , (NP (NP head) (PP of (NP (NP OTC) trading)) (PP-LOC at (NP (NP Hambrecht & Quist) (PP-LOC in (NP San Francisco))))) ,) (VP said , (SBAR 0 `` (S (NP-SBJ It) (VP was (PP-PRD (ADVP just) like (ADVP (NP two years) ago)))))) .)) (TOP (S (NP-SBJ-1 Everybody) (VP was (VP trying (S (NP-SBJ *-1) (VP to (VP do (NP the same thing) (PP-TMP at (NP the same time))))))) . '')) (TOP (S (NP-SBJ (NP Jeremiah Mullins) , (NP (NP the OTC trading chief) (PP-LOC at (NP (NP Dean Witter Reynolds) (PP-LOC in (NP New York))))) ,) (VP said (ADVP-MNR proudly) (SBAR that (S (NP-SBJ his company) (VP executed (NP (NP every order) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP received (NP *T*-1))))) (PP-TMP by (NP (NP the close) (PP of (NP trading)))))))) .)) (TOP (S-1 But (PRN , (S (NP-SBJ he) (VP added (SBAR 0 (S *T*-1)))) ,) `` (NP-SBJ you) (VP can (ADVP only) (VP take (NP one call) (PP-TMP at (NP a time)))) . '')) (TOP (S (NP-SBJ-2 Market makers) (VP keep (NP (NP supplies) (PP of (NP stock))) (PP-LOC-CLR on (NP hand)) (S-PRP (NP-SBJ *-2) (VP to (VP maintain (NP orderly trading) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ imbalances) (VP occur (ADVP-TMP *T*-1)))))))) .)) (TOP (S (PP-TMP On (NP (NP days) (PP like (NP Friday)))) , (NP-SBJ that) (VP means (SBAR 0 (S (NP-SBJ they) (VP must (VP buy (NP shares) (PP-CLR from (NP sellers)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 (NP no one) (ADJP else)) (VP is (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP *?*)))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ selling) (VP is (ADJP-PRD so frenzied) (ADVP-TMP *T*-1)))) , (NP-SBJ prices) (VP fall (ADVP-MNR steeply and fast)) .)) (TOP (S (ADVP-TMP (NP Two years) ago) , (S-ADV (NP-SBJ-1 *-2) (VP faced (NP *-1) (PP-CLR with (NP (NP the possibility) (PP of (NP (NP heavy losses) (PP on (NP (NP the stocks) (PP-LOC in (NP their inventories)))))))))) , (NP-SBJ-2 (NP market makers) (NP themselves)) (VP began (S (NP-SBJ *-2) (VP dumping (NP shares))) , (S-ADV (NP-SBJ *-2) (VP exacerbating (NP (NP the slide) (PP-LOC in (NP OTC stock prices)))))) .)) (TOP (S (S-TPC-1 (PP-TMP On (NP Friday)) , (NP-SBJ some market makers) (VP were (VP selling (ADVP-TMP again)))) , (NP-SBJ traders) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S But , (PP with (S-NOM (NP-SBJ profits) (VP sagging (PP-LOC on (NP Wall Street)) (PP-TMP since (NP the crash))))) , (NP-SBJ companies) (VP have (VP kept (NP smaller share stockpiles) (PP-LOC-CLR on (NP hand)))) .)) (TOP (S (NP-SBJ (NP Mr. Tarantino) (PP of (NP Hambrecht & Quist))) (VP said (SBAR 0 (S (NP-SBJ some prices) (VP fell (PP without (S-NOM (NP-SBJ trades) (VP taking (NP place)))) , (SBAR-TMP as (S (NP-SBJ-1 market makers) (VP kept (S (NP-SBJ *-1) (VP dropping (NP (NP the prices) (SBAR (WHPP-2 at (WHNP which)) (S (NP-SBJ they) (VP would (VP buy (NP shares) (PP *T*-2))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Everyone) (VP was (VP hitting (NP (NP (NP (NP everyone) (ADJP else)) 's) bid)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S So , (SBAR-ADV while (S (NP-SBJ (NP OTC) companies) (VP incurred (NP losses) (PP-TMP on (NP Friday))))) , (NP-SBJ trading officials) (VP said (SBAR 0 (S (NP-SBJ the damage) (VP was n't (ADJP-PRD (ADJP as bad) (SBAR as (S (NP-SBJ it) (VP was (ADJP-PRD *?*) (PP-TMP in (NP 1987)))))))))) .)) (TOP (S `` (ADVP-TMP (NP Two years) ago) (S (NP-SBJ we) (VP were (VP carrying (NP huge inventories)))) and (S (NP-SBJ that) (VP was (NP-PRD the big culprit))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ I) (VP do n't (VP know (PP-CLR of (NP (NP anyone) (VP carrying (NP big inventories) (ADVP-TMP now))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Mr. King) (PP of (NP Robinson-Humphrey))) .)) (TOP (S (NP-SBJ (NP Tony Cecin) , (NP (NP head) (PP of (NP equity trading)) (PP-LOC at (NP (NP Piper , Jaffray & Hopwood) (PP-LOC in (NP Minneapolis))))) ,) (VP said (SBAR that (S (NP-SBJ Piper Jaffray) (ADVP actually) (VP made (NP money) (PP-TMP on (NP Friday)))))) .)) (TOP (S (S-TPC-3 (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP helped (SBAR-1 that (S (NP-SBJ his inventory) (VP is (ADJP-PRD (ADJP (NP a third) smaller) (SBAR *ICH*-2)) (ADVP-TMP now) (SBAR-2 than (S (NP-SBJ it) (VP was (ADJP-PRD *?*) (ADVP-TMP (NP two years) ago))))))))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (NP-SBJ (NP Joseph Hardiman) , (NP (NP president) (PP of (NP (NP (NP the National Association) (PP of (NP Securities Dealers))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP oversees (NP the Nasdaq computerized trading system)))) ,)))) (VP said (SBAR that (S (PP despite (NP (NP the rush) (PP of (NP selling)))) , (NP-SBJ he) (ADVP-TMP never) (VP considered (S (NP-SBJ the situation) (NP-PRD an `` emergency)))))) . '')) (TOP (S `` (S-TPC-1 (NP-SBJ (NP The pace) (PP of (NP trading))) (VP was (ADJP-PRD orderly))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ (NP Nasdaq 's) Small Order Execution System) `` (VP worked (ADVP-MNR beautifully) , '' (SBAR-ADV as (SINV did (NP-SBJ (NP the automated system) (PP for (NP larger trades))) (VP *?*))) , (PP according (PP to (NP Mr. Hardiman)))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ (NP the shock) (PP of (NP (NP another steep plunge) (PP-LOC in (NP stock prices))))) (ADVP undoubtedly) (VP will (VP shake (NP (NP many investors ') confidence))) .)) (TOP (S (PP-TMP In (NP the past)) , (NP-SBJ the OTC market) (VP thrived (PP-CLR on (NP (NP a firm base) (PP of (NP small-investor participation))))) .)) (TOP (S (SBAR-PRP Because (S (NP-SBJ (NP Nasdaq 's) trading volume) (VP has n't (VP returned (PP-DIR to (NP pre-crash levels)))))) , (NP-SBJ (NP traders) and (NP OTC market officials)) (VP hope (SBAR 0 (S (NP-SBJ the damage) (VP wo n't (VP be (ADJP-PRD permanent)))))) .)) (TOP (S But (NP-SBJ they) (VP are (ADJP-PRD worried)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 We) (VP were (ADVP just) (VP starting (S (NP-SBJ *-2) (VP to (VP get (NP (NP the public 's) confidence) (PRT back))))))) , '' (VP lamented (S *T*-1)) (NP-SBJ (NP Mr. Mullins) (PP of (NP Dean Witter))) .)) (TOP (SINV (ADJP-PRD-TPC-1 More troubling) (VP is (ADJP-PRD *T*-1)) (NP-SBJ the prospect (SBAR that (S (NP-SBJ (NP the overall collapse) (PP-LOC in (NP stock prices))) (VP could (ADVP permanently) (VP erode (NP (NP the base) (PP of (NP small-investor support)) (SBAR (WHNP-3 0) (S (NP-SBJ-2 the OTC market) (VP was (VP struggling (S (NP-SBJ *-2) (VP to (VP rebuild (NP *T*-3) (PP-LOC in (NP (NP the wake) (PP of (NP the October 1987 crash))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Cecin) (PP of (NP Piper Jaffray))) (VP says (SBAR 0 (S (NP-SBJ (NP some action) (PP from (NP government policy makers))) (VP would (VP allay (NP investor fears)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP It) (S *EXP*-2)) (VP wo n't (VP take (NP (NP much) (ADJP more)) (S-2 (NP-SBJ *) (VP to `` (VP scare (NP-CLR the hell) (ADVP-CLR out (PP of (NP retail investors))))))))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP The sellers) (NP *ICH*-1)) (PP-TMP on (NP Friday)) (VP came (PP-DIR from (NP (NP all corners) (PP of (NP the OTC market)))) -- (NP-1 (NP (ADJP big and small) institutional investors) , (CONJP as well as) (NP (NP individual investors) and (NP market makers)))) .)) (TOP (S But (NP-SBJ grateful traders) (VP said (SBAR 0 (S (NP-SBJ the sell orders) (ADVP generally) (VP ranged (PP-DIR (PP from (NP 20,000 shares)) (PP to (NP 50,000 shares))) , (PP compared (PP with (NP (NP blocks) (PP of (NP (NP 500,000 shares (QP or more))))) (ADVP-TMP (NP two years) ago))))))) .)) (TOP (S (NP-SBJ (NP Shearson 's) Mr. DaPuzzo) (VP said (SBAR 0 (S (NP-SBJ-1 retail investors) (VP (VP (ADVP-MNR nervously) sold (NP stock) (NP-TMP Friday)) and (VP (ADVP-TMP never) returned (S-PRP (NP-SBJ *-1) (VP to (VP bargain-hunt)))))))) .)) (TOP (S (NP-SBJ (NP Institutional investors) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP had (VP been (VP selling (NP stock) (PP-TMP throughout (NP last week)) (S-PRP (NP-SBJ *-2) (VP to (VP lock (PRT in) (NP (NP handsome gains) (VP made (NP *) (PP-TMP through (NP the third quarter)))))))))))) ,) (VP were (ADJP-PRD calmer)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP had (NP (NP (NP a good amount) (PP of (NP selling)) (PP from (NP institutions))) , but not (NP (ADJP as much) panic)))) , '' (NP-SBJ Mr. DaPuzzo) (VP said (S *T*-1)) .)) (TOP (S `` (SBAR-ADV If (S (NP-SBJ they) (VP could n't (VP sell)))) , (NP-SBJ (NP some) (PP of (NP them))) (VP put (NP the shares) (ADVP-DIR back) (PP-PUT on (NP the shelf))) . '')) (TOP (S-2 (PP In (NP addition)) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-2)))) ,) (NP-SBJ some bigger institutional investors) (VP placed (NP bids (S (NP-SBJ *) (VP to (VP buy (NP (NP some OTC stocks) (SBAR (WHNP-1 whose prices) (S (NP-SBJ-3 *T*-1) (VP were (VP beaten (PRT down) (NP *-3))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Mr. DaPuzzo) (VP said (SBAR 0 (S (NP-SBJ (NP computer-guided program selling) (PP of (NP (NP OTC stocks) (PP-LOC in (NP (NP (NP the Russell Index) (PP of (NP 2000 small stocks))) and (NP (NP the Standard & Poor 's) 500-stock Index)))))) (VP sent (NP occasional `` waves ``) (PP-DIR through (NP the market)))))) .)) (TOP (S (NP-SBJ-1 (NP Nasdaq 's) biggest stocks) (VP were (VP hammered (NP *-1))) .)) (TOP (S (NP-SBJ (NP The Nasdaq 100 Index) (PP of (NP (NP the largest nonfinancial issues) , (PP including (NP the big OTC technology issues)) ,))) (VP tumbled (NP-EXT (NP 4.2 %) , or (NP 19.76) ,) (PP-DIR to (NP 449.33))) .)) (TOP (S (NP-SBJ (NP The Nasdaq Financial Index) (PP of (NP giant insurance and banking stocks))) (VP dropped (NP-EXT (NP 2 %) , or (NP 9.31) ,) (PP-DIR to (NP 462.98))) .)) (TOP (S (NP-SBJ The OTC market) (VP has (NP (NP only a handful) (PP of (NP takeover-related stocks)))) .)) (TOP (S But (NP-SBJ they) (VP fell (ADVP-MNR sharply)) .)) (TOP (S (NP-SBJ-1 McCaw Cellular Communications) , (PP for (NP instance)) , (VP has (VP offered (S (NP-SBJ *-1) (VP to (VP (VP buy (NP (NP LIN Broadcasting) (CONJP as well as) (NP (NP Metromedia 's) New York City cellular telephone interests))) , and (VP (PP-LOC in (NP a separate transaction)) , sell (NP certain McCaw properties) (PP-DTV to (NP Contel Cellular)))))))) .)) (TOP (S (NP-SBJ McCaw) (VP lost (NP (NP 8 %) , or (NP (QP 3 1/2)) ,) (PP-DIR to (NP 40))) .)) (TOP (S (NP-SBJ LIN Broadcasting) , (VP dropped (NP-EXT (NP (QP 5 1/2)) , or (NP 5 %) ,) (PP-DIR to (NP (QP 107 1/2)))) .)) (TOP (S (NP-SBJ (NP The turnover) (PP-LOC in (NP both issues))) (VP was (ADJP-PRD roughly normal)) .)) (TOP (S (PP-TMP On (NP (NP a day) (SBAR (WHADVP-1 when) (S (NP-SBJ negative takeover-related news) (VP did n't (VP sit (ADVP-MNR well) (PP with (NP investors)) (ADVP-TMP *T*-1))))))) , (NP-SBJ (NP Commercial Intertech) , (NP (NP a maker) (PP of (NP engineered metal parts))) ,) (VP said (SBAR 0 (S (NP-SBJ Haas & Partners) (VP advised (NP it) (SBAR that (S (NP-SBJ-2 it) (VP does n't (VP plan (S (NP-SBJ *-2) (VP to (VP pursue (NP its (ADJP previously reported) (ADJP $ 27.50-a-share *U*) bid (S (NP-SBJ *) (VP to (VP buy (NP the company)))))))))))))))) .)) (TOP (S (NP-SBJ Commercial Intertech) (VP plummeted (NP-EXT 6) (PP-DIR to (NP 26))) .)) (TOP (S (NP-SBJ (NP The issues) (PP of (NP (NP companies) (PP with (NP (NP ties) (PP to (NP the junk bond market))))))) (ADVP also) (VP tumbled (NP-TMP Friday)) .)) (TOP (S (PP-TMP On (NP the OTC market)) , (NP-SBJ (NP First Executive) , (NP (NP a big buyer) (PP of (NP the high-risk , high-yield issues))) ,) (VP slid (NP-EXT 2) (PP-DIR to (NP (QP 12 1/4)))) .)) (TOP (S (PP-LOC Among (NP other OTC issues)) , (S (NP-SBJ Intel) , (VP dropped (NP-EXT (QP 2 1/8)) (PP-DIR to (NP (QP 33 7/8))))) ; (S (NP-SBJ Laidlaw Transportation) (VP lost (NP (QP 1 1/8)) (PP-DIR to (NP (QP 19 1/2))))) ; (S (NP-SBJ (NP the American depositary receipts) (PP of (NP Jaguar))) (VP were (ADVP-PRD off (NP 1/4)) (PP-DIR to (NP (QP 10 1/4))))) ; (S (NP-SBJ MCI Communications) (VP slipped (NP-EXT (QP 2 1/4)) (PP-DIR to (NP (QP 43 1/2))))) ; (S (NP-SBJ Apple Computer) (VP fell (NP-EXT 3) (PP-DIR to (NP (QP 45 3/4))))) and (S (NP-SBJ Nike) (VP dropped (NP-EXT (QP 2 1/4)) (PP-DIR to (NP (QP 66 3/4))))) .)) (TOP (NP Friday , October 13 , 1989)) (TOP (S (NP-SBJ (NP The key (UCP U.S. and foreign) annual interest rates) (ADVP-LOC below)) (VP (VP are (NP-PRD (NP a guide) (PP to (NP general levels)))) but (VP do n't (ADVP-TMP always) (VP represent (NP actual transactions)))) .)) (TOP (NP-HLN PRIME RATE :)) (TOP (NP (QP 10 1/2) % .)) (TOP (NP (NP The base rate) (PP on (NP corporate loans)) (PP-LOC at (NP large U.S. money center commercial banks)) .)) (TOP (NP-HLN FEDERAL FUNDS :)) (TOP (NP (NP (NP (QP 8 13/16) %) (ADJP high)) , (NP (NP (QP 8 1/2) %) (ADJP low)) , (NP (NP (QP 8 5/8) %) (PP near (NP closing bid))) , (NP (NP (QP 8 3/4) %) (VP offered (NP *))) .)) (TOP (NP (NP Reserves) (VP traded (PP-LOC among (NP commercial banks)) (PP-PRP for (NP overnight use)) (PP in (NP (NP amounts) (PP of (NP (QP $ 1 million) *U* (QP or more)))))) .)) (TOP (NP (NP Source) : (NP Fulton Prebon (PRN -LRB- U.S.A . -RRB-) Inc) .)) (TOP (NP-HLN DISCOUNT RATE :)) (TOP (NP 7 % .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP depository institutions)))) (PP by (NP the New York Federal Reserve Bank)) .)) (TOP (NP-HLN CALL MONEY :)) (TOP (NP (QP 9 3/4 % to 10 %) *U* .)) (TOP (NP (NP The charge) (PP on (NP (NP loans) (PP to (NP brokers)))) (PP on (NP stock exchange collateral)) .)) (TOP (NP-HLN (NP COMMERCIAL PAPER) (VP placed (NP *) (ADVP-MNR directly) (PP by (NP-LGS General Motors Acceptance Corp.))) :)) (TOP (NP (NP (NP 8.60 %) (NP (QP 30 to 44) days)) ; (NP (NP 8.55 %) (NP (QP 45 to 59) days)) ; (NP (NP 8.375 %) (NP (QP 60 to 79) days)) ; (NP (NP 8.50 %) (NP (QP 80 to 89) days)) ; (NP (NP 8.25 %) (NP (QP 90 to 119) days)) ; (NP (NP 8.125 %) (NP (QP 120 to 149) days)) ; (NP (NP 8 %) (NP (QP 150 to 179) days)) ; (NP (NP 7.625 %) (NP (QP 180 to 270) days)) .)) (TOP (NP-HLN COMMERCIAL PAPER :)) (TOP (NP (NP High-grade unsecured notes) (VP sold (NP *) (PP through (NP dealers)) (PP by (NP-LGS major corporations)) (PP in (NP (NP multiples) (PP of (NP $ 1,000 *U*))))) :)) (TOP (NP (NP (NP 8.65 %) (NP 30 days)) ; (NP (NP 8.55 %) (NP 60 days)) ; (NP (NP 8.55 %) (NP 90 days)) .)) (TOP (NP-HLN (NP CERTIFICATES) (PP OF (NP DEPOSIT)) :)) (TOP (NP (NP (NP 8.15 %) (NP one month)) ; (NP (NP 8.15 %) (NP two months)) ; (NP (NP 8.13 %) (NP three months)) ; (NP (NP 8.11 %) (NP six months)) ; (NP (NP 8.08 %) (NP one year)) .)) (TOP (NP (NP (NP Average) (PP of (NP top rates))) (VP paid (NP *) (PP by (NP-LGS major New York banks)) (PP on (NP (NP primary new issues) (PP of (NP negotiable C.D.s)))) , (PP (ADVP-TMP usually) on (NP (NP amounts) (PP of (NP (NP $ 1 million *U*) and (NP more)))))) .)) (TOP (S (NP-SBJ The minimum unit) (VP is (NP-PRD $ 100,000 *U*)) .)) (TOP (NP (NP Typical rates) (PP-LOC in (NP the secondary market)) :)) (TOP (NP (NP (NP (NP 8.65 %) (NP one month)) ; (NP (NP 8.65 %) (NP three months)) ; (NP (NP 8.55 %) (NP six months))) .)) (TOP (NP-HLN BANKERS ACCEPTANCES :)) (TOP (NP (NP (NP 8.52 %) (NP 30 days)) ; (NP (NP 8.37 %) (NP 60 days)) ; (NP (NP 8.15 %) (NP 90 days)) ; (NP (NP 7.98 %) (NP 120 days)) ; (NP (NP 7.92 %) (NP 150 days)) ; (NP (NP 7.80 %) (NP 180 days)) .)) (TOP (NP (NP Negotiable , bank-backed business credit instruments) (VP (ADVP typically) financing (NP an import order)) .)) (TOP (NP-HLN LONDON LATE EURODOLLARS :)) (TOP (NP (NP (NP (QP 8 13/16 % to 8 11/16 %) *U*) (NP one month)) ; (NP (NP (QP 8 13/16 % to 8 11/16 %) *U*) (NP two months)) ; (NP (NP (QP 8 13/16 % to 8 11/16 %) *U*) (NP three months)) ; (NP (NP (QP 8 3/4 % to 8 5/8 %) *U*) (NP four months)) ; (NP (NP (QP 8 11/16 % to 8 9/16 %) *U*) (NP five months)) ; (NP (NP (QP 8 5/8 % to 8 1/2 %) *U*) (NP six months)) .)) (TOP (NP-HLN (NP LONDON INTERBANK OFFERED RATES) (PRN -LRB- (NP LIBOR) -RRB-) :)) (TOP (NP (NP (NP (QP 8 3/4) %) (NP one month)) ; (NP (NP (QP 8 3/4) %) (NP three months)) ; (NP (NP (QP 8 9/16) %) (NP six months)) ; (NP (NP (QP 8 9/16) %) (NP one year)) .)) (TOP (NP (NP The average) (PP of (NP (NP interbank offered rates) (PP for (NP dollar deposits)))) (PP-LOC in (NP the London market)) (PP based (PP on (NP (NP quotations) (PP-LOC at (NP five major banks))))) .)) (TOP (NP-HLN FOREIGN PRIME RATES :)) (TOP (NP (NP (NP Canada) (NP 13.50 %)) ; (NP (NP Germany) (NP 8.50 %)) ; (NP (NP Japan) (NP 4.875 %)) ; (NP (NP Switzerland) (NP 8.50 %)) ; (NP (NP Britain) (NP 15 %)) .)) (TOP (S (S (NP-SBJ These rate indications) (VP are n't (ADJP-PRD directly comparable))) ; (S (NP-SBJ lending practices) (VP vary (ADVP-MNR widely) (PP by (NP location)))) .)) (TOP (NP-HLN TREASURY BILLS :)) (TOP (NP (NP Results) (PP of (NP (NP the (NAC-TMP Tuesday , October 10 , 1989 ,) auction) (PP of (NP (NP short-term U.S. government bills) , (VP sold (NP *) (PP at (NP (NP a discount) (PP from (NP face value)))) (PP in (NP (NP units) (PP of (NP (QP $ 10,000 to $ 1 million) *U*))))))))) :)) (TOP (NP (NP (NP 7.63 %) (NP 13 weeks)) ; (NP (NP 7.60 %) (NP 26 weeks)) .)) (TOP (NP-HLN (NP FEDERAL HOME LOAN MORTGAGE CORP .) (PRN -LRB- (NP Freddie Mac) -RRB-) :)) (TOP (FRAG (NP (NP Posted yields) (PP on (NP (NP 30-year mortgage commitments) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days))))))) .)) (TOP (NP (NP (NP 9.91 %) , (NP standard conventional fixedrate mortgages)) ; (NP (NP 7.875 %) , (NP (ADJP 2 %) (ADJP rate capped) one-year adjustable rate mortgages)) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP-HLN (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION) (PRN -LRB- (NP Fannie Mae) -RRB-) :)) (TOP (NP (NP Posted yields) (PP on (NP (NP (ADJP 30 year) mortgage commitments) (PP for (NP (NP delivery) (PP-TMP within (NP 30 days)))) (PRN -LRB- (VP priced (NP *) (PP-CLR at (NP par))) -RRB-))))) (TOP (NP (NP (NP 9.86 %) , (NP standard conventional fixed-rate mortgages)) ; (NP (NP 8.85 %) , (NP 6/2 (ADJP rate capped) one-year adjustable rate mortgages)) .)) (TOP (NP (NP Source) : (NP Telerate Systems Inc) .)) (TOP (NP-HLN MERRILL LYNCH READY ASSETS TRUST :)) (TOP (NP 8.33 % .)) (TOP (NP (NP (NP Annualized average rate) (PP of (NP return)) (PP-TMP after (NP expenses)) (PP for (NP the past 30 days))) ; not (NP (NP a forecast) (PP of (NP future returns))) .)) (TOP (S (NP-SBJ (NP Pension funds) , (NP insurers) and (NP (NP other behemoths) (PP of (NP the investing world)))) (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP began (S (NP-SBJ *-1) (VP scooping (PRT up) (NP stocks) (PP-TMP during (NP (NP Friday 's) market rout)))))))) .)) (TOP (S And (NP-SBJ-1 they) (VP plan (S (NP-SBJ *-1) (VP to (VP buy (NP more) (NP-TMP today))))) .)) (TOP (S (ADVP Rightly or wrongly) , (NP-SBJ-2 many giant institutional investors) (VP appear (S (NP-SBJ-3 *-2) (VP to (VP be (VP fighting (NP the latest war) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP applying (NP (NP (NP the lesson) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP learned (NP *T*-1) (PP-TMP in (NP the October 1987 crash)))))) : (S (S-NOM-SBJ (NP-SBJ *) (VP Buying (PP-LOC at (NP the bottom)))) (VP pays (PRT off)))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP To (VP be (ADJP-PRD sure)))) , (NP-SBJ big investors) (VP might (VP put (PRT away) (NP their checkbooks) (PP-MNR in (NP a hurry)) (SBAR-ADV if (S (NP-SBJ stocks) (VP open (ADVP-CLR sharply lower) (NP-TMP today)))))) .)) (TOP (S (NP-SBJ They) (VP could (ADVP still) (VP (VP panic) and (VP bail (PRT out) (PP-CLR of (NP the market))))) .)) (TOP (S But (NP-SBJ their 1987 performance) (VP indicates (SBAR that (S (NP-SBJ they) (VP wo n't (VP abandon (NP stocks) (SBAR-ADV unless (S (NP-SBJ conditions) (VP get (ADJP-PRD far worse))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-TMP Last time) , (NP-SBJ-3 we) (VP got (VP rewarded (NP-4 *-3) (PP-PRP for (S-NOM (NP-SBJ *-4) (VP (VP going (ADVP-DIR out)) and (VP buying (NP stocks)) (SBAR-TMP (WHADVP-5 when) (S (NP-SBJ the panic) (VP was (NP-PRD the worst) (ADVP-TMP *T*-5)))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP John W. Rogers) , (NP (NP president) (PP of (NP (NP Chicago-based Ariel Capital Management Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP manages (NP (NP (QP $ 1.1 billion) *U*) (PP of (NP stocks)))))))))) .)) (TOP (S (NP-SBJ Mr. Rogers) (VP spent (NP (NP half his cash) (PP-LOC on (NP hand))) (NP-TMP Friday) (PP-CLR for `` (NP (NP our favorite stocks) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP fallen (ADVP-CLR apart)))))))) . '')) (TOP (S (NP-SBJ-2 He) (VP expects (S (NP-SBJ *-2) (VP to (VP invest (NP the rest) (SBAR-ADV if (S (NP-SBJ the market) (VP weakens (ADVP further)))))))) .)) (TOP (S (NP-SBJ-2 Denver-based portfolio manager James Craig) (VP was n't (VP daunted (NP *-2) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ (NP Friday 's) rout) (VP shaved (NP (QP $ 40 million) *U*) (PP-CLR from (NP (NP the value) (PP of (NP (NP the (ADJP (QP $ 752 million) *U*) Janus Fund) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP oversees (NP *T*-1)))))))) (ADVP-TMP *T*-3)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ-2 I) (VP waited (S (NP-SBJ *-2) (VP to (VP make (ADJP-CLR sure (SBAR 0 (S (NP-SBJ all the program trades) (VP had (VP kicked (PRT through))))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S Then (NP-SBJ he) (VP jumped (PP-DIR into (NP the market))) :)) (TOP (S `` (NP-SBJ I) (VP spent (NP (QP $ 30 million) *U*) (PP-TMP in (NP the last half-hour))) . '')) (TOP (S (NP-SBJ Other money managers) (ADVP also) (VP opened (NP their wallets)) .)) (TOP (SINV `` (S-TPC-1 (S (NP-SBJ I) (VP was (VP buying (PP-TMP at (NP the close)) (PRN -LRB- (NP-TMP Friday) -RRB-)))) and (S (NP-SBJ I) (VP 'll (VP be (VP buying (ADVP-TMP again) (SBAR-PRP because (S (NP-SBJ I) (VP know (SBAR 0 (S (NP-SBJ we) (VP 're (VP getting (NP good value))))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Frederick A. Moran) , (NP (NP president) (PP of (NP (NP Moran Asset Management Inc.) , (NP-LOC (NP Greenwich) , (NP Conn)))))) .)) (TOP (S `` (NP-SBJ There) (VP is (NP-PRD (NP no justification) (PP *ICH*-1)) (PP-LOC on (NP the fundamental level)) (PP-1 for (NP this crash))) . '')) (TOP (S (PP Unlike (NP (NP mutual funds) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP can (VP be (VP forced (S (NP-SBJ *-2) (VP to (VP sell (NP stockholdings) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-4 investors) (VP rush (S (NP-SBJ *-4) (VP to (VP withdraw (NP money)))) (ADVP-TMP *T*-3)))))))))))))) , (NP-SBJ-5 (NP big investors) (PP such as (NP (NP pension funds) and (NP insurance companies)))) (VP can (VP decide (S (NP-SBJ-6 *-5) (VP to (VP ride (PRT out) (NP market storms) (PP without (S-NOM (NP-SBJ *-6) (VP jettisoning (NP stock))))))))) .)) (TOP (S (ADVP-TMP Most often) , (NP-SBJ they) (VP do (NP just that) , (SBAR-PRP because (S (NP-SBJ-1 stocks) (VP have (VP proved (S (NP-SBJ-2 *-1) (VP to (VP be (NP-PRD the best-performing long-term investment) , (S-ADV (NP-SBJ *-2) (VP attracting (NP (QP about $ 1 trillion) *U*) (PP-CLR from (NP (NP pension funds) (ADJP alone))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (SBAR-ADV If (S (NP-SBJ you) (VP bought (PP-TMP after (NP the crash))))) , (NP-SBJ you) (VP did (ADVP-MNR very very well) (PP off (NP the bottom)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Stephen B. Timbers) , (NP (NP chief investment officer) (PP of (NP Chicago-based Kemper Financial Services Inc)))) .)) (TOP (S (NP-SBJ The (ADJP (QP $ 56 billion) *U*) California Public Employees Retirement System) , (PP for (NP one)) , (VP added (NP (QP $ 1 billion) *U*) (PP-CLR to (NP its stock portfolio)) (ADVP-TMP (NP two years) ago)) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The last crash) (VP taught (NP institutional investors) (SBAR (SBAR that (S (NP-SBJ-2 they) (VP have (S (NP-SBJ *-2) (VP to (VP be (NP-PRD long-term holders))))))) , and (SBAR that (S (NP-SBJ they) (VP ca n't (VP react (PP-CLR to (NP (NP short-term events) , (ADJP good or bad)))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Stephen L. Nesbitt) , (NP (NP senior vice president) (PP for (NP (NP the pension consultants) (NP (NP Wilshire Associates) (PP-LOC in (NP (NP Santa Monica) , (NP Calif)))))))) .)) (TOP (S-2 `` (S (NP-SBJ (NP Those) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP pulled (ADVP-DIR out (PRN -LRB- (PP of (NP stocks)) -RRB-)))))) (VP regretted (NP it))) (PRN , '' (S (NP-SBJ he) (VP said (S *T*-2))) ,) `` so (S (NP-SBJ I) (VP doubt (SBAR 0 (S (NP-SBJ you) (VP 'll (VP see (NP any significant changes) '' (PP-LOC in (NP institutional portfolios)) (PP-PRP as (NP (NP a result) (PP of (NP (NP Friday 's) decline)))))))))) .)) (TOP (S (NP-SBJ-1 Stocks) , (SBAR-ADV as (S (NP-SBJ-2 *-1) (VP measured (NP *-2) (PP by (NP-LGS (NP the Standard & Poor 's) 500-stock index))))) , (VP have (VP been (NP-PRD stellar performers) (NP-TMP this year) , (S-ADV (NP-SBJ *-1) (VP rising (NP-EXT 27.97 %) (PP-TMP before (NP (NP Friday 's) plunge)) , (PP excluding (NP dividends)))))) .)) (TOP (S (NP-SBJ Even (NP Friday 's) slump) (VP leaves (S (NP-SBJ investors) (ADJP-PRD ahead (NP (NP (QP more than 20) %) , (PP-LOC (ADVP well) above (NP (NP the annual average) (PP for (NP stocks)) (PP-TMP over (NP several decades)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ You) (VP could (VP (VP go (ADVP-DIR down) (NP-EXT 400 points)) and (VP (ADVP still) have (NP (NP a good year) (PP-LOC in (NP the market))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP James D. Awad) , (NP (NP president) (PP of (NP (ADJP New York-based) BMI Capital Corp)))) .)) (TOP (S (NP-SBJ Mr. Awad) , (ADVP however) , (VP worries (SBAR that (S (NP-SBJ the market) `` (VP could (VP go (ADVP-DIR down) (NP-EXT (QP 800 or 900) points) (PP-TMP in (NP the next few days))))))) .)) (TOP (S (NP-SBJ It) (VP can (VP happen (SBAR-TMP before (S (NP-SBJ you) (VP can (VP turn (ADVP-CLR around))))))) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP discerns (NP (NP many parallels) (PP with (NP 1987)) , (PP including (NP (NP (NP the emphasis) (PP-LOC on (NP takeover stocks))) and (NP (NP the re-emergence) (PP of (NP computerized program trading)))))))))) .)) (TOP (S-2 `` (NP-SBJ (NP The only thing) (SBAR (WHNP-1 0) (S (NP-SBJ you) (VP do n't (VP have (NP *T*-1)))))) (PRN , '' (S (NP-SBJ he) (VP said (S *T*-2))) ,) `` (VP is (NP-PRD (NP the ` portfolio insurance ' phenomenon) (VP overlaid (NP *) (PP-LOC-CLR on (NP the rest))))) . '')) (TOP (S (NP-SBJ Most institutional investors) (VP have (VP abandoned (NP (NP the portfolio insurance hedging technique) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (VP (ADVP widely) thought (S (NP-SBJ *-2) (VP to (VP have (VP worsened (NP the 1987 crash)))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) Not (ADVP really) (NP-PRD insurance)) , (NP-SBJ-1 this tactic) (VP was (VP designed (S (NP-SBJ-2 *-1) (VP to (VP (VP soften (NP (NP the blow) (PP of (NP declining stock prices)))) and (VP generate (NP an offsetting profit) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP selling (NP (NP waves) (PP of (NP S&P futures contracts)))))))))))) .)) (TOP (S (PP-LOC In (NP its severest test)) , (NP-SBJ (NP the (QP $ 60 billion) *U*) (PP of (NP portfolio insurance)) (PP in (NP effect)) (PP-TMP in (NP the 1987 crash))) (VP did n't (VP work , (SBAR-ADV as (S (S (NP-SBJ stock buyers) (VP disappeared)) and (S (NP-SBJ stock and futures prices) (VP became (ADJP-PRD disconnected))))))) .)) (TOP (S (S-TPC-1 (PP (ADVP Even) without (NP portfolio insurance)) , (NP-SBJ market conditions) (VP were (ADJP-PRD grim) (NP-TMP Friday))) , (NP-SBJ money managers) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Neil Weisman) , (SBAR (WHNP-4 whose (ADJP New York-based) Chilmark Capital Partners) (S (NP-SBJ *T*-4) (VP had (VP converted (NP (NP 85 %) (PP of (NP its (ADJP (QP $ 220 million) *U*) investment pool))) (PP-CLR to (NP cash)) (PP-TMP in (NP recent months)))))) ,) (VP said (SBAR 0 (S (NP-SBJ-3 he) (VP was (VP besieged (NP *-3) (PP by (NP-LGS (NP Wall Street firms) (VP *ICH*-1))) (NP-TMP Friday) (VP-1 asking (NP-2 him) (S (NP-SBJ *-2) (VP to (VP take (NP stock) (PP-CLR off (NP their hands))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP got (NP (NP calls) (PP from (NP big block houses)) (VP asking (NP us) (SBAR if (S (NP-SBJ-2 we) (VP want (S (NP-SBJ *-2) (VP to (VP make (NP bids) (PP-CLR on (NP anything)))))))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Mr. Weisman) , (SBAR (WHNP-3 who) , (S (S-ADV (NP-SBJ *-4) (ADJP-PRD happy (PP with (NP (NP his returns) (PP on (NP investments)) (VP chalked (NP *) (PRT up) (ADVP-TMP earlier)))))) , (NP-SBJ-4 *T*-3) (VP declined (NP the offers))))) .)) (TOP (S (NP-SBJ Mr. Weisman) (VP predicts (SBAR 0 (S (NP-SBJ-1 stocks) (VP will (VP appear (S (NP-SBJ *-1) (VP to (VP stabilize (PP-TMP in (NP the next few days))))) (PP-TMP before (S-NOM (NP-SBJ-2 *-1) (VP declining (ADVP-TMP again) , (S-ADV (NP-SBJ *-2) (VP trapping (NP more investors))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ it) (VP will (VP be (NP-PRD a rigor mortis rally))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ Friday) (VP brought (NP (NP a reprieve) (PP for (NP (NP money managers) (SBAR (WHNP-1 whose investment styles) (S (NP-SBJ *T*-1) (VP had (VP put (NP them) (PP-PUT at (NP (NP odds) (PP with (NP the market rally)))))))))))) .)) (TOP (SINV (ADJP-PRD-TPC-3 Especially gleeful) (VP were (ADJP-PRD *T*-3)) (NP-SBJ (NP the short sellers) , (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP have (VP been (VP pounded (NP *-1) (PP by (NP-LGS (NP this year 's) market climb)))))))) .)) (TOP (S (NP-SBJ-1 The shorts) (VP sell (NP borrowed shares) , (S-ADV (NP-SBJ-2 *-1) (VP hoping (S (NP-SBJ-3 *-2) (VP to (VP profit (PP-MNR by (S-NOM (NP-SBJ *-3) (VP replacing (NP them) (ADVP-TMP later) (PP at (NP a lower price))))))))))) .)) (TOP (S (NP-SBJ (NP The nation 's) largest short-selling operation) (VP is (NP-PRD (NP Feshbach Brothers) , (NP-LOC (NP Palo Alto) , (NP Calif.)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP said (NP-TMP last May) (SBAR that (S (NP-SBJ its short positions) (VP had (VP shown (NP (NP losses) (PP of (NP 10 %)) (PP for (NP the year))) (ADVP-TMP up (PP to (NP that point)))))))))))) .)) (TOP (S (NP-SBJ All that) (ADVP-TMP now) (VP has (VP changed)) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 're (ADJP-PRD ahead (PP for (NP the year))) (PP-PRP because of (NP Friday)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP the firm 's) Kurt Feshbach) .)) (TOP (S `` (S (NP-SBJ We) (VP 're not (VP making (NP a killing)))) , but (S (NP-SBJ we) (VP had (NP a good day))) .)) (TOP (S (NP-SBJ Food and Drug Administration spokesman Jeff Nesbit) (VP said (SBAR 0 (S (NP-SBJ the agency) (VP has (VP turned (PRT over) (NP evidence) (PP-LOC in (NP (NP a criminal investigation) (VP concerning (NP Vitarine Pharmaceuticals Inc.)))) (PP-CLR to (NP (NP (NP the U.S. Attorney 's) office) (PP-LOC in (NP Baltimore))))))))) .)) (TOP (S (NP-SBJ-1 Neither (NP Vitarine) nor (NP (NP any) (PP of (NP (NP the (NAC-LOC Springfield Gardens , N.Y. ,) company 's) officials or employees)))) (VP have (VP been (VP charged (NP *-1) (PP-CLR with (NP any crimes))))) .)) (TOP (S (NP-SBJ Vitarine) (VP (VP won (NP approval (S (NP-SBJ *) (VP to (VP market (NP (NP a version) (PP of (NP a blood pressure medicine)))))))) but (VP acknowledged (SBAR that (S (NP-SBJ it) (VP substituted (NP (NP a SmithKline Beecham PLC product)) (PP-CLR as (NP its own)) (PP-LOC in (NP tests))))))) .)) (TOP (S (NP-SBJ Mr. Nesbit) (ADVP also) (VP said (SBAR 0 (S (NP-SBJ the FDA) (VP has (VP asked (NP-1 Bolar Pharmaceutical Co.) (S (NP-SBJ *-1) (VP to (VP recall (PP-LOC at (NP the retail level)) (NP its urinary tract antibiotic))))))))) .)) (TOP (S (S-TPC-1 But (ADVP-TMP so far) (NP-SBJ the company) (VP has n't (VP complied (PP-CLR with (NP that request))))) , (NP-SBJ the spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Bolar) , (NP (NP the subject) (PP of (NP (NP a criminal investigation) (PP by (NP (NP the FDA) and (NP (NP (NP the Inspector General 's) office) (PP of (NP the Health and Human Services Department)))))))) ,) (VP (ADVP only) agreed (S (NP-SBJ *-1) (VP to (VP recall (NP (NP two strengths) (PP of (NP (NP its version) (PP of (NP Macrodantin))))) `` (ADVP (ADVP as far down) (PP as (NP (NP direct customers) , mostly (NP wholesalers))))))))) , '' (NP-SBJ Mr. Nesbit) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP Bolar) , (PP of (NP (NP Copiague) , (NP N.Y.) ,))) (ADVP-TMP earlier) (VP began (NP (NP a voluntary recall) (PP of (NP (NP both its (ADJP (ADJP 100 milligram) and (ADJP 50 milligram)) versions) (PP of (NP the drug)))))) .)) (TOP (S (NP-SBJ The FDA) (VP has (VP said (SBAR 0 (S (NP-SBJ it) (VP presented (NP (NP evidence) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP uncovered (NP *T*-1)))) (VP *ICH*-2)) (PP to (NP the company)) (VP-2 indicating (SBAR that (S (NP-SBJ-3 Bolar) (VP substituted (NP the brand-name product) (PP-CLR for (NP its own)) (S-PRP (NP-SBJ *-3) (VP to (VP gain (NP government approval (S (NP-SBJ *) (VP to (VP sell (NP (NP generic versions) (PP of (NP Macrodantin))))))))))))))))))) .)) (TOP (S (NP-SBJ Bolar) (VP has (VP denied (SBAR that (S (NP-SBJ it) (VP switched (NP the brand-name product) (PP-CLR for (NP its own)) (PP-LOC in (NP such testing))))))) .)) (TOP (S (NP-SBJ-2 (NP The (ADJP West German) retailer) (NP ASKO Deutsche Kaufhaus AG)) (VP plans (S (NP-SBJ *-2) (VP to (VP challenge (NP (NP the legality) (PP of (NP (NP a (ADJP widely employed) anti-takeover defense) (PP of (NP (NP companies) (PP-LOC in (NP the Netherlands))))))))))) .)) (TOP (S (NP-SBJ The eventual court decision) (VP could (VP become (NP-PRD (NP a landmark) (PP-LOC in (NP Dutch corporate law))) (SBAR-PRP because (S (NP-SBJ (NP the lawsuit) (SBAR (WHNP-2 0) (S (NP-SBJ-1 ASKO) (VP plans (S (NP-SBJ *-1) (VP to (VP file (NP *T*-2)))))))) (VP would (VP be (NP-PRD (NP the first) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP challenge (NP (NP the entire principle and practice) (PP of (S-NOM (NP-SBJ-4 companies) (VP issuing (NP voting preferred shares) (PP-CLR to (NP management-controlled trusts)) (S-PRP (NP-SBJ *-4) (VP to (VP dilute (NP (NP voting power) (PP of (NP common stockholders))))))))))))))))))))) .)) (TOP (S (S-TPC-2 (ADVP-TMP Up (PP to (NP now))) (NP-SBJ-1 (NP only specific aspects) (PP of (NP these defenses))) (VP have (VP been (VP challenged (NP *-1) , (SBAR-ADV though (FRAG (ADVP-MNR unsuccessfully))))))) , (NP-SBJ (NP ASKO 's) Dutch lawyers) (VP noted (SBAR 0 (S *T*-2))) .)) (TOP (S (SBAR-ADV (SINV Should (NP-SBJ the courts) (VP uphold (NP (NP the validity) (PP of (NP (NP this type) (PP of (NP defense)))))))) , (NP-SBJ ASKO) (VP will (ADVP-TMP then) (VP ask (NP-1 the court) (S (NP-SBJ *-1) (VP to (VP overturn (NP (NP such a vote-diluting maneuver) (VP (ADVP-TMP recently) deployed (NP *) (PP by (NP-LGS Koninklijke Ahold NV))))))))) .)) (TOP (S (NP-SBJ ASKO) (VP says (SBAR 0 (S (NP-SBJ the Dutch-based international food retailer) (VP had n't (NP (NP reasonable grounds) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP (VP issue (NP preferred stock) (PP-CLR to (NP a friendly trust)) (ADVP *T*-1)) and (ADVP thus) (VP dilute (NP (NP the (NX (NX worth) and (NX voting power))) (PP of (NP (NP ASKO) and (NP other shareholders)))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Speaking (PP through (NP its Dutch lawyers)))) , (NP-SBJ-1 ASKO) (ADVP also) (VP disclosed (SBAR 0 (S (NP-SBJ it) (VP holds (NP (NP a (ADJP 15 %) stake) (PP-LOC in (NP Ahold))))))) .)) (TOP (S (NP-SBJ-2 (NP It) (SBAR *EXP*-4)) (VP was (ADVP-TMP previously) (VP thought (NP *-2) (SBAR-4 0 (S (NP-SBJ ASKO) (VP held (NP (NP a (ADJP 13.6 %) stake) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP was (VP accumulated (NP *-1) (PP-TMP since (NP July)))))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP Ahold))) (VP said (SBAR 0 (S (NP-SBJ his company) (VP is (ADJP-PRD confident (PP of (NP (NP its own position) and (NP (NP the propriety) (PP of (NP the preferred-share issue)))))))))) .)) (TOP (S (NP-SBJ He) (VP termed (NP (NP ASKO 's) legal actions) (PP-CLR as (ADJP `` unproductive '' (PP to (NP (NP international cooperation) (PP-LOC among (NP European retailers))))))) .)) (TOP (S (S (NP-SBJ Chase Manhattan Bank Chairman Willard Butcher) (VP is (NP-PRD (NP a conservative banker) and (NP a loyal Republican)))) , but (S (PP-TMP on (NP Friday morning)) (NP-SBJ he) (VP had (NP few kind words) (PP for (NP (NP President Bush 's) economic policy-making)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP are (NP-PRD (NP some (ADJP very significant) issues) (ADVP-LOC out there) , (PP such as (NP (NP the fiscal deficit) , (NP the trade deficit) , (NP (NP our relations) (PP with (NP Japan))))) , (SBAR (WHNP-3 that) (S (NP-SBJ-2 *T*-3) (VP have (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP the subject) (PP of (NP major initiatives)))))))))))) , '' (NP-SBJ he) (VP said (S *T*-1) (PP-LOC in (NP an interview))) .)) (TOP (S `` (S (NP-SBJ-1 I) (VP 'd (VP like (S (NP-SBJ *-1) (VP to (VP see (NP that initiative))))))) , and (S (NP-SBJ I) (VP have n't (VP *?*))) .)) (TOP (S (NP-SBJ There) (VP is n't (NP-PRD (NP a big shot) , (NP an agenda))) . '')) (TOP (S (ADVP-TMP (NP A few hours) later) , (NP-SBJ the stock market) (VP dropped (NP-EXT 190 points)) .)) (TOP (S (NP-SBJ-1 Politicians) (VP tried (S (NP-SBJ *-1) (VP to (VP finger (NP (NP each) (ADJP other)) (PP-CLR for (NP the blame)) , (SBAR-ADV although (S (NP-SBJ many analysts) (VP doubt (SBAR that (S (NP-SBJ Washington) (VP was (ADJP-PRD singly responsible (PP for (NP (NP Wall Street 's) woes))))))))))))) .)) (TOP (S But (NP-SBJ (NP Mr. Butcher 's) comments) (VP make (S (NP-SBJ (NP one thing) (S *ICH*-1)) (ADJP-PRD clear) : (S-1 (NP-SBJ (NP Some) (PP-LOC on (NP Wall Street))) (VP wonder (SBAR if (S (NP-SBJ anyone) (VP is (PP-PRD in (NP (NP charge) (PP of (NP economic policy))))))))))) .)) (TOP (S (NP-SBJ *) (VP Consider (NP this)) :)) (TOP (S -- (PP-TMP By (NP 11:59 p.m. tonight)) , (NP-SBJ-1 President Bush) (VP must (VP order (NP (NP (QP $ 16 billion) *U*) (PP of (NP (NP automatic , across-the-board cuts) (PP-LOC in (NP government spending))))) (S-PRP (NP-SBJ *-1) (VP to (VP comply (PP-CLR with (NP the Gramm-Rudman budget law))))))) .)) (TOP (S (NP-SBJ The cuts) (VP are (ADJP-PRD necessary) (SBAR-PRP because (S (NP-SBJ-1 (NP Congress) and (NP the administration)) (VP have (VP failed (S (NP-SBJ *-1) (VP to (VP reach (NP (NP agreement) (PP on (NP a deficit-cutting bill))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (ADVP simply) (VP do n't (VP have (NP (NP strong leadership) (SBAR (WHNP-2 0) (S (NP-SBJ-3 *T*-2) (VP to (VP try (S (NP-SBJ *-3) (VP to (VP (VP reduce (NP the deficit)) and (VP make (NP tough choices))))))))))))) , '' (NP-SBJ (NP House Budget Committee Chairman Leon Panetta) (PRN -LRB- (NP D.) , (NP-LOC Calif .) -RRB-)) (VP said (S *T*-1) (NP-TMP yesterday) (PP-LOC on (NP (NP NBC News 's) `` (S-TTL (NP-SBJ *) (VP Meet (NP the Press)))))) . '')) (TOP (S -- (PP-TMP For (NP the last two weeks)) , (NP-SBJ-1 (NP the Bush administration) and (NP the Federal Reserve)) (VP have (VP been (VP engaged (NP *-1) (PP-LOC-CLR in (NP (NP a semi-public battle) (PP over (NP international economic policy))))))) .)) (TOP (S (S (NP-SBJ-1 The administration) (VP has (VP been (VP trying (S (NP-SBJ *-1) (VP to (VP push (NP the dollar) (ADVP-DIR lower)))))))) ; (S (NP-SBJ the Fed) (VP has (VP been (VP resisting)))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP One) (PP of (NP (NP the things) (SBAR (WHNP-1 that) (S (NP-SBJ-3 *T*-1) (VP continues (S (NP-SBJ *-3) (VP to (VP worry (NP me)))))))))) (VP is (NP-PRD (NP this monetary warfare) (PP between (NP (NP the Treasury Department) and (NP the Federal Reserve Board)))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Lawrence Kudlow) , (NP a Bear , Stearns & Co. economist)) , (PP-LOC on (NP (NP ABC 's) `` (NX-TTL This Week))) . '')) (TOP (S -- (NP-SBJ The administration) (VP has (VP sent (ADVP-DIR out) (NP (NP confusing signals) (PP about (NP (NP its response) (PP to (NP (NP a recent spate) (PP of (NP airline takeovers))))))))) .)) (TOP (S (NP-TMP Last month) , (NP-SBJ Transportation Secretary Sam Skinner) (VP forced (S (NP-SBJ Northwest Airlines) (VP to (VP reduce (NP (NP a stake) (VP held (NP *) (PP by (NP-LGS KLM Royal Dutch Airlines)))))))) .)) (TOP (S But (NP-SBJ he) (VP has (ADVP-TMP since) (VP run (PP-DIR into (NP (NP opposition) (PP from (NP (NP the Treasury) and (NP the White House))) (PP over (NP that decision)))))) .)) (TOP (S And (NP-SBJ he) (VP has (VP kept (ADJP-PRD mum (PP on (SBAR-NOM (WHADVP-2 how) (S (NP-SBJ his decision) (VP might (VP affect (NP (NP a bid) (PP for (NP United Airlines)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP includes (NP (NP a big stake) (PP by (NP British Airways PLC))))))) (ADVP-MNR *T*-2))))))))) .)) (TOP (S (NP-SBJ Some analysts) (VP say (SBAR 0 (S (NP-SBJ (NP uncertainty) (PP about (NP (NP Washington 's) anti-takeover policy))) (VP was (NP-PRD (NP (NP one reason) (SBAR (WHADVP-2 that) (S (NP-SBJ (NP financing) (PP for (NP the United Airlines takeover))) (VP fell (PRT through) (ADVP-PRP *T*-2))))) -- (NP (NP the event) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP triggered (NP the market drop)))))))))) .)) (TOP (S (PP In (NP many ways)) , (NP-SBJ (NP the backdrop) (PP to (NP (NP Friday 's) stock decline))) (VP is (ADJP-PRD eerily similar (PP to (NP (NP that) (PP of (NP (NP October 1987 's) 508-point crash)))))) .)) (TOP (S (ADVP-TMP Then) , (PP as (ADVP now)) , (S (NP-SBJ the budget debate) (VP was (PP-LOC-PRD behind (NP schedule)))) and (S (NP-SBJ-1 automatic spending cuts) (VP were (PP-LOC-PRD within (NP (NP days) (PP of (S-NOM (NP-SBJ *-1) (VP taking (NP hold)))))))) .)) (TOP (S (NP-SBJ-1 The Treasury) (VP was (VP locked (NP *-1) (PP-LOC-CLR in (NP (NP a battle) (PP over (NP international economic policy)))) , (SBAR-ADV although (S (PP-TMP at (NP that time)) (NP-SBJ it) (VP was (PP-PRD with (NP (NP West German officials) (PP rather than (NP the Federal Reserve))))))))) .)) (TOP (S And (NP-SBJ (NP concern) (PP about (NP (NP official actions) (VP aimed (NP *) (PP-CLR at (NP takeovers)) (PRN -- (ADVP-TMP then) (PP by (NP-LGS (NP the tax-writing House Ways and Means Committee) (PP rather than (NP the Transportation Department)))) --))))) (VP were (VP making (S (NP-SBJ markets) (ADJP-PRD nervous)))) .)) (TOP (S (NP-SBJ The 1987 crash) (VP brought (NP (NP the Reagan administration) and (NP Democratic lawmakers)) (PP-DIR to (NP the table)) (PP-PRP for (NP the first budget summit)) , (S-ADV (NP-SBJ *) (VP resulting (PP-CLR in (NP a two-year plan (S (NP-SBJ *) (VP to (VP reduce (NP the deficit) (PP-EXT by (NP (QP more than $ 76 billion) *U*))))))) -- (SBAR-ADV even though (S (NP-SBJ the deficit) (ADVP actually) (VP rose (PP-EXT by (NP (QP nearly $ 12 billion) *U*)) (PP-TMP during (NP that period)))))))) .)) (TOP (S But , (PP barring (NP (NP further drops) (PP-LOC in (NP the market)) (NP-TMP this week))) , (NP-SBJ a similar outcome) (VP does n't (VP seem (ADJP-PRD likely) (NP-TMP this year))) .)) (TOP (S (NP-SBJ (NP Lawmakers) and (NP administration officials)) (VP agree (SBAR that (S (NP-SBJ (NP Friday 's) drop) , (PP by (NP itself)) , (VP is n't (ADJP-PRD enough (S (NP-SBJ *) (VP to (VP force (NP-2 both sides) (ADVP-DIR back (PP to (NP the table))) (S-PRP (NP-SBJ-3 *-2) (VP to (VP try (S (NP-SBJ *-3) (VP to (VP reach (NP (NP a deficit-reduction agreement) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP be (ADJP-PRD (ADJP (ADJP more serious) and (ADJP more far-reaching)) (PP than (NP (NP (NP last spring 's) gimmick-ridden plan) , (SBAR (WHNP-4 which) (S (NP-SBJ-5 *T*-4) (ADVP-TMP still) (VP is n't (VP (ADVP fully) implemented (NP *-5))))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP (NP the biggest reasons) (SBAR (WHADVP-2 that) (S (NP-SBJ-1 new talks) (VP are n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP come (PRT about))))) (ADVP-PRP *T*-2))))))) (VP is (SBAR-PRD that , (S (SBAR-ADV as (S (NP-SBJ everyone) (VP learned (PP-TMP in (NP 1987))))) , (NP-SBJ (NP the economy) and (NP the market)) (VP can (VP survive (NP a one-day 508-point tumble)))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Everybody) (VP thought (SBAR (SBAR 0 (S (NP-SBJ we) (VP were (VP looking (PP-CLR at (NP (NP a repetition) (PP of (NP 1929)))))))) , (SBAR that (S (NP-SBJ we) (VP were (VP looking (PP-CLR at (NP a recession))))))))) , '' (NP-SBJ Rep. Panetta) (VP said (S *T*-1) (NP-TMP yesterday) (PP-LOC in (NP an interview))) .)) (TOP (S `` (NP-SBJ That) (VP did not (VP happen)) .)) (TOP (S (NP-SBJ They) (VP learned (SBAR 0 (S (NP-SBJ they) (VP could (VP survive (NP it) (PP without (NP much problem))))))) . '')) (TOP (S But (NP-SBJ administration officials) (ADVP privately) (VP agree (PP-CLR with (NP (NP Mr. Panetta) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP said (SBAR 0 (S (NP-SBJ-2 (NP a precipitous drop) (NP-TMP this week)) `` (VP is (VP going (S (NP-SBJ *-2) (VP to (VP force (S (NP-SBJ (NP the president) and (NP Congress)) (VP to (VP take (NP (NP a (ADJP much harder) look) (PP at (NP fiscal policy))))))))))))))))))) . '')) (TOP (S (PP-LOC In (NP that case)) , (NP-SBJ there) (VP will (VP be (NP-PRD (NP (NP plenty) (PP of (NP blame))) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP go (PRT around)))))))) .)) (TOP (SINV `` (S-TPC-6 (NP-SBJ There) (VP is (NP-PRD (NP an underlying concern (SBAR *ICH*-5)) (PP on (NP (NP the part) (PP of (NP the American people)))) (PRN -- and (S (NP-SBJ there) (VP should (VP be (NP-PRD *?*)))) -) (SBAR-5 (SBAR that (S (NP-SBJ-1 the administration) (VP has not (VP gone (ADVP-CLR far enough) (PP in (S-NOM (NP-SBJ *-1) (VP cutting (NP this deficit)))))))) and (SBAR that (S (NP-SBJ-2 Congress) (VP has (VP been (ADJP-PRD unwilling (S (NP-SBJ *-2) (VP to (VP cut (SBAR-NOM (WHNP-3 what) (S (NP-SBJ the administration) (VP asked (NP-4 us) (S (NP-SBJ *-4) (VP to (VP cut (NP *T*-3))))))))))))))))))) , '' (VP said (S *T*-6)) (NP-SBJ (NP Senate Finance Committee Chairman Lloyd Bentsen) (PRN -LRB- (NP D.) , (NP-LOC Texas) -RRB-)) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ it) (ADVP clearly) (VP will (VP take (NP (NP more) (PP than (NP (NP Friday 's) 190-point decline))) (S-CLR (NP-SBJ *) (VP to (VP overcome (NP (NP the bitter feelings) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP developed (PP between (NP (NP lawmakers) and (NP White House Budget Director Richard Darman))) (PP over (NP the capital-gains fight)))))))))))) .)) (TOP (S (NP-SBJ Hill Democrats) (VP are (ADJP-PRD particularly angry) (PP over (NP (NP (NP Mr. Bush 's) claim (SBAR that (S (NP-SBJ the capital-gains cut) (VP was (NP-PRD (NP part) (PP of (NP (NP April 's) budget accord))))))) and (NP (NP his insistence) (PP on (S-NOM (NP-SBJ *) (VP combining (NP it) (PP-CLR with (NP the deficit-reduction legislation))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ There) (VP is (NP-PRD (NP no prospect) (PP of (NP (NP any so-called (NX (NX grand compromise) or (NX deal))) (NP-TMP next year)))) (SBAR-PRP because (S (NP-SBJ the administration) (ADVP simply) (VP did n't (VP live (PRT up) (PP to (NP (NP this year 's) deal)))))))) , '' (NP-SBJ (NP Senate Majority Leader George Mitchell) (PRN -LRB- (NP D.) , (NP-LOC Maine) -RRB-)) (VP said (S *T*-1) (NP-TMP yesterday) (PP-LOC on (NP (NP CBS News 's) `` (S-TTL (NP-SBJ *) (VP Face (NP the Nation)))))) . '')) (TOP (S (PP-TMP During (NP (NP (NP last week 's) maneuverings) (PP on (NP (NP the deficit-cutting bill) and (NP the capital-gains issue))))) , (NP-SBJ there) (VP were (NP-PRD signs (SBAR that (S (NP-SBJ (NP Senate Republicans) and (NP the administration)) (VP were (PP-PRD at (NP odds))))))) .)) (TOP (S (PP-TMP At (NP (NP the very moment) (SBAR (WHADVP-2 that) (S (NP-SBJ Senate Republicans) (VP were (VP negotiating (NP (NP a deal) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP exclude (NP capital gains) (PP-CLR from (NP the deficit-reduction legislation))))))) (ADVP-TMP *T*-2))))))) , (NP-SBJ White House spokesman Marlin Fitzwater) (VP told (NP reporters) (SBAR that (S (NP-SBJ (NP it) (S *EXP*-3)) (VP was (NP-PRD (NP the president 's) policy) (S-3 (NP-SBJ *) (VP to (VP include (NP it)))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-3 an agreement (S *ICH*-1)) (VP was (VP reached (NP *-3) (S-1 (NP-SBJ *) (VP to (VP strip (NP capital gains) (PP-CLR from (NP the legislation))))) (ADVP-TMP *T*-2))))) , (NP-SBJ (NP Oregon Sen. Bob Packwood) , (NP (NP the ranking GOP member) (PP of (NP the tax-writing Senate Finance Committee))) ,) (VP hailed (NP it)) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Asked (NP *-1) (SBAR if (S (NP-SBJ the administration) (VP agreed))))) , (NP-SBJ-2 he) (VP (ADVP-MNR curtly) replied : (SBAR 0 `` (S (NP-SBJ-3 The adminstration) (VP will (VP have (S (NP-SBJ *-3) (VP to (VP speak (PP for (NP itself)))))))))) . '')) (TOP (S (NP-SBJ (NP Friday 's) market tumble) (VP could (VP spur (NP (NP action) (PP on (NP (S-NOM (NP-SBJ *) (VP reconciling (NP (NP the House and Senate versions) (PP of (NP the deficit-reduction measure))))) , (NP (NP a process) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP is n't (VP expected (S (NP-SBJ *-2) (VP to (VP begin (PP-TMP until (NP (NP tomorrow) (PP at (NP the soonest))))))))))))))))) .)) (TOP (S (NP-SBJ Senate Republicans) (VP expressed (NP the hope (SBAR that (S (NP-SBJ the House) (VP would (VP follow (NP (NP the lead) (PP of (NP (NP the Senate) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (PP-TMP on (NP Friday)) (VP agreed (S (NP-SBJ *-2) (VP to (VP drop (NP (NP a variety) (PP of (NP (NP (NP spending measures) and (NP tax breaks)) (SBAR (WHNP-4 that) (S (NP-SBJ *T*-4) (VP would (VP have (VP increased (NP the fiscal 1990 deficit)))))))))))))))))))))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ The market) (VP needs (NP a strong signal (SBAR that (S (NP-SBJ we) (VP 're (ADJP-PRD serious (PP about (NP deficit reduction))))))))) , and (S (NP-SBJ (NP the best way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP do (NP that) (ADVP-MNR *T*-1)))))) (VP is (SBAR-PRD for (S (NP-SBJ (NP the House) (PP of (NP Representatives))) (VP to (VP strip (NP their bill) '' (PP-CLR of (NP similar provisions))))))))) , (NP-SBJ (NP Sen. Warren Rudman) (PRN -LRB- (NP R.) , (NP-LOC N.H .) -RRB-)) . (VP said (SBAR 0 (S *T*-2)) (NP-TMP yesterday)) .)) (TOP (S (NP-SBJ (NP (NP The White House Office) (PP of (NP Management and Budget))) , (SBAR (WHNP-2 whose calculations) (S (NP-SBJ *T*-2) (VP determine (SBAR whether (S (NP-SBJ-1 the Gramm-Rudman targets) (VP are (VP met (NP *-1)))))))) ,) (VP estimated (SBAR that (S (NP-SBJ the House-passed deficit-reduction measure) (VP would (VP cut (NP the fiscal 1990 shortfall) (PP-EXT by (NP (NP (QP $ 6.2 billion) *U*) , (NP (NP almost half) (PP of (NP (NP (NP the Congressional Budget Office 's) estimate) (PP of (NP (QP $ 11.0 billion) *U*)))))))))))) .)) (TOP (S (NP-SBJ Rep. Panetta) (VP (VP said (SBAR that (S (NP-SBJ (NP OMB 's) figure) (VP would (ADVP-TMP still) (VP be (ADJP-PRD enough (S (NP-SBJ *) (VP to (VP avoid (NP permanent across-the-board cuts)))))))))) , but (VP added : (SBAR 0 `` (S (NP-SBJ We) (VP 're (VP getting (ADJP-PRD very close (PP to (NP the margins))) (ADVP-LOC here))))))) . '')) (TOP (S (NP-SBJ-1 (NP No one) (PP-LOC in (NP Washington))) (VP was (ADJP-PRD willing (S (NP-SBJ *-1) (VP to (VP take (NP (NP the blame) (PP for (S-NOM (NP-SBJ *) (VP provoking (NP (NP (NP Friday 's) drop) (PP-LOC in (NP the stock market)))))))))))) .)) (TOP (S But (NP-SBJ-1 some players) (VP were (ADJP-PRD quick (S (NP-SBJ *-1) (VP to (VP seize (NP the moment)))))) .)) (TOP (S (SBAR-TMP Before (S (NP-SBJ the sun) (VP had (VP set (PP-TMP on (NP Friday)))))) , (NP-SBJ (NP Richard Rahn) , (NP (NP the supply-side chief economist) (PP of (NP (NP the U.S. Chamber) (PP of (NP Commerce))))) ,) (VP issued (NP (NP a statement) (VP attributing (NP (NP the drop) (PP-LOC in (NP stock prices))) (PP-CLR to (NP the Senate decision (S (NP-SBJ *) (VP to (VP postpone (NP (NP action) (PP on (NP capital gains))))))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-3 (NP Investors) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP been (VP holding (NP assets) (PP in (NP (NP anticipation) (PP of (NP (NP a (ADJP more favorable) time) (SBAR (WHADVP-4 0) (S (NP-SBJ *) (VP to (VP sell (ADVP-TMP *T*-4)))))))))))))) ,) (VP were (VP spooked (NP *-3)))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S-2 `` (S (NP-SBJ There) (VP have (VP been (NP-PRD (NP many preposterous reasons (S *ICH*-1)) (VP advanced (NP *)) (S-1 (NP-SBJ *) (VP to (VP support (NP a capital-gains tax cut)))))))) (PRN , '' (S (NP-SBJ Sen. Mitchell) (VP said (S *T*-2) (PP-TMP during (NP his television appearance)))) ,) `` but (S (NP-SBJ I) (VP suggest (SBAR 0 (S (NP-SBJ that) (VP is (NP-PRD (NP perhaps more) (PP than (NP (NP any) (PP of (NP the others)))))))))) .)) (TOP (S (NP-SBJ-1 The following (UCP (NP U.S. Treasury) , (ADJP corporate) and (ADJP municipal)) offerings) (VP are (VP (ADVP-MNR tentatively) scheduled (NP *-1) (PP-CLR for (NP (NP sale) (NP-TMP this week))) , (PP according (PP to (NP Dow Jones Capital Markets Report))))) :)) (TOP (NP (NP (QP $ 15.2 billion) *U*) (PP of (NP (ADJP three-month and six-month) bills)) .)) (TOP (NP (NP Two-year notes) , (VP refinancing (NP (NP (QP about $ 9.6 billion) *U*) (PP in (NP maturing debt)))) .)) (TOP (NP (NP (QP $ 9.75 billion) *U*) (PP of (NP 52-week bills)) .)) (TOP (NP-HLN Connecticut Light & Power Co. --)) (TOP (NP (NP (NP (QP Three million) shares) (PP of (NP (ADJP $ 25 *U*) preferred))) , (PP via (NP competitive bidding)) .)) (TOP (NP-HLN B&H Crude Carriers Ltd. --)) (TOP (NP (NP (QP Four million) common shares) , (PP via (NP Salomon Brothers Inc)) .)) (TOP (NP-HLN Baldwin Technology Co. --)) (TOP (NP (NP (QP 2.6 million) Class A shares) , (PP via (NP Smith Barney Harris Upham & Co)) .)) (TOP (NP-HLN Blockbuster Entertainment Corp. --)) (TOP (NP (NP (ADJP (QP $ 250 million) *U*) (PRN -LRB- face amount -RRB-) Liquid Yield Option Notes) , (PP via (NP Merrill Lynch Capital Markets)) .)) (TOP (NP-HLN Chase Manhattan Corp. --)) (TOP (NP (NP (QP 14 million) common shares) , (PP via (NP Goldman , Sachs & Co)) .)) (TOP (NP-HLN Comcast Corp. --)) (TOP (NP (NP (ADJP (QP $ 150 million) *U*) convertible debentures) , (PP via (NP Merrill Lynch)) .)) (TOP (NP-HLN CSS Industries --)) (TOP (NP (NP (QP 1.3 million) common shares) , (PP via (NP Merrill Lynch)) .)) (TOP (NP-HLN Eastern Utilities Associates --)) (TOP (NP (NP (QP 1.5 million) common shares) , (PP via (NP PaineWebber Inc)) .)) (TOP (NP-HLN Employee Benefit Plans Inc. --)) (TOP (NP (NP (QP Two million) common shares) , (PP via (NP Dean Witter Capital Markets)) .)) (TOP (NP-HLN Exabyte Corp. --)) (TOP (NP (NP 2,850,000 common shares) , (PP via (NP Goldman Sachs)) .)) (TOP (NP-HLN Knowledgeware Inc. --)) (TOP (NP (NP (QP 2.4 million) common shares) , (PP via (NP Montgomery Securities)) .)) (TOP (NP-HLN Oregon --)) (TOP (NP (NP (NP (QP $ 100 million) *U*) (PP of (NP (NP (NP general obligation veterans ') tax notes) , (NP Series 1989)))) , (PP via (NP competitive bid)) .)) (TOP (NP-HLN (NP Washington) , (NP D.C.) --)) (TOP (NP (NP (NP (QP $ 200 million) *U*) (PP of (NP (NP 1990 general obligation tax revenue notes) -LRB- (NP Series 1990A) -RRB-))) , (PP via (NP competitive bid)) .)) (TOP (NP-HLN Virginia Public School Authority --)) (TOP (NP (NP (NP $ 55,730,000 *U*) (PP of (NP (NP school financing bonds) , (NP 1989 Series B) (PRN -LRB- (NP 1987 resolution) -RRB-)))) , (PP via (NP competitive bid)) .)) (TOP (NP-HLN (NP Austin) , (NP Texas) --)) (TOP (NP (NP (NP $ 68,230,000 *U*) (PP of (NP various bonds))) , (PP including (NP (NP (NP (ADJP $ 32 million *U*) hotel occupancy tax revenue bonds) , (NP Series 1989A)) , and (NP (NP (ADJP (QP $ 36.23 million) *U*) convention center revenue bonds) , (NP Series 1989B) ,))) (PP via (NP a Morgan Stanley & Co. group)) .)) (TOP (NP-HLN California Health Facilities Financing Authority --)) (TOP (NP (NP (NP (QP $ 144.5 million) *U*) (PP of (NP Kaiser Permanente revenue bonds))) , (PP via (NP a PaineWebber group)) .)) (TOP (NP-HLN Connecticut --)) (TOP (NP (NP (NP $ 100 million *U*) (PP of (NP (NP general obligation capital appreciation bonds) , (NP College Savings Plan) , (NP 1989 Series B)))) , (PP via (NP a Prudential-Bache Capital Funding group)) .)) (TOP (NP-HLN Pennsylvania Higher Education Facilities Authority --)) (TOP (NP (NP (NP (QP $ 117 million) *U*) (PP of (NP (NP revenue bonds) (PP for (NP Hahnemann University))))) , (NP Series 1989) , (PP via (NP a Merrill Lynch group)) .)) (TOP (NP-HLN Tennessee Valley Authority --)) (TOP (NP (NP (NP (QP Three billion)) (PP of (NP power bonds))) , (PP via (NP First Boston Corp)) .)) (TOP (NP-HLN (NP University) (PP of (NP Medicine And Dentistry)) (PP of (NP New Jersey)) --)) (TOP (NP (NP (NP (QP $ 55 million) *U*) (PP of (NP Series C bonds))) , (PP via (NP a Prudential-Bache group)) .)) (TOP (NP-HLN (NP West Virginia Parkways) , (NP Economic Development And Tourism Authority) --)) (TOP (NP (NP (NP (QP $ 143 million) *U*) (PP of (NP (NP parkway revenue bonds) , (NP Series 1989)))) , (PP via (NP a PaineWebber group)) .)) (TOP (NP-HLN (NP San Antonio) , (NP Texas) --)) (TOP (NP (NP (NP (QP $ 640 million) *U*) (PP of (NP (UCP gas and electric) revenue refunding bonds))) , (PP via (NP a First Boston group)) .)) (TOP (NP-HLN South Dakota Health & Education Facility Authority --)) (TOP (NP (NP (NP (QP $ 51.1 million) *U*) (PP of (NP Rapid City Regional Hospital bonds))) , (PP via (NP a Dougherty , Dawkins , Strand & Yost Inc. group)) .)) (TOP (S (S (NP-SBJ Small investors) (VP matched (NP their big institutional brethren) (PP in (NP anxiety)) (PP-TMP over (NP the weekend)))) , but (S (NP-SBJ-2 most) (VP (VP seemed (S (NP-SBJ *-2) (VP to (VP be (VP taking (NP a philosophical approach)))))) and (VP said (SBAR 0 (S (NP-SBJ-1 they) (VP were (VP resigned (NP-3 *-1) (PP-CLR to (S-NOM (NP-SBJ *-3) (VP riding (PRT out) (NP (NP the latest storm) (PP-LOC in (NP the stock market))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP 'm not (VP losing (NP (NP faith) (PP in (NP the market)))))) , '' (VP said (S *T*-1)) (NP-SBJ Boston lawyer Christopher Sullivan) (SBAR-TMP as (S (NP-SBJ he) (VP watched (S (NP-SBJ the market) (VP plunge)) (PP-LOC on (NP (NP a big screen) (PP-LOC in (NP (NP front) (PP of (NP a brokerage firm))))))))) .)) (TOP (S But (NP-SBJ he) (VP 's not (ADJP-PRD so sure (PP about (NP (NP everyone) (ADJP else))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP think (SBAR 0 (S (PP-TMP on (NP Monday)) (NP-SBJ-3 the small (PRN -LRB- investors -RRB-)) (VP are (VP going (S (NP-SBJ *-3) (VP to (VP panic and sell))))))))) , '' (VP predicted (S *T*-2)) (NP-SBJ (NP Mr. Sullivan) , (SBAR (WHNP-1 whose investments) (S (NP-SBJ *T*-1) (VP include (NP (NP (NP AMR Corp. 's) American Airlines unit) and (NP several mutual funds)))))) .)) (TOP (S `` And (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ-1 institutions) (VP are (VP going (S (NP-SBJ *-1) (VP to (VP (VP come (ADVP-DIR in)) and (VP buy))))))))) ...)) (TOP (S (NP-SBJ-1 I) (VP 'm (VP going (S (NP-SBJ *-1) (VP to (VP hold (PRT on)))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ I) (VP sell (ADVP-TMP now)))) , (NP-SBJ I) (VP 'll (VP take (NP a big loss))) . '')) (TOP (S (NP-SBJ Some) (VP evinced (NP (NP an optimism) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP had (VP been (VP rewarded (NP *-1) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ they) (VP did n't (VP flee (NP the market) (PP-TMP in (NP 1987)) (ADVP-TMP *T*-3)))))))))))) .)) (TOP (SINV `` (S-TPC-1 (INTJ Oh) , (NP-SBJ I) (VP bet (SBAR 0 (S (NP-SBJ it) (VP 'll (VP be (ADVP-PRD up (NP 50 points)) (PP-TMP on (NP Monday)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Lucy Crump) , (NP (NP a 78-year-old retired housewife) (PP-LOC in (NP (NP Lexington) , (NP Ky .))))))) (TOP (S (NP-SBJ Mrs. Crump) (VP said (SBAR 0 (S (S (NP-SBJ (NP her Ashwood Investment Club 's) portfolio) (VP lost (NP (NP about one-third) (PP of (NP its value))) (PP-TMP following (NP the Black Monday crash)))) , `` but (S (NP-SBJ-1 no one) (VP got (VP discouraged (NP *-1)))) , and (S (NP-SBJ we) (VP gained (NP that) (PRT back) (PRN -- and (NP more))))))) . '')) (TOP (S (PP-LOC At (NP (NP the annual congress) (PP of (NP the (NAC National Association (PP of (NP Investors))) Corp.)) (PP-LOC at (NP (NP the Hyatt Regency hotel) (PP-LOC in (NP Minneapolis)))))) , (NP-SBJ the scene) (VP was (ADJP-PRD calm)) .)) (TOP (S (NP-SBJ (NP (QP Some 500) investors) (VP representing (NP (NP investor clubs) (PP from (NP around the U.S.))))) (VP were (VP attending (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 the market) (VP started (S (NP-SBJ *-1) (VP to (VP slide))) (NP-TMP Friday) (ADVP-TMP *T*-2)))))) .)) (TOP (S But (NP-SBJ (NP Robert Showalter) , (NP (NP an official) (PP of (NP the association))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 (NP no special (NX (NX bulletins) or (NX emergency meetings))) (PP of (NP (NP the investors ') clubs))) (VP are (VP planned (NP *-1)))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ (NP (NP some) (PP of (NP (NP the association 's) members))) (PRN -- (NP long-term , buy-and-hold investors) --)) (VP welcomed (NP (NP the drop) (PP-LOC in (NP prices)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 We) (VP hope (S (NP-SBJ *-2) (VP to (VP take (NP-CLR advantage) (PP-CLR of (NP it))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP John Snyder) , (NP (NP a member) (PP of (NP a Los Angeles (NP investors ') club)))) .)) (TOP (S (NP-SBJ He) (VP has (NP (NP four stocks) (SBAR *ICH*-3)) (PP-LOC-CLR in (NP mind)) (SBAR-3 (WHNP-2 0) (S (NP-SBJ *) (VP to (VP buy (NP *T*-2) (SBAR-ADV if (S (NP-SBJ the prices) (VP drop (PP-DIR to (NP (NP the level) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP wants (NP *T*-1)))))))))))))) .)) (TOP (S (S (NP-SBJ Not everyone) (VP is (VP reacting (ADVP-MNR so calmly)))) , (ADVP however) , and (S (NP-SBJ many) (VP wonder (PP-CLR about (NP (NP the long-term implications) (PP of (NP (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 *T*-2) (VP is (VP (ADVP widely) viewed (NP *-1) (PP-CLR as (NP (NP the cause) (PP of (NP (NP Friday 's) slide)))))))) , (NP (NP reluctance (S *ICH*-3)) (PP by (NP banks)) (S-3 (NP-SBJ *) (VP to (VP provide (NP financing) (PP-PRP for (NP (NP a buy-out) (PP of (NP (NP UAL Corp.) , (NP (NP parent) (PP of (NP United Airlines))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Marc Perkins) , (NP a (NAC-LOC Tampa , Fla. ,) investment banker) ,) (VP said (SBAR 0 (S (NP-SBJ the market drop) (VP is (NP-PRD (NP one) (PP of `` (NP (NP a tremendous number) (PP of (NP signs (SBAR that (S (NP-SBJ the leveraged take-out era) (VP is (VP ending))))))))))))) .)) (TOP (S (NP-SBJ There) (VP 's (NP-PRD no question (SBAR that (S (NP-SBJ there) (VP 's (NP-PRD (NP a general distaste) (PP for (NP leverage))) (PP-LOC among (NP lenders))))))) .)) (TOP (S '' (NP-SBJ Mr. Perkins) (VP believes , (ADVP however) , (SBAR that (S (NP-SBJ-1 the market) (VP could (VP be (VP stabilized (NP *-1) (SBAR-ADV if (S (NP-SBJ California investor Marvin Davis) (VP steps (ADVP-DIR back) (PP-DIR in (PP to (NP the United bidding))) (PP with (NP (NP an offer) (PP of (NP (NP $ 275 *U*) (NP-ADV a share)))))))))))))) .)) (TOP (S (NP-SBJ (NP Sara Albert) , (NP a 34-year-old Dallas law student) ,) (VP says (SBAR 0 (S (NP-SBJ she) (VP 's (ADJP-PRD generally skittish (PP about (NP (NP the stock market) and (NP (NP the takeover activity) (SBAR (WHNP-1 that) (S (NP-SBJ-2 *T*-1) (VP seems (S (NP-SBJ *-2) (VP to (VP fuel (NP it))))))))))))))) .)) (TOP (S-2 `` (NP-SBJ I) (VP have (NP this feeling (SBAR (SBAR that (S (NP-SBJ-1 it) (VP 's (VP built (NP *-1) (PP-LOC-CLR on (NP sand)))))) (PRN , '' (S (NP-SBJ she) (VP says (SBAR 0 (S *T*-2)))) ,) (SBAR that (S (S (NP-SBJ the market) (VP rises)) `` but (S (NP-SBJ there) (VP 's (NP-PRD (NP no foundation) (PP to (NP it)))))))))) . '')) (TOP (S (NP-SBJ (NP She) and (NP her husband)) (VP pulled (NP (NP most) (PP of (NP their investments))) (ADVP-DIR out (PP of (NP the market))) (PP-TMP after (NP the 1987 crash)) , (SBAR-ADV although (S (NP-SBJ she) (ADVP-TMP still) (VP owns (NP some Texaco stock))))) .)) (TOP (S (UCP (PP-PRD (ADVP Partly) because of (NP (NP concern) (PP about (NP the economy)))) and (SBAR-PRD (ADVP partly) because (S (NP-SBJ-1 she) (ADVP-TMP recently) (VP quit (NP (NP her job) (PP as (NP a legal assistant))) (S-PRP (NP-SBJ *-1) (VP to (VP go (PP-DIR to (NP school))))))))) , `` (NP-SBJ I) (VP think (PP-TMP at (NP this point)) (SBAR 0 (S (NP-SBJ-2 we) (VP want (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD (ADVP (NP a lot) more) liquid)))))))) . '')) (TOP (S (NP-SBJ Others) (VP wonder (SBAR (WHNP-1 (WHNP (WHADJP how many) more) (PP of (NP these shocks))) (S (NP-SBJ the small investor) (VP can (VP stand (NP *T*-1)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) all (VP assumed (SBAR 0 (S (NP-SBJ October '87) (VP was (NP-PRD a one-time shot)))))) , '' (VP said (S *T*-1)) (NP-SBJ San Francisco attorney David Greenberg) .)) (TOP (S `` (NP-SBJ We) (VP told (NP the little guy) (SBAR 0 (S (S (NP-SBJ it) (VP could (ADVP only) (VP happen (ADVP-TMP once) (PP-TMP in (NP a lifetime))))) , (S (NP-SBJ *) (VP come (PRT on) (ADVP-DIR back)))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ it) (VP 's (VP happening (ADVP-TMP again))) . '')) (TOP (S (NP-SBJ Mr. Greenberg) (VP (VP got (ADJP-PRD out) (PP-TMP (ADVP just) before (NP the 1987 crash))) and , (VP (PP to (NP his regret)) , (ADVP-TMP never) went (ADVP-DIR back) (SBAR-TMP even as (S (NP-SBJ the market) (VP soared))))) .)) (TOP (S (NP-TMP This time) (NP-SBJ-1 he) (VP 's (ADJP-PRD ready (S (NP-SBJ *-1) (VP to (VP buy (PRT in) `` (SBAR-TMP (WHADVP when) (S (NP-SBJ the panic) (VP wears (ADVP-CLR off))))))))) . '')) (TOP (S (ADVP Still) , (NP-SBJ he) (VP adds : `` (S (NP-SBJ We) (VP ca n't (VP have (S (NP-SBJ (NP this kind) (PP of (NP thing))) (VP happen (ADVP-TMP very often))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the little guy) (VP gets (ADJP-PRD frightened) (ADVP-TMP *T*-1)))) , (NP-SBJ the big guys) (VP hurt (ADVP-MNR badly)) .)) (TOP (S (NP-SBJ Merrill Lynch) (VP ca n't (VP survive (PP without (NP the little guy)))) . '')) (TOP (S (NP-SBJ Small investors) (VP have (VP tiptoed (ADVP-DIR back) (PP-DIR into (NP the market)) (PP-TMP following (NP Black Monday)) (PRN , but (PP (ADVP mostly) through (NP mutual funds))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ Discount brokerage customers) `` (VP have (VP been (PP-LOC-PRD in (NP the market)) (UCP (ADVP somewhat) but not (NP-ADV (NP whole hog) (SBAR like (S (NP-SBJ they) (VP were (PP-LOC-PRD *?*) (ADVP-TMP (NP two years) ago))))))))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Leslie Quick Jr.) , (NP (NP chairman) (PP of (NP the Quick & Reilly discount brokerage firm)))) .)) (TOP (S (NP-SBJ (NP Hugo Quackenbush) , (NP (NP senior vice president) (PP-LOC at (NP Charles Scwhab Corp.))) ,) (VP says (SBAR 0 (S (NP-SBJ Schwab customers) `` (VP have (VP been (ADJP-PRD neutral to cautious (PP *ICH*-1)) (ADVP-TMP recently) (PP-1 about (NP stocks))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ Individual investors) (VP are (ADVP-TMP still) (ADJP-PRD angry (PP about (NP program trading))))) , (NP-SBJ Mr. Quackenbush) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Avner Arbel) , (NP a Cornell University finance professor) ,) (VP says (SBAR 0 (S (NP-SBJ-1 government regulators) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP (ADVP-MNR more closely) control (NP program trading)))) (S-PRP (NP-SBJ *-1) (VP to `` (VP win (ADVP-CLR back) (NP (NP the confidence) (PP of (NP the small investor))))))))))) . '')) (TOP (S-CLF But (NP-SBJ it) (VP 's not (NP-PRD only the stock market) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (S (NP-SBJ-2 some small investors) (VP worried (NP *-2))))))) .)) (TOP (S (NP-SBJ (NP Alan Helfman) , (NP (NP general sales manager) (PP of (NP (NP a Chrysler dealership) (PP-LOC in (NP Houston))))) ,) (VP said (SBAR 0 (S (S (NP-SBJ (NP he) and (NP his mother)) (VP have (NP some joint stock investments))) , but (S (NP-SBJ the overall economy) (VP is (NP-PRD his chief worry)))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ These high rollers) (VP took (NP a big bath) (NP-TMP today))) , '' (NP-SBJ he) (VP said (S *T*-2) (PP-LOC in (NP (NP his showroom) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (PP-LOC-PRD within (NP (NP a few miles) (PP of (NP (NP the (ADJP multi-million dollar) homes) (PP of (NP (NP some) (PP of (NP (NP Houston 's) richest citizens)))))))))))))) .)) (TOP (S `` And (NP-SBJ I) (VP can (VP tell (NP you) (SBAR that (S (NP-SBJ-1 a high roller) (VP is n't (VP going (S (NP-SBJ *-1) (VP to (VP (VP come (ADVP-DIR in) (NP-TMP tomorrow)) and (VP buy (NP (NP a Chrysler TC) (PP by (NP Maserati))))))))))))) . '')) (TOP (S And , (ADVP-TMP finally) , (NP-SBJ there) (VP were (NP-PRD the gloaters)) .)) (TOP (S `` (NP-SBJ I) (VP got (ADJP-PRD out) (PP-TMP in (NP 1987))) .)) (TOP (SINV (FRAG-TPC-2 (NP Everything)) , '' (VP said (FRAG *T*-2)) (NP-SBJ (NP Pascal Antori) , (NP (NP (NP an (NAC-LOC Akron , Ohio ,) plumbing contractor) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP was (VP visiting (NP Chicago))) and (VP stopped (PP-CLR by (NP (NP Fidelity Investments ') LaSalle Street office))))))))) .)) (TOP (S `` (NP-SBJ-1 I) (ADVP just) (VP stopped (PP-CLR by) (S-PRP (NP-SBJ *-1) (VP to (VP see (SBAR (WHADVP-2 how much) (S (NP-SBJ I) (VP would (VP have (VP lost (ADVP *T*-2)))))))))) . '')) (TOP (SQ Would (NP-SBJ Mr. Antori) (ADVP-TMP ever) (VP get (ADVP-CLR back) (ADJP-PRD in)) ?)) (TOP (SQ `` Are (NP-SBJ you) (VP kidding) !)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ it) (VP comes (PP-CLR to (NP money)) (ADVP-TMP *T*-1)))) : (S-ADV (ADVP-TMP Once) (NP-SBJ-2 *-3) (VP bitten (NP *-2))) , (NP-SBJ-3 *) (ADJP-PRD (NP 2,000 times) shy) .)) (TOP (S (NP-SBJ-1 (NP The crowded field) (PP for (NP notebook-sized computers))) (VP is (ADJP-PRD about (S (NP-SBJ *-1) (VP to (VP become (ADJP-PRD (ADVP (NP a lot) more) crowded)))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Compaq Computer Corp. 's) long-awaited entry) (NP-TMP today) (PP into (NP the notebook field))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP put (NP immediate heat) (PP-PUT (PP on (NP (NP (NP others) (PP-LOC in (NP the market))) , especially (NP (NP Zenith Electronics Corp.) , (NP the current market leader)) ,)) and (PP on (NP (NP a swarm) (PP of (NP promising start-ups)))))))))) .)) (TOP (S (NP-SBJ (NP (NP Compaq 's) series) (PP of (NP notebooks))) (VP extends (NP (NP a trend) (PP toward (NP downsizing)) (PP-LOC in (NP the personal computer market)))) .)) (TOP (S (S (NP-SBJ One manufacturer) (ADVP-TMP already) (VP has (VP produced (S (NP-SBJ-1 a clipboard-sized computer) (VP called (S (NP-SBJ *-1) (NP-PRD a notepad))))))) , and (S (NP-SBJ two others) (VP have (VP introduced (NP (ADJP even smaller) `` palmtops)))) . '')) (TOP (S But (NP-SBJ-1 those machines) (VP are (ADVP-TMP still) (VP considered (S (NP-SBJ *-1) (NP-PRD novelties)) , (PP with (NP (NP (NP keyboards) (SBAR (WHNP-2 0) (S (NP-SBJ only a munchkin) (VP could (VP love (NP *T*-2)))))) and (NP (NP screens) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP match))))))))) .)) (TOP (S (NP-SBJ (NP Compaq 's) notebooks) , (PP by (NP contrast)) , (VP may (VP be (NP-PRD (NP (NP the first) (PP-LOC in (NP their weight class))) (VP not to (VP skimp (PP-CLR on (NP (NP features) (VP found (NP *) (PP-LOC-CLR in (NP (ADJP much bigger) machines)))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP say (SBAR 0 (S (S (NP-SBJ they) (VP (VP 're (ADJP-PRD faster)) and (VP carry (NP (NP more memory) (PP than (NP (NP (NP anything) (ADJP else)) (PP of (NP their size)) (PP-LOC on (NP the market)))))))) -- and (S (NP-SBJ-1 they) (VP 're (VP priced (NP *-1) (ADVP-MNR aggressively) (PP-CLR at (NP (NP $ 2,400 *U*) to (NP $ 5,000 *U*))))))))) .)) (TOP (S (NP-SBJ (NP All) (PP of (NP this))) (VP comes (PP-LOC in (NP (NP a machine) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP (VP weighs (NP (QP only six) pounds)) and (VP fits (ADVP-MNR comfortably) (PP-DIR into (NP most briefcases))))))))) .)) (TOP (S (PP-TMP In (NP recent months)) , (NP-SBJ (NP (NP Compaq 's) competition) , (PP including (NP (NP Zenith) , (NP Toshiba Corp.) , (NP Tandy Corp.) and (NP NEC Corp.)))) all (VP have (VP introduced (NP (NP portables) (SBAR (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP weigh (NP approximately the same)))) and (SBAR (WHNP-4 that) (S (NP-SBJ-2 *T*-4) (VP are (VP called (S (NP-SBJ *-2) (NP-PRD notebooks)) -- (ADVP-MNR perhaps misleadingly))))))))) .)) (TOP (S (NP-SBJ-1 One analyst) , (S-ADV (NP-SBJ *-1) (VP noting (SBAR that (S (NP-SBJ most such machines) (VP are (ADJP-PRD (NP (QP about two) inches) thick)))))) , (VP takes (NP exception) (PP-CLR to (NP the name))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ This) (VP is n't (ADVP quite) (NP-PRD a notebook))) -- (S (NP-SBJ I) (VP call (S (NP-SBJ it) (NP-PRD a phonebook))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ-1 That) (VP ca n't (VP be (VP said (NP *-1) (PP-CLR of (NP (NP the (ADJP $ 2,400 *U*) notepad computer) (VP introduced (NP *) (ADVP-TMP (NP a few weeks) ago) (PP by (NP-LGS (NP GRiD Systems Corp.) , (NP (NP a unit) (PP of (NP Tandy))))))))))) .)) (TOP (S (PP Instead of (NP a keyboard)) , (NP-SBJ it) (VP features (NP (NP a writing surface) , (NP an electronic pen) and (NP the ability (S (NP-SBJ *) (VP to (VP `` read '' (NP block printing))))))) .)) (TOP (S (S (PP At (NP (QP 4 1/2) pounds)) , (NP-SBJ-1 it) (VP may (VP be (VP (ADVP-MNR too ambitiously) named (NP *-1))))) , but (S (NP-SBJ it) (ADVP nevertheless) (VP opens (PRT up) (NP (NP the kind) (PP of (NP marketing possibilities)) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP make (S (NP-SBJ analysts) (VP froth)))))))) .)) (TOP (S (NP-SBJ Palmtops) (VP are n't (ADVP-LOC-PRD far behind)) .)) (TOP (S (NP-SBJ-1 (NP Atari Corp. 's) Portfolio) , (S-ADV (NP-SBJ-2 *-1) (VP (VP introduced (NP *-2) (PP-LOC-3 in (NP Europe)) (ADVP-TMP-4 (NP two months) ago)) and (VP (PP-LOC=3 in (NP the U.S.)) (PP-TMP=4 in (NP early September))))) , (VP (VP weighs (NP (QP less than a) pound)) , (VP costs (NP a mere $ 400 *U*)) and (VP runs (PP-CLR on (NP three AA batteries))) , yet (VP has (NP the power (S (NP-SBJ *) (VP to (VP run (NP some (NX (NX spreadsheets) and (NX word processing programs))))))))) .)) (TOP (S (NP-SBJ Some critics) , (ADVP however) , (VP say (S (NP-SBJ-2 its ability (S (NP-SBJ *) (VP to (VP run (NP commonplace programs))))) (VP is (VP restricted (NP *-2) (PP by (NP-LGS a limited memory)))))) .)) (TOP (S (NP-SBJ Poquet Computer Corp.) , (ADVP-TMP meanwhile) , (VP has (VP introduced (NP (NP a (ADJP (ADVP much more) sophisticated) palmtop) (SBAR (WHNP-4 that) (S (NP-SBJ *T*-4) (VP (VP can (VP run (NP (NP Lotus 1-2-3) and (NP other sophisticated software programs)))) , but (VP costs (NP (QP five times) as much)))))))) .)) (TOP (SINV (PP-PRD-TPC-1 At (NP stake)) (VP is (PP-PRD *T*-1)) (NP-SBJ (SBAR-NOM (WHNP-2 what) (S (NP-SBJ (NP Mike Swavely) , (NP (NP (NP Compaq 's) president) (PP of (NP North America operations))) ,) (VP calls (S (NP-SBJ *T*-2) `` (NP-PRD (NP the Holy Grail) (PP of (NP the computer industry))) '')))) -- (NP (NP the search) (PP for `` (NP (NP a real computer) (PP-LOC in (NP (NP a package) (ADJP (ADJP so small) (SBAR 0 (S (NP-SBJ you) (VP can (VP take (NP it) (ADVP-LOC everywhere)))))))))))) . '')) (TOP (S (NP-SBJ The market) (VP is (ADJP-PRD (ADJP so new) , (SBAR 0 (S (NP-SBJ nobody) (VP knows (ADVP-TMP yet) (SBAR (WHADJP-1 how big) (S (NP-SBJ it) (VP can (VP be (ADJP-PRD *T*-1)))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP 've (VP had (S (NP-SBJ-2 (NP a lot) (PP of (NP people))) (VP trying (S (NP-SBJ *-2) (VP to (VP sell (NP-BNF me) (NP (NP services) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP find (PRT out) (SBAR (WHADJP-4 how big) (S (NP-SBJ it) (VP is (ADJP-PRD *T*-4))))))))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Tom Humphries) , (NP (NP director) (PP of (NP marketing)) (PP for (NP GRiD)))) .)) (TOP (S `` (SBAR Whether (S (NP-SBJ it) (VP 's (NP-PRD (NP (QP $ 5 billion) *U*) or (NP (QP $ 3.5 billion) *U*))))) , (NP-SBJ it) (VP does n't (NP matter)) .)) (TOP (S (NP-SBJ It) (VP 's (ADJP-PRD huge)) . '')) (TOP (S (NP-SBJ *) (VP Consider (NP (NP the growth) (PP of (NP (NP portables) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP-TMP now) (VP comprise (NP (NP 12 %) (PP of (NP all personal computer sales)))))))))) .)) (TOP (S (NP-SBJ (NP Laptops) (PRN -- (NP (NP generally anything) (PP-LOC under (NP 15 pounds))) --)) (VP have (VP become (NP-PRD the fastest-growing personal computer segment) , (PP with (S-NOM (NP-SBJ sales) (VP doubling (NP-TMP this year)))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Responding (PP-CLR to (NP that demand)))) , (ADVP however) , (VP has (VP led (PP-DIR to (NP (NP a variety) (PP of (NP compromises)))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Making (S (NP-SBJ computers) (ADJP-PRD smaller)))) (ADVP-TMP often) (VP means (S (NP-SBJ *) (VP sacrificing (NP memory)))) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP has (VP precluded (NP (NP use) (PP of (NP (NP the faster , (ADJP more powerful) microprocessors) (VP found (NP *) (PP-LOC-CLR in (NP (NP increasing numbers) (PP of (NP desktop machines)))))))))) .)) (TOP (S (NP-SBJ Size and weight considerations) (ADVP also) (VP have (VP limited (NP screen displays))) .)) (TOP (S (NP-SBJ The competitive sniping) (VP can (VP get (ADJP-PRD pretty petty) (PP-TMP at (NP times)))) .)) (TOP (S (NP-SBJ A Poquet spokesman) , (PP for (NP example)) , (VP criticizes (NP the Atari Portfolio) (SBAR-PRP because (S (NP-SBJ it) (VP requires (NP three batteries) (SBAR-ADV while (S (NP-SBJ the Poquet) (VP needs (NP (QP only two))))))))) .)) (TOP (S (NP-SBJ-1 Both palmtops) (VP are (VP dismissed (NP *-1) (PP by (NP-LGS (NP notebook makers) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP argue (SBAR that (S (NP-SBJ they) (VP 're (ADJP-PRD too small) (PRN -- (SINV (FRAG-TPC-4 (NP (NP a problem) (SBAR (WHNP-3 0) (S (NP-SBJ Poquet) (ADVP also) (VP encountered (NP *T*-3) (PP-LOC in (NP focus groups))))))) , (VP admits (SBAR 0 (FRAG *T*-4))) (NP-SBJ (NP Gerry Purdy) , (NP (NP director) (PP of (NP marketing)))))))))))))))) .)) (TOP (S (NP-SBJ-1 Poquet) , (S-ADV (NP-SBJ-2 *-1) (VP trying (S (NP-SBJ *-2) (VP to (VP avoid (NP the `` gadget '' label)))))) , (VP responded (PP with (NP (NP the tag line) , `` (NP (NP The Poquet PC) -- (NP a (ADJP Very Big) Computer))))) . '')) (TOP (S (PP Despite (NP the sniping)) , (NP-SBJ few) (VP question (NP (NP the inevitability) (PP of (NP (NP the move) (PP to (NP (NP small machines) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP do n't (VP make (NP compromises))))))))))) .)) (TOP (S (PP Toward (NP that end)) , (NP-SBJ experts) (VP say (SBAR 0 (S (NP-SBJ the real battle) (VP will (VP take (NP place) (PP between (NP (NP center-stage players) (PP like (NP Toshiba , Zenith and now Compaq))))))))) .)) (TOP (S (NP-SBJ-1 (NP Compaq 's) new machines) (VP are (VP considered (S (NP-SBJ *-1) (NP-PRD (NP a direct threat) (PP to (NP (NP start-up firms) (PP like (NP (NP Dynabook Inc.) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP introduced (PP-TMP in (NP June)) (NP (NP a computer) (SBAR (WHNP-3 that) , (S (PP like (NP (NP Compaq 's))) , (NP-SBJ *T*-3) (VP (VP uses (NP an Intel 286 microprocessor)) and (VP has (NP a hard disk drive))))))))))))))))) .)) (TOP (S But (NP-SBJ the Dynabook product) (VP (VP is (ADJP-PRD twice as heavy)) and (VP costs (NP (NP more) (PP than (NP Compaq 's))))) .)) (TOP (S (NP-SBJ (NP Compaq 's) announcement) (ADVP also) (VP spells (NP trouble) (PP for (NP (NP Zenith) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (NP-TMP last year) (VP (VP had (NP (NP 28 %) (PP of (NP the U.S. laptop market)))) but (VP (ADVP-TMP recently) agreed (S (NP-SBJ *-2) (VP to (VP sell (NP its computer business) (PP-DTV to (NP (NP Cie. des Machines Bull) , (NP the French government-owned computer maker))))))))))))) .)) (TOP (S (NP-SBJ Zenith holders) (VP will (VP vote (PP-TMP in (NP December)) (PP-CLR on (NP (NP the proposed (ADJP (QP $ 635 million) *U*) sale) , (NP (NP a price) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP could (VP slip (SBAR-PRP because (S (NP-SBJ-1 it) (VP is (VP pegged (NP *-1) (PP-CLR to (NP (NP Zenith 's) share and sales))))))))))))))) .)) (TOP (S (NP-SBJ Compaq) (VP is (ADVP-TMP already) (VP taking (NP aim) (PP-CLR at (NP (NP Zenith 's) market share)))) .)) (TOP (S (NP-SBJ (NP Rod Canion) , (NP (NP Compaq 's) (NX (NX president) and (NX chief executive officer))) ,) (VP notes (ADVP-MNR pointedly) (SBAR that (S (NP-SBJ (NP Zenith 's) (ADJP $ 2,000 *U*) MinisPort) (VP uses (NP an `` unconventional '' two-inch floppy disk) , (SBAR-ADV whereas (S (NP-SBJ (NP Compaq 's) new machines) (VP use (NP the (ADJP more common) (ADJP 3 1/2-inch) disk)))))))) .)) (TOP (S (NP-SBJ-1 (NP John P. Frank) , (NP (NP president) (PP of (NP Zenith Data Systems))) ,) (ADVP simply) (VP shrugs (PRT off) (NP such criticism) , (S-ADV (NP-SBJ *-1) (VP noting (SBAR that (S (NP-SBJ (ADJP 3 1/2-inch) floppies) (VP were (ADVP also) `` (ADJP-PRD unconventional) '' (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ they) (ADVP-TMP first) (VP replaced (NP five-inch disks) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ We) (VP do n't (VP look (PP-CLR at (NP-1 it)) (PP-CLR as (S-NOM (NP-SBJ *-1) not (VP being (NP-PRD a standard))))))) , (S (NP-SBJ we) (VP look (PP-CLR at (NP it)) (PP-CLR as (NP a new standard))))) , '' (NP-SBJ he) (VP argues (S *T*-2)) .)) (TOP (S (NP-SBJ Analysts) (VP do n't (VP see (NP it) (NP-MNR that way))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP ca n't (VP imagine (SBAR that (S (NP-SBJ you) (VP 'll (VP talk (PP-CLR to (NP (NP anyone) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP wo n't (VP tell (NP you) (SBAR 0 (S (NP-SBJ this) (VP (VP is (NP-PRD-3 dynamite) (PP-4 for (NP Compaq))) and (VP (NP-PRD=3 a stopper) (PP=4 for (NP (NP everyone) (ADJP else)))))))))))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Gene Talsky) , (NP (NP president) (PP of (NP Professional Marketing Management Inc)))) .)) (TOP (SINV (VP Adds (S *ICH*-1)) (NP-SBJ (NP Bill Lempesis) , (NP (NP senior industry analyst) (PP for (NP (NP DataQuest) , (NP a high-technology market research firm))))) : `` (S-1 (NP-SBJ We) (ADVP basically) (VP think (SBAR that (S (NP-SBJ these) (VP are (NP-PRD (ADJP very hot) products)))))) .)) (TOP (S (NP-SBJ (NP The problem) (SBAR (WHNP-1 0) (S (NP-SBJ-2 Compaq) (VP is (VP going (S (NP-SBJ *-2) (VP to (VP have (NP *T*-1))))))))) (VP is (SBAR-PRD that (S (NP-SBJ-3 they) (VP wo n't (VP be (ADJP-PRD able (S (NP-SBJ *-3) (VP to (VP make (NP (NP enough) (PP of (NP them)))))))))))) . '')) (TOP (S (NP-SBJ (NP Compaq 's) machines) (VP include (NP (NP (NP the (ADJP 3 1/2-inch) floppy disk drive) , (NP (NP a backlit screen) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (ADVP only) (ADJP-PRD 1/4-inch thick))))) and (NP (NP an internal expansion slot) (PP for (NP a modem)))) -- (PP in (NP other words)) , (NP (NP (ADJP almost all) the capabilities) (PP of (NP a typical office machine))))) .)) (TOP (S (S (NP-SBJ Others) (ADVP undoubtedly) (VP will (VP follow))) , but (S (NP-SBJ most analysts) (VP believe (SBAR 0 (S (NP-SBJ Compaq) (VP has (NP (NP (ADVP at least) a six-month lead) (PP on (NP the competition)))))))) .)) (TOP (S (NP-SBJ (NP (NP Toshiba 's) line) (PP of (NP portables))) , (PP for (NP example)) , (VP features (NP (NP (NP the T-1000) , (SBAR (WHNP-1601 which) (S (NP-SBJ *T*-1601) (VP (VP is (PP-LOC-PRD in (NP the same weight class))) but (VP is (ADJP-PRD much slower)) and (VP has (NP less memory))))) ,) and (NP (NP the T-1600) , (SBAR (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (ADVP also) (VP uses (NP a 286 microprocessor)))) , but (SBAR (WHNP-1602 which) (S (NP-SBJ *T*-1602) (VP (VP weighs (NP (NP almost twice) (PP as (NP much)))) and (VP is (NP-PRD (QP three times) the size))))))))) .)) (TOP (S (S (NP-SBJ-1 A third model) , (S-ADV (NP-SBJ-2 *-1) (VP marketed (NP *-2) (PP-LOC in (NP Japan)))) , (VP may (VP hit (NP the U.S.) (PP-TMP by (NP (NP the end) (PP of (NP (NP the first quarter) (PP of (NP 1990))))))))) , but (S-3 (PP-TMP by (NP then)) (PRN , (S (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-3)))) ,) (NP-SBJ Compaq) (VP will (VP have (VP established (NP itself) (PP-CLR as (NP (NP one) (PP of (NP three major players)))))))) .)) (TOP (SBARQ (WHNP What) (FRAG (PP about (NP Big Blue))) ?)) (TOP (S-1 (NP-SBJ-2 International Business Machines Corp.) (PRN , (S (NP-SBJ analysts) (VP say (SBAR 0 (S *T*-1)))) ,) (VP (VP has (VP been (VP burned (NP-3 *-2) (ADVP-TMP twice) (PP in (S-NOM (NP-SBJ-4 *-3) (VP trying (S (NP-SBJ *-4) (VP to (VP enter (NP the laptop market)))))))))) and (VP shows (NP (NP no signs) (PP of (S-NOM (NP-SBJ-5 *-2) (VP trying (S (NP-SBJ *-5) (VP to (VP get (PP-DIR into (NP notebooks)) (ADVP-TMP anytime soon)))))))))) .)) (TOP (S (NP-SBJ (NP Honeywell Inc.) and (NP International Business Machines Corp.)) (VP received (NP (NP Air Force contracts) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP develop (NP (NP integrated circuits) (PP for (NP (NP use) (PP-LOC in (NP space))))))))))) .)) (TOP (S (S (NP-SBJ-1 (NP Honeywell 's) contract) (VP totaled (NP-2 (QP $ 69.7 million) *U*))) , and (S (NP-SBJ=1 IBM 's) (NP=2 (QP $ 68.8 million) *U*)) .)) (TOP (S (NP-SBJ-1 Boeing Co.) (VP received (NP (NP a (ADJP (QP $ 46.7 million) *U*) Air Force contract) (PP for (S-NOM (NP-SBJ *-1) (VP developing (NP (NP cable systems) (PP for (NP the Minuteman Missile)))))))) .)) (TOP (S (NP-SBJ General Dynamics Corp.) (VP received (NP (NP a (ADJP (QP $ 29 million) *U*) Air Force contract) (PP for (NP electronic-warfare training sets)))) .)) (TOP (S (NP-SBJ Grumman Corp.) (VP received (NP (NP an (ADJP (QP $ 18.1 million) *U*) Navy contract) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP upgrade (NP aircraft electronics))))))) .)) (TOP (S (NP-SBJ Avco Corp.) (VP received (NP (NP an (ADJP (QP $ 11.8 million) *U*) Army contract) (PP for (NP helicopter engines)))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Sharp increases) (PP-LOC in (NP (NP the price) (PP of (NP fresh produce))))) (VP caused (S (NP-SBJ (NP Spain 's) September consumer price index) (VP to (VP shoot (ADVP-DIR up) (NP-EXT 1.1 %) (PP-DIR from (NP the previous month)) , (S-ADV (NP-SBJ *) (VP pushing (NP (NP the annual rate) (PP of (NP inflation))) (PP-DIR to (NP 6.8 %))))))))) , (NP-SBJ (NP the National Institute) (PP of (NP Statistics))) (VP said (SBAR 0 (S *T*-1)) (NP-TMP Friday)) .)) (TOP (S (NP-SBJ The monthly increase) (VP is (NP-PRD (NP the highest) (VP recorded (NP *) (PP-TMP in (NP the past four years))))) .)) (TOP (S (NP-SBJ-2 (NP The index) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP registered (NP 156.8) (PP-TMP at (NP (NP the end) (PP of (NP September))))))) ,) (VP (VP has (NP (NP a base) (PP of (NP 100)) (VP set (NP *) (PP-TMP in (NP 1983))))) and (VP is n't (VP (ADVP seasonally) adjusted (NP *-2)))) .)) (TOP (S (NP-SBJ-1 Prices) (VP have (VP risen (NP-EXT 5.9 %) (PP-TMP in (NP (NP the first nine months) (PP of (NP the year)))) , (S-ADV (NP-SBJ *-1) (VP outstripping (NP both (NP (NP the initial (ADJP 3 %) inflation goal) (VP set (NP *) (PP by (NP-LGS (NP the government) (PP of (NP Socialist Prime Minister Felipe Gonzalez)))))) and (NP (NP the second , revised goal) (PP of (NP 5.8 %)))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Japan 's) wholesale prices) (PP-TMP in (NP September)) (VP (VP rose (NP-EXT 3.3 %) (PP-DIR from (ADVP-TMP (NP a year) earlier))) and (VP were (ADVP-PRD up (NP 0.4 %) (PP from (NP the previous month)))))) , (NP-SBJ (NP the Bank) (PP of (NP Japan))) (VP announced (SBAR 0 (S *T*-1)) (NP-TMP Friday)) .)) (TOP (S (NP-SBJ The wholesale price index) (VP stood (PP-LOC-CLR at (NP 90.1)) , (PP compared (PP with (NP (NP a 1985 base) (PP of (NP 100)))))) .)) (TOP (FRAG (NP Plunge) ?)) (TOP (FRAG (WHNP What plunge) ?)) (TOP (S (NP-SBJ Twenty-four New York Stock Exchange issues) (VP hit (NP 52-week highs) (PP-TMP during (NP (NP Friday 's) trading)) , (PP despite (NP (NP the Dow Jones Industrial Average 's) 190.58-point plunge))) .)) (TOP (S (NP-SBJ (NP Stocks) (PP of (NP utilities))) (VP held (PRT up) (ADVP-MNR (ADVP relatively better) (PP than (NP other market sectors))) (PP-TMP during (NP the sell-off))) .)) (TOP (SINV And (PP-LOC-PRD-TPC-1 among (NP (NP the issues) (VP hitting (NP new highs)))) (VP were (PP-LOC-PRD *T*-1)) (NP-SBJ (NP Detroit Edison Co.) and (NP Niagara Mohawk Power Corp)) .)) (TOP (S (NP-SBJ (NP Other major issues) (VP hitting (NP highs))) (VP included (NP (NP American Telephone & Telegraph Co.) , (NP Westinghouse Electric Corp.) , (NP Exxon Corp.) and (NP (NP Cigna Corp.) , (NP the big insurer)))) .)) (TOP (S (PP Of (NP course)) , (NP-SBJ (NP many more issues) (PRN -- (NP 93) --)) (VP hit (NP new lows)) .)) (TOP (S (NP-SBJ These) (VP included (NP (NP International Business Machines Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (PP-TMP during (NP (NP Friday 's) session)) (VP traded (PP-LOC below (NP (NP $ 100 *U*) (NP-ADV a share))) (PP for (NP (NP the first time) (PP-TMP since (NP June 1984))))))))) .)) (TOP (S (NP-SBJ IBM) (VP closed (PP-CLR at (NP $ 102 *U*)) , (ADVP down (NP $ 5.625 *U*))) .)) (TOP (S (NP-SBJ Other new lows) (VP included (NP (NP (NP Navistar International Corp.) , (NP Union Carbide Corp.) and (NP Bethlehem Steel Corp.)) , (SBAR (WHNP-2 (NP all) (WHPP of (WHNP which))) (S (NP-SBJ-1 *T*-2) (VP are (VP included (NP *-1) (PP-LOC-CLR in (NP the industrial average)))))))) .)) (TOP (S (ADVP-TMP Meanwhile) , (NP-SBJ two initial public offerings) (VP braved (NP the cascading market) (PP-TMP in (NP (NP their maiden day) (PP of (NP national over-the-counter trading)))) (NP-TMP Friday)) .)) (TOP (S (S (NP-SBJ (NP Shares) (PP of (NP (NP (NP Rally 's) Inc.) , (NP (NP an operator) (PP of (NP fast-food restaurants))) ,))) (VP closed (PP-CLR at (NP (NP $ 17 *U*) (NP-ADV each))) , (ADVP up (PP from (NP its (ADJP $ 15 *U*) offering price))))) and (S (NP-SBJ (NP shares) (PP of (NP (NP Employee Benefit Plans Inc.) , (NP a health-care consultant) ,))) (VP closed (PP-CLR at (NP $ 14.125 *U*)) , (ADVP up (PP from (NP its (ADJP $ 12 *U*) offering price))))) .)) (TOP (S (NP-SBJ Ford Motor Co.) (VP said (SBAR 0 (S (NP-SBJ it) (VP acquired (NP (NP 5 %) (PP of (NP (NP the shares) (PP-LOC in (NP Jaguar PLC))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP Jaguar) , (NP the London Stock Exchange) and (NP the U.S. Securities and Exchange Commission)) (VP are (VP being (VP notified (NP *-1) (PP-CLR of (NP the transactions)))))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The U.S. Federal Trade Commission) (VP advised (NP Ford) (NP-TMP last week) (SBAR that (S (NP-SBJ it) (VP would n't (VP raise (NP (NP any objection) (PP to (NP (NP the acquisition) (PP of (NP (NP (NP as much) (PP as (NP 15 %))) (PP of (NP Jaguar shares)))))))))))) .)) (TOP (S (NP-SBJ The No. 2 auto maker) (VP disclosed (NP-TMP last month) (SBAR that (S (NP-SBJ-2 it) (VP wants (S (NP-SBJ *-2) (VP to (VP buy (NP (NP (NP (NP as much) (PP as (NP 15 %))) (PP of (NP the British luxury-car maker))) , (NP (NP the maximum) (VP allowed (NP *) (PP-LOC under (NP current United Kingdom government restrictions)))))))))))) .)) (TOP (S (NP-SBJ General Motors Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP had (VP discussed (NP (NP the possibility) (PP of (NP (NP a joint venture) (PP with (NP Jaguar))))) (SBAR-TMP before (S (NP-SBJ-1 Ford) (VP began (S (NP-SBJ *-1) (VP buying (NP shares))))))))))) .)) (TOP (S (NP-SBJ GM) (VP said (SBAR 0 (S (NP-SBJ-1 it) (ADVP-TMP still) (VP is (VP talking (PP with (NP Jaguar)) (PP-CLR about (S-NOM (NP-SBJ *-1) (VP acquiring (NP a minority interest))))))))) .)) (TOP (S (NP-SBJ (NP Investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP bought (NP stock) (PP-MNR with (NP borrowed money)) (PRN -- (S-ADV (NP-SBJ that) (VP is)) , `` (PP on (NP margin)) '' --))))) (VP may (VP be (ADJP-PRD (ADJP more worried) (PP than (NP most))) (PP-TMP following (NP (NP Friday 's) market drop)))) .)) (TOP (S (NP-SBJ That) (VP 's (SBAR-PRP-PRD because (S (NP-SBJ their brokers) (VP can (VP require (S (NP-SBJ them) (VP to (VP (VP sell (NP some shares)) or (VP put (PRT up) (NP (NP more cash) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP enhance (NP (NP the collateral) (VP backing (NP their loans))))))))))))))))) .)) (TOP (S (PP-TMP In (NP October 1987)) , (NP-SBJ-1 these margin calls) (VP were (VP thought (S (NP-SBJ *-1) (VP to (VP have (VP contributed (PP-CLR to (NP (NP the downward spiral) (PP of (NP the stock market)))))))))) .)) (TOP (S (ADVP Typically) , (NP-SBJ a margin call) (VP occurs (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP the price) (PP of (NP a stock))) (VP falls (PP-DIR below (NP (NP 75 %) (PP of (NP its original value)))) (ADVP-TMP *T*-1))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the investor) (VP does n't (VP put (PRT up) (NP (NP the extra cash) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP satisfy (NP the call)))))))))) , (NP-SBJ-2 the brokerage firm) (VP may (VP begin (S (NP-SBJ *-2) (VP liquidating (NP the securities))))) .)) (TOP (S But (NP-SBJ some big brokerage firms) (VP said (SBAR 0 (S (NP-SBJ they) (VP do n't (VP expect (NP (NP major problems) (PP-PRP as (NP (NP a result) (PP of (NP margin calls)))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Margin calls) (PP-TMP since (NP Friday)) `` (VP have (VP been (ADJP-PRD (ADJP (ADJP higher) (PP than (NP usual))) , but (ADJP reasonable))))) , '' (NP-SBJ (NP a spokesman) (PP for (NP Shearson Lehman Hutton Inc.))) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-1 (NP-SBJ Merrill Lynch & Co. officials) `` (VP do n't (VP expect (S -LCB- (NP-SBJ margin calls) -RCB- (VP to (VP be (NP-PRD (NP (ADJP as big) a factor) (ADVP as (PP-TMP in (NP 1987))))))) '' (SBAR-PRP because (S (NP-SBJ fewer individual investors) (VP are (VP buying (NP stock) (PP on (NP margin))))))))) , (NP-SBJ a spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Hugo Quackenbush) , (NP (NP senior vice president) (PP-LOC at (NP (NP Charles Schwab Corp.) , (NP the (ADJP San Francisco-based) discount brokerage firm)))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP did n't (VP expect (NP (NP any immediate problems) (PP with (NP margin calls)) (PP for (NP Schwab customers)))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (S (NP-SBJ Schwab) (VP had (VP increased (NP margin requirements)))) `` so (S (NP-SBJ customers) (VP have (NP (NP more) (PP of (NP a cushion)))))))) . '')) (TOP (S (NP-SBJ He) (VP added : `` (S (NP-SBJ We) (VP learned (NP (NP a lesson) (PP *ICH*-1)) (PP-TMP in (NP 1987)) (PP-1 about (NP volatility))))) .)) (TOP (S (NP-SBJ-1 Avis Inc.) , (S-ADV (NP-SBJ *-1) (VP following (NP (NP rival Hertz Corp. 's) lead))) , (VP said (SBAR 0 (S (NP-SBJ it) (VP is (VP backing (ADVP-DIR out (PP of (NP (NP frequent-flier programs) (PP with (NP three airlines)))))))))) .)) (TOP (S (NP-SBJ The (NAC-LOC Garden City , N.Y. ,) car-rental company) (VP said (SBAR 0 (S (NP-SBJ it) (VP wo n't (VP renew (NP (NP contracts) (PP with (NP (NP (NP NWA Inc. 's) Northwest Airlines unit) , (NP (NP Pan Am Corp. 's) Pan American World Airways unit) and (NP Midway Airlines)))) (PP-TMP at (NP (NP the end) (PP of (NP this year))))))))) .)) (TOP (S But (NP-SBJ it) (VP remains (ADJP-PRD involved (PP in (NP (NP programs) (PP with (NP (NP (NP AMR Corp. 's) American Airlines unit) and (NP Delta Air Lines))))))) .)) (TOP (S (NP-SBJ Industry estimates) (VP put (NP (NP (NP Avis 's) annual cost) (PP of (NP all five programs))) (PP-PUT at (NP (QP between $ 8 million and $ 14 million) *U*))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP Avis))) (VP (VP would n't (VP specify (NP the costs))) but (VP said (SBAR 0 (S (NP-SBJ (NP the three airlines) (VP being (VP dropped (NP *)))) (VP account (PP-CLR for (NP `` (NP far less) (PP than (NP (NP half) '' (PP of (NP the total))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Budget Rent a Car Corp.) , (PP of (NP Chicago))) , and (NP (NP National Car Rental Systems Inc.) , (PP of (NP Minneapolis))) ,) both (VP said (SBAR 0 (S (NP-SBJ they) (VP had (NP no plans (S (NP-SBJ *) (VP to (VP follow (NP suit))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ Budget) (VP indicated (SBAR 0 (S (NP-SBJ-1 it) (VP saw (NP (NP some benefit) (PP to (S-NOM (NP-SBJ *-1) (VP staying (ADJP-PRD involved (PP in (NP (NP these programs) , (SBAR (WHPP-2 in (WHNP which)) (S (S (NP-SBJ renters) (VP earn (NP frequent-flier miles) (PP-LOC *T*-2))) and (S (NP-SBJ fliers) (VP can (VP get (NP car-rental discounts) (PP-LOC *T*-2))))))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP can not (VP see (SBAR (WHADVP how) (S (NP-SBJ (NP this news) (PP by (NP Hertz and Avis))) (VP can not (VP benefit (NP (NP Budget 's) programs)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Bob Wilson) , (NP (NP (NP Budget 's) vice president) , (NP marketing planning))) .)) (TOP (S (NP-SBJ Northwest and Midway) (VP are (NP-PRD (NP two) (PP of (NP (NP the five airlines) (SBAR (WHPP-1 with (WHNP which)) (S (NP-SBJ Budget) (VP has (NP (NP agreements) (PP *T*-1))))))))) .)) (TOP (S (NP-SBJ National) (ADVP also) (VP participates (PP-CLR in (NP the Northwest frequent-flier program)) (ADVP along (PP with (NP (NP four other airlines) , (PP including (NP (NP Delta) and (NP (NP USAir Group Inc. 's) USAir unit))))))) .)) (TOP (S (ADVP-TMP (NP A month) ago) , (NP-SBJ (NP Hertz) , (PP of (NP (NP Park Ridge) , (NP N.J.))) ,) (VP said (SBAR (SBAR that (S (NP-SBJ it) (VP would (VP drop (NP (NP its marketing agreements) (PP *ICH*-1)) (PP-TMP at (NP year end)) (PP-1 with (NP (NP Delta) , (NP America West) and (NP (NP Texas Air Corp. 's) (NX (NX Continental Airlines) and (NX Eastern Airlines))))))))) , and (SBAR that (S (NP-SBJ-2 (NP pacts) (PP with (NP (NP American Airlines) , (NP (NP UAL Inc 's) United Airlines) and (NP USAir)))) (ADVP also) (VP would (VP be (VP ended (NP *-2) ... (ADVP-TMP sometime (PP after (NP Dec. 31)))))))))) .)) (TOP (S (PP-TMP At (NP the time)) , (NP-SBJ Hertz) (VP said (SBAR (SBAR 0 (S (NP-SBJ (NP its annual fees) (PP to (NP those airlines))) (VP amounted (PP-CLR to (NP (QP $ 20 million) *U*))))) and (SBAR that (S (NP-SBJ (NP the value) (PP of (NP redeemed awards))) (VP topped (NP (QP $ 15 million) *U*)))))) .)) (TOP (S (NP-SBJ Analysts and competitors) , (ADVP however) , (VP doubt (SBAR 0 (S (NP-SBJ the numbers) (VP were (ADJP-PRD that high))))) .)) (TOP (S (NP-SBJ Budget) (VP said (SBAR 0 (S (NP-SBJ its frequent-flier costs) (VP are (PP-LOC-PRD `` (ADVP substantially) below '' (NP (NP Avis 's) level)))))) .)) (TOP (S (NP-SBJ (NP Robert D. Cardillo) , (NP (NP Avis vice president) (PP of (NP marketing))) ,) (VP said , (SBAR 0 `` (S (NP-SBJ (NP The proliferation and costs) (VP attached (NP *) (PP-CLR to (PRN -LCB- (NP frequent-flier programs) -RCB-)))) (VP have (VP (ADVP-MNR significantly) diminished (NP their value)))))) . '')) (TOP (SINV (S-TPC-1 (NP-SBJ This year) (VP has (VP been (ADJP-PRD difficult) (PP for (NP both Hertz and Avis))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Charles Finnie) , (NP (NP car-rental industry analyst) (PP-LOC at (NP Alex . Brown & Sons)))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ-2 They) (VP 've (VP been (VP looking (S (NP-SBJ *-2) (VP to (VP get (NP their costs) (ADVP-DIR down)))))))) , and (S (NP-SBJ this) (VP is (NP-PRD (NP a (ADJP fairly sensible) way) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP do (NP it) (ADVP-MNR *T*-3))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ CBS Inc.) (VP is (VP cutting `` (NP-TTL The Pat Sajak Show) '' (ADVP-CLR down) (PP-CLR to (NP one hour)) (PP-CLR from (NP its current 90 minutes)))) .)) (TOP (S (NP-SBJ CBS) (VP insisted (SBAR 0 (S (NP-SBJ the move) (VP was n't (NP-PRD (NP a setback) (PP for (NP (NP the program) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP (NP the network 's) first entry) (PP into (NP the late-night talk show format)) (PP-TMP since (NP 1972))))))))))))) .)) (TOP (SINV `` (S-TPC-3 (S (NP-SBJ-4 I) (VP have (NP (NP every intention) (PP of (S-NOM (NP-SBJ *-4) (VP making (S (NP-SBJ this) (NP-PRD the (ADJP best possible) show)))))))) and (S (S-NOM-SBJ (NP-SBJ *) (VP having (S (NP-SBJ it) (VP run (NP-TMP one hour))))) (VP is (NP-PRD (NP the best way) (PP to (NP it)))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP Rod Perth) , (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP vice president) (PP of (NP late night entertainment)))) (PP-TMP in (NP August))))))) .)) (TOP (S `` (NP-SBJ This) (VP will (VP raise (NP (NP the energy level) (PP of (NP the show))))) . '')) (TOP (S (NP-SBJ-1 CBS) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP program (NP (NP action-adventure shows) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP follow (NP the Sajak hour))))))))))) .)) (TOP (S But (NP-SBJ CBS News) (VP will (VP (VP extend (NP its four-hour `` (NX-TTL Nightwatch) '') (PP-EXT by (NP 30 minutes))) and (VP begin (PP-TMP at (NP 1:30 a.m))))) .)) (TOP (S (NP-SBJ-2 The show) , (PP despite (NP a promising start)) , (VP has (VP slipped (ADVP-MNR badly) (PP-LOC in (NP (NP the weekly ratings) (SBAR as (S (NP-SBJ-1 *) (VP compiled (NP *-1) (PP by (NP-LGS A.C. Nielsen Co.))))))) , (S-ADV (NP-SBJ *-2) (VP finishing (PP-LOC (ADVP far) below (NP (NP `` (NP-TTL Tonight) '' (PP-LOC on (NP (NP NBC) , (NP (NP a unit) (PP of (NP General Electric Co.)))))) , and (NP `` (NP-TTL Nightline) '' (PP-LOC on (NP (NP ABC-TV) , (NP (NP a unit) (PP of (NP Capital Cities/ABC Inc)))))))))))) .)) (TOP (SINV (VP-TPC-1 (ADVP Further) fractioning (NP the late-night audience)) (VP is (VP *T*-1)) (NP-SBJ (NP the addition) (PP of (NP (NP the `` (NX-TTL Arsenio Hall Show)) , '' (VP syndicated (NP *) (PP by (NP-LGS Paramount Communications Inc)))))) .)) (TOP (S (NP-SBJ-1 Tandem Computers Inc.) , (S-ADV (NP-SBJ-2 *-1) (VP preparing (S (NP-SBJ *-2) (VP to (VP fight (PP with (NP International Business Machines Corp.)) (PP-PRP for (NP (NP a piece) (PP of (NP the mainframe business))))))))) , (VP said (SBAR 0 (S (NP-SBJ-3 it) (VP expects (S (NP-SBJ *-3) (VP to (VP post (NP (NP higher revenue and earnings) (PP for (NP (NP its fiscal fourth quarter) (VP ended (NP-TMP Sept. 30)))))))))))) .)) (TOP (S (NP-SBJ Tandem) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP (NP revenue) (PP of (NP (QP about $ 450 million) *U*))) and (NP (NP earnings) (PP of (NP (NP (NP 35 cents) to (NP 40 cents)) (NP-ADV a share)))))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP The results) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (PP-LOC-PRD in (NP (NP line) (PP with (NP (NP analysts ') estimates))))))) ,) (VP reflect `` (NP (NP a continued improvement) (PP-LOC in (NP our U.S. business))))) , '' (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP James Treybig) , (NP (NP Tandem 's) chief executive officer)) .)) (TOP (S (PP-TMP In (NP the year-earlier period)) , (NP-SBJ Tandem) (VP reported (NP (NP net income) (PP of (NP (NP (QP $ 30.1 million) *U*) , or (NP (NP 31 cents) (NP-ADV a share)))) , (PP on (NP (NP revenue) (PP of (NP (QP $ 383.9 million) *U*)))))) .)) (TOP (S (NP-SBJ-1 Tandem) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP the full results) (PP for (NP the quarter))) (NP-TMP next week))))) .)) (TOP (S (NP-SBJ Analysts) (VP have (VP predicted (SBAR that (S (NP-SBJ the (NAC-LOC Cupertino , Calif. ,) company) (VP will (VP report (NP (NP (NP revenue) (PP of (NP (QP $ 430 million to $ 460 million) *U*))) and (NP (NP earnings) (PP of (NP (NP (NP 35 cents) to (NP 40 cents)) (NP-ADV a share))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Commenting (PP-CLR on (NP (NP the results) (PP for (NP the quarter)))))) , (NP-SBJ-1 Mr. Treybig) (VP said (SBAR 0 (S (NP-SBJ (NP the strength) (PP of (NP (NP the company 's) domestic business))) (VP came (PP-CLR as (NP `` (NP a surprise) '' (PP to (NP him))))))) , (S-ADV (NP-SBJ *-1) (VP noting (SBAR that (S (NP-SBJ (NP sales) `` (PP-LOC in (NP (NP every region) (PP of (NP the U.S.))))) (VP exceeded (NP our plan))))))) . '')) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The company 's) U.S. performance) (VP was (VP helped (NP *-1) (PP by `` (NP-LGS (NP a record quarter) (PP for (NP new customers))))))) , '' (NP-SBJ he) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Tandem) (VP makes (NP (NP `` fault-tolerant '' computers) (PRN -- (NP (NP machines) (PP with (NP built-in backup systems))) --) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP run (NP (NP stock exchanges) , (NP (NP networks) (PP of (NP automatic tellers))) and (NP other complex computer systems))))))) .)) (TOP (S (NP-TMP Tomorrow) (NP-SBJ-1 the company) (VP is (VP scheduled (S (NP-SBJ *-1) (VP to (VP announce (NP (NP (NP its (ADJP most powerful) computer) (ADVP-TMP ever)) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (PP-TMP for (NP the first time)) (VP will (VP bring (NP it) (PP-DIR into (NP (NP direct competition) (PP with (NP (NP makers) (PP of (NP mainframe computers)))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Tandem 's) new high-end computer) (VP is (VP called (S (NP-SBJ *-1) (NP-PRD Cyclone)))) .)) (TOP (S (NP-SBJ (NP Prices) (PP for (NP (NP the machine) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP can (VP come (PP-CLR in (NP various configurations)))))) ,))) (VP are (NP-PRD (QP $ 2 million to $ 10 million) *U*)) .)) (TOP (S (NP-SBJ Analysts) (VP expect (S (NP-SBJ the new computer) (VP to (VP wrest (NP (NP a hefty slice) (PP of (NP business))) (ADVP-DIR away (PP from (NP (NP IBM) , (NP (NP the longtime leader) (PP-LOC in (NP mainframes)))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP believe (SBAR 0 (S (NP-SBJ they) (VP could (VP siphon (NP (QP perhaps two to three billion) dollars) (PP-DIR from (NP IBM)) '' (PP-TMP over (NP the next few years)))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP George Weiss) , (NP (NP an analyst) (PP-LOC at (NP the Gartner group)))) .)) (TOP (S (NP-SBJ That) (VP will (VP spur (NP (NP Tandem 's) growth))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP 'd (VP be (ADJP-PRD disappointed) (SBAR-ADV if (S (NP-SBJ the company) (VP grew (PP-EXT by (NP (QP less than 20) %)) (NP-TMP next year))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP John Levinson) , (NP (NP an analyst) (PP-LOC at (NP Goldman , Sachs & Co)))) .)) (TOP (S (NP-SBJ-1 IBM) (VP is (VP expected (S (NP-SBJ-2 *-1) (VP to (VP respond (PP-CLR to (NP (NP Tandem 's) (NP Cyclone))) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP discounting (NP (NP-TPC-3 its own mainframes) ,))))))))) (SBAR (WHNP which) (S (NP-SBJ analysts) (VP say (SBAR 0 (S (NP-SBJ *T*-3) (VP are (NP-PRD (NP (QP roughly three times) the price) (PP of (NP (NP a comparable system) (PP from (NP Tandem))))))))))) .)) (TOP (SINV `` (S-TPC-1 (ADVP Obviously) (NP-SBJ IBM) (VP can (VP give (NP bigger discounts) (PP-DTV to (NP users)) (ADVP-TMP immediately)))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Weiss) .)) (TOP (S But (NP-SBJ Mr. Treybig) (VP questions (SBAR whether (S (NP-SBJ that) (VP will (VP be (ADJP-PRD enough (S (NP-SBJ *) (VP to (VP stop (NP-2 (NP Tandem 's) first mainframe) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP taking (PRT on) (NP (NP some) (PP of (NP (NP the functions) (SBAR (WHNP-1 that) (S (NP-SBJ large organizations) (ADVP-TMP previously) (VP sought (NP *T*-1) (PP-CLR from (NP (NP Big Blue 's) machines)))))))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The answer) (VP is n't (NP-PRD (NP price reductions) , but (NP new systems)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ Tandem) (VP faces (NP (NP a variety) (PP of (NP (NP challenges) , (S (NP-SBJ the biggest) (VP being (SBAR-PRD that (S (NP-SBJ customers) (ADVP generally) (VP view (NP (NP the company 's) computers) (PP-CLR as (ADJP complementary (PP to (NP (NP IBM 's) mainframes))))))))))))) .)) (TOP (S (NP-SBJ-1 Even Mr. Treybig) (VP is (ADJP-PRD reluctant (S (NP-SBJ *-1) (VP to (VP abandon (NP this notion))))) , (S-ADV (NP-SBJ *) (VP insisting (SBAR that (S (NP-SBJ (NP Tandem 's) new machines) (VP are n't (NP-PRD (NP replacements) (PP for (NP (NP IBM 's) mainframes))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP 're (PP-PRD after (NP a (ADJP little bigger) niche)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ *) (VP Do n't (VP jump (ADVP-TMP yet))) .)) (TOP (S (NP-SBJ-1 (NP The stock market 's) swoon) (VP may (VP turn (PRT out) (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP good news) (PP for (NP the economy)))))))) .)) (TOP (S (PP-TMP In (NP (NP one wild hour) (PP of (NP trading)))) , (NP-SBJ-1 the market) (VP managed (S (NP-SBJ *-1) (VP to (VP accomplish (SBAR-NOM (WHNP-3 what) (S (NP-SBJ-2 the Bush administration) (VP has (VP been (VP trying (S (NP-SBJ *-2) (VP to (VP do (NP *T*-3)))) , (ADVP-MNR unsuccessfully) , (PP-TMP for (NP weeks))))))))))) .)) (TOP (S (S (NP-SBJ It) (VP is (VP forcing (S (NP-SBJ the Federal Reserve) (VP to (VP ease (NP (NP its grip) (PP on (NP credit))))))))) and (S (NP-SBJ it) (VP took (NP the wind) (ADVP-DIR out (PP of (NP a (ADJP previously irrepressible) dollar))))) .)) (TOP (S (NP-SBJ (NP (NP The resulting decline) (PP-LOC in (NP (NP interest rates) and (NP (NP the value) (PP of (NP the dollar))))))) (VP could (VP reinvigorate (NP (NP American business) -- indeed , (NP the entire economy)))) .)) (TOP (S (NP-SBJ This) (VP may (VP sound (ADJP-PRD strangely optimistic))) .)) (TOP (S (PP After (NP all)) , (PP-TMP until (ADVP (NP a few years) ago)) , (NP-SBJ-1 the stock market) (VP was (VP viewed (NP *-1) (PP-CLR as (NP (NP a barometer) (PP of (NP the national economy)))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ it) (VP went (ADVP-DIR down) (ADVP-TMP *T*-1)))) , (PP by (NP all tradition)) , (NP-SBJ the economy) (VP followed) .)) (TOP (S (NP-SBJ That) (VP has (VP changed , (SBAR-PRP (ADVP partly) because (S (NP-SBJ (NP the two years) (PP-TMP following (NP (NP the worst stock-market plunge) (PP-LOC in (NP history))))) (VP have (VP been (ADJP-PRD reasonably comfortable))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ The 1987 crash) (VP was `` (NP-PRD a false alarm) (SBAR (WHADVP-1 however) (S (NP-SBJ you) (VP view (NP it) (ADVP-MNR *T*-1)))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NAC University (PP of (NP Chicago))) economist Victor Zarnowitz) .)) (TOP (S (NP-SBJ The market) (VP seems (ADJP-PRD increasingly disconnected (PP from (NP (NP the rest) (PP of (NP the nation)))))) .)) (TOP (S (S (NP-SBJ-1 Its spasms) (VP ca n't (VP be (VP traced (NP *-1) (PP-CLR to (NP fundamental business conditions)))))) , nor (SINV do (NP-SBJ-2 they) (VP appear (S (NP-SBJ *-2) (VP to (VP presage (NP (NP major shifts) (PP-LOC in (NP the economy)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The market today) (VP has (NP (NP a life) (PP of (NP its own))))) , '' (NP-SBJ (NP John Akers) , (NP (NP chairman) (PP of (NP International Business Machines Corp.))) ,) (VP said (S *T*-1) (NP-TMP Saturday)) .)) (TOP (S `` (NP-SBJ There) (VP 's (NP-PRD (NP nothing) (ADJP rational (PP about (NP (NP this kind) (PP of (NP action))))))) . '')) (TOP (S (PP Of (NP course)) , (NP-SBJ-1 (NP the health) (PP of (NP the economy))) (VP will (VP be (VP threatened (NP *-1) (SBAR-ADV if (S (NP-SBJ-2 the market) (VP continues (S (NP-SBJ *-2) (VP to (VP dive))) (NP-TMP this week))))))) .)) (TOP (S (NP-SBJ (ADJP Sharply falling) stock prices) (VP do (VP (VP reduce (NP consumer wealth)) , (VP damage (NP business confidence)) and (VP discourage (NP (NP the foreign investors) (SBAR (WHPP-1 upon (WHNP whom)) (S (NP-SBJ the U.S.) (ADVP-TMP now) (VP relies (PP-CLR *T*-1) (PP-PRP for (NP financial sustenance))))))))) .)) (TOP (S (NP-SBJ-1 The financial-services industry) (VP was (VP battered (NP *-1) (PP by (NP-LGS the 1987 crash)))) .)) (TOP (S (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (NP-PRD more)))) , (SBAR-ADV although (S (NP-SBJ the stock market) (VP is (ADJP-PRD (ADJP (ADVP far less) overvalued) (PP *ICH*-2)) (NP-TMP today) (PP-2 than (ADVP (NP two years) ago))))) , (NP-SBJ the U.S. economy) (VP is (ADJP-PRD weaker)) .)) (TOP (S (NP-SBJ Growth) (VP is (ADJP-PRD slower)) .)) (TOP (S (NP-SBJ Profits) (VP are (ADJP-PRD softer)) .)) (TOP (S (NP-SBJ Debt burdens) (VP are (ADJP-PRD heavier)) .)) (TOP (S But (SBAR-ADV if (S (NP-SBJ-1 the stock market) (VP does n't (VP continue (S (NP-SBJ *-1) (VP to (VP plummet))))))) , (NP-SBJ (NP the beneficial effects) (PP of (NP (NP lower interest rates) and (NP a lower dollar)))) (VP may (ADVP well) (VP dominate)) .)) (TOP (S (NP-SBJ-3 (NP The Fed) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (PP-TMP until (NP Friday)) (VP had (VP been (VP resisting (NP (NP moves) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP ease (NP credit))))))))))) ,) (VP is (ADVP-TMP now) (VP poised (S (NP-SBJ *-3) (VP to (VP pour (NP money) (PP-DIR into (NP the economy)) (SBAR-ADV if (S (NP-SBJ-4 *) (VP needed (NP-5 *-4) (S-CLR (NP-SBJ *-5) (VP to (VP soothe (NP the markets)))))))))))) .)) (TOP (S (NP-SBJ Fed officials) (VP may (VP protest (SBAR that (S (NP-SBJ this) (VP does n't (ADVP necessarily) (VP mean (NP (NP a fundamental change) (PP-LOC in (NP their interest-rate policies))))))))) .)) (TOP (S But (NP-SBJ (NP the experience) (PP of (NP the 1987 crash))) (VP suggests (SBAR 0 (S (NP-SBJ-1 the Fed) (VP is (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP bring (ADVP-DIR down) (NP short-term interest rates) (PP-LOC in (NP its effort (S (NP-SBJ *) (VP to (VP calm (NP markets)))))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Anticipating (NP (NP the Fed 's) move))) , (NP-SBJ-1 money traders) (VP lowered (NP (NP a key interest rate) (VP known (NP *) (PP-CLR as (NP the Federal Funds rate)))) (PP-DIR to (NP (NP 8.625 %) (ADVP *ICH*-2))) (NP-TMP late Friday) , (ADVP-2 down (PP from (NP (NP 8.820 %) (NP-TMP (NP the day) (ADVP-TMP before)))))) .)) (TOP (S (NP-SBJ (NP Tiny movements) (PP-LOC in (NP (NP the rate) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (SBAR-PRD (WHNP-3 what) (S (NP-SBJ banks) (VP charge (NP (NP each) (ADJP other)) (NP *T*-3) (PP-PRP for (NP overnight loans))))))))))) , (VP are (ADVP-TMP usually) (PP-LOC-PRD among (NP (NP the few visible tracks) (SBAR (WHNP-2 that) (S (NP-SBJ the Fed) (VP leaves (NP *T*-2) (PP-LOC-CLR on (NP the monetary markets)))))))) .)) (TOP (S (NP-SBJ-2 The dollar) (ADVP also) (VP began (S (NP-SBJ *-2) (VP to (VP decline))) (NP-TMP Friday) (SBAR-TMP as (S (NP-SBJ (NP the stock market 's) plunge) (VP caused (S (NP-SBJ some investors) (VP to (VP reassess (NP their desire (S (NP-SBJ *) (VP to (VP invest (PP-CLR in (NP the U.S))))))))))))) .)) (TOP (S (NP-SBJ Treasury officials) (VP have (VP been (VP arguing (PP-TMP for (NP months)) (SBAR that (S (NP-SBJ-2 (NP the dollar 's) strength) (VP was (ADVP-PRD out (PP of (NP (NP whack) (PP with (NP economic fundamentals))))) , (S-ADV (NP-SBJ-3 *-2) (VP threatening (S (NP-SBJ *-3) (VP to (VP extinguish (NP (NP the export boom) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP has (VP sustained (NP manufacturers) (PP-TMP for (NP several years)))))))))))))))))) .)) (TOP (S (NP-SBJ The market drop) (VP has (ADVP-TMP now) (ADVP apparently) (VP convinced (NP foreign investors) (SBAR that (S (NP-SBJ the Treasury) (VP was (ADJP-PRD right) (PP about (NP the overpriced dollar))))))) .)) (TOP (S (NP-SBJ-1 (NP A modest drop) (PP-LOC in (NP the dollar)) (PRN -- (S (FRAG (NP only a modest one)) , (NP-SBJ *) (VP mind (NP you))) --)) (VP would (VP be (VP welcomed (NP *-1) (PP by (NP-LGS the U.S.))))) .)) (TOP (S (NP-SBJ That) (VP was n't (NP-PRD the case) (PP-TMP in (NP (NP 1987) , (SBAR (WHADVP-1 when) (S (NP-SBJ the dollar) (VP was (ADJP-PRD (ADJP so weak) (SBAR that (S (NP-SBJ some (NX (NX economists) and (NX government officials))) (VP (ADVP-MNR seriously) worried (SBAR that (S (NP-SBJ it) (VP might (VP collapse) , (S-ADV (NP-SBJ *) (VP (VP producing (NP (NP panic) (PP-LOC among (NP foreign investors)))) and (VP diminishing (NP (NP the flow) (PP of (NP foreign capital)) (PP to (NP the U.S.))))))))))))) (ADVP-TMP *T*-1))))))) .)) (TOP (S (NP-SBJ (NP Another big difference) (PP between (NP 1987 and 1989))) (VP is n't (ADJP-PRD so comforting)) .)) (TOP (S (PP-TMP In (NP (NP the third quarter) (PP of (NP 1987)))) , (NP-SBJ the economy) (VP spurted (PP at (NP (NP an inflation-adjusted annual rate) (PP of (NP 5.3 %))))) .)) (TOP (S (NP-SBJ (NP The consensus) (PP-LOC among (NP economists))) (VP is (SBAR-PRD that (S (NP-SBJ it) (VP grew (NP-EXT a (ADJP much more sluggish) 2.3 %) (PP-TMP in (NP (NP (NP the third quarter) (PP of (NP 1989))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP ended (ADVP-TMP (NP two weeks) ago)))))))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ (NP The plunge) (PP-LOC in (NP stock prices))) `` (VP is (VP happening (PP-TMP at (NP (NP a time) (SBAR (WHADVP-1 when) (S (NP-SBJ the economy) (VP has (ADVP-TMP already) (VP slowed (ADVP-CLR down) (ADVP-TMP *T*-1)))))))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP economist Lawrence Chimerine) (PP of (NP (NP WEFA Group) , (NP a (NAC-LOC Bala Cynwyd , Pa. ,) forecasting company)))) .)) (TOP (S `` (NP-SBJ (NP A lot) (PP of (NP pent-up demand))) (VP is (VP gone)) . '')) (TOP (SINV (S-TPC-1 (NP-SBJ Consumer spending) (VP did (VP drop (PP-TMP in (NP (NP the months) (PP-TMP following (NP Black Monday 1987)))) (PRN -- `` but (UCP (ADVP only slightly) and (PP-TMP for (NP (NP a short period) (PP of (NP time))))))))) , '' (VP recalls (SBAR 0 (S *T*-1))) (NP-SBJ (NP Mr. Zarnowitz) , (NP (NP a longtime student) (PP of (NP business cycles)))) .)) (TOP (S `` (NP-SBJ-1 That) (VP was (VP offset (NP *-1) (PP by (NP-LGS (NP strength) (ADVP-LOC elsewhere))))) .)) (TOP (S -LCB- (NP-SBJ The effects) -RCB- (VP were (ADJP-PRD (ADJP (ADJP (ADVP much less) severe) and (ADJP less prolonged)) (SBAR than (S (NP-SBJ some) (VP had (VP feared or expected (SBAR 0 (S *?*)))))))) .)) (TOP (S-1 '' (NP-TMP Today) (PRN , (S (NP-SBJ he) (VP frets (S *T*-1))) ,) (NP-SBJ-2 (NP exports) and (NP business investment spending)) (VP may (VP be (ADJP-PRD insufficient (S (NP-SBJ *-2) (VP to (VP pick (PRT up) (NP the slack))))) (SBAR-ADV (SBAR if (S (NP-SBJ stock prices) (VP sink (NP-TMP this week)))) and (SBAR if (S (NP-SBJ consumers) (VP retrench (PP in (NP reaction)))))))) .)) (TOP (S (SBAR-ADV (WHNP-1 What) (S (NP-SBJ *T*-1) (VP 's (NP-PRD more)))) , (NP-SBJ the corporate borrowing binge) (VP has n't (VP abated (PP-TMP in (NP the past two years)))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ We) (VP 've (VP had (NP (NP two more years) (PP of (NP (NP significant accumulation) (PP of (NP debt))))) ... (PP-TMP (ADVP just) at (NP (NP the time) (SBAR (WHADVP-3 when) (S (NP-SBJ-1 earnings) (VP are (VP being (VP squeezed (NP *-1) (ADVP-TMP *T*-3))))))))))) , '' (NP-SBJ Mr. Chimerine) (VP notes (S *T*-2)) .)) (TOP (X (S (X (SBAR (X The more) (S (NP-SBJ a company) (VP relies (PP-CLR on (NP borrowed money)))))) , (X (X the greater) (NP (NP its sensitivity) (PP to (NP an economic slowdown)))) .))) (TOP (S (S (NP-SBJ (NP A company) (PP with (NP a strong balance sheet))) (VP can (VP withstand (NP an unanticipated storm)))) ; (S (NP-SBJ a (ADJP highly leveraged) company) (VP may (VP end (PRT up) (PP-LOC-CLR in (NP bankruptcy court))))) .)) (TOP (UCP (S (NP-SBJ The Fed) , (PP of (NP course)) , (VP knows (NP that) (ADVP-MNR very well))) -- (ADVP hence) (NP its readiness (S (NP-SBJ *) (VP to (VP pump (NP credit) (PP-DIR into (NP the economy)) (NP-TMP this morning))))) .)) (TOP (S But , (PP-LOC in (NP the process)) , (NP-SBJ-1 the Fed) (VP risks (S (NP-SBJ *-1) (VP reigniting (NP inflation)))) .)) (TOP (S (PP-TMP (ADVP Even) before (NP (NP Friday 's) events)) , (NP-SBJ Harvard University economist Benjamin Friedman) (VP was (VP arguing (SBAR that (S (NP-SBJ-1 the Fed) (VP wo n't (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP live (PRT up) (PP-CLR to (NP (NP its tough words) (PP on (S-NOM (NP-SBJ *) (VP eliminating (NP inflation)))))) (PP-PRP because of (NP its responsibility (S (NP-SBJ *) (VP to (VP protect (NP (NP fragile financial markets) , (NP banks) and (NP (ADJP highly leveraged) corporations))))))))))))))))) .)) (TOP (S (S (S-TPC-1 (NP-SBJ (NP The biggest threat) (PP-LOC on (NP the economic horizon)) (ADVP-TMP right now)) (VP is n't (NP-PRD recession))) , (NP-SBJ he) (VP reasons (SBAR 0 (S *T*-1)))) ; (S (NP-SBJ it) (VP 's (NP-PRD (NP an outbreak) (PP of (NP uncontrolled inflation))))) .)) (TOP (S-1 (PP-TMP In (NP the end)) (PRN , (S (NP-SBJ the 1987 collapse) (VP suggested (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the economy) (VP does n't (VP move (PP in (NP (NP lockstep) (PP with (NP stock prices)))))) .)) (TOP (S (NP-SBJ The economy) (VP does , (ADVP however) , (VP depend (PP-CLR on (NP (NP the confidence) (PP of (NP (NP businesses) , (NP consumers) and (NP foreign investors))))))) .)) (TOP (S (NP-SBJ (NP A panic) (PP-LOC on (NP Wall Street))) (VP does n't (ADVP exactly) (VP inspire (NP confidence))) .)) (TOP (S (NP-SBJ Surveys) (VP suggested (SBAR that (S (NP-SBJ consumer confidence) (VP was (ADJP-PRD high) (PP-TMP before (NP Friday)))))) .)) (TOP (S (S (NP-SBJ-1 A 190-point drop) (VP is n't (ADJP-PRD likely (S (NP-SBJ *-1) (VP to (VP make (NP (NP much) (PP of (NP a dent))))))))) ; (S (S (NP-SBJ *) (VP multiply (NP that) (ADVP (NP a few times) over))) , (ADVP though) , and (S (NP-SBJ it) (VP will (VP *?*)))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ (NP the reactions) (PP of (NP (NP executives) (VP gathered (NP *) (NP-TMP Saturday) (PP-LOC at (NP (NP Hot Springs) , (NP Va.) ,)) (PP-PRP for (NP the Business Council meetings)))))) (VP are (ADJP-PRD typical)))) , (NP-SBJ-1 business leaders) (VP were n't (VP (ADVP overly) rattled (NP *-1) (PP by (NP-LGS (NP Friday 's) decline)))) .)) (TOP (S And (SBAR-ADV if (S (NP-SBJ foreign investors) (VP become (ADJP-PRD (ADVP (NP a tad) more) cautious)))) -- (ADVP well) , (NP-SBJ (NP the dollar 's) recent strength) (VP suggests (SBAR that (S (NP-SBJ the U.S.) (VP can (VP stand (NP it)))))) .)) (TOP (S (PP-LOC On (NP the bottom line)) , (NP-SBJ (NP the (ADJP most comforting) fact) (PP for (NP the economic outlook))) (VP is (SBAR-PRD that (S (NP-SBJ we) (VP 've (VP been (PP-PRD through (NP this)) (ADVP-TMP before)))))) .)) (TOP (S (ADVP-TMP (NP Two years) ago) , (NP-SBJ (NP about the only point) (PP of (NP comparison))) (VP was (NP-PRD (NP the 1929 crash) and (NP the subsequent Depression))) .)) (TOP (S (NP-SBJ The doomsayers) (VP had (NP a receptive audience)) .)) (TOP (S (NP-SBJ (NP The prosperity) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP followed (NP Black Monday))))) (VP permits (NP a (ADJP more optimistic) view) (NP-TMP today)) .)) (TOP (S (PP At (NP the (ADJP very least))) , (NP-SBJ (NP the establishment) (ADVP-LOC here)) (VP is (VP taking (NP comfort) (PP-CLR from (NP (NP (NP the nation 's) success) (PP-LOC in (S-NOM (NP-SBJ *) (VP handling (NP the last go-around)))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ (NP Sen. Lloyd Bentsen) (PRN -LRB- (NP D.) , (NP-LOC Texas) -RRB-)) (VP observed (NP-TMP yesterday)))) , `` (NP-SBJ The Fed) (VP avoided (NP a meltdown) (NP-TMP last time)) .)) (TOP (S (NP-SBJ They) (VP are (ADJP-PRD more sophisticated) (NP-TMP this time)) .)) (TOP (S (NP-SBJ-1 The chemical industry) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP report (SBAR that (S (NP-SBJ profits) (VP eroded (PP-TMP in (NP the third quarter)) (PP-PRP because of (NP (NP skidding prices) (PP-LOC in (NP (NP the commodity end) (PP of (NP the business)))))))))))))) .)) (TOP (S (NP-SBJ (NP Producers) (PP of (NP (NP commodity chemicals) , (NP (NP the basic chemicals) (VP produced (NP *) (PP in (NP huge volumes)) (PP-PRP for (NP other manufacturers)))) ,))) (VP have (VP seen (NP (NP sharp inventory cutting) (PP by (NP buyers))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (NP-PRD (NP Once the chief beneficiaries) (PP of (NP (NP the industry 's) (ADJP now fading) boom)))) , (NP-SBJ-1 these producers) (ADVP also) (VP will (VP be (VP reporting (PP against (NP (NP (ADJP exceptionally strong) performances) (PP-TMP in (NP the 1988 third quarter))))))) .)) (TOP (SINV `` (S-TPC-1 (PP For (NP (NP some) (PP of (NP these companies)))) , (NP-SBJ this) (VP will (VP be (NP-PRD (NP the first quarter) (PP with (NP year-to-year negative comparisons)))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Leonard Bogner) , (NP (NP a chemical industry analyst) (PP-LOC at (NP Prudential Bache Research)))) .)) (TOP (S `` (NP-SBJ This) (VP could (VP be (NP-PRD (NP the first) (PP of (NP (QP five or six) down quarters))))) . '')) (TOP (S (S-ADV (NP-SBJ *) (ADVP Perhaps) (ADJP-PRD most prominent)) , (NP-SBJ-2 (NP Dow Chemical Co.) , (SBAR (WHNP-1 which) (S (PP-TMP as (PP of (NP midyear))) (NP-SBJ *T*-1) (VP had (VP racked (PRT up) (NP eight consecutive record quarters))))) ,) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP report (SBAR that (S (NP-SBJ profit) (VP decreased (PP-TMP in (NP the latest quarter)) (PP-DIR from (ADVP-TMP (NP a year) earlier)) , (SBAR-ADV if only (FRAG (PP by (NP a shade)))))))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ Dow) (VP has (VP (ADVP-MNR aggressively) diversified (PP-DIR into (NP (NP specialty chemicals) and (NP pharmaceuticals))))))) , (NP-SBJ the company) (ADVP-TMP still) (VP has (NP (NP a big stake) (PP-LOC in (NP (NP polyethylene) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP is (VP used (NP *-1) (PP-LOC in (NP packaging and housewares)))))))))) .)) (TOP (S (NP-SBJ (NP (NP Analysts ') third-quarter estimates) (PP for (NP the (NAC-LOC Midland , Mich. ,) company))) (VP are (PP-PRD between (NP (NP (NP $ 3.20 *U*) (NP-ADV a share)) and (NP (NP $ 3.30 *U*) (NP-ADV a share)))) , (PP compared (PP with (NP (NP $ 3.36 *U*) (ADVP-TMP (ADVP (NP a year) ago) , (SBAR (WHADVP-1 when) (S (NP-SBJ profit) (VP was (NP-PRD (QP $ 632 million) *U*) (PP on (NP (NP sales) (PP of (NP (QP $ 4.15 billion) *U*)))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ-1 A Dow spokeswoman) (VP declined (S (NP-SBJ *-1) (VP to (VP comment (PP-CLR on (NP the estimates)))))) .)) (TOP (S (PP-LOC At (NP (NP the investment firm) (PP of (NP Smith Barney , Harris Upham & Co.)))) , (NP-SBJ-1 the commodity-chemical segment) (VP is (VP seen (S (NP-SBJ *-1) (VP pulling (ADVP-DIR down) (NP (NP overall profit) (PP for (NP (NP 20 companies) (ADJP representative (PP of (NP the whole industry)))))) (PP-EXT by (NP (QP 8 % to 10 %) *U*)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ You) (VP will (VP find (S (S (NP-SBJ the commodities) (ADJP-PRD off (ADVP (ADVP more) (PP than (NP the others))))) and (S (NP-SBJ the diversified companies) (ADJP-PRD (ADJP about even) or (ADJP slightly better))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP James Wilbur) , (NP a Smith Barney analyst)) .)) (TOP (S (NP-SBJ First Boston Corp.) (VP projects (SBAR that (S (NP-SBJ (NP 10) (PP of (NP (NP the 15 companies) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP follows (NP *T*-1))))))) (VP will (VP report (NP lower profit)))))) .)) (TOP (S (NP-SBJ (NP Most) (PP of (NP the 10))) (VP have (NP big commodity-chemical operations)) .)) (TOP (S (ADVP Still) , (NP-SBJ-1 some industry giants) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP report (NP continuing gains)))) , (SBAR-PRP (ADVP largely) because (S (NP-SBJ (NP so much) (PP of (NP their business))) (VP is (PP-LOC-PRD outside (NP commodity chemicals))))))) .)) (TOP (S (NP-SBJ-4 Du Pont Co.) (VP is (VP thought (S (NP-SBJ *-4) (VP to (VP have (VP had (NP (NP steady profit growth) (PP-LOC in (NP (NP white pigments) , (NP fibers) and (NP polymers)))))))))) .)) (TOP (S (ADVP Moreover) , (NP-SBJ-1 the (NAC-LOC Wilmington , Del. ,) company) (VP is (VP helped (NP *-1) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ (NP prices) (PP-LOC *ICH*-3)) (VP weaken (PP-LOC-3 on (NP (NP the commodity chemicals) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP buys (NP *T*-2) (PP-PRP for (NP (NP its own production needs) , (PP such as (NP ethylene))))))))) (ADVP-TMP *T*-4)))))) .)) (TOP (S (NP-SBJ-5 Analysts) (VP are (VP divided (NP *-5) (PP over (SBAR whether (S (NP-SBJ Du Pont) (VP will (VP report (NP (NP (NP much) (PP of (NP (NP a gain) (PP *ICH*-1)))) (PP-TMP in (NP the latest quarter)) (PP-1 from (NP its Conoco Inc. oil company)))))))))) .)) (TOP (S (NP-SBJ (NP The estimates) (PP for (NP Du Pont))) (VP range (PP-DIR from (NP (NP (QP $ 2.25 to $ 2.45) *U*) (NP-ADV a share)))) .)) (TOP (S (PP-TMP In (NP the 1988 third quarter)) , (NP-SBJ the company) (VP earned (NP (NP (QP $ 461 million) *U*) , or (NP (NP $ 1.91 *U*) (NP-ADV a share))) , (PP on (NP (NP sales) (PP of (NP (QP $ 7.99 billion) *U*))))) .)) (TOP (S (NP-SBJ-1 Du Pont) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ-2 Monsanto Co.) , (ADVP too) , (VP is (VP expected (S (NP-SBJ-3 *-2) (VP to (VP continue (S (NP-SBJ *-3) (VP reporting (NP higher profit)))))) , (SBAR-ADV even though (S (NP-SBJ-1 (NP its sales) (PP of (NP crop chemicals))) (VP were (VP hurt (NP *-1) (PP-TMP in (NP the latest quarter)) (PP by (NP-LGS (NP drought) (PP-LOC in (NP (NP northern Europe) and (NP the western U.S.))))))))))) .)) (TOP (S (NP-SBJ-1 The (ADJP St. Louis-based) company) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP report (ADVP-TMP again) (SBAR that (S (NP-SBJ (NP losses) (PP-TMP in (NP its (NP G.D. Searle & Co. pharmaceutical business)))) (VP are (VP narrowing))))))))) .)) (TOP (S (S (NP-SBJ-1 Searle) (VP continued (S (NP-SBJ *-1) (VP to (VP operate (PP-LOC in (NP the red))))) (PP-TMP through (NP (NP the first half) (PP of (NP the year)))))) , but (S (NP-SBJ Monsanto) (VP has (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ Searle) (VP to (VP post (NP (NP a profit) (PP for (NP (NP all) (PP of (NP 1989)))))))))))))) .)) (TOP (S (NP-SBJ (NP Most estimates) (PP for (NP Monsanto))) (VP run (PP-LOC between (NP (NP (QP $ 1.70 and $ 2) *U*) (NP-ADV a share)))) .)) (TOP (S (ADVP-TMP (NP A year) ago) , (NP-SBJ the company) (VP posted (NP (NP (NP third-quarter profit) (PP of (NP (NP (QP $ 116 million) *U*) , or (NP (NP $ 1.67 *U*) (NP-ADV a share))))) , (PP on (NP (NP sales) (PP of (NP (QP $ 2.02 billion) *U*)))))) .)) (TOP (S (NP-SBJ-1 Monsanto) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S But (NP-SBJ-1 the commodity-chemical producers) (VP are (VP caught (NP *-1) (PP-LOC-CLR on (NP (NP the downside) (PP of (NP a pricing cycle)))))) .)) (TOP (S (PP By (NP (NP some accounts) (PP-LOC (PP on (NP Wall Street)) and (PP in (NP the industry))))) , (NP-SBJ the inventory reductions) (VP are (PP-LOC-PRD near (NP an end)) , (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP may (VP presage (NP firmer demand)))))) .)) (TOP (S But (NP-SBJ doubters) (VP say (SBAR 0 (S (NP-SBJ growing production capacity) (VP could (VP keep (NP pressure) (PP-LOC-CLR on (NP prices)) (PP-TMP into (NP the early 1990s))))))) .)) (TOP (S (PP-TMP In (NP the latest quarter)) , (ADVP at least) , (NP-SBJ-1 profit) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP fall (ADVP-MNR sharply)))))) .)) (TOP (SINV (PP For (NP Himont Inc.)) , `` (S-TPC-3 (SBAR-TPC-2 (WHADJP-1 (WHADVP how far) down) (S (NP-SBJ it) (VP is (ADJP-PRD *T*-1)))) , (NP-SBJ we) (VP do n't (VP know (SBAR *T*-2)))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Leslie Ravitz) (PP-LOC at (NP Salomon Brothers))) .)) (TOP (S (NP-SBJ The projections) (VP are (PP-LOC-PRD in (NP (NP the neighborhood) (PP of (NP (NP (NP (NP 50 cents) (NAC *ICH*-1)) (NP-ADV a share) (NAC-1 to (NP 75 cents))) , (PP compared (PP with (NP (NP (NP a restated $ 1.65 *U*) (NP-ADV a share)) (ADVP-TMP (ADVP (NP a year) earlier) , (SBAR (WHADVP when) (S (NP-SBJ profit) (VP was (NP-PRD (QP $ 107.8 million) *U*) (PP on (NP (NP sales) (PP of (NP (QP $ 435.5 million) *U*)))))))))))))))) .)) (TOP (S (NP-SBJ Himont) (VP faces (NP (NP lower prices) (PP for (NP (NP its mainstay product) , (NP polypropylene)))) , (SBAR-TMP while (S (NP-SBJ it) (VP goes (ADVP-DIR forward) (PP-CLR with (NP (NP a heavy capital investment program) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP (VP bolster (NP its raw material supply)) and (VP develop (NP (NP new uses) (PP for (NP (NP polypropylene) , (SBAR (WHNP-1 whose markets) (S (NP-SBJ *T*-1) (VP include (NP the packaging and automobile industries)))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The company) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Wilmington) , (NP Del.)))) ,) (VP is (ADJP-PRD 81%-owned (PP by (NP (NP Montedison S.p . A.) , (NP-LOC Milan) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP an offer) (ADJP outstanding) (PP for (NP (NP the Himont shares) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP does n't (ADVP-TMP already) (VP own (NP *T*-2))))))))))))))) .)) (TOP (S (PP-LOC At (NP (NP Quantum Chemical Corp.) , (NP-LOC New York) ,)) (NP-SBJ the trouble) (VP is (NP-PRD (NP (NP lower prices) (PP for (NP polyethylene))) , (NP higher debt costs) and (NP (NP (NP the idling) (PP of (NP an important plant))) (ADVP-PRP due (PP to (NP an explosion)))))) .)) (TOP (S (NP-SBJ Some analysts) (VP hedge (NP (NP their estimates) (PP for (NP Quantum))) , (SBAR-PRP because (S (NP-SBJ-1 (NP it) (SBAR *EXP*-3)) (VP is n't (VP known (NP *-1) (SBAR-3 (WHADVP-2 when) (S (NP-SBJ the company) (VP will (VP book (NP certain one-time charges) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S But (NP-SBJ the estimates) (VP range (PP-DIR (PP from (NP break-even)) (PP to (NP (NP 35 cents) (NP-ADV a share))))) .)) (TOP (S (PP-TMP In (NP the 1988 third quarter)) , (NP-SBJ Quantum) (VP earned (NP (NP (QP $ 99.8 million) *U*) , or (NP (NP $ 3.92 *U*) (NP-ADV a share)) ,) (PP on (NP (NP sales) (PP of (NP (QP $ 724.4 million) *U*))))) .)) (TOP (S (NP-SBJ-1 (NP Another big polyethylene producer) , (NP Union Carbide Corp.) ,) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP post (NP (NP (NP profit) (PP of (PP between (NP (NP (NP $ 1 *U*) (NP-ADV a share)) and (NP $ 1.25 *U*))))) , (PP compared (PP with (NP (NP (NP $ 1.56 *U*) (NP-ADV a share)) (ADVP (ADVP (NP a year) earlier) , (SBAR (WHADVP-2 when) (S (NP-SBJ the company) (VP earned (NP (QP $ 213 million) *U*) (PP on (NP (NP sales) (PP of (NP (QP $ 2.11 billion) *U*)))) (ADVP-TMP *T*-2)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Himont) , (NP Quantum) and (NP Union Carbide)) all (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ The following) (VP were (PP-LOC-PRD among (NP (NP (NP Friday 's) offerings and pricings) (PP-LOC in (NP the (UCP U.S. and non-U.S.) capital markets)))) , (PP with (NP (NP terms) and (NP syndicate manager))) , (SBAR-ADV as (S (NP-SBJ-1 *) (VP compiled (NP *-1) (PP by (NP-LGS Dow Jones Capital Markets Report)))))) :)) (TOP (NP-HLN Dow Chemical Co. --)) (TOP (NP (NP (NP (QP $ 150 million) *U*) (PP of (NP (ADJP 8.55 %) senior notes))) (ADJP due (NP-TMP Oct. 15 , 2009)) , (VP priced (NP *) (PP-CLR at (NP par))) .)) (TOP (S (NP-SBJ-1 (NP The issue) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP is (ADJP-PRD puttable back (PP to (NP the company)) (PP at (NP par)) (PP-TMP on (NP Oct. 15 , 1999)))))) ,) (VP was (VP priced (NP *-1) (PP-CLR at (NP (NP a spread) (PP of (PP (NP 50 basis points) above (NP (NP the Treasury 's) 10-year note))))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP (VP Rated (S (NP-SBJ *-1) (ADJP-PRD-3 single-A-1)) (PP-4 by (NP-LGS (NP Moody 's) Investors Service Inc.))) and (VP (ADJP-PRD=3 single-A) (PP=4 by (NP-LGS (NP Standard & Poor 's) Corp.))))) , (NP-SBJ-2 the non-callable issue) (VP will (VP be (VP sold (NP *-2) (PP through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Merrill Lynch Capital Markets)))))))) .)) (TOP (NP-HLN Centel Capital Corp. --)) (TOP (NP (NP (NP (QP $ 150 million) *U*) (PP of (NP (ADJP 9 %) debentures))) (ADJP due (NP-TMP Oct. 15 , 2019)) , (VP priced (NP-1 *) (PP-CLR at (NP 99.943)) (S-CLR (NP-SBJ *-1) (VP to (VP yield (NP 9.008 %))))) .)) (TOP (S (NP-SBJ-1 (NP The non-callable issue) , (SBAR (WHNP-3 which) (S (NP-SBJ-2 *T*-3) (VP can (VP be (VP put (NP *-2) (ADVP-DIR back (PP to (NP the company))) (PP-TMP in (NP 1999))))))) ,) (VP was (VP priced (NP *-1) (PP-CLR at (PP (NP 99 basis points) above (NP (NP the Treasury 's) 10-year note))))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP (VP Rated (S (NP-SBJ *-1) (ADJP-PRD-3 Baa-1)) (PP-4 by (NP-LGS Moody 's))) and (VP (ADJP-PRD=3 triple-B-plus) (PP=4 by (NP-LGS S&P))))) , (NP-SBJ-2 the issue) (VP will (VP be (VP sold (NP *-2) (PP through (NP (NP underwriters) (VP led (NP *) (PP by (NP-LGS Morgan Stanley & Co)))))))) .)) (TOP (NP-HLN Federal Home Loan Mortgage Corp. --)) (TOP (NP (NP (NP (QP $ 500 million) *U*) (PP of (NP Remic mortgage securities))) (VP offered (NP *) (PP-LOC in (NP 13 classes)) (PP by (NP-LGS Prudential-Bache Securities Inc))) .)) (TOP (S (NP-SBJ-1 (NP The offering) , (NP Series 102) ,) (S-ADV (NP-SBJ-2 *-1) (VP backed (NP *-2) (PP by (NP-LGS Freddie Mac (ADJP 8 1/2 %) securities)) (PP with (NP (NP a weighted average remaining term) (PP to (NP maturity)) (PP of (NP 28.4 years)))))) , (VP was (VP priced (NP *-1) (PP-TMP before (NP (NP the market 's) afternoon surge)))) .)) (TOP (S (PP-LOC Among (NP (NP classes) (SBAR (WHPP-1 for (WHNP which)) (S (NP-SBJ details) (VP were (ADJP-PRD available) (PP *T*-1)))))) , (NP-SBJ yields) (VP ranged (PP-DIR (PP from (UCP (NP 8.78 %) , or (PP (NP 75 basis points) over (NP two-year Treasury securities)) ,)) (PP to (UCP (NP 10.05 %) , or (PP (NP 200 basis points) over (NP 10-year Treasurys)))))) .)) (TOP (NP-HLN Federal Home Loan Mortgage Corp. --)) (TOP (NP (NP (QP $ 300 million) *U*) (PP of (NP Remic mortgage securities)) (VP offered (NP *) (PP by (NP-LGS Citicorp Securities Markets Inc))) .)) (TOP (S (NP-SBJ-1 (NP The offering) , (NP Series 101) ,) (VP is (VP backed (NP *-1) (PP by (NP-LGS Freddie Mac (ADJP 9 1/2 %) securities)))) .)) (TOP (S (NP-SBJ Pricing details) (VP were n't (ADJP-PRD immediately available)) .)) (TOP (NP-HLN Federal Home Loan Mortgage Corp. --)) (TOP (NP (NP (QP $ 200 million) *U*) (PP of (NP (NP stripped mortgage securities) (VP underwritten (NP *) (PP by (NP-LGS BT Securities Corp))))) .)) (TOP (S (NP-SBJ-2 (NP The agency 's) first strips issue) , (VP collateralized (NP *) (PP by (NP-LGS (NP Freddie Mac (ADJP 8 %) securities) (VP pooled (NP *) (PP-CLR into (NP (NP a single security) (VP called (S (NP-SBJ *) (NP-PRD a Giant))))))))) , (VP will (VP be (VP divided (NP *-2) (PP-CLR into (NP (ADJP interest-only and principal-only) securities))))) .)) (TOP (S (NP-SBJ-2 The collateral) (VP is (VP being (VP sold (NP *-2) (PP by (NP-LGS a thrift institution))))) .)) (TOP (S (NP-SBJ-1 The principal-only securities) (VP will (VP be (VP repackaged (NP *-1) (PP by (NP-LGS BT Securities)) (PP-CLR into (NP (NP a Freddie Mac Remic) , (NP Series 103) , (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP will (VP have (NP six classes)))))))))) .)) (TOP (S (NP-SBJ-1 The interest-only securities) (VP will (VP be (VP sold (NP *-1) (ADVP-MNR separately) (PP by (NP-LGS BT Securities))))) .)) (TOP (S (NP-SBJ The principal-only securities) (VP pay (NP the principal) (PP from (NP the underlying Freddie Mac (ADJP 8 %) securities)) , (SBAR-ADV while (S (NP-SBJ the interest-only securities) (VP pay (NP only interest))))) .)) (TOP (S (NP-SBJ Freddie Mac) (VP said (SBAR 0 (S (NP-SBJ-1 the principal-only securities) (VP were (VP priced (NP-2 *-1) (PP-CLR at (NP (QP 58 1/4))) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 8.45 %)))))))) , (PP assuming (NP (NP (NP an average life) (PP of (NP eight years))) and (NP (NP a prepayment) (PP of (NP (NP 160 %) (PP of (NP the PSA model)))))))) .)) (TOP (S (NP-SBJ-1 The interest-only securities) (VP were (VP priced (NP-2 *-1) (PP-CLR at (NP (QP 35 1/2))) (S-CLR (NP-SBJ *-2) (VP to (VP yield (NP 10.72 %)))))) .)) (TOP (S (NP-SBJ There) (VP were (NP-PRD no major Eurobond or foreign bond offerings) (PP-LOC in (NP Europe)) (NP-TMP Friday)) .)) (TOP (S (NP-SBJ-1 (NP The economy 's) temperature) (VP will (VP be (VP taken (NP *-1) (PP-CLR from (NP several vantage points)) (NP-TMP this week) , (PP with (NP (NP readings) (PP on (NP (NP trade) , (NP output) , (NP housing) and (NP inflation)))))))) .)) (TOP (S (NP-SBJ The (ADJP most troublesome) report) (VP may (VP be (NP-PRD (NP the August merchandise trade deficit) (ADJP due (ADVP out) (NP-TMP tomorrow))))) .)) (TOP (S (NP-SBJ-1 The trade gap) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP widen (PP-DIR to (NP (QP about $ 9 billion) *U*)) (PP-DIR from (NP (NP July 's) (QP $ 7.6 billion) *U*))))) , (PP according (PP to (NP (NP a survey) (PP by (NP (NP MMS International) , (NP (NP a unit) (PP of (NP (NP McGraw-Hill Inc.) , (NP New York))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Thursday 's) report) (PP on (NP the September consumer price index))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP rise , (SBAR-ADV although (ADVP (ADVP not as sharply) (PP as (NP (NP the (ADJP 0.9 %) gain) (VP reported (NP *) (NP-TMP Friday) (PP-LOC in (NP the producer price index)))))))))))) .)) (TOP (S (NP-SBJ-1 That gain) (VP was (VP being (VP cited (NP *-1) (PP-CLR as (NP (NP a reason) (SBAR (WHADVP-3 0) (S (NP-SBJ the stock market) (VP was (ADVP-PRD down) (ADVP-TMP early (PP in (NP (NP Friday 's) session))) , (SBAR-TMP before (S (NP-SBJ-2 it) (VP got (S (NP-SBJ *-2) (VP started (NP *-2) (PP-CLR on (NP its reckless 190-point plunge))))))) (ADVP-PRP *T*-3))))))))) .)) (TOP (S (NP-SBJ-1 Economists) (VP are (VP divided (NP *-1) (PP as (PP to (SBAR (WHNP-3 (WHADVP how much) manufacturing strength) (S (NP-SBJ-2 they) (VP expect (S (NP-SBJ *-2) (VP to (VP see (NP *T*-3) (PP-LOC in (NP (NP (NP September reports) (PP on (NP (NP industrial production) and (NP capacity utilization)))) , (ADJP (ADVP also) due (NP-TMP tomorrow)))))))))))))) .)) (TOP (S (ADVP Meanwhile) , (NP-SBJ (NP September housing starts) , (ADJP due (NP Wednesday)) ,) (VP are (VP thought (S (NP-SBJ *) (VP to (VP have (VP inched (ADVP upward))))))) .)) (TOP (SINV (S-TPC-1 `` (NP-SBJ There) (VP 's (NP-PRD (NP a possibility) (PP of (NP (NP a surprise) '' (PP-LOC in (NP the trade report))))))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Michael Englund) , (NP (NP director) (PP of (NP research)) (PP at (NP MMS)))) .)) (TOP (S (S (NP-SBJ (NP A widening) (PP of (NP the deficit))) , (SBAR-ADV if (S (NP-SBJ-1 it) (VP were (VP combined (NP *-1) (PP-CLR with (NP a (ADJP stubbornly strong) dollar)))))) , (VP would (VP exacerbate (NP trade problems))) --) but (S (NP-SBJ the dollar) (VP weakened (NP-TMP Friday) (SBAR-TMP as (S (NP-SBJ stocks) (VP plummeted))))) .)) (TOP (S (PP In (NP any event)) , (NP-SBJ (NP Mr. Englund) and (NP many others)) (VP say (SBAR that (S (NP-SBJ-1 (NP the easy gains) (PP in (S-NOM (NP-SBJ *) (VP narrowing (NP the trade gap))))) (VP have (ADVP-TMP already) (VP been (VP made (NP *-1))))))) .)) (TOP (S `` (S-TPC-2 (NP-SBJ-3 Trade) (VP is (ADVP definitely) (VP going (S (NP-SBJ *-3) (VP to (VP be (ADJP-PRD more politically sensitive) (PP-TMP over (NP the next (QP six or seven) months)) (SBAR-TMP as (S (NP-SBJ-1 improvement) (VP begins (S (NP-SBJ *-1) (VP to (VP slow)))))))))))) , '' (NP-SBJ he) (VP said (S *T*-2)) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 Exports) (VP are (VP thought (S (NP-SBJ *-1) (VP to (VP have (VP risen (ADVP (ADVP strongly (PP-TMP in (NP August))) , but (ADVP (ADVP probably) not enough (S (NP-SBJ *) (VP to (VP offset (NP (NP the jump) (PP in (NP imports))))))))))))))) , (NP-SBJ economists) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ (NP Views) (PP on (NP manufacturing strength))) (VP are (ADJP-PRD split (PP between (NP (NP (NP economists) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP read (NP (NP (NP September 's) low level) (PP of (NP factory job growth))) (PP as (NP (NP a sign) (PP of (NP a slowdown)))))))) and (NP (NP those) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP use (NP the (ADJP somewhat more comforting) total employment figures) (PP in (NP their calculations)))))))))) .)) (TOP (S (S (NP-SBJ (NP The wide range) (PP of (NP (NP estimates) (PP for (NP the industrial output number))))) (VP underscores (NP the differences))) : (S (NP-SBJ The forecasts) (VP run (PP-DIR from (NP (NP a drop) (PP of (NP 0.5 %)))) (PP-DIR to (NP (NP an increase) (PP of (NP 0.4 %)))) , (PP according (PP to (NP MMS))))) .)) (TOP (S (NP-SBJ-2 (NP A rebound) (PP in (NP energy prices)) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP helped (VP push (PRT up) (NP the producer price index))))) ,) (VP is (VP expected (S (NP-SBJ *-2) (VP to (VP do (NP the same) (PP in (NP the consumer price report))))))) .)) (TOP (S (NP-SBJ The consensus view) (VP expects (NP (NP a (ADJP 0.4 %) increase) (PP in (NP the September CPI))) (PP-TMP after (NP (NP a flat reading) (PP-TMP in (NP August))))) .)) (TOP (S (NP-SBJ (NP Robert H. Chandross) , (NP (NP an economist) (PP for (NP (NP (NP Lloyd 's) Bank) (PP-LOC in (NP New York))))) ,) (VP is (PP-PRD among (NP (NP those) (VP expecting (NP (NP a (ADJP more moderate) gain) (PP-LOC in (NP the CPI)) (PP than (PP in (NP (NP prices) (PP-LOC at (NP the producer level)))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ Auto prices) (VP had (NP a big effect) (PP-LOC in (NP the PPI)))) , and (S (PP-LOC at (NP the CPI level)) (NP-SBJ they) (VP wo n't (VP *?*)))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (SINV (S-TPC-1 (S (NP-SBJ-2 Food prices) (VP are (VP expected (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD unchanged))))))) , but (S (NP-SBJ energy costs) (VP jumped (NP (NP as much as 4) %)))) , (VP said (SBAR 0 (S *T*-1))) (NP-SBJ (NP Gary Ciminero) , (NP (NP economist) (PP-LOC at (NP Fleet/Norstar Financial Group)))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP says (SBAR 0 (S (NP-SBJ he) (VP thinks (SBAR 0 (S (NP-SBJ `` (NP core inflation) , '' (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP excludes (NP the volatile food and energy prices)))) ,) (VP was (ADJP-PRD strong) (NP-TMP last month)))))))) .)) (TOP (S (NP-SBJ He) (VP expects (NP (NP a gain) (PP of (NP (QP as much as 0.5) %)) (PP in (NP core inflation)) (PP-TMP after (NP (NP a summer) (PP of (NP (ADJP far smaller) increases)))))) .)) (TOP (S (NP-SBJ Housing starts) (VP are (VP expected (S (NP-SBJ *) (VP to (VP quicken (NP a bit) (PP from (NP (NP (NP August 's) annual pace) (PP of (NP 1,350,000 units))))))))) .)) (TOP (S (NP-SBJ Economists) (VP say (SBAR 0 (S (NP-SBJ (NP an August rebound) (PP in (NP (NP permits) (PP for (NP multifamily units))))) (VP signaled (NP (NP an increase) (PP in (NP September starts))) , (SBAR-ADV though (S (NP-SBJ activity) (VP remains (ADJP-PRD fairly modest)) (PP by (NP historical standards)))))))) .)) (TOP (NP-HLN Two-Way Street)) (TOP (SBARQ (SBAR-ADV If (S (NP-SBJ the sixty-day plant-closing law) (VP 's (ADJP-PRD fair)))) , (SBARQ (WHADVP Why) (SQ should (NP-SBJ we) not (ADVP then) (VP amend (NP the writ) (S-CLR (NP-SBJ *) (VP To (VP require (SBAR that (S (NP-SBJ all employees) (VP give (NP Similar notice) (SBAR-TMP before (S (NP-SBJ they) (VP quit)))))))))))) ?)) (TOP (NP-HLN -- Rollin S. Trexler .)) (TOP (NP-HLN Candid Comment)) (TOP (SQ (SBAR-TMP (WHNP-4 When) (S (NP-SBJ-1 research projects) (VP are (VP curtailed (NP *-1) (PP-PRP due to (NP government funding cuts)) (ADVP-TMP *T*-4))))) , are (NP-SBJ-3 we) (VP `` caught (NP *-3) (SBAR-CLR with (S (NP-SBJ our grants) (ADVP-PRD down))) '') ?)) (TOP (NP-HLN -- C.E. Friedman .)) (TOP (S (S-ADV (NP-SBJ *) (VP Assuming (SBAR 0 (S (NP-SBJ the stock market) (VP does n't (VP (VP crash (ADVP-TMP again)) and (VP (ADVP completely) discredit (NP (NP yuppies) and (NP trading rooms))))))))) , (NP-SBJ American television audiences) (PP-TMP in (NP a few months)) (VP may (VP be (VP seeing (NP (NP (NP Britain 's) concept) (PP of (NP both)))))) .)) (TOP (S (NP-TTL-SBJ `` Capital City '') (VP is (NP-PRD (NP a weekly series) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP premiered (NP-LOC-CLR here) (ADVP-TMP-CLR (NP three weeks) ago) (PP-LOC amid (NP (NP unprecedented hype) (PP by (NP (NP its producer) , (NP Thames Television)))))))))) .)) (TOP (S (NP-SBJ The early episodes) (VP make (S (NP-SBJ you) (VP long (PP-CLR for (NP (NP a rerun) (PP of (NP (NP the crash) (PP of (NP 1987))))))))) .)) (TOP (S (NP-SBJ *) (VP Let (S (NP-SBJ 's) (VP make (S (NP-SBJ that) (NP-PRD 1929)) , (S-PRP (ADVP just) (NP-SBJ *) (VP to (VP be (ADJP-PRD sure))))))) .)) (TOP (S (PP According (PP to (NP (NP the program 's) publicity prospectus))) , (NP-SBJ `` (NP-TTL Capital City) , '' (VP set (PP-LOC-CLR at (NP (NP Shane Longman) , (NP (NP a fictional mid-sized securities firm) (PP with (NP (ADJP (QP # 500 million) *U*) capital)))))) ,) `` (VP follows (NP (NP the fortunes) (PP of (NP (NP a close-knit team) (PP of (NP (NP young , high-flying dealers) , (VP hired (NP *) (PP-CLR for (NP (NP their particular blend) (PP of (NP (NP style) , (NP genius) and (NP energy)))))))))))) .)) (TOP (SINV But (PP-CLR-TPC-1 with (NP (NP all the money and glamour) (PP of (NP high finance)))) (VP come (PP-CLR *T*-1)) (NP-SBJ (NP the relentless pressures (S (NP-SBJ *) (VP to (VP do (ADVP-CLR well))))) ; (NP pressure (S (NP-SBJ *) (VP to (VP pull (PRT off) (NP another million) (PP-TMP before (NP lunch)))))) ; (NP pressure (S (NP-SBJ *) (VP to (VP anticipate (NP the market) (PP-CLR by (NP (NP a fraction) (PP of (NP a second))))))))) ... '')) (TOP (S (NP-SBJ You) (VP need n't (VP be (NP-PRD a high-powered securities lawyer) (S-PRP (NP-SBJ *) (VP to (VP realize (SBAR 0 (S (NP-SBJ the prospectus) (VP is (ADJP-PRD guilty (PP of (NP (NP less) (PP than (NP full disclosure))))))))))))) .)) (TOP (S (S (NP-SBJ-1 The (ADJP slickly produced) series) (VP has (VP been (VP criticized (NP *-1) (PP by (NP-LGS (NP London 's) financial cognoscenti)) (PP-CLR as (ADJP inaccurate (PP in (NP detail)))))))) , but (S (NP-SBJ its major weakness) (VP is (NP-PRD (NP its unrealistic depiction) (PP of (NP (NP the characters ') (ADJP (ADJP professional) and (ADJP private)) lives))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Turned (ADVP-CLR loose) (PP-CLR in (NP (NP Shane Longman 's) trading room)))) , (NP-SBJ-1 the yuppie dealers) (VP do (NP (NP little) (ADJP right))) .)) (TOP (S (S-ADV (NP-SBJ *) (VP Judging (PP-CLR by (NP (NP (NP (NP the money) (VP lost (NP *))) and (NP (NP mistakes) (VP made (NP *)))) (PP-LOC in (NP the early episodes)))))) , (NP-SBJ (NP Shane Longman 's) capital) (VP should (VP be (ADJP-PRD (ADVP just about) exhausted) (PP-TMP by (NP the final 13th week)))) .)) (TOP (S (PP-LOC In (NP the opening episode)) (NP-SBJ we) (VP learn (SBAR that (S (NP-SBJ (NP Michelle) , (NP a junior bond trader) ,) (VP has (ADVP indeed) (VP pulled (PRT off) (NP another million) (PP-TMP before (NP lunch))))))) .)) (TOP (S (NP-SBJ Trouble) (VP is , (SBAR-PRD 0 (S (NP-SBJ she) (VP has (VP lost (NP it) (ADVP-MNR just as quickly)))))) .)) (TOP (S (SBAR-ADV (PP Rather) than (S (NP-SBJ *-1) (VP keep (S (NP-SBJ the loss) (NP-PRD (NP a secret) (PP from (NP the outside world))))))) , (NP-SBJ-1 Michelle) (VP blabs (PP-CLR about (NP it)) (PP-CLR to (NP a sandwich man)) (SBAR-TMP while (S-NOM (NP-SBJ *) (VP ordering (NP lunch) (PP-MNR over (NP the phone)))))) .)) (TOP (FRAG (NP Little chance (SBAR that (S (NP-SBJ-1 Shane Longman) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP recoup (NP-TMP today))))))))) .)) (TOP (S (NP-SBJ Traders) (VP spend (NP-CLR the morning) (S (NP-SBJ *) (VP (ADVP-MNR frantically) selling (NP bonds))) , (PP in (NP the belief (SBAR that (S (NP-SBJ the U.S. monthly trade figures) (VP will (VP look (ADJP-PRD lousy)))))))) .)) (TOP (INTJ Ah , (NP perfidious Columbia) !)) (TOP (S (S (NP-SBJ The trade figures) (VP turn (PRT out) (ADVP-CLR well))) , and (S (NP-SBJ all those (ADJP recently unloaded) bonds) (VP spurt (PP in (NP price)))) .)) (TOP (X (NP-ADV So much) (PP for (S-NOM (NP-SBJ *) (VP anticipating (NP the market) (PP-CLR by (NP (NP a fraction) (PP of (NP a second))))))) .)) (TOP (S And (NP-SBJ-1 (NP a large slice) (PP of (NP the first episode))) (VP is (VP devoted (NP *-1) (PP-CLR to (NP efforts (S (NP-SBJ *) (VP to (VP get (ADJP-PRD rid (PP of (NP some (ADJP nearly worthless) Japanese bonds)))))))) (PRN -LRB- (SBARQ (WHPP-3 since (WHADVP when)) (SQ is (NP-SBJ (NP anything) (ADJP Japanese)) (ADJP-PRD nearly worthless) (ADVP-TMP nowadays) (PP-TMP *T*-3))) ? -RRB-))) .)) (TOP (S (ADVP Surprisingly) , (NP-SBJ Shane Longman) (VP survives (NP the week) , (S-ADV (ADVP only) (NP-SBJ *) (VP to (VP have (S (NP-SBJ a senior executive) (VP (ADVP-MNR innocently) bumble (NP his way) (PP-DIR into (S-NOM (NP-SBJ *) (VP becoming (NP-PRD (NP the target) (PP of (NP a criminal insider trading investigation)))))))))))) .)) (TOP (S (PP Instead of (S-NOM (NP-SBJ *) (VP closing (NP ranks) (S-PRP (NP-SBJ *) (VP to (VP protect (NP (NP the firm 's) reputation))))))) , (NP-SBJ (NP (NP the executive 's) internal rivals) , (VP led (NP *) (PP by (NP-LGS a loutish American))) ,) (VP demand (NP his resignation)) .)) (TOP (S (NP-SBJ-1 The plot) (VP is (VP thwarted (NP *-1) (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ (NP (NP the firm 's) major stockholder) , (NP (NP kelp farming) (PP on (NP (NP the other side) (PP of (NP the globe))))) ,) (VP hurries (NP-DIR home) (S-PRP (NP-SBJ *) (VP to (VP support (NP the executive)))) (ADVP *T*-3)))))) .)) (TOP (S But (NP-SBJ the investigation) (VP continues) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ you) (VP can (VP swallow (NP the premise (SBAR that (S (NP-SBJ (NP the rewards) (PP for (NP such ineptitude))) (VP are (NP-PRD six-figure salaries))))))))) , (NP-SBJ-1 you) (ADVP still) (VP are (VP left (S (NP-SBJ *-1) (ADJP-PRD puzzled))) , (SBAR-PRP because (S (NP-SBJ (NP few) (PP of (NP the yuppies))) (VP consume (ADVP-MNR very conspicuously))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ few) (VP consume (NP (NP much) (PP of (NP anything)))) .)) (TOP (S (NP-SBJ Two) (VP share (NP (NP a house) (ADJP almost devoid (PP of (NP furniture))))) .)) (TOP (S (S (NP-SBJ Michelle) (VP lives (PP-LOC-CLR in (NP a hotel room)))) , and (S (SBAR-ADV although (S (NP-SBJ she) (VP drives (NP a canary-colored Porsche)))) , (NP-SBJ she) (VP has n't (NP (NP time) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP clean or repair (NP it) (ADVP-TMP *T*-3)))))))) ; (S (NP-SBJ-1 the (ADJP beat-up) vehicle) (VP can (VP be (VP started (NP *-1) (PP (ADVP only) with (NP (NP a huge pair) (PP of (NP pliers)))) (SBAR-PRP because (S (NP-SBJ the ignition key) (VP has (VP broken (PRT off) (PP-LOC in (NP the lock)))))))))) .)) (TOP (S And (NP-SBJ (NP it) (S *EXP*-1)) (VP takes (NP (NP Declan) , (NP (NP the obligatory ladies ' man) (PP of (NP the cast))) ,) (PP-TMP until (NP the third episode)) (S-1 (NP-SBJ *) (VP to (VP get (PP-DIR past (NP first base)) (PP with (NP (NP any) (PP of (NP his prey)))))))) .)) (TOP (S (ADVP Perhaps) (NP-SBJ (NP the explanation) (PP for (NP these anomalies))) (VP is (SBAR-PRD that (S (NP-SBJ class-conscious Britain) (VP is n't (ADJP-PRD ready (S (NP-SBJ *) (VP to (VP come (PP-CLR to (NP (NP terms) (PP with (NP (NP the wealth) (VP created (NP *) (PP by (NP-LGS the (ADJP Thatcherian) free-enterprise regime))))))))))))))) .)) (TOP (S (PP After (NP all)) , (NP-SBJ this) (VP is n't (NP-PRD (NP old money) , but (NP new money) , and (PP-LOC in (NP many cases)) , (NP (NP young money)))) .)) (TOP (S (NP-SBJ-1 This attitude) (VP is (VP (ADVP clearly) illustrated (NP *-1) (PP-LOC-CLR in (NP (NP the treatment) (PP of (NP (NP Max) , (NP (NP the trading room 's) (ADJP most flamboyant) character))))))) .)) (TOP (S (ADVP Yuppily enough) , (NP-SBJ he) (VP (VP lives (PP-LOC-CLR in (NP a (ADJP lavishly furnished) converted church))) , (VP wears (NP designer clothes)) and (VP drives (NP an antique car))) .)) (TOP (S But (S-PRP (ADVP apparently) (NP-SBJ *) (VP to (VP make (NP him) (ADJP (ADJP palatable) , (ADJP even lovable) , (PP to (NP the masses)))))) , (NP-SBJ the script) (VP inflates (NP pony-tailed Max) (PP-CLR into (NP (NP an eccentric genius) , (NP (NP master) (PP of (NP 11 Chinese dialects)))))) .)) (TOP (S (NP-SBJ He) (VP takes (NP his wash) (PP-DIR to (NP (NP the laundromat) , (SBAR (WHADVP-3 where) (S (NP-SBJ he) (VP meets (NP (NP a punky French girl) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP dupes (NP him) (PP-CLR into (S-NOM (NP-SBJ *) (VP providing (NP a home) (PP-CLR for (NP her pet piranha)))))) and (VP (ADVP-TMP then) (VP (ADVP-MNR promptly) steals (NP his car)) and (VP dumps (NP it) (PP-LOC-CLR in (NP Dieppe)))) (ADVP-LOC *T*-3))))))))))) .)) (TOP (S (PP In (S-NOM (NP-SBJ *) (VP producing and promoting (NP-TTL `` Capital City)))) , '' (NP-SBJ Thames) (VP has (VP spent (NP (NP about as much) (SBAR as (S (NP-SBJ Shane Longman) (VP loses (PP-TMP on (NP a good day)))))))) .)) (TOP (S (NP-SBJ The production costs) (VP (VP are (NP-PRD (NP a (ADJP not inconsiderable) (QP # 8 million) *U*) (PRN -LRB- (NP (QP $ 12.4 million) *U*) -RRB-))) , and (VP would (VP have (VP been (ADJP-PRD (NP much) higher) (SBAR-ADV (SINV had not (NP-SBJ (NP the cost) (PP of (NP the trading floor set))) (VP been (VP absorbed (PP-LOC-CLR in (NP (NP the budget) (PP of (NP `` (NP Dealers) , '' (NP an earlier made-for-TV movie))))))))))))) .)) (TOP (S (NP-SBJ Another (QP half million) quid) (VP went (PP-CLR (PP for (NP (NP a volley) (PP of (NP (NP full-page advertisements) (PP-LOC in (NP six major British newspapers)))))) and (PP for (NP (NP huge posters) (PP-LOC in (NP the London subway)))))) .)) (TOP (S (NP-SBJ These expenses) (VP create (NP (NP a special incentive) (SBAR for (S (NP-SBJ (NP-TTL `` Capital City 's) '' (NX producers)) (VP to (VP flog (NP (NP it) , or (NP (NP a Yank-oriented version) (PP of (NP it))) ,) (PP-LOC in (NP America)))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP Thames 's) U.S. marketing agent) , (NP Donald Taffner) ,) (VP is (VP preparing (S (NP-SBJ *-1) (VP to (VP do (NP just that)))))) .)) (TOP (S (NP-SBJ He) (VP is (ADJP-PRD discreetly hopeful) , (S-ADV (NP-SBJ *) (VP citing (NP (NP three U.S. comedy series) (PRN -- (NP `` (S-TTL (NP-SBJ Three) (VP 's (NP-PRD Company)))) , '' (NP `` (ADJP-TTL Too Close (PP for (NP Comfort)))) '' and (NP `` (S-TTL (NP-SBJ *) (VP Check (NP It) (PRT Out))) '') --) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP had (NP British antecedents)))))))) .)) (TOP (S (PP (ADVP Perhaps) without (S-NOM (NP-SBJ *-1) (VP realizing (NP it)))) , (NP-SBJ-1 Mr. Taffner) (ADVP-TMP simultaneously) (VP has (VP put (NP his finger) (PP-PUT on (NP (NP (NP the problem) and (NP an ideal solution)) : (S (NP-SBJ `` Capital City '') (VP should (VP have (VP been (NP-PRD (NP a comedy) , (NP (NP a worthy sequel) (PP to (NP (NP the screwball British `` Carry On '' movies) (PP of (NP the 1960s)))))))))))))) .)) (TOP (S (NP-SBJ The seeds) (ADJP already) (VP are (PP-LOC-PRD in (NP the script))) .)) (TOP (S (NP-SBJ The first episode) (VP concluded (PP-CLR with (NP (NP a (ADJP marvelously cute) scene) (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ the trading-room crew) (VP minded (NP (NP a baby) , (NP (NP the casualty) (PP of (NP (NP a broken marriage) (PP-LOC at (NP the firm)))))) (PP-LOC *T*-2))))))) .)) (TOP (S And (NP-SBJ (NP many) (PP-LOC in (NP the young cast))) (VP bear (NP striking resemblances) (PP-CLR to (NP (NP American TV and movie personalities) (VP known (NP *) (PP-CLR for (NP light roles)))))) .)) (TOP (S (S (NP-SBJ Joanna Kanska) (VP looks (PP-CLR like (NP a young Zsa Zsa Gabor)))) ; (S (S (NP-SBJ-2 (NP William Armstrong) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP plays (NP Max)))) ,) (VP could (VP pass (PP-CLR-3 for (NP Hans Conreid))))) , and (S (NP-SBJ=2 (NP Douglas Hodge) (PRN -LRB- (NP Declan) -RRB-)) (PP-CLR=3 for (NP James Farentino)))) ; (S (S (NP-SBJ Rolf Saxon) (VP is (NP-PRD a passable Tommy Noonan))) and (S (NP-SBJ Dorian Healy) (VP could (VP (ADVP-MNR easily) double (PP-CLR for (NP (NP Huntz Hall) , (NP (NP the blank-faced foil) (PP of (NP the Bowery Boys comedies))))))))) .)) (TOP (S (S (ADVP So) , (INTJ OK) (NP-VOC kids) , (NP-SBJ everybody) (VP *?* (PP-LOC-PRD on (NP stage)) (PP-PRP for `` (S-TTL (NP-SBJ-2 *) (VP Carry (PRT On) (S (NP-SBJ *-2) (VP Trading)))) ''))) : (S (NP-SBJ The cast) (VP is (VP (ADVP-MNR frantically) searching (NP the office) (PP-CLR for (NP (NP misplaced Japanese bonds) (SBAR (WHNP-1 that) (S (ADVP-MNR suddenly) (NP-SBJ *T*-1) (VP have (VP soared (PP-CLR in (NP value)) (SBAR-PRP because (S (NP-SBJ Dai-Ichi Kangyo Bank) (VP has (ADVP just) (VP bought (NP the White House)))))))))))))) .)) (TOP (S (NP-SBJ The pressure) (VP is (NP-PRD too much) (PP-CLR for (NP (NP Zsa Zsa) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP slaps (NP a security guard))))))) .)) (TOP (S (NP-SBJ He) (VP backflips (PP-DIR into (NP (NP a desktop computer terminal) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP explodes , (S-ADV (NP-SBJ *-2) (VP covering (NP (NP Huntz Hall 's) face) (PP-CLR with (NP microchips)))))))))) .)) (TOP (S And (NP-TMP all the while) , (NP-SBJ the bonds) (VP are (PP-PRD in (NP (NP the baby 's) diaper))) .)) (TOP (S (NP-SBJ It) (VP should (VP run (ADVP-TMP forever))) .)) (TOP (S (NP-SBJ Mr. Rustin) (VP is (NP-PRD (NP senior correspondent) (PP-LOC in (NP (NP the Journal 's) London bureau)))) .)) (TOP (S (NP-SBJ (NP Axa-Midi Assurances) (PP of (NP France))) (VP gave (NP (NP details) (PP of (NP (NP its financing plans) (PP for (NP (NP its proposed (ADJP (QP $ 4.5 billion) *U*) acquisition) (PP of (NP Farmers Group Inc.))))))) , (PP-LOC in (NP (NP amended filings) (PP with (NP (NP insurance regulators) (PP-LOC in (NP (NP the nine U.S. states) (SBAR (WHADVP-1 where) (S (NP-SBJ Farmers) (VP operates (ADVP-LOC *T*-1))))))))))) .)) (TOP (S (NP-SBJ The proposed acquisition) (VP is (NP-PRD (NP part) (PP of (NP (NP (NP Sir James Goldsmith 's) unfriendly takeover attempt) (PP for (NP (NP B.A.T Industries PLC) , (NP (NP the British tobacco , retailing , paper and financial services concern) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP parent) (PP of (NP (ADJP Los Angeles-based) Farmers))))))))))))) .)) (TOP (S (PP In (NP an attempt (S (NP-SBJ *) (VP to (VP appease (NP (NP (NP U.S. regulators ') concern) (PP over (NP (NP a Goldsmith acquisition) (PP of (NP Farmers)))))))))) , (NP-SBJ-1 Sir James) (PP-TMP in (NP August)) (VP agreed (S (NP-SBJ *-1) (VP to (VP sell (NP Farmers) (PP-CLR to (NP Axa)) (SBAR-ADV if (S (NP-SBJ-2 he) (VP is (ADJP-PRD successful (PP in (S-NOM (NP-SBJ *-2) (VP acquiring (NP B.A.T)))))))))))) .)) (TOP (S (PP As (NP (NP part) (PP of (NP the agreement)))) , (NP-SBJ-1 Axa) (VP agreed (S (NP-SBJ *-1) (VP to (VP invest (NP (QP $ 1 billion) *U*) (PP-LOC-CLR in (NP (NP Hoylake Investments Ltd.) , (NP (NP Sir James 's) acquisition vehicle))))))) .)) (TOP (S (PP-TPC-1 Of (NP (NP the total (QP $ 5.5 billion) *U*) (SBAR (WHNP-4 0) (S (NP-SBJ-3 *T*-4) (VP to (VP be (VP paid (NP *-3) (PP-DTV to (NP Hoylake)) (PP by (NP-LGS Axa))))))))) , (S (NP-SBJ (NP (QP about $ 1 billion) *U*) (PP *T*-1)) (VP will (VP come (PP-DIR from (NP (NP available resources) (PP of (NP (NP (NP Axa 's) parent) , (NP Axa-Midi Group)))))))) , (S (NP-SBJ (NP (QP $ 2.25 billion) *U*) (PP *T*-1)) (VP will (VP be (PP-PRD in (NP (NP the form) (PP of (NP (NP notes) (VP issued (NP *) (PP by (NP-LGS Axa)))))))))) , and (S (NP-SBJ (NP the remaining (QP $ 2.25 billion) *U*) (PP *T*-1)) (VP will (VP be (PP-PRD in (NP long-term bank loans))))) .)) (TOP (S (PP-LOC In (NP an interview)) (NP-TMP Thursday) , (NP-SBJ (NP Claude Bebear) , (NP (NP (NP chairman) and (NP chief executive officer)) (PP of (NP Axa))) ,) (VP said (SBAR 0 (S (NP-SBJ his group) (VP has (ADVP-TMP already) (VP obtained (NP (NP assurances (SBAR *ICH*-1)) (PP from (NP (NP a group) (PP of (NP (NP banks) (VP led (NP *) (PP by (NP-LGS Cie . Financiere de Paribas))))))) (SBAR-1 that (S (NP-SBJ they) (VP can (VP provide (NP (NP the loan portion) (PP of (NP the financing))))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The other banking companies) (PP-LOC in (NP the group))) (VP are (NP-PRD (NP Credit Lyonnais) , (NP Societe Generale) , (NP BankAmerica Corp.) and (NP Citicorp)))) , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ Mr. Bebear) (VP said (SBAR 0 (S (NP-SBJ Axa-Midi Group) (VP has `` (NP (NP (QP more than $ 2.5 billion) *U*) (PP of (NP non-strategic assets)) (SBAR (WHNP-1 that) (S (NP-SBJ-2 we) (VP can and will (VP sell '' (NP *T*-1) (S-PRP (NP-SBJ-3 *-2) (VP to (VP help (S (NP-SBJ *-3) (VP pay (PRT off) (NP (NP debt) (PP from (NP the acquisition))))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ (NP the assets) (SBAR (WHNP-2 0) (S (NP-SBJ-3 *T*-2) (VP to (VP be (VP sold (NP *-3))))))) (VP (VP would (VP be (NP-PRD (NP `` non-insurance '' assets) , (PP including (NP (NP a beer company) and (NP a real estate firm)))))) , and (VP would n't (VP include (NP (NP any pieces) (PP of (NP Farmers))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP wo n't (VP put (NP any burden) (PP-PUT on (NP Farmers))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ The amended filings) (ADVP also) (VP point (PRT out) (SBAR that (S (PP-LOC under (NP a new agreement)) , (NP-SBJ Hoylake) (VP has (NP an absolute obligation (S (NP-SBJ *) (VP to (VP sell (NP Farmers) (PP-DTV to (NP Axa)) (PP-TMP upon (NP (NP an acquisition) (PP of (NP B.A.T)))))))))))) .)) (TOP (S `` (S-TPC-3 (NP-SBJ We) (VP hope (SBAR that (S (S (PP with (SBAR-NOM (WHNP-1 what) (S (NP-SBJ we) (VP did (NP *T*-1))))) , (NP-SBJ-2 the regulators) (VP will not (VP need (S (NP-SBJ *-2) (VP to (VP evaluate (NP Hoylake))))))) , and (S (NP-SBJ they) (VP can (ADVP-MNR directly) (VP look (PP-CLR at (NP the agreement)) (PP with (NP us)) , (SBAR-PRP because (S (NP-SBJ Hoylake) (VP wo n't (VP be (NP-PRD (NP an owner) (PP of (NP Farmers))) (PP-TMP at (NP anytime))))))))))))) , '' (NP-SBJ Mr. Bebear) (VP said (S *T*-3)) .)) (TOP (S (NP-SBJ (NP Any change) (PP of (NP control)) (PP-LOC in (NP Farmers))) (VP needs (NP (NP approval) (PP of (NP (NP the insurance commissioners) (PP in (NP (NP the nine states) (SBAR (WHADVP-2 where) (S (NP-SBJ-1 (NP Farmers) and (NP its related companies)) (VP are (VP incorporated (NP *-1) (ADVP *T*-2))))))))))) .)) (TOP (S (NP-SBJ-1 The amended filings) (VP were (VP required (NP *-1) (UCP-PRP (PP because of (NP (NP the new agreement) (PP between (NP (NP Axa) and (NP Hoylake))))) , and (S (NP-SBJ *) (VP to (VP reflect (NP (NP the extension) (SBAR (WHNP-2 that) (S (NP-SBJ Sir James) (VP received (NP *T*-2) (NP-TMP last month) (PP-LOC under (NP British takeover rules)) (S-PRP (NP-SBJ *) (VP to (VP complete (NP his proposed acquisition)))))))))))))) .)) (TOP (S (NP-SBJ Hoylake) (VP (VP dropped (NP its initial (ADJP (QP # 13.35 billion) *U* (PRN -LRB- (ADJP (QP $ 20.71 billion) *U*) (PRN -RRB-))) takeover bid) (SBAR-TMP after (S (NP-SBJ it) (VP received (NP the extension))))) , but (VP said (SBAR 0 (S (NP-SBJ it) (VP would (VP launch (NP a new bid) (SBAR-TMP if and (WHADVP-1 when) (S (NP-SBJ (NP the propsed sale) (PP of (NP Farmers)) (PP to (NP Axa))) (VP receives (NP regulatory approval) (ADVP-TMP *T*-1)))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP B.A.T))) (VP said (PP of (NP the amended filings)) (SBAR that , `` (S (NP-SBJ It) (VP would (VP appear (SBAR that (S (NP-SBJ (NP nothing) (ADJP substantive)) (VP has (VP changed))))))))) .)) (TOP (S (S (NP-SBJ The new financing structure) (VP is (ADVP-TMP still) (NP-PRD a (ADJP very-highly leveraged) one))) , and (S (NP-SBJ-1 Axa) (ADVP-TMP still) (VP plans (S (NP-SBJ-2 *-1) (VP to (VP take (PRT out) (NP (NP 75 %) (PP of (NP (NP Farmers ') earnings))) (PP-CLR as (NP dividends)) (S-PRP (NP-SBJ *-2) (VP to (VP service (NP their debt))))))))) . '')) (TOP (S (S-TPC-1 (NP-SBJ That dividend) (VP is (NP-PRD (QP almost double) (NP (NP the 35 %) (VP (ADVP-TMP currently) taken (PP out (PP of (NP Farmers))) (PP-LGS by (NP B.A.T))))))) , (NP-SBJ the spokesman) (VP added (SBAR 0 (S *T*-1))) .)) (TOP (S `` (NP-SBJ It) (VP would (VP have (NP (NP severe implications) (PP for (NP (NP Farmers ') policy holders))))) . '')) (TOP (S (S-PRP (NP-SBJ *-2) (VP To (VP fend (PRT off) (NP (NP Sir James 's) advances)))) , (NP-SBJ-2 B.A.T) (VP has (VP proposed (NP (NP a sweeping restructuring) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP pare (NP it) (PP-CLR to (NP a tobacco and financial services concern))))))))) .)) (TOP (S (NP-SBJ (NP Dismal sales) (PP-LOC at (NP General Motors Corp.))) (VP dragged (NP the U.S. car and truck market) (ADVP-DIR down) (PP-LOC below (NP year-ago levels)) (PP-TMP in (NP (NP early October) , (NP (NP the first sales period) (PP of (NP the 1990 model year)))))) .)) (TOP (S (NP-SBJ The eight major domestic auto makers) (VP (VP sold (NP (NP 160,510 (ADJP North American-made) cars)) (PP-TMP in (NP (NP the first 10 days) (PP of (NP October)))) ,) (NP (NP a (ADJP 12.6 %) drop) (PP from (ADVP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ (ADJP Domestically built) truck sales) (VP were (ADVP-PRD down (NP 10.4 %) (PP to (NP 86,555 (NX (NX pickups) , (NX vans) and (NX sport utility vehicles)))))) .)) (TOP (S (NP-SBJ-2 (NP The heavy use) (PP of (NP incentives (S (NP-SBJ *) (VP to (VP clear (PRT out) (NP 1989 models))))))) (VP appears (S (NP-SBJ *-2) (VP to (VP have (VP taken (NP the steam) , (ADVP-TMP (ADVP at least) initially) , (PP-CLR out (PP of (NP (NP 1990 model sales) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP began (ADVP officially) (NP-TMP-CLR Oct. 1)))))))))))) .)) (TOP (S (NP-SBJ This) (VP appears (ADJP-PRD particularly true) (PP-LOC at (NP (NP GM) , (NP (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP had (NP strong sales) (PP-TMP in (NP August and September))) but (VP saw (S (NP-SBJ its early October car and truck results) (VP fall (NP-EXT 26.3 %) (PP-DIR from (NP (NP last year 's) (ADJP unusually high) level)))))))))))) .)) (TOP (S (ADVP Overall) , (NP-SBJ (NP sales) (PP of (NP all domestic-made vehicles))) (VP fell (NP-EXT 11.9 %) (PP-DIR from (ADVP-TMP (NP a year) ago))) .)) (TOP (S (PP Without (NP GM)) , (NP-SBJ (NP overall sales) (PP for (NP the other U.S. automakers))) (VP were (ADJP-PRD roughly flat (PP with (NP 1989 results)))) .)) (TOP (S (S (NP-SBJ (NP Some) (PP of (NP the U.S. auto makers))) (VP have (ADVP-TMP already) (VP adopted (NP (NP incentives) (PP-LOC on (NP many 1990 models)))))) , but (S (NP-SBJ-1 they) (VP may (VP have (S (NP-SBJ *) (VP to (VP broaden (NP their programs)))))) (S (NP-SBJ *-1) (VP to (VP keep (S (NP-SBJ sales) (ADVP-PRD up)))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP 've (VP created (NP (NP a condition) (SBAR (WHADVP-2 where) , (S (PP without (NP incentives)) , (NP-SBJ it) (VP 's (NP-PRD a tough market) (ADVP-LOC *T*-2)))))))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Tom Kelly) , (NP (NP sales manager) (PP for (NP (NP Bill Wink Chevrolet) (PP-LOC in (NP (NP Dearborn) , (NP Mich))))))) .)) (TOP (S (NP-SBJ Car sales) (VP fell (PP-DIR to (NP (NP (NP a (ADJP seasonally adjusted) annual selling rate) (PP of (NP (QP 5.8 million) vehicles))) , (NP (NP the lowest) (PP-TMP since (NP October 1987)))))) .)) (TOP (S (NP-SBJ The poor performance) (VP contrasts (PP-CLR with (NP (NP a robust selling rate) (PP of (NP (QP almost eight) million)) (NP-TMP last month)))) .)) (TOP (S (ADVP Furthermore) , (NP-SBJ (NP dealers) (VP contacted (NP-TMP late last week))) (VP said (SBAR 0 (S (NP-SBJ they) (VP could n't (VP see (NP (NP any immediate impact) (PP-LOC on (NP sales)) (PP of (NP (NP Friday 's) steep market decline)))))))) .)) (TOP (S (S (NP-SBJ (NP GM 's) domestic car sales) (VP dropped (NP-EXT 24.3 %))) and (S (NP-SBJ its domestic trucks) (VP were (ADVP-PRD down (NP an (ADJP even steeper) 28.7 %) (PP from (NP-TMP (NP the same period) (ADVP (NP a year) ago)))))) .)) (TOP (S (NP-SBJ (NP All) (PP of (NP the GM divisions)) (PP except (NP Cadillac))) (VP showed (NP big declines)) .)) (TOP (S (NP-SBJ Cadillac) (VP posted (NP a (ADJP 3.2 %) increase) (PP despite (NP (NP new competition) (PP from (NP (NP Lexus) , (NP (NP the fledging luxury-car division) (PP of (NP Toyota Motor Corp)))))))) .)) (TOP (S (S (NP-SBJ Lexus sales) (VP were n't (ADJP-PRD available))) ; (S (S (NP-SBJ-1 the cars) (VP are (VP imported (NP *-1)))) and (S (NP-SBJ Toyota) (VP reports (NP their sales) (PP-TMP (ADVP only) at (NP month-end))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-3 (NP The sales drop) (PP for (NP the (NP (NP No. 1) car maker)))) (VP may (VP have (VP been (VP caused (NP *-3) (PP in (NP part)) (PP by (NP-LGS (NP the end) (PP in (NP September)) (PP of (NP (NP dealer incentives) (SBAR (WHNP-1 that) (S (NP-SBJ GM) (VP offered (NP *T*-1) (PP in (NP (NP addition) (PP to (NP (NP consumer rebates) and (NP low-interest financing))))))))))))))))) , (NP-SBJ a company spokesman) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ GM) (VP had (NP (NP a different program) (SBAR *ICH*-3)) (PP-LOC-CLR in (NP place)) (SBAR-3 (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP continued (S (NP-SBJ *-4) (VP rewarding (NP dealers))) (SBAR-TMP until (S (NP-SBJ-1 all the 1989 models) (VP had (VP been (VP sold (NP *-1)))))))))) .)) (TOP (S (ADVP Aside (PP from (NP GM))) , (NP-SBJ other car makers) (VP posted (NP (ADJP generally mixed) results)) .)) (TOP (S (NP-SBJ Ford Motor Co.) (VP had (NP (NP (NP a (ADJP 1.8 %) drop) (PP-LOC in (NP domestic car sales))) but (NP (NP a (ADJP 2.4 %) increase) (PP-LOC in (NP domestic truck sales))))) .)) (TOP (S (NP-SBJ Chrysler Corp.) (VP had (NP (NP a (ADJP 7.5 %) drop) (PP-LOC in (NP car sales))) , (S-ADV (NP-SBJ *) (VP echoing (NP (NP its (ADJP generally slow) performance) (NP-TMP all year))))) .)) (TOP (S (ADVP However) , (NP-SBJ (NP (NP sales) (PP of (NP trucks))) , (PP including (NP (NP the company 's) popular minivans)) ,) (VP rose (NP-EXT 4.3 %)) .)) (TOP (S (NP-SBJ (NP (NP Honda Motor Co. 's) sales) (PP of (NP (ADJP domestically built) vehicles))) (VP plunged (NP-EXT 21.7 %) (PP-DIR from (ADVP-TMP (NP a year) earlier))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Honda 's) plant) (PP-LOC in (NP (NP Marysville) , (NP Ohio) ,))) (VP was (VP gearing (PRT up) (S-CLR (NP-SBJ *) (VP to (VP build (NP 1990 model Accords)))))) ,) (NP-SBJ a Honda spokesman) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP 're (ADJP-PRD really confident (SBAR 0 (S (NP-SBJ everything) (VP will (VP bounce (ADVP-DIR back (PP to (ADJP normal)))))))))) , '' (NP-SBJ he) (VP added (S *T*-1)) .)) (TOP (S (ADVP Separately) , (NP-SBJ Chrysler) (VP said (SBAR 0 (S (NP-SBJ (NP firm prices) (PP-LOC on (NP its 1990-model (NX (NX domestic cars) and (NX minivans))))) (VP will (VP rise (NP-EXT (NP an average) (PP of (NP (NP 5 %) (PP over (NP (ADJP comparably equipped) 1989 models)))))))))) .)) (TOP (S (NP-SBJ Firm prices) (VP were (ADVP generally) (PP-PRD in (NP (NP line) (PP with (NP (NP the tentative prices) (VP announced (NP *) (NP-TMP-CLR earlier this fall))))))) .)) (TOP (S (PP-TMP At (NP that time)) , (NP-SBJ Chrysler) (VP said (SBAR 0 (S (NP-SBJ (NP base prices) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP are n't (VP adjusted (NP *-1) (PP-CLR for (NP equipment changes)))))) ,) (VP would (VP rise (NP (QP between 4 % and 9 %) *U*) (PP-LOC on (NP most vehicle))))))) .)) (TOP (S (LST a) - (NP-SBJ Totals) (VP include (NP (NP only vehicle sales) (VP reported (NP *) (PP-MNR in (NP period))))) .)) (TOP (FRAG (LST c) - (NP Domestic car))) (TOP (S (NP d) - (NP-SBJ Percentage change) (VP is (ADJP-PRD (ADJP greater) (PP than (NP 999 %)))) .)) (TOP (S (NP x) - (NP-SBJ There) (VP were (NP-PRD (NP (NP 8 selling days) (PP-TMP in (NP the (ADJP most recent) period))) and (NP (NP 8) (ADVP-TMP (NP a year) earlier)))) .)) (TOP (S (NP-SBJ Percentage differences) (VP based (PP-LOC-CLR on (NP (NP daily sales rate) (CONJP rather than) (NP sales volume)))) .)) (TOP (S (NP-SBJ-1 (NP Antonio L. Savoca) , (ADJP (NP 66 years) old) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP (NP president) and (NP chief executive officer)) (PP of (NP the Atlantic Research Corp. subsidiary)))))) .)) (TOP (S (NP-SBJ Mr. Savoca) (VP had (VP been (NP-PRD (NP a consultant) (PP to (NP (NP the subsidiary 's) rocket-propulsion operations))))) .)) (TOP (S (NP-SBJ Mr. Savoca) (VP succeeds (NP (NP William H. Borten) , (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP resigned (S-PRP (NP-SBJ *-2) (VP to (VP pursue (NP personal interests))))))))) .)) (TOP (S (NP-SBJ Sequa) (VP makes and repairs (NP jet engines)) .)) (TOP (S (NP-SBJ It) (ADVP also) (VP has (NP (NP interests) (PP-LOC in (NP (NP military electronics) and (NP (NP electro-optics)) , (NP marine transportation) and (NP (NP machinery) (VP used (NP *) (S-CLR (NP-SBJ *) (VP to (VP make (NP food and beverage cans)))))))))) .)) (TOP (S-CLF (NP-SBJ It) (VP was n't (ADVP-PRD (ADVP so long) ago) (SBAR (WHADVP-2 that) (S (NP-SBJ-1 (NP a radio network) (VP funded (NP *) (PP by (NP-LGS the U.S. Congress)) (PRN -- and (ADVP originally) (PP by (NP-LGS the Central Intelligence Agency)) --))) (VP was (VP accused (NP-3 *-1) (PP by (NP-LGS (NP officials) (ADVP-LOC here))) (PP-CLR of (S-NOM (NP-SBJ *-3) (VP employing (NP (NP propagandists) , (NP imperialists) and (NP spies))))) (ADVP-TMP *T*-2)))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ the network) (VP has (VP opened (NP a news bureau) (PP-LOC-CLR in (NP the Hungarian capital)))) .)) (TOP (S (NP-SBJ-1 Employees) (VP (VP held (NP an open house) (S-PRP (NP-SBJ *-1) (VP to (VP celebrate)))) and (ADVP even) (VP hung (PRT out) (NP (NP a sign) : `` (NP-TTL Szabad Europa Radio) '' (PRN -- (NP Radio Free Europe))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ this) (VP is (NP-PRD (NP a victory) (PP for (NP the radio)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Barnabas de Bueky) , (NP a 55-year-old former Hungarian refugee) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP works (PP-LOC-CLR in (NP the (NAC-LOC Munich , West Germany ,) headquarters)) (PP-CLR as (NP (NP deputy director) (PP of (NP the Hungarian service)))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ-2 the network) (VP hopes (S (NP-SBJ *-2) (VP to (VP set (PRT up) (NP offices) (PP-LOC-CLR in (NP (NP Warsaw) and (NP (NP anywhere else) (PP-LOC in (NP the East Bloc)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP have (NP it)))))))))))) .)) (TOP (S But (NP-SBJ (NP the rapid changes) (VP brought (PRT on) (PP-LGS by (NP (NP glasnost) and (NP open borders))))) (VP are (VP altering (NP (NP the network 's) life) (PP-MNR in (NP (NP more ways) (PP than (NP one)))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ-1 Radio Free Europe) (VP is (PP-PRD in (NP (NP danger) (PP of (S-NOM (NP-SBJ *-1) (VP suffering (PP-CLR from (NP its success)))))))) .)) (TOP (S (SBAR-ADV While (S (NP-SBJ the network) (ADVP-TMP currently) (VP can (VP operate (ADVP-MNR freely) (PP-LOC in (NP Budapest)))))) , (ADVP-PRD-TPC-1 so) can (VP *?* (ADVP-PRD *T*-1)) (NP-SBJ others) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP competition) (PP for (NP listeners))) (VP is (VP getting (ADJP-PRD (ADJP tougher) (PP in (NP many ways)) (PP than (SBAR (WHADVP-2 when) (S (S-NOM-SBJ-3 (NP-SBJ *) (VP broadcasting (ADVP-LOC here))) (VP was (VP (ADVP-MNR strictly) controlled (NP *-3) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (PP Instead of (S-NOM (NP-SBJ-1 *-2) (VP being (VP denounced (NP *-1) (PP-CLR as (NP (NP an evil agent) (PP of (NP imperialism)))))))) , (NP-SBJ-2 Radio Free Europe) (VP is (ADJP-PRD more likely (S (NP-SBJ *) (VP to (VP draw (NP the criticism (SBAR that (S (NP-SBJ its programs) (VP are (ADJP-PRD (ADJP too tame) , (ADJP even boring))))))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ They) (VP have (NP (NP a lot) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-2) (NP-TMP these days)))))) (S-PRP (NP-SBJ *) (VP to (VP compete (PP-CLR with (NP Hungarian radio))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Andrew Deak) , (NP (NP a computer-science student) (PP-LOC at (NP (NP the Technical University) (PP-LOC in (NP Budapest)))))) .)) (TOP (S `` (NP-SBJ The Hungarian -LCB- radio -RCB- reporters) (VP seem (ADJP-PRD (ADJP better informed) and (ADJP more critical (PP about about (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP 's (VP going (PRT on) (ADVP-LOC here))))))))) . '')) (TOP (S (ADVP Indeed) , (NP-SBJ Hungary) (VP is (PP-LOC-PRD in (NP (NP the midst) (PP of (NP a media explosion))))) .)) (TOP (S (NP-SBJ (NP Boys) (PP-LOC on (NP busy street corners))) (VP peddle (NP (NP newspapers) (PP of (NP every political stripe)))) .)) (TOP (S (NP-SBJ Newsstands) (VP are (ADJP-PRD packed (PP with (NP (NP a colorful array) (PP of (NP magazines)))))) .)) (TOP (S (NP-SBJ Radio and television) (VP are (VP getting (ADJP-PRD livelier and bolder))) .)) (TOP (S (NP-SBJ (NP The British Broadcasting Corp.) and (NP (NP the U.S. State Department 's) (NX (NP Voice) (PP of (NP America))))) (VP broadcast (PP-LOC-CLR over (NP Hungarian airwaves)) , (ADVP though) (NP-TMP (NP (QP only a few) hours) (NP-ADV a day) (NP each)) (PP-MNR in (NP Hungarian))) .)) (TOP (S (NP-SBJ Australian press magnate Rupert Murdoch) (VP has (VP bought (NP (NP (ADJP 50 %) stakes) (PP-LOC in (NP two (ADJP popular and gossipy) Hungarian newspapers))) , (SBAR-ADV while (S (NP-SBJ (NP Britain 's) Robert Maxwell) (VP has (VP let (S (NP-SBJ-1 (NP it) (SBAR *EXP*-2)) (VP be (VP known (NP *-1) (ADVP-LOC here) (SBAR-2 that (S (NP-SBJ he) (VP is (VP thinking (PP-CLR about (NP similar moves))))))))))))))) .)) (TOP (S But (NP-SBJ-1 Radio Free Europe) (VP does n't (VP plan (S (NP-SBJ *-1) (VP to (VP fade (ADVP-CLR away)))))) .)) (TOP (S (PP With (NP (NP its mission) (PP for (NP (NP free speech) and (NP the capitalist way))))) , (NP-SBJ (NP the network 's) staff) (VP says (SBAR 0 (S (NP-SBJ it) (ADVP-TMP still) (VP has (NP (NP plenty) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1)))))) -- (PP-LOC-CLR (PP in (NP Hungary)) and (PP in (NP the `` Great Eastern Beyond))))))) . '')) (TOP (S (NP-SBJ (NP Radio Free Europe) and (NP (NP (NP its sister station) (PP for (NP the Soviet Union))) , (NP Radio Liberty) ,)) (VP say (SBAR 0 (S (NP-SBJ they) (VP wo n't (VP cut (PRT back) (NP (NP their (QP more than 19 hours)) (PP of (NP daily broadcasts)))))))) .)) (TOP (S (NP-SBJ They) (VP are (ADVP-TMP still) (NP-PRD (NP an important source) (PP of (NP news)) (PP for (NP (QP 60 million) listeners)) (PP in (NP (NP 23 exotic tongues) : (PP (PP from (NP Bulgarian and Belorussian)) (PP to (NP Kazakh and Kirghiz))))))) .)) (TOP (S (NP-SBJ (NP The establishment) (PP of (NP (NP its first bureau) (PP-LOC in (NP Warsaw Pact territory))))) (VP shows (NP (NP the depth) (PP of (NP (NP some) (PP of (NP (NP the changes) (PP-LOC in (NP Eastern Europe)))))))) .)) (TOP (S (PP-TMP (NP Months) before (NP (NP the decision (S *ICH*-1)) (PP by (NP the Hungarian Communist Party)) (S-1 (NP-SBJ-2 *) (VP to (VP (VP rename (S (NP-SBJ itself) (ADJP-PRD Socialist))) and (VP try (S (NP-SBJ *-2) (VP to (VP look (ADJP-PRD more appealing (PP to (NP voters)))))))))))) , (NP-SBJ-3 (NP the country 's) rulers) (VP were (VP trying (S (NP-SBJ *-3) (VP to (VP look (ADJP-PRD more hospitable)))))) .)) (TOP (S (NP-SBJ (NP It) (SBAR *EXP*-1)) (VP proved (NP-PRD a perfect time) (SBAR-1 for (S (NP-SBJ Radio Free Europe) (VP to (VP ask (PP-CLR for (NP permission (S (NP-SBJ *) (VP to (VP set (PRT up) (NP office))))))))))) .)) (TOP (S (ADVP Not only) (SINV did (NP-SBJ (NP the Hungarian Ministry) (PP of (NP Foreign Affairs))) (VP approve (NP (NP Radio Free Europe 's) new location))) , but (S (NP-SBJ (NP the Ministry) (PP of (NP Telecommunications))) (VP did (NP (NP something) (ADJP (ADVP even more) amazing) : (SINV `` (S-TPC-2 (NP-SBJ They) (VP found (NP us) (NP (NP four phone lines) (PP-LOC in (NP central Budapest))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Geza Szocs) , (NP (NP a Radio Free Europe correspondent) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP helped (S (NP-SBJ *-3) (VP organize (NP the Budapest location)))))))))))) .)) (TOP (S `` (NP-SBJ That) (VP is (NP-PRD a miracle)) . '')) (TOP (S (NP-SBJ It) (VP 's (NP-PRD (NP a far cry) (PP from (NP (NP the previous treatment) (PP of (NP (NP the network) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP had (S (NP-SBJ *-3) (VP to (VP overcome (NP (NP (NP jamming) (PP of (NP its frequencies))) and (NP (NP intimidation) (PP of (NP (NP local correspondents) (PRN -LRB- (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP filed (NP (NP reports) (PP to (NP the network))) (PP by (NP (NP phone) , (NP secret messengers) or (NP letters)))))) -RRB-))))))))))))))))) .)) (TOP (S (PP In (NP fact)) , (NP-SBJ (NP some) (PP of (NP (NP the network 's) Hungarian listeners))) (VP say (SBAR 0 (S (NP-SBJ they) (VP owe (NP Radio Free Europe) (NP loyalty) (SBAR-PRP because (S (NP-SBJ it) (VP was (ADJP-PRD responsible (PP in (NP many ways)) (PP for (S-NOM (NP-SBJ *) (VP keeping (S (NP-SBJ hope) (ADJP-PRD alive) (PP-MNR through (SBAR-NOM (WHNP-1 what) (S (NP-SBJ (NP one writer) (ADVP-LOC here)) (VP calls (S (NP-SBJ *T*-1) (NP-PRD (NP the `` Dark Ages) (PP of (NP the 20th Century)))))))))))))))))))) . '')) (TOP (SINV `` (S-TPC-1 (PP-TMP During (NP the past four years)) , (NP-SBJ (NP many) (PP of (NP us))) (VP have (VP sat (ADVP up) (PP-TMP until (PP (ADVP late) at (NP night))) (S-CLR (NP-SBJ *) (VP listening (PP-CLR to (NP our radios))))))) , '' (VP says (S *T*-1)) (NP-SBJ the writer) .)) (TOP (S `` (NP-SBJ There) (VP were (NP-PRD some (ADJP very brave) broadcasts)) . '')) (TOP (S (NP-SBJ-1 The listeners) , (ADVP too) , (VP had (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD brave))))) .)) (TOP (S (PP Through (NP (NP much) (PP of (NP the post-World War II period)))) , (S-NOM-SBJ (NP-SBJ *) (VP listening (PP-CLR to (NP Western broadcasts)))) (VP was (NP-PRD a crime) (PP-LOC in (NP Hungary))) .)) (TOP (SINV `` (S-TPC-2 (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ we) (VP listen (PP-CLR to (NP the Europe station)) (ADVP-TMP *T*-1)))) , (NP-SBJ my mother) (ADVP-TMP still) (VP gets (ADJP-PRD nervous))) , '' (VP says (S *T*-2)) (NP-SBJ a Budapest translator) .)) (TOP (S `` (NP-SBJ-1 She) (VP wants (S (NP-SBJ *-1) (VP to (VP (VP turn (PRT down) (NP the volume)) and (VP close (NP the curtains)))))) . '')) (TOP (S (ADVP-TMP Now) , (NP-SBJ (NP the toughest competition) (PP for (NP Radio Free Europe))) (VP comes (PP-TMP-CLR during (NP the late-night slot))) .)) (TOP (S (NP-SBJ Hungarian radio) (ADVP-TMP often) (VP saves (NP its (ADJP most politically outspoken) broadcasts) (PP-TMP-CLR for (NP around midnight))) .)) (TOP (S (NP-SBJ (NP Television) , (SBAR (WHNP-3 which) (S (NP (NP most) (PP of (NP the time))) (NP-SBJ-1 *T*-3) (VP is (VP considered (S (NP-SBJ *-1) (ADJP-PRD rather tame)))))) ,) (VP has (VP entered (NP the running) (PP with (NP (NP a new program) , `` (NP-TTL (NP The End) (PP of (NP the Day))) , '' (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP comes (PRT on) (PP-TMP-CLR after (NP 11 p.m))))))))) .)) (TOP (S (NP-SBJ It) (VP is (NP-PRD (NP a talk show) (PP with (NP (NP (NP opposition leaders) and (NP political experts)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP discuss (NP (NP (NP Hungary 's) domestic problems) (CONJP as well as) (NP foreign affairs))))))))) .)) (TOP (S (NP-SBJ-3 (NP Those) (SBAR (WHNP-1 who) (S (NP-SBJ-2 *T*-1) (VP want (S (NP-SBJ *-2) (VP to (VP hear (NP (ADJP (ADVP even more) radical) views)))))))) (VP have (S (NP-SBJ *-3) (VP to (VP get (ADVP-CLR up) (PP-TMP-CLR at (NP five)) (PP-TMP on (NP Sunday morning)) (PP for (NP `` (NP-TTL Sunday Journal) , '' (PP-LOC on (NP Hungarian Radio)))))))) .)) (TOP (S (NP-SBJ The competitive spirit) (VP is (ADVP clearly) (VP influencing (NP (NP Radio Free Europe) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP is (VP trying (S (NP-SBJ *-2) (VP to (VP beef (PRT up) (NP programs))))))))))) .)) (TOP (S (NP-SBJ-1 The Budapest office) (VP plans (S (NP-SBJ *-1) (VP to (VP hire (NP free-lance reporters) (S-CLR (NP-SBJ *) (VP to (VP cover (NP (NP the latest happenings) (PP-LOC in (NP (NP Hungarian country towns) (PP-LOC (PP from (NP (NP Nagykanizsa) (PP-LOC in (NP the west)))) (PP to (NP (NP Nyiregyhaza) (PP-LOC in (NP the east))))))))))))))) .)) (TOP (S (NP-SBJ The Hungarian service) (VP has (NP (NP a daily 40-minute news show) (VP called (S (NP-SBJ *) (NP-PRD Newsreel)) , (PP with (NP (NP (ADJP international and domestic) news) , plus (NP (NP a daily news review) (PP of (NP (NP opinions) (PP from (PP-LOC around (NP the world))))))))))) .)) (TOP (S (NP-SBJ There) (VP 's (ADVP also) (NP-PRD (NP a host) (PP of (NP (NP new programs) , (VP trying (S (NP-SBJ *) (VP to (VP lighten (PRT up) (PP-CLR on (NP (NP the traditional diet) (PP of (NP politics)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP A daily 35-minute program) (VP called (S (NP-SBJ *) `` (NP-TTL-PRD (NP The March) (PP of (NP Time)) '')))) (VP tries (S (NP-SBJ *-1) (VP to (VP find (NP (NP interesting tidbits) (PP of (NP lighthearted news and gossip) (PP-LOC from (PP around (NP the world))))))))) .)) (TOP (S (NP-SBJ There) (VP 's (NP-PRD (NP (NP a program) (PP for (NP women))) and (NP a science show))) .)) (TOP (S And (S-PRP (NP-SBJ *) (VP to (VP attract (NP younger listeners)))) , (NP-SBJ Radio Free Europe) (VP intersperses (NP (NP the latest) (PP in (NP Western rock groups)))) .)) (TOP (S (NP-SBJ The Pet Shop Boys) (VP are (ADJP-PRD big) (NP-TMP this year) (PP-LOC in (NP Budapest))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ We) (VP are (VP starving (PP-CLR for (NP all the news))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Mr. Deak) , (NP the student)) .)) (TOP (S `` (NP-TMP Every moment) (NP-SBJ-1 we) (VP want (S (NP-SBJ *-1) (VP to (VP know (NP (NP everything) (PP about (NP the world))))))) .)) (TOP (S (NP-SBJ-1 (NP Proposals) (PP for (NP government-operated `` national service))) , '' (PP like (NP influenza)) , (VP (VP flare (PRT up) (PP-TMP (PP from (NP time)) (PP to (NP time)))) , (VP depress (NP (NP the resistance) (PP of (NP the body politic)))) , (VP run (NP their course)) , and (VP seem (S (NP-SBJ *-1) (VP to (VP disappear) , (S-ADV (ADVP only) (NP-SBJ *) (VP to (VP mutate and afflict (NP public life) (ADVP-TMP anew)))))))) .)) (TOP (S (NP-SBJ The disease metaphor) (VP comes (PP-DIR to (NP mind)) , (PP of (NP course)) , not (PP-CLR as (NP (NP an aspersion) (PP on (NP (NP the advocates) (PP of (NP national service))))))) .)) (TOP (S (ADVP Rather) , (NP-SBJ-1 it) (VP is (VP born (NP *-1) (PP-CLR of (NP (NP frustration) (PP with (S-NOM (NP-SBJ-3 *) (VP having (S (NP-SBJ *-3) (VP to (VP combat (NP (NP (ADJP constantly changing) strains) (PP of (NP (NP a statist idea) (SBAR (WHNP-4 that) (S (NP-SBJ one) (VP thought (SBAR 0 (S (NP-SBJ-2 *T*-4) (VP had (VP been (VP eliminated (NP *-2) (PP-TMP in (NP the early 1970s)) , (PP along (PP with (NP smallpox)))))))))))))))))))))))) .)) (TOP (S (NP-SBJ It) (VP is (ADVP-PRD back) (PP-CLR with (NP us)) (ADVP-TMP again) , (PP in (NP (NP the form) (PP of (NP (NP legislation (S (NP-SBJ *) (VP to (VP pay (NP volunteers) (PP-LOC under (NP (NP a `` National and Community Service Act) , '' (NP (NP a proposal) (PP with (NP (NP a serious shot) (PP at (NP (NP congressional passage) (NP-TMP this fall))))))))))))))))) .)) (TOP (SBARQ (WHADVP-1 Why) (SQ does (NP-SBJ the national-service virus) (VP keep (VP coming (NP-DIR (ADVP back)) (ADVP-PRP *T*-1)))) ?)) (TOP (S (ADVP Perhaps) (NP-SBJ it) (VP is (SBAR-PRD because (S (NP-SBJ utopian nostalgia) (VP evokes (NP (NP both (NP military experience) and (NP the social gospel))))))) .)) (TOP (S (SBAR-ADV If only (S (NP-SBJ we) (VP could (VP get (NP (NP America 's) wastrel youth) (PP-CLR into (NP (PP at least) a psychic uniform)))))) (NP-SBJ we) (VP might (VP be (ADJP-PRD able (S (NP-SBJ *) (VP to (VP (VP teach (NP self-discipline) (ADVP-TMP again)) and (VP revive (NP (NP the spirit) (PP of (NP giving)))))))))) .)) (TOP (S (ADVP-TMP (NP (NP A quarter) (PP of (NP a century))) ago) (NP-SBJ-1 national service) (VP was (VP promoted (NP *-1) (PP-CLR as (NP (NP a way) (PP of (S-NOM (NP-SBJ *) (VP curing (NP (NP the manifest inequities) (PP of (NP the draft))) -- (PP-MNR by (PRN , (PP of (NP all things)) ,) (S-NOM (NP-SBJ *) (VP expanding (NP the draft))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Those) (PP of (NP us))) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP resisted (NP the idea) (ADVP-TMP then))))) (VP suspect (NP-TMP today) (SBAR that (S (NP-SBJ (NP an obligation) (PP of (NP government service)) (PP for (NP all young people))) (VP is (ADVP-TMP still) (NP-PRD (NP the true long-term aim) (PP of (NP many national-service backers))) , (PP despite (NP their protests (SBAR that (S (NP-SBJ present plans) (VP contain (NP no coercion)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Choice) (PP of (NP the volunteer military)) (PP in (NP the 1970s))) (VP seemed (S (NP-SBJ *-1) (VP to (VP doom (NP national service) (NP (NP as much) (PP as (NP the draft))))))) .)) (TOP (S But (NP-SBJ-1 the virus) (VP was (VP kept (S (NP-SBJ *-1) (ADJP-PRD alive)) (PP-LOC in (NP sociology departments)) (PP-TMP until (ADVP (ADVP (NP (NP a couple) (PP of (NP years))) ago) , (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ-2 it) (ADVP-TMP again) (VP was (VP let (S (NP-SBJ *-2) (ADVP-PRD loose)) (ADVP-TMP *T*-3))))))))) .)) (TOP (S (NP This time) (NP-SBJ-1 it) (VP attempted (S (NP-SBJ *-1) (VP to (VP invade (NP (NP two connected problems) , (NP (NP (NP the rising cost) (PP of (NP higher education))) and (NP (NP the rising expense) (PP to (NP the federal government)) (PP of (NP educational grants and loans))))))))) .)) (TOP (SBARQ-2 (WHADVP Why not) (SQ (SQ (NP-SBJ *) (VP (VP keep (NP *RNR*-1)) and (ADVP even) (VP expand (NP *RNR*-1)) (NP-1 the loans and grants))) (PRN , (S (NP-SBJ the advocates) (VP reasoned (SBARQ *T*-2))) ,) but (SQ (NP-SBJ *) (VP require (NP (NP some form) (PP of (NP service))) (PP-CLR from (NP each recipient))))) ?)) (TOP (S (NP-SBJ Military service) , (ADVP moreover) , (VP could (VP be (NP-PRD a national-service option))) .)) (TOP (S (ADVP Thus) , (ADVP undoubtedly) (NP-SBJ-1 (NP it) (SBAR *EXP*-2)) (VP was (VP hoped (NP *-1) (SBAR-2 that (S (NP-SBJ (NP the new strain) (PP of (NP national service))) (VP would (VP prove (ADJP-PRD contagious) , (S-ADV (NP-SBJ *) (VP infecting (NP (NP patriotic conservatives) , (NP pay-as-you-go moderates) , and (NP idealistic liberals)))))))))) .)) (TOP (S (NP-SBJ (NP The Democratic Leadership Council) , (NP (NP a centrist group) (VP sponsoring (NP the plan))) ,) (ADVP surely) (VP thought (SBAR 0 (S (NP-SBJ it) (VP might (VP help (S (NP-SBJ the party) (VP to (VP attract (NP support) , (PP-LOC (ADVP especially) among (NP (NP college students) and (NP their parents))))))))))) .)) (TOP (S (NP-SBJ-1 (NP A provision) (VP allowing (NP-SBJ-2 grants) (S (NP-SBJ *-2) (VP to (VP be (VP applied (NP *-2) (PP-CLR to (NP first-home purchases)))))))) (VP was (VP added (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP appeal (PP-CLR to (NP (NP those) (SBAR (WHNP-3 who) (S (NP-SBJ *T*-3) (VP had (VP had (NP (NP enough) (PP of (NP schooling)))))))))))))) .)) (TOP (S (NP-SBJ The DLC plan) (VP envisaged (S (NP-SBJ `` volunteers '') (VP (VP planting (NP trees) (PP-CLR *RNR*-1)) , (VP emptying (NP bedpans) (PP-CLR *RNR*-1)) , (VP tutoring (NP children) (PP-CLR *RNR*-1)) , and (VP assisting (NP librarians) (PP-CLR *RNR*-1)) (PP-CLR-1 for (NP (NP (NP $ 100 *U*) (NP-ADV a week) , (ADJP (NP tax) free)) , plus (NP medical care)))))) .)) (TOP (S (PP With (NP (NP a tax-free (ADJP $ 10,000 *U*) voucher payment) (PP-TMP at (NP (NP the end) (PP of (NP each year)))))) , (NP-SBJ the volunteers) (VP would (VP be (VP making (NP (NP a wage) (ADJP comparable (PP to (NP (NP $ 17,500 *U*) (NP-ADV a year)))))))) .)) (TOP (S (SINV-ADV (VP Mind) (NP-SBJ you)) , (NP-SBJ (NP most) (PP of `` (NP the volunteers) '')) (VP would (VP be (NP-PRD unskilled 17 - to 18-year-olds) , (S-ADV (S (NP-SBJ some) (ADJP-PRD not even high school graduates)) , and (S (NP-SBJ-1 many) (VP saving (NP money) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP living (PP-LOC-CLR at (NP home)))))))))) .)) (TOP (S (NP-SBJ They) (VP would (VP be (VP doing (ADVP-CLR better (ADVP financially) (PP under (NP national service)) (PP than (NP (NP many taxpayers) (VP (VP working (PP-LOC-CLR at (NP (NP the same kinds) (PP of (NP jobs))))) and (ADVP perhaps) (VP supporting (NP families))))))))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ it) (VP happened))) , (NP-SBJ political resistance) (VP developed (PP-LOC-CLR among (NP (NP (ADJP educational and minority) interests) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP count (PP-CLR on (NP the present education grant system))))))) , (SBAR-ADV so (S (NP-SBJ-2 the national-service devotees) (VP decided (S (NP-SBJ *-2) (VP to (VP abandon (NP (NP the (ADJP supposedly crucial) principle) (PP of `` (S (NP-SBJ *) (VP give (SBAR in order (S (NP-SBJ *) (VP to (VP get))))))))))))))) . '')) (TOP (S (NP-SBJ (NP Opposition) (PP to (NP national service)) (PP from (NP (NP the Pentagon) , (SBAR (WHNP-2 which) (S (NP-SBJ-3 *T*-2) (VP wants (S (NP-SBJ *-3) (VP to (VP protect (NP its own recruitment process))))))) ,))) (ADVP also) (VP led (PP-CLR to (S-NOM (NP-SBJ-1 the military-service option) (VP being (VP dropped (NP *-1)))))) .)) (TOP (S (ADVP Clearly) , (NP-SBJ-1 (NP a new rationale) (PP for (NP national service))) (VP had (S (NP-SBJ *-1) (VP to (VP be (VP cooked (PRT up)))))) .)) (TOP (FRAG (SBARQ (NP-SBJ What better place) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP turn (ADVP-LOC *T*-3))))) (PP than (NP (NP (NP Sen. Edward Kennedy 's) Labor Committee) , (NP (NP that great stove) (PP of (NP government expansionism))) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 (NP many a stagnant pot) (PP of (NP porridge))) (VP is (VP kept (NP *-1) (PP-LOC-CLR on (NP the back burner)) (SBAR-TMP until (S (NP-SBJ it) (VP can (VP be (VP (VP brought (ADVP-DIR forward)) and (VP presented (PP-CLR as (NP nouvelle cuisine)))))))) (ADVP-LOC *T*-2)))))))) ?)) (TOP (S (PP In (NP this case)) , (NP-SBJ (NP the new recipe) (PP for (NP national service))) (VP called (PP-CLR for (NP (S-NOM (NP-SBJ *) (VP throwing (NP many assorted legislative leftovers) (PP-DIR into (NP one kettle)))) : (NP (NP (NP a demonstration project) (PP for (NP educational aid)) (PRN -LRB- (ADJP particularly satisfying (PP to (NP (NP the DLC) and (NP Sen. Sam Nunn)))) -RRB-)) , (NP (NP a similar demonstration program) (PP for (NP youth conservation)) (PRN -LRB- (ADJP a la (NP Sen. Chris Dodd)) -RRB-)) , (NP (NP a competitive grants program) (PP to (NP states)) (SBAR-PRP (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP spark (NP youth and senior citizen volunteer projects))))) (PRN -LRB- (NP a Kennedy specialty) -RRB-)) , (NP (NP a community service work-study program) (PP for (NP students)) (PRN -LRB- (ADJP pleasing (PP to (NP (NP the palate) (PP of (NP (NP Sen. Dale Bumpers) , (PP among (NP others))))))) -RRB-)) , plus (NP (NP engorgement) (PP of (NP (NP the VISTA volunteer program) and (NP (NP the Retired Senior Volunteer) , (NP Foster Grandparent) , and (NP Senior Companion programs))))))))) .)) (TOP (S (SBAR-TMP Before (S (NP-SBJ-1 the menu) (VP is (VP printed (NP *-1))))) , (NP-SBJ the House) (VP may (VP add (NP more ingredients) , (S-ADV (ADVP also) (NP-SBJ *) (VP changing (NP (NP the initial price) , (VP (ADVP-TMP now) posted (PP-CLR at (NP some (QP $ 330 million) *U*)))))))) .)) (TOP (S (S (NP-SBJ-1 It) (VP is (ADVP widely) (VP known (NP *-1) (SBAR that `` (S (NP-SBJ (QP too many) cooks) (VP spoil (NP the broth))))))) , '' but (S (NP-SBJ that wisdom) (VP does not (ADVP necessarily) (VP reflect (NP (NP the view) (PP of (NP the cooks))) , (SBAR-ADV (ADVP especially) if (S (NP-SBJ they) (VP are (NP-PRD senators))))))) .)) (TOP (S (S (NP-SBJ (NP The `` omnibus '' bill) (VP coming (ADVP-DIR out (PP of (NP Congress))))) (VP may (VP be (NP-PRD unwholesome glop)))) , but (S (S (NP-SBJ the assorted chefs) (VP are (ADJP-PRD happy))) and (S (NP-SBJ the restaurant) (VP is (VP pushing (NP the dish) (ADVP-MNR very hard))))) .)) (TOP (S (NP-SBJ (NP The aroma) (PP of (NP patronage))) (VP is (PP-LOC-PRD in (NP the air))) .)) (TOP (SQ Is (NP-SBJ the voluntary sector) (ADJP-PRD (ADJP so weak) (SBAR that (S (NP-SBJ it) (VP needs (NP such unsolicited assistance))))) ?)) (TOP (S (PP On (NP the contrary)) , (NP-SBJ it) (VP is (ADJP-PRD (ADJP as robust) (PP as (ADVP ever)))) .)) (TOP (S (PP According (PP to (NP the Gallup Poll))) , (NP-SBJ American adults) (VP contribute (NP (NP an average) (PP of (NP (NP two hours) (NP-ADV a week) (PP of (NP service))))) , (SBAR-ADV while (S (NP-SBJ (NP financial contributions) (PP to (NP charity))) (PP-TMP in (NP the 1980s)) (VP have (VP risen (NP-EXT (NP 30 %) (PRN -LRB- (VP adjusted (NP *) (PP-CLR for (NP inflation))) -RRB-))))))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ government) (VP does (VP see (NP various `` unmet needs))))) , '' (NP-SBJ national service) (VP is not (NP-PRD (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP meet (NP them) (ADVP-MNR *T*-1))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ-1 we) (VP want (S (NP-SBJ *-1) (VP to (VP support (NP students))))))) , (NP-SBJ we) (VP might (VP adopt (NP (NP the idea) (VP used (NP *) (PP-LOC-CLR in (NP other countries))) (PP of (S-NOM (NP-SBJ *) (VP offering (NP (NP more scholarships) (VP based (NP *) (PP-LOC-CLR (PP on (NP (NP something) (VP called (S (NP-SBJ *) (NP-PRD `` scholarship))))) , '' (CONJP rather than) (PP on (NP (NP (NP the government 's) idea) (PP of (NP `` service))))))))))))) . '')) (TOP (S Or (NP-SBJ we) (VP might (VP provide (NP (NP a tax credit) (PP for (NP working students))))) .)) (TOP (S (SBAR-NOM-SBJ (WHNP-1 What) (S (NP-SBJ we) (VP do not (VP need (S (NP-SBJ *) (VP to (VP do (NP *T*-1)))))))) (VP is (S-PRD (NP-SBJ-2 *) (VP (VP start (NP a war)) , and (VP (ADVP-TMP then) try (S (NP-SBJ-3 *-2) (VP to (VP justify (NP it) (PP-MNR by (S-NOM (NP-SBJ *-3) (VP creating (NP a GI Bill))))))))))) .)) (TOP (S (PP To (NP (NP the extent) (SBAR (WHADVP-2 0) (S (NP-SBJ we) (VP lack (NP (NP manpower) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP staff (NP (NP menial jobs) (PP-LOC in (NP hospitals)))))))) (ADVP *T*-2)))))) , (PP for (NP example)) , (NP-SBJ we) (VP should (VP (VP (VP raise (NP pay)) , (VP pursue (NP labor-saving technology)) , or (VP allow (NP more legal immigration))) , (CONJP rather than) (VP (VP overpay (NP high school graduates) (PP as (NP short-term workers))) and (VP cause (NP (NP resentment) (PP-LOC among (NP (NP permanent workers) (VP paid (NP-1 *) (NP lesser amounts) (S-CLR (NP-SBJ *-1) (VP to (VP do (NP the same jobs)))))))))))) .)) (TOP (SQ Will (NP-SBJ (NP national service) , (PP in (NP the current (ADJP (ADJP highly politicized) and (ADJP opportunistic)) form))) (VP exert (NP enough appeal (S (NP-SBJ-1 *) (VP to (VP get (VP adopted (NP *-1))))))) ?)) (TOP (FRAG (ADVP Not necessarily) .)) (TOP (S (S (NP-SBJ Polls) (VP show (NP wide , generalized support) (PP-CLR for (NP (NP some vague concept) (PP of (NP service)))))) , but (S (NP-SBJ (NP the bill) (PP (ADVP-TMP now) under (NP discussion))) (VP lacks (NP any passionate public backing))) .)) (TOP (S (ADVP Nonetheless) , (NP-SBJ Senate Democrats) (VP are (VP organizing (NP (NP a roll) (PP of (NP (NP supporting `` (NP associations) , '' `` (NP societies) '' and `` (NP councils)) , '' (SBAR (WHNP-1 some (WHPP of (WHNP which))) (S (NP-SBJ-2 *T*-1) (VP may (VP hope (S (NP-SBJ *-2) (VP to (VP receive (NP the paid `` volunteers))))))))))))) . '')) (TOP (S (ADVP-TMP So far) , (NP-SBJ the president) (VP seems (ADJP-PRD ill-disposed (S (NP-SBJ *) (VP to (VP substitute (NP (NP any) (PP of (NP the omnibus))) (PP-CLR for (NP his own free-standing proposal (S (NP-SBJ *) (VP to (VP endow (NP a `` (NAC-TTL (NP Points) (PP of (NP Light))) '' foundation) (PP-CLR with (NP (QP $ 25 million) *U*)) (S-PRP (NP-SBJ *) (VP to (VP (VP inform (NP (NP citizens) (PP of (NP all ages)))) and (VP exhort (NP them) (PP-CLR to (NP genuine volunteerism)))))))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ even this admirable plan) (VP could (VP become (ADJP-PRD objectionable) (SBAR-ADV if (S (NP-SBJ the White House) (VP gives (PRT in) (PP-CLR to (NP congressional Democratic pressure (S (S (NP-SBJ *) (VP to (VP add (PP-CLR to (NP (NP the scope) (PP of (NP (NP the president 's) initiative))))))) or (S (NP-SBJ *) (VP to (VP involve (NP the independent foundation) (PP-LOC-CLR in (S-NOM (NP-SBJ *) `` (VP brokering '' (NP federal funds) (PP-CLR for (NP volunteer projects)))))))))))))))) .)) (TOP (S (NP-SBJ There) (VP 's (NP-PRD (NP no need) (PP for (NP such concessions)))) .)) (TOP (S (S (NP-SBJ-1 The omnibus) (VP can (VP be (VP-2 defeated (NP-5 *-1))))) , (S (NP-SBJ=1-3 the virus) (VP=2 controlled (NP *-3))) , and (S (NP-SBJ=1-4 real service) (VP=2 protected (NP *-4))) .)) (TOP (S (S (NP-SBJ (NP National service) , (NP the utopian idea) ,) (ADVP-TMP still) (VP wo n't (VP go (ADVP-DIR away) (ADVP-TMP then) , (PP of (NP course)) ,))) but (S (NP-SBJ-1 (NP the millions) (PP of (NP (NP knee-socked youth) (VP performing (NP (NP works) (PP of `` (NP civic content) '')))))) (VP will (VP be (VP mobilized (NP *-1) (PP-LOC (ADVP only) in (NP (NP the imagination) (PP of (NP their progenitors)))))))) .)) (TOP (S (NP-SBJ Mr. Chapman) (VP is (NP-PRD (NP a fellow) (PP at (NP the Indianapolis-based Hudson Institute)))) .)) (TOP (S (NP-SBJ-1 This article) (VP is (VP adapted (NP *-1) (PP-CLR from (NP (NP remarks) (PP-LOC at (NP (NP a Hoover Institution conference) (PP on (NP national service)) , (SBAR (WHPP-2 in (WHNP which)) (S (NP-SBJ Mr. Szanton) (ADVP also) (VP participated (PP-CLR *T*-2)))))))))) .)) (TOP (S (NP-SBJ Drug Emporium Inc.) (VP said (SBAR 0 (S (NP-SBJ-1 (NP Gary Wilber) , (ADJP (NP 39 years) old) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP had (VP been (NP-PRD (NP president) and (NP chief operating officer)) (PP-TMP for (NP the past year)))))) ,) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP chief executive officer) (PP of (NP this drugstore chain))))))))) .)) (TOP (S (NP-SBJ He) (VP succeeds (NP (NP his father) , (NP Philip T. Wilber) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP founded (NP the company)) and (VP remains (NP-PRD chairman))))))) .)) (TOP (S (NP-SBJ-1 (NP Robert E. Lyons III) , (NP 39) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP headed (NP (NP the company 's) Philadelphia region)))) ,) (VP was (VP appointed (S (NP-SBJ *-1) (NP-PRD (NP president) and (NP chief operating officer))) , (S-ADV (NP-SBJ *) (VP succeeding (NP Gary Wilber))))) .)) (TOP (S (NP-SBJ American Physicians Service Group Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP purchased (NP (NP (QP about 42) %) (PP of (NP Prime Medical Services Inc.))) (PP-CLR for (NP (QP about $ 5 million) *U*)) (PP-CLR from (NP Texas American Energy Corp)))))) .)) (TOP (S (NP-SBJ American Physicians) (VP said (SBAR 0 (S (NP-SBJ it) (ADVP also) (VP replaced (NP (NP four Texas American representatives) (PP-LOC on (NP (NP Prime 's) five-member board))))))) .)) (TOP (S (NP-SBJ American) (VP provides (NP (NP a variety) (PP of (NP (NP financial services) (PP to (NP doctors and hospitals)))))) .)) (TOP (S (NP-SBJ (NP Prime) , (VP based (NP *) (PP-LOC-CLR in (NP (NP Bedminster) , (NP N.J.) ,)))) (VP provides (NP management services) (PP-CLR to (NP (NP cardiac rehabilitation clinics) and (NP diagnostic imaging centers)))) .)) (TOP (S (PP For (NP (NP the year) (VP ended (NP-TMP-CLR June 30)))) , (NP-SBJ Prime) (VP had (NP (NP a net loss) (PP of (NP (QP $ 3 million) *U*)) (PP on (NP (NP sales) (PP of (NP (QP $ 13.8 million) *U*)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 (NP The inflation-adjusted growth rate) (PP for (NP (NP France 's) gross domestic product)) (PP for (NP the second quarter))) (VP was (VP revised (NP *-1) (ADVP-CLR upward (PP to (NP 0.8 %) (PP from (NP the previous three months)))) (PP-DIR from (NP (NP the initial estimate) (PP of (NP 0.7 %))))))) , (NP-SBJ the National Statistics Institute) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ The state agency) (VP said (SBAR 0 (S (NP-SBJ the latest revision) (VP left (S (NP-SBJ (NP (NP the growth rate) (PP for (NP the first-quarter))) (PP compared (PP with (NP the previous three months)))) (ADJP-PRD unchanged) (PP-CLR at (NP 1.3 %))))))) .)) (TOP (S (S-TPC-2 (SBAR-ADV If (S (NP-SBJ-1 the economy) (VP continues (S (NP-SBJ *-1) (VP to (VP expand (PP-EXT by (NP (NP 0.8 %) (NP-ADV a quarter))) (PP-TMP for (NP (NP the rest) (PP of (NP the year)))))))))) , (NP-SBJ it) (VP would (VP leave (NP (NP GDP growth) (PP for (NP (NP all) (PP of (NP 1989))))) (PP-LOC-CLR at (NP 3 %))))) , (NP-SBJ the institute) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ That) (VP would (VP be (ADVP-PRD down (PP from (NP (NP the (ADJP 3.8 %) rise) (VP posted (NP *) (PP-TMP-CLR in (NP 1988)))))))) .)) (TOP (S (NP-SBJ The Canadian government) (VP announced (NP (NP a new , 12-year Canada Savings Bond issue) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP yield (NP investors) (NP-EXT 10.5 %) (PP-TMP in (NP the first year)))))))) .)) (TOP (S (NP-SBJ-1 (NP The annual interest rate) (PP for (NP (NP each) (PP of (NP the next 11 years))))) (VP will (VP be (VP set (NP *-1) (NP-TMP-CLR (NP each fall) , (SBAR (WHADVP-3 when) (S (NP-SBJ-2 (NP details) (PP of (NP a new series))) (VP are (VP released (NP *-2) (ADVP-TMP *T*-3))))))))) .)) (TOP (S (NP-SBJ Canada Savings Bonds) (VP are (NP-PRD (NP major government instruments) (PP for (S-NOM (NP-SBJ *) (VP meeting (NP its financial requirements)))))) .)) (TOP (S (NP-SBJ The government) (VP has (NP (NP (NP (QP about 41.4 billion) Canadian dollars) (PRN -LRB- (NP (QP US$ 35.2 billion) *U*) -RRB-) (PP of (NP such bonds))) (ADJP currently outstanding))) .)) (TOP (S (NP-SBJ-3 Only Canadian residents) (VP are (VP permitted (S (NP-SBJ *-3) (VP to (VP buy (NP (NP Canada Savings Bonds) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP may (VP be (VP redeemed (NP *-1) (NP-TMP-CLR any time) (PP-CLR at (NP face value))))))))))))) .)) (TOP (S (NP-SBJ The bonds) (VP go (PP-CLR on (NP sale)) (NP-TMP Oct. 19)) .)) (TOP (S (NP-SBJ (NP The debate) (PP over (NP National Service))) (VP has (VP begun (ADVP-TMP-CLR again))) .)) (TOP (S (PP-TMP After (NP (NP a decade) (SBAR (WHPP-1 in (WHNP which)) (S (S (NP-SBJ (QP more than 50) localities) (VP established (NP their own service or conservation corps))) and (S (NP-SBJ (NP dozens) (PP of (NP school systems))) (VP made (S (NP-SBJ community service) (NP-PRD (NP a prerequisite) (PP to (NP high-school graduation)))))) (PP-TMP *T*-1))))) , (NP-SBJ the focus) (VP has (VP shifted (PP-DIR to (NP Washington)))) .)) (TOP (S (NP-SBJ-1 (NP (NP (QP At least 10)) bills) (VP proposing (NP (ADJP one or another) national program))) (VP were (VP introduced (NP *-1) (PP-LOC-CLR in (NP Congress)) (NP-TMP this spring))) .)) (TOP (S (NP-SBJ (NP One) , (VP co-sponsored (PP by (NP-LGS (NP Sen. Sam Nunn (PRN -LRB- (NP (NP D.) , (NP Ga .)) -RRB-)) and (NP (NP Rep. Dave McCurdy) (PRN -LRB- (NP (NP D.) , (NP Okla.)) -RRB-))))) ,) (VP would (VP have (VP restricted (NP federal college subsidies) (PP-CLR to (NP (NP students) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (VP served))))))))) .)) (TOP (S (NP-SBJ-1 (NP An omnibus bill) (VP (VP assembled (PP by (NP-LGS (NP (NP Sen. Edward Kennedy) (PRN -LRB- (NP (NP D.) , (NP Mass.)) -RRB-))))) , and (VP including (NP some diluted Nunn-McCurdy provisions) (PP-CLR along (PP with (NP (NP proposals) (PP by (NP fellow Democratic Sens. Claiborne Pell , Barbara Mikulski and Christopher Dodd)))))) ,)) (VP has (VP been (VP reported (NP *-1) (ADVP-CLR out (PP of (NP the Senate Labor Committee)))))) .)) (TOP (S (NP-SBJ It) (VP might (ADVP well) (VP win (NP Senate passage))) .)) (TOP (S (NP-SBJ President Bush) (VP has (VP outlined (NP his own (NAC-TTL Youth Entering Service) (PRN -LRB- (NP YES) -RRB-) plan) , (SBAR-ADV though (S (NP-SBJ its details) (VP remain (S (NP-SBJ-1 *) (VP to (VP be (VP specified (NP *-1)))))))))) .)) (TOP (SBARQ (WHNP-1 What) (SQ is (NP-SBJ-2 one) (S (NP-SBJ *-2) (VP to (VP think (NP *T*-1) (PP-CLR of (NP all this)))))) ?)) (TOP (S (NP-SBJ (NP Doctrine) and (NP special interests)) (VP govern (NP some responses)) .)) (TOP (S (S (NP-SBJ-1 (NP People) (ADJP eager (S (NP-SBJ *) (VP to (VP have (S (NP-SBJ youth) `` (VP pay (NP their dues) (PP-CLR to (NP society)) ''))))))) (VP favor (NP service proposals))) -- (S (NP-SBJ=1 (ADJP preferably mandatory) ones)) .)) (TOP (SINV (ADVP-TPC-2 So) (VP do (ADVP *T*-2)) (NP-SBJ (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP seek (NP (NP (NP a `` re-energized concept) (PP of (NP citizenship))) , '' (NP (NP a concept) (VP (VP imposing (NP stern obligations)) (CONJP as well as) (VP conferring (NP rights))))))))) .)) (TOP (S (ADVP Then) (NP-SBJ there) (VP are (NP-PRD instinctive opponents)) .)) (TOP (S (PP To (NP libertarians)) , (S (NP-SBJ mandatory service) (VP is (NP-PRD an abomination))) and (S (NP-SBJ voluntary systems) (VP are (NP-PRD (NP illegitimate uses) (PP of (NP tax money))))) .)) (TOP (S (NP-SBJ (NP Devotees) (PP of (NP the market))) (VP question (NP (NP the value) (PP of (NP (NP the work) (SBAR (WHNP-1 0) (S (NP-SBJ national service) (VP would (VP perform (NP *T*-1))))))))) :)) (TOP (S (SBAR-ADV If (S (NP-SBJ the market) (VP wo n't (VP pay (PP-CLR for (NP it)))))) (PRN , (S (NP-SBJ they) (VP argue)) ,) (NP-SBJ it) (VP ca n't (VP be (ADJP-PRD worth (NP its cost)))) .)) (TOP (S (S (NP-SBJ-1 (NP Elements) (PP of (NP the left))) (VP are (ADVP also) (VP (ADVP-MNR reflexively) opposed (NP *-1)))) ; (S (NP-SBJ-2 they) (VP (VP see (NP service) (PP-CLR as (NP (NP a cover) (PP for (NP the draft))))) , or (VP fear (NP (NP the regimentation) (PP of (NP youth)))) , or (VP want (S (NP-SBJ *-2) (VP to (VP see (S (S (NP-SBJ-3 rights) (VP enlarged (NP *-3))) , not (S (NP-SBJ-4 obligations) (VP *?* (NP *-4)))))))))) .)) (TOP (FRAG But (WHNP what) (PP about (NP (NP those) (PP of (NP us)) (SBAR (WHNP-2 whose views) (S (NP-SBJ-1 *T*-2) (VP are not (VP predetermined (NP *-1) (PP by (NP-LGS formula or ideology)))))))) ?)) (TOP (SBARQ (WHADVP-1 How) (SQ should (NP-SBJ we) (VP think (PP-CLR about (NP national service)) (ADVP *T*-1))) ?)) (TOP (S (S (NP-SBJ *) (VP Let (S (NP-SBJ-1 's) (VP begin (PP-MNR by (S-NOM (NP-SBJ *-1) (VP recognizing (NP (NP a main source) (PP of (NP confusion)))))))))) -- (S `` (NP-SBJ national service) '' (VP has (NP no agreed meaning))) .)) (TOP (SQ Would (NP-SBJ service) (VP be (ADJP-PRD voluntary or compulsory)) ?)) (TOP (ADJP Short or long ?)) (TOP (ADJP Part-time or full-time ?)) (TOP (ADJP Paid or unpaid ?)) (TOP (SQ Would (NP-SBJ participants) (VP (VP (VP live (PP-LOC-CLR at (NP home))) and (VP work (ADVP-LOC-CLR nearby))) or (VP (VP live (PP-LOC-CLR in (NP barracks))) and (VP work (PP-LOC-CLR on (NP public lands))))) ?)) (TOP (SBARQ (WHNP-1 (NP What kinds) (PP of (NP work))) (SQ would (NP-SBJ they) (VP do (NP *T*-1))) ?)) (TOP (SBARQ (WHNP-1 What) (SQ does (NP-SBJ (ADJP `` national '')) (VP mean (NP *T*-1))) ?)) (TOP (SQ Would (NP-SBJ the program) (VP be (VP run (PP (PP by (NP-LGS the federal government)) , (PP by (NP-LGS local governments)) , or (PP by (NP-LGS private voluntary organizations))))) ?)) (TOP (SBARQ And (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP would (VP serve)))) ?)) (TOP (NP (NP (NP Only males) , (PP as (PP with (NP the draft))) ,) or (NP both sexes) ?)) (TOP (NP (NP Youth only) or (NP all ages) ?)) (TOP (NP (NP Middle-class people) , or (NP poor people) , or (NP a genuine cross-section) ?)) (TOP (ADJP Many or few ?)) (TOP (S (S (NP-SBJ Those) (VP are not (NP-PRD trivial questions)) ,) and (S (NP-SBJ (NP the label) `` (NP national service) '') (VP answers (NP (NP none) (PP of (NP them))))) .)) (TOP (SBARQ Then (WHADVP-1 how) (SQ should (NP-SBJ we) (VP think (PP-LOC-CLR about (NP national service)) (ADVP *T*-1))) ?)) (TOP (S (S (PP As (NP a starting point)) , (NP-SBJ here) (VP are (NP-PRD five propositions))) : (S (LST 1 .) (NP-SBJ *) (VP Consider (NP (NP the ingredients) , not (NP the name)))) .)) (TOP (S (S (NP-SBJ *) (VP Ignore `` (NP (NP national service) '' (PP-LOC in (NP the abstract))))) ; (S (NP-SBJ *) (VP consider (NP specific proposals))) .)) (TOP (S (NP-SBJ They) (VP will (VP differ (PP-MNR in (NP crucial ways)))) .)) (TOP (S (LST 2 .) `` (NP-SBJ Service) '' (VP should (VP be (NP-PRD service))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ-1 *) (ADVP commonly) (VP understood (NP *-1)))) , (NP-SBJ service) (VP implies (NP sacrifice)) .)) (TOP (S (NP-SBJ It) (VP involves (S (S (NP-SBJ *) (VP accepting (NP risk))) , or (S (NP-SBJ *) (VP giving (PRT up) (NP income))) , or (S (NP-SBJ *) (VP deferring (NP a career))))) .)) (TOP (S (NP-SBJ It) (VP follows (SBAR that (S (NP-SBJ (NP proposals) (PP like (NP (NP Nunn-McCurdy) , (SBAR (WHNP-1 (NP whose benefits) (PP to (NP enrollees))) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD worth (NP (NP some $ 17,500 *U*) (NP-ADV a year)))))) ,))) (VP do not (VP qualify))))) .)) (TOP (S (S (NP-SBJ There) (VP is (NP-PRD (NP a rationale) (PP for (NP such bills))))) : (S (S (NP-SBJ (NP Federal subsidies) (PP to (NP college students))) (VP amount (PP-CLR to `` (NP (NP a GI Bill) (PP without (NP the GI)) '')))) ; (S (ADVP arguably) (NP-SBJ-1 those benefits) (VP should (VP be (VP (VP earned (NP *-1)) , not (VP given (NP *-1))))))) .)) (TOP (S But (NP-SBJ the earnings) (VP exceed (PP-EXT by (NP 20 %)) (NP (NP the average income) (PP of (NP (NP young high-school graduates) (PP with (NP full-time jobs)))))) .)) (TOP (SBARQ (WHADVP Why) (SQ (NP-SBJ *) (VP call (S (NP-SBJ that) (NP-PRD service)))) ?)) (TOP (S (LST 3 .) (S (NP-SBJ Encouragement) (VP is (ADJP-PRD fine))) ; (S (NP-SBJ compulsion) (VP is not (ADJP-PRD *?*))) .)) (TOP (S (NP-SBJ Compelled service) (VP is (ADJP-PRD unconstitutional)) .)) (TOP (S (NP-SBJ It) (VP is (ADVP also) (ADJP-PRD unwise and unenforceable)) .)) (TOP (SBARQ -LRB- (WHNP-1 Who) (SQ (NP-SBJ *T*-1) will (VP throw (NP (QP several hundred thousand) refusers) (PP-DIR in (NP jail)) (NP-TMP each year))) ? -RRB-)) (TOP (S But (PP-MNR (PP through (NP tax policy)) and (PP in (NP other ways))) (NP-SBJ the federal government) (VP encourages (NP (NP many kinds) (PP of (NP behavior)))) .)) (TOP (S (NP-SBJ It) (VP should (ADVP also) (VP encourage (NP (NP service) -- (PP (ADVP preferably) by (NP (NP all classes) and (NP all ages)))))) .)) (TOP (S (NP-SBJ Its encouragement) (VP (VP should (VP (VP strengthen (NP *RNR*-1)) and not (VP undercut (NP *RNR*-1)) (NP-1 (NP the strong tradition) (PP of (NP volunteering)) (PP in (NP the U.S.))))) , (VP should (VP build (PP-LOC-CLR on (NP (NP the service programs) (PP (ADVP-TMP already) in (NP existence)))))) , and (VP should (VP honor (NP (NP local convictions) (PP about (SBAR-NOM (WHNP-2 which tasks) (S (NP-SBJ *T*-2) (ADVP most) (VP need (NP doing))))))))) .)) (TOP (S (LST 4 .) (NP-SBJ Good programs) (VP are not (ADJP-PRD cheap)) .)) (TOP (S (NP-SBJ Enthusiasts) (VP assume (SBAR that (S (NP-SBJ national service) (VP would (VP get (S (S (NP-SBJ important work) (VP done (ADVP-MNR cheaply))) : (S (S (NP-SBJ-1 forest fires) (VP fought (NP *-1))) , (S (NP-SBJ-2 housing) (VP rehabilitated (NP *-2))) , (S (NP-SBJ-3 students) (VP tutored (NP *-3))) , (S (NP-SBJ-4 day-care centers) (VP staffed (NP *-4)))))))))) .)) (TOP (S (S (NP-SBJ There) (VP is (NP-PRD (NP important work) (SBAR (WHNP-3 0) (S (NP-SBJ-1 *T*-3) (VP to (VP be (VP done (NP *-1))))))))) , and (S (NP-SBJ existing service and conservation corps) (VP have (VP shown (SBAR that (S (NP-SBJ (NP (NP even youths) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP start (PP-CLR with (NP few skills))))))) (VP can (VP do (NP (NP much) (PP of (NP it))) (ADVP-MNR (ADVP well) -- but not (ADVP cheaply))))))))) .)) (TOP (S (NP-SBJ Good service programs) (VP require (NP (NP recruitment) , (NP screening) , (NP training) and (NP supervision)) -- (S-ADV (NP-SBJ all) (PP-PRD of (NP high quality)))) .)) (TOP (S (NP-SBJ They) (VP involve (NP (NP stipends) (PP to (NP participants)))) .)) (TOP (S (S (NP-SBJ Full-time residential programs) (ADVP also) (VP require (NP (NP housing) and (NP full-time supervision)))) ; (S (NP-SBJ they) (VP are (UCP-PRD (ADJP particularly expensive) -- (NP (NP more) (PP per (NP participant)) (PP than (NP (NP a year) (PP-LOC at (NP Stanford or Yale)))))))) .)) (TOP (S (S (NP-SBJ Non-residential programs) (VP are (ADJP-PRD cheaper))) , but (S (NP-SBJ good ones) (ADVP-TMP still) (VP come (PP-CLR to (NP (NP some $ 10,000 *U*) (NP-ADV a year))))) .)) (TOP (SQ Are (NP-SBJ they) (ADJP-PRD worth (NP that)) ?)) (TOP (S (NP-SBJ Evaluations) (VP suggest (SBAR that (S (NP-SBJ good ones) (VP are (ADJP-PRD *?*) -- (ADVP especially so) (SBAR-ADV if (S (NP-SBJ-1 (NP the effects) (PP-LOC on (NP participants))) (VP are (VP counted (NP *-1))))))))) .)) (TOP (S But (NP-SBJ the calculations) (VP are (ADJP-PRD challengeable)) .)) (TOP (S (LST 5 .) (NP-SBJ Underclass youth) (VP are (NP-PRD a special concern)) .)) (TOP (SQ Are (NP-SBJ such expenditures) (ADJP-PRD worthwhile) , (ADVP then) ?)) (TOP (FRAG (INTJ Yes) , (SBAR-ADV if (S (NP-SBJ-1 *) (VP targeted (NP *-1)))) .)) (TOP (S (S (NP-SBJ-1 (NP People) (PP of (NP (NP all ages) and (NP all classes)))) (VP should (VP be (VP encouraged (S (NP-SBJ *-1) (VP to (VP serve))))))) , but (S (NP-SBJ there) (VP are (NP-PRD many ways (SBAR for (S (NP-SBJ (NP middle-class kids) , and (NP their elders) ,) (VP to (VP serve (PP-CLR at (NP little public cost))))))))) .)) (TOP (S (NP-SBJ They) (VP can (VP (VP volunteer (PP-LOC-CLR at (NP (NP any) (PP of (NP (NP thousands) (PP of (NP non-profit institutions))))))) , or (VP participate (PP-LOC-CLR in (NP (NP service programs) (VP (VP required (NP *) (PP by (NP-LGS high schools))) or (VP encouraged (NP *) (PP by (NP-LGS colleges or employers))))))))) .)) (TOP (S (NP-SBJ Underclass youth) (VP do n't (VP have (NP those opportunities))) .)) (TOP (S (NP-SBJ-1 They) (VP are not (ADJP-PRD enrolled (PP in (NP (NP high school) or (NP college))))) .)) (TOP (S (NP-SBJ They) (VP are (ADJP-PRD unlikely (S (NP-SBJ-1 *) (VP to (VP be (VP employed (NP *-1))))))) .)) (TOP (S And (NP-SBJ-1 they) (VP have (VP grown (PRT up) (PP-LOC-CLR in (NP (ADJP unprecedentedly grim) circumstances)) , (PP-LOC-CLR among (S-NOM (NP-SBJ family structures) (VP breaking (PRT down)))) , (S-ADV (NP-SBJ *-1) (VP surrounded (PP by (NP (NP self-destructive behaviors) and (NP bleak prospects))))))) .)) (TOP (S But (NP-SBJ-1 (NP many) (PP of (NP them))) (VP can (VP be (ADVP quite profoundly) (VP reoriented (NP *-1) (PP by (NP-LGS (ADJP productive and disciplined) service))))) .)) (TOP (S (S (NP-SBJ Some) (VP wo n't (VP accept (NP the discipline)))) ; (S (NP-SBJ others) (VP drop (PRT out) (PP-PRP for (NP other reasons)))) .)) (TOP (S But (NP-SBJ-1 (NP some) (SBAR (WHNP-2 whom) (S (NP-SBJ nothing else) (VP is (VP reaching (NP *T*-2)))))) (VP are (VP transformed (NP *-1))) .)) (TOP (S (S (S-ADV (NP-SBJ *) (VP (VP Learning (NP skills)) , (VP producing (NP something) (ADVP-MNR cooperatively)) , (VP feeling (ADJP-PRD useful))) ,) (NP-SBJ they) (VP are (ADVP-TMP no longer) (ADJP-PRD dependent))) -- (S (NP-SBJ others) (ADVP-TMP now) (VP depend (PP-LOC-CLR on (NP them)))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ (NP it) (S *EXP*-1)) (VP is (ADJP-PRD cheaper) (S-1 (NP-SBJ *) (VP to (VP (VP build (NP playgrounds)) or (VP paint (NP apartments)) or (VP plant (NP dune-grass)) (PP-MNR with (NP paid professionals)))))))) , (NP-SBJ (NP the effects) (PP-LOC on (NP (NP the young people) (VP providing (NP those services))))) (VP alter (NP the calculation)) .)) (TOP (S (S-ADV (NP-SBJ *) (VP (ADVP-MNR Strictly) speaking)) , (NP-SBJ these youth) (VP are not (VP performing (NP service))) .)) (TOP (S (NP-SBJ They) (VP are (VP (VP giving (PRT up) (NP no income)) , (VP deferring (NP no careers)) , (VP incurring (NP no risk)))) .)) (TOP (S But (S (NP-SBJ they) (VP believe (S (NP-SBJ themselves) (VP to (VP be (VP serving)))))) , and (S (NP-SBJ-1 they) (VP begin (S (NP-SBJ *-1) (VP (VP to (VP respect (NP (NP themselves) (PRN -LRB- and (NP others) -RRB-)))) , (VP to (VP take (NP (NP control) (PP of (NP their lives))))) , (VP to (VP think (PP-CLR of (NP the future)))))))) .)) (TOP (S (NP-SBJ That) (VP is (NP-PRD (NP a service) (PP to (NP the nation)))) .)) (TOP (S (NP-SBJ It) (VP is (SBAR-PRD (WHNP-1 what) (S (NP-SBJ-2 federal support) (VP should (VP try (ADVP-MNR hardest) (S (NP-SBJ *-2) (VP to (VP achieve (NP *T*-1))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Szanton) , (NP a Carter administration budget official) ,) (VP heads (NP his own Washington-based strategic planning firm)) .)) (TOP (S (NP-SBJ He) (VP is (NP-PRD (NP a co-author) (PP of `` (NP-TTL (NP National Service) : (SBARQ (WHNP-1 What) (SQ Would (NP-SBJ It) (VP Mean (NP *T*-1)))))))) ? '')) (TOP (NP -LRB- (NP Lexington Books) , (NP-TMP 1986) -RRB- .)) (TOP (S (NP-SBJ-2 (NP Government officials) (UCP-LOC (ADVP here) and (PP in (NP other countries)))) (VP (VP laid (NP (NP plans (S *ICH*-1)) (PP-TMP through (NP the weekend)) (S-1 (NP-SBJ *) (VP to (VP head (PRT off) (NP a Monday market meltdown)))))) -- but (VP went (PP-CLR out (PP of (NP their way))) (S-PRP (NP-SBJ *-2) (VP to (VP keep (S (NP-SBJ their moves) (ADJP-PRD quiet))))))) .)) (TOP (S (NP-SBJ Federal Reserve Chairman Alan Greenspan) (VP was (PP-LOC-PRD on (NP the telephones)) , (S-ADV (NP-SBJ *) (VP making (S (NP-SBJ (NP it) (SBAR *EXP*-1)) (ADJP-PRD clear (PP to (NP officials (UCP-LOC (PP in (NP the U.S.)) and (ADVP abroad))))) (SBAR-1 that (S (NP-SBJ the Fed) (VP was (ADJP-PRD prepared (S (NP-SBJ *) (VP to (VP inject (NP (NP massive amounts) (PP of (NP money))) (PP-DIR into (NP the banking system)) , (SBAR-ADV as (S (NP-SBJ it) (VP did (PP-TMP in (NP October 1987))))))))) , (SBAR-ADV if (S (NP-SBJ the action) (VP were (VP needed (S-PRP (NP-SBJ *) (VP to (VP prevent (NP a financial crisis))))))))))))))) .)) (TOP (S And (PP-LOC at (NP the Treasury)) , (NP-SBJ Secretary Nicholas Brady) (VP talked (PP-CLR with (NP (NP friends and associates) (PP-LOC on (NP Wall Street)))) (SBAR-TMP while (S (NP-SBJ Assistant Secretary David Mullins) (VP (ADVP-MNR carefully) analyzed (NP (NP data) (PP on (NP the Friday market plunge))))))) .)) (TOP (S But (NP-SBJ the officials) (VP feared (SBAR that (S (NP-SBJ any public announcements) (VP would (ADVP only) (VP increase (NP market jitters)))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP officials) (PP-LOC (PP at (NP the Fed)) and (PP in (NP the Bush administration)))) (VP decided (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP avoiding (NP overt actions and statements) (PP-TMP over (NP the weekend)))) (VP would (VP give (NP them) (NP more strength and flexibility) (SBAR-ADV (SINV should (NP-SBJ (NP Friday 's) market drop) (VP turn (PP-CLR into (NP (NP this morning 's) rout)))))))))) .)) (TOP (SINV `` (S-TPC-3 (NP-SBJ The disadvantage) (PP-TMP at (NP this point)) (VP is (SBAR-PRD that (S (NP-SBJ-4 (NP anything) (SBAR (WHNP-2 0) (S (NP-SBJ you) (VP do (NP *T*-2)))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP looks (SBAR-CLR like (S (NP-SBJ you) (VP are (VP doing (NP too much))))))))) (VP tends (S (NP-SBJ *-4) (VP to (VP reinforce (NP (NP a sense) (PP of (NP crisis))))))))))) , '' (VP said (S *T*-3)) (NP-SBJ (NP one government official) , (VP insisting (PP-CLR on (NP anonymity)))) .)) (TOP (S (NP-SBJ-1 (NP (NP The Fed 's) efforts) (PP at (NP secrecy))) (VP were (ADVP partly) (VP foiled (NP *-1) (NP-TMP (NP Sunday morning) , (SBAR (WHADVP-2 when) (S (NP-SBJ both (NP (NP the New York Times) and (NP the Washington Post))) (VP carried (NP (NP stories) (VP quoting (S (NP-SBJ a senior Fed official) (VP saying (SBAR 0 (S (NP-SBJ the central bank) (VP was (ADJP-PRD prepared (S (NP-SBJ *) (VP to (VP pour (NP cash) (PP-DIR into (NP the banking system)) (NP-TMP Monday morning)))))))))) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ-1 Fed Chairman Greenspan) (VP (VP was (VP surprised (NP *-1) (PP by (NP-LGS both stories)) , (PP according (PP to (NP knowledgeable sources))) ,)) and (VP insisted (SBAR 0 (S (NP-SBJ he) (VP had n't (VP authorized (NP any public comment))))))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ Fed officials) (VP acknowledged (SBAR 0 (S (NP-SBJ the stories) (VP were (NP-PRD (NP (ADJP reasonably accurate) portrayals) (PP of (NP (NP the central bank 's) game plan))))))) .)) (TOP (S (NP-SBJ It) (VP is (ADJP-PRD prepared (S (NP-SBJ *) (VP to (VP assume (NP (NP the same role) (SBAR (WHNP-2 0) (S (NP-SBJ it) (VP played (NP *T*-2) (PP-TMP in (NP October 1987))))) , (S-NOM (NP-SBJ *) (VP providing (NP money) (PP-CLR to (NP the markets)) (SBAR-ADV if (S (NP-SBJ *) (ADJP-PRD necessary))) (S-PRP (NP-SBJ *) (VP to (VP keep (S (NP-SBJ the financial system) (ADJP-PRD afloat))))))))))))) .)) (TOP (S (NP-SBJ-1 The Fed) (VP provides (NP money) (PP-CLR to (NP the banking system)) (PP-MNR by (S-NOM (NP-SBJ *-1) (VP buying (NP government securities) (PP-CLR from (NP financial institutions)))))) .)) (TOP (S (NP-SBJ (NP The reticence) (PP of (NP federal officials))) (VP was (ADJP-PRD evident) (PP-LOC-CLR in (NP (NP the appearance) (NP-TMP Sunday) (PP of (NP Budget Director (NP Richard Darman))) (PP on (NP (NP ABC 's) `` This Week))))) . '')) (TOP (S `` (NP-SBJ (NP (NP (NAC Secretary (PP of (NP the Treasury))) Brady) and (NP Chairman Greenspan)) and (NP (NP (NP the chairman) (PP of (NP the SEC))) and (NP others))) (VP have (VP been (PP-PRD in (NP close contact)))) .)) (TOP (S (S-TPC-4 (NP-SBJ I) (VP 'm (ADJP-PRD sure (SBAR 0 (S (NP-SBJ they) (VP 'll (VP do (SBAR-NOM (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP 's (ADJP-PRD right)))) , (SBAR (WHNP-2 what) (S (NP-SBJ *T*-2) (VP 's (ADJP-PRD prudent)))) , (SBAR (WHNP-3 what) (S (NP-SBJ *T*-3) (VP 's (ADJP-PRD sensible)))))))))))) , '' (NP-SBJ he) (VP said (S *T*-4)) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 it) (VP was (VP suggested (NP *-1) (SBAR 0 (S (NP-SBJ his comment) (VP was (NP-PRD a `` non-answer)))) (ADVP-TMP *T*-2))))) , '' (NP-SBJ Mr. Darman) (VP replied : `` (S (NP-SBJ It) (VP is (NP-PRD a non-answer)))) .)) (TOP (S But , (PP-LOC in (NP this context)) , (NP-SBJ that) (VP 's (NP-PRD (NP the smart thing) (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-1))))))) . '')) (TOP (S (PP-LOC At (NP the Treasury)) , (NP-SBJ Secretary Brady) (VP issued (NP (NP a statement) (VP minimizing (NP (NP the stock market 's) drop)))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ (NP Today 's) stock market decline) (VP does n't (VP signal (NP (NP any fundamental change) (PP-LOC in (NP (NP the condition) (PP of (NP the economy)))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S `` (S (NP-SBJ The economy) (VP remains (ADJP-PRD well-balanced))) , and (S (NP-SBJ the outlook) (VP is (PP-PRD for (NP continued moderate growth)))) . '')) (TOP (S But (NP-SBJ administration officials) (VP conceded (SBAR that (S (NP-SBJ (NP Friday 's) drop) (VP carried (NP (NP the chance) (PP of (NP (NP further declines) (NP-TMP this week)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ One possibility) (VP is (SBAR-PRD that (S (NP-SBJ this) (VP is (NP-PRD (NP (NP a surgical setback) , (ADJP reasonably limited (PP in (NP its breadth))) ,) and not (NP a major problem))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP one senior administration official) , (SBAR (WHNP-3 who) (S (ADVP also) (NP-SBJ *T*-3) (VP asked (SBAR that (S (NP-SBJ-1 he) not (VP be (VP named (NP *-1))))))))) .)) (TOP (S `` (NP-SBJ The other) (VP is (SBAR-PRD that (S (NP-SBJ we) (VP see (NP (NP another major disaster) , (PP like (ADVP (NP two years) ago))))))) .)) (TOP (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ that) (VP 's (ADJP-PRD less likely))))) . '')) (TOP (S (ADVP Nevertheless) , (NP-SBJ (NP Fed Chairman Greenspan) and (NP Vice Chairman Manuel Johnson)) (VP were (PP-LOC-PRD in (NP their offices)) (NP-PRD Sunday evening) , (S-ADV (NP-SBJ *) (VP monitoring (NP events) (SBAR-TMP as (S (NP-SBJ they) (VP unfolded (PP-LOC in (NP (NP markets) (PP-LOC around (NP the world)))))))))) .)) (TOP (S (NP-SBJ-1 The action) (VP was (VP expected (S (NP-SBJ *-1) (VP (VP to (VP begin (PP with (NP (NP the opening) (PP of (NP the New Zealand foreign exchange markets)) (PP-TMP at (NP (NP (NP 5 p.m.) (NP EST)) (PRN -- (SBAR (WHADVP-2 when) (S (NP-SBJ (NP stocks) (ADVP-LOC there)) (VP plunged (ADVP-TMP *T*-2)))) --))))))) and (VP to (VP continue (SBAR-TMP as (S (NP-SBJ the trading day) (VP (VP began (PP-TMP-3 (ADVP later) in (NP the evening)) (PP-LOC-4 in (NP Tokyo))) and (VP (PP-TMP=3 through (NP early this morning)) (PP-LOC=4 in (NP Europe)))))))))))) .)) (TOP (S (NP-SBJ-1 Both (NP (NP the Treasury) and (NP the Fed))) (VP planned (S (NP-SBJ *-1) (VP to (VP keep (S (NP-SBJ market rooms) (VP operating (PP-TMP throughout (NP the night)) (S-PRP (NP-SBJ *) (VP to (VP monitor (NP the developments)))))))))) .)) (TOP (S (PP-LOC In (NP Tokyo)) , (NP-SBJ share prices) (VP dropped (ADVP sharply) (PP-EXT by (NP 1.7 %)) (PP-LOC in (NP early Monday morning trading))) .)) (TOP (S (S (PP-TMP-2 After (NP the initial slide)) , (NP-SBJ-1 the market) (VP-3 appeared (S (NP-SBJ *-1) (VP to (VP be (VP turning (ADVP-DIR around))))))) but (S (PP-TMP=2 by (NP early afternoon)) (VP=3 was (VP headed (ADVP-DIR lower)))) .)) (TOP (S (PP-LOC In (NP the Bush administration)) , (NP-SBJ-1 the lead) (VP is (VP being (VP taken (NP *-1) (PP by (NP-LGS (NP Treasury Secretary Brady) , (NP Undersecretary Robert Glauber) and (NP Assistant Secretary Mullins)))))) .)) (TOP (S (NP-SBJ The three men) (VP worked (ADVP-MNR together) (PP-CLR on (NP (NP the so-called Brady Commission) , (VP headed (NP *) (PP by (NP-LGS Mr. Brady))) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP established (NP *-1) (PP-TMP-CLR after (NP the 1987 crash)) (S-CLR (NP-SBJ *) (VP to (VP examine (NP (NP the market 's) collapse))))))))))) .)) (TOP (S (PP As (NP a result)) (NP-SBJ they) (VP have (NP (NP extensive knowledge) (PP-LOC in (NP (NP financial markets) , and (NP financial market crises))))) .)) (TOP (S-2 (NP-SBJ Mr. Brady) (VP was (PP-LOC-PRD at (NP the White House)) (NP-TMP Friday afternoon) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (NP the stock market 's) decline) (VP began (ADVP-TMP *T*-1))))) .)) (TOP (S (NP-SBJ He) (VP was (ADVP quickly) (PP-LOC-PRD (PP on (NP the phone)) (PP with (NP (NP Mr. Mullins) , (SBAR (WHNP-3 who) (S (PP in (NP turn)) (NP-SBJ *T*-3) (VP was (VP talking (PP-CLR with (NP (NP the chairmen) (PP of (NP the New York and Chicago exchanges)))))))))))) .)) (TOP (S (ADVP-TMP Later) , (NP-SBJ Mr. Brady) (VP phoned (NP (NP Mr. Greenspan) , (NP SEC Chairman Richard Breeden) and (NP (NP numerous contacts) (UCP-LOC (PP in (NP New York)) and (ADVP overseas))))) .)) (TOP (S (NP-SBJ Aides) (VP say (SBAR 0 (S (NP-SBJ-4 he) (VP continued (S (NP-SBJ *-4) (VP to (VP work (NP the phones)))) (PP-TMP through (NP the weekend)))))) .)) (TOP (S (NP-SBJ Administration officials) (VP say (SBAR 0 (S (NP-SBJ-1 President Bush) (VP was (VP briefed (NP *-1) (PP-TMP throughout (NP Friday afternoon and evening)) , (PP (ADVP even) after (S-NOM (NP-SBJ *) (VP leaving (PP-DIR for (NP Camp David)))))))))) .)) (TOP (S (NP-SBJ He) (VP had (NP (NP frequent telephone consultations) (PP with (NP (NP Mr. Brady) and (NP Michael Boskin) , (NP (NP chairman) (PP of (NP (NP the counsel) (PP of (NP economic advisers))))))))) .)) (TOP (S (NP-SBJ-5 Government officials) (VP tried (PP-TMP throughout (NP the weekend)) (S (NP-SBJ *-5) (VP to (VP render (NP a business-as-usual appearance)))) (SBAR-PRP in order (S (NP-SBJ *-5) (VP to (VP avoid (NP (NP any sense) (PP of (NP panic)))))))) .)) (TOP (S (NP-SBJ Treasury Undersecretary David Mulford) , (PP for (NP instance)) , (VP (VP was (PP-LOC-PRD at (NP (NP a meeting) (PP of (NP the Business Council)) (PP-LOC in (NP (NP Hot Springs) , (NP Va.))))) , (SBAR-TMP (WHADVP-6 when) (S (NP-SBJ the stock market) (VP fell (ADVP-TMP *T*-6))))) , and (VP remained (NP-LOC-PRD there) (PP-TMP through (NP the following day)))) .)) (TOP (S And (PP-TMP as (PP of (NP last night))) , (NP-SBJ Fed Chairman Greenspan) (VP had n't (VP canceled (NP his plans (S (NP-SBJ *) (VP to (VP address (NP the American Bankers Association convention) (PP-LOC in (NP Washington)) (PP-TMP at (NP 10 a.m.)) (NP-TMP this morning))))))) .)) (TOP (S (ADVP Ironically) , (NP-SBJ-7 Mr. Greenspan) (VP was (VP scheduled (S (NP-SBJ *-7) (VP to (VP address (NP the same convention) (PP-LOC in (NP Dallas)) (PP-TMP on (NP Oct. 20 , 1987))))))) .)) (TOP (S (NP-SBJ-9 He) (VP (VP flew (PP-DIR to (NP Dallas)) (PP-TMP on (NP (NP Oct. 19) , (SBAR (WHADVP-8 when) (S (NP-SBJ the market) (VP plummeted (NP-EXT 508 points) (ADVP-TMP *T*-8))))))) , but (ADVP then) (VP turned (ADVP-CLR around) (NP-TMP the next morning)) and (VP returned (PP-DIR to (NP Washington)) (PP without (S-NOM (NP-SBJ *-9) (VP delivering (NP his speech)))))) .)) (TOP (SINV (ADJP-PRD-TPC-1 Following) (VP is (ADJP-PRD *T*-1)) (NP-SBJ (NP a weekly listing) (PP of (NP (NP unadited net asset values) (PP of (NP (NP (ADJP publicly traded) investment fund shares) , (VP reported (NP *) (PP by (NP-LGS the companies)) (PP-TMP as (PP of (NP (NP Friday 's) close))))))))) .)) (TOP (SINV (VP-TPC-1 (ADVP Also) shown (NP *-2)) (VP is (VP *T*-1)) (NP-SBJ-2 (NP the closing listed market price) or (NP (NP a dealer-to-dealer asked price) (PP of (NP (NP each fund 's) shares)))) , (PP with (NP (NP the percentage) (PP of (NP difference)))) .)) (TOP (X (X b) - (PP-TMP As (PP of (NP (NP Thursday 's) close))) .)) (TOP (X (X c) - (S (NP-SBJ *) (VP Translated (PP-CLR at (NP Commercial Rand exchange rate)))) .)) (TOP (X (X e) - (PP In (NP Canadian dollars)) .)) (TOP (X (X f) - (PP-TMP As (PP of (NP (NP Wednesday 's) close))) .)) (TOP (X (X g) - (NP 10.06.89 NAV:22.15) .)) (TOP (X (X z) - (ADJP Not available) .)) (TOP (S (NP-SBJ *) (VP Put (ADVP-PUT down) (NP that phone)) .)) (TOP (S (S (NP-SBJ *) (VP Walk (PP-DIR around (NP the room)))) ; (S (NP-SBJ *) (VP take (NP two deep breaths))) .)) (TOP (S (NP-SBJ *) (VP Resist (NP the urge (S (NP-SBJ *) (VP to (VP (VP call (NP your broker)) and (VP sell (NP all your stocks))))))) .)) (TOP (S (NP-SBJ That) (VP 's (NP-PRD (NP the advice) (PP of (NP most investment professionals))) (PP after (NP (NP (NP Friday 's) 190-point drop) (PP-LOC in (NP the Dow Jones Industrial Average))))) .)) (TOP (S (NP-SBJ No one) (VP can (VP say (PP for (ADJP sure)) (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP will (VP happen (NP-TMP-CLR today))))))) .)) (TOP (S And (NP-SBJ-1 investment pros) (VP are (ADJP-PRD divided) (PP on (SBAR whether (S (NP-SBJ stocks) (VP will (VP perform (ADVP well or badly) (PP-TMP in (NP the next six months)))))))) .)) (TOP (S (S But (NP-SBJ they) (VP 're (ADJP-PRD nearly unanimous) (PP on (NP one point)))) : (S (NP-SBJ *) (VP Do n't (VP sell (PP-DIR into (NP a panic))))) .)) (TOP (S (NP-SBJ-2 (NP Investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP sold (NP everything) (PP-TMP after (NP (NP the crash) (PP-TMP of (NP 1987)))))))) (VP lived (S (NP-SBJ *-2) (VP to (VP regret (NP it))))) .)) (TOP (S (PP-TMP (ADVP Even) after (NP (NP Friday 's) plunge)) , (NP-SBJ the Dow Jones Industrial Average) (VP was (PP-PRD (NP-ADV 48 %) above (SBAR-NOM (WHADVP-1 where) (S (NP-SBJ it) (VP landed (PP-TMP on (NP Oct. 19)) (ADVP-TMP (NP two years) ago) (ADVP-LOC *T*-1)))))) .)) (TOP (S (NP-SBJ Panic selling) (ADVP also) (VP was (ADJP-PRD unwise) (PP-TMP during (NP (NP other big declines) (PP-TMP in (NP the past))))) .)) (TOP (S (NP-SBJ-1 (NP The crash) (PP of (NP 1929))) (VP was (VP followed (NP *-1) (PP-CLR by (NP a substantial recovery)) (PP before (NP (S (NP-SBJ the (NX (NX (NX great Depression) and (NX awful bear market)) (PP of (NP the 1930s)))) (VP began)))))) .)) (TOP (S (NP-SBJ (NP The `` October massacres '') (PP of (NP 1978 and 1979))) (VP (VP were (ADJP-PRD scary)) , but (VP did n't (VP lead (PP-CLR to (NP (ADJP severe or sustained) downturns))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ some pros) (VP see (NP (NP (NP Friday 's) plunge) , plus (NP (NP any further damage) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP might (VP occur (NP-TMP-CLR early this week)))))) ,) (PP-CLR as (NP (NP a chance) (PP for (NP bargain hunting))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ There) (VP has (VP been (NP-PRD (NP a lot) (PP of (NP (NP emotional selling) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP presents (NP a nice buying opportunity) (SBAR-ADV if (S (NP-SBJ you) (VP 've (VP got (NP the cash)))))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Stephen B. Timbers) , (NP (NP chief investment officer) (PP of (NP Chicago-based Kemper Financial Services Inc)))) .)) (TOP (S But (NP-SBJ most advisers) (VP think (SBAR 0 (S (NP-SBJ (NP the immediate course) (PP for (NP individual investors))) (VP should (VP be (S-PRD (NP-SBJ-1 *) (VP to (VP stand (S-CLR (NP-SBJ *-1) (ADVP-PRD pat)))))))))) .)) (TOP (S-1 `` (SBAR-TMP (WHADVP When) (S (NP-SBJ you) (VP see (NP a runaway train)))) (PRN , '' (SINV (VP says (S *T*-1)) (NP-SBJ (NP Steve Janachowski) , (NP (NP partner) (PP-LOC in (NP (NP the San Francisco investment advisory firm) (NP Brouwer & Janachowski)))))) ,) `` (NP-SBJ you) (VP wait (SBAR-CLR for (S (NP-SBJ the train) (VP to (VP stop))))) . '')) (TOP (S (PP (ADVP Even) for (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP expect (NP (NP a bear market) (PP-TMP in (NP coming months))) (PRN -- and (S (NP-SBJ (NP a sizable number) (PP of (NP (NP money managers) and (NP market pundits)))) (VP do (VP *?*))) --)))))) (NP-SBJ the advice) (VP is : (S-PRD (NP-SBJ *) (VP (VP Wait (SBAR-CLR for (S (NP-SBJ the market) (VP to (VP bounce (ADVP-DIR back)))))) , and (VP sell (NP shares) (ADVP-MNR gradually) (PP-TMP during (NP rallies)))))) .)) (TOP (SINV (S-TPC-3 (NP-SBJ (NP The best thing) (SBAR (WHNP-2 0) (S (NP-SBJ individual investors) (VP can (VP do (NP *T*-2)))))) (VP is (S-PRD (NP-SBJ *) `` (ADVP just) (VP sit (ADVP-MNR tight))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP Marshall B. Front) , (NP (NP (NP executive vice president) and (NP (NP head) (PP of (NP investment counseling)))) (PP-LOC at (NP (NP Stein Roe & Farnham Inc.) , (NP (NP a Chicago-based investment counseling firm) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP manages (NP (QP about $ 18 billion) *U*))))))))) .)) (TOP (S-2 (PP On (NP the one hand)) (PRN , (S (NP-SBJ Mr. Front) (VP says (SBAR 0 (S *T*-2)))) ,) (NP-SBJ (NP it) (S *EXP*-1)) (VP would (VP be (ADJP-PRD misguided) (S-1 (NP-SBJ *) (VP to (VP sell (PP-DIR into (NP `` a classic panic))))))) . '')) (TOP (S (PP On (NP the other hand)) , (NP-SBJ it) (VP 's (ADVP not necessarily) (NP-PRD (NP a good time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP (VP jump (ADVP-DIR in)) and (VP buy) (ADVP-TMP *T*-1))))))) .)) (TOP (S `` (S-TPC-3 (S (NP-SBJ This) (VP is (NP-PRD all emotion) (ADVP-TMP right now))) , and (S (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ-2 emotion) (VP starts (S (NP-SBJ *-2) (VP to (VP run))) (ADVP-TMP *T*-1)))) , (NP-SBJ it) (VP can (VP run (ADVP (ADVP further) (SBAR than (S (NP-SBJ anyone) (VP anticipates)))))))) , '' (NP-SBJ he) (VP said (S *T*-3)) .)) (TOP (S `` (ADVP So) (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD more prudent) (S-1 (NP-SBJ *) (VP to (VP (VP wait) and (VP see (SBAR (WHADVP-2 how) (S (NP-SBJ things) (VP stabilize (ADVP *T*-2))))))))) . '')) (TOP (S (NP-SBJ (NP Roger Ibbotson) , (NP (NP (NP professor) (PP of (NP finance)) (PP-LOC at (NP Yale University))) and (NP (NP head) (PP of (NP the market information firm Ibbotson Associates Inc.)))) ,) (VP says , `` (S (NP-SBJ My real advice) (VP would (VP be (S-PRD (NP-SBJ *) (VP to (ADVP just) (VP ride (PP-LOC-CLR through (NP it))))))))) .)) (TOP (S (ADVP Generally) , (NP-SBJ it) (VP is n't (ADJP-PRD wise (S (NP-SBJ *) (VP to (VP be (PP-LOC-PRD (PP in (NP *RNR*-1)) and (PP out '' (PP of (NP *RNR*-1))) (NP-1 the stock market))))))) .)) (TOP (S (NP-SBJ Mr. Ibbotson) (VP thinks (SBAR that (S (NP-SBJ-1 this week) (VP is `` (VP going (S (NP-SBJ *-1) (VP to (VP be (NP-PRD a roller-coaster week))))))))) . '')) (TOP (S But (NP-SBJ he) (ADVP also) (VP thinks (SBAR 0 (S (NP-SBJ it) (VP is `` (NP-PRD (NP a good week) (SBAR (WHADVP-1 0) (S (NP-SBJ-2 *) (VP to (VP consider (S (NP-SBJ *-2) (VP buying)) (ADVP-TMP *T*-1)))))))))) . '')) (TOP (S (NP-SBJ (NP John Snyder) , (NP (NP former president) (PP of (NP (NP the Los Angeles chapter) (PP of (NP (NP (NP the National Association) (PP of (NP Investors Corp.))) , (NP (NP an organization) (PP of (NP (NP investment clubs) and (NP individual investors))))))))) ,) (VP says (SBAR 0 (S (NP-SBJ his fellow club members) (VP (VP did n't (VP sell (PP-TMP in (NP (NP the crash) (PP of (NP 1987)))))) , and (VP see (NP (NP no reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP sell (ADVP-TMP now) (ADVP-PRP *T*-1))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ We) (VP 're (NP-PRD (NP dedicated long-term investors) , not (NP traders)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-SBJ We) (VP understand (NP panics and euphoria)) .)) (TOP (S And (NP-SBJ-1 we) (VP hope (S (NP-SBJ *-1) (VP to (VP (VP take (NP advantage) (PP-CLR of (NP panics))) and (VP buy (NP stocks) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ they) (VP plunge (ADVP-TMP *T*-2))))))))) . '')) (TOP (S (NP-SBJ (NP One camp) (PP of (NP investment pros))) (VP sees (SBAR-NOM (WHNP-1 what) (S (NP-SBJ *T*-1) (VP happened (NP-TMP Friday)))) (PP-CLR as (NP an opportunity))) .)) (TOP (S-1 (PP-TMP Over (NP the next days and weeks)) (PRN , (S (NP-SBJ they) (VP say (SBAR 0 (S *T*-1)))) ,) (NP-SBJ investors) (VP should (VP look (PP-CLR for (NP (NP stocks) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP buy (NP *T*-2))))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Friday 's) action) `` (VP was (NP-PRD an old-fashioned panic))) , '' (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Alfred Goldman) , (NP (NP director) (PP of (NP technical market analysis)) (PP for (NP (NP (NP A.G. Edwards) & (NP Sons)) (PP-LOC in (NP St. Louis)))))) .)) (TOP (S `` (NP-SBJ-1 Stocks) (VP were (VP being (VP thrown (NP *-1) (ADVP-DIR out (PP of (NP windows))) (PP at (NP any price))))) . '')) (TOP (FRAG (NP His advice) : `` (S (NP-SBJ-1 You) (VP ought (S (NP-SBJ *-1) (VP to (VP be (NP-LOC-PRD there) (PP with (NP a basket)) (S-CLR (NP-SBJ *) (VP catching (NP them)))))))) . '')) (TOP (S (NP-SBJ (NP James Craig) , (NP (NP portfolio manager) (PP for (NP (NP the Denver-based Janus Fund) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (NP (NP one) (PP of (NP (NP the industry 's) better track records)))))) ,)))) (VP started (NP his buying) (PP-TMP during (NP (NP Friday 's) plunge))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Stocks) (PP such as (NP (NP Hershey Foods Corp.) , (NP Wal-Mart Stores Inc.) , (NP American International Group Inc.) and (NP Federal National Mortgage Association)))) (VP became (NP-PRD (NP such bargains) (SBAR that (S (NP-SBJ he) (VP could n't (VP resist (NP them)))))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S And (NP-SBJ-1 Mr. Craig) (VP expects (S (NP-SBJ *-1) (VP to (VP pick (PRT up) (NP more shares) (NP-TMP today))))) .)) (TOP (S `` (S-TPC-2 (S (NP-SBJ It) (VP will (VP be (ADJP-PRD chaotic) (PP-TMP at (ADVP first))))) , but (S (NP-SBJ I) (VP would not (VP be (VP buying (SBAR-ADV if (S (NP-SBJ I) (VP thought (SBAR 0 (S (NP-SBJ-1 we) (VP were (VP headed (NP *-1) (PP-DIR for (NP real trouble)))))))))))))) , '' (NP-SBJ he) (VP says (S *T*-2)) .)) (TOP (S (NP-SBJ He) (VP argues (SBAR (SBAR that (S (NP-SBJ-1 stocks) (VP are (VP (ADVP-MNR reasonably) valued (NP *-1))) (ADVP-TMP now))) , and (SBAR that (S (NP-SBJ interest rates) (VP are (ADJP-PRD (ADJP lower) (PP *ICH*-2)) (ADVP-TMP now) (PP-2 than (PP-TMP in (NP (NP the fall) (PP of (NP 1987)))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Front) (PP of (NP Stein Roe))) (VP suggests (SBAR that (S (NP-SBJ any buying) (VP should `` (VP concentrate (PP-LOC-CLR in (NP (NP (NP stocks) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP have (VP lagged (NP the market) (PP-LOC on (NP the up side))))))) , or (NP (NP stocks) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP have (VP been (VP beaten (NP *-1) (ADVP-CLR down) (ADVP-TMP (NP (NP a lot) more) (PP than (NP the market))) (PP-LOC in (NP this correction))))))))))))))) . '')) (TOP (S (NP-SBJ His firm) (VP favors (NP selected computer , drug and pollution-control stocks)) .)) (TOP (S (NP-SBJ Other investment pros) (VP are (ADJP-PRD more pessimistic)) .)) (TOP (S (NP-SBJ They) (VP say (SBAR 0 (S (NP-SBJ investors) (VP should (VP sell (NP stocks) -- but (ADVP-TMP (ADVP not necessarily) right away)))))) .)) (TOP (S (NP-SBJ (NP Many) (PP of (NP them))) (VP stress (SBAR that (S (NP-SBJ the selling) (VP can (VP be (ADJP-PRD (ADJP orderly) , (ADJP gradual) , and (VP done (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ stock prices) (VP are (VP rallying (ADVP-TMP *T*-1)))))))))))) .)) (TOP (S (PP-TMP On (NP Thursday)) , (NP-SBJ (NP William Fleckenstein) , (NP a Seattle money manager) ,) (VP used (NP-1 (NP futures contracts) (PP in (NP his personal account))) (S-CLR (NP-SBJ *-1) (VP to (VP place (NP a bet (SBAR that (S (NP-SBJ the broad market averages) (VP would (VP decline))))))))) .)) (TOP (S (NP-SBJ He) (VP thinks (SBAR 0 (S (NP-SBJ the underlying inflation rate) (VP is (NP-PRD (NP (QP around 5 % to 6 %) *U*) , (ADJP (ADJP far higher) (SBAR than (S (NP-SBJ most people) (VP suppose))))))))) .)) (TOP (S (PP-LOC In (NP (NP the pension accounts) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP manages (NP *T*-1)))))) , (NP-SBJ Mr. Fleckenstein) (VP has (VP (VP raised (NP cash positions)) and (VP (VP invested (PP-LOC-CLR in (NP (NP gold (NX *RNR*-2)) and (NP natural gas (NX *RNR*-2)) (NX-2 stocks))) , (PP (ADVP partly) as (NP an inflation hedge)))))) .)) (TOP (S (NP-SBJ He) (VP thinks (SBAR 0 (S (NP-SBJ government officials) (VP are (ADJP-PRD terrified (S (NP-SBJ *) (VP to (VP let (S (NP-SBJ a recession) (VP start)) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ (UCP government , corporate and personal) debt levels) (VP are (ADJP-PRD so high) (ADVP-TMP *T*-1)))))))))))) .)) (TOP (S (ADVP So) (NP-SBJ he) (VP thinks (SBAR 0 (S (NP-SBJ the government) (VP will (VP err (PP-LOC-CLR on (NP (NP the side) (PP of (NP rekindled inflation))))))))) .)) (TOP (S-1 (PP As (NP a result)) (PRN , (S (NP-SBJ Mr. Fleckenstein) (VP says (SBAR 0 (S *T*-1)))) ,) `` (S (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ the ball game) (VP 's (ADJP-PRD over)))))) , '' and (S (NP-SBJ-2 investors) (VP are (VP about (S (NP-SBJ *-2) (VP to (VP face (NP a bear market))))))) .)) (TOP (S (NP-SBJ (NP David M. Jones) , (NP (NP vice president) (PP-LOC at (NP Aubrey G. Lanston & Co.))) ,) (VP recommends (NP (NP Treasury securities) (PRN -LRB- (PP of (NP (NP (QP up to five) years ') maturity)) -RRB-))) .)) (TOP (S (NP-SBJ He) (VP says (SBAR 0 (S (NP-SBJ (NP the Oct. 6 employment report) , (VP showing (NP (NP slower economic growth) and (NP (NP a severe weakening) (PP-LOC in (NP the manufacturing sector))))) ,) (VP is (NP-PRD (NP a warning sign) (PP to (NP investors))))))) .)) (TOP (S (NP-SBJ (NP One strategy) (PP for (NP (NP investors) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP (VP want (S (NP-SBJ *-3) (VP to (VP stay (ADJP-PRD in))))) but (VP hedge (NP their bets)))))))) (VP is (S-PRD (NP-SBJ *) (VP to (VP buy (NP (NP `` put '' options) , (PP-LOC either (PP on (NP (NP the individual stocks) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP own (NP *T*-2)))))) or (PP on (NP a broad market index)))))))) .)) (TOP (S (NP-SBJ A put option) (VP gives (NP its holder) (NP (NP the right (PRN -LRB- but not (NP the obligation) -RRB-) (S (NP-SBJ *) (VP to (VP sell (NP (NP a stock) (PRN -LRB- or (NP stock index) -RRB-)) (PP-CLR for (NP (NP a specified price) (PRN -LRB- (NP the strike price) -RRB-))) (SBAR-TMP until (S (NP-SBJ the option) (VP expires))))))))) .)) (TOP (S (SBAR-SBJ Whether (S (NP-SBJ this insurance) (VP is (ADJP-PRD worthwhile)))) (VP depends (PP-CLR on (NP (NP the cost) (PP of (NP an option))))) .)) (TOP (S (NP-SBJ (NP The cost) , or (NP premium) ,) (VP tends (S (NP-SBJ *) (VP to (VP get (ADJP-PRD fat) (PP-TMP in (NP (NP times) (PP of (NP crisis)))))))) .)) (TOP (S (ADVP Thus) , (S-NOM-SBJ (NP-SBJ *) (VP buying (NP puts) (PP-TMP after (NP a big market slide)))) (VP can (VP be (NP-PRD (NP an expensive way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP hedge (PP-CLR against (NP risk)) (ADVP-MNR *T*-1)))))))) .)) (TOP (S (NP-SBJ (NP The prices) (PP of (NP puts))) (ADVP generally) (VP did n't (VP soar (NP-TMP Friday))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP the premium) (PP as (NP (NP a percentage) (PP of (NP the stock price)))) (PP for (NP (NP certain puts) (PP-LOC on (NP Eli Lilly & Co.))))) (VP moved (ADVP-CLR up) (PP-DIR from (NP 3 %) (PP-TMP at (NP (NP Thursday 's) close))) (PP-DIR to (NP (QP only 3.3) %) (PP-TMP at (NP (NP Friday 's) close))) , (SBAR-ADV even though (S (NP-SBJ the shares) (VP dropped (NP (QP more than $ 5.50) *U*))))) .)) (TOP (S But (NP-SBJ put-option prices) (VP may (VP zoom (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ trading) (VP resumes (NP-TMP today) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-2)) (VP 's (ADJP-PRD hard) (S-2 (NP-SBJ *) (VP to (VP generalize (PP-CLR about (NP (NP a reasonable price) (PP for (NP puts)))))))) .)) (TOP (S (S But (NP-SBJ investors) (VP should (VP keep (PP-LOC-CLR in (NP mind)) , (PP-TMP before (S-NOM (NP-SBJ *) (VP paying (ADVP too much)))) , (SBAR that (S (NP-SBJ (NP the average annual return) (PP for (NP stock holdings))) , (ADVP-TMP long-term) , (VP is (NP-PRD (NP (QP 9 % to 10 %) *U*) (NP-ADV a year)))))))) ; (S (NP-SBJ-1 (NP a return) (PP of (NP 15 %))) (VP is (VP considered (S (NP-SBJ *-1) (ADJP-PRD praiseworthy))))) .)) (TOP (S (S-NOM-SBJ (NP-SBJ *) (VP Paying , (INTJ say) , (NP (NP 10 %) (PP for (NP (NP insurance) (PP against (NP losses))))))) (VP takes (NP a deep bite) (PP-CLR out (PP of (NP the return)))) .)) (TOP (S (NP-SBJ (NP James A. White) and (NP Tom Herman)) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (NP-SBJ Coldwell Banker Commercial Group) (VP said (SBAR 0 (S (NP-SBJ it) (VP sold (NP (NP (QP $ 47 million) *U*) (PP of (NP common stock))) (PP-DTV to (NP its employees)) (PP-CLR at (NP (NP $ 10 *U*) (NP-ADV a share))) , (S-ADV (NP-SBJ *) (VP giving (NP them) (NP (NP a total stake) (PP of (NP (QP more than 40) %)) (PP-LOC in (NP the commercial real estate brokerage firm))))))))) .)) (TOP (S (NP-SBJ-3 (NP The firm) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP was (VP acquired (NP *-1) (PP-TMP in (NP April)) (PP-CLR from (NP (NP Sears) , (NP Roebuck) & (NP Co.))) (PP-LOC in (NP a management-led buy-out)))))) ,) (VP had (VP planned (S (NP-SBJ *-3) (VP to (VP sell (NP (NP (NP (QP up to $ 56.4 million) *U*) (PP of (NP stock))) , or (NP (NP a 50 % stake) (PP-LOC in (NP the company))) ,) (PP-DTV to (NP its 5,000 employees))))))) .)) (TOP (S (SBAR-ADV Though (S (NP-SBJ the offering) (VP did n't (VP sell out)))) , (NP-SBJ (NP James J. Didion) , (NP (NP chairman) and (NP chief executive officer)) ,) (VP said , `` (S (NP-SBJ We) (VP 're (ADJP-PRD pretty proud (PP of (NP (NP the employees ') response)))))) . '')) (TOP (S (NP-SBJ He) (VP noted (SBAR that (S (PP unlike (NP (NP an employee stock ownership plan) , (SBAR (WHADVP-2 where) (S (NP-SBJ a company) (ADVP-TMP usually) (VP borrows (NP money) (PP-CLR from (NP third party lenders)) (S-PRP (NP-SBJ *) (VP to (VP buy (NP (NP stock) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP sets (NP *T*-1) (ADVP-LOC-CLR aside) (S-PRP (NP-SBJ *) (VP to (VP award (NP employees) (PP-TMP over (NP time)))))))))))) (ADVP *T*-2)))) ,)) (ADVP-LOC here) (NP-SBJ-3 employees) (VP had (S (NP-SBJ *-3) (VP to (VP fork (PRT out) (NP their own cash) (PP-CLR for (NP the stock))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ They) (VP came (PRT up) (PP-CLR with (NP (NP their own money) (PP instead (PP of (NP borrowed money))))))) , '' (NP-SBJ Mr. Didion) (VP said (S *T*-1)) .)) (TOP (S `` (NP-SBJ It) (VP 's (ADJP-PRD totally different)) . '')) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ-1 the offering) (VP was (VP designed (S (NP-SBJ *-1) (VP to (VP create (NP (NP long-term incentives) (PP for (NP employees))))))))))) .)) (TOP (S `` (S (NP-SBJ We) (VP 're (PP-LOC-PRD in (NP a service business)))) , and (S (PP-LOC in (NP that context)) , (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD vital) (S-1 (NP-SBJ *) (VP to (VP have (S (NP-SBJ your employees) (VP involved (PP in (NP-LOC-CLR the ownership)))) (SBAR-PRP so (S (NP-SBJ they) (VP have (NP (NP a stake) (PP-LOC-CLR in (NP the success))))))))))) . '')) (TOP (S (NP-SBJ The brokerage firm) (VP wo n't (VP pay (NP (NP a dividend) (PP-LOC on (NP the stock))))) .)) (TOP (S (S (NP-SBJ Employees) (VP have (NP the right (S (NP-SBJ *) (VP to (VP trade (NP stock) (PP-LOC among (NP themselves)))))))) , and (S (NP-SBJ the company) (VP will (VP establish (NP (NP an internal clearing house) (PP for (NP these transactions)))))) .)) (TOP (S (S (NP-SBJ They) (VP may (ADVP also) (ADVP-TMP eventually) (VP sell (NP the shares) (PP-DTV to (NP third parties))))) , but (S (NP-SBJ (NP the outside investors) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP own (NP (NP the remaining 60 %) (PP of (NP Coldwell Banker))))))) (VP have (NP (NP the right) (PP to (NP first refusal))))) .)) (TOP (S (NP-SBJ (NP Those outside investors) (PP-LOC in (NP Coldwell Banker))) (VP include (NP (NP (NP Carlyle Group) , (NP (NP a (ADJP closely held) (NAC-LOC Washington , D.C. ,) merchant banking firm) (SBAR (WHNP-1 whose co-chairman) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP Frank Carlucci) , (NP (NP former secretary) (PP of (NP defense))))))))) ; (NP (NP Frederic V. Malek) , (NP (NP senior adviser) (PP to (NP Carlyle Group)))) ; (NP (NP Mellon Family Trust) (PP of (NP Pittsburgh))) ; (NP (NP Westinghouse Credit Corp.) , (NP (NP the financial services unit) (PP of (NP Westinghouse Electric Corp.)))) ; (NP (NP Bankers Trust Co.) , (NP (NP a unit) (PP of (NP Bankers Trust New York Corp.)))) ; and (NP (NP a group) (PP of (NP Japanese investors)) (VP represented (NP *) (PP by (NP-LGS (NP the investment banking unit) (PP of (NP Tokyo-based Sumitomo Bank)))))))) .)) (TOP (S (NP-SBJ (NP Bankers Trust) and (NP Sumitomo)) (VP financed (NP (NP the (ADJP (QP $ 300 million) *U*) acquisition) (PP from (NP Sears Roebuck)))) .)) (TOP (S (NP-SBJ Coldwell Banker) (ADVP also) (VP named (NP three outside director nominees) (PP-CLR for (NP its 17 member board))) .)) (TOP (S (NP-SBJ The nominees) (VP are (NP-PRD (NP (NP Gary Wilson) , (NP (NP chief financial officer) (PP of (NP Walt Disney Co.)))) ; (NP (NP James Montgomery) , (NP (NP chief executive officer) (PP of (NP Great Western Financial Corp.)))) ; and (NP (NP Peter Ubberroth) , (NP (NP (NP former commissioner) (PP of (NP baseball))) and (ADVP-TMP now) (NP a private investor))))) .)) (TOP (S (NP-SBJ (NP The first major event) (NP-TMP this morning) (PP-LOC in (NP U.S. stock and futures trading))) (VP may (VP be (NP-PRD (NP a pause) (PP-LOC at (NP the Chicago Mercantile Exchange))))) .)) (TOP (S (PP-LOC Under (NP (NP a reform) (VP arising (PP-TMP-CLR from (NP the 1987 crash))))) , (NP-SBJ (NP trading) (PP-LOC in (NP (NP the Merc 's) stock-index futures))) (VP will (VP break (PP-TMP for (NP 10 minutes)) (SBAR-ADV if (S (NP-SBJ the contract) (VP opens and stays (NP-LOC (NP (NP five points) (PP from (NP (NP Friday 's) close))) , (NP (NP a move) (ADJP equal (PP to (NP (NP 40 points) (PP-LOC on (NP the Dow Jones Industrial Average)))))))))))) .)) (TOP (S (NP-SBJ (NP The aim) (PP of (NP the interruption))) (VP would (VP be (S-PRD (NP-SBJ *) (VP to (VP ease (NP (NP the opening) (PP of (NP (NP the New York Stock Exchange) , (SBAR (WHNP-2 which) (S (NP-SBJ-1 *T*-2) (VP would (VP be (VP hammered (NP *-1) (PP by (NP-LGS (NP such a volatile move) (PP-LOC on (NP the Merc))))))))))))))))) .)) (TOP (S (NP-SBJ That early-morning breather) (VP is (NP-PRD (NP just one) (PP of (NP (NP a number) (PP of (NP (NP safeguards) (VP adopted (NP *) (PP-TMP after (NP the 1987 crash))))))))) .)) (TOP (S (NP-SBJ The Big Board) (ADVP also) (VP added (NP computer capacity) (S-PRP (NP-SBJ *) (VP to (VP handle (NP (NP huge surges) (PP in (NP trading volume))))))) .)) (TOP (S (NP-SBJ (NP Several) (PP of (NP those post-crash changes))) (VP (VP kicked (PRT in) (PP-TMP during (NP (NP Friday 's) one-hour collapse))) and (VP worked (SBAR-MNR as (S (NP-SBJ *) (VP expected)))) , (SBAR-ADV even though (S (NP-SBJ they) (VP did n't (VP prevent (NP a stunning plunge)))))) .)) (TOP (S But (NP-SBJ the major `` circuit breakers '') (VP have (ADVP-TMP yet) (S (NP-SBJ-1 *) (VP to (VP be (VP evaluated (NP *-1)))))) .)) (TOP (S (NP-SBJ A deeper market plunge) (NP-TMP today) (VP could (VP give (NP them) (NP their first test))) .)) (TOP (S (NP-SBJ A further slide) (ADVP also) (VP would (VP resurrect (NP (NP debate) (PP over (NP (NP a host) (PP of (NP (NP other , (ADJP more sweeping) changes) (VP proposed (PRN -- but not (VP implemented) --) (PP-TMP after (NP the last crash)))))))))) .)) (TOP (S (ADVP Most notably) , (NP-SBJ-1 (NP (NP several) (PP of (NP (NP the regulatory steps) (VP recommended (NP *) (PP by (NP-LGS (NP the Brady Task Force) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP analyzed (NP the 1987 crash)))) ,))))))) (VP would (VP be (VP revived (NP *-1) -- (SBAR-PRP especially because (S (NP-SBJ (NP that group 's) chairman) (VP is (ADVP-TMP now) (NP-PRD the Treasury secretary))))))) .)) (TOP (S (NP-SBJ (NP The (ADJP most controversial)) (PP of (NP the Brady recommendations))) (VP involved (S (NP-SBJ *) (VP establishing (NP a single overarching regulator) (S-CLR (NP-SBJ *) (VP to (VP handle (NP (NP crucial cross-market questions) , (PP such as (S-NOM (NP-SBJ *) (VP setting (NP (NP consistent margin requirements) (PP for (NP the stock and futures markets))))))))))))) .)) (TOP (S But (PP-TMP for (NP the moment)) , (S (NP-SBJ attention) (VP focuses (PP-LOC-CLR on (NP (NP the reforms) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP were (VP put (NP *-1) (PP-PUT into (NP place)))))))))) , and (S (NP-SBJ market regulators and participants) (VP said (SBAR 0 (S (NP-SBJ the circuit breakers) (VP worked (SBAR as (S (NP-SBJ *) (VP intended)))))))) .)) (TOP (S (NP-SBJ Big Board and Merc officials) (VP expressed (NP (NP satisfaction) (PP with (NP (NP the results) (PP of (NP (NP two limits) (VP imposed (NP *) (PP on of (NP (NP (NP (NP the Merc 's) Standard & Poor 's) 500 contract) , (CONJP as well as) (NP (NP `` hot-line '' communications) (PP-LOC among (NP exchanges)))))))))))) .)) (TOP (S (NP-SBJ (NP Those pauses) (PRN -- (PP-TMP (PP (PP from (NP 2:07 p.m.)) (PP to (NP 2:30 p.m.)) (NP CDT)) and (PP (PP from (NP 2:45 p.m.)) (PP until (NP (NP the close) (PP of (NP trading)) (ADVP-TMP (NP a half-hour) later))))) --)) (VP forced (S (NP-SBJ traders) (VP to (VP buy and sell (NP contracts) (PP-CLR at (NP (NP prices) (PP (PP at (NP *RNR*-1)) or (ADJP higher (PP than (NP *RNR*-1))) (NP-1 their frozen levels)))))))) .)) (TOP (S (PP-TMP During (NP the first halt)) , (SBAR-TMP after (S (NP-SBJ the S&P index) (VP had (VP fallen (NP-EXT 12 points))))) , (NP-SBJ-1 (NP the Big Board 's) `` Sidecar '' computer program) (ADVP automatically) (VP was (VP triggered (NP *-1))) .)) (TOP (S (NP-SBJ-1 That system) (VP is (VP designed (NP-SBJ *-1) (S-CLR (NP-SBJ *) (VP to (VP separate (NP computer-generated program trades) (PP-CLR from (NP all other trades)) (S-PRP (NP-SBJ *) (VP to (VP help (NP exchange officials) (VP resolve (NP (NP order imbalances) (PP in (NP individual stocks)))))))))))) .)) (TOP (S (NP-SBJ One Merc broker) (VP compared (NP (NP the action) (PP-LOC in (NP the S&P pit)) (PP-TMP during (NP the two freezes))) (PP-CLR to (NP (NP a fire) (PP-LOC at (NP a well-drilled school))))) .)) (TOP (SINV `` (S-TPC-2 (S (NP-SBJ You) (VP do n't (VP want (NP the fire)))) but (S (NP-SBJ you) (VP know (SBAR (WHNP-1 what) (S (NP-SBJ *) (VP to (VP do (NP *T*-1)))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Howard Dubnow) , (NP (NP an independent floor broker) and (NP a Merc governor))) .)) (TOP (S `` (NP-SBJ There) (VP was (NP-PRD no panic)) .)) (TOP (S (NP-SBJ The system) (VP worked (NP (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ we) (VP devised (S (NP-SBJ it) (VP to (VP work))) (ADVP-MNR *T*-1)))))) . '')) (TOP (S (PP After (S-NOM (NP-SBJ *) (VP reopening (PP-TMP for (NP (QP about 15) minutes))))) , (S (NP-SBJ the S&P index) (VP tumbled (PP-DIR to (NP its 30-point limit)))) and (S (NP-SBJ the second freeze) (VP went (PP-CLR into (NP effect)))) .)) (TOP (S (S-TPC-2 (NP-SBJ Traders) (ADVP-TMP then) (VP spent (NP the last half-hour) (S-CLR (NP-SBJ *) `` (VP watching (S-CLR (NP-SBJ *) (VP to (VP see (SBAR-CLR if (S (NP-SBJ the Dow) (VP would (VP drop (NP-EXT 250 points)))))))))))) , '' (NP-SBJ Mr. Dubnow) (VP added (SBAR 0 (S *T*-2)) , (S-ADV (NP-SBJ *) (VP referring (PP-CLR to (NP (NP the level) (SBAR (WHPP-1 at (WHNP which)) (S (NP-SBJ (NP the stock market) (NP itself)) (VP would (VP have (VP closed (PP-TMP for (NP an hour)) (PP-LOC *T*-1))))))))))) .)) (TOP (S (NP-SBJ One observer) (VP estimated (SBAR that (S (NP-SBJ-1 (NP (NP (QP 80 % to 90 %) *U*) (PP of (NP the S&P traders)))) `` (VP were (ADVP just) (VP standing (ADVP-LOC-CLR around) (S-CLR (NP-SBJ *-1) (VP watching))))))) . '')) (TOP (S (S But (NP-SBJ-2 the 250-point circuit breaker) (ADVP-TMP never) (VP had (S (NP-SBJ *-2) (VP to (VP kick (PRT in)))))) , and (S (NP-SBJ-1 (NP freezes) (PP-LOC on (NP (NP (NP the Chicago Board) (PP of (NP Trade)) 's) (NP Major Market Index)))) (ADVP also) (VP were n't (VP triggered (NP *-1)))) .)) (TOP (S (NP-SBJ (NP The MMI) and (NP the S&P 500)) (VP are (NP-PRD (NP the two major indexes) (VP used (NP-1 *) (PP by (NP-LGS program traders)) (S-CLR (NP-SBJ *-1) (VP to (VP run (NP their computerized trading strategies))))))) .)) (TOP (S (NP-SBJ-1 The programs) (VP are (VP considered (PP by (NP-LGS many)) (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP a major cause) (PP of (NP the 1987 crash)))))))) .)) (TOP (S (NP-SBJ (NP The process) (PP of (NP post-crash reforms))) (VP (VP began (PP with (NP (NP calls) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP remake (NP the markets)))))))) and (VP wound (PRT up) (ADVP-TMP (NP a year) later) (PP-CLR with (NP (NP a series) (PP of (NP (ADJP rather technical) adjustments)))))) .)) (TOP (S (PP-TMP In (NP October 1987)) , (PP-TMP (ADVP just) after (NP the market drop)) , (NP-SBJ Washington) (VP was (ADJP-PRD awash (PP in (NP (NP talk) (PP of (NP (NP sweeping changes) (PP-LOC in (NP (NP the way) (SBAR (WHADVP-1 0) (S (NP-SBJ the financial markets) (VP are (VP structured and regulated (ADVP-MNR *T*-1))))))))))))) .)) (TOP (S (PP-TMP Over (NP the next year)) (NP-SBJ-1 that grand agenda) (VP was (VP whittled (NP *-1) (ADVP-CLR down) (PP-DIR to (NP (NP a series) (PP of (NP (NP steps) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP soften (NP big stock drops) (PP-MNR by (S-NOM (NP-SBJ *) (VP interrupting (NP trading) (S-PRP (NP-SBJ *) (VP to (VP give (NP market players) (NP (NP time) (SBAR (WHADVP-3 0) (S (NP-SBJ *) (VP to (VP pause and reconsider (NP positions) (ADVP-TMP *T*-3)))))))))))) (ADVP *T*-2))))))))))) .)) (TOP (S (PP In (NP addition)) , (S (NP-SBJ-1 limits) (VP were (VP placed (NP *-1) (PP-LOC-CLR on (NP computer-driven trading))))) , and (S (NP-SBJ-2 steps) (VP were (VP taken (NP *-2))) (S (NP-SBJ *) (VP to (VP (ADVP-MNR better) link (NP the stock and futures markets))))) .)) (TOP (S (NP-SBJ-1 Few changes) (VP were (VP made (NP *-1) (PP-LOC in (NP (NP the way) (SBAR (WHADVP-3 0) (S (NP-SBJ-2 the markets) (VP are (VP regulated (NP *-2) (ADVP-MNR *T*-3))))))))) .)) (TOP (S (PP-TMP At (NP the outset)) (NP-SBJ the prime target) (VP was (NP-PRD (NP program trading) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP was (VP (VP (ADVP much) discussed) but (VP (ADVP little) understood) (PP-LOC on (NP Capitol Hill)))))))) .)) (TOP (S (NP-SBJ There) (VP were (ADVP also) (NP-PRD (NP calls) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP strip (NP the stock markets) (PP-CLR of (NP (NP `` derivative '' products) , (PP such as (NP (NP stock-index futures and options) , (SBAR (WHNP-1 which) (S (NP-SBJ Federal Judge Stanley Sporkin) , (PP for (NP example)) , (VP likened (NP *T*-1) (PP-CLR to `` (NP (NP barnacles) (VP attached (PP-CLR to (NP the basic market)))))))))))) (ADVP *T*-2))))))) . '')) (TOP (S And (NP-SBJ there) (VP was (NP-PRD (NP much criticism) (PP of (NP (NP (NP the New York Stock Exchange 's) system) (PP of (S-NOM (NP-SBJ *) (VP having (NP stock trades) (VP flow (PP-LOC-CLR through (NP (NP specialists) , or (NP market makers))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 (NP (NP the Brady Task Force 's) powerful analysis) (PP of (NP the crash))) (VP was (VP released (NP *-1) (PP-TMP in (NP January 1988)) (ADVP-TMP *T*-2))))) , (NP-SBJ it) (ADVP-TMP immediately) (VP reshaped (NP (NP the reformers ') agenda)) .)) (TOP (S (S-ADV (NP-SBJ *) (VP (VP Arguing (SBAR that (S (NP-SBJ the separate financial marketplaces) (VP acted (PP-CLR as (NP one)))))) , and (VP concluding (SBAR that (S (NP-SBJ the crash) (VP had `` (VP raised (NP (NP the possibility) (PP of (NP a full-scale financial system breakdown)))))))))) , '' (NP-SBJ the presidential task force) (VP called (PP-CLR for (S-NOM (NP-SBJ *) (VP establishing (NP-1 a super-regulator) (S-CLR (S (NP-SBJ *-1) (VP to (VP oversee (NP the markets)))) , (S (NP-SBJ *-1) (VP to (VP make (S (NP-SBJ margins) (ADJP-PRD consistent (PP across (NP markets))))))) , (S (NP-SBJ *-1) (VP to (VP unify (NP clearing systems)))) and (S (NP-SBJ *-1) (VP to (VP install (NP circuit breakers))))))))) .)) (TOP (S (NP-SBJ-1 (NP Only the (ADJP last)) (PP of (NP those recommendations))) (ADVP-TMP ever) (VP was (VP implemented (NP *-1))) .)) (TOP (S (NP-SBJ The Reagan White House) (VP (VP held (NP the Brady recommendations) (PP-LOC-CLR at (NP (NP arm 's) length))) and (VP named (S (NP-SBJ (NP a second panel) (PRN -- (NP (NP the Working Group) (PP on (NP the Financial Markets))) --)) (VP to (VP review (NP (NP its analysis) and (NP (NP those) (PP of (NP other crash studies))))))))) .)) (TOP (S (PP-TMP In (NP May 1988)) , (NP-SBJ (NP the Working Group) , (VP made (PRT up) (PP-CLR of (NP (NP representatives) (PP from (NP (NP the Federal Reserve) , (NP the Treasury) , (NP the Securities and Exchange Commission) , and (NP the Commodity Futures Trading Commission)))))) ,) (ADVP-TMP finally) (VP endorsed (NP only circuit breakers)) .)) (TOP (S (PP-TMP After (NP (NP several more months) (PP of (NP (NP arguments) (PP-LOC among (NP various (NX (NX stock exchanges) and (NX futures markets)))))))) , (NP-SBJ-1 circuit breakers) (VP were (VP set (NP *-1) (PP-LOC-CLR in (NP place)) , (PP with (S-NOM (NP-SBJ the (ADJP most notable)) (VP suspending (NP trading) (PP-TMP after (NP (NP (ADJP (QP 250 and 400) point) drops) (PP-LOC in (NP the Dow Jones Industrial Average))))))))) .)) (TOP (S (ADVP Privately) , (NP-SBJ some free marketeers) (VP dismissed (NP such mechanisms) (PP-CLR as (NP (NP sops) (PP to (NP interventionists))))) .)) (TOP (S-1 (PP After (NP all)) (PRN , (S (NP-SBJ this free-market argument) (VP went (SBAR 0 (S *T*-1)))) ,) (NP-SBJ the Dow) (ADVP only) (VP dropped (NP (QP more than 250) points) (ADVP-TMP once (NP this century))) .)) (TOP (NP (NP `` Circuit breakers '') (VP set (NP *) (S-PRP (NP-SBJ *) (VP to (VP soften (NP big drops))))) :)) (TOP (S -- (SBAR-ADV If (S (NP-SBJ S&P futures) (VP fall (NP-EXT 5 points) (PP-TMP at (NP opening))))) , (NP-SBJ contract trading) (VP pauses (PP-TMP for (NP 10 minutes))) .)) (TOP (S -- (SBAR-ADV If (S (NP-SBJ Dow Industrials) (VP fall (NP-EXT 25 points) (PP-TMP at (NP opening))))) , (NP-SBJ contract trading) (VP pauses (PP-TMP for (NP 10 minutes))) .)) (TOP (S -- (SBAR-ADV If (S (NP-SBJ S&P futures) (VP fall (NP (NP-EXT 12 points) (PRN -LRB- (ADJP equivalent (PP to (NP (NP (QP about 100) points) (PP-LOC on (NP DJIA))))) -RRB-))))) , (NP-SBJ-1 trading) (VP is (VP frozen (NP *-1) (PP-TMP for (NP half hour)) (PP-DIR to (NP (NP that price) or (NP higher))))) .)) (TOP (S (PP-LOC On (NP NYSE)) (NP-SBJ-1 program trades) (VP are (VP diverted (NP *-1) (PP-DIR into (NP a separate computer file)) (S-PRP (NP-SBJ *) (VP to (VP determine (NP buy and sell orders)))))) .)) (TOP (S -- (SBAR-ADV If (S (NP-SBJ S&P futures) (VP fall (NP-EXT 30 points)))) , (NP-SBJ-1 trading) (VP is (VP restricted (NP *-1) (PP-TMP for (NP an hour)) (PP-CLR to (NP (NP that price) or (NP higher))))) .)) (TOP (S -- (SBAR-ADV If (S (NP-SBJ Dow Industrials) (VP fall (NP 250 points)))) , (NP-SBJ (NP trading) (PP-LOC on (NP the Big Board))) (VP halts (PP-TMP for (NP an hour))) .)) (TOP (S (NP-SBJ (NP S&P) and (NP MMI contracts)) (ADVP also) (VP halt) .)) (TOP (S -- (SBAR-ADV If (S (NP-SBJ DJIA) (VP drops (NP-EXT 400 points)))) , (NP-SBJ Big Board) (VP halts (NP trading) (PP-TMP for (NP two hours))) .)) (TOP (S (NP-SBJ (NP Trading) (PP in (NP MMI and S&P futures))) (ADVP also) (VP halted) .)) (TOP (NP-HLN (NP Brady Task Force recommendations) (PRN -LRB- (NP-TMP Jan. 1988) -RRB-) :)) (TOP (S -- (NP-SBJ *) (VP Establish (NP (NP an overarching regulator) (PP for (NP financial markets)))))) (TOP (S -- (NP-SBJ *) (VP Unify (NP trade-clearing systems)))) (TOP (S -- (NP-SBJ *) (VP Make (S (NP-SBJ margins) (ADJP-PRD consistent (PP across (NP stock and futures markets))))))) (TOP (NP (NP SEC proposals) (PRN -LRB- (NP-TMP May 1988) -RRB-) :)) (TOP (S -- (NP-SBJ *) (VP Require (NP (NP prompt reports) (PP of (NP large securities trades)))) .)) (TOP (S -- (NP-SBJ *) (VP Give (NP SEC) (NP authority (S (NP-SBJ *) (VP to (VP monitor (NP (NP risk-taking) (PP by (NP (NP affiliates) (PP of (NP brokerage firms)))))))))) .)) (TOP (S -- (NP-SBJ *) (VP Transfer (NP (NP jurisdiction) (PP-LOC over (NP stock-related futures))) (PP-CLR to (NP SEC)) (PP-CLR from (NP CFTC))) .)) (TOP (S -LRB- (NP-SBJ-1 *) (VP Opposed (NP *-1) (PP-LGS by (NP new SEC chairman))) -RRB-)) (TOP (S -- (NP-SBJ *) (VP Give (NP SEC) (NP authority (S (NP-SBJ *) (VP to (VP halt (NP securities trading))))) , (PRN -LRB- (S (NP-SBJ-1 *) (ADVP also) (VP opposed (NP *-1) (PP by (NP-LGS new SEC chairman)))) -RRB-)) .)) (TOP (NP-HLN Congressional proposal :)) (TOP (S -- (NP-SBJ *) (VP Create (NP (NP a task force) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP review (NP (NP current state) (PP of (NP the securities markets and securities laws))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (VP Breaking (NP (NP the Soviet government 's) television monopoly))) , (NP-SBJ-1 an independent company) (VP has (VP gained (NP rights (S (NP-SBJ *) (VP to (VP show (NP (NP world programming) , (PP including (NP American films))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ There) (VP must not (VP be (NP-PRD a monopoly)))) , (S (NP-SBJ there) (VP must (VP be (NP-PRD (NP freedom) (PP of (NP choice))) (PP for (NP both journalists and viewers)))))) , '' (NP-SBJ (NP Nikolai I. Lutsenko) , (NP (NP the president) (PP of (NP the Nika TV company))) ,) (VP told (NP the weekly newspaper Nedelya) (S *T*-1)) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The company) (VP is (ADVP-TMP already) (VP (VP working (PP-CLR on (NP its own programming)) (PP-LOC in (NP several provincial cities))) and (VP hopes (S (NP-SBJ *-1) (VP to (VP be (PP-LOC-PRD on (NP the air)) (ADVP-TMP regularly))) (PP-TMP in (NP about a year))))))) , (NP-SBJ the newspaper) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ Mr. Lutsenko) (VP told (NP Nedelya) (SBAR that (S (NP-SBJ he) (ADVP-TMP recently) (VP had (VP been (PP-DIR-PRD to (NP the U.S.)) (S-PRP (NP-SBJ *) (VP to (VP pick (PRT up) (NP the rights (S (NP-SBJ *) (VP to (VP show (NP 5,000 U.S. films) (PP-LOC-CLR in (NP the Soviet Union)))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Nedelya 's) article) (VP was (VP accompanied (NP *-1) (PP by (NP-LGS (NP a picture) (PP of (S-NOM (NP-SBJ Mr. Lutsenko) (VP interviewing (NP singer John Denver) (PP-LOC in (NP Colorado))))))))) .)) (TOP (S (SBAR-ADV Even though (S (NP-SBJ it) (VP will (VP be (ADJP-PRD independent (PP of (NP official television))))))) , (NP-SBJ Nika) (VP will (VP have (NP (NP an oversight board) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP include (NP (NP members) (PP of (NP the Communist youth league)))))))))) .)) (TOP (S (NP-SBJ (NP (NP South Africa 's) National Union) (PP of (NP Mineworkers))) (VP said (SBAR that (S (NP-SBJ (NP about 10,000) diamond miners) (VP struck (PP-CLR for (NP higher wages)) (PP-LOC at (NP De Beers Consolidated Mines Ltd.)))))))) (TOP (S (NP-SBJ De Beers) (VP said (SBAR that (S (NP-SBJ (NP workers) (PP at (NP (NP five) (PP of (NP (NP the group 's) mines))))) (VP were (PP-PRD on (NP (NP strike) , (SBAR (WHNP-1 which) (S (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ *T*-1) (VP was (ADJP-PRD peaceful) , (PP with (S-NOM (NP-SBJ orderly picketing) (VP occurring (PP-LOC-CLR at (NP (NP one) (PP of (NP the mines))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The deadlock) (PP-LOC in (NP negotiations))) (VP occurred (PP with (S-NOM (NP-SBJ De Beers) (VP offering (NP (NP a (ADJP 17 %) increase) (PP-LOC in (NP the minimum-wage category))) (SBAR-TMP while (S (NP-SBJ the union) (VP demanded (NP (NP a (ADJP 37.6 %) increase) (PP-LOC in (NP the minimum wage)))))))))) .)) (TOP (S (NP-SBJ (NP Japan 's) opposition Socialist Party) (VP denied (SBAR that (S (NP-SBJ-1 its legislators) (VP had (VP been (VP bribed (NP *-1) (PP by (NP-LGS pinball-parlor owners)))))))) .)) (TOP (S (NP-SBJ-1 The allegation) (VP had (VP been (VP raised (NP *-1) (PP-LOC in (NP Parliament)) (PP by (NP-LGS the governing Liberal Democratic Party)) (PP-TMP following (NP (NP magazine reports) (VP suggesting (SBAR that (S (NP-SBJ (NP money) (PP from (NP (NP Japanese-style pinball) , (VP called (S (NP-SBJ *) (NP-PRD pachinko))) ,))) (VP had (VP infiltrated (NP politics))))))))))) .)) (TOP (S (NP-SBJ (NP Tsuruo Yamaguchi) , (NP (NP secretary general) (PP of (NP the Socialist Party))) ,) (VP (VP acknowledged (SBAR that (S (NP-SBJ nine party lawmakers) (VP had (VP received (NP (NP (NP donations) (PP from (NP the pachinko association))) (VP totaling (NP (NP (QP 8 million) yen) (PRN -LRB- (NP (QP about $ 55,000) *U*) -RRB-))))))))) but (VP said (SBAR 0 (S (S (NP-SBJ the donations) (VP were (ADJP-PRD legal))) and (S (NP-SBJ-1 (NP none) (PP of (NP its members))) (VP acted (S (NP-SBJ *-1) (VP to (VP favor (NP the industry)))))))))) .)) (TOP (S (NP-SBJ (NP The World Wide Fund) (PP for (NP Nature))) (VP said (SBAR that (S (NP-SBJ (NP Spain) , (NP Argentina) , (NP Thailand) and (NP Indonesia)) (VP were (VP doing (NP too little (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP prevent (NP (NP illegal trade) (PP-LOC in (NP endangered wildlife)) (PP-LOC across (NP their borders))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP A report) (PP by (NP the conservation group))) (VP presented (NP *) (PP-LOC at (NP (NP the U.N.-sponsored Convention) (PP on (NP (NP International Trade) (PP-LOC in (NP Endangered Species)))) (PP-LOC in (NP Lausanne)))))) (VP accused (NP-1 the four) (PP-CLR of (S-NOM (NP-SBJ *-1) (VP trading (NP (NP protected species) (VP ranging (PP-CLR (PP from (NP parakeets)) (PP to (NP orchids))))))))) .)) (TOP (S (NP-SBJ Fund official Simon Lyster) (VP said (SBAR 0 (S (NP-SBJ-1 (NP world trade) (PP-LOC in (NP wildlife))) (VP was (VP estimated (S (NP-SBJ *-1) (VP to (VP total (NP (NP (QP $ 5 billion) *U*) (PP of (NP business))) (ADVP-TMP annually))))))))) .)) (TOP (S (NP-SBJ-1 (NP A NATO project) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP build (NP (NP a frigate) (PP-TMP for (NP the 1990s)))))))) (VP was (VP torpedoed (NP *-1) (PP by (NP-LGS (NP the pull-out) (PP of (NP (NP three) (PP of (NP its eight participating nations)))))))) .)) (TOP (S (S (NP-SBJ Britain , France and Italy) (VP announced (NP (NP technical reasons) (PP for (NP withdrawing))))) , but (S (NP-SBJ some officials) (VP pointed (PP-CLR to (NP (NP growing reluctance (S *ICH*-1)) (PP-LOC among (NP the allies)) (S-1 (NP-SBJ *) (VP to (VP commit (NP themselves) (PP-CLR to (NP big defense spending)) (SBAR-TMP while (S (NP-SBJ East-West disarmament talks) (VP show (NP (NP signs) (PP of (NP success))))))))))))) .)) (TOP (FRAG (NP Small wonder (SBAR that (S (NP-SBJ (NP Britain 's) Labor Party) (VP wants (NP credit controls)))) .))) (TOP (S (SBAR-TMP (NP A few hours) after (S (NP-SBJ the party) (VP launched (NP its own affinity credit card) (ADVP-TMP earlier (NP this month))))) , (NP-SBJ the Tories) (VP raised (NP (NP the nation 's) base interest rate)) .)) (TOP (S (NP-SBJ-1 (NP Labor 's) Visa card) (VP is (VP believed (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the first) (VP linked (NP *) (PP-CLR to (NP a British political party))))))))) .)) (TOP (S (NP-SBJ Labor) (VP gets (NP (NP 25 pence) (PRN -LRB- (NP 39 cents) -RRB-)) (PP-CLR for (NP (NP (NP every 100) (PRN -LRB- (NP (QP about $ 155) *U*) -RRB-)) (SBAR (WHNP-1 that) (S (NP-SBJ a user) (VP charges (NP *T*-1) (PP-CLR to (NP the card)))))))) .)) (TOP (S (PP As (PP with (NP (NP other plastic) (PP-LOC in (NP (NP Britain 's) high-interest-rate environment))))) , (NP-SBJ (NP the Labor card) , (VP administered (NP *) (PP by (NP-LGS Co-operative Bank))) ,) (VP carries (NP (NP a (ADJP (ADJP stiff) (PRN -LRB- (PP in (NP this case)) , (ADJP 29.8 %) -RRB-)) annual rate) (PP-LOC on (NP the unpaid balance)))) .)) (TOP (S (NP-SBJ-1 (NP China 's) year-long austerity program) (VP (VP has (VP achieved (NP (NP some successes) (PP-LOC in (S-NOM (NP-SBJ *) (VP (VP harnessing (NP runaway economic growth)) and (VP stabilizing (NP prices)))))))) but (VP has (VP failed (S (NP-SBJ *-1) (VP to (VP eliminate (NP (NP (NP serious defects) (PP-LOC in (NP state planning))) and (NP (NP an alarming drain) (PP-LOC on (NP state budgets)))))))))) .)) (TOP (S (NP-SBJ The official China Daily) (VP (VP said (SBAR 0 (S (NP-SBJ (NP retail prices) (PP of (NP non-staple foods))) (VP have n't (VP risen (PP-TMP since (NP last December))))))) but (VP acknowledged (SBAR 0 (S (NP-SBJ that huge government subsidies) (VP were (NP-PRD (NP a main factor) (PP-LOC in (S-NOM (NP-SBJ *) (VP keeping (S (NP-SBJ prices) (ADVP-PRD down))))))))))) .)) (TOP (S (NP-SBJ The State Statistical Bureau) (VP found (SBAR that (S (NP-SBJ-1 (NP (QP more than 1 billion) yuan) (PRN -LRB- (NP (QP $ 270 million) *U*) -RRB-)) (VP was (VP spent (NP *-1) (PP in (NP-TMP (NP the first half) (PP of (NP the year)))) (PP-CLR for (NP pork subsidies))))))) .)) (TOP (S (NP-SBJ The newspaper) (VP quoted (NP-1 experts) (PP-CLR as (S-NOM (NP-SBJ *-1) (VP saying (SBAR 0 (S (NP-SBJ the subsidies) (VP would (VP cause (S (NP-SBJ (NP the difference) (PP between (NP (NP (NP prices) and (NP real values)) (PP of (NP commodities))))) (VP to (VP `` (VP become (ADJP-PRD very unreasonable)) '' and (VP reduce (NP (NP needed funds) (PP for (NP (NP investment) (PP-LOC in (NP the `` (ADJP already difficult) state budget))))))))))))))))) . '')) (TOP (S (NP-SBJ (NP The aim) (PP of (NP the austerity measures))) (VP was (S-PRD (NP-SBJ *) (VP to (VP slice (NP (NP economic growth) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP soared (PP-DIR to (NP 20.7 %) (NP-TMP last year)) , (PP-DIR to (NP 8 %) (PP-TMP in (NP 1990))))))))))) .)) (TOP (S (NP-SBJ Economists) (ADVP-TMP now) (VP predict (SBAR 0 (S (NP-SBJ the growth rate) (VP will (VP be (NP-PRD (QP about 11.5) %) (PP-TMP for (NP the year))))))) .)) (TOP (S (PP In (NP (NP a sign) (PP of (NP (NP growing official tolerance) (PP for (NP religion)))))) , (NP-SBJ-2 Russian Orthodox priests) (VP were (VP allowed (S (NP-SBJ *-2) (VP to (VP celebrate (NP (NP the 400th anniversary) (PP of (NP the Moscow patriarchate))) (PP-LOC in (NP (NP (NP the Kremlin 's) 15th-century Uspensky Cathedral) , (SBAR (WHADVP-3 where) (S (NP-SBJ-1 czars) (VP were (VP crowned (NP *-1) (ADVP-LOC *T*-3)))))))))))) ... .)) (TOP (S (NP-SBJ-1 (NP A (ADJP 34-foot-tall) , (ADJP (QP $ 7.7 million) *U*) statue) (PP of (NP Buddha))) (VP was (VP completed (NP *-1) (PP-LOC on (NP (NP (NP a hill) (PP-LOC outside (NP Hong Kong)) , (VP facing (NP China))))))) .)) (TOP (S (NP-SBJ The statue) (VP is (NP-PRD (NP the brainchild) (PP of (NP (NP Sik Chi Wan) , (NP (NP director) (PP of (NP the Po Lin Monastery))) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP said : `` (S (NP-SBJ Hong Kong) (VP is (NP-PRD (NP such a prosperous place) , (SBAR 0 (S (NP-SBJ we) (ADVP also) (VP need (NP (NP some kind) (PP of (NP religious symbol)))))))))))))))) .)) (TOP (S (S (NP-SBJ It) (NP-ADV all) (VP seemed (ADJP-PRD innocent (NP enough)))) : (S (NP-TMP Last April) , (NP-SBJ one Steven B. Iken) (VP (VP visited (NP Justin Products Inc. here)) , (VP identified (NP himself) (PP-CLR as (NP a potential customer))) and (VP got (NP (NP the word) (PP on (NP (NP (NP the little company 's) new cassette players) (PP for (NP children)))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP is (ADJP-PRD almost identical (PP to (NP the Sony product))))) , '' (NP-SBJ-2 Mr. Iken) (VP remarked (S *T*-1) , (PP-TMP after (S-NOM (NP-SBJ *-2) (VP seeing (NP prototypes and pictures))))) .)) (TOP (SINV (VP Replied) (NP-SBJ a Justin salesman) : (FRAG `` (ADVP Exactly)) . '')) (TOP (S (NP-SBJ The Justin merchandise) (VP carried (NP (NP wholesale prices) (PP (NP-ADV some 40 %) below (NP (NP those) (PP of (NP (NP (NP (NP Sony Corp.) (PP of (NP (NP Japan)))) 's) `` (NAC-TTL My First Sony) '' line)))))) .)) (TOP (S (NP-SBJ-1 The visitor) (VP (VP waxed (S-ADV (NP-SBJ *) (ADJP-PRD enthusiastic))) and (VP promised (S (NP-SBJ *-1) (VP to (VP return))))) .)) (TOP (S But (PP-CLR-TPC-1 instead (PP of (NP (NP a new customer) (PRN -- (NP (NP part) (PP of (NP (NP a hoped-for bonanza) (PP from (S-NOM (NP-SBJ *) (VP underselling (NP Sony))))))) --)))) (NP-SBJ Justin) (VP got (NP a costly legal morass) (PP-CLR *T*-1)) .)) (TOP (S-1 (NP-SBJ Mr. Iken) (PRN , (S (NP-SBJ it) (VP turned (PRT out) (S *T*-1))) ,) (VP was (NP-PRD (NP a private detective) (VP using (NP-2 a hidden tape recorder) (S-CLR (NP-SBJ *-2) (VP to (VP gather (NP information) (PP-BNF for (NP Sony)))))))) .)) (TOP (S (NP-SBJ His recording) (ADVP-TMP later) (VP turned (PRT up) (PP-CLR as (NP a court exhibit))) .)) (TOP (S (S-ADV (NP-SBJ-1 *-2) (VP Seeking (S (NP-SBJ *-1) (VP to (VP keep (NP (NP Justin 's) (NP `` My Own '') product line) (PP off (NP the U.S. market))))))) , (NP-SBJ-2 Sony) (NP-TMP last May) (VP filed (NP (NP a suit) (VP *ICH*-3)) (PP-LOC in (NP Manhattan federal court)) (VP-3 accusing (NP (NP the upstart) (PP of (NP (NP trademark infringement) , (NP unfair competition) and (NP (NP other violations) (PP of (NP business law)))))))) .)) (TOP (S (PP-TMP Since (ADVP then)) , (NP-SBJ life) (VP has (VP changed (NP-ADV a lot) (PP for (NP (NP 61-year-old Leonard Kaye) , (NP (NP Justin 's) owner))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ I) (VP have n't (VP been (ADJP-PRD able (S (NP-SBJ *) (VP to (VP get (NP a decent (NP night 's) sleep))))) (SBAR-TMP since (S (NP-SBJ this) (VP has (VP been (VP going (PRT on))))))))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (S (NP-SBJ It) (VP 's (NP-PRD (NP the (ADJP most distracting) thing) (PP-LOC in (NP my life))))) -- (S (NP-SBJ I) (VP ca n't (ADVP even) (VP attend (PP-CLR to (NP my business))))) . '')) (TOP (S (NP-SBJ (NP His company) (PRN -LRB- (NP (NP annual sales) : (NP (QP about $ 25 million) *U*)) -RRB-)) (VP may (VP suffer (NP a costly blow) (PRN -- (S-ADV (NP-SBJ *) (VP losing (NP (NP an estimated 10 %) (PP of (NP total sales))))) --) (SBAR-ADV if (S (NP-SBJ (NP Sony) (PRN -LRB- (NP (NP annual sales) : (NP (QP about $ 16 billion) *U*)) -RRB-)) (VP prevails))))) .)) (TOP (S (NP-SBJ (NP Justin 's) plight) (VP shows (SBAR (WHNP-1 what) (S (NP-SBJ *T*-1) (VP can (VP happen (SBAR-TMP (WHADVP when) (S (NP-SBJ a tiny company) (ADVP-TMP suddenly) (VP faces (NP (NP the full legal might) (PP of (NP a wrathful multinational))))))))))) .)) (TOP (S (PP With (NP considerable irony)) , (NP-SBJ the case) (ADVP also) (VP shows (SBAR (WHADVP-1 how completely) (S (NP-SBJ Japan) (VP has (VP turned (NP the tables) (PP-CLR on (NP U.S. business)) (ADVP-MNR *T*-1)))))) .)) (TOP (S (NP-SBJ-1 Americans) (VP used (S (NP-SBJ *-1) (VP to (VP complain (ADVP-MNR bitterly) (PP-CLR about (S-NOM (NP-SBJ *-1) (VP being (VP undersold (PP-LGS by (NP (NP look-alike products) (PP from (NP Japan)))))))))))) .)) (TOP (S (ADVP-TMP Now) (NP-SBJ (NP Sony) , (SBAR (WHNP-1 whose innovative , (ADJP premium-priced) products) (S (NP-SBJ *T*-1) (VP are (PP-LOC-PRD among (NP (NP the (ADJP most admired)) (PP-LOC in (NP consumer electronics))))))) ,) (VP is (VP (ADVP-MNR bitterly) complaining (PP-CLR about (NP (NP a little U.S. firm) (PP with (NP (NP a cheap look-alike) (VP produced (NP *) (PP-LOC in (NP China))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ (NP The gist) (PP of (NP this))) (VP is (SBAR-PRD that (S (S (NP-SBJ Justin) (VP knocked (PRT off) (NP the Sony line))) and (S (NP-SBJ-3 Sony) (VP wants (S (NP-SBJ *-3) (VP to (VP stop (NP it)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Lewis H. Eslinger) , (NP (NP (NP Sony 's) attorney ,) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP previously) (VP guarded (NP (NP Rubik 's) Cube)))))) .)) (TOP (S -LRB- (NP-SBJ-1 (NP Sony) (NP itself)) (VP declines (S (NP-SBJ *-1) (VP to (VP comment)))) . -RRB-)) (TOP (S (SBAR-ADV If (S (NP-SBJ Sony) (VP wins))) (PRN , (S (NP-SBJ Mr. Eslinger) (VP says)) ,) (NP-SBJ-1 its little rival) (VP will (VP have (S (NP-SBJ-2 *-1) (VP to (VP try (S (NP-SBJ *-2) (VP to (VP sell (NP the products) (ADVP-LOC overseas))))))))) .)) (TOP (S-1 (PP At worst) (PRN , (S (NP-SBJ he) (VP adds (S *T*-1))) ,) `` (NP-SBJ-2 They) (VP 'd (VP have (S (NP-SBJ *-2) (VP to (VP (VP grind (NP them) (NP all) (PRT up)) and (VP throw (NP them) (PRT away))))))) . '')) (TOP (S (NP-SBJ Mr. Kaye) (VP (VP denies (NP (NP the suit 's) charges)) and (VP says (SBAR 0 (S (NP-SBJ his only mistake) (VP was (S-PRD (NP-SBJ *) (VP taking (PRT on) (NP Sony) (PP-LOC in (NP the marketplace))))))))) .)) (TOP (S `` (S-TPC-1 (S (NP-SBJ I) (VP made (NP a similar line))) and (S (NP-SBJ I) (VP produced (NP it) (ADVP-MNR cheaper)))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S (NP-TMP Today) , (NP-SBJ-1 U.S. Judge John E. Sprizzo) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP rule (PP-CLR on (NP (NP (NP Sony 's) renewed request) (PP for (NP (NP a pre-trial order) (VP blocking (NP (NP sale) (PP of (NP (NP the disputed products) , (SBAR (WHPP-2 on (WHNP which)) (S (NP-SBJ deliveries) (VP began (PP-TMP in (NP July)) (PP *T*-2))))))))))))))))) .)) (TOP (S (S (NP-SBJ The judge) (VP turned (PRT down) (NP (NP an earlier Sony request) (PP for (NP (NP such an order)))) (PRN -- (NP (NP a decision) (VP upheld (NP *) (PP on (NP appeal)))) --))) but (S (NP-SBJ Sony) (VP returned (PP with (NP additional evidence and arguments)))) .)) (TOP (S (PP Though (S-NOM (NP-SBJ-2 *-1) (VP hoping (S (NP-SBJ *-2) (VP to (VP settle (NP the case))))))) , (NP-SBJ-1 Justin) (VP vows (S (NP-SBJ *-1) (VP to (VP fight (ADVP-TMP on) , (SBAR-ADV if (FRAG (ADJP necessary))))))) .)) (TOP (S But (NP-SBJ the battle) (VP is (NP-PRD (NP more) (SBAR than (S (NP-SBJ Justin) (VP bargained (PP-CLR for (NP *?*))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ I) (VP had (NP no idea (SBAR 0 (S (NP-SBJ I) (VP was (VP getting in (ADVP so deep)))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Kaye) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP founded (NP Justin) (PP-TMP in (NP 1982)))))) .)) (TOP (S (NP-SBJ Mr. Kaye) (VP had (VP (VP sold (NP (NP Capetronic Inc.) , (NP a Taiwan electronics maker))) , and (VP retired) , (S-ADV (ADVP only) (NP-SBJ *) (VP to (VP find (SBAR 0 (S (NP-SBJ he) (VP was (ADJP-PRD bored))))))))) .)) (TOP (S (PP With (NP Justin)) , (NP-SBJ-1 he) (VP began (S (NP-SBJ *-1) (VP selling (NP (NP toys and electronics) (VP made (NP *) (ADVP mostly) (PP-LOC in (NP Hong Kong)))) , (S-ADV (NP-SBJ *) (VP beginning (PP with (NP Mickey Mouse radios))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ The company) (VP has (VP grown -- (PP-DIR to (NP (QP about 40) employees)) , (PP-DIR from (NP four) (ADVP initially))))) , (NP-SBJ Mr. Kaye) (VP says (S *T*-1)) .)) (TOP (SINV (S-TPC-2 (NP-SBJ Justin) (VP has (VP been (ADJP-PRD profitable) (PP-TMP since (NP 1986))))) , (VP adds (SBAR 0 (S *T*-2))) (NP-SBJ (NP the official) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP shares (NP his office) (PP-CLR with (NP (NP numerous teddy bears) , (NP (NP all samples) (PP from (NP (NP his line) (PP of (NP plush toys))))))))))) .)) (TOP (S (PP Like (NP many others)) , (NP-SBJ Mr. Kaye) (VP took (NP notice) (PP-TMP in (NP 1987)) (SBAR-TMP (WHADVP when) (S (NP-SBJ Sony) , (PP-LOC in (NP (NP a classic example) (PP of (NP market segmentation)))) , (VP (VP changed (NP (NP the plastic skin and buttons) (PP-LOC on (NP (NP the famous Walkman line) (PP of (NP portable audio equipment)))))) and (VP created (NP (NP the (NAC-TTL My First Sony) line) (PP for (NP children)))))))) .)) (TOP (S (NP-SBJ The (ADJP brightly colored) new products) (VP looked (ADJP-PRD (ADJP more (PP like (NP toys))) (PP than (NP the adult models)))) .)) (TOP (S -LRB- (PP In (NP court papers)) , (NP-SBJ-1 Sony) (VP says (SBAR 0 (S (NP-SBJ it) (VP has (VP spent (NP (QP more than $ 3 million) *U*) (S-PRP (NP-SBJ *-1) (VP to (VP promote (NP the line)))) , (PP with (NP (NP resulting sales) (PP of (NP (QP over a million) units))))))))) . -RRB-)) (TOP (S (S (NP-SBJ Sony) (VP found (NP a new market niche))) , but (S (NP-SBJ Mr. Kaye) (VP figured (SBAR that (S (NP-SBJ its prices) (VP left (NP (NP plenty) (PP of (NP (NP room) (PP for (NP a lower-priced competitor)))))))))) .)) (TOP (S (NP-SBJ His products) (VP (VP are n't (NP-PRD (NP exact copies) (PP of (NP Sony 's)))) but (VP (ADVP-MNR strongly) resemble (NP them) (PP-MNR in (NP (NP size) , (NP shape) and , (ADVP especially) , (NP color))))) .)) (TOP (S (S (NP-SBJ Sony) (VP (VP uses (ADVP mostly) (NP (NP red) and (NP blue) , (PP with (NP (NP traces) (PP of (NP yellow)))))))) -- and (SINV (ADVP so) (VP does) (NP-SBJ Justin) , (PP on (NP the theory (SBAR that (S (NP-SBJ kids) (VP prefer (NP these colors))))))) .)) (TOP (SINV -LRB- `` (S-TPC-1 (S-PRP (NP-SBJ *) (VP To (VP be (ADJP-PRD successful)))) , (NP-SBJ a product) (VP can (VP be (NP-PRD (NP any color) (NP whatsoever)) , (SBAR as long as (S (NP-SBJ it) (VP is (ADJP-PRD fire-engine red))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Charles E. Baxley) , (NP (NP Justin 's) attorney)) . -RRB-)) (TOP (S (S (PP-TMP By (NP last winter)) , (NP-SBJ Justin) (VP was (VP showing (NP prototypes) (PP-LOC at (NP toy fairs)) (PP-LOC in (NP (NP Hong Kong) and (NP New York)))))) -- and (S (NP-SBJ Sony) (VP noticed)) .)) (TOP (S (ADVP Indeed) , (S-ADV (NP-SBJ *-1) (VP concerned (SBAR that (S (NP-SBJ Sony sales personnel) (VP were (VP threatening (NP (NP (NP legal action) or (NP (NP other retaliation) -- (PP such as (S-NOM (NP-SBJ *) (VP withholding (NP desirable Sony products)))) --)) (PP against (NP (NP Justin 's) customers))))))))) , (NP-SBJ-1 Mr. Baxley) (VP fired (PRT off) (NP (NP a letter) (PP to (NP Sony))) (PP-TMP in (NP April))) .)) (TOP (S (NP-SBJ-1 (NP He) (NP himself)) (VP threatened (S (NP-SBJ *-1) (VP to (VP take (NP the matter) (PP-CLR to (NP (NP the Federal Trade Commission) or (NP U.S. Justice Department))))))) .)) (TOP (S But (NP-SBJ Justin) (VP has n't (VP pursued (NP (NP those charges) (PRN -LRB- (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP were (PP-PRD without (NP merit)) , (PP according (PP to (NP (NP Mr. Eslinger) , (NP the Sony attorney))))))) -RRB-)))) .)) (TOP (SINV (VP Recalls) (NP-SBJ Mr. Baxley) : `` (S (NP-SBJ Our purpose) (VP was (S-PRD (NP-SBJ *) (VP to (VP influence (S (NP-SBJ them) (VP to (VP leave (S (NP-SBJ us) (ADJP-PRD alone)))))))))) .)) (TOP (S (S (NP-SBJ-1 We) (ADVP-TMP never) (VP intended (S (NP-SBJ *-1) (VP taking (PRT on) (NP Sony))))) -- (S (NP-SBJ we) (VP do n't (VP have (NP the resources)))) . '')) (TOP (S (NP-SBJ Sony) (VP answered (NP the empty threat) (PP-CLR with (NP its real suit))) .)) (TOP (S (ADVP-TMP Off and on) (PP-TMP since (ADVP then)) , (NP-SBJ the companies) (VP have (VP skirmished (PP-LOC in (NP court)))) .)) (TOP (S And (NP-SBJ Justin) , (PP-LOC in (NP a news release)) , (VP says , `` (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Once competitive)) , (NP-SBJ-1 Sony) (ADVP-TMP now) (VP resorts (PP-CLR to (NP strong-arm tactics)) (PP-LOC in (NP American courtrooms)) (S-PRP (NP-SBJ *-1) (VP to (VP (VP carve (PRT out) (NP *RNR*-2)) and (VP protect (NP *RNR*-2)) (NP-2 niche markets))))))) . '')) (TOP (S (NP-SBJ (NP Sony 's) lawyer) (VP insists (SBAR that (S (NP-SBJ (NP (NP the company 's) tactics) (PRN -- (PP including (NP (NP the use) (PP of (NP (NP a private detective) (VP posing (PP-CLR as (NP a buyer))))))) --)) (VP are (ADJP-PRD routine) (PP-LOC in (NP such matters)))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP insists (SBAR that (S (NP-SBJ Sony) , (ADVP (ADVP no less) (PP than (NP others))) , (VP has (NP a legal right (S (NP-SBJ *) (VP to (VP protect (NP (NP its `` trade dress) , '' (PRN (PP in (NP this case)) , (ADVP mostly) (NP the colors)) (SBAR (WHNP-1 that) (S (NP-SBJ it) (VP claims (SBAR 0 (S (NP-SBJ *T*-1) (VP make (S (NP-SBJ (NP My First Sony) products) (ADJP-PRD distinctive))))))))))))))))) .)) (TOP (S -LRB- (NP-SBJ Justin) (VP claims (SBAR 0 (S (NP-SBJ-1 it) (VP began (S (NP-SBJ *-1) (VP using (NP the same colors) (PP-LOC on (NP (NP electronic goods) (PP for (NP children)))))) (SBAR-TMP (ADVP long) before (S (NP-SBJ Sony) (VP entered (NP (NP the children 's) market)))))))) . -RRB-)) (TOP (S (SBAR-ADV (WHNP Whatever) (FRAG (NP its merits))) , (NP-SBJ (NP Sony 's) aggressive defense) (VP is (ADJP-PRD debilitating (PP for (NP Justin)))) .)) (TOP (S (NP-SBJ It) (VP 's (ADVP also) (ADJP-PRD costly)) .)) (TOP (S (NP-SBJ Mr. Kaye) (VP says (SBAR 0 (S (NP-SBJ he) (VP has (VP paid (NP (NP (QP more than $ 70,000) *U*) (PP in (NP legal fees))) (ADVP-TMP so far)))))) .)) (TOP (S (PP Of (NP Sony)) , (NP-SBJ Mr. Kaye) (VP says : `` (S (NP-SBJ They) (VP know (SBAR 0 (S (NP-SBJ there) (VP 's (NP-PRD (NP no way) (SBAR (WHADVP-1 0) for (S (NP-SBJ them) (VP to (VP lose (ADVP-MNR *T*-1)))))))))))) .)) (TOP (S (NP-SBJ-1 They) (ADVP just) (VP keep (S (NP-SBJ *-1) (VP digging (NP me) (ADVP-DIR in) (ADVP-CLR deeper) (SBAR-TMP until (S (NP-SBJ I) (VP reach (NP (NP the point) (SBAR (WHADVP where) (S (NP-SBJ I) (VP (VP give (PRT up)) and (VP go (ADVP-DIR away)))))))))))) . '')) (TOP (S (PP-TMP For (ADVP now)) , (ADVP though) , (NP-SBJ-1 he) (VP vows (S (NP-SBJ *-1) (VP to (VP hang (PRT in))))) .)) (TOP (S (NP-SBJ (NP @ Charles H. Tenney II) , (NP (NP chairman) (PP of (NP Unitil Corp.))) ,) (VP purchased (NP (NP 34,602 shares) , or (NP 4.9 %) , (PP of (NP (NP Unitil 's) common))) , (PP according (PP to (NP (NP a filing) (PP with (NP the Securities and Exchange Commission)))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The stock) (VP was (VP bought (NP *-1) (PP-TMP on (NP Thursday)) (PP-LOC in (NP a (ADJP privately negotiated) transaction))))) , (NP-SBJ the filing) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (SBAR-ADV As (S (NP-SBJ *) (ADVP-TMP previously) (VP reported))) , (NP-SBJ (NP (NP Unitil) , (NP (NP Exeter) , (NP N.H.)) ,) and (NP (NP Fitchburg Gas & Electric Co.) , (NP (NP Fitchburg) , (NP Mass.)) ,)) (VP are (NP-PRD (NP targets) (PP of (NP (NP unsolicited tender offers) (PP from (NP Boston-based Eastern Utilities Associates)))))) .)) (TOP (S (NP-SBJ Eastern Utilities) (VP (VP has (VP (VP offered (NP-1 (NP $ 40 *U*) (NP-ADV a share)) (PP-CLR-2 for (NP Unitil))) and (VP (NP=1 (NP $ 36 *U*) (NP-ADV a share)) (PP=2 for (NP Fitchburg Gas))))) and (VP has (VP extended (NP both offers) (PP-TMP-CLR to (NP Dec. 4))))) .)) (TOP (S (NP-SBJ Both companies) (VP rejected (NP the offers)) .)) (TOP (S (S-TPC-2 (NP-SBJ (NP Dresdner Bank AG) (PP of (NP West Germany))) (VP has (VP announced (NP (NP a friendly tender offer) (PP for (NP (NP control) (PP of (NP (NP (NP Banque Internationale) (PP de (NP Placements))) , (NP (NP a French bank) (SBAR (WHNP-1 whose main shareholder) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP France 's) Societe Generale))))) ,)))))))) (NP-SBJ the Societe de Bourses Francaises) (VP said (S *T*-2)) .)) (TOP (S (NP-SBJ (NP The tender offer) (PP by (NP (NP West Germany 's) second-biggest commercial bank))) (VP is (PP-PRD in (NP two stages))) .)) (TOP (S (NP-SBJ-1 Dresdner) (VP is (VP offering (S (NP-SBJ *-1) (VP to (VP acquire (NP (NP 32.99 %) (PP of (NP (NP BIP 's) capital))) (PP-CLR for (NP (NP (NP 1,015 francs) (PRN -LRB- (NP $ 156.82 *U*) -RRB-)) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ (NP The terms) (PP of (NP the offer))) (VP put (NP (NP a value) (PP of (NP (NP 528 million francs) (PRN -LRB- (NP (QP $ 81.6 million) *U*) -RRB-)))) (PP-PUT on (NP the (ADJP 32.99 %) shareholding))) .)) (TOP (S (NP-SBJ The Societe Generale banking group) (VP controls (NP (NP 18.2 %) (PP of (NP the shareholding))) , (SBAR-ADV while (S (S (NP-SBJ (NP Societe Generale) (PP de (NP Belgique S.A.))) (VP owns (NP 9.69 %))) and (S (NP-SBJ (NP Financiere Tradition) , (NP a holding company) ,) (VP owns (NP 5.1 %)))))) .)) (TOP (S (NP-SBJ Mexican investor Joel Rocha Garza) (VP said (SBAR 0 (S (NP-SBJ he) (VP sold (NP (NP a block) (PP of (NP (NP 600,000 shares) (PP of (NP Smith Laboratories Inc. common stock))))) (PP-DTV to (NP (NP companies) (VP affiliated (NP *) (PP-CLR with (NP him))))))))) .)) (TOP (S (PP-LOC In (NP (NP a filing) (PP with (NP the Securities and Exchange Commission)))) , (NP-SBJ Mr. Rocha Garza) (VP said (SBAR 0 (S (NP-SBJ (NP Biscayne Syndicate Inc.) , (NP Lahus II Inc.) , and (NP Lahus III Inc.)) (VP bought (NP the 600,000 shares) (PP-TMP on (NP Oct. 11)) (PP-CLR for (NP (NP (QP $ 1.4 million) *U*) , or (NP (NP $ 2.375 *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ Mr. Rocha Garza) (VP said (SBAR that (S (NP-SBJ (NP he) , (NP Clarendon Group Ltd.) , (NP Biscayne) , (NP Lahus II) , and (NP Lahus III)) (VP (VP are (ADVP all) (ADJP-PRD affiliated)) and (VP hold (NP (NP a combined stake) (PP of (NP (NP 1,234,100 shares) , or (NP 9.33 %))))))))) .)) (TOP (S (NP-SBJ Mr. Rocha Garza) (VP has (VP said (SBAR 0 (S (NP-SBJ-1 he) (VP wants (S (NP-SBJ *-1) (VP to (VP purchase (NP more shares))))))))) .)) (TOP (S (PP-LOC In (NP San Diego)) , (NP-SBJ Smith Laboratories President Timothy Wollaeger) (VP said (SBAR 0 (S (NP-SBJ (NP the transfer) (PP of (NP the shares))) (VP is n't (ADJP-PRD significant))))) .)) (TOP (S (NP-SBJ (NP Investcorp) , (NP New York) ,) (VP said (SBAR 0 (S (NP-SBJ (NP it) and (NP (NP the management) (PP of (NP Sports & Recreation Inc.)))) (VP bought (NP (NP the operator) (PP of (NP the 10-store Sports Unlimited chain))) (PP-CLR for (NP some (QP $ 40 million) *U*)))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ The investment bank) (VP becomes (NP-PRD (NP majority shareholder) (PP-LOC in (NP (NP Sports & Recreation) , (NP a 10-year-old sporting goods retailer) ,))))) (VP said (S *T*-1)) (NP-SBJ (NP Oliver E. Richardson) , (NP (NP (NP a member) (PP of (NP (NP Investcorp 's) management committee))) and (NP (NP a director) (PP of (NP the chain))))) .)) (TOP (S (NP-SBJ (NP Sports Unlimited) , (NP (NP Tampa) , (NP Fla.)) ,) (VP posted (NP (NP revenue) (PP of (NP (QP $ 59 million) *U*))) (PP for (NP (NP the year) (VP ended (NP-TMP-CLR July 31))))) .)) (TOP (S-1 (S (NP-SBJ The company) (VP is `` (ADJP-PRD very profitable '' (PP on (NP an operating basis))))) (PRN , (S (NP-SBJ Mr. Richardson) (VP said (SBAR 0 (S *T*-1))))) , but (S (NP-SBJ-2 he) (VP declined (S (NP-SBJ *-2) (VP to (VP specify (NP numbers)))))) .)) (TOP (S (PP-TMP In (NP 1982)) , (NP-SBJ (NP (NP (NP Sports) & (NP Recreation) 's) managers) and (NP certain passive investors)) (VP purchased (NP the company) (PP-CLR from (NP (NP Brunswick Corp.) (PP-LOC of (NP (NP Skokie) , (NP Ill)))))) .)) (TOP (S (S-TPC-1 (PP-LOC In (NP the latest transaction)) , (NP-SBJ management) (VP bought (PRT out) (NP (NP the passive investors ') holding))) , (NP-SBJ Mr. Richardson) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP Hammond Co.) , (NP (NP Newport Beach) , (NP Calif.)) ,) (VP said (SBAR 0 (S (NP-SBJ Fidelity National Financial Inc.) (VP extended (NP (NP its previous agreement) , (SBAR (WHPP-1 under (WHNP which)) (S (NP-SBJ it) (VP wo n't (VP purchase (NP (NP any more) (PP of (NP (NP the mortgage banker 's) common stock))) (PP-LOC *T*-1))))) ,) (PP-TMP-CLR through (NP Oct. 31)))))) .)) (TOP (S (NP-SBJ The previous agreement) (VP expired (NP-TMP Thursday)) .)) (TOP (S (NP-SBJ Hammond) (VP said (SBAR (SBAR that (S (NP-SBJ (NP its discussions) (PP with (NP (NP Fidelity) , (NP an (NAC-LOC Irvine , Calif. ,) title-insurance underwriter) ,))) (VP are (VP continuing)))) , but (SBAR that (S (NP-SBJ (NP prospects) (PP for (NP a longer-term standstill agreement))) (VP are (ADJP-PRD uncertain)))))) .)) (TOP (S (NP-SBJ Fidelity) (VP has (VP increased (NP (NP its stake) (PP-LOC in (NP Hammond))) (PP-DIR to (NP 23.57 %)))) (PP-TMP in (NP recent months)) .)) (TOP (S (NP-SBJ (NP Statements) (VP made (NP *) (PP-LOC in (NP (NP Securities and Exchange Commission) filings)))) (VP led (S (NP-SBJ Hammond) (VP to (VP request (NP a standstill agreement))))) .)) (TOP (S (NP-SBJ Giant Group Ltd.) (VP said (SBAR 0 (S (NP-SBJ it) (VP terminated (NP (NP negotiations) (PP for (NP (NP the purchase) (PP of (NP (NP Aspen Airways) , (NP (NP a Denver-based regional carrier) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP operates (NP the United Express connector service) (PP-LOC under (NP (NP contract) (PP to (NP (NP UAL Corp. 's) United Airlines))))))))))))))))) .)) (TOP (S (S (NP-SBJ (NP Giant) , (NP (NP a (NAC-LOC Beverly Hills , Calif. ,) collection) (PP of (NP companies)) (SBAR (WHNP-3 that) (S (NP-SBJ-1 *T*-3) (VP is (VP controlled (NP *-1) (PP by (NP-LGS Hollywood producer Burt Sugarman))))))) ,) (VP did n't (VP give (NP (NP a reason) (PP for (S-NOM (NP-SBJ *) (VP halting (NP its plan (S (NP-SBJ *) (VP to (VP acquire (NP the airline)))))))))))) , and (S (NP-SBJ-2 Aspen officials) (VP could n't (VP be (VP reached (NP *-2) (PP-CLR for (NP comment)))))) .)) (TOP (S (NP-SBJ-1 Giant) (VP agreed (NP-TMP last month) (S (NP-SBJ *-1) (VP to (VP purchase (NP the carrier))))) .)) (TOP (S (NP-SBJ Giant) (VP has n't (ADVP ever) (VP disclosed (NP the proposed price)) , (SBAR-ADV although (S (NP-SBJ (NP Avmark Inc.) , (NP an (NAC Arlington , Va.-based) aircraft consulting concern) ,) (VP has (VP valued (NP (NP Aspen 's) fleet) (PP-CLR at (NP (QP about $ 46 million) *U*))))))) .)) (TOP (S (NP-SBJ The airline) (VP would (VP have (VP become (NP-PRD (NP the latest) (PP-LOC in (NP (NP a peculiar blend) (PP of (NP (NP Giant companies) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (ADJP-PRD involved (PP in (S-NOM (NP-SBJ *) (VP (VP making (NP cement)) , (VP recycling (NP newsprint)) and (VP operating (NP fast-food restaurants))))))))))))))))) .)) (TOP (S (NP-SBJ (NP The state-controlled insurer) (NP (NP Assurances Generales) (PP de (NP France)))) (VP said (SBAR 0 (S (NP-SBJ it) (VP has (VP obtained (NP regulatory approval (S (NP-SBJ *) (VP to (VP increase (NP (NP its stake) (PP in (NP the financial holding company Cie. de Navigation Mixte))) (PP-DIR above (NP 10 %)) (PP-DIR from (NP (NP the current level) (PP of (NP about 8 %))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Friday 's) approval) (VP (VP was (VP needed (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP conform (PP-CLR with (NP (NP Bourse rules) (VP regarding (NP (NP companies) (PP with (NP bank interests))))))))))) and (VP follows (NP (NP a similar approval) (VP given (NP *) (NP-TMP Wednesday) (PP-DTV to (NP Cie . Financiere de Paribas)))))) .)) (TOP (S (NP-SBJ Both (NP (NP Paribas) and (NP AGF))) (VP have (VP been (VP increasing (NP (NP their stakes) (PP-LOC in (NP Navigation Mixte))) (ADVP-TMP recently) (PP-PRP for (SBAR-NOM (WHNP-2 what) (S (NP-SBJ they) (VP have (VP termed (S (NP-SBJ *T*-2) (NP-PRD `` investment purposes))))))) , '' (SBAR-ADV although (S (NP-SBJ-1 the issue) (VP has (VP been (VP surrounded (NP *-1) (PP by (NP-LGS takeover speculation)) (PP-TMP in (NP recent weeks)))))))))) .)) (TOP (S (S (NP-SBJ AGF) (VP did n't (VP comment (ADVP-MNR officially) (PP-CLR on (NP (NP its reasons) (PP for (S-NOM (NP-SBJ *) (VP seeking (NP the approval))))))))) , but (S (NP-SBJ (NP people) (ADJP close (PP to (NP the group)))) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP was (VP done (NP *-1) (S-PRP (NP-SBJ *) (VP to (VP make (ADJP sure (SBAR 0 (S (NP-SBJ the group) (VP would (VP have (NP (NP the flexibility) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP increase (NP (NP its stake) (PP-LOC in (NP the future))) (ADVP *T*-2)))))) , (SBAR-ADV (SINV should (NP-SBJ interesting price opportunities) (VP arise))))))))))))))))) .)) (TOP (S (NP-SBJ An AGF official) (VP did (VP specify , (ADVP however) , (SBAR that (S (NP-SBJ there) (VP was (NP-PRD (NP no foundation) (PP to (NP recent rumors (SBAR 0 (S (NP-SBJ the group) (VP might (VP be (VP acting (PP-MNR in (NP (NP concert) (PP with (NP Paribas))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Lockheed Aeronautical Systems Co.) , (NP (NP a unit) (PP of (NP Lockheed Corp.))) ,) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP agreed (S (NP-SBJ *-1) (VP to (VP join (PP-CLR with (NP (NP Aermacchi S.p . A.) (PP-LOC of (NP (NP Varese) , (NP Italy) ,)))) (S-PRP (NP-SBJ *) (VP to (VP propose (NP (NP a new generation) (PP of (NP (NP jet trainers) (PP for (NP the U.S. Air Force))))))))))))))) .)) (TOP (S (NP-SBJ-1 The Air Force) (VP is (VP looking (S (NP-SBJ *-1) (VP to (VP buy (NP (NP 540 new primary jet trainers) , (PP with (NP (NP a total value) (PP of (NP (NP (QP $ 1.5 billion) *U*) (PP to (NP (QP $ 2 billion) *U*)))))) ,) (PP-TMP between (NP 1994 and 2004))))))) .)) (TOP (S (NP-SBJ The aircraft) (VP would (VP replace (NP (NP the T-37) , (VP made (NP *) (PP by (NP-LGS (NP the Cessna Aircraft Co. unit) (PP of (NP General Dynamics Corp.))))) , (SBAR (WHNP-38 which) (S (NP-SBJ the Air Force) (VP uses (NP-1 *T*-38) (S-CLR (NP-SBJ *-1) (VP to (VP train (NP jet pilots)))))))))) .)) (TOP (S (NP-SBJ Lockheed) (VP said (SBAR 0 (S (NP-SBJ the U.S. Navy) (VP may (ADVP also) (VP buy (NP (NP an additional 340 trainer aircraft) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP replace (NP (NP its T34C trainers) (VP made (NP *) (PP by (NP-LGS (NP the Beech Aircraft Corp. unit) (PP of (NP Raytheon Corp)))))))))))))))) .)) (TOP (S (PP-LOC Under (NP (NP the agreement) (PP with (NP Lockheed)))) , (NP-SBJ Aermacchi) (VP (VP will (VP license (S (NP-SBJ Lockheed) (VP to (VP build (NP the Aermacchi MB-339 jet tandem-trainer)))))) and (VP will (VP supply (NP certain structures)))) .)) (TOP (S (NP-SBJ Lockheed) (VP will (VP (VP build (NP additional structures)) and (VP perform (NP (NP final assembly) (PP of (NP the tandem-seat trainer)))) (PP-LOC at (NP its (NAC-LOC Marietta , Ga. ,) plant)) (SBAR-ADV (SINV should (NP-SBJ the Air Force) (VP order (NP the craft)))))) .)) (TOP (S (NP-SBJ (NP A Lockheed spokesman) (PP-LOC in (NP (NP Burbank) , (NP Calif.) ,))) (VP said (SBAR 0 (S (NP-SBJ he) (VP was n't (ADJP-PRD aware (PP of (SBAR (WHNP-1 which other companies) (S (NP-SBJ *T*-1) (VP would (VP be (VP competing (PP-CLR for (NP the Air Force contract))))))))))))) .)) (TOP (S (NP-SBJ Striking auto workers) (VP ended (NP (NP their 19-day occupation) (PP of (NP (NP a metal shop) (PP at (NP (NP a Peugeot S.A. factory) (PP-LOC in (NP eastern France))))))) (NP-TMP Friday) (SBAR-TMP as (S (NP-SBJ pay talks) (VP got (PP-PRD under (NP way)) (PP-LOC in (NP the capital)))))) .)) (TOP (S But (NP-SBJ the Peugeot breakthrough) (VP came (SBAR-TMP as (S (NP-SBJ (NP a nationwide dispute) (PP by (NP Finance Ministry employees))) (VP (VP disrupted (NP border checkpoints)) and (VP threatened (NP (NP the government 's) ability (S (NP-SBJ *) (VP to (VP pay (NP its bills)))))))))) .)) (TOP (S (NP-SBJ-2 The Peugeot metalworkers) (VP began (S (NP-SBJ *-2) (VP filing (ADVP-DIR out (PP of (NP (NP the shop) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP makes (NP auto parts)))) ,))) (PP-LOC at (NP (NP the plant) (PP-LOC in (NP Mulhouse)))) (PP after (S-NOM (NP-SBJ-3 *) (VP voting (NP 589 to 193) (S (NP-SBJ *-3) (VP to (VP abandon (NP the occupation)))))))))) .)) (TOP (S (NP-SBJ-1 Their withdrawal) (VP was (VP based (NP *-1) (PP-LOC-CLR on (NP (NP promises (S *ICH*-2)) (PP by (NP Peugeot)) (S-2 (NP-SBJ *) (VP to (VP open (NP negotiations) (PP-LOC in (NP Paris)) (PP-TMP at (NP (NP the same time) (SBAR (WHADVP-3 0) (S (NP-SBJ the last man) (VP left (NP the premises) (ADVP-TMP *T*-3))))))))))))) .)) (TOP (S (NP-SBJ (NP The strike) (PP by (NP (NP customs officers) , (NP tax collectors) , (NP treasury workers) and (NP (NP other civil servants) (VP attached (NP *) (PP-CLR to (NP (NP the Ministry) (PP of (NP Finance))))))))) (VP may (VP pose (NP (NP a (ADJP more serious) challenge) (PP to (NP (NP the government) and (NP the average Frenchman)))))) .)) (TOP (S (NP-SBJ Ministry employees) (VP complain (SBAR that (S (NP-SBJ-1 they) (VP are (VP (ADVP-MNR poorly) paid (NP *-1) (PP-PRP because of (NP (NP a complex job-rating system) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP say (SBAR 0 (S (NP-SBJ-3 *T*-2) (VP fails (S (NP-SBJ *-3) (VP to (VP take (PP-CLR into (NP account)) (NP (NP their education) and (NP (NP level) (PP of (NP technical expertise)))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (NP The market) (PP for (NP (NP (QP $ 200 billion) *U*) (PP of (NP high-risk junk bonds)))))) , (S-ADV (NP-SBJ *-1) (VP battered (NP *) (PP by (NP-LGS (NP (NP a succession) (PP of (NP defaults))) and (NP (NP huge price declines) (NP-TMP this year)))))) , (ADVP practically) (VP vanished (NP-TMP Friday)) .)) (TOP (S (NP-SBJ Trading) (VP ground (PP-CLR to (NP a halt)) (SBAR-TMP as (S (NP-SBJ-1 investors) (VP rushed (S (NP-SBJ *-1) (VP to (VP sell (NP bonds)))) , (S-ADV (ADVP only) (NP-SBJ *) (VP to (VP find (S (NP-SBJ-2 themselves) (VP deserted (NP *-2) (PP by (NP-LGS potential buyers))))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-1) (ADJP-PRD Stunned)) , (NP-SBJ-1 they) (VP watched (S (NP-SBJ brokerage houses) (VP mark (S (ADJP-PRD down) (NP-SBJ (NP price quotations) (PP on (NP their junk holdings)))) (SBAR-TMP while (S (NP-SBJ *) (VP being (ADJP-PRD able (S (NP-SBJ *) (VP to (VP execute (NP (ADJP very few) actual trades))))))))))) .)) (TOP (SINV `` (S-TPC-3 (S (NP-SBJ The junk bond market) (VP is (PP-PRD in (NP (NP a state) (PP of (NP gridlock)))) (ADVP-TMP now))) -- (S (NP-SBJ there) (VP are (NP-PRD (NP no bids) , only (NP offers))))) , '' (VP says (S *T*-3)) (NP-SBJ (NP independent investor Martin D. Sass) , (SBAR (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP manages (NP (QP nearly $ 4 billion) *U*)))) and (SBAR (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (ADVP-TMP recently) (VP decided (S (NP-SBJ *-4) (VP to (VP buy (NP distressed securities) (PP for (NP a new fund)))))))))) .)) (TOP (S-TPC-1 (NP-SBJ This calamity) (VP is `` (ADVP-PRD far (PP from (ADVP over)))) , '' (NP-SBJ he) (VP says (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-2 (NP Junk 's) collapse) (VP helped (S (NP-SBJ *-2) (VP stoke (NP (NP the panicky selling) (PP of (NP stocks)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP produced (NP (NP the deepest one-day dive) (PP-LOC in (NP the Dow Jones Industrial Average)) (SBAR-TMP since (NP the (NAC-TMP Oct. 19 , 1987 ,) crash)))))))))) .)) (TOP (S (ADVP-TMP Simultaneously) , (NP-SBJ-2 it) (ADVP also) (VP helped (S (NP-SBJ *-2) (VP trigger (NP (NP (NP this year 's) biggest rally) (PP-LOC in (NP the U.S. government bond market))))) (SBAR-TMP as (S (NP-SBJ-3 investors) (VP rushed (S (NP-SBJ *-3) (VP to (VP move (NP capital) (PP-DIR into (NP (NP the highest-quality securities) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP could (VP find (NP *T*-1)))))))))))))) .)) (TOP (SINV (S-TPC-1 But `` (NP-SBJ an eerie silence) (VP pervaded '' (NP the junk market) (NP-TMP Friday) (SBAR-TMP as (S (NP-SBJ prices) (VP tumbled (PP-LOC-CLR on (NP (NP hundreds) (PP of (NP high-yield bonds)))) (PP despite (NP `` no active trading))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP John Lonski) , (NP (NP an economist) (PP-LOC at (NP (NP Moody 's) Investors Service Inc)))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP the price) (PP of (NP (NP (NP Southland Corp. 's) (QP $ 500 million) *U*) (PP of (NP (NP 16 3/4 % bonds) (ADJP due (NP 2002)) -- (VP sold (ADVP-TMP (NP (QP less than two) years) ago) (PP by (NP-LGS Goldman , Sachs & Co.))) --))))) (VP plummeted (NP-EXT 25 %) (PP-DIR to (NP (NP (QP just 30) cents) (PP on (NP the dollar))))) .)) (TOP (S But (NP-SBJ not even Goldman) (VP would (VP make (NP a market) (PP-LOC in (NP (NP the securities) (PP of (NP (NP Southland) , (NP (NP the owner) (PP of (NP (NP the nationwide chain) (PP of (NP 7-11 convenience stores)) (SBAR (WHNP-13 that) (S (NP-SBJ-12 *T*-13) (VP is (VP strapped (NP *-12) (PP-CLR for (NP cash))))))))))))))) .)) (TOP (S (NP-SBJ-1 Goldman officials) (VP declined (S (NP-SBJ *-1) (VP to (VP comment)))) .)) (TOP (S (NP-SBJ (NP Junk bonds) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP mushroomed (PP from (NP (QP less than $ 2 billion) *U*) (PP-TMP at (NP (NP the start) (PP of (NP this decade)))))))) ,) (VP have (VP been (VP declining (PP-TMP for (NP months)) (SBAR-TMP as (S (NP-SBJ (NP issuer) (PP after (NP issuer))) (VP sank (PP-LOC-CLR beneath (NP (NP the weight) (PP of (NP hefty interest payments)))))))))) .)) (TOP (S (NP-SBJ The shaky market) (VP received (NP (NP its biggest jolt) (NP-TMP last month)) (PP-CLR from (NP (NP Campeau Corp.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP created (NP its U.S. retailing empire) (PP-MNR with (NP junk financing)))))))) .)) (TOP (S (NP-SBJ Campeau) (VP developed (NP (NP a cash squeeze) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP caused (S (NP-SBJ it) (VP (VP to (VP be (ADJP-PRD tardy (PP on (NP some interest payments))))) and (VP to (VP put (NP its prestigious Bloomingdales department-store chain) (PP-CLR up (PP for (NP sale)))))))))))) .)) (TOP (S (ADVP-TMP Now) , (NP-SBJ (NP (NP dozens) (PP of (NP corporations))) , (PP including (NP (NP Ethan Allen) , (NP TW Services) and (NP York International))) , (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP are (VP counting (PP-CLR on (NP-2 (NP (QP at least $ 7 billion) *U*) (PP of (NP scheduled new junk financings)))) (S-CLR (NP-SBJ *-2) (VP to (VP keep (S (NP-SBJ their highly leveraged takeovers and buy-outs) (ADJP-PRD afloat))))))))) ,) (VP may (ADVP-TMP never) (VP get (NP the money))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The music) (VP has (VP stopped (S (NP-SBJ *) (VP playing))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Michael Harkins) , (NP (NP a principal) (PP-LOC in (NP (NP the investment firm) (PP of (NP Levy Harkins)))))) .)) (TOP (S `` (S (NP-SBJ You) (VP 've) (ADVP either) (VP got (NP a chair))) or (S (NP-SBJ you) (VP do n't (VP *?*))) . '')) (TOP (S-2 (PP-LOC In (NP (NP Friday 's) aftermath)) (PRN , (SINV (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP R. Douglas Carleton) , (NP (NP a director) (PP of (NP (NP high-yield finance) (PP-LOC at (NP First Boston Corp.))))))) ,) `` (NP-SBJ-1 (NP much) (PP of (NP the (ADJP (QP $ 7 billion) *U*) forward calendar))) (VP could (VP be (VP deferred (NP *-1) , (PP depending (PP on (NP the hysteria)))))) . '')) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ First Boston) (VP withdrew (NP (NP a (ADJP (QP $ 475 million) *U*) junk offering) (PP of (NP Ohio Mattress bonds))) (SBAR-PRP because (S (NP-SBJ potential buyers) (VP were (ADJP-PRD `` very skittish))))) . '')) (TOP (SINV (S-TPC-1 (NP-SBJ The outlook) `` (VP looks (ADJP-PRD shaky) (SBAR-PRP because (S (NP-SBJ we) (VP 're (ADVP-TMP still) (VP waiting '' (SBAR-CLR for (S (NP-SBJ (NP mutual funds) , (PP in (ADJP particular)) ,) (VP to (VP dump (NP (NP some) (PP of (NP their junk bond holdings))) (S-PRP (NP-SBJ *) (VP to (VP pay (PRT off) (NP (NP redemptions) (PP by (NP individual investors)))))))))))))))) , (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP King Penniman) , (NP (NP senior vice president) (PP-LOC at (NP (NP McCarthy , Crisanti & Maffei) , (NP (NP an investment arm) (PP of (NP Xerox Financial Services))))))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP (NP a Moody 's) index) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP tracks (NP (NP the net asset values) (PP of (NP 24 high-yield mutual funds))))))) (VP declined (PP-TMP for (NP the 17th consecutive day)) (NP-TMP Friday)) .)) (TOP (S (PP-LOC In (NP a stark contrast)) , (NP-SBJ the benchmark 30-year Treasury bond) (VP (VP climbed (NP-EXT (NP (QP more than 2 1/2) points) , or (NP (NP (QP about $ 25) *U*) (PP for (NP each (ADJP $ 1,000 *U*) face amount))) ,) (PP-DIR to (NP 103 12/32))) , (NP (NP its biggest gain) (PP of (NP the year)))) .)) (TOP (S (NP-SBJ (NP The bond 's) yield) (VP dropped (PP-DIR to (NP (NP 7.82 %) , (NP (NP the lowest) (PP-TMP since (NP March 31 , 1987)) , (PP according (PP to (NP Technical Data Global Markets Group))))))) .)) (TOP (S (NP-SBJ (NP The yield) (PP-LOC on (NP (NP three-month Treasury bills) , (VP considered (NP the (ADJP safest (PP of (NP all investments))))) ,))) (VP (VP plummeted (NP-EXT about 0.7 percentage point) (PP-EXT to (NP 7.16 %))) , (NP (NP the largest one-day decline) (PP-TMP since (NP 1982)))) .)) (TOP (S (NP-SBJ (NP The main catalyst) (PP for (NP government bond market rally))) (VP was (NP-PRD (NP the 190.58-point drop) (PP-LOC in (NP the Dow Jones Industrial Average)))) .)) (TOP (SINV `` (S-TPC-2 (SBAR (WHADVP-1 When) (S (NP-SBJ you) (VP get (NP (NP panic) (PP-LOC in (NP one market))) (ADVP-LOC *T*-1))) ,) (NP-SBJ you) (VP get (NP (NP flight) (PP to (NP quality))) (PP-LOC in (NP the other)))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Maria Ramirez) , (NP (NP money market economist) (PP-LOC at (NP Drexel Burnham Lambert Inc)))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ (NP the problems) (PP of (NP the junk market))) (VP could (VP prompt (S (NP-SBJ the Federal Reserve) (VP to (VP ease (NP credit) (PP-TMP in (NP (NP the months) (ADVP ahead)))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ This) (VP marks (NP (NP a significant shift) (PP-LOC in (NP the interest rate outlook))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP William Sullivan) , (NP (NP director) (PP of (NP money market research)) (PP-LOC at (NP (NP Dean Witter Reynolds Inc.) , (NP-LOC New York))))) .)) (TOP (S (NP-SBJ Any sustained credit-easing) (VP could (VP be (NP-PRD (NP a lift) (PP for (NP (NP junk bonds) (CONJP as well as) (NP other securities)))))) .)) (TOP (S (NP-SBJ (NP Robert Dow) , (NP (NP a (NX (NX partner) and (NX portfolio manager))) (PP-LOC at (NP (NP Lord , Abbett & Co.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP manages (NP (NP (QP $ 4 billion) *U*) (PP of (NP high-yield bonds)))))) ,)))) (VP says (SBAR 0 (S (NP-SBJ he) (VP does n't `` (VP think (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP any fundamental economic rationale) -LCB- (PP for (NP the junk bond rout)) -RCB-))))))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD herd instinct)) . '')) (TOP (S (NP-SBJ He) (VP adds : `` (S (S (NP-SBJ The junk market) (VP has (VP witnessed (NP some trouble)))) and (S (S (ADVP-TMP now) (NP-SBJ some people) (VP think (SBAR that (S (SBAR-ADV if (S (NP-SBJ-1 the equity market) (VP gets (VP creamed (NP *-1))))) (NP-SBJ that) (VP means (SBAR 0 (S (NP-SBJ the economy) (VP will (VP be (ADJP-PRD terrible)))))))))) and (S (NP-SBJ that) (VP 's (ADJP-PRD bad (PP for (NP junk)))))))) .)) (TOP (S (S (NP-SBJ I) (VP do n't (VP believe (SBAR 0 (S (NP-SBJ that) (VP 's (NP-PRD the case))))))) , but (S (NP-SBJ I) (VP believe (SBAR that (S (NP-SBJ-1 people) (VP are (VP running (S-CLR (NP-SBJ *-1) (ADJP-PRD scared)))))))) .)) (TOP (S (S (NP-SBJ There) (VP is (NP-PRD (NP a flight) (PP to (NP quality))))) , and (S (S (NP-SBJ the quality) (VP is (PP-LOC-PRD not (PP in (NP equities)) and not (PP in (NP junk))))) -- (S (NP-SBJ it) (VP 's (PP-LOC-PRD in (NP Treasurys))))) . '')) (TOP (S (SBAR-TMP Even as (S (NP-SBJ (NP trading) (PP-LOC in (NP high-yield issues))) (VP dried (PRT up) (PP-TMP over (NP the past month))))) , (NP-SBJ corporations) (VP sold (NP (NP (QP more than $ 2 billion) *U*) (PP of (NP new junk bonds)))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ (NP (NP a recent (ADJP (QP $ 375 million) *U*) offering) (PP of (NP Petrolane Gas Services L.P. bonds))) (VP sold (NP *) (PP by (NP-LGS First Boston)))) (VP was (NP-ADV three times) (ADJP-PRD oversubscribed)) .)) (TOP (S (NP-SBJ-1 (NP A (ADJP (QP $ 550 million) *U*) offering) (PP of (NP (NP (NP Turner Broadcasting System Inc .) high-yield securities) (VP sold (NP-TMP last week) (PP by (NP-LGS Drexel)))))) (VP was (VP increased (NP *-1) (NP-EXT (QP $ 50 million) *U*) (PP-PRP because of (NP strong demand)))) .)) (TOP (S (NP-SBJ First Boston) (VP estimates (SBAR that (S (PP-TMP in (NP (NP November and December) (ADJP alone))) , (NP-SBJ junk bond investors) (VP will (VP receive (NP (NP (QP $ 4.8 billion) *U*) (PP of (NP coupon interest payments)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ That) (VP 's (NP-PRD a clear indication (SBAR that (S (NP-SBJ there) (VP (VP is (NP-PRD *RNR*-1)) and (VP will (VP be (NP-PRD *RNR*-1))) (NP-1 (NP an undercurrent) (PP of (S-NOM (NP-SBJ basic business) (VP going (PRT on))))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Carleton) (PP of (NP First Boston))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP do n't (VP know (SBAR (WHADVP-3 how) (S (NP-SBJ people) (VP can (VP say (SBAR 0 (S (NP-SBJ the junk bond market) (VP disappeared))) (ADVP *T*-3) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ there) (VP were (NP-PRD (NP (QP $ 1.5 billion) *U*) (PP of (NP (NP orders) (PP for (NP (NP (NP (QP $ 550 million) *U*) (PP of (NP junk bonds))) (VP sold (NP-TMP last week) (PP by (NP-LGS Turner)))))))) (ADVP-TMP *T*-2))))))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Raymond Minella) , (NP (NP co-head) (PP of (NP merchant banking)) (PP-LOC at (NP (NP Merrill Lynch) & (NP Co))))) .)) (TOP (S `` (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ the rally) (VP comes (ADVP-TMP *T*-1)))) , (NP-SBJ insurance companies) (VP will (VP be (VP leading (NP it) (SBAR-PRP because (S (S (NP-SBJ they) (VP have (NP (NP billions) (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP invest (NP *T*-3)))))))) and (SINV (VP-TPC-2 invest) (NP-SBJ they) (VP will (VP *T*-2)))))))) .)) (TOP (S (S (NP-SBJ There) (VP is (NP-PRD (NP plenty) (PP of (NP (NP money) (ADJP available (PP from (NP (NP people) (SBAR (WHNP-1 who) (S (NP-SBJ-3 *T*-1) (VP want (S (NP-SBJ *-3) (VP to (VP buy (NP well-structured deals))))))))))))))) ; (S (NP-SBJ (NP it) (SBAR *EXP*-4)) (VP 's (NP-PRD (NP (NP the stuff) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP 's (VP financed (PP-MNR on (NP a shoestring)))))))) (SBAR-4 (WHNP-5 that) (S (NP-SBJ people) (VP are (ADJP-PRD wary (PP of (NP *T*-5)))))))) . '')) (TOP (S But (NP-SBJ-1 such (ADJP highly leveraged) transactions) (VP seemed (S (NP-SBJ *-1) (VP to (VP have (VP multiplied (NP-TMP this year) , (S-ADV (NP-SBJ *) (VP casting (NP a pall) (PP-LOC-CLR over (NP (NP much) (PP of (NP the junk market))))))))))) .)) (TOP (S (NP-SBJ (NP Michael McNamara) , (NP (NP director) (PP of (NP fixed-income research)) (PP-LOC at (NP Kemper Financial Services))) ,) (VP says (SBAR 0 (S (NP-SBJ (NP the quality) (PP of (NP junk issues))) (VP has (VP been (VP getting (ADJP-PRD poorer) , (S-ADV (NP-SBJ *) (VP contributing (PP-CLR to (NP (NP the slide) (PP-LOC in (NP prices)))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-TMP Last year) (NP-SBJ we) (ADVP probably) (VP bought (NP (QP one out of every three) new deals))) , '' (NP-SBJ he) (VP says (S *T*-1)) .)) (TOP (S `` (NP-TMP This year) , (PP at best) , (NP-SBJ it) (VP 's (PP-LOC-PRD in (NP (QP one in every five or six)))) .)) (TOP (S And (NP-SBJ our credit standards) (VP have n't (VP changed (NP-ADV one iota))) . '')) (TOP (S (ADVP However) , (NP-SBJ Mr. McNamara) (VP said (SBAR 0 (S (NP-SBJ (NP the slide) (PP-LOC in (NP junk))) (VP is (VP creating `` (NP (NP one hell) (PP of (NP (NP a buying opportunity) '' (PP for (NP selective buyers)))))))))) .)) (TOP (S (PP-TMP For (NP the moment)) , (NP-SBJ investors) (VP seem (ADJP-PRD (ADJP more preoccupied (PP with (NP the `` bad '' junk))) (PP than (NP the `` good '' junk)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The market) (VP has (VP been (ADJP-PRD weak) (PP-TMP since '' (NP (NP (NP the announcement) (PP of (NP the Campeau cash squeeze))) and (NP (NP (NP the company 's) subsequent bailout) (PP by (NP Olympia & York)))))))) , (VP says (S *T*-1)) (NP-SBJ (NP Mr. Minella) (PP of (NP Merrill Lynch))) .)) (TOP (S `` (NP-SBJ That) (ADVP really) (VP affected (NP the market) (SBAR-MNR in that (S (NP-SBJ-2 people) (VP started (S (NP-SBJ *-2) (VP to (VP ask ` (SBARQ (WHNP-1 What else) (SQ (NP-SBJ *T*-1) (VP is (PP-PRD in (NP trouble))))) ? '))))))) '')) (TOP (S (PP (ADVP Well) before (NP Campeau)) , (ADVP though) , (NP-SBJ there) (VP were (NP-PRD signs (SBAR that (S (NP-SBJ the junk market) (VP was (VP stumbling (PP-LOC-CLR through (NP (NP one) (PP of (NP its worst years ever)))))))))) .)) (TOP (S (PP Despite (NP the (ADJP relatively strong) economy)) , (NP-SBJ junk bond prices) (VP did (NP (NP nothing) (PP except (VP go (ADVP-DIR down)))) , (S-ADV (NP-SBJ *) (VP hammered (PP by (NP-LGS (NP a (ADJP seemingly endless) trail) (PP of (NP bad news))))))) :)) (TOP (S -- (PP-TMP In (NP June)) , (SBAR-TMP (NP two months) before (S (NP-SBJ it) (VP would (VP default (PP-LOC-CLR on (NP (NP interest payments) (VP covering (NP (NP some) (PP of (NP (NP its (QP $ 1.2 billion) *U*) (PP of (NP speculative debt securities)))))))))))) , (NP-SBJ (ADJP New York-based) Integrated Resources Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP ran (PRT out) (PP-CLR of (NP borrowed money)))))) .)) (TOP (S -- (PP-TMP In (NP July)) , (NP-SBJ (NP Southmark Corp.) , (NP (NP the Dallas-based real estate and financial services company) (PP with (NP (NP (QP about $ 1.3 billion) *U*) (PP of (NP junk bonds))))) ,) (VP (ADVP-MNR voluntarily) filed (PP-CLR for (NP (NP protection) (PP-LOC under (NP U.S. bankruptcy law))))) .)) (TOP (S -- (PP-TMP By (NP (NP the end) (PP of (NP July)))) , (NP-SBJ (NP the difference) (PP-LOC in (NP yield)) (PP between (NP (NP an index) (PP of (NP junk bonds))) and (NP seven-year Treasury notes))) (VP widened (PP-DIR to (NP (QP more than 5.5) percentage points))) .)) (TOP (S -- (PP-TMP In (NP August)) , (NP-SBJ (NP Resorts International Inc.) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP sold (NP (NP (QP more than $ 500 million) *U*) (PP of (NP junk bonds)))))) ,) (VP suspended (NP interest payments)) .)) (TOP (S -- (PP-TMP In (NP September)) , (SBAR-TMP just as (S (NP-SBJ the cash squeeze) (VP hit (NP Campeau)))) , (NP-SBJ-1 Lomas Financial Corp.) (VP (VP defaulted (PP-LOC-CLR on (NP (NP (QP $ 145 million) *U*) (PP of (NP notes))))) and (VP appeared (ADJP-PRD unlikely (S (NP-SBJ *-1) (VP to (VP pay (NP (NP interest) (PP-LOC on (NP (NP a total) (PP of (NP (NP (QP $ 1.2 billion) *U*) (PP of (NP debt securities))))))))))))) .)) (TOP (S (ADVP-TMP Meantime) , (NP-SBJ regulators) (VP are (VP becoming (ADJP-PRD increasingly worried) (SBAR-TMP as (S (NP-SBJ-1 (NP the rush) (PP to (NP leverage))) (VP shows (NP (NP no signs) (PP of (S-NOM (NP-SBJ *-1) (VP abating))))))))) .)) (TOP (S (NP-SBJ Moody 's) (VP says (SBAR 0 (S (NP-SBJ (NP the frequency) (PP of (NP corporate credit downgrades))) (VP is (NP-PRD (NP the highest) (NP-TMP this year) (PP-TMP since (NP 1982))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ there) (VP are (NP-PRD (NP (ADJP (QP six times as many)) troubled banks) (SBAR as (S (NP-SBJ there) (VP were (PP-TMP-PRD in (NP (NP the recession) (PP of (NP 1981)))))))) , (PP according (PP to (NP the Federal Deposit Insurance Corp)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ (NP The era) (PP of (NP the 1980s))) (VP is (PP-PRD about (NP (NP compound interest) and (NP (NP the reaching) (PP for (NP it))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP James Grant) , (NP (NP editor) (PP of (NP (NP (NP Grant 's) Interest Rate Observer) , (NP (NP an early critic) (PP of (NP the junk bond market))))))) .)) (TOP (S `` (NP-SBJ (SBAR (WHNP-2 What) (S (NP-SBJ-1 we) (VP 've (VP begun (S (NP-SBJ *-1) (VP to (VP see (NP *T*-2))))))))) (VP is (NP-PRD (NP the damage) (PP to (NP businesses)) (PP of (S-NOM (NP-SBJ *) (VP paying (NP exorbitant compound interest)))))) .)) (TOP (S (NP-SBJ Businesses) (VP were (VP borrowing (PP-CLR at (NP (NP interest rates) (ADJP (ADJP higher) (PP than (NP their own earnings))))))) .)) (TOP (S (NP-SBJ (SBAR (WHNP-1 What) (S (NP-SBJ we) (VP 're (VP seeing (NP *T*-1) (ADVP-TMP now)))))) (VP is (NP-PRD (NP the wrenching readjustment) (PP of (NP asset values)) (PP to (NP (NP a future) (SBAR (WHADVP-2 when) (S (NP-SBJ speculative-grade debt) (VP will (VP be (ADJP-PRD (ADJP hard (S (NP-SBJ *) (VP to (VP obtain)))) (CONJP rather than) (ADJP easy (S *?*))) (ADVP-TMP *T*-2))))))))) . '')) (TOP (NP-HLN (NP Friday 's) Market Activity)) (TOP (S (NP-SBJ (NP Prices) (PP of (NP Treasury bonds))) (VP surged (PP-LOC in (NP (NP the biggest rally) (PP of (NP the year)))) (SBAR-TMP as (S (NP-SBJ investors) (VP fled (NP a plummeting stock market))))) .)) (TOP (S (NP-SBJ-1 The benchmark 30-year Treasury bond) (VP was (VP quoted (NP *-1) (NP (NP 6 p.m.) (NP EDT)) (PP at (NP (NP 103 12/32) , (VP compared (NP *) (PP with (NP 100 27/32 (NP Thursday)))) ,)) (ADVP up (NP 2 1/2 points)))) .)) (TOP (S (NP-SBJ (NP The yield) (PP-LOC on (NP the benchmark))) (VP fell (PP-DIR to (NP (NP 7.82 %) , (NP (NP the lowest) (PP since (NP March 31 , 1987 ,)) (PP according (PP to (NP Technical Data Global Markets Group))))))) .)) (TOP (S (NP-SBJ (NP The `` flight) (PP to (NP quality)) '') (VP (VP began (PP-TMP (ADVP late) in (NP the day))) and (VP followed (NP (NP a precipitous fall) (PP-LOC in (NP the stock market))))) .)) (TOP (S (NP-SBJ Treasurys) (VP opened (ADVP lower) , (S-ADV (NP-SBJ *) (VP reacting (ADVP-MNR negatively) (PP-CLR to (NP news (SBAR that (S (NP-SBJ (NP the producer price index) (PRN -- (NP (NP a measure) (PP of (NP (NP inflation) (PP-LOC on (NP the wholesale level))))) --)) (VP accelerated (PP-TMP in (NP September)))))))))) .)) (TOP (S (NP-SBJ Bond prices) (ADVP barely) (VP budged (PP-TMP until (NP midday))) .)) (TOP (S (NP-SBJ Many bond market participants) (VP will (VP be (VP (ADVP-MNR closely) eying (NP (NP the action) (PP of (NP (NP the Federal Reserve) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP might (VP repeat (NP (NP its (NAC-TMP October 1987) injection) (PP of (NP (NP huge amounts) (PP of (NP liquidity))))) (S-PRP (NP-SBJ *) (VP to (VP (VP buoy (NP the financial markets)) and (VP keep (NP-2 the economy) (PP-CLR from (S-NOM (NP-SBJ *-2) (VP slowing (PP-CLR into (NP a recession))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Prices) (PP of (NP (NP municipals) , (NP investment-grade corporates) and (NP mortgage-backed bonds)))) (ADVP also) (VP (VP rose) , but (VP lagged (PP-CLR behind (NP their Treasury counterparts)))) .)) (TOP (S (NP-SBJ Mortgage securities) (VP rose (PP-LOC in (NP hectic trading)) , (SBAR with (S (NP-SBJ (NP most) (PP of (NP the activity))) (VP concentrated (PP-LOC-CLR in (NP (NP Government National Mortgage Association (ADJP 9 %) coupon securities) , (NP the (ADJP most liquid) mortgage issue))))))) .)) (TOP (S (NP-SBJ The Ginnie Mae November 9 % issue) (VP ended (PP-CLR at (NP 98 25/32)) , (ADVP up (NP 7/8 point) (PP-TMP on (NP the day))) , (S-ADV (NP-SBJ *) (VP to (VP yield (NP-EXT (QP about 9.28) %) (PP-CLR to (NP a 12-year average life assumption)))))) .)) (TOP (S (NP-SBJ Investment-grade corporate bonds) (VP were (ADVP-PRD up (NP (QP about 1/2 to 3/4) point))) .)) (TOP (S But (NP-SBJ (NP the yield spread) (PP between (NP lower-quality , investment-grade issues) and (NP higher-quality bonds))) (VP widened) .)) (TOP (S And (NP-SBJ (NP the yields) (PP-LOC on (NP telephone and utility issues))) (VP rose (ADVP relative (PP to (NP other investment-grade bonds))) (PP in (NP (NP anticipation) (PP of (NP (NP (NP this week 's) (ADJP (QP $ 3 billion) *U*) bond offering) (PP by (NP the Tennessee Valley Authority))))))) .)) (TOP (S (PP Despite (NP rumors (SBAR that (S (NP-SBJ-1 (NP the TVA 's) (ADJP long-awaited) offering) (VP would (VP be (VP postponed (NP *-1) (PP-PRP because of (NP (NP the debacle) (PP-LOC in (NP the equity markets))))))))))) , (NP-SBJ (NP sources) (PP-LOC in (NP the underwriting syndicate))) (VP said (SBAR 0 (S (NP-SBJ they) (VP expect (SBAR 0 (S (NP-SBJ-2 the issue) (VP will (VP be (VP priced (NP *-2) (SBAR-MNR as (S (NP-SBJ *) (VP scheduled)))))))))))) .)) (TOP (S (NP-SBJ (NP One) (PP of (NP the sources))) (VP said (SBAR 0 (S (NP-SBJ-1 (NP the smaller portions) (PP of (NP (NP (QP $ 750 million) *U*) (NP-ADV each))) (PP of (NP (ADJP (ADJP five-year) and (ADJP 10-year)) bonds))) (VP have (ADVP-TMP already) (VP been `` (VP (ADVP substantially) oversubscribed (NP *-1))))))) . '')) (TOP (S (NP-SBJ Municipal bonds) (VP rose (NP (NP as much) (PP as (NP 3/4 point)))) .)) (TOP (S (NP-SBJ Roger Lowenstein) (VP contributed (PP-CLR to (NP this article))) .)) (TOP (S (S (NP-SBJ (NP (NP Friday 's) 190-point plunge) (PP-LOC in (NP stocks))) (VP does not (VP come (PP-LOC atop (NP (NP (NP the climate) (PP of (NP anxiety))) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP dominated (NP financial markets) (ADVP-TMP just prior (PP to (NP their 1987 October crash))))))))))) , and (S (NP-SBJ-2 mechanisms) (VP have (VP been (VP put (NP *-2) (PP-PUT in (NP place)) (S-PRP (NP-SBJ *) (VP to (VP keep (NP markets) (ADJP-PRD more orderly)))))))) .)) (TOP (S (S (ADVP-TMP Still) , (NP-SBJ the lesson) (VP is (ADJP-PRD about the same))) : (S (PP-TMP On (NP Friday the 13th)) , (NP-SBJ-1 the market) (VP was (VP spooked (NP *-1) (PP by (NP-LGS Washington))))) .)) (TOP (S (S (NP-SBJ-2 (NP The consensus) (PP-LOC along (NP the street))) (VP seems (S (NP-SBJ *-2) (VP to (VP be (SBAR-PRD that (S (NP-SBJ-1 the plunge) (VP was (VP triggered (NP *-1) (PP by (NP-LGS (NP the financing problems) (PP of (NP the UAL takeover))))))))))))) , and (S (NP-SBJ it) (VP 's (ADJP-PRD certainly true (SBAR 0 (S (NP-SBJ the rout) (VP began (PP-TMP (ADVP-TMP immediately) after (NP the UAL trading halt)))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ (NP the consensus) (SBAR *ICH*-2)) (VP seems (ADJP-PRD almost as wide) (SBAR-2 that (S (NP-SBJ one faltering bid) (VP is (NP-PRD (NP no reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP write (PRT down) (NP (NP the value) (PP of (NP all U.S. business)))))))) (ADVP-PRP *T*-1))))) .)) (TOP (S (NP-SBJ This observation) (VP leads (NP us) (PP-DIR to (NP (NP (NP another piece) (PP of (NP news))) (VP moving (PP-LOC on (NP the Dow Jones ticker)) (PP-TMP (ADVP-TMP shortly) before (NP the downturn))) : (NP (NP the success) (PP of (NP Senate Democrats)) (PP in (S-NOM (NP-SBJ *) (VP stalling (NP the capital gains tax cut)))))))) .)) (TOP (S (NP-SBJ-1 (NP The real value) (PP of (NP all shares))) , (PP after (NP all)) , (VP is (VP (ADVP-MNR directly) impacted (NP *-1) (PP by (NP-LGS (NP the tax) (PP-LOC on (NP any profits)))) (PRN -LRB- (ADVP (ADVP (NP-ADV all the more) so) (VP given (NP (NP the limits) (PP-LOC on (NP (NP deductions) (PP for (NP losses)))) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP show (SBAR 0 (S (NP-SBJ gains) (VP are not `` (NP-PRD ordinary income) ''))))))))) -RRB-))) .)) (TOP (S And (NP-SBJ-1 market expectations) (ADVP clearly) (VP have (VP been (VP raised (NP *-1) (PP-LGS by (NP (NP the capital gains victory) (PP-LOC in (NP the House)) (NP-TMP last month)))))) .)) (TOP (S (PP-TMP (NP An hour) before (NP (NP Friday 's) plunge)) , (NP-SBJ-1 that provision) (VP was (VP stripped (NP *-1) (PP-CLR from (NP the tax bill)) , (S-ADV (NP-SBJ *) (VP leaving (NP it) (PP-CLR with (NP (NP (QP $ 5.4 billion) *U*) (PP in (NP tax increases)))) (PP without (NP a capital gains cut)))))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP a great deal) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP said (NP *-1) , (S-ADV (NP-SBJ *) (VP to (VP be (ADJP-PRD sure)))) , (PP-CLR for (S-NOM (NP-SBJ *) (VP stripping (NP the garbage) (ADVP-CLR out (PP of (NP the reconciliation bill))))))))))))) .)) (TOP (S (NP-SBJ It) (VP would (VP be (NP-PRD a good thing) (SBAR-ADV if (S (NP-SBJ-1 Congress) (VP started (S (NP-SBJ *-1) (VP to (VP decide (NP issues) (ADVP one-by-one) (PP-CLR on (NP their individual merits)) (PP without (NP trickery)))))))))) .)) (TOP (S (PP For (NP one thing)) , (NP-SBJ no one) (VP doubts (SBAR that (S (NP-SBJ the capital gains cut) (VP would (VP pass (PP-CLR on (NP an up-or-down vote))))))) .)) (TOP (S (SBAR-ADV Since (S (NP-SBJ Senate leaders) (VP have (ADVP-TMP so far) (VP fogged (NP it) (PRT up) (PP-MNR with (NP procedural smokescreens)))))) , (NP-SBJ (NP promises) (PP of (NP a cleaner bill))) (VP are (ADJP-PRD suspect)) .)) (TOP (FRAG (ADVP Especially so) (SBAR-TMP since (S (NP-SBJ-1 President Bush) (VP has (VP been (VP weakened (NP *-1) (PP-LGS by (NP the Panama fiasco))))))) .)) (TOP (S (PP To (NP (NP the extent) (SBAR (WHNP that) (S (NP-SBJ the UAL troubles) (VP contributed (PP-CLR to (NP the plunge))))))) , (NP-SBJ they) (VP are (NP-PRD (NP another instance) (PP of (NP (NP Washington 's) sticky fingers)))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ-1 (NP the best opportunities) (PP for (NP corporate restructurings))) (VP are (VP exhausted (NP *-1) (PP of (NP course)))))) , (PP-TMP at (NP some point)) (NP-SBJ-2 the market) (VP will (VP start (S (NP-SBJ *-2) (VP to (VP reject (NP them)))))) .)) (TOP (S But (NP-SBJ the airlines) (VP are (ADVP scarcely) (NP-PRD a clear case) , (S-ADV (NP-SBJ *) (VP given (NP (NP anti-takeover mischief) (PP by (NP (NP (NAC Secretary (PP of (NP Transportation))) Skinner) , (SBAR (WHNP-2 who) (S (NP-SBJ-4 *T*-2) (VP professes (S (NP-SBJ *-4) (VP to (VP believe (SBAR 0 (S (NP-SBJ-1 safety) (VP will (VP be (VP compromised (NP *-1) (SBAR-ADV if (S (NP-SBJ (NP KLM) and (NP British Airways)) (VP own (NP interests) (PP-LOC in (NP (NP companies) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP fly (NP airplanes)))))))))))))))))))))))))) .)) (TOP (S (ADJP Worse) , (NP-SBJ-1 Congress) (VP has (VP started (S (NP-SBJ *-1) (VP to (VP jump (PP-LOC-CLR on (NP the Skinner bandwagon))))))) .)) (TOP (S (NP-SBJ (NP James Oberstar) , (NP (NP the Minnesota Democrat) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP chairs (NP the (NP Public Works and Transportation Committee 's) aviation subcommittee))))) ,) (VP has (VP put (NP an anti-airline takeover bill) (PP-PUT on (NP supersonic speed)) (SBAR-PRP so that (S (NP-SBJ-1 it) (VP would (VP be (VP passed (NP *-1) (PP-TMP in (NP time)) (S-PRP (NP-SBJ *) (VP to (VP affect (NP the American and United Air Lines bids))))))))))) .)) (TOP (S (NP-SBJ It) (VP would (VP give (NP Mr. Skinner) (NP (NP (QP up to 50) days)) (S-CLR (NP-SBJ *) (VP to `` (VP review '' (NP (NP any bid) (PP for (NP (NP 15 % (QP or more)) (PP of (NP (NP the voting stock) (PP of (NP (NP any U.S. carrier) (PP with (NP (NP revenues) (PP of (NP (NP (QP $ 1 billion) *U*) (QP or (ADJP more)))))))))))))))))) .)) (TOP (S (ADVP So) (S (NP-SBJ the UAL deal) (VP has (NP problems))) , and (S (NP-SBJ the market) (VP loses (NP 190 points))) .)) (TOP (FRAG (INTJ Congratulations) , (NP (NP Mr. Secretary) and (NP Mr. Congressman)) .)) (TOP (S (PP-LOC In (NP the 1987 crash)) (PRN , (S (NP-SBJ *) (VP remember)) ,) (NP-SBJ-1 the market) (VP was (VP shaken (NP *-1) (PP by (NP-LGS a Danny Rostenkowski proposal (S (NP-SBJ *) (VP to (VP tax (NP takeovers) (PP-CLR out (PP of (NP existance)))))))))) .)) (TOP (SINV (ADJP-PRD-TPC-1 (ADVP Even more) important) , (PP-LOC in (NP our view)) , (VP was (ADJP-PRD *T*-1)) (NP-SBJ (NP the Treasury 's) threat (S (NP-SBJ *) (VP to (VP thrash (NP the dollar))))) .)) (TOP (S (S (NP-SBJ The Treasury) (VP is (VP doing (NP the same thing) (NP-TMP today)))) ; (S (ADVP thankfully) , (NP-SBJ the dollar) (VP is not (PP-LOC-PRD under (NP 1987-style pressure)))) .)) (TOP (S (ADVP Also) , (NP-SBJ traders) (VP are (PP-PRD in (NP (NP (NP better shape (S *ICH*-1)) (PP *ICH*-2)) )) (NP-TMP today) (PP-2 than (PP in (NP 1987))) (S-1 (NP-SBJ *) (VP to (VP survive (NP selling binges))))) .)) (TOP (S (NP-SBJ-1 They) (VP are (ADVP better) (VP capitalized (NP *-1))) .)) (TOP (S (NP-SBJ-1 They) (VP are (PP-PRD in (NP (NP less danger) (PP of (S-NOM (NP-SBJ *-1) (VP losing (NP liquidity) (PP-PRP (ADVP simply) because of (NP (NP tape lags) and (NP clearing and settlement delays))))))))) .)) (TOP (S (NP-SBJ The Fed) (VP promises (NP any needed liquidity)) .)) (TOP (S (S (NP-SBJ (NP (NP The Big Board 's) liaison) (PP with (NP (NP the Chicago Board) (PP of (NP Trade))))) (VP has (VP improved))) ; (S (NP-SBJ (NP it) (S *EXP*-1)) (VP will (VP be (ADJP-PRD interesting) (S-1 (NP-SBJ *) (VP to (VP learn (SBAR-CLR if (S (NP-SBJ-2 `` circuit breakers '') (VP prove (S (NP-SBJ *-2) (VP to (VP be (NP-PRD a good idea))))))))))))) .)) (TOP (S (PP In (NP any event)) , (NP-SBJ some traders) (VP see (NP stocks) (PP-CLR as (ADJP (ADJP underpriced (NP today)))) , (PP unlike (NP 1987))) .)) (TOP (S (NP-SBJ There) (VP is (NP-PRD (NP nothing) (ADJP wrong (PP with (NP the market))) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP ca n't (VP be (VP cured (NP *-1) (PP by (NP-LGS (NP (QP a little) (NX (NX coherence) and (NX common sense))) (PP-LOC in (NP Washington))))))))))) .)) (TOP (S But (PP-LOC on (NP the bearish side)) , (NP-SBJ that) (VP may (VP be (ADJP-PRD too much (SBAR (WHNP-1 0) (S (NP-SBJ *) (VP to (VP expect (NP *T*-1)))))))) .)) (TOP (S (NP-SBJ-1 First Chicago Corp.) (VP posted (NP (NP a third-quarter loss) (PP of (NP (QP $ 23.3 million) *U*))) (PP-TMP after (S-NOM (NP-SBJ-2 *-1) (VP joining (NP other big banks) (PP in (S-NOM (NP-SBJ *-2) (ADVP further) (VP adding (PP-CLR to (NP (NP its reserves) (PP for (NP (NP losses) (PP-LOC on (NP foreign loans))))))))))))) .)) (TOP (S (NP-SBJ (NP (NP The parent company) (PP of (NP (NP First National Bank) (PP-LOC of (NP Chicago))))) , (PP with (NP (NP (QP $ 48 billion) *U*) (PP in (NP assets)))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP set (ADVP-CLR aside) (NP (QP $ 200 million) *U*) (S-PRP (NP-SBJ *) (VP to (VP absorb (NP (NP losses) (PP-LOC on (NP loans and investments)) (PP-LOC in (NP (ADJP financially troubled) countries)))))))))) .)) (TOP (S (NP-SBJ (NP The addition) , (PP on (NP (NP top) (PP of (NP (NP two big 1987 additions) (PP to (NP foreign-loan reserves)))))) ,) (VP brings (NP the reserve) (PP-DIR to (NP (NP a level) (VP equaling (NP (NP 79 %) (PP of (NP (NP medium-term and long-term loans) (ADJP outstanding (PP to (NP troubled nations)))))))))) .)) (TOP (S (NP-SBJ First Chicago) (PP-TMP since (NP 1987)) (VP has (VP reduced (NP (NP its loans) (PP to (NP such nations))) (PP-DIR to (NP (QP $ 1.7 billion) *U*)) (PP-DIR from (NP (QP $ 3 billion) *U*)))) .)) (TOP (S (PP Despite (NP this loss)) , (NP-SBJ First Chicago) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP does n't (VP need (S (NP-SBJ *-1) (VP to (VP sell (NP stock)))) (S-PRP (NP-SBJ *-1) (VP to (VP raise (NP capital))))))))) .)) (TOP (S (PP-TMP During (NP the quarter)) , (NP-SBJ the company) (VP realized (NP (NP a pretax gain) (PP of (NP (QP $ 60.4 million) *U*)) (PP from (NP (NP the sale) (PP of (NP its First Chicago Investment Advisors unit)))))) .)) (TOP (S (NP-SBJ Combined foreign exchange and bond trading profits) (VP dipped (NP-EXT (NP 24 %) (PP against (NP (NP last year 's) third quarter))) , (PP-DIR to (NP (QP $ 38.2 million) *U*)) (PP-DIR from (NP (QP $ 50.5 million) *U*))) .)) (TOP (S (NP-SBJ (NP Gains) (PP from (NP (NP (NP First Chicago 's) venture capital unit) , (NP a big leveraged buy-out investor) ,))) (VP rose (NP-EXT 32 %) (PP-DIR to (NP (QP $ 34 million) *U*)) (PP-DIR from (NP (QP $ 25.7 million) *U*) (ADVP-TMP (NP a year) ago))) .)) (TOP (S (NP-SBJ (NP Interest income) and (NP most fee income)) (VP was (ADJP-PRD strong)) .)) (TOP (S (NP-SBJ-1 (NP (NP Greece 's) second bout) (PP of (NP general elections)) (NP this year)) (VP is (VP slated (NP *-1) (PP-TMP-CLR for (NP Nov. 5)))) .)) (TOP (S (S (PP For (NP (NP those) (VP hoping (S (NP-SBJ *) (VP to (VP see (S (NP-SBJ (NP a modicum) (PP of (NP political normalcy))) (VP restored))))) (PRN -- (PP in (NP (NP view) (PP of (NP (NP (NP (NP Greece 's) eight-year misadventure) (PP-LOC under (NP autocratic pseudosocialism))) and (NP (NP subsequent three-month hitch) (PP with (NP a conservative-communist coalition government))))))) --)))) (NP-SBJ there) (VP is (NP-PRD but one bright sign))) : (S (NP-SBJ (NP The scandals) (ADVP-TMP still) (VP encircling (NP (NP former Prime Minister Andreas Papandreou) and (NP his fallen socialist government)))) (VP are (PP-PRD like (NP (NP flies) (VP buzzing (PP-LOC-CLR around (NP a rotting carcass))))))) .)) (TOP (S (PP-LOC In (NP (NP the mid-June round) (PP of (NP voting)))) , (NP-SBJ Greeks) (VP gave (NP no clear mandate) (PP-DTV to (NP any single political party))) .)) (TOP (S (NP-SBJ (NP The ad interim coalition government) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP emerged (PP-CLR from (NP post-electoral hagglings)))))) (VP was , (PP in (NP essence)) , (NP-PRD (NP little more) (PP than (NP (NP the ill-conceived offspring) (PP of (NP ideological miscegenation))))) : (FRAG (PP-LOC On (NP one side)) , (NP (NP the center-right New Democracy Party) , (VP headed (NP *) (PP by (NP-LGS Constantine Mitsotakis)))))) .)) (TOP (FRAG (PP-LOC On (NP the other)) , (FRAG (NP (NP (NP the so-called Coalition) (PP of (NP (NP the Left) and (NP Progress)))) -- (NP (NP a (ADJP (ADJP quaint) and (ADJP rather deceptive)) title) (PP for (NP (NP a merger) (PP of (NP (NP (NP the pro-Soviet Communist Party) (PP of (NP Greece))) and (NP (NP its Euro-Communist cousin) , (NP the Hellenic Left))))))))) .)) (TOP (S (NP-SBJ (NP The unifying bond) (PP for (NP this left-right mismatch))) (VP was (ADJP-PRD plain) : (FRAG (NP (NP PASOK) (PRN -LRB- (NP (NP Mr. Papandreou 's) party) -RRB-) (PP as (NP common political enemy))))) .)) (TOP (S (S (NP-SBJ The ostensible goal) (VP was (NP-PRD (NP a mop-up) (PP of (NP (NP government corruption) , (PP-LOC (ADVP purportedly) at (NP all levels))))))) , but (S (NP-SBJ the main marks) (VP were (NP-PRD (NP Mr. Papandreou) and (NP his closest associates)))) .)) (TOP (S (PP In (NP (NP point) (PP of (NP fact)))) , (NP-SBJ this catharsis) (VP was (ADJP-PRD overdue (PP-TMP by (NP decades)))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ *) (VP reduced (PP-CLR to (NP buzzword status)) (PP-LOC in (NP ex parte pledges)) (ADVP-TMP *T*-1)))) , (ADVP however) , (NP-SBJ the notion) (VP transmogrified (PP-CLR into (NP a promised assault)) , (SBAR with (S (NP-SBJ targets) (PP-PRD (ADVP primarily) for (NP (NP political gains) , not (NP justice)))))) .)) (TOP (S (PP With (NP (NP regard) (PP to (NP (NP Greece 's) long-bubbling bank-looting scandal)))) , (NP-SBJ (NP Mr. Papandreou 's) principal accuser) (VP remains (NP-PRD (NP George Koskotas) , (NP (NP (NP former owner) (PP of (NP (NP the Bank) (PP of (NP Crete))))) and (NP self-confessed embezzler)) , (VP (ADVP-TMP now) residing (PP-LOC-CLR in (NP (NP (NP a jail cell) (PP-LOC in (NP (NP Salem) , (NP Mass.) ,))) (SBAR (WHPP-2 from (WHADVP where)) (S (NP-SBJ he) (VP is (VP fighting (NP (NP extradition proceedings) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP return (NP him) (PP-CLR to (NP Greece))))))) (PP-LOC *T*-2)))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Koskotas 's) credibility) (VP is , (PP at best) , (ADJP-PRD problematic)) .)) (TOP (S (S (NP-SBJ He) (VP has (NP ample motive (S (NP-SBJ *) (VP to (VP shift (NP the blame))))))) , and (S (NP-SBJ-1 his testimony) (VP has (ADVP also) (VP been (VP found (S (NP-SBJ *-1) (ADJP-PRD (ADJP less) (PP than (ADJP forthright)))) (PP-LOC on (NP numerous points)))))) .)) (TOP (S (ADVP Nevertheless) , (NP-SBJ the New Democracy and Communist parties) (VP herald (NP his assertions) (PP-CLR as (NP (NP proof) (PP of (NP PASOK complicity))))) .)) (TOP (SINV (PP-LOC-PRD-TPC-3 Among (NP unanswered questions)) (VP are (PP-LOC-PRD *T*-3)) (SBAR-SBJ (SBAR whether (S (NP-SBJ Mr. Papandreou) (VP received (NP (NP (NP (QP $ 23 million) *U*) (PP of (NP stolen (NAC Bank (PP of (NP Crete))) funds))) and (NP (NP an additional $ 734,000 *U*) (PP in (NP bribes)))) , (SBAR-ADV as (S (NP-SBJ-4 *) (VP contended (NP *-4) )))))) ; (SBAR whether (S (NP-SBJ the prime minister) (VP ordered (NP-5 state agencies) (S (NP-SBJ *-5) (VP to (VP (VP deposit (NP some (QP $ 57 million) *U*) (PP-LOC-CLR in (NP (NP Mr. Koskotas 's) bank))) and (VP (ADVP-TMP then) skim (PRT off) (NP the interest)))))))) ; and , (SBAR (WHNP-1 what) (S (NP-SBJ (NP PASOK 's) cut) (VP was (NP-PRD *T*-1) (PP from (NP (NP the (QP $ 210 million) *U*) (SBAR (WHNP-2 0) (S (NP-SBJ Mr. Koskotas) (VP pinched (NP *T*-2)))))))))) .)) (TOP (S (NP-SBJ Two former ministers) (VP were (ADJP-PRD (ADJP (ADVP so heavily) implicated)) (PP-LOC in (NP the Koskotas affair)) (SBAR-2 that (S (NP-SBJ-1 (NP PASOK members) (PP of (NP Parliament))) (VP voted (S (NP-SBJ *-1) (VP to (VP refer (NP them) (PP-CLR to (NP the special court))))))))) .)) (TOP (SINV But (VP-TPC-2 eluding (NP parliamentary probe)) (VP was (VP *T*-2)) (NP-SBJ (NP the case) (PP of (NP (NP (NP millions) (PP of (NP drachmas))) (SBAR (WHNP-1 0) (S (NP-SBJ Mr. Koskotas) (VP funneled (NP *T*-1) (PP-DIR into (NP New Democracy coffers)))))))) .)) (TOP (S (PP-TMP In (NP the end)) , (NP-SBJ the investigation) (VP produced (NP (ADVP only) (NP (NP (NP circumstantial evidence) and (NP `` (NP indications) '' (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP point (PP-CLR to (NP PASOK))))))) ,) not (NP clinching proof))) .)) (TOP (S (PP-LOC On (NP another issue)) , (NP-SBJ-1 Greeks) (VP were (VP told (NP *-1) (SBAR (WHADVP how) (S (NP-SBJ (NP their national intelligence agency) , (NP the EYP) ,) (ADVP regularly) (VP monitored (NP (NP the telephone conversations) (PP of (NP (NP prominent figures) , (PP including (NP (NP key opposition politicians) , (NP journalists) and (NP PASOK cabinet members))))))))))) .)) (TOP (S (PP Despite (NP convincing arguments)) , (NP-SBJ-1 it) (VP was (ADVP-TMP never) (VP established (NP *-1) (SBAR that (S (NP-SBJ Mr. Papandreou) (VP (ADVP-MNR personally) ordered or directed (NP the wiretaps)))))) .)) (TOP (S (NP-SBJ (NP The central weakness) (PP of (NP the `` scandals '' debates))) (VP was (VP pointed (PRT up) (ADVP-MNR especially well) (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ discussions) (VP focused (PP-LOC-CLR on (NP arms deals and kickbacks)) (ADVP-TMP *T*-1)))))) .)) (TOP (S (NP-SBJ-1 The coalition government) (VP tried (S (NP-SBJ *-1) (VP to (VP show (SBAR that (S (NP-SBJ PASOK ministers) (VP had (VP received (NP hefty sums) (PP-PRP for (S-NOM (NP-SBJ *) (VP OKing (NP (NP the purchase) (PP of (NP (NP (NP F-16 Fighting Falcon) and (NP Mirage 2000 combat aircraft)) , (VP produced (NP *) (PP by (NP-LGS (NP the U.S.based General Dynamics Corp.) and (NP (NP France 's) Avions Marcel Dassault))) , (ADVP respectively)))))))))))))))) .)) (TOP (S (ADVP Naturally) , (NP-SBJ-1 neither (NP (NP General Dynamics) nor (NP Dassault))) (VP could (VP be (VP expected (S (NP-SBJ-2 *-1) (VP to (VP hamper (NP its prospective future dealings) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP making (NP (NP disclosures) (PP of (NP (NP sums) (VP paid (NP *) (PRN -LRB- or not -RRB-) (PP-DTV to (NP various Greek officials)) (PP-CLR for (NP (NP services) (VP rendered (NP *))))))))))))))))) .)) (TOP (S (S (ADVP So) (NP-SBJ it) (VP seems (SBAR that (S (NP-SBJ (NP Mr. Mitsotakis) and (NP his communist chums)) (VP may (VP have (VP (ADVP unwittingly) served (NP Mr. Papandreou) (NP (NP a moral victory) (PP on (NP a platter)))))))))) : (S (NP-SBJ (NP PASOK) , (SBAR whether (FRAG (ADJP guilty) or not)) ,) (VP can (ADVP-TMP now) (VP traipse (NP the countryside) (S-ADV (NP-SBJ *) (VP condemning (NP the whole affair) (PP-CLR as (NP a witch hunt)) (PP at (NP (NP Mr. Papandreou 's) expense))))))) .)) (TOP (S But (SBAR-ADV while (S (NP-SBJ (NP verbal high jinks) (ADJP alone)) (VP wo n't (VP help (S (NP-SBJ PASOK) (VP regain (NP power))))))) , (NP-SBJ-1 Mr. Papandreou) (VP should (ADVP-TMP never) (VP be (VP underestimated (NP *-1)))) .)) (TOP (S (SINV (ADVP-TMP-CLR-TPC-1 First) (VP came (ADVP-TMP-CLR *T*-1)) (NP-SBJ his predictable fusillade)) : (S (NP-SBJ He) (VP charged (SBAR 0 (S (NP-SBJ (NP the Coalition) (PP of (NP (NP the Left) and (NP Progress)))) (VP had (VP sold (PRT out) (NP its leftist tenets) (PP-MNR by (S-NOM (NP-SBJ *) (VP collaborating (PP-LOC in (NP (NP a right-wing plot) (VP aimed (NP *) (PP-DIR at (S-NOM (NP-SBJ *) (VP (VP ousting (NP PASOK)) and (VP thwarting (NP (NP the course) (PP of (NP socialism)) (PP-LOC in (NP Greece))))))))))))))))))) .)) (TOP (S (ADVP-TMP Then) , (S-PRP (NP-SBJ *-1) (VP to (VP buttress (NP (NP his credibility) (PP with (NP the left)))))) , (NP-SBJ-1 he) (VP enticed (S (NP-SBJ some smaller leftist parties) (VP to (VP stand (PP-CLR for (NP election)) (PP-LOC under (NP the PASOK banner)))))) .)) (TOP (S (ADVP-TMP Next) , (NP-SBJ-2 he) (VP continued (S (NP-SBJ *-2) (VP to (VP court (NP (NP the communists) (PRN -- (SBAR (WHNP-1 many (WHPP of (WHNP whom))) (S (NP-SBJ *T*-1) (VP feel (ADJP-PRD betrayed (PP by (NP (NP the left-right coalition 's) birth)))))) --)) (PP-MNR by (S-NOM (NP-SBJ *) (VP bringing (PP-CLR into (NP PASOK)) (NP a well-respected Communist Party candidate)))))))) .)) (TOP (S (PP-PRP For (NP balance)) , and (PP in (NP (NP hopes) (PP of (S-NOM (NP-SBJ *-1) (VP gaining (NP some disaffected centrist votes)))))) , (NP-SBJ-1 he) (VP managed (S (NP-SBJ *-1) (VP to (VP attract (NP a (NX (NX former New Democracy Party representative) and (NX (NX known political enemy) (PP of (NP Mr. Mitsotakis))))))))) .)) (TOP (S (ADVP Thus) (NP-SBJ PASOK) (VP heads (PP-DIR for (NP the polls)) (PP-MNR not (ADVP only) (PP with (NP diminished scandal-stench)) , but (ADVP also) (PP with `` (NP (NP seals) (PP of (NP approval)) '' (PP from (NP (NP representatives) (PP of (NP its harshest accusers)))))))) .)) (TOP (S (ADJP (ADJP Crucial) (SBAR as (S (NP-SBJ these elections) (VP are (PP-PRD for (NP Greece)))))) , (NP-SBJ (NP pressing issues) (PP of (NP state))) (VP are (VP getting (ADJP-PRD lost (PP in (NP the shuffle))))) .)) (TOP (S (NP-SBJ (NP The country 's) future NATO participation) (VP remains (ADJP-PRD unsure) , (PP for (NP instance))) .)) (TOP (S (NP-SBJ Greece) (ADVP also) (VP must (VP revamp (NP (NP major pieces) (PP of (NP legislation))) (PP in (NP (NP preparation) (PP for (NP (NP the 1992 targets) (PP of (NP heightened Common Market cooperation)))))))) .)) (TOP (S (NP-SBJ (NP (NP Greece 's) bilateral relations) (PP with (NP the U.S.))) (VP need (NP attention) (ADVP-TMP soon) (ADVP as well)) .)) (TOP (S (PP For (NP one)) , (NP-SBJ (NP the current accord) (VP concerning (NP-LOC (NP U.S. military bases) (PP in (NP Greece))))) (VP lapses (PP-TMP in (NP May 1990))) .)) (TOP (S (S (NP-SBJ-1 (NP Negotiations) (PP for (NP a new agreement))) (VP were (VP frozen (NP *-1) (PP-TMP before (NP the June elections))))) , but (S (NP-SBJ the clock) (VP is (VP running))) .)) (TOP (S (NP-SBJ (NP Another matter) (PP of (NP concern))) (VP is (NP-PRD (NP the extradition) (PP of (NP (NP Mohammed Rashid) , (NP (NP a Palestinian terrorist) (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP is (VP wanted (NP *-1) (PP-LOC in (NP the U.S.)) (PP-CLR for (NP (NP the 1982 bombing) (PP of (NP a Pan American Airways flight))))))))))))) .)) (TOP (S (S (NP-SBJ The Greek courts) (VP have (VP decided (PP in (NP (NP favor) (PP of (NP extradition)))) (PP-LOC in (NP the Rashid case))))) , but (S (NP-SBJ the matter) (VP awaits (NP (NP final approval) (PP from (NP (NP Greece 's) next justice minister))))) .)) (TOP (S (NP-SBJ The Greeks) (VP seem (ADJP-PRD barely aware (PP of (NP (NP the importance) (PP of (NP the case)) (PP as (NP (NP a litmus test) (PP of (SBAR whether (S (NP-SBJ-1 Greece) (VP will (VP be (VP counted (NP *-1) (ADVP-CLR in or out) (PP for (NP international efforts (S (NP-SBJ *) (VP to (VP combat (NP terrorism)))))))))))))))))) .)) (TOP (S (S (SBAR-SBJ That (S (NP-SBJ PASOK) (VP could (VP win (NP the elections) (ADVP-MNR outright))))) (VP is (ADJP-PRD improbable))) ; (S (NP-SBJ (NP the Greek press) , (ADJP previously eager (S (NP-SBJ *) (VP to (VP palm (PRT off) (NP (NP PASOK 's) line))))) ,) (VP has (VP turned (PP-LOC-CLR on (NP Mr. Papandreou)) (PP-MNR with (NP a wild-eyed vengeance))))) .)) (TOP (S (ADVP Yet) (NP-SBJ (NP the possibility) (PP of (NP another lash-up government))) (VP is (ADJP-PRD all too real)) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ Mr. Papandreou) (VP becomes (NP-PRD the major opposition leader)))) , (NP-SBJ he) (VP could (VP hamstring (NP a conservative-led coalition))) .)) (TOP (S (ADVP Also) , (NP-SBJ he) (VP could (VP force (NP new elections) (NP-TMP early next year))) (PP-MNR by (S-NOM (NP-SBJ *) (VP frustrating (NP (NP the procedures) (PP for (NP (NP the election) (PP of (NP (NP the president) (PP of (NP the republic)))) (PP-TMP in (NP March)))))))) .)) (TOP (S (NP-SBJ New Democracy) (VP has (ADVP-TMP once again) (VP (VP (ADVP-MNR glaringly) underestimated (NP the opponent)) and (VP linked (NP its own prospects) (PP-CLR to (NP (NP negative reaction) (PP against (NP PASOK))))) , (S-ADV (NP-SBJ-1 *) (VP forgetting (S (NP-SBJ *-1) (VP to (VP tend (PP-CLR to (NP either (NP (NP program clarity) or (NP (NP the rectification) (PP of (NP internal squabbles))))))))))))) .)) (TOP (FRAG (PP As (PP for (NP Mr. Papandreou)) ?))) (TOP (S (NP-SBJ He) (VP 's not (ADVP exactly) (VP sitting (ADVP-CLR pretty) (PP-TMP at (NP this stage)))) .)) (TOP (S But (SBAR since (S (NP-SBJ he) (VP is (ADVP undoubtedly) (NP-PRD (NP one) (PP of (NP (NP the (ADJP most proficient) bull slingers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP ever) (VP raked (NP muck)))))))))) , (NP-SBJ (NP it) (S *EXP*-2)) (VP seems (ADJP-PRD far wiser) (S-2 (NP-SBJ *) (VP to (VP view (NP him) (PP-CLR as (ADJP (ADJP sidelined) , but (ADVP certainly) not (ADVP-TMP yet) (ADJP eliminated))))))) .)) (TOP (S (NP-SBJ (NP Mr. Carpenter) , (NP (NP a regional correspondent) (PP for (NP National Review))) ,) (VP has (VP lived (PP-LOC-CLR in (NP Athens)) (PP-TMP since (NP 1981)))) .)) (TOP (S (NP-SBJ-1 U.S. OFFICIALS) (VP MOVED (S (NP-SBJ *-1) (VP to (VP head (PRT off) (NP (NP any repeat) (PP of (NP Black Monday)))))) (NP-TMP today) (PP following (NP (NP (NP Friday 's) plunge) (PP-LOC in (NP stock prices))))) .)) (TOP (S (NP-SBJ Fed Chairman Greenspan) (VP signaled (SBAR that (S (NP-SBJ the central bank) (VP was (ADJP-PRD prepared (S (NP-SBJ *) (VP to (VP inject (NP (NP massive amounts) (PP of (NP money))) (PP-DIR into (NP the banking system)) (S-PRP (NP-SBJ *) (VP to (VP prevent (NP a financial crisis)))))))))))) .)) (TOP (S (NP-SBJ Other (UCP U.S. and foreign) officials) (ADVP also) (VP mapped (PRT out) (NP plans) , (SBAR-ADV though (S (NP-SBJ-2 they) (VP kept (S (NP-SBJ their moves) (ADJP-PRD quiet)) (S-PRP (NP-SBJ-1 *-2) (VP to (VP avoid (S (NP-SBJ *-1) (VP making (S (NP-SBJ the financial markets) (ADJP-PRD more jittery))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Friday 's) sell-off) (VP was (VP triggered (NP *-1) (PP by (NP-LGS (NP (NP the collapse) (PP of (NP (NP UAL 's) buy-out plan))) and (NP (NP a big rise) (PP-LOC in (NP producer prices))))))) .)) (TOP (S (NP-SBJ The Dow Jones industrials) (VP skidded (NP-EXT 190.58) , (PP-DIR to (NP 2569.26))) .)) (TOP (S (NP-SBJ The junk bond market) (VP came (PP-CLR to (NP a standstill)) , (SBAR-TMP while (S (S (NP-SBJ Treasury bonds) (VP soared)) and (S (NP-SBJ the dollar) (VP fell))))) .)) (TOP (S (NP-SBJ Japanese stocks) (VP (VP dropped (NP-TMP early Monday) ,) but (VP (PP-TMP by (NP late morning)) were (VP turning (ADVP-DIR around)))) .)) (TOP (S (NP-SBJ The dollar) (VP was (VP trading (ADVP-MNR (ADVP sharply) lower) (PP-LOC in (NP Tokyo)))) .)) (TOP (S (NP-SBJ (NP Prospects) (PP for (NP a new UAL buy-out proposal))) (VP appear (ADJP-PRD bleak)) .)) (TOP (S (S (NP-SBJ-1 Many banks) (VP refused (S (NP-SBJ *-1) (VP to (VP back (NP the (ADJP (QP $ 6.79 billion) *U*) transaction)))))) , but (S (NP-SBJ bankers) (VP said (SBAR 0 (S (NP-SBJ it) (VP was not (PP-PRD from (NP any unwillingness (S (NP-SBJ *) (VP to (VP finance (NP takeovers))))))))))) .)) (TOP (S (S-TPC-2 (NP-SBJ-1 The decision) (VP was (VP based (NP *-1) (ADVP solely) (PP-LOC-CLR on (NP (NP problems) (PP with (NP the UAL management-pilot plan)))))) ,) (NP-SBJ they) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (S (NP-SBJ (NP The surge) (PP-LOC in (NP producer prices)) (PP-TMP in (NP September))) (VP followed (NP (NP three months) (PP of (NP declines))))) , but (S (NP-SBJ analysts) (VP were (ADJP-PRD divided) (PP-CLR on (SBAR whether (S (NP-SBJ the 0.9 % jump) (VP signaled (NP (NP a severe worsening) (PP of (NP inflation))))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ retail sales) (VP grew (NP-EXT 0.5 %) (NP-TMP last month)) .)) (TOP (S (S (NP-SBJ-1 A capital-gains tax cut) (VP was (VP removed (NP *-1) (PP-CLR from (NP (NP the Senate 's) deficit reduction bill))))) , but (S (NP-SBJ-2 proponents) (ADVP-TMP still) (VP hope (S (NP-SBJ *-2) (VP to (VP enact (NP the cut) (NP-TMP this year)))))) .)) (TOP (S (NP-SBJ Bush) (VP wo n't (VP press (PP-CLR for (NP (NP a capital-gains provision) (PP-LOC in (NP the final deficit bill)))) (SBAR-TMP (WHADVP when) (S (NP-SBJ House-Senate conferees) (VP meet (NP-TMP (ADVP later) this week)))))) .)) (TOP (S (NP-SBJ General Motors) (VP signaled (SBAR that (S (NP-SBJ (QP up to five) North American assembly plants) (VP may (VP close (PP-TMP by (NP the mid-1990s)) (SBAR-TMP as (S (NP-SBJ-1 it) (VP tries (S (NP-SBJ *-1) (VP to (VP cut (NP excess capacity)))))))))))) .)) (TOP (S (NP-SBJ U.S. car and truck sales) (VP fell (NP-EXT 12.6 %) (PP-TMP in (NP (NP early October) , (NP (NP the first sales period) (PP of (NP the 1990-model year))))) , (S-ADV (NP-SBJ *) (VP dragged (ADVP-DIR down) (PP by (NP-LGS (NP a sharp decline) (PP-LOC in (NP GM sales))))))) .)) (TOP (S (NP-SBJ Warner and Sony) (VP are (ADJP-PRD entangled (PP in (NP (NP a legal battle) (PP over (NP movie producers Peter Gruber and Jon Peters)))))) .)) (TOP (S (NP-SBJ The fight) (VP could (VP set (PRT back) (NP (NP Sony 's) plans (S (NP-SBJ *) (VP to (VP enter (NP the U.S. movie business))))))) .)) (TOP (S (NP-SBJ (NP Hooker 's) U.S. unit) (VP received (NP a (NP (NP (ADJP (QP $ 409 million) *U*) bid) (PP for (NP (NP most) (PP of (NP its real-estate and shopping-center assets)))))) (PP-CLR from (NP an investor group))) .)) (TOP (S (NP-SBJ The offer) (VP does n't (VP include (NP (NP Bonwit Teller) or (NP B. Altman)))) .)) (TOP (S (NP-SBJ-1 The Boeing strike) (VP is (VP starting (S (NP-SBJ *-1) (VP to (VP affect (NP airlines)))))) .)) (TOP (S (NP-SBJ America West) (VP said (NP-TMP Friday) (SBAR 0 (S (NP-SBJ it) (VP will (VP postpone (NP (NP its new service) (PP out (PP of (NP Houston)))) (PP-PRP because of (NP (NP delays) (PP-LOC in (S-NOM (NP-SBJ *) (VP receiving (NP aircraft) (PP-CLR from (NP Boeing)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Saatchi & Saatchi) (VP would (VP launch (NP a management buy-out) (SBAR-ADV if (S (NP-SBJ a hostile suitor) (VP emerged)))))) , (NP-SBJ an official) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ (NP British Aerospace) and (NP (NP France 's) Thomson-CSF)) (VP are (VP nearing (NP a pact (S (NP-SBJ *) (VP to (VP merge (NP guided-missile divisions))))))) .)) (TOP (S (NP-SBJ New U.S. steel-import quotas) (VP will (VP give (NP a bigger share) (PP-DTV to (NP (NP developing nations) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (NP (ADJP relatively unsubsidized) steel industries)))))))) .)) (TOP (S (NP-SBJ-1 (NP Japan 's) steel quota) (VP will (VP be (VP cut (NP *-1) (ADVP significantly)))) .)) (TOP (S (S (NP-SBJ Four ailing S&Ls) (VP were (VP sold (PRT off) (PP by (NP-LGS government regulators))))) , but (S (NP-SBJ low bids) (VP prevented (NP (NP the sale) (PP of (NP a fifth))))) .)) (TOP (NP-HLN Markets --)) (TOP (NP (NP Stocks) : (NP (NP Volume) (NP 251,170,000 shares)) .)) (TOP (FRAG (NP (NP Dow Jones industrials) (NP 2569.26) , (ADVP off (NP 190.58))) ; (NP (NP transportation) (NP 1406.29) , (ADVP off (NP 78.06))) ; (NP (NP utilities) (NP 211.96) , (ADVP off (NP 7.29))) .)) (TOP (NP (NP Bonds) : (NP (NP Shearson Lehman Hutton Treasury index) (NP 3421.29) , (ADVP up)))) (TOP (NP (NP Commodities) : (NP (NP Dow Jones futures index) (NP 129.87) , (ADVP up (NP 0.01))) ; (NP (NP spot index) (NP 129.25) , (ADVP up (NP 0.28))) .)) (TOP (NP (NP Dollar) : (NP (NP 142.10 yen) , (ADVP off (NP 2.07))) ; (NP (NP 1.8740 marks) , (ADVP off (NP 0.0343))) .)) (TOP (S (NP-SBJ (NP A federal appeals court) (PP-LOC in (NP San Francisco))) (VP ruled (SBAR that (S (NP-SBJ shareholders) (VP ca n't (VP hold (S (NP-SBJ corporate officials) (ADJP-PRD liable (PP for (NP (NP false sales projections) (PP-LOC on (NP new products)))))) (SBAR-ADV if (S (NP-SBJ the news media) (ADVP-TMP concurrently) (VP revealed (NP (NP substantial information) (PP about (NP (NP the product 's) flaws))))))))))) .)) (TOP (S (NP-SBJ The ruling) (VP stems (PP-CLR from (NP (NP a 1984 suit) (VP filed (NP *) (PP by (NP-LGS (NP shareholders) (PP of (NP Apple Computer Inc.))))) , (VP claiming (SBAR that (S (NP-SBJ company officials) (VP misled (NP investors) (PP-CLR about (NP (NP the expected success) (PP of (NP (NP the Lisa computer) , (VP introduced (NP *) (PP-TMP in (NP 1983)))))))))))))) .)) (TOP (S (NP-SBJ (NP Lawyers) (VP specializing (PP-LOC-CLR in (NP shareholder suits)))) (VP said (SBAR 0 (S (NP-SBJ they) (VP are (ADJP-PRD concerned (SBAR that (S (NP-SBJ (NP use) (PP of (NP the `` press defense '')) (PP by (NP corporations))) (VP may (VP become (ADJP-PRD popular) (PP-PRP as (NP (NP a result) (PP of (NP the ruling))))))))))))) .)) (TOP (S (PP According (PP to (NP the suit))) , (NP-SBJ-2 Apple officials) (VP created (NP public excitement) (PP-MNR by (S-NOM (NP-SBJ *-2) (VP touting (NP Lisa) (PP-CLR as (NP (NP an office computer) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP (VP revolutionize (NP the workplace)) and (VP be (ADJP-PRD extremely successful) (PP-TMP in (NP its first year))))))))))))) .)) (TOP (S (NP-SBJ The plaintiffs) (ADVP also) (VP alleged (SBAR that (S (ADVP-TMP prior (PP to (NP the fanfare))) , (NP-SBJ the company) (VP circulated (NP (NP internal memos) (VP indicating (NP (NP problems) (PP with (NP Lisa))))))))) .)) (TOP (S (NP-SBJ The suit) (VP claimed (SBAR 0 (S (NP-SBJ (NP Apple 's) stock) (VP climbed (PP-DIR to (NP (NP a high) (PP of (NP (NP $ 63.50 *U*) (NP-ADV a share))))) (PP on (NP (NP the basis) (PP of (NP (NP the company 's) optimistic forecasts)))))))) .)) (TOP (S But (SBAR-TMP (WHADVP-1 when) (S (NP-SBJ the company) (VP revealed (NP (NP Lisa 's) poor sales) (PP-TMP (ADVP late) in (NP 1983)) (ADVP-TMP *T*-1)))) , (NP-SBJ the stock) (VP plummeted (PP-DIR to (NP (NP a low) (PP of (NP (NP $ 17.37 *U*) (NP-ADV a share))))) , (PP according (PP to (NP the suit)))) .)) (TOP (S (NP-SBJ The shareholders) (VP claimed (NP (NP (QP more than $ 150 million) *U*) (PP-LOC in (NP losses)))) .)) (TOP (S (PP-TMP In (NP 1987)) , (NP-SBJ the San Francisco district court) (VP dismissed (NP the case) (SBAR-PRP (ADVP largely) because (S (NP-SBJ newspaper reports) (VP had (VP (ADVP sufficiently) counterbalanced (NP (NP the company 's) statements) (PP-MNR by (S-NOM (NP-SBJ *) (VP alerting (NP consumers) (PP-CLR to (NP (NP Lisa 's) problems)))))))))) .)) (TOP (S (NP-TMP Late last month) , (NP-SBJ the appeals court) (VP agreed (SBAR that (S (NP-SBJ-1 (NP most) (PP of (NP the case))) (VP should (VP be (VP dismissed (NP *-1))))))) .)) (TOP (S (ADVP However) , (NP-SBJ it) (VP gave (NP the shareholders) (NP the right (S (NP-SBJ *) (VP to (VP pursue (NP (NP a small portion) (PP of (NP their claim)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP pertains (PP-CLR to (NP (NP (NP Lisa 's) disk drive) , (VP known (NP *) (PP-CLR as (NP Twiggy)))))))))))))) .)) (TOP (S (NP-SBJ The court) (VP ruled (SBAR that (S (NP-SBJ the news media) (VP did n't (VP reveal (NP (NP Twiggy 's) problems) (PP-TMP at (NP the time))))))) .)) (TOP (S (NP-SBJ Lawyers) (VP are (VP (VP worried (PP-CLR about (NP (NP (NP the ruling 's) implication) (PP-LOC in (NP other shareholder suits))))) but (VP pointed (PRT out) (SBAR that (S (NP-SBJ the court) (VP stressed (SBAR that (S (NP-SBJ-1 the ruling) (VP should (VP be (VP regarded (NP *-1) (PP-CLR as (ADJP very specific (PP to (NP the Apple case))))))))))))))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ The court) (VP was (ADJP-PRD careful (S (NP-SBJ *) (VP to (VP say (SBAR that (S (NP-SBJ the adverse information) (VP (VP appeared (PP-LOC-CLR in (NP (NP the (ADJP very same) articles) (PP *RNR*-1)))) and (VP received (NP (NP the same attention) (PP *RNR*-1))) (PP-1 as (NP (NP the company 's) statements))))))))))) , '' (VP said (S *T*-4)) (NP-SBJ (NP Patrick Grannon) , (NP (NP a Los Angeles lawyer) (PP-LOC at (NP (NP the firm) (PP of (NP (NP Greenfield & Chimicles) , (SBAR (WHNP-3 which) (S (NP-SBJ-2 *T*-3) (VP was n't (VP involved (NP *-2) (PP-LOC-CLR in (NP the case)))))))))))) .)) (TOP (S `` (NP-SBJ The court) (VP is (VP saying (SBAR that (S (NP-SBJ-2 the adverse facts) (VP have (S (NP-SBJ-1 *-2) (VP to (VP be (VP transferred (NP *-1) (PP-CLR to (NP the market)) (PP-MNR with (NP (NP equal intensity and credibility) (PP as (NP (NP the statements) (PP of (NP corporate insiders))))))))))))))) . '')) (TOP (S (NP-SBJ (NP (NP Shareholders ') attorneys) (PP-LOC at (NP (NP the New York firm) (PP of (NP Milberg , Weiss , Bershad , Specthrie & Lerach))))) (NP-TMP last week) (VP petitioned (PP-CLR for (NP (NP a rehearing) (PP of (NP the case))))) .)) (TOP (S (NP-SBJ They) (VP wrote : `` (S (NP-SBJ The opinion) (VP establishes (NP (NP a new rule) (PP of (NP immunity)) -- (SBAR that (S (SBAR-ADV if (S (NP-SBJ-1 (NP a wide variety) (PP of (NP (NP opinions) (PP on (NP (NP a company 's) business))))) (VP are (VP (ADVP-MNR publicly) reported (NP *-1))))) , (NP-SBJ the company) (VP can (VP say (NP anything) (PP without (NP (NP fear) (PP of (NP securities liability)))))))))))) . '')) (TOP (S-HLN (NP-SBJ-1 NFL) (VP ORDERED (S (NP-SBJ *-1) (VP to (VP pay (NP (NP (QP $ 5.5 million) *U*) (PP in (NP legal fees))) (PP to (NP defunct)))))))) (TOP (S (NP-SBJ-1 The National Football League) (VP is (VP considering (S (NP-SBJ *-1) (VP appealing (NP (NP the ruling) (VP stemming (PP-CLR from (NP (NP (NP the U.S. Football League 's) (ADJP largely unsuccessful) antitrust suit) (PP against (NP the NFL)))))))))) .)) (TOP (S (NP-SBJ A jury) (PP-TMP in (NP 1986)) (VP agreed (PP-CLR with (NP (NP the USFL 's) claims (SBAR that (S (NP-SBJ the NFL) (VP monopolized (NP major league football))))))) .)) (TOP (S But (NP-SBJ the jury) (VP awarded (NP the USFL) (NP (NP (QP only $ 1) *U*) (PP in (NP damages)) , (VP trebled (PP-PRP because of (NP the antitrust claims))))) .)) (TOP (S (NP-TMP Last week) , (NP-SBJ (NP the U.S. Court) (PP of (NP Appeals)) (PP-LOC in (NP New York))) (VP upheld (NP (NP a (ADJP $ 5.5 million) *U* award) (PP of (NP (NP attorneys fees) (PP to (NP the defunct league)))))) .)) (TOP (S (S (NP-SBJ (NP Harvey D. Myerson) , (PP of (NP Myerson & (NP Kuhn))) , (ADVP-TMP then) (PP of (NP Finley , Kumble , Wagner , Heine , Underberg , Manley , Myerson & Casey)) ,) (VP was (NP-PRD the lead trial lawyer))) , and (S (NP-SBJ his new firm) (VP pursued (NP the application appeal))) .)) (TOP (S (NP-SBJ (NP Douglas R. Pappas) (PP of (NP Myerson & Kuhn))) (VP says (SBAR 0 (S (NP-SBJ (NP (QP about $ 5.3 million) *U*) (PP of (NP the award))) (VP goes (ADVP-MNR directly) (PP to (NP the USFL)) (S-PRP (NP-SBJ *) (VP to (VP reimburse (NP it) (PP-CLR for (NP (NP fees) (VP (ADVP-TMP already) paid)))))))))) .)) (TOP (S (NP-SBJ Myerson & Kuhn) (VP will (VP get (NP (QP about $ 260,000) *U*) (PP-CLR for (NP (NP the costs) (PP of (S-NOM (NP-SBJ *) (VP pressing (NP the application)))))))) .)) (TOP (S (NP-SBJ The federal appeals court) (VP held (SBAR that (S (NP-SBJ (NP the nominal damages) and (NP the failure (S (NP-SBJ *) (VP to (VP prove (NP-PRD all claims)))))) (VP did n't (VP exclude (NP the USFL) (PP-CLR from (S-NOM (NP-SBJ-1 *) (VP being (VP reimbursed (NP *-1)))))))))) .)) (TOP (S (NP-SBJ Antitrust laws) (VP provide (SBAR that (S (NP-SBJ-1 injured parties) (VP may (VP be (VP reimbursed (NP *-1) (PP-CLR for (NP (NP lawyers ') fees)))))))) .)) (TOP (S But (NP-SBJ (NP Shepard Goldfein) , (NP (NP an attorney) (PP for (NP the NFL))) ,) (VP says (SBAR 0 (S (NP-SBJ-1 his client) (VP will (VP consider (S (NP-SBJ *-1) (VP (VP asking (PP-CLR for (NP another hearing))) or (VP appealing (PP-CLR to (NP the U.S. Supreme Court)))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Goldfein) , (PP of (NP (NP Skadden , Arps , Slate , Meagher & Flom) (PP-LOC in (NP New York)))) ,) (VP says (SBAR 0 (S (S (NP-SBJ the ruling) (VP is (ADJP-PRD wrong))) and (S (NP-SBJ the fee award) (VP is (ADJP-PRD excessive))) (SBAR-PRP because (S (NP-SBJ the USFL) (VP lost (NP (NP its major claims) , (PP including (NP its contention (SBAR that (S (NP-SBJ the NFL) (VP restrained (NP trade) (PP-MNR through (NP television contracts)))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ The USFL) (VP was not (NP-PRD the prevailing party))) , '' (NP-SBJ Mr. Goldfein) (VP insists (S *T*-1)) .)) (TOP (NP-HLN HOUSTON-CALGARY ALLIANCE :)) (TOP (S (NP-SBJ-1 (NP (NP Fulbright & Jaworski) (PP-LOC of (NP Houston))) and (NP (NP Fenerty , Robertson , Fraser & Hatch) (PP-LOC of (NP (NP Calgary) , (NP Alberta) ,)))) (VP are (VP affiliating (S-PRP (NP-SBJ *-1) (VP to (VP help (VP serve (NP their energy-industry clients))))))) .)) (TOP (S (NP-SBJ-1 The affiliation) (VP is (VP believed (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the first such cross-border arrangement) (PP-LOC among (NP major law firms)))))))) .)) (TOP (S (NP-SBJ-1 The firms) (VP (VP (VP are n't (VP required (S (NP-SBJ *-1) (VP to (VP refer (NP work) (PP-CLR (ADVP exclusively) to (NP each other)))))))) and (VP remain (NP-PRD separate organizations))) .)) (TOP (SINV (S-TPC-1 But (NP-SBJ they) (VP will (VP (VP work (ADVP-MNR together) (PP on (NP (ADJP energy - , environmental - and fair-trade-related) issues))) and (VP conduct (NP (NP seminars) (PP on (NP (NP topics) (PP of (NP mutual interest))))))))) , (VP said (S *T*-1)) (NP-SBJ (NP Gibson Gayle Jr.) (PP of (NP 585-lawyer Fulbright & Jaworski))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ (NP Fulbright & Jaworski 's) (NAC-LOC Washington , D.C. ,) office) (VP will (VP play (NP a key role) (SBAR-ADV as (S (NP-SBJ the firms) (VP work (ADVP-MNR together) (PP on (NP (NP regulatory issues) , (NP particularly natural-gas exports) ,)) (PP for (NP their clients))))))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP The arrangement) , (VP reached (NP *) (PP-TMP after (NP (NP about eight months) (PP of (NP negotiations))))) ,) (VP grew (PP out (PP of (NP (NP 80-lawyer Fenerty Robertson 's) desire (S (NP-SBJ *) (VP to (VP develop (NP (NP ties) (PP with (NP a U.S. firm))) (PP in (NP (NP light) (PP of (NP (NP relaxed trade barriers) (PP between (NP (NP the U.S.) and (NP Canada))))))))))))))) , (VP said (S *T*-1)) (NP-SBJ (NP Francis M. Saville) (PP of (NP Fenerty Robertson))) .)) (TOP (S (PP-LOC IN (SBAR-NOM (WHNP-1 WHAT) (S (NP-SBJ *T*-1) (VP MAY (VP SIGNAL (NP (NP a turnaround) (PP for (NP asbestos manufacturers)))))))) , (NP-SBJ (NP W.R. Grace) & (NP Co.)) (VP won (NP (NP a (ADJP 3 1/2-week) trial) (PP-LOC in (NP Pittsburgh)) (PP over (SBAR whether (S (NP-SBJ-2 it) (VP should (VP be (VP required (S (NP-SBJ *-2) (VP to (VP remove (NP asbestos fireproofing) (PP-CLR from (NP a local high school))))))))))))) .)) (TOP (S (NP-SBJ (NP Mount Lebanon High School) , (PP-LOC near (NP Pittsburgh)) ,) (VP sought (NP (NP (QP $ 21 million) *U*) (PP-LOC in (NP compensatory damages))) (PP-CLR from (NP Grace)) , (S-ADV (NP-SBJ *) (VP arguing (SBAR that (S (NP-SBJ (NP the asbestos) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP can (VP cause (NP (NP respiratory diseases) and (NP lung cancer)))))) ,) (VP posed (NP a risk) (PP-CLR to (NP students)))))))) .)) (TOP (S (NP-SBJ Grace) (VP (ADVP-MNR successfully) contended (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP removing (NP the fire retardant))) (VP would (VP pose (NP (NP a greater health risk) (PP than (S-NOM (NP-SBJ *) (VP leaving (S (NP-SBJ it) (ADJP-PRD alone))))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP the company))) (VP said (SBAR 0 (S (NP-SBJ-2 the verdict) (VP is (VP thought (S (NP-SBJ *-2) (VP to (VP be (NP-PRD (NP the first) (PP in (NP (NP favor) (PP of (NP an asbestos manufacturer)))) (SBAR-LOC (WHADVP-3 where) (S (S (NP-SBJ the plaintiff) (VP was (NP-PRD a school))) and (S (NP-SBJ-1 (NP the asbestos) (PP in (NP question))) (VP was (VP used (NP *-1) (PP-CLR for (NP fireproofing))))) (ADVP-LOC *T*-3)))))))))))) .)) (TOP (S-HLN (NP-SBJ FCC COUNSEL) (VP JOINS (NP FIRM)) :)) (TOP (S (NP-SBJ Diane S. Killory) (VP will (VP join (NP 500-lawyer Morrison & Foerster) (PP as (NP (NP a partner) (PP-LOC in (NP its (NAC-LOC Washington , D.C. ,) office)))) (PP-TMP in (NP mid-November)))) .)) (TOP (S (NP-SBJ She) (VP will (VP help (VP develop (NP (NP the mass-media practice) (PP of (NP (NP the San Francisco-based firm 's) communications group)))))) .)) (TOP (S (NP-SBJ (NP Ms. Killory) , (ADJP (NP 35 years) old) ,) (VP resigned (PP-CLR as (NP Federal Communications Commission general counsel)) (NP-TMP early this month) (PP-TMP after (NP (NP nearly three years) (PP-LOC in (NP that post))))) .)) (TOP (S (NP-SBJ She) (VP was (NP-PRD (NP the first woman) (SBAR (WHNP-2 0) (S (NP-SBJ-1 *T*-2) (VP to (VP be (VP appointed (S (NP-SBJ *-1) (NP-PRD FCC general counsel))))))))) .)) (TOP (S (NP-SBJ (NP RICHARD P. MAGURNO) , (NP formerly (NP Eastern Airlines ') top lawyer) ,) (VP joined (NP (NP the New York law firm) (PP of (NP (NP Lord Day) & (NP Lord) , (NP Barrett Smith)))) (PP-CLR as (NP a partner))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Magurno) , (NP 45) ,) (VP (VP spent (NP-TMP-CLR 17 years) (PP-LOC at (NP (NP the Miami airline unit) (PP of (NP Houston-based Texas Air Corp.))))) and (VP was (VP named (S (NP-SBJ *-1) (NP-PRD general counsel)) (PP-TMP in (NP 1984))))) .)) (TOP (S (NP-SBJ He) (VP left (NP the company) (PP-TMP in (NP 1987))) .)) (TOP (S (NP-SBJ Mr. Magurno) (VP said (SBAR 0 (S (NP-SBJ he) (VP will (VP split (NP his time) (PP between (NP (NP (NP the 200-lawyer firm 's) offices) (PP-LOC in (NP (NP (NP Washington) , (NP D.C.)) , and (NP New York) ,)) (PP with (NP (NP specialties) (PP-LOC in (NP aviation and labor law))))))))))) .)) (TOP (S (NP-SBJ Apple Computer Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP offer (NP (NP cash rebates) (PP-LOC on (NP (NP several) (PP of (NP its machines))))) (PP-TMP (PP from (NP Oct. 14)) (PP to (NP Dec. 31.))) , (PP as (NP (NP part) (PP of (NP a holiday-season sales promotion))))))))) .)) (TOP (S (NP-SBJ Apple) (VP will (VP offer (NP (NP (NP a (ADJP $ 150 *U*) rebate) (PP on (NP (NP its Apple IIGS) (PP with (NP any Apple Monitor and disk drive))))) ; (NP (NP $ 200 *U*) (PP on (NP the basic Macintosh Plus central processing unit))) ; (NP (NP $ 250 *U*) (PP on (NP the Macintosh SE central processing unit))) ; (NP (NP $ 250 *U*) (PP on (NP the Macintosh SE/30 cpu))) , and (NP (NP $ 300 *U*) (PP on (NP (NP a Macintosh IIcx) (PP with (NP any (NX (NX Apple video card) and (NX Apple monitor)))))))))) .)) (TOP (S (NP-SBJ (NP The rebates) , (PP as (NP (NP a percentage) (PP of (NP (NP the retail cost) (PP of (NP (NP the cpu) (PP of (NP each system)))))))) ,) (VP amount (PP-CLR to (NP (QP 6 % to 13 %) *U*))) .)) (TOP (S (NP-SBJ The company) (VP is (ADVP also) (VP offering (NP (NP a free trial) (PP of (NP its computers))) (PP-DTV to (NP (NP consumers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP qualify (PP-CLR for (NP its (NX (NX credit cards) or (NX leases))))))))))) .)) (TOP (S (NP-SBJ (NP (NP Matsushita Electric Industrial Co.) (PP-LOC of (NP Japan))) and (NP (NP Siemens AG) (PP-LOC of (NP West Germany)))) (VP announced (SBAR 0 (S (NP-SBJ they) (VP have (VP completed (NP a (ADJP 100 million-mark) (PRN -LRB- (ADJP (QP $ 52.2 million) *U*) -RRB-) joint venture (S (NP-SBJ *) (VP to (VP produce (NP electronics parts)))))))))) .)) (TOP (S (PP-TMP In (NP (NP the venture 's) first fiscal year)) , (S (NP-SBJ-1 Siemens) (VP will (VP hold (NP-2 (NP 74.9 %) (PP of (NP the venture)))))) and (S (NP-SBJ=1 (NP a Matsushita subsidiary) , (NP Matsushita Electronic Components Co.) ,) (NP=2 25.1 %)) .)) (TOP (S (NP-SBJ-1 (NP A basic agreement) (PP between (NP the two companies))) (VP was (VP announced (NP *-1) (PP-TMP in (NP June)))) .)) (TOP (S (NP-SBJ-2 The new company) (VP is (S (NP-SBJ-1 *-2) (VP to (VP be (VP called (S (NP-SBJ *-1) (NP-PRD Siemens Matsushita Components G.m.b . H .))))))))) (TOP (S (NP-SBJ It) (VP will (VP have (NP its headquarters) (PP-LOC-CLR in (NP Munich)))) .)) (TOP (S (NP-SBJ (NP (NP Matsushita 's) share) (PP-LOC in (NP the venture))) (VP will (VP (VP rise (PP-DIR-1 to (NP 35 %)) (NP-TMP-2 Oct. 1 , 1990)) , and (VP (PP-DIR=1 to (NP 50 %)) (NP-TMP=2 the following Oct. 1)))) .)) (TOP (S (NP-SBJ Siemens) (VP will (VP retain (NP majority voting rights))) .)) (TOP (S (S-TPC-1 (NP-SBJ The parent companies) (VP forecast (NP (NP sales) (PP for (NP the venture)) (PP of (NP (QP around 750 million) marks))) (PP-TMP for (NP its first fiscal year)))) , (NP-SBJ Matsushita) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (NP-SBJ-1 Sales) (VP are (VP expected (S (NP-SBJ *-1) (VP to (VP rise (PP-DIR to (NP (QP one billion) marks)) (PP-TMP after (NP four years))))))) .)) (TOP (S (NP-SBJ The company) (VP will (VP have (NP production facilities) (PP-LOC-CLR in (NP (NP West Germany) , (NP Austria) , (NP France) and (NP Spain))))) .)) (TOP (S (NP-SBJ (NP Roger Rosenblatt) , (NP (NP editor) (PP of (NP U.S. News & World Report))) ,) (VP resigned (NP-TMP Friday) (PP-CLR from (NP the weekly news magazine))) .)) (TOP (S (NP-SBJ Mr. Rosenblatt) (VP said (SBAR 0 (S (NP-SBJ he) (VP resigned (PP-PRP because of (NP (NP difficulties) (PP with (S-NOM (NP-SBJ *) (VP commuting (PP-CLR between (NP (NP his home) (PP-LOC in (NP New York))) and (NP (NP (NP the magazine 's) editorial offices) (PP-LOC in (NP Washington))))))))))))) .)) (TOP (SINV `` (S-TPC-1 (ADVP Frankly) , (NP-SBJ I) (VP missed (NP my family))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Rosenblatt) .)) (TOP (S (PP-LOC In (NP (NP Mr. Rosenblatt 's) tenure)) , (NP-SBJ (NP the magazine 's) advertising pages and circulation) (VP have (VP grown (ADVP-MNR significantly))) .)) (TOP (S But (PP-CLR-TPC-1 at (NP (ADJP 2.3 million weekly) paid circulation)) , (NP-SBJ-2 U.S. News) (ADVP-TMP still) (VP ranks (S-CLR (NP-SBJ *-2) (ADJP-PRD third)) (PP-CLR *T*-1) (PP-LOC-CLR behind (NP (NP (NP (NP Time Warner Inc. 's) (NX-TTL Time magazine)) , (PP with (NP (QP 4.4 million) circulation))) , and (NP (NP (NP Washington Post Co. 's) (NX-TTL Newsweek)) , (PP with (NP (QP 3.3 million) circulation)))))) .)) (TOP (S (NP-SBJ (NP Mortimer B. Zuckerman) , (NP (NP chairman) and (NP (NP editor) (PP in (NP chief)))) ,) (VP said (SBAR 0 (S (NP-SBJ Mr. Rosenblatt) (VP would (VP be (VP succeeded (PP-TMP starting (NP today)) (PP by (NP-LGS (NP (NP Michael Ruby) , (NP (NP the magazine 's) executive editor)) , and (NP (NP Merrill McLoughlin) , (NP a senior writer)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Mr. Ruby) and (NP Ms. McLoughlin)) (VP are (VP married (NP *-1) (PP-CLR to (NP each other)))) .)) (TOP (S (NP-SBJ Mr. Zuckerman) (VP said (SBAR 0 (S (NP-SBJ his magazine) (VP would (VP maintain (NP (NP its editorial format) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP is (NP-PRD (NP a mix) (PP of (NP (NP analysis) and (NP trend stories))) (PP with (NP service-oriented , how-to articles)))))))))))) .)) (TOP (S (NP-SBJ (NP Mr. Rosenblatt) , (NP (NP a senior writer) (PP-LOC at (NP Time magazine)) (PP-TMP before (S-NOM (NP-SBJ *) (VP joining (NP U.S. News & World Report))))) ,) (VP said (SBAR 0 (S (NP-SBJ he) (VP had (NP (NP numerous job offers) (PP from (NP other magazines))) (SBAR-TMP while (S (NP-SBJ he) (VP was (NP-PRD editor)))))))) .)) (TOP (S (NP-SBJ-1 The offers) (VP were (S (NP-SBJ *-1) (VP to (VP work (PP-CLR as (NP (NP a writer) , not (NP an editor))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ he) (VP will (ADVP-TMP now) (VP consider (NP those offers)))))) .)) (TOP (S (NP-SBJ Avions Marcel Dassault-Breguet Aviation S.A.) (VP said (SBAR 0 (S (NP-SBJ (NP group profit) (PP-TMP before (NP (NP taxes) and (NP (NP contributions) (PP to (NP employee profit-sharing)))))) (VP soared (NP-EXT 97 %) (PP-DIR to (NP (NP 839 million francs) (PRN -LRB- (NP (QP $ 129.6 million) *U*) -RRB-) (PP-TMP in (NP (NP the first half) (PP of (NP 1989)))))) (PP-DIR from (NP (NP 425 million francs) (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (NP-SBJ The French aircraft group) (VP pointed (PRT out) , (ADVP however) , (SBAR that (S (NP-SBJ (NP financial results) (PP from (NP (NP its sector) (PP of (NP industry))))) (VP are (ADVP-TMP frequently) (ADJP-PRD erratic) (PP-PRP because of (NP (NP irregular cash flow) (PP from (NP large contracts)))))))) .)) (TOP (S (NP-SBJ It) (VP noted , (PP for (NP example)) , (SBAR that (S (NP-SBJ (NP group revenue) (PP for (NP the first half))) (VP was (NP-PRD (QP 8.734 billion) francs) , (ADVP-CLR down (NP (QP about 12) %) (PP from (NP 9.934 billion francs) (ADVP-TMP (NP a year) earlier))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ it) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ (NP sales) (PP-TMP for (NP (NP all) (PP of (NP 1989))))) (VP to (VP be (PP-PRD on (NP (NP the order) (PP of (NP (QP 20 billion) francs)))) , (S-ADV (NP-SBJ *) (VP reflecting (NP (NP anticipated billings) (PP for (NP two large contracts)) (PP-TMP in (NP (NP the second half) (PP of (NP the year)))))))))))))) .)) (TOP (S (PP-TMP For (NP (NP all) (PP of (NP 1988)))) , (NP-SBJ Dassault) (VP had (NP (NP group profit) (PP of (NP (QP 428 million) francs)) (PP on (NP (NP revenue) (PP of (NP (QP 18.819 billion) francs)))))) .)) (TOP (S (S (NP-SBJ The group) (VP has n't (ADVP-TMP yet) (VP released (NP (NP earnings figures) (PP for (NP (NP the first half) (PP of (NP 1989)))))))) , nor (SINV has (NP-SBJ it) (VP made (NP (NP a detailed forecast) (PP of (NP its full-year earnings))))) .)) (TOP (SINV (S-TPC-2 (NP-SBJ-1 Keystone Consolidated Industries Inc.) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP earnings) (PP-TMP before (NP extraordinary tax benefits)) (PP of (NP (NP (QP about $ 1.5 million) *U*) , or (NP (NP (QP about 41) cents) (NP-ADV a share)) , (PP for (NP the third quarter)))) , (PP compared (PP with (NP a loss (NP last year)))))))))) , (VP said (SBAR 0 (S *T*-2))) (NP-SBJ (NP Glenn R. Simmons) , (NP (NP chairman) and (NP chief executive officer))) .)) (TOP (S (S-TPC-1 (PP-TMP After (NP (NP a tax benefit) (PP of (NP (QP about $ 780,000) *U*)))) , (NP-SBJ-2 Keystone) (VP expects (S (NP-SBJ *-2) (VP to (VP report (NP (NP net income) (PP of (NP (NP (QP $ 2.3 million) *U*) , or (NP (NP (QP about 62) cents) (NP-ADV a share)))))))))) , (NP-SBJ Mr. Simmons) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S (PP-TMP For (NP (NP third quarter) (NP-TMP last year))) , (NP-SBJ Keystone) (VP reported (NP (NP (NP a (ADJP (QP $ 1 million) *U*) loss) (PP from (NP continuing operations))) and (NP (NP a (ADJP (QP $ 200,000) *U*) loss) (PP from (NP discontinued operations)))) , (PP for (NP (NP a net loss) (PP of (NP (QP $ 1.2 million) *U*))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP Revenue) (PP for (NP the latest third quarter))) (VP was (NP-PRD (QP about $ 70.5 million) *U*) , (ADVP-CLR up (NP 10 %) (PP from (NP (QP $ 63.6 million) *U*) (NP-TMP last year))))) , (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ Mr. Simmons) (VP said (SBAR 0 (S (NP-SBJ the results) (VP signal (NP a turnaround) (PP for (NP (NP (NP the maker) (PP of (NP (NP wire) and (NP wire products)))) , (SBAR (WHNP-1 which) (S (NP-SBJ-2 *T*-1) (VP has (VP struggled (S (NP-SBJ *-2) (VP to (VP remain (ADJP-PRD competitive) (PP-TMP in (NP (NP the face) (PP of (NP lower-priced , imported steel))))))))))))))))) .)) (TOP (S (S-TPC-2 (S (NP-SBJ (NP A new (ADJP (QP $ 46 million) *U*) steel rod minimill) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP got (PRT off) (PP-CLR to (NP a rocky start)) (PP-TMP in (NP early 1988))))) ,) (ADVP-TMP now) (VP is (VP running (ADVP-MNR efficiently)))) and (S (NP-SBJ a new management team) (VP is (VP (ADVP-MNR more heavily) marketing (NP (NP Keystone 's) products))))) , (NP-SBJ Mr. Simmons) (VP said (SBAR 0 (S *T*-2))) .)) (TOP (S (PP As (NP a result)) , (NP-SBJ-1 the company) (VP hopes (S (NP-SBJ *-1) (VP to (VP report (NP (NP net income) (PP-TMP for (NP the year)) (PP of (NP (NP (QP about $ 11.6 million) *U*) , or (NP (NP (NP (QP about $ 3.10) *U*) (PP to (NP $ 3.15 *U*))) (NP a share)) ,)) (PP compared (PP with (NP (NP (NP a net loss) (PP of (NP (QP $ 24.4 million) *U*) (NP-TMP last year))) , (PP-TMP after (NP (NP a loss) (PP from (NP discontinued operations)) (PP of (NP (QP $ 18.4 million) *U*)))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Revenue) (PP-TMP for (NP 1989))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (QP about $ 300 million) *U*) , (ADVP up (NP (QP about 21) %) (PP from (NP (NP (QP $ 247.3 million) *U*) (PP-TMP in (NP 1988)))))))))) .)) (TOP (S (PP-TMP For (NP (NP the nine months) (VP ended (NP-TMP-CLR Sept. 30)))) , (NP-SBJ-1 Keystone) (VP expects (S (NP-SBJ *-1) (VP to (VP report (NP (NP net income) (PP of (NP (NP $ 9.3 *U* milion) , or (NP (NP (QP about $ 2.53) *U*) (NP-ADV a share)) ,)) (PP-TMP after (NP (NP an extraordinary gain) (PP from (NP (NP $ 3.2 million *U*) (PP in (NP tax benefits))))))))))) .)) (TOP (S (NP-TMP Last year) , (NP-SBJ the company) (VP had (NP (NP a net loss) (PP of (NP (NP (QP $ 6.5 million) *U*) , (PP including (NP (NP (NP a (ADJP (QP $ 6.1 million) *U*) loss) (PP from (NP continuing operations))) and (NP (NP a (ADJP $ 400,000 *U*) loss) (PP from (NP discontinued operations))))))))) .)) (TOP (S (NP-SBJ-1 (NP Revenue) (PP for (NP the nine months))) (VP is (VP expected (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (QP about $ 230.5 million) *U*) , (ADVP up (NP (QP about 21) %) (PP from (NP (QP $ 190.4 million) *U*) (NP-TMP last year)))))))) .)) (TOP (S (NP-SBJ Mr. Simmons) (VP said (SBAR 0 (S (NP-SBJ (NP Keystone 's) new mill) (VP is (VP expected (S (NP-SBJ *) (VP to (VP produce (NP (NP (QP about 585,000) tons) (PP of (NP steel rods))) (NP-TMP this year) , (ADVP up (PP from (NP 413,000 tons) (PP-TMP in (NP 1988)))))))))))) .)) (TOP (S-3 (NP-SBJ (NP Production) (PP-LOC at (NP the mill))) (VP has (VP exceeded (NP (NP the ability (S *ICH*-2)) (PP of (NP (NP Keystone 's) casting operation)) (S-2 (NP-SBJ *) (VP to (VP supply (NP it))))) (PRN , (S (NP-SBJ he) (VP said (SBAR 0 (S *T*-3)))) ,) (SBAR-ADV (WHNP-1 which) (S (NP-SBJ *T*-1) (VP will (VP force (NP-4 Keystone) (S (NP-SBJ *-4) (VP to (VP purchase (NP (NP billet) , or (NP unfinished steel bars) ,) (PP-CLR from (PP outside (NP the company))) (UCP-TMP (PP during (NP the fourth quarter)) and (NP next year))))))))))) .)) (TOP (S (S-TPC-3 (NP-SBJ-1 Keystone) (VP will (VP have (S (NP-SBJ-2 *-1) (VP to (VP consider (S (NP-SBJ *-2) (VP expanding (NP its casting operation) , (PP at (NP (NP an estimated cost) (PP of (NP (QP $ 8 million to $ 10 million) *U*)))) , (PP-TMP within (NP the next (QP 18 to 24) months)))))))))) , (NP-SBJ Mr. Simmons) (VP said (SBAR 0 (S *T*-3))) .)) (TOP (S (PP-LOC Under (NP (NP Robert W. Singer) , (SBAR (WHNP-2 who) (S (NP-SBJ-1 *T*-2) (VP was (VP named (S (NP-SBJ *-1) (NP-PRD (NP president) and (NP chief operating officer))) (NP-TMP last year))))))) , (NP-SBJ-3 Keystone) (VP has (VP (VP expanded (NP its sales force) (PP-DIR to (NP (QP about 20) people)) (PP-DIR from (NP (QP about 15)))) and (VP hopes (NP *-3) (S (NP-SBJ *) (VP to (VP expand (NP its sales) (PP-DIR from (NP (NP the middle portion) (PP of (NP the country)))) (PP-DIR toward (NP the (ADJP East and West) coasts)))))))) .)) (TOP (S `` (ADVP-TMP Prior (PP to (ADVP (NP a year) ago))) , (NP-SBJ Keystone) (VP was (NP-PRD an order-taker)) .)) (TOP (S (S-TPC-2 (ADVP-TMP Now) (NP-SBJ I) (VP think (SBAR 0 (S (NP-SBJ we) (VP have (NP (NP a group) (PP of (NP marketing people)) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP are (ADVP-LOC-PRD out) (S-CLR (NP-SBJ *) (VP selling (PP-DTV to (NP retailers and wholesalers))))))))))))) , '' (NP-SBJ Mr. Simmons) (VP said (S *T*-2)) .)) (TOP (S-1 (ADVP Still) (PRN , (NP-SBJ he) (VP said (SBAR 0 (S *T*-1)))) , (NP-SBJ-2 the 100-year-old company) (VP plans (S (NP-SBJ *-2) (VP to (VP continue (NP (NP its premium-priced strategy) (PP for (NP (NP (NP its distinctive brand) (PP of (NP red-tipped wire fencing))) and (NP other products)))))))) .)) (TOP (S (NP-SBJ The company) (VP claims (NP (NP (NP a (ADJP 40 %) share) (PP of (NP the U.S. field fence business))) , (NP (NP a (ADJP 35 %) share) (PP of (NP poultry netting sales))) and (NP (NP a (ADJP 30 %) share) (PP of (NP barbed wire sales))))) .)) (TOP (S (NP-SBJ Freeport-McMoRan Inc.) (VP said (SBAR 0 (S (NP-SBJ (NP a temporary cessation) (PP of (NP (NP operations) (PP-LOC at (NP (NP its Sunshine Bridge uranium-recovery facility) (PP-LOC in (NP (NP Donaldsonville) , (NP La.) ,))))))) (VP will (VP result (PP-CLR in (NP (NP slight earnings improvement) (PP to (NP both (NP (NP the company) and (NP its Freeport-McMoRan Resource Partners Limited Partnership unit))))))))))) .)) (TOP (S (NP-SBJ The company) (VP did n't (VP elaborate)) .)) (TOP (S (NP-SBJ The diversified energy and minerals concern) (VP said (SBAR (SBAR that (S (NP-SBJ a depressed uranium market) (VP is (ADJP-PRD responsible (PP for (NP (NP the temporary mothballing) (PP of (NP the plant)))))))) , but (SBAR that (S (NP-SBJ-1 the plant) (VP can (VP be (VP reactivated (NP *-1) (ADVP-MNR quickly) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ the market) (VP improves (ADVP-TMP *T*-2))))))))))) .)) (TOP (S (NP-SBJ-1 (NP (QP More than 400,000) pounds) (PP of (NP uranium)) (NP-ADV a year)) (VP have (VP been (VP produced (NP *-1) (PP-LOC at (NP the facility)) (PP-TMP during (NP the past seven years))))) .)) (TOP (S (NP-SBJ-2 (NP A second uranium-recovery plant) (PP-LOC at (NP (NP Uncle Sam) , (NP La.) ,)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP produces (NP (NP (QP more than 700,000) pounds) (PP of (NP uranium))) (ADVP-TMP annually)))) ,) (VP will (VP continue (S (NP-SBJ *-2) (VP to (VP operate))))) .)) (TOP (S (NP-SBJ Freeport-McMoRan) (VP said (SBAR 0 (S (NP-SBJ the shutdown) (VP (VP wo n't (VP affect (NP (NP sales volumes) (PP-LOC under (NP (NP long-term sales contracts) (PP of (NP its Freeport Uranium Recovery Co. unit))))))) , (VP but (VP will (VP reduce (NP (NP (NP the amount) (PP of (NP product))) (VP sold (NP *) (PP-LOC-CLR on (NP the spot market))))))))))) .)) (TOP (S (NP-SBJ (NP Freeport-McMoRan Resource Partners) , (PP as (NP (NP owner) (PP of (NP the uranium-recovery technology)))) ,) (VP receives (NP royalty payments)) .)) (TOP (S (NP-SBJ Business Week subscribers) (VP may (VP hear (S (NP-SBJ (NP this week 's) issue) (VP talking (ADVP-CLR back) (PP-CLR to (NP them)))))) .)) (TOP (S (NP-SBJ (NP (NP A four-page ad) (PP from (NP Texas Instruments Inc.))) , (VP running (PP-LOC-CLR in (NP (NP (QP approximately 140,000) issues) (PP of (NP (NP the Oct. 20 `` (NAC-TTL Corporate Elite) '' issue) (PP of (NP the McGraw-Hill Inc. publication))))))) ,) (VP contains (NP (NP a speech synthesizer) (VP laminated (NP *) (PP-LOC between (NP (NP two) (PP of (NP the pages))))))) .)) (TOP (S (NP-SBJ (NP Readers) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP pull (PRT off) (NP (NP a piece) (PP of (NP tape)))) and (VP press (NP a switch)))))) (VP will (VP hear (S (NP-SBJ a (ADJP (ADJP tiny) (PRN -- but (ADJP distinctly human-sounding) --)) voice) (VP announce , `` (S (NP-SBJ I) (VP am (NP-PRD the talking chip))) , '' (SBAR-TMP as (S (NP-SBJ it) (VP launches (PP-DIR into (NP (NP a 15-second discourse) (PP on (NP its own attributes))))))))))) .)) (TOP (S (S (NP-SBJ The talking chip) (VP is n't (ADJP-PRD cheap))) (PRN -- (S (S (NP-SBJ (NP the per-ad cost) (PP to (NP Texas Instruments))) (VP is (NP-PRD (QP about $ 4) *U*))) , and (S (NP-SBJ that) (VP 's (PP-PRD without (S-NOM (NP-SBJ *) (VP adding (PRT in) (NP (NP Business Week 's) charge))))))) --) but (S (NP-SBJ Texas Instruments) (VP believes (SBAR 0 (S (NP-SBJ it) (VP is (NP-PRD a first)))))) .)) (TOP (S (S (NP-SBJ Previous efforts) (VP have (VP included (NP (NP musical ads) , (VP featuring (NP (NP simple tone-generating chips) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP play (NP a tune)))))))))) , but (S (NP-SBJ (NP the voice synthesizer) (PP-LOC in (NP this effort))) (VP is (ADJP-PRD (ADVP much more) sophisticated) , (PP with (NP (NP none) (PP of (NP (NP the robotic flatness) (SBAR (WHNP-2 that) (S (NP-SBJ-4 one) (VP hears (NP *T*-2) , (PP for (NP example)) , (SBAR-TMP (WHADVP-3 when) (S (NP-SBJ *-4) (VP calling (NP telephone directory services) (ADVP-TMP *T*-3))))))))))))) .)) (TOP (S (S And (PP for (NP (NP those) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP miss (NP the message) (NP-TMP the first time around)))))) , not (NP-SBJ *) (VP to (VP worry))) : (S (NP-SBJ Three tiny batteries) (VP provide (NP (NP enough juice) (PP for (NP (QP as many as 650) replays))))) .)) (TOP (S (NP-SBJ (NP Lomas Financial Corp.) , (NP Dallas) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP ask (NP-1 a U.S. bankruptcy court) (S (NP-SBJ *-1) (VP to (VP allow (NP-SBJ it) (S (NP-SBJ *) (VP to (VP hire (NP (NP Lazard Freres) & (NP Co.)) (S-CLR (NP-SBJ *) (VP to (VP help (S (NP-SBJ it) (VP sell (NP its leasing unit))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP Lomas) , (VP assisted (NP *) (PP by (NP-LGS Merrill Lynch Capital Markets))) ,) (VP has (VP been (VP trying (S (NP-SBJ *-1) (VP to (VP sell (NP its Equitable Lomas Leasing Co.)))) (PP-TMP for (NP several months)) , (PP (ADVP apparently) without (NP success))))) .)) (TOP (S (NP-SBJ-1 The real estate and mortgage banking concern) (VP had (VP hoped (S (NP-SBJ *-1) (VP to (VP use (NP (NP proceeds) (PP from (NP the sale))) (S-CLR (NP-SBJ *) (VP to (VP reduce (NP its debt))))))))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (UCP-PRD (PP Without (NP (NP cash) (PP from (NP asset sales)))) and (ADJP unable (S (NP-SBJ *) (VP to (VP reach (NP a new bank-credit agreement))))))) , (NP-SBJ-2 Lomas) (VP defaulted (PP-LOC-CLR on (NP (NP (NP (QP $ 145 million) *U*) (PP in (NP notes))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP became (ADJP-PRD due) (NP-TMP Sept. 1))))))) .)) (TOP (S (NP-SBJ It) (VP filed (PP-CLR for (NP (NP protection) (PP from (NP creditors)))) (PP-LOC under (NP (NP Chapter 11) (PP of (NP the federal Bankruptcy Code)))) (NP-TMP Sept. 24) (S-PRP (NP-SBJ *) (VP to (VP give (NP it) (NP (NP additional time) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP work (PP-LOC-CLR on (NP a plan (S (NP-SBJ *) (VP to (VP restructure (NP (NP its (QP $ 1.45 billion) *U*) (PP in (NP senior debt))))) (ADVP-TMP *T*-1))))))))))))) .)) (TOP (S (NP-SBJ Lomas) (VP said (SBAR 0 (S (NP-SBJ (NP Merrill Lynch) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP owns (NP (NP bonds and equity) (PP-LOC in (NP Lomas)))))) ,) (VP could n't (VP continue (PP-CLR as (NP (NP Lomas 's) investment banker)) (SBAR-PRP because (S (NP-SBJ it) (VP is (ADVP also) (NP-PRD a creditor))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ it) (VP chose (NP Lazard) (PP in (NP part)) (PP-PRP because of (NP (NP (NP Lazard 's) offices) (PP-LOC in (NP (NP Europe and Japan) , (SBAR (WHADVP-1 where) (S (NP-SBJ investors) (VP might (VP be (ADJP-PRD interested (PP in (NP a U.S. leasing company))) (ADVP-LOC *T*-1))))))))))))) .)) (TOP (S (NP-SBJ (NP Canadian Imperial Bank) (PP of (NP Commerce))) (VP said (SBAR 0 (S (NP-SBJ it) (VP will (VP increase (NP-1 its loan-loss provisions) (S-CLR (NP-SBJ *-1) (VP to (VP cover (NP (NP (NP all) its loans) (PP to (NP (NP (ADJP lesser developed) countries) , (PP except (NP Mexico)) ,)))))) (S-ADV (NP-SBJ *) (VP resulting (PP-CLR in (NP (NP an after-tax charge) (PP to (NP 1989 earnings)) (PP of (NP (NP (QP 300 million) Canadian dollars) (PRN -LRB- (NP (QP US$ 255 million) *U*) -RRB-)))))))))))) .)) (TOP (S (NP-SBJ (NP Don Bowder) , (NP (NP senior vice president) and (NP chief accountant)) ,) (VP said (SBAR 0 (S (NP-SBJ (NP the bank 's) strong earnings) (VP enable (S (NP-SBJ it) (VP to (VP be (NP-PRD (NP the first major Canadian bank) (SBAR (WHNP-1 0) (S (NP-SBJ *T*-1) (VP to (VP set (ADVP-DIR aside) (NP (NP provisions) (VP covering (NP (NP (NP all) its (QP C$ 1.17 billion) *U*) (PP in (NP non-Mexican LDC debt))))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ It) (VP eliminates (NP (NP the continuing uncertainty) (PP with (NP (NP respect) (PP to (NP (NP the ultimate value) (PP of (NP the loans))))))))) , '' (NP-SBJ he) (VP said (S *T*-1)) .)) (TOP (S (NP-SBJ The bank) (VP said (SBAR 0 (S (NP-SBJ-1 (ADVP about) (QP C$ 525 million) *U*) (VP will (VP be (VP added (NP *-1) (PP-CLR to (NP its existing LDC and general loss provisions)) (PP-TMP in (NP (NP its fourth quarter) , (VP ending (NP-TMP-CLR Oct. 31)))))))))) .)) (TOP (S (NP-SBJ Mr. Bowder) (VP said (SBAR 0 (S (NP-SBJ (NP the (ADJP C$ 300 million *U*) charge) (PP to (NP earnings))) (VP would (VP amount (PP-CLR to (NP (NP about C$ 1.34 *U*) (NP a share)))))))) .)) (TOP (S (NP-SBJ (NP (NP The bank 's) net income) (PP for (NP (NP the nine months) (VP ended (NP-TMP-CLR July 31))))) (VP was (NP-PRD (NP (QP C$ 577 million) *U*) , or (NP (NP C$ 3.10 *U*) (NP-ADV a share)))) .)) (TOP (S (NP-SBJ Mr. Bowder) (VP said (SBAR 0 (S (NP-SBJ the bank) (VP will (VP restructure (NP (NP its (QP C$ 604 million) *U*) (PP of (NP Mexican debt)) , (SBAR (WHPP of (WHNP which)) (S (NP-SBJ C$ 255 million *U*) (VP is (PP-PRD in (NP (NP Mexican notes) (VP secured (NP *) (PP by (NP-LGS U.S. government bonds)))))))))))))) .)) (TOP (S (NP-SBJ-1 The bank) (VP (VP has (NP (NP a (ADJP 45 %) reserve) (PP against (NP (NP the remaining (QP C$ 349 million) *U*) (PP of (NP Mexican debt)))))) and (VP expects (S (NP-SBJ *-1) (VP to (VP swap (NP that) (PP-CLR for (NP (NP other Mexican notes) (VP supported (NP *) (PP by (NP-LGS U.S. Treasury zero-coupon bonds)))))))))) .)) (TOP (S (NP-SBJ Mr. Bowder) (VP said (SBAR 0 (S (S (NP-SBJ (NP (NP the bank 's) experience) (PP with (NP LDC debt))) (VP has (VP been (ADJP-PRD `` painful '')))) and (S (NP-SBJ this latest move) (VP represents (NP (NP the final phase) (PP of (NP (NP a program) (VP begun (NP *) (ADVP-TMP (NP seven years) ago) (S-PRP (NP-SBJ *) (VP to (VP reduce (NP its exposure) (PP-MNR through (NP (NP provisioning) , (NP debt sales) and (NP debt swaps))))))))))))))) .)) (TOP (S (NP-SBJ He) (VP said (SBAR 0 (S (NP-SBJ the bank) (VP (VP will (ADVP-TMP no longer) (VP participate (PP-LOC-CLR in (NP LDC sovereign lending)))) , but (VP will (VP support (NP (NP trade financing) and (NP (NP other transactions) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP meet (NP (NP the bank 's) standards)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP The carnage) (PP-LOC among (NP takeover stocks)) (NP-TMP Friday)) (VP (VP does n't (VP mean (NP (NP the end) (PP of (NP mega-mergers))))) but (ADVP simply) (VP marks (NP (NP the start) (PP of (NP a (ADJP less ambitious) game)))))) , (NP-SBJ (NP Wall Street 's) big-time deal makers) (VP say (S *T*-1)) .)) (TOP (S (NP-SBJ Suitors) (PP-TMP (PP from (ADVP now)) (ADVP on)) (VP are (ADJP-PRD more likely (S (NP-SBJ *) (VP to (VP be (NP-PRD (NP expansion-minded companies) , (CONJP rather than) (NP (NP raiders) or (NP debt-happy financiers)))))))) .)) (TOP (S And (NP-SBJ they) (VP will (VP be (VP launching (NP (ADJP (ADJP lower-priced) and (ADJP perhaps fewer)) deals) , (ADVP now (SBAR that (S (NP-SBJ (NP it) (S *EXP*-1)) (VP 's (ADJP-PRD tougher) (S-1 (NP-SBJ *) (VP to (VP finance (NP them))))))))))) .)) (TOP (S (NP-SBJ This) (VP is (NP-PRD (NP an ominous sign) (PP for (NP (NP a stock market) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (ADVP-TMP lately) (VP has (VP been (VP fueled (NP *-1) (PP by (NP-LGS (NP (NP takeover speculation) and (NP bidding wars)) (PP for (NP (NP companies) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP put (NP themselves) (PP-PUT up (PP for (NP sale))))))))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-2 Whenever) (S (NP-SBJ-1 the 1980s merger boom) (VP seems (S (NP-SBJ *-1) (VP to (VP be (VP stalling (ADVP-TMP *T*-2)))))))) , (NP-SBJ shock waves) (VP ripple (PP-LOC-CLR through (NP the stock market))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The market) (VP is (ADJP-PRD (ADJP overvalued) , not (ADJP cheap)))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Alan Gaines) (PP of (NP the New York money-management firm Gaines Berland))) .)) (TOP (S (NP-SBJ-1 He) (ADVP-TMP recently) (VP began (S (NP-SBJ *-1) (VP increasing (NP his cash position) (PP-DIR to (NP (NP 45 %) (PP of (NP his portfolio))))))) .)) (TOP (S-1 `` (S (NP-SBJ I) (VP look (PP at (SBAR (WHADVP where) (S (NP-SBJ deals) (VP can (VP get (VP done)))))))) (PRN , '' (S (NP-SBJ he) (VP says (S *T*-1))) , ``) and (S (NP-SBJ they) (VP 're not (VP getting (VP done '' (PP-CLR at (NP current prices)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Lenders) (VP are (VP growing (ADJP-PRD increasingly nervous (PP about (NP debt-financed takeovers)))))) , (NP-SBJ investment bankers) (VP say (SBAR 0 (S *T*-1))) .)) (TOP (SINV `` (S-TPC-4 (NP-SBJ You) (VP had (NP (NP (NP a week) (PP of (NP a deteriorating junk-bond market))) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP ran (ADVP smack) (PP into (NP (NP the news) (PP-TMP on (NP Friday)) (PP about (SBAR (WHNP-2 what) (S (NP-SBJ-3 *T*-2) (VP appeared (S (NP-SBJ *-3) (VP to (VP be (VP happening (PP-CLR to (NP the bank debt market)))))))))))))))))) , '' (VP says (S *T*-4)) (NP-SBJ (NP Steven Rattner) , (NP (NP a (NX (NX partner) and (NX merger specialist))) (PP with (NP Lazard Freres & Co)))) .)) (TOP (S (NP-SBJ Trading) (VP dried (PRT up) (NP-TMP Friday) (PP-LOC in (NP (NP the market) (PP for (NP (NP high-yield junk bonds) , (VP (ADVP-TMP often) used (NP-1 *) (S-CLR (NP-SBJ *-1) (VP to (VP finance (NP takeovers)))))))))) .)) (TOP (S (NP-SBJ It) (VP was (NP-PRD (NP the latest) (PP in (NP (NP a series) (PP of (NP (NP setbacks) (PP for (NP (NP the junk bond market) , (SBAR (WHADVP-1 where) (S (NP-SBJ prices) (VP began (S (NP-SBJ *) (VP weakening)) (NP-TMP last month) (SBAR-TMP after (S (NP-SBJ Campeau) (VP hit (NP a cash crunch)))) (ADVP-LOC *T*-1)))))))))))) .)) (TOP (S And (NP-SBJ-1 banks) (VP appear (S (NP-SBJ *-1) (VP to (VP be (VP taking (NP-CLR an (ADJP increasingly skeptical) view) (PP-CLR of (NP (NP requests) (PP for (NP high-risk takeover loans))))))))) .)) (TOP (S (NP-SBJ (NP The group) (VP trying (S (NP-SBJ *) (VP to (VP buy (NP UAL)))))) (VP announced (NP-TMP Friday) (SBAR that (S (NP-SBJ it) (VP could n't (VP arrange (NP (NP the (QP $ 7.2 billion) *U*) (PP in (NP bank loans)) (SBAR (WHNP-1 0) (S (NP-SBJ it) (VP needs (NP *T*-1) (S-PRP (NP-SBJ *) (VP to (VP buy (NP (NP the parent) (PP of (NP United Airlines))) (PP-CLR for (NP (NP $ 300 *U*) (NP-ADV a share))))))))))))))) .)) (TOP (S (S (NP-SBJ-1 Takeover-stock traders) (NP-TMP today) (VP will (VP be (VP scrambling (S (NP-SBJ *-1) (VP to (VP learn (PP-CLR of (NP any UAL developments))))))))) , and (S (NP-SBJ other takeover stocks) (VP are (ADJP-PRD likely (S (NP-SBJ *) (VP to (VP trade (PP in (NP sympathy)))))))) .)) (TOP (S (NP-SBJ (NP Investment bankers) (VP representing (NP (NP the buy-out group) and (NP (NP UAL 's) board)))) (VP spent (NP a frantic weekend) (S-CLR (NP-SBJ-2 *) (VP trying (S (NP-SBJ *-2) (VP to (VP hammer (PRT out) (NP (NP new terms) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP would (VP be (ADJP-PRD more acceptable (PP to (NP the banks)))))))))))))) .)) (TOP (S (PP After (NP UAL)) , (NP-SBJ (NP the stock) (VP viewed (NP *) (PP-CLR as (ADJP most vulnerable)))) (VP is (NP-PRD (NP (NP (NP American Airlines ') parent) (NP AMR)) , (NP (NP the target) (PP of (NP (NP a (ADJP $ 120-a-share *U*) takeover proposal) (PP from (NP New York real estate developer Donald Trump))))))) .)) (TOP (S (S-NOM-SBJ-1 (NP-SBJ *) (VP Trading (PP in (NP AMR shares)))) (VP (VP was (VP suspended (NP *-1) (PP-TMP (ADVP shortly) after (NP (NP 3 p.m. EDT) (NP Friday))))) and (VP did n't (VP resume))) .)) (TOP (S (PP-TMP Before (NP the halt)) , (NP-SBJ AMR) (ADVP-TMP last) (VP traded (PP-CLR at (NP (QP 98 5/8)))) .)) (TOP (S (NP-TMP Late Friday night) , (NP-SBJ (NP the London office) (PP of (NP (NP Jefferies & Co.) , (NP a Los Angeles securities firm) ,))) (VP traded (NP AMR shares) (PP-CLR at (NP (NP prices) (ADJP as low (PP as (NP 80)))))) .)) (TOP (S (ADVP Similarly) , (NP-SBJ (NP Delta Air Lines) and (NP USAir Group)) (VP (VP dropped (NP-EXT (NP 10.1 %) and (NP 8.5 %)) , (ADVP respectively) , (PP-TMP on (NP Friday))) and (VP (VP could (VP weaken (ADVP further))))) .)) (TOP (S (PP-TMP Over (NP the weeked)) , (ADVP however) , (NP-SBJ (NP two developments) (PP-LOC in (NP other deals))) (VP indicated (SBAR that (S (NP-SBJ-1 (NP commerical banks) and (NP Wall Street firms)) (ADVP-TMP still) (VP are (ADJP-PRD willing (S (NP-SBJ-2 *-1) (VP to (VP commit (NP (NP billions) (PP of (NP dollars))) (S-PRP (NP-SBJ *-2) (VP to (VP finance (NP (NP takeover bids) (VP launched (NP *) (PP by (NP-LGS major companies))))))))))))))) .)) (TOP (S (NP-SBJ (NP Vitro S.A.) , (NP a major Mexican glass maker) ,) (VP said (NP-TMP yesterday) (SBAR that (S (NP-SBJ-2 it) (VP agreed (S (NP-SBJ *-2) (VP to (VP buy (NP Anchor Glass Container) (PP-LOC in (NP (NP (NP a tender offer) (PP for (NP (NP $ 21.25 *U*) (NP-ADV a share)))) , (VP sweetened (NP *) (PP-CLR from (NP (NP the original (ADJP $ 20-a-share *U*) offer) (SBAR (WHNP-1 0) (S (NP-SBJ Vitro) (VP launched (NP *T*-1) (ADVP-TMP (NP two months) ago)))))))))))))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ Anchor shares) (VP fell (NP-EXT (QP 1 1/4)) (S-ADV (NP-SBJ *) (VP to (VP close (PP-CLR at (NP (QP 18 1/2))))))) .)) (TOP (S (PP For (NP the broader market)) , (NP-SBJ (NP the greatest significance) (PP of (NP the Vitro-Anchor deal))) (VP may (VP be (SBAR-PRD that (S (NP-SBJ-1 it) (VP (VP was (VP put (NP *-1) (ADVP-CLR together) (NP-TMP (ADVP late) Friday night) (PRN -- (PP-TMP after (NP the market rout)) --))) and (VP involves (NP (NP (NP a (ADJP (QP $ 155 million) *U*) temporary `` bridge '' loan) (PP from (NP Donaldson , Lufkin & Jenrette Securities))) and (NP (NP a (ADJP (QP $ 139 million) *U*) loan) (PP from (NP Security Pacific National Bank)))))))))) .)) (TOP (S (ADVP Moreover) , (S-PRP (NP-SBJ *-2) (VP to (VP (VP complete (NP the entire Anchor Glass purchase)) and (VP refinance (NP existing debt))))) , (NP-SBJ-2 Donaldson) (VP said (SBAR 0 (S (NP-SBJ it) (VP is `` (ADJP-PRD highly confident '' (SBAR that (S (NP-SBJ-1 it) (VP will (VP be (ADJP-PRD able (S (NP-SBJ *-1) (VP to (VP sell (NP (NP (QP $ 400 million) *U*) (PP of (NP junk bonds))) (PP for (NP Vitro)))))) , (PP despite (NP (NP the current disarray) (PP-LOC in (NP the junk bond market))))))))))))) .)) (TOP (S (NP-SBJ (NP Donaldson 's) statement) (VP is n't (NP-PRD merely an idle boast) , (SBAR-PRP because (S (NP-SBJ-2 those bonds) (VP will (VP have (S (NP-SBJ-1 *-2) (VP to (VP be (VP sold (NP *-1) (SBAR-TMP before (S (NP-SBJ-3 (NP Donaldson 's) bridge loan) (VP can (VP be (VP paid (NP *-3) (PRT back))))))))))))))) .)) (TOP (S (NP-SBJ Security Pacific) , (ADVP-TMP meanwhile) , (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP expects (S (NP-SBJ *-1) (VP to (VP arrange (NP (NP (QP $ 430 million) *U*) (PP in (NP bank loans))) (PP for (NP Vitro))))))))) .)) (TOP (S (PP-LOC In (NP another takeover battle)) , (NP-SBJ (NP a spokesman) (PP for (NP McCaw Cellular Communications))) (VP said (NP-TMP yesterday) (SBAR that (S (NP-SBJ-1 McCaw) (VP has (VP been (VP advised (NP *-1) (PP by (NP-LGS three commercial banks)) (SBAR that (S (NP-SBJ they) (VP remain `` (ADJP-PRD highly confident '' (SBAR 0 (S (NP-SBJ they) (VP can (VP arrange (NP (NP (QP $ 4.5 billion) *U*) (PP of (NP (NP bank loans) (PP for (NP (NP (NP McCaw 's) tender offer) (PP for (NP (NP (QP about 45) %) (PP of (NP LIN Broadcasting)))))))))))))) , `` (PP notwithstanding (NP recent events))))))))))) . '')) (TOP (S (NP-SBJ-1 McCaw) (VP is (VP offering (NP (NP $ 125 *U*) (NP-ADV a share)) (PP-CLR for (NP (QP 22 million) LIN shares)) , (S-ADV (NP-SBJ *-1) (ADVP thereby) (VP challenging (NP (NP LIN 's) proposal (S (NP-SBJ *) (VP to (VP (VP spin (PRT off) (NP its television properties)) , (VP pay (NP shareholders) (NP a (ADJP $ 20-a-share *U*) special dividend )) and (VP combine (NP its cellular-telephone operations) (PP-CLR with (NP (NP BellSouth 's) cellular business))))))))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ-2 LIN shares) (VP were (PP-LOC-PRD among (NP (NP the few takeover issues) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP did n't (VP fall (NP much))))))) , (S-ADV (NP-SBJ-3 *-2) (VP dropping (NP-EXT (NP (QP 5 1/2)) , or (NP 4.9 %) ,) (S-CLR (NP-SBJ *-3) (VP to (VP close (PP-CLR at (NP (QP 107 1/2))))))))) .)) (TOP (S (NP-SBJ (NP Traders) and (NP investment bankers)) (VP said (SBAR 0 (S (NP-SBJ-3 LIN shares) (VP were n't (VP hurt (NP *-3) (NP much) (SBAR-PRP because (S (NP-SBJ-1 BellSouth) (VP is (VP viewed (NP *-1) (PP-CLR as (NP (NP a well-financed corporate buyer) (ADJP unlikely (S (NP-SBJ-2 *) (VP to (VP be (VP affected (NP *-2) (PP by (NP-LGS (NP skittishness) (PP-LOC among (NP (NP bankers) or (NP bond buyers))))))))))))))))))))) .)) (TOP (S (NP-SBJ (NP Investment bankers) (VP interviewed (NP *) (PP-TMP over (NP the weekend)))) (VP see (NP (NP a silver lining) (PP for (NP the merger business))) (PP-LOC-CLR in (NP the stock-market drop))) .)) (TOP (SINV (S-TPC-1 (NP-SBJ (NP Potential bidders) (PP for (NP companies))) `` (VP were (VP saying (SBAR that (S (NP-SBJ-2 things) (VP were (VP beginning (S (NP-SBJ *-2) (VP to (VP look (ADJP-PRD expensive)))))))))) , '') (VP says (SBAR 0 (S *T*-1))) (NP-SBJ (NP Mr. Rattner) (PP of (NP Lazard))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Nothing) (VP makes (S (NP-SBJ things) (VP look (ADJP-PRD (ADJP cheaper) (PP than (NP (NP a 200-point drop) (PP-LOC in (NP the Dow))))))))) , '' (NP-SBJ Mr. Rattner) (VP says (S *T*-1)) .)) (TOP (S `` (SBAR-ADV Just as (S (NP-SBJ there) (VP are (NP-PRD (NP people) (VP waiting (S (NP-SBJ *) (VP to (VP become (NP-PRD (NP bargain hunters) (PP-LOC in (NP the stock market))))))))))) , (NP-SBJ there) (VP are (NP-PRD (NP people) (VP waiting (S (NP-SBJ *) (VP to (VP become (NP-PRD (NP bargain hunters) (PP-LOC in (NP the deal market))))))))) . '')) (TOP (S (NP-SBJ Investment bankers) (VP expect (S (NP-SBJ (NP most) (PP of (NP those bargain hunters))) (VP to (VP be (NP-PRD well-heeled corporations))))) .)) (TOP (SINV `` (S-TPC-3 (PP-TMP In (NP the past)) , (NP-SBJ-1 corporate buyers) (VP were (ADVP-TMP often) (VP discouraged (NP *-1) (PP-CLR from (S-NOM (NP-SBJ *) (VP making (NP bids)))) (PP-PRP because of (NP (NP competition) (PP from (NP (NP LBO firms) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP were (ADJP-PRD often prepared (S (NP-SBJ *) (VP to (VP outbid '' (NP the corporations))))))))))))))) , (VP says (SBAR 0 (S *T*-3))) (NP-SBJ (NP J. Tomilson Hill) , (NP (NP head) (PP of (NP mergers and acquisitions)) (PP-LOC at (NP Shearson Lehman Hutton)))) .)) (TOP (S (ADVP-TMP Now) , `` (NP-SBJ-2 corporate buyers) (VP should (VP be (ADJP-PRD willing (S (NP-SBJ *-2) (VP to (VP re-enter (NP the acquisition market))))) (SBAR-PRP because (S (NP-SBJ-1 (NP the competition) (PP from (NP junkbond-financed buyers))) (VP has (VP been (VP reduced (NP *-1)))))))) . '')) (TOP (S (NP-SBJ Many takeover stocks) (VP plunged (NP-TMP Friday) , (SBAR-TMP as (S (NP-SBJ speculators) (VP (VP retained (NP (NP their confidence) (PP-LOC in (NP corporate buyers)))) but (VP fled (PP-DIR from (NP (NP the socalled whisper stocks) , (NP (NP the targets) (PP of (NP rumored deals)))))))))) .)) (TOP (S (NP-SBJ (NP Columbia Pictures Entertainment) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP agreed (PP-CLR to (NP (NP a friendly (ADJP $ 27-a-share *U*) bid) (PP from (NP (NP Sony) (PP-LOC of (NP Japan)))))))))) ,) (VP fell (NP-EXT (QP only 1/8)) (S-CLR (NP-SBJ *) (VP to (VP close (PP-CLR at (NP (QP 26 5/8))))))) .)) (TOP (S But (NP-SBJ (NP several stocks) (VP (ADVP-TMP long) rumored (S (NP-SBJ *) (VP to (VP be (ADJP-PRD ripe (PP for (NP a takeover or restructuring)))))))) (VP fell (NP-EXT (NP 10 %) (QP or more))) .)) (TOP (S (NP-SBJ They) (VP include (NP (NP (NP USX) , (ADVP down (NP 11.7 %))) ; (NP (NP Upjohn) , (ADVP down (NP 11.1 %))) ; (NP (NP Campbell Soup) , (ADVP down (NP 11 %))) ; (NP (NP Paramount Communications) , (ADVP off (NP 10.3 %))) ; (NP (NP Woolworth) , (ADVP down (NP 10.2 %))) ; (NP (NP Delta Air Lines) , (ADVP down (NP 10.1 %))) , and (NP (NP MCA) , (ADVP down (NP 9.7 %))))) .)) (TOP (S (NP-SBJ (NP The market) (PRN -- and (NP investment bankers) --)) (VP are (ADJP-PRD (ADVP even less) sanguine (PP about (NP (NP companies) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP have (VP had (S (NP-SBJ (QP at least one) (NX (NX bid) , (NX merger agreement) or (NX restructuring plan))) (VP fall (PRT through) (ADVP already))))))))))) .)) (TOP (S (PP Given (NP (NP the weakness) (PP-LOC in (NP both (NP (NP the junk bond market) and (NP the stock market)))))) , (NP-SBJ traders) (VP fear (SBAR that (S (NP-SBJ-1 these transactions) (VP may (VP be (VP revised (NP *-1) (ADVP-TMP yet again))))))) .)) (TOP (S (NP-SBJ Examples) (VP include (NP (NP Kollmorgen) , (SBAR (WHNP-2 whose agreement (S (NP-SBJ-1 *) (VP to (VP be (VP acquired (NP *-1) (PP-CLR for (NP (NP $ 25 *U*) (NP-ADV a share))) (PP by (NP-LGS Vernitron))))))) (S (NP-SBJ *T*-2) (VP collapsed (NP-TMP last month)))))) .)) (TOP (S (NP-SBJ-1 Kollmorgen shares) (VP fell (NP-EXT (QP nearly 20) %) (PP-TMP on (NP Friday)) (S-CLR (NP-SBJ *-1) (VP to (VP close (PP-CLR at (NP (QP 12 7/8))))))) .)) (TOP (S (NP-SBJ (NP Ramada) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP (VP (ADVP-TMP first) delayed (NP *RNR*-3)) and (VP (ADVP-TMP then) shelved (NP *RNR*-3)) (NP-3 (NP a (ADJP (QP $ 400 million) *U*) junk bond sale) (SBAR (WHNP-2 that) (S (NP-SBJ-4 *T*-2) (VP was (VP designed (S (NP-SBJ *-4) (VP to (VP help (S (NP-SBJ *) (VP finance (NP a restructuring)))))))))))))) ,) (VP fell (NP-EXT 15.6 %) (S-CLR (NP-SBJ *) (VP to (VP close (PP-CLR at (NP (QP 9 1/2))))))) .)) (TOP (S (NP-SBJ Ramada) (VP (VP has (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP hopes (S (NP-SBJ *-1) (VP to (VP propose (NP a new restructuring plan))))))))) but (VP has n't (VP indicated (SBAR (WHADVP when) (S (NP-SBJ it) (VP will (VP do (ADVP-CLR so)))))))) .)) (TOP (S (NP-SBJ (NP Shares) (PP of (NP (NP American Medical International) , (SBAR (WHNP-1 which) (S (NP-SBJ-3 *T*-1) (VP agreed (NP-TMP last week) (S (NP-SBJ *-3) (VP to (VP accept (NP a lower price) (PP-CLR from (NP (NP a buy-out group) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP includes (NP (NP First Boston Corp.) and (NP (NP the Pritzker family) (PP of (NP Chicago)))))))))))))) ,)))) (VP fell (NP-EXT 15.8 %) (PP-TMP on (NP Friday)) (S-CLR (NP-SBJ *) (VP to (VP close (PP-CLR at (NP 20)))))) .)) (TOP (S (NP-SBJ The buy-out group) (VP is (VP offering (NP (NP $ 26.50 *U*) (NP-ADV a share)) (PP-CLR for (NP (QP 63 million) American Medical shares)) , (ADVP down (PP from (NP (NP its offer) (PP-TMP in (NP July)) (PP of (NP (NP $ 28 *U*) (NP-ADV a share))) (PP for (NP (QP 68.8 million) shares))))))) .)) (TOP (S But (NP-SBJ investment bankers) (VP say (SBAR 0 (S (NP-SBJ the market) (VP may (VP have (VP oversold (NP some takeover-related stocks))))))) .)) (TOP (S (NP-SBJ Hilton Hotels) , (PP for (NP example)) , (VP was (PP-LOC-PRD among (NP the worst-hit issues)) , (S-ADV (NP-SBJ *) (VP falling (NP-EXT 20.2 %) (S-CLR (NP-SBJ *) (VP to (VP close (PP-CLR at (NP 85)) , (ADVP down (NP (QP 21 1/2))))) (PP-TMP on (NP Friday)))))) .)) (TOP (S (NP-SBJ Hilton) (ADVP-TMP currently) (VP is (VP soliciting (NP bids) (PP-CLR for (NP (NP a sale) (PP of (NP (NP part or all) (PP of (NP its hotel and casino businesses)))))))) .)) (TOP (S (NP-SBJ (NP People) (ADJP familiar (PP with (NP Hilton)))) (VP said (PP-TMP over (NP the weekend)) (SBAR that (S (NP-SBJ (NP the depth) (PP of (NP (NP the sell-off) (PP-LOC in (NP Hilton shares))))) (VP was (ADJP-PRD unwarranted) (SBAR-PRP because (S (NP-SBJ (NP none) (PP of (NP the likely buyers))) (VP would (VP be (ADJP-PRD dependent (PP on (NP junk-bond financing))))))))))) .)) (TOP (S (ADVP However) , (NP-SBJ they) (VP conceded (SBAR that (S (NP-SBJ-1 some potential bidders) (VP (VP would (VP rely (PP-LOC-CLR on (NP bank loans)))) and (VP would (NP *-1) (VP be (VP hurt (SBAR-ADV if (S (NP-SBJ (NP the troubles) (PP of (NP the UAL buy-out group))) (VP signified (NP (NP a general unwillingness (S *ICH*-2)) (PP-LOC among (NP banks)) (S-2 (NP-SBJ *) (VP to (VP provide (NP credit) (PP-CLR for (NP debt-financed takeovers)))))))))))))))) .)) (TOP (S (NP-SBJ Hilton officials) (VP said (SBAR 0 (S (NP-SBJ they) (VP were n't (ADJP-PRD worried (PP about (NP (NP the drop) (PP-LOC in (NP (NP the company 's) stock))))))))) .)) (TOP (S (NP-SBJ (NP William Lebo) , (NP (NP Hilton 's) general counsel)) , (VP said (SBAR 0 (S (NP-SBJ plans (S (NP-SBJ *) (VP to (VP consider (NP (NP a sale) (PP of (NP (NP the company) or (NP (NP some) (PP of (NP its assets)))))))))) (VP are `` (PP-PRD on (NP track) '' (PP for (SBAR-NOM (WHNP-2 what) (S (NP-SBJ-1 *T*-2) (VP has (VP been (VP described (NP *-1) (ADVP-TMP previously) (PP-CLR as `` (NP a (ADJP slow and deliberate) process))))))))))))) . '')) (TOP (S `` (S-TPC-2 (NP-SBJ I) (VP ca n't (VP believe (SBAR that (S (NP-SBJ-1 (NP any potential buyer) (PP for (NP Hilton))) (VP would (VP be (VP affected (NP *-1) (PP by (NP-LGS (NP one day 's) trading)))))))))) , '' (NP-SBJ Mr. Lebo) (VP said (S *T*-2)) .)) (TOP (S But (NP-SBJ-1 (NP (NP the stock market) (PP as (NP a whole)))) , (S-ADV (NP-SBJ *-1) (VP bolstered (SBAR-MNR as (S (NP-SBJ it) (VP is (VP *?*)))) (PP by (NP-LGS takeover speculation)))) , (VP remains (ADJP-PRD vulnerable (PP to (NP (NP any further pullback) (PP by (NP takeover financiers)) , (PP-LOC both (PP in (NP the junkbond market)) and (PP among (NP commercial banks))))))) .)) (TOP (SINV (S-TPC-2 (PP For (NP debt-ridden suitors)) , `` (NP-SBJ the takeover game) (VP has (VP been (ADVP-PRD over) (PP-TMP for (NP some time))))) , '' (VP says (SBAR 0 (S *T*-2))) (NP-SBJ (NP New York money manager Neil Weisman) (PP of (NP Chilmark Capital)) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP has (VP been (VP keeping (NP (NP 85 %) (PP of (NP his portfolio))) (PP-CLR in (NP cash)))))))) .)) (TOP (S `` (NP-SBJ The market) (VP is (ADVP just) (VP waking (PRT up) (PP-CLR to (NP that point)))) . '')) (TOP (S (NP-SBJ (NP Pauline Yoshihashi) (PP-LOC in (NP Los Angeles))) (VP contributed (PP-CLR to (NP this column))) .)) (TOP (S (PP-TPC-1 Of (NP (NP all the one-time expenses) (VP incurred (NP *) (PP by (NP-LGS (NP a (NX (NX corporation) or (NX professional firm)))))))) , (NP-SBJ (NP few) (PP *T*-1)) (VP are (ADJP-PRD (ADJP (ADJP larger) or (ADJP longer term)) (PP than (NP (NP (NP the purchase) (PP of (NP real estate))) or (NP (NP the signing) (PP of (NP a commercial lease))))))) .)) (TOP (S (S-PRP (NP-SBJ *) (VP To (VP take (NP-CLR full advantage) (PP-CLR of (NP (NP the financial opportunities) (PP-LOC in (NP this commitment))))))) , (ADVP however) , (NP-SBJ (NP the (NX (NX corporation) or (NX professional firm)))) (VP must (VP do (NP (NP more) (PP than (VP negotiate (NP the best (NX (NX purchase price) or (NX lease terms)))))))) .)) (TOP (S (NP-SBJ It) (VP must (ADVP also) (VP evaluate (NP (NP the real-estate market) (PP-LOC in (NP the chosen location))) (PP-CLR from (NP a new perspective)))) .)) (TOP (S (ADVP Specifically) , (NP-SBJ it) (VP must (VP (VP understand (SBAR (WHADVP-1 how) (S (NP-SBJ real-estate markets) (VP overreact (PP-CLR to (NP (NP shifts) (PP-LOC in (NP regional economies)))) (ADVP-MNR *T*-1))))) and (VP (ADVP-TMP then) take (NP-CLR advantage) (PP-CLR of (NP these opportunities))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ a regional economy) (VP catches (NP cold) (ADVP-TMP *T*-1)))) , (NP-SBJ the local real-estate market) (VP gets (NP pneumonia)) .)) (TOP (S (PP In (NP other words)) , (NP-SBJ (NP real-estate market indicators) , (PP such as (NP (NP building permits) and (NP leasing activity))) ,) (VP plummet (ADVP (ADVP much further) (PP than (NP (NP a local economy) (PP in (NP recession)))))) .)) (TOP (S (NP-SBJ-1 This) (VP was (VP (VP seen (NP *-1) (PP-TMP-2 in (NP the late 1960s)) (PP-LOC-3 in (NP Los Angeles))) and (VP (NP-TMP=2 the mid-1970s) (PP-LOC=3 in (NP New York))))) .)) (TOP (S (S But (NP-SBJ the reverse) (VP is (ADVP also) (ADJP-PRD true))) : (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ (NP a region 's) economy) (VP rebounds (PP-CLR from (NP a slowdown)) (ADVP-TMP *T*-1)))) , (NP-SBJ these real-estate indicators) (VP will (VP rebound (ADVP (ADVP far faster) (PP than (NP the improving economy)))))) .)) (TOP (SBARQ (WHADVP-1 Why) (SQ do (NP-SBJ local real-estate markets) (VP overreact (PP-CLR to (NP regional economic cycles)) (ADVP-PRP *T*-1))) ?)) (TOP (SBAR-PRP Because (S (NP-SBJ real-estate purchases and leases) (VP are (NP-PRD (NP such major long-term commitments) (SBAR that (S (NP-SBJ-2 most companies and individuals) (VP make (NP these decisions) (SBAR-TMP (WHADVP-1 only when) (S (NP-SBJ *-2) (ADJP-PRD confident (PP of (NP future (NX (NX economic stability) and (NX growth))))) (ADVP-TMP *T*-1))))))))) .)) (TOP (S (NP-SBJ-1 Metropolitan Detroit) (VP was (VP written (NP *-1) (PRT off) (ADVP-MNR economically) (PP-TMP during (NP the early 1980s)) , (SBAR-TMP as (S (NP-SBJ the domestic auto industry) (VP suffered (NP a serious (NX (NX sales depression) and (NX adjustment)))))))) .)) (TOP (S (S (NP-SBJ Area employment) (VP dropped (PP-EXT by (NP 13 %)) (PP-DIR from (NP its 1979 peak)))) and (S (NP-SBJ retail sales) (VP were (ADVP-PRD down (NP 14 %)))) .)) (TOP (S (ADVP However) , (NP-SBJ-1 the real-estate market) (VP was (VP hurt (NP *-1) (ADVP even more))) .)) (TOP (S (PP For (NP example)) , (NP-SBJ residential building permits) (PP-TMP in (NP (NP the trough year) (PP of (NP 1982)))) (VP were (ADVP-PRD off (NP 76 %) (PP-TMP from (NP the 1979 peak level)))) .)) (TOP (S (SBAR-ADV Once (S (NP-SBJ (NP metropolitan Detroit 's) economy) (VP rallied (PP-TMP in (NP the mid-1980s))))) , (NP-SBJ real estate) (VP rebounded) .)) (TOP (S (NP-SBJ Building permits) , (PP for (NP example)) , (VP soared (NP a staggering 400 %) (PP-TMP between (NP 1982) and (NP (NP the peak year) (PP of (NP 1986))))) .)) (TOP (SBARQ (WHADVP-1 Where) (PRN , (S (NP-SBJ savvy corporations and professional firms) (VP are (ADVP-TMP now) (VP asking))) ,) (SQ (VP are (ADVP-LOC-PRD *T*-1)) (NP-SBJ (NP today 's) opportunities)) ?)) (TOP (S (NP-SBJ *) (VP Look (ADVP-CLR (ADVP no further) (PP than (NP (NP metropolitan Houston and Denver) , (NP (NP two) (PP of (NP (NP the (ADJP most (ADJP (ADJP depressed) , (ADJP overbuilt) and (ADJP potentially undervalued))) real-estate markets) (PP-LOC in (NP the nation))))))))) .)) (TOP (S (PP Of (NP course)) , (NP-SBJ some observers) (VP have (VP touted (NP Houston and Denver) (PP-TMP for (NP the past five years)) (PP-CLR as (NP a counter-cyclical play)))) .)) (TOP (S But (NP-SBJ-1 now) (VP appears (S (NP-SBJ *-1) (VP to (VP be (NP-PRD (NP the time) (SBAR (WHADVP-2 0) (S (NP-SBJ *) (VP to (VP act (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (NP-SBJ (NP Metropolitan Houston 's) economy) (VP did (VP (VP drop) and (VP (ADVP-TMP then) flatten))) (PP in (NP (NP the years) (PP-TMP after (NP its 1982 peak)))) .)) (TOP (S (PP-TMP In (NP the mid-1980s)) , (S (NP-SBJ employment) (VP was (ADVP-PRD down (NP (QP as much as 5) %) (PP-TMP from (NP the 1982 peak))))) and (S (NP-SBJ retail sales) (VP were (ADVP-PRD off (NP 13 %)))) .)) (TOP (S (NP-SBJ The real-estate market) (VP suffered (NP (ADJP (ADVP even more) severe) setbacks)) .)) (TOP (S (NP-SBJ Office construction) (VP dropped (NP-EXT 97 %)) .)) (TOP (S (S (NP-SBJ The vacancy rate) (VP soared (NP-EXT (QP more than 20) %) (PP-LOC in (NP (ADJP nearly every) product category)))) , and (S (NP-SBJ (NP (QP more than 30) %) (PP of (NP office space))) (VP was (ADJP-PRD vacant))) .)) (TOP (S (PP To (NP some observers)) , (NP-SBJ (NP the empty office buildings) (PP of (NP (NP Houston 's) `` see-through skyline ''))) (VP were (ADJP-PRD indicative (PP of (NP a (ADJP very troubled) economy)))) .)) (TOP (S (PP As (ADJP usual)) , (NP-SBJ the real-estate market) (VP had (VP overreacted)) .)) (TOP (S (ADVP Actually) , (NP-SBJ (NP the region 's) economy) (VP retained (NP a firm foundation)) .)) (TOP (S (NP-SBJ-1 (NP Metropolitan Houston 's) population) (VP has (VP held (S-CLR (NP-SBJ *-1) (ADVP-PRD steady)) (PP-TMP over (NP the past six years)))) .)) (TOP (S And (NP-SBJ personal income) , (PP-TMP after (S-NOM (NP-SBJ *) (VP slumping (PP-TMP in (NP the mid-1980s))))) , (VP has (VP returned (PP-CLR to (NP (NP its 1982 level) (PP in (NP real dollar terms)))))) .)) (TOP (S (NP-TMP Today) , (NP-SBJ (NP metropolitan Houston 's) real-estate market) (VP is (ADJP-PRD poised (PP for (NP a significant turnaround)))) .)) (TOP (S (NP-SBJ-2 (NP (QP More than 42,000)) jobs) (VP were (VP added (NP *-2) (PP-LOC-CLR in (NP metro Houston)) (NP-TMP last year) , (PP-LOC (ADVP primarily) in (NP (NP biotechnology) , (NP petrochemical processing) , and (NP the computer industry))))) .)) (TOP (S (NP-SBJ This growth) (VP puts (NP Houston) (PP-PUT in (NP (NP the top five metro areas) (PP-LOC in (NP the nation)) (NP-TMP last year)))) .)) (TOP (S And (NP-SBJ forecasts) (VP project (NP (NP a (QP (ADJP (QP 2.5 % to 3 %)) *U*) growth rate) (PP-LOC in (NP jobs)) (PP-TMP over (NP the next few years)) -- (NP-ADV (QP nearly twice) the national average))) .)) (TOP (S (NP-SBJ Denver) (VP is (NP-PRD (NP another metropolitan area) (SBAR (WHADVP-1 where) (S (NP-SBJ the commercial real-estate market) (VP has (VP overreacted (PP-CLR to (NP (NP the region 's) economic trends) (ADVP-LOC *T*-1))))))) , (SBAR-ADV although (S (NP-SBJ Denver) (VP has not (VP experienced (NP (NP (ADJP as severe) an economic downturn) (PP as (NP Houston)))))))) .)) (TOP (S (PP By (NP some measures)) , (NP-SBJ (NP metropolitan Denver 's) economy) (VP has (ADVP actually) (VP improved (PP-TMP in (NP the past four years)))) .)) (TOP (S (NP-SBJ-1 Its population) (VP has (VP continued (S (NP-SBJ *-1) (VP to (VP increase))) (PP-TMP since (NP (NP 1983) , (NP (NP the peak year) (PP of (NP the economic cycle))))))) .)) (TOP (S (NP-SBJ Employment) (VP is (ADVP-TMP now) (ADJP-PRD (ADJP (QP 4 %) higher) (PP than (PP in (NP 1983))))) .)) (TOP (S (NP-SBJ (NP Buying income) (PP in (NP real dollars))) (ADVP actually) (VP increased (NP-EXT 15 %) (PP-TMP between (NP 1983) and (NP (NP 1987) (PRN -LRB- (NP (NP the (ADJP most recent) year) (ADJP available)) -RRB-)))) .)) (TOP (S (S (NP-SBJ (NP The rates) (PP of (NP increase))) , (ADVP however) , (VP are (NP-PRD (NP less) (PP than (NP (NP the rapid growth) (PP of (NP the boom years))))))) , and (S (NP-SBJ this) (VP has (VP resulted (PP-CLR in (NP (NP a loss) (PP of (NP (NP confidence) (PP-LOC in (NP the economy))))))))) .)) (TOP (S (PP-LOC In (NP a self-fulfilling prophecy)) , (ADVP therefore) , (NP-SBJ (NP the region 's) real-estate market) (VP (ADVP all but) collapsed (PP-TMP in (NP recent years))) .)) (TOP (S (NP-SBJ Housing building permits) (VP are (ADVP-PRD down (NP (QP more than 75) %) (PP-TMP from (NP their 1983 peaks)))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ no one) (VP can (VP predict (SBAR (WHADVP-1 when) (S (NP-SBJ (NP metropolitan Denver 's) real-estate market) (VP will (VP rebound (ADVP-TMP *T*-1))))))))) , (NP-SBJ-3 (NP (NP major public works projects) (VP costing (NP several billion dollars)) (PP *ICH*-2))) (VP are (UCP-PRD (PP under (NP way)) or (VP planned (NP *-3))) -- (PP-2 such as (NP (NP a new convention center) , (NP (NP a major beltway) (VP encircling (NP the metropolitan area))) , and (NP a new regional airport)))) .)) (TOP (S (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ-1 (NP Denver 's) regional economy) (VP begins (S (NP-SBJ *-1) (VP to (VP grow (ADVP-MNR faster) (ADVP-TMP *T*-2)))) (PRN -- (S (NP-SBJ such a recovery) (VP could (VP occur (ADVP-TMP-CLR (ADVP as early) (PP as (NP next year)))))) --)))) (NP-SBJ (NP business) and (NP consumer confidence)) (VP will (VP return))) , and (S (NP-SBJ (NP the resulting explosion) (PP of (NP real-estate activity))) (VP will (VP dwarf (NP the general economic rebound)))) .)) (TOP (SBARQ (WHNP-2 What real-estate strategy) (SQ should (NP-SBJ one) (VP follow (NP *T*-2) (PP-LOC in (NP (NP a metropolitan area) (SBAR (WHNP-1 whose economic health) (S (NP-SBJ *T*-1) (VP is not (ADJP-PRD (ADJP as easy (SBAR (WHNP-3 0) (S (NP-SBJ *) (VP to (VP determine (NP *T*-3)))))) (PP as (NP (NP Houston 's) or (NP Denver 's))))))))))) ?)) (TOP (S (ADVP Generally) , (NP-SBJ (NP overcapacity) (PP-LOC in (NP commercial real estate))) (VP is (VP dropping (PP-DIR from (NP its mid-1980s peak)) , (PP (VP even) in (NP (NP such (ADJP economically healthy) metropolitan areas) (PP as (NP (NP Washington) , (NP New York) and (NP Los Angeles))))))) .)) (TOP (S (NP-SBJ (NP Vacancy rates) (PP-LOC in (NP the (ADJP (QP 15 % to 19 %) *U*) range))) (NP-TMP today) (VP may (VP (ADVP-MNR easily) rise (PP-DIR to (NP the (ADJP (QP low to mid-20) %) range)) (PP-TMP in (NP (NP a couple) (PP of (NP years)))))) .)) (TOP (S (PP-LOC Under (NP these conditions)) , (NP-SBJ (NP (NP even a flattening out) (PP of (NP economic growth)) (PRN -- `` (S-NOM (NP-SBJ *) (VP catching (NP cold))) '' --) (PP-LOC in (NP the healthy metropolitan areas)))) (VP will (VP create (NP (NP significant opportunities) (PP for (NP (NP (NP corporations) and (NP professional service firms)) (VP looking (PP-CLR for (NP bargains)) (SBAR-TMP as (S (NP-SBJ the realestate industry) (VP catches (NP pneumonia)))))))))) .)) (TOP (S (S (NP-SBJ (NP Those) (VP looking (PP-CLR for (NP real-estate bargains)) (PP-LOC in (NP distressed metropolitan areas)))) (VP should (VP (VP lock (PRT in) (NP leases)) or (VP buy (ADVP-TMP now))))) ; (S (NP-SBJ (NP those) (VP looking (PP-LOC in (NP healthy metropolitan areas)))) (VP should (VP (VP take (NP a (ADJP (ADJP short-term) (PRN -LRB- (ADJP three-year) -RRB-)) lease)) and (VP wait (PP-CLR for (NP (NP the bargains) (ADVP ahead))))))) .)) (TOP (S (NP-SBJ Mr. Leinberger) (VP is (NP-PRD (NP managing partner) (PP of (NP (NP a real-estate advisory firm) (VP based (NP *) (PP-LOC-CLR in (NP (NP Beverly Hills) , (NP Calif)))))))) .)) (TOP (S (NP-SBJ Kysor Industrial Corp.) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ its third-quarter net earnings) (VP to (VP be (NP-PRD (NP (NP (QP between two cents and four cents) *U*) (NP-ADV a share)) , (PP compared (PP with (NP (NP 61 cents) (NP-ADV a share) (ADVP-TMP (NP a year) ago)))))))))))) .)) (TOP (S (NP-SBJ Analysts) (VP had (VP been (VP projecting (SBAR that (S (NP-SBJ (NP the company 's) earnings) (VP would (VP be (PP-PRD (NP (QP between 25 cents and 30 cents) *U*) (NP-ADV a share))))))))) .)) (TOP (S (NP-SBJ The year-earlier third-quarter earnings) (VP amounted (PP-CLR to (NP (QP $ 4.1 million) *U*))) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ (NP a drop) (PP-LOC in (NP (NP activity) (PP-LOC in (NP the powerboat industry))))) (VP reduced (NP (NP sales volume) (PP-LOC at (NP its two marine-related operations))))))) .)) (TOP (S (ADVP Also) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ-1 its commercial products operation) (VP failed (S (NP-SBJ *-1) (VP to (VP meet (NP forecasts)))))))) .)) (TOP (S (NP-SBJ (NP Kysor) , (NP (NP a maker) (PP of (NP heavy-duty truck and commercial refrigeration equipment))) ,) (VP said (SBAR 0 (S (NP-SBJ it) (VP expects (S (NP-SBJ its fourth-quarter earnings) (VP to (VP be (PP-PRD (ADVP more closely) in (NP (NP line) (PP with (NP (NP usual levels) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP are (NP-PRD (NP (QP between 30 cents and 50 cents) *U*) (NP-ADV a share)))))))))))))))) .)) (TOP (S (NP-SBJ Common Cause) (VP asked (NP-2 both (NP (NP the Senate Ethics Committee) and (NP the Justice Department))) (S (NP-SBJ *-2) (VP to (VP investigate (NP (NP (QP $ 1 million) *U*) (PP in (NP (NP political gifts) (PP by (NP Arizona businessman Charles Keating)) (PP to (NP (NP five U.S. senators) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP interceded (PP-CLR with (NP thrift-industry regulators)) (PP-CLR for (NP him)))))))))))))) .)) (TOP (S (NP-SBJ Mr. Keating) (VP is (ADVP-TMP currently) (NP-PRD (NP the subject) (PP of (NP (NP a (ADJP (QP $ 1.1 billion) *U*) federal anti-racketeering lawsuit) (VP accusing (NP him) (PP-CLR of (S-NOM (NP-SBJ *) (VP (VP bleeding (PRT off) (NP (NP assets) (PP of (NP (NP (NP a California thrift) (SBAR (WHNP-1 0) (S (NP-SBJ he) (VP controlled (NP *T*-1))))) , (NP Lincoln Savings & Loan Association) ,)))) and (VP driving (NP it) (PP-DIR into (NP insolvency))))))))))) .)) (TOP (S (NP-SBJ (NP Fred Wertheimer) (PRN -- (NP (NP president) (PP of (NP (NP Common Cause) , (NP the self-styled citizens lobby)))) --)) (VP said (SBAR 0 (S (NP-SBJ-1 Mr. Keating) (ADVP-TMP already) (VP has (VP conceded (S (NP-SBJ-2 *-1) (VP attempting (S (NP-SBJ *-2) (VP to (VP buy (NP (NP influence) (PP with (NP (NP the lawmakers) -- (NP Democratic Sens. (NAC Dennis DeConcini (PP of (NP Arizona))) , (NAC Alan Cranston (PP of (NP California))) , (NAC John Glenn (PP of (NP Ohio))) and (NAC Donald Riegle (PP of (NP Michigan))) ; and (NP GOP Sen. (NAC John McCain (PP of (NP Arizona)))))))))))))))))) .)) (TOP (S (NP-SBJ Mr. Wertheimer) (VP based (NP this) (PP-LOC-CLR on (NP (NP a statement) (PP by (NP Mr. Keating)) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP was (VP quoted (NP *-1) (PP-LOC in (NP a Wall Street Journal story)) (PP-TMP in (NP April))))))))) : `` (S (NP-SBJ-3 One question) ... (VP had (S (NP-SBJ *-3) (VP to (VP do))) (PP-CLR with (SBAR whether (S (NP-SBJ my financial support) (PP-MNR in (NP any way)) (VP influenced (S (NP-SBJ several political figures) (VP to (VP take (PRT up) (NP my cause)))))))))) .)) (TOP (S (NP-SBJ-1 I) (VP want (S (NP-SBJ *-1) (VP to (VP say (PP-MNR in (NP (NP the (ADJP most forceful) way) (SBAR (WHADVP-2 0) (S (NP-SBJ I) (VP can (VP *?* (ADVP-MNR *T*-2))))))) : (SBAR 0 (S (NP-SBJ I) (ADVP certainly) (VP hope (ADVP-CLR so)))))))) . '')) (TOP (S (PP-LOC In (NP (NP a (ADJP highly unusual) meeting) (PP-LOC in (NP (NP Sen. DeConcini 's) office)) (PP-TMP in (NP April 1987)))) , (NP-SBJ the five senators) (VP asked (NP-1 federal regulators) (S (NP-SBJ *-1) (VP to (VP ease (PRT up) (PP-LOC-CLR on (NP Lincoln)))))) .)) (TOP (S (PP According (PP to (NP (NP notes) (VP taken (NP *) (PP by (NP-LGS (NP one) (PP of (NP (NP the participants) (PP-LOC at (NP the meeting)))))))))) , (NP-SBJ the regulators) (VP said (SBAR 0 (S (NP-SBJ Lincoln) (VP (VP was (VP gambling (ADVP-MNR dangerously) (PP-CLR with (NP (NP depositors ') (ADJP federally insured) money)))) and (VP was `` (NP-PRD a ticking time bomb)))))) . '')) (TOP (S (NP-SBJ Mr. Keating) (VP had (VP complained (SBAR that (S (NP-SBJ the regulators) (VP were (VP being (ADJP-PRD too zealous))))))) .)) (TOP (S (NP-SBJ The notes) (VP show (SBAR (SBAR that (S (NP-SBJ Sen. DeConcini) (VP called (S (NP-SBJ (NP the Federal Home Loan Bank Board 's) regulations) (ADJP-PRD `` grossly unfair))))) , '' and (SBAR that (S (NP-SBJ Sen. Glenn) (VP insisted (SBAR that (S (NP-SBJ (NP Mr. Keating 's) thrift) (VP was `` (ADJP-PRD viable and profitable))))))))) . '')) (TOP (S (PP-TMP For (NP the next two years)) , (NP-SBJ-2 (NP the Bank Board) , (SBAR (WHNP-1 which) (S (PP-TMP at (NP the time)) (NP-SBJ *T*-1) (VP was (NP-PRD (NP the agency) (ADJP responsible (PP for (S-NOM (NP-SBJ *) (VP regulating (NP thrifts))))))))) ,) (VP failed (S (NP-SBJ *-2) (VP to (VP act))) -- (SBAR-TMP (ADVP even) after (S (NP-SBJ federal auditors) (VP warned (PP-TMP in (NP May 1987)) (SBAR that (S (NP-SBJ Mr. Keating) (VP had (VP caused (S (NP-SBJ Lincoln) (VP to (VP become (ADJP-PRD insolvent)))))))))))) .)) (TOP (S (S (NP-SBJ (NP (NP Lincoln 's) parent company) , (NP American Continental Corp.) ,) (VP entered (NP bankruptcy-law proceedings) (NP-TMP this April 13))) , and (S (NP-SBJ regulators) (VP seized (NP the thrift) (NP-TMP the next day))) .)) (TOP (S (NP-SBJ (NP The (ADJP newly formed) Resolution Trust Corp.) , (NP (NP successor) (PP to (NP the Bank Board))) ,) (VP filed (NP suit) (PP-CLR against (NP (NP Mr. Keating) and (NP several others))) (PP-TMP on (NP Sept. 15))) .)) (TOP (S (NP-SBJ Mr. Keating) (VP has (VP filed (NP his own suit) , (S-ADV (NP-SBJ *) (VP alleging (SBAR that (S (NP-SBJ-1 his property) (VP was (VP taken (NP *-1) (ADVP-MNR illegally))))))))) .)) (TOP (S (NP-SBJ-1 (NP The cost) (PP to (NP taxpayers)) (PP of (NP (NP Lincoln 's) collapse))) (VP has (VP been (VP estimated (NP *-1) (PP-CLR at (NP (NP as much) (PP as (NP $ 2.5 billion *U*))))))) .)) (TOP (S (NP-SBJ (NP Details) (PP of (NP the affair))) (VP have (VP become (ADJP-PRD public) (ADVP-MNR gradually) (PP-TMP over (NP the past two years)) , (PP-PRP (ADVP mostly) as (NP (NP a result) (PP of (NP (NP reporting) (PP by (NP several newspapers)))))))) .)) (TOP (S (PP-LOC In (NP (NP the midst) (PP of (NP his 1988 re-election campaign)))) , (NP-SBJ (NP Sen. Riegle) , (NP (NP chairman) (PP of (NP the Senate Banking Committee))) ,) (VP returned (NP (NP $ 76,000 *U*) (PP in (NP contributions))) (SBAR-TMP after (S (NP-SBJ a Detroit newspaper) (VP said (SBAR that (S (NP-SBJ Mr. Keating) (VP had (VP gathered (NP the money) (PP for (NP him)) (PP-TMP (NP about two weeks) before (NP (NP the meeting) (PP with (NP regulators)))))))))))) .)) (TOP (S (NP-SBJ Sen. DeConcini) , (PP-TMP after (NP (NP months) (PP of (S-NOM (NP-SBJ *) (VP fending (PRT off) (NP intense press criticism)))))) , (VP returned (NP $ 48,000 *U*) (NP-TMP only last month) , (SBAR-TMP (ADVP shortly) after (S (NP-SBJ the government) (VP (ADVP-MNR formally) accused (NP Mr. Keating) (PP-CLR of (NP (S (NP-SBJ *) (VP defrauding (NP Lincoln))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ Sen. McCain) (NP-TMP last week) (VP disclosed (SBAR that (S (NP-SBJ he) (ADVP-MNR belatedly) (VP had (VP paid (NP $ 13,433 *U*) (PP-DTV to (NP American Continental)) (PP-CLR as (NP (NP reimbursement) (PP for (NP (NP trips) (SBAR (WHNP-1 0) (S (NP-SBJ (NP he) and (NP his family)) (VP took (NP *T*-1) (PP-LOC-CLR aboard (NP the corporate jet)) (PP-DIR to (NP (NP (NP Mr. Keating 's) vacation home) (PP-LOC at (NP (NP Cat Cay) , (NP the Bahamas))))) , (PP-TMP (PP from (NP 1984)) (PP through (NP 1986))))))))))))))) .)) (TOP (S (NP-SBJ Sen. McCain) (VP said (SBAR (SBAR 0 (S (NP-SBJ-1 he) (VP had (VP meant (S (NP-SBJ *-1) (VP to (VP pay (PP-CLR for (NP the trips)) (PP-TMP at (NP the time))))))))) but (SBAR that (S (NP-SBJ the matter) `` (VP fell (PP-LOC-CLR between (NP the cracks))))))) . '')) (TOP (S (NP-SBJ (NP Mr. Keating) , (NP his family members) and (NP associates)) (ADVP also) (VP donated (NP $ 112,000 *U*) (PP-CLR to (NP (NP Sen. McCain 's) congressional campaigns)) (PP-TMP over (NP the years)) , (PP according (PP to (NP press accounts)))) .)) (TOP (S But (NP-SBJ Sen. McCain) (VP says (SBAR 0 (S (NP-SBJ Mr. Keating) (VP broke (PRT off) (NP their friendship) (ADVP-MNR abruptly) (PP-TMP in (NP 1987)) , (SBAR-PRP because (S (NP-SBJ-1 the senator) (VP refused (S (NP-SBJ *-1) (VP to (VP press (NP (NP the thrift executive 's) case) (ADVP-MNR (ADVP as vigorously) (SBAR as (S (NP-SBJ Mr. Keating) (VP wanted (S *?*))))))))))))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ He) (VP (VP became (ADJP-PRD very angry (PP at (NP that)))) , (VP left (NP my office)) and (VP told (NP (NP a number) (PP of (NP people))) (SBAR that (S (NP-SBJ I) (VP was (NP-PRD a wimp))))))) , '' (NP-SBJ Sen. McCain) (VP recalls (S *T*-1)) .)) (TOP (S (PP-TMP In (NP July)) , (NP-SBJ California newspapers) (VP disclosed (SBAR that (S (NP-SBJ Mr. Keating) (VP gave (NP (NP $ 850,000 *U*) (PP in (NP corporate funds))) (PP-DTV to (NP three tax-exempt voter registration organizations)) (PP-TMP in (NP 1987 and 1988)) (PP at (NP (NP the behest) (PP of (NP (NP Sen. Cranston) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP conceded (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP soliciting (NP the money))) (VP was `` (NP-PRD (NP a (ADJP pretty stupid) thing) (SBAR (WHNP-2 0) (S (NP-SBJ *) (VP to (VP do (NP *T*-2)))))) (ADVP politically))))))))))))))) . '')) (TOP (S (PP In (NP addition)) , (S (NP-SBJ Sen. Cranston) (VP received (NP (NP $ 47,000 *U*) (PP in (NP campaign donations))) (PP-MNR through (NP Mr. Keating)))) , and (S (NP-SBJ the California Democratic party) (VP received (NP (NP $ 85,000 *U*) (PP in (NP (NP corporate donations) (PP for (NP a 1986 get-out-the-vote drive)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP benefited (NP (NP the senator 's) re-election campaign) (NP-TMP that year))))))))) .)) (TOP (S (ADVP Also) (PP-TMP in (NP July)) , (NP-SBJ Ohio newspapers) (VP disclosed (NP (NP $ 200,000 *U*) (PP in (NP (NP corporate donations) (PP by (NP Mr. Keating)) (PP to (NP (NP (NP the National Council) (PP on (NP Public Policy))) , (NP (NP a political committee) (VP controlled (NP *) (PP by (NP-LGS Sen. Glenn)))))))))) .)) (TOP (S (NP-SBJ That) (VP was (PP-PRD in (NP (NP addition) (PP to (NP (NP $ 34,000 *U*) (PP in (NP (NP direct campaign donations) (VP arranged (NP *) (PP by (NP-LGS Mr. Keating))) (PP to (NP the Ohio senator))))))))) .)) (TOP (S (NP-SBJ Mr. Wertheimer) (VP said (SBAR 0 (S (NP-SBJ the Senate Ethics Committee) (VP should (VP hire (NP-2 a special outside counsel) (S-CLR (NP-SBJ *-2) (VP to (VP conduct (NP an investigation)))) , (SBAR-ADV as (S (NP-SBJ *) (VP was (VP done (PP-LOC in (NP (NP the case) (PP of (NP former House Speaker James Wright))))))))))))) .)) (TOP (S (NP-SBJ (NP Wilson Abney) , (NP (NP staff director) (PP of (NP the ethics panel))) ,) (VP would n't (VP comment)) .)) (TOP (S (NP-SBJ Sen. Riegle) (VP said (SBAR (SBAR 0 (S (NP-SBJ he) (VP would (VP cooperate (PP-CLR with (NP any inquiry)))))) , but (SBAR that (S (NP-SBJ his conduct) (VP had (VP been `` (ADJP-PRD entirely proper))))))) . '')) (TOP (S (NP-SBJ Sen. McCain) (VP said (SBAR 0 (S (NP-SBJ he) (VP had (VP (VP been `` (ADJP-PRD deeply concerned (SBAR *ICH*-2)) '' (PP-TMP at (NP (NP the time) (PP of (NP the meeting)))) (SBAR-2 that (S (NP-SBJ-1 it) (VP might (VP seem (S (NP-SBJ *-1) (VP to (VP be (ADJP-PRD improper))))))))) , but (VP decided (SBAR 0 (S (NP-SBJ it) (VP was `` (ADJP-PRD entirely appropriate '' (SBAR for (S (NP-SBJ him) (VP to (VP seek (NP (NP fair treatment) (PP for (NP a constituent))))))))))))))))) .)) (TOP (S (NP-SBJ Sen. Glenn) (VP said (S (SBAR 0 (S (NP-SBJ he) (VP had (ADVP-TMP already) (VP made (NP (NP a complete disclosure) (PP of (NP (NP his role) (PP-LOC in (NP the affair))))))))) and `` (S (NP-SBJ I) (VP am (ADJP-PRD completely satisfied (S (NP-SBJ *) (VP to (VP let (S (NP-SBJ this matter) (VP rest (PP-LOC-CLR in (NP (NP the hands) (PP of (NP the Senate Ethics Committee)))))))))))))) . '')) (TOP (S (NP-SBJ Sen. DeConcini) (VP said , `` (S (SBAR-TMP (WHADVP-2 When) (S (NP-SBJ all) (VP is (VP said and done (ADVP-TMP *T*-2))))) , (NP-SBJ-3 I) (VP expect (S (NP-SBJ-1 *-3) (VP to (VP be (ADVP fully) (VP exonerated (NP *-1)))))))) . '')) (TOP (S (NP-SBJ (NP Sen. Cranston) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP had (ADVP-TMP already) (VP volunteered (NP his help) (PP-CLR to (NP (NP the Federal Bureau) (PP of (NP Investigation)))) (PP-LOC in (NP (NP any investigation) (PP of (NP Mr. Keating)))))))) ,) (VP portrayed (NP (NP his role) (PP-TMP in (NP 1987))) (PP-CLR as (NP (S (NP-SBJ *) (VP prodding (S (NP-SBJ regulators) (VP to (VP act)))))))) .)) (TOP (S `` (SBARQ-TPC-1 (WHADVP-2 Why) (SQ did n't (NP-SBJ the Bank Board) (VP act (ADVP-TMP-CLR sooner) (ADVP-PRP *T*-2)))) ? '' (NP-SBJ he) (VP said (SBARQ *T*-1)) .)) (TOP (S `` (NP-SBJ That) (VP is (SBAR-PRD (WHNP-2 what) (S (NP-SBJ Common Cause) (VP should (VP ask (SBAR 0 (S (NP-SBJ-1 *T*-2) (VP be (VP investigated (NP *-1)))))))))) .)) (TOP (S (NP-SBJ Trinity Industries Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP reached (NP a preliminary agreement (S (NP-SBJ *) (VP to (VP manufacture (NP 1,000 coal rail cars) (PP for (NP Norfolk Southern Corp)))))))))) .)) (TOP (S (NP-SBJ Trinity) (VP estimated (NP (NP the value) (PP of (NP the pact))) (PP-CLR at (NP (QP more than $ 40 million) *U*))) .)) (TOP (S (NP-SBJ Trinity) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP plans (S (NP-SBJ *-1) (VP to (VP begin (NP (NP delivery) (PP of (NP the rail cars))) (PP-TMP in (NP (NP the first quarter) (PP of (NP 1990))))))))))) .)) (TOP (S (NP-SBJ It) (VP said (SBAR 0 (S (NP-SBJ the 1,000 rail cars) (VP are (PP-PRD in (NP (NP addition) (PP to (NP (NP the 1,450 coal rail cars) (VP (ADVP-TMP presently) being (VP produced (PP-CLR for (NP (NP Norfolk Southern) , (NP a (ADJP Norfolk , Va.-based) railroad concern))))))))))))) .)) (TOP (S (SBAR-TMP (WHADVP-1 When) (S (NP-SBJ China) (VP opened (NP its doors) (PP-CLR to (NP foreign investors)) (PP-TMP in (NP 1979)) (ADVP-TMP *T*-1)))) , (NP-SBJ (NP toy makers) (PP from (NP Hong Kong))) (VP were (PP-LOC-PRD among (NP (NP the first) (SBAR (WHNP-2 0) (S (NP-SBJ *T*-2) (VP to (VP march (ADVP-DIR in)))))))) .)) (TOP (S (NP-TMP Today) , (PP with (S-NOM (NP-SBJ-1 (NP (QP about 75) %) (PP of (NP (NP the companies ') products))) (VP being (VP made (NP *-1) (PP-LOC in (NP China)))))) , (NP-SBJ (NP (NP the chairman) (PP of (NP the Hong Kong Toys Council))) , (NP Dennis Ting) ,) (VP has (VP suggested (NP (NP a new sourcing label) : `` (VP-TTL Made (NP *) (PP-LOC in (NP China)) (PP by (NP-LGS Hong Kong Companies)))))) . '')) (TOP (S (NP-SBJ-1 The toy makers) (VP were (VP pushed (NP *-1) (PP-DIR across (NP the border)) (PP by (NP-LGS (NP rising labor and land costs) (PP-LOC in (NP the British colony)))))) .)) (TOP (S But (PP in (NP (NP the wake) (PP of (NP (NP the shootings) (PP-LOC in (NP Beijing)) (PP-TMP on (NP June 4)))))) , (NP-SBJ the Hong Kong toy industry) (VP is (VP worrying (PP-CLR about (NP (NP its strong dependence) (PP-LOC on (NP China)))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ the manufacturers) (VP stress (SBAR that (S (NP-SBJ-1 production) (VP has n't (VP been (VP affected (NP *-1) (PP by (NP-LGS (NP China 's) political turmoil)))))))))) , (NP-SBJ they) (VP are (VP looking (PP-CLR for (NP additional sites)))) .)) (TOP (S (NP-SBJ (NP The toy makers) , and (NP their foreign buyers) ,) (VP cite (NP (NP uncertainty) (PP about (NP (NP China 's) (ADJP economic and political) policies)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ-2 Nobody) (VP wants (S (NP-SBJ *-2) (VP to (VP have (NP all his eggs) (PP-CLR in (NP one basket))))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP David Yeh) , (NP (NP (NP chairman) and (NP chief executive officer)) (PP of (NP International Matchbox Group Ltd)))) .)) (TOP (S (ADVP Indeed) , (NP-SBJ (NP Matchbox) and (NP other leading Hong Kong toy makers)) (VP were (VP setting (PRT up) (NP factories) (PP-LOC (PP in (NP Southeast Asia)) , (PP (ADVP especially) in (NP Thailand))) , (PP-TMP (ADVP long) before (NP the massacre)))) .)) (TOP (S (NP-SBJ-1 Their steps) (VP were (ADVP partly) (VP prompted (NP *-1) (PP-LGS by (NP (NP concern) (PP over (NP (NP a deterioration) (PP of (NP (NP business conditions) (PP-LOC in (NP southern China)))))))))) .)) (TOP (S (S-TPC-2 (PP-MNR By (S-NOM (NP-SBJ *) (VP diversifying (NP supply sources)))) , (NP-SBJ-1 the toy makers) (VP do n't (VP intend (S (NP-SBJ *-1) (VP to (VP withdraw (PP-CLR from (NP China)))))))) , (NP-SBJ (NP manufacturers) and (NP foreign buyers)) (VP say (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ (NP It) (S *EXP*-1)) (VP would n't (VP be (ADJP-PRD easy) (S-1 (NP-SBJ *) (VP to (VP duplicate (ADVP-MNR quickly) (NP (NP the manufacturing capacity) (VP built (PRT up) (PP-LOC in (NP southern China)) (PP-TMP during (NP the past decade))))))))) .)) (TOP (S (NP-SBJ (NP (NP A supply) (PP of (NP cheap labor))) and (NP (NP the access) (PP to (NP (NP Hong Kong 's) (NX port) , (NX airport) , (NX banks) and (NX (NX support industries) , (PP such as (NP printing companies)) ,))))) (VP have (VP made (S (NP-SBJ (NP China 's) Guangdong province) (NP-PRD a premier manufacturing site)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ South China) (VP is (NP-PRD (NP the (ADJP most competitive) source) (PP of (NP toys)) (PP-LOC in (NP the world))))) , '' (VP says (S *T*-1)) (NP-SBJ (NP Henry Hu) , (NP (NP executive director) (PP of (NP Wah Shing Toys Consolidated Ltd)))) .)) (TOP (S (NP-SBJ Hong Kong trade figures) (VP illustrate (NP (NP (NP the toy makers ') reliance) (PP-LOC on (NP (NP factories) (PP-LOC across (NP the border)))))) .)) (TOP (S (PP-TMP In (NP 1988)) , (NP-SBJ (NP exports) (PP of (NP (ADJP domestically produced) toys and games))) (VP fell (NP-EXT (NP 19 %) (PP from (NP 1987))) , (PP-DIR to (NP (NP (QP HK$ 10.05 billion) *U*) (PRN -LRB- (NP (QP US$ 1.29 billion) *U*) -RRB-)))) .)) (TOP (S But (NP-SBJ (NP re-exports) , (PP (ADVP mainly) from (NP China)) ,) (VP jumped (NP-EXT 75 %) , (PP-DIR to (NP (QP HK$ 15.92 billion) *U*))) .)) (TOP (S (PP-TMP In (NP (NP 1989 's) first seven months)) , (NP-SBJ domestic exports) (VP fell (NP-EXT 29 %) , (PP-DIR to (NP (QP HK$ 3.87 billion) *U*)) , (SBAR-TMP while (S (NP-SBJ re-exports) (VP rose (NP-EXT 56 %) , (PP-DIR to (NP (QP HK$ 11.28 billion) *U*)))))) .)) (TOP (S (NP-SBJ Manufacturers) (VP say (SBAR 0 (S (NP-SBJ there) (VP is (NP-PRD (NP no immediate substitute) (PP for (NP (NP southern China) , (SBAR (WHADVP-2 where) (S (NP-SBJ-1 an estimated 120,000 people) (VP are (VP employed (NP *-1) (PP by (NP-LGS the toy industry) (ADVP-LOC *T*-2))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (PP-TMP For (NP the next few years)) , (S-ADV (NP-SBJ *) (VP (VP like (NP it)) or (X not))) , (NP-SBJ-1 China) (VP is (VP going (S (NP-SBJ *-1) (VP to (VP be (NP-PRD the main supplier))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Edmund Young) , (NP (NP vice president) (PP of (NP (NP Perfecta Enterprises Ltd.) , (NP (NP one) (PP of (NP (NP the first big Hong Kong toy makers) (SBAR (WHNP-3 0) (S (NP-SBJ *T*-3) (VP to (VP move (PP-DIR across (NP the border))))))))))))) .)) (TOP (S (PP-TMP In (NP the meantime)) , (SBAR-TMP as (S (NP-SBJ manufacturers and buyers) (VP seek (NP new sites)))) , (NP-SBJ they) (VP are (VP focusing (ADVP mainly) (PP-LOC-CLR on (NP Southeast Asia)))) .)) (TOP (S (NP-SBJ Several big companies) (VP have (VP established (NP (NP (NP manufacturing joint ventures) (PP-LOC in (NP Thailand))) , (PP including (NP (NP Matchbox) , (NP Wah Shing) and (NP (NP Kader Industrial Co.) , (NP (NP the toy manufacturer) (VP headed (NP *) (PP by (NP-LGS Mr. Ting)))))))))) .)) (TOP (S (NP-SBJ-1 (NP Malaysia) , (NP the Philippines) and (NP Indonesia)) (ADVP also) (VP are (VP being (VP studied (NP *-1)))) .)) (TOP (S (SBAR-ADV With (S (NP-SBJ-1 the European Community) (VP set (S (NP-SBJ *-1) (VP to (VP remove (NP its internal trade barriers) (PP-TMP in (NP 1992)))))))) , (NP-SBJ-2 several Hong Kong companies) (VP are (VP beginning (S (NP-SBJ *-2) (VP to (VP consider (NP Spain , Portugal and Greece) (PP-CLR as (NP possible manufacturing sites))))))) .)) (TOP (S (NP-SBJ (NP Worries) (PP about (NP China))) (VP came (SBAR-TMP just as (S (NP-SBJ (NP Hong Kong 's) toy industry) (VP was (VP recovering (PP-CLR from (NP (NP a 1987 sales slump) and (NP (NP bankruptcy filings) (PP by (NP (NP two major U.S. companies) , (NP (NP (NAC Worlds (PP of (NP Wonder))) Inc.) and (NP Coleco Industries Inc)))))))))))) .)) (TOP (S (NP-SBJ Hong Kong manufacturers) (VP say (SBAR 0 (S (NP-SBJ (NP large debt writeoffs) and (NP (NP other financial problems) (VP resulting (PP-CLR from (NP the 1987 difficulties))))) (VP chastened (NP the local industry) , (S-ADV (NP-SBJ *) (VP causing (S (NP-SBJ it) (VP to (VP tighten (NP (NP credit policies) and (NP financial management))))))))))) .)) (TOP (S (NP-SBJ The industry) (VP regards (NP (NP last year) and (NP this year)) (PP-CLR as (NP (NP a period) (PP of (NP recovery)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP will (VP lead (PP-CLR to (NP improved results))))))))) .)) (TOP (S (ADVP Still) , (NP-SBJ they) (VP long (SBAR-CLR for (S (NP-SBJ a `` mega-hit '' toy) (VP to (VP excite (NP (NP retail sales) (PP-LOC in (NP (NP the U.S.) , (NP (NP (NP Hong Kong 's) biggest market) (PP for (NP toys and games))))))))))) .)) (TOP (S (NP-SBJ (NP The closest thing) (SBAR (WHNP-1 0) (S (NP-SBJ (NP the colony 's) companies) (VP have (NP *T*-1)))) (PP to (NP a U.S. mega-hit))) (NP-TMP this year) (VP is (NP-PRD (NP the Teenage Mutant Ninja Turtles series) (PP of (NP action figures)) (VP manufactured (NP *) (PP by (NP-LGS Playmates Holdings Ltd))))) .)) (TOP (S (S-ADV (NP-SBJ *-1989) (VP Introduced (PP-TMP in (NP mid-1988)))) , (NP-SBJ-1989 the 15-centimeter-tall plastic turtles) (VP are (VP based (NP *-1989) (PP-LOC-CLR on (NP an American comic book and television series)))) .)) (TOP (S (NP-SBJ (NP Paul Kwan) , (NP (NP managing director) (PP of (NP Playmates))) ,) (VP says (SBAR 0 (S (NP-SBJ-1 10 million Ninja Turtles) (VP have (VP been (VP sold (NP *-1) , (S-ADV (NP-SBJ *) (VP placing (NP the reptilian warriors) (PP-LOC-CLR among (NP (NP the 10 biggest-selling toys) (PP-LOC in (NP the U.S.)))))))))))) .)) (TOP (S (SBAR-ADV (SINV Should (NP-SBJ-2 sales) (VP continue (S (NP-SBJ *-2) (VP to (VP be (ADJP-PRD strong) (PP-TMP through (NP (NP the Christmas season) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP accounts (PP-CLR for (NP (NP (QP about 60) %) (PP of (NP U.S. retail toy sales))))))))))))))) , (NP-SBJ Mr. Kwan) (VP said (SBAR 0 (S (NP-SBJ the Ninja Turtles) (VP could (VP make (S (NP-SBJ 1989) (NP-PRD (NP a record sales year) (PP for (NP Playmates))))))))) .)) (TOP (S (NP-SBJ Other Hong Kong manufacturers) (VP expect (S (NP-SBJ their results) (VP to (VP improve (ADVP only slightly) (NP-TMP this year) (PP-TMP from (NP 1988)))))) .)) (TOP (S (PP Besides (NP (NP the lack) (PP of (NP a fast-selling product)))) , (NP-SBJ they) (VP cite (NP (NP the continued dominance) (PP of (NP the U.S. market)) (PP by (NP (NP Nintendo Entertainment System) , (NP (NP an expensive video game) (VP made (NP *) (PP by (NP-LGS (NP Nintendo Co.) (PP of (NP Japan)))))))))) .)) (TOP (S (NP-SBJ Nintendo buyers) (VP have (NP (NP little money) (VP left (S (NP-SBJ *) (VP to (VP spend (PP-LOC-CLR on (NP other products)))))))) .)) (TOP (S (NP-SBJ (NP Many) (PP of (NP (NP the toy makers ') problems))) (VP started (PP-TMP (ADVP well) before (NP June 4)) (PP-PRP as (NP (NP a result) (PP of (NP (NP overstrained infrastructure) and (NP (NP (NP Beijing 's) austerity programs) (VP launched (NP *) (NP-TMP late last year)))))))) .)) (TOP (S (NP-SBJ Toy makers) (VP complain (SBAR that (S (NP-SBJ-1 electricity) (PP-LOC in (NP Guangdong)) (VP has (VP been (VP provided (NP *-1) (NP-TMP (NP (QP only three) days) (NP-ADV a week)) (PP-TMP in (NP recent months)) , (ADVP down (PP from (NP (NP five days) (NP-ADV a week))))) , (SBAR-PRP as (S (NP-SBJ (NP the province 's) rapid industrialization) (VP has (VP outstripped (NP its generating capacity)))))))))) .)) (TOP (S (NP-SBJ Manufacturers) (VP are (VP upgrading (NP standby power plants))) .)) (TOP (S (NP-SBJ (NP Bank credit) (PP for (NP China investments))) (VP (ADVP all but) dried (PRT up) (PP-TMP following (NP June 4))) .)) (TOP (S (ADVP Also) , (NP-SBJ concern) (VP exists (SBAR that (S (NP-SBJ the harder-line Beijing leadership) (VP will (VP tighten (NP (NP its control) (PP of (NP (NP Guangdong) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP has (VP been (NP-PRD (NP the main laboratory) (PP for (NP the (NX (NX open-door policy) and (NX economic reforms))))))))))))))))) .)) (TOP (S But , (NP-SBJ (NP toy manufacturers) and (NP other industrialists)) (VP say (SBAR 0 (S (NP-SBJ-1 Beijing) (VP will (VP be (VP restrained (NP *-1) (PP-CLR from (S-NOM (NP-SBJ *) (VP tightening (NP (NP controls) (PP on (NP export-oriented southern China)))))))))))) .)) (TOP (S (NP-SBJ They) (VP say (SBAR 0 (S (S (NP-SBJ (NP China 's) trade deficit) (VP is (VP widening))) and (S (NP-SBJ the country) (VP is (ADJP-PRD (NP too short (SBAR *ICH*-1)) (PP of (NP foreign exchange)) (SBAR-1 for (S (NP-SBJ it) (VP to (VP hamper (NP (NP production) (PP in (NP Guangdong))))))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 The Chinese leaders) (VP have (S (NP-SBJ *-1) (VP to (VP decide (SBAR (SBAR whether (S (NP-SBJ they) (VP want (NP control)))) or (SBAR whether (S (NP-SBJ the) (VP want (NP exports)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ (NP Mr. Kwan) (PP of (NP Playmates))) .)) (TOP (S (NP-SBJ-1 (NP The Bush administration)) , (S (NP-SBJ *-1) (VP urging (NP-2 the Supreme Court) (S (NP-SBJ *-2) (VP to (VP give (NP states) (NP more leeway (S (NP-SBJ *) (VP to (VP restrict (NP abortions)))))))))) , (VP said (SBAR 0 (S (NP-SBJ minors) (VP have n't (NP (NP any right) (PP to (NP abortion)) (PP without (NP (NP the consent) (PP of (NP their parents))))))))) .)) (TOP (S (NP-SBJ Solicitor General Kenneth Starr) (VP argued (SBAR that (S (NP-SBJ (NP (NP the 1973 Supreme Court decision) , (NP Roe vs. Wade) ,) (VP recognizing (NP (NP a constitutional right) (PP to (NP abortion)))) ,) (VP was (ADJP-PRD incorrect))))) .)) (TOP (S (NP-SBJ He) (ADVP also) (VP argued (SBAR that (S (NP-SBJ the high court) (VP was (ADJP-PRD wrong (PP-TMP in (NP 1976)) (S (NP-SBJ *) (VP to (VP rule (SBAR that (S (NP-SBJ minors) (VP have (NP (NP (NP a right) (PP to (NP abortion))) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP ca n't (VP be (VP (ADVP-MNR absolutely) vetoed (NP *-1) (PP by (NP-LGS their parents))))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The administration 's) position) (VP was (VP outlined (NP *-1) (PP in (NP-LOC (NP a friend-of-the-court brief) (VP filed (NP *) (PP-LOC-CLR in (NP (NP one) (PP of (NP (NP three abortion cases) (SBAR (WHNP-2 0) (S (NP-SBJ the Supreme Court) (VP (VP will (VP hear (S (NP-SBJ *T*-2) (VP argued)))) and (VP will (VP decide (NP *T*-2))) (NP-TMP this term))))))))))))) .)) (TOP (S (NP-SBJ The administration) (VP filed (NP the brief) (PP-LOC in (NP (NP an appeal) (VP involving (NP (NP a Minnesota law) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP requires (SBAR that (S (NP-SBJ-1 (NP both parents) (PP of (NP a minor))) (VP be (VP notified (NP *-1) (SBAR-TMP before (S (NP-SBJ she) (VP may (VP have (NP an abortion))))))))))))))))) .)) (TOP (S (NP-SBJ The administration) (VP urged (NP-1 the justices) (S (NP-SBJ *-1) (VP to (VP adopt (NP (NP a legal standard) (VP suggested (NP *) (PP by (NP-LGS Chief Justice (NP William Rehnquist))) (NP-TMP last July) (SBAR (WHADVP-2 when) (S (NP-SBJ the high court) (VP upheld (NP (NP Missouri 's) abortion restrictions) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (PP-LOC Under (NP (NP that standard) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP garnered (NP (NP the votes) (PP of (NP (QP only three of the nine) justices)))))) ,)) (NP-SBJ (NP a state restriction) (PP of (NP abortion))) (VP is (ADJP-PRD constitutional) (SBAR-ADV if (S (NP-SBJ the state) (VP has (NP (NP a `` reasonable '' justification) (PP for (S-NOM (NP-SBJ *) (VP adopting (NP it))))))))) .)) (TOP (S (NP-SBJ That) (VP is (NP-PRD (NP a (ADJP much easier) standard) (SBAR (WHNP-2 0) for (S (NP-SBJ a state) (VP to (VP satisfy (NP *T*-2))))) (PP than (NP (NP (NP (NP the Supreme Court 's) test) (PP-TMP since (NP 1973))) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP requires (S (NP-SBJ a state) (VP to (VP have (NP (NP a `` compelling '' reason) (PP for (S-NOM (NP-SBJ *) (VP restricting (NP abortion))))))))))))))) .)) (TOP (S (PP On (NP (NP the provisions) (PP of (NP the Minnesota law)))) , (NP-SBJ the Bush administration) (VP said (SBAR (SBAR that (S (S-NOM-SBJ (NP-SBJ *) (VP requiring (SBAR that (S (NP-SBJ-1 both parents) (VP be (VP notified (NP *-1))))))) (VP is (NP-PRD a reasonable regulation)))) , and (SBAR that (S (NP-SBJ there) (VP is (NP-PRD no need (S (NP-SBJ *) (VP to (VP have (NP (NP an alternative) (SBAR (WHNP-2 that) (S (NP-SBJ *T*-2) (VP allows (S (NP-SBJ minors) (VP to (VP go (PP-DIR to (NP court)) (PP-PRP for (NP (NP a judge 's) permission)) (ADVP instead))))))))))))))))) .)) (TOP (S (NP-SBJ-1 (NP The case) , (NP Hodgson vs. Minnesota) ,) (VP will (VP be (VP argued (NP *-1) (NP-TMP Nov. 29)))) .)) (TOP (S (NP-SBJ (NP (NP Aluminum Co.) (PP of (NP America))) , (VP hit (ADVP-MNR hard) (PP by (NP-LGS (NP the strength) (PP of (NP the dollar)) (ADVP-LOC overseas)))) ,) (VP said (SBAR 0 (S (NP-SBJ (NP net income) (PP for (NP the third quarter))) (VP dropped (NP-EXT 3.2 %) (PP-DIR to (NP (NP (QP $ 219 million) *U*) , or (NP (NP $ 2.46 *U*) (NP-ADV a share)))))))) .)) (TOP (S (NP-SBJ (NP (NP The nation 's)) No. 1 aluminum maker) (VP earned (NP (NP (QP $ 226.3 million) *U*) , or (NP (NP $ 2.56 *U*) (NP-ADV a share)) ,) (ADVP-TMP (NP a year) earlier)) .)) (TOP (S (NP-SBJ Revenue) (VP rose (NP-EXT 11 %) (PP-DIR to (NP (QP $ 2.83 billion) *U*)) (PP-DIR from (NP (QP $ 2.56 billion) *U*))) .)) (TOP (S (NP-SBJ (NP Analysts) , (NP (WHNP-1 who) (S (NP-SBJ *T*-1) (VP were (VP expecting (S (NP-SBJ Alcoa) (VP to (VP post (NP (NP (QP around $ 2.70 to $ 3) *U*) (NP-ADV a share))))))))) ,) (VP were (ADJP-PRD surprised (PP at (NP the lackluster third-quarter results)))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ It) (VP 's (ADJP-PRD disappointing))) , '' (VP said (S *T*-1)) (NP-SBJ (NP William Siedenburg) , (NP (NP an analyst) (PP with (NP (NP Smith Barney) , (NP Harris Upham) & (NP Co))))) .)) (TOP (S (NP-SBJ-1 (NP Much) (PP of (NP the earnings decline))) (VP was (VP led (NP *-1) (PP by (NP-LGS (NP currency-exchange rate adjustments) , (SBAR (WHNP-2 which) (S (NP-SBJ *T*-2) (VP affected (NP the bottom line) (PP-EXT by (NP (NP (NP (QP $ 15.3 million) *U*) , or (NP (NP 17 cents) (NP-ADV a share)) ,) (PP compared (PP with (NP (NP (QP $ 3.6 million) *U*) , or (NP (NP four cents) (NP-ADV a share)) ,) (NP-TMP the previous year)))))))))))) .)) (TOP (S (S-TPC-1 (NP-SBJ (NP (NP Lower prices) (PP for (NP (NP aluminum ingots) and (NP certain alloy products)))) and (NP (NP a shift) (PP-LOC in (NP the product mix)))) (ADVP also) (VP contributed (PP-CLR to (NP lower earnings)))) , (NP-SBJ the company) (VP said (SBAR 0 (S *T*-1))) .)) (TOP (S `` (S-TPC-1 (PP In (NP addition)) , (NP-SBJ costs) (VP were (ADJP-PRD higher) (PP (ADVP partly) due to (NP (NP scheduled plant outages) (PP for (NP modernization work)))))) , '' (NP-SBJ the company) (VP said (S *T*-1)) .)) (TOP (SINV (S-TPC-2 (PP Excluding (NP (NP (NP the higher tax rate) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP rose (NP-EXT two percentage points) (PP-DIR to (NP 38 %))))) ,) and (NP the negative exchange rate adjustment))) , (NP-SBJ the company) (VP would (VP have (VP met (NP (NP analysts ') expectations))))) , (VP said (S *T*-2)) (NP-SBJ (NP R. Wayne Atwell) , (NP (NP an analyst) (PP with (NP Goldman , Sachs & Co)))) .)) (TOP (S (S-ADV (NP-SBJ *-2) (VP Noting (SBAR that (S (NP-SBJ the third quarter) (VP is (ADVP usually) (NP-PRD (NP the aluminum industry) 's slowest)))))) , (NP-SBJ-2 Mr. Atwell) (VP added , `` (S (NP-SBJ the third quarter) (VP is (ADVP-TMP never) (NP-PRD a bang up period) (PP for (NP them)) (ADVP anyway)))) . '')) (TOP (S (ADVP Nevertheless) , (NP-SBJ the company) (VP said (SBAR 0 (S (NP-SBJ shipments) (VP were (ADVP-PRD up (ADVP slightly) (PP-DIR to (NP 679,000 metric tons)) (PP-DIR from (NP 671,000))) , (S-ADV (NP-SBJ *) (VP buffing (NP (NP the impact) (PP of (NP the unexpected earning decline))))))))) .)) (TOP (S (NP-SBJ-1 The results) (VP were (VP announced (NP *-1) (SBAR-TMP after (S (NP-SBJ the stock market) (VP closed))))) .)) (TOP (S (PP-LOC In (NP (NP New York Stock Exchange composite trading) (NP-TMP Friday))) , (NP-SBJ Alcoa) (VP closed (PP-CLR at (NP (NP $ 72 *U*) (NP-ADV a share))) , (ADVP down (NP $ 4.75 *U*)) , (PP-LOC in (NP a (ADJP sharply lower) market))) .)) (TOP (S (PP-TMP For (NP 20 years)) , (NP-SBJ federal rules) (VP have (VP barred (NP the three major television networks) (PP-CLR from (S-NOM (NP-SBJ *) (VP sharing (PP-LOC-CLR in (NP (NP one) (PP of (NP (NP the (ADJP (ADJP most lucrative) and (ADJP fastest-growing)) parts) (PP of (NP the television business))))))))))) .)) (TOP (S And (PP-TMP for (NP six years)) , (NP-SBJ NBC , ABC and CBS) (VP have (VP negotiated (PP-CLR with (NP Hollywood studios)) (PP-LOC in (NP a futile attempt (S (NP-SBJ *) (VP to (VP change (NP that)))))))) .)) (TOP (S But (PP with (S-NOM (NP-SBJ foreign companies) (VP snapping (PRT up) (NP U.S. movie studios)))) , (NP-SBJ the networks) (VP are (VP pressing (NP their fight) (ADVP-MNR (ADVP harder) (PP than (ADVP ever))))) .)) (TOP (S (NP-SBJ They) (VP hope (SBAR 0 (S (NP-SBJ the foreign deals) (VP will (VP (VP divide (NP the Hollywood opposition)) and (VP prod (S (NP-SBJ Congress) (VP to (VP push (PP-CLR for (S-NOM (NP-SBJ *) (VP ending (NP (NP federal rules) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP prohibit (NP-3 the networks) (PP-CLR from (S-NOM (NP-SBJ *-3) (VP (VP grabbing (NP (NP a piece) (PP of (NP rerun sales)))) and (VP owning (NP (NP part) (PP of (NP (NP the shows) (SBAR (WHNP-2 0) (S (NP-SBJ they) (VP put (NP *T*-2) (PP-PUT on (NP the air)))))))))))))))))))))))))))) .)) (TOP (S (NP-SBJ Even network executives) , (ADVP however) , (VP admit (ADVP-MNR privately) (SBAR that (S (NP-SBJ (NP victory) (PRN -- (PP-LOC either (PP in (NP Congress)) or (PP in (NP (NP talks) (PP with (NP the studios))))) --)) (VP is (ADJP-PRD highly doubtful) (ADVP-TMP (NP any time) soon))))) .)) (TOP (S And (ADVP so) (NP-SBJ the networks) (ADVP also) (VP are (VP pushing (PP-CLR for (NP (NP new ways) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP sidestep (NP (NP the `` fin-syn '' provisions) , (VP known (NP *) (ADVP formally) (PP-CLR as (NP the Financial Interest and Syndication Rules)))) (ADVP-MNR *T*-1))))))))) .)) (TOP (S (NP-SBJ That) (VP became (ADJP-PRD clear) (NP-TMP last week) (PP with (NP the disclosure (SBAR that (S (NP-SBJ-1 (NP National Broadcasting Co.) , (VP backed (NP *) (PP by (NP-LGS (NP the deep pockets) (PP of (NP parent General Electric Co.))))) ,) (VP had (VP tried (S (NP-SBJ-2 *-1) (VP to (VP help (S (NP-SBJ *-2) (VP fund (NP (NP (NP Qintex Australia Ltd. 's) now-scuttled (ADJP (QP $ 1.5 billion) *U*) bid) (PP for (NP MGM/UA Communications Co))))))))))))))) .)) (TOP (S (NP-SBJ (NP NBC 's) interest) (VP may (VP revive (NP (NP the deal) , (SBAR (WHNP-1 which) (S (NP-SBJ MGM/UA) (VP killed (NP *T*-1) (NP-TMP last week) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-3 the Australian concern) (VP had (NP (NP trouble) (S-NOM (NP-SBJ *-3) (VP raising (NP cash)))) (ADVP-TMP *T*-2)))))))))) .)) (TOP (S (SBAR-ADV Even if (S (NP-SBJ-1 that deal) (VP is n't (VP revived (NP *-1))))) , (NP-SBJ-2 NBC) (VP hopes (S (NP-SBJ *-2) (VP to (VP find (NP another))))) .)) (TOP (S `` (S-TPC-1 (NP-SBJ Our doors) (VP are (ADJP-PRD open))) , '' (NP-SBJ an NBC spokesman) (VP says (S *T*-1)) .)) (TOP (S (NP-SBJ NBC) (VP may (ADVP-TMP yet) (VP find (NP (NP a way) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP take (NP (NP a passive , minority interest) (PP-LOC in (NP a program-maker))) (PP without (S-NOM (NP-SBJ *) (VP violating (NP the rules)))) (ADVP-MNR *T*-1)))))))) .)) (TOP (S And (NP-SBJ any NBC effort) (VP could (VP prompt (S (NP-SBJ (NP CBS Inc.) and (NP (NP (NP ABC 's) parent) , (NP Capital Cities/ABC Inc.) ,)) (VP to (VP look (PP-CLR for (NP (NP ways) (PP of (S-NOM (NP-SBJ *) (VP skirting (NP the fin-syn regulations))))))))))) .)) (TOP (S But (NP-SBJ (NP the networks ') push) (VP may (ADVP only) (VP aggravate (NP (NP an (ADJP increasingly bitter) rift) (PP-LOC between (NP (NP them) and (NP Hollywood studios)))))) .)) (TOP (S (NP-SBJ-1 Both sides) (VP are (S (NP-SBJ *-1) (VP to (VP sit (ADVP-DIR down) (NP-TMP next month) (PP-PRP for (NP (NP yet another meeting) (PP on (SBAR (WHADVP-2 how) (S (NP-SBJ they) (VP might (VP agree (PP-CLR on (S-NOM (NP-SBJ *) (VP reducing (NP fin-syn restraints)))) (ADVP-MNR *T*-2)))))))))))) .)) (TOP (S (NP-SBJ (NP Few people) (ADJP privy (PP to (NP the talks)))) (VP expect (S (NP-SBJ the studios) (VP to (VP budge)))) .)) (TOP (SINV (S (NP-SBJ The networks) (ADVP-TMP still) (VP are `` (ADJP-PRD uninhibited (PP in (NP (NP their authority) '' (PP over (SBAR (WHNP-1 what shows) (S (NP-SBJ *T*-1) (VP get (PP-LOC-CLR on (NP the air))))))))))) , (VP charges) (NP-SBJ (NP Motion Picture Association President Jack Valenti) , (NP (NP the (ADJP most vociferous) opponent) (PP of (S-NOM (NP-SBJ *) (VP rescinding (NP the rules)))))) .)) (TOP (S (S-TPC-1 (NP-SBJ Studios) (VP are `` (ADJP-PRD powerless '' (S (NP-SBJ *) (VP to (VP (VP get (NP shows) (PP-LOC-CLR in (NP prime-time lineups))) and (VP keep (NP them) (ADVP-LOC-CLR there) (ADVP-TMP long enough (S (NP-SBJ *) (VP to (VP go (PP-CLR into (NP lucrative rerun sales))))))))))))) , (NP-SBJ he) (VP contends (SBAR 0 (S *T*-1))) .)) (TOP (S (S-TPC-2 And (NP-SBJ that) (VP 's (SBAR-PRD (WHADVP-1 why) (S (NP-SBJ the rules) , (PP for (NP the most part)) , (VP must (VP stay (PP-LOC-CLR in (NP place)) (ADVP-PRP *T*-1))))))) , (NP-SBJ he) (VP says (SBAR 0 (S *T*-2))) .)) (TOP (S (NP-SBJ-2 (NP (NP Studio executives) (PP-LOC in (PP on (NP the talks)))) (PRN - (PP including (NP (NP officials) (PP-LOC at (NP (NP Paramount Communications Inc.) , (NP Fries Entertainment Inc.) , (NP Warner Communications Inc.) and (NP MCA Inc.))))) --)) (VP declined (S (NP-SBJ-1 *-2) (VP to (VP be (VP interviewed (NP *-1)))))) .)) (TOP (S But (NP-SBJ (NP Mr. Valenti) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP represents (NP the studios)))) ,) (VP asserts : `` (SBAR 0 (S (NP-SBJ (NP The whole production industry) , (PP to (NP a man)) ,) (VP is (PP-PRD on (NP (NP the side) (PP of (S-NOM (NP-SBJ *) (VP preserving '' (NP the rules)))))))))) .)) (TOP (S (NP-SBJ Such proclamations) (VP leave (S (NP-SBJ network officials) (ADJP-PRD (NP-ADV all the more) doubtful (SBAR that (S (NP-SBJ the studios) (VP will (VP bend))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 They) (VP do n't (VP seem (S (NP-SBJ *-1) (VP to (VP have (NP an incentive (S (NP-SBJ *) (VP to (VP negotiate)))))))))) , '' (VP says (S *T*-2)) (NP-SBJ one network executive) .)) (TOP (S `` And (NP-SBJ there) (VP 's (NP-PRD no indication (SBAR that (S (NP-SBJ Washington) (VP is (ADJP-PRD prepared (S (NP-SBJ *) (VP to (VP address (NP the rules)))))))))) .)) (TOP (SQ (S (NP-SBJ That) (VP 's (NP-PRD the problem))) , (SQ is n't (NP-SBJ it) (NP-PRD *?*)) ? '')) (TOP (S (ADVP Indeed) (NP-SBJ it) (VP is (NP-PRD *?*)) .)) (TOP (S (NP-SBJ-2 Congress) (VP has (VP said (ADVP-MNR repeatedly) (SBAR 0 (S (NP-SBJ it) (VP wants (NP (NP no part) (PP of (NP the mess)))))) , (S-ADV (NP-SBJ *-2) (VP urging (NP-3 (NP the studios) and (NP (NP the networks) , (SBAR (WHNP-1 which) (S (NP-SBJ *T*-1) (VP license (NP (NP rights) (PP to (NP (NP air shows) (VP made (NP *) (PP by (NP-LGS the studios))))))))) ,)) (S (NP-SBJ *-3) (VP to (VP work (PRT out) (NP their own compromise)))))))) .)) (TOP (S But (NP-SBJ recent developments) (VP have (VP made (S (NP-SBJ (NP the networks) (PRN -- and (NP (NP NBC President Robert Wright) , (PP in (ADJP particular))) --)) (ADJP-PRD (ADVP ever more) adamant (SBAR that (S (NP-SBJ the networks) (VP must (VP be (ADJP-PRD unshackled) (S-PRP (NP-SBJ *) (VP to (VP survive))))))))))) .)) (TOP (FRAG (NP The latest provocation) : (NP (NP Sony Corp. 's) plan (S (S (NP-SBJ *) (VP to (VP acquire (NP Columbia Pictures Entertainment Inc.) (PP-CLR for (NP (QP $ 3.4 billion) *U*))))) , and (S (NP-SBJ *) (VP to (VP buy (NP independent producer Guber Peters Entertainment Co.) (PP-CLR for (NP (QP $ 200 million) *U*))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP wonder (SBAR (WHNP what) (S (NP-SBJ Walter Cronkite) (VP will (VP think (PP of (NP (NP the Sony/Columbia Broadcast System Trinitron Evening News) (PP with (NP Dan Rather)) (VP broadcast (NP *) (ADVP exclusively) (PP from (NP Tokyo))))))))))) , '' (VP wrote (S *T*-1)) (NP-SBJ (NP J.B. Holston) , (NP an NBC vice president) ,) (PP-LOC in (NP a commentary)) (PP-LOC in (NP (NP (NP last week 's) issue) (PP of (NP-TTL Broadcasting magazine)))) .)) (TOP (S (PP-LOC In (NP his article)) , (NP-SBJ (NP Mr. Holston) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP was (PP-LOC-PRD-2 in (NP Europe)) (NP-TMP last week)) and (VP (ADJP-PRD=2 unavailable))))) ,) (VP complained (SBAR that (S (NP-SBJ (NP the `` archaic restraints '') (PP-LOC in (NP fin-syn rules))) (VP have `` (VP contributed (ADVP-MNR directly) (PP-CLR to (NP (NP the acquisition) (PP of (NP the studios)) (PP by (NP non-U.S. enterprises))))))))) .)) (TOP (S '' -LRB- (NP-SBJ He) (VP did n't (VP mention (SBAR that (S (NP-SBJ-1 NBC) , (PP-TMP in (NP the meantime)) , (VP was (VP hoping (S (NP-SBJ *-1) (VP to (VP assist (NP (NP Australia 's) Qintex) (PP-CLR in (NP buying))))))))))))) (TOP (S (NP-SBJ An NBC spokesman) (VP counters (SBAR that (S (NP-SBJ (NP Mr. Holston 's) lament) (VP was `` (ADJP-PRD entirely consistent '' (PP with (NP NBC plans))) (SBAR-PRP because (S (NP-SBJ the U.S. rules) (VP would (VP limit (NP (NP (NP NBC 's) involvement) (PP-LOC in (NP the Qintex deal))) (ADVP-MNR (ADVP so severely) (SBAR as (S (NP-SBJ *) (VP to (VP be `` (PP-PRD (NP-ADV light years) away (PP from (NP (NP the type) (PP of (NP (NP unrestrained deals) (ADJP available (PP to (NP (NP Sony) (PRN -- and (NP (NP everyone else) (PP except (NP the three networks))))))))))))))))))))))))) . '')) (TOP (S (NP-SBJ-1 (NP (NP The Big Three 's) drumbeat) (PP for (NP deregulation))) (VP began (S (NP-SBJ *-1) (VP intensifying)) (PP-TMP in (NP the summer)) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-3 the former Time Inc.) (VP went (ADVP-DIR ahead) (PP-CLR with (NP plans (S (NP-SBJ *-3) (VP to (VP acquire (NP Warner)))))) (ADVP-TMP *T*-2))))) .)) (TOP (S (SBAR-ADV Although (S (NP-SBJ Time) (ADVP-TMP already) (VP had (NP a long-term contract (S (NP-SBJ *) (VP to (VP buy (NP movies) (PP-CLR from (NP Warner))))))))) , (NP-SBJ the merger) (VP will (VP (VP let (S (NP-SBJ (NP (NP Time 's) largely unregulated pay-cable channel) , (NP Home Box Office) ,) (VP own (NP (NP the Warner movies) (VP aired (NP *) (PP-LOC-CLR on (NP HBO))))))) -- (NP (NP a vertical integration) (SBAR (WHNP-2 that) (S (NP-SBJ-1 *T*-2) (VP is (VP (ADVP-MNR effectively) blocked (NP *-1) (PP by (NP-LGS fin-syn regulations))))))))) .)) (TOP (S (NP-SBJ (NP NBC 's) Mr. Wright) (VP led (NP the way) (PP-LOC-CLR in (S-NOM (NP-SBJ *) (VP decrying (NP (NP the networks ') inability (S (NP-SBJ *) (VP to (VP match (NP a Time-Warner combination))))))))) .)) (TOP (S (NP-SBJ He) (VP spoke (PRT up) (ADVP-TMP again) (SBAR-TMP (WHADVP-2 when) (S (NP-SBJ-1 (NP the Sony bid) (PP for (NP Columbia))) (VP was (VP announced (NP *-1) (ADVP-TMP *T*-2)))))) .)) (TOP (S (SBAR-TMP Since (S (NP-SBJ-1 (NP (NP NBC 's) interest) (PP-LOC in (NP (NP the Qintex bid) (PP for (NP MGM/UA))))) (VP was (VP disclosed (NP *-1))))) , (NP-SBJ Mr. Wright) (VP has n't (VP been (ADJP-PRD available (PP for (NP comment))))) .)) (TOP (S (PP With (NP a Qintex deal)) , (NP-SBJ NBC) (VP would (VP move (PP-DIR into (NP uncharted territory)) -- (S-ADV (NP-SBJ *) (ADVP possibly) (VP raising (NP (NP hackles) (PP-LOC (PP at (NP the studios)) and (PP in (NP Washington)))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ-1 It) 's (ADVP-TMP never) (ADVP really) (VP been (VP tested (NP *-1)))) , '' (VP says (S *T*-2)) (NP-SBJ (NP William Lilley III) , (SBAR (WHNP-3 who) (S (PP as (NP a top CBS executive)) (NP-SBJ-4 *T*-3) (VP spent (NP years) (S-CLR (NP-SBJ *-4) (VP lobbying (S-CLR (NP-SBJ *) (VP to (VP have (S (NP-SBJ the rules) (VP lifted))))))))))) .)) (TOP (S (NP-SBJ He) (ADVP-TMP now) (VP runs (NP (NP Policy Communications) (PP in (NP Washington))) , (S-ADV (NP-SBJ *) (VP consulting (PP-CLR to (NP media companies))))) .)) (TOP (S (NP-SBJ Fin-syn rules) (VP do n't (VP (ADVP-MNR explicitly) block (NP a network) (PP-CLR from (S-NOM (NP-SBJ *) (VP buying (NP (NP a passive , small stake) (PP-LOC in (NP (NP a company) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP profits (PP-CLR from (NP (NP the rerun syndication) (SBAR (WHNP-2 0) (S (NP-SBJ networks) (VP ca n't (VP enjoy (NP *T*-2)))))))))))))))))) .)) (TOP (S (ADVP Hence) , (NP-SBJ NBC) (VP might (VP be (ADJP-PRD able (S (NP-SBJ *) (VP to (VP take , (S-ADV (NP-SBJ *) (VP say)) , (NP (NP a (ADJP 5 %) stake) (PP-LOC in (NP (NP a company) (PP such as (NP MGM/UA))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ the transaction) (VP raised (NP objections)))) , (NP-SBJ (NP the studio 's) syndication operations) (VP could (VP be (VP spun (PP off) (PP-DIR into (NP (NP a separate firm) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ the network) (VP does n't (VP have (NP a direct stake) (PP-LOC-CLR *T*-1)))))))))) .)) (TOP (S But (NP-SBJ such convolutions) (VP would (ADVP-TMP still) (VP block (NP-1 the networks) (PP-CLR from (S-NOM (NP-SBJ *-1) (VP grabbing (NP (NP a big chunk) (PP of (NP (NP the riches) (PP of (NP syndication)))))))))) .)) (TOP (S (PP-LOC Under (NP current rules)) , (SBAR-TMP (WHADVP-5 even when) (S (NP-SBJ a network) (VP fares (ADVP-CLR well) (PP with (NP a 100%-owned series)) (PRN -- (S (NP-SBJ-2 ABC) , (PP for (NP example)) , (VP made (NP a killing) (PP in (S-NOM (NP-SBJ *-2) (VP broadcasting (NP (NP its popular crime/comedy) `` (NP-TTL Moonlighting) '')))))) --) (ADVP-TMP *T*-5)))) (NP-SBJ-3 it) (VP is n't (VP allowed (S (NP-SBJ *-3) (VP to (VP share (PP-LOC-CLR in (NP the continuing proceeds))))) (SBAR-TMP (WHADVP-4 when) (S (NP-SBJ-1 the reruns) (VP are (VP sold (NP *-1) (PP-DTV to (NP local stations)) (ADVP-TMP *T*-4))))))) .)) (TOP (S (ADVP Instead) , (NP-SBJ-1 ABC) (VP will (VP have (S (NP-SBJ *-1) (VP to (VP sell (PRT off) (NP the rights) (PP-CLR for (NP a one-time fee))))))) .)) (TOP (S (NP-SBJ The networks) (VP admit (SBAR that (S (NP-SBJ (NP the chances) (PP of (S-NOM (NP-SBJ *) (VP getting (NP (NP the relief) (SBAR (WHNP-1 0) (S (NP-SBJ they) (VP want (NP *T*-1))))))))) (VP are (ADJP-PRD slim) -- (PP-TMP for (NP several years)) (PP at (NP the least)))))) .)) (TOP (S (ADVP-TMP (NP Six years) ago) (NP-SBJ they) (VP were (ADJP-PRD tantalizingly close)) .)) (TOP (S (NP-SBJ The Reagan-era Federal Communications Commission) (VP had (VP ruled (PP-CLR in (NP (NP favor) (PP of (S-NOM (NP-SBJ *) (VP killing (NP (NP most) (PP of (NP the rules)))))))))) .)) (TOP (S (NP-SBJ (NP Various evidence) , (PP including (NP (NP a Brookings Institution study) (PP of (NP (NP some 800 series) (SBAR (WHNP-2 that) (S (NP-SBJ the networks) (VP (VP had (VP aired (NP *T*-2))) and (VP had (VP (ADVP partly) owned (NP *T*-2))) (PP-TMP in (NP the 1960s))))))))) ,) (VP showed (SBAR 0 (S (NP-SBJ the networks) (VP did n't (VP wield (NP undue control) (PP-LOC-CLR over (NP the studios)) (SBAR as (S (NP-SBJ-1 *) (VP had (VP been (VP alleged (NP *-1))))))))))) .)) (TOP (S But (SBAR-TMP (NP just eight days) before (S (NP-SBJ the rules) (VP were (S-PRD (NP-SBJ *) (VP to (VP die)))))) , (NP-SBJ (NP former President Ronald Reagan) , (NP a one-time actor) ,) (VP intervened (PP-CLR on (NP (NP behalf) (PP of (NP Hollywood))))) .)) (TOP (S (NP-SBJ The FCC effort) (VP collapsed) .)) (TOP (S (NP-SBJ The networks and studios) (VP have (VP bickered (ADVP-TMP ever since))) .)) (TOP (S (S (NP-SBJ (NP Network officials) (VP involved (NP *) (PP-LOC-CLR in (NP the studio talks)))) (VP may (VP hope (SBAR 0 (S (NP-SBJ the foreign influx) (VP builds (NP (NP more support) (PP-LOC-CLR in (NP Washington))))))))) , but (S (NP-SBJ that) (VP seems (ADJP-PRD unlikely))) .)) (TOP (S (S (PP-LOC In (NP Congress)) , (NP-SBJ the issue) (VP falters)) : (S (S (NP-SBJ It) (VP 's (PP-PRD about (NP (NP money) , not (NP program quality))))) , and (S (NP-SBJ Hollywood) (VP has (NP (NP lots) (PP of (NP clout))) (PP given (NP (NP its fund raising) (PP for (NP (NP senators and representatives) (VP overseeing (NP the issue))))))))) .)) (TOP (S (NP-SBJ (NP A spokesman) (PP for (NP (NP (NP Rep. Edward J. Markey) (PRN -LRB- (NP D-Mass.) -RRB-)) , (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP heads (NP (NP a subcommittee) (SBAR (WHNP-3 that) (S (NP-SBJ *T*-3) (VP oversees (NP the FCC)))))))) ,))) (VP says (SBAR 0 (S (NP-SBJ Mr. Markey) (VP feels `` (SBAR 0 (S (NP-SBJ-1 the world) (VP has (VP been (ADVP-TMP forever) (VP changed (NP *-1) (PP by (NP-LGS the Sony-Columbia deal))))))))))) . '')) (TOP (S But (NP-SBJ he) (VP said (SBAR 0 (S (NP-SBJ Mr. Markey) (VP hopes (SBAR 0 (S (NP-SBJ this) (VP pushes (S (NP-SBJ the networks and studios) (VP to (VP work (NP it) (PRT out) (PP-MNR on (NP their own)))))))))))) .)) (TOP (S And (PP-LOC at (NP the FCC)) , (ADVP-TMP meanwhile) , (NP-SBJ new Chairman Alfred C. Sikes) (VP has (VP said (SBAR 0 (S (NP-SBJ he) (VP wants (S (NP-SBJ the two sides) (VP to (VP hammer (PRT out) (NP their own plan))))))))) .)) (TOP (S (NP-SBJ Recognition Equipment Inc.) (VP said (SBAR 0 (S (NP-SBJ it) (VP settled (NP (NP a civil action) (VP filed (NP *) (PP-CLR against (NP it)) (PP by (NP-LGS the federal government)) (PP on (NP (NP behalf) (PP of (NP the U.S. Postal Service)))))))))) .)) (TOP (S (NP-SBJ The government) (VP sued (NP the company) (PP-TMP in (NP April)) , (S-ADV (NP-SBJ *) (VP seeking (NP (NP $ 23,000 *U*) and (NP (NP other unspecified damages) (VP related (NP *) (PP-CLR to (NP an alleged contract-steering scheme)))))))) .)) (TOP (S (NP-SBJ The suit) (VP named (NP (NP the company) , (NP former chief executive officer William G. Moore Jr.) , (NP former vice president Robert W. Reedy) and (NP (NP five defendants) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP were n't (NP-PRD (NP part) (PP of (NP the company))))))))) .)) (TOP (S (NP-SBJ The suit) (VP charged (NP the defendants) (PP-CLR with (S-NOM (NP-SBJ *) (VP causing (S (NP-SBJ (NP Peter E. Voss) , (NP (NP an ex-member) (PP of (NP (NP the Postal Service board) (PP of (NP governors))))) ,) (VP to (VP accept (NP (NP $ 23,000 *U*) (PP in (NP bribes , kickbacks and gratuities)))))))))) .)) (TOP (S (NP-SBJ Mr. Voss) (VP was (ADVP-TMP previously) (VP (VP sentenced (PP-CLR to (NP (NP four years) (PP-LOC in (NP prison))))) and (VP fined (NP $ 11,000 *U*) (PP-PRP for (NP (NP his role) (PP in (NP the scheme))))))) .)) (TOP (S (PP-LOC In (NP the agreement)) , (NP-SBJ-1 Recognition) (VP agreed (S (NP-SBJ *-1) (VP to (VP pay (NP the government) (NP $ 20,000 *U*) (PP in (NP (NP return) (PP for (NP (NP the release) (PP of (NP (NP all claims) (PP against (NP (NP the company) , (NP Mr. Moore) and (NP Mr. Reedy))))))))))))) .)) (TOP (S (NP-SBJ The five additional defendants) (VP were n't (NP-PRD (NP parties) (PP to (NP the settlement)))) .)) (TOP (S (NP-SBJ (NP A trial) (PP on (NP (NP criminal allegations) (PP against (NP (NP the company) and (NP the same two former executives)))))) (VP began (NP-TMP Sept. 27) (PP-LOC in (NP (NP federal court) (PP for (NP (NP the District) (PP of (NP Columbia))))))) .)) (TOP (S (NP-SBJ-1 They) (VP were (VP indicted (NP *-1) (NP-TMP last October) (PP on (NP (NP (NP charges) (PP of (NP fraud , theft and conspiracy))) (VP related (NP *) (PP-CLR to (NP (NP an effort (S (NP-SBJ *) (VP to (VP win (NP (NP $ 400 million *U*) (PP in (NP Postal Service equipment contracts))))))) (PP by (NP (NP the maker) (PP of (NP data management equipment))))))))))) .)) (TOP (S (NP-SBJ (NP The company) and (NP its executives)) (VP deny (NP the charges)) .)) (TOP (S (PP-LOC In (NP a related development)) , (NP-SBJ Recognition Equipment) (VP said (SBAR 0 (S (NP-SBJ the Postal Service) (VP has (VP barred (NP the company) (PP-CLR from (S-NOM (NP-SBJ *) (VP bidding (PP on (NP postal contracts))))) (PP-TMP for (NP an additional 120 days))))))) .)) (TOP (S (NP-SBJ The Postal Service) (VP (VP (ADVP originally) suspended (NP the company) (NP-TMP Oct. 7 , 1988)) , and (VP has (VP been (VP renewing (NP the ban)))) (ADVP-TMP ever since)) .)) (TOP (S (NP-SBJ The company) (VP said (SBAR 0 (S (NP-SBJ-1 it) (VP will (VP continue (S (NP-SBJ *-1) (VP to (VP pursue (NP (NP a lifting) (PP of (NP the suspension))))))))))) .)) (TOP (S (NP-SBJ Intel Corp.) (VP reported (NP (NP a 50 % drop) (PP-LOC in (NP third-quarter net income))) , (PP-PRP (ADVP partly) because of (NP (NP a one-time charge) (PP for (NP discontinued operations))))) .)) (TOP (S (NP-SBJ The (NX (NX big semiconductor) and (NX computer maker))) , (VP said (SBAR 0 (S (NP-SBJ it) (VP had (NP (NP net) (PP of (NP (NP (QP $ 72 million) *U*) , or (NP 38 cents) ,))) (ADVP down (NP 50 %) (PP from (NP (NP (QP $ 142.7 million) *U*) , or (NP (NP 78 cents) (NP-ADV a share))))))))) .)) (TOP (S (NP-SBJ The lower net) (VP included (NP (NP a charge) (PP of (NP (NP (QP $ 35 million) *U*) , (PP equal (PP to (NP (NP 12 cents) (NP-ADV a share) (PP-LOC on (NP an after-tax basis))))) ,)) (PP for (NP (NP the cost) (PP of (S-NOM (NP-SBJ *) (VP abandoning (NP (NP a computer-systems joint venture) (PP with (NP (NP Siemens AG) (PP of (NP West Germany)))))))))))) .)) (TOP (S (NP-SBJ Earning) (ADVP also) (VP fell (PP-DIR from (NP the year-ago period)) (PP-PRP because of (NP slowing microchip demand))) .)) (TOP (S (NP-SBJ Sales) (VP amounted (PP-CLR to (NP (QP $ 771.4 million) *U*) ,) (ADVP down (NP 1.7 %) (PP from (NP (QP $ 784.9 million) *U*)))) .)) (TOP (S (NP-SBJ (NP Intel 's) stock) (VP rose (PP-LOC in (NP early over-the-counter trading)) (NP-TMP Friday) , (SBAR-TMP as (S (NP-SBJ investors) (VP appeared (ADJP-PRD relieved (SBAR (SBAR that (S (NP-SBJ (NP (NP the company 's) income) (PP from (NP continuing operations))) (VP was (PP-PRD (ADVP only slightly) below (NP (NP (NP the second quarter 's) earnings) (PP of (NP (NP (QP $ 99.3 million) *U*) , or (NP (NP 53 cents) (NP-ADV a share))))))))) , and (SBAR that (S (NP-SBJ sales) (ADVP actually) (VP exceeded (NP (NP the (QP $ 747.3 million) *U*) (PP for (NP the second period)))))))))))) .)) (TOP (S But (NP-SBJ Intel) (ADVP-TMP later) (VP succumbed (PP-CLR to (NP (NP the stock market 's) plunge)) , (S-ADV (NP-SBJ *) (VP closing (PP-CLR at (NP $ 31.75 *U*)) , (ADVP down (NP $ 2.125 *U*))))) .)) (TOP (S (PP-TMP In (NP August)) , (NP-SBJ Intel) (VP warned (SBAR that (S (NP-SBJ third-quarter earnings) (VP might (VP be `` (ADJP-PRD flat (PP to (ADJP down)) '' (PP from (NP the previous period 's))) (PP-PRP because of (NP (NP (NP slowing sales growth) (PP of (NP its 80386 microprocessor))) , (NP (NP start-up costs) (VP associated (NP *) (PP-CLR with (NP (NP a line) (PP of (NP computers)))))) and (NP (NP costs) (PP of (NP (S (NP-SBJ *) (VP preparing (PP-CLR for (NP (NP mass shipments) (PP of (NP (NP the company 's) new 80486 chip)) (PP-LOC in (NP the current quarter)))))))))))))))) .)) (TOP (S (PP-TMP On (NP Friday)) , (NP-SBJ (NP Andrew S.Grove) , (NP Intel president and chief executive officer) ,) (VP said (SBAR 0 (S `` (NP-SBJ (NP Intel 's) business) (VP is (ADJP-PRD strong))))) .)) (TOP (S (S (NP-SBJ Our bookings) (VP improved (SBAR-TMP as (S (NP-SBJ the quarter) (VP progressed))))) and (S (NP-SBJ September) (VP was (ADJP-PRD especially good))) .)) (TOP (S (PP-TMP For (NP the full quarter)) , (S (NP-SBJ our bookings) (VP were (ADJP-PRD (ADJP higher) (PP than (NP the previous quarter))))) , and (S (NP-SBJ our book-to-bill ratio) (VP exceeded (NP 1.0))) . '')) (TOP (S (PP-TMP For (NP the nine-month period)) , (NP-SBJ Intel) (VP reported (NP (NP net) (PP of (NP (NP (NP (QP $ 268.3 million) *U*) , or (NP (NP $ 1.43 *U*) (NP-ADV a share))) , (ADVP down (NP 27 %) (PP from (NP (NP (QP $ 367.1 million) *U*) , or (NP (NP $ 2.05 *U*) (NP-ADV a share))))))))) .)) (TOP (S (NP-SBJ Revenue) (VP amounted (PP-CLR to (NP (NP (QP $ 2.23 billion) *U*) , (ADVP up (ADVP slightly) (PP from (NP (QP $ 2.15 billion) *U*)))))) .)) (TOP (S (NP-SBJ (NP Walter Sisulu) and (NP the African National Congress)) (VP came (NP-DIR home) (NP-TMP yesterday)) .)) (TOP (S (PP-TMP After (NP (NP 26 years) (PP-LOC in (NP prison)))) , (NP-SBJ-1 (NP Mr. Sisulu) , (NP (NP the 77-year-old former secretary-general) (PP of (NP the liberation movement))) ,) (VP was (VP dropped (NP *-1) (PRT off) (PP-LOC-CLR at (NP his house)) (PP by (NP-LGS (NP a prison services ') van)) (SBAR-TMP just as (S (NP-SBJ the sun) (VP was (VP coming (ADVP-DIR up))))))) .)) (TOP (S (PP-TMP At (NP the same time)) , (NP-SBJ-1 (NP six ANC colleagues) , (SBAR (WHNP-2 (WHNP five) (WHPP of (WHNP whom))) (S (NP-SBJ-3 *T*-2) (VP were (VP (VP arrested (NP *-3) (PP with (NP him)) (PP-TMP in (NP 1963))) and (VP sentenced (NP *-3) (PP-CLR to (NP life imprisonment))))))) ,) (VP were (VP reunited (NP *-1) (PP-CLR with (NP their families)) (PP-LOC at (NP (NP various places) (PP around (NP the country)))))) .)) (TOP (S And (SBAR as (S (NP-SBJ the graying men) (VP returned (PP-CLR to (NP their homes))))) , (NP-SBJ (NP the ANC) , (VP (VP outlawed (PP-LOC in (NP South Africa)) (PP-TMP since (NP 1960))) and (VP (ADVP-TMP still) considered (S (NP-SBJ *) (VP to (VP be (NP-PRD the chief public enemy)))) (PP by (NP-LGS the white government)))) ,) (VP (ADVP-MNR defiantly) returned (PP-DIR to (NP (NP the streets) (PP of (NP (NP the country 's) black townships))))) .)) (TOP (S (NP-SBJ-1 (NP A huge ANC flag) , (PP with (NP (ADJP black , green and gold) stripes)) ,) (VP was (VP hoisted (NP *-1) (PP-LOC-CLR over (NP (NP the rickety gate) (PP at (NP (NP Mr. Sisulu 's) modest house)))) , (SBAR-TMP while (S (PP-LOC on (NP the street)) (ADVP-LOC out (NP front)) , (NP-SBJ boys) (VP displayed (NP (NP the ANC colors)) (PP-LOC-CLR on (NP their shirts , caps and scarves))))))) .)) (TOP (S (PP-LOC At (NP (NP the small four-room home) (PP of (NP (NP Elias Motsoaledi) , (NP (NP a leading ANC unionist) and (NP (NP a former commander) (PP-LOC in (NP (NP (NP the group 's) armed wing) , (NP Umkhonto we Sizwe))))))))) , (S (NP-SBJ well-wishers) (VP stuck (NP little ANC flags) (PP-LOC-CLR in (NP their hair)))) and (S (NP-SBJ a man) (VP tooted (PP-LOC-CLR on (NP (NP an antelope horn) (VP wrapped (NP *) (PP-LOC-CLR in (NP ANC ribbons))))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ I) (VP am (ADJP-PRD happy (S (NP-SBJ *) (VP to (VP see (NP (NP the spirit) (PP of (NP the people))))))))) , '' (VP said (S *T*-1)) (NP-SBJ Mr. Sisulu) , (S-ADV (NP-SBJ *) (VP looking (ADJP-PRD dapper (PP in (NP a new gray suit))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ (NP the crowd) (PP-LOC outside (NP his home))) (VP shouted (FRAG `` (NP-VOC ANC) , (NP-VOC ANC))))) , '' (NP-SBJ the old man) (VP shot (NP his fists) (PP-DIR into (NP the air))) .)) (TOP (S `` (NP-SBJ-1 I) (VP 'm (VP inspired (NP *-1) (PP-LGS by (NP (NP the mood) (PP of (NP the people)))))) . '')) (TOP (S (PP-LOC Under (NP (NP the laws) (PP of (NP the land)))) , (S (NP-SBJ the ANC) (VP remains (NP-PRD an illegal organization))) , and (S (NP-SBJ its headquarters) (VP are (ADVP-TMP still) (PP-PRD in (NP (NP Lusaka) , (NP Zambia))))) .)) (TOP (S But (NP-SBJ (NP the unconditional release) (PP of (NP (NP the seven leaders) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (ADVP-TMP once) (VP formed (NP (NP the (ADJP intellectual and organizational) core) (PP of (NP the ANC)))))) ,))) (VP is (NP-PRD (NP (NP a de facto unbanning) (PP of (NP the movement))) and (NP (NP the rebirth) (PP of (NP its internal wing))))) .)) (TOP (SINV `` (S-TPC-1 (NP-SBJ The government) (VP can (ADVP-TMP never) (VP put (NP the ANC) (ADVP-PUT back (PP into (NP the bottle))) (ADVP-TMP again)))) , '' (VP said (S *T*-1)) (NP-SBJ (NP Cassim Saloojee) , (NP (NP a veteran anti-apartheid activist) (PP-LOC on (NP hand)) (S-PRP (NP-SBJ *) (VP to (VP welcome (NP Mr. Sisulu)))))) .)) (TOP (S `` (NP-SBJ Things) (VP have (VP gone (ADVP too far (SBAR for (S (NP-SBJ the government) (VP to (VP stop (NP them) (ADVP-TMP now)))))))) .)) (TOP (S (NP-SBJ There) (VP 's (NP-PRD no (S-NOM (NP-SBJ *) (VP turning (ADVP-DIR back))))) . '')) (TOP (S (NP-SBJ There) (VP was (ADVP certainly) (NP-PRD no (S-NOM (NP-SBJ *) (VP stopping (NP (NP the tide) (PP of (NP ANC emotion))) (NP (NP last night) , (SBAR (WHADVP-2 when) (S (NP-SBJ (NP hundreds) (PP of (NP people))) (VP jammed (PP-LOC-CLR into (NP (NP the Holy Cross Anglican Church) (PP-LOC in (NP Soweto)))) (SBAR (WHPP-1 for (WHNP what)) (S (NP-SBJ *T*-1) (VP became (NP-PRD (NP the first ANC rally) (PP-LOC in (NP the country)) (PP-TMP in (NP 30 years)))))) (ADVP-TMP *T*-2))))))))) .)) (TOP (S (NP-SBJ (NP Deafening chants) (PP of (NP `` (NP ANC) '' and `` (NP Umkhonto we Sizwe) ''))) (VP shook (NP the church) (SBAR-TMP as (S (NP-SBJ the seven aging men) (VP vowed (SBAR that (S (NP-SBJ the ANC) (VP would (VP continue (NP (NP its fight) (PP against (NP (NP the government) and (NP (NP the policies) (PP of (NP racial segregation))))) (PP on (NP (NP all fronts) , (PP including (NP the armed struggle))))))))))))) .)) (TOP (S And (NP-SBJ they) (VP called (PP-LOC-CLR-2 on (NP the government)) (S-CLR (NP-SBJ *-2) (VP to (VP release (NP (NP Nelson Mandela) , (NP (NP the ANC 's) leading figure) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP (VP was (VP jailed (PP with (NP them)))) and (VP remains (PP-LOC-PRD in (NP prison))))))))))) .)) (TOP (S-1 (PP Without (NP him)) (PRN , (SINV (VP said (SBAR 0 (S *T*-1))) (NP-SBJ Mr. Sisulu)) ,) (NP-SBJ (NP the freeing) (PP of (NP the others))) `` (VP is (NP-PRD only a half-measure)) . '')) (TOP (S (NP-SBJ President F.W. de Klerk) (VP released (NP the ANC men) (PRN -- (PP (ADVP along) with (NP (NP one) (PP of (NP (NP the founding members) (PP of (NP (NP the Pan Africanist Congress) , (NP a rival liberation group))))))) --) (PP-CLR as (NP (NP part) (PP of (NP his efforts (S (NP-SBJ *) (VP to (VP create (NP (NP a climate) (PP of (NP trust and peace)) (SBAR (WHPP-1 in (WHNP which)) (S (NP-SBJ his government) (VP can (VP begin (NP (NP negotiations) (PP with (NP black leaders)) (PP over (NP (NP a new constitution) (VP aimed (NP *) (PP-DIR at (S-NOM (NP-SBJ *) (VP giving (NP blacks) (NP (NP a voice) (PP-LOC in (NP national government)))))))))) (PP-LOC *T*-1)))))))))))))) .)) (TOP (S But (NP-SBJ Pretoria) (VP may (ADVP instead) (VP be (VP creating (NP (NP a climate) (PP for (NP (NP more turmoil and uncertainty) (PP-LOC in (NP this (ADJP racially divided) country)))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ (NP other repressive governments) , (ADVP particularly) (NP (NP Poland) and (NP the Soviet Union)) ,) (VP have (ADVP-TMP recently) (VP discovered)))) , (NP-SBJ initial steps (S (NP-SBJ *) (VP to (VP open (PRT up) (NP society))))) (VP can (VP create (NP (NP a momentum) (PP for (NP radical change)) (SBAR (WHNP-1 that) (S (NP-SBJ *T*-1) (VP becomes (ADJP-PRD (ADJP difficult (S *RNR*-2)) , (CONJP if not) (ADJP impossible (S *RNR*-2)) , (S-2 (NP-SBJ *) (VP to (VP control)))))))))) .)) (TOP (S (SBAR-TMP As (S (NP-SBJ the days) (VP go (PRT by)))) , (NP-SBJ the (ADJP South African) government) (VP will (VP be (ADJP-PRD ever more hard pressed (S (NP-SBJ *) (VP to (VP justify (NP (NP (NP the continued imprisonment) (PP of (NP Mr. Mandela))) (CONJP as well as) (NP (NP (NP the continued banning) (PP of (NP the ANC))) and (NP (NP enforcement) (PP of (NP (NP the state) (PP of (NP emergency))))))))))))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ it) (VP does n't (VP (VP yield (PP-LOC on (NP these matters))) , and (VP (ADVP-TMP eventually) begin (VP talking (ADVP-MNR directly) (PP-CLR to (NP the ANC)))))))) , (NP-SBJ (NP the expectations and promise) (VP raised (NP *) (PP by (NP-LGS (NP yesterday 's) releases)))) (VP will (VP turn (PP-CLR to (NP disillusionment and unrest)))) .)) (TOP (S (SBAR-ADV If (S (NP-SBJ it) (VP does))) , (NP-SBJ (NP the large number) (PP of (NP (NP right-wing whites) , (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP oppose (NP (NP any concessions) (PP to (NP the black majority)))))) ,))) (VP will (VP step (PRT up) (NP their (NP (NP agitation) and (NP threats (S (NP-SBJ *) (VP to (VP take (NP matters) (PP-LOC-CLR into (NP their own hands)))))))))) .)) (TOP (S (NP-SBJ The (ADJP newly released) ANC leaders) (ADVP also) (VP will (VP be (PP-LOC-PRD under (NP enormous pressure)))) .)) (TOP (S (S (NP-SBJ The government) (VP is (VP watching (ADVP-MNR closely) (S (NP-SBJ *) (VP to (VP see (SBAR-ADV if (S (NP-SBJ (NP their presence) (PP-LOC in (NP the townships))) (VP leads (PP-CLR to (NP increased (NX (NX anti-government protests) and (NX violence))))))))))))) ; (S (SBAR-ADV if (S (NP-SBJ it) (VP does))) , (NP-SBJ Pretoria) (VP will (VP use (NP this) (PP-CLR as (NP (NP a reason) (SBAR (WHADVP-1 0) (S (NP-SBJ *) (VP to (VP keep (S (NP-SBJ Mr. Mandela) (PP-LOC-PRD behind (NP bars))) (ADVP-PRP *T*-1)))))))))) .)) (TOP (S (NP-SBJ Pretoria) (VP has n't (VP forgotten (SBAR (WHADVP why) (S (NP-SBJ they) (VP were all (VP sentenced (PP-CLR to (NP life imprisonment)) (PP-TMP in (NP the first place)) : (FRAG (SBAR-PRP for (S (NP-SBJ sabotage and conspiracy) (VP to (VP overthrow (NP the government)))))))))))) .)) (TOP (S (PP In (NP addition)) , (NP-SBJ the government) (VP is (VP figuring (SBAR that (S (NP-SBJ the releases) (VP could (VP create (NP (NP a split) (PP (PP between (NP (NP the (ADJP internal and external) wings) (PP of (NP the ANC)))) and (PP between (NP (NP the (ADJP newly freed) leaders) and (NP (NP those activists) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP have (VP emerged (PP-CLR as (NP leaders)) (PP-LOC inside (NP the country)) (PP-TMP during (NP their imprisonment))))))))))))))))) .)) (TOP (S (SBAR-PRP In order (S (NP-SBJ *) (VP to (VP head (PRT off) (NP any divisions))))) , (NP-SBJ Mr. Mandela) , (PP-LOC in (NP (NP a meeting) (PP with (NP his colleagues)) (SBAR-TMP before (S (NP-SBJ-1 they) (VP were (VP released (NP *-1))))))) , (VP instructed (NP-2 them) (S (NP-SBJ *-2) (VP to (VP report (PP-CLR to (NP (NP the ANC headquarters) (PP-LOC in (NP Lusaka)))) (ADVP-TMP (ADVP as soon) (PP as (ADJP possible))))))) .)) (TOP (S (NP-SBJ-1 The men) (ADVP also) (VP will (VP be (VP faced (NP *-1) (PP-CLR with (S-NOM (NP-SBJ *) (VP bridging (NP (NP the generation gap) (PP between (NP (NP themselves) and (NP (NP (NP the country 's) many militant black youths) , (NP (NP the so-called young lions) (SBAR (WHNP-2 who) (S (NP-SBJ *T*-2) (VP are (ADJP-PRD anxious (S (NP-SBJ *) (VP to (VP see (S (NP-SBJ the old lions) (PP-LOC-PRD in (NP action))))))))))))))))))))) .)) (TOP (SINV (VP Says) (NP-SBJ (NP Peter Mokaba) , (NP (NP president) (PP of (NP the (ADJP South African) Youth Congress)))) : (S `` (NP-SBJ We) (VP will (VP be (VP expecting (S (NP-SBJ them) (VP to (VP act (PP like (NP (NP leaders) (PP of (NP the ANC))))))))))) . '')) (TOP (S (NP-SBJ They) (ADVP-TMP never) (VP considered (S (NP-SBJ themselves) (VP to (VP be (NP-PRD anything else))))) .)) (TOP (S (PP-LOC At (NP (NP last night 's) rally)) , (NP-SBJ they) (VP called (PP-LOC-CLR on (NP their followers)) (S-CLR (NP-SBJ *) (VP to (VP be (ADJP-PRD (ADJP firm , yet disciplined ,) (PP-LOC in (NP (NP their opposition) (PP to (NP apartheid))))))))) .)) (TOP (SINV `` (S-TPC-2 (NP-SBJ We) (VP emphasize (NP discipline) (SBAR-PRP because (S (NP-SBJ we) (VP know (SBAR that (S (NP-SBJ the government) (VP is (ADJP-PRD very , very sensitive))))))))) , '' (VP said (S *T*-2)) (NP-SBJ (NP Andrew Mlangeni) , (NP (NP another early Umkhonto leader) (SBAR (WHNP-1 who) (S (NP-SBJ *T*-1) (VP is (ADVP-TMP now) (NP-PRD 63)))))) .)) (TOP (S `` (S (NP-SBJ We) (VP want (S (NP-SBJ *) (VP to (VP see (S (NP-SBJ (NP Nelson Mandela) and (NP all our comrades)) (ADVP-LOC-PRD out (PP of (NP prison))))))))) , and (S (SBAR-ADV if (S (NP-SBJ-1 we) (VP are n't (VP disciplined (NP *-1))))) (NP-SBJ we) (VP may not (VP see (S (NP-SBJ them) (ADVP-LOC-PRD here (PP with (NP us))))))) .))